The Business Times, 16 March 2007
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2007-03-16
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The Business Times
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Title Section22 2007-03-16 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 16,200722 words
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521 2007-03-16 1 NANDE KHIN - 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, Prime521 words
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Article, Illustration789 2007-03-16 1 CHRISTINE SIM; JANICE HENG - 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 growthAP - 789 words
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Page 1 Advertisements
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Advertisement20 2007-03-16 1 ASIAN MARKETS Hedge funds take the rap again page 20 HHH {fi 7 JBl >*■ TO KjWMEN Increasingly,women are support themselves20 words
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Advertisement12 2007-03-16 1 COMMENTARY HPLinthe limelight PAGE 4 11l s'^szisrsooocK 11 Markets Digest Page 212 words
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Advertisement46 2007-03-16 1 clubbing mm Lifebrandz bringing D O Bnddha-bar to Asia WINE MoutonßothscMd: A vertical WVGI2B NIGHT OUT Starting today, a new weekly column on happenings in town. Executive Lifestyle PAGE 27 U WmMZ u I UK y, B fu mm J& m /A V M r -_j46 words
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TOP STORIES
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426 2007-03-16 2 MATTHEW PHAN - 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 Minister426 words
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Article133 2007-03-16 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 B133 words
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Article, Illustration504 2007-03-16 2 CONRAD TAN - 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 toARTHUR LEE - 504 words
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748 2007-03-16 2 WONG WEI KONG - 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 paid748 words
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Article539 2007-03-16 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
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615 2007-03-16 3 CHEN HUIFEN - 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), 51,500615 words
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Article, Illustration596 2007-03-16 3 NANDE KHIN - 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. AndJOHN HENG - 596 words
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Page 2 Advertisements
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Advertisement134 2007-03-16 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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Advertisement32 2007-03-16 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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Advertisement17 2007-03-16 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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Page 3 Advertisements
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COMPANY NEWS
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Article677 2007-03-16 4 VEN SREENIVASAN - 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. The677 words
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Article, Illustration416 2007-03-16 4 MATTHEW PHAN - $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. "KeppelDESMOND WEE/THE STRAITS TIMES - 416 words
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379 2007-03-16 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 or379 words
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367 2007-03-16 5 TEH HOOI LING - 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 the367 words
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529 2007-03-16 5 OH BOON PING; TETTYANA JASLI - 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
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511 2007-03-16 5 MICHELLE QUAH - 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 Singapore511 words
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185 2007-03-16 5 BENITA AW YEONG - 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 seaborne185 words
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Article505 2007-03-16 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 Pte505 words
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385 2007-03-16 6 NANDE KHIN - 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 ended385 words
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Article6212 2007-03-16 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/ BnadiUA6,212 words
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Article, Illustration1000 2007-03-16 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. "A1,000 words
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Page 4 Advertisements
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Advertisement66 2007-03-16 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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Advertisement23 2007-03-16 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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Advertisement452 2007-03-16 5 I, Tender Packets Public Housing Development Under Design, Build Sell Scheme Available at $100/- (inclusive of GST) during office hours (Mon Fri) from 16 March 2007 (Friday) at: On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased I The Procurement office, M r452 words
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Page 6 Advertisements
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Advertisement34 2007-03-16 6 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. Globa "n ve tors An auspicious pool on investments34 words
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Page 7 Advertisements
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Advertisement113 2007-03-16 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
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Article, Illustration541 2007-03-16 8 RSIVANITHY - 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 theSource Bloomberg - 541 words
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Article, Illustration930 2007-03-16 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 2930 words
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Article, Illustration943 2007-03-16 8 UMA SHANKARI - 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 centSource Bloomberg - 943 words
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Article, Illustration520 2007-03-16 8 LARRY WEE - 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 inSource: Reuters - 520 words
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SINGAPORE NEWS
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317 2007-03-16 9 UMA SHANKARI - 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
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320 2007-03-16 9 TAMARA MOHAN AN KUPPUSAMY - 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 two320 words
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383 2007-03-16 10 RONNIE LIM - 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 and383 words
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Article, Illustration459 2007-03-16 10 DANIEL BUENAS - 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-dayLIANHE ZAOBAO - 459 words
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156 2007-03-16 10 CHRISTINE SIM - 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 centre156 words
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343 2007-03-16 10 MICHELLE QUAH - 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 share343 words
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Article, Illustration390 2007-03-16 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
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424 2007-03-16 10 UMA SHANKARI - 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 Bendemeer424 words
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Page 9 Advertisements
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Advertisement29 2007-03-16 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.sg29 words
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Page 10 Advertisements
