The Business Times, 1 May 2006
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2006-05-01
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The Business Times
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Title Section17 2006-05-01 1 THE BUSINESS TIMES MICA (P) 099/03/2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg Monday, May 1,200617 words
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389 2006-05-01 1 MATTHEW PHAN - This has supported robust economic growth in the first quarter By MATTHEW PHAN [SINGAPORE] Singapore's crucial competitive edge is its strong tripartite partnership between workers, employers and the government, which has underpinned strong first-quarter economic growth, Prime Minister Lee Hsien Loong said in his389 words
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Article139 2006-05-01 1 MARKETS Week Chge STI .2610.71 +7.26 KLSE COMP 949.23 +1.04 NIKKEI 225 *****.23 -497.73 HANG SENG *****.30 -250.85 SET INDEX 768.20 -4.86 JAKARTA COMP ...1464.41 ........+5.12 MANILA COMP ....2270.53 +7.56 TAIPEI TAIEX 7171.77 +78.72 SEOUL COMP 1419.73 -31.58 SHENZHEN 8 283.40 -7.14 AUST ALL ORD 5207.00 +7.90 DOW139 words
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Article, Illustration926 2006-05-01 1 LESLIE YEE - Bank customers taking calculated risks amid brighter economic outlook and market prospects By LESLIE YEE [SINGAPORE] The risk appetite of retail investors has increased and they are embracing emerging market equity funds, say bankers. Bonds are currently out of favour but bankers are divided926 words
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Page 1 Advertisements
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Advertisement41 2006-05-01 1 FROM ELECTION '06 PM Lee on cost of living pg 3 SM attacks Chiam on union with M'sia idea pg 3 WP zooms in on health issues pg 3 Let CPF be used for full downpayment: SDA pg 3 8 H41 words
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Advertisement6 2006-05-01 1 S PORE STOCKS Market cap topsssoom6 words
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Advertisement23 2006-05-01 1 DINING OUT BizfT Convergence: the era of technological revolution PG24 i Hf^^ p ??rn <,^^BMiWMj /J II V' y^mQ^m^E^^KK^^Ml m I irt KmgitßVßga23 words
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TOP STORIES
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707 2006-05-01 2 CHINA RATE HIKE China's monetary tightening favours Asian shares in long run: fund managers AP Reuters [HONG KONG] International fund managers believe China's monetary policy tightening is generally favourable for Asian shares in the long term, and view the recent sell-off in keyAP; Reuters - 707 words
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Article, Illustration374 2006-05-01 2 LESLIE YEE - Economic growth seen driving Asia's capital markets By LESLIE YEE [SINGAPORE] Citigroup's Catherine Weir is excited about the prospects for corporate and investment Ranking in .Asean, and Singapore's roleas Hub for such activities. Mrs Weir, who is country officer for Singapore and headARTHUR LEE - 374 words
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Article534 2006-05-01 2 PM tackles cost of living issue head-on PRIME Minister Lee Hsien Loong last night addressed head-on a perennial election issue raised by opposition parties the cost of living. He said that the government has concluded that it has several causes globalisation, rising utility charges, increasing medical costs as534 words
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Article, Illustration676 2006-05-01 2 ANDREW MARKS - WALL STREET INSIGHT By ANDREW MARKS in New York WITH investors now more optimistic that the Federal Reserve's cycle of interestrate increases is nearing at least a pause, any upcoming US data will be closely scrutinised for signs of676 words
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Page 2 Advertisements
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Advertisement15 2006-05-01 2 people Clients wanted. (Only excellent companies need apply) v. aipl(-,)tv\fj>k.r.orr I Asia Pacific Executive Search15 words
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GENERAL ELECTION 2006
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505 2006-05-01 3 CHUANG PECK MING - Economy has turned the corner while prices remain tamed, he says By CHUANG PECK MING PRIME Minister Lee Hsien Loong last night addressed head-on a perennial election issue raised by opposition parties the cost of living. The economy, after taking some knocks in505 words
