The Business Times, 27 March 2006

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Microfilm: NL26633
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asia 1 .com.sg mica (p) 099/03/2006 Monday, March 27,2006
    17 words
  • Article
    Lock icon Asia oil majors zoom in on S'pore
    895 1  -  The likes of UAE's ENOC expanding here By RONNIE LIM [SINGAPORE] Singapore's thriving oil hub including refining, trading and storage is an important blip on the radar screens of big players like the United Arab Emirates' Emirates National Oil Company (ENOC) and China's
    895 words
  • Article
    Lock icon MARKETS DIGEST
    136 1 MARKETS Week Chge STI .2497.31 +2.90 KLSE COMP 926.09 +3.47 NIKKEI 225 *****.87 ....+221.14 HANG SENG .......*****.46 -85.20 SET INDEX 730.85 -10.58 JAKARTA COMP ...1311.37 +6.19 MANILA COMP .2208.13 +57.96 TAIPEI TAIEX 6376.62 -151.95 SEOUL COMP 1321.23. -19.89 SHENZHEN B 255.06 +7.05 AUSTALLORD 5001.60 +68.90 DOW JONES *****.97..
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  • Article
    Lock icon Banks' deposit drive rakes in the funds
    874 1  -  Customers flock to time deposit promotions with higher rates By LESLIE YEE [SINGAPORE] Rising interest rates in Singapore have brought cheer to savers and they have responded strongly to Singapore dollar time deposit promotions by financial institutions. Financial institutions have been upping their
    874 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon MAS may re-centre S$NEER higher
      702 2  -  Strategists expect greenback to end the year lower at S$1.57 to S$1.58 By LARRY WEE [SINGAPORE] After a policy of modest and gradual appreciation for the tradeweighted Singapore dollar over the past two years, the Monetary Authority of Singapore could tweak its effective trading range
      Source: Morgan  -  702 words
    • Article, Illustration
      Lock icon There's a chance of winning back Hougang: SM Goh
      632 2  -  By CHUANG PECK MING [SINGAPORE] Hougang may now be ripe for the taking as the ruling People's Action Party builds up its campaign to recapture the constituency from the Workers' Party in the coming battle at the polls. "When you enter
      LIM SIN THAI/ST  -  632 words
    • Article, Illustration
      Lock icon Tony Tan to retire from politics
      690 2 Khaw Boon Wan will lead PAP team in Sembawang GRC [SINGAPORE] Former deputy prime minister Tony Tan is retiring from politics after 27 years. Dr Tan, who was recently made chairman of Singapore Press Holdings, will not be contesting for his Sembawang GRC seat
      690 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      528 2 OCBC Bank's Quick Own: More than meets the eye OCBC Bank's offer of less interest and shorter repayment period for a new mortgage plan adds to consumer choice in Singapore. But potential customers should handle Quick Own with care, says our senior correspondent Leslie Yee. COMPANY NEWS, PG
      528 words
    • Article
      Lock icon Four-horse IR race enters final stretch
      1087 3  -  Bidders submit plans this week, make presentations over next 2 months By ALEXANDRA HO [SINGAPORE] The marathon's finish line is finally in sight. After initial fits and starts, the race will soon conclude for the four remaining bidders for the Marina Bay integrated resort
      1,087 words
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      47 2 oW M.M j., F«gh«ew<»xneb.ww. Skxxwetßrunwwlkwed bn. kwmrano* ami feel «jrcharge» on fh» ratum jourrwy 81— Ml l l>HH M »Tm™lt.y2»M«yZPOg OVMtr Twfm ft con<M)ons apply 0 Fof more information,call your travel agent or Royal Brunei Airlines on (65) *****672 or visit us at www.brunetair.com/9lngapore L BR UNEI
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      9 2 peopse Black belts wanted. Www thepeopleatwork.coin Asia-Pacific Executive Search
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  • Page 3 Advertisements
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      68 3 i "The Citigroup Privet* Bank" Is business of Citibank N.A. or Citigroup Inc., which provides Its clients access to a broad array of products and services avaifebie through bank end non-bank effilietes. Not all services end products provided by eii affiliates ere eveiieWe at ail locations. For more Informetion, contect
      68 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon QuickOwn: More than meets the eye
      788 4  -  HOCK LOCK SIEW By LESLIE YEE A BANK sells you a product that promises two things: you pay less interest on your home loan and you take a shorter time to pay off the loan. Sounds too good to be true? Especially in a
      788 words
    • Article
      Lock icon China developer launches $68.6 m IPO
      376 4  -  It plans residential, commercial projects in Henan By ALEXANDRA HO HENAN-BASED Sunshine Holdings set to be the first Chinese developer to list on the Singapore Exchange launched its initial public offering (IPO) over the weekend. It is issuing 249.6 million shares at 27.5 cents
      376 words
    • Article, Illustration
      Lock icon Analysts back DBS's expansion into the region
      557 4  -  By MATTHEW PHAN DESPITE the demise of DBS Group's plans to acquire a majority stake in Korea Exchange Bank, analysts said that they continued to support the bank's intended Asian expansion, and praised its disciplined approach to M&A. "DBS established a clear understanding
      REUTERS  -  557 words
    • Article
      Lock icon SGX research scheme draws more China companies
      535 4  -  By TEH HOOI LING THE second two-year term of the research scheme supported by the Singapore Exchange and the Monetary Authority of Singapore has attracted 149 companies, down from the 187 companies which were on the scheme as at the end of last
      535 words
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      736 5 ALLCOP EE I b ALLCO COMMERCIAL REAL ESTATE INVESTMENT TRUST I 111 (a un,t trust constituted on 12 Septen.be, 2005 under the laws the Republic of flnppore, HMWiiZ/ El by Allco Sole Global Co-ordinator and Sole Financial Advisor Joint Lead Underwriters and Bookrunners Credit Suisse Credit Suisse QDBS w Sub-Underwriters
      736 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A big rush before the mid-year lull sets in?
