The Business Times, 16 June 2007

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Microfilm: NL27734
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 The Business Time A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents MICA (P> 202/12/2006 June 16-17, 2007 online at http: Vbusiness-times-asial-Com.sg
    21 words
  • Article, Illustration
    Lock icon Forbes' most influential stars
    98 1 Oprah Winfrey Tiger Woods Madonna Photos: AP.SCV Ranked by media presence 1 Oprah Winfrey 260 2 Tiger Woods 100 3 Madonna 72 4 Rolling Stones 88 5 Brad Pitt 35 6 Johnny Depp 92 7 Elton John 53 8 Tom Cruise 31 9 Jay-Z 83 10
    Photos: AP.SCV  -  98 words
  • Article
    Lock icon Move over Tom Cruise and bye-bye Paris Hilton
    601 1 AP. Reuters [NEW YORK] Talk show queen Oprah Winfrey has replaced Tom Cruise as the world's most powerful celebrity and jailbird Paris Hilton has dropped off the annual Forbes magazine list of the 100 most influential stars. Forbes' annual Celebrity 100 Power
    AP.; Reuters  -  601 words
  • Article, Illustration
    Lock icon Tokyo bourse buys into S'pore exchange
    815 1  -  4.99% stake is just shy of mark that makes it a substantial shareholder By ANGELA TAN [SINGAPORE] The Tokyo Stock Exchange, the world's second largest, yesterday said it has bought a stake just short of 5 per cent in the Singapore Exchange Ltd (SGX).
    Source: Bloomberg  -  815 words
  • Article
    Lock icon MARKETS DIGEST
    136 1 sn 3,581.16 (+7.73) ST INDEX FUTURES 3,583.00 (+8.00) SIMSCI 440.68 (+0.92) SIMSCI FUTURES 442.50 (+1.60) MARKETS Friday Change KLCOMP 1,360.65 +3.47 NIKKEI 225 17,971.49 +129.20 HANG SENG 21,017.05 +149.79 SET INDEX 744.25 +9.32 JAKARTA COMP 2.120.64 +12.23 MANILA COMP 3,671.29 +42.67 SEOUL COMP 1,772.26 +3.08 SHENZHEN B 700.37
    136 words
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      40 1 V.*, ''Jm r MwO H SHOPPING BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 II A"
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      96 1 motoring The ultra refined mmmm Alfaßrera IHHI PAGE i-.; i-i. f'&Vj You need to get back to this fundamental tenet business needs to be trusted" I r IBM chairman and CEO Samuel Palmisano on the challenges of taking one of the world's great companies to the next level H I3B!33S9S3!SSI^ESQISSSDIiIIIiIIIIiI
      96 words
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      5 1 Sayonara Akane page 20 HA^H
      5 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Property stocks up despite major govt land sales programme
      661 2  -  S'pore Properties Equities Index rises 7.5 points to hit a one-year high By UMA SHANKARI [SINGAPORE] Property stocks continued to climb on the Singapore Exchange yesterday, showing that investors believe that property prices will not be hit by the government's decision
      File photo  -  661 words
    • Article, Illustration
      Lock icon Yen plunges as BoJ signals it's in no hurry to raise interest rates
      613 2  -  By ANTHONY ROWLEY in Tokyo THE yen went into what some analysts say could develop into a free fall after the Bank of Japan's Policy Board again declined to raise interest rates at the end of its
      REUTERS; Source: Bloomberg  -  613 words
    • Article
      Lock icon Report revives talk of Temasek selling BII stake
      679 2  -  By LAUREL TEO in Jakarta TALK has been reignited of a possible plan by Temasek Holdings to get rid of all or part of its controlling share in Bank Internasional Indonesia (B1I), the country's sixth-largest bank by assets. South Korea's largest lender
      679 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      541 2 Outcome of Yellow Pages EGM uncertain AS the extraordinary meeting approaches in which shareholders of Yellow Pages will have to decide whether to dump the company's independent directors, questions are being asked about corporate governance standards for companies. The outcome of the June 28 meeting is as yet
