The Business Times, 4 July 2007
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2007-07-04
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The Business Times
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Title Section20 2007-07-04 1 THE BUSINESS TIMES Wednesday, July 4,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg20 words
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675 2007-07-04 1 UMA SHANKARI - Number sold this year could hit 11,700-16,500, beating last year's high of 11,147 By UMA SHANKARI [SINGAPORE] Sales of new homes are set to hit a new high this year as developers line up as many as 7,000 units to be launched675 words
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Article132 2007-07-04 1 STI 3.569.43 (+19.09) ST INDEX FUTURES 3,574.00 (+19.00) SIMSCI 439.69 (+2.53) SIMSCI FUTURES 439.70 (+3.70) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.886 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 8.25 CANADA 6.00 SWITZERLAND 4.46 INDIA 12.75 Source: Bloomberg MARKETS Tuesday Change KLCOMP132 words
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Article, Illustration750 2007-07-04 1 SIOW LI SEN - S'pore M&A activity up 85% in H1 to record US$43.3b By SIOW LI SEN [SINGAPORE] As companies across Asia seek to improve their prospects by mergers and acquisitions (M&As), the legal work involved is pouring in for Singapore's top lawyers. Allen Gledhill,Source:Thomson Financial - 750 words
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Page 1 Advertisements
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Advertisement50 2007-07-04 1 INVESTMENT More Japanese manufacturers making money in S'pore PAGE 15 MOTORING 4 kwm ECONOMY S'pore manufacturing outlook brightens PAGE 2 fIRBH SssF-v* There's upside yet in Singapore property PAGE 29 EMERGING MARKETS How long will the bull run last Certain segments are still viable PAGE 28 UNLOCK AND CONQUER CORUM50 words
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Advertisement11 2007-07-04 1 COMMENTARY Fresh directions for ST Engineering PAGE 4 na s'sszisrsoooov 111 words
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TOP STORIES
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468 2007-07-04 2 ANNA TEO - 2.3-point rise signals brighter outlook for manufacturing By ANNA TEO [SINGAPORE] The manufacturing outlook continues to brighten as the June purchasing managers' index chalked up not only the first consecutive rise after a fivemonth slide but also its biggest one-month gain468 words
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Article37 2007-07-04 2 IN last week's report "Mah Bow Tan on business hubs, plot ratios" (BT, June 29), we inadvertently referred to the National Development Minister as Mr Tan instead of Mr Mah. We are sorry for the error.37 words
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Article355 2007-07-04 2 Tokyo housewives narrow currency swings JAPANESE housewives are helping to moderate currency swings by betting against professional investors, Bank of Japan board member Kiyohiko Nishimura says. TOP STORIES, PAGE 3 HK$: Fears that Leung's remark has left it vulnerable ONE of Hong Kong's former financial secretaries Antony Leung355 words
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489 2007-07-04 3 Bank of Japan board member draws attention to a new factor in the market Bloomberg [TOKYO] Japanese housewives are helping to moderate currency swings by betting against professional investors, Bank of Japan (BOJ) board member Kiyohiko Nishimura says. "The arrival of Japanese households as majorBloomberg - 489 words
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Article, Illustration557 2007-07-04 3 JANE MOIR - Legislative Council to discuss ex-top official's conduct By JANE MOIR in Hong Kong ONE of Hong Kong's former financial secretaries is under fire for divulging sensitive information regarding the city's peg to the US dollar a move observers believe has leftBLOOMBERG FILE PHOTO - 557 words
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Article, Illustration599 2007-07-04 2 RONNIE LIM - Site allows for doubling of initial capacity to 6m tonnes per annum By RONNIE LIM [SINGAPORE] Singapore's US$5OO million liquefied natural gas terminal will be built on a 30hectare site on the south-western part of Jurong Island whereSource: EMA - 599 words
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Article, Illustration769 2007-07-04 2 CHOW PENN NEE - US$2.9b deals done in H1, up five-fold from whole of 2006 By CHOW PENN NEE [SINGAPORE] With the surge in private equity deals around the world, it was not long before they found a home in Singapore. A surfeit of private equity money769 words
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Page 2 Advertisements
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Advertisement46 2007-07-04 2 [IgpflindirE] If 0 6438 2297 1 2nd Floor, 31 Club Street, Singapore *****8 1 sng@newconceptmandarin.com I Radio 91 3 is managed by SPH Unionworks, a subsidiary of HP Singapore Pres% Holdings .-"v- Sit- M- > "•p"-. M! *5 ,<K H' u■ f* ''V. r 4;, a,- 146 words
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Advertisement241 2007-07-04 3 NOVENA MEDICAL CENTER SINGAPORE'S MOST MODERN SPECIALIST MEDICAL CENTRE NOW WITH ITS HIGHLY COVETED 8™ FLOOR UNITS AVAILABLE FOR LEASE Step into the entrance of Novena Medical Center on its Bth8 th floor, and you'll find 6,100 sq ft of space dedicated to laboratory and radiology services and a 5,700241 words
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COMPANY NEWS
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562 2007-07-04 4 MATTHEW PHAN - By MATTHEW PHAN in Washington, DC NAVIGATING politics and governments in the US is an essential part of doing business there, even more so for a conglomerate as intent on the defence business as Singapore Technologies Engineering (ST Engg). So it's a good562 words
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606 2007-07-04 4 MATTHEW PHAN - It aims to set up facilities to replace Basco which was shut down last year By MATTHEW PHAN in Mobile, Alabama SINGAPORE Technologies Engineering's aerospace unit intends to set up aircraft maintenance facilities in Eastern or Central Europe by next year, to replace606 words
