The Business Times, 16 May 2006
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2006-05-16
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The Business Times
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Title Section15 2006-05-16 1 THE BUSINESS TIMES Tuesday, May 16,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/200615 words
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Article, Illustration907 2006-05-16 1 TEH HOOI LING - Market watchers divided over whether it's a healthy correction or a trend reversal By TEH HOOI LING [SINGAPORE] Coming out of the Vesak Day break, the Singapore stock market was hit by its sharpest fall in over three years as the benchmark Straits907 words
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Article134 2006-05-16 1 STI 2,534.83 (-85.75) ST INDEX FUTURES 2,537.00 (-87.00) siMsa 300.83 (-10.85) SIMSa FUTURES 300.80 (-10.80) MARKETS Monday Change KLSECOMP 964.62 -1.43 NIKKEI 225 16,486.91 -114.87 HANG SENG 16,494.84 -407.01 SET INDEX 765.97 -16.53 JAKARTA COMP 1,429.54 -96.24 MANILA COMP 2,438.73 -79.47 SEOUL COMP 1,413.98 -31.22 SHENZHEN B 324.13134 words
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522 2006-05-16 1 LESLIE YEE - By LESLIE YEE [SINGAPORE] OCBC Bank looks as if it is planning to go deeper rather than wider. Following the bank's acquisition of shares in banks in Vietnam and China this year, chief executive officer David Conner said OCBC is not interested522 words
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Page 1 Advertisements
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Advertisement7 2006-05-16 1 B COMPANIES ™l i ir SPOTLIGHT Z:;'7 words
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Advertisement10 2006-05-16 1 PROPERTY Global outlook still positive: analyst PG 30 8 HI10 words
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Advertisement107 2006-05-16 1 SMALL CAPS Turning point for furniture maker Design Studio HHHI PGI3 MORE REPORTS HK, India markets take a beating PGI6 Yuan strengthens against greenback PG 14 Commentary: Wake-up call for S'pore market punters PG 3 Editorial: The US dollar decline PG 20 1 > I f Breguet. La passion laissa107 words
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Advertisement6 2006-05-16 1 RETT Singapore's 10th property trust PG26 words
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TOP STORIES
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Article449 2006-05-16 2 Toshiba may build flash memory plant in S'pore TOSHIBA Corp, the world's second-biggest maker of NAND flash memory, may build two more factories, including its first overseas plant, to combat rivals such as Samsung Electronics, executives familiar with the plan said. The company may spend as much as449 words
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Article, Illustration496 2006-05-16 2 ARTHUR SIM - Its core properties are Causeway Point, Northpoint and Anchorpoint By ARTHUR SIM [SINGAPORE] Frasers Centrepoint Trust looks set to be Singapore's 10th real estate investment trust (Reit), with an initial property portfolio worth $915 million. Frasers Centrepoint Ltd, a wholly ownedFILE PHOTO - 496 words
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Article, Illustration804 2006-05-16 2 OUR CORRESPONDENT - Five-month delay sends stock market sliding 2% By OUR CORRESPONDENT in uangKOK THAILAND'S Election Commission yesterday announced that a majority of parties had agreed not to hold the country's next general election until Oct 22. The three main opposition parties refused to attend theREUTERS - 804 words
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581 2006-05-16 3 Company to spend up to 300b yen on 5th plant in Japan Bloomberg [TOKYO] Toshiba Corp, the world's second-biggest maker of NAND flash memory, may build two more factories, including its first overseas plant, to combat rivals such as Samsung Electronics, executivesBloomberg - 581 words
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699 2006-05-16 3 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IT WOULD be fair to say that not since the days of the Sars epidemic some three years ago has the local stock market experienced a daily plunge of the likes seen yesterday, when at its low699 words
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Advertisement149 2006-05-16 2 people Clients wanted. (Only excellent companies need apply) www.thepeopleatwork.com Asia-Pacific Executive Search z o "c! v yp^SHHßgw^r^' o ISfiliiill s j|WMj €B€L THE ARCHITECTS OF TIME THE ARCHITECT SERIES Ebel proudly honors the legacy of Oscar Niemeyer and supports the vision of timeless architecture. Niter6i Contemporary Art Museum, 1996. Niter6i,149 words
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Advertisement20 2006-05-16 3 Head to CATS FASTADS in The New Paper for job opportunities! MATS i BUY IT SELL IT FtNO IT u20 words
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Advertisement7 2006-05-16 3 Ti Jf .ah^n^Jfc -ATfcj v^\5l mi nnyii7 words
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Page 4 Advertisements
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Advertisement56 2006-05-16 4 HITACHI l| v Inspire the Next Make decisions with an accurate overvj^f your company!? systems. mt- Possess adequate knowledge to accommodate changes in today's P 4* aggressive business environment and retain your company's IB competitive edge. Realise your company's potential growth. JJw w Start with the right solution. THE ONE56 words
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COMPANY NEWS
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Article, Illustration603 2006-05-16 4 OH BOON PING - It is banking on integrated growth, industry upswing, new opportunities By OH BOON PING SEMICONDUCTOR services provider Ellipsiz is relying on a three-pronged strategy of integrated growth, an upswing in the semiconductor industry and new opportunities in emerging markets in its attempt to603 words
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543 2006-05-16 4 MICHELLE QUAH - SECTION 76 TRIAL Subsidiary! not parent Broadway, offered loan, it says By MICHELLE QUAH LAWYERS for former Member of Parliament Lew Syn Pau and the executive chairman of Broadway Industrial Group Wong Sheung Sze launched a stern preliminary defence for their clients yesterday, on543 words
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Article, Illustration708 2006-05-16 5 LESLIE YEE - It wants more Indon branches; does not see a lot of loan growth in S'pore By LESLIE YEE OCBC Bank reported yesterday a 7 per cent year-on-year increase in net profit to $318 million for its first quarter ended March 31. OCBC's netFILE PHOTO - 708 words
