The Business Times, 3 July 2006

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Microfilm: NL26922
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Monday, July 3,2006
    15 words
  • Article, Illustration
    Lock icon CityDev tipped to win coveted Sentosa site
    617 1  -  Sources say it has edge over Lippo; both are partnering Westin for hotel component By KALPANA RASHIWALA [SINGAPORE] The race for a hotel, commercial and condo site at Sentosa Cove is said to have narrowed to two contenders City Developments and Lippo. The
    617 words
  • Article, Illustration
    Lock icon S'pore entertainment, media industry poised for long upswing
    512 1  -  By AMIT ROY CHOUDHURY [SINGAPORE] The entertainment and media industry in Singapore, driven by increased broadband penetration, is on track for solid growth till 2010. According to a new study by PricewaterhouseCoopers (PwC), spending in the Singapore market for Internet advertising and
    512 words
  • Article
    Lock icon MARKETS DIGEST
    134 1 MARKETS WMk Chge STI 2435.39 +92 36 KLSECOMP 914.69. +835 NIKKEI 225 *****.18_.+381.14 HANG SENG *****.62 ....+458.81 SET INDEX .678.13 +18.61 JAKARTA COMP ...1310.26 +20.10 MANILA COMP ....2178.79. +65.62 TAIPEI TAIEX 6704.41 ....+252.10 SEOUL COMP 1295.15 +66.53 SHENZHEN B 295.10. .....+14.49 AUSTALLORD 5034.00 ....+108.20 DOW JONES *****.22 ....+161.13
    134 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Finally, heads roll at Airbus, EADS
      432 2 EADS's French co-chief. Airbus's German head stepping down AP, AFP, Reuters [PARIS] The heads of the European aerospace group (EADS) and its Airbus subsidiary resigned yesterday over delivery delays of the A3BO superjumbo that has wiped billions of euros off EADS's share price. The
      AP,; AFP,; Reuters  -  432 words
    • Article
      Lock icon Stressed out investors get a break
      663 2  -  WALL STREET INSIGHT But they will soon have to deal with the earnings season By ANDREW MARKS in New York WITH this trading week in US stock markets shortened by the Fourth of July Independence Day holiday, investors may finally have a few calm
      663 words
    • Article, Illustration
      Lock icon S'poreans secure about retirement
      754 2  -  People here more confident than in Taiwan, HK: poll By WONG WEI KONG [SINGAPORE] Singaporeans are generally more confident than people in Hong Kong and Taiwan in the ability of their retirement savings to provide for a comfortable retirement, but there is still an over-re-liance on
      Source: Singapore-Retirement Index Study 2006  -  754 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      406 2 S'poreans secure about retirement: Citibank SINGAPOREANS are generally more confident than Hongkongers and Taiwanese that their savings can provide for a comfortable retirement, but there is still an over-reliance on Central Provident Fund savings as the primary source of retirement income, a Citibank survey has found. TOP STORIES,
      406 words
    • Article, Illustration
      Lock icon The task ahead for Changi Airport
      811 4  -  NEWS ANALYSIS Air liberalisation, advances in aviation technology pose challenges to a S'pore success story By VEN SREENIVASAN [SINGAPORE] It has been exactly 25 years since a military airbase in the eastern tip of Singapore was rebuilt into one of Asia's iconic airports. Changi
      FILE PHOTO  -  811 words
    • Article
      Lock icon Russia lifts currency controls to make rouble fully convertible
      354 4 AFP [MOSCOW] Russia lifted currency controls last Saturday in a sign of new-found economic confidence less than eight years after defaulting on its massive domestic debt, devaluing its currency and wiping out its people's savings. The controls were lifted in accordance
      AFP  -  354 words
    • Article
      Lock icon S'pore still a key hub for call centres
      481 4  -  By CHUANG PECK MING [SINGAPORE] Singapore is still holding its ground as a key hub for call centres in Asia, even as competition hots up. Two in three of the contact centres here expect to hire more staff in the next six
      481 words
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  • Page 3 Advertisements
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      813 3 F ™stßs Quality Malls TRUST |l ll Mlt wA* w JL_ (D constituted on H I 5 June 2006 under the laws of the Republic of Singapore) I I I J mHKH MS***-? fflW T^HHKMB HI hHHHHHk vHHMBP JF fIHHHHHk*. *> -IHB9HHNI WVHHIHHHI' ;v nT/9HHi *I^^HBMMH Mj >..,$. y Jgl
      813 words
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  • Page 4 Advertisements
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      2998 4 rT Registration No. *****0219E mOm IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the annual general meeting of IDT Holdings (Singapore) Limited will be held at Level 4, Esplanade Room 2, Carlton Hotel Singapore, 76 Bras Basah Road, Singapore *****8 on Friday, July
      2,998 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon IPOs can still go ahead if pricing is attractive
      800 5  -  But market for new offers seen staying weak until bullish mood returns By SIOW LI SEN THE stock market may have tanked and taken IPO casualties, both potential and recent debutantes, but bankers say new listings can still be done as
