The Business Times, 22 May 2006
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2006-05-22
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The Business Times
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Title Section15 2006-05-22 1 THE BUSINESS TIMES Monday, May 22,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/200615 words
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600 2006-05-22 1 US$20b merger could be the start of a global consolidation [LONDON] A US$2O billion merger between the New York Stock Exchange (NYSE) and France's Euronext, which owns the Lon-don-based Liffe derivatives platform, is expected to be unveiled this week, according to a report in600 words
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Article134 2006-05-22 1 MARKETS We«k Chge STI .2493.98 -126.60 KLSE COMP 944.40 -21.65 NIKKEI 225 *****.45 -446.33 HANG SENG *****.36 -588.49 SET INDEX 746.33 -36.17 JAKARTA COMP ...1392.99 -132.79 MANILA COMP 2356.02 -162.18 TAIPEI TAIEX 7074.15 -204.81 SEOUL COMP 1372.29 -72.91 SHENZHEN B 314.94 +2.61 AUSTALLORD 5061.20 -224.30 DOW JONES *****.06134 words
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Article, Illustration799 2006-05-22 1 CHEN HUIFEN - Demand for research, clinical specialists brings business to S'pore recruitment firms By CHEN HUIFEN [SINGAPORE] The burgeoning life sciences industry in Asia is heating up the hunt for research and clinical professionals, spelling good news for recruitment firms with specialised practices in the799 words
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Page 1 Advertisements
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Advertisement23 2006-05-22 1 CREDIT CARDS Banks to raise penalty fees PG4 quality of on what can be done to improve it pgs 12& 13 8 ill23 words
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Advertisement32 2006-05-22 1 DINING OUT Chef Anderson Ho European re 14 BizlT McData looks to Asia to fuel growth PG 30 Pro Curve bets on more intelligence PG3I Commentary: Celebrate innovation; celebrate failure too PG3I32 words
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Advertisement53 2006-05-22 1 INVESTORS' FORUM ROLEX •y$a. r"/ wi 1 >• V J *Nr RjT 4 T» a SUBMARINLR DATF A wV A IV( M M <c>. Cortina watch J N( n ill I'.i i<l;y Ko.ttl. f/0 I ><>. k\ ill Irs ily SI i< »j >| m i;.', (ViiIk\ Sii i;\i|»<>ir I53 words
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TOP STORIES
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Article, Illustration688 2006-05-22 2 NANDE KHIN - Republic scores best in survey of factors like red tape, finance cost By NANDE KHIN [SINGAPORE] Singapore is the easiest place in the world to do business, according to a survey by accounting firm Grant Thornton. Latest findings from its International Business Owners Survey688 words
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Article660 2006-05-22 2 OCBC, UOB to raise credit card late payment fees IT'S something that credit card users are expected to shrug off. But some banks here are raising the penalty fees they charge customers who are late making the minimum payment on their credit card bills. OCBC Bank, for example,660 words
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442 2006-05-22 4 LESLIE YEE - Other banks stay put on charges; OCBC also to raise fee for cash advances By LESLIE YEE [SINGAPORE] Two of the big three banks here are raising the penalty fees they charge customers who are late making the minimum payment on442 words
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Article, Illustration997 2006-05-22 4 ANDREW MARKS - WALL STREET INSIGHT By ANDREW MARKS in New York IT's been a rough-and-tum-ble week on Wall Street, but one that ended in a glimmer of hope. Traders saw a modest reversal on Friday, raising hopes that the day's gains signalled an easingBLOOMBERG - 997 words
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Page 2 Advertisements
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Advertisement430 2006-05-22 2 Bank Risk Management Dates Banks routinely pursue risk for the measured chance of increased reward. A 22 &23 June 2006 bank is confronted with various kinds of financial and non financial risks. 9.00 am to 5.00pm These risks are highly interdependent and events that affect one area of risk can430 words
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Advertisement192 2006-05-22 2 iXhV '*7 USInviting tenders? Call 1800 289 8822 or email notiees@sph.com.sg to book your tender notice in our newspapers now. [•■AT-3 t NOTICES a Digital: The Journey Forward I Bmdcastl\sia2ooß I The 11th International Dtgttal Multimedia Entertainment Technotoqy Exhibition Contwno I Conference Exhibition Venue 19-22 June 2006 20-22 June 2006,10.30192 words
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Advertisement125 2006-05-22 2 people Your search ends here. ww-/.' thepeopleatwork com Asia-Pacifir fcxecutive Search IN THE MATTER OF THE COMPANIES ACT, CAP. 50 TONG YONG LABELS INDUSTRIES PTE. LTD. (In Members' Voluntary Liquidation) Company Reg. No. *****2722 M NOTICE IS HEREBY GIVEN THAT pursuant to Section 308 of the Companies Act, Cap. 50125 words
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Page 3 Advertisements
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Advertisement250 2006-05-22 3 JB&' »HSPm ®3I 1 uKc' >mmL' Ifti fl B WUM* v;/.',.?,v« < r > •-i'.t.-- •Vv.,-i; j. i]pLJP^BMl^^l^HPl^?^v?i: *^V'*v-^^^;v;v'r .^'"< v •'i •**v v; i v > v*? 4 T"hci i [^Qy /sli Hra > J4fl B Sk ;^i|i^^HK, VIKV V &S* -*'.r inJKjfcnm.* 1* iy*3l^MdW THAI BEVERAGE PUBLIC COMPANY250 words
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Page 4 Advertisements
