The Business Times, 3 May 2007
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2007-05-03
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The Business Times
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Title Section21 2007-05-03 1 The Business Times SlNGA^Rt^n^ s online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION Thursday, May 3,2007 MICA (P) 202/12/200621 words
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Article, Illustration757 2007-05-03 1 TEH HOOI LING - Former 'Remisier King' Peter Lim subscribing to one billion new shares for $150m cash By TEH HOOI LING [SINGAPORE] In one of Singapore's biggest reverse takeover deals, investment company Rowsley said yesterday it will acquire Chinabased solar energy products manufacturer Perfect Field Investment757 words
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Article17 2007-05-03 1 STI 3,417.81 (+56.52) ST INDEX FUTURES 3,400.00 (+57.00) SIMSCI 420.12 (+7.39) SIMSa FUTURES 418.20 (+7.40)17 words
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520 2007-05-03 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] Singapore Exchange (SGX) chairman J Y Pillay said yesterday that if it was up to him, the exchange's next chief executive would be a carbon copy of the currcnt CEO,520 words
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Page 1 Advertisements
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Advertisement9 2007-05-03 1 COMPANIES Air India, SATS ink second deal PAGE 79 words
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Advertisement26 2007-05-03 1 mm REDEVELOPMENT SPC petrol station on TcppC L-Zpf Market St closes PAGE 4 EN BLOC SALE Sing Land buys Himiko Court for $821 psfppr PAGE 3226 words
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Advertisement63 2007-05-03 1 BizfT W r Hjfri aa n j-, r>. Jfc. j~u /\/v«% .J-_L /v/J More u poreaus codcbitiGu about identity theft PAGE 27 H account for SMEs PAGE 10 BID FOR DOW JONES Controlling shareholders rebuff offer page 2 What's behind Murdoch's 'insanely high' US$6O-a-share offer page 20 "V!_!l_rtV_ r "'V'!63 words
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TOP STORIES
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Article, Illustration817 2007-05-03 2 Names of other possible bidders floated on Wall Street BID FOR DOW JONES [NEW YORK] Rupert Murdoch's surprise US$5 billion bid for Dow Jones Co, publisher of The Wall Street Journal, faces tough work after the company's controlling shareholders rebuffed the offer on late Tuesday.AFP - 817 words
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Article, Illustration306 2007-05-03 4 BENITA AW YEONG - By BENITA AW YEONG [SINGAPORE] The service station that served the Central Business District corporate crowd in Market Street near Golden Shoe Carpark shut down yesterday after more than 20 years. The station, which started operating in the 1980s, was runARTHUR LEE - 306 words
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Article400 2007-05-03 2 NUS sets up research centre for quantum science THE National University of Singapore is setting up the Research Centre of Excellence in Quantum Information Science and Technology. The centre will receive $150 million of a five-year, $7 50 million budget to fund such centres from the National Research400 words
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541 2007-05-03 4 MATTHEW PHAN - Facility to deal in fundamental research with economic focus By MATTHEW PHAN [SINGAPORE] With microprocessors getting smaller and faster every year, today's top producers are already harnessing nanotechnology to make even tinier units. And beyond nano at the level of atoms and541 words
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Article, Illustration616 2007-05-03 4 DANIEL BUENAS - Rapid increase in work volume cited as main factor By DANIEL BUENAS [SINGAPORE] More Singapore firms are expecting to hire more staff in the second quarter of this year compared with this time last year, even as stress levelsSource The Hudson Report – Singapore, 02 2007 - 616 words
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Page 2 Advertisements
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Advertisement29 2007-05-03 2 people Roaming Asia-Pacific. Rl MlBl^LM^nlH^!iM»te^[B)J MeciaPartrx*s: Spcscx: Pnzo Oaw A mtonatona; Nc-spaper Spooso,: Org*™ jgjgjjß PMPtR©- ■U'.1.M1.1 QCIMB H nwFty Group M _.X ClUbMot,t S" 11 J| 1111 3CZZZZZ.29 words
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Page 3 Advertisements
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Advertisement6 2007-05-03 3 Shanghaihasmore skyscrapersthanNewYork. Makesureyourpackage getstotherightone. TrusttheFecEx teaminChina.6 words
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Advertisement4 2007-05-03 3 www.fedex.com/sg Welivetodeliver. F6CEx« Express4 words
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Page 4 Advertisements
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Advertisement135 2007-05-03 4 P&S& ■jL. $h 'aH^HßinK.' ij J' '■'/&y 'J%'?3 b' v v A* 'H >, /i? v V ill ?c>jiTt!nimihttßtw4»l U ~'.> < Flight Schedule is subject to change Terms Condition!: Fares shown are per person for a round trip. Promotion Period from 25th April to 23rd May 2007. Ticket must135 words
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Advertisement483 2007-05-03 5 CELEBRATING THE OPENING OF SEMBAWANG SHIPYARD PTE LTD V* Ji* VC v W Hfef 1 i*** »*'V rT v -jT *l> *15 7 (?-> y'i\ *t 1 V :i -<- '<$'? v| la| SEMBAWANG We are pleased to announce the official opening of our West Yard today by Mr. Jan483 words
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COMPANY NEWS
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595 2007-05-03 6 ROLAND LIM - HOCK LOCK SIEW By ROLAND LIM THE tune heard from Creative Technology yesterday continued to be a depressing one, as it reported a worse-than-expected set of results. In January, Craig McHugh, president of Creative Labs Inc, had given a more595 words
