The Business Times, 13 March 2007

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Microfilm: NL27342
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION Tuesday March 13,2007 inline at http://business-times.asia1.com.sg MICA (P) 202/12/2006
    20 words
  • Article
    Lock icon S'pore employers most bullish about jobs in Q2
    805 1  -  Over half stepping up hiring; rosiest view in 27 countries By CHUANG PECK MING [SINGAPORE] The outlook for Singapore's job market has never been better. Over half of the employers USbased Manpower polled recently said they would step up hiring in the
    805 words
  • Article, Illustration
    Lock icon Economy seen growing 5.5% in Ist 9 months
    636 1  -  Forecast by economists in MAS survey amounts to slowdown from last year's average 7.9% pace By ANNA TEO [SINGAPORE] The economy is projected to grow 5.5 per cent in the first nine months of this year before picking up to a 6
    Source: MAS  -  636 words
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  • TOP STORIES
    • Article
      Lock icon Govt can keep land it got for $4.2 m: Court
      482 2  -  Developer had sought return of land acquired in 1983 and now worth an estimated $100 m By WEE LI-EN [SINGAPORE] The government does not have to return a $100 million plot of land to a property developer for the $4.2
      482 words
    • Article, Illustration
      Lock icon Litigator carves niche with one-man law firm
      852 2  -  By MICHELLE QUAH [SINGAPORE] Setting up your own business is tough, and even more so in an industry where opinion of sole proprietorships hasn't been glowing of late. In such a case, it helps to have an edge. And Nicholas Narayanan who has
      852 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      549 2 China set to pip US as top Japan trading partner CHINA is expected to overtake the US this year as Japan's biggest single trading partner, having just missed doing so in 2006. Japan's trade with China rose by 11.5 per cent to $211 billion last year, crossing the
      549 words
    • Article
      Lock icon MARKETS DIGEST
      136 3 STI 3,182.68 (+38.97) ST INDEX FUTURES 3,181.00 (+38.00) SIMSCI 390.81 (+6.55) SIMSCI FUTURES 390.80 (+6.50) MARKETS Monday Change KLCOMP 1,203.29 +14.46 NIKKEI 225 17,292.39 +128.35 HANG SENG 19,442.42 +307.54 SET INDEX 672.36 +1.19 JAKARTA COMP 1,794.52 +29.94 MANILA COMP 3,124.96 +25.14 SEOUL COMP 1,441.33 +17.75 SHENZHEN B 489.58
      136 words
    • Article, Illustration
      Lock icon China set to pip US as Japan's top trade partner
      638 3  -  Some see risk in Japan becoming 'overdependent' on China By ANTHONY ROWLEY in Tokyo CHINA is expected to overtake the United States this year as Japan's single biggest trading partner, having just missed achieving that status in 2006, according to
      REUTERS  -  638 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Acquisition the mantra of new NOL boss
      821 4  -  HOCK LOCK SIEW By DONALD URQUHART WHEN reporters and analysts filed out of the Neptune Orient Lines boardroom on a typically languid tropical evening two weeks ago, there was one thing that surely enveloped their senses more than the humidity: the ringing in
      BLOOMBERG  -  821 words
    • Article
      Lock icon NOL sets up US$300m credit facility: sources
      119 4 Reuters SINGAPORE'S Neptune Orient Lines, the world's eighth-biggest container shipping firm, has set up a USS3OO million credit facility for general corporate needs, sources close to the deal said yesterday. The seven-year loan is structured as a revolving credit for the first three
      Reuters  -  119 words
    • Article
      Lock icon China Petrotech unit wins oilfield contract
      243 5  -  By BENITA AW YEONG A WHOLLY owned subsidiary of China Petrotech Holding, Petroservices Engineering Inc (PEI), yesterday clinched a seven-year deal to develop and produce oil from a 15 sq km oil block in Shaanbei, China. The contract was awarded by a unit of
      243 words
    • Article
      Lock icon Ex-Chuan Hup MD to make general offer
      486 5  -  By MICHELLE QUAH CHUAN Hup Holdings' substantial shareholder and former managing director Peh Kwee Chim is set to make an offer for some 70 per cent of the company that he does not already own, after triggering the 30 per cent shareholding level
      486 words
    • Article
      Lock icon UOB buys SGX Centre space
      666 5  -  It's paying SGX $271 m for it and then leasing all of it back to the exchange for 7 years By KALPANA RASHIWALA UNITED Overseas Bank (UOB) is buying the space owned by Singapore Exchange at SGX Centre for $271 million, or $1,599 per square
      666 words
    • Article
      Lock icon Slow growth for SGX Asia Clear with OTC deals hitting US$530m
      445 5  -  By RONNIE LIM IT has been a slow, albeit steady, growth so far for SGX Asia Clear the Singapore Exchange's over-the-counter (OTC) clearing facility for energy and freight derivatives. Its US$53O million-plus worth of OTC contracts done since its
      445 words
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      23 4 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.corn.sg to book your auction notice in our newspapers now.
