The Business Times, 17 May 2006
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2006-05-17
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The Business Times
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Title Section15 2006-05-17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Wednesday May 17,200615 words
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481 2006-05-17 1 LESLIE YEE - He's also against the use of 'switch and bait' tactics By LESLIE YEE [SINGAPORE] DBS Group chief Jackson Tai welcomes competition in the Singapore banking market but what he wants is "a level playing field and sound competition". He told BT he481 words
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Article, Illustration722 2006-05-17 1 WONG WEI KONG - It also files US trade complaint to stop Apple from selling its iPod music players By WONG WEI KONG [SINGAPORE] Bruised from its battle with Apple Computer in the music player market, Creative Technology has fired its latest salvo in the courtroomSource: Bloomberg - 722 words
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Article133 2006-05-17 1 sn 2,513.70 (-21.13) ST INDEX FUTURES 2,516.00 (-21.00) simso 299.02 (-1.81) SIMSa FUTURES 299J0 (-1.50) MARKETS Tuesday Chang* KLSECOMP 959.94 -4.68 NIKKEI 225 16.158.42 -328.49 HANG SENG 16.393.11 -101.73 SET INDEX 761.87 -4.10 JAKARTA COMP 1.427.81 -1.73 MANILA COMP 2.460.19 +21.46 SEOUL COMP 1.382.11 -31.87 SHENZHEN B 324.13133 words
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Page 1 Advertisements
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Advertisement76 2006-05-17 1 EXEC MONEY Shield plans: More choices now PG 30 h TTours: Mon-Fri. 8.30, m 5.30pm Sat. 8.30™ 12.30pm Clc.d on Sunday, ft Public Holid.y, S.rvlce hour,: ©M TIMNS EIAOK4RS pte LTD I Eurokars Group of Companies Closed on Sunday, Public Holiday,. e.BAft. n iru.™ rt~mA c,m<W a. Public Holiday, www.saab.com.si76 words
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Advertisement47 2006-05-17 1 SGX launches new clearing facility THE INSIDE STORY BT puts Singapore banking in the spotlight: How do key players see the industry? What goes into the making of a private banker? Have interest rates and the stock markets peaked? A 26-page special with today's BT 8 Rl47 words
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Advertisement17 2006-05-17 1 MOTORING Parallel imports: Beware of the low prices PG2B COMMENTARY Creative's battle beyond the courtroom pg 217 words
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Advertisement5 2006-05-17 1 October election date rejected PG45 words
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TOP STORIES
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Article, Illustration605 2006-05-17 2 WONG WEI KONG - COMMENTARY A legal victory may come too late if Creative keeps losing in the product market in the meantime WONG WEI KONG Senior Correspondent CREATIVE Technology's lawsuit and trade complaint against Apple Computer, while head-line-grabbing, should not divert attention from the "Singapore company's deteriorating ♦fundamentals.605 words
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Article455 2006-05-17 2 Global hotel investment deals hit record USs4sb DEALS involving buying and selling of hotels in various parts of the world surged 63.5 per cent last year to hit a record U5545.2 billion, said Jones Lang LaSalle Hotels yesterday. One of those transactions was the US$l.l billion sale of455 words
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Article, Illustration565 2006-05-17 2 MICHELLE QUAH - Choice makes big difference to bottom line: study By MICHELLE QUAH [SINGAPORE] Companies arp getting smarter in the way they deal with crossborder disputes, preferring international arbitration a consensual method of dispute resolution over transnational courtroom battles. And it's a choice that's making aSource: PwC & University of London - 565 words
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356 2006-05-17 2 R SIVANITHY - By R SIVANITHY [SINGAPORE] Region-wide selling of stocks continued for a second consecutive day yesterday, though this time prices managed to finish the day off their lows, led by regional majors Japan and Hong Kong. In Tokyo, the Nikkei 225 first dropped almost 400356 words
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Article, Illustration783 2006-05-17 4 Law benches keep up pressure on Election Commission By OUR CORRESPONDENT in Bangkok THERE is little sign of an end to Thailand's political and constitutional crisis after the country's top three courts yesterday rejected the date of Oct 22 set for a general783 words
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544 2006-05-17 4 UMA SHANKARI - Among last year's transactions was Raffles' US$1.1b sale of its portfolio By UMA SHANKARI ISINGAPORE] Deals involving buying and selling of hotels in various parts of the world surged 63.5 per cent last year to hit a record U5545.2 billio.n, said Jones Lang LaSalle544 words
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Advertisement67 2006-05-17 2 1 1 Slim down and spruce up your image. In just 8 weeks. The most established and results-proven They are just two ordinary guys with an ordinary slimming and face studio for men. wish t0 look and ,eel J ced w h we f' 4 problems arising from overeating and67 words
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Advertisement21 2006-05-17 2 Inviting tenders? Call 1800 289 8822 or email noticts@sph.com.sg to book your tender notice in our newspapers now. matsxJSL NOTICES fj21 words
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Advertisement8 2006-05-17 2 nonnlo Our resume people includes Fortune 500 companies.8 words
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Advertisement198 2006-05-17 3 i I I i I I I I i i i I i I i W n#3k>\ i L v J. „> i \i^ JpoK t «g=Hyr flkp; !us^--*«^h|^39^H^' i l i > 1 I l I i i i i < liliii J»l ilii ■ivfinhl^^B' lillHilHii^B I l WT198 words
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Advertisement170 2006-05-17 4 "Just did it!** With SGX Asia Clear" It's really not puzzling. When SGX Asia Clear provides counterparty clearing for your trade, all parties are pre-approved for clearing by SGX OTC Clearing Members. That means there is no credit risk from your counterparty trading partner. just a single agreement allows you170 words
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COMPANY NEWS
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Article, Illustration557 2006-05-17 5 SIOW LI SEN - By SIOW LI SEN PACIFIC Internet, mulling a takeover offer from MediaRing, yesterday posted a strong first-quarter net profit of US$l.5 million, up 32 per cent from a year ago. Under a new management since January, Nas-daq-listed PacNet said total revenuesSource: Bloomberg - 557 words
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312 2006-05-17 5 SWATI CHAUDHARY - By SWATI CHAUDHARY THANKS to a one-off gain and the consolidation of the results of a new subsidiary. New Wave Holdings more than trebled its net profit attributable to shareholders for its financial year ended March 31. New Wave, involved principally in312 words
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656 2006-05-17 5 RONNIE LIM - HOCK LOCK SIEW By RONNIE LIM MONDAY'S announcement that Pearl Energy's chief operating officer had quit while not overly significant on its own comes as the full implications of Aabar Petroleum's takeover of Singaporelisted Pearl has yet to unfold. The United Arab656 words
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255 2006-05-17 5 Bloomberg [SINGAPORE] United Test Assembly Center Ltd, Singapore's second-largest chip tester, is seeking a loan to fund most of the cost of its acquisition of NS Electronics Bangkok (1993) Ltd. United Test will borrow at least US$lOO million, said Chong Chow Pin,Bloomberg - 255 words
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Article, Illustration412 2006-05-17 6 GRACE CHONG - EGM resolutions all passed including the issue of $3.24 m of convertible notes to Janet Tan By GRACE CHONG TROUBLED air cargo company Airocean Group has secured the go-ahead for its much-needed lifeline at its extraordinary general meeting yesterday. Shareholders at its EGM atFILE PHOTO - 412 words