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649 2007-05-03 6 CONRAD RAJ - By CONRAD RAJ INVESTORS who may have been shocked to find Keppel Corporation shares plunging by more than half in trading yesterday need not fear. The Temaseklinked company had merely split its stock in two to bring the price649 words
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704 2007-05-03 6 MATTHEW PHAN - By MATTHEW PHAN SINGAPORE Technologies Engineering (ST Engg) posted a 23 per cent rise in first-quarter net profits to $108.8 million, with strong contributions from its aerospace, land systems and electronics divisions. All sectors saw higher turnover. Revenue rose704 words
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425 2007-05-03 7 MATTHEW PHAN - By MATTHEW PHAN AN INDEPENDENT review taskforce set up to look into poor disclosure at Chinese water specialist Bio-Treat Technology found "no material breach" in internal controls but observed "weaknesses" in governance and communications, according to the firm. It also said an inquiry committee set425 words
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370 2007-05-03 7 VEN SREENIVASAN - Tie-up to provide ground handling services at new Bangalore Airport By VEN SREENIVASAN AIR India and and listedSingapore Airport Terminal Services (SATS) yesterday signed a joint venture agreement to provide ground handling services at the upcoming Bangalore International Airport at Devanahalli, Bangalore. This370 words
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453 2007-05-03 7 JANICE HENG - By JANICE HENG AMTEK Engineering yesterday reported a 36 per cent year-on-year rise in net profit to US$5.6 million for its third quarter ended March 31, 2007. Nine-month earnings came to US$2l.7 million, up 33 per cent from the previous corresponding period453 words
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399 2007-05-03 6 Bloomberg CREATIVE Technology Ltd, whose music players compete with Apple Inc's iPods, reported its fourth loss in five quarters after the company said it missed sales estimates in the US and Asia. The net loss narrowed to U5523.6 million in the fiscal thirdBloomberg - 399 words
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451 2007-05-03 6 DONALD URQUHART - SembMarine Q1 profit up 81 gets US$355m job By DONALD URQUHART CONTINUING to enjoy a voracious rigbuilding demand, Jurong Shipyard has clinched a U*****.5 million contract for an ultra-deep-water semi-submers-ible drilling rig as parent SembCorp Marine posts an 81 per cent rise in net profit for the first quarter 2007.451 words
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Page 6 Advertisements
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Advertisement158 2007-05-03 6 ■n The global name in CFDs 1 CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. //:r\ onn ciio IGo long or short ofshares on margin, putting up a fraction ofthe full contract value!. t M Guaranteed market prices, and low commissions 24-hour dealing on158 words
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Page 7 Advertisements
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Advertisement210 2007-05-03 7 After three generations, II we're ready to give you a century. (At less than cost.) I see them at M www.hassanscarpets.com j A hundred handknotted carpets. A hundred is definitely the time. No wondering if it's a g handpicked carpets out of the thousands at deal, No outbidding others, no210 words
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SINGAPORE MARKETS
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Article, Illustration521 2007-05-03 8 TEH HOOI LING - STOCKS ST Index leaps by 56.5 points to its second highest close as banks and SingTel bounce back TEH HOOI LING Senior Correspondent THE Straits Times Index (STI) snapped its twosession loss convincingly with a jump of 56.52 points or 1.68 per cent to endSource Bloomberg - 521 words
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Article, Illustration925 2007-05-03 8 SECURITIES TRADING SCOREROARD MAIN SOQ TOTAL Ub Dow Ut> Ub Down IMdi Up Down Undi Multilnd 13 2 2 1 0 0 14 2 2 Manufacture 89 52 76 13 12 19 102 64 95 Commerce 34 18 29 8 8 5 42 26 34 TptfStor/Com 27 9 5 2925 words
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Article, Illustration904 2007-05-03 8 MATTHEW PHAN - Compiled by MATTHEW PHAN SembCorp Industries May 2 dose: 554.98 CIMB-GK RESEARCH. May 2 INITIATING coverage: SCI has taken clear steps to whittle its. previously unwieldy conglomerate structure down to the existing lean organisation. We opine that much of the restructuring is done and SCI looks set to steamSource: Bloomberg - 904 words
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Article, Illustration498 2007-05-03 8 CURRENCIES [TOKYO] The US dollar surged to a two-month high against the yen yesterday, extending gains in the wake of data that showed US manufacturing has been expanding at its fastest pace in almost a year. The Institute for Supply Management said its indexBLOOMBERG - 498 words
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COMPANY NEWS
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Article657 2007-05-03 9 Raffles City Bahrain Fund closed successfully at US$350 million. This is the company's twelfth private equity fund and its second syariah-compliant product, the first being ARC-CapitaLand Residences Japan. The combined equity committed for the two syariah-compliant products amounts to $698 million, and accounts for about 15 per cent657 words
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Article, Illustration865 2007-05-03 9 MICHELLE QUAH - Reports by MICHELLE QUAH SAVVY investment banker Hsieh Fu Hua was hired as chief executive of the Singapore Exchange (SGX) in March 2003 because the exchange felt he was the best man for the job at that stage of its development.865 words
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382 2007-05-03 9 BEFORE Hsieh Fu Hua, 57, joined the Singapore Exchange as CEO in 2003, the financial services veteran was the managing partner of boutique fund management company Prime Partners Asset Management. By then, he had had 29 years of experience in financial services, from stockbroking and382 words
