The Business Times, 20 March 2007

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Total Pages: 32
1 32 The Business Times
  • 18 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBUCATION SlNWORT§scents online at http://business-times.asial.com.sg MICA (P) 202/12/2006 Tuesday March 20,2007
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  • 450 1  -  Republic grants Japan reciprocal benefits in finance By ANTHONY ROWLEY in Tokyo SINGAPORE Prime Minister Lee Hsien Loong and his Japanese counterpart Shinzo Abe yesterday signed a protocol amending the Ja-pan-Singapore Economic Partnership Agreement (JSEPA) of 2002. The new accord, described by Singapore Trade
    450 words
  • 136 1 sn 3,113.39 (+44.64) ST INDEX FUTURES 3,110.00 (+44.00) siMsa 383.08 (+5.68) SIMSa FUTURES ***** (+6.70) MARKETS Monday Change KLCOMP 1,192.22 +10.02 NIKKEI 225 17,009.55 +265.40 HANG SENG *****6.74 +313-24 SET INDEX 669.14 -1.91 JAKARTA COMP Closed MANILA COMP 3,041.38 -20.87 SEOUL COMP 1.443.39 +15.51 SHENZHEN B 497.18 +9.60
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  • 886 1  -  Companies considering different ways to utilise them before year-end deadline By OH BOON PING JANICE HENG [SINGAPORE] About 40 per cent of Singapore companies still have outstanding Section 44 tax credits. Most of these companies are not listed on the local bourse. But
    886 words
  • Page 1 Advertisements
    • 34 1 \JMEKk COMPANIES FJ Benjamin acquires Celine franchise fmTuc I KW SME SPOTLIGHT It's all in the family for home-grown timber company ETH PAGE 11 How used-car dealer Lake View Credit survives crisis PAGE 13
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    • 32 1 S'PORE ISLAND aUB SICC chairman warns against move to oust president, VP PAGE 2 More shipping must have set course for a testing on the Singapore Exchange the year find out why
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    • 4 1 mil 8 '*****1 *****4
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    • 45 1 fl SMALL CAPS PAGE 12 CORPORATE RESULTS Swatch profit hits record page 20 B^^^^jSaMpP^^ .K CUMtlque Collection Automatic Extra-Thin ***** A ||Ph j& Montree Breguet BA, VallAe de Joux, Switzerland www.breguet.com List of tha Breguet authorised retailers and catalogues: 6275 6388 A %wts UmlPWi** "f
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  • TOP STORIES
    • 648 2  -  Koh Yong Guan cites attempt to oust club's president vice-president By CONRAD RAJ [SINGAPORE] Some members of the prestigious Singapore Island Country Club (SICC) are putting hard-won reforms at risk by moving to overthrow the club's president and vice-president through a
      648 words
    • FSL's IPO makes it S'pore s biggest business trust
    • 545 4  -  Varsity study reignites consumer groups' calls for competition law By By JANE MOIR in Hong Kong A NEW study that shows Hong Kong retailers are abusing their dominance has reignited calls for a competition law. In the study, the Chinese University of Hong Kong
      545 words
    • 789 4  -  By By BENITA AW YEONG and TETTYANA JASLI [SINGAPORE] With more than 700 companies listed on the Singapore Exchange (SGX) and counting, demand for investor relations (IR) expertise and communications services is on the uptrend. Many businesses today engage
      789 words
    • 780 2 Dominant HK retailers abusing their positions A NEW study that shows Hong Kong retailers are abusing their dominance has reignited calls for a competition law, though it is unclear if the government will proceed with a territory-wide law or go for a sector-specific approach. In a poll by
      780 words
  • Page 2 Advertisements
    • 401 2 Money Markets Work! Short term on- and off-balance sheet interest rate instruments Dates This is a savvy guide on the wide disposition of money market products other 19-20 April 2007 than the plain deposit/loan. It covers Certificates of Deposits (CDs), 9.00 am to 5.00pm Commercial Papers (CPs), Bankers Acceptance (BAs),
      401 words
    • 17 2 people r res "T r r includes Fortune 500 companies. www.thepftopl<-MUvoik com Asia P.inifn Executive Se.itc h
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  • Page 3 Advertisements
    • 863 3 1 pww— to 1 FIRST SHIP LEASE TRUST First Ship Lease Trust ("FSL Trust") is a provider of leasing services on a bareboat charter basis to the international shipping industry, and owns Attractive and stable and invests in a portfolio of lease assets across various sub-sectors of yfFmE^t^K^^SH^*. this industry.
      863 words

