The Business Times, 24 April 2007

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Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION Tuesday, April 24,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 202/12/2006
    20 words
  • MAS sheds light on risk assessment
    • 395 1  - Paper sets out the regulator's thinking when supervising banks and other financial institutions By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday provided some insights into how it assesses the risk profile of banks and other financial institutions here. A 20-page document published yesterday sets out the regulator's
      395 words
  • 642 1  -  By CHUANG PECK MING [SINGAPORE] Older people who want to keep on working will find employers in Singapore more keen than businesses in many other places, including developed countries with ageing population like Switzerland, Sweden or the United States, a US employment
    Source: Manpower survey of more than 28,000 emptoyers across 25 countries and territories, Oct 2006  -  642 words
  • 436 1  -  By CHEN HUIFEN [SINGAPORE] After two days and one night of arduous negotiations, Singapore and Indonesia have finally reached an important milestone in their extradition treaty and defence cooperation agreement. In a joint statement yesterday, both sides said their respective foreign ministers
    436 words
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  • TOP STORIES
    • 662 2 Move to create world's fifth biggest bank may still face rival bids Reuters [LONDON] British bank Barclays pic has agreed to buy Dutch rival ABN Amro for about 67 billion euros (US$9l billion or *****.4 billion) in shares as it
      Reuters; REUTERS  -  662 words
    • 625 2  -  Company pushing ahead with planned Bangkok listing By MATTHEW PHAN [SINGAPORE] The political and regulatory uncertainty concerning Thailand's telecommunications sector will have died away by the end of the year, according to Sigve Brekke, chief executive of the country's second largest operator,
      625 words
    • 750 2 Flying new plane doesn't need more skill, says SIA PILOTS do not need more skill to fly the 555-seat Airbus 380, Singapore Airlines told the Industrial Arbitration Court yesterday. It is no more difficult than flying a Boeing 777 or Boeing 747-400, said SIA executives Loh Oun Hean
      750 words
    • 644 4  -  HEARING ON A380 PILOTS' PAY Carrier also wants to be able to deploy pilots flexibly By VEN SREENIVASAN [SINGAPORE] Pilots do not need more skill to fly the 555-seat Airbus 380, Singapore Airlines told the Industrial Arbitration Court (lAC) yesterday.
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    • 135 4 sn *****8 (+27.81) ST INDEX FUTURES 3373.00 (+26.00) siMsa 417.98 (+4.49) SIMSa FUTURES ***** (+5.10) MARKETS Monday Change KLCOMP 1,321.36 NIKKEI 225 17.***** +2.75 HANG SENG 20.556.57 -10.02 SET INDEX 686.18 -1.35 JAKARTA COMP 1,986.73 +18.00 MANILA COMP 3,319.01 +64.25 SEOUL COMP 1,544.35 +11.27 SHENZHEN B 574.88 +16.18
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    • 463 4  -  Survey finds wealth managers ready to increase alternative investments By GENEVIEVE CUA [SINGAPORE] Alternative investments, including hedge funds, private equity and real estate, may become mainstream investments over the next couple of years, a Barclays Capital survey of wealth managers suggests. Just
      463 words
    • 563 4  -  By DONALD URQUHART [SINGAPOREI PSA Corporation has struck its third joint venture allowing shipping lines to operate a terminal here, this time creating Singapore's first dedicated car terminal as PSA seeks to establish itself as the region's main vehicle transhipment hub. Under
      563 words
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    • 220 2 One Idea Can Change Your World I urbanforum. I Most Recent Thinking in Strategy Formulation and Balanced Scorecard FORMULATING A CREATING A WINNING WINNING STRATEGY BALANCED SCORECARD B 7 MAY 2007 CARTON HOTEL SINGAPORE B 8-9 MAY 2007 CARTON HOTEL SINGAPORE Identifies the different types of strategies as illustrated Teaches
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  • Page 4 Advertisements
    • 2047 4 Cats Notices IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF 1) HUDSON'S EUMENTHOL CHEMICAL COMPANY PTE. LTD. (Co. Registration No. *****1312W) 2) JACK CHIA& COMPANY (SINGAPORE) PTE LTD (Co. Registration No. *****0024W) 3) JACK CHIA TRADING (SINGAPORE) PTE. LTD. (Co. Registration No. *****0758E) 4)
