The Business Times, 4 July 2006
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2006-07-04
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The Business Times
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Title Section17 2006-07-04 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Tuesday, July 4,200617 words
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Article, Illustration713 2006-07-04 1 KALPANA RASHIWALA - But lower-end lags luxury segment as upgrading ability is clipped By KALPANA RASHIWALA [SINGAPORE] The latest official flash estimates show the housing market continued to recover in the second quarter of this year, with bigger price increases posted for private homes and HousingSource: URA, KOB - 713 words
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55 2006-07-04 1 [SINGAPORE] The Ministry of Trade and Industry said yesterday it will release the advance GDP estimates for the second quarter of 2006 on Monday, July 10, at Bam on the MTI home page (http j,'/www. mti.gov. sg). the Department of Statistics home page (http://www.singstat.gov.sg)55 words
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Article, Illustration930 2006-07-04 1 CONRAD RAJ - By CONRAD RAJ [SINGAPORE] Investors here, including Muslims, may soon be able to buy or sell ownership of part of the revenue of a company through an exchange planned by a newly set-up Singapore firm called Sinipco Pte Ltd.FILE PHOTO - 930 words
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Article131 2006-07-04 1 sn 2>43&26 (+2.87) ST INDEX FUTURES 2,442.00 (+1.00) SIMSO 290.86 (+0.08) SIMSa FUTURES 291.90 (+0.40) MARKETS Monday Change KISECOMP ***** +4.45 NIKKEI 225 15.571.62 +*6-44 HANG SENG 16.326.66 +59.04 SET INDEX 683.98 +5J5 JAKARTA COMP 1,327.76 +17.49 MANILA COMP 2,194.84 +16.05 SEOUL COMP 1.294.61 -0.54 SHENZHEN 8 299.62131 words
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Advertisement119 2006-07-04 1 WORLD CUP 2006 Tailor-made HUM 8 *****1 *****4 ULYNC/NARDIN HP X i*4* Li Locli Suisse For Travel and Leisure Winner of the innovation piize 2003,2004 Self-winding movement with a unique timezone quick setting and permanent www.ULTSSE-NARDiN com HOMETIME DISPLAY. THE HOUR HAND MOVES TO A NEW TIMEZONE WITH EACH CLICK119 words
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Advertisement12 2006-07-04 1 HOCK LOCK SIEW UOB unlikely to pay special dividend PAGE 4 I12 words
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Advertisement15 2006-07-04 1 PROPERTY CBD rents set to rise by up to 10% in H2 PAGE 30 <4.15 words
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Advertisement7 2006-07-04 1 jT EMPOWERING SMEs mmm Getting financing to7 words
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TOP STORIES
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Article415 2006-07-04 2 Offer more for short-term holders: PacNet board DIRECTORS of Pacific Internet recommended yesterday that some shareholders accept Internet telephony service provider Mediaßing's offer of US$9.5O a share offer, raised from an initial US$B.25 that was rejected. TOP STORIES, PAGE 3 SGX futures and options volume hits record high415 words
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Article, Illustration859 2006-07-04 2 Inflation in home prices slowing in response to higher interest rates Bloomberg [NEW YORK] The biggest global housing boom in three decades may end not with a bang, but with an extended whimper that will keep the economy growing. Markets forBloomberg; REUTERS - 859 words
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637 2006-07-04 2 SAMUEL EE - By SAMUEL EE [SINGAPORE] Comfort Del will increase fares for the first time in eight years for its fleet of nearly 16,000 Singapore taxis, in response to surging fuel prices. From next Monday, the world's No 2 land transport company will raise the flagdown637 words
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Article, Illustration493 2006-07-04 3 ARTHUR SIM - 68% more sought to buy commercial property in the year before CPF changes By ARTHUR SIM [SINGAPORE] The Central Provident Fund Board's changes to schemes relating to property purchases may have little impact on the market, but some will lament lost opportunities for investmentFILE PHOTO - 493 words
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Article, Illustration423 2006-07-04 3 ROLAND LIM - Director says those with longer-term view should reject US$9.50 a share bid By ROLAND LIM [SINGAPORE] Directors of Pacific Internet (PacNet) recommended yesterday that some shareholders accept Internet telephony service provider MediaRing's offer of US$9.5O a share offer. The latest offer is raised fromFILE PHOTO - 423 words
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Advertisement252 2006-07-04 3 rr niine now- .<***■** Mr r-,y jr>ooqjunc««F>wfjh S^Hipr B H China's teacßng exhibition for the air cargo industry transport lOtllSllthinQ Shanghai New International Expo Centre m 0 The meeting point for logistics, telematics and transportation An international gathering of decision-makers from A platform to find new business partners and the252 words
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Advertisement77 2006-07-04 3 back toWb, Nfcotas 0. Hayek, C6O of Mortfw Bwguifc, S0 challenged the company's master watchmakers and craftsmen to create its exact reproduction. He has furthermore decided to finance the restoration of a large part of Marie-Antoinette's domain, This could be called an expression of gratitude toward the most symbolic of77 words
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COMPANY NEWS
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405 2006-07-04 4 CONRAD TAN - June saw 3.9m contracts traded, mostly in Nikkei, Taiwan futures By CONRAD TAN A RECORD 3.9 million futures and options contracts were traded on the Singapore Exchange (SGX) in June, as the rollercoaster ride in regional stock markets spurred traders to use405 words
