The Business Times, 30 April 2007
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2007-04-30
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The Business Times
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Title Section23 2007-04-30 1 THE BUSINESS TIMES Jr A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 202/12/2006 Monday, April 30,200723 words
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Article, Illustration468 2007-04-30 1 CHUANG PECK MING - Coming after S Korea and HK, they make average base of US$239,866 but total cash of US$444,414 By CHUANG PECK MING [SINGAPORE] Chief executives in Singapore earn an average of U*****,866 in annual base salary but their annual total cash compensation, includingSource: Mercer Human Resource Consulting - 468 words
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Article, Illustration695 2007-04-30 1 VINCENT WEE - 65% job target for workers aged 55-64 not too bold, says Boon Heng By VINCENT WEE [SINGAPORE] An employment target of 65 per cent for workers aged 55-64 which has already been achieved by developed countries like Japan and Sweden is "not tooDESMOND WEE/THE STRAITS TIMES - 695 words
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Page 1 Advertisements
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Advertisement70 2007-04-30 1 J HOCK LOCK SIEW UOB: When the known is better than the unseen WALL STREET Revving up for S&P 500's turn at record territory PAGE 23 RISING RENTALS CEOs on the impact of the spike in office and housing rentals on business costs VIEWS FROM THE TOP, PAGES 10-12 ...JmHm70 words
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Advertisement136 2007-04-30 1 jte DINING OUT gfllE/ Italian eatery PAGE 14 WEALTH Asians star in UK Sunday Times 'Rich List' PAGE 2 >;•* SOME STEEL IS MORE AMBITIOUS 4 TH A N OT H ERS i :*.ti ONLY ROIEX USES 904 l STEEL EOR T S S*r?i WATCH CASES OO4L S USUALLY RESERVED136 words
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TOP STORIES
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577 2007-04-30 2 NEIL BEHRMANN - Mostly immigrants enjoying tax breaks, they leave 'old rich' far behind By NEIL BEHRMANN in London THE wealth of the superrich is now staggering, following numerous deals and new technology and a fouryear bull market in equities, property, commodities, art and other assets.577 words
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407 2007-04-30 2 By OUR CORRESPONDENT in Bangkok MINORITY shareholders of now-defunct television operator iTV Pic have decided to file a criminal lawsuit against the office of Thailand's Prime Minister Surayud Chulanont, claiming damages to the tune of 290 billion baht (5512.6 billion) because of the407 words
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Article134 2007-04-30 3 MARKETS Week Chge STI 3398.60 +37.93 KLCOMP 1324.77 +9.40 NIKKEI 225 *****.41 -52.21 HANG SENG *****.50 -40.09 SET INDEX 695.11 +7.58 JAKARTA COMP ...2019.68 +50.95 MANILA COMP ....3318.38 +63.62 TAIPEI TAIEX 7949.42 +6.75 SEOUL COMP 1542.52 +9.44 SHENZHEN B 592.54 +33.83 AUSTALLORD 6141.00 -46.20 DOW JONES *****.94 ...+158.96134 words
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Article504 2007-04-30 2 Western Union makes it a breeze for foreign workers SINGAPORE is not only the world's fourth largest foreign exchange trader but, with more than a million foreign workers, it is also one of Asia's most important sources of remittances to these workers' home countries. And for many of504 words
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Article, Illustration755 2007-04-30 3 CONRAD RAJ - Remittances of wages convenient with over 300,000 global locations By CONRAD RAJ [SINGAPORE] Singapore is not only the world's fourth largest foreign exchange trader but, with more than a million foreign workers, it is also one of Asia's most important sourcesFILE PHOTO - 755 words
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Advertisement50 2007-04-30 2 J FREE tN I ril I Surrtec Singapore International Convention and Exhtottion Centre U OPEN TO pi^gßßgsssrsr"^SMAßT seminars yyyMrv f'MPK3HPNKIPfyy-' IfrvCHSMyfl Media ftmws: Sponsor: ka ffffinn PROPER Property gowealthy-com QCIMB Th# Fry Group HH9HI HMI Prize Draw Sponsor: Wine Sponsor: International Newspaper Sponsor: Organizer ~?o,0 EBBB OubMedf jg. (g) 3C^^T50 words
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Advertisement642 2007-04-30 2 people Black belts wanted. Www th<>|loople.itwotk com Asia Pacific hxecutive Search :»ATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg AQUA-TERRA SUPPLY CO. LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****0108 D) DESPATCH OF OFFER INFORMATION STATEMENT RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE (THE "RIGHTS ISSUE") OF UP TO 117,000,000 NEW642 words
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Advertisement472 2007-04-30 2 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KHIA.NG GLAN WINE TRADERS (PRIVATE) LIMITED (Incorporated in the Republic of Singapore) (In Members' Voluntary Liquidation) Company Registration No. *****0191N FINAL MEETING NOTICE IS HEREBY GIVEN That pursuant to Section 308 of the Companies Act, Cap.472 words
