The Business Times, 18 June 2005
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2005-06-18
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The Business Times
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Title Section16 2005-06-18 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 089/03/2005 June 18-19, 2005 online at http://business-tinies.asial.com.sg16 words
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665 2005-06-18 1 MICHELLE QUAH - BT exclusive It is believed the full account may have information not fleshed out in summary released to public By MICHELLE QUAH [SINGAPORE] Lawyers for China Aviation Oil's suspended CEO Chen Jiulin and finance head Peter Lim are asking for the complete665 words
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Article138 2005-06-18 1 STI 2.209.15 (+6.41) ST INDEX FUTURES 2,205.00 (+4.00) siMsa 262.87 (+0.99) SIMSa FUTURES 263.00 (+0.40) MARKETS Friday Change KLSECOMP 897.06 -0.98 NIKKEI 225 11,514.03 +97.65 HANG SENG 13,912.03 +78.50 SET INDEX 686.52 -0.64 JAKARTA COMP 1,141.82 +16.06 MANILA COMP 2.011.17 +11.57 SEOUL COMP 1,003.68 +0.54 SHENZHEN B 221.61138 words
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Article, Illustration587 2005-06-18 1 ARTHUR SIM - By ARTHUR SIM [SINGAPORE] Bad boy of architecture Daniel Libeskind will leave his distinc* tive mark if his proposal for the integrated resort at Marina Bayfront is chosen. "You have to have a signature. You have to be unique," he says emphatically, referring toARTHUR LEE - 587 words
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Page 1 Advertisements
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Advertisement7 2005-06-18 1 IB MOTORING Swede surprise from Saab PGI37 words
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Advertisement133 2005-06-18 1 new Supreme Court ■■P TRAVEL ImßQßHttj Australia's Northern Tferritory: splendid isolation PGI9 iA INDIAN LOVE STORY Sunil Bharti Mittal fell in love with push-button phones the moment he saw them in Taiwan. Smitten, he goes on to build India's biggest private sector telecoms company BT ONLINE Forthe latest financial news,133 words
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TOP STORIES
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Article, Illustration499 2005-06-18 2 CHUANG PECK MING - Numbers surprise some analysts and cloud trade picture for Q2 By CHUANG PECK MING [SINGAPORE] Singapore's non-oil domestic exports fell unexpectedly in May, hit by a double-whammy of slowing electronics and drug shipments. It was the first decline in 35 months.Source: International Enterprise S'pore - 499 words
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Article669 2005-06-18 2 Setting sail with Hong Kong tycoon Li Ka-shing TWO overseas acquisitions by Temasek Holdings and its wholly owned port unit PSA International have highlighted the Singapore investment company's efforts to build its portfolio of maritime assets, particularly with an eye on the China market. And analysts say the669 words
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305 2005-06-18 2 LATEST US DATA Reuters [WASHINGTON] The US current account deficit widened greater than expected in the first quarter to a record U*****.1 billion. It was driven by a growing merchandise trade gap and an increase in unilateral transfers, such as US aidReuters - 305 words
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553 2005-06-18 2 WONG WEI KONG, MICHELLE QUAH - By WONG WEI KONG, MICHELLE QUAH [SINGAPORE] Why has the final and most critical report on the China Aviation Oil (CAO) debacle not been made public in full? While an executive summary of the findings the result of a special investigation553 words
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417 2005-06-18 2 [HONG KONG] China's third-largest oil group, China National Offshore Oil Corp (CNOOC), is set to announce a counter-offer to trump Chevron Corp's US$l6 billion bid for Unocal Corp, Reuters reported a local newspaper as saying yesterday. CNOOC's board will meet in417 words
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Article, Illustration646 2005-06-18 2 JUDY LOUIS - SATURDAY SOAPBOX JUDY LOUIS CHILDREN seem to get away with anything. I've been in situations where children crush my toes as they pummel their way into the space between me and the cashier, dump their chocolate bars and Coke cans on the counter646 words
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Page 2 Advertisements
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Advertisement62 2005-06-18 2 INVITING SHIPPING CLERK AT FOLLOWING PARTS. 2 years experence In shipping company Knowledge of chartering off ship Knowledge of operation of ship 2 years experence in shipping trading company Knowledge of import export bank document Common Requirement* Speak fluent English I Mandarin If you meet all the requirements, send us62 words
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Advertisement21 2005-06-18 2 HOT IPO Get more investor interest. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Notices21 words
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RAFFLES CONVERSATION
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Article, Illustration1625 2005-06-18 3 KENNETH JAMES - Sunil Bharti Mittal had an unshakeable belief in the future of telecommunications, and brought that future to India. KENNETH JAMES reports KENNETH JAMES IN 1983, a young Indian entrepreneur was ruefully surveying the wreckage of what had been a thriving business. Sunil Bharti Mittal, then in his mid--208,AFP - 1,625 words