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  • COMPANY NEWS
    • 719 5  -  HOCK LOCK SIEW By R SIVANITHY UNDER the stock market's current trading and settlement rules, delivery of shares takes place three working days after the transaction, or (t+3). If a seller has insufficient shares in his CDP account on delivery date that is,
      719 words
    • 435 5 Bloomberg SHARES of SMRT Corp rose to a record on optimism that Singapore's largest subway operator will be taken over by a rival after a report said ComfortDelGro Corp chairman Lim Jit Poh had suggested a merger. SMRT shares closed
      Bloomberg; AFP  -  435 words
    • 412 5  -  By DONALD URQUHART OFFSHORE support and marine services company Ezra Holdings has confirmed that it is to have a separate overseas listing for its EOC production and construction division on the Oslo exchange. Ezra yesterday announced that it would list on
      412 words
    • 768 6  -  Investment focus still mainly in emerging Asian markets, says CEO By SIOW LI SEN SINGAPORE Telecommunications' new chief executive officer yesterday signalled that the company will look further afield to Central Asia and the Middle East for acquisitions but she said
      ARTHUR LEE  -  768 words
    • 344 6  -  By UMA SHANKARI SINGAPORE'S real estate investment trust (Reit) market has become the biggest in Asia outside Japan, Minister for Trade and Industry Lim Hng Kiang said yesterday. Singapore's Reit market has grown since the first such trust was listed here five
      344 words
    • 252 6  -  By UMA SHANKARI FRASERS Centrepoint Trust (FCT) yesterday said that its distributable income for the second quarter ended March 31 came to $10.3 million, or 1.67 cents per unit. The figures were higher than the forecast distributable income of $9.1 million, or 1.46
      252 words
    • 547 7  -  Brokers lift price targets for ASL, Labroy, KepCorp, SembMarine By VEN SREENIVASAN THE continuing strength in the offshore and marine sector is prompting a slew of upgradings on stocks of companies with exposure to the industry. In a report issued yesterday, Phillip Securities lifted
      547 words
    • 311 7  -  By MICHELLE QUAH THE directors of Daka Designs, the product-design company now known as Carats Limited, have responded to reports in The Business Times and The Straits Times about complaints made about them by a shareholder, Edward Lee. Mr Lee, who identified himself to the
      311 words
    • 425 7  -  By CHRISTINE SIM ORNAMENTAL fish service provider Qian Hu Corporation Ltd said yesterday that it will capitalise on its fastest growing market, China, by almost doubling its distribution points in that country from about 60 to 100 by year end.
      425 words
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    • 62 5 vO O Ov O CD CD C O *-> rf o CL sO U or C </> a i u "O rs O CO .c u 'H CD -C 0 i_ m 0> -O a ra <£ 2 1 u CD CO Climate change explored like never before e 000
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    • 153 7 Flight No Dep Air Flight No City Dep Arr Flight No City Pep Ait Flight No Dap Arr NH 6 Los Angeles 17:10 11:10 NH 5 Los Angeles 12:55 16:25+1 NHII2 0330 1&20 NH 8 San Francisco 17:05 10:30 NH 7 San Francisco 12:10 15:10+1 NH9OI 17:40 2&40 NH/NQ1052 Honolulu
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  • SINGAPORE MARKETS
    • 536 8  -  STOCKS Index closes 27.8 points higher, but market scoreboard shows 260 falls to 255 rises R SIVANITHY Senior Correspondent W insofar as the Straits Times Index was concerned the broad market recorded 255 rises versus 260 falls, excluding warrants and bonds. The index
      Source: Bloomberg  -  536 words
    • Article, Illustration
      906 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Pawn Undl Up Down Undi Up Do— Undl Multilnd 9 6 2 _1 0 0 10 6 2 Mamifacturg 75 86 63 15 24 14 90 110 77 Commerce 23 31 27 6 10 9 29 41 36 Tpt/Stor/Com 19 12 11 1
      906 words
    • Article, Illustration
      952 8  -  Compiled by CONRAD TAN HO BEE in March successfully tendered for another parcel of land at Sentosa Cove, namely, The Seaview Collection, at a total consideration of $459.8 million. The land was jointly tendered with its Malaysian partner, 101 Properties Bhd. Each company will hold 50 per cent interest
