The Business Times, 21 April 2006

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Friday April 21,2006
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  • 836 1  -  Opposition to name candidates within the next week; PAP candidates already unveiled By CHUANG PECK MING, DANIEL BUENAS [SINGAPORE] As widely predicted, Saturday May 6 is Polling Day. And it comes nine days after Nomination Day on April 27, next Thursday. The announcement was
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  • 137 1 sn 2,583.73 (-2.11) ST INDEX FUTURES 2,583.00 (-2.00) SIMSCI 307.04 (-0.64) SIMSO FUTURES 306.60 (+0.80) MARKETS Thursday Change KLSE COMP 946.62 +0.65 NIKKEI 225 17,317.53 -32.59 HANG SENG 16,944.34 +113.90 SET INDEX 774.57 +10.40 JAKARTA COMP 1,464.53 +11.30 MANILA COMP 2,242.76 +19.03 SEOUL COMP 1,434.15 -3.69 SHENZHENS 295.28
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  • 1345 1  -  Even among blue chips, only a handful has hit all-time highs By TEH HOOI LING [SINGAPORE] Despite the Straits Times Index (STI) scaling new heights, about half of the stocks listed on the Singapore Exchange (SGX) are still
    Source: Bloomberg  -  1,345 words
  • Page 1 Advertisements
    • 39 1 TECHNOLOGY S'pore may invest in proton therapy technology PG3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http:// business-times.asial.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 19 1 ii kfi J IM ivi I vi Ji' 1V ll II Mill FIGHTING FIT EXECUTIVE LIFESTYLE PG 28 8
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    • 43 1 r> The unadorned taste of Burgundy TELCO Tbmasek, Singlfel may act over Thai rules PG4 X. CTiecit oat t/ie S'pore stock prices of companies relative to their 15-year high and low at httpS/Q&ln*ssjkmes. asial.com. sg HI ISMm #vJll^^^l I mm Jy*A /»MM H
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  • TOP STORIES
    • 645 2  -  Continuing rush of investor funds into oil markets pushing prices up: report By RONNIE LIM [SINGAPORE] An inflow of hedge fund money, accompanied by heightened ener-gy-related activity at banks and financial institutions here including recruitment of traders for their new energy
      645 words
    • 35 2 iN "Lucky Plaza shop tops them all at stunning $10,452 psf(BT. April 19), the owner of the Lucky Plaza basement shop is All Watches, and not All Watch. We are sorry for the error.
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    • 507 2 S'pore may invest in proton therapy technology SINGAPORE is considering investing in proton therapy technology, a move that could see it being the first country in South-east Asia to offer such a facility to treat patients. Proton therapy is a radiation technology that employs the use of protons
      507 words
    • 362 3  -  Bv ROLAND LIM in Zurich REINSURANCE giant Swiss Re has appointed former deputy prime minister Tony Tan to the advisory panel of its centre for global dialogue, making him the first Asian on the panel. Swiss Re's centre for
      362 words
    • 693 3  -  Cancer treatment using protons reduces damage to healthy tissues B Y ROLAND LIM in Zurich SINGAPORE is considering investing in proton therapy technology, a move which could see it being the first country in South-east Asia to offer such a facility to treat
      693 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 760 4  -  HOCK LOCK SIEW By KALPANA RASHIWALA CAPITALAND'S recent tie-up with Indian retail giant Pantaloon to manage malls as well as to create and manage property funds to develop or own shopping centres in India has been welcomed by the market. It's seen as a continuation of
      760 words
    • 525 4  -  Norway, European Commission concerned over draft regulations By SIOW LI SEN TEMASEK Holdings and its subsidiary, Singapore Telecommunications (Sing Tel), may make representations to the Thai National Telecommunications Commission (NTC) following international protests over proposed rules by Thailand to restrict foreign shareholdings
      525 words
    • 773 5  -  AGM WATCH After raising their stakes, they're urging the company to do more to increase shareholder value WONG WEI KONG Senior Correspondent AS A LISTED company, Isetan Singapore does not usually make the headlines. But come annual general meeting (AGM) time, things
      773 words
    • 469 5  -  By LESLIE YEE DIVIDEND payments are close to shareholders' hearts so it was no surprise that questions relating to such payments cropped up at the annual general meetfng of OCBC Bank yesterday, attended by a record crowd of more than 500 people. Chief executive
      469 words
    • 569 6  -  It will invest S$500m in new S'pore plant, may create 1,000 jobs By OH BOON PING UNITED Test and Assembly Centre (Utac) is eyeing US$5OO million in annual sales within two to three years and will spend some Sssoo million on
      569 words
    • 433 6  -  By WONG WEI KONG DESPITE surging 170 per cent since the start of this year, shares of Celestial Nutrifoods are still drawing institutional interest, with a second fund manager becoming a substantial shareholder in recent months. Celestial, a soya beanbased food and beverage products manufacturer
      Source: Bloomberg  -  433 words
  • Page 4 Advertisements
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    • 201 4 TENDER NOTICE Xin Procurement Trading Pte Ltd (Singapore, Company Reg. No. *****1087G) invites suppliers/ tenders for supply of the followings:a) Dry Goods, Beverage, Pastries and Dairy Products b) Fresh Fruits Vegetables c) Meats Poultry Fresh and Frozen •d) Seafood Fresh, Live and Frozen ej Bonded Stores (Duty Free Liquor Cigarettes)
      201 words

