The Business Times, 19 April 2007
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2007-04-19
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The Business Times
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Title Section26 2007-04-19 1 THE BUSINESS TIMES Thursday, April 19,2007 1 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 m ii a mmi ■■>■!—MM— online at http://business4imes.asial.com.sg SINGAPORE 85 cents26 words
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Article, Illustration686 2007-04-19 1 MICHELLE QUAH - He will also make arrangements to assign his financial interest in PFI to a trust By MICHELLE QUAH [SINGAPORE] Singapore Exchange (SGX) chief Hsieh Fu Hua has resigned his directorship of Prime Founders Inc (PFI) and arranged for his stake in the group to be686 words
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Article136 2007-04-19 1 sn 3,400.41 (-14.91) ST INDEX FUTURES 3,386.00 (-15.00) simsq 419.05 (-1.35) SIMSQ FUTURES 415.30 (-3.80) MARKETS Wednesday Change KLCOMP 1,328.63 -1.63 NIKKEI 225 17,667.33 +139.88 HANG SENG 20,777.09 -1151 SET INDEX 692.27 -2.76 JAKARTA COMP 1,959.68 -5.76 MANILA COMP 3,295.28 -22.89 SEOUL COMP 1,534.58 +5.92 SHENZHEN 8 562.95136 words
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754 2007-04-19 1 AMIT ROY CHOUDHURY - This will create 150 high skilled jobs in cutting edge areas By AMIT ROY CHOUDHURY [SINGAPORE] German j semicon giant Infineon Technologies yesterday an- j nounced a $400 million ad- j ditional investment in its R&D (research and devel- j opment) centre754 words
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Page 1 Advertisements
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Advertisement41 2007-04-19 1 M'SIA PROPERTY The people and inspiration behind OneKL PAGE3I BT ONLINE BT print subscribers Mt free access to the Business Times Online. To activate your account lonon to http: //business-times, asial .com jg. For more informatics* e-mail btocs@sph.com§g or call 6388-3838.41 words
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Advertisement38 2007-04-19 1 PROPERTY UNESCAP ANNUAL REVIEW Repeat of February market turmoil not ruled out PAGE 2 Trade pacts going counter to goal of trade expansion PAGE 12 Denying Asia-Pac females jobs and studies costs plenty PAGE 12 11l 8 "*****1"*****438 words
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Advertisement86 2007-04-19 1 NINA WANG Mm woman pageu US TECH EARNINGS Results revive fears of slowing profits PAGE 17 Jfli |T« V JqH 11 f //y i >' QuH BB|H P R.^l Jj& COMMENTARY OCBC is on to a good thing with Fair Price Plus PAGE 4 (.1 K-l fCui 1 1 Kb->86 words
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TOP STORIES
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467 2007-04-19 2 ANNA TEO - Exchange rate management is a major challenge By ANNA TEO [SINGAPORE] A repeat of the February equity market roil and more financial market turbulence "cannot be ruled out" over the year, says a United Nations agency. In its latest annual review, the UN467 words
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Article, Illustration897 2007-04-19 2 KALPANA RASHIWALA - Bank plans to grow staff strength to 6,000 by 2010 from the current 3,800 By KALPANA RASHIWALA [SINGAPORE] Standard Chartered Bank yesterday announced plans to set up its biggest office anywhere in the world at the new Marina Bay897 words
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390 2007-04-19 2 By OUR CORRESPONDENT in Bangkok there are suggestions that the military may be concerned about a continuing groundswell of support in the provinces for ousted prime minister Thaksin Shinawatra. Ministers in charge of the economy may not be affected by the cabinet changes.390 words
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Article431 2007-04-19 2 OCBC ties up with FairPrice for mass market push OCBC Bank yesterday fired the first salvo in its new push into the heartland through its tie-up with NTUC FairPrice a no-frills savings account that pays interest at up to four times the market rate. The FairPrice Plus Super431 words
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Article, Illustration678 2007-04-19 4 CONRAD TAN - Tie-up includes higher-interest account card for FairPrice payments By CONRAD TAN [SINGAPORE] OCBC Bank yesterday fired the first salvo in its new push into the heartland through its tie-up with NTUC Fair Price a no-frills savings account that pays interest at up toARTHUR LEE - 678 words
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538 2007-04-19 4 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG ORANGE and not its trademark red is the colour of OCBC Bank's assault on the mass market. And if anything, the break with tradition is a reflection of the new business paradigm the bank538 words
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467 2007-04-19 4 MATTHEW PHAN - PUB and Dutch partners testing process technology By MATTHEW PHAN NEWATER could be produced with a fifth less energy than is currently needed, if a process technology the Public Utilities Board is pi-lot-testing in collaboration with the Kiwa Water Research of the467 words
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Page 2 Advertisements
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Advertisement128 2007-04-19 2 Request for Proposal 2nd District Cooling System (DCS) Plant in Fusionopolis 2A one-north JTC Corporation is inviting all interested utilities suppliers to submit their proposals for the 2nd DCS plant in one-north. To Build, Own and Operate 2nd DCS plant in one-north Proposed plant wiH be located in the basement(s)128 words
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Advertisement85 2007-04-19 2 I mil mii/ Our qualified professionals can assist you with off short British Virgin Islands Cayman Islands Mauritius Hongkong nil II ■m. m SaiTKM Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and85 words
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Advertisement29 2007-04-19 2 people r r *t u "l 6 includes Fortune 500 companies. V.til' II;( l| Ilc.lt V. I.lk < >111 A' M I ',|I ifli I ■> I itl>. Sc. ll' I)29 words
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Page 3 Advertisements
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Advertisement224 2007-04-19 3 Orevrai fq J HOUSE flHr Aviation and Shipping Caltex Lubricants Caltex Singapore Retail Commercial and Asphalt Gas and New Power Generation BSBH Human Resources and Administration Supply and Trading I M I miwu— I|| I '~rn*iwwwj:v tfIF Caltex House is now Chevron House On 19 April 2007, Caltex House a224 words
