The Business Times, 24 April 2006

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Microfilm: NL26654
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES Monday April 24,2006 online at http://busmess-times.asia 1 .com.sg MICA (P) 099/03/2006 SINGAPOREtTcerrte
    15 words
  • Article, Illustration
    Lock icon Top names in med research head for S'pore
    848 1  -  'Second wave' of scientists will help in Republic's drive to become translational research hub By CHEN HUIFEN [SINGAPORE! Singapore is attracting a second wave of top-notch scientists from overseas who are coming here to help move the biomedical sciences research drive forward.
    848 words
  • Article
    Lock icon 5 S'pore SMEs join forces to break into European market
    701 1  -  All in components, they've appointed agent in Italy By NANDE KHIN ISINGAPORF] Heeding the government's call for Singapore companies to band together to bid for projects, five small and mediumsized enterprises (SMEs) have banded together to successfully break into the
    701 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 MARKETS U|aaL WMK v_n^f sn 2603.45 +59.07 KLSE COMP 948.19 +9 87 NIKKEI 225 *****.96 ....♦170.14 HANG SENG *****.15....+482.70 SET INDEX 773.06 +17.63 JAKARTA COMP ...1459.29 +77.17 MANILA COMP ....2262.97 +39.00 TAIPEI TAIEX 7093.05 ...+140.51 SEOUL COMP 1451.31 +18.59 SHENZHEN B 290.54 +6.82 AUSTALLORD 5199.10 +66.80 DOW JONES
    143 words
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  • TOP STORIES
    • Article
      Lock icon IMF to table voting reforms by Sept meeting in S'pore
      758 2 Fund acts in response to emerging powers' call for bigger say in decisions AFP Reuters IWASHINGTON] The IMF took a first step on Saturday towards heeding a call by emerging powers for a stronger voice in its decision-making under reform
      AFP; Reuters  -  758 words
    • Article, Illustration
      Lock icon Crucial to give strong mandate to PM: SM Goh
      685 2  -  S'pore needs good team to sustain economic growth for next 10-15 years By CHUANG PECK MING [SINGAPORE] A good chef not the food ingredients the difference when it comes to cooking an excellent meal. It's the same for a country's economic
      LIM SIN THAI/ST  -  685 words
    • Article
      Lock icon Social safeguards are in place for casinos: Hng Kiang
      452 2  -  By CONRAD TAN, CHEN HUIFEN [SINGAPORE] The government has addressed the people's concerns about the integrated resorts (IRs) with casinos to be built at Marina Bay and Sentosa by ensuring stringent social safeguards are in place, said Trade and Industry Minister
      452 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      521 2 Legal action needed to clear allegations: DPM TAKING legal action is the only way to challenge those making false accusations against the government, in order to ensure that the case of the government and that of government leaders will be heard by the public, said Deputy Prime Minister
      521 words
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      123 2 m UNABLB TO HIPS He* FRUSTRATION ANY 4. W jjliPi St f "1 I FURTHeK, &AU.Y£MALLBUOINe&& CONPe&aes C v-< a" n I He* TKOdBLes to ouve ouT6ou*ce A \"p ,*C' \Wr.l I-j ■<. 1 :H(£ iasl I VSH HU H IflllHilH I f a 'Arl a/ T\\l r|iVj I■n HrllllM
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      12 2 I people No mountain high enough. www.thepeopleatwork com Asia P.icitic Executive Se.irct"
      12 words
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      556 3 Igihci*'igiP^iLJlL* V> •J. v- ff '.Eft Ep J J-WJit %'S?t r §i ,Vi3c" r^^fe' T S'?* Tlß*'' V u- Wheatfield with a Reaper 1889, Vincent Van Gogh Reap the rewards of a great Van Gogh relationship. Be rewarded with Free Hong Kong Holidays. At Van Gogh Preferred Banking, we don't
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  • GENERAL ELECTION 2006
    • Article, Illustration
      Lock icon Legal action needed to clear allegations: DPM
      578 4  -  Defamatory words attack foundation of PAP and must be challenged By NANDE KHIN [SINGAPORE] Taking legal action is the only way to challenge those making false accusations against the government, in order to ensure that the case of the government and that of
      LAU FOOK KONG/ST  -  578 words
    • Article
      Lock icon Khaw questions SDP's ability to lead after party's reported split
      327 4  -  By UMA SHANKARI [SINGAPORE] The ruling People's Action Party (PAP) yesterday worked to win the hearts of voters In two GRCs Aljunied and Sembawang both of which are expected to be contested. Health Minister Khaw Boon Wan. who will be
      327 words
    • Article
      Lock icon WP aims to add 'responsible competition'
      698 4  -  It unveils five new candidates, seeks to 'move upwards' Bv DANIEL BUENAS [SINGAPORE] The Worker's Party (WP) hopes to add what it calls "responsible competition", diversity and alternate views to Singapore's political landscape. However, its members admit that there is still scope for a
      698 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Most Stirling Coleman IPO firms doing well
      680 5  -  Of 14 listings it handled, only 5 are below water, while some have soared By ALEXANDRA HO BOUTIQUE corporate finance firm Stirling Coleman Capital (SC) might have been found wanting by the Singapore Exchange (SGX) last week, for not having gone far enough
      Source: Bloomberg  -  680 words
    • Article
      Lock icon Newbridge ups bid for Pacific Century
      167 5 [HONG KONG] Newbridge Capital LLC raised its offer in a bid to privatise Singapore-listed Pacific Century Regional Developments Ltd, controlled by Richard Li, the South China Morning Post said, citing a company statement. Newbridge and a group of associates from its founder Texas Pacific
      167 words
    • Article
      Lock icon Why TPA Strategic deserves closer look
      696 5  -  HOCK LOCK SIEW By VEN SREENIVASAN IT is a common perception that market players here are, by and large, an unsophisticated lot who succumb easily to herd instinct. Perhaps. But if detractors needed proof that this was indeed the case, they need look no