      Source: Bloomberg  -  952 words
    • 514 8  -  CURRENCIES LARRY WEE Senior Correspondent SELECTED Asian units and the Canadian dollar continued to impress yesterday, even though fresh Wall Street highs last Friday did buy the US dollar some respite. The Indian rupee clocked a fresh nine-year high of 41.56 rupees
      Source: Reuters  -  514 words

  • Page 9 Advertisements
    • 365 9 The sun goes down everyday but should your system? Don't tolerate any system downtime! Go with IBM's Power™ Architecture for superior reliability, availability and serviceability. Need a system that can do more than transaction processing, web publishing, data mining and systems management? IBM System p™ servers and workstations are the
      365 words

  • SINGAPORE NEWS
    • 540 10  -  BCA aims to cut concrete-based projects to below 50% in 5 years By UMA SHANKARI THE government is looking to impose mandatory requirements for sustainable construction as part of its masterplan to cut Singapore's reliance on sand and granite. Minister of State for National
      540 words
    • 295 10  -  By JANICE HENG CIMB Bank, the consumer banking arm of Malaysia's CIMB Group, opened its Singapore branch yesterday, making the republic the third country in which CIMB Group offers a full range of financial services. "This is a significant moment for the
      ARTHUR LEE  -  295 words
    • 321 10  -  By ROLAND UM HOT on the heels of the government's initiative to boost research into digital media, the National University of Singapore (NUS) said yesterday it has set aside $11 million over the next three years to start an Interactive and Digital
      321 words
    • 158 10 Public feedback on double taxation pacts THE Ministry of Finance wants public feedback on avoidance of double taxation agreements yia a questionnaire on its website. MOF wants comments so it can review existing agreements with Bangladesh, Luxembourg, Pakistan, South Africa and United Arab Emirates. It also wants to
      158 words
    • 292 10 MORGAN Stanley has named chief economist Stephen Roach as its new Asia chairman. He takes up the job in June. In his new role, 61-year-old Dr Roach whose comments on global economic issues are frequently quoted in the press will be Morgan
      292 words
    • 212 10 THE consumer price index (CPI) in March 2007 fell by 0.2 per cent from the previous month. Compared with March 2006, the CPI was 0.7 per cent higher. Food prices fell one per cent, following cheaper fresh seafood, vegetables and pork after the Chinese New
      212 words
    • 736 10  -  It is the first en bloc sale set above $2,000 psf ppr By KALPANA RASHIWALA FOUR collective-sale sites were launched yesterday including Grangeford Apartments, with a whopping $660 million "guide price" that is more than double the $280 million bandied about in October last
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  • SME spotlight
    • 549 11  -  SMALL CAPS By OH BOON PING RIVERSTONE Holdings which makes cleanroom gloves, finger protectors and packing material is upbeat about the future as the outlook for hard disk drives (HDDs) and semiconductors improves. The company has boosted capacity to tap on the
      549 words
    • 908 11  -  A prime area hotel values customer feedback, reports BENITA AW YEONG BENITA AW YEONG HOTEL Phoenix, a stone's throw away from Somerset MRT, is one of the few hotels in Singapore which does not have a swimming pool, but that has not stopped it from
      ARTHUR LEE  -  908 words
    • 401 11  -  By TEH HOOI LING IT APPEARS that profits are being taken out of the small caps sector and we are moving into a consolidation phase. For the five trading sessions to yesterday, our portfolio slid 0.6 per cent. This compared with the Straits Times Index's
      401 words
    • 819 12  -  But wine distributor Giorgio Ferrari's 'best investment' was in business consultancy, reports JANICE HENG JANICE HENG WINE and credit advisory services is not as traditional a combination as wine and cheese. But it is a formula that has worked for Giorgio Ferrari, and for his
