The Business Times, 29 May 2006

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    16 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Monday, May 29,2006 »lli»i»PB^
    16 words
  • Article
    Lock icon Citibank steps up bid to join ATM networks
    772 1  -  It expects talks for access to both DBS/POSB and UOB/OCBC networks to pick up from July By LESLIE YEE [SINGAPOBH] Citibank is keen to become the first foreign bank to join the ATM networks of Singapore's domestic banks, which have over 1,500
    772 words
  • Article
    Lock icon MARKETS DIGEST
    135 1 MARKETS Week Chge STl 2445.02 -48.96 KLSECOMP 930.75 -13.65 NIKKEI 225 *****.76 -184.69 HANG SENG *****.10 -418.26 SET INDEX 717.50 -28.83 JAKARTA COMP ...1323.15 -69.84 MANILA COMP ....2300.39 -55.63 TAIPEI TAIEX 6879.51 -194.64 SEOUL COMP 1322.43 -49.86 SHENZHEN B 300.66 -14.28 AUSTALLORD 5014.70 -46.50 DOW JONES *****.61 134.55
    135 words
  • Article
    Lock icon Unsuccessful Marina Bay bidders gear up for Sentosa race
    608 1  -  Capita Land, Genting focusing on second IR By CHEN HUIFEN [SINGAPORE] The three losers in the Marina Bay integrated resort-cum-casino project are set to gear up for their next race for the second IR at Sentosa, having Jost the bigger IR
    608 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Asian govts respond to call for quake aid
      565 2 EARTHQUAKE IN INDONESIA Death toll rises to at least 4,600 and thousands are left homeless AFP Reuters AP IBANTUL, Indonesia] Asian governments joined countries around the world in scrambling to get food and supplies into Indonesian towns and cities pounded into rubble
      AFP; Reuters; AP; REUTERS  -  565 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      419 2 M'sia steps up plan to woo Disneyland MALAYSIA is again toying with the idea of developing a major theme park in Johor. UEM World executives have met up with officials from Oriental Land, the Japanese promoter and operator of Tokyo Disneyland, in a bid to bring Disneyland to
      419 words
    • Article, Illustration
      Lock icon Malaysia steps up plan to woo Disneyland
      600 3  -  INTEGRATED RESORTS RACE Johor township developer meets promoter-operator of Tokyo Disneyland By S JAYASANKARAN in Kuala Lumpur MAI.AYSIA has stepped up its plan to woo Disneyland to build a world-class theme park in Johor, which is next to Singapore. Last week, when Prime
      600 words
    • Article
      Lock icon IR accounts: Power companies look to some good business
      352 3  -  By RONNIE LIM [SINGAPORE] Resorts with casinos mean bright lights and plenty of them. And that spells good news for generating companies that win the contracts to supply the electricity. "The integrated resort (IR) accounts will be prize accounts," a power
      352 words
    • Article
      Lock icon More support for Asian currency index
      647 3  -  Moves prompted by fears of plunge in US dollar By ANTHONY ROWLEY in Tokyo RISING concerns among high level Asian financial officials over the possibility of a plunge in the value of the US dollar are adding impetus to moves aimed at some kind
      647 words
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      1251 2 I [^jphilippineNatlonalßai^ As of December 31, 2005 with Comparative Figures for 2004 (In Thousand Pesos) 2005 2004 2005 2004 (As Restned- No* 3) (Ai Round- Note 3) .1 _J F WfEREST NCOMEON i Cash and Other Cash Items PC,102,118 P3.342.672 Loans and receivables P6.340.391 P4.753.299 Due from Bangko Sentral ng
      1,251 words
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      191 2 neonle Hunting season H H has begun (Target: Private Bankers) wvvv'. tfepeop'e.itwork.com A'-ia-Pacific Executive Search discounts at the^^^^^B Thailand Grand Sale, 15 June 15 August 2006. Special tour packages and discount booklets available at authorized agents. Be Our Honoured Guest In 2006, come celebrate with us in a Grand Festival
      191 words
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      193 3 g|\p.-i.jHM PC^Bljg f Y v^fc.- lph Waldo Emerson '^-iE^EI B WORLD EXPERTISE WITH ASIAN INSIGHTS. "»a| Ranked as one of the top Universities in the world, nus Business School tH H| combines the wisdom of 20 countries with an Asian perspective. Our expert FACULTY PLACES STRONG EMPHASIS ON PRACTICAL RELEVANCE
      193 words
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  • COMPANY NEWS
    • Article
      Lock icon CapitaLand a major China player
      561 4  -  With projects worth $7.4b in various sectors, its earnings base is diversified By LESLIE YEE SINGAPORE developer Capita Land has emerged as one of the biggest foreign property players in China with some $7.4 billion worth of projects spread across different asset classes. What started
      561 words
    • Article
      Lock icon A positive deal for both UOB and OUE
      659 4  -  HOCK LOCK SIEW By LESLIE YEE THE proposed sale by United Overseas Bank (UOB) and its affiliates of a 55 per cent stake in hotel and property group Overseas Union Enterprise (OUE) to a 60:40 joint venture between Indonesia's Lippo Group and
      659 words
    • Article
      Lock icon UOB to sell 1% of UOL Group for $22.5m
      229 4 United Overseas Bank (UOB) said over the weekendthat it has agreed to sell more than 7.9 million shares, or one per cent, of UOL Group to CY Wee Company Private Limited for cash consideration of $22.49 million. The sale works out
