The Business Times, 2 June 2006

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Friday, June 2,2006
    17 words
  • 817 1  -  He sees potential in property, hotel management By CONRAD RAJ [SINGAPORE] Now that he has made his presence felt in most of Western Europe through his Millennium Copthorne hotels, Singapore billionaire Kwek Leng Beng hopes to fly his flag soon in new frontiers
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  • 647 1  -  Robust investment banking activity fuels hiring spree By ANNA TEO [SINGAPORE] Once there were financial economists, who naturally enough pronounced on economic matters. Now many of the same individuals are reinventing themselves as strategists far more involved with the markets' nitty-gritty, and often
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  • Page 1 Advertisements
    • 19 1 jR L THE CFO INTERVIEW K dk 1m Citigroup S'pore CFO ■yi on why it's no walk i|y^ <■ ji
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    • 109 1 PROPERTY PARTIES i, v %31j&r «^^*^>'.^Sf- ..w i ,*gF jjaptr:223M a ••..>st^ J v''*. wHW "i^BHR ■*-"--%^>*4yr^^'"* ?k, -'Va^a-i^*^,■ ■l 7»g:* l^B,kA.'. > *..•gKa.yMa.;. K L/rkJE» if- a»*s.^-..... •y ll^jfc'l^-L*^v;,***»• \2yrMy'v-x-v*"^i"^-J^ij^B";^Bti^Ei^rv.£ j* fe jyp^PtBW^S^jm>^BHBlB^^BB^^gB^L3£f'^- 1^' %«u» '2a r% j*" sto** ft: 7 r. i •<^y^^_ i^gOfhaim^^:^/K^sOSi^g^^W^^^: t^^ > '.i> -Va*.
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    • 15 1 crazy horse Nude show leaves EngWahcold PG7 INK 8 887 8V*****4" Markets Digest, Pg 3
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  • TOP STORIES
    • 698 2  -  Average profit per equity partner jumps 24% to £810,000 By SIOW LI SEN [SINGAPORE! Clifford Chance, the world's largest law firm, has reported record revenues of £1.03 billion (553.03 billion), up 13 per cent for the year ended April 30 on increased fees
      698 words
    • 244 2  -  By Jurena Chan [SINGAPORE] Glitz and glamour. That was what defined the Singapore Arts Festival's opening production and world premiere of Quest, a collaboration between the Singapore Dance Theatre and the Singapore Chinese Orchestra. Among the guests who graced the opening last night were
      PHOTOS: YEN MENG JIIN  -  244 words
    • 337 2  -  In latest deal, it takes a 7% stake in Japan's eMobile By UMA SHANKARI [SINGAPORE] Temasek Holdings' purchase of a substantial stake in Japanese broadband service provider eMobile earlier this week has further enlarged the Singapore investment company's growing telco presence in the
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    • 600 2 Govt seen sticking to reserve list for land sales PROPERTY consultants and analysts expect the government to stick to the reserve list as the mainstay of its land sales programme for private residential, commercial and hotel sites for the second half of this year. Under the reserve list
      600 words
    • 754 3  -  But consultants say there should be a wider spectrum of residential sites By KALPANA RASHIWALA [SINGAPORE] Property consultants and analysts expect the government to stick to the reserve list as the mainstay of its land sales programme for private residential, commercial
      754 words
    • 516 3  -  By ARTHUR SIM [SINGAPORE] St Regis Residences along Tanglin Road has set a new benchmark of $3,000 psf for property prices 25 per cent higher than the previous record of $2,400 notched in the mid--*****. More than one transaction has
      YEN MENG JIIN  -  516 words
    • 149 3 STI 2386.70 (+2.83) ST INDEX FUTURES 2,392.00 (+3.00) SIMSCI 2824 M (-0.21) SIMSO FUTURES 282.60 (-1.80) MARKETS Thursday Chang* KISECOMP 930.45 +2.67 NIKKEI 225 15,503.74' +36.41 HANG SENG 15.645.27 -212.62 SET INDEX 710 JO +0.87 JAKARTA COMP 1.321.56 -8.44 MANILA COMP 2.310.15 >14.04 SEOUL COMP 1.295.09 -22.61 SHENZHEN
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    • 430 3  -  First time it's being based outside the US, UK By CHEN HUIFEN [SINGAPORE] Singapore is to take over from the US and Britain in hosting the secretariat of the global network of peoplemanagement organisations. The secretariat of the World Federation of
      430 words
  • Page 2 Advertisements
    • 97 2 hs j0 40" 6pcs Dining Set WWoi Jg'M 0 48" 7pes Dining Set 1 lyT'fe 54"-60" lOpct Dining Set .?nt* Hong Tan Altar £570" 12pc« Dining Set M| vHPiy Table w/Square Table Rosewood/Hong Tan y»r ]TT V HH 50"L x 49"H Assorted Flower I I KmJBBIS 32"L x 33V«"H CaM
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    • 20 2 Holding an auction? Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. notices
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    • 18 2 people Your search ends here. '/".v i| \,V< H'k i oil' I A,l 1 I'.X itll xcClltlVt- Slr.ll(,h
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  • Page 3 Advertisements
    • 164 3 on the companion fare. That's right Both you and your companion stretch out lie-flat beds 'in 39,000 feet above ground or dine on New Zealand inspired cuisine and wine. What blissl 1 Travelling alone? Upgrade from Economy to Pacific Premium Economy for just $488* to enjoy extra legroom TERMS CONO(TIONS
      164 words