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Article787 2006-07-04 4 MATTHEW PHAN - HOCK LOCK SIEW By MATTHEW PHAN INVESTORS waiting on United Overseas Bank (UOB) for special dividends or share buybacks financed by the bank's excess capital should not hold their breath UOB is more likely to use the money to support performance of overseas operations than give787 words
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Article42 2006-07-04 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; v Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day42 words
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692 2006-07-04 5 SIOW LI SEN - 14 of 18 China IPOs show gains, 5 have doubled share price since issue By SIOW LI SEN SHARE offerings in Singapore by companies from China have defied the worst of the stock market's rollercoaster ride of the past weeks. Almost692 words
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439 2006-07-04 5 Reuters SINGAPORE-BASED semiconductor equipment maker Asti Holdings Ltd expects huge sales and earnings growth this year, thanks to a boost from two new acquisitions, and is on the prowl for more purchases in Asia. Asti, which is worth about Sslso millionReuters - 439 words
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240 2006-07-04 5 JAMIE LEE - By JAMIE LEE SC GLOBAL Developments has roped in a property veteran to help spearhead its drive into the China market. The developer of luxury residences announced yesterday that it has appointed Chua Yang Hong as its new head of China240 words
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Article, Illustration358 2006-07-04 5 MICHELLE QUAH - By MICHELLE QUAH HESHE Holdings' chief executive Eddie Chng will exercise the last of his share options in the company as part of his earlier-an-nounced plan to finance Heshe's purchase of a stake in troubled waste recycler Citiraya Industries. Heshe's board said358 words
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346 2006-07-04 5 VEN SREENIVASAN - By VEN SREENIVASAN BOUSTEAD Singapore's earnings this year will be boosted by new contracts worth some $25 million clinched by its waste-water treatment specialist Salcon PteLtd. The mainboard-listed engineering group yesterday announced that wholly owned Salcon had secured three international contracts totalling about346 words
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169 2006-07-04 5 Bloomberg [HONG KONG] PCCW Ltd's board of directors have agreed to further talks on the sale of its telecommunication assets, with a resolution hoped for by the end of the month, chairman Richard Li said yesterday. "All of the members of the board areBloomberg - 169 words
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Article, Illustration775 2006-07-04 6 Talks will ensure systems support cross-border trading: CEO Bloomberg [KUALA LUMPUR] Bursa Malaysia, operator of the country's stock exchange, isj considering forming trading links with rivals in thie 10-member Association of South-east Asian Nations to woo investors and increase transaction income. DiscussionsBloomberg; FILE PHOTO - 775 words
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COMPANY BRIEFS
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105 2006-07-04 6 THE signing of a debt restructuring agreement between Airocean and its creditor banks has been delayed. The agreement is one of the conditions that must be fulfilled before the completion of the subscription of 90.6 million new shares in Airocean by Janco Strategic Biz Pte Ltd,105 words
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Article54 2006-07-04 6 UOB-Kay Hian yesterday appointed Francis Lee Chin Yong, 52, as a non-executive director. In addition, he also succeeds Samuel Poon to serve on the company's audit committee. Meanwhile, the company's executive director Tang Wee Loke has resigned from its remuneration committee and is replaced by54 words
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100 2006-07-04 6 SL GLOBAL, a wholly-owned subsidiary of Sing Lun Holdings, has formed a joint venture with Ponie International Pte Ltd and three other investors to take over the business of marketing and trading of textiles and apparels of Ponie. The joint-venture company, SL100 words
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26 2006-07-04 6 MULTI-CON Systems yesterday said the High Court had on June 30 issued a winding-up order against its subsidiary Geocon Piling Engineering.26 words
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Article90 2006-07-04 6 Bloomberg SEMBCORP Logistics Ltd, a unit of Asia's biggest construction and civil engineering company, said it appointed Kenny Lieu as chief financial officer, replacing Maureen Leong. Mr Lieu's appointment took effect on July 1, SembCorp Logistics said in a statement to the Singapore Exchange. Mr Lieu,Bloomberg - 90 words
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Article61 2006-07-04 6 Reuters IVUUJ EASYCALL International said yesterday that it will resume trading in its shares as of 9am today. Easy Call halted share trading earlier yesterday after the firm's stock listed on the Australian Stock Exchange was suspended from trading because the company failed to reportReuters - 61 words
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Advertisement16 2006-07-04 4 a 1111*11 r U 11 JLi J If! IB I'lii 11 PJI IN Ikj ■II lit16 words
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Advertisement113 2006-07-04 5 v > <=> C& the opportunity to attend workshops led by some of business leaders in Asia. However, there are a limited number m the best global business minds and academics. And the of seats available. So, if you qualify register right away. And chance to interact and network with113 words
