The Business Times, 8 May 2006
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2006-05-08
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The Business Times
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Title Section15 2006-05-08 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Monday, May 8,200615 words
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Article, Illustration776 2006-05-08 1 CHUANG PECK MING - They will see S'pore as a stable place with a government that's here to stay, he says By CHUANG PECK MING [SINGAPORE] The strong victory that the People's Action Party scored in Saturday's polls has sent signals to global investorsLIANHE ZAOBAO - 776 words
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Article138 2006-05-08 1 MARKETS Week Chge STI -2632.42 +21.71 KLSE COMP 961.38 +12.15 NIKKEI 225 *****.77 ....+247.54 HANG SENG *****.93 ....+352.63 SET INDEX 768.22 -0.07 JAKARTA COMP ...1483.06 +18.65 MANILA COMP 2470-24 ....+199.71 TAIPEI TAIEX 7370.44 ....+198.67 SEOUL COMP 1441.02 +21.29 SHENZHEN B Closed AUST All ORD 5209.50 +2.50 DOW JONES138 words
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508 2006-05-08 1 Stake includes right of first refusal on future port sales [HONG KONG] The investment arm of Singapore's PSA Corp bought the right of first refusal on all Hutchison Whampoa's future port divestments as part of last month's US$4.3B billion mega deal, the South508 words
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Page 1 Advertisements
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Advertisement10 2006-05-08 1 INTEGRATED RESORTS High-rollers alone not enough: Harrah'sCEO PG4 8 r10 words
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Advertisement19 2006-05-08 1 k DINING OUT imagination BizlT Business risks of IT system failure PG% VIEWS FROM THE TOP SPGSM7 1 I19 words
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Advertisement46 2006-05-08 1 YOUNG yflPftflPX INVESTORS' FORUM Getting a new business v~ V goingpg 16 A^X^V —v BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http:// business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.46 words
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TOP STORIES
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Article, Illustration426 2006-05-08 2 ARTHUR SIM - Probe follows complaint by Elections Department By ARTHUR SIM [SINGAPORE] Defeated Workers' Party parliamentary candidate James Gomez was taken in for police questioning yesterday afternoon after the Elections Department filed a complaint against him. Mr Gomez, who contested with WP chairman Sylvia Lim unsuccessfullyFILE PHOTO - 426 words
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Article, Illustration614 2006-05-08 2 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] Scientific research is very much like raising children. It takes time to see the results, which can be as wide-rang-ing as individual human beings. "When you raise children, it takes many years of investment before you know what is going614 words
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704 2006-05-08 2 NEIL BEHRMANN - By NEIL BEHRMANN in London MOMENTUM in the market is driving gold towards US$7OO an ounce levels which were last seen in 1980, the year that the metal peaked at US$B5O. But dealers fear that the market is becoming dangerously volatile and704 words
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Article519 2006-05-08 2 High-rollers not enough for IR's success: Harrah's HIGH-rollers alone will not be enough to make Singapore's integrated resort (IR) viable, says Gary Loveman, chief executive of Harrah's Entertainment, which is bidding for the resort contract. The resort's five million square foot of capacity will instead require "thousands upon519 words
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Article, Illustration774 2006-05-08 4 VIKRAM KHANNA - Integrated resort needs thousands of visitors a day to become viable Reports by VIKRAM KHANNA [SINGAPORE] High-rollers alone will not be enough to make Singapore's integrated resort (IR) viable, says Gary Loveman, chief executive of Harrah's Entertainment, which is bidding for the resortFILE PHOTO - 774 words
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554 2006-05-08 4 [SINGAPORE] "A recovering academic," is how Gary Loveman, chairman and CEO of the world's largest gaming company, Harrah's Entertainment, likes to describe himself. But he clearly has yet to recover fully. Speaking at a packed lunchtime seminar organised by the National University of Singapore business554 words
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Advertisement113 2006-05-08 2 •rcMpfc* BBilMilMSli GUARANTEED RENTAL "R'S, r fHi I 1.! a. I I LOTj J -Sre y_. @8% FOR 2 YEARS "Z= i^^M 1 Unique Investment Opportunity |J j? Sim Lim Square Singapore's Premier IT Mall L 9 High Traffic ill* N Huge Demand from IT,Consumer Electronics, I —-^-jr Service Centers,113 words
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Advertisement18 2006-05-08 2 people G 'l\\ZZ e Call us. Www th-p»*«>|iU*ai'.v( .f k on I Asia Pa< ifi< f *«outive Search18 words
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Advertisement62 2006-05-08 3 KM ■Hp Wm J*r C anon I >. I Crossword 2. lllll^ c A H O N ____J ———J ——J Across 2. Who makes document management simple? 3. Who provides you with easy to use solutions in a box? Down 1. Who is always there to help? 4. Who makes62 words
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Advertisement578 2006-05-08 4 I o I MOCQUMME MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of the Australia) NOTICE TO WARRANTHOLDERS To all holders of: (I) 40,000,000 European Style Cash Settled Call Warrants expiring on 19 July 2006 relating to the ordinary share* of City Developments Limited (CITYDEV MBL578 words
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Page 5 Advertisements
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Advertisement129 2006-05-08 5 7^/ d^rVjdflHfi^H «fI9VPJV #llv «r iLr*? 1 r nv^VMPBt^HH" 4 l ilf 7TPW L, *^WXft What you are experiencing is the largest hospitality and leisure development in the world. Located in Dubai, Bawadi Is set to be one of the premier tourist destinations of the world, and will Jk^ Span129 words
