The Business Times, 1 July 2006

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL26922
Total Pages: 20
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    18 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 099/03/2006 Jul/ 1 I M*. 71 •>'#> -r ''.t^.r^-;•:••'■.«" t»s
    18 words
  • Article, Illustration
    Lock icon S'pore pay up 4.3% in 2005 – the fastest pace in 5 years
    638 1  - S'pore pay up 4.3% in 2005 the fastest pace in 5 years Eight in 10 firms were profitable, says MOM report By CHUANG PECK MING [SINGAPORE] A booming economy and higher corporate profits drove pay up 4.3 per cent last year, the fastest in five years, according to the latest
    Source: MOM  -  638 words
  • Article, Illustration
    Lock icon Markets rally as worries about Fed's stance fade
    600 1  -  Aided by window-dressing, ST Index rises 48 points but fears of US economic slowdown cap optimism By R SIVANITHY [SINGAPORE] What a difference a word or two make a slight alteration in language in the US Federal Reserve's statement after the meeting
    Source: Bloomberg  -  600 words
  • Article
    Lock icon MARKETS DIGEST
    133 1 sn 2,***** (+48.62) ST MDEX FUTURES 2,441.00 (+54.00) SIMSa 290.78 (+€.75) SIMSa FUTURES 291.50 (+7.50) MARKETS Friday Change KLSECOMP 914.69 +4.15 NIKKEI 225 15,505.18 +384.03 HANG SENG 16.267.62 +402.40 SET INDEX 678.13 +7.42 JAKARTA COMP 1,310.26 +35.52 MANILA COMP 2.178.79 +94.17 SEOUL COMP +32.13 SHENZHENS 295.10 +1.73 MUMBAIIND
    133 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      52 1 mml CONVERSATION BT ONLINE H HI IIIHII IIIIIIII III BT print subscribers get free II 11 III access to the Business Times II |j| |j| Online. To activate your account |j|| log on to httpV/businessII III I II111IIill times.asial comsa 8 *****1 *****4 J For more information, e-mail btocs@sph.com.sg or
      52 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      68 1 > V yll'L. £^Sfl£gLJ gty fin xz Breguet. La passion laissa das tracas. "Le R6veil du Tsar". Man's Classique alarm wristwatch in 18-carat yellow gold Self-winding A—v movement with small seconds and date Second time-zone indicator Silvered gold dial. V X hand-engraved on a rose engine. Sapphire caseback Water-resistant. Depuis
      68 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      6 1 COMPANIES SGX market cap ups4o.7binHl ■BBh
      6 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 4
      8 1 > WORLD CUP j|H It looks lifcea Sooiari hat-trick
      8 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Wall St sees signs of the dove in Fed's latest statement
      777 2  -  Less hawkish words raise hopes of an end to interest rate hikes By ANDREW MARKS in New York IT TOOK nearly a year, but Wall Street finally saw the kind of phrasing it was hoping for when the US
      777 words
    • Article
      Lock icon Statement in full
      316 2 Reuters [WASHINGTON] The following is the text of the Federal Open Market Committee's statement on interest rate policy issued at the close of its meeting on Thursday: "The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points
      Reuters  -  316 words
    • Article, Illustration
      Lock icon SPH aims to be more than a print company
      424 2 [SINGAPORE] It is difficult to get into overseas markets through core newspaper operations because of the way regulators restrict foreign media ownership, Singapore Press Holdings (SPH) chairman Tony Tan said yesterday. But SPH has managed to expand through magazines, outdoor advertising
      NG SOR LUAN/ST  -  424 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      471 2 S'pore market cap grows $40.7b in first-half SINGAPORE'S stock market capitalisation increased by $40.7 billion over the first six months of the year, boosted by a large number of new listings and strong performance by property and energy-related stocks. As at yesterday, the total market cap of the
      471 words
    • Article, Illustration
      Lock icon Theglobalistquiz
      371 2 Source: The Globalist Moving towards the US of A China's economy keeps on growing i9ce very few others. As its national economy continues to expand, so do the incomes of its citizens. We wonder How does the average per capita income of the Chinese today compare to that of
      Source: The Globalist  -  371 words
    • Article, Illustration
      Lock icon First time for him, second time for her
      449 2 [SINGAPORE] Two senior correspondents of The Business Times R Sivanithy and Teh Hooi Ling have recently published collections of their work. For Ms Teh, it is her second book. Mr Sivanithy's book, Insights on Warrant Trading and the Singapore Stock Market, is
      ARTHUR LEE  -  449 words
    • Article
      Lock icon Correction
      36 2 IN "Festival aims to explore identity at five levels" (BT, June 30), we misspelt the name of the National Heritage Board's chief executive officer. She is Lim Siok Peng. We are sorry for the error.
