The Business Times, 28 July 2006

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Total Pages: 38
1 38 The Business Times

  • TOP STORIES
    • 511 2  -  Manufacturing and wholesale companies make up bulk of the ranking By MATTHEW PHAN [SINGAPORE] An improving economy helped a record 211 companies qualify for the annual Fastest Growing 50 (FGSO) rankings this year. DP Information Group, which compiles the rankings and announced
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    • 355 2  -  By DONALD URQUHART [SINGAPORE] The fate of Singapore's longdiscussed new international cruise centre became slightly clearer yesterday after the government said it was soliciting business concepts and investor feedback for a site at Marina South for an International Passenger Terminal. The Urban
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    • 379 2  -  By RONNIE LIM [SINGAPORE] Singapore is again experiencing a fuel oil logjam. A surplus caused by more product being imported over the past few months than has been consumed locally or re-ex-ported has led to cargoes being "stranded" in Singapore waters. As well,
      379 words
    • 483 2 SGX Q4 profit surges 97% to hit $55.1 m THE Singapore Exchange yesterday reported a 97 per cent jump in fourth-quarter earnings on the back of strong trading in stocks and derivatives. The results beat market expectations of a 62 per cent rise, according to Reuters consensus estimates.
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    • 638 3  -  BLUESKY ENTERPRISE SYMPOSIUM By CONRAD TAN [SINGAPORE] A much-an-ticipated private equity trading platform to help young companies here raise funds was launched yesterday, together with a new loan scheme to help them expand abroad. The double-barrel approach will help plug funding gaps
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    • 138 3 STI 2,444.66 (+38.35) ST INDEX FUTURES 2,444.00 (+38.00) SIMSCI 289.78 (+4.50) SIMSCI FUTURES 289.50 (+5.00) MARKETS Thursday Change KLSECOMP 936.76 +2.42 NIKKEI 225 15,179.78 +295.71 HANG SENG 16,916.77 +299.53 SET INDEX 695.83 +4.91 JAKARTA COMP 1,330.59 +17.76 MANILA COMP 2,336,42 +47.29 SEOUL COMP 1,296.27 +17.19 SHENZHEN B 290.29
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    • 566 3  -  Total dividend of 16.2 cents for FY2006 represents a payout of 90% By WONG WEI KONG [SINGAPORE] The Singapore Exchange (SGX) yesterday reported a 97 per cent jump in fourth-quarter earnings on the back of strong trading in stocks and derivatives.
      FILE PHOTO  -  566 words
  • Page 2 Advertisements
    • 64 2 Musician and educator Jeremy Monteiro on his Singapore dream. In the Raffles Conversation tomorrow V -yav^ln; H 4m ■^MSn3^gS^Sm >w*§ k >- *j^'"fr > y jTT" Ik z' fefifli ■£< KMk^B b t T z Overssas XjT*' Submission closing on Tuesday, 15 Aug 2006,3pm. I ITF 3 Bishan Place CPF
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    • 15 2 people u r u T includes Fortune 500 companies. wwvv.thepeopieatwork com I Asia-Pacific Executive Search
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  • COMPANY NEWS
    • 392 4  -  But company points out that parent F&N had said it will remain listed By LESLIE YEE INVESTORS were betting that something was brewing at Asia Pacific Breweries (APB), sending its share price surging in afternoon trading yesterday to close 29.4
      FILE PHOTO  -  392 words
    • 575 4  -  By CONRAD RAJ WORLD rig-building champion Keppel Corporation yesterday beat most analysts' forecasts by reporting a 47 per cent jump in sec-ond-quarter net earnings to a record $196 million, thanks again to strong performances by Keppel Offshore Marine, property division Keppel Land
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    • 514 4  -  By KALPANA RASHIWALA MAPLETREE Logistics Trust (MLT), which today marks the first anniversary of its listing, had more than doubled its asset portfolio from $422 million at listing to about $1 billion at June 30 this year. And it expects the figure to
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    • 642 4  -  HOCK LOCK SIEW By OH BOON PING VENTURE Corp's planned allcash purchase of GES International for up to $980 million begs certain questions on the rationale behind the move. Venture is Singapore's premier electronics manufacturing services provider with a much broader product range
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    • 358 4  -  By AMIT ROY CHOUDHURY SEMICONDUCTOR test and advanced packaging service provider, STATS ChipPAC, which announced a record net profit of US$lB million in the second quarter ended June 30, has warned of a slowdown in growth in the third quarter. In view
      358 words
    • 371 4  -  By JEAN CHUA THE future of Vantage and its 28.6 per cent stake in Pacific Internet (PacNet) is still in the air as the question was apparently not raised by shareholders at the company's annual general meeting (AGM) yesterday. However, chief executive
      371 words
    • 590 5  -  COURT CHARGES Their alleged crimes range from securities breaches to fraud By MICHELLE QUAH YET another listed company has been hauled to court for flouting the law: Auston International Group and two of its former executives have been charged for crimes ranging from
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    • 372 5  -  He's accused of using another person's trading account By WONG WEI KONG FORMER Leong Hin managing director Bernard Chan was slapped with another 52 charges in the Subordinate Court yesterday in connection with trading in the former construction company's shares. Chan,
      372 words
    • 375 5 SINGAPORE traders wanting to benefit from movements in the South Korean stock market will soon be able to do so via four new structured warrants issued by Societe Generale (SG) on the Kospi 200 Index the first time warrants on a
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    • 407 9  -  COMPANY RESULTS Revenues from S'pore, M'sia up 50%; dividend up 20% to 1.2 cents By LESLIE YEE BEST World International posted a 32.6 per cent year-on-year increase in net profit to $5.8 million for the first half ended June 30,
      FILE PHOTO  -  407 words
    • 320 9  -  By JEAN CHUA CHINA Merchants Holdings (Pacific) has reported a 44 per cent jump in secondquarter profit, as all segments of its business grew, and promised to distribute half of its 2006 income to shareholders. The operator of toll roads in China said net
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    • 403 9  -  By MATTHEW PHAN PROCESSED fruit company Del Monte Pacific saw sec-ond-quarter net profits fall 24 per cent year-on-year to US$3.6 million due to weak sales in Europe and North America and higher costs. Revenues for the second quarter fell slightly to
      Source: Bloomberg  -  403 words
    • 296 9 PACIFIC Century Regional Developments (PCRD) said yesterday that it was not aware of any proposal to privatise and delist the company other than the scheme announced earlier this year for Texas Pacific Group (TPG) and Newbridge to buy 25 per cent of
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    • COMPANY BRIEFS
      • 38 9 SINGAPORE Press Holdings (SPH) yesterday said the wife of director Ngiam Tong Dow has bought 2,000 shares at $3.94 each. After the open market purchase, Mrs Ngiam now holds 12,000 SPH shares.
