The Business Times, 14 July 2006
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2006-07-14
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The Business Times
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Title Section15 2006-07-14 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http^/business-time&asial.com.sg MICA (P) 099/03/2006 Friday, July 14,200615 words
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666 2006-07-14 1 KALPANA RASHIWALA - URA enters new 30-year phase after having gazetted 6,560 mostly pre-war properties By KALPANA RASHIWALA [SINGAPORE] The Urban Redevelopment Authority is well into the next phase of its conservation journey after having gazetted about 6,560 mostly prewar buildings over the past 20 years with an estimated666 words
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613 2006-07-14 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] The Asia-Pa-cific syndicated loan market looks set for another record year given the region's booming economies and surplus liquidity, leading to cheaper financing for companies. "The Asian syndicated loans market is experiencing a613 words
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Page 1 Advertisements
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Advertisement12 2006-07-14 1 mmmmmm EXEC UFESTYU Jumping on the branding bandwagon ■■■■■Hi PAGE 27 i12 words
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Advertisement22 2006-07-14 1 COMMENTARY Lavish US CEO pay a moral Mure PAGE 18 View the pictures online at httpS/business-times.asia 1.com.sg 11l Markets Digest Pag* 222 words
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Advertisement85 2006-07-14 1 PIRATES OF THE CARIBBEAN A thrilling cinematic joyride WINE The quest for perfection PAGE 31 THE CFO INTERVIEW WhenStarHub proves its critics wrong PAGE 8 HEALTH In search of that dazzling smile PAGE 29 ENTERPRISE Inspiring a spirit of innovation 'backpage I "y- i i ,i <***.* I l £v&85 words
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TOP STORIES
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550 2006-07-14 2 CONRAD TAN - Meanwhile, European, US banks cite over-regulation as top concern By CONRAD TAN [SINGAPORE] The size and influence of global derivatives markets is the top concern in the banking industry here, according to a recent survey by accounting firm PricewaterhouseCoopers (PwC) and a550 words
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Article505 2006-07-14 2 Jade's launch this quarter may be delayed THE proposed launch of the Joint Asian Derivatives Exchange this quarter could be delayed following news that Bursa Malaysia will not license its crude palm oil prices to Jade. Jade Pte Ltd was set up by the Singapore Exchange and the505 words
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567 2006-07-14 2 JAMIE LEE - By JAMIE LEE [SINGAPORE] When it comes to charitable giving, Singaporeans are getting tighter with their money but freer with their time, 4gu>rding to vey results released by the National Volunteer Philanthropy Centre (NVPC). Released on Tuesday, the NVPC f gures show567 words
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Article127 2006-07-14 2 sn 239&64 (-26.12) ST INDEX FUTURES 2396.00 (-26.00) SNMSa 285*8 (-3.44) SIMSa FUTURES 285J0 (-4.90) MARKETS Thursday Changs KtSECOMP 928.55 NKKEI225 15.097.95 -151.37 HANG SENG 16J05.48 116.73 SET INDEX ***** -13.M JAKARTA COMP 1.334.03 -11.84 MAMHACOMP 2,261.57 +29J9 SEOUL COMP 1.285.02 -11.67 SHENZHEN B ***** -10.79 MUMBAIIND 10.858.50127 words
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566 2006-07-14 3 R SIVANITHY in Singapore, PAULINE NG - Bursa won't license CPO prices to Jade as approval has not been given By R SIVANITHY in Singapore, PAULINE NG in Kuala Lumpur THE proposed launch of the Joint Asian Derivatives Exchange (Jade) this quarter could be delayed following news that Bursa Malaysia566 words
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Article, Illustration603 2006-07-14 3 KALPANA RASHIWALA - Honours given by US-based Urban Land Institute By KALPANA RASHIWALA [SINGAPORE] The Urban Redevelopment Authority (URA) and Singapore-listed property giant Capita Land have bagged the Urban Land Institute (ULI) 2006 Awards for Excellence: Asia-Pacific, a prestigious international recognition for responsible land use. The URA603 words
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Page 2 Advertisements
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Advertisement95 2006-07-14 2 people Corporate matchmakers. -i'L -j I N 'J «ll' M\i «r J T ft >| 1 > 1« All 1 > s!< j I !-'I f I I I I I! I I >N< !l U' 'I Introducing our Signature C lub Rooms. A new le\el of lu\ur\ B and95 words
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Advertisement69 2006-07-14 2 Jf? (poverty needs an entrepreneurial and commercial Australian social .entrepreneur David Bussau j g was an abandoned child, r w 4jf |At age 15 he left the boy's 1 flbow; And started a sausage -lir sttfl&wtside a soccer Wjatelin, Bv 35. he had [fe jHHnlntoen businesses M- 9Hpfip&L The millionaire69 words
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Advertisement28 2006-07-14 3 ■kr 4 wJm} exclusively at A CORTINA WATCH ESPACE MILLENIA WALK. 65 *****728 CORTINA WATCH RAFFLES CITY SHOPPING CENTRE. 65 *****185 Gortina watch a— OQ v +.1 Wm28 words
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COMPANY NEWS
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Article, Illustration591 2006-07-14 4 OH BOON PING - BT exclusive Brilliant warns of possible 3Q loss on discontinued lines By OH BOON PING THE Seagate-Maxtor merger is showing signs of taking its toll on some of Maxtor's suppliers and causing a realignment of their business, analysts say. On.Monday, Brilliant ManufacturingFILE PHOTO - 591 words
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535 2006-07-14 4 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN THE issue of what to do with two key non-airline subsidiaries is likely to dominate the agenda when the Singapore Airlines board meets this month. Board members led by chairman Stephen Lee will have to squarely face535 words
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Article, Illustration519 2006-07-14 6 DONALD URQUHART - Agreements worth $183.73 m for land and facilities in S'pore and Batam By DONALD URQUHART [SINGAPORE] In a move that will expand its lucrative rig building and offshore engineering capacity, SembCorp Marine (SembMarine) has signed two conditional sale and purchase agreements worth $183.73 million519 words
