The Business Times, 8 June 2005

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Microfilm: NL26283
Total Pages: 30
1 30 The Business Times
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  • TOP STORIES
    • Article
      Lock icon CityDev scores another residential coup
      504 2  -  Two-thirds of 910-unit Kitchener Road project sold in two months By KALPANA RASHIWALA [SINGAPOREI City Developments has quietly sold twothirds of its massive 910unit condominium development at Kitchener Road in just two months. Since early April, it has sold 615 of the 650 units it
      504 words
    • Article, Illustration
      Lock icon London aims to overtake Paris in Olympic race
      580 2 Bloomberg [LONDON] The UK government will bolster London's bid to catch Paris and stage the 2012 Summer Games by lobbying members of the International Olympic Committee over the next month. Culture Secretary Tessa Joyvell said. "Our focus for the next 30 days
      Bloomberg; PHOTOS: AFP  -  580 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      640 2 BCA f Danamon pour cold water on merger buzz BANK Central Asia, Indonesia's second largest lender, and Bank Danamon, the fifth largest, yesterday denied reports that they are looking to merge but did not rule out possible tie-ups with other banks if the opportunity arose. There are 133
      640 words
    • Article
      Lock icon Danamon and BCA dismiss merger buzz
      512 3  -  But both Indon banks not ruling out tie-ups if opportunity arises By SHOEB KAGDA in Jakarta BANK Central Asia (BCA), Indonesia's second largest lender, and Bank Danamon, the country's fifth largest bank, yesterday denied reports that they are looking to merge but did not
      512 words
    • Article, Illustration
      Lock icon Temasek may buy stake in Vietnam's Pacific Airlines this month
      430 3  -  By ALEXANDRA HO [SINGAPORE] Temasek Holdings could sign an agreement to buy into Vietnam's Pacific Airlines later this month, according to sources in the airline. Reuters has reported. Temasek's spokeswoman Eva Ho confirmed that the investment company is in discussion
      Source: Temasek Holdings website  -  430 words
    • Article
      Lock icon Australia to weigh benefits of trans-Pacific access to SIA
      228 3 Canberra should consider tourism impact says Aussie treasurer Peter Costello Reuters [CANBERRA] Australia should consider giving Singapore Airlines access to the lucrative Sydney to Los Angeles aviation route if it would increase tourism. Australian Treasurer Peter Costello said yesterday. "If that
      Reuters  -  228 words
    • Article
      Lock icon MARKETS DIGEST
      137 3 sn 2,206.84 (+5.46) ST INDEX FUTURES 2,193.00 (+13.00) siMsa ***** (+0.45) SIMSa FUTURES 259.60 (unch) MARKETS Tuesday Change KLSECOMP 876.92 +4.95 NIKKEI 225 11,217.45 -53.17 HANG SENG 13,***** -2326 SET INDEX 6P.15 +0.15 JAKARTA COMP 1,092.81 -4.02 MANILA COMP 2.003.02 48.02 SEOUL COMP 970.88 -5.21 SHENZHENS ***** -4.13
      137 words
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      286 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account v r- V 1 "<gT v i OWMpJTW"-. r^pWMI —r~ ■ie»ACCA Singapore Annual Conference 2005 ICtonnosted: An Update on Regulations;
      286 words
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      111 3 ■H 500 flights per week 41 destinations 23 countries 1 airport Austrian Airlines, the No. 1 carrier to Central Eastern Europe, connects you via Vienna International Airport Europe's fastest and most comfortable transfer airport to Baku Belgrade Bratislava Budapest Bucharest Chisinau Cluj Dnepropetrovsk Dubrovnik Kharkov Kiev Kosice Krakow Krasnodar Lviv
      111 words
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      2 3 WMBkw&m 5
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Ngu's FirstLink stake falls to 2.6%
      636 4  -  Off-market deal reduces his stake, making him no longer major shareholder By LIZA LIN IN the space of less than a month, Malaysian venture capitalist Ngu Tieng Ung has ceased to be a major shareholder of troubled resource company First Link Investments Corporation. After
      THE STAR  -  636 words
    • Article
      Lock icon Love 'em or hate'em— hedge funds here to stay
      828 4  - Love 'em or hate'em hedge funds here to stay HOCK LOCK SIEW By SIOW LI SEN WARNINGS on hedge funds have been on the increase, with regulators and central bankers weighing in with their usual ambivalent prose: on the one hand, hedge funds are beneficial because they provide liquidity, and
      828 words
    • Article, Illustration
      Lock icon Bt Merah condo site seen going for up to $164m
      433 5  -  PROPERTY Reserve list plot made available for application yesterday By KALPANA RASHIWALA MARKET watchers expect a reserve-list condo site next to Redhill MRT station, made available for application yesterday, to fetch as much as $164 million. This works out to
      433 words
    • Article, Illustration
      Lock icon Mandarin Oriental to manage Chicago hotel
      331 5  -  It will also manage 50 branded residences due to open in 2008 By JOSEPHINE TAY MANDARIN Oriental Hotel Group yesterday announced that it will manage a new 250-room luxury hotel and 50 branded residences which are expected to open in Chicago in early 2008.
