The Business Times, 13 July 2006

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Total Pages: 32
1 32 The Business Times
  • 16 1 THE BUSINESS TIMES Thursday, July 13,2006 SINGAPORE B!Tcents online at http://lxisiness-times.asia 1 .com.sg MICA (l>) 099/03/2006
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  • 769 1  -  By LESLIE YEE, ANGELA TAN [SINGAPORE] The move by 1 Indonesia's central bank to restrict entities from owning a "controlling interest" in excess of 25 per cent in more than one bank will affect the existing holdings of Singapore entities and plans
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  • 757 1  -  More than 80% of funds under management last year sourced from abroad By CONRAD TAN [SINGAPORE] The Republic's fast-expanding asset management industry registered its fifth year of dou-ble-digit growth in .2005, boosted by a surge in interest from global investors in Asia's rapidly growing
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  • Page 1 Advertisements
    • 9 1 STOCK FOCUS Sunshine unfazed by cloudy weather PAGE 8
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    • 10 1 bizit Sdesforce.com to expand across Asia this year PAGE 28
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    • 97 1 PROPERTY n9M| Three Good Class ■MMdHfl Bungalows up for auction ■BH PAGE 1 <Jaeger-leCoultrp» •vv imTtPiIBI llMiMl m 1 lEV llCrfi I Ar I W Ifcrj. k »jpi| M.f' Mel I s f, j*\ y 7 _i i. *ftS j -'1...:.1-J,.. fcT-: kgy? -w-j-.rf J ws3jl> K- \'fe^ ]^§Smi i
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    • 45 1 B SINGAPORE INTERNATIONAL Bringing quality education toLiaoning pageii HSBBB^Bk!^ REUTERS AFTERMATH OF MUMBAI BLASTS India, S'pore going ahead with SEZs Unfazed by attacks, India eyes 8.5% growth •4 Indian shares close higher despite terror attacks PAGE 15 *****11 l B*BB7lB "*****4" MARKETS DIGEST PAGE 2
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  • TOP STORIES
    • 486 2  -  SCE will offer public sector services tailored to meet foreign needs By OH BOON PING [SINGAPORE] The government has set a new enterprise to export its public sector expertise and open up overseas business opportunities for Singaporebased companies. The Singapore Cooperation Enterprise
      486 words
    • 807 2  -  By VEN SREENIVASAN [SINGAPORE] Air New Zealand (AirNZ) has shocked the aviation industry by announcing yesterday that it will pull out of Singapore and suspend its daily operations to Changi from October ending 40 years of history. The airline is laying-off all 22
      BLOOMBERG  -  807 words
    • 135 2 sn 2,422.76 (46.85) ST INDEX FUTURES 2,424.00 (+6.00) siMsa 289.12 (+1.40) SIMSa FUTURES 290.70 (+3.20) MARKETS Wednesday Chang* KLSECOMP ***** >3.63 NIKKEI 225 15.249.32 -224.50 HANG SENG 16.522.21 +32.08 SET INDEX 686.02 +1.47 JAKARTA COMP 1.345.87 +1.92 MANILA COMP 2,231.68 -11.54 SEOUL COMP 1.296.69 -3.75 SHENZHEN B *****
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    • 499 2 GlC's portfolio shift may produce higher returns PLANS by the Government of Singapore Investment Corporation to shift more of its portfolio to emerging markets, commodities and hedge funds may produce higher—but more volatile returns. But given its long investment horizon and position of strength, GIC is well-placed to
      499 words
    • 725 3  -  GIC's strength, long-term view expected to help it ride out volatility By WONG WEI KONG [SINGAPORE] Plans by the Government of Singapore Investment Corporation (GIC) to shift more of its portfolio to emerging markets, commodities and hedge funds may produce higher but more
      725 words
    • 710 3  -  S'pore scores low on ecological efficiency index By ANNA TEO [SINGAPORE] The Republic has emerged near the bottom quarter of a new unofficial global ranking 131 st out of 178 countries, and the lowest ranked in Asia that measures people's well-being against how
      710 words
    • 569 3  -  By UMA SHANKARI [SINGAPORE] Kerzner International, which is partnering Capita Land to bid for the integrated resort (IR) on Sentosa, said yesterday it will invest more than US$l.5 billion in the project. The sum includes the cost of the land, which the government has fixed
      LAU FOOK KONG / ST  -  569 words
  • Page 2 Advertisements
    • 1179 2 ——mm———mmm^ SAddvalue Technologies Ltd (Incorporated In the Republic of Singapore) technologies Registration No. *****3037H NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at 190 Changi Road #02-02 Singapore *****4, on Friday, 28 July 2006 at 10.00 a.m„ to transact the following buslness:As
      1,179 words
    • 25 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. watoW NOTICES
      25 words
    • 25 2 people r r6 t u T includes Fortune 500 companies. WW7. th«-?pei >1 >!<-. ttlt ki .11' A'.'.l I 1 ic if I lltK'H St.IK I
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  • Page 3 Advertisements
    • 37 3 This could be called an expression of gratitude toward the most symbolic of Breguet's clients, one who greatly advanced become patron to the Queen. wilifeb.y. (Vail** da Joux), Switzerland, tal. +41 21 841 90 90 www.braguat.oom 2d
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  • COMPANY NEWS
    • 600 4  -  HOCK LOCK SIEW By CONRAD RAJ NOW that Internet telephony service provider Mediaßing has failed in its bid for Internet service provider Pacific Internet (PacNet), it is time for Vantage Corp to make good its promise to take control of PacNet. Vantage,
      600 words
    • 540 4  -  Judge throws out his claim, awards damages of $300 By CONRAD TAN A BITTERLY-fought, $3.75 million civil suit against three former executives and a fourth person linked to the much-troubled Accord Customer Care Solutions (ACCS) has come to a dramatic end, after a
      540 words
    • 5249 4 UNIT TRUSTS FUNDS ACMGI Amer Income BT USD 8.42/ D ACMGI Amer Income A USD S3# O ACMGI Amer Income B USD 8.3# 0 MM AM Aaot Mgt (S pore) ACMGI Amer Income A EUR 6.561 0 SttrEiMpeEqtyt** 0.931 ACMGI Amer Income B EUR 6.5® D St* Euope Bond 11®
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    • 367 5  -  Compensation, costs related to Solitaire affair are trade losses: IRAS By CONRAD RAJ SEMBCORP Industries (SembCorp) will be able to offset nearly $140 million in taxes over the next few years following its settlement of the disastrous Solitaire affair earlier this year. The company
