The Business Times, 19 March 2007

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Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUISNESS TIMES SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Monday, March 19,2007 online at http://business-times.asial.com.sg
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  • 427 1  -  Its output grew at average annual rate of almost 24% from 2002-2006: SCIC By MATTHEW PHAN [SINGAPORE] Singapore's chemicals sector, which pipped the electronics sector to become the top contributor to manufacturing output in 2006, will continue to achieve double-digit growth over the next
    Source: Singapore Chemical Industry Council  -  427 words
  • 647 1  -  Being tech-savvy a bonus; diversified board seen improving ability to predict future trends By SIOW LI SEN [SINGAPORE] Asians, especially those who are tech savvy: You're wanted to sit on the boards of US and European companies. The demand for Asians reflects the fact
    ARTHUR LEE  -  647 words
  • Page 1 Advertisements
    • 63 1 $%Jr presence in Asia COMPANIES M&A hopes keep investors focused on tech sector PAGE 6 VIEWS FROM THE TOP RISK AVERSE OR RISK SAVVY? I *'4 ■■BKSBraKH^' H jl Are we entering a period of heightened risk aversion by investors? Could this, coupled with other risks, have serious economic consequences,
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    • 6 1 11l 8 1 *****1 1I 3000(K
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    • 51 1 YOUNG INVESTORS' FORUM f The gains and pitfalls of selling a stock short page 14 LAW Sports law may be the next big thing PAGE 3 CORPORATE INVESTMENT BANKING Ar> SF. T MANAM *."f \f PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS igfc&f '<* 5 f^^*g§S§y[ A Passion to Perform. Deutsche
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  • TOP STORIES
    • 671 2  -  Net sales by Asians total US$5.9b, with S'pore accounting for US$4.4b By CHUANG PECK MING [SINGAPORE] Asian investors led by those from Singapore appear to be taking profits on Wall Street in the final three months of last year, making
      671 words
    • 135 2 MARKETS Week Chge STI 3068.75 -74.96 KLCOMP 1182.20 -6.63 NIKKEI 225 *****.15 -419.89 HANG SENG *****.50 -181.38 SET INDEX 671.05 -0.12 JAKARTA COMP ...1777.89 +13.31 MANILA COMP ....3062.25 -37.57 TAIPEI TAIEX 7719.80 ....+151.60 SEOUL COMP 1427.88 +4.30 SHENZHEN B 487.58 +4.03 AUSTALLORD 5817.80 +7.60 DOW JONES *****.41 -165.91
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    • 739 3  -  Singapore and Japan to update economic partnership accord By ANTHONY ROWLEY in Tokyo SINGAPORE Prime Minister Lee Hsien Loong arrived in Tokyo at the weekend to begin an official visit at the invitation of his Japanese counterpart Shinzo Abe. During his visit,
      REUTERS  -  739 words
    • 445 2 Sports law the next big thing in Singapore? NOT many people have heard of sports law, but it may well be the next big thing as sports gains prominence in Singapore and Asia. According to head of sports law at Rajah Tann, Tan Kok Keng, there is a
      445 words
    • 581 3  -  By WEE LI-EN [SINGAPORE] Ever heard of sports law? Probably not. But it may well be the next big thing as sports gains prominence in Singapore and Asia. Asia is seen as a huge, untapped market for sports not just
      581 words
  • Page 2 Advertisements
    • 325 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. fc?SMU SINGAPORE MANAGEMENT UNIVERSITY m PT3 UTT K r# K1 tri VI w I V 111 I V V
      325 words
    • 145 2 people Roaming Asia-Pacific. www.thepeopleatwork com Asia-Paci.ic F Search Transform your workplace with the new Samsung SCX-6345N copier 111 Samsung SCX-6345N The power of this all-in-one digital office solution will transform the speed and efficiency of your workflow beyond expectations, at a price that offers unbeatable value. With the high performance
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  • Page 3 Advertisements
    • 54 3 < -:W IPA/M v v M 5 Jf^H^^Hl I H U We look at things from a different perspective for the benefit of our clients. By building on our experience and expertise over all industries, we help our clients realize new opportunities. This has been our ambftion since 1856. www.credit-suisse.com
      54 words

  • VIEWS FROM THE TOP
    • 3162 4 THIS WEEK'S TOPIC Are we entering a period of heightened risk aversion by investors? Could this, coupled with other risks, have serious economic consequences, including for Singapore? If" Jfj AS I myself ,nn woikimj in .in indnsliy < n| »<»i.ll• ti.iv« I ltt.it It.id it-.
