The Business Times, 11 July 2006
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2006-07-11
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The Business Times
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Title Section15 2006-07-11 1 THE BUSINESS TIMES Tuesday, July 11,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/200615 words
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638 2006-07-11 1 CONRAD TAN - By CONRAD TAN [SINGAPORE] Tempted by the prospect of high returns in Asia's rapidly growing economies, cash-rich investors from the Middle East are flocking to Singapore this week to meet potential suitors, according to top Japanese brokerage firm Nomura. "The global growth is in638 words
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Article138 2006-07-11 1 STI 2,438.45 (-6.68) ST INDEX FUTURES 2,441.00 (-7.00) SIMSCI 290.49 (-0.94) SIMSCI FUTURES 290.90 (-0.40) MARKETS Monday Change KLSE COMP 924.86 -0.70 NIKKEI 225 15,552.81 +245.20 HANG SENG 16,603.81 +144.03 SET INDEX 684.55 -1.56 JAKARTA COMP 1,339.83 -8.08 MANILA COMP 2,238.84 -19.19 SEOUL COMP 1,299.29 +25.36 SHENZHEN B138 words
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Article, Illustration671 2006-07-11 1 ANNA TEO - Flash estimate shows 7.5% Q2 growth but economists say upper end of 5-7% full-year forecast within reach By ANNA TEO [SINGAPORE] Economic growth is widely expected to moderate further in the second half of this year after a slower, though unsurprising, 7.5 per cent paceREUTERS - 671 words
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Page 1 Advertisements
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Advertisement12 2006-07-11 1 WORLD CUP 2006 BT-Philips World Cup Fund goes out with abang pageib12 words
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Advertisement76 2006-07-11 1 X PROPERTY Developers continue to roll out new residential projects PAGE 30 C IV /I I™ From makinc J V /I L s medals to I V I Im JR making defene SPOTLIGHT A *ir- ~|5gkr.;. page 10 BT ONLINE BT print subscribers get free access to the Business Times76 words
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Advertisement85 2006-07-11 1 HOCK LOCK SIEW Raising taxi fares even more would be good foreveiyone page 4 v» J it i H S|U^g^^^A|^^^&Z^J|SUMflJU^MM|^kMMinßßHlhHH J^KinnßWjT7BiminiTW=WSi»WW»!W»lj^B ifilfr' li fi: vf *i k I" 7 r /1/ If W^W?l^ f IHPCaQIL l 5 ISf x/ Breguet. La passion lalsss dss trscss. Extra-thin wristwatch Classique in 18-carat85 words
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Advertisement22 2006-07-11 1 SMALL CAPS Multi Vision zeroes in on China PAGE J2 -J tj Milne Int'l sees growth in the plywood trade PAGE 1122 words
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Advertisement6 2006-07-11 1 SMEs widening financing options PAGE 116 words
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TOP STORIES
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Article, Illustration435 2006-07-11 2 ROLAND LIM - Close watch expected as acceptances are tallied By ROLAND LIM [SINGAPORE] Pacific Internet (PacNet) shareholders who have taken up MediaRing's US$9.5O-a-share offer can expect to know later today whether they will indeed be able to sell at that price, following the closeFILE PHOTO - 435 words
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Article, Illustration476 2006-07-11 2 PAULINE NG - By PAULINE NG in Kuala Lumpur INVESTORS are betting that companies with large landbanks in or around Malaysia's proposed South Johor Economic Region (SJER) will emerge winners. Ahead of the unveiling of the SJER masterplan by Prime Minister Abdullah Badawi expected this476 words
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Article538 2006-07-11 2 Richard Li's PCRD sells PCCW stake for HKs9.l6b PACIFIC Century Regional Developments (PCRD) boss Richard Li is selling the company's 23 per cent stake in crown jewel PCCW to Hong Kong financier Francis Leung for HK$9.l6 billion. In a statement faxed to BT late last night, Mr Leung,538 words
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Article, Illustration590 2006-07-11 2 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] United Overseas Bank has sold a smallish freehold office building at 60 Robinson Road, opposite Lau Pa Sat, for $42.9 million or $1,000 per square foot (psf) of existing net lettable area. The buyer intends to spend $12 million refurbishingFILE PHOTO - 590 words
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Article, Illustration823 2006-07-11 3 SIOW LI SEN - Stake sold by PCRD, the S'pore-listed vehicle of HK tycoon Richard Li By SIOW LI SEN thermore, the opportunity for PCCW to develop its partnership with China Netcom presents many exciting possibilities," he added. There was no word on how hisREUTERS - 823 words
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Article, Illustration65 2006-07-11 3 Food, with love from football WINNERS: (from left) Co-founders of Food from the Heart Henry and Christine Laimer receiving a cheque for $128,000 from Milton Tan. general manager. Philips Singapore. andßT editor Alvin Tay in the wee hours yesterday morning. The amount was the total contribution of 32 senior executivesARTHUR LEE - 65 words
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Page 2 Advertisements
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Advertisement47 2006-07-11 2 4:#'' C> Gem of Trendsetting Chinese Cuisine Exquisite Dinner Menus from $48+++ Reservations: 6877 8188 I A D bib The Fullerton Hotel Hospitality Asia Platinum Awards 2004-2005 Restaurant of the Year Best Chinese Cuisine Restaurant Wine Dine Top Restaurants Singapore Tatler Best Restaurants Turn) Lok GroufJ www.tunook.com47 words
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Advertisement27 2006-07-11 2 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. MATS NOTICES S 327 words
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Advertisement9 2006-07-11 2 people Roaming Asia-Pacific. Www thepeopliMtwork com Asin-P.icitu executive Search9 words
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Advertisement62 2006-07-11 3 Undisputed Italian perfection. Ami— tktulX#J<>V Zjsa^* Jm W^fiHn'H^vJ? ir m4msM r° ~<" ■< V V 1." -> View the exhilarating perfection of the Alfa 166 at our roadshow. [BfßW^fff^ffi^^BiS^^^^^^^B^BßlHffffl^B Date: 11 -13 July 2006 Venue: Far East Square, outside Planet Fitness ■■■■■■■■IfellflHHHHHW^^H Time: 10am 9pm 0...„„ rv«™, c inl>a^rB R62 words
