The Business Times, 18 June 2007

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Microfilm: NL27734
Total Pages: 32
1 28 The Business Times
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  • Title Section
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    32 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) 202/12/2006 Monday, June 18,2007 THE BUSINESS TIMES Monday, June 18,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) *****2/2006
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      61 2 Goldfish have a memory span of 3 seconds. I They can't even see the past, much less the future. I But you can. With proven business intelligence and analytic software from SAS. I I I I I R. u. B&. "i. BX Ifck. Ml*. *a/M Rt-, .wui^B^l f S3S toKsJ
      61 words
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      118 3 4 Giraffes get dropped 6 feet to the ground at birth. They can't avoid rude awakenings. But you can. With proven performance management software from SAS. twww.sas.com/giraffes er in business intelligence and analytical software and services. Customers at 43,000 sites use SAS software to improve performance through a, resulting in
      118 words
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      75 4 Okapis have some real identity issues. I They can't be sure who they're attracting or why. I But you can. With proven customer intelligence software from SAS. I www.sas.com/okapis I -v.;; 1 54 i., 5 *■$'< J v f'% vfe--.'. v f/. u H -%;,n I I I H WKSfflmSRseMB
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  • Article, Illustration
    Lock icon Online banking draws more S'poreans
    587 1  -  Banks say volume of transactions rose after introduction of two separate levels of identity checks By CHOW PEN NEE [SINGAPORE] More Singaporeans are logging into their Internet banking accounts over the past year, even though some find it to be a chore. Thanks to enhanced
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  • Article
    Lock icon MARKETS DIGEST
    135 1 MARKETS W««k Chge STI 3581.16 +89.57 KLCOMP 1360.65..—+8.26 NIKKEI 225 *****.49 ....+192.40 HANG SENG *****.05 ....+507.90 SET INDEX 744.25 -7.75 JAKARTA COMP ...2120.64 +66.19 MANILA COMP ....3671.29 ....+144.56 TAIPEI TAIEX 8573.64 ....+272.93 SEOUL COMP 1772.26 +44.98 SHENZHEN B 700.37 ......+28.35 AUSTALLORD 6317.10 +58.70 DOW JONES *****.48 ....+215.09 NASDAQ
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  • Article
    Lock icon Hong Kong fails in plan to widen tax base after shelving GST
    580 1  -  Tax constraints increasingly evident despite booming property, stock markets By JANE MOIR in Hong Kong HONG KONG finance chiefs have come up empty-hand-ed after a nine-month consultation on the city's tax system, with no concrete plan to widen
    580 words
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      34 1 i V K0 It's music, games and maps for Nokia ytf^RAGE 28 $262 million fa Mmi#*'- f I m f fc The Ardmore sets new benchmark land price of $2,337 psf ppr PAGE 3
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      33 1 8 Hi I BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.
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      14 1 STOCKS Will Street surprise PAGE 19 What companies to retain older workers. I I
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      89 1 jfofcC ARTSFEST Pluck-entertaining COMMENTARY Levelling the field for S'pore investors PAGE 7 4 v x VVSJtZj A >s) Q 1 4 f <* FOUR WORDS 1 FOR PERFECTION. TAKE. A LOOK AT Di AI Of ,-i^^Mfljßtf ROLL*. WORDS flv SUPERI AT IVF CHRONOMETER OFFICIALLY THROUGH IS DAYS AND NIGHTS OF
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  • TOP STORIES
    • Article, Illustration
      Lock icon Closer SGX-TSE strategic links expected
      605 2  -  Tokyo backing likely for Japanese bourse's bid to extend Asian reach By ANTHONY ROWLEY in Tokyo THE purchase of a 4.99% stake in Singapore Exchange (SGX) by the Tokyo Stock Exchange (TSE) marks the start of what is expected to be much closer strategic cooperation
      JOHN HENG  -  605 words
    • Article, Illustration
      Lock icon Lippo buys Aura Park for $55.5 m
      362 3  -  By KALPANA RASHIWALA [SINGAPORE] Lippo Realty has bought Aura Park at Holland Road near the Botanic Gardens for $55.5 million or about $1,280 per square foot (psf) of potential gross floor area a fresh high for the location. The price is inclusive of
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    • Article
      Lock icon THREE-MINUTE DIGEST
      531 2 Offshore bank eyes expats worldwide IF you are living or working overseas and earning lots of cash or even just having lots of money this bank wants you. Zurich International Life, a separately regulated subsidiary of insurance giant Zurich Financial Services, with headquarters in the tax haven of
      531 words
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      Lock icon Offshore bank eyes expats worldwide
