The Business Times, 14 May 2007

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES Monday, May 14,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 siNGAPtmei^ntr online at http://business-times.asia 1 .com.sg
    20 words
  • Article
    Lock icon Companies wound up dip to 16-year low
    711 1  -  Q1 bankruptcy discharges surge 88%: Strong economic growth cited as one reason By DANIEL BUENAS [SINGAPORE] With the economy's stellar performance last year, company insolvencies and petitions for liquidation in Singapore hit a 16-year low in 2006, and some economists think that the
    711 words
  • Article
    Lock icon MARKETS DIGEST
    30 1 PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONGKONG 7.75 INDONESIA 14.177 TAIWAN 5.926 JAPAN 1875 KOREA 9.33 BRITAIN 5.50 US 8.25 CANADA 6.00 SWITZERLAND 4.03 INDIA 12.75 Source: Bloomberg
    30 words
  • Article, Illustration
    Lock icon More foreign companies setting up shop in Japan
    572 1  -  Among Asian firms, China and S'pore lead the pack By CHUANG PECK MING [SINGAPORE] With the Japanese government's help, more foreign companies, including Singaporean, are setting up shop in Japan. Asians and Europeans led the pack in the nine months to December
    Source  -  572 words
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      9 1 CHINA STOCKS Soft landing still possible PAGE 16 8
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      9 1 BizlT TCS grows by 80% in S'pore PAGE 29
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      48 1 M, VIEWS FROM THE TOP BANKING FINANCE Singapore's banking scene is buzzing. BTs Banking Finance Supplement brings you interviews with bank CEOs and the latest trends, from wealth preservation to SME financing to housing loans and credit cards. In BT on Wednesday H DINING OUT a PAGE 13
      48 words
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      42 1 CORPORATE RESULTS Property groups post sharp profit jumps PAGE 9 air*" Bf Court orders condotodrop Amanusaname 4^MB< fe%' Ip j. ;*r <# .4»> > i!^^^^^B9iilHw<^^P 1 llli' 3#s» all^Hp£s-#*SB§ ■■■(■■■■■■■o ~r* HinHr JPHPWL »—IBI B Iwm Ln* L" 111 I." 'tiillH^H 1 1 ii'ii)ii
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      429 2 Court orders condo to drop Amanusa name THE prestigious Amanresorts Group has won a court battle to force a condominium project in Yio Chu Kang to be renamed. Local property developer Novelty had named its condo "Amanusa", but the court found that this was likely to cause damage
      429 words
    • Article, Illustration
      Lock icon Court orders condo to drop Amanusa name
      361 4  -  Court finds developer's use of name likely to damage Amanresorts' goodwill By WEE LI-EN [SINGAPORE] The prestigious Amanresorts Group has won a court battle to force a condominium project in Yio Chu Kang to be renamed. Local property developer Novelty had named its
      361 words
    • Article, Illustration
      Lock icon Corporate law work seen getting more specialised
      449 5  -  WongPartnership cites increasing sophistication of financial sector By WEE LI-EN [SINGAPORE] The practice of corporate law here is likely to become more specialised, even though Singapore already leads the region in the level of its sophistication, says Alvin Yeo, newly appointed senior partner
      449 words
    • Article, Illustration
      Lock icon Uniquely S'pore a win-win private-public collaboration
      612 2  -  It combines forces to showcase Singapore to the world By VINCENT WEE [SINGAPORE] The launching of the Uniquely Singapore clipper for its second journey in the Clipper 07-08 Round the World Yacht Race is not only a great way to showcase Singapore overseas but
      612 words
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      160 2 people No mountain high enough. WHEN BUSINESS BECOMES PLEASURE. I T j jp* wWmSB Ii Welcome to a new level of style and comfort. We commissioned the world renowned interior designer Many Samson to reinvent our Club Intercontinental guest rooms and suites. The result is a perfect balance between state-of-the-art
