The Business Times, 5 June 2006
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2006-06-05
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The Business Times
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Title Section16 2006-06-05 1 THE BUSINESS TIMES MICA (P) 099/03/2006 Monday June 5,2006 SINGAPORTBS cents online at http://business-times.asia 1 .com.sg16 words
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Article, Illustration812 2006-06-05 1 KALPANA RASHIWALA - Clearer picture seen emerging after award of Somerset Central site By KALPANA RASHIWALA [SINGAPORE] The ageing Specialists' Shopping Centre along Orchard Road could finally make way for a new project under proposals to redevelop the site together with the former Glutton's Square plot next door,YEN MENG JIIN - 812 words
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522 2006-06-05 1 WEE LI-EN - But profit margins seen hit by cost competitiveness By WEE LI-EN [SINGAPORE] Local medium-sized companies are more confident about employment growth this year than they were last year, a survey has found. About 150 mediumsized Singaporean companies surveyed by Grant Thornton expect employment522 words
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Article139 2006-06-05 1 MARKETS WMk Chg* ST1 .2419.42.—-25.60 KLSE COMP 930.72 -0.03 NIKKEI 225 *****.31 .-181.45 HANG SENG *****.71 —+17.61 SET INDEX 722 .61 ♦S.11 JAKARTA COMP ...1347.69 +24.54 MANILA COMP ....2304.17 +3.78 TAIPEI TAIEX 6959.64 +W.13 SEOUL COMP 1309.04.—-1339 SHENZHEN B .301 96 +130 AUST ALL ORD 5040.40 +25.70 DOW139 words
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Page 1 Advertisements
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Advertisement41 2006-06-05 1 ■■POTI arts FESTIVAL Shanghai star PAGE 14 NYSE chiefs next target is an Asian bourse page 19 BBQ BUFFET DINNER AND LUNCH V v| AT GRAND HYATT g> Ml CjC.uU'.d by f'K I'K/'/l I I'VUi-.'; VV'!"'- f M;[;[ HF HVA,f Oasis41 words
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Advertisement7 2006-06-05 1 YOUNG INVESTORS'FORUM Making the right MBA choice7 words
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Advertisement38 2006-06-05 1 a DINING OUT Imaginative cuisine PAGE 12 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asia 1. com.sg. For more information, e-mail btocs®sph.com.sg or call 6388-3838.38 words
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TOP STORIES
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Article517 2006-06-05 2 Southern Bank fined for disclosure breach SOUTHERN Bank has been fined RM2.6 million (Ssl. 1 million) for breaching a disclosure rule. Analysts and bankers believe that the fine may be due to Singapore investment company Temasek Holdings having more than 5 per cent of its shares late last517 words
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501 2006-06-05 2 NEIL BEHRMANN - New S'pore market also expected to join the fray soon By NEIL BEHRMANN in London AIM, the London Stock Exchange's (LSE) junior exchange, is readying itself for competition from newly created junior exchanges in Europe and an expected new Singapore market. Indeed,501 words
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Article, Illustration591 2006-06-05 2 Consortium expected to up ante after Ferrovial raises offer today Reuters [LONDON] A consortium led by US investment bank Goldman Sachs Group is preparing a £10 billion (5529.4 billion) bid for British airport operator BAA pic, according to one media report. The SundayReuters; BLOOMBERG - 591 words
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Article, Illustration751 2006-06-05 4 MATTHEW PHAN - IR sector small but driven by maturing markets, desire for transparency By MATTHEW PHAN [SINGAPORE] Investor relations is still a relegated function at many companies, but increasing competition in Singapore's capital market and greater demand for transparency mean the field could take off. At least,751 words
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402 2006-06-05 4 Fine may be result of Temasek holding shares amounting to over 5% [KUALA LUMPURI Southern Bank Bhd (SBB) has been fined RM2.6 million (Ssl.l million) by Bank Negara Malaysia for breaching a banking regulation, Malaysia's Business Times reported Saturday. The bank made402 words
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436 2006-06-05 4 LESLIE YEE - By LESLIE YEE [SINGAPORE] Seeing tremendous opportunities for growth in the use of the public-private partnership (PPP) model to develop projects both here and in the region, Ernst Young is in the process of setting up a specialist PPP unit436 words
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Page 2 Advertisements
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Advertisement572 2006-06-05 2 people HR's secret weapon. www.thepeopleatwork com Asm-Pacific fc<ecutive Search PGA TECHNOLOGY UMIED Company Registration No. *****0938N (Incorporated in the Republic of Singapore) Notice of Extraordinary General Mooting NOTICE IS HEREBY GIVEN THAT the Extraordinary General Meeting of the Company will be held at 4 Loyang Laie, #05-02 Loyang Industrial Estate,572 words
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Page 3 Advertisements
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Advertisement8 2006-06-05 3 f "<iii iii|iiii 11 a j^gM|HHMB JAGUAR ,^i^^H8 words
