The Business Times, 23 March 2007

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Microfilm: NL27343
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 The Business Times SINGAPORE 85 cents online at http://business-times.asialxom.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Friday, March 23,2007
    20 words
  • Article, Illustration
    Lock icon Govt must close pay gap to retain talent: PM Lee
    727 1  -  Pay for Staff Grade I has slipped to 55% of benchmark By CHUANG PECK MING [SINGAPORE] The pay of ministers and top civil servants has slipped behind to less than half of what top earners are making in the private
    Source Bloomberg  -  727 words
  • Article
    Lock icon M'sia scraps property gains tax; stocks soar
    758 1  -  It also removes bumiputera equity rule for six sectors in Johor's development region By S Jaya Sankaran Pauline Ng in Kuala Lumpur MALAYSIA has rolled out the red carpet to local and foreign investors by proposing to scrap the bumiputera equity requirement in
    758 words
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      25 1 When Iskandar sculpts mSB bis personal stories jffli SHOWS FOR THE RICH How private bankers are pampering their high-net worth clients exec lifestyle, page 34
      25 words
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      5 1 11l Markets Digest P®9® 2
      5 words
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      67 1 > v*. v Z-V "> J it't<> y **us< i/~>> < .1" ■■>•■■ r- < 1 Hie Sultan's up ,1, i i.j»... fei ami down swings i flBHHtf PAGE 32 -Hi.-,. AIRIJNE ACCORD EU endorses open-skies deal with US PAGE 19 REACTIONS TO FED DECISION Fed feeds the bulls with
      67 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Civil Service: Who's promoted
      250 2 Nine permanent secretaries including the Head of Civil Service Peter Ho and five deputy secretaries were among 55 top civil serv ants promoted this year. Twenty-three were promoted within the time-scale grades, 10 to become super-scale officers and 22 within the super-scale grades, Mr Ho said
      250 words
    • Article
      Lock icon MARKETS DIGEST
      45 2 sn 3.219.51 (+63.82) ST INDEX FUTURES 3*220.00 (+64.00) SIMSCI 397.01 (+8.28) SIMSO FUTURES 398.50 (+8.20) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONGKONG 7.75 INDONESIA 16.660 TAIWAN 5.926 JAPAN 1.625 KOREA 9J3 BRITAIN 5.25 US 8.25 CANADA 6.00 SWITZERLAND 4.04 INDIA 12.25 Source: Bloomberg
      45 words
    • Article, Illustration
      Lock icon Fed feeds the bulls with the hint of a rate cut
      896 2  -  It also helps steady the market by not referring to risks from a sub-prime meltdown By ANDREW MARKS in New York NO ONE on Wall Street was expecting a rate cut from the Federal Reserve to stave off fears
      AP  -  896 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      608 2 Asian stocks rally in hopes of US interest rate cut ASIAN stocks yesterday rallied on hopes that the US Federal Reserve might soon cut its short-term interest rates, with the Straits Times Index rising 63.82 points or 2 per cent to a three-week high of 3.219.51. Japan's Nikkei
      608 words
    • Article, Illustration
      Lock icon US$ hits new lows as Fed adopts softer monetary stance
      569 3  -  By LARRY WEE [SINGAPORE] A perceived softening in the US central bank's monetary stance overnight has punished the US dollar mercilessly, pressing it lower across a broad front and resulting in fresh multi-year lows against several Asian currencies, including the
      Source Bloomberg  -  569 words
    • Article, Illustration
      Lock icon Asian stocks rally in hopes of Fed cut in short-term interest rates
      383 3  -  STI up 2%, Nikkei up 1.5%, Hang Seng up 1% on overnight Wall Street rise By R SIVANITHY [SINGAPORE] Asian stocks yesterday rallied on hopes that the US Federal Reserve might soon cut its shortterm interest rates, with
      Source Bloomberg  -  383 words
    • Article, Illustration
      Lock icon New tariff breaks timely for S'pore firms
      809 4  -  Japan-Singapore Economic Partnership Agreement Japan boosts concessions from 77% to 92% By Nande Khin Christine Sim [SINGAPORE] There has been a warm welcome by Singapore companies for the new tariff concessions for trade with Japan. Companies BT spoke with said the provisions in
      FILE PHOTO  -  809 words
    • Article
      Lock icon Management shake-up at Shin Corp
      720 4  -  New chairman cum CEO named; CFO, other senior execs seek retirement By OUR CORRESPONDENT in Bangkok SHIN Corp yesterday announced the boldest management shake-up since Singapore's Temasek Holdings took control of the Thai telecoms conglomerate in January last year. In what is viewed as the
      720 words
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      838 2 Score Card SING INVESTMENTS FINANCE LIMITED^ INCORPORATED IN THE REPUBLIC OF SINGAPORE V Company Regletratlon Wo: IM4OO3WD NOTICE OF ANNUAL GENERAL MEETING TO ALL SHAREHOLDERS NOTICE IS HEREBY GIVEN that the Annual General Matting of Sing Investments A Finance Limited will be held at 90 Robinson Road §01-01 SIF Building,
      838 words
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      4 2 people HR's secret weapon.
