The Business Times, 9 May 2006

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Tuesday, May 9,2006
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  • 512 1 Date for new general election to be fixed Commission. The court's secretary-general, Paiboon Warahapaithoon, said that eight of the 14 judges voted that the poll was unconstitutional due to various factors, including the manner in which it was conducted. For example, electoral
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  • 523 1  -  Area is currently home to some 30 companies in aviation industry By YEN SREENIVASAN [SINGAPORE] The Economic Development Board (EDB) will soon unveil plans to upgrade Seletar Airport and its affiliated facilities. Industry insiders say that among the proposals being considered are plans to
    FILE PHOTO  -  523 words
  • 135 1 sn 2,657.78 (+2536) ST INDEX FUTURES 2,654.00 (+25.00) SIMSQ 317.32 (+336) SIMSO FUTURES ***** (+2.70) MARKETS Monday Change KLSECOMP 965.90 4452 NIKKEI 225 17,291.67 4-137.90 HANG SENG 17,301.79 +287.86 SET INDEX 782.91 +14.69 JAKARTA COMP 1,507.03 +24.86 MANILA COMP 2,589.17 +118.93 SEOUL COMP 1.452.23 +1U1 SHENZHEN B 294.10
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  • Page 1 Advertisements
    • 203 1 PETROCHEM PAP win seen helping to nail down investments PG2 COMMENTARY Reits: W&tch the depreciation PG4 PROPERTY Focus on SMEs There are no industries, x only sunset management.} m^rnrnm^ .jA Uk A 8 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account,
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    • 2 1 SGX LISTING
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  • TOP STORIES
    • 630 2  -  Proposed cracker investments by Shell, ExxonMobil to top US$3b By RONNIE LIM [SINGAPORE] The People's Action Party's strong win in Saturday's general election will help nail down planned multi-billion dollar investments in the petrochemical industry, sources say. "Politics is always
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    • 346 2  -  By ANTHONY ROWLEY in Tokyo COMMERCIAL land prices in Japan have risen for the first time in 15 years, the Bank of Japan (BOJ) said yesterday, adding further evidence to its case to move away from negative interest rates at an early date.
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    • 256 2  -  By UMA SHANKARI [SINGAPORE] The Elections Department said yesterday it had offered the role of Non-Constituency Member of Parliament (NCMP) to the best-performing loser in Saturday's general elections. It, however, did not reveal which opposition party received the offer, Channel News
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    • 490 2 3 Marina IR bidders post gains in Q1 profit THREE of the four bidders for the Marina Bay integrated resort appear to be in good financial health, going by latest earnings results. Harrah's Entertainment posted a 75.7 per cent jump inQl net income to U*****.4 million; MGM Mirage,
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    • 662 2 Reuters [HONG KONG] Hong Kong's stock exchange, Asia's largest listed bourse, is expected to nearly double quarterly earnings thanks to heated demand for Chinese stocks, but analysts say its lofty valuation could discourage further sharp gains. A raft of big China IPOs
      Reuters; AP  -  662 words
    • 455 3  -  Harrah's, MGM Mirage, Las Vegas Sands enjoy 31-75% increases By ARTHUR SIM [SINGAPORE] Regardless of who wins the tender for the Marina Bay integrated resort (IR), three of the four bidders appear to be in good stead, reporting healthy first-quarter 2006
      REUTERS  -  455 words
    • 517 3  -  By RONNIE LIM [SINGAPORE] SembCorp Utilities has completed its negotiations for a 40 per cent stake which will cost it a total US$l.7 billion in a power generation/desalination project being privatised and expanded by Abu Dhabi, and is awaiting final award of
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  • Page 2 Advertisements