      475 6  -  STOCKS VEN SREENIVASAN Senior Correspondent AFTER a week of cautious trading characterised by broad-based selling of index stocks on oil and interest rate concerns, expectations remain fairly high that the local bourse could be poised for one more "big push" before
      475 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1072 6 < u «<x>ks —isH- lari dw> do« <m A f** 3n ai oss 03 I14*»f Ufa TeVcorr > JO? HMk »W» l»44» AfMtwrtsdt I 65C 71% 04 6% t«4% %p*cratt 03tl lf>*o 944*« Unit, b 400 044% 224% No«<<Mtllnil t 2 CO *u» '1M* CBAo 4—Fowl t m
      1,072 words
    • Article
      Lock icon Asian currencies retreat on Fed rate fears
      632 6 CURRENCIES AFP [HONG KONG] Asian currencies mostly fell against the dollar last week on expectations that the Federal Reserve will further raise rates as well as regional domestic factors. Japanese yen: The yen tumbled against the dollar last week as prospects of an
      AFP  -  632 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1730 6 Consensus No.of Forecast Mean Frt*s recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Advanced Holdings 1.00 1.00 2 8.95 13.74 1.46 1.37 Allgreen Properties 2.11 2.13 9 8.23 18.10 1.44 1.52 Ascendas REIT 2.39 2.39 13 11.41 18.41 2.32 2.16
      1,730 words
    • Article, Illustration
      Lock icon Portfolios mostly outdo robust Sesdaq Index
      1454 7  -  TEHHOOI LING Senior Correspondent THE small-cap sector has been running overtime to close the performance gap with the Straits Times Index. Last week, the UOB Sesdaq Index raced ahead by 3.1 per cent, Its biggest advance in seven weeks. The Straits Times Index, meanwhile,
      1,454 words
    • Article, Illustration
      Lock icon Activity bounces back with $19.7 m trades done
      1041 7  -  INSIDE MARKETS Significant buying seen in CSE Global, Eu Yan Sang and Hongguo, and selling in Juken, reports ROBERT HALILI ROBERT HALILI DIRECTOR and substantial shareholder activity last week rebounded from the prior week's low trading with 78 trades worth 5519.7 million
      FILE PHOTO  -  1,041 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon REACHING FOR THE SKY
      2933 8 THIS WEEK'S TOPIC Why is there a relative dearth of high-growth companies in Singapore? What can be done to improve companies' growth prospects? WI TH a small domestic market, Singapore companies have to look abroad for high growth. This is evident from successful local corporations, which
      2,933 words
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      70 8 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
      70 words
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  • Page 9 Advertisements
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      169 9 Y to meet clients in Bangkok, 1 fIIIj| v •*II•I I M-——■M__■ V M meet suppliers in Loyang,4m9eqwtlt a n n x' 1 p I »g I be home for family dinner by 6.30pm. Cancel the hassle of meetings and change the way you work Free yourself from the hassle
      169 words
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      21 9 HAVE YOUR SAY What do you think of the opinions expressed in these pages? Share your views by writing to btietterQsph.com.sg
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  • DINING OUT
    • Article, Illustration
      Lock icon Chinese, Canadian cuisines highlighted
      1356 10 PROMOTIONS k 4' Lei Garden i Eight-week gourmet event starting today #01-24 Chijmes (Tel: 6339 3822) Orchard Shopping Centre (Tel: 6734 3988) #09-01/02 Orchard Plaza (Tel: 6738 2448) WITH such a bustling Chinese restaurant scene in Singapore, it's so easy to forget that Lei Gari den
      1,356 words
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      149 10 seances Vfrtuqf hnufi Scrvtewi Security JMbflliMi iiwiwillp f vrnpi MVVMiIIINiMPRRNI»■# otMMar JlßCOvwy Btfdnfi 41 Stort^pi HHHft Diners Club Card To apply, caff 6416 0980 I A World of Exclusive Treats Diners international IJk'l j I r B WINK w ROSABROOK MARGARET RIVER J HBIHI Nowinth Joining forces? Announce the good
      149 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon India's 'most globalised bank' to set up in Singapore
      445 11  -  Bank of Baroda to open offshore branch here within next three months By VIKRAM KHANNA THE Bank of Baroda, which boasts the largest branch presence outside India of any Indian bank, is to open an offshore branch in Singapore within the
      445 words
    • Article
      Lock icon NTU ties up with Xian university on research, manpower
      196 11 THE Nanyang Technological University (NTU) and Xian Jiaotong University (XJTU) have signed a memorandum of understanding to jointly promote research collaboration and manpower training. The first initiative under the agreement will take the form of a doctorate co-supervision alliance programme. This
      196 words
    • Article
      Lock icon Govt to accept degrees from 29 more med schools
      316 11  -  By CHEN HUIFEN IN a bid to attract more able and good foreign doctors to work here, Singapore will recognise another 29 top foreign medical schools starting from next month, said the Ministry of Health and the Singapore Medical Council (SMC).