      4 words
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      23 3 K* J| wfl SPl!i&? tyF*sfw 'Ww-ffiffiv IfWi ?p™J»- ?£fi t/mmf "fU.mL a Wmwm>i rwH&tMMKti*:- .>---^ ■t-tfr'jwMnff* fw#»fra»<*!llK, A. H i>* |k i#li T -S
      23 words
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      15 4 Kllliir /Permit -v, T^Sl The Luxury Sports Mega M il Eh San: 'W^^m Tyre Express
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      1309 4 Cats Notices M THE MATTER OF THE COMFANOACT(CAP.B6) AND M THE MATTER OF OUANNNQ SEMRTA PRNATE UMTTED (ktMambara'VWunMraLlauMMon) (Co Reg. No. 190&)82fc3Z) notice of rooluton At an Extraordinary Qtntcil Mating of ths membare of thesbCManamedCompenyddy n. n .-J nA 4 I ljl_|ti_r fitfl oonvenea ana naio ac i nafDOufrrorw riace
      1,309 words
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      165 5 A Ars Xii'ii iT\" I' Ijy L 2007 JAGUAR CARS -< I START A FEW HEARTS RACING. This is power you can sense even before you get behind its 'R' steering wheel. Hugging the road like a jealous lover, its supercharged 4.2 L V 8 engine propels it from 0-100
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  • COMPANY NEWS
    • Article
      Lock icon Delong—worth a closer look
      812 6  -  HOCK LOCK SIEW By TEH HOOI LING CHINESE companies in general have to overcome the negative perception investors have of them. It is worse if they get on board the Singapore Exchange via the backdoor. Which is why the chairman of Delong Holdings, the China-based manufacturer
      812 words
    • Article
      Lock icon MapletreeLog in 27.8b yen property deal
      555 6  -  It buys beneficiary interest of 5 logistic facilities in Japan By OH BOON PING MAPLETREE Logistics Trust yesterday said it is acquiring the beneficiary interest of five logistic properties in Japan for 27.8 billion yen (*****.2 million). Based on the letter of undertaking, the
      555 words
    • Article, Illustration
      Lock icon Sing Hldgs inks deal to buy Hillcourt Apts for $361 m
      442 6  -  By KALPANA RASHIWALA SING Holdings has signed a conditional agreement to buy the freehold Hillcourt Apartments on Cairnhill Road for $361 million or about $1,542 per square foot (psf) of potential gross floor area (GFA). The price is about
      FILE PHOTO  -  442 words
    • Article
      Lock icon Fuel surcharges to go up in April
      286 6  -  By VEN SREENIVASAN FUEL surcharges are going up again on tickets issued by Singapore Airlines and Silkair from April 1, just two months after January's cut in the surcharge. The airlines say the latest increase follows a 10 per cent increase in the
      286 words
    • Article, Illustration
      Lock icon AMP Capital eyes opportunities in Asia
      571 8  -  Company looking for investments to inject into Assoom infrastructure fund By WEE LI-EN EVEN though the private equity market is getting more competitive there are still many significant investment opportunities in Asia, AMP Capital Investors chief executive Stephen Dunne says. AMP Capital, wholly owned
      YEN MENG JIIN  -  571 words
    • Article
      Lock icon Fu Yu: ex-chairman may have breached disclosure laws
      397 8  -  Lui declined to give information on rival linked to him By MICHELLE QUAH FU YU Corporation yesterday provided details of a report it made to law enforcement authorities on its former executive chairman Lui Choon Hay, saying he may have breached disclosure
      397 words
    • Article
      Lock icon Sing Tel share sale service at post offices to continue
      328 8 Move follows feedback from CPF members holding the discounted shares SOME 910,000 Central Provident Fund members holding discounted Singapore Telecommunications shares can still make use of post offices to sell their shares even after March 31. Sing Post had earlier
      328 words
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      830 6 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SEVEN SEAS INVESTMENT PTE. LTD. (In Member's Voluntary Liquidation) Company Reg. No. *****8715H At an Extraordinary General Meeting of the members of SEVEN SEAS INVESTMENT PTE. LTD. duly convened and held at 2 INTERNATIONAL BUSINESS PARK, #12-09/11 THE STRATEGY,
      830 words
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      1042 6 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 COLONY CAPITAL ASM PACIFIC PTE LTD Co. R*g. No. *****1214W MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 16th day of March 2007, the following special resolution was duly passed: That the Company
      1,042 words
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      226 6 IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF GOLD XPREZ LEASING A CREDIT PTE. LTD. (REGISTRATION NO.: *****6847K) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Members of the Company
      226 words
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      81 7 I IB v ',v ■.QmTT*:. ws>' -,-,T.-~ *^S^''^^ v "ft ■$'?,?.'s** Price is inclusive of COE. For more information, call 6472 4433 or visit www.porsche.com.sg Definitive. The new Porsche Cayenne. Unquestionable leadership in performance engineering. From SGD 238,888* to the limits you set. Porsche Centre Singapore Eurokars Centre 12 Sungei
      81 words
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      435 8 FOR US, IT'§ THE SILVERWARE IN r YOUR POCKET THAT MATTERS MOST. y. I y"" <St > Z H V* \Zi v Jf-^. >"**-%.' 1 *'1 'i r'/... .'.'...iliL, -.<?&. *I..'* A.» v. Mf l I. n 'dll^l -vJi TSSfer^'" ,1 LT. 1 p ,-*v t% #t| v-JBBBBMHHHBBBBBBBBMHBHMMMPHMMHMHHMHBBMMMMBp S® CATEGORY
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      100 8 -J- -T Rosewood Two Glass 6pcs Chicken Wing 6pcs Rosewood Double Wood Sofa Set Fish Prosperity Sofa w/Caiving Dining Set Hong Tan/Rosewood spcs O^WingWood^J o^ nds Table36MB" fWLt. Ro*«»ood Long Table Hong Tan/Rosewoods m m T Tm ,9pcs Rosewood j0 35" spcs Dining Set w/Carving Dining 0 40" 6pcs Dining
      100 words
