The Business Times, 18 April 2007
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2007-04-18
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The Business Times
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Title Section18 2007-04-18 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION Wednesday, April 18,2007 MICA (P) 202/12/2006 SINGAPORrfcSTents online at http://business-times.asial.com.sg18 words
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Article, Illustration887 2007-04-18 1 CHUANG PECK MING - SCE is opening up business opportunities for S'pore companies in the private sector around the world By CHUANG PECK MING [SINGAPORE] Less than a year after the Singapore Cooperation Enterprise (SCE) was set up to sell Singapore's public-sector expertiseSource: Singapore Co - 887 words
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524 2007-04-18 1 ANTHONY ROWLEY - Scrapping of bank, broking divide among changes expected By ANTHONY ROWLEY in Tokyo JAPAN is likely to abolish restrictions that now separate banking from broking, as part the government's plan to turn Tokyo into an international financial centre able to compete with New524 words
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Page 1 Advertisements
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Advertisement271 2007-04-18 1 GLOBAL WARMING > Wilting up to an inconvenient truth PAGE 24 MOTORING Parallel imports: another point OfvieW MGE2I ABNAMRO Shares soar as bidding war looms PAGE 4 EXEC MONEY S'pore, Malaysia equity funds are tops page 36 PROPERTY Penthouse up for auction atsskpsfpages 1 *-t Halley's comet.' Planetary alignment. Saab271 words
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TOP STORIES
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699 2007-04-18 2 MATTHEW PHAN - These include Marina Barrage, route-planning for maritime vessels Reports by MATTHEW PHAN [SINGAPORE] Singaporean and Dutch scientists working in collaboration hope to develop solutions this year on a number of wide ranging issues, from managing the forthcoming Marina Bay reservoir system, to699 words
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530 2007-04-18 2 Memstill promises to be more energy-efficient [SINGAPORE] Keppel Seghers, the environmental engineering arm of Keppel Corp, is developing a new water desalination technology in a market potentially worth hundreds of millions of dollars. "We would be the first Singapore company to own530 words
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Article154 2007-04-18 2 IN "Hng Kiang on Genting: no more issues now" (BT, April 17), we said that the Singapore government "appears to be appeased" by the withdrawal of Star Cruises from Genting's Resorts World at Sentosa, with Minister Lim Hng Kiang saying that there is "no issue now". This154 words
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Article, Illustration510 2007-04-18 4 CONRAD TAN - By CONRAD TAN [SINGAPORE] Japanese financial services group Nomura has joined the frenzied search for private bankers in Asia as it seeks to expand its wealth management business. Kunio Watanabe, head of Nomura's wealth management division, told BT he hopes to double510 words
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Article130 2007-04-18 4 sn 3,***** (+1.17) ST INDEX FUTURES M01jM(+1.00) simso (+0.12) SIMSO FUTURES 419.10 (-0.40) MARKETS Tuesday Changs KLCOMf 1,330-26 47.35 NIKKEI 225 17.527.45 -100.85 HAMGSEWG 20.788.61 *31.08 SET INDEX 695.03 *2-57 JAKARTA COMP 1.***** +1j62 MANILA COMP 3.318.17 *50-31 SEOUICOMP 1.528J66 -3.38 SHENZHEN B 559.90 M.99 MUMBAIIND 13.607.04 -88.54130 words
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Article565 2007-04-18 2 Pharmaceuticals help lift S'pore exports in March AFTER a big fall in February, Singapore's key exports were pulled up last month by strong shipments of pharmaceuticals—despite continued weak electronics exports. Non-oil domestic exports grew 1.6 per cent from a year ago to $15.22 billion, following a 6.6 per565 words
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Article, Illustration479 2007-04-18 3 CHUANG PECK MING - Non-oil domestic exports bounce back; electronics shipments remain weak By CHUANG PECK MING [SINGAPORE] After a big fall in February, Singapore's key exports were pulled up last month by strong shipments of pharmaceuticals despite continued weak electronics exports, according to the latest tradeSource: IE Singapore - 479 words
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Article, Illustration599 2007-04-18 4 Rising share price could force Barclays to walk away, analysts say NYT Reuters [LONDON] The prospect of a bidding war for ABN Amro has sent its shares soaring making it more difficult for the company, the biggest Dutch bank, to seal aNYT; Reuters; REUTERS; Source: Bloomberg - 599 words
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Page 2 Advertisements
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Advertisement359 2007-04-18 2 Goods and Services Tax Seminars 2007 Dates The Goods and Services Tax (GST) rate will increase. How will you Tuesday, 22 May 2007 account for GST during the transition period before the rate increases? The increase could mean higher non-compliance penalties imposed by the Inland Time Revenue Authority of Singapore359 words
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Advertisement83 2007-04-18 2 people Roaming Asia-Pacific. BELMONT RD *****5F $12.XM BINJAI #*K *****SF $12.XM BISHOPSGATE *****SF $17.XM BTSEDAP *****SF SI2.XM CABLE RD *****5F $23.XM CHATSWORTH *****SF $18.XM CHEEHOONAVE *****SF $13.XM CLUNY HILL *****SF $18.XM EAST SUSSEX LANE *****5F $16.XM GALLOP WALK *****5F $12.XM GARLICK AVE *****SF $10.XM LADYHILL *****SF $17.XM LEEDON *****5F $36.XM83 words
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Advertisement23 2007-04-18 2 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times. 1 NOTICES23 words
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Page 3 Advertisements
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Advertisement198 2007-04-18 3 The Chevrolet Captiva is the all-new SUV that's ideal for the individual, perfect for the family. Its strong, progressive SUV styling, gives the Captiva a commanding presence on the road. Inside, space is used innovatively to create ample room for seven people or more storage space by simply folding flat198 words
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Page 4 Advertisements