      316 words
    • Article, Illustration
      Lock icon One big, happy, athletic corporate family
      394 11  -  By MATTHEW PHAN TAKE off the shirt and tie or kick off those leather heels, exhorts JP Morgan's head of investment banking for South-east Asia, Philip Lee. Mr Lee, also the managing director of JP Morgan's operations in Singapore, is organising the JP Morgan
      394 words
  • Page 11 Advertisements
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      862 11 l I NOTICE OF INTENDED DIVIDEND Name of Company Ghim Peng Hotel Re Ltd (In Liquidation) Reg. No. *****3059 M Address of former 424 Geylang Road registered office Singapore *****5 < Court High Court of the Republic of Singapore Number of matter *****8/2001 Last day for receiving proofs 11" April
      862 words
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      346 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HARVINGTON PTE LTD (Co. Registration No: 2M*****7C) (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 26 Pinelake Trail Mangimup, Western Australia 6065, Australia on 22 March 2006
      346 words
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      1050 11 t A b a re is is DELONG HOLDINGS DELONG HOLDINGS LIMITED (Company Reg. No. *****5215G) (the "Company") (Incorporated in the Republic of Singapore) v NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Delong Holdings Limited will be held at SGX Auditorium, Level
      1,050 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Maximising bond yields
      599 12 LAST week, we took a look at the relationship between yield and maturity for bonds and how they relate to interest rates. This week, we examine some strategies for trading the bond market, as well as what bond funds are. TRADING THE BOND MARKET There are many
      599 words
    • Article, Illustration
      Lock icon Unstoppable entrepreneur
      912 12  -  CAMPUS LIFE Melvin Tan tells GRACE CHONG and JURENA CHAN how he started off and what drives him to succeed GRACE CHONG, JURENA CHAN HE HAS two IT companies Reactive Systems and Tinkerbox Corporation under his belt, and he's only 21. In addition, Melvin Tan is the winner
      912 words
  • Page 12 Advertisements
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      250 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      250 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japan shaping national FTA strategy
      751 13  -  Goal to seal pacts with 15 countries and China's trade diplomacy put pressure on Tokyo By ANTHONY ROWLEY in Tokyo JAPAN will soon come up with an official policy on free trade agreements to replace the current ad hoc strategy which is dictated largely by
      751 words
    • Article, Illustration
      Lock icon US senators to unveil China trade bill
      679 13 YUAN PRESSURE MOUNTS Reuters. Bloom berg Reuters, [WASHINGTON] A longawaited China trade legislation will be introduced in the US Congress tomorrow a move that could siphon support from a controversial Bill threatening China with tariffs. Senate Finance Committee chairman Charles Grassley, an lowa
      Reuters. Bloom berg; Reuters,; REUTERS  -  679 words
    • Article
      Lock icon Let yuan move more: Tokyo
      359 13 Bloom berg [BEIJING] Insisting that moves in China's currency are "still limited", Japanese Finance Minister Sadakazu Tanigaki has urged Beijing to allow the yuan more flexibility. "Though we welcome that the currency has shown bigger movements than before, their changes are still limited," Mr Tanigaki
      Bloom berg  -  359 words
    • Article
      Lock icon Senate proposal to monitor foreign buys of US firms
      492 13 Bloomberg [NEW YORK] The US government panel that reviews foreign purchases of American companies must notify lawmakers of proposed sales and rank countries based on the risk they pose to US security under a proposal by the chairman of the Senate
      Bloomberg  -  492 words
    • Article
      Lock icon Lenovo welcomes US probe into sale of computers
      383 13 Reuters [WASHINGTON] China's Lenovo Group said on Friday it would welcome a US investigation, if necessary, to quell concerns about any spy threat from a State Department order of 15,000 of its computers. "We have nothing to hide," said Jeff Carlisle, vice-president
      Reuters  -  383 words
    • Article
      Lock icon Fed keeping close watch on rising industrial capacity use
      580 13 Reuters [WASHINGTON] A rise in US industrial capacity use has joined the list of puzzling economic trends the Federal Reserve is watching as it weighs an end to a nearly two-year campaign to tighten credit. This gauge of how close factories,
      Reuters  -  580 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Reform starts at the top
      659 14  -  PAULINE NG KL Correspondent THE thrust of the Invest Malaysia conference last week in Kuala Lumpur was simple: Invest in our companies and our country, for we are on track to undertake the reforms we promised two years ago. As added inducement, Malaysia rolled out
      659 words
    • Article, Illustration
      Lock icon KL police arrest 20anti-govt protesters
      473 14 AFP [KUALA LUMPUR] Malaysian police used batons and water cannons yesterday to disperse hundreds of antigovernment protesters at Kuala Lumpur's iconic Twin Towers, arresting more than 20 and beating several as stunned shoppers looked on. Some 400 people, including trade unionists and members of opposition
      AFP  -  473 words
    • Article
      Lock icon STOCKS ASIA
      3167 14 Transaction date: Mar 24 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol Dream Intl .0.56 unch 38 HK$ '000 Dynamic Global 0.04 unch 0 Easyknit .0.12 unch 3601 Aeon Credit .6.15 unch 0
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    • Article
      Lock icon Proton price cuts too small: M'sian DPM
      506 14 Najib urges review after Proton unveils up to 7% decreases AFP. Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's biggest carmaker, has cut car prices by as much as 7 per cent with immediate effect, joining other automakers after the government reduced vehicle tariffs,
      AFP.; Bloomberg  -  506 words
    • Article
      Lock icon PLN needs to invest US$10b on new power plants