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Article454 2005-06-18 3 SINGAPORE Telecom was always "a natural choice" as a partner, and when the opportunity arose in 2000, Bharti Enterprises chairman Sunil Mittal moved quickly. "Pramod Mahajan, the IT Minister, took me with his delegation (to Singapore), with other IT honchos. On the last day of the visit, Sing454 words
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Page 3 Advertisements
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Advertisement27 2005-06-18 3 9ftolc k oS99jt^ .|:VT: t: '\J' *t \J$& Hotels Resorts '4<fc < ,%-—'V > g M kti« <tt' 3' <1 jU*ffjAa>* www.swissotel.com Swi *»iM| p#4 (f .ijfrjtflii Ui*H»d ,v27 words
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Advertisement66 2005-06-18 3 Raffles'' INTERNATIONAL Hotels Resorts A Member of Capita Land The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided66 words
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COMPANY NEWS
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Article, Illustration809 2005-06-18 4 WONG WEI KONG - CORPORATE ANALYSIS While PSA's interest in China is well known, what's drawing more interest are its linkages with the HK tycoon, reports WONG WEI KONG WONG WEI KONG TWO overseas acquisitions by Temasek Holdings and its wholly owned port operator unit PSA International have highlighted809 words
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Article, Illustration305 2005-06-18 4 LIZA LIN - By LIZA LIN FOR eight months, 20 OCBC bank staff in Malaysia racked their brains for ways to reduce its mortgage processing time from 11 days to just one. Their efforts paid off yesterday, as OCBC snatched the top prize for the operational305 words
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COMPANY BRIEFS
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101 2005-06-18 4 SINGAPORE Telecommunications (Sing Tel), which is taking part in the bid for a 26 per cent stake in Pakistan Telecommunication Company, has deposited US$4O million as earnest money with the privatisation commission. The bid date is scheduled for today. The deposit will101 words
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Article32 2005-06-18 4 CSA Holdings, which its US-based parent CSC Computer Sciences International (CSCI) proposes to take private, has appointed G K Goh Stockbrokers as independent financial adviser for independent directors.32 words
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37 2005-06-18 4 CITIGROUP, as the "stabilising manager" of Biosensors' initial public offering, said it has todate bought 10.48 million shares in the medical device company and as of yesterday has stopped its stablising action.37 words
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81 2005-06-18 4 LOW Keng Huat (LKH) said yesterday that its associated company CHIJMES Investment has acquired a 60 per cent equity interest in Upper Club Pte Ltd through Starworth. Starworth paid $960,000 for shares in fine-dining restaurant operator Upper Club, which will be deemed as81 words
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124 2005-06-18 4 SESDAQ-LISTED Interra Resources has appointed Luke Targett as its new chief executive officer from July 1. Mr Targett, 39, replaces Sugiharto Soeleman, who "has decided to take early retirement". The new CEO will be responsible for the overall operations management and business development124 words
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Article, Illustration446 2005-06-18 4 KALPANA RASHIWALA - Retail tranche of 64m units remains open till tomorrow By KALPANA RASHIWALA THE private placement tranche of Temasek Hold- ings* offer of Capita Commercial Trust (CCT) units is said to have been nearly two times subscribed in less than 24 hours. The 200 million-unit offerFILE PHOTO - 446 words
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Article, Illustration539 2005-06-18 4 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent ON the face of it, making money in this market should be relatively simple the Straits Times Index continued to display resilience this week, giving the impression of a buoyant, thriving market. The truth, however, is that outside of539 words
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PERSONAL INVESTMENT
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Article, Illustration907 2005-06-18 5 JOYCE KOH - Compiled b) JOYCE KOH Singapore Exchange: June 17 dose: $2.03 OTIGROUP SMITH BARNEY, June 17 UNJUSTIFIED price rally: SGX has rallied 9 per cent in the past week despite no major announcements from the company (as confirmed with management). Reiterate "sell": On March 22 we downgraded SGX to aSource: Bloomberg - 907 words
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Article1082 2005-06-18 5 For week beginning Jun 13 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subuntial Hoof Mu SHMiHOUMNG Tram Shareholder Sefi Sharti Nj Before Mtjr Stwt Data Director Com '000 SW1 PMCQ WMI NW Tech 16-Jun-05 Genlink Hldgs *Buy 700 na ***** 15.91 ***** 16.32 NW Tech 16-Jun-05 Genlink Venture 'Buy 7001,082 words
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Article, Illustration1483 2005-06-18 5 TEH HOOI LING - SHOW ME THE MONEY With greater sophistication, more complex products are expected to surface TEH HOOI LING Senior Correspondent WARRANTS have become a major feature of the daily trading on the Singapore Exchange. Last month, they accounted for some 20 per cent of the trading volume on SGX,FILE PHOTO - 1,483 words
