The Business Times, 18 May 2006
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2006-05-18
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The Business Times
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Title Section15 2006-05-18 1 THE BUSINESS TIMES Thursday May 18,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/200615 words
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862 2006-05-18 1 NANDE KHIN - First-quarter growth a brisk 10.6%; robust domestic demand expected to spur economy By NANDE KHIN [SINGAPORE] Robust domestic demand is set to spur the economy to greater heights than expected, with full-year growth now seen as strong as 7 per cent after sparkling862 words
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173 2006-05-18 1 Bloomberg, Reuters [NEW YORK] Inflation concerns gripped investors, sending US stocks to their lowest levels in two months after the government said April consumer prices increased more than economists forecast. The Dow Jones industrial average was down 155.93 points to 11,263.96 at 11.45Bloomberg,; Reuters - 173 words
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Article138 2006-05-18 1 STI 2,548.69 (+34.99) ST INDEX FUTURES 2,551.00 (+35.00) SIMSCI 304.04 (+5.02) SIMSCI FUTURES 304.00 (+4.70) MARKETS Wednesday Change KLSECOMP 958.40 -1.54 NIKKEI 225 16.307.67 +149.25 HANG SENG 16,615.55 ,+222.44 SET INDEX 762.36 +0.49 JAKARTACOMP 1.462.16 +34.34 MANILA COMP 2,463.57 +3.38 SEOUL COMP 1.401.47 +19.36 SHENZHEN B 314.71 +9.07138 words
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495 2006-05-18 1 WONG WEI KONG - By WONG WEI KONG [SINGAPORE] The sharp decline in share prices in recent days has claimed a major listing casualty on the Singapore Exchange. The ING group is withdrawing what was supposed to be a breakthrough initial public offer a closed-end global equity495 words
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Advertisement28 2006-05-18 1 STOCK FOCUS The long view pays off for MIT PG9 regional markets pg 29 Contact centres beef up quality jfl^Hffl^r^|^^Hflj|||Mj||||||l challenges services industry pg 32 8 *****1 *****428 words
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Advertisement39 2006-05-18 1 COMPANIES Pacific Shipping Trust cuts IPO price range res iv-gf-i vrv t 0 s -,V i v^y' r ~v "'-^y t L- f- t M it t I.—__— *?L Kiiit* v* I! A S3 mm > Z/imvy >' Jv S Jf39 words
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Advertisement7 2006-05-18 1 5 fl\* %r W AIRLINES Tiger Airways7 words
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TOP STORIES
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Article591 2006-05-18 2 PM Lee sets out rules of prudence for PAP MPs IN a letter to People's Action Party MPs yesterday. Prime Minister Lee Hsien Loong spelt out the "rules of prudence" for them, including separating private business or professional interests from their public position. He said MPs who are591 words
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Article, Illustration482 2006-05-18 2 CHUANG PECK MING - Economists cite shift in disk-drive production to lower-cost sites By CHUANG PECK MING [SINGAPORE] Despite an upward revision of the official growth forecast for the full year, April's non-oil domestic exports (NODX) performed below expectations. Last month's NODX rose 10.1 perSource: - 482 words
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588 2006-05-18 2 ANNA TEO - By ANNA TEO [SINGAPORE] So long as there is no sustained climb, the recent surge in oil prices is not expected to throw Singapore's growth sights off course this year. While the Ministry of Trade and Industry (MTI) sees tiie hike in oil588 words
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457 2006-05-18 3 CHEN HUIFEN - Prime minister touches on finances, humility, bold discussion in Parliament By CHEN HUIFEN [SINGAPORE] In a letter to People's Action Party Members of Parliament yesterday, Prime Minister Lee Hsien Loong spelt out the "rules of prudence" for them, including separating457 words
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Article, Illustration435 2006-05-18 3 VEN SREENIVASAN - It alleges that Jetstar Asia is planning to collude with parent Qantas By VEN SREENIVASAN [SINGAPORE] Singapore Airlines' low-cost associate Tiger Airways has filed a complaint with competition regulators, protesting that its budgetairline rival Jetstar Asia is planning to collude with its own parent, Qantas. BTFILE PHOTO - 435 words
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692 2006-05-18 3 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] The National Wages Council (NWC) says pay increases should be backed by productivity gains, as a tightening labour market puts upward pressures on wages. Under its latest guidelines issued yesterday, the tripartite council made up of government, employer692 words
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Advertisement312 2006-05-18 2 people Corporate matchmakers. www.thepeopleatwork.com Asia-Pacific: Executive Search 13 th to 14* July 2006 SINGAPORE It's estimated that 90% of medium to large companies that cant resume near-normal operations within 5 days of an emergency are out of business within a year. Banks and security houses especially have become increasingly aware312 words
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Advertisement58 2006-05-18 2 Accelerated Global Tender for Satya Capital Limited of 69,350,000 shares in Singapore Petroleum Company Limited SGD 389,000,000 May 2006 Lynch IllMfl Merrill Lynch PrimePaitners Corporate Finance Sole Bookrunner and Financial Adviser and Joint Lead Manager Joint Lead Manager This announcement appears as a matter of record only Call 1000 20958 words
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Advertisement21 2006-05-18 2 Releasing your financial results? Call 1800 289 8822 or email notices®sph.com.sg to book yo financial results in our newspapers AT3 NOTICES21 words
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Advertisement158 2006-05-18 3 i THE HOURGLASS Contemporary I lorologic al Art siMi *i i( in 13 r i i i i I P I" i i > J I > l 1 p i i ;K VIAMfJf < HALTER .•at t r.i r.* i.« h;t .1' /:t I: SilfiP' I !i»*i Nv >158 words
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COMPANY NEWS
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Article, Illustration416 2006-05-18 4 R SIVANITHY - It hopes for trading boost as absence of liquid futures market for STI is overcome By R SIVANITHY MACQUARIE Securities is issuing warrants on the Singapore Morgan Stanley Capital International Index, or SiMSCI a move which Macquarie hopes will help spark greater trading of416 words