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Page 4 Advertisements
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Advertisement40 2007-04-19 4 BEST FARES FROM SGD 788 BT ONUNE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asia 1 .com.sg. For more information, e-mail btocs@sph.com.sg orcall 6388-3838. DON'T MISS THE BOAT (SHOW)40 words
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COMPANY NEWS
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Article, Illustration513 2007-04-19 5 WONG WEI KONG - AGM WATCH WONG WEI KONG Senior Correspondent THERE will be a question close to the hearts and pockets of OCBC Bank shareholders when they meet at the bank's annual general meeting and EGM later today. Will the bank be returning more cash to513 words
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Article, Illustration495 2007-04-19 5 SIOW LI SEN - By SIOW LI SEN STARHUB chairman Tan Guong Ching yesterday breezed through the company's ninth shareholders meeting, wrapping up all resolutions including those tabled for an extraordinary session in less than 45 minutes. All of the questions at the meeting itself came495 words
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Article693 2007-04-19 6 MICHELLE QUAH - Shareholder group wants entire board to make way for new blood By MICHELLE QUAH JUST when the troubles of Daka Designs look to be over, a fresh row appears to be brewing. BT has learnt that a group of shareholders has taken issue with how693 words
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Article, Illustration434 2007-04-19 6 ARTHUR SIM - By ARTHUR SIM INDUSTRIAL properties are on the rise, with Ascendas Real Estate Investment Trust (A-Reit) saying yesterday that the value of its portfolio is up $148.9 million, or 4.9 per cent, from a year earlier. As a result, net asset valueFILE PHOTO - 434 words
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Article, Illustration561 2007-04-19 6 UMA SHANKARI - By UMA SHANKARI PROPERTY developers Koh Brothers and Heeton Holdings yesterday announced their new high-end project in the Leonie Hill area, saying that they will continue to look for more land sites in the prime districts, both individually and as561 words
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256 2007-04-19 6 UNITED Overseas Bank (UOB) yesterday launched a new branch aimed at heartlanders at Ang Mo Kio's latest shopping attraction. The 7,000 square foot mega-branch in the recently opened Ang Mo Kio Hub shopping mall is the bank's second largest, after its256 words
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311 2007-04-19 7 TETTYANA JASLI - Profit fall largely due to absence of one-time gain By TETTYANA JASLI PRINTER SNP Corporation yesterday reported a 77 per cent drop in first-quarter net profit to $2.3 million, largely due to the absence of a one-time gain as seen last311 words
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145 2007-04-19 7 Bloomberg SHARES of United Test Assembly Centre Ltd (Utac), Singapore's second-largest provider of computer chip-testing services, fell the most in a month and a half after ÜBS AG cut its rating on the company to "neutral". The stock declined 4.2 per cent, theBloomberg - 145 words
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Article181 2007-04-19 7 C20 plans to buy developer for $20m C20 Holdings is looking to take over property development company Green Aces Development Pte Ltd, a wholly owned subsidiary of Ace Dynamics, for $20 million. The purchase price is subject to an independent valuation. C20 will pay for the deal by181 words
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350 2007-04-19 7 IPO WATCH Reuters [BANGKOK] Thai Copper Industries PCL, Thailand's only copper smelter, said yesterday that it is postponing a US$25O million initial public offering in Singapore in September by at least a year after a one-month plant shutdown. "The shutdown cost us aboutReuters - 350 words
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Page 5 Advertisements
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Advertisement27 2007-04-19 5 Ml jj BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. AT-ii i notices27 words
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Advertisement432 2007-04-19 5 tiMtftoirffiiftiitr -trirM'^iSa'Tifr■ r "■*ft-ifrr f' A r Thank you for supporting our award-winning funds. With 79 awards in 12 years, we are working even harder to win our next ones just for you. At DBS Asset Management ("DBSAM"), we understand that building The Edge-Upper Singapore Fund Awards 2007 your wealth432 words
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Page 6 Advertisements
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Advertisement220 2007-04-19 6 Regus Ready-to-use offices V VJHIHA vfl yj^ffl^^Q V Regus makes it easy for you to open an office instantly: Offices staffed and equipped ready-to-go Quick move-ins and move-Outs Upsize or downsize as your business needs Pay-as-you-go for services and meeting rooms Flexible terms to suit your needs 'Offer valid until220 words
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Advertisement31 2007-04-19 6 r y -1L J\ 5 viy* Jill CjOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. r» at^ NOTICES31 words
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Page 7 Advertisements
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Advertisement178 2007-04-19 7 After three generations, |u we're ready to give you a century. 828 (At less than cost.) H see them at M I www.nassanscarpets.com ti A hundred handknotted carpets. A hundred is definitely the time. No wondering if it's a handpicked carpets out of the thousands at deal, No outbidding others,178 words
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SINGAPORE MARKETS
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Article, Illustration542 2007-04-19 8 R SIVANITHY - STOCKS ST Index loses grip on gains and ends 14.9 points lower after Dow futures decline sets in R SIVANITHY Senior Correspondent GIVEN the near-per-fect correlation the local market shares with Hong Kong, Japan and the futures market for US indices, it should comeSource: Bloomberg - 542 words
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Article, Illustration916 2007-04-19 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Until Up Down Undi Up Down Unch Multi Ind 8 7 2___ 0 1 0 8 8 2 Manufacturing 73 89 59 22 17 14 95 106 73 Commerce 20 32 25 11 7 3 31 39 28 Tpt/Stor/Comms 17 15 10916 words
