The Business Times, 8 May 2007
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2007-05-08
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The Business Times
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Title Section20 2007-05-08 1 The Business Time Tuesday, May 8,2007 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents20 words
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598 2007-05-08 1 CONRAD TAN - Bridging Asian, Mid-East capital flows an initial focus of bank whose board includes former SingTel CEO By CONRAD TAN [SINGAPORE] DBS Bank yesterday launched Singapore's first Islamic bank, which counts among its shareholders prominent figures from the Gulf countries. Its contribution of US$25O million598 words
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Article133 2007-05-08 1 Dsn 3/477.59 (-8.17) ST INDEX FUTURES 3,473.00 (+1.00) SIMSCI 429.00 (-0.50) SIMSCI FUTURES 427.40 (-2.40) MARKETS Monday Change KLCOMP 1.365.28 +1.88 NIKKEI 225 17.669.83 +274.91 HANG SENG 20.896.64 +55.56 SET INDEX Closed JAKARTA COMP 2,037.04 +3.67 MANILA COMP 3,329.89 +51.41 SEOUL COMP 1.584.46 +16.72 SHENZHEN B Closed MUMBAIIND133 words
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Article30 2007-05-08 1 BT print subscribers get free access to the Business Times Online. To activate your account log on to asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.30 words
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Article, Illustration387 2007-05-08 1 KALPANA RASHIWALA - CityDev chairman gives a developer's perspective By KALPANA RASHIWALA [SINGAPORE] Kwek Leng Beng, executive chairman of listed City Developments, reckons the problem of speculation will solve itself after a while as speculators get burned and realise it is not so easy to flip387 words
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Page 1 Advertisements
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Advertisement22 2007-05-08 1 HOSTILE TAKEOVER mm* Alcoa launches USs27b ■UuHfl bidforAlcan ■Oil PAGE 19 SME spotlight Why Sesdaq-listed BengKuang Marine prefers to iKlfl beprudent PAGEI422 words
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Advertisement23 2007-05-08 1 CORPORATE RESULTS Great Eastern Hldgs: Q1 profit up 41% PAGE 7 8 111! Illlllli muJ6& «B FRENCH ELECTION Sarkozy's new Europeans page 1923 words
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Advertisement24 2007-05-08 1 S'PORE CORPORATE AWARDS Oscars of the corporate scene page 11 zmm EN BLOC BANDWAGON Ardmore asking for 82,000 psf ppr page 10 De Bethune24 words
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TOP STORIES
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Article419 2007-05-08 2 Property boom may run till 2012 and beyond: Leng Beng THE property bull may keep on running until 2012 or even beyond, says Hong Leong Group executive chairman Kwek Leng Beng. Foreigners will keep pumping money into high-end housing. And businesses looking to get in on Singapore's fast-developing419 words
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Article, Illustration523 2007-05-08 2 MATTHEW PHAN - Ministry says Bill will set out provisions for data protection By MATTHEW PHAN [SINGAPORE] In line with a fresh report from the Bioethics Advisory Committee (BAC), the Ministry of Health (MOH) is drafting a Bill to allow the useBLOOMBERG - 523 words
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303 2007-05-08 2 Project will help develop country's northern region AFP [KUALA LUMPUR] Malaysia will build a US$7 billion pipeline to transport Middle East oil across the north of its peninsula to East Asian countries. Prime Minister Abdullah Ahmad Badawi said yesterday. "Yes, we haveAFP - 303 words
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686 2007-05-08 4 LAUREL TEO - New Cabinet has right men in right places: Yudhoyono By LAUREL TEO in Jakarta [SINGAPORE] Indonesia's long-anticipated Cabinet reshuffle, announced yesterday by President Susilo Bambang Yudhoyono, provided hardly any surprises. The new line-up is largely the same as the old one, except686 words
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367 2007-05-08 4 SIOW LI SEN - All-cash option in sweetened offer could be around A$15.50 per share By SIOW LI SEN [SINGAPORE] A Singapore Power-led consortium that wants to be a major player in Australia's energy sector is under threat from a revised offer by Macquarie Bank for target367 words
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Article, Illustration820 2007-05-08 4 KALPANA RASHIWALA - He points to 7-year cycle, so current phase could run till 2012 or beyond By KALPANA RASHIWALA [SINGAPORE] The property bull may keep on running until 2012 or even beyond, says Hong Leong Group executive chairman Kwek Leng Beng. Foreigners will keep pumping money820 words
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Page 2 Advertisements
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Advertisement581 2007-05-08 2 t people Corporate matchmakers. www.thepeopleatwork.com Asia-Pacific Executive Search Bank Risk Management Dates Banks routinely pursue risk for the measured chance of increased reward. A bank is 14-15 June 2007 confronted with various kinds of financial and non-financial risks. These risks are highly interdependent and events that affect one area of581 words
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Advertisement139 2007-05-08 2 aME^ggga^ f H m- ItFTI rafiTiWl a Vm Hi *jm ..,<■■• J"» %\^Q» > t -k v 4V '&<#- V '"f ygs£ ft"** jjS |P^ Flight Schedule is subject to change Terns Conditions: Fares shown are per person for a round trip. Promotion Period from 25th April to 23rd May139 words
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Page 3 Advertisements
