The Business Times, 2 May 2006
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2006-05-02
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The Business Times
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Title Section16 2006-05-02 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mica (P) 099/03/2006 Tuesday, May 2,200616 words
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677 2006-05-02 1 CHUANG PECK MING - He urges voters to send the right signal as political risks will count in Shell, ExxonMobil's decisions By CHUANG PECK MING [SINGAPORE] At least two multi-billion dollar oil projects are at stake in this general election, according to Prime Minister Lee Hsien677 words
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868 2006-05-02 1 WONG WEI KONG - By WONG WEI KONG Compiled by BT .[SINGAPORE] The quarterly reporting season in Singapore has got off to a mixed start, with several key companies posting results that were below mai> ket expectations. Blue chips like Keppel Corp, Singapore Technologies Engineering (STE)Compiled by BT - 868 words
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Advertisement110 2006-05-02 1 Hi interview ELECTION '06 < r >V?.\;'i; -TjE" ;/K!V* Health services: Khaw Boon Wan won't rush into means-testing pg 4 Clear air on Gomez affair and move on, SM tells LowThia Khiang pg 4 Privatisation leads to rising costs: WP's Chia Ti Lik pg 4 SDA candidate calls for more110 words
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Advertisement14 2006-05-02 1 Hpropert%#||^ xrxM* i.+.t r»s *Av' n. r 4 'i/'*, v Redesigning the textile industry14 words
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Advertisement11 2006-05-02 1 WDONESIA I Markets shrug off workers' rallies k 2 ItW sy11 words
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TOP STORIES
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Article613 2006-05-02 2 NANDE KHIN, CHUANG PECK MING - What WP really wants is get union representatives out of Cabinet he says By NANDE KHIN, CHUANG PECK MING [SINGAPORE] Prime Minister Lee Hsien Loong yesterday defended the close ties between the ruling party and the National Trades Union Congress, pointing out that's how labour613 words
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Article, Illustration618 2006-05-02 2 SHOEB KAGDA - Government looks to have handled situation well By SHOEB KAGDA in Jakarta INDONESIA'S financial markets yesterday shrugged off large worker rallies across the nation with both the benchmark Jakarta Composite Index (JCI) and the rupiah posting strong gains. Market watchers toldAP; Source: Bloomberg - 618 words
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Article463 2006-05-02 2 PM Lee strongly defends PAP-NTUCties PRIME Minister Lee Hsien Loong has strongly defended the close ties between the government and the NTUC, in reply to criticism by the Workers' Party. Speaking at the NTUC May Day rally, he said that their link helped make Singapore special and successful.463 words
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Advertisement145 2006-05-02 2 -fe r {$fl!fflßif|l 'm, '»> 93 IS3B*® g Z.- <»i/-> HH HjK| x L _._jBBBBBBBBBBHMj^HB^^»^Bi.~. J... .-j t £B€L THE ARCHITECTS OF TIME THE ARCHITECT SERIES Ebel proudly honors the legacy of Oscar Niemeyer and supports the vision of timeless architecture. Niter6i Contemporary Art Museum, 1996. Niterdi, Brazil. NGEE ANN145 words
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Advertisement17 2006-05-02 2 people r r ®t u "T includes Fortune 500 companies. Www k com Asia Pacific Executive Search17 words
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Advertisement521 2006-05-02 3 HHVANGOGH f/v, vr*^*j^jj• -^ffaSf 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 believe in opening new accounts. We believe in starting new relationships. Our distinctive approach is521 words
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GENERAL ELECTION 2006
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Article, Illustration506 2006-05-02 4 NANDE KHIN - Well-off gains most from scrapping GST on medicine, he says in reply to WP By NANDE KHIN HEALTH Minister Khaw Boon Wan said yesterday he will not rush into meanstesting for health services without proper consultation or analysis. He will take the "same open approach"JOYCE FANG/ST - 506 words
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725 2006-05-02 4 CONRAD TAN, DANIEL BUENAS - By CONRAD TAN, DANIEL BUENAS WORKERS' Party (WP) chief Low Thia Khiang should call a press conference to clear the air and end the James Gomez affair once and for all, Senior Minister Goh Chok Tong said last night.725 words
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Article, Illustration354 2006-05-02 4 UMA SHANKARI - By UMA SHANKARI SINGAPORE Democratic Party (SDP) candidate Chee Siok Chin said she will not apologise to Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew, although several members of her party have decided to do so. Ms Chee, together withALBERT SIM/ST - 354 words
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650 2006-05-02 4 MATTHEW PHAN - He calls for basic services to be renationalised By MATTHEW PHAN Source: Singapore Police Force PUTTING the provision of essential services into private hands has led to rising costs in areas like transport, healthcare, housing and education, and taking them back into stateSource: Singapore Police Force - 650 words
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361 2006-05-02 4 OH BOON PING - By OH BOON PING OPPOSITION candidate Vincent Yeo yesterday called for more information about the government's external investments and for details on how they are performing. "We want a greater transparency on how our national resources are used and how our361 words