      541 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon TRUE BLUE
      1646 3  -  For IBM chief Sam Palmisano, ensuring that employees connect to their company with pride is as important as business success. He tells KENNETH JAMES why Kenneth James J* ROM March 1 on, Sam is mM IK our new leader." With that line, in an emotional farewell letter dated
      Yen Meng Jiin  -  1,646 words
    • Article
      Lock icon We can never break the bond of trust: Palmisano
      657 3  -  By KENNETH JAMES IBM chairman Sam Palmisano laughs when reminded that he used to be known as "the Closer", a tribute to his reputation as a master salesman. And he notes that his biggest sales skill has proved invaluable to him
      657 words
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      98 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      98 words
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  • COMPANY NEWS
    • Article
      Lock icon COMPANY BRIEFS
      239 4 Food Empire brands valued at $182m FOOD Empire Holdings said its proprietary brand MacCoffee has been valued at $166 million in a study by Brand France. Together with its two other brands, Petrovskaya Sloboda and Kracks, the brands have been assigned a total value of $182 million. Citi
      239 words
    • Article
      Lock icon Federal Int'l to supply utilities to biodiesel giant
      335 4  -  By CHOW PENN NEE THE world's biggest biodiesel plant on Jurong Island will get its steam and electricity supply from a Singapore company. Mainboard-listed Federal International (2000) —which distributes and installs electrical and marine products for the oil, gas and petrochemical industries
      335 words
    • Article, Illustration
      Lock icon STI resilient to rise in US bond yields
      518 4  -  STOCKS R SIVANITHY Senior Correspondent IF THERE was a central theme to this week's action, it was how Wall Street responded to higher bond yields. Little over a week ago the yield on the 10-year Treasury crossed 5 per cent for the
      518 words
    • Article
      Lock icon Rabobank floats blue-chip equity-linked certs
      490 7  -  It's all set to launch 2nd and 3rd series later this month By NISHA RAMCHANDANI SWIFT on the heels of ABN Amro's listing of its Zero Certs on the Singapore Exchange (SGX), Dutch bank Rabobank yesterday saw the flotation of its first in a series
      490 words
    • Article
      Lock icon Olam aims to gain exposure in Oceanic dairy market
      355 7  -  By NISHA RAMCHANDANI OLAM International, which has acquired a 19.9 per cent stake in New Zealand dairy-processing company Open Country Cheese Company, said its strategic move is aimed at gaining exposure in that important dairy region. Olam, which on Thursday said
      355 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8434 7 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S pore) Star Imp Eqty!" 1133/ Star E mope Bond I.K Stat Europe M 126" Stat Asian Tiger Eqty 514/ Star Asia Bom 1321/ Star Asia Balanced 1 138/ Star Global Technology Fund 1 0_23/ Mu'ti St Fd 0 991/ Stat Asia Bond(USD)
      8,434 words
    • Article, Illustration
      Lock icon Outcome of Yellow Pages EGM uncertain
      499 4  -  No alternative independent directors proposed as deadline passes By SIOW LI SEN AS THE extraordinary meeting approaches in which shareholders of Yellow Pages will have to decide whether to dump the company's independent directors, questions are being asked about corporate governance standards for companies.
      FILE PHOTO  -  499 words
    • Article, Illustration
      Lock icon Keppel may land US$1.2b Brazil job
      590 4  -  Petrobras believed to be negotiating terms of deal By CONRAD RAJ KEPPEL Corp stands to win a US$l.2 billion order for a floating production unit "Which willmasKTfr'fely help narrow the gap with archrival SembCorp Marine in offshore rig orders bagged so far this year.