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Page 5 Advertisements
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BT INVESTMENT ROUNDTABLE
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Article, Illustration3174 2005-06-18 6 OVERVIEW Why is so much money going into Indonesia's property market? It has been one of the better performing sectors of the economy in recent years. In Jakarta, shopping malls enjoy 90 per cent occupancy levels and more are being built. Developers are going3,174 words
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SINGAPORE NEWS
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478 2005-06-18 7 RONNIE LIM - Singapore plant will service Asian demand for methyl methacrylate By RONNIE LIM SINGAPORE'S Jurong Island has beaten other sites like Malaysian oil and gas state Terengganu and US oil capital Houston to clinch Lucite International's US$l5O million investment in a pioneer chemical478 words
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394 2005-06-18 7 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY A TIE-UP between Star Hub and Motorola may soon increase broadband speeds available to residential consumers by two to three times. The current fastest speed is 25 mega bits per second. The two companies yesterday announced an enhanced strategic partnership394 words
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868 2005-06-18 7 CHUANG PECK MING - By CHUANG PECK MING HOUSING has overtaken food as the biggest household expenditure item, as more Singaporeans upgrade to bigger flats while spending less on eating. Falling car prices and road tax, meanwhile, have trimmed expenditure on transport and communication, which together with868 words
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181 2005-06-18 7 BROADBAND Internet subscribers from the Asia-Pacific region constitute about 42.9 per cent of the world's total subscribers globally, according to data for the year 2003 from the International Telecommunications Union presented at a forum in Singapore' yesterday. The Asia-Pacific is also home181 words
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472 2005-06-18 7 JOYCE KOH - Investments, risk compliance costs seen rising: PwC By JOYCE KOH WEALTH management is a service offered by private banks to their exclusive clientele, but a new survey shows that banks in Asia might benefit from some wealth management of their own. The survey,472 words
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SINGAPORE ROUNDUP
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Article64 2005-06-18 7 THE Bank of China Singapore (BOCS) yesterday launched its new credit card aimed at individuals who have commercial, cultural and emotional links with China. The Bank of China Credit Card—which is the result of an alliance between BOCS and the Bank of China (International) Ltd64 words
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57 2005-06-18 7 lAP MAS to discuss regional trends THE International Advisory Panel (LAP) will meet the Monetary Authority of Singapore on Monday to discuss trends in capital markets, Asian economic integration, and potential of financial markets. LAP members, including MAS deputy chairman Tharman Shanmugaratnam, will meet PM Lee Hsien Loong, SM Goh57 words
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78 2005-06-18 7 THE Straits Times' Mind Your Body and Lianhe Zaobao are jointly organising a two-day health exhibition cum seminar dubbed "Health You Seminar and Exhibition", to promote wellness and importance of healthy living to the public. The event is presented by the American International Assurance,78 words
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77 2005-06-18 7 TEN industry leaders and academic administrators have been appointed to the joint advisory board of the Cornell-Nanyang Institute of Hospitality Management (CNI). An alliance between Cornell's School of Hotel Administration and Nanyang Technological University's Nanyang Business School, CNI is offering a joint graduate degree programme in hospitality77 words
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321 2005-06-18 7 THIS 160-year-old is not showing any signs of old age or of slowing down in fact, it seems as eager and promising as at any time in its youth. Come July 15, The Straits Times (ST) celebrates 160 years of bringing news to321 words
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310 2005-06-18 7 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY THE region's largest technology trade shows ended yesterday, after drawing 60.552 people including leaders from the information technology, coipmunication and broadcasting industries. Of this, 48.4 per cent were from abroad. According to the organisers of the310 words
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PROPERTY
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Article, Illustration887 2005-06-18 8 ARTHUR SIM - The relationship between the disk and U-shaped block two disparate forms is a little perplexing, says ARTHUR SIM ARTHUR SIM LORD Norman Foster made a rather enigmatic remark about the new Supreme Court building when he was here in 2002. He said the "client" wasARTHUR LEE - 887 words
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Article34 2005-06-18 8 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day34 words
