The Business Times, 16 April 2007
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2007-04-16
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The Business Times
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Title Section44 2007-04-16 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://biJsiness-times.asial.com.sg •m A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Monday, April 16,2007 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg Jr A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Monday, April 16,200744 words
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Advertisement141 2007-04-16 1 ON TRACK FOR SUCCESS Get a uni degree 8 M to go? "I started as a part-time crew at 14, while still a student. Today, I handle "'0 4, restaurants. I'm thankful for working in a company that has faith in me and takes care of my individual development I141 words
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Advertisement89 2007-04-16 1 TOPS FOR TRAINING McDonald's makes it to lop 125 list of the most elite Fortune 500 companies for training learning development mi WkM, C.. HlN<' T 'Vk. /£^WMBIBBBBI||BM^^^M Hm, HNnMHNM Who wouldn't like a good challenge? "Working hers Ins made me more tolerant and open to receiving feedback. I am89 words
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Advertisement136 2007-04-16 1 PEOPLE POWER McDonald's takes Hewitt's 2007 ULIJ| Best Employer Award f 5 f V J?';W^Wm^J ■PtnFs B Htefe. >H HM^^^^^RL r >lk> v* W I'' Fmi "I enjoy putting a smile on each customer's face and I believe that every challenge presents an opportunity. In my 24 years here, I've136 words
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Advertisement2162 2007-04-16 2 20~ world of a track to reach for the stars W\ rr II li IT I S ll|| 1J 1 The dero«torv 1990$ term Mclob is something that However McDonald's would like to give its people the The next step would be into a management role as DEPARTMENT of McDonalds2,162 words
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Advertisement1164 2007-04-16 3 R Given opportunity to excel in China Gan Chong Siew Lynn Tan s career with McDonald's has brought her from Barely over a year passed before another step-up in her starting as a crew member over twenty years ago to Vice rapid career rise. In December 2006, she was promoted1,164 words
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Article, Illustration1218 2007-04-16 1 ARTHUR SIM - Biggest gains seem to be in collective sale market but better to base decision on rental yields, say analysts By ARTHUR SIM [SINGAPORE] At the end of last year, most analysts tipped property prices to rise about 10 per cent in 2007. But1,218 words
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377 2007-04-16 1 ROLAND LIM - By ROLAND LIM [SINGAPORE] Property buyers and sellers can now log on to Nation Property (www.nationproperty.sg), a real estate portal officially launched on Saturday by SISV Services which boasts some 44,000 residential property listings. At the portal, users can get the latest property377 words
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Advertisement44 2007-04-16 1 HEDGE FUNDS Billion-$ pay packets fuel bubble fears PAGE 31 HEALTH CHECK Should fee. guidelines be amended or scrapped altogether? PAGES 10,11 COMMENTARY 'How should roadshows' disclosures be regulated? PAGES WALL STREET INSIGHT: Market remains bullish as it awaits big earnings week PAGE 344 words
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Advertisement9 2007-04-16 1 BizlT Retail SMEs to increase IT spending PAGE 409 words
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Advertisement46 2007-04-16 1 WORLD^GOURMET Gastronomical adventures for the palate pages 21-25 -aiF THE GOOD BOSSES Profiles of some award-winning companies S^l'F^t H r^ mm m m $q3N|hhh m iu II I m 4 V' x'-"' 11-4" j 'j'i'i -S- -> JSpf• Zrx^EiJßl£^UuUCs4SiSsiS^D y*i■ I jb^^l .7".tv* r H Br -^U46 words
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TOP STORIES
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Article, Illustration496 2007-04-16 2 TAMARA MOHANAN KUPPUSAMY - Standards set for industry here will gain global recognition soon By TAMARA MOHANAN KUPPUSAMY [SINGAPORE] Singapore is well placed to become a regional business continuity and disaster recovery (BC/DR) hub, says the executive director of Disaster Recovery Institute Asia. The Republic has496 words
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Article429 2007-04-16 2 PT Raflesia rebuts Gallant's claims about lawsuit AN Indonesian company which had sued Sesdaq-listed Gallant Venture over land on Bintan Island has produced documents that it says proves it's the rightful owner of the land in dispute. Among them are invoices and tax payment receipts showing that PT429 words
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324 2007-04-16 2 [SINGAPORE] To meet the increasing demand for workers in the construction industry, the government may relax rules for hiring foreign construction workers. According to a Channel News Asia report yesterday. National Development Min- ister Mah Bow Tan said: "Ministry of Manpower324 words
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Article165 2007-04-16 3 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account. MARKETS Week Chge STI 3373.59 +27.73 KLCOMP 1308.20 +29.28 NIKKEI 225 *****.95 -120.83 HANG SENG *****.97 ...+131.26 SET165 words
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734 2007-04-16 3 ANDREW MARKS - WALL STREET INSIGHT Stronger than expected results seen at top firms By ANDREW MARKS in New York US stocks continued their phoenix-like rise from the ashes of a late winter swoon last week, with all the major averages now having wiped out734 words
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814 2007-04-16 3 MICHELLE QUAH - It produces 3 sets of documents to show it owns disputed land in Bintan By MICHELLE QUAH [SINGAPORE] In a thickening of the plot, an Indonesian company which had sued Sesdaq-listed Gallant Venture over land on Bintan Island has hit back at the814 words
