The Business Times, 25 April 2007

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUISNESS TIMES > A SINGAPORE PRESS HOLDINGS PUBLICATION Wednesday, April 25,2007 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 202/12/2006
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  • 543 1  -  Modest electronics turnaround expected in H2 By ANNA TEO [SINGAPORE] The global electronics sector should see a modest turnaround in the second half, but Singapore's growth this year will be driven by the non-IT industries, says the Monetary Authority of Singapore. While new product
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  • 785 1  -  SINGAPORE'S EXTRADITION TREATY WITH INDONESIA Accord no surprise to anybody, says MM Lee By CONRAD TAN [SINGAPORE] Singapore's extradition treaty with Indonesia won't scare rich Indonesians away because it comes as no surprise, Minister Mentor Lee Kuan Yew said last night. He made the
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  • 46 1 sn *****2 (-13.96) ST INDEX FUTURES 3358.00 (-15.00) siMsa 416.03 (-1.95) SIMSa FUTURES 412.50 (-5.00) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 14.250 TAIWAN 5.926 JAPAN 1-875 KOREA 933 BRITAIN 5.25 US 8.25 CANADA 6.00 SWITZERLAND 3.89 INDIA 12.25 Source: Bloomberg
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  • Page 1 Advertisements
    • 81 1 ANALYSIS Mjfedk What hit Wolfowitz at the Warld Bank page CORPORATE RESULTS SMRT:Q4 profit up 80% PAGE 5 MAS REVIEW: MORE REPORTS Home prices seen rising further this year PAGE 10 Foreign workers a buffer in recession PAGE 10 EXECUTIVE MONEY The carry trade: risks and rewards page 31 Infrastructure
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    • 4 1 111 8 *****1 *****4
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    • 50 1 Keytoßentiey's desirability PAGE 30 BARCLAYS, ABN MERGER All eyes on space at One Raffles Quay mgeio TOP RESTAURANTS Iggy's, Les Amis and N My Humble House. Three Singapore 9k restaurants have made list of the world's best restaurants page 3 '<»iwii i JIM 1 v-»- --^■■■i^^^^^^ fS!t »^^lp^fi ltv^ ->"
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  • TOP STORIES
    • 442 2 Three S'pore restaurants among world's top 100 FINE dining in Singapore received a major international boost when three local eateries were named among the top 100 restaurants in the world by the UK's Restaurant magazine. Although no Singapore restaurant made it to the prestigious top 50, Iggy's (60),
      442 words
    • 734 2  -  HEARING ON A380 PILOTS' PAY Airline points to increasingly tough market as it argues case against pilots Reports by VEN SREENIVASAN [SINGAPORE] Singapore Airlines may look like a highly successful national icon, but the figures show that the national airline is flying a
      AFP  -  734 words
    • 562 2 SIA executive says carrier faces grim future without review of wages and costs [SINGAPORE] Singapore Aifflnes Is underperforming .Its. terms pf yields, on equity, a said in the Industrial Arbitration Court (lAC) yesterday. In a presentation to lAC president Tan Lee Meng, SlA's vice-president for industrial
      562 words
    • 304 2 Reuters [SINGAPORE] Singapore's top investment companies, Temasek Holdings and Government of Singapore Investment Corp (GIC), will adopt different investment strategies and will not see a change in top leadership, said Minister Mentor Lee Kuan Yew. Mr Lee, who is also GIC chairman,
      Reuters  -  304 words
    • Resorts World shortlists five ad firms for $70m deal
    • 985 3  -  Iggy's, Les Amis and My Humble House make it to Next 50 list of Restaurant By and GEOFFREY EU JAIME EE [SINGAPORE] Fine dining in Singapore received a major international boost when three local eateries were named among the top 100 restaurants in
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  • Page 2 Advertisements
    • 145 2 people Your search ends here. ?v. r.« In the heart of the city, IN A WORLD OF YOUR OWN. yr fjf y£ jOV j ■^P k^gc^^gg|H v v* jKS||^H^Bl I Four Seasons Hotel Welcome to the stylish, sun-filled sanctuary of Four Seasons. Whether bed breakfast RATES FROM for business or
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  • Page 3 Advertisements
    • 101 3 2 'm MAKE A MARK FOR YOURSELF, The Jaguar XJ isn't all about technological breakthroughs. It's about a driving experience that never allows technology to overwhelm. It's about getting behind the wheel and knowing Jaguar XI with every fibre of your being that you're in complete control. Tel: 6378 2626
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  • Page 4 Advertisements
    • 317 4 Just how far will they go to steal your data? Protect your IT system from floor to ceiling. There's of protection by encrypting data that's one thing of which you can be sure: Any weak link in being transferred to a remote back-up. your IT security system will be exploited.
      317 words