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Advertisement159 2007-03-16 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 Bar159 words
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ECONOMY WATCH
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615 2007-03-16 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 theReuters - 615 words
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Article, Illustration268 2007-03-16 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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Page 11 Advertisements
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Advertisement47 2007-03-16 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 I47 words
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Advertisement116 2007-03-16 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* r116 words
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MALAYSIA/INDONESIA
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Article, Illustration653 2007-03-16 12 S JAYASANKARAN - 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 HussainFILE PHOTO - 653 words
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432 2007-03-16 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 ChennaiAP - 432 words
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216 2007-03-16 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 amidReuters - 216 words
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232 2007-03-16 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 YusoffReuters - 232 words
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Article2457 2007-03-16 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 AkCorp2,457 words
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Page 12 Advertisements
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Advertisement22 2007-03-16 12 fadi o9l3l lAUUnMiHH s t> 3 Radio 91.3 is managed by E SPH Unionworks, a subsidiary of GflF Singapore Press Holdings if22 words
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India
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319 2007-03-16 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 largestAFP - 319 words
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194 2007-03-16 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 1.9Bloomberg - 194 words
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Article, Illustration238 2007-03-16 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 aReuters; AP - 238 words
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Page 13 Advertisements
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Advertisement44 2007-03-16 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 RSM44 words
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Advertisement2325 2007-03-16 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 agreed2,325 words
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GREATER CHINA
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393 2007-03-16 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 willBloomberg - 393 words
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BRIEFLY ASIA
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11 2007-03-16 14 Reuters (Hong Kong)Reuters - 11 words
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50 2007-03-16 14 AFP [BEIJING] Bank of Beijing, partly owned by the Dutch ING Group, plans to raise USsl billion in simultaneous listings in China and Hong Kong this year, state media said yesterday. "Everything is ready and we'll apply to governing bodies for approval soonAFP - 50 words
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Article64 2007-03-16 14 AFP [PORT LOUIS] A Chinese group is to spend US$5OO million setting up a business park in Mauritius that will create thousands of jobs, the country's finance minister announced on Wednesday. The government approved a plan for the Tianli Group to house 40 Chinese businessesAFP - 64 words
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175 2007-03-16 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, stateAFP - 175 words
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Page 14 Advertisements
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Advertisement1065 2007-03-16 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 Capital1,065 words
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Advertisement560 2007-03-16 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 Interventional560 words
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Advertisement390 2007-03-16 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 of390 words
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Advertisement735 2007-03-16 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 Raffles735 words
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Advertisement295 2007-03-16 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 11.00295 words
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ASIA-PACIFIC/WORLD
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WORLD WATCH
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88 2007-03-16 15 Bloomberg [LONDON] Cadbury Schweppes pic, bowing to pressure from investors led by billionaire activist Nelson Peltz, will sell or spin off its North American beverage unit, the maker of Dr Pepper and 7 Up sodas. CEO Todd Stitzer said on a conference call thatBloomberg - 88 words
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70 2007-03-16 15 Bloomberg [NEW YORK] Wall Street securitis firm Goldman Sachs Group was fined US$2 million by US market regulators for allowing clients to make illegal short sales before public stock offerings. Goldman did not follow procedures that may have discovered a pattern of illegal tradesBloomberg - 70 words
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8 2007-03-16 15 Reuters (New York)Reuters - 8 words
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10 2007-03-16 15 Bloomberg (Bangkok)Bloomberg - 10 words
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285 2007-03-16 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 offerReuters.; Bloomberg - 285 words
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Article, Illustration527 2007-03-16 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 bankingBloomberg.; AP - 527 words
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432 2007-03-16 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 vehicles432 words
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191 2007-03-16 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 biggestAP - 191 words
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455 2007-03-16 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'sReuters - 455 words
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Page 15 Advertisements
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Advertisement1479 2007-03-16 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 of1,479 words
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AVIATION
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463 2007-03-16 16 S JAYASANKARAN - 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
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383 2007-03-16 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 hugeAFP; Reuters - 383 words
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Article, Illustration359 2007-03-16 16 VEN SREENIVASAN - 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. TheREUTERS - 359 words
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Article, Illustration286 2007-03-16 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) willAFP - 286 words
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162 2007-03-16 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 beBloomberg - 162 words
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LOG BOOK
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46 2007-03-16 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.AP - 46 words
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71 2007-03-16 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'Bloomberg - 71 words
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62 2007-03-16 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 (Ss3o9Bloomberg - 62 words
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Article2279 2007-03-16 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 04552,279 words
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SHIPPING