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Advertisement121 2007-04-18 4 THEVANTAGE (Opposite Orchard Hotel) 11 11 1 Sh s§j La 6 freehold strata units for sale Al Sr (total 8 units in development) orange G R OVe k- Area of 6 units: 3,216 sq m Ho (each unit 536 sm) NASSIM Ro ORCH4B„ I j j R Kd Land area:121 words
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COMPANY NEWS
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Article, Illustration179 2007-04-18 5 SINGAPORE Telecom's Singapore chief executive Allen Lew (right) was named Telecom CEO of the Year on Monday by Telecom Asia magazine. The Telecom Asia Awards, in their 10th year, was dominated by Northeast Asian and Indian operators, with Mr Lew flying179 words
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Article226 2007-04-18 5 MAINBOARD-listed SC Global Developments is selling a penthouse in The Boulevard Residence (BLVD) by auction next month. Colliers International, one of the two auctioneers for the property, expects the 7,029 square foot unit to fetch about $35 million or almost $5,000 per square foot.226 words
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676 2007-04-18 5 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN STOCKS of property and infrastructure companies have been soaring over the past few months, thanks to the boom in the sector. Some property counters have risen anywhere from 50 to 150 per cent since the beginning676 words
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Article, Illustration485 2007-04-18 6 SIOW LI SEN - AGM WATCH SIOW LI SEN Senior Correspondent RETURNING cash to shareholders is likely to dominate Star Hub's meeting this morning amid a buoyant stock market. Some shareholders would rather keep their holdings intact to enjoy continued price gains, as they expect the stock market485 words
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315 2007-04-18 6 COMPUTER systems integrator DMX Technologies Group Ltd is banking on growing demand for digital TV and the advent of Internet protocol TV (IPTV) to drive the next phase of its growth as growth in its traditional systems integration business315 words
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396 2007-04-18 6 BENITA AW YEONG - By BENITA AW YEONG RESENTMENT ran high at Mediaßing's annual general meeting yesterday. The meeting was dominated by repeated concerns raised by shareholders over the management's decision to issue no dividends a sentiment voiced louder over the years as the voice over Internet Protocol (VoIP)396 words
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Page 5 Advertisements
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Advertisement9 2007-04-18 5 Tune in to Radio 100% pure fun 91.3 FM9 words
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Advertisement394 2007-04-18 5 "T• 4»' v v JA. v SINGAPORE'S MOST MODERN SPECIALIST CLINICS. As the center for Singapore's newest state-of-the-art specialist clinics, Novena Medical Center offers doctors a rare opportunity to own a medical suite with great supporting infrastructure. BE A PART OF SINGAPORE'S EXPANDING HEALTHCARE SECTOR As a regional medical hub,394 words
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Page 6 Advertisements
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Advertisement442 2007-04-18 6 nc B M mm B 8 mm** l"«ww' FORELAND FABRICTECH HOLDINGS LIMITED Bermuda on November (Company Based in Jinjiang Gty, Fujian Province, PRC we are a vertically integrated manufacturer of functional and normal fabrics that are mainly used to manufacture sports, leisure i ESpUM and business apparel. Our products, which442 words
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Page 7 Advertisements
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Advertisement12 2007-04-18 7 Shanghaihasmore sky scrapersthan New Yor k. Makesureyourpackage get stotherigh tone. TrusttheFecEx teaminChina.12 words
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Advertisement4 2007-04-18 7 www.fedex.com/sg Welivetodeliver. FftHEx« Express4 words
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SINGAPORE MARKETS
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Article, Illustration498 2007-04-18 8 R SIVANITHY - STOCKS Wall Street's Monday rise in line with expectations gets a muted response on local bourse R SIVANITHY Senior Correspondent ONCE again, markets everywhere including Singapore fell victim yesterday to the "buy in anticipation, sell on news" syndrome that has been a familiar feature ofSource: Bloomberg - 498 words
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Article, Illustration927 2007-04-18 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Until Up Down Undi Up Down Unch Multi Ind 566 1 0 0 666 Manufacturing 71 92 61 11 21 19 B 113 B Commerce 25 24 29 6 7 11 31 31 40 Tpt/Stor/Comms 14 16 12 2 1 0 16927 words
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Article, Illustration962 2007-04-18 8 UMA SHANKARI - Compiled by UMA SHANKARI Singapore Airlines April 17 dose: $18.40 CmGROUP RESEARCH, April 16 REITERATE our contrarian "sell": We expect SIA to report record FYO7 profits on May 11 and view capital management as likely. However, with valuations above previous peaks and our view that much has been pricedSource: Bloomberg - 962 words
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Article, Illustration490 2007-04-18 8 CURRENCIES [TOKYO] The yen hung near a record low against the euro and a sevenweek trough versus the dollar yesterday, and was expected to stay pressured after the Group of Seven (G-7) appeared to give a green light to yen selling. The euro tradedAFP - 490 words
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COMPANY NEWS
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351 2007-04-18 9 Reuters ONLINE gaming software firm GigaMedia Ltd expects robust earnings in 2007 and 2008, thanks to explosive growth in the Southeast Asian online games market and the launch of a new game title. Taiwan-based, Nasdaqlisted GigaMedia, with a market value of about US$727Reuters - 351 words
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310 2007-04-18 9 MICHELLE QUAH - By MICHELLE QUAH DEMAND for industrial space in Singapore is expected to remain buoyant thanks to continued business expansion and new investments in many industrial sectors, says Ascendas Real Estate Investment Trust (A-Reit). The trust also predicts that office rents will climb further due310 words