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VIEWS FROM THE TOP
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Article, Illustration2482 2006-05-08 6 THIS WEEK'S TOPIC The US dollar is weakening and energy prices are rising inexorably. What challenges and opportunities do these twin developments pose to the business sector and the economy generally? What should businesses and the government do to address these challenges? IN a previous commentary I mentioned2,482 words
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Page 6 Advertisements
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Advertisement70 2006-05-08 6 BT CEOs e-Ciub 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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Advertisement7 2006-05-08 7 4® ÜBS ÜBS 2006. All rights reserved.7 words
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COMPANY NEWS
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411 2006-05-08 8 Most of profits to come from SembMarine Reuters [SINGAPORE] Singapore conglomerate SembCorp Industries Ltd is expected to post an 18 per cent rise in quarterly profit today, aided by the strong performance of its offshore oil-rig building business. SembCorp's coreReuters - 411 words
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571 2006-05-08 8 CONRAD RAJ - HOCK LOCK SIEW By CONRAD RAJ HOT as Gallant Venture's IPO may be, potential subscribers might be well advised to thoroughly go through the risks involved in the company before they put their money into its shares. Gallant, which owns property571 words
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565 2006-05-08 10 VEN SREENIVASAN - Analysts forecast full-year profit of as high as $1.35b despite fuel hikes By VEN SREENIVASAN SINGAPORE Airlines will unveil strong results this week despite soaring fuel prices. Analysts see the carrier posting full-year net earnings of $1.25-1.35 billion, thanks to strong loads, efficient cost565 words
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Article, Illustration721 2006-05-08 10 Kwek Leng Beng set to make a killing as the property market rebounds from a 5-year slump Reuters KWEK Leng Beng, Singapore's second-richest man, has made a fortune selling luxury homes. He looks set to make a whole lot more as the swankier end ofReuters; FILE PHOTO - 721 words
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Page 8 Advertisements
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Advertisement306 2006-05-08 8 Hengxin Technology Is one of the leading manufacturers of radio frequency (RF) coaxial cable series for mobile communications telecommunications equipment In the PRC, with a strong focus I on research, design and product development. Our products are widely used 1n the transmission systems of WM telecommunications operators and service providers,306 words
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Advertisement123 2006-05-08 8 PRIME GOOD CLASS BUNGALOW AT 6C CLUNY PARK n. Address 6C CLUNY PARK, SINGAPORE Tenure FREEHOLD Land Area 1,623 sq m (17,475 sq ft) approx Legal Description Lot 2082 M Mukim 2 Description Unique 'colonial' black and white with high ceilings and spacious entertainment areas. Large in-ground pool. The property123 words
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Page 9 Advertisements
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Advertisement531 2006-05-08 9 AEM-Evertech AEM-Evertech Holdings Ltd ///'//y I II I .i. »xL I /OAAOt 5. 1,1 AEM-Evertech's core competencies lie in the design its wholly owned subsidiary, Micro Circuit lechnology |JL J it© Ltd and manufacturing of equipment, precision engineering B m products, chemicals and organic substrates and in If providing engineering531 words
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Page 10 Advertisements
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Advertisement80 2006-05-08 10 i ...Li.. n»...i—■ H m m I §|1 PrfamNmm >' I II A -M I Miiwßwtßßaca |B|j I M m ivy Tema««* buys M f V M V f If/ F Ml f lifiil atsk* tn Standard Chartarad B;-: M V I m m I V A f 8 Coming80 words
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11th WORLD HR CONGRESS
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Article, Illustration840 2006-05-08 11 OH BOON PING - It allows Western companies to relocate their specialised functions as China and India mass produce skilled labour, reports OH BOON PING OH BOON PING Specialised functions and positions in the West are set to relocate to regional economies like China and India and create840 words
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Advertisement75 2006-05-08 11 As the only national professional body for HR practitioners, SHRI is dedicated to promoting and maintaining high standards of professionalism in human resource management and development. At SHRI, we put the Human in human resources. Because we understand that in any organisation, J B B V people are their biggest75 words
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SINGAPORE MARKETS
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Article, Illustration677 2006-05-08 12 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent ON Tuesday and Wednesday this week, the US Federal Reserve meets to decide on shortterm US interest rates. A 16th consecutive rate hike of 25 basis points is widely anticipated, one that will take the federal funds rate to five677 words
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Article2261 2006-05-08 12 Payment Ex looks Ply IM stes sas_ AAGrp y Oft 85 May 10-May 22-May ABR Hldgs f 0.75 03-May 08 May 23 May AM Hldgs S 0.75 03-May 08-May 234% Action Asia x 0.50 02-May 05-May 1?-May Adampafc f 0.9* 034% 08-May 194% At I Corp 0.40 0>4%2,261 words