  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • SINGAPORE MARKETS
    • 527 8  -  STOCKS Market slide attributed to possibility stock punters might have bought in anticipation of an election rally R SIVANITHY Senior Correspondent Treading water" or "buy in anticipation, sell on news"? Either stock market maxim could apply to yesterday's session the former applying to a
      Source: Bloomberg  -  527 words
    • 1033 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 20 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell 000 Shr$ C000) COOP) Ace Dynamic 20-Apr-06 Ong Nai Pew "Buy 200 0.20 5066 3.63 5286 3.77 Semb Kimtrans 20-Apr-06 Tan
      1,033 words
    • Article, Illustration
      911 8  -  Compiled by UMA SHANKARI Capita Land April 20 doMK SS&OS MACQUAJME RESEARCH. April 10 CAPITALAND has signed a joint venture with Pantaloon Retail India to set up a 50-50 retail management company and a venture fund managementcompany. Capita Land will also initially invest US$75 million for a 28.5
      Source: Bloomberg  -  911 words
    • 559 8  -  CURRENCIES LARRY WEE Senior Correspondent GOLD and oil prices continued to hog the limelight for yet another session, but a larger than expected rise in US consumer prices overnight did help the US dollar to regain a bit of composure in currency
      Source: Reuters  -  559 words
    • 494 9  -  ACCS TRIAL Plaintiff alleges unfair treatment by defendants after their firms' merger By CONRAD TAN A KEY piece of evidence went missing and several forceful exchanges took place on the fourth day of a civil trial in which a former employee of
      494 words
    • COMPANY BRIEFS
      • 70 9 MILLENNIUM Copthorne Hotels, 52 per cent-owned by City Developments Ltd, said profit fell for a second straight quarter after an insurance payout boosted earnings the year before. Net income for the three months to March 31 dropped to £5.6 million (Ssl6 million), or
        70 words
      • 67 9 ECO Water has entered into a joint venture with textile player United Texmac Pte Ltd. The two plan to jointly tender for projects for water, waste water and solid waste treatment. The paid-up capital of their joint venture company Ecotex Pte Ltd will be
        67 words
      • 70 9 TECHNICS Oil and Gas Group says its focus on profitability rather than market share has paid off. Revenue jumped 97 per cent to $26.8 million for the six months ended March 31, 2006. Net profit ballooned by a whopping 563 per cent to $4.2
        70 words
      • 42 9 COLOUR lens maker Oculus reported a net profit of $45,000 for the first quarter ended March 31, compared with a net loss of 161,000 a year earlier. Revenue rose 43.5 per cent to $3.42 million.
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    • 309 9  -  By ARTHUR SIM SERVICE residence company Ascott Group has registered a net profit of $43.8 million 18 times the $2.4 million of a year ago. The strong profit was due largely to the realisation of capital gains from the divestment of 12 properties to Ascott
      309 words
    • 441 9  -  By UMA SHANKARI SINGAPORE Food Industries (SFI) saw its net profit in the first quarter of 2006 fall by 22.9 per cent. The slide came despite a marginal rise in revenue as margins were lower from the company's Singapore operations, which in the
      Source: Bloomberg  -  441 words
    • 246 9 SUNTKC Reit's manager ARA Trust Management (Suntec) Ltd has issued $215 million of notes to help refinance two property acquisitions. Proceeds from the issue will be onlent to Suntec Reit via an unsecured loan programme to refinance part of the $320 million bridging loan
      246 words