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Article, Illustration885 2007-04-19 8 UMA SHANKARI - Compiled by UMA SHANKARI Ho Bee Investment April 18 dose: $237 UOB KAY MAN RESEARCH. April 18 REAPING the rewards from Sentosa Cove.- Ho Bee is the biggest Sentosa developer and is still reaping rewards for making the first move to Sentosa. The Coast in Sentosa Cove remainsSource: Bloombeg; Source - 885 words
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Article, Illustration510 2007-04-19 8 CURRENCIES Reuters [LONDON] The US dollar sank to a 26year trough against sterling and a 22year low versus the New Zealand dollar yesterday, as expectations for US rate cuts contrasted with forecasts for further monetary tightening in other countries. The greenback heldReuters; AFP - 510 words
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SINGAPORE NEWS
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323 2007-04-19 9 TETTYANA JASLI - By TETTYANA JASLI FORMER National Trades Union Congress (NTUC) secretary-general Lim Boon Heng will receive the "Distinguished Comrade of Labour" award, the highest honour, at the May Day Awards on April 29 at the Suntec City Convention Centre. The323 words
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Article, Illustration421 2007-04-19 9 MATTHEW PHAN - Few institutions worldwide are at forefront in this field, he says By MATTHEW PHAN NATIONAL Research Foundation chairman Tony Tan urged a senior-level delegation from Singapore to strengthen ties with Dutch partners in the field of water research, saying only a smallRAY CHUA/LIANHE ZAOBAO - 421 words
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Article213 2007-04-19 9 COE premiums continued their rise across the board yesterday, leaving some of the major players in the market somewhat surprised. "Actually, we thought that this round of premiums would stabilise or at most increase slightly because it has been pretty quiet in the big boys'213 words
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265 2007-04-19 9 GLOBAL business bigwigs such as Tata Group chairman Ratan Tata and John Allan, chief executive of DHL Logistics, have flown into Singapore to discuss the country's growth strategies with Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew.265 words
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144 2007-04-19 9 Reuters SWISS private bank Julius Baer is set to hire a team of nine private bankers in Singapore from Belgian-Dutch financial services group Fortis, sources said yesterday. The move is the latest in a series of job hops in the city-state's wealthmanagementReuters - 144 words
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Article375 2007-04-19 9 PAMELA CHEW - BUSINESS FOR THE ENVIRONMENT US firm committed to being a good corporate citizen By PAMELA CHEW GLOBAL citizenship and business success go hand in hand for US multinational Hewlett-Packard. With a long-standing commitment to corporate responsibility, HP has maintained and promoted energy efficiency, encouraged375 words
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Article, Illustration466 2007-04-19 9 PAMELA CHEW - By PAMELA CHEW THERE is a concerted push for greater energy efficiency in the Asia-Pacific region in light of the climate change challenge. And lighting maker Osram has reaffirmed its commitment to eco-friendly products on the first day of the Global Business SummitYEN MENG JIIN - 466 words
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205 2007-04-19 9 MORE than 500 business leaders gather in Singapore today and tomorrow to discuss environmental issues related to growth and global climate change. The Global Business Summit for the Environment (B4E) is the first major international conference on business and the environment. Delegates from205 words
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266 2007-04-19 9 THE Straits Times School Pocket Money Fund raised $3.2 million for needy youngsters last year. And the National Council of Social Service (NCSS) will jointly administer the money to help poorer families with incidental costs of schooling. "The fund has so266 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1189 2007-04-19 10 CHUANG PECK MING - The region is the place to be for S'pore oil and gas supporting companies big and small, reports CHUANG PECK MING CHUANG PECK MING NOWHERE is oil such a big business involving such high stakes as in the Middle East, where overFILE PHOTOS - 1,189 words
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490 2007-04-19 10 SINGAPORE-BASED Zicom once supplied oil and gas equipment to the Middle East. But as the company's managing director GL Sim pointed out, that was an on-and-off sale. The quantity involved was small and it was some years ago. Zicom is now taking a490 words
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Page 10 Advertisements
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Advertisement155 2007-04-19 10 r— Jumpstart Your Market Research and Intelligence Gathering with Us Did You Know... our International Enterprise Singapore Resource Centre offers ft* Enjoy a one-day FREE access to the Resource Centre 22 online resources and over 10,000 print publications to help and a 30% discount off our 12-month membership*. jMfcr you155 words
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Advertisement8 2007-04-19 10 13 sssr* The Business Times J vwGAPcmt llnjipofi8 words
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Page 11 Advertisements
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Advertisement1636 2007-04-19 11 in HONG LEONG FINANCE LIMITED and its subsidiaries (incorporated in the Republic of Singapore) Company Registration Numberl96loooo3D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2006 CURRENT BOARD OF DIRECTORS imdhdtamt Executive: IMrUKTAIM I Kwek Leng geng Chairman Managing Director The following financial information contains only a summary of1,636 words
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ECONOMY WATCH
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339 2007-04-19 12 ANNA TEO - Reports by ANNA TEO [SINGAPORE] Blocking the access of women and girls to education and employment costs Asia-Pacific economies some US$BO billion a year. And that's just the economic cost, without totting up the social and personal costs, says UNESCAP. While the339 words