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COMPANY NEWS
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464 2006-07-11 4 KRITI SINGH - Stake costing up to US$300m is part of an iron ore project deal By KRITI SINGH NOBLE Group is in talks to acquire 10 per cent of Australia's Fortescue Metals Group for up to US$3OO million as part of a464 words
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753 2006-07-11 4 SAMUEL EE - HOCK LOCK SIEW By SAMUEL EE YESTERDAY'S taxi fare hike may be welcome relief for cabbies smarting from surging diesel costs, but it will not raise the profitability of the two listed transport operators. Taxi drivers are the sole753 words
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Article5345 2006-07-11 4 UNIT TRUSTS FUNDS ACMGI Amer Income BT USD 8.4/ ACMGI Amer Income A USD 437/ ACMGI Amer Income 1 USD >37/ ABM Amro Asset Mgt (S'pore) ACMGI Amer Income A EUR 6.52/ Star Europe Eqty!** 0.935/ ACMGI Amer Income 8 EUR 6.52/ Star Europe Bond 1.1671 A04Q Eimp Income Opp5,345 words
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564 2006-07-11 6 MATTTHEW PHAN - Project is its first large-scale undertaking in Beijing By MATTTHEW PHAN 810-Treat Technology has won a contract to build and operate an underground wastewater treatment plant in Beijing. The total investment cost of the project is estimated at 110 million yuan (5521.7564 words
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Article, Illustration334 2006-07-11 6 LESLIE YEE - He has acceptances representing just 1.1987% of shares By LESLIE YEE AS widely expected by market players, tycoon Oei Hong Leong's takeover offer for NATSTEEL Ltd has failed., Mr Oei's investment vehicle, Oei Hong Leong Foundation, secured acceptances representing just 1.1987 per334 words
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446 2006-07-11 6 UMA SHANKARI - By UMA SHANKARI CDL Hospitality Trusts, which is sponsored by City Developments' subsidiary Millennium Copthorne Hotels (M&C), has priced its initial public offering of 425 million units at 83 cents each for a total of $352.75 million. The final prospectus of446 words
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Article, Illustration259 2006-07-11 7 Land transport giant buys stake in Flightlink Int'l for £490,000 TRANSPORT provider ComfortDelGro Corp said yesterday it has bought 70 ordinary shares representing a 70 per cent stake in London-based private hire car operator Flightlink International for £490,000 (551.43 million). The purchaseFILE PHOTO - 259 words
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COMPANY BRIEFS
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55 2006-07-11 7 SARIN Technologies has warned that its net profits for the quarter ended June 30 are expected to be lower than that of the preceding quarter and that of a year ago. This is due to the slowdown in the global diamond industry. However,55 words
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53 2006-07-11 7 BRILLIANT Manufacturing is expecting a loss for its third quarter ended June 30 due to a sharp decline in hard-disk drives sales. But it expects FY2OG6to remain profitable. The weaker disk drive sales was due to the expected discontinuation of products lines by53 words
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51 2006-07-11 7 BBR Holdings (S)'s subsidiary, Singapore Piling Civil Engineering Pte Ltd, has been awarded a $6.6 million, 12-month contract by the Singapore Red Cross Society to build a four-storey Singapore school at Hulhumale, Maldives. It will be part of the redevelopment project for tsunami victims51 words
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42 2006-07-11 7 UNITED Overseas Bank Limited (UOB) said Overseas Union Holdings (Aust) Pty Ltd, a wholly-owned subsidiary, has commenced member's voluntary liquidation. The liquidation is part of the ongoing rationalisation of the operations of the UOB group of companies.42 words
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47 2006-07-11 7 ASL Marine Holdings' subsidiary, ASL Shipyard, has secured a US$6.B million shipbuilding contract to build a self-elevating barge with Swiber Offshore by fiscal year ending June 30,2007. It is expected to have a positive financial impact for the year to June 30,2007.47 words
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52 2006-07-11 7 ADVANCE SCT's voluntary offer for Green World Holdings closed yesterday with valid acceptances, including those from concert parties, representing a 69.8 per cent stake. The offeror's stake is now 98.6 per cent, up from 28.8 per cent. It intends to seek a delisting of52 words
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305 2006-07-11 7 OH BOON PING - By OH BOON PING REAL estate company Mapletree Investments, the sponsor of Mapletree Logistics Trust (MapletreeLog), has clinched a $32 million warehouse development project in the Tianjin Airport International Logistics Zone. Under the agreement, Mapletree will develop three blocks of two-sto-rey ramp-up warehouses305 words
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Page 4 Advertisements
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Advertisement33 2006-07-11 4 AllianzGI RCM Global Twin-Focus Fund a fund that offers yon twin benefits Allianz (jfi) I °f potential quarterly payouts and limits possible downside. Visit OCBC Bank for Globa| )nvestors I more details. I33 words
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Page 5 Advertisements
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Advertisement541 2006-07-11 5 |^iaj 1 Event Pate ft Time f|■ Public offer (ATM (5 opens 11 July, Tuesday, 8.00 a.m. v jfeif'?" Public offer (ATM) closes 17 July, Monday, 12.00 noon Trading commences on a "ready" basis® 19 July, Wednesday, 2.00 p.m. Subscribe now at any DBS/POSB, OCBC or UOB Group ATM. Applicants541 words
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Advertisement101 2006-07-11 7 British Virgin Islands KVl3pl|l2l|l4 Cayman Islands Bahamas Mauritius Hongkong i 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 contact: J Angela Nicolson or Marie Lim OFFSHORE CORPORATE SERVICES101 words
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Advertisement270 2006-07-11 7 Q: Why do I need wealth management? A: Allow me to start by asking if your wealth legacy is built to List successive generations? If not, you need wealth management to ensure that future generations will inherit your legacy. Q: How will wealth management help me? A: At the outset,270 words
