The Business Times, 24 March 2006
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2006-03-24
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The Business Times
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Title Section13 2006-03-24 1 THE BUSINESS TIMES Friday, March 24,2006 SINGAPORtBS"?ents online at http://business-times.asial.com.sg MICA (P) 099/03/200613 words
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571 2006-03-24 1 VEN SREENIVASAN - Market insiders expect A$147m Qantas divestment will not be the last By VEN SREENIVASAN [SINGAPORE] Temasek Holdings' realignment of its portfolio continued yesterday with the sale of 40 million shares in Australia's Qantas Airways for almost Asl47 million (Ssl7o million). The sale of the571 words
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Article, Illustration512 2006-03-24 1 CONRAD TAN - By CONRAD TAN [SINGAPORE] Former US Federal Reserve chairman Paul Volcker is joining the governing board of the Lee Kuan Yew School of Public Policy, together with two other high-profile policy experts. Sources at the school told BT that Mr VolckerBLOOMBERG - 512 words
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Article142 2006-03-24 1 STI 2.491.64 (+2.37) ST INDEX FUTURES 2.493.00 (+2.00) SIMSCI 294.87 (+0.73) SIMSCI FUTURES 294.50 (+1.10) MARKETS Thursday Change KLSECOMP 925.11 +3.17 NIKKEI 225 16,489.37 -6.11 HANG SENG 15,771.17 +128.36 SET INDEX 729.72 +5.31 JAKARTA COMP 1,305.62 +3.30 MANILA COMP 2,192.78 +8.08 SEOUL COMP 1,312.26 +2.43 SHENZHEN B 254.43142 words
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Page 1 Advertisements
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Advertisement9 2006-03-24 1 MRP EXEC LIFESTYLE Private collections go public PG32 —ft9 words
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Advertisement37 2006-03-24 1 COMMENTARY Taking the state outofltemasek PG2 8 BTONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http:// business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.37 words
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Advertisement57 2006-03-24 1 M'SIAN IMPORTS 'AP Kings' lose right to import cars OIL S'pore refining margins still under pressure PGII ■'</ >0 1; ■'•'•i'' I m All I AI I "l-L nwho fe chappen f r* mtreux tfival lis apore rmedions. I ~<i I I :f I I I ij YS I i~57 words
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TOP STORIES
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Article89 2006-03-24 2 YES, we have the winners. Names of readers who signed up for a year's subscription of The Business Times in our recent subscription drive were entered for a lucky draw with some very attractive prizes. We are pleased to announce the winners of that draw and their89 words
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Article611 2006-03-24 2 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG THE state-led approach has been the Singapore model when it comes to investing abroad. But as the Shin Corp acquisition by Temasek Holdings highlights, the state-led model has its drawbacks. What this suggests is that greater impetus611 words
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Article, Illustration693 2006-03-24 2 LESLIE YEE - Korean bank to pay US$6.6b for 64.1% stake from Lone Star and others By LESLIE YEE [SINGAPORE] As widely anticipated by market watchers, DBS Group has lost out in the contest to be the preferred bidder for US-based Lone Star investorAP - 693 words
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Article469 2006-03-24 2 Harrah's sees IR cashflow returns of at least 15% HARRAH'S Entertainment, bidding with Keppel Land for the right to build and operate the Marina Bay integrated resort, expects the project to generate cashflow returns of at least 15 per cent a year. Chief executive Gary Loveman said that469 words
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Article, Illustration724 2006-03-24 3 CHUANG PECK MING - Surgeon, volunteer, MNC director are first of new names announced by party By CHUANG PECK MING [SINGAPORE] "I'm doing this for my children and your children," Lim Wee Kiak said yesterday at the People's Action Party headquarters, where the ruling724 words
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Article, Illustration758 2006-03-24 3 ALEXANDRA HO - By ALEXANDRA HO [SINGAPORE] Harrah's Entertainment, bidding with Keppel Land for the right to build and operate the Marina Bay integrated resort (IR), expects the project to generate cashflow returns of at least 15 per cent a year. "We thinkARTHUR LEE - 758 words
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Article, Illustration533 2006-03-24 3 GENEVIEVE CUA - By GENEVIEVE CUA [SINGAPORE] Morgan Stanley has roped in four bankers from Goldman Sachs in a determined effort to carve a niche in the Indonesian high net worth market. The assets will be managed and advised out of Singapore. ExecutiveARTHUR LEE - 533 words
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Advertisement195 2006-03-24 2 INTERTJUMKO presents Monday 27 March 2006 Tanker Chartering Seminar Shipowners' Liabilities New Developments and Dangers in Tanker Chartering at the office of Rajah Tann Featuring well-known legal practitioners from the U.K., U.S. and Singapore. including Holland Knight LLP; Steamship Insurance Management Services; Tulane Law School; Rajah Tann in Singapore The195 words
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Advertisement800 2006-03-24 2 people Do we know r you? (Register with us today) www.thepHople.itwork.com Asia-Pacific Executive Search 'N the MAT™ OF I «L™ <*„ I o££X.cZ*> THE 50 I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT And AND AND (CHAPTER 50) In the Matter of PTE LTD PANTAS800 words
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Advertisement64 2006-03-24 3 Jfl B Palais Renaissance Paragon^^^^^^^BJJl M iMfc.,- Jg| ■Hi, VP J Ktofe*w j """I. v j? I AJ 1 i/ iH |f- J J 1/ .41 M H[ jm| ■-a «H\ ..J J| tf/.. v,. ■MMP^ ■r#/A jH *1 BPWW(M w IP J IF Br* JL, |F mm w lllp64 words
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COMPANY NEWS