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COMPANY NEWS
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679 2006-05-02 5 LESLIE YEE - HOCK LOCK SIEW By LESLIE YEE DBS Group made headlines in the first quarter with news of its unsuccessful bid for a majority stake in Korea Exchange Bank, and the heavy $1.13 billion impairment charge it took for its Hong Kong operations. Of679 words
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343 2006-05-02 5 LESLIE YEE - IPO WATCH By LESLIE YEE GALLANT Venture, an investment holding company, expects to get listed on Sesdaq around June 6, according to its prospectus registered with the Monetary Authority of Singapore on Friday. But prior to the listing, major shareholder Parallax343 words
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Article, Illustration149 2006-05-02 5 NATURAL Cool Holdings, an air.-conditioning and switchgear specialist, yesterday offered 22 million new shares at 20 cents each to raise $3.2 million in net proceeds from its initial public offer. Only one million shares in the offer, managed by Prime Partners Corporate FinanceFILE PHOTO - 149 words
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495 2006-05-02 7 SIOW LI SEN - Developments could lift investors' dividend expectations By SIOW LI SEN SINGAPORE Telecommunications, set to report its fourth-quarter results for the financial year ended March 31, 2006 on Thursday, has received two earnings boosters. One is a windfall tax credit of $150 million and the495 words
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Article200 2006-05-02 7 Bloomberg [NEW DELHI] Bharti TeleVentures Ltd, India's biggest mobile-phone company, said fourth-quarter profit rose 49 per cent, beating expectations as low rates and affordable handsets attracted record subscribers. Net income increased to 6.82 billion rupees (Ss24o million) in the three months ended March 31 fromBloomberg - 200 words
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193 2006-05-02 7 SINGAPORE Technologies Engineering has entered into an agreement to acquire BR Lee Industries of the US at an enterprise value of US$l29 million. BR Lee is a leader in the road construction and maintenance equipment market. It is the leading original equipment193 words
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351 2006-05-02 7 Reuters SEMBCORP Marine Ltd, the world's second-biggest builder of offshore oil rigs, is expected to post a 73 per cent jump in first-quarter profit tomorrow, thanks to robust demand for rigs, ship conversions and repairs. As oil prices set record highsReuters - 351 words
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175 2006-05-02 7 HOTUNG Investment Holdings has rebounded strongly into the black, with a net profit of NT5165.3 million (SsB.2 million) for the first quarter ended March 31. This compares with a net loss of NT5162.7 million for the corresponding period last year. Improved performance175 words
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531 2006-05-02 7 AGM WATCH They want more say in pay practices and director elections NYT [NEW YORK] Annual shareholder meetings in the United States are typically dull, scripted affairs. But as executives and directors of public companies step into the spotlight at this year's gatherings, someNYT - 531 words
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266 2006-05-02 7 MJMBfR GL09NG GROSS MMUVTY YEAR RAISED COUPON AMOUNI WItREST Of DAYS Of PRWS* HEttMPDON ISMCOtt Ml i RATE (Jm> PttMBtf ACCRUED tXdUONG YKID J QWB INTEREST ACCRUED NTT RE ST) 01.08.2006 N*****1F 2004 1 3#_ 2600.00 1/2 1/8 86 99.60266 words
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Advertisement139 2006-05-02 5 t 1 Get Results With Oracle Applications V' 1 J •'l 1 1 I' 1 v i' II It til I.Vl! i CiilJ Jill) K-i (I .(li '.i 7 y/'-W: :>• vK i J U.1..1H i -li i "> t«: I !>'»;•/ >■ .'.wi--* i 'It I) < 'i (,-•<.-tr<»139 words
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Advertisement183 2006-05-02 6 I I *f. > *y y y> y jr* X/>V*y y/s// Vli^Vv^^Vy^^V i /%vCr//X' yyy y✓* y fyy v'--vv^^v>v<>v£v^^ -'Y- y y j?yy*.yy'* y sy^^y A yy]^_jr^yZyy jp yy s*s- y s A y y a* ya' j*t yyy y y yy*• y yy y .y y*■ j* -<■ w183 words
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Advertisement5 2006-05-02 7 —■■—af fc 1 I'f'T'Tf^lrHiniry*** i5 words
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SINGAPORE NEWS
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Article, Illustration581 2006-05-02 8 MICHELLE QUAH - Recent expansion provides int'l footprint to achieve goal By MICHELLE QUAH FRESH from taking over the Asian offices of rival Coudert Brothers last year, international law firm DLA Piper Rudnick Gray Cary has set itself the ambitious581 words
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151 2006-05-02 8 A TOTAL of 2.13 million Singaporeans have signed up to receive their Progress Package on May 1, the Ministry of Finance said in a statement yesterday. Ninety-five per cent of those who signed up will have their Progress Package credited directly into their151 words
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680 2006-05-02 8 WONG WEI KONG - Unlike ABN Amro, it sees Brazil as the losing finalist By WONG WEI KONG BANKERS like to score goals too. Following ABN Amro's special World Cup report several weeks back, Swiss bank ÜBS has come up with its own guide to the680 words
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SMEspotlight