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Article, Illustration494 2006-05-01 3 DANIEL BUENAS - By DANIEL BUENAS PEOPLE'S Action Party leaders including Senior Minister Goh Chok Tong last night launched a scathing attack on veteran opposition leader Chiam See Tong's idea for economic union between Singapore and Malaysia. Speaking at a PAP rally in Potong Pasir,LAU FOOK KONG/ST - 494 words
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291 2006-05-01 3 CONRAD TAN - By CONRAD TAN THE government should stay out of the business sector and leave it to the people, said Singapore Democratic Party member Gandhi Ambalam at a rally last night in Bukit Panjang. Mr Gandhi was there to support the291 words
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Article, Illustration463 2006-05-01 3 NANDE KHIN - Sylvia Lim attacks criteria for test in public hospitals By NANDE KHIN NOW is the time for Singaporeans to question whether means-testing in public hospitals is necessary and if so, what criteria the test should be based on, said Workers' Party chief Low ThiaST - 463 words
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297 2006-05-01 3 OH BOON PING - By OH BOON PING SINGAPOREANS should be allowed to use their CPF funds to pay fully for the 10 per cent downpayment when buying HDB flats, said Chiam See Tong, chairman of the Singapore Democratic Alliance (SDA) at a rally in Yio297 words
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519 2006-05-01 3 UMA SHANKARI - By UMA SHANKARI DEPUTY Prime Minister Wong Kan Seng last night demanded that the Workers' Party give further explanations regarding the James Gomez affair. If the saga did not satisfactorily clear the air over issues of honesty and credibility, then the party should519 words
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274 2006-05-01 3 FOUR more members of the Singapore Democratic Party's central executive committee, who are the subject of legal action by Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew, have decided to apologise and pay damages to the pair. The274 words
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VIEWS FROM THE TOP
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Article, Illustration3289 2006-05-01 4 THIS WEEK'S TOPIC How different is the youth of today compared to the previous generation? How does this affect the way bousinesses deal with young people, whether customers, clients, employees or business partners? IT IS about striking a balance. Young people should learn from the3,289 words
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Page 4 Advertisements
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Advertisement70 2006-05-01 4 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 executives70 words
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COMPANY NEWS
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Article546 2006-05-01 6 OH BOON PING - HOCK LOCK SIEW By OH BOON PING IT SEEMS like the market has so far responded positively to Utac's latest multi-million-dollar acquisition of NS Electronics Bangkok (NSEB), announced on April 21. A look at the stock charts shows that its share price has risen546 words
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313 2006-05-01 6 GRACE CHONG - AGM WATCH By GRACE CHONG SHAREHOLDERS had a smooth and sweet time, as they were treated to premium ice cream, a special dividend and other delights at the recent annual general meeting of Hotel Properties Limited (HPL), which owns the franchise to sell and313 words
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Article1032 2006-05-01 6 CONRAD TAN - Investors go for China stocks, electronics, energy By CONRAD TAN SINGAPORE'S stock market capitalisation has breached the half-trillion dollar mark for the first time, ending the trading month of April at $500.3 billion, as the benchmark Straits Times Index (STI) soared to all-time highs. Buoyed1,032 words
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Article, Illustration481 2006-05-01 7 OH BOON PING - Analysts raise counter's share price target to as high as $20 By OH BOON PING AFTER Keppel Corp posted record first-quarter earnings last Thursday, analysts' have upgraded the stock, with Citigroup setting a price target of $20. Similarly, CIMB-GK carried a "buy" rating and anAFP - 481 words
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254 2006-05-01 7 THE Ascott Group has signed a master development agreement with Addax Investment Bank, in a move towards formalising their plan to launch at least 15 serviced residences across the Middle East and North Africa by 2010. Under a Memorandum of Understanding (MOU) signed last254 words