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477 2006-03-24 4 SIOW LI SEN - Temasek names Surin as new Shin director By SIOW LI SEN TEMASEK Holdings has wasted no time installing Surin Upatkoon as a new director in Shin Corp even as the Thai acquisition of the Singapore investment company appears to be shrinking in value. But477 words
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Article, Illustration782 2006-03-24 4 LESLIE YEE - Should DBS go for lower-hanging fruit as appears to be OCBC's case? CORPORATE ANALYSIS By LESLIE YEE THIS week has witnessed contrasting styles in the overseas expansion plans of two Singapore banks. OCBC Bank announced an acquisition in Vietnam782 words
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288 2006-03-24 4 ARTHUR SIM - By ARTHUR SIM ASCENDAS Real Estate Investment Trust (A-Reit) is buying two logistics properties from Sembawang Kimtrans for $78 million. The properties Sembawang Kimtrans Logistics Centre and Logistics 21 will be yield accretive to AReit's distributable income per unit (DPU) and the288 words
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370 2006-03-24 4 CONRAD TAN - By CONRAD TAN ALLCO Commercial Real Estate Investment Trust (Allco Reit) has launched its initial public offering for a Singapore listing. Hailed as Singapore's Asia-Pacific Reit focusing on high-quality commercial office and retail properties, Allco Reit is hoping to370 words
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478 2006-03-24 6 TEH HOOI LING - The 40MW facility in Sichuan will be its fourth hydro power station By TEH HOOI LING ASIA Power will invest about $10 million to develop a hydroelectric power station in China's Sichuan province, bringing its hydroelectric plant investments to four.478 words
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253 2006-03-24 6 UMA SHANKARI - By UMA SHANKARI VIDEO entertainment distributor Scorpio East Holdings, which started trading on the Singapore Exchange yesterday, saw its stock price fall at the end of the day after it was elbowed out by more established players. Scorpio's shares253 words
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404 2006-03-24 6 CONRAD TAN - Disc equipment maker signs MOU and hopes to close deals in 8 months By CONRAD TAN HONG KONG-BASED Anwell Technologies, a manufacturer of optical disc replicating equipment, has unveiled plans to acquire three companies as part of its vertical integration strategy. It404 words
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Article6006 2006-03-24 6 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8 64/ ACMGI Amer Income A EUR 7.1V ACMGI Amer Income B EUR 7.1V S»f55f25?! Mflt(SpOfa) 0 qw ACMGI Europ Income Opp AT SGD 14.98/ ACMGI Europ income Opp BT SGD... 14.98/ iZl. ACMGI Europ Income Opp AT EUR .7661 I? ACMGI6,006 words
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473 2006-03-24 7 NANDE KHIN - Maker of stamping machines and parts wants to expand production, spend more on R&D By NANDE KHIN CHINA-BASED Bright World Precision Machinery Ltd, a manufacturer of stamping machines and related components which is eyeing a Singapore listing, yesterday lodged its preliminary prospectus with473 words
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204 2006-03-24 7 TWO months after winning the rights to bring Gap and Banana Republic to Singapore and Malaysia, fashion retailer FJ Benjamin has put the chief executive of its Malaysian subsidiary in charge of the two brands. Angie Chong, who has led FJ Benjamin204 words
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134 2006-03-24 7 SUN East, which manufactures and distributes beauty, skincare and hygiene products, launched its initial public offer yesterday in a bid to raise $28.3 million. The China-based firm, which is seeking a mainboard listing, is offering 122.3 million shares at 26 cents each,134 words
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244 2006-03-24 7 Reuters DEVELOPER Ho Bee Investment Ltd yesterday said it will cut its debt this year, and could beat analysts' profit forecasts thanks to strong sales of luxury homes on the resort island of Sentosa. Ho Bee executive director Ong Chong HuaReuters - 244 words
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Article332 2006-03-24 7 MATTHEW PHAN - By MATTHEW PHAN INVESTMENT services group GK Goh Holdings (GKG) has joined forces with Austock Group to set up a fund targeted at private equity investments in Australia and New Zealand. AG Fund Pty Ltd (AGF) will have an initial capital of As 2332 words
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COMPANY BRIEFS
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Article75 2006-03-24 7 NOBLE Group, a global supply chain manager of agricultural, industrial and energy products, yesterday announced the construction of an ethanol plant by MABE.a Nebraska-based holding company in which it is a shareholder. The 44-million gallon plant, located in Madrid, Nebraska, is expected to reach mechanical75 words
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64 2006-03-24 7 KEPPEL FELS, part of Keppel Corp, has secured yet another contract for a US$l32 million jack-up rig from Norwegian-owned Sea Drill Ltd. The order was obtained via an option given to Odfjell Partners which was acquired by Sea Drill last year. Odfjell had ordered one64 words
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54 2006-03-24 7 ECON International will change its name to Jasper Investments Ltd following a change in its principal business from building and construction to investment holding. The name change came six months after controlling shareholder, Morton Bay (Holdings) Pte Ltd, bought a 47.5 per cent54 words
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44 2006-03-24 7 ASIA-PACIFIC Breweries said that its associated company, Heineken APB (China) Pte Ltd (HAPBC), has purchased another 9 per cent stake in Jiangsu DaFuHao Breweries Co Ltd. This raises HAPBC's total interest in DaFuHao to 49 per cent.44 words
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87 2006-03-24 7 Reuters [JAKARTA] Indonesia's largest automotive distributor, PT Astra International, yesterday reported a nearly one per cent increase in net profit in 2005 amid declining sales at the end of last year. Astra, the fifth largest capitalised company on the Jakarta exchange, said itsReuters - 87 words