      REUTERS  -  590 words
    • Article, Illustration
      Lock icon MI-Reit loses court case against Liang Huat
      419 4  -  By NANDE KHIN MACARTHURCOOK Industrial Reit (MI-Reit) has failed in a legal bid to have the termination of an option agreement on a proposed $32.5 million acquisition Liang Huat Industrial Complex declared invalid. But the Reit is considering an appeal. Its manager, MacarthurCook
      419 words
    • Article
      Lock icon Metro takes 45% stake in Beijing property project
      434 7  -  Metro will pump $138.6 m into the tie-up with private investors By KALPANA RASHIWALA RETAIL and property group Metro Holdings said yesterday it will take a 45 per cent interest in a company that will acquire the full equity interest in a
      434 words
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      204 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER so) AND IN THE MATTER OF DISPLAY FUTURE PTE. LTD. (REGISTRATION NO. *****3266H) ON MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuance of Section 308 of the Companies Act, Cap 50, that a Final Meeting of the
      204 words
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      37 4 1 SERA ASSOCIATES provides legal representation in Canada for Corporate Law, Commercial Acquisitions, Real Estate, Taxation and Immigration Services for Businesses and Students. For information please contact JOSHUA I. SERA, BA, LL B, LL M at JSERA@TORLAW.COM
      37 words
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  • Page 5 Advertisements
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      228 5 lii f r v -w* t£•• -v wA >. J **-&->- i. 'j ',r' 4,* y V. •> I, i" On Time. On Budget. Again. W'- k V'' J f Keppel FELS delivers its third rig to Sinvest yr n v >**"** ,«v ■>■ 0 1 ,JT?) •■< i ifc,-
      228 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      1038 6  -  Compiled by MATTHEW PHAN ComfortDelGro June 15 close: 552.19 KIM ENG RESEARCH. June 15 READING too much between the lines: We believe that the current market speculation about an impending restructuring in Singapore's transport sector is partly due to an over-emphasis of some wordings in ComfortDelGro's (CD) FYO6
      Source: Bloomberg  -  1,038 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1118 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial »uy No of Price SHAREHOLDING^ Trans Shareholder/ Sell Shares Por «eJore Stock Date Director Conv 000 Shr S (000) 1 0001 Hengxin Tech 15-Jun-07 Siskin Inv Ltd Sell 3184 na ***** 16.56 ***** 15.61 Hengxin Tech 15-Jun-07 Qian Li Rong *Sell 3184
      1,118 words
    • Article, Illustration
      Lock icon The hazards of forecasting
      1238 6  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent An ARTICLE in The Australian a couple of weeks back by John Kay examined an economist's forek cast of the United V Kingdom's coal consumption in the 19th century. According to Kay's report, the great Victorian economist
      AP  -  1,238 words
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      28 7 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. i!!! 1 5
      28 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Get great kicks at The Centrepoint
      233 8 BT Bonus issue THIS week, Nine West at The Centrepoint has a treat that promises to put a smile not only on women's faces, but on their pretty feet too. The American premium shoe chain which has a wide selection of shoes, bags and
      233 words
    • Article, Illustration
      Lock icon April retail sales growth disappoints
      443 8  -  By CHARMIAN KOK SINGAPORE'S retail sales grew at less than half the pace economists had expected in April, as rising prices for car permits dampen auto purchases, according a Department of Statistics report released yesterday. Overall retail sales rose marginally by 0.7 per cent compared
      BLOOMBERG  -  443 words
    • Article
      Lock icon May export growth probably lowest in eighteen months
      373 8 Bloomberg [SINGAPORE] Singapore's exports probably gained in May at near the slowest pace in 18 months, suggesting electronics manufacturers are still struggling to surmount the worst slump in shipments in five years. Non-oil domestic exports rose 1.9 per cent from a year
      Bloomberg  -  373 words
    • Article
      Lock icon MOF seeks views on proposed tax changes
      201 8 THE Ministry of Finance is seeking public feedback on proposed amendments to the Income Tax Act. The proposed amendments to the Act are to cater for the Budget 2007 tax changes and other non-Budget measures. The Budget 2007 changes to be legislated include
