The Business Times, 6 July 2006

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Total Pages: 33
1 34 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAPOftEJ&fents online at http://busfness-times.asial.com.sg MICA (P) 099/03/2006 Thursday, July 6,2006
    13 words
  • 645 1  - Rare Chinese herb made in Singapore By CHEN HUIFEN [SINGAPORE] Homegrown Auric Pacific Nutritech (APN) has devised a way to culture micro-organisms for large-scale production and is using it to grow one of the rarest and most expensive Chinese medicinal products the cordyceps sinensis fungus. The patent-pending technology can cultivate
    ARTHUR LEE  -  645 words
  • 682 1  -  The assets, meant to be sold to Suntec Reit last year, could be worth $950m to $lb now By KALPANA RASHIWALA [SINGAPORE] City Developments Ltd (CDL) may have found a new buyer for the mixed bag of properties it failed to
    682 words
  • 134 1 STI 2424.11 (-24.62) ST INDEX FUTURES 2428.00 (-25.00) siMsa 288.92 (-3.54) SIMSa FUTURES 289.20 (-5.10) MARKETS Wednesday Change KtSECOMT 924J9 >0.90 NIKKEI 225 15,523.94 -114.56 HANG SENG 16.267.18 -101.80 SET INDEX 680.72 -13JO JAKARTA COMP 1,338.32 +0.45 MANILA COMP 2,262.34 +5.86 SEOUL COMP 1,279.85 -6.07 SHENZHEN B 289.25
    134 words
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  • TOP STORIES
    • 416 2 Bankruptcy orders down 20% in May THE number of bankruptcy orders made in May fell more than 20 per cent from a year earlier, and economists expect the downtrend in new bankruptcies to continue with Singapore's currently healthy economy. According to figures from the Ministry of Law, the
      416 words
    • 804 2  -  UN Security Council to meet in emergency session at Japan's request By ANTHONY ROWLEY in Tokyo NORTH Korea's launch of half a dozen missiles yesterday, including a long-range one said to be capable of reaching the United States*,irenewed se- curity concerns across the
      AP; REUTERS  -  804 words
    • 68 2 Singapore's Ministry of Foreign Affairs expressed deep regret at North Korea test-launching the missiles and urged Pyongyang to return to the six-party talks. "Singapore deeply regrets that North Korea has test-launched several missiles. This will have serious repercussions on regional peace and stability. Singapore urges Pyongyang
      68 words
    • 259 2 AFP, Reuters [WASHINGTON] Enron Corp founder Ken Lay, who* was convicted in May of fraud and conspiracy for his part in the Houstonbased company's collapse into bankruptcy in 2001, has died of a heart attack at his vacation home in Colorado, US media reported
      AFP,; Reuters  -  259 words
    • 621 3  -  The process of innovation is messy, and S'poreans don't like mess: RIEC member By CHEN HUIFEN [SINGAPORE] People have to change their mindset and accept that the output derived from research and development (R&D) efforts may not be equivalent to
      FILE PHOTO  -  621 words
    • 432 3  -  Number is down 20% from a year earlier; economists see downtrend continuing By DANIEL BUENAS [SINGAPORE] The number of bankruptcy orders made in May fell more than 20 per cent from a year earlier, and economists expect the downtrend in new bankruptcies to continue with
      432 words
    • 291 3 Bloomberg [BANGKOK] Shares of ITV Pel, a Thai television network controlled by Singapore's Temasek Holdings, posted their biggest gain in almost three years on speculation that changes in the government may help it win a court case. Shares rose 0.70 baht,
      Bloomberg  -  291 words
  • Page 2 Advertisements
    • 449 2 people No mountain high enough. www.thepeopleatworkcoin Am.i t'.u:iti< I «m iiliv<■ ;>>mk h v 1 1 -~,-t Financial Reporting Update Seminar 2005 was a year of many changes in financial reporting. Companies ■PfjHHft M that had to report under International Financial Reporting Standards Hp for the first time in 2005
      449 words

  • Page 3 Advertisements
    • 25 3 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. NOTICES f u
      25 words
    • 109 3 THE HOURGLASS Contemporary Horological Art y'fa sf/K f/r ORIGINAL DANIEL ROTH V i t- r N f 0 VV T r W f s G I® THE HOURGLASS SINGAPORE MALVtsU FHAI LAND k m!; 1 V V <>> oTM .'420 M'\i V \1H •> l-\NiiKOK !"\\.i A.'A ?> "I'LS >'
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  • COMPANY NEWS
    • 385 4  -  Explosives maker Dyno Nobel eyeing foothold in key Chinese market By WEE LI-EN DYNO Nobel, the world's second biggest explosives maker, is in talks to buy Singapore-listed Fabchem China in a bid to give the Australian firm a foothold in the Chinese market.
      385 words
    • 174 4 Reuters UNITED Food Holdings Ltd, which sells animal feed, processed meat and pork products in China, expects net profit for 2006 to rise by at least 5 per cent, reversing last year's 25 per cent slump. Revenue and profit for 2006 are expected to be
      Reuters  -  174 words
    • 654 4  -  HOCK LOCK SIEW By R SIVANITHY THE latest figures for the local structured warrants market paint an encouraging picture $6 billion done so far for the first six months, which is 47 per cent higher than 2005's corresponding period and a
      654 words
    • 5608 4 UNIT TRUSTS FUNDS ACMGI Amer Income B EUR 6.54/ ACMGI Europ Income Opp AT SGO 15.02/ ACMGI Euop Income Opp BT SGD 15.021 MN Anra Aa«t Mgt {S'pora) ACMGI Etxop Income Opp AT EUR 7.43/ Star Europe Eqlyl" 0341 ACMGI Europ Income Opp BT EUR 7.43/ SarEuropeBond 1.173/ ACMGI Europ
      5,608 words
    • 550 5  -  Reports by KRITI SINGH ELLIOTT Associates LP, a US private investment fund which owns 13.9 per cent of Nasdaq-listed Pacific Internet (PacNet), said yesterday that, in the absence of further information, it will be accepting Mediaßing's improved takeover offer of US$9.5O for each
      550 words
    • 347 5 OPTIMISM that MediaRing's revised offer to take over Nasdaq-listed Pacific Internet will succeed sent the share price of the voiceover Internet provider surging by up to 13.5. per cent yesterday. Mediaßing's shares hit a high of 42 cents yesterday, up five cents
      347 words
    • 388 5  -  By JEAN CHUA RIDING on market optimism that its patent infringement suit against Apple Computers could be settled soon, Creative Technology saw its shares rise as much as 6.4 per cent yesterday as the stock continued to rebound for the
      388 words
    • 517 5  -  Cambridge may relodge its preliminary prospectus By MATTHEW PHAN FRASER Neave's real estate investment trust, Frasers Centrepoint Trust (FCT), rose as much as 4.85 per cent yesterday on its trading debut. The rise came amid talk that the strong response from investors
      FILE PHOTO  -  517 words
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      35 words