  • Page 3 Advertisements
    • 26 3 Releasing your financial results? Call 1800 289 8822 or email notices@sph.com.sg to book your financial results in our newspapers now. AT-3 NOTICES S 5 I aJ
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    • 288 3 t. X-markets a Deutsche Bank I is here again You've heard about the explosive growth in warrants turnover. Join a free seminar for a head start on the You ve read about the excitement of warrants trading. Now you i r basics of warrants trading. can experience the action yourself
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  • COMPANY NEWS
    • 468 4  -  It earns $481.9m in Q1; proposes $264m payout in capital distribution By CONRAD RAJ BOOSTED by an exceptional gain from the sale of its stake in SembCorp Logistics (SembLog) SembCorp Industries posted a net profit of $481.9 million for its first quarter, up from
      FILE PHOTO  -  468 words
    • 368 4  -  Placement of new and vendor shares launched last week By SIOW LI SEN US FUND group Templeton has bought into yet another China-based company AsiaPharm Group. A pharmaceutical group which targets the ageing population in China, AsiaPharm last week launched a placement of new and vendor
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    • 679 4  -  HOCK LOCK SIEW By CONRAD RAJ SINGAPORE'S 10th real estate investment trust, K-Reit Asia, is trading at forecast initial distribution yield of 3.9 per cent following its recent trading debut on the Singapore Exchange. This yield, based on yesterday's closing price of $1.40
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    • 241 4 Reuters [HONG KONG] An institutional stockholder in Singapore Petroleum Company (SPC) is selling up to US$2lO million of the refiner's shares in a secondary offering expected to be priced today, according to a term sheet for the deal. Indonesian-owned Satya Capital Ltd
      Reuters; FILE PHOTO  -  241 words
    • 435 5  -  Preliminary prospectus lodged; offering to raise more than $107m By UMA SHANKARI BANYAN Tree Holdings, whose plans for an initial public offer were shelved after a tsunami devastated coastal regions of Asia in 2004, is finally headed for the Singapore Exchange mainboard. Banyan Tree
      FILE PHOTO  -  435 words
    • 313 5  -  By ANGELA TAN PETRA Foods Limited, a maker of cocoa ingredients, yesterday unveiled better than expected results for the first quarter of 2006 and attributed this to a "consistent execution" of its expansion plan. For the three months ended March 31, 2006,
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    • 367 5  -  By DONALD URQUHART MAINBOARD-LISTED dry bulk shipping company STX Pan Ocean saw its first-quarter net profit plunge 69 per cent as a result of declining freight rates and high bunker fuel prices in what the group described as a "challenging business environment". Net profit fell
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    • 390 5  -  Organic substrate facility one of a kind in Singapore By MATTHEW PHAN AEM-Evertech Holdings, a producer of microelectronic components, yesterday opened what it says is Singapore's only plant that makes semiconductor organic substrates, a key component in portable digital devices. Used in products ranging from cellphones
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  • Page 4 Advertisements
    • 544 4 East Gate EASTGATE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****5519R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of EASTGATE TECHNOLOGY LIMITED (the "Company") will be held at 10:30 a.m. on 25 May 2006 at 20 Tampines Street 92,
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    • 428 4 'Are your leaders thinking of identifying and developing behaviours required in your management team to achieve the desired business strategies and goals for your Organisation I Who may benefit from this zifhin tha 9 ml executive leadership wfminme Jl WORKSHOP? \next 18-24 Se n or executives who are leading organisations,
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    • 30 4 Want the best price? Wpi Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. [•■AT3 NOTICES 1 I 1 u.
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  • Page 5 Advertisements
    • 76 5 i"r i 'tain W/f **J. o."' THE PRIDE OF LENG KEE. '1•• i- > vj. New Chrysler, Jeep and Dodge showroom. Now open. I n V> 'fy 'Vj'""" ......Mfe' ffl fA HT 1 1 It 1 a 1" shSsb ki ,jf I I t| I p I I i I
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  • SINGAPORE MARKETS
    • 511 6  -  STOCKS Bank, property and oil gas stocks boost Straits Times Index by almost 1% TEH HOOI LING Senior Correspondent jgpH|| INGAPORE stocks gained, buoyed by positive sentiment for equities the world over. The Straits Times Index put on nearly one per cent to
      Source: Bloomberg  -  511 words
    • 1025 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 8 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sen '000 Shr S ('000) ('000) Mediaring 5-May-06 Paramount Assets Inv PL Buy ***** na ***** 5.17 ***** 6.35 Honwei Tech
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    • Article, Illustration
      1013 6  -  Compiled by UMA SHANKARI S'pore Computer Systems May 8 dose: 550.78 (JOB KAY HIAN RESEARCH. May 5 SINCE the inception of the new management team in 3Q05, SCS has shown a fundamental turnaround in its profitability. The management has been focused and selective in its project undertakings, which
      Source: Bloomberg  -  1,013 words
    • 538 6  -  CURRENCIES LARRY WEE Senior Correspondent THE increasingly unloved US dollar was delivered another crushing blow in Asia yesterday, forced to fresh 2006 lows not only by weaker US job statistics for April last Friday, but also more bullish week- end news for the
      Source: Reuters  -  538 words