      3,162 words


  • COMPANY NEWS
    • 755 6  -  HOCK LOCK SIEW By R SIVANITHY LAST Monday's column highlighted how call warrants on the Straits Times Index work, these being useful trading instruments for short-term punters keen to capitalise on near-term strength in the index. This week's focus is on put warrants,
      755 words
    • 431 9 XFN-Asia SINGAPORE'S Autron Corp is eyeing more acquisitions and expansion opportunities in China once it completes the purchase of an 80 per cent stake in Da Ya Bay Development Ltd, an electronics manufacturing services provider in Guangdong in southern China, for US$34 million, Autron
      XFN-Asia  -  431 words
    • 615 9 5 waste water projects set to earn $50m in revenue Reuters CHINESE waste-water treatment firm United Envirotech expects to be firmly in the black in the financial year to March 31, 2008, as it expects to complete the building of five
      Reuters  -  615 words
    • 363 9  -  Asiasons becomes controlling shareholder with 52.6% stake By WEE LI-EN INTEGRA2OOO, which was at the centre of multiple boardroom battles last year, has raised $13.6 million from a placement of shares to Asiasons Investment Managers Inc which will become its controlling shareholder. The human
      363 words
    • 492 6  -  Interest triggered by Temasek's rich offer for STATS ChipPAC By WONG WEI KONG THE possibility of mergers and acquisitions (M&As) is keeping investors focused on the technology sector, with not just the big caps but also smaller players attracting interest. Temasek Holdings'
      FILE PHOTO  -  492 words
    • 741 7 Event expected to benefit his hotels and boutiques with influx of tourists Reuters AS tycoons go, Ong Beng Seng has yet to build up a large fleet of fast cars. That might be about to change if the Singapore billionaire hotelier, who
      Reuters; FILE PHOTO  -  741 words
  • Page 6 Advertisements
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      159 words
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 1262 8 hl)»l»l Ex iMta Pay h|»MI Ei lllh ta isei M 4m imi last Stat Ml Action Asm OJO 03% 06% 17-4% CXPHWgs y I SO IMIlf 17% ?i% AfM-EMOetfi f 100 304a 0444a, <1% OUC U0 (04% 114% 2»% Allgreen V 440 04% ®4% 23% Pm-OnrtedCorp F IJTt
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    • 662 8  -  STOCKS VEN SREENIVASAN Senior Correspondent SUDDEN gyrations in the market's direction often have less to do with immediate changes in underlying fundamentals than the interpretation of events which have actually existed for some time. The scare which prompted the "Shanghai selldown" three
      662 words
    • 400 8 CURRENCIES AFP [HONG KONG] Major Asian currencies rose against the dollar amid concerns about the US property market focused on the growing number of bad mortgage loans. Japanese yen: The yen rebounded against the dollar as nervous US ecodampened cafSC tradesr whereby
      AFP  -  400 words
    • 1831 8 Consensus No.of Forecast Mean Fffi recommendation esti- EPS K target price Company name TNswk Lactmtfc mates (cents) (ratio) price Allco Commercial REIT 1.33 1.33 6 5.06 24.10 1.50 1.15 Allqreen Properties 2.78 2.22 9 6.30 2525 1.52 1.60 Allied Technologies 2.50 2.00 2 1.30 10.00 0.15 0.12 Ascendas
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    • 1348 10  -  TEH HOOI LING Senior Correspondent Despite a rather choppy week of trading, all our portfolios outperformed the Straits Times and the UOB Sesdaq indices. The biggest gainer was the one-month top winners portfolio. It surged 7.5 per cent, thanks to the availability of bid price for China
      1,348 words
    • 1184 10  -  INSIDE MARKETS Selling remains low, buyback activity falls; one stock investors should watch out for is Armstrong Industrial By ROBERT HALILI ANOTHER correction in the market forced directors and substantial shareholders to pare down their purchase activities last week. A total of 28 companies
      FILE PHOTOS  -  1,184 words

  • Page 9 Advertisements
    • 388 9 ■f£*. -|^y^^Hu I 1 'V ;*^P liJhM ■p j I 111 111 *1 I 111 VALUETRONICS HOLDINGS LIMITED (Company Rogiatratton Number MtlS) (Incaiporoted In Bwmuda on 1* August 2006) Invitation in respect of 89,000,000 ordinary shares of HK$O.lO each comprising 85,000,000 New Shares and 4,ooo,oooVendor Shares as follows:1. 4,450,000 Offer