      1132 2  -  Outfit targets ethnic groups instead of countries By CONRAD RAJ [SINGAPORE] If you are living or working overseas and earning lots of cash or even just having lots of money this bank wants you. Zurich International Life, a separately regulated subsidiary of insurance giant Zurich
      BLOOMBERG  -  1,132 words
    • Article, Illustration
      Lock icon Ardmore deal sets new land price benchmark
      429 3  -  SC Global clinches coveted site for $262 m or $2,337 psf ppr By KALPANA RASHIWALA [SINGAPORE] A new record unit land price has been set for residential land in Singapore, toppling the benchmark established just last week. SC Global Developments has bought The
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      112 2 people www thepeopleatwork.com lF m ZZi I Make a scene. Make the scene. Step Into tte apottgftt. r v? 1 I FT I Entertain your entourage. You're always the rtar at Oscar's. I 9* W ifKK L I Savour al fresco adventures, ala carte (ritorats ami buffet I 0 P*
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      10 2 Hunting season has begun. (Target: Private Bankers) Asia-Pacific Executive Search
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      24 3 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. NOTICES
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      332 3 BaSS l«* Car*C /-iffor an innnv/atix/P Underlying shares for Series 2: Oversea-Chinese Banking Corporation Limited, Keppel Corporation Limited, RaboJet Certs Otter an innovative Allgreen Properties Limited, ComfortDelGro Corporation Limited opportunity to profit from the share r Underlying shares for Series 3: United Overseas Bank Limited, Singapore Exchange Limited, price movement
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Valuing wisdom and experience
      2626 4 THIS WEEK'S TOPIC Are organisations doing enough to help older workers continue working? What more nèds to be done ti ensure a win-win situation for both employers and workers? CEO The GMP Group THE government should be lauded for its efforts in encouraging and integrating mature
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      172 5 V'isP' SEeieehc, ~mT« a ./.I. i^—.... ..-M.«^.. -*=>- ~<m; ■>. MHH I Respect is earned not taken. That's why our design comes with awards. The S Class. Constantly Acclaimed above Whether you're navigating traffic even after an accident The Dynamic multi- "Limousine of the Year", "Ist Place in Body or
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Easing of pressure on US bonds positive for stocks
      632 6  -  STOCKS R SIVANITHY Senior Correspondent AFTER its week-long wobble, Wall Street appears to have gotten over its interest rate/inflation worries the US 10-year Treasury yield on Friday backed off by 7 basis points to 5.15 per cent. (It had earlier in
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    • Article
      Lock icon Asian units decline after BoJ holds rates
      526 6 CURRENCIES [HONG KONG] Asian currencies ended last week mostly lower against the US dollar, after rock-bottom Japanese interest rates were left unaltered and the likelihood of a rise in Australian rates receded. Japanese yen: The yen sank to a four-and-a-half year low against
      526 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      2133 6 Consensus No.of Forecast Maan Frfi recommendation esti- EPS PC target price Company name TMswk Lastmth mates (cants) (ratio) price Advanced Holdings 2.50 4.00 2 335 15.08 0.40 0.50 Allco Commercial REIT 1.50 1.50 6 5.14 25.47 1.52 1-28 Allgreen Properties 2.78 2.89 9 8.18 24.46 1.72 1.99 Allied
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      527 6 >■—I b looks Pay (fill Ml dow <«SL Adampak a 5 000 07-May lM4ay IS-Jun F 1jM0 074% IM«y AW I My b OlSOO 11-JMl 14-Jw »Jw ■aboodcABrown I 1230 IWw 20-tai 14-S* BonvwtHMgi a ISjOOO 11-My 1M% 22-Jun ■oraHHIdgi a ISjOOO 22-Jun Boustoad F 4500 02-Aug 07-Aug
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    • Article
      Lock icon Oil prices jump on US motor fuel fears
      343 6 COMMODITIES AFP [LONDON] The price of crude oil on world markets raced higher last week, with London Brent crude breaching US$7l a barrel on gasoline supply concerns in the US. Wheat struck an 11-year high in Chicago, owing to drought conditions in
      AFP  -  343 words
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  • COMPANY NEWS
    • Article
      Lock icon Being fairer to investors
      809 7  -  HOCK LOCK SIEW By R SIVANITHY HE goal of any regulatory regime, whether merit- or disclosurebased, is to ensure a level playing field for all its market players, big or small. All rules are therefore formulated with this central objective in mind, and investor confidence rests
      809 words
    • Article
      Lock icon Strong growth seen in China's water sector
