The Business Times, 24 May 2006

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Total Pages: 40
1 40 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Wednesday, May 24,2006
    15 words
  • 683 1  -  But S'pore brokers warn the worst may not be over By R SIVANITHY [SINGAPORE] Regional stock markets stabilised yesterday after Wall Street held its ground overnight and most European markets opened firmer. But Singapore brokers warned against complacency, saying the worst may not be
    Source: Bloomberg  -  683 words
  • 135 1 STI 2,429.55 (+12.86) ST INDEX FUTURES 2,430.00 (+13.00) SIMSCI 290.49 (+2.06) SIMSa FUTURES 290.60 (+2.90) MARKETS Tuesday Change KLSECOMP 926.56 +1.05 NIKKEI 225 15,599.20 -258.67 HANG SENG 15,864.56 -*-59.04 SET INDEX 727.21 +2.77 JAKARTACOMP 1,326.26 +17.21 MANILA COMP 2,264.36 -93.62 SEOUL COMP 1,329.86 -8.73 SHENZHEN B 298.98 -15.97
    135 words
  • 717 1  -  It welcomes the challenge their activism brings By SIOW LI SEN [SINGAPORE] More and more hedge funds are expected to show up among the top 30 shareholders of the Singapore Exchange (SGX) company, as these highly leveraged funds like investing in
    717 words
  • Page 1 Advertisements
    • 10 1 t PROFILE John Thain, the revolutionary CEO at NYSE PGI9
      10 words
    • 63 1 COMMENTARY Hot IPOs and the bear market PG6 HI 8 ***** r*****4 i m' fj\f m mm mp k Jmm »f Mm |mm I M w J #■n l/f flvl J Ar m mtev 1 f/» 1 -*aIL */m VI j Jm A' jw I s I W "mk Banker
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    • 57 1 JOBS CUT Seagate to axe 6,400j0bs at Maxtor PG2 ■s m m 8P»» mm Trade, trade, trade Oil, grains, wood pulp, heavy equipment You name it trade it BT looks at the major players that make Singapore what it is as a global trading hub. PGS 23-29 ':"i .«f CC
      57 words

  • TOP STORIES
    • 820 2  -  It expects growth of major economies to hit 3.1% this year By ANTHONY ROWLEY in Tokyo EVEN as Asian stocks take a beating in face of a global sell-off in equity and commodity markets, a senior OECD official suggested that investors could be
      820 words
    • 570 2 $1 Om fund to boost S'pore fly-cruise business THE Singapore government has set up a $10 million Fly-Cruise Development Fund to tap Asia's growing leisure cruise industry. Cruise passengers in the Asia-Pacific region are projected to grow by more than 40 per cent to 1.5 million by 2010.
      570 words
    • 601 2  -  Remaining 6,400 staff will stay with combined company Bv ROLAND LIM, BRYNA SIM [SINGAPORE] Hard disk giant Seagate Technology wrapped up its US$l.9 billion acquisition of rival Maxtor yesterday with an announcement that it will slash 6,400 jobs there by early next year.
      601 words
    • 518 4 Shareholders also vote down merger proposal in favour of NYSE offer AP Reuters AFP [AMSTERDAM] Euronext, the pan-European stock market operator, yesterday rejected a new merger offer by Deutsche Boerse, a day after saying it favoured a bid by the New York Stock Exchange (NYSE).
      AP; Reuters; AFP  -  518 words
    • 430 4  -  TOURISM DRAWS Aim is to tap Asia's growing leisure cruise industry By MOOR AISHA [SINGAPORE] The government has set up a $10 million Fly-Cruise Development fund (FCDF) to help Singapore tap Asia's growing leisure cruise industry. "Cruise passengers in the Asia-Pacific region are
      430 words
    • 596 4  -  By VEN SREENIVASAN [SINGAPORE] Asia's richest national golf Open Tournament just became richer, thanks to the backing of one of the world's most prominent financial groups. The Barclays group yesterday confirmed that it would be the title sponsor of
      596 words
    • 388 4  -  By NEIL BEHRMANN in London A CONSORTIUM comprising Goldman Sachs, Singapore's GIC Special Investments and Canadian investment house Borealis Infrastructure Management has raised its bid for Associated British Ports (ABP). The offer on the table is £2.44 billion (557.3 billion)
      388 words
  • Page 2 Advertisements
    • 1197 2 J v *->*•"• y i f Credit Suisse Consolidated Balance Sheet at 31 December 2005 Board of Directors 2005 2004 WALTER B. KIELHOLZ, Chairman JEAN LANIER ASSETS CHFm CHF m HANS-ULRICH DOERK3, Vice-Chairman ANTON VAN ROSSUM Cash and due from banks 19,945 17,706 THOMAS W. BECHTLER AZIZ R. D. SYRIANI
      1,197 words
    • 14 2 people No mountain high enough. wwa- tt-.ypeopk'atworkx om A- > i f'.icifu I "-jcutive Seatch
      14 words

  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1205 4 BEAJHEfie /T\ 10 DES VOEUX ROAD, CENTRAL HONG KONG CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 2005 CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2005 2005 2004 2005 .2004 HKS'000 HKS'000 HKS'000 HKS000 ASSETS Cash and balances with banks and other financial institutions 4325,587 3,655,593 Interest
      1,205 words