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Advertisement137 2007-05-08 3 s* Dreams are good Realities are better j What if today were Someday? j The day you got to buy your dream house. The day you got to take your company global. Or the day you got to start your own business. Well, today is Someday. Because no matter what137 words
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Page 4 Advertisements
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Advertisement86 2007-05-08 4 Catch world- renowned trader/author regular CNBC Asia analyst fIV Daryl Guppy LIVE! This "Profiting from the 36 Strategies" will show you what tactics to use, what instruments to employ, and the most effective methods to profit in the financial markets. > Up to 15 selected strategies most relevant to today's86 words
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Page 5 Advertisements
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Advertisement260 2007-05-08 5 J^v a > w We^ Ps. v i/, JK •V l^ SSllSlS^^ COUTURE LIVING IN THE PRIME ORCHARD ROAD DISTRICT DE SINGAPOUR pn ORCHARD iSCOTTS sheraton towers H b33i Spoken in the same breath as New York's sth Avenue and Paris' Champs-Elysees, Orchard Road is clearly HOTEL™ NEWTON r cairnhillrd260 words
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COMPANY NEWS
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690 2007-05-08 6 CONRAD RAJ - HOCK LOCK SIEW By CONRAD RAJ IT'S a business worth over US$4OO billion, growing at more than 20 per cent annually, and a potential customer base of not only the world's 1.5 billion Muslims but millions more who are increasingly attracted to the690 words
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447 2007-05-08 6 KALPANA RASHIWALA - By KALPANA RASHIWALA HO BEE Investment, the listed developer offering the biggest property exposure to Sentosa Cove, yesterday posted record first-quarter group net profit of $69.1 million, up from $13.2 million a year ago. It also said it expects full-year 2007447 words
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321 2007-05-08 6 MICHELLE QUAH - By MICHELLE QUAH THE Singapore Exchange (SGX) has appointed veteran banker Chew Sutat its head of development from June 1. He will lead "in the development of new business areas and new products to advance SGX's position as an Asian gateway", SGX321 words
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550 2007-05-08 6 RONNIE LIM - By RONNIE LIM RESOURCES and mining group Straits Asia Resources is making its foray into oil gas exploration and production (E&P), starting with bids for some producing Indonesian oilfields. The move is part of the listed Singapore company's plan to become an Asian-focused energy550 words
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243 2007-05-08 7 JANICE HENG - By JANICE HENG UNITED Overseas Bank aims to have more than 250,000 privilege banking customers across the region by 2012, in line with efforts to ramp up its wealth management business. In addition, the bank yesterday launched its UOB High Yield Account for privilege customers,243 words
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504 2007-05-08 7 GENEVIEVE CUA - GE Holdings' Q1 profit soars 41 to $134.5 m United Overseas Insurance chalks up Q1 net of $6.9m, down 3.4% By GENEVIEVE CUA GREAT Eastern Holdings' profits surged 41 per cent for the first quarter traditionally a relatively slower period thanks to a strong showing by its core insurance operations504 words
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447 2007-05-08 7 TETTYANA JASLI - IPO WATCH By TETTYANA JASLI ACHIEVING listed status for his company has always been Thang Teck Jong's dream. "I think it is every businessman's dream to see his business listed," says the executive chairman and founder of Travelite Holdings. And yesterday, Mr447 words
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479 2007-05-08 9 OH BOON PING - It foresees dip in Q2 revenue but expects profit to be maintained By OH BOON PING HI-P International has reported a 4.9 per cent rise in net profit to $15 million, while sales went up 7 per cent to $199.5 million for479 words
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Article785 2007-05-08 9 Hartford Q3 net falls 16% to $352,202 HARTFORD Education Corporation reported a 16 per cent fall in net profit to $352,202 for the third quarter ended March 31 due to higher operating expenses although revenue rose 16 per cent to $2.38 million. The board of directors proposed a785 words
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Page 6 Advertisements
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Advertisement192 2007-05-08 6 website at http://www.sgx.com and the OPERA website of the Monetary Authority of Singapore at China Branch, in their absolute discretion decide, subject CWna Construction B«Cnk Corporation 9 |jjlg*9l CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. 5390 5118 ■II Go long or short of192 words
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Page 7 Advertisements
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Advertisement86 2007-05-08 7 can assist you with offshore iu'Miirr structures, shelf companies and incorporations in ALL British Virgin Islands Cayman Islands Bahamas Mauritius Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please86 words
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Advertisement199 2007-05-08 7 Credit Agricole Private Bank Imagine a private bank that combines strength and dedicated service Backed by an extensive international network and the significant leverage that comes with being a member of the world's 6th largest banking group*, Credit Agricole Private Bank is a frontrunner in personal wealth management. To protect199 words