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Bank, property stocks lead STI higher
      642 6  -  STOCKS Trading activities modest by recent standards; CIMB, DBS Vickers warn of continued volatility TEH HOOI LING Senior Correspondent STOCK investors the world over have steadied themselves after the volatility in the last two weeks, with more returning to the market and chasing share
      642 words
    • Article
      Lock icon BROKERS'TAKE
      481 6  -  Compiled by MATTHEW PHAN Technology sector CITIGROUP RESEARCH, March 9 Key takeaways from our Global Tech Day. Recovery intact: Our recently concluded Global Tech Day re-af-firms our view industry's fundamentals are improving and earnings poised to recover in 2Q07 particularly for semi names as inventory is largely worked down.
      481 words
    • Article, Illustration
      Lock icon Counter-rally not in sight yet
      172 6  -  CHART POINT By HANS CHIN, By HANS CHIN, chartist at Kelive Research DESPITE a positive US employment report last week, the moderate rise in average hourly rates continues to draw concerns over near term inflation risks and the likelihood of monetary easing being postponed to
      172 words
    • Article, Illustration
      Lock icon Untitled
      946 6 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Unch Up Down Umh Multilnd 12 1 4 1 0 0 13 1 4 Manufacturing 108 37 51 15 5 14 123 42 65 Commerce 39 13 20 6 4 4 45 17 24 Tpt/Stor/Comms 27 2 10 2
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    • Article, Illustration
      Lock icon Price pressures in focus as risk aversion fades
      517 6  -  CURRENCIES LARRY WEE Senior Correspondent CARRY trade players once again emerged in fine form during Asian currency trading yesterday, as the risk aversion fears of the past fortnight continued to fade with improving sentiment in global stock markets, and a decent set
      Source:Reuters  -  517 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon UOL bags Green Meadows for $255 m
      347 7  -  PROPERTY MATTERS Breakeven cost for a new condo could be $560-$580 psf: market watchers By KALPANA RASHIWALA UOL Group has bought Green Meadows at Upper Thomson Road for $255 million through a collective sale. The unit land price for the 455,379 sq ft
      347 words
    • Article
      Lock icon SPH sells last remaining Sky@eleven unit
      261 7 SINGAPORE Press Holdings (SPH) has sold the last remaining unit at its freehold Thomson condominium Sky@eleven at "above the average price", the media giant said yesterday. When the condo was launched in January, all 273 units were snapped up within 30 hours at an
      261 words
    • Article
      Lock icon COMPANY BRIEFS
      154 7 SPC sells Tiger stake to STX for $30.5m SINGAPORE Petroleum Co (SPC) has sold its 40.16 per cent stake in Tiger Oil Corp to STX Energy Co for about $30.5 million. Completion of the sale is expected to be by end-June. Cheng Nam Sang named Aussino COO AUSSINO
      154 words
    • Article
      Lock icon Ascott's property trust seeks to raise $199 m
      338 7 It is selling 105.26 m new shares to fund expansion Bloomberg ASCOTT Group Ltd's property trust, owner of more than a dozen serviced apartments across Asia, said it is raising $199 million by selling new shares to expand in markets such as
      Bloomberg  -  338 words
    • Article
      Lock icon Sing Tel could be big Saudi market player
      493 8  -  That is,if associate Bharti Airtel wins lucrative third mobile licence By SIOW LI SEN SINGAPORE Telecommunications may become an active player in Saudi Arabia's telephone market if its associate Bharti Airtel wins the kingdom's third mobile phone licence reported to be worth
      493 words
    • Article, Illustration
      Lock icon Koon-Valecha deal beneficial: chairman
      458 8  -  By WEE LI-EN THE controversial deal that Koon Holdings struck with Indian-listed Valecha Engineering is beneficial to the company, its newly appointed executive chairman and independent director Wang Kai Yuen told BT yesterday. A split in the board over the deal had caused founder and former
      458 words
    • Article
      Lock icon BURSA MALAYSIA
      2503 8 vol Mm II «M *4- C000) AiMRealty 1.66 unch 2 AbricBhd .0.36 -0.01 163 Acp Industrie! 1.65 0.04 196 Advance Synergy .0.30 unch 697 Adventa Bhd J)M0 -0.04 3 Ae Multi Hldgs .0.36 0.01 97 Affin Holding 2J5 0.01 2604 Ahmad Zakiltasou .2 53 0.02 61 Ak Corp
      2,503 words
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      23 7 can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa
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      Lock icon Page 7 Advertisements Column 2