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426 2006-05-01 7 JURENA CHAN - MD: great growth potential as F&B market expands By JURENA CHAN China's largest producer of corn sweetener, Luzhou Bio-Chem Technology, is adding more lines and expanding its output to cater to the rapidly-growing food and beverage(F&B) market there The Shandong-head-quartered company,426 words
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Page 6 Advertisements
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Advertisement82 2006-05-01 6 The new name to remember for memory: KMA Infineon Memory Products becomes Qimonda. mm* f-y MOM mßtm mm OKESI v S^BBS^^BB^^^KBtBBBt WB^^Bgjjjj^gJ/Jfg Btß BBBK mMMMMM IBBMM jjIHV MBBBM Mm MUm lj| I fl fIH jm WML— We're concentrating on our core business integrated memory Qimonda stands for creativity* passion, speed82 words
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Page 7 Advertisements
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Advertisement111 2006-05-01 7 Offer Shares at each Offer SfaJjj 82,000,000 Placement Shares at 550.48 for payable in full on application. :y ;,v gj B I Applications for the Offer Shares may on printed way of Electronic Applications referred to in th&£|HHpH|HHHHHjHH| Applications for the Placement Forms referred to in the Prospectus dated 25111 words
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SINGAPORE MARKETS
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Article, Illustration732 2006-05-01 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index is at a new all-time high and there's a General Election at the end of this week, so there's plenty of reason for optimism at least that's what it looks like at first732 words
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199 2006-05-01 8 CURRENCIES AFP [HONG KONG] Asian currencies rose against the dollar and the Japanese yen shot up to a three-month high last week, after finance chiefs called on China to ease controls on its currency. Japanese yen: The yen stood at 114.25AFP - 199 words
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Article2291 2006-05-01 8 Payment Ex Books Pay (ttil tot deee data BTelecom F U5Q115TA 21-% 264» 054% AAGrp y 066 054% 104% 224% ABKHIdgs f 075 034% 08-May 23-May AWHMjl S 0.W 034% JWjj J»j5 Action Asia 0.50 024% OS-May 174% Adunpik F OX 034% 064%1»4% Ad»hngr»wj O.U 21-Apr 26-Apr 054%2,291 words
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Article, Illustration1833 2006-05-01 8 Closing prices are in trading currencies, but absolute difference is in S$. Consensus No.of Forecast Mean Fri's I Consensus No.of Forecast Mean Fifs recommendation esti- EPS PC target price recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name This1,833 words
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Article, Illustration1397 2006-05-01 9 TEH HOOI LING - TEH HOOI LING Senior Correspondent After six straight weeks of gains, the UOB Sesdaq Index finally succumbed to profit-taking. The second board index fell 2.2 per cent, while the Straits Tunes Index edged up 0.3 per cent on the strength of bank stocks. In line with1,397 words
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Article, Illustration1231 2006-05-01 9 ROBERT HALILI - Purchase interests seen in Adampak, China Petrotech, MediaRing, Memtech and Advanced Modules, reports ROBERT HALILI INSIDE MARKETS ROBERT HALILI BUYING by directors and substantial shareholders rose while sales activity fell last week, based on filings on the Singapore Exchange from April 24 to1,231 words
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DINING OUT
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Article, Illustration1177 2006-05-01 10 NEW MENU Poppi #02-02 The Legends, 11 Canning Walk, Fort Canning. Tel: 6536-2677 THE dim sum-style Sunday brunch menu at modern Aussie eatery Poppi bite-sized versions of ala carte items is evidently so popular that chef Christopher Millar has recently come up with The Tasting Galleri,1,177 words
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Page 10 Advertisements
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Advertisement66 2006-05-01 10 fji i[ I j|ji lif Bj§ ■H|H Diners Club Card To apply, call 6416 0980 I A World of Exclusive Privileges Treats Diners Club |MBP WttKKm wwtcJiners.com.sg International' .—tmn I EL. vHHBP Devi Fusion An Indian Feast v Millenia Walk #01 -03/04/05, Tel: 6339 0415 15% off 'Clay Oven, Griddle66 words