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SINGAPORE MARKETS
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Article, Illustration532 2007-05-08 8 R SIVANITHY - STOCKS Index fails to hold on to 3,500; wider market also weak with 299 falls against 191 rises R SIVANITHY Senior Correspondent THE Straits Times Index, which is heavily reliant on large caps like the banks and Sing Tel, has been criticised inSource: Bloomberg - 532 words
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Article, Illustration958 2007-05-08 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Daw Uwdi Up Down Unth Up Down Uwdi Multi Ind 3 8 5 1 J) A 8 5 Manufacturg 56 88 75 12 24 13 68 112 88 Commerce 38 19 10 6 9 34 44 28 TpVStor/Com 15 17 11 0 2958 words
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Article, Illustration939 2007-05-08 8 UMA SHANKARI - Compiled by UMA SHANKARI CONTRACT from Jinhui: According to a recent article from Tradewinds, Asian Bulker owner Jinhui Shipping Transportation Ltd has contracted eight 57,000-dwt bulkers to be built at Shanghai Shipyard. Jinhui will pay a high price of around US$4l million per ship because of early deliverySource: Bloomberg - 939 words
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Article, Illustration543 2007-05-08 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent ASIAN currencies took over the baton from erstwhile favourites like the euro as the US dollar sagged anew after a softer US jobs number, thanks to a host of Asian positives which have come to the fore. LeadingSource: Reuters - 543 words
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Page 9 Advertisements
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Advertisement316 2007-05-08 9 flai I «< "*s>"» V, J v V. $5* ,V" 'f, > A >, ~V> ♦-> f v TRAVELITE HOLDINGS LTD. (Incorporated in the Republic of Singapore on 12 August 2005) (Company Registration Number *****1089K) Established Group that markets, sells and distributes a wide range of merchandise catering mainly to316 words
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SINGAPORE NEWS
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Article, Illustration544 2007-05-08 10 VINCENT WEE - It presents assessment of social contributions of its co-op units By VINCENT WEE THE NTUC has adopted a soft corporate approach to presenting the hard numbers as well as mapping out the future directions of its social enterprises.544 words
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239 2007-05-08 10 CHUANG PECK MING - By CHUANG PECK MING in San Francisco OFFICIALS of US oil giant Chevron told Prime Minister Lee Hsien Loong over a lunch meeting on Sunday about their plans to expand their operations in Singapore. Chevron intends to build up its oil refineries, chemical239 words
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302 2007-05-08 10 CHARMIAN KOK - By CHARMIAN KOK CITI, the world's largest bank, showed off over the weekend its global brand advertising campaign with the slogan, Let's Get It Done. The bank's new integrated media campaign emphasises its corporate brand identity with a symbolic red302 words
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343 2007-05-08 10 Bernama [KUALA LUMPUR] Senior transport ministry officials from Malaysia and Singapore will meet in the islandrepublic today to hold preliminary discussions on the opening up of the lucrative Kuala Lumpur-Singapore air route. Transport Minister Chan Kong Choy told Bernama the meeting wouldBernama - 343 words
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Article, Illustration306 2007-05-08 10 KALPANA RASHIWALA - By KALPANA RASHIWALA THE Ardmore has joined the list of collective sale sites with asking prices of $2,000 psf per plot ratio (psf ppr) and above. Knight Frank, which is marketing the 42,565 square foot freehold site at 6 Ardmore Park306 words
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Article, Illustration263 2007-05-08 10 LIN ZHAOWEI - By LIN ZHAOWEI MORE than 400 high-powered delegates are expected to attend this year's Forbes Global CEO Conference which will be held at the RitzCarlton and Sentosa from Sept 10 to 12. This year's conference theme, "Drivers of Success", will263 words
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368 2007-05-08 10 CHRISTINE SIM - By CHRISTINE SIM SEMBCORP Marine Ltd yesterday set up Singapore's first chronic disease medical plan for retired employees. The scheme involves Jurong Shipyard Pte Ltd, which has about 1,900 employees, making it one of SembCorp's largest subsidiaries. The plan extends current employee medical368 words
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215 2007-05-08 10 TETTYANA JASLI - By TETTYANA JASLI SINGAPORE media companies have won US$l2B million worth of international co-production and distribution projects at MipTV 2007 at Cannes in France, one of the world's largest audiovisual and digital content markets. This is more than double the US$54 million clinched215 words
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SINGAPORE CORPORATE AWARDS
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Article, Illustration1330 2007-05-08 11 MICHELLE QUAH - The Singapore Corporate Awards recognise the best in corporate governance, while raising the bar for all, writes MICHELLE QUAH MICHELLE QUAH PERHAPS all too often, one reads only of questionable governance practices in the news. But while it's important to draw attention to and correctFILE PHOTO - 1,330 words
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Article211 2007-05-08 11 Best Managed Board Award: Aimed at providing a multi-perspective view of a board's effectiveness and at the ratcheting up of overall standards by bringing out the best of board practices in Singapore. CEO of the Year Award: Recognises the person who has led an organisation211 words