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Article338 2006-07-14 6 LESLIE YEE - It announces 3.09 cents DPU for first quarter By LESLIE YEE ASCENDAS Real Estate Investment Trust (A-Reit) announced a distribution per unit (DPU) of 3.09 cents for the quarter ended June 30, up 9 per cent year on year. Revenue for the latest quarter338 words
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287 2006-07-14 6 KRITI SINGH - By KRITI SINGH SINGAPORE'S largest steel stockist, HG Metal Manufacturing Ltd, is acquiring a majority stake in Niho (Singapore) Pte Ltd for $1.5 million. HG Metal will fund the acquisition internally. initially acquiring 72.29 per cent of the enlarged share capital287 words
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Article4861 2006-07-14 6 UNIT TRUSTS FUNDS ACMGI Amer Income BT USD 8.42/ DM ACMGI Amef Income A USD 8.3% DW ACM6I Amef Income B USD 83# DW AM Aflira Asset Mgt (S'pore) ACMGI Amef Income A EUR— 6.61/ OW Star Europe Eqty!** 0325/ ACMGI Amef Income B EUR 6.61/ DW Star Europe Bond4,861 words
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Page 4 Advertisements
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Advertisement75 2006-07-14 4 fram? £7 Tfr-. 1 .Satin ;i w Bottle storage up to 189 Bordeux type bottles Fully equipped with 13 sliding shelves Double smoked UV Filtered Glass .JBiM Bacchus 290 Orchard Rd #B1 -13 Paragon Tel: 6734 4844 Corndale Consultants 37 Jin Pemimpin I #07-05 Union Ind Bldg Tel: 6354 123875 words
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Advertisement111 2006-07-14 4 >~ gjyQ22B£iSUßBUUSilel* IIHHHHHHHHHHIHB J Ji I f\? Ui^^Tlllßß I 4 Ten Japanese-bred Horses for Sale by Public Tender Tender commences: Thursday, 20 July 2006 Public Inspection of Horses at Kranji: Tuesday, 25 July 2006 (3pm to 6pm) Tender closes: 10pm, Friday, 28 July 2006 C: -1' ,wt v'- 1 -.X*111 words
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Advertisement5 2006-07-14 5 CapftaLand www.capitaland.com building for people5 words
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Advertisement27 2006-07-14 6 IP You can now use your CPF savings to invest in AllianzGI Global Allianz (fii) High Payout Fund. Visit our appointed distributors for more details. Global ,nves,ors27 words
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Page 7 Advertisements
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Advertisement217 2006-07-14 7 I To the successful RX 300 is now born a worthy successor. The New RX 350 arrives with the majestic torque to another with the most traction. So you can entrust the machine with your safety, while you power of a 24-valve 272bhp V6,3.5-litre, dual VVT-i engine. Assuredly, you will217 words
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CFO FOCUS
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Article, Illustration1416 2006-07-14 8 SIOW LI SEN - Its ability to post cable TV profit and handphone growth was doubted, says SIOW LI SEN SIOW LI SEN SO FAR, 2006 has been pretty good for Star Hub, as it continues to outperform its peers and the overall stock market, as well as1,416 words
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Article127 2006-07-14 8 AS chief financial controller, Kwek Buck Chye, who joined Star Hub in 2002, oversees fraud and risk management, corporate administration, business performance, purchasing and logistics besides his financial portfolio. Before Star Hub, Mr Kwek. 53, was CFO of Temasek Holdings' ST Telemedia, the telco's biggest shareholder. On what127 words
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Page 8 Advertisements
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Advertisement1180 2006-07-14 8 PDC CORP LTD y (Company Registration No. *****5292 D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of PDC Corp Ltd (the 'Company*) will be held at Seletar Country Club. Kingfisher l/ 11, 101 Seletar Club Road, Singapore1,180 words
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Advertisement37 2006-07-14 8 Get a Leading Edge Your sailing schedules get wider attention II in The Business Times shipping pages I I y 1 Call Bernard Ong at 6319-1 645 I I S or Michael Chng at 6319-2026 Shipping Times37 words
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COMPANY NEWS
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495 2006-07-14 9 CONRAD TAN - Short-term volatility expected ahead of results, says research team By CONRAD TAN LARGE, blue chip companies and oil-related stocks are investors' best bets to ride out the current volatility in the stock market, according to OCBC's equity research team. But the recent spate495 words
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COMPANY BRIEFS
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Article58 2006-07-14 9 CAPITACOMMERCIAt Trust (CCT) is moving ahead with its equity-fund raising exercise for the joint acquisition with Capita Mall Trust (CMT) of Raffles City following overwhelming approval from CCT's unitholders. Also approved is the proposed issue of new CCT units to raise up to $803.258 words
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44 2006-07-14 9 INSURANCE group Great Eastern Holdings has has appointed Morgan Stanley Dean Witter Asia (Singapore) as the independent financial adviser on OCBC's voluntary unconditional cash offer. As of yesterday, OCBC and related parties held 83.43 per cent of GEH.44 words
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Article25 2006-07-14 9 WBL Corp's Nasdaq-listed subsidiary Multi-Fineline Electronix has revised its Q3 net income guidance downward to US$7.5-8.5 million, from US$l2.2-13.6 million.25 words
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65 2006-07-14 9 HOTEL Negara's first-half net profit surged to $3.12 million, from the previous Hi's $542,000. This was helped by a $2 million rise in other gains, mainly from a special dividend from Overseas Union Enterprise (OUE). There was also an improvement in average room65 words
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730 2006-07-14 9 SIOW LI SEN - By SIOW LI SEN PACIFIC Century Regional Developments (PCRD) shareholders might have rejoiced too soon on Tuesday when they chased the stock up, only to see it collapse the next day when it dawned on them that the company is providing730 words
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203 2006-07-14 9 Bloomberg [BANGKOK] Advanced Info Service Pel, Thailand's biggest mobilephone operator, plans to borrow or sell bonds for as much as 25 billion baht (551.04 billion) to expand its network and pay off debt. The loans can also be combined with the bonds,Bloomberg - 203 words
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Article, Illustration537 2006-07-14 9 JEAN CHUA - They will ride on consumption play: brokerage DMG By JEAN CHUA CHINA'S push to make domestic consumption play a bigger role in the economy will help related companies that are listed here. Brokerage DMG Partners says in a report issued lateFILE PHOTO - 537 words