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Article241 2007-04-18 9 CG Tech chairman rewards CEO CG TECHNOLOGIES Holdings executive chairman Lam Chik Tsan has rewarded chief executive Cai Junyi with a 5 per cent stake in CUGU Group (Hong Kong), transferred at par and worth HK$14.2 million. Investment holding firm CUGU is the single largest shareholder of CG241 words
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304 2007-04-18 9 UMA SHANKARI - Entertainment company to enter Shanghai market By UMA SHANKARI SINGAPORE-BASED lifestyle and entertainment company Lifeßrandz said yesterday it will enter the Shanghai market, after paying 72 million yuan (Ssl4 million) to buy nine bars, clubs, restaurants and boutique hotel management brands. The acquisition304 words
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315 2007-04-18 9 CHRISTINE SIM - By CHRISTINE SIM CHINA Lifestyle Food and Beverages Group, which makes jellies and candy sold under the La Bi Xiao Xin brand, has increased its presence in major Chinese cities by securing five more distributors Carrefour, Trust Mart and Hualian GMS315 words
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6585 2007-04-18 10 I 1 Qian Hu Corporation 31 Dec 06 51 40 91 94 -3 2 SingTel 31 Mar 06 49 38 87 3 Keppel Corporation 31 Dec 06 46 40 86 79 7 4 Mobileone 31Dec06 44 40 84 75 9 5 Keppel Land 31Dec066,585 words
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Article, Illustration922 2007-04-18 11 MAK YUEN TEEN; PENELOPE PHOON-COHEN - Two-thirds of companies seen to be ineffective in communicating information to the market By MAK YUEN TEEN and PENELOPE PHOON-COHEN IN the first issue of the Business Times Corporate Transparency Index (BT-CTI) for 2007, conducted in collaboration with the Corporate Governance Financial ReportingFILE PHOTO - 922 words
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478 2007-04-18 9 JANICE HENG - China fabric maker offers IPO at 21 apiece IPO WATCH Foreland plans to use proceeds to expand plant in Jinjiang City By JANICE HENG CHINESE fabric maker Foreland Fabrictech yesterday launched an initial public offering (IPO) of 115.3 million shares at 21 cents apiece, representing a price/earnings ratio of 4.9478 words
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Page 9 Advertisements
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Advertisement15 2007-04-18 9 Radio 91.3 is managed by AM SPH Unionworks, a subsidiary of tV Singapore Press Holdings15 words
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Advertisement54 2007-04-18 9 H See more clearly Now trading (-Forwards electronically delivers round-the~dodc global Nquldtty and the purest spot marfcet data from the ebs platform. Discover more ways vO ulOVf Wimi in# DTOK9T OT wvOtCf« Find out more. Go to #|C% Sgnm I EUR I JPY GBP I AUD GAD H CNF OKK54 words
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SINGAPORE NEWS
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Article, Illustration402 2007-04-18 12 By PAMELA CHEW MULTINATIONAL corporations (MNCs) are stepping up a campaign to promote environmental sustainability. Representatives of about 100 organisations attended a forum yesterday that showcased what companies in Singapore are doing to become more environmentally responsible. The Shell-SIIA forum initiated by the Singapore InstituteFILE PHOTO - 402 words
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357 2007-04-18 12 TAMARA MOHANAN KUPPUSAMY - By TAMARA MOHANAN KUPPUSAMY TECHNOLOGY developed by the Institute of Environmental Science and Engineering (lESE) to recycle used oil will be released on a commercial scale this year. The ceramic membrane technology will be tested in a project partly funded by the Prime Minister's357 words
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110 2007-04-18 12 PRIME Minister Lee Hsien Loong expects the Singapore economy to expand by about 5 per cent or more a year over the next five years, the Wall Street Journal reported yesterday. "We see the next three to four years as good growth110 words
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516 2007-04-18 12 RONNIE LIM - By RONNIE LIM INDUSTRY players, including piped gas importers and generating companies (gencos), are interested in taking stakes in the estimated US$5OO million LNG terminal which Singapore wants to start up by 2012, but said that they need to have more project details.516 words
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195 2007-04-18 12 SINGAPORE Power has put up a 33,915 square foot residential redevelopment site on Halifax Road for sale, and market sources estimate that it will cost between $3 million and $5 million. The only catch is that it has a 30-year lease with 18 years195 words
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Article, Illustration410 2007-04-18 13 WINSTON CHAI - Republic to strengthen ties with other govts to fight online threats By WINSTON CHAI LOCAL authorities will forge closer ties with other governments across the globe in a concerted effort to tackle the onslaught of computer viruses and other Internet threats, said MinisterFILE PHOTO - 410 words
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245 2007-04-18 13 Bloomberg QATAR National Bank, the Persian Gulf emirate's largest lender, has opened an office in Singapore to compete for new banking business in the Asia-Pacific region. Qatar National's representative office will help boost business "between Qatar, Singapore and other Asian countries", acting chief executiveBloomberg - 245 words
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Article, Illustration887 2007-04-18 12 CHUANG PECK MING - Only 3 of 21 chief execs in BT poll feel benchmarking is wrong and unfair By CHUANG PECK MING THEY are clearly the majority. All but three of 21 chief executives BT quizzed in a straw poll support benchmarking the pay887 words
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Advertisement453 2007-04-18 12 RTTSJII I Lianhe Zaobao I I Zaobao interview: 1 I Lee Yi Shyan I I new I I opportunities I I for cooperation I I with Jiangsu I I I I I I i i i IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF453 words
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Advertisement2293 2007-04-18 13 INFORMATION FOR SHAREHOLDERS THIS INFORMATION IS IMPORTANT AND REQUIRES IMMEDIATE ATTENTION OF THE SHAREHOLDERS PT BERLIAN LAJU TANKER Tbk f 'S, (The "Company") Domiciled in Jakarta, Indonesia Business Line: Seaborne Transportation Services Head Office: Wisma BSG, 10th Floor Jl. Abdul Muis No. 40, Jakarta ***** Indonesia Tel. (021) *****300 Fax.2,293 words
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ECONOMY WATCH