  • Page 9 Advertisements
    • 290 9 J eel e b sale with discounts up to 40%. From now until 13 May 2006, get great bargains at our anniversary sale. For a complete sale list, please feel free to call or email us. C^jgO rTJTTIIM WINE CULTURE PTE LTD P ULI JS? 897 Bukit Timah Road S'pore
      290 words
    • 39 9 TTT' i r' THE ONES L i HUT FIT! u Recnrittte right f^ people through 1 CATS Recruit. f Ca« 1800 289 8822 J or email recruitssph£om.SQ v O to advertise. ni xj o 3 14 4"! VU r!
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  • SINGAPORE NEWS
    • 492 10  -  Matter dropped as donor funds would have to be used to pay fines: MOM By MICHELLE QUAH THE National Kidney Foundation (NKF) and its former management, including exCEO TT Durai, have been spared further criminal charges for now with the Attorney-General's Chambers (AGC)
      FILE PHOTO  -  492 words
    • 615 10  -  By KALPANA RASHIWALA ANNOUNCING its second major residential site acquisition in a month, SC Global Developments yesterday said it is buying Hjlltops Apartments at Cairnhill Circle for $294 million through a collective sale. This works out to about $951 per
      615 words
    • 6310 10 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8.54/ ACMGI Amer Income A EUR 6 891 ACMGI Amer income B EUR 689/ ASM Amro Asset Mgt (S pore) ACMGI Europ Income Opp AT SGD 15.02/ Star Euope Eqty' 0 94V ACMGI Eixop Income Opp BT SGO 15/ Star Euope Bond
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    • 417 11  -  Parties said to be eyeing up to 57 out of 84 contestable seats this time By DANIEL BUENAS THE government has laid its cards on the table, but it will be a few days still before opposition parties show their hand, as they gear
      417 words
    • 340 11  -  By LESLIE YEE WEALTH management giant ÜBS is busy looking for talent to seize opportunities in the rapidly growing wealth management market in the Asia Pacific. And to help it along, it has launched the inaugural Wealth Management Associate Programme in Singapore. "The industry is
      340 words
    • 308 11  -  By UMA SHANKARI VISA card-holders could soon get to use their cards to pay for bus and train fares as well. Visa Asia Pacific yesterday announced a tie-up that gives it the exclusive rights to embed ez-link functionality in all Visa credit, debit
      308 words
    • 165 11  -  By JURENA CHAN WEIGHING and measuring instruments can now be certified faster under an Authorised Verifier (AV) Scheme introduced by the Standards, Productivity and Innovation Board, Spring Singapore. Under the scheme, designated weighing and measuring instrument manufacturers and repairers can verify the accuracy
      165 words
    • SINGAPORE ROUNDUP
      • 72 11 THE Go-the-Extra-Mile for Service (GEMS) movement launched last October is bearing fruit. So far, the Workforce Development Agency (WDA) has trained about 5,000 frontline staff for the ***** Service Training programme, out of 22,000 who signed up. Thirteen rounds of train-the-trainer workshops to develop
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      • 62 11 TO BETTER understand the Indian economy and its key sectors, the Singapore Chinese Chamber of Commerce Industry and the Singapore Indian Chamber of Commerce Industry will be leading a joint business mission to India covering Chennai, Pune and Mumbai from May 14 to May
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      • 73 11 AFP [JAKARTA] Police on the eastern Indonesian island of Sumbawa have arrested a Singaporean suspected of being part of a terror group led by one of South-east Asia's most wanted militants, a report said yesterday. Abdul Rasyid, also known as Hamdan, was arrested in
        AFP  -  73 words
      • 31 11 THE National University of Singapore Business School will launch a strategic negotiations course in May. The five-day programme enables executives to hone their negotiation skills.
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 1719 11 I m :»at? NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT- SELL IT- FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCL LAND (BELMONT) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No: *****3645 M NOTICE IS HEREBY GIVEN pursuant to Section
      1,719 words
    • 560 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ONG TRADING PRIVATE LIMITED (Registration No. *****0250R) flm II ■mh VrJ. ,nlnnr I inniili Jinnl (in immivri voiuniury LKjUVoanonj NOTICE OF RESOLUTIONS [Pursuant to Sodion 290{2)(b)] An Extraordinary General Meeting of the Company hold at 79
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    • 554 11 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF VERTEX INVESTMENT (II) LTD (Company Registration No. *****1150H) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting ot the members of Vertex Investment (II) Ltd (the 'Company) duly convened and held at
      554 words

  • ECONOMY WATCH
    • 834 12 Current growth model seen as unsustainable due to over-investment Bloomberg [BElJlNG] China's government said a surge in investment that propelled firstquarter economic expansion of 10.2 per cent needs "attention", suggesting it will act to cool lending in the world's fastest-growing major economy.
      Bloomberg; AP  -  834 words
    • 2370 12 VOL General Corp 0.64 0.02 413 Apr 20 KM C000) Genting .25.50 0.25 415 George Kent .0.55 -0.01 103 ASM Realty 1.36 unch 3 GHL Systems 0.28 -0.01 ***** Abric .0.37 0 00 154 Globetronics Tech .0.33 0.01 724 ACP Industries 1.09 -0.01 362 GlomacBhd 1.32 0.03 38
      2,370 words
    • 743 12 ANALYSIS Reuters [TOKYO] Lost in the constant harping by US officials over what they call an unfairly cheap Chinese yuan is the persistent weakness of the Japanese yen that makes the latter almost as seriously undervalued. By just about any measure, the yen
      Reuters  -  743 words
    • 435 12 Citing inflation pressure, it says monetary policy may need to be tightened Bloomberg [KUALA LUMPURJ The International Monetary Fund cut its 2006 economic growth forecast for Malaysia to 5.5 per cent from 6 per cent, citing increasing inflationary pressure. "Generally robust growth in
      Bloomberg  -  435 words
    • 585 13  -  But Asean foreign ministers divided on how far to push for reforms By SHOEB KAGDA in Bali ASEAN Foreign Ministers meeting here yesterday urged the government of Myanmar to keep to the road map towards democracy and release opposition leader Aung San
      585 words
    • 208 13 Reuters [SINGAPORE] Indonesian coal producer PT Gunung Bayan Pratama Coal is trying to bring in a strategic partner and ramp up its output before a planned stock listing in Singapore, sources familiar with the matter said yesterday. Controlled by Dato' Low, an Indonesia-based
      Reuters  -  208 words
    • 558 13 [KUALA LUMPUR] Bursa Malaysia has obtained the commitment from 50 quasi market makers to play the role of market makers for the soon-to-be-launched single stock futures (SSF), and expects that number to swell to 100, says a report in the Starßiz. The
      558 words
    • 445 13 It also plans to sell first-ever Islamic bond in China AP [KUALA LUMPUR] Kuwait Finance House, one of the world's largest Islamic banking groups, is looking to acquire a bank in Indonesia to tap the world's most populous Muslim nation and also plans to sell
      AP  -  445 words