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SINGAPORE MARKETS
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Article, Illustration556 2006-07-11 8 TEH HOOI LING - STOCKS ST Index swings between a loss of 23 points in the morning and a gain of 11.4 points in the afternoon TEH HOOI LING Senior Correspondent IT WAS a see-sawing session for the Singapore market yesterday, with prices coming under pressure right fromSource: Bloomberg - 556 words
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Article, Illustration1016 2006-07-11 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 10 and earlier) SobHRtUI No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Par Before After Stock Pate Director Set '000 ShrS C000) (000) Asian Micro 10-Jul-06 Lim Kee Liew Buy 295 0.06 ***** 25.17 ***** 25.26 Link Hi Hldgs 7-Jul-061,016 words
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Article, Illustration874 2006-07-11 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Noble Group My 10 dot* SSI.IO UOft KAY MAN, My 10 THE management has reinforced its strategy of investing in selected markets to produce operating efficiencies and create new profit points. The construction of a grain terminal at Timbues, Argentina (which started operating inSource: Bloomberg - 874 words
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Article, Illustration539 2006-07-11 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar tumbled to lows not seen in a month or more against several counterparts including the Singapore dollar before trimming its losses yesterday, pressed down by last Friday's shabby US jobs number for June.Source: Reuters - 539 words
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SINGAPORE NEWS
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Article, Illustration558 2006-07-11 9 CLARENCE MICHAEL - Other deals in the pipeline from trip led by Spring for logistics companies From CLARENCE MICHAEL in Dubai A US$3O million deal to supply construction aggregates to the United Arab Emirates is one outcome of a visit by a Spring SingaporeREUTERS - 558 words
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SINGAPORE ROUNDUP
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55 2006-07-11 9 PRIME Minister Lee Hsien Loong sent a congratulatory message yesterday to Dr Jose Ramos-Horta, the newly appointed Prime Minister of the Democratic Republic of Timor-Leste. Nobel Prize winner Dr Ramos-Horta became PM of Timor-Leste, which has recently seen violence and political unrest after55 words
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68 2006-07-11 9 THE Housing and Development Board yesterday launched a new issuance of notes under its $7 billion medium term note programme. The issuance has two series of notes a $400 million, 5-year fixed rate note issue with a coupon of 3.805 per cent a year68 words
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Article42 2006-07-11 9 REAR-ADMIRAL (Retired) Kwek Siew Jin will be appointed President of the National Council of Social Senices (NCSS) for a two-year term from Aug 1, NCSS said yesterday. The vice-president of NCSS since 2004 will replace Gerard Ee.42 words
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43 2006-07-11 9 SMRT said yesterday that it will adjust its taxi fare structure to help its taxi hirers raise their income, from July 17. The revised fare structure will match that of ComfortDelGro, which took effect yesterday43 words
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Article, Illustration362 2006-07-11 9 JAMIE LEE - Seminar part of consultation initiated by MOM By JAMIE LEE THE push to boost health and safety at work got a boost yesterday as about 250 professionals met to discuss ways to raise standards. The seminar was part of a four-month consultation series362 words
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175 2006-07-11 9 NATIONAL Trade Union Congress (NTUC) and SIM University signed a memorandum of understanding yesterday to double the number of sponsorship places offered to NTUC union members under the NTUC-SIM University Sponsorship scheme. Twenty union members will now be able to pursue degree courses with175 words
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144 2006-07-11 9 IN the wake of an increasing interest in Islamic products, Berita Harian will be holding its fourth financial planning conference, "Islamic Financial Planning". Guntor Sadali, editor of Berita Harian. said: "The theme Islamic Financial Planning has been chosen as there is a growing interest in144 words
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154 2006-07-11 9 AFP [SINGAPORE] Singapore yesterday said it was easing rules on flying the national flag. The government said that residents would be allowed to fly the red and white banner at their homes on a trial basis from mid-July until the end of August withoutAFP - 154 words
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Page 9 Advertisements
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Advertisement1896 2006-07-11 9 ftp If GP Batteries International Limited (Company Registration No. *****2111N) j (Incorporated in the Republic of Singapore) I Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International I Limited ("the Company") will be held at Marina Mandarin Singapore, Pisces Aquarius Room,1,896 words
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Page 10 Advertisements
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Advertisement348 2006-07-11 10 V W IB fl IB I I BV K IB MH M W iVTVJSBH^^^I^^V An exclusive seminar by Lianhe Zaobao and OCBC Bank to put you on the Pulse of Success! Join us for valuable insights by the experts. Sign up now, registration is free! xYES! I would like to348 words
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SME spotlight
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Article, Illustration1098 2006-07-11 10 JURENA CHAN - But that's not enough for Eng Leong, which is venturing into new areas that it deems a logical extension. JURENA CHAN reports JURENA CHAN IMAGINE having royalty and state leaders as your loyal customers. Wouldn't dream of it, you might say. Well, not so forARTHUR LEE - 1,098 words
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Article, Illustration929 2006-07-11 12 UMA SHANKARI - SMALL CAPS The company is pursuing several technology-related businesses in China that it believes will reap rewards, writes UMA SHANKARI UMA SHANKARI EARLIER this year in January, Multi Vision Intelligent Surveillance sold off its entire networked video security business to Nasdaqlisted Verint Systems a moveAP - 929 words