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Article, Illustration667 2007-07-04 4 MATTHEW PHAN - HOCK LOCK SIEW By MATTHEW PHAN ST ENGINEERING'S (STE) stock price has risen strongly over the last year, thanks in part to clear signs that integration of acquisitions made since 2002 has gone well. Despite this, the company is far from reachingFILE PHOTO - 667 words
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Article, Illustration1573 2007-07-04 5 BT ADVERTORIAL Marco Bizzozero, head of private equity investments at Deutsche Bank Private Wealth Management, talks to The Business Times about the growth of private-equity investment in Asia. THE private-equity market is booming: a growth that's involved a broadening of its target sectors and1,573 words
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Article, Illustration522 2007-07-04 6 Rising global trade seen lifting demand for moving cargo —Bloomberg SHARES of Neptune Orient Lines Ltd. Hanjin Shipping Co and other Asian shipping lines reached records on optimism rising global trade will boost demand for cargo transport and push container rates higher.—Bloomberg; FILE PHOTOS - 522 words
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Article, Illustration374 2007-07-04 6 OH BOON PING - Disposal estimated to have reaped a gain of at least $40m By OH BOON PING TYCOON Oei Hong Leong has sold his entire stake of 13.17 per cent stake in Super Coffeemix Manufacturing, reaping an estimated gain of at least $40 million.374 words
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621 2007-07-04 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI SINGAPORE has seen a recent proliferation of participation certificates listed on the structured warrant market giving retail investors here a greater variety of choice. The Singapore Exchange (SGX) has also become the first exchange in Asia to list621 words
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448 2007-07-04 7 RONNIE LIM - It invests $10m for 60% stake in joint venture with Beng Kuang Marine By RONNIE LIM TUAS Power one of the big three power generation companies being divested by Temasek Holdings is further diversifying into waste management to provide a total services package to448 words
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COMPANY BRIEFS
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68 2007-07-04 7 Bloomberg [NEW DELHI] Bharti Enterprises, which controls India's largest company, said its unit has given an option to Singapore-based Temasek Holdings to buy a 4.99 per cent stake in Bharti Airtel. The announcement was made in an emailed statement yesterday. Bharti Enterprises didn'tBloomberg - 68 words
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53 2007-07-04 7 Bloomberg OLAM International, seeking to create the world's No 3 cotton company, said it has acceptances for 59 per cent of Australia's Queensland Cotton Holdings. Olam will extend its offer for Brisbane-based Queensland Cotton until July 17, it said in a statement to theBloomberg - 53 words
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65 2007-07-04 7 CSC Holdings has secured new contracts worth about $60 million, raising its order book to some $387 million. The new contracts include a $54 million subcontracting deal for the Marina Bay integrated resort (IR) project, as well as foundation engineering works and soil investigation65 words
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58 2007-07-04 7 OKP Holdings has won a $4.9 million contract from JTC for civil engineering works at Tuas View. The scope of work includes the final premix surfacing works, works relating to road kerbs and road pavements. The works are expected to start on July58 words
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48 2007-07-04 7 El-NETS Ltd intends to issue up to $20 million in unsecured non-interest-bearing notes due 2012 to Pacific Capital Investment Management. The proceeds from the issue will be used to fund property development projects in Changchun, China, and for working capital purposes.48 words
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504 2007-07-04 7 ARUN JOHN - Medical centre to house 218 beds in six-storey complex By ARUN JOHN A GROUP of medical specialists in Singapore has acquired a strategic interest in Health Management International's (HMI) soon-to-operate medical centre in Johor. Sesdaq-listed HMI, a regional healthcare service and education provider, said504 words
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119 2007-07-04 7 -Reuters BAHRAIN-based investment firm Arcapita Bank plans to list an investment trust in Singapore that may raise around US$3OO million and would comprise its UK-based water utility and wind farm assets, sources said yesterday. Morgan Stanley and DBS Bank are underwriters for the-Reuters - 119 words
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Page 4 Advertisements
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Advertisement261 2007-07-04 4 Freehold Land in Klang Valley located in prime location. Gamuda Land, the property arm of Main Board-listed Gamuda Berhad, is offering commercial opportunities to foreign partners to develop prime commercial land in Kota Kemuning, Shah Alam, and in Bandar Botanic, Klang. Potential strategic partners must have the relevant experience and261 words
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Advertisement104 2007-07-04 4 f I With the increase in Goods Services Tax (GST) from the 5% to 7% from 1 July 2007, we would like to notify that our members are NOT obligated to pay GST for and on behalf of traders and/or importers alike for goods imported into Singapore. Traders and/or importers104 words
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Advertisement273 2007-07-04 5 -X# V| gy rofwn iw/ nuyrwi pt II _j ]|$MN. BWW Opening Addreee Invaetmant Forum* SME Forum K» N li M» Llm HweeH* Cepftal merfcet where It the Road to euooeee IIT VM**! w LI W Mjrfcter of Stale for cepltal flow going? Benefits of reglonei expenelon I^S' l M273 words
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Advertisement1008 2007-07-04 6 CATS NOTICES VBOR/ SINGAPORE WINDSOR HOLDINGS LIMITED (Incorporated in Singapore) Registration No. *****5764Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street, Bth Floor Marsh McLennan Centre, Singapore *****3 on Thursday, 191,008 words