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    • 550 4 Studying the lAQ™ with FTC Kaplan £g/j FTC Kaplan is a leading provider of professional qualifications and business training in Europe, pi Asia Pacific and the Gulf. FTC Kaplan is dedicated to providing a range of exam and product trainL ing to the banking and finance industry. We are proud
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  • COMPANY NEWS
    • 781 5  -  NEWS ANALYSIS Changes in local rules, tax benefits make S'pore an attractive option By MATTHEW PHAN AS First Ship Lease Trust (FSL) sets sail for a Singapore listing with the launch yesterday of its initial public offering, market talk has it
      781 words
    • 398 5  -  By UMA SHANKARI FJ Benjamin Holdings has been appointed exclusive retailer for fashion label Celine in Singapore, Malaysia, Indonesia and Thailand and plans to add seven or eight stores for the label over the next three years. The four countries now have seven
      PHOTOS: REUTERS, AP  -  398 words
    • 265 5  -  By WEE LI-EN CHINA Wheel Holdings' wholly owned subsidiary, Baoding Lizhong Wheel Manufacturing, has signed a purchase letter of intent (LOI) with Hyundai Kia Automotive Group to produce aluminium alloy wheels for two of Hyundai and Kia's new vehicle models
      265 words
    • 715 6  -  HOCK LOCK SIEW By MICHELLE QUAH THE independent directors of scandal-hit Daka Designs have advised minority shareholders to give the company a new lease of life by supporting a proposal to sell the company's business and leave it open for reverse takeover (RTO)
      715 words
    • 535 6  -  Most of the 100 units sold went to overseas buyers: MCL Land chief By KALPANA RASHIWALA MCL Land has sold 100 units at its freehold Waterfall Gardens condo at an average price of about $1,450 per square foot, mostly to overseas buyers,
      535 words
    • 453 6  -  By CONRAD TAN THE recent plunge in interbank rates here is likely to benefit banks by boosting asset prices and increasing demand for loans, Credit Suisse says in a research report. The three-month Singapore interbank offered rate (Sibor) fell last week
      453 words
    • 359 6  -  IPO WATCH By MATTHEW PHAN YANGZIJIANG Shipbuilding which claims to be the fourth largest shipyard in China is seeking a Singapore listing and has lodged its preliminary prospectus with the Monetary Authority of Singapore. Yangzijiang, which says it is also the leading pri-vately-owned container ship
      359 words
    • 385 9  -  By CONRAD RAJ WITH Singapore yards brimming with orders for offshore rigs until 2009, desperate buyers especially those with tight deadlines are now looking further afield and, like with all other things, China is now positioning itself as a strong competitor. China's Cosco
      385 words
    • 176 9 TMC Education Corporation yesterday announced a proposed bonus issue of one new ordinary share for every 10 ordinary shares held, with 11.6 million shares to be issued in total. The new shares will be credited as fully paid. The bonus issue will involve the
      176 words
    • 380 9 Capitaland directors exercise options CAPITALAND'S deputy chairman Hsuan Owyang and director Jackson Tai have exercised options for shares in the property group, giving them paper gains of about $985,000 and $5%,000 respectively based on the stock's $7.15 closing price yesterday. Mr Hsuan exercised options for 227,500 shares on
      380 words
    • 342 9 Firm intends to secure new orders worth around $550 m this year XFN-Asia ENGINEERING firm CSE Global should be able to achieve the growth of 30-37 per cent in net profit forecast by analysts for this year, given the value of
      XFN-Asia  -  342 words
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 615 8  -  STOCKS Asian stocks rally as investors welcome fall in yen and shrug off rate hike in China TEH HOOI LING Senior Correspondent SINGAPORE stocks, along with those in other parts of Asia, made good gains yesterday as investors welcomed a fall in the Japanese
      615 words
    • 569 8  -  Compiled by CONRAD TAN i Singapore Food Industries Mardi 19 dose: $0,875 OCBC INVESTMENT RESEARCH, Mar 19 SINGAPORE Food Industries* (SFI) share price remains depressed, due largely to the still lacklustre performance of its core operations. Recently, the group proposed a final tax-exempt dividend of 3.2 cents, bringing full
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    • 252 8  -  By HANS CHIN, By HANS CHIN, chartist at Kelive Research IN our last column, we cautioned that the market was poised for a downward correctional move as the STI was exhibiting negative divergence between rising prices and deteriorating daily volumes. True to form, the STI again succumbed to
      Source: NextMEW  -  252 words
    • Article, Illustration
      957 8 DAILY SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Dow UP Baa Undi Uo Down Undi Mutti Ind 12 2 3 1 0 0 13 2 3 Manufacturing 62 52 76 9 12 17 71 64 93 Commerce 37 20 20 3 5 4 40 25 24 Tpt/Stor/Comms 17 9 14
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    • 528 8  - A$, euro yuan shine as greenback sags CURRENCIES LARRY WEE Senior Correspondent CARRY trades were certainly back in favour yesterday, after the euro and Australian dollar were lifted back towards their 2006-2007 highs versus the greenback in US trading last Friday. And closer to home, the Chinese yuan and Thai
      528 words