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Advertisement58 2006-03-24 4 WIN $10,000 5 CASH! Stand to win $1,000 cash weekly! You only need to register as a user and submit Iyour current salary information, and you could be the lucky winner chosen each week. Log on to www.st7ol.com from 24 March to 2 June 2006. AN E-MARKETPLACE BROUGHT TO YOU58 words
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Advertisement468 2006-03-24 4 IN THE MATTER OF IN THE MATTER OF THE 1 COMPANIES ACT, CAP. 50 "i JOinina THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JOlnlMO 3 ALLIED HOCK BEE f ftrp p c Dd INTERNATIONAL PTE LTD f nr ppc? IOILCSr rv TUi- uiTTFB nr (IN MEMBERS'VOLUNTARY lUH.CSJ468 words
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Advertisement707 2006-03-24 5 ALLCOPEifc IHfl Mhm Managed (Singapore) Limited Sole Global Co-ordinator and Sole Financial Advisor Joint Lead Underwriters and Bookrunners CreditSuisse CreditSuisse ODBS Sub-Underwriters ATT o UOBKayHian ALLCU Important Notice The Allco REIT prospectus dated 23 March 2006 (the "Prospectus") is available upon request and a copy may be obtained from the707 words
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Advertisement33 2006-03-24 6 t DIT Europazins Best Bond Europe Fund over 5yrs category Allianz (rii) v rated AA by Standard Poor's. Global investors Souice: The tctge I l|)f)CI Sin<|iipnic hind Awaul, ?00l, company reRn no **********33 words
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Advertisement1511 2006-03-24 7 :*AT3 &f NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF HOTEL EQUATORIAL PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0151E NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members and creditors of the1,511 words
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Advertisement1217 2006-03-24 8 FINANCIAL RESULTS CA r\RQ ENDED 31 DECEMBER 2005 CV -L/13k3 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2005 The following Financial Statements contain only a summary of the information in the full financial statements and directors' report of DBS Group Holdings Ltd and its subsidiaries ("the Group"). They1,217 words
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Advertisement1149 2006-03-24 9 BDBS We have examined the Summarised Financial Information set out above. DIVIDENDS The Directors have recommended a final gross dividend of 17 cents for each DBSH ordinary share. All dividends will be paid In our opinion, the Summarised Financial Information is consistent with the financial statements and directors' report of1,149 words
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SINGAPORE MARKETS
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Article, Illustration550 2006-03-24 10 R SIVANITHY - STOCKS Second line bubbles over as China stocks and tech plays are rerated after 'buy' calls R SIVANITHY Senior Correspondent THE Straits Times Index appears to be locked in a sort of stasis surrounding the 2,500 mark it has constantly flirted with this levelSource: Bloomberg - 550 words
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Article, Illustration1018 2006-03-24 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 23 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr COOP) ('000) Westcomb 23-Mar-06 Choo Chee Kong *Buy 31 0.30 ***** 34.06 ***** 34.08 SPC 23-Mar-06 Keppel Corp1,018 words
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Article, Illustration865 2006-03-24 10 UMA SHANKARI - Compiled by UMA SHANKARI Pine Agritech March 23 close: $1.63 JP MORGAN, March 22 Pine Agritech (33 per cent owned by People's Food) had an IPO in 2005. It is a food processing company that develops, produces and markets soybean based health food and food ingredients. The companySource: Bloomberg - 865 words
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Article, Illustration508 2006-03-24 10 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE New Zealand dollar enjoyed an overdue respite yesterday after news that the country's current account deficit had not deteriorated as badly as feared, the US dollar enjoyed a modest comeback versus its European counterparts, and the mood forSource: Reuters - 508 words
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SINGAPORE NEWS
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631 2006-03-24 11 KALPANA RASHIWALA - But Knight Frank says industrial market still stagnant By KALPANA RASHIWALA THE Singapore office market continued to recover in the first quarter of this year, but the industrial property market remains lacklustre, according to reports released yesterday by property consultants. Jones Lang631 words
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353 2006-03-24 11 GENEVIEVE CUA - By GENEVIEVE CUA COMMERZBANK Asset Management (CAM) is closing its unit trusts in Singapore. Eight funds are closing, most of them index funds representing various sectors like energy and resources, and telecommunications. One of the funds is a Singapore bond fund. Notice of353 words
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552 2006-03-24 11 WONG WEI KONG - CRIMSONLOGIC CASE By WONG WEI KONG THE man at the centre of the Crimson Logic corruption case said yesterday the decision by hypermarket Carrefour Singapore to award a major IT project to Crimson Logic was not contingent upon his request for money552 words
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Article, Illustration207 2006-03-24 11 MOTOR Image Enterprises opened a $25 million distribution centre for Subaru vehicles last night in Toa Payoh. This centre includes showrooms, sales of new cars and parts, servicing and repairs, all under one roof. There is a multi-terrain track on the top floor of207 words
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157 2006-03-24 11 UMA SHANKARI - By UMA SHANKARI THE consumer price index (CPI) rose by 1.2 per cent year-on-year in February slightly lower than the consensus analyst forecast of 1.5 per cent —on the back of rising housing prices. According to figures released by157 words
