The Business Times, 4 August 2006
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2006-08-04
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The Business Times
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Title Section21 2006-08-04 1 THE BUSINESS TIMES ■W th ANNIVERSARY JD SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) *****/2006 Friday, August 4,2006 ■■■■■■■■■■■a *>'■ mhhc-.'^21 words
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Article173 2006-08-04 1 THE Business Times will be 30 on Oct 1. And we'd like to share this important birthday with you. After all, it is only because of you our valued stakeholders that we have come this far. As part of our 30th birthday celebrations, readers can look forward to173 words
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Article136 2006-08-04 1 STI 2,457.09 (+3.10) ST INDEX FUTURES 2,433.00 (+2.00) siMsa 291.70 (+0.73) SIMSa FUTURES 289.70 (-0.40) MARKETS Thursday Change KLSE COMP 935.29 +1.22 NIKKEI 225 15,470.37 +6.08 HANG SENG 17,048.42 +15.67 SET INDEX 703.11 +9.01 JAKARTA COMP 1,379.71 -14.65 MANILA COMP 2,360.61 +52.24 SEOUL COMP 1,292.05 -3.06 SHENZHEN B136 words
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Article1213 2006-08-04 1 NANDE KHIN - More S'pore companies discover the power of teams By NANDE KHIN [SINGAPORE] Big seems to be better, and with more Singapore companies realising this, they are choosing to hunt in packs in a myriad of industries ranging from education and lighting to construction1,213 words
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Page 1 Advertisements
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Advertisement74 2006-08-04 1 a CFO INTERVIEW f Advanced Holdings' Steve Kek on China opportunities CUPPER ROUND THE WORLD RACE The ride of a lifetime BT journalist and sailor Vincent Wee reflects on how the race has changed all who sailed on the Uniquely Singapore Page 15 Narayana Murthy, co-founder of Infosys and one74 words
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Advertisement12 2006-08-04 1 IMF MEETING Fund's chief unveils ambitious agenda for S'pore meeting PAGE 1412 words
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Advertisement19 2006-08-04 1 Hexec lifestyle Battle of the spirits PAGE 30 SHIPPING JTC unit wins USs7om African deal PAGE 17 M II19 words
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TOP STORIES
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418 2006-08-04 2 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] Singapore water agency PUB is set to become the first in the world to adopt the 16-inch reverse osmosis (RO) membranes for water reclamation on a large scale, following successful test-bedding of the technology at one of its418 words
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Article, Illustration300 2006-08-04 2 [SINGAPORE] The white slides of wood hang in the light, the graphite on them, painstakingly etched, gleaming black. They describe what humans see only by twin miracles of nature and science images of cells in our bodies seen through microscopes, or300 words
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Article496 2006-08-04 2 Outgoing Sing Tel CEO delivers strong Q1 results DEPARTING group chief executive Lee Hsien Yang yesterday delivered a strong set of first quarter results for Singapore Telecommunications, beating market expectations with a net profit of $840 million, up 5.8 per cent for the three months ended June. TOP496 words
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Article, Illustration808 2006-08-04 3 SIOW LI SEN - It says there is no change in strategy at present to shift investment focus from Asia By SIOW LI SEN [SINGAPORE] Departing group chief executive Lee Hsien Yang yesterday delivered a strong set of first quarter results for Singapore Telecommunications, beating market expectations withFILE PHOTO - 808 words
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202 2006-08-04 3 [SINGAPORE] Shareholders must remember that once SingTel's shares go "exCR" on Aug 30 2006, they should not sell the full amount of shares that they have in their Central Depository and Central Provident Fund accounts. Failing to do so will202 words
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Article765 2006-08-04 3 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN 111 SHOULD ask for chimneys to be in--1 stalled," quipped 9 SingTel's outgoing group chief executive Lee Hsien Yang when asked yet again about his successor. Mr Lee was, of course, referring to the smoke signals that billow765 words
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Advertisement191 2006-08-04 2 people No mountain high enough. www.thepeopleatwork.coni Asia-Pacific Executive Search Wchen Fu JI 'xx;' 1 atooA/ofart n 'A classic delicacy since 1960'5: Singapore Wok-Stirred Fried Rice. A Grain of Rice, but it is a Start. (the crown of the red white patriotic) It has progressed from being just a culinary tradition191 words
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Advertisement280 2006-08-04 3 C7l /oas/ /cFSingapore in honour of all Singaporeans BjjjH TASTE THE ENCHANTMENTS OF THE This time we have wines haHk* from vineyards German Win* Tatting INTERNATIONAL AND BEER FAIR p nnc(| thowoM of o»ir 3SO bbtlt. I L3M\ 30til AllgUSt 3rd September 2006 So, come down to enjoy a memorable280 words
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COMPANY NEWS
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Article, Illustration666 2006-08-04 4 KALPANA RASHIWALA - Profit rises 10.2% in Q2, bringing H1 earnings to $288.7m, up 35.2% By KALPANA RASHIWALA CAPITALAND Group's president and CEO Liew Mun Leong says the company's performance in the second half of this year will be "quite promising" because of divestments like The Ascott666 words
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Article188 2006-08-04 4 SUCCESSION planning is very much in place at the helm of Capita Land, says Capita Land Group president CEO Liew Mun Leong not that he's planning to leave the company anytime soon, he adds. "Anytime I depart the company, two to three candidates can seamlessly188 words
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421 2006-08-04 4 MATTHEW PHAN - By MATTHEW PHAN SINGAPORE Computer Systems turned in its third consecutive-quarter of profitability yesterday, achieving $1.21 million of net profit in the second quarter of 2006, up from a loss of $33.3 million in the year-ago period, and off the421 words