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335 2007-05-03 9 Reuters TECHNOLOGY stocks such as United Test Assembly Centre (Utac), Chartered Semiconductor and Beyonics Technology could be takeover targets, DBS Vickers said in a report released yesterday. DBS said there has been a resurgence in tech buyouts, following Kohlberg Kravis Roberts Co's (KKR) US$664Reuters - 335 words
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327 2007-05-03 9 DANIEL BUENAS - By DANIEL BUENAS NOVENA Holdings yesterday announced that it has appointed Stirling Coleman Capital as financial adviser for the planned sale of its core furniture businesses to TT International. The company had earlier announced plans to sell several of its subsidiaries to327 words
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198 2007-05-03 9 AGM WATCH Reuters [HONG KONG] Star Cruises has won shareholders' approval to sell a 25 per cent stake in a casino project for a previously stated $255 million to sister firm Genting International. Star Cruises president David Chua told reporters after aReuters - 198 words
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563 2007-05-03 9 Stronger markets boost lending, and fee and commission income Reuters SINGAPORE'S three banks are expected to report higher first-quarter net profits after strong economic growth boosted lending and buoyant capital markets generated more fee and commission income. DBS Group Holdings, South-eastReuters - 563 words
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SINGAPORE NEWS
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Article, Illustration531 2007-05-03 10 CONRAD TAN - It's responding to demand from core business customers By CONRAD TAN SINGAPORE'S largest finance company Hong Leong Finance (HLF) yesterday launched a business current account which comes with a cheque book. HLF president lan MacDonald said the new service comes in response to strongPHOTOS BY ARTHUR LEE - 531 words
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259 2007-05-03 10 CHUANG PECK MING - By CHUANG PECK MING in Washington DC PRIME Minister Lee Hsien Loong arrived in the United States yesterday for a weeklong visit, during which he will have talks with President George W Bush and other government and private sector leaders.259 words
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218 2007-05-03 10 AFP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi will meet his Singapore counterpart Lee Hsien Loong this month to boost ties and tackle unsettled issues, reports said yesterday. The leaders will hold an informal one-day retreat on May 15 on Malaysia'sAFP - 218 words
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Article, Illustration378 2007-05-03 10 VINCENT WEE - By VINCENT WEE SINGAPORE is in an enviable position on the labour front, NTUC sec-retary-general and minister in the Prime Minister's Office Lim Swee Say said yesterday. At the opening of the Singapore HR Conference yesterday, he contrasted the imagesFILE PHOTO - 378 words
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263 2007-05-03 10 JANICE HENG - By JANICE HENG FRANCE'S Grenoble Graduate School of Business is offering its Masters in International Business programme in Singapore, through a partnership with the Management Development Institute of Singapore (MDIS). The programme which covers subjects such as international law, business negotiation, and intercultural business263 words
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232 2007-05-03 10 4 charities stripped of status, cannot 1 appeal for funds By CHRISTINE SIM THREE charities have been stripped of their status because of "serious irregularities and suspicious transactions", and will no longer be allowed to conduct any fund-raising appeals. This was announced yesterday by the Commissioner of Charities (COC). The232 words
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429 2007-05-03 10 LIN ZHAOWEI - Programme to encourage students to specialise in the wafer fab industry By LIN ZHAOWEI THE Economic Development Board (EDB) announced yesterday that it is investing $8 million in a new programme to encourage undergraduates here to specialise in wafer fabrication. Under its429 words
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Page 10 Advertisements
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Advertisement29 2007-05-03 10 *«*jyisJ3o4BS I, 5^068 1 BBSaiia Sit* HYANGTOGOL 9 fUf KOREA* A6«TMJ«AKT OREAN RESTAURANT II 165 Tanjong Pagar Road, Level i Amara HoteKSSiBJS SDSingapore *****9 ©6220 7160 11.30am-3pm, 6pm-10.30pm l29 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1217 2007-05-03 11 VINCENT WEE - The local food manufacturing industry is set to whet appetites across the globe with products that showcase our unique cuisine in an innovative way. VINCENT WEE reports VINCENT WEE FOR a food manufacturer, there can't be a better place to set up than1,217 words
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Article, Illustration648 2007-05-03 11 HOME-GROWN Chye Choon Foods started out as a small family business in the late *****. It has since grown into a well recognised diversified manufacturer and supplier of rice noodles and other staple foods. The company has a wide client base within the food648 words
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Page 11 Advertisements
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Advertisement171 2007-05-03 11 r Ready for Global Opportunities? Discover latest developments in Southeast Asia, China, India and the Middle East Handle recruitment and talent retention challenges across borders Gear up for export and overseas growth Build up firm-level capabilities Steer ahead for global growth at International Enterprise Forum 2007 (IE Forum 07). Present171 words
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Advertisement6 2007-05-03 11 ssassr THE BUSINESS TIMES VMGAPCmt Singapore6 words
