The Business Times, 9 April 2007

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Microfilm: NL27379
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Monday, April 9,2007
    20 words
  • Article, Illustration
    Lock icon Citibank gives a boost to S'pore as wealth management hub
    612 1  -  Revamp marks a major elevation of country in US bank's operations By VEN SREENIVASAN (SINGAPORE] In a major boost to Singapore's status as a wealth management hub. US banking giant Citigroup has consolidated its Global Wealth Management's international division in
    612 words
  • Article
    Lock icon Value in SGX stocks despite Q1 rise: analysts
    750 1  -  Some point to market's price-earnings ratio, which is trading below its historical average By TEH HOOI LING [SINGAPORE] Despite the new heights scaled by the Singapore stock market, analysts are still seeing interesting themes and value in the local bourse. "While the
    750 words
  • Article
    Lock icon MARKETS DIGEST
    134 1 MARKETS Week Chge STI 3345.86 ...+114.62 KLCOMP 1278.92 +32.05 NIKKEI 225 *****.78 ...+197.13 HANG SENG .*****.71 +408.78 SET INDEX 692.47..-..+18.76 JAKARTA COMP ...1895.61 +64.69 MANILA COMP ....3294.23 +90.68 TAIPEI TAIEX 8004.61 +120.20 SEOUL COMP. 1484.15 +31.60 SHENZHEN B 539.54 +15.57 AUST All ORD 6063.40 +84.60 DOW JONES *****.20...
    134 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon MAS likely to maintain policy of modest appreciation for S$
      748 2  -  Don't read too much into lower S$ interest rates, says strategist By LARRY WEE [SINGAPORE] The Monetary Authority of Singapore is again likely to maintain its current policy for a modest and gradual appreciation of the trade-weighted Singapore dollar or
      Source: P Morgan  -  748 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      418 2 MAS likely to maintain policy of modest appreciation for S$ WHEN the Monetary Authority of Singapore issues its semi-annual monetary policy statement tomorrow, it is likely to maintain its current policy for a modest and gradual appreciation of the trade-weighted Singapore dollar, say most currency strategists. TOP STORIES,
      418 words
    • Article, Illustration
      Lock icon More than 30 properties under Raffles brand name by 2011
      748 4  -  By UMA SHANKARI [SINGAPORE] Raffles Hotels Resorts is expanding faster than planned, leading the hotel group to revise upward an early projection made just four months ago of the number of properties that will come under its wing. According to
      ARTHUR LEE  -  748 words
    • Article
      Lock icon Studies challenge views about Asian economies
      643 4 New research questions ability of Asian economies to weather US slowdown and soften effects of a global recession AFP [WASHINGTON] Asia may be the world's fastest growing region and biggest market with booming regional trade and plentiful foreign reserves, but it is still far
      AFP  -  643 words
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      340 2 Score Card Latest Logistics News: Singapore CPL now recognised in 28 countries Australia to adopt Singapore CPL for its logistics industry The internationally recognised CPL qualification is pioneered and exclusively administered by The Chartered Institute of Logistics Transport (CILT) Singapore. Today, 118 senior executives and professionals in 58 leading logistics
      340 words
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      6 2 people HR's secret weapon. Secretaries erendipity
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      216 4 t C GLOBAL BUSINESS SUMMIT FOR THE ENVIRONMENT 19-20 APRIL 2007 I SHANGRI-LA HOTEL SINGAPORE The world environment is at a tipping point Rapid economic growth and industry are major contributing factors to global warming and its effects are unstoppable. B4E, the Global Business Summit for the Environment, will be
      216 words
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      222 4 a*-r.f-v4A' -.w*. a.- '■<*. >■ WORLD GOURMET SUMMIT uniquclv Singapore H m Regarded as the pinnacle of all Chinese delicacies, superior quality Dr&cl Abakmf long been monopolized by three Japanese families, until Simon Koh Yong introduced his superior grade dried abalone. A renowned entrepreneur in the Asia Pacific Rim, Simon
      222 words
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      53 5 PENG KWEE 01 -45A 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 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01 53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards available
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      112 5 Hp; n,, IH" inllii iII'MIHMI—M i f■BQHsi BRs '*fo II «Os V k MX- U your legacy his readiness your preparations our counsel "'J. *i 'iT- <"•/' S; j'.' V, ,V' *v .v*' V:. s i ?}.r J- •>* s :V- >'- v -Ar Preparing your children for the responsibilities
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  • SINGAPORE MARKETS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1511 6 Piyntnt E> In4i fwf fm/mmai Ei liafci P«|r PipMt Em loots Jssi <«• dMt in jtui 4a* as <«$l isa*—Ms—diet—Sas_ ACEMvcwnlocam MM It-Ap >9% »J<> MuanMun I IF! 144% 174% Q6k*i ScfcsuiCorp I OR '54% 1*4% K>4% Aitaitoi I M 0*-Mvy 174% f IX »4% IM| MaunOnp S
      1,511 words
    • Article, Illustration
      Lock icon Panic selling gives way to panic buying