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Advertisement453 2006-05-22 4 EXPRESS AMERICAN EXPRESS BANK International Headquarters: American Express Tower, World Financial Center, New York NY *****-2300. Singapore Branch: 16 Collyer Quay, Singapore *****8 Telephone: *****833 Telex: R*****2 Cable Address: AMEXBANK SINGAPORE REPORT OF INDEPENDENT AUDITORS To the Board of Directors and Shareholder of American Express Bank Ltd: In our opinion,453 words
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Advertisement407 2006-05-22 4 CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31,2005 CONSOLIDATED BALANCE SHEET December 31, (Millions) 2005 2004 Assets Cash and noninterest-earning deposits with banks 644 446 Interest-earning deposits with banks 772 537 Federal funds sold and securities purchased 876 462 under resale agreements Trading assets 5*4 794 Available-for-sale securities WW 3,036 Loans,407 words
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Advertisement95 2006-05-22 4 PRIME GOOD CLASS BUNGALOW AT 25 GALLOP ROAD, SINGAPORE FOREIGN PERSON OR FOREIGN COMPANY OR DIPLOMATIC MISSIONS WELCOMED (SUBJECT TO APPROVAL TO PURCHASE FOR OWN OCCUPATION UNDER RPA) Tenure Freehold Land Area 1,475.7 sm (15,884 sf) approx Legal Description Lot 1093 C Mukim 2 Description Unusual Trench Provence' style Bungalow95 words
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Advertisement23 2006-05-22 4 Parting company? f Make it known. Call 1800 289 8822 or email notiees@sph.eom.sg to book your corporate notice in our newspapers now. NOTICES23 words
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Page 5 Advertisements
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Advertisement799 2006-05-22 5 S2PST PACIFIC SHIPPING TRUST rvn UK J vau x T&btLi PACIFIC SHIPPING TRUST The Business You Can Trust 9n-i r. 11 FORECAST AND PROJECTED 0/ l ax-tree yield distribution yield /O for all investors 9.00* GET YOUR COPY OF THE PROSPECTUS FROM ANY BRANCH OF DBS BANK (INCLUDING POSB). First799 words
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COMPANY NEWS
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300 2006-05-22 6 It sees double-digit growth on strong consumer demand Reuters BEAUTY China Holdings, which sells cosmetics and skin care products in China, said that it is likely to post double-digit growth in sales this year as increasingly image-conscious Chinese consumers drive demand for its products. "ForReuters - 300 words
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Article877 2006-05-22 6 TEH HOOI LING - HOCK LOCK SIEW By TEH HOOI LING TALK about Chinese stateowned enterprises listed on the Singapore Exchange, and the names most would come up with are Cosco Corp and China Aviation Oil. Not appearing much on the radar screen of investors here is China Merchants877 words
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Article, Illustration463 2006-05-22 6 JEREMY HUREWITZ - By JEREMY HUREWITZ in Shanghai SEMBCORP Industries' foray into the growing waste business in China will not be affected by a recent hiccup in the country's plan to become friendlier to the environment, according to a senior executive of the group. "We areFILE PHOTO - 463 words
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252 2006-05-22 6 MAPLETREE Logistics Trust Management (MLTM), manager of Mapletree Logistics Trust (MapletreeLog), yesterday said it signed a put and call option agreement to buy a warehouse in Paya Lebar Industrial Park for $38 million. The deal, done through MapletreeLog's trustee HSBC Institutional Trust Services (Singapore), is252 words
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Article, Illustration521 2006-05-22 8 Vessel builder gets robust orders, expects revenue to surge this year Reuters SINGAPORE'S Pan-United Marine, which builds cargo ships and vessels to support offshore oil exploration, said a sharp rise in new orders would deliver higher 2006 revenue growth than last year. With aReuters; FILE PHOTO - 521 words
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Page 6 Advertisements
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Advertisement779 2006-05-22 6 Credit Agricole (Suisse) SA f Geneva Head Office: Quai G6n6ral-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31 2005 2004 1000 1000 CHF CHF 1. Assets Liquid assets 18,629 Money market instruments 1,369,709 107,182 Due from banks779 words
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Page 7 Advertisements
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Advertisement203 2006-05-22 7 mwf^^ BBPPW^^^' Welcome to landmark hospitality destinations from around the world. At the largest hospitality and leisure development in the world. Located In Is set to be one of the premier tourist destinations of the world, Span a House 31 themed hotels, each with Its own theatre Offer more than203 words
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Page 8 Advertisements
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Advertisement3003 2006-05-22 8 >AT^ NOTICES Toll free 1800-289-8822 Email: notices(«'sph.com.sgJ B* Lloyds TSB Bank pic |ot 31 December 2005 for tfcs year ended 31 December 2006 m million million g million ■illiow i Asset* Interest and similar income 10,652 I 3 Cash and balances at central banks 1,156 1.078 Interest and similar expense3,003 words
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Page 9 Advertisements
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Advertisement55 2006-05-22 9 Hflj|HF Canon Delighting You Always I I Crossword 3. I I 2. Who lets you know what your staff are up to? I 3. Who gives you better cost control? I 1. Who helps you keep private documents private? I 4. Who makes your work easy? Find out more at55 words
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SINGAPORE MARKETS
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Article1813 2006-05-22 10 Payment Ex looks Pay date dsM—datfc. AAGrp 0.66 05-May 10-May 22-M^f ABR Hldgs F 0.75 OfrMay 23-May ABR Hldgs S 0.75 03-May 08 May 23 May AEICorp v 040 09-May 15-May 26-May AEICorp 0.60 09-May 15-May 26-May AEM-Evertech y 0.50 05-May 10-Man 23-May Allgreen b 6.00 04-May 09-May1,813 words