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Page 3 Advertisements
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Advertisement35 2007-04-30 3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. RADIO 91.3FM HOT IPO35 words
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Advertisement85 2007-04-30 3 jLI >' -'V «sr r > 4 1 f vataumm l|H||Hl|^^^^^H ■H ■',> HHH HH HI iSM B U v^SlJl y^ Bv m Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from85 words
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COMPANY NEWS
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817 2007-04-30 4 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG UNITED Overseas Bank (UOB) has got a new CEO and it's quite clear nothing will radically change. That may actually i not be a bad thing for the bank at the present time. UOB announced817 words
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583 2007-04-30 7 CONRAD RAJ - Companies say move will enable them to leverage on combined networks By CONRAD RAJ AFTER days of speculation following the suspension of their stocks, mainboard listed consumer goods distributors JEL Corporation has confirmed that it is taking a strategic 17 per cent583 words
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Article, Illustration592 2007-04-30 4 ANGELA TAN - Move will make it easier to tap key Chinese market for IPO candidates By ANGELA TAN CHINA'S plans to allow foreign stock exchanges to set up representative offices in Beijing couldn't have come at a better time for the Singapore ExchangeREUTERS - 592 words
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Article, Illustration946 2007-04-30 7 JANICE HENG - It seeks to diversify product range and balance growth across segments By JANICE HENG CONTRACT manufacturer Hi-P International is optimistic about its prospects, expecting business to improve in 2007 after a weak performance in the past two years. "I think we have a clear idea946 words
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Page 4 Advertisements
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Advertisement1045 2007-04-30 4 £0 NOTICES BUY IT- SELL IT FIND 17 RhB+BANK RHB BANK BERHAD (Co. No 6171 -M) (Incorporated in Malaysia) BOARD OF DIRECTORS The directors of the Bank who have held office since the date of the last report are: Datuk Azlan Zainol (Non-Executive Chairman) Prof Balachandran A. Shanmugam Dato Abdullah1,045 words
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Advertisement31 2007-04-30 4 Name: (Mr Ms Dr) Company: Telephone: (O) (Hp) Email: PMHlaBSpi OWN OFFICI SPACEi IN RAFFLES PLACE! Y Raffles Place h II b k d Plll^ Own the entire oo o 8,030s31 words
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Advertisement220 2007-04-30 5 L isco S 10ni Summit iM 'i" -1 i -v i j Ml 1 i l 'I i l l I' •i'ln i« i 11 < 1 1« 11< Uub -000 Awo.io tv s ,l 'f in"' ~i.„ Satisfaction Exuei'e've ..i i!i't i. ~i i. .in. AW Award 11 i'i■220 words
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Page 6 Advertisements
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Advertisement3069 2007-04-30 6 Joint Announcement by First Engineering Limited (Company Registration No.: *****4337 C) (Incorporated in the Republic of Singapore) and Affinity Precision (S) Pte. Ltd. (Company Registration No.: *****1697H) (Incorporated in the Republic of Singapore) Proposed Voluntary Delisting of First Engineering Limited 1. Introduction 5.4 Options Proposal. Details of the Options Proposal3,069 words
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Page 7 Advertisements
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Advertisement31 2007-04-30 7 v •A':,.. M I 3%&+\ '^caK>» VOX NOSTRA to our www.dpa.org.sg j j The move towards a truly global city calls out for universal and inclusive design in buildings and facilities.31 words
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SINGAPORE MARKETS
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Article2413 2007-04-30 8 *■>■■■« Ei Nate Pwi (dj %%> don BTeiecommtl F USO102TA 031% 004% 144% AAGvp y 1* 27-% Mr 144% *mmp > OlSD 044% ii-n> 244% AWHMgl S 450 044% 114% 244% ACE AU%ia mtacom F 41TA 14% 14% 24% Ac%n%a OJO »m 044% 174% *dm*U a MO 074%2,413 words
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Article, Illustration629 2007-04-30 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent TWO forces will tug at stock prices in this part of the world this week how markets react to slower-than-expec-ted US economic growth and higher-than-expected Chinese economic growth. The reaction to both has arguably not been629 words
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312 2007-04-30 8 AFP [HONG KONG] Major Asian currencies ended the week mostly lower against the dollar led by domestic interest rate concerns and continuing uncertainty over the US economy. Japanese yen: The yen see-sawed against the dollar in Tokyo in the past week, swayed by conflictingAFP - 312 words
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Article, Illustration1987 2007-04-30 8 Consensus No.of Forecast Mean Fifs recommendation esti- EPS PE target price Company name This wfc last mth mates (cents) (ratio) price Allco Commercial REIt 1.33 1.33 6 5.06 24.69 1.50 1.24 Allgreen Properties 2.78 2.78 9 7.04 25.58 1.54 1.79 Allied Technologies 2.50 2.50 2 1.30 10.77 0.141,987 words