      505 7  -  By MATTHEW PHAN CHINA has over-invested in waste treatment capacity and under-invested in sewage collection pipeline capacity, which brings the waste water to the plants, according to a recent report by Credit Suisse. But China continues to present the most significant growth opportunities
      505 words
    • Article, Illustration
      Lock icon HLH Group's new focus to be agriculture sector
      547 9  -  By JANICE HENG HLH Group formerly PDC Corp expects its venture into the agri-sector to contribute 60-70 per cent of earnings within the next three years. Agriculture is. HLH's new focus, said chief executive Lam Yue Pak, though the company will continue
      YEN MENG JIIN  -  547 words
    • Article
      Lock icon Why Yellow Pages IDs rejected Tan's calls
      597 9 Acceding to demands would have given him control without setting off a general offer THE independent directors (IDs) of Yellow Pages (Singapore) have explained why they turned down major shareholder Stanley Tan's requests to be appointed executive director and to appoint Johnny Sy
      597 words
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      105 7 DOING BUSINESS AND LIVING IN DUBAI THE MIDDLE EAST 14 July 2007, 8:30 AM-SPM J Swissotml The Stamford!A ■lllMfliiUiHi MR YOUSRY ELSAYED MANSOUR B A Cinema, Academy of Arts, Egypt (1981) Certificate in Educational Technology, JICA Okinawa International Center in Japan (1988) Currently Tutonng Lectunng in Private Sector The Scope
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      992 7 V.Vv'i h 1 T 1 Pinnacle Notes Secured Credit-linked Notes Series 6 2 Tranche A (USD) Tranche B (SGD) Years 1 -5.5 Interest Rate: Interest Rate: 7% per annum 5.2% per annum Series T with a potential ueuTh Equity Bonus Coupon! Tranche A (USD) Tranche B (SGD) Years 1 -5.5
      992 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Portfolios shine with gains of 3.5-6.5%
      1476 8  -  TEH HOOI LING Senior Correspondent The bulls stm have strong legs. All our portfolios put up their strongest performance in some three months last week. The smallest advance was a respectable 3.5 per cent. The biggest gainer was the one-year top losers portfolio which
      1,476 words
    • Article, Illustration
      Lock icon Selling rules as total trades take a leap to $135 m
      1460 8  -  INSIDE MARKETS By ROBERT HALILI RADING by directors and B substantial shareholders surged last week, with ,156 trades worth $135 million I based on filings on the Singapore Exchange from June 11 to 15. The figures were sharply higher
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      24 9 ROI I ITE W igCTirfdgl 1 jSU The Control of Heat and Light www. r o I I i t e c o m
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      1323 9 :*ATci NOTICES O rmnr it Notice of Annual General Meeting To: All Shareholders NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at Raffles City Convention Centre, Stamford Ballroom, Level 4, 2 Stamford Road, Singapore *****2, on Thursday, 12 July 2007 at 2.30
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      1296 9 SMRT Corporation Ltd Incorporated In the Republic of Singapore Company Registration No: *****1855H b) unless varied or revoked by the Company in General Meeting, the authority conferred on the Directors of the Company pursuant to the Share Purchase Mandate may be exercised by the Directors of the Company at any
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  • SINGAPORE NEWS
    • Article
      Lock icon EVENTS LISTING
      107 10 DATE/ TIME EVENT VENUE 18 Jun ISEAS Seminar-In the Seminar Room 2, 10.00am Meantime, Over in Sabah 30 Heng Mui Keng and Sarawak Terrace, Pasir Panjang 19 Jun HRSingapore Seminar- Bayview Hotel 9.00am Payroll Administration Workshop 20 Jun HRM Skills Basic Financial Bayview Hotel 9.00am Literacy For Non-Finance
      107 words
    • Article, Illustration
      Lock icon TAKING THE ARTS TO THE PEOPLE
      91 10 TOOTH (left) and Claw are two very funny dinosaurs which found themselves at Raffles Place—as part of the Singapore Arts Festival's Outreach Programme. A little girl, intrigued by their appearance, kisses one of them. About 1,300 artists from Singapore and around the world are
      YEN MENG JIIN  -  91 words
    • Article
      Lock icon Regional carbon exchange unlikely
      540 10  -  By JANICE HENG SINGAPORE and its neighbours remain important players in global carbon trading, but the region is not likely to be able to support its own carbon credit exchange, say industry players. "I question why there is a compelling business reason for a regional exchange
      540 words
    • Article
      Lock icon Labour crunch needs mindset change on jobs
      400 10  -  Older workers on contracts can help improve situation, says HR specialist By MATTHEW PHAN CONTRACT hire of older, specialised professionals could help mitigate the talent crunch in the short run, according to Robert Walters, founder of the recruitment firm of the same name.