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      275 9 Today. Si ngapore New Boeing 777-300^^^^ MORE EXCLUSIVE THAN YOU COULD EVER I^JM Ik vl K Widest seat In the sky at 35 Indies Largest fully flat bed ¥rtth a dedicated sleeping surface for added comfort Vanity comer wtttia mlijgrjMid drawer mates iq> a more j&£%| Unique design to and
      275 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US rate cut hopes send stocks higher
      526 10  -  STOCKS ST Index surges 63.8 points, but doubts remain over the fate of US interest rates RSIVANITHY Senior Correspondent Hopes that the us Federal Reserve might cut its shortterm interest rates within the next few months sent Wall Street up on Wednesday and
      Source Bloomberg  -  526 words
    • Article, Illustration
      Lock icon Untitled
      919 10 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Oow" "5* Up Down Undi Up Down Unch Multilnd 11 2 3 0 0 J 11 2 4 Manufacturing 82 42 74 17 7 19 99 49 93 Commerce 37 14 32 7 6 10 44 20 42 Tpt/S tor/Com ms 20 9
      919 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      965 10  -  Compiled by CONRAD TAN China Energy March 22 dose: $1.15 QMS RESEARCH, March 22 DIMETHYL ether (DME) on its way to becoming the favourite next-gen-eration fuel: China Energy is believed to be the largest DME producer in China, based on production capacity. DME is an environmentally friendly fuel, gaining
      Source Bloomberg  -  965 words
    • Article, Illustration
      Lock icon US$ edges off 2-year low against euro
      498 10 CURRENCIES —Reuters [LONDON] The US dollar came off an earlier two-year low against the euro while it steadied against the yen yesterday, eroding losses made after the Federal Reserve left rates steady as expected and dropped earlier language about further tightening. Investors initially
      —Reuters; BLOOMBERG  -  498 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Fidelity clinches 12 awards at S&P funds event
      490 11  -  Lion Capital and Prudential Asset Management bag five awards each By GENEVIEVE CUA FIDELITY Investments emerged as the big winner bagging 12 awards in the fund industry's annual awards bash, hosted by Standard and Poor's yesterday. That brings its haul this year
      YEN MENG JIIN  -  490 words
    • Article
      Lock icon Prudential launches property insurance fund
      342 11  -  By UMA SHANKARI PRUDENTIAL Assurance yesterday announced the launch of an invest-ment-linked insurance fund that aims to ride on the commercial property upturn and achieve an annual return of 10-13 per cent over the next three years. The PruLink Global Property Securities Fund will invest
      342 words
    • Article
      Lock icon COMPANY BRIEFS
      460 11 Noble sets up unit for polymers business NOBLE Group has set up a polymers business unit as part of its move into the international polymers marketing and supply chain business. The new unit, part of the group's chemical division, is headquartered in Singapore. Raffles Edn buys 10m more
      460 words
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      82 11 INVITATION TO OFFER 1997 HAWKER 800XP Serial *****8 Owned and operated by the Queensland Government since new. Current time 4173.7 hrs 3133 landings Engines have just completed 2100 ft 4200 hr inspections Aircraft available for immediate delivery U557,650,000* (plus Goods and Services Tax if applicable) For information, specifications, terms and
      82 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Jurong Reptile Park put on the block again
      528 12  -  Fourth floor of Heartland Mall also up for auction next week By KALPANA RASHIWALA JURONG Reptile Park is back on the auction block, this time as a liquidator's sale. Also in the line-up for DTZ Debenham Tie Leung's auction on March 29
      528 words
    • Article, Illustration
      Lock icon UniGroup of US sets up regional HQ in S'pore
      351 12  -  By PAMELA CHEW US-BASED global mobility group, UniGroup Worldwide, has bought over the Asian subsidiary of Lon-don-based Interdean Group for an undisclosed sum. And it has chosen Singapore as its regional headquarters. Interdean Asia facilities in Singapore, Hong Kong. China, Malaysia.
      351 words
    • Article
      Lock icon Chemical sector sees safety as a challenge amid growth
      391 12  -  SCIC to engage SMEs, help them perform better By MATTHEW PHAN GROWTH in the chemical sector will lead to a bigger workforce and increase the challenge to improve safety standards, Singapore Chemical Industry Council (SCIC) chairman A Chockalingam, said yesterday. The
      391 words
    • Article
      Lock icon Scope for S'pore to build up business ties with Dalian
      308 12  -  Logistics, financial services, tourism hold promise By JANICE HENG THERE is "great scope for collaboration" between Singapore and the northern Chinese city of Dalian, Minister for Education and Second Minister for Finance Tharman Shanmugaratnam said yesterday. The minister was speaking
      308 words
    • Article
      Lock icon Workplace fatality rate falls
      328 12  -  By TETTYANA JASLI THE workplace fatality rate in 2006 was 3.1 per 100,000 workers a big improvement from four per 100,000 in 2005 and well on the way to a target of 2.5 set by the Ministry of Manpower (MOM). But despite the encouraging trend, Senior
      328 words
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      162 12 B1"1 1 1 I t ***** SPH MBO is a major Singapore outdoor media company, with prominent LED screens in prime locations and in-mail plasma screens at shopping centres and major establishments. Our network of screens attracts 20 million exposures monthly. 5 prime locations for LED screens: Cattex House, OUB
      162 words
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      626 13 I More important than funds I I that win awards, are funds that I I win consistently. I I n-FgMF-l IPPFP I imctroti mjpfAMumiiOMMNT I (MIJ I m\lM STANDARD I I CiufnYnrr/ &POOR s I I Standard Poor's I I Singapore Fund Awards 2007 I I Lion Capital Singapore/Malaysia Fund
      626 words
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  • ECONOMY WATCH
    • Article
      Lock icon HK inflation in Feb tops 2-year high at 3.1 %
