The Business Times, 21 April 2006
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2006-04-21
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The Business Times
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Title Section17 2006-04-21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Friday April 21,200617 words
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Article836 2006-04-21 1 CHUANG PECK MING, DANIEL BUENAS - 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 was836 words
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Article137 2006-04-21 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 295.28137 words
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Article, Illustration1345 2006-04-21 1 TEH HOOI LING - 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 stillSource: Bloomberg - 1,345 words
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Advertisement39 2006-04-21 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 6388-3838.39 words
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Advertisement19 2006-04-21 1 ii kfi J IM ivi I vi Ji' 1V ll II Mill FIGHTING FIT EXECUTIVE LIFESTYLE PG 28 819 words
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Advertisement43 2006-04-21 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 H43 words
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TOP STORIES
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645 2006-04-21 2 RONNIE LIM - 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 energy645 words
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Article35 2006-04-21 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.35 words
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Article507 2006-04-21 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 protons507 words
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Article, Illustration362 2006-04-21 3 ROLAND LIM - 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 for362 words
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693 2006-04-21 3 ROLAND LIM - 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 treat693 words
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Advertisement41 2006-04-21 2 i"mi. i mii iifpiiiww «nr .i Terms oonditions apply K l, H||jSpM i IflKfT -^SSI||^^^BpHp*-' ■f'J^shi BIJB Ixj WingTaiAsia I f* T'rog Inviting tenders? Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. notices41 words
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Advertisement14 2006-04-21 2 people Give yourself r r a break. Call us. wv. corr Asia-Pacific Executive Search14 words
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Advertisement89 2006-04-21 3 More than 250 years of uninterrupted history m f l&fl f A Jj jl malte dual time w Selfwinding mechanical movement. Jr indicator. Day-night Date calendar powerreserve dial. White or I *****/000R-9101 VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin Boutiques Singapore: Ngee Ann City Malaysia: Kuala Lumpur Plaza89 words
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COMPANY NEWS
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760 2006-04-21 4 KALPANA RASHIWALA - 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 of760 words
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525 2006-04-21 4 SIOW LI SEN - 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 shareholdings525 words
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Article, Illustration773 2006-04-21 5 WONG WEI KONG - 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, things773 words
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469 2006-04-21 5 LESLIE YEE - 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 executive469 words
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Article, Illustration569 2006-04-21 6 OH BOON PING - 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$5OO million in annual sales within two to three years and will spend some Sssoo million on569 words
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Article, Illustration433 2006-04-21 6 WONG WEI KONG - By WONG WEI KONG DESPITE surging 170 per cent since the start of this year, shares of Celestial Nutrifoods are still drawing institutional interest, with a second fund manager becoming a substantial shareholder in recent months. Celestial, a soya beanbased food and beverage products manufacturerSource: Bloomberg - 433 words
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Advertisement78 2006-04-21 4 Get Results With Oracle Applications J: "30% increase in plant capacity" 1 (IR) Ingersollfland 'J i f m *$t f '7 .;J "$lO4 million in savings" 1 y i f I philips LG.PHIUPS LCD fe, 1 Vi. t The Best Companies Run Oracle oracle.com/best or call 1.800.672.2531 Copyright 2005, Oracle.78 words
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Advertisement201 2006-04-21 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
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Advertisement185 2006-04-21 6 Diners Club Card To apply, caff 6416 0980 I A World of Exclusive Privileges Treats Diners Club u>wuxJiners.com.sg Internationalm 3 4BS. ~~"«rtpi. l" Jfl IllllVl WhHHHH W mm m HPI939H I Tut CocoaT«tn I ouo>s Junction *01-54 I HarDourFront Centre LI I Paragon *81-K4 I SV Parkway Parade *B-83E I185 words
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Advertisement181 2006-04-21 6 WIN $888 THIS SECRETARIES' WftK* A m BY ENJOYING LUNCH AT ONE OF OUR PARTICIPATING RESTAURANTS: Top of the "M' Revolving Restaurant Pine Court Chinese Restaurant Triple 3,The Buffet Restaurant Mezebar Asian Tapas Bar Chatterbox Home of the Mandarin Chicken Rice For enquiries: 6831 6286 Terms Conditions apply MERITUS MANDAJUN181 words
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Advertisement262 2006-04-21 7 i V- .J*.. 1. >V p T\j t "c "D A Bk 4 ''^fl^H jL N|lH II Bp i^yl DtSe-cA/e-r The. Toy Of LtMiry Xn Wte-rgL ce^ -V t -il^ >.;.. ,^,v..'./-.• '...«<•:•.. Qbedokmrt I QTANAH MKRAH MRT giXPOMRT 11 T L 1 I I I Brto»|outh 51 faagM s262 words
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SINGAPORE MARKETS
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Article, Illustration527 2006-04-21 8 R SIVANITHY - STOCKS Market slide attributed to possibility stock punters might have bought in anticipation of an election rally R SIVANITHY Senior Correspondent Treading water" or "buy in anticipation, sell on news"? Either stock market maxim could apply to yesterday's session the former applying to aSource: Bloomberg - 527 words
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Article, Illustration1033 2006-04-21 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 20 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell 000 Shr$ 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 Tan1,033 words
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Article, Illustration911 2006-04-21 8 UMA SHANKARI - 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 28.5Source: Bloomberg - 911 words
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Article, Illustration559 2006-04-21 8 LARRY WEE - 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 currencySource: Reuters - 559 words