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Advertisement781 2006-06-05 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DARHARNQ INDUSTRY (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****0838W) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of781 words
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Advertisement732 2006-06-05 4 PT International Nickel Indonesia Tbk ANNOUNCEMENT TO ALL SHAREHOLDERS Notice is hereby given that PT INTERNATIONAL NICKEL INDONESIA Tbk (hereinafter referred to as "the Company") will convene an Extraordinary General Meeting of Shareholders of the Company on July 5, 2006 in Jakarta, Indonesia. Pursuant to paragraph 3 Article 22 of732 words
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COMPANY NEWS
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Article, Illustration937 2006-06-05 5 VEN SREENIVASAN - Or even an IR? VEN SREENIVASAN reports on Gallant's big plans for Bintan VEN SREENIVASAN An integrated resort (IR) with a casino in Bintan? Not really a new idea, but it could finally come to fruition if Sesdaqbound Gallant Venture Ltd gets its act together.937 words
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659 2006-06-05 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IT APPEARS that the corporate sector and other segments of the business community such as investment banks and IPO underwriters have objected to the Singapore Exchange's (SGX) proposed amendments to the listing rules that were first publicised659 words
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Article, Illustration361 2006-06-05 6 KALPANA RASHIWALA - Bukit Sembawang to pay $800 psf ppr for property next to Vermont Mansion By KALPANA RASHIWALA BUKIT Sembawang Estates, which bought The Vermont at Peck Hay Road in the Cairnhill area earlier this year, is close to sealing a deal to buy Peck361 words
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223 2006-06-05 6 Bloomberg STATS ChipPAC Ltd. Southeast Asia's largest provider of chip testing and packaging services, had its 12month price target cut by 18 per cent at Morgan Stanley Research Asia, citing a potential oversupply of semiconductors. "We reduce our STATS earnings andBloomberg - 223 words
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425 2006-06-05 6 GENEVIEVE CUA - By GENEVIEVE CUA VOLATILITY has crept up and equity investors have been stung in recent weeks. Sounds like a good time to launch a structured deposit. Capitalising on uncertainty and risk aversion, UOB launches a new structured deposit today that gives investors exposure to425 words
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459 2006-06-05 6 CLARENCE MICHAEL - Pearl Energy's new owner to start marketing today By CLARENCE MICHAEL in Dubai ABU Dhabi-listed Aabar Petroleum Investments Company PJSC, which recently announced the completion of its acquisition of Singa-pore-based Pearl Energy for US$55O million, is launching a US$35O million exchangeable sukuk al-mu-darabah (Islamic459 words
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Page 5 Advertisements
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Advertisement48 2006-06-05 5 llfalilfjfl|[pra Why you should invert in nr. •Award winning brands-Banyan Tree and Angsana Strong financial trade record I jftUj I. v I I •Complementary product offerings and integrated business model enhance resilience •Proven and experienced management team StSrong operating performance for managed resorts and hotels flH|^HH|HHH|HH|H|HHflHHHH^^^^Hg^H|^^^^^^^^^^^^H A wi-<-48 words
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Page 6 Advertisements
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Advertisement27 2006-06-05 6 I r i fliV sin 9*P<>r* AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-189 9988 (OFFICE HOURS). wAIS %S Mdings27 words
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SINGAPORE MARKETS
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Article, Illustration678 2006-06-05 7 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE reality television programme Survivor requires its participants to "outwit, outplay and outlast" one another in order for someone to eventually emerge the winner and claim the million-dollar prize. It's a game of guile, cunning and endurance678 words
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Article466 2006-06-05 7 COMMODITIES AFP [LONDON] Commodities prices mainly headed lower last week, led by metals, which are pausing for breath after recently striking record and multi-year high points. Gold: Gold prices hit U*****.10 per ounce on Friday, the lowest point since April 25. On the London BullionAFP - 466 words
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Article, Illustration1830 2006-06-05 7 Consensus No.of Forecast Mean Thur's Consensus No.of Forecast Mean Tint's recommendation esti- EPS PC target price recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name This wk last mth mates (cents) (ratio) price Advanced Holdings 1.00 1.00 3 5.961,830 words
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Article827 2006-06-05 7 Payment Ex looks Pay Payment Ex Books Pay IQSl «CtS close j«s_ ISttl— djte dose Advance Modules y 2.21 1S-Jun 20-Jtf> 10-Jul JMH t US35.65 1»Apr 24-Ag 21-Jun <"Ud x 0.93 15-Jai 20-kw 3frJun JSH t US11 IMer 2*Agr 21-Jun Amara Hldgs b 0l50 09-Jm l»to 28-Jw Lee827 words