  • COMPANY NEWS
    • 444 7  -  Rise was sparked off by 6% surge in wireless subscribers By AL LABITA in Manila GLOBE Telecom, SingTel's listed Philippine unit, booked strong results in this year's first quarter as it launched new products to spur more revenues in a highly
      BLOOMBERG  -  444 words
    • COMPANY BRIEFS
      • 46 7 JAYA Holdings said that net profit for the three months ended March 31 its third quarter climbed 48 per cent to $29.4 million from a year ago. Total revenue of also rose by 329 per cent to $71.5 million.
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      • 65 7 FIRST Engineering's full-year net profit rose 16 per cent to $26.6 million. Revenue increased 25 per cent to $182.8 million for the 12 months ended March 31, 2006. Net profit would have been higher if not for start-up costs in its new expansion
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      • 45 7 WFARNES International's net profit climbed to $3.8 million for its second quarter ended March 31, from $199,000 in the previous Q2, which included an exceptional loss of $8.66 million. Turnover fell 18.2 per cent to $120.4 million.
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      • 45 7 SING Holdings, a newly listed property development and investment group, said profit after tax and minority interests rose 21.6 per cent to $2.94 million for its financial year ended Dec 2005. Turnover rose 20.7 per cent to $19 million.
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      • 43 7 •ELFCTRO-mechanical contract manufacturer MMI Holdings achieved an 86 per cent increase in net profit attributable to shareholders to US$ll.B million for its third financial quarter ended March 2006. Revenue increased 23 per cent to US$l2B million.
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      • 46 7 STAR Pharmaceutical's net profit jumped 64 per cent to 10.5 million yuan (Ss2.l million) in the first quarter 0f2006. Revenue rose 34 per cent to 30.5 million yuan. The increase was driven by stronger sales across all product segments.
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      • 53 7 DBS Bank has launched its DBS Treasures Priority Banking service for the high net worth market segment in India. In addition to corporate and investment banking services, DBS Mumbai Branch will now offer a comprehensive suite of services to individuals with a minimum investment
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    • 374 7  -  By VEN SREENIVASAN MAINBOARD-listed shoemaker China Hongxing Sports reported a net profit of 30.1 million yuan (555.9 million) for the first quarter ended March 31, up 12 per cent from 26.9 million yuan a year ago. Turnover rose 34 per cent to
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  • Page 7 Advertisements
    • 181 7 Credit Agricole Private Bank. Imagine a private bank that combines strength and dedicated service Backed by an extensive international network and the significant leverage that comes with being a member of the world's sth largest banking group*, Credit Agricole Private Bank is a frontrunner in personal wealth management. To protect
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  • SINGAPORE NEWS
    • 550 8  -  It will miss out if not plugged into rapidly developing economic integration: Ma By CHEN HUIFEN TAIWAN needs to forge closer economic ties with South-east Asia, possibly through free trade agreements (FTAs), Taipei mayor Ma Ying-jeou said yesterday. "We hope to establish free trade
      ASHLEIGH SIM/ST  -  550 words
    • 215 8 AN inaugural mission to India on Climate Change and Energy, organised by IE Singapore, has benefited several local companies, which look set to secure $25 million of projects there, IE said yesterday. Environmental companies based here, including the Greenhouse Gas Emissions
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    • 141 8 HONG Leong Finance has brought out a new fixed deposit-linked savings account product aimed at savers aged 55 years and above. The Golden 55 Plus FD account offers upfront interest, which will be credited each month to customers' savings accounts at Hong Leong Finance.
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    • 5974 8 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8.52/ ACMGI Amer Income A EUR 6.691 ACMGI Amer Income B EUR 6.69/ ABNAmro Asset Mgt (Spore) ACMGI Europ Income Opp AT SGD 15.14/ Star Europe Eqty! 0372/ ACMGI Europ Income Opp BT SGD 15.14/ Star Europe Bond 1167/ ACMGI Europ Income
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    • 275 9  -  It will produce high quality contact lenses for export By UMA SHANKARI CONTACT lens maker Ciba Vision, which last year announced that it will invest US$25O million in its new manufacturing plant in Singapore over the next few years, yesterday also
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    • 295 9  -  More than double fee hike due to building of the new Alumni Complex By NOOR AISHA THE National University of Singapore (NUS) will more than double membership fees for its new Alumni Complex, which is expected to complete construction by October 2007. The
      NUS  -  295 words
    • SINGAPORE ROUNDUP
      • 60 9 DEFENCE Minister Teo Chee Hean will attend the inaugural Asean Defence Ministers' Meeting in Kuala Lumpur today, a Mindef statement said yesterday. The meeting is expected to discuss a broad range of security issues, including the threat of terrorism and regional maritime security. The
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      • 33 9 KAY Segler has been appointed Singapore's honorary consul in Munich, Germany. He is currently vice-president of brand management for BMW and Mini, the Ministry of Foreign Affairs said.
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      • 63 9 CHUA Hak Bin has been appointed director, Asian economist, in the Economic and Market Analysis research team of Citigroup Global Markets. He will be based in Singapore, working on region-wide issues with a special emphasis on South-east Asian economies and Asian equity-related
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  • Page 8 Advertisements
    • 34 8 P You can now use your CPF savings to invest in AllianzGl Global Allianz (fij) I 'Jf Hiqh Payout Fund. Visit OCBC Bank for more details. Global investors *3 J company regn. no *****7169Z
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  • Page 9 Advertisements
    • 26 9 1 Parting company? Make it known. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES f 1 3
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    • 220 9 IN THE MATTER OF THE COMPANIES ACT (CAP 50) C S CHRISTIAN SHOP PTE LTD Business Registration No.: *****2916K (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE is hereby given that at an extraordinary general meeting duly convened and held on 4th May 2006, the following special resolutions were passed:RESOLVED that the Company be
      220 words
    • 180 9 Terms Conditions: Prices stated are per person for a round trip on First or Business Class to Europe for travel out of Singapore from 1 May '06. The return travel and hotel stay must be completed by 30 Oct '06 Bookings are to be made from 1 May-30 Jul '06
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  • SME spotlight
    • 926 10  -  Reinvention kept tyre distributor on forefront of new trends, writes GRACE CHONG GRACE CHONG "THERE are no real sunset industries, only sunset management," declares Low Chee Meng, managing director of Autoacc Trading. And you are tempted to believe him, as he divulges his plans to
      ARTHUR LEE  -  926 words
    • 1095 11  -  It is becoming clear to entrepreneurs that an effective human resource strategy is critical for any organisation's long-term survival, writes KAMINI DAS KAMINI DAS THE global phenomenon of talent shortage has led to a "talent war" among organisations large and small, across all industry
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    • 905 12  -  SMALL CAPS NANDE KHIN finds out why the precision components maker has reason to be so for this financial year NANDE KHIN PRECISION components maker CDW Holding, which suffered a profit slide last year, is looking forward to a better performance in FY 2006. "We are
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    • 323 12  -  By TEH HOOI LING IN A WEEK marked by consolidation, especially in the second tier market, our portfolio managed to pull ahead. It advanced by one per cent, compared with a flat performance by the UOB Sesdaq Index. However, it is behind the 1.8 per
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  • Page 10 Advertisements
    • 99 10 Skills Matter. f Not */Ni 1%-w B* and enthusiasm, Zainal is enjoying JJF /i/s second career with us." The advantage is yours PSA gains the advantage by retaining dedicated older workers through retraining. Our older workers still have a lot to offer. It's not how old an employee is, but
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  • Page 11 Advertisements
    • 428 11 Journey Into The MkkJte Kingdom: Insight China's lg|tegime Jointly H^ nE *tLfwfjt'.» 3 $RHh|'l/lf Directions China P Stntegits i No 2 Coordinating Group, Notional Intellectual Property Strategy Office of the PR. China IPOS Tire \ftsw from the Top of the Great Wail *M!AZhaeJun, N0.2 Division, Legal Affairs Department, State Intellectual
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  • Page 12 Advertisements
    • 152 12 1 THE STRAITS TIMESI A 'A f I Marina Bay IR Race I '$§Pfp I Tamaaek buyi Khoo* B K i B K B Iri I B 1 V I rtiiii* In »«nd«rd Ctartwd B J J M B I fl Ml W M M i <|B B^_|e BjaHH Coming
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  • ECONOMY WATCH
    • 539 13 Global commodity slide sparked by move seen as buying opportunity Bloomberg [LONDON] Like an amateur magician yanking a tablecloth from under a neatly arranged dinner setting, China abruptly raised interest rates late last month, jiggling the crystal for a few anxious moments. The
      Bloomberg  -  539 words
    • 390 13 Reuters [HYDERABAD, India! Asian finance ministers plan to study ways to create regional currency units that could one day lead to a common currency but the idea is so politically sensitive that even giving them a name is tricky. Despite their
      Reuters  -  390 words
    • 297 13 Bloomberg [SYDNEY] Crude-oil prices are likely to remain high for the next four or five years because of the Organization of the Petroleum Exporting Countries' (Opec) lack of spare oil production capacity and a shortage of refineries, the executive director
      Bloomberg; AFP  -  297 words
  • Page 13 Advertisements
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  • MALAYSIA/INDONESIA
    • 533 14  -  Key indices pushed up as institutional funds buy into selected blue chips By PAULINE NG in Kuala Lumpur TRADING volume on the Malaysian stock market hit a new high yesterday as the ringgit broke through 3.60 to the US dollar to touch
      533 words
    • 314 14 Bloomberg [KUALA LUMPUR] Volkswagen AG, Europe's largest carmaker, said it has put on hold a plan to sell Polo, New Beetle and six other models in Malaysia after the government in March cut import taxes on vehicles made in South-east Asia.
      Bloomberg; AFP  -  314 words
    • 576 14 [JOHOR BARU] Johor has the greatest potential for development under the Ninth Malaysia Plan (9MP), with the UEM and MMC group of companies being the main beneficiaries, says a report in Malaysia's Business Times. This is mainly why shares of UEM
      576 words
    • BRIEFLY ASIA
      • 66 14 Bloomberg [MUMBAI] Reliance Industries Ltd advanced on a report of its talks to buy a stake in a Pakistani producer of purified terephthalic acid. "There's been a string of positive news on the company and that's boosting the stock," said Nitin Jain, who
        Bloomberg  -  66 words
      • 61 14 AFP [KUALA LUMPUR] Malaysian electronic smart card manufacturer Iris Corp is in talks with the Nigerian government to supply identity cards in a deal worth up to US$3OO million, a report said yesterday. Iris is already involved in a RM246 million
        AFP  -  61 words
      • 46 14 Reuters [JAKARTA] An operation on Indonesia's former president Suharto to stop internal bleeding went well, a member of his medical team said yesterday. The 84-year-old ex-general was admitted to a hospital here last week due to bleeding in his digestive system.
        Reuters  -  46 words
      • 61 14 AFP [BEIJING] Construction of China's Three Gorges Dam, set to become the world's largest hydroelectric power project, will be completed nine months ahead of schedule on May 20, state media reported. The dam would be finished on that date though several
        AFP  -  61 words
    • 2298 14 vol Gamuda —430 0.06 1310 May* KM W- General Coip 0.71 0.02 453 Gerrting 24.70 -0.55 303 ASMRealty 1.43 0.04 11 George Kent .0.60 0.01 158 Abrit 0.40 -0.01 599 G HI Systems .0.31 0.03 ***** ACP Industries 1-22 0.02 765 Globetronics Tech .0.36 0.01 2648 Advance Synergy
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  • Page 14 Advertisements
    • 646 14 BNP PARIBAS ARBITRAGE ISSUANCE B.V. (Incorporated in the Netherlands with its statutory seat in Amsterdam) NOTICE TO WARRANTHOLDERS To all holders of: (I) 150,000,000 European Style Cash Settled Call Warrants expiring on 23 June 2006 relating to the ordinary shares of Labroy Marine Limited (LABROY MARINE BNP ECW*****3); (II) 25,000,000
      646 words