  • STOCK FOCUS
    • 1362 6  -  Group says it's mindful of painful lessons from past expansion failures, writes WONG WEI KONG WONG WEI KONG Shareholders who kept faith with CK Tang, one of Singapore's oldest retailers, were finally rewarded when the company paid its first dividend after 12 long years.
      ARTHUR LEE  -  1,362 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 100 7 <3F) GREUBEL FORSEy Horlogers Inventeurs JM *>■• ?i p m 1 mlm w r 11 fljuM ■I s r^Hi m M^^SfwDk Kft Jfl| **rm j m*; afrif»ii*" a hWm* m mr "X HP* y^."-*^. V IplfVvV nnT' B' Hl"*»' >*■<«* Introducing the DOUBLE TOURBILLON 30° j A significant leap forward
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  • SINGAPORE MARKETS
    • 552 8  -  STOCKS After all, the ST Index had put on 4.1% in the four trading sessions before yesterday, and 7.4% in two weeks R SIVANITHY Senior Correspondent ON THE face of it, the 24.62-point drop in the Straits Times Index to 2,424.11 was because
      Source: Bloomberg  -  552 words
    • 1016 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 5 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 ShrS C000) ('000) Semb Music 5-Jul-06 Cheah See Han Sell 65 na 3612 6.74 3547 6.61 SNPCorp 4-Jul-06 SeowKuiLim *Sell
      1,016 words
    • Article, Illustration
      1003 8  -  Compiled by UMA SHANKARI STATS ChipPAC July 5 dose: SSI.OI ÜBS INVESTMENT RESEARCH, July 4 Outlook intact for Q2. We believe STATS ChipPAC is on track to meet its Q2 revenue guidance. We estimate revenue to. rise 4.5 pei* cent quarter-on-quarter. We expect the communication and consumer segments
      Source: Bloomberg  -  1,003 words
    • 510 8 CURRENCIES Reuters [SINGAPORE] Most Asian currencies ended a three-session rally yesterday, dropping from multi-week peaks after news that North Korea had launched several missiles stoked concern about geopolitical risk, spooking traders and investors. The Japanese yen fell against the dollar and hit
      Reuters; REUTERS  -  510 words