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Article, Illustration651 2006-05-22 10 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent Sj HORT-TERM negative, longer-term positive". This seems to be the underlying message from k most analysts, judging 1 by comments made in f the local press over the past week. There's plenty of merit in this view, even though it651 words
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223 2006-05-22 10 CURRENCIES AFP [HONG KONG] Asian currencies fell against the dollar last week, with speculation that the US Federal Reserve would raise interest rates to rein in inflation feeding strong demand for the greenback. Japanese yen: The yen lost ground last week as dollar-buyingAFP - 223 words
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Article, Illustration1714 2006-05-22 10 Consensus No.of Forecast Mean Fri's Naof recommendation esti- EPS PE target price ,J£L ,_!L, (SI Company name This wfc Last mth mates (cents) (ratio) price Company name TMswk L*tmth mat* (cents) (ratio) price TO Advanced Holdings 1.00 1.00 3 5.98 12.54 1 06 0.74 1 -> fi Allqreen1,714 words
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Article, Illustration1304 2006-05-22 11 TEH HOOI LING - TEH HOOI LING Senior Correspondent NOT many stocks were spared in the sharp correction in stocks around the world, a selldown sparked by fears of inflation and continued rise in interest rates in the US. The UOB Sesdaq Index slumped some 7 per cent1,304 words
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Article, Illustration1229 2006-05-22 11 ROBERT HALILI - INSIDE MARKETS Purchases seen in Hi-P International; sales in FHTK Holdings, Celestial NutriFoods and Ellipsiz, reports ROBERT HALILI ROBERT HALILI INSIDER buying remained strong last week with 33 shareholders of 31 firms recording 59 acquisitions worth $11.7 million, based on filings1,229 words
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VIEWS FROM THE TOP
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Article, Illustration2943 2006-05-22 12 THIS WEEK'S TOPIC How would you rate the quality of service in Singapore? What can be done to improve it? MANY tourists love shopping and the Great Singapore Sale is indeed one of the attractions for tourists to visit Singapore. Most retailers' services are generally good2,943 words
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Page 12 Advertisements
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Advertisement70 2006-05-22 12 BT CEOs e-Club Members of the BT CEOs e-C!ub are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'club' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives70 words
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Page 13 Advertisements
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Advertisement76 2006-05-22 13 your money. a deep to as as your needs as as your those means the Bill |H m means a conversation at never en ds. A conversation we refer to as "You Us". www.ubs.com/asia 4® ÜBS ÜBS is a premier global financial services firm offering wealth management, asset management and76 words
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DINING OUT
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Article, Illustration1334 2006-05-22 14 GEOFFREY EU - GEOFFREY EU samples the cuisine of chef Anderson Ho who has struck out on his own with the opening of Le Papillon, and previews the Chettinad food promotion at Raffles Hotel GEOFFREY EU Le Papillon 28 Maxwell Road, #01-02 Red Dot Traffic Building. Tel: 6327-4177. www.le-papillon.com.sg AS a1,334 words
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Page 14 Advertisements
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Advertisement227 2006-05-22 14 m hs, I CMS fej IttokaW^ I to stepjiDflMb. I its inr lents iiflH Irtel I plantation Itoiia I I 1 1 Diners Club Card To apply, call 6416 09S0 B|H| A World of Exclusive Privileges Treats Diners Club iMKKKtm VHHHF wwuxJmers.com.sg International V Surpassing the C rvvvv S VeT227 words
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SINGAPORE NEWS
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470 2006-05-22 15 LESLIE YEE - It's working to boost its real estate investment team for Asia ex-Japan By LESLIE YEE AGAINST the backdrop of Singapore's burgeoning real estate investment trust (Reit) market, ÜBS expects its real estate investment banking activities here to yield 15-20 per cent more this year.470 words
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452 2006-05-22 15 UMA SHANKARI - By UMA SHANKARI GERMAN trading company C.Melchers has been in Singapore for more than 50 years (and in Asia for 160), and it is still going strong mainly because of its ability to move with change. While Melchers first started out in Singapore452 words
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Article, Illustration156 2006-05-22 15 THE New Paper Big Walk 2006 yesterday drew almost 55,000 participants. Guest of honour Dr Yaacob Ibrahim, Minister for the Environment and Water Resources, flagged off the participants at the National Stadium. This is the last time the Big Walk is startingKUA CHEE SIONG/THE NEW PAPER - 156 words
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Page 15 Advertisements
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Advertisement79 2006-05-22 15 EVENTS LISTING DATE/ TIME EVENT VENUE 22-24 May Pharmaceutical Law and Shangri-La Hotel 2.00pm Practice Seminar 24 May Talk on Family Wealth and Stuttgart Room, Level 12.30pm Distribution 5, German Centre, 25 International Business Park 24 -25 May Seminar on Power Talking Grand Hyatt Singapore 9.30 am 25-26 May Database79 words