      355 14 [JAKARTA] State electricity company PT PLN needs to invest between US$lO billion and US$ll billion on the construction of new power plants to provide additional capacity of 3,300 megawatts (MW) within the next two-and-a-half .years, according to the company's president Eddie
      355 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Ex-Stanchart CEO's firm launches US$250m fund
      300 15  -  Target: Indian companies with strong growth prospects By VIKRAM KHANNA FORMER Stanchart group CEO Rana Talwar's private equity venture Sabre Capital Worldwide Group has launched a US$25O million private equity fund dedicated to investing in highgrowth Indian companies, in partnership with leading Dubai-based private
      300 words
    • Article
      Lock icon China raises fuel prices, promises subsidies
      280 15 Reuters [BEIJING] China, which raised fuel prices for the first time in eight months yesterday, promised subsidies to protect some of the poorest sections of the population from higher costs, but gave no details of how it would distribute them. The energy policy-set-ting National
      Reuters  -  280 words
    • Article, Illustration
      Lock icon A WEIGHTY ISSUE
      73 15 [NANJING] Xiao Yang, who weighs 150 kg, attempts a full split at a competition organised by a local club for overweight people ir, Nanjing, capital of the eastern Jiangsu province, yesterday. Xiao is 22 years old and 1.55 metre tall. Obesity is a serious problem in Beijing,
      REUTERS  -  73 words
    • Article
      Lock icon Bank of China plans US$6b HK IPO in June
      254 15 Reuters [SHANGHAI] Bank of China, the country's secondbiggest lender, plans to raise US$6 billion in an initial public offering in Hong Kong in June, the Shanghai Securities News said on Saturday, citing sources. Bank of China said this month it was
      Reuters  -  254 words
    • Article, Illustration
      Lock icon When Li Ka-shing talks, all of Hong Kong listens
      717 15 Media hangs on to his every word at earnings conference AP [HONG KONG] Li Ka-shing's nickname is "Superman" and when the tycoon talks, Hong Kong listens no matter what the topic. Mr Li's conglomerates, ports-to-tele-coms group Hutchison Whampoa and property giant
      AP  -  717 words
    • Article, Illustration
      Lock icon Anil Ambani quits as MP over issue of holding two posts
      362 15 AFP. Bloomberg [NEW DELHI] Anil Ambani, chairman of India's Anil Dhirubhai Ambani Group, resigned as a member of the upper house of parliament on Saturday amid a controversy over lawmakers holding state-funded jobs. The resignation comes two days after
      AFP.; Bloomberg  -  362 words
    • Article
      Lock icon India's ICICI Securities unfazed by influx of foreign rivals
      451 15 AP [HONG KONG] Foreign investment banks may be piling into India to advise the companies looking for overseas expansion or fundraising, but the country's domestic banks aren't worried. Indian investment banking giant ICICI Securities, like everyone else, is looking to overseas
      AP  -  451 words
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  • Page 16 Advertisements
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      2101 16 €0 NOTICES Toll free: 1800-289-8822 Email: notices@snh.com QT fATYvI Chartered Semiconductor 60 Woodlands Industrial Park D Lv/1 UU. Manufacturing Ltd Street 2 semiconductor manufacturing (Regn. No.: *****3584-K) Singapore *****6 www.charteredsemi.com Tel: (65) 6362 2838 Fax: (65) 6360 4970 NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING To Be Held On April 26,
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      115 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF REGION AIR PTE LTD (IN COURT WINDING UP) NOTICE OF DIVIDEND Name of Company Region Air Pte Ltd (In Court Winding Up) Address of Registered Office c/o 47 Hill Street #05-01 Chinese Chamber of Commerce Industry
      115 words
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      25 16 Joining forces? y Announce the good news. Call 1800 289 8822 or email notiees@sph.com.sg to book your corporate notice in our newspapers now. NOTICES H
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      147 16 LION HEART PROPERTIES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5054W (Incorporated in the Republic of Singapore) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN THAT the creditors of the above Company which is being wound up voluntarily, are required on or before 27 April 2006 to send in
      147 words
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      1510 16 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0016 C ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Third Annual General Meeting of the Company will be held at River Room (Level 2), Asian Civilisations Museum (ACM), 1 Empress Place, Singapore *****5, on Tuesday
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      279 16 In the Matter of The Companies Act, Cap. 50 And In The Matter of RINOL SINGAPORE PTE LTD (Provisional Liquidator Appointed) (Co. Reg. No. *****1312 C) NOTICE OF CREDITORS' MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a meeting of Creditors will
      279 words
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      144 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LION HEART PROPERTIES PTE LTD COMPANY REGISTRATION NO. *****5054W NOTICE OF RESOLUTION At an Extraordinary General Meeting of the Company convened and held at 10 Collyer Quay. #06-01 Ocean Building, Singapore *****5, on 21 March 2006,
      144 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Wall St cautious ahead of Fed meeting
      819 17  -  WALL STREET INSIGHT Analysts cite positive signs like higher earnings expectations but investors wait for key FOMC meeting By ANDREW MARKS in New York INVESTORS had enough news and data to swing either towards the bearish or bullish side of the market last
      819 words
    • Article, Illustration
      Lock icon Anti-Thaksin protests hit shopping district
      690 17 By OUR CORRESPONDENT in Bangkok BANGKOK saw its shopping district traffic come to a standstill yesterday as thousands of protesters, demanding the resignation of embattled Prime Minister Thaksin Shinawatra, converged on the streets to oust the premier ahead of the upcoming general elections on Sunday.