  • Page 13 Advertisements
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  • GREATER CHINA
    • 499 14 Draft codes could raise costs sharply, make it harder to fire staff Reuters [BEIJING] Alarm bells are ringing in foreign companies in China over a proposed labour law that could raise costs sharply, make dismissing employees more difficult and push
      Reuters; AP  -  499 words
    • 274 14 [HONG KONG] Yanlord Holdings, a Singaporebased mainland property developer, plans to raise about US$3OO million from an initial public offering in Hong Kong by the third quarter, The Standard quoted sources as saying. Yanlord has four residential developments in Shanghai and Nanjing. The
      274 words
    • BRIEFLY ASIA
      • 83 14 AFP [MUMBAI] India's benchmark 30-share Sensex index hit a record 12,000 points yesterday in a continued advance that has lifted the market more than 27 per cent this year, dealers said. In late afternoon trade, the benchmark 30-share Sensex index hit 12,004.30, up 108.32 points
        AFP  -  83 words
      • 80 14 Bloomberg [NEW DELHI] India attracted 42 per cent more investments from overseas into its factories and services last year as economic expansion of about 8 per cent enhanced the nation's appeal as an investment destination. Foreign direct investment rose to US$7.5 billion in
        Bloomberg  -  80 words
      • 112 14 Reuters [SHANGHAI] China's State Council, or cabinet, may scrap this year a system of quotas for companies issuing corporate bonds and limiting the debt's coupons, the official China Securities Journal said yesterday, citing sources. Corporate bond issues must currently be approved by the
        Reuters  -  112 words
    • 316 14 Reuters [HONG KONGI Bank of China, the mainland's second-largest lender, is scheduled to meet the Hong Kong stock exchange's listing committee for a "preliminary listing hearing" today taking a step closer to a May launch of its proposed HK554.6 billion (Ssll
      Reuters  -  316 words
  • Page 14 Advertisements

  • INDIA
    • 423 15 Foreign buyers account for 7.63b of the 9.51b shares ordered Bloomberg [NEW DELHI] Reliance Petroleum Ltd, a unit of India's biggest non-state company, received four times as much demand from overseas investors as from domestic buyers for its US$l.9 billion share sale on the penultimate
      Bloomberg; BLOOMBERG  -  423 words
    • 410 15 Reuters [SINGAPORE] In gold-crazy India, it's now not just the housewives who are buying the metal to add to their jewellery collections. Their husbands, with an eye for long-term investment, are also joining the queue. As gold surges to 25-year highs and outperforms many
      Reuters  -  410 words
    • 686 15  -  By SIDDHARTH SRIVASTAVA in New Delhi IN THE recent past, US President George W Bush has taken to invoking India and China in a different context. The theme of his utterances is not about his recent India visit or the hot
      686 words
  • Page 15 Advertisements

  • ASIA-PACIFIC/WORLD
    • 911 16 Opec ministers to hold informal talks but are expected to be powerless Reuters [LONDON] The world's energy consumers and producers will meet in Qatar tomorrow to explore ways of bringing down record oil prices that threaten consumer nations' economies and oil
      Reuters  -  911 words
    • 469 16 By OUR CORRESPONDENT in Bangkok CRITICS have dismissed the results of this week's polls for Thailand's Upper House of parliament as the election of "husband and wife", after allies of the ruling party in the Lower House won a majority of the 200
      469 words
    • 341 16 Reuters [SEOUL] Three UK-based banks, including Standard Chartered, are among the bidders for South Korea's top credit card company, LG Card Co, a newspaper reported yesterday, quoting unnamed financial sources. The other two are HSBC and Barclays. The three banks,
      Reuters; AFP  -  341 words
    • 433 16 LATEST US DATA AP [NEW YORK] A closely watched gauge of future economic activity dipped 0.1 per cent in March following a revised drop of 0.5 per cent the previous month, suggesting that the US economy could weaken later in the year. The Conference Board, a
      AP  -  433 words
    • 374 16 Reuters [BANGKOK] Bangkok Bank, Thailand's biggest bank by assets, posted a worse-than-expected 14 per cent drop in first-quarter net profit yesterday as a tax break expired and offset higher new loans and investment gains. The bank, 48 per centowned by foreign
      Reuters  -  374 words
    • 319 16 Reuters [MOSCOW] The 100 richest Russians have assets worth US$24B billion or more than a quarter of Russia's nominal gross domestic product, according to the Russian version of Forbes magazine which hit news-stands yesterday. Roman Abramovich, owner of English soccer club Chelsea, stayed at
      Reuters  -  319 words
  • Page 16 Advertisements