  • 11th WORLD HR CONGRESS
    • 322 4  -  By SIM PING KHUAN ORGANISATIONS must learn to reinvent themselves even when the pressure is not there for them to change, says Dave Ulrich, professor of business administration at the University of Michigan. In an interview with BT, Prof Ulrich elaborated on
      322 words
    • 499 4  -  Firms should have plans that include returnees' re-integration By GRACE CHONG TO remain competitive in today's global economy, organisations need to be able to deploy staff on overseas projects quickly and affordably. Otherwise, a waste, and sometimes loss, of talent can result, says
      499 words
    • 586 4  -  By NANDE KHIN AS DIFFERENT as the companies sound, they had one thing in common. One was a magazine start-up, the other was the Asia-Pacific division of a clothing company well over a hundred years old and in need of a
      586 words
    • 240 4  -  By CHEN HUIFEN ONLINE graduate school U2l Global has partnered Singapore Human Resource Institute (SHRI) to offer five scholarships that will pay for half the cost of two courses offered at U2lGlobal's online campus. The tie-up aims to encourage more staff and members
      240 words
    • 373 4  -  By GRACE CHONG WITH companies around the world moving many of their operations to China, ways of attracting, developing and retaining talent are increasingly important in that country, says managing director of Manpower Inc China, Lucille Wu. In an interview with BT, Ms Wu said:
      373 words
  • Page 4 Advertisements
    • 164 4 jjj A Big Thank You to all valued sponsors and supporters of the SHRI JHi 11 th World HR Congress Business-Connect Exposition Singapore 2006! S&iSSiss From: Singapore Human Resources Institute (SHRI) £i\ 1 SSShjZ* powering human capital Partner Sponsor Programme Partner Gold Sponsors Knowledge Partner Official Website Sponsor Official Jobsite
      164 words

  • THE CFO INTERVIEW
    • 1133 5  -  Citi CFO Robin Lowe tells SIOW LI SEN why Citigroup Singapore is one of the most complex franchises for the financial services giant SIOW LI SEN IF one had spent the last 11 years in Africa, a posting in orderly Singapore could be seen by some as
      YEN MENG JIIN  -  1,133 words
    • 107 5 IT's probably not the typical path for accountants but it seemed quite logical to Robin Lowe, 41, Citigroup Singapore chief financial officer. After graduating from Oxford University with a masters degree in Classics in 1988, Mr Lowe took up accountancy. "1 had to have a
      107 words
  • Page 5 Advertisements
    • 222 5 gl^l^^jf HH JEjHHk ipH 1 Wine Tasting Jasons Orchard, Orchard lowers #01-01 HH 2 June Friday 7pm Join Regional Manager Matthew Morrissy and acquaint 9 Houghton Win* Tasting a glass or two of Houghton delicate wines. It's a trip worth making. ,*a| hi ««i<|i^^| 17 June 200*, Friday 3pm With
      222 words

  • SINGAPORE MARKETS
    • 520 6  -  STOCKS Every bounce in the past weeks has been followed by concerted selling R SIVANITHY Senior Correspondent ONE step forward, three steps back" is probably the best description of how stocks have performed over the past 3-4 weeks, where every bounce has been immediately
      Source: Bloomberg  -  520 words
    • 1006 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jun 1 and earlier) Subsantial No of Price SHAREHOLDING Tram Shareholder/ BuyI Shares Per Before After Stock Pate Director Sell '000 Shr £000) C000) Full Apex 1-Jun-G6 Guan Lingxiang Buy 1431 0.28 *****2 18.81 *****3 19.00 LafeTech 31-May-06 The Grande Grp
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    • Article, Illustration
      841 6  -  Compiled by UMA SHANKARI Technology Sector Singapore Computer Systems June 1 dose: 77 cents; P rn rrfrlinn n_ 11 UIIUIIN! i cuwuwyici June 1 dose: 12 cants (JOB KAY MAN RESEARCH. June 1 THE Singapore government has launched a new $2 billion five-year master plan, called iGov2olo or
      Source: Bloomberg  -  841 words
    • 536 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar launched a spirited comeback in Asia yesterday, powered by the fears of inflationary pressures expressed by the US central bank's interest rate committee. The Wednesday night release of minutes from the committee's last meeting, on May
      Source: Reuters  -  536 words