  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 358 10 BANK Julius Baer said yesterday that the Monetary Authority of Singapore (MAS) has given in-principle approval for it to establish a wholesale bank branch in Singapore. With the wholesale bank licence, the dedicated Swiss wealth manager will be
      358 words
    • 460 10  -  BANKING MATTERS Customers get to take their credit standing along wherever they go Reports by WONG WEI KONG CITIBANK is launching a new personal banking and wealth management service targeted at globally mobile executives offering them a seamless banking service as they move
      460 words
    • 437 10  -  By TAMARA MOHANAN KUPPUSAMY PAMELA Oei smouldered as Gong Li's Empress Phoenix. Adrian Pang oozed insouciant charm. And the halls were bedecked with masses of golden flowers. That was the 7th Life! Theatre Awards at the Singapore Press Holdings (SPH) auditorium last
      PHOTOS BY BRYAN VAN DER BEEK/THE STRAITS TIMES  -  437 words
    • 258 10 TWENTY-ONE HSBC employees will march off for 101 km around Singapore on Friday as part of their efforts to raise funds for disabled and needy children. The walkers include HSBC chief executive officer Guy Harvey-Samuel and other senior managers. HSBC hopes to raise
      258 words
    • 413 10  -  It is designed to be open to foreign agencies as well By ROLAND LIM IMAGINE stealing a march on terrorists. Or the United States having advance warning on Sept 11. Thanks to a computer system developed in Singapore, authorities will be warned in
      413 words
    • 317 10  -  By TETTYANA JASLI THREE outstanding managers yesterday received the prestigious International Management Action Award (IMAA) at the Raffles City Convention Centre. Guest-of-Honour Lim Boon Heng. minister, prime minister's office, presented the awards to Douglas Foo, CEO Apex-Pal International; Helen Khoo, executive director, Wing Tai
      FILE PHOTOS  -  317 words
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  • SME spotlight
    • 777 11  -  Timber company expects to grow strongly under the founder's three sons, reports CHRISTINE SIM CHRISTINE SIM WHEN CK Tok decided to name his timber processing, distribution and manufacturing company "ETH" in 1976 after his sons, he had already envisioned that one day
      JOHN HENG  -  777 words
    • 628 12  -  SMALL CAPS CG Tech aims to increase focus on original design and brand manufacturing. OH BOON PING reports OH BOON PING CG TECH, a manufacturer of polyester products used in functional textiles, is aiming to maintain its double-digit earnings growth by moving up the value
      YEN MENG JIIN  -  628 words
    • 378 12  -  By TEH HOOI LING OUR small-cap portfolio held rather firm amid the volatility in the last five trading sessions, managing to edge up a 0.1 per cent gain. This compared with the 0.32 per cent decline in the UOB Sesdaq Index and a 2.18 per
      378 words
    • 938 13  -  Diversifying into block financing has helped used-car dealer Lake View Credit survive many a crisis, reports HAN MIN CHUNG HAN MIN CHUNG SOMETIMES a. crisis can be a different name for an opportunity. The Chinese adage has been shown to be true for Tan Ah Chew,
      YEN MENG JIIN  -  938 words
    • 368 13  -  There'll be a talk on opportunities at Sentosa IR for SMEs By CHRISTINE SIM LESS than a year after the success of their first jointly organised business seminar for SMEs in July 2006, Lianhe Zaobao and OCBC Bank will conduct a sequel on March
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  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 517 14 Reuters. AFP [GUATEMALA CITY] China is more worried about the inflation trend rather than the current level of inflation, People's Bank of China Governor Zhou Xiaochuan said on Sunday. "We worry about the trend of inflation but not the current level
      Reuters.; AFP  -  517 words
    • 239 14 AFP [BEIJING] China must adopt a more sustainable model for development "as soon as possible" or risk serious environmental and economic fallout, state media yesterday quoted top officials as saying. "The overall growth of the Chinese economy is inspiring but one of the worries
      AFP  -  239 words
    • 602 14 FOMC most likely to debate changing tilt towards higher interest rates Bloomberg [WASHINGTON] US Federal Reserve officials may cling this week to their bias for tighter credit, setting themselves up for bigger in-terest-rate cuts later in the year if the economy continues
      Bloomberg  -  602 words
  • Page 14 Advertisements
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  • MALAYSIA
    • BRIEFLY ASIA
      • 103 15 [KUALA LUMPUR] Malaysia plans to increase a tax on the profits of independent power producers after talks on amending their supply contracts with the state power distributor failed to reach agreement, a newspaper reported yesterday. "The discussions were supposed to be a
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      • 105 15 Reuters [KULIM] Malaysia's battery maker ETI Tech Corp Bhd plans to list its overseas assets either on the Hong Kong stock exchange or London's junior stock exchange AIM to help fund expansion. The firm, which makes batteries that power mobile phones, PDAs, MP3
        Reuters  -  105 words
      • 117 15 AFP [HONG KONG] Hong Kong authorities are struggling to replace HK$l,OOO notes issued by banking giant HSBC in 2000 and 2002 after finding more than HKs7oo,oooin high-quality fakes. More than 700 HK$1,000 notes purportedly issued by HSBC were found in the banking system
        AFP  -  117 words
      • 87 15 Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd, South-east Asia's second-biggest phone company, said sales will increase by 10 per cent this year, driven by higher contributions from overseas units and domestic mobile operations. Telekom expects sales to rise to RM18.1 billion (S$7.9 billion) from
        Bloomberg  -  87 words
      • 71 15 AFP [HONG KONG] PetroChina, the nation's largest oil producer, reported lower than expected profits for 2006, with net profit up only 6.6 per cent despite high prices of crude oil. PetroChina reported a 2006 net profit of 142.22 billion yuan (S$28 billion), up from 133.36
        AFP  -  71 words
    • 545 15 Capital controls architect's remark dampens talk of lifting restriction Reuters. Bloomberg [KUALA LUMPUR] Malaysia has no urgent need to allow the ringgit to be traded offshore, the architect of the country's capital controls said yesterday, dampening talk that this last restriction would
      Reuters.; Bloomberg; REUTERS  -  545 words
    • 546 15  -  By PAULINE NG in Kuala Lumpur MALAYSIA has hinted that faltering talks on a free trade agreement (FTA) with the US could be salvaged by concentrating on areas that are not contentious. "Putting aside the areas we cannot touch or agree upon, there
      546 words
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  • INDIA
    • 531 16  -  Bulk of outward FDI flow to be driven by manufacturing sector, says Assocham By SIDDHARTH SRIVASTAVA in New Delhi WITH India Inc lining up acquisitions overseas, foreign investment by Indian companies is likely to exceed foreign direct investment (FDI) coming into the country,
      531 words
    • 406 16 However, data suggests there is no Bill Gates in India [NEW DELHI] The 36 Indians on the 2006 Forbes list of billionaires were together worth over US$l9O billion. Details of their everexpanding wealth are readily available. What is not known, and what most
      406 words
    • 274 16 [MUMBAI] The lure of the much-feared participatory notes, through which hedge funds now invest in Indian stock markets, may soon wane, said a report in Business Standard yesterday. It pointed out that the Securities and Exchange Board of India (Sebi), the capital
      274 words
    • 472 16 Bloomberg [NEW DELHI] Billionaire Mukesh Amb&ni's Reliance group may spend about US$9 billion developing a gas field off the east coast of India and building pipelines to sell the fuel to houses and industries. Reliance Industries Ltd, India's biggest company
      Bloomberg; REUTERS  -  472 words
    • 264 18 Reuters. Bloomberg [BEIJING] China Minsheng Banking Corp said it has finished arranging details of a private placement of shares that will raise 18.2 billion yuan (553.6 billion), making it the country's biggest domestic placement. The two billion new A shares, comprising about 16 per
      Reuters.; Bloomberg  -  264 words
    • 518 18 Shares surge 5.8% in Shanghai and H shares rise 1.9% in Hong Kong Bloomberg [SHANGHAI] Bank of China Ltd the nation's secondlargest said its 2006 profit may have risen by more than 50 per cent, benefiting from a tax credit and an expanding
      Bloomberg; AFP  -  518 words
    • 385 18 Reuters [SHANGHAI] The stateowned parent of Chinese retailer Wuhan Zhongbai Group Co Ltd merged with two peers, the companies said yesterday, forming a major new retailer as the government seeks to consolidate the sector and boost competitiveness. An asset management arm under the government of
      Reuters  -  385 words
    • 445 18 It aims to open another 61 new hotels by 2010 Bloom berg [SHANGHAI] Accor SA, Europe's biggest hotel company, plans to more than double the number of hotels in China in the next three years, tapping tourist demand in the company's
      Bloom berg  -  445 words
    • 503 18 Bloomberg [HONG KONG] Hong Kong billionaire Li Ka-shing will refinance Hutchison Telecommunications Australia Ltd to reduce debt and improve returns after the mobile phone company posted seven years of losses. Hutchison Australia will sell about A 52.85 billion (553.45 billion) of
      Bloomberg  -  503 words
  • Page 16 Advertisements
    • 1637 16 TWIWWOOPENGINEERING LIMITED TWINWOOD ENGINEERING LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****4815Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders (the "Shareholders") of Twinwood Engineering Limited (the "Company") will be held at Jurong Country Club, Ficus 2 and
      1,637 words