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Advertisement300 2007-04-16 2 Q&A Wealth to Last Many Generations, Not Just a Single Lifespan q Why do I need wealth management? q What are the risks? A Allow me to start by asking if your wealth legacy A There is risk in any investment. It is our is built to last successive generations?300 words
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Advertisement104 2007-04-16 2 people Do we know K K you? (Register with us today) WW/, thppeoplontwork com Asia Pacific Executive Search T x*s IjeStaTODt .7T~^P I BRAZILIAN CHURRASCARIA I Aircon Alfresco Dining Experience! I lOne-for-One Buffet Lunch Dinner I I Lunth: $15.90+++ (6 items with full salad bar) I I I Dinner: $32.00+++(12104 words
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Advertisement58 2007-04-16 3 Commentary: The 'R' word and the'S' word page 6 fl >Ti?§S3sSBJ(M ~">• r v#- V, v vs We look at things from a different perspective for the benefit of our clients. By building on our experience and expertise globally, we help our clients realize new opportunities. This has been our58 words
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Advertisement186 2007-04-16 4 gS&fcH I I K t s v i pp? k y yL B |»V ]?<4* ifjffiJtfeft'i iiai Iff- gs^^M You can't tame the city in 96 hours. But you can try. Our serviced residences place you in the heart of key cities across the Asia Pacific and Europe so you186 words
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COMPANY NEWS
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751 2007-04-16 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IN A "buy" report on Chi-na-based utilities/waste water treatment firm Sino-Environment Technology released last Monday, a foreign bank said it had recently taken the company's management on a roadshow to meet more than 42 investors in Europe during751 words
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233 2007-04-16 5 IPO WATCH Reuters SHIPPING trust Rickmers Maritime is set to raise as much as $275 million in its Singapore initial public offering based on its indicative price range of $1.41 to $1.62 a unit, a source told Reuters. German shipping firm Rickmers GroupReuters - 233 words
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Article, Illustration569 2007-04-16 5 It's also confident its new product will boost profits PINE Agritech Ltd, a China producer of soy-based health foods and food ingredients, is setting its sights on another record earnings this year on hopes of increased orders from its masterPINE AGRITECH - 569 words
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321 2007-04-16 9 [HONG KONG] PCCW's deputy chairman and managing director Jack So, who will leave the company at the end of this month, sold 21.9 million PCCW shares to chairman Richard Li for about HK$lO3 million (Ss2o million), the South China Morning Post reported a321 words
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536 2007-04-16 9 MATTHEW PHAN - It expects STI to hit 4,000 as new investments worth $18b pour into economy By MATTHEW PHAN THE Singapore market will continue to rise and re-rate upwards, even though it has already risen strongly over the last 12 months, JP Morgan said in536 words
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371 2007-04-16 9 NICHE property developer Hiap Hoe Ltd expects to sustain profitability in the next few years on the back of the robust housing demand in Singapore, managing director Teo Ho Beng told XFN-Asia in a recent interview. "We are very confident371 words
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Advertisement18 2007-04-16 5 Overwhelmed by Impending CPF changes Employee Tax Filings? 1 ff] j i |T*a It] I gr| iTwihlltlLfl 418 words
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Advertisement221 2007-04-16 5 IHIIHHI liW IMIiIHtW Ijl d —MH>WI lIBMi I "JMi "M i > 1 mini I HHi 1 i in' I I 1 H I fffcriWl't'T I Citadines Suzhou Xinghai Now in the heart i of the city. 2fliL I Studio at RMB 350* per night I Studio at RMB 470*221 words
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SINGAPORE MARKETS
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Article2281 2007-04-16 6 Beeta Pe^ 8Telecom Irrtl F US0102TA 03 My 08 My IB My AAGrp y IjQI 27% 14-XI»» abr Hwgi r gjo mmi 114% 2h% ABR Hldgs S 030 004% 114% I04% ACE Achieve Infocom f 0-ltt IMpr IMpr IMpr Action Asia > OiO 03 My OOMy 17 May2,281 words
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Article, Illustration661 2007-04-16 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent n Wall Street, no one wants to hear the "R" word for recession; everyone wants to believe in the Goldi- i locks scenario of an economy that's not too hot and not too cold. In Singapore, no one661 words
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257 2007-04-16 6 AFP [HONG KONG] Major Asian currencies gained against the US dollar and the Australian dollar peaked at its highest level for 16 years, pulling the New Zealand currency upward in its wake. Japanese yen: The yen ended last week at 118.58 to the USAFP - 257 words
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Article, Illustration1913 2007-04-16 6 Consensus No.of Forecast Mean Fri's recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allco Commercial REIT 1.33 1.33 6 5.06 25.48 1.50 1.27 Allgreen Properties 2.78 2.78 9 7.04 26.29 1.54 1.85 Allied Technologies 2.50 2.50 2 1.30 9.23 0.141,913 words
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Article, Illustration1405 2007-04-16 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent Penny stock punters had a party last week even as investors turned circumspect on blue chips. For the week ended April 13, 2007, the Straits Times Index edged up only 0.8 per cent while the UOB Sesdaq1,405 words
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Article, Illustration1684 2007-04-16 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI SELLING activity was high while buying was low for the third straight week. Purchases were particularly low last week with only 18 shareholders of 16 firms recording 33 acquisitions worth $34 million versus 20 shareholders of 161,684 words