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    • 7477 12 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Stat Europe Eqty'*" 1 122/ St* Europe Bond 1.191/ Star Europe Bal .1271/ Star Asian Tiger Eqty 1373/ Star Asia Bond ...1317/ Star Asa Balanced 1106/ Stat Global Technology Fund 1 0.218/ Mult) St Fd 0.979/ Stat Asa Bond/USD) 0.872/ GfcMultiStUSD 1165/
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    • 887 13  -  It's holding its own against bigger competitors, reports JANICE HENG JANICE HENG THE pharmaceutical industry is not usually associated with the activity of small and medium enterprises (SMEs). Yet Sunward Pharmaceutical has found its own place in the sun, in a field dominated by
      YEN MENG JIIN  -  887 words
    • 482 13  -  Participating SMEs can enjoy privileges and advantages By JANICE HENG SMALL and medium enterprises (SMEs) will receive help in meeting workplace safety and health (WSH) standards, when bizSAFE a programme organised by the Workplace Safety and Health Advisory Committee is launched
      482 words
  • Page 11 Advertisements
    • 406 11 Q&A Investing in Real Estate; More than Meets the Eye q Is investing in real estate difficult? expectations on returns and your financing needs A Real estate is not a single asset class. It is multi-faceted whether locally or cross-border. Also, as part of office, industrial, residential, hotel and retail
      406 words

  • Page 12 Advertisements
    • 97 12 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. ciobai investors company regn tio ********** ,11 II i i n i 111 FOR US, IT'S THE SILVERWARE IN 11 YOUR POCKET THAT MATTERS MOST.
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  • ECONOMY WATCH
    • 437 14 Launch of more ETFs supports platinum prices Reuters [TOKYO] Gold hovered near an 11-month high yesterday, just below the psychological level of US$7OO an ounce, while platinum was supported by the prospect of the launch of more ex-change-traded funds. Gold was also
      Reuters  -  437 words
    • 196 14 AP [MANILA] The Philippines posted a 52 billion peso (551.65 billion) budget gap in the first quarter, overshooting the target because of poor revenue collection, the finance chief said yesterday. "We've had a challenging first quarter, but we have seen improvements in March,"
      AP  -  196 words
    • 385 14 Forecast home-loan defaults seen to adversely affect mortgage business Reuters [WASHINGTON] US corporate profits will be smaller, demand for goods will diminish, hiring will slow and weaker growth is expected later this year, a survey released yesterday showed. The National
      Reuters  -  385 words
    • 2457 14 VOL Apr 23 RM C000) ASM Realty .2.60 0.24 1579 Abric Bhd .0.32 -0.01 89 Acp Industries .2.30 0.22 3995 Advance Synergy 0.37 unch 1860 AdventaBhd 1.23 0.15 4266 AeMultiHIdgs 0.34 unch 61 Affin Holdings 2.43 0.02 2058 Ahmad Zaki Resou 2.86 0.11 209 AicCorp 0.59 -0.01 44
      2,457 words
    • 903 14 Monthly trades in Viet contracts seen doubling in a year Bloomberg [HANOI] Vietnam's currency is starting to capture the attention of derivatives traders as South-east Asia's fastest-growing economy accelerates. DBS Group Holdings Ltd and Australia New Zealand Banking Group Ltd have begun offshore
      Bloomberg; AFP  -  903 words

  • MALAYSIA
    • 272 15 AFP [KUALA LUMPUR] Malaysia's tourist island of Langkawi is providing a large plot of land to wealthy investors from the United Arab Emirates to build luxury homes and boost business ties, a report said yesterday. Mahdzir Khalid, the chief minister of northern Kedah
      AFP  -  272 words
    • 566 15  -  Merger to create biggest Chinese media group outside China By PAULINE NG in Kuala Lumpur MALAYSIAN tycoon Tiong Hiew King's newspaper group has moved one step closer to becoming the biggest Chinese media group outside China following the signing of a
      566 words
    • 326 15 AFP [KUALA LUMPUR] Malaysia's former prime minister has attacked his successor and urged him to quit at the next election to make way for a man more than 10 years his junior. Mahathir Mohamad told journalists on Sunday that Prime Minister
      AFP  -  326 words
    • BRIEFLY ASIA
      • 51 15 AP [KUALA LUMPUR] Malaysia's government yesterday urged millions of potential voters to register in yet another indication that general elections were round the corner. The Election Commission recently said 4.9 million eligible voters —had not signed. There are now 10.3 million registered voters in Malaysia.