      201 words
    • Article
      Lock icon Employment rises in Q1 but jobless rate up
      575 8  -  Brisk hiring rate outpaces productivity; wages on the rise By NANDE KHIN THE job market here continued to remain tight in the first quarter as total employment rose by 49,400 and the number of layoffs declined sharply, according to the Ministry of
      575 words
    • Article
      Lock icon True number portability delayed to 2008
      425 8  -  By SIOW LI SEN MOBILE phone users fed up with their operator will have to be patient for at least another six months as true number portability has been postponed to next year. But at least the appointment of Syniverse Technologies as the centralised
      425 words
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  • ARTS FESTIVAL
    • Article, Illustration
      Lock icon Simple yet provocative production
      434 9  -  '3 Years, 8 Months, 20 Days' is more of a documentary, writes UMA SHANKARI UMA SHANKARI jgaflUfr AMBODIAN production 3 Jr Years, 8 Months, 20 Days by Amrita Performing Arts is a commendable effort from a country trying to rebuild its j arts scene after a
      434 words
    • Article, Illustration
      Lock icon Offering a musical interpretation of what it means to be Asian
      615 9  -  By MONA LIM SOMEWHAT enigmatically, Asian Infusions promises audiences an "aromatic aural experience". Translated, the concert wants to offer audiences a musical meaning of what it means to be Asian. Or, in the words of the Singapore Chinese Orchestra's
      615 words
    • Article, Illustration
      Lock icon Fledging directors give new ife to old plays
      715 9  -  By CHRISTINE SIM REVISITING well-known works of theatre is tricky the director is caught between the memory of its first staging, his own artistic agenda and audience expectation. However, at Full Frontal, a new initiative by the Singapore Arts Festival (SAF), two
      715 words
    • Article, Illustration
      Lock icon Your Daily Guide to the Arts Festival: What's On Today
      409 9  -  Compiled by AMANDA DE GUZMAN Sinfonia Eroica: Belgian dance company Charleroi/Danses brings you a compelling and innovative production set to Beethoven's Third Symphony. 8:00pm, Until June 17, Esplanade Theatre, Tickets $20 to $60, 80 minutes no intermission. TICKETS SELLING FAST
      409 words
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      Lock icon Page 9 Advertisements Column 1
      79 9 Your free lesson in Chinese music To grab \our tree guide, simplv present tins a>p\ ot The Business Times Weekend edition at: The Merchandise ounter Level ot the Singapore Conference Hall 7pm to H)pm where the the Orchestra will he performing -\>/jn lniuuon> tor the Singapore Arts Festival 2007. This
      79 words
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  • MALAYSIA
    • Article
      Lock icon M'sia says it has contained outbreak of bird flu
      478 10 No human cases reported since infection was found in chickens on Wed Reuters [PUTRAJAYA, Malaysia] Malaysia has contained a bird flu outbreak and no new cases have been reported after the nation last week found its first infection in village chickens
      Reuters  -  478 words
    • Article
      Lock icon KL may extend Johor incentives
      241 10 -Reuters [KUALA LUMPUR] Malaysia could consider widening nationwide a package of incentives offered to lure investors to its US$lO5 billion southern development zone if the measures prove a success, the prime minister said on Thursday. Asked whether the government could consider extending the measures used
      -Reuters  -  241 words
    • Article
      Lock icon SGX MAINBOARD
      6023 10 52-Wk Tel Last Vol Day Last Quote Dt* GfYld Not MCap liqh low Code Company SaU C000) High low Buy«f Solkf Cvr Pft iH 3 18 6 3148 CTejettiinrK.lL lot 2054 18 17 17 17.5 4 7 0 9 24 838 34 20 5834 A-Sonk 25.5 unch 900
      6,023 words
    • BRIEFLY ASIA
      • Article
        Lock icon Beijing not to abolish withholding tax
        77 10 —Reuters [BEIJING] China has no plan to abolish the 20 per cent withholding tax on interest income, the influential Caijing magazine reported in its online edition yesterday. Caijing cited unidentified sources with the Ministry of Finance's tax policy department as saying Beijing is reluctant
        —Reuters  -  77 words
      • Article
        Lock icon China plans to launch stock index futures
