The Business Times, 11 July 2007

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Total Pages: 40
1 40 The Business Times
  • 20 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents online at http://biJsiness-time&asial.com.sg MICA (P) 202/12/2006 Wednesday, July 11,2007
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  • 548 1  -  By VINCENT WEE (SINGAPORE] Being in the right place at the right time and having the right set of skills is paying off big time for financial services professionals. As companies jostle for back and middle-office professionals, salary levels have risen by an
    548 words
  • 135 1 sn 3,***** (-6.40) ST INDEX FUTURES 3,623.00 (-7.00) siMsa ***** (-1.26) SIMSa FUTURES 446.60 (-2.30) MARKETS Tuesday Change KLCOMP 1,371.45 -7.24 NIKKEI 225 18,252.67 -9.31 HANG SENG 22,885.84 +68.41 SET INDEX 858.45 +14.26 JAKARTA COMP 2,282.38 +11.04 MANILA COMP 3,720.% -23.09 SEOUL COMP 1,894.53 +10.94 SHENZHEN B 686.29
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  • 675 1  -  Construction sector swells almost 18%; muted impact from weak electronics sector By ANNA TEO [SINGAPORE] Flash estimates of Singapore's sec-ond-quarter economic growth have brought out the superlatives including the B-word, "boom" from economists. The 8.2 per cent GDP outperformance surprised not only
    Source: MD  -  675 words
  • Page 1 Advertisements
    • 222 1 NEWS ANALYSIS I region if SIA sells stake EXEC MONEY Ibrm plans with cashback Benefit or opportunity cost? PAGE 40 MOTORING pj^Pßjgffip A BIGGER FOOTHOLD SUZHOU INDUSTRIAL PARK Building Suzhou's Silicon Valley PAGE 10 Ideal city for work and play PAGE 11 BT ONLINE BT print subscribers get free access
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    • 3 1 11l 8 *****1"*****4
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  • TOP STORIES
    • 825 2  -  NEWS ANALYSIS By VEN SREENIVASAN C"H INGAPORE Airlines' exit from Virgin Atlantic could open the gates for Richard Branson to exI* pand aggressively into the Asia-Pacific region. This is because under the terms of its 49 per cent ***0 shareholding in
      825 words
    • 523 2  -  Project highlights its drive to increase presence in regional markets By ARTHUR SIM [SINGAPORE] Keppel Land will embark on a joint venture to develop a residential township on a 509 hectare site north-east of Ho Chi Minh City (HCMC) in
      523 words
    • 583 2  -  By ANNA TEO [SINGAPORE] Singapore is still among the best for government effectiveness and regulatory quality, but is just middle of the pack for civil liberties. The Republic has again been ranked among the world's best-run 16 or so countries, scoring in
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    • 72 2 OUR Company Briefs report on June 21 said that Ml's capital reduction exercise is the reason for the rise in Temasek's proportional stake from 17 per cent last August to 18 per cent currently. This is incorrect. Ml said that the change in the percentage level is the result
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    • 512 3  -  DPM Jayakumar urges them not to overlook markets nearer home: Asean By NANDE KHIN [SINGAPORE] Singapore's top companies are powering ahead on the muscle of their external wings, with the overseas revenues of the top 100 globalised Singapore companies growing more than
      ARTHUR LEE  -  512 words
    • 583 3  -  By LYNETTE KHOO [SINGAPORE] In a move to chart new growth and steer the Suzhou Industrial Park (SIP) into a high-tech, high value-added economy, Singapore and China yesterday agreed on new 10-year targets and to embark on new areas of cooperation, now that
      583 words
    • 512 2 Overseas revenues of top S'pore firms surge 56% OVERSEAS revenues of Singapore's top companies rose 56 per cent to more than $144 billion last year, led by Neptune Orient Lines with a record $11.4 billion, followed by Jardine Cycle Carriage and Singapore Telecommunications. But even as Singapore companies
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 236 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 5,700 sq
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  • COMPANY NEWS
    • 439 4  -  It pays A$14.5m for NSW operator Toronto Bus Services By SAMUEL EE COMFORTDELGRO, already New South Wales' largest private public bus operator, is paying A 514.5 million (5518.9 million) for another bus and coach operator in the Australian state. ComfortDelGro Corp yesterday announced that through
      439 words
    • 357 4  -  By ARUN JOHN PROPERTY developer Soilbuild Group Holdings is set to issue $60 million worth of convertible bonds aimed at tapping the bullish market sentiment. The company expects strong investor interest to facilitate the long-term expansion of its capital base and support its future
      357 words
    • 349 4  -  It partners China's largest residential developer in bid to increase portfolio By UMA SHANKARI CAPITALAND has signed a cooperative agreement with China Vanke, China's largest residential developer, in a move that will increase the Singapore property giant's potential pipeline of retail mall assets
      349 words
    • 439 4  -  5 floors of Shatin building will boost warehouse space By MICHELLE QUAH MAPLETREE Logistics Trust (Maple Log) is looking to tap on Hong Kong's recent spate of high growth by adding a property in the Special Administrative Region to its portfolio. It will
      439 words
    • 661 4  -  HOCK LOCK SIEW By CHOW PENN NEE AFTER two years of anaemic loans growth, banks are having it good again. The property market boom has boosted their loan books, especially in housing loans and loans to the building and construction sector. What they face
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    • 546 7  -  CEO says company will continue to look for acquisitions By JAMIE LEE JUST a small blip in ApexPal International's expansion plan that is how chief executive officer Douglas Foo described the tussle with Thai Village major shareholders over a soured buy-out
      FILE PHOTO  -  546 words
    • 315 7 Reuters [JAKARTA] Indonesia's largest mobile phone firm, PT Telekomunikasi Selular (Telkomsel), had 42.8 million customers by the end of the first half, topping its full year target of 42 million, president director Kiskenda Suriahardja said. The company, which is jointly
      Reuters; AFP  -  315 words
    • 153 7 Bloomberg MACQUARIE International Infrastructure Fund Ltd, an investor in utility projects, plans to buy 20 per cent of Taiwan Broadband Communications Co for US$l7B million to tap Asia's third-largest cable television market. Macquarie International, which manages Asss billion (5571.7 billion) for Sydney-based Macquarie Bank Group,
      Bloomberg  -  153 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 1594 5 BT ADVERTORIAL Turning the spotlight on disposals While mergers and acquisitions grab the headlines, the business of selling is often overlooked. KPMG advises that advance preparation and conducting due diligence on the disposal process can maximise value for sellers. N the frenetic and high-profile are- have been stable in the
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  • Page 6 Advertisements
    • 1602 6 CATS NOTICES TAT HONG B TAT HONG HOLDINGS LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) Company Registration No. *****5392H NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Shareholders of TAT HONG HOLDINGS LTD (the "Company") will be held at 18 Sungei Kadut Avenue Singapore *****9 on Monday,
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    • 2694 6 o JK TECHNOLOGY GROUP LIMITED (Registration No: *****0338 M) (Incorporated in the Republic of Singapore) U\ M.UM J.l JHI'IIHid JIUsMHI ABM NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of JK Technology Group Limited ("the Company") will be held at Amara Hotel, Connection 2, Level 3,165 Tanjong Pagar
      2,694 words
    • 356 6 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF IMAJE (SINGAPORE) LTD Co Reg No *****0899 M (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting of
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  • Page 7 Advertisements
    • 219 7 If you are facing any of the following: 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 payroll staff
      219 words