  • Page 5 Advertisements
    • 276 5 m£h *'is!i&iiii.Xi sw^ SOMETIMES the road to power m mm |g|pf ~"MMiitt 'i ™.f ''Ifff| i w t V v s tsi; t,--j 1 v h«** The Lexus GS3OO. In luxury and performance, the GS 300 cruises way ahead, in a class of its own. Its 228bhp CflflHM|||||H[||HH V 6
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  • COMPANY NEWS
    • 605 6  -  HOCK LOCK SIEW By WONG WEI KONG A SIZZLING hot IPO market is often taken as good news for the stock market. But this may not always be the case. At particular points of the market cycle, hot IPOs (initial public offerings) may actually be a
      605 words
    • 488 6  -  Ningbo Commercial Bank stake deal targeted for June completion By LESLIE YEE OCBC Bank said yesterday it has received approval from the Monetary Authority of Singapore and the China Banking Regulatory Commission to buy 12.2 per cent of China's Ningbo Commercial
      ARTHUR LEE  -  488 words
    • 5620 6 UNIT TRUSTS FUNDS ACMGI Amer Income A EUR 6.5& ACMGI Amef Income B EUR 6.561 ACMGI Europ Income Opp AT SGD 15.37/ AIM Amro Asset Mgt (S pore) ACMGI Europ Income Opp BT SGD 15.37/ Star tjroptbftl 0 899/ ACMGI Ei*op Income Opp AT EUR 7.54/ Star El*ope Bond 1.
      5,620 words
    • 342 8  -  It aims to increase market share to double digit from 3-5% now By LESLIE YEE UNITED Overseas Bank (UOB) is starting a publicity drive to beef up its bancassurance business, as part of its plan to increase market share in Singapore from the current
      342 words
    • 243 8 SINGAPORE Shipping Corp Ltd (SSC) posted a 1.1 per cent year-on-year rise in fourth-quarter net profit to $7.96 million, helped mainly by an exceptional gain from the disposal of vessels. But revenue from continuing operations for the three months to March 31, 2006,
      243 words
    • 308 8  -  It launches sports content service for mobile phones By ROLAND LIM REGIONAL telco group Bridge Mobile Alliance (BMA), which counts Singapore Telecom as one of its founding members, yesterday said that it was eyeing the possibility of an initial public offering (IPO)
      308 words
    • 218 8  -  By OH BOON PING DESPITE a 20.86 per cent year-on-year rise in turnover to $20.09 million, Jade Technologies Singapore still found itself in the red for its first half-year ended April 1, 2006. But the maker of integrated-circuit lead frames managed to slash its
      218 words
    • 496 8  -  CITIRAYA TRIAL By GRACE CHONG STATEMENTS recorded by the Corrupt Practices Investigation Bureau (CPIB) did not accurately reflect her true intentions because of translation disparities, accounts clerk Joanna Aw Meng Choo told a court yesterday. The misrepresentations allege she knew of "no stock movement" of
      496 words
    • 307 8  -  By YONG WEI KONG PACIFIC Andes (Holdings) Ltd, a global seafood supplier, yesterday said fullyear earnings rose 66.4 per cent due to strong demand for frozen fish and the success of its vertical integration efforts. Net profit for the financial year ended March
      307 words
    • 330 9 Largest S'pore IPO since 1993 garners 1 time oversubscription INVESTOR demand for stock in Thailand Beverage has outweighed the number of shares on offer, Reuters said in a report yesterday, citing sources. But, said the news agency, weak sentiment was taking the shine off
      330 words
    • 204 9  -  By KRITI SINGH OLAM International Ltd has secured a five-year USS3OO million syndicated loan facility. Lead arrangers for the loan were DBS Bank, Hongkong and Shanghai Banking Corporation, Rabobank International, Standard Chartered Bank and The Royal Bank of Scotland, Singapore branch. Standard Chartered Bank
      204 words
    • COMPANY BRIEFS
      • 52 9 SINGAPORE Press Holdings (SPH)bought back on Monday 1.79 million of its own shares at prices averaging about $4.09 a share. The market acquisition, representing 1.14 per cent of SPH's issued share capital as at the date of the share buy-back resolution, cost about
        52 words
      • 90 9 INFORMATICS Holdings said yesterday that the Arbitration Tribunal has dismissed legal claims of about US$3.5 million against the company brought by Computerage Nigeria Ltd. The tribunal's orders include: award of US$279,000 to Informatics for its counterclaim of sub-franchise fees with interest; Computerage having to account
        90 words
      • 113 9 CONSTRUCTION-BASED group PDC Corp has highlighted changes to its income statement made after the release of its unaudited financial statement for the year ended Dec 31, 2005. The changes contained in its audited results include turnover for the group increasing to $408,000 compared to
        113 words
      • 67 9 CSE Global said its chairman, CEO and CFO had informed the company that they had increased their personal stakes in the company through open-market purchases. The chairman has increased his interest by 2 million shares to 0.6 per cent, the CEO about
        67 words
      • 35 9 LKN-Primefield has appointed Wong Hong Ren, a director of the company since Feb 22 this year, as a non-executive chairman in place of Lim Kong Chong, who resigned on May 15.
        35 words
    • 253 9  -  By SIOW LI SEN THE Singapore Exchange (SGX) is leading the charge in promoting investor relations (IR) and as part of this effort it is pushing to set up an association for IR practitioners. Past surveys and a study by the Business School of
      253 words
    • 236 9 EASYKNIT International Holdings Ltd, a Hong Kong-based cotton garment exporter, is seeking a voluntary delisting from the Singapore Exchange due to the low trading volume and costs of keeping a secondary listing in Singapore. "The board has considered the benefits of the shares being
      236 words
  • Page 6 Advertisements
    • 34 6 AllianzGI Global Internet Fund Winner of the Sector Allianz (fii) x Best Equity Sector Information Technology Fund over 3 Years' ciobai investors S x The Edge-Lipper Singapore Fund Awards 200') company kt" m> lwo/iwv
      34 words

  • Page 7 Advertisements
    • 161 7 K^l House 31 themed hotels, each with Its own theatre Offer more than 1,500 restaurants Be a cultural melting pot, that offers an amazing selection of spectacular entertainment shows Visitors can also experience Arabian hospitality at LAND OF ARABIA Hotels and Resorts, which has A Day/Night Souk, a Spice Market
      161 words

  • Page 8 Advertisements
    • 962 8 PDC CORP LTD Co Reg N0.*****5292D (Incorporated in the Republic of Singapore) Notice of Seventh Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of PDC CORP LTD will be held on Friday, 9 June 2006 at 10.00 a.m. at Orchid Country Club, Topaz Suite, 1
      962 words
    • 24 8 Joining forces? Announce the good news. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. MATS NOTICES
      24 words
    • 363 8 riDArriiu/ dragon land limited I Co Reg No: *****1688 C I (Incorporated in the Republic of Singapore) H Notice of Extraordinary General Meeting I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of shareholders of Dragon Land Limited H (the "Company") will be held at 31 Tannery Lane #08-01,
      363 words

  • Page 9 Advertisements
    • 182 9 Credit Agricole Private Bank Imagine a private bank that combines strength and dedicated service Backed by an extensive international network and the significant leverage that comes with being a member of the world's sth largest banking group*, Credit Agricole Private Bank is a frontrunner in personal wealth management. To protect
      182 words