  • COMPANY NEWS
    • 656 5  -  HOCK LOCK SIEW By DONALD URQUHART ONE thing is as clear as the oil rich waters of the South China Sea bankers appear to be smitten with Ezra Holdings. At the integrated offshore services and marine company's halfyear results briefing recently, banking representatives outnumbered journalists
      656 words
    • 468 5  -  By SAMUEL EE SMRT Corp's net profit for the fourth quarter ended March 31 jumped 80.3 per cent to $36.2 million, mainly because of the lower corporate tax rate. Group revenue in Q4 rose 7.1 per cent to $186.9 million but operating
      468 words
  • Page 5 Advertisements
    • 9 5 Tune in to radio 100% pure fun 91.3 FM
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    • 432 5 SINGAPORE'S MOST As the center for Singapore's newest state-of-the-art specialist clinics, I Novena Medical Center offers doctors a rare opportunity to own a I medical suite with great supporting infrastructure. I BE A PART OF SINGAPORE'S I EXPANDING HEALTHCARE SECTOR As a regional medical hub, Singapore targets to I attract
      432 words

  • SINGAPORE MARKETS
    • 919 6  -  CURRENCIES Getting in at better currency levels would be far more comfortable LARRY WEE Senior Correspondent ON THE face of it, hopes for any kind of a meaningful correction were far from obvious in currency and stock markets yesterday, but for those who have
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    • Article, Illustration
      917 6 DAILY SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL Up Down Undi Up Down Unth Up Down Unth Multi Ind 4 7 6 0 1 0 4 8 6 Manufacturg 66 86 JO 14 11 24 80 97 94 Commerce 21 31 26 4 12 7 25 43 33 Tpt/Stor/Com JI7 13
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    • Article, Illustration
      794 6  -  Compiled by MATTHEW PHAN Source: Bloomberg Olam International April 24 close: 553.22 QMB RESEARCH. April 24 OLAM purchases 100 per cent of Universal Blanchers: Olam will acquire a 100 per cent of Universal Blanchers (UB) for a total cash consideration of US$77 million. This deal is expected to
      Source: Bloomberg  -  794 words
    • 519 6  -  STOCKS R SIVANTTHY Senior Correspondent IT MUST be obvious to most observers by now that local stock prices are more likely to follow Hong Kong and other regional markets than react in any lasting manner to Wall Street's overnight close. Such was the
      519 words

  • Page 7 Advertisements
    • 791 7 Si 8.0% -9.2%' 169,679,000 Common Units 2 a subject to the Over-allotment Option T A Y_C DCC YIELD A Offering Price Range: 551.40 to 551.62 per Common Unit I r\/\ I\LL ILLL/ WmT Rickmers Maritime is a Singapore business trust formed with the objective of owning and operating containerships under
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  • COMPANY NEWS
    • 170 8 Reuters [MUMBAI] Indian property developer Embassy Group has filed with the Singapore stock exchange to launch a US$l5O million initial public share offer for a property trust spin-off, sources familiar with the deal said yesterday. The real estate investment trust, or Reit,
      Reuters  -  170 words
    • 535 8  -  IPO WATCH By MATTHEW PHAN CONTAINERSHIP-BACKED business trust Rickmers Maritime aims to raise $444 million or more from a Singapore listing that will make it the third shipping trust on the local bourse. At an offer price range of $1.40 to $1.62,
      535 words
    • 452 8  -  AGM WATCH Space constraints at Sentosa Resort scuttles plan to display project By SIOW LI SEN SHAREHOLDERS of Genting International who turn up at today's annual general meeting will just have to imagine how the $5.2 billion integrated resort will look when
      BLOOMBERG  -  452 words
    • 469 9  -  Roadshows planned for VDHB in Europe after deal is completed in Oct By TETTYANA JASLI LOGISTICS services provider GKE International is set to team up with Van Der Horst Biodiesel (VDHB), a joint venture company between Van Der Horst Engineering
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    • 417 9  -  By ROLAND LIM TELECOMMUNICATIONS operator Mobile One (Ml) yesterday reported a 10.4 per cent rise in quarterly profit, helped by a cut in corporate tax, and confirmed its capital reduction plan. For the quarter ended March 31, the telco reported
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    • 385 9  -  By RONNIE LIM INTERRA Resources is making its oil-and-gas (O&G) exploration foray in Thailand, also marking its maiden venture there. It will pay US$2.3 million for a half-stake in a concession to explore three blocks in an area next to Sirikit Field, which
      385 words
    • 317 9  -  By JANICE HENG TASTYFOOD Holdings has requested a trading suspension from 9 am today, as its proposed acquisition of Full Fortune Holdings may not be completed in time. Last June, Tastyfood agreed to buy Full Fortune Holdings a maker of animal feed and food
      317 words
    • 304 9  -  Good performance gives 30% fillip to parent UIC's results By KALPANA RASHIWALA SINGAPORE Land, an office landlord that also owns a majority stake in the Marina Square development, yesterday reported a 25 per cent year-on-year jump in first-quarter group net earnings to
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    • 292 9 THE leading developer of trading software for the financial markets, Trading Technologies (TT) International has launched a new Singapore Exchange gateway, paving the way for its first link to Asian markets. Several locally based trading firms have tested the SGX gateway extensively
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    • 388 9  -  Refining margins also widen but revenue falls 12.6% By RONNIE LIM HIGHER oil product prices and wider margins for refineries helped boost firstquarter net profits for Singapore Petroleum Company by 65 per cent to $112.1 million. This was despite a
      FILE PHOTO  -  388 words
    • 716 9 KepCorp wins $160m conversion orders KEPPEL Corporation has won orders worth a total of $160 million to convert two oil-industry floating production storage and offloading units. The orders came from SBM Holdings and Emas Offshore. Macquarie to launch warrants game MACQUARIE Securities yesterday said it is to start
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  • Page 8 Advertisements
    • 180 8 i V v v DHL MAKES IMPORTING SIMPLE. W r1 ><« !<"' I l, -ffWt »;«.< tut.. i/iM >i!M-Jti iHiiif I .-'J* vk/,»" I < i;.(» t > r. r I I hh > 4, I YOUR 4> I KYOIII YOUR cus^ COURIER < YOUR^^a^^ENT -S *f t I V
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    • 15 8 Illjp Radio 91.3 is managed by SPH Unionworks, a subsidiary Of CH Singapore Press Holdings
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  • Page 9 Advertisements