      36 words
Page thumbnail Page 3
  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Conservative Indian, ambitious businessman
      1900 3  -  Kumar Mangalam Birla, head of the Aditya Birla Group and contender for the Ernst Young World Entrepreneur award, tells SURESH MENON his company should enter the ranks of Fortune 500 by 2010 SURESH MENON THE moonlit beaches of Monaco are deserted. It's time for indoor celebrations.
      SURESH MENON  -  1,900 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      100 3 Raffles Beijing Hotel gj|^H CHINA 'Z^e"r<HnOMX& OJ~ MBBJM (V returns ■■JHIBI high-society acclaim as the glamorous centre for the city's luminaries. For more information, please visit www.beijing.raffles.com 2006 33 East Chang An Avenue Beijing *****4 People's Republic of China I 100 years later, it is once again the centre of
      100 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      61 3 Raffle? Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Lock icon S'pore market cap grows $40.7b in first-half
      1101 4  -  New listings, strong show of property and energy-related stocks boost bourse By CONRAD TAN Compiled by BT SINGAPORE'S stock market capitalisation increased by $40.7 billion over the first six months of the year, boosted by a large number of new listings and strong
      Compiled by BT  -  1,101 words
    • Article
      Lock icon Great Eastern shares up 12% on OCBC's offer
      538 4  -  OCBC chief views GE bid as a logical and strategic step By KRITI SINGH SHARES of Great Eastern Holdings (GEH) closed 12 per cent higher yesterday after OCBC Bank offered to buy at a premium the remaining shares it doesn't already own
      538 words
    • Article, Illustration
      Lock icon Change in Fed language pushes market up
      522 4  -  STOCKS R SIVANITHY Senior Correspondent A CHANGE in wording in the statement accompanying the US Federal Reserve's latest interest rate hike on Thursday was sufficient to send Wall Street surging and the Straits Times Index rising 48.62 points yesterday to 2,435.39. Markets everywhere
      522 words
    • Article, Illustration
      Lock icon Little known of Mediaßing bid from closeddoor AGM
      425 4  -  AGM WATCH By SWATI CHAUDHARY WHEN it comes to secrecy, even the writers behind the elusive Spiderman have relented with a disclosure of his identity in the latest comic. However, no such concession was made at the 11th annual general meeting of
      ARTHUR LEE  -  425 words
    • Article
      Lock icon China Enersave issuing new shares
      326 4  -  By WEE LI-EN CHINA Enersave proposes to place up to 406 million new shares to fund its proposed acquisition of a 51 per cent equity interest in Yima Jinjiang Energy Comprehensive Utilisation Company. The placement, which is conditional on shareholder approval, will raise about US$42
      326 words
    • Article, Illustration
      Lock icon Venture may be buying GES Int'l
      397 5  -  Shares of GES rise as much as 8% on takeover speculation By OOH BOON PING CONTRACT electronics firm Venture Corp may be acquiring GES International, which makes computer-re-lated products, at a price of at least $1.20 per share. Bloomberg news agency reported yesterday that
      397 words
    • Article
      Lock icon LJ warns of Q2 operating loss
      102 5 LINDETEVES-JACOBERG Limited (LJ) yesterday warned that it expected to report an operating loss for its second quarter, which ended yesterday. As well as the operating loss for the quarter, directors said they expected further losses from a sale of inventory at below net book
      102 words
    • Article
      Lock icon Integrator expects first-half loss
      137 5 NTEGRATOR International Limited yesterday warned that it expects to report losses for the first half of this year, partly due to the delay in the completion of some major projects. Ntegrator, a network infrastructure provider, issued the warning after evaluating the performance and operations of the
      137 words
    • COMPANY BRIEFS
      • Article
        Lock icon Asti receives acceptances
        52 5 ASTI Holdings has received valid acceptances for 167.8 million Flextech Holdings Limited (FHL) shares representing 74.91 percent of the total issued share capital of FHL in Asti's voluntary conditional offer for the rest of the FHL shares it did not already own. The offer for the shares
        52 words
      • Article
        Lock icon Mapletree signs option for warehouse
        82 5 MAPLETREE Logistics Trust Management, manager of Mapletree Logistics Trust, said yesterday that it had, through its trustee, HSBC Institutional Trust Services (Singapore), signed a put and call option agreement to purchase a warehouse building for $13 million from Trivec Singapore. The property, at 138 Joo