      BLOOMBERG  -  331 words
    • Article
      Lock icon Hua Hin shares surge on sale of stake to Haw Par
      266 5 SHARES in Hua Hin Bio-Pharmaceutical Holdings rose by 8.8 per cent on the news that the Hong Kong-based maker of drugs based on Chinese herbal remedies had sold a stake to Singaporean rival Haw Par Corporation as part of
      266 words
    • Article, Illustration
      Lock icon Bio-Treat Tech wins another China deal
      350 6  -  It'll build new water treatment plant modify old one in Lianyungang By JOSEPHINE TAY 810-TREAT Technology has signed a contract to build a wastewater treatment plant for the city of Lianyungang in China's Jiangsu province. The transfer-operate-transfer (TOT) contract comes two months after the
      BLOOMBERG  -  350 words
    • Article, Illustration
      Lock icon Manpower is key to quest to be financial hub
      512 6  -  Several industry initiatives seek to train personnel By NANDE KHIN WITH Singapore aiming to be a regional financial hub. one important building block that cannot be overlooked is manpower. "The challenge faced by the financial industry would be to continue to
      FILE PHOTO  -  512 words
    • Article
      Lock icon HK sofa maker offers 75m shares to raise $14.4m
      249 7  -  By CHLOE CHOY HONGKONG-BASED Man Wah Holdings launches its initial public offering of shares today aimed at raising a net $14.4 million. The mainboard aspirant primarily engaged in the design, manufacture and sale of leather sofas, which are sold under its
      249 words
    • COMPANY BRIEFS
      • Article
        Lock icon Dragon issues 4m new shares sold to Keppel
        158 7 DRAGON Land announced yesterday that it has obtained approval from the Singapore Exchange to list today 4.081 million new ordinary shares that it had allotted and issued to Keppel Land. The in-principle approval was granted on Monday. Keppel Land bought the shares
        158 words
      • Article
        Lock icon Boustead unit bags $9.5m in contracts
        121 7 BOUSTEAD Singapore's 90 per cent owned, UK-based subsidiary has secured contracts worth $9.5 million in West Africa and the UK. The contracts will require the subsidiary, Boustead International Heaters, to design and supply a hot oil heater to West African site of a leading
        121 words
      • Article
        Lock icon Lif eBrandz acquires Thai company
        100 7 LIFESTYLE and entertainment development and management company LifeBrandz said yesterday that it has acquired ThaiNutri Co for US$70,000. LifeBrandz paid for 71,000 ThaiNutri shares at 10 Thai baht each last Wednesday using "internal resources". LifeBrandz said it made the acquisition "for the purpose of engaging
        100 words
      • Article
        Lock icon SM Summit buys into China disc plant
        67 7 CD and DVD manufacturer and service provider SM Summit Holdings will acquire Advance Technology Investment for US$l.65 million cash. As a result, Summit will own the 49 per cent stake ATI has in an optical disc manufacturing plant, Shanghai Huade Photoelectron Science Technology
        67 words
      • Article
        Lock icon CSE snags $9m Nigerian contracts
        109 7 SYSTEMS integrator CSE Global announced yesterday that its Singapore-based and US-based subsidiaries have been awarded one contract each in Nigeria, totalling about $9 million. Both contracts are for the Agbami oil field project off Nigeria and are expected to impact CSE's net profit for this
        109 words
      • Article
        Lock icon AIM'S Q1 net profit inches up to $3.4m
        112 7 ADVANCED Integrated Manufacturing Corp yesterday announced that its net profit increased 3 per cent to $3.4 million for the first quarter, up from $3.3 million a year ago. Turnover for the electronic manufacturing services provider rose 21.3 per cent to $15.7 million
        112 words
    • Article, Illustration
      Lock icon ASL Maritime hits lucky 8 with contracts worth $100.3m
      230 7  -  Shipbuilder proves it is able to win projects of high contract value By LISA TAN ASL Marine Holdings said yesterday it has won $100.3 million of worth of contracts to build eight vessels for clients in Europe and Indonesia. It will
      FILE PHOTO  -  230 words
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      Lock icon Page 4 Advertisements Column 1
      225 4 CPA Australia in conjunction with Austrade Singapore, will present a showcase of Australia's Professional Development Expertise. Be inspired by leading Australian corporate training providers of leadership, personal development and team-building who will speak on: •> 44 > The Power Of Visionaiy Leadership Making Learning Development Pay: Getting A Return On
      225 words
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      Lock icon Page 4 Advertisements Column 2
      22 4 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Notices
      22 words
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      1083 4 Notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50. 1994 ED) AND IN THE MATTER OF MULTICORE SOLDERS SINGAPORE PRIVATE LIMITED (In Members' Voluntary Liquidation) (Company Reg. No. *****0685N) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50, 1994
      1,083 words
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  • Page 7 Advertisements
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      514 7 Enjoy better protection than a regular Premium £BQBEBBBSBB9OSB9 Currency Investment. r*"™ The new Enhanced Premium Currency Investment* from Standard Chartered protects' your base currency against conversion in the event of adverse currency movements. This b a unique feature not available in the regular Premium atttaym aimgMO mm/m Currency Investment. M
      514 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks swing into play
      523 8  -  STOCKS Turnover rises as brokers report greater interest from retail clients R SIVANITHY Senior Correspondent FOR the umpteenth time this year, the Jardine group, Keppel Corp and DBS helped propel the Straits Times Index to a fresh five-year high yesterday, this time encouraging traders to
      Source: Bloomberg  -  523 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      731 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jun 7 and earlier) Subsantial No of Price SHAREHOLDING Shareholder Btitl Shares Per lefore After Stock Tram Pate Director Sell |000 Shr> ('000) ('000) Vita Hldgs 7-Jun-05 Chong Thim Pheng Buy 40 na ***** 8.06 ***** 8.08 China Enersave 7-Jun-05 Tay
      731 words
    • Article
      Lock icon Winstedt Chong boosts stake in Vita
      137 8 FORMER Links Island Holdings chairman Winstedt Chong Thim Pheng has increased his stake in Vita Holdings from 7.921 per cent to 8.08 per cent over two days. On Monday, Mr Chong bought 382,000 shares on the open market in a series of transactions, increasing
      137 words
    • Article
      Lock icon China EnerSave's director raises his stakes