  • SINGAPORE NEWS
    • 454 10  -  MAS MACROECONOMIC REVIEW Building, financial services sectors to benefit as well By UMA SHANKARI THE Monetary Authority of Singapore (MAS) yesterday said home prices are expected to continue to grow this year after climbing 4.6 per cent in the first quarter, the highest
      REUTERS  -  454 words
    • 525 10  -  Any area they give up at One Raffles Quayand elsewhere will ease space crunch By KALPANA RASHIWALA MERGERS between banks usually involve ironing out kinks from consolidation and rationalisation. But when Barclays and ABN Amro merge their Singapore operations, things should be
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    • 302 10  -  By OH BOON PING CORPORATE profits continued to strengthen in the second half of 2006, says the Monetary Authority of Singapore. The improvement was seen across a range of industries including the hotel, construction and property sectors. In particular, non-finan-cial listed
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    • 433 10  -  By OH BOON PING INFLATION is expected to stay low in the first-half of 2007 but could rise later in the year, says the Monetary Authority of Singapore. The central bank expects the coming rise in Goods and Services Tax from
      433 words
    • 344 10  -  By ANNA TEO SINGAPORE'S labour market appears to respond more quickly during a recession mainly by shedding foreign workers than it does in an upturn. A study by the Monetary Authority of Singapore found that a one per cent decrease in GDP results in
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    • 355 11  -  It still hasn't tied up transport rights for Sumatran gas it will buy daily By RONNIE LIM BELEAGUERED Island Power faces yet more delays to its planned Jurong island station that is already four years late. "But this has no impact on our decision
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    • 144 11 SINGAPORE corporate law firm TSMP has announced a tie-up with Aliens Arthur Robinson, an international commercial firm which started in Australia. The joint law venture, called Aliens Arthur Robinson TSMP, is permitted to practise Singapore law, allowing AAR to "deepen its capabilities
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    • 377 11  -  By NANDE KHIN in Beijing SINGAPORE-CHINA relations have been going from strength to strength and both parties want to keep that momentum going. Singapore is keen to take its relations with China to a strategic level, said Senior Minister
      DENNIS THONG/LIANHE ZAOBAO  -  377 words
    • 331 11  -  By TETTYANA JASLI A RECENT study conducted by HSBC finds Singaporeans' perceptions and attitudes towards affluence have evolved from purely tangible expressions of wealth to intangible assets such as family, health, personal success and quality of life. The study involved 2,500 affluent respondents
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    • 269 11 SINGAPORE Accountancy Academy, the training arm of Institute of Certified Public Accountants of Singapore (ICPAS), yesterday opened its city campus in the heart of the business district. The academy, which has over 4,500 students in all, acquired the 23rd floor of Six Raffles Quay building
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    • 292 11  -  It can develop a condo with 75 units of 1,500 sq ft each By UMA SHANKARI DEVELOPER Hoi Hup Realty has bought a freehold residential site at Killiney Road for $115 million in a collective sale, the property firm
      292 words
  • Page 10 Advertisements
    • 1099 10 [w BANK OF COMMUNICATIONS CO., LTD Head Office: 188 Yin Cheng Zhong Lu, Shanghai *****0, People's Republic of China Singapore Branch: 50 Raffles Place, #26-04 Singapore Land Tower; Singapore *****3 CONSOLIDATED BALANCE SHEET CONSOLIDATED PROFIT AND LOSS ACCOUNT (All amounts expressed in millions of RMB unless othervrise stated.) (AM amounts
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  • Page 11 Advertisements
    • 6 11 1 -y, /-X: wfclill > |;|f I;
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    • 77 11 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      77 words
    • 545 11 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G H (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2007 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited H results of the Group for the first quarter ended 31 March 2007.
      545 words

