The Business Times, 1 June 2006

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Total Pages: 34
1 34 The Business Times
  • 15 1 THE BUSINESS TIMES Thursday, June 1,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006
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  • 715 1  -  Project to rival S'pore may go to Petronas and Seaport Terminal By S JAYASANKARAN in Kuala Lumpur MALAYSIA may this week resolve a tussle about the ownership of development rights to a 100-acre (0.4 sq km) reclaimed island in southern Malaysia that
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  • 527 1  -  By ARTHUR SIM [SINGAPORE] The Singapore property market is preparing for a triple whammy this month as events converge to draw interest away from showflats. June is traditionally a slower month for property sales owing to the school holidays and more recently,
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  • 135 1 STI 2,383.87 (-57.67) ST INDEX FUTURES 2,389.00 (-53.00) siMsa 282.93 (-7.06) SIMSa FUTURES ***** (-5.40) MARKETS Wednesday Change KLSE COMP 927.78 -2.11 NIKKEI 225 15,467.33 -392.12 HANG SENG Closed SET INDEX 709.43 -4.53 JAKARTA COMP 1,330.00 -36.17 MANILA COMP 2,296.11 -3.97 SEOUL COMP Closed SHENZHEN B 301.51 -4.16
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  • 268 1  -  Photographers on hand to make it a memorable evening By PARVATHI NAYAR [SINGAPORE] Visitors to tonight's opening of the Singapore Arts Festival will be treated to a paparazzi-style welcome, courtesy of an initiativp hv thfi National Arts Council and The Business Times.
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  • Page 1 Advertisements

  • TOP STORIES
    • 869 2  -  But nine new share offers plough back $7.2b into market capitalisation By SIOW LI SEN [SINGAPORE] For punters, May will go down in memory as one of the more traumatic months for the Singapore stock market, with $32.8 billion in market capitalisation flushed
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    • 398 2 8-9% return expected for S'pore stocks MARKETS may remain volatile but the fundamental picture remains supportive of equities and the Singapore market is expected to return close to 10 per cent, according to fund manager Prudential Asset Management. COMPANY NEWS, PG 4 OCBC sets aside $500 m for
      398 words
    • 555 3  - S'pore to start highdefinition TV trials this month HD broadcasts of World Cup being offerred to 1,000 StarHub subscribers By WINSTON CHAI [SINGAPORE] Millions of Singaporeans will be glued to their TV screens as World Cup soccer mania hits fever pitch next week. But some 1,000 local households will get
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    • 330 3 [SINGAPORE] Uniquely Singapore bagged its first win in the Clipper Round the World Yacht Race on Tuesday. Race 8 from Victoria to Panama saw the Singapore boat crossing the shortened finish line at 1353 GMT on Tuesday. Uniquely Singapore finished just
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    • 211 3 THE brightest stars of the coming World Cup soccer tournament came together for this photo shoot. The likes of Zinedine Zidane, David Beckham and Asia's own S Nakamura were among 36 soccer stars from different parts of the world who feature in
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  • Page 2 Advertisements
    • 155 2 people HR's secret weapon. www.thepeopleatwork.com Asia-Pacific Executive Search BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. gir MM& r#.ii4.v*Rfefcv: < I. It's the world's most awarded t
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  • Page 3 Advertisements
    • 151 3 |:l 11 |K"M 11 I ill /w JL, I| I f 1111 If SM. .Jr 'j^M ■KM JftyaHillr fflwWWlsfy- J > nA 51 '-^MlF^y i i^i::&t g$ JPJ If r Y i^ggp i VH& fl m fl PgM |pr fly r —~^H W m I^H 0| Dine Out In Style
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  • COMPANY NEWS
    • 569 4  - 8-9% return expected for S 'pore stocks Prudential Asset says economic, corporate factors haven't changed By WONG WEI KONG MARKETS may remain volatile but the fundamental picture remains supportive of equities and the Singapore market is expected to return close to 10 per cent, according to fund manager Prudential Asset
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    • 243 4  -  By LESLIE YEE OCBC Bank said yesterday that it will start its third $500 million share buy-back programme once the second programme is completed. The bank said that the second programme, which started on July 5 last year, is close to
      243 words
    • 137 4 SINGAPORE'S first Chinese freesheet hits the streets today. Called My Paper, it is designed for bilingual, young adults aged between 20 and 40 who have been exposed to Western and Chinese cultures. Published by media group Singapore Press Holdings, it also allows readers to
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    • 229 4  -  By OH BOON PING COSCO Corp (Singapore) said its 51 per cent-owned subsidiary, Cosco Shipyard Group, has won four contracts totalling U*****.7 million. The contracts include two' integrated tugs and barge new buildings (US$59 million), a conversion of oil tanker to submersible heavy lift
      FILE PHOTO  -  229 words
    • 754 4  -  HOCK LOCK SIEW By LESLIE YEE BANKING is a long term business and bankers do not appear to place too much weight on quarterly financial reporting. Indeed, Wee Ee Cheong, chairman of the Association of Banks in Singapore, has said half yearly financial
      FILE PHOTO  -  754 words
    • 304 4  -  By KRITI SINGH DBS Vickers Online yesterday launched its online trading platform, DBSVOClarity (Clarity). Described as an "online decision-support tool" providing comprehensive, real-time stock market information, DBS expects the platform to garner about $3-5 million in gross commission by year end. According to
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    • 419 4  -  Net proceeds of up to $20.08m to be raised By WONG WEI KONG MOBILE phone after-mar-ket services provider Accord Customer Care Solutions (ACCS) has finally secured underwriting for the major part of its proposed rights issue. The company said yesterday that it has entered
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    • 646 5 But it may fall short of 10b baht annual profit it needs as economy slows By OUR CORRESPONDENT in Bangkok THAI Military Bank (TMB), in which Singapore's DBS Group has a stake, yesterday said it hopes to be able
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    • 291 5  -  By OH BOON PING THANKS to a gain from the sale of its video security business, Multi Vision Intelligent Surveillance yesterday reported earnings of HK5199.1 million (5540.5 million), from a restated HK$3O.B million previously, for the year ended March 31, 2006. While
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    • 333 5  -  By SWATI CHAUDHARY ASIA Tiger Group, a Chinabased company whose main business is the manufacturing and sales of office equipment, yesterday reported a 26.5 per cent rise in net profit to 25.36 million yuan (Sss million) for its full year ended March
      333 words
    • COMPANY BRIEFS
      • 28 5 SINO-Environment Technology yesterday said its first-quarter net profit and turnover more than trebled to 23.9 million yuan (554.7 million) and 44.7 million yuan respectively.
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      • 60 5 TEMASEK Holdings has invested 12 billion yen (Ssl69 million) in eMobile. a Japanese mobile broadband firm, for an equity stake of around 7 per cent, making it the third largest shareholder of the company after eAccess and Goldman Sachs. Temasek was the lead investor
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      • 33 5 KEPPEL Shipyard Ltd has won a contract for the conversion of a tanker to a floating production storage offloading facility (FPSO) from Maersk Contractors for about $96 million.
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      • 46 5 INTERNATIONAL Capital Investment said it has entered into a heads of agreement with Oei Hong Leong Foundation, Canrise International, Shandong Coking and Zaozhuang Zhenxing Coking on the proposed restructuring of the company with a view to resuming trading of shares.
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      • 33 5 SINGAPORE Exchange is inviting public comments on Phase Two of the proposed changes to the SGX Derivatives Trading Rulebook, part of a review of the entire rulebook.
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  • SINGAPORE MARKETS
    • 538 6  -  STOCKS Decline in US consumer confidence takes toll on Singapore and Asian markets TEH HOOI LING Senior Correspondent SINGAPORE stocks, along with almost all their Asian counterparts, fell sharply yesterday on news of sagging consumer confidence in the United States. After witnessing the rush for
      Source: Bloomberg  -  538 words
    • 1020 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (bisdosures made on May 31 and earlier) Subsantial No of Prite SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr ('000) ('000) LafeTech 31-May-06 The Grande Grp Buy 1613 na ***** 5.85 ***** 6.01 PNEInd 30-May-06 Tan Kong
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    • Article, Illustration
      888 6  -  Compiled by UMA SHANKARI ST Engineering May 31 dose: $2J3 CITIGROUP RESEARCH, May 30 THE 14 per cent decline of ST Engineering's (ST Engg) share price over the past six weeks appears excessive, providing an opportunity to accumulate the stock. Fundamentally,- nothing has changed for the group: the
      Source: Bloomberg  -  888 words
    • 525 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar got precious little lift from overnight news that a Wall Street luminary would be the new US Treasury Secretary, but more vulnerable emerging market assets suffered again after a fresh slide on Wall Street overnight
      Source: Reuters  -  525 words

