The Business Times, 18 April 2006
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2006-04-18
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The Business Times
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Title Section16 2006-04-18 1 The Business times Tuesday April 18,2006 SINGAPORE 85 cents ~dnfine at http://business-times.asial .com.sg MICA (P) 099/03/200616 words
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Article, Illustration518 2006-04-18 1 MICHELLE QUAH - Former directors Richard Yong, Matilda Chua also to be charged By MICHELLE QUAH [SINGAPORE] Several former National Kidney Foundation (NKF) officers including former chief executive T T Durai will be charged in court today. BT understands that Mr Durai has been arrested and518 words
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Article, Illustration533 2006-04-18 1 CONRAD RAJ - A1 says its edge in S'pore is in the use of existing streets By CONRAD RAJ [SINGAPORE] The race is on between Bernie Ecclestone's Formula One and Dubai's A 1 Grand Prix to bring motor racing back to Singapore. After Mr EcclestoneREUTERS - 533 words
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Page 1 Advertisements
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Advertisement25 2006-04-18 1 STORE ECONOMY Q1 exports up a robust 16.9% PG3 *r* J^k <*# *^*^9 K qKA |f BOAT ASIA Making a splash in the region PGS 21-2325 words
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Advertisement14 2006-04-18 1 BflpHi COMMENTARY much for Robinson? 111 8 ***** V *****4 Markets Digest Pg 314 words
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Advertisement69 2006-04-18 1 C\ Purple Sage, one-stop boutique caterer pg 12 AGM WATCH Don't shy away from director's pay PGS J■Hp; J»gp> v Brsguat. La passion lalaas dss tracss. W Extra-thin wristwatch Classlque In 18-carat yellow gold Self-winding mechanical movement. Sihrered gold dial, hand-engraved on a rose engine Sapphire caseback Water-resistant. V.—_ Depuis69 words
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TOP STORIES
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Article, Illustration520 2006-04-18 2 CHUANG PECK MING - Approval figure in online survey is far higher than in other countries By CHUANG PECK MING [SINGAPORE] Almost half of Singaporeans in an online poll said the government is doing a good job creating employment a number far higher than in otherSource: ACN elsan - 520 words
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Article, Illustration453 2006-04-18 2 Thaksin opponent faces arrest warrant if he fails to show up again By OUR CORRESPONDENT in Bangkok THAI media tycoon Sondhi Limthongkul yesterday defied an order to front up to police over allegations that he insulted the country's monarch KingAFP - 453 words
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Article599 2006-04-18 2 S'pore exports up a robust 16.9% in first quarter SINGAPORE posted a 16.9 per cent jump in non-oil domestic exports in the first three months of 2006 way above the official forecast of 5-7 per cent for the full year. The trade figures suggest that external demand was599 words
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Article, Illustration600 2006-04-18 3 CHUANG PECK MING - Growth driven by external demand but pace expected to moderate in H2 By CHUANG PECK MING SINGAPORE] Singapore's key non-oil domestic exports got off to a good start in the first three months of 2006, posting year-on-year growth of 16.9 perSource: IE S'pore - 600 words
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Article137 2006-04-18 3 sn 2,550.34 (+5.96) ST INDEX FUTURES 2,547.00 (+5.00) siMsa 302.79 (+0.67) SIMSa FUTURES 301.10 (+0.40) MARKETS Monday Change KLSECOMP 939.74 +1.42 NIKKEI 225 17,000.36 -233.46 HANG SENG Closed SET INDEX 759.42 +3.99 JAKARTA COMP 1.386.79 +4.66 MANILA COMP 2,229.36 +5.36 SEOUL COMP 1,422.63 -10.09 SHENZHEN B 288.89 +5.17137 words
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669 2006-04-18 3 RONNIE LIM - Market edgy as oil-related shares gain and oil-dependent counters lose By RONNIE LIM [SINGAPORE] The shares of oil-related stocks like Singapore Petroleum, Interra Resources and China Petrotech leapt on the Singapore Exchange yesterday as crude prices hit a record US$7O a barrel.669 words
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Advertisement219 2006-04-18 2 ?"/"<- '"y w^m "^?1 I v fl| Hi '-jB V H V WM W\ I /VWterinj fibers is strength I I /VWterinj is lrue I I lao Tzu I I WORLD EXPERTISE WITH ASIAN INSIGHTS. I RANKED AS ONE OF THE TOP UNIVERSITIES IN THE WORLD, NUS BUSINESS SCHOOL H219 words
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Advertisement22 2006-04-18 2 GOOD GAINS g Let your investors Kim by advertising your financial results In our newspapers. Call 1800 289 8822 or email notiees#$phxom.$g.22 words
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Advertisement8 2006-04-18 2 people Corporate matchmakers. www.thepeopleatwork com Asia-Pacific Executive Search8 words
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Advertisement203 2006-04-18 3 Our unrivalled range of markets includes thousands of individual shares, plus FX and global stock indices. r\ Q A PI 1 Q Opening a position is quick and easy, and all our products are available through our multilingual online platform. yOD/ 03/U D I 10 share cfds igmarkets.com.sg Go long203 words
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COMPANY NEWS
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Article, Illustration481 2006-04-18 4 DONALD URQUHART - BOOMING RIG BUSINESS Contracts reflect SembMarine's influence within Cosco group By DONALD URQUHART COSCO Corps Singapore subsidiary, Cosco Shipyard Group, has secured U5592.4 million in new contracts as it edges its way up the shipbuilding value chain, partly thanks to work farmed out byFILE PHOTO - 481 words
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414 2006-04-18 4 CONRAD RAJ - By CONRAD RAJ ENERGY-HUNGRY India appears to be on a rig buying binge as its companies step up their search for oil and gas to feed one of the fastest growing economies in the world. Keppel Group, the world's largest builder of414 words
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386 2006-04-18 4 ALEXANDRA HO - Plans for US$500m Middle East hospitality group By ALEXANDRA HO KUWAIT'S investment bank Global Investment House and Singapore's Fraser Serviced Residences are teaming up to invest US$5OO million to create a Middle Eastern hospitality company in the next five years. The company386 words