      800 words
    • Article
      Lock icon Popular should stick to core business
      809 5  -  HOCK LOCK SIEW By WONG WEI KONG COMPANIES today are expected to stick to their core businesses. And many do not need to be persuaded to do so, with the painful memories of past excursions into unrelated areas by Singapore firms serving as a
      809 words
  • Page 5 Advertisements
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      84 5 I FREEHOLD SITE NEAR SOMERSET MRT Site Area: Approximately 10,050 sq ft CH 4RD Centrepoint Plot Ratio: 28: U P to 6 ore y s Ngee Ann &D 3-minute walk to Somerset MRT Station, City C Orchid* Centrepoint, upcoming Glutton Square development BfjH Square Zoning; Residential with I" storey commercial
      84 words
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      90 5 www.qtc.com .qa >*a™Brv c "f tSj Capitalising on its wealth of proven gas reserves. Qatar is building a dynamic and sustainable economy By 2009. a total of US$13 billion will have been spent on public works and infrastructure. The Qatar Financial Centre is at the heart of this development programme
      90 words
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  • Page 6 Advertisements
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      87 6 E-gg&gSSSftgfcfolißK V* f -'M~:. fw ||9ffi|^^H^^H| Aifr >_ fclteV: e IB" c^«WMBWMHMMMHMB^MM flll^|p|iliif|filll^^ fe'^^m%fi^SjiS *y vS "i r' lifelfe*^^*-•■frtyr? 1 yi BM:- -*i I :.■-'&^&~fyt&&'W?£^ toTliir Q-J I k li V K. 9 'Smallest and Lightest PC with Intel* Centrino* Mobile Technology and Windows* XP (as of May 2006, Sony
      87 words
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      694 7 Sony recommends Microsoft -> Windo.vs'b XP \/mo no more bounds Wcentrino^^A The World's First Blu-ray Notebook 1 p^}- \/>. VMO f* ;> HQv r v Video Audio Integrated Operation. This is what VAIO stands for, why it was created. The name also indicates a promise: that VAIO will always lead
      694 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      510 8 H|»aai B ■Mta Fag Pl| Hill El Ml tof Jstf—*m—<*m—4fe_ (ati tm <*•« ias_ AcWuUodutn I 271 IVMi JOAai l«M FopuUr HtdgiIfc a 470 OTScp 07 Sep t»S«p AnJwmedlmMlg OJS lltt KMi OSM ftaFAsMu j IJ5 11 M 14-M JAAA MM 400 2SAn 01 u IB-feg WIVs F
      510 words
    • Article, Illustration
      Lock icon So, was last week a sucker's rally after all?
      672 8  -  STOCKS R SIVANITHY Senior Correspondent FOR those who missed it, TV network CNBC's US market opening show last Friday (Friday night local time) was headlined "Is this a sucker's rally?" referring to last Thursday's jump on Wall Street that came supposedly
      672 words
    • Article
      Lock icon Asian units up amid signs of Fed rate relief
      479 8 CURRENCIES AFP [HONG KONG] Asian currencies gained ground against the dollar last week after the US Federal Reserve hinted it may soon put an end to two years of interest rate hikes. Japanese yen: The yen rose against the dollar after
      AFP  -  479 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      427 8 Source: Reuters OTHER SINGAPORE INDICES Jun 30 VALUE CLOSE BT OB/OS 406.00 -93.00 BTCAPI -*****.00 +214.00 BT 10-day MA -*****.00 +41.00 All-SG Equities 629.32 +13.60 SG Equities Elect 98.56 +0.87 SG Equities Fin 1829.44 +55.67 SG Equities Prop 819.23 +23.83 SIMSCI 290.78 +6.75 SiMSCI Futures 291.50 +7.50 MOST
      427 words
    • Article
      Lock icon Prices rebound on tight supplies, keen demand
      380 8 COMMODITIES AFP [LONDON] The price of many commodities, including crude oil, gold and copper, rebounded last week as the market focused on tight supplies, strong demand and a weaker US currency. Traders drew comfort on Thursday from the prospect of a pause in
      AFP  -  380 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Biosensors aims for 10% of stent market
      595 9 It offers Bio Matrix as alternative after concerns over rival products' safety Reuters BIOSENSORS expects to capture up to 10 per cent of the global heart stent market by 2011 with its new drug-coated Bio Matrix stent as it hopes to offer an
      Reuters; ARTHUR LEE  -  595 words
    • Article
      Lock icon Electrotech eyes foreign buys as it faces flat growth
      513 9 Reuters SINGAPORE contract electronics maker Electrotech Investments Ltd is seeking fresh acquisitions to expand its skills even as it faces flat sales and earnings this year due to foreign exchange losses and margin pressure. Electrotech is eyeing electronics manufacturing suppliers in
      Reuters  -  513 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ban Joo expects to post losses
        46 9 TEXTILE company Ban Joo Company Limited warned on Saturday that it is expecting losses for the fiscal year ended June 30, 2006. The warning came after it took into consideration provisions for impairment losses for discontinuing operations and trade receivables.
        46 words
      • Article
        Lock icon S Iswaran quits Hyf lux board
        45 9 WATER play Hyflux said late last week that its director S Iswaran, who has been with its board since June 2,2003, has resigned with effect from June 30,2006. Mr Iswaran is now Minister of State for Trade and Industry.