  • STOCK FOCUS
    • 1024 7  -  Technics' 260% price gain in under six months has been unnoticed, says R SIVANITHY R SIVANITHY Perhaps the most remarkable thing about Sesdaqlisted Technics Oil Gas Ltd is not that the company is now reaping the benefits of a long-term expansion strategy that was
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  • Page 7 Advertisements
    • 97 7 Yy\ I I>^ f i s I I jUi^ r r LdBPHPT I I I I 4 I v -i ami L_— I i k i i s. '.«K l:1 M 1 ft' «*s£*»' M* 1* m s .mHMMM nil ft. *11 Since 1856, we have focused on bringing new
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  • SINGAPORE INTERNATIONAL
    • 1641 8 IE Singapore helps firms build their strengths in Competency, Connections and Capital IT is no great surprise that venturing overseas is the main growth strategy for Singapore companies big and small. They have little choice, given the size of the domestic market.
      1,641 words
    • 693 8 YOU can have the best product but if nobody knows you or has the slightest interest in your product, you still cannot break into any market. Gn Chiang Yam, managing director of Hart Technologies Pte Ltd, knows this only too well, having grappled
      693 words
  • Page 8 Advertisements
    • 62 8 Opportunity to network and explore potential business collaboration with fellow participants. jSjPlease visit www.iesingapore.com/openhouse to register 180CMESTOHI (local toll-free) for more information. Sign up today! Admission is FREE! You are invited to IE SINGAPORE OPEN HOUSE 14-15 June 2006 Organised by Supported by ja in si« S) I CTTASME Wkf/
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    • 52 8 You may contact HE Singapore at rwt M|t *r Samlet) Centre: 18MMESPQRE (kocai tott-free) Fax:+6s 6337 6898 lihfcfhni 3r -PHPHpSIIV*' I if* wmnw Imiwymmn MimftoiilHiUii 13 ssrr THE BUSINESS TIMES SINGAPORE Singapore M llwppo w and Tht lurttw Vmm. W Ilnjaporiifcaw Miiu CLkAMMIM lyWKf unovf ww mwWvj C7T irlwVwfKMwy MpOft
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  • SINGAPORE NEWS
    • 611 9  -  Sands will have 3 to 5 main contractors who will farm out work to local firms By CONRAD TAN THE eyes of construction company executives are now turning hungrily to the contracts expected to pour forth from Sands' $5 billion Marina Bay Sands integrated
      YEN MENG JIIN  -  611 words
    • 308 9  -  By LESLIE YEE BANK lending in Singapore to non-bank customers inched up by 0.4 per cent in April from March to $183.3 billion, according to the latest preliminary numbers released by the Monetary Authority of Singapore. The April rise in bank lending
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    • 383 9  -  By SIOW LI SEN FONG Cheng Hong has quit as head of DBS Bank group research to become a private banker with Citigroup. Dr Fong, who has had 13 years of experience as an economist advising clients and who joined DBS
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    • 220 9 THE Subordinate Courts has promoted five of its judicial officers to district judge from today. The five, four of whom are women, bring the total number of district judges to 61. There are in addition 10 magistrates in the Subcourts. The new district judges
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    • 280 9 NUMBER CLOSNG GROSS maturity year raised coupon amount INTEREST Of DAYS Of r msy ISNCDOE fjATt RAJt (Vri) PAYMENT ACCRUED (XQUDiNG YIELD DATES INTEREST ACCRUED NTIREST) (%fxa) 01.08.2006 N*****1F 2004 1 3/8 2600.00 1/2 1/8 119 99.78 2.65 SG********** 01
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    • 432 9  -  Govt announces higher mid-year bonus next month By ANNA TEO THERE is a good chance that the civil service bonus this year will top last year's payout of 2.15 months plus $200. The government yesterday announced that civil servants will get a
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    • SINGAPORE ROUNDUP
      • 57 9 DBS and POSB yesterday announced that customers will now be able to contribute to the Red Cross Indonesia Disaster Relief fund at the banks' ATMs islandwide. Internet-banking users can also donate funds using DBS ißanking services. The fund is intended to help victims of the
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      • 49 9 LIM Hng Kiang, Minister for Trade and Industry, yesterday became deputy chairman of the Monetary Authority of Singapore (MAS). He takes over from Tharman Shanmugaratnam, Minister for Education and Second Minister for Finance. Mr Lim will serve as deputy chairman for two years.
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      • 82 9 Visa f CAAS sponsor shopping festival THE Visa credit card system and the Civil Aviation Authority of Singapore (CAAS) are sponsoring a six-month-long shopping festival which will run at Changi International Airport Terminals 1 and 2 until Oct 14. In conjunction with Changi Airport's 25th anniversary, the festival is designed
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    • 276 9 AFP RULES governing the use of the Interriet to express political views during elections will remain to avoid "undesirable situations" when false information is posted for personal gains, the government said yesterday. "Anyone, anywhere can blog anything, anyhow. We have adopted
      AFP  -  276 words
  • Page 9 Advertisements
    • 24 9 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. NOTICES B
      24 words
    • 696 9 >at^ 3 NOTICES In the Motif of The Companies Act Cop. 50 and In the Matter of KIMERK ENGINEERING PTE LTD Company Registration No. *****092 3K (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 15 Tuas South Street 5, Singapore
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  • ECONOMY WATCH
    • 604 10 He's likely to let dollar fall while pledging strong currency: analysts Bloomberg [WASHINGTON] Goldman Sachs Group Inc's Henry Paulson, nominated as US Treasury Secretary, will maintain the Bush administration's practice of letting the dollar fall while pledging its commitment to a strong currency, analysts
      Bloomberg; REUTERS  -  604 words
    • 206 10 AFP [NEW DELHI] The Indian economy recorded growth of 8.4 per cent in the 2005-06 year, beating previous estimates of 8.1 per cent after a record performance in the fourth quarter, the government said yesterday. In the last quarter of the
      AFP  -  206 words
    • 344 10 Bloomberg [BEIJING] China's central bank said it will start withdrawing from the country's currency market, allowing investors a greater role in setting exchange rates. The People's Bank of China sets daily reference rates for trading around which its currency is allowed to
      Bloomberg  -  344 words
    • 5732 10 UNIT TRUSTS FUNDS ACMGI Amer income A USD t*n ACMGI Amer Income B USO 8.42/ BU ACMGI Amef Income A EUR 6.53/ AIM Amro Asset Mgt (S port) ACMGI Amer Income B EUR 6.53/ »l"<** 0 91 ACMGI Europ Income Opp AT SGO 15.32/ ACMGI Euop Income Opp BT SGD
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  • Page 10 Advertisements