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310 2006-06-05 7 CURRENCIES AFP [HONG KONG] Asian currencies fell against the dollar during the week, with speculation that the US Federal Reserve would raise interest rates after records from its May meeting showed concerns about inflation. Japanese yen: The yen lost ground against the dollarAFP - 310 words
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Article, Illustration1457 2006-06-05 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent IT has been another volatile week in the global stock markets. The Straits Times Index loss 25.6 points, bringing its losses in the last four weeks to 213 points. The UOB Sesdaq Index also chalked up its fifth week of declines1,457 words
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Article, Illustration1218 2006-06-05 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI THE buying was strong for the second straight week as buyers continued to take advantage of the market's weakness. A total of 40 shareholders of 39 firms recorded 75 acquisitions worth $18 million last week based on filings1,218 words
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SINGAPORE NEWS
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Article, Illustration550 2006-06-05 9 CHEN HUIFEN - They must prepare their execs as workforce becomes increasingly mobile and multi-cultural By CHEN HUIFEN WHAT can one learn from the outcry over the Danish cartoons, or the protests against The Da Vinci Code book and movie? It is that people from550 words
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Article214 2006-06-05 9 DATE/ TIME EVENT VENUE 6 June 21 Business Success Tips YMCA Fort Canning 7.00pm That Get Fast Results Lodge Hotel, 8 Fort Canning Road 7 June Lecture Curatorial Tour of National Museum of 7.00pm The Scenic Eye Exhibition Singapore, Seminar by Curator, Wolfgang Room, 93 Stamford Storch Road214 words
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315 2006-06-05 9 AP SINGAPORE yesterday urged Asian nations to work together on practical steps against threats like terrorism and bird flu, noting that cross-border cooperation had proven successful in fighting piracy in the Malacca Strait. "The security and economic well-being of all ourAP - 315 words
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Page 9 Advertisements
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Advertisement28 2006-06-05 9 Ifo €jH&. I I Foreign developers I I next to be I I affected owing tol I forthcoming I I curbs on China I I property market I28 words
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Advertisement302 2006-06-05 9 cathav m V anniversary W3< A o mark our 60th anniversary, we're giving away retro hand luggage. v j us t purchase a Business Class ticket to anywhere and one of these classic Airline of the Year 2006 bags is yours.* These limited-edition bags are a way to share our302 words
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VIEWS FROM THE TOP
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Article, Illustration2340 2006-06-05 10 THIS WEEK'S TOPIC What impact will Japan's economic recovery have on Asia? Will Japan resume its role as the region's economic leader? JAPAN is a critical economy in the global mosaic. However, 1 anticipate its future role could best be described as "premium niche" rather than the2,340 words
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Page 10 Advertisements
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Advertisement70 2006-06-05 10 BT CEOs e-Ciub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one; with interaction mainly via e-mail. Each week, we will invite comments from these top executives70 words
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Page 11 Advertisements
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Advertisement7 2006-06-05 11 4UIISS O ÜBS 2006. Ail rights reserved.7 words
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DINING OUT
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Article, Illustration1258 2006-06-05 12 The Square, Novotel Clarke Quay 177 A River Valley. Tel: 6433-8790 CLARKE Quay is hopping and it looks like the Novotel Clarke Quay is catching in on the action. The former Hotel New Otani has since given way to a brightly refurbished Accor chain hotel, and considering the1,258 words
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Page 12 Advertisements
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Advertisement211 2006-06-05 12 2 4 For two weeks only from 3 to 18 June, Goodwood Park Hotel's Gordon Grill is proud to A present Guest Chef Rene Dittrich from Two-Star Michelin Restaurant Talvo in St. Moritz, A r A Switzerland. European food critics have praised the style of cooking and food there as211 words
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Advertisement1327 2006-06-05 12 SINGAPORE BRANCH J.Y. Linn. C.H. Lin. H.N. Kuci. I President and Managing Director: Yi-Hsiung Chang Z.M. Peng, H.M. Hsu, T P. Lee, P.M. Cheng, I Managng Director: H.Y. Lu, Y.H Wang. W.P. Kuo T.Y. Chen, H.F. Huang Supplementary Information Capital Adequacy Ratio: ■HHHUUfiUMaBUaJUIBfIHHH December 2005 December 2004 Unit NT$l,OOO (NTS1,327 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration604 2006-06-05 13 SIM PING KHUAN - So you've set your heart on getting an MBA? SIM PING KHUAN lists out a wide array of MBA programmes and schools in Singapore and the US to choose from SIM PING KHUAN MBA Programmes offered in Singapore INSTITUTION NAME Of ACCREDITATION COURSE BRIEF DESCRIPTION604 words
