The Business Times, 27 April 2007

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Total Pages: 32
1 32 The Business Times
  • 20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Friday, April 27,2007
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  • 720 1  -  By MICHELLE QUAH [SINGAPORE] The Singapore Exchange (SGX) has given its clearest indication yet that chief executive Hsieh Fu Hua's current term with the company will be his last. SGX chairman JY Pillay, responding to queries from The Business
    720 words
  • 616 1  -  New York-listed Qimonda will create more than 1,500 jobs at its S'pore plant By AMIT ROY CHOUDHURY [SINGAPORE] Qimonda, a new memory chip company spun out of Infineon Technologies, announced plans yesterday to build a mega two billion euro (Ss4.l
    616 words
  • Page 1 Advertisements
    • 62 1 Cinema CORPORATE RESULTS Keppel: Q1 profit Up 48% PAGE 4 -Standard Chartered Bank chairman Mervyn Davies, on the importance of China In the Raffles Conversation tomorrow ii> In 'i i Iflr ■> ,Z/41.- r BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your
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    • 11 1 PROPERTY What's driving prices? PAGE 2 11l Markets Digest, Page 3
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    • 22 1 ■■■1 WORLD GOURMET SUMMIT This Spanish chef stays SH ><**■ true to his roots page 29 ent 4,' J Chopard Less is more
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  • TOP STORIES
    • 948 2  -  Study shows highest increases in yield in projects outside prime areas By ARTHUR SIM [SINGAPORE] Property prices have risen significantly in the past year, and rents too but not by as much. As a result, yields are up marginally, leading
      948 words
    • 428 3  -  By WINSTON CHAI [SINGAPORE] With the improved economic outlook, the government will spend more to improve its computer systems by handing out $730 million of technology contracts this year. In all, public sector agencies are expected to release 341 information technology
      428 words
    • 132 3 STI 3,406.89 (+44.21) ST INDEX FUTURES 3,393.00 (+42.00) SIMSCI 420.01 (+5.80) SIMSCI FUTURES 418.30 (+4.30) MARKETS Thursday Change KLCOMP Closed NIKKEI 225 17.429.17 +193.01 HANG SENG 20,667.29 +130.51 SET INDEX 690.79 +0.49 JAKARTA COMP 2,016.03 +29.36 MANILACOMP 3.350.34 +40.91 SEOUL COMP 1,553.13 +7.58 SHENZHEN B 586.07 +9.73 MUMBAIIND
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    • 408 2 March output falls 2.9%, the first in 2 years EITHER the services sector surged, or the 6 per cent first quarter flash GDP growth figure is a tad too high. Or probably both, economists reckon, after March's manufacturing figures posted the first decline in just over two years.
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    • 561 3  -  Economists expect Q1 GDP growth estimate of 6% to be downgraded By ANNA TEO [SINGAPORE] Either the services sector surged, or the 6 per cent first quarter flash GDP growth figure is a tad too high. Or probably both, economists reckon,
      561 words
  • Page 2 Advertisements
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  • COMPANY NEWS
    • 549 4  -  HOCK LOCK SIEW By OH BOON PING ON WEDNESDAY, contract manufacturer Venture Corp reported an impressive 43.3 per cent surge in first-quarter net profit on a 32 per cent rise in sales to $968.9 million. The figures are impressive, yet one cannot help
      549 words
    • 552 4  -  Record profit notched on back of booming oil and property markets By CONRAD RAJ KEPPEL Corporation continued on its stellar path by producing yet another set of record profits and earnings per share for the first quarter ended March 31, largely on
      Source: Bloomberg  -  552 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 765 5 169,679,000 Common Units subject to the Over-allotment Option Offering Price Range: 551.40 to 551.62 per Common Unit Rickmers Maritime is a Singapore business trust formed with the objective of owning and operating containerships under long-term, fixed-rate charters to container liner shipping companies. Rickmers Maritime has a contracted asset portfolio of
      765 words
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      72 words

  • SINGAPORE MARKETS
    • 511 6  -  STOCKS Advance-decline scores show index stocks perform better than the broad market in mixed session R SIVANITHY Senior Correspondent THE Dow Jones index's crossing of the 13,000 mark on Wednesday was chiefly responsible for the Straits Times Index (STI) regaining the 3,400 mark yesterday,
      Source: Bloomberg  -  511 words
    • Article, Illustration
      939 6 SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL Up Down Undi Up Down Undi Up Down UikIi Multi Ind 10 6 _1 1 0 J) 11 6 1 Manufacturg 88 78 56 20 15 16 108 93 72 Commerce 24 25 28 10 7 6 34 32 34 Tpt/Stor/Com 26 10 6
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    • Article, Illustration
      947 6  -  Compiled by MATTHEW PHAN A LAUDABLE 1Q07: Keppel Land has reported better-than-expected IQO7 results, posting a PATMI of $62.5 million, a 72.2 per cent increment from IQO6. While this is a 23 per cent quarter-on-quarter decrease, the PATMI in 4Q06 was boosted by a net gain less impairment
      Source: Bloomberg  -  947 words
    • 544 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar was able to make something of a comeback yesterday on profittaking ahead of a key US Q1 GDP number later tonight, and an extended European break this weekend plus Japan's Golden Week holidays next
      Source: Reuters  -  544 words