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515 2006-03-24 11 RONNIE LIM - By RONNIE LIM FOLLOWING a weak final quarter last year, this first quarter has also proven to be a "challenging period" for Singapore refiners. They have seen a steep decline in margins in the first two months, although margins have since "firmed up significantly"515 words
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Advertisement204 2006-03-24 11 AT FREIGHT WAREHOUSE NEAR CHANGI AIRPORT SHORT NOTICE PUBLIC AUCTION LIQUIDATION OF HIGH VALUE AIR CARGO CANCELLED EXPORT ORDER STOPPED IN TRANSIT Urgent Auction Disposal Guaranteed Genuine Authentic Handmade FINE PERSIAN EASTERN RUGS RUNNERS CARPETS Connoisseur A Decorative items of highest Exhibition calibre exclusively selected for S.E. Asia wealth market204 words
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ECONOMY WATCH
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718 2006-03-24 12 Reuters [TOKYO] Few Japanese individual investors plan to scale back investment in the stock market just because the Bank of Japan (BOJ) ended its five-year-old ultra-easy monetary policy earlier this month, a Reuters survey showed yesterday. Retail investors, who account for about 40Reuters - 718 words
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Article2410 2006-03-24 12 VOl General Corp 0.50 0.02 133 Mar 23 RM C000) Genting .24.60 0.30 704 George Kent .0.55 -0.01 48 ASM Realty 1.38 unch 6 GHL Systems .0.19 -0.01 2800 Abric 0.35 0.02 217 GlobetronicsTech 0.32 unch 642 ACP Industries 0.94 -0.01 490 Glomac Bhd 1.22 -0.01 208 Advance2,410 words
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Article, Illustration986 2006-03-24 12 NYT [HONG KONG] The Chinese government announced plans on Wednesday to increase existing taxes and impose new ones on April 1 for everything from gasguzzling vehicles to chopsticks in one of its strongest moves yet to rein in rising energy use andNYT; AFP - 986 words
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Article, Illustration466 2006-03-24 12 Reuters (HONG KONG] The architect of the Plaza Accord said yesterday that a similar deal between global trading partners was not an option to resolve current economic imbalances because there was no consensus between countries. James Baker was US Treasury Secretary in 1985 whenReuters - 466 words
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MALAYSIA/INDONESIA
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Article, Illustration760 2006-03-24 13 S JAYASANKARAN - 3 firms told they will not be granted auto-import licences BT exclusive By S JAYASANKARAN in Kuala Lumpur IN developments that could signal the first casualties of Malaysia's newly announced National Automotive Policy (NAP), the government has stripped atTHE STAR; NST - 760 words
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300 2006-03-24 13 Reuters [JAKARTA] Indonesia's largest listed miner, PT Bumi Resources Tbk, plans to invest US$3.4 billion in industry sectors such as mining and energy, with financing partly from the sale of two coal mines, a company executive said yesterday. Last week, Bumi saidReuters - 300 words
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Article, Illustration878 2006-03-24 13 S JAYASANKARAN - MALAYSIA'S NEW AIR MAP Reports by S JAYASANKARAN in Kuala Lumpur KUALA LUMPUR'S exclusion of its national carrier from most domestic air routes in favour of Air Asia has offered the budget airline a market of eight million potential new passengers while interferingREUTERS - 878 words
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417 2006-03-24 13 THE state decision to hand over most domestic air routes to no-frills carrier Air Asia has provided an immediate sweetener to the budget airline amid some serious questions by Malaysian Airline System, the state-owned carrier which lost its decades-old grip on the domestic sector.417 words
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385 2006-03-24 13 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA has finally lifted a ban on the short selling of shares, more than eight years after it was introduced to prevent speculators from causing greater damage to its share market. However, short-selling would be confined385 words
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Article, Illustration460 2006-03-24 13 PAULINE NG - By PAULINE NG in Kuaia Lumpur MALAYSIA'S Khazanah Nasional yesterday sought to assure investors that the transformation of govern-ment-linked companies (GLCs) was on track and would pay better dividends from 2007 onwards. But its managing director Azman Mokhtar urged investors to keepBLOOMBERG - 460 words
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GREATER CHINA
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525 2006-03-24 14 China's stock watchdog rejects its proposal to buy 49% of broker Reuters [SHANGHAI] JPMorgan has failed to persuade Beijing to let it buy a controlling stake in a troubled Chinese broker, industry sources said, a sign that entry into the sector may prove trickierReuters - 525 words
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480 2006-03-24 14 Reuters [NEW YORK] Bank of America Corp, the No 2 US bank, said it hopes this year to set up a joint venture with China Construction Bank Corp to issue credit cards in the world's most populous country. InReuters - 480 words
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224 2006-03-24 14 AP [HONG KONG] China Telecom Corp, the country's largest fixed-line phone operator by subscribers, said on Wednesday its 2005 profit fell slightly from a year earlier after booking deferred income from connection fees. The company reported a net profit of 27.91 billion yuan (555.6AP - 224 words
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435 2006-03-24 14 Reuters [HONG KONG] Cheung Kong (Holdings) Ltd, the flagship property arm of Hong Kong's richest tycoon, posted a 31 per cent rise in full-year net profit yesterday because of a rally in Hong Kong's housing market and a spin-off of Australian assets. TheReuters - 435 words