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ECONOMY WATCH
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237 2007-05-03 12 AFP [BANGKOK] Thailand yesterday launched a 44 billion baht (Ss2 billion) loan package aimed at boosting its flagging economy. The loans, to be issued starting this month, are aimed at bolstering support for low-income earners, said Finance Minister Chalongphob Sussangkarn. Mr Chalongphob said: "TheAFP - 237 words
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Article7356 2007-05-03 12 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'porc) Star Europe Eqty 1 1.127/ Slat Europe Boa 1.2/ SarfMWtU 1.27V Stat Asian Tiger Eqty 1.371/ Star Asia Bold 1.324/ Stat Asia Balanced 1107/ Stat Global Technology Fund'" 0.218/ MuftStFd._ 0.977/ Star Asia Bore* USD) 0872/ GfcMutoStUSD... 1.171/ Asia Bond Fd A7,356 words
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Article, Illustration389 2007-05-03 12 Cost to rest of society far exceeds benefits to protected industry AP [WASHINGTON] A move to protect threatened American industries and workers from foreign competition would be a serious mistake that would jeopardise the sizable benefits of free trade. Federal Reserve chairman BenAP - 389 words
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Page 12 Advertisements
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Advertisement65 2007-05-03 12 Allianz Global Investors ij| FOR US, IT'S THE SILVERWARE IN afflr flf#. YOUR POCKET THAT MATTERS MOST. j I WEBM As a winner of Hie Standard Poor's 2007 Singapore Fund Awards, w© are naturally Jxfr-JLJsL VW delighted. But not surprised. We're renowned for producing consistent returns for our clients. FRANKLIN65 words
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MALAYSIA/INDONESIA
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346 2007-05-03 13 Expected 17.4m tonne output could surpass Malaysia as productivity increases Bloomberg [JAKARTA] Indonesia may produce a record 17.4 million tonnes of palm oil this year, surpassing Malaysia as the world's top grower, as higher yields and acreage offset the effect ofBloomberg - 346 words
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Article, Illustration367 2007-05-03 13 AFP [JAKARTA] Former Indonesian president Abdurrahman Wahid launched libel action against the nation's vice-president yesterday over claims the exleader sought a corrupt payment while in office, his lawyer said. Mr Abdurrahman filed criminal charges against Vice-President Jusuf Kalla for allegedly making theAFP - 367 words
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303 2007-05-03 13 It ships out 475 tonnes of refined tin to S'pore Reuters {SINGAPORE! Indonesian tin miner PT Koba Tin has resumed shipments from the producing island of Bangka, more than two months after it suspended delivery following the arrests of three company directors, industry sources saidReuters - 303 words
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310 2007-05-03 13 IPETALING JAYA] At least two banking groups CIMB Group and Kuwait Finance House (KFH) have big plans to exploit the virtually untapped Islamic banking and finance market in Australia, according to a report in Starßiz. Starßiz quoted sources as saying that the310 words
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Page 13 Advertisements
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Advertisement228 2007-05-03 13 ■9HI|R)HKnMMHVSVnHMII9M9VnW^^^H Capital Budgeting Restructuring For Financial Accounting Professionals 915 th 16 th May (Tue Wed) Prof Ken Bigel (Stern School of Business, NYU) Gain insights to the latest challenges, trends techniques on capital budgeting, capital raising, effective cost-of-capital, financial leveraging and refinancing to improve the financial health of your organizations228 words
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Advertisement69 2007-05-03 13 MICHELIN-STARRED MICHELIN-STARRED WSg| fl| jflH JHUK jH Hifc i > MMMMMMj^H |S fer jJgif Chef Roland Chanliaud Chef Laurent Peugeot from Jardin des Remparts, from Le Charlemagne, Beaune Pernand Vergelesses Chef Roland Chanliaud 2-8 May Chef Laurent Peugeot 14-19 May Domaine Thibault Liger Belair Wine Dinner 15-16 May Domaine des69 words
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GREATER CHINA/INDIA
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Article, Illustration78 2007-05-03 14 AFP [SHANGHAI] Poodles striking a pose in their canine best after an animal performance for the May Day holidays at the Shanghai Wild Animal park yesterday. The May Day holidays count as one of China's three big Golden Weeks, along with the Oct 1 NationalAFP - 78 words
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272 2007-05-03 14 Reuters [HONG KONG] CITIC Resources Holdings Ltd, in which Singapore investment agency Temasek Holdings has a roughly 7 per cent stake, will buy half of its parent's Kazakh oil assets for about US$95O million, as widely expected, to potentially become China's fourth-largestReuters - 272 words
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563 2007-05-03 14 US hopes to see 'closure' by end of May Reuters [WASHINGTON] The United States and India on Tuesday claimed extensive progress during two days of talks aimed at salvaging their landmark nuclear cooperation agreement and hoped to complete the deal soon, perhaps thisReuters - 563 words
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486 2007-05-03 14 Move aimed at preventing manipulation in equity futures [HONGKONG] China Financial Futures Exchange, which will operate the mainland's first equity index futures, has proposed slashing by 70 per cent the position limit on the product held by investors in a bid to better486 words
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Page 14 Advertisements