        AP  -  51 words
      • 56 15 AP [SHANGHAI] Citigroup, HSBC, Standard Chartered and Bank of East Asia yesterday officially began offering local currency retail banking services to customers in China, aiming to woo potential clients with better services than local lenders usually provide. The banks had launched locally incorporated branches to
        AP  -  56 words
      • 77 15 AP [NEW DELHI] Asian giants India and China held another round of talks to resolve their decades-old border dispute, an External Affairs Ministry statement said yesterday, but there was no indication of a breakthrough on the issue. India's National Security Adviser M K Narayanan and
        AP  -  77 words
      • 59 15 Bloomberg [HONG KONGI Country Garden Holdings, which this month had the biggest initial share sale of a Chinese property developer, said 2006 profit climbed 147 per cent. Net income was 1.52 billion yuan (*****.7 million), compared with 615 million yuan a year earlier. Sales rose
        Bloomberg  -  59 words
      • 58 15 Reuters [TOKYO] India expects its energy demand to remain strong, but increased energy efficiency may keep the pace of demand growth below economic growth. Montek Singh Ahluwalia, deputy chairman of Planning Commission, said. He expected sustainable economic growth of 9 per cent a year over the
        Reuters  -  58 words
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    • 48 15 aasr Steely determination is a quality for all ages. v. i fplte paP p^»U■•"'" n 11 >AT^ Turn to CATS Recruit in The Straits Times for the best jobs in the market! REC RU IT CATS Recruit in The Straits Times supports diversity and inclusion in employment practices.
      48 words

  • GREATER CHINA/INDIA
    • 263 16 [MUMBAI] The US-based Depository Trust Clearing Corporation (DTCC) is planning to pick up 5 per cent stake in the Bombay Stock Exchange (BSE), says a report in the Business Standard. The other contenders are Singapore investment company Temasek Holdings and the
      263 words
    • 543 16 China Mobile, Lenovo Group and CNOOC leading the test batch [HONG KONG] China's State Council is expected to give approval soon to five Hong Kong-listed red chips to sell A shares on mainland stock markets, the South China Morning Post
      543 words
    • Article, Illustration
      53 16 [WUHAN, Hubei Province] A performer kicks off the final draw ceremony for the Fifa Women's World Cup China 2007 in Wuhan, in the central Chinese province of Hubei, on Sunday. Sixteen teams are competing in the tournament, which will play across Shanghai. Tianjin. Hangzhou. Wuhan and Chengdu from
      AFP  -  53 words
    • 235 16 Bloomberg [NEW DELHI] India's foreign investment body deferred yesterday a decision on Vodafone's US$ll billion plan to buy Indian mobile carrier Hutchison Essar. Industry Secretary Ajay Dua told reporters that the Foreign Investment Promotion Board (FIPB) would study some comments from the Law Ministry before
      Bloomberg  -  235 words
    • 351 16 AFP [NEW DELHI] India's booming services and software industry yesterday announced that an independent watchdog has been set up to create a "global safe-deposit vault" to halt data theft such as credit card details. Shyamal Ghosh, a former Indian bureaucrat, was named
      AFP  -  351 words
    • 256 16 AFP [SHANGHAI] China Citic Bank has raised US$5.4 billion in a share sale in Shanghai and Hong Kong, marking the world's biggest initial public offering so far this year, according to figures issued yesterday. The bank, ranked seventh in China, priced
      AFP  -  256 words
    • 417 16 Official says more talks needed on new terms in draft Reuters [NEW DELHI] India will not be hurried into concluding a landmark but controversial nuclear cooperation deal with the United States, despite the latter's frustration over an impasse in