      160 words
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      181 3 1 > y*- y s Looking forward to Bringing forward y° ur recrement *3 L^^^H^ m,my i- ___l_: ill i -v -8fc.11." itfh+stl */^rs/wzft> MaUfcii ii" i \!?(L WMRymm W, :.rw 7m v ffjKjLl JPmßr I*tsjfl*9(tf Vf; *I». m^ih^l mm-- '#|FjHnfluH%< -,X '%30SK., iL 1 "fai m tsJSmKMm I 1
      181 words
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      563 4 I Craft your own success formula with valuable I lessons from internationally-renowned speakers I The Art of Creating happiness 8 high-energy interactive presentation tVbring 01A tHe best in you through positive I psychology in all aspects of your career. I Speaker: SHELLEY SYKES is a Happiness Expert specialising in positive
      563 words
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      164 5 DHL MAKES IMPORTING SIMPLE. j -'JA;* >- i S/ V V U|LUL_ I 1 id > i t)Ht YOUR 4 1 BETH YOUR YOU^^I^^ENT 1 Hb^/ i I Tired of complicated importing processes? DHL import Express is the simpler. Stand a chance in our Grand Draw to win a pair
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      950 5 w e 3\. Human resource w professionals battle daily to attract and retain productive staff for I their organisations. Globalisation and increased competition within Singapore are leading to a significant tightening of the labour market. During this content rich seminar Angus Carter and Kirby Chua will share critical insights on
      950 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon UNIQUELY SINGAPORE
      3038 6  -  THIS WEEK'S TOPIC Teresa Lim Managing Director IBM Singapore SINGAPORE continues to find its niche and competitive advantages in an increasingly inter connected and globalised world. It is on the right track with efforts to constantly re-invent itself to remain competitive Its ability to innovate constantly is a
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      63 7 1 jtfHHftk Hri ptti H I Ip-W PVTB .W. 3 <■■ I |TT| IT9] 11 9 I'i [|TT7^M <rJ|I |^H[ if J Viyi fTCTTT 7-1 1 j 1 I'll I I Vi L^. >~\' pr*y a jf r rr '^M^^^Bl^^^Bß Commerce Net Singapore Des gne^^^ Singapore Business Federation (SBF) Singapore
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  • COMPANY NEWS
    • Article
      Lock icon Citadel hedge fund to buy 25% of Chip Eng Seng
      401 8  -  Deal will include big stakes bought from nine major shareholders By CONRAD TAN A CHICAGO-BASED hedge fund is paying some $83 million to buy a 25 per cent stake in homegrown construction and property firm Chip Eng Seng Corp. Chip
      401 words
    • Article
      Lock icon CitySpring net loss 16 times of IPO projection
      322 8  -  By CONRAD TAN CITYSPRING Infrastructure Trust, which is backed by Temasek Holdings, yesterday announced a net loss of $56.1 million for the seven weeks to end-March, more than 16 times the projected sum at the time of its listing. Revenue of $34.3
      322 words
    • Article
      Lock icon Asti: good prospects when you look further
      654 8  -  HOCK LOCK SIEW By OH BOON PING LAST Wednesday, Asti Holdings reported a lacklustre one per cent rise in first-quarter net profit, even though revenue more than quadrupled due to the consolidation of subsidiaries ASA Group and Flextech in its financial statements. Without
      654 words
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      898 8 Think ERP and CRM. Think Microsoft Dynamics'. Here is a little secret that no vendor tells you According to a people, so they can get up and running quickly and focus on what's leading industry report, only 15 percent of employees have licensed most important to help you drive business
      898 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2206 10 Payment El Books Pay isM im 4m A— «Trt»cBwintt f uMiiflm 004% 144% AAGrp y 141 27% 03 M* U MUy AUHMp F OJQ 004% 114% WHi AUHMg l S 030 004% 114% 204% OJQ 044% 004% 174% Oidnprt a SJO 074% 104% 14J* ftdnprt F 1 JO
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    • Article, Illustration
      Lock icon China and churning: how much longer?