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325 2006-04-18 4 OH BOON PING - By OH BOON PING SHARES of explosivesmaker Fabchem China yesterday gave an explosive performance more than doubling in price before closing its trading debut at 64 cents, for a gain of 32 cents. The stock started the day at 56.5 cents and hit325 words
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293 2006-04-18 4 RONNIE LIM - By RONNIE LIM CHINA Petrotech Holdings has clinched its first overseas oilfield services contract for an offshore Cambodian oilfield being developed by a Chinese oil company. This marks its first big break into actual exploration and production (E&P) support activities, after earlier being just293 words
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Article, Illustration826 2006-04-18 4 KALPANA RASHIWALA - HOCK LOCK SIEW By KALPANA RASHIWALA HAS Auric Pacific, controlled by Indonesia's Lippo Group, overpaid for its stake in retailer Robinson? Last Thursday, Auric said its unit will buy a 29.9 per cent stake in Robinson from OCBC for $7.90 a share aARTHUR LEE - 826 words
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Article528 2006-04-18 5 8Telecom Irrtl A Suntec Singapore 10.00am International Convention Exhibition Centre, 1 Raffles Boulevard, Meeting Room 307, Level 3, Singapore *****3 Aqua-Terra A 2, Sixth Lok Yang Road, 10.00am Singapore *****0 Asia Enterprises A 3 Pioneer Sector Walk, 10.00am Singapore *****7 BH Global Marine A 8 Penjuru Lane, 10.00am528 words
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Article, Illustration667 2006-04-18 5 R SIVANITHY - AGM WATCH Shareholders should examine if top management's huge salaries are justified R SIVANITHY Senior Correspondent ONE of the most interesting sections of any annual report is the one that features top management's salaries it is, after all, natural to be curious about667 words
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Advertisement46 2006-04-18 4 Sales Training Needed? Satisfied BfIRTEC Customers BOSCH liarSlSSl Reed Busim-si Information Former Big Splash East Coast Park Land Area 28,304.5 sq m Max. GFA 9,655.22 sq m Allowed Uses Sports Recreation with Ancillary Complementary Services For more information, please contact 9731 4032 I 9673 4989 <c46 words
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Advertisement96 2006-04-18 4 Our qualified professionals can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further96 words
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Advertisement129 2006-04-18 5 Ability Matters. to rotation -««m and can continue working and jl^l^ worry afffcftO,^Bßßß^sßll my future." m M |M Veo Chai Hoon, 48 Engineering Assistant XW'^'t Murata Electronics .(KIF m->--2Fi fr ft* The advantage is yours Murata gains the advantage by recognising that the ability of an individual matters much more129 words
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SINGAPORE MARKETS
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Article, Illustration531 2006-04-18 6 R SIVANITHY - STOCKS Index's firm showing in the face of a Tokyo plunge inspires second-line confidence R SIVANITHY Senior Correspondent IF YOU had looked at the performance of the Straits Times Index yesterday, you might have formed the impression that nothing of interest occurred the indexSource: Bloomberg - 531 words
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Article, Illustration877 2006-04-18 6 UMA SNANKARI - Compiled by UMA SNANKARI United Test and Assembly April 17 dot*: 550.92 MORGAN STANLEY RESEARCH, April 17 UTAC's flash business has recovered fully, as weakness in February 2006 and mixed signal (due to Sigmatel) are largely behind it. With resumption of stable growth, we expect Utac to beSource: Bloomberg - 877 words
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Article, Illustration1028 2006-04-18 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 17 and earlier) Subsantial No of Prke SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stodi Date Director Sell '000 Shr < ('000) ('000) Manhattan Res 13-Apr-06 Tan Kwee Hiang 'Sell 3237 na ***** 10.92 ***** 10.01 Manhattan Res 13-Apr-061,028 words
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Article, Illustration559 2006-04-18 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent RESURGENT concerns over an imminent US interest rate peak punished the US dollar in thinned Asian trading yesterday, even as ongoing worries over a perceived Iranian nuclear threat propelled firm Forecast is instructive. It expectsSource: Reuters - 559 words
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Article, Illustration506 2006-04-18 7 WONG WEI KONG - Ex-Citiraya exec Ng Teck Boon questioned over 2004 meeting By WONG WEI KONG ACCOUNTS clerk Joanna Aw Meng Choo, accused of helping to falsify accounts at Citiraya Industries, was lulled into a false sense of security when a deception plan506 words
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334 2006-04-18 7 MATTHEW PHAN - By MATTHEW PHAN CONTRACT manufacturer Hi-P International yesterday saw its largest one-day plunge in stock price in over a year, following negative reactions from analysts and after the management revised projected earnings. Hi-P, which serves the telecommunications, consumer electronics and other industries, saw334 words
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COMPANY BRIEFS
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38 2006-04-18 7 SINGAPORE Airlines filled 69.8 per cent of the space available on its planes for passengers and cargo in March a 2.3 percentage point increase, versus 67.5 per cent a year ago.38 words
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44 2006-04-18 7 KOH Rrothers Ruilding Civil Engineering Contractor has snagged a $23.6 million contract from the Public Utilities Roard for the Changi water reclamation plant contract C6A atTanah Merah Coast Road, with construction scheduled for completion in Q2 2008.44 words
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Article89 2006-04-18 7 HONG Leong Holdings has hired five lenders to arrange a $350 million loan. They are: Rank of America Corp, Rank of Tokyo-Mitsubishi UFJ, HSRC Holdings, Oversea-Chinese Ranking Corporation and Sumitomo Mitsui Ranking Corp. The loan will be secured by the Hong Leong Ruilding in Singapore's89 words
