The Business Times, 19 June 2006

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Total Pages: 34
1 34 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Monday, June 19,2006
    15 words
  • 658 1  -  Firms also hiring more from other professions By LESLIE YEE [SINGAPORE] The big accounting firms in Singapore are enjoying strong growth in their non-audit services, despite stringent rules that restrict external auditors from providing these services to their own audit clients.
    658 words
  • 720 1  -  Number of companies trading at 52-week lows touches highest level since June 2005 By TEH HOOI LING [SINGAPORE] With the sharp slide in the stock market last week, the number of Singapore companies whose share prices have hit their one-year lows has risen
    Compiled by BT with data from Thomson Financial  -  720 words
  • 135 1 MARKETS WMk Chge STI 2373.91 ......+36.47 KLSE COMP 893.50 -21.90 NIKKEI 225 *****.34 ....+128.50 HANG SENG *****.65 ....+213.96 SET INDEX 665.39 -5.02 JAKARTA COMP ...1309.53 +34.78 MANILA COMP ...2121.47. -38.03 TAIPEI TAIEX 6575.77 ....+131.14 SEOUL COMP 1262.19 +26.54 SHENZHEN B 282.65 +3.83 AUSTALLORD 4932.20...-..+5.40 DOW JONES *****.55 ....+122.63
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  • Page 1 Advertisements

  • TOP STORIES
    • 481 2 PwC embarks on 5-year rebranding strategy THE job of auditing company accounts is seen as "sexy" at PricewaterhouseCoopers, says one of its global managing partners. But it is not enough simply being one of the world's Big Four audit firms. The firm wants as much to be known
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    • 640 2  -  Market slide could result in higher acceptances for the general offer By S JAYASANKARAN in Kuala Lumpur SINGAPORE-LISTED property and hotel company Overseas Union Enterprise (OUE) could be taken private if the current stock market slide results in a higher level of
      640 words
    • 711 2 AFP [HONG KONG] Analysts believe Cathay Pacific's acquisition of Dragonair and its strategic alliance with Air China could put it in a position to eclipse rivals such as Singapore Airlines and Qantas. They also see a shake-up in Asian aviation as airlines come to
      AFP; AP  -  711 words
    • 294 2 Reuters [LONDON] The tussle for Britain's biggest ports group could be developing into a three-cornered fight. A consortium thought to be led by Hong Kong investor Cheung Kong Infrastructure Holdings is considering joining a bid for Associated British Ports (AB Ports),
      Reuters  -  294 words
    • 1165 5  -  Accounting giant wants to be known for its advisory and tax services as for its auditing work By ANNA TEO [SINGAPORE] The job of auditing company accounts is seen as "sexy" at PricewaterhouseCoopers, says one of its global managing partners. But it is not enough
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  • Page 2 Advertisements
    • 760 2 people HR's secret weapon. www.thepeopleatwork.com Asia-Pacific Executive Search £j MySeminars tie Knowledge Connection •Ecaaphising Licensing Malaysian Perspective ■n Do you think that franchising is a business modal that QBA|L izham Yusoff can ba successfully implemented to achieve superior CEO, KUB Malaysia Berhad returns across different industries? MBm Vlce Chairman, Malaysian
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  • Page 3 Advertisements
    • 439 3 Ilallii litli 1H Qiliil [ft Building from strength to strength Unlock investment opportunities in China's residential commercial property sector We are a real estate developer based in the PRC that focuses on developing high-end residential property projects in strategically selected key and high-growth cities. We have over the years established
      439 words

  • Page 4 Advertisements
    • 107 4 AVAYA SCORES A DOUBLE. WINNER OF THE 2006 FROST SULLIVAN ASIA PACIFIC ICT AWARDS FOR ENTERPRISE TELEPHONY AND CONTACT CENTER APPLICATIONS. AdA o|d h' d i leading the charge to create a new breed of business AVAyA jebsen&jessen /\y£c™ n -r,-.n Radiance communications communications rEGRA rLIR Comm u n ?JJ,J,°JL'
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  • Page 5 Advertisements
    • 59 5 HHv Canon Delighting You Always t j i Crossword 3. ANON —mm—■. 11 1 i[ 11 Across 2. Who lets you know what your staff are up to? 3. Who gives you better cost control? Down 1. Who helps you keep private documents private? 4. Who makes your work easy?