      243 7 "Having the dedication to be the best and not being satisfied until you've become the very best." The perfect restoration of a classic automobile can require up to three years or 10,000 manhours of work. For Rob Myers, everything is a question of will and determination, until the best possible
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  • SINGAPORE NEWS
    • Article
      Lock icon AmCham lauds new political group for expats
      418 9  -  Body hopes it'll look at tax issues affecting them By CONRAD TAN THE American Chamber of Commerce (AmCham) in Singapore yesterday welcomed the establishment of a political group in the US Congress last month to look at issues affecting Americans working abroad. Groups
      418 words
    • Article, Illustration
      Lock icon HSBC consumer banking profit in S'pore up 23%
      603 9  -  Home loans, credit cards, wealth management post double-digit gains By CONRAD TAN PROFITS from HSBC Singapore's consumer banking business rose 23 per cent last year, driven by good income growth, said its head of personal financial services, Wendy Lim, yesterday. The increase
      603 words
    • Article
      Lock icon UBS Asset Mgt raising retail profile after 5-year break
      345 9  -  New absolute returns fund taps derivatives to hedge market exposure By GENEVIEVE CUA ÜBS Asset Management is moving to raise its profile in the Singapore retail funds market after a hiatus of more than five years. Its new absolute returns fund
      345 words
    • Article, Illustration
      Lock icon All 2006 SMU grads land jobs within six months
      392 10  -  Average pay for the 353 fresh grads up 13%; some getting $12 ,000 a month By DANIEL BUENAS EVERY one of last year's Singapore Management University (SMU) graduates has been snapped up by employers, with 100 per cent of its graduates
      FILE PHOTO  -  392 words
    • Article
      Lock icon SINGAPORE ROUNDUP
      365 10 George Yeo to attend Asean-EU meeting FOREIGN Affairs Minister George Yeo will attend the 16th Asean-EU Ministerial Meeting tomorrow and on Thursday in Nuremberg, Germany, to exchange views with foreign ministers from Asean and the European Union and discuss ways to deepen cooperation between the two regions. Mr
      365 words
    • Article
      Lock icon Emerging markets' potential for credit consumption is huge
      718 11  -  Companies need to understand how spending patterns change: Synovate By DANIEL BUENAS COMPANIES looking to sell their products in emerging markets such as India. China and South America must understand the impact of credit on consumption and how spending patterns will change
      718 words
    • Article
      Lock icon Parco Bugis Junction owner loses tax case
      278 11 It sought permission to deduct A&P expenses from gross rent A BID by the owner of Parco Bugis Junction to be allowed to deduct advertising and promotion (A&P) expenses from gross rent to offset property tax has failed in the Court of Appeal.
      278 words
    • Article, Illustration
      Lock icon SC Global to launch Hilltops in Q2/Q3 2007
      556 11  -  Strong interest in project before release of details By UMA SHANKARI SC GLOBAL Developments yesterday said that it would be retaining the name Hilltops for its upcoming 240unit luxury project on the former Hilltops Apartments and adjoining terrace houses site at Cairnhill
      556 words
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      Lock icon Page 10 Advertisements Column 1
      114 10 Fares Shown are per person for a round-trip on Business Class Promotion Period from 9th to 31st March 2007. Ticket must be issued within 7 days upon confirmation of booking or by 31st March 2007 whichever is earlier. Travel Period is from Ist April to 30th September 2007 Tickets are
      114 words
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      55 10 PHOTOVIDEO Want to see your photos In full glossy glory? A Show off your photos In our 18 -page photo spread! Send us your best pictures for a chance to get them published In the Readers' Galleria AH you have to do It submit a picture tint it at least:
      55 words
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  • SME spotlight
    • Article, Illustration
      Lock icon Finding a niche in caring business
      984 12  -  Pro-Teach has gone from strength since its first student care centre PAMELA CHEW CHAIRMAN and founder of Pro-Teach, Peggy Ong, started her student care business in 1998 when she was still an undergraduate at the National University of Singapore. Today, she leads 19 Pro-Teach
      984 words
    • Article, Illustration
      Lock icon Milking M&A growth
      1287 13  -  SMALL CAPS NANDE KHIN looks at China Dairy's strategy for expansion Nande Khin CHINA Dairy Group, whose products include milk powder, fresh and fermented milk, is counting on mergers and acquisitions (M&A) to strengthen its presence beyond its Shaanxi stronghold to other parts of China. In fact,