  • COMPANY NEWS
    • 711 7  -  HOCK LOCK SIEW By WONG WEI KONG CRAZY Horse is bleeding, and it's not looking good for Eng Wah Organisation. Instead of raising the roof, the French cabaret show is now dragging down the earnings of the entertainment and leisure group. And Eng Wah
      711 words
    • 535 7 PacNet urged by BNPto remain independent MEDIARING has responded strongly to the rebuff from takeover target Pacific Internet and said shareholders who accept its offer will not have to take risks waiting for PacNet to execute its five-year business plan. In
      535 words
    • 462 7  -  By LESLIE YEE DBS Asset Management (DBSAM) is buying a 33 per cent stake in China's Changsheng Fund Management Company for about $34.4 million. The move by DBSAM, a subsidiary of Singapore's DBS Bank, comes on the back of DBS expanding its
      FILE PHOTO  -  462 words
    • 507 7  -  By LESLIE YEE CAMBRIDGE Industrial Trust (CIT) is looking to raise $120 million from an initial public offering (IPO) of 176.47 million units at $0.68 each on the Singapore Exchange. CIT, which lodged its preliminary prospectus with the Monetary Authority of Singapore last
      507 words
    • 405 7  -  By JURENA CHAN INVESTORS seeking a piece of action on the Indian equities markets can soon do it through an exchange traded fund (ETF) right here on the Singapore Exchange (SGX). Called iShares MSCI India, the ETF will be listed on SGX on
      405 words
    • 322 8  -  Ho Bee will preview Vertis, Guoco will launch The Quartz By KALPANA RASHIWALA HO Bee is this weekend previewing its Vertis apartments at Amber Gardens for sale at an average price of about $700 per square foot. The 18-storey development, of 42 units, is
      322 words
    • 327 8  -  By UMA SHANKARI MALAYSIAN billionaire Robert Kuok's Allgreen Properties yesterday said that it plans to participate in a joint venture (JV) in China with two other companies also controlled by him Hong Kong-listed Shangri-La Asia and Kerry Properties. The JV company will build
      327 words
    • 317 8  -  Auric associate accepts offer from PT Lippo Karawaci By SIOW LI SEN FOOD Junction Holdings, an associate of Lippo-con-trolled Auric Pacific Group, yesterday said it will operate a food court in Jakarta. Food Junction said it has accepted an offer from PT Lippo Karawaci to
      317 words
    • 5208 8 UNIT TRUSTS FUNDS ACMGI Amer Income A USD 8.41/ ACMGI Amer Income B USD 8.41/ ACMGI Amer Income A EUR 6.56/ AiM Amro Assot Mgt (S pore) ACMGI Amer Income B EUR 6.56/ Sor Europe Eqty? 0.924/ ACMGI Euop Income Opp AT SGD 15.17/ Star Eirope Bond 1. 82/ ACMGI
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    • 444 9 It plans to spend US$2b this year to expand network, start 3G trials BHARTI Airtel Ltd, India's biggest mobile-phone company in which Sing Tel has a stake, said it will be able to continue adding more than one million mobile phone subscribers a
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    • COMPANY BRIEFS
      • 75 9 IT services provider Frontline Technologies said that it has increased its stake in Ecquaria Ltd from 30 per cent to 49.99 per cent. Frontline acquired the 30 per cent stake in Ecquaria in November 2003. The new issue and allotment of 78,906 shares
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      • 51 9 MANAGEMENT changes are taking place at retailer CK Tang. Tang Wee Sung (above) has been re-designated as executive chairman and has relinquished his role as chief executive officer. Taking over as CEO is Foo Tiang Sooi, whose new appointment will incorporate his responsibilities as chief operating
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      • 66 9 OVERSEAS-CHINESE Banking Corporation Limited yesterday bought 837,000 Great Eastern Holdings shares at an average price of $13.98 each via married and off-market trades. The purchase cost was about $11.7 million. OCBC's stake in GEH is now 83.09 per cent, up from 82.91 per
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      • 49 9 G W changes name to Brothers (Hldgs) G 8t W Group (Holdings) Limited has changed its name to Brothers (Holdings) Limited. Its subsidiaries, G W Industrial (China) Pte Ltd is now known as Brothers (China) Pte Ltd while Koh Brothers International Pte Ltd is now Brothers (Overseas) Pte Ltd.
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      • 36 9 FOLLOWING a preliminary assessment of Ace Achieve Infocom Limited's results for the 16 months ended April 30,2006, its directors yesterday warned of weaker profit compared to the previous 16 months.
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      • 94 9 ADVANCE SCT, which has made a voluntary offer for the remaining shares in Green World Holdings (GW) it does not already own, said yesterday that its ownership has now passed the 50 per cent level, making the offer unconditional. As at yesterday, it received
        94 words
    • 163 9  -  By SWATI CHAUHDARY GLOBAL Testing Corp yesterday said it has entered into a five-year syndicated loan facility agreement for NT$3 billion (Ssl4B million) from 11 banks in Taiwan. The facility, initially launched for NT$2.5 billion, was raised to NT$3 billion due to overwhelming response, said
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    • 715 9 Reuters [SINGAPORE] China Milk Products Group Ltd said China's efforts to encourage milk consumption would boost demand for the firm's main product pedigree bull semen, which is used to breed dairy cows with high milk yields. The firm, which also sells raw
      Reuters  -  715 words
    • 270 9 AFP [HONG KONG] Telekom Malaysia said yesterday it has signed a memorandum of understanding with seven Asian partners, including Singapore's Star Hub, to build an undersea broadband cable system linking South-east Asia with the United States. Malaysia's largest telecom company said
      AFP  -  270 words
    • 201 9  -  By KRITI SINGH THANKS to the market's focus yesterday on "China play" stocks, education management services provider Oriental Century made its trading debut on Sesdaq on a bullish note. Despite the market's volatility, shares of the Chinabased company surged as much as 20 per
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  • Page 8 Advertisements
    • 27 8 I You can now use your CPF savings to invest in AllianzGI Global Allianz (Hi) High Payout Fund. Visit our appointed distributors for more details. Global lnvestors
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  • Page 9 Advertisements
    • 21 9 Releasing your financial results? Call 1800 289 8822 or email notices@sph.com.sg to book your financial results in our newspapers now. NOTICES
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    • 825 9 ATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EXCEL ADVANCED TECHNOLOGY PTE. LTD. (IN CREDITORS' VOLUNTARY LIQUIDATION) (Company No: *****5039E) Extract of the Minutes of an Extraordinary General Meeting of EXCEL ADVANCED TECHNOLOGY PTE. LTD. held at
      825 words

  • SINGAPORE NEWS
    • 429 10  -  Many companies getting big new orders from China as well as India By ANNA TEO MAY turned out to be a strong month for manufacturers as new orders and production rebounded decisively, hoisting the purchasing managers' index (PMI) to its highest level
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    • 415 10  -  By ROLAND LIM STRUGGLING enterprise computing vendor Sun Microsystems said yesterday that it could shed up to 5,000 jobs over the next six months, in its bid to cut annual costs by up to US$59O million. A local spokesman
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    • 141 10 FIRST it was an advertising campaign then a vast poster and then a real-life re-enactment. Staff from the Singapore branch of the British Council are seen copying the dance moves depicted in the six-metre tall Education UK banner which has been put up as part of a
      YEN MENG JIIN  -  141 words
    • 424 10  -  By SURESH MENON THE winner of this year's World Entrepreneur of The Year award is about to be announced with Vikas Goel, chairman and managing director of eSys Technologies, flying the flag for Singapore. Mr Goel, who was named Singapore's Ernst Young
      FILE PHOTO  -  424 words
    • 443 10  -  By CONRAD TAN THE Economic Development Board (EDB) yesterday handed out its prestigious International Headquarters (IHQ) award to eight more companies which have chosen to base key operations here. The companies from seven different locations are expected to pump a combined $213
      443 words
    • SINGAPORE ROUNDUP
      • 45 10 THE Automobile Association of Singapore (AA) has appointed Bernard Tay to succeed Gerard Ee as its new president. Mr Ee, whose term ended on May 31, had been president of AA since 1996. MrTay had served as vice-president since 2004.
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      • 134 10 Reuters SINGAPORE'S onshore stocks of fuel oil slumped to a six-month low in the latest week, while middle distillates rose to a two-month high, International Enterprise (IE) said yesterday. Onshore stocks of fuel oil fell2.131 million barrels to 9.810 million barrels for
        Reuters  -  134 words
    • 278 10 MIDSOUTH Holdings, the 100 th Chinese company to list on the Singapore Exchange (SGX), has pledged $100,100 to The Bull Run. The Bull Run, now in its third year, is an SGX charity event intended to raise money from the financial sector and listed
      278 words
  • Page 10 Advertisements
    • 578 10 r^AT^ NOTICES In The Matter Of The Companies Act, Cap. 50 And In The Matter Of CHEVRO (SINGAPORE) PTE LTD Company Reg. No. *****1848E Notice of Creditors' Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies
      578 words