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Advertisement32 2006-05-01 10 Riverside Indonesian Restaurant Riverside Point #01-04, Tel: 6535 0383 25% off a la carte dishes (not valid for drinks and beer) Only when you charge to your Diners Club Card. T&C Apply.32 words
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SINGAPORE NEWS
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330 2006-05-01 11 MICHELLE QUAH - Court also rejects its claim for further payments of commissions By MICHELLE QUAH A FORMER top agent of Prudential Assurance has lost its case against the insurance giant with Singapore's High Court dismissing its claims that Prudential had wrongfully terminated its contract. It330 words
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Article, Illustration429 2006-05-01 11 CHEN HUIFEN - By CHEN HUIFEN LOGISTICS giant TNT aims to get half of the world's medical devices makers on its books within 10 years as it gears up to chase the booming market. "In our opinion, the shipment needs of medical device and diagnostic products makers are429 words
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Article150 2006-05-01 11 DATE/ TIME EVENT VENUE 3 May ALB Workshop Series 2006 Intercontinental Hotel 9am Minimising Tax Maximising Returns in India 3 May Asia Seminar -Starting-Up: National Library 6pm Sources For Funding (Level- Board, Lee Kong Chian Basic) Building, Possibility Room 3-4 May The Lancet Asia Medical Suntec Singapore 8.30am150 words
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Article, Illustration477 2006-05-01 11 ALEXANDRA HO - It will boost growth of the property consultancy firm By ALEXANDRA HO INVESTMENT management will be a strong engine of growth for property consultancy CB Richard Ellis, as it looks at opening an investment management arm in Asia. The independently operated affiliate,477 words
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Page 11 Advertisements
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Advertisement94 2006-05-01 11 UNABLS TO Hoe He* P*U6TWATION ANY I ruirrHe*, 6ALLV fMALLmu&Neae coNee&aes JIFII vU I H h Ikimir I I BEENP&WN(=o*pAvei V■ V ■WS U I 1 11 I Hp HAVE YOU Tf*xep *1 iFWII weßvigzoNS? <&* >•'!• .if-- -•"*•< 4 1 v 1 ■vmL^jWtK./--4, r rfl v i f _7lJLLg^J»»_ftL**94 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration928 2006-05-01 12 SIM PING KHUAN, GRACE CHONG - SIM PING KHUAN and GRACE CHONG take you step-by-step through the process of establishing a business SIM PING KHUAN, GRACE CHONG ARE you looking to be the next Sim Wong Hoo of Creative, or perhaps George Quek of Bread Talk? With government and schools pushing more young people928 words
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Article, Illustration626 2006-05-01 12 KELVIN SAM - CAMPUS LIFE SMU undergraduate Jade Seah, the first runner-up of the Miss Singapore Universe contest, tells KELVIN SAM how she juggled between preparations for the exams and the beauty pageant KELVIN SAM THE past two weeks have been frantic for most undergraduates as final examinations626 words
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Page 12 Advertisements
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Advertisement251 2006-05-01 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. 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 have251 words
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ECONOMY WATCH
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496 2006-05-01 13 But Moscow was spared USTR's harshest piracy label, despite calls from the industry AFP Reuters [WASHINGTON] The US government on Friday turned up the heat on China for in-dustrial-scale piracy of American goods in an annual trade review that alsoAFP; Reuters - 496 words
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Article, Illustration610 2006-05-01 13 OBITUARY: JOHN KENNETH GALBRAITH LAT-WP [NEW YORK] John Kenneth Galbraith, a longtime professor of economics whose best-selling books challenged the idea that a surging economy was a measure of social excellence and instead urged government to divert more of the nation's wealth to social needs,LAT-WP; AP FILE PHOTO - 610 words
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Article3125 2006-05-01 13 Transaction date: Apr2B For a full listing of the closing prices, log onto BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG vol 0.41 ocn 218 uirc '000 Dynamic Global .0.04 unch 0 Easyknit .0.16 0.01 ***** Aeon Credit 6.60 0.10 60 EcoTek 0.28 unch 3503,125 words