      388 words


  • SINGAPORE NEWS
    • 260 11 AP [YANGON] Two Singaporean-registered companies with a link to Russia have signed a deal for offshore oil and gas exploration and production sharing in Myanmar, state media reported on Saturday. Silver Wave Energy Pte Ltd and Silver Wave Sputnik Petroleum Pte
      AP  -  260 words
    • 343 11 DATE/ TIME EVENT VENUE 19 Mar 07 ISEAS Seminar on The Free Seminar Room 1 &2, 10.00am Trade Agreement of the ISEAS, 30 Heng Mui Asia-Pacific (FTAAP) and Keng Terrace, Managing the Asia-Pacific Pasir Panjang Road Supply Chain 19-20 Mar US FDA's Biologies Grand Copthorne 07 Approval Process
      343 words
    • 560 12  -  By YEN SREENIVASAN FACED with swelling ranks of loyalty programme members and overcrowded premium class lounges. Singapore Airlines (SIA) is undertaking a major revamp of its priority passenger service (PPS) programme. including tightening criteria for membership and scrapping its toptier Solitaire PPS Club Life membership.
      560 words
    • 738 11  -  It will focus on lower income segment worth $1.5b-2b By SIOW LI SEN ABN Amro Bank may be the smallest consumer bank in Singapore but it has big plans for going after the new unsecured credit market for the lower income worth
      ARTHUR LEE  -  738 words
    • 350 12  -  It will store the full range of products like petrol, diesel, fuel oil, jet fuel and LPG By RONNIE LIM GERMANY'S Oiltanking, which has invested over $500 million in an 8.45 million barrel oil storage terminal in Singapore, has just started building its first
      350 words
  • Page 11 Advertisements
    • 185 11 HNYENRODE BUSINESS UNIVERSITEIT One year full-time MBA in the European Union? Nyenrcxje Business Universiteit is based in the Netherlands and was founded in 1946 by multinational companies. The 13-month full-time. International MBA program is taught in English, features small classes and attracts future entrepreneurs. The University is located on a
      185 words
    • 1507 11 Lianhe Zaobao I Mm China I I Enterprises I I to Singapore, I I challenges I I CHALLENGER TECHNOLOGIES LIMITED (Company Registration Number *****0182K) (Incorporated in the Republic of Singapore) NOTICE PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 46,050,000 NEW ORDINARY SHARES ("SHARES') IN THE CAPITAL OF THE COMPANY
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  • Page 12 Advertisements
    • 1186 12 P| ROYAL BANK Ejgl] OF CAIN ADA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31. 2006 Consolidated Balance Sheets Consolidated Statements of Income (in millions of Canadian dollars) On millions of Canadian dollars) October 31, October 31. Year ended Year ended 2006 2005 October 31, October 31, Assets 2006
      1,186 words
    • 1307 12 SP CHEMICALS LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****5499R Notice Of Slxt—nth Annual General Meeting NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the Company will be hekl at Carlton Hotel, Esplanade Room, Level Four, Bras Basah Road, Singapore *****8 on Thursday, 5
      1,307 words

  • DINING OUT
    • 1187 13 NEW RESTAURANT The Universal 36 Duxton Hill. Tel: 6325-0188 www.theuniversal.com.sg DUXTON Hill is set to get a bit of its shine back as a dining spot, now that another restaurant and bar has opened shop, right opposite Broth, the Aussie-styled restaurant that was
      1,187 words
  • Page 13 Advertisements
    • 508 13 In The Matter Or The Companies Act, Cap. 50 And In The Matter Of HDXVIEW MANSION PTE LTD Company Reg. No. *****3914G Notice of Creditors' Meeting Pursuant lb Section 29COT The Compares Act, Cap. 50 NOTICE it hereby given that pursuant to Section 296 of the Companies Act, Cap. 56,
      508 words
    • 147 13 Following the success of the 11 th World HR Congress, SHRI is proud to bring you the Singapore HR Congress Business-Connect Exposition 2007 Guest-of-Honour Mr Lim Swee Say Secretary-General, National Trades Union Congress, and Minister, Prime Minister's Office Keynote Sessions CEOs and Business Leaders Forum by Kelly Services ■MtlflfofceCffak: jßjfr'VV.
