The Business Times, 16 March 2007

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Microfilm: NL27343
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    22 1 The Business Times SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Friday March 16,2007
    22 words
  • Article
    Lock icon Protecting SMEs will hurt more than it helps: PM Lee
    521 1  -  In the long run, it would sap their vitality and dampen their entrepreneurial spirit By NANDE KHIN [SINGAPORE] Protecting Singapore's small and medium enterprises (SMEs) from the rigours of the real world would do them more harm than good, Prime
    521 words
  • Article, Illustration
    Lock icon Tour agents chalk up good gains as travel bug bites
    789 1  -  Strong economy, lower fares, lure of exotic places boost bookings By By CHRISTINE SIM and JANICE HENG [SINGAPORE] Travel agents have been busy, and not just with the recent flurry of travel fairs. Major travel agencies are reporting sales growth
    AP  -  789 words
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  • TOP STORIES
    • Article
      Lock icon NE Water on target even as 4th plant opens
      426 2  -  Ramp-up of capacity has yielded economies of scale: PM Lee By MATTHEW PHAN [SINGAPORE] Singapore has achieved its target of having NEWater satisfy 15 per cent of current needs and is now aiming for 30 per cent by 2011, Prime Minister
      426 words
    • Article
      Lock icon MARKETS DIGEST
      133 2 Dsn 3,094.60 (+41.39) ST INDEX FUTURES 3,092.00 (+42.00) siMsa 380.73 (+6.52) SIMSa FUTURES 381.00 (+7.90) MARKETS Thursday Chang* KLCOMP 1,180.31 >1_3.93 NIKKEI 22S 16,860.39 >183. SO HANG SENG 18.969.44 >132.51 SET INDEX 674.31 ->369 JAKARTA COMP 1,776.36 +14.08 MANILA COMP 3,043.61 -30.67 SEOUL COMP 1,426.93 >19.56 SHENZHEN B
      133 words
    • Article, Illustration
      Lock icon Prime Partners, London broker team up to draw Asia listings
      504 2  -  By CONRAD TAN [SINGAPORE] Homegrown financial services firm Prime Partners Corporate Finance (PPCF) has joined forces with London stockbroking firm Seymour Pierce to attract companies from Asia seeking to list on London's junior stock market. "This joint venture seeks to
      ARTHUR LEE  -  504 words
    • Article
      Lock icon Revised takeover code offers greater certainty, flexibility
      748 2  -  New code will come into effect on April 1 By WONG WEI KONG [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday issued a revised code on takeovers and mergers aimed at providing more certainty as well as flexibility. Shareholders will also be paid
      748 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      539 2 Record 176,000 new jobs created last year SINGAPORE'S labour market boomed last year with a record 176,000 new jobs created but not everyone appears to be happy. With more jobs available, more people seem to be dissatisfied about their pay and are looking to change employers. TOP STORIES,
      539 words
    • Article
      Lock icon Record 176,000 new jobs created last year
      615 3  - Record 176 ,000 new jobs created last year With jobs to go around, more are pickier about pay By CHEN HUIFEN [SINGAPORE] Singapore's labour market boomed last year with a record 176,000 new jobs created but not everyone appears to be happy. According to the Ministry of Manpower (MOM), 51,500
      615 words
    • Article, Illustration
      Lock icon LifeBrandz to bring Buddha-bar to Macau resort
      596 3  -  It is keen on similar collaborations at Singapore IRs By NANDE KHIN [SINGAPORE] Lifeßrandz, the local company behind Singapore's Ministry of Sound, is tying up with gaming giant Las Vegas Sands in Macau to bring another hot clubbing brand to Asia Buddha-bar. And
      JOHN HENG  -  596 words
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      134 2 Back ache? STRALIA An Education Experience that makes a real difference Australian Schools Info Evening Meet some of Australia's acclaimed primary, secondary ft boarding schools offering Grade 1-12 education. Learn about Australia's quality education pathway that provides a unique, creative learning experience for your child. Hale School (www.hale.wa.edu.au) Presbyterian Ladies'
      134 words
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      32 2 BT ONLINE BT print subscribers get free, access to the Business Times Online. To activate your account, log on to http: //business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      32 words
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      17 2 D6oK)le Hunting season has begun. I (Target: Private Barkers) wvv.\ V>.-ppo| ••.rwofk <on Am,< P.infr *«jtiv»- H|
      17 words
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  • COMPANY NEWS
    • Article
      Lock icon Glittering jewels in HPL's crown
      677 4  -  HOCK LOCK SIEW By VEN SREENIVASAN THE stock of mainboardlisted Hotel Properties has brushed aside the market volatility of the past two weeks to skyrocket some 37 per cent. This week alone, it shot up almost 24 per cent to a high of $4.52. The
      677 words
    • Article, Illustration
      Lock icon Keppel to set up environment tech research centre
      416 4  -  $50m facility will research topics relevant to Keppel's activities By MATTHEW PHAN TO replicate the success of its offshore and marine (O&M) business in the environmental arena, Keppel Corp is investing $50 million in a centre for research into' environmental technology. "Keppel
      DESMOND WEE/THE STRAITS TIMES  -  416 words
    • Article
      Lock icon SIA, US Airways seal new codeshare accord
      379 4 FLYING between Singapore and a group of mid-sized US cities is to be made less complicated as a result of a new codeshare agreement announced yesterday between Singapore Airlines and US Airways. With this new collaboration, SIA passengers going to Las Vegas or
      379 words
    • Article
      Lock icon Asian companies flocking to list on London's AIM