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Article, Illustration1513 2007-04-30 9 TEH HOOI LING - TEH HOOI LING Senior Correspondent Reflecting a slowing momentum in the run-up of stock prices, three of our five portfolios declined last week. Hurt's the first time more portfolios fell in value rather than gained in the last five weeks. The two portfolios which managed1,513 words
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Article, Illustration1378 2007-04-30 9 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI THE trading by directors and substantial shareholders was low for the second straight week with only 26 firms recording 47 transactions based on filings on the Exchange from April 23 to 27. The figures were consistent with1,378 words
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VIEWS FROM THE TOP
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Article, Illustration2213 2007-04-30 10 THIS WEEK'S TOPIC How has the spike in office and housing rents affected business costs and competitiveness in your organisation and your industry? What can be done to moderate the impact on those adversely affected? Cause for concern Douglas H Miller Chairman, The American Chamber of Commerce2,213 words
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Page 10 Advertisements
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Advertisement17 2007-04-30 10 You Us Managing your wealth begins with a dialog. And continues with a dialog. Management You Us17 words
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Page 11 Advertisements
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Advertisement264 2007-04-30 11 as ~;>, i' Wm I- ll® 1 H I H truesuccess is about maintaining your Jead. |M [w j r m. -M Be. JM Hk HUSH J fpDtf 1 BPr BP^ Staying ahead is now even more effortless with the new GS 300. Its 245bhp, V6,3.0-litre dual WT-i, direct fuel264 words
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Page 12 Advertisements
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Advertisement329 2007-04-30 12 HI (>KO< JURONG ROCK CAVERN AJij\ ir| (l,i'/, f ,\< ilit j I Sn .it'", 1 I'i'.iti'iii Hf fJIJf SI fOH PRUPOSAI (PHI 1)1 l J UUAI II K.AIIOI) 'iIAU lo Manafji: Operate .trifl Maintain the .liiroriij Hock (.averii Moiaije I -w.ilit/ ,i! liimuhj U.l.wiil I Project ii'<: I»I")II() I329 words
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Page 13 Advertisements
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Advertisement237 2007-04-30 13 your business Towards Success With Way Fengshul 11 Way OnNet Group Clientele I tP"* A I Our top quality services include overseas llMv projects that range from MNCs to SMEs, such as developers, listed companies, country clubs, manufacturing, financial sectors, A Way OnNet Group Pte Ltd 149 Rochor Road #02-11237 words
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DINING OUT
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Article, Illustration609 2007-04-30 14 Geoffrey Eu - Italian eatery Bonta is certainly worth a visit, but it needs to inject a culinary pizzazz if it intends to stand out from the crowd By Geoffrey Eu NEW RESTAURANT Bonta 297 River Valley Road, #81-81 (IE Square River Wing Tet €333-8875 IF at first609 words
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Page 14 Advertisements
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Advertisement640 2007-04-30 14 D-O-M V S the I t.i I i<i n C l-(cs t<i u r<i nt fpi* a i"* I f' Ecco il nuovo DOMVS! Presenting the brand new DOMVS Get ready to savour Chef Lino's inimitable Italian cuisine ser\ ed v. ith Sic ikin si.-.'U Accompanied by an extensive array640 words
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Advertisement20 2007-04-30 14 -JtmKr? it-', LX\ m \x i a' B\ I M 1 M ksss&K^^^V'«r ■IP 1 K ""'juroSSttT^ 8 SPHmagazxnes «Ol.»l»«»20 words
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Advertisement30 2007-04-30 14 Sfe' I B a 0" S *v|i at aA K B YOUR CHOICE INFOTAINMENT STATION Radio 100.3 is managed by SPH Union works, a subsidiary of flv Singapore Press Holdings30 words
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SINGAPORE NEWS
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588 2007-04-30 15 RONNIE LIM - Industry players raise this, other such issues in book By RONNIE LIM GIVEN the importance of energy, shouldn't there be an agency specifically tasked to handle energy issues in Singapore? This is one of the many pertinent issues raised in a just-published book Energy588 words
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Article, Illustration560 2007-04-30 15 SIOW LI SEN - It wins 90% of mandates from Asian corporates to handle transactions By SIOW LI SEN MANAGING cash in Asia is a booming business and Citigroup, with its extensive global network, has been winning mandates from large multinationals, financial institutions to small560 words
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Page 15 Advertisements