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Advertisement1632 2006-07-14 9 NOTICES Toll tree 1H00-289 8822 Fmail notices'-'sph com.sg IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF TAN HOLOMQB PTE LTD On Creditor*' Voluntary Liquidation) (Company Rag. No. *****0064H) NOTICE OF RESOLUTION At an Extraordinary Ganaral Meeting of tha members of the abovenamad Company1,632 words
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SINGAPORE MARKETS
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Article, Illustration544 2006-07-14 10 R SIVANITHY - STOCKS Straits Times Index sinks below 2,400, with China and technology stocks hit R SIVANITHY Senior Correspondent CHINA stocks took a hit yesterday, partly because of a regionwide sellofT that saw most markets end lower and in part because of 5 per544 words
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Article, Illustration1027 2006-07-14 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 13 and .earlier) Subsantial Mo of W« SHAREHOLDING Trans Shareholder/ Buy/ Shares Nc Wore Aft* Stock Pate PjwttOf Soft '000 Shr ('000) 000) Asia Enterprise 13-Jul-06 Chong Thim Pheng Buy 600 na ***** 5.05 iff?? ,1'?$ Asian Micro 13-Jul-06 Lim1,027 words
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Article, Illustration946 2006-07-14 10 UMA SHANKARI - Compiled by UMA SHANKARI lltac July 13 dose: $0,715 NOMURA MTL (HONG KONG), My 11 AT THE Nomura Asia Equity Forum, under way in Singapore, United Test and Assembly Center (Utac) made a presentation to investors on Tuesday, refreshing its view of the short- and medium-term outlook. 2Q06Source: Bloomberg - 946 words
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Article, Illustration505 2006-07-14 10 CURRENCIES Reuters [SINGAPOREI Asian currencies yesterday fell for the third straight day after the dollar rose on a smaller-than-expected US trade deficit for May, with weaker local stock markets and record oil prices also weighing. Analysts said Asian currencies could be volatileReuters; AP - 505 words
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SINGAPORE NEWS
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Article471 2006-07-14 11 MATTHEW PHAN - Figures show it is a misconception that SMEs are unable to give as much By MATTHEW PHAN AN INCREASING number of Singapore-based businesses are giving to charitable groups, while the latter should be adopting best practices from corporations, Claire Chiang, president of the Singapore Compact471 words
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Article, Illustration474 2006-07-14 11 UMA SHANKARI - By UMA SHANKARI CITY Developments, which launched its upmarket development The Oceanfront Sentosa Cove yesterday, said that it will develop another three high-end apartment projects within two years to capitalise on increasing prices in the luxury residential market in Singapore. The474 words
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325 2006-07-14 11 CHEN HUIFEN - By CHEN HUIFEN THE Agency for Science, Technology and Research (A*Star) and the British High Commission have jointly organised a conference to discuss ways to help elevate the importance of science in South-east Asia, with the eventual aim of reducing poverty and raising general standards325 words
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SINGAPORE ROUNDUP
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Article, Illustration94 2006-07-14 11 AN avid local collector has donated 500 picture postcards of Singapore dating from 1897 to 1941 to the Singapore Philatelic Museum, the museum said. This is the museum's first donation from a private collector. The items include Singapore's early picture postcards (see above),94 words
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80 2006-07-14 11 HSBC has appointed Sean Aston as head of trade finance, Singapore. In addition to his Singapore trade finance remit, Mr Aston will be mainly responsible for driving the development and delivery of complex trade finance solutions covering structured trade and commodity finance in the80 words
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71 2006-07-14 11 EXXONMOBIL has increased its Taxi Smiles Card Diesel Discount to 24 per cent from 22 per cent. The increase has been effective from 10.30 am today at all 74 Esso and Mobil service stations in Singapore. Cabbies under the ExxonMobil's Taxi Smiles Card programme71 words
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Article196 2006-07-14 11 Reuters SINGAPORE oil trader Hin Leong has ordered three new supertankers at a Chinese shipyard with an option to ortfor three more for a total cost of about US$7OO million, sources familiar with the deal said yesterday. Hin Leong's shipping arm Ocean TankersReuters - 196 words
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280 2006-07-14 11 LESLIE YEE - By LESLIE YEE THE Singapore Deposit Insurance Corporation (SDIC) launched a website yesterday to help educate people about deposit insurance. The site www.sdic.org.sg provides quick and easy access to information on how the deposit insurance scheme works, how compensation is calculated, a list280 words
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555 2006-07-14 11 CHUANG PECK MING - By CHUANG PECK MING MORE than five years later, $474,092 of donations made to the Alexandra and Woodbridge Hospitals before they were corporatised is still in the hands of the Ministry of Health. The ministry's explanation for not handing the money555 words
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ECONOMY WATCH
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Article, Illustration841 2006-07-14 12 Rate rise already widely expected; Japanese savings should stay intact Reuters [NEW YORK] The Bank of Japan's first interest-rate rise in six years may be the most anticipated monetary policy decision of the year, but in global financial markets, the era of zeroReuters; AFP - 841 words
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Article2285 2006-07-14 12 VOl General Corp .0.63 0.01 167 Jul 13 RM C000) Genting 34.10 -0.10 179 George Kent .0.51 -0.01 210 A&MRealty 1.39 unch 0 GHL Systems 0.25 -0.01 4145 Abnc -0.34 -0.01 48 Globetronics Tech 0.31 unch 251 ACP Industries 0.98 -0.02 104 GlomacBhd 1.24 0.02 95 Advance Synergy2,285 words
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239 2006-07-14 12 Reuters (JAKARTA] 'Indonesian consumer confidence rose in June to its highest since October due to an improved economic outlook and hopes of increased spending in South-east Aria's biggest* economy, a central bank survey showed yesterday. Still, consumers remain pessimistic about the future, having seenReuters - 239 words