  • COMPANY NEWS
    • 318 7 ELECTRONIC products distributor Thakral Corp yesterday posted a small net profit of $217,000 for its first quarter ended March 31, compared to its net loss of $7.28 million a year ago, but this was accompanied by a 34 per cent slide
      318 words
    • 462 7  -  Boost comes from higher margins and lower operating expenses By ROLAND LIM SEMICONDUCTOR test and packaging firm STATS ChipPAC (Stats) has reported a 42 per cent rise in firstquarter profit, driven by stronger margins and lower operating expenses. For the quarter ended April
      FILE PHOTO  -  462 words
    • 330 7 Aztech Q1 profit jumps 79% on 21 revenue growth TECHNOLOGY firm Aztech Systems yesterday reported a 79.2 per cent rise in earnings for the three months ended March 31, to $3.8 million from $2.1 million in the previous corresponding period. Gross profit margin rose to 19.1 per cent from 16.8
      330 words
    • 698 8  -  PROPERTY FOCUS It plans initial USsloom stake in Russian logistics property developer By KALPANA RASHIWALA CAPITALAND plans to take an initial US$lOO million stake in a big Russian logistics property developer with big expansion plans in the Commonwealth of Independent States (CIS) involving
      ARTHUR LEE  -  698 words
    • 495 8  -  By MATTHEW PHAN SINGAPORE developers could take their cue from a Chinese company to test the water for an upcoming launch, it decided to sell limited edition VIP cards, which give holders the right to choose their units first
      JOHN HENG  -  495 words
    • 296 8  -  By UMA SHANKARI MAPLETREE Logistics Trust (MLT), which owns warehouses and container depots in Singapore and abroad, said yesterday its distributable income for first-quarter 2007 grew 84.2 per cent to $15.3 million, from $8.3 million a year earlier. The trust's dividend per unit (DPU) rose 34.5 per
      296 words
    • 349 8  -  By ANGELA TAN CAPITALAND'S service apartment arm Ascott Group yesterday launched a China-focused private equity investment fund with a target size of US$3OO-500 million. Ascott said it intends to hold at least 30 per cent of the closed-end Ascott Residence (China)
      349 words
    • 455 8  -  AGM WATCH By UMA SHANKARI SHAREHOLDERS of Keppel Land will have much to be pleased about as they head into the developer's annual general meeting today on the back of good first-quarter results, but there will no doubt be concerns that need to
      455 words
    • 349 8  -  By UMA SHANKARI SUNTEC Real Estate Investment Trust (Suntec Reit), which is controlled by Hong Kong tycoon Li Ka-shing, yesterday reported a 19.3 per cent increase in distributable income for its second quarter ended March 31, on the back of higher office rents. The
      349 words
    • 399 8 Allgreen buys Regent Garden for $34m ALLGREEN Properties yesterday announced that it has entered into an agreement to purchase Regent Garden at West Coast Road for $34 million in cash. The estimated development charge payable is $7.6 million. The freehold property has an area of7,038 sq m and
      399 words
    • 257 8  -  By BENITA AW YEONG CAMBRIDGE Industrial Trust (CIT), a real estate investment trust, yesterday said that its distributable income in the quarter to March 31 came to $7.4 million, exceeding forecast by 8.8 per cent. This means 1.434 cents per unit is available to
      257 words
  • Page 7 Advertisements
    • 437 7 Q&A Wealthy Families Need A Global Trusted Advisor i MMU a ■f, I q How is Private Banking changing? Q Who can benefit from your services? A Client needs are evolving as information A Clients with a net worth in excess of US$lO becomes globally available. They demand a trusted
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  • SINGAPORE NEWS
    • 370 9  -  Asia to account for 80% of revenues in 5-10 years By ROLAND LIM SEMICONDUCTOR equipment manufacturer Novellus Systems Inc yesterday announced that it has chosen Singapore as its international headquarters, which will be responsible for all of the Nasdaq-listed firm's operations outside the US.
      370 words
    • 350 9  - Tate Lyle opens $300m plant on Jurong Island By TETTYANA JASLI SUGAR company Tate Lyle yesterday officially opened its first splenda sucralose plant outside the US, on Jurong Island. The $300 million project is Tate's largest-ever investment in Asia. Splenda sucralose is a low-calorie food sweetener made from sugar. The
      350 words
    • 189 9 SINGTEL is hoping to add more globe-trotting executives to its subscriber base by offering them free satellite navigation in some countries when they buy Nokia's latest N95 handset. Besides a host of smart phone features, the N95 (right) is one of the first
      189 words
    • 391 10  -  Law firms expect even more with focus on R&D in high-tech industries By CHRISTINE SIM LAW firms have reported significant increases in the number of intellectual property (IP) registrations since the entrance of China into the World Trade Organization (WTO) in 2001, and
      391 words
    • 545 10  -  ATM card doubles as MasterCard debit card By CONRAD TAN STANDARD Chartered Bank yesterday introduced a US dollar deposit account and debit card aimed at foreigners living here and at frequent travellers. The USD High Account pays interest at 4 per cent per annum
      FILE PHOTO  -  545 words
    • 350 10  -  By MATTHEW PHAN A GLOBAL "biopact" between developed and developing economies could help increase biofuel supplies for developed countries while ensuring sustainable forestry practices, Professor John Mathews of Macquarie University told a bioenergy conference here yesterday. Prof Mathews has detailed the logic for
      350 words
    • 388 10  -  Aliens and TSMP say they learn from others' mistakes By TAMARA MOHANAN KUPPUSAMY THE latest joint venture between a foreign law firm and a Singapore practice won't fail because of lessons learned from others' mistakes, say lawyers from the two firms. The tie-up
      388 words
    • 341 10  -  By OH BOON PING SINGAPORE is setting up a $5 million SingaporeAsean Youth Fund in a bid to promote interaction among Asean youth. "It will fund Asean youth expeditions, youth exchanges, community projects, leadership-building programmes, seminars, and a whole range of other activities,"
      341 words
    • 379 10  -  By ARTHUR SIM A COMMITTED bid of $60,888 million has been received for a hotel site on the Government Land Sales (GLS) reserve list at Tanjong Pagar Road/Tras Street. The site will now be put up for public tender in about two
      379 words
    • 211 10 SIMEFIELD Pte Ltd. a subsidiary of niche property developer Sin Heng Chan, has bought a mixed landed residential site at Watten Rise for $80.8 million a new benchmark of $872 per sq ft. The strata-title development, comprising 52 units at 20-44 Watten Rise,
      211 words
    • 468 10  -  They can cut tax bill there by tapping tax regime here By LIN ZHAO WEI SINGAPORE could offer attractive tax savings opportunities for investments in China when China's corporate income tax law kicks in next year, said PricewaterhouseCoopers (PwC) Singapore tax partner
      468 words
    • 606 9  -  It has already pre-qualified four consortia that will be bidding By AMIT ROY CHOUDHURY THE government has launched the up to $1.5 billion Standard ICT Operating Environment (SOE) tender. Announcing the IT spending plans for 2007 yesterday, Infocomm Development Authority (IDA)
      606 words
  • Page 9 Advertisements
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  • ECONOMY WATCH
    • 295 11 Bloomberg [TAIPEI] Taiwan may set up an asset management company modelled on Singapore's Temasek Holdings to actively manage its foreign currency reserves, following a path taken by other Asian countries. "We'll study ways to improve our foreign reserve returns, including the
      Bloomberg  -  295 words
    • 294 11 FED BEIGE BOOK Consumer prices generally stable; slow manufacturing activity Reuters [WASHINGTON] Most US regions experienced only modest or moderate growth between the end of February and mid-April while prices were generally stable, the Federal Reserve said on Wednesday. "Most Federal Reserve districts noted
      Reuters  -  294 words
    • 465 11 Commodity producers and newspapers now feel slowdown Reuters [NEW YORK] The full impact from the slowdown in the US housing market on corporate profits is still ahead, as housing's drag spreads beyond obvious sectors like homebuilding and construction machinery. A strong and
      Reuters; AFP FILE PHOTO  -  465 words
  • Page 11 Advertisements
    • 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
    • 1204 11 IHS'.V.MI Corporation I Keppel Corporation Limited I Co Reg No: *****0351N H (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2007 H The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the first quarter ended
      1,204 words