  • ECONOMY WATCH
    • 852 11 Companies forecast A$59 billion new spending in year ending June 2007 Bloomberg [SYDNEY] Australia's business investment boom, which the central bank is counting on to drive growth in Asia Pacific's fifth-largest economy, will continue for another 12 months, according to a government survey. Capital spending
      Bloomberg  -  852 words
    • 288 11 AFP [BEIJING] China and the Arab world will target the energy sector as they seek to double their trade volumes over the next few years, the two sides said as .they wrapped up a ministerial forum here yesterday. An agreement signed on the
      AFP  -  288 words
    • 571 11 Bloomberg [JAKARTA] The Asian Development Bank's 7.2 per cent growth forecast for the region this year will be an "overestimation" should oil prices remain at the current high level, bank president Haruhiko Kuroda said. The Manila-based lender on April 6 forecast an expansion
      Bloomberg  -  571 words
    • 913 11 Reuters [DAHEGAON, India] IN the searing summer heat of India's vast western plateau, Pramod Khandale's lifeless body hung from a tree for four days, bloated and rotting, before his neighbours spotted it. Only days before, the young farmer was planning to sow
      Reuters; AFP  -  913 words
  • Page 11 Advertisements
    • 171 11 SPIRE SPIRE INVESTMENT HOLDINGS LIMITED (Company Registration No. *****1954N) (Incorporated in the Republic of Singapore on 14 February, 2006) An opportunity to invest in the growing Indian Real Estate Sector Invitation in respect of an initial public offering of 35,000,000 "A" ordinary S$ shares at an offer price of S$1.00
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  • MALAYSIA
    • 432 12 AP [KUALA LUMPUR] British Prime Minister Tony Blair's wife is at the centre of a legal wrangle in Malaysia over whether she can represent a company in a controversial court case involving the country's ex-finance minister. Cherie Blair, a prominent
      AP  -  432 words
    • 2373 12 vol Gamuda .3.38 -0.06 736 J—1 MH OOP) General Corp 0.59 -0.01 122 Genting .23.00 0.50 1930 A M Realty 136 0.01 2 George Kent 0.50 -0.01 2433 Abric 0 32 0.00 55 GHL Systems 0.21 -0.01 2285 ACP Industries .0.82 -0.04 267 GlobetronicsTech 0.31 unch 137 Advance
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    • 440 12  -  Tasked with plan to develop the region, Khazanah looks for discussions with S'pore officials By PAULINE NG in Kuala Lumpur BUSINESSES from Singapore could soon be invited to help with the plans of the Malaysian government investment holding company Khazanah
      440 words
    • 483 12 RMl.7b earmarked for India, RMl.3b for M'sia and the rest for Indonesia Reuters [KUALA LUMPUR] Maxis Communications Malaysia's largest cellphone firm by users said yesterday that it plans to spend RM4.I billion (Ssl.B billion) on capital expenditure in Malaysia, India
      Reuters; REUTERS  -  483 words
    • 559 12 [KUALA LUMPUR] Rashid Hussain Bhd (RHB), parent of the country's fourth-largest bank, won a threemonth extension from creditors to repay the first tranche of a bond due at the end of last month, reported Malaysia's Business Times, citing bankers familiar with the matter.
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  • GREATER CHINA
    • 716 13 Gain gives bank US$l06.7b market value, making it 8th biggest globally Bloomberg [HONG KONG] The shares of Bank of China Ltd (BOC) the nation's No 2 lender rose on their first day of trading in Hong Kong after investors ordered about 17
      Bloomberg; REUTERS  -  716 words
    • 626 13  -  CHINA INSIGHT Ex-World Bank chief paints a rosy picture of China but ignores problems relating to its rapid rise JEREMY HUREWITZ in Shanghai JAMES Wolfensohn, the former two-term head of the World Bank, spoke to a select group of people last week in Shanghai at
      626 words
    • 537 13 AP [HONG KONG] Mainland property investment trusts, which pool the capital of wealthy Chinese investors, have developed a niche market in lending to smaller developers left out in the cold by Beijing's efforts to curb property speculation, according to
      AP  -  537 words
    • 474 13 Scandal involving his son-in-law is the reason, says aide Reuters [TAIPEI] Taiwan President Chen Shui-bian has ceded some powers to the Premier in an attempt to deflect growing pressure from supporters and opponents alike to resign, but the media said yesterday it was
      Reuters  -  474 words
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    • 78 13 Rice Recipes! Brown Rice w Herbs and Cashew Nuts Cantonese Claypot Rice Japanese Rice in Green Tea with Salmon Traditional Nonya Dumplings I Sweet Coconut rice with Tropical Fruits Japanese Spend a day on a farm sushi-making Bjßßw trail and visit: workshop goal farm Seaweedßoll Chicken Katsudon IS 9 r
      78 words