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Article, Illustration1053 2006-05-02 9 GRACE CHONG - GRACE CHONG looks at the initiatives launched by the government to help the S'pore garment industry adapt to the changing, and increasingly competitive environment GRACE CHONG FORGET what you have learned over the years about the textiles business, everything is changing so fast. But this needFILE PHOTO - 1,053 words
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Article328 2006-05-02 10 By TEH HOOI LING WIDESPREAD profit-taking in the market last week took its toll on our small cap portfolio. There were only four gainers compared with 15 losers in the portfolio. Overall, the losses were pretty well contained, with the portfolio slipping by only 1.1 per cent.328 words
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Article, Illustration905 2006-05-02 10 NANDE KHIN - SMALL CAPS Leslie Loh, founder and CEO of System Access, is confident the new marketing strategy will pay off. NANDE KHIN reports NANDE KHIN BANKING software company System Access is modifying its sales approach so it can increase its business presence in certain territories.YEN MENG JIIN - 905 words
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Article, Illustration1109 2006-05-02 11 ERNEST KAN - ERNEST KAN looks at some common accounting-related issues an IPO aspirant should consider ERNEST KAN GOING public is a monumental decision for any company. The actual process of a company flotation, or initial public offering (IPO), can be time-consuming, expensive and take a1,109 words
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589 2006-05-02 12 ANTHONY ROWLEY - Hyderabad meeting set to take new approach towards poverty reduction By ANTHONY ROWLEY in Tokyo ECONOMIC development in Asia will be approached from new angles this week when some 2,500 government officials, bankers, businessmen and others from across and beyond the region descend589 words
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Article, Illustration482 2006-05-02 12 High energy costs push up consumer price index by 6% Reuters AFP [BANGKOK] Thailand's annual consumer price inflation accelerated unexpectedly in April, the Commerce Ministry said yesterday, putting more pressure on the central bank to raise interest rates yet again. TheReuters; AFP - 482 words
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388 2006-05-02 12 Reuters [JAKARTA] Indonesia's annual inflation eased in April on a firm rupiah and healthy harvest, data showed yesterday, but analysts had mixed opinion on whether the central bank will lower interest rates to boost the economy. The statistics bureau said annualReuters - 388 words
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Advertisement534 2006-05-02 10 SMART International Property Expo SINGAPORE 3ifi1111 AimmiAiirnr^Brirjc%5 PSK i 1630-17:00,6May2006 I I I >'M 1 lf| Sill fa I Chua Yang Uang I I Assocefe Dir&ctor, Head of Reseervh I j Jones Lang tasane MflHttl Singapore Real Estate Investment Mar*et THAILAND S v B9BT1 13 30-1400,6 May 2006 15:45-16:15,7 May534 words
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Page 11 Advertisements
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Advertisement135 2006-05-02 11 can assist you with offshore British Virgin islands Cayman Bahamas Mauritius Hongkong 1 I■' Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please contact: Angela Nicolson or Marie Lim OFFSHORE135 words
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Advertisement134 2006-05-02 11 Ability Matters. Not Age. -J ;.'b -ir >r r I v tj;,. .fC'J "Thanks to Job rotation can working and doni need to worry about my < v Veo Chai Hoon, 48 m Engineering Assistant M W The advantage is yours Murata gains the advantage by recognising that the ability134 words
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Advertisement74 2006-05-02 12 I I p I II I J 1 pp a 1 'T'flilllW^TlMw« lg fIB I r M I I I II IHI I I I H |H ®jm IJB I M IT+i J"f V ■HliK' -"y^, >•v K|fl |«oHp| f ~^^3^MBB^^jHM|^|^^MMBMMM^g 1 v v v ;..,v./" r Jp" s?sk r^^S'--f74 words
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MALAYSIA/INDONESIA
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Article, Illustration632 2006-05-02 13 Long-term strategy to develop fields and meet growing energy demand [KUALA LUMPUR] Oil giant Shell, buoyed by the current spike in oil prices, is putting aside at least RM2 billion (SsB72 million) a year to grow its business in Malaysia, Malaysia's BusinessAFP - 632 words
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277 2006-05-02 13 Bernama [PENANG] Four Chinese nationals were killed while a Singaporean and a Filipino were injured in an explosion on a supertanker in Indonesian waters, 215 nautical miles west of Penang, yesterday. Northern Region marine police chief ACP Zainul Abidin Hasan saidBernama - 277 words
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439 2006-05-02 13 [KUALA LUMPUR] The cost of fuel and metals used for power supply equipment has gone through the roof since Tenaga Nasional Bhd (TNB) last raised its tariffs in 1997 by 8.3 per cent, Malaysia's Business Times reported yesterday. The company's debt,439 words
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Article, Illustration615 2006-05-02 13 SHOEB KAGDA - INDONESIA INSIGHT To prevent them falling prey to extremists, Jakarta must ensure strong economic growth SHOEB KAGDA Jakarta Correspondent FOLLOWING the recent street protests against the Indonesian edition of Playboy magazine, which were followed by the announcement that it might fold after just one issue,615 words
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Page 13 Advertisements