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48 2006-04-18 7 ENERGY services firm KS Energy and crane company Tat Hong Holdings will establish a joint venture company to charter two land rigs to a China national oil company. The total value of the charter amounts to US$lO.B million over four years.48 words
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75 2006-04-18 7 STAR Pharmaceutical's subsidiary Hainan Star Pharmaceutical Co will acquire a 60 per cent stake in Reida Shijia Technology Development Co from Million Power Holdings for 55 million yuan (Ssl 1 million). Peking University will hold the remaining 40 per cent of Reida Shijia.75 words
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53 2006-04-18 7 Ml yesterday unveiled a cheaper plan for wireless Internet access using 3G technology. Its premium 3G Sun Surf 100 data plan will now cost $68 a month, down from the previous $199 for unlimited use. Ml will also provide the Vodafone Mobile53 words
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424 2006-04-18 7 CONRAD TAN - By CONRAD TAN THREE former executives of troubled Accord Customer Care Solutions (ACCS) are back in court this week this time in the High Court battling a $3.75 million civil action brought by a former employee of ACCS subsidiary Distribution Management424 words
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Advertisement59 2006-04-18 7 i HITACHI Inspire the Next Wake critical business decisions with an accurate overview of I Possess adequate knowledge to accommodate changes in today's mvl I aggressive business environment and retain your company's i Jaf H competitive edge. Realise your company's potential growth. y, t -'J|| Mb THE ONE IS I59 words
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SINGAPORE NEWS
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443 2006-04-18 8 KKR makes second foray in Asia with biggest leveraged buyout in India Bloomberg KOHLBFRG Kravis Roberts Co (KKR) will buy Flextronics Software Systems for US$9OO million in India's biggest leveraged buyout. Flextronics International Ltd, the world's largest producer of electronics for other companies, willBloomberg - 443 words
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Article, Illustration316 2006-04-18 8 UMA SHANKARI - By UMA SHANKARI SINGAPORE'S retail sales rose 4.7 per cent in February, Department of Statistics figures released yesterday show. Retail sales in February totalled $2.07 billion. Retailers of telecommunications apparatus computers, optical goods books, and watches jewellery enjoyed dou-ble-digit growth over the same monthFILE PHOTO - 316 words
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354 2006-04-18 8 MATTHEW PHAN - By MATTHEW PHAN THE government needs to be more open about why healthcare costs are so high. Chiam See Tong, chairman of the Singapore Democratic Alliance, said yesterday. Speaking after a regular town council meeting at his ward Potong Pasir, the opposition354 words
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392 2006-04-18 8 ARTHUR SIM - Development has estimated asking price of $380m By ARTHUR SIM PRIVATISED HUDC development, Waterfront View in Bedok, is up for collective en bloc sale for an estimated $380 million. If it finds a buyer, it will be the second such development after Far392 words
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287 2006-04-18 8 THE shortlist for the design competition to create the master plan for the Gardens by the Bay has thrown up some interesting names, rivalling those for the neighbouring integrated resort. Top of the list is Pritzker Prize winner Rem Koolhaas of Office287 words
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401 2006-04-18 9 MATTHEW PHAN - Scheme will cover 4 common chronic illnesses that affect 1m Singaporeans By MATTHEW PHAN THH Ministry of Health projects total withdrawals of up to $250 million per year from Medisave, under a new scheme that allows patients suffering from four chronic diseases401 words
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Article, Illustration240 2006-04-18 9 $7.5b to be spent in next 5 years to sustain growth Xinhua SINGAPORE must focus on talent, innovation, and research and development (R&D) to maintain the competitiveness in its chemicals industry, said a senior government official yesterday. The Republic has set up theXinhua - 240 words
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Article, Illustration241 2006-04-18 9 NEWSPAPERS under Singapore Press Holdings (SPH) have clinched five awards at the prestigious PANPA Newspaper Advertising Awards 2006. The awards are an annual event that recognises excellence in newspapercreated advertisements. Entries hail from the cream of the region's newspapers. The Straits Times' Health YouFILE PHOTO - 241 words
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Page 8 Advertisements
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Advertisement1509 2006-04-18 8 PACIFIC HEALTHCARE HOLDIHGS LTD. (Incorporated in the Republic of Singapore) Co. Reg. No. *****0544H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Amadeus Room, Level 3, The Gallery Hotel, 76 Robertson Quay Singapore *****4 on Friday,1,509 words
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Advertisement606 2006-04-18 9 BBBBBBBBBBBBBBBBIIIHHBBBHBBBHBfii^&^^^^^lff'' WKBSt fll n i %_jm m m P9f you want it by the Bfl not by the bottle: fl I I Jfc. '9 Linked Note at a minimum^^B v". ?.^3!ssJsi^2^^^^ ww V BL I 9 Introducing a more accessible way to invest from DBS. Equity Linked Besides, our team606 words
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SMEspotlight
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Article, Illustration431 2006-04-18 10 NANDE KHIN - As SMEs' needs evolve, they will require more sophisticated services that banks would do well to provide, writes NANDE KHIN NANDE KHIN ANKS will increasingly play the role of fiH W nancial advisers to small and mediumsized enterprises B (SMEs) as SMEs* needs evolve, said431 words
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264 2006-04-18 10 A WEB-BASED portal developed by the Small and Medium Enterprise Department of the World Bank Group will be available to SMEs next month. Dubbed the SME Toolkit, the portal offers business management tools and training for SMEs on accounting and finance, business264 words