  • MALAYSIA
    • 248 12 AP [KUALA LUMPUR] Malaysia's 13th king formally ascended the throne yesterday, pledging to reign wisely and safeguard the sanctity of Islam in a ceremony marked by traditional Malay rites and imperial pageantry. Sultan Mizan Zainal Abidin, garbed in a regal black jacket embroidered in
      AP  -  248 words
    • 387 12 [KUALA LUMPUR] At least one or two mergers and acquisitions among Malaysian banks are expected this year as the financial sector faces further liberalisation, international rating firm Standard and Poor's says. Malaysia's Business Times quoted Ping Chew, managing director and team leader for
      387 words
    • 254 12 Bloomberg (KUALA LUMPUR] Bumiputra-Commerce Holdings Bhd, Malaysia's second-biggest bank, may acquire banks in South-east Asia amid increased competition at home. "We want to be a significant player in the region," Bumiputra-Commerce chief executive officer Nazir Razak told reporters in Kuala Lumpur yesterday. There are no
      Bloomberg  -  254 words
    • BRIEFLY ASIA
      • 67 12 Reuters [SHANGHAI! The Shanghai IPO of Bank of Communications, China's fifth-largest lender, attracted a record 1.455 trillion yuan (Ss2Bs billion) in subscriptions, state media reported yesterday. Retail investors subscribed about 1.155 trillion yuan to the initial public offer, while institutions put up around
        Reuters  -  67 words
      • 90 12 Reuters [JAKARTA] Indonesia's fifth-largest lender, PT Bank Danamon Tbk, nearly doubled its net profit in the first quarter, thanks to an improvement in its net interest margin. Danamon, 69.25 per cent controlled by a consortium comprising Temasek Holdings and Deutsche Bank, posted a net
        Reuters  -  90 words
      • 60 12 Bernama [KUALA LUMPURJ "Halal Malaysia", a new brand name to market the country as a producer of world-class halal products, will be promoted to take the already internationally recognised Malaysian "Halal" logo to a higher level. "This is basically to promote the country,"
        Bernama  -  60 words
      • 82 12 AP IMANADO, Indonesia] Newmont Mining Corp said on Wednesday that it is considering expanding its investment in Indonesia following the acquittal of a US executive accused of dumping dangerous levels of toxins into a bay on Sulawesi island, sickening villagers. Tuesday's decision to acquit
        AP  -  82 words
    • 603 12  -  Investments double as Reits and foreign funds pile into A-grade property By PAULINE NG in Kuala Lumpur INVESTMENTS in commercial buildings in Malaysia more than doubled last year to a record RM2.67 billion (Ssl.lB billion) as real estate investment trusts (Reits) and foreign investment
      603 words
  • Page 12 Advertisements
    • 107 12 I I THE MONETARY AUTHORITY OF SINGAPORE! J Tenor Approximately 7 years I I ]1 Total Amount Allotted SGD 1,300,000,000 II Amount Allotted to I I Non-Competitive Applications SGD 79,722,000 I I Of which allotted to MAS Nil II Total Amount Applied SGD 2,260,122,000 II Coupon Rate 3.625% p.a. I
      107 words
    • 162 12 Modern A i a n -T* s Racilc of lamb Marinated with lemongrass and baked, the meat is so tender that the knife cuts through it effortlessly. Plus, it is juicy and tasty. Served with spicy brinjal, scallion and mint sauce as well as mango salsa, it is a charmer
      162 words
    • 26 12 J* IMF. LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times. I NOTICES O
      26 words