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420 2006-05-17 6 MICHELLE QUAH - Judge asks prosecution to justify line of questioning By MICHELLE QUAH POCKETS of excitement livened up a long court session yesterday, as the trial of former Member of Parliament Lew Syn Pau and the executive chairman of Broadway Industrial Group Wong Sheung420 words
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Article190 2006-05-17 6 Bloomberg [SINGAPORE] Shares of Want Want Holdings Ltd, a maker of rice crackers and sweets, dropped in Singapore after CIMB-GK Research lowered the stock's rating to "neutral". The stock closed trading yesterday 6 US cents, or 4 per cent, lower at US$l.46, after slumping asBloomberg - 190 words
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Article, Illustration437 2006-05-17 7 KRITI SINGH - First of its kind in Asia, the facility boasts 15 clearing members By KRITI SINGH SINGAPORE Exchange (SGX) yesterday officially launched SGX Asia Clear, its over-the-counter (OTC) clearing facility for energy and freight derivatives. The clearing facility has garnered the support ofYEN MENG JIIN - 437 words
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371 2006-05-17 7 Reuters [SINGAPORE] Singapore contract electronics maker Beyonics Technology Ltd said sales growth in the fiscal year ending July 2006 would be flat, but revenues were expected to grow 10-15 per cent in fiscal year 2007. The company is also seeking to acquire other smallerReuters - 371 words
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COMPANY BRIEFS
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76 2006-05-17 7 HOTEL Grand Central announced yesterday that its wholly owned subsidiary, Grand Central Development (Perth), has agreed to sell a vacant plot of land in the Australian city of Perth for As 6 million (557.24 million). The land, which has an area76 words
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Article24 2006-05-17 7 FfJNG Choi Printing and Packaging Group Limited has changed its name to Fung Choi Media Group Limited. i24 words
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63 2006-05-17 7 Technics Oil Gas bags $5m contract TECHNICS Oil Gas Limited's wholly owned subsidiary, Technics Offshore Engineering Pte Ltd, has secured a $5 million contract from J Ray McDermott Asia Pacific Pte Ltd. The contract is for the engineering, procurement and construction of critical production equipment which includes pressurised production separators63 words
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109 2006-05-17 7 SINGAPORE Airport Terminal Services (SATS) said that it has clinched a contract to provide cargo handling services at the upcoming Bangalore International Airport SATS and its partner Air India will be one of two consortiums awarded a 20-year contract each. The deal marks SATS'109 words
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Advertisement201 2006-05-17 5 DOUBLE THE MILES FOR Mm DOUBLE wl 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 from201 words
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Advertisement37 2006-05-17 6 tfell° "Happy to meet everyone again" k /Tm Asas HOLIDAY Sflll f tfle! Total travel experience more than 100 years! Laid foundation over a quarter century! TRAVEL WORLD: CHINA ASIA AUST. NZ EURO-AMERICA MIDDLE EAST AFRICA NHS37 words
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Advertisement245 2006-05-17 6 Bridges Wharf is a prime new riverside development located in a highly i sought after position providing magnificent river views adjacent to Chelsea. £275,000* the developments on Selection of high quality contemporary one and two Prime central London location. Close to Battersea Village, Luxury internal specification. Most apartments also benefit245 words
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Advertisement168 2006-05-17 7 r; ->* t i S' V. I ■kMMMMWBpMBBIWIiyMIIIiro 1 < MZ v si':; I I ~A V. v v; ,<& |j. I ,*1 i/Ai ik lAinoiTn -I*l* J ft* r\A/ r 1 IJ (I I yuui vvcaiui w** -WM* m m ■'> v\;.v' ■./v. «»§f *o I I jr •"v168 words
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SINGAPORE MARKETS
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Article, Illustration558 2006-05-17 8 R SIVANITHY - Reason for optimism or otherwise? STOCKS Does the ST Index's bounce off intraday lows signal an end to selling? R SIVANITHY Senior Correspondent IT'S been said that an optimist is someone who stays up till midnight on Dec 31 to usher in the new year, while a pessimist stays upSource: Bloomberg - 558 words
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Article, Illustration980 2006-05-17 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 16 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell *000 Shr (000) 000) Chuan Hup 16-May-06 Peh Kwee Chim Buy 2000 0.34 *****2 19.74 *****2 19.93 Semb Kimtrans 16-May-06 Tan980 words
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Article542 2006-05-17 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Super Coffeemix May 1C dose: 56 J cants PHILLIP SECURITIES RESEARCH, May If THE group reported IQO6 net earnings that met 27 per cent of our fullyear forecast. Profit was down marginally by 6 per cent year-on-year to $7.2 million on turnover of $53.7542 words
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340 2006-05-17 8 CURRENCIES AFP [TOKYO] The dollar turned weaker again in Asian trade yesterday as the market fretted over global trade imbalances and prospects of a pause in US interest rate rises, dealers said. The US currency dropped to 110.00 yen in Tokyo afternoon trade, down fromAFP - 340 words
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Article, Illustration319 2006-05-17 8 YEO KEE YAN - CHART POINT By YEO KEE YAN chartist at Kelive Research MARKET investors who returned from the Vesak Day long weekend had to face the grim reality of having to play catch-up to weakness in global equity markets. The Straits Times Index (STI) has lost319 words
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Advertisement174 2006-05-17 9 BaT t CELEBRATE WORLD-CLASS EXCELLENCE IN MANUFACTURING A major pillar of the Singapore economy, the manufacturing sector contributes a significant quarter of our GDP. Singapore is the global leader in many sectors such as offshore oil-rigs and disk drives. To celebrate these achievements and to identify the excellent operations that174 words
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SINGAPORE NEWS
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185 2006-05-17 10 TRADE barriers were further lowered yesterday when Asean and Korea signed an agreement to eliminate tariffs on 90 per cent of their products by 2010. The pact, the Agreement on Trade in Goods, was signed in Manila, where economic ministers from the region185 words
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Article, Illustration471 2006-05-17 10 NANDE KHIN - Programme is spearheaded by the Singapore International Chamber of Commerce By NANDE KHIN SMALL and medium-sized enterprises will be "dated" by multinational companies under a new match-making service launched yesterday. Spearheaded by the Singapore International Chamber of Commerce (SICC), the Enterprise Multi-Match programme will introduce SMEs471 words
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298 2006-05-17 10 Reuters DRESDNER Kleinwort Wasserstein (DKW) is planning to move its Asia investment banking office back to Hong Kong from Singapore soon, partly to boost its coverage of China's energy sector, people close to the plan said yesterday. The investment bankingReuters - 298 words
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203 2006-05-17 10 ANOTHER avenue is now available for the public to seek free financial and insurance advice, thanks to NTUC Income's new insurance business centres located at Bras Basah Road and Tamp in es Point Customers who visit these centres will be given free advice203 words