        45 words
      • Article
        Lock icon Jade Tech winds down loss-making unit
        53 9 JADE Technologies Singapore said thaUhe manufacturing operations of one of its wholly-owned subsidiaries, Jade Mold Engineering Pte Ltd, will be wound down. Jade Mold has been operating at a loss. JTS believes that winding down Jade Mold's loss-making operations will improve the results of
        53 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (June 30,2006)
      265 9 NUMBER CLOSING GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST Of DAYS Of PIKES* REDEMPTION ISM CODE DATE RATE (Sm) PAYMENT ACCRUED CXQUDMG YIELD (%|ia) DATES INTEREST ACCRUED NIEHES!) (%pia.) 01.08.2006 N*****1F 2004 13/8 2600.00 1/2 1/8 149 99.87 2.83 SG********** 01.02.2007
      265 words
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      Lock icon Page 9 Advertisements Column 1
      2017 9 ASIAENV ASIA ENVIRONMENT HOLDINGS LTD (the "Company") (Incorporated in the Republic of Singapore) (Company Registration No. *****4778Q NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting and otherwise in accordance with all other laws and regulations of the Company be held at held at 80
      2,017 words
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      415 9 NOVENA HOLDINGS LIMITED In oyj na. (Incorporated in the Republic of Singapore) (Company Registration Number: *****7300 M) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Novena Holdings Limited (the "Company") will be held on Wednesday, 19 July 2006 at 10:30 am at 47 Sungei Kadut Avenue, Singapore *****0,
      415 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Portfolios advance in tandem with broad market
      1374 10  -  TEH HOOI LING Senior Correspondent Relief that the us Federal Reserve may finajly be done with raising interest rates sent the markets around the world including Singapore sharply higher last week. For the week, the Straits Times Index advanced 3.9 per cent and
      1,374 words
    • Article, Illustration
      Lock icon Buying slows down, selling remains low
      1247 10  -  Drop in purchases occurs as Straits Times Index rebounds 3.9 per cent, reports ROBERT HALILI ROBERT HALILI THE buying by directors and major shareholders slowed considerably last week. Only 21 firms recorded 38 acquisitions, worth $2.1 million. The figures were sharply lower than the
      1,247 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Asia Carbon eyes global 'carbon credit' trade
      738 11  -  The Singapore firm is a pioneer in trading credits for reducing emissions, reports MATTTHEW PHAN MATTTHEW PHAN THE Asia Carbon Group, a pioneer in electronic trading of "carbon credits", could help Singapore in its bid to become a hub for environmental engineering and
      YEN MENG JIIN  -  738 words
    • Article, Illustration
      Lock icon eSys chairman wins youth award
      200 11 DEFENCE Minister Teo Chee Hean has conferred the nation's highest youth accolade the Singapore Youth Awards on six individuals and one team at the Istana yesterday. eSys chairman and managing director Vikas Goel added yet another award to his tally when he picked up the
      200 words
    • Article
      Lock icon EVENTS LISTING
      121 11 DATE/ TIME EVENT VENUE 4 Jul HVAC Asia Seminar 2006 Singapore Expo 10.30am 4-7 Jul International Exhibition Singapore Expo, 11.00am and Conference on Hall 4B Infrastructure and Facilities Development in Asia 5 Jul ISEAS Seminar on Different ISEAS, Seminar Room 3.00pm Societies, Shared Future: II, 30 Heng Mui
      121 words
  • Page 11 Advertisements
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      205 11 WHY YOU MUST ATTEND Expand your contacts with industry players from over Synergistic creation of business opportunities between 40 countries regions and 500 participating companies industrial end-users, buyers and sellers Visit international pavilions from China, Germany, India, Source from an international range of products, equipment Italy, Korea, Malaysia, Singapore, Thailand
      205 words
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      Lock icon Page 11 Advertisements Column 2
      140 11 Carly Fiorina ■•••LEADERS J ■ir presents and Tom Peters B EMeeMengftJ l^iSn Tom Peters, who remains THE authority on leading and indeed BB HM creating change, will share his secrets to success as he entices you to take the necessary risks to survive in today's ever Hfl changing economic environment.
      140 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon M&A GROWTH TRACK
      4211 12 THIS WEEK'S TOPIC What are the benefits and pitfalls of taking the M&A (mergers and acquisitions) route for company growth? AS a start, when a company embarks on the M&A route to achieve growth, it is about choosing or making choices relating to its future, strengthening its
      ST GRAPHICS  -  4,211 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      70 12 BT CEOs e-dub 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 executives
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  • Page 13 Advertisements
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      91 13 Due to space constraints, we are unable to print all the responses received. For the complete list of views from CEOs> go to .com.sg 300 international awards and over 80 international destinations. Offer includes two nights at the Ritz-Cartton for First Class and one night at the Jumeirah Emirates Towers
      91 words
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  • DINING OUT
    • Article, Illustration
      Lock icon French classics, Japanese favourites
      1083 14 NEW CHEF The Harbour Grill Oyster Bar Hilton Singapore, 581 Orchard Rd Tel: 6730 3393 SINGAPORE may not have a Spoon by Alain Ducasse, but here's the scoop: the Hilton Singapore has brought in a protege of the nine Michelin star French chef for its fine-dining
      1,083 words
  • Page 14 Advertisements
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      26 14 K Citibank cardmembers enjoy 15% discount off total bill 581 Orchard Road Singapore *****3 Tel 6730 3393 Fax 6235 4140 Hilton Website www.singapore.hilton.com Email: harbourgrill.singapore@hilton.com Singapore
      26 words
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      Lock icon Page 14 Advertisements Column 2