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348 2006-07-14 12 Bloomberg [TOKYO] Japan's current account surplus widened for the third month in four as overseas demand for cars rose and companies brought home profit from abroad. The surplus rose 15.9 per cent in May to 1.61 trillion yen (5522.1 billion) from a yearBloomberg - 348 words
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343 2006-07-14 12 AP {SHANGHAI] China's economy roared ahead in the second quarter, underscoring the need for further policy tightening, a newspaper reported yesterday. The Shenzhen-based Securities Times said annual gross domestic product growth accelerated to 10.9 per cent in Q2 from 10.3 per cent inAP - 343 words
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477 2006-07-14 12 Rally in commodities, sell-off in equities Reuters [NEW YORK] Commodities have moved back from a world dominated by interest rate fears to one where geopolitics and fundamentals drive the buying and selling of resource products, sector experts said on Wednesday. Latest bombings in India, recentReuters - 477 words
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MALAYSIA
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398 2006-07-14 13 It says US firm wants to take control of Hicomobil [KUALA LUMPUR] The world's biggest car company, General Motors Corp (GM), has hired an accounting firm to go through the books of Hicomobil Sdn Bhd, the local distributor of Chevrolet cars,398 words
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143 2006-07-14 13 AP [PUTRAJAYA] Malaysia and North Korea yesterday inked a US$2O million palm oil barter trade pact, with the communist nation possibly shipping steel and magnesia to the South-east Asian nation in exchange for the much-needed commodity. The agreement was forged long before lastAP - 143 words
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230 2006-07-14 13 AFP [TOKYO] Malaysia became Japan's biggest free trade partner yesterday as the two countries put into force an agreement that aims to tear down tariffs on almost all goods within a decade. The pact will abolish tariffs on nearly all automobile and industrial productsAFP - 230 words
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333 2006-07-14 13 AFP [KUALA LUMPUR] Malaysia is committed to seeing both pioneering budget carrier Air Asia and flag carrier Malaysia Airlines (MAS) achieve healthy growth, a senior minister said. "We want both the airlines to grow," Transport Minister Chan Kong Choy said yesterday. MrAFP - 333 words
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BRIEFLY ASIA
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Article25 2006-07-14 13 AP [MUMBAI] Indian police detained about 350 people for questioning in connection with the Mumbai train bombings, officials said. —APAP - 25 words
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38 2006-07-14 13 Reuters [SINGAPORE] China National Petroleum Corp (CNPC) has placed an order for US$3 billion worth of shares in the IPO of Rosneft to deepen ties with the Russian oil giant.Reuters - 38 words
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38 2006-07-14 13 Reuters [BEIJING] China's trade surplus, soaring in part because the yuan's exchange rate is depreciating, will boost its foreign exchange reserves to more than US$l.4 trillion by 2008, a government economist said. —ReutersReuters - 38 words
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Page 13 Advertisements
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Advertisement20 2006-07-14 13 jk. w j^Hb JQflk ,^t V«B •Sshfii' HB^K^B^Sk IP" Ji > M Jg *IL i^^^B ■B w v j ~i 1120 words
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GREATER CHINA/HINDIA
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510 2006-07-14 14 Regulator makes request to set precedent for ICBC issue, say sources [BEIJING] China Communications Construction Group, which builds ports, roads and airports, has been asked by the securities regulator to seek simultaneous listings in Hong Kong and the mainland, potentially setting510 words
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441 2006-07-14 14 [HONG KONG] The planned HK$l5 billion (Ss3 billion) initial public offering of Sociedade de Jogos de Macau (SJM), controlled by Stanley Ho, could be pushed back to the first half of next year due to complications in its restructuring, the South China Morning Post441 words
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Article, Illustration57 2006-07-14 14 AFP [HONG KONG] A visitor enjoying a ride on a slide made of ice during an Ice Festival in Hong Kong yesterday. With hot weather warnings being issued in the territory, the "Harbin Ice Lantern Festival" in a minus-5 degree Celsius room at a busy shopping centre bringsAFP - 57 words
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324 2006-07-14 14 McDowell to sell Bouvet Ladubay products in India AP [NEW DELHI] Top Indian distiller McDowell Co yesterday said it has acquired French winemaker Bouvet Ladubay SAS for 14.75 million euros (5529.6 million), and plans to sell its products in India where wine drinking is rapidlyAP - 324 words
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306 2006-07-14 14 Reuters [HONG KONGI Shares of property firm Greentown China Holdings Ltd, which raised US$342 million in an initial public offering (IPO), rose 6.4 per cent in their Hong Kong trading debut, bucking a tough day in the markets. The South China MorningReuters - 306 words
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Article, Illustration723 2006-07-14 14 Funds flowing into China stocks, property in anticipation of yuan gains Reuters [SHANGHAI] Regulatory reforms and the listings of top-quality blue chips have been driving China's equity bull run this year. But another factor may be key in boosting stocksReuters; REUTERS - 723 words
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ASIA-PACIFIC/WORLD
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707 2006-07-14 15 Concern over UN action against Iran's refusal to end nuclear research Bloomberg [LONDON] Crude oil traded above US$74 a tfarrel in New York on concern that Iran's refusal to stop nuclear research will lead to United Nations action against the world's fourthlargest oilBloomberg - 707 words
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363 2006-07-14 15 Reuters [STOCKHOLM] Sony Ericsson launched the reporting season for top mobile phone makers yesterday with a doubling of secondquarter earnings to a record high and raised its forecast for total industry sales this year. Analysts said the figures from the fourth-largest global player, ownedReuters - 363 words