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      • 55 9 THAKRAL Corp reported it sank into the red for the first quarter ended June 30, 2006. The electronic consumer goods distributor suffered losses of 1.10 million for the quarter compared to net profit of $2.21 million a year ago. Revenue fell 46
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      • 47 9 MAINBOARD-LISTED energy and engineering company Boustead Singapore has clinched another $40 million worth of oil and gas contracts. One of the deals valued at $35 million is one of the largest contracts to date secured by Boustead's energy-related engineering division.
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      • 39 9 PROPERTY group Hongkong Land Holdings Ltd said first-half profit rose 11 per cent on higher Hong Kong office rents. Profit, excluding property revaluations, rose to US$ll7 million from US$lO5 million a year earlier.
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      • 51 9 HOTEL group Mandarin Oriental International Ltd said that its first-half profit fell 12 per cent on the closure of its flagship Hong Kong hotel. The group's net income for the six months ended June 30 fell to US$4B.7 million from U5555.3 million a year
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      • 39 9 DAIRY Farm International Holdings' first-half profit rose 13 per cent on higher Hong Kong retail sales and expansion in South-east Asia. Net income was US$B6 million compared with U5576.5 million a year ago.
        39 words
    • 436 9  - SP Chemicals Q2 net up 31 to 74m yuan By CONRAD TAN SP Chemicals' net profit jumped 31 per cent to 74.1 million yuan (5514.6 million) in the second quarter, boosted by greater economies of scale and cost savings from the aggressive expansion of its production facilities in China. The
      436 words
    • 322 9  -  By MATTHEW PHAN STAMFORD Land, which owns and manages hotels in Australia and New Zealand, saw revenues fall 4.7 per cent to $47.9 million due to the weaker Australian and New Zealand dollar. First-quarter net profits nearly halved to $2.6 million,
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  • Page 4 Advertisements
    • 78 4 I THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 2 years Total Amount Allotted SGD 1,200,000,000 Amount Allotted to Non-Competitive Applications SGD 63,777,000 Of which allotted to MAS Nil Total Amount Applied SGD 3,054,146,000 Coupon Rate 5.625% p.a. Cut-off Yield Price 3.13% p.a. and on Allotment 105.075% Average Yield Price 3.11%
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    • 88 4 orted^^^Honna^^WTa n Single Door HWWWIB| Rower Cases Dining Set Dtspiay Cabinet mmm/i Low Unit Cabinet T ■i 9 5 frWW&HrfS n Zi Tan High-Legged 1 JM*-—- 1 iT (D BaßaoCabinet Hong Tan 32"x 16Vt*x 73" 035" spcs Dining Set A 4} BUBt Sf SSSSTW M ri J054" 60" 10pct Dining
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  • Page 5 Advertisements
    • 88 5 iflPUn 2bH BB BcaJII V U BBlr^B |A |B x Bp* r > SJ EL dj 8r BB B*.^ 2 XvCjßifl IM m ,K| |k\i M *2X*®jfc naraniii j^^^^k^mbßPlNl pBB^BBRiiB lEbs^ -m9VIE^^^HME^^9EI NI t BB&dBKiW^^B9L_,«^^BP IB '^^ESf Jr W iB JWj BE*» M Br IB i» J -w M'■* JB
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  • CFO FOCUS
    • 1260 6  -  CFO Francis Lee tells how the furniture maker eased into the market, writes SIOW LI SEN SIOW LI SEN WHEN Man Wah Holdings, a Hong Kong furniture maker listed last year in June on the mainboard of the Singapore Exchange (SGX), the reception was
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    • 166 6 FRANCIS Lee, 40, has travelled almost monthly to Hong Kong since joining Man Wah in July last year. A Singaporean, Mr Lee has held various jobs in the past, with some 11 years in the financial industry and five years with the Singapore Police of
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  • Page 6 Advertisements
    • 1146 6 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT-FIND IT M THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF 1. BJE HOLDING PTE LTD. (Registration No. *****5294E) 2. ROBINA INDUSTRIES (PTE) UD (Registration No* *****1831Q) 3. BELVOtR PROPERTIES PTE LTD (Registration No. 1M*****2M)
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    • 429 6 In the Matter of The Companies Act, Cap 50 And In the Matter of MICRO UNION INDUSTRIES PTE LTD (CO. REG. NO. *****3050H) {In Creditors' Voluntary liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN lhat pursuant to Section 308 of the Companies Ad, Cap 50, the Final Meeting of
      429 words
    • 37 6 I'' r 1 I 1 I* I I' Geta Leading Edge l' Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 I '"V II
      37 words

  • Page 7 Advertisements
    • 61 7 a *i' 4- mimm ■BEL i wm Rnrnpn Motors Toyota Showrooms Mon Sat: Bam 7.30pm, Sun: 10am 6pm (Wv Tgi^nHHH| •33 Leng Kee Road, Singapore *****2. Te1:6475 1288 •17 Übi Road 4, Singapore *****1. Tel: 6741 6888. v^/ *Terms and conditions apply. Details specifications may differ from picture shown, depending
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  • SINGAPORE MARKETS