      268 14 Don't miss your opportunity to see Dr. Why companies ore implementing best Special Offer! HMMRH Harold Kerzner, one of the world's most practices libraries, knowledge As a Registrant, you will BHpHB renowned Project Management experts! repositories, project management also receive Dr. Kerzner's ~£"7"i Register today! Space is limited. offices and
      268 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon It pays to join an alumni club
      685 15  -  KRITI SINGH looks at the benefits offered by the various alumni associations KRITI SINGH YOITRE graduating from your polytechnic spent at your alraa mater seems like You want to hold on to the memories and stay in touch. You want to jgve something
      685 words
    • Article, Illustration
      Lock icon Eye for high life reaps rewards
      731 15  -  CAMPUS LIFE By CRYSTAL NEO WHILE others concentrate on the now, Fanny Ang, Mary Yeo and Carrie Chen are planning ahead. They wanted a'shopping mall that caters to the professionals, managers, executives and businesswomen, or PMEBs a breed that they all aspire to be
      ARTHUR LEE  -  731 words
  • Page 15 Advertisements
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      251 15 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
      251 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon ADB forms panel to chart policy direction
      545 16  -  Members seen as able to bring new ideas to bear on Asian development By ANTHONY ROWLEY in Tokyo FORMER US Treasury secretary Lawrence Summers, who has just stepped down as president of Harvard University, is one member of a six-strong panel that will
      545 words
    • Article
      Lock icon Central banks tread softly on tightening
      552 16 Reuters [FRANKFURT] Softly, softly seems to be the message that central bankers are delivering on the path of global credit tightening that lies ahead. Financial markets are volatile and the cheap money that sloshed around the global economy after several years of very low
      Reuters  -  552 words
    • Article
      Lock icon Bush taps academic Mishkin for Fed board
      192 16 AFP. [WASHINGTON] US President George W Bush has named Frederic Mishkin, a Columbia University professor, to the Federal Reserve's board of governors, the White House said on Friday. Dr Mishkin, 55, is the Alfred Lerner professor of banking and financial institutions at Columbia's
      AFP.  -  192 words
    • Article
      Lock icon Tankan expected to show rising business confidence
      293 16 AFP [TOKYO] A key survey of Japanese business sentiment is expected to show confidence improving slightly among large manufacturers, underpinning prospects of an end to zero interest rates, analysts said. They said the Bank of Japan Tankan survey, which is due today, is
      AFP  -  293 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Petronas shows the way to go
      813 17  -  MALAYSIA INSIGHT Letting profitable, well-run corporations do their job without interference is the best thing KL can do PAULINE NG KL Correspondent AT ANY other given time, most Malaysians would be rah-rah about Petronas's awesome profit for its year ended March 31. At RM43.6
      813 words
    • Article
      Lock icon KFC M'sia set to name new heads
      339 17 [KUALA LUMPUR] KFC Holdings (Malaysia) Bhd (KFCH) is expected to name its new chairman and managing director on Monday now that the protracted boardroom battles in its board and that of parent company QSR Brands Bhd have ended, Malaysia's Business Times reported on
      339 words
    • Article, Illustration
      Lock icon Perodua leans on Daihatsu partnership to upstage Proton
      281 17 AP [RAWANG] Only 13 years in the business, Malaysian compact car maker Perodua is proof that a shortcut to success is possible. Long considered a poor sibling to domestic rival Proton, Perodua has upstaged its big brother with a simple formula: it
      AP  -  281 words
    • Article
      Lock icon Bank Negara M'sia extends deadline for banking groups
      229 17 [KUALA LUMPUR J Bank Negara Malaysia has extended until December 31 2006 the deadline for merchant banks, stockbroking firms and discount houses within banking groups to transform into investment banks, Malaysia's Business Times reported on Saturday. The earlier deadline was June 30.
      229 words
    • Article
      Lock icon Bridge builder seeks RM36Om compensation
      258 17 KL disputes demand, will probe Gerbang's expenses AP [KUALA LUMPUR] A Malaysian construction contractor tasked with building a new bridge to Singapore is seeking RM36O million (Ssl 55 million) in compensation from the government after the project was scrapped, a minister said yesterday. However, the
      AP  -  258 words
    • Article
      Lock icon M'sian A-G backs jury trials
      262 17 AP [KUALA LUMPUR] Malaysia's attorney general has proposed restoring jury trials and preliminary inquiries, arguing that they are a better way to dispense justice, a news report said on Saturday. Abdul Gani Patail said public participation on juries better upholds the principle of justice that
      AP  -  262 words
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      117 17 GET A TOP-DOWN DYNAMIC VIEW OF SsgBII Pre-configured tables and joins within your databases eradicate the 11 j YOUR ENTIRE ENTERPRISE ggflHH need to understand sophisticated database structures to create 11 I Ik powerful reporting and presentations. i f W\ f I data. VISION'S analytic functions of Drill Down/ Up,
      117 words
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  • GREATER CHINA
    • Article
      Lock icon China may shift state cash to commercial banks
      330 18 Move part of trial efforts to improve returns on growing state coffers Reuters [BEIJING] China may begin shifting money from treasury coffers to commercial bank savings accounts as early as this week in trial efforts to improve returns on ballooning state cash,
      Reuters  -  330 words
    • Article
      Lock icon Citigroup chief hopeful of approval for Guangdong bid
      373 18 Bloomberg [NEW YORK] Citigroup Inc chief executive Charles Prince said the biggest US financial services company still may win approval to acquire a stake in China's Guangdong Development Bank (GDB). "We're still very hopeful for the possibility of a transaction involving GDB,"
      Bloomberg  -  373 words
    • Article
      Lock icon CNOOC plans to list in China, says report
      197 18 AP [SHANGHAI] CNOOC Ltd, China's largest offshore oil producer, plans to issue shares on a mainland stock exchange, a state-run newspaper reported on Friday, citing the company's chairman. "We have such a plan now," the China Securities Journal quoted chairman Fu Chengyu
