The Business Times, 26 April 2006

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Total Pages: 32
1 32 The Business Times
  • 16 1 THE BUSINESS TIMES Wednesday April 26,2006 SINGAPORE 85 cents inline at http://business-times.asial .com.sg MICA (P) 099/03/2006
    16 words
  • 675 1  -  MAS says economy poised to resume stronger growth path in months ahead By ANNA TEO [SINGAPORE] The economic pullback in the early months 0f2006 is not indicative of a broad-based slowdown, and the Singapore economy is set to resume a stronger growth path in
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  • 648 1  -  Contract now worth more, duration upped to 8 years By AMIT ROY CHOUDHURY (SINGAPORE! The Infocomm Development Authority of Singapore (IDA), which last year announced a plan to outsource the government's front-end computer network, said yesterday it has
    648 words
  • 141 1 sn 2,583.61 (-8.89) ST INDEX FUTURES 2.582.00 (-9.00) SIMSCI 307.79 (-0.77) SIMSCI FUTURES 307.50 (+0.50) MARKETS Tuesday Change KLSECOMP 944.09 +0.73 NIKKEI 225 16,970.29 +55.89 HANG SENG 16.577.77 -127.90 SET INDEX 763.88 -7.66 JAKARTACOMP 1.458.78 +15.92 MANILA COMP 2.232.55 -17.93 SEOUL COMP 1.431.15 +0.21 SHENZHEN B 284.62 +1.26
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  • Page 1 Advertisements
    • 13 1 MOTORING jjf YHI moving into new Asian markets i kis v v 7
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    • 19 1 ELECTION *06 The challenge to R\Ps dominance PG4 Read IDA's media release online at http.Z/business-times. Asia 1. com. sg
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    • 72 1 ENBLOC SALE Developers target prime sites PGI3 INTEGRATED RESORTS Ffewer bidders expected for Sentosa IR Hng Kiang P93 NKF seeks 12m from Durai, four others PG2 ffTONUNi BT print subscribers get free access to the Busfess To activate your account log on to httpiMwsiness-times. asial .com.sg. For more infocmaUbn, email
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  • TOP STORIES
    • 624 2  -  NKF CIVIL CASE In addition to sums paid out, NKF hopes to get back $4m in lost donations By MICHELLE QUAH [SINGAPORE] The National Kidney Foundation (NKF) is suing its former officers for a substantial $12 million including $2 million in salaries
      LIANHE ZAOBAO  -  624 words
    • 400 2 Sentosa IR expected to see fewer bidders than Marina JUST days before Friday's launch of the request for proposals for the Sentosa integrated resort, Minister of Trade and Industry Lim Hng Kiang said he expects a smaller field of bidders there than for Marina Bay. This is because
      400 words
    • 826 3  -  Hng Kiang: An IR with theme park needs combination of special skills By By ALEXANDRA HO, ARTHUR SIM [SINGAPORE] Just days before Friday's launch of the request for proposals (RFP) for the Sentosa integrated resort (IR), Minister of Trade and Industry
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    • 404 3  -  Exemplary manufacturers to get recognition By CHEN HUIFEN [SINGAPORE] The Economic Development Board has launched the inaugural Manufacturing Excellence Award to recognise exemplary Singapore-based manufacturing firms that will serve as role models for innovation and draw more companies and talent here. The Manufacturing Excellence Award
      404 words
    • 355 3  -  By ANNA TEO [SINGAPORE] Domestic inflation will rise this year but will still remain fairly contained, with higher oil prices the key risk factor. In the Monetary Authority of Singapore's assessment, oil prices will likely remain high, and the pass-through
      355 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 267 3 X-markets a »?-Star is here again You've heard about the explosive growth in warrants turnover. Join a free seminar for a head start on the You've read about the excitement of warrants trading. Now you of warrants t^ng, can experience the action yourself with Warrant-Star, the fun- 2May&ll May (Eng
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  • GENERAL ELECTION 2006
    • 951 4  -  Opposition parties have unveiled 34 candidates so far; 6 more likely today By CHUANG PECK MING, DANIEL BUENAS THE big question come Nomination Day tomorrow is whether the Opposition will this time field enough candidates so that the People's Action Party will
      951 words
    • 513 4  -  By MATTHEW PHAN THE National Solidarity Party says that it would hope to provide Internet access to all of Tampines if its five candidates confirmed yesterday under the banner of the Singapore Democratic Alliance are elected in that group representation
      513 words
    • 710 4  -  By DANIEL BUENAS THE Workers' Party has revealed the three thrusts it says will be the "heart" of its election campaign accountability, hope for the future and a first world government. WP secretarygeneral Low Thia Khiang announced the platform at the unveiling of the party's fifth
      Photo: ST  -  710 words
    • 576 4  -  By MICHELLE QUAH TWO more Singapore Democratic Party (SDP) members have apologised to Minister Mentor Lee Kuan Yew and Prime Minister Lee Hsien Loong for defaming them in a series of articles carried in the party's newsletter, The New Democrat. The
      576 words

  • COMPANY NEWS
    • 607 5  -  HOCK LOCK SIEW By WONG WEI KONG INVESTORS in United Fiber System (UFS) which has promised much but delivered little probably need more than mere reassurances now. The pulp and paper company has tried to provide this after questions were raised by
      607 words
    • 405 5  -  By KALPANA RASHIWALA CAPITAMALL Trust (CMT), which owns shopping centres like Bugis Junction, Tampines Mall and IMM Building, has posted firstquarter distributable, income of $37.6 million, up 26 per cent from the corresponding period last year. Revenue for the three months ended March 31,
      FILE PHOTO  -  405 words
    • 372 5  -  By CONRAD RAJ LOWER refining margins, increased hedging expense and a weaker greenback took their toll on first-quar-ter earnings at Singapore Petroleum Company (SPC), Singapore's only locallyowned refinery operator and retailer and one of the key stable members of local conglomerate Keppel Corporation.