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Article, Illustration899 2006-04-18 10 TEH HOOI LING - By TEH HOOI LING EVEN before the Beijing Olympics begins, a Singapore company has already proved to tfiMSTOinner. Singapore-based roof drainage system pramer. Fast Flow, has led a consortium to win a tender for the design, supply and building of a899 words
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125 2006-04-18 10 AVIATION engineering services and training provider Mil-Com Aerospace is tying up with Royal Brunei Engineering, a subsidiary of Royal Brunei Airlines, to jointly offer aircraft-type and engineering courses. The two signed an agreement yesterday following a memorandum of understanding in June last year125 words
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Article, Illustration981 2006-04-18 12 NANDE KHIN - NANDE KHIN finds out how the catering company differentiates itself NANDE KHIN Deconstruct Purpie Sage Creative Catering, and one would find all the makings of a successful SME that would have made Spring Singapore proud. Just over three years old, the catering company hasYEN MENG JIIN - 981 words
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Article5832 2006-04-18 12 UNIT TRUSTS FUNDS ACMGI Amer income BUSO 8.51/ ACMGI Amer Income A EUR 7.02/ ACMGI Amer Income B EUR 7.02/ AMI Aim AM Mgt (S port) ACMGI Europ Income Opp AT SGD ...14.78/ Star Europe |qty' 0925/ ACMGI Europ Income Opp BT SGD 14 76/ Star Ei*ope Bond .143/ ACMG5,832 words
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Article, Illustration1011 2006-04-18 13 JURENA CHAN - SMALL CAPS It will expand crane rental and develop general equipment business this year, reports JURENA CHAN JURENA CHAN TAT Hong Holdings is aiming to expand its crane rental business and to develop its fledgling general equipment business this year, says groupYEN MENG JIIN - 1,011 words
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320 2006-04-18 13 TEH HOOI LING - By TEH HOOI LING HERE'S something for perspective. Although the UOB Sesdaq Index has risen by 27 per cent since mid-November last year, it still underperformed the Straits Times Index by a staggering 50 percentage points between October 2003 and now. It is320 words
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Article, Illustration342 2006-04-18 13 NANDE KHIN, SIM PING KHUAN - By NANDE KHIN, SIM PING KHUAN THE biggest problem identified by leaders of Singapore SMEs is the wage level, according to a survey released last week. But other findings by the UPS Asia Business Monitor show the Republic's SMEs to be the envySource: UPS - 342 words
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Advertisement12 2006-04-18 10 PHOENIX 1516.. Make an affordable call su £e on 6838 or www.phoenixcomms.com12 words
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Page 11 Advertisements
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Advertisement365 2006-04-18 11 flgfc HBHrnw .4* Meet the Stars from 18-28 April 2006 *||H With no less than eleven-Michelin-stars, the tenth anniversary of the World Gourmet Summit will amaze and excite the senses. From fresh Norwegian cuisine to contemporary Asian-French fusion, the stunning plethora of Iconic Chefs and Masterchefs will congregate in Singapore365 words
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Page 12 Advertisements
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Advertisement38 2006-04-18 12 If r V You can now use your CPF savings to invest in AllianzGI Global Allianz (jfi) W Hiqh Pavout Fund. Visit OCBC Bank for more details. Global investors ''IIS 11 -Uf* w J company ifun. no I*****169Z38 words
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ECONOMY WATCH
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810 2006-04-18 14 Q1 data to be released on Thursday the same day Hu meets Bush in Washington Bloomberg PRESSURE on China to allow the nation's currency to rise faster may intensify after President Hu Jintao said on Sunday that the world's fourth-largest economy grewBloomberg - 810 words
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Article, Illustration516 2006-04-18 14 ANALYSIS Reuters [TOKYO] Japan's current economic growth cycle could become the longest in the post-war era, and some economists are even trying to think of names for this period. "How about the 'Renaissance economy', as companies have finally regained their competitiveness during this recovery?"Reuters; AP - 516 words
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Advertisement165 2006-04-18 14 We go under sea to bring the best am/^HgttE^YjV^H freshest offerings, for a meal you're^MHAk likely to Don mouf/i-wn/en'ng^^^^HH menu that include Deep-fried Red Garoupa with Thai j sauce (at $5.50 per lOOgm). Available from 1-30 April for lunch and dinner, 7 days a week including public holidays. ita^SSfS■ Diners165 words
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Advertisement14 2006-04-18 14 SSv i IWWIBpMWMI $£>.'. j V: fffWlltl w»Slg» 1 iTF? 1 .a f* I f.^14 words
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MALAYSIA
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205 2006-04-18 15 Bloomberg [KUALA LUMPUR] Malaysia's government will delay "indefinitely" the implementation of a goods and services tax, giving industry more time to prepare for the new levy. The government will release in June the Third Industrial Master Plan, a 15-year programme toBloomberg - 205 words
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Article2397 2006-04-18 15 VOl General Corp .0.61 -0.03 373 April *M C000) Gentinq 24.80 0.10 28 George Kent .0.55 -0.03 97 ASM Realty 1.37 unch 0 GHL Systems .037 -0.02 ***** Abric 037 unch 249 Globetronics Tech 032 -0.01 429 ACP Industries 1.07 -0.04 312 GlomacBhd 1.28 0.02 51 Advance Synergy—2,397 words
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Article, Illustration581 2006-04-18 15 PAULINE NG - Development finds impetus in region's economic development By PAULINE NG in Kuala Lumpur TO BE repositioned as a regional tourist and investment destination, the proposed South Johor Economic Region Development (SJERD) is expected to boost the expansion of UEM Group's Nusajaya which is next to581 words
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489 2006-04-18 15 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur MALAYSIA could unveil the buyer of a key 49 per cent interest in Bank Islam as early as next week, say financial executives familiar with the matter. The central bank had allowed two foreign companies489 words
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Advertisement8 2006-04-18 15 jr. ,t| KB** *WBk jg«WBM 1> x /^/iJ^^^^HHBHI|HMMHHR|i^H8 words