      696 words
    • Article, Illustration
      Lock icon Getting into the corporate news loop
      858 6  -  AGM WATCH A website to update investors on the local corporate scene is needed R SIVANITHY Senior Correspondent CORPORATE governance issues, listing matters, disclosure lapses, market surveillance and market regulation are all very close to the hearts of local investors. Yet other than a
      858 words
    • Article
      Lock icon Landwind looks abroad with own products
      466 6 Reuters LANDWIND Medical Holdings, which makes and distributes medical diagnostic imaging equipment in China, said overseas sales and new products would underpin revenue growth in the company in 2006. Landwind, whose 2005 turnover came mainly from distributing third-party ultrasound machines in China, expects 5
      Reuters  -  466 words
    • Article, Illustration
      Lock icon ASL Marine to start China yard in '07
      722 6 Firm is open to M&A deals if it helps business Reuters ings," Mr Ang said. ASL Marine counts AP Moeller-Maersk Group the world's biggest container shipping line, as one of its regular customers for building and repair of vessels. ASL Marine also
      Reuters; FILE PHOTO  -  722 words
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      439 5 Best Private Bank in 2005 by Asiamoney Magazine Voted No. 1 Wealth Management Associates Discretionary Investments Insurance sesi- It's not everyday that Advisory Portfolio Management Client Relationship A WEALTH OF OPPORTUNITIES Tax Advice |gg|jN Estate Planning COMES KNOCKING. Fiduciary Services Online Private Banking Build a career in Private Banking with
      439 words
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      175 6 Secretaries' Week *!f to PAN pacific mjr y mf r What Are You Doing For Your Secretary? §1 n IhJh[ Summer House Enjoy culinary variety at its best with a buffet lunch for only $48 per person. HaiTien Lo Bask in panoramic views of the city skyline while you feast
      175 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon All portfolios post substantial gains
      1341 7  -  TEH HOOI LING Senior Correspondent THE Straits Times Index (STI) hit its all-time high last week and there were as many as 119 companies reaching their 5 2-week high on Wednesday. It was no wonder then that all our portfolios gained, and quite substantially at
      1,341 words
    • Article, Illustration
      Lock icon Trading activity falls but value jumps 50%
      1021 7  -  INSIDE MARKETS Fund managers boost their stakes in Bio-Treat, Celestial, Ferrochina, and Innovalues Precision, reports ROBERT HALILI ROBERT HAULILI DIRECTOR and substantial shareholder activity was sharply down last week, based on filings with Singapore Exchange from April 17 to 21. On the buying
      1,021 words
    • Article, Illustration
      Lock icon Getting the timing right is the key
      623 8  -  STOCKS R SIVANITHY Senior Correspondent WHEN it comes to property, what counts is location, location, location. And when it comes to stocks, what matters is timing, timing, timing. For the hundreds of contra players who took the plunge last week, timing was a
      623 words
    • Article
      Lock icon Asian units rise against greenback
      241 8 CURRENCIES [HONG KONG] Asian currencies mainly rose against the US dollar last week, as investors speculated that the US Federal Reserve would stop raising interest rates. Japanese yen: The yen rose against the US dollar as compared with the previous week. The currency stood at
      241 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2243 8 Piynwt El Books hy 1st) Mt do— iga_ STelecom f U50-115TA 21-% 20% 054% AAGrp y OJI OS-May 10-May 224% ABR Hldgs f US 03Ma, 084% 234% ABR Hldgs t U» 03May OSMay 23-May Action Mm > 0.50 02-May 054% 17-May Adampak F OJ4 03-Mjy 06-Ma, 19-May Adv
      2,243 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1802 8 Consensus No.of Forecast Mean Fri's recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Advanced Holdings 1.00 1.00 3 8.97 16.06 1.54 1.43 Allgreen Properties 2.22 2.11 9 7.86 19.59 1.46 1.60 Ascendas REIT 2.46 2.39 13 11.45 19.39 2.31 2.21
      1,802 words
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      40 7 I PROGRESS PACKAGE for your Desktop Publishing Needs Bundles from $98/mth! Use Legal Software! www.diversitec.com.sg/progpack Au th o ri se d epson $0 Upfront |rr ,at,on Vv Reseller Adobe exceed your vision L Business Focus 4 Downtime Hotline. 6413 6213
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon MAKE THEM BIGGER & BETTER
      1714 9 MAKE THEM BIGGER BETTER THIS WEEK'S TOPIC Should listed companies make more effort to increase the attendance at AGMs? How can they do this? AGMs are vitally important meetings and are pretty much the only opportunity a shareholder (retail or institutional) has to meet the entire board of directors. Shareholders
      1,714 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      70 9 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
      70 words
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  • DINING OUT
    • Article, Illustration
      Lock icon A fusion of flavours
      963 10 NIW MINU Flutes at the Fort 21 Lewin Terrace, Fort Canning Park. Tel: 6338-8770 WITHIN a few weeks of its opening in June 2004, Flutes at the Fort was already making good headway among the discerning restaurant crowd, generating plenty of buzz thanks to its charming
      963 words
    • Article
      Lock icon Special culinaiy treats for secretaries
      482 10  -  CHEAH UI-HOON lays out Secretaries Week promotions CHEAH UI-HOON Ellenborough Market Cafe Swistotd Merchant Court Tel: 6239-1848 FOR the secretary with a penchant for Asian cuisine. the Ellenborough Market Cafe ($3B per person, from April 24-28) will pander to her tastebuds with its Asian favourites
      482 words