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Advertisement121 2006-05-02 13 The <Essence of Nelson New Zeafand I Riesling Ice Wine Pinot Gris Pinot Noir Chardonnay BiSM| Late Harvest > H|H Cabernet Merlot Gewurztraminer LjSjy Sauvignon Blanc c z£>e/ C Viqne/ 40 Holland Grove Rd. Tel: *****053 Diners Club Card r.^4,^*****980 B A World of Exclusive Privileges Treats /||k Diners Club121 words
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Advertisement123 2006-05-02 13 I I 111 111 ll'llll 1 1 X Pgg 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's rin Soup with Crabmeat. Shredded Pork with Garlic 8c Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Lunch:123 words
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GREATER CHINA
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426 2006-05-02 14 Construction speed and price help them win bid for coal-fired stations [SHANGHAl] Four major Chinese manufacturers of power equipment will sign a deal in August worth more than US$7 billion with Indonesia, in the industry's biggest overseas contract, offering a speed and426 words
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403 2006-05-02 14 Bloomberg [BEIJING] China has proposed criteria that companies need to fill in order to sell shares for the first time to domestic investors, moving a step closer to ending a year-long ban on equity offerings. The China Securities Regulatory Commission will waive someBloomberg - 403 words
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Article, Illustration254 2006-05-02 14 AP [HONG KONG] Time magazine has included Taiwanese director Ang Lee on its list of 100 people who are shaping the world. An essay on the magazine's website says that Mr Lee, recent winner of the Oscar forAP - 254 words
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Article, Illustration652 2006-05-02 14 JEREMY HUREWITZ - CHINA INSIGHT JEREMY HUREWITZ FOR MANY, a trip to Shanghai is incomplete without a visit to Xiangyang market, located in the heart of the city's fabled former French Concession. Shoppers can browse through a labyrinth of stalls full of high-quality knock-offs of the world's most famous652 words
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248 2006-05-02 14 Reuters [BEIJING] Foreign fund managers investing outside China on behalf of the country's US$25 billion National Social Security Fund must have at least US$5 billion in capital and a credit rating of "A" for the past three years, the fund said. The welfareReuters - 248 words
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BRIEFLY ASIA
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84 2006-05-02 14 Bloomberg INEW DELHI] Reliance Communications Ventures Ltd, India's second-largest mobile-phone service provider, will be added to India's benchmark Sensitive Index, starting June 12. It will replace Tata Power Ltd in the Mumbai Stock Exchange's 30-share index. Bajaj Hindustan Ltd, Balrampur Chini MillsBloomberg - 84 words
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Article37 2006-05-02 14 Bloomberg [KATHMANDU] Nepal's Parliament on Sunday voted to hold elections for a new assembly that will draft a Constitution to reduce the power of the monarchy in the Himalayan nation. —BloombergBloomberg - 37 words
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57 2006-05-02 14 AP [HONG KONG] Ports-to-property conglomerate Wharf Holdings Ltd says it plans to get a boost from China's booming economy while keeping its solid foothold in Hong Kong. The company expects revenue to start flowing in from Chinese property and port operations after 2007AP - 57 words
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Article73 2006-05-02 14 Reuters [BEIJING] China's official purchasing managers' index for April jumped to a 15-month high, underscoring broad-based economic strength that prompted the central bank to raise interest rates last week. The index, designed to give a timely snapshot of the industrial sector, rose to 58.1Reuters - 73 words
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73 2006-05-02 14 Reuters [SHANGHAI] Pudong Bank, part-owned by Citigroup Inc, posted on Saturday a 29 per cent rise in first-quarter net profit, helped by its network expansion and strong loan growth. Pudong Development Bank Co Ltd, China's third most valuable lender, said it earnedReuters - 73 words
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Article41 2006-05-02 14 Reuters [SHANGHAI] Baosteel, China's top steel maker, reported a 55.4 per cent fall in first-quarter earnings on Saturday, its worst performance in 14 quarters, as high iron ore costs and low steel prices eroded margins. —ReutersReuters - 41 words
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55 2006-05-02 14 [TAIPEI] Hon Hai Precision Industry Co, Taiwan's largest electronics exporter, had a 56 per cent increase in fourth-quarter profit as sales grew by 72 per cent. Net income for the three months ended Dec 31 rose to NT$l3.4 billion (*****.8 million) from NT$B.655 words
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62 2006-05-02 14 Bloomberg Bloomberg [BEIJING] China Guangdong Nuclear Power Holding Co agreed to tap the Agricultural Bank of China for loans of as much as 60 billion yuan (Ssl 1.8 billion) for nuclear expansion projects over the next five years. The bank will also provideBloomberg - 62 words
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Advertisement715 2006-05-02 14 Asian Currencies Guaranteed Fund and Smart Set Guaranteed Fund: Sub-funds of Palladium TVust Restructuring by Dexia Banque Internationale k Luxembourg Change In Custody and Administration Dexia Banque Internationale Luxembourg ("Dexia BlL">currentty acts as the Custodian, Administration Agent and Guarantee Claims Agent of Palladium Trust (the "Fund"). In addition, RBC Dexia715 words
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INDIA