      367 words
    • 250 5 THE auditors of education services provider Informatics Holdings, while saying its financial statements for the year ended March 31,2006 reflected a "true and fair" view, have drawn attention to a few matters. In the auditors' report, which was released by Informatics yesterday, the auditors referred to
      250 words
    • 178 5 Reuters CONTRACT chip maker Chartered Semiconductor Manufacturing climbed as much as 5.15 per cent yesterday to $1.43 a share, after UOB Kay Hian reiterated a "buy" call with a target price of $1.98. UOB Kay Hian said on Tuesday that Chartered will double
      Reuters  -  178 words
    • 450 5  -  Share trading suspended as offeror's stake tops 94% By LESLIE YEE SHARES of hotel and property group Overseas Union Enterprise (OUE) were suspended from trading yesterday after news emerged that the shareholding of OUE Realty and parties acting in concert with it in
      FILE PHOTO  -  450 words
    • 584 7  -  Firm adds copper recycling business alongside its circuit board testing unit By JEAN CHUA ADVANCE SCT, which tests printed circuit boards, has just completed the acquisition of a copper recycler, the much bigger Green World Holdings in terms of sales. It says it now
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    • 354 7 To complete by 2008, plant will be a first for Finland SINGAPORE'S Keppel Seghers, the environmental technology arm of Keppel Integrated Engineering (KIE), is continuing to show that local companies can compete in the global high-tech arena. It has won a $30
      354 words
    • 394 7 Reuters [HONG KONG] Shares of Pacific Century Regional Developments (PCRD) collapsed yesterday after it filtered out .that the company would be providing financing for the sale of its 23 per cent PCCW stake to the buyer, Francis Leung. PCRD shares tumbled
      Reuters  -  394 words
    • COMPANY BRIEFS
      • 50 7 MEDIARING yesterday entered into an agreement to buy all the issued shares in Net Plus Communications Pte Ltd, a Singapore-based ISP, for $9.5 million. Net Plus provides Internet access and IT consultancy services to corporate customers in Singapore including NTUC Income, ComfortDelGro Engineering and Isetan Singapore.
        50 words
      • 84 7 PAN Asian Water Solutions Limited (PA Water) said as there were fewer projects delivered in the first six months of 2006 compared to a year ago, and with share of losses from its subsidiaries, it will not be profitable for the first
        84 words
      • 66 7 ECO Water warned that it is unlikely to be profitable for the half year ended-June 30 after talcing into consideration lower gross profit margin derived from the municipal wastewater treatment projects in Malaysia. It is also adversely affected by fixed general
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      • 55 7 DATACRAFT, an IT solutions and services company, has landed contracts worth more than US$l million from Taiwan Mobile, the island-wide mobile and fixed-line communications group. Under these contracts, Datacraft has revamped the carrier's IT infrastructure for internal business processes, enhanced its data networking infrastructure
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  • Page 4 Advertisements


  • SINGAPORE MARKETS
    • 500 6  -  STOCKS Straits Times Index puts on 6.85 points as shares in general move within narrow bands R SIVANITHY Senior Correspondent SEMICONDUCTOR stocks and those from the China segment yesterday provided the main focus in an otherwise unremarkable session that saw prices moving within narrow bands
      Source: Bloomberg  -  500 words
    • 1009 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 12 and earlier) Subsantial No of Wee SHAREHOLDING Trans Shareholder/ Buy/ Share* Per Before After Stock Date Director Sefi '800 ShrS C—) COOP) BiLlntl 11-Jul-06 Quek Leng Chen *Buy 200 1.40 *****2 50.95 52™ Miyoshi 11-Jul-06 Sin Kwong Wah •Buy
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    • Article, Illustration
      921 6  -  Compiled by UMA SHANKARI (Jtac 1 July 12 des«: 550.745 CITIGHOW, My 11 WE DOWNGRADE the stock from "buy" to "hold", and tower our target price from 551.35 to Ss(hB4. Our semiconductor team recently concluded that an OSAT downturn will likely repeat starting from 4Q06 to 1Q07; Utac
      Source: Bloomberg  -  921 words
    • 510 6 CURRENCIES Reuters [SINGAPORE] Asian currencies were marginally weaker yesterday, on the eve of a two-day Bank of Japan (BOJ) policy meeting that could result in Japan's first rate rise in six years and cause the yen to rally. The South Korean won slipped
      Reuters; BLOOMBERG  -  510 words

  • Page 7 Advertisements
    • 223 7 We've moved to South Wing, Terminal I, Narita Airport. v is poised to offer you more convenience with shorter connection time, faster H check-in and better facilities at our new home. H To extend our hospitality, we give you two exciting privileges! Ry with us from Singapore to Japan, between
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  • STOCK FOCUS
    • 1206 8  -  'China's HDB' is upbeat because it sees great potential in Henan, a large province with 97 million people. It SIVANITHY reports R SIVANITHY CHINA property. Two words almost guaranteed to make investors sit up and take notice. Property, after all, has always held a unique
      FILE PHOTO  -  1,206 words
  • Page 8 Advertisements
    • 83 8 —hub M fl H a*ooijgj*iL g I |i| OttJ*a-&<- iatijUlaa J MM> HmOlm |f Ij 'Km EmmM if 1 p C e ly re g ar( j ec as the definitive source for incisive business analyses and accurate industry reviews, we could help strengthen your communication efforts like no other
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  • Page 9 Advertisements
    • 49 9 WORLDPR E M I E R E TOURBILLON ORBITAL ONE MINUTE FLYING TOURBILLON 60 MINUTE ORBIT CALIBER ***** BY CHRISTOPHE CLARET MOON PHASES AND WINDER ON THE CASEBACK EXCLUSIVE "FUEL GAUGE" POWER-RESERVE INDICATOR HAND-CRAFTED IN SWITZERLAND NO TWO WATCHES ALIKE PATENTED WORLD PREMIERE I I:irog^riK JEAN DUNAND PIECES UNIQUES
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  • SINGAPORE NEWS