      AP  -  197 words
    • Article
      Lock icon 165b yuan to be spent on 12 rural projects
      227 18 Bloomberg [BEIJING] China is pouring 165.4 billion yuan (5532.7 billion) into 12 state-backed projects that are under way in underdeveloped rural areas as it strives to balance regional growth. The projects, ranging from railway to power, were made public by the
      Bloomberg  -  227 words
    • Article, Illustration
      Lock icon Iconic Peace Hotel to get US$50m facelift
      402 18 Owners aim to return ageing Shanghai landmark to ranks of world's best [SHANGHAI] Even a grande dame needs a facelift when a younger rival moves in down the street. The venerable Peace Hotel, an icon of glamorous 1930s Shanghai, is preparing for a
      REUTERS  -  402 words
  • Page 18 Advertisements
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      309 18 I IHAV A• ..I wKhA I J m s teiPl lAusMo H T yffeVM Specialist on Matters of: lOW Hsk w» 1 I Business Sales 4fcf)*V(() < 4~Net 1 I I Commercial Sales/Lease I J® 3 ES INDIVIDUAL APPOINTMENT kf 0 6 Y VC OP T" Please call 6338 0066
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      Lock icon Page 18 Advertisements Column 2
      61 18 w Surpassing the C^OPER S vet y fr es t ofNZ S LKhihK r Sauvignon (Blancs h^v 90 Points, Smart Buy Highest rated wine in the New Zealand/Australian fIH category March 2006 Wine Spectator Blue GoldIwK Sydney International Wine Competition 2006 Gold Air NZ Wine Awards 2005 Gold Wines for
      61 words
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      65 18 fresh seafood by transforming them into extravagant dishes. Often described as a mini banquet in itself the luxurious melting pot of Mini Buddha Jumps over the Wall is yours to savour for only $35 (U.P $48 Must-try too is the unique and delicious double-boiled Ramose Milex honeydew $8* /person. Dinner
      65 words
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      25 18 Have to say "sorry?" Pf Make it official. Call 1800 289 8822 or email notices@sph.com.sg to book your apology notice in our newspapers now. NOTICES
      25 words
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  • INDIA
    • Article, Illustration
      Lock icon Mittal plans to expand operations in China, India
      492 19 Says group will gain from China's consolidation of its huge steel industry. Reuters [LONDON] Mittal Steel, the world's No 1 steel company which agreed a 25.6 billion euro (5551.9 billion) deal to acquire rival Arcelor, has its sights set on acquisitions in
      Reuters; BLOOMBERG  -  492 words
    • Article, Illustration
      Lock icon PM frees fanners in suicide belt from interest debt woes
      412 19 AFP [NEW DELHI] India's Prime Minister Manmohan Singh last Saturday announced a 37.5 billion rupee (S$ 1.3 billion) relief package to aid farmers in the country's main cotton belt where crippling debts and falling prices have led to thousands of
      AFP  -  412 words
    • Article
      Lock icon Infosys eyes acquisitions, margins gain from weak rupee
      218 19 Reuters [BANGALORE] Infosys Technologies is eyeing acquisitions of companies with annual revenue of US$lOO-200 million and its margins may benefit from recent rupee weakness, its chief financial officer said last Friday. "Our acquisition strategy is to look for companies which can come
      Reuters  -  218 words
    • Article
      Lock icon Global, Indian issues not equal: central bank
      530 19 Reuters [MUMBAI] India's central bank governor sees no one-to-one link between global developments and Indian interest rates and said it is still possible to contain inflation in the central bank's 5-5.5 per cent range. "There is no question of one-to-one correspondence but together
      Reuters  -  530 words
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      1915 19 ADVANCED SYSTEMS AUTOMATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0740 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held at 1 Raffles Boulevard, Suntec City Convention Hall, Singapore *****3, Meeting Room 202, Level 2 on 19 July
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon WTO talks – S'pore urges leadership
      626 20  - WTO talks S'pore urges leadership Geneva meeting gives mandate to WTO chief to find convergence By RAVI KANTH in Geneva SINGAPORE said last Saturday that it was "disappointed" with the failure among members of the World Trade Organization (WTO) to reach an agreement to finalise the parameters that would require
      626 words
    • Article
      Lock icon Nissan, Renault may buy into GM
      432 20 AP, Reuters [TOKYO] Automakers Nissan Motor Co and Renault are considering buying up to 20 per cent of outstanding shares in General Motors, Kyodo News agency reported on Saturday. Details of the possible investment plan surfaced after billionaire investor Kirk Kerkorian proposed on Friday
      AP,; Reuters  -  432 words
    • Article, Illustration
      Lock icon Feds want US$183m in Enron chiefs' assets
      417 20 Prosecutors argue that assets were acquired by fraud LATWP [NEW YORK] Federal prosecutors asked a judge Friday to order Enron leaders Jeffrey Skilling and Kenneth Lay to turn over US$lB2.B million, saying their homes and other assets were acquired by fraud. A Houston
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      1214 20 (INCORPORATED IN MALAYSIA) (COMPANY NO. 5303-W) AND ITS SUBSIDIARY COMPANIES ■pjg g ank The Group Th® capital adequacy ratios of the Bank and of the Group are as follows: 2005 2004 2005 2004 Th>B Th* Group RM' 000 RM' 000 RIT 000 RM'OOO 2005 2004 2005 2004 Restated Restated RM'OOO
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      424 20 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF UNICHAIN TRADING PTE LTD CO. REG. NO. *****5313W (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap.so, that a Final General Meeting
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  • WORLD
    • Article
      Lock icon Mixed ruling in France on suit against Morgan Stanley
      499 21 It harmed LVMH during attempt to take over Gucci, but analyst exonerated NYT [LONDON] A French appeals court last Friday upheld a ruling that Morgan Stanley harmed LVMH Moet Hennessy Louis Vuitton while it was trying to take over the rival
      NYT  -  499 words
    • Article
      Lock icon Bordeaux wine futures soar as the rich drink up