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Article, Illustration695 2007-04-19 12 Mr Bush's authority to fast-track trade deals expires on June 30 AP [GENEVA] The final "window of opportunity" for a new global free trade deal might just have slammed shut, according to analysts closely watching the World Trade Organization negotiations. Having alreadyAP - 695 words
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283 2007-04-19 12 UNESCAP ANNUAL REVIEW Most bilateral pacts don't comply with common WTO aims [SINGAPORE] The proliferation of bilateral and regional trade agreements is now a fact of life. But too many of these pacts are being steered by politics and foreign policy283 words
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378 2007-04-19 12 Bloomberg [KUALA LUMPUR] Malaysia's inflation eased in March to the lowest level since August 2004 as the effect of a fuel price increase a year earlier faded, giving the central bank room to keep rates low to shore up growth as exports slow.Bloomberg - 378 words
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Page 12 Advertisements
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Advertisement715 2007-04-19 12 ■1 < 1 V ~V >. &<'■• 1,111 <£■ 4 I I opened in China I linl st quarter I I I CHINA BEARING (SINGAPORE) LTD. (Incorporated In Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate has been reported lost. Name Certificate No Number of715 words
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Advertisement62 2007-04-19 12 HBpl IRHHF kumya Japan*** Restaurant M H secretary than a rewarding treat at Kuriya. Make an appointment with your secretary today! April Secretary Special Set Ss30 i ft. 30th April 07 Today's Special Starter Chinese-style Wakarae Salmon Amaebi Sashimi Miso soup California Roll Sushi Milk-flavoured Gelatinous Japanese cake Grilled Chicken62 words
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MALAYSIA/INDONESIA
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Article2487 2007-04-19 13 VOL ApfU KM C000) A 4 M Realty .2.19 -0.06 574 Abric Bhd .032 -0.01 58 Acp Industries 1.88 -0.05 455 Advance Synergy 0.37 unch 3084 Advents Bhd 1.02 0.03 1817 Ae Multi Hldgs 0.34 -0.02 190 Affin Holdings .2.44 -0.02 3517 Ahmad Zaki Resou 2.75 unch 612,487 words
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Article, Illustration801 2007-04-19 13 S JAYASANKARAN - Tenaga joins growing list of companies giving higher payouts By S JAYASANKARAN in Kuala Lumpur AT the close of trading on Monday, power utility Tenaga Nasional promised that from financial year 2007, it would adopt a policy of paying 40-60 per cent of its freeAFP - 801 words
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632 2007-04-19 13 LAUREL TEO - But officials evasive after Yudhoyono meets VP Kalla By LAUREL TEO in Jakarta SPECULATION on a cabinet reshuffle has hit fever pitch here, following a one-on-one meeting on Tuesday between President Susilo Bambang Yudhoyono and his deputy Jusuf Kalla. While a reshuffle is widely632 words
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308 2007-04-19 13 Reuters AFP [KUALA LUMPUR] Malaysian state carmaker Proton Holdings Bhd should not be sold to a foreign car firm, Proton adviser and former premier Mahathir Mohamad said yesterday. "If you sell to a foreign company, it is no longer a national car," saidReuters; AFP - 308 words
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178 2007-04-19 13 Reuters [KUALA LUMPUR] Malaysia's central bank has issued a revised capital framework for banks and insurers to promote greater protection for the stakeholders, particularly depositors and policy holders, it said yesterday. The capital framework for banks, based on the standardised approaches under BaselReuters - 178 words
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Page 13 Advertisements
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Advertisement17 2007-04-19 13 Smbedge x The Pulse of SMBs in Asia Today Before http://www.smbedge.com/crm m 0 w Hardware Zone NOTICES17 words
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GREATER CHINA
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165 2007-04-19 14 AFP [HONG KONG] Hong Kong's booming financial houses underpay their junior staff and overpay their senior financiers, a survey of pay scales in the Chinese city revealed on Tuesday. Compared to other major world business centres, Hong Kong's entry-level finance and accountancy employees getAFP - 165 words
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315 2007-04-19 14 ASE says it found the US private equity group's US$5.5b bid low AP AFP [TAlPEl] US private equity firm Carlyle Group has decided to withdraw a U555.49 billion offer to buy out Taiwan's Advanced Semiconductor Engineering, the Taiwanese company said in a stockAP; AFP - 315 words
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Article, Illustration556 2007-04-19 14 Many of HK's elite bid farewell to tycoon Nina Wang AFP [HONG KONG] Asia's richest woman Nina Wang was given an extravagant funeral send-off yesterday attended by many of Hong Kong's rich and powerful, amid feverish speculation over who will inherit her fortune. Shanghai-bornAFP; PHOTOS: BLOOMBERG - 556 words
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286 2007-04-19 14 AFP [foONG KONG] An accountancy firm has cleared a Macau bank of handling counterfeit US currency for North Korea, a report said yesterday, adding a new twist to Pyongyang's disarmament saga. Some US$24 million of North Korean assets were frozen in the accounts ofAFP - 286 words
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Page 14 Advertisements
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Advertisement291 2007-04-19 14 fL iHEj Wm B> V" r T IW' ifnotialm 10 cttta such as BmSk^P Yes! I would like to subscribe to 1 year of The Business Times at $265. Name: (Mr/Ms/Mdm): NRIC: Address: Postal Code: Contact Nos.: (H) (O) (Hp) Occupation: Email: Are you a current subscriber? Yes/No If Yes,291 words
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Advertisement60 2007-04-19 14 Radio 100.3 is interested to contact the viewers of ex-Channel UTalkshow "A ASS" listeners of radio Talkshow Please tune in to Radio 100.3 on Mondays, Wednesdays Fridays, 7pm to Bpm. 1* K0 v IV- > P Wen Hong (right), Ming De (centre), Shen Jiang (bottom left), Li Mei (top left).60 words
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INDIA
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372 2007-04-19 15 It plans to invest 700m-1b rupees for a minority stake in First Flight: sources [MUMBAI] Singapore's Temasek Holdings is in the reckoning to pick up a strategic minority stake in Mumbai-based logistics company First Flight. Informed sources said Temasek could invest around 700372 words