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Page 11 Advertisements
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Advertisement439 2007-05-08 11 Fortis ranks amongst the 20 largest financial institutions in Europe with a market capitalisation of EUR42 billion and total assets of EUR777 billion. Our sound solvency position, Crj DT I V 'mlm*-' broad riskspread and professional workforce of 59,000 1 enable Fortis to combine global strength with local flexibility in439 words
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SME spotlight
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Article, Illustration788 2007-05-08 12 BENITA AW YEONG - Benjamin Lim, head of Simplex, tells BENITA AW YEONG how he plans to grow the business so that it will rely less on the demand for kitchen equipment, which is often dependent on the economy's health BENITA AW YEONG WHEN Benjamin Lim first graduated fromJOHN HENG - 788 words
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Article, Illustration821 2007-05-08 13 JANICE HENG - Microwave Packaging builds its business on a product of its own design and plans to expand overseas, writes JANICE HENG JANICE HENG SINGAPORE'S small and medium enterprises (SMEs) are sometimes accused of lacking creativity and entrepreneurial spirit. But Microwave Packaging, for one, hasJOHN HENG - 821 words
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315 2007-05-08 13 JANICE HENG - By JANICE HENG SOME banks take their clients out to lunch, but OCBC Bank is taking lunch to its small-business customers. OCBC's enterprise banking division, which caters to small and medium enterprises, has been hosting lunches on customers' office premises as part315 words
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Article, Illustration1018 2007-05-08 14 NANDE KHIN - SMALL CAPS NANDE KHIN looks at the marine services company's expansion plans NANDE KHIN SESDAQ-LISTED marine services company Beng Kuang Marine is careful not to bite off more than it can chew. Rather than rashly expanding into new geographically markets, the company wants to increase its marketJOHN HENG - 1,018 words
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Article358 2007-05-08 14 TEH HOOI LING - By TEH HOOI LING IN line with the strong general market in the last four trading sessions, our small cap portfolio has also put on some good gains. It advanced 2.5 per cent, with gainers outnumbering losers by 13 to nine. The biggest riser was Perth-based Ausgroup,358 words
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Page 12 Advertisements
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Advertisement180 2007-05-08 12 Answer: ICGfWDS GARDEN THE LEGENDS^*. FORT CANNING PARK 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.lagandsfortcanning.com Diners Club Card r<. w /»«//64i6 0980 H|[|H A World of Exclusive Privileges Treats Diners Club J- v" International' MUMMY'S NOT BAKING... I AM! 4M •jk ssi' VHHF z^NKIffIBBBBBBMMMBfIHKBS^ Make this Mother's Day180 words
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Page 13 Advertisements
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Advertisement145 2007-05-08 13 5 r r w M *9)■ J1 1 f a -m V —1 >1? J9H 7*Tlfrl Pmfr3TyS^Rv fc*iiM<ilFViiH i" *T^ ui]l|UllllllliS I I Vf fl H r^ 7 J a..1& w«.i < yt .J -a^irJE i jH P *B"^ |I" r x F' jL^ E fcv sßF^^'■ I Li f145 words
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Page 14 Advertisements
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Advertisement77 2007-05-08 14 > > f£. Who will take top honours at the Singapore yj* Singapore Corporate Awards? Corporate It is an accolade of the highest order for the deserving few. a On 29 May 2007, join industry leaders and business luminalles at the momentous awards presentation and AWAKUo dinner at The Ritz-Carlton77 words
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ECONOMY WATCH
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Article2488 2007-05-08 15 VOL »Uy7 KM *1- C000) A&M Realty .2.52 unch 41 Abric Bhd 0.32 0.01 79 Acp Industries .225 -0.03 351 Advance Synergy .0.35 0.01 5676 AdventaBhd 1.37 -0.07 2053 Ae Multi Hldgs 0.35 -0.01 98 Affin Holdings .2.32 -0.04 3002 Ahmad Zaki Resou 3.04 -0.04 56 AicCorp .0.602,488 words
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Article, Illustration661 2007-05-08 15 EU points to firm domestic demand, stable inflation, low unemployment Reuters [BRUSSELS! The European Union yesterday forecast faster growth for EU economies, this year and next year, cutting the unemployment rate to the lowest levels in 15 years. The euro zone economy willReuters; AP - 661 words
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457 2007-05-08 15 Economists expect surplus of A$10b for next fiscal year Bloomberg [SYDNEY] Australia may cut taxes and increase spending as Prime Minister John Howard, trailing in opinion polls, seeks a fifth term for his Liberal-Nation-al coalition in an election expected this year. The governmentBloomberg - 457 words
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Page 15 Advertisements
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Advertisement476 2007-05-08 15 10th May 2007 Singapore Pan Pacific Hotel i THES A A PAC, C FlXprotocol TRADING SUMMIT INDUSTRY-DRIVEN messaging standardPresents "ASIA The changing trading environment and how it affects YOU" FPL Asia Pacific Education Marketing Sub-committee is organizing the sth Asia Pacific Trading Summit 2007 in Singapore on 10th May 2007.476 words
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MALAYSIA/INDONESIA