        55 10 Xinhua [BEIJING] China is preparing to launch stock index futures but has no timetable for the advent of the financial derivative, Tu Guangshao, deputy head of China Securities Regulatory Commission, said recently. Preparatory work on the stock index futures mainly include formulation of
        Xinhua  -  55 words
      • Article
        Lock icon HK population needs to grow: Tsang
        98 10 -Reuters [HONG KONGI Hong Kong's population must grow for the city to be competitive, and Chief Executive Donald Tsang thinks 10 million people could live here comfortably—an increase of over 40 per cent, the Financial Times said on Friday. "We must not allow the
        -Reuters  -  98 words
      • Article
        Lock icon Li & Fung to acquire CGroup for US$120m
        78 10 Li Fung to acquire CGroup for US$120m Bloomberg [HONG KONG] Li& Fung Ltd, which sells goods to Wal-Mart Stores Inc and Target Corp, said it will pay US$l2O million to acquire CGroup, a Hong Kong-based health, beauty and cosmetics supplier. Hong Kong-based Li Fung will acquire CGroup to "provide a
        Bloomberg  -  78 words
      • Article
        Lock icon ONGC gets nod to buy stake in Egypt block
        75 10 -Reuters [NEW DELHI] India's Cabinet yesterday approved state-run explorer Oil and Natural Gas Corp (ONGC) to buy a 33 per cent stake in an Egyptian deep-water block from operator Royal Dutch Shell, a minister said. "ONGC's proposal to buy stake in
        -Reuters  -  75 words
      • Article
        Lock icon Vodafone bullish on India mobile unit
        94 10 —Reuters [MUMBAI] British mobile phone company Vodafone Group pic expects to add 1.5 million customers per month at its new India mobile unit, Vodafone chief executive Arun Sarin said yesterday. India is the world's fastest-growing cellular market that has been adding more than six
        —Reuters  -  94 words
      • Article
        Lock icon Nineyou to be listed on OSE next month
        77 10 AP [TOKYO] Chinese online game software developer, Nineyou International Ltd, will be listed on the Osaka Securities Exchange (OSE) next month, the exchange said yesterday, becoming the second company from mainland China to debut in a Japanese market. The shares of Nineyou,
        AP  -  77 words
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  • INDONESIA
    • Article
      Lock icon Jakarta likely to hike export tax on palm oil, says official
      390 11 Govt may also enforce discount selling if palm oil prices remain high —Reuters [LONDON] The Indonesian government will probably increase its export tax and could enforce discount selling if palm oil prices remain high, the chairman of palm oil
      —Reuters  -  390 words
    • Article
      Lock icon Antam eyes new gold mine to boost reserves
      247 11 —Reuters [JAKARTA] Indonesian state-run mining firm PT Aneka Tambang TBK is looking to acquire a new gold mine to boost its gold reserves, the company said yesterday. Antam's gold resources and reserves at its Pongkor mine in West Java are expected to
      —Reuters  -  247 words
    • Article
      Lock icon SGX
      6254 11 Transaction Date: Jun 15 MOST ACTIVE STOCKS VOLUME VALUE (S) CSC Hldqs 103.45S.000 SingTel 90.614,620 Equation 81.218.000 SGX 66.278.200 FHTK Hldqs 75.295.000 DBS Grp 65.584.618 Ultro Tech 74,046,000 Swiber 62.541,040 Diqiland 69.588.000 UOB 62.100.850 Yonqnam 61.349.000 SembMar *****,005 Ban Joo 55,320,000 CapitaLand 61.097,884 HLG 48.961.000 SIA 50.955.300 SwinqMedia 48.560.000
      6,254 words
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  • GREATER CHINA
    • Article
      Lock icon China Cosco to raise 15b yuan in Shanghai share sale
      615 12 Bloomberg [HONG KONG] China Cosco Holdings Co, operator of Asia's largest container line, may raise as much as 15.1 billion yuan (Ss3 billion) in one of the biggest share sales in China this year to buy new ships. The company,
      Bloomberg  -  615 words
    • Article, Illustration
      Lock icon China Construction Bank in mega share sale
      448 12 Bloomberg [HONG KONG] China Construction Bank Corp plans to sell shares valued at US$5.5 billion in what would be the nation's biggest stock sale this year, responding to a government call for large companies to raise funds at home. China Construction, the nation's
      – Bloomberg; BLOOMBERG  -  448 words
    • Article
      Lock icon China not ready to raise limit on foreign holdings