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Article, Illustration331 2007-04-19 15 [MUMBAI] The Reserve Bank of India (RBI) is seriously considering the option of clamping down on overseas financing for real estate in a bid to contain inflation, Business Standard reported. The paper said the clampdown will be part of aBLOOMBERG - 331 words
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182 2007-04-19 15 Reuters [MUMBAI] Shares of Tata Steel fell as much as 6.1 per cent yesterday on concerns that its plans to issue new equity to fund the takeover of Corus Group Pic would reduce earnings per share. Tata Steel said after market hours onReuters - 182 words
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Page 15 Advertisements
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Advertisement264 2007-04-19 15 Club Card v> w 4,«/r64i***** M a World of Exclusive Privileges Treats Diners Club I icicic.cliners.com.sg International' W" l 23-29 April 2007 Adult $29 -80~ .KI 1 ***Kl a urt ForiwtvUon^pl—ww>Mmm/6MI>WI B si':,. 1 I yWa omiftof m*imm*mm*mwt W S II HOTEL PHOENIX ■M mM uon j JnOWWW* -..-1... 277264 words
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Advertisement62 2007-04-19 15 A SALUTE TO OUR SECRETARIES 23 27 April 2007 Salute your secretary with sumptuous feast and 'A Gift of Wellness', which includes a two week membership at St Gregory and a Tea Appreciation session at Tian Fu Teahouse. ■jg" PARKROYAL Park royal on Bcach Road. Tel: 65-6298 0011 Parfcroyal on62 words
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MIDDLE EAST
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Article, Illustration488 2007-04-19 16 Debt estimated at between US$15b and US$18b LATWP [WASHINGTON] Saudi Arabia will forgive 80 per cent of the more than US$l5 billion that Iraq owes the kingdom, Iraqi and Saudi officials said on Tuesday, The gesture is a major step given Saudi reluctanceLATWP; REUTERS - 488 words
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139 2007-04-19 16 AP [RIYADH] Saudi Arabia's King Abdullah on Tuesday launched several investment projects worth a combined US$32 billion to revamp the capital city and surrounding area. The projects that involve both the public and private sectors include the construction of the King Abdullah Financial Center, shoppingAP - 139 words
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Article6935 2007-04-19 16 UNIT TRUSTS FUNDS ABM Amro Asset Mat (S'pore) Star Europe Eqty!" 1.115/ Star Europe Bond 1186/ Star Europe Bal -1.264/ Star Asian Tiger Eqty 1371/ Star Asia Bond 1 318 Star Asia Balanced 1.11V Star Global Technology Fundi" 0.216/ MultiStM 0.979/ Star Asa MM OI» ObMufcStUSb.... 1165/ Asia Bond fd6,935 words
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Page 16 Advertisements
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Advertisement43 2007-04-19 16 Allianz Global Investors one of the world's largest asset managers with more Allianz than US$l.2 trillion assets under management as at 31 December 2006. Global investors v-J company no IWJO/lfW FOR US, IT'S THE SILVERWARE IN 7 r p oc^ THAT r Ml43 words
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ASIA-PACIFIC/WORLD
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444 2007-04-19 17 Reuters [NEW YORK] US regulators are growing increasingly concerned that financial companies may be manipulating a change in accounting rules to avoid recognising investment losses in their earnings. Securities and Exchange Commission (SEC) staff warned auditors in conference calls this weekReuters - 444 words
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Article, Illustration796 2007-04-19 17 IBM meets earnings forecasts but Yahoo and Seagate report profit fall and Motorola bleeds Bloomberg Reuters [NEW YORK] Earnings from technology bellweathers have revived market concerns that profit growth is slowing. IBM Corp, the world's biggest computer services company, reported firstquarter netBloomberg; Reuters; AP - 796 words
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447 2007-04-19 17 Bloomberg [LONDON] ABN Amro Holding's refusal to meet rival bidders to Barclays before next week is "disingenuous and disadvantageous for shareholders", according to TCI Fund Management. ABN Amro on Tuesday extended exclusive takeover talks with Barclays for the next three days. TheBloomberg - 447 words
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353 2007-04-19 17 Bloomberg AFP Reuters [OTTAWA] Research in Motion Ltd (RIM) said yesterday that a network outage overnight had stunted its hugely popular wireless Blackberry e-mail service, but messaging to "most" of its handsets had been restored. "A service interruption occurred Tuesday night that affected Blackßerry inBloomberg; AFP; Reuters - 353 words
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356 2007-04-19 17 Bloomberg Reuters [NEW YORK] JPMorgan Chase Co said yesterday that first-quarter profit rose to a record after fees from arranging mergers and stock and bond sales offset higher credit losses in consumer banking and credit cards. Net income climbed 55 per centBloomberg; Reuters - 356 words
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Page 17 Advertisements
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Advertisement55 2007-04-19 17 HHH The craze happens tomorrow! We have $10,000 in cash and 3 sets of the latest Nokia Mi l' 1 N93i multimedia device worth $1188 each to be given away! Don't miss your chance to win! MH SHI S Look out for contest details in The Straits Times, The New55 words
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AVIATION
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Article, Illustration757 2007-04-19 18 VEN SREENIVASAN - NEWS ANALYSIS But weakening freight market, capacity crunch pose challenges for some VEN SREENIVASAN Senior Correspondent ASIA-Pacific airlines could be looking at a bumper profit year, thanks to robust passenger traffic growth. Passenger traffic for Singapore Airlines (SLA) surged 10 per centFILE PHOTO - 757 words
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Article2363 2007-04-19 18 CITY FU6MT CTA FLIGHT FTP Abu Dhabi SQ455 1230 SQ456 1300 Adelaide LH9771 1750 AF8088 2230 SQ268 1750 BA7382 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SQ269 2345 Ahmedabad 5Q530 1930 Amsterdam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 15552,363 words