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298 2006-05-16 5 GENEVIEVE CUA - By GENEVIEVE CUA THE Prudential group has set up a real estate investment management company focusing on properties in the Asia-Pacific (including Japan), in anticipation of strong inflows into property as an asset class. The company, Prudential Property Investment Management Singapore (PruPIM298 words
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Article, Illustration512 2006-05-16 6 MICHELLE QUAH - Company's organic business also sees growth; revamp reduces liabilities By MICHELLE QUAH CHINA Aviation Oil (CAO) presented a convincing picture of its financial turnaround yesterday with the release of its earnings report for the January-March quarter. The once-beleaguered jet fuel trader reported512 words
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Article, Illustration380 2006-05-16 6 CHEN HUIFEN - Subsidiary Golden Agri-Resources' profit jumps 91% By CHEN HUIFEN ASIA Food Properties Ltd (AFP) reported a more than 10-fold jump in first-quar-ter profit to $47.8 million, helped by its agri-business in Indonesia, higher margins, a foreign exchange gain and the absence of aFILE PHOTO - 380 words
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Article195 2006-05-16 6 C 0 Pharma Q3 earnings up 16% DRUG company C 0 Pharmaceutical Technology (Holdings) yesterday reported a 16.6 per cent year-on-year growth in net profit to HK527.3 million (555.5 million) for its third quarter ended March 31. 2006, despite keen competition in China. During the three months. C O's revenue195 words
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171 2006-05-16 6 Bloomberg JURONG Technologies Industrial Corp, which makes cellphone parts for Motorola Inc, reported a 12 per cent gain in first-quarter profit on an increase in orders. Net income rose to $16.5 million, or 4.06 cents a share, in the three months endedBloomberg - 171 words
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320 2006-05-16 5 GENEVIEVE CUA - By GENEVIEVE CUA FIDELITY Investments yesterday reported record inflows as assets raised in its unit trusts jumped by an estimated 50 per cent over a three-month period, from about US$BOO million in late-January to about US$l.2 billion currently. Ih an effort to320 words
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331 2006-05-16 9 ARTHUR SIM - S'pore-based firm focuses on high-end projects in China By ARTHUR SIM PROPERTY developer Yanlord land Group lodged its preliminary prospectus for an initial public offering (IPO) with the Monetary Authority of Singapore (MAS) yesterday, dispelling some speculation that it was seeking a listing on the331 words
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COMPANY BRIEFS
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51 2006-05-16 9 SUN Business Network is placing out up to 30 million shares at seven cents each, representing 3.2 per cent of its issued capital. The placement agent is UOB Kay Hian. The net proceeds of $2.05 million will be used mainly as working51 words
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40 2006-05-16 9 APOLLO Enterprises has posted a Q1 profit after tax of $1.1 million, up from $473,000 last year. Revenue went up 18.8 per cent to $20.5 million, as the group's hotels experienced improved occupancy.40 words
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43 2006-05-16 9 SHANGHAI Turbo has reported a 78 per cent fall in Q1 net profit to 1.5 million yuan. For the three months ended March 31, revenue slipped 55 per cent to 14 million yuan.43 words
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45 2006-05-16 9 BOOSTED by sales in China, Want Want Holdings yesterday reported a 34.4 per cent jump in Q1 net profit to US$3B.B million. This was on the back of a 28.4 per cent gain in revenue to U*****.5 million.45 words
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35 2006-05-16 9 INTERRA Resources posted a Q1 net profit of $583,000 compared to $863,000 last year. This was despite a 36 per cent increase in revenue to $5 million.35 words
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41 2006-05-16 9 OIL and gas exploration firm Pearl Energy yesterday said Murray Eldon Hesje has resigned as chief operating officer and as president of Pearl Oil (Thailand). Mr Hesje is returning to Canada to pursue other interests.41 words
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48 2006-05-16 9 SEA View Hotel's net profit for the nine months ended March 31 slipped to $141,000 from $669,000 a year ago. For the third quarter to end March, its loss was at $322,000, compared to a net loss of $1.4 million ayear ago.48 words
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43 2006-05-16 9 APPAREL manufacturer Ocean Sky International yesterday said its Q1 net profit improved 25.2 per cent to $3 million. For the three months ended March 31, group turnover went up 32.3 per cent to $84.3 million.43 words
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60 2006-05-16 9 LUZHOU Bio-chem Technology Limited yesterday said its net profit for the quarter ended March 31 went up t0*24.8 million yuan, up from 5.3 million yuan in the same period last year. This was achieved on the back of a 39.6 per cent increase60 words
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36 2006-05-16 9 PACIFIC Healthcare Holdings has appointed Vitters Sim Yu Xiong as its financial controller. The group's chief finance officer, Terrance Tan Kong Hwa, has resigned upon expiry of his current employment contract.36 words
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50 2006-05-16 9 JUNMA Tyre Cord Company has reported a Q1 net loss of-8.6 million yuan, against a net profit of 13.3 million yuan in Q1 last year. For the three months ended March 31, revenue dipped 16 per cent to 416.7 million yuan.50 words
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41 2006-05-16 9 PROPERTY group SC Global Developments posted a 39 per cent year-on-year fall in net profit to $1.2 million for the three months ended March 31. Revenue rose 180 per cent to $34.4 million.41 words
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40 2006-05-16 9 PEOPLE'S Food Holdings yesterday reported a 2.4 per cent growth in Q1 profit to 171 million yuan. For the three months ended March 31, revenue went up 13 per cent to 2.1 billion yuan.40 words
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Article, Illustration388 2006-05-16 9 KRITI SINGH - Revenue of supply chain manager of agricultural products up 29% By KRITI SINGH OIAM International Ltd, a global, integrated supply chain manager of agricultural products and food ingredients, has posted a 25 per cent year-on-year rise in net profit to388 words