  • Page 11 Advertisements
    • 145 11 CELEBRATE WORLD-CLASS EXCELLENCE IN MANUFACTURING A major pillar of the Singapore economy, the manufacturing sector contributes a significant quarter of our GDP. Singapore is the global leader in many sectors such as offshore oil-rigs and disk drives. To celebrate these achievements and to identify the excellent operations that help make
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  • Page 12 Advertisements
    • 524 12 Advertorial Get the right talent for the job Combine CATS Recruit and Classified Advertisements in SPH's career-branding that is impactful ST7OI as a recruitment Marketing Division, at a lunch and visible. strategy to hire the right sponsored by ST7OI. ST7OI comes as an extended candidate more efficiently Said Ms Chua,
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  • 11th WORLD HR CONGRESS
    • 560 13  -  Talents are turning into 'professional nomads', moving from city to city By CHEN HUIFEN COUNTRIES may have to seriously consider accepting dual- or multi-citizen-ships, as the battle for economic supremacy shifts from a nation-versus-na-tion competition to one that is between cities, according to a
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    • 570 13  -  By CHEN HUIFEN PAUL Lawrence, general manager and CEO of HSBC Singapore, believes that the best workforce is a happy workforce. Which is why he says he does not set out to measure the return on investment from the bank's "Live It"
      ARTHUR LEE  -  570 words
    • 483 13  -  By NANDE KHIN HAPPY workers are productive workers. This was what delegates at the 11th World HR Congress were told yesterday by Lyonpo Jigme Y Thinley, minister for home and cultural affairs of Bhutan the tiny Himalayan nation that has made maximising the
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    • 229 13  -  By GRACE CHONG TWO years ago, Chinabased Lenovo bought over the PC division of IBM for US$1.75 billion. Overnight, Lenovo faced the daunting challenge of migrating close to 11,000 employees across 66 countries to Lenovo. Critics predicted failure, given the cultural differences of both companies. Lenovo
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    • 312 13  -  By SIM PING KHUAN COUNTRIES and businesses in the developing and the developed world are facing a huge scarcity of human talent, according to Audrey Tsui, president and CEO of Global Competitiveness Management Consultancy. "The demand for talent today is much greater than its
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  • Page 13 Advertisements
    • 98 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, people are the biggest assets. Accrediting HR Professionals
      98 words