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Page 8 Advertisements
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Advertisement26 2005-06-18 8 PIMCO Global Real Return Fund a fund that is hedged against global inflation. Allianz (jfi) Rated 5-star by Mercer Investment Consulting Global investors company regn.no I*****169Z26 words
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JOBS
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Article, Illustration702 2005-06-18 9 Optimism for job growth in Q3 is highest in the Americas and Asia Reuters [WASHINGTON] Companies around the world remain upbeat about taking on new staff in the third quarter, with rapid hiring growth in Asia cooling as European job creation picks up, aReuters; REUTERS - 702 words
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659 2005-06-18 9 [LONDON] Health recruitment agencies are sending unsolicited faxes to German doctors, begging them to cover for British GPs who have opted out of weekend work, says a report in The Guardian. The German Medical Association said that more than 2,600 Germans are flying659 words
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Article263 2005-06-18 9 Bloomberg [NEW YORK] Wal-Mart Stores Inc, the world's largest retailer, promoted Carter Cast to president of Walmart.com after its former head was named marketing chief. Mr Cast, 41, has been an executive with the website since 2000. He was responsible for introducing its music download serviceBloomberg - 263 words
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126 2005-06-18 9 Bloomberg [NEW YORK] Marsh McLennan Co's chief of Global Consumer Commercial Business, John Chippindale, has left to join an insurance broker founded by another former Marsh executive, becoming at least the eighth to jump to the new company. Integro Ltd, co-founded thisBloomberg - 126 words
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EXECUTIVE MOVES
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Article101 2005-06-18 9 HELLER Ehrman announced that Jonathan M Palmer has become the new managing shareholder for the firm's Asia practice. Mr Palmer, most recently with the firm's Seattle office, takes over from Richard L Cassin, who will return to Singapore to lead the firm's efforts to grow101 words
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Article107 2005-06-18 9 JONES Day has appointed Alex Cull a senior associate in the firm's Singapore office. Mr Alex, who relocates from the Jones Day Hong Kong office, focuses primarily on the development, financing and acquisition and divestiture of energy-related projects. He has extensive experience in Asia energy projects107 words
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Article85 2005-06-18 9 DBS Group Holdings (DBSH) has appointed Koh Boon Hwee, chairman of Singapore Airlines, to DBSH board and that of its DBS Bank unit. He is also executive director of Mediaßing Ltd and Tech Group Asia Ltd. Among the boards he serves on are Temasek Holdings85 words
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Article105 2005-06-18 9 ARA Trust Management announced that its present chief operating officer Yeo See Kiat has been appointed acting chief executive officer. As acting CEO, Mr Yeo will play a role in the overall strategic planning and execution of business development policies to drive the growth of105 words
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Article74 2005-06-18 9 DHL has named Stephen Day chief financial officer, DHL Asia Pacific, and a member of the company's Asia Pacific Management Board. Before this, Mr Day was finance director, DHL UK Ireland, in 2003. He also managed the standardisation of financial application and the migration74 words
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Article73 2005-06-18 9 MILLENNIUM Copthorne Hotels (M&C) has appointed Sudheer Raghavan as its president for the Americas. Mr Sudheer, a Singaporean, will take up his appointment on Aug 1. He was most recently senior vice-president in the Singapore Airlines Cargo Company. Mr Sudheer also held other key senior positions73 words
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Article, Illustration62 2005-06-18 9 KITTY Hawk has named Robert (Robbie) Barron (above) vice-president and chief operating officer for its airline subsidiary, Kitty Hawk Aircargo Inc. Since joining the company last May, Mr Barron has served as the company's vice-president of maintenance and engineering, responsible for all maintenance and62 words
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Article56 2005-06-18 9 SAS f new South-E Asia GM HAKAN Olsson has been appointed Scandinavian Airlines' director and general manager, South-east Asia. Based in Singapore, Mr Olsson oversees the 85-strong staff from Scandinavian Airlines' operations in Singapore, Malaysia, Indonesia, Thailand, Taiwan and the Philippines. Previously director of passenger sales, STOAA, Mr Olsson has56 words
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Article47 2005-06-18 9 B K Chiu has been appointed managing director of CDL Hotels New Zealand and CDL Investments New Zealand. Before this, he was regional vice-president and managing director, Asia, of Merisant Company and held senior management positions in Monsanto Company (Asia Pacific).47 words