      568 14  - HK inflation in Feb tops 2-year high at 3.1 But one-off waiver of public housing rental brings rate down to 0.8% By JANE MOIR in Hong Kong INFLATION in Hong Kong soared to a more than twoyear high in February from a year earlier, with consumers hardest hit when buying
      568 words
    • Article, Illustration
      Lock icon Brown denies tax measures will leave Britons worse off
      393 14 UK BUDGET Scrapping lower band of tax wipes out benefits: critics Reuters [LONDON] British finance minister Gordon Brown yesterday denied accusations that headlinegrabbing tax cuts in his 11th and probably last budget disguised measures which could leave millions of Britons worse
      Reuters; BLOOMBERG  -  393 words
    • Article
      Lock icon BURSA MALAYSIA
      2119 14 vol GamudaBhd 765 0.20 ***** Magna Prima Bhd \2J 0.02 '85 Rathtt Hub* WW 013 inh SIM W- mm General Corpn 1.00 -0.01 119B Magnr-Teth Wa AC unch 154 Rathtt Hutu WW7 mh catch 0 GenfcngBhd 39 75 0.25 1306 Magnum fO Bhd inch unch 0 > ta
      2,119 words
    • Article
      Lock icon Subprime contagion fears subside as lenders get funds
      297 14 —Reuters [NEW YORK] Fears that turbulence in the high-risk mortgage market would spread eased on Wednesday after two battered lenders managed to secure enough money to stay afloat. Fremont General Corp announced it is selling US$4 billion of subprime residential loans to
      —Reuters  -  297 words
    • Article
      Lock icon Industry to gain from UK Islamic finance rules: S&P
      11 14 —Bloomberg (Bangkok)
      —Bloomberg  -  11 words
    • Article
      Lock icon Japan manufacturers less confident
      405 14 BSI for large manufacturers fall in January-March Reuters [TOKYO] Big Japanese manufacturers were less confident about business conditions in the three months to March, a government survey showed yesterday, prompting concern about the continuing strength of the current economic recovery. The data suggests the Bank of
      Reuters  -  405 words
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  • MALAYSIA
    • Article
      Lock icon Digi may return more cash to shareholders after failed WiMAX bid
      372 15 Bloomberg [KUALA LUMPUR] Digi.Com Bhd, the smallest of Malaysia's three mobile phone operators, said it may return more cash to shareholders after it failed for a second time to get a licence for high-speed wireless Internet services. The company
      Bloomberg  -  372 words
    • Article, Illustration
      Lock icon M'sia to start talks on high-speed railway
      231 15 Analysts see move as a positive development sign of improving ties —Bloomberg [KUALA LUMPUR/SINGAPORE] Malaysia will start discussions with Singapore for the development of a high-speed rail service to link the two neighbouring countries, said Abdul Ghani Othman, Chief Minister of Johor. Malaysian
      —Bloomberg  -  231 words
    • Article
      Lock icon Genting mulls non-gaming asset sale
      364 15 —Reuters [KUALA LUMPUR] Malaysian casino operator Genting Bhd is doing a strategic review of all its businesses, a company official said yesterday, as the firm focuses on growing its core gambling and leisure operations. Genting announced the sale of its paper and packaging unit last
      —Reuters  -  364 words
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  • GREATER CHINA
    • Article
      Lock icon Intel expected to announce China plant
      111 16 AFP [BEIJING] Intel will hold a briefing on Monday in Beijing, the US chip giant said yesterday, amid expectations that it is set to announce plans to build a huge semiconductor plant in China. "Our CEO (Paul Otellini) will be there," said a Beijing-based
      AFP  -  111 words
    • Article, Illustration
      Lock icon Hutchison, Cheung Kong earnings spike in 2006
      666 16 Profits up 40% and 29% respectively; Hutch 3G losses down to HK$20b —Reuters [HONG KONG] Hutchison Whampoa Ltd and Cheung Kong (Holdings), tycoon Li Ka-shing's twin flagships, posted higher earnings for 2006 that met expectations, thanks to narrower losses at Hutchison's third generation
      —Reuters; AP  -  666 words
    • Article
      Lock icon Bank of China H2 profit more than doubles
      328 16 —Reuters [HONG KONG] Bank of China, the mainland's No 2 lender by market value in which Singapore investment agency Temasek Holdings has a stake, said yesterday second-half profit more than doubled, beating expectations on strong loan growth and returns from its investment
      —Reuters  -  328 words
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  • India
    • Article
      Lock icon Indian stocks: not cheap but still attractive
      636 17 ANALYSIS Appeal lies in healthy corporate earnings driven by robust economic growth Reuters (HONG KONG/MUMBAI] Indian stocks are anything but cheap after five years of gains, but they still look attractive thanks to healthy corporate earnings driven by robust economic growth second only
      Reuters  -  636 words
    • Article
      Lock icon 320b rupees set to flow into India's real estate sector
      460 17  -  By SIDDHARTH SRIVASTAVA in New Delhi A RECENT study shows that domestic and overseas investors and private equity funds are looking to pump in a massive 320 billion rupees (Ssll.l billion) into India's real estate sector. "The transparency in real
      460 words
    • Article, Illustration
      Lock icon Tata may shelve Bangladesh investment
      341 17 Group cannot wait indefinitely for Dhaka's approval AFP [NEW DELHI] India's powerful Tata group has warned it may shelve plans to invest over US$3 billion in Bangladesh if Dhaka continues to delay granting approval, a report said yesterday. The report came after the Tatas said
      AFP; BLOOMBERG  -  341 words
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      43 17 YOUR TRUSTED Jfl 1 PAYROLL SPECIALISTS For SecuredHassle-Free and Timely payroll Call 6-*****68 now Stone Forest Accountserve Member, RSM International Stone Forest Accountserve Pte Ltd 18 Cross Street. #08-01. Marsh Mclennan Centre. Singapore *****3 Main (65) 6533 7600 Fax (65)*****877 accounts9stonelorest.com.sg www.StoneForestAccounts.com.sg RSM.