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494 2006-04-21 9 CONRAD TAN - 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 of494 words
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COMPANY BRIEFS
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70 2006-04-21 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), or70 words
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67 2006-04-21 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 be67 words
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70 2006-04-21 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 $4.270 words
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42 2006-04-21 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.42 words
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Article309 2006-04-21 9 ARTHUR SIM - 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 Ascott309 words
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Article, Illustration441 2006-04-21 9 UMA SHANKARI - 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 theSource: Bloomberg - 441 words
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246 2006-04-21 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 loan246 words
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Advertisement290 2006-04-21 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'pore290 words
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Advertisement39 2006-04-21 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!39 words
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SINGAPORE NEWS
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Article, Illustration492 2006-04-21 10 MICHELLE QUAH - 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
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Article, Illustration615 2006-04-21 10 KALPANA RASHIWALA - 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 per615 words
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Article6310 2006-04-21 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 Bond6,310 words
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417 2006-04-21 11 DANIEL BUENAS - 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 gear417 words
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Article, Illustration340 2006-04-21 11 LESLIE YEE - 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 is340 words
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308 2006-04-21 11 UMA SHANKARI - 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, debit308 words
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165 2006-04-21 11 JURENA CHAN - 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 accuracy165 words
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SINGAPORE ROUNDUP
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72 2006-04-21 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 develop72 words
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62 2006-04-21 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 May62 words
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73 2006-04-21 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 inAFP - 73 words
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31 2006-04-21 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.31 words
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Advertisement34 2006-04-21 10 I DIT Europazins Best Bond Europe Fund over 5yrs category Allianz (fij) p. rated AA by Standard Poor's. ciobai investors 1,, Source: The Edge-Lippei SiiKjapfif* 1 unci Awauls 7005 companyregn.no *****7169Z ~**m Me. ***0?34 words
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Advertisement1719 2006-04-21 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 Section1,719 words
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Advertisement560 2006-04-21 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 79560 words
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Advertisement554 2006-04-21 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 at554 words
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ECONOMY WATCH
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Article, Illustration834 2006-04-21 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
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Article2370 2006-04-21 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 0.03 382,370 words
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743 2006-04-21 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 yenReuters - 743 words
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435 2006-04-21 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 inBloomberg - 435 words
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Article, Illustration585 2006-04-21 13 SHOEB KAGDA - 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 San585 words
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208 2006-04-21 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-basedReuters - 208 words
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558 2006-04-21 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. The558 words
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445 2006-04-21 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 sellAP - 445 words
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Page 13 Advertisements
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Advertisement115 2006-04-21 13 1 life, live it. Ml M 1 Multi-SIM. n H|HEf m Ijjeanr 1H H n Swtx-Ki— og MM 9V I Bk§|«3L| -mlr** mmm**--- M |aß iiiiaiaßaiiiiMfln s^^^^HHßStl !.S1 7 HI i i rsTv 3 phones. With M 1 Multi-SIM you can now own up to 3 SIM cards for 1115 words
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GREATER CHINA
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Article, Illustration499 2006-04-21 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 pushReuters; AP - 499 words
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274 2006-04-21 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. The274 words
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BRIEFLY ASIA
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Article83 2006-04-21 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 pointsAFP - 83 words
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Article80 2006-04-21 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$7.5 billion inBloomberg - 80 words
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112 2006-04-21 14 Reuters [SHANGHAI] China's State Council, or cabinet, may scrap this year a system of quotas for companies issuing corporate bonds and limiting the debt's coupons, the official China Securities Journal said yesterday, citing sources. Corporate bond issues must currently be approved by theReuters - 112 words
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316 2006-04-21 14 Reuters [HONG KONGI Bank of China, the mainland's second-largest lender, is scheduled to meet the Hong Kong stock exchange's listing committee for a "preliminary listing hearing" today taking a step closer to a May launch of its proposed HK554.6 billion (SsllReuters - 316 words