    • 510 10  -  Republic also aims to be a hub for environmental financing By MATTHEW PHAN SINGAPORE is stepping up plans to tap alternative energy. Having recently allocated $330 million towards research in this sector, it is aiming to be a hub for environmental financing, and has
      FILE PHOTO  -  510 words
    • SINGAPORE ROUNDUP
      • 100 10 AS PART of the celebrations of Singapore's 41 years of independence,^ Monetary Authority of Singapore yesterday issued a set of commemorative coins. MAS said the coins symbolise Singapore's pride in attaining independence and the country's aspirations. The limited-edition coins, to be sold by The Singapore Mint,
        100 words
      • 57 10 Shell introduced a new diesel fuel yesterday designed to limit the formation of harmful deposits and protect vehicle engines from corrosion. Shell says it contains an anti-foam agent, which iaxi drivof s and otfrer>customers to fill a vehicle's tank more CWnptefMy.The ha#<toel is sold at
        57 words
      • 43 10 Staqgard Chartered bank haa appointed Tarek Anwar, a senior banker with more than 23 years in the industry, as the new global head of transaction sales. He will report to the Singapore-based group head for transaction banking, Karen Fawcett.
        43 words
      • 54 10 WOH Hup-Shanghai Tunnel-Alpine Mayreder Joint Venture was yesterday awarded the Land Transport Authority extractors' Challenge Shield at the authority's annual safety award convention. The contractor for Circle Line Stage 4 and 5 at Holland Village, Buona Vista and Kent Ridge Stations garnered the highest score from a
        54 words
    • 237 10 FOUR Singaporeans received awards at the PS2I "Innovative Ideas in the Public Sector" ceremony yesterday for their suggestions on improving the public service. The annual award recognises members of the public who give suggestions to improve public service. This year, the recipients' ideas
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    • 429 10  -  By WONG WEI KONG FURTHER beefing up its team to meet growing demand for wealth management services in Singapore and the region, Citigroup Private Bank here has hired market veteran Lai Hock Meng as a director, industry sources say. Mr Lai. 51, was
      429 words
    • 250 10 THE Food and Beverage (F&B) industry, which is undergoing major skills upgrading, is set to hire 85,000 workers by 2015, according to industry projections. The estimated 42 per cent growth from 60,000 workers today is based on current industry growth rates as
      250 words
    • 370 10  -  By SWATI CHAUDHARY SINGAPORE Management University is to offer a programme specialising in international trading to help meet demand for commodities professionals. liie university is collaborating with the trade-pro-motion body International Enterprise (IE) Singapore. In a survey last year of the 180 global
      370 words
    • 204 10 Bloomberg SINGAPORE said spending by business travellers may rise to 35 per cent of total visitor receipts by 2015, boosted by new convention centres. Business tourism accounted for 30 per cent of Singapore's $10.8 billion of tourism receipts and about 25 per cent of
      Bloomberg  -  204 words
  • Page 10 Advertisements
    • 1126 10 JURONG CEMENT LIMITED Company Registration No. *****0737Z (Incorporated in the Republic of Singapore) r NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty Third Annual General Matting of the Company will he £ekl oo Friday, I July 28, 2006 at 3.00 p.m. at Raffles Country Club, Banquet
      1,126 words

  • SINGAPORE INTERNATIONAL
    • 1213 11  -  Province in north-east China offers much investment potential to Singapore companies, reports CHUANG PECK MING CHUANG PECK MING LIAONING figures large in China's plan to revitalise its north-east-ern region and the province will be part of the country's next wave of growth in the
      1,213 words
    • 541 11 EtonHouse is confident there is demand with the growing number of expatriates working there AFTER three visits to Liaoning, Ng Gim Choo, founder and group managing director of Eton House International, is sold on the north-eastern province of China. Singapore-based EtonHouse, which is in the
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  • Page 11 Advertisements
    • 82 11 OnfrmHyfF* Date Wednesday. 26 kiy 2606 nttL l Time 8:30 am 4:00 pm Uj II onthefoflowrfngtopk* Thefußerton Hotel Matching Singapore* Strengtfcto US Martlet OppcxAfil l Fullerton Square 7%^^ Valueof l Singaporeo49l7B The fee Ssl2oondusfc»ofs% gstj M r- %y whr-ifTWfrrY^'H); v M rxMi n «h* li* illiiiii 1 1 ifA 1"*
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    • 29 11 ENTERPRISE DC BUSINESS TIMES SINGAPORE Singapore miMfitji. Tir' r I to you by E Singapore and Tha BurinasTbiias. E Singapore b an and Iwdurtryhaiping Singapore •ntarprtas export and Inhmitionrts*
      29 words

  • ECONOMY WATCH
    • 675 12 Growth last quarter cooled to 2.8%, half the first quarter's pace Bloomberg [NEW YORK] Rising interest rates and persistently high petrol prices will pinch consumer spending more than previously estimated, weakening the US economy for the rest of the year, according to the
      Bloomberg; BLOOMBERG  -  675 words
    • 254 12 AFP [BEIJING] China's efforts to rein in growth have had little effect and a further interest rate hike is the only choice available to the central bank, a leading state-run newspaper said yesterday. The China Securities Journal argued in a front-page story
      AFP  -  254 words
    • 506 12 AFP [PARIS] Global demand for oil will grow by 1.8 per cent in 2007 and increase by an average of 2 per cent annually during the five years to the end of 2011, the International Energy Agency forecast yesterday. The lEA
      AFP  -  506 words
    • 592 12 Reuters [LONDON] Britain's Gordon Brown may soon be prime minister and his close ally Ed Balls is the frontrunner to take the finance minister's place at the Treasury, pointing to little change to economic policymaking in the years ahead. Prime
      Reuters  -  592 words
    • 506 12  -  By ANTHONY ROWLEY in Tokyo A FORMER Bank of Japan (BOJ) official suggested yesterday that bank governor Toshihko Fukui step down amid controversy over his investment in a fund run by Yoshiaki Murakami, who has been indicted on charges of insider dealing.