      372 words
    • 457 5  -  RESULTS By OH BOON PING DESPITE a plunge in its first-quarter net profit, Chi-na-based steel maker Delong remains upbeat about the steel industry and is confident of meeting its target of paying at least 20 per cent of its yearly
      457 words
    • 399 5  -  By SIOW LI SEN DBS Bank has been hit by yet more resignations, this time reaching into the bank's inner circle Steve Ingram, head of technology and operations and group chief information officer is leaving. John Mitchell, chief credit officer, has also resigned. In
      399 words
    • 431 6  -  AGM WATCH Shareholders meet today on major decision to take over Internet service provider ROLAND UM Reporter ALMOST two months after their company made public its intention to take over regional Internet service provider Pacific Internet (PacNet), shareholders of Mediaßing will be coming
      431 words
    • 488 6  -  LESUE YEE Senior Correspondent NATSTEEL Ltd's name change saga continues. Today, shareholders will be asked for the fourth time to vote on the company changing its name to NSL Ltd, at an extraordinary general meeting. This resolution needing a 75 per cent
      488 words
    • 249 6 Action Asia A Raffles Hotel, Casuarina 9.00am E Suite A, Level 3,1 Beach 9.30am Amara Hldgs A Amara Ballroom 2, Level 4.30pm 3, Amara Singapore, 165 Tanjong Pagar Road, Singapore *****9 Automated Touch A The Pines, Ballroom II, 3.00pm 30 Stevens Road, Singapore *****0 Celestial A Sheraton-Towers 10.00am
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    • 409 6  -  IPO WATCH By UMA SHANKARI ELECTRONICS manufacturer, China Precision Technology, is on its way to a mainboard listing after launching its initial public offering (IPO) yesterday offering 80 million shares at 30 cents each. The China-based company provides manufacturing services for the consumer electronics, office automation
      409 words
    • 446 6  -  By NANDE KHIN MIDSOUTH Holdings, a China-based manufacturer of fibreglass reinforced plastic (FRP) products and air-conditioning systems, launched its initial public offering (IPO) yesterday. It plans to raise $37.5 million in net proceeds. The company, which is seeking a Singapore Exchange mainboard
      ARTHUR LEE  -  446 words
    • 423 8  -  Counter hit by some broker downgrades but other houses stay with buy calls By WONG WEI KONG SHARES of OSIM International Ltd slumped 13 per cent yesterday after the company reported a sharp drop in quarterly earnings due to financing costs and lower
      Source: Bloomberg  -  423 words
    • 330 8  -  By NANDE KHIN MCL Land Ltd, through its wholly owned unit MCL Land Development, has bought the Boon Teck Heights property off Balestier Road for $22.88 million. The en bloc purchase price for the freehold property was arrived at after taking into
      330 words
    • 474 8 Reuters CONTRACT electronics firm Venture Corp Ltd looks set for an 8 per cent rise in quarterly profit, as sales of networking and automotive equipment offset slower printer and mobile phone orders. Venture, Singapore's No 2 contract electronics maker after Flextronics International Ltd,
      Reuters  -  474 words
    • COMPANY BRIEFS
      • 40 8 HARTFORD Education Corporation Limited, a business management programme provider, has received approval from the Vietnamese authorities to set up Hartford Business Training Centre (Vietnam), in Hanoi. Hartford expects its first intake there in July.
        40 words
      • 38 8 FRONTLINE Technologies Corporation and its subsidiary MDCL-Frontline (China) have entered into an agreement to buy from PSA China Pte Ltd the entire stake in Dalian BHB Consultancy Services (DBHR) for $1.4 million.
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      • 60 8 ATB Austria Antriebstechnik AG's mandatory cash offer for Lindeteves-Jacoberg has become unconditional yesterday after ATB exercised a call option to acquire about 19.4 million shares (or 3.91 per cent) in Lindeteves-Jacoberg. ATB now owns, controls, or agrees to acquire 51 per cent of LindetevesJacoberg. The
        60 words
    • 209 8 Bloomberg [BANGKOK] United Overseas Bank Ltd plans to remove its banking unit from Thailand's stock exchange after buying the 1.5 per cent that it does not own. The offer to shareholders will be from May 23 to July 7, United Overseas Bank
      Bloomberg  -  209 words
    • 493 8 Reuters [SINGAPORE] Lee Joon Chung, the chief of United Test Assembly Centre Ltd (Utac), gets a high from pacing the sterile corridors of his factory, listening to the steady hum and throb of machines testing and packaging millions of microchips. Mr Lee, who often dons
      Reuters  -  493 words
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  • Page 8 Advertisements
    • 745 8 S NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAP. 50 AND IN THE MATTER OF A A INDUSTRIAL SUPPLIES (S) PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the above named company duly convened and held at its Registered Office. N0.63 Sungei Kadut Loop Singapore *****4.