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Advertisement504 2007-07-04 6 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF OUTSOZ.COM PTE LTD (CO.REG.NO. *****6774H) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting of Members of the504 words
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Page 7 Advertisements
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Advertisement20 2007-07-04 7 vV 4jAM r* kli ,-v, T v zp >*." C H 4? ;'m ?.>.[ fti |'.*•'*>: i >< !> .vf i-. C V .■'■•■> :I U20 words
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Advertisement433 2007-07-04 7 HH With a strong focus on brand management and product development, China Angel Food Limited is one of the leading manufacturers and distributors of confectionery and other food products in Guangdong Province, PRC. Our quality products, categorised into three key segments mooncake, pastry, as as snack and other food products433 words
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SINGAPORE MARKETS
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Article, Illustration953 2007-07-04 8 LARRY WEE - CURRENCIES But carry trade plays against the Japanese yen still safe for now LARRY WEE Senior Correspondent SELLING the US dollar across the board has replaced the carry trade as the most popular play in currency markets at the start of the second953 words
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Article, Illustration908 2007-07-04 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Unth P?wn VP Down yn<h Multi Ind 7 4 7 0 4 7 Manufacturing 109 66 52 23 18 14 132 84 66 Commerce 40 19 23 U 4 8 52 23 31 Tpt/Stor/Comms 25 10 9 2 0 1 27 10908 words
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Article, Illustration786 2007-07-04 8 UMA SHAHKARI - Compiled by UMA SHAHKARI Asiatravel.com July 3 cIom: $0.67 MERRILL LYNCH, July 2 A VIRTUAL pan-Asian hotel: Asiatravel is as good as a hotel owner less the hassle of actually running one. The company hotel reservation portal can draw on an inventory from over 50,000 hotels throughout Asia, and786 words
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Article, Illustration532 2007-07-04 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent MOMENTUM was the name of the game yesterday, this time benefiting construction stocks as sentiment was buoyed by an overnight recovery on Wall Street that spilled over to the region and sent the Hong Kong market soaring532 words
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SINGAPORE NEWS
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Article, Illustration455 2007-07-04 9 PROPERTY owners continue to ride on the buoyant market by offering their sites for development. The latest attempts at collective sales are at Meng Garden Apartments off Killiney Road and Villa delle Rose just off Holland Road. Superßowl Holdings' vacant site455 words
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464 2007-07-04 9 KALPANA RASHIWALA - It plans to build 270-room business hotel on 99-year leasehold plot Reports by KALPANA RASHIWALA BUSINESSMAN Chng Gim Huat of CGH Group has emerged as the top bidder for a hotel site near Amara Hotel, with an offer worth $97.07464 words
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Article, Illustration390 2007-07-04 9 MORE than three decades ago, Yokogawa CEO Isao Uchida, then only a young project leader, helped his company scour the globe for a production base. "After investigating several countries, I arrived at Singapore, and I instinctively and also logically decided to recommendSTEPHANIE YEOW THE STRAITS TIMES - 390 words
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430 2007-07-04 9 CHEN HUIFEN - Reports by CHEN HUIFEN MINISTER Mentor Lee Kuan Yew has urged Japanese companies to use Singapore as their global expansion partner, rather than just as a base for cheaper manufacturing. "I hope Japanese companies will go beyond seeing Singapore as a430 words
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248 2007-07-04 9 RONNIE LIM - By RONNIE LIM US-OWNED Island Power is getting the wheels rolling again on its long-derailed $1 billion power station project on Jurong Island. It issued a notice-to-proceed yesterday to its contractors, activating a turnkey EPC (engineering, procurement and construction) contract for the248 words
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Page 9 Advertisements
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Advertisement142 2007-07-04 9 If you are facing any of the following: V, You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll142 words
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Advertisement729 2007-07-04 9 MPL (I) LIMITED (Incorporated in Mauritius) Roderick John Sutton of Ferrier Hodgson and Ghanshyam Hurry of Moore Stephens (Mauritius), in their capacity as Joint Liquidators or MPL (I) Limited (Incorporated in Mauritius) (the "Company") seek expressions of interest in the assets of the Company. The Company is the ultimate holding729 words
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ECONOMY WATCH
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661 2007-07-04 10 Reuters [TOKYO] Naoyuki Shinohara, Japan's newly appointed top financial diplomat, is known as a pragmatist who does not mince words, but little is known about his views on foreign exchange, one of the most crucial parts of his job. Mr Shinohara will replace Hiroshi– Reuters - 661 words
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Article, Illustration743 2007-07-04 10 It could cause large swings in economic activity and inflation [TOKYO] Keeping Japan's interest rates unchanged for too long could hurt economic growth in the world's second-largest economy, two central bank board members said. Failing to raise rates soon "could cause largeAFP - 743 words
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397 2007-07-04 10 Reuters [BKIJING] China will keep tightening monetary policy to prevent the economy from overheating but will not ditch its long-standing policy of gradual yuan appreciation, the central bank said yesterday. "China should appropriately tighten monetary policy amid stability," the People's Bank of China– Reuters - 397 words
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578 2007-07-04 10 G-10 nations oppose moves by G-4 to draft accord by itself -AFP. Bloomberg [TOKYO] The WTO's Group of Ten (G-10) food-import-ing countries, including Japan, have called for wider participation in the stalled Doha Round of trade liberalisation talks on agricultural issues, a-AFP.; Bloomberg - 578 words