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Article, Illustration473 2006-03-24 14 Reuters [HONG KONG] China will grant third generation (3G) mobile licences this year, the chairman of No 2 fixedline carrier China Netcom said, in a high-level hint at the timetable for the longawaited move on 3G. In an interview with Reuters,Reuters; REUTERS - 473 words
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Advertisement2085 2006-03-24 14 MOTirP np UPFTIMA IN THE MATTER OF THE IN THE MATTER OF THE IN THE MATTER OFTHE COMPANIES ACT, CAP. 50 COMPANIES ACT (CAP. 50,1994 Ed) COMPANIES ACT (CHAPTER 50) IN THE MATTER OF IN THE MATTER Of IN THE MATTER OF GRANTCHESTER PTE LTD BONSEL DEVELOPMENT CHUAN CO HARDWARE2,085 words
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Advertisement926 2006-03-24 14 FALMAC LIMITED (Company Registration No. *****3718R) Incorporated in the Republic of Singapore NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FALMAC LIMITED will be held at 438 Alexandra Road, Multi-Function Room, Level 2, Alexandra Point Singapore *****8 on Monday, 10 April 2006 at 4.00 p.m. for the following926 words
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INDIA
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322 2006-03-24 15 Reuters [MUMBAI] Cable network and movie studio owner Viacom Inc is keen to tap India's digital media business and explore coproducing films to address its large base of young peojfle, its chief executive said on Wednesday. Viacom, which owns MTV and the Nickelodeon channels,Reuters - 322 words
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477 2006-03-24 15 Lender wants to raise funds, may consider stock split Bloomberg [NEW DELHI] The Indian Cabinet yesterday approved legislative changes that will enable State Bank of India, the nation's largest lender, to sell shares in its seven associate banks. Mumbai-based State BankBloomberg - 477 words
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586 2006-03-24 15 PRIYANKA BHARDWAJ - By PRIYANKA BHARDWAJ in New Delhi RECENT developments in the world have emphasised the importance of renewable energy and the quest for nations to tap every source. Recognising this, Indian companies as well as the government are quick to seize opportunities586 words
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Article, Illustration694 2006-03-24 15 SIDDHARTH SRIVASTAVA - Row over other posts threatens to disqualify her from Parliament By SIDDHARTH SRIVASTAVA in New Delhi INDIAN shares gave up gains and ended flat yesterday after Sonia Gandhi, president of the ruling Congress party, said she would quit as an MP afterREUTERS - 694 words
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Advertisement994 2006-03-24 15 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Inter-Roller Engineering Limited will be held at 20 Benoi Crescent Singapore *****3 on 18 April 2006 at 10:00 a.m. for the following purposes: As Ordinary Business 1. To receive, and if approved, to adopt the994 words
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Advertisement113 2006-03-24 16 sBBBgIiL I i^^KSgT n H I Get your life back I ~s^gßg®n '^^ggggggmSmm^ior Tj^Hf i k Want to leave that bottomless in-tray? ST7OVS advanced Job Matching Engine will pair you with positions that fit your skills, qualifications and career preferences from a wealth of fresh and real jobs in www.ST7ol.com.113 words
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ASIA-PACIFIC/WORLD
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Article, Illustration615 2006-03-24 17 Preparation flaws, conflict of interest cited for decision against Egat sale By OUR CORRESPONDENT in Bangkok THE Thai government's plans to privatise various state assets yesterday received another blow as the Supreme Administrative Court ruled that the planned sell-off of electricity generatorAFP - 615 words
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388 2006-03-24 17 LATEST US DATA Reuters. AP Bloomberg, [WASHINGTON] Sales of existing US homes climbed 5.2 per cent in February, the first time since August, defying expectations for a slowdown, as unseasonably warm weather boosted sales of both single-family homes andReuters.; AP; Bloomberg, - 388 words
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Article, Illustration717 2006-03-24 17 By OUR CORRESPONDENT in Bangkok EMBATTLED Thai Prime Minister Thaksin Shinawatra yesterday entered his office for the first time in the nine days since protesters surrounded the compound as part of their attempts to force him to resign. A public opinion717 words
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Article, Illustration509 2006-03-24 17 Bloomberg Reuters. [LONDON] Britain set out flexible terms on Wednesday for the introduction of tax-efficient Real Estate Investment Trusts (Reits) next year, raising the scope for more investment in UK property and boosting the sector's shares. In its 2006 Budget statement, theBloomberg; Reuters.; AP - 509 words
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498 2006-03-24 17 LAT-WP. AP [WASHINGTON] General Motors Corp's offer of buyouts to tens of thousands of older, high-wage factory workers on Wednesday is the latest effort to transform an outmoded US auto giant besieged by more nimble global rivals. The landmark agreement among GM, theLAT-WP.; AP - 498 words
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Advertisement86 2006-03-24 17 r FOR SALE BY PRIVATE TREATY 1 I PRIME RESIDENTIAL DEVELOPMENT SITE ©HOLLAND ROAD I I 100% CONSENT OBTAINED I Land Area: 14,146 sqf I I #p p ot Rat 1,6 I I market <§> close proximity to 1 I court <£" p, Orchard Road I I Shopping belt and86 words
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AVIATION
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Article, Illustration423 2006-03-24 18 VEN SREENIVASAN - 2006 loss seen lower at US$2.2b; 2007 profit, higher at US$7.2b By VEN SREENIVASAN [SINGAPORE] The International Air Transport Association (lata) has raised its performance forecast for global airlines, projecting that carriers globally would lose US$2.2 billion this year and post profits of US$7.2BLOOMBERG - 423 words
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247 2006-03-24 18 Bloomberg [BANGKOK] Thai Air Asia Co, a low-fare airline venture between Shin Corp of Thailand and Malaysian budget carrier Air Asia Bhd, posted a record fourth-quarter profit as it carried more passengers paying higher fares. Net income was 110 million baht (554.5 million) inBloomberg - 247 words