      229 words
    • Article, Illustration
      Lock icon Hospitality honcho
      1523 5  -  Banyan Tree chief Ho Kwon Ping talks to LESLIE YEE about the risks and rewards of building a global brand name LESLIE YEE BUSINESS is like life, says Ho Kwon Ping "part intent, part accident". "I am not a hotelier by training," adds the executive chairman of Banyan
      FILE PHOTO  -  1,523 words
    • COMPANY BRIEFS
      • Article
        Lock icon RSH Ltd reports 6.7% fall in earnings
        112 5 SPORTS retailer RSH Ltd has posted a 6.7 per cent drop in net profit attributable to shareholders to $16 million, dragged down by rising staff costs and other operating expenses. Revenue for the 12 months ended March 31 jumped 31 per cent to
        112 words
      • Article
        Lock icon HK firm to invest US$48m in Autron
        70 5 AUTRON Corp said it has agreed to allow Hong Kong-listed North Asia Strategic Holdings to invest up to US$48 million in the company. This would consist of up to US$7 million in new Autron shares and US$41 million in convertible bonds. The total
        70 words
      • Article
        Lock icon OSIM sets up Aussie distribution unit
        38 5 OSIM International has incorporated a wholly owned subsidiary in Australia for the distribution, sale and marketing of its healthy lifestyle products. The OSIM group operates more than 1,000 outlets across the world.
        38 words
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      180 4 Terms Conditions: Prices stated are per person for a round trip on First or Business Class to Europe tor travel out of Singapore from 1 May '06. The return travel and hotel stay must be completed by 30 Oct '06 Bookings are to be made from 1 May-30 Jul '06
      180 words
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      1932 5 MANDATORY UNCONDITIONAL CASH OFFER by BNP Paribas Peregrine (Singapore) Ltd (Incorporated in Singapore) (Co. Reg. No: *****2035K) for and on behalf of Lippo Property Investment Pte. Limited (Incorporated in Singapore) (Co. Reg. No: *****6772E) for Overseas Union Enterprise Limited (Incorporated in Singapore) (Co. Reg. No: *****0050E) INTRODUCTION 5. PUT OPTION
      1,932 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market's much more sensitive and volatile
      593 6  -  STOCKS VEN SREENIVASAN Senior Correspondent IF ONK were a betting person, there are only two sure market bets for this week. First, expect a selldown on the stocks of Capita Land and Keppel Land. Second, expect the broader market to remain volatile, with a
      593 words
    • Article
      Lock icon Oil rebounds; nickel and rubber hit records
      302 6 COMMODITIES AFP [LONDON] The price of crude oil climbed back above US$7O per barrel last week, while star performers rubber and nickel hit historic peaks on rising demand from investment funds. The Commodities Research Bureau's index of 17 commodities stood at 345.82 points
      AFP  -  302 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1790 6 Consensus No.ol Forecast Mean Fri's Consensus No.of Forecast Mean Fri's recommendation esti- EPS PE target price recommendation esti- EPS PE target price Company name This wk Lastmth mates (cents) (ratio) price Company name This wk Last mth mates (cents) (ratio) price Advanced 1.00 1.00 3 5.98 10.53 1.06
      1,790 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1094 6 Payment Ex Books Pay Payment Ei Books Pay Payment Ex Books Pay —itft dost date JM date dose date lets) date daaa date Albedo Ltd 0 93 1S-Jun 2(Hun 30Jun GKGoh F 4.00 IQMay 164% 314% Shangri-la Alia F HK10 164% 1»4% (B-Jun Amara Hldgs b 0.50 09-Jun
      1,094 words
    • Article
      Lock icon Asian units mixed ahead of US data
      516 6 CURRENCIES AFP [HONG KONG] Asian currencies ended last week mixed against the dollar, with markets awaiting key US economic data for clues as to whether the Federal Reserve is likely to continue its cycle of interest rate hikes at its next meeting in
      AFP  -  516 words
    • Article, Illustration
      Lock icon The difference two weeks make
      1379 7  -  TEH HOOI LING Senior Correspondent W WHAT a turbulent two weeks it has been for the markets globally. In Singapore, the UOB Sesdaq Index has plunged 13.4 per cent while the Straits Times Index has lost 6.7 per cent. Selling was across the board, and
      1,379 words
    • Article, Illustration
      Lock icon 'Buy' shareholders, firms at post-Oct 01 weekly high
      982 7  -  INSIDE MARKETS By ROBERT HALILI THE director and substantial shareholder buying surged for the second straight week with record figures in three out of the four trade factors. A total of 56 shareholders of 52 firms recorded 105 acquisitions worth $43.8 million,
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      144 7 1 1 1% unable to wee net? nruaTXA von ANY m rum-He*, &ALLY&MALLBu&Ne66 cowefieee i>k4ilP t I He* troubles to ouve MF (/f fl j (MY WEB HO5l HAS "1 W/Vl Vv ***** l Q II li I I 1 BEEN POWN PQg PAVSL j 111'A'I LI IIFII Fl I
      144 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Citigroup's cash management sees good growth
      398 8  -  Big opportunities in Asia as companies become larger and more sophisticated By LESLIE YEE CITIGROUP reports strong growth in its cash management business in Asia Pacific and is bullish about growth prospects on the back of increasing demand from multinational corporations, Asian corporates, small