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Advertisement303 2006-05-22 15 lMk yW'..,_ anniversary T A o mark our 60th anniversary, we're giving away retro hand luggage. Just purchase a Business Class ticket to anywhere and one of these classic Airline of the Year 2006 bags is yours.* These limited-edition bags are a way to share our pleasure at being named303 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration712 2006-05-22 16 MATTHEW PHAN - MBA What is its worth? The degree may not guarantee career progression or bigger pay, headhunted and HR experts tell MATTHEW PHAN. What's important is track record and experience, they say MATTHEW PHAN ALAS for those who have sacrificed two years of their life, and maybe even have gotten into712 words
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Article, Illustration810 2006-05-22 16 BRYNA SIM - CAMPUS LIFE SMU trio bags L'Oreal award despite almost losing presentation material in taxi, reports BRYNA SIM BRYNA SIM A DIFFERENT taxi, a different ride, and these three young women might not be smiling out of the photo at you. The three almost ruined their chancesYEN MENG JIIN - 810 words
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Page 16 Advertisements
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Advertisement253 2006-05-22 16 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank T ertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we253 words
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11th WORLD HR CONGRESS
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Article645 2006-05-22 17 SIM PING KHUAN - WDA deputy chief exec tells SIM PING KHUAN how his agency prepares S'porean workers to stay competitive in their respective fields SIM PING KHUAN THE workplace is constantly changing. In this fast-paced world, old jobs are phased out and new jobs are created. Even existing645 words
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Article, Illustration747 2006-05-22 17 SIM PING KHUAN, GRACE CHONG - A CoP culture helps staff share ideas and perspectives across departments By SIM PING KHUAN, GRACE CHONG STAFF workers are sometimes unfamiliar with the workings of the entire organisation as a whole and end up with a myopic view of what their company747 words
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Page 17 Advertisements
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Advertisement143 2006-05-22 17 As the only national professional body for HR practitioners, SHRI awakens the richest potentials in people. SHRI offers a wide range of courses for students and working professionals in HR and business v fields. You will be trained by qualified and experienced professionals to be equipped with relevant LJ I143 words
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ECONOMY WATCH
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Article, Illustration577 2006-05-22 18 While inflation readings appear high, rate is already set to slow Reuters [WASHINGTON] The Federal Reserve needs to take into account the lags with which interest rate changes affect the economy, Kansas City Fed Bank President Thomas Hoenig said on Friday, notingReuters; BLOOMBERG - 577 words
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197 2006-05-22 18 Bloomberg [SEOUL] South Korea posted a budget surplus of 7 trillion won (S$ 11.48 billion) in the first quarter, as faster economic growth helped the government to collect more taxes. The consolidated government balance, the difference between spending and revenue inBloomberg - 197 words
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280 2006-05-22 18 Bloomberg [BEIJING] China's central bank said it will control the pace of lending growth and increase flexibility in the yuan this year, the official China Securities Journal said in its weekend edition, citing the bank's 2005 annual report. The People's Bank ofBloomberg - 280 words
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Article, Illustration398 2006-05-22 18 Bloomberg [MUMBAI] India's deficient infrastructure, including roads, power plants and ports, cuts economic growth by as much as two percentage points each year, Finance Minister Palaniappan Chidambaram said. "There is a clear infrastructure gap in the country and it must be narrowed," Mr ChidambaramBloomberg; FILE PHOTO - 398 words
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442 2006-05-22 18 Group's annual gathering will also see change at top AFP [PARIS] Ministers from 30 countries and key economic policy-makers will meet in Paris this week for the annual conference of the Organisation for Economic Cooperation and Development (OECD), with theAFP - 442 words
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Page 18 Advertisements
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Advertisement2100 2006-05-22 18 STARTECH ELECTRONICS LTD (Incorporated in the Republic ot Singapore on 12 October 1999) (Company Registration Number: *****6220H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Startech Electronics Ltd (the "Company") will be held at SAA City Campus, 1 Raffles Place. 27th Floor, OUB2,100 words
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MALAYSIA/INDONESIA
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Article, Illustration558 2006-05-22 19 S JAYASANKARAN - MALAYSIA INSIGHT To deter speculators, regulators must follow up with enforcement action S JAYASANKARAN KL Correspondent LAST week, the benchmark Composite Index of the Kuala Lumpur stock exchange plunged 2.5 per cent to 944.4 points. The nascent bull that was steadily gathering momentum all558 words
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206 2006-05-22 19 [KUALA LUMPUR] Malaysia's markets watchdog has voiced concern about market rumours that some of its staff have demanded kickbacks for approving corporate deals and has asked for evidence, the Business times reported on Saturday. "I'm very concerned about it, of course," the dai- ly206 words