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Article215 2007-04-19 18 [SINGAPORE] Singapore Airlines (SLA) is now offering selfprinted 2D-barcode boarding pass facility across more than half of its global network. These passes are accepted at 37 of the airline's 64 international stations, with more coming soon, making it the first carrier in Asia-Pacific to215 words
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302 2007-04-19 18 Some shares sold on open market at discount to offer Bloomberg [SYDNEY] Macquarie Bank ltd and its buyout partners has said that some shareholders cancelled plans to sell into the Asll.l billion (5513.9 billion) takeover bid for Qantas Airways Ltd, Australia's largest airline.Bloomberg - 302 words
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333 2007-04-19 18 TAMARA MOHANAN KUPPUSAMY - By TAMARA MOHANAN KUPPUSAMY TIGER Airways almost doubled passenger numbers from 800,000 to 1.5 million in its financial year ended March 31,2007. It also sold 63.5 per cent more seats and flew 11,000 flights. "Tiger has started to firmly establish itself as one333 words
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394 2007-04-19 18 AFP [JAKARTA] Only half of Indonesia's 19 major airports comply with international safety standards, a top gov-. ernment transport official said yesterday, further fuelling fears about the nation's aviation industry. One day after the United States advised its citizens not to use IndonesianAFP - 394 words
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Page 18 Miscellaneous
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Miscellaneous293 2007-04-19 18 CRYPTIC CROSSWORD 7 Girl's front on settee (5) 10 Truculent flipping lout? Run L^— —-LaJ Lmv U Lna away Hl— 11 Tester is able to work before day's end (6) God's cross overturned (4) 13 Stupid grin to an eccentric (8) 15 Reform please, after right's "ll I I I293 words
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SHIPPING
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Article, Illustration744 2007-04-19 19 DONALD URQUHART - It opens new training centre in Makati to meet future demand Reports by DONALD URQUHART in Manila ON the cusp of a global seafarer shortage, Singaporebased tanker management specialist Thome Ship Management has expanded its presence in the Philippines, with a new state-of-the-art744 words
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358 2007-04-19 19 [MANILA] The Philippines is embarking on a major consolidation and revamp of its maritime legal framework to create a new National Maritime Code, as it seeks to "revitalise and strengthen" its maritime sector, according to a government official. "We need to revitalise and strengthen the358 words
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Article, Illustration456 2007-04-19 19 Bloomberg [HONG KONG] Tianjin Port Development Holdings Ltd, an operator at China's sixth-busiest container port, raised its second-half profit 40 per cent as the country's surging trade boosted sea cargo demand. Net income climbed to HK$lOO million (5519.4 million) in the six months endedBloomberg; FILFE PHOTO - 456 words
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172 2007-04-19 19 AP [ATHENS! The sinking of a cruise ship off the island of Santorini and the resulting oil spill are not expected to dampen strong holiday bookings expected for Greece this summer, the head of a world tourism body said. Two FrenchAP - 172 words
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427 2007-04-19 19 Bloomberg [LONDON] JPMorgan Chase Co was accused of advising one of its private banking clients to invest hundreds of millions of dollars in high-risk Russian debt, triggering big losses when the country's currency collapsed. The Polemis family, one of Greece'sBloomberg - 427 words
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223 2007-04-19 19 Bloomberg [TOKYO] Japan's shipbuilding industry, the world's thirdbiggest by tonnage for new contracts, received 59 per cent fewer orders in the first quarter after a surge of orders last year didn't repeat and yards focus on more profitable ships. Orders fell to 1.55Bloomberg - 223 words
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190 2007-04-19 19 Bloomberg [MOSCOW] Russia plans to build the world's longest tunnel, a transport and pipeline link under the Bering Strait to Alaska, as part of a US$65 billion project to supply the US with oil, natural gas and electricity from Siberia. The project, whichBloomberg - 190 words
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Article279 2007-04-19 19 SGX '000 Apr II S$ W- Vol Ch Offshore .0.46 0.01 2019 Chuan Hup Hldgs .0.34 -0.01 1615 Cosco Corp .2.92 0.05 9459 Cwt Limited 1.25 unch 603 Ezra Hldgs 5 JO unch 770 Freight Links J.11 unch 6883 Grand Banks 1.05 unch 30 Java Hold Ltd 1.44279 words
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Page 19 Advertisements
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Advertisement52 2007-04-19 19 V > V Eligible participants for The Business limes Cisco Unified Advantage Contest have been selected. However, Cisco has postponed the announcement of the winner until 31 May, 2007. The result will be published In The Business Times. Organised by Sponsored by THE BUSINESS TIMES "c'isco" EIM Tou hbase MM52 words
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EDITORIAL & OPINION
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534 2007-04-19 20 EDITORIAL AS recently as 2004, when interest rates had begun to inch up, risk aversion was still palpable among many investors. Not so today. The robust appreciation of various assets equities and properties, in particular—has given a welcome boost to household balance534 words
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Article, Illustration1737 2007-04-19 20 STEPHEN ROACH - The region took the 1997-98 financial crisis as a major wake-up call reacting with a determination to build new safeguards that would prevent such an upheaval from recurring By STEPHEN ROACH ASIA is entering a new phase of its dynamic growth story. It is aBLOOMBERG - 1,737 words
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Article, Illustration836 2007-04-19 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IN a democracy, there is something unsettling about great extremes of wealth and poverty. One question today is whether rich Americans are claiming too much of the economic pie. Look atThe Washington Post Writers Group - 836 words