      745 words
    • 183 8 >fl|\ :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 ED) AND IN THE MATTER OF MACH (ASIA) PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****3090R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
      183 words
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    • 181 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOOKINGS ASIA PRIVATE LIMITED Company Registration No. *****4105K (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that a Final General Meeting of the Company will be held on the 25th May 2006.
      181 words
    • 226 8 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ITECH INFOCOMM PTE LTD (In Members' Voluntary Liquidation) Reg. No. ********** NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed
      226 words
    • 26 8 Joining forces? s —-f—s Announce the good news. Call 1800 289 8822 or email notices@sph.eom.sg to book your corporate notice in our newspapers now. AT3 NOTICES
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  • Page 9 Advertisements
    • 219 9 I r f *< To the successful RX 300 is now born a worthy successor. The New RX 350 arrives with the majestic power capable of detecting slippage at one wheel and transferring torque to another with the most traction. So you of a 24-valve 272bhp V6,3.5-litre, dual VVT-i engine.
      219 words

  • SINGAPORE MARKETS
    • 922 10  -  CURRENCIES Yuan and other Asian currencies targeted; yen gains in the spotlight LARRY WEE Senior Correspondent IT'S been very much a case of "it never rains but it pours" for the US dollar, with a very real danger of more bad news
      922 words
    • 987 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 2S and earlier) Subsantial No of Price SHAREHOLDING Tram Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr flDO) C000) LafeTech 25-Apr-06 HoWing-On > *Buy 0.20 *****0 67.94 *****5 68.15 SSS SSBSS* •Ssr'JS' us? ***** AS IS!?!
      987 words
    • 258 10  -  Compiled by UMA SHANKARI 'Parkway Holdings April 25-dose: $2.58 *CmGROUP RESEARCH, April 24 ♦Synergy brewing: Parkway is working closely with Pantai on cost and ♦revenue rationalisation and syner§gy creation, but the impact will be ♦felt progressively. t Tapping medical tourism: Panitai intends to expand into medical tourism, targeting
      258 words
    • 414 10  -  STOCKS R SIVANITHY Senior Correspondent FROM the looks of things, today could be a crunch day for many short-term punters and contra players. Volume last Wednesday when the Straits Times Index closed at an all-time high of 2,585.84 was also at an all-time high
      414 words
    • 289 10 CHART POINT RISING oil prices and inflation worries finally Struck a chord with market investors as the Straits Times Index succumbed to a pullback from its recent peak of 2,605. The move is in line with our 2,600 technical projection, which we presented in
      289 words


  • SINGAPORE NEWS
    • 518 12  -  Figure is 43% increase from the $700m IDA budgeted for By WINSTON CHAI THE Singapore government gave the local information technology (IT) industry a billion-dollar boost last year, spending $300 million more on technology products and services than initially planned.
      518 words
    • 362 12  -  NRF's advisory panel starts inaugural meeting By ROLAND LIM THE research community in Singapore could "achieve critical mass" in five to 10 years, says the cochairman of the National Research Foundation's (NRF) Scientific Advisory Board (SAB) Ulrich Suter. Speaking on the sidelines
      362 words
    • 369 12  -  By LESLIE YEE SPIRE Investment Holdings wants to offer Singapore institutional and retail investors the opportunity to ride on growth in India's real estate sector. A week ago, Spire registered its prospectus with the Monetary Authority of Singapore, and is
      369 words
    • 524 13  -  Top bid for Beverly Mai is said to have been $1,184 psf ppr By KALPANA RASHIWALA DEVELOPERS are continuing to bid for prime residential sites. BT understands that Far East Organization has clinched the freehold Skyline Angullia for $100 million, or $1,073 per
      524 words
    • 227 13 SINGAPORE Press Holdings (SPH) has emerged as the biggest winner for the second consecutive year at Ifra's Asia Media Awards. At a gala dinner held in Kuala Lumpur last night, publications of the Singapore media group took home 11 awards in all.
      227 words
    • 260 13 THE Urban Redevelopment Authority (URA) has made available for application a 99-year leasehold reserve list hotel site next to Novena MRT Station. URA estimates that the 62,310 sq ft site, which can be developed up to 261,703 sq ft of gross floor
      260 words
    • 383 13  -  By CONRAD TAN THE Government of Singapore Investment Corp (GIC) has bought a substantial stake in China Minzhong Organic Food Corp, one of the largest vegetable farming and processing exporters in China. In a statement on Monday, China Minzhong said that GlC's private
      383 words
    • 496 13  -  CONSUMER WATCH By JURENA CHAN CASE the Consumer Association of Singapore is thinking of urging banks and financial institutions to make small loans to help public flat upgraders. The consumer watchdog brought attention to this issue yesterday at a press conference, saying that
      496 words
    • 270 13 CONSUMERS can now breathe easy and eat easy, when it comes to consuming processed food. The percentage of retail outlets found to sell expired goods has dropped to merely 2 per cent from 28.3 per cent last April, according to the third
      270 words
    • SINGAPORE ROUNDUP
      • 47 13 THE number of cases of hand, foot and mouth disease (HFMD) in Singapore has declined from 784 to 399 in the past five weeks. The Ministry of Health says that it will continue to monitor the situation closely.