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  • COMPANY NEWS
    • 518 6  -  Winter season leads to oil demand upturn, possible supply outages By OH BOON PING INTEREST in oil-related stocks may be re-ignited in the second half of this year, driven by an upturn in seasonal oil demand and possible supply outages, says OCBC Investment
      518 words
    • 463 6  -  It picks 5 small cap stocks which it says have big potential By UMA SHANKARI THE stock market may have taken a beating but there are still bargains, says SBI E2-Capital's research unit. The team has picked five small cap stocks Best World,
      AFP  -  463 words
    • 314 6 Bloomberg SINGAPORE Aircraft Leasing Enterprise (SALE) said its shareholders picked Citigroup Inc to explore "strategic" options that will allow Asia's biggest plane lessor to give returns to investors and finance its expansion. The options may include an initial public offering or a private equity
      Bloomberg  -  314 words
    • 814 6  -  HOCK LOCK SIEW By CONRAD RAJ V lETNAM drinks more Tiger beer than any other country in the world, thanks to Asia Pacific Breweries' (APB) decision more than 18 years ago to take its brand abroad rather than try to
      FILE PHOTO  -  814 words
  • Page 6 Advertisements
    • 37 6 f J 2 n-fu-FIND c; THE ONES I THAT FIT! Recruit the right ppeople through CATS Recruit. Call 1800 *****22 J or email recruittsph.com.sq to advertise. i y 7 51; a Hotting Go4oootf<Mi SotvICM lUenvfy I w
      37 words

  • SINGAPORE MARKETS
    • 1325 7  -  TEH HOOI LING Senior Correspondent WHATa bumpy ride it was for share investors last week. After a relatively calm start, a selling wave suddenly hit the global financial markets on Tuesday. From east to west, almost all financial markets were haemorrhaging. The Straits Times
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    • 1476 7  -  INSIDE MARKETS Two stocks that saw heavy purchases in June were BIL and Lorenzo, says ROBERT HALILI ROBERT HALILI PURCHASES of directors and substantial shareholders stayed high for a fourth straight week, with 37 companies making 85 acquisitions worth $114 million. While the number
      APPLE DAILY  -  1,476 words
    • 650 8  -  STOCKS R SIVANITHY Senior Correspondent H IKE his namesake in the 70s TV programme about a loveable, domesticated bear whose bum1§ bling behaviour was ofM ten mistaken for unfriendliness or overly ■HBH aggressiveness, "Gentle Ben" Bernanke may have been erroneously blamed for his
      650 words
    • 628 8 Payment Ex looks Pay Payment Ex looks Pay ISOi iltf ctOM data (sal Mt dose jm MwniiModuhi y 2-21 IHa 20-Jia> IW Jidupaed 0.55 30-Jm 05-JU 14-IU OdwnadWMIi w 025 21-lun 26-Jiw 05-)ul JardinaCAC t US15 IMun 22-Jmi 10-Aub AibedoUd x 0J8 IS-Jmi 20-Jm 30-to> JMH t U535-65
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    • 487 8 CURRENCIES AFP [HONG KONGI Asian currencies ended the week mixed against the US dollar, with the Japanese yen falling after warnings from the US Federal Reserve about inflation resigned investors to another US rate hike. Japanese yen: The yen dropped to 114.67 to
      AFP  -  487 words
    • 352 8 COMMODITIES AFP [LONDON] Most commodities faced fresh losses last week as investors sold off assets amid jitters over rising inflation, before recovering slightly as bargain-hunters emerged. On Friday, the Commodities Research Bureau's index of 17 commodities fell to 337.44 points, from 340.30 points
      AFP  -  352 words
    • 1834 8 Consensus No.of Forecast Moan Ftfs Consensus MojiJ Forecast Mean FH's recommendation esti- EPS K target price recommendation esti- 0»S PE target price Company name This wk Last mth mates (cents) (ratio) price Company name This wk Last mth mates (cants) (ratio) price Advanced Holdings 1.00 1.00 3 5.98
      1,834 words


  • SINGAPORE NEWS
    • 264 9 DATE/ TIME EVENT VENUE 19-22 June BroadcastAsia Singapore Expo, 9.30am International Conference back of Hall 8 20 June RadioAsia Workshop Singapore Expo, 1,30pm Foyer 1 Level 2, MR 20-21 June Seminar on Strategies for Grand Hyatt Singapore 9.30am Marketing Communications: Integrating Advertising Sales Promotion 20-22 June CommunicAsia 2006
      264 words
    • 397 9  -  MediaCorp, NZ's Eyeworks sign deal to co-produce two feature films By NANDE KHIN in AUCKLAND LUNCH amidst blue waters and beneath sunny skies, with a lovely harbour view of New Zealand's capital. This was what Prime Minister Lee Hsien Loong was treated to by