      80 8  -  Compiled by NANDE KHIN CHINA EnerSave's director Tay Wee Kwang bought 200,000 shares of the company over two days, bringing his stake to 3.308 per cent. Mr Tay bought 100,000 shares on Monday on the open market at 12 cents each, raising his stake
      80 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      510 8  -  Compiled by R SIVANITHY People's Food Holdings Mm 7 dose: 90JS cents OCBC INVESTMENT RESEARCH, Jtme AT last Friday's briefing, management quashed the three rumours about the spread of new foot and na, Holding's operational problems and the exodus of key executives, However, the company now guides for higher
      Source: Bloomberg  -  510 words
    • Article
      Lock icon Rupiah, baht gain after Greenspan talk
      440 8 CURRENCIES Reuters, AFP [SINGAPORE] The Indonesian rupiah and Thai baht gained yesterday as analysts said comments by Federal Reserve chairman Alan Greenspan signalled a slowing in the pace of US rate rises which could benefit emerging market assets. Analysts said Mr Greenspan, who spoke
      Reuters,; AFP  -  440 words
    • Article, Illustration
      Lock icon STI may test near-term target of 2,234
      303 8  -  CHART POINT By KEN TAI,ROHAN SUPPIAH OCBC Investment Research LOOKING ahead in the week, the STI should establish a gradual uptrend to test the near-term target of 2,234. Traditionally, June is usually a quiet month, but, thankfully, the breakout above 2,191 last Thursday
      303 words
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      Lock icon Page 9 Advertisements Column 1
      60 9 H h H |pj|^6Sr f v Drkttn ***-k l\/f rkt/xno BORNEO MOTORS (S) PTE LTD 33 LENG KEE ROAD. SINGAPORE *****2. LEXUS SALES TEL: *****288/*****811/*****822/*****833. OPEN MON-SAT: BAM TO 7.30PM SUN: 10AM TO 6PM. (£v 1 1^ DUIIICU IVIOIUIa LEXUS SERVICE CENTRE TEL: *****826/*****827. FAX: *****651. OPEN MON-FRI: BAM TO
      60 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon In memory of a legal luminary
      330 10 THE late former chief justice Wee Chong Jin was an "illustrious Singaporean", said President S R Nathan. In his condolence letter to Dr Wee's wife and family from Vienna, Austria, where he is on a visit. President Nathan described Dr Wee as a "remarkable
      FILE PHOTO  -  330 words
    • Article
      Lock icon World IP body sets up Asia-Pac office in S'pore
      299 10  -  Wipo cites Republic's location and communication network By CHLOE CHOY WIPO, the World Intellectual Property Organisation, yesterday inaugurated its first Asia-Pacific office in Singapore. Headquartered in Geneva, Switzerland, Wipo which has offices in Washington, New York and Brus- sels is "dedicated
      299 words
    • Article
      Lock icon Disaster recovery available at SingTel hubs
      264 10  -  By AMIT ROY CHOUDHURY GIVING a fillip to Singapore's efforts to become a disaster recovery and business continuity hub, homegrown Cavu Corp. IBM Singapore, and Sing Tel EXPAN announced a collaboration yesterday. The venture will make available disaster recovery services from SingTel's data centres
      264 words
    • Article
      Lock icon Infocomm trade shows seen drawing 56,000
      387 10 THE annual Infocomm Media Business Exchange (imbX), Asia's largest infocomm and media week of events, will kick off from June 13 and will include a three-day gathering of ministers and top officials from 11 Asian countries. The imbX will be attended by 3,000 delegates,
      387 words
    • Article, Illustration
      Lock icon Banding for art's big bang
      376 10  -  By CHEAH UI-HOON THE historic Empress Place precinct gets a boost in the arts, cultural and lifestyle events with the forming of the Association of Empress Place Attractions (EPA) by four cultural venues. The four venues in EPA, formally incorporated last month, are Victoria Concert
      376 words
    • Article
      Lock icon IE S'pore, Shaanxi ink 3-year MOU for business
      347 10 INTERNATIONAL Enterprise (IE) Singapore has paved the way for local enterprises to tap opportunities in Shaanxi province in west China, with the signing yesterday of a three-year Memorandum of Understanding. Lee Yi Shyan, chief executive officer of IE Singapore, said:*' This MOU
      347 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1012 10 o MACQUARC MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of the Australia) NOTICE TO WARRANTHOLDERS To (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF OVERSEA-CHINESE BANKING CORPORATION LIMITED ISSUED BY MACQUARIE BANK LIMITED (OCBC MBL ECW*****4); AND
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      271 10 IN THE MATTER OF MHS EUROTEC PTE LTD Company RagisMlon No. 2000Q5204M (In Mmbtn' Voluntary Liquidation) At the Extraordinary General Meeting of the Company held at Galselbrunnwßg 19 *****7 Wertheim-Bettingen, Germany on 3 June 2005, the blowing special resolutions weref passed:rr WAS RESOLVED- 1. That MHS EUROTEC PTE LfD be
      271 words
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      596 10 In Ihe Matter of The Companies Act, Cop. 50 And In the Matter of AIK HWA S.E. ROCK PRODUCTS PTE LTD (Company No. *****1830N) (In Members' Voluntary Liquidation) At the Extraordinary General Meeting of the abovenamed company duly convened and held at 186-200 Holland Road Toho Mansion Management Office, Singapore
      596 words
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  • ECONOMY WATCH
    • Article
      Lock icon ECB not ruling out interest rate cuts: official
      442 11 Central bank's tone indicates worry over euro damage Reuters [LUXEMBOURG/FRANKFURT] A top European Central Bank (ECB) policymaker has said an interest rate cut cannot be excluded, throwing support to politicians rattled by voter anger over slow European growth and talk in Italy
      Reuters  -  442 words
    • Article
      Lock icon Australian businesses see bad start to fiscal 2006: poll
      458 11 AFP [SYDNEY] Australian businesses are preparing themselves for their worst start to a new financial year since the 1991 recession, according to credit agency Dun and Bradstreet's June survey of business expectations released yesterday. The survey results came a week after
      AFP  -  458 words
    • Article, Illustration
      Lock icon US, China cross swords on how to manage yuan
      658 11 China says hopes for yuan change misplaced and a heavy burden Reuters [BEIJING] US Federal Reserve Chairman Alan Greenspan said yesterday he was sure Beijing would soon let its currency move more freely, but China's central bank chief said high expectations
      Reuters  -  658 words
  • Page 11 Advertisements
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      185 11 www.zerinproperties.com Faber Towers, with its central and strategic location between Kuala Lumpur Owners: Jeram Bintang Sdn. Bhd. and Petaling Jaya, is a highly desirable and sought after location. The recently (Managed by MAA Bancwell Trustee Berhad) completed New Pantai Expressway (NPE) has further enhanced the accessibility of this great locality.