      367 5  -  By TEH HOOI LING MORE Asian companies are waking up to the opportunities of listing on the London Stock Exchange's Alternative Investment Market, or AIM, and are making their way there, said accountants from BDO's offices around the world. "Beginning in the
      367 words
    • Article
      Lock icon More buyout activity seen from private equity firms
      529 5  -  Companies with market cap of at least $500 m ,tech firms likely targets By By OH BOON PING and TETTYANA JASLI SINGAPORE may see more buyouts of listed companies by private equity firms this year, a director of CLSA Capital Partners (Singapore)
      529 words
    • Article
      Lock icon Daka interim manager: Reverse takeover best option
      511 5  -  By MICHELLE QUAH INDEPENDENT directors of Daka Designs say minority shareholders should support the reverse takeover (RTO) proposal made by the company three months ago, as it represents their best exit option. In a circular despatched to shareholders and posted on the Singapore
      511 words
    • Article
      Lock icon Noble to base coal, coke ops in S'pore
      185 5  -  By BENITA AW YEONG NOBLE Group, a global supply chain manager of agricultural, industrial and energy products, will base its coal and coke division in Singapore from April 1. The group's coal and coke division is a global player in the seaborne
      185 words
    • Article
      Lock icon COMPANY BRIEFS
      505 6 Kuok Group granted waiver on Wilmar offer KUOK Group has been granted a dispensation by the Securities Industry Council (SIC) from having to make a takeover offer for Wilmar International, one of the parties involved in a merger involving Wilmar, PPB Oil Palms Berhad, Kuok Oils Grains Pte
      505 words
    • Article
      Lock icon LifeBrandz posts Q2 revenue of $9.7 m
      385 6  -  Rise in profit attributed mainly to its Ministry of Sound operations By NANDE KHIN THE company that brought the Ministry of Sound nightclub to Singapore, LifeBrandz, yesterday reported a 76 per cent increase in its second quarter revenue for the three months ended
      385 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      6212 6 UNIT TRUSTS FUNDS HMMnMHtMaKS'pon) S«»E<«0(»W 1:004/ Star Europe Boni 1.187/ Sor Europe Id .1.198/ Star Asm Tiger EqQr U7/ Star Aaa Boat 132/ Sor toe Balanced Ij093/ Sor Globe/ Tednology Had)** ***** MMSiM 0.968/ SMi Asa BondtUSOl 0J62/ GfcMuHStUSO 1.168/ As* Bond MA *****/ AaaBondMB 54.5/ AaaTioEq&MA 82 3/ BnadiUA
      6,212 words
    • Article, Illustration
      Lock icon Life is beautiful
      1000 7 BT ADVERTORIAL Ever wondered what a harmonised lifestyle means? Ask the Fuji Xerox MD FUJI Xerox managing director Koh Ching Hong was a workaholic like most Singaporeans until about seven years ago, when he took another look at his life and decided to rearrange his priorities. "A
      1,000 words
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      66 4 STILE devotion to stone and tile created by BUILDERS SHOP fey iikjT Bt INK* -fl iIS VHHHHMHBH p^" jgfe> fH ntp^ 1»& H|. i v 'f• •"Jr, y i mjjmi v <^Kss>' marble travertine limestone onyx granite european tiles SHOWROOM www.stile.com.sg OPEN DAILY Mon Fri 10am 6pm, Sat 10am 7pm,
      66 words
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      23 4 I GOOD GAINS let your investors Know by advertising your financial results J in our newspapers. Call 1800 289 8822 or email notices@sphxom.sg.
      23 words
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  • Page 5 Advertisements
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      452 5 I, Tender Packets Public Housing Development Under Design, Build Sell Scheme Available at $100/- (inclusive of GST) during office hours (Mon Fri) from 16 March 2007 (Friday) at: On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased I The Procurement office, M r
      452 words
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      34 6 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. Globa "n ve tors An auspicious pool on investments
      34 words
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      113 7 pi yjovk At Home/ Learn to give yourself 1 kxiiL "II V. I Kit IV.IIK i'l.H'c: I<< Iv H SCII>C <'I til I!) it nil V (Mill! lu'lp I.t lie —IK > <iN>"l .t Hi ill V nit i- t <>\\ i .!< i 'i;.' i ||< tW r i;'
      113 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI regains 41 pts in cautious trading
      541 8  -  STOCKS Session marked by low volume, loss of momentum and short-covering; dealers doubtful about a sustained upturn RSIVANITHY Senior Correspondent THE Straits Times Index yesterday recouped 41.39 of the 106 points lost during Wednesday's blowout, but dealers were unconvinced that this heralded the
      Source Bloomberg  -  541 words
    • Article, Illustration
      Lock icon Untitled
      930 8 SECURITIES TRADING SCOREBOARD MAM SDQ TOTAL Up Down U*h Un Down Uwdi Up Down Uodi Mutti Ind 8 3_ J_ 8 3 6 Manufacturing 29 60 10 7 18 106 36 78 Commerce 37 17 18 4 2 7 41 25 Tpt/Stor/Comms 30 2 9 2 0 1 32 2
      930 words
    • Article, Illustration
      Lock icon The Business Times
      943 8  -  Source Bloomberg UMA SHANKARI CSE Global March IS due $141 CmCRO!* KESEARCH. March 14 UPBEAT assessment Our meeting with CSE's CEO and CFO has reaffirmed our view of a strong business environment for the oil and gas industry; thus we remain comfortable with our 25 per cent
      Source Bloomberg  -  943 words
    • Article, Illustration
      Lock icon Carry trades win latest round
      520 8  -  CURRENCIES LARRY WEE Senior Correspondent THE "flavour of the day" continued to alternate between fear (risk aversion) and greed (bargainhunting) in Asian currency trading yesterday, ahead of the US inflation figure due tonight. It was the turn of the high-yielders to rule the day in
      Source: Reuters  -  520 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Surprise 1.8% fall in retail sales in January
      317 9  -  Spending slump likely due to CNY coming in late Feb By UMA SHANKARI OVERALL retail sales declined 1.8 per cent to $2.76 billion in January this year from their level in January 2006, figures released by the Department of Statistics yesterday showed.