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804 2006-05-02 15 So far this year, 47 takeovers valued at about US$2.2b have been made [MUMBAI] Corporate India, for decades happy to stick close to home and protect its market from foreign incursions, has embarked on an overseas shopping spree, snapping up dozens of small804 words
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Article, Illustration775 2006-05-02 15 Mittal Steel CEO talks about the challenges posed by the rapid changes in the steel industry worldwide NYT LAKSHMI N Mittal, the 55-year-old chief executive of the world's largest steel company, Mittal Steel, has been trying since January to acquire his nextlargest rival, Arcelor, in anNYT; AFP FILE PHOTO - 775 words
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537 2006-05-02 15 SIDDHARTH SRIVASTAVA - Rapid rise sparks fears India might lose cost advantage By SIDDHARTH SRIVASTAVA RECENT reports show the rise in Indian salaries as among the world's most rapid which is good for employees, if not their bosses. The pay rises reflect a shortfall in537 words
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274 2006-05-02 15 [MUMBAI] Months after acquiring Adlabs Films, the Reliance-Anil Dhirubhai Ambani Group (R-ADAG) is floating a new film distribution company, Reliance Films, the Business Standard reported on Saturday. I While Adlabs Films is into overseas distribution of films, the new company will tap274 words
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Page 15 Advertisements
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Advertisement21 2006-05-02 15 Holding an auction? Call 1800 289 8822 or email notiees@sph.eom.sg to book your auction notice in our newspapers now.' NOTICES 521 words
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ASIA-PACIFIC/WORLD
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511 2006-05-02 16 NEIL BEHRMANN - Dealings by pension funds grow at faster pace than hedge funds By NEIL BEHRMANN in London THE latest down wave in the US dollar is blamed on the increasing role in foreign exchange trading by traditional institutions such as pension funds. The511 words
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323 2006-05-02 16 Bloomberg [WASHINGTON] The United States must concentrate on cutting its demand for oil, top White House officials said in separate interviews on Sunday. Energy Secretary Samuel Bodman acknowledged that petrol at US$3 a gallon or more in many regions ofBloomberg - 323 words
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369 2006-05-02 16 LATEST US DATA AP Reuters [WASHINGTON] Builders boosted spending on construction projects to an all-time high in March and consumers opened their wallets wider during the month, fresh signs that the US economy has snapped out of its end-of-year fiink. The US Commerce DepartmentAP; Reuters - 369 words
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257 2006-05-02 16 Reuters [RIYADHI Saudi state-con-trolled petrochemical giant Sabic signed a deal on Sunday to establish a 12 billion riyal (555.06 billion) petrochemical firm and said it planned to offer a 45 per cent stake to the public. In a statement posted on theReuters - 257 words
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WORLD WATCH
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Article131 2006-05-02 16 Reuters [DUBAI] Kingdom Hotel Investments (KHI), a Dubai-based hotel group, announced its first foray into Asia yesterday with a US$9B.5 million purchase of a hotel in Thailand. KHI, chaired by Saudi billionaire Prince Alwaleed bin Talal, said it purchased the Karon Beach Hotel Phuket fromReuters - 131 words
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Article72 2006-05-02 16 Bloomberg [SAN JOSE, California] Worldwide semiconductor sales rose 7.3 per cent in the first quarter from a year earlier as more people bought cellular phones, the Semiconductor Industry Association said. First-quarter global sales climbed to US$59.l billion from US$55.l billion a year earlier.Bloomberg - 72 words
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Article163 2006-05-02 16 AFP [RIYADH] Saudi King Abdullah ordered petrol prices in the oil-rich kingdom slashed by more than 30 per cent on Sunday, according to a copy of the decree carried by the SPA news agency. "In order to improve the living standards of citizens and forAFP - 163 words
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Article51 2006-05-02 16 Reuters [NEW YORK] Motorola Inc yesterday said its board had approved a 25 per cent increase in its quarterly dividend due to improved cash flow at the company. Motorola's dividend will increase to five cents per share from four cents, payable July 15, the company said.Reuters - 51 words
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Article129 2006-05-02 16 Bloomberg [NEW YORK] Boeing Co, the world's No 2 commercial-jet maker, agreed to buy aeroplane-parts distributor Aviall Inc for about US$l.7 billion, expanding in a market that is growing more than twice as fast as Boeing's aircraft unit. Aviall shareholders will receive US$4B a share, Chicago-basedBloomberg - 129 words
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Page 16 Advertisements
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Advertisement1708 2006-05-02 16 Inchcap* Shipping Services (Singapore) Pte Ltd Company Registration No: *****0042E NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76( 10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of Inchcape Shipping Services (Singapore) Pte Lid (the "Company") deemed1,708 words