      Reuters  -  417 words
  • Page 16 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 403 17 Cost savings are expected to be towards US$500m per year by 2009 AFP [LONDON] Anglo-Swedish pharmaceuticals giant AstraZeneca yesterday said it has agreed to buy US biotechnology company Medlmmune for US$l5.6 billion. "AstraZeneca today announced that it has entered into a definitive agreement
      AFP; REUTERS  -  403 words
    • 491 17 Lone Star auctioning off US$1.66b stake Reuters [TOKYO] HSBC Holdings pic is among the bidders vying for a two-thirds stake in mid-size Japanese lender Tokyo Star Bank Ltd. the Nikkei business daily said yesterday. Dallas-based private equity fund Lone Star is auctioning off
      Reuters  -  491 words
    • 55 17 [LONDON] Lloyd Scott pulls a giant 'boulder'as he finishes the London Marathon, a day after the start of the marathon, on The Mall in central London yesterday. Complete with a whip in hand and an Indiana Jones-style outfit, the champion fundraiser pulled the boulder for 26 miles
      AP  -  55 words
    • 272 17 Reuters [LONDON] Private equity firms Kohlberg Kravis Roberts and Carlyle Group have joined the race for the text book publishing unit of Canada's Thomson Corp, a source close to the matter said yesterday. KKR declined to comment, while Carlyle and Thomson officials
      Reuters  -  272 words
    • 540 17 Bloomberg [NEW YORK] The newspaper business is bad and getting worse, billionaire Warren Buffett said last month. He was talking about US papers, which are among the investments of Berkshire Hathaway Inc, the holding company he heads. Shares of publishers outside the US
      Bloomberg  -  540 words
    • 425 17  -  By ANTHONY ROWLEY in Tokyo JAPAN'S sovereign debt ratings have improved from their previous ranking alongside those of Botswana but only to the level of such countries as Iceland. Slovenia or Chile in terms of how its government debt is viewed by rating agencies. The
      425 words
    • 334 17 Reuters [ZURICH] Nestle beat forecasts with a 7.4 per cent rise in first-quarter underlying sales but said profit growth would slow as it would not be able to fully pass on increases in the costs of raw materials. t The
      Reuters  -  334 words

  • AVIATION
    • 477 18 FAX, which runs AirAsia X, reportedly focusing on long-haul flights Bernama [PETALING JAYA] Malaysia Airlines (MAS) needs to study the proposal by Fly Asian Xpress (FAX) to hand over its rural routes to Firefly, the newly launched airline
      Bernama; AP  -  477 words
    • 170 18 Bloomberg [NEW DELHI] India yesterday reiterated its decision to keep overseas carriers from owning a stake in local airlines, while promising a review of investment norms for the aviation industry. "At this moment, there is no proposal, but all policies evolve according to
      Bloomberg  -  170 words
    • 249 18 AFP [KUALA LUMPUR] Malaysian long-haul budget airline pioneer Air Asia X said yesterday it will buy up to 15 new Airbus A 330-300 aircraft to begin services as it branches out from its short-haul beginnings. Air Asia X operator, Fly
      AFP  -  249 words
    • 612 18 on HWIIT m wn PP ***** 1930 At*— VJ*> USSS ii ii 8" "pi pis ■>-<••— j«iias asias USSSm Maou IWIb MZS01 0950 ssass? jgg Ci6i MIS88 1910 5J54B 0025 5J547 2320 MlbSB 09O5 <Zm9** CA403 0040 CM04 0720 eu ,w m\ m m 88i? *****
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    • 336 18 It sees return to annual profit for ended fiscal year Bloomberg [TOKYO] Japan Airlines Corp (JAL), Asia's largest carrier by sales, increased the number of domestic passengers in the year ended March 31 for the first year in four, as a stronger economy boosted travel.