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Article, Illustration300 2007-07-04 10 Reuters [MUMBAI] Optimism about the Indian economy is warranted although as an emerging economy, it has to be wary of a number of risks, and there are signs of some slowing in credit growth, India's central bank governor said. "ThereReuters; AFP - 300 words
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MALAYSIA/INDONESIA
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Article, Illustration596 2007-07-04 11 PAULINE NG - MALAYSIA INSIGHT Measures to liberalise the sector have driven up property prices PAULINE NG KL Correspondent THE supply of luxury condominiums and service residences in the Kuala Lumpur city centre and surrounding suburbs is set to more than double over the next596 words
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306 2007-07-04 11 Move aimed to ensure supply for local steel industry Reuters [JAKARTA] Indonesia is considering imposing an export tax on iron ore to curb exports and ensure supplies for the local steel industry, a senior industry official said yesterday. The export tax willReuters - 306 words
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235 2007-07-04 11 AFP [KUALA LUMPUR] Malaysia and Syria plan to explore the possibility of a free trade agreement (FTA) as the two countries strive to expand trade and investment ties. Malaysia's Trade Minister Rafidah Aziz said such an FTA would be Syria's first with an AsianAFP - 235 words
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Article, Illustration297 2007-07-04 11 AFP [KUALA LUMPUR] Air quality in regions of Malaysia edged towards unhealthy levels and visibility worsened due to smog from forest fires in neighbouring Indonesia, a senior meteorological official said on Monday. Lim Sze Fook, director of environmental studies at the MeteorologicalAFP - 297 words
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198 2007-07-04 11 AP [KUALA LUMPUR] Rising temperatures are expected to have a huge impact on people's health in the AsiaPacific region, causing more of everything from food poisoning to malaria, scientists said on Monday. Delegates at a conference here painted a bleak future for theAP - 198 words
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301 2007-07-04 11 -AFP [KUALA LUMPUR] Shares of Transmile were higher yesterday, recovering from early falls as trade resumed one day after the troubled air cargo firm wrote down its financial results for the last two years. The well-connected company had to restate previously announced net-AFP - 301 words
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Article2479 2007-07-04 11 VOl Ml Ml W- (-QW) ASM Realty -2.79 0.13 101 Abfk Bhd 0.31- unch 65 Advance Synergy 0.34 0.02 580 Adventa Bhd 1.63 0.13 2992 Ae Multi Hldgs 0.32 unch 209 Affin Holdings .2.51 0.02 2848 Ahmad Zaki Resou 3.42 0.06 198 AicCofp 0.57 -0.01 75 Airasia Bhd2,479 words
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GREATER CHINA
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Article, Illustration434 2007-07-04 12 China Mobile leads blue chips up 1.7%; KWG performs below expectations Reuters [HONG KONG] Hong Kong blue chips hit a record yesterday, buoyed by strong gains on Wall Street and Shanghai, and fuelled by high hopes for an influx ofReuters; AFP - 434 words
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157 2007-07-04 12 Bloomberg [HONG KONG] Shares of Chinese Estates Holdings Ltd, a Hong Kong developer controlled by the family of billionaire Joseph Lau, have been suspended in Hong Kong after a newspaper report said the company may be acquired. The Children's Investment Fund Management Ltd– Bloomberg - 157 words
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258 2007-07-04 12 Move part of plans for shareholding reform in the sector AFP [BEIJING] China will allow outside investment, including that by foreign investors, in its defence sector, state media reported yesterday, as the 1 country seeks to invigorate the long-protect-ed industry. Firms producingAFP - 258 words
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158 2007-07-04 12 Reuters [TAIPEI] Taiwan's new state-run pension fund will be allowed to invest about 15 per cent of its money in local stocks, the chairman of a newly launched committee to oversee investments said on Monday. The committee has also decided to let– Reuters - 158 words
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488 2007-07-04 12 Bloomberg [HONG KONG] Shares of Aluminum Corp of China Ltd, the nation's largest producer of the metal, rose to records in Hong Kong and Shanghai after it agreed to buy Baotou Aluminum Co for 14.7 billion yuan (552.9 billion) in stock. TheBloomberg - 488 words
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Article, Illustration322 2007-07-04 12 -Xin hua [BEIJING] The profit growth of China's textile industry is not as sanguine as it looks because textile firms have been making more money out of investments than out of their core business, industrial analysts have claimed. Wang Qianjin, a senior industrial-Xin hua; REUTERS - 322 words
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613 2007-07-04 12 Several consumers post complaints on Internet; company denies claims Xinhua [BEIJING] A consumer in Beijing has sued a leading Chinese honey maker, saying it has mixed poppy flower content in its bee pollen and other nutritional products. The Xicheng District People's CourtXinhua - 613 words
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Advertisement12 2007-07-04 12 URBAN YOUR GUIDE TO LOOKING GOOD w Jl m I i aft12 words
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INDIA
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Article, Illustration552 2007-07-04 13 US$90b plan for ports, airports, industrial centres along Delhi-Mumbai corridor proposed Bloomberg, Reuters [NEW DELHI] Japan will partly finance India's US$9O billion plan to build ports, airports, roads and set up new industrial centres along the New Del-hi-Mumbai freight railroad, Japan's Economy andBloomberg,; Reuters; AFP - 552 words