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Article, Illustration396 2006-08-04 4 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Airlines will increase its fuel surcharge on flights between Singapore and North America by 50 per cent for tickets issued on or after Aug 15. The airline will raise surcharges for these longhaul journeys to US$9O a396 words
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Article, Illustration518 2006-08-04 4 OH BOON PING - By OH BOON PING ECS Holdings, a regional IT distributor and services provider, yesterday reported a 23 per cent rise in net income to $5.3 million for the second quarter ended June 30, buoyed by highermargin product sales particularly in518 words
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387 2006-08-04 4 CHEN HUIFEN - By CHEN HUIFEN RIDING on higher demand for its single-use airway devices, LMA International yesterday reported an 18.7 per cent jump in Q2 net income to US$7.5 million. This brings its first-half earnings to US$ll.B million, against the US$l4.B million387 words
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Article, Illustration861 2006-08-04 5 MICHELLE QUAH - Energy stocks are red-hot but check before you buy Not all are winners and management expertise is crucial, analysts caution By MICHELLE QUAH THE energy sector is red-hot worldwide and the lure of plump earnings has enticed many to expand into the industry. Singapore alone has seen a slew ofREUTERS - 861 words
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Article, Illustration417 2006-08-04 5 WONG WEI KONG - By WONG WEI KONG A PLAN to distribute shares in a US associate has revived interest in Sesdaqlisted Sun Business Network (SBN), formerly known as Panpac Media. On July 25, the publishing group proposed a dividend in specie by way of distributing sixSource: Bloomberg - 417 words
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Article, Illustration475 2006-08-04 7 CONRAD TAN - Revenue growth mainly due to a 23% rise in POS system sales By CONRAD TAN GES International, the firm at the centre of a billiondollar takeover bid by electronics giant Venture Corp, reported a 36 per cent jump in netFILE PHOTO - 475 words
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275 2006-08-04 7 CHEW XIANG - By CHEW XIANG RIDING on a 150 per cent year-on-year surge in turnover to $202.1 million, Rotary Engineering yesterday reported a first-half net profit of $16 million almost five times the previous corresponding half s $3.24 million. The company's oil storage terminal275 words
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280 2006-08-04 7 DESPITE a 29.6 per cent year-on-year surge in revenue to $55.2 million, Unisteel Technology saw an 11 per cent fall in net profit to $10.77 million for its second quarter ended June 30. A key factor for the lower Q2 earnings was280 words
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COMPANY BRIEFS
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46 2006-08-04 7 FOOD Junction's net profit fell 17.6 per cent to $1.7 million for the third quarter ended June 30, while its turnover fell 4.8 per cent to $10.4 million. It declared an interim special dividend of 2 cents per share.46 words
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Article33 2006-08-04 7 COURTS Singapore's net profit fell 31.3 per cent to $734,000 for the first quarter ended June 30, despite a 12.2 per cent increase in sales to $85 million.33 words
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Article67 2006-08-04 7 DMX Technologies Group Limited has secured US$4.B million deals from Korea's KT Corporation. The company announced a 35.7 per cent jump in net profit to US$B.5 million for the six months ended June 30, 2006. Turnover rose 42.7 per cent to US$73.B million. It also67 words
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38 2006-08-04 7 CHINA Dairy Group's net profit rose just 2.7 per cent to $7.2 million for the six months ended June 30, despite a 32.9 per cent rise in revenue to $99.2 million.38 words
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39 2006-08-04 7 J1UTIAN Chemical Group's net profit rose 20.8 per cent to 27.3 million yuan (S$5.4 million) in the first half, on the back of a 7.7 per cent growth in revenue to 101.7 million yuan.39 words
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49 2006-08-04 7 BOARDROOM Limited announced record full year net profit of $10.36 million for the period ended June 30, 2006. The 143.4 per cent rise in profit was achieved on the back of a 65.9 per cent growth in revenue, which hit $30.8 million.49 words
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38 2006-08-04 7 YOUCAN Foods' first-half net profit stayed flat, inching up 0.3 per cent to 6.3 million yuan (S$ 1.24 million), despite a 27.2 per cent gain in revenue to 106 million yuan.38 words
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30 2006-08-04 7 INTRACO Limited yesterday said its half year net profit rose 177.6 per cent to $3.33 million while turnover climbed 27.9 per cent to $207.74 million.30 words
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Article42 2006-08-04 7 KIM Eng Holdings Limited yesterday reported a 27 per cent slide in net profit to $12.54 million despite a 35 per cent rise in revenue to $67.90 million for the second quarter ended June 30, 2006.42 words
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381 2006-08-04 7 JEAN CHUA - By JEAN CHUA MAINBOARD-LISTED Asia Power Corp's net profit for the first six months of the year increased eight times, after consolidating the results of a new subsidiary in China. The firm, which owns, manages and operates power plants in China, yesterday said381 words
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Page 4 Advertisements
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Advertisement143 2006-08-04 4 More power roved hi g drivi ■■■and increased safety when engine response, and with (a more expenencejgttttflttMHHMH^y^gfgNy^ No soldering, no cutting of wires, no mess. Neatest way to more power and Enhanced fuel savings (up to 15%). BENZ All Mercedes Benz V 6 2.6 L, 2.8 L, 3.2 L Software143 words
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Advertisement136 2006-08-04 5 zr 1 K -<' j ..->** »3 *t* ,\>- 'f uAy» .>. r [h .jp- _^M£P^^@r^ > 1 K ■»v^-- Jto r^jnM^ Event Manager: Event Partners: Hole-in-One Sponsors: /IP tessmm Ihom^ m haach //2mna Q MOTOROLA CbOOLF gSk NISSAN n i t co i OSirn) «BTHAI EDWifeon MURANO Riilm and136 words
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SINGAPORE MARKETS