  • ECONOMY WATCH
    • 2476 12 VOL Apr 24 RM ('000) A&M Realty .2.56 -0.04 575 AbricBhd 0.33 0.01 19 Acp Industries .2.26 -0.04 637 Advance Synergy 0.36 -0.02 1873 Adventa Bhd 1.39 0.16 3589 AeMutti Hldgs 0.34 -0.01 55 Affin Holdings .2.45 0.02 4188 Ahmad Zaki Resou 2.83 -0.03 6 AicCorp 0.59 unch
      2,476 words
    • 594 12 World is watching for signs of US commitment to Doha round Reuters [WASHINGTON] US leadership over the next few months could determine the success or failure of world trade talks after nearly six years of negotiations, the head of the World
      Reuters  -  594 words
    • 314 12 Indian central bank predicts growth may slow to 8.5% this fiscal year Reuters [MUMBAI] India's central bank left its key lending rate steady at 7.75 per cent on Tuesday as expected, even though inflation was above its comfort level, and took steps to try to
      Reuters  -  314 words
    • 220 12 Bloomberg [WASHINGTON] US Senate Banking Committee chairman Christopher Dodd scolded Federal Reserve chairman Ben Bernanke for not using the central bank's authority to rein in lending practices that led to the subprime mortgage crisis. The Fed should use its authority under
      Bloomberg  -  220 words
    • 238 12 Reuters [BEIJING] China's infamous movie pirates have done it again Spider-Man 3 is already being sold on Beijing's streets almost two weeks ahead of its US premiere. Costing just over US$l apiece, the pirated DVDs appear to be of the actual movie, complete
      Reuters; REUTERS  -  238 words
    • 337 12 US move ignores Beijing's strides in fighting piracy AP [BEIJING] The top Chinese envoy on trade relations with Washington warned yesterday that US complaints to the World Trade Organization over product piracy and media market barriers could harm relations on trade
      AP  -  337 words
    • 380 12 Reuters [BANGKOK] Thailand's central bank cut its 2007 economic growth forecast to 3.8-4.8 per cent yesterday from 4.0-5.0 per cent, its second reduction this year, citing sluggish domestic consumption and investment. "Domestic demand remains subdued, being eroded by weakened consumer and market sentiment as
      Reuters  -  380 words

  • SENSE AND SIMPLICITY
    • 1224 13  -  Technological breakthroughs have paved the way for a safer and more comfortable method of looking inside the body. SUKI LOR examines some of these non-invasive systems that do an excellent job without compromising on accuracy SUKI LOR MORE than 110 years ago, German physics professor Wilhelm
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    • 639 13 Going through a cardiac scan A patient's story NATALIE Koh used to be quite a lively, outgoing manager and mother. Then she began to get chest pains once in a while. But whenever she went for a check-up, doctors would put her on an ECG test and the readings would
      639 words
  • Page 13 Advertisements

  • MALAYSIA/INDONESIA
    • 167 14 Bloomberg [KUALA LUMPUR] Maxis Communications Bhd, Malaysia's biggest mobilephone operator, plans to offer high-speed wireless Internet access to customers by the end of this year as user growth slows for traditional voice services. "The mobile market is saturating in Malaysia and
      Bloomberg  -  167 words
    • 526 14  -  PNB makes RM670m bid to privatise property firm By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S state-owned bumiputera investment agency Permodalan Nasional (PNB) has made a RM67O million (***** million) voluntary general offer to privatise property firm Island Peninsular (I&P) a move that suggests
      526 words
    • 513 14 But prosecutors plan to appeal within 14 days Reuters [MANADO, Indonesia] An Indonesian court yesterday cleared Newmont Mining Corp and the American president of its local unit of dumping toxic waste into a bay near a gold mine in North Sulawesi and making people
      Reuters; REUTERS  -  513 words
    • BRIEFLY ASIA
      • 56 14 AP [SHANGHAI] China will overtake the US as the world's biggest source of greenhouse gasses this year, reported the Wall Street Journal, citing the International Energy Agency. China had been forecast to surpass the US In 2010, but its sizzling economic growth has pushed
        AP  -  56 words
      • 49 14 Reuters [MUMBAI] France's LVMH Moet Hennessy Louis Vuitton is in talks to buy 20 per cent of Indian leather goods maker Hidesign, the Economic Times reported. LVMH will position the Indian brand as an affordable product in overseas markets like Japan.—Reuters
        Reuters  -  49 words
      • 49 14 Bloomberg [JAKARTA] Indonesia's PT Bank Lippo has appointed Hendrik G Mulder, head of ABN Amro Holding NV's local unit, as its president, filling a post vacant for six months. Malaysia's state-run investment company Khazanah Nasional Bhd owns 87.5 per cent stake in Bank Lippo. —Bloomberg
        Bloomberg  -  49 words
      • 43 14 Reuters [KUALA LUMPUR] A MALAYSIAN state firm is in talks to take over Kuala Lumpur's monorail line. The plan is for Syarikat Prasarana Negara to take over KL Monorail's operational assets and loan liabilities. —Reuters
        Reuters  -  43 words
      • 48 14 Reuters [SHANGHAI] American International Group's fund management joint venture in China expects to launch a fund in the second quarter to invest in the booming A-share market. AIG-Huatai Fund Management Co Ltd is awaiting regulatory nod for the fund. —Reuters
        Reuters  -  48 words
  • Page 14 Advertisements
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    • 5 14 i ißm nm 1 /^L
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  • GREATER CHINA
    • 559 15  -  Office rents soaring on strong demand as mass residential sector slows By JANE MOIR in Hong Kong A HONG Kong government property market review suggests stellar growth in office and retail space in 2007, while the city's mass residential market slows
      AFP  -  559 words
    • 552 15 Citizens can seek data from state but within strict limits Reuters [BEIJING] China yesterday unveiled rules promising to expose its secretive government to greater transparency in an effort to fight graft and misrule but within strict limits. The regulations, signed by
      Reuters; AP  -  552 words
    • 384 15 Delivery firm has hired broker for Shanghai offer Reuters [SHANGHAI] China Railway Express Co, owned by the Ministry of Railways, is planning a Shanghai listing late this year to raise funding for expanding its business. two sources familiar with the situation said yesterday.
      Reuters  -  384 words
    • 173 15 AP [BEIJING] Total venture capital investment in China stood at US$2.2 billion in 2006, up 52.5 per cent over 2005, with foreign investors dominating the market, a consultancy said. Foreign investment made up 85.2 per cent of the total last year while only 6.8 per
      AP  -  173 words
  • Page 15 Advertisements
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      27 words