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322 2006-07-11 12 TEH HOOI LING - By TEH HOOI LING MARKET sentiment in Singapore has improved, leading to firmer stock prices. Our small-cap portfolio has also benefited from the return of buyers, and ended last week under one per cent firmer. The UOB Sesdaq Index meanwhile gained 1.1 per cent, while322 words
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EMPOWERING SMEs
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Article, Illustration888 2006-07-11 11 CHEN HUIFEN - New trends in global trade are prompting SMEs to look beyond traditional financing tools. CHEN HUIFEN reports CHEN HUIFEN MORE small and medium enterprises here are broadening their financing options, going by a recent study. For instance, 39 per cent now use trade financing tools, according888 words
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100 2006-07-11 11 Empowering SMKs is a nve-part series where readers are invited to submit their questions each week. E-mail your questions on today's topic to cbgspore@citigroup.com with contact no, mailing address, company, occupation). The first 50 respondents will receive a each week is and Lucky Draw100 words
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Article, Illustration513 2006-07-11 11 CHEN HUIFEN - By CHEN HUIFEN MILNE International Pte Ltd may be a relative newcomer in the plywood trade, but that hasn't stopped it aiming high. Barely five years after the company set up, managing director Mikell Koh is looking to raise annual revenue toYEN MENG JIIN - 513 words
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Page 11 Advertisements
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Advertisement305 2006-07-11 11 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 customers305 words
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Page 12 Advertisements
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Advertisement6 2006-07-11 12 *■>*«■• sifc^jp^^ >« 1 jl? j I 16 words
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Advertisement182 2006-07-11 12 LOST SHARE STOCK CERTIFICATES) Notice is hereby given that Ihe tatowrtng share stock certHcatsg have been reported MASIA PACIFIC BREWERIES UMTTEO (incorporated m omgaport) Name CertHtoatoNoa Number of shares Tan Boon Eong, Deceased, Estate of *****7 1,000 *****3 1.000 *****6 2,000 CH OFFSHORE LTD flneorporaM In Singapore) Nine CertWcateNo ffrimfry182 words
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WORLD CUP 2006
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Article, Illustration924 2006-07-11 13 MATTHEW PHAN - By MATTHEW PHAN AS THE World Cup reached its fitting finale early yesterday morning, executives and journalists gathered to watch Italy and France battle it out at the Business Times-Philips World Cup Fund bash. There was hooting, there was cheering, thereARTHUR LEE - 924 words
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Page 13 Advertisements
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Advertisement13 2006-07-11 13 it World without TV. -i *f jpf l www.philips.com/fifaworldcup i rHNHHI Jhl^l^^^l I^l13 words
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ECONOMY WATCH
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636 2006-07-11 14 More controls on investment projects; interest rates may also rise Reuters [BEIJING] China plans to take further steps to slow down some fast-expanding industries, a senior government official was quoted as saying yesterday. The government will start issuing June economic data from this week, whichReuters - 636 words
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617 2006-07-11 14 Bloomberg [NEW YORK] Federal Reserve Chairman Ben S Bernanke isn't the only central banker having trouble lately communicating with the markets on interest rate policy. European Central Bank (ECB) officials are contradicting each other about the need for a half-point rate increase. Bank ofBloomberg - 617 words
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Article, Illustration58 2006-07-11 14 A South Korean protester being blocked by riot police officers during an anti-free trade agreement (FTA) rally in front ofShilla Hotel in Seoul, the venue for FT A meetings. Top US and South Korean negotiators met yesterday for a second round of FT A talks amid heavy securityAP - 58 words
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328 2006-07-11 14 Reuters [TOKYO] The Bank of Japan, which is widely expected to raise interest rates for the first time in six years on Friday, will likely upgrade its assessment of the economy in a monthly report due the same day, saying the economy is "graduallyReuters - 328 words
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469 2006-07-11 14 IHT [BANGALORE] India's decision to block sales of stakes in stateowned companies could crush investor sentiment as it raises fears that the country's larger programme of economic changes will get bogged down in politics. Last week, Prime Minister Manmohan Singh said the privatisationIHT - 469 words
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Page 14 Advertisements
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Advertisement12 2006-07-11 14 M H fjfl Mfl H L'L^H I SYNOPSIS onAuT^^^^^^S^aMiM^— please ZaobaoBUSINESS I12 words
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MALAYSIA/INDONESIA
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Article, Illustration374 2006-07-11 15 A special team will study rules on such zones implemented in other countries [JAKARTA] The Indonesian government is planning to create special economic zones (SEZs) in the country following the success of such zones in other countries, The Jakarta Post quoted Coordinating374 words
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439 2006-07-11 15 Bloomberg [JAKARTA] PT Bumi Resources, which may complete the US$3.2 billion sale of Indonesia's largest coal mines today, said it will maintain revenue by doubling output from the oil and gas company it's agreed to buy. Bumi plans to double production atBloomberg - 439 words