  • COMPANY NEWS
    • 345 9  -  This is its largest utilities investment overseas to-date By OH BOON PING SEMBCORP Industries' wholly-owned subsidiary, SembCorp Utilities, has won the bid for a mega US$l.7 billion power and desalination project in Abu Dhabi, following a competitive bidding process that began in July
      345 words
    • 212 9  -  By OH BOON PING ZAGRO Asia is considering converting an investment by Green Dot Capital in AgroExchangePlus into new Zagro shares that may see Green Dot become one of its top five shareholders. AgroExchangePlus is majority-owned by Zagro Asia and Green Dot Capital is
      212 words
    • 408 9 Reuters KEPPEL Corp, the world's top builder of offshore oildrilling rigs, plans to expand its capacity and capabilities to build specialised vessels that support offshore oil exploration and production. Keppel's fully-owned subsidiary Keppel Singmarine plans to double the capacity at its yard in Nantong,
      Reuters  -  408 words
    • COMPANY BRIEFS
      • 57 9 MFS Technology Ltd said in a guidance that sales for the third quarter ended June 30 are expected to be about 28 per cent lower than in 2Q06 mainly due to reduced demand from its end customers and a slower than expected market response
        57 words
      • 155 9 BBR Holdings (S) Ltd announced that its wholly-owned subsidiary, Singapore Piling Civil Engineering, has won three contracts totalling more some $43 million. The awards include a $23.6 million contract by the Public Utilities Board for laying of a raw water pipeline from Kallang Basin
        155 words
      • 67 9 ABR Holdings Limited entered into a venture with Kristi Jordan International Pty Ltd yesterday to invest in a 50 per cent stake in KJ Coffees Singapore Pte Ltd, the Singapore-incorporated master franchisee of Gloria Jean's Coffees in Singapore. ABR Holdings Limited will
        67 words
      • 52 9 NYLECT Technology said that the court had imposed a fine of $250,000 on a subsidiary on June 30 over two complaints filed against it under the Electricity Act (Chapter 89A) for damaging the electricity cables of SP Power Grid. It had earlier made a provision
        52 words
      • 43 9 SUPER Coffeemix Manufacturing Ltd and Tee Yih Jia Food Manufacturing Pte Ltd have agreed to incorporate a joint-venture company, JHS Holding Pte Ltd, in Singapore. The joint venture company will be an investment holding company for investments in* China.
        43 words
    • 284 9 Reuters (BANGKOK] Thai Hua Rubber, Thailand's third biggest rubber exporter, is adding more planting areas in neighbouring Laos to take advantage of stronger rubber prices as it prepares for an initial public offering, possibly in Singapore, next year. If it does launch its
      Reuters  -  284 words
  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 338 10  -  Scheme lets visitors redeem shopping vouchers at 39 Orchard Rd stores By MELISSA LWEE TOURISTS visiting Singapore can claim their 5 per cent Goods and Services Tax (GST) refund in the form of shopping vouchers until Sept 30. The shopping voucher redemption comes
      FILE PHOTO  -  338 words
    • 302 10 SEVEN thousand employees will be needed to staff the shops, eating places and entertainment venues at Vivo City when Singapore's biggest mall yet opens for business in three months, and an innovative jobs fair is to be held to
      302 words
    • 268 10 COE premiums yesterday fell for all categories except small cars. In the first bidding exercise of July for certificates of entitlement, Category A for cars below 1,600 cc rose $900 to $10,201. Its rise was not surprising given that in the
      268 words
    • 274 11  -  Participating agencies may reap cost savings of up to 15% By OH BOON PING TWENTY further bodies could next year be included in a government initiative which delivers human resources and financial services to public sector agencies. Participating agencies may also
      274 words
    • 339 11 Reuters THIEVES in Singapore have taken to stealing bridge railings, wires and signboards to take advantage of a sharp rise in scrap metal prices. The Land Transport Authority (LTA) said it has had 5525,000 worth of bridge railings, steel support poles
      Reuters; WANBAO FILE PHOTO  -  339 words
    • 285 11 Inc3 identifies seven businesses for its programme CREATIVITY is hatching in Singapore as the government injects more than $1 million of seed funds into Inc3, a privately owned incubator company, to nurture and support new creative business ideas. Inc3, set up
      285 words
    • 255 11 Bloomberg VITOL Group, a Swissbased oil refiner, hired three banks to arrange a US$2OO million loan for its Asian unit for working capital. people involved said. Arrangers ING Groep NV, United Overseas Bank Ltd and Sumitomo Mitsui Banking Corp will be inviting
      Bloomberg  -  255 words
  • Page 10 Advertisements
    • 2596 10 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices^sph.com.sg KMI m l BOUSTEAD SINGAPORE LIMITED I (Incorporated In Singapore) (Company RegtHretoon Number: *****1038K) (ffWCompeny") NOTICE OF EXTRAOROMARY GENERAL MEETING I NOTICE IS HEREBY QIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will I be held at 03 Übi Avenue 1. #06-01
      2,596 words
    • 316 10 In the Matter of The Companies Act Cap. 50 and In the Matter of KHEE PANG (PTE) LTD (Registration No. *****3609R) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenomed Company duly convened and held at 2 Haveloclt Road, #06-08 ApoHo Centre, Singapore *****3 on Friday, 30
      316 words

  • Page 11 Advertisements
    • 218 11 business" Innovations. Programme 8.30 am Registration 9.00 am Introduction (Video-screening) 9.15 am Singapore Patent System: Uniqueness, Filing Strategy Key Areas To Look Out For Mr Ceroid Koh, Executive Committee, Association of Singapore Patent Agents (ASPA) 10.00 am Tea-Break 10.20 am Making that Patent Dive: Factors to Consider Ms Tan Shin
      218 words
    • 255 11 feJSMU SINGAPORE MANAGEMENT UNIVERSITY "SMU's MPA programme provides degree holders a unique opportunity to pursue a graduate programme and obtain professional recognition at the same time. I encourage you to be a part of this exciting profession with tremendous growth potential in Singapore and beyond." Tan Boen Eng President, Institute
      255 words

  • SINGAPORE INTERNATIONAL
    • 730 12  -  They have stepped up their presence in Chennai, which has good infrastructure and facilities for business, writes CHUANG PECK MING CHUANG PECK MING IT'S Singapore companies' first stop in their ventures into India and not surprisingly. Chennai, India's fourthlargest metropolitan city situated on its
      730 words
    • 488 12 CHENNAI has been called the Detroit of South Asia. India's fourth-largest metropolitan city is now also a global hub for outsourcing services, especially for software development and business process. A T Kearney, an international consulting firm, rates Chennai, which is
      488 words
    • 568 12 Even though doing business there isn't a piece of cake TIONG Seng Contractors feels comfortable in Chennai. After all, says director Andrew Khng, most Indians working in Singapore have traditionally come from southern India. "We were more inclined to start the business
      568 words
  • Page 12 Advertisements
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      82 words
    • 40 12 enterprise The Business Times SINGAPORE Singapore Singapore International is a weakly, market-focused series to you by K Singapore and The Burineac Times. K Singapore ban agency unoar to Mimsuy or i raw ana ramry wiping Singapore enterprises export end intemationetise.
      40 words

  • ECONOMY WATCH
    • 739 13 Banks discuss the most promising World Cup outcomes for economies Reuters [PARIS] No soccer fan would tune in to an investment banker providing live commentary and analysis on the World Cup, but nothing will stop some banks from coupling a day job and a passion with some
      Reuters  -  739 words
    • 414 13 Overnight call rate expected to be raised to 0.25% Reuters [TOKYO] The Bank of Japan (BOJ) plans to end an era of zero interest rates and raise a key short-term interest rate for the first time in six years at its July 13-14
      Reuters  -  414 words
    • 298 13 Reuters Bloomberg [LONDON] A big question for the global economy is whether it can absorb the effects of a fall in the value of US housing that has until now generated huge amounts of spending, billionaire financier George Soros said on
      Reuters; Bloomberg  -  298 words
    • 236 13 Bloomberg [LONDON] A rise in overseas buyers targeting British companies helped increase investment attracted to the UK from abroad by 14 per cent in 2005-6. The number of over-seas-led acquisitions, mergers and joint ventures rose 27 per cent to 375, according to
      Bloomberg  -  236 words
  • Page 13 Advertisements
    • 1639 13 [*AT3 NOTIC FS Toll free: 1800-289-8822 Email: notices" 7 sph.com.sg GROUP LIMITED AIROCEAN GROUP LIMITED (Incorporated In the Republic of Singapore) (Company Registration No. *****0382N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Suntec Singapore International Convention
      1,639 words
    • 911 13 s Asiatic Group ASIATIC GROUP (HOLDINGS) LIMITED Company Registration No. *****9290R (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASIATIC GROUP (HOLDINGS) LIMITED ("the Company") will be held at REPUBLIC OF SINGAPORE YACHT CLUB, 52 West Coast Ferry Road, Singapore *****7 on
      911 words