        47 words
      • 83 13 THERE have been no reports of Singaporean casualties in the bomb blasts in the Egyptian resort town of Dahab, according to a Ministry of Foreign Affairs spokesman yesterday. The spokesman said Singapore's embassy in Cairo is closely monitoring the situation. At least 23 people
        83 words
      • 40 13 A*Star Corning in collaborative research agreement THE Agency for Science, Technology and* Research (A*Star) and Corning Inc have announced a new collaborative research agreement to study the application of 1 Corning materials in the chemicals processing and environmental technology fields.
        40 words
  • Page 12 Advertisements
    • 65 12 WFTnf #'ai' a* iM, TitWM Jr t Jm F V 5 S *r mt aw fcf S fi r I jf, M >*a HlL* !T KL| The Business Times >> >>^«*-^ w is proud to be the official print partner of JPMorgan Chase Corporate Challenge 2006. 3 cheers for the
      65 words
    • 20 12 V N Head to CATS FASTADS In The New Paper for job opportunities! MATS •UY (T SELL IT FWK> IT
      20 words

  • Page 13 Advertisements
    • 67 13 GRILL CHILL AT GRAND HYATT i Discover Singapore's new oasis. Featuring weekly BBQ buffet dinner every Friday and Satu'*da> fron. 30pni selection of perfectly grilled meats and fresh seafood. iB Special introductory price is $60+++ per person inclusive at free flow beer, wines and soft drinks. I oasis 10 Scotts
      67 words

  • ECONOMY WATCH
    • 744 14 A stronger ringgit has helped to limit inflation Bloomberg MALAYSIA'S central bank may keep its key interest rate unchanged this week as a strengthening ringgit helps keep inflation from rising too rapidly. Bank Negara Malaysia will hold the overnight policy rate at 3.25
      Bloomberg  -  744 words
    • 368 14 Reuters [BEIJING] China's economy will probably grow 9.6 per cent this year, retaining momentum because of strong growth in investment and trade, a top government think-tank said in a research report published yesterday. China's economy grew a stron-ger-than-expected 10.2 per cent in
      Reuters  -  368 words
    • 1064 14 Developed nations need to overhaul economies to boost demand, says Zhou Bloomberg [WASHINGTON] Finance ministers and central bankers from the Group of Seven nations told China to let the yuan appreciate, while offering no fresh policies of their own to address lopsided
      Bloomberg; REUTERS  -  1,064 words
    • 522 14 Oil surge, housing slowdown puts economists on alert Reuters [NEW YORK] Wall Street is growing excited about a possible end to the Federal Reserve's string of interestrate increases, but inflationary rumblings suggest investors may be jumping the gun. One view gaining
      Reuters  -  522 words

  • MALAYSIA/INDONESIA
    • 658 15  -  Economists say M'sians more risk-averse, want clear and certain returns By PAULINE NG in Kuala Lumpur THE strong appetite for the latest Amanah Saham Malaysia (ASM) unit trust, launched earlier this week without any purchase cap or racial quota, has not come
      658 words
    • 359 15 AFP [KUALA LUMPUR] The United States said yesterday that Malaysia had to do "a lot more" to battle piracy and protect intellectual property ahead of talks for a bilateral free-trade deal. US Deputy Secretary of Commerce David Sampson said intellectual property rights (IPR)
      AFP  -  359 words
    • 2371 15 VOL General Corp 0.71 0.05 2075 Apr 25 m C000) Genting 25.00 0.20 350 George Kent ...0.55 0.02 87 ASM Realty 136 -0.01 3 GHL Systems J0JZ7 -0.01 ***** Aboc 037 0.01 12 Globetronics Tech .0.34 0.01 4437 ACP Industrial 1.11 0.04 610 GlomacBhd 1.32 -0.01 93 Advance
      2,371 words
    • 384 15 [KUALA LUMPUR] Greater retail and institutional participation in the Malaysian stock market is possible, since Bursa Malaysia's turnover velocity of 30 per cent to market capitalisation is one of the lowest in the region, The Starßiz quotes Bursa's chief executive officer Yusli Mohamed Yusoff as
      384 words
    • BRIEFLY ASIA
      • 49 15 AFP [JAKARTA] Indonesian authorities, faced with high fuel subsidy bills amid soaring world oil prices, may impose restrictions on fuel consumption for vehicles, a minister said yesterday. National Planning Minister Paskah Suzetta said such a move would not affect public transport. —AFP
        AFP  -  49 words
      • 73 15 Bloomberg [JAKARTA] Indonesian banks were downgraded to "tactical underweight" from "overweight" by Merrill Lynch after share prices exceeded their earnings potential. The Jakarta exchange's banking and financial sector index is up 24.5 per cent this year, matching the 24 per cent gain
        Bloomberg  -  73 words
      • 57 15 AFP [DOHA] Qatar plans to invest US$5 billion in India in an effort to boost economic ties following a visit to New Delhi by Foreign Minister Hamad bin Jassem al-Thani, his ministry announced Monday. Qatar is looking at "several projects... as well exchanges of
        AFP  -  57 words
      • 92 15 AP [NEW DELHI] An Indian company on Monday filed a petition in the Supreme Court, challenging the government's decision to award contracts to two foreign companies for privatising the new Delhi and Bombay airports. Reliance Airport Developers filed the petition, questioning an April
        AP  -  92 words
      • 52 15 AFP [BEIJING] China's parliament introduced draft legislation yesterday to combat "rampant" money laundering, state media reported. The legislation will extend the scope of tracing suspicious money flows from the banking sector to insurance, securities and other commercial sectors, including real estate and
        AFP  -  52 words
    • 290 15 Bloomberg [KUALA LUMPUR] Rashid Hussain Bhd, the parent of Malaysia's fourth-largest bank, may scrap a proposed sale of US$l9O million of bonds after some shareholders said they were concerned it won't help revive the company. The board will hold a meeting to
      Bloomberg  -  290 words
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  • GREATER CHINA
    • 324 16 Company denies FT report but HK paper says the decision is likely in 2 weeks Reuters [HONG KONG] China Mobile is expected to make a US$4 billion cash bid for shares in Nasdaq-listed MilHcom International Cellular, the South China Morning Post said yesterday.