  • MALAYSIA/INDONESIA
    • 418 14 Manufacturing, oil and gas exports lead to better than expected growth Bloomberg [KUALA LUMPUR] Malaysia's economy expanded at a faster-than-expected pace in the first three months of the year as manufacturers increased output and companies invested more. South-east Asia's thirdlargest economy grew 5.3
      Bloomberg; REUTERS  -  418 words
    • 2349 14 vol Gamuda 3.44 -0.12 902 May 31 m r»0) General Corp .0.59 unch 240 Genting .22.50 4 50 1303 A M Realty 135 unch 7 George Kent .0.50 0.01 331 Abric .0.32 0.01 35 GHI Systems .0.22 unch 2300 ACP Industries 0.86 -0.03 50 Globetronics Tech 0.31 unch
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    • 508 14  -  May hit 100,000 M'sia-S'pore commuters By PAULINE NG in Kuala Lumpur MALAYSIANS who make the daily work commute to Singapore would likely need to use their MyKad together with their international passport following a decision to do away with the Malaysian restricted passport (MRP), said
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    • 635 14  -  INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent ALMOST five days after an earthquake struck central Java, emergency medical aid and food supplies are finally reaching the devastated area, especially communities that have until now been cut off from the rest of the country. As the
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    • BRIEFLY ASIA
      • 63 14 Bloomberg [SHANGHAI] China's commercial banks will keep a record of all property purchases in order to help determine speculators from home buyers, according to a central bank directive. It said yesterday purchases will be added to the central bank's database, which also rates borrowers'
        Bloomberg  -  63 words
      • 61 14 Bloomberg [SHANGHAI] Industrial Commercial Bank of China, the nation's largest lender, is revamping its corporate structure to improve risk management ahead of a US$l2 billion initial public offering this year. ICB will add 10 new departments, including credit approval, risk management, asset and liability
        Bloomberg  -  61 words
      • 56 14 Reuters [PARIS] PSA Peugeot Citroen yesterday confirmed it was in talks with Malaysia's Proton but added there were no concrete cooperation talks. "We are talking with many other carmakers about possibilities of cooperation, and in that framework I cannot deny that there have been contacts
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      • 97 14 Reuters [KUALA LUMPUR] Malaysian casino and power group Genting Bhd yesterday said that first-quarter earnings jumped a third from a year earlier after all its business units recorded higher profits. Genting made a net profit of RM307.5 million (Ssl 33.4 million) for the three
        Reuters  -  97 words
      • 61 14 Bloomberg [KUALA LUMPUR] Malaysian builder UEM World said profit in the first quarter surged 12-fold as it secured more local and overseas construction orders and its property division benefited from land sales. Net income rose to RM100.3 million (5543.5 million) in the three
        Bloomberg  -  61 words
    • 305 14 Bloomberg, Reuters, Bernama IKUALA LUMPUR] A minister yesterday denied saying that the government was bringing Disneyland into Malaysia. "At no point did I categorically say that we are bringing Disneyland into the country," Minister in the Prime Minister's Department Effendi Norwawi said in a
      Bloomberg,; Reuters,; Bernama  -  305 words
    • 198 14 Reuters [JAKARTA] The president director of PT Indosat, Hasnul Suhaimi, said yesterday he planned to resign from the country's second-larg-est telecommunications company. "Yesterday, I sent the letter to the board of commissioners and the board of directors of Indosat regarding my resignation," Mr Suhaimi told
      Reuters  -  198 words

  • GREATER CHINA/INDIA
    • 643 15 Sensex index hits a low of 10,111.96 before picking up to end at 10,398.61 AFP, Bloomberg [MUMBAI] Indian share prices fell 3.6 per cent yesterday, led by weak US and Asian market trends and sustained foreign funds sell-off, dealers said.
      AFP,; Bloomberg; AFP  -  643 words
    • 230 15 Bloomberg [NEW DELHI] International Business Machines Corp on Tuesday said it has more than tripled the number of employees at an Indian services company it acquired in April 2004. IBM Daksh, which had 6,000 workers two years ago, now
      Bloomberg  -  230 words
    • 172 15 AFP [BEIJING] US retail giant Wal-Mart said yesterday it had taken several brands of children's clothes off its shelves in China after they were found to contain a cancer-causing dye. Wal-Mart stores in Guangdong province were selling nine Chinese brands of children's clothes
      AFP  -  172 words
    • 383 15 Reuters [ZURICH] Beijing has turned down Berne's appeal to abolish a 20 per cent tax on luxury watches, after China's surprise move in April got the Swiss watch industry up in arms and triggered a trade dispute between the two countries.
      Reuters  -  383 words
    • 383 15 [HONG KONG] The Chinese government is to woo foreign companies such as BP and Shell to explore for oil in Tibet, says a report in The Guardian. The paper said the controversial move follows a failure by the partly stateowned
      REUTERS  -  383 words
    • 537 15 Mainland investors giving markets a second chance [BEIJING} Beijing's decision to lift its year-old ban on initial public offerings has set off a scramble among companies eager to tap China's resurgent stock markets, the South China Morning Post reported yesterday. So far,
      AP  -  537 words
  • Page 15 Advertisements
    • 73 15 om JOLT BASEBALL AND SOFTBALL ARENA PTE. LTD. Company Registration No. *****4191K (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final Meeting of Members of the abovenamed Company will be held at 268 Orchard Road #09-01. Singapore *****6 on Friday. 30 June 2006 at
      73 words