      397 words
    • 418 9  -  By KALPANA RASHIWALA THE owners of Balmoral Condominium, located next to Garden Hotel which City Developments (CityDev) bought in 1999. are teaming up to sell their homes. Their asking price is nearly $70 million, which works out to around $750 per square foot (psf) of
      418 words
  • Page 9 Advertisements
    • 170 9 Inviting tenders? Call 1800 289 8822 or email notices@sph.eom.sg f to book your tender notice in our newspapers now. Serins with a small sincere step SPBA 2006 Entry Seminar SPBA 2006 (Singapore Promising Brand Award) is set to usher in a new brand chapter for many SMEs. Come find out
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    • 785 9 I —I Mentor Media Ltd I H (Company Registration No: *****2450H) H H (Incorporated in Singapore) H H Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, H Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting H of MenWMedia Ltd
      785 words

  • VIEWS FROM THE TOP
    • 3472 10 THIS WEEK'S TOPIC How do you see the emerging technologies affecting your business and your industry? How is your company responding to this challenge? RAPIDLY changing technologies have a significant impact on businesses. The real challenge is how a business embraces technology to sharpen its competitive edge. The
      3,472 words
  • Page 10 Advertisements
    • 67 10 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This'dub'is a virtual with interaction mainly via e-mail. Each week, we will invite comments from these top executives on various economic
      67 words


  • DINING OUT
    • 1001 12 Summit, or he's still flush from the excitement that his 25-course molecular gastronomy dimer in April created in the local diiilia circles. But one thing is sure CheT femmanuel Stroobant of Saint Pierre is never short of culinary ideas. For his latest summer menu,
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  • Page 12 Advertisements
    • 1828 12 >at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT-FIND IT BUKTT SEMBAWANG PgJ ESTATES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0177 M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fortieth Annual General Meeting of the Company will be held at
      1,828 words
    • 900 12 In The Matter Of The Companies Act, Cap. 50 Amd la The Matter Of EXPRESS FOOD PTE LTD Company Reg. No. *****6913Z Notice of Creditor*' Meeting Pursuant To Section 296 Of The Companies Act, Cap. SO NOTICE is hereby given that pursuant to Section 296 of the Companies Act, Cap.
      900 words

  • S'PORE ARTS FESTIVAL
    • 731 13  -  THE GREAT WAR BY HOTEL MODERN By PARVATHI NAYAR UNLIKE cinema, where there are few limitations on what can be shown, theatre is a construct that is forced to adopt certain stylistic conventions of time and place and scale. Wars fought on a stage have
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    • 516 13  -  GAMARJOBAT By BRYNA SIM WITH their 24-day, total sell-out show for the Edinburgh Festival Fringe in 2004 touted as a selling point in the flyer for the Shut-Up Comedy by Gamaijobat, the Singapore audience was definitely expecting a good show. Before the show began, sceptical
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  • Page 13 Advertisements
    • 200 13 Diners Club Card To apply, ca*****6 0980 I A World of Exclusive Privileges Treats Diners Club wunc.diners.com.sg International I &> I INSANELY I SOME PEdPLt EVEN I IN^JJTUTION. V Poolside, level 4, above Tanglin Mall. V Reservations recommended. Tel: 6831 4373 Joining forces? '-'I118S&&* f Announce the good news. Call
      200 words
    • 40 13 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 I 1 I ShTphng Times I I H Uir)l»j« iVUltt HB IJTCCorporato Ivoice theirconcemsl
      40 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 564 14  -  CAMPUS LIFE Two NUS students tell NOOR AISHA about their new e-ticketing system for movie-goers MOOR AISHA gj MAGINE a system where you don't It ever have to worry about misplac- ing or losing your movie tickets. 1 Sounds too good to be true? Well,
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  • Page 14 Advertisements
    • 667 14 Eyeing that MBA? so touve gelded to take dial i ßraistep You need a good GMAT score to enter a business school. *****01 Accordii to p f< ramine to become the next Warren Buffett by 1 specialist Tracy lim of High Q Education doing an MBA. Now, to get your
      667 words