      185 words
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      18 11 I Booster Capital Guaranteed Fund I Double Joy Capital Guaranteed Fund I USD RID 23/ OS/OS 10,00 USD
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Govt asks Syabas to use local pipes for Selangor project
      364 12  -  Minister's warning a boost for Malaysian pipe makers By PAULINE NG in Kuala Lumpur LOCAL pipe makers had their hopes raised after Malaysia's Energy, Water and Communication Ministry warned the Selangor state water authority that it might revoke a water
      NSTP  -  364 words
    • Article
      Lock icon Mandiri shelves US$300m bond sale on higher borrowing costs
      266 12 Treasury director says it may sell the bonds in Q3 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's largest lender, said that it is delaying the planned sale of US$3OO million of dollardenominated bonds after borrowing costs increased. The Jakarta-based bank planned to
      Bloomberg  -  266 words
    • Article
      Lock icon KUALA LUMPUR STOCK EXCHANGE
      2283 12 VOl General Corp .......0.38 -0.02 18 Jim 7 KM COOP) Genting ........18.80 unch 312 George Kent .0.67 0.01 58 A&M Realty 1.30 unch 0 GHLSysterre .0.22 0.01 515 Abric 0.37 0.04 648 Globetronics Tech 0.40 unch 384 ACP Industries-..- .0.70 -0.03 167 GlomacBhd 1.41 0.06 863
      2,283 words
    • Article
      Lock icon Newmont Indonesia to settle pollution dispute out of court
      253 12 Reuters [JAKARTA] US-based Newmont Mining Corp and Indonesia agreed yesterday to seek an out-of-court settlement to resolve a dispute over alleged environmental damage, a court judge and a lawyer for the firm said. The Environment Ministry had launched a US$l33 million
      Reuters  -  253 words
    • Article
      Lock icon Rabobank seeks new investments in Malaysia
      179 12 AP [KUALA LUMPUR] The Netherlandsbased Rabobank said yesterday that it is keen to invest in Malaysia through a strategic partnership with local banks. "Malaysia is certainly one country we like to invest in," Fergus Murphy. Rabobank International Head of Asia Region, told a news
      AP  -  179 words
    • Article
      Lock icon Anwar welcomes PAS leader's offer to lead opposition
      300 12 Reuters [KUALA LUMPUR] Malaysia's most potent opposition figure, Anwar Ibrahim, said yesterday he welcomed an Islamist's offer to lead an opposition front but stopped short of explicitly accepting the post. Freed from jail last year, the former deputy prime minister said he
      Reuters  -  300 words
    • Article
      Lock icon China's packet-food demand boosts palm oil sales
      545 12 Bloomberg [JAKARTA/BEIJING] Malaysia's 101 Corp and Indonesia's PT Astra Agro Lestari are selling more palm oil in China, the world's biggest consumer of the edible oil. as rising wages and growing city populations stoke demand for snacks and fast foods. Palm oil demand
      Bloomberg  -  545 words
    • NOTE BOOK
      • Article
        Lock icon Advani quits as BJP president over Pakistan remarks
        122 12 Bloomberg [NEW DELHI] Bharatiya Janata Party President Lai Krishna Advani has resigned as the chief of India's biggest opposition group after Hindu activists protested remarks he made during a visit to Pakistan. Mr Advani faced criticism in India for describing Pakistan's founder
        Bloomberg  -  122 words
      • Article
        Lock icon Mittal Steel may build S$11.5b plant in Jarkhand
        67 12 Bloomberg [MUMBAI] Mittal Steel Co, the world's largest steelmaker, may build a 300 billion rupee (Ssl 1.5 billion) steel mill and iron-ore mine in Jharkhand state, an official said yesterday. The probable size of the plant is 10 million tonnes," said MP
        Bloomberg  -  67 words
      • Article
        Lock icon Guthrie takes out US$400m loan for debt refinance
        92 12 Reuters [KUALA LUMPUR] Malaysian plantation and property firm Kumpulan Guthrie Bhd has taken out a loan of about US$4OO million to refinance existing debt and cut its interest bill, sources said yesterday. The company, which draws most of its revenue from palm
        Reuters  -  92 words
      • Article
        Lock icon Taiwan lawmakers to vote on key constitutional reforms
        66 12 [TAIPEII Taiwan was poised to enact major constitutional reforms yesterday to redraw the political landscape in favour of the two main parties, and streamline parliament. The changes were approved last year by the Legislative Yuan, or parliament, and are set to be
        66 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China emerging as No 2 IPO mart
      708 13 Local firms slated to sell record US$7b of shares, yielding US$550m in fees Bloomberg [HONG KONG] China is overtaking Europe as the world's second-big-gest market for initial public offerings as the country's largest banks, coal producers and shipping companies sell a record US$l7
      Bloomberg  -  708 words
    • Article, Illustration
      Lock icon 'Missing' Subroto Roy to appear soon
      432 13 Reuters [NEW DELHI] One of India's biggest firms plans to parade its chairman in public this week to end months of speculation over whether the billionaire has a life-threatening illness, is being held prisoner by his wife or is just resting. The flamboyant Subroto
      Reuters; AFP  -  432 words
    • Article
      Lock icon Japanese firms in China fear business fallout: survey
      342 13  -  By ANTHONY ROWLEY in Tokyo SOME Japanese firms operating in China fear there could be a lasting damage to their business from the anti-Japanese demonstrations, a survey by the Japan External Trade Organisation (Jetro) has found. The survey, whose findings were made
      342 words
    • Article, Illustration
      Lock icon China considers listed share buybacks
      265 13 Reuters [SHANGHAI] China's securities regulator is considering allowing listed companies to buy back shares traded on domestic bourses, state media said yesterday, a move analysts said could bolster beleaguered stock markets. The draft rules were unveiled in official newspapers a day after the benchmark Shanghai
      Reuters; Source: Bloomberg  -  265 words
    • Article
      Lock icon China outsourcing allure grows as India's wanes
      316 13 Reuters [NEW YORK] Interest in China as an outsourcing destination shot up over the last year as wages in India kept climbing, according to a survey released yesterday. About 40 per cent of the companies surveyed plan to shift some technology work to
      Reuters  -  316 words
    • Article
      Lock icon China's CNOOC still mulling offer for Unocal
      434 13 Reuters [SINGAPORE] Chinese offshore oil producer CNOOC Ltd said yesterday it was still weighing a bid for Unocal, possibly spoiling oil major Chevron's deal to buy the US producer for US$l6 billion. Chevron won a race against several oil firms, including state-run CNOOC,