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    • 156 13 I Chef de Cuisine Name: Michele Pavanello Nationality: Italian Date of birth: 8 August 1968 Height: 1.83 m Weight: 96kg Languages: Italian. English, Spanish. Hokkien. Singlish Favourite colour: Electric blue Favourite part of body: Tongue Favourite cuisine: Italian 1 Favourite local dish: Chicken Rice Favourite singer: Pink Floyd. Metallica. Matchbox
      156 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 918 14  -  examines the gains and pitfalls of selling a stock short DANIEL BUENAS FINANCIAL markets around the world had it rough over the last few weeks, and Singapore was not spared either. A term that is perhaps bandied around a little more during market dips is selling a
      918 words
    • 669 14  -  CAMPUS LIFE Citibank asks them to show how to expand its credit card market, says TAMARA MOHANAN KUPPUSAMY RED Bull, Starbucks and Ben Jerry's ice-cream these were just a few of the essentials for undergraduates participating in Citibank Singapore's inaugural business case competition last weekend. Citibank's
      669 words
  • Page 14 Advertisements
    • 251 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      251 words

  • ECONOMY WATCH
    • 756 15 ANALYSIS Critics say his comments smack of hypocrisy and opportunism Reuters [NEW YORK] ALAN Greenspan is causing more of a stir in retirement than he did as Fed chairman, shocking many investors with a radical make-over: irrepressible optimist turned curmudgeonly bear. He was once
      Reuters; AFP  -  756 words
    • 393 15 Lending rate increased to 6.39%, deposit rate to 2.79% Bloomberg [BEIJING] China raised interest rates for the third time in 11 months to curb inflation and reduce asset bubbles in the world's fast-est-growing major economy. The one-year benchmark lending rate was to
      Bloomberg  -  393 words
  • Page 15 Advertisements

  • MALAYSIA
    • 711 16  -  MALAYSIA INSIGHT Regulators' heavy-handed response to RHB Bank's attempts to resolve its legacy investment is troubling S JAYASANKARAN KL Correspondent THE takeover of RHB, Malaysia's fourth largest banking group, is over. But it's unearthed some unresolved issues. First off is the less than pleasant issue
      711 words
    • 698 16 [KUALA LUMPUR] The rumour mill has been abuzz with chatter that the government is set to accept an industry proposal to abolish real property gains tax (RPGT) so as to boost the sluggish property market, Star Biz Week reported. There is also talk of
      AFP FILE PHOTO  -  698 words
    • 160 16 Reuters [KUALA LUMPUR] Malaysian hard disk drive maker JCY Holdings Bhd plans to list on the local stock exchange in the second half of this year, dropping an earlier plan to go overseas, the Edge newspaper reported on Saturday. A
      Reuters  -  160 words
    • 234 16 Bloomberg {KUALA LUMPUR] Genting Bhd, Asia's largest publicly listed casino operator, will sell its paper and packaging divisions for RM745 million (*****.7 million) to focus on gaming. Genting will sell Genting Sanyen (Malaysia) Sdn to Paperbox Holdings Ltd, a specially
      Bloomberg  -  234 words
    • 412 16 Stock closes 8 per cent or 20 sen higher at RM2.63 [KUALA LUMPUR] Shares of Stem Life Bhd hit their highest in a year last Friday on speculation that a local tycoon may raise his stake in the healthcare firm, Malaysia's
      412 words
    • 458 16 It will not bow to US pressure, says DPM Najib AP [KUALA LUMPUR] Malaysia will not bow to pressure from Washington to meet the White House's fastclosing window to push a free trade pact through Congress without amendments, Malaysia's deputy leader said yesterday.