  • SINGAPORE MARKETS
    • 894 10  -  CURRENCIES US$ still in trouble, euro and yen attract good demand, but A$ shaky LARRY WEE Senior Correspondent IF somebody wanted a good vindication of the old stock market advice "Sell in May and go away .the past week's sharp losses would
      894 words
    • 1031 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 23 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr COOP) ('000) Semb Kimtrans 23-May-06 Kimtrans S'pore PL Buy 197 na ***** 22.11 ***** 22.16 SembKimtrans 23-May-06 Tan
      1,031 words
    • 271 10  -  Compiled by UMA SHANKARI KS Energy May 23 ckn: f? OCBC RfVESFMENT RESEARCH, May 23 OIL price is still up 40 per cent year-on-year in spite of recent price weakness. The combination of high oil prices, rig replacement needs and higher newbuild prices at established rig builders should
      271 words
    • 401 10  -  STOCKS R SIVANITHY Senior Correspondent INTRADAY short-sellers must have had a field day yesterday, although given the wild swings posted by the benchmark Straits Times Index, getting the timing right would have required as much luck as skill the index opened with a 15-point gain, promptly
      401 words
    • 252 10  -  CHART POINT By YEO KEE YAN chartist at Kelive Research THE Singapore stock market succumbed to further weakness as Asian bourses were hit by more bouts of selling. The Straits Times Index tumbled 77 points and probed the 200-day moving average (major support) at 2,404
      252 words

  • SINGAPORE NEWS
    • 743 11  -  PROPERTY One is an en bloc offer at $110.6m, the other a hotel plot from URA By KALPANA RASHIWALA EVEN as some market watchers wonder if developers' appetite for land will be hit by the stockmarket rout, new sites continue
      743 words
    • 190 11 GIC Real Estate (GIC RE), the real estate investmentarm of Government of Singapore Investment Corporation (GIC), said yesterday that it has sold a 29-storey office building with a retail podium in Hong Kong for HK52.375 billion. (Ss4B6 million). The building, called 181
      190 words
    • 347 11  -  By GRACE CHONG, SIM PING KHUAN SINGAPOREANS are no longer country bumpkins when it comes to the arts. More locals, especially the young, now readily embrace the arts, according to the latest National Arts Council (NAC) survey. In just a decade, attendance
      347 words
    • 79 11 [SINGAPORE] SEX and speed turn men on. And come November they will get their share, when Big Boyz Toyz returns from Nov 30 to Dec 3. In response to exhibitor requests, entry will be free this year. There will be 100 exhibitors, and lucky
      ARTHUR LEE  -  79 words
    • 480 12  -  POLITICAL WATCH Separate polls at municipal and parliamentary levels urged By UMA SHANKARI PANELISTS at a post-mor-tem of the recently concluded general election in Singapore last night called for reforms in the electoral system with separate polls at the municipal and parliamentary levels. Ho Khai
      480 words
    • 235 12 Reuters CHEE Siok Chin, a defeated candidate in the recent polls and sister of Singapore Democratic Party (SDP) leader Chee Soon Juan, has filed an application with the High Court to annul the results of the May 6 parliamentary election, saying
      Reuters  -  235 words
    • 346 12  -  By KRITI SINGH GLOBAL Trader certificates were presented yesterday to over 50 international trading firms by Minister for Trade and Industry Lim Hng Kiang, in recognition of their status as global traders under International Enterprise (IE) Singapore's Global Traders Programme (GTP).
      FILE PHOTO  -  346 words
    • 142 12 INFLATION, as measured by the consumer price index (CPI), rose 1.1 per cent in April compared with the same month last year. Against the preceding month, the April CPI was up 0.5 per cent. The biggest year-on-year increase of 3.3 per cent was posted by
      142 words
    • 209 12  -  By CHEN HUIFEN SINGAPORE-BASED Novartis Institute for Tropical Diseases (NITD) will get a US$2O million funding boost through a partnership arrangement that involves the private and public sectors. The funds—to be injected by an alliance that includes the Economic Development Board, UK's Wellcome Trust and
      209 words
  • Page 11 Advertisements
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      182 words
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      62 words

  • Page 12 Advertisements
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      51 words

  • 11th WORLD HR CONGRESS
    • 1127 13  -  Moving in that direction with SHRI's help, it is creating a S'pore brand for local HR industry, say GRACE CHONG and SIM PING KHUAN GRACE CHONG, SIM PING KHUAN JERHMY is satisfied. Today, he negotiated a settlement with the labour unions, quelling unrest and
      1,127 words
  • Page 13 Advertisements
    • 79 13 As the only national professional body for HR practitioners, SHRI is dedicated to promoting and maintaining high standards of professionalism in human resource management and development. At SHRI, we put the Human in human resources. Because we understand that in any organisation, 111 people are the biggest assets. i I
      79 words

  • ECONOMY WATCH
    • 715 14 Yen rises as outlook on sovereign rating raised from stable to positive Reuters [TOKYO] Japan's economic recovery won recognition yesterday when ratings agency Standard Poor's (S&P) raised its outlook on the country's long-term sovereign rating to positive from stable, sending the yen higher.
      Reuters; AP  -  715 words
    • 2377 14 vol Gamuda .3.60 -0.10 979 M« foil) General Corp 0.60 0.02 81 Genting 24.20 0.60 1373 ASM Realty 135 unch 22 George Kent .....0.65 0.06 299 AWe 031 30 GHL Systems 0.23 0.02 ***** ACP Industries 0.94 0.02 306 Gtobetromcs Tech .0.32 0.01 1255 Advance Synergy 0.21 0.01
      2,377 words
    • 258 14 AFP [HONG KONG] Hong Kong's economy expanded briskly on a broad front in the first quarter, driven by robust external trade, a pick-up in consumer spending, and a continued surge in investment, officials said yesterday. "While external trade continues to boom,
      AFP  -  258 words
    • 438 14 Reuters [TOKYO] The Bank of Japan will adjust interest rate levels gradually while guarding against the risks of excessive monetary easing, BOJ governor Toshihiko Fukui was cpioted as saying by the Nihon Keizai Shimbun financial daily. "We need to avoid the
      Reuters  -  438 words
    • 755 14 GDP rises 0.4%, 2005 growth revised to 1% Bloomberg [FRANKFURT] Consumer spending led growth in the German economy, Europe's largest, in the first quarter, giving the European Central Bank (ECB) more leeway to raise interest rates. Gross domestic product, the value of all
      Bloomberg  -  755 words