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Article, Illustration736 2007-04-19 21 TAN SHAO QIAN - Singaporeans stand to gain more than a first-class government from ministerial pay rise By TAN SHAO QIAN ARE you convinced by Lee Hsien Loong's argument? Pay a Singapore minister or the prime minister an annual income you would probably never be able to save in yourFILE PHOTO - 736 words
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Article, Illustration903 2007-04-19 21 ANTHONY ROWLEY - Forget about filling it regional governments will find even plugging it to some degree a stupendous task ANTHONY ROWLEY Tokyo Correspondent THINK of a number, multiply it by another, then add on any number of noughts you wish at the end and thereREUTERS - 903 words
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Article11272 2007-04-19 22 SGX MAINBOARD Transaction date: Apr 18 52 WV Tel Last Vol Day Last Quote Mv GrYM Net MCap High Low Code Company Sale *1- C000) High Low Buyer Mhr Cvt P/I $mil 35 2 5716 1st Software 2 SUSP 81 13 6 3148 STelecom 13cd *2 9066 1311,272 words
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Advertisement31 2007-04-19 22 jD DEFY TIME CONSTRAINTS .ggghA ParagonTel:W3s 0084-Raffles City Tel 6339 9185 PINK GOLD WATCH WITH CENTRE SECONDS AND DATE DISPLAY, EXCLUSIVE SELF-WINDING AUDEMARS PIQUET MOVEMENT. WATER-RESISTANT TO 20 METRES. Internet com31 words
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Article7168 2007-04-19 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In Si In US$ dy %yr %dy yr dy %yr Apr 17 Index Change Change Change Change Change Change World Index Preliminary 1155.8 0.1 5.0 0.3 4.8 0.3 6.2 t EAFE Preliminary 1170.9 -02 5.7 02 U M 7.9 Europe7,168 words
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Advertisement1871 2007-04-19 24 UK CONTINENT SERVICE U.M SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination 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,1,871 words
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Advertisement398 2007-04-19 24 vftr WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VfSStl VOT tAMP HEIGHT SIN LK MAO SAY Ml OtF TAUSMAN AF7I4 3201 mm 4.4 M 04/05 30/0S Ot/M 30/0* 16/04 14/04 TOUKOMG AL7O4 400Imh 4JM 14/0$ 23/04 30/04 01/07 TAtONGA tf 714 3201 mm 4.25* _31/05_ 22/04 01/07 05/07 10/07 01/07 New YeffcftHU398 words
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THE BUSINESS TIMES SHIPPING TIMES
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6233 2007-04-19 25 ETA ETA Advartisar Vassal Voyage Talaphona SIN Dcst'n Name Name Number Numbtf To ABU OHABI (AUH) 2004 U. A. Emirates 30/04 11/05 SCI EMIRATES WASl 716W *****355 07/05 18/05 SCI EMIRATES MARINA 717W *****355 To ADELAIDE (ADL) 2007 Australia 29/04 18/05 China Shpg KAMAKURA6,233 words
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Advertisement1255 2007-04-19 25 WAN HAI INTERNATIONAL PTE LTD a NO: IWSttOOOO/t V" T0:*****588 (MUNIS) FAX:*****163 \K|\\A/AIJ II Al I INE\ Cwto«irServke/BookingsDfoctUm-(1800)*****200 V V f fMil riMI LlllllJ m 1H;(03)*****MHUfc(03)*****2MPW HL104)*****00fWL(04)*****99 \> JOH TIL (07) 251H23 FAJL (07)151 Wll Sill HL (031)*****5 HUL (031) *****14/ *****05 *T 1H: IB21) S2S4IM NUb <021) S2S47W PIM1,255 words
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Advertisement915 2007-04-19 25 Ivissil VOY PKL I SIN I KHI PXB 6A6 PMM EIK KHO 1 MAN6AA6AII PC LB 196 28/04 39/04 OS/OS 11/05 12/05 It/05 20/05 22/05 MAN SATTAftI KLSI97 06/05 07/05 16/05 20/05 19/05 26/05 26/05 30/05 IRAN TABATABAEI KLSI9S 11/05 12/05 21/05 24/05 25/05 31/05 02/06 04/06 IVISStt VOY SIN915 words
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Advertisement639 2007-04-19 25 w WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ttSSH mi SW f IQXC COLOWO W SHEVA COLOMIO miAwwm mm iua m an—urn—2]J4L_ ami 2ija__atf! Em—ati*L_ MAMYIA 1 ODW 01 MAT BMW 05 MAY OtMAY 13 MAY ALSO ACCEPTMG FQ TO CO(Ml lUIKOHN t CO*639 words
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BizIT
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Article, Illustration624 2007-04-19 27 ROLAND LIM - It currently sees some 1,500 daily transactions in the region, writes ROLAND LIM ROLAND LIM Maybank yesterday announced the launch of its Visa money transfer service in Singapore, the first payment service here that allows its customers to transfer money to624 words
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Article, Illustration355 2007-04-19 27 ROLAND LIM - By ROLAND LIM TECHNOLOGY giants Intel and Microsoft, along with Asian Venture Capital Journal (AVCJ), Group Intelligence Inc and Red Herring Inc, yesterday launched a web portal that aims to match technology startups in the Asia-Pacific region with venture capitalists and governments.355 words
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1037 2007-04-19 27 COLIN BROOKES - <you say> With BPM, your staff don't leave before you capture what they know By COLIN BROOKES FROM cutting time to market to keeping up with compliance, there's no shortage of reasons why your company should adopt a business process management strategy.1,037 words
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560 2007-04-19 27 WINSTON CHAI - Market ex-Japan to grow 11% a year to US$1.53b in 2010 By WINSTON CHAI BUSINESSES are investing heavily in their back-end IT infrastructure to keep pace with the proliferation of bandwidth-sapping applications like Internet videosharing and the installation of new enterprise software. And560 words
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Article, Illustration179 2007-04-19 27 WINSTON CHAI - By WINSTON CHAI NOKIA has given one of its premium phones a golden makeover to tug at the purse strings of consumers who want more bling for their buck. The Finnish phone maker has launched a new 8800 Sirocco handset that is179 words
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684 2007-04-19 28 AMIT ROY CHOUDHURY - Revenue contribution from Asia rises 2% to 43% from previous quarter By AMIT ROY CHOUDHURY THE world's top hard disk drive maker, Seagate Technology, which yesterday reported a 23 per cent drop in fiscal third quarter net profit, said its revenue contribution from684 words
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212 2007-04-19 28 Reuters [SAN FRANCISCO] Yahoo Inc has expanded its recently upgraded Web search advertising system overseas and added an online payments service as part of its partnership with eßay, chairman Terry Semel said on Tuesday. Speaking to investors on a conference call following firstReuters - 212 words