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214 2006-05-08 12 CURRENCIES AFP [HONG KONG] Asian currencies rose against the dollar, amid widespread hopes that the US Federal Reserve will stop raising US interest rates after this week's key meeting. Japanese yen: The Japanese currency stood at 113.62 to the dollar late TuesdayAFP - 214 words
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Article1366 2006-05-08 12 Consensus No.of Forecast Mean Fits I Consensus No.of Forecast Mean Frfs recommendation esti- EPS PE target price recommendation esti EPS PE target price Company name This wk Lastmth mates (cents) (ratio) price Company name Thiswk Lastmth mates (cents) (ratio) price Advanced Holdings 1.00 1.00 3 4.48 15.28 0.771,366 words
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Article, Illustration429 2006-05-08 12 OTHER SINGAPORE INDICES May 5 VALUE CLOSE BT OB/OS -722.00 -4.00 BT CADI -*****.00 -109.00 BT 10-day MA -*****.00 -72.00 All-SG Equities 678.31 -3.42 SG Equities Elect 115.20 -0.30 SG Equities Fin 1888.95 -18.68 SG Equities Prop 911.18 -6.33 SIMSCI 313.96 -1.78 SiMSCI Futures 314.80 -0.20 MOST ACTIVE STOCKS VOLUME429 words
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Article, Illustration1309 2006-05-08 13 TEH HOOI LING - TEH HOOI LING Senior Correspondent Theuob Sesdaq Index feU by 0.65 per cent the second week of decline after a winning streak of six straight weeks. That was the longest sustained for the second board index at least since *UUd. The Straits1,309 words
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Article, Illustration1253 2006-05-08 13 ROBERT HALILI - INSIDE MARKETS A total of 35 trades worth $29 million were recorded in holiday-shortened week, reports ROBERT HALILI ROBERT HALILI DIRECTORS and substantial shareholders remained active buyers while sellers were quiet based on filings on the Singapore Exchange during the holiday-shortened week of May1,253 words
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SINGAPORE NEWS
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612 2006-05-08 14 WONG WEI KONG - CRIMSONLOGIC CASE Defence produces Pang's statement to show it contradicts his court evidence By WONG WEI KONG THE corruption case against top Crimson Logic executives, now into its sixth week of hearings, has taken a new twist with the defence producing a statement given by612 words
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Article89 2006-05-08 14 DATE/ TIME EVENT VENUE 9 May I5EAS Seminar on The 'Up- ISEAS Seminar Room 10am in-the-Air" Behaviour of the II, 30 Heng Mui Keng US Treasury Yield Curve: Terrace, Pasir Paojang The US PulfFactor vs the Asian Push Factor 9-10 May Investment Opportunities Grand Copthorne 9am in Indian89 words
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Article, Illustration541 2006-05-08 14 UMA SHANKARI - By UMA SHANKARI SINGAPORE is essential to Levi's global business, said the company's vice-president and regional managing director for South Asia and Greater China, Aaron Boey, in an interview recently. Levi's Asia-Pacific headquarters are located here in Singapore and the maker of those signature red-tabARTHUR LEE - 541 words
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Page 14 Advertisements
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Advertisement2451 2006-05-08 14 NOTICFS X JL JL i- L-J Toll free: 1800-289-8822 Email: noticesCa'sph.com.sg BUY IT SELL IT PINO IT SAMUDERA SHIPPING LINE LTD Co Reg. No.: *****8462 C (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will2,451 words
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Advertisement638 2006-05-08 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 5* AND IN THE MATTER OF CITY PLASTICS CO. PTE. LTD. (Company Restoration No: *****1444H) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company held on the 2" day of May 2006 the following special resolution was duly passed:638 words
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DINING OUT
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Article, Illustration1082 2006-05-08 15 NEW RESTAURANT Da Paolo Bistro Bar 3 Rochester Park. Tel: 6774-5537 FIRST it was One Rochester, a wine bar, and then the restaurants gradually opened their doors to diners number two (North Border), five (Min Jiang), and four (Graze) at Rochester Park. Now that Da PaoloARTHUR LEE - 1,082 words
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Page 15 Advertisements
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Advertisement2276 2006-05-08 15 [TTJi ITE ELECTRIC CO LTD J _U Registration No.: *****1457Z NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 1 Harrison Road #08-01, ITE Electric Building, Singapore *****2 on 31 May 2006 at 9.30 a.m. for the purpose of considering and, if thought2,276 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1165 2006-05-08 16 SIM PING KHUAN,GRACE CHONG - SIM PING KHUAN and GRACE CHONG provide tips on finding a suitable place and getting the necessary financing SIM PING KHUAN,GRACE CHONG IF you believe that you have the perfect money-spinning idea that can translate into a successful business venture, it is now time to1,165 words
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Article, Illustration1047 2006-05-08 16 JURENA CHAN - CAMPUS LIFE 2 NUS undergraduates create camps that aim to spark a change in participants, reports JURENA CHAN JURENA CHAN UNLEASHING every young person's potential and equipping them with the skills to apply in school and in their life beyond, is what Spirit Makers hasARTHUR LEE - 1,047 words
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Page 16 Advertisements
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Advertisement251 2006-05-08 16 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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437 2006-05-08 17 Bloomberg [BANGKOK] Thailand's economy probably grew at the fastest pace in more than a year as exports and tourism gained, Finance Minister Thanong Bidaya said. South-east Asia's second-biggest economy expanded almost 6 per cent in the first quarter from a year earlier,Bloomberg - 437 words