      653 6  -  STOCKS R SIVANITHY Senior Correspondent IT would be fair to say that many market watchers are puzzled as to how to read or interprete recent developments in the stock market. But rather than sit around wondering what's going on they are simply latching
      653 words
    • Article
      Lock icon Asian currencies mixed against US dollar
      190 6 AFP [HONG KONG] Major Asian currencies ended the week mixed against the dollar as Japanese dealings reflected concern over the US economy, but the Australian dollar peaked at a level not seen for more than 10 years. Japanese yen: The yen fell back against
      AFP  -  190 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1937 6 Consensus No.of Forecast Mean Fri's recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price (S) Allco Commercial REIT 1.33 1.33 6 5.06 25.68 1.50 1.30 Allgreen Properties Limited 2.78 2.78 9 6.76 27.38 1.48 1.85 Allied Technologies 2.50 2.50 2 1.30
      1,937 words
    • Article, Illustration
      Lock icon Boost from property stocks
      1413 9  -  TEH HOOI LING Senior Correspondent Mid-cap property stocks continued to get rerated, helping to boost the value of some of our portfolios. For example, the lowest price-to- book portfolio climbed another 4.1 per cent in the holiday-shortened week last week, making it yet again the biggest
      1,413 words
    • Article
      Lock icon Buyers lead trading in an active week
      1534 9  -  INSIDE MARKETS By ROBERT HALILI TRADING by directors and substantial shareholders was high during the holidayshortened week of April 2 to 5 with a total of 29 firms that recorded 51 transactions worth $70.6 million. The figures were not far off the previous
      1,534 words
    • Article
      Lock icon Untitled
      549 9 STRAITS TIMES INDEX STOCKS Stodi MM wn Oom Chang* StockaMM Wt dow Chang* Slock rum* Wt Oom Dam* Allgreen 0.56 1450 -0.010 JSH 1-88 13.600 +0400 STEngg 1 S3 3.460 Ascendasreit H» Z5Q0 *0050 j iardineOC 0.63 12 400 STATSChP 1.10 1.820 CapitaComm 0.56 2.710 JurongTech 004 0.920 *0080 SembCorpInd
      549 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Leading firms' top execs get higher pay
      1140 7  -  Most were paid more in 2006 than in 2005, with nearly half of execs surveyed pulling in more than $2m each. MICHELLE QUAH reports MICHELLE QUAH PAY packets for the captains of industry in Singapore got fatter in 2006, as the most prominent
      Source: Compied by BT  -  1,140 words
    • Article
      Lock icon You can make a difference at AGMs
      583 5  -  COMMENTARY It's up to shareholders to ask questions, institutional investors already have the information they need By R SIVANITHY SO THE AGM season is upon us once again. We're referring, of course, to annual general meetings those yearly occasions where shareholders of listed
      583 words
    • Article
      Lock icon Major hurdles in any DBS bid for KEB
      701 5  -  HOCK LOCK SIEW By HAN MIN CHUNG RECENTLY. DBS was reportedly trying for a second time to take over KEB South Korea's fifth biggest bank from US-based private equity fund Lone Star Funds. DBS. though, has declined comment. But assuming the Singapore
      701 words
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      58 7 Official Airline Official Brew Official Champagne 0 Lufthansa JWIML HHi CHAMPACNf. Official Cargo Official Hotel oa IWJ a.hartrodt Official Magazine Official Newspaper Official Radio Station PRESTIGE life! Class 95fm ItCSnMBUMB Official Waters PWN/y' S.PKLLK6WNO Supporting Partners WS9/ NOKIA goldzone* ■TIM Eseries LEADERSHIP mmmmtmm <PAMHANS <IGS>THEATRICAL STAGE C' UNIQUELY LTD imKtk'-
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      4 8 Cats Notices Score Card
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      3482 8 TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED (incorporated in the Kingdom of Thailand as a public company with limited liability) INVITATION NOTICE OF THE EXTRAORDINARY GENERAL MEETING No. 1/2007 5 April 2007 Attention: All Shareholders of Total Access Communication Public Company Limited Subject: Invitation to the Extraordinary General Meeting of Shareholders
      3,482 words
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  • SINGAPORE NEWS
    • Article
      Lock icon SMU school to undergo reorganisation
      334 10  -  By DANIEL BUENAS THE Singapore Management University (SMU) is reorganising its School of Economics and Social Sciences (SESS) into two separate schools—the School of Economics and the School of Social Sciences in a bid to focus its curricula at the undergraduate and postgraduate levels. "The
      334 words
    • Article, Illustration
      Lock icon Small business financing is a human-capital thing
      935 10  -  OCBC's head of enterprise banking shares his thoughts with MATTHEW PHAN MATTHEW PHAN NOT another SME banking story, you sigh. And your weariness would be justified. In the last two months it seems as though every other bank, local and foreign alike, has
      ARTHUR LEE  -  935 words
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      1850 10 Cats Notices TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED (Incorporated in the Kingdom of Thailand as a public company with limited liability) INVITATION NOTICE OF THE ANNUAL GENERAL MEETING 2007 5 April 2007 Attention: All Shareholders of Total Access Communication Public Company Limited Subject: Invitation to the Annual General Meeting of
      1,850 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Dinner fit for royalty
