The Business Times, 7 April 2007

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Total Pages: 20
1 20 The Business Times
  • 21 1 The Business Times wèekend SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 online at http://business-times.asial.com.sg April 7-8, 2007
    21 words
  • 635 1  -  By SAMUEL EE [SINGAPORE] First, there was a Formula One driver in a convertible cruising past the Esplanade. Soon there could be a real F1 car hurtling down that same route. A street demo of a Formula One car could be organised by financial
    REUTERS  -  635 words
  • 859 1  -  Tech-savvy youths are providing growth in a mature mobile phone market By SIOW LI SEN [SINGAPORE] "It's got Bluetooth, 3G, MP3, and 3.2 megapixel camera," said 15-year-old A Yong of his latest and third handphone, a Nokia 73 that cost $499 with
    FILE PHOTO  -  859 words
  • 31 1 PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 14.168 TAIWAN 5.926 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 8.25 CANADA 6.00 SWITZERLAND 3.96 INDIA 12.25 Source: Bloomberg
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  • TOP STORIES
    • 690 2 Scientists accuse govts of watering down text of widely awaited report AFP Reauters [BRUSSELS] Top climate scientists issued their bleakest forecasts yet about global warming yesterday, ranging from hunger in Africa to a thaw of Himalayan glaciers in a study that may
      AFP; Reauters; AFP FILE PHOTO  -  690 words
    • 822 2  -  By CHUANG PECK MING [SINGAPORE] Singapore is one of the global hot spots for research and development (R&D) for American multinational corporations (MNCs), which are spending more to discover new products and cutting-edge processes to stay ahead of the competition. They have
      822 words
    • 580 2 LottVision bets on China gaming market AS China moves into legalised lotteries, 'Singaoui iy lijlJd LettVision is gambling nw bpting a winner wftK a-slice of the exponential growth it sees there. LottVision has also moved on from supplying video surveillance systems to get into betting software. COMPANY NEWS,
      580 words
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  • RAFFLES CONVERSATION
    • 2094 3  -  More than a few eyebrows were raised last year when Sukanto Tanoto became the richest Indonesian on Forbes Asia's list. Who is this self-made tycoon? LAUREL TEO catches up with him recently in Singapore, where he has been based for more than 10 years LAUREL
      ARTHUR LÈE  -  2,094 words
    • 292 3 THE Tanoto family controls a string of resource businesses grouped loosely under the banner of RGM International, which does not own the companies but provides accounting, human resources, finance and other corporate services to them. The group has US$B billion of assets, employs more than 50,000 people,
      292 words
    • 443 3 HE MAY be viewed with suspicion by some in his home country, and with wary respect by the Western media. But in China, Sukanto Tanoto is adored. Google his name in Chinese and glowing reports that pop up from China Daily. Xinhua and China Business Weekly,
      443 words
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    • 67 3 The Raffles Conversation is brought to you through a special arrangement with Raffles 7*' Hotels and Resorts. The Traveller's Palm in I 9 the Raffles Hotels and Resorts logo is an apt I I I symbol. Not only has water stored at the base j of this palm provided sustenance,
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  • Page 4 Advertisements
    • 2183 4 EASTECH EASTERN ASIA TECHNOLOGY LIMITED Company.Registration No.: *****8484 D (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of Eastern Asia Technology Limited ("Company*) will be held at Connaught Room, Level 2, Cartton Hotel, 76 Bras Basah Road,
      2,183 words
    • 326 4 Cats Notices PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0381N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pacific Century Regional Developments Limited (the "Company") will be held on Monday, 30 April 2007 at 4.00 p.m.
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  • COMPANY NEWS
    • 199 5 Value of Southern Commercial Bank put at US$670m Reuters [HANOI] Vietnam's Southern Commercial Bank, which sold a 10 per cent stake to United Overseas Bank earlier this year, wants to get a share listing in Singapore. "Southern Bank has expressed determination to become one
      Reuters  -  199 words
    • 759 4  -  Deregulation spells big opportunities for Singapore-listed HK company By CHRISTINE SIM CHINA appears to be moving towards increasing the availability of legalised betting and Singapore-listed LottVision Ltd is gambling on being a winner in the new, more relaxed market. "We believe an industry revolution
      YEN MENG JIIN  -  759 words
    • 472 4 It's banking on rising demand for products in China, Central Asia SUPER Coffeemix Manufacturing, which makes and distributes instant beverages and snack food, says its capacity expansion plans and contribution from new markets are expected to drive the group's earnings to another record high
      472 words
    • 708 5  -  It wants to attract more students from emerging markets, widen course range By BENITA AW YEONG FROM its base in Singapore, the TMC education group has set its sights on the whole world. It all started in Kramat Lane 26 years ago, when
      YEN MENG JIIN  -  708 words
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    • 1047 5 REYOUNG PHARMACEUTICAL HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of REYOUNG PHARMACEUTICAL HOLDINGS LIMITED ("the Company") will be held at Republic Plaza 11, Level 18, Trademark Room, 9 Raffles Place, Singapore *****9 on Monday, 30 April 2007 at
      1,047 words
    • 1542 5 Hyffwc HYFLUX LTD (Company Registration No. *****2722Z) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hyflux Ltd ("the Company") will be held at 202 Kallang Bahru, Hyflux Building, Singapore *****9 on 27 April 2007
      1,542 words