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770 2006-05-18 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IN ITS press release announcing the launch of new warrants on the Singapore Morgan Stanley Capital International index (SiMSCI), Macquarie Securities yesterday said it chose the SiMSCI over the much more familiar Straits Times Index because770 words
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161 2006-05-18 5 POPULAR Holdings, an integrated business better known for its bookstores and publishing arms, has bought eight residential units with a total land area of 15,070 square feet at 1 Robin Road, Seng Mansion, the group announced yesterday. The property has the "potential for161 words
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Article, Illustration487 2006-05-18 5 GRACE CHONG - It also secures residential site in Hangzhou for $112m By GRACE CHONG CAPITALAND has acquired a retail mall in Beijing for 1.32 billion yuan (*****.3 million) as part of its plan to launch a China retail real estate investment trust (China Retail Reit)487 words
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635 2006-05-18 5 SIOW LI SEN - By SIOW LI SEN PACIFIC Shipping Trust (PST), Singapore's first business trust, has revised down its initial public offering price to between US$O.45 and US$O.4B per unit from US$O.5O and US$O.52 to reflect market caution for the new asset class. DBS Bank spokeswoman635 words
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187 2006-05-18 5 KRITI SINGH - By KRITI SINGH K-REIT Asia Management Ltd yesterday announced that it has secured two fixed-rate mortgage loans totalling about $190 million from Blossom Assets, a special purpose vehicle incorporated in Singapore. The loans consist of two mortgages on the properties and assets of187 words
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Article, Illustration452 2006-05-18 6 CONRAD RAJ - APB reveals it will have 30 breweries in 11 Asia-Pacific countries by 2007 By CONRAD RAJ FRASER Neave yesterday emphasised that the company's entry into real estate investment trusts (Reits) does not mark the exit of wholly owned subsidiary Fraser CentrepointFILE PHOTO - 452 words
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368 2006-05-18 6 SIM PING KHUAN - This follows its deal with CEO to acquire a 55.01% stake By SIM PING KHUAN RUBEN Capital Ventures Limited has acquired 55.01 per cent of Sembawang Music Holdings for $6.49 million or 22 cents a share, triggering a mandatory unconditional offer368 words
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353 2006-05-18 6 UMA SHANKARI - By UMA SHANKARI A STAGGERING $16 million for a condo apartment that is what one of the super-penthouse units at SC Global Developments' luxury development The Boulevard Residence fetched. The buyer, a foreigner, heads an international hedge fund which will be setting353 words
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276 2006-05-18 5 KRITI SINGH - By KRITI SINGH KEPPEL Land (KepLand) is issuing $300 million seven-year convertible bonds in a move to raise funds for refinancing its debt and for general corporate purposes. The move comes as the property arm of Keppel Corporation yesterday gave an update on276 words
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Article, Illustration511 2006-05-18 7 SIOW LI SEN - Raise comes on higher earnings and room for more capital reductions By SIOW LI SEN MORGAN Stanley yesterday raised its price target for Singapore Telecommunications (Sing Tel) to $3.10 from $2.95, citing higher earnings from associates and room for more capital reductions. In addition,FILE PHOTO - 511 words
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COMPANY BRIEFS
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Article48 2006-05-18 7 F&N Investments (F&NI), a subsidiary of Fraser and Neave, now owns 25 per cent of Fung Choi Printing and Packaging Group. This follows its exercise of an option to acquire nearly 66.1 million shares of Fung Choi at 44.1 cents each.48 words
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50 2006-05-18 7 TELEDATA (Singapore) has entered into a subscription agreement to issue 23.8 million new shares to three individuals at 2.53 cents per share. The net proceeds of $602,140 will be used to pay professional fees related to its proposed acquisition of Edison Electrical Holdings.50 words
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70 2006-05-18 7 UNITED Industrial Corporation through UIC China is investing about $35 million for a 51 per cent stake in Tianjin Yudao Jinlv Development Co Ltd (TYJD), a mixed development project in Tianjin comprising hotel rooms, serviced apartments, offices and retail space. The joint venture70 words
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65 2006-05-18 7 AIROCEAN Group has entered into an agreement to acquire 490,000 shares or a stake of 49 per cent in aeßo 2000 Ground Services for about $138,000. The aeßo 2000 group is engaged in airport ground handling. "aeßo 2000 Group currently handles all cargo65 words
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78 2006-05-18 7 HYFLUX has been awarded a 70 million yuan (5513.7 million) project to build, operate and transfer an industrial wastewater treatment plantin Wujin District of Changzhou City, Jiangsu, China. The plant has a capacity 0f40,000 cubic metres per day and will treat the industrial and78 words
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400 2006-05-18 7 Reuters [SINGAPORE] MP3 music player maker Creative's US patent lawsuit against Apple has boosted the lossmaking Singapore firm's shares, but analysts fear it will disrupt management turnaround efforts. Creative Technology, the world's No 2 MP3 player maker, whose Nomad and Zen playersReuters - 400 words
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Advertisement381 2006-05-18 4 2501 Chengdu Moderni Service, Industry Seminar (Singapore) of Commerce and Trade" designated by the State Council, it Date Time: 19th May 2006 (Fri), 2-spm thehmou»Churod Road and Yanshlltou commerce circles, which are Chengdii moat prosperous downtajm^areas. Venue: Marina Mandarin Hotel, Singapore < headquarters and branches in Jinjiang District, among which381 words
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Advertisement240 2006-05-18 5 NUS Business School, BBA Class of 2006. Climbing high even before graduation. Aana Leigh Lawton, Procter Gamble; Brian Mathew Pua Cu f The Boston Consulting Group; Celestine Chua Seow Hoon, Procter Gamble; Chen Xin, Morgan Stanley; Chew Junren Anson, IE Singapore; Chong l-T'ing Celeste, HSBC; Chooy Meiqi Pricilla, Citibank Singapore;240 words
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Advertisement24 2006-05-18 6 > (KK% Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL iBoo-iB 9 9988 (OFFICE HOURS). ,*AT# Ttye ZiZnv24 words