      398 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Wednesday deadline for Progress Package
        119 8 THE Ministry of Finance yesterday urged Singaporeans who have not signed up for their Progress Package to do so by this Wednesday. This deadline is for those who wish to sign up via the ATMs. Those who sign up after Wednesday will have to do
        119 words
      • Article
        Lock icon Coin set featuring orchids launched
        52 8 THE Monetary Authority of Singapore has launched the 2006 Heritage Orchids of Singapore Coin Set in a tribute to one of Singapore's national treasures. The Republic is one of Asean's top exporters of high quality orchid flowers, with about 15 per cent share of the
        52 words
    • Article, Illustration
      Lock icon Reuters hops back on growth path
      648 8  -  By WONG WEI KONG [SINGAPORE] A three-year programme of cost cutting and business transformation has put Reuters back on the growth path and the global financial information and news provider is investing again for the future, with Singapore an important part of the strategy.
      YEN MENG JIIN  -  648 words
    • Article
      Lock icon EVENTS LISTING
      162 8 DATE/ TIME EVENT VENUE 31 May PR Academy's 5th Annual Grand Copthorne 9am Conference on 'New Waterfront Hotel, Media': The New Frontier in Grand Ballroom, Communications And PR' Level 4 31 May ISEAS Seminar Delivering ISEAS, Seminar Room 10.30am Results in a Booming Rig II, 30 Heng Mui
      162 words
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      Lock icon Page 8 Advertisements Column 1
      306 8 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 fields. You will be trained by qualified and experienced professionals to be equipped with relevant I business intelligence
      306 words
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      2 8 P^MP^^^^HHE^^^HCSSiiKlw^ II
      2 words
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  • 11th WORLD HR CONGRESS
    • Article, Illustration
      Lock icon The art of balancing heart and mind
      1047 9  -  Approaching people management with both Eastern and Western values will put employers in good stead, reports CHEN HUIFEN CHEN HUIFEN fAnyone who has heard of Romance of r Ji the Three Kingdoms would have no Jf ll doubts about Zhuge Liang's wisdom. An
      Source: 'Sun Zi Bingfa: Selected and Applications' by Wee Chow-Hou; ARTHUR LEE  -  1,047 words
    • Article, Illustration
      Lock icon Trust, objectivity key to effective HR management
      631 9  -  By CHEN HUIFEN IN Mission Impossible 111, there was a scene where secret agent Ethan Hunt met his fiancee at the hospital before embarking on another mission to save the world. Not being able to explain the kind of work he is doing
      631 words
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      56 9 only body for standards human resource we the Human human any people are the Accrediting Professionals WP Accreditation H Singapore m shri Partner Sponsor Programme Partner Gold Sponsors Official Website Sponsor Knowledge Partner HOSted by Singapore Hlimafl ReSOUTCeS InStitllte I|W -<l www.hrcongress2oo6.com ft it VA/CWzzr- BHffl Jvtuy |Mcow JowlJlxoib creativeeworu
      56 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon WHO WILL SOAR?
      2173 10 THIS WEEK'S TOPIC Which teams will make an impact at this year's World Cup? And the big question: who will win? BRAZIL, Italy, Argentina and England are my favourite teams, and they have been making a great impact at all the World Cups. I believe they will
      AP  -  2,173 words
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      70 10 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
      70 words
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      135 11 At ÜBS Wealth Management, we understand that success is the product of design, not destiny. So, with the wisdom and resources of a global network we craft an investment portfolio together. We meticulously customize your portfolio to meet your needs and aspirations, harnessing the most advanced products and services in
      135 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Culinary surprises
      1190 12 San Marco at The Lighthouse Bth floor. The Fullerton, 1 Fullerton Square. Tel: 6438-4404 The summer menu will be available within the next week or two. ANY restaurant named for a famous landmark in Venice is likely to conjure up thoughts of the wonderfully fresh, traditional seafood that
      1,190 words
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      93 12 I ncmwriTMßtMMmlHß I I BREAKJNGNEWS I I I winwiiiUi '/ill i/j H a 'opo««d Th#i rut* could iwrtT«MMii%shta«MN B t •^i* l l ">'l Hi ■■■■■■■■■■■■■■[^^■■■■^■■■■IH^fiSS^H Nsw3Gc#6pho<iw I O S/WS "sphnews"to ***** I I A 0 You'll receive a cost-free SMS I I message with WAP link to SPH I
      93 words
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      27 12 mtL Citibank cardmembers enjoy 15% discount off total bill qSBBS) 581 Orchard Road Singapore *****3 Tel 6730 3393 Fax 6235 4140 Hilton Website www.singapore.hilton.com Email: harbourgrill.singapore@hilton.com Singapore
      27 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon MBA: A need or a want?