  • GREATER CHINA
    • 572 15 Hang Seng jumps 1.7%; HSBC leads the advance with 2.6% gain Bloomberg [HONG KONG] Hong Kong stocks rose to their highest level since September 2000 after a US jobs report suggested the Federal Reserve may put off raising interest rates following
      Bloomberg  -  572 words
    • 253 15 Reuters [TAIPEI] Dell Inc, the world's biggest personal computer maker, intends to spend 20 per cent more or over US$l2 billion buying components from Taiwan firms in 2006, riding a global trend of procuring components from the island's technology sector. Computer and
      Reuters  -  253 words
    • 451 15 Reuters [BEIJING] China's stock regulator allowed firms to resume capital raising on domestic stock exchanges yesterday, ending a yearlong ban and paving the way for companies like Air China to return to domestic bourses. The China Securities Regulatory Commission (CSRC) made the announcement on
      Reuters  -  451 words
    • 207 15 Bloomberg [BEIJING] China's government may have bought copper to settle most of its wrongway bets on the metal as prices rallied to a record, said traders including Yang Yinghui. The State Reserve Bureau, the country's stockpiling agency, had losing positions totaling as much
      Bloomberg  -  207 words
  • Page 15 Advertisements
    • 336 15 DOUBLE THE MILES FOR Mm DOUBLE 1W THE smiles Singapore-Japan Tourism Exchange Year 2006 It's double the joy flying ANA this spring! That's because we're rewarding all our valued customers with DOUBLE MILES! Earn double miles in all classes when you fly ANA from Singapore to Japan or from Bangkok
      336 words
    • 887 15 BNP PARIBAS ARBITRAGE ISSUANCE B.V. (Incorporated in the Netherlands with its statutory seat in Amsterdam) NOTICE TO WARRANTHOLDERS To all holders of: (0 100,000,000 European Style Cash Settled Call Warrants expiring on 1 November 2006 relating to the ordinary sharee of City Developments Limited (CfTYDEV BNP ECW*****1); and (10 50,000,000
      887 words