      AP  -  458 words
  • Page 16 Advertisements

  • GREATER CHINA
    • 286 17 Bloomberg [HONG KONG] Beijing Capital Land Ltd, the property arm of the municipal government and in which a unit of Singapore's GIC has a stake, posted a 26 per cent gain in profit last year, less than expected, on a surge
      Bloomberg  -  286 words
    • 384 17 Bloomberg [HONG KONG] New World Development Co, a Hong Kong builder that also invests in public works and transport, said profit fell 35 per cent in the six months ended December because apartment sales plunged. Net income fell to
      Bloomberg; AFP  -  384 words
    • 280 17 Xinhua [SHANGHAI] China is poised to begin trading zinc at the Shanghai Futures Exchange, with a test run on the new futures product to be held from today until Friday, sources at the exchange said yesterday. Earlier reports said the ushering in of
      Xinhua  -  280 words
    • 74 17 AFP [BEIJING] A model showing off an outfit by a young designer at a contest that kicked off the 10th China Fashion Week here on Saturday. China is the third largest market for luxury goods in the world, behind Japan and the United States. It accounts for 12
      AFP  -  74 words
    • 268 17 Reuters [SHANGHAI] Shandong Chenming Paper Holdings, a major paper producer, said on Saturday that it will raise about HK$3 billion (*****.8 million) in a Hong Kong listing to fund a project producing wood pulp. The company will offer as much as 25 per cent
      Reuters  -  268 words
    • 214 17 Reuters [BEIJING] China will take further steps this year to encourage domestic firms and residents to invest overseas, a senior foreign exchange official said last Friday. Li Dongrong, a deputy director with the State Administration of Foreign Exchange (SAFE), did not provide details on
      Reuters  -  214 words
    • 481 17 Reuters [SHANGHAI] Private equity fund Carlyle has agreed to settle for a minority stake in China's biggest machinery maker. Xugong Group Construction Machinery Co. bowing to Beijing's concerns about foreign control of major industrial assets. Carlyle agreed to lower its proposed stake
      Reuters  -  481 words
    • 396 17 Technical preparations, system testing completed: report Reuters [SHANGHAI] China plans to launch stock index futures within the next several months as part of its efforts to develop sophisticated financial markets, official media said on Saturday. The authorities will "strive" to
      Reuters  -  396 words
  • Page 17 Advertisements
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  • INDIA
    • 463 18 They see US firm moving on its plan to shift towards speciality products Reuters [NEW YORK] Speculation recently that Dow Chemical may forge a link with India's Reliance Industries Ltd (RIL) came as no surprise to analysts, who expect the US company
      Reuters  -  463 words
    • 164 18 Reuters [LONDON] India's Reliance Industries Ltd is considering buying stakes in British supermarket group J Sainsbury pic or French retailer Carrefour, the Financial Times newspaper said on Saturday. "With both of these companies, we'd definitely get a good supply chain and we would benefit from their
      Reuters  -  164 words
    • 260 18 [MUMBAH The Deutsche Borse and the Singapore Exchange (SGX) buying 5 per cent equity each in the Bombay Stock Exchange (BSE) could be just the beginning, says a report in Business Standard. It pointed out that as many as 60 investors,
      260 words
    • 389 18 Drug, with sales of US$2.1b, loses protection in April Bloomberg [NEW DELHI] Ranbaxy Laboratories Ltd, India's biggest drugmaker, received tentative US approval to make and sell copies of Sanofi-Aventis SA's Ambien pills, the most prescribed insomnia treatment in the US. The
      Bloomberg  -  389 words
    • 665 18 Protests turn violent, casting a dark cloud over proposed industrial parks ANALYSIS AFP [NEW DELHI] Deadly clashes over India's plans for Special Economic Zones (SEZs). touted as a way to woo foreign investors and spur economic growth, have cast a dark cloud over their future, analysts
      AFP  -  665 words