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207 2006-05-01 13 AP [DOHA] Qatar has frozen bilateral free trade talks with the US, saying that Washington was imposing preconditions that were not in Doha's interest, the A/ Sharq daily reported on Saturday. "In time we would be happy to go back to theAP - 207 words
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382 2006-05-01 13 Reuters [BEIJING] China recorded a current account surplus of US$l6O.B billion last year, up 133 per cent from US$69 billion in 2004, and said it would remain "relatively big" this year. The surplus amounted to 7.2 per cent of gross domestic product,Reuters - 382 words
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237 2006-05-01 13 Reuters [WASHINGTON] Foreign holdings of US securities rose by 14 per cent in the 12 months to June 2005, US Treasury data showed on Friday. Preliminary findings of this annual survey by the Treasury and the Federal Reserve of foreign portfolio holdings showedReuters - 237 words
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REGION
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389 2006-05-01 14 US$3.8b purchase is biggest one-off foreign investment in financial sector Reuters [BEIJING] China's biggest bank, the Industrial and Commercial Bank of China (ICBC), has sold a 9 per cent strategic stake to a consortium led by Goldman Sachs for US$3.B billion, the ChineseReuters - 389 words
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Article, Illustration677 2006-05-01 14 S JAYASANKARAN - MALAYSIA INSIGHT It's a fund manager, and shouldn't aspire to manage firms S JAYASANKARAN KL Correspondent LAST week, state fund manager Permodalan Nasional Berhad (PNB) offered one billion units of its popular unit trust scheme, usually reserved for ethnic Malays, lo all677 words
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Article, Illustration395 2006-05-01 14 It says it lost that amount in overseas lawsuits against it [KUALA LUMPUR] Celcom (Malaysia) Bhd, the mobile arm of Telekom Malaysia Bhd, is suing nine former directors, including Tajudin Ramli, to recover some RMBBO million (*****.4 million) that it lost in aNSTP FILE PHOTO - 395 words
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Article, Illustration369 2006-05-01 14 D'Long head gets 8½ years, fined 800,000 yuan Reuters [BEIJING] The executive behind one of China's most spectacular corporate scandals has been jailed for eight-and-a-half years, Chinese media reported yesterday. The former president of the collapsed D'Lbng group, Tang Wanxin, received the sentence lastReuters; AP - 369 words
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178 2006-05-01 14 AFP [BEIJING] China's massive government-controlled pension fund has been given the green light to invest part of its money in overseas markets, state media reported yesterday. The State Security Fund, which has assets valued at 201 billion yuan (5539.7 billion), can startAFP - 178 words
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514 2006-05-01 14 Reuters [MUMBAI] India's largest private-sector lender. ICICI Bank, beat forecasts by posting a 28 per cent jump in its quarterly net profit, but said its retail loans growth rate could slow. The bank, which had relied on retail loans forReuters - 514 words
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Page 14 Advertisements
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Advertisement24 2006-05-01 14 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. MATsW NOTICES24 words
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WORLD
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464 2006-05-01 15 Cooperation promised if Security Council avoided AFP AP Bloomberg [TEHRAN] Iran battled yesterday to head off international action after it refused to halt its disputed nuclear drive, promising "maximum cooperation" if Tehran manages to avoid the UN Security Council. Foreign ministry spokesman HamidAFP; AP; Bloomberg - 464 words
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396 2006-05-01 15 AP [WASHINGTON] President George W Bush has opposed taxing enormous oil industry profits and said that tax is not the way to calm Americans' anxieties about pain at the gas pump. He said his "inclination and instinct" areAP - 396 words
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520 2006-05-01 15 Bond futures or interest rate futures, and options from 2007 By OUR CORRESPONDENT in Bangkok IN ITS efforts to develop the country's capital markets, the Stock Exchange of Thailand (SET) has started its first derivatives trading under a new unit called Thailand Futures520 words