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Advertisement122 2007-04-30 15 Fares shown are per person for a round trip on Business Class. Promotion Period from 27th April to 15th May 2007. Ticket must be issued within 7 days upon confirmation of booking or by 15th May 2007, whichever is earlier. Travel Period is from Ist May to 30th September 2007.122 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration691 2007-04-30 16 CHEN HUIFEN - CHEN HUIFEN has some tips on how to save for that rainy day CHEN HUIFEN WHETHER you are an undergraduate student or a young adult Just entering the workforce, chances are, you're unlikely to have much disposable income to partake in the recent stock691 words
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Article, Illustration1095 2007-04-30 16 TETTYANA JASLI - CAMPUS LIFE MBA students help raise the profile of NUS Business School by organising a conference, TETTYANA JASLI reports TETTYANA JASLI ALL four graduate business students who recently helped Singapore's NUS Business School make history are international students. Both Prajit Prakash and Vineet Agarwal are from India whileYEN MENG JIIN - 1,095 words
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Page 16 Advertisements
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Advertisement252 2007-04-30 16 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT -Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we252 words
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ECONOMY WATCH
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Article, Illustration409 2007-04-30 17 Reuters (WASHINGTON] There is the potential for a downturn in the US economy that could have ripple effects around the world, San Francisco Federal Reserve President Janet Yellen said on Saturday. The US economy grew modestly in the first quarter butReuters - 409 words
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540 2007-04-30 17 AFP [NEW DELHI] India's gross domestic product has topped the trillion-dollar mark and corporate profits are at record highs, but concerns are surfacing that the economic party is in trouble. Last week, global ratings agency Moody's warned that India was showing classicAFP - 540 words
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554 2007-04-30 17 Rate raised to 11% from May 15 in bid to cut funds fuelling investment boom Bloomberg AP [BEIJING] China yesterday ordered banks to set aside more money as reserves, reducing the amount available for lending in a new effort to cool an investment boomBloomberg; AP - 554 words
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Page 17 Advertisements
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Advertisement241 2007-04-30 17 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 staff241 words
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Page 18 Advertisements
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Advertisement3006 2007-04-30 18 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) 1 important Statement of Chanses in Eouitv Bank The financial information as set out below contain only a summary of the information extracted from the audited financial statements of Oversea-Chinese Banking M" Corporation Limited and the audited3,006 words
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MALAYSIA/INDONESIA
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Article, Illustration516 2007-04-30 19 S JAYASANKARAN - MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent IT WOULD seem that national carmaker Proton Holdings needs a good public relations firm to handle its affairs. I mean, what would the average German think about all the statements being made by Malaysian officials on516 words
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191 2007-04-30 19 [KUALA LUMPUR] Permodalan Nasional Bhd, Malaysia's biggest state asset manager, plans to pay RM493 million (*****.6 million) to take property group Petaling Garden Bhd private, three days after making an offer for another developer. Permodalan, which owns 49 per cent of Petaling Garden,191 words
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487 2007-04-30 19 Not all ministers accused of incompetence, graft likely to go AFP [JAKARTA] A government reshuffle to be announced by Indonesia's president is unlikely to remove all ministers accused of incompetence and corruption, analysts said. President Susilo Bambang Yudhoyono has come under pressureAFP - 487 words
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286 2007-04-30 19 AP [KUALA LUMPUR] Malaysia's Zelan Holdings is bidding for another RM2 billion (SsBBB million) power plant project in Indonesia as well as one in Botswana in southern Africa, a report said yesterday. In February, a Zelan-led consortium won a RM2.12 billion project toAP - 286 words
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Page 19 Advertisements
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Advertisement10 2007-04-30 19 Lianhe Zaobao ICentrepoiij r>m 1 China jyr«Fjfcß I SCORE CARD10 words
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Advertisement15 2007-04-30 19 y| Radio 91.3 is managed by SPH Unionworks, a subsidiary of SiV Singapore Press Holdings15 words