      Reuters  -  434 words
  • Page 13 Advertisements
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      98 13 www.zerinpropertiesxom~JHP Sungai Petani is Kedah's fastest growing commercial and industrial town with its success linked to its proximity to Penang just 30 minutes away. Size 3.73 acres Tenure Freehold Category Commercial Location 500 metres from North-South Highway interchange and with high visibility from the Alor Setar-Butterworth main trunk road. Indicative
      98 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Greenspan warns hedge fund market of contraction
      474 14 But banks' effective credit management will maintain financial stability AFP [WASHINGTON] The chairman of the US Federal Beserve, Alan Greenspan, warned that the often secretive hedge fund industry could be on the verge of temporarily contracting, and that many affluent fund managers and
      AFP  -  474 words
    • Article
      Lock icon Philippine police crack down on moves to destabilise Arroyo
      311 14 AP [MANILA] Police across the Philippines went on full alert yesterday against moves to destabilise President Gloria Macapagal Arroyo as she fights corruption allegations against herself and her family. "The seat of government power is besieged anew by malicious efforts to
      AP  -  311 words
    • Article
      Lock icon Wife of ex-Enron exec leaves prison
      221 14 Reuters [HOUSTON! The wife of former Enron Corp financial mastermind Andrew Fastow was released from federal prison on Monday to a halfway house to serve out the remainder of her one-year sentence. Lea Fastow, a former assistant treasurer at the failed energy trader, has
      Reuters  -  221 words
    • Article, Illustration
      Lock icon HAL-5 to the rescue
      253 14 AFP [TOKYO] Japan has taken a step into the science-fiction world with the release of a "robot suit" that can help workers lift heavy loads or assist people with disabilities to climb stairs. "Humans may be able to mutate into supermen in the near future," said
      AFP; PHOTOS: AFP  -  253 words
    • Article, Illustration
      Lock icon Apple switching to Intel next year
      392 14 Chip shift has been in the horizon for the past 5 years NYT [SAN FRANCISCO] Steven P Jobs took the stage at Apple Computer's Worldwide Developer Conference on Monday to tell more than 3,000 of his most enthusiastic fans and occasionally also his harshest
      NYT; AP  -  392 words
  • Page 14 Advertisements
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  • WORLD
    • Article, Illustration
      Lock icon Google shares hit record high
      408 15 Surge follows price estimate boost by 4th analyst in a week Bloomberg [NEW YORK] Shares of Google Inc surged to a record high as a fourth analyst boosted his price estimate for the company's stock. Monday's increase made Google more valuable than Time Warner Inc,
      Bloomberg; Source: Bloomberg  -  408 words
    • Article
      Lock icon Europe, Microsoft reach accord on competition rules
      317 15 NYT [BRUSSELS] The competition commissioner of Europe, Neelie Kroes, has agreed to exclude open-source developers, who distribute their software free, from the benefits of the antitrust ruling last year against Microsoft—but only for the time being. After more than a year of wrangling,
      NYT  -  317 words
    • Article
      Lock icon Morgan Stanley investors question former execs
      525 15 Bloomberg [WASHINGTON] Some of Morgan Stanley's biggest investors had the chance yesterday to query a group of dissidents who blame chief executive officer Philip J Purcell for mismanaging the firm and driving down its share price. The Council of Institutional Investors, whose 140 pension-plan
      Bloomberg  -  525 words
    • Article, Illustration
      Lock icon Marilyn Monroe items fetch US$1m
      392 15 AFP [LOS ANGELES] Personal items belonging to screen legend Marilyn Monroe, including her personal address book and a pair of stockings, were sold for more than US$l million, auctioneers said on Monday. More than 200 items, including a picture of a rose that the late
      AFP  -  392 words
    • Article
      Lock icon Berkshire exec to plead guilty in AIG probe
      458 15 Bloomberg [NEW YORK] John Houldsworth, an executive at Berkshire Hathaway Inc's General Re unit, agreed to plead guilty to a federal criminal charge of helping American International Group Inc use a reinsurance transaction to distort its finances. Under an agreement with the
      Bloomberg  -  458 words
    • Article
      Lock icon Dubai sets up buyout fund to invest in foreign oil firms
      162 15 Bloomberg [DUBAI] Dubai, the second-largest member of the United Arab Emirates, has set up a buyout fund to invest in foreign oil and gas companies seeking to tap potential growth as soaring oil demand spurs higher prices and more
      Bloomberg  -  162 words
    • WORLD WATCH
      • Article
        Lock icon Diageo to buy Irish whisky producer
        102 15 NYT [LONDON] Diageo. the world's largest liquor company, agreed on Monday to buy the Bushmills Irish whisky brand from Pernod Ricard of France, and received an option to acquire a New Zealand wine business. In exchange, Diageo agreed to stick to the sidelines in
        NYT  -  102 words
      • Article
        Lock icon LG.Philips bags US$5b LCD order from HP
        76 15 Bloomberg [SEOUL] LG.Philips LCD Co. the world's biggest maker of liquid crystal displays, won a contract to supply US$5 billion worth of panels to Hewlett-Packard Co over the next three years, its largest-ever order. The contract for panels used in notebook and desktop
        Bloomberg  -  76 words
      • Article
        Lock icon Washington Mutual to buy Providian
        74 15 Reuters [NEW YORK] Washington Mutual, the largest US savings and loan, on Monday said it would buy Providian Financial Corp for U556.45 billion to enter the highly profitable consumer credit card business. The transaction values Providian at US$lB.7l per share, a 4.2 per cent premium
        Reuters  -  74 words
      • Article
        Lock icon GM to cut 25,000 US jobs in three years
        73 15 Bloomberg [NEW YORK] General Motors Corp, the world's largest automaker, will cut at least 25,000 US manufacturing jobs in the next three years and close additional assembly and parts plants to cut costs, chief executive Rick Wagoner said. The undisclosed plant
        Bloomberg  -  73 words
      • Article
        Lock icon Siemens sells mobile phone unit to Benq
        75 15 Bloomberg [TAIPEI] Siemens AG, Europe's second-largest mobile-phone maker, said Taiwan's Benq Corp agreed to take over its unprofitable mobile phone unit after 500 million euros (Ssl billion) in handset losses forced it to give up the business. Siemens will take a pre-tax charge
        Bloomberg  -  75 words
      • Article