  • WORLD
    • 646 17 Prices soar as makers of such specialty tyres can't meet demand NYT [HOUSTON] The worldwide thirst for stuff from the ground as diverse as copper and coal, gold and oil has sparked a boom in just about every commodity market. But there
      NYT  -  646 words
    • 452 17 TECH RESULTS Analysts concerned about inventory problems clouding outlook NYT Reuters [SAN FRANCISCO] Intel, accustomed to riding high, is getting more practice in delivering bad news. The world's largest chip maker reported a 38 per cent decline in quarterly profits on
      NYT; Reuters  -  452 words
    • 297 17 NYT LAT-WP Compiled by BT [LOS ANGELES] The ascent of Apple Computer contin-> ued in the most recent quarter with the company reporting a sharp increase in sales and profit. In a conference call Wednesday, Apple offered a conservative outlook for the
      NYT; LAT-WP; Compiled by BT  -  297 words
    • 299 17 NYT AP [SAN FRANCISCO] The shadow of the search engine Google loomed over eßay on Wednesday as eßay reported first-quarter results, sending its share price down in after-hours trading. EBay, the online shopping company, matched Wall Street's expectations for revenue and profit, but did
      NYT; AP  -  299 words
    • 270 17 Reuters [SEOUL] South Korea's Hynix Semiconductor Inc posted an 8.6 per cent fall in quarterly profit yesterday, well below estimates, as tumbling prices of flash memory chips offset strong shipments. The outlook appears tough in the second quarter as prices of flash
      Reuters  -  270 words
    • 386 17 Reuters [NEW YORK] NYSE Group Inc, owner of the New York Stock Exchange, said on Wednesday that its quarterly profit rose nearly 17 per cent. It was its first earnings report since becoming a public company. Net income was US$3O.3 million, or 24
      Reuters  -  386 words
  • Page 17 Advertisements
    • 591 17 LEONG SAN TONG Notice is hereby given that the Annual General Meeting of LEONG SAN TONG will be held on Thursday, 4th May 2006 at the office of Messrs. C. N. Tiew Co., 62 Cecil Street #04-00 TPI Building, Singapore *****0, at 3.00 p.m. AGENDA 1) To confirm the Minutes
      591 words
    • 533 17 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF KENWA PLASTICS INDUSTRIES PTE. LTD. Reg. No. *****1558K (Provisional Liquidators Appointed) (incorporated in the Republic of Singapore) Statutory Declaration by Director of Company's Inability to continue bualnoaa by reason of Its liabilities KENWA PLASTICS INDUSTRIES
      533 words