  • SINGAPORE MARKETS
    • 949 8  -  CURRENCIES LARRY WEE Senior Correspondent T SEEMS that even good news cannot help lift the US dollar these days. Perversely, it may even have had the opposite effect over the past couple of sessions. After the Asian close last Friday, we learnt that the US
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    • Article, Illustration
      932 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Undi Up Pown Undi 1 Multi Ind 6 4 0 0' 0 <14 Manufacturing 56 113 59 17 20 18 73 133 77 Commerce 22 33 26 5 16 5 27 49 31 Tpt/Stor/Comrm 22 11 11 0 2
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    • Article, Illustration
      708 8  -  Compiled by UMA SHANKARI Chartered Semiconductor July 10 close: 551.32 Goldman Sachs, July 5 WE EXPECT Chartered Semiconductor to report improving utilisation, but muted revenue growth and average selling price (ASP) erosion in Q3 2007, as weak demand for AMD SOI and 65 nm bulk silicon wafers offset
      Source: Bloomberg  -  708 words
    • 516 8  -  STOCKS R SIVANITHY Senior Correspondent AFTER Monday's exertions, it would perhaps have been too much to expect the local stock market to continue along the same lines, so yesterday's softening was perhaps to be expected. As it turned out, the fate of
      516 words

  • COMPANY NEWS
    • 344 9 In first convertible bond sale, it aims to raise as much as 2.3 billion yuan Bloomberg PINE Agritech Ltd, a Singa-pore-listed producer of soy-bean-based products, plans to sell convertible bonds for the first time as it expands production. The company hired Zu-rich-based ÜBS AG to
      Bloomberg; FILE PHOTO  -  344 words
    • 223 9 CONTINUING strong demand in the offshore oil-and-gas sector has netted integrated offshore support and marine services provider Ezra Holdings eight new charter contracts worth a total of US$69 million. Ezra said it will charter five anchor handling, towing and supply vessels (AHTS) and three anchor
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    • COMPANY BRIEFS
      • 74 9 FINANCIAL One Corp says the public offer tranche of its IPO comprising 11.25 million shares was 15.8 times subscribed, at an offer price of US$O.75 per share, at the close of the offer on Monday. And it had indications of interest of 1.3 times for
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      • 116 9 SPH Search Pte Ltd, a joint venture between local media giant Singapore Press Holdings (SPH) and Norwegian media group Schibsted ASA, has launched a nation-wide project to collect business data of all companies in Singapore, SPH said yesterday. The initial data collection process will
        116 words
      • 80 9 Reuters EPURE International, a Chinese wastewater and water treatment firm, said yesterday that it plans to raise up to $66 million by selling new shares. Epure will issue up to 30 million new shares at an indicative price range of $2.16 to
        Reuters  -  80 words
      • 95 9 FOOD Junction announced that its wholly owned subsidiary, Food Junction International, is disposing of its entire 60 per cent share in Anhui Food Junction (F&B) Co Ltd, a joint-venture company in Anhui, China. The venture, which operates the Hefei Food Junction food
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      • 52 9 RAFFLES Education Corporation has proposed a private placement of up to 48 million new shares at a price not exceeding $2.43 for each share. The net proceeds of $115.4 million will be used to retire various loan facilities and for the group's future business
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      • 71 9 WANXIANG International, a China-based manufacturer of natural and synthetic flavours and fragrances, is looking to list on the mainboard of the Singapore Exchange. The company has launched its initial public offering of 92 million shares (including 66.78 million new shares) at 29 cents each. Wanxiang intends
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      • 39 9 ARMARDA Group has proposed a private placement of 43.75 million new shares at 32 cents each to raise net proceeds of about $13.5 million as part of its expansion plans.
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      • 38 9 THE Singapore Exchange (SGX) has approved Yellow Pages' application for a one-month extension of up to August 31 to hold its annual general meeting, for the financial year ended March 31, 2007.
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  • Page 9 Advertisements
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  • SUZHOU INDUSTRIAL PARK
    • 833 10 Faced with a shortage of high-level talent Suzhou works to develop its own by investing in higher education THE number of foreign employers in Suzhou ranks fourth among all Chinese cities. According to the latest figures, the number of foreign executives crossed 22,000 in Suzhou, a
      833 words
    • 837 11 Suzhou looks to a future as a modern, cosmopolitan city by beefing up its service industry to complement the flourishing industrial and business sectors SUZHOU Museum, designed by renowned architect Leoh Ming Pei, is a showpiece of the integration of classical and modern art.
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  • Page 10 Advertisements
    • 823 10 Advertisement of Suzhou Industrial Park Flourishing of Service Industry to Establish SIP as Water Heaven in Suzhou ."sS& Ifefi'fcaH ijjp|jgPj|gjjj^^^^^j^^ y==A Modern Commercial Logistics Radiating to g Joint Development for Mutual Benefits r) Center, New Recreation Whole China, New Finan©|g SctO and Tourism Heaven cial Plateau in Jiangsu Hosted by:
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  • Page 11 Advertisements
    • 1260 11 Advertisement of Suzhou Industrial Park Writton by ang Mr. Rong Wang, member of the party logistics enterprises; and CPC Standing Committee of all kinds of office buildings Jiangsu Province and Secretary located in CBD are clustered of the CPC Suchou Municipal various outsource service enterCommittee, pointed out that prises, the
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  • Page 12 Advertisements
    • 159 12 lte&> w?£#' "*'sssr 2G CAPITAL PTE LTD > CONGRATIMtIONS 2G Capital Pte Ltd congratulates Mr Ivan Lee, of Thai Express on being awarded the Singapore Youth Award for EntreAeneurship 2007. The Singapore Youth Award is the highest youth accolade in Singapore. It confers upon youths in Singapore who have significantly
      159 words