      506 words
  • Page 12 Advertisements
    • 943 12 SUNLIGHT SUNLIGHT GROUP HLDG LTD (Incorporated in the Republic of Singapore) Company Registration No. *****6046G Notice of Stwnjh Annual Gnwal M—ting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at 150 Übi Avenue 4, Singapore *****5 on 28 July 2006, Friday, at
      943 words

  • MALAYSIA
    • 458 13 MAS files lawsuit in High Court against former chairman and four others AP Bernama [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) has sued its former chairman Tajudin Ramli for damages for breach of fiduciary duties. Four others were named as co-defendants in the suit
      AP; Bernama  -  458 words
    • 312 13 Reuters [KUALA LUMPUR] Malaysian gaming and power firm Tanjong pic will spin off its rapidly expanding power business if that would create more value for shareholders, the company's chairman said yesterday. Some shareholders have prodded Tanjong to separately list its power business,
      Reuters  -  312 words
    • 341 13 AFP [KUALA LUMPUR] Tony Fernandes, head of budget carrier Air Asia, will ensure the airline remain Malaysian owned and will not sell shares to Singapore investment company Temasek Holdings, a report said yesterday. Mr Fernandes, who has a majority stake in Tune Air
      AFP  -  341 words
  • Page 13 Advertisements
    • 295 13 H8W******19! M Diners To^cJi Farrfas+ic value You can enjoy salads, soups, ice cream, local desserts like ice kacang and tausuan plus fresh fruit for only $3*! With every order of a local or western delight from $6.90*. I Fishing for global seafood? Catch World of Seafood a feast that serves
      295 words
    • 32 13 fancy nomadic dining If #01-02, block 30 V dartequay (opp. fountain courtyard) river valley road Af 3W#O it Cut JlCongofianfrts£griff 40 Bar phone: 6339 0200 emal: enquky@thetert.com.sg E rroui Urn i 4
      32 words

  • GREATER CHINA
    • 528 14 Move seen as bid to start derivatives exchange in Shanghai Bloomberg [SHANGHAI] China will allow futures brokers to trade overseas and establish investment funds to spur development of its capital markets and unlock more of the nation's 15.4 trillion yuan (553.04 trillion) of
      Bloomberg  -  528 words
    • 322 14 Bloomberg [SHANGHAI] China Citic Bank, a banking unit of the nation's biggest investment firm, may sell a stake toJPMorgan Chase Co ahead of an initial public offering (IPO) in Hong. Kong, according to the China Business News. The bank
      Bloomberg  -  322 words
    • 288 14 Reuters [HONG KONG] The government here is to propose that any introduction of a goods and services tax (GST) would be accompanied by a cut in the standard income tax rate to 11 per cent, Jocal news-papers reported yesterday. The government is
      Reuters; REUTERS  -  288 words
    • 373 14 Reuters [HONG KONG/SHANGHAI] Industrial and Commercial Bank of China, the country's biggest lender, is poised to become the first company to list simultaneously in Hong Kong and Shanghai when it raises up to US$l5 billion later this year, sources familiar with the matter said yesterday.