  • AVIATION
    • 880 18 Travellers may also contract measles and even TB from other passengers during flights, says CDC LAT-WP [WASHINGTON] IT WAS the kind of news that many frequent fliers had long suspected. At a news conference last week, officials from the
      LAT-WP; AFP  -  880 words
    • LOG BOOK
      • 81 18 Reuters [NEW YORK] Continental Airlines Inc yesterday posted a narrower quarterly loss as labour cost cuts and higher revenues offset soaring fuel prices. The No 4 US carrier said its net loss narrowed to US$66 million, or 76 US cents a share, from US$lB6 million, or
        Reuters  -  81 words
      • 41 18 Bloomberg [DALLAS] Southwest Airlines Co said first-quarter earnings rose 3.4 per cent as travel demand and ticket prices increased. Net income rose to US$6l million from US$59 million, a year earlier, the airline said yesterday. Bloomberg
        Bloomberg  -  41 words
      • 62 18 Bloomberg [LONDON] British Airways pic (BA) said it's cutting fares within Europe as the company seeks to return its regional network to profit. BA will cut ticket prices to as low as £29 (5582.5) and loosen booking restrictions so that passengers can change their
        Bloomberg  -  62 words
      • 65 18 Bloomberg [TOKYO] Japan's transport ministry said it has ordered Skymark Airlines Co to improve its safety after the country's biggest low-fare carrier said it lost the maintenance logs of its six Boeing Co aircraft. Skymark must file a plan by April 24 to enhance
        Bloomberg  -  65 words
    • 337 18 Delivery could be in stages from early 2009 to 2010 AFP [HONG KONG] Chinese aviation giant Air China said yesterday it will buy 15 Boeing 737 aircraft for US$9B3 million to expand its fleet capacity. The deal, part of
      AFP; REUTERS  -  337 words
    • 214 18 NYT [CHICAGO] American Airlines said on Wednesday that it planned to mothball 27 planes by July 1, intensifying a capacity squeeze that is expected to make this summer's flying the most crowded ever. Fuller planes, of course, while aggravating for passengers, are good news
      NYT  -  214 words
    • 463 18  -  By VEN SREENIVASAN [SINGAPORE] British power and propulsion systems giant Rolls-Royce sees Asia as its fastest-growing market and is capitalising on the region's immense business prospects by expanding its physical presence across the continent. In its 2005 Annual Report, the London-listed multinational said new
      463 words
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  • SHIPPING
    • 574 19  -  Enhanced multilateral cooperation seen in next few months By DONALD URQUHART [SINGAPORE] The region's collective fight against maritime piracy and armed robbery took another step forward yesterday with the appointment of ST Electronics to develop the $1 million information network which will
      AFP  -  574 words
    • 403 19 Move prompted by robust demand at home and abroad Reuters [HANOI] Vietnam's largest shipbuilder, Vinashin, plans to make more oil tankers to meet robust demand at home and abroad, a senior company official said on Wednesday. "We are seeing huge need for
      Reuters  -  403 words
    • 235 19 Reuters [SINGAPORE] BW Group, a leading global maritime group, is expected to list unit BW Offshore on the Oslo stock exchange next month to raise about US$3OO million, according to a company source. The listing is part of the group's ambitions to
      Reuters  -  235 words
    • 405 19 Bloomberg [LONDON] The cost of shipping crude oil from the Middle East to refineries worldwide on two million-barrel tankers may stay near a 10month low, while record high oil prices limit shipowners' earnings. "Rates have been inching higher but
      Bloomberg  -  405 words
    • 289 19 SGX *000 Apr 20 St Vol CH Offshore .0.41 -0.01 423 ChuanHup 0.35 0.01 3066 Cosco Corporation 1.41 -0.02 ***** CWT Distribution 1.33 0.05 395 Ezra Hldgs -282 -0 03 339 Freight Links 0.09 0.01 ***** Grand Banks Yacht 0.88 unch 0 Java Holdings 1.33 0.02 772 K1
      289 words
    • 732 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR Merely providing the crew and being their employer is not, of itself, sufficient to make the employer an "operator" of a vessel, a Federal Court in Sydney ruled last month. The case concerned the meaning
      732 words
    • 327 19  -  By AL LABITA in Manila THE Philippines' stateowned Subic BayFreeport is acquiring four new pieces of cargo-handling equipment from Japan as part of its US$2l5 million ongoing port development project. Two goose neck-type quay gantry cranes, each capable of lifting 40.6 tonnes,
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  • Page 19 Advertisements
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      32 words

  • EDITORIAL & OPINION
    • 549 20 EDITORIAL CHINESE President Hu Jintao's Washington visit this week has been preceded by several initiatives on both sides aimed at smoothing the way for a meaningful meeting with US President George W Bush. But don't expect any dramatic outcome on the currency front.
      549 words
    • 922 20  -  Economists are looking at neuron activity to study how emotions influence choices By TYLER COWEN NYT LAS Vegas uses flashing lights and ringing bells to create an illusion of reward and to encourage risk-taking. Insurance company offices present a more sombre mood
      NYT; BLOOMBERG  -  922 words
    • 797 20  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent WORLD trade negotiators striving to clinch an end-year deal on tearing down global trade barriers face an array of obstacles, including high European agricultural tariffs, American farm subsidies, and developing countries' refusal to slash duties
      797 words
    • 842 21  -  Global cooperation is vital if its gameplan to tackle global imbalances can succeed By RODRIGO DE RATO IHT We live in a time of strong global growth, low inflation and buoyant financial markets. But many observers have been increasingly preoccupied of
      IHT; REUTERS  -  842 words
    • 1160 21  -  By JAMES FLANIGAN NYT With a brash confidence that recalls the early days of Silicon Valley, entrepreneurial companies in San Diego are pushing the technological frontiers of cellular telephones around the world. Communications industries everywhere are challenged to meet demands from hundreds of millions of
      NYT; AP  -  1,160 words


  • 11495 22 SGX MAINBOARD Transaction date: Apr 20 52-Wk T«t Last Vol Day List Quote GrOiv Mr GrVM Nat MCap High low Coda Company Sata COOP) High low »uyar Sa»«f S Cvr HI $mll 5 1 5716 1st Software 5c 3 -0.5 3090 3 3 2.5 3 12.1 17.5 6
    11,495 words