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Article, Illustration64 2005-06-18 9 AGNES Mah (above left) has been promoted to managing consultant in charge of handling executive search and recruitment assignments for senior appointments in diverse industries, particularly the technology sector. Serene Law (above right) has been appointed a consultant. She has long years of experience in the64 words
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Article84 2005-06-18 9 GALAXY Travel Distribution System, specialising in low-cost, online global travel distribution systems for hotels and other ground services, has appointed Wutthilerd Chiannilkulchai chief executive officer. He replaces Paul J Casey who recently resigned to spend more time with his family in the US. Mr Chiannilkulchai has84 words
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114 2005-06-18 9 Reuters [NEW YORK] General Electric Co is expected to name three new vice-chairmen, including chief executive of energy John Rice and chief executive of transportation David Calhoun, the Wall Street Journal reported yesterday. The newspaper said the announcement of the elevation of the twoReuters - 114 words
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Page 9 Advertisements
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Advertisement19 2005-06-18 9 I Booster Capital Guaranteed Fund Isodrid^O^^OS^SSSODJ I Double Joy Capital Guaranteed Fund I I USD RID 02/06/05 9,73 USD19 words
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Advertisement26 2005-06-18 9 Lianhe Zaobao I Market Flooded I I call I I warrants I I put I I warrants I I get the I I cold shoulder? I26 words
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REGION
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Article, Illustration537 2005-06-18 10 Aim is to unlock value for shareholders, says chairman Kee Choe Bloomberg [MELBOURNE] Singapore Power Ltd, the state-owned electricity monopoly, is studying a public share sale of a minority stake in its As 6 billion (557.78 billion) Australian business as it seeksBloomberg - 537 words
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Article, Illustration609 2005-06-18 10 PAULINE NG - By PAULINE NG in Kuala Lumpur KFC Holdings Malaysia group managing director Johari Abdul Ghani wants the new controlling shareholders of parent company QSR Brands to emerge and deal directly with franchisor Yum! International instead pf hiding behind nominees. "The onlyFILE PHOTO - 609 words
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445 2005-06-18 10 PAULINE NG - By PAULINE NG in Kuala Lumpur AFTER months on the lookout, CIMB-Mapletree Management (CMM) has acquired two industrial properties in Malaysia worth a total of RM7S million (Ss33 million) to kickstart its real estate fund, property players say. They said the industrial lots currently leased445 words
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111 2005-06-18 10 Reuters [PUTRAJAYA] Malaysia's government is open to a foreign strategic partner buying a stake in statecontrolled car-maker Proton Holdings Bhd, Second Finance Minister Nor Mohamed Yak cop said yesterday. State investment arm Khazanah Nasional has a 42.7 per cent stake hi Proton, which recentfyReuters - 111 words
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465 2005-06-18 10 It is looking for locations in S'pore, Indonesia, Brunei Bernama [KUALA LUMPUR] Habib Corporation Bhd is set to expand its jewellery business into the regional market, including Singapore, Indonesia and Brunei, although its restructuring exercise is scheduled for completion only by the endBernama - 465 words
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186 2005-06-18 10 Bloomberg [BEIJING] Hong Kong relaxed its rules yesterday to allow real estate investment trusts (Reits) to invest in properties overseas and borrow as much as 45 per cent of the value of the property they hold, the city's regulator said. The changes were madeBloomberg - 186 words
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NOTE BOOK
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98 2005-06-18 10 Reuters ~r 9 [PUTRAJAYA] Malaysia kept currency speculators guessing yesterday, saying its fixed exchange rate was not cast in stone. "There's a time to float and time to fix. Both regimes produce winners and losers," Second Finance Minister Nor Mohamed Yakcop said. "It's not castReuters - 98 words
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73 2005-06-18 10 Reuters [HONG KONG] Standard Chartered pic, an Asia-focused lender, said yesterday it would pay about US$22 million for 8.56 per cent of Vietnam's Asia Commercial Bank in a deal it struck earlier this month. StanChart, which is based in London butReuters - 73 words
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64 2005-06-18 10 Reuters [KUALA LUMPUR] Malaysia's manufacturing sales rose 18.8 per cent in the year through April to RM39.1 billion (5516.9 billion), the government said yesterday. Sales fell 2.0 per cent seasonally unadjusted from RM39.9 billion in March, the Statistics Department said in a statement. The dataReuters - 64 words
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75 2005-06-18 10 AP w 1 [ISLAMABAD] Pakistan has completed arrangements to sell 26 per cent of the shares in its state-run telephone company amid employee protests over the sale, a government minister said yesterday. Minister for Privatisation and Investment Abdul Hafeez Sheikh said that mostAP - 75 words