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Article, Illustration542 2006-07-11 15 [KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia's banking giant, has stepped up integration of its various businesses and this year may just be the new growth phase of the banking group, says a report in The Starßiz. The tabloid said the signs of change occurredFILE PHOTO - 542 words
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321 2006-07-11 15 AFP [KUALA LUMPUR] Massive losses suffered by Malaysia's first ever Islamic bank in its last financial year were a result of bad credit management rather than wrongdoing, a senior finance official said yesterday. Bank Islam Malaysia, 40 per cent of which will beAFP - 321 words
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BRIEFLY ASIA
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Article70 2006-07-11 15 Reuters [BANGALORE] India's attempts to launch its heaviest satellite failed on Monday when the rocket carrying it went into a tail-spin about a minute after blast off and disintegrated, a space official said. Indian television channels showed the rocket bursting into flames after veering off itsReuters - 70 words
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72 2006-07-11 15 AP [KUALA LUMPUR] Malaysia's Parliament yesterday rejected an opposition bid to debate an ex-tycoon's claim that ex-prime minister Mahathir Mohamad forced him to buy a stake in the state-owned flagship carrier to bail out the government. Opposition leader Lim Kit Siang's application for an emergency debateAP - 72 words
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67 2006-07-11 15 AP [KUALA LUMPUR] Malaysians found without their identity cards in public face up to RM20.000 (558,660) in fines and three years in jail under a new government proposal, a news report said yesterday. People who lose their microchip-embedded cards will also faceAP - 67 words
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48 2006-07-11 15 Reuters [JAKARTA] State electricity firm PT Perusahaan Listrik Negara (PLN) yesterday invited investors to build three coal-fired power plants on Java island. Indonesian President Susilo Bambang Yudhoyono has issued a regulation assigning PLN to hasten the development of coal fired power generators by 2009.—ReutersReuters - 48 words
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Page 15 Advertisements
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Advertisement128 2006-07-11 15 Diners Club Card To apply, call 6416 0980 fiBflHH A World of Exclusive Privileges Treats Diners Club V" *International' THE FAMOUS MAN Over 8.4 million satisfied customers since 1971 meritus Home of the M X1 1A KIN Mandarin Chicken Rice est. 1971 r i= t; ,fi AWA For enquiries, call128 words
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Advertisement94 2006-07-11 15 Din* 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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GREATER CHINA/INDIA
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577 2006-07-11 16 Sources say rift between central bank, local govt over debt sharing a major hurdle Reuters [SHANGHAI] The highstakes battle for a stake in China's struggling Guangdong Development Bank (nay hinge on who takes responsibility for more than VS$6 billion in badReuters - 577 words
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171 2006-07-11 16 Bloomberg [NEW DELHI] An Indian business lobby group has recommended that the government remove customs duty on import of equipment used in making movies, create a fund to counter piracy and implement a uniform tax to boost the movie industry. "To provide impetusBloomberg - 171 words
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Article2261 2006-07-11 16 VOl General Corp .0.63 undi 57 Mil Ml W- room Genting 24.00 030 232 George Kent .0.51 undi 33 ASM Realty 1.45 -0.05 4 GHL Systems 0.25 0.02 ***** Abric .034 -0.01 21 GlobetronicsTech 0.31 -0.01 541 ACP Industries _...1.00 -0.03 77 Glomac «hd..._ 132 0.01 68 Advance2,261 words
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369 2006-07-11 16 Bloomberg [SHANGHAI] Shanghai Pudong Development Bank Co, the Chinese partner of Citigroup Inc, said first-half profit rose 30 per cent from a year earlier as an expanding economy fuelled demand for loans and other financial services. Net income increased to 1.59 billion yuan (*****.2Bloomberg - 369 words
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379 2006-07-11 16 Reuters [BEIJING] Fears in some circles that foreign direct investment in China's financial sector poses a threat to national security are overblown, a senior official said on Sunday. Xie Ping, manager of government investment agency Central Huijin, said the main security risks inReuters - 379 words
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Article, Illustration424 2006-07-11 16 Bloomberg AFP ITAIPEI] Taiwan President Chen Shui-bian's son-in-law, Chao Chienming, was formally accused of violating laws against insider trading, the prosecutors' office said yesterday. Prosecutors are seeking an eight-year jail term for Chao. a doctor at the prestigious National Taiwan University Hospital. "ChaoBloomberg; AFP; AP - 424 words
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395 2006-07-11 16 Economic Times [MUMBAI] India's electrical and electronic manufacturers could see exports to the European Union plunge by a third because of their failure to meet new standards on hazardous materials. On July 1, the EU introduced new restrictions on hazardous substance content in electricalEconomic Times - 395 words
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ASIA-PACIFIC/WORLD
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508 2006-07-11 17 Cap of 3m euros a day if firm continues to defy antitrust decision Reuters AP Bloomberg [BRUSSELS] The European Commission plans to raise the ceiling of future fines on Microsoft to 3 million euros (556.01 million) a day if the company continues to defyReuters; AP; Bloomberg - 508 words
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397 2006-07-11 17 LATEST US DATA Reuters Bloomberg [WASHINGTON] Inventories at US wholesalers grew a stronger-than-expected 0.8 per cent in May as higher stocks of petroleum and professional equipment offset leaner car inventories, a government report showed yesterday. The Commerce Department said the rise in inventoriesReuters; Bloomberg - 397 words
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388 2006-07-11 17 Reuters [FRANKFURT] German sports goods firm Puma sponsored a soccer World Cup winner for the first time when its top team Italy beat rival Adidas's partner France, giving a boost to sales prospects for replica shirts. The stakes were highReuters - 388 words