        82 words
      • Article
        Lock icon Yeo Hiap Seng renews Pepsi appointment
        69 5 YEO Hiap Seng Limited said yesterday that it has renewed its exclusive bottling appointment with PepsiCo and Seven-up International (a division of The Concentrate Manufacturing Company of Ireland). Yeo Hiap Seng is appointed to bottle, sell and distribute in Singapore carbonated soft drinks under
        69 words
      • Article
        Lock icon Europtronic proposes in specie dividend
        115 5 EUROPTRONIC Group yesterday announced a proposed dividend by way of a dividend in specie on the basis of 200 shares of printed circuit board maker Eucon Holding shares for every 1,000 shares held in the capital of Europtronic. The distribution of shares are part of
        115 words
      • Article
        Lock icon Dragon Land CEO and director resigns
        34 5 RESIDENTIAL developer Dragon Land Ltd announced yesterday the resignation of Chua Yang Hong as the company's chief executive officer and a director of the company with immediate effect.
        34 words
    • Article
      Lock icon Bt Sembawang buys site for $102.7m
      373 5  -  Freehold Paterson Rd/Lengkok Angsa site has 14 houses By KALPANA RASHIWALA CONTINUING its landbanking spree, Bukit Sembawang Estates yesterday announced the acquisition of its seventh site over the past year. It has bought a 44,663-square-foot freehold site at Paterson Road/Lengkok Angsa next to a
      373 words
    • Article
      Lock icon ST Engg wins US Air Force laptop deal worth US$18m
      253 5  -  By MATTTHEW PHAN SINGAPORE Technologies Engineering said yesterday its US company. VT Miltope, has won a US$lB million contract to provide rugged laptop computers for the US Air Force. VT Miltope will provide 1,200 TSC-750M laptops to the US Air
      253 words
    • Article
      Lock icon Brokerage fees for SingTel's odd-lots share trades lowered
      479 5  -  The concession is for its upcoming capital reduction By SIOW LI SEN SINGAPORE Telecommunications has arranged for shareholders to pay lower brokerage fees when trading odd lots relating to SingTel's upcoming capital reduction. An estimated one mil-lion-plus Sing Tel citizen shareholders hold
      479 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      255 5 >:AT3 €0 NOTICES J Toll free. 1800-289-8822 Email: notices^sph.com.sg NOTICE OF MEETING OF CREDITORS Pursuant to Section 296 of Th* Companies Act, Cap. 50 AMS MERCHANDISING PTE LTD (Co. Rog. No. 199T*****Z) Notice it hereby given that pursuant to Section 296 of me Companies Act, Cap. 50 that a Meeting
      255 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      421 5 PARKWAY HOLDINGS LIMITED (Company Registration No. *****0320R) (Incorporated in the Republic of Singapore) Registered Office:1 Grange Road #11-01 Orchard Building Singapore *****329 June 2006 REDEMPTION PRICE OF THE 5575,000,000 2.45 PER CENT. NOTES DUE 2007 The Board of Directors of Parkway Holdings Limited had on 14 June 2006, issued a
      421 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 3
      620 5 STARTECH ELECTRONICS LTD (Company Registration Number *****6220H) ADJUSTMENT TO THE EXERCISE PRICE AND NUMBER OF THE WARRANTS 2004 OF STARTECH ELECTRONICS LTD Unless otherwise stated, the capitalised terms not defined herein shall have the same meanings ascribed to them in the circular to Shareholders dated 22 May 2006 <the "Circular")
      620 words
Page thumbnail Page 6
  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      893 6  -  Compiled by UMA SHANKARI Hong Leong Asia JNMIO dMK $149 CREDIT SUISSE, June 30 THIS week, we toured several of Hong Leong Asia (HLA) subsidiary Xinfei's fridge, freezer and air-con (A/C) factories in Xinxiang City, Henan. We came away with the view that our forecasts for HLA's most
      Source: Bloomberg  -  893 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1076 6 For week beginning Jun 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial luy No of Prkt SHAREHOLDING Trans Shareholder; Soil Shares Par Before Aftor Stock Data Director Con* '000 Shr S ('000) S ('000) Link Hi 30-Jun-06 Xia Jing -Buy 34S na ***** 72.00 ***** 72.28 Link Hi 30-Jun-06
      1,076 words
    • Article, Illustration
      Lock icon Riding on China's booming rail industry
      1465 6  -  SHOW ME'THE MONEY TEH HOOI LING Senkx Correspondent THERE are many things to consider when deciding to buy a stock: the industry the company is in, its competitive edge vis-a-vis its competitors, the management, its expected growth and its current valuation. Usually, a stock