      706 13  -  SIM PING KHUAN finds out if paper qualifications are necessary to get ahead in business SIM PING KHUAN THE academic paper chase is on. Young Singaporeans in the business field today are looking at more ways to differentiate themselves from the rest of the
      706 words
    • Article, Illustration
      Lock icon PDA device for diabetics bags top prize
      828 13  -  CAMPUS LIFE NUS duo wins $10,000 cash award at the Philips Young Innovators Challenge with their invention, reports SWATI CHAUDHARY SWATI CHAUDHARY SEAH Yew Keng and Tan Ting Feng, both final-year students at the National University of Singapore (NUS), were the proud winners
      YEN MENG JIIN  -  828 words
    • Article
      Lock icon Be smart with your finances
      205 13 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      205 words
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      46 13 citibank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Bush insider may be next treasury chief
      465 14 Former commerce secretary Evans tipped for job after Wall St executives show no interest NYT [WASHINGTON] US President George Bush is.leaning toward having one of his oldest friends take over the treasury department after a fruitless effort thus far to woo a star
      NYT; BLOOMBERG  -  465 words
    • Article
      Lock icon Weak US$ may lead to tighter monetary policy
      395 14 Globalisation may force recalibration of policy: official Reuters [SANTA CRUZ, California] Depreciation in the US currency could increase the need for tighter Federal Reserve monetary policy, San Francisco Federal Reserve president Janet Yellen said on Saturday. The Fed is watching the US
      Reuters  -  395 words
    • Article
      Lock icon China pushes for FTA with South Korea
      197 14 AFP [SEOUL] China has called for a free trade agreement (FTA) with South Korea to help boost burgeoning trade and investment between the two countries, officials said on Saturday. The suggestion came as Chinese Commerce Minister Bo Xilai met his South Korean counterpart
      AFP  -  197 words
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      1268 14 MOSCOW NARODNY BANK LIMITED HNB Head Office 81 King William Street, London, EC4N 7BG. Singapore Branch 50 Robinson Road, MNB Building, Singapore *****2. Representative Offices in Beijing and Moscow t CONSOLIDATED BALANCE SHEET CONSOLIDATED INCOME STATEMENT AT 31 ST DECEMBER 2005 FOR THE YEAR ENDED 31 DECEMBER 2005 2005 2004
      1,268 words
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      418 14 KEPPEL TELECOMMUNICATIONS TRANSPORTATION LTD Co. Rog No. *****0115G (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES The under-mentioned share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Liew Chee Kong *****3 to *****7 5 1,000 Notice is also hereby given that new share
      418 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Tenaga's problem of too much power
      633 15  -  MALAYSIA INSIGHT It's time power producers agreed to shoulder some of the utility's financial burden S JAYASANKARAN KL Correspondent ALAYSIAN stateII Mm owned power util--1 v Mm ity Tenaga NaI W M I sional finally got m M S its tariff hike aljkm m
      633 words
    • Article
      Lock icon M'sia eases visa rules to woo Indians, Chinese
      194 15 They can now get multiple entry, one-year visas AP [KUALA LUMPUR] Chinese and Indian nationals can now enter Malaysia on a multiple-entry, one-year visa instead of the current single-entry, three-week visas as part of efforts to increase the number of tourists, the
      AP  -  194 words
    • Article
      Lock icon 50,000 flee homes in East Timor
      143 15 AFP [SYDNEY] The violence in East Timor has forced up to 50,000 people to flee their homes, the Australian Red Cross (ARC) said yesterday. The displaced people were living rough and needed food, tents and oth- ef relief items, the ARC said in a
      AFP  -  143 words
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      985 15 East Gate EASTGATE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****5519R) NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF EASTGATE TECHNOLOGY LIMITED (the "COMPANY") THIS IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE ATTENTION.