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Article, Illustration623 2006-05-08 17 ANTHONY ROWLEY - Asian members want new course, advanced nations remain traditional By ANTHONY ROWLEY in Hyderabad THE Asian Development Bank (ADB) annual meeting closed at the weekend in Hyderabad, leaving a clear North-South divide over what its future direction should be. While president Haruhiko Kuroda received supportAFP - 623 words
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558 2006-05-08 17 AFP [PARIS] The euro has risen strongly against the US dollar recently, posing a threat to the early stages of economic recovery in Europe but acting as a correction to global financial imbalances. On Thursday, the single currency rose to its highest point for nearlyAFP - 558 words
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215 2006-05-08 17 Reuters [KUALA LUMPUR] Malaysia's central bank has maintained its forecast for 6 per cent growth in the country's economy this year despite soaring oil prices. "So far, we have not revised our forecast. The outlook is still positive and the external environment is strong!"Reuters - 215 words
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514 2006-05-08 17 AFP [GENEVA] A flurry of high-level visits to the World Trade Organization (WTO) over the past week has done little to drive forward sluggish talks on tearing down barriers to commerce and have left observers suffering from a sense ofAFP - 514 words
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Page 17 Advertisements
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Advertisement335 2006-05-08 17 Registration number: *****0267Z fc?SMU SINGAPORE MANAGEMENT UNIVERSITY Teaching Positions in the Quantitative Finance Unit of the Singapore Management University Two Practice Assistant/Associate Professorship positions and one lecturer position are available in the Quantitative Finance Unit of the Lee Kong Chian Business Schooi of the Singapore Management University. These are contractual335 words
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Advertisement702 2006-05-08 17 VOUCSWAGEN FINANCIAL SERVICES SINGAPORE LTD. *****,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME SERIES NO. 005 5515,000,000 GUARANTEED FLOATING RATE NOTES DUE 2007 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 8 May 2006 and ending on (but excluding) 8 August 2006, the702 words
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MALAYSIA/INDONESIA
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Article, Illustration633 2006-05-08 18 PAULINE NG - MALAYSIA INSIGHT Stronger ringgit, better expected Q1 corporate performance boosting market PAULINE NG KL Correspondent IT WAS a relatively good week for the Malaysian stock market last week with the benchmark KLCI reaching a six-year high. Excitement levels have picked up a notch and currently,633 words
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384 2006-05-08 18 [KUALA LUMPUR] RANHILL Bhd, Malaysia's largest engineering group, is on the brink of securing a road privatisation project in Jamaica valued at about RM3SO million (*****.5 million), says a report in Malaysia's Business Times, citing a company source. According to the tabloid,384 words
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381 2006-05-08 18 French carmaker may take up equity stake in Proton Reuters [KUALA LUMPUR] Malaysian state-controlled carmaker Proton Holdings is in talks with French carmaker PSA Peugeot Citroen to collaborate on the development and manufacture on new models, a business weekly reports. The talksReuters - 381 words
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Article, Illustration282 2006-05-08 18 AFP. AP [JAKARTA] Doctors treating ailing former Indonesian dictator Suharto said yesterday his condition had worsened due to constant internal bleeding, but he remained conscious. Mr Suharto, 84, was rushed to Jakarta's Pertamina hospital late on Thursday with intestinal bleeding. "The condition of Mr Suharto isAFP.; AP; AP FILE PHOTO - 282 words
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309 2006-05-08 18 AFP [KUALA LUMPUR] Malaysia is to establish an international centre to fight cyber-terrorism, providing an emergency response to high-tech attacks on economies and trading systems around the globe, reports said yesterday. Prime Minister Abdullah Ahmad Badawi said during a visit to theAFP - 309 words
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Page 18 Advertisements
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Advertisement131 2006-05-08 18 *v Surpassing tde c c OO|lf very best of NZ's Sauvignon (BCancs 90 Points, Smart Buy Highest rated wine in the New Zealand/ Australian category March 2006 Wine Spectator Blue Gold Sydney International Wine Competition 2006 Gold Air NZ Wine Awards 2005 Gold Wines for Asia 2005 r 40 Holland131 words
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Advertisement102 2006-05-08 18 You were there when we took our first steps, Vj/#y3 We went unsteadily across the floor. You pushed and prodded, m encouraged and guided _<r* Until our steps took us out the d00r... 10% W*coiint for Earty Hrd a Group BooMwg (condition* tpply) for further information and reservations, please contact:102 words
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Advertisement97 2006-05-08 18 Calling all beefeaters! Sink your teeth into flavourful, succulent cuts of beef with a melting tenderness. Smack your lips when you hear what awaits you: Roasted sirloin with black pepper sauce, Hungarian beef goulash in sweet paprika sauce, stewed 99K# beef with beer, grilled beef I skewers all accompanied with97 words
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GREATER CHINA
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Article, Illustration766 2006-05-08 19 Concern that Macau's economy is overly reliant on gaming industry Reuters [MACAU] Hong Kong interior designer Kevin Chan, sensing opportunity in Macau's property boom, headed to the former Portuguese colony a year ago and, as expected, hasn't had trouble getting projects. But heReuters; BLOOMBERG - 766 words