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Advertisement99 2006-05-18 7 ——^l»ni mi/ Our qualified professionals can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas. Mauritius PUHHIHBH Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate99 words
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Advertisement190 2006-05-18 7 ■fc. ■■runm rri ir-i —r— nrrr -V islffiM!! MI I "i"" Credit Agricole Private Bank Imagine a private bank that combines strength and dedicated service Backed by an extensive international network and the significant leverage that comes with being a member of the world's sth largest banking group*, Credit Agricole190 words
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SINGAPORE MARKETS
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Article, Illustration533 2006-05-18 8 R SIVANITHY - STOCKS This compares with 130 points shed in the past three sessions; blue chips like banks, CapitaLand and NOL shine R SIVANITHY Senior Correspondent FTER losing 130 MwL points in three conAsecutive sessions starting from last Thursday, the Straits Times Index yesterday bounced up bySouroe: Bloomberg - 533 words
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Article, Illustration994 2006-05-18 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 17 and earlier) Subsantial No of Pric® SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr ('000) 000) Armstrong 16-May-06 Ong Peng Koon Buy 1000 0.17 *****7 43.39 *****7 Armstrong 16-May-06 Chow Goon Chau *Buy994 words
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Article, Illustration931 2006-05-18 8 UMA SHANKARI - Compiled by UMA SHANKARI City Developments May 17 dose: $I*lo ÜBS RESEARCH. May It Foreign interest in prime residential best ever. In this note, we focus on high-end residential where we are experiencing strongest foreign demand ever. High-end rentals are growing fastest since 1999 and we see theSource: Bloomberg - 931 words
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Article, Illustration516 2006-05-18 8 CURRENCIES AFP [TOKYO] The dollar slipped towards fresh eight-month lows against the yen in Asian trade yesterday on worries over the huge US current account deficit and an expected narrowing of yield gaps, dealers said. The US currency dropped to 109.52 yenAFP; BLOOMBERG - 516 words
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STOCK FOCUS
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Article, Illustration1259 2006-05-18 9 WONG WEI KONG - Manufacturing Integration Technology keeps the memory of the 2001 downturn in mind and ensures that diversification remains very much the focus for future growth, reports WONG WEI KONG WONG WEI KONG INCF the start of this year, shares of Manu- facturing Integration TechnologySource: Bloomberg; FILE PHOTO - 1,259 words
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Advertisement31 2006-05-18 9 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages j Call Bernard Ong at 631 9-1 645 or Michael Chng at 6319-2026 Shipping Times31 words
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Advertisement143 2006-05-18 9 i mmbnHMMMHHMHHHIIHHHHHHHHHi J IBml F M B J5 Jjf' ./-sj| Jp -a ■tfj 'i* €B€L THE ARCHITECTS OF TIME THE ARCHITECT SERIES Ebel proudly honors the legacy of Oscar Niemayer and supports the vision of timeless architecture. Niterdi Contemporary Art Museum, 1996. Niter6i, Brazil. NGEE ANN CITY. Sincere Fine Watches,143 words
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SINGAPORE NEWS
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Article, Illustration514 2006-05-18 10 ARTHUR SIM - Consultant cites convergence of airline, casino and hotel industries By ARTHUR SIM INCOME from tourism for Singapore is bound to rise from the convergence of the airline, casino and hotel industries, says industry expert Jonathan Galaviz. Mr Galaviz, a partner at Globalysis, a consultancyAP - 514 words
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259 2006-05-18 10 Move will lower business costs for govt suppliers WINNING government business is now easier than ever. The Ministry of Finance (MOF) has appointed a leading credit and business information bureau to assess applications by companies that wish to tender for the supply of goods259 words
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Article, Illustration377 2006-05-18 10 SINGAPORE will develop its insurance industry by focusing on specialised products, attracting new capital and strengthening its position as a hub for captive insurers, deputy managing director of MAS, Ong Chong Tee, said yesterday. Asia will see increased demand for specialised insurance products, due377 words
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SINGAPORE ROUNDUP
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61 2006-05-18 10 THE Monetary Authority of Singapore has published formal regulatory actions taken since Jan 1 against three capital markets services representatives and a licensed entity for breaching market conduct. It has also taken regulatory and administrative action in another 47 cases. The61 words
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225 2006-05-18 10 COE premiums for passenger cars inched up slightly after they fell significantly a fortnight ago. Category A for cars below 1,600 cc crept up $97 to $10,100, while the increase in Cat B for cars above 1,600 cc was slightly more225 words
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79 2006-05-18 10 THE Singapore Chinese Chamber of Commerce Industry (SCCCI) and the Singapore Indian Chamber of Commerce Industry (SICCI) are jointly organising a business mission to Chennai, Pune and Mumbai from May 21-26. The 51-member delegation will explore business opportunities there. The mission, led79 words
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377 2006-05-18 10 MICHELLE QUAH - It will be wound up if it is not able to pay damages By MICHELLE QUAH THE Singapore Democratic Party (SDP) has decided not to file a defence against a defamation suit brought against it by Minister Mentor Lee Kuan Yew and377 words
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382 2006-05-18 10 SAMUEL EE - By SAMUEL EE THE Land Transport Authority (LTA) will embark on its largest and most expensive road upgrading project when it begins construction work on the Woodsville Interchange next year. LTA will build three tunnels and one flyover, and reconfigure the junctions where382 words
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Advertisement891 2006-05-18 10 T T f Registered Office: Amstelveenseweg 500 I I BBBja J 1081 KL Amsterdam J. X The Netherlands CONSOLIDATED BALANCE SHEET OF ING BANK AS CONSOLIDATED PROFIT AND LOSS ACCOUNT OF AT 31 DECEMBER ING BANK FOR THE YEARS ENDED 31 DECEMBER BEFORE PROFIT APPROPRIATION 2005 2004 (in millions of891 words
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ECONOMY WATCH