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      94 10 Lianhe Zaobao I Competition I linofkhore I luliiLHilJ g I I hots JI lIP A g ilnn *****11J Club Card Toapplycall64l6 0980 I HHBI World of Exclusive Privileges Treats Diners Club Santa Fe Tex-Mex Grill ti»\{/ The Co6^a Trees ■tfltWillfr 14A SCOUS R ad (beS,dß Goodwood Park Hote,) Tel 6732
      94 words
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      58 10 As gastronomers say, 'Seafood always tastes better when you 're near the ocean.' From the deep blue comes the freshest recipes of Sauteed Seafood in Cream Dill Sauce, Pan Seared Dory Fillet with Herbs, Grilled Salmon with Teriyaki Sauce, Baked Green Lip Mussels with tomatoes and cheese served with buttered
      58 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon BMT offers new suite of trust products
      554 11  -  Offerings include trusts for cases of divorce, migration, retirement By GENEVIEVE CUA EMBROILED in a divorce? You could set up a trust to ensure that any alimony or lump sum payments go to your named beneficiaries. Or, you may be mulling migration to
      554 words
    • Article
      Lock icon New scheme to boost tourism
      560 11  -  It will certify workers for their practical skills Reports by ALEXANDRA HO A WORLD-CLASS tourism destination needs a worldclass tourism workforce and a soon-to-be launched national qualifications system is helping to ensure that Singapore's tourism workers meet the mark. The Tourism Workforce Skills Qualification (WSQ)
      560 words
    • Article
      Lock icon WSQ: a step in the right direction
      247 11 PAN Pacific Hotel's front office agent, Kevin Wong, was looking to further his studies to improve his career prospects. So he gladly signed up for the Workforce Skills Qualification (WSQ) Certificate (Operations), when the opportunity came up. Mr Wong is one of three
      247 words
    • Article
      Lock icon EVENTS LISTING
      187 11 DATE/" TIME EVENT VENUE 24-28 Apr The Women's Leadership The University of 8.30am Program Chicago, Graduate School of Business, 101 Penang Road 25 Apr Seminar on Aligning TheFullerton 8.00am Business and IT The Vital Singapore, Straits Role of Requirements Room, Level 4 Management and Enterprise Architecture 25 Apr
      187 words
  • Page 11 Advertisements
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      56 11 ■HMM ORCMIMBtC R AIRWAYS irfjlsill Buy from 15 Feb-30 Apr. Fly from 01 May-26 May. reservations, please contact your favourite travel agent or call Qatar Airways at 6732 9277 or visit us at 290 Orchard Road Paragon #18-07/09 Singapore *****9. For further information on schedules to join Privilege Club, our
      56 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Riding the dragon
      868 12  -  China stocks may be exciting and brimming with bright prospects, but don't forget the risks, says CONRAD TAN CONRAD TAN f CHINA stocks are all the rage at the moment, so this is as good a time as any to learn about them. First, it's worth clarifying
      JACQUELINE PHUA  -  868 words
    • Article, Illustration
      Lock icon Blazing a trail for budding entrepreneurs
      749 12  -  CAMPUS LIFE First-year business student Ken Koh hopes to encourage others to believe in themselves, writes GRACE CHONG GRACE CHONG EVERYONE has a talent they just have to believe in themselves to see it. As Ken Koh, a first-year business management student, puts it:
      YEN MENG JIIN  -  749 words
  • Page 12 Advertisements
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      251 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. k The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we
      251 words
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  • 11th WORLD HR CONGRESS
    • Article, Illustration
      Lock icon Making strategy happen
      1108 13  -  HR is now more about building organisational competitiveness than just hiring and firing, as CHEN HUIFEN finds out CHEN HUIFEN JEB ORE than two I wL m 8 when the em- was high and cruitment was local company that was to become ST Kinetics then started a
      1,108 words
    • Article
      Lock icon Five ways to measure HR
      507 13 IT is not as easy to measure the results of a Human Resources (HR) function compared to a sales function, because the latter tend to have clearer outcomes that can be reflected in a company's revenue and profit figures. But it doesn't mean that HR
      507 words
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      111 13 SiiifSl|lliw |t j fSBIHE h <&* lf v 23p** '> lopi© upomtinQ ana cnospng tout iooi vnikmw r -w T x: jfiiyN II WmmtmfilftoQr. I tls I /towtfG(SSmml^ -»•tj,--- w» wirwißPirt iwfifiwwf t p WVP vPWF Jp*v aff M^m A«l«i iimn aa« UUB r r Blllliypip #IHB> HPw WW l|||BH|PpWr
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  • ECONOMY WATCH
    • Article
      Lock icon G-7 presses China to speed up yuan's rise
      510 14 Analysts expect statement to push Asian currencies higher Bloomberg [WASHINGTON] The Group of Seven nations piled up pressure on China to speed up gains in the yuan, calling on some Asian nations, especially China, to allow their currencies to appreciate. In talks
      Bloomberg  -  510 words
    • Article
      Lock icon Easing of China forex rules could free US$2t
      288 14 AFP [SHANGHAI] China's move to free up its foreign exchange control last week offers up the tantalising prospects of putting in play US$2 trillion in national savings, but analysts are divided over when benefits will materialise. The easing permits banks to invest
      AFP  -  288 words
    • Article
      Lock icon M'sia warns against 'drastic' Asian currency gains
      368 14 Bloomberg [WASHINGTON] Stronger Asian currencies alone can't solve the problem of lopsided flows of goods and investment and a drastic appreciation of exchange rates could destabilise the world economy, a Malaysian official said. "Exchange rate appreciation per se cannot fully address the imbalances,"
      Bloomberg  -  368 words
    • Article, Illustration
      Lock icon Rapping in Hyderabad for ADB chief Kuroda?