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222 2006-05-16 9 Bloomberg SHARES of Neptune Orient Lines yesterday suffered its heaviest fall in more than a year, after the operator of Asia's fourth-largest container shipping company posted a first-quarter profit decline, raising concerns earnings will worsen for the rest of the year. SharesBloomberg - 222 words
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Advertisement196 2006-05-16 5 iiiii iiiinfli* iti i P Credit Agricole Private Bank. Imagine a private bank that combines strength and dedicated service j >''" y .1 < 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 Private196 words
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Advertisement127 2006-05-16 6 Ability Matters. Not Thanks to rota and training can continue working and dont need to worry about my future. Yeo Chai Hoon, 48 M I Engineering Assistant I Murata Electronics m if wLi^^. 11 L- j& The advantage is yours Murata gains the advantage by recognising that the ability of127 words
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Advertisement4427 2006-05-16 7 VOLUNTARY CONDITIONAL OFFER By OOCBCBank OVERSEA-CHINESE BANKING CORPORATION LIMITED (Company Registration No. *****0032W) (Incorporated in the Republic of Singapore) for and on behalf of adyojjfce SCTTYnited ADVANCE SCT LIMITED (Company Registration No. *****4283 C) (Incorporated in the Republic of Singapore) For GREEN WORLD HOLDINGS LIMITED (Company Registration No. *****3944K) (Incorporated4,427 words
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SINGAPORE MARKETS
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Article, Illustration538 2006-05-16 8 R SIVANITHY - STOCKS Major index losers are the banks, Keppel Corp and Singapore Telecom R SIVANITHY Senior Correspondent ONLY China stocks held firm yesterday as the bottom fell out of the local stock market when US inflation/interest rate fears, which had been simmering below the surfaceSource: Bloomberg - 538 words
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Article, Illustration1023 2006-05-16 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 15 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr COOP) ('000) HeShe Hldgs 15-May-06 Soh Kim Yong OE ***** na ***** 2.95 ***** 4.36 See Hup Seng 15-May-061,023 words
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Article, Illustration1013 2006-05-16 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Pine Agritech May 15 market dose: 552.12 KIM ENG RESEARCH, May IS PINE Agritech may be getting more traction on its high-margin new products faster than expected. As they are for immediate delivery upon receiving customer confirmation, they should have a positive earnings impact verySource: Bloomberg - 1,013 words
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Article, Illustration539 2006-05-16 8 CURRENCIES AFP [TOKYO] The dollar fell against the yen and struck a fresh one-year low versus the euro in Asian trade yesterday after news of a smaller US trade deficit provided only fleeting respite, dealers said. Meanwhile, the yuan strengthened beyond eight toAFP; BLOOMBERG - 539 words
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Page 9 Advertisements
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Advertisement400 2006-05-16 9 >AT^ NOTICES IN THE MATTER Of THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LOW PENG KUAN INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****0609N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50, the Final400 words
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Advertisement186 2006-05-16 9 M Ivl- IM-i Ik m K m\ 1 lr HA ,<r -JW I|l 1 1 > »gf r^V tliM Our qualified professional* can assist you with offshort structures, shelf companies and incorporations in ALL Caymantolandg^; Bahamas Mauritius ■■HHHHHHH Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are186 words
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SINGAPORE NEWS
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Article, Illustration540 2006-05-16 10 UMA SHANKARI - Veteran healthcare administrator Eunice Tay to get $13.500 a month By UMA SHANKARI THE National Kidney Foundation's new chief executive Eunice Tay took up her post just two weeks ago, but the veteran healthcare administrator already has her priorities in place. "TheLAU FOOK KONG/ST - 540 words
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375 2006-05-16 10 VEN SREENIVASAN - By VEN SREENIVASAN SOME 1,700 debentureholding members of NatSteel's Raffles Marina can start signing up for the court-approved Scheme of Arrangement to convert the money owed to them into a stakeholding in the club, a second transferable membership, and an extension of their current375 words
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Article295 2006-05-16 10 RETAIL sales in Singapore in March grew by 12.3 per cent year-on-year to reach $2.89 billion, driven by increased sales of motor vehicles, consumer items and petrol, the Department of Statistics said yesterday. Motor vehicle sales saw the greatest surge, growing by 17.5 per295 words
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467 2006-05-16 10 WONG WEI KONG - Court to rule on wrongful dismissal suit on Friday By WONG WEI KONG IN an unexpected twist to events, former DBS chief executive officer Philippe Paillart has won a major concession from a business partner he had sued over a company called Earth Science467 words
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Article193 2006-05-16 10 PASIR Ris will set new standards in shopping and entertainment when a food and entertainment mall, with a 32-lane bowling centre and a 25-metre ferris wheel, is ready in November 2007. The $80 million project by NTUC Club is part of its plan to193 words
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153 2006-05-16 10 THE Singapore Press Holdings (SPH) Foundation has signed a Memorandum of Understanding (MOU) with the Singapore Disability Sports Council (SDSC) to sponsor the Junior Athlete Development Programme (JADP). The programme aims to provide more opportunities for the disabled to take part in sports and153 words
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157 2006-05-16 10 THE Manpower Ministry yesterday said its Manpower Research and Statistics Department would be conducting a Labour Force Survey from May 21 to July 31. The survey aims to collect data on employment, unemployment and other economic characteristics of the population to help in157 words
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Page 10 Advertisements