      43 words
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      349 17 Attractive Low Fares "USA! $838! Fly ANA's daily morning flight from Singapore to USA (via Narita) and enjoy true value. Not only is transit time reduced significantly, prices are slashed to give you more value for your money. ANA now has two daily flights departing from Singapore to Tokyo, giving
      349 words
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  • MIDDLE EAST
    • Article
      Lock icon Malaysia's MRCB banking on Mid-East projects for growth
      460 18 It's already building a RM400m hotel/condo complex in Dubai —Reuters [KUALA LUMPUR] Construction and engineering firm Malaysian Resources Corp Bhd (MRCB) expects strong revenue and profit growth this year and next, driven by property sales at home and building projects in the
      —Reuters  -  460 words
    • Article
      Lock icon Galeries Lafayette to open first Mideast store in Dubai Mall
      229 18 Bloomberg [DUBAI] Galeries Lafayette, France's largest depart-ment-store operator, will open its first Middle Eastern store in the United Arab Emirates' Dubai Mall to profit from the Gulfs economic boom. The Paris-based retailer signed an agreement to open a 192,000-square-foot department
      Bloomberg  -  229 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      2716 18 UNIT TRUSTS FUNDS A8A/i*flrrai*BUSD 17* OHWOcbdAgrittlCEUR 1U2J* RdtkyAPGdiMicBUSD U» MniMMJMII|l Plu Global IwoFd USD a Ml* MbIUD 1 OCK) GtaMiMdmKnl/" *****64 'i:ilT.UVl J— flu ab An*, Intone A am fAB) luxM 1J.W u—uXwhtCawOOW—— M® CddiM *****3* l*dCapB«Fd (wlLtt 0M1V CUb4Camiiuta*fmi 0.74M.W AB Am income B EUR 63V ami. SddRy GM
      2,716 words
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      20 18 Allianz Global Investors DEFINITfW CELEBR jllll t FRANKLIN TEMPLETON S Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS s
      20 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Rothko painting may sell for USs4om
      275 19 —Bloomberg [NEW YORK] Philanthropist David Rockefeller plans to sell a dazzling 1950 yellow-and-pink painting by Mark Rothko at Sotheby's in New York for what the auction house estimates could be more than USS4O million. If the nearly 7-foot-tall White Center (Yellow, Pink and Lavender
      —Bloomberg; BLOOMBERG  -  275 words
    • Article
      Lock icon EU approves 'open-skies1 accord with US
      437 19 EU approves 'open-skies 1 accord with US It will lower fares and increase EU-US traffic to about 73m passengers —Bloomberg [BRUSSELS] European Union (EU) governments yesterday agreed to deregulate the US$lB billion trans-Atlantic airline market, endorsing a treaty with the US that will spur competition, encourage mergers and end decades
      —Bloomberg  -  437 words
    • Article
      Lock icon Japanese minister makes racial gaffe
      258 19 —Reuters [TOKYO] Blond, blue-eyed Westerners probably can't be as successful at Middle East diplomacy as Japanese with their "yellow faces", Japanese Foreign Minister Taro Aso was quoted by media as saying on Wednesday. "Japan is doing what Americans can't do," the Nikkei business daily quoted
      —Reuters  -  258 words
    • Article, Illustration
      Lock icon IDEAS FOR EUROPE
      70 19 —Reuters A woman walks through the rain past a large campaign banner promoting Germany and Europe in Berlin. EU president Germany will mark the European Union's 50th anniversary with the so-called Berlin Declaration, due to be issued at a summit on Sunday. From the six-nation European Economic
      —Reuters; REUTERS  -  70 words
    • Article
      Lock icon Bardays-ABN regulator yet to be decided: FSA
      356 19 Reuters [LONDON] It is too soon to say which national regulator would be responsible for a combined AngloDutch bank should Barclays and ABN AMRO go ahead and merge, officials at Britain's financial watchdog said on Wednesday. Britain's third biggest bank said earlier this
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    • Article
      Lock icon North Korea nuclear talks in limbo
      342 19 Reuters [BEIJING] Deadlocked talks on North Korea's nuclear programme ground to a halt yesterday, with the North Korean and Russian envoys both leaving for the airport after four days of negotiations that went nowhere. North Korea has avoided discussing a February deal to shut
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    • WORLD WATCH
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      63 19 l o u m When Your Clients And Colleagues Are True Blue A gift from Tiffany Co. is used, valued and remembered. For years. Timeless Tiffany design and flawless craftsmanship beautifully reflect the standards of the giver. To apply for a Tiffany Business Account and receive a catalogue, please call
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  • AVIATION/LOGISTICS
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      Lock icon Is key Australia-US Pacific route closed to SIA?