      616 14  -  Plans for wider role in trade, finance draw opposition By ANTHONY ROWLEY in Manila ASIAN Development Bank president Haruhiko Kuroda looks set to face a barrage of criticism from Europe and elsewhere at the bank's annual meeting in Hyderabad next week over plans
      REUTERS  -  616 words
    • Article
      Lock icon Hydrogen as alternative fuel is an attainable goal, says Bush
      406 14 Bloomberg [WEST SACRAMENTO. California] With gasoline prices climbing towards US$3 a gallon, President George W Bush has said the US must reduce its dependence on oil and invest in alternates, including hydro-gen-fuelled vehicles. "I strongly believe hydrogen is the fuel
      Bloomberg  -  406 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bracing for more fuel subsidy cuts
      625 15  -  MALAYSIA INSIGHT KL still has time to prepare the ground for coming storm even as oil prices rise PAULINE NG KL Correspondent IT'S cruel, but the estimated RM4.4 billion (S$ 1.9 billion) savings in Malaysia's fuel subsidies have all but been wiped out in
      625 words
    • Article, Illustration
      Lock icon Former M'sia DPM Ghafar Baba dies
      386 15 He succumbs to heart lung and kidney ailments at the age of 81 AP [KUALA LUMPUR] Ghafar Baba. Malaysia's former No 2 leader who rose from humble roots as a rural schoolteacher, died yesterday after nearly a decade of poor health, officials said. He
      AP  -  386 words
    • Article
      Lock icon Indonesia vulnerable to hot money outflow
      513 15 Speculative funds could flee at hint of trouble: analysts Reuters [JAKARTA/HONG KONG] Indonesia may be Southeast Asia's hottest market but some analysts warn that speculative funds could flee at the slightest hint of trouble, as they did during the Asian financial crisis of 1997-1998.
      Reuters  -  513 words
    • Article
      Lock icon Naza to export a third of new car output
      230 15 AP [KUALA LUMPUR] Malaysian auto firm Naza Corp will export a third of the annual production of 30,000 units of its newly launched compact car, news reports said yesterday. The 1.1-litre engine car, developed in collaboration with Italian, British and South
      AP  -  230 words
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      185 15 The University of Manchester Manchester Business School B You don't have H|fl MBA for Engineering Business Managers W{^ Hj|H MBA for Financial Managers Finance Professionals msSi^KKSSSSSEI^^M^BBaaMBR Ranked No. 3 in UK and No. 22 in the world (Financial Times 2006) and triple accredited by AMBA, EOUIS and AACSB international, an
      185 words
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      133 15 rwt-~i <+»— £mm trading edßel m Introducing P-7fc»der, a powerful trading platform by Phillip Futures with integrated features like interactive real time charts, customized trading signals, and multiple price alerts. Speed up your execution with this new all-in-one platform! Key Features jJEwLamjr Up to 8 charTtype available Hke candlestick, tick,
      133 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon B-plus for effort, says China's WTO champion
      599 16 Rampant piracy and counterfeiting mar Beijing's efforts to honour pledges Reuters [BEIJING] The man who steered China into the World Trade Organisation (WTO) gives the country high marks for the way it has knuckled down, but says it doesn't deserve the top grade
      Reuters  -  599 words
    • Article
      Lock icon HK property trust IPOs pricing may be too high
      470 16 Reuters [HONG KONG] Hong Kong's infatuation with real estate investment trusts (Reits) will be tested in coming months by a second wave of IPOs that some experts say could disappoint by pricing low-quality buildings too expensively. Sun Hung Kai Properties Ltd,
      Reuters  -  470 words
    • Article
      Lock icon Insurance market grows 8% in Q1
      176 16 Bloomberg [SHANGHAI] China's insurance market grew 8 per cent to 160 billion yuan (5531.8 billion) in the first quarter as insurers sold more life cover. Premiums from life policies rose 8.8 per cent to 123 billion yuan in the three months ended March 31,
      Bloomberg  -  176 words
    • Article
      Lock icon More Chinese banks will list at home: regulator
      464 16 Maturity of markets will help to boost this trend, he says Reuters [BOAO, China] Chinese banks will increasingly opt to list shares at home as China's financial markets mature, a senior banking regulator said on Saturday. Bank of China, the country's second-largest
      Reuters  -  464 words
    • Article
      Lock icon GDP may grow 9% in '06: central bank official
      402 16 Consumer prices may also exceed govt's target of 2%, he says Bloomberg [BEIJING] China's economy may expand at least 9 per cent this year, exceeding the government's target of 8 per cent, Jiao Jinpu, deputy director of the central bank's research
      Bloomberg  -  402 words
    • Article
      Lock icon STOCKS ASIA
      3130 16 Transaction date: Apr2l For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG vol ream,nt J-- ijvc 4./. 'nnn Dynamic Global 0.04 unci 0 Easyknit A14 unch 4372 AeonCredit 6.60 unch 21 EcoTek 0.28 -0.01 630
      3,130 words
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  • INDIA
    • Article, Illustration
      Lock icon FRUITFUL TRIP
      80 17 [ALLAHABAD] Indian farmers use a boat and a herd of camels to take their watermelons to market on the River Ganges near Allahabad. The first recorded harvest of watermelon was nearly s.oooyears ago in Egypt where watermelons were grown and regarded not only for their flavour but also
      AFP  -  80 words
    • Article
      Lock icon Volatility ahead in Indian stocks after rally to record high
      248 17 Profit-taking expected amid high valuations AFP [MUMBAI] Indian markets are expected to be volatile next week with key fullyear corporate earnings due to be announced, including India's largest private sector company, Reliance Industries, dealers said. With the benchmark 30share Sensex
      AFP  -  248 words
    • Article
      Lock icon New Delhi is committed to cutting deficit: RBI chief
      457 17 Bloomberg [NEW DELHI] India's government is committed to a plan to cut its budget deficit, central bank governor Yaga Venugopal Reddy saiii in a statement in Washington. Finance Minister Palaniappan Chidambaram aims to shrink the deficit to 3.8 per cent of
      Bloomberg  -  457 words
    • Article
      Lock icon Gas pipeline to India, Pakistan draws banks