        Lock icon StanChart to open retail branch in Japan
        46 15 Reuters [TOKYO] British bank Standard Chartered will open its first Japanese retail branch in July. The bank said it received approval from regulators last week and will begin operations at the new branch in central Tokyo on July s.—Reuters
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  • AVIATION
    • Article
      Lock icon China's private airlines fly into clouds of uncertainty
      687 16 AFP [BEIJING] China might have an emerging private airline industry but it will take time to reach cruising altitude as it struggles with surging fuel prices and strict government regulations, according to analysts. Pricing issues and licensing regulations have cast a shadow
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    • Article
      Lock icon United gets FAA greenlight for onboard Net service
      351 16 AP [NEW YORK] United Airlines, the world's sec-ond-largest carrier, received regulatory approval on Monday to install wireless Internet access to its fleet in a partnership with Verizon Communications Inc. The Federal Aviation Administration (FAA) will let United's parent, Elk Grove Village, Illi-nois-based
      AP  -  351 words
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      Lock icon Australia orders review of airport security
      451 16 Separate probe into backgrounds of all airport and maritime port workers AFP [SYDNEY] Australia yesterday ordered a review of its airport security measures to allay public concerns over a leaked customs report that found some staff at Sydney airport were involved in drug smuggling,
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    • Article
      Lock icon Malaysia seeks to boost airport capacity by 40%
      412 16 Bloomberg. AFP [KUALA LUMPUR] Malaysia Airports Holdings Bhd plans to boost by 40 per cent the passenger-han-dling capability of Kuala Lumpur International Airport, which will reach full capacity by 2007 as business and leisure travel increases in South-east Asia. "We have to
      Bloomberg.; AFP  -  412 words
    • LOG BOOK
      • Article
        Lock icon Air China passengers up 17% in May
        114 16 Bloomberg [BEIJING] Air China Ltd, the nation's biggest carrier, flew 17 per cent more passengers and filled more seats in May as economic growth encouraged more people to travel. Passenger numbers rose to 2.23 million last month, Beijing-based Air China said on its
        Bloomberg  -  114 words
      • Article
        Lock icon New routes boost EasyJet passengers
        69 16 Bloomberg [LONDON] Easy Jet Pic, Europe's second biggest low-cost airline, said May passenger numbers rose 22 per cent, boosted by new routes to France and Estonia. Easy Jet flew 2.55 million travellers last month compared with 2.09 million passengers a year earlier, the company said
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1817 16 A C.p.wfc.f sg»1 0530 SK972 2155 BBi—jg j Jggj BA7B81 1850 Darwin AF8087 1850 A***** 2215 Oiii mO IA7381 1850 5Q44T 0830 I?!? ==-"0840 J CA3T3 MLM ACtMi U«V»0 MIDOO lOJD MI300 WW HI na mm us tjttt 0100 IC8S5 1025 SQ406 1855 iBa— TK§S!S gffiji
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  • SHIPPING
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      Lock icon Seacare Medical poised for global expansion
      500 17  -  Its CEO is part of S'pore contingent at Oslo shipping conference By GEORGE JOSEPH [SINGAPORE] A Singapore trade union-backed medical centre for seafarers is poised to branch out into Asia and other parts of the world as a premier maritime medical service provider. Seacare
      500 words
    • Article
      Lock icon Spanish dockers call 3-day strike
      101 17 Reuters [MADRID] Spain's leading port workers' union has called a three-day strike starting on June 13 to protest against government proposals for reform in the sector, a union spokesman said yesterday. Spain's leading UGT and CCOO union federations do not support the strike but the
      Reuters  -  101 words
    • Article
      Lock icon TRANSPORT STOCKS
      287 17 SGX '000 June 7 SS Vol CH Offshore .0.36 0.01 295 ChuanHup .0.75 0.01 777 Cosco Corporation 1.94 0.05 ***** CWT Distribution ...0.67 0.01 75 Ezra Hldgs 1.23 unch 28 Freight Unks 0.08 0.01 121 Grand Banks Yacht 0.96 0.03 10 Java Holdings 1.05 unch 671 K1 Venture
      287 words
    • Article
      Lock icon EasyCruise to set sail for Barbados, eyes expansion to Middle East
      319 17 Reuters [LONDON] Easy Jet founder Stelios Haji-loannou said on Monday he planned to seize on demand for his new no-frills cruise venture with new routes planned for Barbados, Greece and the Middle East. Easy Cruise, which made its maiden
      Reuters  -  319 words
    • Article
      Lock icon Oslo meet may focus on mergers as rates fall
      689 17 Bloomberg [OSLO] Frontline Ltd and Teekay Shipping Corp, whose top executives were to gather yesterday in Norway for four days of shipping conferences, may seek takeovers as a slump in freight rates threatens to erode earnings. Hamilton, Bermudabased Frontline, the biggest
      Bloomberg  -  689 words
    • Article
      Lock icon M'sia seeks more planes to boost strait security
      296 17 AP, AFP [KUALA LUMPUR] Malaysia says more surveillance planes are needed to boost security in the-pirate-in-fested Malacca Strait, though there is no evidence of a terrorist threat in the key shipping lane. "We have to engage the international community in capacity building,
      AP,; AFP  -  296 words
    • Article
      Lock icon A public relations lesson for Bimco
      1022 17  -  STRAIT TALK By DAVID HUGHES BIMCO is the largest global shipping industry organisation, with some 2,400 members in 123 countries, and it does a highly effective job in representing the industry to governments and providing a range of practical services to its members. It
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  • EDITORIAL & OPINION
    • Article
      Lock icon Euro pessimism overdone
      496 18 EDITORIAL THE decisive rejection of the proposed constitution for the European Union by voters in France and the Netherlands appears to have generated a wave of pessimism about the prospects for Europe generally and for the EU's 12-nation common currency, the euro, in particular. The pessimism might
      496 words
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      Lock icon Should China move to revalue yuan?
      999 18  -  There are real benefits to be reaped, but more than 'face' is at stake ANTHONY ROWLEY Tokyo Correspondent TO revalue or not to revalue? That is the question asked by Asian Development Bank economist Cyn-Young Park in a recently published and excellent little tract
      AP FILEPHOTO  -  999 words
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      Lock icon Is Security Council expansion impossible?