  • PERSONAL INVESTMENT
    • 1611 6  -  SHOW ME THE MONEY TEH HOOI UNG Senior Correspondent ONE of the benefits of my job is the opportunity to meet various types of people from visionary entrepreneurs, to astute investors and super-smart academics. This week, while rummaging through stacks of notebooks in search of an
      AP  -  1,611 words
    • 1155 6 For week beginning Apr 2 SUBSTANTIAL SHAREHOLDERSDIRECTOR TRANSACTIONS Talaaatlal In* Mae* Prk« SHAMHMDMG T«» AnMM M ttm Mr Mm After Pate Pfrertar Cflflv 1W ttrS Cap roop) Pragranca *-Apr-07 Urn Wan Loot -toy S5 104 *****0 72.55 *****5 72 59 4-Apr-07 Kofi Wm Meng Buy SS
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  • SINGAPORE NEWS
    • 426 7  -  Ministers urge move to strengthen ties between Singapore and Malaysia By MATTHEW PHAN THE information ministers of Singapore and Malaysia yesterday called for more regular collaboration between their media sectors, as part of an overall effort to strengthen ties between the two countries. Besides broadcasting,
      MUGILAN RAJASEGERAN/THE STRAETS TIMES  -  426 words
    • 1338 7  -  From Singapore to Japan, they offer much in the way of investments By TOM MIĹS and LIJIAN CHEN REIT structures now exist in all of the Asia-Pacific markets in which we believe institutional investors should consider core property acquisitions. Australia created the Listed Property
      Source: UBS Global Aśets Mgmt Real Estate Research based on data obtaimed from FTSE EPRA/NAREIT  -  1,338 words
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    • 109 7 PENG KWEE 01-45 A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01-44 PEOPLES'S PARK CENTRE 6533 4619 01-45 BENCOOLEN 6333 1921 LAI -46 PENINSULA PLAZA 6334 5929 -01-51 ORCHARD PLAZA 6836 6606 01 -53 LUCKY PLAZA 6732 3243 0% Interest Instalment plan for Credit Cards available Radio
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  • WALL STREET BOOKS
    • 1563 8  -  A new crop of books, both fiction and nonfiction, are coming out and aim to capture the mix of greed, strive, intrigue and vanity in the world of big business By LANDON THOMAS Jr IN HIS 1958 novel From the Terrace, John O'Hara
      PHOTOS: BLOOMBERG  -  1,563 words
    • 825 8 Bloomberg The Last Tycoons William D Cohan Doubleday, 742 pages, U5529.95 Reviewed by JAMES PRESSLEY WHEN a former Lazard Freres Co banker returns to his roots as a journalist, he leaves no skeleton (or mistress) unturned. William D Cohan mixes
      Bloomberg  -  825 words