    • 522 8  -  STOCKS Or could Venture Corp's takeover of GES be fanning speculation of more M&As to come? R SIVANITHY Senior Correspondent W Straits Times can be sure that there had to be new developments either on the interest rate front, or in the oil
      Source: Bloomberg  -  522 words
    • Article, Illustration
      995 8  -  Compiled by MATTHEW PHAN Venture Corp July 27 dose: $10.60 KIM ENG RESEARCH. July 27 VENTURE has announced an allcash takeover of GES at $1.25 per share, valuing it at $930-980 million with the difference due to a separate offer for options outstanding. Venture is paying 20 times
      Source: Bloomberg  -  995 words
    • 537 8 CURRENCIES Reuters. [TOKYO] The dollar steadied yesterday after falling sharply the previous session on a Federal Reserve survey that suggested the US economy may be slowing and interest rates could soon peak. The yen was mired near a record low against the euro
      Reuters.; BLOOMBERG  -  537 words
    • 1020 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 27 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr ('000) COOP) Advance SCT 26-Jul-06 Seah Hock Thiam Sell 3000 na ***** 17.15 ***** 15.72 Startech Elect 26-Jul-06
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  • Page 9 Advertisements
    • 289 9 Phillip Trading System (PTS) is a powerful mobile trading system which allows you to trade from gtitfP a or motji,e Pa,m to P with Windows I mobile environment. With Phillip Futures' I PTS, you can enjoy the true power of mobil^H^^H Mw JtttKStKKBH* trading. View live prices, check order status,
      289 words

  • SINGAPORE NEWS
    • 449 10  -  By LESLIE YEE THINKING of taking out a loan to buy a MercedesBenz or Lexus? Chances are the money will be provided by Citibank, which provides finance for one in every two luxury cars in Singapore. Over the past four to five years, there
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    • 455 10  -  It identifies investible trends, finds firms that benefit from the themes By GENEVIEVE CUA YOU'VE heard of unit trusts managed with a top-down or bottomup approach. But what of a thematic approach? DWS Investments, the mutual fund arm of Deutsche Asset Management, has launched a
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    • 406 10  -  By DANIEL BUENAS GENTING International, which has partnered Star Cruises and Universal Parks Resorts in its bid for the Sentosa integrated resort, plans to build a theme park that is "significantly bigger" than Universale 17-hectare Los Angeles development if the consortium is successful. And
      406 words
    • 230 10  -  By WEE LI-EN THE upcoming integrated resorts could make Singapore attractive to financial crooks from the region, such as money launderers and illegal money lenders, a risk mitigation executive said yesterday. Speaking at the Asia Pacific Financial Crime Conference Exhibition yesterday, the chief executive
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    • 453 10  -  By CHEN HUIFEN PACIFIC Healthcare Holdings yesterday opened a $3.2 million centre on the 19th floor of the Paragon, adding another 14,000 sq ft to its existing medical facilities in the same building. The mainboard-listed group said the new
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    • SINGAPORE ROUNDUP
      • 53 10 THE Ministry of Health and the Singapore Medical Council will recognise another 20 foreign medical schools under the Schedule of the Medical Registration Act from Aug 1. These include schools of medicine at Osaka University, University of Virginia, and the All-India Institute
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      • 33 10 WISMA Atria is the sole Singapore shopping mall shortlisted for the MAXI awards 2006, the international retail marketing awards given out to the shopping centre industry.
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      • 37 10 MORE Singaporeans are accepting cord blood banking as a medical insurance against future diseases. In a three-day roadshow organised by StemCord, over 600 customers signed up to bank their children's cord blood.
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  • Page 10 Advertisements
    • 785 10 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BANK OF CHINA Head Office 1 Fuxingmen Nei Dajie, Beijing *****8, People's Republic of China. Tel (86) 010-6659 6688 Swift: BKCHCNBJ Fax (86) 010-6659 3777 Http: www.bank-of-china.com Singapore Branch 4 Battery Road, Singapore *****8 Tel (65) 6535 2411 Swift: BKCHSGSG Fax (65) 6534 3401
      785 words

  • ECONOMY WATCH
    • 652 11 M'sia drops Chinese yuan as guiding currency for a more flexible ringgit Reuters [SINGAPORE] A year on from currency reforms in Malaysia and China, the Singapore dollar has replaced the Chinese yuan as the main guiding currency for a more flexible Malaysian
      Reuters  -  652 words
    • 902 11 AP [NEW YORK] Now that the World Cup and the Tour de France are behind us, the most exciting global spectator sport is watching Ben Bernanke: Will he raise interest rates in August or not? And what does his decision mean for world financial markets?