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GREATER CHINA
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708 2006-04-18 16 MARKET MOVES Regulator to select 5 brokerages to begin the services, says draft plan Bloomberg [BFIJINGI China plans to let investors buy stocks using borrowed money and sell shares they don't own for the first time, to channel more of the nation's US$4 trillionBloomberg - 708 words
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Article, Illustration516 2006-04-18 16 Landmark project may be finished one year early AFP [YICHANG, China] Thirteen years after construction began on the controversial Three Gorges Dam on China's biggest river, work on the project often compared to the Great Wall in its scale is nearly complete. The firstAFP - 516 words
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286 2006-04-18 16 Private placements, rights shares, IPOs in this order Reuters Bloomberg [SHANGHAI] China's stock regulator yesterday said it would soon allow companies to raise capital on domestic stock exchanges after an 11-month suspension, as reforms of government holdings in lifted companies had seen someReuters; Bloomberg - 286 words
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456 2006-04-18 16 Bloomberg [BEIJING] China should relax restrictions on ownership, improve transparency and open up its capital markets to encourage takeovers by foreign companies, the Organisation for Economic Co-operation and Development (OECD) said in a report yesterday. China was the world's third-largest recipient ofBloomberg - 456 words
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281 2006-04-18 16 Bloomberg [BEIJING] China Construction Bank Corp, the country's third-biggest lender, denied a report that it is in early talks with Bear Stearns that might.result in the Chinese stateowned lender buying a minority stake in the securities firm. "The bank has no plan forBloomberg - 281 words
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231 2006-04-18 16 AP [SHANGHAI] AOL Time Warner and Shanghai Media Group's broadband unit will jointly broadcast programmes about Chinese culture and society to viewers worldwide, the Shanghai company said yesterday. "We are going to cooperate with AOL, mainly providing them with programmes in Chinese language,"AP - 231 words
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Page 16 Advertisements
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Advertisement558 2006-04-18 16 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND A-S TECHNOLOGIES PTE LTD Reg No. *****4036E (In Members' Voluntary Winding Up) NOTICE OP FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Members of558 words
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INDIA
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Article, Illustration656 2006-04-18 17 Their opposition to economic reforms expected to increase Bloomberg [NFW DELHI) India's communists may win state elections in West Bengal and Kerala, strengthening their resistance to Prime Minister Manmohan Singh's plans to ease overseas investment rules in retail, analysts said. Flections in theBloomberg; AP - 656 words
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Article698 2006-04-18 17 SIDDHARTH SRIVASTAVA - Spate of murders reveal the ugly side of consumerism By SIDDHARTH SRIVASTAVA in New Delhi RECENTLY, New Delhi has been witness to horrific crimes related to personal loans and debts incurred by families. But there have been no outward signs of stress. The families698 words
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199 2006-04-18 17 Bloomberg [BANGALORE] Infosys Technologies, seeking to beat rising wages at home, is looking at China to recruit more engineers. "We want to have an alternate location to India for recruitment as there is a challenging environment in India," co-founder and deputy managing directorBloomberg - 199 words
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273 2006-04-18 17 BANK PROFITS Bloomberg [MUMBAI] HDFC Bank, India's third biggest lender by market value, said fiscal fourth-quarter profit rose 30 per cent on higher yielding loans to individuals and on an jump in fee income. Net income rose to 2.63 billion rupees (5593.3Bloomberg - 273 words
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300 2006-04-18 17 Bloomberg [MUMBAI] India's top two lenders, State Bank of India and ICICI Bank, are expected to report slower fourthquarter profit growth as rising deposit costs countered income growth from loans. State Bank's profit in the three months ended March 31Bloomberg - 300 words
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Advertisement1161 2006-04-18 17 :*AT3 NOTICES Toll free 1800-289-8822 Email: notices@sph.com.sg rrq WBL CORPORATION LIMITED (Incorporated in Singapore) (Company Registration Number: *****0028Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the stockholders of WBL Corporation Limited will be held at The Executives' Club, 65 Chulia Street, 33rd1,161 words
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ASIA-PACIFIC/WORLD
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500 2006-04-18 18 Strong show by trading, investment banking helps to boost figures Reuters Bloomberg [NFW YORK] Citigroup yesterday said profit rose 4 per cent in the first quarter as record revenue from nonUS operations and from fixed-income trading and investment banking offset weakness in USReuters; Bloomberg - 500 words
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321 2006-04-18 18 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo CONFIDENCE among Japanese consumers has risen to its highest level since the collapse of the bubble economy 15 years ago, the government announced yesterday. The announcement added support to suggestions by analysts that the current economic recovery, which321 words
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480 2006-04-18 18 Farm co-op also forming group to submit offer Reuters [SEOUL] Hana Financial Group will submit a preliminary bid for LG Card Co Ltd, setting it in competition with bigger rival Shinhan Financial Group. Hana, which lost out to industry leaderReuters - 480 words
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761 2006-04-18 18 Bloomberg [NEW YORK] By disclosing last week that it is considering acquisitions, the New York Stock Exchange (NYSE) has signalled that the pace of consolidation in the global equity markets is about to increase. The NYSE's disclosure on Friday is the first indicationBloomberg - 761 words