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565 2006-05-17 10 Expansion is 3 times the pace initially estimated Bloomberg SINGAPORE'S economy probably expanded in the first quarter at more than three times the pace initially estimated as exports and consumer spending increased. Gross domestic product (GDP) grew an annualised 4.2 perBloomberg - 565 words
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Article, Illustration124 2006-05-17 10 ARTHUR LEE - By ARTHUR LEE RAFFLES The Plaza took delivery of two maroon BMW 730 Li limousines with matching number plates yesterday to provide hotel guests with top-of-the-line comfort. Costing about $300,000 each, the cars have 3G access so travellers have up-to-the-minute connectivity. And those who can afford theARTHUR LEE - 124 words
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Article, Illustration395 2006-05-17 11 ARTHUR SIM - PROPERTY FOCUS More flexibility, upside seen in 'collective exchange' than sale Reports by ARTHUR SIM AIRVIEW Towers in River Valley Road is for sale sort of. DTZ Debenham Tie Leung has been appointed by a sale committee of owners to look for developers keen onFILE PHOTO - 395 words
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312 2006-05-17 11 Winning bid to top Orchard Turn, Glutton Square FOLLOWING a committed bid of $400 million by an unnamed developer two weeks ago, the Urban Redevelopment Authority (URA) has launched the Somerset Central site (at Orchard Road and Somerset Road) for sale by public tender.312 words
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231 2006-05-17 11 SINGAPORE will put up a strong showing at this year's Marche du Film (Cannes Film Market), with the Media Development Authority (MDA) and Singapore Film Commission (SFC) jointly fielding a delegation of nine local filmmakers, 10 production companies and a powerful231 words
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36 2006-05-17 11 V P HIRUBALAN has been appointed Singapore's Ambassador to Oman, a Ministry of Foreign Affairs press statement said yesterday. He is also the Ambassador to Saudi Arabia.36 words
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86 2006-05-17 11 THE Foreign Minister of Egypt, Ahmed Aboul Gheit, will visit Singapore today, the Ministry of Foreign Affairs said yesterday. He will meet President S R Nathan, Prime Minister Lee Hsien Loong, Senior Minister Goh Chok Tong, Minister for Foreign Affairs George Yeo and Minister of86 words
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59 2006-05-17 11 ABOUT 57 per cent of smokers were concerned about the detrimental effects of smoking and 47 per cent said that they smoked fewer cigarettes or less frequently after seeing the graphic warnings on cigarette packaging, according to the Health Promotion Board which surveyed 1,30059 words
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65 2006-05-17 11 SINGAPORE will celebrate International Museum Day 2006 from May 18-28, the National Heritage Board (NHB) said yesterday. "Museum Hoppin" tours free air-conditioned coach rides along various routes have been organised for the first time. Visitors can engage in lifestyle activities, events and promotions65 words
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61 2006-05-17 11 THE National Arts Council has appointed Ruder Finn, one of the world's largest independent public relations agencies, to manage international media relations services for the Singapore Biennale 2006, in a bid to attract leading art critics, journalists and curators to participate and61 words
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Advertisement1224 2006-05-17 10 I 111 l 1. *T Hana Bank Head Office: Hana Bank Building 101-1 1-Ka Euljiro, Chung-Gu. Seoul, Korea 100-191, http://www.hanabank.com Singapore Branch: 8 Cross Street, #23-06 PWC Building Singapore *****4 Tei: (66)'6438 4100 Fax; (85) 8438 4200 Telex No: RS ***** HABS Swift: HNBNSQSG j CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS1,224 words
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Advertisement65 2006-05-17 11 1 ia_ -i* v J j'v' V I*l i i iril the professional body for standards resource management and development. we the Human resources. understand Accrediting HR Professionals T-i iiAiccrcdltalfai X JJV<WOWI>I>IWIPIU>»WWWM» The Singapore HR a shr! Partner Sponsor Programme Partner GoW Sponsors Official Jobsite Off«al Webs.te Sponsor Knowledge Partner65 words
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ECONOMY WATCH
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Article, Illustration840 2006-05-17 12 Recent sharp losses in currencies, stocks unlikely to last, they say Reuters [LONDON] Spectacular losses posted by emerging market equities, bonds and currencies amid a global reassessment of US interest rate policy are unlikely to last as most assets still offer longer-term value,Reuters; AFP - 840 words
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105 2006-05-17 12 Bloomberg [JAKARTA] Indonesia isn't worried about the decline in the rupiah because the nation's economic fundamentals are still good, Finance Minister Sri Mulyani Indrawati said. The government also doesn't see a capital outflow, Ms Sri Mulyani told reporters in Jakarta. Investors "are buyingBloomberg - 105 words
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735 2006-05-17 12 NYT [NEW YORK] If the hightech bubble passed you by six years ago, you still have a chance to help inflate the low-tech bubble in commodities. Many investment advisers warn that prices may have a long way to fall, however, and that anyone whoNYT - 735 words
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Article, Illustration802 2006-05-17 12 Bloomberg [TOKYO] Heizo Takenaka, Japanese Prime Minister Junichiro Koizumi's top economic adviser, said any increase in the nation's 5 per cent consumption tax should be minimal to ensure growth doesn't slow. "It's the government's job to make sure any consumption taxBloomberg; FILE PHOTO - 802 words
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MALAYSIA/INDONESIA
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Article, Illustration438 2006-05-17 13 S JAYASANKARAN - Episode is far from over as analysts expect fresh bouts of selling to persist By S JAYASANKARAN in Kuala Lumpur WHILE the Malaysian equity market was being roiled yesterday on selling pressure amid a global correction in stock markets, another drama was beingSource: Bloomberg - 438 words
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BRIEFLY ASIA
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68 2006-05-17 13 Reuters [NEW DELHI] Desperate patients crowded makeshift treatment centres in India as protests by thousands of medical students and doctors continued against a government plan to raise college quotas for lower castes. The government said it would push ahead with the controversial move that willReuters - 68 words
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73 2006-05-17 13 Reuters [HONG KONG] China Netcom Group Corp (Hong Kong) Ltd, the smaller of China's two fixed-line phone firms, said yesterday it may sell its subsidiary Asia Netcom. Simon Murray, former head of telecom giant Hutchison Whampoa Ltd, confirmed in an interview that a groupReuters - 73 words
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51 2006-05-17 13 Reuters [BEIJING] The International Finance Corp has signed a US$5O million loan agreement with cement producer Shanshui Group. The loans, for two separate subsidiaries of the company, would help Shanshui Group, the largest cement producer in China's Shandong province, restructure debt and install energy-efficientReuters - 51 words
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59 2006-05-17 13 AFP [KUALA LUMPUR] Malaysia's largest telecommunications firm Telekom Malaysia denied a report it is in talks to acquire a stake in Philippine mobile operator Sun Cellular. "We are aware that there is an official process to dispose a minority stake in Sun Cellular," saidAFP - 59 words
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62 2006-05-17 13 Bloomberg [HONG KONG] Champion Reit, which is selling Hong Kong's first prime office property trust, raised HK56.29 billion (Ssl .27 billion) from an initial public offering after pricing shares near bottom of the range, bankers involved in the sale said. The Reit offers aBloomberg - 62 words