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Article, Illustration59 2006-05-01 15 [VENlCE]American artist Jeff Koons showing his 'Balloon Dog (Magenta)' sculpture, outside the Palazzo Grassi exhibition building during the opening ceremony here last week. French luxury and retail empire magnate and art collector Francois Pinault recently acquired Palazzo Grassi. an elegant. 18th-century palace on the GrandAP - 59 words
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Article, Illustration434 2006-05-01 15 AP [DETROIT] General Motors Corp chairman and chief executive Rick Wagoner's compensation for last year was cut by almost half as the carmaker lost billions of dollars and its credit rating was slashed to junk status. According to a proxy statementAP; BLOOMBERG - 434 words
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352 2006-05-01 15 AP AFP Bloomberg [BANGKOK] Supporters of Thailand's embattled outgoing leader Thaksin Shinawatra said yesterday that he may consider running again for prime minister if the country's top judges nullify April 2 national elections and call a fresh ballot. Such a moveAP; AFP; Bloomberg - 352 words
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AVIATION
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Article, Illustration768 2006-05-01 16 Officials fear traffic jam over the city may drive travellers to other cities NYT INEW YORK] Worried about a looming traffic jam in the skies over New York City, aviation officials have begun studying ways that other airports some moreNYT; AP - 768 words
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370 2006-05-01 16 [LONDON] Macquarie, the Australian financial group, could offer financial backing to Spanish transport and infrastructure group Ferrovial, which has launched a hostile £8.75 billion (5524.9 billion) bid for BAA, the former British Airports Authority, the Observer reported yesterday. The Australians are370 words
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Article761 2006-05-01 16 CITY FLIGHT ETA FLIGHT ETD A***** 1855 Kwio MI566 1910 MI566 0905 AbuMnU ***** 1135 B3H SST1SS SSHSI5 g jjj8 Jl|i 12S5 OT4S SmtMi jLiii 1|| lil .g§§§ gjg "i«a ig« •angkok SB&fii AA6I9I ]595 J&ft! j|g Htlw fR*43 1505 TR94J 063S 6?0 CX7 2 330761 words
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172 2006-05-01 16 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's biggest airline, may sell US$3OO million of shares to domestic investors by August to fund buying planes, its first offering after an initial sale in February 2004. Jet expects to raise the moneyBloomberg - 172 words
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300 2006-05-01 16 IMPACT OF COSTLIER FUEL Routers [SHANGHAI] China's Hainan Airlines, partly owned by billionaire financier George Soros, saw its net profits fall 11.7 per cent for the first quarter as higher fuel prices squeezed margins. The Chinese carrier, based in the sun-drenched southern resortRouters - 300 words
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Article125 2006-05-01 16 Bloomberg [HONGKONG] Shanghai Airlines Co., a Chinese regional carrier, reported its first-quarter loss widened from a year earlier after jet fuel expenses increased. The net loss was 140.8 million yuan (5527.7 million) or 0.13 yuan a share, compared with a loss of 49.4 million yuan orBloomberg - 125 words
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Article231 2006-05-01 16 Bloomberg [BEIJING! China Eastern Airlines Corp, the nation's third-largest carrier, reported a loss for the second straight quarter on surging costs of fuel. The airline last Tuesday posted a net loss of 955.1 million yuan (*****.5 million) in the three months ended March 31, comparedBloomberg - 231 words
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Page 16 Miscellaneous
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Miscellaneous189 2006-05-01 16 CRYPTIC CROSSWORD 24 Don't destroy so much, we say it's rash (8) (8) YESTERDAY'S SOLUTION 25 SuS.leT 1,5 8 1 otogy, BOt. aDie. an g g Qeathful, 11 Antenna, 12 DOWN 14 Councillor in old cord skirt? (9) Eyelash. 13 Hurst, 15 Treadmill, 17 2 Given energy again ere death189 words
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SHIPPING
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Article, Illustration525 2006-05-01 17 Fuel surcharge to go up 9.1% in June to recover costs from customers Bloomberg [SINGAPORE] AP MoellerMaersk A/S, Neptune Orient Lines Ltd (NOL) and 13 of the biggest shipping lines that sail between Asia and Europe say they will raise aBloomberg; FILE PHOTO - 525 words