    • 252 14 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 have
      252 words

  • CommunicAsia BroadcastAsia, EnterpriseIT
    • 767 15  -  The hype about convergence becomes a reality at this year's show which will feature innovations on digital lifestyle, says ROLAND LIM ROLAND LIM WHILE digital convergence has been pretty much a promise of the future, this year's mega infocomm exhibition and conference CommunicAsia2oo6 promises to show in real
      767 words
    • 1014 16  -  Singapore's media and entertainment sector is poised for big growth thanks to initiatives such as Media 21, says CHRISTOPHER CHIA CHRISTOPHER CHIA OVER the past three years, Singapore's media industry, which includes broadcasting, film, publishing and printing services, music recording, digital and IT-related
      LAN TAN/THE NEW PAPER  -  1,014 words
    • 1223 18  -  As mobile phone makers are busy packing feature after feature to entice the buyer, a disruptive vendor can steal the show with a low-end phone with attractive design, says ALOYSIUS CHOONG ALOYSIUS CHOOMC SINCE Harvard professor Clayton Christensen described the concept in his 1997 book The
      BLOOMBERG  -  1,223 words
    • 1024 19  -  Its open standard has potential to deliver both economy of scale and increased choice to the consumer, says WILLIE CHER WILLIE CHER BROADCAST mobile TV service pilots and showcases across the world, including South-east Asia, have revealed strong consumer acceptance and demand
      AFP  -  1,024 words
    • 1187 20  -  What's needed is for Singapore to develop a competitive skills base, make financing easier and some hard work, says TONY SEALY STONY SEALY SINGAPORE is uniquely placed in the world of 3D animation and visual effects. But the progress and changes this industry will undertake over
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  • Page 15 Advertisements
    • 346 15 In J ill nnnn exhibition conferences I I KPnQfIPQCI#ICIQ Vfffac 20 -22 June 2006,10.30 am -6pm Broadcast Asia International Conference I j2£J2H!J£S2S/I2£2£SHS» 23 June 2006,10.30 am -spm I The 11th International Digital Multimedia Entertainment Technology Exhibition Conference i Singapore Expo Singapore Expo www.Broadcast-Asia.com CommunicAsia Summit I I HnmmiminAßia7nnß j ■INNOVATIVE
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  • Page 16 Advertisements
    • 68 16 BT Media J^Mpc|il nflH *f.j? ErT Rn/ant r -?-wßi'i .L *T 4 MSIM^;J WMH pr 41 liw MPiBBr" '&fl iH JPf&lSs agISH |Hr *%Bl* iftjfijjß&j' jfl IMl)la|HlMww *1 f i-^».. 'I s I I Rac SE(jHHMpI Battery Cl L nmc 1 Rnpo Bk J m r-k'-'-f -m jm 1 SEE
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  • Page 17 Advertisements
    • 324 17 ,:C&Buk V rBSI ft B. I B SERVICE PROVIDER I Br M& M of the year I f» I* ll Frost Sullivan Asia Pacific B Technology Awards I M ijjßwL, jJ 2004 2005 2006 1 P'" vl If ■fcL f,, ■;J^ J J wrm, Afajr* asia pacific's leading *4 35
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  • Page 18 Advertisements
    • 25 18 I Participating Companies: Partner: Hosted By: DIC CHIMEI GoMobile <ED«voi» Panasonic mOQ PIQ ideas for life Mi MM himciM SKKZM &msaC www.rTKte.gov.ag J SAlHiftf SVS&MS
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  • Page 19 Advertisements
    • 187 19 Walking, talking, working freedom J -I-I, 'V^ V h'-< Iv I I jA JW I I I J if? I I I t. i *Wk\ I ——MP—l— ■K x m wErto I CN Netcom continues to change the way we work adding unsurpassed freedom of movement, and of mind. Revolutionise
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  • WORLD CUP 2006
    • 735 21  -  By UMA SHANKARI mm ICHAEL Owl\ mm en is t^ie ey I m I to England j I winning," m I said a col\m I league of I w I mine after the team scraped by Trinidad Tobago last week. "It will all be
      AP; REUTERS  -  735 words
    • 510 21 Reuters [BAD DUERKHEIM, Germany] United States coach Bruce Arena believes the world's established footballing powers still get an easier ride from match officials. Speaking after his nineman team held on for an epic 1-1 draw with Italy in Kaiserslautern on Saturday,
      Reuters; AP  -  510 words
  • Page 21 Advertisements
    • 440 21 ffl philips pBHHfIBIHfIHHHSUBfIiHHfIIHIHHHUHIBHHHiii she WM> andsimphcity Organised by Hie Business Times and Philips, it brings together 32 executives who have teamed up to help raise funds for Food from the Heart. Eadi executive has been assigned a team. And for every match the team plays, the executive will donate $1,000.