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Article, Illustration499 2006-07-11 17 AFP [SYDNEY] A dramatic public confrontation erupted between Australia's prime minister and his ambitious treasurer yesterday over an alleged promise to hand over power. Hours after Prime Minister John Howard, 66, denied making such a deal, Treasurer Peter Costello, 48, called a news conference toAFP; REUTERS - 499 words
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Article, Illustration404 2006-07-11 17 AP [TOKYO] Japan is considering whether a preemptive strike on North Korean missile bases would be an acceptable form of self-de-fence under the pacifist Japanese constitution, a government spokesman said yesterday. "If we accept that there is no other option to prevent an attackAP; REUTERS - 404 words
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Advertisement1154 2006-07-11 17 Sunray Holdings Limited NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sunray Holdings Limited ("the Company") will be held at Pisces/Aquarius Room, Level 1, Marina Mandarin Singapore. 6 Raffles Boulevard, Marina Square, Singapore *****4 on Thursday. 27 July 2006 at 9.30 a.m. for the following purposes: AS ORDINARY1,154 words
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AVIATION
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Article, Illustration518 2006-07-11 18 But it delivered 219 planes against Boeing's 195 jet deliveries AP Bloomberg [PARIS] Airbus, struggling to overcome delays to new aircraft, won 117 plane orders in the first half of the year, the company said yesterday less than a quarter ofAP; Bloomberg; REUTERS - 518 words
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329 2006-07-11 18 AFP [KUALA LUMPUR] Budget carrier Air Asia yesterday said a surprise move from Malaysia Airlines to offer discounts on domestic flights was unfair and a "total deviation" from an agreed plan to share those services. "We feel it is unfair. We feel we shouldAFP - 329 words
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Article, Illustration335 2006-07-11 18 AP AFP [MULTAN, Pakistan] A Pakistan International Airlines passenger plane crashed soon after takeoff on a domestic flight yesterday in eastern Pakistan, and all 45 people on board were killed, officials said. The Fokker F-27 twinengine aircraft slammed into a wheat fieldAP; AFP - 335 words
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251 2006-07-11 18 Bloomberg [SINGAPORE] Shandong Airlines Co, partly owned by China's largest international carrier, has agreed to lease two new Boeing Co 737-800sfrom Singapore Aircraft Leasing Enterprise, Asia's biggest plane lessor. The planes, which will be delivered from Boeing in the first half ofBloomberg - 251 words
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Article2158 2006-07-11 18 QTV MW ITA HMMT «T» UC2348 1650 ***** 2335 *»as ;g ££SS ill gg 1350 *JS*7 1850 OFB2 2215 LH9762 0635 *****8 1350 BA7381 1850 LW770 2345 L***** 0635 SQ326 1350 Offli ;2S run SQ25 0635 8A7305 2300 -i-L,. gig jgT? IH778 1555 0*5 2300 inMt2,158 words
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Page 18 Advertisements
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Advertisement121 2006-07-11 18 UlyjJ iilllßi LluillH IHHII HI HI II jj' iWßfliPnilili iW "T~ T'li II 11l Tiff BT/ZUJI Deals of the Week JP| London I $4,799 j $3,150 $729 (Gulf Air) (Thai Airways) (Royal Brunei) mnmm iushbb PASSES smamcusstm* mum Bangkok $1«S00 (Singapore $619 (Thai Airways) $148 (Swiss tntl) Rain mm nmmm121 words
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Page 18 Miscellaneous
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Miscellaneous197 2006-07-11 18 CRYPTIC CROSSWORD 1 Inexperienced mathematician's uplifting apparatus (6) 17 Contaminating minced pig's Eastern, 10 Diptera, 11 Draw, 12 2 Test again and again, then loin (8) Glory, 13 Hi-fi, 16 Eyeshot, 17 Otalchop up the coalfield (2-7) 19 Trained doctor touched poorly gia, 18 Tick off, 21 Molotov, 23 Ro--3197 words
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SHIPPING
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Article, Illustration478 2006-07-11 19 DONALD URQUHART - He cautions against rushing to technology-based solutions By DONALD URQUHART [SINGAPORE] The biggest challenge in supply chain security is knowing "what's in the box", according to the head of security for Neptune Orient Line's APL container division, who cautionedJAMES TOURTELLOTTE/US CUSTOMS - 478 words
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Article, Illustration406 2006-07-11 19 Bloomberg [LONDON] Greek shipowners are on course to spend a record amount on vessels in 2006 amid confidence that the booming economies of China and India will keep driving demand and as they replace ageing fleets. The world's biggest ship-operatingBloomberg; BLOOMBERG - 406 words
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Article280 2006-07-11 19 SGX *000 Julio s$ W- Vol CH Offshore .0.36 0.01 444 ChuanHup .034 -0.01 300 Cosco Corporation 1.32 0.02 2866 CWT Distnbution .0.60 -0.01 49 Ezra Hldgs -2-21 -0.02 359 Freight Links 0.07 unch 617 Grand Banks Yacht 0.91 -0.01 10 Java Holdings 1.33 -0.01 138 K1 Venture280 words
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460 2006-07-11 19 Bloomberg [HONG KONG] PYI Corp, an investor in Chinese ports, plans to spend HK$BOO million (Ssl62 million) by March 2007 buying terminals in eastern China to benefit from the country's surging demand for oil and other raw materials. The HongBloomberg - 460 words
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PORT SHOTS
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87 2006-07-11 19 AFP [SEOUL] South Korea's Daewoo Shipbuilding and H Marine Engineering said yesterday that it had won US$l.l billion in orders to build an oil rig and a drilling ship for Brazilian and US clients. Brazil's Petroserv SA has ordered the semi-submersible drilling rig whileAFP - 87 words
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72 2006-07-11 19 Bloomberg [LONDON] An association of sea port operators said a proposed European Union directive on air pollution may force ports to be closed, Lloyd's List reported. The proposed dit;ective, which may become law this year, would impose limits on levels of fine dust particlesBloomberg - 72 words