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348 2006-05-08 19 AFP [BEIJING] Land seizures in China have increased 15fold over the past decade, with farmers who previously had user rights often not getting adequate compensation, a joint Sino-US survey shows. Such actions fuel "significant public discontent in China's countryside", according toAFP - 348 words
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Article3044 2006-05-08 19 Transaction date: May 5 For a full listing of the closing prices, log on to BT Online at http://businesS-times.asia1.com.sg after 11.30pm every trading day unwr. vnuf: Dream Intl .0.40 unch 0 HONU RUNU Vd Dynamic Global .0.04 unch 0 Easyknit .016 unch ***** fleon Credit 6.60 unch 203,044 words
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377 2006-05-08 19 Reuters [HYDERABAD] Chinas Great Wall Asset Management Corp is poised to sell bad loans with a book value of nearly US$B.7 billion while preparing to turn itself into a financial conglomerate, a senior official said last Friday. To drum up interestReuters - 377 words
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319 2006-05-08 19 Reuters [BEIJING] Blogging is booming in China with the number of bloggers expected to hit 60 million by the end of this year. China is the world's second-largest Internet market after the United States with more than 110 million users. A survey by ChineseReuters - 319 words
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INDIA
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Article, Illustration716 2006-05-08 20 PRIYANKA BHARDWAJ - Cuts in excise duty, strong growth in sales, production key to its quest By PRIYANKA BHARDWAJ in NEW DELHI CAN India emerge as a hub for car manufacturing? This year, excise duty on small cars has been cut fromAFP - 716 words
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221 2006-05-08 20 [MUMBAI] The bull run at India's stock markets has also sparked an increase in the number of insurance claims arising out of punching errors by stock traders, Business Line reported in its online edition yesterday. It quotes insurance brokers as saying that the margin221 words
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Article, Illustration304 2006-05-08 20 [NEW DELHI] India has emerged as the world's most attractive destination for mass merchant and food retailing, maintaining its 2005 position in an annual study of retail investment attractiveness among 30 emerging markets, says a report in the online edition of Times of India, citingREUTERS - 304 words
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342 2006-05-08 20 AFP [GUWAHATI, India! India, the world's biggest tea producer, is hoping that a drought in Kenya will help boost its slumping sales. India's US$l.5 billion tea industry is slowly recovering from a crisis that caused prices to fall since 1998 and exportsAFP - 342 words
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Page 20 Advertisements
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Advertisement1350 2006-05-08 20 MJzsssm Deutsche Bank IZI I DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To all holders of: (I) 50,000,000 European Style Cash Settled Call Warrants expiring on 15 May 2006 relating to the ordinary shares of Venture1,350 words
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ASIA-PACIFIC/WORLD
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751 2006-05-08 21 ANDREW MARKS - WALL STREET INSIGHT US central bank on the verge of calling a halt to its rate hike campaign By ANDREW MARKS in New York US stock market investors be warned: strap yourselves in this week, because it might be a wild ride. Coming751 words
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278 2006-05-08 21 Bloomberg [OMAHA] Warren Buffett is working on a US$l5 billion acquisition. Speaking at Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska on Friday, he gave no clues about the potential transaction, identifying only one area of interest, utilities, in a question-and-answer session. He added thatBloomberg - 278 words
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Article, Illustration576 2006-05-08 21 Buffet sees Iscar as hedge against decline of dollar Reuters, Bloomberg [TEL AVIV] US billionaire Warren Buffett will use some of Berkshire Hathaway's near US$43 billion in cash to boost the company's international presence, beginning the foray with Israel. In what isReuters,; Bloomberg; BLOOMBERG FILE PHOTO - 576 words
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Article229 2006-05-08 21 Bloomberg [OMAHA] Warren Buffett's Berkshire Hathaway Inc reported a 70 per cent increase in first-quarter profit. Net income climbed to US$2.3l billion, or US$l,5Ol a share, from US$l.36 billion, or US$BB6, a year earlier, Berkshire said on Friday. The company earned more interest income fromBloomberg - 229 words
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333 2006-05-08 21 Reuters. AP [NEW YORK] The New York Stock Exchange has told its member organisations to have plans in place in case a bird flu pandemic breaks out. The plans should include setting up backup locations, the Exchange said in a memoReuters.; AP - 333 words
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432 2006-05-08 21 Bloomberg. Reuters. AP [TEHERAN] Iran, which has the world's secondlargest oil and natural gas reserves, has rejected a call by United Nations Secre-tary-General Kofi Annan for the US to hold direct talks with the Islamic Republic about its nuclear programme.Bloomberg.; Reuters.; AP - 432 words
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Page 21 Advertisements
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Advertisement473 2006-05-08 21 o macquarc MACQUARIE BANK LIMITED (ABN 46 006 583 542) (Incorporated under the laws of the Australia) NOTICE TO WARRANTHOLDERS To all Holders of 40,000,000 European Style Cash Settled Call Warranto expiring on 18 August 2006 relating to the ordinary shares of Venture Corporation Limited (VENTURE MBL ECW*****8) (the "Warranto")473 words
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AVIATION
