The Business Times, 28 May 2007

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Total Pages: 44
1 44 The Business Times
  • 20 1 The Business Times Monday, May 28,2007- online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents
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  • 943 1  -  UOL, Kheng Leong, UIC, SingLand have spent $1.84b since 2005: study By KALPANA RASHIWALA [SINGAPORE] Companies controlled by Wee Cho Yaw have been the biggest buyers of collective sale sites since 2005. The companies UOL Group, Kheng Leong, United Industrial Corporation and
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  • 666 1  -  SGX can become preferred site for IPOs, says Ernst By CHEN HUIFEN {SINGAPORE] Biotechnology firms are increasingly looking beyond their own shores to list their shares, and the trend could potentially make Singapore a preferred site for Chinese biotech firms to do so. This prognosis came
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  • TOP STORIES
    • 616 2  -  There are now more than 70 foreign banks with branches in China, including DBS, OCBC and UOB By CONRAD TAN [SINGAPORE] Foreign banks in China expect their revenue in that country to grow 20 per cent or more this year, according
      AP  -  616 words
    • 550 2  -  Novel scheme pegs a variable bonus to staff fitness By CHEN HUIFEN [SINGAPORE] Becton Dickinson Critical Care Systems is so serious about encouraging healthy lifestyles that it has pegged the fitness level of its staff to a variable bonus possibly a first among
      550 words
    • 482 2  -  By RONNIE LIM [SINGAPORE] ExxonMobil, the world's largest oil company, is planning to build its first specialty elastomers plant in Asia as part of its planned second multi-bil-lion dollar petrochemicals complex in Singapore. The proposed new downstream plant at the Jurong Island complex "will
      482 words
    • 164 3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to httpV/business-times. asial ,com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS WMk Chge STI 3486.63 -.-25.77 KLCOMP .....1339.08 -17.76 NIKKEI 225 *****.21 +81.63 HANG SENG *****.66 -384.18
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    • 664 3  -  China selloff, fears of US recession and inflation lead to net sales of US$382m By CHUANG PECK MING [SINGAPORE] Singapore investors ended up as the biggest Asian net sellers on Wall Street in the first quarter, following the big sell-off
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    • 524 2 Call to name World Bank chief on merit FOLLOWING Paul Wolfowitz's forced resignation, revolt over the automatic choice of another American national as president of the World Bank erupted into the open yesterday when the finance ministers of Australia, South Africa and Brazil issued simultaneous statements calling for
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    • 601 3  -  Three finance ministers weigh in on debate openly By ANTHONY ROWLEY in London REVOLT over the automatic choice of an American as president of the World Bank erupted into the open yesterday when the finance ministers of Australia, South Africa and Brazil issued
      AFP  -  601 words
  • Page 2 Advertisements
    • 56 2 see thefrffy picture iThink\*»»* Evans Peck will be running 2 workshops designed for beginners and those with some modelling experience to equip them with the knowledge to explore real business problems using STELLA and iThink. The leading facilitators have won numerous awards and commendations across various industries including Defence, Health
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    • 17 2 people Gi ;rr" Call us. Www 11(Ih.iIwork com Asia P.ic i'k I xeculive Seat< I River Sand
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  • Page 3 Advertisements
    • 85 3 I iWmEMBBBBm UEHBHHHH 1 hihhhhbih V I 1 jjSpy' jfljgfLi ll ill ||ii§ mi a i HnHIUS ihillliW L ißßlnii I i Since 1856, we have focused on bringing new perspectives to our clients, Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a
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  • COMPANY NEWS
    • 703 4  -  HOCK LOCK SIEW By OH BOON PING LAST Wednesday, cinema group Eng Wah Organization announced that it would be bought out by biotechnology firm Transcutaneous Technologies Inc (TTI) in a $675 million reverse takeover deal. The takeover will give the privately held TTI an
      ARTHUR LEE  -  703 words
    • 453 4  -  They say directors' 'control' charge 'unwarranted' By DONALD URQUHART THE Yellow Pages squabble continues with the two major shareholders at the centre of the boardroom battle again denying they are trying to wrest control of the company by ousting four independent directors and the
      453 words
    • 201 4 Reuters INDOFOOD Agri Resources Ltd said on Saturday it plans to buy Indonesian plantation firm PT London Sumatra Tbk (Lonsum) for up to $1.6 billion. Indofood Agri, the plantation arm of Indonesia's largest instant noodle maker PT Indofood Silkses Makmur Tbk,
      Reuters  -  201 words
  • Page 4 Advertisements
    • 673 4 I Blfll SOUND GALLERY —-——i Audio Visual Specialist SPACBS A 4000 square feet showroom, with 5 dedicated demo rooms, giving you all the sound you need, all at one location. wmm Array of award-winning designed 5.1 Home Theater Systems to blend in with your modern lifestyle. Facilities allowing us to
      673 words