      Reuters  -  373 words
    • 2136 14 VOl GeneralCorp -0-62 unch W Mil WW- fBB8) Gerrtmg 34.20 0.10 36 George Kant ..0.52 0.02 174 AtMRealty 1.39 -001 5 G HI Systems 436 -0.01 6158 Abnc —035 441 50 GlobetroniaTech 431 unch 171 ACPIndurtrtas 1.00 0.02 125 GiomacBhd 122 unch 123 Advance Synergy Q31 0.01 168
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  • Page 14 Advertisements
    • 1038 14 CIHLtd CIH Limited Incorporated in the Republic of Singapore Co. Reg. No. *****635H Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Pisces Aquarius, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4 on Friday,
      1,038 words

  • INDIA
    • 509 15  -  AFTERMATH OF THE BLASTS By WEE LI-EN {SINGAPORE] The terrorist attacks on financial capital Mumbai will not be allowed to deflect India from its larger objectives, the deputy chairman of the Planning Commission of India said yesterday. "Terrorism is a threat to all
      LAU FOOK KONG/ST  -  509 words
    • 522 15  -  Travel agents get few cancellations, bankers report little movement of money out of India By NOOR AISHA, MELISSA LWEE [SINGAPORE] The Mumbai bombings will not stop Singapore and India going ahead with plans to develop Special Economic Zones (SEZs) in India. This was discussed
      AFP  -  522 words
    • 474 15 Stock market unfazed by bomb blasts, closes 2.97% higher AFP Bloomberg Reuters [MUMBAI] Indian share prices closed 2.97 per cent higher yesterday, showing strong resilience a day after blasts on crowded consumer trains left more than 180 people dead, dealers said. They said
      AFP; Bloomberg; Reuters  -  474 words
  • Page 15 Advertisements
    • 1718 15 yBTj :*at3 NOTICES Toll free: 1800-289-8822 Email: noticesw'sph.com.sg PU V 'T sF.Lv, |T r 'NC T In Hi# MaNar of The Companies Ad, Cap 50 And In lh* Matter of CREASIAN PUBLISHING fit LIMITED (CO. REG. NO. *****4M9W) (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN
      1,718 words

  • ASIA-PACIFIC/WORLD
    • 757 16 It can be fined up to 3m euros daily if it defies 2004 order by end-July Bloomberg Reuters [BRUSSELS] As it had threatened to do, the European Commission fined Microsoft hundreds of millions of euros yesterday for failing to provide information to
      Bloomberg; Reuters; AP  -  757 words
    • 42 16 [BRUSSELS] Deputy Prime Minister S Jayakumar with European Union foreign policy chief Javier Solana here yesterday. Professor Jayakumar was on a two-day visit to study the EU's integration experience, as part of the Asean Charter Eminent Persons Group (EPG).
      42 words
    • 253 16 Reuters [WASHINGTON] The US trade deficit widened less than expected in May, but the monthly petroleum bill hit a record U5527.9 billion as the price of imported oil showed the biggest gain in nearly 16 years, the US Commerce
      Reuters  -  253 words
    • 762 16  -  ASIA INSIGHT The political scene has shifted dramatically in Japan after Pyongyang fired its missiles last week ANTHONY ROWLEY Tokyo Correspondent AS IF it were not bad enough that North Korea lobbed half-a-dozen missiles towards Japan last week, Japan's Chief Cabinet Secretary, Shinzo Abe, countered
      762 words
    • 274 16 NYT [NEW YORK] The Securities and Exchange Commission, scrambling to find ways to cut the costs of complying with the Sarbanes-Oxley Act without gutting the act, said Juesday that it expected to propose a rule aimed at curbing costs. The commission published a "concept
      NYT  -  274 words
  • Page 16 Advertisements
    • 983 16 Circuits Plus Holdings Ltd (Incorporated in the Republic of Singapore) (Company Registration No. *****4583E) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Circuits Plus Holdings Ltd will be held at 8 First Lok Yang Road, Singapore *****1 on 28 July 2006 at 10:00 a.m. to transact the following
      983 words
    • 83 16 can assist you with offshore structures, shelf companies Virgin Islands Cayman islands Bahamas Mauritius Hongkong 'inn *■.UTT. 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: Angela Nicolson
      83 words

  • AVIATION
    • 745 17 EADS admits Airbus had clearly underestimated archrival Boeing Reuters Bloomberg [LONDON, STUTTGART] The year's biggest air show opens near London next week, with all eyes on planemaker Airbus and its secretive plans for an all-new, mid-sizbd plane to challenge resurgent rival
      Reuters; Bloomberg; AFP  -  745 words
    • 315 17 AFP [KUALA LUMPUR] The Cabinet has backed a plan to allow Malaysia Airlines (MAS) to offer discounts on domestic routes, despite strong opposition from budget carrier Air Asia, a senior minister said yesterday. Transport Minister Chan Kong Choy sai(i that allowing loss-making
      AFP  -  315 words
    • 105 17 Bloomberg [NEW DELHI] India said all airports in the country remain on high alert after seven blasts rocked Mumbai on Tuesday, killing 183 people and injuring 663. India is comprehensively reviewing all airport security, Home Secretary V K Duggal said yesterday. Terrorist threats to vital
      Bloomberg  -  105 words
    • LOG BOOK
      • 77 17 Bloomberg [SINGAPORE] Singapore Airport Terminal Services Ltd, the ground-handling unit of Singapore Airlines, said it handled 2.2 per cent fewer flights in June after losing discount carrier Tiger Airways as a customer. SATS handled 2.39 million passengers at Changi Airport in June, up
        Bloomberg  -  77 words
      • 51 17 AFP [BANGKOK] Thai Airways said yesterday it will fly direct from South Korea's second largest city of Busan to the Thai island of Phuket to meet rising tourism demand. The twice-weekly flights begin in October, in time for peak season in November.