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Article, Illustration542 2006-05-18 11 Strong case for trade pact between the 2 regions, says Mandelson Reuters, AFP [KUALA LUMPUR] The European Union could begin negotiations on a free trade agreement (FTA) with Asean by the end of this year, its trade chief said yesterday. EUReuters,; AFP; AP - 542 words
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Article714 2006-05-18 11 Region needs to liberalise faster, say analysts AP [MANILA] An ambitious plan to turn South-east Asia into a European-style economic community that can counter China and India will be difficult unless the region shelves its protectionism and speeds up the liberalisation of trade inAP - 714 words
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249 2006-05-18 11 Bloomberg (BEIJING] China's industrial production rose 16.6 per cent in April as factories churned out more cars, mobile phones and steel to meet rising demand at home and abroad. Output climbed to 682 billion yuan (SSI34 billion) after rising 17.8 per cent inBloomberg - 249 words
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Advertisement1251 2006-05-18 11 SINGAPORE |o RIEN TALI ST WOVEN ART I Classics Modems Tribals Antiques and Cotlectables fife. Handknotted 1 Nassim Road Singapore *****8 Tel: 6235 3343 www.theorientalist.com i i Restoration Consultation Professional Cleaning /Association SC D Skandinaviska Enskilda Banken Head Office: Kungstradg&rdsgatan 8, Stockholm, Sweden BALANCE SHEETS I INCOME STATEMENTS 31 December1,251 words
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MALAYSIA/INDONESIA
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Article, Illustration444 2006-05-18 12 S JAYASANKARAN - Shareholders will get proceeds via capital repayment at RM10.35 a share By S JAYASANKARAN in Kuala Lumpur MMC Corporation announced a RM9.3 billion (Ss4.l billion) plan yesterday to buy the entire business of independent power producer Malakoff in an acquisition that has beenFILE PHOTO - 444 words
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219 2006-05-18 12 Reuters {KUALA LUMPUR] Shares of dominant Malaysian power utility Tenaga Nasional yesterday rose for the first time in four sessions, fuelled by investors' hopes it could get permission for its first tariff increase in a decade. Malaysia needs to further study theReuters - 219 words
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291 2006-05-18 12 Reuters [JAKARTA] Shareholders of Indonesian mining company PT Bumi Resources Tbk approved yesterday the firm's plan to sell two coal mines in a deal worth US$3.2 billion as well as the payment of a dividend once the deal goes through. Bumi, controlledReuters - 291 words
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BRIEFLY ASIA
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55 2006-05-18 12 AFP [BEIJING] The Bank of China announced it will launch its long-awaited initial public offering in Hong Kong today with the lender hoping to raise more than US$ll billion. The mainland's second largest bank said yesterday the IPO period would last forAFP - 55 words
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85 2006-05-18 12 Reuters {SHANGHAI] Ping An Insurance, China's second-largest life insurer, has received initial approval to buy a majority stake in the country's oldest city commercial bank, sources said yesterday. The China Insurance Regulatory Commission said in a letter dated Jan 27 thatReuters - 85 words
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66 2006-05-18 12 Reuters [DHAKA] Four Malaysian companies could invest US$BB4 million to construct a second highway between Bangladesh's capital Dhaka and the country's main port of Chittagong, the head of one of the firms said yesterday. "We have submitted the investment proposal to the communications ministryReuters - 66 words
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78 2006-05-18 12 Bloomberg [KUALA LUMPURI Iris Corp has asked Malaysia's stock exchange to lift trading curbs that sparked a 26 per cent drop in the stock on Tuesday and threatened to derail the company's plan to sell more shares. The exchange on May 11Bloomberg - 78 words
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72 2006-05-18 12 The Economic Times [NEW DELHII India's Spice Telecom is looking at the possibilities of offloading 20 per cent stake in an initial public offer in November to raise US$2OO-250 million. Spice Telecom, mobile service provider in Karnataka and Punjab states, offloaded 49The Economic Times - 72 words
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Article2293 2006-05-18 12 VOl Gamuda AW -0.02 499 May 17 Ml W- (*000) General Corp -0*3 unch 76 Gentmg .-..34.00 -0.10 496 A AM Realty 137 -0.03 6 George Kent 0.60 0.02 162 Abric 036 -0.02 118 G HI Systems 0 26 0.01 ***** ACPIndustnes 1.09 0.04 216* Globetronta Tach 0332,293 words
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Advertisement1044 2006-05-18 12 NORTHERN TRUST CORPORATION Parent company of The Northern Trust Company Headquarters: 50 South LaSalie Street, Chicago, Illinois t As at December 31 For the Year ended December 31 (US$ in Millions Except Share Information) 2005 2004 (USS in Millions Except Per Share Information) 2005 2004 ASSETS NONINTEREST INCOME Cash and1,044 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1167 2006-05-18 13 CHUANG PECK MING - S'pore is among the top foreign investors in the Chinese city, pumping US$l77m into its economy last year, writes CHUANG PECK MING CHUANG PECK MING TIANJIN is no stranger to Singapore companies. Companies as diverse as logistics provider ip YCH, airport manager Singapore AirportST PHOTO - 1,167 words
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435 2006-05-18 13 FOB Singapore-based Salcon, the water shortage in Tianjin is a big draw since the wholly-owned subsidiary of the Boustead Group is an engineering company that specialises in designing and supplying water and environmental treatment systems. "We believe there are tremendous opportunities435 words
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Article, Illustration503 2006-05-18 13 HAVING set up shop in Tianjin way back in 1997, CWT Globelink has a headstart in the sea freight cargo business there. And today, according to Tan Choon Wei, the company's executive chairman, it is not just a market leader in sea503 words
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Advertisement12 2006-05-18 13 Take that first step towards internationalisation IM Singapore Helping Singapore enterprises internationalise12 words
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Advertisement5 2006-05-18 13 ENTERPRISE THE BUSMESS TIMES SINGAPORE5 words
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GREATER CHINA/INDIA