  • INDIA
    • 725 16  -  Print market is huge, with readership growing and adspend of US$1.5b a year By SIDDHARTH SRIVASTAVA in New Delhi AS the world watches Playboy magazine rile Muslim clerics in Indonesia, the next question is: Will it take off in India? Playboy Enterprises is in
      REUTERS  -  725 words
    • 416 16 The Economic Times [BANGALORE] As the top Indian IT firms' ambitions soar and they position themselves as global companies rather than as primarily Indian companies with global clients, their employees are increasingly coming in multiple hues. Operating out of multiple global locations,
      The Economic Times  -  416 words
  • Page 16 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 520 17 Oil prices fall after 1st letter from Iranian leader to US president in 27 yrs AP. Bloomberg. Reuters [TEHERAN] Iranian President Mahmoud Ahmadinejad has written to US President George W Bush, proposing "new solutions" to their differences. Crude oil prices fell US$l after
      AP.; Bloomberg.; Reuters  -  520 words
    • 345 17 AP [LONDON] Apple Computer is entitled to use the apple logo on its iTunes Music Store, a judge ruled yesterday, rejecting a suit filed by Apple Corps Ltd, the guardian of The Beatles' commercial interests. Apple Corps contended that the computer company had broken a
      AP  -  345 words
    • 476 17 Expansion plans spur informal search: source NYT [NEW YORK] The Forbes family, which has built its name into one of the strongest financial media brands in the world, has informally begun seeking to bring outside investors into its publishing company as it considers plans to
      NYT  -  476 words
    • WORLD WATCH
      • 117 17 Bloomberg [NEW YORK] Silicon Graphics Inc, a pioneer in computerised special effects for movies like Jurassic Park, filed for bankruptcy protection, with an agreement to give noteholders a majority stake in the firm. The filing comes two months after Silicon Graphics said it would reduce
        Bloomberg  -  117 words
      • 127 17 Bloomberg [SEOUL] Overseas investors own nearly two-thirds of South Korean banks, according to the state-run Korea Deposit Insurance Corp. The average share overseas investors own in South Korean lenders such as Kookmin Bank has risen from 14.6 per cent at the end of
        Bloomberg  -  127 words
      • 149 17 Bloomberg [CANBERRA] Australian Finance Minister Nick Minchin said senior ministers agreed yesterday to proceed with preparations for the sale of the government's 51.8 per cent stake in telephone company Telstra Corp. Mr Minchin told a meeting of senior ministers here that Telstra's
        Bloomberg  -  149 words
    • 421 17 NYT (NEW YORK) The Wachovia Corp said that it reached a deal on Sunday night to acquire the Golden West Financial Corp, one of the last major independent banks on the West Coast, for about US$26 billion in cash and stock. The boards
      NYT; REUTERS FILE PHOTO  -  421 words
    • 304 17 By OUR CORRESPONDENT in Bangkok THAI telecommunications conglomerate Shin Corp has said it will withdraw its civil lawsuits against media activist Supinya Klangnarong after the country's Criminal Court acquitted her of defaming the firm. Shin Corp, which is now owned by
      304 words
    • 443 17 Reuters. Bloomberg [OMAHA] Warren Buffett hopes his son, Howard Buffett, will eventually be nonexecutive chairman of Berkshire Hathaway Inc, serving as a "double protector" of the culture of the group. "I won't be there. You will have 10 directors and I would hope
      Reuters.; Bloomberg  -  443 words