      400 words
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      121 10 Open up to Japanese business Is JE.,„ The Nikkei Weekly is an Fnolish language newspaper that incorporates selected articles Tom ihe Nikkei's Japanese publications, as well as original reporting, the Nikkei is Japan s leading business media company wiJi puolications including The Nihon Keizai SnimTxin (3 million-plus daly circulation) and
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      88 10 EXCLUSIVE^^INITECLUB '%f| I SINGAPORE V Singapore's latest hotspot in the heart of Orchard Road I Meet your friends to unwind after work or entertain your business clients in an ambience specially H 7 created for your relaxation. II There are more than 30 luxurious KTV rooms to cater to your
      88 words
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      170 11 LSSOOHL r v T 'v -C ~'V. l''. ">: w'ii *x t\' v ~f •!> Introducing the LS6OOhL. The high-performance hybrid sedan with the power to change the world. J* v f* h In LS 600h L, we didn't just make the most powerful luxury sedan in its class. We
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  • DINING OUT
    • Article, Illustration
      Lock icon Where to feast in style
      1292 12 RE-OPENING La Strada #02-10/11 Shaw Centre. Tel: 6737-2555 ON one side, it was a little too fancy and formal, so business was just so-so. Next door, the pizzeria aid great business and was nearly always full. So wouldn't it make more sense to merge the
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  • Page 12 Advertisements
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      235 12 MM Truly exquisite cuisine, at trulv surprising prices Set Lunch i imlmnii <1 m i\iii'o> 4 '.(>lll SC W A i ■> .Olll'SC $28 V I Moil 5..1 ompliMK iiM.i il> i P.ill in- Wliere to wine, dine ancl enlertai 11...^" I Kg )OUR N E Y WITH US TO
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      46 12 Gato Negro Best Buy Wine Enthusiast Imported by /c* I u/iic 40 Holland Grow Rd. Tel: *****053 Hard Rock Cafe Singapore Memflm HPL House #02-01/ #03-01. Tel: 6235 5232 \w*r/ 15% off food, beverage merchandise Only when you charge to your Diners Club Card. T&C Apply.
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      87 12 Diners Club Card A World of Exclusive Privileges Treats tcwuxcliners.com.sg I *h i ito i 1 J r t Ti 'jpy, l, Time to get personal! Your choice of cooking style-broiled, steamed or poached chicken and fish. Wholesomely delicious! Date: 1 to 30 June Price: SlB.so++ Monday to Friday Lunch
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      29 12 To apply, call 6416 0980 Diners Club International' _wi3E5• SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in CATS Notices in The Straits Times. J WATa\3Sfe
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  • ARTSFEST
    • Article, Illustration
      Lock icon Jazzing it up with Gambarini
      723 13  -  Jazz lovers are in for a treat this week as Roberta Gambarini performs with Jeremy Monteiro and others, says CHARMAIN KOK CHARMAIN KOK TOUTED by music critics as the true successor to Ella Fitzgerald, Sarah Vaughn and Carmen Mcßae, Roberta Gambarini is becoming one of
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    • Article, Illustration
      Lock icon Classical music, in a fun way
      409 13  -  By JUSTINE MOSS THE attempt to popularise classical music, whether in an unconventional delivery or music adaptation, is nothing new. Violinist Nigel Kennedy, the bad boy of classical music, was one of the first to break free from its sometimes stuffy confines. He was
      409 words
    • Article
      Lock icon When the Esplanade turned into a classy video arcade
      529 13  -  By MATTHEW PHAN IT was perhaps the first time the Esplanade had drawn so many teenaged boys to listen to a classical orchestra. That, if nothing else, would have made Play! A Video Game Symphony unique; it was a good deal
      529 words
  • Page 13 Advertisements
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      424 13 Your Daily Guide to the Arts Festival: What's On Today Visual Arts: Check out a variety of installations from local and international artists Domestic Bliss: Exploring the Myth of the Happy Home, 11am to 6pm, Until Aug 5, Sculpture Square Project: Eden, The Festival Nest, 10:30 am to Bpm, Until
      424 words
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      51 13 i9l3fMfe§Q[ Win a Fortis Watch when you take part in Buzz My D?y on June 23. Log on to www.radio9l3.com or www.radioloo3.com to find out more today! Radio 91.3 and Radio 100.3 are managed by SPH Unionworki, a subsidiary of Singapore Press Holdings i International Raffles City Convention Centre, Singapore
      51 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon The forces driving Soros
      1149 14  -  In the second of a series on the world's greatest investors, CHARMIAN KDK describes George Soros's controversial style CHARMIAN KDK AS the 80th richest person in the world (according to Forbes), multi-billionaire George Soros is a household name when it comes to investing and finance. Dubbed
      1,149 words
    • Article, Illustration
      Lock icon Making their mark in Latvia