      424 21 AFP [BORDEAUX, France] 2005 is going down as a remarkable year as Bordeaux wines command some of the highest ever prices for wine futures, with the record going to a Saint Emilion at 500 euros (S$l,011) per bottle. The retail price
      AFP  -  424 words
    • Article, Illustration
      Lock icon 'Pirates' to haul in Disney booty
      328 21 Reuters [LOS ANGELES] Wall Street expects Pirates of the Caribbean: Dead Man's Chest to haul in plenty of box office booty for the Walt Disney Co, performing at least as well as the US$654 million worldwide treasure for the first Pirates film. Dead Man's
      Reuters; REUTERS  -  328 words
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      Lock icon STOCKS ASIA
      28 21 Transaction date: Jun 30 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 Source: Reuters
      28 words
    • Article
      Lock icon Blackstone buys Cendant travel unit for US$4.3b
      448 21 NYT [NEW YORK] The Cendant Corp will sell its Travelport unit, which owns Orbitz, Cheaptickets and other travel services, to the Blackstone Group for US$4.3 billion in cash. The deal, which is expected to close in August, was not unexpected. Last fall, Cendant,
      NYT  -  448 words
    • Article
      Lock icon Spread-betting: the volatile game explained
      532 21 The business is growing fast with the help of the Internet IHT [LONDON] In the dying seconds of extra time, Francesco Totti bangs a penalty kick into the Australian goal, driving Italy into the World Cup football quarter-finals in Germany and sending Australia home. In
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  • AVIATION
    • Article, Illustration
      Lock icon Emirates tackles problems of bigger network
      715 22  -  It has to assimilate a new A380 jet into its fleet each month for the next 8 years By DONALD URQUHART [SINGAPORE] A shortage of aircraft and constraints on its ability to assimilate new planes into its fast growing network are among the hurdles
      715 words
    • Article
      Lock icon No plans to cancel Airbus A380 order, says Virgin Atlantic
      445 22 Bloomberg UK billionaire Richard Branson said Virgin Atlantic Airways Ltd does not plan to cancel an order valued at as much as US$3 billion for Airbus's SAS A3BO aircraft, whose delivery has been postponed by production snags. "It's obviously disappointing,
      Bloomberg  -  445 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      385 22 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
    • Article
      Lock icon Boeing pays US$615m to end probes
      357 22 AFP [WASHINGTON] Boeing Co last Friday finalised an agreement to pay US$6l5 million to end three years of US investigations into highprofile contracting scandals at the aerospace giant, officials said. The agreement calls for a US$565 million civil settlement and a US$5O million monetary
      AFP  -  357 words
    • Article
      Lock icon China to hike fines for in-flight cellphone use
      192 22 AP [BEIJING] China's aviation regulator plans to quadruple fines for airline passengers who use mobile phones during flights due to concerns that the calls are threatening flight safety, state media said on Thursday. Fines for in-flight cellphone use will be raised to
      AP  -  192 words
    • Article
      Lock icon Airport privatisation a feeding frenzy
      294 22 Bernama [KUALA LUMPUR] Competition is set to overheat in the l airport privatisation market as investors holding an estimated US$5O billion in funds pursue aviation infrastructure assets in Europe, the Middle East and Asia. According to the Centre for Asia Pacific Aviation's executive chairman Peter
      Bernama  -  294 words
  • Page 22 Miscellaneous
    • Miscellaneous
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      197 22 CRYPTIC CROSSWORD crazy animation, ordinary (8) -JHL—J DOWN 2 Clerk is becoming more 14 p po t is repeatedly accepting YESTERDAY'S SOLUTION smooth-tongued (7) credjt during (4 6) Across: 6 wheeler-dealer 8 Stater 3To leave the country (4) 17 Trap everybody covering ev- 9 Seawards 10 Ida 11 Bleach 12
      197 words
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  • SHIPPING
    • Article
      Lock icon Manila coast guard takes over salvage
      658 23  -  It is frustrated by slow pace of removal of sunken barge, toxic cargo By ALEC ALMAZAN in Manila FRUSTRATED by the slow pace of removal of the sunken chemical barge Billy Star and its cargo of 1,270 tons of highly toxic sulphuric acid, the
      658 words
    • Article
      Lock icon US shipbuilders mull virtual yard concept
      423 23 Reuters [NEW YORK] US shipbuilders are looking into meeting growing demand for dou-ble-hulled oil tankers by creating a virtual shipyard, where different parts are built in various yards across the country, the chief executive of Bollinger Shipyard said Friday. Chairman and CEO Donald Bollinger
      Reuters  -  423 words
    • Article
      Lock icon DP World to inject up to US$3b into terminals
      287 23 Bloomberg [DUBAI] DP World, the world's third-biggest container port operator, will spend up to US$3 billion expanding terminals as part of a plan to grow the volume of cargo it handles by 40 per cent in the next four years. "We
      Bloomberg  -  287 words
    • Article, Illustration
      Lock icon Rotterdam port draws 6 bids for new terminal
      274 23 Bloomberg [ROTTERDAM] The Rotterdam Port, the world's sec-ond-largest, received six bids from companies and groups that want to run a container terminal at North Sea Maasvlakte 2, a planned extension to the port. The port is analysing the offers and will discuss
      Bloomberg  -  274 words
    • Article
      Lock icon 2 vessels collide in S'pore waters
      216 23 [SINGAPORE] Two vessels collided off Singapore on Thursday night with no injuries or pollution reported. The Maritime Port Authority (MPA) of Singapore said the Greek-registered VLCC (very large crude carrier) Astro Luna and a Panama-registered container vessel YMEarth collided in Singapore waters, about 2.4
      216 words
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      184 23 A small but wmU-*stabliih*d freight forwarder rtquirts an B To oversee the setting up of a freight consolidation unit that will cover worldwide destinations. You will be expected to recommend and implement policies 9 ■P procedures relating to the overall establishment of the unit including freight costing and tariff formation.