  • MALAYSIA/INDONESIA
    • 316 15 AFP [KUAI.A LUMPUR] Malaysian carmaker Perodua has overtaken its lumbering competitor Proton to becoYne the nation's leading manufacturer thanks to a nifty new model, industry experts said yesterday. The development is the latest blow for Proton which is struggling to survive in the
      AFP  -  316 words
    • 521 15 State support won't vanish overnight but won't continue indefinitely AP Reuters [KUALA LUMPUR] Malaysia's national carmaker Proton must find a "powerful" foreign partner to remain in business, a government leader said yesterday, warning that it cannot expect indefinite and unconditional state support. Deputy Prime
      AP; Reuters; AFP  -  521 words
    • 206 15 AFP [KUALA LUMPUR] Malaysia will set up a special court to handle complaints on infringement of copyright and trademark, officials said yesterday in a move triggered by trade talks with the United States. The United States said earlier this year
      AFP  -  206 words
    • 335 15 Reuters [JAKARTA] Indonesian President Susilo Bambang Yudhoyono said yesterday the country would pay off ahead of schedule US$7.B billion outstanding from a rescue package provided by the International Monetary Fund (IMF) in the Asian financial crisis. Antara state news agency quoted
      Reuters  -  335 words
    • BRIEFLY ASIA
      • 51 15 Bloomberg [TAIPEI] Prosecutors visited Chang Hwa Commercial Bank's head office yesterday as they probed a legislator's accusation that President Chen Shui-bian's son-in-law was involved in insider trading. Prosecutors visited the offices of chairman Chang Po-shin, president Chen Chen-jau and senior vice-president James Chen, a spokesman
        Bloomberg  -  51 words
      • 55 15 Reuters [SHANGHAI] Bank of Communications, China's fifth-largest lender, reported a 42.7 per cent increase in first-quarter earningsyesterday, powere<fby robust loan growth. BoComms, which is 19.9 per cent owned by HSBC Holdings, earned 2.9 billion yuan (SssBo million) in the first three
        Reuters  -  55 words
      • 42 15 Reuters [BEIJING] China yesterday said it hoped the US would start relaxing its curbs on exports of high-tech products to China, responding to signs from Washington that it could be willing to abandon some controls. —Reuters
        Reuters  -  42 words
      • 70 15 Bloomberg [BEIJING] Agricultural Bank of China, the nation's troubled fourth-largest lender, won't be broken up to redistribute its bad loans and begin restructuring, central bank governor Zhou Xiaochuan said. "There is no such plan," Mr Zhou said yesterday, referring to a May 21
        Bloomberg  -  70 words
      • 58 15 Reuters [SHANGHAI] HSBC Jintrust Fund Management Co Ltd, A joint venture in which HSBC Holdings owns 49 per cent, said yesterday it had raised US$367 million by selling its first fund product in China. HSBC Jintrust Fund, which began sales in early April,
        Reuters  -  58 words
      • 70 15 Reuters [BEIJING] China vowed yesterday to stop suspected economic criminals fleeing abroad, days after local media raised hopes that a fugitive accused of masterminding a smuggling ring could be deported from Canada. According to official data, about 800 suspected economic criminals had escaped
        Reuters  -  70 words
      • 79 15 Reuters [BEIJING! China will raise retail gasoline and diesel prices by a larger-than-expected J 0-11 per cent from today, the second hike this year, in a move that could help boost refining margins but dampen domestic demand. The rises mean the retail
        Reuters  -  79 words
      • 77 15 Reuters [MUMBAI] Indian drug maker Cipla Ltd has received tentative approval from the US Food and Drug Administration for generic AIDS drug nevirapine in the tablet form, according to an FDA statement. Also, Sun Pharma Ltd has received tentative approval for ondansetron
        Reuters  -  77 words
      • 71 15 Reuters [KUALA LUMPUR] One of Asia's top terror suspects, who is hiding in Indonesia, is unlikely to flee the country because regional police are keeping a close watch for him, Indonesia's police chief said yesterday. Indonesian police raided a militant safehouse on Java
        Reuters  -  71 words
      • 42 15 Bloomberg [HONG KONG] China's software piracy rate fell four percentage points to 86 per cent last year thanks to efforts such as using legitimate software on government computers, the Business Software Alliance said. —Bloomberg
        Bloomberg  -  42 words
  • Page 15 Advertisements
    • 160 15 Great World City Atrium Level 1 Come on down to our Beer Wine Fair and delight yourself with wines of all prices, to suit all tastes. v wlLh -Bo EL^pA __—•',.<■* "^iyf i K Bennger Stone Cellars Antinori Concha YToroCasillero del Diabk) Antinori Wyndham Estate D'Arenberg ■vGuess ft right, and
      160 words