      649 10  -  STOCKS R SIVANITHY Senior Correspondent HERE are some interesting observations on the China stock market by BNP Paribas last Friday: "Official Chinese commentary shows that China is increasingly focused on the ballooning of its asset markets. In this respect, the stock market has been
      649 words
    • Article
      Lock icon Asian currencies gain ground against US$
      277 10 AFP [HONG KONG] Asian currencies strengthened against the dollar last week, amid continued concern over inflation and weak forecasts for the US economy. Japanese yen: The yen firmed last week against the dollar as US Federal Reserve policy-makers voiced continued concern about inflation in
      AFP  -  277 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      2083 10 Consensus No.of Forecast Mean Fits recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allco Commercial REIT 1.50 1.50 6 5.14 26.05 1.51 1-33 Allgreen Properties 2.78 2.89 9 8.30 21.32 1.65 1.77 Allied Technologies 2.50 2.50 2 1.30 10.00 0.14
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    • Article, Illustration
      Lock icon Portfolios sag as bulls take a break
      1431 11  -  TEH HOOI LING Senior Correspondent Generally. stocks in Singapore consolidated last week as investors awaited the US Federal Reserve's decision on interest rates and the bulls paused to catch their breath. Consequently, there was an almost across-the-board slide in the value of our
      1,431 words
    • Article, Illustration
      Lock icon Buyers outperform sellers as sales activity dives
      1082 11  -  INSIDE MARKETS By ROBERT HALILI BUYING remained high while sales activity plunged last week, based on filings on the Singapore Exchange from May 7 to 11. Buyers outweighed sellers by a wide margin. There were 26 firms that recorded 54 acquisitions worth $49
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      77 11 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      77 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon 3i set to expand investment activities across Asia
      862 12  -  It expects to close buyout deal with company in S'pore in 6-8 weeks By OH BOON PING DESPITE growing corporate valuations in Asia, private equity firm 3i still sees investment opportunities across the region. Over the past 12 months, the UK-listed firm
      JOHN HENG  -  862 words
    • Article
      Lock icon HG Metal may start factory in Johor to produce steel products
      806 12  -  By NANDE KHIN STEEL stockist HG Metal may undertake a "mega project" on its newly acquired land in Johor that would see the company producing steel products which it is now only trading in, said CEO Wee Piew. This
      806 words
    • Article, Illustration
      Lock icon Property groups post sharp profit jumps
      929 9  -  More gains to be had from upcoming residential property launches, reports ARTHUR SIM ARTHUR SIM FIRST quarter results for listed property companies are mostly in, with several posting a huge increase in profits. Top of the list is Capita Land with earnings of $608.1
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    • Article
      Lock icon Genting Int'l Q1 net profit soars
      116 12 GENTING International's net profit rose to $67.9 million in the first quarter from $4.9 million a year ago, largely due to the inclusion of revenue from the group's casino operations in the UK. Genting. which is building the Sentosa integrated resort, said its revenue
      116 words
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      80 12 Foreign Company Incorporation Services Representative Office Setting Up Services Corporate and Tax Services Employment Pass and Visa Services Trademark and Product Registration Services Investment and Business Licenses Services in various industries such as Trading, Manufacturing, Mining, other industries. Investment Enquiries ws@indovest.co.id Mobile: +62 811 866 628 (William Siawira) www.indovest.co.id nufiiiifiimp
      80 words
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      143 12 UNIT6O OVGRSEAS BANK HBfl; W uanhezaorao culture forum m English Forum featuring Hung Huang M ML .Mi I 1 M- M Kj Time: May 27. 3pm, Sunday 111 IM RuH i I p 111 (Chinese) NRIC: Sex: F IJW.. mnnnia—mmHcs iHwtrttUfciiwtntt a, mP y: TCEi n gas ant tin m—
      143 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Try your luck with a 13-course menu
      1342 13 SnOMLIMBMCi My Humble House #02-27 Esplanade Mall. Tel: 6423-1881 IT isn't often that one gets mentioned in a famous magazine's list of top 100 restaurants. And even less often that the chef of such a restaurant creates a special menu to commemorate it.
      1,342 words
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  • BT-CITIBANK YOUNĜ INVESTOR'S FORUM
    • Article, Illustration
      Lock icon Ratios to look out for
      763 14  -  Financial ratios can be useful in judging how well a company has performed, reports DANIEL BUENAS DANIEL BUENAS SOME observers and market watchers say that, when it comes to investing in a company, it is really all a numbers game. While not everyone may agree
      763 words
    • Article, Illustration
      Lock icon All in the family
      802 14  -  Two SMU undergrads and their elder sister find their niche in printing guide books. DANIEL BUENAS reports CAMPUS LIFE DANIEL BUENAS UNITED we stand, divided we fall a cliche it may be, but for two Singapore Management University undergraduates and their elder sister, these words certainly
      JOHN HENG  -  802 words
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      249 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      249 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S'poreans face huge retirement funds gap
      336 15  - S 'poreans face huge retirement funds gap They underestimate number of post-retirement years: Manulife By GENEVIEVE CUA SINGAPOREANS are likely to significantly underestimate how long they will live after retirement, leading to a significant shortfall in their savings, says a new study by Manulife Singapore. The research suggests that on
      AFP  -  336 words
    • Article
      Lock icon EVENTS LISTING
      241 15 DATE/ TIME EVENT VENUE 14-18 Centre for Creative Centre for Creative May 07 Leadership, Leadership Leadership Asia, 501 9.00am Development Program Orchard Road #21-01 (LDP) Wheelock Place 15 May 07 HRM Skills Seminar on Bayview Hotel 9.00am Speak Your Client's Language 15 May 07 ISEAS Seminar Great ISEAS