  • INDIA
    • 283 14 AFP [DUBAI] Dubai real estate company Emaar Properties said on Wednesday that it had signed a memorandum of understanding with Pakistan for a deal worth US$lB billion to build a leisure and commercial development. The deal with Pakistan's Port Qasim Authority is
      AFP  -  283 words
    • 740 14  - HarleyDavidson eyes huge Indian market next By SIDDHARTH SRIVASTAVA in New Delhi THE symbol of ultimate American machismo, the iconic Harley-Davidson motorbike maker has set its sights on India, after opening its first dealership in China. Harley is looking to tap the growing population of young people (500 million under
      AP  -  740 words
    • 612 14 Govt probes firm's activities after objections by security agencies Economic Times [NEW DELHI] Despite claims of strategic partnership with China and the growing economic relations with that country, India has put on hold Chinese giant ZTE Telecom's plan to enter wholesale
      Economic Times  -  612 words
    • BRIEFLY ASIA
      • 110 14 Reuters [TAIPEI] Powerchip Semiconductor Corp, Taiwan's top memory chip maker, will boost its 2006 capital expenditure to NT$7O billion (553.45 billion) from NT$6O billion to increase production capacity. The funds would be used to increase output at one of its 12-inch memory chip factories,
        Reuters  -  110 words
      • 119 14 Bloomberg [PARIS] PSA Peugeot Citroen, Europe's No 2 carmaker, denied that it has any plan to form an alliance with Proton Holdings Bhd, Malaysia's biggest automaker. The company did hold talks with Proton, as it does with all carmakers, but reached no agreement with the
        Bloomberg  -  119 words
      • 60 14 Bloomberg [BEIJING] DaimlerChrysler AG, the world's fifth-largest carmaker, said it may begin building small cars in China to tap rising demand for fuel-efficient vehicles. "DaimlerChrysler is considering building a B-segment vehicle," Trevor Hale, the company's Beijing-based spokesman, said yesterday. "If we were to
        Bloomberg  -  60 words
      • 97 14 Bloomberg (JAKARTA] Relief workers found more bodies in Indonesia's earthquake-devastated central Java region, raising the death toll to 6,234 people in the worst natural disaster in the South-east Asian nation since the 2004 tsunami. Indonesia's government and aid agencies are struggling to provide supplies
        Bloomberg  -  97 words
    • 566 14 Consumer spending has boosted economic growth, higher fuel prices imminent Bloomberg [MUMBAI] India's central bank may raise its key interest rate in July for a second time this year to curb inflation, after consumer spending spurred faster economic growth and
      Bloomberg  -  566 words
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  • ASIA-PACIFIC/WORLD
    • 563 15 Divulging non-exec pay wilt cause jealousy, help recruiters steal talent, say firms Bloomberg [WASHINGTON] US Securities and Exchange Commissioner Annette Nazareth said the agency shouldn't make companies disclose what top employees earn, a sign that the entertainment and financial industries
      Bloomberg  -  563 words
    • 519 15 Reuters [SEOUL] The chairman of Hyundai Motor Group appeared in court wearing blue prison stripes yesterday and apologised for wrongdoings. He blamed his drive to create a global carmaker. The start of Chung Mong Koo's trial puts the spotlight on management shortcomings at South
      Reuters; REUTERS  -  519 words
    • 384 15 Bloomberg [SEATTLE] Google Inc, owner of the most popular Internet. search engine, won't build its own Web browser and said that efforts to expand into print advertising are moving more slowly than the company expected. Sales of print ads are "still in the
      Bloomberg  -  384 words
    • 285 15 LATEST US DATA AP [WASHINGTON] Overall US construction activity suffered its first setback in 10 months in April as residential homebuilding dropped, the government reported yesterday. The Commerce Department said that total construction spending dipped by 0.1 per cent in April, the first setback
      AP  -  285 words
    • 512 15 Reuters [NEW YORK] US stock investors bade good riddance to May on Wednesday, a month that whittled away most of their gains for the year and reintroduced them to the whiplash world of volatility. Yet once the dust settles, the month
      Reuters  -  512 words
    • WORLD WATCH
      • 76 15 Bloomberg [NEW YORK] NYSE Group Inc chief executive John Thain said a definitive agreement to merge with Paris-based Euronext NV to create the first transatlantic securities market may happen in days. "A definitive agreement could happen soon," he told reporters yesterday in New
        Bloomberg  -  76 words
      • 108 15 Bloomberg [LOS ANGELES] Time Warner Inc yesterday began selling films including Harry Potter and the Goblet of Fire and television shows such as the Dukes of Hazzard over the Internet using the Cinema Now Inc download service. Beginning with Firewall on June 6,
        Bloomberg  -  108 words
      • 96 15 Reuters [PARIS/LONDON] Anglo-French Channel tunnel operator Eurotunnel unveiled its long-awaited debt restructuring deal on Wednesday, backed by three international banks. Under the plan, Eurotunnel's £6.2 billion of debt would be cut by 54 per cent to around £2.9 billion, with the banks involved issuing around
        Reuters  -  96 words
      • 70 15 Bloomberg [TOKYO] Sony Corp, the world's second-biggest consumer electronics maker, will begin paying retiring executives with stock instead of cash to encourage managers to help raise the company's share price. Compensation for board members and corporate executive officers will be determined by the
        Bloomberg  -  70 words
      • 63 15 Reuters [NEW YORK] Wal-Mart Stores Inc, the world's largest retailer, is considering selling ethanol-based fuel at its more than 380 petrol stations, the Wall Street Journal reported on Wednesday. The retailer held an alternative fuels summit in Washington this week to explore plans to
        Reuters  -  63 words
      • 65 15 AFP [WELLINGTON] New Zealand's richest man Graeme Hart may attempt a takeover of troubled Telecom Corp after its recent share price slide, a report said yesterday. There have been rumours that Mr Hart, whose Australian business Burns Philp has a NZ$3.5 billion cash pile,
        AFP  -  65 words
      • 39 15 AFP [LONDON] L'Oreal, the world's leading cosmetics company, announced yesterday that it now owns 95 per cent of Body Shop International, the British firm renowned for its ethical hair and skin products. —AFP
        AFP  -  39 words
  • Page 15 Advertisements
    • 1001 15 >AT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMBIOG ASIA PACIFIC PTE. LTD. (ltagi*tralion No. *****2135 D) (In Member's Voluntary liquidation) NOTICE OF RESOLUTIONS [Pursuant to Sodion 290(2 )(b|] An Extraordinary General Meeting of the Company deemed to have been convened pursuant
      1,001 words