  • INDIA
    • 530 16 It is procuring raw materials as demand for steel rises, analysts say Bloomberg [MUMBAI] Vedanta Resources pic agreed to buy Mitsui Co's entire stake in Indian iron ore exporter Sesa Goa Ltd for US$9Bl million, defeating rivals including Arcelor Mittal
      Bloomberg  -  530 words
    • 181 16 Full-fledged entry into electrical construction materials sector AFP [TOKYO] Major Japanese electronics firm Matsushita Electric Works said on Monday that it had bought 80 per cent of Anchor Electricals of India in hopes of a getting a slice of the booming market. The purchase will allow
      AFP  -  181 words
    • 7283 16 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star Europe Eqty 1 112/ St* Europe Bond 1.191/ Star Europe Bai 1269/ Stat Asian Tiger Eqty 1 375/ Star Asia Bond 1 318/ Star Asia Balanced 1107/ Star Global Technology Fund!** 0.217/ Multi St Ed 0979/ Star Asia BondlUSO) 0872/ Gt)
      7,283 words
  • Page 16 Advertisements
    • 65 16 Allianz Global Investors FOR US, IT'S THE SILVERWARE IN ■Br f Iftft- YOUR POCKET THAT MATTERS MOST. j mmm- As Winner of the Standard Poor's 2007 Singapore Fund Awards, we are naturally JLLI J |S delighted. But not surprised. We're renowned for producing consistent returns for our clients. FRANKLIN TEMPLETON
      65 words

  • MIDDLE EAST
    • 445 17 Gulf emirate also plans to award a fixed-line licence before year-end Reuters [DUBAI] Qatar invited on Monday expressions of interest in the country's second mobile phone licence, which will end the last remaining mobile phone monopoly in the Arab world by the end
      Reuters; AFP  -  445 words
    • 222 17 AFP [WASHINGTON] The US State Department announced sanctions on Monday against 14 entities, including three Chinese firms and Syria's air force and navy, as part of a stepped up drive to halt banned military dealings with Iran and Syria. The measures also
      AFP  -  222 words
  • Page 17 Advertisements

  • ASIA-PACIFIC/WORLD
    • 514 18 Reuters [LONDONI Private equity firm Kohlberg Kravis Roberts (KKR) moved closer to winning a US$22 billion bid battle for Alliance Boots yesterday, by raising its offer by 4.5 per cent and securing a quarter of the company's shares. KKR, which has the support
      Reuters; REUTERS  -  514 words
    • 527 18  -  By OUR CORRESPONDENT in Bangkok THE family of ousted Thai prime minister Thaksin Shinawatra plans to appeal against the latest penalty of 27 billion baht (551.27 billion) demanded by the military installed government's Asset Scrutiny Committee (ASC) for alleged tax avoidance
      527 words
    • 355 18 LATEST US DATA March home sales plunge by largest amount in nearly 20 years Reuters, AP [NEW YORK] US consumer confidence slipped in April to its lowest since last August, reflecting worries that rising petrol prices could ignite inflation and crimp economic
      Reuters,; AP  -  355 words
    • 282 18 Reuters [HANOI] Small investors who risked savings and borrowed money to buy into Vietnam's booming stock exchange are fleeing the market, which shed more than a third of this year's gain in less than a week. "Small investors like myself are selling because we are
      Reuters  -  282 words
  • Page 18 Advertisements
    • 674 18 i S2PST ,#j PACIFIC SHIPPING TRUST A (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. Notice of Books Closure Distribution Payment Date NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific
      674 words