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637 2006-07-14 15 Reuters. Bloomberg [LONDON/LUXEMBOURG] A European court has annulled the European Union's approval of a 2004 merger between Sony Music and BMG in a surprise decision that could force the world's second-biggest music company to be unwound. The unprecedented ruling by the European CourtReuters.; Bloomberg - 637 words
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Article, Illustration432 2006-07-14 15 AP, Bloomberg [LOS ANGELES] Walt Disney Co will substantially reduce its workforce and slash its annual output of films from 18 to eight cutbacks greater than Hollywood had anticipated, it was reported on Wednesday. Additionally, Daily Variety said all the moviesAP,; Bloomberg; REUTERS - 432 words
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339 2006-07-14 15 AFP. Reuters [SYDNEY] The Australian government yesterday announced a radical overhaul of media ownership laws that will allow greater foreign investment and is expected to spark a wave of mergers and takeovers. Communications Minister Helen Coonan said caps on overseas ownership wouldAFP.; Reuters - 339 words
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Advertisement70 2006-07-14 15 1 SINGAPORE FOOD FESTIVAL AT GRAND HYATT FROM 30 JUNE TO 31 JULY. i ~T~* j| Authentic f. jril* tiorr 1 1. il.iU-Mn :r:.»:. M. 'i jjgsr- l Pc-ir K:l, lak: in wookt;n(i activities liko Chinos* Mask Palatini) and Honna Tattoo. I .-'u- -it'" 7* STRAiTEKITCHEN 10 Scotts RoacJ Singapore70 words
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AVIATION
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Article, Illustration616 2006-07-14 16 Fleet upgrading will also help fuel 5.8% rise in jet deliveries in 20 years Bloomberg [LONDON] Boeing Co, the world's second-largest commercial-jet maker, raised its 20-year industry forecast for world jetliner deliveries by 5.8 per cent because of increasing demand in AsiaBloomberg - 616 words
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Article, Illustration252 2006-07-14 16 Reuters [FRANKFURT] Frankfurt airport passenger traffic in June was boosted by the soccer World Cup and public holidays that encour aged people to take short breaks but the airport lagged its forecast for the full year. Airport operator Fraport said yesterday that 4.82Reuters; AfP - 252 words
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372 2006-07-14 16 Bloomberg [BRUSSELS] Europe plans to bolster cooperation between air traffic controllers and the military in a bid to reduce interceptions of airliners by fighter jets acting on hijacking worries. Pilots accidentally lose contact with traffic controllers about once a day on averageBloomberg - 372 words
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133 2006-07-14 16 Bloomberg [LONDON] BAA Pic said that chief executive officer Mike Clasper quit a month after the world's largest airport operator was acquired by Grupo Ferrovial SA for £10.1 billion (Ss29 billion). Stephen Nelson, retail director at BAA, took over as CEO from yesterday,Bloomberg - 133 words
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422 2006-07-14 16 Proposal likely to relieve airlines of having to screen passengers Reuters [WASHINGTON] Homeland Security officials proposed on Wednesday to make airlines transmit passenger names and other information to the US government before an international departure, a change designed to keep suspected terrorists offReuters - 422 words
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197 2006-07-14 16 Reuters [TOKYO] China and Japan agreed yesterday to boost the number of flights between their respective countries in the latest move to improve ties between the Asian neighbours. Under the agreement, the number of passenger flights will rise by 20 per cent and theReuters - 197 words
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Article2138 2006-07-14 16 IU WT SQ141 1145 SQ142 093S 3-3-n c c SQ143 1535 VF541 1630 AbaDhaW XH55 1» |U GA840 1640 S0146 1640 Mrtil LH9771 1750 LH9770 2345 (*137 1805 GA841 17S5 SQ230 1750 SQ229 2345 2205 SQ146 1900 Ah-«tabid SQ443 0C25 V?M7 7™ "*"4 haiHriw L***** 06302,138 words
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SHIPPING
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Article, Illustration419 2006-07-14 17 Attacks initially dropped after Indonesia launched a system of patrols Bloomberg [LONDON] Attacks by armed robbers on two United Nations vessels in Indonesia's Malacca Strait, the world's most dangerous waters for piracy, may precede a resumption of kidnappings in the area. Pirates armed withBloomberg; FILE PHOTO - 419 words
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Article211 2006-07-14 17 [SINGAPORE] PSA International said it handled about 29 per cent more containers worldwide in the first half of the year because of expanding trade. Latest PSA container handling figures show it handled 24.4 million 20-foot standard containers (TEUs) in the first half of211 words
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307 2006-07-14 17 Bloomberg [ATHENS] Shipowners last month more than doubled orders for tankers that carry 80,000 metric tons of crude, amid expectations of rising freight rates, according to Drewry Shipping Consultants Ltd. Contracts for 38 new ships, known as aframaxes, were placed last month, four moreBloomberg - 307 words
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136 2006-07-14 17 Bloomberg [LONDON] IM Skaugen ASA, a Norwegian owner of tankers that ship petrochemical gases, said second-quarter profit fell 95 per cent on higher maintenance and fuel costs. Net income dropped to U*****,000 for the three months ended June 30 from US$7.O9 million for theBloomberg - 136 words
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Article, Illustration468 2006-07-14 17 Refiners booking ships during season of peak fuel consumption Bloomberg [LONDON] The cost of shipping crude oil from the Middle East to Asia on 2 mil-lion-barrel tankers may rise from a three-week high as refiners book ships during the season of peak fuel consumption.Bloomberg; FILE PHOTO - 468 words
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302 2006-07-14 17 Reuters [BARCELONA] Qatargas is buying a new generation of liquefied (LNG}" an cers gest yet and wfe iBUffIIMS capable of recovering gas lost in transit, the general manager of a new terminal the company is building in Britain said on Wednesday. Qatargas 11, ownedReuters - 302 words