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Advertisement202 2007-04-16 7 ■L 7. JK? 1 flf I.Mt .Ay m areWre-feassii ''t .Ict' k J s'-fi JHg|W 9#," V J 11 H &K;,; I Best Kept Secret I B NTUC Income goes transparent and unveils high actual yields B B We are able to deliver high yields year after year because of202 words
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Advertisement1232 2007-04-16 9 1 t* iWWHWIIBiHIMMM {BBSHmjI I (a unit trust constituted on 5 December 2006 under the laws of the Republic of Singapore) I v. MacarthurCook Industrial REIT ("Ml-REIT") is a real estate investment trust established in Singapore with the principal investment objective of owning and investing in real estate throughout Asia1,232 words
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VIEWS FROM THE TOP
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Article, Illustration1725 2007-04-16 10 THIS WEEK'S TOPIC How should professional bodies approach fee guidelines in the light of the Competition Act? Are the needs of the general public better served by amending such guidelines or should they be scrapped altogether? Alvin Yeo Senior Counsel Senior Partner, WongPartnership THE concernPhoto: Stock XCHNG - 1,725 words
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Advertisement143 2007-04-16 10 f celebrates all others. Have you just organised a spectacular business event or offered w an excellent business event service that everyone keeps talking JliteJilf |P about? The inaugural Singapore Business Events Awards 2006 i| is a platform to acknowledge great achievements. It celebrates and rewards the best of business143 words
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Advertisement28 2007-04-16 11 i y Certify with SAM Adv• i ntage for P e^ ce °f mind of one-year protection are I 1 c e se c o i n r28 words
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SINGAPORE NEWS
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Article, Illustration572 2007-04-16 12 HAN MIN CHUNG - Most are working here or have children who are studying here By HAN MIN CHUNG MORE Koreans are looking for private residential property in Singapore. And though the number who have bought is small, it is growing. Most buy property to liveFILE PHOTO - 572 words
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Article214 2007-04-16 12 GLOBAL Brands Group (GBG) has announced it will be opening a new Fifa World Official store at Changi's Terminal 3. The brand management and licensing group says the store will sell football themed merchandise in addition to Fifa branded products. "Fifa World is214 words
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368 2007-04-16 12 ByTAMARAMOHANAN KUPPUSAMY WHILE the focus of the business continuity and disaster recovery industry (BC/DR) has so far been on helping companies maintain their data and operations during emergencies, staff safety is fast emerging as a major concern. This is according to International SOS368 words
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Advertisement98 2007-04-16 12 7 y ix,-/,:, I (Ji-mii. ilf >< jir.. i ,ilfl< I 11< IM.i/., Diners Club Card To apply, ca*****6 0980 I A World of Exclusive Privileges Diners www.drners.com.sg International' jfr BRING IT ON S&Jf Prepare to tackle a mouth-watering selection of freshly prepared cqisine at our new Cafebiz. Indulge in98 words
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Advertisement248 2007-04-16 12 EVENTS LISTING DATE/ TIME EVENT VENUE 16 Apr 07 SMU-'How To Be A Private SMU, Lee Kong Chian 7.00pm Banker Managing The School of Business, Assets of The Wealthy in Networked Seminar Asia' Room 2.1,50 Stamford Road 17-18 Apr Managing Challenging Effective Outsource 07 Customers Professionally Networks 9.00 am 18248 words
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BEST EMPLOYERS AWARDS
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Article, Illustration835 2007-04-16 13 VINCENT WEE - At the Four Seasons Singapore, people come first, then product and then profit, VINCENT WEE reports VINCENT WEE IT'S quite a revelation when the general manager of a multi-million-dollar five-star hotel declares that the only real asset he has is people. But this immediately gives an835 words
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Article, Illustration858 2007-04-16 13 VINCENT WEE - By VINCENT WEE MCDONALD'S is a company that prides itself on being forever young. It has managed to turn itself from what many people thought of as a sunset industry into one which people are excited to join. But being such a858 words
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Article, Illustration741 2007-04-16 13 TETTYANA JASLI - By TETTYANA JASLI IT's a rare company that manages to inspire 80 per cent of its employees to say they are proud to work for it, with fewer than 10 per cent «ver thinking of leaving it. It helps that741 words
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DIAGEO celebrates life, responsibly
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Article, Illustration913 2007-04-16 14/15 Diageo Asia-Pacific bags Best Employer of the Year award for its inspiring work environment and an open company culture T IS hard not to have heard of one of /-•t Diageo's brands even though many people would not know that they all fall under913 words
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903 2007-04-16 14/15 IT'S a hip place to work where ideas and challenges flow freely that about sums up much of the reason why Diageo Asia-Pacific is one of the Best Employer of the Year awardees. Of course, the fact that Diageo is the world's biggest alcohol beverage903 words
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Article, Illustration656 2007-04-16 14/15 AS THE world's leading premium drinks business, with six of the top 10 premium spirits brands managed by them, Diageo faced the challenge of setting standards for responsible marketing, while at the same time defining a sustainable place for alcohol beverages in the societies656 words
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Article, Illustration217 2007-04-16 14/15 The Singleton of Glen Onfc The Singleton of Glen Ord is being introduced around the Asia-Pacific region and offers a naturally rich, well-balanced and smooth taste demanded by the increasing number of discerning Asian malt drinkers. Asia first to launch Johnnie Walker Blue Label King George V217 words