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Article, Illustration737 2006-06-05 13 SWATI CHAUDHARY - CAMPUS LIFE Here's a device that makes it easier to move around abroad. SWATICHAUDHARY reports SWATI CHAUDHARY FOR Desmond Pan and Tan Hong Chen, final-year students at Nanyang Technological University (NTU), it was the thought of their supervisor having to sketch out his food orders atYEN MENG JIIN - 737 words
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Page 13 Advertisements
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Advertisement251 2006-06-05 13 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have251 words
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S'PORE ARTS FESTIVAL
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Article, Illustration646 2006-06-05 14 PARVATHI NAYAR - SITI THEATRE'S DEATH AND THE PLOUGHMAN By PARVATHI NAYAR THERE'S a time to be born, and a time to die and precious little that we can do to change either of these pre-determined bookends to our lives. But that doesn't mean we can't rage against646 words
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Article, Illustration650 2006-06-05 14 SANGEETHA MADHAVAN - JIN XING DANCE THEATRE By SANGEETHA MADHAVAN SHANGHAI Beauty isn't particularly about Shanghai at all, says its choreographer Jin Xing. It could be called China Beauty, says the Shanghai-based contemporary dancer in rapid-fire English about the performance by the Jin Xing Dance Theatre opening650 words
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Article, Illustration501 2006-06-05 14 GRACE CHONG - EA SOLA'S DROUGHT AND RAIN By GRACE CHONG HAUNTING smiles of old women-farmers resonate on a sparse stage. In between the frenzied movement of bodies planting, ploughing, praying, the wrinkled smiles speak of anguish and beauty written in their lives, the natural cycle501 words
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Article303 2006-06-05 14 BSANGEETHA MADHAVAN - 160 CHARACTERS By BSANGEETHA MADHAVAN IRONICALLY, the technology that was touted as the USP of 160 Characters turned out to be its Achilles' heel. Last Friday's show a series of improvised sketches based on text messages forwarded by the audience to an onstage phone was303 words
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ECONOMY WATCH
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799 2006-06-05 15 ANDREW MARKS - WALL STREET INSIGHT After a see-saw week, few traders are bullish as FOMC meeting looms By ANDREW MARKS in New York ALTHOUGH most US stocks squeezed out gains last week, Wall Street seems to have shifted from a Goldilocks point of view on the799 words
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Page 15 Advertisements
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Advertisement2065 2006-06-05 15 PGA TECHNOLOGY LMTED Company Registration No. *****0938N (Incorporated In Vie Republic of Singapore) Notice of tha !Wetflh Anmial General Meeting NOTICE IS HEREBY GIVEN that tie Twelfth Annual General Meeting of the Company wW be held at 4 Loyang Lane #05-02 Loyang Industrial Estate, Singapore *****4 on Wednesday, the 28th2,065 words
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Advertisement48 2006-06-05 15 (3dTI OTI Crossword 2. *****98 sssmssss Across 2. Who makes document management simple? 3. Who provides you with easy to use solutions in a box? Down 1. Who is always there to help? 4. Who makes your work easy? Find oat more at IQOO 799 8585 or www.canon-asia.com/business48 words
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REGION
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Article, Illustration729 2006-06-05 18 PAULINE NG - MALAYSIA INSIGHT Khazanah has shown that it means business despite many sticky challenges PAULINE NG KL Correspondent POSSIBLY no one has had to manage expectations arising from the reform of government-linked companies (GLCs) more than Khazanah Nasional managing director Azman Mokhtar. Following heightened expectations and729 words
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260 2006-06-05 18 But Taiwanese opposition leader seen resisting AP [TAIPEI] Taiwan's President Chen Shui-bian may be forced to appoint the Opposition's popular leader as head of the Cabinet to deflect pressure for Mr Chen's resignation, analysts say but the opposition leader appears to be resisting.AP - 260 words
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488 2006-06-05 18 Reuters [BRUSSELS] The head of Mittal Steel was quoted on Saturday as saying that he would not share takeover target Arcelor, which is trying to escape his 25 billion euro (Sssl billion) bid by lining up a "white knight". The International HeraldReuters - 488 words
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306 2006-06-05 18 Almost half of all new projects in region are in China Reuters [SHANGHAI] China is Asia's hottest spot for hotel development, accounting for nearly half of all new projects in the region, according to an industry report. Of the 386 hotels being actively pursued throughoutReuters - 306 words
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Article, Illustration40 2006-06-05 18 [YOGYAKARTA, Indonesia] A couple waiting yesterday for the start of their outdoor wedding at an earthquake-damaged church nearßantul. south of this Central Java city, just over a week after the disaster that killed more than 6,ooopeople. REUTERSREUTERS - 40 words