      Reuters  -  324 words
    • Article, Illustration
      59 16 [BEIJING] These balloons with flowery prints floating above boats form part of an artwork displayed at a lake in Hangzhou in eastern China's Zhejiang province on Monday. With May Day celebrations just round the corner, the authorities in various Chinese cities are gearing up for the
      AP  -  59 words
    • 239 16 [HONG KONG] Lai Sun Group unit eSun Holdings and its American partners put the price tag on their planned hotel-casino-re-tail-TV studio complex in Macau at US$2 billion assuming their request to almost double its floor space wins government approval, according to the Standard.
      239 words
    • 420 16 PROPERTY SCENE AFP [BEIJING] China announced plans yesterday to curb credit to new real estate projects and other overheated sectors in an effort to cool an economy that boomed at 10.2 per cent in the first quarter. "First, we must
      AFP  -  420 words
    • 296 16 US$900m trust is HK's first with first-tier property Reuters [HONG KONG] A prime Hong Kong office complex will be packaged next month into a property trust worth as much as US$9OO million, yielding between 4.8 per cent and 5.5 per cent, sources said yesterday. Feeding
      Reuters  -  296 words
    • 427 16 The plan may increase return on equity to 14% Bloomberg [HONG KONG] Industrial Commercial Bank of China (ICBC), the nation's largest lender, may cap the amount of new stock in its US$lO billion initial public offering (IPO) to increase shareholder returns,
      Bloomberg  -  427 words
    • 561 16 AP [HONG KONG] Asia's soaring stock markets, having hit multiyear highs as funds have poured into the region's economies, are beginning to worry investors. Contrary to most expectations, high oil prices, a lower US currency for the export-dominated region or a weakening US
      AP  -  561 words
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  • INDIA
    • 475 17 35% rise in Suzuki's Indian unit's profits will contribute to record earnings Bloomberg [TOKYO] Maruti Udyog, which makes half of all cars in India, may post a 36 per cent rise in fourth-quarter profit on surging demand, pushing parent Suzuki
      Bloomberg  -  475 words
    • 300 17 AFP Reuters [KATHMANDU] The leader of Nepal's largest political party, Girija Prasad Koirala. was put forward by the opposition as the kingdom's new prime minister yesterday, a senior opposition official said. "We will send the name to the palace today." Madhav Kjunar Nepal,
      AFP; Reuters; AP  -  300 words
    • 475 17  -  By SIDDHARTH SRIVASTAVA in New Delhi "IT'S like being in a plane." This quote, attributed to a young commuter riding Delhi's new metro, says it all. Long-suffering commuters had to put up with huge traffic jams and filthy buses until the clean, airconditioned metro
      475 words
  • Page 17 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 643 18  -  Their combined stakes could sway results of a future takeover battle By NEIL BEHRMANN in London HEDGE funds could play a decisive role in the fate of the London Stock Exchange (LSE) ahead of talks with Nasdaq and the New York Stock Exchange.
      AP  -  643 words
    • 326 18 LATEST US DATA Reuters AP [NEW YORK] US consumer confidence rose in April to a four-year high as optimism about job prospects overshadowed concerns over rising gasoline prices, a survey showed yesterday. The Conference Board said its index of consumer sentiment climbed in April
      Reuters; AP  -  326 words
    • 183 18 AP [BANGKOK] Thailand's influential King Bhumibol Adulyadej said yesterday that the country could not be governed by a single party and asked the country's top courts to resolve an impending constitutional crisis. But he stopped short of appointing an interim government, saying he
      AP  -  183 words
    • 398 18  -  By ANTHONY ROWLEY in Tokyo OIL prices are likely to head beyond US$lOO a barrel while gold could go above US$l,OOO an ounce and other commodities are likely to continue heading skywards, reflecting major imbalances in supply and demand, an international expert
      398 words
    • 371 18 NYT [SAN FRANCISCO] Sun Microsystems said on Monday that Scott G McNealy, one of its founders, was stepping aside after 22 years as chief executive, an era in which Sun helped establish the dominance of the microprocessor chip in corporate computing. Jonathan Schwartz,
      NYT; REUTERS  -  371 words
  • Page 18 Advertisements
    • 878 18 I TOTAL AUTOMATION LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****1583G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Total Automation Ltd (TAL" or the "Company") will be held at Function Rooms 1 3, Raffles Marina Ltd, 10 Tuas West
      878 words

  • MOTORING
    • 676 19  -  It has been appointed licensed manufacturer for Enkei, buys into OZ By SAMUEL EE YHI International's recent deals with two worldrenowned wheel brands will help the Singapore company penetrate new markets and, more importantly, expand further into the Asian region with a
      ARTHUR LEE  -  676 words
    • 511 19  -  It'll supply prime movers to PSA in $10m deal By SAMUEL EE MERCEDES-BENZ is moving aggressively into the heavy-duty truck market and looks set to expand its 15 per cent market share after signing a $10 million deal to supply prime movers to PSA.