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586 2006-05-01 17 NYT [WASHINGTON] Executives from some of the nation's leading identity verification companies are pushing Congress to rescind a provision that they said could lead to a foreign-owned company handling sensitive personal records for as many as 750,000 port workers. The DepartmentNYT - 586 words
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Article282 2006-05-01 17 Apr 28 S* Vol CH Offshore 0.38 -0.01 1514 ChuanHup 0.34 -0.01 1177 Cosco Corporation 1.43 -0.01 ***** CWT Distribution 1.26 -0.02 68 Ezra Hldqs 2.70 -0.02 511 Freight Links 0.08 -0.01 2927 Grand Banks Yacht 0.85 -0.01 Java Holdings 1.41 0.03 1738 K1 Venture 0.40 -0.01 6947282 words
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237 2006-05-01 17 Bernama [KUALA LUMPUR] Asean ports should be prepared to keep pace with the infrastructure and resources required to support greater trade with China, or risk being left behind in capitalising on its prosperity. Maritime Institute of Malaysia (MIMA) research fellow Nazery KhalidBernama - 237 words
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239 2006-05-01 17 Reuters [HONG KONG] Hong Kongbased conglomerate Hutchison Whampoa Ltd is in talks to jointly build a container terminal worth nearly 2 billion yuan (***** million) in Zhanjiang city in southern China, a newspaper reported yesterday. Hutchison, the world's largest container terminal operator, isReuters - 239 words
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259 2006-05-01 17 Bloomberg [LONDON] PD Ports pic expects to spend about £300 million (SsB66 million) building the largest container-handling terminal in the north of England to tap demand from shippers who want to deliver goods there. Middlesbrough, England-based PD Ports said last Wednesday thatBloomberg - 259 words
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Article, Illustration337 2006-05-01 17 Bloomberg [HONG KONG] Shares of Dalian Port Co. operator of China's biggest crude oil terminal, rose 68 per cent on their first day of trading in Hong Kong on investor optimism that Chinese energy demand will boost earnings. The stockBloomberg; FILE PHOTO - 337 words
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260 2006-05-01 17 AFP [DHAKA] Bangladesh issued a temporary order last Saturday refusing to allow the scrapping of an oil tanker allegedly containing toxic materials after the vessel arrived in its waters. Alfaship. formerly named Alfa America, is one of 50 ships on international environmental groupAFP - 260 words
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162 2006-05-01 17 AP [LONDON] A locket that went down with the Titanic and a survivor's handwritten account of the 1912 disaster fetched tens of thousands of pounds at auction on Saturday. American passenger Helen Churchill Candee's 36-page description of the ship's sinking, which fetched £47,000AP - 162 words
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Article12465 2006-05-01 18 STRAITS TIMES INDEX STOCKS Stodi name Wt dote Change Stock name Wl Oo$e Change Stock name Wt Oose Change Allgreen 50c 0.32 1.500 +0.020 HyfluxSc 040 2.700 -0.050 STEngglOc 184 3.120 -0.040 Ascendasreit 1.09 2.280 -0.010 JMH US25c 400 2.99 18.100 -0.100 STATSChP25c 1.08 1.350 -0.050 BH.IntlUS20c 0.4112,465 words
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Article6574 2006-05-01 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy Syr Apr 28 Index Change Change Change Change Change Change World ln<to< Prettminaty 1031.8 -03 6.4 -02 3.9 -0.1 9.2 «EAfE Preliminary 1050.0 -0.7 7.9 -0.4 8.1 -03 13.7 Europe Prefaninaiy6,574 words
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Page 20 Advertisements
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Advertisement738 2006-05-01 20 MTKAHA RORO WMCI vßsa/vDY ramkkt) mcwnw) pkg «ot lo sm mt STRAITS ytmuK 07/ M IS JJ 27/ M 30/04 04/05 07/05 w/os STRAITS VEWTU«E Ot/M !S 3.2 11/05 15/05 11/05 21/05 23/05 Ismnsvamittovot is u 25/05 nm, 01/04 04/06 04/04 laustiaiiam Koto tmsna 1 wssa/voY ramppct) hbghum) lo ism738 words
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Page 21 Advertisements
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Advertisement1744 2006-05-01 21 WAN HAI NTERNATIONAL PIE LTD at NO: 1W*****00/T V?rA uiaia MUP#. TEL *****508 (14IMS) FAX:*****163 V\\N 1 WAN HAI I INFS S«rYtc»/»ook»gjDirectUm-(1800)*****200 lllllHll I ll"l I Pia TE: (03) 3346MU FU: OX U42J2H rw IR: (04) n*5W FU: lO€)77Hm JOH WL (07) 7510*23 FAX: (07J251W71 MIH: (031) J29M75 HUt (031)1,744 words