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755 2006-07-14 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR THE Australian Transport Safety Bureau has called on training institutions, regulatory authorities and ship managers to consider team resource management training for engineers along the lines of the STCW 95 requirements for deck officers. According to the Bureau, the755 words
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Article276 2006-07-14 17 SGX '000 kd 11 a Vol CH Offshore .035 unch 17 Oman Hup J0J3 unch 1074 Cosco Corporation 1.39 unch 9256 CWT Distribution 0*4 -0 04 846 Ezra HkJgs 232 unch 185 Freight Units .0.07 unch 604 Grand Banks Yacht .0.91 unch 4 Java Holdings 135 0.01 60276 words
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EDITORIAL & OPINION
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490 2006-07-14 18 EDITORIAL FISCAL transparency goes hand in hand with good governance. Thus, the unprecedented glimpse this week into the investment performance of Singapore's financial reserves is a first step in the right direction that's surely welcomed. One would be hard put to fault the arguments490 words
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Article, Illustration1109 2006-07-14 18 JUDY DEMPSEY - Energy security, the expansion of Nato, and the Kosovo settlement are just some of the issues that may further cloud European-Russian relations By JUDY DEMPSEY IHT THE Kremlin's new self-confidence, boosted by high energy prices and Europe's increasing dependence on Russian gas,IHT; REUTERS - 1,109 words
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Article, Illustration814 2006-07-14 18 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON threat to the very system they claim to represent. The Washington Post Writers Group THE controversy over CEO pay is not just an accounting matter. Love them or hate them, corporate chief executive officers preside overthreat to the very system they claim to represent. — The Washington Post Writers Group - 814 words
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Article, Illustration1423 2006-07-14 19 NICHOLAS DE BOURSAC - Workshop programmes have been welcomed by employees and management has felt a positive impact on staff morale By NICHOLAS DE BOURSAC THE recent 2006 report on the global Aids epidemic by UNAIDS, the joint UN programme on HIV/Aids, contained the alarming statistic thatAF - 1,423 words
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244 2006-07-14 19 Chim Howe Lai Singapore - Chim Howe Lai Singapore I REFER to your article "Why raising taxi fares even more would be good for everyone" (BT, July 11). I do not agree that further increases in taxi fares are good for both taxi drivers and operators. Further fare increases244 words
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550 2006-07-14 19 Emmanuel Daniel - LETTERS TO THE EDITOR Emmanuel Daniel President The Asian Banker I REFER to your report, "Singapore to launch annual financial forum" (BT, July 10). Why is the government using tax payer money, albeit through the Lee Kuan Yew School of Public Policy, to underwrite550 words
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Article101 2006-07-14 19 Elise Lee Singapore - Elise Lee Singapore I REFER to your article "Why raising taxi fares even more would be good for everyone" (BT, July 11). How can your writer iompare transport costs with those of Hong Kong and even the United Kingdom, where salary, living costs and exchange rates101 words
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Page 19 Advertisements
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Advertisement104 2006-07-14 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph. com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind104 words
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Article9716 2006-07-14 20 SGX MAINBOARD u wk T«i last Vd Oaf LBtQaot* Grttr D*» SrtW MM MCm rn+ Urn Cod. Caw»«* i* 4 W H*T U. Iwr i*. C» *9 >3 J 4 1 5716 1st Software 5c 35 2 3 111 13 6 3149 BTetecom US2c 7 65 8 519,716 words
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Article5845 2006-07-14 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES likcaiavT kiSS InUtt r *>» *v Mil Ch*ng» Owm Chig* ObMlnawPWHBMn )W< -02 IS -02 -OS -03 U »Wtn*ili1l M96 -at 1.7 -04 23 -&7 73 ***** 0-3 30 01 54 -03 105 ftcsk. 8853 -OS -10 -14 3i U M Faia; 1062J65,845 words
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Page 22 Advertisements
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Advertisement1498 2006-07-14 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination AFRICAN UON RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia t Loads E./W. Malaysia, Indonesia MIPPLE.EAST SERVICE F.EJS.E.A. SERVICE Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ORIENTAL RIVER INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT WIN HONEY INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E.1,498 words
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Advertisement688 2006-07-14 22 |»ffiiAsu memo umnu VBSa/VOT MggQ WGWW) ITO TOJ Ul SM JKT STRAITS VOfTlltt 12/06 IS Ji 04/07 W/07 1 3/07 16/07 11/07 STMITSVBITME 13/06 1$ 3.7 20/07 23/07 27/07 30/07 01/01 i STIAITS VENTUREI4/Ot IS 3.2 04/01 06/01 10/00 13/06 15/01 lAUSTIAUAN HOMO SIKVKI vßsa/vor ramped hbghtw m sw i688 words
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Advertisement1029 2006-07-14 23 WAN HAIMTERNATIONAL Pll LID aNa 14*W*****/r mm*mmrn TH:*****58» (14IMS) FAX:*****163 WXWAN HAI LINES sssasftS^KSiS^ V-—- JOH IE; (07) 2511*23 HUL (07)251W21 SUiIUDJI) JWS47SHJL <81)11*7714/H111D5 -L-. Jt1M:(021)5254)«1fAJt(0J1)*****«1W1W;71U10/71UII FAJL7IU* www.w««ll«l.mw.»| nm:(0H)4l57»«im:(061)415»?25/*****W feu aw wo hw m ok ng no as «ws M HL_ MMHM2It N147 07/D7 «/07 IIAI7 11/07 14/07 17/07 IMI71,029 words
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Advertisement979 2006-07-14 23 t~jT\ EASTERN CAR LINER, LTD It .1 I SPECIALIZE IN ROUP 9. HEAVY UfT UPTO 450 TOMS 1 mtia-asu saviq vqt m pgu mpi) m<w)| rm jkt 10, mi* sui kh ru WHITE Ml ZU HO 4 40 1W" 14/07 IS/07 I— W 7 ManM 143 55 W_= _i_ 1979 words
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Advertisement681 2006-07-14 23 m WEEKLY EXPRESS SAIUNG SCHEDULE ALBO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS visa I VOT I SW I PJQAMgIcOUMMo" ILSHEVA coloimo iota mm imu dm mm i*m mm ZLllii— mmmmm ALSO ACCPTMG Fd TO QXMt TUTKOHNIBO* (VIA COUMMI MB MIBU (VIA N SUVA) CONMCTW MOTHB VSU 10 MHPI681 words
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Advertisement544 2006-07-14 24 raNordana (Asia) Pie Ltd 70SHntocWoy, #21-03 Martea H—s« Si»|af9rao79nB NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISIANPS DATES ARE ARRIVAL PATK VESSEL VOT Swoopore Fro—tfa fißj Qrbt—s l»fa»d Island Excess MM 18 Jul 30 Jwl Mils. —LLAus liilS Island Express !MZ 21M Ma LUmb life blond Express544 words