      1,287 words
    • Article
      Lock icon Portfolio advances 7.8% after routing
      334 13  -  By TEH HOOI LING OUR small cap portfolio rebounded nicely, after the routing a week ago. It snapped back 7.8 per cent, a bigger gain than the Straits Times Index's 6.7 per cent increase and UOB Sesdaq Index's 6.3 per cent. The portfolio value is
      334 words
    • Article, Illustration
      Lock icon One-stop business services portal for SMEs launched
      442 14  -  VelocityScorecard offer ranges from market analysis to planning advice By JANICE HENG SMALL and medium enterprises (SMEs) can now obtain a range of services from market analysis to business planning advice from a single provider, with the launch of VelocityScorecard.com. Established by business
      FILE PHOTO  -  442 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7151 14 UNIT TRUSTS FUNDS AM Amro Asset Mgt (S'pore) Star Europe Eqty'" 1 Ml/ Star Europe Bond 1 178/ Star Europe U 1215/ Star Asian Tiger Eqty 1-283/ Star Asia Bond 1317/ Star Asia Balanced 1 099/ SBr Globil Technology Fundi" ***** Mufti St Fd ***** Star Asia BondlUSD) 0 862/
      7,151 words
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      505 12 Achieve result with Lyxor ETF. From now on, you can trade Lyxor ETF Hong Kong (HSI) and Lyxor ETF MSCI Taiwan with live prices any second on the SQX! Control buy and sell Hong Kong and Taiwan market with live prices any second on the SGX 9 Transparency tracks market
      505 words
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  • Page 14 Advertisements
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      38 14 Allianz Global Investors one of the world's largest asset managers with more than US$1.2 trilion assets under management as at 31 December 2006. AN AUSPICIOUS POOL DEFINITELY SOMETHING TO Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS
      38 words
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  • ECONOMY WATCH
    • Article
      Lock icon China to press on with financial reform
      513 15 Central bank chief cites forex regime, interest rates, gold market, derivatives Reuters, Bloomberg, AP [BEIJING] China yesterday pledged that 2007 would be another year of extensive financial reform and that the country would continue to reorganise its economy to rely less on exports
      Reuters,; Bloomberg,; AP  -  513 words
    • Article, Illustration
      Lock icon US bond yield model signals 50% chance of recession
      366 15 Bloomberg [NEW YORK] Alan Greenspan, who jolted investors by predicting a one-in-three chance of a recession this year, has turned out to be less bearish than the bond market, where the risk of a downturn is even money. The probability that
      Bloomberg  -  366 words
    • Article
      Lock icon Japan revises Q4 economic growth upwards to 1.3%
      448 15 But rise in Feb wholesale prices slows for 5th month Reuters [TOKYO] Japan's economy expanded 1.3 per cent in the final quarter of last year, revised data showed yesterday, up slightly from a preliminary reading thanks to increased corporate capital spending. But
      Reuters  -  448 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL aims to finalise Proton partnership by end-March
      372 16 AP, Reuters [KUALA LUMPUR] The Malaysian government hopes to finalise a foreign alliance for national carmaker Proton by the end of this month as planned even after the withdrawal of France's PSA Peugeot Citroen, a minister said yesterday. PSA Peugeot last week
      AP,; Reuters  -  372 words
    • Article
      Lock icon Ratings demand seen growing in Indonesia
      406 16 Reuters [JAKARTA] The Indonesian unit of Moody's Corp expects demand for rating services to grow in South-east Asia's largest economy because of financial market reforms, although it expects a slowdown in 2009 because of elections. New demand is likely to emerge from banks wanting
      Reuters  -  406 words
    • Article
      Lock icon M'sian manufacturers make a pitch for US trade pact
      667 16 FTA will open up USs$250b US govt procurement market to KL firms Bernama [KUALA LUMPUR] A free trade agreement (FTA) with the United States will allow Malaysia to gain access to a market worth US$25O billion, according to the Federation of
      Bernama  -  667 words
    • Article
      Lock icon Abdullah wants sentiment to improve before calling polls
      178 16 Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi said he wants consumer sentiment to improve before calling an election, saying the government must do more to implement its five-year spending plan. "There's a better feeling now than before, but we want