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Advertisement308 2007-05-03 14 Diners Club Card r„««,/,»«064i6o98o A World of Exclusive Privileges Treats Diners Club International 11 fi J -N^-Ot i3ma^u7 ~y* I J? I *7 C 12noo« 2.30 m iJOm-lOnt 11 MJUL/I I Enjoy Specially for May Aave a Mexican fiesta in three course set hatches. OLBI Mk. [I f Date; to308 words
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ASIA-PACIFIC/WORLD
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Article503 2007-05-03 15 Move comes after reports of manipulation of new standard Reuters [NEW YORK] The Financial Accounting Standards Board (FASB) could move to amend its new fair value rules, a board member warned on Tuesday after reports that some financial companies were trying to manipulate theReuters - 503 words
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510 2007-05-03 15 LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories rose more than forecast in March, reinforcing signs in the past week that business investment was on the mend going into the second quarter. Factory orders rose 3.1 per cent after increasing 1.4Bloomberg - 510 words
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426 2007-05-03 15 Shares slip as 20b kronor stake is offered for auction AP [STOCKHOLM] Sweden's government began its planned selloff of state assets yesterday, putting an 8 per cent stake in telecom operator TeliaSonera AB valued at about 20 billion kronor (554.5 billion) onAP - 426 words
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Article, Illustration368 2007-05-03 15 [LONDON] It's official: city life is getting faster. Using residents' walking speed as an indicator of the pace of life, British research published yesterday ranked Singapore, Copenhagen and Madrid as the world's most frenetic cities. The study found that globally, people'sREUTERS - 368 words
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352 2007-05-03 15 [SEOUL] South Korean tax authorities have conducted an audit of the local operations of US investment bank Goldman Sachs, the company said on Wednesday. Goldman said its South Korean business faced a "routine" tax audit. Media reports said the National Tax352 words
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324 2007-05-03 15 Firms set to lose protection as rights expire by 2016 Reuters [LONDON] The world's top drugmakers face the loss of US$l4O billion in annual sales by 2016 as key product patents expire and cheap generic versions of their blockbuster medicines hit the market, accordingReuters - 324 words
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AVIATION
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Article, Illustration545 2007-05-03 16 VEN SREENIVASAN - Nagpur Airport to be upgraded to meet anticipated traffic growth By VEN SREENIVASAN [SINGAPORE] Changi Airports International (CAI) has clinched a technical service agreement with the state government of Maharashtra, India, to develop the Multi-modal International Passenger and Cargo Hub Airport at Nagpur545 words
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569 2007-05-03 16 ANALYSIS Reuters [CHICAGO] The much-heralded airline recovery that took flight last year may have landed even before all the seat belts were fastened. Major US airlines mostly racked up profits through an unusually snowy winter, but a few carriers warned that theirReuters - 569 words
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114 2007-05-03 16 [SYDNEY! A consortium bidding for Australia's Qantas Airways said yesterday its voting power in the airline had increased to 17.6 per cent from 12.57 per cent previously. The consortium, which includes Macquarie Bank and private equity firm Texas Pacific Group, also114 words
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253 2007-05-03 16 Bernama [DUBAI] Malaysia Airlines (MAS) is mounting six additional flights, which will transit Dubai, in July and August to cater for an increased demand from West Asian tourists wanting to holiday in Malaysia. MAS regional vice-president for the Middle EastBernama - 253 words
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Article2335 2007-05-03 16 oty man «ta hjwit itp A*PfrW 5Q4;S5 12?0 SQ456 IjOg ABBS LH9771 1750 AFt068 2230 SQ268 1750 BA7382 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 0™ 1«2P SQW9 .~.r SQ530 J930 S55C LQ4031 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 *****2 23452,335 words
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Article, Illustration450 2007-05-03 16 Bloomberg [TOKYOI Japan Airlines Corp, Asia's biggest carrier by sales, said it had a fullyear loss in fiscal 2006 because it removed deferred tax assets from its balance sheet. Japan Air lost 16.2 billion yen (*****.7 million) in the 12 months ended MarchBloomberg; AFP - 450 words
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Page 16 Miscellaneous
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Miscellaneous178 2007-05-03 16 CRYPTIC CROSSWORD (9) Across: 1 Ensign, 4 Absolute, 9 1 Around six balls from fielding 15 insect found in common Vaults, 10 Emigrant, 12 Lots, 13 position (5) weed (8) Pride, 14 Lean, 17 Parthian shot, 20 2 Difficult split by sweetheart -|g Case of caviar, palatable, easy Drew to178 words
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SHIPPING
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537 2007-05-03 17 DONALD URQUHART - ReCAAP also reports drop in seriousness of attacks By DONALD URQUHART [SINGAPORE] The number of piracy incidents in Asia has fallen significantly compared with a year ago, according to the first quarterly report of the newly established ReCAAP antipiracy Information Sharing537 words
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Article189 2007-05-03 17 AP [HONG KONG] Hundreds of Chinese workers demanding overtime pay went on strike at one of the world's busiest ports, holding up thousands of shipping containers at the terminal in southern China, Hong Kong newspapers reported yesterday. Crane operators and truck drivers at the ChiwanAP - 189 words