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Article, Illustration378 2006-05-18 14 A cut in cash component an automatic consequence Reuters [PARIS] Mittal Steel will meet investors to "listen to their demands" after its offer for rival Arcelor is launched today but could cut the cash component, a company official was yesterday quotedReuters; BLOOMBERG - 378 words
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309 2006-05-18 14 Reuters [NEW DELHI] A relief rally could lift Indian shares in the short-term to near their record highs hit last week, but the choppy market will later face stiff resistance from two bearish patterns, chartists said yesterday. The benchmark top-30 BSE index, which crawled backReuters - 309 words
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203 2006-05-18 14 Reuters [SHANGHAI] China's Industrial Bank, part-owned by an arm of HSBC Holdings pic, is aiming to raise more than 10 billion yuan (551.96 billion) in a listing this year, its president told Reuters yesterday. Li Renjie said the bank's preference wouldReuters - 203 words
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460 2006-05-18 14 [HONG KONG] After years of study, the Hong Kong stock exchange has finally decided to end its requirement that companies buy newspaper advertisements to notify investors of significant news that may affect share prices, reports the South China Morning Post. As a result, several460 words
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264 2006-05-18 14 [HONGKONG] China's Minsheng Banking Corp's plan to sell a stake to foreign investors has been stalled as potential buyers are pushing for a larger stake than some shareholders in the bank are willing to allow, the South China Morning Post reported, citing market sources.264 words
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ASIA-PACIFIC/WORLD
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409 2006-05-18 15 Reuters I WASHINGTON] A big jump in energy costs pushed US consumer prices up sharply last month, while rising rents led to an unexpectedly steep gain in core prices, according to a government report yesterday that stirred inflation worries in financialReuters - 409 words
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202 2006-05-18 15 Bloomberg [SAN FRANCISCO] Shares of Hewlett-Packard Co the world's second-largest personal-computer maker rose as much as 4.4 per cent in Furope after profit beat analysts' estimates as the company took sales from Dell Inc. Shares of HewlettPackard gained as much as US$l.37Bloomberg - 202 words
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Article, Illustration576 2006-05-18 15 Investments hurt with mega projects delayed by a year By OUR CORRESPONDENT in Bangkok CONTINUED political uncertainty is starting to hit Thai economic growth and is gradually slowing investments into the country, caretaker Finance Minister Thanong Bidaya said yesterday. "What we are very concernedBLOOMBERG - 576 words
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Article, Illustration727 2006-05-18 15 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent THE most significant event in what has been a tumultuous week for currencies and commodities was China's decision on Monday to allow the yuan to rise above eight to the dollar, for the first time in 12727 words
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WORLD WATCH
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104 2006-05-18 15 Bloomberg [PARIS] Vivendi, owner of France's second-largest mobile phone company, said first-quarter profit rose 41 per cent, spurred by client gains at wireless unit SFR and higher music sales. The company raised its outlook for 2006 profit. It also saidBloomberg - 104 words
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92 2006-05-18 15 Reuters [HONG KONG] Samsung Electronics expects stronger demand for computer memory chips in the second half of this year and sees NAND flash chip prices strengthening. Samsung also expects increased demand and better pricing for LCD panels for notebooks and personalReuters - 92 words
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67 2006-05-18 15 Bloomberg (BOSTON] Caterpillar Inc, the world's biggest maker of earthmoving equipment, agreed to buy railroad repair company Progress Rail Services for US$BOO million in stock and cash. Caterpillar will add Progress Rail customers including regional railroads and public transportation authorities, the companyBloomberg - 67 words
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92 2006-05-18 15 AFP [FRANKFURT] General Motors, the world's biggest car maker, is to axe around 900 jobs in its factory in Ellesmere Port in Britain, despite efforts by unions to avert the cuts, Handelsblatt business daily reported yesterday. British Chancellor of the ExchequerAFP - 92 words
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547 2006-05-18 15 It tops Inco's offer in a bid to create the fourth largest mining company Bloomberg [LONDON] Xstrata pic, seeking to break up a merger of two Canadian rivals, made an unsolicited C 516.1 billion (5522.8 billion) offer for Falconbridge Ltd to create theBloomberg - 547 words
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Advertisement1339 2006-05-18 15 S NOTICES I IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF MID-EAST AIRPORT SERVICES PTE. LTD. (REG. NO. *****6684Z) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Members of the1,339 words
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AVIATION
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Article, Illustration409 2006-05-18 16 VEN SREENIVASAN - With 2 pre-bid acceptances, it is 14% short of a full takeover By VEN SREENIVASAN LONDON-listed Advent Air is making a general offer for all outstanding shares that it does not own in Perth-based airline, Skywest. Advent, which is listed on London Stock409 words
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Article2171 2006-05-18 16 CITY FUGHT ETA FUGHT FTO SQ143 1535 SQ146 1640 GA840 1640 GA841 1755 AtniPtabi ***** 1135 SQ456 1300 47 5m36 2030 7 7 iS £S5S ill -jMMzMkM AF8087 850 QF82 2215 Dub* NZ4355 0735 EK405 0210 BA7381 1850 LH9770 2345 SQ493 0735 EK433 0325 OF81 18502,171 words
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264 2006-05-18 16 Reuters [BERLIN] Airbus believes its plans to improve its planned A 350 widebody jet will boost its chances of winning major orders from Singapore Airlines and Emirates its chief executive said yesterday. Singapore had been expected to make a finalReuters - 264 words
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Article, Illustration416 2006-05-18 16 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Singapore Airport Terminal Services (SATS) and Air India (AI) have entered into a joint venture for cargo handling at the new Bangalore International Airport. The Al-SATS consortium is one of two consortiums awarded a 20year Service Provider Right Holder contractFILE PHOTO - 416 words