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233 2006-05-22 19 AFP [JAKARTA] Ailing former Indonesian leader Suharto is improving but remains in a critical situation requiring further treatment, doctors said yesterday. Adji Suprajitno, one of the doctors treating Mr Suharto, said tests conducted yesterday showed that Mr Suharto's kidney and digestion functionAFP - 233 words
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310 2006-05-22 19 PM seeks reasons for opposition's stronger showing AP [KUALA LUMPUR] Malaysia's ruling coalition has returned to power in Sarawak's legislative elections despite the opposition's strongest showing in years, Bernama reported yesterday. The National Front won 62 of the legislature's 71 seats in Saturday'sAP - 310 words
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Page 19 Advertisements
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Advertisement66 2006-05-22 19 *V «fiF/ JSs4\lM 1 r/»■ m Mw m M m mv M\ *m M ■\S m vV V w mW W Wm m A H m M £H B wW^'W^M MV f'9jß y MJ§ /§l||ln ulf <11 M M M M KB MM m MJ AN E-MARKETPLACE BROUGHT TO YOU66 words
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GREATER CHINA/INDIA
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423 2006-05-22 20 [HONGKONG] The keenly anticipated Bank of China initial public share offering hogged the limelight for a second day on Friday as five brokerages reported margin orders worth HK527.5 billion (555.5 billion), reports the South China Morning Post. While the brokerage quotas have423 words
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Article, Illustration478 2006-05-22 20 Minister clarifies govt's position after foreign funds dump stocks Bloomberg [MUMßAl] India's Finance Minister Palaniappan Chidambaram said the government had no plan to reintroduce a tax on shareprice gains, attempting to bolster investor confidence after the stock market fell byBloomberg - 478 words
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601 2006-05-22 20 SIDDHARTH SRIVASTAVA - According to a survey by ACNielsen, an urban adult Indian is among the top 10 in the world in frequency of fast food consumption By SIDDHARTH SRIVASTAVA in New Delhi YUM Restaurants International, owner of PiZza Hut and KFC, and601 words
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Page 20 Advertisements
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Advertisement1036 2006-05-22 20 :»at3 €0 NOTICES MnrHoo® Nordea Bank Finland Pic I Statement of accounts for the year ended 31 st December 2005 Balance Sheet Income Statement Group Group EURm Note 31 Dec 2005 31 Dec 2004 EURm Note 2005 2004 Assets Operating income Cash and balances with central banks 1 756 11,036 words
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Advertisement718 2006-05-22 20 cur CWT DISTRIBUTION LIMITED (Incorporated in fteßepubKc of Singapore) (Company Ragiatration No. *****0496 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HERE&Y GIVEN that an Extraordinary General Meeting of CWT Distribution Limited (the "Company") will be held at No. 24 Jurong Port Road, #03-00 Office Block, CWT Distripark (HQ), Singapore718 words
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ASIA-PACIFIC/WORLD
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501 2006-05-22 21 Banks fail to keep up with paperwork as they chase credit derivatives market Bloomberg [NEW YORK] The global derivatives market expanded to a record US$29B trillion in the second half of 2005, led by a 34 per cent increase in contracts to insureBloomberg - 501 words
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358 2006-05-22 21 AFP [BANGKOK] Plagued by political turmoil, Thailand is becoming less competitive internationally, analysts say, warning that the kingdom is being overtaken by regional rivals in the eyes of foreign investors. In the latest report of the Institute for Management Development (IMD), a Swit-zerland-based non-profit managementAFP - 358 words
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343 2006-05-22 21 Reuters [NEW YORK] Citigroup Inc, the world's largest bank by market value, on Friday rejected charges by Australia's securities regulator that it conducted insider trading and failed to manage conflicts of interest. In a filing with the Federal Court of Australia inReuters - 343 words
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Article3084 2006-05-22 21 Transaction date: May 19 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONGKONG vol Dream lntl mi 0.03 510 HKS '000 Dynamic Global 0.04 unch 0 Easyknit .0.13 unch 233S Aeon Credit 6.50 unch 0 EcoTek3,084 words
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Article, Illustration575 2006-05-22 21 Bloomberg [SEATTLE] Microsoft Corp is raising spending on employees' stock awards about 15 per cent and adding perks to help prevent an exodus of workers to rivals such as Google Inc. The company's 63,500 workers will get on-site laundry and dry cleaning,Bloomberg; REUTERS - 575 words
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Page 21 Advertisements
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Advertisement7 2006-05-22 21 ggpySWilCHE HOW? HTTF>-//W£BVI&ON$- COM/&WITCHNOW <p L A7 words
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AVIATION
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Article485 2006-05-22 22 VEN SREENIVASAN - Budget carrier will take delivery of Boeing wide-body aircraft soon By VEN SREENIVASAN VIVA Macau, the first discount airline in the former Portuguese colony, has confirmed its intention of becoming Asia's first longhaul budget carrier with the impending arrival of its two wide-body Boeing485 words