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412 2007-05-03 17 Reisers [HOUSTON] The United States will need to double its port capacity by 2020 to meet the growing demand, US Commerce Secretary Carlos Gutierrez said on Tuesday. "About 99 per cent of our trade goes through the ports," Mr Gutierrez told Reuters in anReisers - 412 words
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Article, Illustration473 2007-05-03 17 Bloomberg [NEW YORK] Royal Caribbean Cruises, the world's second-largest cruiseship operator, reported firstquarter profit that fell more than analysts estimated on lower demand in the Caribbean and the purchase of a Spanish company. Net earnings plummeted 93 per cent to US$B.B3 million. or four USBloomberg; AP - 473 words
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219 2007-05-03 17 Reuters [SYDNEY] Australia's Newcastle port, the world's largest coal export terminal, has cut shipping allocations for all producers for 2007 in a bid to ease the severe congestion, operator Port Waratah Coal Services (PWCS) said yesterday. PWCS said in a statement thatReuters - 219 words
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460 2007-05-03 17 Reuters [HOUSTON] The port of Los Angeles in southern California is tightening its ship emission policy and boosting maritime security, the port's executive director said in an interview on Tuesday. Amid concerns about securing the US borders and preventing potential terror attacks at strategicReuters - 460 words
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Page 17 Advertisements
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Advertisement1336 2007-05-03 17 W HOSEN GROUP LTD. 1 H (incorporated in the Republic of Singapore) I (Company Registration Number *****3029E) I NOTICE OF EXTRAORDINARY GENERAL MEETING I I NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING OF HOSEN GROUP I I LTD. (the 'Company") win be held at 267 Pandan Loop Singapore1,336 words
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EDITORIAL & OPINION
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506 2007-05-03 18 EDITORIAL OVER the past five years, air travel has become a mass market commodity in South-east Asia, thanks to a proliferation of budget airlines in the region. Today, the region has about two dozen low-cost carriers which together account for 10 per cent of506 words
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Article, Illustration940 2007-05-03 18 ANTHONY ROWLEY - It's best to wait until intra-regional political and diplomatic relations in Asia settle down. Even regional integration is contentious until leaders can agree on the 'New Asia' ANTHONY ROWLEY Tokyo Correspondent WHEN I asked Asian Development Bank (ADB) president Haruhiko Kuroda during a recentFILE PHOTO - 940 words
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Article, Illustration765 2007-05-03 18 FRANK CHING - THE BOTTOM LINE FRANK CHING THE issue of young women forced into sexual slavery by Japan during the Second World War simply refuses to go away. Throughout Junichiro Koizumi's five years as prime minister, his relations with China and South Korea were765 words
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Article, Illustration806 2007-05-03 19 ANNE APPLEBAUM - The cross-border mobility brought about by the EU has political, economic and cultural consequences By ANNE APPLEBAUM TO ANYONE steeped in the thousand-year history of Anglo-French enmity—that bitter struggle over power, influence and the edibility of snails—the highlight of France's presidential election campaign was surelyREUTERS - 806 words
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Article, Illustration938 2007-05-03 19 LEON HADAR - LEON HADAR Washington Correspondent THE war which resulted in the ouster of a dangerous despot ended and the US troops, who had fought in a bloody conflict overseas, were returning home. But the human and financial costs of the war were veryREUTERS - 938 words
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Advertisement514 2007-05-03 19 Cats Notices In the Matter of The Companies Act Cap. 50 and In the Matter of WAH HONG GOLDSMITH t JEWELLERY (PTE) LTD. Company Registration No. *****0209 D (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50,514 words
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BID FOR DOW JONES
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Article, Illustration1050 2007-05-03 20 JOE NOCERA - JOE NOCERA looks at what's behind Rupert Murdoch's 'insanely high' US$6O-a-share offer for Dow Jones JOE NOCERA NYT TWO years ago, with Dow Jones Co's stock mired in the low 30s and unhappy members of the controlling Bancroft family selling off some of their shares Roy Hammer,NYT; AP; Source Bloomberg - 1,050 words
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Advertisement18 2007-05-03 20 Organised by: Supported by: Founding sponsor: Partners: Supporting partners: Official magazine: THE BUSINESS TIMES &ÜBS M. SK-r- JBL18 words
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Article8134 2007-05-03 21 SGX MAINBOARD Transaction date: May 2 52-Wk Td Last Vol Day last Quote Wv GfYW Nat MCap High Low Coda Company Sala C000) High low luyar Sajjar Cvr fIt Urm 3.5 2 5716 1st Software J **P S 2*d 1 5! 1 24 5 24.5 9.9 1 IS8,134 words
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Advertisement152 2007-05-03 21 Not been making the most of the markets? Then it's time to trade CFDs with City Index Asia. Trad* multiple markets bom Trad* long or short on live market one account prices Manage your risk with atop losses and Trad* atocks, ETFs and indices to other order types 7.8% margin152 words
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Article5396 2007-05-03 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out In S$ In US$ S dy yr S dy Syr S dy Syr May 1 lnd«» Change Change Change Change Change Change Wbrtd IwteK PreBminaiv 1154.4 -0.1 4.9 -0.2 5.1 -03 6.1 < EAftPreliminaty 1164.9 -0.2 5.2 -0.4 63 -0.55,396 words