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255 2006-06-05 18 Pension fund could pay RMlb for shares, loan stocks Reuters [KUALA LUMPUR] The Malaysian pension fund, the Employees Provident Fund (EPF), has made an offer to buy Utama Banking Group's 32.8 per cent stake in financial group Rashid Hussain Bhd, aReuters - 255 words
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236 2006-06-05 18 Reuters [HONG KONG] Henderson Land Development is delaying or scrapping its planned US$5OO million property trust. Sunlight Reit, amid tepid market conditions, reports said on Saturday. Sunlight, which initially planned to launch its investor roadshow today and aimed to start trading on June 21,Reuters - 236 words
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BRIEFLY ASIA
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105 2006-06-05 18 Bloomberg [BEIJING] Pfizer Inc, the world's largest drugmaker, won the right to be the sole seller in China of its impotence drug Viagra, stopping a dozen Chinese companies from selling cheaper copies. A Beijing court overturned a 2004 decision by China's patentBloomberg - 105 words
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93 2006-06-05 18 Reuters [BERLIN] China must crack down on domestic theft of European firms' copyrights, European Union Trade Commissioner Peter Mandelson was quoted as saying on Saturday. "There is a great deal of theft and counterfeiting of intellectual property in China," he told Germany's WeltReuters - 93 words
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75 2006-06-05 18 AP [LA PAZ, Bolivia] Bolivia on Thursday awarded India-based Jindal Steel and Power Ltd the development rights, to a massive iron mine near the Brazilian border. The company will invest US$2.3 billion in the production of iron and steel plates at the Mutun mine,AP - 75 words
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77 2006-06-05 18 Reuters [SHANGHAI! China will let six insurance firms invest US$6OO million in Bank of China Ltd's Hong Kong listed shares, as it slowly opens the door for domestic insurers to invest abroad, state media reported on Saturday. State media reported earlier thisReuters - 77 words
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158 2006-06-05 18 [KUALA LUMPUR] Some 20,000 Singaporean motorists and other foreigners who drive into Malaysia daily will have to pay a levy of RM2O (558.66), possibly as early as August, Malaysia's New Straits Times reported yesterday. The amount will be payable at exit points and is158 words
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WORLD
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596 2006-06-05 19 US tells Teheran the issue will have to be settled in a matter of weeks Reuters AFP [TEHERAN] Ayatollah Ali Khamenei, supreme leader of the world's fourth largest oil exporter, yesterday said that if the US makes a "wrong move" towards Iran, energyReuters; AFP - 596 words
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Article, Illustration424 2006-06-05 19 Board decides not to split the jobs of chairman and CEO NYT NYT, Bloomberg INEW YORK] The board of Goldman Sachs on Friday elected Lloyd Blankfein, the firm's president and chief operating officer, to succeed Henry Paulson Jr as chairman and chief executive. Mr Blankfein,NYT; NYT, Bloomberg; AP - 424 words
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349 2006-06-05 19 AFP [LONDON] Almost half of the property within London's financial district, the City, is owned by foreign companies, a survey has shown. Some 3.24 million square metres, or 45 per cent of all offices in the financial hub, are owned by foreignAFP - 349 words
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502 2006-06-05 19 Reuters Bloomberg [NEW YORKI NYSE Group chief executive John Thain, who agreed to buy Euronext, said he may turn to Asia next as he seeks to build a global stock exchange. "We've now linked the US and Europe, and so the mostReuters; Bloomberg - 502 words
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344 2006-06-05 19 AP [ROME] A new law requiring visitors to the Italian island of Sardinia to pay fees of up to 15,000 euros (5530,473) to park their boats and planes took effect this month, prompting even the wealthiest to rethink their vacation plans, officials«said onAP - 344 words
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Page 19 Advertisements
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Advertisement176 2006-06-05 19 1 Diners Club Card To apply, ca*****6 0980 OOHI vl World of Exclusive Privileges Treats Diners Club wwu,Jiners.com.sg International- No two chicken dishes ever taste alike, such is the versatility of the meat. You won't be disappointed with this month's healthy poultry creations. Hailing from the Provence of France is176 words
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Advertisement53 2006-06-05 19 Tinatfy avaiCa6Ce here! te-aro Restate BAROSSA VALLEY Premium Shiraz Premium Dry Grown Grenache I Dry Grown BW 40 Holland Grove Rd. Tel: *****053 honjin kushiyaki (Japanese charcoal grill) Chow House #02-00. Tel: 6220 9989 $50 off with every $100 spent (dinner only) Only when you charge to your Diners Club53 words