      317 words
    • Article
      Lock icon ST Airport in tie-up to service upcoming Bangalore airport
      320 9  -  By TAMARA MOHAN AN KUPPUSAMY AVIATION fuel logistics firm ST Airport Services (ST Airport) has formed a joint venture with Indian oil company Bharat Petroleum Corporation (BPCL) to provide refuelling services at the future Bangalore International Airport. The contract signed two
      320 words
    • Article
      Lock icon China's CCIC opens petroleum lab in S'pore
      383 10  -  It will certify all petroleum products to and from China By RONNIE LIM CHINA'S largest inspection, certification, survey and testing company China Certification and Inspection Company (CCIC) has just opened its first overseas petroleum laboratory in Singapore, the world's thirdlargest oil refining and
      383 words
    • Article, Illustration
      Lock icon Huge opportunities for S'pore firms in Jeddah
      459 10  -  By DANIEL BUENAS THE Saudi Arabian city of Jeddah has "hundreds of millions" of dollars of engineering, urban redevelopment, water treatment and other projects that Singapore firms can take on, Jeddah Mayor Adel bin Mohammad Fakeih said yesterday. Mr Adel, on a four-day
      LIANHE ZAOBAO  -  459 words
    • Article
      Lock icon AMK Hub adds vibrancy to mature town
      156 10  -  By CHRISTINE SIM ANG Mo Kio's huge new shopping centre is due to open today. Knight Frank Shopping Centre Management, in charge of running the new Ang Mo Kio Hub, says that the mall will make the Housing and Development Board town centre
      156 words
    • Article
      Lock icon Former Kay Hian trader jailed 10 months, fined $210,000
      343 10  -  Among charges are share rigging, insider-trading By MICHELLE QUAH A FORMER Kay Hian proprietary trader who was involved in the high-profile Mid-Continent sharerigging trial in 2001 was yesterday jailed and fined after he was charged in October last year with share
      343 words
    • Article, Illustration
      Lock icon Economists upbeat about outlook: poll
      390 9 ECONOMIC INDICATORS H2 export recovery, work on integrated resorts expected to fuel growth Reuters ECONOMISTS are more bullish about Singapore's economic outlook in 2007, with a recovery in exports in the second half of the year and work on two major casinos seen fuelling growth,
      Reuters; REUTERS  -  390 words
    • Article
      Lock icon HDB offers design, build and sell site for tender
      424 10  -  IN THE HEARTLANDS 1.8-ha plot at Boon Keng, Bendemeer junction could fetch $87-95 m By UMA SHANKARI THE Housing Development Board (HDB) yesterday said that it would launch a 1.8 hectare site at the junction of Boon Keng Road and Bendemeer
      424 words
  • Page 9 Advertisements
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      29 9 MITSUBISHI SHOWROOM: 241 Alexandra Road, Singapore *****1 Tel: 6473 9722 AUTHORISED DEALER: Cycle Carriage Fulco Motor Dealer, 22 Übi Road 4, Fulco Building, Singapore *****7 Tel: 6716 3000 www.mltoubishicirsxom.sg
      29 words
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      159 10 Christopher Columbus might have envied me. The boutique pockets of space at the Atrium were delightful to discover; the convivial ambience at The Atrium lounge where cosy parties gathered on plush red chairs as dulcet tones of the singer enhanced the ambience, Cabanas filled with private parties and Keyaki Bar
      159 words
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  • ECONOMY WATCH
    • Article
      Lock icon US housing woes may slow global fund inflow
      615 11 Loss of appetite for US assets would complicate task of financing deficits Reuters [NEW YORK] The deepest housing decline in 16 years could slow an inflow of global capital that has more than funded the massive fiscal and external deficits in the
      Reuters  -  615 words
    • Article, Illustration
      Lock icon BOJ will not signal policy change ahead
      268 11 Bloomberg [TOKYO] The Bank of Japan will not signal an interestrate policy shift in advance, but will explain its view on the economy and prices to help investors understand its intentions, said governor Toshihiko Fukui. "We won't say what we will do next,"
      Bloomberg  -  268 words
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      47 11 I Lianhe Zaobao I I Illegal remittance I I across the Strait I I is rampant I I Ss3.6b I I seized in I I 5 years by I I Taiwan I I authorities I I m#*tLTmic.mw I I I I m&±m& I I *****7 C I
      47 words
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      116 11 fpft, M jlk I J m I v- ii I r* s> 4r"' f I "4 a,,** P j Kjj < \*f. j Hpi «*i<# F Nata-I SctaK, Mm** Av™,* 3(# J CALL FOR NOMINATIONS ,Jf M f d 1 b" the I^I^HI science IfiiuiH. uuliu^ b||||ggl|j|jraßgM ■k;.-. nolo* r
      116 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Kuwait Finance House eyes some RHB assets
      653 12  -  It's in talks with EPF about taking over some of bank's branches, loans By S JAYASANKARAN in Kuala Lumpur KUWAIT Finance House is believed to be looking for ways to profit from its failed bid to take over Malaysian banking group Rashid Hussain
      FILE PHOTO  -  653 words
    • Article
      Lock icon M'sia to ease entry rules for some visitors from India, M-E