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Article, Illustration525 2006-08-04 6 TEH HOOI LING - STOCKS Capita Land and Singapore Airlines lead gainers as ST Index edges up by 3.1 points TEH HOOI LING Senior Correspondent IT WAS a tussle with no clear winner solid earnings were tempered with a certain level of caution that, perhaps, this isSource: Bloomberg - 525 words
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Article, Illustration1020 2006-08-04 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 3 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stocfc Pate Director Sell '000 Shr COOP) C000) Frasers CP Trust 3-Aug-06 FCL Invest Pte Ltd Sell ***** na ***** 6.38 0 0.00 Frasers CP1,020 words
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Article, Illustration920 2006-08-04 6 UMA SHANKARI - Compiled by UMA SHANKARI Sing Tel Aug 3 dose: $257 CITIGROUP, Aug 3 HEADLINE profits ($B4O million) are higher than our $790 million estimate, but include $31 million of additional Globe contributions to align both reporting periods hereon. Excluding this, we see recurring profits at $809 million (up 6.6Source: Bloomberg - 920 words
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Article, Illustration509 2006-08-04 6 CURRENCIES Reuters [TOKYO] The dollar rose against the euro yesterday, bouncing off a onemonth low against the single currency as investors got ready for the European Central Bank's policy meeting later in the session. With an ECB interest rate rise largely priced in,Reuters; BLOOMBERG - 509 words
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Advertisement907 2006-08-04 7 LMA™ LMA International N.V. (incorporated with limited liability in the Netherlands Antilles on July 28,1998) LMA REPORTS STRONG SALES GROWTH IN SECOND QUARTER Summary of Financial Performance Three months ended June 30, Six months ended June 30, (USs'ooo) 2006 2005 Change 2006 2005 Change Net sales 24,368 21,501 13.3 44£19907 words
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THE CFO INTERVIEW
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Article, Illustration1480 2006-08-04 8 SIOW LI SEN - With China determined to improve pollution control, Advanced Holdings is on a roll doing business there, its CFO tells SIOW LI SEN SIOW LI SEN ON HIS first trip to Beijing three years ago, Steve Kek had a brush with China's legendary pollution problems,ARTHUR LEE - 1,480 words
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Advertisement1378 2006-08-04 8 I ™""~""FORM 69(3) AQIAPMX/ x-v IN THE MATTER OF fUIMC-lM V THE COMPANIES ACT ASIA ENVIRONMENT HOLDINGS LTD (THE "COMPANY") \W f (CHAPTER 50) Company Registration No. *****4778 C \Aft/ Wi THE MATTER OF PILLAR CORPORATION PTE LTD RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE (THE"WARRANTS ISSUE") OF 70,898,905 7UnMftftl in DHWCDDI lIQ1,378 words
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Advertisement4164 2006-08-04 9 EES EES international Limited Company Registration No. *****14Z7R < Unaudited Full Year Financial Statement and Dividend Announcement far the Year Ended 30/DG/200E 1(a) An income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year. FRSIO2 Grow firnun 4./1» p rnil4,164 words
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SINGAPORE NEWS
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Article, Illustration453 2006-08-04 10 ARTHUR SIM - Money from $2b fund a boost to business travel, MICE industry By ARTHUR SIM THE Singapore Tourism Board (STB) has committed to spend $170 million to help develop business events over the next five years, the most the board has yet453 words
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480 2006-08-04 10 WINSTON CHAI - By WINSTON CHAI BEING called a pest would count as an insult for most, but Vikas Goel takes the label as a testament to how his company is successfully nibbling at the sweet spot of more established rivals. "He's like the cockroach of the480 words
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570 2006-08-04 10 CHUANG PECK MING - The same will apply to IHT, FT, Newsweek, Time By CHUANG PECK MING THE government has informed the Far Eastern Economic Review, which has been gazetted as a declared foreign newspaper for interfering in Singapore's politics, that it has to comply with570 words
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242 2006-08-04 10 THE public spat between Johns Hopkins University and A*Star has come to a close, with both sides agreeing to wind down their eight-year research and education collaboration in Singapore. In a one-page joint statement issued last night, the Agency for Science, Technology242 words
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361 2006-08-04 10 CHEN HUIFEN - By CHEN HUIFEN DIABETIC patients who took part in a pilot chronic disease management programme found that their average blood glucose and bad cholesterol levels have dropped, but their blood pressure and body mass index stayed the same. Doctors said this could361 words
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389 2006-08-04 10 WEE LI EN - By WEE LI EN UNINVITED to a turf usually reserved for the rich, Mardan Mamat has made it his own. The caddie turned world-class player has become a national icon the first Singaporean to win a European tour event and389 words
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SINGAPORE ROUNDUP
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157 2006-08-04 10 A FIRST-OF-ITS-KIND dengue diagnostic kit was launched yesterday by US-based Bio-Rad Laboratories. The kit, which takes about 90 minutes to give results, is now available at most laboratories in Singapore. The time saved by using this test is about six days for a157 words
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84 2006-08-04 10 THE National Arts Council (NAC) and Republic Polytechnic yesterday signed a memorandum of understanding to establish a regional arts centre in the north Aimed at attracting some 30,000 youths and residents through events such as an annual cultural festival and weekly lunchtime84 words
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53 2006-08-04 10 PREMIER Taxis yesterday rolled out its new line of Skoda Superb limousine taxis targeted at next month's IMF/World Bank annual Summit. Called Silver Arrow, the long-wheelbase cabs will complement the rest of the company's fleet of more than 1,400 Toyota Crown and53 words
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Article, Illustration81 2006-08-04 10 WHEELOCK Properties will integrate $6.3 million worth of art into its upcoming redevelopment of Scotts Shopping Centre and The Ascott. It will be the first developer to take advantage of the Urban Redevelopment Authority's Art Incentive Scheme which gives incentives81 words