      FILE PHOTO  -  1,465 words
Page thumbnail Page 7
  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Another Asian crisis unlikely
      2876 7 OVERVIEW THE bloodshed across global financial markets last month kindled fears of a deeper crisis in regional economies. Though the market slump has since eased, the force and extent of the earlier bloodletting has left niggling worries among some that a fundamental weakness still dogs the
      AP  -  2,876 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article
      Lock icon Local firms winning more construction projects
      550 8  -  Number won increased by almost 15% to about 450 projects last year By MATTHEW PHAN CONSTRUCTION and engineering consultancies from Singapore are winning more projects in India, South-east Asia and the Middle East, though projects in China have stayed relatively constant, the Building and
      550 words
    • Article, Illustration
      Lock icon MacauLand property in glitzy launch
      206 8 CABARET girls, food and wine provided the warm atmosphere to about 100 guests at MacauLand's glitzy property launch of their upmarket Manhattan development at the Tower Club. Eight Singaporeans are said already to have placed $3,000 refundable deposits as an expression of interest in the
      ARTHUR LEE  -  206 words
    • Article
      Lock icon Five people detained under ISA for JI ties
      321 8 THE government revealed yesterday that five people including Mas Selamat bin Kastari, the leader of the Singapore Jemaah Islamiyah (JI) network were served with Orders of Detention between March and May and detained under the Internal Security Act (ISA) for their involvement
      321 words
    • Article
      Lock icon Visitor arrivals in May a record high for the month
      270 8 MORE May visitors than ever came to Singapore this year, figures compiled by the Singapore Tourism Board (STB) showed yesterday. Singapore welcomed 765,000 visitors in the month, 7.8 per cent more than May 2005. STB said that the number was
      270 words
    • Article
      Lock icon Managers' pay in '05 is 5 times of cleaners
      495 9  -  Professionals get 3 times as much; craftsman, twice, according to MOM By CHUANG PECK MING Source: Report on wages in S'pore, 2005; MOM MANAGERS were paid five times more than cleaners or labourers last year, the latest Ministry of Manpower report
      Source: Report on wages in S'pore, 2005; MOM  -  495 words
    • Article
      Lock icon Marina South Pier opens its doors
      448 9  -  By DONALD URQUHART THE Republic's new waterfront gateway, Marina South Pier, was officially opened yesterday, replacing the 73-year old Clifford Pier as the landing point for domestic ferry and launch vessels carrying seafarers to and from their anchored vessels. The new pier, located at
      448 words
    • Article
      Lock icon Korea business centre in S'pore to help SMEs
      200 9 FOLLOWING the Singapore-Korea free trade agreement in March, a new Korean business support centre will be set up in Singapore to create business opportunities. The move follows a Memorandum of Understanding signed yesterday between International Enterprise (IE) Singapore and Korea Trade-Investment Promotion
      200 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      6004 9 UNIT TRUSTS FUNDS ACMGI Amer income A USO 8.31/ ACMGI Amer Income B USO 8.31/ ACMGI Amer Income A EUR 6.56/ AIM Amro Asset Mgt (S pore) ACMGI Amef Income 8 EUR 6.56/ Star Europe EqV 1912/ A CMGI El#op opp AT SGD 14.95/ Star Eircpe Bond .1.16/ ACMGI Europ
      6,004 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      62 8 Subscribe to 12 months of The Business Times et $265* and receive 6 months of Newsweek H ifs. m 2 bottles of red/white wine of your choice ■i ifltpySlNESs Times h Wine Cooler Bag complete with accessories Jk T^" lase H continue m Call 6388 3838 now to subscribe Delivery
      62 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      38 9 L AllianzGI RCM Global Twin-Focus Fund a fund that offers you twin benefits Allianz (ili) Pvll f °f potential quarterly payouts and limits possible downside. Visit OCBC Bank for s f. mor G details. company re«ii no I'WO/lfc'V
      38 words
Page thumbnail Page 10
  • MALAYSIA
    • BRIEFLY ASIA
      • Article
        Lock icon China's largest cargo airlines to merge
        47 10 Reuters [SHANGHAI] China's top two cargo airlines, Air China Cargo Co Ltd and China Cargo Airlines Ltd, are set to merge by the end of this year, looking for more clout in a market dominated by foreigners, state media said yesterday.