      206 12 Reuters [SHANGHAI] China is unlikely to move quickly to raise the amount of foreign institutional investment in its securities markets to US$3O billion, an official of the State Administration of Foreign Exchange (SAFE) said yesterday. "There hasn't been a final decision
      Reuters  -  206 words
    • Article, Illustration
      Lock icon HK govt has lost its nerve to cany out bold business policies: Richard Li
      297 12 -AFP [HONG KONG] The Hong Kong government has lost its nerve and failed to carry out the best and most stable policies, billionaire Richard Li said, warning this could deter investment and harm the economy. As
      -AFP; AP  -  297 words
    • Article
      Lock icon China investment quickens, fuels talk of rate tightening
      686 12 Fixed investment in urban areas grows 25.9% in January-May period Reuters [BElJlNG] China's spending on fixed assets such as roads and power plants accelerated in the first five months of the year, prompting predictions of imminent monetary tightening to slow the world's
      Reuters  -  686 words
  • Page 12 Advertisements
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      66 12 DSLR PHOTOGRAPHY -""SONYOCIQO Learn better digital photography with HWM's latest GuidebookDSLR Photography with the Sony (XIOO. In this 120-page guide, you'll learn: From point-arid-shoot to DSLR. Extra Edge with the Sony (XlOO. Principles behind DSLR photography. Creative shots with a DSLR camera. Sony cXIOO Photo Gallery. Rnd more! mBWm pi
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      Lock icon Page 12 Advertisements Column 2
      59 12 j\ J RAD2O 100% PURE FUN 1 B \0 BB W www radio9l3 I B I Win a Fortis Watch when you take part in Buzz My Day on June 23. Log on to www.radio9l3.com or www.radioloo3.com to find out more today! Radio 91.3 and Radio 100.3 are managed by
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  • INDIA
    • Article
      Lock icon Developer DLF's IPO oversubscribed
      623 13 This sets stage for a big rush for ICICI's US$4.3b record sale next week Bloomberg [MUMBAI] DLF Ltd. the Indian developer controlled by billionaire Kushal Pal Singh, got bids for three times the stock in its US$2.4 billion sale, signalling ICICI Bank Ltd's record offer may
      – Bloomberg  -  623 words
    • Article
      Lock icon Diplomats have to pay taxes: US court
      257 13 India and Mongolia have to pay millions in property taxes after losing case AFP [WASHINGTON] India and Mongolia must cough up millions of dollars in unpaid property taxes to New York City after losing a Supreme Court case over the diplomatic status of
      AFP  -  257 words
    • Article, Illustration
      Lock icon India could see a first-ever female head of state
      357 13 Congress party chooses woman as candidate in presidential vote -AFP [NEW DELHI] India's ruling Congress party yesterday chose a woman as its candidate in a presidential vote next month, raising the prospect that the country could see its first female head
      -AFP; AP  -  357 words
    • Article
      Lock icon BURSA MALAYSIA
      2497 13 VOl iuw 15 Mi W- COBB) A* M Realty 2.61 -0.04 118 Abrtc Bhd -0.30 unch 100 Advance Synergy 0.29 -0.01 961 Adverrta Bhd 1.34 0.01 707 Ae Multi Hldgs 0.33 -0.01 419 Affin Holdings J.39 0.04 2501 Ahmad Zaki Reiou 3.18 -0.06 40 Ale Corp 0.S5 0.01
      2,497 words
    • Article, Illustration
      Lock icon Capital flows can hurt India's competitiveness
      504 13 They may overvalue currency, erode traditional sectors, says central bank Reuters, Bloomberg [MUMBAI/BANGALORE] Large capital inflows could result in overvaluation of India's currency and erode competitiveness of traditional and goods sectors in the long term, India's deputy central bank governor said yesterday. Deputy governor
      – Reuters,; Bloomberg; BLOOMBERG  -  504 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Booming art market headed for a dive
      774 14 Amidst ever escalating prices, collectors says market overvalued -Bloomberg [LONDON] Alfred Taubman, Sotheby's largest individual shareholder says the art market is heading for a decline. "As a collector, prices seem high to me," Mr Taubman, who owns pictures by Mark Rothko, Jasper Johns
      -Bloomberg; BLOOMBERG  -  774 words
    • Article
      Lock icon Nymex exploring sale to NYSE, other bourses
      492 14 -Bloomberg [NEW YORK] The New York Mercantile Exchange, the world's largest energy market, is exploring a sale, said two people involved in the discussions. Top Nymex executives have met their counterparts at NYSE Euronext, Deutsche Boerse or Chicago Mercantile Exchange Holdings, they said.