  • MALAYSIA/INDONESIA
    • 564 9  -  It's keen to bring more Mid-East investors to M'sia, explore other areas By PAULINE NG in Kuala Lumpur UNITED Arab Emirates' AlBatha group plans to use a RM4SO million (Ssl9B million) property development joint-venture project in Malaysia as a launch
      564 words
    • 315 9 Bernama [JOHOR BARU] Port of Tanjung Pelepas (PTP) wiU handle only containers while other cargoes go through Johor Port at Pasir Gudang these are the likely roles for the two sea gateways at the tip of the Malay Peninsula. Their parent company, Malaysia Mining
      Bernama; BLOOMBERG  -  315 words
    • 12 9 AP (Kuala Lumpur)
      AP  -  12 words
    • 275 9 Joint R&D plans to produce bird flu vaccine for humans Reuters [JAKARTA] Egyptian vaccine maker Vacsera is looking to team up with an Indonesian company to develop a bird flu vaccine for humans, an Egyptian minister and a company official said recently. A 13-year-old
      Reuters  -  275 words
    • 21 9 Move follows the impending takeover offer for RHB shares by EPF Reuters (Kuala Lumpur)
      Reuters  -  21 words
    • 464 9 TJAKARTA] The Indonesian government will allocate more money for infrastructure development in next year's budget in an effort to ease the distribution bottlenecks that have seriously hampered the country's economic growth, according to a report in Jakarta Post. "The bottleneck problem will become worse
      464 words
    • 2476 9 VM Ml W- QOt) ASM Realty 1.72 0.01 17 Abric Bhd .035 0.02 85 Acp Industries 179 unch 65 Advance Synergy 0.39 -0.02 3582 AdventaBhd .0.90 -0.01 52 AeMultiHIdgs 0.39 0.05 2741 Affin Holdings .2.37 0.02 2842 Ahmad Zakiftewu 3.77 0.09 100 Ak Corp .0.60 -0.01 168 AirasiaBhd
      2,476 words

  • GREATER CHINA
    • 597 10 Blossoming ties might tempt him to venture into energy sector Reuters [BEIJING] Billionaire Saudi prince Alwaleed bin Talal, who has snapped up three hotels during a 10-day tour of Asia, is also mulling investments in China's consumer and energy sectors. Rising affluence in the
      Reuters; REUTERS  -  597 words
    • 315 10 Reuters [TAIPEI] Taiwan is crafting plans to set up a speedway andhorse racing track in a bid tojghir economic growth in the less-developed southern portion of the island, local media reported yesterday. The proposals would mirror similar actions by governments around Asia and worldwide, which
      Reuters  -  315 words
    • 240 10 Reuters [BEIJING] China's insurance regulator has given insurance companies permission to double, to 10 per cent, the proportion of assets they may hold in domestic equities, industry sources said yesterday. Given that Chinese insurers' assets totalled 1.97 trillion yuan (Ss3B6 billion) at the end of
      Reuters  -  240 words
    • 548 10 Reuters [SHANGHAI] Dutch financial services firm ABN Amro and US community bank UCBH Holdings Inc are among potential rivals seeking to buy a minority stake in China's mid-sized Huishang Bank, regulatory and banking sources said yesterday. ABN Amro Holding NV
      Reuters; REUTERS  -  548 words
    • 6 10 AFP (Beijing)
      AFP  -  6 words
    • 153 10 AFP [SHANGHAI] An official who spent a decade in charge of real estate transactions here is under investigation for corruption after his immense wealth raised suspicions, state press reported yesterday. Yin Guoyuan, the former deputy director of the Shanghai housing, land and resources
      AFP  -  153 words
    • 331 10 [SHANGHAI] The China Securities Regulatory Commission has begun a formal investigation into irregular trading of shares of Zhejiang Hangxiao Steel Structure after the stock tripled in two months, underlining risks behind the mainland's stock market boom, the South China Morning Post reported.
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    • 44 10 IHnpHI HLJDf l Radio 91.3 is managed by E SPH Unionworks, a subsidiary Of iv Singapore Press Holdings if I I Lianhe Zaobao Shenzhen I economic I I andtrade I I cooporation I I zone I Vietnam I I I mmmmm&ms. I h BPryTiinTni*!lH
      44 words