      440 words

  • ECONOMY WATCH
    • 531 22 It also imposes new limits on amount of bank loans to halt a credit boom Reuters AFP [BEIJING] China's local authorities have been told to control new projects, newspapers reported on Saturday, as the government tries to restrain breakneck growth. Before embarking
      Reuters; AFP  -  531 words
    • 714 22 Disturbing parallels seen with 1990s tech-stock bubble AP Reuters [NEW YORK] US investors have poured so much money into emerging markets that some people on Wall Street are comparing it to the tech-stock bubble of the *****. The parallels are there: A massive run-up
      AP; Reuters; REUTERS  -  714 words
    • 3031 22 Transaction date: Jun 16 For a full listing of the closing prices, log on to BT Online at http://business-times.asial .com.sg after 11.30pm every trading day HONG KONG Vol Datang'"tnl IWGene...5.00 0.10 8124 HKS '000 Denway Motors .2.58 0.13 ***** Digital China 335 0.08 1131 Aeon Credit 6.00 -0.10
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    • 262 22 Reuters [NEW YORK] The US current account deficit narrowed in the first quarter of this year by more than expected, providing some support for the US dollar, but the composition of capital inflows financing that deficit provides a mixed signal for the currency.
      Reuters  -  262 words
    • 277 22 Reuters [KUALA LUMPUR] Malaysia should not depend solely on interest rates to fight inflation, the central bank chief said in an interview published last Saturday. Bank Negara governor Zeti Akhtar Aziz told The Edge financial weekly that policy makers should also consider
      Reuters  -  277 words
    • 301 22 Reuters [GENEVA] The United States claimed victory last Friday in a World Trade Or-ganization-brokered dispute over whether the European Union's fragmented customs rules discriminate against US exporters. A three-member WTO panel agreed with US allegations that EU member states categorise imported goods
      Reuters  -  301 words

  • REGION
    • 687 23  - Abdullah must score goals —fast MALAYSIA INSIGHT He must make a few quick decisive moves in face of criticisms from Dr Mahathir PALINE NG KL Correspondent WORLD Cup 2006 may be the world's biggest attraction currently, but in Malaysia the biggest sideshow to some, the main show is the Mahathir
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    • 371 23 Reuters [HONG KONG] Hong Kong developer Sun Hung Kai Properties has postponed the listing of its property trust reported to be worth US$4OO million due to weak market conditions. The announcement, late on Friday, came less than a week after Henderson Land Development Co
      Reuters; BLOOMBERG  -  371 words
    • 370 23 AFP [LONDON] India has reaped the benefits of foreign companies switching jobs and resources to the country over the last five years. But a recent decision by power company Powergen a British subsidiary of German energy supplier E.ON has pointed towards a
      AFP  -  370 words
    • 645 23 AP [LOS ANGELES] For Hollywood, the road into China has become such a long march that film executives are rethinking their expectations for the elusive market. The decision by Chinese officials this month abruptly to pull The Da Vinci Code from theatres, even though
      AP  -  645 words
    • 239 23 AFP [KUALA LUMPUR] Malaysia will consider raising the price of subsidised natural gas to relieve some of the pressure on state-owned firm Petronas, the country's energy minister said. Energy Minister Lim Keng Yaik said Petronas, which has asked for a hike, was under
      AFP  -  239 words
    • 279 23 Reuters [KUALA LUMPUR] Malaysian plantation and property firm Kumpulan Guthrie plans to list its Indonesian plantation business next year as part of its efforts to pay down debt, an executive director said last week. "We should be ready by 2007," group executive director
      Reuters  -  279 words
  • Page 23 Advertisements