      432 12 AP [KUALA LUMPUR] Malaysia will relax visa restrictions recently imposed on visitors from a south-east Indian city, and will allow Iranians, Iraqis, Syrians and Palestinians to stay longer in the country, the government said yesterday. Indians who use Chennai
      AP  -  432 words
    • Article
      Lock icon Indon granite exports to S'pore subject to checks
      216 12 Reuters [JAKARTA] Indonesia will allow exports of granite chips to Singapore as long as the source of shipments is verified to guard against damaging the environment, the country's trade minister said yesterday. Ties between the Southeast Asian neighbours have soured recently amid
      Reuters  -  216 words
    • Article
      Lock icon Bursa Malaysia in Indon ana Viet stake talks
      232 12 Company also in talks to sell its KL HQ, says its CEO Reuters [KUALA LUMPUR] Malaysian stock exchange operator Bursa Malaysia is in early talks to buy strategic stakes in the stock exchanges of Indonesia and Vietnam, chief executive Yusli Mohamed Yusoff
      Reuters  -  232 words
    • Article
      Lock icon BURSA MALAYSIA
      2457 12 VOL Mull MM W- r»—I ABM Realty 1J6 0.03 115 AfaricBhd 033 0.01 462 Acp Industries 1.69 0.03 613 Advance Synergy 0 28 0.01 610 Advent* Bhd 0J1 0.01 33 AeMiJti Hldgs 034 0.01 66 Affin Holdings 335 0.02 1720 Ahmad Zaki Resou 2 45 0.04 9 AkCorp
      2,457 words
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  • India
    • Article
      Lock icon Reliance in talks to tie up with Carrefour
      319 13 Reliance says it plans to invest up to US$7b in retail venture AFP [NEW DELHI] Indian business conglomerate Reliance is in advanced talks with France's Carrefour that could involve buying a stake or creating a joint venture with the world's second largest
      AFP  -  319 words
    • Article
      Lock icon Reliance shares rise on news of acquisitions
      194 13 Bloomberg [NEW DELHI] Shares of Reliance Industries Ltd, India's most valuable company, rose on reports that the company is planning overseas acquisitions to expand its businesses in supermarkets, chemicals and oil and gas. The shares rose as much as 24.95 rupees, or 1.9
      Bloomberg  -  194 words
    • Article, Illustration
      Lock icon Vodafone gets to run Hutchison Essar
      238 13 Reuters [LONDON] Britain's Vodafone Group pic said yesterday it has reached an agreement with India's Essar group which will see it get operational control of India's fourth-largest mobile group, Hutchison Essar. Essar. an Indian conglomerate with interests in steel, oil and shipping, owns a
      Reuters; AP  -  238 words
  • Page 13 Advertisements
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      44 13 YOUR TRUSTED i PAYROLL SPECIALISTS For Secured, Hassle-Free and Timely payroll Call 6-*****68 now Stone Forest Accountserve Member, RSM International Stone Forest Accountserve Pte 18 Cross Street. #08-01. Marsh S McLennan Centre. Singapore *****3 Main (65) 6533 7600 Fax (65) *****877 accountsestoneforestcom.sg www.StoneforestAccounts.com.sq RSM
      44 words
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      2325 13 MANDATORY CONDITIONAL CASH OFFER by Walnut Re. Ltd. (Incorporated in the Republic of Singapore) (Company Registration No. *****2370H) to acquire all of the issued ordinary shares in the share capital of Chuan Hup Holdings Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0572R) not already owned or agreed
      2,325 words
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  • GREATER CHINA
    • Article
      Lock icon Fund assets seen topping US$1.4t by 2016
      393 14 McKinsey forecasts 25% annual growth in next decade Bloomberg [HONG KONG] China's assets under management in the funds industry may top USsl.4 trillion by 2016, making it the world's fast-est-growing market. McKinsey Co Inc said. The nation's USsls6 billion of managed assets will
      Bloomberg  -  393 words
    • BRIEFLY ASIA
    • Article
      Lock icon Tax law may force reform of economic zones
      175 14 Tax waivers only for certain sectors like high-tech and energy efficiency projects AFP {BEIJING] China's economic development zones may be forced to reform as a new law ends the preferential tax rates they have so far used to attract foreign investment, state
      AFP  -  175 words
  • Page 14 Advertisements
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      1065 14 Cats Notices ICNA CNA GROUP LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****0449K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of CNA Group Ltd. (the "Company") will be convened on 3 April 2007 at 168 Robinson Road, #2501 Capital
      1,065 words
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      560 14 m BIOSENSORS INTERNATIONAL BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated In Bermuda with limited liability) (Company Registration No. EC *****) NOTICE OF SPECtALOCNttiU:MEETING i <1,. «jw» v NOTICE IS HEREBY GMVEN that a Special General MaWfnfl of Biosensors IntemaHortal Group, Ltd. (the "Company") will be held at The Board Rbom, Biosensors Interventional
      560 words
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      390 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF THOMSON AUTO SUPPLY PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****5954H) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter SO, the Final Meeting of
      390 words