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32 2006-05-17 13 Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd said subscribers rose 62.2 per cent in Q1 from a year earlier, driven by growth in India. —BloombergBloomberg - 32 words
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489 2006-05-17 13 Reuters [SYDNEY] Foreign ministers from Indonesia and Australia have met to mend ties frayed after Canberra granted 42 Papuans asylum, but Australia's foreign minister yesterday stopped short of saying bilateral relations were back on track. The ministers, who met in Singapore late on Monday, agreedReuters - 489 words
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254 2006-05-17 13 Bloomberg [JAKARTA) Indonesian president Susilo Bambang Yudhoyono's job rating fell as people perceived the government isn't doing enough to create jobs and help increase household income, a Jakartabased survey agency said. Just 37.9 per cent of the people surveyed were satisfied with theBloomberg - 254 words
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Article261 2006-05-17 13 It benefited from its PT Bank Niaga Tbk Indonesian unit Reuters [KUAI.A LUMPUR] Malaysia's second-largest lender, Bumiputra-Commerce Holdings Bhd, yesterday reported a 2 per cent rise in first-quarter profits as it grew income from investment banking, treasury and offshore lending. Malaysian banks like Bumiputra-Commerce haveReuters - 261 words
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Article, Illustration441 2006-05-17 13 Reuters [KUALA LUMPUR] Malaysia's cabinet is likely to consider today whether to allow a tariff increase for Tenaga Nasional Bhd, the country's largest power distributor, Prime Minister Abdullah Ahmad Badawi said. The state-controlled utility, which last raised its rates in 1996, has been lobbyingReuters; BLOOMBERG - 441 words
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Article2220 2006-05-17 13 VOL Gamuda 4.12 -0.02 431 May If m W- CM*) General Cop ..0.63 unch 166 Gentmg 24.10. 0.10 1400 ASMRealty 1.40 -020 2 George Kent _3.58 -0.02 147 Abric 038 002 154 GHLSy*en» 02S unch ***** ACP Industries 105 -0.03 346 GiobetronicsTech .0.32 -0.01 2*4 Advance Synergy .0342,220 words
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GREATER CHINA
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474 2006-05-17 14 US$250m deal will make Goldman No 1 underwriter in non-Japan Asia-Pac Reuters [HONG KONG] Goldman Sachs and ÜBS will split the lion's share of roughly US$25O million worth of fees for Bank of China's (BOC) US$9.B billion initial public offering (IPO),Reuters - 474 words
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391 2006-05-17 14 Nomura Int'l: It could take 12.7% of Hang Seng Index Bloomberg [HONG KONG] China Construction Bank Corp, .in which Singapore investment company Temasek Holdings has a stake, would be the third-biggest stock in the Hang Seng Index if it was addedBloomberg - 391 words
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259 2006-05-17 14 Reuters [SHANGHAI] China's third-largest life insurer, part-owned by US firms Carlyle and Prudential Financial, is expected to have a new controlling shareholder ahead of a planned Hong Kong listing, industry sources said. Top China steel maker Baoshan Iron and Steel Co Ltd is inReuters - 259 words
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402 2006-05-17 14 Investors sell commodities as prices fall -Reuters AFP [SHANGHAI] Chinese shares closed down 3.05 per cent yesterday, a day after scaling nearly twoyear high?, as investors sold shares in metals companies due to falling global prices for copper and aluminium. The benchmark Shanghai-Reuters; AFP - 402 words
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Article, Illustration60 2006-05-17 14 [HONG KONG] Two men stand on an escalator as they make their way under a billboard advertising the Broadband World Forum Asia 06 in Hong Kong on Monday. The May 15-18 exhibition, being held at the Hong Kong Convention and Exhibition Centre, features broadband technologies, equipment, applications, solutionsAFP - 60 words
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410 2006-05-17 14 [HONG KONG] The conglomerate controlled by casinx) magnate Stanley Ho Hung-sun will postpone the launch of its HK$l5 billion (Ss3 billion) initial public offering for its gaming flagship to July and is reviewing plans whether to inject all 16 casinos410 words
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Advertisement1164 2006-05-17 14 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF (IJTAISUN INVESTMENT PTE LTD (Registration No. 1M*****0R) (2) ZHONGYUAN HOLDINGS PTE LTD (RMktratlon No. *****6149W) (In Members' Voluntary Liquidation) At the respective Extraordinary General Meeting of the above-named Companies deemed to be held on 16 May1,164 words
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Advertisement661 2006-05-17 14 >AT^ J NOTICES CWU OS. No. 55 of 2006/Q IN THE MATTER OF THE COMPANIES ACT, (CAP. 50) AND TRIMEOA BUSINESS CONCEPTS PTE LTD (RC No. 199****** M) BETWEEN PT VALU THADA INDONESIA (ID NOT KNOWN) H 1 .Iff Mr willnn■■ AND TRIMEOA BUSINESS CONCEPTS PTE LTD (RC No. 199B0A2B1M)661 words
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Advertisement23 2006-05-17 14 Joining forces? vC'V Announce the good news. Can 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now.23 words
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INDIA
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436 2006-05-17 15 Sensex recovers as domestic funds buy infrastructure and cement stocks AFP Bloomberg [MUMBAI] Indian share prices recovered from sharp early losses and closed up 0.44 per cent to break a three-day slide linked to a drop in global metal prices and sellingAFP; Bloomberg - 436 words
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595 2006-05-17 15 Nod required from Luxembourg, Belgium, France Reuters Bloomberg [BRUSSELS/LONDON] The Dutch financial markets regulator yesterday approved Mittal Steel Co's prospectus on its bid for Arcelor SA. The regulator made the announcement on its web site yesterday. Mittal's planned 23 billion euro (5546.6 billion)Reuters; Bloomberg - 595 words
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Article, Illustration280 2006-05-17 15 Bloomberg [NEW DELHI] India's monsoon rains, which provide water for 60 per cent of the nation's cultivatable land, may reach the country's southern-most coast in Kerala on May 30, an official of the weather department said. The estimated arrival date isBloomberg; REUTERS - 280 words
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281 2006-05-17 15 AFP [MUMBAI] Indian companies remain upbeat about the surging economy but fear rising costs could hit prices, a business survey reported on Monday. More than three-quar-ters of the 439 respondents said they expect higher sales over the next months, the Federation of IndianAFP - 281 words
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216 2006-05-17 15 Reuters [NEW DELHI] Fujitsu Consulting, a unit of Japan's Fujitsu Ltd, plans to more than double its back-office staff in India and increase the services it offers global clients, a company official said yesterday. A global hub for software and back-of-fice services.Reuters - 216 words
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326 2006-05-17 15 Economics Times [MUMBAI] The Indian pharmaceutical industry is making a shift to business in the post-product patent era with in-licensing deals to increase their product pipelines with patented products. Through in-licensing agreements, domestic pharmaceutical companies can add patented products from foreignEconomics Times - 326 words
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Advertisement46 2006-05-17 15 f GRILL CHILL AT GRAND HYATT t Discover Singapore's new oasis. Featuring BBO buffet dinner every Friday arid Saturday. H f Ml A selection of (perfectly grilled meats and fresh seafood. Price is $60+++ per person inclusive of free flow beer, wines and soft drinks. If:46 words
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ASIA-PACIFIC/WORLD