  • India
    • 749 11  -  State govts can't seize land; SEZ size now restricted to 5,000 hectares By By SIDDHARTH SRIVASTAVA in New Delhi SEVERAL developers have heaved a sigh of relief over the new rules specified by New Delhi for Special Economic Zones. The federal government has
      749 words
    • 341 11 AFP [KANPUR] Ruling Congress party chief Sonia Gandhi appealed to voters in India's largest state to stand by the party of "every Indian" ahead of month-long local polls set to begin today. But the last-minute appeal is likely to have
      AFP; AFP FILE PHOTO  -  341 words
    • 415 11 [MUMBAI] India's National Stock Exchange (NSE) is chalking out a strategy to launch a separate trading platform for small and me-dium-sized enterprises (SMEs), according to a report in Business Standard. The newspaper said the move is expected to cut into the business of rival Bombay
      AFP  -  415 words
    • 10 11 AP (New Delhi)
      AP  -  10 words
    • 143 11 Starwood plans chain of 15 Aloft Hotels in 3-5 years Reuters IMUMBAI] The Intercontinental Hotels Group (IHG) and Istithmar Hotels are planning to expand operations in India one through management contracts and the other, new budget properties to tap strong demand for rooms.
      Reuters  -  143 words
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  • ASIA-PACIFIC/WORLD
    • 522 12 LATEST US DATA Surprise fall in unemployment rate to 4.4% from 4.5% in February Reuters Bloomberg [WASHINGTON] The US economy added a stronger-than-expected 180,000 new jobs in March, largely because of a bounceback in construction hiring, and job growth was stronger in the
      Reuters; Bloomberg  -  522 words
    • 248 12 Reuters [BERLIN] The International Monetary Fund (IMF) has revised down its forecast for US economic growth by 0.4 percentage points to about 2.2 per cent, a German newspaper reported in its online edition yesterday. The slowing is only likely to be temporary, as
      Reuters  -  248 words
    • 492 12 Reuters [BANGKOK] Protests against Thailand's generals and the post-coup government they appointed are growing and threaten to become serious, analysts say. In a matter of weeks, the gatherings have grown from a handful of people opposed to the September coup on principle to several
      Reuters  -  492 words
    • 427 12 AP [WASHINGTON] US consumer confidence sank to a six-month low as higher gasoline prices, a housing slump and stock market turbulence made people fret more about the economy. The RBC Cash index showed confidence dropping to 85.4 in April. That was down from 92.3
      AP  -  427 words
    • 327 12 Reuters [PARIS] French furniture-to-catwalk fashion retailer PPR is in advanced talks to buy out a leading shareholder of German sportswear company Puma and bid for the firm, newspapers reported yesterday. The Wall Street Journal, citing people close to the matter, said two
      Reuters; AFP  -  327 words
    • 213 12 Reuters [AMSTERDAM] NYSE Euronext has appointed members of a Dutch foundation and US trust, set up to prevent a possible spillover of US rules into European markets, the newly merged transatlantic exchange said late on Thursday.* The group, a combination of NYSE
      Reuters  -  213 words
    • WORLD WATCH
  • Page 12 Advertisements
    • 26 12 BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. »AT>i j NOTICES 5
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  • FOCUS: JOBS MIGRATION
    • 1444 14 Outsourcing is not just about back office jobs any more. Western companies are increasingly shifting high-end professional work to India IHT [BANGALORE] Outsourcing is breaking out of the back office. Until recently, the migration of service industry jobs from the West to places like India
      IHT; REUTERS, AP; BLOOMBERG  -  1,444 words

  • MOTORING
    • 857 15  -  Power on Ice is memorably up to the marque, says GEOFFREY EU GEOFFREY EU FROM a motoring perspective, few things are more incongruous or thrilling than driving a high-perfor-mance luxury car around a circuit Qn the traction-free suxfj}ce of a frozen lake in "WML Based
      857 words
    • Article, Illustration
      545 15  -  By C Y CHEW CUTE is not the best way to describe the Citroen CI. because it implies that beneath the stylish facade there is little substance to this charming little French hatch. And that couldn't be further from the truth. Nonetheless, most potential owners will inevitably
      545 words
    • 839 15  -  DRIVING STYLE German car maker's Asia MD tells SAMUEL EE about his passion for BMW and why the car has become the world's top luxury brand SAMUEL EE YOU could call it a lifelong love affair. As a child, Roland Krueger grew up with a
      839 words