      985 words
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      1348 15 y KOREA'S LEADING BANK KOREA EXCHANGE BANK (INCORPORATED IN THE REPUBLIC OF KOREA) 31 December 2005 Nm-Cmh(MM Balance Sheets Non-Consolidated Statements Of Income December 31,2005 and 2004 Yeas ended December 31. 2005 and 2004 On millions of Won, except share data) (In millions of Won) MB —SSL. m— c m
      1,348 words
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  • GREATER CHINA
    • Article
      Lock icon CVC buys 30% of China firm for 5b yuan
      449 16 Purchase will be largest private equity acquisition in China: report [HONG KONG] CVC Asia Pacific, a private equity company owned by Citigroup and London-based buyout group CVC Capital, will pay five billion yuan (*****.7 million) for a 30 per cent stake
      449 words
    • Article
      Lock icon AIG unit gets nod to provide group cover
      326 16 Reuters [NEW YORK] An American International Group Inc unit has received approval to provide group insurance throughout China, as the world's largest insurer makes a push to boost its business in the world's most populous nation, the company said on Friday. Earlier
      Reuters  -  326 words
    • Article, Illustration
      Lock icon Macau could be raking in more than Las Vegas
      477 16 Analyst: despite under-reporting, US$5.6b earned AP [STATELINE, Nevada] Macau has been described as Asia's Las Vegas, but a researcher says that in terms of casino revenue the former Portuguese colony's clubs may have eclipsed Las Vegas Strip's earnings. Merrill Lynch casino
      AP  -  477 words
    • Article
      Lock icon China to open futures markets to institutions, foreigners
      257 16 Reuters [SHANGHAI] China plans to open its futures markets to financial institutions and foreign investors while making it easier for domestic firms to hedge in overseas futures markets, government officials said yesterday. Trading on China's futures exchanges is basically restricted to domestic
      Reuters  -  257 words
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      249 16 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 'French Provence' style Bungalow
      249 words
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      70 16 Lianhe Zaobao I Innovalues I I Precision I I in China I I I I I 9 >; >'C'/A S i% 4Parting company? Make it known. Call 1800 289 8822 or email notiees@sph.eom.sg to book your corporate notice in our newspapers now. notices f Sizzling Rock 51 51A Boat Quay,
      70 words
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      30 16 Wiener Kaffeehaus 148 Neil Road (near Outram Park MRT), Tel: 6226 3148 'HitrnKMrna 0 kill (valid for dine-in only) On/y when you charge to your Diners Club Card. T&C Apply.
      30 words
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  • INDIA
    • Article
      Lock icon Shareholders aim to block Arcelor merger plan
      421 17 They claim they are being forced into agreeing to 13b euro deal [LONDON] Shareholders in steelmaker Arcelor are attempting to block its plans for a 13 billion euro (5526.2 billion) merger with Russia's Severstal, claiming that they are being forced into agreeing to
      421 words
    • Article, Illustration
      Lock icon Indian bid raises concerns in Champagne
      647 17 AFP [REIMS, France] A bid by India's United Breweries to take over French champagne group Taittinger has sparked concern among wine professionals in the company's home in northern France. Welcomed by some as a chance to get a foothold in the Indian market, the
      AFP; BLOOMBERG  -  647 words
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      1785 17 €0 NOTICES X JL JL JLj Toll free: 1800-289-8822 Email: notices@sph.com.sq BUY IT-SELL IT -FIND IT llw HSBC Private Bank (Suisse) SA Annual Results for 2005 j| j i rt* i&• ,'*«%>■ v%tn.xh"- :4k- v»b orAttl* KP^ Balance Sheet Statement of Income (In CHF thousands) (In CHF thousands) a? at
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      3988 18 jgmgk m? NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT -SELL IT -FIND IT 1 Ban k of America^^^ CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME (US Dollar amounts in Millions) (US Dollar amounts in Millions) December 31 December 31 2005 2004 2006 2004 S Aaaate interest Income Cash and
      3,988 words
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      303 18 AND IN THE MATTER OF S.I.S PACIFIC PTE LTD CO REG N0.*****0426Z (IN MEMBERS' VOLUNTARY LIQUIDATION) At the Extraordinary General Meeting of the abovenamed Company held on 26 May 2006 at 10.00 a m. at Level 7 486 Albeit Street East Melbourne VIC 3002 Australia the following resolutions were duly
      303 words
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      448 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Al FRAME SINGAPORE PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0962 M NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 23-1 Chinowari, Jinnoshindencho, Toyohashi City, Aichi *****77, Japan on
      448 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Stocks up but worries linger
      811 19  -  WALL STREET INSIGHT All eyes are on May unemployment report and FOMC meeting minutes due this week By ANDREW MARKS in New York jhk mm ALL Street was H II m heartened by the S m M m three consecutive B V m days of