  • Page 5 Advertisements
    • 148 5 JKfI&M ■f fICZ J i A t .jj we're here to help. Ife 1 ■V. -.:> *WV :>^~ J y Business trips can be exhausting. You're on a tight schedule, and probably unfamiliar with your surroundings. Which is why at f our serviced residences, we're here to ensure your stay
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  • SINGAPORE MARKETS
    • 621 6  -  STOCKS TEH HOOI LING Senior Correspondent THREE more days to the end of May. The much dreaded correction, which caused severe anxiety to many market participants in May last year, did not occur. Instead, indices around the world went on to
      Compiled by BT with data from Thomson Financial Datastream  -  621 words
    • 419 6 AFP [HONG KONG] Asian currencies ended last week edging higher against the US dollar, though improved sentiment towards the greenback held back a minority of local units. Japanese yen: The yen stood flat to firmer in the past week after investors sold the US
      AFP  -  419 words
    • 2075 6 Consensus No.of Forecast Mean Fri's 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 26.63 1.51 1.34 Allgreen Properties 2.78 2.89 9 8.18 22.26 1.72 1.85 Allied Technologies 2.50 2.50 2 2.30 5.65 0.14
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    • 1265 6 Payment Ex look! Pay (cts) M• sim 4e$t_ ABR Hldgs F 0.50 08-May 11-Ma, 28-May ABR Hldgs S 0.50 08-May 11-May 284Aay Adampak a 5.00 07-May 10-May 18-Jkm Adampak F 1.00 07-May 10Way 11-iun Adv Integrated 0.18 23-May 28-May 13-toi Advance SO y 0.50 07-May ICVMay 2*May Advanced
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  • COMPANY NEWS
    • 588 7  -  Market leaders stand to gain from huge rural markets, UBS says By SIOW LI SEN EMERGING Asian telcos, in particular those in China and India, continue to be good growth stocks, while Singapore telcos remain safe bets for investors, ÜBS analysts say.
      588 words
    • 363 7  -  By UMA SHANKARI INSTEAD of the usual construction hoardings, Wheelock Properties is setting up an art gallery to promote contemporary Singapore artists at the site where it is building Scotts Square, a luxury 43-storey residential and retail development. The Wheelock
      363 words
    • 217 7  -  By JANICE HENG AFTER coming under fire at the company's annual general meeting last month, Genting International's directors' fees may be called into question again at an extraordinary general meeting today even though the subject is not on the agenda. Minority shareholder Toh
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  • Page 7 Advertisements
    • 203 7 "Excellence in blending whisky isn't simply a matter of training. It has to be in your DNA." The Scot Rachel Barrie from the Glenmorangie distillery is the first woman to earn the title "Scotch Whisky Master Blender." With her extraordinary sense of taste and smell, she focuses above all on
      203 words

  • SINGAPORE MARKETS
    • 1422 8  -  TEH HOOI LING Senior Correspondent A ALL our portfolios advanced despite the slight weakness in the Straits Times Index and the stagnant UOB Sesdaq Index. The one-month top winners portfolio chalked up the biggest rise of 2.7 per cent thanks to gains in PSL,
      1,422 words
    • 1372 8  -  INSIDE MARKETS By ROBERT HALILI TRADING activity by directors and substantial shareholders was low last week with only 48 trades worth $20 million based on filings on the Exchange from May 21 to 25. This was sharply down from the previous week's
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    • 549 8 STRAITS TIMES INDEX STOCKS Stock Mm* m Oom Oianp itodinww «W Oot* Qtanqt Stotfcaaim w eM Om** Allien 0.54 1850 *0030 JMH 2.70 23.200 -0500 5PH 2-85 4400 -a020 Axendasreit 093 2650 0 040 J5M 1.90 14.100 -0.500 STtngg 1 50 3.S20 -0 040 CaprtaComm 0 58 7930 <5010 JardineC&C
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  • SINGAPORE NEWS
    • 556 9  -  Fossil fuels set to continue as mainstay despite buzz over renewable sources By MATTHEW PHAN IMAGINE making sand out of carbon dioxide, or pumping gas underground to enhance yields at existing natural gas fields scientists from oil giant Shell say that such technologies are
      556 words
    • 236 9 DATE/ TIME EVENT VENUE 14 May- Designing Leisure URA Centre Main 1 Jun 07 Inspirations from Atnum 8.30am The Marina Bay Sands 28 May 07 Multiliteracies: Connecting Suntec Convention 8.00am with the Language Centre Classroom 28 May 07 Parenting with Confidence St Andrew's Centre, 7.00pm Workshop 250TanjongPagarRd 29
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    • 359 9  -  By CONRAD TAN MAYBANK is launching today a structured deposit with returns that are linked to palm oil prices traded on Bursa Malaysia. Its two-year Regal Structured Deposit is prin-cipal-guaranteed if held to maturity and pays a fixed return of 4 per cent
      359 words
  • Page 9 Advertisements
    • 138 9 -—m—* .0- t. You feel things others can't begin to imagine. m You cherish not what you have but those you have around you. 9* 1 You know that wealth is about more than just money. r > That's why you live the privileged life. 0 ■nihS Hi**?* is 4
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  • Page 10 Advertisements
    • 4320 10 Cats Notices LBEBW Landesbank Baden-Wurttemberg Head Offices: Stuttgart: P.O. Box 10 60 49 D-***** Stuttgart; Karlsruhe: D-***** Karlsruhe Schlossplatz 10/12; Mannheim: P.O. Box 10 03 52 D-***** Mannheim Singapore Branch: 25 International Business Park #01-72 German Centre, Singapore *****6 Consolidated Balance Sheet Consolidated Statement of Income (EUR amounts in thousands)
      4,320 words
    • 377 10 IN THE MATTER Of THE COMPANIES ACT, CAP, SO IN THE MATTER Of DOLCEN AGENCIES PTE LTD NOTICE Of SPECIAL RESOLUTIONS FOR MEMBERS'VOLUNTARY WINDING-UP [PURSUANT TO SECTION 290(1 Kb)] At an Extraordinary General Meeting of the members of the Company held on 23 May 2007 at 170 UPPER BUKfT TIMAH
      377 words
    • 392 10 COOPERHEAT SOUTH EAST ASIA PRIVATE LIMITED (Company Registration No *****1421H) (in Voluntary Liquidation) NOTICE IS HEREBY given pursuant to Section 308 (2) of the Companies Act, Cap 50 that the Final Meeting of Members of the abovenamed Company will be held at Lot 6392, 2nd Mile Jalan Batu Tiga Lama
      392 words