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Advertisement162 2006-07-14 24 G LINES As Agents: CftOSSEAST SHIPPING PTE LTD operator code GK CR NO: 778 3202 0000 M Tel: 6327 1788 Fax: 6327 1588 mint bad*BCnoiwnrt.a»iug WffiSlTl: mmgtHkLcamjT^ KUCHING WEEKLY SAIUNG MNTULU MONTHLY 2 SAILINGS GENIKIJOHOR GJ232E 13/07 12/07 U/07 15/07 GENIKIJOHOR GJ234E 18/07 19/07 20/07 22/07 wgmm EMC LEE SHIPPING162 words
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Advertisement688 2006-07-14 24 NK&NM fflhi fSb Hit mm MM js/o{ U/07 «f?M1 8555P T17B7 Tt7B7 HC HUTN WW H*****757 ma Il7 7 II7W WWTJUI TOT WS1 5T700 grim <M* ***** ***** WKWTM Wi OS/W 00/00 -ffiblT 3£ 8t!7 ?!V— An ffi ?59B7 MbjsfcgjyjU HST inihiiy winy 1 |s»|E|g|g|g|M i VBSd VOY SM fORTKUNG688 words
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Advertisement414 2006-07-14 24 CONVENTIONAL SERVICE CHENNA-MUMBAI-KANDLA 3RD AUGUST Heavy Lift uplo 80 ions MV. UFE ETAS7H AUGUST DUBAI-JEBEL AU-DOHA Heavy Lift uplo 70 tons rVfe^WVUVIGATIM~MOuin I swa i*7o) I I OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING I I THi ENTIRE ASIA PACIFIC PORTS I m414 words
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THE BUSINESS TIMES SHIPPING TIMES
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5674 2006-07-14 25 This as«isr rr as 'sar ssaa ar a > »S SSS To FREMANTLE (FRE) 2130 Australia 25* To ABIDJAN (ABJ) 2003 Cote D'lvoire 23X17 31/07 PTDjakarta KAMAKURA 0285 *****203 29A 23/07 19AM Del mas URSULA DELMAS 631W *****344 2 4/07 01/08 Nordana PRINCESS MARY5,674 words
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Page 26 Advertisements
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Advertisement5333 2006-07-14 26 ;*at3 NOTICES Toll free: 1800-289-8822 Email: noticesfg'sph.com.sg I buy It sei i ir find it FRONIUNE TECHNOIOGES CORPORAHON UD Company Registration No. *****1489G (Incorporated in the Republic of Singapore) ('Company') Notice of Annual General Meeting NOTICE IS HBtEBY GIVEN that the Annual General Meeting of the Compony will be held5,333 words
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Advertisement1131 2006-07-14 26 AUSGROUP LIMITED (Incorporated in Singapore on 9 October 2004) (Company Registration Number: *****3014R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of AusGroup Limited (the "Company") will be held at Vanda 2, Level 6, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****41,131 words
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Advertisement495 2006-07-14 26 NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PItOSPERLAND PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (REGISTRATION NO. 1M*****3R) NOTICE IS HEREBY GIVEN that the Final General Meeting of the member? of the abovenamed Company will be held at 47 Hill495 words
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executive lifestyle
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597 2006-07-14 27 jaime ee - off the cuff jaime ee Singaporeans are getting a bad rap. First, we don't do well in courtesy surveys. Now the Happy Planet Index rates us as the unhappiest people in Asia. In fact, the people living in the Pacific island of Vanuatu597 words
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Article, Illustration1955 2006-07-14 27 CHEAH UI-HOON - A hotel stay is no longer just a room at the inn but a 'branded experience' with 'experience engineers', reports CHEAH UI-HOON CHEAH UI-HOON THANKS to the rise of the boutique hotel and hip hotel guides a holiday today means checking out the hotel as muchSTARWOOD - 1,955 words
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Page 27 Advertisements
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Advertisement9 2006-07-14 27 PROFILE conversation with renowned soprano Nancy Yuen PG 309 words
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CINEMA/ENTERTAINMENT
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Article, Illustration682 2006-07-14 28 JAIME EE - Welcome aboard, yo ho ho and a bottle of rum and all that, just be sure you abandon all logic when you step in for the ride, writes JAIME EE JAIME EE WELCOME to Pirates of the Caribbean: Dead Man's Chest. So tell682 words
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Article, Illustration578 2006-07-14 28 MELISSA LWEE - NIGHTSPOT By MELISSA LWEE SITTING quietly but surely along the Singapore River is Q Bar, the newest nightspot to hit the local scene. The affiliated outlet of the well-known Q Bar Bangkok had its official launch yesterday. It's seeking to become one of578 words
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Article, Illustration574 2006-07-14 28 GEOFFREY EU - By GEOFFREY EU FIRST, let's get the suspense out of the way: Basic Instinct 2 is a psychoerotic thriller of Unfortunately, the main things it kills aside from several of the characters are Sharon Stone's A-list career and our interest in watching this tiresome and totally unnecessary sequel.574 words
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Article, Illustration450 2006-07-14 28 CHEAH UI-HOON - DVD By CHEAH UI-HOON PART of the novelty of watching Lelaki Komunis Terakhir (The Last Communist), the Malaysian movie purportedly about Chin Peng, the former leader of the Communist Party of Malaya (CPM), is it's banned in Malaysia. But Lelaki Komunis Terakhir has been shown450 words
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Article, Illustration306 2006-07-14 28 PARVATHI NAYAR - By PARVATHI NAYAR AUSTRIAN director Michael Haneke (The Piano Teacher) proves yet again with Cache (Hidden), how adept he is at probing the surfaces of things to leave us with very disturbing suggestions of what may, or may not, lie beneath. In this tightly plotted, crisp306 words
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Advertisement33 2006-07-14 28 ©Herman Miller classics find out why these pieces remain true classics wwwherrnanrnHler.com/classics 7^— ascduaivaty avatabte at AIM Sl4 x au,honUt <teJgr,s g penang road 01-01 park maH ***** 0688 e llving®xtra.com!«g JL 3L.33 words
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HEALTH
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Article, Illustration1200 2006-07-14 29 TAN SU YEN - Going to the dentist used to be about getting your cavities fixed. Now it is increasingly about getting your smile improved. TAN SU YEN reports on the growing appeal of cosmetic dentistry. TAN SU YEN THE ranks of those looking to improve their smilesARTHUR LEE - 1,200 words