      1830 11 THE World Gourmet Summit (WGS) kicks off today. We check out a couple of highlights. WGS HIGHLIGHTS Kohyong Dried Abalone Promotion Jade, Fullerton Hotel Tel: 6877 8188. From April 10-13 DRIED abalones, as most know, top the list of delicacies in Chinese cuisine, but what could
      PETER KNIPP HOLDINGS  -  1,830 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon GOING FOR TECHNOLOGY
      1587 12 THIS WEEK'S TOPIC Can Singapore create a new generation of SMEs based on technology? What else needs to be done to raise the level of Singapore's SME sector? Teresa Lim Managing Director IBM Singapore A RECENT global IBM survey of 1,200 mid-market firms found that factors such
      AFP  -  1,587 words
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      42 13 nnfcfr" I ss^i^^si^ssu .i I \j7 /1 ~*jy fl ■IH A ""O 1^"-^ 11 /'llf I, r <It V '*r^ > ~-i< <■' i, ■I }1 NFs <fe ..*-JrMMgi ■/*Wit M V| :M §,</ '^Bp^MWl'.fffppwS' <&>»>yj Bflderwlbyf |fl ft fid Medium 2^ j(oiSf* Oo&l^ n^y~jg^^yjPj^jjj|j|^
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Picking out the real gems
      1017 14 HERMAN PHUA suggests some "screens" that investors can use to uncover value stocks ASK most seasoned investors what they would consider to be the biggest challenge to successful investing and more often than not. the answer J would be a person's ability to jP deal
      1,017 words
    • Article, Illustration
      Lock icon Reaching out for the university
      727 14  -  CAMPUS LIFE TAMARA MOHANAN KUPPUSAMY finds out about the responsibilities of an SMU ambassador TAMARA MOHANAN KUPPUSAMY FOR students Amy Wan and Gershon Liew of Singapore Management University (SMU), the best part of being in the university's Ambassador Corps is meeting VIPs, such as Minister
      YEN MENG JIIN  -  727 words
    • Article
      Lock icon Be smart with your finances
      207 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      207 words
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      46 14 citibank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon India's central bank applies 'shock therapy'
      637 15 But analysts say sharp anti-inflation moves unlikely to cause serious slump AFP [NEW DELHI] Aggressive anti-inflation moves by India's central bank will slow scorching economic growth but are unlikely to result in a "hard landing", economists say. The Reserve Bank of India surprised markets
      AFP; BLOOMBERG  -  637 words
    • Article
      Lock icon Moderate outlook expected for G-7
      274 15 Composite leading indicator falls to 104.9 in February from 105.1 Reuters [PARIS] Economic expansion in the Group of Seven (G-7) industrial nations is set to moderate, an Organisation for Economic Cooperation Development (OECD) report released last Friday showed, signalling a weaker outlook for the US,
      Reuters  -  274 words
    • Article
      Lock icon US takes China to WTO over copyright piracy
      209 15 AFP [WASHINGTON] The US is to take China before the World Trade Organisation (WTO) this week in a copyright piracy row, the latest of several US trade moves against the Asian giant, a report said on Saturday. The administration of President George
      AFP  -  209 words
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      61 15 Bii Hmmm -ssm i *sHs»b -^^sno^l Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a visionary point of view. Considering from the outset our clients' goals. Because our sole ambition is
      61 words
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  • MALAYSIA
    • Article
      Lock icon Astro in US$166m India pay-TV venture
      114 16 AFP [KUALA LUMPUR] Malaysian satellite broadcaster Astro is to invest up to US$l §6 million in a venture with Indian media group Maran to provide digital satellite pay television services in India. A unit of Astro All Asia Networks will take a 20 per
      AFP  -  114 words
    • Article
      Lock icon Proton has no preference between Volkswagen and GM for alliance
      248 16 AP [KUALA LUMPUR] Malaysia's national carmaker Proton said on Saturday that it had no preference between Europe's Volkswagen and US carmaker General Motors for a strategic alliance, and that the government was still looking at both proposals, according to a
      AP  -  248 words
    • Article, Illustration
      Lock icon Scrap FAZs, but stay the incentives
      665 16  -  MALAYSIA INSIGHT M'sia's IDR plan may lure investors with enough bait PAULINE NG KL Correspondent Malaysia's proposal last November to create two passport-free zones in Johor caught many by surprise. But its announcement last week that the plan would be scrapped was, in all
      665 words
    • BRIEFLY ASIA
      • Article
        Lock icon Donald Tsang to be inaugurated
        62 16 AFP [HONG KONG] Hong Kong's political leader Donald Tsang flew to Beijing yesterday to be officially inaugurated by China's top leaders for a second term as the southern city's chief executive. He will be handed the so-called "instrument of appointment" by China's President Hu Jintao,
        AFP  -  62 words
      • Article
        Lock icon Indian minister hurt in car accident
        80 16 AFP [NEW DELHI] Indian Foreign Minister Pranab Mukherjee yesterday said that he hoped to return to work in two days dfterhe was severely injured in a road accident at the weekend. The 71-year-old minister was flown to New Delhi yesterday after he sustained head
        AFP  -  80 words
      • Article
        Lock icon Alonso wins Malaysian Grand Prix