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143 2006-05-18 16 Reuters [MELBOURNE] Qantas Airways Ltd is planning to cut 20 per cent of its corporate staff as the Australian airline looks to offset rising fuel costs, the Australian Financial Review newspaper reported yesterday. Citing sources inside the company, the newspaper saidReuters - 143 words
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304 2006-05-18 16 Bloomberg, AFP [SINGAPORE] Singapore's Changi Airport, Asia's sixthbusiest, handled 2.85 million passengers in April, a monthly record this year, as economic growth lifted incomes and more people travelled during holidays in the month. The increase was fuelled partly by the long weekend inBloomberg,; AFP - 304 words
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265 2006-05-18 16 AP [KUALA LUMPUR] Malaysia plans to upgrade its low-cost airline terminal near Kuala Lumpur International Airport to include a covered walkway to aircraft, after passengers complained of getting drenched as they boarded their flights, a news report said yesterday. Deputy Transport MinisterAP - 265 words
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Page 16 Miscellaneous
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Miscellaneous143 2006-05-18 16 CRYPTIC CROSSWORD 26 Confusion of Tory leader's injured instead (9) VtiIWOAVS SOLUTION position (6) 12 Parking sign catches bird Across: 1 Contradict, 9 Disc, 10 one man/els (9) Cornucopia, 11 Settle, 12 Charade, DOWN 14 Driving off US peril with no 15 Andiron, 16 Sling, 17 Emma, 18 1 Tip-top143 words
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SHIPPING
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Article, Illustration655 2006-05-18 17 It is likely to use the money to fund further expansion and refinance debt Bloomberg I DUBAI 1 DP World, the Du-bai-owned company that bought Peninsular Oriental Steam Navigation Co in February, plans a series of share sales to international investors asBloomberg; FILE PHOTO - 655 words
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390 2006-05-18 17 Reuters [SHANGHAI] China's Dalian Port expects foreign firms to take up to half of the third phase of its container port, but a domestic share sale for the recently Hong Kong-listed port operator is not likely in the near term.Reuters - 390 words
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Article290 2006-05-18 17 SGX '000 May 17 SS V* CH Offshore .0.38 0.01 367 ChuanHup 034 0.01 1181 Cosco Corporation 1.34 0.10 ***** CWT Distribution 1.22 0.03 99 Ezra Hldgs .2.52 0 28 926 Freight links 0 08 0.01 964 Grand Banks Yacht 0.87 unch 0 Jaya Holdings 1.42 0.03 256290 words
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Article, Illustration610 2006-05-18 17 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] A requirement for 100 per cent scanning of cargo containers destined for US ports is inevitable, said the head of security for the Port of Los Angeles shortly after US lawmakers narrowly defeated a Bill aimed610 words
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Article, Illustration373 2006-05-18 17 AFP I BREST] The giant aircraft carrier Clemenceau. once a proud symbol of France's naval might, returned to home port in Brest yesterday morning after failing to find a foreign country willing to dismantle its asbestos-contaminated hull. The ship entered the Brest ChannelAFP - 373 words
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Page 17 Advertisements
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Advertisement897 2006-05-18 17 msmn SINEUROPE PTE LTD (Incorporated in the Republic of Singapore) Co Regn. No. *****4726-Z LOSS OF SHARE CERTIFICATES NOTICE is hereby given (bat tbe following Certificates have been repotted lost, mislaid or destroyed: NMKJl££haaMlkn No- No- of Sht'res FooHeeYi 2 1 4 4,499 6 13,000 8 500 9 20.000 11897 words
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EDITORIAL & OPINION
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Article530 2006-05-18 18 EDITORIAL THE financial markets are in a curious state. When commodity prices were scaling new heights, it was cited as a concern for the general economy and stock markets. It was argued that inflation and raw material costs may rise and cause misery to companies that could530 words
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Article, Illustration1064 2006-05-18 18 G PANICKER - Dilution of standards at top schools will spell their decline and hurt India's competitiveness G PANICKER POLITICS is making India doubly hot this summer. University students and corporate big-wigs are up in arms against New Delhi's new show of enthusiasm for affirmative action programmes1,064 words
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Article, Illustration762 2006-05-18 18 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR Bloomberg FOR years, Asian governments have engaged in a tug-of-war with currency traders. Governments want currencies to stay low; traders think they should rise. This week, traders had the upper hand thanks to the USBloomberg - 762 words
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Article1268 2006-05-18 19 FAN GANG, YUWA HEDRICK-WONG - By FAN GANG, YUWA HEDRICK-WONG HE anti-globalisation World Social Forum met in January 2006 in Caracas, Venezuela. Thousands of activists attended but there were no representatives from China. And there were no Chinese among the anti-globalisation protesters at Cancun in 2003, Genoa in 2002 or Seattle1,268 words
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Article5560 2006-05-18 19 UNIT TRUSTS FUNDS ACMGI Amet Income A EUR 6.59/ Mill ACMGI Amer IncomeBEUR 6.59/ ACM6I Europ Income Opp AT S60 15.2® ABM Amro Asset Mgt (S'pore) ACMGl Europ Income Opp BT SGD 1528/ Star Ei»ope Eqty' 0 9V ACMGl Europ Income Opp AT EUR 7.55/ Star Ei*ope Bond 1183/ ACMGl5,560 words
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Advertisement34 2006-05-18 19 I You can now use your CPF savings to invest in AllianzGI Global Allianz (jfi) i Hjqh p avout fund. Visit OCBC Bank for more details. Global lnvestors -o&&HF J# J company no **********34 words
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Article10723 2006-05-18 20 SGX MAINBOARD Transaction date: May 17 52-WV Tel Last Vol Day Last Quote GfOiv Wv GrYM Net MCao High Low Code Company Sale COOP) High Low Buyer SeHef Cvr S P/t tmil 5 1 5716 1st Software 5c 2.5 unch 120 2.5 2.5 2.5 3 10 16 610,723 words