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Article, Illustration528 2006-03-24 18 [SINGAPORE] The International Air Transport Association (lata) has criticised Malaysia Airports Holding Berhad (MAHB) for giving favourable treatment to users of its new Low Cost Carrier Terminal (LCCT) at the expense of the main terminals at Kuala Lumpur International Airport (KLIA).AP - 528 words
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437 2006-03-24 18 Reuters [NEW YORK] FedEx Corp, the world's largest air-ex-press carrier, on Wednesday posted a higher quarterly profit on a better-than-expected US holiday season, strong global economic growth and price increases, and raised its full-year profit forecast. The Memphis-based company, often perceivedReuters - 437 words
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247 2006-03-24 18 Bloomberg [LONDON] British Airways, Europe's third-largest airline, proposed that employees retire later and offered to make a £500 million (Ssl .4 billion) payment into its pension plan to close the deficit in the fund. The retirement age for pilots will rise to 60Bloomberg - 247 words
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Article2218 2006-03-24 18 OTT HJgMT ITA fUtMT FTP VF542 2130 SQ148 1900 SQ147 2235 A***** 1925 AbaPbabi SQ455 1205 GAH»6 2j00 Ohafca SCg35 0550 MB 1910 AMaMo AF8087 1925 LH9770 2350 BG84 1755 SQ436 2030 BA7381 1925 SQ229 2350 Dohi QR626 1210 QR639 0635 <*81 1925 QUIP tW rihmtiithill2,218 words
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183 2006-03-24 18 AP (KUAI.A LUMPUR] Malaysian Airline System unions yesterday urged the government not to relinquish the flag carrier's domestic routes to budget airline Air Asia, saying up to 7,000 staff may lose their jobs. The government last week said MAS wouldAP - 183 words
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SHIPPING
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Article, Illustration511 2006-03-24 19 Growth in profit led by gains in container volume in Panama, Xiamen Bloomberg [HONG KONG] Hutchison Whampoa, which owns the world's largest port operator, said its 2005 profit from managing container terminals rose 14 per cent as shipments were boosted by Asia'sBloomberg - 511 words
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180 2006-03-24 19 Bloomberg [SYDNEY] Toll Holdings Ltd, Australia's biggest road and rail freighter, needs to further increase its hostile A 55.5 billion (556.4 billion) takeover offer for port cargo handler Patrick Corp, analysts said. Melbourne-based Toll raised its cash and stock bid byBloomberg - 180 words
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825 2006-03-24 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR AN English court last week upheld the ruling of a panel of arbitrators that once a vessel's unseaworthiness is found to be a cause of cargo damage, there is no further need to inquire whether that unseaworthiness825 words
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Article, Illustration558 2006-03-24 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Singapore Telecom (Sing Tel) has rolled out a new maritime service promising unlimited broadband satellite communications including data and voice between ship and shore for a fixed monthly fee. The new Maritime VSAT (very small aperture terminals) service enters an increasingly558 words
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399 2006-03-24 19 Bloomberg [HONG KONG] Cosco Pacific Ltd, the world's fifth-largest port operator, increased profit by 5.9 per cent in the second half as it handled more cargo and leased more containers because of a surge in China's exports. Net income rose toBloomberg - 399 words
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Article292 2006-03-24 19 SGX 000 M«r n ss w- w CH Offshore .037 unch 125 ChuanHi* .0.35 0.01 1544 Cosco Corporation 1.23 0.05 ***** CWT Distribution 1.04 0.01 52 Ezra Hldgs .2.59 -001 Freight Links 0.06 unch 201 Grand Banks Yacht 0.89 unch 0 Java Holdings 1.31 0.01 1846 Kf Venture292 words
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Page 19 Advertisements
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Advertisement20 2006-03-24 19 Ift'fftfel mould Ihk wi delink the I US dollar peg I I soon? I I jH rfi I I I20 words
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EDITORIAL & OPINION
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530 2006-03-24 20 EDITORIAL FINANCIAL markets have prepped themselves for a 15th quarter per cent rate hike by the US Federal Reserve Bank's interest rate committee after their meeting next Tuesday. And some Fed-watchers seem to believe that Fed chiefs will only hike once more thereafter530 words
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Article, Illustration768 2006-03-24 20 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent THESE are troubling times for the European Union's top policymakers. Competition from China and India is on the rise, jobs remain in short supply and outrage in many Muslim countries over the publication of caricatures of the768 words
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Article, Illustration1034 2006-03-24 20 IAN TILL - With 'buying' leaders becoming very difficult, 'building' leaders is the only way to success By IAN TILL THE war for talent is well under way. The world's workforce is becoming smaller as you read this and at the same time, it isFILE PHOTO - 1,034 words
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320 2006-03-24 21 Chia-Tern Huey Min (Mrs - LETTERS TO THE EDITOR Chia-Tern Huey Min (Mrs) Assistant Commissioner (Tax Policy and International Tax Division) Inland Revenue Authority of Singapore WE REFER to your articles "Tax deduction on share options fraught with problems" and "Tax relief for treasury shares: the implications" (BT, March 11).320 words