  • GREATER CHINA
    • 411 13 Central China strategy will bring balanced devt across regions SINGAPORE supports China's development strategy to balance economic growth across its different regions, but will leave it primarily to the private sector to take the lead in pursuing business opportunities, said Senior Minister
      411 words
    • 284 13 Bloomberg [HONG KONG] China Citic Bank Corp raised US$5.4 billion listing shares in Hong Kong and Shanghai, the company said, in the world's biggest initial public offering (IPO) this year. China's eighth-largest bank raised HK$2B.7 billion (555.5 billion) selling 4.89 billion shares
      Bloomberg  -  284 words
    • 131 13 Reuters [TAIPEI] TSMC, the world's top contract chip maker, posted its smallest profit in seven quarters on poor chip demand, but the downturn is near bottom as new PCs and consumer products fly off store shelves. Armed with its economic scale that yields
      Reuters  -  131 words
    • 608 13  -  Helping them internationalise may lead to more Chinese IPOs here Reports by NANDE KHIN in Zhengzhou SENIOR Minister Goh Chok Tong has suggested to Chinese Vice-Premier Wu Yi that China may wish to consider a medium to long-term strategy to get
      DENNIS THONG/LIANHE ZAOBAO  -  608 words
  • Page 13 Advertisements
    • 29 13 l ,w W"| J? 0 VOX NOSTRA to our www.dpa.org.sg fe- The move towards a truly global city calls out for universal and inclusive design in buildings and facilities.
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  • INDIA
    • 386 14 It buys out Lukoil's 50% in Caspian which has equity in Kazakh oil fields [MOSCOW/NEW DELHI] In his first major oil deal, billionaire Lakshmi N Mittal has acquired Russian oil firm Lukoil's 50 per cent stake in a Kazakhstan oil firm for US$9BO
      386 words
    • 519 14 Bloomberg [HONGKONG] Indian providers of information technology services remain attractive to foreign investors as takeover targets, Merrill Lynch Co's unit in India said. These Indian companies are considered undervalued when the demand growth for their products is likely to exceed 30 per cent, said Saurabh
      Bloomberg  -  519 words
    • 2349 14 UNIT TRUSTS FUNDS sggg- SI atoms saaae ju aaa igssssgf aasa, 4 Sga= -as t mJS5,5SSSai<co 14JV D«n Mow tdank Mmd* pfc 143V Sl«F(«dA »UH»W»Hg» t<g-i AfaMlliwa !5*? n, U2 6MmI&»Sm—I— {S DWS Now Gfc Eq Sd G. A USD 1048V 1>9V O-USMflUMMOA 1097*1 (xBtfitftatg !22"25 OooNpOTCI *****004 SfSSSST E
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  • Page 14 Advertisements
    • 46 14 Allianz Global Investors one of the world's largest asset managers with more Allianz (jfi) than US$l.2 trillion assets under management as at 31 December 2006. G o ,l! a r v !f, 0 ,z S For us, it's the silverware in your pocket that matters most.
      46 words