  • GOLF
    • 982 16  -  Though initial odds are on former champs, given the game's unpredictability, dark horses could sneak in and spoil the party at Augusta, reports JUSTINE MOSS JUSTINE MOSS THE PGA Tour is in full swing, and the year's first Major has begun with 97 players teeing
      AFP; AP  -  982 words
  • Page 16 Advertisements
    • 186 16 Wine&dine with weekendßT Amid Italian Restaurant 275 Holland Avenue (Holland Village), Tel: 6469 9989 M 24 TavjongPagarßoad, TeL *****2090 Amid Italian Restaurant exudes a buoyant and awy ambience perfect for an exciting meal Watt* as «ha d>efs create masterpieces in the semi-open kitchen and stove oven. Exclusively for Diners Omb
      186 words
    • 409 16 ItSESiifc. 'Tirai/iniii w> \m i liilfi MM season with an Invitation Au Piakir, effc<od»em«nfr of littlt luxuries such as Pan-fried Silver Pomfretwith 4 Sea Urchin Roe or Braised Beef Short** and Grilled Tenderloin and Caramelised Pear in Vanilla to provide the perfect finish. The menu Is priced at tl 50+++
      409 words
    • 179 16 I Tfoxw VTiocnix 277 Orchard Road, Tel: 6233 6129 Break th« monotony of the (Jay with a delicious set lunch from $14.80+++ Set lunch includes a choice of appetiser (salad or soup), main course (grilled sirloin steak wtoi pepper sauce er penned chicken leg with mushroom sauce or fish and
      179 words

  • WELLNESS
    • 884 17  -  It could be a prostate disease, for which a new treatment is now available here, says CHEAH UI-HOON CHEAH UI-HOON IF YOU'RE a male above 50 years and have been taking a much longer time than usual urinating, you might think it's just your
      884 words
    • 1027 17  -  Natural plant-based products now come in high performance ranges, debunking the general view that they are only effective over a long period of time. CHEAH UI-HOON checks out two brands which have natural formulations and also promise to work faster and better CHEAH UI-HOON EVOLU
      1,027 words
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  • Page 17 Miscellaneous
    • 330 17 CRYPTIC CROSSWORD &roncc 4 South American people put 777 .n. into container? Not quite (5) 1 Father and British qirl love 5 m NASA lab, amazing state of framing old picture for artist some Americans (7) s?'. V i 6 Singer taking offence at artist 9 Cricket side before test
      330 words

  • SHOPPING
    • 636 18 New shop to sell old French brand AFTER closing his Fabulous Linens shop back in 2002, Whang Sung Lin is making a comeback next month with a new boutique and an old French brand of luxury bedlinen. Oh. how pleased the tai tais will be. D Porthault, the brand ill.question,
      636 words
    • 635 18  -  The booming economy and an appetite for luxury homes spell good news for two companies marketing luxury bedlinen which costs upwards of $1,000 per set. CORINNE KERK checks them out CORINNE KERK WHEN Fabrizio Viccaro picked up the local papers on Tuesday morning, the headlines screamed
      635 words
    • 250 18  -  By CORINNE KERK WHILE we're in the mood for celebrity architects on the property development front, why not have a taste of them in fashion? A collaboration between Italian label Prada and AMO—the think tank of Dutch architect, Rem Koolhaas—has resulted in Obvious
      250 words
    • 367 18  -  By CORINNE KERK BRITISH fine bath and body brand Molton Brown is going back to its roots in more ways than one. Started in 1973 as a hair salon with a natural philosophy and an ethical hair-care line, Molton Brown then went successfully into
      367 words

  • PERSONAL SPACE
    • 1011 19  -  Bridget Tracy Tan's compact pad gives ample evidence of her interests, writes GEOFFREY EU GEOFFREY EU THE old adage about good things coming in small packages certainly applies to Bridget Tracy Tan's home, which like its owner is bright, compact and filled with a quirky, confident
      PHOTOS BY YEN MENG JIIN  -  1,011 words

  • The Business Times weekend
    • 1148 20  -  JAIME EE and CHEAH UI-HOON discover that's what trendy cafes are serving simple sweet and savoury food of consistent quality usually made in-house JAIME EE CHEAH UI-HOON THE chic cafe seems to be a growing trend in Singapore, as you see more eateries opening that
      LEE PC/LIANHE ZAOBAO  -  1,148 words
    • 695 20  -  WORLD GOURMET SUMMIT PREVIEW By GEOFFREY EU IT'S time for discerning epicures to loosen those belt buckles for the 11th year running, the culinary circus known as the World Gourmet Summit (WGS) is coming to town. From April 9 to 28, a
      695 words
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