        84 16 AP [SEPANG] World champion Fernando Alonso won the Malaysian Grand Prix yesterday to hand new team McLaren-Mercedes its first Formula One win since 2005. Rookie Lewis Hamilton, F1 's first black driver, added to the McLaren resurgence by finishing second ahead of Ferrari's Kimi Raikkonen,
        AP  -  84 words
      • Article
        Lock icon China to take part in global warming talks
        76 16 Reuters [TOKYOI China, the world's second-largest emitter of greenhouse gases, will take part in negotiations on a framework for limiting global warming after 2012, the daily Yomiuri Shimbun said on Saturday. On Friday, climate experts issued their stalest warning yet about the
        Reuters  -  76 words
    • Article
      Lock icon Companies watchdog to expand scope
      243 16 It wants to use ministerial decree to investigate firms [KUALA LUMPUR] The Companies Commission Malaysia (CCM) is looking at new areas of investigation in efforts to protect the interest of the public as well as the government, Malaysia's Business Times reported. CCM wants to start
      243 words
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      102 16 I HI HdKKWIK) v> --i AhhmA^ KiHlh v H Mh> Qwy ftl-140 Hcng Lxwq Miiiy Mnpnim Bill wwwpfinMtrawLoonvco the spotlight m m fm clfl/IMAMIo mMi otlA/vWl ftr W| m tnat goes oeyona, as WBii as SingaporeB most spectacular Hk K< m mm mm m V P 1 jm VMM selection
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Chinese buyers snap up all lots at auction
      505 17 10 works of Chinese art fetch HK$128.3m AFP [HONG KONG] Chinese buyers announced themselves as a potent force in the international art market yesterday after snapping up every lot in a multimillion dollar auction here. "This is a home return," Kevin Ching
      AFP  -  505 words
    • Article
      Lock icon ICBC is China's top firm with US$1t in assets
      150 17 Xinhua [BEIJING] The Industrial and Commercial Bank of China (ICBC) has become China's No 1 company after registering total assets of more than US$l trillion at the end of March 2007. The bank, in which Singapore's GIC Direct Investments has a
      Xinhua  -  150 words
    • Article
      Lock icon Citic Bank may raise US$5.7b in IPO: sources
      591 17 Simultaneous HK and Shanghai stock sale is world's largest this year Bloomberg [HONG KONG] China Citic Bank Corp may raise as much as US$5.7 billion in a simultaneous Hong Kong and Shanghai initial public offering (IPO), the world's largest stock sale so
      Bloomberg  -  591 words
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      605 17 ISETAN (SINGAPORE) LIMITED Company Registration No. *****1177H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 36th Annual General Meeting of the Company will be held at the Changi Rooms, Holiday Inn Atrium Singapore, Level 4,317 Outram Road, Singapore *****5 on Friday,
      605 words
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      1667 17 t cur CWT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0498 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 38 Tanjong Penjuru, CWT Logistics Hub 1, Singapore *****9 on 24 April 2007 at
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  • INDIA
    • Article
      Lock icon Reliance may split SEZ into 5 zones
      445 18 Firm in talks with Haryana govt to break up 10,117-ha SEZ plan at Jhajjar IGURGAON] Trust Reliance Industries (RIL) to roll with the punches. It has already started discussions with the Haryana government over modifications to the plans for its giant special economic
      445 words
    • Article, Illustration
      Lock icon Nasdaq offers India opening with IDRs
      205 18 [KOLKATA] Nasdaq, the biggest electronic stock exchange in the US, will help companies listed on it to enter the Indian bourses by issuing Indian Depository Receipts (IDRs), says a report from the Press Trust of India. "There are several foreign Nasdaq-listed companies active in
      AP  -  205 words
    • Article
      Lock icon Citigroup in race for 49% stake in UTI Securities
      261 18 [MUMBAI] International brokerage house Citigroup, Australia's Macquarie Bank, Standard Chartered. France's Societe Generale and Kuwait-based Global Investment House are in the race to acquire 49 per cent stake in UTI Securities, currently owned by Securities Trading Corporation of India (STCI), according
      261 words
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      1117 18 v Alantac Technology Ltd ALAN TAO Company Registration No. *****1749E NOTICE tS HEREBY GIVEN that the Annua) General Meeting of Alantac Technology Ltd. ("the Company") will be held at 39 Scotts Road, Sheraton Towers Hotel, Ballroom 4, Singapore *****0 on Thursday, 26 April 2007 at 2.00 p.m. for the following
      1,117 words
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      1469 18 ASTI HOLDINGS LIMITED (Company Ragiatratton No *****1514 C) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASTI HOLDINGS LIMITED ("the Company") will be held at 25 Kallang Avenue, #06-01 Kallang Basin Industrial Estate, Singapore *****6 on Tuesday, 24 April 2007
      1,469 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Gas exporters meet at forum to discuss forming cartel
      514 19 'Gas Opec' not imminent but consumer nations are worried AFP [DOHA] The world's biggest gas exporting countries gather here today to discuss proposals to form a cartel an idea that has consumer nations worried even if it does not appear imminent.