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Advertisement144 2006-07-14 29 for HiHMft aesthetics +age management reproduction surgery cosmetic g enera dentistry +day surgery ♦dermatology dental implants ♦diagnostic radiology jjjMT j surgery +hand, wrist reconstructive microsurgery health screening ♦neurology +nursing IHH rehabilitative carfe obstetrics gynaecology ophthalmology (eye surgery) orthopaedics 3 ♦otolaryngology (ear, nose throat surgery) +paediatric care ♦plastic surgery +psychiatry PL.JB144 words
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Advertisement13 2006-07-14 29 PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings13 words
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ARTS
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Article, Illustration544 2006-07-14 30 NOOR AISHA - PROFILE Performing can be a lonely lifestyle, but an appreciative audience makes up for it, soprano Nancy Yuen tells NOOR AISHA NOOR AISHA PERA is J like a M M beautiful painting," I I says Nancy M m Yuen,ARTHUR LEE - 544 words
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464 2006-07-14 30 AARON LYE - THEATRE By AARON LYE SOME things just don't translate well from screen to stage and, unfortunately, the gongfu parody that is The Finger Player's First Family is one of them. Directed and written by Chong Tze Chien as a satire on the Hong Kong gongfu464 words
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Article, Illustration468 2006-07-14 30 KIIRA GUSTAFSON - EXHIBITION By KIIRA GUSTAFSON ART often recreates nature. Not for artist Drew Harris who does just the opposite, letting rain pummel his canvas to give it more life and texture. The Canada-born artist presents his new collection called "Weather Works" at Taksu gallery468 words
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350 2006-07-14 30 KIIRA GUSTAFSON - BOOK REVIEW By KIIRA GUSTAFSON IN the ephemeral world of dance, a movement lasts only for a moment and then disappears forever. Rarely is the moment captured on paper and celebrated as part of a larger cultural movement. Hence, Shifting Sands: Dance in Asia350 words
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Advertisement59 2006-07-14 30 Club C&rd To apply, can *****980 A Wort Jof Exclusive Privileges Treats Diners Club unJJmer.com*, Imtmatonal JBI Maharajah Holland Orchard Maharajah KHF9| 44 Jatan Merah Saga #01-52, Tel: 6474 0096 39 Cuppage Road, Tel: 6732 6331 20% off total bill for lunch 10% off total bill for dinner Only when59 words
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Advertisement116 2006-07-14 30 Kam Boat Chtnnm CuMm V Shaw Centre *05-14/37 W: 6732 4675 Kam Boat Dim Sum Kitchan Marin* Square 002-05/06 fir JTel: 6336 6696 Exclusively for Diners Club Cardmembers: Golden Prosperity Set Menu for 2 at $58++ Sat IMMI IndwdM Mini Buddha Jump Orn The WM Prawns With VermlceW In Ctaypot116 words
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Advertisement40 2006-07-14 30 jam tern our lain ■InflMMtMiJMft Tht Tavern Pub Restaurant 227 229 River Valley Rood, Tel: 6737 6996 1-for-1 Set Lunch at $46 1-for-1 Set Dinner at $60 J PuvouumuoMiT On/y when you charge to your Diners Club Card. T&C Apply.40 words
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Advertisement118 2006-07-14 30 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic «C Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Lunch: Adult $35.80, Child $24.80 (Sat, Sun 5c Public Holiday)118 words
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Advertisement24 2006-07-14 30 Tiger and Heineken draught is yours to enjoy at just $s+++5 per glass and $20 per jug. This promotion is available from 3-Bpm daily.24 words
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WINE
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Article, Illustration1050 2006-07-14 31 N K YONG - There are fine wines, excellent wines and even complete wines but is it possible to make a perfect wine, muses N K YONG N K YONG HAVING returned after 40 days in Europe tasting the 2005s in Austria (Styria, Wachau, Krems, Kamptal), Burgundy, Bordeaux, Spain (PrioratBLOOMBERG - 1,050 words
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Article, Illustration363 2006-07-14 31 SAMUEL EE - By SAMUEL EE THE "Hong Leong" name is usually more closely associated with property and finance but this week, it was used to launch a range of wine chillers. The Hong Leong Group brings together many large companies under its umbrella and one of them363 words
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Page 31 Advertisements
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Advertisement20 2006-07-14 31 WM K For everything you have achieved, you deserve a Moran. Ultimate comfort, luxury and style. .1, 1, v ■■niH20 words
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Page 31 Miscellaneous
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Miscellaneous210 2006-07-14 31 CRYPTIC CROSSWORD goes (7) team display (7) 27 Charge student for experience 30 Spain has undertakings on dis- 8 Observer features a Prescott (4) charges (9) blunder! (9) 28 The issue turns to hotel food 31 Engineers'template gets mak- 13 Native regularly catching giant (4) rover (7) crab (4) YESTERDAY'S210 words
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INVINCIBLE SPIRIT
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Article, Illustration951 2006-07-14 32 MATTHEW PHAN - Rolex Laureate collects bikes from US to redistribute them in developing countries All reports by MATTHEW PHAN WHILE the newly rich of Beijing abandon bicycles for cars, the demand for bikes in developing countries from Guatemala to Ghana runs into the millions. For worker's in951 words
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Article, Illustration880 2006-07-14 32 DISEASE, malnutrition and injury claim millions of lives in developing countries each year, though preventative medicine or precautions are often available. Add one to that list: burns. Kerosene lamps used in developing countries by households without electricity can cause severe injury when knocked over, the880 words
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Article, Illustration818 2006-07-14 32 HERE'S something you probably didn't know about Changi Airport: the airport's 300 hectares of paved runways and lawns are used as a main catchment area for rain and can collect up to 300,000 tons of rainwater. Each month, about 63,500 tons of rainwater are collected818 words
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Advertisement110 2006-07-14 32 IkIRoiXXA«XJLD6 forEtrmrun This is the first of five parts brought to you by Rolex. The Rolex Awards for Enterprise were created to encourage a spirit of enterprise in visionary individuals around the world by providing funds and recognition to implement projects that advance human knowledge and well-being. The biennial Awards110 words
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