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      735 14 IN THE MATTER OF NOVARTTS CONSUMER HEALTH SINGAPORE PTE LTD (COMPANY REGISTRATION NO. 1M*****5C) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50. that a Final General Meeting of the members of the abovementioned Company will be held at One Raffles
      735 words
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      295 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 2G CORPORATION PTE LTD (COMPANY NO. **********) (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an Extraordinary General Meeting of the abovenamed Company held at 5 Shenton Way #28-02 UIC Building Singapore *****8 on 9 March 2007, at 11.00
      295 words
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  • ASIA-PACIFIC/WORLD
    • WORLD WATCH
    • Article
      Lock icon Imperial Tobacco makes bid for Altadis
      285 15 Offer values its Franco-Spanish rival at 11.5b euros Reuters. Bloomberg [MADRID/LONDON] Britain's Imperial Tobacco Pic has made a long-awaited cash bid for Altadis, valuing its Franco-Spanish rival at 11.5 billion euros (5523.2 billion). Gauloises and Fortuna cigarette maker Altadis said yesterday the unsolicited offer
      Reuters.; Bloomberg  -  285 words
    • Article, Illustration
      Lock icon US order may free N Korean funds in Macau bank
      527 15 Bloomberg. AP [WASHINGTON] US Treasury Department officials took action on Wednesday that could free North Korean funds in Macau's Banco Delta Asia and benefit nuclear disarmament diplomacy, even as the regulators cut off the financial institution from the US banking
      Bloomberg.; AP  -  527 words
    • Article
      Lock icon Thai car market hit by slowing economy
      432 15 Sales down 18.4% in February, after January's 23% drop By OUR CORRESPONDENT in Bangkok A SLOWING economy coupled with lower consumer confidence and continued political uncertainties have all taken a toll on Thailand's once robust domestic automotive market as monthly sales of vehicles
      432 words
    • Article
      Lock icon Wholesale inflation surges in Februaiy
      191 15 LATEST US DATA AP [WASHINGTON] Inflation at the wholesale level surged in February, pushed higher by a big jump in energy prices and the largest increase in food costs in more than three years. Wholesale prices rose by 1.3 per cent last month, the biggest
      AP  -  191 words
    • Article
      Lock icon Temasek unit NIB set to close Pakistan bank deal in May
      455 15 Due diligence on PICIC two-thirds complete, says NIB Bank chief Reuters [KARACHI] Pakistan's NIB Bank, a subsidiary of Temasek Holdings, said it was set to close the deal to buy PICIC in May, giving it control of the country's
      Reuters  -  455 words
  • Page 15 Advertisements
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      1479 15 Cats Notices M THE MATTER OF TME 00MMME8 ACT, CHAFTBI SO AND M THE MATTER OF UVOMA MVEBTMENTS PTE LTD (M MEMBERS'VOLUNTARY UQUDATIOM) (CompMiy Registration No. *****4000) NOTICE OF HNAL MEETMQ Notice Is hmbv given that pursuant to Section 308 of the Companies Act, Chapter 60. the Final Meeting of
      1,479 words
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  • AVIATION
    • Article
      Lock icon MAS's new low-cost airline set to start Penang service
      463 16  -  Firefly seen as no threat to Air Asia; mystery continues to shroud Asmara Air's position By S JAYASANKARAN in Kuala Lumpur IT looks as if new airlines are jostling for space in the flight schedules to and from Penang in Malaysia.
      463 words
    • Article
      Lock icon Qatar Aiiways to buy 80 jets from Airbus
      383 16 AFP Reuters [PARIS] Qatar Airways said yesterday it plans to buy 80 Airbus A 350 aircraft for about USsl7.2 billion, in what would be one of the biggest orders ever for the crisis-hit aircraft maker. The order would also be a huge
      AFP; Reuters  -  383 words
    • Article, Illustration
      Lock icon Tiger Airways gets nod to set up Aussie unit
      359 16  -  It aims to start services in Australia later this year By VEN SREENIVASAN [SINGAPORE] Tiger Airways has obtained formal approval from Australia's Foreign Investment Review Board to proceed with the setting tip of its wholly owned subsidiary, Tiger Airways Australia. The
      REUTERS  -  359 words
    • Article, Illustration
      Lock icon Indonesia could shut some airlines after latest disaster
      286 16 AFP [JAKARTA] Indonesia's new air transport chief is to step up the monitoring of airlines and could shut some down, a report said yesterday, following a fiery plane disaster that killed 21 people. "In the near future, hopefully some (domestic airlines) will
      AFP  -  286 words
    • Article
      Lock icon Qantas says earnings to meet estimate
      162 16 Bloomberg [SYDNEY] Qantas Airways Ltd. Australia's biggest airline, forecast earnings will rise in line with analyst estimates, after some investors said an Asll.l billion (5513.3 billion) buyout offer doesn't reflect its improved outlook. Earnings for the year ending June 30 are likely to be
      Bloomberg  -  162 words
    • LOG BOOK
      • Article
        Lock icon Old Bangkok airport reopens March 25
        46 16 AP [BANGKOK] Bangkok's old international airport, Don Muang, will be ready to reopen on March 25 to ease congestion at the new international facility which has been plagued by problems including taxiway cracks, said Deputy Transport Minister Sansern Wongcha-um yesterday.