  • AVIATION
    • 601 16  -  Interim approval given by ACCC; CCS yet to announce its decision By VEN SREENIVASAN [SINGAPORE] Jetstar Asia and Valuair can go ahead and implement their collaboration on airfares, schedules and network routing with their parent Qantas and sister airline Jetstar even before the
      601 words
    • 468 16  -  More S'poreans book their flights, hotel stays earlier By SWATI CHAUDHARY [SINGAPORE] Travelling is becoming a more organised activity for regional jet setters, with most booking their flights and their hotels much earlier than before, thanks in no small way to online booking,
      468 words
    • 440 16 AP (ATLANTA] A bankruptcy judge has approved the US$2BO-million-a-year concessions agreement between Delta Air Lines and its pilots, rejecting claims by the government's pension insurer that it should receive the compensation the pilots were promised if their pension is terminated. The decision on Wednesday came
      AP  -  440 words
    • 253 16 AFP [PARIS] World airlines enjoyed robust growth in passenger and freight demand in the first four months of 2006 despite rising oil prices that could spark a near 10-per cent spike in fuel bills this year, the International Air Transport Association (lata) said yesterday. The
      AFP  -  253 words
    • 2211 16 CITY HJCHT ITA FUdT HO SQ143 153S VF541 1630 GA840 1640 S0146 1640 S0455 1135 A***** 1805 GA841 17S5 LW771 1750 LH9770 2345 "06 SQ148 1900 agizg as —gjs m j s :?:i Amfttrdwn L***** 0630 AZ3993 2255 8564— ?Q4?$ 2Q3Q SQ323 0630 KL838 2255 0*626
      2,211 words
    • 273 16 Reuters [BEIJING] A homegrown Chinese regional jetliner, which the government hopes will take on the likes of Bombardier Inc and Embraer, is set for its first flight in 2008, a state newspaper said yesterday. The 70-seat ARJ2I is looking for a slice of
      Reuters  -  273 words

  • SHIPPING
    • 860 17  -  It sees transfer of terminal as a purely commercial transaction By DONALD URQUHART [SINGAPORE] In stark contrast to the furore that erupted in the US over Dubai Ports World's acquisition of six US container terminals, the Canadian Port of Vancouver saw the
      860 words
    • 749 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR AN Australian government vessel that sank late last year in the Torres Strait off northern Queensland killing five people, including a four-year old girl, was a tragedy waiting to happen, an investigation report found last month.
      749 words
    • PORT SHOTS
      • 80 17 Bloomberg {OSLO] Golar LNG Ltd, a Bermuda-based owner of liquefied natural gas (LNG) tankers, said first-quarter profit rose 58 per cent after it took delivery of an 11 th vessel and shipping rates increased. Net income climbed to U5527.9 million, or 43 US cents
        Bloomberg  -  80 words
      • 65 17 Reuters [BRUSSELS] The French government's once controversial privatisation of loss-making ferry operator Societe Nationale Corse Mediterranee (SNCM) got the all-clear from the European Commission on Tuesday. The Commission said in a statement it had approved the acquisition of control of the company by
        Reuters  -  65 words
      • 87 17 Reuters [HONG KONG] Dry bulk shipping group Pacific Basin Shipping Ltd said late on Monday it would acquire four handysize dry bulk carriers for U5593.9 million. Pacific Basin said it would buy a four-year-old handysize dry bulk carrier from Sesoda Steamship Corp for U5523.5
        Reuters  -  87 words
    • 197 17 AP [KUALA LUMPUR] Malaysia yesterday urged countries and shipping companies to emulate a Japanese organisation and bear the cost of law enforcement in the piracy-afflicted Malacca Strait. Deputy Prime Minister Najib Razak said the private Japan-based Nippon Foundation is the first to contribute
      AP  -  197 words
    • 458 17  -  Parts of 30-year port concession to be renegotiated By DONALD URQUHART [SINGAPORE] Dubai Ports World looks set to again become embroiled in others' domestic political problems after Yemen's president instructed officials to renegotiate parts of a 30-year concession awarded last year to operate Aden
      458 words
    • 277 17 sgx .9MMMP* 0 JH aw- vol CH Offshore .035 unch 156 Oman Hup 0.31 -0.01 140 Cosco Corporation.. 131 0.04 6008 CWT Distribution 124 unch 75 EzraHldgs -2.41 -0.09 402 FreMitunks. .0.06 -0.01 1000 Grand Banks Yacht 0X7 unch 0 Java Holdings 138 unch 74 K< Venture!.... -0.32
      277 words
  • Page 17 Advertisements
    • 113 17 EAF (ASIA/EAST AFRICA) FORUM Rate Restoration effective 1" July 2006 In order to maintain a high standard of service to their customers, member lines of Asia to East Africa Trade Agreement wish to inform the trade that a rate restoration will be implemented with effect from Ist July 2006. The
      113 words

  • EDITORIAL & OPINION
    • 536 18 EDITORIAL MARK Twain was obviously writing with tongue firmly in cheek when he warned that May is an especially bad month to invest in stocks. "The other bad times are January, February, March, April, June, July, August, September, October, November and December." In any event,
      536 words
    • 944 18  -  It is one of China's top cities to live in with booming service and real estate sectors By NICOLE LIANG HUI MEI FORawhile.it seemed as though the only area in China to invest in was manufacturing. Cheap labour, low start-up costs and an abundance
      AFP  -  944 words
    • 802 18  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent PREPARE for another long bout of European Union soul-searching. After a year spent wringing their hands over whether to bury or revive the EU Constitution following its rejection by French and Dutch voters last year, the
      802 words
    • 1066 19  -  World Bank-IMF September summit will seek new solutions for poverty and distil lessons learnt from 1997 regional crisis By PETER L STEPHENS THE last time the World Bank and International Monetary Fund (IMF) held their annual meetings in Asia in Hong Kong in 1997 the
      REUTERS  -  1,066 words
    • 889 19  -  ANDY MUKHERJEE Bloomberg MORGAN Stanley chief economist Stephen Roach is wondering how India will create jobs in factories that are "more heavily populated by robots than by human workers." It's a valid question. And the only answer seems to be, "by
      Bloomberg  -  889 words
    • 828 19  -  By MATTHEW LYNN Bloomberg IF YOUR screen freezes, try ignoring it. As that report you've spent a week working on gets chewed up by the hard drive, shrug and forget about it. Whatever happens, don't call the exhausted souls in
      Bloomberg; AFP  -  828 words