      AP  -  902 words
  • Page 11 Advertisements
    • 1041 11 liyiM'fjl Corporation Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2006 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the second quarter ended 30 June 2006: SECOND QUARTER
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  • MALAYSIA
    • 688 12  -  It's banking on a highway that cuts commute to KL to a half-hour By PAULINE NG in Kuala Lumpur MALAYSIA hopes a new 26 km highway linking Kuala Lumpur to Putrajaya will encourage foreign countries to set up missions at the new administrative capital
      REUTERS  -  688 words
    • 2265 12 VOL General Cofp .030 unch 111. Jul 27 RM W- rooo) Genting 3535 035 925 George Kant .0.50 0.01 57 AIM Realty 1.47 unch 1 GHL Systems 033 -0.01 699 Abric -033 unch 72 GtobetronksTw* .0.34 0.02 6897 ACP Industries 0.88 -0.02 11 GlomacBhd 1.18 unch 70 Advance
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  • Page 12 Advertisements
    • 2125 12 j:\\ SOCIETE Bcenerale A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann-***** Paris France. Notes in the Accounts which form an integral part of the financial statemenst together with a list of Soci6t6 G6n6rale's subsidiaries can be obtained from Societe G6n6rale Singapore Branch, 80 Robinson Road #25-00 Singapore
      2,125 words

  • INDONESIA
    • 437 13 Gresik reports H1 profit up at least 87% with lower distribution costs Reuters, Bloomberg [JAKARTA] Indonesia's Rajawali Corp said yesterday that it had completed its US$337 million purchase of a 24.9 per cent stake in the country's largest cement maker, PT Semen Gresik Tbk. Rajawali
      Reuters,; Bloomberg  -  437 words
    • 307 13 It plans equity participation or fund-raising in Mid-East Reuters [JAKARTA] The Islamic Development Bank (IDB) plans to help finance power projects in energy-starved Indonesia either through equity participation or by raising funds from the Middle Ea'st, a senior IDB official said yesterday. Indonesia
      Reuters  -  307 words
    • BRIEFLY ASIA
      • 41 13 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, which runs the nation's stock exchange, said second-quarter profit rose 68 per cent after an increase in trading revenue. Net income rose to RM32.2 million (5513.8 million). —Bloomberg
        Bloomberg  -  41 words
      • 42 13 Reuters [HONG KONG] Hong Kong's Exchange Fund posted a return of HK$3O.7 billion (556.2 billion) in the first half of 2006, up 167 per cent from the same period of 2005, the HKMA said yesterday. —Reuters
        Reuters  -  42 words
      • 35 13 AFP [MUMBAI] Indian car maker Maruti Udyog said yesterday that net profit for the first quarter ended June rose 63 per cent to 3.70 billion rupees (*****.2 million). —AFP
        AFP  -  35 words
  • Page 13 Advertisements
    • 418 13 :#iATci NOTICES Toll free: 1800-289-8822 Email: notices@spli.com sg I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ONORE PTE LTD (REG NO. *****2691N) (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101 Cecil Street #16-05
      418 words
    • 413 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASPLINUX PTE LTD (Registration No. *****4297 C) (In Member's Voluntary liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
      413 words
    • 474 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JASMINE INVESTMENT CORPORATION LTD. (Co. Reg. No *****4702N) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of JASMINE INVESTMENT CORPORATION LTD. duly convened and held at 21 Collyer Quay #10-01 HSBC Building Singapore
      474 words
    • 441 13 In the Matter of The Companies Ad, Cap. SO And In The Manor of PROMATRIX BIOSCIENCES PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****1640Z) At an Extraordinary General Meeting of the Company duly convened and held at 11 Biopolis Way #04/)8 Helios Building Singapore *****7 on 21 July
      441 words
    • 1655 13 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT SMSMOH) IMI SW Head Office: Turin, Italy. Sanpaolo IMI S.p.A. Singapore Branch: 6 Temasek Boulevard #42-04/05, Suntec Tower Four, Singapore *****6 Consolidated Statement of Income As of 31 December 2005 (millions of Euro) 31/12/05 31/12/04 Interest income
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  • GREATER CHINA
    • 312 14 Bloomberg [BEIJING] China will start enforcing a 20 per cent capital-gains tax on the sale of sec-ond-hand homes that local governments haven't collected since it became law in 1994, stepping up efforts to cool surging property prices. Sellers will have to pay
      Bloomberg  -  312 words
    • 534 14 New rules would check capital inflows to cool economic growth Bloomberg [SHANGHAI] China's government is drawing up rules that will make it harder for overseas investors to buy Chinese assets, a move aimed at curbing inflows of foreign capital to cool the economy's
      Bloomberg; REUTERS  -  534 words
  • Page 14 Advertisements
    • 1598 14 :*at3 £0 NOTICES BUY IT -SELL IT FIND IT A 4 SERIAL SYSTEM LTD mSk (Incorporated in the Republic of Singapore on 22 April 1992) Company Registration No. *****2071 D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Serial System Ltd (the "Company")
      1,598 words
    • 1314 14 NOTICES Toll free: 1800-289-8822 Email: noticestq-sph.com.sg I ran CREDIT industriel et commercial lU9 (A BANK INCORPORATED IN FRANCE) Consolidated Statement Of Income (in millions) 2005 2004 IFRS IFRSexd. lAS 32-39 Interest income 7,784 9,196 Interest expense (7,121) (8,328) Commission income 1,736 1/674 Commission expense (453) (420) Net gains on financial
      1,314 words
    • 420 14 IN THE MATTER OF THE COMPANIES ACT, CAP SO ("the Act") AND IN THE MATTER OF DEEP VIDEO IMAGING TECHNOLOGY PTE LTD ("the Company") {In Memberi* Voluntary Winding-Up) (Co. Reg. No. *****0S02M) NOTICE OF RESOLUTION At on Extraordinary General Meeting of the Company hela at 111 A Telok Ayer Street,