  • WORLD
    • 360 19 But Russian import ban on Polish meat will overshadow summit next month Reuters [MOSCOW] Russia and the European Union (EU) opened talks yesterday on achieving visa-free travel between the two, signalling the prospect of improved relations amid a period of tension between Moscow
      Reuters  -  360 words
    • 288 19 Reuters [NEW YORK] Google Inc has knocked Microsoft Corp from its perch as the world's top-ranked brand, according to findings released yesterday. The rankings, compiled by market research firm Millward Brown, also put Google ahead of well-estab-lished brands like General Electric Co, No
      Reuters; AP  -  288 words
    • 444 19 Reuters [LONDON! British oil and gas group BP pic reported a 17 per cent drop in firstquarter net profit yesterday as oil prices and production fell and costs rose. BP said its replacement cost profit, which strips out the impact
      Reuters  -  444 words
    • 870 19 Men tend to choose jobs with higher income, says expert NYT [ATLANTA] What's in your wallet? A lot more money, if you're a man, according to a study released Monday. Although* American women have made major advances in education and income during the
      NYT  -  870 words
    • 688 19 Reuters [WASHINGTON] World Bank president Paul Wolfowitz has hired a high-pro-file lawyer who hopes to present to a special bank committee Mr Wolfowitz's case that he was not unethical in directing a promotion for his girlfriend. Robert Bennett, a Washington lawyer who has represented clients
      Reuters  -  688 words
  • Page 19 Advertisements
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  • AVIATION
    • 524 20  - Seletar Airport extending runway to 1 ,800 m It is the latest move to make Seletar Aerospace Park a major hub by 2018 By TAMARA MOHANAN KUPPUSAMY [SINGAPORE] Seletar Airport will soon become more attractive to low-cost carriers looking for a second base. Its runway will be extended from 1,200
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    • 128 20 AS part of its rebranding scheme, India's biggest domestic airline Jet Airways has introduced new menus for its routes between Singapore and Delhi, Mumbai and Chennai. The revamped menus emphasise lesser-known regional cui- sines from Rajasthan, Hyderabad, Kashmir and Chettinad, and also feature North Indian
      128 words
    • 349 20 Deal approved by Qantas' buyout group, says paper AFP [SYDNEY] Australian flagcarrier Qantas has decided to buy a 30 per cent stake in Vietnam's Pacific Airlines as part of a move to expand in the Asian market, it was reported yesterday. A Vietnamese
      AFP  -  349 words
    • 189 20 AP [ST LOUIS] Nearly 2,600 workers at Boeing plants in suburban St Louis could walk off the job as early as next month if negotiations between the company and the Machinists union fall through. Members of the International Association of Machinists and Aerospace Workers
      AP  -  189 words
    • 460 20 AFP [SYDNEY] The private equity consortium bidding to buy Australian national airline Qantas launched a fresh appeal yesterday for shareholders to accept an offer analysts said was looking increasingly shaky. Airline Partners Australia (APA) urged shareholders "Accept now the best Qantas share price ever,"
      AFP  -  460 words
    • LOG BOOK
      • 91 20 AFP [KUALA LUMPUR] National carrier Malaysia Airlines will be compensated by Airbus for the delay in the delivery of its A3BO super-jumbo planes, a top official from the European firm said on Monday. "Absolutely, there will be some compensation for them," Airbus chief
        AFP  -  91 words
      • 94 20 Reuters [BANGKOK] National carrier Thai Airways International said yesterday its pre-tax profit for the first half of its financial year to March 31 would be lower than the 14.3 billion baht (*****.4 million) of a year earlier. Although the airline filled more seats
        Reuters  -  94 words
      • 81 20 AFP [BRUSSELS] An EU court shot down The Netherlands' so-called "open skies" aviation accord with the United States yesterday, ruling it was illegal because such pacts should be between the EU and the US. The European Commission brought the case before the court
        AFP  -  81 words
    • 2327 20 an www it* wt «t» SQ456 1300 Ailiilil LH9771 17S0 LH9770 2345 SQ268 1750 SQ269 2345 *llm<ltl< SQ531 0740_ Amsterdam SO32 3 0630 AZ3993 2245 AZ3992 1555 KL838 2245 KLB37 1555 L***** 2345 SQ3j4 2j45 Mkm* SO 348 0100 ASwU AC52Q2 2335 AC5203 0645 UA885 2335