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Article, Illustration534 2007-04-16 16 VINCENT WEE - VINCENT WEE looks at the factors that led to UPS being named Best Employer three times in a row VINCENT WEE A COMBINATION of corporate culture and unique human resource policies is the reason why United Parcel Service has been named Best Employer three times in534 words
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1156 2007-04-16 16 NOORA ALSAGOFF - By NOORA ALSAGOFF WHEN Hewitt Associates launched the Best Employers in Asia 2007 study last year, 750 companies representing 1.7 million employees across Asia stepped forward to register for participation. This compares with 250 organisations that participated in Hewitt's previous study in 2005. What1,156 words
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Article1608 2007-04-16 16 NOORA ALSAGOFF - Singapore's best employers may hail from diverse backgrounds but they have in common winning characteristics that all organisations can emulate. NOORA ALSAGOFF shares the details NOORA ALSAGOFF HALF of the 2007 list of Singapore Best Employers is made up of hotels, going to show that1,608 words
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Article, Illustration623 2007-04-16 18 CHRISTINE SIM - Singapore Food Industries believes its employees are an integral part of its value chain. CHRISTINE SIM reports CHRISTINE SIM SINGAPORE Food Industries Ltd (SFI) is among Singapore's Best Employers again because its management is well aware that its business has a high dependency on people. "PeopleFILE PHOTO - 623 words
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Article, Illustration797 2007-04-16 18 VINCENT WEE - By VINCENT WEE WITH more than 1,000 guests staying in the hotel every day, it is like a small village. When they come from all over the world and are of different cultures and have different expectations, there are bound to be challenges. An797 words
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Article, Illustration586 2007-04-16 18 CHRISTINE SIM - By CHRISTINE SIM THIS is not the first time Raffles Hotels and Resorts has won the Best Employer award. But what makes this win significant is that it won the award even as it faced the challenge of merging its hotel chain last year with586 words
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Article, Illustration624 2007-04-16 18 TETTYANA JASLI - By TETTYANA JASLI AS THE general manager of the RitzCarlton Millenia. Allan Federer has a variety of duties he oversees all hotel operations and leads the 720 hotel employees under him while ensuring that the stellar reputation of the hotel624 words
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Advertisement72 2007-04-16 17 A fIHHH X"' <d 3& f fM -vlk. A#- I ■*'*-A WBSSkk t a ..,^:Vy > ,> iaM 1 Ci* w Shangri-La Hotel, Singapore. Awarded "Best Employer in Singapore 2007" by Hewitt Associates. Our people are our single most important asset. Which is why we take immense pride in making72 words
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Advertisement115 2007-04-16 19 •yaaa^^gjß|gggE^ja^jrosategtt BnliH^H^^H' .jyafIBBBBBBHIEIBiXb^^^^^^^^BBI ;|m* spiL" j^jntw J^^H^mmbswui H v r9 wß]jfl V TB «k K» jKLla^ -.J =M- i? v v.t r:.■• it sm ;.:-r ~Vj; Our uncompromising commitment to excellence has won the k i. 'v- p*rr *ge< *:,'*-s :v ">>:. y-* 4 j hearts of our greatest advocates.115 words
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Advertisement65 2007-04-16 20 a Think short term less ,X. globalbusiness.ups.sg Tired of stopgap solutions? Let UPS power your global business with long-term solutions. Apart from express delivery services, UPS can support your global business by providing inventory management and supply chain solutions so you can save time, cut costs and speed up cash65 words
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DINING OUT
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Article, Illustration1889 2007-04-16 21 JAIME EE; CHEAH UI-HOON - Just because Singaporean foodies are now eating out of the hands of top visiting chefs doesn't mean that restaurants on our home turf are twiddling their spatulas. World Gourmet Summit partner restaurants have also come up with special menus this week. JAIME EE and CHEAH UI-HOON1,889 words
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Advertisement147 2007-04-16 21 RESIDENTIAL CHARM ABOUNDS This Secretaries' week As Raffles Hotel celebrates 120 years of legendary hospitality, a melange of dining options will charm deserving secretaries during their special week from 23 to 27 April 2007. One lucky secretary shall win an exclusive 120 th Anniversary Personality Suite Package with 2 nights147 words
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Advertisement131 2007-04-16 21 D■O■M I 7 S the Itiili.in Iyc^t.iur.int 1 *jt }f i J hm, i Ecco il nuovo DOMVS! Presenting the brand new DOMVS Get reach to savour Chef Lino s inimitable Italian cuisine served with Sicilian sizzle. Accompanied by an extensive array of the finest Italian wines, DOMVS offers you131 words
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Page 22 Advertisements
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Advertisement184 2007-04-16 22 V You may nominate yourself or others in one or more award categories. Visit www.nvpc.org.sg/awardso7 for details and nomination form. f y For enquiries, please call Esther Tan at 6550 9588 or email esther@nvpc.org.sg. nvpc B National Volunteer ft Closing Date: 30/04/07 www.nvpc.org.sg Transform your workplace with the new Samsung184 words
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Advertisement138 2007-04-16 22 THE BUFFET Level 2, M Hotel Fire It Up Speciality broths are brewed for hours to perfection. The freshest ingredients, savoury sauces and quality condiments are selected and prepared daily. Chefs dish out Drunken Prawns at our LIVE cooking station on demand. Turning up the heat has never been this138 words
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WORLD GOURMET SUMMIT