  • ASIA-PACIFIC/WORLD
    • 669 15 TAKEOVER OF ABN AMRO It may have to pay Bank of America up to US$200m if it accepts other bids AFP Reuters [AMSTERDAM] Dutch banking group ABN Amro, at the centre of a huge European takeover battle, yesterday signalled a shift in its
      AFP; Reuters  -  669 words
    • 264 15 Bloomberg [NEW YORK] NYSE Euronext, owner of the world's largest equity exchange, said first-quarter profit more than doubled on increased trading and cost cuts. Net income for the three months ending March 31 rose to U5567.6 million, or 43 cents a share, from
      Bloomberg  -  264 words
    • 579 15 Reuters [SAN FRANCISCO] Financial results from microchip companies have painted a picture of improving health for the US$25O billion industry as it recovers following an inventory correction. US companies such as analogue chip maker Maxim Integrated Products and Xilinx a maker of
      Reuters  -  579 words
    • 458 15 AP [SAN JOSE] Apple Inc blew past Wall Street expectations, posting quarterly profits that jumped 88 per cent, fuelled by strong sales of its iPod players and Macintosh computers. Shares of Apple soared more than 7 per cent on Wednesday on
      AP  -  458 words
  • Page 15 Advertisements
    • 1223 15 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF PANDER CO PTE LTD (Co. Rag. No. *****2214K) (In Mombort' Voluntary Liquidation) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Pander Co Pte Ltd duly convened and held at 5 Shenton Way #0608
      1,223 words
    • 429 15 ■HI ■nKIIBg| MB& Ml HI EH! HE ■M H R^K |HP ■BR nlL^B&--">l^ f £*1 J "rfmfllHTwi ■v n mM HqE JMKa^&"Kr^l A premium Wand property developer that focuses on die development of quality residential and commercial properties in Guangxhou, the PRC. INITIAL PUBLIC OFFERING Subscribe Now. Offer dotes at
      429 words

  • AVIATION
    • 697 16  -  2007 will be the first year of net gains after 6 years of net losses By VEN SREENIVASAN [SINGAPORE] The airline industry expects to continue flying high in the foreseeable future, thanks to buoyant revenue environment, weaker fuel prices and
      REUTERS  -  697 words
    • 574 16 [SINGAPORE] Singapore is offering additional incentives to airlines which mount new services to unserved points from Changi. This was announced by Transport Minister Raymond Lim yesterday when he officiated at the 2nd Annual Changi Airline Awards. "Today many airlines
      574 words
    • 2372 16 CITY HJ6HT ETA FLIGHT FTP AbuPhabl SQ455 1230 Adelaide LH9771 1750 LH9770 2345 SQ268 1750 SQ269 2345 Ahmadabad SQ531 0740 Amsterdam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 Mrnrn SQ348 0100 Atlanta AC5202 2335 AC5203 0645 UA895
      2,372 words
    • 247 16 Reuters [DUBAI] Dubai-based Emirates, the largest customer for Airbus's A3BO superjumbo, said it may order up to 15 more of the planes to meet surging passenger demand through its Gulf Arab hub from Europe and Asia. The government-owned carrier, which
      Reuters  -  247 words
    • 300 16 Reuters [NEW YORK] A US bankruptcy court on Wednesday gave Delta Air Lines the go-ahead to exit bankruptcy at the end of this month. "We're free at last," said Delta chief executive Gerald Grinstein. "I feel elated." Delta, the third largest US airline,
      Reuters  -  300 words
    • 154 16 AP [SYDNEY] Australia's Qantas Airways said yesterday that it has agreed to buy 30 per cent of Pacific Airlines from the Vietnamese government. Qantas said in a statement it has signed a deal with Vietnam's State Capital Investment Corp to partner it in
      AP  -  154 words
    • 114 16 Reuters [MUMBAI] The Airbus A3BO superjumbo aircraft will arrive in Indian skies next month on a promotional flight for Kingfisher Airlines, the carrier said yesterday. The A3BO, plagued by delays, is scheduled to visit Mumbai and New Delhi from May 7 to May
      Reuters  -  114 words