    • 301 18 AP [NEW DELHI] The first Walt Disney franchise store opened in India on Saturday, officials from Disney's local partners said, giving the company its first foothold in India's lucrative retail market. The store, which sells Walt Disney Co's branded stationery products
      AP  -  301 words
    • 373 18 [NEW DELHI] Foreign cable companies like Liberty Global Inc. Macquarie Media Group and Star Group want the prime minister to intervene in the digital broadband policy initiatives for the cable industry, according to a report in Business Standard. They say the existing
      373 words
  • Page 18 Advertisements
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  • MIDDLE EAST
    • 462 19  -  Deal pushes total government interest in the firm to 47.5% from 32% By CLARENCE MICHAEL in Dubai DUBAI Holding has agreed to take a substantial stake in leading Middle East developer Emaar Properties, which will increase government holdings in Emaar to nearly
      462 words
    • 334 19 Reuters [RIYADH] The Saudi telecom watchdog said on Saturday it has disqualified Egypt's Orascom and India's MTNL, two of nine groups bidding for a third mobile phone licence in the Gulf s largest telecom market. "Orascom Telecom and MTNL (Mahanagar
      Reuters; FILE PHOTO  -  334 words
    • 2838 19 Transaction daterMar 16 For a full listing of the closing prices, log on to BT Online at http://business-times.asia1 .com.sg after 11.30pm every trading day HONG KONG vol HKS '000 Aeon Credit 6.84 unch 0 Aeon Stores ..8.81 unth 0 Angang Steel 12.74 0.38 7768 Anhui Conch ...35.10 -0.80
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    • 311 19 Issue not expected to come up in bankers' meeting Reuters [RIYADH] Gulf Cooperation Council (GCC) countries do not plan to revalue their currencies ahead of planned monetary union, a senior official from the bloc was quoted as saying yesterday. "GCC member states
      Reuters  -  311 words
    • 441 19 Reuters [DUBAI] Currency union by 2010 in the Gulf Arab region is a challenge, but could be achieved if Gulf countries act swiftly, Bahrain's central bank governor said in remarks published yesterday. Rasheed al-Maraj also said his country was not considering changing the
      Reuters  -  441 words

  • ASIA-PACIFIC/WORLD
    • 482 20  -  Institute will conduct research on regional integration By ANTHONY ROWLEY in Tokyo THE Economic Research Institute for Asean and East Asia, known as ERIA. will be formally established from next month with the Japan External Trade Organisation (Jetro) acting as coordinator
      482 words
    • 25 20 [MELBOURNE]Finnish Ferrari Formula One driver Kimi Raikkonen raises his trophy as he celebrates his victory in the Australian Grand Prix here yesterday AP
      AP  -  25 words
    • 556 20 Bloomberg [WASHINGTON] Wal-Mart Stores Inc scrapped plans to open its own bank, ending a two-year controversy that roiled financial-ser-vices companies that feared direct competition from the world's largest retailer. Wal-Mart said on Friday it notified the Federal Deposit Insurance Corp (FDIC) it was withdrawing
      Bloomberg  -  556 words
    • 527 20 STRAITS TIMES INDEX STOCKS SMm M On* Gkaag* Stack hm Ml daw Chaaf* Sftkmmt M Ow Oaaya Allgrwn 053 1600 *0.010 JSM 1.«7 12.900 *0.700 STEfyj 140 >3*) *0060 Agendas*** 093 2330 *0000 JMfcwCAC 047 ***** +0100 STATKW 1 JO 1830 *0010 CjpmConvn 064 2JS0 <1040 JurongTxtl 0.04 0.160 -0040
      527 words
    • 689 20 Reuters [NEW YORK] Private equity firm Blackstone Group is deep into preparations for an initial public offering (IPO), according to a report on Friday, a move that would counter the negative view of public markets held by its CEO. Blackstone is working with investment
      Reuters  -  689 words
    • 612 20 Reuters [ISLAMABAD] Pakistan's suspended Chief Justice Iftikhar Chaudhary is astonished by the storm of protest that has blown up over his suspension but has ruled out resigning as a way to end it, his associates said yesterday. Known as a hard-work-ing judge
      Reuters  -  612 words

  • WORLD