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124 2006-04-18 18 Reuters [WASHINGTON] Net flows of capital into US assets rose to a bigger-than-expected US$B6.9 billion in February, handily covering the country's U5565.7 billion trade deficit in that month, a Treasury Department report showed yesterday. Net foreign purchases of US Treasury bonds and notesReuters - 124 words
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319 2006-04-18 18 AFP [LONDON] An Indian-bom computer engineer who developed the software used by the world's largest online poker firm hit the jackpot yesterday after being named as one of Britain's wealthiest Asians. Anurag Dikshit, co-founder of Party Gaming, came up trumps at No 3AFP - 319 words
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Article, Illustration744 2006-04-18 18 LAT-WP IS time running out for the wristwatch? Surveys and sales numbers show young shoppers shunning watches for snazzier time-telling gadgets. such as cell phones and iPods. Last year, the number of people who bought watches not in the Rolex and Patek Phillipe stratosphere droppedLAT-WP - 744 words
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AVIATION
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290 2006-04-18 19 Bloomberg [DUBAI] Emirates, the biggest customer for Airbus SAS's A3BO, said it may buy more of the aircraft in place of a US$4.2 billion order for 20 smaller planes. Emirates, owned by the government of Dubai in the United Arab Emirates,Bloomberg - 290 words
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241 2006-04-18 19 AP [HANOI] Vietnam Airlines and American Airlines began their code-sharing agreement yesterday, a spokesman for Vietnam's national carrier said. A Vietnam Airlines statement said the implementation of the code-sharing agreement allows the Vietnamese carrier to boost its image in the global transportation markets. American isAP - 241 words
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514 2006-04-18 19 Pressing issues include tackling rising fuel costs, LCC competition AFP [BANGKOK] Flag carrier Thai Airways International is set to pick a new president today amid pressure from soaring global oil prices and cut-throat competition from low-budget airlines. Thai Airways has been hunting forAFP - 514 words
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217 2006-04-18 19 AP [GAINESVILLE, Florida] A small plane crashed into a sport utility vehicle parked outside an airport, hurling it through a terminal wall, officials said. Three people in the plane were killed. The twin-engine Beech B-60 also sparked aAP - 217 words
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266 2006-04-18 19 [SINGAPORE] A UK newspaper reported yesterday that General Electric Co has emerged as a surprise participant in the battle to buy British airports operator BAA Pic. The Daily Telegraph newspaper, citing unnamed UK government sources, said that GE, though not named as266 words
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233 2006-04-18 19 [SINGAPORE] Some 2.85 million passengers passed through the gates of Changi Airport last month, its highest passenger traffic numbers for the year so far. The figure was 8.3 per cent higher than that for the same month last year, and also up compared to233 words
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Article2205 2006-04-18 19 5Q435 0550 SQ436 2030 Adataid* IH9771 1750 AF8088 2215 Q** 26 f ff 627 SO230 1750 8A7382 2215 0S3 EK344 0045EK344 0200 Af8067 1850 0*82 2215 "g"" 073S EK405 0210 BA7381 1850 LH9770 2345 SO«93 0735 EK433 0325 <yei 18?0 SQ22j 2345 ««4 1405 K352 22252,205 words
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Page 19 Advertisements
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Advertisement151 2006-04-18 19 > Wk* w': nil';mmwc ttnrraWHTTiiMiTiir' i tr wtflown < 1 "H'i illiiiiT^<rwMW T i">iifj| BT/ZUJI Deals of the Week I BUSINESS (from ECONOMY (from HOTEL (from Paris $2,899 $850 $111 Thai Airways Air France DESTINATIONS BUSINESS CLASS (from ECONOMY CLASS (from HOTEL from WEATHER HoChiMinh $538 (Vietnam Airlines) $185 (Vietnam151 words
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Page 19 Miscellaneous
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Miscellaneous287 2006-04-18 19 CRYPTIC CROSSWORD 1 Bird giving angry account (9) I I I I I I I I 8 Horses needn't keep running 11 Machine produced endless I I I Fish one found in lake (5) H'*' 13 Exclude from French sand- 16 One who is on a crest of a wave?287 words
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SHIPPING
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487 2006-04-18 20 AFP AP [TOKYO] A reported Chinese ban on ship traffic around disputed gas fields in the East China Sea could violate the UN Convention on the Law of the Sea, a top Japanese government official said yesterday. Chief Cabinet Secretary ShinzoAFP; AP - 487 words
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562 2006-04-18 20 PSA also cited as interested investor in port operator's HK$2.l6b IPO Bloomberg Reuters [HONG KONG] Nippon Yusen KK, Japan's largest shipping company, will own 4.1 per cent of China's largest oil terminal operator in Dalian Port Co's HK$2.l6 billion (***** million) initialBloomberg; Reuters - 562 words
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Article, Illustration58 2006-04-18 20 [TOKYO] Philippines-registered Eastern Challenger is seen partially submerged after it collided with Japanese freighter Tsugaru Maru, off Tateyama, east of Tokyo, last week. The Eastern Challenger was carrying steel to Japan when it hit the Japanese vessel amid low visibility near the port ofYokohama. All crew membersREUTERS - 58 words
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261 2006-04-18 20 AFP [MANAMA] Witnesses blamed the sinking of a Bahrain pleasure boat, which killed 58 people, on the trip's British organiser who forced the ship's captain to sail against his wishes, an attorney for the vessel's owner said. "Witnesses have told the public prosecutor thatAFP - 261 words
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243 2006-04-18 20 [SINGAPORE] Draft restrictions and congestion at Indian ports have led to a novel approach for dry bulk shipping with the country's first "floating port" set to launch. The floating port is in reality a 250-metre-long, 300,000-deadweight ton ship designed by Seabulk Systems of Canada243 words