  • GREATER CHINA
    • 439 16 Firms to be allowed to use shares to pay for acquisitions Bloomberg [SHANGHAI! China's plans to let companies use stock when making acquisitions will boost takeovers and speed up consolidation in the world's fastest-growing major economy, some analysts and bankers said on Tuesday. "The
      Bloomberg  -  439 words
    • 416 16 Country's largest lender moves closer to planned US$l2b share sale in HK Bloomberg [SHANGHAI] China's social security fund has invested 10 billion yuan (Ss2 billion) in Industrial Commercial Bank of China (ICBC), moving the nation's largest lender closer to a planned
      Bloomberg  -  416 words
    • 312 16 Bloomberg [SHANGHAI/HONG KONG] China Telecommunications Group, which controls the nation's biggest fixed-line operator, plans to spin off a unit for an initial public offering in Hong Kong. The group plans to list an engineering and telecommunications services unit, Wang Xiaochu, chairman
      Bloomberg  -  312 words
    • 213 16 Bloomberg [HONG KONG] Bank of China is expected to price its IPO, worth up to US$9.B billion, at or near the top of its indicated range, but turbulent global markets could have curbed retail oversubscription levels. The Beijing-controlled lender, which
      Bloomberg; AFP  -  213 words
    • 372 16 Reuters [WASHINGTON] The United States has no immediate plans to j negotiate a free tradeppact with Taiwan, but is eager to discuss other ways to expand economic ties, a top US trade official told reporters on Monclay i "Let me just
      Reuters  -  372 words
    • 487 16 Bank's investment said to be worth HK$780m Reuters [HONG KONG] HSBC Holdings will take a stake in Shui On Land Ltd as part of the Chinese property developer's IPO next month, at a time when government steps to cool China's property
      Reuters  -  487 words
  • Page 16 Advertisements
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  • INDIA
    • 588 17 Merchant bankers say pricing has to fall sharply to attract investors Reuters [MUMBAI] Billion of doUars of initial public offerings (IPOs) lined up by Indian companies face an uphill task attracting demand as India's two-year bull run wilts amid a global
      Reuters; REUTERS  -  588 words
    • 470 17 Number soars to 25,000 from some 3,000 2 years ago [MUMBAI] The aura associated with working for multinational companies (MNC) is largely dimming, with more foreign nationals opting to work with domestic IT majors, fondly called the Indian MNCs, says Business Standard. The domestic
      470 words
    • 441 17 Bloomberg [BANGALORE] Intel Corp, the world's biggest computer-chip maker, said it is in talks with the Indian government on setting up a factory in India. "We're not prepared to announce any new plans for that today," Paul Otellini, chief executive officer
      Bloomberg  -  441 words
    • 515 17 It closes 3.3% up at 10,822.78, halting a 3-day, 14% slide Bloomberg [MUMBAI] India's Sensitive index rose, halting a threeday, 14 per cent slide, as some investors judged the fall to be excessive. "It's a good opportunity to buy," said UK Sinha, chairman of UTI
      Bloomberg  -  515 words
  • Page 17 Advertisements
    • 26 17 Have to say "sorry?" Pf Make it official. Call 1800 289 8822 or email notices@sph.com.sg to book your apology notice in our newspapers now. NOTICES i
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    • 1332 17 Incheap* Shipping S*rvic«s (Singapore) Pit lid Company Registration No: *****0042E NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76( 1OXh) and 76( 12) of tfw Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of Indsamae Shipping Service* (Singapore) he ltd (the *C
      1,332 words

  • ASIA-PACIFIC/WORLD
    • 345 18 Rivals vow to resume protests, dub his return to power a ploy Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra formally took back the reins of power yesterday, chairing a Cabinet meeting almost two months after he came under fire from critics and
      Reuters; AP  -  345 words
    • 467 19 Regulators also call for probe on execs following US$10.8b in accounting errors Bloomberg INFW YORK] Federal investigators will recommend limits on Fannie Mae's mortgage holdings following US$lO.B billion in accounting errors by the largest source of money for US home loans, according
      Bloomberg  -  467 words
    • 377 19  -  40% rate puts S'pore in top 20 with lowest piracy By WINSTON CHAI [SINGAPORE] Going against the upswing in software piracy rates in the Asia-Pacific region, the use of bootleg programs here has dropped to its lowest level in recent years. According to a report
      377 words
    • 237 19 NYT [NEW YORK] Wal-Mart Stores Inc expects to soon get approval from federal regulators to enter banking, but its victory will come at a high cost, a top executive told a bankers' conference on Monday. "It has been a lot more effort than we
      NYT  -  237 words
    • 385 19 Marks Spencer profit falls 11% in the absence of one-time gain Bloomberg [LONDON] Marks Spencer Group, the UK's largest clothing retailer, said annual profit fell 11 per cent as a one-time gain from selling its finance unit wasn't repeated. Net income dropped to £523.1 million (551.55 billion) in the year
      Bloomberg; BLOOMBERG  -  385 words
    • 267 19 Bloomberg [SAN FRANCISCO] Sun Microsystems will fire workers to boost profits and plans to announce details by end-July, chief financial officer Michael Lehman said yesterday. "We are now ready to resize the company," Mr Lehman told investors during a JP Morgan technology
      Bloomberg  -  267 words
    • 714 19 Bloomberg [NEW YORK] John Thain, the chief executive officer of NYSE Group Inc, has done more to transform the 214-year-old institution in his two-year tenure than any of his predecessors. He still risks faliing behind rivals. NYSE Group, owner of the New York Stock Exchange, on
      Bloomberg; AP  -  714 words
    • 340 19 Reuters [SEOUL] South Korea's antitrust watchdog said yesterday it had rejected an objection lodged by Microsoft Corp over a ruling that the company should unbundle its media player and messaging service from Windows software. The world's biggest software company was ordered in December by
      Reuters  -  340 words
  • Page 18 Advertisements
    • 1539 18 I I I Balance Sheets As At 31 December 2005 Income Statements For The Year Ended 31 December 2005 I The Group The Bank The Group The Bank H 2005 2004 2005 2004 2005 2004 2006 2004 RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO RM'OOO Assets Interest income 4,103,644 3,713,996
      1,539 words


  • AVIATION
    • 564 20  -  Easy connections, single journey for passengers using Jetstar Asia, Valuair By VEN SREENIVASAN [SINGAPORE] Qantas is integrating its low-cost offshoots so that passengers can travel from Jakarta to Singapore and onwards to Bangalore in one seamless journey using just one ticket and
      564 words
    • 2152 20 CITY FLIGHT ETA FUGHT ETD Delhi S2081 0630 S2082 0910 CQ4S6 1300 SQ407 0715 IC860 0925 Adalaida LH9771 1750 LH9770 2345 °Z*° SQ408 1855 SQ230 1750 SQ229 2345 Amstardam L***** 0630 AZ3993 2255 1640 GA841 1755 SQ323 0630 KL838 2255 900 AZ3992 1530 L***** 2345 2
      2,152 words
    • 363 20  -  By VEN SREENIVASAN [SINGAPORE] Changi Airport has trumped Hong Kong to clinch the "Airport of the Year" title at the Skytrax World Airport Awards 2006 for the first time. The Airport of the Year award is a result of the world's largest
      FILE PHOTO  -  363 words
    • 463 20 Bloomberg [LONDONJ BAA pic, the world's largest airport operator, may return £750 million (552.23 billion) to investors as part of a plan to fend off a takeover., Details of the return of cash will be contained in a letter to shareholders, BAA,
      Bloomberg  -  463 words
    • 360 20 AP [MINNEAPOLIS] Northwest Airlines would be able to lay off roughly 700 ground workers under a tentative agreement with their union, the International Association of Machinists and Aerospace Workers said on Monday. The exact number of layoffs won't be known until the
      AP  -  360 words
  • Page 20 Miscellaneous
    • 276 20 CRYPTIC CROSSWORD thug was outlawed (5,4) 8 Where to find the brave final10 Stepping stones to reason 11 Criticise a show, we hear (6) Hi |HV jHj AH 12 Originator of intrigue in the 3 New crusades for old vehicles 15 Leav4 very little time to re- I I J
      276 words