  • SINGAPORE NEWS
    • 481 13  -  IT services needed for IR hotels, other entertainment sites By JAMIE LEE TATA Consultancy Services (TCS), Asia's biggest IT services company, said yesterday it was in talks with casino developers to provide IT services to the two integrated resort (IR) projects here which
      481 words
    • 586 13  -  IE FORUM Funding to prepare execs for overseas markets like China, India, Mid-East By NANDE KHIN SINGAPORE-BASED companies with overseas aspirations will now find it easier to develop knowledge and expertise in the markets they are eyeing. In conjunction with
      586 words
    • 777 13  - Rajah Tann wants to be leading firm in Asia That's ex-judicial commissioner Sundaresh Menon's vision as he returns to private practice at the law firm, reports WEE LI-EN WEE LI-EN mmm ORMER judicial commissioner Sundaresh Menon wants to %mm see local law firm Rajah Tann (R&T) become a leading firm
      ARTHUR LEE  -  777 words
    • 557 13  -  By LYNETTE KHOO A BOOMING economy and a tight labour market are causing a talent squeeze here, particularly in the banking sector where some players are beefing up training for their staff in 6rder to retain them and help them
      557 words
    • 267 13  -  By NISHA RAMCHANDANI A STAGGERING majority of Singapore companies were not gearing their marketing strategies towards the elderly, a survey has found. The survey by Spire Research and Consulting Pte Ltd covered 100 leading companies operating in 11 Asia-Pacific countries.
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  • Page 13 Advertisements
    • 51 13 I ft I*®ft. I B Lianhe Zaobao I I Sale of I I China's I I state-held shares I I attracts I I more than I I 80b yuan I I every I I year I I I I QOO&fZ I I ARfB J MMiT i iirr i lrrfni J
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  • ECONOMY WATCH
    • 568 14 Bloomberg [WASHINGTON] US home sales will drop this year to their lowest level since the start of the five-year housing boom in 2001 as mortgage rates and foreclosures increase, according to a forecast by mortgage buyer Freddie Mac. Sales of
      Bloomberg  -  568 words
    • 539 14 New record high, busting analysts' forecast of US$24b, seen fuelling demands for yuan revaluation Reuters [BEIJING] China posted a record trade surplus of U5526.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's
      Reuters  -  539 words
    • 266 14 Bloomberg [BRUSSELS] Former French finance minister Dominique Strauss-Kahn won broad European Union (EU) backing to become the next head of the International Monetary Fund (IMF), while Poland proposed a rival candidate. EU finance ministers will press on with the search for a new IMF
      Bloomberg; AFP  -  266 words
    • 241 14 Reuters [WASHINGTON] With the US economy creating jobs at a steady pace, the Federal Reserve will need several months of softer price gains and evidence wages are not picking up before its anxiety about inflation subsides. US non-farm employers added
      Reuters  -  241 words
  • Page 14 Advertisements
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    • 92 14 N J Merchant Road, #01-04 Riverside Point www. riverside. com. sg ours 12noon 3pm 5.30 11 pm Oreator Value For Motwy Quantity of food served will increase with the number of diners per table Prices subject to 10% service charge and 5% GST w Promotion valid for lunch and dinner
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  • MALAYSIA
    • 502 15 Bloomberg [KUALA LUMPUR] Alliance Bank Malaysia Bhd, with RM6.57 billion (552.45 billion) of cash on its balance sheet, may return funds to investors after hiring BNP Paribas SA to assess its capital needs. The bank, the closely held main division of Malaysian Plantations
      Bloomberg; BLOOMBERG  -  502 words
    • 450 15  -  Current approach can end up with 51% of subsidiaries in unintended hands By PAULINE NG in Kuala Lumpur MALAYSIA should waive the 30 per cent bumiputra equity requirement for companies whose parent has already complied with the condition, suggested the Malaysian International
      450 words
    • 344 15 Payback mechanism in RM200b of govt spending: minister Bloomb erg [KUALA LUMPUR] Malaysia plans to maintain a budget deficit for the rest of the decade as the government spends RM2OO billion (SsBB billion) on development projects. "Given Malaysia's growth
      Bloomb erg  -  344 words
    • 255 15 Xinhua [KUALA LUMPUR] Malaysia is to become a hub for oil trading, futures and securitisation involving Islamic oil-structured financial derivatives in East Asia after a US$7 billion Trans-Pe-ninsular Oil Pipeline (TransPen) project kicks off, local media reported yesterday. With its storage
      Xinhua  -  255 words
    • 2466 15 VOL Jul 10 KM W- COOP) AIM Realty 3.20 unch 26 Abfic Bhd 0.32 unch 72 Advance Synergy 0.34 0.01 1198 Adventa Bhd 1.80 -0.06 806 Ae Multi Hldgs 0.33 0.01 147 Affin Holdings .2.56 -0.01 1491 Ahmad Zaki Resou 4.00 -0.12 301 Aic Corp 0.57 unch 25
      2,466 words
  • Page 15 Advertisements
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      160 words