      AfP  -  690 words
    • Article
      Lock icon SEC throws out lifetime ban for banker Quattrone
      206 17 NYT IN A rare move, the Securities and Exchange Commission late on Friday set aside a lifetime ban from the securities industry against the former investment banker Frank P Quattrone, just days after a federal appeals court overturned his 2004 conviction on
      NYT  -  206 words
    • Article
      Lock icon Long Island mansion with helipads on sale for US$60m
      390 17 AP [NEW YORK] If the owner gets his asking price for an exquisite 19-hectare waterfront estate, it could be a record sale for posh East Hampton estates in Long Island. Everything about the extravagant property including its castle-like mansion, two helipads,
      AP  -  390 words
    • Article
      Lock icon Investigators storm Hyundai HQ as graft probe widens
      248 17 AFP [SEOUL] South Korean investigators yesterday stormed the headquarters of the country's top automaker, Hyundai Motor, in a widening corruption probe into a local business lobbyist, officials said. A team from the Prosecutor General's Office seized some 100 boxes of data from
      AFP  -  248 words
    • Article, Illustration
      Lock icon Billionaire Ikea founder drives a 15-yr-old Volvo
      524 17 80-year-old inspires his 90,000 staff with frugal lifestyle Reuters [GENEVA] Ikea founder Ingvar Kamprad is ranked the fourth richest man in the world but drives a 15-year-old car and always flies economy class, in part to inspire his 90,000 employees worldwide to see
      Reuters; FILE PHOTO  -  524 words
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  • AVIATION
    • Article, Illustration
      Lock icon Changi budget terminal receives its first flights
      669 18  -  Tiger Airways CEO sees 50% savings on ground operations costs By VEN SREENIVASAN IT WAS all systems go at Changi's Budget Terminal as Tiger Airways flight TR3O9 from Hanoi touched down at the new facility at a quarter past midnight yesterday. The $45
      AP  -  669 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2197 18 CITT Bj®WT —O* FLIGHT tTD SQ407 071S IC860 0925 IC859 0805 AI481 1625 Abu Dhabi ***** 1135 AI480 1520 SQ408 18SS Adelaide IH9771 1750 LH9770 2345 Denpasar Bali SQ141 1145 SQ142 0935 SQ230 1750 SQ229 2345 SQ143 1535 SQ146 1640 Amsterdam L***** 0630 AZ3993 2255 GA840
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    • Article
      Lock icon Dragonair parent posts 38% plunge in profit on fuel costs
      329 18 Bloomberg [BEIJING] China National Aviation Co, the biggest shareholder of Hong Kong Dragon Airlines Ltd, posted a 37.7 per cent drop in 2005 profit after record fuel prices eroded income at the carrier. Net income fell to HK$225 million (Ss47
      Bloomberg  -  329 words
    • Article
      Lock icon Probe into two runway near-misses in Chicago
      413 18 Reuters [WASHINGTON] US safety investigators are looking into two runway near misses in Chicago last week, renewing examination of ground safety efforts. The National Transportation Safety Board (NTSB) said on Friday the incidents occurred on Tuesday afternoon and Thursday morning at O'Hare airport,
      Reuters  -  413 words
    • Article
      Lock icon US board urges new checks of some Airbus rudders
      223 18 Reuters [WASHINGTON] US safety investigators issued an urgent recommendation on Friday for new rudder inspections on certain Airbus jetliners. The recommendation to the Federal Aviation Administration (FAA) covers A3OO-600 aircraft, a wide body jet used in passenger and cargo service. The
      Reuters  -  223 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      178 18 CRYPTIC CROSSWORD DOWN 11 Male is getting excited about YESTERDAY'S SOLUTION 1 cr°aw e (4) orn ST"'' X Across: 1 lntre P id 6 Recall < 9 M"f--2 m nnate ta ent 15 Un 14 Caro Mi"'" 9 hU9 ,?n? m3d bSriS?' 16 3 man, is falling apart (10) Clothes-horse,
      178 words
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  • SHIPPING
    • Article
      Lock icon Wallenius 'disgusted' by oil offence
      383 19  -  Ship manager fined US$6.5m, placed on maximum 4-year probation By DAVID HUGHES in London A HUGELY embarrassed Wallenius Lines has expressed "disgust" that the chief engineer on one of its vessels bypassed the oily water separator and discharged waste oil into the sea. He also
      383 words
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      Lock icon TRANSPORT STOCKS
      288 19 SGX '000 Mar 24 SS Vol CH Offshore 0.39 0.02 1714 ChuanHup 0.34 -0.01 1204 Cosco Corporation 1.25 0.02 ***** CWT Distribution 1,04 unch 125 Ezra Hldgs 2.60 0.01 292 Freight Links 0.06 unch 70 Grand Banks Yacht 0.89 unch 0 Jaya Holdings 130 -0.01 112 K1 Venture
      288 words
    • Article
      Lock icon Ship sinks in Malacca Strait after collision