  • SHIPPING/AVIATION
    • 705 21  -  Call to rethink strategy as many security issues appear to be local police problems By DONALD URQUHART [SINGAPORE] A new report on Malacca and Singapore Straits security identifying smaller coastal vessels as being most at risk of attack has led some experts
      705 words
    • 743 21  -  STRAIT TALK By DAVID HUGHES THE annual meeting of the International Chamber of Shipping (ICS) and its sister organisation, the International Shipping Federation (ISF), held in Washington a couple of weeks ago; marked the end of an era for the two shipowners' representative organisations.
      743 words
    • 495 21 Reuters [MUMBAI] An initial public offering by Indian discount carrier Deccan Aviation has struggled to find takers, raising questions on the viability of the low-cost airline model in an increasingly crowded market. The offering, which was to close yesterday, comprises a fresh issue
      Reuters  -  495 words
    • 489 21 Bloomberg [NEW YORK] Boeing Co, the world's second-largest commercial-aircraft maker, will begin taking orders for a larger version of its planned 787 Dreamliner jet within the next year, spurred by demand from Middle Eastern airlines. "My guess is that it will be
      Bloomberg; BLOOMBERG  -  489 words
    • 305 21 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia's second-most profitable carrier, will raise ticket surcharges by as much as 22 per cent, its first increase this year, to help cover higher jet fuel costs. The Hong Kong-based airline will charge passengers on long-haul flights
      Bloomberg  -  305 words
    • 281 21 SGX '000 May 23 St W- Vol CH Offshore 335 -0.01 103S ChuanHup- .032 -0.01 2399 Cosco Corporation 1.31 0.06 ***** CWT Distribution 1,16 -0.02 164 Ezra Hldgs 3.48 0.03 402 Freight Links 0.07 unch 1666 Grand Banks Yacht .0.83 unch 0 Java Holdings 1.38 0.03 224 K1
      281 words
  • Page 21 Advertisements
    • 105 21 I'" SHIPOWNERS j ■I Ship Registration I Iff) International Ship Registries (ISR) provide* feet I lie efficient service for registration licensing of I fVv ships under various flags. I Ship Classification I international Ship Classification (ISClass) Is an I \Jt) independent organization providing classification liciflM services for newbuildings existing vessels
      105 words

  • MOTORING
    • 659 22  -  Petrol-electric technology is best solution for next 10-20 years: Toyota Reports by SAMUEL EE WHEN the first Toyota Prius was launched in Japan in late 1997, chief engineer Satoshi Ogiso was a worried man. Petrol-electric hybrid technology was being introduced for the very first time
      659 words
    • 363 22 TOYOTA wants to offer smaller and cheaper hybrid cars for sale but the paradox is that they are more expensive to develop. As a result, it has been easier to introduce costly petrolelectric hybrid technology in larger, premium models like the Lexus RX4OOh and
      363 words
    • 552 22  -  By SAMUEL EE ASIA will continue to be an important growth region for Honda, going by the announcements in the operational plans unveiled at the Japanese carmaker's 2006 mid-year press conference. Honda Motor Co president and CEO Takeo Fukui last week outlined his company's future
      FILE PHOTO  -  552 words
  • Page 22 Advertisements
    • 154 22 Good morning nnfP -CHECKOUT Mf/f %0 WHAT'S IN STORE jß|jAj ItKI III? M I fntiYrtrHW Connectwjth Bond with the Rpantifiii the girl thing... people in your lifepeople sexless in the city hits in a snap! *|j»J Young, single and available... She's hitched Be seen heard SIMONE HENG and DOLORES trying
      154 words

  • GLOBAL TRADER AWARDS
    • 826 23  -  By Matthew Phan THE value of Singapore's trading industry boggles the mind, especially when one considers the finite number of companies involved, and the small number of actual traders each company typically employs. Offshore physical trades booked in Singapore grew to US$225 billion in 2005,
      826 words
    • 1372 24  -  While nuclear power, hydropower and coal will be important in meeting global energy demand, fossil fuels will continue to be the mainstay, writes GAN SEOW KEE GAIH SEOW KEE GLOBAL energy demand is expected to climb by almost 50 per cent in the next 25 years, as
      Source: Bloomberg  -  1,372 words
    • 775 25  -  Singapore Pulp exists purely to help Cellmark's Indonesian client sell its produce, MATTHEW PHAN reports MATTHEW PHAN "THE market volume for traded pulp is very big, but most of it knows where it is going." So says Fredrik Anderson, managing director of Singapore
      775 words
    • 1318 26  -  Oil trading provides Thailand's largest domestic oil producer an opportunity to do so. MATTHEW PHAN and SIM PING KHUAN report MATTHEW PHAM, SIM PIMG KHUAN OIL is an industry many governments want in on; whether for reasons of national security or the giant profits
      AFP  -  1,318 words
    • 873 27  -  Duferco Asia tells MATTHEW PHAN what it's like in the steel trade MATTHEW PHAN "THE steel trade is done out in the field. The trader needs to be a relationship manager and have a holistic view of the business and a complete picture of the
      873 words
    • 777 28  -  Its pace of economic development makes the region the fastest growth segment for the heavy equipment manufacturer, MATTHEW PHAN reports MATTHEW PHAN "ONR of these days these boots are gonna walk all over you" Caterpillar might be known to some by its steel-toed stompers, but the
      777 words
    • 534 28  -  By MATTHEW PHAN WHILE chemical traders are "physical traders" who rely on "intuition" and are "personality-oriented, listening types" and "not screen traders", PC-based instant messaging is fast becoming a tool of the trade, managing director of Interchem 2000 Group Gerry Yeap says. Traders dislike
      534 words
    • 929 29  -  In times of market volatility, a commodity bank will be able to assist a client in structuring transactions such that risks are minimised, says LYNN NG LYNN NG THE rising price of commodities is a double-edged sword that fuels long-term investment interest but also generates
      FILE PHOTO  -  929 words
  • Page 23 Advertisements
    • 32 23 Coordinator Matthew Phan Editor Elaine Koh Sub-«ditor Lilian Lee Artists: Gareth Chung, Noordin Ayob Recognising Successful Global Trading Companies in Singapore GLOBALTRADER v AWARDS 2 006 Helping Singapore enterprises internationalise Singapore I
      32 words