  • MALAYSIA
    • 548 14  -  It will have multiple ramifications, complicated by S'pore-KL ties By S JAYASANKARAN in Kuala Lumpur ABOUT a year ago tycoon Francis Yeoh briefed Malaysian officials from the National Economic Action Committee, a government agency under the Prime Minister's department, on a plan to construct
      548 words
    • 396 14 Bloomberg [KUALA LUMPUR] Perusahaan Otomobil Kedua Nasional Sdn, Malaysia's second-biggest carmaker, plans to triple exports by 2010, cutting its reliance on the domestic market. Perodua, as the maker of Myvi and Kancil cars is called, aims to export 10,000 vehicles annually, primarily to
      Bloomberg; AP  -  396 words
    • BRIEFLY ASIA
      • 50 14 Reuters [PARIS] US private equity group Starwood Capital said on Tuesday it would sell French sparkling wine maker Bouvet-Ladubay to India's UB group. Terms were not disclosed. Indian newspapers reported last month that UB was in talks to acquire Bouvet-Ladubay for US$l5 million.
        Reuters  -  50 words
      • 81 14 Reuters [MUMBAI] India's Tata group said yesterday it was unlikely that an end of July deadline for the approval of a proposed US$3-billion investment in Bangladesh would be met, but in Dhaka officials were optimistic the firm would remain committed to the plan. Analysts said
        Reuters  -  81 words
      • 55 14 Bloomberg [TOKYO] Business activity in China expanded in the second quarter at the fastest pace in more than two years, according to a survey published by the statistics bureau. The business climate index rose to 135.9fr0m 131.5 three months earlier, the Beijing-based National
        Bloomberg  -  55 words
      • 69 14 Bloomberg [JAKARTA] Indonesia's government said it expects this year's budget deficit to be narrower than previously estimated because it failed to increase spending on infrastructure projects. The government has asked Parliament to approve a proposed budget deficit of 1.2 per cent of GDP, less
        Bloomberg  -  69 words
    • 231 14 AFP [KUALA LUMPUR] Malaysia's minister in charge of law has ruled out a return to jury trials, saying ordinary citizens lacked expertise and could make biased decisions based on race, reports said yesterday. "Because jurors are ordinary people, they are not
      AFP  -  231 words
    • 177 14 AFP [KUALA LUMPUR} Canada yesterday said it expects to take at least one or two years to start free trade agreement (FTA) talks with Malaysia because Ottawa is tied up in negotiations with other countries. "An FTA is always good
      AFP  -  177 words
    • 2262 14 VOL General Corp .0.(3 unch 56 MS W- r*m Gantmg 2330 020 M GeoroeKent .0.52 0.02 115 AAMRealty 1.51 0.11 249 G HI Systems 023 -0.01 1610 Abric0* 33 Globetronics Tech .0.32 -001 194 ACP Industries 1.02 0.01 443 GlomacBhd-. 1.18 unch 100 Advance Synergy 020 -0.02 84
      2,262 words
  • Page 14 Advertisements
    • 1085 14 NETELUSION LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of NETELUSION LIMITED (the "Company") will be held at Room Queen 1, Level 5 International Factors Building, 141 Market Street, Singapore *****4 on Friday, 28 July 2006 at 10:30 am for the following
      1,085 words

  • GREATER CHINA
    • 544 15 Index ends 2.2% up after hitting 27-month high with 20b yuan IPO Reuters [SHANGHAI] Shares in Bank of China (BOC), in which Singapore investment agency Temasek Holdings has a stake, surged 23 per cent yesterday in the Shanghai stock market's
      Reuters; REUTERS  -  544 words
    • 167 15 Reuters [BEIJING] A real estate executive and three former employees of Bank of China (BOC), the country's second-largest bank, have gone on trial for allegedly defrauding the bank of 750 million yuan (Ssl4B million), the Beijing News said yesterday. A court heard on Tuesday
      Reuters  -  167 words
    • 539 15 Reuters [HONG KONG] Shimao Property Holdings Ltd's solid Hong Kong debut yesterday, following weak demand for its initial public offering (IPO), should bode well for Greentown China Holdings' US$4lO million IPO, investors said. Market sources said Greentown, which has attracted Singapore investment
      Reuters  -  539 words
    • 507 15 Sign that stalled NPL loan market is gathering pace Reuters [BEIJING] China debt clearer Orient will kick off a series of auctions open to foreign investors tomorrow when it takes bids for bad loans backed by everything from factories to property in south-west
      Reuters  -  507 words
  • Page 15 Advertisements
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  • INDIA
    • 703 16  -  Country sees highest average wage rise of 13.9%, 17.9% in IT sector By SIDDARTH SRIVASTAVA in New Delhi RAPIDLY rising costs of employees are turning into a nightmare for companies in India. According to the 2006 Salary Guide put out by Kelly Services India, the
      703 words
    • 175 16 Tycoon expected to discuss interest in hydrocarbon sector with PM Singh [MUMBAI] Lakshmi Mittal will review his India plans, just days after reaching an agreement to merge Mittal Steel with rival Luxembourg-based Arcelor to create the world's largest steel group, the Business
      175 words
    • 312 16 Reuters IMUMBAI] India's Tata group plans to raise its stake in the country's largest private steel maker, Tata Steel Ltd, to ward off possible hostile takeover bids, chairman Ratan Tata said yesterday. Last week, the world's top
      Reuters  -  312 words
  • Page 16 Advertisements
    • 63 16 I Make CritiCal business declsions with an accurate overview of JSr w'< Possess adequate knowledge to accommodate changes in today's SI aggressive business environment and retain your company's I competitive edge. Realise your company's potential growth. J*/**" 3® Start with the right solution. Win w ■i- Jil l|y t I
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    • 777 16 msam IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VERONIOUE PTE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0750 C NOTICE or RESOLUTIONS Al an Extraordinary General Meeting of the Company held at 14 Woollerton fork Singapore *****2 on the 27th day of
      777 words