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Article, Illustration844 2006-05-08 22 VEN SREENIVASAN - NEWS ANALYSIS And SIA's decision on fleet upgrading will be closely watched by rivals By VEN SREENIVASAN [SINGAPORE] Fuel prices could loom as a major factor when Singapore Airlines' (SIA) board meets this week to consider theFILE PHOTO - 844 words
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321 2006-05-08 22 AFP [TOKYO] Japanese and US aerospace agencies and companies plan to develop a low-noise, fuel-efficient supersonic jet to take off where the Anglo-French Concorde ended, a press report said yesterday. The Japan Aerospace Exploration Agency (Jaxa) and its giant US counterpart NasaAFP - 321 words
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225 2006-05-08 22 Reuters [BRUSSELS] The European Union and several of its south-eastern neighbours agreed on Friday to create a common aviation market, allowing EU airlines and their counterparts unrestricted access to the region's skies. The European Common Aviation Area (ECAA) would improve safety standards,Reuters - 225 words
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396 2006-05-08 22 Reuters [BEIJING] Chinese airlines are expected to double their fleet to more than 1,500 aircraft by 2010 as domestic air passenger and cargo volume grow, a senior aviation official was quoted on Saturday as saying. Chinese airlines would increase their combined fleetReuters - 396 words
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118 2006-05-08 22 Bloomberg [MOSCOW] OAO Aeroflot, eastern Europe's largest airline, pushed back its own deadline for awarding a US$3 billion jet order to either Airbus SAS or Boeing Co, saying the issue has become "political." "The decision will be political, at the will ofBloomberg - 118 words
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Article860 2006-05-08 22 gtv man ha man no n-iu-vi 5Q455 1300 i' <ftf& ]s|8 m M <| M ffi IMBH ***** 0825 56T<7 J2:5 Amsterdam l^|j|j|| qB638 TO ?«50 111 111 ll III!! Aj642g 0620 2X0 ii®l gu m |]4ll FP>»2 955 IHBi TW43 1505 TWO 0635 5K CA957860 words
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Page 22 Miscellaneous
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Miscellaneous337 2006-05-08 22 CRYPTIC CROSSWORD 1 Prevent man producing success--8 Barred, like woody ground everyone would enter (11) I I I I I I I I 9 11 American university turning English non-specialist back (4) i I I I 12 About to join the Spanish dance In what manner Heather is crying JjH337 words
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SHIPPING
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457 2006-05-08 23 Firms hit by high fuel prices say they are enforcing EU liberalisation rules Reuters [ATHENS] Greek ferry operators, hit by soaring fuel costs, will raise ticket prices without waiting for regulatory approval, forcing the government to speed up liberalisation, an industry officialReuters - 457 words
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559 2006-05-08 23 AFP [SYDNEY] Australian logistics and transport firm Toll Holdings vowed yesterday to fight any bid by a consortium led by Macquarie Bank to trump its Ass.B billion (Ss6.B billion) deal to take over ports operator Patrick Corporation. "LetAFP - 559 words
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162 2006-05-08 23 Bloomberg [LONDON] Bergesen Worldwide Offshore, an operator of specialised oil vessels that is a unit of the largest closely held shipowner, raised US$3OO million in an initial stock offering to fund the conversion of tankers into oil platforms. Bergesen sold new sharesBloomberg - 162 words
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Article, Illustration341 2006-05-08 23 AFP [SOUTHAMPTON, England] A ship carrying 708 people arrived safely in the southern port of Southampton on Saturday after an en-gine-room blaze left it drifting in the English Channel, a maritime official said. There were no casualties among the 462 mainlyAFP; AP - 341 words
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553 2006-05-08 23 Reuters [NEW YORK] The Great St Seaway system is vying for a piece of the lucrative grain shipping business to China, but the binational waterway operators are expected to face an uphill task, ship brokers said on Friday. In late April, a binationalReuters - 553 words
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349 2006-05-08 23 Bloomberg [NEW YORK] Overseas Shipholding Group Inc. the largest oil tanker owner based in the United States, said first-quarter profit fell 22 per cent as a larger supply of ships drove down shipping rates. Net income fell to U*****.4 million from U*****.9Bloomberg - 349 words
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Article281 2006-05-08 23 SGX |H 'MM May 5 g +j- Vol CHOffshore .038 unch 1109 ChuanHup .0.34 unch 856 Ccsco Corporation 1.39 -0.05 2918 CWT Distribution 131 -0.01 107 Ezra Hldgs X65 -0.05 179 Freight Lmks ....0.08 undi 2396 Grand Banks Yacht ...0.87 0.01 28 Jaya Holdings 1.43 unch 1902 K1281 words
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Page 23 Advertisements
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Advertisement47 2006-05-08 23 GIOMI fO/FW4/?£>/AK? Effective: 8 May 2006, Monday Oceanfreight Division DHL Global Forwarding Singapore will be moving to: Blk 511, Kampong Bahru Road #05-03/04 PSA Keppel Distripark 9HSB H Singapore *****7 L l Tel: 6375 5719 6375 5636/6375 5671 Fax: 6270 8840 6270 2694 Q Website: www.dhl.com PMBEHI47 words
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Advertisement26 2006-05-08 23 Lianhe Zaobao S Courts I and 11(681 I Warehouse I I Retail Scheme I I before Xmas I I I I ttsrftMtttt-sr I Bbl HLj '^Vollv26 words
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Article11694 2006-05-08 24 STRAITS TIMES INDEX STOCKS Stock name m dose Change Stock name m Close Change Stodi name Wt Clos* Change AHgreen 50c 031 1.470 -0.020 HyfluxSc 0.40 2.720 +0.010 STEngglOc 1.78 3.040 -0 020 Ascendasreit 1.05 2.220 +0.030 JMHUS25c400 3.07 18.800 +0.300 STATSChP25c T03 1.300 BILIntlUS20c 0.41 1.490 JSHUS5c50011,694 words