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        Lock icon Airbus workers to strike across Europe
        9 16 AFP (Toulouse, France)
        AFP  -  9 words
      • Article
        Lock icon ANA, JAL Bombardier planes flying again
        71 16 Bloomberg [TOKYO] All Nippon Airways' (ANA) and Japan Airlines' (JAL) fleets of Bombardier planes re-entered service yesterday after maintenance checks triggered by an All Nippon emergency landing in Kochi, Japan, on Tuesday. All Nippon replaced pins securing bolts on its 17 remaining Bombardier planes'
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      • Article
        Lock icon Aeroports de Paris profit falls 16%
        62 16 Bloomberg [PARIS] Aeroports de Paris, the state-controlled manager of the French capital's Charles de Gaulle and Orly airports, said 2006 profit dropped 16 per cent on the cost of the company's initial public offering last June. Net income declined to 152 million euros (Ss3o9
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2279 16 cm iuw m hmb n» Ati5* i LH9770 2350 WW "40 SQJW_2J50 iisrr Siis SQ323 0645 L***** 2345 '605 5Q324 234? S 0130 8 UL2433 0130 NZ4385 2100 5Q282 0630 SQ285 2100 LH9767 2015 EK432 2105 NZ4386 2015 UL2432 2105 GF149 0455 OA814S 0840 OA8149 0455
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  • SHIPPING
    • Article
      Lock icon Indian port operator to raise 18b rupees from share sale
      615 17 Company will use funds to expand facilities at Mundra port in Gujarat Bloomberg [NEW DELHI] Mundra Port Special Economic Zone Ltd plans to raise as much as 18 billion rupees (***** million) in the first initial stock sale by an
      Bloomberg  -  615 words
    • Article, Illustration
      Lock icon Asia is cruising's new frontier – just not right away
      801 17 Asia is cruising's new frontier just not right away AP [MIAMI BEACH. Florida! The Port of Shanghai is getting a new cruise passenger terminal. South-east Asian nations are teaming up on a website for cruise travellers. Officials from China are using the 2008 Olympics to promote a triangle of northern
      AP; AFP  -  801 words
    • Article
      Lock icon India's Shipping Corp to buy 60 vessels
      178 17 Bloomberg [NEW DELHI] Shipping Corp of India Ltd, the nation's biggest shipping company, plans to buy 60 vessels for as much as US$3 billion to meet rising demand for transporting goods in the world's sec-ond-fastest growing major economy. The new vessel acquisition plan
      Bloomberg  -  178 words
    • Article
      Lock icon Tanker rates seen rising further in April on vessel shortage
      163 17 Bloomberg [LONDON] The cost of transporting two millionbarrel cargoes of Middle East crude oil to Asia by tankers, already at its highest in more than five months, may rise further because of a shortage of vessels as Opec keeps production
      Bloomberg  -  163 words
    • Article
      Lock icon When time limit does not apply
      695 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE one-year time limit for a shipper to sue a carrier under the US Carriage of Goods by Sea Act (Cogsa) did not apply where the carrier sought an indemnity from the stevedore for any amount paid to settle
      695 words
    • Article
      Lock icon Aker ASA to raise funds from sale of Aker Yards stake
      299 17 Bloomberg (Oslo) lished companies, such as Aker Drilling, Aker Floating Production and fish processor Aker Bio Marine. In January, Aker raised 4.7 billion kroner by cutting stakes in Aker Yards and oil-equip-ment maker Aker Kvaerner ASA to 40.1 per
      Bloomberg  -  299 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Risk of graft ever rising
      520 18 EDITORIAL SINGAPORE has again emerged the least corrupt country in Asia, according to Political and Economic Risk Consultancy (Perc)'s latest findings. It has consistently ranked in this position since the firm first polled expatriates on the matter back in 1992. So what else is new?
      520 words
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      Lock icon India needs political will to create its own Shenzhen
      756 18  -  THE BOTTOM LINE ANDY MUKHERJEE THERE'S much optimism in India about the transformation of a small hamlet of paddy fields and wetlands in the south of the country into a global electronics hub. Local media say India may have found its
      756 words
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      Lock icon US electoral politics a dampener on free trade
      1171 18  -  Many analysts predict Congress would refrain from extending the president's trade-promotion authority and could even end up rejecting a couple of inked trade accords LEON HADAR Washington Correspondent THE snow is melting in Washington DC. Spring is in the air and the
      AFP  -  1,171 words
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      Lock icon Globalisation of Asian economy
      1643 19  -  China and India are key drivers of rapid change in Asia, and their fast growth is deeply impacting South-east Asia By K KESAVAPANY Geopolitics and geoeconomics have shifted from Europe to North America to Asia or, in 'maritime terms, from the Mediterranean to the Atlantic to
      REUTERS  -  1,643 words
    • Article
      Lock icon Are subprime woes isolated?