  • Page 17 Advertisements
    • 2304 17 CEI CONTRACT MANUFACTURING LIMITED M 1 (Company Registration No. *****5114H) I (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CEI CONTRACT MANUFACTURING LIMITED ("the Company") will be held at Swissotel Merchant Court Merchant Court Ballroom (Section A),
      2,304 words
    • 2230 17 (Jl MOBILEONE LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the sth Annual General Meeting of the ordinary shareholders of the Company will be held at Intercontinental Singapore, Ballrooms 2 3, 80 Middle Road, Singapore *****6 on
      2,230 words

  • Page 18 Advertisements
    • 1328 18 NOTICE OF SPECIAL GENERAL MEETING DA K A PASSION FOR INNOVATION DAKA DESIGNS LIMITED (Incorporated in Bermuda with limited liability) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (the "SGM") of sharehplders (the "Shareholders') of Daka Designs Limited (the "Company*)
      1,328 words

  • MIDDLE EAST
    • 421 19 The country's trade surplus in 2006 was 22% of GDP, or 129b dirhams Bloomberg [DUBAI] The United Arab Emirates economy, the Arab world's second-biggest, grew 8.9 per cent in 2006, the ministry of economy said. Real gross domestic product, the measure of all goods
      Bloomberg  -  421 words
    • 303 19 Bloomberg [DUBAI] Shoppers in Dubai must more than double their spending by 2010 to make new malls being built in the emirate commercially viable, according to UKbased real estate brokers Colliers CRE pic. Consumers will need to spend an average of USSB,4OO each a year
      Bloomberg; FILE PHOTO  -  303 words
    • 7069 19 UNIT TRUSTS FUNDS AM Amro Aart Mgt (S'porv) StarEtmpeEqty'** 1JD28/ Star Europe Bond t 193/ StarEuopeBal 1.21V Star Asian Tiger Eqty UW Star Asia Bond 131# Star Asw Balanced 1/094/ Star Global Technology Fund'" 0107/ Mum Si Fd 0988/ Star Asia BontXUSW 0.862, ObftUtStUSO 1.168/ Asia Bond Fd A 106
      7,069 words
  • Page 19 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 2496 20 VOL mm km cooo) AIM Realty 1.65 -0.01 183 Abnc Bhd .0.32 -0.01 121 Acp Industries 1.72 0.04 255 Advance Synergy 0.29 0.01 537 AdventaBhd 0J5 unch 45 Ae Multi Hldgs .0.33 unch 40 Affin Holdings 231 0.09 1704 Ahmad Zaki Resou .2.42 unch 0 Ak Corp .OS9
      2,496 words
    • 454 20 AFP, Bloomberg [TOKYO] Japan's Sanyo Electric, under investigation for alleged accounting irregularities, yesterday announced the resignation of its chairwoman Tomoyo Nonaka, one of Japan's highest-profile female executives. Osaka-based Sanyo said in a statement yesterday it hasn't named a replacement. The company said Ms Nonaka
      AFP,; Bloomberg; AFP FILE PHOTO  -  454 words
    • 515 20 It also plans to venture into HK property market this year Reuters [TOKYO] The real estate arm of General Electric Co aims to boost its property investment in Japan to one trillion yen (Ssl3 billion) from the current 600 billion
      Reuters  -  515 words
    • 378 20 Reuters, Bloomberg [ZURICH] The world's largest watchmaker Swatch Group yesterday reported record annual net profits of 830 million Swiss francs (551.04 billion) on the back of soaring demand for luxury items from its ever wealthier customers. Booming global markets made the rich richer and boosted
      Reuters,; Bloomberg  -  378 words
    • 519 20 Reuters [ISLAMABAD] President Pervez Musharraf, scotching rumours of a coup six months ago, told Pakistanis their country was not a "banana republic, where such things happen suddenly". Filled with trepidation over a deepening political crisis, people could do with a similar reassurance
      Reuters; AFP  -  519 words
    • 357 20 AFP [BANGKOK] Organisers of Bangkok's controversial million-baht (5546,187) meal will donate nearly US$6O,OOO to charity, and repeat the culinary extravaganza on an even larger scale next year. Deepak Ohri, managing director of Lebua Hotels which hosted February's one-million-baht per head feast, said yesterday
      AFP  -  357 words

  • WORLD
    • Article, Illustration
      38 21 [SEOUL] Models standing at a photo opportunity for the VB6O performance by Italian-born New York artist Vanessa Beecroft at a department store in Seoul. Thirty-one South Korean models participated in the signature-Vanessa Beecroft pose. REUTERS
      REUTERS  -  38 words
    • 607 21 They include Dutch rival ING,Britain's Barclays and BNP Paribas of France Reuters, NYT [LONDON] Britain's Barclays is not the only bank that has made an informal takeover approach for ABN Amro Holding. The Amster-dam-based bank has received approaches from several rival banks in recent
      Reuters, NYT  -  607 words