      AFP; REUTERS  -  514 words
    • Article
      Lock icon Dubai running out of office space
      246 19 Bloomberg [DUBAI] Dubai, the Middle East's fastestgrowing city, is running out of office space, according to the commercial property broker CB Richard Ellis Group Inc. The lack of space is making it more difficult for foreign companies to profit from the sheikdom's economic boom,
      Bloomberg  -  246 words
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      568 19 Cats Notices IN THE MATTER OF TOftATA PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (Company Registration No: *****6808G) ("tho Company") AND IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) ('the Act") AND THE COMPANIES (WINDING UP) RULES NOTICE OF LIQUIDATOR TO CREDITORS AND MEMBERS OF FINAL MEETING NOTICE IS HEREBY
      568 words
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      1835 19 ASIA FOOD PROPERTIES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0619R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of Asia Food Properties Limited (the "Company" or "AFH will be held on Wednesday, 25 April 2007 at 10.30 a.m. at Holiday
      1,835 words
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      1377 19 Call 6-*****68 now Sfor Payroll Outsourcing that secure, hassle-free and timely I Payrollserve wwwitoneforestAcaxjntsxonug LUZHOU 810-CHEM TECHNOLOGY LIMITED (Company Registration No. *****2523N) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of LUZHOU 810-CHEM TECHNOLOGY LIMITED will be held at Amara Hotel Singapore,
      1,377 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Mid-East, US fund eyes Dow Chemical: report
      9 20 Reuters (London)
      Reuters  -  9 words
    • Article
      Lock icon Arcelor Mittal raises offer for Brazilian unit
      323 20 Bloomberg [BBUSSELS] Arcelor Mittal, the world's largest steelmaker, raised its offer to buy out the minority shareholders of its Brazilian unit to U555.37 billion, responding to a demand by Brazil's securities regulator. Arcelor Mittal will offer 11.70 reais (558.70) in cash and 0.3568
      Bloomberg  -  323 words
    • Article
      Lock icon Asian tourists shunning Thailand, statistics show
      434 20 AFP [BANGKOK] Asian tourists have begun turning away from Thailand, official statistics show, prompting concern that holidaymakers might be avoiding the kingdom because of its continuing political woes. The number of tourists arriving from East Asia dropped by 7.3 per cent in the first
      AFP  -  434 words
    • Article, Illustration
      Lock icon Santander, RBS plan rival bid for ABN Amro: report
      406 20 Lenders may make offer after ABN and Barclays are set to announce a deal within next 10 days Reuters [LONDON] Spanish bank Santander is working with Britain's Royal Bank of Scotland (RBS) to table a counter bid for ABN Amro, which
      Reuters; REUTERS  -  406 words
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      1452 20 FLEXTECH HOLDINGS LIMITED (Company Registration No 19P*****1C) (Incorporated in SinQapora wrtth bnßad kabttty) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Flextech Holdings United (the Company*) win be held at 25 Kallang Avenue. #06-01 Kallang Basin Industrial Estate, Singapore *****6 on Tuesday, 24
      1,452 words
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      1220 20 cur CWT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0498 M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Thirty-seventh Annual General Meeting of the Company will be held at 38 Tanjong Penjuru, CWT Logistics Hub 1, Singapore *****9 on 24 April 2007 at
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  • WORLD
    • Article
      Lock icon US IPO lawyers may seek modest class action suit
      337 21 Bloomberg [NEW YORK] Investors suing Morgan Stanley, Credit Suisse Group and other banks for rigging initial public offerings may ask a judge to certify the case as a group suit on behalf of a "modest" group of investors, an appeals court
      Bloomberg  -  337 words
    • Article
      Lock icon STOCKS ASIA
      2937 21 Transaction date: Apr 6 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG v<x Apr 4 HKS *1- '000 Aeon Credit .6.75 unch 2412 Aeon Stores .9.70 0.44 4 Angang Steel 14 56 0 62
      2,937 words
    • Article
      Lock icon Raise visa cap for high-tech staff, US urged
      524 21 Next fiscal year's quota of 65,000 skilled workers filled in just 1 day AFP [WASHINGTON] The US high-technology industry is renewing its call to expand a visa programme for skilled workers after a quota for the upcoming fiscal year was filled in
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      412 22 Growing pressure to challenge him for top party post Reuters [LONDON] British Finance Minister Gordon Brown, overwhelming favourite to succeed Tony Blair as prime minister, suffered a blow yesterday when an opinion poll showed more than half