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Article6495 2006-05-18 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr MM In II5S dy yf dy \yr dy %yr May 1» Index Chang* Chang* Change Change Change Change indftt ftrtnuiaiy 1008.2 03 4.0 -06 2.5 -0J 8.1 t EAH ftetarwiaiy '018.7 -0.5 46 0 7 7.5 -0-3 133 1356.4 Oi6,495 words
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Page 22 Advertisements
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Advertisement1214 2006-05-18 22 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./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, Indonesia1,214 words
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Advertisement660 2006-05-18 22 DONGNAMA LINE CONTAINERISED SERVICE vessel (evert sun) vot rs we KOTAHASR. HA5423 21/05 25/05 KOUHAItA HTA4S6 20/05 01/06 KOUHAHAH HU235 04/06 00/06 VESSEL (EVERT SIM) VOT SGP MG TIT TOR ROOI MOLUNRTT ***** 21/05 25/05 29/05 30/05 01/06 mraruNi ooim 2*/ os 01/04 os/oo 06/06 00/06 MOL GLORY 4716* 04/06660 words
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Advertisement709 2006-05-18 22 WW WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com Vtssa VOY RAMP HBCHT MM UC —0 SAV Ml Otf TAMO AMI 5 420 fes 4.4 M 11/0$ 11/* 22/04 17/* 25/0* TALAOOT AMU 4001 M 6.3 M 30/05 11/04 30/04 04/07 M/ 07 07/07 TALISMAN Af4l7 3201NS 4.4* _04/04__ 02/07 11/07 15/07 10/07709 words
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Advertisement1526 2006-05-18 23 WAN HAI INTERNATIONAL PIE LID at NO: **********0/* v"" 11.... TEL: *****588 (14UHES) FMfc*****163 \\M\\A/AM lIAI I INF\ S^vk./BooktapDfectUn.-(1800)*****200 V 11 V lIMII lIMI LI 11 L J HQ. TH: 103) *****M8 FAX: (03) *****218 PWIH: (04) 2J***** FAX: (04)*****99 V JOH IB: (07) 251C923 FAX: (07)*****21 SIR 1H; (031)1,526 words
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Advertisement1072 2006-05-18 23 Ivissil IVOY PKI I SIN I KARACHI DX» Ml NHS DMM UK I KHOft IRAN K Oft DC STAN KL 3137 20/05 21/03 30/05 02/06 03/06 09/06 12/06 15/06 MAN SHAHRYAR PCL 8138 30/05 31/05 09/06 12/06 13/06 It/06 21/06 24/06 IRAN BAAIAII PCI 3140 05/06 06/06 15/06 13/06 19/061,072 words
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Advertisement782 2006-05-18 23 m WEEKLY EXPRESS SAIUMG SCHEDULE WESTERN ICQ POINTS VBSa I VOT SW PJOAM6 tOUHMO HSMVA COUMMO «8-«» A ,ffi» iiffi -HH(nmH»iifl» MiTw mux aim nnim tuna auiil lauKttm mums osjuii otiuw mm i?Jm mm HHIAGMBHI 010* 12JUII I 13JUW 1 ItJUH »JW 22JWI mso acopim ml id com* imam cm782 words
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THE BUSINESS TIMES SHIPPING TIMES
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6460 2006-05-18 24 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA AtKertiser Vessel Voyy T *jg**** "J SIN Dest'n Name Name Number Number SIN Destn Name Name Nunber Number SIM 25/06 03/07 PTDjakarta KAMAKURA 027S *****203 10/ To ABIDJAN (ABJ) 2003 Cote D'lvoire IV 25/05 02/076,460 words
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PROPERTY
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Article, Illustration370 2006-05-18 25 Prices fell 6.6% in Q1 due to rising interest rates, mortgage costs Bloomberg [HONG KONG] The territory is leading a worldwide slowdown in house price growth as rising interest rates push up the cost of mortgages, international real estate adviser Knight FrankBloomberg; BLOOMBERG - 370 words
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414 2006-05-18 25 NYT [BANGALORE] Forged land titles, corruption, high taxes? No matter. India's real estate market is getting very, very warm. It may still be a fragmented industry with high transaction costs and an absence of complete transparency; but it is whetting the appetites ofNYT - 414 words
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Article, Illustration518 2006-05-18 26 ARTHUR SIM - Rents, shoppers on the increase after mall's 2-year renovation By ARTHUR SIM MARINA Square is being relaunched after a $100 million, 24-month, renovation, and mall owner Marina Centre Holdings (MCH) is already seeing rewards. MCH senior manager (advertising and promotions) Tan Swee Lin estimates518 words
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1810 2006-05-18 26 PROJECT NAME/ PROP CONTRACT TENURE BUIUN/IAMD PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (SS 000) (Si) District 01 NON-LANDED Emerald Gdn Apt 27/04/2006 999 1238 1100 889 People's Park Cte Apt 28/04/2006 99 4036 1080 268 The Sail at1,810 words
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Article, Illustration566 2006-05-18 27 ARTHUR SIM - Such transactions have more than doubled for some property firms By ARTHUR SIM [SINGAPORE] Foreigners may be boosting the high-end property market but Singapore's permanent residents are helping out on the public housing front. The Housing and Development Board (HDB) does notFILE PHOTO - 566 words
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232 2006-05-18 27 Reuters [TAIPEI] Lehman Brothers will be the first foreign bank to advise a real estate investment trust (Reit) in Taiwan, according to source close to the matter. The US investment bank will act as the financial adviser for a NT$3.B billion (*****.6Reuters - 232 words
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227 2006-05-18 25 It forms alliance with Tokyo-based real estate consulting firm SOW Inc Bloomberg [TOKYO] Carlyle Group, manager of the largest US buyout fund, is expanding its property investments in Japan by allying with SOW Inc, a Tokyo-based real estate consulting firm, to buy out-of-town properties. TheBloomberg - 227 words
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Page 25 Advertisements
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Advertisement279 2006-05-18 25 For Sale By Tender (located In Prime Dietrict9) 9m 5 Plots of Land Combined Land Area :4,132 sqm(approx) J# •Tenure Freehold •Plot Ratio: 2.8, Up to Maximun Height of 15 storeys I •Zoning Iplot-'Residential with commercial on Ist store/ J f£y M 4 other plots 'Residential' l*v Ms GrossßoorArea: 11,570sqmapprox(combinedbasis)279 words
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Page 26 Advertisements
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Advertisement184 2006-05-18 26 EcM9HliMHM||Bl^^^^^^^^^|savills| FOR SALE BY TENDER Prime Freehold Residential Site in the Heart of Orchard Road 57,241 sq. ft. of elevated land Mt Elizabetn^sf^//s Hospital MP 2003 Plot Ratio 2.8; up to 20 storeys i Subject Within 5 minutes to Somerset MRT station, >< rv Property /J/ Paragon, Heeren, Centrepoint Shopping184 words
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Advertisement4 2006-05-18 26 ymh, mffiw.p' *M^',£- *Jc ..$>.?♦4 words
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Advertisement144 2006-05-18 27 For Lease Office: 645 to ***** sqft Shop: 194 to 2433 sqft Restaurant: 8000 sqft (fitted) Outside CBD/ Free Shuttle Bus Service to MRT Station Panoramic city/ sea view Broadband enabled/ SCV Service available Ample carparking space Hong Fok Group Tel: 6390 2425/6292 8181 I I tin Debenham J 100144 words