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57 2006-08-04 10 REPUBLIC Polytechnic, Singapore Polytechnic and Temasek Polytechnic yesterday signed a memorandum of understanding with the Federation of National Colleges of Technology in Japan to further cooperation in research and education through cultural exchange programmes and internships for students. The national colleges57 words
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ECONOMY WATCH
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701 2006-08-04 11 Investments in new start-ups hit 4-year high; funds set new records AP [PALO ALTO, California] A new era of excess is coming to the venture-capital business in the United States, with wallets yawning wide to finance new start-ups and funds swelling to newAP - 701 words
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479 2006-08-04 11 [BEIJING] What if China heeded US advice and jacked up the yuan but its trade surplus failed to shrink? Some economists are coming around to the view increasingly expressed in Beijing that the structure of China's trade makes the surplus479 words
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Article5830 2006-08-04 11 UNIT TRUSTS FUNDS ACMGIAmer Income A EUR 6.63/ ACMGIAmer Income BEUR 6.63/ 1<M ACMGI Europ Income Opp ATSGO 15.07/ ACMGI Europ Income Opp BT SGO 15.07/ ACMGI Europ Income Opp AT El* 7.4V ACMGI Etrop Income Opp BT EUR 7.45/ ACMGI Europ income Opp A EUR 7.45/ MIL ACMGI Eirop5,830 words
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Advertisement2 2006-08-04 11 MJH H^^^HH|Hffl^^^HQiUKllllWj|ffll)MHWII^HBHMK|ll|l|»IIilllym2 words
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MALAYSIA/INDONESIA
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662 2006-08-04 12 S JAYASANKARAN - Firm believes incinerator project called off, wants redress of RM500m By S JAYASANKARAN in Kuala Lumpur EBARA Corporation, a Japanese company that was supposed to lead the construction of a RM1.52 billion (*****.74 million) incinerator in Malaysia, has filed a RMSOO662 words
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306 2006-08-04 12 [KUALA LUMPUR] The multi-billion-ringgit South Johor Economic Region (SJER) master plan will be completed and launched by the end of this year, Malaysia's Business Times reported, quoting the government investment arm Khazanah Nasional Bhd, which oversees the project. "We have completed306 words
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Article2302 2006-08-04 12 wot General Corp .0.57 -0.03 39 *■>3 1 *4- (HO Genting .24.60 -0.20 238 George Kent .0.49 -0.01 10 ASM Realty 150 unch 0 GHL Systems 031 -0.01 742 A* 5 1 033 <***> 18 GlobetronksTech 0.31 0.01 399 ACP Industries .0.86 0.02 401 GlomacBhd 1.18 -0.01 262,302 words
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Article, Illustration466 2006-08-04 12 PAULINE NG - By PAULINE NG in Kuala Lumpur TENAGA Nasional president and chief executive officer C{ie Khalib Mohamad Noh yesterday attempted to downplay reports that its Indonesian operations could incur losses of more than RM2OO million (5586.7 million) stemming from a problem with its466 words
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221 2006-08-04 12 Reuters [KUALA LUMPUR] Malaysia's dominant power utility, Tenaga Nasional, hopes talks with independent power producers on the purchase of electricity will be finalised this year, its chief executive said yesterday. Tenaga wants to renegotiate earlier contracts made with Malaysia's private power producersReuters - 221 words
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416 2006-08-04 12 [HONG KONG] China Oilfield Services (COSL), the nation's dominant offshore oil and gas drilling firm, was quoted by the South China Morning Post as say-. ing that it was considering making an offer to buy Apexindo Pratama Dutaan, an Indonesian oil services416 words
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BRIEFLY ASIA
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70 2006-08-04 12 Bloomberg [SAN FRANCISCO] Yahoo! Inc and venture capital firm Canaan Partners invested a combined US$B.65 million in Indian matchmaking site BharatMatrimony.com, adding to Yahoo's 10 acquisitions and investments in the past year. BharatMatrimony.com, a Chennai-based company with 7.5 million users, will also get promotionalBloomberg - 70 words
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115 2006-08-04 12 Reuters [KUALA LUMPUR] Shares of companies in the stable of Malaysia's UEM Group jumped in early trade yesterday after the government chose the infrastructure group to build a bridge in northern Penang state. UEM Buiders rose as much as 10Reuters - 115 words
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125 2006-08-04 12 Reuters [HONG KONG] Lenovo Group, the world's third-largest computer maker, beat expectations by squeezing into the black in the first quarter, even as it struggled to turn around the loss-making business it bought from IBM. Lenovo has been coping with expenses arisingReuters - 125 words
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126 2006-08-04 12 AFP [HONG KONG] Macau will leap-frog Las Vegas Strip as the world's strongest casino market this year, analysts said on Thursday, predicting its gaming halls will generate US$B billion by 2007. With more than US$2O billion worth of investment committed toAFP - 126 words
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GREATER CHINA/INDIA
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543 2006-08-04 13 ANE MOIR - Critics pin blame on lax corporate regulation for the missing millions By ANE MOIR in Hong Kong A FINANCIAL scandal at Hong Kong-listed Ocean Grand Holdings, whose bonds have also been sold to Singapore investors, has hit the city's corporate governance reputation543 words
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495 2006-08-04 13 Bloomberg [BEIJING] The Chinese government's new takeover rules may spur mergers and acquisitions (M&As) in the world's fourth-largest economy by removing ambiguities and lowering the bar for buying another company, analysts and lawyers said. Investors acquiring over 30 per cent of a listedBloomberg - 495 words
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348 2006-08-04 13 Reuters [MUMBAI] Indian utility Tata Power Co Ltd is in talks to buy coal mines in Australia, Indonesia and South Africa to tie up fuel supplies for its proposed 15,000-megawatt capacity expansion, a top official said. The company, which supplies power to theReuters - 348 words