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88 2005-06-18 10 Reuters [COLOMBO] The Colombo Stock Exchange gave its approval yesterday for an initial public offering by Telekom Malaysia's wholly-owned Sri Lankan unit, Dialog Telekom Ltd, a stock exchange statement said. Subscriptions for the offer is set to open on July 7 and DialogReuters - 88 words
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49 2005-06-18 10 AFP [BEIJING] East Star Airlines has won the approval of China's aviation authorities to begin operations as the nation's fourth licensed private carrier, state press said yesterday. The Civil Aviation Administration of China issued the approval recently, the official CAAC journal reported. —AFPAFP - 49 words
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Advertisement111 2005-06-18 10 CaH toll-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RGB COMMUNICATIONS PTE LTD. (MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the final meeting of the111 words
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REGION/WORLD
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Article, Illustration578 2005-06-18 11 It will pay US$2.5b for 9% stake and buy US$500m IPO shares later Bloomberg. Reuters [HONG KONG] Bank of America Corp, the secondbiggest US bank, agreed to pay US$3 billion for a stake in China Construction Bank, the largest acquisitionBloomberg.; Reuters; REUTERS,AFP - 578 words
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Article561 2005-06-18 11 These state banks account for the lion's share of China's total banking assets: Source: Reuters CHINA CONSTRUCTION BANK This top property lender has the lowest bad loan ratio of the Big Four state giants-trimmed to 3.92 per cent at the end of 2004 versus just over 11Source: Reuters - 561 words
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323 2005-06-18 11 Bloomberg [HONG KONG] Bank of Communications Ltd, China's fifth-biggest bank, may price the shares in its US$l.9 billion initial public offering at the higher end of a range marketed to investors, after attracting orders worth more than US$37 billion. Bank of Communications soBloomberg - 323 words
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192 2005-06-18 11 Reuters [SHANGHAI] China gave domestic insurers approval yesterday to invest in overseas stock markets for the first time, opening a new investment channel for the likes of China Life Insurance Co Ltd. The approval comes after insurers were given the green light in AugustReuters - 192 words
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312 2005-06-18 11 [NEW DELHI] India's cabinet decided on Thursday to allow foreign newspapers to print in India, ending a 50-year-old ban imposed by Jawaharlal Nehru, the first post-independence prime minister, the Financial Times reported. The decision, which is likely to be approved by312 words
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274 2005-06-18 11 Reuters [BEIJING] China yesterday rejected reports that it was building an aircraft carrier but said it could do so in the future. The denial from a senior official comes amid increasing worries over the country's robust military expansion. Military analysts say China hasReuters - 274 words
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378 2005-06-18 11 Reuters. Reuters ,Bloomberg [SHANGHAI] Bank of Shanghai has become the first Chinese city commercial bank to win a licence to trade financial derivatives, a dealer said yesterday, as Beijing moves to revive its futures and options market. The licence allows the Shanghai bank,Reuters.; Reuters,Bloomberg - 378 words
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Article, Illustration221 2005-06-18 11 Stephen Chow the hot bachelor AP [HONG KONG] Hong Kong comic actor and director Stephen Chow is one of the world's 50 hottest bachelors, according to the latest edition of the US entertainment magazine People. which hit newsstands yesterday. Chow, whose Kung Fu Hustle is the highest-gross-ing local film inAP; FILE PHOTO - 221 words
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WORLD
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Article, Illustration641 2005-06-18 12 They seek to deny AG data about low-income group lending practices NYT [NEW YORK] A coalition of national banks and a federal banking regulator filed separate lawsuits on Thursday against New York At-torney-General Eliot Spitzer, seeking to prevent him from obtaining data about theirNYT; BLOOMBERG - 641 words
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Article, Illustration272 2005-06-18 12 Bloomberg [NEW YORK] NBC Universal and Tom Hanks's production company plan to make a movie based on W Mark Felt, the Watergate source known as Deep Throat, after Universal Pictures bought the rights to his life story. Universal negotiated the rights with Mr FeltBloomberg; REUTERS - 272 words
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468 2005-06-18 12 [NEW YORK] Goldman Sachs reported a 27 percent decline in secOndquarter earnings yesterday, the first time in three years that its quarterly profit fell. Earnings were US$B65 million, or US$l.7l a shartf, compared with US$l.l9 billion, or US$2.3l a share, in468 words
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WORLD WATCH
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96 2005-06-18 12 Reuters [LE BOURGET, France] European aircraft maker Airbus said yesterday it had secured orders totalling U5533.5 billion during the airshow and expected to retain its market share of 50 per cent versus rival Boeing. The U5533.5 billion figure excludes the order for 40Reuters - 96 words