      969 14  -  CAMPUS LIFE Singaporean students taste victory in a business competition, LIN ZHAOWEI reports LIN ZHAOWEI IT WAS the first time teams from Singapore took part in Peak Time, the largest and best-known international business student competition in the Baltic states. And both local teams made
      969 words
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      252 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
      252 words
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  • ECONOMY WATCH
    • Article
      Lock icon Online sales growth slows as shopping habits change
      684 15 NYT [NEW YORK] Since the inception of the Web, online commerce has enjoyed hypergrowth, with annual sales increasing more than 25 per cent overall, and far more rapidly in many categories. But in the last year, growth has slowed sharply in major
      NYT  -  684 words
    • Article
      Lock icon Bond rout eases pressure for Fed, ECB tightening
      587 15 Higher market rates mean pricier loans for homes, credit cards, investment Bloomberg [NEW YORK] The six-week global bond market-rout may be doing Ben S Bernanke and Jean-Claude Trichet a favour. The higher market rates, if they continue, mean pricier loans for homes
      Bloomberg  -  587 words
    • Article
      Lock icon US seeks to revise trade pact with South Korea
      148 15 Bloomberg [SEOUL] The US wants to revise its proposed free-trade accord with South Korea to reflect amendments in the new US trade policy. South Korea's foreign ministry said. The changes relate to issues such as labour, environment, harbour safety and investments,
      Bloomberg  -  148 words
  • Page 15 Advertisements
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      38 15 Lonza Singapore Pte Ltd celebrates 1 Oth Year 1 Anniversary! 1 We would like to thank our staff, customers, suppliers and contractors for their continuous support. jfE wwsi -I/-' ;r •< a II /./4 H ■V u I HI
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      313 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
      313 words
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  • MALAYSIA/ INDONESIA
    • Article, Illustration
      Lock icon Johor crime rate a drawback for IDR
      628 16  -  MALAYSIA INSIGHT It's time to start effectively using funds allocated for security in state PAULINE NG KL Correspondent TWO different reports on Johor last week jarred. One was the state government's optimism in securing a substantial amount of investments for the new special
      628 words
    • Article
      Lock icon AM MB to privatise investment bank unit
      138 16 Reuters [KUALA LUMPUR] Lender AMMB Holdings is planning a buyout of its Amlnvestment unit following the entry of Australia and New Zealand Banking Group as a major shareholder, AMMB said on Friday. The buyout plan is part of a reorganisation of AMMB's business
      Reuters  -  138 words
    • Article
      Lock icon Lion Corp Japan to invest 10b yen in M'sian plant
      290 16 [KUALA LUMPUR] Lion Corp Japan, the parent of Southern Lion Sdn Bhd, a maker of detergents and shower foams, is investing 10 billion yen (*****.6 million) in a new biochemical plant at Tanjung Langsat, Malaysia's Business Times reported. Senior executive
      290 words
    • Article, Illustration
      Lock icon Proton, Volkswagen edge towards tie-up
      492 16 Talks centred on finding a solution to allow Proton to have strong partner AFP [KUALA LUMPUR] Malay: sian car maker Proton and German auto giant Volkswagen AG are cautiously edging towards a partnership after a second round of talks in Thailand, officials said yesterday. "Negotiations
      AFP; AP  -  492 words
    • Article
      Lock icon Indonesia raises export taxes on palm oil products
      364 16 Bloomberg [JAKARTA] Indonesia has raised export taxes on crude and refined palm oil products to boost domestic supplies of the commodity and stem an increase in prices. Crude palm oil exports will be taxed at 6.5 per cent of a base price
      Bloomberg  -  364 words
    • Article
      Lock icon Tamil film's debut sets record in M'sia
      253 16 AFP [KUALA LUMPUR] Tamil film Sivaji created history in the Indian film industry in Malaysia with its opening day takings, an official said yesterday despite glitches and violence that marred its premiere. S Vel Paari, chief executive of the Pyramid Saimira Theatre Chain
      AFP  -  253 words
  • Page 16 Advertisements
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      244 16 Managing Yourself as an Asset to Your Company 21 June 2007 (Thu) 9am to spm SPH News Centre t Discover how to manage yourself as a talent integral to your company for strategic career progress. Add value to* your organisation and maximise your potential. Trainer Chia Weng Lee. He is
      244 words
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  • GREATER CHINA
    • Article
      Lock icon Chinese game software developer listing in Osaka
      291 17 It will be second mainland company to debut in Japan AP [TOKYO] Chinese online game software developer, Nineyou International Ltd, will be listed on the Osaka Securities Exchange next month, the exchange said on Friday, becoming the second company from mainland China to
      AP  -  291 words
    • Article
      Lock icon Hong Kong bird market shuts amid avian flu fears