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Advertisement208 2006-05-02 16 ■Km ni|||BH ■r ■■k >' >J. 1 J;f «j^\ j'-> 4» t i ,<;.' In conjunction with the New Zealand Festival, Chris Bell, Executive Chef of Millennium Hotel Rotorua, returns Main to offer an unrivalled dining experience by presenting unique New Zealand dishes at Caft Brio's. Savour the flavours of208 words
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WORLD
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759 2006-05-02 17 Commercial banks taking lion's share of M&As deals from securities firms Bloomberg [NEW YORK] The securities industry's nightmare of one-stop-shop banks doing everything from loans to bond and stock sales to takeover advice is laying waste to one of Wall Street'sBloomberg - 759 words
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552 2006-05-02 17 Firms expected to sell US$700b of debt: analysts Bloomberg (NEW YORK] US companies may sell more debt than ever this year as the economy expands, the Federal Reserve signals it may stop raising interest rates and more than US$6OO billion ofBloomberg - 552 words
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603 2006-05-02 17 It says setting the default to MSN in browser limits consumer choice NYT [NEW YORK] With a US$lO billion advertising market at stake, Google is raising objections to the way that it says Microsoft, the incumbent powerhouse of computing, is wielding control over InternetNYT - 603 words
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Article, Illustration449 2006-05-02 17 Bloomberg [NEW YORK] World Trade Organisation (VyTO) negotiators are seeking to rescue a global accord by setting a six-week timetable to cut import duties on commodities and industrial goods ranging from corn and computers to cars. Admitting the WTO's 14£ govern? ments would missBloomberg; AFP - 449 words
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372 2006-05-02 17 AFP [LOS ANGELES] The US yesterday braced itself for a nationwide strike and business boycott organised by illegal immigrants and their supporters. The "Day Without Immigrants" strike is to press Congress to push through immigration reform that would legalise the presence of anAFP - 372 words
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Page 17 Advertisements
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Advertisement435 2006-05-02 17 :*at^ NOTICES BUV IT sen IT f NO IT LEE METAL GROUP LTD. Registration No. *****5439 C NOTICE OF BOOKS CLOSURE DATE AND DIVIDEND PAYMENT DATE In the announcement made by Lee Metal Group Ltd. on 25 April 2006 (Announcement No. *****), the Board of Directors of the Company had435 words
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AVIATION/TRANSPORT
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Article, Illustration632 2006-05-02 18 VEN SREENIVASAN - Many roped in by airlines, airports, ground services specialists and training centres By VEN SREENIVASAN [SINGAPOBE] The Singapore brand name seems to carry quite a premium on the global aviation market as an increasing number of individuals from Singapore are being head-hunted632 words
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347 2006-05-02 18 Train developed by a research team at Chengdu university AP [BEIJING] China has successfully tested a locally made magnetic levitation train, the first time the country has achieved the feat without using foreign technology, the official Xinhua News Agency said yesterday. The 18AP - 347 words
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Article, Illustration515 2006-05-02 18 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's biggest domestic airline, said it may exercise options to buy 20 planes from Airbus SAS and Boeing Co as it adds overseas routes. The order, valued at US$4.2 billion, is forBloomberg; FILE PHOTO - 515 words
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258 2006-05-02 18 Bloomberg [HONG KONG] China Southern Airlines Co, the country's second-biggest carrier, hired BNP Paribas SA, Calyon and Societe Generale for a loan of about US$45O million to pay for 13 single-aisle aircraft, bankers involved iii the deal said. The nine A320-200s andBloomberg - 258 words
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Article1123 2006-05-02 18 an man «ta marr m> gg 1 riTwkfud jS AftAortat MM hn 9* f IC95B Hugfcoii (>957 010? "***** "0720 l 4 T! ffl MM Jill JI IS iu I® 18« w *V!y wl? ?Q5o is j i J KBB ms Qi!5 *0255 MC5 Mwufcwl PK8961,123 words
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Page 18 Miscellaneous
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Miscellaneous163 2006-05-02 18 CRYPTIC CROSSWORD DOWN 2 Go further but not in race (6) (9) YESTERDAY'S SOLUTION 3 The next day in Cadiz (6) 6 Notice manner of speech on Across: 1 Crimea, 5 Clannish, 9 4 Trail a twisted noose (6) drug dependence (9) Sheraton, 10 Atoner, 11 Sagamore, 5 Suddenly feeling163 words
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SHIPPING
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774 2006-05-02 19 JUAN SOMAVIA - Call to ratify pioneering int'l instrument that benefits all By JUAN SOMAVIA [GENEVA] When the International Labour Organisation adopted "Bill of rights" for the world's maritime workers this February, all concerned governments, seafarers and shipowners hailed this new labour standard as774 words
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253 2006-05-02 19 Bloomberg [SINGAPORE] Hyundai Heavy Industries Co, the world's largest shipbuilder, and South Korean shipyards may raise prices as the increasing value of the Korean won cuts profit on vessels built for export, shipbroker Clarkson pic said. South Korean shipbuilders payBloomberg - 253 words