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Advertisement130 2006-05-16 10 11 armchair travelling at your dining table! You vfl don t have to buy a plane ticket to Taiwan, for its round-the-clock food streets and eating houses, come to you right here at the club's Captain's Table. Feast on an ala carte buffet of dishes from that region. This promotion130 words
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Advertisement32 2006-05-16 10 Riverside Indonesian Restaurant Riverside Point #01-04, Tel: 6535 0383 25% off a la carte dishes (not valid for drinks and beer) Only when you charge to your Diners Club Card. T&C Apply.32 words
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SMEspotlight
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Article, Illustration921 2006-05-16 11 JURENA CHAN - APS aims to streamline and fine-tune its work rather than expand, says JURENA CHAN JURENA CHAN CONTRARY to what many companies say they aim to do expand and conquer the world APS Asset Management has the less grandiose aim of streamlining and finetuning itsFILE PHOTO - 921 words
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Article, Illustration668 2006-05-16 11 NANDE KHIN - By NANDE KHIN HOMEGROWN broadband and data communications service provider LGA Pte Ltd is betting on voice over Internet protocol (VoIP) to expand its regional presence. "We think that voice applications will be the next big thing," said Daniel Ang, chief executive and668 words
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Article, Illustration753 2006-05-16 12 SENTHIYL S - SME bosses often find that people problems and conflicts come in the way of their employees focusing on the company's objectives and results, says SENTHIYL S SENTHIYL S jtfSJHfk MALL and medium-sized enterprises often do not have the capacM ity that larger organisations have forAFP - 753 words
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Article5584 2006-05-16 12 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8.52/ ACMGI Amer Income A EUR 6 6V ACMGI Amer Income B EUR 6.66/ MN Ainro Asset Mgt (S pore) ACMGI Europ Income Opp AT SGD 15.07/ Itar Europe Eqty'*" 0.963/ ACMGI Europ Income Opp BT SGO 15.07/ M» Ei/ope Bond 1162/5,584 words
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Article, Illustration883 2006-05-16 13 GRACE CHONG - Equipped with its own in-house brands of products, Design Studio is eyeing newer overseas markets, writes GRACE CHONG GRACE CHONG LINFZ, the latest extension to Design Studio Furniture Manufacturer's range, is a collection of exquisitely designed lined veneer flush doors promoted as "not just aARTHUR LEE - 883 words
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Article345 2006-05-16 13 TEH HOOI LING - By TEH HOOI LING THE long-awaited correction finally came to the Singapore market with a wham! Yesterday, the Straits Times Index (STI) fell 85 points, its biggest one-day loss since 2003. For the week to yesterday, the STI was down 4.6 per cent. Our345 words
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Page 11 Advertisements
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Advertisement8 2006-05-16 11 MM i mm, jammmmmmmmmmmgmtf' JmVV .w J#g| s8 words
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Page 12 Advertisements
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Advertisement34 2006-05-16 12 H i You can now use your CPF savings to invest in AllianzGI Global Allianz(fiT) I Hiah Pavout Fund. Visit OCBC Bank for more details. ciobai investors tw 1 5# company regn no *****7169Z34 words
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Page 13 Advertisements
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Advertisement218 2006-05-16 13 Even when abroad, our Hospitalisation and Surgical plans give you complete protection You can't pack your doctor when you travel overseas. But Enjoy added peace of mind with enhanced features such as: thankfully you can enjoy comprehensive protection wherever Policy guaranteed renewable until 85 years old you are with ASSURE218 words
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ECONOMY WATCH
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Article, Illustration602 2006-05-16 14 China to further improve yuan exchange rate: draft report Reuters IBFIJINGI China will press ahead with reform of its currency regime with the aim of making the yuan more responsive to market forces, according to a draft of a joint statement by ChinaReuters; REUTERS - 602 words
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Article2337 2006-05-16 14 VOL Gamuda .4.14 -0.12 1411 May IS W- 0*00) General Corp 0.63 -005 350 Genting .24.00 -0.40 920 Aft M Realty 1.60 0.18 3 George Kent ....0.60 urxh 82 Abric 036 -0.04 282 GHL Systems .0.25 -0.04 ***** ACP Industries 108 -0.11 490 GlobetronksTedi 0.32 -0.02 2225 Advance2,337 words
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438 2006-05-16 14 Bloomberg [BEIJING] The yuan strengthened beyond eight to the US dollar for the first time since last July's revaluation as traders bet China's government will allow faster gains to win US support for its currency policy. The US Treasury Department decided againstBloomberg - 438 words
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Article, Illustration414 2006-05-16 14 Bloomberg [TOKYO] Japan's current account surplus widened to a record as companies brought home profit from abroad and overseas demand for cars and electronics lifted exports. The surplus rose 33 per cent to 2.39 trillion yen (*****.6 billion) from a year earlier,Bloomberg; BLOOMBERG - 414 words
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528 2006-05-16 14 CLARENCE MICHAEL - By CLARENCE MICHAEL in Dubai KUWAIT revalued the dinar for the first time since January 2005, allowing a one per cent appreciation against the US dollar, sparking speculation that other countries in the Gulf Cooperation Council may follow suit. The dinar528 words
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MALAYSIA/INDONESIA
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Article, Illustration636 2006-05-16 15 SHOEB KAGDA - INDONESIA INSIGHT President Yudhoyono seeking a delicate balance to satisfy all groups SHOEB KAGDA Jakarta Correspondent IT'S exactly eight years this week that President Suharto stepped down after 32 years in office amid chaos and carnage. Following four days of636 words
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BRIEFLY ASIA
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98 2006-05-16 15 Bloomberg [KUALA LUMPUR] Genting International, the overseas investment unit of Asia's biggest publicly traded casino group, reported a profit in the first quarter from a loss a year earlier as sales more than doubled. The company, a unit of Kuala Lumpur-based Genting Bhd,Bloomberg - 98 words