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Article282 2006-04-18 20 SGX '000 Apr! 7 SS W- Vol CH Offshore 0.40 i**h 910 Chuan Hup .0.35 unch 2022 Cosco Corporation 1 24 unch 2676 CWT Distribution 134 0.07 388 EzraHldgs 2M -0.02 173 FrvightUnks 0.09 0.02 ***** Grand Banks Yacht ...0.88 unch 3 Jaya Holdings 131 unch 223 K1282 words
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412 2006-04-18 20 Bloomberg [SINGAPORE] Oil tanker earnings may fall as higher-than-average US inventories cut crude imports, New York-based shipbroker Poten Partners said. Average daily earnings for two-million-barrel tankers, or very large crude carriers, may fall 38 per cent to U5544,500 inBloomberg - 412 words
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Page 20 Advertisements
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Advertisement249 2006-04-18 20 Asia's award-winning gourmet event, the World Gourmet Summit returns this year with the theme 'Celebrating A Decade of Epicurean Excellence". Pontini is honoured to host One-Michelin Star Chef Gennaro Esposito from I 9 22 April. Pontini offers the traditions and hospitality of Italy in its enticing fine fare which allows249 words
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BOAT ASIA 2006
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Article, Illustration816 2006-04-18 21 OH BOON PING - Singapore has many advantages a strategic location to begin with in its quest to become a regional boating hub. OH BOON PING reports OH BOON PING SINGAPORE is well-positioned to become the regional boating hub thanks to its prized geographical location, says Snntec Integrated Media (SIM),816 words
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Article, Illustration623 2006-04-18 22 OH BOON PING - oh boom ping looks at marina developments in South-east Asia OH BOON PING THANKS to rising income levels and a preference for the "water lifestyle", marina developments have been making waves in the region with many more being planned in the next 10 years,ARTHUR LEE - 623 words
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Article, Illustration496 2006-04-18 22 OH BOON PING - OH BÒN PING previews some of the stunning yachts to be displayed at Boat Asia OH BOON PING BOAT-LOVERS can look forward to an impressive line-up of boats at this year's Boat Asia exhibition that runs from Thursday to Sunday at Sentosa Cove, with many of them being exhibited496 words
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Page 21 Advertisements
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Advertisement141 2006-04-18 21 HHlinH W^ Joy Hdes on sail boats and Jet-skis. YltH SVN MIL flUßVwHffiSjl^HHl^^^H^^^^^^^^^^H^B *W VMC IMUM VILLAM and fatup doM R ASM PA6EAMT A total of 552,000 worth of ca*h to ba won. PM MM Cove. SET A FREE TICKET TO AMX lOOOwtth each Boat Mm fl BMfVIEWINQ Simply log141 words
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Page 23 Advertisements
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Advertisement112 2006-04-18 23 ONE°I MARINA CLUB SINGAPORE atsentosa covi ONE°IS defines sophisticated leisure pursuits, featuring world-class facilities which showcase 204 berths, including 10 purpose-built Mediterranean-mooring berths for mega-yachts, and premium nautical services. Nestled in the heart of Sentosa Cove, between serene landscaped gardens, world-class golf courses and turquoise waters, this unprecedented landmark is112 words
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EDITORIAL & OPINION
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510 2006-04-18 24 EDITORIAL IS the Pentagon making plans to take out Iran's nuclear facilities? It may be that last week's revelations of a possible nuclear strike on Iran are leaks from Bush administration officials and are part of Washington's "coercive diplomacy" designed to impress Iran's leaders510 words
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Article, Illustration1275 2006-04-18 24 LANXING XIANG - Misunderstandings between them arise in the fields of politics, values and ideology By LANXING XIANG LAT-WP THE world's preoccupation with China's sudden rise as an economic superpower is a matter of some bemusement among Chinese political leaders and intellectuals. Massive trade surpluses with theLAT-WP; REUTERS - 1,275 words
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Article, Illustration770 2006-04-18 24 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL IT seemed like a party without end. In one of the longest bull runs in recent years, ample liquidity from foreign funds pushed up Indian stock indices foyrfold in less than three years. Yet the irrational exuberance that770 words
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Article, Illustration1545 2006-04-18 25 NORIMITSU ONISHI - Koizumi's policies are helping to revive the national economy, but social disparities are growing By NORIMITSU ONISHI NYT JAPAN'S economy, after more than a decade of fitful starts, is once again growing smartly. Instead of rejoicing, however, Japan is engaged in a nationwide bout of hand-wringingNYT; AFP - 1,545 words
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Article, Illustration725 2006-04-18 25 WILLIAM PESEK JR - WILLIAM PESEK JR Bloomberg THE 80s are back at least for US carmakers. Japan again seems poised to swallow up Detroit and some Americans are screaming conspiracy. It's a storyline right out of Michael Crichton's 1992 novel Rising Sun, a hyperventilation on the danger ofBloomberg; REUTERS - 725 words
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485 2006-04-18 25 Narayana Narayana Singapore - LETTER TO THE EDITOR Narayana Narayana Singapore I REFER to your "AGM Watch" article of April 12 titled "Shareholders need to be civil and relevant". 1 hope coming chapters will also comment on those who sit on a higher dais at such485 words
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Page 25 Advertisements
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Advertisement102 2006-04-18 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.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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Article11517 2006-04-18 26 SGX MAINBOARD Transaction date: Apr 17 S2 Wk T«f Last Vol Day Last Quote GrfNv Mw GrYW Net MCap High Low Code Company SaU +<- (*000) High law »ny«r SaMr Cvr HI Sum 5 1 5716 1st Software 5c _..3 +0 5 4695 3 2.5 2 3 12.111,517 words