    • 303 23 PLEASE CONTACT: DONALD MCARTHY TRADING PTE LTD 138, CECIL STREET 04-02, CECIL COURT, SINGAPORE *****8 PHONE: 6227-5711 FAX: 6225-3711 EMAIL: nferrous@pacific.net.sg WYETH PHARMACEUTICALS (SINGAPORE) PTE LTD Multi-Million Dollar Auction of a State-of-the-Art Pharmaceutical (Tablet Coating) Processing and Manufacturing Facility 2-o«yFeetared OwMw Featured Items: PovßM.com Glatt Coater-Solution System, Gruenberg Tablet Dryer,
      303 words

  • WORLD
    • 768 24  -  Market expected to mark time till Fed meeting as it comes to terms with rate tightening WALL STREET INSIGHT By ANDREW MARKS in New York LAST week the US stock market finally showed signs of coming to terms with the idea that
      768 words
    • 334 24 Reuters [TOKYO] Japan warned North Korea yesterday of "a harsh response" from Tokyo and Washington if it fired a long-range missile, as media reports suggested the secretive state was close to staging a test launch. A Japanese government official, quoted
      Reuters  -  334 words
    • 663 24 Deutsche Boerse's chances improve with calls for all-European deal Reuters [PARIS] Political opposition to the New York Stock Exchange's proposed takeover of pan-European rival Euronext is raising Deutsche Boerse's chances to succeed in its own bid. French President Jacques Chirac, Italian Prime Minister Romano Prodi
      Reuters; AFP  -  663 words
    • 473 24  -  By ANTHONY ROWLEY in Tokyo CONTROVERSY continues to swirl around Bank of Japan (BOJ) governor Toshihiko Fukui over his links with fund manager Yoshiaki Murakami, who was arrested recently on charges of insider trading. Meanwhile, there is speculation that the arrest of Mr Murakami
      AFP  -  473 words
    • 196 24 Reuters [NEW YORK] Frequent readers of newspaper websites are more likely to make online purchases than other Internet users, according to a study by the Newspaper Association of America. Eighty-two per cent of so-called "power users" those who visit a newspaper website on
      Reuters  -  196 words
    • 486 24 Reuters [NEW YORK] Dora the Explorer shower curtain hooks. Girl Scouts Thin Mint cookie ice cream. Britney Spears perfume. These are the kind of products that can be dreamt up at the Licensing 2006 International Show, which runs this week at
      Reuters  -  486 words

  • AVIATION
    • 456 25 Wide-ranging series of glitches could delay delivery of Dreamliner [WASHINGTON] Boeing engineers are grappling with significant technical and production problems that could endanger the on-time delivery in 2008 of the 787 Dreamliner, Business Week reported in its online edition. "At a time when Boeing
      FILE PHOTO  -  456 words
    • 233 25 Bloomberg [HONG KONG] Hong Kong International Airport, Asia's third-busiest airfield by passenger numbers, handled 7 per cent more people in May than a year earlier because of a surge in visitors from mainland China during the Labour Day holiday. Passenger numbers
      Bloomberg  -  233 words
    • 274 25 Bloomberg [NEW YORK] FedEx Corp, the second-biggest US package delivery company, will keep a US$2.3 billion order to buy Airbus SAS's A3BO jumbo freighters even as the company struggles to build the jets. The first of Fed Ex's 10 aircraft is
      Bloomberg  -  274 words
    • 874 25 NEWSMAKER Forgeard's 277-tonne baby is over budget and overdue Reuters NOEL Forgeard, under whose hardnosed leadership the Airbus A3BO superjumbo was born, faces a crisis as its delay hits future profits at parent European Aeronautic Defence and Space (EADS) and strips billions of euros
      Reuters  -  874 words
    • 1004 25 ®m$i sue AbattaU ***** 1t» vsui UK Ifljiiiil 0100 fabai Jifj —ill 3iH 1450 F jli H Hi. TWT505 TTO42 0635 fP35Q3 !J$ TgS !«5 H—>m CA957 0105 CA95I 0720 II1 MII 11 li l&s i||| ?54u jUs jutv«i tii» 0015 mra~ras jm m jm ml
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  • Page 25 Miscellaneous
    • 381 25 CRYPTIC CROSSWORD 1 An encouraging boost when adult gets wounded above 9 Trustworthy material presented I I I I I I I I WW I J J to university panel (9) 10 Lemur visible through thin driz--11 Opening a bodily part puts little 11 I I I I I I
