The Business Times, 15 March 2007

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Total Pages: 34
1 34 The Business Times
  • 20 1 THE BUISNESS TIMES MICA (P) 202/12/2006 Thursday, March 15,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 706 1  -  Quoting MM Lee, outgoing A*Star chief reassures research community of government's commitment By CHEN HUIFEN [SINGAPORE] Singapore has to get the most out of its biomedical sciences sector (BMS) after pumping in so much money and effort to build it up, outgoing A*Star chairman
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  • 136 1 STI 3,053.21 (-105.69) ST INDEX FUTURES 3,050.00 (-107.00) SIMSCI 374.21 (-12.41) SIMSCI FUTURES 373.10 (-14.30) MARKETS Wednesday Change KLCOMP 1,166.38 -33.63 NIKKEI 225 16,676.89 -501.95 HANG SENG 18,836.93 -496.21 SET INDEX 670.62 -4.58 JAKARTA COMP 1,762.28 -35.12 MANILA COMP 3,074.28 -107.68 SEOUL COMP 1,407.37 -28.68 SHENZHEN B 486.86
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  • 513 1  -  By R SIVANITHY [SINGAPORE] Fresh fears of a worse-than-expected US slowdown brought the region's stock markets to their knees yesterday, with technical analysts scurrying to figure out where the bottom might be. And their verdict isn't particularly encouraging for bulls shares
    Source: Bloomberg  -  513 words
  • Page 1 Advertisements
    • 38 1 ANALYSIS The X factor in Japanese tech supremacy PAGE 25 MORE REPORTS Two decades of stirring success: Full text of Philip Yeo's speech PAGES TO 11 Want better research? Get cheekier, says Nobel laureate Sydney Brenner page 3
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    • 46 1 COMPANIES frfA Ex-Robinson director I joins F J Benjamin Wall Street stumbles over woes of fallen 'subprime' lenders page 21 111 8 *****1 *****4 mk SPPs^ 11 FP's^lC lHc v v ■HHHHHHHHIHHHHHHBW SHUHHHB AVIATION Rolls-Royce picks S'pore for top-level meetings: chief executive John Rose PAGE 22
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    • 141 1 COMMENTARY WhatisChuanHup's Jimmy fth up to? PAGE 4 BizfT Tfemasek signs deal with Tata Consultancy Services PAGE 31 JM^^y CONTINENTAL FLYING SPUR A stunning 4-door creation of understated style A presence that is a class of its own, distinct from any other in the world When it comes to the
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    • 38 1 MOST ADMIRED SIA ranks 17th on Fortune list, beating ExxonMobil and Boeing page 22 TEMASEK It's building up fluid to help in people development in Asia PAGE 2 PROPERTY En bloc action moves beyond Orchard area PAGE 34
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  • TOP STORIES
    • 686 2  -  Living standards slip in HK, Jakarta, KL and Beijing: poll By SLOW LI SEN [SINGAPORE] Singapore continues to be the best place in Asia for expatriates to live, while standards have fallen in Hong Kong, Jakarta, Kuala Lumpur and Beijing,
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    • 66 2 IN "Banks in S'pore warm to needs of non-resident Indians" (BT, March 14), we reported that the number of Indians in Singapore with net assets of at least US$l million rose 13.4 per cent in 2005 to 55,000. This is incorrect. The 13.4 per cent rise to 55,000 referred
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    • 393 2  -  It is also a supporter of outreach programmes in the region By OH BOON PING [SINGAPORE] Temasek Holdings said yesterday it has been setting aside funds for the past four years to set up a trust to contribute to the development
      393 words
    • 594 2 Want better research? Get cheekier, says Prof Brenner SINGAPORE'S scientific researchers aren't cheeky enough, says Biomedical Research Council chairman Sydney Brenner. "Science is cheek all the time. Science requires one to be able to look at things in a new way and to follow that that's science. Technology
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    • 849 3  -  S'pore researchers 'too quiet, should be more forward': Nobel laureate By CHEN HUIFEN [SINGAPORE] Singapore's scientific researchers aren't cheeky enough, says Biomedical Research Council chairman Sydney Brenner. "I think if I were to say one disadvantage about Singapore something 1 think you
      ARTHUR LEE  -  849 words
    • 366 3  -  Philip Yeo declined lucrative MNC job to help shape life sciences industry By CHEN HUIFEN [SINGAPORE] Dynamic civil servant Philip Yeo passed up the chance to run a multinational company and earn millions of dollars because he loves Singapore more than money.
      366 words
  • Page 2 Advertisements
    • 302 2 Prevention of Money Laundering and Countering the Financing of Terrorism (AML/CFT) Date and Time There have been substantial developments on the international front in the area Wednesday, 18 April 2007 of AML/CFT culminating in the Monetary Authority of Singapore (MAS) 9.00 am to 12.00n00n issuing the revised MAS Notices on
      302 words
    • 18 2 HOT IPO Attract more interest from Investors. Place your IPO notice in our newspapers. Call 1800 289 8822
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  • Page 3 Advertisements
    • 119 3 Beautiful. Whichever way you look at it. THE RENAULT COUPE CABRIOLET SCULPTED TO PERFECTION Iho piulo of (ho Ron.mil stahlo. Iho Ko nan 11 t'oupo Cabriolet creates instant admirers with its striking yet refined lines that are |pf^JSS dist iin t ivoly oloijaiil and I in ope an. Addni< i
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  • COMPANY NEWS
    • 367 4  -  Joint venture with UK company will provide submarine rescue system By MATTHEW PHAN SINGAPORE Technologies Engineering's marine arm has won a $400 million contract to provide and maintain a ship and submarine rescue system for the Republic of Singapore Navy, the company