  • DINING OUT
    • 1446 11 NEW RESTAURANT Spring Ju Chun Yuan 130 Amoy Street #01-01 Far East Square. Te1:6536-2655 LEGEND goes that during the Qing Dynasty, a top Chinese scholar was invited to dinner at a famous restaurant in Fujian province known as Ju Chun Yuan. It was a
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  • Page 11 Advertisements
    • 700 11 r iPt" N x < %HSCMIWPy < Ra bo Jet Certs Series 1 will be launched on the Singapore Exchange Securities Trading Limited (SGX) on 7™ June 2007. Linked to the share price performance of DBS Group Holdings Ltd, Capita Land Limited, Singapore Telecommunications Limited and Singapore Airlines Limited Daily
      700 words
    • 4 11 Ecco il nuovo Domvs!
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  • VIEWS FROM THE TOP
    • Article, Illustration
      3402 12 THIS WEEK'S TOPIC Right direction Lim Khoong Hong President Wincor Nixdorf Asia Pacific COMPANIES would do well to realise that corporate philanthropy is not just about giving monies to an adopted charity once a year but, instead, needs to become an integral part of their business culture. I
      3,402 words

  • Page 13 Advertisements
    • 49 13 +65 6431 4 ÜBS ÜBS is a premier global financial services firm offering wealth management, asset management and investment banking services to individual, corporate and institutional investors. ÜBS is headquartered in Switzerland and operates in over 50 countries and from all major financial centers. ©ÜBS 2007. All rights reserved.
      49 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 890 14  -  DANIEL BUENAS takes a look at some warning signs that should help investors spot trouble before it arrives DANIEL BUENAS IN his Gothic fiction tale The Tell-Tale Heart, Edgar Allan Poe tells the story of a genderless narrator who commits a murder and tries to
      890 words
    • 818 14  -  CAMPUS LIFE Elvis Chiu meets people with an entrepreneurial bent at an Israeli college, LIN ZHAOWEI reports LIN ZHAOWEI MANY people are wary about visiting Israel, given the constant media coverage on the unstable Middle East situation. But for Singapore Management University undergraduate
      818 words
  • Page 14 Advertisements
    • 251 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
      251 words

  • ECONOMY WATCH
    • 486 15 Sources say gap between rich and poor countries remains wide Reuters [GENEVA] Major global trade talks on cutting goods tariffs were reported blocked on Friday, heightening gloom among negotiators over prospects for a successful outcome to the World Trade Organisation's Doha Round. Trade
      Reuters  -  486 words
    • 445 15 Bloomberg [KARACHI] Pakistan's economy may expand as much as 7.2 per cent this fiscal year because of a record wheat harvest and higher cement and sugar production, the central bank said. The US$l29 billion South Asian economy could surpass the government's 7 per cent growth
      Bloomberg  -  445 words
    • 806 15 Washington talks overshadowed by lack of progress on key issue of yuan Reuters [WASHINGTON] High-level economic talks between China and the United States last week failed to ease trade rifts between the two economic giants, risking rising tensions ahead of the race
      Reuters; AP  -  806 words
    • 478 15 AP [LONDON] The United States is preparing to reject new targets on climate change at a Group of Eight (G-8) summit next month, according to a document leaked by environmental campaigners. The stand will dash German and British hopes of brokering
      AP  -  478 words
  • Page 15 Advertisements
    • 1 15 '-'jf
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    • 77 15 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
    • 165 15 Citi Private Bank We are delighted to present to you our latest achievement It is with pride that we receive this award of excellence and with thanks that we dedicate it to our clients for placing their faith in us. This distinction is an affirmation of the promise we uphold
      165 words

  • MALAYSIA/INDONESIA
    • 242 16 Reuters [KUALA LUMPUR] The recent strengthening of the Malaysian ringgit against the dollar does not pose a problem for the country's export competitiveness, Second Finance Minister Nor Mohamed Yakcop told reporters yesterday. "At this point of time, we do not have a
      Reuters  -  242 words
    • 633 16  -  MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent simply don't think it's viable. Let's forget about the logistics of taking a pipeline through the mountains, the hassles of separate negotiations with three governments and take note of just one statistic: the cost of storage
      633 words
    • 263 16 Reuters [KUALA LUMPUR] US private equity firm Newbridge Capital may scrap plans to buy a fifth of Malaysian lender EON Capital because of disagreement on pricing, a newspaper reported last Saturday. Malaysian auto and banking group DRB-Hicom, which owns 20.2 per
      Reuters  -  263 words
    • 360 16 320-km pipeline will help ships from Mid-East avoid busy Malacca Strait Reuters [KUALA LUMPUR] Indonesia's Bakrie Brothers has won a contract to supply steel pipes for the development of a US$7 billion crude oil pipeline across the northern part of peninsular
      Reuters  -  360 words
  • Page 16 Advertisements
    • 1818 16 Standard Chartered Standard Chartered PLC (Incorporated in United Kingdom) Head Office: 1 Aldermanbury Square, London EC2V 7SB Audited accounts for the year ended 31 December 2006 Consolidated Balance Sheet Consolidated Income Statement As at 31 Dtcmiber 2006 For the year ended 31 December 2006 2006 2005 3096 2025 USSmillion USSmillion
      1,818 words