  • Page 24 Advertisements
    • 161 24 I PTT INTERNATIONAL TRADING PTE LTD I I is honoured to receive the prestigious B INTERNATIONAL ENTERPRISE SINGAPORE I a Our heartfelt appreciation I to ail our dedicated staff and business associates I for their consistent hard work and support, I |S which contributed to our success. p PTT International
      161 words

  • Page 25 Advertisements
    • 121 25 FfRTREC The World Is Now Our Stage Indeed, we are honoured to be bestowed the prestigious by International Enterprise Singapore. Our heartfelt appreciation to our customers, partners and bankers. Thank you, we wouldn't have done it without you. Mr £S mm f[ BB> jSB AIB Hy§K<2BHf y '^^^^^BB I m
      121 words
    • 158 25 kaybeegroup KAYBEE GROUP is proud to be recipient of GLOBAL TRADER PROGRAMME STATUS under the auspices of IE Singapore I r We sincerely thank all our global customers, business partners and bankers for their valued support. IVUI^bH Kaybee Group is a multi-locational solution provider within the textile and apparel industry.
      158 words

  • Page 26 Advertisements
    • 29 26 IJ|||j^pj|^^WW^^MB^ußß^Jy'|K|ißKWM^^^Bj|^Bßi f Mm*• ...»...ail— I!*ji El yA^Ms^ggy| mw '■^IiEiA~«BiH^^MiHBWEBiiMBMtouL. *4? zj*... >'~***J&r 'HL&m tPPi BTt '>W J «>*" %rs mi In!.; >' J 3f^ rv ,f C' n 1L .IMlliP*^m** J
      29 words
    • 76 26 7 YN\\< s The No.l provider of networking solutions and products in Southeast Asia, D-Unk International is honoured to be conferred the prestigious Global Trader Award by International Enterprise Singapore. This award attests to D-Link's continued commitment to the Singapore economy and our global standing in the IT industry. Together
      76 words

  • Page 27 Advertisements
    • 318 27 PROJECTOR ASIA PTE LTDf'»t J= **P>:'&■»£*'••'' fWW'W Mn# 9p Ip mtfwi'' "t •V I%b-." jag® 'I-tiij■ td> be awarded the STATUS %f SINGAPORE OIL HUB We would like to thank our valueaCustomers, Business Partners, Bankers, Staff and Shareholders fl*rtheir continued support Projector Asia Pte Ltd Maybank Tower, Sln^Hp|l99^7 Tal: 6826
      318 words

  • Page 28 Advertisements
    • 136 28 Pulp Pte Ltd is proud to be awarded the BY INTERNATIONAL ENTERPRISE SINGAPORE Singapore Pulp is a wholly owned subsidiary of the Cell Mark group, one of the largest forest product marketing companies in the world. We market wood pulp from Indonesia to mainly Asian markets and to Europe. Cell
      136 words
    • 140 28 v> £b^ VIRGOZ OILS FATS PTE LTD A member company of Permata Hijau Group is proud to be awarded the BY INTERNATIONAL ENTERPRISE SINGAPORE VIRGOZ OILS FATS PTE LTD, a global trading arm of PERMATA HUAU GROUP, specialises in the trading of crude refined palm and lauric oil products internationally
      140 words

  • Page 29 Advertisements
    • 236 29 ij Jl mcn in experience. FUELLED BY PASSION. m In the business of non-speculative, niche treding of crude oil end petroleum products, Net East Trading Pte Ltd (NET) is recognised for y unrivalled insight and experience. Although it only began operations in *'j§slEP!s Singapore in July 2004, it Qtpirted out
      236 words

  • EDITORIAL & OPINION
    • 529 30 EDITORIAL ALTHOUGH some emerging markets stabilised yesterday, over the previous 10 days they saw their biggest sell-off since the Asian crisis of 1997-98. What, it may be asked, is going on? The Morgan Stanley Capital International Index, which tracks shares in 26 emerging markets around the
      529 words
    • 818 30  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THE conventional historical narrative of US President George W Bush's foreign policy has traced the ascendancy of the neoconservative ideologues in his administration to the Sept 11, 2001 attacks on the
      818 words
    • 1096 30  -  It's a mixed bag as the dollar slide boosts exports and jobs in Asia at the expense of Europe NEIL BEHRMANN London Correspondent Alarm bells are ringing in Europe and Japan because US dollar devaluation is hurting exporters, economies and jobs. Long awaited revivals
      AFP  -  1,096 words
    • 846 31  -  Finding it hard to get yen funds, they use swaps, exchanging dollars for yen in Libor market By HIDEYUKI SANO Reuters FOREIGN banks in Japan are having trouble raising yen funds as the Bank of Japan (BOJ) mops up the
      Reuters; REUTERS  -  846 words
    • 701 31  -  By BARANI KRISHNAN Reuters THE week-long sell-off in commodities has erased many millions of dollars in recent profits, but investors who had warmed to the asset class will not park their money forever in bland bonds or money market funds. Another round
      Reuters  -  701 words
    • 879 31  -  ANDY MUKHERJEE Bloomberg INVESTING in Indian stocks should now carry the Surgeon General's warning. Last week's 11 per cent decline in the Mumbai stock exchange's Sensitive Index had at least five investors in the western Indian city of Ahmedabad seeking medical
      Bloomberg; AFP  -  879 words


  • 10998 32 SGX MAINBOARD WV T(l Last Vol Day Last Quote GrOiv Dtv GrYld Net MCap High Low Code Company Sate C000) High tow Buytr S«H«r Cvr PfE SmS 5 1 5716 1st Software 5c 2.5 2 3 10.1 16 6 3148 8Telecom US2c 7.5 unch 361 7.5 7 7
    10,998 words