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Advertisement112 2006-07-04 6 LI ITII Im ■I I I IIII<JI 1 I »M I I I I I I IhA I I I I I I I I Ifl '■■Ilk I L PK> M Ik I J -JBhB |I |j |j|lk 1 n j j II I I I I II 111 H112 words
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Advertisement96 2006-07-04 7 H i v~• A.' •>*<•.^••>, v--.'9 fr ■;^Aj^-.- V m -m- fe* .1/ aL..:-.:, 11 1 jys Ik ..1 Br i*H Ik T Jjß v i ;.J9^H^^^^Hl.§ At I 4'' SsSi^' 1 •s•.' .^w?^ Intelligent Nation 2015 (iN2015) is a masterplan that harnesses the potential of infocomm in the coming96 words
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SINGAPORE MARKETS
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Article, Illustration499 2006-07-04 8 R SIVANITHY - STOCKS Indecisiveness over US interest rate outlook, Wall St holiday lead to dull session R SIVANITHY Senior Correspondent JUDGING by the way trading went yesterday, one might have thought there were lengthy World Cup matches televised on-Sunday night or early Monday morning, suchSource: Bloomberg - 499 words
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Article, Illustration465 2006-07-04 8 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights issues; OE: Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Jul 3 VALUE CLOSE BT OB/OS 510.00 +104.00 IT CADI -*****.00 -17.00 BT 10-day MA -*****.00 +51.00 All-SG465 words
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Article, Illustration846 2006-07-04 8 UMA SHANKARI - Compiled by UMA SHANKARI Keppei Land July 3 dose: $4.08 CMB-GK Research, July 3 Benefiting from tight office market: Tight demand for office space in Singapore continues to favour Keppel Land. The macro environment remains favourable with appreciating average gross rentals and fast narrowing office vacancy to theSource: Bloomberg - 846 words
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Article, Illustration469 2006-07-04 8 CURRENCIES AFP [TOKYO] The US dollar edged higher in Asian trade yesterday, recovering after a brief dip sparked by a survey showing an improvement in Japanese business confidence and capital spending plans, dealers said. The US dollar rose to 114.47 yen in Tokyo afternoonAFP; REUTERS - 469 words
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Advertisement353 2006-07-04 9 2«ißm& ■■BP :Kkk*fl^B -.1830 PPf 1.#% Is your IT system prepared for sudden surges in activity? i As the demands on your IT system increase, but the solid reliability from our experience in MHHHHHM your blood pressure needn't go up with it. You mainframe development. The PRIMEQUEST (^■lfc know it's353 words
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SINGAPORE NEWS
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620 2006-07-04 10 WEE LI-EN - Government does not have to sell back land at 1983 price, says High Court decision By WEE LI-EN A PROPERTY development company is appealing against a court decision that the government does not have to return some land for the price paid in620 words
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337 2006-07-04 10 JAMIE LEE - By JAMIE LEE THE Singapore Tourism Board has invited consultancy firms to tender for a feasibility study on the Meetings, Incentives, Conventions and Exhibitions (MICE) space here. Dubbing STB "the pied piper of the MICE business", Aloysius Arlando, assistant chief executive337 words
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177 2006-07-04 10 Prime Minister Lee Hsien Loong and Senior Minister Goh Chok Tong have sent their condolences to Mrs Kumiko Hashimoto on the death of her husband, former Japanese prime minister Ryutaro Hashimoto. Mr Goh said that he was "shocked and saddened" to177 words
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Article, Illustration285 2006-07-04 10 COMPANIES will be able to get advice on branding, business flnance and business continuity management from more established businesses and consultancies in a member-mentor-member programme that the Singapore Business Federation (SBF) will be introducing this year. A SBF spokesman said that the285 words
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Article, Illustration473 2006-07-04 10 DANIEL BUENAS - Overall increase projected at 3.9% in poll of 500 firms By DANIEL BUENAS SALARY increases this year are expected to be similar to those last year, and companies expect a "strong year ahead", according to a survey by Mercer Human Resource Consulting. TheFILE PHOTO - 473 words
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SMEspotlight
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Article, Illustration1069 2006-07-04 11 SIM PING KHUAN - MP3 Technology MD Raymond Chua has assembled a staff who are all under 30, reports SIM PING KHUAN SIM PING KHUAN RAYMOND Chua, the founder of MP3 Technology, is not fazed by competition or challenge, young as his company is. In fact, he has assembledYEN MENG JIIN - 1,069 words
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Article, Illustration1173 2006-07-04 12 NANDE KHIN - SMALL CAPS The company aims to enter India and Vietnam next, and possibly Japan and Korea after that, its CEO tells NANDE KHIN in an interview NANDE KHIN HAVING built up an extensive regional network of channel partners, coupled with a continued push towards higher-margin1,173 words
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203 2006-07-04 12 TEH HOOI LING - By TEH HOOI LING RELIEF that the raising of the US interest rates may finally be over, markets around the world perked up sharply last week. Many Singapore stocks, too, staged a strong rebound. As such, both the Straits Times203 words
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Advertisement217 2006-07-04 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, Thailand217 words
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Advertisement1146 2006-07-04 12 DEL MONTE PACIFIC LIMITED (Incorporated in the Brttiiii Virgin Islands with limited lability on 27 May 1989) NOTICE OF GENERAL MEETING NOTICE IS HEREBY GIVEN that a General Meeting of Del Monte Pacific Limited (the "Company") will be held on Wednesday, 26 July 2006 at 10.00 a.m. at M Hotel,1,146 words