      688 20  -  NEWS ANALYSIS Perhaps for now; but rival Qantas faces a more bruising battle ahead, writes VEN SREENIVASAN Ven Sreenivasan SOME analysts believe the door may have been shut on Singapore Airlines' hopes of getting-in on the Sydney-Los Angeles Pacific route, at least
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      Lock icon Tiger cuts back flights to Clark Airport
      283 20  -  By VEN SREENIVASAN [SINGAPORE] Regulatory restrictions on foreign carriers operating to Clark Airport in the Philippines have forced Tiger Airways to cut back its Singapore-Clark flights from 14 a week to nine, starting March 25. There is continuing uncertainty over the regulatory situation
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      Lock icon FedEx posts fall in quarterly earnings
      373 20 —Reuters [CHICAGO] Package delivery company FedEx Corp said on Wednesday that quarterly earnings fell and warned its growth targets would be at risk if the US economy did not improve. The company, whose i shares fell nearly 2 per cent, cited a slower economic
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      Lock icon Adam Air, 6 others rank lowest in safety
      247 20 —Bloomberg [JAKARTA] Indonesia, which has had two fatal plane crashes this year, said v PT Adam Skyconnection Airlines and six other carriers rank the lowest in »safety procedures, while none of the nation's 20 airlines fall in the top bracket. t Indonesia
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      Lock icon Etihad to borrow US$1.26b
      331 20 Bloomberg [DUBAI! Etihad Airways, the national airline of the United Arab Emirates (UAE), will borrow USsl.26 billion this year from local and international banks to finance the purchase of new aircraft. "We are borrowing funds to support the financing of the aircraft." chief executive officer James
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      463 20 sua mat mo —wu m [1111 f Jjjfl If P iff &»«> io«» otos low* oik 53B ongi gein —uwj rate Tvji; |M v~Td3 'ft' tFiS? -iji JHq iJo sows 07<h sqj« oios czio K® 'Jj 5 Join sis mqwI U wisj i*c j» i-*'« <
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  • SHIPPING
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      Lock icon Offshore engineering R&D getsslom boost
      518 21  -  NUS to host new programme with 3-year grants from MPA, A* Star By DONALD URQUHART [SINGAPORE] Offshore engineering research and development in Singapore was given a boost yesterday with a new research programme being set up at the National University of Singapore (NUS) with research
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      Lock icon Panama Canal may resist calls to delay toll hike
      322 21 Bloomberg [SINGAPORE] The Panama Canal will probably resist calls from shipping lines to spread out proposed toll increases, threatening profits for companies such as AP Moeller Maersk and Evergreen Marine Corp, analysts said. The Panama Canal Authority (ACP) has received 21
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    • Article
      Lock icon Physical nexus test for in rem claim overturned
      705 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Supreme Court of Canada has finally put to rest uncertainty over how a phrase in the Federal Court Act that provides for admiralty jurisdiction of a court over the arrest of cargo or any property other
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    • Article
      Lock icon Cosco Pacific sees H2 profit up 29%
      617 21 —Bloomberg [SHANGHAI] Cosco Pacific Ltd, Asia's third-largest container-terminal operator. boosted its second-half profit 29 per cent, as China's growing trade increased demand. Net income climbed to US$l55 million in the six months ended Dec 31 from US$l2O million a year earlier. The figure
      —Bloomberg  -  617 words
    • Article
      Lock icon New biometric ID cards in US ports raise concerns
      139 21 —Reuters [FORT LAUDERDALE! As many as one million US seaport and ship workers must undergo background checks and obtain biometric identification cards as part of a federal programme aimed at improving maritime security. The credentials will supplement, rather than replace. the
      —Reuters  -  139 words
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  • EDITORIAL & OPINION
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      Lock icon Dynamically business-ready
      511 22 EDITORIAL TAKE 11 major cities, Singapore among them, and grade them according to how ready for business they are. Such a study should be tailor-made, surely, for this island republic which prides itself on being the Little Red Dot That Could. Well, not quite. One such report has
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      Lock icon Ease up on financial Tides: US firms
      1077 22  -  Mr Paulson did not put all the blame on Sarbanes-Oxley and also stressed that the potential 'challenges' to the US financial sector are the result of complex changes in global markets LEON HADAR Washington Correspondent THE results of last year's Congressional elections that
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      Lock icon Now's the time to prepare for economic catastrophes
      829 22  -  THE BOTTOM LINE PAUL SAMUELSON SPRING 2007 is a time of considerable economic uncertainty. Quite by surprise, talk in China of new taxing and restraints on credit sent its stock prices falling 9 per cent in one day. In today's wired-together global
      829 words
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      Lock icon Building the Singapore brand
      2249 23  -  The country must develop greater self-confidence in its own judgement By KISHORE MAHBUBANI IT is daunting to be invited to speak on "Nation branding". Company branding is an age-old business. All good companies know the value of their brands. They cherish and nurture them. Many countries,
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    • Article
      Lock icon Fee hikes for needy should be reviewed
      287 23  -  LETTER TO THE EDITOR Leong Sze Hian Singapore I REFER to the increase in polyclinic and hospital charges. The 80-cent increase for polyclinic fees may seem small in absolute terms, but it is a 10 per cent rise. According to the Department of