  • SHIPPING
    • 643 17  -  Review shows rebound in Asia-US cargo demand on all major segments By DONALD URQUHART [SINGAPORE] Container shipping lines operating on the trans-Pacific trade between Asia and North America are expecting a record peak season this year as they forecast a 10 per cent
      FILE PHOTO  -  643 words
    • 742 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR CANBERRA'S transport safety bureau has called on the Australian Maritime Safety Authority (Amsa) to review its marine orders or issue a marine notice to highlight the potential risks of high-pressure oxygen systems, in particular the dangers
      742 words
    • 265 17 SGX '000 S$ Vol Ch Offshore .0.62 0.01 ***** Chuan Hup Hldgs .0.37 0.01 5917 CoscoCorp .2.90 0.06 ***** Cwt Limited 131 0.03 1584 Ezra Hldgs 5J5 -0.10 211 Freight Links .0.14 -0.01 ***** Grand Banks 1.03 -0.01 65 Java Hold Ltd 1.49 0.04 1809 K1 Ventures .032
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    • 452 17 Bloomberg [SHANGHAI] China's two largest shipyard groups plan to double capacity by 2010, challenging South Korea as the world's top builder. China State Shipbuilding Corp, the nation's biggest, will have a potential 12.3 million deadweight tonnes output by 2010 m, up from 6.02 million last
      Bloomberg  -  452 words
    • 316 17  -  By DONALD URQUHART [SINGAPORE] The operators of Tanah Merah Ferry Terminal yesterday showed off the facility's new $3 million upgrade, which includes updated technology to speed passengers on their way. The terminal, run by Singapore Cruise Centre, serves destinations in Indonesia's Riau Islands and
      316 words
  • Page 17 Advertisements
    • 1680 17 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GOLD COIN DN INVESTMENT PTE LTD (CO REG NO. *****79MN) (Membert' Voluntary liquidation) At an Extraordinary General Meeting of the Member! of GOLD COIN DN INVESTMENT PTE LTD, duly convened and held on 23
      1,680 words

  • EDITORIAL & OPINION
    • 508 18 EDITORIAL A FEW years ago, a prominent Singapore businessman who moved in the highest social circles found himself a persona non grata overnight after news broke that he had been made bankrupt. While Singapore has relaxed its bankruptcy laws over the years so that unfortunate bona
      508 words
    • 982 18  -  When it comes to criticising the 'entitled', American conservatives seemed to have gone out of their way in bashing the 'elites' and 'bureaucrats' who manage supranational institutions LEON HADAR Washington Correspondent A FAVOURITE target for criticism by American conservative intellectuals, both of the neo and
      AP  -  982 words
    • 814 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT'S increasingly clear that much of our standard economic vocabulary needs revising, supplementing or at least explaining. The customary words we use don't fully convey what's actually happening in the real world. Let
      The Washington Post Writers Group  -  814 words
    • 1062 19  -  They have grown up on a steady diet of foreign brands and Western notions of consumption By ZHANG SHIDONG Bloomberg ELVIA Sun, a 24-year-old Shanghai advertising executive, spends most of her 3,500 yuan monthly salary on dining, foreign fashion labels and cosmetics. She's one of
      Bloomberg; AFP  -  1,062 words
    • 733 19  - Economic integration between EU US benefits all By JOSE MANUEL BARROSO IHT Americans invested four times as much in Belgium in 2005 as they did in China last year. Facts like this one remind us that sometimes, in periods of rapid change, it is important to hang on to the
      IHT  -  733 words
    • 203 19  -  LETTER TO THE EDITOR Jane Yeo WE refer to the article "Time for the exchange to relook buy-in process" (BT, April 24). We would like to clarify that the Central Depository (CDP) posts on a daily basis a list of securities to be bought-in on
      203 words

  • Page 19 Advertisements
    • 103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btietterOsph.com.sg or write to: The Business Times, SPH HQ,' 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
    • 1 19 Female
      1 words