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Advertisement23 2006-07-04 12 Joining forces? Announce the good news. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES23 words
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EMPOWERING SMEs
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Article, Illustration1281 2006-07-04 13 UMA SHANKARI - Other than borrowing money, they can get a suite of services from banks to facilitate the first step overseas, says UMA SHANKARI UMA SHANKARI SMALL and mediumsized enterprises (SMEs) in Singapore are acutely aware of the need to expand beyond Singapore due to theAFP - 1,281 words
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Advertisement199 2006-07-04 13 Ask Citigroup Commercial Banking Group (CBG) Readers cansubmit questions each week related to the editorial topic o* the week. The first 50 readers to send in their questions each week will receive a pair of Coffee Bean Tea Leaf, Brew of the Day voucher. E-mail your questions to cbgspore@citigroup.com. There199 words
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Advertisement209 2006-07-04 13 COMMERCIAL BANKING GROUP. TURNING VISION INTO REALITY. Join the growing number of organisations that have benefited from a partnership with Citigroup Commercial Banking Group. At Citigroup Commercial Banking Group we empower Singapore's Small and Medium Enterprises and emerging corporations, enabling them to take their businesses further. We help our customers209 words
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WORLD CUP 2006
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Article, Illustration777 2006-07-04 14 WALTON MORAIS - By WALTON MORAIS AS if the task in tonight's World Cup semi-final was not difficult enough, for Italy to win it would have to do something no country has managed to do in 71 ♦years of trying beat Germany in ;Dortmund. Ever since they beganREUTERS - 777 words
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Article, Illustration525 2006-07-04 14 Reuters [DUISBURG] Germany midfielder Torsten Frings was in the middle of a heated debate between German and Italian media yesterday over his role in a quarter-fi-nal punch-up which could lead to a World Cup ban for him. Frings was among those who were caughtReuters - 525 words
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407 2006-07-04 14 Reuters •JFRANKFURT] German ■sports goods firm Adidas is ahead of rivals as sponsor of successful nations at the ■semi-final stage of the soccer World Cup, giving a boost to sales prospects of replica shirts and other goods. adidasReuters - 407 words
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Advertisement317 2006-07-04 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. "We will see a fantastic "This317 words
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ECONOMY WATCH
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557 2006-07-04 15 ANTHONY ROWLEY - Inflation pressures could justify move as early as next week: analysts By ANTHONY ROWLEY in Tokyo SPECULATION that the Bank of Japan will raise short-term interest rates above zero for the first time in five years rose sharply yesterday after the central bank's557 words
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Article166 2006-07-04 15 Reuters [BEIJING] China has squeaked by Britain by the tiniest of margins to become the world's fourth largest economy, according to the World Bank's latest calculations. The World Bank said that by its official measure China produced U552.*****5 trillion in output in 2005. That wasReuters - 166 words
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Article, Illustration304 2006-07-04 15 Pound to have 3% daily trading band from mid-point Reuters [BEIJING] China yesterday said it would allow trading between the yuan and the British pound from Aug 1 on its foreign exchange market, in the latest step to reform the currency system. China is speedingReuters; AP - 304 words
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403 2006-07-04 15 Reuters [SEOUL] A veteran presidential aide with international experience is set to become South Korea's finance minister in a Cabinet reshuffle yesterday, according to local media reports, citing sources at the presidential office. Mr Kwon 0 Kyu, 54, has served as a policy secretaryReuters - 403 words
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Article, Illustration627 2006-07-04 15 Bloomberg [GENEVA] World Trade Organization (WTO) chief Pascal Lamy has two weeks to persuade the US, India, the European Union and Brazil to make concessions in global trade talks and rescue any chance of wrapping up an accord this year. A WTO meeting here aimedBloomberg; AP - 627 words
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Advertisement118 2006-07-04 15 Diners Club Card ro W M c« *****0980 I BHH Wort Jof Exclusive Privileges Treats Diners Club Lwww.Jiners.com.sg International ,1 ■fck^ nrirtfilfWM cjjjfc J^HQ£| __^£j|£^ __mrngmmrn mm _.MHMHMIM Rama Thai Sharksfin Restaurant 81-81 A Tanjong Pagar Road, Tel: 6222 6626 1-for-1 Bird's Nest (worth $30 per serving) Only when you118 words
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Advertisement94 2006-07-04 15 Dine on delightful English dishes fit for the queen. Traditional classics from a country steep in history includes mouth-watering braised oxtail in red wine served with potatoes and spring vegetables, fun bangers and mash (grilled sausages with baked beans, fried onions and mash potato), grilled juicy sole fillet accompanied by94 words
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MALAYSIA