        Reuters  -  47 words
      • Article
        Lock icon Yuan up on central bank speculation
        79 10 Bloomberg [BEIJING] The yuan rose to the highest since a July revaluation on speculation the central bank will let the currency gain as it reduces US dollar purchases amid efforts to mop up excess liquidity in the world's fastest-growing major economy. "The central bank
        Bloomberg  -  79 words
      • Article
        Lock icon India to launch satellite in mid-July
        56 10 Reuters [SRIHARIKOTA, India] India's space agency is set to launch its heaviest satellite, a move that will catapult the country into the multi-billion dollar launch market. The new communications satellite weighs 2.2 tonnes and is due to lift off in mid-July from Sriharikota, India's
        Reuters  -  56 words
      • Article
        Lock icon United Breweries denies raising funds
        37 10 Bloomberg [BANGALORE] United Breweries Group, India's biggest distiller, denied a local newspaper report that the company has arranged to raise 500 million euros (Ssl billion) to buy a wine company in Europe.
        Bloomberg  -  37 words
      • Article
        Lock icon BMW H1 China sales up almost 60%
        56 10 Reuters [HONG KONG] Germany's BMW, the world's largest premium carmaker, said yesterday that its sales in mainland China in the first half 0f2006 had risen nearly 60 per cent from a year before. Total sales of BMW brand cars in mainland China last
        Reuters  -  56 words
      • Article
        Lock icon Hang Seng to use 'free-float' method
        64 10 Bloomberg [HONG KONG] The composition of Hong Kong's Hang Seng Index will be calculated using a "free-float" method that focuses on the number of shares a company has that are available for trade, the stock benchmark's compiler said. The representation of companies on the
        Bloomberg  -  64 words
    • Article
      Lock icon Dubai group to buy 40% of Bank Islam
      584 10 Dubai Financial will pay RM828.2m for 690.2m shares, says the M'sian bank Bloomberg [KUALA LUMPUR] Dubai Investment Group LLC, a state-owned investment company, plans to pay RM828.2 million (*****.2 million) for 40 per cent of Bank Islam Malaysia Bhd, the nation's oldest
      Bloomberg  -  584 words
    • Article
      Lock icon Umno tries to fix row between PM, Mahathir
      300 10 AFP [KUALA LUMPUR] Malaysia's ruling party was trying to mend the sour ties between Prime Minister Abdullah Ahmad Badawi and his unhappy predecessor Mahathir Mohamad, a senior minister said yesterday. Information Minister Zainuddin Maidin said the ruling United Malays National Organisation (Umno).