  • 6422 33 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cur r in SS la US$ %dy %yr dy yr dy Xyt May 22 lnd>» Change Change Change Ch«nq« Change Change World lnde« Prefannaty 971.6 1.5 0.2 -1.1 -0.9 1,2 38 »EAR Preliminary 9704 23 03 1.7 73 1,8 11 Europe
    6,422 words

  • Page 34 Advertisements
    • 1894 34 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.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 SERVICES Tramping
      1,894 words
    • 707 34 IINTHAHA tOKO mmniCM VSSa/VOT RAMPffT) HBGHTCW PRO RCH IP SM JKT STUITS VENTURE 08/04 IS 3.2 11/05 15/05 11/05 21/05 23/05 STUITS VENTURE OVO4 IS 3.2 25/05 21/05 01/Oi 04/06 06/04 straits romiK 10/04 is 3.2 01/04 n/04 15/04 u/04 20/04 IAUITIAUAN KOfcO WtVICi 1 VBSa/VOT IAJNPffT) HBGHHW) IP I
      707 words

  • Page 35 Advertisements
    • 2407 35 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/1 \W\ WAN HAI LINES 6^ff^ 6 S u t2J6i2w V TTWI MHD LABILE FUIH: 103) 334tttU FAX: (03) *****211KN1H: (04) 22*5900 MX: (M1229M99 Y JOHHL 07) *****23 Wfc (0/)2Sl*f2l SIR IB: (031) *****75 MX: |D3l) *****14/ 32*1305 www Wankfli rnm u KTIR:
      2,407 words
    • 20 35 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9865 OR BERNARD ***** AT 9675 0002
      20 words
    • 718 35 WEEKLY EXPRESS SAIUNG SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERWICDPOIWTSj vcsa I vot Isi I waw6|coio— oks>»v» Icoto—o I liuo tainrn ra. 10 coow, nrncow <vu coummT mm iwu i «ou (v* n sew) conmow mm vas to mope (masTOM, ■oiiuawj HMWWI MB EAST COAST USA QKW TOW.
      718 words

  • Page 36 Advertisements
    • 975 36 SNordana (Asia) Pte Lid STZ' 70 ShMton Way, «21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES WSSEI VOY jj Fr—rtt fruMpd PoskGedooe JstanLfcnuss JMI I I 2Uta 21M QLhm tond Ew«s fiZiin lZJua liiii 2&Jua 06 Jul Island
      975 words
    • 1053 36 TApuiiDA PMHNTAN j& i ll^fyjy|B^|^y.|^y "Bra —HUH ffi&ktu ffli jftn 0!fe BtBB -M-=HF=lf= M 88 l^ tr I MM' as «I MM l[g|jjj| IrKljj 11l rl 1 VRSfI VOY SM POT KUNG OffTMONO y Jdwrta Hi Win U+kVU) LataCM** V«y Mwrta PX makassai tww oSferiftr wo* Mrt Shpnw Uw Owfci
      1,053 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7168 37 This ETA ETA AdvcrtiMr Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Desfn Name Name Number Number T oini 28/06 13/07 Nordana PRINCESSMARY PM606 *****907 TO ABIDJAN (ABJ) 2003 Cote DIVOire 08/07 18/07 Nordana ISLAND EXPRESS
      7,168 words

  • EXECUTIVE MONEY
    • 1380 38  -  MONEY MATTERS What should be their strategy in the face of a weaker US dollar and signals that rate hikes are coming to an end in the US? ROY VARGHESE IT has been a relatively calm year for investors so far. Global equities, including Asian stocks,
      Source: Bloomberg; Source: ipac  -  1,380 words
    • 429 38  -  By R SIVANITHY HOW would you profit from a falling stock market? One way would be to borrow scrip and "go short", selling shares first before buying them back later at a lower price. This, however, assumes availability of the scrip for the
      429 words
    • 1244 39  -  Banker Wendy Lim's best investment decision was to start saving early. She tells GENEVIEVE CUA how she plans to build up her retirement kitty GENEVIEVE CUA SHK is on track towards her retirement kitty of $1.8 million from which she could draw an
      ARTHUR LEE  -  1,244 words
    • 785 39  -  By CHET CURRIER Bloomberg [LOS ANGELES] From a long-term investor's point of view, the recent uproar over inflation in the financial markets is no cause to panic. In the next little while the inflation statistics may look a bit worse than expected, as did Wednesday's
      Bloomberg  -  785 words
    • 315 39  -  By Chua Boon Lee Standard Poor's Associate, Fund Services WE thought it would be interesting to spotlight the asset managers linlced to the Big Three local banks this week. This analysis focuses on retail funds that span the different asset classes excluding insurancelinked and capital protected fonds.
      315 words
    • 1272 40  -  Financial advisory firms see further increase in their assets under administration. GENEVIEVE CUA looks at their performance GENEVIEVE CUA JHjk BOUT four years ago when jßfc the first financial advisory jm Sk (FA) licences were given M out, many believed FA serm m vices would
      1,272 words
  • Page 38 Advertisements
    • 78 38 It's simpler to invest qlobally with Fidelity. JM|| MM Visit our website at www.fidelity.com.sg to find out how. Mf J'l# m INTERNA Ti O N A L I Best Performing Fund Management Group (3-Year) UilCOlii Best Performing Fund Management Group (10-Year) MMMmW&W Wm m&WW Past performance is not indicative of
      78 words

  • Page 39 Advertisements
    • 105 39 |VBV| NANYANG TECHNOLOGICAL 'i UNIVERSITY Nanyang Business School I Nanyang Executive Programs At The Cutting-Edge of Asian Executive Education > Regional Business Development Strategy Custom Programs 1 31 Jul -1 Aug 2006 We a,so offer corporate in-house training programs specially tailored to meet the Corporate Finance lor Managers specific needs
      105 words

  • Page 40 Advertisements
    • 103 40 MONEY MATTERS Investors at the crossroads PG3B it%&< -^X^V 111 4 1| s 4 f "111 -r t ;v '-,J. ■> <• To help protect and grow wealth around the world, M we adhere to one simple philosophy. r htJ*£mQm 'gf?'**. ;^£«Hj£^BAt HSBC Private Bank we understand that your wealth
      103 words