  • GREATER CHINA
    • 313 17 Bloomberg [BEIJING] China, the world's second-biggest energy consumer, said it will tighten approvals for power, coal and metals plants and stop bank loans to illegal projects, in an effort to meet its energy-saving target and cool the economy. The central government will ban local authorities
      Bloomberg; AFP  -  313 words
    • 183 17 [BEIJING] Major state-owned enterprises in China saw their profits, a main source of funding for new investments, rise nearly 35 per cent in the first four months of the year, state media said yesterday. The top 424 state companies reported combined profits of
      183 words
    • 235 17 Life insurer expands share capital by 42.6% Reuters [SHANGHAI] US investors, including private equity firm Carlyle Group, have acquired a combined 19.9 per cent stake in China Pacific Insurance (Group) Co by subscribing to the insurer's new share offer. China's third-largest life
      Reuters  -  235 words
    • 589 17 Ministries debating terms of agency, which will not do takeovers: official Reuters [BEIJING] Investors waiting for a chunk of China's foreign exchange reserves to hit global markets can relax for a while: Beijing has not yet decided what the new investment
      Reuters  -  589 words
  • Page 17 Advertisements
    • 84 17 I fi I jj Carnival 5.00pm Fun rides, games and food stalls galore Horse patting and photo-taking Trial gallops of racehorses Colouring contest Plus balloons and more! Concert: At 6.30pm, Parade Ring Featuring celebrity host Moses Urn, local singing sensation Kaira Song, Suria TV winner Imran Ajmain, Singapore Idol finalist
      84 words

  • INDIA
    • 221 18 [NEW DELHI/MUMBAI] In a departure that could lead to a revamp at Tata Teleservices, the company yesterday announced that its American-born chief executive officer Darry Green has quit. The departure of the highprofile executive comes at a time when the company is trying hard to
      221 words
    • 238 18 Reuters [MUMBAI] India's Housing Development Finance Corp has decided to sell shares to private equity firm Carlyle Group and Citigroup, joining other firms seeking funds to meet robust demand in India. HDFC, India's largest mortgage firm, will sell 18 million shares, or
      Reuters; AFP  -  238 words
    • 212 18 Reuters [MUMBAI] Four top executives from international brokerage CLSA India have resigned to join retail brokerage India Infoline Ltd, in the latest wave of job changes in the country's hot financial sector. The exodus is expected to shake the operations of the
      Reuters  -  212 words
    • 411 18 Bank likely to launch IPO for ICICI Holdings within the current year Economic Times [NEW DELHI] ICICI Bank, in which Singapore investment company Temasek Holdings has a stake, has sought the approval of the Foreign Investment Promotion Board (FIPB) to
      Economic Times  -  411 words
  • Page 18 Advertisements

  • MIDDLE EAST
    • 498 19 Some fear a race for atomic weapons in world's most volatile region LAT-WP [VIENNA] As Iran races ahead with an illicit urani-um-enrichment effort, nearly a dozen other Middle East nations are moving forward on their own civilian nuclear programmes. In the latest
      LAT-WP  -  498 words
    • 330 19 AFP Reuters [LONDON] Britain's prime minister-in-waiting Gordon Brown refused on Saturday to rule out military action against Iran over its programme of nuclear enrichment, the BBC reported. Mr Brown, seen as less hawkish than outgoing premier Tony Blair, said he believed that the
      AFP; Reuters; REUTERS  -  330 words
    • 363 19 Reuters [DUBAI] The Dubai Gold and Commodities Exchange (DGCX) is set to win the race among commodity exchanges for an internationally tradable steel futures contract with a June 27 launch, a DGCX executive said yesterday. The US$5OO billion steel market lacks
      Reuters  -  363 words
    • 386 19 Reuters [RIYADH] Kingdom Holding Co plans an initial public offering before July, owner Prince Alwaleed bin Talal said in comments published on Friday. "The objective is to be a publicly traded company in Saudi Arabia before the end of this quarter, "the billionaire prince
      Reuters  -  386 words
  • Page 19 Advertisements
    • 1649 19 ||1§ UCUM/ABtr Head ffice: one Wa streeti New Yorki NY*****, USA NEW YORK Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2 CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME (United States Dollars in millions, except per share amounts) December 31 (United States Dollars in millions, except per share amounts)
      1,649 words