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Article, Illustration398 2007-04-18 14 Reuters [BRUSSELS] Population ageing trends help to explain global current account imbalances and are part of a healthy economic adjustment mechanism, St Louis Federal Reserve Bank president William Poole said on Monday. "To a large extent, the current situation is not fundamentally an imbalanceReuters - 398 words
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Article, Illustration538 2007-04-18 14 Mier also raises its economic growth forecast for M'sia to 5.6% for 2007 Reuters [KUALA LUMPUR] Malaysia is expected to lift its de-cade-old ban on offshore trade in the local currency this year, a respected economic think tank said yesterday. Trade inReuters - 538 words
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628 2007-04-18 14 SIDDHARTH SRIVASTAVA - Reserves double from US$100b at end-2003 By SIDDHARTH SRIVASTAVA in New Delhi INDIA'S foreign-exchange reserves crossed the US$2OO billion mark for the first time on April 6, according to the central bank a far cry from the barely US$l billion just 17 years ago.628 words
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Article2448 2007-04-18 14 VOL Ay 17 Ml w- cm Aft MRealty 235 0.19 71S AbricBhd .0.33 -0.02 54 Acp Industries 1.93 -0.01 502 Advance Synergy .057 -0.01 2418 Advents Bhd .0.99 unch 433 Ac Multi Hldgs 0 35 unch 93 Affin Hotdings 2M -0.07 2693 Ahmad ZakiResou 2 75 unch 552,448 words
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250 2007-04-18 14 Reuters [NEW YORK] A surging peso has proved beneficial to the Philippine economy by helping bring down inflation to a 20-year low and even boosting the country's export sector, a top Philippine central bank official said on Monday. The Philippine currency hit a fresh six-yearReuters - 250 words
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Page 14 Advertisements
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Advertisement1009 2007-04-18 14 IN THE MATTER OF nj lUL U ititd AV THE COMPANIES ACT. CAP. 50 IN THE MATTER UK AND THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1 Kb) (SINGAPORE) PTE LTD At a General Meeting of ITWMERITEX CO. REGN. NO. *****1861H (SINGAPORE) PTE LTD duly (IN MEMBERS' VOLUNTARY convened1,009 words
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DESTINATION SINGAPORE
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Article, Illustration1179 2007-04-18 15 VINCENT WEE - Event organisers are spoilt for choice by the variety of facilities available here, reports VINCENT WEE VINCENT WEE ORGANISERS holding a MICE event in Singapore are really spoilt for choice when it comes to the range of venues. The wide variety of places to hold1,179 words
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Advertisement33 2007-04-18 15 :r various business including corporate meetings, product launches incentive In available under the SINGAPORE incentive IAJ Singapore exhibition A Convention luruu, group the Tourism SSSS32 for ITU-U33 Fax: 4714-9423 Email: Mcb9stb.com.sf I nHHMHHM33 words
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MALAYSIA
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Article, Illustration289 2007-04-18 16 AFP [KUALA LUMPUR] Malaysia said yesterday that a proposed US$l5 billion oil pipeline across its north was aimed at reducing transport costs and security risks for tankers plying the piracy-prone Malacca Strait. Deputy Prime Minister Najib Razak described the ambitious project, whichAFP - 289 words
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Article6267 2007-04-18 16 UNIT TRUSTS FUNDS ABN Amro Asset Mat (S'pore) Star Europe Eqty 1 1-119/ Stai Europe Bond 1.187/ Star Europe Bal 1268/ Star Asian Tiger Eqty 1-369/ Star Asia Bond 1.317/ Star Asia Balanced 1108/ St* Global Technology Fund'** 0216/ Mult St Fd 0979/ Star Asia Bond/USD) 0869/ Gb Mult) St6,267 words
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521 2007-04-18 16 PAULINE NG - Red hot M 'sian properly stocks continue to glow Scramble follows slew of govt measures to revitalise sector By PAULINE NG in Kuala Lumpur MALAYSIAN property stocks have become a "must-have" following a string of government measures to revitalise the real estate sector. In the past year, the KL property521 words
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GREATER CHINA/INDIA
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311 2007-04-18 17 Reuters [NEW DELHI] Telecom majors Ericsson and Nokia are set to grab a US$5 billion contract from India's Bharat Sanchar Nigam Ltd (BSNL) after Motorola decided to withdraw a legal challenge. Bids for the 45.5 million GSM lines contract were orderedReuters - 311 words
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148 2007-04-18 17 Reuters [BEIJING] China's property market continued to heat up in the first quarter, with investment soaring and prices rising quickly, especially in big cities, the top economic planning agency said here yesterday. The National Development and Reform Commission (NDRC) said itReuters - 148 words
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308 2007-04-18 17 Many of 2m needed by 2010 could come from abroad, say head-hunters AFP [PANAJI, Goa, India] A conclave of global executive search firms on Monday said India's booming services and software industries need more than two million professionals by 2010 and many couldAFP - 308 words
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Article, Illustration114 2007-04-18 17 [HONG KONG] A sea of wreaths had emerged outside a Hong Kong funeral home yesterday, a day before Asia's richest woman was to be given a lavish send-off. Ms Nina Wang died of an unspecified illness on April 3 aged 69. A funeral committee comprisingREUTERS - 114 words
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371 2007-04-18 17 Higher fee income, lending margins boost earnings Reuters [HONG KONG] China's thirdbiggest lender, China Construction Bank Corp, posted a 23 per cent rise in secondhalf profit a touch below expectations, boosted by higher fee income and better lending margins. China Construction Bank,Reuters - 371 words
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267 2007-04-18 17 [HONG KONGI PCCW is in discussions over offloading its 62 per cent stake in Internet service provider Taiwan Telecommunication Network Services to Chunghwa Telecom, the island's largest fixed-line operator, the South China Morning Post reported yesterday. The Hong Kong operator and Chunghwa267 words
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BRIEFLY ASIA