  • ASIA-PACIFIC/WORLD
    • 471 16 However, he still expects economic growth of 5 per cent this year By OUR CORRESPONDENT in Bangkok THAILAND'S finance minister says the latest data indicate that the economic fallout from the country's continuing political crisis could linger into next year. "There will
      471 words
    • 365 16 Bloomberg [BRUSSELS] European Union (EU) regulators fined Imperial Chemical Industries Pic, Arkema and two other chemical makers 344.5 million euros (*****.1 million) for fixing the price of a plastic used to make DVDs, lenses and household appliances. Arkema, its former parent Total SA
      Bloomberg  -  365 words
    • Article, Illustration
      45 16 [HONG KONG] Rowing enthusiasts participate in a dragon boat race near Aberdeefi inland yfflterday as fiatt of celebrations marking the Chinese Dragon Boat Festival. Dragon boat races are in remembrance of Qu Yuanstfi pncieriffifiirfcjk scalar-statesman, whodfoWnkd i& 2778 C while denouncing government corruption AP
      AP  -  45 words
    • 775 16  -  ASIA INSIGHT It's folly for developing nations to provide tax holidays instead ANTHONY ROWLEY Tokyo Correspondent THE great and the good descended upon Tokyo from all parts of the earth this week to debate anew a problem which, though it has been the
      775 words
    • 116 16 No free speech rights for whistleblowers AFP [WASHINGTON] The US Supreme Court ruled on Tuesday that government whistle-blowers do not enjoy free speech rights when they make statements about their work. In March 2000, Richard Ceballos, a prosecutor in Los Angeles, alerted his superiors in a memo about an alleged
      AFP  -  116 words
    • 353 16 Reuters [DALLAS/NEW YORK] Power company Mirant Corp said on Tuesday it made an unsolicited offer to buy NRG Energy Inc for US$B billion to create the largest US independent power producer, but its bid was flatly rejected. The move is the latest sign
      Reuters  -  353 words
    • 361 16 Dispute looms as one of the biggest cases in years Bloomberg [WASHINGTON] The US Supreme Court will consider tightening the constitutional limits on punitive damages, agreeing to review a U5579.5 million award won by the widow of a former smoker against Altria
      Bloomberg  -  361 words
    • 222 16 Reuters [TOKYO] Japan's securities watchdog called yesterday for disciplinary action against the asset management arm of Merrill Lynch which it said had improperly traded shares between investment trusts under its control. The Securities and Exchange Surveillance Commission (SESC) also called for penalties
      Reuters  -  222 words

  • ARTS FESTIVAL
    • 1702 17  -  Festival director Goh Ching Lee speaks to PARVATHI NAYAR about the Singapore Arts Festival's programming arc, goals and themes PARVATHI NAYAR ONE Season, Many Faces. So goes the tagline of this year's Singapore Arts Festival (SAF), and it works as an efficient trigger when BT sits
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    • 967 17 The Singapore Arts Festival (SAF) opens tonight with a budget of $6 million that has bought more than three weeks of performances, with 1,758 artists from 26 countries in 24 core productions and over 400 outreach events. What s best for your pocket and artistic palate? BT picks
      967 words
    • 1005 18  -  Three interpretations merge contemporary dance with a Chinese score in this year's trailblazing opening act, Quest, CHEAH UI-HOON and JURENA CHAN report CHEAH UI-HOON, JURENA CHAN QUEST, as this year's arts festival opening performance, happens to be the overarching theme linking the triple bill choreographed by three choreographers.
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    • 1230 18  -  PARVATHI NAYAR catches up with the SCO's bubbly Tsung Yeh PARVATHI NAYAR IT is difficult not to be swept along by the effervescent Tsung Yeh, music director of the Singapore Chinese Orchestra (SCO) and his enthusiasm for high quality music. Chinese orchestral music is
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    • 601 18  -  GRACE CHONG talks to dance doyen Goh Soo Khim GRACE CHONG EIGHTEEN years ago, seven ballet dancers pirouetted on the second storey of a creaky colonial bungalow, afraid to leap and land too hard for fear that the boards would give way. "When it rained, we
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    • 306 19 Quest TIME: 8pm -VENUE: Esplanade Theatre •TICKET PRICES: $80,560, $50, $30, $15 •DURATION: 120 mins (with intermission) Sponsored by 5PH 'il.m<)h .ill, mly Forward Moves DANCE TIME: 8pm -VENUE: Esplanade Theatre
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    • Article, Illustration
      755 20  -  JURENA CHAN and BRYNA SIM go behind the scenes to look at a crucial part of the Singapore Arts Festival corporate sponsorship JURENA CHAM and BRYMASIM GETTING arts sponsorship today is no easy task. It does not matter if you are a small production company, or an established
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    • Article, Illustration
      557 20  -  Street Attack gives new meaning to the term caveat emptor, as SIM PING khuan finds out SIM PING KHUAN BE mentally prepared for art attacks when you hit town over the weekend. This month, Moving Arts and The iLLers present Street Attack, where artistes will transform the afternoon
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    • 502 20  -  By NOOR AISHA THIS school holidays for six days only children are promised a roaring good time at Kidsfest, billed as the event for youngsters in the Singapore Arts Festival. In the capable hands of organiser ACT 3 International, this year's Kidsfest promises to
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  • Page 20 Advertisements
    • 79 20 i PeuKv t fch Mli,i^Mlll^ < 1 "fj Name Email L /SBS| Enhance your corporate image with SPH news reports or features on your company. v!s_L_l/ Widely regarded as the definitive source for incisive business analyses and accurate industry reviews, we could help strengthen your communication efforts like no other
      79 words