  • ASIA-PACIFIC/WORLD
    • 507 20 It is mulling rival bid to Nasdaq's agreed US$3.7b takeover: report Reuters [LONDON] The owner of the Dubai stock exchange is considering a rival bid to Nasdaq Stock Market's agreed US$3.7 billion takeover of Nordic markets owner OMX, The Sunday Times of London reported.
      Reuters  -  507 words
    • 505 20 Reuters [BANGKOK] Thailand is braced for a leap into the unknown this week as a court decides whether to disband the country's top two parties and ban their leaders from politics for breaching election laws. Fears are widespread that the verdicts on
      Reuters  -  505 words
    • 2043 20 STOCKS ASIA Transact,™ daw May 25 For a full listing of the dosing prices, log on to BT Online at http://business-timet.asia1.com.sg after 1130pm every trading day HONGKONG wol Cullurecom Mc« J*« unch *****6 Hutch Ma.b A.ng 06. i«h 6626 Softbank** ftJO -*h *****2 0* «73 Zhon*u8 MO 023
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  • Page 20 Advertisements
    • 1583 20 PT BERLIAN LAJU TANKER Tbk i** Domiciled in Jakarta ("The Company") ANNOUNCEMENT OF THE RESOLUTION OF THE ANNUAL GENERAL MEETING OF SHAERHOLDERS AND THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS We hereby announce that the Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders of the Company which was
      1,583 words

  • Page 21 Advertisements
    • 1782 21 BANK OF CHINA Head Office 1 Fuxingmen Nei Dajie, Beijing *****8, People's Republic of China. Tel (86)010-6659 6688 Swift: BKCHCNBJ Fax (86)010-6659 3777 http://www.bank-of-china.com Singapore Branch 4 Battery Road, Singapore *****8 Tel (65) 6535 2411 Swift: BKCHSGSG Fax (65) 6534 3401 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2006 (Amount
      1,782 words
    • 342 21 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF WINNS INVESTMENT PTE LTD (Co. Reg No *****1337W) (In Members' Voluntary liquidation) At on Extraordinary General Meeting of the above Company held on 25 May 2007 the following resolutions were duly passed Special resolution 1. That
      342 words
    • 1339 21 KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2006 Consolidated Balance Sheet statutory auditor's report to the general konsunudieu dokiiilb oiibbi MEETING OF SHAREHOLDERS OF KBC BANK NV ON 0«C31. D«3t THE CONSOLIDATED FINANCIAL STATEMENTS FOR Ttrnm .1 m THE YEAR ENDED DECEMBER 31,2006 In
      1,339 words

  • WORLD
    • 900 22  -  WALL STREET INSIGHT Market is fragile after its extended rally, say traders By ANDREW MARKS in New York MORE merger news helped US equities markets finish last Friday on a strong note. But that one day's worth of trading when many Wall Street traders
      900 words
    • 523 22 They also increase dividend for 2007 as record oil prices boost 2006 profits Bloomberg [NEW YORK] The world's largest publicly traded oil companies returned US$9B billion to shareholders last year as record oil and natu-ral-gas prices boosted earnings, John S. Herold Inc said. For
      Bloomberg  -  523 words
  • Page 22 Advertisements
    • 1416 22 —s. Svenska Handelsbanken mm (Incorporated in Sweden) www.handelBbanKen.com Sinqapore Branch: 65 Chulia Street #21-01/04 OCBC Centre Singapore *****3 Telephone: 65-6532 3800 Telex: RS ***** SHBSIN Telefax: 65-6534-4909 Swift Address: HAND SG SG Balance Sheet 31 December Income Statement GROUP GROUP SEK m 2006 2005 SEK m 2006 2005 ASSETS Interest
      1,416 words
    • 1182 22 1 ARAB BANK PLC i (Incorporated in Amman, Jordan) BALANCE SHEET INCOME STATEMENT as on 31 December 2006 and 2005 for the years ended 31 December 2006 and 2005 20M 2009 2000 2005 ARAB BANK GROUP USD (*000) USD 000) ARAB BANK GROUP USD ('000) USD ('000) Cash and balances
      1,182 words