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Advertisement124 2006-06-05 19 Rice Recipes! Brown Rice w Herbs and Cashew Nuts Cantonese Claypot Rice Japanese Rice in Green Tea wtth Salmon Traditional Nonya Dumplings 1 Sweet Coconut rice with Tropical Fruits Japanese Spend a day on a farm sushi-making BM9K SKfcffia trail and visit: workshop BggfflSfißHH 0081 O Vegetable farm Seaweed Roll124 words
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AVIATION
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Article, Illustration472 2006-06-05 20 Association sees 10% spike in 2006 fuel bills to more than US$l00b AFP [PARIS] Representatives from the world airline industry, facing larger-than-expected financial losses this year, are to convene here today and tomorrow to tackle the challenge posed by rising oilAFP; FILE PHOTO - 472 words
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616 2006-06-05 20 Profit in April by shaving costs and despite dearer fuel AP [PARIS] Delta chief executive Gerald Grinstein expects the airline to emerge from bankruptcy next year as it shaves costs and starts to turn a profit. "My expectation is we will come outAP - 616 words
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Article120 2006-06-05 20 AP [BEIJING] A military transport plane carrying 40 crashed last Saturday in eastern China's Anhui province, the government said yesterday. A local official said at least five people were killed. Villagers described a chaotic crash scene, with bodies and body parts strewn across a mountain slopeAP - 120 words
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Article, Illustration401 2006-06-05 20 Reuters [LUXEMBOURG] The European Union's top justice official said on Friday he was confident the bloc could rescue an annulled accord with the United States on air passenger data by a September deadline. The EU's highest court cancelled last Tuesday aReuters - 401 words
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Article171 2006-06-05 20 AP {MONTREAL] American talk-show host Oprah Winfrey is about to receive the custom-built, Cs47 million (Ss67 million) executive jet she ordered from Bombardier Aerospace, a Canadian newspaper reported last Saturday. The talk-show host's production company Harpo, is paying for the Global Express XRS jet,AP - 171 words
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Article2196 2006-06-05 20 OMf MI566 1910 MI566 0905 crucc iiy; MM S2081 0630 ***** 0910 ISuST LH9771 1750 LH9776 2345 ***** 0715 ICB60 0925 750 g!| K359 0005 AI481 162S "gig AWO 1520 5Q408 18S5 L CgO|' 06* Ag" 3 g 55 DM> rt<< S0141 1145 S0142 0935 isi2,196 words
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Page 20 Miscellaneous
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Miscellaneous400 2006-06-05 20 CRYPTIC CROSSWORD 1 After a moment, artist kills old 8 Gal bursting with bonhomie in the blood (11) 7 9 11 Part of body to get better, we've HH_ 12 Captain given ominous sign heading west (4) Stop going the wrong way JH^_ crowd it's lunacy (7) 13 I I400 words
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SHIPPING
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440 2006-06-05 21 Carlyle Group, Macquarie Bank, Babcock Brown planning to make offers: sources Bloomberg [SYDNEY] Carlyle Group, Bank and Babcock Brown plan to make bids of at least US$2 billion for SSA Marine, the largest US-owned port terminal operator, said four peopleBloomberg - 440 words
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476 2006-06-05 21 Athens event expects over 16,000 visitors AFP [ATHENSI The Posidonia maritime exposition, the world's largest shipping fair, opens in Athens today with over 15,000 exhibitors from 78 countries scheduled to participate. Bringing together companies representing every sector associated with shipping, the five-day biennial eventAFP - 476 words
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213 2006-06-05 21 Reuters [ISLAMABAD] Pakistan and the United Arab Emirates' Dubai Ports World are discussing the possibility of the company taking over operational management of Pakistan's Gwadar port, according to a port official. The deep-sea port, built with Chinese assistance, is on the Arabian Sea,Reuters - 213 words
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Article276 2006-06-05 21 S6X '000 J—2 SI W- 1M CH Offshore j0.34 -001 355 ChuanHup .0.32 0.01 527 Cosco Corporation 1.32 0.01 4683 CWT Distribution 122 -0.02 42 EzraHldgs 2.40 -0.01 2i0 Freight Jnta. ..0.07 0.01 392 Grand Banks Yacht .0.88 0.01 3 Java Holdings 1.38 unch 363 K1 VantureT. 0J3276 words
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Article, Illustration405 2006-06-05 21 Reuters [NEW YORK] Panamax rates for hauling grains and dry bulk cargoes remain robust even though more new ships are expected to join the active fleet this year, brokers said on Friday. The number of Panamax new ship orders to be deliveredReuters; FILE PHOTO - 405 words
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Page 21 Advertisements
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Advertisement34 2006-06-05 21 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319- L 645 or Michael Chng at 6319-2062 1 THE BUSNESS TIMES Shipping Times34 words
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Advertisement43 2006-06-05 21 Myanma Five Star Line, Yangon is pleased to announce the appointment of: BSA TRANSPORTATION PTE LTD 10 Anson Road, #12-01 International Plaza Singapore *****3 Tel: 6227 3318 Fax: 6227 3039 as their Container Feeder Service Agent with effect from 1 st July 200643 words