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Article, Illustration453 2006-07-04 16 PAULINE NG - Planned float to value Russia's No 3 oil firm Rosneft at nearly US$80b By PAULINE NG in Kuala Lumpur MALAYSIAN oil giant Petronas is considering participating in a US$ll billion Russian IPO. Petronas president and chief executive Hassan Marican confirmed this yesterday following453 words
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499 2006-07-04 16 Move driven by hopes for more overseas investors Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, operator of the nation's stock exchange, may replace its benchmark Kuala Lumpur Composite Index (KLCI) with one that has fewer stocks in an effort to draw more overseas investors.Bloomberg - 499 words
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254 2006-07-04 16 Bernama [KUALA LUMPUR] The Securities Commission (SC) has publicly reprimanded Affin Merchant Bank Bhd for failing to discharge its responsibilities as a principal adviser and independent placement agent to a restructuring scheme proposed by Omega Holdings Bhd. In a statement issued here yesterday, theBernama - 254 words
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210 2006-07-04 16 Bloomberg [KUALA LUMPUR] BIMB Holdings Bhd shares had their biggest gain in five and a half years after Dubai Investment Group LLC offered to buy 40 per cent of the Malaysian company's banking unit for RM828.2 million (*****.4 million). BIMBBloomberg - 210 words
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GREATER CHINA/INDIA
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520 2006-07-04 17 Shanghai Composite up 1.5%, Shenzhen Composite up 1.6% Bloomberg [BElJlNG] China stocks rose to their highest close in more than two years yesterday as markets gained on expectations share trading will increase in a trial programme that will allow investors to sellBloomberg - 520 words
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Article, Illustration432 2006-07-04 17 Reuters [MUMBAI] Indian Prime Minister Manmohan Singh, the architect of India embracing a market economy, said he was not unambiguously wedded to economic reforms and there were some things he did not want India to learn from the West. At the same time,Reuters - 432 words
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138 2006-07-04 17 Reuters [NEW DELHI] Eurocopter, a unit of European aerospace firm EADS, will invest more than US$l billion in India over the next two years, the Business Standard reported yesterday. The French, German and Spanish helicopter maker has bid for more than 500 helicopter manufacturingReuters - 138 words
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376 2006-07-04 17 [SHANGHAI] Shanghai Automotive Industry Corporation (SAIC), China's biggest carmaker, plans to raise up to 10 billion yuan (SSI .98 billion) with an A-share listing this year, taking advantage of booming vehicle sales and rising domestic stock markets, according to a report in376 words
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Article, Illustration699 2006-07-04 17 NEWS ANALYSIS Reuters [SHANGHAI] Shares in Bank of China, in which Singapore investment company Temasek Holdings has a stake, could rise sharply when they list in Shanghai tomorrow, launching a process that may transform the market from a volatile casino into oneReuters; AFP - 699 words
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ASIA-PACIFIC/WORLD
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Article, Illustration752 2006-07-04 18 It will displace Abu Dhabi crude in Japan when exports begin in August Reuters (SINGAPORE] Russia's Sakhalin-1, the biggest new source of Pacific basin crude in over a decade, will redraw the oil trading map in Asia, displacing Abu Dhabi crude in Japan andReuters; BLOOMBERG - 752 words
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400 2006-07-04 18 LATEST US DATA Bloomberg [WASHINGTON] Construction spending in the US unexpectedly fell in May by the most since September 2004, as higher interest rates put the squeeze on homebuilders and corporate spending plans. The 0.4 per cent drop followed a revised 0.2 per cent decline inBloomberg - 400 words
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392 2006-07-04 18 Reuters [LONDON] Disgruntled investors in Lloyd's of London said they would launch a legal claim against the British government for over £1 billion (552.9 billion) in compensation yesterday. Around 1,100 investors known as Names are suing the government, claiming they made heavyReuters - 392 words
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Article, Illustration576 2006-07-04 18 AP [OMAHA, Nebraska] Investor Warren Buffett wowed the world last week with his plan to give away stock in his company worth nearly US$37 billion. Bill and Melinda Gates are already contemplating the diseases their foundation might cure withAP; AFP - 576 words
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WORLD WATCH
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74 2006-07-04 18 AFP [TOKYO] Nissan Motor Co's board of directors yesterday gave its approval for exploratory talks on a proposal for struggling US auto giant General Motors Corp to join its alliance with France's Renault. The decision comes after GM shareholder Kirk Kerkorian madeAFP - 74 words
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107 2006-07-04 18 Reuters [SYDNEY] Australian Finance Minister Nick Minchin said a retail share offering of the government's stake in Telstra Corp was looking "less likely" this year amid an impasse between the company and the competition regulator, The Australian Financial Review reported. InvestmentReuters - 107 words
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91 2006-07-04 18 Reuters [NEW YORK] Citigroup chairman and chief executive Charles Prince rejected the idea of breaking up the financial services giant, calling it "the dumbest idea I've ever heard of' in the latest edition of financial weekly Barron s. The paper said that shouldReuters - 91 words