  • AVIATION/SHIPPING
    • 444 23  -  Shareholders to get 30-40% of unit's shares through dividend in specie By DONALD URQUHART [SINGAPORE] Hoping to capitalise further on the booming offshore oil and gas sector, Penguin Boat International is spinning off its shipyard division for a listing on Sesdaq
      444 words
    • 2380 23 CITY WJGW ETA HJ6HT FTP j|y.ntJ»i S0455 1230 Adelaide LH9771 1750 LH9770 2345 ***** 1750 SQ269 2345 Amsterdam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 Athens S0348 0100 Atlanta AC5202 2335 AC5203 0645 UA895 2335 UA896 0645
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    • 393 23 AP [PARIS] Two high-speed trains one German, one French zipped from Germany to France last Friday, marking a crucial step towards a Europe-wide high-speed rail network aimed at competing with air travel. The TGV-ICE duet is an important collaboration between often rivalrous rail
      AP; REUTERS  -  393 words
    • 452 23 It has to maintain low costs to offset potentially weaker domestic revenue Reuters [CHICAGO] Northwest Airlines is set to exit bankruptcy next week a leaner and more efficient company, but its long-term value to investors hinges on its ability to maintain low costs to offset potentially
      Reuters  -  452 words
    • 286 23 [NEW DELHI] Delhi may soon have a second airport in suburban Greater Noida in neighbouring Uttar Pradesh state. Uttar Pradesh Chief Minister Mayawati met Indian Prime Minister Manmohan Singh last Saturday and requested him to revive the Taj International Airport and Aviation Hub
      286 words
  • Page 23 Advertisements
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  • Page 23 Miscellaneous
    • 210 23 CRYPTIC CROSSWORD area 26 Transferrence of power finally /cv effected a sort of change (10) peace (8) 27 One making proposal could 7 one ding or dee ud- YESTERDAY'S SOLUTION be m ore (8) dor \j) 28 Walks unnaturally in street 8 Try to qet the name of Cook's Across:
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  • Page 24 Advertisements
    • 272 24 -*•>-■ y —-i Ymrfifc■ n fwWTili'siii-i-i■ k nA l k f4> l < :> ..-'11"'" -■r#.?j|- ;v<-"Th 1 ■>>■ r IF Wiffl I. r IE p M -^fi t I I n pr Anchor x ,gii)firff| f pHBHpM, As world demand for energy continues to increase, oil and gas exploration
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  • GlobalTraderAwards
    • 530 25  -  By Chen Huifen THE concept of trade is said to have started out as early as prehistoric times, with people exchanging good for good, a term now known as barter trade. With the invention of money, trade then was separated into the act of buying and selling,
      530 words
    • 828 26  -  JANICE HENG talks to Gold Matrix founder Pinaki Rath on the sompany's forte, and why it choose to set up base in Singapore JANICE HENG THE trading business is not just a matter of supply, but also one of risk management, according to
      BLOOMBERG  -  828 words
    • 959 27  -  MD Navin Jatia tells CHARMIAN KOK how the rise of technology has made Evergreen Global rethink its business strategy CHARMIAN KOK BACK in 1989 when Evergreen Global was first incorporated, the company dealt mainly in general commodities. Since then, things have changed and increased competition has
      ARTHUR LEE; AP/FILE PHOTO  -  959 words
    • 1114 28  -  Within just three years of its founding, BioX last year leapfrogged into Europe's top five companies trading in palm oil. TETTYANA JASLI finds out from CFO Edgare Kerkwijk what made the company so successful TETTYAMA JASLI TO be a successful trader, knowledge of your end
      YEN MENG JIIN  -  1,114 words
    • 530 29  -  Singapore will face serious challenges from other countries aspiring to be one. CHEN HUIFEN finds out how it can hold on to its status CHEN HUIFEN SINGAPORE will face "serious challenges" from countries that are vying to become oil trading hubs in the region,
      530 words
    • 665 30  -  Regency Steel Asia's Gui Boon Sui talks to CHEM HUIFEN about the changing market dynamics and how his company is responding to it CHEN HUIFEN THERE is potential for greater consolidation in the global steel industry, as strong profit growth and stiff competition drive companies to strengthen
      FILE PHOTO  -  665 words
    • 980 31  -  The company has transformed itself to become more of a supply chain management firm, reports TETTYANA JASLI TETTYANA JASLI ALTHOUGH Tsing Yi Enterprises Pte Ltd started off 10 years ago in the metal recycling business, the company now sees itself more as