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Article, Illustration519 2007-04-16 23 GEOFFREY EU; JAIME EE - GEOFFREY EU and JAIME EE train the spotlight on some of the chefs to look out for during the World Gourmet Summit GEOFFREY EU and JAIME EE HEINZ Winkler has a habit of making culinary splashes at major food events in this part of519 words
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Article509 2007-04-16 23 RETO LAMPART Gordon Grill April 23 to 27 THE second two-Michelin star chef to make an appearance at the WGS, Chef Lampart creates culinary art in Switzerland at his aptly named restaurant, Lampart's Art of Dining, in the village of Hagendorf just 40 minutes from509 words
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Article1021 2007-04-16 24 N K YONG - This year's wine programme offers such a magnificent array of wineries, vintages and presenters that it will be difficult to top in future, says N K YONG N K YONG THERE are those who say Singapore's wine market is too small for so many wine festivals.1,021 words
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545 2007-04-16 24 MODERN Chinese cuisine seems to be a hit in mainland China, and surprisingly, part of the movement seems to have been sparked by Singapore restaurateurs. One of them would be the Tung Lok group, which first opened My Humble House in Beijing and has since followed that545 words
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Article, Illustration262 2007-04-16 24 FOR three weeks, the World Gourmet Summit (WGS) brings fine cuisine, great wines and unique experiences to gourmet enthusiasts. However, what's not on the WGS calendar are several exclusive events reserved for Centurion cardmembers and American Express employees. This year, in celebration of262 words
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Page 23 Advertisements
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Advertisement260 2007-04-16 23 gordon grill Goodwood Park Hotel proudly presents Two-Mlchelin Star Guest Chef Reto lampart of tampart'i Art of Dining, Switzerland 23 27 April 2007 (.c»r>dwood Kirl? Motel's Gordon Grill Is proud to host Two*Mlehelin Star Guest Chef Reto Lampart (rum Switzerland for tb« World Gourmet Summit 2007, known for his sMIh260 words
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Advertisement159 2007-04-16 23 Some prefer air-flown ingredients; we've flown in the chefs. Intrigued by the prestige of Le Cordon Bleu, the opportunity to investigate three renowned masters from the institution at Global Kitchen was not to be missed. The culinary mastery was exceptional; Chef Yannick Anton and Philippe Clergue's intriguing appetizers preceded decadent159 words
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Advertisement348 2007-04-16 24 WORLD GOURMET SUMMIT UNIQUELY SinypOTTP Proudly by t^Kjgk Jin Lu The Chinoise Story Jin Jiang Hotel, Shanghai Chef Jacky Shaw's experience in the culinary arena began in 1991. Since then, he had been actively involved in the field as a member of the Cuisine Association of Shanghai. Young and talented,348 words
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Advertisement1373 2007-04-16 25 I Feature Activity: Lc Petit Breakfast I Feature Activity: I C Indulge in a sumptuous southern French breakfast consisting of caviar and black truffle I 79 I WinA riinA uiith Tiilinopu Ma^cfrnc cream. All breads and pastries are freshly baked following strict French tradition. Al *7 mC V 7'.!; jj1,373 words
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ECONOMY WATCH
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Article, Illustration777 2007-04-16 26 IMF/WORLD BANK MEETING Calls for China to improve its exchange rate mechanism AP [WASHINGTON] The International Monetary Fund needs to strengthen and modernise its currency exchange rate monitoring policies to ensure their effectiveness as globalisation spreads, world finance officials agreed on Saturday. Gordon Brown, Britain'sAP - 777 words
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490 2007-04-16 26 Bloomberg [WASHINGTON] China's vice central bank governor Hu Xiaolian said the role of currency exchange rates should not be overestimated as the International Monetary Fund (IMF) seeks to strengthen surveillance. "The fund should be realistic and not overestimate the role of the exchange rate,"Bloomberg - 490 words
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404 2007-04-16 26 AFP [BEIJING] China's booming economy is being increasingly constrained by shortages of energy and natural resources as well as environmental concerns forcing the nation to seek a more efficient growth model. According to high-rank-ing officials here, there is simply not enough fuel around on theAFP - 404 words
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Advertisement1620 2007-04-16 26 NOTICES BUY IT-SELL IT-FIND IT o LINDETEVES-JACOBERG LIMITED (Company Registration No. *****0172G) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fifty-Ninth Annual General Meeting of the Company will be held at 1 Raffles Boulevard, Suntec City, Meeting Room 310 Level 3,1,620 words
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Advertisement194 2007-04-16 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WAH YIP (PTE.) LIMITED (Company No: *****?295C) In Members' Voluntary Winding Up NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members194 words
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Advertisement253 2007-04-16 26 In the Matter of The Companiet Act, Cap.so And In the Matter of BEVERLY EQUITIES PTE. LTD. (In Members' Voluntary liquidation) (Co. Reg. No. *****5463 C) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the253 words
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Advertisement110 2007-04-16 26 :*at^ NOTICES LOST SHAM CimnCATIS The following shore certificates hove been reported lost, destroyed or misbd:it W Smm Cftifkf N«. IntUH—*t Hfcjt siwrw Hong Fok Corporation Limited *****44 Tan Hong Huoy 12,000 *****11 AngTaiePing 12,000 *****27 Chew Cher Yeow 300 Neptune Orient Urns Limited *****97 (hong How Foo 1,000 NOTICE110 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1044 2007-04-16 27 DANIEL BUENAS - DANIEL BUENAS advises investors not to forget that there is a creed they should live by DANIEL BUENAS PAY, salaries and jobs these have been perhaps the hottest topics of discussion in recent weeks. Every other day we read articles and hear stories of how much1,044 words