      AFP  -  300 words
    • Article
      Lock icon SGX MAINBOARD
      8182 10 Transaction date: Jun 30 n* Td Lot Voi Day Lift Quota GrOtv M* GrYM MM MCa HK» low Codo Cow—y Solo W- (top) HK» low idhr CV Ht $3 4 1 5716 IstSoftwareSc 2.5 23--- 10.1 ,5 IIS ?TelecomUS2c 7 unch 100 7 7 7 7.5 5.8 4.9
      8,182 words
Page thumbnail Page 11
  • INDONESIA
    • Article, Illustration
      Lock icon Anti-graft fight impeding Indon growth
      619 11 New transparency rules hit decision-making, leading to underspending on key projects Reuters [JAKARTA] When President Susilo Bambang Yudhoyono came to power in Indonesia vowing to stamp out corruption, sceptics scoffed it was an impossible task in a country where bribes are demanded from the cradle
      Reuters; AFP  -  619 words
    • Article
      Lock icon SGX
      6472 11 Transaction Date: Jun 30 MOST ACTIVE STOCKS VOLUME VALUE Thai Beverage 62.445.000 DBS Grp 127.727.734 UTAC US 15c 32.777.000 UOB 95.413.100 Chart SemiCond 26c 30.485.000 SingTel 15c 73.484.577 SingTel 15c 28.965.000 SGXIc 71.032.694 S Reinsurance 20c 28.159.000 Keppel Corp 50c 67.890.768 China SunHK25c 26.924.000 CapitaLand 65.540.980 Hengxin 21.285.000 OCBC
      6,472 words
Page thumbnail Page 12
  • GREATER CHINA/INDIA
    • Article
      Lock icon HK deals cap a good half year for Asian M&A
      544 12 Asia-Pac volumes, excluding Japan, hit a record US$229b in H1 of 2006 Reuters [HONG KONG] Asian mergers and acquisitions (M&A) closed out the first half with a bang as Hong Kong's PCCW Ltd emerged as a potential US$7.5 billion buyout
      Reuters  -  544 words
    • Article
      Lock icon BURSA MALAYSIA
      2352 12 vol General Corp 0.59 0.01 455 WW COOO) Genting 23.70 -0.10 660 George Kent 0.49 undi 32 ASM Realty 135 undi 1 GHL Systems 0.23 undi 5900 A 4 •••0-35 -001 50 GlobetronicsTedi 0.32 0.01 194 ACP Industries 0.92 0.01 60 GtomacBhd 1.17 undi 106 Advance Synergy Oil
      2,352 words
    • Article, Illustration
      Lock icon Farewell to fakes in Xiangyang market
      516 12 Bloomberg [SHANGHAI] The city's biggest market for counterfeit goods closes today, a victim of rising property prices rather than pressure from the US and European Union (EU) for China to crack down harder on piracy. For six years, stallholders have peddled fake Giorgio Armani
      Bloomberg; REUTERS  -  516 words
    • Article
      Lock icon Bank of China Group's profits up 31 %
      261 12 Bank of China Group's profits up 31 AFP [SHANGHAI] The Bank of China Group said yesterday that profits last year jumped 31 per cent to 27.49 billion yuan (555.46 billion), boosted by improved interest margins and a reduction in bad debt. "This performance validates the effectiveness of our continuing efforts
      AFP  -  261 words
    • Article
      Lock icon Chinese regulator urges banks to boost efforts to stop fraud
      223 12 Reuters [BEIJING] China's banking regulator yesterday urged the country's lenders to redouble their efforts to strengthen internal controls and prevent scandals, renewing a call for better supervision following a series of fraud cases. In June alone, several prominent Chinese banks
      Reuters  -  223 words
    • Article
      Lock icon Li Ka-shing's firms to pay 2.3b yuan for Qingdao site
      168 12 Bloomberg [HONGKONG] Hong Kong billionaire Li Ka-shing's Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd will pay 2.3 billion yuan (*****.7 million) for a site in Qingdao, eastern China, that they will develop into residential and commercial properties. Cheung Kong
      Bloomberg  -  168 words
    • Article
      Lock icon Bangalore eyes foreign investment to beef up infrastructure
      429 12 Reuters [BANGALORE] Authorities in India's technology hub of Bangalore are wooing foreign capital to crank up its creaking infrastructure to help lure back Western firms who are turning to other cities for outsourcing and IT services. The government plans to build new
      Reuters  -  429 words
Page thumbnail Page 13
  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US consumer prices increase 0.2% in May
      441 13 LATEST US DATA Inflation-adjusted spending up by just 0.1% on high energy prices Reuters [WASHINGTON] A key gauge of core US consumer prices rose a moderate 0.2 per cent in May, but inflation-adjusted spending advanced just 0.1 per cent as energy prices pressured
      Reuters  -  441 words
    • Article, Illustration
      Lock icon Bullish BOJ economy data expected
      475 13  -  Short-term policy interest rates likely to be increased By ANTHONY ROWLEY in Tokyo A SLEW of bullish data on the Japanese economy is expected to be capped on Monday by the findings of the latest Bank of Japan (BOJ) quarterly survey of business sentiment, suggesting
      AP  -  475 words