      235 19 AP. AFP [KUALA LUMPIER] A Panamanian-registered ship sank in the Malacca Strait off southern Malaysia after colliding with another vessel, but all 24 crew members were rescued, authorities said. The accident occurred on Friday morning about 20 km south-west of Undan island in
      AP.; AFP  -  235 words
    • Article
      Lock icon Disney Cruise Line charts expansion to Mediterranean
      458 19 AP [LAKE BUENA VISTA, Florida! Mickey Mouse is going on a European vacation next year. The Disney Cruise Line will sail to Italy, France and Spain from May to August 2007 as part of a larger strategy to "chart new waters", company officials
      AP  -  458 words
    • Article, Illustration
      Lock icon Toll wants to combine Patrick, SembLog ops
      384 19 Reuters [SYDNRY] Australian land transport group Toll Holdings Ltd plans to combine the operations of stevedore Patrick Corp Ltd with SembLog logistics group, Toll's chief executive said yesterday. The plan was dependent on Toll winning its hostile takeover bid for Patrick, managing director
      Reuters  -  384 words
    • Article, Illustration
      Lock icon Ports urged to upgrade to receive mega-container ships
      748 19 AFP [SINGAPORE] Global seaports must carry out massive expansion and modernisation within the next decade to cope with the entry of mega-container ships carrying an ever-growing volume of global trade, industry players say. As countries build new airport terminals or renovate existing
      AFP; BLOOMBERG  -  748 words
    • Article
      Lock icon 'Ghost ship' found adrift in Australian waters
      283 19 AFP [SYDNEY] A so-called "ghost ship" carrying no people and with no sign of recent human activity aboard has been found floating in Australian waters, customs officials said on Saturday. The 80-metre tanker was found drifting about 180 km south-west of Weipa on
      AFP  -  283 words
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      39 19 •4. v I Geta -X-jjy —Jl Leading Edge I Q Your sailing schedules get wider attention J in The Business Times shipping pages J Call Bernard Ong at 631 9-1645 J or Michael Chng at 631 9-2026 Shipping TIMES
      39 words
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  • Article
    Lock icon SINGAPORE STOCKS
    12840 20 STRAITS TIMES INDEX STOCKS Stodt name Wt dose Change Stock name Wt Close Change Stock name MR Dose Change Allgreen 50c 0.34 1.520 +0.010 HyfluxSc 0.42 2.690 -0.010 STEngglOc 1 88 3.060 -0 040 Ascendasreit 1.08 2.160 +0.070 JMHUS25c400 3.30 18 600 +0.100 STATSChP2Sc 09B 1.180 -0.020 BHIK1US20C
    12,840 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6526 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS Hi US$ dy yr dy yr dy %yr Mar 24 Index Change Change Change Change Change Change The World Index Preliminary 1025.7 0.4 5.8 0.5 3.5 0.4 63 t EAFE Preliminary 1043.5 0.5 7.2 0.7 5.5 0.6 83
    6,526 words
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      977 22 v- i NYK GROUP SOUTH ASIA PTE LTD rw> VJT TEL:6295 0123 kCfKH *3 Im LINE Fax: 6292 2856 (Regionalsales)/6239 7109 (OPS)/6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO SDPAKU KASHA. OO (C/R NO' **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination ERIKOUSA RDM/ATW/BMN/TLB/NAN HANJIN HOUSTON VCB/VCW/LAX/MZL NASSAU PARADISE RDM/ATW/BMN/TLB/NAN Loads
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      2162 23 VESSEL VOY SIN JKT MIP PUS VESSEL VOY SIN JKT SUB HKG USN PUS HAHIIN POHAWG 0302E 31/3 2/4 1/4 12/4 KM SIWGAPOKE 604S 2/4 1/4 6/4 iT/T 15/4 16/4 HANJIN SEOUL 030QW 7/4 1/4 IS/4 lt/4 KMTC KEELUNC 6mT~ 9/4 11/4 13/4 "u/T 22/4 23/4 rasa voy sin nsa
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      1659 24 ISn %k— HHk Sm~ tp nan=lß==«F b b ==ss==E==E= c» 2301 flKft Ibm 117 M mHHWI WS tti/M 11/ M -ffl *Rn Stb ISH— "Msaa m J. j. J. jj Si?',l' i "a? SMSbiH rosa voy aw po»tua»g annum I|KMB WW -tfrXV i*«rf *HW lwhb| Um+AVkT) V«y Mf ■if mniKiß
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      369 24 BSA .I. MYANMA RR FIVE STAR LINE (Myamnor National Lino) Loading for Yangon VtSStL VOY SIN PKI PEN PGU CHIN SHWI HAW 90W SID PAGAN 349W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****15 Ai ACCEPTING CONVENTIONAL C6O VBSa VOY HKG SM PKI PRMCESS «5 SU> SLD MPT
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6960 25 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone Desfi Name Name Number Mmbar SM Desfn Name Name Number Number tx ADmiAu #adi\ To HAIPHONG (HPH) 2147 Vietnam Coteoivoire 06/04 12/04 B'tangMas VANXUAN MSL21N *****988 ChinaShpq BUNGA MAS 12 047W
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  • BizIT
    • Article
      Lock icon S'pore firms seen raising storage capacity by 45%
      924 26  -  But lower costs mean revenue growth lags capacity growth, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SINGAPOREAN companies have moved into an environment of paperless storage of data, with IT research firm IDC predicting that firms here will buy 45 per cent
      924 words
    • Article
      Lock icon From mega to bronto: bytes go ballistic