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Advertisement333 2006-05-18 27 LUXURY RESIDENTIAL DEVELOPMENT SITE FOR SALE BY TENDER r 771 Quiet environment, elevated grounds ti Site area approximately 46 661 sq ft e\ Plot Ratio 2.8 Height control up to 36 \\MU 4/ storeys Unobstructed views 7 ha r n R n ORCHARD RD Contact: CB Richard Ellis (Pte) Ltd333 words
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Advertisement26 2006-05-18 28 A JB^t B| V Bf Wwi-/ fy p>- H«w -tout*-, W«y inww jk». Newspaper Subscription 6388 3838 Online www.straitstimes.com.sg Mobile News on all WAP-enabled mobile phones26 words
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BizIT
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Article, Illustration731 2006-05-18 29 WINSTON CHAI - Vietnam, India, Thailand set to spearhead expansion as growth in Singapore slows down, writes WINSTON CHAI WINSTON CHAI WITH growth slowing in tech-sawy Singapore, Canon is now banking on a trio of its South Asian neighbours to further the company's growth ambitions in the731 words
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498 2006-05-18 29 NYT [SAN FRANCISCO] The new chief executive of Sun Microsystems said on Tuesday that the company was working towards making its Java programming language available free as open-source software, providing further evidence that Sun's new management sees it as more of a services companyNYT - 498 words
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Article, Illustration1011 2006-05-18 30 AMIT ROY CHOUDHURY - New technology makes it possible to shorten ROI period By AMIT ROY CHOUDHURY VERY soon, the call experience when a help line is dialled will change dramatically for the better. This is because contact centres in Singapore and across the region areARTHUR LEE - 1,011 words
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314 2006-05-18 30 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY WHILE the public buzz about technology for contact centres is around VoIP (voice over Internet Protocol), Aspect Software's chief technology officer thinks its "pretty much the plumbing level" as far as contact centres go. According to Gary Barnett, VoIP314 words
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Article, Illustration315 2006-05-18 30 Reuters [HONG KONG] Samsung Electronics Co Ltd, the world's top maker of memory chips, expects stronger demand for computer memory chips in the second half of this year and sees NAND flash memory chip prices strengthening. Samsung, the No 2 maker of largeReuters; BLOOMBERG - 315 words
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398 2006-05-18 30 Bloomberg [SAN FRANCISCO] Microsoft Corp, trying to establish a beachhead in a market where Google Inc hasn't made big inroads, will test later this year a search program that lets businesses scan computers, corporate networks and the Internet. Windows Live Search willBloomberg - 398 words
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297 2006-05-18 30 It has the ability to count data in 64-bit chunks Bloomberg [SAN FRANCISCO] Advanced Micro Devices Inc (AMD), Intel Corp's largest competitor in personalcomputer processors, released a new version of its Turion chip for laptops, keeping pace with its larger rival's product introductions. TheBloomberg - 297 words
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Article, Illustration451 2006-05-18 31 AMIT ROY CHOUDHURY - It interviewed 300 traders worldwide while developing IQ/MAX By AMIT ROY CHOUDHURY TRADERS in the financial services industry will now be able to use IPC Information Systems' second generation trading desktops, recently launched in Singapore. The new Internet Protocol (IP) based desktop, called IQ/MAX,451 words
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186 2006-05-18 31 Reuters [WASHINGTON] Three Silicon Valley venture capital firms are backing a project to grab a slice of valuable US wireless airwaves to offer nationwide high-speed Internet service, according to a recent regulatory filing. Kleiner Perkins Caufield Byers, Charles River Ventures and Redpoint Ventures,Reuters - 186 words
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507 2006-05-18 31 AFP [SUNNYVALE, California] Internet search titan Yahoo unveiled new "front doors" to the world on Tuesday with the online debut of its revamped web portal, customised for the cultures of each of its markets based on the search patterns of its 188 millionAFP - 507 words
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238 2006-05-18 31 AP [SAN FRANCISCO] Computer software makers launched a crackdown on illegal Internet sales of their products by Suing suspected pirates who have set up shop on the popular online auction site eßay Inc. Usually fierce rivals Symantec Corp and McAfee Inc teamed up toAP - 238 words
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Advertisement118 2006-05-18 29 ROUNDTABLE Challenges in the financial services industry. PG 32 STABILITY If there's one in business today, it's pI H large or change doesn't have to impede delivery. Think of change as an opportunity for IT to satisfy fluctuating demand while maintaining a stable, productive work environment, integrated CA software solutions118 words
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Advertisement922 2006-05-18 30 HypoVereinsbank >/__ w <s»UniCredrt Group Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: 6413 3688 Balance Sheet at December 31, 2005 Income Statement and Appropriation of 2005 2004 Net ,ncome for the y«or ended922 words
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Advertisement59 2006-05-18 31 Oracle Fusion Middleware Hot-Pluggable u I I So Standard, It's Hot-Pluggable With Your Existing Software J2EE —Enterprise Portal —Identity Management— Integration Data Hub Business Intelligence oracle.com/middleware or call I.BOO.ORACLEI Copyright 6 2005, Orecle. All rights reserved Orecle. JO Edwards end PeopleSofl art registered tredemerts of Oracle Corporation and/or its affiliates.59 words
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BT-SINGTEL ROUNDTABLE
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Article, Illustration2650 2006-05-18 32 ROLAND LIM - Experts discuss the role of technology in this people-centric industry. ROLAND LIM reports ROLAND LIM WITH the vast amount of data that they have to manage, organisations in the financial services industry (FSI) often have a heavy reliance on technology. While technology has been proven2,650 words
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Advertisement7 2006-05-18 32 K Sing Tel asia's leading communications company7 words
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