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Page 13 Advertisements
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Advertisement2159 2006-08-04 13 IN THE MATTER OF SFPPO fntfrpbisfs THE COMFMMESAct'CAP SO IN THE MATTER OF THE W THE MATTER OF THE THE COMPANIES ACT, THEeWWJBACT.MP.SO COMPAMBACTCAPSO COMPANIES ACT, CHAPTER SO COMPANIES ACT. CHAPTER SO CHAPTER 50 (In Members' Voluntary Liquidation) IN THE MATTER OF IN THE MATTER OF NOVARTIS CONSUMER ZOMBA APRO2,159 words
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Advertisement203 2006-08-04 13 k flMr 1 JHHH^^Hr LOST SHARK CERTIFICATES The following share certificate! have been reported lost, destroyed or mislaid:Nome of Company C+ftifogfrN?. Nqnry pf No. of Shore* ComfortDelGro *****8 Sng Seng Keow 1 x 7,000 Corporation Limited Keppel Corporation *****75 Wee Soon Teck Albert Ixl,ooo Limited -do- *****58 -do- 1 x203 words
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ASIA-PACIFIC/WORLD
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364 2006-08-04 14 AP. Bloomberg [TOKYO] Toyota Motor yesterday detailed improvements it would make to its vehicle recall programme amid a continuing criminal investigation. In a report to the transport ministry, the company will monitor possible defects more closely after the government ordered Toyota to improveAP.; Bloomberg - 364 words
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Article, Illustration608 2006-08-04 14 ANTHONY ROWLEY - New strategy includes giving more voice to Asian economies in Fund By ANTHONY ROWLEY in Tokyo INTERNATIONAL Monetary Fund (IMF) managing director Rodrigo de Rato yesterday unveiled an ambitious agenda for next month's annual meeting of the IMF and World Bank in608 words
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Article167 2006-08-04 14 Bloomberg [LONDON] The central banks of the euro region and the UK raised interest rates to restrain inflation after economic growth accelerated. Stocks and bonds fell as investors bet borrowing costs are headed higher. The ECB lifted its benchmark rate a quarter jfriot toBloomberg - 167 words
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338 2006-08-04 14 LATEST US DATA Reuters, AFP [CHICAGO] US retailers including Target Corp and Gap Inc posted disappointing July sales yesterday as soaring temperatures and high gasoline prices crimped early back-to-school demand and stoked concerns about consumer spending. Costco Wholesale Corp, Pacific Sunwear ofReuters,; AFP - 338 words
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Page 14 Advertisements
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Advertisement76 2006-08-04 14 Achiever OF THE .^^Kf r I 0t I Bijjy Kb I M ImMHM Jr Jk I ft B 3Hk B iM jB V I dM Ml ®t. Bk HM IK*-" k .>JL 4 -mR' al H^l Mr MAR DAN MAM AT I For setting new standards in sport through his76 words
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KEPPEL.CLIPPER – ROUND THE WORLD
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Article, Illustration1245 2006-08-04 15 VINCENT WEE - Racing round the world has changed the lives of almost every one who's done it, says BT journalist and sailor VINCENT WEE VINCENT WEE THE Clipper 05-06 Round the World Yacht Race has been an odyssey for everyone that has been involved with the Uniquely SingaporeFILE PHOTO - 1,245 words
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Article, Illustration344 2006-08-04 15 VINCENT WEE - By VINCENT WEE MY involvement in long-distance sailing was fuelled by a fascination with the ability to travel vast distances using only the raw power of nature. I love the sea and everything to do with it, and I am a traveller at heart who wants toFILH PHOTO - 344 words
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Advertisement8 2006-08-04 15 This series Is brought to youbyKeppel Corporation countries,8 words
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AVIATION
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582 2006-08-04 16 VEN SREENIVASAN - It'll have presence in four Japanese airports through ShinMaywa By VEN SREENIVASAN [SINGAPORE] Swissport International which already has operations in Singapore, the Philippines and Korea has expanded its Asia Pacific footprint by purchasing a Japanese ground services specialist. The ground services specialist yesterday582 words
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LOG BOOK
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60 2006-08-04 16 Bloomberg [BEIJING] Air China Ltd aims to raise as much as 7.97 billion yuan (Ssl.6 billion) selling local-currency shares to fund expansion in the world's second-biggest aviation market. The airline will sell as many as 2.7 billion yuandenominated A shares for betweenBloomberg - 60 words
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56 2006-08-04 16 Reuters [BANGKOK] Bangkok's multi-billion dollar new airport, plagued by corruption scandals and delays, has received unofficial backing to open on Sept 28 from the world's main civil aviation body. The UN-affiliated International Civil Aviation Organisation (ICAO) denied reports suggesting it had misgivings about theReuters - 56 words
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52 2006-08-04 16 Reuters [ROME] Italian private airline Air One has been fined a minimum of 150,000 euros (S$303,406) for flight cancellations and delays, and the penalty could reach 450,000 euros, civil aviation authority Enac said yesterday. Air One had to cancel dozens of flights onReuters - 52 words
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60 2006-08-04 16 AP [TOKYO] Kawasaki Heavy Industries Ltd said yesterday it will end its 15-year-old contract to supply body panels to Airbus for A 321 aircraft at the end of March. The Japanese heavy machinery maker said it decided not to extend the contract because theAP - 60 words
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Article, Illustration380 2006-08-04 16 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) plans to sign agreements with airlines from China, Italy and other countries to sell tickets on each other's flights, as it aims to boost traffic on overseas routes. Malaysian Airline, which signed a so-calledBloomberg; AFP - 380 words
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155 2006-08-04 16 AP [HONG KONG] Hong Kong's airport has received approval from Beijing to manage Zhuhai Airport in the southern Chinese province of Guangdong under a joint venture agreement, in a move that aims to foster an integrated southern China aviation hub. The HongAP - 155 words