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Article, Illustration837 2007-04-16 27 TAMARA MOHANAN KUPPUSAMY - CAMPUS LIFE Seow Yi Hao is doing his bit for the local music scene by combining his business sense with his love for music, TAMARA MOHANAN KUPPUSAMY reports TAMARA MOHANAN KUPPUSAMY ON THE surface he looks like an ordinary student, just one of the myriad837 words
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Advertisement251 2007-04-16 27 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have251 words
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MALAYSIA/INDONESIA
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Article2928 2007-04-16 28 Transaction date: Apr 13 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<M HKS 000 Aeon Credit .6.90 unch 100 Aeon Stores 9.52 0.12 0 Angang Steel 14.50 -0.52 ***** Anhui Conch 33.902,928 words
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370 2007-04-16 28 [KUALA LUMPUR] The Securities Commission (SC) approved eight out of nine applications to sell shares to the public in the first quarter of 2007 as the quality of proposals from applicants improved, Malaysia's Business Times reported. The SC, in370 words
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Article, Illustration620 2007-04-16 28 S JAYASANKARAN - MALAYSIA INSIGHT Getting civil servants, municipalities to toe new line may prove too daunting a challenge S JAYASANKARAN KL Correspondent Merty market all but collapsed in 1998 hard going ever Prime Minister Abdullah Ahmad Badawi has now identified property as a new growth620 words
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212 2007-04-16 28 Bloomberg [JAKARTA] Indonesia plans to cut bureaucratic hurdles and reduce the number of days it takes to start a business, seeking to attract investment into South-east Asia's largest economy. The government expects to issue a ruling by the endBloomberg - 212 words
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Article, Illustration274 2007-04-16 28 He says a massive change will affect govt programmes AFP [JAKARTA] Indonesia's president yesterday rejected calls for a Cabinet reshuffle following a string of transport disasters and corruption claims. President Susilo Bambang Yudhoyono said it was "inappropriate" for political parties to put forwardAFP; FILE PHOTO - 274 words
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266 2007-04-16 28 Board is likely to meet this week to discuss exercise [KUALA LUMPUR] Magnum Corp Bhd, the country's second biggest num-ber-betting operator by market value, will soon consider a plan to return as much as RMI.IO a share to shareholders, Malaysia's Business Times266 words
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GREATER CHINA/INDIA
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Article, Illustration403 2007-04-16 29 AFP [HONG KONG] China Citic Bank, the latest Chinese lender to announce its international listing, said yesterday that it hopes to raise U5510.26 billion when it goes public at end-April. Launching the prospectus for its initial public offering, China's seventh largestAFP; BLOOMBERG - 403 words
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200 2007-04-16 29 [HONG KONG] China's national pension fund plans to invest a record amount of more than 100 billion yuan (5519.6 billion) this year, including up to 30 per cent in equities around the globe, according to a report in The Standard. Fund chairman Xiang200 words
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279 2007-04-16 29 [NEW DELHI] The Foreign Investment Promotion Board (FIPB) has expressed dissatisfaction with the replies given by Hutchison Essar, its Hong Kong-based parent Hutchison Telecom International and Vodafone to key questions related to the shareholding structure of the country's fourth larg- est mobile279 words
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371 2007-04-16 29 High valuations on domestic stock market render this attractive Reuters [HONG KONG] The rise of China's domestic stock market has created a new venue for private equity firms to sell out of their assets, helping to ease historical concerns about the abilityReuters - 371 words
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Page 29 Advertisements
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Advertisement405 2007-04-16 29 Tender Psckets Public Housing Development Under Design, Build Sell Scheme Available at $100/- (inclusive of gst) during office hours (Mon [h -Fri) from 16 March 2007 (Friday) at: HB On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased The Procurement Office, SjHgl to405 words
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MIDDLE EAST
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Article, Illustration733 2007-04-16 30 Analysts see rush as partly to counter threat of a nuclear Iran NYT [NEW YORK] TWO years ago, the leaders of Saudi Arabia told international atomic regulators that they could foresee no need for the kingdom to develop nuclear power. Today, they are scrambling toNYT; REUTERS - 733 words
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Article, Illustration300 2007-04-16 30 AFP [TEHRAN] Iran yesterday launched a tender for offers to build two new nuclear power stations alongside a still unfinished facility in the southern city of Bushehr, despite increasing Western pressure over its atomic drive. "Iran is launching two tenders forAFP - 300 words
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287 2007-04-16 30 Reuters [CAIRO] Private shareholders in Egypt's National Bank for Development (NBD) are interested in a bid for the bank from a United Arab Emirates consortium led by Abu Dhabi Islamic Bank, an Egyptian official said on Saturday. The official, Central Bank Deputy GovernorReuters - 287 words
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Article102 2007-04-16 30 AP [DUBAI] The Dubai Marathon could pay out as much as US$3 million in prize money next year. The Dubai organisers increased the purse in the race to US$l million, and will give an additional US$l million for a men's or women's world record. TheAP - 102 words