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Advertisement1127 2007-04-30 19 >ATc J NOTICES Toll free 1800-289-8822 Email: notices com.sg j Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) 5. Dividends 2006 200s $'000 $'000 Dividends paid during the financial year were as follows: Class E preference dividends of 4.5 per cent per annum (net of1,127 words
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MIDDLE EAST
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498 2007-04-30 20 AFP [MANAMA] Bahrain's tourism industry, which has long thrived on visitors from its "dry" neighbours in the Gulf, faces a tough challenge with the introduction of curbs on alcohol and nightclubs. For now, the 2 7-km causeway linking the archipelago to easternAFP - 498 words
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259 2007-04-30 20 Reuters [SINGAPORE] Dubai International Financial Centre (DIFC), which owns Dubai's international exchange, is keen to take a stake in an Asian stock exchange as global exchanges merge. Omar bin Sulaiman, governor of the emirate's financial services investment zone, told Reuters onReuters - 259 words
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Article, Illustration584 2007-04-30 20 It's stocking up on rare masterpieces and developing a series of museums AFP [DOHA] Oil and gas-rich Qatar which is poor in archaeological sites is vying to create a cultural scene by building museums and acquiring precious masterpieces. "We haveAFP - 584 words
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Page 20 Advertisements
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Advertisement1684 2007-04-30 20 [*AT3 MOTICFS X J i j 1. Toll free: 1800-289-8822 Email: notices^sph.com.sg BUY IT- SELL IT FIND IT BANK OF SINGAPORE LIMITED (Incorporated in Singapore. Registration Number: *****0071R) Selected Notes to the Financial Statements for the financial year ended 31 December 2006 1. General Bank of Singapore Limited ("the Bank")1,684 words
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INDIA
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361 2007-04-30 21 AFP [NEW DELHI] India will make a pitch for the 2020 Olympics after deciding not to bid for the 2016 Games, a top sports official said on Saturday. "We will start our (bid) preparations as soon as the 2010 Commonwealth GamesAFP - 361 words
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218 2007-04-30 21 Revenue hits 4.7t rupees on record economic growth Bloomberg [NEW DELHI] India collected 4.7 trillion rupees (Ssl7s billion) in total tax revenue in the fiscal year ended March 31, beating Budget estimates, because record economic growth led to higher collections. The taxes wereBloomberg - 218 words
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Article276 2007-04-30 21 Bloomberg [NEW DELHI] India's market regulator banned some brokers and traders from trading on the first day of a stock listing for manipulating initial public offerings including Mind Tree Consulting Ltd. The traders placed unusually large orders below the market price for shares ofBloomberg - 276 words
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Article, Illustration772 2007-04-30 21 The issue, to be the largest by an Indian company, may take place in June Bloomberg [MUMßAl] ICICI Bank, India's biggest bank by market value, plans to raise 200 billion rupees (557.43 billion) in India and the United States, in the largest shareBloomberg; BLOOMBERG - 772 words
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Page 21 Advertisements
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Advertisement41 2007-04-30 21 J6416 0980 I World of Exclusive Privileges Treats Diners Club t jS Fig Olive at All outlets, Tel: 6336 4409 10% off total bill with a min. spending of $50 Only when you charge to your Diners Club Card. T&C Apply.41 words
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Advertisement23 2007-04-30 21 M H H H h la Gato Negro Best Buy Wine Knthusiast Imported by /_<' I u/iu' .}<) I lolhmd (irove Kd. lei: (kjOlm m).23 words
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Advertisement380 2007-04-30 21 I SCHOOL of BUSINESS GL^HEX I Proudly introduce these INTENSIVE PRACTITIONER PROGRAMME 1: INTENSIVE PRACTITIONER PROGRAMME 3: IMPLEMENTATION FRAMEWORK FOR ISLAMIC FINANCIAL INSTRUMENTSSETTING UP A TAKAFUL WINDOW EQUITIES. UNIT TRUSTS AND BONDS The course aims to provide the participants with an The course aims to provide participants with a basic380 words
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GREATER CHINA
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177 2007-04-30 22 AFP [BEIJING] The vast majority of listed companies in China saw their profits more than double in the first three months of the year, state media reported yesterday. Of the 1,028 Chinese listed companies that have filed quarterly fiscal statements so far, 941 have reportedAFP - 177 words
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Article2852 2007-04-30 22 Transaction date: Apr 27 For a full listing of the dosing prices, log on to BT Online at http://business-times.asia1 .com.sg after 11.30pm every trading day HONG KONG vol HKS 000 Aeon Credit .6.95 0.19 1572 Aeon Stores 9.60 0.20 112 Angang Steel 15.60 -0.06 3408 Anhui Conch ....31.502,852 words