  • 6159 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS <ly %yr dy *yr %dy *yr Apr 19 Index Change Change Change Change Change Change World Index Preliminary 1034.6 0 4 6.7 0.5 4.2 0.6 8.3 EAFE Preliminary 1057.0 0.9 8.6 1.1 7.7 U 12.0 Europe
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  • Page 24 Advertisements
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  • Page 25 Advertisements
    • 1958 25 WAN HAIMTERNATIONAL PTE LID CR Nft **********0/R %rrrA 1******588 (14 LINES) FAX:*****163 \\\M\IAIAM lIAI I INFS CwtowrSwvte/lookhgfHfKt-(1800)*****200 11 v flWl I inl UllLl# Mll:mSMHinNa:m»a3Bini«L|o4)2MStMM)bMßMWt JOHTH: 107) *****23 FAX: (07)*****21 SUiIH; (031)*****75 FA* (0J1) 32*2714/J2»1J05 www wanhai cm *T 1021) S2S4I* «Ufc «1) *****» fl« 714M0/714W HUfc *****9 wi i iw
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    • 2077 25 Vtssa VOT SIN JKT KIP PUS VBStt VOY SJN JKT SU» HKG USW PUS HANJIN POHAWG 0303t 21/4 30/4 4/5 10/S KMTC SINGAPOKE 605S 23/4 26/4 27/4 2/5 t/5 7/5 HAHJIH SEOUL 0302E 5/5 7/5 13/5 17/5 KMTC KEELUHG 605S 30/4 3/5 4/5 f/5 13/5 14/5 Ytssa VOY SIN USA
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  • Page 26 Advertisements
    • 921 26 SNordana (Asia) Pte Ltd £2Z? 70 Shutow Woy, #21-03 Marina Hwwt Shapiro 07f 111 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ABE ARRIVAL DATES IVjESSIL VOT Shoaporo Morta PerlHedhad I Fw—rtfa Cocas librf Orfafw Iriaad PorirOodaM blond Express 1E603 X ffiLAft MM IAM 2LM 21M
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    • 687 26 IRa Sfa— -Sfea ffi la SB— HH —S« BSb— Wu IEBUE^^ pMMß^ppKpniH ftp 1181 fcBBHEE lam g i M i m i f!Li VESSEL VOY SM POtT KUNG OffTTAGONG JdMrta W in lagUk (PAT) Jakorto PAC MAKASSM >S4)) 23/04 W "24/04 ***** 2T7OT 3Q/04 OVOS~ Mf fh|ipiH (PAT) L— Cbdb-i
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    • 376 26 BSfl x o MYANMA MM FIVE STAR UNE (MyaiMT Notional Um) Loading for Yangon vissa vor sin pkl pi* pgu OMSHWIHAW 90W SU> PAGAN 349W SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****3 M PEN: 04-*****15 ACCEPTING COMVENTIOIIAL C6O VtSSa VOY HKG SIN PKL OGAMA QUEEN 147 SU> SID SU>
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6464 27 This ETA ETA Advcrtscr Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone S■ Desfn Name Name Number Number SIN Desfn Name Name Number Number MMNMnMMHHMnHNNMMBMMHHMMHHMMNHHnHMMHNMI ■MMMMNMMNMMMMMHNSMMMHMHNNNNMHnMNMMBNMMMMMH 05/05 21/05 ECl KENG TUNG 37 *****555 To ABIDJAN (ABJ) 2003 Cote D'lvoire 07/05 16/05 pacc Com
      6,464 words

  • executive lifestyle
    • Article, Illustration
      1399 28  -  Singaporean exponents in martial arts are being sought after as instructors and making their mark in the region. More working adults are also taking up this sport. CHEAH UI-HOON looks at the growing interest hero. CHEAH UI-HOON EVERY Tuesday evening, lawyer Avery Chong, 36, does gongfu. Make that
      ARTHUR LEE  -  1,399 words
  • Page 28 Advertisements

  • CINEMA
    • 642 29  -  Presented as part of the SIFF, it includes some award-winning films, reports PARVATHI NAYAR PARVATHI NAYAR FOR film buffs, there's an international smorgasbord of celluloid choices available, with the annual Singapore International Film Festival (SIFF) underway. A special focus within the festival is the first-time collaboration between
      642 words
    • 421 29  -  By PARVATHI NAYAR J*'WHO do you think deserves to live £nore a happy man or a lost *ghost?" asks a character in Thai director Pen-ek Ratanaruang's newest •film, Invisible Waves, a quirky exploration of crime and punishment. Kyoji (Tadanobu Asano) is a cynical, selfish
      421 words
    • 513 29  -  By JAIME EE WHEN it comes to office romances, Pete Garrison (Michael Douglas) is at the top of his game not only is he banging his boss' wife, his boss just happens to be the president of the US. An element of sleaze that suggests this seasoned secret
      513 words
    • 274 29  -  DVD By JAIME EE RALPH Fiennes is quietly rivetting in this crackling thriller about an English diplomat in Africa who's caught between his own desire for an obscure life and hunting down his activ-ist-wife's murderers. City of God director Fernando Meirelles tempers the shocking, frenetic style of
      274 words
    • 551 29  -  By PARVATHI NAYAR WHEN the' Lords of Fantasy multimedia artist Dave McKean, novelist Neil Gaiman (The Sandman) and the Jim Henson laboratory collaborate on a cinematic venture, you expect the unique. Mirror Mask doesn't disappoint: it is a visual feast where animation, illustration, puppetry
      551 words
  • Page 29 Advertisements
    • 117 29 VE EVENT HIGHLIGHTS ASIA SCUBA TOUR FREE DIVE TRY-OUTS ADEX SEA J? V i° STAR CELEBRATE THE SEA DIVE TRAVEL HUB ADEX OCEAN ODYSSEY SCUBA DIVING CHALLENGE HOSTED BY POWER 98FM AM ME OPO IS ORGMMSED BY MTTEC WTKMTH) MOM 4. Jt mm JBk ADEX D#LLAR DEALS ADEX Dollar D«als
      117 words