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675 2006-05-17 16 NEIL BEHRMANN - Wall St decline and fears of US$ slide led to steep market declines in Asia and Europe By NEIL BEHRMANN in London FEARS of an economic slowdown in the US, Europe and Asia caused sharp setbacks in global stock markets and overblown commodity prices.675 words
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Article, Illustration502 2006-05-17 16 He is charged with misusing funds, breach of trust Reuters Bloomberg [SEOUL] South Korea yesterday indicted the chairman of the Hyundai Motor group on charges of misusing company funds and breach of trust, a senior prosecutor said. Chung Mong Koo, 68, the head of theReuters; Bloomberg; REUTERS - 502 words
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288 2006-05-17 16 Bloomberg [MOSCOW] Morgan Stanley, the world's third-big-gest securities firm, plans to buy mortgage loans from Russian banks and may invest in the country's realestate market as it expands in the region. The bank will also focus on developing its Russian derivatives business, and itBloomberg - 288 words
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270 2006-05-17 16 Bloomberg [WASHINGTON] Microsoft Corp, the world's biggest software-maker, accused Lucent Technologies Inc of infringing its patents, upping the ante in a broader dispute over Lucent technology. Microsoft said it made the allegations as part of an existing lawsuit in federal court in SanBloomberg - 270 words
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230 2006-05-17 16 Bloomberg [NEW YORK] Viacom lues MTV cykble-television music channel is starting a song-downloading sertion fee. The service, which begins today, will be available through Microsoft Corp'* new version of its media-player software, said Van Toffler, president of MTV Networks Music. Films and LogoBloomberg - 230 words
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Article, Illustration546 2006-05-17 16 NYT [NEW YORK] Bausch Lomb said on Monday that it was halting worldwide sales of its ReNu With MoistureLoc soft contact lens cleaner because tests showed that its misuse could leave consumers at risk for a potentially blinding fungal infection. The move followedNYT; AP - 546 words
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Page 16 Advertisements
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Advertisement109 2006-05-17 16 In the matter of the Companies Act, (Cap. 50) And In the matter of SYI BEARINGS (S.E.A.) PTE LTD (Co. Reg. No. *****3327 M) (In Member*' Voluntary Liquidation) NIOTIf E OP PINAL MEETING NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 of the Companies Act, (Cop. 50) that the FINAL109 words
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WORLD
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Article594 2006-05-17 17 Core producer prices rise a mild 0.1% in April while housing starts drop Reuters [WASHINGTONI US producer prices, outside of energy costs, barely budged last month while housing starts dropped, according to government reports yesterday that helped soothe worries over inflation. The Labor Department saidReuters - 594 words
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381 2006-05-17 17 Bloomberg (NEW YORK] Wal-Mart Stores said fiscal first-quar-ter profit rose 6.3 per cent, exceeding analyst estimates, on the biggest sales gain in two years. Net income at the world's largest retailer increased to U552.62 billion, or 63 cents a share,Bloomberg - 381 words
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Article, Illustration562 2006-05-17 17 Reuters [BOSTON] The worst flooding in 70 years in Massachusetts, Maine and New Hampshire forced thousands of people from their homes on Monday after the heaviest rainfall in a decade. Residents waded through waist-high water on washed-out roads, some paddling to swampedReuters; AP - 562 words
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430 2006-05-17 17 Reuters [HOUSTON] Former Enron CEOs Ken Lay and Jeffrey Skilling chose to lie to investors and cashed in millions of dollars in stock as the energy giant imploded, a prosecutor said on Monday in closing arguments at their criminal trial. "Every stepReuters - 430 words
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419 2006-05-17 17 Moves include share deal, cash offer, new firm Reuters (LONDON] Pan-European exchange Euronext and New York rival NYSE Group Inc are discussing merger options as they ponder their next move in a frenzied rush for bourse tieups, said a source familiar with the matterReuters - 419 words
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253 2006-05-17 17 Reuters [LONDON] Pearson Pic shook up leadership of its newspapers on Monday, appointing chief financial officer Rona Fairhead to run them after its flagship Financial Times struggled for four years to return to profit. Olivier Fleurot, 54, who had been chief executive of FT's publishingReuters - 253 words
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WORLD WATCH
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106 2006-05-17 17 Reuters (RIYADH] The Saudi government's plans to launch a large bank next year with a huge share offering is causing concern in the local banking industry, already facing foreign competition in a crowded market. Analysts say the new Development Bank's sizeReuters - 106 words
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84 2006-05-17 17 AFP [WASHINGTON] US President George Bush has ordered up to 6,000 National Guard soldiers to reinforce the border with Mexico against illegal immigrants. The president also envisaged a broad immigration reform that would allow some of the 11.5 million illegalAFP - 84 words
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67 2006-05-17 17 Reuters [NEW YORK] Warren Buffett's Berkshire Hathaway on Monday said it has amassed a stake of more than US$l.l billion in ConocoPhillips. and made smaller investments in General Electric and United Parcel Service. It said in a regulatory filing it held 17.94 millionReuters - 67 words
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70 2006-05-17 17 Reuters [LONDON] Investor expectations that the world will see higher core inflation over the next 12 months took a sharp leap in May and most assume higher interest rates will come with it. a Merrill Lynch poll showed. It also showed investorsReuters - 70 words
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AVIATION
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Article, Illustration760 2006-05-17 18 VEN SREENIVASAN - NEWS ANALYSIS SIA is among airlines using wind pattern-harnessing system, says VEN SREENIVASAN VEN SREENIVASAN mmm MIRATES has saved thousands of pounds of fuel because of it. Qantas and Air New Zealand have been using the system for several years. And it760 words
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Article2231 2006-05-17 18 CITY FLIGHT ETA FUGHT ETD AI480 0740 AW81 1625 IC859 0805 SQ408 185S S0456 1300 Danpasar Bali SQ141 1145 SQ142 0935 LH9771 1750 LH9770 2345 SQ143 1535 SQ146 1640 <0230 1750 S0229 2345 GA840 1640 GA841 1755 <0443 0825 A***** 1805 S0148 1900 AMnadabad fgTrf 7Mn2,231 words
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354 2006-05-17 18 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Airlines (SIA) filled more seats systemwide in April than it did a year ago, but its cargo load remained flat due to lower demand in Europe. The airline enjoyed a passenger load factor of 76.3 per354 words
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285 2006-05-17 18 AFP [DHAKA] Cash-strapped national carrier Biman Bangladesh Airlines will suspend unprofitable long-haul flights to Europe, America and Asia to reduce losses, a minister said yesterday. Biman would temporarily discontinue services to New York, Tokyo, Paris, Frankfort and Bangkok-Singapore as they are notAFP - 285 words
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583 2006-05-17 18 LAT-WP [WASHINGTON] A dispute between the US federal government and air traffic controllers spilled into public view on Monday. At airports around the United States, controllers handed out leaflets to passengers to present their side of an ongoing contract argumentLAT-WP - 583 words