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470 2007-04-30 22 Bloomberg [BEIJING] Zhang Xiao is on the lookout for police, his head swivelling from side to side as he stands in an underground walkway to Tiananmen Square hawking counterfeit Olympic pins and key rings from a bulging plastic bag. "It's getting tighter andBloomberg - 470 words
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297 2007-04-30 22 Reuters [BEIJING] China announced yesterday it will let Taiwan invest in wholly owned shipping and container transport firms and operate ports and highways, in Beijing's latest attempt to woo the island with economic sweeteners. The unilateral announcement by Vice-Com-munications Minister Xu Zuyuan atReuters - 297 words
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288 2007-04-30 22 AFP [BEIJING] A soaring stock market has led to recordlow interest among Chinese savers for putting their money in bank accounts, state media reported yesterday. A new central bank survey showed that an all-time high of 30.7 per cent of the publicAFP - 288 words
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Article, Illustration618 2007-04-30 22 But it says such an institution may raise new complications Reuters [BEIJING] China may set up an energy ministry under a new energy law as Beijing seeks to boost efficiency and tighten control over booming demand growth, the deputy head of the International EnergyReuters; AP - 618 words
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WORLD
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788 2007-04-30 23 ANDREW MARKS - Many firms post robust profits and their margins are beating consensus estimates WALL STREET INSIGHT By ANDREW MARKS in New York AFTER a week that saw the Dow Jones Industrial Average trade finish above 13,000, for the first time, Wall Street788 words
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Article, Illustration342 2007-04-30 23 COO Randall Stephenson to replace him AP [ATLANTA] Ed Whitacre, who reshaped a small, regional telephone company into today's giant AT&T, plans to retire on June 3. Mr Whitacre capped his 44-year career in December with a deal that gave AT&T controlAP - 342 words
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446 2007-04-30 23 AP [LONDON] Britain's competition and media watchdogs recommended on Friday that a full inquiry be held into British Sky Broadcasting pic's controversial purchase of a significant stake in commercial broadcaster ITV pic. The British government had called for the preliminary reports intoAP - 446 words
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293 2007-04-30 23 Bloomberg [NEW YORK] General Motors Corp, the largest US automaker, said chief executive officer Rick Wagoner's total compensation for last year was US$lO.2 million, as the company narrowed its loss. Pay for Mr Wagoner, 54, included US$l.2B million in salary, U*****,566 in otherBloomberg - 293 words
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428 2007-04-30 23 UN climate talks in Bangkok likely to focus on this issue AP [BANGKOK] The costs of cutting greenhouse gases and who will pay for doing it are likely to be the key issues at a major UN-backed climate change meeting of scientistsAP - 428 words
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Article, Illustration651 2007-04-30 23 Reuters [AMSTERDAM] A Dutch court is deliberating whether ABN AMRO can go ahead with the sale of US unit LaSalle to Bank of America, with a decision due this week that could derail a proposed 65 billion euro (Ssl3sReuters - 651 words
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Page 23 Advertisements
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Advertisement143 2007-04-30 23 Speaker CP Chong <ca(M). cpa(S), fcca<uk),acma(uk)>cis(uk).atii(M), cfp(m> He has more than 20 years of consulting experience and served more than 1000 foreign investors from more than 20 countries to set up the projects in the Iskandar Region. He has established 8 Professional offices within Iskandar Region. Investment Policy Regulations# Investment143 words
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SHIPPING/AVIATION
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Article, Illustration706 2007-04-30 24 DONALD URQUHART - Shipping lines against shifting containerised cargo to Tanjung Pelepas By DONALD URQUHART [SINGAPORE] Container shipping lines calling at Malaysia's Johor Port have voiced their opposition to a proposal to shift all containerised cargo to its sister Port of Tanjung Pelepas (PTP). The parentFILE PHOTO - 706 words
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373 2007-04-30 24 AFP [SYDNEY] A proposed ASll.l billion (Ssl4 billion) takeover bid for Australian airline Qantas was too low and failed to take into account recently improved market conditions, a key investor said yesterday. Balanced Equity Management. which holds about 4 per cent ofAFP - 373 words