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113 2006-05-16 15 Reuters [MUMBAI] Top Indian real estate firm DLF Universal Ltd's IPO size is likely to be 75 per cent higher than an earlier estimated US$2 billion, sources said. The company, whose IPO is expected to be the biggest everwn the Indian market,Reuters - 113 words
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113 2006-05-16 15 [HONG KONG] Ping An Insurance, the mainland's second-largest insurance group, is eyeing a stake valued at about US$5OO million in Shenzhen Commercial Bank to expand its nascent banking platform, according to the South China Morning Post. The Shenzhen-based financial holding company last week113 words
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Article348 2006-05-16 15 Reuters [KUALA LUMPUR] Malaysia's biggest publicly traded firm, Malayan Banking Bhd (Maybank), said third-quar-ter earnings dropped 6.6 per cent from a year earlier due to higher taxes and bad-loan provisioning. Analysts had expected Maybank, with a market value of almost US$l2 billion, to report higherReuters - 348 words
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608 2006-05-16 15 S JAYASANKARAN - Move could be first step in MMC's own restructuring By S JAYASANKARAN in Kuala Lumpur MALAKOFF, Malaysia's largest independent power producer, is to be taken private by Malaysia Mining Corporation (MMC) in a deal that will cost the infrastructure, ports and608 words
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Advertisement33 2006-05-16 15 liTill Lianhe Zaobao I Where would I to V/UMi) I U r rU I I or Chinese I I funds I I flow into? I I ©1,***** I flk i§ I I I33 words
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Advertisement198 2006-05-16 15 Spring fever is taking over! Simply fly ANA from Singapore to Japan and get to shop for free atTakashimaya, Isetan or Robinsons! That's not all, you will also get a one- V way free excess baggage allowance! Just our way of saying thank you for your support these past 15198 words
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GREATER CHINA/INDIA
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639 2006-05-16 16 Market hit by worries over Fed rate hikes, rise in US import prices Bloomberg [HONG KONG] Hong Kong stocks had their biggest decline in almost two years after a US import prices report fuelled concerns that the Federal Reserve will keepBloomberg - 639 words
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379 2006-05-16 16 Bloomberg [SHANGHAI] Semiconductor Manufacturing International Corp China's biggest chipmaker said the Wuhan city government will invest as much as US$3 billion to build a factory in the central province of Hubei. Wuhan will spend between US$l.5 billion and US$3 billion to buildBloomberg - 379 words
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295 2006-05-16 16 AFP [MUMBAI] Indian share prices yesterday crashed almost 4 per cent in its highest intraday fall in nearly two years on weak Asian market trends and a meltdown in key metal prices at the London markets, dealers said. They said the benchmarkAFP - 295 words
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273 2006-05-16 16 [HONG KONG] Global financial giants HSBC Holdings and Citigroup will take a stake in Hualian Commercial Building's 11.5 billion yuan (552.3 billion) pre-IPO private placement, The Standard reported. Tianjin-based retailer Hualian Group is preparing to spin off its supermarket and department stores operation273 words
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382 2006-05-16 16 [HONG KONG] Hong Konglisted Pico Far East Holdings a global events marketing company with offices in Singapore is in talks to acquire two exhibition-re-lated firms in the United States and Europe, strengthening its presence overseas, according to The Standard. "We382 words
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Article, Illustration741 2006-05-16 16 SIDDHARTH SRIVASTAVA - ANALYSIS By SIDDHARTH SRIVASTAVA in New Delhi THE past few days have witnessed countrywide protests by medical students against a government move to reserve seats for low-caste students in institutes of higher education. Police in Mumbai beat up protesting doctors, a move thatAP - 741 words
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359 2006-05-16 16 The Economic Times [MUMBAI] Caught on the wrong foot with a spate of irregularities in recent initial public offers (IPOs), the Securities and Exchange Board of India (Sebi) is planning to tighten loose ends by grading firms involved in the forming, marketingThe Economic Times - 359 words
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Page 16 Advertisements
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Advertisement107 2006-05-16 16 J ,t!f -*4 CONSULTANCY SERVICES FOR INDIA Specialising in selected infrastructure sectors, including power and construction, we are a firm of consultants based in Delhi. Formerly from the Govt. of India, we can assist in financial matters and company related affairs. We can represent foreign companies and take care of107 words
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ASIA-PACIFIC/WORLD
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Article, Illustration506 2006-05-16 17 It is seeking to fend off an unsolicited bid from Teck Cominco Bloomberg [LONDON] Inco Ltd boosted its friendly offer for Falconbridge Ltd by 11 per cent to C 519.6 billion (5527.6 billion), sweetening a bid that would create the world's largest nickel producerBloomberg; REUTERS - 506 words
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319 2006-05-16 17 Weekly average of 163m listeners tune in to broadcasts AFP [LONDON] Record numbers of radio listeners are tuning into the BBC World Service, the public broadcaster said yesterday. The Service is attracting an average of 163 million listeners per weekAFP - 319 words
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349 2006-05-16 17 Bloomberg [LONDON] Eurotunnel SA, seeking to avoid a second brush with bankruptcy, said it's in talks with creditors and with Goldman Sachs Group Inc and Macquarie Bank Ltd to try to reduce its £6.3 billion (Ssl 8.7 billion) of debt. "We are in advanced negotiationsBloomberg - 349 words
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WORLD WATCH
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95 2006-05-16 17 Bloomberg [BANGKOK] Airports of Thailand pic, which operates five international airfields including Bangkok and Phuket, reported profit rose 42 per cent in its fiscal second-quarter as its earnings rebounded from the effect of the December 2004 tsunami and benefited from foreign exchange gains.Bloomberg - 95 words