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282 2006-05-02 19 TANKER MARKETS Bloomberg [SINGAPORE] The cost of shipping petrol, jet fuel and other so-called clean petroleum products rose in Asia for a third week because of demand from Japan. The rate to ship a 30,000 tonne cargo on the benchmark route fromBloomberg - 282 words
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Page 19 Advertisements
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Advertisement251 2006-05-02 19 INFORMAL RATE AGREEMENT (IRA) FAR EAST MIDDLE EAST TRADE PEAK SEASON SURCHARGE FROM 15 MAY 2006 In view of the strong cargo volumee being witnessed in the Far East to Middle East trades and the need to meet customers demands for space and equipment, the member lines of the Informal251 words
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EDITORIAL & OPINION
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Article513 2006-05-02 20 EDITORIAL ACROSS Asia and Europe, workers turned out in force yesterday to mark May Day, a day set aside to celebrate the achievements of the labour movement But, as is apparent from the street rallies and protests in cities from Jakarta and Manila to Phnom513 words
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Article, Illustration1352 2006-05-02 20 YOGI AGGARWAL - They will try to maximise returns; in the process, the city's long-term needs may be sacrificed YOGI AGGARWAL Mumbai is at a crossroads. Its makeover is necessary and inevitable. Serious money is beginning to pour into ambitious projects. Yet the real danger isAFP - 1,352 words
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Article, Illustration773 2006-05-02 20 G PANICKER - THE BOTTOM LINE G PANICKER AT A time when America was complacent about energy, Brazil was doing something about it. For years US politicians debated energy legislation, which at the heart seeks to open up the Arctic National Wildlife Refuge to oil773 words
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Article, Illustration1087 2006-05-02 21 EDUARDO PORTER - US authorities should be worrying about what to do when the spigot is shut off By EDUARDO PORTER NYT IT'S often argued that foreigners funnel their money into the United States because it is a great investment. But for many countries, plowingNYT; AFP - 1,087 words
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544 2006-05-02 21 Sam Chong Keen - LETTERS TO THE EDITOR Sam Chong Keen CEO Xpress Holdings Ltd I REFER to the column, "Speculation driving Xpress" (BT, April 27). With regards to the comment that "nothing has happened at Xpress fundamentally to justify such a spike in its share price", I wish to544 words
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468 2006-05-02 21 Narayana Narayana Singapore - Narayana Narayana Singapore IN the tettir, "Nflffo stock options for m'depenJeTit mrectors" (BT, April 19), Mr Ang Hao Yao's opposition to the grant of stock options to independent directors raises the question of whether other directors deserve them either. If at all,468 words
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Article, Illustration626 2006-05-02 21 WILLIAM PESEK JR - WILLIAM PESEK JR Bloomberg MOMENTS after China's central bank shocked the world with a rate increase, Goldman Sachs Group Inc was telling clients that the surprise move may boost the economy, instead of slowing it. The central bank's governor, Zhou Xiaochuan, couldn'tBloomberg; BLOOMBERG - 626 words
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FOCUS: OIL
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Article, Illustration1651 2006-05-02 22 JAD MOUAWAD, HEATHER TIMMONS - Institutional investors are putting buying pressure on commodity markets, write JAD MOUAWAD and HEATHER TIMMONS JAD MOUAWAD, HEATHER TIMMONS NYT A GLOBAL economic boom, sharply higher demand, extraordinarily tight supplies, and domestic instability in many of the world's top oil producing countries in that environmentNYT; PHOTOS: BLOOMBERG - 1,651 words
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874 2006-05-02 22 AMITY SHLAES - By AMITY SHLAES Bloomberg WHO'S panicked by the thought of oil at US$lOO a barrel? George W Bush clearly. How else can one explain the president's decision, odd in a markets-oriented administration, to sic the Justice Department on oil companies. OneBloomberg - 874 words
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Article5956 2006-05-02 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ %dy Syr dy %yr dy %yr Apr 28 Index Change Change Change Change Change Change World Index Preliminaty 1031.8 -0.3 6.4 -0.2 3.9 -0.1 9.2 »EAFE Preliminary 1050.0 -0.7 7.9 -0.4 8.1 -0.3 13.7 Europe Preliminaty5,956 words
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Page 24 Advertisements
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Advertisement1233 2006-05-02 24 t /g\ NYK GROUP SOUTH ASIA PTE LTD .11 VrW A«M rw* Wf TEL 6295 0123 IV JL AxjMT Kgagg] ML 3Xm LINE Fax:6292 2856(Region^sales)/6239 7109(OPSy*****785(Documentation) W NIPPON YUSEN KAISHA TOKYO KWUCU UUSHA. UD. (C/R NO: **********0E) UK CONTINENT SERVICE U.B.A SERVICE Destination destination NASSAU PARADISE RDM/ATW/BMN/TIB/NAN TIAN SHAN HAI1,233 words
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Advertisement544 2006-05-02 24 yRn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com rasa wr imp hooht sm ij< map sav mi oif TAMfILANt AMU 3201 MM 6.4 M 06/05 31/05 09/06 13/06 17/06 IS/06 TAKO AMIS 4701 MM 6.4* 16/05 10/06 19/06 23/06 21/06 26/06 UUIOT AMI 6 4001 MM 6JW 30/05 21/06 30/06 04/07 09/07544 words
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Page 25 Advertisements