      -Bloomberg  -  492 words
    • Article
      Lock icon F1 doesn't need US GP, says Ecclestone
      267 14 —AFP [INDIANAPOLIS, Indiana! Ahead of tomorrow's US Grand Prix, Formula One (Fl) chief Bernie Ecdestone has warned the owners of the Indianapolis Motor Speedway (IMS) that he may take the event elsewhere in future years. Though the IMS administration has expressed an interest
      —AFP  -  267 words
    • Article
      Lock icon Consumer prices in May post 0.7% increase
      444 14 LATEST US DATA Reuters, AP, Bloomberg [WASHINGTON] A steady rise in food and energy costs pushed overall US consumer prices up 0.7 per cent in May, the sharpest gain in more than 1-1/2 years, but prices that strip out volatile food and energy
      Reuters,; AP,; Bloomberg  -  444 words
    • Article
      Lock icon S Korean panel backs capital markets law
      445 14 Seoul moves to jostle with regional financial hubs Reuters [SEOUL] A key committee yesterday approved a new law the South Korean government hopes will trigger a "big bang" for its lagging financial sector, spurring consolidation and luring in foreign players. The approval from
      Reuters  -  445 words
    • Article, Illustration
      Lock icon Subprime fallout hurts Wall Street
      575 14 NYT [NEW YORK] Wall Street firms insisted for months that the meltdown in the subprime housing market was contained and might even offer substantial opportunities for making profits. The market seems to have come back to bite them. On Thursday, Goldman Sachs reported that profits
      NYT; BLOOMBERG  -  575 words
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  • MOTORING
    • Article, Illustration
      Lock icon This is for the Alfa male
      619 15  -  The Brera has a shape that can only be described as terrific and it's very refined, says SAMUEL EE SAMUEL EE TO CALL the styling of some modern cars risible is an understatement. Even pre-school children doodling with fat crayons display a better sense
      619 words
    • Article, Illustration
      Lock icon All that's new in BMW X 5
      341 15  -  By SAMUEL EE THE first seven-seater BMW model should be arriving in less than three months' time. The second-generation BMW X 5 sport-activity vehicle has many brand new features but the most interesting should be its third row of seats. The Munich-based carmaker
      341 words
    • Article, Illustration
      Lock icon Top of the line, Audi's marks the spot
      780 15  -  By C Y CHEW DROPPING a line like "Oh, I drive the motorsports edition of such and such a car" at a dinner party will undoubtedly elicit a few "oohs" and "ahhhs" from the other guests. But what they don't know is
      C Y CHEW  -  780 words
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  • GOLF
    • Article, Illustration
      Lock icon Intimidating Oakmont
      1007 16  -  In keeping with the tradition of tough Majors courses, can the penal Oakmont course, where US Open 2007 is underway, throw up some surprises? JUSTINE MOSS discusses probabilities JUSTINE MOSS GOLF courses that have been nipped, tucked and prepped to a punishing degree for Major championship play are
      AP  -  1,007 words
    • Article, Illustration
      Lock icon HSBC Challenge slots snapped up
      320 16  -  By VEN SREENIVASAN IT was a fast and furious morning for golfers yesterday as they scrambled to access HSBC Bank's website to register for HSBC Golf Challenge 2007. According to organisers, all 252 slots available were snapped up within a record 15 minutes after the
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  • WELLNESS
    • Article, Illustration
      Lock icon Honey's healing touch