      499 17 Merrill Lynch, Lazard have shown interest in funding the US$3.5b project Bloomberg Reuters [LONDON] Investment banks Merrill Lynch Co and Lazard Ltd are among lenders interested in helping finance a US$3.5 billion pipeline project to import natural gas from central Asia to Pakistan
      Bloomberg; Reuters  -  499 words
    • Article
      Lock icon Satyam's Q4 net profit swells 38%
      261 17 Reuters IMUMBAI] India's fourth-largest software exporter, Satyam Computer Services, said quarterly net profit jumped 38 per cent and forecast strong demand for outsourcing. New York-listed Satyam, whose customers include General Electric, forecast revenue growth of 25.2-27.3 per cent for the year to March 2007
      Reuters  -  261 words
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      31 17 Get a Leading Edge Your sailing schedules get wider attention! in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 _T* Busks TUB Shipping times
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      957 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PENCOM SINGAPORE PTE LTD (In Members' Voluntary Winding-Up) Company Registration No *****4404E RESOLUTIONS PASSED ON 19TH DAY OF APRIL 2006 At on Extraordinary General Meeting of the Company held at 1300 Industrial Road, Suite 21
      957 words
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      8 17 GRAB A COPY NOW! jjmS. J 1. ;< \A
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Wall Street pins hopes on strong earnings
      783 18  -  Markets have taken a beating from soaring oil prices, bond yields By ANDREW MARKS in New York FIRST quarter corporate earnings took an unexpected back seat to other mar-ket-moving news last week, despite coming in at the top end of Wall street's expectations
      783 words
    • Article, Illustration
      Lock icon Oil producers, consumers remain divided
      647 18 Reuters AFP [DOHA] The world's oil producers and consumers agreed yesterday record US$75-a-barrel crude was a danger to everyone, but appeared further apart than ever in their quest to bring prices down. "The two are moving in parallel but there is no meeting point," Opec
      Reuters; AFP  -  647 words
    • Article
      Lock icon Aztar Corp fetches US1.6b bid
      280 18 Bloomberg [LAS VEGAS] The four-way bidding war for the owner of the Tropicana casinos has escalated with Ameristar Casinos raising its offer for A/tar Corp to US$l.6 billion. Ameristar offered US$45 a share. The bid includes US$22 million for preferred stock, or U*****.94 a share.
      Bloomberg  -  280 words
    • Article
      Lock icon Gulf building projects touch US$1t
      257 18 Reuters [DUBAI] Construction and other projects planned or under way in the Gulf Arab region, Iran and Iraq have surpassed US$l trillion, a business tracking firm said on Saturday. Meed Projects said in a statement that the total value of projects planned or under development
      Reuters  -  257 words
    • Article
      Lock icon Nasdaq picks bankers for share sale
      271 18 [NEW YORK] Nasdaq Stock Market Inc, the second-largest US equity exchange, picked Bank of America Corp and Credit Suisse Group to arrange a share sale that may raise about US$762 million. The sale, announced by Nasdaq on Thursday, will help repay a loan the
      271 words
    • Article, Illustration
      Lock icon Thai by-election not seen to resolve constitutional crisis
      543 18 AFP Reuters [BANGKOK] Thailand held by-elections yesterday amid tight security, but the polls threatened to leave unresolved the constitutional crisis that forced Prime Minister Thaksin Shinawatra to step aside. The new balloting in 40 districts took place mainly in southern Thailand, a
      AFP; Reuters  -  543 words
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  • AVIATION
    • Article
      Lock icon Business travellers take pleasure in leisure: poll
      888 19 Majority will extend trips for 'add-on' with friends or family IHT [PARIS] The time-honoured practice of combining business with pleasure is alive and well, according to a new survey by Travelocity.com of 1,000 British customers. Nearly eight out of 10 long-haul travellers said
      IHT  -  888 words
    • Article, Illustration
      Lock icon Boeing wins contract for European air-control system
      290 19 Bloomberg [NEW YORK] Boeing Co, the world's second-largest maker of commercial aircraft, won a contract to help develop a new system for directing air traffic in Europe. The U*****,000 contract calls for Boeing to help create a European system that will mesh with
      Bloomberg; BLOOMBERG  -  290 words
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      Lock icon Delta Air pilot leaders endorse tentative pact
      698 19 Bloomberg [CHICAGO] Delta Air Lines Inc's pilot-union leaders endorsed a tentative contract that will save the bankrupt company US$2BO million annually if the carrier's pilots and the bankruptcy court back the proposal. The three-and-a-half year agreement will keep a current 14 per cent
      Bloomberg  -  698 words
    • Article
      Lock icon MAS should train more pilots: Abdullah
      278 19 Bernama [LANGKAWI] Prime Minister Abdullah Ahmad Badawi wants Malaysia Airlines (MAS), which is losing many pilots to other airlines, to train more pilots so that it can maintain its flight capacity. The Prime Minister said the demand for efficient pilots and even copilots among
      Bernama  -  278 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      589 19 CITY FLIGHT FT A FLIGHT (TD A***** 1855 Paw Mm 1916 MI5tt UK jjjBF Ljjjjjj jj| 5311 jUl m| U SMI pJIfl i«' &0h OftfiJfi 1255—^ ]j| if j f>T iB §16 11 iT jjjj wS 11 KBEm* Ukm a6>Mi I«S AbTtti ioii wfff ]K sjsff
      589 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      206 19 CRYPTIC CROSSWORD DOWN 1 After revolution cease hold- 9 A Wl e endures he's off with YESTERDAY'S SOLUTION ing power and flee (6) a f arewe l" (3,11) Across: 1 Chambermaids, 9 Pec--2 Favourite holding love lines in 15 Given a good screw? (9) torals, 10 Adopt, 11 Untidy, 12
      206 words
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  • SHIPPING
    • Article
      Lock icon Emirates line sets sail with Colombo-NY service
      459 20  -  Indus Express to be operated along with 'several key partners' By DONALD URQUHART [SINGAPORE] The liner industry's newest player Emirates Shipping Line has officially opened for business with its first service Indian sub-conti-nent to the US east coast set to sail next month.