  • FOCUS: GLOBAL TRADE
    • 502 20 Reuters [WASHINGTON] World Trade Organization (WTO) chief Pascal Lamy pressed US lawmakers this week to renew White House trade negotiating powers, which run out in two months' time, or risk failure of world trade talks. Senator Chuck Grassley, top Republican
      Reuters  -  502 words
    • 1005 20  -  Today, free trade may not be the win-win proposition that economic theory suggests By STEVEN PEARLSTEIN LATWP EVER since David Ricardo constructed his simple, twocountry, two-prod-uct analysis back in 1817, all right-think-ing people have understood that trade is good. The British make
      LATWP; AP  -  1,005 words
    • 490 20 US, French citizens concerned, Chinese embrace trade Reuters [WASHINGTON] More citizens of the United States, France and Russia have concerns about trade than their counterparts in China and South Korea, a new survey of global attitudes released yesterday showed. The poll, conducted by
      Reuters  -  490 words
  • Page 20 Advertisements
    • 1531 20 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACIFIC FURNISHINGS (S.EA.) PTE LTD (In Members' Voluntary Liquidation) Reg No. *****3772G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 26th Floor, Wyndham Place 44
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  • 11389 21 mm k mm m wmsm wmm SGX MAINBOARD 52-Wk Td Last Vol Day LastQuoU Div GrVW Net MCap High Low Code Company Sal« *1- C000) High Low 8uyr s««f Cvr m Smll 35 2 5716 1st Software 2 susp 8.1 15 6 3148 8Telecom :....1Scd +2 5 *****
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  • 7727 22 Finance commodities MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy Syr Apr 25 Index Change Change Change Change Change Change World Index Preliminary 1158.8 0.3 5.3 0.3 51 0.4 6.5 EAFE Preliminary 1167.5 0.2 5.4 0.3 6.5 0.4 8.1 Europe Preliminary
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  • Page 23 Advertisements
    • 1907 23 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMNALB/NAN AURORA SAPPHIRE CAM/NFK/NOiySAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.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 PAN BRIGHT JDH/BZA Loads Singapore, E./W. Malaysia, Indonesia loads E. Malaysia, Indonesia OTHER
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    • 125 23 Tf*- P. T. DJAKARTA LLOYD (PERSERO) IPO* AUSTRALIA FULL CONTAINER SERVICE YSI 1 VOT I SW I PKC I ft! 1 IK 1 STP I wa I ADt~ KAMAKURA 03SS 29/04 01/05 M/ 05 13/05 15/05 IS/05 ANL WARRING* 004$ 06/05 08/05 IS/05 JO/05 M/ 05 25/05 AM. TOPAZ 144$
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  • Page 24 Advertisements
    • 1678 24 WAN HAI INTERNATIONAL PTE LTD a NO: **********0/* TIL *****588 (14 UNES) FAX: *****163 V\M\ WAN HAI lINFS CuStomW Swvkt/BookkgsDMLin.-(1800)*****200 I VVMII lIMI LIIILJ HITH:(O3)JJ44SMSHUt(O3)*****2II P811H;(04)*****00fWt(04|2M6199 JOH IB: (07) *****23 NUt (07)2SIBWI »IB: (031) *****75 FAX: <031)*****14/ *****0$ www.nnk.ir.fflU «Ifc«I)S2*IMI»mi)S2S4WHMLm3M/7!l* M7UW9 www.wonnai.coni.sg WlH:(061)41S7Wm:(061)41»925/4My>W pgusinwgkhh kh mc kwy mis no m
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    • 1370 24 |-jr\ EASTERN CAR LINER, LTD \V V I SPECIALIZE IN ROUP HEAVY LIFT UPTO 450 TDNS~] vor »—(KT) UMm(KT) SIN PKL PIW JBT MIIA to HISAAZUL M 35 SO 05/05 07/05 11/05 WERUONACE 37 30 06/05 M/ 05 QKIENT IMS W 35 >0 1 575T 16/05 SHEUY 4 So T775T"
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  • The Business Times Shipping Times
    • 6339 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number V" < To ABIDJAN (ABJ) 2003 Cote D'lvoire 07/05 16/06 Del mas NALA DELMAS 719W *****344 IS/OS 19/06 Delmas VERONIQUE DELMAS 720W *****344 22/05 26/06 Del mas DELMAS CAMEROUN 721W *****344
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  • Page 25 Advertisements
    • 455 25 IRISL, Qih® $fe©£? 3m) Qfh® j (sX/D Qfhlfl&Hlgfi) IbM U&sHtjUg) (fax? ft§> Ms/ax®/ ipofimite 3® Hi?®® W/@(]l] os frs> O J soouffiMm 3m Qfo® Gasite&i) Qf?®mito Mam* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRICI acia DTE LTD SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES
      455 words
    • 426 25 Mfc iL RSh— —gfe— CKHK -M-^t~=H= =BBS==gg==E==il= «>B I I W»I1«_ I iw I urn I ifc: TOTOn (®l i?7U SUb MlWtt T§T §7H ffifo IMI I M C TiTiTiiS BfejjSKß mm hmtaji 04 2IZM H/M SSUT 1481 wfll ls^iQOTA»c^^iToa|^3>osl^o*^s^l^-^ir^«nwA^lw»o47jivos|i^Ps|7P^os|ivo>^l vtssa yor sm rum mum chutacomc MP* ~~F~ pmi tii
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    • 329 25 fhk GLORY NAVKATNN GROUpI I SINCE I*7o I I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS I a REGULAR WEEKLY SERVICES: B KAOHSIUNG A CHINESE PORTS, HONG KONG I TO A FROM I I SOUTHEAST ASIA J
      329 words