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BizIT
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Article, Illustration585 2006-05-01 24 ROLAND LIM - Region will be biggest market plus key source of innovation. ROLAND LIM reports ROLAND LIM BELKIN, a leading provider of connectivity solutions, computer peripherals and accessories, is betting big on Asia Pacific, predicting that the region will be both its largest market and a key585 words
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840 2006-05-01 24 DANIEL ANG - Convergence the era of technological revolution <you say> Never before in history has technology been such a key driver in change By DANIEL ANG CONVERGENCE is finally taking centre stage in this new economy with immense fundamental changes in the delivery of broadcast, cable and content delivery. Seen as the840 words
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312 2006-05-01 24 AP [SEATTLE] Microsoft Corp chairman Bill Gates told a ballroom full of US newspaper editors that he is developing "onscreen reader" software that will make reading news digitally a lot more like flipping through a paper. It was a well-timed pitch onAP - 312 words
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554 2006-05-01 24 WINSTON CHAI - By WINSTON CHAI AS other countries ramp up efforts to drive Internet and wireless adoption, mature markets like Singapore have slipped in an annual ranking of the world's most technology-sawy nations. Singapore, which took 11th spot last year, dropped two places to554 words
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<what's up>
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Article, Illustration61 2006-05-01 24 CONTACT centre technology provider Aspect Software has appointed Siva Subramaniam as the vice-president of business development and marketing for its Asia-Pacific and Middle East operations. The company said the new appointment is part of its expansion effort in the region. Based in Singapore, Mr Subramaniam61 words
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Article58 2006-05-01 24 COMMUNICATIONS equipment maker Polycom has announced the appointment of Hansjoerg C Wagner as its vice-president and managing director for the Asia-Pacific region. The company also promoted Leo Cortjens, who previously held the position of acting vice-president for Polycom Asia-Pacific, to the newly-created role of vice-president for58 words
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69 2006-05-01 24 STORAGE networking specialist McData will be holding its global data management conference in Singapore on May 9. To be staged at the Marriott Hotel, the event will provide IT managers with insights on how to improve their storage environment and data management processes69 words
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Article98 2006-05-01 24 GERMAN software maker Software AG will be introducing its new Crossvision suite of products in Singapore on May 16 at the Raffles Hotel. The offering is designed to help companies move towards a service-oriented architecture (SOA), touted as a highly-flexible and adaptable way of designing98 words
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75 2006-05-01 24 SINGAPORE-BASED IT services giant NCS has sealed a $60 million outsourcing deal with local authorities. Under the five-year pact, which comes with an option for extension, NCS will provide an application hosting platform which serves more than 80 agencies in the public sector. By75 words
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91 2006-05-01 24 DIGISAFE, a subsidiary of Singapore Electronics, has launched a new device which promises to safeguard all the information residing on a desktop computer. Called Desk Crypt, the gadget sits between the motherboard's IDE connector and the disk drive. Once in place, the device will91 words
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91 2006-05-01 24 WINSTON CHAI - Compiled by WINSTON CHAI JAPANESE consumer electronics maker Panasonic has unveiled its latest line of notebooks that can better withstand the rough and tumble of harsh working environments. The firm's Toughbooks CF-W4, CF-T4 and CF-Y4 can resist up to 100 kg of force, even on91 words
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Advertisement18 2006-05-01 24 Australia and Hong Kong were the only two countries in Asia to make the ElU's top 10 list.18 words
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