      367 words
    • 485 4  -  Purchase comes just 2 days after offer announced By MICHELLE QUAH WALNUT Pte Ltd, a private vehicle owned by Chuan Hup Holdings' former managing director Peh Kwee Chim, has upped its stake in the company just two days after announcing its intention to make
      485 words
    • 628 4  -  HOCK LOCK SIEW By CONRAD RAJ WHAT is Chuan Hup Holdings' founder and single largest shareholder, Jimmy gph Kwee Chim, up to with his recent bitflwr the rest of the stores of .the investment holding company? The offer was triggered by his purchase
      FILE PHOTO  -  628 words
    • 417 6  -  Chew Gek Khim appointed director after her vehicle ups stake in FJB By MICHELLE QUAH FORMER Robinson Co director, Chew Gek Khim, has been appointed a non-executive director at fashion and lifestyle group FJ Benjamin Holdings (FJB). FJB announced the appointment yesterday just days after Ms
      FILE PHOTO  -  417 words
    • 240 6 SINGAPORE Telecommunications has teamed up with PT Telekomunikasi Indonesia to provide Internet services to corporate customers. The alliance with PT Telkom, Indonesia's largest telco, is to deliver multi-protocol label switching Internet-based virtual private network (IP-VPN) services in Indonesia, Sing Tel said in a
      240 words
    • 6747 6 UNIT TRUSTS FUNDS AM Aaro Asset Mgt (S'pore) Slat Europe Eqty!" 1 028/ St* Europe Bond 1183/ Star Europe M 1209 SOi Asian Tiger Eqty 12V SOi Asa Bond 1316/ Star Asia Balanced 1.081/ Star Global Technology Find'" 0.204/ IMISlFd 0988/ SOi Asa BondflJSD) 0 862/ GhMiMStUSD 1168/ Aaa Bond
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    • 365 8  -  It expects gain of $30.3m upon placement's completion By UMA SHANKARI PROPERTY giant CapitaLand yesterday said that it has placed out 100 million units of Ascott Residence Trust (ART) at $1.90 a unit in a placement exercise launched and closed after trading
      365 words
    • 318 8  -  Revenue drops as electronics section sees falling sales By JANICE HENG BEYONICS Technologies yesterday yesterday reported a 5.6 per cent year-on-year fail in second-quarter net profit to $5.1 million, as revenue for the three months ended Jan 31, 2007, fell 11.7 per cent
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    • 404 8  -  It will acquire the firms from Andorra Services By CHEN HUIFEN MARINE fuel products supplier Chemoil Energy said it has agreed to pay up to U5572.2 million for four of the six companies it is planning to acquire from Andorra Services. The
      404 words
    • 220 8 Merger talks fuel Seksun share trading SEKSUN Corporation said that it was not aware of any reason for the significant increase in the trading volume of its shares yesterday, other than "certain rumours or media reports" of possible merger and acquisition activities. It said while certain shareholders have,
      220 words
    • 312 8 WATER-TREATMENT specialist Hyflux said yesterday that one of its units has won three contracts in China, worth 340 million yuan (Ss67 million). The water-treatment projects were awarded to Hyflux Utility Ltd (HUL), wholly owned by SinoSpring Utility Ltd, which
      312 words
    • 290 8  -  By BENITA AW YEONG OFFSHORE support and marine services provider Ezra Holdings is seeking a separate overseas listing for EOC Pte Ltd. its wholly owned production and construction division. Ezra said EOC has engaged Pareto Securities ASA, a player in the Norwegian fmancial services
      FILE PHOTO  -  290 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 102 5 v m V- V- 1 fi'ffcf- m I K v !^BL Keppel Creating New Sources of Water Keppel completes Singapore's largest Plant The plant will be officially opened by environmental solutions, and construction of the Uiu Pandan NEWater Plan! unriei I 50 per cent of Singapore's NF.Water needs, the plant
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 439 7 PULSATING /C—_ GROWTH in Cardiocerebral Based in Haikou, Hainan Province, Sihuan is a leading pharmaceutical company in the field of cardiocerebral vascular drugs. Our cone I product, Kelinao (Cinepazide Maleate Injection, 80mg), is the I best-selling peripheral vasodilation drug in the PRC* "T. A H. We have a wide range
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  • Page 8 Advertisements
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  • SINGAPORE MARKETS
    • 547 9  -  STOCKS The loss here was in line with similar steep plunges throughout the region R SIYANITHY Senior Correspondent THE question posed in this column on Tuesday as to whether stock markets were undergoing only a technical correction or were sliding because of Wall
      Source: Bloomberg  -  547 words
    • Article, Illustration
      927 9 SECURITIES TRADING SCOREBOARD MAIN soq TOTAL Up Down Uwdi Ub Down Undi Up Down IMdi Multilnd 2 11 4 _2_ J12 4 Manufacturing 22 129 41 4 19 19 26 148 60 Commerce 5 57 13 1 10 3 6 67 16 T pt/Stor/Comms 2 27 J1 J 1 1
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    • Article, Illustration
      858 9  -  Compiled by UMA SHANKARI Singapore Banks CREDIT SUISSE. March 14 THE Singapore Overnight Rate (SOR) collapsed to 1.7 per cent from 3 per cent at the beginning of this month. Meanwhile, three-month Sibor has also fallen 20 bp while Libor has been flat. This is partly seasonal, ahead
      Source: Bloomberg  -  858 words
    • 512 9  -  CURRENCIES LARRY WEE Senior Correspondent RISK aversion once again dictated financial market action in horrible repeat fashion yesterday, after Wall Street tumbled overnight on new rumbles from a shaky US housing sector. Overnight, a second US purveyor of sub-prime mortgage loans Accredited Home Lenders
      Source: Reuters  -  512 words