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Advertisement23 2006-04-21 14 I THE STRAITS TIMES I flPHfl fM J 1 K\ fl V I Pftwi# Nun -|B m Ua«L|A RAW If? I "ffH ,^,/j23 words
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INDIA
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Article, Illustration423 2006-04-21 15 Foreign buyers account for 7.63b of the 9.51b shares ordered Bloomberg [NEW DELHI] Reliance Petroleum Ltd, a unit of India's biggest non-state company, received four times as much demand from overseas investors as from domestic buyers for its US$l.9 billion share sale on the penultimateBloomberg; BLOOMBERG - 423 words
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410 2006-04-21 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 manyReuters - 410 words
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Article, Illustration686 2006-04-21 15 SIDDHARTH SRIVASTAVA - 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 hot686 words
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Advertisement30 2006-04-21 15 *4-migiiaa 4F k ft 11 k J K k k I Mm *S®i ?vsw&l|JNflß -:W' M l'> r rlf if& Sift -.f^;-. JfaflfcwßH ft|P- 4 fi if# f I. $&**>%. a-30 words
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ASIA-PACIFIC/WORLD
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Article, Illustration911 2006-04-21 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 oilReuters - 911 words
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469 2006-04-21 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 200469 words
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Article, Illustration341 2006-04-21 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
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Article433 2006-04-21 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, aAP - 433 words
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374 2006-04-21 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 foreignReuters - 374 words
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319 2006-04-21 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 atReuters - 319 words
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Advertisement14 2006-04-21 16 m Lianhe Zaobao I Comat I I Industrial I I pay good I Idividen^y14 words
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WORLD
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646 2006-04-21 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 thereNYT - 646 words
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452 2006-04-21 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 onNYT; Reuters - 452 words
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Article, Illustration297 2006-04-21 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 theNYT; LAT-WP; Compiled by BT - 297 words
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299 2006-04-21 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 didNYT; AP - 299 words
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270 2006-04-21 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 flashReuters - 270 words
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386 2006-04-21 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 24Reuters - 386 words
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Advertisement591 2006-04-21 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 Minutes591 words
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Advertisement533 2006-04-21 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 INDUSTRIES533 words
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AVIATION
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Article, Illustration880 2006-04-21 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 theLAT-WP; AFP - 880 words
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LOG BOOK
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Article81 2006-04-21 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, orReuters - 81 words
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Article41 2006-04-21 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. BloombergBloomberg - 41 words
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Article62 2006-04-21 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 theirBloomberg - 62 words
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65 2006-04-21 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 enhanceBloomberg - 65 words
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Article, Illustration337 2006-04-21 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 ofAFP; REUTERS - 337 words
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Article214 2006-04-21 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 newsNYT - 214 words
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463 2006-04-21 18 VEN SREENIVASAN - 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 new463 words
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Article2204 2006-04-21 18 CITY M6NT ETA FLIGHT CTB KJ59 0805 AM81 162S AWO 152P SQ408 1855 SQ45? 11?? O-p—Mi ***** ijS SQ142 0935 «MM LH9771 1750 LH9770 2345 J** 41 SO230 1750 ***** 2345 GA840 1640 ***** 1640 A07S29 1805 GA841 1755 loiolf A/wi-s VT542 2205 ***** 19 9°2,204 words
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SHIPPING
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Article, Illustration574 2006-04-21 19 DONALD URQUHART - 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 willAFP - 574 words
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403 2006-04-21 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 forReuters - 403 words
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235 2006-04-21 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 toReuters - 235 words
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405 2006-04-21 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 butBloomberg - 405 words
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Article289 2006-04-21 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 K1289 words
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732 2006-04-21 19 SELVA KUMAR - 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 meaning732 words
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327 2006-04-21 19 AL LABITA - 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,327 words
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Page 19 Advertisements
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Advertisement32 2006-04-21 19 GEMINI MARINE PTE LTD AUTHORISED FttRTS AND SERVICE DEALER DIESEL EN6INES REPAIR CENTRE 10 ADMIRALTY STREET, NORTH LINK BUILDING #01-83. S *****5 TEL:+6S-*****419 FAX: +65-*****429 24/7 SERVICE HOTLINE: +65-*****233 info@performance-boating.com www.performance-boating.com i32 words
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EDITORIAL & OPINION