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Page 18 Miscellaneous
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Miscellaneous287 2006-05-17 18 CRYPTIC CROSSWORD 1 I'd return to break agreement in dispute (10) jHjjj 9 American leaves a field event with a record (4) |10 I 1 10 Our panic moderated after |HL-— company provides abundant 1 supply 16 The weapon attached to one's ~~~LhJ IiHHTo IHiH hook gets dumped (5) 18287 words
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SHIPPING/AVIATION
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344 2006-05-17 19 AP (BERLIN] European Aeronautic Defence and Space Co (EADS) said yesterday that first-quarter net profit rose 26 per cent as deliveries of Airbus planes increased, and maintained its full-year earnings outlook. EADS, which owns 80 per cent of Airbus, earned 516 million eurosAP - 344 words
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224 2006-05-17 19 Reuters [LONDON] BAA pic, the world's largest airport operator, met expectations with a modest rise in annual profits after cost cuts and a jump in retail spending at its airports offset slowing passenger growth. BAA, which is fighting an £8.75 billion (Ss26 billion)Reuters - 224 words
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Article906 2006-05-17 19 DAVID HUGHES - STRAIT TALK By DAVID HUGHES LAST week, representatives of 65 ports from 18 countries bordering the Mediterranean met in Gibraltar for the 28th general assembly of the Association of Mediterranean Cruise Ports (MedCruise). Gibraltar laid out the red carpet for the delegates. The British overseas territory906 words
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Article, Illustration435 2006-05-17 19 DONALD URQUHART - Industry grouping warns Toll-Patrick merger likely to impact costs By DONALD URQUHART [SINGAPORE] An industry grouping, Shipping Australia Ltd ((SAL), said its members will keep close tabs on the impact on stevedoring prices of Toll Holdings' recent acquisition of Patrick Corp, and push forBLOOMBERG - 435 words
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416 2006-05-17 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] The Malacca Strait remains a high-risk area for shipping, according to London underwriters following a recent review of the Hull War, Strikes, Terrorism and Related Perils Listed Areas. The Lloyd's Market Association Joint War Committee (JWC) revised its listed areas,416 words
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Article281 2006-05-17 19 SGX '000 May 16 St W- Vol CH Offshore .0.37 -0.01 1665 Chuan Hup .0.34 -0.01 3243 Cosco Corporation 1.24 -0.07 ***** CWT Distribution 1.19 -0.03 219 EzraHldgs 334 -0.15 988 freightunks .0.07 -0.01 3146 Grand Banks Yacht .0.87 unch 0 Java Holdings 1 39 0.01 1279 K1281 words
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Page 19 Advertisements
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Advertisement412 2006-05-17 19 CSL Asia Shipping PteLtdlaa wholly owned subsidiary of the CSL Group inc. CSL was founded in 1845 and is a Canadian company headquartered in Montreal, Quebec with offices in Australia, Canada, Singapore and the United States. CSL specializes in owning and operating self-unloading dry bulk cargo vessels with inland, coastal412 words
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EDITORIAL & OPINION
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Article511 2006-05-17 20 EDITORIAL COULD the current upsurge in fuel prices jolt global airlines and extend their loss-making streak, just when they seemed to be headed towards better times after five years of losses? Just when soaring global demand for air travel was holding out the promise of511 words
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Article, Illustration721 2006-05-17 20 FRANK CHING - THE BOTTOM LINE FRANK CHING THE consecration of two bishops in China without the approval of the Pope has set back the prospect of early normalisation of diplomatic relations between China and the Vatican. These events have also highlighted the Chinese approach to721 words
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Article, Illustration1096 2006-05-17 20 YUKI NOGUCHI - Artists increasingly look at cellphones as a new way of distributing and promoting music By YUKI NOGUCHI LAT-WP THE first album from punk-pop band Yellowcard became a hit through conventional radio and CD sales. But the group broke into the big time onlyLAT-WP; AFP - 1,096 words
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Article, Illustration1675 2006-05-17 21 STEPHEN ROACH - Current price surge in a broad array of commodities is extreme and unsustainable STEPHEN ROACH ASSFT bubbles have dominated financial market experience over the past six years. First equities, then bonds, property, and spread assets. Like clockwork, i liquidity-driven investors have migrated fromAP - 1,675 words
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332 2006-05-17 21 Ng Shin Ein Singapore - LETTERS TO THE EDITOR Ng Shin Ein Singapore I REFER to your article "More women on boards makes business sense" (BT, May 13). I don't think there is any discrimination at all! lam a woman, and although 32,1 sit on the board of332 words
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373 2006-05-17 21 Ang Hao Yao, Singapore - Ang Hao Yao, Singapore I REFER to the article, "Mind the depreciation in Reits, business trusts" (RT, May 9). In it, the writer hit the nail on the head on the subject of the absence of depreciation in the accounts of business trusts. If373 words
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Article, Illustration779 2006-05-17 21 ANDY MUKHERJEE - Yuan's appreciation —too little, too slow ANDY MUKHERJEE Bloomberg ONLY diehard optimists could have found something to cheer about on Monday when the Chinese yuan strengthened beyond eight to the dollar, it should have hit the magic number seven months ago. Greater currency flexibility is, above all, a question ofBloomberg - 779 words
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Article10815 2006-05-17 22 SGX MAINBOARP S2-W6 Tel Last Vol Day L»1 Quote G«OM D*r SrTVi MM MCap low Cod* Canyy M» *<■ I'M) IN* E— >M»«r S«Bw Cw W W 5 1 1st 5ott»Mre 5c 25 unch 1S99 25 25 25 3 '01 »6 6 3»« 8tel«nmU52< OS B30 8 810,815 words
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Article6617 2006-05-17 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in toe* on in tS In USS Stly %yr tfy yr r M+f 15 lnde« Chang* Change Chang* Change Change Change Vtold inde» Preliminary rHlQfc D£ 42 0 2 3.1 0-8 8.3 I I Aft Pi-iimirwfj '0231 12 51 05 42 -1.5 13.76,617 words
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Advertisement1934 2006-05-17 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 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, Indonesia1,934 words
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Advertisement751 2006-05-17 24 IIWTOASIA *o*o SIKVKI VBSR/VOY RAMKKI) HBGHUM) PRO KH U? SM J" STRAITS VENTURE M/ 06 15 3.2 11/05 15/05 l»/05 21/05 23/05 STVAITS VENTURE 09/06 15 3.2 25/05 28/05 01/06 04/06 06/06 I STRAITS VENTURE 10/06 15 3.2 08/06 11/06 15/06 18/06 20/06 IAUiTKAUAN KOtO StRVKI J vKsa/voY KAmipqm hbghtcm)751 words
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Advertisement1276 2006-05-17 25 WAN HAI INTERNATIONAL PTE LTD a NO: l«*****000/R ~I P# TEL *****588 (14 LINES) FAX: *****163 \K| IMA |J UAI I IKIEC Service/Bookings Direct line (1800) *****200 V Yl V VvMIl rIMI LllltJ Piam:(o3)334MtatMX:(o3)U423atmilH:|o4)226S9ooNUb|o4)2l«B9f V, JOHIH: (07) *****23 MX: (07)2513*21 SUR TH: (031) *****75 FM: (031) 32*2714/ 32*1305 KITH;(O2I)S2S4IMHUL(O2I)S2S47MnMIB:7IUIO/*****l FAX;1,276 words
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Advertisement945 2006-05-17 25 fSI EASTERN CAR LINER, LTD V 1 SPECIALIZE IN RORO HEAVY UFT UPTO 450 TONS INTRA-ASIA SERVKE VOY Ronp Ufttq SIN POO ML(N) PKUW) PUN JKT IP MUA jj* ITU COSMIC LEADER 7S "40 60 19/05 20/05 22/05 1 AZALEA ACE 35 10 20/05 ZHSL—z GARDENIA ACE 22 10 20/05945 words