  • PHILIP YEO'S FAREWELL SPEECH
    • 3473 10 We reproduce below the speech given by Philip Yeo, A*STAR chairman, at his farewell lunch hosted by the Minister for Trade and Industry Lim Hng Kiang yesterday Ministers and colleagues of the MTI family, thank you for honouring me with this farewell lunch. Let me
      CHEW SENG KIM/THE STRAITS TIMES; PHILIP YEO; JTC; A*STAR  -  3,473 words
  • Page 10 Advertisements
    • 341 10 The march of the molecules How the Biomedical Sciences Initiative has advanced research and human healthcare THE SCENE BEFORE ■In 1999, total R&D expenditure $122.89 m; by private ■In 2000, manufacturing output 56.3b, value added $3.8b sector alone $37.1 m Research scientists and engineers 654; and 5,880 jobs Active pharmaceutical
      341 words

  • Page 11 Advertisements
    • 213 11 "SHALL I HAVE RED CURRY IN MY CAPPUCCINO OR MY PORK IN SAKE?" Listening to jazz is her thing, watching football is mine. She loves the beach but 1 hate the sun. The round dining table for our twice-a-year family get-togethers was a necessity to me, whereas she focussed on
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  • SINGAPORE INTERNATIONAL
    • 841 12  -  Growth of expat communities means great demand for private schools, reports CHUANG PECK MING THE population of the oil-rich United Arab Emirates is made up largely of expatriates and this fact alone should excite Singapore providers of education services in search of lucrative
      FILE PHOTO  -  841 words
    • 559 12 THE United Arab Emirates fits nicely into Learning Vision International's global expansion plans. This Middle Eastern country, made up of seven emirates Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain is a promising large market for the Singaporebased
      559 words
    • 594 12 THE Singapore brand is working well for National Institute of Education. Thanks to the country's reputation for producing quality education, Singa-pore-based NIE has been getting queries from the Middle East for its services, which include developing curriculum for pre-service teachers and training
      594 words
  • Page 12 Advertisements
    • 176 12 Advisory Seminar Series: China Day A one-day seminar providing the latest updates on China's business Thursday 27 March 2007 environment tax structure, manpower regulations and more. Time 8:30 am ~600 P m '>V v &i t" Venue Raffles City Convention Centre lly Key Highlights Hear from Mr N. Mark Lam,
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    • 6 12 ImS The Business Times SING/VPCmi Singapore
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  • SINGAPORE NEWS
    • 556 13  -  Trade pact with US is second, with 47% utilisation, conference told By OH BOON PING SINGAPORE'S free trade agreement with India posted the highest utilisation rate last year, a conference was told yesterday. The Comprehensive Economic Cooperation Agreement (CECA) saw
      556 words
    • 378 13  -  By TAMARA MOHANAN KUPPUSAMY THE National Parks Board (NParks) and the National Trades Union Congress (NTUC) yesterday lauded the success of their new model contract for the landscape industry. In 2005, under NTUC's best sourcing initiative (BSI), the union body and NParks
      ASHLEIGH SIM/THE STRAITS TIMES  -  378 words
    • 479 13  -  By CONRAD TAN MAYBANK has launched a new range of online foreign currency time deposits aimed at savers who want high interest rates without locking up large amounts of cash. The six-month iSAVvy Foreign Currency Time Deposit available in five currencies requires a minimum
      479 words
    • 304 13  -  By GENEVIEVE CUA STRONG returns and keen institutional appetite for Asian stocks have pushed the equity mandates under the Singapore office of Aberdeen Asset Management to nearly US$35 billion, a growth of 36 per cent over 2006 as at end-January. That is
      304 words
    • 315 13  -  By ROLAND LIM THE Economic Development Board (EDB) is confident that the electronics industry will continue to create some 4,500 new jobs in the next few years despite the industry registering a dip in total output last year its first decline in
      315 words
    • 197 13  -  By WEE LI-EN SCHOOLS will have more leeway to use copyrighted material for classroom learning under proposed changes to the list of items exempted from the Copyright Act. The Act controls access to copyrighted material and protected performances, but the Minister for Law has the
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    • 446 13  -  By RONNIE LIM THE investor/developer for Singapore's estimated US$5OO million liquefied natural gas (LNG) receiving terminal is expected to be appointed by this time next year, once the Energy Market Authority has assessed project proposals from interested parties. But some
      446 words
  • Page 13 Advertisements
    • 222 13 PT International Nickel Indonesia Tbk ANNOUNCEMENT OF THE RESULT OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS It is hereby announced to all shareholders of PT International Nickel Indonesia Tbk. ("PT Inco" or "the Company") that the Extraordinary General Meeting of Shareholders held on Wednesday, March 14,2007 (the "Meeting") has resolved:
      222 words

  • ECONOMY WATCH
    • 463 14 Regulatory changes within months seen to shore up US's dominant position Bloom berg [WASHINGTON] US Treasury Secretary Henry Paulson has pledged regulatory changes within months to address risks of the US losing its place as the world's dominant financial market. "This is a
      Bloom berg  -  463 words
    • 199 14 AFP [NEW DELHI] India says it rejects any deadline for completing the Doha Round of global trade liberalisation talks and sees no breakthrough unless rich nations address the livelihood concerns of developing countries. World Trade Organization officials are pushing for a
      AFP  -  199 words
    • 2506 14 VOl M«f u mii *i- nm AIM Realty 1.63 0.01 156 AbricBhd 032 -0.04 149 Acp Industries 1.66 -0.06 1397 Advance Synergy .038 -0.02 733 Adventa Bhd 030 -0.05 54 Ae Multi Hldgs .033 unch 89 Affin Holdings 333 -0.02 3376 Ahmad ZakiRoou 2A1 -0.09 52 AkCorp .0.59
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  • Page 14 Advertisements
    • 1685 14 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT f IND IT Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.conusg. KEPPEL LAND LIMITED (Co. Reg. No. *****0001G) (Incorporated in the Republic of Singapore) LOST CERTIFICATE Application has
      1,685 words