      811 words
    • Article
      Lock icon US companies find they have too much money in the bank
      339 19 AP [NEW YORK] Imagine the dilemma of having so much cash in your bank account that you didn't know what to do with it. This is of course a pipe dream for the average American, but is now reality
      AP  -  339 words
    • Article, Illustration
      Lock icon Markets face soccer fever woes
      470 19 AP [SINGAPORE] The approaching World Cup finals are stirring mutterings among some dealers and strategists about the potential negative impact the tournament could have on Asian markets. Unlike four years ago when the World Cup was held in Japan and South Korea, matches will not
      AP; FILE PHOTO  -  470 words
    • Article
      Lock icon STOCKS ASIA
      3225 19 Transaction date: May 26 For a full listing of the closing prices, log on to BT Online at http://business-times.asia1.com.sg after 11.30pm every trading day HONGKONG vol Dream ,ntl 0.37 unch ise HKS '000 Dynamic Global .0.04 unch 0 Easyknit ....0.13 unch 2056 Aeon Credit 6.30 unch 0 EcoTek
      3,225 words
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      Lock icon DP World to revamp operations
      501 19  -  It will set up new business structure, creating 7 regions By CLARENCE MICHAEL in Dubai THE world's third biggest ports operator, Dubai Ports World, late last week announced a major restructuring of its operations, after the government itself announced plans to bring its investments of
      FILE PHOTO  -  501 words
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  • AVIATION
    • Article
      Lock icon Assam welcomes tourism proposal
      218 20 AFP IGUWAHATII India's rebel-hit north-east Assam state has welcomed a proposal by a private Thai airline to build an airport and resorts for a new Asian safari destination, the chief minister said yesterday. "Bangkok Airways is interested to build an airport and set up other tourism
      AFP  -  218 words
    • Article
      Lock icon Bankruptcy court to mediate Delta wage cut row
      428 20 AP [ATLANTA] Delta Air Lines Inc's quest for another round of wage cuts from its pilots has hit some turbulence in an unlikely place the bankruptcy court. The court is often a friend to the debtor, helping it wipe away obligations and
      AP  -  428 words
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      Lock icon Continental enters ranks of top 5 US carriers
      335 20 It takes the spot of Northwest Airlines in first change since 2001 Bloomberg [DALLAS] Continental Airlines Inc has passed bankrupt Northwest Airlines Corp to become the fourthlargest US carrier, the first change in the top 5 rankings since 2001. Southwest Airlines Co,
      Bloomberg; AP  -  335 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2208 20 ott man ha wan rro ***** 0715 kbm 0925 <859 0805 AM81 162S HhilHntl S0455 1135 1520 S Q 406 1855 AdalaMa LH9771 1750 LH9770 2345 SQ141 1145 SQ142 0935 SQ230 1750 5Q229 2345 H" 43 535 5Q146 640 AnrtarrianL***** 0630 AZ3993 2255 'f* GA841 1755
      2,208 words
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      882 20 0 FIRST COMMERCIAL BANK CO., LTD (Incorporated with limited liability in Taipei, Taiwan, R.0.C.) BALANCE SHEET STATEMENT OF INCOME as of December 31,2005 and 2004 for the years ended December 31,2005 and 2004 2005 2004 2005 2004 TWD532.8600 US$l.OO) TWDS,OOO TWDS,OOO (except for samings per share) Assets Operating income Cash
      882 words
  • Page 20 Miscellaneous
    • Miscellaneous
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      359 20 CRYPTIC CROSSWORD 1 Act of getting professional treatment taking fellows time (11) ■Hg| I I 9 Trunk with nothing left inside to be put outside (4) 110 I I j^H 10 President coherent in speech or 11 Some see Saul as a 14 Old artefact in hotel given spe--16 Piece
      359 words
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  • SHIPPING
    • Article
      Lock icon Vietnam – rising star of shipbuilding
      887 21 Vietnam rising star of shipbuilding Germanischer Lloyd's nonstop magazine VIETNAM is seeking to move into the group of leading shipbuilding nations. With its 3,250 kilometres of coastline, good spots for building deep-wa-ter seaports, large resources of cheap and often welltrained labour, and nearly fully booked yards in China, it is
      Germanischer Lloyd's nonstop magazine  -  887 words
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      1124 21 ,h sj» *.<& I i r af i.(n f,,' C.H y ,*4 Financial Report 2005 Consolidated Balance Sheet at 31 December 2005 Consolidated Income Statement 2005 CHF million 2005 2004 CHF million 2005 2004 2003 Assets Continuing Operations Cash and balances with central banks 5,359 6,036 Interest income 59.2 M
      1,124 words
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      1772 21 BANKMANDIR^ CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENTS OF December 31,2005 and 2004 PROFIT AND LOSS I Years ended December 31,2005 and 2004 (Amounts in millions of Rupiah, except otherwise stated) ASSETS 2005 2004 (Amounts in millions of Rupiah, except otherwise stated) 2006 2004 Cash 2,522,764 2,439,465 r Current Accounts with Bank