      795 19  -  The largest concern may be the possibility they are part of fallout from the explosion of risky mortgages By GENE SPERLING Bloomberg FOR a brief moment at the start of the new year, data showing gains in new home sales and declining inventories of unsold properties
      Bloomberg  -  795 words
    • Article
      Lock icon HDB is sympathetic to hardship cases
      160 19  -  LETTER TO THE EDITOR Loh Swee Heng Deputy director (resale) for Director (Estate Administration Property) Housing Development Board I REFER to the letter "Why can't HDB be kind, more flexible?" by Leong Sze Hian (BT, March 9). If Mr Leong's friend has already enjoyed
      160 words
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btietterOsph.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
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  • FOCUS: HEDGE FUNDS
    • Article
      Lock icon Hedge funds and brokers take a beating
      678 20  -  Funds specialising in Asia down 3-4% in global stock slide By NEIL BEHRMANN in London HEDGE funds have performed dismally in the latest market slide, even though their very purpose is supposed to protect their holders from stock market trauma. And since hedge
      678 words
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      Lock icon Asset valuation: need oversight say regulators
      20 20 Aim is to prevent managers inflating returns that determine their pay Bloomberg (New York)
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      Lock icon Hedge funds blamed as Asian markets falter
      819 20 Their growing influence exaggerates market movements, creating even more unpredictable gyrations in the future NYT THE recent volatility and pullback in Asian markets have prompted some investors to sound a familiar refrain: It's all the fault of the hedge funds. In the last
      NYT; AP; REUTERS  -  819 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10475 21 SGX MAINBOARD Transaction date: Mar 15 52-Wk Td Last Vol Day L»t Quote Ok* GrVM MM MCap Wgfc Low Coda Company Silt r*08) Hlgk low h)Hf Mhi Cw HE WmI 35 I 5716 1st Software 2 susp 11 115 6 3148 STelecom 9 8.5 9 4.7 14 123
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  • Article
    Lock icon FINANCE & COMMODITIES
    7066 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ dy %yr dy yr dy *yr Mar 14 Indox Change Change Change Chanqo Chang* Chango World Index Preliminary 1071.4 -1.7 -2.7 -13 -2.5 -1.6 -2.5 t EAR Prefaninatv 1083.3 -2.7 -22 -2.1 -1.9 -2.5 -1.9 Europe
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      869 23 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TIB/NAN AURORA SAPPHIRE CAM/NFK/NCX/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.EJL SERVICE Destination Destination DO MASTER DBI/ABU/DOH/BRN/DMM/KWT QUOC TU QAM INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT PAN DYNAMIC JDH/AQA/BJA VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Molaysio, Indonesia loads
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      914 23 vKsa/vor M 10 at jg snunsowsss u m/a n/w \i/n SRMTSEXRBSi JO 4.0 H/W M/ 03 17/B3 VBSfIL/VOT tMTOTTwBSOTIW) I J I» I STD WB. W M mmmam ioo u u*m vvm im/w nrvw is-iyis OKSM/DU IN 5.0 11-11/13 01-01/04 0343/ M OMK/M OMI/M IMZ/04 tummmm ioot s.i it/n n/w
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      64 23 lamP. T. DJAKARTA LLOYD (PERSERO) IVv AUSTRALIA FULL CONTAINER SERVICE 5 |wr|sw|w»|i«|w|n>|»|Mi MIOMZ 148 11/01 JO/OJ 17/0) Itl/M M/M M/M mwmtUA MIS tS/M 27/01 [o*/04|00/04|10/01lU/M| ImE WMM wg a/X M/ 14 1 s4/ss|s4/ssl SS/SSIII/05 I I FT Piokortß Uoyd (Singopore) Ud I Operator Code: Dl CR NO **********00 I 10
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      1406 24 WAN HAI INTERNATIONAL PR LTD a NO: lWStioooo/R VtrA nun TEL6226ISM (14IMS) F/UL6224U63 V\\M 1 WAN HAI I IMPS en—rS«>ta/liith|iMm)Lh.• (**********200 V li V lIHI 1.11 mmJ mibmnMiMM&msMisainNiLMnumfwbMßNMt V- JOH IBj (07) *****23 FAX: (07)*****21 SUI1H:(03I) 324$47SWUL (031)*****14/ *****05 iif.h.l JKTm: (021) S2S4IMIML (021) S2S47M PUN IB: 71«3M/7I*XI HUt *****1
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      1124 24 liTl EASTERN CAR LINER, LTP~I fttfgra v 1 mm. i—nm unum sa m pw jkt sm ia i: 111 ill III! Ibm h ■I! I WWUM JillillJ WiMlM'iflW VOT UhteggT) SH«fOM~| 01 TM CN NU WML -=if=^= -4- —m—=M=—= ■Mi tf I I I aiBI liw I nlmi 1 EmSSSHHBBHHI
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      567 24 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO Ml NORTHERN AND WESTERN CO POINTS ussa m <M I turn. I man 1 Itatw Icduwo I ■mrawtt ttwhi mm im |ani vm 1 luuan ma_ hum l w|an nut Inm I ■HWW I W I PIM IHW I 11M I WW
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  • The Business Times Shipping times
    • Article
      Lock icon The Business Times Shipping Guide Export
      6877 25 This ETA AiHithB Vessel nSSmt Burnt*?* To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/03 26/04 Detmas CMA COM C010MBIE 714W *****344 23/03 27/04 Detmas CMA CGM C010MBIE 714W *****344 31/03 05/05 Detmas CMA CGM PUMA 715 W *****344 02/04 0V05 Detmas ELISA DELMAS 716W *****344
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      387 25 IRISL, tih® (kN&ssD M Qfh® MM(M& Sstib (&§(3®ipQ3 amggjp&s) ©no tfho&ygjlh Mill ifexr 0® Saalkmsl ipGfitnfte Sua Utpsiin Q® @oJo§o ®3m) &tm fcasOmi) Mum* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SON BHD PT.