  • INDIA
    • 328 16 It says minister's order to renegotiate contract will hit company's business Reuters [NEW DELHI] Employees of state-owned Indian telecoms firm Bharat Sanchar Nigam Ltd (BSNL) said they will go on a nationwide strike from today to protest against a delay in finalising
      Reuters  -  328 words
    • 138 16 Reuters [BANGALORE] India's Bharti Airtel Ltd is set to sign a three-year, US$l.5 billion network outsourcing deal with Sweden's Ericsson, the Economic Times said yesterday, citing unnamed sources. Ericsson will be entrusted with design, planning, supply, installation, commissioning and upgrading of Bharti Airtel
      Reuters  -  138 words
    • 208 16 Reuters [NEW DELHI] India's Supreme Court on Monday ruled that overseas firms would not have to pay tax in India on global income earned from their transactions with their captive back-office units if the deals were done at market prices. In a case
      Reuters  -  208 words
    • 8633 16 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Em"" 1154/ Star Europe Bond 1,171/ Star Europe Sal 1 284/ Star Asian Tiger Eqty 1 614/ Star Asia Bono 1.31/ Star Asia Balanced 1142/ Star Global Technology Fundi** 0237/ Multi St Fd 1 002/ Star Asia BondiUSD) 0.862/ Gib
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  • Page 16 Advertisements
    • 65 16 Allianz Global Investors one of the world's largest asset managers with more than US$1.2 trilion assets under management as at 31 December 2006. GAIN FROM OUR PERSPECTIVE |PM MEET DR MOBIUS jm Tell us about your "Best Investment Experience with Franklin Templeton" and you could be on your way FRANKLIN
      65 words

  • GREATER CHINA
    • 185 17 Xinhua [BEIJING] China's fast-ex-panding Internet population will drive a 32 per cent surge in online spending this year, according to a survey released by the Bei-jing-based Data Centre of China Internet (DCCI) on Monday. Total online spending by Chinese Internet users is expected to
      Xinhua  -  185 words
    • 616 17 Failure to carry out duties damaged interests of the state and people: court Reu ters [BEIJING] China executed a former drug and food safety chief yesterday for corruption in an unusually swift sentence which will serve as a warning amid a series
      Reu ters; AP  -  616 words
    • 684 17 Travelling time to and from Shanghai will be halved to two hours Reuters [NlNGßO, China] The US$l.5 billion, S-shaped bridge that will link Ningbo and Shanghai is graceful testimony to the huge sums that China is investing in infrastructure to keep raising the
      Reuters; AP  -  684 words
    • 402 17 Reuters [HONG KONG] Hong Kong stocks hit their sixth straight record yesterday, with China plays jumping 1.5 per cent as mainland lenders surged on bullish earnings guidance from ICBC and China Merchants Bank. Blue chips rose 0.3 per cent as Chinese lenders
      Reuters  -  402 words
    • 306 17 Bloomberg [TAIPEI] Cathay Financial Holding Co, Taiwan's biggest financial services company by assets, had a 10fold increase in sec-ond-quarter profit as its bank unit benefited from fewer credit card defaults. Net income at the Tai-pei-based company, which owns Taiwan's largest life
      Bloomberg  -  306 words
  • Page 17 Advertisements
    • 119 17 The Latest Products, Services and Technology show opening times Tuesday Visit Asia's Premier International JHPjWednesday 11 July 10:00 17:30 Traffic and Land Transport Exhibition Thursday 12 July 10:00 17:30 See exhibitors showcasing the latest equipment 9 11 July Summit for highways and railways Gain Insights from Senior-Level Transport Officials Speakers.
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  • MIDDLE EAST
    • 402 18 El-Baradei repeats call for the US to speak directly with Iran over stand-off AP [VIENNA] Iran has scaled back its uranium enrichment programme, the head of the UN atomic agency said, suggesting a new willingness from the government to resolve the international stand-off over
      AP  -  402 words
    • 281 18 Bloomberg [LONDON] Landmark Group, a privately held Dubai-based retailer, may increase its holding in New Look Group pic to more than 15 per cent from 4 per cent after a sale of the UK women's fashion chain collapsed last week. "Our intention is
      Bloomberg  -  281 words
  • Page 18 Advertisements
    • 314 18 IVSMU SINGAPORE MANAGEMENT UNIVERSITY "SMU's MPA programme provides degree holders a unique opportunity to pursue a graduate programme and obtain professional recognition at the same time. I encourage you to be a part of this exciting profession with tremendous growth potential in Singapore and beyond." Tan Boen Eng President, Institute
      314 words
    • 1054 18 i I KING WAN CORPORATION LIMITED (Incorporated in Singapore) (Company Registration No. *****1034R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of KING WAN CORPORATION LIMITED (the 'Company*) will be held at the Board Room, 8 Sungei Kadut Loop, Singapore *****5 on Friday,
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  • ASIA PACIFIC/WORLD
    • 496 19 CURRENCY WOES An estimated 1.5t yen flowed into investment trusts last month Reuters [TOKYO] Japanese investors are pouring money into foreign stocks, putting more downward pressure on an already weak yen. Japan's economic revival has spurred individual investors to look for alternatives to the
      Reuters  -  496 words
    • 363 19 Bloomb erg [BANGKOK] Bank of Thailand governor Tarisa Watanagase urged Thai exporters to refrain from accelerating dollar sales because the move has further strengthened the baht. Rising purchases of stocks by overseas investors have helped push up the baht, Ms Tarisa told
      Bloomb erg  -  363 words
    • 393 19 Reuters, AP [ISLAMABAD] Pakistani forces stormed a mosque compound yesterday, killing about 50 militants, as they fought their way through an Islamic school where they believed a rebel cleric was hiding with women and children hostages. Militants mounted a last stand in
      Reuters,; AP  -  393 words
    • 311 19 LATEST US DATA Re uters [WASHINGTON] Inventories of unsold goods at US wholesalers rose 0.5 per cent in May, boosted by a buildup in a range of goods including cars, metals and electrical supplies, government data showed yesterday. At the same time, separate data
      Re uters  -  311 words
    • 546 19 AP [BANGKOK] Thailand's Supreme Court yesterday agreed to hear a corruption case against ousted prime minister Thaksin Shinawatra and his wife in a multi-million-dollar land deal, and ordered the couple to appear before the panel next month. It was the first case for
      AP  -  546 words
  • Page 19 Advertisements
    • 1144 19 CATS NOTICES PENTON INTERNATIONAL LTD (Compmy ftofliiti jUoh Mumbr M0t)t)3011C Infflfporatxl iw tfi# RtpuMk of SiHflHEOft) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of Penton International Ltd ("the Company*) will be held at 20 Maxwell Road, *02-02 Maxwell House, Singapore *****3 on
      1,144 words