  • WORLD
    • 865 17 Renault, Nissan eye GM's investments in India and China while GM gets access to Nissan's small car architectures Bloomberg General Motors Corp shareholders have listened to excuses and waited endlessly for GM management to produce results. It's easy to understand why they jumped last Friday
      Bloomberg; AFP  -  865 words
    • 276 17 Reuters [MONACO] Fund management companies face a tough fight to hold on to talented employees against the lure of hedge funds, a research executive said here on Tuesday. With many managers defecting to hedge fund start-ups and other small companies to enjoy the
      Reuters  -  276 words
    • 266 17 AP [SYDNEY] Australian television broadcasting rules will be changed to also regulate live webcasts, the communications minister said yesterday, after a TV network escaped prosecution after showing live footage online of an apparent sexual assault. Earlier this week, the government referred Network 10's Big Brother
      AP  -  266 words
    • 351 17 Reuters, Bloomberg [NEW YORK] The regulator for Fannie Mae and Freddie Mac said the governmentsponsored housing enterprises should be able to step in and buy mortgages during times of financial turmoil to steady the US mortgage market, The Wall Street Journal reported yesterday.
      Reuters,; Bloomberg; AP  -  351 words
    • 415 17 Reuters, AP [TOKYO] DaimlerChrysler chief executive Dieter Zetsche yesterday cautioned against optimism amid talk of a possible three-way tie-up between General Motors, Nissan Motor and Renault and said cost-saving benefits from alliance pacts are hard to come by. "When you refer to the most
      Reuters,; AP  -  415 words
    • 338 17 LATEST US DATA Bloomberg [WASHINGTON] Factory orders in the United States rose more than forecast in May, led by demand for business equipment that may keep the economy from slowing too much. Orders placed with factories increased 0.7 per cent during
      Bloomberg  -  338 words
    • 500 17 Reuters [MONACO] The fund arm of Swiss-owned ÜBS does not accept it must choose between managing money and distributing funds to clients as has happened with rivals in the United States, the unit's chief executive said yesterday. While some companies
      Reuters  -  500 words

  • Page 18/19 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 747 20 They now control 10% of US households' financial assets Bloomberg [NEW YORK] The discount brokers are back and. more than ever, are undercutting the traditional retail franchises of majors such as Merrill Lynch, Citigroup's Smith Barney, ÜBS and Morgan Stanley with cheaper and easier trades. "They
      Bloomberg  -  747 words
    • 150 20 AFP [SYDNEY] A merger between the Australian Stock ExchangetASX) and the Sydney Futures Exchange (SFE) to form the ninthlargest listed exchange group in the world was approved by shareholders yesterday. Australia's competition regulator has already cleared the merger, which will create a Ass billion (555.88
      AFP  -  150 words
    • Article, Illustration
      37 20 AP South Korean women read the Seoul Daily newspaper reporting North Korea's launch of missiles yesterday. The reclusive regime defied international protests by launching a long-range missile and at least five shorter-range rockets. —AP AP
      AP  -  37 words
    • 627 20 Reuters [TOKYO] Mototsugu Goto turned 60 years old in March, but the Japanese electronics company employee has no intention of retiring anytime soon. "I'm still healthy and I can work," the silverhaired Goto said, sipping a beer with his lunch
      Reuters; AP  -  627 words
    • 275 20 Reuters [FRANKFURT] German media group Bertelsmann is considering selling a part of its 50 per cent stake in Sony BMG, the music recording company it owns jointly with Sony Corp, a source familiar with the situation said. "It is basically half now, and
      Reuters  -  275 words
    • 781 20  -  JAPAN INSIGHT Things are hotting up in North-east Asia with a defiant Pyongyang and gunboat diplomacy ANTHONY ROWLEY Tokyo Correspondent HERE is the stockmarket report: "Investor sentiment was hit today by a barrage of missiles and further rounds of gunboat diplomacy." Huh? Surely there must
      781 words
  • Page 20 Advertisements
    • 124 20 BritSfffirgin islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please rontact: Angela Nicolson or Marie Lim OFFSHORE CORPORATE SERVICES 1 Raffles Place, #21-01
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  • AVIATION
    • 624 21  -  Move aims to make jets 'up to date in technology, keep them ahead of 737' By VEN SREENIVASAN {SINGAPORE] In a bid to extend its lead over its American rival, European planemaker Airbus is embarking on a major upgrading of its A
      624 words
    • 330 21 Reuters [LONDON] Britain's BAE Systems ordered an audit of Airbus yesterday, pushing back its possible sale of a 20 per cent stake in the European planemaker into September at the earliest. BAE was set to sell the stake to 80 per cent owner EADS using
      Reuters  -  330 words
    • 208 21 AFP [SINGAPORE] An association of Asia-Pacific airlines yesterday expressed opposition to a plan by the* South Korean government to levy an extra tax on air fares to raise aid money for poor countries. Andrew Herdman, di-rector-general of the Association of Asia-Pacific Airlines (AAPA), criticised
      AFP  -  208 words
    • LOG BOOK
      • 94 21 Bloomberg (LONDON] British Airways Pic, Europe's third-largest airline, will start a new service between London Heathrow and Calgary, Alberta, to benefit from growth in the oil and tourism industries there. The service will start on Dec 1 and will fly five times
        Bloomberg  -  94 words
      • 57 21 Bloomberg [WARSAW] Flight attendants at PLL LOT SA, Poland's national airline, cancelled a two-hour strike over working conditions that was planned for yesterday and will continue negotiations with management. A spokesman for the Warsaw-based company said it expects to sign a deal with the
        Bloomberg  -  57 words
      • 60 21 AFP [HANOI] Russian airline Aeroflot this week resumed twice-weekly direct flights between Moscow and the Vietnamese capital Hanoi after a break of almost a year over technical reasons. Boeing 767s now make the nine-hour flight from Russia on Monday mornings and Xhursday evenings local time,
        AFP  -  60 words
    • 486 21 Bloomberg [HONG KONG] Airport Authority Hong Kong, operator of Asia's third-busiest airfield by passenger numbers, posted a record fullyear profit after the region's economic growth boosted demand for passenger and cargo flights. Net income for the year ended March 31 rose 33 per cent
      Bloomberg  -  486 words
    • 198 21 Bloomberg [TOKYOI All Nippon Airways Co, Japan's largest domestic airline, said one of its aircraft made an emergency landing yesterday morning after the cabin's air pressure fell. A total of 46 people were onboard the flight. The aircraft, a Boeing 737-500 operated by
      Bloomberg  -  198 words
    • 2112 21 or* FUfiMT ITA HJSMT KTB GA840 1640 GAM1 1755 SQU7 2235 Iffl ssr m a eg mI ihl SQ230 1750 BA7382 2215 D" 6 W4355 0735 EK405 0210 AF8067 1850 OF82 2215 ***** 0735 EK433 0300 BA7381 1850 LH9770 2345 tK404 1405 NZ4354 2335 OTI ir<?
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  • Page 21 Miscellaneous
    • 186 21 CRYPTIC CROSSWORD DOWN 1 Father always gets upset by 11 1)0 antic, Pate ble follow SOLUTION f ru it (6) in 9 execution (12) Across: 6 Parsimony, 7 Cream, 10 2 Army officer embraces fe- 14 n reSSUIe orenada Le9ate ,2 Smul ,3 male contemDorarv (6) checked (10) Chaplain, 15
      186 words