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Article9439 2006-06-05 22 STRAITS TIMES INDEX STOCKS StodimM Wt dose Change Stodmame «K Oom Change StodMB. m Owe Change Allgreen 50c 0.30 1.310 +0.020 HyfluxSc 0.37 2.320 +0.020 STEngglOc 1.81 2.840 Ascendasrert V06 2.070 +0.010 JMHUS2St400 3.41 19.200 +0.200 STATSChP25c 0-91 1-060 +0.040 au O40 1360 +0.010 JSHUS5c500 2.38 11.500 -0.2009,439 words
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Article6246 2006-06-05 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ktl »im V«, \r X «T \r V. H«<i On—» Oumm* Omm OW> O— Mil c: is «i 01 is MIC 0* It 0* <U l| NU I j y Wan 11)4* 0J J» 0« U 11 'It nu n or is oo6,246 words
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Advertisement1216 2006-06-05 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN STX POTBN 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 STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,216 words
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Advertisement656 2006-06-05 24 p] DONGNAMA LINE CONTAIHHUtIP tIWVtCI VESSa (EVERT SUN) VOT ["SOP HKG KOTA HARMUM HNRI9 11/06 IS/M KOTA HASH HAS42S 11/0* 22/06 KOTAHARTA HTA4SI 25/06 21/06 VESSa (EVERT SUN) VOT SGP KG IKY TOK KOK RMUROTT 64i70 11/06 IS/O* 19/06 20/06 22/06 KOI FORTUNE ***** U/06 22/06 26/06 27/06 29/06 MOiaORY656 words
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Advertisement744 2006-06-05 24 |niM«moi>i«t»ia I vcsa/voT iMwm hbchtuw kg raj lo m jkt STRAITS VENTURE W/06 IS 3.1 25/05 21/05 01/06 04/ M 06/06 STKAfIS VENTURE 10/06 IS 12 01/06 11/06 15/06 11/06 20/06 [STRAITS VENTURE 11/D6 IS 3.2 22/06 25/06 2f/D6 02/07 04/07 j IAUSTRAUAN RORO SiRVKt 1 VBSa/VOT ItAUKKDI «GHIW)| LO744 words
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Advertisement1375 2006-06-05 25 WAN HAI INTERNATIONAL PTC LTD CR no **********0/* V\M\ WAN HAI LINK 11 V ffMil lIMI LlllfcJ HI HL(03)3MMtttMX:(03)*****2MHN1H;(04)*****00MX:(04)*****99 JOH IB: (07) *****23 MX: (07)*****21 SUiIE: (031) *****75 MX: (031)*****14/*****05 wnnkai ram ca JIT 1H: (*****2541 MM* (021) ***** M nil 1******0/716J«1 FAX: *****9 """.""■■'•"■•'l MWHO6I) *****3 MX: (061) *****25/*****091,375 words
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Advertisement1029 2006-06-05 25 rjn EASTERN CAR LINER, LTD T 1 SPECIALIZE tN ROttO HEAVY LIFT UPTO 450 TONS MTRA-ASIA SEtVKE VOY Imp Ufttog LC> I JKT SM I PGU I PKL(N) PNN 1 JBCT I LCB I SIM I UPG I ITU OCEAN BLUE 162 50 07/06 I "*****" mam ~7i —v> —m1,029 words
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Advertisement822 2006-06-05 25 m 3<3215& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssa I vot |sw miang couxmo it swva coimmo Bit m ii: JHfc Jfc Mz dU= IMOlii GAMDHI OIMW 12IUM 131UM Mil iUIIH ZZJUH lAIIV GAMDHI OIMW HJUM 20 JUM 23J11H 2t iUi 23J11D MttfgttMA822 words
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Advertisement985 2006-06-05 26 SNordana (Asia) Pie Ud LSIZ' 70 ShwitM Way, #21-03 Marina Hms« Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTIRN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES [VESSEL VOY Shogpon Ft—itU Cotwlslwd Qrisfwlslwd Pwir Gwfaw Isicnd Express IE6OS fiZJlffl lLk 26Jun Him Siilll kiond Express 1E606 08 Jul Hili985 words
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Advertisement770 2006-06-05 26 9m 9k Sfe— ml =a==ii==iF= m. =g==Bl==a= grwi Hi» W/M jgg 1 PKIAU 1 4HI BS/M 8178* 1 MOUMT mfa BT7R 5375J I h/uncka Wi §5755 5T7w 'Bsi 81 I a gHIIM lllj I j I i lUIH H! ftfnrnrrn— WKtESMMIIiiMIiMMM fit lEgfMg rnwah ii mm i m I l£lallElElg=_770 words
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Advertisement425 2006-06-05 26 BSA x MYANMA nHH FIVE STAR UNE (Myaaaar National Um) Loadiag far Yang or VESSEL VOY SM NL PH Nil CHM SHWf WW WW SID PAGAN 349W SU) IN MALAYSIA: lOUSTEAD SNIPPING AGENCIES KUI/PKL 03-*****3 M PEN: 04-*****1S ACCEPTIII6 CONVENTIONAL CtO Vissa VOY NRG SM Hi MAMEBMUM 35 SU) SU)425 words
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THE BUSINESS TIMES SHIPPING TIMES
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6770 2006-06-05 27 This (TA IT* MMrttar VmmI V*-. TWm ITA HA A*rt~ M Vw r cm rwn Hmm Nmm Kwntur Number SIN Dwfn Nmm Hun MMr mmam Si To ABIDJAN (ABJ) 2003 Cot* D'lvolr* To GENOA/GENOVA (GOA) 2137 Italy 12/06 IW ChmaShpg DAWN U1W *****898 12/066,770 words
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BizIT
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Article, Illustration960 2006-06-05 28 AMIT ROY CHOUDHURY - It will partner major firms bidding for the Singapore government's Standard Operating Environment project, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY HITACHI Data Systems (HDS), part of the US$Bl billion Hitachi group, hopes to cash in on the storage requirements of the Singapore government's960 words
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<what's new>
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68 2006-06-05 28 02 has appointed Guillaume Debrosse as its chief operating officer for the Asia-Pacific region. In his new role, he will oversee the company's entire regional operations, covering areas like project management, delivery and testing, as well as after-sales support. Mr Debrosse was previously the68 words