  • WORLD
    • 699 20 They will control more than 95% of futures and options on interest rates Bloomberg [NEW YORK] CBOT Holdings shareholders approved the US$ll.3 billion merger agreement with Chicago Mercantile Exchange Holdings, ending a three-month battle to create the world's largest futures exchange. "They've approved it,"
      Bloomberg; AP  -  699 words
    • 267 20 AP [NEW YORK] General Electric and Hitachi on Monday launched a joint nuclear business to capitalise on rising demand for electricity and increasing concerns about carbon dioxide emissions from coal-fired plants. John Krenicki, president and chief executive of GE Energy,
      AP  -  267 words
    • 442 20 Reu ters [BOSTON] More new US hedge funds were launched during the first half of 2007 than during the same time a year ago, suggesting demand for these loosely regulated portfolios is high even as returns look less robust. Data compiled by
      Reu ters  -  442 words
  • Page 20 Advertisements
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  • SINGAPORE INTERNATIONAL 100
    • 1005 21 S-E Asia remains the largest source of overseas revenue, generating $32.7b for this year's SI 100 companies AN increasing number of Singapore companies are graduating into the league of multinational corporations. This year's Singapore International 100 ranking exercise saw the top 100 companies chalking up
      BLOOMBERG; FILE PHOTO.  -  1,005 words
    • 927 22  -  Disciplined approach towards cost mitigation and expenditure streamlining pays off, reports CHARMIAN KOK CHARMIAN KOK LIKE all companies in the global container transportation industry, Singapore's national flag carrier Neptune Orient Lines (NOL) has not been having it easy over the past year or so. But even
      927 words
    • 955 22  -  By LIN ZHAOWEI WHEN one mentions Fraser and Neave (F&N), Tiger Beer and F&N canned soft drinks usually come to mind. However, some may not know that the 124-year-old, Singapore mainboard-listed conglomerate is also an international player in the property, publishing and printing sectors,
      955 words
    • 825 23  -  The group says its integrated business model and strategic locations will help it maintain its edge, reports misharamchamdami NISHA RAMCHANDANI LOCALLY-BASED Wilmar International Ltd was founded in 1991 as a palm oil trading company but is already one of Asia's leading agribusiness groups
      825 words
    • 869 24  -  It says integration of different organisations will be a tough task, writes Jamie Lee JAMIE LEE COMMODITIES firm Olam has been shopping for acquisitions, but now faces the challenge of integrating them for a good corporate fit. As it embarks on M&A for the
      BLOOMBERG  -  869 words
    • 763 26 Among this year's SI 100 winners, 15 are not listed and 9 per cent have no more than 25 employees SMALLER Singapore companies and start-ups are increasingly among those venturing abroad to capture a bigger slice of the action. This encouraging trend can be observed
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  • Page 21 Advertisements
    • 87 21 M ?i>*\ I m uk iv* v "*^^*V^l»^ v :..'-r v »>"/l^s I >™ > >»" i^gj^B Supplement coordinator Oh Boon Ping Sub-editor P K Suresh Artists: Gareth Chung, Jacqueline Phua, Jason Leong U I The distinction between the I Mm I extraordinary and the good. I 4 HSBC Commercial
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  • Page 22 Advertisements
    • 45 22 We deliver on our Promises t I r,. ■yfiDi LAMUHlif^^^^F -a; %to -Ssic ■^SaE.Js'■ 'vaK.■ vf^^,-4m^^*; Serving you at over 150 ports in the Far East, China, Southeast Asia, Australasia, Indian Sub-continent, Middle East, Red Sea, Africa, Europe, Canada South America. Mil m W www.pilship.com ■>
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  • Page 23 Advertisements
    • 583 23 Different businesses often H share the same ambition. H v Achieving excellence. At HSBC Commercial Banking, we value the uniqueness of every business. At the same time, we know that two clearly diverse companies can have common goals. Like gaining recognition, for one. It is our in-depth knowledge of details
      583 words