      420 words

  • INDIA
    • 678 15 Pact's approval in the Senate, though, could be tougher, say analysts Reuters [NEW DELHI] India welcomed yesterday the US House of Representatives' initial approval of a landmark civilian nuclear cooperation deal but said the accord had a long way to go before
      Reuters  -  678 words
    • 464 15  -  The state is seeking to redefine itself, says top official By SWATI CHAUDHARY [SINGAPORE] Punjab. India's second-richest state, is the perfect destination for investors looking to put their money into the services sector, according to the state's chief secretary, Nirmaljeet Singh Kalsi. Mr
      REUTERS  -  464 words
    • 260 15 AP [KUALA LUMPUR] Trade talks between India and the Association of South-east Asian Nations are very much alive, and Malaysia's trade minister was not speaking for the bloc when she said they have been suspended, an Indian minister said yesterday. "We
      AP  -  260 words
    • 243 15 Bloomberg [NEW DELHI] State Bank of India (SBI), the nation's No. 1 lender, said first-quarter profit fell a more-than-expected 35 per cent as its tax and wage bills climbed and rising interest rates hurt returns on bond holdings. Net income fell to 7.99
      Bloomberg  -  243 words
  • Page 15 Advertisements
    • 1535 15 :»AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Bu» IT- SELL tT-r'ND 1 I jfilN AT EX IS ■KBANQUES Ipopulaires COMPARATIVE CONSOUDATED BALANCE SHEETS 1 11/12/16 01*1*6 I 1 31/12/85 n/n/»5 Assets in millions of euros EUIFRS EUIFRS Liabilities Equity in millions of euros EUIFRS EUIFRS Cash due from central banks
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  • ASIA-PACIFIC/WORLD
    • 526 16  -  FM and a probable candidate in race to be next PM urge stronger Asian ties By ANTHONY ROWLEY in Tokyo JAPANESE finance minister Sadakazu Tanigaki yesterday declared he was in the race to become Japan's next prime minister, and also called for
      AFP  -  526 words
    • 565 16 LAT [WASHINGTON] Responding to investor demands for more sunlight on executive pay practices, the Securities and Exchange Commission (SEC) on Wednesday ordered companies to begin providing new details on corporate compensation including stock option awards that are at the centre of a
      LAT; AP  -  565 words
    • 446 16 This will settle antitrust lawsuits over foreign fees Bloomberg [LONDON] Visa International Inc, MasterCard Inc and banks including Citigroup Inc have agreed to pay US$336 million to settle consumer antitrust lawsuits over fees charged on foreign transactions. MasterCard will pay U5572.5 million as
      Bloomberg  -  446 words
    • WORLD WATCH
      • 66 16 Bloomberg [NEW YORKJ Harrah's Entertainment, the world's largest casino company, said second-quarter profit rose 21 per cent after last year's purchase of Caesars Entertainment lured more gamblers to its Las Vegas properties. Net income increased to U*****.6 million, or 69 cents a share, from
        Bloomberg  -  66 words
      • 58 16 NYT [TOKYO] Honda Motor reported a sharply higher quarterly profit on Wednesday, raised by the popularity of fuel-efficient vehicles like its Ciyic and Fit compact cars. Honda posted a net profit of 143.4 billion yen (SSI.9 billion) in the quarter ended June 30, up
        NYT  -  58 words
      • 68 16 AP [WASHINGTON] Orders to US factories for big-ticket manufactured goods shot up in June at the fastest pace in three months, powered by a rebound in demand for commercial aircraft. The Commerce Department reported that new orders for durable goods rose 3.1 per
        AP  -  68 words
      • 67 16 Bloomberg [NEW YORK] Goldman Sachs Group is buying a 463-room hotel, movie theatre and retail complex across the street from the new US$2.4 billion headquarters it's building in lower Manhattan. "Goldman Sachs is in the process of making a huge commitment to Battery Park City
        Bloomberg  -  67 words
      • 56 16 AP [TOKYO] Sony returned to profitability in the April-June quarter on the back of strong sales of flat-panel TVs and digital cameras. It recorded a 32.3 billion yen (*****.4 million) profit in the first quarter. Sony had posted a 7.3 billion yen loss
        AP  -  56 words
    • 491 16 Reuters [BRUSSELS] A diplomatic divide over how to end the fighting in Lebanon widened yesterday with France pressing for an early UN ceasefire resolution while the United States aimed new threats at Iran and Syria. Israel pounded southern Lebanon after Hezbollah
      Reuters  -  491 words
  • Page 16 Advertisements
    • 708 16 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com sg I BUY IT-SELL IT-FIND IT In The Matter Or The Companies Act, Cap. 50 And In The Matter Of HANWAY INVESTMENT PTE LTD Company Reg. No. *****8867E Notice of Creditors' Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is
      708 words
    • 199 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FORBO SIEGUNG SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Rag. No. *****9058R NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Ad, Cap. 50, that a Final Mealing of the Members of the
      199 words

  • FASTEST GROWING 50
    • 851 17 This year's Fastest Growing 50 recipients have shown that profit margins can be maintained and improved without increasing danger of default THERE is a general perception that rapidly growing companies tend to be more risky. But this year's Fastest Growing 50 recipients show that growth and
      Source: DP International Group  -  851 words
    • 886 18  -  OM Materials, the trading arm of 0M Holdings, has achieved a compounded annual growth rate of over 400% over last 4 full years, says MATTHEW PHAN MATTHEW PHAN HELPING Singapore's ambition to be a hub for commodities trading is OM Materials (S), which claimed the