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578 2007-07-04 13 Bloomberg [NEW DELHI] Spice Communications Ltd, the Indian mobile phone unit of Telekom Malaysia Bhd, raised 5.2 billion rupees (*****.5 million) in an initial public offering (IPO) as investors tapped a market where subscribers almost doubled last year. Each of the 113.1Bloomberg - 578 words
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495 2007-07-04 13 SIDDHARTH SRIVASTAVA - Exports, domestic markets may grow by 20% and 25% By By SIDDHARTH SRIVASTAVA in New Delhi DESPITE rising wages and an appreciating rupee, India's technology and outsourcing revenues should hit the US$5O billion mark by March 2008, the industry body National Association of495 words
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332 2007-07-04 13 Reuters [LONDON] The draft of an article penned by Indian independence leader Mohandas Karamchand Gandhi days before his 1948 assassination has been withdrawn from auction and will be sold to the Indian government, Christie's auctioneers said on Monday. The article, due toReuters - 332 words
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Page 13 Advertisements
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Advertisement250 2007-07-04 13 Diners Club Card r a **/»<«#64i6 0980 A World of Exclusive Privileges Treats Diners Club I iMEWMP www.Jmers.com.sg International > r 8r i■*i v i. •'-j% '£c£ V: V W f- x- Jjgm g 'A: Lr.i f it -V.> Mm HC L ',v- :^lj- f- C-* t S& AUSTRALIA'S Top250 words
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MIDDLE EAST
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Article, Illustration255 2007-07-04 14 Reuters [NEW YORK] Krispy Kreme Doughnuts' top shareholder has taken an even bigger bite of the company, according to a series of new regulatory filings. Mohamed Abdulmohsin A 1 Kharafi Sons, the Kuwaiti investment company that controls Krispy Kreme's Middle East franchise through theReuters; AP - 255 words
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360 2007-07-04 14 Oil-rich UAE emirate could issue a bond soon to help finance US$100b projects Bloomberg [ABU DHABI] Abu Dhabi, the largest sheikhdom in the United Arab Emirates and owner of the world's fifth-biggest oil reserves, may borrow for the first time to help finance US$lOOBloomberg - 360 words
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Article5145 2007-07-04 14 UNIT TRUSTS FUNDS A8 A "*< "icon* A USD 15V nm imm ni Wm we >C0 F-drtuSlauAsuu®'" SB* 'ttvlSCO Oui yiliiilt DiV WtR#MM*IWOA IC34V UOB IMMI Ota 8a* IAD ItWHHV Gewllei* noyww W tsilPKJ AB Amet income B USD 15V OWS »WBt TO Run if. f UR W»1V4/ '2 0TO5,145 words
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Page 14 Advertisements
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Advertisement63 2007-07-04 14 Allianz Global Investors one of the world's largest aśet managers with more than US$1.2 trillion assets under management as at 31 December 2006. jfljifiA GAIN FROM OUR PERSPECTIVE jjgM MEET DR MOBIUS Tell us about your "Best Investment Experience with Franklin Terapleton" and you could be on your way FRANKLIN63 words
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ASIA PACIFIC
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589 2007-07-04 15 CHUANG PECK MING - Only M'sia, S'pore saw more Japanese firms increasing profits last year By CHUANG PECK MING SINGAPORE and Malaysia were the only two Asian countries where more Japanese manufacturers were making money last year, according to a poll by the Japan External Trade Organisation (Jetro).589 words
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Article, Illustration589 2007-07-04 15 TERROR THREAT -AF [PARIS] Al-Qaeda's influence is spreading across Europe and experts said there is a growing threat of rogue cells of sympathisers carrying out attacks like those tried in London and Glasgow. "The terrorist threat exists and is very strong in Europe. The Jihadist-AF; AP - 589 words
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557 2007-07-04 15 Reuters [LONDON] The alleged role of Arab and Indian doctors in what British authorities are calling an al Qae-da-linked plot marks a contrast with recent conspiracies led by homegrown radicals, often with modest academic backgrounds. Experts said the differences underline the impossibilityReuters - 557 words
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539 2007-07-04 15 Aircraft orders drop 22.6% after falling 11% in April Bloomberg [WASHINGTON] Orders placed with American factories fell less than forecast in May as demand for computers, electronics and fuel helped make up for a decline in aircraft bookings, a government report showed.Bloomberg - 539 words
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262 2007-07-04 15 Reuters [BANGKOK] Thailand's telecommunications regulator said yesterday that it expected to issue long-await-ed licences for the third-generation (3G) mobile services by the end of this year. The regulator has hired a team of experts to draft qualification criteria for licences, which shouldReuters - 262 words
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494 2007-07-04 15 Macquarie pays A$1b to buy out remaining SCB shares, then sells A$480m in assets to Fairfax Reuters [SYDNEY] Fairfax Media and Macquarie Media Group yesterday agreed to carve up TV and radio station owner Southern Cross Broadcasting (Australia) Ltd between them,Reuters - 494 words
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WORLD
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399 2007-07-04 16 The US$680m acquisition is expected to close in third quarter Bloomberg [NEW YORK] To better adapt to the electronic trading trend, Citigroup is buying Automated Trading Desk (ATD) for about US$6BO million in cash and stock. The Citi Markets Banking unit's acquisition– Bloomberg - 399 words
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Article, Illustration238 2007-07-04 16 OBITUARY NYT [NEW YORK] Beverly Sills, the acclaimed Brook-lyn-born coloratura soprano who was more popular with the American public than any opera singer since Enrico Caruso, even among people who never set foot in an opera house, died on Monday night at herNYT; AP - 238 words