  • Page 24 Advertisements
    • 26 24 4* UAL I >Um^JMMKI^BB^U^R !r"' HB I I 3 i B. j iHKmc^..,.. fl& tli alii i^^^^BßßHfTgrT^liEjSHßijiißßßiißlßMl^B a ■..-Q'^^-r^^^>u-ri jjKrfjr" t ■|jtic-^^^MB*3^^s^s3flM||^^^^^^^^^^^H •3§ffiSslfe|l 'Irarafi v jJwBnnnHHHIHHHBMKiHRBMBI
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  • Page 25 Advertisements
    • 1020 25 THE SINGAPORE INTERNATIONAL 100 RANKING 1 NEPTUNE ORIENT LINES LIMITED 26 WBL CORPORATION LIMITED 51 TONG TEIK PTE LTD 76 ST AVIATION SERVICES CO PTE LTD 2 JARDINE CYCLE CARRIAGE LIMITED 27 WANT WANT HOLDINGS LTD 52 RADUGA PTE LTD 77 SP CHEMICALS LTD 3 SINGAPORE TELECOMMUNICATIONS LIMITED 28 COMFORTDELGRO
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  • Page 26 Advertisements
    • 200 26 fas ***v -1 V ia jf, 'V I*: r 'Y l J> r. illiillli EXCELPOINT TECHNOLOGY LTD IS PROUD TO BE RANKED AMONG THE BEST IN THE 'SINGAPORE INTERNATIONAL 100' Wm/ ;*•>: Excelpoint Technology Ltd is one of the region's established electronics component distributors and an emerging industry player in
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  • Page 27 Advertisements
    • 79 27 CATS NOTICES y i,' :.<V ;;i,. > I *TJ§>.»* M it'/ >1. ft. *i? C > 4', wlwir; .-Mm *•„<• y. Jtfs-pgwpMS ,-r > -L- §j L. v ,«J }■9 ,> S'- *2* r V* X 5-.. ".v.. I Ifijl !M v -i tw. '*'4 c 5 ,1 rv P'
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    • 1476 27 TUNG LOK RESTAURANTS (2000) LTD JT (Co. Reg. No. *****5703N) f (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 7th Annual General Meeting of TUNG LOK RESTAURANTS (2000) LTD will be held at Orchard Parade Hotel, 1 Tanglin Road, Level 2,
      1,476 words
    • 2276 27 KHONG GUAN FLOUR MILLING LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Khong Guan Flour Milling Limited (the "Company") will be held at 2 MacTaggart Road, Level 3, Singapore *****8 on 26 July 2007 at 10
      2,276 words

  • AVIATION
    • 640 28 Orders increase six-fold to 680 planes, compared with Boeing's 544 Bloomberg [LONDON] Airbus SAS, the world's largest planemaker, posted a six-fold increase in first-half aircraft orders, allowing the company to pull ahead of Boeing in new contracts for the first time in
      Bloomberg; AFP  -  640 words
    • 334 28 Bigger fleet to cater to US-EU 'open skies' expansion Bloomberg [LONDON] BMI, the third-biggest airline in the United Kingdom, plans to buy 10 Airbus SAS aircraft valued at US$75O million to expand as the "open skies" agreement between the United States and
      Bloomberg  -  334 words
    • 195 28 Bloomberg [SEATTLE] China Southern Airlines Co, the country's biggest carrier, plans to buy 45 narrow-body airliners from Boeing Co and Airbus SAS valued at as much as US$3.6 billion. The two separate agreements call for the purchase of 25 737-800s from Boeing and
      Bloomberg  -  195 words
    • 297 28 Reuters [ANKARA] A consortium of Malaysia Airports Holdings, India's GMR Infrastructure and Turkey's Limak clinched the rights to Istanbul's second airport on Monday with a 1.9 billion euro (553.94 billion) bid. The winning bid which does not include 18 per cent value
      Reuters  -  297 words
    • 270 28 Bloomberg [NEW YORK] US airlines may be forced to more than triple payments to US$624 for passengers involuntarily bumped from flights as the carriers fly fuller planes. The boost is among hve options under study, the US Transportation Department said
      Bloomberg  -  270 words
    • 2442 28 CITY RJCHT ITA HUHT ITD MM LH9771 1750 tW<082 2230 S0268 1750 AF8088 2230 9W4081 1820 BA7382 2230 AF8067 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SQ269 2345 MMMfcM SQ530 1900 own. I- L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L*****
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  • Page 28 Miscellaneous
    • 329 28 CRYPTIC CROSSWORD I Growing ability to provide v 4 H amounts 9 Cunning is needed in any LJ— —LaJ Hi" breakdown of law and orII Title arranged for a 12 Cricket side before test be- 13*" ing judged (2,5) I I I I I I I I I I I
      329 words