  • BizIT
    • 709 21  -  Move is part of IDA's plan to offer personalised service to patients, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AN EXERCISE to develop innovative solutions for Singapore's healthcare sector has successfully concluded with the award of contracts for a host of pilot
      FILE PHOTO  -  709 words
    • 400 21  -  Businesses should also adopt a niche approach By WINSTON CHAI DOING market research may seem like a prerequisite before embarking on any business endeavour, but a lot of companies are not applying such fundamentals when they venture online, says an Internet marketing expert. "The
      400 words
    • 338 21  -  By AMIT ROY CHOUDHURY SINGAPORE Telecommunications Ltd (Sing Tel) has launched a new solution that will allow its enterprise customers to send both data traffic and voice calls over the same privately managed IP network without any compromise in quality or security. Called Meg@POP
      338 words
    • 495 21 Reuters [AMSTERDAM] Motorola needs a successor to its successful Razr phone to hold on to market share, and BenQ Mobile is set to make gains when new products kick in, market research group Gartner said in a survey yesterday. The survey found
      Reuters; AP  -  495 words
    • 307 21  -  By ROLAND LIM DESPITE having acquired five telco-related companies, Oracle is still in the market for more. Speaking at a press briefing yesterday, Lars Wahlstrom, vice-president of Oracle Corporation's Telecom, Media and Utilities division, identified three areas in the telco industry which Oracle was still
      307 words
    • 301 21 Bloomberg [SEATTLE] Microsoft Corp, the world's largest software maker, will today begin selling an antivirus program to protect consumer personal computers and take sales from Symantec Corp and McAfee Inc. Microsoft's Windows One Care Live will be sold by retailers such as Best Buy
      Bloomberg  -  301 words
  • Page 21 Advertisements
    • 138 21 Firms should make it a point to collect e-mail addresses of their site visitors. PRIME GOOD CLASS BUNGALOW AT 6C CLUNY PARK KsMB9T r PR'S/DIPLOMATIC MISSIONS WELCOME Tenure FREEHOLD Land Area 1,623 sq m (17,475 sq ft) approx Legal Description Lot 2082 M Mukim 2 Description Unique 'colonial' black and
      138 words

  • AVIATION
    • 564 22  -  Tiger Airways alarmed at Aussie decision in favour of Qantas stable By VEN SREENIVASAN [SINGAPORE] Jetstar Asia and Valuair have obtained approval from the Australian competition watchdog to collaborate on airfares, schedules and network routing with their parent Qantas and sister airline
      564 words
    • 508 22 Great Wall Airlines hopes to operate five planes by 2009 Bloomberg [BEIJING] Singapore Airlines Ltd, owner of the world's third-largest air cargo carrier, may operate five planes by 2009 at its China venture to tap freight traffic that is forecast
      Bloomberg  -  508 words
    • 84 22 [MUNICH] Passengers walking past an illuminated replica of Munich's football stadium, the so-called Mini Allianz Arena, at Munich airport on Tuesday. Inside the model will be screens to watch the 2006 football World Cup. The Allianz Arena stadium will host the World Cup opening game between
      AFP  -  84 words
    • 156 22 AP [KUALA LUMPUR] Budget carrier Air Asia will launch flights to the oil-rich Sultanate of Brunei in July, taking a step closer to its ambition of linking every South-east Asian nation, the company said yesterday. The airline will fly once a day between
      AP  -  156 words
    • 405 22 Aeroports de Paris IPO expected to raise 800m euros AFP, AP [PARIS] The French government yesterday launched the partial privatisation of airport operator Aeroports de Paris (ADP), in a move that is expected to bring up to 800 million euros (551.62 billion) into
      AFP,; AP  -  405 words
    • 2206 22 CUT FUCHT IT* ruan HP IC859 0605 SQ408 1855 Dniuiir lall SQ141 1145 SQ142 0935 **LOk& SQ45? 11?? W* 13Q9 ]"o GAsJf Ira AdaiaMa LH9771 1750 AF8088 2215 GA840 1640 GA841 755 SQ230 1750 BA7382 2215 g 35 fSltf AF8067 1850 Of82 2215 SQ435 0550 SQ436
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  • Page 22 Miscellaneous
    • 190 22 CRYPTIC CROSSWORD 24 He lets, Pound and, for exam- YESTERDAY'S SOLUTION pie, Byron (8) 7 Smart fellow (8) Across: 11nsolent, 9 Outsmart, 10 25 Barely acceptable practice (6) g view on hospital depart- Rose, 11 Hitching post, 13 MiDOWN ment's mix up (8) grants, 15 Ablaze, 16 Mete, 17 ->
      190 words