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Article, Illustration364 2006-08-04 16 Typhoon disrupts planes, trains and ferries across Southern China Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Ktmg's largest airline, halted all flights to and from the city until 9am today because of Typhoon Prapiroon, which has disrupted planes, trains and ferries across SouthernBloomberg; AFP - 364 words
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304 2006-08-04 16 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] SIA Engineering Company (SIAEC) has joined hands with Boeing Co in a deal to help improve airplane turnaround times and reduce operation costs. SIAEC is the first maintenance, repair overhaul (MRO) operation to join Boeing's Integrated Materials Management304 words
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Article2218 2006-08-04 16 orr MB B> MB M gamo 1640 SQ146 1640 QF137 1805 GA841 1755 AfcfPfcaM 11?? VFS42 2205 *3148 1900 LH9771 1750 LH9770 2345 55- W* 7 22?5 Iff 144 915 SQ 2 1750 SQtt? «4? 0550 1930 A!""**** 5Q443 0625 55- SI g&f Amstardam L***** 06302,218 words
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SHIPPING
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Article, Illustration581 2006-08-04 17 DONALD URQUHART - Overseas project marks planning group's first EPC contractor role By DONALD URQUHART [SINGAPORE] JTC Corp subsidiary, Jurong International, has bagged a contract worth an estimated US$7O million to design and ultimately implement a West African port's ambitious expansion plan as it seeksFILE PHOTO - 581 words
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976 2006-08-04 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR A VOYAGE charterer that loads a vessel after accepting an early notice of readiness from a vessel owner cannot later claim that "laytime" had not started under the charter, the English Court of Appeal ruled last month.976 words
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359 2006-08-04 17 GEORGE JOSEPH - By GEORGE JOSEPH [SINGAPORE] The UN agency for maritime affairs is taking the lead in coordinating an international response to an oil spill that threatens sandy beaches, fishing ports and marinas lining about a third of the Lebanese coastline with359 words
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108 2006-08-04 17 Bloomberg [ATHENS] A Greek container ship collided with a South African trawler north-west of Cape Town, Greece's Merchant Marine Ministry said. The container ship, the Greek-flagged Anangel Splendour owned by Anangel Shipping Enterprises SA, and a second trawler were able to rescue theBloomberg - 108 words
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Article274 2006-08-04 17 SGX '000 Aug! St Vol CH Offshore .0.35 <M>1 St Oman Hup j0.33 unch 241 Cosco Corporation 1.49 -0.02 5232 CWT Distribution .0.62 unch 265 Ezra Hldgs -2.53 0.03 1059 Freight Imks .0.06 -0.01 517 Grand Banks Yacht .0.92 unch 10 Jaya Holdings 1.33 -0.01 675 K1 Venture274 words
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Page 17 Advertisements
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Advertisement105 2006-08-04 17 H 153—31 A w M M MV MM I BREAKING NEWS HI ttfii I m M i fj I -mt+mm-; I I o|/ kfjfm if s*pora dmi towstiMiiti I wm M K K M A I U M f A I O SMS"sphnews"to7lll7 I I You'll receive a cost-free SMS105 words
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EDITORIAL & OPINION
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517 2006-08-04 18 EDITORIAL WHEN Alexander Graham Bell filed his patent for the telephone in 1876 reportedly beating a competitor by just two hours the inventor knew he was on to something big. Some 130 years on, the telecom industry has in fact grown far beyond the517 words
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Article, Illustration1342 2006-08-04 18 HEATHER TIMMONS - The challenge for marine energy scientists is turning research into viable commercial models By HEATHER TIMMONS NYT THERE is more riding the waves here in Newcastle, England, than surfers, thanks to a growing number of scientists, engineers and investors. A groupNYT; REUTERS - 1,342 words
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Article, Illustration863 2006-08-04 18 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent THE breakdown of the Doha Round of global trade talks is a reflection of the failure of the Bush administration to project US leadership in the geo-economic arena. If Washington does not take863 words
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Article, Illustration1987 2006-08-04 19 MAUREEN FAN - While cities are booming, drawing migrant workers from the countryside, other communities are shrinking By MAUREEN FAN LAT-WP Nestled mid-slope in the foothills of China's secondpoorest province, Dacitan is a village run almost entirely by women, mothers who work the potato and wheatLAT-WP; REUTERS - 1,987 words
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648 2006-08-04 19 Mak Yuen Teen Singapore - Can 'for-hire' professor still be a role model? LETTERS TO THE EDITOR Mak Yuen Teen Singapore THE article "When academia sells out to commercialism" (BT, Aug 1) struck a cord with me. As a business school professor, 1 must say that business school academics are particularly vulnerable to selling out648 words
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Article222 2006-08-04 19 Peter Heng - Peter Heng Director. Corporate Communications SingTel WE REFER to the Hock Lock Siew "Why is there a CEO scramble at Sing Tel, NOL?" (BT, Aug 2). We would like to put in perspective the issues raised in the column. The column seems to suggest that there222 words
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Page 19 Advertisements
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Advertisement103 2006-08-04 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph.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 mind libel103 words
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Advertisement6 2006-08-04 19 Jflf Love Always Suzanne Walker 12pm6 words
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Article10722 2006-08-04 20 SGX MAINBOARD Transaction date: Aug 3 H-W* w Last Vol Day lact Quota GrOiv Mv GrYM Net MCap High Low Code Gxapany Safc COOP) High Low »wyr Sa««r CVr W i3 4 1 5716 1st Software 5c 2.5 2 2.5 10.1 115 6 3148 8TelecomUS2c 7 unch 1010,722 words
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Article6127 2006-08-04 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES lalocalcarr In SS InUSS dy yr dy yr dy %yr Aug 2 Index Change Oany Chug* Change Change Change Work) Inde* Preliminary 994.1 0.8 2.5 1.1 0.7 1.1 6.0 *EAFE Preliminary 9993 0.6 2.7 U 4.4 U 9.8 EMBpePlUiiiMiy 1345J 13 45 136,127 words