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615 2007-03-16 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 anBloomberg - 615 words
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Article, Illustration801 2007-03-16 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 northernAP; AFP - 801 words
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178 2007-03-16 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 planBloomberg - 178 words
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163 2007-03-16 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 productionBloomberg - 163 words
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Article695 2007-03-16 17 SELVA KUMAR - 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 settle695 words
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299 2007-03-16 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 perBloomberg - 299 words
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EDITORIAL & OPINION
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Article520 2007-03-16 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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Article, Illustration756 2007-03-16 18 ANDY MUKHERJEE - 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 its756 words
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Article, Illustration1171 2007-03-16 18 LEON HADAR - 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 theAFP - 1,171 words
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Article, Illustration1643 2007-03-16 19 K KESAVAPANY - 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 toREUTERS - 1,643 words
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Article795 2007-03-16 19 GENE SPERLING - 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 propertiesBloomberg - 795 words
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160 2007-03-16 19 Loh Swee Heng - 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 enjoyed160 words
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Page 19 Advertisements
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Advertisement103 2007-03-16 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 libel103 words
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FOCUS: HEDGE FUNDS
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678 2007-03-16 20 NEIL BEHRMANN - 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 hedge678 words
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20 2007-03-16 20 Aim is to prevent managers inflating returns that determine their pay Bloomberg (New York)Bloomberg - 20 words
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Article, Illustration819 2007-03-16 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 lastNYT; AP; REUTERS - 819 words
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Article10475 2007-03-16 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 12310,475 words
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Page 21 Advertisements
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Article7066 2007-03-16 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 Europe7,066 words
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Page 23 Advertisements
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Advertisement869 2007-03-16 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 loads869 words
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Advertisement914 2007-03-16 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/w914 words
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Advertisement64 2007-03-16 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 1064 words
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Page 24 Advertisements
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Advertisement1406 2007-03-16 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 *****11,406 words
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Advertisement1124 2007-03-16 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 EmSSSHHBBHHI1,124 words
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Advertisement567 2007-03-16 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 WW567 words
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The Business Times Shipping times
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6877 2007-03-16 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 *****3446,877 words
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Page 25 Advertisements
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Advertisement387 2007-03-16 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.387 words
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Advertisement321 2007-03-16 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 I321 words
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Advertisement284 2007-03-16 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 MPFM284 words
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PURSUITS
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671 2007-03-16 27 Conrad Raj - 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 hottest671 words
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Article, Illustration661 2007-03-16 27 GEOFFREY EU - 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 statements661 words
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Article, Illustration1079 2007-03-16 27 S PARVATHINAYAR - 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. SoARTHUR LEE - 1,079 words
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Page 27 Advertisements
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Advertisement50 2007-03-16 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. J50 words
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EPICURE
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Article, Illustration666 2007-03-16 28 GEOFFREY EU - 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, another666 words
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1051 2007-03-16 28 N KYONG - 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 conditions1,051 words
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Page 28 Advertisements
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Advertisement178 2007-03-16 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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Advertisement37 2007-03-16 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: *****05337 words
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Cinema
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Article, Illustration542 2007-03-16 29 GEOFFREY EU - 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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Article, Illustration704 2007-03-16 29 PARVATHI NAYAR - 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 theFILE PHOTO - 704 words
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Article, Illustration342 2007-03-16 29 PARVATHI NAYAR - 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 prematurely342 words
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Article, Illustration358 2007-03-16 29 MATTHEW PHAN - 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 madeFILE PHOTO - 358 words
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Page 29 Advertisements
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Advertisement87 2007-03-16 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
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Page 29 Miscellaneous
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Miscellaneous193 2007-03-16 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 on193 words
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executive lifestyle
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Article585 2007-03-16 30 jaime ee - 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 be585 words
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Connecting women
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Chapter274 2007-03-16 30 PARVATHI NAYAR - 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 in274 words
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Page 30 Advertisements
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Advertisement12 2007-03-16 30 TIIMi [i HiH EPICURE New food-kid on Discovery block ■9t_J PAGE 2812 words
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