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  • SHIPPING
    • 675 26  -  He steered S'pore to the forefront of global maritime community: SMF By GEORGE JOSEPH [SINGAPORE] The maritime community here credited former transport minister Yeo Cheow Tong with helping to steer the maritime industry to new heights and global prominence during his tenure. "He
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    • 327 26 [LONDON] An Australianled consortium is to gatecrash Goldman Sachs's agreed purchase of Associated British Ports (ABP) this week by posting a rival offer valuing the company at almost £2.7 billion (557.98 billion), London's Sunday Times reported. The move by Britannia Ports, a
      327 words
    • 289 26 Reuters [LONDON] The freight derivatives market has large scope for growth in Asia but firms must first learn how freight futures are used and overcome fears about their perceived risks, an industry executive said. R Raghunath, executive vice=-president of Hong Kong's Noble Chartering,
      Reuters  -  289 words
    • 758 26  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE seller of a cargo of coal won summary (without a trial) judgment in the Singapore High Court the week before last against a vessel owner for misdelivering the cargo even though the seller had received
      758 words
    • 281 26 SGX '000 Jaw 16 SS Vol CH Offshore .0.34 0.01 713 Chuan Hup .031 0.01 809 Cosco Corporation 126 0.04 7078 CWT Distribution 1.13 -0.01 165 Ezra Hldgs 319 0.07 487 Freight links 0.07 0.01 2070 Grand Banks Yacht .0.88 unch 0 Java Holdings 1.32 0.05 331 K1
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    • 222 26 Reuters [NEW YORK] Carnival Corp, the world's largest cruise operator, said its quarterly profit fell slightly due to higher fuel costs and weaker demand for its Caribbean cruises. But Carnival, which operates brands such as Holland America, Cunard and Princess
      Reuters  -  222 words
  • Page 26 Advertisements
    • 140 26 FAR EAST WEST AFRICA TRADE AGREEMENT PEAK SEASON SURCHARGE Container lines servicing the trade from Far East, India and Middle East to West Africa will implement a Peak Season Surcharge (PSS) of USD 200/TEU from July 15th 2006 to February 18th 2007 on a B/L date basis. In the peak
      140 words

  • 12014 27 STRAITS TIMES INDEX STOCKS Stock nam Wt Oos* Clung* Stock nam* Wt Oom Chang* Stock nam* Wt Oom Chang* Allgreen50c 0.31 1.340 +0.070 Hyflux5c 0.36 2.230 +0.140 STEngglOc 1.80 2.770 +0.100 Ascendasreit 1.07 2.040 +0.11Q JMHUS25c400 3.19 17.500 STATSChP25c 0.86 0.985 +0.055 BIL Intl US20c 0.40 1.330 -0.010
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  • 6036 28 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS Sdy *yr *dy yr *dy *yr Jun 16 Index Change Change Change Change Change Change World Inder Preliminary 958.0 0.0 -17 0.1 -2.7 05 1.5 t EAfE Preliminary 951.7 0.6 -27 0.7 -1.0 0.6 33 Europe
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    • 1741 29 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/SAV/NOL YOU YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPIE.EAT SERVICE SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN Loods Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
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    • 392 33 r— t§ r rr .wml--*::- lifeil CCHTax Accounting rf?/-? Summit 2006 1 < s* v ***** August 2006 Iffl-CX.H Suntec Singapore International a Wolters Kluwer business Convention Exhibition Centre Tax Accounting Summit is designed specially for regional Tax and Finance professionab^^fllljlßlfeij. across all industries. This two-day conference that combines a
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  • BizIT
    • 608 33  -  Tech Mahindra to have its global nerve centre for mobile gaming here By WINSTON CHAI INDIAN IT services major Tech Mahindra will quadruple its local head count as it makes Singapore its home base for expansion into the burgeoning Asian telecommunications sector.