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549 2006-04-21 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
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Article, Illustration922 2006-04-21 20 TYLER COWEN - 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 moodNYT; BLOOMBERG - 922 words
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Article, Illustration797 2006-04-21 20 SHADA ISLAM - 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 duties797 words
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Article, Illustration842 2006-04-21 21 RODRIGO DE RATO - 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 ofIHT; REUTERS - 842 words
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Article, Illustration1160 2006-04-21 21 JAMES FLANIGAN - 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 ofNYT; AP - 1,160 words
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Article11495 2006-04-21 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 17.5 611,495 words
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Article6159 2006-04-21 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 Europe6,159 words
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Page 24 Advertisements
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Advertisement1261 2006-04-21 24 NYK GROUP SOUTH ASIA PTE LTD \r- 'a vnw v thj*****123 \l aXV JL Aline t&gdf m 31m LINE Fax: 6292 2856(Regionalsales)/*****109(0P5y6299 5785 (Documentation) r NIPPON YUSEN KAISHA MsJEfc*' TOKYO SO»AXU KASHA. (JO (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NASSAU PARADISE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI VCB/VCW/lAX/MZL1,261 words
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Advertisement759 2006-04-21 24 |>TOA«u«oto u*na vcsa/vot rampmi) mbcwip) m km io S jp STIAITS VENTURE 04/04 IS 17 04/04 M/ 04 10/04 73/04 75/04 STUmvOTUtE 07/04 IS 17 77/04 30/04 04/05 07/05 Of/OS snmrs vemwE ot/ot is 17 n/os is/os u/os 21/05 73/05 I AUSTRALIAN ROftO SB*vicl I vtssa/vor [ramped I ibgnhnh 10759 words
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Page 25 Advertisements
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Advertisement1958 2006-04-21 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 iw1,958 words
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Advertisement2077 2006-04-21 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 USA2,077 words
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Page 26 Advertisements
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Advertisement921 2006-04-21 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 21M921 words
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Advertisement687 2006-04-21 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-i687 words
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Advertisement376 2006-04-21 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>376 words
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THE BUSINESS TIMES SHIPPING TIMES
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6464 2006-04-21 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 Com6,464 words
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executive lifestyle
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Article, Illustration1399 2006-04-21 28 CHEAH UI-HOON - 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 thatARTHUR LEE - 1,399 words
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Page 28 Advertisements
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Advertisement23 2006-04-21 28 FRENCH FLAIR Bn lasßs Th e unadorned taste Bomcoc-M. of Burgundy M Mllt Bv" n jss£v::s» PG32 o—Hi. i, Mi+J a— s jf»23 words
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CINEMA
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Article, Illustration642 2006-04-21 29 PARVATHI NAYAR - 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 between642 words
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Article, Illustration421 2006-04-21 29 PARVATHI NAYAR - 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, selfish421 words
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Article, Illustration513 2006-04-21 29 JAIME EE - 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 secret513 words
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Article, Illustration274 2006-04-21 29 JAIME EE - 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 of274 words
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Article, Illustration551 2006-04-21 29 PARVATHI NAYAR - 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, puppetry551 words
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Page 29 Advertisements
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Advertisement117 2006-04-21 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«als117 words
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EUROPE SPOTLIGHT
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Article, Illustration1120 2006-04-21 30 GEOFFREY EU - 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 than1,120 words
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Page 30 Advertisements
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Advertisement115 2006-04-21 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 exclude115 words
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Page 30 Miscellaneous
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Miscellaneous240 2006-04-21 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 put240 words
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PROFILES/ARTS
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Article, Illustration823 2006-04-21 31 PARVATHI NAYAR - 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 all823 words
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Article, Illustration712 2006-04-21 31 GEOFFREY EU - 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 toYEN MENG JIIN - 712 words
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342 2006-04-21 31 PARVATHI NAYAR - 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
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Page 31 Advertisements
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Advertisement43 2006-04-21 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 11-6PM43 words
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Advertisement171 2006-04-21 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, Switzerland171 words
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FRENCH FLAIR
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Article, Illustration1150 2006-04-21 32 N K YONG - 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. The1,150 words
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Page 32 Advertisements
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Advertisement172 2006-04-21 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 °V172 words
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Advertisement25 2006-04-21 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 190625 words
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