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320 2007-05-08 16 Reuters [PUTRAJAYA. Malaysia] Malaysia will raise salaries for the country's 1.2 million civil servants, the prime minister said yesterday a move that analysts say could precede an early general election. Details of the pay revision, the first such hike inReuters - 320 words
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520 2007-05-08 16 S JAYASANKARAN - Offer for the former seen at about RM1.30, and for the latter, about RM5 By S JAYASANKARAN in Kuala Lumpur CONTROLLING shareholders of media firm Nexnews and building materials' maker UAC yesterday spoke of plans to take their respective companies private. The move520 words
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Article, Illustration388 2007-05-08 16 Reuters [SINGAPORE] Sukanto Tanoto, Indonesia's richest man, said his unlisted group RGM International has begun a US$4 billion expansion of its pulp and paper, palm oil, energy, and other interests to increase its size by 70 per cent by 2009. Mr Tanoto, whose fortuneReuters - 388 words
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190 2007-05-08 16 Reuters [KUALA LUMPUR] Malaysia's largest mobile phone firm, Maxis Communications, expects to announce a new partner for its Indonesian venture within a fortnight, chief executive Jamaludin Ibrahim said yesterday. Maxis has become Malaysia's biggest mobile firm by users, but has not performedReuters - 190 words
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Page 16 Advertisements
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Advertisement290 2007-05-08 16 r -0^ jffrg -•"•'•■l* _r •t.. as*.- vf*. jpL» The Straits Times OCBC Bank iiSS* e i S&ek tmbi+ious /a €/T+> &ft+n£pre*&ars lookmtf +o -for+kcr V Get exclusive business insights from top brands such as Atlas Sound Vision, Epicentre, Breadtalk, Wood Doctor etc, through informative I and interactive discussions on290 words
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GREATER CHINA/INDIA
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202 2007-05-08 17 AFP [LONDONI Indian tourists to London in 2006 spent more than their Japanese counterparts for the first time, according to data released by the agency responsible for promoting London to visitors. The Guardian daily reported yesterday that according to Visit London, the 212,000AFP - 202 words
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542 2007-05-08 17 JANE MOIR - Many believe that HK securities watchdog only targets small fish By JANE MOIR in Hong Kong HONG KONG's securities regulator is under pressure to disclose when investigations are underway as it fends off criticisms that it favours big companies and politically connected business figures542 words
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Article, Illustration38 2007-05-08 17 [MUMBAl]lndians participating in a laughter competition here on Sunday. Restricted to elderly citizens, the competition was held on the occasion of World Laughter Day. which is celebrated annually on the first Sunday of May. AFPAFP - 38 words
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449 2007-05-08 17 They defer their purchases till projects are ready (NEW DELHI) Rising borrowing costs have been pinching real estate developers over the past few months. Now, higher home loan rates and the prospect of a market correction are making it difficult for them to pre-sell449 words
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Page 17 Advertisements
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Advertisement192 2007-05-08 17 i i it. TpMT; t Bl^R warn HN H I i fi 'MBHhEETw !L ■BML'.WHffjMM' I n Ell Vv ATW Airline of the Year rid /YNJ\.^F j|liigii|iiim > Inhyit Tokyo Singapore I Night Flight Right No Dep Arr Flight No City Dep [ait Flight No City Pep Arr jFHght No192 words
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MIDDLE EAST
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423 2007-05-08 18 HABIB SHAIKH - Number of firms has gone up from under 10 five years ago to 50 now By HABIB SHAIKH in Jeddah DRAWN by liquidity and investment opportunities, private equity businesses have stepped up their activities in the Middle East region in a big way.423 words
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Article, Illustration247 2007-05-08 18 AFP [DUBAI] A large fire broke out on Sunday at a construction site on a giant artificial palm-shaped island off the coast of the booming emirate of Dubai. Smoke billowed over buildings along the trunk of Palm Jumeirah island and was visible fromAFP; REUTERS - 247 words
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Article2838 2007-05-08 18 UNIT TRUSTS FUNDS ABAme. Income B USD *IV CWSlnwa ltlRtniNC EtJ* HBJ5WWMSM r*» ffSSiSf SSTSSli'So V \«wij» U*£ SmARM Iwffl ■■iriUlii'nW*— zzztzii™ 1}* ggafififfisg ,5 ?r,S 52SS2S««==:a?S SSfctidA IS agpffi igffg 53*5Sffc— .i**.*AOfcj AJ■mjumiMR'MVI Afl ft*m iftww AT SGD 1*1// lHimi U10 QoUMClMA IMS' IQmSljpfcmittf MMi NwmflW<fcrtM. *****/1/0346 1 jlrJt*e2,838 words
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Page 18 Advertisements
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Advertisement91 2007-05-08 18 Allianz Global Investors one of the world's largest asset managers with more Allianz (ffi) than US$l.2 trillion assets under management as at 31 December 2006. 2 b v i'"l s !r FOR US, IT'S THE SILVERWARE IN yfiP YOUR POCKET THAT MATTERS MOST. j I J "j Bm As a91 words
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ASIA-PACIFIC/WORLD
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486 2007-05-08 19 Cash and stock offer comes after failure to reach deal in 2 years of talks AP. Reuters [NEW YORK] Alcoa is making a hostile bid for Canadian aluminum rival Alcan worth nearly US$27 billion after failing in almost two years of private talksAP.; Reuters - 486 words