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135 2006-07-11 19 Bloomberg [ATHENS] Omega Navigation Enterprises, a shipowner that sold shares in New York and Singapore in April, said it took delivery of two product tankers and agreed to acquire a third by end July. The Omega Lady Sarah Panamax double-hull tanker, with a deadweight capacityBloomberg - 135 words
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216 2006-07-11 19 Xinhua [KUALA LUMPUR] The world's largest container ship Xin Los Angeles made its maiden call to Westports in Klang Port near here on Sunday. "Xin LA's arrival at Westports is a testimony of the growing bilateral trade between Malaysia and China," Malaysian Deputy PrimeXinhua - 216 words
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Page 19 Advertisements
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Advertisement1384 2006-07-11 19 NEW WAVE HOLDINGS LTD. ly (Formerly known os Now Wmt "technologi— IK V (incorporated In The Republic of Singapore) Company Reg. No *****6870Z NOTICE B HEREBY GIVB4 that the Seventh Annual General Meeting of the Company will be held ot 8 First Lok Yang Road, Singapore *****1 on 31 July1,384 words
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EDITORIAL & OPINION
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Article519 2006-07-11 20 EDITORIAL WHEN Malaysia proposed to build the gigantic Bakun Dam in the 1990s to supply 2,400 megawatts of electricity to Peninsular Malaysia via the world's longest undersea cable, it was derided as a grandiose idea with no regard for the environment and no understanding of519 words
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Article, Illustration751 2006-07-11 20 MATTHEW LYNN - THE BOTTOM LINE MATTHEW LYNN IT'S funny how so many late afternoon "meetings" have been scheduled in the past month. Could it have anything to do with the kick-off times for soccer's World Cup? Watching 22 guys hoof a piece of leather around751 words
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Article, Illustration931 2006-07-11 20 TAKATOSHI KATO - Although catching up with their neighbours, there still is a significant development gap By TAKATOSHI KATO AMID the tremendous economic advances that Asia has made over the past generation, the considerable progress of the Mekong region countries is sometimes overlooked. Cambodia, Laos andREUTERS - 931 words
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Article, Illustration1408 2006-07-11 21 TIGER TONG - A financial futures exchange and short-selling are expected soon By TIGER TONG ON JULY 5, the A-shares of Bank of China (BOC), one of the Big Four state-owned banks in China, debuted on the Shanghai Stock Exchange, closing at 3.79 yuan (75 Singapore cents),AP - 1,408 words
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592 2006-07-11 21 Caitlin Fua - LETTERS TO THE EDITOR Caitlin Fua Manager Corporate Communications Investor Relations StarHub WE refer to the editorial "World Cup viewing with low value added" (BT, July 6) and wish to clarify that Star Hub did provide valueadd in its comprehensive carriage of the World592 words
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179 2006-07-11 21 Gary Bennett - Gary Bennett Manager SE Asia Pacific FMC Technologies, Inc EVEN though your editorial "Qantas wins, but Australians lose" (BT, July 7) pointed out a real need for competition pn the transPacific route and SIA being continually rebuffed by the Australian government, should179 words
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Page 21 Advertisements
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Advertisement153 2006-07-11 21 HBVEYOUR Fax your letters to 6319-8277 or email them tobttetterOsph. com.sg or write to: The Business Times, SPH HQ, 1000 ToaPayoh 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 reserve153 words
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Article9890 2006-07-11 22 SGX MAINBOARD Transaction date: Jul 10 52-Wk Tel Last Vol Day UftQuote GrOtv Mv GrYW Nat MCjp low Code Cowpny Sale C000) Ugh law Buyer Sdkr Cw Wt SwJ 4 1 5716 1st Software 5c 2.5 2 3 10.1 13 6 3148 8Telecom US2c. 7.5 +0.5 10 7.59,890 words
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Page 22 Advertisements
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Advertisement69 2006-07-11 22 Welcome to (Ji it <)! lilt)»; -f I I: it lr'- i i tf i the VJi |t 1 if tiiit v ijl 111 r i- t i I- 1 l Make Out (;itv t' i ti l l'' /.<:< i .u (.'It K ,r> I' t It I- I69 words
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Article6065 2006-07-11 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local on la SS teUft dy %yt %*l **|f JU7 Iwdea Chang* Chan— Chang* Chanpa Chang* Oany MiUlnkiPRimnaiy MS M M *1 <3 M U ITTT Hula. HI J 9934 -01- JJ. JU M M W ***** <3J 14 00 61 046,065 words
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Page 24 Advertisements
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Advertisement1809 2006-07-11 24 UK COMTINEMT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NCX 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, Indonesia1,809 words
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Advertisement628 2006-07-11 24 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com Vtssa VOY U» MBfIWT SM UK MAO SAV Ml ORE TAMP* AHU 4Nta 4.4 M 17/07 09/00 11/N 22/08 26/00 24/01 TARAGO AM23 320Tm 4.4 M 07/01 31/00 04/00 13/00 17/09 15/00 itmtmtm UjiS 320Tm iM 24/00 20/00 20/00 03/10 07/10 05/10 New Y«fc628 words
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Page 25 Advertisements
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Advertisement602 2006-07-11 25 WAN HAI INTERNATIONAL PTE LID Nft **********0/1 VtrA ltfAll II A I lllirr TEL*****5M (14LINES) FA*6******3 \\M4 WAN HAI LINES Cw,o r S«vk»/lookfcgs D*d Ik. (1800) *****200 IIVHUII hlllk<# m TR: (OS) 3344UM FAX: (03) 3J4232H FBI 1H: (04) *****00 fUfc (04)*****99 Y J0H1R:(07)*****23HUL(07)*****21 SUilfclDJl) J29S47SIAX:|D3I)HWI4/1291J0S www wanhoi com sa602 words
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Advertisement1191 2006-07-11 25 VtSStL VQY 1 PEL I SIN KARACHI I DXB I OAO NHS PMM OIK KHOt IRAN SATTARI pa 1147 19/07 20/07 29/07 01/08 02/08 08/08 10/08 12/08 WAN KORDCSTAN PCL 8149 02/08 03/08 12/08 15/08 16/08 22/08 24/08 26/08 I KAN TAOATAOAII PCI 0131 13/08 16/08 23/08 1 28/08 129/081,191 words
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Advertisement751 2006-07-11 25 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VftStl VOY I SIN PJHAMO COLOMAO HSHIVA CQLOM6O IOTAFHWIIA YPWDB7 11 JUL 12 JUL It JUL 19 JUL 23 JUL |g a -an AISO ACQPTMG K1 TO COOM TUTKORW 4 GO* (Vl* COUMHO) MB UMDU (VM751 words