      511 words
  • Page 19 Advertisements
    • 94 19 Diners Club Card A World of Exclusive Privileges Treats Diners Club 9HHHP U '^mananar Begin your blissful journey with a wedding at Raffles Marina! Call our wedding consultants at tel: *****222/2233. <3Kfl^v' JH Have to say "sorry?" Make it official. Call 1800 289 8822 or email notices@sph.com.sg to book your
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    • 65 19 V.ilnr Uvnis .11 X$/.."»0 urn |mt linn lliili I her rlion r ok 4<»tlrr/f e:i/soll4lriiiLv Menu N.isi Gorenq Istimcw.i H.nn.inese Chicken Hice K.itsu Don K.impoiui Fried Rice' Sliced Fish Thick Deehoon Soup Siruj.ipoie L.iks.i Fried Th.n Style Kw.iy Te.ivv (P.ihd Th.ii) Grilled Chicken with Pr.it.i Bre.id Cordon Bleu Supreme H.nn.inese
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    • 41 19 c lHe Essence of NeCson New Zealand H Setfeiec/ I Riesling Ice Wine Pinot Gris Pinot Noir Chardonnay Late Harvest Cabernet Merlot HB9H Gewurztraminer Lh|h Sauvignon Blanc c £es C: Viqne/ 40 Holland Grove Rd. Tel: *****053 '^'P V -v j
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    • 275 19 Pis-- IIIHI i '< r- > •> i > v •1, v •."<'...\, >< In conjunction with the New Zealand Festival, Chris BeH, Executive Chef of Millennium Hotel Rotorua, returns i&in to offer an unrivalled dining experience by presenting unique New Zealand dishes at Cafe Brio's. Savour the flavours of
      275 words

  • AVIATION
    • 710 20 Budget airlines to account for bulk of industry's 350-300 new planes in 5 yrs AFP [MUMBAI] India's low-cost air carriers approach an annual industry gathering in the country's financial capital this week with a bright future, despite shoddy airports and rising costs
      AFP  -  710 words
    • 329 20 Bloomberg [SINGAPORE] Thai Airways International is seeking a loan of about US$BOO million to pay for six new Boeing 777-200ERs to add to its current fleet of 91 planes, a banker involved in the deal said. The state-controlled carrier hired BNP
      Bloomberg  -  329 words
    • 226 20 Bloomberg [FRANKFURT] Austrian Airlines Group, owner of the country's largest carrier, said its first-quarter net loss narrowed as sales growth outpaced fuel-cost increases. The loss narrowed to 55.7 million euros (*****.6 million), or 1.72 euros a share, from 82.2 million euros, or
      Bloomberg  -  226 words
    • 336 20  -  Order amounts to US$678m before discount By VEN SREENIVASAN [SINGAPORE] Singapore Aircraft Leasing Enterprise, one of the world's largest plane lessors, has placed an order with Boeing for 10 more Next-Gen-eration 737 aircraft, plus 10 options and 10 purchase rights. The US$67B million
      336 words
    • 201 20 AFP [DHAKA] Cash-strapped national carrier Biman Bangladesh Airlines is looking for a strategic partner to revive its fortunes, a minister said yesterday. "We are seriously looking for strategic partners so that we can share management and aircraft with a reputed airline to make Biman a profitable
      AFP  -  201 words
    • 2129 20 OTT FUWIT HA MB WO SQ407 0715 C860 0925 AM80 0740 AM81 1625 AbaDtuM S0456 1300 KJS» 0«05 SQ4W Iff? SsST LH9771 1750 LFB770 2% 0«*—M 1H5 5Q142 0935 2?4 |g gg Amttardaai L***** 0630 AZ3993 2255 **3147 2235 A***** 1915 SQ323 0630 KL838 2255 jg™
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  • Page 20 Miscellaneous
    • 192 20 CRYPTIC CROSSWORD DOWN 2 A demand for attention (4 4) (5) YESTERDAY'S SOLUTION 4 haence^eam'headed bv a 16 H W S wly ne travelled Across: 1 Papaw, 4 Flagstaff, 9 rnnSTfi? V olden da y s (2 < 6) Leofnc, 11 Remodel, 12 Calm, 'l 3 c DirlrTtlJ 17 Start
      192 words

  • SHIPPING
    • 659 21  -  STRAIT TALK S'pore company and Hutchison may operate separately and compete for new business By DAVID HUGHES SINGAPORE port operator PSA International's purchase of 20 per cent of Hong Kong-based Hutchison Whampoa's port business, though puzzling, is certainly an interesting move.»