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154 2005-06-18 12 AFP [SEOUL] South Korea's Hynix Semiconductor Inc, one of the world's largest chip makers, is set to emerge from creditor oversight after successfully raising US$l.3 billion through a series of syndicated loans, its banks said yesterday. Five creditors, including largest lender KoreaAFP - 154 words
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135 2005-06-18 12 Bloomberg [SAN FRANCISCO] DeU Inc, the world's largest maker of personal computers, said it cut the price of its 42-inch, high-definition plasma television by 14 per cent, continuing the strategy of lowering prices to win market share. TheBloomberg - 135 words
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113 2005-06-18 12 Reuters [BRUSSELS] Denmark said on Thursday it had postponed plans to hold a referendum on the European Union constitution in September following an agreement among the bloc's leaders to extend the deadline for ratifying the treaty. "The referendum plan for September 27 is postponed. AReuters - 113 words
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107 2005-06-18 12 Reuters [FRANKFURT! Citigroup said yesterday it had been cleared in a probe into whether it had broken trading rules on the Eurex exchange in a controversial 2004 bond trade. "Citigroup is pleased to announce that it has been cleared by the CommitteeReuters - 107 words
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Article343 2005-06-18 12 Reuters [SAN FRANCISCO] Nearly one-fifth of Web users who read newspapers now prefer online to offline editions, according to a new study from Internet audience measurement company Nielsen Net Ratings. The first-time study from Nielsen Net Ratings found that 21 per cent of thoseReuters - 343 words
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Article, Illustration245 2005-06-18 12 Reuters [FRANKFURT] A German court has upheld the right of Wal-Mart staff in Germany to flirt at work, a spokesman said on Thursday, showing that Germany's restrictive labour laws also have their permissive aspects. The court rejected parts of WalMart's codeReuters; BERITA HARIAN - 245 words
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218 2005-06-18 12 Reuters [LONDON] France's Pernod Ricard looked set to buy British drinks group Allied Domecq for £7.6 billion (5523.2 billion), analysts said yesterday, as potential rival bidder Constellation Brands pulled out of the running. Analysts now expect Pernod's bid to succeed although it stillReuters - 218 words
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MOTORING
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Article, Illustration701 2005-06-18 13 SAMUEL EE - The Saab 9-3 SportCombi is a mix of machismo and spaciousness, says SAMUEL EE SAMUEL EE RARELY has a Saab been called "handsome" but the 9-3 SportCombi could very well be the first. While the Swedish marque has often been tagged with labels like "iconic" and "quirky", perhaps701 words
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Article, Illustration258 2005-06-18 13 Samuel Ee - By Samuel Ee THE order books are now open for two different sports cars from two famed marques. The first is from that exquisite sporting marque with the prancing horse. Ferrari has created the FXX, a limited edition GT with a 6,262 cc VI2 engine258 words
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Article, Illustration583 2005-06-18 13 SAMUEL EE - SAMUEL EE finds the new Opel Zafira taut and purposeful SAMUEL EE HAVE you ever looked at a kid, then his parents, and wonder if he was adopted because they look so different? Well, you may start entertaining those thoughts when you first see the new Opel Zafira.583 words
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Article, Illustration415 2005-06-18 13 Samuel Ee - By Samuel Ee THE new Opel Zafira will have big shoes to fill because its predecessor was such a revolutionary MPV when it was first introduced. When it was launched in 1999, the first generation Zafira was among the first to spark415 words
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NETWORK SINGAPORE
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Article, Illustration1208 2005-06-18 14 DAMIAN YAP - Sometimes, we never know how things will turn out in the end, as biochemist and active volunteer DAMIAN YAP finds out DAMIAN YAP I STILL remember the excitement when I first boarded a plane at Changi's crowded Terminal 1 bound for London. Not even the constant1,208 words
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Page 14 Advertisements
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Advertisement154 2005-06-18 14 ODr Damian Yap Boon Siew received the Singapore mnrrw»t»or Foundation (SIF) Award for the individual category in 2005 for doing .voik *rth youth in Easter Europe since 19%. The SIF Award recognises and howurs the efforts of Singaporeans at home or abroad who actively promote the Smgapore spirit abroad. Matriculated154 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration562 2005-06-18 15 AARON LYE - Pioneering production shows the way for local musical theatre, says AARON LYE AARON LYE WHAT do you do if you lament the state of the local musical scene, but don't necessarily have the funds that would be needed to make a difference? Well, if you're562 words