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264 2007-04-30 24 Reuters [NEW YORK] Growing pressure on the US government to enforce rules prohibiting overseas upgrading and rebuilding of US ships may start deterring shipowners from skirting the law and having the work done in Asia, industry sources said on Friday. The US shippingReuters - 264 words
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436 2007-04-30 24 Reuters [WASHINGTON] US airports planning to accommodate the Airbus A3BO expect restrictions for other aircraft operating near the superjumbo that could increase ground delays for some flights, congressional researchers said on Friday. The General Accountability Office study shows policymakers, airport operators andReuters - 436 words
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Article790 2007-04-30 24 an nit m mw itb AbaMuU ***** 1250 r m i| g mm —505« oi« J ***** OtbugMai 4 1346 TftlM «S$ rnirw^i m i w B -jm u mm ColowtD |740 T<3i| 0050 m s® m taww rW MSM WOS JBB ma MM* «A0 SOOTTUSB790 words
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Article540 2007-04-30 24 STRAITS TIMES INDEX STOCKS SlodMM Wt data CHtag* StodmM m Om Omi|I S4**m» *1 OM a l |l Allow 034 1/90 0010 J5H 132 13.300 *0 100 STEnqg 154 3540 0 1(0 Ascendasrwi 096 Z6S0 -OjOIO JanJmeC*C 065 13.000 -0 100 STAT5CHP 1.11 1870 -0011) CaprtaComm 057 2810 .0.060 JurongTech540 words
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Page 24 Miscellaneous
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Miscellaneous199 2007-04-30 24 CRYPTIC CROSSWORD 18 Sofa would allow one to have I a sleep in church! (6) problem (3,2,5) 28 Try in international game (4) 29 Do material specially -if gar- someone from Middle East (7) YESTERDAY'S SOLUTION ment s this (6-4), 8 Composer t0 drjve men potty Across: 1 Broadside, 9199 words
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Article11865 2007-04-30 25 SGX MAINBOARD Week ended: Apr 27 52 WV Id Last Vol Week UstQuote On GrYtd Net MCaa High low Code Company Sale *1- COOP) High Low Buyer Satar Cvr WE S«Ji 35 2 5716 1st Software 2 susp 81 15 6 3148 STelecom 14cd *1.5 2S271 15 1211,865 words
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Advertisement22 2007-04-30 25 Welcome to C\r "til l• FD ti 1 j ji MclkP Oil' Oil-. it' 1 t',l i»- t' >*" i Cit\ Asia CITV22 words
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Article7175 2007-04-30 26 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy %yr Apr 27 Index Change Change Change Change Change Change World Index Preliminary 1159.3 -0.4 5.3 0.0 5.5 -0.2 6.7 EAFE Preliminary 1165.8 -0.6 5.3 -0.1 6.5 -03 7.7 Europe Preliminary7,175 words
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Advertisement1214 2007-04-30 27 UK CONTINENT SERVICE U.IA SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination 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 OTHER1,214 words
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Advertisement679 2007-04-30 27 [BfTtASIA HOBO SWVICI VBSR/VOT RAMfgT) WGHIW IHG KH UJ S* J" STUTOYttTUREI 1$ 4J 06/05 01/05 SnUUTS VENTURE 2 IS 4J 13/05 17/05 20/05 22/05 [AUSTRALIAN RORO SWVKJ I vßsa/vor nwracn 1 mcwrcg 10 5m m stp m ux m positive uader/ow ioo To oi-oiam 22-22/04 24-24/04 2*27/04 2121/04 03-03/05679 words
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Advertisement1562 2007-04-30 28 WAN HAI INTERNATIONAL PIE LTD at NOt **********0/ I V-T.A TEL *****588 (MUNIS) FK*****163 \\\M WAN HAI I INFx Cwl««irSarvkt/lookhgsDfreclLta>• (1800)*****200 V TTflli MM hi II hi# nai&miMMMNUkininmairwnLMziumNUbMiiMw* V JOHTH: (07) *****23 FAJfc (07)*****215U1 IB: (031) *****7S MX: (031) 32VZ714/ *****0S www wnnhai cam in *T1H:|02I) *****88NUL1021) *****88 PU811:7163M/*****1 NUL7IU7V1,562 words
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Advertisement1309 2007-04-30 28 |-|T\ EASTERN CAR LINER, LTD |y I SPEQAUZt IW RORO ft HEAVY UmifTO4SOTOHS I llimmmflßWßßß voy" »—pm uwMnro |Mi|ra|ni|iT|m|ia mm M li B JML-OZZ6S ii/ds MEXUONAQ 37 30 04/05 W/DS "oiiaTilis R B R WItTE ***** w r— mmm m n/» w» I CotAl H«0 I 77 I 50 I1,309 words
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Advertisement648 2007-04-30 28 m ssa&a* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «ssa yoy sim pnAWG coiomm m.sheva |colomm~ MUttOU HII2K 2iiCt Ziitt ZUEt mm mm KB! mm am fiiiii siasi "may ts\kruum ypwot? out Imm i2may I umay 2qmay ALSO ACOPTMG KL TO COCMN, TVnCORM I648 words
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THE BUSINESS TIMES SHIPPING TIMES
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6189 2007-04-30 29 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Mwwbu To ABIDJAN (ABi) 2003 Cote D'lvoire 07/05 16/06 Delmas NALA DELMAS 719W *****344 IS/05 19/06 Delmas VERONIQUE DELMAS 720W *****344 22/05 26/06 Delmas DELMAS CAMEROUN 721W *****344 To ABU DHABI (AUH)6,189 words
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Advertisement503 2007-04-30 29 I VESSEL VOY PKL SIN KHI DXB BAB DMM BIK KHO IRAN BAABAEI PCLBI96 29/04 30/04 09/05 12/05 13/05 19/05 21/05 23/05 IRAN SATTARI PCLBI97 06/05 07/05 16/05 19/05 20/05 26/05 26/05 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 BND503 words