      241 words
    • Article
      Lock icon Oracle exec lauds move to link medical records
      444 15  -  Better access to medical data ups patient care quality By CHRISTINE SIM SINGAPORE'S drive to become a global biomedical hub will be given a huge boost by the Health Ministry's initiative to link all medical records across public and private healthcare providers,
      444 words
    • Article
      Lock icon PM Lee leaves for retreat with KL counterpart
      268 15 IN his first retreat with his Malaysian counterpart, Prime Minister Lee Hsien Loong leaves today for a two-day Leaders' Retreat with Abdullah Badawi in Langkawi. "The retreat will be an opportunity for the two prime ministers to discuss possible new areas of
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      428 15 Connectivity, competitive land price, abundant land, Whot is uniC)U6 Gbout OUr offerincj? special economic zone incentives, quality of life Nusajaya has all these benefits, and more, to offer the astute Southern Industrial«. Logistics Clusters (SIIC) Nutqjaya entrepreneur/ investor who is looking to expand or 1,300 acres of prime industrial land
      428 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Soft landing still possible
      722 16 Authorities can engineer slowdown without hurting long-term outlook ANALYSIS: CHINA STOCKS Reuters [SHANGHAI] A leap by Chinese stocks last week has fuelled fears of a crash that could damage the economy and unsettle markets around the world. But authorities still have plenty of room to avert
      Reuters; AFP  -  722 words
    • Article
      Lock icon Why Americans need to keep shopping
      599 16 Fall-off in US consumption could derail rest of the world's growth Reuters [NEW YORK] It may sound like a precarious state of affairs, but the fate of the global economy rests squarely on whether or not Americans keep shopping. They don't call i,t an
      Reuters  -  599 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Deafening silence over Transmile affair
      578 17  -  Disclose the facts to reassure investors and save bourse's reputation abroad MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THE revelation that Transmile Group may have overstated its profits last year has sent shock waves through the Malaysian bourse. Actually, nobody is sure of anything. The firm's
      578 words
    • Article, Illustration
      Lock icon Jakarta bourse targets 25 listings
      550 17 Figure for 2007 is double the number seen last year Reuters [JAKARTA] The Jakarta Stock Exchange aims to double the number of new listings this year and should top the more than US$2BO million raised via initial public offerings (IPOs) in 2006, the bourse's president
      Reuters; AFP  -  550 words
    • Article
      Lock icon BCorp may delist Berjaya Capital
      200 17 [KUALA LUMPUR] Berjaya Corp Bhd (BCorp) says it is contemplating delisting its 65.22 per cent-owned subsidiary, Berjaya Capital Bhd, Malaysia's Business Times reported on Saturday. BCorp has requested Beijaya Capital to apply for a trading suspension for three market days beginning today. In a statement
      200 words
    • Article
      Lock icon MMC, Saudi partner get approval to list mega project
      322 17 (KUALA LUMPUR] MMC Corp Bhd and its partner in the massive US$3O billion Jizan Economic City development project in Saudi Arabia, the Saudi Bin Laden Group, are believed to have secured a preliminary approval by the relevant authorities to list the
      322 words
    • Article
      Lock icon Jakarta to sell 30% stake in Bank Negara in July
      381 17 Bloomberg [JAKARTA] Indonesia plans to sell a 30 per cent stake, worth 8.8 trillion rupiah (Ssl.s billion), in PT Bank Negara Indonesia in July. The sale of the stake in the nation's third-biggest financial services company will consist of 15
      Bloomberg  -  381 words
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      1392 17 NOTICE OF EXTRAORDINARY GENERAL MEETING J CHINA ENERSAVE LIMITED (Company Registration Number *****6776 D) ENERSAVE Incorporated in the Republic of Singapore) I Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 14 May 2007 issued by China EnerSave Limited. NOTICE IS
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  • INDIA
    • Article
      Lock icon India-US nuclear deal threatens security: petition
      383 18 Suit demands full texts of agreement be made public AFP [NEW DELHI] India's Supreme Court is to hear a petition which says the country's landmark civilian nuclear deal with the US could threaten national security, a report said on Saturday. The suit, lodged last
      AFP  -  383 words
    • Article, Illustration
      Lock icon Rate hikes' impact on India growth not serious
      734 18 Strong corporate sector suggests underlying trend still robust Reuters [MUMBAI] Indian consumers may be feeling the effects of a year of interest rate rises, but full corporate order books and strong investment spending suggest the economy has lost only a bit of
      Reuters; AFP  -  734 words
    • Article
      Lock icon Stanchart buys 49% of Indian broker for US$36m
      157 18 Reuters [MUMBAI] Asia-focused British bank Standard Chartered pic has agreed to bliy a 49 per cent stake in small Indian brokerage UTI Securities Ltd for US$36 million, local media reported on Saturday, quoting unidentified sources. Standard Chartered, which in January sold its
      Reuters  -  157 words
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      469 18 I Join the world's fastest growing profession. According to career world "Hot Jobs in Teaching". ESL is one of the 3 areas with the most demand for teachers. This is an Exciting Time For Certified Master English Teachers as jobs advancement are many varied. There is a shortage of people
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      15 18 J Radio 100.3 is managed by SPH Unionworks, a subsidiary of 1U Singapore Press Holdings
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      17 18 yn r■L JC2s«L?^^Cpr<s Radio 91.3 is managed by SPH Unionworks, a subsidiary of ®BP Singapore Press Holdings
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      33 18 Joining forces? i wftllfe t k-;j, ;r 4 Announce the good news. Call 1800 289 8822 or email notices@sph.eom.sg to book your corporate notice in our newspapers now. K ATS NOTICES f w.