  • executive lifestyle
    • 592 27  -  off the cuff jaime ee I JUST had a thought: Singaporeans are a strange bunch. It's not a new thought. Many of us share it too, and I've harboured this suspicion even before passing by this insanely long queue at a doughnut shop in
      592 words
    • 1673 27  -  The super-rich in Singapore are spending more on their desires as lifestyles change, reports GEOFFREY EU GEOFFREY EU THE integrated resorts are still a couple of years away, but the high rollers are already in town and they're ready to play. They're also prepared to pay
      FILE PHOTO  -  1,673 words
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  • Wine
    • 970 28  -  Vertical tastings from Chateau Angelus and Chateau Palmer give a taste of the style and character of their wines, writes N K YONG N K YONG THE two tastings reported below took place during the World Gourmet Summit 2007. Chateau Angelus Hubert de Bouard of
      970 words
  • Page 28 Advertisements
    • 68 28 II CORNDALE II I CONSULTANTS PTE LTD I Leading Fine Rare Wine Merchant in Southeast Asia H ESPACE 900 26 900 205x187x117 53 Ssl8 2 988_^H ESPACE 1900 54 1900 205x187x223 82 ~lis2M66~^H ESPACE 2900~ 82 2900 205x187x329 110 5538,988 ESPACE39OO 110 3900 205x187 x 435 138 Ss4MBB^B CORNDALE CONSULTANTS
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    • 54 28 HM ,C Kj^v f\v j »^HH i land stanjj to win m f pSony Ericsson f PPOi Walkman Phones f §^M IP Aj Cash! wj£ Jmw& SMS "1003" to |lifei 'l Hft H ''^fl a Hg YOUR CHOICE INFOTAINMENT STATION Radio 100.3 is managed by SPH Unionworks, a subsidiary of
      54 words

  • WORLD GOURMET SUMMIT
    • 469 29  -  By GEOFFREY EU RETO Lampart was only 28 when he earned his culinary stripes in the form of a Michelin star at a restaurant in Winterthur, just outside Zurich. Since then, he's gone on to open his own establishment, Lampart's Art of Dining, in a
      469 words
    • 887 29  -  To a Spanish chef, cooking is not so much about eating but a crucial way of life, writes JAIME EE JAIME EE ONE of the oft-mentioned reasons why it is almost harder to get Spanish chefs to work overseas than it is to get a
      PETER KNIPP HOLDINGS  -  887 words
    • 520 29  -  By GEOFFREY EU THE first thing you notice about Ezio Gritti is his pans the ones he uses to cook with. It's safe to say that Gritti, a one-Michelin star chef at LOsteria di via Solata in Bergamo in northern Italy, has
      520 words
    • 429 29  -  By GEOFFREY EU IT'S easy to work up a thirst when watching Kevin Brauch perform his wellpractised culinary schtick on stage the Canadianborn TV host of The Thirsty Traveller on the Discovery Travel Living channel is a bundle of nervous energy, constantly cracking jokes, telling stories
      PETER KNIPP HOLDINGS  -  429 words
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  • Page 29 Miscellaneous
    • 257 29 CRYPTIC CROSSWORD ACROSS (3.5,3) 1 Sucker cast as pirate (8) Finished jog in storm (7) 5 Dessert seconds accepted by 7 Put byfor lateruse. Sailor has timid type (6) Q met C° d^) K 9 Extremely trendy suit (2,6) 8 See about Michaelmas daisy 10 Actor's from a cathedral city,
      257 words

  • MUSIC/NIGHT OUT
    • 774 30  -  THE MONTH IN MUSIC From brilliant unsung Australian musicians to songs so odd they probably should have remained unsung BEN MUNROE checks out the best and the rest of current releases BEN MUNROE John Butler Trio Grand National (Warner) AUSTRALIA is a spacious place
      774 words
    • 559 30  -  By MELISSA LWEE FAMOUS people and eyecandy always make for good conversation at parties but one guy took it a step further at Zouk's 16th anniversary bash last Saturday during the night's highlight show that brought to life the various high school cliques.
      559 words
  • Page 30 Advertisements

  • CINEMA
    • 618 31  -  Latest instalment is exciting but falls short of expectations, says GEOFFREY EU GEOFFREY EU IN Spider-Man 3, it appears that our friendly neighbourhood web-slinger has finally bitten off more than he can chew. There are multiple villains to deal with and dual crises
      AFP  -  618 words
    • 303 31  -  DVD By PARVATHI NAYAR THAT director Alejandro Gonzalez Inarritu has a soft spot for multiple narrative strands is obvious from his previous works Amores Perros and 21 Grams. In Babel this idea comes to a sort of grand climax: you not only have four
      303 words
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      139 words