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60 2006-07-04 18 Bloomberg [LONDON] Worldwide semiconductor sales rose 9.4 per cent in May from a year earlier, the Semiconductor Industry Association said. Sales climbed to U5519.75 billion from US$lB.O5 billion a year earlier. On a monthly basis, they increased 0.7 per cent from the AprilBloomberg - 60 words
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83 2006-07-04 18 AP [LONDON] BP expects production in the second quarter to fall by 2.5 per cent because of changes to Venezuelan law, and that it is taking an additional US$5OO million charge related to a refinery disaster in Texas. The company saidAP - 83 words
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76 2006-07-04 18 Reuters [SEOUL! Texas Instruments and Broadcom Corp have filed complaints that Qualcomm stifled competition in South Korea's modem chip market, an official of the Fair Trade Commission said yesterday. The commission has already been investigating Qualcomm after similar accusations from South Korean companies, the officialReuters - 76 words
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Advertisement38 2006-07-04 18 Wlnni of BKytrw mm Worid AJffino Anwwtte^ www.JetstarAsia.com Asia Call centre: 6822 2288 Or contact your nearest travel agent. tar Asia.com (A service fee of $10 per way is applicable for bookings through Call centre) Terms Conditions apply38 words
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Advertisement1788 2006-07-04 19 €0 NOTICFS Toll free: 1800-289-8822 Email; noticesvsph.com.sq NOTICE IS HEREBY GIVEN that the 9* Annual General Meeting ("AGM") of CSC Holdings Limited (the "Company") will be held at the Function Room. 2 Tuas South Avenue 2, Level 2, Singapore *****1 on Thursday, 20 July 2006 at 9:00 a.m. for the1,788 words
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Advertisement357 2006-07-04 19 BANKRUPTCY ACT (CHAPTER 20) BANKRUPTCY RULES IN THE HIGH COURT OF THE REPUBLIC OF SINfiAPORF ,ntt *matterofthe i Bankruptcy Act (Cap. 20) Of 2006/n And in the matter of CMfONC YONHOOKNRKNo. *****85JG) Between AMBANK CM) IfRMAD (formerly known as Am finance Bertiad and earlier known as MBF finance Berhad) (Malaysian357 words
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Advertisement201 2006-07-04 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DAILY EXPRESS DISTRIBUTION SHIPPING PTE LTD (RECEIVER APPOINTED) Co. Rag. No. *****2491Z NOTICE IS HEREBY GIVEN that the preferential creditor* of the abovenamed company are required on or before 17 July 2006 to submit in their201 words
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Advertisement193 2006-07-04 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CTP GRAPHICS PTE LTD (Company No: *****7816G) In Members' Voluntary Winding Up NOTICE OF PINAL MEETING NOTICE it hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Member*193 words
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Advertisement2432 2006-07-04 19 NOTICE OF ANNOAL GENEOAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (*A6M*) of Biosensors International Group, Ltd. (the 'Company') will be held at SGX Auditorium, 2 Shenton Way, 2nd Level, SGX Centre 1. Singapore *****4 on Wednesday, 26 July 2006 at 11.00 a.m. to transact the following2,432 words
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AVIATION
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Article, Illustration743 2006-07-04 20 It aims for record RM500m profit in 2008 by focusing on overseas flights Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd, the nation's biggest carrier, said it may surpass its RMSO million (Ss22 million) profit forecast next year byBloomberg; AP - 743 words
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311 2006-07-04 20 AFP [LONDON] British defence group BAE Systems yesterday said that net proceeds from the sale of its 20 per cent stake in Airbus to European Aeronautics Defence and Space Company (EADS) would total about 1.65 billion euros (553.34 billion). AnAFP - 311 words
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325 2006-07-04 20 AP AFP Bloomberg [HONG KONG] Hong Kong and mainland China signed an aviation agreement that adds 11 new routes and allows this city's biggest airline, Cathay Pacific Airways Ltd, to fly passengers to Shanghai, the government and airline said yesterday. The current pactAP; AFP; Bloomberg - 325 words
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155 2006-07-04 20 Bloomberg AFP [LONDON] Ryanair Holdings Pic, Europe's largest discount carrier, said it bought 10 more Boeing Co 737-800, valued at US$7OO million, to expand its route network across Europe. The aircraft will join Ryanair's fleet in March, April and June of 2008, theBloomberg; AFP - 155 words
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Article400 2006-07-04 20 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:400 words
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Page 20 Advertisements
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Advertisement146 2006-07-04 20 BT/ZUJI Deals of the Week j I BUSINESS (from S) ECONOMY (from HOTEL (from Pans $2,899 $850 $126 f Thai Airways KLM DCSTXAHOWS BUSINESS OASS (from S) ECONOMY OASS(tiomS) HOfafrorafl WWHEB Jakarta $585 Garuda $139 Garuda Indonesia $56 0 Sunny ta*«* $619 Thai Always SHgMtkmM SO 4fc U. Shanghai $1,250146 words
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Page 20 Miscellaneous
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Miscellaneous182 2006-07-04 20 CRYPTIC CROSSWORD DOWN roses (7 5) YESTERDAY'S SOLUTION 1 Plant one on one with six iq Modern twist in passing (12) Across: 1 Push the boat out, 9 noughts (7) Renouncer over Angora bet Wingspan, 10 Rhino, 12 Ankh, 13 2 The object of cheese throw- (9 Transition, 15 Rerouted,182 words
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SHIPPING