      608 words
    • 227 33  -  By WINSTON CHAI WITH the threat of a bird flu pandemic looming, International Business Machines (IBM) has unveiled a new service which promises to help local companies minimise disruptions to their businesses in the event of a pandemic outbreak. IBM's Contingency Planning
      227 words
    • <what's new>
      • 56 33 D-LINK has launched the DPH-50U, a USB phone adapter which allows users to make Internet-based calls through normal telephone sets. The new offering is fully-compatible with the popular Skype software and it also enables Internet and regular telephony through the same phone.
        56 words
      • 96 33 LENOVO has unveiled the 3000 VlOO, a new ultra-portable notebook geared towards smaller businesses. Weighing just I.Bkg, the new 12.1 -inch widescreen laptop is powered by Intel's latest dual-core processor. It sports a five-in-one memory card reader, fingerprint scanner for enhanced security, as
        96 words
      • 108 33 NOKIA has launched the E7l, a new handset which comes packed with applications and technologies aimed at demanding business users. The new phone features a QWERTY keyboard, 64M8 of built-in memory and is compatible a number of push e-mail solutions. In Singapore, the E6l
        108 words
      • 97 33 JAPANESE communications solutions provider Assistplan has taken the wraps off its Shimon assifon. Aimed at smaller businesses with branch offices around the world, the new IP (Internet-based) video phone allows companies to make high-quality video conference calls for about one-fifth the price of
        97 words
      • 77 33 NEC has announced the availability of the Versa P7200, its new 15.4-inch widescreen notebook running on Intel's Core Duo processor. The new laptop features a four-in-one memory card reader, integrated connectivity options like Bluetooth, as well as an "eco mode" button to conserve battery
        77 words
      • 97 33  -  Compiled by WINSTON CHAI BROTHER has introduced the MFC-8860DN, a five-in-one monochrome multifunction laser printer. Designed for enterprises, the new offering is equipped with two key security features which prompts users for passwords when printing confidential documents and allows administrators to restrict user access to
        97 words
    • 453 33 Reuters [BRUSSELS] European competition officials are wary about proposals to crack open Apple Computer's iTunes Web store to other music players, despite concerns shown by consumer advocates. The French parliament is debating a new copyright bill that would require Apple to permit iTunes music
      Reuters  -  453 words
    • 626 34  -  Company eyes market for powerful multimedia processors says ROLAND LIM ROLAND LIM FABLESS semiconductor manufacturer Solomon Systech which is based in Hong Kong, said last week that it will invest $20 million over the next three years to expand its Singapore research and
      626 words
    • 674 34  -  &lt;we say&gt; KENNETH JAMES Technology Editor WHAT a trip it's been for Ray Ozzie, Bill Gates' newly-anointed successor as Microsoft software guru. Just over 10 years ago, the software visionary had a fateful pow-wow with IBM CEO Lou Gerstner that is today the stuff of
      AP  -  674 words
    • <what's up>
      • 76 34 TAIWAN-BASED smart phone maker Dopod has named Kevin Hou as its managing director for South-east Asia. In his new role, Mr Hou will focus on strengthening Dopod's partner and customer network in the region, particularly in countries like Singapore, Malaysia, Thailand and Indonesia.
        76 words
      • 50 34 BUSINESS Objects has promoted Frederic Moraillon to vice-president of marketing for the Asia-Pacific region and Japan. He was formerly a marketing director with the business intelligence software maker. Based in Singapore, Mr Moraillon will report directly to Business Object's newly appointed regional head Keith Budge.
        50 words
      • 63 34  -  Compiled by WINSTON CHAI AVAYA has partnered with Temasek Polytechnic to provide training and development of IP (Internet Protocol)-based communications solutions. Under the agreement, the polytechnic will now be a part of Avaya's DevConnect developer programme. Specifically, Avaya will provide equipment and technical assistance
        63 words