    • 327 21 Bloomberg [NEW YORK] US homeowners, lenders and investors may lose as much as U*****.5 billion through 2014 as mortgage payments go up on adjustablerate loans, triggering defaults and foreclosures, according to a study. The study by mortgagerisk data provider First American Core
      Bloomberg  -  327 words
    • 492 21 Atlantic City reinvents itself as casino revenue dips AP [ATLANTIC CITY] Making money used to be so easy in this doleful seaside resort, at least if you were in the casino business: Efficiently shuttle a steady parade of day-tripping grandparents clutching rolls of quarters through
      AP  -  492 words
    • 450 21 Texas Pacific among likely firms to explore such a move, say analysts and bankers Reuters [NEW YORK] Blackstone's plans to publicly float a small portion of its general partnership is expected to reignite the public offering debate that sparked several large private
      Reuters  -  450 words
    • 311 21 Bloomberg [SYDNEY] AGL Energy Ltd. Australia's biggest energy retailer, agreed to join the Chicago Climate Exchange, becoming the first utility outside North America to become a member of the emissions reduction and trading programme. Participation in the exchange. which is owned by Climate Exchange
      Bloomberg  -  311 words
  • Page 21 Advertisements
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  • AVIATION
    • 804 22 Move to fight competition from online bookings, discount airlines Bloomberg [LONDON] TUI AG, Europe's biggest tour operator, will buy First Choice Holidays pic to fight competition from Internet bookings and discount airlines, mirroring a combination of two rivals last month.
      Bloomberg  -  804 words
    • 172 22 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd, the country's biggest airline, said it's still in discussions with Airbus SAS on the "various options" it has on six A380 supeijumbos that have yet to be delivered. MAS and its parent
      Bloomberg  -  172 words
    • LOG BOOK
      • 61 22 AP [SHANGHAI] China's top leaders have approved a programme to build large commercial aircraft, lending crucial government support to plans to challenge the domination of Boeing and Airbus. A Cabinet meeting held last month approved "in principle" the setting up of a
        AP  -  61 words
      • 50 22 AFP [BANGKOK] Domestic Thai carriers have started to move equipment back to Don Muang airport, which is set to reopen this weekend for commercial flights. Thai Airways International, Nok Airlines and One-Two-Go are scheduled to resume domestic flights from Don Muang on Sunday. —AFP
        AFP  -  50 words
      • 38 22 AP [PHILADELPHIA] With the skies and runways clear, US Airways struggled to accommodate a backlog of travellers stranded at Philadelphia International Airport days after a paralysing ice storm struck the US north-east. —AP
        AP  -  38 words
      • 40 22 Bloomberg [TOKYO] Japan Airlines Corp said it will operate all flights normally today after one of the four unions threatening a one-day strike decided against it. The JAL Cabin Crew Union cancelled plans to strike.
        Bloomberg  -  40 words
    • 1485 22 cm wan «ta wjmit m> MMl XSSm tMO (MM U15 ***** 1740 8A7382 221S AFWP 18*) QF82 2215 BA7M1 1830 LH5770 2350 QUI 1830 SQ2W 2350 SOS30 HiO L***** 0645 >.8« 2315 *?323 0645 .***** 2 345 KL937 1605 SQ324 2345 SQ347 QMS SB58 EK433 01)0
      1,485 words
    • 291 22  -  By VEN SREENIVASAN [SINGAPORE] Singapore's Tiger Airways has formally incorporated its new Aus-tralia-based low-cost airline, Tiger Airways Australia Pty Ltd, in the Northern Territory and is now working on selecting its new operational headquarters. The Singapore Airlines associate yesterday said that it incorporated Tiger
      291 words
    • 336 22 Reuters [LONDON] The head of United Airlines voiced support for a transatlantic air travel pact even though the company will have to confront the same prospect of new competition as British Airways (BA) and Virgin Atlantic. Glenn Tilton, president, chairman and chief executive
      Reuters; BLOOMBERG  -  336 words
  • Page 22 Advertisements
    • 155 22 BT/ZUJI Deals of the Week iSSSH ■H i BUSINESS CLASS (from ECONOMY CLASS (from S) HOTEL (from S) Los Angeles $3,980 $840 $87 Thai Airways EVA Air pgnNfflONS BUSWESS CLASS (from ECONOMY CLASS (lomS) HOTEL ftanj) WEAWBt Bangkok $499 (Sw«s International) $180 (Cathay Pacific) $33 Sunny Hanoi $538<W*iamAMMs) $180 (VtenamAMms)
      155 words
  • Page 22 Miscellaneous
    • 183 22 CRYPTIC CROSSWORD church for the most part (2, Across: 1 Secret service, 9 Night--1 Acknowledge skill and propri- 8) fall, 10 Cocoa, 11 Wader, 12 Toil, ety (14) 16 Carnivore more than half mer- 13 Miss, 15 Charred, 17 Diorama, 2 Cupholder hesitantly first pro- ry each time repeatedly inside
      183 words