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333 2006-05-22 22 Bloomberg [LONDON] Etihad Airways, a 2-year-old carrier owned by the government of Abu Dhabi in the United Arab Emirates, has named Geert W Boven acting chief executive officer, temporarily filling the slot left by Robert Strodel last week. "Robert Strodel was replaced last weekBloomberg - 333 words
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Article, Illustration934 2006-05-22 22 Air Deccan India's success story Bloomberg [BANGALORE] G R Gopinath flies passengers to New Delhi from Bangalore for 3,278 rupees (US$ll4), cheaper than Asia's oldest railway or India's largest carriers. His success inspired five airlines to set up in the country in two years. The former army captain and silkwormBloomberg; BLOOMBERG - 934 words
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Article2208 2006-05-22 22 CITY W6OT ITA MB WD (C859 0805 AM81 1625 At«0 1520 SQ408 1855 AfcwDfcabl SQ455 1135 SQ141 1145 5Q142 0935 AdaMd* LH9771 1750 LH9770 2345 ***** 153S SQ146 1640 SQ2?0 1750 SQ?2? »45 GgMO 1640 GA841 755 Amftarimi L***** 0630 AZ3993 2255 *Q" 7 iill 5Q1482,208 words
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Page 22 Miscellaneous
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Miscellaneous209 2006-05-22 22 CRYPTIC CROSSWORD 27 Theatre transformed in working day and prepared for any- one keeping watch (10) 23 Actual person who had a light thing? (2,3,5) 8 Hector and mate fixed device named after him (4) DOWN g'v |ng engine speed (10) YESTERDAY'S SOLUTION 1 Made a journey not rail, we209 words
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SHIPPING
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Article, Illustration867 2006-05-22 23 It is unhappy with the partnership, alleging links to terror groups AP [MlAMl] The national furor has subsided over the control of major US port operations by a Dubai-owned company, but an unhappy partner at the Port of Miami is pressing aheadAP; AFP - 867 words
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415 2006-05-22 23 AFP [KUALA LUMPUR] Malaysia has ordered an investigation into an incident in which coral reefs off the dive haven of Sipadan island were seriously damaged by a barge, leaving divers and environmentalists reeling. Chief Minister Musa Aman of Sabah state orderedAFP - 415 words
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Article139 2006-05-22 23 AFP [BEIJING] Chinese rescue ships have saved 330 Vietnamese fishermen who were aboard 22 boats caught in storms brought by powerful Typhoon Chanchu, state television reported yesterday. The search, which the TV report called "the largest international rescue operation at sea ever conducted by China",AFP - 139 words
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PORT SHORTS
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108 2006-05-22 23 AP [HONOLULU] An oil tanker spilled up to 2,000 gallons of crude oil into the Pacific Ocean on Saturday morning, an official said. The Coast Guard and the state Health Department categorised the spill as a minimal one, said Nathan Hokama, spokesman for TesoroAP - 108 words
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112 2006-05-22 23 Bernama [PASIR GUDANG] Johor Port Bhd will expand the capacity at Johor Port to handle an increasing volume of container traffic. Transport Minister Datuk Seri Chan Kong Choy said Johor Port, which is able to handle up to one million TEUs (twenty-foot equivalentBernama - 112 words
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623 2006-05-22 23 DAVID HUGHES - STRAIT TALK By DAVID HUGHES CONTAINER port throughput in East Asia expanded threefold between 1995-2005, and by 78 per cent over 2000-05 to 189.4 million TEU (twenty foot equivalent units) according to a new study which also predicts that demand will increase623 words
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Page 23 Advertisements
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Advertisement179 2006-05-22 23 Good morning S'nnre %0 whats in store mm mm /mk mv< HIS& FlinG HFB MIR sonyEricsson^. Connect with Bond with the Beautiful the girl thing... people in your life... people B| sexless In ttie city hlts&mrs in a Snap! wW Young, single and available... She's hitched trying Be seen heard179 words
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Article12724 2006-05-22 24 STRAITS TIMES INDEX STOCKS Slock nam* m Clove cfcaaj* Stock nam* Wt Oom OMfi SMmh W Ow OMp 0.30 1.360 0 020 HyllmSc 0 39 2.500 .0 040 ST In?} 'Ot 182 2950 .0.030 Astendasrett 1.08 2170 .0050 JMMUS25c400 3.11 ***** .0 300 STATSO#25c 0.94 MJO +nmn BIL12,724 words
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Article6055 2006-05-22 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local tun In S$ m USS dy yr dy y» dy %yr 19 lnde« Change Change Change Change Change Ounqe *aMlrefe«Pte*m«>aiy 9826 0.1 1.3 -01 -01 -06 4 7 t SAi! Ptvlmnm WBJ 01 10 -04 4.1 -09 9.2 1317.1 01 196,055 words
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Advertisement1199 2006-05-22 26 UK CONTINENT SERVICE U.».A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia ____J Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE REJS.E.A. SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA Destination PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES1,199 words
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Advertisement104 2006-05-22 26 As Agents: StorsMp Agendas (MAL) Pt* ltd CI NO. **********0H I No. 1 Shenton Woy, #11-07/08, S< *****3) ma ma mmm n Hi m n n is B»UW mm w mombw ta* ii* MMM mm «w m mm urn w* im u« iw mi u/v umanoff m mum urn it«104 words
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Advertisement636 2006-05-22 26 \> DONGNAMA LINE SEW VICE I VBSa (EVERY SUN) VOY fsGP HKG KOTAHARTA HTA4S4 28/05 01/0* KOTA HAMAM HU23S 04/04 01/06 KOTA HARMUNI HN1299 11/06 IS/06 VESSa (EVERY SUN) VOY [~SGP HK RT W UK *01 FORTUNE 16)61 28/05 01/06 05/06 06/06 01/06 MOIGUNY ***** 04/06 01/06 12/06 11/06 15/06636 words