  • 10721 20 SGX MAINBOARP 52 WV T4 lad Vol Day Lact Quote GrOfv Dtv GrVM Not MCu High low Codo Comply Solo 0000) High Low »"y» So«or Cvr fit Sua 5 1 5716 1st Software Sc 2.5 unch 580 2.5 2.5 2.5 3 10.1 16 6 3148 8TelecomUS2c 7 unch
    10,721 words

  • 6357 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local tmt to SS In USS *dy *r %dy %r dy M»y31 Iratoai Changi Chang* Ounge Chang« Change Ch»ng» World Indea Preliminary 9823 04 14 03 -04 02 5.1 iWiMlBH 9H4 CJtt U 413 30 44 &7 ruinpe Preliminary CTL7 1.1 U
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  • Page 22 Advertisements
    • 1916 22 UK COMTIMEMT 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 _J Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./B.E.A. SERV.CE 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
      1,916 words
    • 779 22 lintwasu tono SERVICE vbm/voy gjjgfm mamw kg km ia i I jkt STRAITS VENTURE W/06 IS 3.2 25/05 28/05 01/0* 04/06 06/0* STIAITS VENTURE 10/06 IS J. 2 08/06 11/06 15/06 18/06 20/06 |STCAITS VENTURE 11/06 15 3.2 22/06 25/06 21/06 02/07 04/07 [AUSTRALIAN RQRQ SERVICE 1 VBSa/VOT |mWttD|«GHKM)| L
      779 words

  • Page 23 Advertisements
    • 1442 23 WAN HAI INTERNATIONAL PIE LTD a NO: IWSttOOOO/i m m a |||B|i T1L*****588 (14LNCS) FAX:*****163 V\M4 1 WAN HAI I INr\ £«♦«■*Sarvke/lootings»*ctUm• (1800)*****200 11V I Iftll llfll bllllil# PU IB: (03) 334MK1 FAX: (03) *****258 KN IB: (04) *****00 FAX; (04(*****99 JOH IB: (07) *****23 FAX: (07)*****21 SW IB: 1031)
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    • 1054 23 |Tin EASTERN CAR LINER, LTD SPECIALIZE IW ROWO C HEAVY LIFT UPTO 450 TONS~] IMTtA-ASIA SttVKI VOY Ufttof Id SIN PGU PKUN) PKI(W) PNN JKT LCI MUA SIN UPG ITU LILAC AC! 39 30 IPT 05/04 MM Hilt Iff —58 —im ***** MEBUON ACE 27_ 30 To7oT "WOT 14/04 "Tt7oT
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    • 806 23 m WEEKLY EXPRESS SAILING SCHEDULE II ALSO ACCEPTING TO ALL NORTHERN AND WESTERWICDPOIHTn IvKSII I VOY I SW I ULANcIcOUHAM) llt SHIVA ICOUMMO I IMALSO ACCEPTMG Fa TO aXHM. TIinCORIN (VU COUMM) AND UMU t 60AI |(VU N SWVA) CONNKTMG MOTHB VSU TO HMK (FaiXSTOWt, ROTTBOMM |iw—tl AND EAST COAST
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  • Page 24 Advertisements
    • 888 24 m*. Ia I f>x liJ W: 65-*****907 Foe *****917 Nordana (Asia) Pte Ltd umMmMum 70 SbMtM Way, *21-03 Marino Hows* Sin|apir> *****1 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES IVISSa VOY Shwiri ft—ilh fates hfad Chrfafw Ithd PukGd— kfand Excess litflS QZJlffl
      888 words
    • 648 24 —sfe— SrfT-fe —SmjBIBL Bjl, =^=§==::ipgMMl WW H/M 11/65 1 I HKUU IHI »S/W Mk»U mm JT7H 6FR MCMNGU 8& H7OS s§g 1 tfjj=| 1 IT I 1 a™ —ay £17mL r. g jg„ Ife |It §fI jgjH lam Iw\ iiii! I -Jm I**llEg |f jg r j;g g| fa|S vtssa
      648 words
    • 419 24 BSAi i sß l !^^Br o MYANMA WBm FIVE STAR UNE (My—r National Um) Loodißf far Ym 9 m vtssa vor s* pn pen pgu OM SHWE HAW WW SU> PAGAN J49W SU IN MALAYSIA: NMISTEAD SHIPPING AGINCIIS KIH/PKL: 03-*****381 PEN: 04 *****15 ACCEPTIW6 COIVEMTIOiAL CBO VBSa vor hk m
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6620 25 This ETA ETA Advtrtstr Vassal Voyag* Utaphom ETA ETA AdvsrtiMr Vessel Voyage Telephone SIN DaCa Nana Nana Number Number SIM Oast'n Nana Nana Number Humbar 04/07 18/07 China Shpg ZIM JAPAN 05 3W *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire To HAIPHONG (HPH) 2147
      6,620 words

  • executive lifestyle
    • 1615 26  -  The exclusive factor in showflat parties has gone up by a few notches judging from some recent upscale property launches. JAIME EE looks at what goes on at these parties JAIME EE WAYNE Bell cuts a dashing figure in his morning suit. It perfectly matches his impeccable manners,
      YEN MENG JIIN  -  1,615 words
  • Page 26 Advertisements
    • 180 26 PROFILE Raphael Millet: Recalling S'porecinema PG29 Pictured here is the Dell™ 3007WFP Monitor, optimized for video and photo editing as well as lor high resolution 3-D modeling, pre-press fTI editing, CAD design and gaming applications making it ideal for graphics professionals, computing enthusiasts and gamers. The contest is from 26th
      180 words