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      130 23 Cats Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FUNAI ASIA PTE LTD (Co. Reg. No. *****658W) (In Creditor*' Voluntary Liquidation) NOTICE TO UNSECURED CREDITORS OF INTENTION TO DECLARE FIRST INTERIM DIVIDEND Nam* of Company: FUNAI ASIA PTE LTD (In Creditors' Voluntary Liquidation)
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      321 23 HOTEL-SOLUTION.COM PTE. LTD. (Company Registration No.: *****1304 C) (Incorporated In Singapore) LOSS SHARE CERTIFICATES The undermentioned shares certificates have been reported lost, destroyed or mislaid:Cartlflcata No. In the name of No. of Shares 06 Jeffrey Alan Evans 6,000 11 Jeffrey Alan Evans 6,000 16 Jeffrey Alan Evans 16,000 NOTICE IS
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      152 23 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF YEO BROTHERS LAUNCH SERVICES PTE LTD (IN LIQUIDATION) Co. Reg No. *****5538 D NOTICE OF MEETING TAKE NOTICE that a meeting of the creditors of the abovenamed Company will be held as followt: Date: 30th March
      152 words
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      388 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF QKE AIR EXPRESS PTE LTD (In Mtrnbtn 1 Voluntary Lkfuktatton) Reg No. *****3102R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at No. 1 Jalan Besut Singapore *****4
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      447 23 AVIVA MORLEY SocMtg dtnvestissement Capital Variable (SICAV) Registered Office 34. avenue de la Libert*. L-1930 LUXEMBOURG R C.S. Luxembourg B 32 640 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS The Annual General Meeting of Shareholders (the "Meeting") of A viva Mortey (the "Company*) wiN be held at the registered office
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      3099 24 Capita Land CAP IT ALAND LIMITED Regn. No.: *****0036N Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the STI Auditorium, (3) in exercising the authority conferred by this Resolution, the Company
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  • Article
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    10491 25 SGX MAINBOARP S2-«k T* Urt Mi Day UctQuota 0* GrYVJ MM MCap High m> Coda Company Sale W- cooq t— Bey» Sator CVr I W M 35 1 5716 in Software 2 suip 81 115 6 3148 SWeeom 9.5 unch 440 10 95 45 10 4? IJ 1J
    10,491 words
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      35 25 Trad© from 20% deposit (5 x leverage) on moat stocks Go long or short Competitive financing rates in ait markets Access to Asian, US, Biro stocks Select Exchange Ttaded Funds and indices Competitive Commission charges
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  • Article
    Lock icon FINANCE & COMMODITIES
    6264 26 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cm hi SS In USS dy y* >d|f %y» dy *>r Miiil Inrin Q\*nge Cngngt Cn>r>gg Chng» rheWondlnde»Pretn»natj 1109* U 08 0.1 04 0.2 1J 1 lAll Preliminary It 243 03 15 01 15 A3 U Europe Preliminary 1512.7 04 13
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      1515 27 UK COMTIMEMT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination DO MASTER DBI/ABU/DOH/BRN/DMM/KWT miOT Til rUAM lKir/a<»j PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT lINWK>IN PAN DYNAMIC ADN/JDH/BJA VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia
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      659 27 fKERQ SERVICE vtssa/vor iww wcwmg m km m sw jkt snuns expcess 30 u rm ?VO3 27/03 SntAITS EXPKESS 7 30 4.0 05/04 0(/04 10/04 ItiifWAmM mam Miff I Tr ,1 vßsa/vor i umvn waww g sw stp mb. am m rosrnvE leadb /oos ioo so 04W03 07-07/03 11-11/03 20-20/03
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      1655 28 WAN HAI INTERNATIONAL PTI LTD a MO: **********0/R VT.'.A lAIAU II a I I IAIPft TH: *****588 (14LINES) FJK*****163 V\\|4 N WAN HAI I INF\ S«rvk»/BookingsDirectUm-(1800)*****200 V 11A VVnil llffl klllhl# na TH: (03)U46KUFA1(031J*****Mrw TH: (04)224H00FAX:|04)77Ht99 V JOHIR: (07) 251W23 NUb (********** Sl* IB: (**********5 FAX: (031) *****14/ fIIUK www
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      1152 28 |~|T\ EASTERN CAR LINER, LTD ff 1 SPECIALIZE IN KOtO HEAVY UFT llfTO 450 TONS »—<im m*«(KT) sm m rww jkt su» 10 ir 40 —j rSTH H™"""! a I "T" TI IT Im 1 1 a I I migluw n so 1 il/H «vm W7H~ 12/04 vot I Rapffn
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      184 28 -flSffih PiPiViIWPWPIVViPtSI Xip I BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI I VtSSfl I VOYAGE ETASMGAPOBI ETA KARAOO lIOUN tr swbsliMi 1 TBA 25.03.2007 05.04.2007 I tin 1 m i0.64.M0; i 0.65.2007 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Aptx Tmnr, Singapore *****5 TaUphono: 6270
      184 words
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      603 28 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS wssa I >or sw I huwg gnome nat»* Icoiomio ttumitim am 21M oun 25 mm ft mm mtn MSi m PM 2IMM aim 04Aft QlAft PUITONA ffMOSS 03 Aft 04 Aft 07 Aft 11 *Tf ISAft ALSO
      603 words
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  • The Business Times Shipping Times
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      Lock icon The Business Times Shipping Guide Export
      6677 29 ETA ETA »*»«rtli» VKMl Voyage Telephone ETA ETA Atortfcer Veset Voyage Telephone ETA ETA Afrorthor Veeeel Voyage Telephone HA ETA Afterteer Veeeol Voyage Teteptwae ETA ETA A*iwHiw Veeeol Voyage Telephone SM Dest n Name Name Number Number SIN Derfn Name Name Number Number «n
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      411 29 IRISL, Qih® Hun QHm /jflMsJlfa 3®3Qj ®@(3®(pi)B (3 (SGltJ&s) 0® Qlhcp&njqjlh IbitiJd ikxzlfimgl {fop Q® faltemts] tpGrfunQa ®Q W®Jl] 0® @oUo§o (smunMm foo afo© ifasimlto Mum* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN
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      441 29 fc iaa =8= \fUUMk IKfll K7M li/H HimiM WW IS/M WU "tSktdrt mssr Sro Sra Ife Shsi BJn M -m~=m=^OF z =g»==l==||==Ff= wcwwi hw;b 14/ m li/w HKBHfIB B gg M/H "~1 r*l immnm m am nm ffiSfflSS,, BKV. #2} jflj Sfflftff iOMTAMG I B 05/04 I 09/04 I I