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Advertisement181 2007-05-03 22 t YOU'RE THE BOSS U With control over your global market trades in FX, FX Options, CFDs, Futures and Equities, our award-winning multi-product trading platform gives you: GET A FREE US$lOO,OOO Real-time pricing, rapid execution Comprehensive chart toolkit DEMO ACCOUNT NOW. and valuation of your holdings Up-to-the-minute research. 11l Hi181 words
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Advertisement1951 2007-05-03 23 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.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT JDH/BJA Loads Singapore, E./W. Molayiio, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES1,951 words
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Advertisement451 2007-05-03 23 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VKSH VOY W ~HBGHT SM IK iUQ SAY Ml ORf MUSMAN AF7I4 3201 MS 6.4 M 07/05 30/0S 08/04 30/06 16/06 14/06 TOIIRCOMG AL7O4 4001 MS 6.3 M 22/05 OMIT 23/06 30/06 02/07 TARONGA .> AF7I6 3201 MS 6JSM 21/05 21/06 30/06 05/07 09/07451 words
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The Business Times Shipping Times
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4977 2007-05-03 24 This A Advertiser V«*»«l »oyn« Tttophom SIN Daft'n Hum Name Number Number flHHHMHMHNHHHHMHHMHHHMHHHHHHHHHHHHMHHHHHMi To ABU DHABI (AUH) 2004 U. A. Emirates 13/05 24/05 SCI TS DUBAI TBA *****355 To ADELAIDE (ADL) 2007 Australia 13/05 01/06 China Shpg API TOPAZ 144S *****898 13/05 01/06 PTDjakarta4,977 words
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Advertisement1133 2007-05-03 24 WAN HAI INTERNATIONAL PTE LID at M& 14W5»?oooo/l V TIL *****588 (14 LINES) FAX: *****163 \M\ IMAM II A I I I MFC Custom* Saryfct/lookhgs Direct Une (1800) *****200 V Yl I f f Mil rIMI LIIILJ HQIH; (03) B46WS FAX: (03) *****281KN TH: (04) *****00 MX: (04(*****99 JOHIEk (07)1,133 words
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Advertisement929 2007-05-03 24 IVESSIt VOY PKL SIN I KHI DXB BAB I DMM UK KHO MAN SATTARI PCUI97 06/05 07/05 14/05 19/05 20/05 26/05 2S/05 30/05 IRAN TABATABAiI PCLSI9S 16/05 15/05 24/05 27/05 28/05 03/06 05/06 07/06 WAN BAABAiI PC LB 199 23/05 24/05 02/06 05/06 06/06 12/06 14/06 16/06 IVKSBL VOY SIN929 words
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Advertisement683 2007-05-03 24 SJ WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS fftttl I VOI I SIN I PCAKG COIOMIO SHEW COLOMBO »AilY GAMDHI OII3W 24 AW 25 Aft 2IAW 02 MAT WMM mm OOW 01 MAT 02MAY 05 MAY <?>W 13 W ItOTA PAHLAWAM WHOM 01 MAT683 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration876 2007-05-03 26 AMIT ROY CHOUDHURY - Industry group SEMI sees region's semicon manufacturing capacity climbing 12% this year, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY LAST week's major semiconductor investment announcement by German memory chip maker Qimonda was another sign that Singapore remains a major centre for HI the industry,Source: SEMI - 876 words
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343 2007-05-03 27 ROLAND LIM - Credit card fraud also high on their list of security concerns: poll By ROLAND LIM MORE Singaporeans are getting concerned about identity theft, according to the latest survey commissioned by US-based enterprise IT services provider Unisys. Some 87 per cent of the survey respondents343 words
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210 2007-05-03 27 ROLAND LIM - By ROLAND LIM STANDARD Chartered has launched a new electronic portal for its corporate customers which integrates a host of financial transaction solutions, as well as reporting solutions, into a single interface. Called "Straight2Bank", the platform provides a range of services, including foreign exchange services210 words
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375 2007-05-03 27 AP [SEATTLE] Hackers have stepped up attacks on computers running some versions of Windows, a day after Microsoft disclosed a hole related to the mouse cursor. Microsoft Corp sent out a security advisory recently warning customers that a vulnerability in ".Ani"AP - 375 words
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Article, Illustration287 2007-05-03 27 WINSTON CHAI - By WINSTON CHAI COMPUTER giant Dell has promoted a trio of senior executives to take the helm at its various regional operations. Pamela Lim has been named the new general manager for Dell Singapore and Brunei. She was formerly the sales director for the firm's local287 words
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755 2007-05-03 28 LOUIS AU - <you say> An adaptive network that meets human needs can make every visitor to a mall a customer By LOUIS AU IN PHILIP K Dick's futuristic novel, Minority Report, hero John Anderton walks through a shopping mall and is identified repeatedly by personalised messages. If755 words
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594 2007-05-03 28 NYT [AUSTIN, Texas] Michael Dell must have liked how the recently released version of a Linux operating system worked on his own computer, because Dell Inc will start pre-loading the software on some of its consumer computers. Dell will offer Übuntu 7.04 aNYT - 594 words
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Advertisement160 2007-05-03 26 k j| 1 W H 1 iiilMß^^m^^ HHiSf W^HB jiff K ■^^Hi i Jja '^•ijliAi' jh E luh rwm t al,^rt y> ,|i -asa»- imagine success and performance packaged into 8 Power-packed with many options for success. Industry-changing innovations, f§|MH 1 fast speed printing, enhanced solutions and brilliant award-winning designs160 words
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Advertisement24 2007-05-03 26 YOU SAY Technology is a personal business PG 28 Radio 91.3 is managed by SPH Union works, a subsidiary of wtm Singapore Press Holdings24 words
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Advertisement59 2007-05-03 28 k- *^^P I I'M VP OF OPERATIONS. I'M FLYING SOLO. BUT I'VE GOT MY ENTIRE BACK-UP TEAM ON CONFERENCE, P AT THE PRESS OF A BUTTON. M SEE HOW INTELLIGENT COMMUNICATIONS ißpgy M IS CHANGING JOHN'S WORLD AT THE AVAYA HMHKI fW M COMMUNICATIONS SUMMIT 2007 ON 23 MAY. 'W?;-59 words