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THE BUSINESS TIMES SHIPPING TIMES
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4901 2006-07-11 26 This ETA ETA AdMrtlMr VmmI "D1» Titoptow ETA CTA AdyHwr Vessel Voyy T ftj£ wt SIN Datfn Nmm Name Number Number SIN Dcsrn Nam* Nana miaow numoar 31/07 08/08 TNS Shpg C0SC0 KARACHI 01<W *****250 To ABIDJAN (ABJ) 2003 Cote D'tvoire 03/08 15/08 IRISl4,901 words
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PROPERTY
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Article, Illustration701 2006-07-11 27 Professionals working in the city break tradition to move away from their families AFP [BANGKOK] Young Thai professionals are turning their backs on tradition and choosing to move away from their families and live independently in central Bangkok condominiums, causing a boom in theAFP - 701 words
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477 2006-07-11 27 Reuters [MELBOURNE] Australia's Centro Properties Group said it had agreed to buy major US mall owner Heritage Property Investment Trust Inc for US$l.B3 billion in its second significant US deal of the year. Centro's shares rose as much as 4 per centReuters - 477 words
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176 2006-07-11 28 Bloomberg [DUBLIN] Irish people are the second wealthiest in the world due to the country's decade-long property boom, said Bank of Ireland Pic in a report Ireland's privately owned assets are worth an average of almost 150,000 euros (*****,070) for every person in the country,Bloomberg - 176 words
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Article, Illustration501 2006-07-11 28 CLARENCE MICHAEL - Development project for island of Xiaomaidao to span 16 million sf By CLARENCE MICHAEL in Dubai DUBAI World, one of the world's largest holding companies with interests in property development, investment, marine services, commodities and ports and free zone divisions, has finalised a deal with501 words
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187 2006-07-11 28 Reuters [HONG KONGI Hong Kong will go ahead with a plan to open up to development most of the restricted area along the border with the southern Chinese city of Shenzhen, the South China Morning Post reported yesterday without citing sources. TheReuters - 187 words
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Article, Illustration429 2006-07-11 29 KALPANA RASHIWALA - Improvement in occupancy levels a result of strong leasing momentum By KALPANA RASHIWALA REFLECTING tightening office supply in Singapore, the vacancy rate for Grade A office buildings dipped further to 2.7 per cent in the second quarter the lowestFILE PHOTO - 429 words
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227 2006-07-11 29 Reuters [LONDON] British house price inflation picked up to 5.6 per cent in May from 5.1 per cent the month before, the government said yesterday, suggesting that a property market revival this year remains intact. While more recent figures for June from mortgageReuters - 227 words
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Article, Illustration421 2006-07-11 30 CDL, TID to preview The Oceanfront Sentosa Cove condo this week DEVELOPERS continue to roll out new residential projects for sale. Last week, Far East Organization began previews for The Clift the redevelopment of the current Nat West Centre at McCallum Street. And thisFILE PHOTO - 421 words
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Page 27 Advertisements
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Advertisement134 2006-07-11 27 Freehold; Land 98,309 sf ntuc East Coast Ave East Coast Terrace ta6 3-storey mixed landed zone \X gST High baseline GPR of 1.372 P»* 57 chu _r—3"""SsC-i rT"I Large site; rarely available V§\ —lyictona rLJ Double road frontage; regular shape "Tao Nan JnrCoflege "LJ Scti i 1 J> -Je* Closing134 words
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Advertisement1384 2006-07-11 27 ASIA DEKOR HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY QIVEN that the Annual General Meeting of Asia Dekor Holdings Limited (the "Company") will be held at Esplanade Room 1, Level 4, Carlton Hotel, 76 Bras Basah Road, Singapore *****0 on Friday,1,384 words
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Advertisement143 2006-07-11 28 Sentosa Cove SINGAPORE Byour own tropical paradise S 4••- J. k .i *.■kalL. w fe.. ,'k.;.: ttffirtfrnfniila i Tv f| Presenting The South Cove Collection By Special Invitation Only For Enquiries An Exclusive Auction of The South Cove Collection 12 Prime Bungalow Land Parcels Singapore: +65 6531 8501 Hong Kong:143 words
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Advertisement82 2006-07-11 28 |Q% Interest Instalment for Credit Card Available PRIME INDUSTRIAL SITE WITH REDEVELOPMENT POTENTIAL FOR SALE BY TENDER Address 81 Ptayfcrtr Road Tenure Freehold Land Area Approx. 10,740 sq ft Plot Ratio 2.5 Tender Closing: 3 Aug 2006, 3pm For tanctor document, ptoaM contact Bwnard Goh: 6326-1232 9780-9252 C 8 Richard82 words
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Page 29 Advertisements
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Advertisement336 2006-07-11 29 K, Parakou Building JL The ONLY brand new office tf building along Robinson Road Good view/good natural light f Typical floor plate of 5,360 sq ft Flexible VRV aircon system Available immediately for lease ISITaS ISmm *9n«H«u 9686*651 Mny SJm 62» 6«P PRIME COMMERCIAL FOR SALE BY 248 24C Cheong336 words
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Advertisement402 2006-07-11 29 FREEHOLD RESIDENTIAL SITE THOMSON ROAD (DIST.II) CONCORDE RESIDENCES I T FOR SALE BY TENDER «Jf| 'Site area: 34,092.57 sq ft f Tenure Freehold <#=PIE if I *Plot ratio 2.8 (up to max 36 storeys) *F ew mins walk to Novena MRT *Few mins drive to Orchard Road 'Opportunity to acquire402 words
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Advertisement249 2006-07-11 30 BBMWMMwiWIIWWBIIBIjB < office BuikSng Rental Occupancy Distance from (RMpersqfS Rate(%) PJTCM h '.W'i'.nill.HliW.. I V I 1 Oamansara Uptewm 3.70 4 I 2CP Tower 4.00 98 3 AmcotpTowerASß 130 J 85 11 KWIW *rnmkk 4.00 100 Our unrivalled range of markets indudes thousands of individual shares, plus FX and global249 words
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