      304 17 AFP [HONG KONG] A bird market in Hong Kong has been closed down amid fears of an avian flu outbreak after a starling tested positive for the deadly HSNI strain of the disease. Authorities said late on Saturday that the market,
      AFP  -  304 words
    • Article
      Lock icon Sun Micro forecasts revenue gain in greater China region
      217 17 Bloomberg [BEIJING] Sun Microsystems Inc, the world's fourth-largest maker of server computers, expects revenue in the greater China region to increase by a "double-digit" percentage next fiscal year after introducing new products. Sales growth in China for the fiscal year beginning
      Bloomberg  -  217 words
    • Article, Illustration
      Lock icon Danone fiasco focuses China business risks
      643 17 Some foreign firms find it more irksome to tie up with locals than to go solo [BEIJING] Rogue companies. Secret profits. Legal threats. Allegations of "evil deeds" and "tyranny". It may sound like an overwrought corporate thriller, but all are elements in a dispute
      AFP,; REUTERS  -  643 words
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      67 17 w WILL IT BE YOURS? NOMINATIONS NOW OPEN If your company is home-grown, privately-owned and incorporated under Singapore's Companies Act (1994 Revised Edition), with three years of audited statements, submit your nomination for the 2007 Enterprise 50 Awards now. Closing date is June 29, 2007. For more information, call the
      67 words
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  • INDIA
    • Article, Illustration
      Lock icon Vodafone increases CEO's pay by 17% to £6.14 m
      515 18 Bloomberg [LONDON] Vodafone Group pic gave chief executive officer Arun Sarin a 17 per cent increase in total compensation last fiscal year, as the world's biggest mo-bile-phone operator narrowed its loss and its shares rose. Mr Sarin received £6.14 million (5518.66
      Bloomberg; BLOOMBERG  -  515 words
    • Article
      Lock icon Realty firm DLF prices IPO at middle of range
      353 18 Strong institutional demand but response to retail tranche muted Reu ters [MUMBAIJ Indian real estate firm DLF Ltd priced its IPO in the middle of the indicative price range due to muted retail interest, bankers said on Friday, valuing the country's
      – Reu ters  -  353 words
    • Article
      Lock icon US$35b foreign M&A deals seen this year
      229 18 Reuters [NEW DELHI! Indian firms flush with funds are expected to spend more than US$35 billion this year on buying or merging with foreign companies, a report said yesterday. Indian businesses seemed to have an increasing appetite for risk, and this was driving
      Reuters  -  229 words
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      Lock icon HDFC Bank gets shareholder nod to raise US$1b
      311 18 Bloomberg [NEW DELHI] HDFC Bank Ltd, India's third-biggest by value, said shareholders approved a plan to sell US$l billion of shares, funds it will use to meet accelerating demand for loans from consumers and companies. The bank said in its annual meeting
      Bloomberg  -  311 words
  • Page 18 Advertisements
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      654 18 NOTICES Toll free: 1800-289-8822 Email: notices'"'sph.com.sg East Gate EASTGATE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****5519R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Eastgate Technology Limited ("Eastgate" or the "Company") will be held on 3 July 2007
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      1318 18 \&T PT ATPK EcmwccS Tkk. (COOC: ATPK) ANNOUNCEMENT ON THE ANNUAL GENERAL MEETING AND EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Board of Directors of PT ATPK Resources Tbk invite the Shareholders to attend the Annual General Meeting (AGM) and Extraordinary General Meeting of Shareholders (EGM) which wi be held on
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  • WORLD
    • Article
      Lock icon Market recovery a happy surprise
      771 19  -  WALL STREET INSIGHT Tame inflation picture and resurgent economy are no guarantee the rally will continue this week, say analysts By ANDREW MARKS in New York US STOCKS may be ready to take a breather after a wild week in which the equity markets staged
      771 words
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      Lock icon Private equity firms to buy Penn National Gaming
      493 19 Company valued at US$6.1b or US$67 a share in buyout NYT THE gambling world is dominated by a few high-profile names like the MGM Mirage, Wynn Resorts, Harrah's Entertainment the same few corporations that, not coincidentally, dominate Las Vegas. But the spread
      NYT  -  493 words
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      Lock icon Pearson seeking partners for Dow Jones bid
      466 19 Reu ters [NEW YORK] Financial Times publisher Pearson is seeking partners to make a possible bid for Wall Street Journal owner Dow Jones Co, the Journal reported on its website on Friday. Pearson has talked about potential partners, including US newspaper publisher Hearst
      Reu ters; BLOOMBERG  -  466 words