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Article6153 2006-04-18 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la tool curt In St In USS dy %yr %dy %yt dy %yr Apr 14 tnd»» Ofnp» Change Chtngt Oin«a Oin— Chan— 7t»Wodd»ndBiPtetamnary ***** 00 M 00 11 00 £1 1 EAfE Pretiminaiy 1047 7 0.0 7,7 09 56 00 Europe Minwaiy 13K26,153 words
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Page 28 Advertisements
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Advertisement1319 2006-04-18 28 I llllflfilM 1 FvJI fPg— T Wm 1 NYK GROUP SOUTH ASIA PTE LTD IP. VW AtfW inm wr TEL 6295 0123 \L- -A XV A Aline t&jpgd| A Mm LINE Fax:*****Bs6(Re^on^s^os)/*****109(OPSV*****785(Doci*nentabon) v NIPPON YUSEN KAISHA TOKTO WUU KASHA. UO (C/RNO **********06) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NASSAU1,319 words
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Advertisement690 2006-04-18 28 toWMMftioaofvici vbsa/wr mww) wwwwt rre rot m 9n «t snumißnueoi/M is u <*/<m mam mam ?3/im jvw siwmvßnuif o;/ot is 3? 77/04 mam m/os o//ds oi/os |sronswmmot/n is ij ii/os isajs i«/os ?i/os n/os ImmUIMI «MWfT 1 mmjm |wnn)|wawwi| ia sw m sr» m mm uriswim" (OIUMIU liAOa AMI 30690 words
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Advertisement1332 2006-04-18 29 WAN HAI MIERNAHONAL PTE LTD aMk 14M*****00/K \AM\WAN HAI LINES 200 Y V l fcßßWfc*# PnIB:m33MMHMX:|O))JMZ32KFMIB:|M)2ItSW)FWtMBHtN V JoHll:|V)Sl«niMl:|t7)2SlWliniia:|ni))l«47SMl:ini)imn4/imiH WWW.WQnhai.tOM.SQ KT 021) ****** HUL Wl) 5254 m FUi IB: 71UM/714M1 NUbHiV* H IB: (041) 4157M3 NUL (Ml) 415W25/*****M WEEKLY EXPRESS SERVICE TO AND FROM CALLING SINGAPORE EVERY THURSDAY CALLING PALEMBANG EVERY1,332 words
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Advertisement1107 2006-04-18 29 rasa VOT SIM JKT mip pus VBSEL voy TT jkt sub hkg ush pus CAPt SANTIAGO 00)4£ 21/4 2V4 »/4 3/5 KMT( SINGAPOIE 605S 23/4 24/4 27/4 Z/S 4/5 7/5 HAMJIIIPOHANG 0303E 21/4 30/4 4/5 10/S KMTC KEELUNG 605S 30/4 3/5 4/S 9/5 13/S 14/5 yBSQ VOY SIN MSA JCA1,107 words
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Advertisement882 2006-04-18 29 m ssa WEEKLY EXPRESS SAILING SCHEDULE AND WESTERN ICD POINTS I vcsn I vor |sw pjoang! oxomo In. swv* I Colombo I IKOTAWtIAMA IYPMO3SII7AW I HAW I2IAW I 24AW 127 AW I liujIVGANDHI 1 0I03W 1 15 MAY llt MAY 119 HAY 122 MAY 125 MAY I AISO ACCEPTING FQ882 words
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THE BUSINESS TIMES SHIPPING TIMES
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4908 2006-04-18 30 This ETA ETA Advertiser Vessel Voyage Telephone HA HA Advertker VomI Voya«o Telephone SM Dertn mm Nhm Number Nuaber SM Oafii Mae NMaa NumberMaabar To ABIDJAN (ABJ) 2003 Cote O'lvoire To GENOA/GENOVA (GOA) 2137 Italy 27/04 05/06 ChmaShpg NEW DYNAMIC lit A *****698 27/044,908 words
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Advertisement273 2006-04-18 30 L Ba--ISn3ST SH» JS7H JT7W TSTDD WTS JI7W 177H PK GOES ITTHi JT7H 517® FXTHITBI WJ W7H ***** Hnjm I7MH vim urn mmi ov/m w/65 j«M j m\i\ j?/64 H/64 rjjwtfeu s?m> InjV jo/M hi j==jj==li= =^h VKSU VOY SIN SIT SMt I VKSfI IVOT ISW I CALCUTTA I 551273 words
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Advertisement290 2006-04-18 30 I VESSEL IVOY PKI I SIN I KARACHI PXE BAB NHS PMM MK I ICHOR IRAN BAABAfI PCI 8131 18/04 19/04 28/04 01/05 02/05 08/0S 11/05 14/05 MAN KORDfSTAN PCI 8133 26/04 27/04 06/05 09/05 10/05 16/05 19/05 22/05 IRAN SHAHRYAR PCI 8134 04/05 05/05 14/05 17/05| 18/05 24/05 1290 words
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Advertisement117 2006-04-18 30 BSA jl ■111 i|iiiii i i iip pth— MYANMA n| FIVE STAR LINE (Myonnar Notional Lino) Loading for Yang on VESSEL VOY SIN PKL PIN PGU CHIN SHWE HAW 90W SU> PAGAN 349W SIO IN MALAYSIA: lOUSTEAD SHIPPING AGINCIIS KUI/PKL: 03-*****3 M PIN: 04-2*3311S ACCEPTING CONVENTIONAL C6O VBSB VOY HU117 words
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PROPERTY
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Article, Illustration1087 2006-04-18 31 CHUA YANG LIANG - Developers need to take the initiative to keep pace with change By CHUA YANG LIANG age of office stock in the central business district, these future residential units can easily be adapted to home offices. Their location in Shenton Way allows them to capitalise onSource: Jones LaSalle Research January 2006 - 1,087 words
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Article, Illustration1152 2006-04-18 31 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo AFTER 15 years of dramatic decline and a drawn-outstag-nation, Japan's property market is on the rise, again in all senses of the term. Construction cranes swing high across the skylines of Tokyo and other major cities, jack hammers rumbleBLOOMBERG - 1,152 words
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Article1061 2006-04-18 32 FAZLUR RAHMAN BIN KAMSANI - By FAZLUR RAHMAN BIN KAMSANI THE Middle East, in particular the Gulf Cooperation Council (GCC) countries, is fast emerging as a market rich with business and real estate opportunities. This applies both to local firms looking to tap the multi-bil-lion dollar market there as well1,061 words
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Page 31 Advertisements
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Advertisement116 2006-04-18 31 Orchard Road Block Sale of newly completed 2, 3 Bedrooms Penthouses for quick sale in Orchard vicinity. Good Returns with capital gains Price: $25 Million thereabouts. Acquiring entire block is possible, subject to negotiations. Details Call Daniel Ng 9488 0086 or Gordon Ng 9271 8812 D INDUSTRIAL BUILDING FOR SALE116 words
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Page 32 Advertisements
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Advertisement335 2006-04-18 32 LUXURY RESIDENTIAL DEVELOPMENT SITE FOR SALE BY TENDER Tomlinson Road Qu e t locality, ideal for super A u luxury condominium 11 development T «in ,^e «4Ss-~!o" Site area approximately 76,888 sq ft Plot Ratio 2.8 vs\ 'hSw 3 Height control up to 36 storeys TrMtert SitlOni Potential to build335 words
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Advertisement253 2006-04-18 32 HILTON TOWERS Prime district 9 Elevated site off Grange Road 9 Land: 33,700 sq ft approx iIsSMSSr Freehold, zoned "Residential" Plot ratio 2.8, up to 36 storeys FOR SALE BYTENDER 1 Closing 20April 2006, Thursday at 3pm Peggy Tan 6531 8540 Tay Liam Hiap 6531 8616 Lim Poh Gheok 6531253 words
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