      886 words
    • 643 19  -  Seraya Energy has managed to increase its share of the industrial and commercial electricity market to over a quarter in just five years, reports WEE LI-EN WEE LI-EN AGAINST the odds, Seraya Energy took on the incumbents in the electricity market five years ago when it
      ARTHUR LEE  -  643 words
    • 1088 20 The wealthy Middle East is a region which is rich in opportunities and a growing number of local firms now have a presence there THE Middle East is fast gaining prominence as a land of opportunity among Singapore's businessmen. The region has become an important trading partner
      BLOOMBERG; FILE PHOTO  -  1,088 words
    • 784 21  -  Meiban is seeking to grow its revenues to a billion dollars through value and people innovation, writes OH BOON PING OH BOOM PING HOME-GROWN Meiban Group aims to double its revenues to a billion dollars through a twopronged strategy of value and people innovation. Said its
      YEN MENG JIIN  -  784 words
  • Page 17 Advertisements
    • 196 17 AN EDGE IN FLEXIBILITY We are proud to be part of the "Fastest Growing 50" (FG 50) which recognises Singapore's MFS' multiple manufacturing plants in Singapore, Malaysia and China, comprehensive resources, strategic partnerships and strong emphasis on research and development give the confidence to exceed given standards. We will continuously
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  • Page 18 Advertisements
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    • 77 18 i meiban @§0 westepeyourrteasr ICQ melban™ offers a wide spectrum of manufacturing processes that serve a variety of industries. Through the years, we have become the complete services and solutions hub for all your manufacturing needs. Because of that, Meiban is proud to be ranked among the Top 20 Fastest
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  • Page 19 Advertisements
    • 148 19 |<B M A R V E L L® x- ■■■■■■■■■■■■■Br 11 I I y r 8 I H j2 I I |9hHH^^B^H^^H|^H r Qtr"' *4^l. 8 ,jJHM^^HH|^^B^B BgLj 8 JBral^H^HH^^^^H^H 1 1 MHKIWBHB Marvell is the market and technology leader in storage, communications and consumer silicon solutions. I The Company's
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  • Page 20 Advertisements
    • 184 20 In 1752, Benjamin Franklin discovered electricity by conducting (no pun intended) an experiment with a kite and a metal key. Since then, Man has learnt how to harness and generate electricity to spark (ahem) our remarkable pace of progress. But at the heart of growth and innovation, one fundamental truth
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  • Page 21 Advertisements
    • 165 21 y I .uu i K_y(Hujra tu. ta turns tch mmm l¥Z£ Europtronic Group pjfgjgjg Europtronic Group Ltd is a manufacturer and distributor of electronic components that are essential to all communication, computing and consumer electronic products. It produces film capacitors, chip inductors and chip beads, as well as distributes I
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  • Page 22 Advertisements
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  • WORLD
    • 424 23 Decision comes after court moves to annul Sony-BMG merger Reuters [LONDON] EMI Group Pic, the world's third-largest music company, said it has abandoned plans for the time being to buy smaller rival Warner Music, sending its shares down as much as 7 per cent
      Reuters; AP  -  424 words
    • 527 23 AP [AMSTERDAM] Royal Dutch Shell pic, Europe's second-largest oil company, reported a 40 per cent increase in second-quarter earnings yesterday as high oil prices offset production difficulties in Nigeria and the Gulf of Mexico. Net profit rose to U557.32 billion from
      AP  -  527 words
    • 6072 23 UNIT TRUSTS FUNDS ACMGIAmer Income BTUSO 8.48/ ACMGI Amer Income A USD 8.44/ i ACMGI Amer Income B USD 8.44/ ABNAmro Asset Mgt(Spora) ACMGI Amef Income A EUR 6.64/ Star Eif ope Eqty! 0.91* ACMGI Amer Income B EUR 6.64/ Star Europe Bond 6* aCMGI Europ Income Opp AT SGO
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  • Page 23 Advertisements
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  • AVIATION
    • 455 24 Its Q2 profit falls 9.4% on higher research spending Bloomberg [TOULOUSE] European Aeronautic, Defence Space Co (EADS), parent of beleaguered aircraft maker Airbus, said second-quar-ter profit fell 9.4 per cent amid delays on the superjumbo A3BO and higher spending on research. The full-year outlook
      Bloomberg  -  455 words
    • 471 24  -  By VEN SREENIVASAN [SINGAPORE] International passenger traffic for the first half of this year grew 6.7 per cent while international freight traffic was up 5.2 per cent over the same period in 2005, according to the International Air Transport Association (lata). The
      AFP  -  471 words
    • LOG BOOK
      • 78 24 AFP [LONDON] Rolls-Royce reported yesterday a 15.8 per cent surge in net profits for the first half of the year as the aerospace giant was boosted by a strong order book. Net profit jumped to £617 million (Ssl.B billion) in the six months to June 30,
        AFP  -  78 words
      • 129 24 [SINGAPORE] Tiger Airways is offering passengers the option to "upsize" their luggage from 15 kg to 20kg by paying $15 for a roundtrip journey. The new luggage upsize facility, which becomes effective on Aug 1, enables Tiger Airways passengers to purchase
        129 words
      • 118 24 AFP [CONSTANCE, Germany] Germany must compensate Russia's Bashkirian Airlines after one of its planes was involved in a mid-air collision with a cargo jet over German soil four years ago, killing 71 people, a court ruled here yesterday. The Russian Tupolev plane had
        AFP  -  118 words