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Article, Illustration637 2007-05-08 19 FRENCH ELECTION AFP [PARIS] President-elect Nicolas Sarkozy is expected to roll out a raft of measures in his first 100 days in office to cut taxes, keep trains running during strikes and bust open France's 35-hour work week. Mr Sarkozy, who won Sunday's election,AFP; REUTERS - 637 words
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479 2007-05-08 19 Reuters, AP [OMAHA, Nebraska] Warren Buffett said on Sunday that the US$5 billion takeover bid by Rupert Murdoch's News Corp for Dow Jones Co may not be the final offer for the owner of the Wall Street Journal. Dow Jones hasReuters,; AP - 479 words
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298 2007-05-08 19 Bloomberg, AP [OMAHA] Tryouts hoping to follow Warren Buffett as chief investment officer (CIO) at Berkshire Hathaway should expect to earn less than in their old jobs if they underperform the Standard Poor's 500 Index. Mr Buffett said. Candidates will be givenBloomberg,; AP - 298 words
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532 2007-05-08 19 Proposal not superior to BOA's US$21b deal for unit: Dutch bank Bloomberg. Reuters [AMSTERDAM] Dutch bank ABN Amro rejected a U5524.5 billion offer for its LaSalle Bank unit from a group led by Royal Bank of Scotland Group (RBS), as the biggest takeoverBloomberg.; Reuters - 532 words
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Page 19 Advertisements
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Advertisement1016 2007-05-08 19 QAF Limited 1 I Company Registration No *****0035 D I I NOTICE OF BOOKS CLOSURE DATE FOR I I THE DISTRIBUTION4N-SPECIE BY WAY OF DIVIDEND fl I QAF Limited (the "Company") refers to the extraordinary general meeting of the Company I I held on 27 April 2007 whereby approval of1,016 words
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AVIATION
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Article, Illustration499 2007-05-08 20 BENITA AW YEONG - Asia-Pac share of global passengers expected to pip North America's By BENITA AW YEONG [SINGAPORE] Industry experts are expecting passenger traffic at airport terminals to reach a high of 9.1 billion by year 2025, more than double 2006's 4.32 billion.BLOOMBERG - 499 words
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230 2007-05-08 20 [SINGAPORE] Travellers boarding flights from Singapore will have to meet the stricter hand-carry regime imposed by the Civil Aviation Authority of Singapore starting today. The new rules, which kick in at noon, require passengers to check in all liquids, aerosols and gels230 words
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176 2007-05-08 20 Bloomberg [JOHANNESBURG] The wreckage of a Kenya Airways plane was found in a mangrove swamp about 20 kilometres southeast of Douala in Cameroon, the airline said. The Boeing 737-800, carrying 105 passengers and a crew of nine, disappeared from radar screens just afterBloomberg - 176 words
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Article2618 2007-05-08 20 CITY FUCHT ETA fUGHT FTP Adelaide LH9771 1750 AF8088 2230 5Q268 1750 BA7382 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 OF81 1820 S0269 2345 AhflMdabad 5C530 1930 Amsterdam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 —ass as 5,3324 23452,618 words
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574 2007-05-08 20 SIA quashes talk of bid, says it'll remain a competitor Reuters [SYDNEY] The buyout group bidding for Australia's Qantas Airways may relaunch its offer after its original Asll billion (5513.7 billion) bid collapsed over the weekend. The group, which includes Macquarie BankReuters - 574 words
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Page 20 Advertisements
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Advertisement134 2007-05-08 20 BT/ZUJI Deals of the Week 1 BUSINESS CLASS (from*) ECONOMY CLASS (from S) HOTEL (from New York $4,620 $1,155 $142 Vietnam Airlines Thai Airways pgnwnow BU3NBS CLASS from S) ECONOMY CLASS (San S) HQIB-ftomt) WUHBt Hanoi $538 (Vietnam Airlhes) $200 ((Vietnam Airlines) $29 Tokyo $1,168 (MalayaaAWnes) .$450 $99 Mumbai i134 words
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Page 20 Miscellaneous
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Miscellaneous185 2007-05-08 20 CRYPTIC CROSSWORD 1 13 Fee! wrapper for fuse (10) YESTERDAY'S SOLUTION 2 Money from several countries 1 me emblems Across: 1 Naples, 5 Jackpots, 9 and Romania (4) have a similarity (8) Commodores, 10 Agin, 11 Pro--3 Arthur's outing covers north- 17 Taking care of intellectual nouns, 12 Aslope, 13185 words
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SHIPPING
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Article, Illustration408 2007-05-08 21 Demand for oil tankers, container ships helps firm earn 371b won AP [SEOUL] Hyundai Heavy Industries Co, the world's largest shipbuilder, said yesterday that first-quarter net profit skyrocketed on demand for high-priced oil tankers and container ships. Hyundai Heavy earned 371 billion wonAP; BLOOMBERG - 408 words
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414 2007-05-08 21 Antitrust inspectors raid firms in France, Italy and Britain AP [BRUSSELS] EU investigators have joined their US counterparts in an investigation into a suspected global cartel in maritime hoses used to load and unload oil tankers, the European Commission said lastAP - 414 words
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156 2007-05-08 21 Bernama [KOCHI] Two high-speed ships delivered by a Malaysian shipyard for the Lakshadweep administration were launched at a function in the southern Indian state of Kerala, the Press Trust of India (PTI) reported. The vessels MV Bengaram and MV Viringili costing 3.85 crore rupeesBernama - 156 words