  • AVIATION
    • 597 18  -  But planemaker says no decision has been taken on the aircraft's revamp By VEN SREENIVASAN [SINGAPORE] In the wake of criticism from leading industry players, European planemaker Airbus is said to be working on a dramatic redesign of its planned A 350
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    • 293 18 Reuters [NEW YORK] Boeing Co and its shareholders are counting on the success of the 787 Dreamliner, the plane maker's first new commercial airplane in a decade, to fuel growth at rival Airbus' expense after several recent stumbles, the New York Times said
      Reuters  -  293 words
    • 193 18 Bernama [SINGAPORE] The first A3BO aircraft, the world's largest passenger aircraft, that will be delivered to Singapore Airlines (SIA), embarked on its maiden test flight on Sunday. The aircraft, which will be the world's first A3BO to enter commercial service at the end of
      Bernama  -  193 words
    • 117 18 Bloomberg (BANGKOK] Thai Airways International pel may take over the management of Bangkok's existing Don Muang airport after the city opens its new international airport, the Nation newspaper reported, citing an airline executive. A ground-handling unit of the carrier may be converted into
      Bloomberg  -  117 words
    • 191 18 Bloomberg [TAIPEI] EVA Airways Corp, Taiwan's secondlargest carrier, is seeking a NT$lO.4 billion (Sssl9 million) loan to buy two aircraft from Boeing Co, according to bankers involved in the deal. EVA Airways is purchasing the Boeing *****0ERs to meet rising passenger traffic. As many as
      Bloomberg  -  191 words
    • 2190 18 CTTY FLIGHT ETA FLIGHT ETD NZ43S5 0735 EK405 0210 SQ493 0735 EK433 0325 AMaM* LH9771 1750 AF8088 2215 "404 1405 EK352 2225 SO230 1750 BA7382 2215 E «48 650 NZA354 2335 AF8087 1850 Of82 2215 W 2348 1650 5Q492 2335 BA7381 1850 LH9770 2345 I* 432
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  • Page 18 Advertisements
    • 117 18 BT/ZUJI Deals of the Week -WML ■hBOIIIIHBBHKKVBiBksmhmh BUSINESS (from ECONOMY (from S) HOTEL (from S) Paris $2,899 $850 $114 Thai Airways KIM OCSTttiMIONS BUSMSS CLASS (from S) ECONOMY CLASS from BOTH, (from S) WEATHER Bangkok $630 $155 (ThaiAKways) $51 4% Rain Dubai $1649 (IhajAbwtf $785 mm $151 *«iy Sydney $1999
      117 words
  • Page 18 Miscellaneous
    • 210 18 CRYPTIC CROSSWORD DOWN 1 Increase energy in fourth part practised beforehand (9) YESTERDAY S SOLUTION of play at Eyemouth (8) 5 Directors of company that has Across: 1 Blockbuster 8 Forestal--2 View when flier's approach- floated in coastal region ec j 11 Yale 12 Reel 13 Howling 15 ing central
      210 words

  • SHIPPING
    • 258 19 [LONDON] Troubled rail-to-maritime group Sea Containers is planning a comprehensive financial restructuring that would see a debt-for-equity swap follow the sale of its ferry operations later this year, says a report in The Sunday Observer. The London newspaper said that the New York-quoted group's
      258 words
    • 607 19 It alleges Patrick's chiefs solicited counter proposal from the bank AFP [SYDNEY] Transport and logistics group Toll Holdings began court action yesterday against takeover target Patrick Corp in a bid to thwart a rival bid for the ports operator led by
      AFP; BLOOMBERG  -  607 words
    • 279 19 SGX '000 May! SS W- Vol CH Offshore 0.39 0.01 632 ChuanMup .0.35 0.01 2846 Cosco Corporation 1.41 0.02 6640 CWT Distribution 1.30 -0.01 68 Ezra Hldgs 2.63 -0.02 300 Freight Unks 0.0« gnch 2712 Grand Banks Yacht .0.87 unch 0 Java Holdings— ..1.46 0.03 996 K1 Venture
      279 words
    • 291 19 [HONGKONG] Tianjin Port Development Holdings plans to sell new shares at between US$l.55 and US$l.BB each to raise as much as US$l.OB billion, reports the South China Morning Post, citing a market source. The price range has been increased by five cents
      291 words
    • 295 19 Bloomberg [LONDON] Associated British Ports Holdings Pic's shares rose as much as 2.8 per cent after a report that investors led by Goldman Sachs Group Inc is close to increasing its offer for the largest operator of UK ports. Goldman Sachs
      Bloomberg  -  295 words
    • 409 19 Port complexes near Xiamen and on Guangdong coast AP. Reuters [SHANGHAI] China plans a major new port project on its south-eastern coast near Taiwan, a step towards what it hopes will be "free trade" with the island Beijing claims as its own,
      AP.; Reuters  -  409 words
  • Page 19 Advertisements
    • 28 19 I I Lianhe Zaobao I China's I spending on I I food I I beverages I I totopone I I trillion yuan I lthif|yearpl dI •J i [•]I
      28 words
    • 212 19 NOTICE TO TRADE SINGAPORE/MALAYSIA/COLOMBO TO CHITTAGONG V.V. CHITTAGONG PORT CONGESTION SURCHARGE Container Vessel Operators regret to inform the trade that the situation at Chittagong port has deteriorated since last few months and vessels arriving at the port are experiencing both berthing delays and poor productivity which has contributed to longer
      212 words
    • 389 19 BNP PARIBAS ARBITRAGE ISSUANCE B.V. (Incorporated in the Netherlands with Its statutory seat in Amsterdam) NOTICE TO WARRANTHOLDERS To all holders of 25,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of Venture Corporation Limited (VENTURE BNP ECW*****4) expiring on 24 November 2006 (the "Warrants"). Notice is
      389 words