  • LOGISTICS
    • 697 22 Using GPS technology, it allows larger operators to grow and take market share from small firms Reuters [MONDOVI, Wisconsin] RANDY Marten clicks on his mouse, and a map of the US pops open on his flat screen monitor. "Watch this," says the chief
      Reuters; BLOOMBERG  -  697 words
    • 402 22 Reuters [JOHANNESBURG] South African rail and transport group Transnet wants to grow the market share of its ailing general freight business by 50 to 80 per cent in a mission to help boost national economic growth, the group's chief executive officer said
      Reuters  -  402 words
  • Page 22 Advertisements
    • 155 22 £X £tSV/>/>{yOM//V "\\y- 'J"""., 1 J **VV M *?<?*»« FROM AIR AND OCEAN FREIGHT THROUGH VALUE-ADDED SERVICES TO SUPPLY CHAIN MANAGEMENT V I \.i>- <•*?•-, •< < H I IHK II I H I I I I I H I r> X I H H Wm —JHI TfITW jjgto 41
      155 words

  • SHIPPING
    • 572 23  -  Big savings in many areas, including shipping times, inventory control By DONALD URQUHART [SINGAPORE] Companies that spend on supply chain security can expect a comparative advantage far outweighing the costs of implementing the security processes, says a new study by Stanford University.
      572 words
    • 282 23 Bloomberg [BEIJING] Shanghai International Port (Group) Co, operator of China's busiest container port, handled a record number of containers in the first half as the nation's economic growth boosted demand to move freight by sea. Container volume rose 18 per cent from a
      Bloomberg  -  282 words
    • 329 23 Bloomberg [HONG KONG] Titan Petrochemicals Group Ltd, China's largest oil-supertanker owner, said it agreed to buy as many as 10 vessels for US$B.67 million each to expand its ship refueling business. Titan Petrochemicals will buy the 6,500 metric ton double-hulled bunker barges built
      Bloomberg  -  329 words
    • 190 23 AP [TOKYO] (AP) Japan on Tuesday set up a task force to overhaul its maritime policy, officials said, as tensions mounted over a South Korean survey around waters claimed by both countries. The task force, which brings together Japan's transport ministry, coast guard and other
      AP  -  190 words
    • 1079 23 TANKER MARKETS Rising oil demand also cited for industry's forecast Bloomberg [LONDON] The cost of leasing an oil supertanker between the Middle East and Japan in the third quarter may climb 44 per cent from last year amid rising demand
      Bloomberg; FILE PHOTO  -  1,079 words
    • 444 23 Bloomberg [LONDON] The cost of shipping crude oil from the Middle East to Singapore on 2-million-barrel tankers may rise from its lowest in four weeks as a surplus of vessels at the end of July diminishes. "The market has rebounded a little bit
      Bloomberg  -  444 words