  • SENSE AND SIMPLICITY
    • 1251 15  -  The invention of the electric bulb extended commerce and industry beyond sunset. Artificial light is not merely an economic saviour, but looks bright as a business itself, as explains MINT KANG RALPH Waldo Emerson once said: "Light is the first of painters. There is no object
      1,251 words
    • 521 15 DESPITE the high prices, some hand-held LED applications are nevertheless taking off in a major way. Local home improvement store Home-Fix, which stocks a range of more than a hundred different models of LED torches and table lamps, has seen a tremendous jump in the sales
      521 words
    • 231 15 IN September last year, Lumileds Lighting, a subsidiary of lighting industry leader Philips Electronics, announced that it would be setting up a new wafer fabrication facility in Singapore for the high-volume production of LEDs for the company's Luxeon range. Sited in Yishun,
      231 words
  • Page 15 Advertisements

  • MALAYSIA/INDONESIA
    • 871 16  -  REGIONAL AVIATION NEWS ANALYSIS Meanwhile, travel in and around Indonesia seems to be game of chance By LAUREL TEO in Jakarta THE 21 passengers who died in a Garuda plane crash a week ago could never have imagined that in spending more for an apparently
      REUTERS  -  871 words
    • 344 16 [PUTRAJAYA] Malaysian Airline System Bhd (MAS) will launch a new airline, Firefly, which will begin operation in early April, its managing director and chief executive officer Idris Jala said yesterday. For a start, Firefly will operate with two Fokker F5O aircraft and
      Bernama  -  344 words
    • 205 16 Bloomberg [KUALA LUMPUR] Bursa Malaysia, the operator of the country's stock exchange, said it will cut fees for derivatives products and extend palm oil futures contracts, seeking to grow its derivatives market by 40 per cent this year. The Securities Commission approved a
      Bloomberg  -  205 words
    • 310 16 Bloomberg. Reuters [KUALA LUMPUR] Malaysian technology companies YTL e-Solutions Bhd and Green Packet Bhd, may win licences from the government to offer high-speed Internet access on mobile phones, analysts said. The government may award the permits to use so-called WiMAX technology after a
      Bloomberg.; Reuters  -  310 words
  • Page 16 Advertisements
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    • 26 16 9jfl I LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times. [•!AT3\35*L NOTICES 3
      26 words

  • GREATER CHINA
    • 398 17 Transactions could swell to US$10b in next 5 years, says US buyout firm Bloomberg [BEIJING] China's annual private equity transactions may increase as much as five times to US$lO billion in the next five years, an executive at a US buyout firm said at
      Bloomberg  -  398 words
    • 287 17 [WASHINGTON] The US Treasury Department will bar US banks from doing business with a Macau bank holding frozen North Korean assets believed to be connected to illegal activities, a US official said on Tuesday. The move would clear the way
      Reuters  -  287 words
    • 211 17 Reuters [HONG KONG/TAIPEI] Three Chinese solar cell makers are planning to raise more than US$l billion combined through Nasdaq listings by the end of the third quarter, people familiar with the deals said yesterday, as investors flock to alternative energy plays.
      Reuters  -  211 words
    • 369 17 Problems in curbing bad habits as Olympics nears Reuters [BEIJING] Spitting, pollution, dirty toilets, text messages advertising weapons and a nationalistic sports media Beijing officials admitted on Wednesday they had many problems to face some 500 days before the Olympics open. One official criticised
      Reuters; AFP  -  369 words
    • 367 17 Apartment prices outside city's wealthy residential areas may rise Bloomberg [HONG KONG] The Hong Kong government on Tuesday sold three residential sites in the city's Tai Po district for a combined HK$6.l5 billion (Ssl .2 billion) to bidders including Sino Land Co,
      Bloomberg  -  367 words
  • Page 17 Advertisements
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    • 11 17 I H Hi' Tune in to Radio Your Choice Infotainment Station
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    • 576 17 CHINA INFRASTRUCTURE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of China Infrastructure Holdings Limited (the "Company") will be held at Quad Room, Changi Village Hotel, 1 Netheravon Road, Singapore *****2 on
      576 words

  • INDIA
    • 480 18 Progress impeded by red tape and official mistrust of privatisation Reuters [MUMBAI] Opportunities to invest in India's creaky infrastructure are on the rise, with US$35O billion worth of projects in the pipeline, but red tape and ingrained political mistrust of privatisation mean progress is slow.
      Reuters  -  480 words
    • 185 18 Bloomberg [NEW DELHI] India will allow overseas banks to acquire non-state lenders and list shares of their local units after April 2009. "Foreign banks may be permitted to enter into merger and acquisition transactions with any private sector bank," said V Leeladhar, deputy governor
      Bloomberg  -  185 words
    • 418 18 Bloomberg [NEW DELHI] India's Essar Group may get an option to sell its 33 per cent stake in a wireless venture to Vodafone Group Pic within four years as part of a shareholder deal, two people familiar with the matter said.
      Bloomberg  -  418 words
    • 248 18 Reuters [KOLKATA, Indial At least four people were killed in India's West Bengal state yesterday as police clashed with opponents of a planned industrial park, the latest incident in fresh unrest that has undermined economic reforms. Another seven were critically injured in the
      Reuters  -  248 words
  • Page 18 Advertisements
    • 73 18 l Name: Wang Rang *3® 39 Enjoy: Travelling, good food, catching up >'i It (w occupation: Research Engineer on China news in Chinese newspapers. gEMI ||j profile: Singapore PR, migrated from Concern.: Retirement nest and kid's HH ~Residence: 7-"r7o7nTt at ».t desired Family vacation That works out to about 70%
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    • 135 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF PREMIER INTERNATIONAL MARKETING PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****1227 D NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meetina of
      135 words