    • 341 21 Contact said to be at an early stage and may not lead to a deal Reuters [AMSTERDAM] Barclays Pic has approached Dutch bank ABN Amro with a merger plan that would create a global bank worth £80 billion (***** billion), UK newspapers reported
      Reuters  -  341 words
    • 504 21 Reuters [LONDON] Britain's public standards watchdog has launched a stinging attack on Tony Blair, accusing the prime minister of undermining trust in politics after coming to power 10 years ago promising to be "purer than pure". A "cash-for-honours" scandal has dogged Mr Blair's
      Reuters; AP  -  504 words
    • 200 21 Bloomberg [SAN FRANCISCO] Apple Inc. after disclosing it had backdated some stock option grants over a five-year period, will amend some grants to help employees avoid tax issues. Employees with misdated grants may have to pay additional taxes when they exercise their options, Apple
      Bloomberg  -  200 words
    • 175 21 Reuters [SYDNEY] Australia's Suncorp Metway Ltd will consider larger takeover opportunities in the banking sector once it completes an A 57.9 billion (559.6 billion) merger with Promina Group Ltd later this week, its chief executive said yesterday. The general insurer, bank and wealth
      Reuters  -  175 words
    • 1051 21  -  WALL STREET INSIGHT It's not recent external events but the fundamentals that fuel fears of a slump By ANDREW MARKS in New York WITH fears over the severity of the subprime market's problems, at least insofar as they affect major investment banks, on the decline
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    • 518 21 AFP [SYDNEY] Tens of thousands of Australians thronged the Sydney Harbour Bridge yesterday to mark the 75th birthday of the iconic landmark which has come to represent the city to millions around the world. An estimated 200,000 people are expected to walk the
      AFP; REUTERS  -  518 words

  • SHIPPING/AVIATION
    • 376 22 Report highlights capacity shortages, traffic congestion AFP [SINGAPORE] Airports in Asia are operating at close to full capacity and urgent investment is needed for upgrading infrastructure, an industry consultancy said yesterday. The problem is acute in the fast-growing markets of India, China, Indonesia and Vietnam,
      AFP; AFP FILEPHOTO  -  376 words
    • 396 22 Reuters [PHOENIX] The US airline industry still needs consolidation to consistently make money, but mergers are unlikely until another economic downturn jeopardises the survival of some carriers, US Airways Group chief executive Doug Parker said last week. "I think it's not going to
      Reuters  -  396 words
    • 541 22 Report says access to accurate information crucial to review risks Reuters [WASHINGTON] With the United States expected to import more liquefied natural gas to meet growing energy demand, the federal government needs to do more research on the hazards of
      Reuters  -  541 words
    • 347 22 AFP [JAKARTA] Indonesia's new air transport chief said that airlines found next week to have neglected safety standards will have three months to comply or be closed down, a report said yesterday. "In the three-month period, we will give the airlines the chanqe to
      AFP  -  347 words
    • 359 22 AFP [KUALA LUMPUR] Malaysia's new low-cost carrier Firefly, which will begin service in April with two Fokker 50s, is confident it will help boost the revenue of national carrier Malaysia Airlines, a report said yesterday. Eddy Leong, managing director of Fly Firefly Sdn Bhd, a
      AFP  -  359 words
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  • Page 22 Miscellaneous
    • 183 22 CRYPTIC CROSSWORD (9) 28 Rowdier myth we transformed A<4 into operetta (3 55) 7 A er s oshin 9 around I had Across: 1 Runabout, 5 Putrid, 9 clean dish (9) Decanter, 10 Bedbug, 12 Lisbon, DOWN 8 Show surprise as something 13 Tapestry, 15 Tea leaf, 16 Tapa, 1
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  • 11382 23 SGX MAINBOARD Week ended: Mar 16 52-Wk Tel Last Vol WMk List Quote Mr GrVM Nat MCap High Low Cod* Company Sale fOOO) Wgh Law Ouyar Seter Cvf P/t $n* 3.5 1 5716 1st Software J susp 11 11.5 6 3148 STelecom 10.5 *15 1240 10.5 55 10.5