  • SHIPPING
    • 655 29  -  STRAIT TALK By DAVID HUGHES Environmental issues now set the agenda for the shipping industry to an extent that would have been unimaginable a decade or so ago. Perhaps many in the industry would like to see a period of stability where regulations
      655 words
    • 463 29  -  Construction of the US$180m facility in Buenaventura will begin in November By DONALD URQUHART [SINGAPORE] Only a few years after dire finances forced International Container Terminal Services (ICTS) to sell off much of its overseas terminal network, the Philippine-based operator has been steadily
      463 words
    • 86 29 Reu ters [COPENHAGEN] Danish shipping and oil group AP Moeller-Maersk unit Svitzer Far East and its partner Wilhelmsen Offshore Chartering have sold their jointly-owned Express Offshore Transport company to Australian bank Macquarie, the companies said yesterday. Details of the transaction were not disclosed.
      Reu ters  -  86 words
    • 295 29 SGX 000 tmH» g W- Md Ch Offshore .0.45 -0.01 490 Chuan Hup Hldgs 0.32 unch 519 CoscoCorp 2.33 0 04 5023 Cwt Limited 0 60 unch 48 Ezra Hldgs 4.12 0 10 451 Freight Links 0.08 0 01 ***** Grand Banks unch unch 0 Java Hold Ltd
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  • Page 29 Advertisements
    • 233 29 TUVALU SHIP REGISTRY 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with lACS members 6. No restriction on nationality of ownership «r»t B .rt^ y r»rtifir^tp U i a nce f 7. Tuvalu Is a party to STCWI9B7 convention statutory certificates n amended/and is a country in the
      233 words

  • EDITORIAL & OPINION
    • 516 30 EDITORIAL AS we pass the tenth anniversary of the 1997 Asian financial crisis, Asian asset markets are booming, and the mood around the region is buoyant. It is a sobering thought that a similar mood was prevalent on the eve of the Asian
      516 words
    • 764 30  -  THE BOTTOM LINE FRANK CHING THE Vatican, through a pastoral letter from Pope Benedict XVI to the 12 million Catholics in China, has called for reconciliation between the so-called "patriotic" church, which operates independently from the Holy See, and the underground church,
      764 words
    • 893 30  -  Excessive liquidity may spur treasury managers to take inappropriate risks to boost returns ANDY MUKHERJEE Bloomberg SURFEIT of liquidity has turned even conservative central banks in Asia into yield hogs. The chinese g° vern ment invested $3 billion in buyout firm Blackstone Group LP
      Bloomberg; AFP  -  893 words
    • 1483 31  -  The evolving roles of tax administrators in today's globalised society and what they mean for multinational corporations By By YEO KAI ENG and RUSSELL AUBREY Jf ITH the rapid m P ace gl°balim m M SSt-^ t n tra J? M ders associated M mm business
      REUTERS  -  1,483 words
    • 784 31  -  It might be good for society to get over its stubborn bias towards 'gut instinct' which trumps dry logic, dull evidence and mere facts By DAVID P BARASH LAT-WP HERE'S a paradox: Science is our best way of deciphering the complexities of the natural
      LAT-WP; REUTERS  -  784 words


  • 11749 32 SGX MAINBOARD 52-wks Tel Last Vol Day last Quota Oiv GrVtd Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller Cw fit Smll 3.5 2 5716 1st Software 2 susp 84 22 6 3148 8Telecofn 205 0? 1371 21 20 20.5 21 47 0.8
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  • Page 32 Advertisements

  • 6515 33 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to toad an In SS I* USS dy y» tfy %yr X dy %yr Kil 9 Inden Change C'\*r>q» Change Omwb» Ch«n9<i *tortd<nitn Preliminary H97.7 W 83 03 93 01 10.7 S fAff Preliminary Till 4 0% 94 05 104 05 11.4 Eurcipv
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  • Page 33 Advertisements
    • 68 33 POEMS Pro Trader Key Features: 15SS| 5v3H Monitor your real time Intraday Profit A Loss I jji&jlfff I ■1 Ability to place advanced order types like UuluHyiuLccfl |sr~ sj* I £f"T¥ Stop Limit and Contingent Orders \L- Pre-opening/closing price and volume calculation Usl| 11 1 I H PhillipCapital »,.i <d~-MaisM
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  • Page 34 Advertisements
    • 1472 34 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.EJS.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT BRIGHT MORNING INC/BSN ASEAN GLORY DBI/ABU/DOH/BRN/DAM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
      1,472 words
    • 682 34 Imwbaha toto service vßsa/vor mwii hbghtuw m kch lo sw jkt STRAITS SUCCESS 21 10 3.2 12/07 17/07 STRAITS VENTURE 04 5.3 JJ 19/07 22/07 24/07 IAUtIRAUAN RORO SMVICS 1 VBSR/VOT RAMPffI) HBGHTWQ I LO I SW I HI SYD ma Ad FRE DRESDEN /U5 100MT 5.0 30-30/04 02-02/07 14-14/07
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  • Page 35 Advertisements
    • 1708 35 WAN HAI INTERNATIONAL PTC LTD 01 NO: **********0/R UIIU im m:*****5M (14UNES) FAX:*****163 V\M4 > WAN HA I lINFn Customer Servke/BoolungjDired Line (1800) *****200 V V Tvnll llnl HO. 1H: (03) 334UUSHU: (03)*****211 FBI IB: (04) Z*****0 MX: (04)2»tMf V" JOH IB: (07) 2518*23 FAX: (07)*****21 Si*lH; (031) *****75 HUb
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    • 1248 35 YmT\ EASTERN car liner, ltd uL™L--1 I SPEQAUZE IN RORO L HEAVY LIFT UFTO 450 TONS vor B—ydcn sih phi pnn jut ikk lo ORIENT IRIS 90 35 SO 07/07 10/07 MERLIOW ACE J9 11/07 13/07 ESTRELLA ETERNA 146 60 IS/07 11/07 NOZOMI ]j SO ***** ~m— I ESTRELLA ETERNA
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    • 161 35 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVKE FROM S'PORE TO KARACHI VESSEL 1 VOYAGE ETA SINGAPORE ETAKARAOTI CHITUL 045HW 20-21.07.2007 30-01.07.2007 GmniAfat: SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood *10-06/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 Facsimile: 6275 2309 X|| Telex: RS ***** SCAPAC DIRECT SIN NAMPO, D.P.R. KOREA VESSEL VOYAGE
      161 words
    • 730 35 m S<3aS&« WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEL VOY Sl* PKUWG COLOMBO N SHfVA COLOMBO mm 01 iw 10 jul mm hjul ibjul 22jui kotapahlawa* yphom hjui omit (M oi 2LM HOWHAHM 0064W 24 JUL 2SJUL 28 JUL 01 AUG OS AUG
      730 words