      184 words
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      499 23 The Enterprise 50 award programme, established by Accenture and The Business Times in 1995, recognises the contributions that local, privately m held companies have made in economic jfP 5 development at home and abroad. Enterprise 50 1 is jointly supported by the Singapore Economic financial year must fall within the
      499 words
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  • Article
    Lock icon SINGAPORE STOCKS
    12165 24 STRAITS TIMES INDEX STOCKS Stock name Wt dose Change Stock name Wt dot* Chang* Stock nam* Wt Oom Chang* Allgreen 50c 0.29 1.260 +0.030 Hyflux5c 0.37 2.360 STEngglOc 1.83 2.890 +0.010 Ascendasreit 0.98 1 920 +0.050 JMHUS25c400 3.17 17.600 +0.100 STATSChP25c 0JS 0.995 +0.035 BIL Intl US20c 0.41
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  • Article
    Lock icon FINANCE & COMMODITIES
    3325 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES heal on to SS In UM dy y» dy y» dy Syr «u"» >od«« Chjnqt P»nq« Ofoq* Chmg« Oxng* Ch«ng« Wcrt»lnflnlM«niM>y SP.7 03 13 ft? -at U 5.0 l IMl Pn.fcijiyi| Mi 9 U JO 26 M M M EunxeP-efmnaij ***** 14 11
    3,325 words
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      1171 26 UK CONTINENT SERVICE U.S.* SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NCX LOK PRATAP RDM/ATW/BMN/TLB/NAN YOU YA VCW/lAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E7S.E.A. SERVICE Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia,
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      614 26 pr\ DONGNAMA LINE COWIIMIMMIifII fWFfffl rasa (mrf su*) vot we KOUHJUUMJNI HMIMI 09/07 11/17 KOUHASR HAS 427 14/07 M/ 07 KOUHAKU H1A460 M/ 07 27/07 VESB. (EVERT SUN) VOT SGP MG TIT TDK KOK MOl FORTUNE M 174 09/07 13/17 17/07 11/07 20/07 boiguny 491/s H/07 20/07 24/07 25/17 27/07
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      731 26 llNffKAtlA KOKO SiItVKE vßsa/vor mrgr) mamm to kh lo sm jkt STIAITSVWIUKIZ/D4 IS 3.2 04/07 W/07 13/07 16/07 11/07 STOUTS VBnUKI3/M IS 34 M/ 07 23/07 27/07 30/07 01/01 STOUTS VBHUtt 14/0* 1 IS 3.2 04/ M 04/00 10/01 13/00 IS/W laustkauaw roup stimq" 1 VBSa/VOT I lAMPQCT) I HBGHTf)|
      731 words
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      1373 27 WAN HAI INIBtNATIONAL PTE LTD at Me n T1L*****588 (14UICS) FAX:*****163 V \M WAN HAI lINFS S^vic/BooktagsDMUm-(1800)*****200 V V ¥fMil 11MI LlllLJ HQ.18:(03)3346ttttHUt(01)*****255HN18:(04)*****00FAX:(04)*****99 JOHUL (07)*****23 MX: (07J*****21 SUR HL (031) 31*5475 ML 1031) 37*2714/ *****05 *T IB: (021) ***** M HUt (021)*****MfUim: 71U00/*****1 F*Jt 71U7* "ww.wnwi.tw.ij >1H: 1061) 4157W3HUL1061) *****25/*****09
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      1150 27 |Tjn EASTERN CAR LINER, LTD \j I SPECIALIZE IN RORO t HEAVY UFT UPTO 450 TOHS~| WTIA-ASIA StIVKI VQY UWi SHI PGU PKLCW) P«UW) FMN I JKT I ICI 1 Mil* SUt KH ITU tsmauEitMu vrT to 04/07 06/07 w/07 12/07 [UNA AZUL ~10~ 3S 80 "WST 08/07 11/07 13/07
      1,150 words
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      846 27 m s<32s& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOY SIN PJOANG COLOMBO 11. SHIVA COLOMBO inmtrnm YPHO "iun a""* MM dliiu am a a HAJIV GANDHI 0105W 25 JUL 26 JUL 30 JUL 2» JUW 02 JUL rat MAHVIA ALSO ACCPIMGIUTKOMN (IS/7/0*)
      846 words
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      927 28 raNordana (Asia) Pte Ltd ggggSSg 70 Sheetee Way, #21-03 Mariea Hoese Shpwi 079 US NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES WE AKKtVAL DATES IVKSa VOY Sioowore I Fr—H* I Ckm hW Clmlil—i ItM I Pwk ftrf— I btandbargs I MQi I 11M 03 id
      927 words
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      Lock icon Page 28 Advertisements Column 2
      786 28 Sfc— fcrtUUMk T7S3H ***** SS7H tUVKtU WSI ***** TT757 Ktmßi T75Ji 5T757 5T787 titfiSi f3sf TW T1757 ICMMI jwg 61/57 H/57 j MfttW Wi» B/07 H/57 1 "RKIHT T0535 R757 ***** ffiftm M 706 T?M IjIJBJ ia|lll jjjjj jjgrgg ffS 8/04 17/07 1 "j IBfai iftL. o|/07 OT/oT* j I
      786 words
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      Lock icon Page 28 Advertisements Column 3
      444 28 CONVENTIONAL SERVICE COLOMBO, MAl£ LOADING 11 JULY DAMMAM, BANDAR ABBAS LOADING 13 JULY Heavy lift upto 200 lons rj^-jTwYIiAV^V^BOuTI I( SMQ 197* I OWNS OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: B IKAOHSIUNG A
      444 words
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  • BizIT
    • Article, Illustration
      Lock icon e-Govt plan drives IT spending
      974 30  -  S'pore public sector spending will hit US$812m at end of the year, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE push for e-govern-ment with initiatives like the iGov2olo masterplan and the pressure to build an ICT (information communication Technology (ICT) savvy nation are driving growth
      Source: IDC  -  974 words
    • Article
      Lock icon Local IT firms provide consulting, integration
      322 30 A MAJOR objective of the government's recent $2 billion iGov2olo masterplan has been to export new "made in Singapore" egovernment solutions. In this context, IDC Asia Pacific's VP for business development, verticals, Victor Lim said he did not think local Singaporean IT companies have
      322 words
    • Article
      Lock icon Microsoft ties up with S'pore firms for messaging products
      380 30  -  By ROLAND LIM HOT on the heels of introducing tighter integration of voice services into its new suite of messaging products, Microsoft has also announced partnerships with key local IT solutions providers who are able to provide telephony solutions, to roll
      380 words
    • Article, Illustration
      Lock icon eBay revamps S'pore site to draw users
      539 31  -  Better online storefronts, tracking features introduced By WINSTON CHAI WITH thousands of Singaporeans already making a living off eßay, the trading portal has introduced a host of new features to lure even more users onto the online trading platform. According to a recent