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Page 30 Advertisements
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Advertisement1145 2007-04-16 30 NJOTIPF^ X JL JL Lj Toll free: 1800-289-8622 Email: notices@sph.com.sg BUY IT-SELL IT FIND IT Clariden Leu CLARIDEN BANK (now known as Clariden Leu Ltd.) FINANCIAL REPORT 2006 Important: The following notice contains a summary of the financial statements of Clariden Bank, Zurich for the year ended 31 December 2006.1,145 words
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ASIA-PACIFIC/WORLD
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609 2007-04-16 31 Top five hedge fund managers earned 10-digit packages last year: survey AFP [NEW YORK] The ballooning pay packets of the world's top hedge fund traders have hit the stratosphere with some salaries now topping a billion dollars, but fears areAFP - 609 words
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559 2007-04-16 31 NEIL BEHRMANN - B y NEIL BEHRMANN in London HSBC has found a new source of revenue from its private banking division hedge funds. The latest annual report of the bank shows that HSBC invested US$39 billion in hedge funds on behalf of its wealthy clients.559 words
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Article, Illustration303 2007-04-16 31 Reuters [LONDON] Merrill Lynch has joined a growing number of finance houses seeking to cash in on the world's hedonistic shopping habits and surging population of millionaires. The US investment bank launched its ML LifeStyle Index last week featuring stocks spanningReuters; REUTERS - 303 words
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640 2007-04-16 31 AFP [TOKYO] The world's top casino operators are jockeying for a stake in a vast but untapped market as Japan moves closer to an overhaul of its strict gambling laws to lure rich Asian tourists and boost itsAFP - 640 words
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Page 31 Advertisements
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Advertisement116 2007-04-16 31 A gourmet blend of fine dining and Mvi international artistes JPTjr "An extraordinary opportunity to treat your HHHKItt y+ clients to an evening to remember" S Jy Executive Vice President, South East Asia, MasterCard C y/7/ C/ //Yy Last chance to book your table reservations to this year's best corporate116 words
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AVIATION/SHIPPING
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Article, Illustration740 2007-04-16 32 Port's annual throughput has jumped 10-fold since 2000 Bernama [JOHOR BARU] Malaysia's Port of Tanjung Pelepas (PTP) is looking at doubledigit growth again this year, according to its chief executive officer Harun Johari. He said the port, the country's largest container terminal, had experiencedBernama; BLOOMBERG - 740 words
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312 2007-04-16 32 Bloomberg [DALLAS] American Airlines flight attendants rallied outside parent AMR Corp's headquarters in Fort Worth, Texas, to protest plans to award managers US$l7O million in bonuses as employees work for reduced pay and benefits. The Association of Professional Flight Attendants and other AmericanBloomberg - 312 words
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516 2007-04-16 32 FAA may also want crashworthiness review of jets Reuters [WASHINGTON] The US government wants Boeing Co to demonstrate that composite fuel tanks and wings on its 787 Dreamliner can resist fire long enough to let passengers escape in an emergency. The Federal AviationReuters - 516 words
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Article2296 2007-04-16 32 CITY FU6MT ITA FU«>T ITP AhaOfcaM SQ4?5 12?p AilllKl LH9771 1750 LH9770 2345 SQ268 1750 ***** 2345 Amstardam L***** 0630 AZ3993 2245 SO323 0630 KL838 2245 AZ3992 1555 L***** 2345 *1837 1555 SQ324 2345 ***** 0100 Atlanta AC5202 2335 AC5203 0645 UA895 2335 UA896 0645 Auckland2,296 words
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Article561 2007-04-16 32 STRAITS TIMES INDEX STOCKS Stock nam Wl One Owgt Stock nam* Wt On* Oaa** Stock nam Wt Ow OMfi Allgreen 0 56 ISO JSH IS ***** <3200 ST Enog 154 3300 4«endasretl 0 88 2420 .0020 JartfineCSC 0*3 ***** -***** STATSChP 111 1850 *0020 CapnaComm 056 2750 *0.030 JurongTech 0M561 words
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Page 32 Miscellaneous
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Miscellaneous301 2007-04-16 32 CRYPTIC CROSSWORD 1 Cruel boss east European jour- I I I I I I I l I I found by Danube? (5-6) 11 A nude more naughty in gen--12 Getting into the party spirit? (9) Animals L_^ 16 Salt from tin, say, girl's swal- I r® I Row way accommoShould301 words
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Article12448 2007-04-16 33 SGX MAINBOARD Week ended: Apr 13 52 Wk Tel Last Vol Week last Quote Div GrYld Net MCap High Low Code Company Sale 000) High Low Buyer Setter Cvr P/E Sffl* 3.5 2 5716 1st Software 2 susp 81 II 5 6 3148 8Telecom 10 5cd +0 512,448 words
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Advertisement74 2007-04-16 33 Welcome to Our online CCD trading s<;rvK <; gives y<m j fast at u i rehit ,«••(«»ss to the world ot financial market tra ling. Make Our City and tiade with the professionals CCDs carry a higher f n-> i♦. tM.J trr-.n trad.»- j It IS )OSS.It )IO to «li74 words
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Article6974 2007-04-16 34 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local OUT In S$ In USS dy yr dy yr dy %yr 13 Index Change Change Change Change Change Change The World Index Preliminary 1141.5 0.2 3.7 0.0 3.3 0,2 4.6 EAFE Preliminary 1160.5 0.2 4.8 0.1 5.1 0.2 6.4 Europe Preliminary6,974 words
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Advertisement889 2007-04-16 35 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 Destination Destination PAN DYNAMIC ADN/JDH/BJA STXPO TBN INC/BSN VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for889 words