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      572 19 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg aNBODIMISW Head Office: Turin, Italy. Sanpaolo IMI S.p.A. Singapore Branch: 6 Temasek Boulevard #42-04/05, Suntec Tower Four, Singapore *****6 Consolidated Balance Sheet As of 31 December 2006 (millions of Euro) 31/12/06 31/12/05 Assets Cash and cash equivalents 1,534 1,107 Financial assets held for
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      843 19 Consolidated Statement of Income As of 31 December 2006 (millions of Euro) 31/12/06 31/12/05 Interest income and similar revenues 9,837 8,234 Interest expenses and similar charges (4,914) (3,782) Net interest income 4,923 4,452 Commission income 4,084 3,970 Commission expense (878) (754) Net commissions 3,206 3,216 Dividends and similar revenues 259
      843 words
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  • AVIATION/SHIPPING
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      Lock icon Aussie aviation market set for changes after failed Qantas bid
      524 20 Major fleet expansions seen; Tiger's arrival may upset balance AFP [SYDNEY] Australia's aviation market is facing major changes in the wake of a failed takeover bid for Qantas, analysts say, with major fleet expansions and aggressive newcomer Tiger Airways starting
      AFP  -  524 words
    • Article
      Lock icon Airbus sees 'good news' for A 350 jet
      583 20 [PARIS] European planemaker Airbus, irked by accusations from rival Boeing that the design of its A3 50 jet remains in limbo, has hit back by saying its performance is guaranteed and predicts a boost at next week's Paris Air Show. The A
      583 words
    • Article
      Lock icon STOCKS ASIA
      2817 20 Transaction date: Jun 15 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 vol HKS 000 Aeon Credit .6.60 0.04 240 AeonStores 11.00 0.10 204 AngangSteel 16.54 0.66 ***** Anhui Conch 43.95 1.25 5477
      2,817 words
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      Lock icon SIA to boost Shanghai flight capacity 25%
      126 20 [BEIJING] Singapore Airlines (SLA) plans to increase its transport capacity on the Shanghai-to-Singapore route by 25 per cent before July 1 in preparation for China's outbound travel peak in summer. From yesterday, SIA was to offer three more direct flights a week from
      126 words
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      Lock icon Shanghai Port set to finalise Belgian buy: sources
      416 20 Reuters [SHANGHAI] Shanghai International Port (Group) (SIPG), China's biggest port operator, expects to finalise this year its purchase of a major stake in a Belgium container terminal, sources close to the deal said last Friday. SIPG signed a framework agreement last September
      Reuters; BLOOMBERG  -  416 words
  • Page 20 Miscellaneous
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      230 20 CRYPTIC CROSSWORD 26 Give out centre part of text down 1 Two girls, one on each knee who never gets a first (6-2) YESTERDAY'S SOLUTION ,2 ,1 16 Not hampered by tight shoes? Across: 1 Birdcage, 5 Scorch. 9 2We don t want the criminal to (9) Cacha)ot 10Crum 12
      230 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11706 21 STRAITS TIMES INDEX STOCKS Stock name Wt Close Change Stodcname IK doje Change Stodiname W» Om Change Allgreen 0.57 1.990 -0.050 JMH 2.88 25.000 +0.200 SPH 2.79 4.380 +0020 Ascendasreit 0 97 2.790 -0.030 JSH 1.85 13.800 STEngg 1.55 3.700 +0M0 CaprtaComm 0.59 3.040 +0.040 JardineC&C 0.70 14.600
    11,706 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6996 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy Syr Jun 15 Index Change Change Change Change Change Change The World Index Preliminary 1196.5 0.9 8.7 15 97 LO 97 < EAFE Preliminary 1206.8 U 9.0 13 97 13 97
    6,996 words
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  • Page 23 Advertisements
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      1431 23 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK STXPOTBN CAM/NFK/NCH/SAV Loods Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.EJS.E.A. SERVICE Destination Destination LAURADA DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral ores, project
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      626 23 Ipwuuha woto IWVICi vßsa/vor wwncn ibchhw m km 10 w *L_ srunssuccess if io 14/ot i»/o* lAutnmiMJtotowrffq i VBsa/vor umco taanw m mm stp m m m FONUNA/ttf 30 2.4 of-0»/0t 23-23/0* 15-15/0* Z7 2S/U 30-30/0* roSdIVEIiAOBt/DIl 100 5.0 I*-I*/M 30-30/0* 02-02/07 044)5/07 07-07/07 11-11/07 DKESOtN /o*s 100 5.0 30-30/0*
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      1597 24 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R ....a. T1L*****588 (MUNIS) FJUL *****163 V\M IMAM II A I I INFC Customer S«rvice/Bookings Direct Um (1800) *****200 Yl V VvMIl IIMI LlllLj Bl TH: (03) *****ttt FAX: (03) *****281 FBI IB: (04) *****00 FAX: (********** %L—- JOH IB: (07) *****23 FAX:
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      1278 24 |Tjr\ EASTERN CAR LINER, LTD \V 1 1 SPECIALIZE HI RORO 4 HEAVY LIFT WTO 450 TONS ri—cm ufHwom I siw I wu. 1 rww I jkt I hk to ESTOELLA ETEHNA 145 60 tl/% ?4/06 z 21Z9Z BWSAAZUL IS 35 80 ?4/D6 26/06 2J/06 LUNA A2UI U. ?5 M
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      669 24 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS msfl I m I a I turn coiowo wshw IcotowT" imntum mm 12 juw mia 14J1B! SLIM UAH— Howmw 0043W 19 JUW 20JUH 23JUW 21M—JUM louranw ffwio7 ?6iuw 27juw 30juw I mjui I mm. ALSO ACaPTMG