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Advertisement1256 2006-05-02 25 WAN HAI INTERNATIONAL PR LTD <* I44f5»*****/1 \AN\WAN HAI LINES MSMMW.™Y V ~WII mnnn ntViMSMiMINbMIMHMMWsMBiMiHkMBMHI t" JOMII:»7)2SIWnFU:|tn2SIW2I »11: WW WMTS KUHBI) BWM/»1 *5 WWW.WHhai.COm.Sg JKTIH: |021) ***** M MX: (021) S2S47I* n« m: 71UM/*****1 HUL7I43W ■l«: (041) 41S7M3MX:<MI)41SW8/414!m WEEKLY EXPRESS SERVICE TO AND FROM 9 IPMJIS'MM'M CALLING SINGAPORE EVERY THURSDAY1,256 words
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Advertisement1096 2006-05-02 25 VESSEL VOY Sl* JKT NIP PUS VESSEL VOY SIN JKT SUI HKG USN PUS HARJIN SEOUL MWT V 5 7/5 IVS 17/5 KMT( PUSAW 404S 1/T ~m H/5 U/T "M/T li/T HAMJIW KWAW6YAW6 ***** 12/5 14/5 28/5 24/5 KMTC SINGAPORE 404S 14/5 17/5 11/S 23/5 27/5 21/5 VESSH. YOT SID1,096 words
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Advertisement760 2006-05-02 25 WEEKLY EXPRESS SAIUNG SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS I VtSSa I VOY ISI PJUANtICQUMMO jH. SHIVA I COlO—o I lauo Harms ki tocochn. niixntw fvu odumh) mb umkaigoal (VU N SHNft) CONWCTMC MOTHB VSLS TO EUROPE (FBJXSTOWI, ROTTKMHI KAJMUK) MB EAST COAST USA (WW760 words
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THE BUSINESS TIMES SHIPPING TIMES
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5293 2006-05-02 26 This ETA ETA Iturtlwi V«wl Vgyay TefaphOM ETA ETA A*)»ttMr VomI V«T»e« IiWm 8 •> < 88 s K8 ®tS$SSS88« ■.?■< s <,>•»* •>■"5 s >-*v, ••«>•». x mOMl|HHl]|]]MlllO| > 28X15 05X16 PTD|akarta KAMAKURA 0265 *****203 TO ABIDJAN (ABi) 2003 Cot» D'tvoir* 11A06 19X165,293 words
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Advertisement125 2006-05-02 26 iiljilii I giw^IftbH SB Iglgj I ra I :=3| gag |g» HI |$j) gjg fjp^ Wt m POtT KUW CMTTMOW gE^yjljl|lJ^mL u Jdwrta lafksfc (PAT) Lm CWh*| V»y Mwrta 1 i*i% ltd, i& Li itftt I &{5 11^h.% l aiffijF fcpgw (PAT) Uw Chfci Vty Mali PACMUWUI «fc 5 ~t*125 words
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Advertisement272 2006-05-02 26 yum voy wci mn ka»achi 1 oxt 1 4A4 I nh> I dm* mk EBg ■AN SHAHtYAI Kl 1134 04/05 OS/OS ***** 1 7765" It/OS 34/09 17/09 30/09 MAN BAAIAM Kl 4134 12/09 13/09 33/09 39/09 34/09 01/0* 04/0* 07/0* HAN KOtOtSTAN KL 4137 30/09 31/09 30/09 03/o*l 03/o*l 09/0*272 words
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Advertisement102 2006-05-02 26 BSA it MYANMA ■En FIVE STAR LINE (My—f Nati«od Um) LewHef ftr Yi|M vissa vot m psi p«i am smwi haw »«w su> PAGAN 14tW SIS M MALAYSIA: MVSTIAO SWPftNfi AG! NOES IIK/MtL 01-3001UM POI; 04-*****1S ACCEPTIBfI COiVEWTIOMAL CQO »Bsa VOT NK SM m OTOAIttAT 30 9U> OJ/OS 01/05 I——Mr102 words
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PROPERTY
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1049 2006-05-02 27 TAN KIAN HOON - Owners should incorporate counter-terrorism measures in the design and management of buildings, writes TAN KIAN HOON TAN KIAN HOON National security took on a whole new meaning when the 9/11 incident in New York shocked the world in 2001. As governments and businesses took steps1,049 words
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Article, Illustration581 2006-05-02 28 JEREMY HUREWITZ - KepLand leads pack with high-profile development called The Waterfront By JEREMY HUREWITZ in Shanghai THERE is a real estate boom in Chengdu, the capital of Sichuan province and the boom is driven by Singapore companies. Businesses such as Fraser Neave, Surbana and Yanlord areFILE PHOTOS - 581 words
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449 2006-05-02 28 CLARENCE MICHAEL - Saadiyat island to get 29 hotels, one with 7-star rating By CLARENCE MICHAEL in Dubai ABU Dhabi is planning a US$27 billion project to turn an island into a tourist destination with 29 hotels, including one claiming to be rated at seven449 words
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Advertisement253 2006-05-02 27 MOB Hub Toa Payoh A chu ctpv) mrt District 11, Thomson Road 3 Jln To p, Lanc j 41 gQg s f some adjoining SL <C\ g kf Freehold, GPR 2.8, 36 storeys Sft® Close to HDB Hub, Novena Sq, MRT Bai««ti«r CHIJ (Toa Payoh), St Michael's, etc Potential for253 words
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Advertisement212 2006-05-02 27 PERFECT SITE FOR REDEVELOPMENT INTO EXCLUSIVE LUXURIOUS CONDOMINIUMS LUCKY TOWER T 77 57 GRANGE ROAD cro*n« pt«za Freehold Singapore Scott* 7 shaw y^ s ce^?re 9 Large regular site 169,188 sq ft Close proximity to Orchard Rd Shopping Belt S/ Plot ratio 2.1 *> BuildU P to24 storeys FOR SALE212 words
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Page 28 Advertisements
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Advertisement304 2006-05-02 28 We are hosting an exclusive Investors' Cocktail Reception on Thursday, 18th May at The Grand Hyatt Hotel from 6.30pm You will learn where the property hot spots are right now and how to attract the best tenants. There will also be a presentation on tax matters for non-UK resident landlords304 words
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Advertisement160 2006-05-02 28 PRIME GOOD CLASS BUNGALOWS AUCTION On 10/5/06, Wed AMARA HOTEL, Level 3,2.30pm HASTRID HILL DlO 2-storey a/pool 21,374 sq ft fhold Spacious s+2+l High ground exclusive Sau Lai 9181 1819 OLIVE RD-Dll 2-storey a/pool 15,000 aq ft, fhold Spacious 6+l 4 yrs old, like new! Tenanted Annie 9237 5332 I*f4160 words
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Advertisement69 2006-05-02 28 INDUSTRIAL BUILDING FOR SALE BY TENDER Address: 55 Jotan PenrOmptn Description: A 4-storey detached factory Tenure: 999 yrs wet 6 July 1885 Land Area: Approx. 33.519 sa ft GFA: Approx. 53.977 sq ft Tender Closing: 31 May 2006, 3pm For tender document, please contact: C 8 Rtehard E«to Bernard Goh:69 words
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