  • SHIPPING
    • 628 23  -  SSA says ships of its members already pay port, light dues in littoral states By DONALD URQUHART [SINGAPORE] Playing the Law of the Sea's "international waterway" card, the Singapore Shipping Association (SSA) has voiced its absolute opposition to any mandatory
      628 words
    • 232 23 Bloomberg [OSLO] Aker ASA, a Norwegian holding company controlled by billionaire Kjell Inge Roekke, will book a gain of 2.9 billion kroner (***** million) after selling its 40.1 per cent stake in shipbuilder Aker Yards ASA The 9.1 million shares in
      Bloomberg  -  232 words
    • PORT SHOTS
      • 70 23 AFP [DUBAI] Dubai port operator DP World has completed the sale of its US operations, drawing the curtain on its controversial investment in the US, the r official WAM news agency reported on Saturday. The state-owned company said it has finalised a deal
        AFP  -  70 words
      • 96 23 Bloomberg [LONDON] A strike at Marseille, France's biggest port in the Mediterranean, continued for a sixth day, delaying 31 oil tankers from loading or discharging cargo and stoking the cost of hiring such carriers. Pascale Galeote, deputy secretary-general for the Confederation Generale du Travail union,
        Bloomberg  -  96 words
      • 74 23 Bloomberg [SHANGHAI] Baosteel Group Corp, China's biggest steelmaker, will buy a 35 per cent stake in the country's largest shipyard, currently under construction. China State Shipbuilding Corp will hold the remaining 65 per cent stake in the 10 billion yuan (S$l .9 billion) Changxing shipyard
        Bloomberg  -  74 words
      • 83 23 Bloomberg [SINGAPORE] Hanjin Heavy Industries Construction Co, a South Korean shipbuilder, received a 467.8 billion won (S$748.5 million) order to build five container vessels for a European company. The ships will be delivered by July 31,2010. Danaos Corp, a Greek company that is
        Bloomberg  -  83 words
    • 539 23 Bloomberg [NEW YORK] Carnival Corp, the world's largest cruise-ship company, said first quarter profit rose more than analysts estimated because of demand for European trips. Net income climbed 13 per cent to US$2B3 million, or 35 US cents a share, from US$25l
      Bloomberg; AP  -  539 words
    • 288 23 Bloomberg [SINGAPORE] Shares of Hyundai Heavy Industries Co, the world's largest shipyard, rose with a subsidiary and their peers after they announced almost three trillion won (Ss4.B billion) in orders this month, easing concern business may slow. Shares of Hyundai Heavy rose 5
      Bloomberg  -  288 words
    • 271 23 sex mKSM M«rl> SS W- Vel Oi Offshore 0.39 unch 51 Chuan Hup Htdgs .0.34 inch 177S Cosco Corp .3.83 0.02 4321 Cwt Limited .0.93 0.02 482 Ezra Hldgs 4.90 0M 56 Freightunks OjM unch 245 Grand tanks .0.93 unch 3 Java Hold Ltd 1.45 0.01 1C0 KlVWlhre—
      271 words
    • 315 23 Bloomberg [HONG KONG] Dalian Port Co, operator of China's largest crude oil terminal, and Modern Terminals Ltd agreed to build deep-water container terminals in Dalian to tap the -country's rising cargo demand. The companies plan to build terminals at the northeastern city's Dayaowan North
      Bloomberg  -  315 words
  • Page 23 Advertisements