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  • GREATER CHINA
    • Article
      Lock icon Barclays in deal to buy 20% of trust firm: report
      127 19 AFP [SHANGHAI] Barclays Bank has signed an agreement of intention to buy a 19.9 per cent stake in China's Xinhua Trust and Investment Co, state press said on Saturday. The deal would make Britain's third largest lender the first foreign
      AFP  -  127 words
    • Article, Illustration
      Lock icon China industrial property lures global investors
      570 19 Foreigners pile in, attracted by logistics boom and strong retail growth Reuters AFP [BEIJING] Efforts to cool China's real estate market have failed to deter global industrial property investors, who continue to flock to the world's fourth-biggest economy amid a logistics boom and strong
      Reuters; AFP; AP  -  570 words
    • Article, Illustration
      Lock icon STARRY STARRY NIGHT
      70 19 [MACAU] The Crown Macau, a joint venture between Hong Kong-based Melco International Development Ltd and Australia's Publishing Broadcasting Ltd, was lit up on the night of its grand opening last Saturday. Attending the opening ceremony were (from right) Lawrence Ho. co-chairman and CEO of Melco PBL Entertainment;
      PHOTOS: BLOOMBERG, AP  -  70 words
    • Article
      Lock icon China keen to join integrated patent system
      217 19 AFP [TOKYO] China will join Japan, the US, Europe and South Korea in efforts to create an integrated patent system, a report said on Saturday. In a weekend meeting in Hawaii, patent commissioners from the countries concerned were due to agree on China's
      AFP  -  217 words
    • Article
      Lock icon Top China negotiator becomes Taiwan premier
      393 19 Chang Chun-hsiung to replace Su Tseng-chang Reuters [TAIPEI] Taiwan will choose its top China negotiator as its next premier for lack of other job candidates as the former premier leaves to ease tension in the ruling party ahead of the 2008 presidential race, a
      Reuters  -  393 words
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      50 19 Rjj m it 11 B 11*1. tlofliJiilßl J Al> H > !|W| uwraul 1 > wmtmf ig^^ THIS MAY... The Surprise Food To Eat Lose Weight!: PLUS... The health threat you can't ignore How to burn fat all day Pick the best new running shoes WIN $10,000 worth of Triumph
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  • MIDDLE EAST
    • Article
      Lock icon Dubai to double investment in Bawadi project
      135 20 Bloomberg [DUBAl]'Dubai will double its investment in Bawadi, a Las Vegas-style development in the desert, to 200 billion dirhams (5582.7 billion), the project's owners Dubai Holding LLC said in a statement on Saturday. The entertainment strip, which Dubai dubs the world's largest shopping
      Bloomberg  -  135 words
    • Article, Illustration
      Lock icon Saudi fixed-price IPOs may be on way out
      792 20  -  Recent sharp share price falls making book-building system a more attractive choice By HABIB SHAIKH [JEDDAH] The practice of fixedprice initial public offerings (IPO) in Saudi Arabia might be changed to a book-building system where pricing on the first day is dependent
      792 words
    • Article
      Lock icon Malaysia-Qatar bilateral trade grows
      202 20 Bernama [DOHA] The improvement in bilateral relationships between Malaysia and Qatar has seen a growth in total bilateral trade, increasing to nearly U*****.9 million in 2006 from U*****.6 million in 2005, Malaysian Ambassador to Qatar Ku Jaafar Ku Shaari said. He said the good ties had
      Bernama  -  202 words
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      59 20 I 1 Wfmll£34,. BWii d| Hte sN*i J MM MB MH i I 'M BTIWI Biin r J v e/ ti Diners Club Card r<,wfc«J64i6ow Privileges Treats (S> T Charting directions Fig Ollv« All outlets. T#l: 6336 4400 10% off total bill with a min. spending of $50 Only when
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      90 20 nfl W&-- sg 1 P'P'i'iV'PVPHP Amazing Graze ■R D—our il true ci jhwifw md Imlfit tlit jwi^yiii. K or M 4-h- Champagne Gato Negro b v Enjoy BBQ Peking Duck through ingenious ways of cooking white meat that brings out its exquisite taste. Date: 1 to 31 May Whole bird
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon STOCKS ASIA
      2847 21 Transaction date: May 11 For a full listing of the closing prices, log on to BT Online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG v.i HKS +1- 000 Aeon Credit 6 JO -0 29 34 Aeon Stores 9.68 unch 0 Angang Steel 16.96 -0.08 6525 Anhui