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Advertisement1410 2007-04-16 35 ItNIIRASIA RORO SERVICE VBsa/yor uma) hbgwuw pkg km lo sw jkt ST*AITS EXPRESS 8 30 4.0 15/04 19/04 22/04 24/04 I AUSTRALIAN RORO SERVICE 1 vtssa/voY mump hbghtw to i sw I m sro m ux ret POSmvt LEAOEI/OM 100 5.0 o*oB/04 22 22/04 24-24/04 26 27/04 29 29/04 03-03/051,410 words
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Advertisement1614 2007-04-16 36 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R VtrA nu |l a I lin-f. TEL*****5M (14UNES) FAX:*****163 V\\M 1 WAN HAI I lNr\ Cwfomer S«rvkf/BookingjDfractUm-(1800)*****200 V WWrtll llnl klllLiJ NLTH: (03)******11 MX: (03) *****2MP811H: (04)*****00 MX: fM|22MM9 V JOHTHj (07) 25)8923 MX: (07)251*921 SUtIB: (031) *****75 ML- (031) *****)4/ *****051,614 words
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Advertisement1307 2007-04-16 36 |~|T\ EASTERN CAR LINER, LTD 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS »—<iro uWMflm sw m nm jkt mua lo it f —r f ■r VOY lt—y(m UhfajffT) SWtGAPOtt 1 CU TON CMPI VIZ |ffiU Z =l=-^—=¥==aF^r-'-=g==™== VOY RoarfKD I UHta|(KT) SINGAPORE VUHVOSTOK I LILAC ACE 1 SO1,307 words
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Advertisement694 2007-04-16 36 [W~WEWaT~ WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS ftssa TOY SIW I P KLAWC COLOMBO I K SHEW I COtOMO JffIHWIJI Mil iME. Lliffi Uiß i«*w 22 *ni KPTArawIM rmo3 Ilia Oil OMIT 27 aw oimay muivwiDHi QH3W ;ttff 27aw maw 04may qqmay «UO694 words
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THE BUSINESS TIMES SHIPPING TIMES
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6817 2007-04-16 37 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n To ABIDJAN (ABJ) 2003 Cote O'lvoire 30/04 03/06 Delmas DELMAS KERGUELEN 718W *****344 30/04 06/06 Delmas DELMAS KERGUELEN 718W *****344 To ABU DHABI (AUH) 2004 U. A. Emirates 23/04 04/05 SCI EMIRATES KABIR 715W *****355 To6,817 words
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Advertisement507 2007-04-16 37 lEI9DEKX99II I VESSEL VOY PKL SIN KHI PXB BAB PMM BIK KHO IRAN SATTARI PCLBI93 13/04 12/04 22/04 25/04 26/04 02/05 04/05 06/05 IRAN TABATABAEI PCLBI94 17/04 18/04 27/04 30/04 01/05 07/05 09/05 11/05 IRAN BAABAEI PC***** 28/04 29/04 08/05 11/05 12/05 18/05 20/05 22/05 VESSEL VOY SIN NHS BNP507 words
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Advertisement473 2007-04-16 37 sw —St— -a- —th —%s- «4Mlis I!7B WIMU m 878 wB toli!!« I I life q mm —nfcr- -mm W, SW 85=— yiy; wm; em S)H hcuku mi ma SfiS ygsa vot sw my s— rvtsst^^^^ro^lal^KMgin*nsstt^ra«Tns^ SWWIMTM 222 14/04 Sfflj I PKIMMSSM I PWI34 113/04 1 W/04 I 03/0S I473 words
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Advertisement300 2007-04-16 37 Iffe GLORY MSnUTMM GROUPI I( SUta 1970 I OWNS A OPERATES THE YOUNGEST FLEET I wrm TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I a REGULAR WEEKLY SERVICES: B IKAOHSIUNG A CHINESE PORTS, HONG KONG TO 4 FROM I SOUTHEAST ASIA I SMGtfOtf HUF WOON300 words
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BizIT
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Article, Illustration598 2007-04-16 39 AMIT ROY CHOUDHURY - It will leverage the Republic's facilities to expand global operations By AMIT ROY CHOUDHURY INTERTOUCH, a whollyowned subsidiary of Japanese telco NTT Docomo which holds one of the spectrum licences for wireless broadband services in Singapore, is moving its international headquarters to598 words
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935 2007-04-16 39 YAJ MALIK - <you say> Application virtualisation is delivering significant benefits to businesses By YAJ MALIK JT IRTUALISATION" m has become a com- m mon watchword in rn# IT. A July 2006 study conducted in the United States by Forrester Consulting with top IT executives across various industries,935 words
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311 2007-04-16 39 Reuters [SAN FRANCISCO] Google Inc said on Friday it would buy Web advertising tools provider Double Click Inc for US$3.l billion, its biggest acquisition, to accelerate its push into the graphic ad market now dominated by Yahoo Inc. Google, the juggernaut of search-basedReuters - 311 words
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Article, Illustration493 2007-04-16 39 WINSTON CHAI - By WINSTON CHAI TELE Atlas will put a recognisable face to the names of local landmarks in its upcoming GPS (global positioning satellite) maps to help drivers find their way around the streets of Singapore. The company, which supplies digital maps493 words
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Article, Illustration358 2007-04-16 39 WINSTON CHAI - <what's up> Compiled by WINSTON CHAI Gartner to host seminar here in May MARKET research firm Gartner will be holding its "Enterprise Planning and Architecture Strategies 2007" in Singapore from May 23-24. To be held at the Grand Hyatt Hotel, it will provide attendees with insights on topics like the358 words
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Article, Illustration890 2007-04-16 40 AMIT ROY CHOUDHURY - APEJ SMEs to spend as much as US$11.6b on IT this year, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SMALL and mediumsized enterprises (SMEs) in the retail sector in Singapore are likely to spend up to US$24O million (*****Source: AMI-Partners - 890 words
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Advertisement128 2007-04-16 39 SEMINAR DETAILS ,u«n"S2BE. at6: 26 APri 2007 To register, please call 6275 2291 Time: 9am to lprn or email eventsOdatasaver.biz Venue: Suntec, Level 3, Meeting Room 309 Closing Date: 20th April 2007 Topic: Data Protection Business Recovery organized!* Speakers: Intel®, 3Gen, KDIS Who should attend: Business Owners, Decision Makers, Jk128 words
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Advertisement190 2007-04-16 40 LANDMARK Tele Atlas creating digital 3p map of S'pore. pg 39 WHEN BUSINESS BECOMES PLEASURE. I Welcome to a new level of style and comfort. We commissioned the world renowned interior designer Many Samson to reinvent our Club Intercontinental guest rooms and suites. The result is a perfect balance between190 words
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