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  • 6749 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy Syr dy yr *dy *yr Mar 16 lnd»» Chang* Chang* Changa Chang* Chang* Chang* The Worldlndex Preliminary 1087.9 -0.2 -13 -0.5 -1.4 0.0 -0.8 EAFE Preliminaiy 1099.9 -0.2 -0.7 -03 -0.6 03 0.0 Europe Preliminary
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  • BizIT
    • 639 29  -  US$3b IMFT wafer fab set to be operational by 2008, reports ROLAND LIM ROLAND LIM THE plan by US-based semiconductor giants Intel and Micron to build a US$3 billion plant in Singapore by 2008 is on track, said Micron's chief executive officer in
      639 words
    • 601 29  -  By ROLAND LIM THIS year looks set to mark the turnaround for Red Hat's Asia-Pacific operations, as the company's regional business has managed to stay in the black for the first nine months of its financial year. Gery Messer,
      601 words
    • 226 29 Reuters [SAN FRANCISCO/FRANKFURT] Advanced Micro Devices Inc (AMD) rose to eighth-biggest chip producer in 2006 from 15th place in 2005, partly at the expense of rival Intel Corp, a market research firm said. AMD nearly doubled its sales to US$7.5 billion last year,
      Reuters  -  226 words
    • 311 29 Reuters [LOS ANGELESI US sales of video games and gaming devices rose 53 per cent to US$979 million in February, as spending by growing ranks of next-genera-tion console owners sent sales higher than expected, analysts said on Friday. "Overall growth this month
      Reuters  -  311 words
    • 979 29  -  Text messages and emails are great, but there's a social cost AMIT ROY CHOUDHURY Correspondent WE'VE all heard the now famous "The World is Flat" refrain to explain the rapid pace of integration of the global economy. The phrase is actually from the
      979 words
    • Article, Illustration
      487 29  - <what's new> Compiled by WINSTON CHAI Canon thinks small with printers CANON has introduced five new laser printers that are aimed at small and mid-sized companies in Singapore. The product line-up is made up of three colour network laser printers (Laser Shot LBP 5300, LBP 5360 and LBP 5960) and
      487 words
    • 898 30  -  It expects 50% sales to come from region, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY COMPUTER network equipment maker 3Com is ramping up operations in Asia as the region becomes its major market after the completion of the deal to acquire Huawei Technologies'
      898 words
    • 381 30 Reuters [CHICAGO] Training the brain with a computer workout program may be better than classic computer games at staving off agerelated mental decline, scientists reported on Friday. While the computer and video game store has long been the bastion of teenagers and
      Reuters  -  381 words
    • Article, Illustration
      408 30  - <what's up> Compiled by WINSTON CHAI Fuji Xerox to showcase new apps FUJI Xerox will be staging a technology showcase and conference as part of its DocuQuest'o7 event on March 27 and 28. To be held at Marina Mandarin Hotel, it will showcase new applications like text messaging that have
      408 words
    • 417 30  -  By WINSTON CHAI SYBASE is betting big on tiny Singapore by making it a key development base for all things wireless. The Dublin, Californiabased company, which specialises in providing enterprise infrastructure tools and mobile software, has opened a new research and development (R&D)
      417 words
    • 172 30 AP [TOKYO] Tokyo, a city famous for its punctual trains and orderly commuters, introduced yesterday a computer chip-embedded travel card that lets residents use more than 100 train and bus lines with a single swipe. Until yesterday, travellers in the metropolis had to
      AP  -  172 words
    • 408 30 New gadget aims to compete with iPod, in-car digital radios Reuters [NEW YORK] Fans of Internet radio who want to listen to their favourite stations away from the computer will soon be able to do so with a new digital music player
      Reuters  -  408 words

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