      440 26 JUST 10 to 15 years ago a computer with 16 megabytes (MB) of storage capacity was considered extremely powerful, and many reckoned it would be very difficult to fill all the space with data. Fast forward to the present. Many mobile phones nowadays
      440 words
    • Article, Illustration
      Lock icon NCS ventures into Middle East
      417 26  -  BT exclusive Region seen as fastest growing outside S'pore By ROLAND LIM NOT content with its success in the region, IT service provider NCS has expanded into the Middle East market, and will officially open its Middle East office in Bahrain today. NCS chief executive
      417 words
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      Lock icon Keen on the next challenges
      378 26  -  By KENNETH JAMES FINALLY, a business guru who tells it like it is. Within the first minutes of our conversation, Peter Keen volunteers: "This is the first period literally in the last two years when 1 do not have a clue what's going on." Coming
      378 words
    • Article, Illustration
      Lock icon All work and no play
      786 28  -  ccool stuff> BlackBerry 8700v is a great business device but lacks multimedia features, writes ROLAND LIM ROLAND LIM RESEARCH In Motion's Blackßerry devices have certainly built up a reputation as great messaging devices, and the few days that I spent with its latest BlackBerry 8700
      786 words
    • <what's new>
      • Article, Illustration
        Lock icon Latest music-centric phone from Nokia
        126 28 THF Nokia 3250 (right) is Nokia's latest addition to its music-centric line of phones and comes in an innovative "twistable" design. Its keypad can be twisted to change its mode of operation from a phone to a digital music player with up to 10 hours
        126 words
      • Article
        Lock icon Dopod releases the 585 here
        76 28 MICROSOFT Windows smartphone specialist Dopod has released the Dopod 585 here. The phone, which looks just like the 02 Xphone Ilm, features a similar suite of features a 1.3 megapixel camera, Bluetooth wireless connectivity, and, via its GPRS connection, instant messaging with its Microsoft Pocket
        76 words
      • Article, Illustration
        Lock icon Remote monitoring with D-Link
        119 28 WATCH your home from anywhere in the world with D-Link's latest addition to its range of remote monitoring solutions, the D-Link SecuriCam DCS-950G (right). The DCS-950G is a Wi-Fi 802.1 lg enabled webcam that also has a traditional 10/100 Mbps Ethernet port, enabling it to connect
        119 words
      • Article
        Lock icon New entry-level Sony Ericsson
        53 28 FOR those with simple requirements for a handphone, Sony Ericsson's just-released J23oi might fit the bill. The dual-band candy-bar phone still manages to pack in a stereo FM radio and a speakerphone, along with GPRS connectivity for data downloads. It retails for $288 without a contract.
        53 words
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        Lock icon Acronis releases latest update
        128 28 STORAGE management solutions specialist Acronis has released its latest update for its Acronis True Image 9.1 backup solution for Microsoft Windows-based servers and workstations (right). Among the new features in the latest version is the ability to restore a system to different hardware, and the ability
        128 words
      • Article
        Lock icon More tape from Quantum
        101 28  -  Compiled by ROLAND LIM QUANTUM'S latest DLT-S4 tape drive is claimed to have the industry's highest capacity at 1.6 terabytes (TB) per tape cartridge, with compression. Thousand gigabytes (GB) is one TB, so this works out to about six US cents per GB. The DLT-S4 tape
        101 words
    • Article
      Lock icon Europe telcos against 'scrap roaming' plan
      238 28 Reuters IBRUSSELS] Europe's mobile phone operators say that a decision by European Union leaders on Friday to investigate the possibility of scrapping "roaming" charges across the 25-member bloc was not necessary. "We feel this is an extra layer of regulation which is unnecessary," David
      Reuters  -  238 words
    • Article, Illustration
      Lock icon The key to growing 3G services in Asia-Pac
      656 31  -  &lt;you say&gt; Here's the secret; but service providers must execute on it By NAVEEN BHAT SINCE the launch of 3G services in Singapore and Asia, operators have seen a slow uptake. According to IDC, a research firm, 3G subscribers reached 10.2 million
      BLOOMBERG  -  656 words
    • <what's up>
      • Article
        Lock icon Global Platform to host 1-day business seminar
        100 31 SMART card industry consortium Global Platform will host a one-day business seminar in Singapore on "Advancing Open Smart Card Standards for Government and Mobile Telecom" on April 25,2006. The free seminar will be held at the Intercontinental Hotel from 9am to 5 pm.