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88 2006-05-16 17 Bloomberg [SEOUL] Samsung Heavy Industries Co, the world's third-largest shipbuilder, posted a profit in the first quarter compared with a loss a year earlier, as it received more orders for new vessels and had better profit margins. Samsung Heavy had a profit ofBloomberg - 88 words
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80 2006-05-16 17 AFP ■w W ■> [LONDON] Anglo-Swedish drugs giant AstraZeneca yesterday announced that it had agreed to buy Britain-based Cambridge Antibody Technology in a deal valuing the group at £702 million (Ss2.l billion). AstraZeneca, which already owns 19.2 per cent of CAT, willAFP - 80 words
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67 2006-05-16 17 Reuters [LONDON] Britain spends a higher percentage of its healthcare budget on cardiovascular disease than any other EU country, researchers said yesterday. The killer disease costs the UK £17.4 billion (Sss2 billion) a year, or 18 per cent of its total healthcare spending. WhenReuters - 67 words
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Article, Illustration411 2006-05-16 17 AP [TOKYO] Japan's former government spokesman Yasuo Fukuda has emerged as a contender to be the next prime minister behind the current spokesman Shinzo Abe, newspaper polls said yesterday. A poll by Japan's business daily Nihon Keizai found support for MrAP; REUTERS - 411 words
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Article, Illustration55 2006-05-16 17 [JAVA] Mount Merapi volcano releases a huge cloud of hot ashes early yesterday as seen from Srumbung village in Magelang. Central Java. Clouds of deadly hot ash, rock fragments and volcanic gas surged down Merapi's slopes as activity at the towering mountain intensified to its highest level yet.AP - 55 words
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569 2006-05-16 17 The denim pants have a high waist, wider legs and added stretch to make kneeling during prayer more comfortable Bloomberg [ROME] LUCA Corradi learned his trade designing US$3OO skirts for MaxMara in Milan. Now he wants to make a fortune selling US$35 jeansBloomberg - 569 words
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AVIATION
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Article, Illustration597 2006-05-16 18 Airlines, airport operators must adapt or be left behind AFP [SINGAPORE] The commercial aviation sector faces a critical five years where the two key players airlines and airport operators must take the initiative to innovate ahead of a new era in passenger travel,AFP; REUTES - 597 words
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Article2213 2006-05-16 18 CITY FLIGHT ETA FUCHT ETD SQ493 0735 EK433 0325 EK404 1405 EK352 2225 Adoiaidi LH9771 1750 AF8088 2215 S* 348 650 '"g** |H| SQ230 1750 BA7382 2215 '55° ***** AF8087 1850 QF82 2215 §~K; 552 BA7381 1850 LH9770 2345 r£,l i«n QF81 1850 %g UW«2 06352,213 words
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366 2006-05-16 18 Euarng Luang will also fly to Laos, Vietnam, Cambodia Bloomberg [BANGKOK] Thai Airways International Pel, the country's biggest airline, will start operations of a new fully-owned discount carrier later this year to compete with rival Air Asia Bhd for travellersBloomberg - 366 words
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LOG BOOK
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94 2006-05-16 18 Bloomberg [HONG KONG] Beijing Capital International Airport Co, China's biggest airfield operator, handled more passengers and cargo in April than a year earlier after economic growth boosted travel demand and cargo movements. The number of travellers using the Beijing airport rose 24 perBloomberg - 94 words
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121 2006-05-16 18 Reuters [SAO PAULO] Brazil's Embraer, the world's fourth-largest maker of commercial aircraft, on Friday reported a first-quarter net profit sharply lower from a year ago, citing a stronger local currency. Embraer had a net profit of 86.9 million reais (5564.3 million) in theReuters - 121 words
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77 2006-05-16 18 Bloomberg [MANILA] Cebu Air, the second-largest carrier in the Philippines, may start flying to Singapore, Indonesia, Malaysia and Thailand within the next 12 months as new planes arrive. The airline unit of JG Summit Holdings will receive six Airbus A 319 aircraft betweenBloomberg - 77 words
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296 2006-05-16 18 Reuters [NEW DELHI] India's first budget airline, Air Deccan, will add nearly 100 planes over the next seven years, building a 125-strong fleet by 2013, a company official said on Friday ahead of a planned public stock offering. Devesh Desai, Air Deccan'sReuters - 296 words
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Page 18 Advertisements
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Advertisement73 2006-05-16 18 BT/ZUJI Deals of the Week BUSINESS (from ECONOMY (from f HOTEL (from Paris $2899 $850 $114 (Thai Airways) J (KLM) obmmcts waeacwssa—s Kaamumim* woblhhi Bangkok j $630 (Thai Airways) $148 (IX) $51 I cloudy ho* KM* t Taipei I $1365 (China Airlines) $484 (China AMnes) $142 4f Rain Rome I73 words
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Page 18 Miscellaneous
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Miscellaneous110 2006-05-16 18 CRYPTIC CROSSWORD 1 Unofficial law-enforcer is nev- Going round, one after anoth.s There isn't enough new an n m na VB Ue 26 Tie wears out to a certain ex- let 4 Scot-free, 5 Go downhill, 6 tent (2,2,4) 2 Hardy like bottom of bird- land (11) Versus 8 Digest,110 words
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SHIPPING/AVIATION
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Article, Illustration679 2006-05-16 19 NYT [ATLANTA] Bankruptcy has meant smaller paychecks for most people at Delta Air Lines, and, at least for now, that includes top executives. The Atlanta airline's top brass is near the bottom of the industry in compensation, according to recent regulatory filings, after leadingNYT; AFP - 679 words
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Article, Illustration713 2006-05-16 19 GEORGE JOSEPH - It is seeking investors to operate new terminals and develop logistics, warehousing facilities By GEORGE JOSEPH [SINGAPORE] The French port authority of Le Havre, in expanding its port capacity to attract more cargo from Asia, is looking at investors keen onFILE PHOTO - 713 words