  • SHIPPING
    • 578 23  -  It is also in talks to establish a shipyard at former Jurong Marine Base By DONALD URQUHART [SINGAPORE] To cope with surging oil rig orders, Keppel Offshore Marine (Keppel O&M) is expanding its rig building capacity in Singapore and plans to develop a new yard
      578 words
    • 280 23 S6X '000 May 31 SS W- Vol CH Offshore 0.3S unch 446 Chuan Hup a32 0.01 1587 Cosco Corporation 1.27 -0.01 8382 CWT Distribution 1.24 unch 248 Ezra Hldgs 2.50 0.10 377 Freight links 0.07 unch 723 Grand Banks Yacht 0.87 0.01 7 Java Holdings 1.38 -0.01 143
      280 words
    • 8 23 Reuters
      Reuters  -  8 words
    • 171 23 Bloomberg [DUBAI] Qatar Gas Transport Co, the largest shipper of liquefied natural gas in the Middle East, ordered 10 tankers worth about US$3.2 billion in total to ship the fuel to markets in Asia, Europe and the US. South Korean yards of
      Bloomberg  -  171 words
    • 465 23 Reuters [TOKYO] Panamax rates for the key Asian route continued to hover narrowly as an absence of fresh factors has prevented the market from striking out decisively in either direction for several months. Rates for the benchmark US Gulf-to-Japan route have moved within a narrow
      Reuters  -  465 words
    • 212 23  -  By DONALD URQUHART [SINGAPORE] Keppel Shipyard Ltd has secured the conversion of an oil tanker to a floating production storage offloading facility (FPSO) from Maersk Contractors for approximately $96 million. The fast-track conversion of the very large crude carrier (VLCC) Ellen Maersk to an
      212 words
    • 701 23 Bloomberg [SYDNEY] Toll Holdings chief executive officer Paul Little says booming demand for freight will support his US$5 billion spending spree to build a road, rail, air and sea transport network linking Asia's five biggest economies. In the past three months,
      Bloomberg  -  701 words
  • Page 23 Advertisements
    • 215 23 INFORMAL RATE AGREEMENT (IRA) FAR EAST/MIDDLE EAST TRADE IS JUNE RATE RESTORATION In order to maintain a high standard of service to their customers, stnTkeT™*' 1 ÜB#r the member lines of the Informal Rate Agreement (IRA) |»#rgr#«n Marin* covering trades from the Far East to destinations in the Middle Corporation
      215 words

  • EDITORIAL & OPINION
    • 518 24 Jakarta must push growth fast EDITORIAL THE good news is that last week's earthquake in central Java will have minimal impact on Indonesia's broader economy. The region accounts for only a little over one per cent of GDP. But, as the rupiah's depreciation in the past few weeks shows, the
      518 words
    • 784 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent Compare the two American dramas that the world was watching last Thursday. In Houston, Texas, two former Enron executives Kenneth Lay and Jeffrey Skilling were convicted of fraud and conspiracy for their role
      784 words
    • 946 24  -  In many cases they use derivatives for speculation rather than for mitigating financial risk By PEDRO NICOLACI DA COSTA Reuters Scandals like the one that toppled Enron have sparked calls for greater corporate transparency, but the outcry for openness ends where Wall
      Reuters; AP  -  946 words
    • 870 25  -  They take on national identities to better sell their products in global markets By DANIEL ALTMAN IHT There's a familiar refrain in debates about globalisation: Multinational companies, by spreading the same products everywhere, are overwhelming the local cultures in the countries where they do
      IHT; AFP  -  870 words
    • 797 25  -  YOGI AGGARWAL THE recent ruling by the Indian Supreme Court that construction could continue on the dam across the Narmada river till the government completes a survey of how rehabilitation is proceeding has put anti-dam agitators in a fix. Despite rash words calling the
      797 words
    • 724 25 THE US Senate last week passed legislation that Senator Edward Kennedy hailed as "the most far-reaching immigration reform in our history". You might think that the first question anyone would ask is how much it would actually increase or decrease legal immigration. But
      724 words
    • 373 25  -  LETTER TO THE EDITOR Ang Hao Yao Singapore I REFER to the article "Options scandal in US set to spark shareholder anger" (BT, May 25). As the full record of a firm's stock options issuance is only available in the annual report, shareholders do
      373 words


  • 10969 26 SGX MAINBOARD Transaction date: May 31 52 Wk Tel List Vol Diy Last Quote GrDtv Otv GrYtd Net MCap High Low Code Company Ml fOOO) High Low hgl Sdjg Cw P/t M 5 1 5716 1st Software 5c 2.5 unch 1314 2.5 2.5 2.5 3 10.1 16 6
    10,969 words

  • 6336 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool carr In St In USS XOf %yr tfy yr dy %yt M«y 30 lorfnn Puny Oxwqa Chang* Change Change Chang* lArirtl 9823 -13 '3 1.1 -04 -0.8 5.3 I btftfwtawwj mi -U 1.1 10 3iA -06 M li*upef>TfkTwj l*m 33 13
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  • Page 28 Advertisements
    • 1872 28 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 F.EJS.E.A. 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
      1,872 words
    • 727 28 Vtfttf WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa vor mmp hbcht sm lk map say oal o» TAUSMAN Aftl7 3201m> MM 07/04 01/07 11/07 15/07 If/07 17/07 TAKONGA AHI9 320Tws 6.25 M 75/06 20/07 29/07 02/00 07/00 OS/00 TAME SIS AH 20 MOfcw 6.4 M 07/07 30/07 00/00 12/00 16/00 14/00
      727 words