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94 2007-04-18 17 AP [HONG KONG] Banco Delta Asia, a small Macau lender accused of helping North Korea launder money, said it filed a challenge to Washington's decision to cut it off from the US financial system. The bank told the US Department of Treasury that its accusationsAP - 94 words
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64 2007-04-18 17 Reuters [SHANGHAI] Bank of Communications, China's fifth-largest lender, plans to list on the Shanghai Stock Exchange on May 15, two sources said yesterday. The bank will publish its initial public offering prospectus on the exchange's website (www.sse. com. cn) later yesterday. The bank plansReuters - 64 words
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61 2007-04-18 17 AP [NEW DELHI] India's top software exporter, Tata Consultancy Services, said its profit in the January-March period rose 47.4 per cent from a year ago, helped by a slew of large outsourcing contracts. Net profit rose to US$27O million in the January-March periodAP - 61 words
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68 2007-04-18 17 AFP [KUALA LUMPUR] Malaysia's manufacturing sales, a key element of economy, rose 3.7 per cent from a year earlier to RM36.97 billion (5516.3 billion) in February, the government said yesterday. The increase was due to higher sales in the iron and steel, andAFP - 68 words
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69 2007-04-18 17 Reuters [MUMBAI] Private equity investments in India doubled in the January-March quarter as global firms like Goldman Sachs and 3i poured money into fast growing companies. Private equity firms invested US$2.5 billion in the first quarter of 2007, up from US$l.27 billion a year earlier,Reuters - 69 words
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73 2007-04-18 17 Reuters [DALIAN] China will license 15 private oil firms to import crude this year, in addition to the current five state energy majors, in line with the opening of its oil market following entry into the World Trade Organization, an official saidReuters - 73 words
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Article74 2007-04-18 17 AP [KUALA LUMPUR] Malaysia's government yesterday announced it has raised the ceiling price for steel bars and billets by 20 per cent but analysts said the move isn't expected to hurt builders and developers. Domestic Trade and Consumer Affairs Minister Mohamad Shafie Apdal wasAP - 74 words
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491 2007-04-18 17 JANE MOIR - Lawmaker demands action over leak of sensitive data; top official vows probe By JANE MOIR in Hong Kong EMBARRASSING glitches involving Hong Kong's law enforcers and guardians of intellectual property (IP) rights have put privacy protection in the spotlight. Outspoken legislator491 words
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Advertisement3 2007-04-18 17 1 Payrollserve www.StoneforestAccounts.com.sq3 words
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Advertisement1079 2007-04-18 18/19 Mr Arne Austreid, President and j -it FPSO Umuroa the company continues to work llfl 1 I |%fCeft CIC2 </ with Keppel Shipyard: "Keppel's UIU CI 11 Utf L/Clll/CI ICUI .J. j FPSO Umuroa is the conversion of a 25-year old Suezmax performance With respect tO non- i*L ll Biffl1,079 words
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ASIA-PACIFIC/WORLD
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395 2007-04-18 20 NYT [SAN FRANCISCO] After a flurry of deal making over the last few days, Google and Yahoo, two giants of the online advertising business, are set to encroach on each other's turf even more aggressively than before. On Monday, Yahoo announced a dealNYT - 395 words
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Article, Illustration504 2007-04-18 20 AFP [DHAKA] Bangladesh yesterday sought a new start as its two main political leaders blamed for the nation's descent into chaos and corruption face exile abroad, analysts said. Dubbed the "battling begums", outgoing prime minister Khaleda Zia and Sheikh Hasina Wajed come from rival political dynastiesAFP - 504 words
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252 2007-04-18 20 Reunrs [SYDNEY] Australia's Publishing Broadcasting Ltd (PBL) is expanding its gaming empire to the United States. PBL said yesterday that it would buy a 19.6 per cent stake in Las Vegas casino developer Fontainebleau Resorts which is developing a newReunrs - 252 words
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Article, Illustration525 2007-04-18 20 LATEST US DATA Industrial output down 0.2% as utility production drops by 7% AP JWASHINGTON] Surging «nergy prices pushed consumer inflation in the US up by the largest amount in nearly a year in March. Meanwhile, industrial output fell for the second timeAP; AFP - 525 words
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Advertisement160 2007-04-18 20 Diners Club Card *****0 A Wort Jof Exclusive Privilege* Treats Diners Club www.Jinere.com jig International SwissdtelTHE STAMFORD SINGAPORE Sponsors: swissotel nai lert park SJM^fm^uu^2 Stamford Road, Singapore *****2 Tel: (65) 6338 8585 Fax: (65) 6338 2862 singapore-stamford@swissotel.com www.singapore-stamford.swissotel.com AMOKOK M UMI I TTiVH B? 1 If*l «1" I? mm hours160 words
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Advertisement39 2007-04-18 20 c WeeK* Reward her dedication with choice of delicious meals. Choose from Prime cut Roasts on the Wagon or TYaditional Chinese mem^_ Plus, she gets free Dermologica door gifts* While stocks last Jtr AAiu^Mdj^j the artiste of fMHsg&trp iMH39 words
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MOTORING
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Article, Illustration383 2007-04-18 21 CHRISTOPHER LIM - By CHRISTOPHER LIM THE world's largest motorcycle and bicycle show will be coming to Singapore next year and is expected to generate around US$l5O million in business opportunities. Bike Asia 2008 will be a trade platform for bicycles, motorbikes, components and accessories,383 words
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Article, Illustration844 2007-04-18 21 SAMUEL EE - Entire industry feels impact due to their pricing: Hyundai distributors' MD By SAMUEL EE THE boom in parallelimported cars is having an effect on more than just the authorised distributors of the Toyota and Honda brands, which make up the bulk of such grey-market844 words
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Page 21 Advertisements