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Article1160 2005-06-18 15 Transaction Date: Jun 17 MOST ACTIVE STOCKS VOLUME VALUE China Sun HK25c 34.751.000 DBSGrp 70,642,687 ChinaEntSpSc 32.289.000 UOB 36,544,725 People's Food HK50c 18.902.000 SingTel 15c 28,990,552 UniFiber 10c 16.212.000 CitvPevSOc 27,714,900 Goldtron 5c 12.094.000 Venture Corp2 5c 25,323,200 Leonq Hin 20c 11.715.000 CapitaLand 25,074,268 Accord Customer 2.5c 11.694.000 SPH20c1,160 words
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GOLF
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Article, Illustration1306 2005-06-18 16 GEOFFREY EU - Golfing parents are a dedicated lot but what they treasure most is the quality time they spend with their kids, says GEOFFREY EU GEOFFREY EU IT'S almost noon on a recent Tuesday at the Orchid Country Club, and Larry Foo is busy chugging glasses of watermelon1,306 words
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Page 16 Advertisements
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Advertisement799 2005-06-18 16 Club Buzz WARREN Golf Country Club goes back to the kampung days tomorrow. Experience a tinge of nostalgia with its annual "Balik Kampung" event, comprising a huge bazaar, stage games and old-time contests, performances, competitions and hourly lucky draws with prizes worth more than $4,000 to be won. For every799 words
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WELLNESS
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Article, Illustration1541 2005-06-18 17 CHEAH UI-HOON,NGIAM YING LAN - CHEAH UI-HOON and NGIAM YING LAN sieve through the latest in health and nutrition books to see if they are worth your while CHEAH UI-HOON,NGIAM YING LAN WITH the number of books out there today which cover almost every aspect of health and well-being, there's littlePHOTOS BY CHRIS LOH - 1,541 words
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SHOPPING
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Article, Illustration1006 2005-06-18 18 CORINNE KERK - Leslie Chia left the fashion scene four years ago for a stint in real estate and has returned to his passion—bespoke clothes. CORINNE KERK reports CORINNE KERK HIS name might not ring a bell today, but 13 years ago, Leslie Chia was celebrated as the first winner1,006 words
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Article, Illustration330 2005-06-18 18 CORINNE KERK - CORINNE KERK has some Father's Day suggestions CORINNE KERK IT'S always a little hard to buy daddy gifts. More often than not, he's already got what he wants. And if there's something he really wants, you probably can't afford it. Still, there are fail-safe gifts you can get330 words
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IN STORE
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Article, Illustration93 2005-06-18 18 Dread missing the perfect picture because of a flat battery? Fujifilm's FinePix FlO Zoom boasts a battery life of 500 shots per single charge, which will make the 24/7 photographer happy. You'll appreciate the 1600 ISO and ultra-fast responses thanks to its impressive "Real Photo Processor" technology.93 words
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Article, Illustration144 2005-06-18 18 You could well be reading a description of a car: sleek, compact, made in Germany, quali-ty-tested to last up to 20 years. But Miele's new S4 weighs only 6.5 kg, with all accessories included. That's the family-owned German appliance brand's latest vacuum cleaner, unveiled two months ago. With144 words
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Article, Illustration107 2005-06-18 18 Ideal for both indoors and outdoors, this is one tough vacuum cleaner that's also appealing. Launched last month by well-known German cleaning equipment manufacturer Karcher, the A 2504 wet and dry cleaner has a powerful suction air flow rate and can also double as a robust blower.107 words
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TRAVEL/FOOD
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Article, Illustration1258 2005-06-18 19 GEOFFREY EU - GEOFFREY EU finds bliss in the barren yet beautiful outback of Australia's Northern Territory GEOFFREY EU STANDING atop a wind-swept sand dune sipping chilled champagne and watching the warm rays of the evening sun wash gently over an ochre-tinged rocky outcrop in the distance is a somewhat surrealPHOTOS BY GEOFFREY EU - 1,258 words
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Page 19 Miscellaneous
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Miscellaneous285 2005-06-18 19 CRYPTIC CROSSWORD 1 How news made 4 He 9 |eapt ouTto gerthe last 9 Remember about prayer (9) 5 needs energy to be- M 111 10 Fertiliser can returned again (5) come an entertainer (7) |h| L_j bsd 11 Survive, dismissed at g His shaky pine first was quite BB——285 words
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THE BUSINESS TIMES weekend
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Article, Illustration2076 2005-06-18 20 GEOFFREY EU - With the legendary Ferran Adria holding the torch, Spanish chefs are blazing a trail in a brave new culinary world, as GEOFFREY EU discovers GEOFFREY EU MENTION modern Spanish cooking and the first name that comes to mind is Ferran Adria, the creative genius (or mad scientist,PHOTOS BY GEOFFREY EU - 2,076 words
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Page 20 Advertisements
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Advertisement14 2005-06-18 20 Go North to the Red Rock and find yourself in splendid isolation pg 1914 words
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