        100 words
      • Article
        Lock icon Canon business solutions seminar on April 6
        90 31 CANON is organising a "Business Can Be Simple" seminar on April 6, 2006 at Pan Pacific Hotel, Pacific Ballroom 3. The seminar is split into two slots, 10.30 am to I.oopm, and 2.00pm to 4.30pm. The seminar will show participants document management solutions
        90 words
      • Article
        Lock icon NUS-IdEA panel discussion on IT security on April 18
        106 31 THE NUS Entrepreneurship Centre and the Innovators and Entrepreneurs Association (IdEA) are organising a panel discussion on IT security on April 18,2006 at 6.30pm. To be held in the Possibility Room at Level 5 of the National Library Board, the session
        106 words
      • Article
        Lock icon 3dsense to organise computer graphics conference
        135 31 DIGITAL media institution 3dsense Media School is organising CG Overdrive 2006, targeted to be Asia's largest computer graphics and animation conference and festival. To be held at the Singapore Expo from July 14 to 16, the event consists of a ticketed conference and a
        135 words
      • Article
        Lock icon Juniper names new Asean sales director
        66 31  -  Compiled by ROLAND LIM JUNIPER Networks has promoted Wendy Koh, formerly its sales director for Singapore, Philippines and Thailand, to Asean sales director. Based in Singapore, Ms Koh will work with its channel partners in the region to sell its products to small and
        66 words
    • Article
      Lock icon Games industry 'brain dead': pioneer
      404 31 AFP I SAN JOSE, California] The electronic game industry is dead, veteran computer software designers lamented in the heart of Silicon Valley last Thursday. Chris Crawford, whose experience creating electronic games dates back to when he went to work for Atari in 1979, sounded a
      AFP  -  404 words
    • Article
      Lock icon IBM displays superfast, ultrasmall circuit
      447 31 Team makes circuit around single carbon molecule NYT [SAN FRANCISCO] In an advance suggesting that a new kind of ultrasmall computing circuit may one day be produced using conventional chip-making equipment, IBM researchers have succeeded in fashioning an electronic circuit around a single carbon nanotube
      NYT  -  447 words
    • Article
      Lock icon Disney plans computer game based on hit show
      175 31 Bloomberg [NEW YORK] Walt Disney Co will publish a computer game based on the hit ABC TV show Desperate Housewives to capitalise on the series' success. Disney's Buena Vista Games Inc will introduce a Desperate Housewives title this fall, the Burbank, Cali-fornia-based
      Bloomberg  -  175 words
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      108 26 Trusted ePlatform Services Trusted ePlatform Services Advantech Solution Day Offers Full-Spectrum Industrial Computing Solutions Embedded Applied Computing industrial Automation eAutomation eAutOmatiOn Embedded Computing Seminar, Showcase Match Making for Solution Integrators a Advanced Embedded Features Make Your Solutions Competitive ARK Makes Your Solutions Easier Faster fajjii nl Applied Computing Medical Computing
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      8 26 FOCUS Making IT a business tool PG 32
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      241 27 X' Tf»Sfißi^^Kf«^iriiißß^;- v w &gt; 'X- J y'''l|w "■;-&lt;* v ;'S+*- *\+jJkjfc[^ f mm r '4&gt; M 1 &gt; ft "u'" .'&lt;*»--* d»'* *'*^jj^§^SMj^'' v X i &lt;B|^y;/'' yv r &lt; -j.*. ■*&lt; y. ',*.•;*"'4'• 'j* &gt;'. '"t^? n 4 :r r 3 &sG.£ i :m&gt; J .:?%&!*;'-X' &lt;iv 'vrv.-j.
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      145 28 Return with us now to those days when your entail didn't teem with viruses, worms, spam, spam and more spam. With Email Security solutions from Symantec, the unwanted email that fills your company's Inboxes can be drastically reduced. Combining over 20 spam-filtering technologies with the industry's leading antivirus, Symantec Email
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      338 29 AVAYA Developer Connection Power Briefing Accelerating Development of Intelligent Communications J U I Developer Community Member Developing voice-enabled applications in Java/J2EE, Web Sphere or .NET? m wjk\ w* Curious about the technology behind IP technology, Contact Centres or Mobility? I AVAVA What is it? Hurry and register for the Avaya
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      134 30 STABILITY If there's one constant in business today, it's change. But large or small, internal or external, change doesn't have to impede IT service delivery. Think of change as an opportunity for IT to fr*. *&gt;'■■ satisfy fluctuating demand while maintaining a stable, productive work environment. With integrated CA software
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      302 31 STABILITY Consider change an opportunity to deliver IT service consistently and efficiently to the needs of the business. n C°'' n Rudd, architect and lead author of ITfL", for an exclusive introduction to ISO ***** and learn more on the benefits of certification and how to leverage industry best mm
      302 words
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  • BizIT FOCUS: MAKING IT WORK
    • Article, Illustration
      Lock icon Making IT a business tool
      1632 32  -  Companies are realising that IT systems need to be aligned with business objectives to maximise returns, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY A RECENT study by the USbased Yankee Group finds that 90 per cent of all mis-sion-critical business processes in large companies are
      AFP  -  1,632 words
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      67 32 vt &gt;iV&gt; '/&lt;: "'I I m I I ii j I V ■HHHHlHHH|f|f||||Hl^^^^H^^|B3b|^P^^^|^^^^^^^^^^pi:. MERCURY BUSINESS TECHNOLOGY OPTIMIZATION ***** Mercury Interactive Corporation. All rights restricted Mercury Interactive. Mercury. Mercury BTO Enterprise, and the Mercury logo are trademarks ot Mercury Interactive Corporation and may be registered in certain jurisdictions. The absence of
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      12 32 This weekly series is brought to you by* MERCURY" BUSINESS TECHNOLOGY OPTIMIZATION
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