  • EDITORIAL & OPINION
    • 529 24 EDITORIAL STARHUB'S low value-added broadcast of World Cup matches reinforces the view that the pay-TV market in Singapore sorely needs competition. What Singapore's only cable operator has dished up so far has been plainly disappointing. The World Cup is clearly the mostwatched sporting
      529 words
    • 1306 24  -  Unless progress is shown, pressures may grow in US for a different approach to the war By DAUIT SINGH IT MAY sometimes be easier to fathom the foreign and security policy intentions of secretive states like China or even the Soviet Union of the
      REUTERS  -  1,306 words
    • 777 24  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg AS the world's industrialised powers prepare to meet 10 days from now in St Petersburg, Russia, it's worth asking this question: Does anyone really care? We should. Stock markets are shaky;
      Bloomberg  -  777 words
    • 1327 25  - Airbus facing Boeing's '97 woes But can the European planemaker, facing production delays and angry customers, turn around as its US competitor did? By DON PHILLIPS International Herald Tribune IS AIRBUS today beset with production delays, angry customers and management turmoil—where Boeing was a decade ago? And can it, like
      International Herald Tribune; BLOOMBERG  -  1,327 words
    • 1026 25  -  By JIM YARDLEY NYT AT a government auction inside a dingy gymnasium, a young businessman named Ding walked away a happy winner the other day. Like everyone else, he was bidding on licence plates and did not seem to mind that his cost U556,750.
      NYT  -  1,026 words
    • 432 25  -  LETTERS TO THE EDITOR Lee Yow Jinn Singapore THE recently published iN2015 on Financial Services reaffirmed the financial services industry's commitment to leverage technology for better delivery of services and products. According to the Singapore IT Spending and Industry Segmentation Report 2005 by IDC,
      432 words
    • 246 25  -  Lu Keehong Singapore I REFER to your article "Fare hike for Comfort Del cabs confirmed" (BT, July 4). It is commendable that ComfortDelGro held off an increase in fares for the last two years when the cost of fuel doubled. It is even more
      246 words

  • Page 25 Advertisements
    • 99 25 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph. com.sgorwriteto: The Business Times, SPH HQ, IOOOToa 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 libel laws. We reserve the
      99 words

  • 10670 26 SGX MAINBOARD Transaction date: Jul 5 ..ft** W Last Vol Day LatQuote GrOiv Mr GrVM Nat MCap Hlgfc law Coda Company Sal* *,I- (HDD) Wgti low Swyr SaSar Cw M hi 4 1 5716 1st Software 5c 3 2 3 -121 14 6 3148 8TelecomUS2c ....7.5 »0.5 20
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  • Page 26 Advertisements
    • 59 26 Welcome to Our onlinu Of IMirr i,n<) st;ivi< c jiv >s >u fast .-uh J i« ii to the W()i*l(i > >f tilvtiK;I.il Hi, itk»;! lr.-r lit >< j. Make Our Citv an<i tra I" wit I 1 thv .n ifpssu >rits It is possible to qiiir.-klv' /-.f ,i «it
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  • 6159 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la M atr n Hi US1 N dy yr dy %yr dy %y» Jui4 tnbw Char»q« Ow>g« Ovjoqa Oxang* CHang« Ch»ny Worldinde* PTSlimin*} 9»»6 0t1 JJb <11 04 03 5.8 i £AK Pfriimtnaty ***** 02 2-8 OO IB 03 9.3 Europe Pitfairoar; <337.7
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  • Page 28 Advertisements
    • 1250 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL AFRICAN LION RDM/ATW/BMN/TLB/NAN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ORIENTAL RIVER INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT WIN HONEY INC/BSN Loads Singapore, E./W. Malaysia, Indonesia
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    • 670 28 |p] doncnama line VBSa (IVOT SUN) VOY [~SCP HKG KOIAHAJUMM HNIIOI 09/07 13/17 KOUHASt HAS 427 16/07 N/17 VBSa (IVRY SUN) VOY MP MB IKY YW KM MOl FORUM M 174 09/07 13/07 17/07 11/07 10/07 MUMMY ***** It/07 10/07 M/ 07 M/ 07 17/17 HK'-WT TBMMI VBSaffVHPfWHI) VOY [SSP
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    • 697 28 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSM VOT IW HBOHT SI LK MAO SAV »A 1 ORI TAMESIS Aft 20 JWTw 6.4 M 07/07 M/ 07 0«/0l 12/01 10/01 14/00 IAMPA Af62l 4201 m 6.4 M 17/07 00/00 11/00 22/00 26/00 24/00 TAIAGO AH 23 3201 MS MM 07/01 31/00
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  • Page 29 Advertisements
    • 1380 29 WAN HAI INTERNATIONAL PIE LTD a MO: 14«9»*****/* I V TEL *****588 (14 UNES) FAX:*****163 \N 1 WAN HAI I INF\ CHtaMrS«vk*/koktagsDirKtUH-(1800)*****200 ■■111 lilllL V mTH:(O3)3MUIttnL(O3)*****a«KNIH:tM)2aS*OOMX:fO<)22WI« V JOH H: (07) 2SIM3 MX: (07)2511*21 SW IB: (0)1) SK47S NUb Hit) *****14/ 321! 305 www wanhai rum <a KITE: (021) ***** M
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    • 1112 29 IVtSSIL IVOY PKI SIN KARACHI DXB I BAB NHS DMM UK KHOt~~l IRAN KORDISTAN KL SMS OS/07 09/07 11/07 21/07 22/07 2S/07 30/07 01/01 IRAN BAABAEI Kl SI 43 04/07 14/07 23/07 24/07 27/07 03/0S OS/OS 07/0S IRAN SATTARI PCI Sl47| IS/07 19/07 2S/07 31/07 01/0S 07/0S 09/08 11/08 IVISStI
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5948 30 This ETA ETA AdvwtlMr VhhI Voyage Telephone ETA HA AdmtlMr VMM* Voyage Telephone Sm Dtifn Nmim Nmim Numb#f Nuintotf SIN Dufii Nmh# Nam# Number Numb#f .•.vmim ftmsmm s ss•■■?■■■:mmmss&ssstmmmawxtmn m* 20/07 09/08 ChinaShpg NEW DYNAMIC 117A *****696 To ABIDJAN (ABJ) 2003 Cote D'lvolre 2*101
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  • BizIT
    • 859 31  -  Revenues crossed US$2b in Asia-Pac and Japan, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY Enterprise software major Oracle Corp, whose total revenues in AsiaPacific and Japan (Japac) region grew by 18 per cent to over US$2 billion in fiscal 2006, is looking at
      859 words
    • 457 31 NYT [BRUSSELS] For nearly three months, Microsoft says, 300 of its engineers have been working nearly non-stop to produce the documentation for its server software that the European Commission has sought since an antitrust ruling in 2004. After two years dragging its heels,
      NYT  -  457 words
    • 250 31 Reuters [OSLO] Shares in Norway's Trolltech ASA, the world's largest supplier of Linux software for mobile phones, gained 9.4 per cent on its bourse debut yesterday, buoyed by hopes it could benefit from the next breakthrough in mobile telephony. Trolltech shares rose to 17.5
      Reuters  -  250 words
    • 493 31  -  Subscribers expected to reach 274,900 by 2010 By ROLAND LIM ENTERPRISES in Singapore are expected to spend more and add mobile email capabilities to their corporate e-mail systems as the local enterprise mobile e-mail market is expected to grow at a compounded annual
      493 words
  • Page 31 Advertisements
    • 160 31 i RlHTilll i A nM lif m m 31 July -1 August 2006, Grand Copthome Waterfront Hotel, Singapore 3-4 August 2006, JW Marriott Hotel, Kuala Lumpur, Malaysia Glean Sustainable Workable Talent Insights from International HR Experts Including: CISCO ■yjjggjgjgmra^gjnT!^^™ EMC Software Group I BSPI GlaxoSmithKllne Henkel India Philips Elactronlcs ■SSStWMM
      160 words