      459 words
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      Lock icon Key US oil-handling port's lifeline at risk
      833 20 Funds needed to make road more hurricane-proof [HOUSTON] The only road in and out of Port Fourchon, Louisiana, the main US staging point for deepwater oil and natural-gas production, sits less than a metre above the marshland. Hurricanes Katrina and Rita largely spared
      BLOOMBERG  -  833 words
    • Article
      Lock icon Xiamen lnt'l Port's profit up 4.7%
      212 20 Bloomberg [HONG KONG] Xiamen International Port Co, operator of China's seventh busiest container harbour, posted a 4.7 per cent increase in 2005 profitafter the nation's trade increased. Net income rose to 243.6 million yuan (5548.5 million), or 0.13 yuan a share, from 232.7 million
      Bloomberg  -  212 words
    • Article, Illustration
      Lock icon Orient Overseas Q1 sales up 3.9% on more cargo
      305 20 Bloomberg [HONG KONG] Orient Overseas (International) Ltd, owner of Asia's seventhbiggest container shipping line, said first-quarter sales at the unit rose 3.9 per cent after cargo volume increased. Sales at Orient Overseas Container Line rose to U*****.7 million in the first
      Bloomberg; FILE PHOTO  -  305 words
    • Article, Illustration
      Lock icon Toll getting support for Patrick takeover
      494 20 Bloomberg [SYDNEY] Toll Holdings Ltd, Australia's biggest freight company, is getting support from investors for its' As6.l billion (557.2 billion) bid for Patrick Corp, according to Toll chief executive officer Paul Little. No major investors in Patrick, Australia's largest shipping cargo handler, have indicated
      Bloomberg; BLOOMBERG  -  494 words
    • Article
      Lock icon TRANSPORT STOCKS
      285 20 SGX '000 Apr 21 SS Vol CH Offshore .0.41 unch 300 ChuanHup .0.35 unch 1655 Cosco Corporation 1.35 -0.06 ***** CWT Distnbution 1.32 -0.01 162 Ezra Hldgs ...2 62 unch 323 Freight Links 0 09 unch 5010 Grand Banks Yacht 0.88 unch 4 Java Holdings 1.31 -0.02 1689
      285 words
  • Page 20 Advertisements
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      318 20 CSL Asia Shipping Pte Ltd is a wholly owned subsidiary of the CSL Group Inc. CSL was founded in 1845 and is a Canadian company headquartered in Montreal, Quebec with offices in Australia, Canada, Singapore and the United States. CSL specializes in owning and operating self-unloading dry bulk cargo vessels
      318 words
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  • Article
    Lock icon SINGAPORE STOCKS
    12457 21 STRAITS TIMES INDEX STOCKS Stodt nmM Wt Oom Changs Stock mm MR Oaoo Chang* Stock noma Wt Ooao Oianga Allgreen 50c 0.34 1.600 j HyfluxSc 0.40 2.730 +0.150 STEngglOc 1 94 3.280 +0.040 Ascendasreit 1 06 2.210 JMHUS25c400 3.04 18.200 +0.200 STATSChP25c 1 05 1.310 +0 070 BIL
    12,457 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6357 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local carr la SS In USS dy %yr dy yr dy %yr April lnda« Changa Changa Chang* Changa Changa Changa World Index Pretmwiary 1041 7 0.4 74 OA 4J 0.6 9.1 t EAFE Preliminary 1066.9 04 16 09 84 09 13.1 Europe
    6,357 words
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  • Page 23 Advertisements
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      1227 23 H > '«a£r H ifl-PT II VH B I K J Kiyidßß *ik.. I J |l "Z?25 I t* t NYK GROUP SOUTH ASIA PTE LTD r w N vrvwr Bn i>G w TEL *****123 V-. --AIV A AIdKE K&gxg] M 3 11 LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) W NIPPON
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      718 23 hKwmufcotoiMwci vßsa/wr umtSS) hbghhm) m not to sw jkt STIMTSVnTUKOi/U I IS 3.2 06/04 M/D4 20/04 23/04 25/04 STIAITS VWTUtt 07/04 IS 3.2 27/04 30/04 04/DS 07/05 Of/OS straits vbitukoo/oe is 12 11/05 is/os i»/ds 21/05 23/05 Vfssa/VOT |KAWfffT)|tCCWW| IP I SW I OB STP MB UX Ftt JKT I
      718 words
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  • Page 24 Advertisements
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      1924 24 WAN HAI NVERNAHONAL PVI LTD a»l«W*****/l| v "l THi*****5M (14 IMS) FAX: *****1*3 VAN N WAN HAI LINK <**-,*/***u»-(mo>mtiw V jm it iw) »i»m nut ibtibiwii sw wi) stMn fax. mi) mm*/ mm *T*:ini)s»4tllM:(Bl)JJS47MPUl*;7l**»/714l»l HUL7IU* WWW.W—I.C—.H »11:)W1)41glMHULlMlMtS»ra/<lfflW W—m 32 S SS S HWIUII3 lIU ItM lM QZ/OS M 5 07/05
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      1208 24 ga vot sw it ir wis rasa voy T jkt sui hkg dsn pus HAMJW POHAWG 0303 C M/ 4 30/4 t/5 10/5 KMTt KEELUHG 405S 30/4 VS 4/5 t/5 IVS 14/5 HAJUIN SEOUL 0302E 5/5 7/5 13/5 17/5 KMTC fUSAN 404S 7/5 10/5 11/5 14/5 20/5 21/5 Vtssa HOT
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      Lock icon Page 24 Advertisements Column 3
      820 24 m si ax//* WEEKLY EXPRESS SAILING SCHEDULE lAISoACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS I rasa. I voy I shi |pjnAN6|coiOMoo|iLSNEVA Icolomoo I liujlI iujIV iAHDHI IOIO3W IISMAT I 16MAY I 19MAY I 22MAY I 25MAT I MSO AOPING Fa TO COOMI TUTKORM (VIA COLOMBO) AMD UNDU GOAI (VIA
      820 words
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  • Page 25 Advertisements
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      918 25 HNordana (Asia) Pte Ltd 70 Shenton Way, *21-03 Marina House Singapw* *****S NORTH WEST EXPRESS LINE MONTHLY SERVICE fO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES I VESSEL VOT Si—ore Malta Port Hodfaad Frtwartk Cocoslrioed Chrfetwoi Islood Posir fad— EaZEmZZZZZ—!£6fI2 I QIM ULAk liiK 2lia 21E 03Moy NH !£4fi4