  • EDITORIAL & OPINION
    • 536 24 EDITORIAL THERE is more to what is happening in the US subprime mortgage market than meets the eye, and the wider implications should be of concern to all those who see securitisation of financial assets as an ideal way to spread risk and attract more
      536 words
    • 1106 24  -  Smart firms now use systematic selling tools to raise productivity across the board By SATISH SHANKAR, DIANNE LEDINGHAM, MARKKOVAC SU-YEE CHAN BUOYED by record economic growth rates throughout Asia (Singapore and Vietnam expect a final tally of 8 per cent for 2006 and China is
      BLOOMBERG  -  1,106 words
    • 812 24  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg FOR 400 years now, Anglo-Saxon common law has protected the right of a government to take over private property for public use. From the US interstate highway system to Tokyo's Narita Airport, important pillars of the global economy
      Bloomberg  -  812 words
    • America unravels at the seams
      • 274 25 The US housing market is currently in a serious recession the real debate is about "spillovers" whether the housing downturn will spread to the rest of the economy. account deficits. No one in their right mind ever thought this mess was sustainable barring, of course, the fringe "new paradigmers" who
        274 words
    • 718 25  -  LETTERS TO THE EDITOR Chua Swee Kiat General manager Corporate communications, M1 I REFER to the letter, "Capital reduction not ideal for Ml" (BT, March 15), by Tan Tow Yin. Ml is committed to creating long-term value for our shareholders, and
      718 words
    • 190 25  -  Tim W Ferguson Editor. Forbes Asia WE'RE flattered by the attention that Teh Hooi Ling gave our annual Best Under a Billion (BUB) roundup of SMEs (BT, March 3-4). Her comparisons of our picks to the SES All Shares index is humbling. But,
      190 words

  • Page 25 Advertisements
    • 833 25 CATS NOTICES In The Matter Of The Companies Act, Cap. 50 And In The Matter Of REAL CHALLENGE PTE. LTD. (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****5096Z) Notice of Resolution At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held on the 14*
      833 words

  • 11036 26 SGX MAINBOARD Transaction date: Mar 19 52-Wk Td Last Vol Day Last Quote Mv GrYtd Nat MCap High Low Coda Company Ml fOOO) Wgh low Buy Se>er Cvr Wt SnJj 3.5 1 5716 1st Software 2 susp *1 II 5 6 3148 STelecom 9.5 -1 4497 10.5 9.5
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  • Page 26 Advertisements
    • 36 26 Tirade from 20% deposit (5 x leverage) on mod stocks Go long or short Competitive financing ratee in ai markets Access to Asian, US, Euro stocks i Select Exchange Uraded Funds and Indices Competitive Commission charges
      36 words

  • 5122 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In s$ In USS %dy Syr dy yr dy %yr Mf 16 Index Change Change Change Chang* Chang* Change TV World Index Preliminaiy 1067.9 -0.2 1.2 -0.5 -1.4 0.0 -0.8 EAFE Preliminary ***** -02 -0.7 -0.3 -0.6 0.2 0.0 Europe
    5,122 words
  • Page 27 Advertisements
    • 130 27 S Serious trading. Worldwide. I •I conquer global markets? flßfiHl Q The award winning SAXO TRADER is now available in Singapore, direct from Scandinavia. Join traders ii worldwide on this innovative multi-product trading platform featuring 160 FOREX crosses, 19 exchanges, I BSB I CFDs and futures. Be ready to spot
      130 words

  • Page 28 Advertisements
    • 1385 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NCX/SAV Loads Singapore, E./W. Malaysia, Indonesia loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination DD MASTER DBI/ABU/DOH/BRN/DMM/KWT /~\J uy TI i QAU IMT/dckj PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT lINWBSIN PAN DYNAMIC JDH/AQA/BJA VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W.
      1,385 words
    • 433 28 mXW WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa vot ramp hbcht si ioc »ao say mi ok TMWUIK U7U 3201 ms MM 09/04 OOHT 11/05 IS/OS 11/05 14/05 TAMO Af7l2 4201 MS MM 11/04 OMIT 19/05 24/05 27/05 25/05 TAINAAN Af7l4 2201 ms U* 00/05 30/05 00/00 12/00 It/00 14/00 Haw
      433 words