    • Article
      Lock icon Apple becomes latest firm with stock option trouble
      251 13 AP [SAN FRANCISCO] Apple Computer on Thursday joined the crowd of Silicon Valley companies to acknowledge some stock options awarded to employees might have been mishandled a problem that threatens to raise questions about the accuracy of past financial statements. The maker
      AP  -  251 words
    • Article, Illustration
      Lock icon Bickering nations place WTO trade talks in jeopardy
      665 13 AP [GENEVA] The United States joined the fray in contentious global trade talks yesterday, accusing the EU, Brazil and India of failing to match US ambitions in a disappointing first day of last-ditch negotiations. Officials on all sides described the Thursday evening
      AP; AFP  -  665 words
    • Article
      Lock icon Investor wins Buffett lunch with US$620,100 bid
      440 13 Bloomberg [NEW YORKI A Californian investor won a chance to dine with, billionaire investor Warren Buffett for U*****,100 in an online auction run by eßay. The previous record for the seven-year-old fundraiser was U*****,100. Duan Yongping, 45, who is a former owner of
      Bloomberg  -  440 words
    • Article
      Lock icon UK watchdog starts probe into airports
      307 13 Reuters [LONDON] Britain's consumer affairs watchdog said yesterday it was launching an investigation into UK airports just weeks after the country's biggest airports group, BAA pic, was snapped up by Spain's Ferrovial. The Office of Fair Trading (OFT), which announced last month it might
      Reuters  -  307 words
  • Page 13 Advertisements
Page thumbnail Page 14
  • WORLD CUP 2006
    • Article, Illustration
      Lock icon Scolari looks to score a hat-trick
      489 14  -  By VEN SREENIVASAN WITH Gary Neville now having recovered from his calf strain and fit for today's game, England manager Sven-Goran Eriksson takes his team for a face-off against Portugal with too many defenders and midfielders, and too few tried-and-tested goal-scorers. Neville, who missed
      489 words
    • Article
      Lock icon Samba Boys set to step up another gear
      515 14  -  By MICHELLE QUAH AS the shouts of "Eng-er-land, Eng-er-land" threaten to drown out all others, don't forget there is another dare I say, worthier? game a couple of hours later. Former and currerft title holders France and Brazil will clash in their
      515 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      833 14 Organised by The Business Times and Philips, it brings together 32 executives who have teamed up to help raise funds for Food from the Heart. Each executive has been assigned a team. And for every match the team plays, the executive will donate $1,000. good to see that Gary Neville
      833 words
Page thumbnail Page 15
  • MOTORING
    • Article, Illustration
      Lock icon E is for exciting
      932 15  -  The Mercedes-Benz E-Class has more than 2,000 new or enhanced parts, says SAMUEL EE SAMUEL EE HOW Germany has changed! The chancellor is now a woman, the national team has finally bared its football prowess, and volume Mercs have become fun to drive. Over the years,
      932 words
    • Article, Illustration
      Lock icon Safety first
      378 15 BEAUTY is skin deep, or at least where the Mercedes-Benz E-Class is concerned. As part of its mid-life makeover, the mid-sized luxury model has had a minor external facelift but major internal rejuvenation. The letter has resulted in a more dynamic chassis and steering, more powerful yet equally
      378 words
    • Article, Illustration
      Lock icon The next big thing in micro city cars?
      647 15  -  By RAYMOND LAI THE Mitsubishi i micro car has more than one thing in common with the exotic Ferrari F430. Yes, they are both available in the brightest shade of red but there is more to that than meets the eye the
      647 words
    • Article, Illustration
      Lock icon A safe van, safe driver culture
      517 15  -  By WILLIAM WHEY MERCEDES-BENZ didn't really need the water tanker during its recent safety driving event for commercial vehicles Mother Nature was on hand to help out at the wet handling section. It was pouring on a weekday morning at a Yishun trailer carpark
      517 words
Page thumbnail Page 16
  • GOLF
    • Article, Illustration
      Lock icon Fun on the green
      561 16 A TOTAL of 200 corporate personalities teed off for this year's The Business Times 30th Anniversary Advertising Golf Tournament at Tanah Merah Country Club's Tampines Course last Friday. The competition was played to an unusual "four-and-a-half' club format, whereby they were only allowed to bring four
      561 words
Page thumbnail Page 17
  • WELLNESS
    • Article, Illustration
      Lock icon Did I hear you say ear implant?