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Article, Illustration294 2006-05-16 19 AP [NEW YORK] One of America's deadliest airline disasters nearly five years ago is subject to general maritime laws, a judge has ruled, allowing potentially higher damages for dozens of people who sued. US District Judge Robert Sweet ruled last week the crashAP; BLOOMBERG - 294 words
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224 2006-05-16 19 Reuters [TOKYO] All Nippon Airways Co (ANA), Asia's No 2 airline by market value, said yesterday it was considering launching a new low-cost carrier by 2009 in anticipation of increased competition as Japanese airports expand their capacities. ANA aims to attract more customers with aReuters - 224 words
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Article, Illustration339 2006-05-16 19 Bloomberg [TOKYO] Nippon Yusen K K, Japan's largest shipping line, said its distribution and logistics businesses may double their contribution to profits in the next five years, as it diversifies to reduce dependence on seaborne cargo. Non-marine transport may makeBloomberg; FILE PHOTO - 339 words
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98 2006-05-16 19 [SINGAPORE] PSA International Pte, the world's secondbiggest container port operator, said it handled 4.4 per cent more containers in Singapore in the first four months from a year earlier, because of expanding trade. The operator, whose container volumes rose to a record98 words
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153 2006-05-16 19 Bloomberg [LONDON] Quintana Maritime Ltd, a Greek dry bulk shipping company, bought 17 commodity carriers from Metrobulk Holding for US$735 million, strengthening its position as a shipper of raw materials such as coal and iron ore. Quintana acquired eight second-hand vessels and nine underBloomberg - 153 words
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Article280 2006-05-16 19 sax WKHKH 'mo May IS SS W- Vol CH Offshore .038 -0.01 981 Chuan Hi4> J .34 -0.01 2675 Cosco Corporation 1.31 -0.08 10*44 CWT Distribution 122 -0.05 37 EzraHidgs 339 -0.09 1916 FreightUnks 0.08 -0.01 646 Grand Banks Yad* .0*7 unch 22 Jaya Holdings 1.38 -0.10 1373280 words
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EDITORIAL & OPINION
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Article567 2006-05-16 20 EDITORIAL THERE is a palpable fear now in Japan and elsewhere in Asia that a major upheaval could be in the offing for currency markets as the yen (and the euro) continue rising against the US dollar. What is happening now does not look like being567 words
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Article, Illustration1007 2006-05-16 20 LEON HADAR - Secret talks may be in progress in an attempt to ward off a potential military confrontation LEON HADAR Washington Correspondent ARE US and Iranian officials holding secret talks to try prevent the diplomatic tensions between them from deteriorating into a militaryREUTERS - 1,007 words
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Article, Illustration759 2006-05-16 20 SHAM ISLAM - THE BOTTOM LINE SHAM ISLAM Brussels Correspondent PITY Jose Manuel Barroso. With most European leaders embroiled in either domestic scandals. Cabinet reshuffles or reform angst, Mr Barroso, as head of the EU's executive commission, has been handed the almost759 words
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Article, Illustration1588 2006-05-16 21 TOM PETRUNO - Unlike before, emerging nations are setting the pace of global growth today, overshadowing the US, Europe and Japan By TOM PETRUNO LAT-WP THE global economy is on a growth streak that is shaping up to be the broadest and strongest expansion in more than threeLAT-WP; REUTERS - 1,588 words
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Article, Illustration907 2006-05-16 21 WILLIAM PESEK JR - WILLIAM PESEK JR A FUNNY thing is happening to China on its way to ruling the global economy: It's realising the power of a man named Ben Bernanke. Federal Reserve chairman since Alan Greenspan stepped down in January, Mr Bernanke has continued theAFP - 907 words
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Article11201 2006-05-16 22 SGX MAINBOARD Transaction date: May 15 52-Wk Tel Last Vol Day last Quote Grow D«v Oftld Ntt MCap High Low Code Company Sate +7- COOP) High Low Buyer Salar Cw W W 5 1 5716 1st Software 5c 2.5 0 5 430 2.5 2.5 2 2.5 10.1 16.511,201 words
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Article6496 2006-05-16 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt l» SS In USS dy yr dy r d* *y ML»y M lrx>e« Change Change Charge Change Change Change The Wortd inde* Preliminary 1018.8 -13 5.1 -09 3' VI 9.4 i EAf£ Pielimtnary 1035 2 -18 6 4 li 886,496 words
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Page 24 Advertisements
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Advertisement1255 2006-05-16 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 Sinqapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E.JS.E.A. SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA Destination PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT QUOC TU GIAM INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia1,255 words
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Advertisement523 2006-05-16 24 v\)w WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa vot sw uc mo say ial <*f TAIKO AMIS 4201NS 4.4 M U/05 11/0* 22/ M 27/0* 25/06 TALAIOT Af6l6 400 fes 4.3 M JO/05 21/0* 30/04 04/07 09/07 07/07 TAUSMAN AHI7 320Tau 6.4 M M/M 02/07 11/07 15/07 19/07 17/07 Ntw York523 words
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Page 25 Advertisements
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Advertisement1147 2006-05-16 25 WAN HAI INTERNATIONAL PTE LID CR N<k **********0/R VTTi\ lilftll LI A I I llirr T1L*****588 (14UNES) F«:*****163 WN 1 WAN HAI LINES stonierSwviw/BoakkgjDirectUm-(1800)*****200 Y V "Hll lini Mllhll TO 1R: (03)334*8888FAX:(03)*****288fW11L(M)22*5100FAX:104)229*899 JOHIH: (07) *****23 FAX. (07)*****21 SURIR: (031) *****75 FAX: (031) *****14/ *****05 WWW wanhai com sg jnitL (021)1,147 words
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Advertisement197 2006-05-16 25 |MmiP. T. DJAKARTA LLOYD (PERSERO) ||G AUSTRALIA FULL CONTAINER SERVICE As Agents Storship Agencies (MAL) Pte Ltd Operator Code: DJ CR NO. **********QH YSt IVOT St PK6 nw m STB MB AM API MIS 71/ OS M/OS 07/04 04/04 06/04 09/04 IMUIIM 074S 70/05 30/05 85/06 11/04 13/04 14/04 AM—f197 words
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Advertisement1070 2006-05-16 25 |-jn EASTERN CAR LINER, LTD |V A SPECIALIZE IN RORO t HEAVY LIFT UPTO 450 TOWS INTtA-ASIA SERVICE VOY tm* Ufttaf SM PGU WOQI) WW WW JKT IP «UA SW UFO ITII COSMIC liAOa 75 40 ~40 H/PS 20/0S 77/05 27/ OS AZALEA ACE 35 10 "7576T 71/05 GAUPEMIA ACI1,070 words