  • MIDDLE EAST
    • 418 19 It will trade oil swaps, futures and options contracts for oil companies Bloomberg [DUBAI] A Qatar-based company is setting up an energy-trading exchange in Qatar. International Mercantile Exchange will trade oil swaps, futures and options contracts for international oil companies, the first
      Bloomberg; FILE PHOTO  -  418 words
    • 259 19 Bloomberg [DUBAI] Construction of the world's tallest residential tower will start in Dubai by the end of the year, with the 160 apartments each selling for a minimum of US$2.4 million. The 516 metre building will have two 120-storey towers, with a total of 160
      Bloomberg  -  259 words
    • 465 19 It is state-run Mawared's first overseas foray Reuters [AMMAN] Jordan's largest property developer Mawared plans to set up this month a US$l billion holding firm to eye lucrative investments in the booming regional real estate market, its head said on Tuesday. Akram
      Reuters  -  465 words
  • Page 19 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 509 20 LATEST US DATA Figure is smallest since Q3 2005 as exports rise and oil prices stabilise Reuters. Bloomberg [WASHINGTON] The US current-account deficit shrank more than expected in the fourth quarter of 2006 to U*****.8 billion, as lower oil prices took a bite
      Reuters.; Bloomberg  -  509 words
    • 334 20 AFP [NUREMBERG] Foreign ministers from the European Union and the Association of South-east Asian Nations (Asean) were meeting here yesterday hoping to move towards a free trade deal between the regions. The EU is also set to indicate its willingness to
      AFP  -  334 words
    • WORLD WATCH
      • 105 20 Reuters [NEW YORK] Google Incis confident its popular video-sharing site You Tube and other Web services have strong legal protections under current copyright law, company attorneys said on Tuesday. Viacom Inc on Tuesday filed a US$l billion lawsuit that accuses Google and You Tube
        Reuters  -  105 words
      • 91 20 Bloomberg [DETROIT] General Motors Corp, the world's largest automaker, reported a fourth-quarter profit of US$95O million after a year-earlier loss as its automotive business improved. Net income rose to US$l.6B a share from a loss of US$6.6 billion, or U5511.63, a year earlier,
        Bloomberg  -  91 words
      • 95 20 AP [NEW YORK] The Metropolitan Opera will sell US$lOO,OOO boxes for next season's opening-night presentation of Lucia di Lammermoor with soprano Natalie Dessay (above) and tenor Marcello Giordani, the company said on Tuesday. For that price, the buyer gets an eight-seat box on the
        AP  -  95 words
    • 239 20 Bloomberg [BANGKOK] Thailand's prosecutor will file criminal charges against ousted prime minister Thaksin Shinawatra's wife and brother-in-law for evading tax ip a Shin Corp share transaction. The charges against Pojamarn Shinawatra and her brother Bhanapot Damapong will be filed in the criminal court this
      Bloomberg  -  239 words
  • Page 20 Advertisements
    • 1393 20 ADVERTISEMENT Written by Alan Devereux Bill continues: "I have been here since 1985 and I have The country recently held an historic election process found that the country has not only a strong business in which elected members gained power through a Four Singaporeans tell you their stories. ethic but
      1,393 words

  • WORLD
    • 704 21 MORTGAGE TURMOIL Worries that rise in defaults may weaken US housing market overall AP [NEW YORK] Economists have been arguing for weeks about the crisis in mortgage lending to risky borrowers and whether it could turn the entire economy sour. Wall Street
      AP; Source: Bloomberg  -  704 words
    • 180 21 Reuters [WASHINGTON] US Treasury Secretary Henry Paulson said on Tuesday a decline in US housing activity has caused some damage in subprime mortgage markets but was not hinting the overall economy. "I continue to believe the US economy is healthy," Mr Paulson said in
      Reuters  -  180 words
    • 501 21 Ripple effect feared which could make US consumers avoid second mortgages Reuters [HONG KONG] Asian stocks and bonds, back in a downswing triggered by a deepening US mortgage lending crisis, are expected to extend losses as investors shun risky assets and
      Reuters  -  501 words
  • Page 21 Advertisements
    • 2885 21 :*at^ «<? NOTICES Toll free: 1800-289-8822 Email: notices@sph com.sg J IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HSFR PERFORMANCE SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****5741 C NOTICE OF RESOLUTIONS At an Extraordinary G«n*ral Meeting of Ihe Company held
      2,885 words