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Advertisement493 2007-04-30 29 -Ss* Twfjj 6T76S Sffe fuMm un M7OS M7OS PMUNM IWW ***** ***** PMMffIUI W7 W755 TT755 AUttUVAI TBI 5576? 6575? "Wn«TW Wfl T1755 ***** WUIM IWM 547*5 64/65 MffflUl WW WO5 K/05 TTCTORT FWHW W7H 6T755 "M&u 5H5 ***** 6176? 111 111 aP BgMIIBIgJ Vissa VOY SW SIT SM I493 words
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Advertisement344 2007-04-30 29 fpt GLORY NAVIGATION GROUPI I SMCf 1970 I I OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: a IKAOHSIUNG A CHINESE PORTS, HONG KONG TO* FROM I SOUTHEAST ASIA SMGAPORf HUP WOO* SMPPMG (S) Pit344 words
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BizIT
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Article526 2007-04-30 31 WINSTON CHAI - Only four groups expected to vie for $1.5b tender, due in June By WINSTON CHAI DESPITE opening the door to more vendors, the short turnaround time and a year-long headstart for existing contenders means the government's $1.5 billion SOE (Standard Operating Environment) contract will526 words
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Article754 2007-04-30 31 PETER CHAI - <you say> By PETER CHAI IT doesn't make sense for a foreign company to manufacture in China. This bit of well-intentioned "counsel" has been dispensed so often that if you haven't yet heard it, you're probably in the minority. The refrain goes like this: Yes,754 words
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Article, Illustration523 2007-04-30 31 LAT What doll has a tiny waist, ample bosom, lots of clothes and ear buds, an MP3 player and 512 megabytes of memory? An Internet Barbie, launched on Thursday in New York to join the ranks of "American Idol" Barbie, Astronaut Barbie, Malibu Barbie and hundredsLAT; REUTERS - 523 words
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Article, Illustration244 2007-04-30 31 WINSTON CHAI - By WINSTON CHAI OPTUS' chief information officer (CIO) Ng Soo Kee will return to parent company Sing Tel to helm its technology operations in Singapore. According to industry sources, SingTel's Australian unit has embarked on the hunt for a new IT chief244 words
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Article277 2007-04-30 31 WINSTON CHAI - <what's up> Compiled by WINSTON CHAI Healthcare tech conference in May THE Healthcare Information and Management Systems Society (HIMSS) will hold a regional conference on healthcare technology at the Raffles City Convention Centre from May 15-18. Held in the Asia-Pacific region for the first time, HIMSS AsiaPaco7 is expected to277 words
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Article, Illustration999 2007-04-30 32 AMIT ROY CHOUDHURY - Cheap deals at March IT show boost figures, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WITH a lot more people buying computers in Singapore during the first quarter of this year, sales of personal computers (PCs) during the period were up999 words
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Article, Illustration451 2007-04-30 32 ROLAND LIM - It expects to double revenues this year By ROLAND LIM JUST like its Nanoboy character who takes on the world, local digital animation house Scrawl Studios is showing that small local animation firms can play on the world stage. The 25-strong studio which specialises451 words
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Article, Illustration659 2007-04-30 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY VERIZON Business, one of the three operating units of Verizon Communications Inc» is looking to ramp up business in the Asia Pacific region. For this purpose, it plans a 10-20 per cent increase in head count in659 words
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Article, Illustration454 2007-04-30 32 WINSTON CHAI - <what's new> Compiled by WINSTON CHAI Sharper videos with new Creative webcam CREATIVE Technology has launched the Live! Cam Optia AF (above), claimed to be one of the world's first Web cameras to offer auto focus technology. It comes with a two-megapixel CMOS sensor that is capable of capturing high-quality454 words
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Advertisement202 2007-04-30 31 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ZURICH CAPITAL MARKETS SINGAPORE PTE. LIMITED (IN MEMBERS' VOLUNTARY UQUIDATION) CO. REG. NO. *****6569K NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members202 words
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Advertisement1088 2007-04-30 31 NOTICES LERENO 810-CHEM LTD. (Incorporated in the Republic of Singapore) Registration No: *****1961 C CHANGE OF SHARE REGISTRAR AND WARRANT AGENT The Board of Directors of Lereno Bio-Chem Ltd. (the "Company") wishes to announce that KCK Corp Serve Pte. Ltd. has been appointed as the Company's Share Registrar and Warrant1,088 words
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Advertisement901 2007-04-30 31 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF TUNG KANG INTERNATIONAL CORPORATION PTE LTD Company Reg. No. *****8215H (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 6 Floor 9 Chang An901 words
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Advertisement8 2007-04-30 32 YOU SAY Make it in China now PG3I8 words
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