  • EDITORIAL & OPINION
    • 561 20 EDITORIAL I AST week, the price of gold hit a 25-year high, rising past US$6BO per ounce, compared with a low of around US$2BO in 2001. What, some investors are asking, is the gold price trying to tell us? To be sure, gold is
      561 words
    • 1364 20  -  It's back to 70s nationalism as some oil-producing nations seek a larger share of the riches By JAD MOUAWAD NYT TO MANY Americans, Exxon Mobil or Chevron appear all powerful, pocketing record profits as energy costs soar. But in many countries around the world, high
      NYT; REUTERS  -  1,364 words
    • 788 20  -  THE BOTTOM LINE G PANICKER INDIA'S dream energy pipeline, now in its 13th year of planning, shows ominous signs of slipping away as a pipedream. To succeed, the project must get all the help it can from all sides. Energy-short
      788 words
    • 1146 21  -  Advertising will soon move to a new level when JC Decaux links billboards to your mobile phone By THOMAS CRAMPTON IHT SOMETIME in the next few weeks, French billboards will be able to speak to your mobile phone but only with your permission. Peoplfe with certain
      IHT; JC DECAUX  -  1,146 words
    • 943 21  -  ANDY MUKHERJEE Bloomberg LI YONG, China's Vice-Minister for Finance, said he had heard a "rumour" that the US dollar was headed for a 25 per cent drop. If the gossip was true, the consequences would be "shocking", he said. Mr Li's comment, which he
      Bloomberg; REUTERS  -  943 words

  • Page 21 Advertisements
    • 429 21 BNP PARIBAS ARBITRAGE ISSUANCE B.V. (Incorporated in the Netherlands with Its statutory seat in Amsterdam) NOTICE TO WARRANTHOLDERS To all holder* of 25,000,000 European Style Cash Settled Call warranto relating to the ordinary share* of OSIM International Ltd (OSIM BNP ECW*****2) expiring on 22 June 2006 (the "Warrants"). Notice is
      429 words

  • 10828 22 SGX MAINBOARD 5I-m 14 lacl V*l Day LstQaote GrOer Mv GrYM Net MCaa 1—i Cade Cmnpwy Sat» w- rWM> Mgh law —>» 5«Mr 94 Cm S. HI tm* 5 I 5714 ISSoftware5c 3 +85 5040 3 2 5 2 5 3 ft| 17 6 5148 8T«lecomU52i S5 unch
    10,828 words

  • 6418 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cure In S$ In USS dy yr 4y X yr dy %yr lnd«» Change Change Change Chang* Chang* Chang* «VorW Index ftatminary 1042 0 0 7 7 5 0.6 5.0 1 0 11,1 l EAR ftetiminaiy ***** 06 41 XB 10J
    6,418 words

  • Page 24 Advertisements
    • 1289 24 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/ATW/BMN/UK/NAN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Destination APOSTOLOSII HDD/JDH/AQA QUOCTU GIAM INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER
      1,289 words
    • 551 24 vUOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOT RAMP HEIGHT SM lit MAO SAY OAL Otf TAMO AMIS 4201NS 6.4 M 17/05 U/06 22/06 27/06 25/06 TAUMT Af6l6 4001 mi 6.3 M 30/05 21/06 30/06 04/07 09/07 07/07 TAIISMAN Af6l7 320T«n 6.4 M 01/06 02/07 11/07 15/07 19/07 17/07 Ntw
      551 words

  • Page 25 Advertisements
    • 1160 25 WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R T \ki\ IAIA II UA I I IlirC *****588 (14UNES) FAX;*****)63 WAN HAI LINrS Custom* Service/Bookings Drert line (1800) *****200 V fciißfc*# PUT1L(03)334&MFAX:(03)*****2UP1NT1L(04)*****00M1-(04)2294*99 JOH TH: (07) 251W23 Ml (07)*****21 SUR TEL (031) *****75 Ml (031)*****14/ *****05 1 WWW.WOnhai.COm.Sg JCT TH: (021) *****
      1,160 words
    • 190 25 p. T. DJAKARTA LLOYD (PERSERO) AUSTRALIA FULL CONTAINER SERVICE As Agents Starship Agencies (MAL) Pte Ltd i W__CRNO VSL VOY SIN PKG FRt Ml SYP MEL ADL AM ESPRIT 025$ 14/05 U/OS 22/05 21/05 30/05 02/06 API JAKARTA 031S 21/05 23/05 02/0* 04/0* 06/06 09/06 KAMAKURA 026S 20/05 10/05 05/0*
      190 words
    • 1277 25 VESSEL VOY SIN Jiff MIP PUS VESSEL VOY SIN JKT SUB HKG USN PUS HANJIN KWAHGYANG 0273E 12/5 14/S 70/S 24/5 KMTC SINGAPORE 606S 14/5 17/5 18/5 23/5 27/5 28/5 (APE SANTIAGO 00I7E 19/5 21/5 27/5 31/5 KMTC KEELUNG 6065~ 21/5 24/5 25/5 "30/5 3/6 4/T VESSEL VOY SIN (ISA
      1,277 words
    • 918 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOY SIN P.KLANG (OUMMO W. SHEVA COLOMBO INDIRA GANDHI 0103W 08 MAY 09 MAY 12 MAY 1S MAY 18 MAY RAJIV GAHDHI "Iff 17 MAY HiT" OMIT ?4 MAY ~77mA? MtftBUIA YPMO37 7? MAY 73
      918 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5691 26 This >tiiiii ii> iiriii iiiriiii i i i 'i HA ETA Advertiser Vessel Voya<£ ETA ETA Advert sef Vessel Voyage SIN Dest'n Name Name Number Number SIN Oesrn Name Name «>: 29/05 14/06 China Shpg CMACGM SEINE SX239W *****898 To ABIDJAN (ABJ) 2003 Cote
      5,691 words
  • Page 26 Advertisements
    • 283 26 VtSStl VOY SJH PGU UN «3 PAC UNDA f727M ***** iT7O! PACIINTAN 9350 13/05 16/05 aitm 5575? TT755 ***** Mf BALI 1711 ***** 11/55 gcffpA »N #0 12/05 WHCTAH W5l M j?j tttitti 61M ii/ 65 14/65 ggjgg 4219 27/05 25/05 Vtsstl PKU VESStI VOY $!N PNK "KOTI K5T54 *****
      283 words
    • 248 26 VESSEL VOY PKL > I SIN KARACHI DXB BAB NHS DMM BIK KHOR IRAN BAABAEI PCL 8136 12/05 13/05 22/05 25/05 26/05 01/06 04/06 07/06 IRAN KORDESTAN PCL 8137 20/05 21/05 30/05 02/06 03/06 09/06 12/06 15/06 IRAN SHAHRYAR PCL 8138 29/05 30/05 08/06 11/06 12/06 1 18/06 21/06 24/06
      248 words
    • 110 26 BSA ik M MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOT SIN PKI PEN PGU CHIN SHWE HAW 90W SU> PAGAN 349W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PKL MARINE EMBtALD 1 SID SID SID
      110 words