  • AVIATION
    • 389 22  -  Airline only one of four non-US firms in ranking; it beats ExxonMobil, Boeing Reports by VEN SREENIVASAN [SINGAPORE] Singapore Airlines is flying dizzyingly high among the world's most admired companies, it has been ranked 17th by Fortune magazine, beating the
      389 words
    • 2315 22 CITY FUMT UA FUSMT ETP Aho Dhabi SQ4S5 1225 SQ«56 1300 Adelaide LH9771 1740 AF8088 2215 SQ268 1740 BA7B82 2215 AF8087 1830 Of82 2215 BA7381 1830 LH9770 2350 Qf81 1830 SQ269 2350 Ahmodabad SQ530 1930 Amsterdam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605
      2,315 words
    • 301 22 [SINGAPORE] Singapore Airline's regional carrier, Silk Air, will start a four-times weekly service to the city of Kaohsiung, Taiwan, from May 25. Flights will depart Singapore every Monday, Wednesday, Friday and Sunday at 0735 hours and will arrive at 1205 hours (local time). The return
      301 words
    • 445 22 Bloom berg [PHOENIX, Arizona] Airbus SAS, the world's biggest commercial plane-maker, plans to boost production of its A 330 airliner to nine a month in 2009 and is seeking approval for a rate of 10 aircraft a month by the end of
      Bloom berg  -  445 words
    • 522 22  -  By DONALD URQUHART [SINGAPORE] Underscoring the importance of Singapore and Asia to RollsRoyce, the UK power systems and services company has just held two-day meetings in the Republic of its board and newly created international advisory board. The meetings were held at The Arts
      CAROLINE CHIA/THE STRAITS TIMES  -  522 words
    • 169 22 Bloom berg [MANILA] Cebu Air Inc president Lance Gokongwei said the Philippine carrier may buy as many as 20 Airbus SAS A 320 planes, valued at about US$l.3 billion, as it adds routes to compete with rivals including Philippine Airlines Inc. Cebu Air on
      Bloom berg  -  169 words
  • Page 22 Miscellaneous
    • 172 22 CRYPTIC CROSSWORD DOWN sion? (9) YESTERDAY'S SOLUTION 2 Well up after a fairy's drink (8) Strict setter's on about papers Across: 1 Talent, 4 Improper, 9 Sa--3 Set in our characters, chang- fari, 10Gargoyle, 12 Tell, 13 Derby, ing ways (8) Queens back meaning 14 Shoe, 17 Bend sinister, 20
      172 words

  • SHIPPING
    • 499 23  -  SSA says proposed increases are unreasonable and inequitable By DONALD URQUHART [SINGAPORE] The 300member Singapore Shipping Association (SSA) has added its voice to the growing chorus of industry criticism of the Pamama Canal Authority's (ACP) "unreasonable" transit fee hikes as it
      AP  -  499 words
    • 368 23 Reuters [NEW YORK] A US shipping association is seeking nationwide uniformity for marine fuel standards to avoid unnecessary headaches for ship owners who have to meet different state emission requirements. Pacific Merchant Shipping Association (PMSA), which represents owners and operators of marine terminals,
      Reuters  -  368 words
    • 320 23 Bloomberg [FRANKFURT] The German city of Hamburg said it prefers to sell a stake in its Hamburger Hafen und Logistik AG (HHLA) container operation to the public rather than a single investor. Hamburg may sell 30 per cent of HHLA, less
      Bloomberg  -  320 words
    • 474 23  -  By CHRISTINE SIM TNT Express, a global provider of express delivery services, logistics supply chain solutions and mail services, opened yesterday its largest life sciences regional distribution centre (RDC) in the world. Called the Life Sciences Express Hub, the RDC spans 65,000 square
      474 words
    • 270 23 Bloomberg [HONG KONG] PetroChina Co, the nation's largest oil company, has started preparing the site of a receiving terminal for liquefied natural gas in northern China's Hebei province, a government official said. The fuel received will be used to supply nearby cities including Beijing
      Bloomberg  -  270 words
    • 326 23 Bloomberg [TOKYO] Nippon Oil Corp, Japan's largest refiner, said its new liquefied natural gas receiving terminal will help the company increase its share of the gas market as it sells the fuel to businesses in northern Japan. LNG will be sent via
      Bloomberg  -  326 words
    • 287 23 SGX '000 M« 14 SS Vol Ch Offshore 0.39 -0.02 331 Chuan Hup Hldgs 0.34 unch 6616 CoscoCorp 2.62 -0.08 ***** Cwt Limited- 0.90 -0.02 438 Ezra Hldgs 4.80 -0.18 443 Freight Links .0.08 unch 980 Grand Banks .0.93 0.04 28 Java Hold Ltd 1.44 -0.01 69 K1
      287 words
    • 706 23  -  STRAIT TALK By DAVID HUGHES ANYBODY who can recollect the shipping scene prior to containerisation would, on hearing that the International Transport Workers' Federation (ITF) has launched a free publication on HIV/Aids, probably assume seafarers were the ITF's principal target group. In fact they are not.
      706 words

  • EDITORIAL & OPINION
    • 522 24 EDITORIAL AFTER the blowout in stock markets earlier this month, Wall Street experts were quick to try and soothe frayed investor nerves by saying it was not the start of a bear market but merely a bull market correction. Several reasons were given ranging from
      522 words
    • 749 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group PICTURED recently on the cover of Fortune. Steve Schwarzman is "the new king of Wall Street", says the magazine. Mr Schwarzman heads the Blackstone Group, a big "private equity" firm. In capitalism's toolbox,
      The Washington Post Writers Group  -  749 words
    • 1143 24  -  Rising defaults on non-traditional loans cast a pall over the nation's financial sector LEON HADAR Washington Correspondent SOMETIMES you don't need a professional economist to warn you that there might be an economic problem on the horizon. When a friend had told me in
      BLOOMBERG  -  1,143 words
    • 873 25  -  And Greater Nagoya is the place where this method is practised par excellence ANTHONY ROWLEY Tokyo Correspondent I RECENTLY unlocked the secret of why Japan is able to remain industrially competitive despite growing challenges from such countries as China or Vietnam with their
      FILE PHOTO  -  873 words
    • 277 25  -  LETTERS TO THE EDITOR Myrna Thomas Managing Director, Corporate Affairs Temasek Holdings WE thank Vikram Khanna for his commentary "Temasek needs a foundation" (BT. March 12). Temasek has sponsored or supported various outreach programmes over the years. An example is the endowment programme STEP, set up
      277 words
    • 262 25  -  Tan Tow Yin Singapore THE recently proposed 10 per cent capital reduction by Mobile One (Ml) leaves much to be desired as far as existing shareholders are concerned. First, the reduction would substantially change Mi's capital structure, with consolidated net gearing rising from 21.3 per
      262 words
    • 776 25  -  By! DAVID HOWELL CAROLE NAKHLE Talleyrand warned his supporters, "Above all, not m too much zeal." In the I struggle to achieve a low-carbon future and combat climate change it is time for his advice to be heeded by the European
      776 words