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Advertisement847 2006-05-16 25 m gj®as&* WEEKLY EXPRESS SAIUMG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN »CP POINTS vtssa vot an I pjoang coumbo usheva cmmmo HOWIAHIIIDGt 005 ?W MMAT 30MAT 02JUW 05JIM OUIIII mam ywmis "n* i""" MJ|M| nun liiiu— MIU6MIDHI loiMwllijUß 13 JW U XtW IfiUW 22 JW ALSO ACCEPTING FQ847 words
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THE BUSINESS TIMES SHIPPING TIMES
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5681 2006-05-16 26 This HA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Oesfn Name Name Number Number V: 23/06 29/07 NGPL MAHINABANK SP198 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/07 10/08 NGPl TIKEIBANK 4P199 *****2885,681 words
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Page 26 Advertisements
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Advertisement300 2006-05-16 26 Vtsstl VOY SIN PCU SIM ffil PACIANDA 1732N i77OS ***** PACIINTAN 9351 20/05 23/05 (Sf Uot 5575P tt755 WM MCUU WT?***** ***** PACUNDA i733M i? 755 WORTH 9355 ***** ***** flFiMl 67W w/li ***** I PMUU 4750 79/05 01/ M VESStI VOY SIN PKU VESSEL VfiY SIN PWK LCCMI R5T55300 words
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Advertisement200 2006-05-16 26 VESSEL VOY 1 Pta I SIN KARACHI DXB BAB NHS PMM BIK KHOR IRAN KORDCSTAN PCL 1137 20/05 21/05 30/05 02/06 03/06 09/06 12/06 15/06 IRAN SHAHRYAR PCL «13« 29/05 30/05 01/06 11/06 12/06 l»/06 21/06 24/06 IRAN BAABAII PCL 8140 05/06 VESSEL VOY SIN NHAVA SHEVA JEBEL AU COLOMBO200 words
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Advertisement109 2006-05-16 26 BSA ik MYANMA WBM FIVE STAR UNE (My—f Notioaol Um) Loodißg for Y o>9or visscl vor sm na pen rau am shwi haw ww su> PAGAN 349W SU IN MALAYSIA: IOUSTIAD SNIPPING AGENCIES KUI/PKL 03-*****338 PEN: 04-2*3311 S AM*™* ACCEPTING CONVENTIONAL CBO VESSa VOY MK SM PA RAVEOOAN 34 90109 words
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Page 27 Advertisements
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Advertisement3447 2006-05-16 27 IA MATS I NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT-SELL IT-FIND IT ——^————n^—— CLARIDEN BANK FINANCIAL REPORT 2005 Important: The following notice contains only a summary of the financial statements of Clariden Bank, Zurich, for the year ended 31 December 2005. The notes to the financial statements published3,447 words
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PROPERTY
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Article, Illustration627 2006-05-16 28 PAULINE NG - PPB Hartabina launches RM3m bungalows aimed at upgraders By PAULINE NG in Kuala Lumpur A PROPERTY unit of Malaysian tycoon Robert Kuok believes that upgraders in the working-class suburb of Cheras are willing to fork out for the sort of millionringgit homes more627 words
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614 2006-05-16 29 CLARENCE MICHAEL - Called the Culture Village, it will have residential, commercial, retail zones By CLARENCE MICHAEL in Dubai DUBAI Properties, part of the government-owned Dubai Holding, is planning to construct a US$l3.6 billion commercial and residential district to help attract tourists to the city. The project, to614 words
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482 2006-05-16 30 ARTHUR SIM - Outlook is still positive, says DTZ international research head By ARTHUR SIM IF there is a global property bubble, it is not about to burst even though prices are close to the top of the market, one property analyst says. Joe Valente, head of482 words
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Article, Illustration298 2006-05-16 30 CB Richard Ellis (CBRE) yesterday said it had appointed Alan Dalgleish as its executive director of CBRE Consulting, Asia. Mr Dalgleish, who will be based in Singapore, will be responsible for the strategic direction, co-ordination and development of the CBRE Consulting business line throughout298 words
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Page 28 Advertisements
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Advertisement111 2006-05-16 28 PERFECT SITE FOR REDEVELOPMENT INTO EXCLUSIVE LUXURIOUS CONDOMINIUMS LUCKY TOWER > m 1 •57 GRANGE ROAD I Plaza Singapore H Stopping I i Freehold 13 Cen,re I m sw Large regular site 169,188 sq ft Close proximity to Orchard Rd Shopping Belt Plot ra,io 21 In Build up to 24111 words
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Page 29 Advertisements
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Advertisement295 2006-05-16 29 savills I FOR SALE BY TENDER Prime Freehold Residential Site in the Heart of Orchard Road 57,241 sq. ft. of elevated land Mt Eliza Hospital *MP 2003 p,ot Ratio 2 8 U P tO 20 storeys Subject Within to Somerset MRT station, hST\A rn Paragon, Keeren, Centrepdint Shopping Centre, Paragon295 words
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Advertisement320 2006-05-16 29 RV NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Nanyang Executive Programs At The Cutting-Edge of Asian Executive Education < '■< nw—K-y ""'Hiiiimii v Regional Business Development Strategy Custom Programs 31 Jul -1 Aua 2006 We a,so otfer cor P° rate in house training programs specially tailored to meet the Corporate Finance320 words
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Page 30 Advertisements
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Advertisement395 2006-05-16 30 We are hosting an exclusive Investors' Cocktail Reception on Thursday, 18th May at The Grand Hyatt Hotel from 6.30pm You will learn where the property hot spots are right now and how to attract the best tenants. There will also be a presentation on tax matters for non-UK resident landlords395 words
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Advertisement134 2006-05-16 30 CTTMirm Chesterton* eu Freehold with 100% consensus l Site Area 24,146 sq ft PR 1-4; up to 4 storeys C Exclusive location near Orchard Rd For enquiries, contact: <T Mark Yuen: 9787 8654 Sirts Sic Email: mark.yuen@chesterton.sg r J Dev Raj: 9003 2680 Email: dev.raj@chesterton.sg For Sale By Tender Prime134 words
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Advertisement84 2006-05-16 30 Made a profit? Release your financial results and share it. Call 1800 289 8822 or email notiees@sph.com.sg to book your financial results in our newspapers now. ftSATS NOTICES a RARE OPPORTUNITY Detached Food Factory Pandan Loop Single-storey detached food ~2 factory with mezzanine office jk Land: 58,700 sq ft (approx.)84 words
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