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642 2006-07-04 21 DAVID HUGHES - Challenge from shipping industry may define limits to the EU's powers over foreign-flag ships By DAVID HUGHES in London IN a flurry of legal activity last week, the European Commission (EC) started proceedings against several European Union member states for alleged non-implementation of two642 words
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Article, Illustration382 2006-07-04 21 GEORGE JOSEPH - By GEORGE JOSEPH [SINGAPORE] Japanese transportation giant Nippon Yusen Kabushiki Kaisha (NYK) is strengthening its ship management operations for its expanding fleet of liquefied natural gas (LNG) carriers as it moves closer to its goal of becoming the world'sFILE PHOTO - 382 words
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286 2006-07-04 21 AFP [SHANGHAI] The Chinese company that runs Shanghai's port is aiming to acquire operations in the United States, Europe and Asia despite the risk of a political backlash, the Financial Times reported yesterday. Government-owned Shanghai International Ports Group is eyeing interests globally in lineAFP - 286 words
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Article270 2006-07-04 21 MR W M3 ss w- w CHOffrfwre AM 0*1 J1» OunHup 0J3 inch 2011 Caaco Corporation.. .12t unch 2285 CWT Distribution 0.60 0.01 «6 EsaHMgs 0 04 SM FfwghtOnks 0.06 -0.01 2140 Grand tanks Yacht 092 unch 0 JayaHotdngi 135 0.01 20 Kf Venture AM unch 7M Kami270 words
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411 2006-07-04 21 It dips to 14.1% or 3 percentage points below Nov's 17.1% Reuters [COPENHAGEN] AP Moell-er-Maersk's container shipping line lost market share in trade to and from the US in April, data from the Port Import Export Reporting Service (PIERS) show. MaerskReuters - 411 words
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310 2006-07-04 21 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Companies which improve their supply chain security can reap competitive advantage as well as become safer, according to the Ministry of Transport (MOT), which is co-organising the first AsiaPacific Economic Cooperation (Apec) symposium on the security of supply chains.310 words
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Page 21 Advertisements
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Advertisement987 2006-07-04 21 DAYEN BMRONMENTAL LIMITED (Company Registration No. **********) (Incorporatx! in ttM RepubNc of Singapore on 23 Jnonbii 1906) DAYEN ENVIRONMENTAL LIMITED (THE "COMPANY") RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE (THE "WARRANTS ISSUE") OF 32,000,000 WARRANTS (THE "WARRANTS") AT AN ISSUE PRICE OF 550.02 FOR EACH WARRANT, EACH WARRANT CARRYING THE RIGHT TO SUBSCRIBE987 words
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EDITORIAL & OPINION
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496 2006-07-04 22 EDITORIAL FOR a country that desperately needs foreign investment. Indonesia has a habit of scaring away investors with some onerous regulations and laws. For example, investors have for some time now cited existing labour regulations which compel companies to compensate workers who resign on their496 words
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Article, Illustration738 2006-07-04 22 ANDREW FERGUSON - THE BOTTOM LINE ANDREW FERGUSON Bloomberg I HAD to go to a workshop last week, and as I always do when I attend one of these rituals of modern corporate life. I thought of the great and grumpy British novelist KingsleyBloomberg - 738 words
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Article, Illustration983 2006-07-04 22 LEON HADAR - Support for Republicans' nationalist agenda may translate into their victory in Nov elections LEON HADAR Washington Correspondent IT WAS only yesterday that American pundits were writing political obituaries for US President George W Bush and his Republican allies on Capitol Hill. With the anti-AmericanAFP - 983 words
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Article, Illustration962 2006-07-04 23 THOMAS FULLER - It s not likely that many of the men playing in Germany these days know who made the balls they're kicking around By THOMAS FULLER International Herald Tribune ON THE field and on the side lines, the World Cup is dominated by men. ButInternational Herald Tribune; AFP - 962 words
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90 2006-07-04 23 Denis Distant Singapore - Denis Distant Singapore I REFER to the report "High-stakes poker is coming to town" (BT, June 30) which is no surprise since casinos are also coming. Gambling on 4-D, Toto, local football matches, English and European football matches are already established and90 words
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264 2006-07-04 23 Ms Karen Tan - LETTERS TO THE EDITOR Ms Karen Tan Director Corporate Communications Division Ministry of Health IN "More healthcare subsidies needed" (BT, June 27), Mr Leong postulated that the poor had not benefited despite increased government subsidies. He built his case on his assumption that subsidies had264 words
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Article500 2006-07-04 23 Peter Douglas - Peter Douglas council member Alternative Investment Management Association Singapore and director Chartered Alternative Investment Analyst (CAIA) Association. WE read with interest your article "More rules for hedge funds: CFA members" (BT, Jun 26). Alternative Investment Management Association (AIMA) is the global industry body for the500 words
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Page 23 Advertisements
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Advertisement103 2006-07-04 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Advertisement1326 2006-07-04 23 V WILLAS-ARRAY"' WMas-Array Electronics (Holdings) Limited WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED (Incorporated Bermuda with limited liability) I NOTICE OF ANNUAL GENERAL MEETING i f NOHQ B HEKBY GMVB4 the Annual General Meeting of Willas-Array Electronic! (Holdings) Limited ("the Company') will be held on July 27, 2006 of 10.00 a.m. at Mertos1,326 words