      Bloomberg  -  178 words
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  • GREATER CHINA
    • Article
      Lock icon Tom Group buying out online unit for HK$1.57b
      306 17 Bloomberg [HONG KONG] Tom Group, controlled by Hong Kong billionaire Li Ka-shing, has offered as much as HKsl.s7 billion (*****.7 million) to buy all the shares it doesn't own in Internet unit Tom Online. Tom Group, which operates media businesses in China
      Bloomberg  -  306 words
    • Article, Illustration
      Lock icon China to bail out more lenders to speed up reform
      391 17 It'll keep tax breaks on state-owned banks and further rein in bad loans Bloomberg [BEIJING] China will bail out more financial institutions after its US$6O billion capital injection in the three biggest state-owned banks reaped "distinct returns". "State bank reform
      Bloomberg  -  391 words
    • Article
      Lock icon Beijing says foreign companies driving surplus
      394 17 February trade surplus soars to US$23.76b Bloomberg. Reuters Reuters [BEIJING] US companies in China exported more than USsllO billion worth of goods in 2006, Chinese Commerce Minister Bo Xilai said, highlighting the role that overseas companies play in enlarging the country's trade surplus. The
      Bloomberg. Reuters; Reuters  -  394 words
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  • INDIA
    • Article, Illustration
      Lock icon Mukesh Ambani gears up for USs22b purchase
      352 18 US petrochem giant Dow Chemical a likely target: report The Economic Times [MUMBAI] Mukesh Ambani appears to be getting ready to make the mother of all acquisitions. He's building a war chest to finance a globalscale takeover that will dwarf the US$ 12
      The Economic Times  -  352 words
    • Article
      Lock icon Merrill to double private banking business this year
      165 18 Bloomberg [SINGAPORE] Merrill Lynch Co, the third-largest money-manager for the rich, plans to double its business managing money for wealthy Indians living at home and overseas this year. New York-based Merrill's private banking unit, with about US$l.6 trillion of assets under management,
      Bloomberg  -  165 words
    • Article
      Lock icon Gujarat woos PSA, ITT to meet investment goal
      541 18 It aims for US$130b of overseas commitments Bloomberg [AHMEDABAD] India's Gujarat state, home to the world's third-largest refinery, is wooing companies such as ITT Corp and PSA International to attract as much as US$l3O billion of investment into public works and other
      Bloomberg  -  541 words
  • Page 18 Advertisements
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      237 18 Morning Session Conducted In Mandarin Afternoon Session Conducted In English YES! I would like to bring my business to (except for last speaker) the next level. China's Economy: Recent Changes •Testimonial Advertising: Does It Still March 28,2007; 9am-spm Prospects For 2007 2008 Work Today? Biopolis, Matrix Building, Auditorium Professor Chen
      237 words
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      9 18 Tune in to Radio 100.3 Your Choice Infotainment Station
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Saudi Aramco to cut April oil supply to Asia by 9%
      594 19 Demand down as refining profit falls; Opec to fix Q2 output on Thursday Bloomberg, Reuters [RIYADH] Saudi Arabia will cut crude oil supply to Asian refiners in April by an average 9 per cent below contracted volumes more than
      Bloomberg,; Reuters  -  594 words
    • Article
      Lock icon UAE economy grew 23.4% on higher oil prices
      181 19 Bloomberg [ABU DHABI] The United Arab Emirates' economy grew 23.4 per cent last year, the Ministry of Economy said. The main driver was the price of oil. Nominal gross domestic product, the measure of all goods and services produced at current prices,
      Bloomberg  -  181 words
    • Article
      Lock icon Emaar slashes dividend by half to 20%
      313 19 Bloomberg [DUBAI] Emaar Properties, the Middle East's largest property developer, will pay a 2006 dividend half the size of a year earlier as the company retains cash to invest in industries other than construction. Shareholders at Emaar's ninth annual general meeting on Sunday
      Bloomberg  -  313 words
    • Article
      Lock icon Halliburton eyeing Mid-East listing, growth in eastern hemisphere
      372 19 Reuters [MANAMA US oilfield service giant Halliburton is considering listing its shares on one of the Middle East bourses as it looks at growth potential in the eastern hemisphere, the firm's chief executive said on Sunday. "One of the things that we
      Reuters  -  372 words
    • Article
      Lock icon US drug giant to buy Akzo unit for US$14.4b