      2,847 words
    • Article
      Lock icon S Korea's corporate crusader urges better governance
      589 21 AFP [SEOUL] Corporate crusader Jang Ha Sung, who works to shake up South Korea's powerful familycontrolled business groups, admits he is hated by both bosses and unions. "I am a target of hatred from both management and workers. Labour unions have branded me
      AFP  -  589 words
    • Article
      Lock icon More twists ahead on a wild market ride
      831 21  -  Roller coaster action leaves investors queasy about an upward climb WALL STREET INSIGHT By ANDREW MARKS in New York WITH the economy bouncing between contradictory "just right" data like last Friday's mild core producer price index, on the one hand, and Thursday's
      831 words
    • Article
      Lock icon Reuters trustees set to back Thomson bid: paper
      173 21 Reuters [LONDON] The Independent yesterday reported that the Reuters Founders Share Company, the trust that acts as guardian to the editorial independence of Reuters Group Pic, is set to back a proposed takeover of the media group by Canada's Thomson Corp. "It
      Reuters  -  173 words
    • Article, Illustration
      Lock icon Wolfowitz's future hangs in the balance
      428 21 AFP [WASHINGTON] The World Bank executive board is expected to deliver its verdict this week on the future of embattled bank president Paul Wolfowitz who faces demands to step down over nepotism allegations. With Mr Wolfowitz's fate in doubt, the 24-member board convenes tomorrow
      AFP  -  428 words
    • Article
      Lock icon Citigroup restructures forex business
      246 21 Bloomberg [NEW YORK] Philippe Illien, who oversaw foreign exchange sales to asset managers at Citigroup Inc, has left the biggest US bank as part of a restructuring of the foreign exchange operation. In memos obtained by Bloomberg News, Citigroup announced a series of personnel changes effective
      Bloomberg  -  246 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Maersk jack-up rig set to fly Singapore flag
      543 22  -  It leads the way for at least 20 more Maersk vessels this year By CONRAD RAJ [SINGAPORE] Denmark's Maersk group may have moved the bulk of its shipping operations to Malaysia's Port of Tanjung Pelepas (PTP) but Singapore remains an important ship
      FILE PHOTO  -  543 words
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      Lock icon Qantas foreigner limit to be enforced: DPM
      464 22 Last ones on to be first ones off if 49% cap is breached AFP [SYDNEY] Australian airline Qantas is still to determine whether it has broken the law after a failed takeover bid pushed the limits of foreign ownership, Deputy Prime Minister Mark
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2327 22 CUT FUOT ETA RJ6MT HP AfcaPfcaM SQ455 1230 A<ll»Hl LH9771 1750 LH9770 2345 S0268 1750 5Q268 2345 —lldll L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 MB 1555 SQ324 2345 Htmm SO348 0100 Mtartl AC5202 2335 AC5203 0645 UA895 233S UA896 0645
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      Lock icon PSA signs deal to run Turkey's Mersin Port
      161 22 Reuters [SINGAPORE] Singapore's PSA International. the world's No 2 ports firm, and Turkish conglomerate Akfen Holding have signed an agreement to operate Turkey's Mersin Port, the firms said on Saturday. The two companies will operate Mersin, a port on Turkey's Mediterranean coast,
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      541 22 STRAITS TIMES INDEX STOCKS Stock name Wt dose Change Alkyeen 0.52 1.770 Ascendasreit 0 98 2.740 >0.050 CapitaComm 0.60 2.980 -0.020 Cap<taLand 5.20 8 1 SO -0.250 CaprtaMall 109 4 220 0 040 Chart SemiCond 0.65 1 240 CityPev 3.16 16.800 -0.200 Comfort DelGro 1.53 2.220 -0.120 CoscoCorp 0.85 2.640
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      Lock icon Johor ferry terminal to be tourist arrival hub
      233 22 Bernama [JOHOR BARU] The Johor port authority, or LPJ, plans to turn Tanjung Belungkor ferry terminal into a main entry hub for Indonesian and Singaporean tourists to Malaysia. Its chairman, Abdul Halim Sulaiman, said that senior officials from both authorities LPJ and
      Bernama  -  233 words
  • Page 22 Miscellaneous