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Article, Illustration95 2007-07-04 16 -AP A train driver holding a placard that reads "This service is on strike" looks out of his train at the train station in Essen, Germany yesterday. A strike by train drivers and other railway employees caused major disruption across the country yesterday morning. The national railway-AP; AP - 95 words
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193 2007-07-04 16 Bloomberg [BERLIN] SAP, the world's largest maker of business-management software, said it made "inappropriate" downloads of Oracle code, responding to a lawsuit that claims the German company stole programs from its competitor. "We regret very much that this occurred," SAP chief executive officer Henning Kagermann saidBloomberg - 193 words
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316 2007-07-04 16 Bloomberg [SAN FRANCISCO] Apple initial' iPhone sales may have beat analysts' top projections, suggesting chief executive officer Steve Jobs will reach his goal of making mobile phones as profitable to the company as computers and the iPod. Shoppers may have bought as– Bloomberg - 316 words
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295 2007-07-04 16 It will offer price incentives to entice listings during incubation phase Reuters [NEW YORK] Nasdaq Stock Market is launching a new market for buying and selling of exchange-traded funds to attract new ETF listings. ETFs are derivative products that resemble index-based mutual funds– Reuters - 295 words
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Article, Illustration533 2007-07-04 16 Reuters, Bloomberg [PARIS] Danone is in exclusive talks to sell its biscuit and cereal unit to the world's biggest cookie maker, Kraft Foods, the food groups said yesterday. Kraft Foods offered 5.3 billion euros (Ssll billion) for Groupe Danone's LU– Reuters,; Bloomberg; AP - 533 words
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133 2007-07-04 16 Bloomberg [NEW YORK] Bank of New York completed its US$lB.3 billion acquisition of rival Mellon Financial, creating the world's biggest custodian of investor assets. Shares of Bank of New York Mellon started trading on the New York Stock Exchange on Monday under the– Bloomberg - 133 words
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Advertisement15 2007-07-04 16 nn^n Lianhe Zaobao H icon® I I Bugis Point I lif ;(£ls&lcoii,\ I I I15 words
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MOTORING
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702 2007-07-04 17 SAMUEL EE - Parallel imports chip away, along with fewer COEs By SAMUEL EE A JUMP in the sales of parallel imports and, to a lesser extent, a dip in the number of COEs, have conspired to push down the first-half volume of the top702 words
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Article, Illustration483 2007-07-04 17 SAMUEL EE - Waterfront Plaza showroom will bring it closer to customers By SAMUEL EE A "WHOLE new era of Maserati in Singapore" will begin with the opening of a new city centre showroom later this month, says Hong Seh Motors. The distributor of theYEN MENG JUN - 483 words
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Page 17 Advertisements
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Advertisement32 2007-07-04 17 Among V'A "Compared with HI 2006 3^ BIRD'S EYE VIEW OF TENDERJOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. :»ATC! >3J> I NOTICES32 words
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Advertisement514 2007-07-04 17 Made a loss^^B noRC hyw^2r°J ■Hryoiir talk workui Sorry I don't fOP ¥fHif 1 set«JrtVou« ■W* ]m MV $jg n U p these professional development A workshops Always at the losins end of negotiations? Having problems conveying your message across to people around you? Here is a chance to learn514 words
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AVIATION
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Article, Illustration552 2007-07-04 18 VEN SREENIVASAN - It will also set up third regional base, after S'pore and Melbourne, in 2008 By VEN SREENIVASAN TIGER Airways yesterday starting selling tickets between Singapore and India yesterday, a year after the budget airline first announced it had obtained rights to operate to six552 words
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313 2007-07-04 18 Bloomberg [ATLANTA] Continental Airlines Inc and its pilots agreed to start early contract talks this year, speeding up discussions that otherwise would not have begun until April. The fourth-largest US carrier and the Air Line Pilots Association (Alpa) held the first ofBloomberg - 313 words
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143 2007-07-04 18 Bloomberg [HONG KONG] China Airlines and EVA Airways Corp, Taiwan's two largest carriers, will increase fuel surcharges on overseas flights by 17 per cent starting July 16, because of a rise in the price of jet fuel, the transport ministry said. Taiwan-based airlines willBloomberg - 143 words
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733 2007-07-04 18 Our Correspondent - Buy out our shares or return our aircraft, it tells its low-cost subsidiary By Our Correspondent in Bangkok THE management of Thai Airways International Pic has decided to take tough action to bring into line its allegedly intractable subsidiary, Nok Air, giving the733 words
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488 2007-07-04 18 Bloomberg [BANGKOK] Thai Airways International PCL, the country's biggest airline, filled fewer seats last month than a year earlier as street protests in Bangkok against the mil-itary-appointed government deterred overseas visitors. The airline's passenger load factor, or the proportion of seatsBloomberg - 488 words
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Article2462 2007-07-04 18 CITY FLIGHT HA FLIGHT ITP Mililli LM9771 1750 9W40t2 2230 SQ268 1750 AF8088 2230 9W4081 1820 BA7382 2230 Af8067 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SQ269 2345 Mnaiidii SQ530 1930 L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL8372,462 words
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Page 18 Miscellaneous
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Miscellaneous239 2007-07-04 18 CRYPTIC CROSSWORD ACROSS 1 Land alternative for this vehi--28 Soaring right over a fortified 8 Colonize around a place in, location for troops (8) say, Washington (7) 29 Desmond, looking back, nev- 11 Even with scores in a mess, yesterday's solution er accepted being ridiculed obtain the outline plans (9)239 words