        AFP  -  51 words
      • 60 17 Bloomberg [BEIJING] Beijing Capital International Airport Co, China's biggest airfield operator, handled 18 per cent more passengers in June than a year earlier as travel demand increased. The number of travellers usinfj Beijing airport rose to 3.96 million last month, the operator said. First-half
        Bloomberg  -  60 words
      • 70 17 AP [ISLAMABAD] Pakistan yesterday decided to ground all Fokker planes operated by state-run Pakistan International Airlines after one of the aircraft crashed near the eastern city of Multan this week, killing all 45 people on board. The decision that PIA should not fly the planes
        AP  -  70 words
    • 628 17  -  COMMENTARY By VEN SREENIVASAN IT MAY be somewhat of a stretch to read Air New Zealand's sudden withdrawal from Singapore as a dent to Changi's hub ambitions. After all, in the scale of Changi's operations, AirNZ is a small player; it operates just 14
      628 words
    • 2106 17 WWW m P» <005 OHO SQ43T2MB w 11« ggfc jgfff EM05 i?0 LW771 1750 AT808B 2215 S0493 0735 EK433 0300 ***** 1750 8A7382 2215 "lj2 2335 AF8087 1850 QR2 2215 233S 8A7381 1850 IH9770 2345 {flS owi 1850 sQ2a_fi4$ is; Hi —ffjlf Fnakfart AC9951 0635 LH6765
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  • Page 17 Miscellaneous
    • 349 17 CRYPTIC CROSSWORD for attention in school M* M* M" M' M" 4 Small child at first rebuked and rejected (8) 9 I I TT H*lTl 9 I am awfully mean and brutish 10 Tom cared about being an op- _JH lH ponent of tyranny (8) "jI I I I 111
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  • SHIPPING
    • 415 18  -  Move made in bid to tap the rapidly expanding trade in the Gulf region By DONALD URQUHART [SINGAPORE] Thai-listed container feeder operator, Regional Container Line (RCL), is expanding its Middle East coverage joining the growing number of lines that are moving to tap the rapidly
      415 words
    • 469 18 Bloomberg [SEOUL] In an early sign that shipping lines expect' US West Coast ports to be congested as the peak season approaches, South Korea's largest shipping line, Hanjin Shipping, plans to raise demurrage charges on customers who delay in picking up their
      Bloomberg; BLOOMBERG  -  469 words
    • 481 18 Reuters [CHICAGO] Oil tanker operator Teekay Shipping Corp expects tanker rates to remain "surprisingly strong" in the second quarter and beyond, fuelled by soaring oil demand, its top executive said. "Usually at this time of the year we see some weakening. but rates remained stronger
      Reuters  -  481 words
    • 197 18 [SINGAPORE] A meteoro-logical-ocean (Met-Ocean) information services provider has launched what is claimed to be the world's first Internet-based service that delivers Met-Ocean data to the shipping industry within the confines of a port The company behind the service, Info@SEA Pte Ltd, has launched
      197 words
    • 109 18 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's second-largest shipyard, said it had received two orders worth a total of U55.1.84 billion to build a drilling rig and a drilling ship. The Seoul-based company received an order for a semi-submersible drilling rig from Brazil's
      Bloomberg  -  109 words
    • 277 18 SGX '000 M12 S$ W- Vd ofofSwreTZZZZZols 6« ChuanHup.. .0.33 unch 496 Cosco Corporation 1.39 0.04 9799 CWT Distribution .0.68 0.08 1145 EzraHldgs 332 0.02 690 Freightuifcs. .0.07 unch 1954 Grand Banks Yacht .0.91 0.01 18 Jaya Holdings 134 0.01 227 Kf Venture 036 unch 1229 KeppHCorp 14.90
      277 words
    • 391 18 Bloomberg [TAIPEI] Nippon Yusen KK, Japan's largest ship owner, •won a 25-year contract to transport liquefied natural gas (LNG) from Qatar for Taiwan's Chinese Petroleum Corp, beating rivals Mitsui OSK Lines Ltd and Kawasaki Kisen Kaisha Ltd. The Taiwanese staterun oil and gas company is
      Bloomberg; FILE PHOTO  -  391 words
  • Page 18 Advertisements
    • 1291 18 Engineering (Company Registration No.: *****4337 C) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at No. 26 Woodlands Loop, #07-00 First Engineering Techno Centre, Singapore *****7 on Friday, 28 July 2006 at 9.00 am to transact the
      1,291 words

  • LOGISTICS
    • 520 19  -  Biggest growth over next five years expected to come from Asia-Pacific region: study By GEORGE JOSEPH [SINGAPORE] GLOBAL spending on 3PL (third-party logistics) services is expected to rise 50 per cent from last year's US$222 billion to US$326 billion in 2010. And, while the
      FILE PHOTO  -  520 words
    • 212 19 Bloomberg [DUBAI] Kuwait's PWC Logistics, the Middle East's largest logistics company, bought Switzerland-based Cronat Transport Holding to expand its European network. PWC paid US$27 million for Cronat, it said in a statement. Formerly known as Public Warehousing Co, PWC is listed in Kuwait and
      Bloomberg  -  212 words
    • 177 19 Bloomberg [LONDON] EWS Holdings Ltd, Britain's biggest rail-freight operator, said it is creating four divisions to attract more customers from industries including power generation and construction. EWS has about 5,000 employees. Its new EWS Energy, EWS Industrial, EWS
      Bloomberg  -  177 words
  • Page 19 Advertisements
    • 172 19 £XEL St/Wiy OM//V v J »r, t*> <;<»* ll N« $■;<? < V: .v'\ .■■■>." 14•• ;V\ v f -*7 r *-i_ J* s J > t k FROM AIR AND OCEAN FREIGHT THROUGH VALUE-ADDED SERVICES TO SUPPLY CHAIN MANAGEMENT. .J)-* I" |H H SB }|H 1 Iff 1 H
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  • EDITORIAL & OPINION
    • 525 20 EDITORIAL THE horrific carnage in India's commercial capital, Mumbai, on Tuesday once again provides a stark reminder of how important the gathering of intelligence is in the effort to pre-empt the terrorists. There can be no denying that India, more than most, has had ample