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Advertisement18 2007-04-18 21 Organised by: Sponsored by: Supported by: accenture THE BUSINESS TIMES ©ocbc Bank gg§ High performance. Delivered. wng«por» Singapore18 words
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AVIATION
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Article, Illustration334 2007-04-18 22 It cites report that no airline in Indonesia is in excellent condition Reuters [JAKARTA] The United States has advised its citizens not to fly Indonesian airlines, saying recent accidents raise questions about the country's aviation tyIn a message sent to American citizensReuters; REUTERS - 334 words
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155 2007-04-18 22 Bloomberg [SAO PAULO, Brazil] Empresa Brasileira de Aeronautica SA, the world's fourth biggest aircraft maker, said its firm order backlog rose to a record US$l5 billion on increased demand for jets seating more than 100 passengers. The company said in a statement onBloomberg - 155 words
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278 2007-04-18 22 Reuters [LONDON] Russia remains the most dangerous place to despite global improvements that made 2006 the safest year on record, the International Air Transport Association (lata) reported yesterday. Russia and other members of the Commonwealth of Independent States (CIS) had an accident rateReuters - 278 words
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350 2007-04-18 22 Bloomberg [DUBAI] Etihad Airways, the national airline of the United Arab Emirates, plans to buy or lease as many as nine single-aisle planes as it seeks to increase the frequency of flights in the Gulf region. "We are looking atBloomberg - 350 words
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230 2007-04-18 22 Reuters [NEW YORK] US airlines cancelled dozens of flights on Monday as they regrpuped after heavy rain and gale-force winds battered the US Northeast. Jetßlue Airways Corp, which suffered a storm-related operational meltdown in February that cost it about US$3O million, saidReuters - 230 words
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Article2188 2007-04-18 22 S™ WHW «TA MIT WD sosnso Soar —Dim it*> JwttS 38 gs Amrtardim SQ323 0630 AZ39*} &4S AZ3992 1SSS KL838 -2245 KL837 1555 L***** 2345 I SQ324 2345 MS a%&? nlK vaw? yAfii_as«5 Baa S9S 0150 mm 2120 UL2433 0150 UL2432 2120 SQ2S2 064S LH9766 215S2,188 words
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414 2007-04-18 22 AP [ATLANTA] Delta Air Lines Inc said on Monday unofficial voting results show its reorganisation plan has received enough creditor support to be approved, paving the way for it to emerge from bankruptcy protection on April 30. The Atlanta-based airline said in a statementAP - 414 words
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310 2007-04-18 22 Reuters [ROME] All three short-listed bidders for loss-making Italian airline Alitalia presented their non-binding offers by Monday's deadline, the government said without revealing details of the bids. The bidders include Russia's Aeroflot and Alitalia's closest domestic rival, Air One. The third bidding consortium includes theReuters - 310 words
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Page 22 Miscellaneous
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Miscellaneous221 2007-04-18 22 CRYPTIC CROSSWORD 2 Article about the professional 16 or 'ental dress hems can go Across: ;I Health, 5 Rollneck, 9 stage perhaps (5) awr y Jungfrau, 10 Zodiac, 11 Spot cash, 3Be prone to ambush (3,2,4) 17 J cu tl e J t^ and be 3 uick 12 Remiss, 13221 words
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SHIPPING
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Article, Illustration605 2007-04-18 23 GEORGE JOSEPH - Akebono allowed to operate under Maritime Finance Initiative scheme By GEORGE JOSEPH [SINGAPORE] Singapore scored another success in attracting shipping funds with attractive tax perks yesterday, when a group of investors launched the first privately owned Japanese ship investment fund here. The Akebono605 words
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236 2007-04-18 23 Bloomberg [LONDON] The number of supertankers entering service this year will expand at double the pace of 2006, increasing competition among owners to haul crude oil, London-based shipbroker Simpson, Spence Young Ltd said. The carrying capacity of the world fleet of Very Large CrudeBloomberg - 236 words
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PORT SHOTS
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158 2007-04-18 23 AFP [TOKYO] A cargo vessel ran aground off north-eastern Japan in the Pacific early yesterday but all 17 Russian crew members were safely rescued, Japan's coast guard said. The 4,643-tonne Jane flying the flag of St Vincent ran aground overnight off Souma on theAFP - 158 words
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86 2007-04-18 23 AFP [CHITTAGONG] Bangladesh has suspended night sailings from its main port of Chittagong after a ship sank in the main channel, hindering navigation, an official said. The 45-metre-long ship sank on Saturday in the Karnaphuli Channel leading to the Bay of Bengal after colliding with anotherAFP - 86 words
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827 2007-04-18 23 DAVID HUGHES - STRAIT TALK By DAVID HUGHES IT has been a bad couple weeks for shipping safety. First there was the Sea Diamond incident in which two passengers died. Then there was the loss last week of the Bourbon Dolphin. The sense of shock in this827 words
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Article, Illustration503 2007-04-18 23 It calls for new ideas to make the strait very secure Reuters AFP [KUALA LUMPUR] Malaysia's defence minister urged neighbouring states yesterday to consider joint sea patrols in the busy Malacca Strait. Piracy has dropped since Indonesia, Malaysia, Thailand and Singapore beganReuters; AFP; AP - 503 words
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222 2007-04-18 23 AP [SINGAPORE] Pirate attacks in South-east Asian sea lanes fell to their lowest level in five years in the first quarter of 2007 due to increased patrols and other anti-piracy measures, according to a report by Singapore researchers. So far this year,AP - 222 words
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252 2007-04-18 23 Bloomberg [HONG KONG] Hong Kong port operators, including Hutchison Whampoa Ltd and PSA International Pte, handled 8.8 per cent fewer boxes in March, the biggest drop in nine months, as China's trade growth slowed and shippers opted for cheaper mainland harbours. CargoBloomberg - 252 words