  • PROPERTY
    • 348 32  -  First large site slated for mixed landed housing in 12 years By UMA SHANKARI FINLAND Gardens, a 48unit freehold condominium development off Siglap Road, is the latest offering on the en-bloc market. The site is unique: it is the first large
      348 words
    • 174 32 Reuters [LONDON] Property adviser DTZ Holdings pic reported record profits on Tuesday, spurred by strength in global property investment and corporate demand, and proposed a 40 per cent increase in its final dividend. But it cautioned that red-hot investment markets may cool due to
      Reuters  -  174 words
    • 1680 32 PROJECT NAME/ PROP CONTRACT TENURE BUMWIAND PRICE PSf STREET NAME TYPE DATE AREA'fiQFT) (SS'OOO) (SS) District 2 NON-LANDED Int'l Ptaza Apt 20/06/2006 99 147S 637 432 Spottiswoode Apt Apt 19/06/2006 FH 592 385 650 District 3 NON-LANDED Landmark Twr Apt
      1,680 words
    • 1092 33 Investors drawn by proximity, growing stock of relatively 1 cheap luxury homes Bloomberg J [HONG KONG] Hong Kong k entrepreneur Lam Chiu Hong and buyers like him a have pushed up home prices in the neighbouring Chinese city of Shenzhen by 31 per
      Bloomberg; REUTERS  -  1,092 words
    • 687 34 But high-end unit sales have fallen as market is suffering from oversupply Reuters [BANGKOK] Thailand's housing market, where luxury costs the same as mediocre units in other Asian cities, is starting to draw foreign developers, but some analysts say Bangkok lacks enough rich residents
      Reuters; FILE PHOTO  -  687 words
    • 413 34  -  By CLARENCE MICHAEL in Dubai DUBAI'S Emaar Properties, which is planning developments in Beijing and Shanghai, intends to open an office in Shanghai's Jiushi commercial office building before the end of the month, to help with its investment plans in China. A company
      413 words
  • Page 32 Advertisements
    • 144 32 Parakou $#J|| Building Jij j The ONLY brand new office building along Robinson Road ill; -1 Good view/good natural light gP#- Hi Typical floor plate of 5,360 sq ft HRFC Flexible VRV aircon system Available immediately for lease Sd« Maritatlng Agant: Winston Po 9796 4957 Agnes Tay 9639*1173 Sebastian Urn
      144 words

  • Page 33 Advertisements
    • 303 33 rz Jl IB MkLot:24-6113T --j**J§l ♦Mk Lot: 24-5938W >. Total Site: *****.5 Sq Ft tor Ah Plot Ratio: 1.4 Subject v Building Ht:s storey Chartes XA viif ■■iEQHBjQEQIH <*§► For more details Tender documents please contact V Stanley Koo *****785 AngelineKoh *****228 jU|£ ARDMORE PARK SUPER LUXURIOUS DEVELOPMENT SITE FOR
      303 words
    • 41 33 For Lease Office: 645 to ***** sqft Shop: 194 to 2433 sqft Outside CBD/ Free Shuttle Bus Service to MRT Station Panoramic city/ sea view Broadband enabled/ SCV Service available Ample carparking space Hong Fok Group Tel: 6390 2425/ 6292 8181
      41 words
    • 1377 33 r* JJiP MAE ENGINEERING LTD. WWwWf(lncorporated in the Republic of Singapore) WWW (Registration No. *****1961 C) NOTICE 6 HEREBY GIVEN that ttw Annual General Mealing of ttw Company will be held at 149 Rochor Road, #05-13/15 Fu Lu Shou Complex, Singapore *****5 on Saturday, 29 July 2006 210.30 am to
      1,377 words

  • Page 34 Advertisements
    • 258 34 gg^^ Freehold; Land 98,309 sf „tZc E as t Coast Ave East Coast Terrace V-~~--^3iiu- 3-storey mixed landed zone \£T High baseline GPR of 1.372 Large site; rarely available S?cSieoe Double road frontage; regular shape EA Closing on 8 Aug 2006 (Tue), 2.30pm j> i 'I >i i i <
      258 words