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320 2007-05-08 21 Reuters [HANOI] State-owned shipbuilder Vinashin plans to raise 12 trillion dong (551.13 billion) from domestic bonds by the end of the year to fund expansion and meet its multi-billion-dollar order book. It issued three trillion dong in corporate bonds this month,Reuters - 320 words
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Article144 2007-05-08 21 Reuters [OSLO] Norwegian oilfield services group Prosafe has won a seven-year job worth US$4lB million from Apache for a new floating production, storage and offloading (FPSO) vessel off Australia. The deal is for supplying and operating an FPSO for the Van Gogh field off north-westReuters - 144 words
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Page 21 Advertisements
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Advertisement47 2007-05-08 21 jLiiiuHyßse TTs generation' mfomrnmmm Mm wmhuwM Mies ail nmhmmi Mms Jfflti h Ms urmhMM SMMnter Mil Kt Cantromny ■HHUn, iHHTMrtf, Hung tftimm mmm m mm iw—»»«——«-•»«>* W-MW OUNCE TO MEET IBNfi H9JUIG IT TNI CHINESEFONIMSESSWN KV) MscwwKMMmmmiiftaflCMMMNlililHilMßiaaiaMNaa. Mitn PfVmj CMamcrtumtc«iM*fteiwttHMttctm—uiwin «*>". 1 ■p t^ MnW.2wiS«rtW'ftc«Mir:MMWlii»«iM mmi -cfcan 11l47 words
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Advertisement170 2007-05-08 21 In partnership with: ©Performance Motors Singapore 111 l m m llir UNITED OVERSEAS BANK United Behind You LiANHE ZAOBAO CULTURE FORUM '07 H English Forum featuring Hung Huang Time: May 27. 3pm, Sunday Facilitator: Diana Ser (Media Trainer) Forum Venue: Ballroom, Level 2, Suntec City Singapore International Convention Exhibition Centre170 words
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Advertisement9 2007-05-08 21 BMwBfc3BHwßi&»< 1 9 Bl§||§ aK Iwi y I'j Ecr9 words
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EDITORIAL & OPINION
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504 2007-05-08 22 EDITORIAL THE Malaysian stock market is awash in merger and acquisition (M&A) activity which includes leveraged buyouts and companies being taken private. The phenomenon has sparked fears among some investors for the long-term health of Bursa Malaysia. Those fears are completely misplaced because what's504 words
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Article, Illustration1355 2007-05-08 22 HARISH MEHTA - Governments and activists demand more rigorous research and testing from biotech firms By HARISH MEHTA THE biotechnology industry seems to have run into a wall of problems in several countries in Asia. History appears to be repeating itself in countries such asAFP - 1,355 words
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Article, Illustration783 2007-05-08 22 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent MY car had to go through its yearly emissions inspection last week, and while waiting for my vehicle to be tested, I chatted with another resident of the state of Maryland, who lives with her family783 words
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Article, Illustration986 2007-05-08 23 ANTHONY ROWLEY - There was a tussle over what kind of institution it should become a 'poverty' bank or a 'knowledge' bank By ANTHONY ROWLEY in Kyoto THE Asian Development Bank's 40th annual meeting, held this year amid the verdant hills and picturesque temples of Japan's ancient capital ofAP - 986 words
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878 2007-05-08 23 ANDY MUKHERJEE - By ANDY MUKHERJEE Bloomberg MCKINSEY Co last week challenged a widely accepted notion of how India is going to finance a high rate of economic growth over the next couple of decades. The conventional wisdom is for India to replicate the East AsianBloomberg - 878 words
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Page 23 Advertisements
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Advertisement612 2007-05-08 23 S NOTICES RUV IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WORKFORCE MANAGEMENT (S) PTE LTD Company Registration No. *****0256K (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of WORKFORCE MANAGEMENT (S) PTE LTD, duly convened612 words
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Article11346 2007-05-08 24 SGX MAINBOARD Transaction date: May 7 52-WV Tel Last Vol Day UstQuot* Uv GrYld Het MCap High Low Coda Company Sale +l- ("000) High Low Buyer Saler Cvr P/I Smi 3.5 2 5716 1st Software J susp u 15 6 3148 STelecom 13xd unch 1567 13 13 12.511,346 words
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Page 24 Advertisements
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Advertisement141 2007-05-08 24 Not been making the most of the marketsf Then it's time to trade CFDs with City Index Asia. -ftadetengor abort oe h*e market one account pricea Trade stocks, ETFa and indices from other order typea 7.8% margin CFDs offer you the opportunity to trade on the outcome of stocks and141 words
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Article5781 2007-05-08 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy %yr May4 Index Change Change Change Change Change Change World Index Preliminary 1173.5 04 6.6 0.0 6.4 0.5 7.7 t EAFE Preliminary 1183.1 0.6 6.8 0.3 7.4 0.8 8.6 Europe Preliminary5,781 words
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Advertisement186 2007-05-08 25 YOU'RE THE BOSS U V With control over your global market trades in FX, FX Options, CFDs, Futures and mm Equities, our award-winning multi-product trading platform gives you: QET 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. y~i186 words
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Page 26 Advertisements