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  • Page 20 Miscellaneous
    • 344 20 CRYPTIC CROSSWORD 1 One of nine in plot is perplexed (7) HI Hi 5 More than one bargains for JH Ha HH HI HI IH on getting into public trans- 9 Hardy variety of monster (5) 10 I'm so taken back by it in any display of ill-will (9) 1
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  • SHIPPING
    • 354 21  -  The orders are for 10 bulk carriers of 57,000 dead weight tonnes each By WONG WEI KONG [SINGAPORE] Cosco Corp (Singapore) announced yesterday that the group has won building contracts worth US$33B million. The contracts were won by Cosco (Zhoushan) Shipyard Co Ltd, a
      354 words
    • 324 21 Q1 profit up 31 for Cosco unit Dry bulk rates almost double from year earlier Bloomberg [HONG KONG] Cosco Shipping Co, a unit of China's biggest shipping company, said first-quarter profit rose 31 per cent as it charged more to carry coal, steel and other dry bulk cargos. Net income
      Bloomberg; BLOOMBERG  -  324 words
    • 313 21 SGX '000 St W- Vol Ch Offshore -0.53 0 06 ***** Chuan Hup Hldgs 0J6 0 02 7498 CoscoCorp 2.79 -0.04 6008 Curt Limited 1-28 0 02 986 Eva Hldgs 5 90 0.10 859 freight Links 0,13 unch ***** Grand Banks 106 -0.01 17 Java Hold Ltd 1.41
      313 words
    • 398 21 Reuters [SINGAPORE] Singapore shipbuilder ASL Marine yesterday said its total capacity to build offshore vessels used in oil exploration will nearly double when its new yard in China is fully operational next year. Shares of ASL Marine jumped nearly 8 per cent
      Reuters; FILE PHOTO  -  398 words
    • 686 21  -  STRAIT TALK By DAVID HUGHES WHEN I joined my first ship in Genoa, in Italy, back in 1970, I was fully expecting to see the world, get ashore in all sorts of new places, explore exciting countries. Actually,
      686 words
    • 172 21 Bloomberg [LONDON] The UK government yesterday said troops will resume ship inspections in the Persian Gulf, almost a month after Iran seized 15 of its sailors. "UK forces will today recommence boarding operations in the Gulf that were suspended following the seizure
      Bloomberg  -  172 words
    • 121 21 AFP [SEOUL] South Korea's Samsung Heavy Industries, the world's second largest shipyard, said yesterday its first-quarter earnings increased more than fivefold from a year earlier on increased orders for high-priced vessels. Net profit came to 90 billion won (S$ 146.9 million) in
      AFP  -  121 words
    • 290 21 Bloomberg [WARSAW] Poland's failure to find a buyer for the unprofitable Gdynia Shipyard may cost the domestic shipbuilding industry at least US$3.6 billion over five years, or about 10 per cent of last year's state budget, a new report said. Without a buyer,
      Bloomberg  -  290 words
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  • EDITORIAL & OPINION
    • 520 22 EDITORIAL THE recent "conflict of interest" controversy arising from the CEO of the Singapore Exchange (SGX) Hsieh Fu Hua owning a founding stake in a company involved in activities that competed directly with SGX appears to have been satisfactorily resolved. Last week, Mr
      520 words
    • 429 22  -  THE BOTTOM LINE By NICHOLAS D KRISTOF AP INDIA is stirring after many centimes of torpor, and it has a chance of ending this century as the capital of the world, the most important nation on earth. You see up-and-coming
      AP  -  429 words
    • 1054 22  -  According to the WTO, the total value of commercial services trade was US$4.76t in 2005, equivalent to 23% of global merchandise trade By RAHUL SEN IN Asia, the importance of cross-border trade and investment in services is being increasingly visible in
      AP  -  1,054 words
    • 1113 23  -  The tragedy for Mr Wolfowitz, of course, is that many people at the bank were already gunning for him By DAVID RIEFF There is still a lot we don't know about the scandal that has engulfed Paul D Wolfowitz, the former US deputy secretary of defence
      AFP  -  1,113 words
    • 1314 23  -  By and MATTHEW BENJAMIN NIPA PIBOONTANASAWAT Bloomberg HE world's largest shopping centre looks almost deserted on a recent afternoon. While 1 schoolchildren ride the sidewinder and roller coaster, there are few shoppers and fewer tenants at South China Mall in central Dongguan,
      Bloomberg; BLOOMBERG  -  1,314 words