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      Lock icon Page 25 Advertisements Column 2
      321 25 IE S^=^=£==|l= imMMA It ii 11/K liyw 11 rumu I bb I »n I n/w I ptMw ffiin bbh =^==p== jl= M 1 II m mam wiim *1/9* w/w i mmw I 1114 tl/M M/H I I I mil mTAK iii i7/u fg/ii Ihc mTmii i niO4S 111/13 IH/M I
      321 words
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      Lock icon Page 25 Advertisements Column 3
      284 25 Hp* 6LBRV MSIIMTiiM GMMpI I SINCE 1970 I I OWNS OPERATES INK YOUNOSST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS covauNO I THE ENTIRE ASIA PACIFIC PORTS I ffUMHAW WfEKLY HRVICtS: KAOHSHJNO A CHINESE PORTS, HONO KONO I TO tPMM I I SOUTHtAST ASIA I mUKX NAP WOON MPFM
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  • PURSUITS
    • Article
      Lock icon Electrifying St James draws them in
      671 27  -  night out Conrad Raj MONDAY'S official opening of St James Power Station by Defence Minister Teo Chee Hean was a vindication of nightclub operator Dennis Foo's plans many said his dreams for transforming a dilapidated former generating station into what is now Singapore's hottest
      671 words
    • Article, Illustration
      Lock icon Portrait photos as replacement for art
      661 27  -  By GEOFFREY EU POSING for the annual family photo is usually a staid affair in an uninspired and impersonal studio setting and considered an obligation or a chore, but nowadays more people are taking the opportunity to turn their family portraits into personal statements
      661 words
    • Article, Illustration
      Lock icon Empowering women through works of art
      1079 27  -  Egyptian-born artist Ghada Amer projects a rather different persona from one you might associate with the erotic imagery she uses, says PARVATHI NAYAR S PARVATHINAYAR #t WANTED to Jj I speak about I women and I wanted to I speak about I painting. So
      ARTHUR LEE  -  1,079 words
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      50 27 ONCE-A-YEAR WAREHOUSE SALE SAVE UP TO 80% Today and tomorrow 10-SPM 37 Jalan Pcmimpin 04/05 -rup "tt\i inj ai i f-px/ (Union Industrial Bldg off Upper Thomson Rd) II l_ J Will N U) LL 1_ rvy www.johnerdosgallery.com Furnish your life ALL SALES FINAL. CASH NETS MC VISA AMEX. J
      50 words
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  • EPICURE
    • Article, Illustration
      Lock icon New food-kid on Discovery block
      666 28  -  Bobby Chinn will explore regional markets, taste street fare and put his own spin on a local dish in World Cafe: Asia on Discovery, says GEOFFREY EU GEOFFREY EU AS IF there aren't already enough hip-looking, wisecracking, bad-boy chef-restaurateur types on television these days, another
      666 words
    • Article
      Lock icon Mouton Rothschild: A vertical tasting of 22 vintages
      1051 28  -  By N KYONG VERTICAL tastings are enormously instructive. You learn at least two very important things: 1) It is the best way of getting acquainted with the style and taste profile of a wine; 2) More importantly, you learn how growing conditions
      1,051 words
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      178 28 Diners Club Card n«pp/ M 0980 A World of Exclusive Privileges Treats Diners Club www.Jmers.com.sg International' Go India MM Award winning wines from Western Australia Southwest Corner. "Harvey River Bridge Estate Cabernet Shiraz Merlot 2004". A well-balanced full-bodied blend of rich cherry raspberry, plum and vanilla characters- excellent for maturing.
      178 words
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      37 28 To Celebrate With M A corporate gift, a company dinner or just casual drinking, Le Vigne offers a large selection of wines f -J| for each occasion. BP by c £,es~Viqne/ 40 Holland Grove Rd. Tel: *****053
      37 words
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  • Cinema
    • Article, Illustration
      Lock icon The Messengers: return to sender
      542 29  -  By GEOFFREY EU DESPITE the fact that just about every horror movie cliche known to man makes it onto the screen within the first few minutes of The Messengers, the new film from the directing tandem of Danny and Oxide Pang possesses some admirable qualities.
      AP  -  542 words
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      Lock icon Happy days for The Picturehouse
      704 29  -  The alternative cinema theatre is celebrating its first year with a bang; You're invited to share in its joy by viewing some nice, feel-good films, says PARVATHI NAYAR PARVATHI NAYAR HAPPY Ist Anniversary Film Festival: that's the peppy and distinctly nonarthousey title given to the
      FILE PHOTO  -  704 words
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      Lock icon Not-so-realistc take on US politic
      342 29  -  DVD By PARVATHI NAYAR THE timing of the Commander in Chief DVD is pretty cool: Hillary Clinton's potential candidacy for the next presidential race adds a lot of speculative weight to the TV series about America's first female president. That the series has been prematurely
      342 words
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      Lock icon Inspiring fare for local-soccer fans
      358 29  -  By MATTHEW PHAN THE Kallang Wave one of five films to be showcased at Picture House's first anniversary is a heartfelt documentary that looks at Singaporeans' relationship with local soccer, from the starting point of their support for national team the Lions. The lovingly made
      FILE PHOTO  -  358 words
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      87 29 Celcbratc the passion and genius of Verdi, the greatest opera composer of all time, in this one-night-only concert of his greatest hits from Nabucco, Othello, Don Carlo, Rigoletto, II Trovatort, and La Tmviata performed by a stellar group of all-Asian singers supported by the SLO Chorus and The Philharmonic Orchestra.
      87 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      193 29 CRYPTIC CROSSWORD DOWN 11 Enter dining hall, and find YESTERDAY'S SOLUTION 1 Deposit cash, and row results oneself in trouble (3,4,1,4) Across: 1 Fairway 9 Reindeer 10 (4) 14 Lose one's nerve when a Tequj a n Erectl on, 12 Ailing,' 13 2 Callous Cockney sounds naive bird s on
      193 words
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  • executive lifestyle
    • Article
      Lock icon Mad about real estate once more
      585 30  -  off the cuff jaime ee I'VE been thinking lately about a change in profession. What with the property market being so hot now, I think I could be a successful real estate agent. After all, so many people from various professions seem to be
      585 words
    • Connecting women
      • Chapter
        Lock icon Untitled
        274 30  - Women in Singapore are getting more organised and networking to nurture and support themselves at professional and personal levels, says PARVATHI NAYAR PARVATHI NAYAR Unifem Singapore's president Saleemah Ismail agrees. She explains that the organisation was set up with the purpose of working towards women's empowerment and gender equality in
        274 words
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