      1149 17  -  Apart from its anti-inflammatory and anti-oxidant properties, manuka honey is an ideal healing agent, reports MELISSA HENG MELISSA HENG ■■■■MM HE next time you have a blocked nose, try this home remedy: tilt you head back and drip a few drops of manuka honey down each nostril
      1,149 words
    • Article, Illustration
      Lock icon Male skin sensitivity overlooked
      569 17  -  By CHRISTOPHER LIM SENSITIVITY is an underappreciated male attribute. No, we're not talking about emotional sensitivity, but male skin sensitivity, though Laboratorie Bioderma's Dr Marius Tache feels that confusion between emotional sensitivity and notions of manliness has contributed to neglect of male skin health. In fact,
      569 words
    • Article
      Lock icon Ovarian cancer found to cause symptoms early on
      510 17 -NYT [NEW YORK] Cancer experts have identified a set of health problems that may be symptoms of ovarian cancer, and they are urging women who have the symptoms for more than a few weeks to see their doctors. The new advice is
      -NYT  -  510 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      316 17 CRYPTIC CROSSWORD Aroncc ist (5) alkum 4 Sentimentality over attractive 1 What may restrict Polly's walk pe rson not a that wonderful in London (8) (7) 5 Exclamation in school when 6 Dog followed and cut short there's roast (6) (9) 9 Heartlessly capture many a -j y ree j
      316 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Enjoy some Valli chic moments
      712 18  -  Creating saucily unique but wearable couture gains a former Ungaro designer his Hollywood following, reports MELISSA LWEE MELISSA LWEE GIVEN the international accolades heaped on the dramatic couture creations by fashion's reigning "it" designer df the moment, Giambattista Valli is surprisingly sans attitude. "Don't worry
      712 words
    • Article, Illustration
      Lock icon Bulgari steps up expansion drive as bet on Asia pays off
      931 18  -  By CORINNE KERK WITH back-to-back interviews squeezed into a brief trip to Singapore, Francesco Trapani is showing signs of fatigue late in the day. But if he secretly wished he was chilling out in the luxury Bulgari Resort in
      YEN MENG JIIN  -  931 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon Preserving a legacy
      1144 19  -  Tan Chin Tuan's family mansion gets a new lease of life after complex redevelopment, reports GEOFFREY EU GEOFFREY EU A YEAR or two before he passed away in 2005 at the age of 98, the banker and philanthropist Tan Chin Tuan asked architect Tay Lee Soon to
      YEN MENG JIIN  -  1,144 words
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  • The Business Times weekend
    • Article, Illustration
      Lock icon Sushi master to slow down
      1175 20  -  Yoshio Nogawa will take some time off after closing his flagship Akane restaurant at the end of the month, writes GEOFFREY EU GEOFFREY EU A SMALL but significant chapter in local culinary history will end on June 30 when Yoshio Nogawa, the pioneering chef who
      YEN MENG JIIN  -  1,175 words
    • Article, Illustration
      Lock icon Straight from the chef
      370 20 Tomato and Goat Cheese Salad Chefs note: You can keep it in your fridge and pop it out, ready to eat, when you have guests. Ingredients (serves eight) 4 Momotaro Tomatoes (Organic tomatoes from Japan) Rock Salt Olive Oil Stroobant favours "Terre Bormano" Goat's Cheese Rocket
      370 words
    • Article, Illustration
      Lock icon Just keep it simple, silly
      573 20  -  By AMANDA DE GUZMAN EMMANUEL Stroobant's knife dances ballet-like on the cutting board and he's not even looking. Instead, his mouth is going a mile a minute, telling a charming story on why he always without fail peels his vegetables. He also always takes out
      YEN MENG JIIN  -  573 words
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