      1,772 words
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  • Article
    Lock icon SINGAPORE STOCKS
    12977 22 STRAITS TIMES INDEX STOCKS stock name Wt Close Change Stock name Wt Close Change Stock name Wt dose Change AHgreen 50c 0.30 1.320 +0.050 HyfluxSc 0.38 2.420 +0.030 STEngglOc 1.79 2.850 +0.010 Ascendasreit 1.05 2.070 +0.030 J JMH US25c 400 3.13 17 800 0 600 STATSChP25c 0.93 1.090
    12,977 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6583 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cm In 5$ la USS dy \dy Syr hity %yr May 2* Index Ourvqe Change Change Change Change Chug* Work) Index Preliminary 9940 17 25 11 08 09 5.9 8 {AK PKHimmaiy 9999 2 0 2 7 16 4.4 1.4 9.6
    6,583 words
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      1266 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/SAV/NOL YOU YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE KUBMJL SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA Destination PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT STXPOTBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
      1,266 words
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      655 24 pQ DONGNAMA LINE r niiTiininißn ■■■liif vessel (every sun) voy fsw hkg ROTA HAMAH HIA23S 04/ M 00/06 ROTA HARMUNI HN1299 11/0* 15/06 ROTA HASH. HAS42S U/06 22/06 VESSEL (EVERY SUN) VOY SGP HKG TRY YOR ROK MOL6UMY ***** 04/06 01/06 12/06 11/06 IS/06 MOtUKRTY ***** 11/06 15/06 If/06 20/06
      655 words
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      701 24 ItNTIRASIA RORO SERVICE ygsa/vor iammd hbgwiw kg km m I aw In" STRAITS VEhTURE 09/06 IS 3.2 25/05 28/05 01/06 04/06 06/06 STRAITS VEMTU*E 10/06 IS 3.2 01/06 11/06 1 5/06 11/06 20/06 STRAITS VBfIIIRE 11/06 15 3.2 22/06 25/06 29/06 02/07 04/07 resa/wffrmrhrtT icghtw _io m syp m mm
      701 words
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      2447 25 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R W\WAN HAI LINES 200 Y V WWI Imi blllht/ Fid 1H: (03)*****111 MX: (03) *****201 FBI IB: «M) *****00 MX: |04)22«Mf JOHIEL(O7) 251W73 ML (07)25)«2I SIR (031) 32*5475 ML (031) 32*2714/ 32*1305 WWW wanhai com SO KTIH:(O2I)S2S4IMMX;(O2I)S2S47MPU>ra:7I43IO/7IUII MX: *****9 »1H:<061)*****13Ml:(tttl) *****25/*****W I'vtssa
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      21 25 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      21 words
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      800 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS VKSa VOY SH PJUAN6 COtOMDO N.SWVA COIOMOO KOTA PttttMA YPMO37 73 MAY 25-MAY 27 MAY 30 MAY 07 JUN HftrtAMtnto —ims—miM IDttfBWIIA YWMS OS inn m Jim wjum i? ium isjun WDHA SANDHI OID4W 12 JUM
      800 words
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      1073 26 HNordana (Asia) Pte Ltd BESSEE! 7 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Singapore Fremwtk C(xos Islwkl CWisfws Itkwd Patir Gedoxi JMizm m JS 1 2iMm JIM OS Jun 1E605 07Jun IZJiin 26JjiD ZLJiID OiJul Island Express 1E606 08Jul |BJul
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      1155 26 Srfil: k —gfe— jw —swi)«w |j® i!s! wSSm iiii B'm 81m w 2301 I I Fit mi I ihi I is/61 mu Ski I »V -ffifeir TTf^^ B =j Pjp i hbb™ —m E -fg-IK, |a«n I mbS£ if nSr ll^ —ffiiMiMM m jjjj ?g g jag WAKWI 6tltW itj
      1,155 words
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7493 27 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone S" O**"" Number Number SIN Desfn Name Nam* Number Number 07/08 17/08 Nordana ISLAND EXPRESS IE607 *****907 To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/06 17/07 China Shpq HELEC0NIA 266W 6S*****8 t_
      7,493 words
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  • BizIT
    • Article, Illustration
      Lock icon Symantec ups the ante with integrated storage solution
      853 28  -  Greater challenge in the near term could come from Microsoft, learns AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY ft I*,'1*,'—w AGFR to show that its acquisittion of rival Veritas has made it stronger, storage major Symantec has brought to Singapore an integrated solution
      853 words
    • Article
      Lock icon Comprehensive range of critical technologies
      227 28  -  By AMIT ROY CHOUDHURY SYMANTEC latest offering, Symantec Data Center Foundation, is an integrated suite of storage software from the Veritas stable of products. Data Center Foundation incorporates Veritas NetBackup, Veritas Storage Foundation, Veritas Server Foundation and Veritas 13 application performance management suit of storage
      227 words
    • <whats' new>
      • Article
        Lock icon Asus's monitor with built-in camera
        74 28 TAIWANESE computer components maker Asus Technology has launched the PW2OI, a 20-inch widescreen monitor with a built-in 1.3 megapixel Web camera. The new display features an 800:1 contrast ratio and comes with a pair of built-in stereo speakers. Boasting a high resolution of 1680 x
        74 words
      • Article, Illustration
        Lock icon Sony Ericsson unveils budget camera phone