      1214 17  -  A middle ear implantation may be expensive but it can help when hearing aids are not enough, CHEAH UI-HOON reports CHEAH UI-HOON WHEN businessman Lim Sin Hoa, 73, heard about an operation that could improve his hearing, he immediately wanted it done. "It's
      1,214 words
    • Article
      Lock icon Diabetics risk developing heart disease 15 years ear ier
      422 17 Reuters [LONDON] Diabetics are at risk of developing cardiovascular disease, one of the world's biggest killers, 15 years earlier than other people, according to a scientist yesterday. So a 40-year-old with diabetes has the same odds of having a stroke or
      Reuters  -  422 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      516 17 The Enterprise 50 award programme, by Accenture and The Business Times in 1995, recognises the contributions that local, privately held companies have made in economic SP^ development at home and abroad. Enterprise 50 is jointly supported by the Singapore Economic financial year must fall within the 2005 calendar Development Board,
      516 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      346 17 CRYPTIC CROSSWORD 6 A sharp operator eg Molly 8 Old coin showing country, 9 How sailor goes out to get regional prizes (8) T I I I I I I 10 One duke accompanying a LJ-— TMB ~188 princess in the theatre H I 11 Whitener cjets black to perco--12
      346 words
Page thumbnail Page 18
  • SHOPPING
    • Article, Illustration
      Lock icon Jewellery just for men
      872 18  -  Roberto Perlini, well known for his Perlini's Silver, is setting up an accessories store for men. CORINNE KERK reports CORINNE KERK SEVENTEEN years ago, Roberto Perlini opened a little shop selling pricey sterling silver accessories in the old Promenade shopping centre. Since then, Perlini's Silver has
      872 words
    • Article, Illustration
      Lock icon Jimmy Choo a shoo-in winner here
      981 18  -  The shoe label that embodies Hollywood glam is coming to town, says CHEAH UI-HOON CHEAH UI-HOON YOU'RE probably not a real shoe fan if you haven't made space in your shoe cupboard for a new pair of bought-in-Singapore Jimmy Choo heels now that the
      981 words
Page thumbnail Page 19
  • TRAVEL
    • Article, Illustration
      Lock icon Mediterranean calling
      977 19  -  LESLIE YEE takes in the sights of the Eastern Mediterranean on Superstar Libra's maiden voyage to Europe LESLIE YEE IF the mere mention of Star Cruises brings to mind gambling cruises to nowhere or to neighbouring Asian isles, then the time is right for you to rediscover a
      977 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      638 19 wine&dine withweekendBT Cafebi Z Sizzling Rock dishes out your meal on a volcanic piece of Marina Square #02-05/06, Tel: 6336 6696 218 Queen Street. TeL *****119 Traders Hotel, Lobby level TeL *****374 f' 1 SkyHght tM% Weekly lunch of cWcken cordon Cafebi? offers motir Asian and Inral nikinp n-wHI ac
      638 words
Page thumbnail Page 20
  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Chinese tea lady
      1027 20  -  GEOFFREY EU finds out how tea suits one woman to a T while CHEAH UI-HOON discovers that tea is indeed for two GEOFFREY EU CHEAH UI-HOON A S a young girl, Carrie rChen had a sip of Chinese tea and took i an instant dislike to V
      PHOTOS: ARTHUR LEE  -  1,027 words
    • Article, Illustration
      Lock icon Discover a whole new world of teas
      1216 20 F THE tea leaves at the bottom of a cup could really be read, and if husband-and-wife couple Malvin Yeo and Jessie Lim had read them, say, a year ago, they might have seen this spelled out: You shall open a tea shop
      PHOTOS: ARTHUR LEE  -  1,216 words
    • Article, Illustration
      Lock icon Tea tips
      169 20 ♦Only buy tea that you have had a chance to taste. If you don't know, please ask; if that person doesn't know, don't buy from him. Don't buy because of the packaging you will expect more out of it than the tea itself. Good tea is never bitter
      169 words
  • Page 20 Advertisements