      477 20 Schering-Plough expects to save USssoom annually after first 3 years Bloomberg [AMSTERDAM] ScheringPlough Corp agreed to buy Akzo Nobel's drugs unit Organon for US$l4.4 billion in cash to gain birth-control pills and experimental medicines. Schering-Plough said the purchase brings five experimental
      Bloomberg  -  477 words
    • Article
      Lock icon Seagate to sell laptops with built-in data lock
      234 20 AP [SAN JOSE] Seagate Technology, the world's largest hard drive maker, announced yesterday the first manufacturer to sell laptop PCs with its new built-in encryption technology. The hard drives, to be available in laptops made by ASI Computer Technologies, will include a
      AP  -  234 words
  • Page 19 Advertisements
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      1672 20 1st software corporation limited (Incorporated in the Republic of Singapore) (Registration Number *****3013G) VOLUNTARY CONDITIONAL CASH OFFER BY ERESMA ASSETS INC. TO ACQUIRE ALL THE ISSUED ORDINARY SHARES IN THE CAPITAL OF Ist1 st SOFTWARE CORPORATION LIMITED 1. Introduction The board of directors (the "Board") of Ist1 st Software Corporation
      1,672 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon S Korea to review sale of KEB to Lone Star
      397 21 Reuters [SEOUL] South Korea's audit bureau yesterday asked the financial regulator to review its approval of Lone Star's 2003 purchase of Korea Exchange Bank (KEB). which may lead the US buyout fund to give up most of its stake in
      Reuters  -  397 words
    • Article, Illustration
      Lock icon iTV takeover: Thai PM accused of breaking law
      612 21  -  Mr Surayud and 3 others abused authority, say Thai politicians By OUR CORRESPONDENT in Bangkok A GROUP of Thai politicians yesterday accused Prime Minister Surayud Chulanont and others of breaking the law when they took over the country's only independent television station
      AFP  -  612 words
    • Article
      Lock icon Ford Motor sells Aston Martin for £479 m
      438 21 Reuters [LONDON] Ford Motor Co is selling British luxury car maker Aston Martin to a group fronted by former Benetton and BAR motor racing boss David Richards in a deal worth £479 million (Ssl.4 billion). The second-biggest US carmaker said yesterday it
      Reuters  -  438 words
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  • AVIATION
    • Article
      Lock icon Asian budget airlines set for 20% of market
      396 22 Strongest growth in India, Indonesia, Thailand, Australia, M'sia: consultancy AFP [SINGAPORE] Asia's budget airlines are set to expand their share of the regional aviation market to 20 per cent within three years from less than one per cent in 2001, an industry
      AFP  -  396 words
    • Article
      Lock icon Australians send Indon crash plane box to US
      224 22 Reuters [CANBERRA] The black box voice recorder from an Indonesian passenger jet which crashed last week in Java has been sent to the United States after Australian experts failed to retrieve vital data, an investigator said yesterday. A team of Australian investigators
      Reuters  -  224 words
    • Article
      Lock icon Thai Air may post lower operating profit on baht gain
      247 22 Bloomberg [BANGKOK] Thai Airways International Pel, the country's biggest airline, may post lower operating profit in the January-March period compared with a year earlier as a stronger baht cut its foreign currency sales. "Operating profit in the second quarter has
      Bloomberg  -  247 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2393 22 CITY FU6HT ETA FUCMT ITP Adelaide LH9771 1740 AF8068 2215 SQ268 1740 8A7382 2215 AFR067 1830 QF82 2215 BA7381 1830 LH9770 2350 Of81 1830 SO269 2350 ttsg&ad SQ530 1930 Amsterdam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605 SO324 2345 Mmm SQ347 0545 Auckland
      2,393 words
    • Article, Illustration
      Lock icon Dubai airport reopens after accident
      387 22 Reuters [DUBAI] Dubai airport reopened after being forced to close for more than seven hours yesterday when a Biman Bangladesh Airlines aircraft had an accident during takeoff, officials said. Fifteen of the 236 passengers and crew were slightly injured in the 6.30 am (0230 GMT)
      Reuters; AFP  -  387 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      217 22 CRYPTIC CROSSWORD DOWN 2He will give expression of tri- di k i i YESTERDAY S SOLUTION umph in Spain about hospital, Poorly balanced piles, odd ar- Across: 1 Comanche, 5 Jilted, 9 unbearable place (8) rangement (3-5) Menacing, 10 Cannes, 12 Tennes--3 Sad football team? (3,5) 18 Scientifically impersonal type
      217 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon China aims to develop bic commercia jets by 2020