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Page 23 Advertisements
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Advertisement13 2007-04-18 23 International Ship Classification rEGRITYSERVIC^QUAUrr Beeping you t the forefront maritime safety, nvlronmental protection13 words
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EDITORIAL & OPINION
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Singapore must watch rent spiral
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Chapter339 2007-04-18 24 EDITORIAL What this means is that Singapore may appear less attractive for businesses looking to move operations here. And those already here may think of relocation. An increasing number of companies here are reportedly already considering relocating their non-core operations out of Singapore. While the key finance sector appears unaffected339 words
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Article, Illustration1271 2007-04-18 24 G PANICKER - Even if the world agrees with the findings on climate change, it disagrees on the remedies G PANICKER GLOBAL warming is shaping up as a momentous issue this year. Doubt has given way to certainty and widespread awareness. The topic has drawn an unusualAFP - 1,271 words
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Article, Illustration837 2007-04-18 24 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent IS it really possible that G-7 finance ministers themselves believed their illogical, if not to say nonsensical, pronouncements made during their meeting in Washington last weekend about the robust state of the global economy837 words
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Article, Illustration843 2007-04-18 25 AFSHIN MOLAVI - The growing trade and business corridor between the Middle East and Asia is changing geoeconomics and geopolitics By AFSHIN MOLAVI The Washington Post WHEN Chinese President Hu Jintao visited the oil giant Saudi Aramco last year, he didn't need a translator. PlentyThe Washington Post; AFP - 843 words
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Article, Illustration946 2007-04-18 25 ANDY MUKHERJEE - By ANDY MUKHERJEE Bloomberg THE next few months will set the tone for the growth of Indian financial markets in years to come. If India can make a successful beginning with the proposed modernisation of its pension industry, the market value of domesticBloomberg; AP - 946 words
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Article11424 2007-04-18 26 SGX MAINBOARD Transaction date: Apr 17 52-Wk Tel Last Vol Day Last Quota Mv GrYW Net MCap High Low Coda Company Salt *1- COOP) High Low fciyar Sa>af Cvr S P/t SmH 3.5 2 5716 1st Software 2 susp 11 11 5 6 3148 8Telecom 11cd unch 83511,424 words
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Article5911 2007-04-18 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr %dy Syr dy Syr Apr 16 Index Change Change Change Change Change Chang? World Index Preliminary 1154.8 1.0 4.9 1.0 4.5 1.1 5.9 t EAFE Preliminary 1173.5 1.1 6-0 1.1 63 13 7J Europe5,911 words
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Advertisement17 2007-04-18 27 UphillipCapital Brought to you by Phillip Futures Re Ltd (A member of PhillipCapital) Your Partner In Finance17 words
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Advertisement881 2007-04-18 28 UK CONTINENT SERVICE U-S-A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOl/SAV Loads Singapore, £./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.EJS.EA SERVICE Destination Destination PAN DYNAMIC ADN/JDH/BJA STXPOTBN INC/BSN VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,881 words
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Advertisement556 2007-04-18 28 pi DONGNAMA LINE oomtmh—»nr— v.;; VESSEL (EVBT SIM) VOT SGP HKG lOTA HAS* HAS44T 73/04 24/04 KOTAHARTA HTA4OO W/M 03/05 vessel (evert simi vot ssr hrgqmi trt rot warn MLURERTT 7111S 22/04 14/04 30/04 01/05 03/05 MM FORUM ***** 20/04 03/05 07/05 00/05 10/05 VESSEL (EVERT FRI) VOT |SGP IMG556 words
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Advertisement651 2007-04-18 28 IKMM? ftBYICT YBsa/vor mmpwd hbgwhw H» km m sw «r STUnSEXfKSSI 30 4.0 IS/04 lf/04 22/04 24/04 IAUtTRAIIAN ROUP SMMCE I vtssa/vor wwp wanw I 10 i sw i stp m m m POSiroilttDß/W 100 SJ> 08-01/04 2222/04 24-24/04 *27/04 21 21/04 034)3/05 DCESOEN/M3 100 S.O 21 21/04 05-05/05 07-07/05651 words
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Advertisement1228 2007-04-18 29 EASTERN CAR LINER, LTD \y A I SPECIALIZE IN RORO* HEAVY UFTUPTO 450 TOMS «—oro umwnm m m nm jkt wua lo YOY tforp utniorn sustfow oi TGW obi viz m'" =aF=™=-^-YOY I ta*<m I UHNfItT) SMGAPOti VUHYOSTO* i i ?i/04 i to/05 WEI EVERETT ASIA LINE PTE. LTD. J1,228 words
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Advertisement671 2007-04-18 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS YTOH I WT I SHI I HUANG (Ot-OMIO N SHEW ICOLOWO miat rrwim litfl Qua SMI UJO-JHM— >AHV GAAOHI on* 24 AH 2iid HM SIM MM mm am 01 m>t I bmay osmay wmay )3may AISO ACCHTWC671 words
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The Business Times Shipping Times
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7025 2007-04-18 30 This ETA ETA Advertiser Vessel Voyage Telephone I SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 30/04 03/06 Delmas DELMAS KERGUELEN 718W *****344 30/04 06/06 Delmas DELMAS KERGUELEN 718W *****344 07/05 16/06 Delmas NALA DELMAS 719W *****344 07/05 17/06 Delmas7,025 words
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Advertisement544 2007-04-18 30 I VESSEL VOY PKI SIN KHI DXI I BAB PMM BIK KHO IRAN TABATABAEI PCLBI94 17/04 18/04 27/04 30/04 01/05 07/05 09/05 11/05 IRAN BAABAEI PCLBI96 28/04 29/04 08/05 11/05 12/05 18/05 20/05 22/05 IRAN SATTARI PCLBI97 06/05 07/05 16/05 20/05 19/05 26/05 28/05 30/05 I VESSEL VOY SIN NHS544 words
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Advertisement388 2007-04-18 30 »v —t»p 9m —»B— -wraß ms STS irfi Mumrw ras istBWB JS^^jLLs^JiU tStbhi *Sih S7B Ssn "ffltao iVi §!jj m?m m in im HLHUI HUH I l»B I gg I 11/ei I Sim E^|B|aSsi^n lassgsffi -iff m 1 «F-= \wmlien iwi "flF— VESSQ VOT SM MSB 6UMNG CMITMOM itilg ~=BBE=388 words
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Advertisement267 2007-04-18 30 Fbe glory mvkatwn groupl SINCE 1970 I I OWNS OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS I RCGULAR WIIKLY SIRVICIS: IKAOHSIUNG A CHINESE PORTS, HONG KONG TO ft FROM I SOUTHEAST ASIA J SMGAPOM :HUP«*OONSI»nB(S)niaD 14 RONBON ROAD, #03-01267 words