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Advertisement727 2006-05-22 26 interaha roup »wvm VBSa/VOT UW(m WCHHW HH» KM 13 SM JKT STRAITS VENTURE 08/06 IS 3.2 11/05 15/05 IS/05 21/05 23/05 STRAJTS VENTURE 09/06 15 3.2 25/05 21/05 01/ M 04/06 06/06 STKAITS VEOTUKE 10/Qt 15 3J 01/06 11/06 15/06 11/06 20/06 1 AUSTRALIAN RORO SERVICE I VBsa/yor uunnp hbghtwd727 words
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Advertisement21 2006-05-22 27 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 09 BERNARD ONG AT 9675 C00221 words
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Advertisement737 2006-05-22 27 m WEEKLY EXPRESS SAILING SCHEDULE vESsa I yot I sm 1 f-hduwlcoiowo I n sheva 1 coummq I UJIV GANDHI OIO3W II MAY OMIT OMIT 25 MAT 28 MAY j I«» mwim ra to axMi nmcoitw ivu cotot«oiAi© undu(goal (VU N SHEVA) CONMCTMG MOTHR VSLS TO BJROfI (FBiXSTOWi KOTTBtOAM,! WUMUtG)737 words
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Advertisement1040 2006-05-22 28 HNordana (Asia) Pte Ltd S2Z' NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES IS IS! Shw<ft htmmUt Cocos Island Christ™, lilpd PorirQfdqq JMiifiuss m I I 2Uta OSJun Ew lEfcfiS Q7 jgp LZJud 24Jm 28Jua 06 Jul tskind Express [E606 08Jyj 18_Juj 261,040 words
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Advertisement1111 2006-05-22 28 life wiSu =s==H==H= lotHti I wig I h>i; _IMSi n Imcmu lijslwjii I niu -I Sr Sh* -An BB Ha-=w==Bff= p| —m3S=-»- m ffS I mb., IHe 111 »>* I y» 11 jjjg If If|| jjg jl |jj VfSSH. VOY SM PORTUAM OHTTMONG Mf """"V *■**<*") Jdf rumamssai tSM) -^5--jjfe-1,111 words
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THE BUSINESS TIMES SHIPPING TIMES
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7010 2006-05-22 29 This FV Vessel Voyage Telephone ETA ETA Adverser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Desfn Name Name Numbw mSm To ABIDJAN (ABJ) 2003 Cote D'lvoire To GENOA/GENOVA (GOA) 2137 Italy 29/05 05/07 China Shpg BUNGA MAS 12 055W *****898 29/057,010 words
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BizIT
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Article, Illustration700 2006-05-22 30 Company widens portfolio of products after acquisitions and partnerships, writes AMIT ROY CHOUDHURY After a couple of strategic acquisitions and partnerships, storage network solutions provider McData is gearing up for high growth. And it sees the Asia-Pacific region, already the fastest growing geography700 words
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379 2006-05-22 30 WINSTON CHAI - By WINSTON CHAI DRIVEN largely by the need to integrate disparate business processes, small and mid-sized businesses (SMBs) in Asia's manufacturing sector are expected to spend U5523.5 billion on IT this year. According to a new study by research firm AMI Partners,379 words
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Article, Illustration426 2006-05-22 31 ROLAND LIM - Getting more automation into the network is next big step By ROLAND LIM ALTHOUGH computer networks have been around for decades, the integration of intelligent functions is spurring fresh demand for the networking equipment that create these networks, according to Pro Curve Networking, the426 words
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<what's up>
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85 2006-05-22 31 SUN Microsystems has invested $500,000 to set up a new facility in support of Singapore's National Grid, a government-led initiative to promote the adoption of grid computing technologies here. Called the "Grid Discovery Zone", it will give companies a platform to test and commercialise85 words
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Article81 2006-05-22 31 THE National University of Singapore (NUS) Entrepreneurship Centre and its Business School Alumni Association have jointly organised a business forum on May 30. Themed "What drives an entrepreneur?", the event will be staged at LTIB in the NUS Business School. It will feature an address81 words
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64 2006-05-22 31 BUSINESS software maker Epicor has appointed Hector Ho as its new regional director. South Asia. Based in Singapore, he will be responsible for driving software license growth in the region. An industry veteran of 23 years, Mr Ho previously held senior positions in multinational IT64 words
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71 2006-05-22 31 FOLLOWING the success of recent trials, the Singapore Civil Defence Force (SCDF) has inked a deal with Motorola for the purchase of wireless video surveillance systems. Made up of Motorola's Mesh Network enhanced wireless routers, vehicle modems and IP (Internet Protocol) cameras from Sony,71 words
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Article86 2006-05-22 31 WINSTON CHAI - Compiled by WINSTON CHAI SINGAPORE-BASED EC-Asia, a manufacturer of flash memory and DRAM products, has expanded its Australian operations with the addition of a second local office in Sydney. The move comes as a prelude to the debut of EC-Asia's Aceplus memory offerings in the Australian86 words
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Article, Illustration843 2006-05-22 31 RAJU CHELLAM - <you say> Unless Corporate S'pore looks at failure differently, we can never be innovative enough RAJU CHELLAM YOU'VE probably never heard of him, but you may have heard of one of several companies he co-founded, including CAE Systems, Cirrus Logic Inc and NeoMagic Corp. His name is Kamran843 words