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SHIPPING
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449 2007-07-04 19 Reuters [LONDON] The world's leading crude oil freight routes from the Gulf were close to their lows for this year on Monday but analysts said the freight market was not on the brink of collapse. Industry sources also said there was noReuters - 449 words
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Article, Illustration619 2007-07-04 19 DONALD URQUHART - Container lines' ordering spree comes as freight rates are recovering By DONALD URQUHART A RENEWED ordering binge by container lines has seen as much tonnage ordered in the last six months as the whole of 2006. But the record orderbook calls intoFILE PHOTO - 619 words
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736 2007-07-04 19 DAVID HUGHES - STRAIT TALK By DAVID HUGHES OW to make money by owning LPG carriers is the main motive for buying and reading a new report by UK-based Ocean Shipping Consultants (OSC). For the shipowner and potential shipowner readers of this column, this comprehensive report736 words
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241 2007-07-04 19 Bernama [KUALA LUMPUR] Oil and gas services provider SapuraCrest Petroleum Bhd will invest up to Asso million (Ss6s million) to increase its deepwater-capable re-mote-operated vehicles from nine to 15. Executive vice-chair-man Shahril Shamsuddin yesterday said the move was to cater for the rapid growth ofBernama - 241 words
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Article334 2007-07-04 19 SGX '000 Jut 3 a W- VM ChOfhhom 676 -0 02 1729 Chuan Hup Mlidgi £43 -0 01 S47S CostoCorp JJ* 0 2* ***** Cwt Limited 105 0.01 1372 ltraHld®_ 4.00 0.45 1138 freight Unto 0.1J unch ***** Grand tanks unch unth 0 Java Hold Ltd 1 «7334 words
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244 2007-07-04 19 Bloomberg [DUBAI] DP World, the world's third-biggest container port operator, listed U553.25 billion of conventional and Islamic bonds on the Dubai International Financial Exchange yesterday. DP World, owned by the government of Dubai, sold US$l.5 billion of 6.25 per cent, 10-year– Bloomberg - 244 words
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Page 19 Advertisements
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Advertisement84 2007-07-04 19 I'"SHIPOWNERS M|*K International Ship Registries (ISR) provides fast efficient service for registration licensing of w ships under various flags. International Ship Classification (IS Class) is an independent organization providing classification services for newbuildings existing vessels as well as statutory surveys certification on behalf of flag states. > Recognised by more84 words
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EDITORIAL & OPINION
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467 2007-07-04 20 EDITORIAL WHEN the idea of having a listed regulator was first proposed, many in the market were sceptical that the inherent conflict of interest between pursuing commercial goals and governing the market could be satisfactorily resolved. Some seven years later, little has occurred to dispel467 words
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Article, Illustration884 2007-07-04 20 SHADA ISLAM - He is headed for battle over France's finances and faces tension over Turkey's membership SHADA ISLAM Brussels Correspondent OLLOWING in the footsteps of German Chancellor Angela Merkel is no easy task. But the challenge has been picked up unusually eagerly by Portugal'sAFP - 884 words
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Article, Illustration776 2007-07-04 20 FRANK CHING - THE BOTTOM LINE FRANK CHING CHINA and the US have closed ranks in opposing the latest antic by Taiwan leader Chen Shui-bian: to hold a referendum to see if the people of the island agree that it should apply to join776 words
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Article, Illustration1069 2007-07-04 21 FREDERICK KEMPE - African countries benefiting from big investments from China would do well to reject its undemocratic and opaque economic model By FREDERICK KEMPE Bloomberg NE cannot escape the relentless Chinese economic invaggf sion of Africa even here in the South African bush, where business and politicalBloomberg; AP - 1,069 words
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Article, Illustration828 2007-07-04 21 ROBERT SAMUELSON - A multitude of regulations in the form of laws, court decisions and lawyer interpretations threaten the First Amendment ROBERT SAMUELSON The Washington Post Writers Group he Fourth of July is an apt moment to reflect upon one of the great under-reported stories of our– The Washington Post Writers Group - 828 words
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Article12488 2007-07-04 22 SGX MAINBOARD Transaction date: Jul 3 52-wks Tel Last Vol Day Last Quote Div GrVId Not M Cap High Low Code Company Sale *1- C000) High Cow B uyer idler Cvr P'E Sfflll 3.5 2 5716 1st Software 2 susp 8 4 205 6 3148 8Telecom. 19 unch12,488 words
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Page 22 Advertisements
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Advertisement8 2007-07-04 22 /jUDEMARSPIGUET Le maitre de I'horlogerie depuis 1875 jki8 words
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Article5840 2007-07-04 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la total am In SI inUSS tkdy %y dy dy iul 2 Indm Changa Omni Oianya Chang* Chang* Wnxi trxse* Prennay I'jij OJ 74 04 |1 OJ U »EAfE Preliminary 11 92.7 mi 7.7 0,1 8.7 M Europe Preliminary 161' 6 02 795,840 words
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Advertisement20 2007-07-04 23 HPhi 11 i pCapital Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) YOUf PSftnOf In FiftSllCO20 words
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Advertisement1504 2007-07-04 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT BRIGHT MORNING INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral1,504 words
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Advertisement707 2007-07-04 24 Iwiwasu RORQ wmema YBsa/vor ramped hbghum) wg kch u» sw jkt STRAITS SUCCESS 21 10 3.2 12/07 17/07 STMfIS VENTURE 04 5.3 3.2 19/07 22/07 24/07 I AUSTtAUAW toto sarvm vtssa/voY rampqct) hbghtw m i sm i mi std m ux ere POSITTVE LEADER /Dll 100MT S.O 14-16/06 30 30/06707 words