  • Page 29 Advertisements
    • 1357 29 WAN HAI INTERNATIONAL PTE LTD a NO: 1U*****000/1 V 111:*****588 (14UIKS) FAX:*****163 \\M\WAN HA I INFS Wr*t Urn (1800) *****700 V V f fMil lIMI LllltJ NLIB:(O3)334MMIFAX:(O3) *****2MfW18: 104)*****00MX:(04)*****99 JOH IB: (07) 2SIH2J HUfc (07)*****21 SUi IB: (Oil) *****75 FA* 1031) *****14/ *****05 fn t JtFTH: 1021)*****WMX:(031)*****MnM1H:*****0/714M1 FAX: *****9 WWW.W...I.W.H
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    • 1137 29 I VESSEL VOY 1 PKI I SIN I KARACHI PX» tAB WHS PMM BIK KHOW 1 KAN tAAIAiI PCL 8140 07/06 08/06 17/06 20/06 21/06 26/06 2S/06 30/06 IRAN KOR DC STAN PCL Sl4l 13/06 14/06 23/06 26/06 27/06 02/07 05/07 07/07 WAN SHAHRYAR PCI «142 22/06 23/06 02/07 05/07
      1,137 words
    • 802 29 m &(3Zt C A WEEKLY EXPRESS SAILING SCHEDULE ICQ POINTS] vKsa I vot Ism j pjuaj>g| Colombo 1 n swva 1 Colombo I I also Harms Fa to coa* tutkohm (vu coummoT aw iamu t ooa| (VU N SHM) CONNKTMG MOTHS WU 10 EUtOK (FBiXSTOWt, tOTTBtDAM.I HAMBUKO) AM) EAST COAST
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6196 30 This ETA ETA Advwtiw VhmI Voyag* Telephone ETA ETA Adortlm VmmI Voyage Telephone SIN Ottn Nmm Nmm Number Muvnbef SIN Dtft 1 Nmm Nmm NMMbtr Number 04/07 18/07 China Shpg ZIM JAPAN 053W *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire To HAIPHONG (HPH) 2147
      6,196 words

  • PROPERTY
    • 316 31  -  Residences@Evelyn also previewed in HK, expected to be marketed in Jakarta By KALPANA RASHIWALA KWEK Leng Beng's City Developments has sold close to 50 units at its Residences Evelyn freehold condominium since it began previewing the Newton area freehold project last weekend.
      316 words
    • 273 31 Bloomberg [LONDON] UK house prices barely rose for a second month in May, the Nationwide Building Society said, a sign the US$6 trillion property market may have peaked. The average cost of a British home climbed 0.2 per cent to £164,632 (*****,516) from
      Bloomberg  -  273 words
    • 277 32 Reuters [HONG KONG] Property firm K Wah International Holdings Ltd says it has sold 500 units in a Shanghai luxury residential property development for a total of 570 million yuan (Ssl 12 million). K Wah started sales of the
      Reuters  -  277 words
    • 805 32  -  Cost is $32m lower than asking price; agents fear deal may cool area's en bloc fever By KALPANA RASHIWALA SIMON Cheong has just done a deal that's making some property agents fear it may set lower land prices and cool the current en
      FILE PHOTO  -  805 words
    • 354 33  -  Tycoons from UAE, Hong Kong, Vegas and UK drawn by its attractive pricing By ARTHUR SIM TYCOONS are descending on Singapore in the hope of owning a unit at City Developments Ltd's St Regis Residences, which is being launched today. Sources say that Ahmed Ah
      354 words
    • 1992 33 PROJECT NAME/ PROP CONTRACT TENURE BUIU-MAND PRICE PSf STREET NAME TYPE DATE,,/ AR£A*($QFT) CS$00Q) 5$) District 4 NON-LANDED Caribbean At Keppet Bay Apt 18/05/2006 99 1206 923 765 Caribbean At Keppel Bay Apt 16/05/2006 99 1270 959 755 Caribbean At Keppel
      1,992 words
  • Page 31 Advertisements
    • 144 31 21,831 «qfl 1-4,5 Storey Freehold X. e\o\ Ikm to HQS/ 80/TU Nanyang Primary 2,/ U Closing on QrW 7th June 2006 (Wadnetday) at 4pm HPMC Services Pfte Ltd Maisie 6285 2688 enqulryepmc.com.sg Our qualified professionals can assist you with offshore iafiSiHrr structures, shelf companies and incorporations in ALL British Virgin
      144 words
    • 846 31 Advertising Feature 111 I I J j Convinced by Savllls KAA's one-stop asset management Ing m northern Seoul. The goal of tenant- Company, North America s superior tenant services and and lease marketing services "We focus not only on relations management Is to leading property services great offloe facilities, Jeong-
      846 words

  • Page 32 Advertisements
    • 530 32 v" I FOR SALE BY TENDER /fXA Freehold Land Area of y > V 17, 690 sq ft .Walking distance srnxp to Kovan MRT station Simon K itSSma.,. i Court I 1 HUH INVESTMENT: Dillon Loi llekhom) *****204 LUXURY RESIDENTIAL DEVELOPMENT SITE FOR SALE BY TENDER r~ v 771 Quiet
      530 words
    • 27 32 J 7th Storey Hainan Charcoal Staamboat 228/229 Rochor Road, Tel: 6333 4900 1 -for-1 steamboat set Only whan you charge to your Dinars Club Card. TtC Apply.
      27 words

  • Page 33 Advertisements
    • 215 33 <$J For Sale By Tender f[ \t (located In Prime District 9) «I Land Area 44,477 sqft (approx) I j£y a jfs Tenure Freehold /ff Plot Ratio 2.8, Up to Maximun Height of 15 storeys Zoning 1 plot 'Residential with commercial on Ist storey' 4 other plots -'Residential' Residential site
      215 words

  • Page 34 Advertisements
    • 55 34 Bl „_--__JP®l itiß^iSNl flr t I Btifii ■RF'*' .jmgK is* '**3SiS2& r h I n MKi» B jiiflBll»«iillBBBBia I Bki.' jP^to£- 'I iiljlffifM flsßl I WmFi,:- .&-IHIWBB I r *jip ,,^£e, ■■■■1 k Jtjß Hilij '< BiWif^feiiißßfflßr i Bl^^^S I 1 aBK 4 BeM jIfIHBIHH^HI -J 4H^H m I I
      55 words