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      244 22 AFP [LONDON] British Prime Minister Tony Blair, a self-confessed computer illiterate, last Friday launched his governing Labour Party's new channel on You Tube. in a bid to reconnect with younger voters. Although he will not be in office to seek the more computer-sawy youth
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      Lock icon Clinton, Giuliani lead race: polls
      680 22 EYES ON THE WHITE HOUSE Opinion surveys set perceptions of the race among media and voters AFP [WASHINGTON] Latest polling in the 2008 White House campaign shows Hillary Clinton leading a three-way race for the Democratic nomination, while Rudolph Giuliani heads the Republican field, with
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      168 21 Following the success of the 11 th World HR Congress, SHRI is proud to bring you the Singapore HR Congress Business-Connect Exposition 2007 HHH Guest-of-Honour Mr Lim Swee Say Secretary-General, National Trades Union Congress, and Minister, Prime Minister's Office Keynote Sessions V>f"' CEOs and Business Leaders Forum by Kelly Services
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      287 21 to |g 4§|| Hp- i& tjk MBBBBBW \?\&y£k *T| Yes! I would like to subscribe to 1 year of The Business Times at $265. Name: (Mr/Ms/Mdm): NRIC: Address: Postal Code: Contact Nos.: (H) (0) (Hp) Occupation: Email: Are you a current subscriber? Yes/No If Yes, please state the newspaper(s) subscribed:
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      101 22 Best fares Diners Club Card To apply, call 6416 ***** A World of Exclusive Privileges Treats Diners Club J wuM.Jmers.com.sg International- Good gains Andersen's *5 Andersen's of Denmark Ice Cream 5 Shisha Lounge Bar led Cream Ang Mo Kio Hub Marina Square, Tel: 6334 4727 Parkway Parade Square 2 Suntec
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      5 22 Andersen's of Denmark Ice Cream
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      2 22 Gato Negra
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      54 22 Gourmands have described the succulent white meat as the epitome of exquisite taste from the sea. Take this opportunity to submerse yourself in the taste of imported South African Abalone stewed with sea cucumber ($22.80 or Braised Shark's Fin topped with Abalone ($26.80 for a gastronomically aquatic experience. Dinner: Daily
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  • AVIATION/SHIPPING
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      Lock icon Marseille strike leaves 17 ships still unloaded
      357 23 2 1/2 week walkout may hurt future and reputation of the French port Bloomberg [PARIS! The Marseille port authority said 17 ships were still waiting to be unloaded at terminals following a strike that paralysed traffic for 2 Vfe weeks. The vessels, including
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      Lock icon Greek cruise ship captain charged with negligence
      254 23 AFP [ATHENS] The captain and five officers of a Greek cruise ship that sank in the Aegean Sea were charged with causing a shipwreck through negligence on Saturday, Net state television reported. A prosecutor on the Aegean island of Naxos also charged the
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      Lock icon Chinese jet-maker targets 60% of domestic market
      385 23 AP [SHANGHAI] China s first home-built commercial jet is expected to grab up to 60 per cent of the domestic market for mid-size regional airliners over the next 20 years, the company's president has said. China recently announced plans to build a large
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      Lock icon Pirates free two ships seized off Somalia
      347 23 AFP [NAIROBI] Pirates have released a UN-chartered cargo ship and an Indian vessel they captured in the unpatrolled waters off the coast of Somalia, a maritime official said Saturday. Andrew Mwangura of the Seafarers' Assistance Programme said the hijackers freed the MV Rozen
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      Lock icon Aeroflot plans talks on Alitalia bid: report
      248 23 AFP [MOSCOW] The Russian airline Aeroflot is to hold talks this week with Air France-KLM on a possible joint bid for the troubled Italian carrier Alitalia, the newspaper Vedomosti reported on Friday. Vedoniosti also quoted a source close to Aeroflot as saying that
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2311 23 cm mat ita hhh m Oh» MMM 5Q455 1230 Ailtalfc LM9771 1750 LH>770 2345 SQ268 1750 SQW MiHirlw L***** 0630 AZ3993 2245 SO323 0630 KL838 2245 AZ3992 1555 L***** 2345 *H37 1555 SQ324 2345 1 SQ348 0100 «B AC5202 2335 AC5203 0645 UA895 2335 UA896 0645
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  • Page 23 Miscellaneous
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      348 23 CRYPTIC CROSSWORD I'm leader so bad there's dis9 Drunk sat moaning, showing Hi opposition (10) LmJ— "■■■""""■B 10 Short page, material for home- H 13 Trendy type tucked into chips sea aviator (6) Lh| Ihm 16 Fish in earthy deposit at first (6) 17 Like important business (only minutes earlier?)