    • 281 24 Reuters [FRANKFURT] Germany's Deutsche Lufthansa raised its full-year earnings forecast yesterday despite soaring fuel costs, after posting a forecast-beating 17 per cent increase in first-half operating profit. Chief executive Wolfgang Mayrhuber said he was optimistic the airline would beat last year's
      Reuters  -  281 words
    • 484 24 NYT [NEW YORK] The Boeing Co reported on Wednesday a US$l6O million loss in the second quarter resulting, in large part, from a US$6l5 million settlement with the government over ethics charges. And to head off congressional criticism, Boeing also announced that
      NYT  -  484 words
    • 376 24 Bloomberg [MANILA] Lucio Tan, the richest man in the Philippines, may sell Philippine Airlines Inc to Baguio Gold Holdings Corp, a publicly listed company he controls, to raise capital for expansion. Baguio Gold's shares surged 49 per cent. Baguio Gold may acquire
      Bloomberg  -  376 words
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  • SHIPPING
    • 464 25  -  Shippers to pay HK$20/TEU, HK$30/FEU from August 15 By DONALD URQUHART [SINGAPORE] Hong Kong's five container terminal operators have reached an agreement with the territory's shippers to implement a port security charge from mid-August to cover additional security measures. After "extensive discussions"
      AFP  -  464 words
    • 367 25 Officials warn the new laws may disrupt exports Reuters (NEW DELHI] India is looking at ways to ease new rules that demand ships entering its ports are covered by government-approved insurers against wreckage. The rule, which takes effect next month, has alarmed the
      Reuters  -  367 words
    • 221 25 Bloomberg [BEIJING] Tianjin Port Development Holdings Ltd, which runs China's fifth-largest container port, said it will build facilities in the country with Cosco Pacific Ltd and AP Moll-er-Maersk A/S for handling cargo boxes. Tianjin Port will invest in a 40 per cent stake in
      Bloomberg  -  221 words
    • 239 25 Reuters [TOKYO] Japan's top three shipping companies, led by Nippon Yusen KK, will likely post double-digit falls in quarterly profit due to high fuel prices, the Nihon Keizai business daily reported yesterday. The newspaper said Nippon Yusen's recurring profit is expected to have
      Reuters  -  239 words
    • 284 25 SGX '000 Jul 27 SS Vol CH Offshore .0.35 undi 9i Chuan Hup .0.33 -0.01 486 Cosco Corporation 1.49 0.01 8504 CWT Distribution 0.62 unch 65 Ezra Hldgs .2.34 0.01 285 Freight Unks 0.06 -0.01 60 Grand Banks Yacht 0.93 0.01 10 Jaya Holdings 1.34 -0.02 3029 K1
      284 words
    • 148 25 AFP [PORT BLAIR] Indian helicopters have rescued nine Indonesian crewmen stranded in the Andaman islands after their tug ran aground, a military spokesman said yesterday. The crew of the oceangoing tug SE Meriam 2 arrived off the remote Indian islands as part of a bid
      AFP  -  148 words
    • 347 25 Reuters [VANCOUVER] The fate of thousands of Mazda Motor Corp cars was uncertain after the ship carrying them to North America rolled over on its side In the.Pacific Ocean. The automaker had 4,700 vehicles aboard the automobile carrier Cougar Acethat began taking
      Reuters; AP  -  347 words
    • 894 25  -  ADMIRALTY CASEBOOK By SELVA KUMAR A TERM in a voyage charter fixture note that cargo tanks were epoxy coated meant the coating had to be in sound condition and any coating that had broken down by as much as 40 per cent
      894 words

  • EDITORIAL & OPINION
    • 500 26 EDITORIAL IN these days of global uncertainty and jittery markets, it's good to know that the local economic front is continuing to hold up well. That is welcome news, given that the country's economic resilience could well be tested in the near future. On the
      500 words
    • 1326 26  -  Companies go all out to pacify militant labour force with pay increases and incentives By CHOE SANG-HUN IHT FOR years, Hyundai Motor and Hyundai Heavy Industries have been celebrated as crown jewels of South Korean manufacturing. They were founded in the early 1970s
      IHT; REUTERS  -  1,326 words
    • 770 26  -  THE BOTTOM LINE ROBERT SAMUELSON efforts years ago; we should do so now. The Washington Post Writers Group COULD there be an oil "bubble"? Well, yes. In early 2002, oil sold for roughly US$2O a barrel; now it's close to US$75. The
      efforts years ago; we should do so now. — The Washington Post Writers Group  -  770 words
    • 1287 27  -  WTO must refocus on trade liberalisation, revive effective decision making and scale back expectations to get out of its rut By RAZEEN SALLY THE Irish poet W B Yeats wrote that when things fall apart, the centre cannot hold. The Doha round has finally
      AFP  -  1,287 words
    • 858 27  -  NEIL BEHRMANN London Correspondent GLOBAL equity markets are remarkably sanguine in response to the depressing events in the Middle East. Participants are ignoring the possibility that the Israel-Hezbollah conflict could be a curtain raiser for an even worse crisis. That potential
      858 words
    • 552 27  -  LETTER TO THE EDITOR Dr Andre Wan, Director, Biomedical Research Council Agency for Science, Technology and Research I REFER to the letter "JHU-A*Star breakup raises more questions" from Leong Sze Hian (BT, July 27). The key question is whether the return on Singapore's investment
      552 words


  • 10668 28 SGX MAINBOARD Transaction date: Jul 27 52 Wk Tel last Vol Day Last Quote GrOiv Div GrYW Nat MCap High low Coda Company Sala *1- COOP) High low toyar Sallar Cvr ftl Smll 4 1 5716 1st Software 5t 2.5 unch 100 2.5 2.5 2 2.5 10.1 12
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  • 6334 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy %yr Jul 26 Index Change Change Change Change Change Change World Index Preliminary 979.0 -0.2 1.0 -0.4 -1.5 -0.2 3.5 tEAFE Preliminary 982.3 0.0 0.9 -03 1.0 0.0 6.2 Europe Preliminary