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      289 29 rife glory mShmtm gmwpl I( sma mi) I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS ICQVUUNO THE ENTIRE ASIA PACIFIC PORTS I m MOULAft WIIKiY MRVICCS: a IKAOHSIUNO A CHINESE PORTS, HONO KONO TO A FROM I SOUTHEAST ASIA J SMUTOU HUT WOOD SMTfMC
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  • BOOKS/WINE
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      Lock icon Chateau Palmer: not big, powerful, just harmonious and delicious
      874 31  -  By N KYONG WHEN you are a young (relatively!) wine lover just starting out, and want very much to be "with it", you look out for big brand names, and one of those was Chateau Palmer 1961. If you've done your
      874 words
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      Lock icon Observations of life's absurdities
      320 31 The Steep Approach to Garbadale lain Banks $32.50 (including GST) Little, Brown, 400 pages Reviewed By PARVATHINAYAR SINGAPORE Slings at the Raffles, cable car rides to Sentosa, the Tiger Balm gardens. The literature in question isn't a promotional guide, but lain Banks' new novel The Steep
      320 words
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      Lock icon Blend it like Banks
      926 31  -  Writer lain Banks tells PARVATHI NAYAR about his sense of satisfaction doing the unique job of mixing entertainment with commitment PARVATHINAYAR HE ASSURES it's not a schizophrenic act that as lain M Banks he writes science fiction and as lain Banks, literary fiction: "I love both
      926 words
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      Lock icon Vintage wine: Sniffing out fraud in the bottle
      952 31 NYT [NEW YORK] A few months ago, a wealthy wine collector held a dinner to taste some rare old Burgundies that he had purchased at a recent auction. He had invited several fellow Burgundy lovers, and the wines poured that night, ranging
      NYT  -  952 words
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  • NIGHT OUT
    • Article, Illustration
      Lock icon The Sultan's up and down swings
      705 32  -  night out Conrad Raj FEW things are as impermanent as nightclubs. They come and go as the fads change, and loyalty is for the dogs. Just ask Peter Wong of Madam Wong's and Sultan of Swing fame, Deen Shahul of Sparks, and Dennis Foo
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    • Article
      Lock icon Glamorous fashion show caps 'historic'party week
      661 32  -  By MELISSA LWEE CAN History and Party go together? They may seem to be unlikely partners, but last week saw a marriage of the two with great success. The party week started off nicely on March 15, with the good people at Veuve Cliquot
      661 words
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      184 32 Diners To apply, call 6416 0980 I A World of Exclusive Privileges Treats Diners Club WKMKKm www.Jiners.com.sg lnurnatumal Australia Southwest Corner. "Harvey River mj9 KregNnger, PiperS BfOOk rui rr aiit Bridge Estate Cabernet Shiraz Merlot k %i Klinth uhnrl jNlrr OU 1 2004". A well-balanced full-bodied blend INI I nil)
      184 words
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  • CINEMA/ENTERTAINMENT
    • Article, Illustration
      Lock icon S'pore firm behind film with A-list cast
      787 33  -  RGM is co-funding and producing 'Winged Creatures', reports PARVATHINAYAR Parvathi Nayar FOREST Whitaker who comes burnished with Oscar gold, Kate Beckinsale, Guy Pearce, Dakota Fanning an Alist cast that's exciting by any standards, but doubly so when you consider it was put together
      ARTHUR LEE  -  787 words
    • Article
      Lock icon Minghella fails to make emotional breakthrough
      322 33  -  By PARVATHI NAYAR WE'VE long-awaited a new film from director-writer Anthony Minghella, so it's with high expectations that we venture into Breaking and Entering. The movie's approach to examining relationships that are based on need and want is adult and appealing. However, it fails
      322 words
    • Article
      Lock icon ADT to focus on classical full-length ballets
      405 33  -  By CHEAH UI-HOON IT MIGHT just be a year shy of its 20th anniversary, but the Singapore Dance Theatre (SDT) is not putting up its feet, so to speak, before it gets into the full swing of anniversary performances next year. This year's
      405 words
    • Article, Illustration
      Lock icon Less of a drama of family ties
      435 33  -  By GEOFFREY EU CAGES is a film which elicits a degree of melancholy while also evoking the visual charm of Old Singapore. But if it was primarily about a songbird competition instead of a mostly unconvincing drama about family relationships, it would have
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    • Article, Illustration
      Lock icon When Iskandar sculpts his personal stories
      523 33  -  By PARVATHI NAYAR ISKANDAR Jalil's fifth solo exhibition titled Material. Message. Metaphor has been five years in the making, but as the master ceramicist says, "to develop new ideas, techniques and materials takes time". Fans and collectors of Iskandar's works have judged the wait
      523 words
  • Page 33 Miscellaneous
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      184 33 CRYPTIC CROSSWORD DOWN itated? (7) YESTERDAY'S SOLUTION 1 t0 14 SS,rmrn a X' CaUSeSVi 1 9 <*o^. conflict (7) sual impairment (9) 10 Q men 11 Cross-dresser 13 2 Current indicator (7) 16 She hangs her stocking on it (9) standard *15 Dearie 16 Slur 17 3 Advance made by
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  • executive lifestyle
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      Lock icon Now showing: For the rich
      1754 34  -  Growing competition has driven private bankers here to arrange exclusive events to make their high-net worth clients feel like kings of the world, say GEOFFREY EU and CHEAH UI-HOON Geoffrey Eu and Cheah Ui-Hoon IF you're a well-heeled individual, flush with funds and looking for
      1,754 words
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      33 34 UART Iskandar sculpts his personal stories PAGE 33 b *»^ife>.^'^-c-^ 5? w B u I M jjH P 1 F«f JtoMrwtloM +«5 «4« 7481 CONRAD /> < H«WIW, lIWB ?v CENTENNIAL SINGAPORE i h 1
      33 words