      918 words
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      Lock icon Page 25 Advertisements Column 2
      798 25 ifa »H— iSt. Smiwl SE =si==ijj==ii= fUVMI *****1 n/U H/04 WUll 1711 ***** ***** -Ron rem wa wm —$754 |ii |n w mill 111 11 i I ■EQIZnXQZpiISSBnHZSH HDBSEBiniIII&SBH fc¥|h«rfflE 00a ItYUSWJ 144?21/*****5J PACHATUNA PHOIS 07/0S 13/0$ U/OS 01/05 WOH6HHK |MS 14/05 H705 WO5 IS/05 1 VKSa VOY SM PO>T
      798 words
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      Lock icon Page 25 Advertisements Column 3
      376 25 BSA .L i Vs®!l!fES l VSSff!^^^P r MYANMA V|M FIVE STAR LINE (Myannar National Line) Loading far Yangon vtssa VOV SM PU PEN PGU CHIN SHWf HAW 90W SID PAGAN 349W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKL 03-300 SUM PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O VBSE VOT HKG SM PKI
      376 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6767 26 This ETA HA Advertiser Vessel Voyage Telephone ITA HA Advertiser Veael Voya«e Telephone SIN Oest'n Name Name Number Number SIN Desfn Name Name ftmbar Mamber To HAIPHONG (HPH) 2147 Vietnam To ABIDJAN (ABJ) 2003 Cote D'lvoire 04X15 twos Btanq Mas van xuan msujn *****988
      6,767 words
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  • BizIT
    • Article, Illustration
      Lock icon Tata to set up Asia banking technology centre here
      694 27  -  Indian IT giant plans to increase its headcount in Singapore by 50%, writes WINSTON CHAI WINSTON CHAI Riding on the back of solid earnings in its last financial year, Indian IT giant Tata Consultancy Services (TCS) will boost its global headcount
      694 words
    • Article
      Lock icon Does Windows on Apple have bite?
      726 27  -  <cool stuff> We put two options for running Windows on the latest Macs through their paces By CHRISTOPHER LIM Much has been made of Apple Computer's April 5 release of Boot Camp free beta software that lets users of Apple's latest Intelbased Macintosh PCs
      726 words
    • <what's new>
      • Article, Illustration
        Lock icon Ranger rolls out new cameras
        130 27 RANGER has unveiled two new gadgets that will make their debut at the upcoming PC Show in June. First in line is the Vcam 8250, a lightweight 3.1 -megapixel digital camera. At a mere 85g. the product packs a host of features including Web camera
        130 words
      • Article, Illustration
        Lock icon 02 goes exclusive with Xda Atom Pure
        98 27 02 HAS introduced a limited edition version of its Xda Atom smart phone. Called Xda Atom Pure, the product sports a white exterior and measures only 58mm by 102 mm. It features a 1.7-inch touch screen and a built-in 2-megapixel camera, as well
        98 words
      • Article
        Lock icon Prepaid broadband card by Star Hub
        58 27 STARHUB has launched a new prepaid card targeted at users of its pay-per-use FlexiSurf2ooo service. Instead of paying for their usage online through credit cards, customers can now purchase the FlexiCard which comes with a stored value of $15. The card is currently available
        58 words
      • Article, Illustration
        Lock icon Motorola launches low cost 3G handset
        88 27 MOTOROLA has launched the Elo7o, a 3G clamshell handset which promises consumers the perks of video calling and mobile high speed surfing without a big dent on their wallets. The product features'an integrated 1.3-megapixel camera and is equipped with multi-call functions to allow users
        88 words
      • Article
        Lock icon Maxtor unveils new portable drives
        131 27  -  Compiled by WINSTON CHAI MAXTOR has taken the wraps off the Onetouch 111 Mini Edition, a flagship range of small, portable external storage products. The device comes in memory capacities of 60GB and 10GB and incorporates a host of built-in security, file management and backup
        131 words
    • Article, Illustration
      Lock icon EMC launches managed services in Asia
      663 29  -  Services offered out of S'pore include storage management By AMIT ROY CHOUDHURY EMC Corp announced last week that it will offer managed services out of Singapore to clients in the Asia Pacific, including Japan. The move is in line with efforts to ramp up
      663 words
    • <what's up>
      • Article
        Lock icon Cisco links up with Singapore 2006
        74 29 CISCO Systems has sealed a sponsorship deal for the upcoming Singapore 2006 mega-event. To be held at the Raffles City Convention Centre, Singapore 2006 incorporates a host of meetings of bodies such as the International Monetary Fund and the World Bank Group. Under the
        74 words
      • Article
        Lock icon 1-Net debuts one-stop service
        105 29 1 -NET is hoping to make Singapore the digital port of call for companies like film studios and production houses. The company has launched NexMedia, a one-stop service for content owners, aggregators and service providers. It offers businesses a host of services including the digitisation and
        105 words
      • Article
        Lock icon Intel to set up more Itanium centres
        91 29 CHIP giant Intel plans to add a new Itanium solution centre in Singapore, along with eight more in other parts of the world. The expansion is part of Intel's effort to help developers port their existing applications over to systems based on the
        91 words
      • Article
        Lock icon SAS opens Singapore solutions centre