      757 18  -  THE BOTTOM LINE FRANK CHING REFORM of the United Nations especially of the Security Council a topic that has been discussed for well over a decade, appears to be stalled. Ironically, both China and the United States, while favouring different candidates, are on the same
      757 words
    • Article, Illustration
      Lock icon Uphill fight on China bad debt front
      1374 19  -  Campaign to fix state lenders foundering on same cronyism and corruption that created the debt crisis in the first place By PETERS GOODMAN LAT-WP [CHENGDU, China] AS he rose through the ranks at China's largest lender, Zhang Guilin helped build the bad debt
      LAT-WP; REUTERS FILE PHOTO  -  1,374 words
    • Article
      Lock icon Fine-tune meaning of'internal controls'
      703 19  -  LETTERS TO THE EDITOR Penelope Phoon Head ACCA Singapore WE refer to the article "Success of new IPO rules depends on response" by Wong Wei Kong (BT, June 2). In the light of recent scandals, profit warnings and disclosure issues affecting new listings in recent months,
      703 words
    • Article
      Lock icon More statistics on ambulance calls, please
      523 19  -  Leong Sze Hian Singapore I REFER to media reports that the SCDF is considering charging for its ambulance service. It will relook the "no fee" charge for emergencies as demand burgeons. "Emergency calls have soared to nearly 74,000 last year, more than double the
      523 words
    • Article
      Lock icon Treat Vantage investors fairly
      184 19  -  Denis Distant, Singapore IT is about time the patient minority shareholders of Vantage Corp are treated as investors and not teased with takeover bids doomed to failure when viewed against the cash hoard the bidders have as their objective. The latest convoluted offer from Global Advisory
      184 words
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Page 19 Miscellaneous
    • Miscellaneous
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      291 19 CRYPTIC CROSSWORD No-one goes hungry at SB nary committee session! 8 Incessantly upset by student jamboree (5) 10 Train a group of porpoises (6) I I I I I I I I I I I I I Stakes raised by secretary on 12 Where urbanite possibly be- j I I
      291 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10369 20 SGX MAINBOARD 52-Wk Tel Last Vol Day iMt Quota GrOtv Dtv GrYW Nat MCap Wgh law Coda Company Sale COOP) low Buyer Seller Cvr M imt 12.5 3 5716 1st Software 5c .4 +1 9731 4.5 3.5 4 4.5 162 345 135 3148 8TelecomUS2c 14.5 unch 1521 14.5
    10,369 words
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      24 20 1^ /JttEßn^K^wwJfm, le maitre de I'horlogerie depuis 1875 Available Sole Distributor ft Service Centre: AUDEfIARS PIGUET (SINGAPORE) PRIVATE LIMITED. 541 Orchard Road #17-00 Towers
      24 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6141 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy %yr %dy Syr dy %yr June 6 Index Change Change Change Change Change Change World Index Preliminary 862.0 -0.2 1.1 -0.3 -0.3 :0J -2.0 EAfE Preliminary 800.7 -03 3.6 -0.2 -13 0.0 -33 Europe Preliminary
    6,141 words
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  • Page 22 Advertisements
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      1171 22 NYK GROUP SOUTH ASIA PTE LTD rn. TWIT fVpA\ fmO mJT TEL: 6295 0123 IVX Aunk W&Rzdf M 9 Irn LINE Fax: 6292 2856 (Regional sates)/6239 7109(OPS)/6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO WAKU KASHA. UO. (C/R NO: **********0^ I ESiSflH CR,: i37Btmo oooo SENATOR LINES SSSJgSS *****1 Wdbsitaf wvw?*«ncitoHinM.<om
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      Lock icon Page 22 Advertisements Column 2
      841 22 IBWKASIA RORO SEtVKE VBsa/yor' gg hbghtcmi wo kh la sm xt STKAITS VBTTUREII/05 IS 3.J 23/05 26/05 01/06 04/06 06/06 STRAITS VBTTUREI2/05 IS 3.2 08/06 11/06 STRAITS VENTURE 13/05 IS 3.2 18/06 21/06 26/06 21/06 01/07 I AUSTRALIAN BOEO HIMC» I VBsa/yor mwmm I hbghtwi lo «n ijw m syp
      841 words
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      863 23 Hamburc^^SlJD AUSE SERVICE (EXPORT) ETA JH SINGAPORE WISIAHt STMUT Mmnutw AMlAiat SINGAPORE WISIAMI STWKT MIUOURNI APtLAIPt CSCI XIAMIH 0077S 10/0* 20/0* R/M 2S/D4 M/M CSU XIAMEW 007W 01/07 11/07 10/07 7V07 WW SCOTIA 01 IS 17/06 27/06 M/ 0* 01/87 05/07 SCOTIA OlfS IVO7 WO7 27/07 30/07 K/M CAIYUNHSOtOS 24/06
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      Lock icon Page 23 Advertisements Column 2
      1201 23 VESSEL VOY SIN JKT HKCTKHmNT KYH fUS VESSEL VOY SIN JKT SUB HKG USN PUS HY MIDGE WSS _V6_ _V6_ _11/t_ J6/6 JW 20/6 n/i_ KMT( JAKARTA 508S 12/6 15/6 li/6 21/6 25/6 26/6 HY VLADIVOSTOK I6OS IS/6 11/6 23/6 25/6 27/6 W/6 W/6 KMT( POIT KELAHG SQBS 19/6 22/6
      1,201 words
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      Lock icon Page 23 Advertisements Column 3
      848 23 sjaass* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN PJUANGI COLOMBO N. SHEVA COLOMBO !Hm M -%SrMtILMSI JMfIZHL 13 JUM M JUH LUUH 21UUH 2LUIII hotaphwha YPwots ?o juh 21 juw Mm 2Liim M IWDIKA &ANDHI 0094W 27 JUH 28 JUH 01
      848 words
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  • Page 24 Advertisements
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      1041 24 lMJkf WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL "VOY RAMP IK MAO HOW MIA SW Ml OF NYC HEW MOB TAMERLANE AFSIS 3201 ms MM I 12/06 02/07 11/07 15/07 11/07 16/07 TAIKO AFSI6 420Toas 6.4 M I 17/0* 20/07 24/07 2S/07 26/07 30/07 TARONGA AFSIB 320Tmh 6.25« 20/07 12/01 21/08 25/01
      1,041 words
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      1407 24 vtssa voy sw rou vcsa voy sw jkt Of 2301 0130f 07/06 01/06 nxtw 4169 05/06 07/06 PLC lANDA 141 AM 07/04 07/06 PAC HNTAM 9302 07/06 09/06 plcia!Sa —mn ot/S —po/m Htm m Hr#s— csf23oi fiuif tt/fit n/06 i^—ttttthutttt— mum urn uzas iszst- }»n ni mum 1M UM ISZBL_
      1,407 words
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      743 24 BSA x MYANMA ■H FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 346W SID HPA-AN 33m SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PIN: 04-*****1S A ACCEPTIN6 CONVENTIONAL COO VESSEL VOY HKG SIN PGU PU KIK MARINE VICTOR 22 SU> SID
      743 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      8135 25 ETA ETA AdvartiMr Vassal Voyage Tetaphaae ETA ETA Mvarthar Vamat jjg T 5?*~ e SHI Dasfn Name Mane Numbar Number SIN Datfa Name Name Number Nmabar 22/06 30/07 NGPl TEIGNBANK SP188 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire 2 4/06 15/07 Senatof L LIONS
      8,135 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      623 25 Guaranteed Sailing! I Service from Singapore to: I Los flnqeles Keelnng I Weekly Consol. Twice weekly I 14 days transit. on CU f- o ff I HUB MARINE PTE LTD BOOKING: *****375/718 MAINLINE: *****866 FAX: *****066 OPfl COOE "DZ" Cfl NO **********0Z MARKETING SALES: KELVIN CHUA: *****838, MEUNA LEE: *****187
      623 words
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      872 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3. Tel: *****511 Fax: *****577 E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net I LCL SERVICE TO CHINA fc ASIA CEBU DALIAN HONG KONG JAKARTA QINGDAO VWijtil SHANGHAI SURABAYA XINGANG XIAMEN BEST LCL RATES TO |KE|?nKi AARHAUS ASHDOD BEIRUT BUENOS
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      Lock icon Page 25 Advertisements Column 3
      472 25 MIRI»Y 789N 07-08/06 14 16/06 21 22/06 I ■RWVRMI TIGER WAV( 290N 11 12/06 17 19/06 25 26/06 1 TIGER PEARL 291N 14 15/06 21 23/06 28 29/06 1 TIGER SEA 292N 18-19/06 24 26/06 02 03/07 TIGER SKY 293 A 21 22/06 28 30/06 054)6/07 I TIGER WAVE 294N
      472 words
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  • MOTORING
    • Article, Illustration
      Lock icon Popular 7-year loan pricier now
      634 27  -  Banks raise interest rates and group 7-year loan with longer periods by SAMUEL EE UNITED Overseas Bank and OCBC Bank have raised interest rates for new car loans and regrouped the loan periods in a way that is likely to kill the popularity of the
      634 words
    • Article
      Lock icon C&C to spend $6m in service centre upgrade
      389 27  -  Mercedes-Benz HQ to direct project By SAMUEL EE MERCEDES-BENZ exclusive dealer Cycle Carriage will spend up to $6 million to upgrade its Pandan Loop service centre as part of the German luxury carmake/'s worldwide efforts to raise brand presence and service standards.