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      203 22 CRYPTIC CROSSWORD places in Ireland (5-4) DOWN becoming a nuisance! (9) YESTERDAY'S SOLUTION 2 Criminal's expenditure almost Sensational people running the Across: 4Go places, 8 Patina, 9 entirely on wife (6) company. Kight. (y) Vagrants, 10 Nickname, 11 Entrap, 3 Writer who makes his mark (6) 16 He| P t0
      203 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11389 23 SGX MAINBOARD Week ended: May 11 52-Wk T«l Last Vol W«ck Last Quote Drv GrVtd N«t MCap High Low Cod* Company Ml COOP) High Low fciyr Sa«f C»r P/f Sm* 3 ,1 I 2 T 8293 I," „i li 4, ,3 164 575 34 20 5834 A-Sonic .24
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    7212 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr > dy *yr May 11 Index Change Change Change Change Change Change World Index Preliminary 1170.5 0.4 6.3 0.4 6J 0.4 73 EAfEPiielwiinaiv 1179.1 0.1 6.5 02 6.8 03 8.0 Europe Preliminary
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      1406 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NCX7SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Molaysio, Indonesia MIDDLE-EAST SERVICE RE./S.E.A. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Molaysio, Indonesia OTHER SERVICES Tramping for
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      641 25 likwrama who wtvKa ygsa/vor twnni hbghtctu wo km 10 sm jkt STtAITS EXPRESS 10 X 4.0 11/05 17/05 20/05 22/05 IAUfTMAUAN KOHO StRVICI ypsa/VOY KAMrom hbohtw I LP I SM I Ml STD AM re DKESOEM/M3 100 5.0 21-21/04 0545/05 07-07/05 M-10/05 12-12/05 14-14/05 rosmvfittoa/oio 100 5.0 12-12/ M 24-24/05
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      1392 26 |~gn EASTERN CAR LINER, LTD jy l SPECIALIZE IH RORO HEAVY LIFT UPTO 450 TOWS~| VOY «w(KT) LIfH—(KT) SIM fKI PUN JUT MUA 5 OKIENT IMS W 35 10 M/OS 16/05 IS/05 com HEW 77 50 SO 24/05 27/05 ESTRELIA ETERNA 145 60 ~mT 31/05 38HH 1» g "ST7BT (M
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      855 26 m aaaaw WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN >CD POINTS nssa I wt I sm I pkujig coiomio I n shew I colomo ma ISM*T 16 mr imv aw 11M mstm urn zim m sua omm qsjun UUIVGAtIPHI 01MW WHAT XWY MJU* 06JUN IBJUjj AISO
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  • THE BUSINESS TIMES SHIPPING TIMES
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      6659 27 Hill Hill j llll "A Adv*rth«r VmhI Voyage Telephone SIN Oafn Nan* Mmm Number Number To ABIDJAN (ABJ) 2003 Cote D'lvolre 22/05 25/06 Del mas DELMAS CAMEROUN 721W *****344 30/05 02/07 Delmas DELMAS LIBREVILLE 722W *****344 30/05 10/07 Mm* DELMAS LIBREVILLE 722W *****344 07/06
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      513 27 IVISSII VOY I PKL I SIN I KHI DXB l*» PMM BIK KH6 IRAN TA&ATABAiI PCLBI9B 18/ OS 17/05 26/03 29/03 30/03 03/06 07/06 09/06 IRAN SAABAII PC LI 199 24/03 23/03 03/06 06/06 07/06 13/06 13/06 17/06 IRAN SATTARI PCLB2OO 1 31/03 01/06 1 10/06 13/06 14/06 20/06 22/06
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      396 27 m I a Ite 11 gttjflr iwii ilyel 1 m mira wi w/w w/w flh rifti Ab Wb— *n ft Bto BSir™F==BaF==E==E= Ifß HSH S il fkwwi ww;/ nyw wyw 1 roBSHfIB Sifl M/ 61 oi/M SIHARMU 204 19/05 ii/Oi PA< HA TUNA Hlo4> I 27/05 02/0* 06/06 78/05 VHSU
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      364 27 Iffe GLORY luinGATlim groupl r** feJMfc* I SINCE 1970 I I OWNS A OPE RATI S THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVIRINO I THE ENTIRE ASIA PACIFIC PORTS HOUUIWIIKLY MRVKIS: a KAOHSIUNO A CHINESE PORTS, HONO KONO I TO MOM I I SOUTHEAST ASIA I
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  • BizIT
    • Article, Illustration
      Lock icon TCS grows by 80% in Singapore
      895 29  -  It is growing fastest in Asia-Pacific including Japan, expanding by 48% year-on-year for the last three years, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY TATA Consultancy Services (TCS), Asia's biggest IT services company, grew by over 80 per cent in Singapore in fiscal 2007,
      895 words
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      Lock icon Japan to set up test zone for next-gen wireless tech
      234 29 AP [TOKYO] Japan will set up an experimental high-tech wireless zone on one of its islands next year, where sensors will allow doctors to remotely monitor the health of the elderly and alert motorists to nearby pedestrians, a news report
      AP  -  234 words
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      Lock icon Stronger digital media focus at this year's imbX