  • Page 23 Advertisements
    • 699 23 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 TRANSASIA TELECOM LIMITED (Company Registration No. *****1523K) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 123 Penang Road #05-12 Regency House Singapore *****5 on 20 April 2007, the following resolutions were duly passed:
      699 words

  • 11759 24 SGX MAINBOARD Transaction date: Apr 24 52 WV Tel Last Vol Day Last Quote Div GrVM Net MCap High Low Code Company Sale ("000) High Low Buyer SeMer Cvr Pit $mil 3.5 2 5716 1st Software 2 susp 11 13.5 6 3148 8Telecom 13cd +0 5 3274 13
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  • Page 24 Advertisements
    • 27 24 Trade from 20% deposit (5 x leverage) on most stocks Go long or short comp^ffnan^-"rte,ln ma,te9t Access to Asian, US> euro stocKs Sotoct Exchange indices Competitive Comnrtissioncnarges
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  • 5245 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy %yr Apr 23 Index Change Change Change Change Change Change World Index Preliminary 1159.8 54 00 Ti &6 t EAFE Preliminary 1172.2 -0.1 5.8 -0.1 6.5 -0.2 8.1 Europe Preliminary 1595.9
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  • Page 25 Advertisements

  • Page 26 Advertisements
    • 1319 26 UK CONTINENT SERVICE U.S.A 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.EJS.E.A. 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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    • 570 26 iMRAfIAROIOSIMCS VESSR/VOY mrffTl HBGHTC) KG KOI jfl SW JKT STtAiTS EXPtESS 30 4.0 15/04 19/04 22/04 24/04 SIUffSVBITUtfI IS U 06/05 08/05 |srumVßmjK2 I 15 I 4.1 I 13/05 17/05 20/05 22/05 IAIffTRAUAN rqrq SERVICE I VESSa/VOT HAMfffT) ICGHTW I 13 I SW I W SYP MB. APE FRE POSITIVE
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  • Page 27 Advertisements
    • 1602 27 WAN HAI INTERNATIONAL PIE LTD a NO: **********0/* V-- TEL *****588 (14UNES) FAX:*****163 \KI\IAfAM UAI I INFn Custom*Service/BookingsDirectUm• (1800)*****200 V 11 I flnll I IMI klllfcl# HIIH:(O3)J344MIHUfc(BJ) J*****MP811H:(04|*****00M1:(04|*****9 V JOHTH: (07) *****23 HUL'(07)*****71 SURIH: (031) J29J47S FUb (Oil) *****14/ *****DS www wnnhni ram in *T1H;(021)*****11F«:(021)*****UPUUH;71UK/71U01 FUL/lU* www.wqnnßi.tßm.ig Baiß:|o6l>4lS7lttH«:|o*l)4lsl«i/414MW roUSWHKGKHH Kg
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    • 839 27 m S)(32Qs*t WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN ICO POINTS VtSSEI I WY I SIN PPAUG COLOMBQ II SHEW COLOMBO iajivgawwi 01I3W KVH li™ ft** J22JS4L_ JBJJ4L_ MtfMi m OIM*T 02 MAY OS MAY 09 MAY 13MAY KOTA PAHUWAII YfHOt; 01 MY WMAY UMI It
      839 words

  • THE BUISNESS TIMES SHIPPING TIMES
    • 6318 28 This HA ETA Adverttaer Vessel Voyage Telephone SIN Oesfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 07/05 17/06 Delmas NALA DELMAS 719W *****344 14/05 16/06 Del mas VERONIQUE DELMAS 720W *****344 14/05 19/06 Del mas VERONIQUE DELMAS 720W *****344 To ABU DHABI (AUH) 2004
      6,318 words
  • Page 28 Advertisements
    • 503 28 VESSEL VOY PKL SIN KHI PXB BAB DMM BIK KHO IRAN BAABAEI PCLBI96 29/04 30/04 09/05 12/05 13/03 19/05 21/05 23/05 IRAN SATTARI PCLBI97 06/05 07/05 16/05 19/05 20/05 26/05 23/05 30/05 IRAN TABATABAEI PCLBI9B 11/05 12/05 21/05 24/05 25/05 31/05 02/06 04/06 I VESSEL VOY SIN NHS BNP PXB
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    • 376 28 Bp tug I _lgM__l__llfczl I W«mIh»I 188 I lljgzd >&'■! In SKh— m» 9m —ok- .lE.. JLfs Esaa£B VRSH VOY SM PASN GIIDM6 CMTMGONG Thiipiri UkmH W .>. I d I.d 1 d rt. I d rt. I d tJ -5T| d PAORC EXftfSS 29K I 23/04 I 24/04 127/04
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    • 344 28 Fbe glory navigation group! I SINCt 1070 I I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: a KAOHSIUNO A CHINESE PORTS, HONG KONG I TO* FROM I I SOUTHEAST ASIA I SMGAFORE
      344 words


  • MOTORING
    • 815 30  -  Marque in no hurry to go beyond its current output of 10,000 cars a year By SAMUEL EE BENTLEY is at the top of its game and in no hurry to grow beyond its current production of 10,000 cars a year, says Stuart McCullough,
      815 words
    • 484 30  -  By SAMUEL EE SINGAPORE will be the first country outside Japan to launch the Lexus LS6OOh petrol-electric hybrid and when it arrives later next month, authorised distributor Borneo Motors says it will redefine the global standard for luxury sedans. "The hybrid technology
      484 words
  • Page 30 Advertisements
    • 38 30 ;•■v v 1 IT'S FEMALE MAGAZINE'S II .1 I ■H*l I ■—^—I ■■■l W 4 fliß Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS). &ATC\gp fjg Holdings
      38 words

  • EXECUTIVE MONEY
    • 1119 31  -  However, JAMES MEYERS warns, the carry trade is not for the faint-hearted investor JAMES MEYERS ARGUABLY, no investment strategy has attracted as much attention as the carry trade. We have received many inquiries into this trade over the past few months, particularly concerning ways to
      FILE PHOTO  -  1,119 words
    • 735 31  -  In a global economy, it's likely a matter of time a rising tide lifts all boats CHET CURRIER Bloomberg IF STOCKS were consumer goods like cars or candy bars, investors in equity mutual funds would be heavy contributors to the
      Bloomberg  -  735 words
    • 1168 32  -  MONEY MATTERS We seem to still be at mid-cycle in our current bull market, so you'll lose out if you sit on the sidelines. Just jump in cautiously LIM SAY BOON Source: SCB group Weach Managment Datastream mentals have changed. I was an
      Source: SCB group Weach Managment Datastream  -  1,168 words
    • 819 32  -  It's a theme that lends itself to varying risk profiles, reports GENEVIEVE CUA GENEVIEVE CUA SINCE real estate investment trusts took Singapore by storm some years ago, the appetite for yield-bearing assets has grown. Enter infra-structure-themed investments there are set to be an increasing number
      819 words
  • Page 31 Advertisements
    • 181 31 "...the body and weight are nigh perfect. Sensational!...truly beautiful." The global name in FX AHBh 1 Choose a world leader for a professional FX trading service. We offer tight spreads on (65 6390 5118 MgmfflM I all major FX pairs and a huge range of exotics, plus CFDs on shares,
      181 words