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  • Article
    Lock icon SINGAPORE STOCKS
    11950 24 SGX MAINBOARD Week ended: Apr 5 52-Wk Tel Last Vol Week Last Quote Dtv GrYld Net MCap High Low Code Company Sale (*000) High Low Buyer Seller Cvr P/E SmM 35 2 5716 1st Software 2 susp 81 11 5 6 3148 STelecom 10 unch 2197 10.5 9.5
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      35 24 Trade from 20% deposit (S x leverage) on most stocks Qo long or short Competitive financing rates In aN markets Access to Asian, US, Euro stocks Select Exchange Itaded Funds and Indices Competitive Commission charge*
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    5326 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy Syr Apr 6 Index Change Change Change Change Change Change World Index Preliminary 1136.5 0.0 3.3 0.0 2.5 0.0 3.9 t EAFE Preliminary 1154.7 -0.1 4.3 -0.1 4.1 -0.1 5.6 Europe
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      118 25 Harness the Energy of Training. Courses Coming to Singapore! >» Principles of International Oil Trading International Oil Trading A Practical iL 9-12 May 2007 Approach to the Legal Issues for Successful [Li Management of Claims and Disputes International Oil Trading 16-18 May 2007 Advanced Techniques and Strategic Energy Risk Management
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      4128 26 Cats Notices CHINA FOOD INDUSTRIES LIMITED Company Registration No. *****7537 D (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 No. 224 Pandan Loop, Singapore *****1 on 24 April 2007 at 9.00
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      1040 26 SHINING CORPORATION LTD NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of SHINING CORPORATION LTD (Registration No. *****4729G) will be held at 11 Changi South Street 3 #04-01, Builders Centre. Singapore *****2 on Wednesday, 25 April 2007 at 10.00 am, for the following purposes: AS ORDINARY BUSINESS:1. To
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      4252 27 Cats Notices C Compact Compact Metal Industries Ltd COMPACT METAL INDUSTRIES LTD Registration No. *****0009H (Incorporated in the Republic of Singapore) (the "Company") Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirty-Second Annual General Meeting of Compact Metal Industries Ltd will be held at 120 Pioneer Road,
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      2119 28 Cats Notices /9 iIE. PH CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (Incorporated in the Republic of Singapore) Company Registration Number *****1278 D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (the "Company") will be held at Meritus Mandarin Singapore,
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      1822 28 sing mn SING LUN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****8318K NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at 30 Marsiling Lane, Singapore *****9 on Wednesday, 25 April 2007 at 3.00
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      968 28 M THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HARVEY HUBBELL S.E. ASIA PTE. LTD (RCB No. *****1500Z) M MBUBB& VOLUNTARY UQUDATKM At an Extraordinary General Meeting of the Company convened and held at Orange, Connecticut, United States of America on 28 March 2007 at 8.45 a.m., the following resolutions
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      865 29 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMNALB/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 Des,ination Destination PAN DYNAMIC ADN/JDH/BJA i/"y~ Tl I PI AM IKJ/~/dckj VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia
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      4 29 Place your ad here
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      1422 29 [WffIBAHA RORO WKVKI yissa/vor ramped hbghtw to km lq i sw jkt STRAITS EXPRESS 7 30 4.0 01/04 05/04 01/04 10/04 TOUTS OKBSI 30 4.0 15/04 l*/04 22/04 24/04 [AUSTRALIAN KOKO SERVICE 1 vesa/vor Samp?}) hbghtw i lco i sw i ori syp m m m MESDEN /042 100 5.0
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      1608 30 WAN HAI INTERNATIONAL PTE LTD a NO: uwswoooo/i VTrA |~A |||b« T1L*****588 (MUNIS) FA******163 \\\M 1 WAN HAI I INFn Wvta/Booldngi Oir*ct Una (1800) *****200 11V I Iffll I l#ll blllbl# PKI 1H: (03) J344U11 fiUt (OJ) JJ4232M fW IH; (04) ?245W0 HUL (04H2HW V- MMSMNiMMi ■mMMinanvMi www wonhai cam
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      1401 30 1? A CTI?DM PAD I TIMFD TTY lu 9* A JtLr\k3 X V/rVK JLJK.) lu X\J ll m I SPECIALIZE IN ROUP 4 HEAVY UFT UPTQ4SO TONS vot R—fltn um-orn Isw I pki I rww I jkt 1 su» I to "1 Bib uwas S fftlS 757W am I 11
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      779 30 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa w I siw I rjoAwc I coiQMto hsmew Icouhmo KOTA PAIItAWAtI TTHQW MATH HUI MATS 12 AH ItAlt howmhm mi ima_ 11 atk nvi HAfK a m MUfgWM TTWIO3 17 AW II Aft 7IAW 25AW
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6909 31 ETA ETA J&nm-tum Vessel Voyage Telephone SB Dafi Haw Dane Numoer Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 28AM 01/06 DHmas DELMAS KERGUELEN 718W *****344 28/04 06/06 Detoias DELMAS KERGUELEN 718W *****344 To ADELAIDE (ADL) 2007 Australia 22AM 11/05 ChmaShpg ANl WINDARRA 002S *****698