      588 23 AP [BEIJING] China expects to start making homegrown large commercial aircraft by 2020, an aviation industry official said yesterday, raising the possibility of future competition for Boeing and Airbus in the country's booming market for new planes. The ambitious target points
      AP  -  588 words
    • Article
      Lock icon Long-haul budget carrier Air Asia X delays takeoff
      331 23 AFP [KUALA LUMPUR] Air Asia X, the long-haul budget airline set up by low-cost aviation pioneer Tony Fernandes, has delayed its takeoff, possibly until next year, a report said yesterday. At its launch in January the carrier promised budget flights to Britain
      AFP  -  331 words
    • Article, Illustration
      Lock icon EU cracks the whip on maritime safety laws
      426 23 It warns flag states to shape up to avoid oil spills [SINGAPORE] The European Union has warned flag states including member states that are "hiding mediocre ships" under their flag to put their "house in order" or face the wrath of tough
      AFP  -  426 words
    • Article, Illustration
      Lock icon Kuehne & Nagel quarterly profit surges 44%
      366 23 Kuehne Nagel quarterly profit surges 44% Bloomberg [FRANKFURT] Kuehne Nagel International AG, the world's biggest sea-freight forwarder, says fourthquarter profit surged 44 per cent after integrating an acquisition that boosted the Swiss company's warehouse management business. Net income rose to 144.1 million Swiss francs (SI 79 million) from 100.4 million
      Bloomberg; BLOOMBERG  -  366 words
    • PORT SHOTS
      • Article
        Lock icon Maersk workers end Odense yard strike
        52 23 Bloomberg [COPENHAGEN] AP Moller-Maersk A/S said yesterday that workers at its Odense, Denmark shipyard, where they are building the world's biggest container vessels, have ended a one-day strike. "The 2,600 workers started up again this morning," said Jesper Hvolboel Nielsen a spokesman for the
        Bloomberg  -  52 words
      • Article
        Lock icon Samsung wins 583b won drill ship order
        67 23 Bloomberg [SEOUL] Samsung Heavy Industries Co, the world's second-largest shipyard, has received a 583.1 billion won (***** million) order from a European company to build a drill ship, which is typically used to explore for oil and gas in deep water. Delivery will
        Bloomberg  -  67 words
      • Article
        Lock icon China Ship to build US$308m tankers
        74 23 Reuters [SHANGHAI] China Shipping Development Co Ltd says that it plans to build six oil tankers worth U*****.56 million for delivery in 2009 and 2010 to help expand its ocean shipping business. China Ship has signed an agreement with China's Dalian Shipbuilding Industry Co
        Reuters  -  74 words
      • Article
        Lock icon Hanjin seeks Viet port development projects
        36 23 Bloomberg [SEOUL] Hanjin Shipping Co, South Korea's largest shipping line, has signed an MOU with Saigon New Port Company, taking a step towards winning port development projects in Vietnam. —Bloomberg
        Bloomberg  -  36 words
    • Article
      Lock icon TRANSPORT STOCKS
      261 23 SGX *000 Mart? SS W Vol OiOthhore 040 001 431 Chuan Htdqi 0J1 vant) W CoacoCorp 2 76 006 6787 Cwt Ltmrtrd 09* 007 1IM EiraHidgi AM 006 90 freight Unfci 006 001 781 Gfjnd0anta,.___ 092 mil 2 lava Hold Ltd 1/tS CU 76 KlV«»iU#e„ ...OJt L»xti 1075
      261 words
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      128 23 Estimated 500,000 pieces of surplus tools and hardwares belonging to Lam Bee Industrial Supplies (Pte) Ltd Featuring: Stahwille striking spanners, sockets and wrenches. Dormer milling cutters, Taper length drills Straight shank drills of different sizes, Jones Shipman precision tools. M&W Micrometers. Triangle taps and dies, Stahwille spanners, Eclipse magnets Vee
      128 words
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      Lock icon Page 23 Advertisements Column 2
      317 23 2 Day Financial Modeling Masterclass (Excel) For Finance Accounting Professionals Master Trainer: Professor Dan Levin (PhD, Wharton School) 28 th Mar (Wed) 29 th Mar (Thu) This 2 Day Financial Modeling Masterclass aims to equip participants with the latest financial modeling techniques using Microsoft Excel as the primary tool. It
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  • EDITORIAL & OPINION
    • Article
      Lock icon Oil prices read global economy differently
      541 24 EDITORIAL CRUDE oil prices have proven resilient even though global financial markets have been choppy. Prices have reverted to US$6O, from their lows of under US$5O just two months ago. This suggests that the energy markets view the global economic outlook differently from financial
      541 words
    • Article