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  • Page 30 Advertisements
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  • Page 31 Advertisements
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  • Page 32 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6731 33 This ,.-r r ETA ETA AdvartiMr Vassal Voyage Telephone ETA ETA Advartkar Vassal Voyage Telephone SIN Dasfn Name Nana Number Unfair SIN Dasfn Name Nam* Number Number WlWiSiWr' 22/08 01/09 Nordana ISLAND EXPRESS IE607 *****907 To ABIDJAN (ABJ) 2003 Cote D'I voire 03/09 11/09
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  • executive lifestyle
    • 1675 34  -  For the Singaporean who wants to commune with nature and live sustainably further away from the maddening city, he may want to head for the Back-to-Nature eco-village in Trang, south Thailand. CHEAH UI-HOON reports CHEAH UI-HOON IMAGINE living in a community of like-minded people, growing your
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  • Page 34 Advertisements
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  • ARTS/COVER STORY
    • 632 35  -  SINGAPORE THEATRE FESTIVAL Wild Rice dishes up acts that deal with issues close to the heart, writes AARON LYE AARON LYE IT HAS been called an alternative celebration for National Day, maybe rightly so, since the eight productions that make up Wild Rice's inaugural Singapore Theatre
      632 words
    • 440 35  -  BY NOOR AISHA THE inaugural Singapore Theatre Festival, which begins next week, is all about "creating a scene for Singaporean plays". The brainchild of Wild Rice artistic director Ivan Heng, it will feature a selection of both established theatre icons and promising
      FILE PHOTO  -  440 words
    • 628 35  -  By PARVATHI NAYAR CABARET is a noir musical that draws its power from probing the underbelly of the human psyche. Beneath the glitter, its heart is dark, and its heartblood is depravity, whether sexual or political. In a sense, each becomes a
      628 words
    • 349 35  -  By CHEAH UI-HOON THERE are true back-to-nature, rustic ecovillages where houses and other infrastructure are built from scratch by communities of like-minded people. And then there are the "chic" ones where money can buy you a well-planned integrated development, not necessarily ecologically sustainable where you get your
      349 words

  • HEALTH
    • 703 36  -  Getting some work done on your face, or your tummy, isn't all that unusual these days. TAN SU YEN reports on the growing acceptance of cosmetic surgery and the latest non-invasive procedures that have fuelled these trends TAN SU YEN /JF a mft m HAT people want is
      703 words
    • 1106 36 BOTOX, Thermage, Laser Peel the language of cosmetic medicine is starting to creep into mainstream vocabulary. Most of the jargon refers to non-invasive procedures, and this is hardly surprising. In recent years, growth in non-surgical cosmetic procedures has been nothing short of exponential. Says consultant
      1,106 words
  • Page 36 Advertisements
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    • 13 36 PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings
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  • ENTERTAINMENT
    • 612 37  -  Despite inconsistencies, The Lake House is an enjoyable film, says PARVATHI NAYAR PARVATHI NAYAR NO ONE has really sorted out the famous time travel conundrum that is, the "If I were to travel back in time and kill my grandmother, then I wouldn't be born; but
      612 words
    • 575 37  -  By PARVATHI NAYAR WRITER-director-producer-actor M Night Shyamalan created two excellent films the deservedly lauded The Sixth Sense and the surprisingly underrated Unbreakable but it has been downhill ever since, with the latest, Lady in the Water, submerged at an all-time low. Lady is based on
      575 words
    • 454 37  -  TELEVISION By SWATI CHAUDHARY IF you are looking for an insider view of the lives of the rich and famous in Hollywood, or maybe in this case the yet to be famous, then HBO's Entourage is just the show for you. The
      454 words
    • 604 37  -  By CHRISTOPHER LIM THE latest comic-to-movie adaption from Hong Kong, Dragon Tiger Gate, doesn't pretend to be highbrow. It's an unabashed larger-than-life slugfest, with big villains and even bigger heroes. Starring martial arts stalwart Donnie Yen, and hot young stars Nicholas Tse and
      604 words
    • 294 37  -  DVD By MELISSA LWEE IN this sequel to Big Momma's House, Martin Lawrence reprises his role as FBI agent Malcom Turner who goes undercover as Big Momma: a huge, kungfu kicking, loud-mouthed granny that screeches "oooohh" once too often. Malcom's wife, Sherry (Nia Long), whom
      294 words
  • Page 37 Advertisements
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  • Page 37 Miscellaneous
    • 161 37 CRYPTIC CROSSWORD 5 A dimmer sort of marine 9 14 Fliers who enjoy a few evenmaking good^ 25 Crawled in front of singular 21 Distort, 22 Trim, 25 Indulteacher! (5) gence, 26 Line, 27 Paternally. 26 Good criteria for re-housing DOWN (5) Down: 1 Sing, 2 Punt, 3 Litter, 4
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  • 1639 38  -  Making Time Its loyalists have been known to describe the German brand of A Lange Sohne as the jewel in the Richmont Group's stable of fine watch brands. NG TJENG JAW spoke to its CEO Fabien Krone when he recently visited Singapore to personally present the
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  • Page 38 Advertisements
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    • 15 38 EST? 1954 SINCERE fine watches This series is brought to you by Sincere Fine Watches
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