        57 29 BUSINESS intelligence software provider SAS has opened a new technology demonstration centre in Singapore. The SAS Solution Centre will showcase the functionalities and benefits of the company's products to prospective customers in Singapore and other parts of the region. These offerings include SAS' data integration,
        57 words
      • Article
        Lock icon Lexmark to host seminar next month
        67 29 LEXMARK will be holding a seminar aimed at providing insights to help companies manage their document-related processes. The event will take place on May 19 at the Amara Hotel. It will feature presentations from Lexmark experts on topics such as the tools available to
        67 words
      • Article
        Lock icon Symantec promo for Visa cardholders
        72 29 SECURITY software specialist Symantec has launched a promotional package for Visa's business and corporate cardholders in Singapore. Aimed primarily at owners of smaller companies, the deal offers discounts on Symantec's Client Security Business pack which includes antivirus protection as well as other tools to ward
        72 words
      • Article
        Lock icon Ml slashes 3G price plan by 65%
        92 29  -  Compiled by WINSTON CHAI IN A bid to drive greater uptake, Ml has cut the monthly subscription for its unlimited 3G data access plan to $68, a 65 per cent reduction from $199 previously. According to the company, the price cut is aimed
        92 words
    • Article
      Lock icon Giving voice to the trading floor
      808 29  -  &lt;you say&gt; VoIP is a proven technology set to become a standard in financial services By STEPHEN PHILLIPS -2 005 was the year that Voice over Internet Protocol (VoIP) became the hype technology of financial institutions in Asia Pacific, but the benefits of VoIP
      808 words
    • Article, Illustration
      Lock icon Technology can help make Vietnam a 'miracle' economy: Gates
      525 29 AFP [TAM SON, Vietnam] Microsoft chairman Bill Gates said on Saturday information technology, including software development, could help Vietnam move into the league of Asian "miracle" economies within a decade. "I have a very strong optimism, not just about our activities
      AFP; REUTERS  -  525 words
    • Article
      Lock icon Citrix's regional revenues spike 18% in Q1
      198 29  -  By WINSTON CHAI CITRIX Systems' regional revenue grew 18 per cent in the first quarter of this year, buoyed by new customer wins as well as software licence updates, the enterprise software firm announced last week. On a worldwide level, the firm garnered
      198 words
    • Article
      Lock icon Mobile phones gain on PCs for Internet access
      291 29 AFP [WASHINGTON] Mobile phones may soon challenge personal computers as the dominant platform for accessing the Internet, a recent survey suggests. A survey released this week by research firm Ipsos Insight showed that 28 per cent of mobile phone owners worldwide have
      AFP  -  291 words
  • Page 27 Advertisements
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      115 27 FOCUS Big Bang has been a success, pg 30 r_ No more wet newspapers PH For just $28, you can now keep your newspaper safe and dry from the smallest drizzle or the biggest thunderstorm. Complete and mail this coupon, together k with your cheque* and we'll have your Newspaper
      115 words
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  • Page 28 Advertisements
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      201 28 H u m |T?T|iT»TSj|w We are honoured to be the first in Singapore to achieve the prestigious BSISOOO certification, a worldwide standard .A for IT service management. This certification is awarded to NCS Group's 'Managed Services, Infrastructure Management'* and recognises our adoption of an integrated approach to meet business and
      201 words
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  • BizIT FOCUS: SINGAPORE in 2015
    • Article, Illustration
      Lock icon Big Bang has been a success: telcos
      1351 30  -  Six years after liberalisation, consumers have plenty of choice and services have become more innovative, AMIT ROY CHOUDHURY learns AMIT ROY CHOUDHURY SINGAPORE'S major telecommunications players agree on one key point: six years after full liberalisation, the telecom sector today is more competitive,
      1,351 words
    • Article
      Lock icon Rise in FBO telcos in open market
      818 30  -  Reports by AMIT ROY CHOUDHURY SIX years after Singapore's telecom sector was opened to full competition in April 2000, the number of facili-ties-based operators (FBOs) have gone up from 13 at that time to 37 as of March of this year. FBOs are
      818 words
    • Article
      Lock icon Industry thumbs up for government's broadband initiative
      653 30 New network will be open-access and carrier neutral THE Infocomm Development Authority of Singapore (IDA) has been orchestrating a flurry of new technology initiatives in the telecommunications sector since last year. And the latest of them is the most ambitious. Called the Next-Genera-tion
      653 words
  • Page 30 Advertisements
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      76 30 "Singapore in 2015" is a fortnightly series that will provide you insights into Singapore's next 10-year Infocomm masterplan, Intelligent Nation 2015 (iN2015). Hear from Infocomm champions on what the future will be like, what new possibilities there will be, and how Singapore's key economic sectors and our lives will be
      76 words