  • Page 29 Advertisements
    • 897 29 WAN HAI INTERNATIONAL PTE LTD <* Wk **********0/* YAN\WAN HAI LINES JOHTH: 107) *****23 MX: (07)*****21 811 IB: 1031) *****75 MX: |031) *****14/*****05 WWW.Wonhai.Com.Sg *Tlfc«»l)nS41l0MX:(021)S»47l0RI»m:7H»/7H»l MX:7I tin IB: 1061) 4157M3 MX: 041) *****25/*****09 WEEKLY EXPRESS SERVICE TO AND FROM CALLING SINGAPORE EVERY THURSDAY CALLING PALEMBANG EVERY SUNDAY takANM ma W53
      897 words
    • 1179 29 I VISSiI VOY PKL I SIN I KARACHI I PX» I SAS PMM SMC KHOR MAN SATTARI PCI 1190 17/03 16/03 25/03 23/03 29/03 04/04 06/04 03/04 MAN TASATASAII Kl 3191 22/03 23/03 31/03 04/03 03/04 11/04 13/04 13/04 IMANMAIAII PCL 3192 04/04 03/04 14/04 17/03 13/04 24/04 26/04 26/04
      1,179 words
    • 571 29 m ss« WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ygsa I wr I sai I nuns I cotwoo ishto I comwo muaGUl mat 2UM mm ;smai mmai mm mm m 31 «aw umrmm I rwoss I maw I maw I o/*pi haw isaw ■www■■—mmmmm
      571 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5019 30 This ETA ETA Advartser Vessel Voyage Telephone SIN Oesfn Name Name Number Nyniter To ABU DHABI (AUH) 2004 U. A. Emirates 27/03 10/04 SCI EMIRATES MARINA 711W *****355 To ADELAIDE (ADL) 2007 Australia 01/04 20/04 China Shpq KAMAKURA 037S *****898 01/04 20/04 PTD|akarta KAMAKURA
      5,019 words

  • PROPERTY
    • 544 31 Other incentives likely as M'sia kicks off its biggest investment conference Bloomberg [KUALA LUMPUR] Malaysia may end a three-decade property capital gains tax and offer other incentives as almost 1,000 local investors and fund managers from cities such as New York and
      Bloomberg  -  544 words
    • 452 31 Bloomberg [LONDON] London house prices advanced in March as buyers snapped up properties at the fastest pace in almost three years, led by demand from wealthy foreigners and bankers. Average asking prices in the UK capital rose 1.8 per cent to £366,302 in the
      Bloomberg  -  452 words
    • 670 32 The company plans to develop office and residential buildings in Vietnam Bloomberg [SINGAPORE] IndoChina Land Holding, a developer of USsl billion of Vietnamese properties in the past decade, plans a similar amount of projects as the country's economy gains momentum after entering the World
      Bloomberg; AFP  -  670 words
  • Page 31 Advertisements
    • 241 31 saviiis fH2«~x 11 o: I Collective Sale of 1 1 )W: 396-398 River Valley Road Land Area 1,733.2 sq.m. (approx. 18,656 sq.ft.) MP2O °3 PR. 2.8 \g\ Maximum permissable GFA: 4,852.96 sq.m. \o\ wwm Tenure: Freehold y//S Yp\ Y\ Ideal for boutique SOHO-theme development \b\ Walk to Great World City
      241 words
    • 303 31 IQE Debenham Tie Leung lniinrtmiWipiiiii M liiii tf PRIME FREEHOLD RESIDENTIAL LAND AT MOUNT SINAI Residences ~z_ Lssdon O COLLECTIVE SALE OF (u/C) yj cc 1 S HIMIKO COURT Fort 0 cc w Cumin— ne Singapore's coveted residential areas ULU PANDAN ROAD HOLLAND ROAD 'W" Ikm He ss'. P Pri
      303 words
    • 101 31 Address Bukit Timah Rd Singapore *****2 Site Area 888.5sqm y Strata Area 4,437 sqm approx Tenurß FREEHOLD n Zoning Commercial 1 fir Showroom 2 nd 6 th fir Office Height 6 storey 2 basement car park (48 lots) For further details, kindly call dave 100 O 9272 7788 oromail to
      101 words

  • Page 32 Advertisements
    • 245 32 w'-' Wffll&wk H Vss M m JflP:jtX. 'Wm?'"- m > 1 v vXyKBI J t U Prime Residential Redevelopment Site In The Heart Of Orchard Road Site Area: 93,274 sq ft (approx) I I Plot Ratio: 2.8; up to 20 storeys f A Fmtm •Walking distance to Somerset MRT Orchard
      245 words
    • 255 32 g For Lease H"* Office: 646 to ***** sqft fH Shop: 268 to 1873 sqft $8 Outside CBD/ Free Shuttle Bus Service to MRT Station HI Panoramic city/ sea view Broadband enabled/SCV Service available ssp Ample carparklng space Mt Hong Fok Group m Tel: 6390 2425/ 6292 8181 In Close
      255 words
    • 73 32 6-Storey Service Apartments For Sale Cape Inn, 3 Seng Poh Road Near Tiong Bahru Market 6-storey service apartments with 61 guest rooms on the 4 th to 6* storeys Land Area: 9,143 sq ft; Freehold Gross Floor Area: 27,255 sq ft 22 carpark lots on the 2 nd and 3
      73 words