      FILE PHOTO  -  980 words
    • 961 32  -  To overcome tougher competition, the company also focuses on building customer relations, MD Chen Qiang tells CHARMIAN KOK CHARMIAN KOK ALTHOUGH relatively small in size, PT Minerals is a trading company to be reckoned with. With only four offices located in Beijing, Hong Kong,
      REUTERS  -  961 words
    • 716 33  -  The company sees a revitalisation of the natural rubber industry. BENITA AW YEONG talks to CEO Elson Ng about its expansion plans BENITA AW YEONG WHAT do tyres, condoms and gloves have in common? They are all derived from a raw material supplied by
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    • 55 25 PLATINUM SPONSORS bp FORTIS M KOCH |?4 kuokoils& grains iSTTi noble il in standard 7/faiV X/Hril M W group Chartered 5% VUDI LJ MEDIA AND MARKETING PARTNERS Official International Official Regional Broadcast Media Publication Official Business Daily Marketing Partner ifk Forbes the business times pldlts Asia l ONBC Promoting overseas
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    • 209 26 rr Trafigura Pte Ltd is honoured to be awarded the GLOBAL TRADER PROGRAMME STATUS Singapore is Trafigura's regional headquarters for the Group's oil trading activities and is the focal point for the company's Asian branch network, which includes offices in Beijing, Brisbane, Delhi, Jakarta, Mumbai, Seoul, Shanghai, Sydney and Tokyo.
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    • 191 27 wif K/lorn/ hnnnnrc One* rP3Qnn At HSBC Commercial Banking, we believe in the uniqueness of your business. Our in-depth understanding of details has earned us recognition from I|gJ IVI aMy nonouro. vJIIC IcdoUl I. a W jde range of professionals. And it's what makes us so adept at facilitating different
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    • 102 28 Exploring Markets. Creating Opportunities. Winning Hearts. Regency Steel Asia (RSA) is proud to receive the Global Trader Award. A mark of distinction recognising RSA's foray into the Since our inception in 2004, we have delivered our to more than 1,000 companies inlo countries, including Malaysia, China, Vietnam, Australia, New Zealand
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    • 4 29 Global trader programme status
      4 words
    • 184 29 -'"y V k Interlocal Exim Re Ltd is honoured to be conferred the prestigious A GLOBAL TRADER PROGRAMME STATUS y by International Enterprise (IE) Singapore We would like to thank and express our heartfelt appreciation to all our valued customers, business partners, bankers and dedicated staff for their continued support.
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    • 245 30 IV* j <v ■«.~V ''4\ fV\ Let UNIPEC SINGAPORE PTE. LTD. is proud to be awarded the GLOBAL TRADER PROGRAMME STATUS by International Enterprise Singapore Singapore UNIPEC SINGAPORE PTE. LTD. is involved in petroleum product trading, crude processing, import and export (base in China) of gasoline, gasoil, jet and fuel
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    • 160 30 I I I WILSON GLOBAL TRADE PTE LTD I I is honoured to be bestowed the prestigious I I By International Enterprise Singapore I I We sincerely thank and dedicate this prestigious award to all our I I Valued Customers, Producers, Business Associates, Bankers and I I Staff for their
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    • 57 31 Ram Niranjan Jatia Enterprise 1 <EG> EVERGREEN GLOBAL PTE. LTD. i i I is proud to be awarded the i |li GLOBAL TRADER v- ■■■*&'s&• o MT V>A'••. >sjj£ PROGRAMME STATUS Igte: jjs v by £PH INTERNATIONAL I 1 ENTERPRISE I SINGAPORE fjf -yf* jf"j/ Singapore' ylO\We dedicate this award
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    • 74 32 B I—9=l® shizen-ohkoku GLOBAL TRADER PROGRAMME L STATUS r I Jp JJp Tl j Jfl Br jt w jmH Ijß ~IK I tn*|■ •'s•* w- fr™ "'^*||^^Mj|£'. 1 K flB. Hp aj^^B +> *f K > J^Br. JHK Sumifru Singapore Pte Ltd Is Proud To Bo Awarded The Global Trader
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    • 223 32 Gold Matrix Resources Pte. Ltd. is honoured to be conferred the prestigious GLOBAL TRADER PROGRAMME STATUS By International Enterprise Singapore I V Gold Matrix Resources is a company young in age but rich in experience. This Award testifies to our achievement and Singapore more importantly, the potential it holds. Providing
      223 words