  • Page 25 Advertisements
    • 103 25 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 libel
      103 words

  • 10940 26 SGX MAINBOARD Transaction date: Mar 14 52-Mt T«l Last Vol Day Last Quote Mr GrYtd Not MCap Um Code Coiupmy Sate W- C000) High Low lnyor SOm Cw HE Sm» 35 1 5716 1st Software 2 susp gj 111 J IIS fTetecom 9 OS 82 9 9 8.5
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  • Page 26 Advertisements
    • 33 26 iraoe irora oeposrc(o x mvmvqi) on moit mocks v C3o long or ahort >.♦ Competitive financing rata* In sR markets jft Access to Asian, US, Euro stocks Select Exchange Ttaded Funds and tncfices Competitfre
      33 words

  • 7258 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Hi tool can In la USX dy yr dy yr «dy *yr Mar 13 Inrtan Change Changa Changa Change Changa Ch«n»J« #taiB lnde« Piatiminav 1096.1 -0-9 -04 -07 4Z. -0-8 -04 l EAFE Pr»«mirv»f> 111U -ljD 05 -0* 03 -0.7 0.6 cji'jpe Ptrtnuiafy
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  • Page 28 Advertisements
    • 1546 28 UK COMTIMENT SERVICE U.B.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination DD MASTER DBI/ABU/DOH/BRN/DMM/KWT QUOC TU GAM INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT lUUAM lINWBSIN PAN DYNAMIC JDH/AQA/BJA VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia
      1,546 words
    • 430 28 v&n WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOY RAMP HBGHT LK MAO SAV Ml ORE TAMER LAN( AF7II 3201 mm MM 09/04 OMIT 11/05 15/05 11/05 16/05 TAMO A 1712 4201 m 6.4 M 11/04 OMIT 19/05 24/05 27/05 25/05 IAUSMAH AF7I4 3201 MS 6.4 M 06/05 30/05 00/06 12/06
      430 words

  • Page 29 Advertisements
    • 1635 29 WAN HAI INTERNATIONAL PTE LID at NO 1U*****000/R IrrrA unu mm mm TE1:*****5M (14LINES) FAX:*****163 \v\MN WAN HAI lINFn OutoiwrS«r«te/loolfcgsMractUm-(1800)*****200 IVVftll llftl Llllh V naiß:miMMltlM&|ll3)3M232nPMlH:«M|22tS4ooMX:|»4)2mtft IOHIEL (07) 251W23 MX: (07)*****21 SUR 1H: (031) 12*5475 FAX: (031) 32*2714/*****05 www wanhai mm <a *11H;(021)5254H18Ut(021)*****11fU11H;*****0/71*301 MX:71i379 WWW.WIMII.HW.H BBL (Ml) 4157M3M1:)0*1M15>925/*****89 Ivtssa 1 VOT
      1,635 words
    • 1222 29 ksESssfiEBKH^H [VESSEL VOY PKL I SIN I KARACHI PXS »A» PMM SIK KHOR IRAN BAABAEI PCL 8189 11/03 12/03 21/03 24/03 25/03 31/03 02/04 04/04 IRAN SATTARI PCL 8190 17/03 16/03 2S/03 28/03 29/03 04/04 06/04 08/04 IRAN TASATASAEI PCL 8191 22/03 23/03 31/03 04/03 05/04 11/04 13/04 15/04 [VHStt
      1,222 words
    • 700 29 @1 a®asu WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VtSStl I VOT I Sl* I FBAMG COLOMIO 111 SHEVA 1 COLOMBO pw mm iim m vm iajiy mow onw 21 mm omit ?smm iiw o?a» MAHMA OMW 27MM 7tM 31MM 04AW 08AW Alio ACOIMG
      700 words

  • THE BUISNESS TIMES SHIPPING TIMES
    • 6363 30 This ETA ETA twrtw Vassal Voyaga Telephone SM Darn Mian Man* Number W—ttr lb ABU DHABI (AUH) 2004 U. A. Emirates 27/03 10X14 SCI EMIRATES MARINA 711W *****355 To ADELAIDE (ADL) 2007 Australia 25X13 13/04 China Shpg ANl ESPRIT 036S *****896 25/03 13/04 PTDjakarta
      6,363 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 805 31  -  It's setting up investment company's BPM system, writes AMIT ROY CHOUDHURY Temasek Holdings has signed a Business Performance Management (BPM) deal with Tata Consultancy Services (TCS), Asia's leading IT services company. Announcing this here at the TCS global headquarters, Girija Pande, TCS' executive
      YEN MENG JIIN  -  805 words
    • 234 31 NYT [NEW YORK] Microsoft announced on Tuesday that it was extending the online gaming service for its Xbox consoles to the millions of people who use Windows PCs to play games over the Internet, a move that could bolster the popularity, and
      NYT  -  234 words
    • 250 31  -  This follows the setting up of its office in Tokyo By WINSTON CHAI SENDING out a strong signal of Vietnam's fast-devel-oping technology capability, one of the country's technology flag bearers has chosen Singapore as its base for expansion in the Asia-Pacific region. Hanoi-based
      250 words
    • 618 31 AFP [NEW DELHI] Who says cricket matches are unpredictable? A business solutions company in Mumbai has devised a computer model that forecasts cricket scores with apparently astounding success. The company, Fractal Analytics, scored a major hit by predicting West Indies' underdog victory over Pakistan
      AFP  -  618 words
    • 517 31  -  By WINSTON CHAI SOUTH Korea's Samsung will open a new factory in Vietnam and expand its production facilities in India as it seeks to meet Asia's growing appetite for IT and consumer electronics products. The new plant in Vietnam, the firm's second in the
      517 words
  • Page 31 Advertisements
    • 105 31 Viet firm chooses S'pore as base for Asia-Pac expansion. Lianhe Zaobao I Singapore Mod I I Manufacturers' I I Association I I to launch I I online I I shopping I Imbsito I I in the second halt I I zsc I BH ardware^^iß (amrTHHMU www.hardwarezone.com® handy Mobile-Phone Price Guide
      105 words