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Advertisement1733 2007-07-04 25 WAN HAI INTERNATIONAL PTE LTD CR MO; 1******0000/R VTrA uuu M 1... Tib*****5M (HIJNES) FAX:*****163 \\M N WAN HA I I INF\ Service/Bookings Direct Une (1800) *****200 V llflll llnl klllkl# HQ. IB: (03) 334MW FAX: (03) *****2K PINIIL (04) *****00 MX; (*****9M99 Y JON 1H: (07) *****23 NUfc (**********1,733 words
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Advertisement1248 2007-07-04 25 rgn EASTERN CAR LINER, LTD |V I I SPECIALIZE IN ROUP fc HEAVY LIFT UPTO 450 TOHS~~] voy »—»<irn sg m pnn jkt ikk to 1 LILAC Ag 53 30 04/07 05/07 EWtIAPPA 144 M M/ 07 ot/07 11/07 ORIENT HIS 90 35 SO 07/07 10/07 MEKIION ACE 3? 301,248 words
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Advertisement163 2007-07-04 25 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI Ivtssa I VOYAGE HA SINGAPORE ETAKARACi~| OtiTRAL 04SHW 20-21.07.2007 30-01.07.2007 SEA-PAC MANAGEMENT PTE. LTD. 70 Anton Rood #10-06/08 Apax Tow*, Singapore *****5 lJ|J| ItliphoM! 6270 0977 VII FactimiU: 6275 2309 Mm KS ***** SIAPAC DIRECT SIN NAMPO, P.P.R. KOREA VESSEL163 words
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Advertisement718 2007-07-04 25 m soass« WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEL VOY SIN 1 P IOAIIC COLOMBO N SHEV* COLOMBO Mumasui oiias slm ml u lm imil ami am iu ilm lliw urn u HOT* PtHUWW YPHO6t 19 JUL OMIT OMIT 27 JUL 31 JUL718 words
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THE BUSINESS TIMES SHIPPING TIMES
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6671 2007-07-04 26 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 11/07 15/08 Delmas ELISA DELMA5 727W *****344 19/07 21/08 Delmas DELMAS KERGUELEN 728W *****344 19(07 24/08 Delmas DELMAS KERGUELEN 728W *****344 25/07 29/08 Delmas NALA6,671 words
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Page 26 Advertisements
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Advertisement546 2007-07-04 26 I VESSEL VOY PKL SIN KHI DXB BAB PMM BIK KHO IRAN SATTARI PCLB2O4 03/07 04/07 13/07 16/07 17/07 23/07 25/07 27/07 IRAN TABATABAEI PCLB2O6 06/07 07/07 16/07 19/07 20/07 26/07 28/07 30/07 IRAN BAABAEI PCLB2O7 16/07 17/07 26/07 29/07 30/07 05/08 07/08 09/08 I VESSEL VOY SIN NHS BNP546 words
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Advertisement555 2007-07-04 26 VESSEL VOT PGU VESSEL VOY SM JUT AUUUAYA2 9190N 05/07 04/07 PAt HNTAN 9404 11/07 13/07 PAC lANDA 707SN 04/07 7/07 Mt UNTAX 9*07 11/07 71/07 ALAMJAYA 7 9191N 07/07 00/07 PA( UNTAX 9401 77/07 I PACOANOA ?O?9X 07/07 07/07 PAC UNTAX 9409 01/00 03/00 VKSfI VOY m QUI VBSa555 words
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Advertisement357 2007-07-04 26 Itsi GLORY NAVIGATION GROUpI I SINCE 1970 I I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: B KAOHSIUNG A CHINESE PORTS, HONG KONG I TO* FROM I I SOUTHEAST ASIA J SINGAPORE357 words
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EXECUTIVE MONEY
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Article, Illustration551 2007-07-04 28 Mark Mobius favours Brazil and S Africa while Jim Rogers likes China Bloomberg ARK Mobius, who oversees US$3O billion at Templeton Asset Management, m m R stoc ks in Poll wIM m land, Hungary and other eastern European markets have become expensive and there is– Bloomberg - 551 words
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1024 2007-07-04 28 MICHAEL R SESIT - By MICHAEL R SESIT Bloomberg DEVELOPING country stock markets have been such a rewarding investment in the past four years that investors have to be wondering when it will all end. That's especially so given the extent to which these markets– Bloomberg - 1,024 words
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Article, Illustration1146 2007-07-04 29 CLEMEN CHIANG - Investing in property requires capital and time but the rewards can be substantial MONEY MATTERS CLEMEN CHIANG INGAPORE'S property market is booming, with activity centred in districts 4, 9,10, 11 and 15. And I believe there is a lot more upside yet. Why? For1,146 words
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Article, Illustration1050 2007-07-04 30 GENEVIEVE CUA - Socially responsible investing has caught on in a big way among Asia's high-net-worth. GENEVIEVE CUA reports GENEVIEVE CUA OCIALLY responsible investing (SRI) and philanthropy are fast gaining a foothold in Asia, based on the recently released global wealth survey by Jkf Merrill Lynch and Capgemini. TheAFP - 1,050 words
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595 2007-07-04 30 GENEVIEVE CUA - Holdings to range from power generation, energy efficiency to agro-business, water resources By GENEVIEVE CUA SCHRODERS yesterday launched Singapore's first retail fund with global climate change as its theme. The fund, which was introduced in Hong Kong last month, is being rolled out in595 words
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Advertisement797 2007-07-04 28 Interest Amount linked to the share price W performance Shares these Singapore Exchange Limited Singapore Press Holdings Limited Wt m JM^ Capita Land Limited ~ffl iT 9 I v A ,^/'< y6l6|^^4^X>'%^'^lf- s *&sz\''r+ :,^4~" -/I *"i jrV $|p (per penocc rrovn 29 "V %■> ■•M&k*s^2SlS® -,y"'Der">nitoatk>n3:; Coupon up to797 words
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Page 29 Advertisements
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Advertisement528 2007-07-04 29 Raffles 3* Joseph's Town Club J j*/ Institution /Hmb No. 3 13A ROBIN ROAD X/T a S'Xfl'PO" Chnw. B&gfrrt u I AntH-o— i WKBr Site Area (approximate): Bounic H M m Plot A: 991.9 sqm G i S, Plot B: 1,354.5 sqm 5 /UU Tenure Freehold SITE Master Plan 2003528 words
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Advertisement316 2007-07-04 29 ive^ fc fOTnia Nanyang Business School Haas Schocl of Usincss v'.S/'. v < J v > v•' >'v:X 0& :v >v ':f}-*"'-.'. v- Merchants of ancient days relied on the Silk Road for East-West trade. These days, there's a faster way to boost business. B 83 mj v r9 JSK.'yfe^BilMMypW316 words
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Advertisement12 2007-07-04 30 v^r. i IliiPi I; ft VP ■■I H 11 v T fI12 words
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