      Bloomberg  -  336 words
    • 226 18 Bloomberg [LONDON] British Airways pic (BA), Europe's thirdlargest airline, may make an offer for Iberia Lineas Aereas de Espana SA with a group of private equity investors to protect its joint operations with the Spanish carrier. BA has approached "a number
      Bloomberg  -  226 words
  • Page 18 Advertisements
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  • Page 18 Miscellaneous
    • 150 18 CRYPTIC CROSSWORD 1 Reportedly interrogate surprise (3) Across: 1 Thermostat, 6 Stir, 9 Heather who is a traitor (8) 17 word for word from brave Colts, 10 Patagonia, 12 Vacuum 2 A dalesman blended most of distrauaht man shortly (8) deaner, 14 Honolulu, 15 Bunyan, ,M e W K te
      150 words

  • SHIPPING
    • 537 19  -  Formal complaint lodged with Beijing which sees THCs as anti-competitive By DONALD URQUHART [SINGAPORE] Asian shippers are again up in arms over controversial terminal handling charges (THCs) after regional liner groupings more than doubled the surcharges at southern China ports despite the Chinese government
      537 words
    • 283 19 It says proposal will generally be neutral for group Bloomberg [COPENHAGEN] AP Moell-er-Maersk A/S, Denmark's biggest company, said a new tax proposal will not harm earnings, after declaring that a previous plan may have forced the shipper to move some divisions abroad. "The
      Bloomberg  -  283 words
    • 205 19 Bloomberg [SINGAPORE] Freight rates for dry-bulk commodities rose because of a recordlong queue for loading at Newcastle, Australia, the world's largest coal-export port. The Baltic Panamax Index rose 4.1 per cent last week to 5,470, the highest since December 2004. The index
      Bloomberg  -  205 words
    • 573 19 AFP [SYDNEY] The families of three men who disappeared mysteriously from a yacht found drifting off the northeast Australian coast have refused to give up hope of finding them alive. The official search for the sailors was called off on Sunday, with police
      AFP  -  573 words
    • 254 19 Kuehne Nagel Q1 profit up 28.2% Reuters [ZURICH] Swiss freight company Kuehne Nagel posted a 28.2 per cent rise in first-quarter net profit to 130.3 million Swiss francs yes- terday ($163.2 million), boosted by strong performances in its sea and air freight units. The group confirmed its 2007 objective to
      Reuters  -  254 words
    • 464 19 The Economic Times [MUMBAI] Bharati Shipyard, now under construction at Mangalore, has proposed to create a facility for building ships up to 100,000 tonnes capacity instead of the original plan for fabricating up to 60,000 tonnes capacity ships. "We have asked our
      The Economic Times  -  464 words
    • 354 19 Bloomberg [ATHENS] The cost of hiring ships to carry commodities including iron ore may exceed a two-year high because of expectations that China will import more of the raw material used to make steel. China produced 26 per cent more steel products
      Bloomberg  -  354 words
    • 280 19 S6X '000 Apr 23 S$ Vol Ch Offshore 0.44 unch 1485 Chuan Hup Hldgs 0.33 unch 785 Cosco Corp 2.64 0.04 3111 Cwt Limited .0.63 unch 117 Ezra Hldgs .4*1 0.28 708 Freight Links .0.09 unch 3372 Grand Banks OA 0.01 20 Java Hold Ltd .-...unch unch 0
      280 words

  • EDITORIAL & OPINION
    • 482 20 EDITORIAL THE Malaysian currency has been gaining steadily against the greenback since it was unshackled from its fixed peg in July 2005. In fact, since that time, it's appreciated more than 10 per cent to RM3.42 at the close of trading yesterday, from 3.80 previously. This has
      482 words
    • 1143 20  -  What is less well known is that Chengdu has a strong IT foundation. And in the past few years, it has made considerable achievements in IT manufacturing By TIGER TONG AS industrial growth in China suffers increasingly from constraints on its resources and
      FILE PHOTO  -  1,143 words
    • 779 20  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg CHINA'S recent economic growth figure should have been a "buy" signal for the equity markets. Instead, it caused an Asia-wide sell-off. The Morgan Stanley Capital International Asia-Pacific Index dropped 1.6 per cent last Thursday after the
      Bloomberg  -  779 words
    • 1186 21  -  Its political culture explains why President Bush and the Republican Party have paid special attention to the area LEON HADAR Washington Correspondent Despite the fact that I've never visited the place, Peoria has been on my mind especially when I'm trying to break through