      AFP  -  659 words
    • 385 21  -  Temasek's support for PSA group seen as benefiting it By GEORGE JOSEPH [SINGAPORE] PSA Corp's AAA credit rating has been affirmed by ratings agency Moody's, despite its parent PSA International being put on a credit watch, following the announcement last Friday of its
      385 words
    • 306 21 Reuters [SINGAPORE] Plans by Malaysian Merchant Marine Bhd (MMM) to help rebuild the Iraqi Oil Tankers Company's (IOTC) fleet have stalled until the political situation in Iraq improves,, a top company official said yesterday. Malaysian-listed MMM signed a memorandum of agreement (MOA)
      Reuters  -  306 words
    • 139 21 [HAMBURG] The world's largest cruise liner, the 'Freedom of the Seas'. leaving this German port yesterday, after it was handed over the day before to its owners, the Royal Caribbean Cruise Line, in a ceremony. The new Finnish-built liner sailed into Hamburg last week for polishing
      AFP  -  139 words
    • 310 21 SGX '000 Apr 25 SS +1- Vol CH Offshore 0 40 unch 582 ChuanHup 0.35 -0.01 896 Cosco Corporation _..1.38 0.01 7295 CWT Distribution 1.30 unch 61 Ezra Hldgs 2.70 -0.03 932 Freight Links 0.08 unch 5472 Grand Banks Yacht 0.86 unch 0 Jaya Holdings 1.33 unch 809
      310 words
    • 331 21 Reuters [PANAMA CITY] Panama unveiled an ambitious U555.25 billion plan on Monday to expand its famous canal to handle a new generation of mammoth cargo ships and oil tankers. Opened in 1914 at a cost of 25,000 lives, the Panama canal was considered a masterpiece
      Reuters  -  331 words
  • Page 21 Advertisements
    • 93 21 TUVALU SHIP REGISTRY I m.. S E FW 1 C E 1. Low taxes 5. Worldwide network of surveyor* 2. Agreements with (ACS members 6. No restriction on nationality of ownership on .yy.y».ndl*»u*r> c > of 7 Tu.tu Is a party to STCWIM7 convention statutory certificate* „J, county the IMO
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  • EDITORIAL & OPINION
    • 516 22 EDITORIAL COMMUNIQUES from the group of seven industrial nations (G-7) rarely cause much of a stir. But the statement issued by the world's richest countries in Washington on Friday was a notable exception. "In emerging Asia, particularly China," said the text, "greater flexibility in exchange
      516 words
    • 1257 22  -  The US should address its savings shortfall and spiralling deficit instead of bashing China By STEPHEN ROACH SO China didn't give in on the great currency issue after all. After months of increasingly intense expectations, Chinese President Hu Jintao's visit to
      REUTERS  -  1,257 words
    • 772 22  -  THE BOTTOM LINE FRANK CHING DESPITE several embarrassing gaffes mainly on the part of the United States, the first official visit to the White House by Chinese President Hu Jintao went off relatively smoothly. The Chinese side took pains to smooth the road
      772 words
    • 1271 23  -  Political tensions and supply-demand imbalances may send prices past US$100 mark G PANICKER THREE-DIGIT oil prices, which looked like a rather distant possibility a year ago, may be upon us sooner than we think. It was Goldman Sachs' analyst Arjun Murti who startled
      BLOOMBERG  -  1,271 words
    • 620 23  -  LETTERS TO THE EDITOR Narayana Narayana Singapore I REFER to the report "OCBC's annual meeting draws record turnout" (BT, April 22). You said the bank's chief executive officer, David Conner, expressed "his preference to return excess capital through share buybacks, (thereby) disappointing shareholders
      620 words
    • 149 23  -  Soh Suwe Singapore I REFER to the article by Uma Shankari "Isetan won't sell either building or business" (BT, April 22). The article quoted Isetan's chairman as saying: "The shareholders are saying that Isetan should sell the building and pay them. That is crazy talk."
      149 words
    • 886 23  -  By JACKSON DIEHL PRESIDENT George Bush's retreat from the ambitious goals of his second term will proceed one small but fateful step further this Friday. That's when, after more than two years of stalling, the president will deliver a
      886 words


  • 11067 24 SGX MAINBOARD Transaction date: Apr 25 52-Mfk Til Last Vol Day Last Quota GrOiv Mv GrYW Nat MCap Wall Low Coda Company Sala W- (*008) HWi low lnyar SoBor Cvr WE jm 5 1 5716 1st Software 5c 3 +0.5 790 3 2.5 2.5 3 12.1 17 6
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  • 5997 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In St In USS dy *yr %dy %yr *dy Syr Apr 24 Index Change Change Change Change Chang* Chang* World Index Preliminary 1033.3 -0.7 6.6 -1.0 3.5 -0.4 8.5 EAFE Preliminary 1056.9 -09 16 -1J 73 44 12.6 Europe Preliminary
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  • Page 26 Advertisements
    • 1241 26 •#SM I iilllliillolPv H IgL'l. J I: il||{d|f|fVLt M K.J _22«aPEBj:-' "%ht v 3^'-,. I KA i-T\i\* I I l Hi. HM9 m 1 gi I Z NYK GROUP SOUTH ASIA PTE LTD r wj vrmfr Ml>C V TEL:*****123 JEW JK AxJMT t«RSjf JH Olm LINE Fax: 6292 2856 (Regional