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Article, Illustration838 2006-03-24 21 LEON HADAR - 'Democratising Iran: a case of deja vu The guys who brought you the liberation of Iraq are at it again LEON HADAR Washington Correspondent IN THE 1993 movie comedy Groundhog Day, Bill Murray plays a weatherman who is reluctantly sent to cover a story about the rodent whose internal clockAFP - 838 words
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420 2006-03-24 21 Leong Sze Hian Singapore - Leong Sze Hian Singapore I REFER to the HDR's housing policy for divorced and separated singles. Divorced singles who are 35 years old or more but have not fulfilled the condition of five-year minimum occupation period (MOP) for new HDB flats or420 words
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Article, Illustration963 2006-03-24 21 KEITH BRADSHER - By KEITH BRADSHER NYT VOLKSWAGEN and other carmakers used to prosper by sending outdated factory equipment to China to produce older models no longer salable in the West. But competition has become so fierce here that Honda is about to introduceNYT; BLOOMBERG - 963 words
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Page 21 Advertisements
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Advertisement102 2006-03-24 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletteresph.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 laws.102 words
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Article10951 2006-03-24 22 SGX MAINBOARD Transaction date: Mar 23 52-Wk Tel last Vol Day Last Quote GrOiv Div GrYW Net MCap High Low Code Company Sale ('000) High Low Buyer SeWec Cvr P/E Smil 5 1.5 5716 1st Software 5c 2 1.5 2 8.1 18.5 6 3148 8TelecomUS2c 7.5 unch 115410,951 words
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Article6152 2006-03-24 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy %yr Mar 22 Index Change Change Change Change Change Change World Index Preliminary 1022.0 0.2 5.4 0.0 3.2 0.2 6.2 EAfE Preliminary 1040.2 0.1 6.9 0.0 5.5 0.2 8.6 Europe Preliminary6,152 words
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Advertisement1191 2006-03-24 24 NYK GROUP SOUTH ASIA PTE LTD JTjCf fMir OS?) TS Mt LIME Fax:*****Bs6(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO CO»*KU RASH*. UO. (C/R NO: **********0E) UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination ERIKOUSA RDM/ATW/BMN/TLB/NAN HANJIN HOUSTON VCB/VCW/LAX/MZL NASSAU PARADISE RDM/ATW/BMN/TLB/NAN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST1,191 words
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Advertisement753 2006-03-24 24 INTIKASIA RQRQ SiKVKE Vtssa/VOY RAMTQCT) HBGHRM) KG KCH LCI SjN J*T STRAITS VENTURE 06/06 IS 3.2 06/04 09/04 20/04 23/04 25/04 STRAITS VENTURE 07/06 IS 3.2 27/04 30/04 04/05 07/05 09/05 STRAITS VENTURE 01/06 15 3.2 U/OS 15/05 18/05 21/05 23/05 IftlimtllAlJ WVICF 1 VESSEL/VOY RAMUKT) HBGHT(W) 13 ii N753 words
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Advertisement1455 2006-03-24 25 WAN HAI INTERNATIONAL PTE LTD at NO 14M*****00/R VTTf\ ftl«Al| Mil I lAirr nL "26ISM (HUMS) FAX:*****163 Vvi i WAN HAI LINFs u«-owi«*i»o Y V ''Hll lini hlllktj Hd TO: (03) 3346U1S MX: (03) *****2 M HMIH: (04) *****00 MX: (04)*****99 V JOH 111: (07) *****23 MX: (07)*****21 SUtlB: (031)*****751,455 words
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Advertisement209 2006-03-24 25 p. T. DJAKARTA LLOYD (PERSERO) If© AUSTRALIA FULL CONTAINER SERVICE As Agents Starship Agencies (MAL) Pte Ltd Operator Code: DJ CR NO. **********0H vst Ivor I Ml I we I nti I w I std I ma I w WUWMW 0»S 24/03 21/83 07/04 09/04 11/04 14/0 WWW 024S 02/04209 words
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Advertisement2130 2006-03-24 25 VESSEL VOY SIN Jig KIP f|fi VESSEL VOY SIN JKT SUB HKG USN PUS HANJIN POHAWG 0302E 31/3 2/4 1/4 12/4 KMTC PUSAN 604S 26/3~ 29/3 30/3 ~4/4 87T~9/T HAMJ1N SEOUL Q300W 7/4 1/4 IS/4 19/4 KMTC JAKARTA 604S ~2/4~ ~5/4 6/T "H/T Ij/T li/T KSSEL W SI* NSA JEA2,130 words
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Page 26 Advertisements
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Advertisement1580 2006-03-24 26 MNordana (Asia) Pte Ltd ISSS' Sfagaport *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES V9Y Swqopoce I fre—rie Co<o» lslo»d I CWisfws Islowd I Jokarto CWiifai Itlod Patlr G«doi BSI —ftS —a—% —Bt IS— HNORDWEST SHIPPING BREAKBULK SERVICE TO NORTH WESTERN AUSTRALIA1,580 words
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Advertisement400 2006-03-24 26 BSA x MYANMA HH FIVE STAR LINE (Myanmar National Line) Loading for Yangon Vissa VOY S|N PKI PIN PGU CHIN SHWI HAW 90W SU> PAGAN 349W SU> IN MALAYSIA: »OUST(AD SHIPPING AGENCIES KUI/PKL 03-*****3 M PIN: 04-2633(1 S JBKKKL ACCEPTING CONVENTIONAL C6O VESa VOY HKG SIN PKI fWNOSS IS SLD400 words
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THE BUSINESS TIMES SHIPPING TIMES
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7221 2006-03-24 27 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Alfcertiser Vessel .Y^y SIN Dest'n Name Name Number Number SIN Dest n Name Mumb,r Numb r SIN To HALDIA (HAL) 2587 India To To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/04 15/04 PACCCont PACNATUNA PN023 *****6557,221 words
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WINE
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1037 2006-03-24 28 N K YONG - Its white burgundies today are distinguished for their purity, minerality, harmony and elegance, says N K YONG N K YONG EVERY now and then, if one is lucky enough one meets a person who is larger than life, and of whom memories remain etched in one's1,037 words
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Page 28 Advertisements
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Advertisement335 2006-03-24 28 Authanßc IMian Rastauranf 24 ItoUong W. <557 2090 273 Ho—nq Mm (lta»*nd mtgt). TW 6*69 9909 Exclusively for Diners Club Card members: 1-for-l Pizza BONUS: 10% off a ia carte dishes Tmtm I GMtfMMM Promotion v*Ue untM $0 Apr# 30M For t»nrri only Wot wtm oßm iMcouna, promotions or voudw335 words
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Advertisement107 2006-03-24 28 1 Special Offer Peter Lehmann Wines Purchase of: 6 bottles 15% Discount bottles 20% Discount Cash Carry at: Vinotique Wine Cellar Blk 4 Queen's Road #02-133 (off Fanvr Road, next lo Wesllakc Rest Tel: *****911 Opening Hours: I 3pm to 10 pm Tuc to Fri I 2pm to 10pm Sat107 words