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86 2006-06-05 28 SINGAPORE-BASED IT services provider Crimson Logic has been awarded a landmark technology contract with authorities in the Indian state of Uttaranchal. Under the $3 million agreement, Crimson Logic will conduct a citizen survey and set up a central information repository called the "Citizen86 words
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Article, Illustration55 2006-06-05 28 BUSINESS software giant Oracle has promoted Derek Williams (above) to be the chairman of its subsidiaries in the Asia-Pacific region and Japan. Mr Williams was formerly the executive vice-president of Oracle's regional division. He is succeeded by Brian Mitchell, who will now oversee the55 words
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111 2006-06-05 28 MICROSOFT has launched Office Genuine Advantage (OGA), a program to help users check the legitimacy of their existing productivity software packages. Under the initiative, customers using Microsoft Office are encouraged to visit a website to verity that their copy of the software is genuine. Upon verification,111 words
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Article87 2006-06-05 28 FUJITSU has unveiled the Q2OlO, an ultra-portable notebook weighing merely one kilogram. With a thickness of 19.9 mm, the laptop still packs in a host of leading features including a fingerprint password protection system as well as an improved integrated microphone promising better sound quality for videoconferencing87 words
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Article, Illustration94 2006-06-05 28 WINSTON CHAI - Compiled by WINSTON CHAI SAMSUNG is hoping to tug at the purse strings of women users with the new SGH-EB7O handset. With a Satin-like exterior, the phone weighs a mere 85g and sports a clean, minimalist design. While small in size, the tri-band handset incorporates 80MB of94 words
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Article391 2006-06-05 28 WINSTON CHAI - By WINSTON CHAI THE onset of the school holidays and the move to a more central location have proven to be a double boon /or this year's PC Show, with cash registers ringing past the $20 million mark over the last four days.391 words
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Article, Illustration699 2006-06-05 29 AMIT ROY CHOUDHURY - Singapore market expected to hit about US$37m this year, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY LATEST market research shows that the security software market in Singapore was worth US$34 million in 2005 and it is expected to grow 8-9 per cent thisSource: - 699 words
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Article, Illustration204 2006-06-05 29 ROLAND LIM - By ROLAND LIM CHARITY and technology have no compatibility issues, going by the strong support and participation of technology firms in this year's Charity Bike'n'Blade held last weekend. This year's event, in aid of St Andrew's Community Hospital, saw 70 cyclists and 15204 words
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Article, Illustration637 2006-06-05 29 ALOYSIUS CHOONG - <you say> The tight rein of vendors and operators comes with a heavy cost, says ALOYSIUS CHOONG ALOYSIUS CHOONG SINGAPORE held its general elections in early May. Some of the rallies were attended by throngs who spilled out of the football field, the spectatorFILE PHOTO - 637 words
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Article2989 2006-06-05 29 Transaction date: Jun 2 For a full listing of the closing prices, log on to BT Online at http://business-times.asia1.com.sg after 11.30pm every trading day HONGKONG a KSTIzzzzS J2 m Dynamic Global .0.04 unch 0 Aeon Credit 6.50 0.20 8 Easyknit .0.13 unch 8980 Aeon Stores 9.60 unch 22,989 words
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Advertisement7 2006-06-05 28 Connecting citizens and the government PAGE 307 words
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BizIT FOCUS: SINGAPORE in 2015
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Article, Illustration1354 2006-06-05 30 ROLAND LIM - The IDA is rolling out exciting initiatives to engage Singaporeans more effectively through infocomm. ROLAND LIM reports ROLAND LIM WITH just a computer connected to the Internet, Singaporeans can not only file their income tax or pay their parking fines, but also gain access to1,354 words
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Article, Illustration798 2006-06-05 30 ROLAND LIM - By ROLAND LIM HOMEGROWN IT companies have played an essential part in the successful rollout of the numerous egovernment projects at home, which have propelled Singapore to be a leader in the e-government space. With their experience culled from home, a growing trend for theseFILE PHOTO - 798 words
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Article, Illustration342 2006-06-05 30 ROLAND UM - By ROLAND UM ALMOST 90 per cent of Singaporeans continued to use e-government services last year, according to the latest 2006 e-Government Customer Perception Survey conducted by the Ministry of Finance and the Infocomm Development Authority of Singapore (IDA). The annual survey, which was conducted342 words
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Advertisement25 2006-06-05 30 This iN2015 series Is brought to you by: t -m siNOAPORE in conjunction celebrating in A mm snr I Singapore infocomm SINGAPORE computer society T.thnologyr»J«rHow25 words
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