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Advertisement3625 2007-05-08 26 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT SELL IT FIND IT Habib Bank Limited Onc°rp°rated in Pakistan) CONSOLIDATED (SUMMARIZED) BALANCE SHEET AS AT DECEMBER 31, 2006 2006 2005 2006 2005 (Rupees in' 000) (Rupees in' 000) 13,800,000 13,800,000 ASSETS Authonsed capital Cash and balances with treasury banks 46,310,4783,625 words
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Page 27 Advertisements
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Advertisement1971 2007-05-08 27 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 STXPO TBN INC/BSN PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,971 words
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Advertisement428 2007-05-08 27 I vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa vot um height sm lk "mo say »ai ore TALISMAN AF7I4 320TM» 6.4 M W PORT 30/05 01/06 30/06 16/06 14/06 TOURCOING AL7O4 4001 mm 6.3 M 22/05 OMIT 23/06 30/06 02/0/ TARONGA Af7l6 320T0w 6.25 M 29/05 21/06 30/06 05/07 09/07428 words
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THE BUSINESS TIMES SHIPPING TIMES
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4783 2007-05-08 28 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Munber Number To ADELAIDE (ADL) 2007 Australia 20/05 08/06 China Shpg ANL WINDARRA 003S *****898 20/05 08/06 PTDjakarta ANL WINDARRA 003S *****202 27/05 15/06 China Shpg KAMAKURA 0395 *****898 27/05 15/06 PTDjakarta KAMAKURA4,783 words
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Advertisement516 2007-05-08 28 WAN HAJ INTERNATIONAL PTI LTD NO: **********0/1 VrrA llliftl II A I I lAirr T1L*****5M (MUNIS) F/UL6224U63 VAN > WAN HAI lINFS c«wi*«ti*-o#oo)*****200 V V lini Ullhv HO. 1H: (03) *****858 HUt (03) *****288 HM HL (04) *****00 FAX: (04)*****99 V" JOHIILIOT) *****23 HUL (07)*****21 SUIIR: (031) *****75 RU: (031)516 words
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Advertisement992 2007-05-08 28 imnvm VESSEL VOY PKi I SIN I KHI PXB »A» DMM MK KHO IRAN TABATABAEI PCLBI9B 11/05 17/05 26/05 29/05 30/05 05/06 07/06 09/06 WAN MAIAEI PCLBI99 24/05 25/05 03/06 06/06 07/06 13/06 15/06 17/06 IRAN SATTARI PCLB2OO 31/05 01/06 10/06 13/06 14/06 20/06 22/06 24/06 wwi VOY I SIN992 words
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Advertisement673 2007-05-08 28 m Sl®!fTA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ITOH VQT SIM f.B*MG COtOMM > SHEW COLOMBO UM OII3W 24 AW 75*W W*ft WW mm oww oimat <nm osmay Q9May uml HmwHuwH rwot; oiw o»mat i2may umat 20mat ALSO ACCFTMG KllO COOW. lUTKOMI I673 words
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PROPERTY
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Article, Illustration505 2007-05-08 30 Plot in West Kowloon district may fetch double its asking price Reuters [HONG KONG] A land plot offering views of Hong Kong's skyscrapers and buzzing harbour is expected to fetch nearly double its asking price in an auction today, and whip up moreReuters; FILE PHOTO - 505 words
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478 2007-05-08 31 Higher interest rates hit fastest-growing segment of banking industry Bloomberg [MUMBAI] India's mortgage defaults may rise as higher interest rates hit the fastest-growing segment of the nation's banking industry, said S Sridhar, chairman, National Housing Bank, the monopoly lender to home loan companies. The ReserveBloomberg - 478 words
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Article, Illustration321 2007-05-08 32 ARTHUR SIM - It also injects two properties worth 128b won into Korea Office Fund By ARTHUR SIM ASCENDAS has signed an agreement to buy a logistics centre in South Korea. It did not reveal the expected price for the Korea 2000 facility in the city321 words
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227 2007-05-08 32 FIRST Real Estate Investment Trust (First Reit) has agreed to acquire a nursing home at 51 Lentor Avenue. The price was not revealed in its statement released yesterday but is understood to be around $12 million. The 148-bed nursing home will be leased back227 words
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Page 30 Advertisements
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Advertisement376 2007-05-08 30 Prime Residential Site For Proposed One-For-One Exchange Or Cash (District 11) Site Area: 20,461.1 sq m (approx. 220,243 sq ft) Freehold Plot Ratio 1.4 Up to 5 Storeys Near Prestigious Schools, Amenities, Botanic Garden MRT Station (Circle Line) and proposed Bukit Timah MRT Une Contact Marketing Agent Jimmy Teng 6337376 words
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Page 31 Advertisements
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Advertisement328 2007-05-08 31 LARGE PRIME RESIDENTIAL DEVELOPMENT SITE THE GRANGEFORD FOR SALE BY EXPRESSION OF INTEREST Site area 130,982 sqft 99 years leasehold fIj^^H9MIV|PP|9IIVIIVH9|IV|PM^^^B Prominent corner location Plot Ratio 2.8+ HHHjU 200 m from Orchard Road •Upto 36 storeys HBU|||SM Ideal for iconic residential Unobstructed view of development Orchard Road •High DC Baseline328 words
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Advertisement548 2007-05-08 31 FREEHOLD M Plot Ratio 3 I§|J tj I 2 n'Ajf 3f' f M Master Plan 2003 Commercial Residential < if rffW Height Residential up to 36 Storeys puza IP PM 3 minutes to Orchard Rd BALESTIER RD fu Easy accass via CTE/PIE o f*\, ttjj ol Davalopmant Options (subjact to548 words
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Page 32 Advertisements
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Advertisement378 2007-05-08 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 present378 words
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