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Article6451 2006-05-08 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In lout curr In St In USS dy yr dy yr dy M 5 lnd«» Change Crungt Chanq« Chjitg.; Ch»nq« Chang* VtaWlnde>Pre)im.na.y ***** 07 75 0.6 5.0 10 »J > EAf? PreGrmracy WWJ M jl 0-8 183 1.2 167 •uiope Prettmmaiy 14! 1.416,451 words
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Page 26 Advertisements
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Advertisement1261 2006-05-08 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NASSAU PARADISE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI CAM/NFK/SAV/NOL GO PRIDE RDM/A7W/BMN/UK/NAN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Destination APOSTOLOSII HDD/JDH/AQA QUOC TU GIAM INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia1,261 words
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Advertisement658 2006-05-08 26 R DONGNAMA LINE 1" 1 COHTAIMMIItMI MWVMM VtSSEI (EVERY SIM) VOY SGP HKG KOTA HARMUNI HN1297 14/05 IS/05 KOTA HASH HAM 23 21/05 25/ OS KOTAHARTA HTA4S6 71/05 01/06 VESSa (EVERY SUN) VOY SGP HKC TKY YOK KOK MOLOORY ***** 14/05 11/05 22/05 23/05 25/05 MOILMERTY ***** 21/05 25/05 29/05658 words
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Advertisement747 2006-05-08 26 jiNTIRASIA RORO SERVICE VISSa/VOY RAWfffT) HBGHKW) PKG KCH LP I SW I JKT STRAITS VENTURE 08/04 IS 3.2 11/05 IVOS 18/05 21/05 23/05 STRAITS VENTURE W/04 IS 3.2 25/05 28/05 01/04 04/04 04/04 ISTKAITS VTWTUKEIO/06 IS 3.2 08/04 H/04 15/04 18/04 20/04 AUSTRALIAN RORO SERVICE VBSft/VOY VJUyCT) HBGHT(M) I LP747 words
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Advertisement1462 2006-05-08 27 WAN HAJ INTERNATIONAL Pit LTD cr NO: **********0/* VrrA HUM Mil TIL *****5 M (MUNIS) FAX:*****163 \M\ WAN UAI I InF\ Cwta"*''Sonric*/BookingsDirectUm-(1800)*****200 Y V VVHII llnl klllLJ WTE: 103)3346M85MX:(03)*****288HNWL(04)*****00MX:(04)*****99 V" JOH TH: (07) *****23 MX: (07)251»*****W1H: (031)*****75 MX: (031) 32*2714/*****05 www cam KT TH: (021)*****88 MI: (021) 52S4788HMTR: *****0/*****1 MX:*****11,462 words
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Advertisement1220 2006-05-08 27 VESSEI VOY SIN JKT Mjf PUS VESSEL VOY SIN JKT SUB HKG USN PUS HANJIN KWANGYAWG 0273E 12/5 14/5 20/5 24/5 KMTC SINGAPORE 606S 14/S 17/5 18/5 23/5 27/5 28/5 CAPE SANTIAGO 0017E 19/5 21/5 27/5 31/5 KMTC KEELUHG 60tS 21/5 ~24/5 25/5 "jj/5 3/6 4/6 VESSEL VOY SIN USA1,220 words
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Advertisement909 2006-05-08 27 m n sxm,> WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIM f.KLAHC COLOMBO W. SHEVA COUjjMO KOT» PtKWIRA YPWOB3 04 MAY OMIT flg II MAY 14 MAY INDIRA CiAMDHI iW MMAT W 1 MAY 15 MAY IB MAY tAJiv gaudhi JUM.JZM._IIM 2LM909 words
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Page 28 Advertisements
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Advertisement1102 2006-05-08 28 HK, j IA .1 m liJ Tel: 65-*****907 Fox: *****917 Nordana (Asia) Pte Ltd. ehk* 70 Shenton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Swoooore Fremont!* Coto* Iskwd CWistmos ltlo»d Posir Gedowq 'sicnjbWff} |ftQ41,102 words
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Advertisement836 2006-05-08 28 -YBSfl Yfil SfflL CSSj sm jut PACMNDA 1721N Oltt 02/05 PACIAU 4216 OI7OS 04/05 HR DB T755R 5375? 5*755 PRIB TO? ***** W755 CSf 2JOI 5575? 5475s 5575! M(UU *7T7 W755 TT755 ncum ffg| ***** 55/55 FMHHWI g 13/55 T&yP5 -S "a ™8h -Sion X 1 S>% gfc— I w836 words
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Advertisement415 2006-05-08 28 BSAi MYANMA FIVE STAR LINE (Myanmar National Um) Loading for Yangon VESSEL VOY SIN PKL PEN PGU CHIN SHWE HAW 90W SLD PAGAN 349W SU> IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUL/PKL: 03-*****388 PEN: 04-*****15 MKKk, ACCEPTING CONVENTIONAL C6O VESSB VOT HKG SIN Pitt OtTSTAL HEART 38 SU) 02/05 03/05 MAMCEMOAU)415 words
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THE BUSINESS TIMES SHIPPING TIMES
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6922 2006-05-08 29 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 29/05 21/06 China Shpg CMA CGM SEINE SX239W *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire To GERALDTON (GER) 26826,922 words
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BizIT
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Article, Illustration949 2006-05-08 30 AMIT ROY CHOUDHURY - Singapore firms are less aware of the business risks involved when IT systems fail, AMIT ROY CHOUDHURY learns AMIT ROY CHOUDHURY Anew global research report shows that there is a lack of awareness among Singaporean companies regarding the risks that a failure in949 words
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75 2006-05-08 30 <what's up> Semicon expo at Suntec City INDUSTRY association SEMI will stage its "Semicon Singapore" exposition at the Suntec Convention Centre from May 9 to 11. New features at the chip industry event include a Singapore pavilion, an Israeli trade delegation, and a dedicated stage for companies to introduce their75 words
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Article48 2006-05-08 30 MARKET research firm IDC will hold a conference titled "Dynamic Resilience: Security Continuity" on May 18. Held atMeritus Mandarin Hotel, the event will provide delegates with insights on how to ensure information security and business continuity. For more details, visit www. idc. com.sg/Dy-res06.48 words
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Article67 2006-05-08 30 NETWORKING solutions provider 3Com has appointed Peter Chai as its vice-president and general manager for the Asia-Pacific region. Based in Singapore, he will be responsible for 3Com's entire sales, service and field operations across the region. An industry veteran of some 24 years, Mr67 words
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Article86 2006-05-08 30 WINSTON CHAI - Compiled by WINSTON CHAI STORAGE networking specialist McData has added two new members to its Asia-Pacific management team. Ravi Rajendran, who was the former country manager for EMC Singapore, has been appointed as McData's director of channels for Asia-Pacific and Japan. In addition, the86 words