      525 words
    • 767 20  -  THE BOTTOM LINE YOGI AGGARWAL IT was the city dweller's worst nightmare. A series of explosions ripped apart over-crowded suburban trains at the peak hour as people returned home from work. But if it seemed a good way to create panic in the
      767 words
    • 1319 21  -  Recent Hamas attacks show Israel's security barrier fails to protect its people LEON HADAR Washington Correspondent SOME critics of the security barrier that the Israeli government has been constructing in the West Bank and Gaza have compared it to the infamous Berlin Wall that had
      REUTERS  -  1,319 words
    • 1014 21  -  By DANIEL GILBERT LAT-WP NO one seems to care about the upcoming attack on the World Trade Center site. Why? Because it won't involve villains with box-cutters. Instead, it will involve melting ice sheets that swell the oceans and turn lower Manhattan into an
      LAT-WP; REUTERS  -  1,014 words
    • 426 21  -  LETTERS TO THE EDITOR Rosalind Wong Institute of Certified Public Accountants of Singapore. WE refer to the letter "Why CFOs must be qualified accountants" by Quek Soo Beng (BT, July 7). The letter referred to a BT article published on June 28, 2006. We
      426 words
    • 238 21  -  Roland Mah Kah Eng MGI Ma Mah PAC, Singapore. I REFER to the letter "Why CFOs must be qualified accountants" by Quek Soo Beng (BT, July 7). I agree, yet disagree with some of his statements. I was a council member of ICPAS for
      238 words
    • 1435 20  -  Researchers focus on biofuels as soaring prices spur a search for alternatives G PANICKER RECORD oil prices are doing some good. They are driving the search for alternatives, with biofuels in the lead. Venture capitalists see opportunities in alternative energy and have invested
      AP  -  1,435 words

  • Page 21 Advertisements
    • 60 21 In Tho Ago H of Sclonc#? What Is Tho Most Direct Path To Ood-Realization? How Do You Exporlonco Tho Organised by The Hindu Centre (Tol: 6291 8540) Radha Madhav Satsang (Tol: 9796 0596) Visit www.radhesg.com for more information Releasing your financial results? Call 1800 289 8822 or email notiees@sph.com.sg to
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  • 7044 22 SGX MAINBOARP Transaction date: Jul 12 .sf-a. a a aya.-t a-'; 3 ■a w a a «ru.a*a.-t "a ,5 J.« rj£!2Su»ZZZZZ=Z" und. 120 7 7 7 I U U U M 335 16? IB 1II142 852 »2 MO 140 142 S2i 26 SB *4 145 W 5 ASonTv
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  • Page 22 Advertisements
    • 31 22 Le de depuis 1 Available at: nNi WATCHES NS3BEL HMon HoMIM:«73B 9071 *NeM Ann City T«i: 6733 0618 JJ"® H Lucky Plaza Tai: 6737 4646 Suntac City Mall Tel 6337 5160
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  • 5995 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES lalMtcan l»tt USJ dy %yt dy **r dy %yt Ki 11 lnb«m Q>«nq« Ch<np» Owiga Ownga Ovng« Chug* WaM Inta Ftemwy 9BU -0j6 13 -03 -Q.9 -0.6 43 I WtlVtWarY 9SM__^g5___1^__jM__2 7__5S__8J '■urcwfttWy 13a< -C9 2.7 -0.5 5.2 108 Paofc 90*3 06 <1
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  • Page 24 Advertisements
    • 1745 24 1 -V I^^^MSmaJiiimaimlinilE^^^^^^MMlflilMMiMßMgß^^^^^^M UK CONTINENT SERVICE U.S.A SERVICE I'* Destination Destination AFRICAN UON RDM/ATW/BMN/TIB/NAN SEAFRIEND CAM/NFK/SAV/NCX Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination > BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ORIENTAL RIVER INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT WIN HONEY INC/BSN Loads Singapore, E./W.
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    • 649 24 V&N WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.tom vcsa yor uw hbght mm i»c map say oal o«f TAMPA AM2I AWUm 6.4 M U/07 09/01 11/01 22/00 26/00 24/01 TAIAGO AH 23 3201«s MM 07/00 31/01 00/09 13/00 17/00 15/00 TAMERLANE AE62S 3201 mm MM 20/00 20/00 03/10 07/10 05/10 Ntw Y«h
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  • Page 25 Advertisements
    • 1165 25 WAN HAI INTERNATIONAL PTE LTD a NO; **********0^ 1 10:*****588 (14IMS) FA&*****163 T \k| Ml AM UAI I lIJEC CwtoimrServke/BoakhgsDfcwdUn-(1800)*****200 V Yl I VVMII rIHI LIHC J mm:wii4*ii«HUfcOTi»mw»iie:|o4>ii»s9ooi*i:i»«)2»*«»» V-— JBIIE:(#7)2SI»njfM:(O7)2JHniSMi«;(D3IU»S47Stt)tWI)3»27M/WIJOS —w wa .k.i ~m.. KT TOL (071) *****11 FAX: (Oil) 5J547MW118: 714M0/714>1 Kl *****9 www.wwwi.wwm a IB: 041)***** MI: (OH)4ISWK/414HW
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5241 26 This ITA ETA Advtrtkar VmmI V«yaf« Telephone ETA HA AAwtlur VkmI V oyy Tri€phon« SIM Oasfn Nam* Hmm Number Number SIM Ot»rtUmm Hmtm Number To DURBAN (DUR) 2118 South Africa To ABIDJAN (ABJ) 2003 Cote D'lvoire 20« 7 17/08 ChinaShpg NEWDNYAMIC 117A *****898 20/07
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  • Page 27 Advertisements
    • 1670 27 EASYCALL INTERNATIONAL LIMITED ARBN 070 569 023 NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given of the 2006 Annual General Meeting (the "Meeting") of the members of EASYCALL INTERNATIONAL LIMITED ("the Company") to be held at 63 Übi Avenue 1, #06-01, Boustead House, Singapore *****7 on Friday 28 July
      1,670 words
    • 2136 27 IcTnlcr Ur iiiuuoimLO GP Industries Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2128 C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited (the "Company") will be held at Pisces, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard,
      2,136 words

  • BizIT
    • 820 28  -  But among 6 Asian cities, it has highest implementation of mobility services, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SINGAPORE ranks second among a group of six Asian cities in a newly-com-piled ranking which measures how willing and ready companies are to embrace