  • Page 27 Advertisements
    • 5910 27 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF W.W. REAL ESTATE DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****4678G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting
      5,910 words

  • PROPERTY
    • 649 28 Returns are two-thirds more than UK stock indices: Knight Frank Bloomberg [LONDON] London's priciest homes' have risen US$5OO a day for the past 30 years, returning two-thirds more than UK stock indexes, said real estate advisers Knight Frank LLC. Prime
      Bloomberg  -  649 words
    • 436 29 Tussle could lead to one of the highest prices paid for land in Los Angeles area AP [LOS ANGFLFS] It doesn't take an apprentice to tell you that Donald Trump has expensive tastes. The publicity-unshy developer and television star is engaged
      AP  -  436 words
    • 536 30  -  Demand driven by companies, with some even looking to expand offices By ARTHUR SIM THE occupancy rate for prime office space islandwide rose in the first quarter of this year. According to a report by DTZ Debenham Tie Leung (DTZ), the Raffles Place area
      AFP  -  536 words
    • 381 30  -  By LESLIE YEE PRIME office rents in Singapore are rising rapidly. Rents which at present work out at $5 per square foot (psf) per month could go up by as much as 60 per cent by the end of next year, says
      381 words
  • Page 28 Advertisements
    • 436 28 HOB Hub Toa Payoh chu (tpy) mrt District 11, Thomson Road PIE I Jin Toa Payoh ~7 1 Land 41,688 sf some adjoining SL Freehold, GPR 2.8, 36 storeys Site c Close to HDB Hub, Novena Sq, MRT Medical a \i>\ Baiestier CHIJ (Toa Payoh), St Michael's, etc \f\ &2T
      436 words
    • 319 28 FAR EAST MANSION EXPRESSIONS OF INTEREST —cy Prime freehold residential HARD Rn orchard rd redevelopment site "Vr&yp/ Approximately 136,194 sqft Devonshire rp peter no g BgR R0 Plot Ratio 2.8, up to 36/ storey Excellent unobstructed views Near amenities reputable Easy access to Orchard Road Investment Properties Tel: 6224 8181
      319 words
    • 25 28 Joining forces? Announce the good news. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. MATS NOTICES I
      25 words

  • Page 29 Advertisements
    • 179 29 |EE Debenham Tie Leung I kwidlienol Property Adviseo 47 I FREEHOLD RESIDENTIAL M (f, §]t§ LAND AT CAIRNHILL CIRCLE ll «S3 iff mIeS Potential For 100 Apartments Plot Ratio 2.8 Building Height :Upto 20 storeys No STB required Tender closing on A Tuesday 30 May 2006, 4pm few CONCEPT LAYOUT
      179 words
    • 373 29 Prominent Rare Freehold 4 Storey Building 451 Joo Chiat Road For Sale y Land Area: 16,000 sqft (approx.) Gross Floor Area: > or 47,000 sqft (approx.) > Excellent Road Visibility k Convenient Accessibility L to Public Transport I jfeH |to L Paya Lebar MRT Proximity to Amenities \5 JfcL Convenient
      373 words
    • 69 29 INDUSTRIAL BUILDING FOR SALE BY TENDER Address: 55 Jalan Pemimpin Description: A 4-storey detached factory Tenure: 999 yrs wef 6 July 1885 Land Area: Approx. 33,519 sq ft GFA: Approx. 53,977 sq ft Tender Closing: 31 May 2006, 3pm For tender document, please contact: CB Richard ENs Bernard Goh: 6326-1232
      69 words

  • Page 30 Advertisements
    • 94 30 More than 250 years of uninterrupted history B ..Jfl IF' z^S (a!pSSlhM4L>i A -|§fi %MT ?v IU %s I* \s Selfwinding mechanical movement. Second timezone indicator. Day-night Date calendar powerreserve dial. White or pink gold *i* 1 VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. > Vacheron Constantin Boutiques Singapore: Ngee
      94 words