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Article10536 2006-07-04 24 SGX MAIWBOARP 52-Wk Td Last Vol Day Lact Quote GrOtv Dtv GrVU MM MCap Wgli Law Code Company Sale *t- fSSS) Ugh low Sdtor Cw HI W 4 1 5716 1st Software 5c 2.5 2 3 10.1 15 6 3148 BTetecom US2c 7 unch 20 7 7 710,536 words
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Page 24 Advertisements
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Advertisement5 2006-07-04 24 Competitive financing rate* in mwfetls.5 words
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Article5958 2006-07-04 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES totoutcwr n U to IKS x r r V ton 10 WM p>«m» ciwm Omni Ctowp Otoii Ow|« 91/ J OS 19 0/ 01 1,1 SO I Mil Ptvtorvur) *»9 II IjO /i U 16 IS 117/6 14 J1 J 4 60 145,958 words
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Page 26 Advertisements
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Advertisement1928 2006-07-04 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL LOK PRATAP RDM/ATW/BMN/TLB/NAN YCXJ YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.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.1,928 words
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Advertisement755 2006-07-04 26 wXw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VIS«l VOT JUMP MBGWT SM IK MAO S*V »M OOF TAMESIS Af62o 3201 M MM 07/07 30/07 01/01 12/01 16/08 14/01 TAMPA AF42I 4201 mm MM IS/07 09/01 11/01 22/01 26/00 24/00 TAAACO AM 23 «>■ 6.4 M 07/00 30/00 00/09 12/09 16/09 14/09755 words
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Page 27 Advertisements
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Advertisement774 2006-07-04 27 WAN HAI INTERNATIONAL PTE LTD <* **********0/1 HAI LINES V v wm-mum mum* miMeiiiiwwwtroiicmimifcwinuieoMUMtoww X J0H1H;(07)25H923HUt(07)2511f21 SURIH: (031) 32V547S NULIO3I) *****14/ *****05 1 www.wanhoi.com.sg «iiH:mi)S2S4inna;mi)S2Mmna«:nuM/7iiMi Mi:7iun B IB: INI) 4157M3 NUb Ml) 41SW2S/4M210* WEEKLY EXPRESS SERVICE TO AND FROM CALUNG SINGAPORE EVERY THURSDAY CALLING PALEMBANG EVERY SUNDAY 9/u -fflrn W,774 words
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Advertisement1281 2006-07-04 27 [VESSEL VOY PKL I SIN I KARACHI I DXB I BAB I WHS MWM BIK IKHOB IRAN KOf DC STAN pa 4145 04/07 09/07 It/07 21/07 22/07 24/07 30/07 01/08 WAN BAABAfI pa 4143 04/07 14/07 23/07 26/07 27/07 03/08 05/0S 07/01 MAN SATTAKI Pa >147 14/07 19/07 24/07 31/071,281 words
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Advertisement895 2006-07-04 27 m asaow WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICO POINTS rasa. vot sw rxitm coiomo hswva {qummo HQWIAH MIDGf 00S3W 04 JUL OS JUL MJUI 1? JUI It JUL mm- ooi 07 jui gi i?jui itjm omit miArpwm MiUllL~fW ISW ~i?l~ fig HE SL a895 words
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THE BUSINESS TIMES SHIPPING TIMES
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PROPERTY
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Article569 2006-07-04 29 PAULINE NG - It is second UK mass clothing retailer after BHS to down shutters in M'sia By PAULINE NG in Kuala Lumpur LESS than three years after its opening, UK retailer Debenhams' only outlet in Kuala Lumpur will be closing down. Franchised to the Berjaya group,569 words
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426 2006-07-04 30 UMA SHANKARI - Lack of new office space supply in prime areas causes rents to go up Reports by UMA SHANKARI OFFICE rents, which are on a upward trend, show no sign of softening, says Knight Frank in a report on Singapore's426 words
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Article214 2006-07-04 30 VALUERS in Singapore have more opportunities open to them as cross-border investments increase and new business models such as real estate investment trusts (Reits) emerge, speakers at the opening ceremony of the Asean Valuers Congress said. Minister of State for Finance and Transport Lim Hwee214 words
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Page 29 Advertisements
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Advertisement146 2006-07-04 29 MiiUMH ERA Freehold ~lIM a Residential Site Area: 1,810.1 sqm (approx. 19,483.75 sqft) co-camy p| ot Rat j o; 2 .8 k. 1 Up to 36 storeys 1 W Near Somerset MRT I Station and amenities gkat world vV city )A Please contact! K. L. Teo (9108 *2345), Richie Chew146 words
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Advertisement151 2006-07-04 29 Quality Business Space @Tai Seng jgm M Modern 5-storey light industrial building Prominent location at junction of Airport Road Suitable for MNCs SMEs Ideal for production, warehousing office Large floor plates: 7,200 sq ft to 36,200 sq ft Easy access to PIE KPE Attractive rental available immediately 8100 0129/9237 7888151 words
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Advertisement260 2006-07-04 29 PRIME COMMERCIAL SPACE FOR SALE BY TENDER WAYFOONG BUILDING 248 24C Cheong Chin Nam Road 6 milestones Upp Bukit Tlmah Rd opposite Bt Timah Shopping Centre, r Next to Courts, Bt Timah Two floors of office space 3rd level 4th level im^ *To be sold on a separate tender basis260 words
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Page 30 Advertisements
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Advertisement390 2006-07-04 30 H^aSetfT^' Freehold I Land 2,769.5 sm (29,810 sf) si rpns) Potential GFA B,Ol2sm (86,240 sf) 'ys WV. J I (subject to confirmation) \|r *!!*Rd Walking distance to Somerset MRT Station hmwi| Unblocked view overlooking Emerald Hill °g£ff Conservation Area Place centre Potential for 91 x 900 sf apts or A/390 words
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