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    • 803 21  -  The fate of US troops rests on the victor of the tussle between Bush and Congress By PAUL KRUGMAN NYT THERE are two ways to describe the confrontation between Congress and the Bush administration over funding for the Iraq surge. You can pretend
      NYT; AFP  -  803 words


  • FOCUS: ENVIRONMENT
    • 1652 22  -  THOMAS J LUECK looks at mayor Michael Bloomberg's visionary plan for growth and the environment in the city THOMAS J LUECK NYT IN a quarter-century plan to create what he called "the first environmentally sustainable 21st-century city," Mayor Michael R Bloomberg proposed a sweeping and
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  • Page 22 Advertisements
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  • Page 24 Advertisements
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  • Page 25 Advertisements
    • 1877 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMNALB/NAN AURORA SAPPHIRE CAM/NFK/NOl/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.EJL SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN DD MASTER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
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  • THE BUSINESS TIMES Shipping Times
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  • Page 26 Advertisements
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  • PROPERTY
    • 322 28  -  Occupancy hitting record highs; home prices also seen rising 12-15% By UMA SHANKARI DELIVERING a bullish outlook on Singapore's property market, Citigroup's research team yesterday said residential rents could rise 30-40 per cent this year as occupancy hits record highs. 'Taking into
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    • 247 28 BUKIT Sembawang has sold about 90 per cent of its 100-unit freehold Pare Mondrian condo at Woodleigh Close since April 10, achieving an average price understood to be just below $700 per sq ft. Marketing agent DTZ Debenham Tie Leung said
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    • 211 29 REAL estate agency HSR International Realtors has been endorsed by The Singapore Book of Records as "the largest real estate agency" here, with more than 5,000 agents. HSR also registered an 18 per cent increase in transaction value in 2006 compared
      FILE PHOTO  -  211 words
    • 420 29  -  The sites in Bishan, Dakota Crescent attract minimum committed bids By ARTHUR SIM TWO Housing Development Board (HDB) residential sites on the government's reserve list have attracted minimum committed bids and will now go on sale by public tender. A
      420 words
  • Page 28 Advertisements
    • 294 28 |r_— RgDebenhamJ ftlieLeung ■—-2 mmm. PRIME FREEHOLD ELEVATED RESIDENTIAL LAND AT THE HIGHEST POINT OF BALMORAL AREA OVERLOOKING ARDMORE PARK —ZZI COIIfCTIVE SAlf OF r 1 i —Ts ——7 m m w mm 4 a ~..1' ■bb m m —Tr aHSS THE BALMORAL I S I"" "Til Area :23 225.1
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    • 152 28 SKSSn Site Area: Approx. 140,760 sq ft if Max. GFA: Appr0x.295,595 sq ft ft f Plot Ratio 2.1 f*l I, I Close proximity to City 5 SuS" 8 Near Prestigious Schools, Shopping Centres, towers Qubs, Sports Complexes, Expressways, Eateries If I f ff and East Coast Beach 1 J UI
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    • 203 28 G1 Homes randeur by PropNex Group Beautiful Land 15,000 sqft PR Choke Azure I,76ssqft near bead) Ouny 15,000 sqft PR Choke Cairnhillßes I,3sssqft must buy Cornwall 15,000 sqft PR Choke Caribbean I,636sqft high/seaview Bishopgate 15,000 sqft PR Choke Condos Nassim 1,300-4,000 sqft Ridout 17,000 sqft Value Reflections I,9l6sqft fully unblock
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  • Page 29 Advertisements
    • 345 29 Prime Residential Redevelopment Site at Dist 09 For Sale by Expression of Interest scom squ« 77 Rivershire at Leonie Hill ~1 r OfcharH a Freehold VWwdock The Orchard """"d r Land area 5.239.2 sq m g, (56,394 sq It) 0f *»«/w e M T •MP 2003 "Residential" at i Plot
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    • 385 29 FOR SALE BYTENDER FAIRWAYS s r Land area: approx. 13,613.3 sq m q $k > l w 3 J*s?< 2125, ot rat 2.1, up to 24 storeys il, <?*° Possible to amalgamate state land M SUBJECT^? La or O %c, srTE l S ol,nt Close proximity to Vivo City Sentosa
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  • Page 30 Advertisements
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