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Page 22 Advertisements
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Advertisement1068 2006-08-04 22 Destination Destination AFRICAN HON RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL EVGENIA RDM/ATW/BMN/TIB/NAN Loads Singapore, E./W. Malaysia, Indonesia A Loads E./W. Malaysia, Indonesia MIPPLE.EAST SERVICE F.EA.E.A. SERVICE Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT PAN DYNAMIC JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES1,068 words
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Advertisement55 2006-08-04 22 DST LINES PTE LTD (IQOKING AGENT FPU TRAMPER VESSELS) CONVENTIONAL SERVICE M.V C. CUPPER DAMMAN, JEBEL ALI, BANDAR ABBAS 20-25 AUGUST 2006 HEAVY LIFT UP TO 100 TONS For bookings, Phis* mmt to damnitg@singnel.com.sg or <knmbdm@singnet.com.sg Or call us at 626-***** *****329 *****728 or fox *****347 Attention: Mr Anthony Ohm55 words
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Advertisement625 2006-08-04 22 R DONGNAMA LINE —t?, ■■■■■■Tss'iiii COWlMliroiylß WnViOl VTSSQ{TVERYSAT) VOY SGf KG (MTTERMMAL) OMOmiMUGHT 071E 10/ M 14/ M YM INTELLIGENT P« If/N 23/0* VESSa (EVERY SUN) VOY fsGP HUG KOttHMMN HM3O3 M/M 10/* KOTA HASH HAS4M 13/01 17/01 VESSa (EVERY SUN) VOY SGT MG IVY VW KOOE molguxy soito m/oo625 words
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Advertisement581 2006-08-04 22 ItMTfßAttft RORO HWYICi vßsa/voT uma) hbohtw m not to J 5 jkt STtAITS VEKTUtE 14/06 IS 3.2 04/08 04/08 10/ M 13/01 15/06 SHAHS VBtTUK IS/06 IS 12 17/ M 20/0S 26/06 21/06 31/01 STMTS VBm«fl6/D6 IS 3J 01/ M iMHWAHtM XW> aHHH I I VBSa/VOT MWfgT) HBCHUH KB SWIMB581 words
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Advertisement1429 2006-08-04 23 WAN HAI INTERNATIONAL PTI LTD 01 no **********0/s VT>A linn T1L*****588 (14IMS) FAX:6224U63 \M WAN HAI I INFn c to^r Swvke/lookhgjDHctlk.-(1800)*****200 Y llVflHll I Inl kllwa. V Hal* (031J944H11 HUfc MS) 3J42J2M HI 1*104) 22*5900 MX: |04»2294»99 Y MM 2SIMB ML- 107)*****21 SW IB: (031)*****75 NUb (031) *****14/ *****05 www1,429 words
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Advertisement1134 2006-08-04 23 |-|T\ EASTERN CAR LINER, LTD W 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TOWS MTRA-ASIA SRVKE VOT R«t UHtef I SIN TPf PKUN) PKL(W) PNN *T lO MUA SIM MIRI ITU SILVER RIVER 3 30 I 07/01 I 08/06 l l/W 12/ M MERuotucE :n —So I M/oi I1,134 words
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Advertisement884 2006-08-04 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSa VOT SW PJOAM6 COUMMO N.SKVA CWOtWO mnrn msLSua. 02m am km am HOWMHIMtt 0054W 09 ADC 10 AUG 13 AUG 16 AUG 20 AUG KOTA P9WIM YPWOB9 IS AUG It AUG 19 AUG 72 AUG 26884 words
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Advertisement733 2006-08-04 24 ONordcna (Asia) Pie Ltd 70 Shwmw Way, *21-03 Martw How Sifopf *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES WSSS m jhffw Ffwwith I frlffrjfltm PwfcMwH before JL 277ul lIJI Jul OTAwZZ UM Ma Hgg £4QZ 21M J QISw P?fo Hist mss733 words
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Advertisement633 2006-08-04 24 8W SKa— -mm StstffiMff* m —M/jj —H7g moan m rata refa tEHB 17HW Iffl 5575 TDonmn wrc irH rrm Ismmi uig «/M li'/U imimi wn m'/bi h>oi -Brt S fIW Hb— -Hk —fITTIST In I H IBj lj_ E life Ij IHPggg«T>rwiT m SSZM n/o« n/0» I 1 19/01 I633 words
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Advertisement522 2006-08-04 24 CONVENTIONAI SERVICE LOADING FOR LOADING FOR LOADING FOR CHENNAI COLOMBO MUMBAI 4 AUG 12 AUG 14 AUG LOADING FR VIETNAM BTH AUGUST lmluißfi»wiMTWwßiwiin I SINS 1970 I OWNS A OPERATES THE YOUNGEST FLEET I WTTH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING I I THE ENTIRE ASIA PACIFIC PORTS I a522 words
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THE BUSINESS TIMES SHIPPING TIMES
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7011 2006-08-04 25 This ETA ETA Adwtstr Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dcsfn Nunc Mmrc Number NumImc SIN DufR Nunc nmm Nuinbcf Numbw 13/09 28/09 Montana PRINCESS MARY PM608 *****907 To ABIDJAN (ABJ) 2003 Cote D'lvoire 17/09 25AJ9 PTDjakarta KAMAKURA 030S *****2037,011 words
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WINE
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990 2006-08-04 26 N K YONG - Visiting Chateau Ausone is always an eagerly anticipated pleasure for N K YONG N K YONG THE life-history of any great wine property is marked by significant milestones and those milestones are nearly always the achievement of single individuals who have the combination990 words
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Page 26 Advertisements
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Advertisement459 2006-08-04 26 24 Lorong Mambong (Holland Village) jy* 7W.- 6467 4101 57 Boat Quay 7W. 6533 0412 Exclusively for Diners Club Cardmembers: l-for-l main course for lunch 20% off otal bill for dinner I (On food only Valid from Monday* to Friday!) Tama A Conditiona Promotions valid until 31 October 2004 Please459 words
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Advertisement57 2006-08-04 26 9 Surpassing the C CREFK S VeV y eSt °fNZ S gggg Sauvignon (Btancs i 90 Points, Smart Buy Highest rated wine in the New Zealand/ Australian category March 2006 Wine Spectator Blue GoldSydney International Wine Competition 2006 Gold Air NZ Wine Awards 2005 Gold Wines for Asia 2005 c57 words
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Page 26 Miscellaneous
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Miscellaneous384 2006-08-04 26 CRYPTIC CROSSWORD ACROSS dow-shop, for the most 1 One watches carefully in w audition (3,6) u m rning conditions, we hear (3) 7 A principal unknown in ds- 5 B ackandgreen sfjne 4) nr 16 Champions are fed up with tLSILSm b|eC,iVe(7) hemorrhaged I 8 Roww th3(s heard (3) WaS384 words
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BOOKS
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Article, Illustration679 2006-08-04 27 PARVATHI NAYAR - WORDS FROM THE TOP Maria Brown, managing director, acquisitions and programming, of Asian Food Channel talks to PARVATHI NAYAR about the power and fun of well-written words PARVATHI NAYAR Q. Since joining the Asian Food Channel (AFC), do you read more food-related books? A.ARTHUR LEE - 679 words