  • WINE
    • Article, Illustration
      1275 27  -  SAMUEL EE gives some tips on storing wines in chillers and looks at the models available on the market SAMUEL EE SO you don't have an unused bathroom or swimming pool to convert into a walk-in wine cellar. But you still need a proper place to stash your
      1,275 words
    • 947 27  -  By N K YONG THE performance of a Japanese prima ballerina in the leading role in Tchaikowsky's Swan Lake ballet at the Vienna State Opera, with her impeccable balance, precision and fluid movements encapsulated for me the quintessence of the art of classical
      947 words

  • BOOKS/CINEMA
    • 277 28  -  DVD By UMA SHANKARI NOEL, an offering that hit Singapore during last year's Christmas season, really, really wants to be a heartwarmer, but does not succeed. The movie, which marks The Usual Suspects' actor Chazz Palminteri's directorial debut, is well-inten-tioned and aims to be
      277 words
    • 684 28  -  WORDS FROM THE TOP Sam McDonagh, marketing director of eBay Southeast Asia, talks to PARVATHI NAYAR about the adventure of reading books PARVATHI NAYAR Q. Among the books you have bought for yourself on eßay, is there any one that is special? A. Catcher in the
      YEN MENG JIIN  -  684 words
    • Article, Illustration
      442 28 A fortnightly listing of the latest books available in S'pore Fiction The Tenth Circle by Jodi Picoult ($17.80) A chronicle of American life where the relationship between parent and child is explored through revelations of letting go. Challenger Park by Stephen Harrigan ($44.95) Harrigan's new novel explores space
      442 words
  • Page 28 Advertisements
    • 620 28 It's known by many names, but a true whisky by any other name is still a Jack Daniel's, born and bred in Lynchburg Tennessee since 1866. Using pure cave spring water and a unique mellowing process perfected by Mr Daniel himself, one look at that gorgeous amber-hued bottle, and you'll
      620 words

  • BOOKS/ARTS
    • 822 29  -  PROFILE Raphael Millet talks to PARVATHI NAYAR about his well-researched 'Singapore Cinema' PARVATHI NAYAR 1 i ANG Nila Utama C saw a lion wheir he arrived in Sinj gapore, I saw a movie." So opens the preface by Raphael Millet to his well-researched book, Singapore Cinema ($35,
      YEN MENG JIIN  -  822 words
    • 554 29  -  S'PORE ARTS FESTIVAL By BRYNA SIM "YOUNG people are beautiful. But many of them do not know who they are, or which side they are on," said Franco-Vietnamese choreographer Ea Sola. She hopes that many youths will develop a consciousness about their everyday choices and
      554 words
  • Page 29 Advertisements
    • 109 29 authentic local cuisine: Baht 6,000 Use your Platinum MasterCard Thai massage: Baht 3,300 CcU'C tO book OH6 night cit the Bangkok shopping spree: Baht 20,000 H0W Millennium MlltOH Bangkok JP and get the second night FREE, f|ow there's a more rewarding way to explore the hustle and bustle ofThailand's most
      109 words

  • S'PORE ARTS FESTIVAL
    • 447 30  -  AARON LYE previews SITI Company's Asian premiere of Death and the Ploughman AARON LYE THE source material for Johannes von Saaz's Death and the Ploughman may be over 600 years old, but that doesn't daunt SITI Company the least. In fact, so confident are they
      447 words
    • 373 30  -  By SANGEETHA MADHAVAN THE Theatre Practice's (TTP) street shows every other Sunday in front of their premises at Waterloo Street were so successful that the Singapore Arts Festival (SAF) asked them to stage a bigger version as part of the festival's fringe programme. That
      373 words
    • 288 30  -  By SANGEETHA MADHAVAM TEXT messaging has creeped into popular culture. But in theatre? A group of Australians are in town to show just how. In an interview, producer Saskia Moore of Vanilla Productions explains the concept, which is essentially an updated Whose Line is it
      288 words
  • Page 30 Advertisements
    • 37 30 USUI] j Sunday Brunch! x%" 98 fK9B^ :^Esi^Hß9^^Ls^H9^Vl9 I > > '|f v'\ r •> t > rj \f > T Price: $68+++ (Free Flow) Yts£^[ RSVP: 6224 3534 Address: 21 Club Street xA* w Time: 11.30 am 4.30pm j (Kindergarten available)
      37 words
    • 46 30 V I N U M FINE WINE MERCHANTS SII6APOIE* KUALA LUMPHI BANGKOK Please contact us for full Terms Conditions of the offer Vinum Fine Wine Merchants Shaw Centre Tel. 6735 3700 Fax. 6734 2688 eMail. shaw_ctr@vinum.com.sg Raffles Link Tel. 6438 6366 Fax. 6438 6566 eMail, raffleslink@vinum.com.sg
      46 words
  • Page 30 Miscellaneous
    • 203 30 CRYPTIC CROSSWORD conipor Tern 1 Meaning to accommodate Amencan priest, despite anxi- jn g aquatjc bjrd (55) YESTERDAY'S SOLUTION 2 Half hour in aaol could trans- 15 Britist fri nd re P orted, y Across: 1 Braced, 5 Ungulate, 9 ri h! caused a fuss (8) Agonised, 10 Repast, 11
      203 words


  • FRENCH FLAIR
    • 608 32  -  French envoy and diplomats in S'pore tell NOOR AISHA what their country aims to do with the Musee du quai Branly, a museum devoted to non-European civilisations slated to open to the public on June 23 NOOR AISHA SITUATED along the River Seine in Paris,
      AP  -  608 words
    • 650 32 French President Jacques Chirac himself has this to say about the Musee du quai Branly THE creation of the Musee du quai Branly, an original institution entirely dedicated to the arts of Africa, Asia, Oceania and the Americas, is the result of a political
      BLOOMBERG  -  650 words
  • Page 32 Advertisements
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    • 38 32 VZ9MMH Renault was founded in 1898 m Paris. By 1929, Renault was represented in forty-nine countries in Europe, North and South America; Africa and Asia. Today, j Renault is a group with industrial and' commercial presence in HBcountries.
      38 words