        81 28 SONY Ericsson has introduced the Ksloi, a tri-band handset equipped with a 1.3 megapixel camera. The phone's camera comes with a shutter button and is capable of delivering 4x optical zoom. In addition, through the use of an optional flash module, it promises quality
        81 words
      • Article
        Lock icon Belkin launches high-speed router
        98 28 NETWORKING equipment maker Belkin has unveiled the Nl, a new wireless router based on the draft 802.1 In specification. By incorporating the latest standard as well as MIMO (Multiple Input Multiple Output) technology, the product promises increased speeds of up to 300 Mbps and as well
        98 words
      • Article
        Lock icon LG whets the appetite with new 'Chocolate'
        86 28 KOREAN consumer electronics giant LG has announced the availability of its much-anticipated Chocolate handset in Singapore. The new offering incorporates a minimalist design which is reflected in the phone's hidden LCD display, camera and touchpad. With a thickness of 15 mm, the sleek
        86 words
      • Article
        Lock icon New unified threat management tools
        97 28  -  Compiled by WINSTON CHAI WATCHGUARD Technologies has launched its new e-series unified threat management appliances promising enhanced performance and improved security features. The new range, made up of the company's Firebox X Core and Peak-branded products, offers more ports and enhanced firewall and VPN (virtual
        97 words
    • Article
      Lock icon HP says it won't undercut prices to gain share
      656 29 Bloomberg [SINGAPORE] HewlettPackard Co, the world's second-largest personal computer seller, won't undercut prices of rivals such as Dell Inc to gain market share in Asia, according to its new regional managing director. "You rent market share when you compete on price,"
      Bloomberg  -  656 words
    • <what's up>
      • Article
        Lock icon Republic Poly goes wireless with Cisco
        91 29 REPUBLIC Polytechnic has chosen to deploy a host of networking solutions from Cisco Systems to realise its vision of becoming a wireless learning hub. The new wireless network is part of a $3.6 million contract that has been awarded to Cisco's local partner Singapore
        91 words
      • Article
        Lock icon Microsoft opens Innovation Centre
        75 29 Microsoft has opened a new software innovation centre located at its office at One Marina Boulevard. The local facility is one of Microsoft's 60 such centres worldwide and is aimed at providing software development support to schools, governments and businesses. Through the centre, Microsoft and its
        75 words
      • Article
        Lock icon Tele Choice boosts management team
        60 29 TELECOMMUNICATIONS solutions provider Tele Choice International has appointed Andrew Loh as its new group deputy president. With the appointment, which takes effect from June 1, Mr Loh will spearhead the company's overall operations and plans for regional expansion. Prior to joining Tele Choice, he was
        60 words
      • Article
        Lock icon Nortel to host security seminar NORTEL Networks will be
        60 29  -  Compiled by WINSTON CHAI holding its "Secure Always-on Networking" seminar at Hotel Intercontinental on June 6. The event will feature presentations from Nortel experts on topics such as how to prevent and isolate network attacks as well as tips to increase
        60 words
    • Article, Illustration
      Lock icon Philips to sharpen Asian focus
      437 29  -  Building on its edge in product customisation, Philips sees the region accounting for a third of its global sales, reports WINSTON CHAI WINSTON CHAI EUROPEAN electronics giant Philips will increasingly tailor products to suit the nuances of regional consumers in an attempt to reach previ-ously-untapped
      437 words
    • Article
      Lock icon Neustar sees low churn rates with number portability
      512 28  -  By ROLAND LIM TELECOM operators often argue against implementing number portability, which would allow phone users to keep their original numbers when they switch operators. They say this sharply increases the number of people making the switch, known in the industry as
      512 words
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      272 28 p. 1 f v v &lt;■ Ml M N I t N 09 v s MM Mr i &gt; &lt; ':&gt; V v v M •:•&lt;• if/Wilt M.lfc &gt; IIiIMWBMjMPWI ,v....... o.* v &lt;■ &gt;• x •»&gt;.« v.; 1 &lt; ti.- -v' *+\-s.» v ys s v* &gt; *-c"f^-jsgsnu:mpgwuw*fe3wp»pgii»s^^ 5
      272 words
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      94 29 Get Results With Oracle Applications iw »»mm -■■.""•ir 1 "30% increase in plant capacity" j (IR) ingersollfland 1 V r "J I f r f- 4 t Jk, mm. W" t r T 3 *r% "$lO4 million in savings" I PHILIPS fg LG.PHILIPS LCD pa 5 x .&lt;• 1 i
      94 words
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      53 30 p H y~jj| H^Pf^^B^BßjM lBiwß'&gt;■Htt^DH■#*l^W^W~* 1 i ■■EmmIHPLjFColours Hotels j^^EßHD£sl|^|l^t Wh y y° U IHV6St in US* K V Kfl Eg Award-winning brands Banyan Tree and Angsana Strong financial track record •Complementary product offerings and integrated Proven and experienced business model enhance resilience management team lI^^KI(^IH^^^mBN^IIHH!IIH Strong operating performance for
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