  • PROPERTY
    • 781 32  -  Authority acts to recover more than $1.8m property tax on building By KALPANA RASHIWALA ASIA Pulp Paper's former factory at Pioneer Road is being put up for auction by the taxman. APP part of the Sinar Mas Group, which defaulted on
      781 words
    • 307 33 Investment in mails, offices, hotels up 48% Bloomberg [LONDONI Investors are expected to increase spending this year on European commercial real estate after pouring a record 227 billion euros (Ss46o billion) into such assets in 2006, CB Richard Ellis Inc said. Investment
      Bloomberg  -  307 words
    • 337 33  -  By UMA SHANKARI AN unnamed developer has entered a bid of $79.4 million for a 0.24 hectare hotel site at the corner of Tanjong Pagar Road and Gopeng Street, triggering a public tender for the site. Market watchers, however, reckon that the
      337 words
    • 496 34  -  13 of 17 collective sales so far this year are in secondary locations By KALPANA RASHIWALA DESPITE big publicity for a few prominent sales, most of the en bloc deals so far this year have been outside the Orchard Road area, property advisers
      496 words
    • 1358 34 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSf STREET NAME TYPE DATE AREA*(SQFT) (SS 000) (SS) District 01 NON-LANDED Sherwood Twr Apt 15/02/2007 99 1389 378 272 The Sail Marina Bay Apt 16/02/2007 99 883 764 866 District 02 NON-LANDED
      1,358 words
  • Page 32 Advertisements
    • 244 32 I Site Area 65,500 sqft Plot Ratio 1.4 wm Walking distance to 255? Harbourfront MRT.Vivocity I Located at the foothills of Mount Faber (WMMMMMMH* A portfolio of 13 intricately restored shophouses Total built-up area: 66,000 sq ft Within walking distance to Tanjong Pagar MRT Fully tenanted within the Financial District
      244 words
    • 277 32 [ZZjut-x [frw I Collective Sale of \i 396-398 River Valley Road Land 1 .T3 3 2 sq.m. (approx. 18,656 sq.ft) \Sc\ MP2003 P.R.2.8 Maximum permissable GFA: 4,852.96 sq.m. «Sm Tenure: Freehold yS \oV Ideal for boutique SOHO-theme development W Walk to Great World City and Valley Point. iSgSP \s\ Minutes
      277 words
    • 117 32 1) Meyer Road Vicinity Land Area: 10,600 sf Plot Ratio: 2.1 Height: Up to 25 storeys 2) Marine Parade Vicinity Land Area: 16,000 sf Plot Ratio: 1.4 Height: Up to 5 storeys TRUSTEE'S AUCTION SALE Nos. 84 86 Cairnhill Road 2 units of 2-storey conservation terrace houses I Total Land
      117 words

  • Page 33 Advertisements
    • 182 33 BISHOPSGATE PRIME DEVELOPMENT SITE FOR SALE BY TENDER ZjsT™ 7 2- 50 Bishopswalk r-STj/ Laroe land size BrMsh 7S y approx. 69,189 sq ft Prestigious and serene 1 f/ neighbourhood, Ideal for super luxury development I Tt^ l 2S2^r d Close to Orchard Road \7477iT\*>y*»-'"" I VSA Oh iwwm» I
      182 words
    • 43 33 JALAN LIMTAI SEE Auction 21 March 2007 (Wed) s 2'/i-storey bungalow roof terrace s/pool Land 22,058 sq ft. Freehold High Ground, Exclusive Unblocked View, Windy Development Potential, zoned 3-storey mixed landed Tay Liam Hiap 6531 8616 Alison Lee 9188 9908 RON* •W9 OIH2R
      43 words
    • 281 33 Address 73 Bukit Timah Rd Singapore *****2 Lot Number TSI9-308A Lot Area 888!5 sqm Sross B/Up 4,437 sqm approx Tenure Estate In Fee Simple Zoning Commercial Ist1 st fir Showroom 2 nd 6 th flr office Height 6 storey 2 basement car park (48 lots) For further details, kindly call
      281 words

  • Page 34 Advertisements
    • 250 34 CI7ADUATTGV6 CAf 1? ijJtjl V-IJL HU UijIJO oALtk* 56-64 (even nos.) 762-772 (even nos.) North Bridge Rd Lorong 25A Geylang 6 adjoining 27? storey freehold shopnouses. 5 adjoining units of Land area from 2,500 2,900 sq ft approx. 2-storey shophouses, Near Malay Heritage Centre 8,297 sq ft, freehold Can sell
      250 words
    • 30 34 For Lease Office: 301 to 2830 sqft Restaurant/Shop: 1136 sqft Next to Shaw House/ Isetan Scotts Outside CBD Near Orchard MRT station Hong Fok Group Tel: 6390 2477/ 6292 8181
      30 words