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  • Page 27 Advertisements
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    • 187 27 fr** P. T. DJAKARTA LLOYD (PERSERO) ll© AUSTRALIA FULL CONTAINER SERVICE As Agents Starship Agencies (MAL) Pte Lid Operator Code: PJ CR NO. **********0H vst Ivor sw IHG rat m std mb w hamamwa mh x/<h 02/05 m/os u/os u/os io/oi A* IHUM 0325 07/05 09/05 19/05 71/05 23/05 24/05
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    • 2105 27 VESSEL VOY SIN JKT MIP PUS VESSEL VOY SIN JKT SUB HKG USN PUS HAHHN WHANG 0303 C 28/4 30/4 4/5 10/5 KMT( KEELUWG 60SS 10/T 3/S 4/5 ~9/5~ lj/T ~M/s" HANJIN SEOUL 0302E S/S 7/5 13/S 17/5 KMT( PUSAN 606S ~7/S~ 10/5 11/5 "u/T 20/5 H/T VESSEL VOY SIN
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  • Page 28 Advertisements
    • 1028 28 HNordana (Asia) Pte Ltd SS' 70 Shutow Way, *2M3 Morhw NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATtS VESSEL VOY Skoocore Jakarta Part Hadfad Ffwwrth Cotos Idaad OrbfrKH Iriaad Pajfcftrfpi Island Express 1E603 I QLAIK liilH life Zlfe 2ife UUtal 55 Express 1E604
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    • 692 28 fa —gfa— jiv —fe— '|L— -ffl TT'i "B« *58 Wu fj|p=^^gp=ff= I PA( HATUHA I PNQ24 22/04 1 I "OV/OS J 23/04 J wffiHi a E VKStI VOY SIN POUT KLANG OHTTAGONG Wnrt* lafkok (PAT) PAC WAKASSAI tS4W H/oT 23/04 MTS 1 27/04" *****" 01*705 V Jd«rt» lw#rii (PAT) I—
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    • 410 28 BSA -L MYANMA nM FIVE STAR LINE (Mymiaar National Line) Loading for Yang on VESSEL VOY SIN PKL PEN PGU CHIN SHWI HAW 90W SID PAGAN 349W SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PCI: 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL CBO VESSB VOT HKG SM Pitt FUTURE AQ 40 SU) SID
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 7094 29 This ETA ETA AdvartlMr Vassal Voyaga Tetephooe ETA ETA AdvartlMr VaaaI Vsyaga TaMtona H* PftfB Mama Nam* Numbar Numbar SIN DM'o Nama Nama Numbar Numbar 16/05 30/05 China Shpg ZIM ITALIA 057W *****898 To ABIDJAN (ABJ) 2003 Cot* D Ivoire 23/05 06/06 China Shpg
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  • Page 30 Advertisements
  • executive Money
    • 984 30  -  Hefty divorce settlements can turn estranged spouses into multi-millionaires, writes MATTHEW LYNN MATTHEW LYNN WHAT'S the biggest threat to your wealth? Losing your job? A savage bear market? It may well be the person you share your house and life with a wife or husband.
      984 words
    • 262 30  -  By Chua Boon Lee CHINA-RELATED stocks have begun to shake off a mutti-year malaise after China's Securities Regulatory Commission confirmed its intent to wrap up the state share reform programme by end-2006. Under this plan, government-owned companies have unveiled concrete plans to release shares through schemes
      262 words
    • 6020 30 UNIT TRUSTS FUNDS ACMGI Amer income B USD 8.55/ ACMGI Amer Income A EUR 6.91/ ACMGI Amer Income B EUR 6.91/ AM Amro Asset Mgt (Spore) ACMGI Europ Income Opp AT SGD 14 9/ Star Ei»ope Eqty* 094» ACMGI Europ Income Opp BT SGD. 14 9/ Star Eirope Bond 46/
      6,020 words
    • 1745 31  -  This asset class is hot now, due mainly to speculative money. A correction may be on the horizon so diversify your investments MONEY MATTERS CHRISTOPHER TAN MY mother is 66 years old and a homemaker. Like most parents of that age, she never got
      1,745 words
    • 1308 32  -  Brokers slashing commission rates for contracts for difference as competition hots up. GENEVIEVE CUA finds out more about the facility GENEVIEVE CUA TRADING shares on leverage through a margin account has been a staple of the local retail market for years. Now a fairly new
      1,308 words
    • 546 32  -  By GENEVIEVE CUA ASIA is at a stage of its economic cycle where investors would do best if they buy-and-hold the markets, rather than try to time the market corrections and recoveries. This is the view of Leon Goldfeld, HSBC's chief investment
      Source: HSBC  -  546 words

  • Page 31 Advertisements
    • 550 31 <o■ '■■i"?/ 1 s, i% ,-_s^-- "v «> j Br *■< ,:i iM, t *4 •ur* v "7-^f^B^fc i Bfl ,< m m?S»,4 JH B -Jfll B V Jfc, j| L 41 i#fe i".S"te %?v 7 *4■#% 4*,-— I ••"ss£ sj fitfiiTatt iiuMftni "Hi mn <*^s^jSt jse Introducing DBS High
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  • Page 32 Advertisements
    • 161 32 COSMO LADIES NIGHT EVERY WEDNESDAY Complimentary Cosmopolitan Martinis, Chocolate Fondue Fountain Strawberries for ladies 6pm 9pm DJ Titus spins Funk Soul R&B -Y. y A 4 a A T.' J JH AA Mfe' &1 U 9 K |6h J* ndi J v EIC LIVE! Every Friday starting in May 6:3opm
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    • 9 32 MONEY MATTERS Risky to bet all on commodities PG3I
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