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Advertisement813 2006-05-17 25 m WEEKLY EXPRESS SAILING SCHEDULE AND WESTERN ICQ POINTS j VESSEL VOT I SW PJLLANCI COLOMBO I N. SHIVA [COLOMBO 1 uMkmrma fq ro coom nmcoww (vu aMti>o) *w> uwu t (VU M SHEVA) CONNKTM6 MOTHER VSLS TO BMOPE (FEIXSTOWE. kuiimu**,! (KW TOM, NORIHFOIK t OURIfSTON) AT H SKVA| VESSEL813 words
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Advertisement1048 2006-05-17 26 BS9 ti i /A m iiJ let6s-*****907fax*****917 Nordana (Asia) Pte Ltd Emafcnonfaiaeiion^^ BS9 70 Shenfon Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES I VESSEL VOY Sinoopofe Frewwttle Cow Island CliristwMH Islowd Po« Gedoeo Island Express !£6!H1,048 words
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Advertisement769 2006-05-17 26 iflos —fife— 577JP TJ7SJ PSTOD ITT? ***** 878 pkUhda ma R7SS nftsf noma wn Tim im gar mw ml irn wuu «w mi lII7W ifan mm jfm M<u**A W* life wos w M IgMilJlli^ Ebi.. [Sffl, law Ixi Mi i ip i—=i [^EJ^MJ||_ljiJji_J VtSSll VOY SIN WIT RUNG OBTTAGONG ~m769 words
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Advertisement439 2006-05-17 26 BSA x I I^B e !7S!SIT I VEWII!fSS I VSM^^Hr MYANMA HM five star line (Myamnar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU CHM SHWI HAW 90W SID PAGAN 349W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL: 03-300SS3M PIN: 04-2633*1 S ACCEPTING CONVENTIONAL C6O VESSB VOY439 words
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THE BUSINESS TIMES SHIPPING TIMES
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7583 2006-05-17 27 This ETA HA Advertisw Vessel Voyage Telephone I ETA ETA Advertiser Vessel ***g* T tw£* Hi cm rwct'n Mnn» Name Number Number SIN Dcsfn Name Name Number Mumoer SIN SIN Dest n Name name l 27/05 17/06 Eurasia P" BUXMASTER 612 *****673 To To7,583 words
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MOTORING
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Article, Illustration430 2006-05-17 28 SAMUEL EE - Collaboration with China offers Italian styling at an affordable price By SAMUEL EE FIRST, they collaborated with the Japanese. Then it was the Koreans. Now, Malaysian carmakers have turned their focus to China. But that's not all the Naza Sutera, which will be launchedAP - 430 words
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Article, Illustration643 2006-05-17 28 BENJAMIN NG - Lowest sticker price may not necessarily be the cheapest, says BENJAMIN NG BENJAMIN NG THE parallel-import (PI) market of cars bounced back in 2005 and looks set to hit an all-time high in terms of sales this year because of the large variety of643 words
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Advertisement167 2006-05-17 28 GSED* Over 500 Locations Worldwide II Ask us about Gorporate, Individual or Group Instruction. I I Call Beriitz today 6733-7472 or visit www.berlitz.com.sg I (>ch^RoadMs<J3/04WheelockPlace Singapoiß23BBai S Lianhe Zaobao B I Debts owed I I to each other I Iby Chinese I I firms hit I 11.5 trillion I I167 words
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Advertisement5 2006-05-17 28 pfSSeaS"d:%Sl Sot: +*****1.8269 «iwtaurantsOcarttonhotelao www.carftort-hoM.nat5 words
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Advertisement50 2006-05-17 28 n >' ,w v J 4"~'* < x 4** ~"V* j§ W I B1 oB Hlm IjnsE^H &'j 4 fi 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.50 words
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EXECUTIVE MONEY
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Article, Illustration1205 2006-05-17 29 WONG SUI JAU - MONEY MATTERS There is the downside risk and the upside potential to consider when deciding which fund to invest in WONG SUI JAU jj exactly is if pier terms, wb risk is the volgree of fluctuation in the value of the investment product. In our1,205 words
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Article5703 2006-05-17 29 UNIT TRUSTS FUNDS ACMGI Amer Income A E JR 66/ ACMGI Amer Income B EUR 66/ ™ACMGI Europ Income Opp AT SGD 15.3/ ASN Amro Asset Mgt (S'pore) ACMGI Europ Income Opp BT SGO 15.28/ Star Europe Eqty! 0 348/ ACMGI Europ Income Opp AT EUR 7.54/ Star Europe Bond5,703 words
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1263 2006-05-17 30 GENEVIEVE CUA - The Enhanced Income Shield is a response to Aviva's MyShield. GENEVIEVE CUA reports GENEVIEVE CUA THE latest innovations to the Shield medical ins u r a n c e schemes finally pit certain hospitalisation plans under the CPF/Shield umbrella directly against private plans1,263 words
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871 2006-05-17 30 CAROLINE BAUM - COMMENTARY To answer this question, submit commodities markets to the duck test By CAROLINE BAUM Bloomberg NOT a day goes by without some story somewhere on the housing bubble. Until recently, the equally effervescent commodities markets drew a pass, escaping the kind of scrutinyBloomberg - 871 words
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413 2006-05-17 30 ADVISERS are divided on whether Income's requirement for a four-day notice period for its new Enhanced Income Shield plan will prove a sticking point for clients. The Enhanced Income Shield is NTUC Income's response to Aviva, which was the first in the, market last413 words
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Article, Illustration331 2006-05-17 30 Chua Boon Lee - By Chua Boon Lee Standard Poor's Associate, Fund Services THE US-doNar fixed incxxne sector has beaten a hasty retreat in the first four months of 2006 as short-term interest rates in the United States were rwdged higher by a resokite Federal Reserve which raised interest rates331 words
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Page 29 Advertisements
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Advertisement9 2006-05-17 30 MONEY MATTERS Evaluating fund risks and returns PG 299 words
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Banking&Finance
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Article, Illustration376 2006-05-17 31 Leslie Yee - By Leslie Yee SINGAPORE'S economic prospects are rosy, business confidence is high and financial markets are doing well. With the fortunes of the banking and finance sector closely intertwined with that of the economy, the above backdrop suggests that these are champagne days for376 words
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Article, Illustration844 2006-05-17 32 LESLIE YEE - Corporate governance is important, but it must not overtake business objectives, ABS head Wee Ee Cheong tells LESLIE YEE LESLIE YEE WITH the fast pace of developments in global financial markets, corporate governance is very important but it is critical to strike a balance, said Wee844 words
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Article290 2006-05-17 32 AFTER securing leadership in the home base with the acquisition of Overseas Union Bank (OUB) in 2001, United Overseas Bank (UOB) is now busy trying to secure leadership in South-east Asia, and once that is done, UOB will focus further afield, said the bank's deputy chairman and290 words
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Article, Illustration1163 2006-05-17 33 LESLIE YEE - CEO David Conner talks to LESLIE YEE about loan margins, wealth management and the bank's divestment of non-core assets LESLIE YEE LOAN pricing in the Singapore market may not be good but the wealth management business is strong and overall, OCBC Bank has "a very, veryARTHUR LEE - 1,163 words
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Article, Illustration1299 2006-05-17 34 LESLIE YEE - DBS will continue to serve the Singapore mass market even as it grows overseas, CEO Jackson Tai assures leslie yee LESLIE YEE EVEN as it expands abroad, DBS Group is confident of maintaining its market leadership in Singapore and is committed to serving the mass market here. "WeFILE PHOTO - 1,299 words
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Article, Illustration1103 2006-05-17 35 CONRAD RAJ - Stanchart's Singapore CEO tells CONRAD RAY that he will build on innovative products and make inroads into commercial and wholesale banking CONRAD RAJ IF you ask Lim Cheng Teck, the newly-appointed Singapore country head of Standard Chartered Bank, anything about Temasek Holdings' purchase ofYEN MENG JIIN - 1,103 words