      Lock icon China consolidating its steel industry
      1122 24  -  But the road ahead for China to form its own giants will not be easy: it is still a challenge for Chinese companies to master cutting-edge technology By TIGER TONG AS EXPECTED, Baotou Steel, China's 12th largest steel maker, announced on March 6 that it
      1,122 words
    • Article, Illustration
      Lock icon Forbes list reflects Asia's growing influence
      798 24  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg FOLLOW the money. It's among the first things young reporters learn about covering business. Nowhere is this bit of wisdom more useful than here in Asia. Take Forbes magazine's latest listing of billionaires. It showed a healthy
      Bloomberg  -  798 words
    • Article, Illustration
      Lock icon Lessons from Singapore and HK
      1083 25  -  Malaysia needs a complete culture change to succeed, says TUNKU ABDUL AZIZ Tunku Abdul Aziz THE very idea of a new metropolis in southern Johor to rival Singapore and Hong Kong is intriguing, to put it mildly. Sceptics, of whom there are many in our
      REUTERS  -  1,083 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11002 26 SGX MAINBOARD Transaction date: Mar 12 S2-M Tfli laat Vol Day Lact Quota Mv GrYld Nat MOn Wgfc Ua Coda Company Sale W- (TWO) High low Buyer SaSar Cw WE jail 3 5 1 5716 1st Software 2 susp 81 115 6 3148 STelecom ...9 unch 161 9
    11,002 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    5677 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi local tun In Si In USS %dy \y %yr dy fcyr lnd«« Oi»ng» Changt Chjnq* Changa Change Ch«nq« World .nde» Preliminary T 03 05 0.1 -0.3 02 02 EAfE Preliminary ***** <U- U> 00 05 01 1i) Europe Prejiminary 1S07.0 A2 03
    5,677 words
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      51 27 Serious trading. Worldwide. BEDS conquer global markets? The award-winning SAXO TRADER is now available in Singapore, direct from Scandinavia. Join traders j Singapore worldwide on this innovative multi-product trading platform featuring 160 FOREX crosses, 19 exchanges, CFDs and futures. Be ready to spot winning opportunities in global investments king any
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      Lock icon Page 28 Advertisements Column 1
      737 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV loads Singapore, E./W. Malaysia, Indonesia E/w Mdaysia Indonesia MIPPLE-EAST SERVICE F.EJS.EJL SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination DD MASTER DBI/ABU/DOH/BRN/DMM/KWT QUOC TU GAM INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia loads E. Malaysia, Indonesia OTHER SERVICES
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      3 28 WALLENIUS WILHELMSEN LOGISTICS
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon SHIPPING GUIDE EXPORT
      6239 30 This ■^MiuamiiatftfauiTniiiirrmiiininiriii ETA ETA Advartbar Vnxl Voyage Tataphona ETA SIN Dest'n Nam Nana Mumbar Numbar SIM flMHRMMNRNNNMNNMMMMMMMMNRMNMMNMHMMMMMHHHHMMi MM 12/ To ABU DHABI (AUH) 2004 U. A. Emirates Ta 20/03 03/04 SCI EMIRATES WASl 710W *****355 01/ 27/03 10/04 SCI EMIRATES MARINA 711W *****355 ow To ADELAIDE (ADL)
      6,239 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Foreclosures could deepen US housing woes
      686 31 Analysts fear up to 1.5 m owners risk losing homes over mortgage defaults Bloomberg [NEW YORK] Hold on to your assets. The deepest housing decline in 16 years is about to get worse. As many as 1.5 million more Americans may lose their homes,
      Bloomberg; BLOOMBERG FILE PHOTO  -  686 words
    • Article
      Lock icon Mah heads team in Cannes for real estate fair
      250 32 PUBLIC and private sector organisations are taking part in an international real estate fair at Cannes on the French Riviera this week to promote Singapore as an attractive city to live and invest in. Singapore's pavilion at the "Marche International des
      250 words
    • Article
      Lock icon S'pore rises to 20th spot in industrial space cost
      634 32  -  Six-rung climb due partly to spillover from tight office market By KALPANA RASHIWALA A STRONG manufacturing performance and spillover pressure from the tight office market has helped lift Singapore to 20th spot in Cushman Wakefield's latest ranking of the world's most
      634 words
    • Article
      Lock icon India developers scale back IPO hopes
      779 33 Rising interest rates, steep valuations, dull earnings, poor showing of recent issues keep investors wary Reuters [MUMBAI] Indian real estate companies looking to launch IPOs will need to scale back their valuation hopes as investors lose appetite for the once red-hot sector. Surging demand
      Reuters  -  779 words
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