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Article, Illustration956 2006-05-08 31 AMIT ROY CHOUDHURY - Innovation in business processes more important than IT advances By AMIT ROY CHOUDHURY WHAT'S the greatest challenge facing a chief information officer(ClO)today? For Brian Truskowski, CIO of the world's biggest technology firm, IBM, it is the challenge of being able to956 words
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Article970 2006-05-08 31 ROLAND CHAN - <you say> It's worthwhile to keep on the right side of copyright laws By ROLAND CHAN THE use of illegal or unlicensed software in the workplace has come under the spotlight following the recent landmark case where an interior design consultancy became the first company in970 words
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399 2006-05-08 31 Economic Times [MUMBAI] Indian service vendors Cognizant, Satyam, Patni, TCS, Infosys, HCL Tech and Wipro came among the 10 fastest-grow-ing IT services vendors in the top 50 rankings last year, besides those focused on the lucrative US central government and defence sector, says aEconomic Times - 399 words
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305 2006-05-08 31 WINSTON CHAI - By WINSTON CHAI TAIWAN-BASED Asustek Computer (Asus) has chosen Singapore to be the location for its new international headquarters, and a research and development centre will soon follow, Asus officials said here last week. Asus, one of the world's largest305 words
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<what's new>
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Article, Illustration74 2006-05-08 31 LG HAS launched the M6lOO, its latest handset geared at youths who desire music on the go. It sports a built-in MP3 player complemented by 128MB of memory and a multimedia keypad to control playback. The new offering also features a 1.3-megapixel camera74 words
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82 2006-05-08 31 SECURITY software maker Symantec has launched Norton Save and Restore, a new backup and recovery software package for consumers. Boasting simple installation, setup, and built-in automation features, the product enables PC users to preserve valuable digital content. It also allows users to create an exact82 words
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51 2006-05-08 31 KOREAN electronics giant LG has introduced the DRI6SW, a multi-format DVD recorder capable of reading and writing to all major DVD formats. For user convenience, the new product features a graphical navigational menu for easy scrolling. Pricing for the new offering has not been51 words
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Article75 2006-05-08 31 POLYCOM has released the Communicator, the flagship product from its partnership with Internet telephony software maker Skype. Geared at businesses that use the popular Skype software, it allows users to engage in hands-free voice and video conversations without echoes and feedback. Besides phone functions, the75 words
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Article, Illustration95 2006-05-08 31 WINSTON CHAI - Compiled by! WINSTON CHAI HEWLETT-PACKARD has launched the Officejet Pro 850 series, a new range of inkjet printers which promises the same level of performance as its laser counterparts. The new models boast improved print speeds and support a wide range of95 words
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306 2006-05-08 31 AP [AUSTIN, Texas] The new generation of video game consoles from Sony Corp, Nintendo Co and Microsoft Corp have more than zippy processors and flashy graphics in common: they are also getting serious about online services. Although earlier models also provide the necessaryAP - 306 words
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Page 30 Advertisements
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Advertisement197 2006-05-08 30 YOU'VE PUT IN THE HARD WORK. YOU'VE DISCOVERED A BETTER WAY TO MAKE INFOCOMM WORK. YOU'VE USED INFOCOMM TO IMPROVE BUSINESS EFFICIENCY. J NOW GET THE RECOGNITION YOU'VE EARNED, *7 WITH THE HIGHEST INDUSTRY ACCOLADE FOR J INFOCOMM INNOVATION IN SINGAPORE. aw,,CK <1)06 RECOGNISING EXCELLENCE RECOGNITION SPEAKS LOUDER THAN WORDS197 words
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Advertisement10 2006-05-08 30 FOCUS Sky's the limit for IT careers here, pg 3210 words
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BizIT FOCUS: SINGAPORE in 2015
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Article, Illustration832 2006-05-08 32 WINSTON CHAI - All signs indicate that the local industry will continue to need new talent for a wide and challenging range of jobs, writes WINSTON CHAI WINSTON CHAI DESPITE the continued threat from lowcost IT markets like India and China, Singapore's infocomm sector remains vibrantSource: HDA - 832 words
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828 2006-05-08 32 WINSTON CHAI - By WINSTON CHAI WHILE most of us are hardpressed when it comes to making time for training and even leisure, Kang Meng Chow appears to do it with relative ease. A veteran in the infocomm security field with more than828 words
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Article, Illustration486 2006-05-08 32 WINSTON CHAI - By WINSTON CHAI DESPITE changing market dynamics, IT professionals who possess the hat-trick of technology expertise, business knowledge and communication skills will continue to be sought after for some time to come, according to Lee Kwok Cheong, chairman of the National Infocomm486 words
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Page 32 Advertisements
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Advertisement24 2006-05-08 32 This iN2015 series is brought to you by: jk siNOAFOKB in conjunction celebrating ill A vmsr JKjAfSKKKAji Singapore Infocomm SINGAPORE compute* society Technology F«doration24 words
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