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EXECUTIVE MONEY
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Article, Illustration1408 2007-04-18 32 TOM PETRUNO - Investors should consider five issues before deciding whether to move their money elsewhere in the light of a regime change By TOM PETRUNO LAT-WP IT'S the news every mutual fund investor dreads: Your star portfolio manager, who has made you a boatload of money overLAT-WP - 1,408 words
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Article, Illustration724 2007-04-18 32 CHET CURRIER - Five-year stock funds have yielded far better returns than long-short funds CHET CURRIER Bloomberg WATCHING the daily driftings of the stock market nowadays, one can get the mistaken impression that these must be unrewarding times for long-term investors. Not so, not so and theBloomberg - 724 words
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Article, Illustration1187 2007-04-18 33 Bulls are betting that the Fed will cut borrowing costs as the economy slows while bears expect yields to rise because inflation is above Fed chief's comfort range Bloomberg BOND investors are starting to bet that the Treasury market is returning to normal. YieldsBloomberg; BLOOMBERG FILE PHOTO - 1,187 words
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Article139 2007-04-18 34 HAVING life insurance gives you the flexibility of planning and living your life the way you want, immediately. With life insurance, you leave behind more as your portfolio of assets grows in size and liquidity upon death. This means you can spend more of your139 words
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Article174 2007-04-18 34 AIA High Net Worth is a specialist unit set up to look into the unique insurance needs of affluent individuals. AIA High Net Worth has a suite of insurance products specially designed and catered to the needs of high net worth individuals. AIA High Net174 words
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Article, Illustration937 2007-04-18 34 A suitable trust structure also ensures that your legacy to your children remains safe from creditors in case of bankruptcy BT ADVERTORIAL TRUSTS are an important tool in planning your legacy and preserving the value of assets you wish to leave937 words
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Article158 2007-04-18 34 YOU have bought an AIA Platinum Legacy policy which pays out US$4 mtton at death. But your children are too young to cope with such a large inheritance in the unfortunate event of your sudden death. You would prefer that they start receiving the money only158 words
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Article, Illustration1792 2007-04-18 35 WONG SUI JAU - Be a realistic investor as even Warren Buffett has achieved just 21% annualised return over the years MONEY MATTERS WONG SUI JAU WHEN presented with or considering any investment scheme, it is always important to ask yourself, "What are you investing into?" Also, are the1,792 words
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510 2007-04-18 35 By GENEVIEVE CUA A STRONG equity market in the midst of concern over a slowing US economy and the risk of contagion in the US sub-prime mortgage segment are not signalling a bubble, says Leon Goldfeld, HSBC Investments chief investment officer. Mr510 words
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Article, Illustration1080 2007-04-18 36 GENEVIEVE CUA - But strategists warn of bumpy ride from second quarter, reports GENEVIEVE CUA GENEVIEVE CUA SINGAPORE and Malaysian equity funds were the top performers in the first quarter, shrugging off a sharp midFebruary correction to post double digit gains by end-March. But fund1,080 words
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Page 32 Advertisements
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Advertisement159 2007-04-18 32 rspt^ JUBT4W9BB ■1 CFDs are a flexible and cost-efficient way to trade on Singapore and international shares, tCC\ OQQ 5118 IGo long or short of shares on margin, putting up a fraction of the full contract value. k t m Guaranteed market prices, and low commissions 24-hour dealing on global159 words
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Advertisement38 2007-04-18 32 I 5 r plus C® ooo) j& M M M .idi'':«-.- OHO M iMO vv »A jWWIICWWIB, SMS IUU3 10 v^§ aaa a a Radio 100.3 is managed by tK/to SPH Unionworks, a subsidiary of Singapore Press Holdings38 words
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Advertisement559 2007-04-18 33 He t ■^^mgiraii||||uM|a»n«mdia^^^^B^^l|H BBSS JKSUEk Bk fl ft 1 .«B .jS Don't miss this opportunity to invest in DBS High Notes 5. >58 The latest in DBS High Notes Series is here. With DBS High Notes 5, you'll enjoy: £g A potential total payout of 27.5% 1 on your principal559 words
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Advertisement97 2007-04-18 34 one plan a lifetime of rewards Investing in AIA Platinum Legacy is a premier investment for the long-term, keeping your legacy safe for your family and youf business. It is the key universal life insurance plan that gives affluent individuals like you the privilege to strike a balance between capital97 words
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Advertisement90 2007-04-18 35 Join us using this system, writing your own pay checks in your home comfort! had lost lots of money in the T3B System helps me make really good market. Using your system, I had money regularly at home. Thanks Keane recovered all my losses and made for helping me to90 words
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Advertisement276 2007-04-18 35 ■M nanyang TECHNOLOGICAL f UNIVERSITY f > fgjir Nanyang Business School Global Leadership for SMEs in the From the Business School that brought you Singapore's #1* Asian Century To help SMEs grow in today's dynamic global Nanyang Executive MBA Program A cut above the rest marketplace, NTU offers two programs276 words
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Advertisement17 2007-04-18 36 v. <: 'T'^.^^ MMW* I nf:- w£%W' -.-J- -v-'" 4 ••>t- •< yS-*i^^^f;^-'- '-^^^^s^^^^!^^HBjß|Hß||J •:\-{^i'*:*'*i' i >.' E* SJL> <is£17 words
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Advertisement12 2007-04-18 36 MONEY MATTERS Are you a better investor than Warren Buffett? PG3S jD12 words
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