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Article370 2006-08-04 27 A fortnightly listing of the latest books available in S'pore Non-Fiction Final Notes from a Great Island by Neil Humphreys ($14.70) Humphreys shares with us an honest, insightful, always funny and uplifting tribute to Singapore before leaving for Australia, after 10 years in Singapore. The Age of Fallibility370 words
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Article655 2006-08-04 27 PARVATHINAYAR - PARVATHI NAYAR looks at whether film-book tie-ins work out well. The reviews of some joint efforts are below PARVATHINAYAR i i 00KS and films ofI 1 ten make bad marriages,'' says author I 1 Michael Ondaatje to w—J editor Walter Murch in a wonderful book called The655 words
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Article, Illustration457 2006-08-04 27 Melissa Lwee - Snakes on a Plane by Christa Faust See No Evil by Dan Madigan By Melissa Lwee FOR those squeamish about all things that crawl, Snakes on the Plane is not for you. The book is based on the New Line Cinema movie starring Samuel L Jackson and is about457 words
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Article, Illustration278 2006-08-04 27 Uma Shankari - The Devil Wears Prada by Lauren Weisberger By Uma Shankari SINCE its publication in 2003, Lauren Weisberger's The Devil Wears Prada set in the glamorous world of high fashion has been embraced by chick-lit lovers and fashionistas everywhere. And as to be expected, Hollywood has cashed in on the278 words
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Article, Illustration323 2006-08-04 27 Uma Shankari - An Inconvenient Truth by Al Gore By Uma Shankari FORMER presidential hopeful A 1 Gore has certainly been busy since losing the presidential race in 2000. Probably everyone in the United States must by now be aware of his single-handed crusade against global wanning, which has led to the323 words
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CINEMA
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Article, Illustration741 2006-08-04 28 GEOFFREY EU - Works by first-time auteurs put new spin on troubled teens, says GEOFFREY EU GEOFFREY EU The Internet Age perils of unchecked forays into cyberspace by children are portrayed this week with varying degrees of success in two interesting independent movies by first-time741 words
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Article, Illustration371 2006-08-04 28 GEOFFREY EU - By GEOFFREY EU THE darkly comic Danish film Adam's Apples makes a compelling cinematic case for the old adage that God works in strange and mysterious ways, with a tale that is a loose reworking of the Bible's Book of Job. It follows the371 words
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Article, Illustration264 2006-08-04 28 UMA SHANKARI - DVD By UMA SHANKARI ROYSTON Tan is one of Singapore's most celebrated artistic talents, and with this collection of 10 short films he shows us just what it is that makes him so special. Tan is perhaps best known for the controversial264 words
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Page 28 Advertisements
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Advertisement650 2006-08-04 28 I Dance On Gastronomic Experience modern interpretations I of all-day bistro-style European and -m -1-- -r- a An out-of-the-box dining experience by a B »l I 1%. Ik j Mediterranean cuisine in the comfort of A 1,, I Cloud INine... INow At GJa rrmx -L. d i stin g U650 words
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ARTS
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Article, Illustration1269 2006-08-04 29 PARVATHI NAYAR - Legal eagle and playwright, Eleanor Wong, takes time off her busy schedule to chat with PARVATHI NAYAR PARVATHI NAYAR WHEN The Campaign To Confer The Public Service Star On JBJ opens next week at the inaugural Singapore Theatre Festival (STF), its playwright, lawyer/educator Eleanor WongFILE PHOTO - 1,269 words
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419 2006-08-04 29 AARON LYE - By AARON LYE THE thing about metaphor is that, if used properly, it drives home the message with unmatched clarity. That, fortunately, is the case with Samantha Scott-Blackhall's doublebill production of Dora Tan's 41 Hours and Verena Tay's The Car. 41 Hours419 words
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Article, Illustration566 2006-08-04 29 PARVATHI NAYAR - By PARVATHI NAYAR "WHEN I got the call from the Ministry of Education (MOE), I went into denial. It's only now, listening to the enthusiasm of everyone around me, that I'm starting to get really excited," says tense-sounding playwright Haresh Sharma, prior to the launch566 words
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Article, Illustration442 2006-08-04 29 CHEAH UI-HOON - By CHEAH UI-HOON ONE of the highlights of 14-year-old piano prodigy Clare Yeo's year was performing at the United Nations Headquarters in New York City. That, and learning composition and French, she said, matter-of-factly, in a telephone interview from Aspen, Colorado, where she was442 words
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Page 29 Advertisements
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Advertisement32 2006-08-04 29 iKis§B*" > I HCIK > S ?swp»3?Bi®spp& Wmm^ -J.„%'s-*;~ 'igffr 'y I I I century l I the commode. The with glided brw. LIVING DINING {tfr BEDROOM {fe OFFICES ffr ACCESSORIES LIGHTINGS <fr CARPETS32 words
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executive lifestyle
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548 2006-08-04 30 jaime ee - off the cuff jaime ee IF death and taxes are the two sure things in life, one is tempted to add one more item: bus and MRT fare hikes. True enough, just hours before the Aug 1 deadline, the local public transport548 words
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Article, Illustration1443 2006-08-04 30 MELISSA LWEE - Alcohol companies are fighting tooth and nail to go one up on their competitors. MELISSA LWEE reports MELISSA LWEE MOST people in Chan Yik Ley's age group would never choose cognac as their choice of poison. However, the 22-year-old student and his group of friends stand1,443 words
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Advertisement36 2006-08-04 30 0 Herman Miller classics find out why ttrese pieces remain tnje classics www, hermarYTiiler. com/classics ILh.lLA*m ~\r exekwverfy avaitabte at uH support authentic dMfcna Xtrafiving 9 penang road 01-01 park malt 6336 0688 elivingOxtra.oom.SQ JL JL36 words
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Advertisement9 2006-08-04 30 books Words from the Top with Maria Brown PG279 words
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