      820 words
    • 386 28  -  By ROLAND LIM SUN Microsystems yesterday added two new servers and a new blade server platform to its line of server products using Advanced Micro Devices (AMD) processors. The three new products are all based on AMD's 64bit Opteron processors, and are compatible with
      386 words
    • 509 28  -  Reports by WINSTON CHAI WITH the Web-based model of delivering business software gaining steam across Asia, the leader in this genre, Salesforce.com, says it will continue its aggressive regional expansion this year, and plans to open up new offices and a local application
      509 words
    • 205 28  -  By AMIT ROY CHOUDHURY ACCORDING to the Mobility Readiness Index survey by Nokia, 82 per cent of Singaporean respondents think that making employees mobile increases productivity and leads to increased sales and services as well as better customer satisfaction. Among other key findings in
      205 words
    • 190 28 CONSUMER websites like Google and Yahoo have changed the way we surf the Web and search for information. The business software market is set for a similar sea change, according to Marc Benioff, chairman and CEO of Salesforce.com. "Why can't business applications be as easy as
      190 words
    • 448 28 AP [WASHINGTON] The US government will soon be sending warnings of national emergencies on wireless phones, websites and hand-held computers. The new digital system will update the emergency alerts planned but never used during the Cold War in the event of a nuclear
      AP  -  448 words

  • PROPERTY
    • 575 29 Increase in Reits have eased financing and powered the boom AFP [SINGAPORE] China and India are leading a revolution in the shopping centre industry in Asia but investors must have the business acumen, stamina and money to navigate regional markets, industry players said
      AFP; FILE PHOTO  -  575 words
    • 1574 29 PROPFRTY TRANSACTIONSBFTWFFM IINY4AND IIIIY11 ?00f, PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$'00Q) (Si) District 1 NON-LANDED People's Part Cplx Apt 23/06/2006 99 409 195 '477 The Sail At Marina Bay Apt 29/06/2006 99 893 799 894 TheSailAt Marina Bay Apt 19/06/2006
      1,574 words
    • 638 30  -  JLL: Cross-border investments have raised transparency of property markets By KALPANA RASHIWALA JONES Lang LaSalle's (JLL) latest Real Estate Transparency Index has listed Singapore under Tier 1 (Highly Transparent), up from Tier 2 (Transparent) in the last survey in 2004. The survey of 56
      638 words
    • 562 31  -  But retail sector enjoys healthy leasing demand and sales: study By CRYSTAL NEO RFNTS and capital values of industrial space have remained flat, while demand for prime retail space grew in the second quarter, according to a recent report. Property consultancy group
      562 words
    • 228 31 Reuters [HONG KONGI Shares in Hong Kong s property trusts should rebound by the end of the year, allowing a few shelved IPOs to go ahead, according to a banker who worked on a May deal that heralded this year's downturn. Citigroup's head of
      Reuters  -  228 words
    • 619 32  -  Plans will add 1,100 units to group's pipeline of 33,000 homes in China By UMA SHANKARI PROPERTY giant CapitaLand can't get enough of China. The company announced yesterday that it has agreed to invest in two residential projects in Beijing worth a combined
      619 words
    • 767 32  -  By KALPANA RASHIWALA SELLERS of the substantial detached houses known as Good Class Bungalows, or GCBs, are continuing to use auction sales to try to get the best price for their prestigious property. Knight's Frank's auction on Thursday next week will see three
      PHOTOS BY YEN MENG JIIN  -  767 words
  • Page 29 Advertisements
    • 217 29 T-I \>,V jS *Mk Lot: 24 6113T L Mk Lot: 24-5938W Total Site: *****.5 Sq Ft [3 Plot Ratio: 1.4 i?/ Subject Building Ht:sstorey Charles ■^■EJPPP99I!I!V!V!YSfIIHI^I viti« For more details Tender documents please contact N Stanley Koo *****785 ST AngelineKoh *****228 ERA PRIME FREEHOLD DEVELOPMENT SITE FOR SALE /c~m--z Prominent
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  • Page 30 Advertisements
    • 127 30 High rental and occupancy rates in Petaling Jaya I Office Building Rental Occupancy Distance from (RMpersqft) Rate(%) PJTC(km) i t Damansara Uptown 3.70 98 4 :i »*■«< 460 98 3 AmtnrpTowerA&B 3.50 8S 4 MenaraAxis 4.00 100 ■HMM 5 MenaraMerais 3.50 98 ~.'f 111 M I ml i n Iff
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    • 157 30 PRIME NEWTON RESIDENTIAL DEVELOPMENT SITE FOR SALE BY EXPRESSION OF INTEREST Makeway Avenue, IfcseK Makeway View ShttvtM i —'If 5 Extremely quiet locality 22Sf* Site area approximately i -JL' JSSf 4, 560 sqh \6\os Plot Ratio 2.8 A Height control up to 81 AMSL Well-connected to major transport routes 5
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  • Page 31 Advertisements
    • 1750 31 Land 29,281 sqft 1 :fX: Plot Ratio 1.4: 5 storeys Freehold Close to Kovan MRT, jjjjjj Pay a Lebar MGS, Market 24 /w/y '06 (Monday) 4pm t FIRST TREE PROPERTIES PTE LTD 4MSP& FIRST TREE 3 lshan placc *05-08 CPF Bishan Building S pore *****8 14ifar >*» Tel: fi2Sd 6312
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    • 174 31 ARDMORE PARK SUPER LUXURIOUS DEVELOPMENT SITE FOR SALE BY TENDER V. I Excellent address 1A ArdmorePork KM \A Quiet locality, ideal for super r luxury condominium if development Site area approximately S" 60,533 sa ft y Mtelvl Plot Ratio 2.8 47 rr** Height contTol °P to 36 //on, c Potential
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  • Page 32 Advertisements
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