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Advertisement240 2006-03-24 28 I Featuring over 20 varieties of IS9§9H^P^P^RHm|^^A V|S mushrooms, fresh seafood and meat served in a signature hot lp Jp|§ I pot and other exciting fi||flHre«u f modern Chinese dishes. The Aw people. The Mushroom Pot #01 -02 Singapore Indoor Stadium, Level 4of OG Orchard Point 2 Stadium Walk 160240 words
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ARTS
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Article, Illustration910 2006-03-24 29 PARVATHI NAYAR - The four plays have edge, and guarantee a good script, writes PARVATHI NAYAR PARVATHI NAYAR /J mm/mm HE story of Cabaret is JJ I built around the time of the Third Reich," says Beatrice Chia, who will be directing the >musical here.910 words
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Article285 2006-03-24 29 CHEAH UI-HOON - By CHEAH UI-HOON THERE is power in synchronised movement and last weekend, the Singapore Dance Theatre's production of Bolero a piece crafted by French choreographer Thierry Malandain captured that power and the simple eloquence of it. Malandain's Bolero was an understatedly beautiful visual interpretation of Maurice285 words
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Page 29 Advertisements
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Advertisement153 2006-03-24 29 jwJ. i IV* -for I I Epi-Lasik is the new frontier in the evolution of laser vision "m| Ww correction. Unlike Lasik, Epi-Lasik KJ doesnotcutintothecornea.lt uses a newly designed microkeratome that mechanically separates or cleaves an ultra-thin flap of surface epithelial cells.The 11' 5 underlying cornea surface is glassy if153 words
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Page 29 Miscellaneous
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Miscellaneous148 2006-03-24 29 CRYPTIC CROSSWORD 28 C diner (7) DOWN danger (3,4) 24 Establish that Penny wants to 1 Singular art style initially shows 14 x ßemains tree pruned miles roam (5) good taste (7) YESTERDAY'S SOLUTION 2ls one surrounded by fish in the 16 Where Cathol.cs congregate as Obsolescent. 9 Offside, 10148 words
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CINEMA
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Article, Illustration691 2006-03-24 30 PARVATHI NAYAR - This year's SIFF will direct attention to some interesting niche areas, like cinema from the Arab world, says PARVATHI NAYAR PARVATHI NAYAR THERE are some things a film buff in Singapore should be able to count on, and high on that list is the "no compromises, pureFILE PHOTO - 691 words
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Article537 2006-03-24 30 SIFF director Philip Cheah picks a range of must-see films from "The Secret Life of Arabia" focus. The Opening Film Kiss Me Not on the Eyes (Lebanon, directed by Jocelyne Saab) As SIFF's opening film, it goes without saying that Kiss Me Not on the Eyes is well537 words
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Article, Illustration589 2006-03-24 30 PARVATHI NAYAR - FILM REVIEW By PARVATHI NAYAR "SO where do you see us going?" a sweet young thing asks Tripp (Matthew McConaughey) over dinner, who replies, "Well, tonight I see us going home to my place." The twist is that the grand seduction is really a way589 words
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Page 30 Advertisements
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Advertisement1623 2006-03-24 30 IN THE MATTER OF IN THE MATTER OF M THE MATTER OF IN THE HIGH COURT OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, TMP DPP IRI ir OP APOBP and and cap so THE RErvBUl Or SINvArvRE IN THE MATTER OF IN THE1,623 words
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COVER
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Article309 2006-03-24 31 IF you've ever toyed with the idea of opening up your collection for public viewing, here are some guidelines and pointers from the National Heritage Board (NHB). Private museums are museums that are not funded or owned by the government. These establishments are funded309 words
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Page 31 Advertisements
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Advertisement564 2006-03-24 31 rVJ— r" 1 S**' JStSr** v '!S Y v^'r^^ ,< fr a '-j k£M& J lv£39^?i&s t£*" ''W r 1 -wPgKI |fe 1 v> f%2r L;j ®I®vyOT vj \4 m > ¥V 4 "H'itfj f* -J" 8 fc 4 ,p I i mm IKI jBmJBMLBMP^ 'y /r aflll -^HB^DLS^M^Sp^^ \,/,T*.''564 words
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executive lifestyle
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519 2006-03-24 32 jaime ee - off the cuff jaime ee IT MAY not seem obvious, but what do loan sharks have in common with the Javan rhinoceros? Well, apart from a penchant to congregate in one Indonesian jungle/coffee shop instead of spreading themselves around to increase their chances of519 words
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Article, Illustration2186 2006-03-24 32 CHEAH UI-HOON - CHEAH UI-HOON meets a handful of Singaporean collectors who are sharing their private collections CHEAH UI-HOON Alt Retreat 10 Übi Crescent Übi Techpark, Lobby C, 301-45/47 Tel: 6749 0880 Visiting hours: 11am to 6pm f Tuesday to Saturday. Closed on Mondays, Sundays and public holidays. Admission to theFILE PHOTO; ARTHUR LEE - 2,186 words
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Page 32 Advertisements
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Advertisement172 2006-03-24 32 H<P THE POSSIBILITIES ARE INFINITE Fujitsu recommends Windows® XP Professional. r f series Lifeßook EB2lO EBllO ml series Lifeßook S7llO Powered by Intel® Centrino® Duo Mobile Technology. Centrino 1^ LIFEBOOK Fujitsu PC Asia Pacific Pte Ltd Sales Hotline: 1800-ASIAPAC (1800-274 2722) Website: www.pc-ap.fujitsu.com Authorised Distributor: AsiaPac Distribution Pte Ltd Wvaiaaa172 words
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Advertisement12 2006-03-24 32 A look at the top attractions at this year's SIFF PG 3012 words
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