  • 11248 34 SGX MAINBOARD Week ended: May 25 52-Wk Tel Ust Vol Week LactQuote Mv GrYW Net MCap High low Cod* Company Sale W- rOQO) High Low Buyer Salter Cvr P/I Smll 3.5 2 5716 1st Software .2 susp JJ 16.5 6 3148 STdecom 16 .2 ***** 16.5 13.5 16
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  • 7039 35 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In lo<al cwr In S$ In USS %dy yr dy *yr %dy Syr M«y25 Index Chang* Change Changt Changa Change Change The Worid Index Preliminary 1177.5 0.1 7.0 0.1 7.3 0.1 7.7 > EAfE Preliminary 1184.6 -0.3 7.0 -03 7.5 -a3 7.9 Europe
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    • 1706 36 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination NIPHANAREE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN PAN BRIGHT JDH/BJA LAURADA DBI/DBU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,
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    • 685 36 IINWtASIA tOtO SERVICE vtssa/vor ramppcd hbghtcm) pkg *oj ig STRAm SUCCESS 17 10 4.3 ,7^ 5 STRAITS EXPRESS 11 30 4.0 27/05 31/05 03/04 05/04 1 AUSTRALIAN RORO SERVICE VBsa/voT ramppcd hbghtw io W m stp wa ape fre POSITIVE LEADER /DlO 100 5.0 11-12/05 24-24/05 21 21/05 30-31/05 02-02/04
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    • 1674 37 WAN HAI INTERNATIONAL Pfl LTD a no. lwsttoooo/l TEL *****5 M (14 UNIS) FAX: *****163 \\k|\|A|A|J II A I I lIJEC CustoHMr Swvit./Bookings Dfract Um (1800) *****200 V 11 VIMil Mnl UllkJ H1T8;(03)334MMFAX:(03)*****2HM1TH;(04)*****00MX:(04)*****99 V— JOHIH: (07) *****23 FAX: (07)*****21 9111H: (031) *****75 FAX: 10)1) *****)4/ *****05 i. KT TH: (021)
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  • The Business Time Shipping Times
    • 3493 38 This ETA ETA Advertiser Vend Voyage Telephone I SIN DOTH Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'tvoire 06/06 15/07 Deknas FLORA DELMAS 723W *****344 1V06 18/07 Deknas URSULA DELMAS 724W *****344 15/06 27/07 Deknas URSULA DUMAS 724W *****344 To ADELAIDE (ADL)
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    • 549 38 VESS€I VOY PKL I SIN I KHI I PXB I BAB I PMM BIK KHO IRAN BAABAEI PCLBI99 27/05 28/05 06/06 09/06 10/06 16/06 M/ 06 20/06 IRAN SATTARI PCLB2OO 07/06 06/06 15/06 18/06 19/06 25/06 27/06 29/06 MAGNAVIA PCLB2OI 07/06 06/06 SKIP 15/06 16/06 22/06 24/06 26/06 VESSEL VOY
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  • ARTS FEST
    • 550 39  -  It's bold and inspiring, and your life may change a little too By TAMMY L WONG FANS of contemporary dance are in for a treat when indomitable dancerchoreographer Bill T Jones and his company of riveting dancers come to town this weekend to
      REUTERS  -  550 words
    • 542 39  -  S'pore Arts Fest '07 kicked off with an open-air show. PARVATHI NAYAR reports PARVATHI NAYAR SUMMER in the tropics was the forecast for last Friday evening, but even the hot and sultry weather didn't keep away the crowds at the Padang. The 8,000-strong crowd, including guest-of-honour Lee
      ARTHUR LEE  -  542 words
  • Page 39 Advertisements
    • 178 39 L m J WHEN BUSINESS BECOMES PLEASURE. I Wclcomc 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 technology and an elegant contemporary feel. Our
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 748 40  -  It may raise head count in Manila operations from 350 to 700, writes ROLAND LIM ROLAND LIM THE Asia Pacific region is a hugely promising market for mid-market enterprise resource planning (ERP) software vendor Lawson Software, judging from its bullish expectation that it will
      748 words
    • Article, Illustration
      467 40  - <what's new> Compiled by WINSTON CHAI Creative media player makes 'Wav's CREATIVE has launched the Zen Wav, a new digital video, photo and MP3 player. The lightweight gadget comes with a docking speaker station called the Acoustic Stand to transform the player from a personal media player into a mini
      467 words
    • 866 40  -  <you say> By CLAUDIA TAN VOICE over Internet Protocol (VoIP) has been positioned as the great paradigm that will essentially change the way in which people communicate and collaborate in the near future. Internet Protocol (IP) telephony, building on VoIP
      866 words
    • 694 41  -  Symantec study shows they are hit by growing complexity and budget curbs, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SYMANTEC Corp last week released the findings of a study which indicates that information technology (IT) professionals worldwide are struggling with a double whammy of having
      694 words
    • Article, Illustration
      384 41  - <what's up> Compiled by WINSTON CHAI IT deals galore at PC Show OVER 400 exhibitors are set to showcase their wares at the 17th annual PC Show to be held at the Suntec City Convention Centre on May 31. A host of technology products are set to go on offer
      384 words
    • 122 41 Reuters [SAN FRANCISCO] Maybe they can call it The Sims: The Movie. Electronic Arts Inc has sold the movie rights for The Sims, the best-selling computer game of all time to 20th Century Fox, Variety said on Friday. The Sims
      Reuters  -  122 words
    • 637 42  -  It acquires security specialist Cybertrust and says the move will help fill a void that's particularly apparent in Asia, writes WINSTON CHAI WINSTON CHAI COMPANIES around the region are increasingly looking for security services to be included as part of their connectivity requirements. Verizon Business
      637 words
    • 463 42 AFP [NEW YORK] A programme to provide millions of lowcost laptops to students in poor countries is set to start production in September even as commercial competitors prepare to offer even cheaper models. The idea from Nicholas Negroponte a co-founder of the Massachusetts Institute
      AFP  -  463 words
    • BT-IBM FOCUS
      • 1586 43 SOCIAL COMPUTING As social computing tools get more pervasive; three knowledge specialists tell ROLAND LIM how organisations can use them to their advantage BLOGS, wikis, twitter you must have seen these words appearing more frequently in the mainstream media as these social computing tools become more
        1,586 words
      • 1183 43  -  By MELVIN YUAN WHEN the magazine Business 2.0 was conceived almost a decade ago, it prophesied a revolution in the ways of business. And we are beginning to see a manifestation of that foretelling with Web 2.0 technologies forming the backbone
        1,183 words
    • BizIT FOCUS
      • 1970 44  -  While the private sector is at the forefront of innovation, the public sector also needs it to stay relevant, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IN the past couple of decades information technology (IT) has brought about some of the most dramatic changes in the
        FILE PHOTO  -  1,970 words
      • 173 44 ALEX Cameron, an expert on innovation and a fellow at EDS, says that in terms of costs, innovation is directly related to R&D (research and development) in all its forms. Companies and organisations that invest heavily in R&D, generally remain relevant. The R&D sees a product
        173 words
      • 451 44  -  By WINSTON CHAI ENTREPRENEURSHIP has been the recurring buzzword here in recent times but just a few years ago, long queues and tedious paperwork meant business undertakings were easy to conceive but a hassle to formalise. In Singapore, aspiring businessmen need
        451 words
    • 502 40  -  By KENNETH JAMES TO software titan Microsoft Corp's already formidable armoury of business weapons. add one more: media company. "Microsoft is a software company, and we are also going to be a media company," Microsoft CEO Steve Ballmer declared in an interview
      LIANHE ZAOBAO  -  502 words
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    • 127 41 3% ANNIVERSARY NEC Solutions Asia Pacific 19 7 7-2007 e inagi 'j! Server/ pp^ >4 wholly-owned subsidiary of NEC Corporation, NEC Solutions Asia Pacific, is a leading information technology services provider and is expanding rapidly across Asia Pacific. Our core competencies cover the entire range of systems integration and consultancy
      127 words

  • Page 42 Advertisements
    • 58 42 Siebel CRM On Demand CRM On Demand #1 In CRM >/ Pre-Built Integrations to ERP Tailored By Industry Expand To A Complete Application Suite Oracle Customer Relationship Management Over 4.6 Million Satisfied Users CRMOnDemand.com or call 1.800.672.2531 Copyright 2007. Oracle it a registared trademark of Oracla Corporation and/or it* affiliatae.
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