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Article, Illustration955 2006-05-17 36 LESLIE YEE - Citigroup sees promising opportunities in its three business lines here, the bank's S'pore country head Catherine Weir tells LESLIE YEE LESLIE YEE CITIGROUP is bullish about the prospects for its three business lines in Singapore and expects its wealth management to grow at the fastest rate,955 words
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Article, Illustration850 2006-05-17 37 SGX is offering itself as a one-stop solution for international customers seeking exposure to Asian markets IN positioning the Singapore Exchange (SGX) as an Asian gateway, the exchange offers itself as a one-stop solution to meet the needs of international market participants who wish to tapBLOOMBERG FILE PHOTO - 850 words
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Article, Illustration974 2006-05-17 38 BILL LEXMOND - Succession planning ensures that assets are directed accurately to the next generation, and are subject to adequate safeguards. Yet, it is often neglected altogether, delayed for too long, or inadequately implemented, observes BILL LEXMOND BILL LEXMOND IN family terms, it is quite literally a matterDARIO NOCHE/ST - 974 words
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Article, Illustration1148 2006-05-17 40 Smart moves entrepreneurs can make to ensure smooth financing WHEN it comes to growing a small enterprise, many entrepreneurs say that getting financing is the stumbling block. Small and medium enterprises (SMEs) grouse that they get less favourable terms from financial institutions, with a1,148 words
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Article, Illustration1314 2006-05-17 42 KELVIN LAU - Expect a rather different picture in the latter half of this year. KELVIN LAU explains why KELVIN LAU INTEREST rates around the world have been rising for some time as central bankers pursued monetary tightening in the face of rising inflation. ButAP - 1,314 words
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Article, Illustration852 2006-05-17 44 Financial preparedness remains the golden rule when you are planning for your later years, so stop stalling and start saving THE US Census Board predicts that people above the age of 65 would account for 28 per cent of the global population by 2025. In Singapore,FILE PHOTO; Source: Singapore Department of Statistics General Household Survey 2055; HSBC - 852 words
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Article, Illustration1008 2006-05-17 45 MARK THORNTON - Asia, particularly China and India, is experiencing a private equity boom. What about South-east Asia? MARK THORNTON says the region merits a closer look MARK THORNTON THE tide is turning in South-east Asia's favour with many private equity companies increasingly optimistic about their1,008 words
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Article, Illustration1018 2006-05-17 46 CORINNE HAN - Confused by the wide variety of loans on offer? CORINNE HAN puts together a primer on how to make a smart choice CORINNE HAN LOOKING for a suitable personal loan may not be as difficult as you think. Know your requirements, be awareFILE PHOTO - 1,018 words
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Article, Illustration1300 2006-05-17 47 TAY HAN CHONG - Investing is like looking after your health you need a balanced diet and a fitness regime, TAY HAN CHONG shows how alternative asset classes can add to a good night's sleep TAY HAN CHONG IS IT possible to both live well and sleep well asREUTERS; Source: Annualised returns and volatilities of Goldman Sachs Commodity Index Total Return (BBG: GSCITR) and Traditional Portfolio are calculated based on the Bloomberg data from Mar 31 1998 and Mar 31 2006; Source:Annualised returns and volatilities of CSFB Trement Hedge Fund Index (BBG: HEDGNAV) and Traditional Portfolio are calculated based on the Bloomberg data from Mar 31 1998 and Mar 31 2006 - 1,300 words
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Article, Illustration1140 2006-05-17 48 SANDRA LEE - With more than 450 warrants on the market today, how should an investor go about picking one? SANDRA LEE has some guidelines SANDRA LEE STRUCTURED warrants have firmly established themselves in the market, with explosive growth in trading seen over the past year. TurnoverBLOOMBERG FILE PHOTO - 1,140 words
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Article, Illustration1118 2006-05-17 49 TAN CHIA SENG - Thinking of buying a property? Then start asking hard questions about buying objectives, affordability and interest rate trends. And consider speaking to experienced mortgage specialists, advises TAN CHIA SENG TAN CHIA SENG BUYING a property can be a complex process, and the need to be thoroughSource: Cebank - 1,118 words
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Article, Illustration1031 2006-05-17 50 SIEGFRIED HOENLE - SIEGFRIED HOENLE looks at how relationship managers are groomed to look after the needs of a bank's wealthiest clients SIEGFRIED HOENLE THERE are about two million high net worth individuals across Asia, but only 5 per cent of them are currently using private banking services, according1,031 words
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821 2006-05-17 51 A cost-effective solution that makes use of existing infrastructure BANKS are increasingly using the Internet to transmit financial information and to serve their customers online. But the downside is the growing sophistication of Internet banking fraud which in turn results in higher risks821 words
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Article, Illustration1446 2006-05-17 52 KAREN LOON - Cross-border mergers and acquisitions look set to gain momentum in Asia, despite continuing obstacles posed by regulatory environments and corporate cultures, writes KAREN LOON KAREN LOON MERGER and acquisition (M&A) activity among financial institutions in Asia is expected to gain momentum, spurred by the promise ofAP - 1,446 words
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Article, Illustration1271 2006-05-17 54 ANNE TAY - While many of us yearn to live to a ripe old age, we are not doing much to ensure we have enough funds to sustain us, notes ANNE TAY ANNE TAY EVERY day, we strive to do the right things to improve our health eatingFILE PHOTO - 1,271 words
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Article, Illustration1188 2006-05-17 55 TONY DOLPHIN - After three years of large and extended gains, where in the world might it still be possible to make money in equity markets? TONY DOLPHIN considers the options TONY DOLPHIN EQUITY markets have been rising for over three years now, having hit their low point inFILE PHOTO - 1,188 words
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Advertisement148 2006-05-17 31 3 banks on expansion, competition and governance pgs 2-4 How to retire well pg 14,24 Room for alternative investmentsj>(n7^^ *v 'v <. >' Hit# i' l v- iZ f• j v \z- ..,<s •>.&/■*&' x. _m M 1 ■k B^ m \HB MV iXJ/ J B V t M B148 words
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Advertisement259 2006-05-17 32 Stay in control of your trading around the dock with our multilingual online platform. Opening a position is quick and easy, and p\ /sQft CI 1 Q all our products are available through one trading account. 03/U D I IO Go long or short of thousands of Singapore and international259 words
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Advertisement88 2006-05-17 33 p»7^l^p^j|B^BM|||^^^B|W^^^BßßM|BMflßM .<gWßßrepllfc<J .Sayk# aß^mgH^^HM 1 I^hH^H K^HTHM^^H HHhR wlf kl v\ ess 4b PB <■■ P a: JJff a KE-T-yvr^a y w B^S J[H^H^mmH^W™MHWi!i^WIS^MM Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges88 words
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Advertisement154 2006-05-17 34 At HS Vision, we are not just reputed for Queensland Australia, with units in Precinct 1 hatching award-winning developments. totally snapped up not long after the launch. With a strong emphasis on client needs With products from only A 5298,000, you must and after sales service, we also consistently call154 words
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