  • The Business Times Shipping times
    • 6455 36 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 19/07 21/08 Delmas DEIMAS KERGUELEN 728W *****344 19/07 25/06 Delmas DELMAS KERGUELEN 728W *****344 25/07 29/08 Delmas NALA DELMAS 729W *****344 05/08 09/09 Delmas VERONIQUE
      6,455 words
  • Page 36 Advertisements
    • 519 36 I VESSEL VOY PKL SIN KHI DXB BAB PMM BIK KHO IRAN TABATABAEI PCLB2O6 14/07 15/07 24/07 27/07 28/07 03/08 03/08 07/08 IRAN BAABAEI PCLB2O7 22/07 23/07 01/08 04/08 05/08 11/08 13/08 15/08 IRAN SATTARI PCLB2OB 31/07 01/08 10/08 13/08 14/08 20/08 22/08 24/08 I VESSEL VOY SIN NHS BND
      519 words
    • 528 36 Vtssa VOY SIN JKT FACIANPA 2MOS/7031N 10/07 10/07 PACIMTAN MO4 11/07 U/07 PACIANOA *****/2032N 11/07 12/07 PACHNTAW MOT 11/07 >1/07 MAMMIA2 *****/9193 M 11/07 11/07 PACHNTAN 9404 2S/07 >7/07 AIAMMYA i *****/9194N 12/07 13/07 PACKMAN 9409 01/00 I' 03/01 VKsa vor SM m m SB! M EH PACRUPAT PROMO 09/07
      528 words
    • 350 36 Iffe 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 a REGULAR WEEKLY SERVICES: a IKAOHSIUNG A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA J SMGAPORE HIAP
      350 words


  • MOTORING
    • 682 38  -  Sales of Honda MPV in first 6 months hit 1,926, against the Toyota MPV's 1,866 By SAMUEL EE THE Honda Stream has shot past the hitherto best-selling Toyota Wish to become the top parallel import model, as grey importers hit a record high
      682 words
    • 553 38  -  By SAMUEL EE CHEVROLET is continuing its expansion into the higher end of the market with the Epica mid-sized saloon! In March, Chevy launched the Captiva, a seven-seat sports utility vehicle (SUV) with a 2.4-litre engine and all wheel drive. Before the Captiva's
      553 words
  • Page 38 Advertisements

  • EXECUTIVE MONEY
    • 1143 39  -  Even after a foreign funds-led surge, the SET index is still the cheapest equity index in Asia, and economic prospects are bright MONEY MATTERS MICHAEL PREISS I T the old airport in Bangkok there was a sign that read: "Welcome to the Land of
      REUTERS  -  1,143 words
    • 847 39  -  By MICHAEL SESIT Bloomberg LOOKING for a strategy for the maturing stages of the five-year-old bull market? Think big, as in stocks with large market values. Want to profit from a weak dollar? Big US multinationals offer opportunities. Concerned about rising risk aversion,
      Bloomberg  -  847 words
    • 884 40  -  Some insurers will now repay policy premiums at the end of the term, but is that "cashback" a benefit or an opportunity cost, GENEVIEVE CUA asks GENEVIEVE CUA VER the last couple of years, the vs. price of pure pro- tection insurance has fallen signifi- cantly, making
      884 words
    • Keep the faith to reap returns
      • 14 40 Fund managers say to stay invested in emerging markets as the story remains compelling
        14 words
    • 572 40  -  By GENEVIEVE CUA DEUTSCHE Bank has launched an equity fund that replicates a long/short equity strategy, but without the hedge fund label. The fund, CROCI Alpha Pairs Sectors Fund, is available for individual investors with at least U552,500. What distinguishes the fund is its
      572 words
  • Page 39 Advertisements
    • 52 39 HIWT various plot sizes Business park zoning Annual rent scheme or upfront land premium scheme Promixity to expo, EXPO MRT station and Singapore I Jffl P H I ,J| Changi Airport For more information, please contact Ms Sim Ling at 6883 3280 or call our Contact Centre Hotline at 1800
      52 words
    • 306 39 Invest in the new ABN AMRO Zero Emerging Markets Certificates ABN AMRO Indonesia Index Strike Participation zeoCert ABN AMRO Middle East Index Certificates. z^ce* ABN AMRO Philippines Index Zero Cert ABN AMRO Pakistan Index If you want to be successful in the world of Zero Cert investment, adaptability is key.
      306 words

  • Page 40 Advertisements
    • 173 40 The global name in FX U9HH| 1 Choose a world leader for a professional FX trading service. We offer tight spreads on (fie OQQ CIIO HRHII all major FX pairs and a huge range ofexotics, plus CFDs on shares, indices and more. ||^M' Spreads from 2 pips on leading currency
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