      276 29  -  New exhibition, CG and animation festival at event By ROLAND LIM INFOCOMM Media Business Exchange (imbX), one of Asia's largest infocomm and media trade events, will have a stronger focus on digital media this year, with new exhibitions and programmes in this
      276 words
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      Lock icon HTC signals new era with Dopod buy
      491 30  -  It expects 100 per cent growth in South-east Asia this year, writes ROLAND LIM ROLAND LIM SMARTPHONE designer and manufacturer HTC is betting that its acquisition of its customer Dopod International Corp will help double sales of its devices in the region this
      491 words
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      Lock icon HP set to cast bigger Voodoo spell on Asia
      583 30  -  By WINSTON CHAI in Shanghai COMPUTER giant HewlettPackard (HP) will make a bigger play for the high-end gaming market in Asia by stepping up the promotion around one of its lesserknown PC brands Voodoo. HP acquired US-based Voodoo PC in September
      583 words
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      Lock icon HP chief to make maiden visit to Singapore
      464 30  -  By WINSTON CHAI in Shanghai TWO years after taking over as the chief of HewlettPackard (HP), Mark Hurd looks set to make his first visit to Singapore. Sources close to the company told BizlT that the CEO of the world's largest computer
      464 words
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      Lock icon <what's up>
      250 30  - &lt;what's up&gt; Compiled by ROLAND LIM Linksys appoints new APac head THE managing director for Cisco's Singapore and Brunei operations, Craig Gledhill, has been promoted to head of Asia-Pacific operations of Linksys, a division of Cisco that targets the consumer and small and medium sized business market. As the Apac
      250 words
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      Lock icon Protecting your brand in Asia
      801 30  -  &lt;you say&gt; By JOHN EDWARD MATHESON RECENTLY, two of the most esteemed technology companies, Apple Computer and Cisco Systems, engaged in a tussle over rights to the trademark "iPhone". The resulting wrangle represented a distraction from Apple's announcement of its latest "must-have" gadget. Why all
      801 words
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      343 30  - &lt;what's new&gt; Compiled by ROLAND LIM New sounds from Bose BOSE has released new on-ear headphones and in-ear earphones for both home and outdoor use. The $179 in-ear earphones are designed to fit comfortably in your ears with the help of different sized silicone ear tips, and features Bose's TriPort
      343 words
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      353 29 &lt;yousay&gt; Protecting your brand in Asia PAGE 30 nBH jtan Auvn&lt; oak~- &lt;.&lt;-:&lt; E; j USfft PttNTU 1 -sbb- imagine success and performance packaged into 1 r l 3 ,m our printing solutions sj| Power-packed with many options for success. Industry-changing innovations, SBM r| fast speed printing, enhanced solutions and
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  • BizIT FOCUS
    • Article, Illustration
      Lock icon Taking e-govt to the next level
      1499 31  -  Globalisation has made it imperative for S'pore to roll out more 'citizen-centric' e-govt services, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE concept of e-government has been around for more than a decade. Many countries, like Singapore, have developed highly acclaimed systems which help
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      Lock icon Governments save by outsourcing projects
      609 31  -  They can avoid operational and infrastructure costs By ROLAND LIM HAVING seen other governments reap the benefits of standardising and outsourcing parts of their IT infrastructure, it comes as no surprise that governments in various countries, including Singapore, are looking to do likewise. Common objectives
      609 words
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  • BT ADVERTORIAL: HP SERVICES SPECIAL
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      Lock icon Powering the heart of your business
      1766 32 Business optimism is running high as economies around the world look set for a renewed cycle of growth. Companies are moving at breakneck speeds to ride the Bull Run by putting new business plans in place while maintaining a watchful eye over operational costs.
      HEWLETT-PACKARD  -  1,766 words