  • EUROPE SPOTLIGHT
    • Article, Illustration
      1120 30  -  Europe is where you'll find some of the most diverse cultures, cuisine and lifestyles housed in the same continent. In this special six-part series, we look at what's hip and happening in some of its most fascinating cities. This week, GEOFFREY EU explores Madrid GEOFFREY EU LESS than
      1,120 words
  • Page 30 Advertisements
    • 115 30 Rome HH^BI skytrax u ttruficti rt iHi, QATAR AIRWAYS DOHA2QO6 OmCIAIAJRUNE FLY TO EUROPE FROM AS LOW AS $899 Sale is valid from 13 Apr-31 Jul 2006. Travel is valid from 13 Apr-31 Aug 2006. The above stated economy class fare requires at least 2 to travel together. Fares exclude
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  • Page 30 Miscellaneous
    • 240 30 CRYPTIC CROSSWORD 7 It doesn't matter if verb is intransi--9 Vent-hole in French museum (6) Tarryrope(4) 11 Orders issued with unusual discre12 Go wild when allowed to pilot ■■V MM IBM 14 Lose one's footing fetching jump- |1^ 15 Positively rude about Spain's BH elusion (6) 17 Offer to put
      240 words

  • PROFILES/ARTS
    • 823 31  -  Indian film actress Sharmila Tagore talks to PARVATHI NAYAR about her luminous career, happy marriage and current concerns PARVATHI NAYAR IN the Indian subcontinent's celebrity stakes, it doesn't get more blue chip than a combination of film, cricket and royalty. Legendary Indian film actress Sharmila Tagore ticks all
      823 words
    • 712 31  -  By GEOFFREY EU WHEN the cable television news company CNN first launched its 24-hour news service in the US in 1980, it was pooh-poohed by analysts and dismissed by some of its more "serious" competitors as being a flash in the pan, soon to
      YEN MENG JIIN  -  712 words
    • 342 31  -  By PARVATHI NAYAR EVEN if it's your first time, you watch West Side Story with a sense of deja vu. For the famous 1957 musical by Leonard Bernstein, Arthur Laurents and Stephen Sondheim is based on another familiar tale: the tragic Borneo and Juliet.
      342 words
  • Page 31 Advertisements
    • 43 31 I mmflfflH Furnish yourllfMp flf I I -J. <■? j■' r 1 iS»!i i V- f Bb !m m ii m —ii U 9 1 V $8 4^ We're launching our latest Collection this weekerwj. j 83 lsim Yam Road 6735-3307 Open daily 11-6PM
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    • 171 31 —BHIB—BPMM v Whilst relishing the legendary hospitality and gastronomic pleasures of Raffles Hotel this Secretaries' Week from 24 to 28 April 2006, one very special secretary will have the opportunity to fly to Switzerland on Lufthansa German Airlines with a friend, reside at the prestigious Raffles Le Montreux Palace, Switzerland
      171 words

  • FRENCH FLAIR
    • 1150 32  -  N K YONG looks at the hallmarks of Domaine Michel Gros which were experienced at the World Gourmet Summit recently N K YONG BURGUNDY'S system of classification is simple. There are first the communes centred around its wine villages, hence GevreyChambertin, Morey-Saint-Denis, Vosne-Romanee, etc. The
      1,150 words
  • Page 32 Advertisements
    • 172 32 .J rmv^m 1,,,,, KjAsK^m ..The Megane Coupe-Cabriolet With the world's first fully automated glass roof. r an elegant coupe and a genuine cabriolet.- flanks' I a 9* ass ro that automatically opens and closes on your flßffik i command. An inspiringly French driving experience that's "VT utterly perfectly fflMfjmk °V
      172 words
    • 25 32 A Renault, the AK 90CV, driven by a Hungarian, Ferenc Szisz, won the first eyer motor racing Grand Prix at le Mans (France) in 1906
      25 words