      539 words
    • Article, Illustration
      Lock icon Revel in the lap of luxury with a leather-finish laptop
      850 31  -  <cool stuff> By LEE KIM SIANG ASUS'S latest entry into the laptop market, the S6F, is certainly plush in more ways than one. The S6F is the first laptop to feature a genuine leather finish on its exterior panel as
      850 words
    • <what's up>
      • Article
        Lock icon Untitled
        69 31 THE Symposium on Security for Asia Network (SyScan'06) will be staged at Swisshotel Merchant Court from July 18 to 21. Unlike other security conferences, the organisers claim the event is product and vendor agnostic. It will feature presentations from a number of experts in the security field including Paul Craig,
        69 words
      • Article
        Lock icon Untitled
        85 31 SINGAPORE'S online gaming subscription revenue grew 30 per cent to total US$1.2 million in 2005, according to the latest study by research firm IDC. In the entire Asia-Pacific region, excluding Japan, the online gaming revenue base stood at US$ 1.39 billion last year and the number is set to grow
        85 words
      • Article
        Lock icon Symbol names new sales director for South Asia
        65 31 MOBILE solutions provider Symbol Technologies has appointed Gerard Baglieri as its new sales director for South Asia. Based in Singapore, Mr Baglieri will oversee the firm's sales operations and partner network in the region. He was transferred from Symbol's New York headquarters.
        65 words
      • Article
        Lock icon S'pore shines at US robotics competition
        74 31  -  Compiled by WINSTON CHAI A TEAM of seven students from CHIJ Toa Pay oh and Temasek Secondary School has beaten 250 others to emerge victorious at the First Vex Challenge which was held recently in Atlanta, Georgia. Over 500 students from around the world
        74 words
    • <what's new>
      • Article
        Lock icon Altiris updates system deployment software
        100 31 ALTIRIS has launched Deployment Solution 6.5 SPI, the latest version of its software package to help IT administrators manage and deploy client and server computers. The product boasts enhanced usability and reliability by incorporating best-of-breed imaging, migration and deployment technologies. The Altiris Deployment Solution software
        100 words
      • Article
        Lock icon Ml launches new mobile phone auction site
        92 31 Ml has introduced a new mobile auction site which allows customers to bid for the latest handsets and accessories from as low as $1. The new service is offered through its MiWorld mobile portal. To bid for the phones on show, users will
        92 words
      • Article, Illustration
        Lock icon BenQ launches widescreen AMD notebook
        86 31 TAIWANESE computer maker, BenQ, has unveiled the Joybook P4l, a new 14-inch widescreen laptop promising enhanced multitasking capabilities and security features. It is powered by AMD's latest Turion 64 dual core processor and sports an ATI Radeon Xpress 1100 graphics chipset for better video performance.
        86 words
      • Article, Illustration
        Lock icon 02 means business with new smart phone
        134 31 02 has launched the Xda Atom Exec, its latest PDA phone to be running on Microsoft's Windows 5.0 operating system. The compact device, which weighs 140 grams, features a more powerful Intel XScale 520 MHz processor with 192M8 of expandable memory, allowing users
        134 words
      • Article, Illustration
        Lock icon Star Hub brings in i-mode version of Nokia N7O
        92 31  -  Compiled by WINSTON CHAI STARHUB has launched the i-mode version of Nokia's popular N7O 3G handset. The new phone incorporates a dedicated button for access to Star Hub's i-mode services like Internet surfing and mobile banking. Like the earlier version that
        92 words
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  • Page 31 Advertisements
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      1087 31 3 China Essence Group Ltd. (Incorporated in the Cayman Islands on 15 August 2005 as an axamptad company with limitad liability) (Ragistarad No. CT-*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Inland Revenue Room of
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  • BizIT FOCUS: SINGAPORE in 2015
    • Article, Illustration
      Lock icon Masterplan to transform infocomm
      1028 32  -  The government is bent on raising the bar for the sector higher, writes ROLAND LIM, boosting both local and multinational enterprises ROLAND LIM, WITH a thriving infocomm sector to show for the success of Singapore's careful planning of the sector for the last 25 years, the
      FILE PHOTO  -  1,028 words
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      Lock icon Moving up the value chain
      266 32 "DESPITE achieving a positive growth in our infocomm revenue in 2005, we realised that Singapore's infocomm industry risks being overtaken by other highgrowth countries in the region, such as China and India," noted Chan Yeng Kit, chief executive of the Infocomm Development Authority of Singapore
      Source: IDA  -  266 words
    • Article, Illustration
      Lock icon IT does matter: Info-tech plays a pivotal role in Singapore's future
      937 32  -  1N2015 will add 80,000 jobs, treble rise in infocomm export revenue By WINSTON CHAI IN 2003, consultant Nicholas Carr sparked a wave of controversy in the IT industry with his article in the Harvard Business Review. Called "IT Doesn't
      FILE PHOTO  -  937 words
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      29 32 This iN2015 series is brought to you by: *m siNQApoRB in conjunction celebrating IIIA WBBW With YEARS OF 1 I ML\ WSSBSS INFOCOMM Singapore infocomm SINGAPORE computer society TechnologyF#d#rat»on
      29 words