      389 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4827 27 UNIT TRUSTS FUNDS Cm Global Healthcare Fund 0.96/ Citi Gt) F«i Sfvcs Fund 1.05/ Citi US Aggressive Growth Fund 0X21 Tr ,r7? PT—t S B Sd Gil Bus Ids Ptll 03ISG01 1.1151/ 1 ro, SB5H Gib Bus Uh Ptll 03(USD) 1.177/ iS Cidbond Spore Class Y 0978/ S n M
      4,827 words
  • Page 27 Advertisements
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      26 27 PIMCO Global Real Return Fund a fund that is hedged against global inflation. AlliatlZ (jfi) Rated 5-star by Mercer Investment Consulting Global investors company regn.no *****7169Z
      26 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Head-trip filled with wonder
      392 28  -  By SANGEETHA MADHAVAN APPARITION. which opened on Monday, is a collaboration between Vienna-based cross-media artist Klaus Obermaier and an international team including London-based dancers Robert Tannion and Desiree Kongerod, with technological wizardry provided by Ars Electronica Future Lab and Hirokazu Kato. Obermaier is the creator of
      FILE PHOTO  -  392 words
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      Lock icon Balkan music from an exile
      586 28  -  Goran Bregovic's Singapore concert will offer a pared down taste of the Serb's enthusiasm for eclectic musical forms, says KANNAN CHANDRAN KANNAN CHANDRAN FOR all the negative news that the Balkans region brings to mind, there are happier moments that its culture offers. Goran Bregovic,
      586 words
  • Page 28 Advertisements
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      130 28 Ninety-two E5O companies have gone on to list on the local bourse. Your company can do it too! MWB7 M frßJhr? II <<|whKM M jpNjlk jl y" Nominations for the 2005 Enterprise 50 Award hithk"' are n w °P en Companies can nominate themselves for the 2005 Enterprise awards by
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      911 28 GRAND BANKS YACHTS LIMITED (Incorporated in the Republic of Singapore) (Company Registration no. *****1189E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Republic of Singapore Yacht Club, 52 West Coast Ferry Road, Singapore *****7 on Thursday,
      911 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Who's afraid of the big bad unit trust?
      789 29  -  MONEY MATTERS CHONG KOK PENG ARE you one of those individuals who had a lousy experience with unit trusts and would swear that you would stay clear of it in future? Well, there is an old Chinese saying that there are no
      789 words
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      Lock icon Women sweep top warrants trading plums
      241 29  -  By R SIVANITHY MENTION "structured warrants trader" and the image that springs to mind could be that of a bespectacled rocket scientist or a derivatives player, much like those who prowl the pits at the futures and commodities trading floors. The picture would be
      241 words
    • Article
      Lock icon Eyeing the Islamic banking pie
      1096 29  -  IVY NG and CHONG LEE SIANG discuss whether Singapore has what it takes to build the market YOU THE TAXMAN IVY NG,CHONG LEE SIANG By ERNST YOUNG SINGAPORE can no longer afford to ignore the potential of Islamic banking. This form of banking may still
      By ERNST & YOUNG  -  1,096 words
    • Article
      Lock icon DOUBLE JOY CAPITAL GUARANTEED FUND USD
      257 29 (ISIN LU**********) A Sub-Fund of Xavex SICAV Information on the Fund (as of the Launch Date) Guaranteed Payout 7 5% Scheduled Guaranteed Payout Date Thursday. 4/6/2006 Performance Range -15% to +25% of Strike Level Individual Constituents Currency Strike Level Lower Upper BarrierLevel Barrier Level
      257 words
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      Lock icon A reality check for insurers and the insured
      1118 30  -  GENEVIEVE CUA Personal Finance Editor OVER the last year or two, it would seem that hardly a month would pass without at least one or two negative articles about insurance products mis-selling, high embedded costs, poor returns, you name it. More recently
      1,118 words
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      Lock icon For what art's worth
      843 30  -  A UK fund is offering monied investors a chance to ride on the art auction boom. GENEVIEVE CUA reports GENEVIEVE CUA HOW would you like to own a piece of a Picasso? Fine art funds, which are something of a rage in Europe, may well make
      BLOOMBERG; Source: Art as an alternative asset class'by Rachel Campbell  -  843 words
    • Article
      Lock icon A risky business
      1220 30 Bloomberg [LONDON] Michael Steinhardt made his millions as a hedge-fund manager by betting against overvalued companies. Now, he says it's time to sell overpriced Picassos and Pollocks and buy bargains, such as antiquities. "Contemporary art prices are in fantasy land they're near lunacy," says Mr Steinhardt. The
      Bloomberg  -  1,220 words
  • Page 29 Advertisements
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      294 29 Yield Enhancement I I 'f I 1 1 1 I'S I t I 1) C .1 I't I > 4 I < > (>< >S<) W licro to wiih', 1111 lc .liid oil lorl.i i n... >» r -Ik /V K f I I M I HI |.< I S'
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