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374 2006-05-22 31 NYT [NEW YORK] For all the improvements in computer security, using the Internet is growing only more dangerous both at home and at work. The annual Web@Work survey, conducted by Harris Interactive for the security firm Websense, found that the number of companies reportingNYT - 374 words
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<what's new>
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Article, Illustration118 2006-05-22 31 DOPOD has unveiled the StrTrk S300, claimed to be the world's slimmest and lightest phone running on the Windows Mobile 5.0 operating system. Just 99 grams and 15.8mm in thickness, the new handset still manages to squeeze in a host of features, including a new animated 3D118 words
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87 2006-05-22 31 SECURITY specialist Check Point has introduced the Safe@Office 500 series of unified threat management appliances targeted at small and mid-size companies. The new offerings, which also incorporate a built-in ADSL modem, provide businesses with complete network security and a choice of wired or wireless87 words
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Article, Illustration105 2006-05-22 31 FUJITSU has launched its new Primequest 420 midrange server for Intel Itanium 2-based systems running on Linux or Windows. The new product supports a maximum of eight Itanium 2 processors and is suited for companies with less demanding computing needs but require mainframe-class reliability. Like105 words
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Article91 2006-05-22 31 SAMSUNG has introduced the Q35, its new compact notebook running on Intel's dual-core processor. Weighing only 1.89 kg, the new 12.1 -inch laptop packs a host of enhancements including improved data transfer speeds through its support for Bluetooth 2.0. In addition, it incorporates a new91 words
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64 2006-05-22 31 WINSTON CHAI - Compiled by WINSTON CHAI EPT Solutions, the local distributor of Topcom's communication products, has launched the Butler 4012U58 VoIP phone in Singapore. The new device combines normal DECT cordless phone functionality with the ability to make Internet calls with applications such as Skype and MSN64 words
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731 2006-05-22 31 Bloomberg (NEW YORK] Dell's decision to end its 22-year exclusive use of Intel computer chips marks the biggest victory for Advanced Micro Devices (AMD) in its battle to take market share from the world's largest chipmaker. For AMD,Bloomberg - 731 words
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Advertisement69 2006-05-22 30 Get Results With Oracle Applications "30% increase in plant capacity" (§R) Ingersolllland < u J te. m I >T" "*> >/ "$lO4 million in savings" PHILIPS fg LG.PHILIPS LCD 4 i The Best Companies Run Oracle oracle.com/best or call 1.800.672.2531 Copyright 0 2005, Oracle. All rights reserved. Oracle, JO Edwardi69 words
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Advertisement96 2006-05-22 30 SINGAPORE IN 2015 Finding success beyond S'pore shores PG32 II Turn license Capital cost into a monthly pay as you use when you use I IMS Windows Server S$ 3.04 per user per month I IMS Office S$ 28.00 per user per month I IMS Visjo S$ 17.83 per user96 words
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BizIT FOCUS: SINGAPORE in 2015
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Article, Illustration629 2006-05-22 32 AMIT ROY CHOUDHURY - IDA chief Chan Yeng Kit is confident S'pore infocomm companies have the expertise to do well abroad, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AS Singaporebased infocomm companies start to earn their spurs in overseas markets, the government agency promoting infocomm technology (ICT) here is confidentFILE PHOTO - 629 words
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Article, Illustration728 2006-05-22 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY NCS, which ventured abroad around 1997, has quickly developed a very successful track record with operations in a number of countries around the world. According to NCS's chief of global business, Lum Hon Fye, the company focuses on728 words
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Article267 2006-05-22 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY TWO relatively less well-known Singaporebased infocomm companies which have done well abroad are Crimson Logic and Matrix View. According to Leong Peng Kiong, chief executive of Crimson Logic, the company has deep domain knowledge and expertise in trade and logistics, government,267 words
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Article, Illustration588 2006-05-22 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY SINGAPORE Computer Systems (SCS) plans to turn its Chengdu development centre in China into its software development arm. SCS president and chief executive Tan Tong Hai told BizlT that the close relationship between Singapore and China, as well as588 words
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Article, Illustration683 2006-05-22 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY FRONTLINE Technologies Corp, one of Singapore's top-notch IT services providers, has been steadily expanding its presence in the two fastest-growing markets in the region, India and China. Lim Chin Hu, Frontline's president and chief executive, told BizlT that as683 words
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Advertisement78 2006-05-22 32 "Singapore in 2015 H is a fortnightly series that will provide you insights into Singapore's next 10-year Infocomm masterplan, Intelligent Nation 2015 (iN2015). Hear from Infocomm champions on what the future will be like, what new possibilities there will be, and how Singapore's key economic sectors and our lives will78 words
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