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Article, Illustration410 2007-04-19 28 AP [SAN JOSE, California] Since Sun Microsystems Inc co-founder Scott McNealy stepped down as chief executive to focus on his chairmanship full-time, he has been spearheading a side project to transform education the way digital music upended the recording industry. Though it's notAP; FILE PHOTO - 410 words
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Page 27 Advertisements
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Advertisement9 2007-04-19 27 Seagate Q3 net slides 23% to USs2l2m. PG 289 words
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Page 28 Advertisements
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Advertisement127 2007-04-19 28 CommScope So, what's the big m deal about 10G? f VV hilt if wo s.nd you v ould nut ease t ho speed and Mr bandwidth of vout netwoik' Tiansfoi and stieam mo o JBmk JF d«it«i? Ac toss and tii'livoi infoi matu >>. f astot \Vith no m e127 words
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PROPERTY
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342 2007-04-19 29 Number of transactions down 3%, but sales value up to RM28.7b Bloomberg [KUALA LUMPUR] Malaysian developers sold fewer homes in 2006 as sales at new projects slumped for a fourth year, their worst performance since 2002 amid higher interest rates andBloomberg - 342 words
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285 2007-04-19 29 Bernama [KUALA LUMPUR] The Malaysian property market is expected to remain vigorous in the coming years amid a string of measures and initiatives undertaken by the government to further boost the sector, Deputy Finance Minister Ng Yen Yen said yesterday. "We expect a very positiveBernama - 285 words
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836 2007-04-19 31 PAULINE NG - OneKL apartments stand to benefit from scrapping of property gains tax By PAULINE NG in Kuala Lumpur THE name OneKL suggests that this development is one of a kind in Kuala Lumpur. And so it is. As well as the usual communal swimming836 words
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Article1699 2007-04-19 31 PROPERTY TRANSACTIONS LODGED BETWEEN APRIL 10AND APRIL 17.2007 PROJECT NAME/ PROP CONTRACT TENURE BUIU-tN AREA PRICE PSf STREET NAME TYPE DATE (SQ FT) ($$'000) District 1 NON-lAM)£D People's Park Cte Apt 28/03/2007 99 1 313 670 S10 IheSail ©Manna Bay Apt 28/03/2007 99 1647 2247 1364 The Sail Marina1,699 words
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Article, Illustration415 2007-04-19 32 UMA SHANKARI - The parks in Nagpur and Pune will cost US$375m in total By UMA SHANKARI ASCENDAS, one of Asia's largest suppliers of business space, yesterday said it will develop two IT business parks in India that will cost some US$375 million in all.415 words
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175 2007-04-19 32 AURA Park, a 20-year-old residential development on Holland Road, is for sale by tender. The 35,724 sq ft site, with a 1.4 plot ratio, has an indicative price of $55 million or $1,100 psf ppr, including a development charge of175 words
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304 2007-04-19 32 CHRISTINE SIM - By CHRISTINE SIM THE Esplanade Co Ltd announced yesterday that it will demolish its existing waterfront outdoor theatre to make way for a new $6 million one which will be four times bigger. Land will be reclaimed to extend the new theatre towards304 words
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Page 29 Advertisements
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Advertisement153 2007-04-19 29 Meyer Road Vicinity Land Area: 10,600 sf Plot Ratio: 2.1 Height: Up to 25 storeys 6-storey commercial building Within walking distance to Bugis MRT station Freehold Land Area: 4,900 sq ft Built-up Area: 23,300 sq ft 6PB Colonial New 2-sty+basement, Wading, Lap pool I 6rms+Family+Karaoke rms, Land 15Ksf. I GFA153 words
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Advertisement130 2007-04-19 29 savills Collective Sale of Aura park 53 Ho| and Road WATERFALL DUIAIMIO s gardens gardens Land Area: 3,318.9 sm (apprax 35,7245f) fA <IJ C) botanika •MP 2003 Plot Ratio: 1.4 (U/C) Tenure: Freehold Facing Holland Park GCB area V PAR If Walk to Tanglin Village and Botanic Gardens. M HOLLAND130 words
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Page 30 Advertisements
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Advertisement74 2007-04-19 30 (ffi\ Jones Lang LaSalle* congratulates Standard Chartered Bank and Marina Bay Financial Centre on signing the largest ever office leasing transaction in Singapore. I Jones Lang LaSalle is proud to have arranged this transaction. Jones Lang LaSalle's Markets team is the largest leasing team in Singapore and has successfully advised74 words
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Page 31 Advertisements
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Advertisement187 2007-04-19 31 I Site Area 65,500 sqft I Vj® plot Ratl :1 4 w* Walking distance to nm ££T Harbourfront MRT.Vivocity Located at the foothills of S| An opportunity to land bank a very WMp m *1 I scarce freehold residential f/OJ HH proximity to the Sentosa IRI casino Tft v»i'?vi Prime187 words
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Advertisement476 2007-04-19 32 ARDMORE II ROBERTSON BLUE Floor Area 2023 sqft Penthouse 1819 sqft 4+l Bedrooms 2 Bedrooms v TATE RESIDENCES ST THOMAS SUITES Floor Area 2195 sqft Floor Area 1810 3400 sqft 3+l Bedrooms 3/4 Bedrooms THE SAIL FOUR SEASONS PARK Floor Area 614-1485 sqft Floor Area 2260 sqft 1/2/3 Bedrooms 4+l476 words
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Advertisement64 2007-04-19 32 Beautiful Land 15,000 sqft PR Choke Cluny 15,000 sqft PR Choice Cornwall 15,000 sqft PR Choke Bishopgate 15,000 sqft PR Choke Ridout 17,000 sqft Value Swettenham Conservation $S.*M Tanglin 17,000 sqft Location Datveyl 7,000 sqft AAA Bin Tong Pk 25,000 sqft Grand Briray 51,000 sqft Subdivide White HsePk 16,300 sqft64 words
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Advertisement210 2007-04-19 32 J^"6lWTQP3OAdikwWBi fn toC Wr<^ CaknMN VhM|r4fl,s+l im wtlh ClubFadMes NCW iAUNQw at Grange Road, Orchard and Caimhtl Vtdnlty M J rWW W r II I RARE INVESTMENTOP^ I ALONG HALIFAX ROAD c 1 I I Site Area: 3,150.8 sq.m. A **»*> I 2003 Master Plan Zoning: Park g JfcfcsuuecT Permissible210 words
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Advertisement5 2007-04-19 32 Jason Chow 9673 7733 iatonchowfy>rof)n9x.com5 words
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