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PROPERTY
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Article, Illustration884 2007-05-03 29 Vacancies on the rise along with unsold homes Bloomberg [BOSTON] The glut of US properties for sale is about to hit the rental market. A record number of homeowners who can't sell condominiums and houses are competing for tenants with the country's biggest apartmentBloomberg; AFP - 884 words
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Article, Illustration544 2007-05-03 29 Fall indicates rise in borrowing costs cooling residential property market Bloomberg [LONDON] UK mortgage approvals fell to the lowest in almost a year in March, a sign that higher borrowing costs are cooling the residential property market. Lenders granted 111,000 loans for homeBloomberg; BLOOMBERG - 544 words
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Article, Illustration481 2007-05-03 30 ARTHUR SIM - DTZ says likelihood rising given need to diversify risk, maximise returns By ARTHUR SIM CHINA could soon come to play a greater role in global markets as a source of capital, DTZ Research believes. The growing reliance of the world's economy on481 words
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457 2007-05-03 30 Jones Lang LaSalle Q1 gains jump 6-fold to US$27.2m Bloomberg [NEW YORK] CB Richard Ellis Group Inc, the largest commercial real-estate broker by market value, said that first-quarter profit fell 68 per cent, the first decline in almost three years, on chargesBloomberg - 457 words
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243 2007-05-03 30 LISTED construction and property group group Chip Eng Seng said yesterday that its freehold Ventuno Balmoral is fully sold and it plans to launch three more condominium projects in the next few months. The 35-unit Ventuno Balmoral, in Balmoral243 words
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Article, Illustration401 2007-05-03 31 ARTHUR SIM - It has received expressions-of-interest for former CPIB Building By ARTHUR SIM THE Singapore Land Authority (SLA) has released another three state properties strictly for use as office space, bringing the total to six this year. So far, one site, a former401 words
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Article1533 2007-05-03 31 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (SS'OQO) (SS) District t NON-LANDED The Sail Marina Bay Apt 11/04/2007 99 614 748 1220 The Sail Marina Bay Apt 11/04/2007 99 861 973 1130 The Sail Marina Bay Apt 09/04/2007 99 592 486 820 District1,533 words
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Article, Illustration561 2007-05-03 32 KALPANA RASHIWALA - DTZ-brokered en bloc sale sets new benchmark for Mount Sinai area By KALPANA RASHIWALA SINGAPORE Land has acquired Himiko Court at Ridgewood Close in the Mount Sinai area for $336 million, or $821 psf of potential gross floor area, inclusive of an estimated $1.07561 words
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Advertisement64 2007-05-03 29 jSTMMfAstute Property Investors/Hedge Funds Unique Opportunity to own physical j., **> jy' property with Yield Protection, Capital Upside, Enbloc Potential in "Fringe Central". Follow the "Smart Developers" who have been buying land in District 20!. 2 Penthouses Total 4,952 Square Feet. Very Rare in District 20 Rental Yield 4%. S$64 words
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Advertisement150 2007-05-03 29 —=n (pTTt IST A T E 1 a S pore Chi no jo *1 strict 1 0 Balmoral/Bt Timah vicinity 63,571 sf land; Freehold GPR 1.6, up to 12 storeys EnSgT" 16 maisonettes 2 adjoining bungalows y> m 100% agreement \<BA I LJm Brtmond y«A Y°\ 7W Elevated grounds; quiet150 words
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Advertisement386 2007-05-03 30 Prime Residential Redevelopment Site at Dist 10 For Sale by Expression of Interest oS&d, I Cit y Towers at Bukit nmah Road JS!'/ "Freehold *V #o4i( Wrt) Land area 9,711.3 sq m 1 > Mfc I A> T" (104,531 sq ft) MP 2003 "Residential" at C sjy j» '-if. plotratio386 words
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Advertisement218 2007-05-03 30 FREEHOLD ■—g— Plot Ratio :3 Master Plan 2003 Commercial I Residential f* Height Residential up to 36 Storeys 3 minutes to Orchard Rd BALESTIER RD tu Easy access via CTE/PIE oi Development Options (subject to relevant I authorities approval payment DC) I Service Apartment, SOHO, Hotel I I Retail/Commercial cum218 words
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Advertisement59 2007-05-03 31 Hotels For Sale Beijing Estimated GFA 61,750 sm Xi'an Estimated GFA 60,000 sm Shenyang Estimated GFA 25,000 sm Service Apartment Blocks For Sale Puxi, Shanghai Estimated GFA 15,000 sm Residential development sites are for sale in various cities. For Enquiries, please contact: nJLft ASIA chartes -Hp 9226-0013 "TMt ELITE Email:59 words
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Advertisement73 2007-05-03 31 hh skst—j ncBMRMMawmM^ Site Area: Approx. 140,760 sq ft sl Max. GFA: Appr0x.295,595 sq ft |f f Plot Ratio 2.1 I t I Close proximity to City 5 hjul* I' I Near Prestigious Schools, Shopping Centres, towers f of Clubs, Sports Complexes, Expressways, Eateries H|| f f if and East73 words
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Advertisement129 2007-05-03 31 I RARE INVESTMENT OPPORTUNITY I ALONG HALIFAX ROAD F7 —y I 9 Site Area: 3,150.8 sq.m. g _Tygin 2003 Master Plan Zoning: Park g A Polo HQ c 9 Permissible Plot Ratio: 0.70 Q JBCT 9 Existing Plot Ratio: 0.35 a JHjji^V 9 Existing Use: District Office f/, W Pof129 words
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Advertisement315 2007-05-03 32 We are hosting an exclusive Investors Cocktail Reception on Thursday, 10th May at the British High Commissioner's residence, Eden Hall, 28 Nassim Road from 6.30pm You will learn where the property hot spots are right now and how to attract the best tenants. There will also be other companies present315 words
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