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6638 25 This £TA ETA Advtrtiscr Vint! Voyag* Tttaphon* SIN D«ffn Nam* Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 27/06 06A}7 SCI SCIDIYA 720W *****355 To ADELAIDE (ADL) 2007 Australia 01/07 20/07 China Shpg ANl WARRINGA 006S *****898 01/07 20/07 PTDjakarta ANl
      6,638 words
  • Page 25 Advertisements
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      508 25 Ivissil VOY PKL SIN KHI DXB BAB I DMM BR KHO IRAN BAABAEI PCLB2O3 22/06 23/06 02/07 05/07 06/07 12/07 13/07 13/07 IRAN SATTARI PCLB2O4 02/07 03/07 12/07 15/07 16/07 22/07 24/07 26/07 IRAN TABATABAEI PCLS2O6 05/07 06/07 15/07 11/07 19/07 25/07 27/07 29/07 Ivissil voy sin nhs bnp dxi
      508 words
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      501 25 PACC Container Line Pte Ltd PACIAMOA 2015 M 17/0* 11/8* PACIAMOA NUN If/0* 10/O* aiamm m* i»/o* w/o* PACIANOA WITH N/0* 11/0* Mt m m m WCggg WW 17/0* )«/0* M( RUMT PIOI7I 11/0* M/ 0* MCRUMT PR0379 N/0* 02/07 MC RUMT PRO3N 07/07 00/07 vot SINARIOMOOK 133 10/0* M/
      501 words
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      310 25 Figft GLORY NAVIGATION GROwl (swa it7o) I I OWNS ft OPERATES THE YOUNOIST FLEET TWILVI 7,000 DWT TWIKN DICKERS covnuNO I I THI KNTIRI ASIA PACIFIC PORTS I m MOULAft WIHOY MRVKIS: IKAOHSIUNO A CHINESE POUTS, MONO KONO TO A FROM I SOUTHEAST ASIA SMMPOKt :HMPWOON{MPFM(S)PIII» 114 KHSOM ROM), *01-01
      310 words
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  • BizIT
    • Article, Illustration
      Lock icon Polycom inaugurates Asia-Pac HQ
      407 27  -  It has already invested $1m towards setting up its office here By AMIT ROY CHOUDHURY POLYCOM, a major global provider of conferencing and collaborative solutions to companies, on Friday officially inaugurated its Asia-Pacific headquarters in Singapore. The company had announced last year that it would shift
      407 words
    • Article
      Lock icon Acceleration in the great WAN world
      813 27  -  <you say> BY LIM PUN KOK IN our competitive world, it is a rat race for organisations striving to stay abreast with the most advanced technologies that will enhance their business environment while maintaining productivity and efficiency among employees. Therefore, Internet connectivity, security and
      813 words
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      Lock icon Next-generation network to come under spotlight at imbX
      550 27  -  By WINSTON CHAI THE Infocomm Media Business Exchange (imbX) series of exhibitions kicks off this week with the usual showcase of enterprise technology gadgetry, but Singapore's quest to fatten its broadband pipes means fibre-optic networking technology is likely to come under the
      FILE PHOTO  -  550 words
    • Article, Illustration
      Lock icon <what's new>
      330 27  - &lt;what's new&gt; Compiled by WINSTON CHAI LG keeps its 'Shine' with new phone LG has launched a second "Shine" handset for fashion-conscious consumers. Unlike its flagship offering which sports a slider design-, the new phone has a traditional candy-bar style but it still retains the metallic exterior of its predecessor.
      330 words
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      Lock icon It's music, games and maps for Nokia
      1058 28  -  It is gearing up to meet rising expectations of customers, the company's chief technology officer tells AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE world's biggest mobile handset maker, Nokia Corporation, is looking to provide a host of services like music, gaming, maps and
      REUTERS  -  1,058 words
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      Lock icon World of e-sports braces for sea change
      543 28 [SEOUL] His fingers flying under the glare of bright stadium lights, the young man in a silver-and-white space suit makes hundreds of female fans swoon with his every move by using a keyboard and a mouse. Video-gamer Lee Yunyeol, 22, is playing StarCraft,
      AFP  -  543 words
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      Lock icon Digital media to feature strongly at imbX
      671 28  -  By ROLAND LIM BUILDING on the momentum of the government's $500 million effort to boost Singapore's interactive and digital media industry, this year's Infocomm Media Business Exchange (imbX) features a host of events that will interest digital media professionals and enthusiasts. New to
      671 words
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      Lock icon <what's up>
      228 28  - &lt;what's up&gt; Compiled by WINSTON CHAI SAS CEO to deliver S'pore address JIM Goodnight, the CEO of business intelligence software specialist SAS, will be giving a talk in Singapore on June 26. To be held at the Shangri-La Hotel, the address will focus on how Asia is shifting the worldwide
      228 words
  • Page 27 Advertisements
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      58 27 LIVE LIFE BETTER WITH M/&1M f R f Rubber; DEAL 01Anna I\lo DEAI if®iU Tl r£ $Uju i i i i i i !I\ I I WITH EVERY COPY PURCHASED! lantern Lianhe Zaobao I Chinese speculator I I pushed I I worthless I I put warrant's I I price up
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