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      475 31 [VESSEL VOY PKL I SIN KHI PXB BAB DMM BIK KHO IRAN BAABAEI PCLSI92 04/04 05/04 U/04 17/04 18/04 24/04 26/04 24/04 IRAN S ATTAR I PCLBI93 08/04 09/04 18/04 21/04 22/04 28/04 31/04 02/05 IRAN TARATAEAEI PC***** 16/04 17/04 26/04 29/04 30/04 06/05 08/05 10/05 I VESSEL VOY SIN
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      492 31 MCWMM mi WW ifL PKMfTAN 9393 ***** ma =i^=ijl= ilg= ass =gg==HS=^l= fk mm mm n/M n/M fkwtai gg nm urn TOTOFJT HRBTi WB T$H -RRTOSa $5* TT7H TI7H WHJFIT FWJ7T JT/fi 1370 MCUKIA 5337 177W N7W NKWMT HJ575 B7HH/S WUNOU 1131 H7W H715 IpKIUWF FM373 05/05 07/ is wESStA
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      289 31 fm GLORY IMVMUITMRI GROUPI I SINCE 1970 I I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING I I THE ENTIRE ASIA PACIFIC PORTS I I I a REGULAR WEEKLY SRVKXS: a KAOHSIUNG A CHINESE PORTS, HONG KONG I TO FROM I I
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  • BizIT
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      Lock icon Singapore facing IT manpower crunch
      548 33  -  Technology firms hardest-hit as Republic's emergence as regional IT hub sparks huge demand for talent, reports WINSTON CHAI WINSTON CHAI SINGAPORE'S burgeoning technology sector may be a sales boon for IT companies, but many of them are now facing the bane of a manpower drought
      548 words
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      Lock icon <what's up>
      662 33  - &lt;what's up&gt; Compiled by WINSTON CHAI Synovate strengthens S'pore management team SYNOVATE, the research arm of the Aegis Group, has promoted Darren Smith to general manager of its local subsidiary. In his new position, he will oversee all operational and financial aspects of the firm's customised research division in Singapore.
      662 words
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      Lock icon Sony to quit three-way microchip development agreement
      282 33 Reuters [TOKYO] Sony Corp said on Saturday it has no plan to pursue further development of advanced microchips in a three-way pact with NEC Electronics and Toshiba, in a potential blow to the Japanese chip sector's bid to join hands to better compete
      Reuters  -  282 words
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      Lock icon Oracle to open its fifth branch in China
      187 33 Xinhua [XI'AN, China] Software giant Oracle is to open its fifth branch in China's Xi'an, capital of north-western Shaanxi province, an ambitious move to strengthen its presence in China's vast western market. The company will work with local partners to develop IT
      Xinhua  -  187 words
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      Lock icon S'porean to become HP's China chief
      272 33 Reuters [SHANGHAI] Hewlett-Packard Co's China president Sun Zhenyao has resigned and will leave the company at the end of May, sources close to Mr Sun said on Saturday. Fu Biaobang, the former China president of Dell, has agreed to take over from Mr Sun
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      Lock icon Telcos may offer more service bundles
      880 34  -  Deloitte report says IPTV's success in Singapore will depend on differentiation from traditional TV, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AS THE lines between media and communications become blurred, more Singaporean companies will offer multiple services to satisfy consumer needs, professional services firm
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      Lock icon Major trends in technology
      405 34  -  By AMIT ROY CHOUDHURY DELOITTE'S Technology, Media Telecommunications industry group's 2007 report is a global assessment of the major trends in the technology, media and telecommunications industry. Major highlights of the report include: Technology Simplifying the user interface: Over half of all devices returned to retailers
      405 words
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      Lock icon Epson wins preliminary round in patent case
      123 34 Xinhua [BEIJING] The US International Trade Commission (ITC) has found in Epson's favour over an ink-jet cartridge patent infringement complaint. In February 2006, Epson filed the complaint with the ITC claiming that 24 US, Korean, German and Chinese companies were infringing its patents.
      Xinhua  -  123 words
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      1175 33 25TRRCD corpohbTion limited STRACO CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****3482R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Amara Hotel Singapore, 165 Tanjong Pagar Road, Singapore *****9 on 24 April 2007
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      394 34 Screen Images are XmiiaWJ ***** Samftrg Becdonics Co. UM. Sftftfe-. mBB| iaMft jjAjjfeßlßaM ;«liH j Tr HHH ss ".cz. TSBs®Eto2Ss"3|^^?. tei -t 1 a*****"'' WllSifeV" Sifr-' v,; Bjp J& tfj&yg 1 Imagine the perfect widescreen monitor designed for Windows Vista™ The Samsung SyncMaster Wide Monitor series were developed, right from
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      8 34 TALENT HUNT Singapore facing IT manpower crunch PG33
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