The Business Times, 3 July 2007
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2007-07-03
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The Business Times
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Title Section20 2007-07-03 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Tuesday, July 3,200720 words
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Article, Illustration957 2007-07-03 1 KALPANA RASHIWALA - Q2 private home prices surge 7.9%, with gains reaching mass market and HDB resale segments By KALPANA RASHIWALA [SINGAPORE] Official flash estimates show the rise in home prices spreading beyond the high-end to other parts of the market including private condos957 words
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688 2007-07-03 1 CHOW PENN NEE - Success of recent deals is generating further interest in the market By CHOW PENN NEE [SINGAPORE] Buoyed by the recent successes of reverse takeover (RTO) deals in the market, companies are increasingly choosing this route to list on the Singapore Exchange688 words
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Article132 2007-07-03 1 STI 3,550.34 (+2.14) ST INDEX FUTURES 3.555.00 (+1.00) SIMSCI 437.16 (unch) SIMSCI FUTURES 436.00 (+0.60) MARKETS Monday Change KLCOMP 1,364.37 +9.99 NIKKEI 225 18,146.30 +7.94 HANG SENG closed SET INDEX 792.71 +15.92 JAKARTA COMP 2,167.820 +28.542 MANILA COMP 3,691.68 +26.45 SEOUL COMP 1,771.35 +27.75 SHENZHEN B 665.51 -6.69132 words
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Page 1 Advertisements
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Advertisement30 2007-07-03 1 TOP STORIES J\A| EU insurers refuse Indon airlines page 2 INSIDE No rise in prices in outlying areas page 3 Govt to ensure sufficient supply of homes: URA page 330 words
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Advertisement12 2007-07-03 1 MALAYSIA KL files civil suit over online scam page 12 8 |U12 words
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Advertisement61 2007-07-03 1 /A J& d SME SPOTLIGHT: s SUCC6SS PROPERTY Subprime America will infect Asia and Europe page 20 o ULYSSE/ NARDIN JSSsjjSL-. Visit Ulysse Nardin at THE HOUR Gl ASG i|: Miil >1 M I IMI •I'• I '<>• i THE TeMPLe OF TIMe Raffles City Convention Centre Singapore 05.09.07 09.09.0761 words
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TOP STORIES
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572 2007-07-03 2 ANNA TEO - S'pore's public sector IT contract spending ahead in Asia but trails UK, Australia By ANNA TEO [SINGAPORE] Governments that do not outsource their IT operations fail to reap the full gains of the technological revolution and miss out on sizeable macroeconomic benefits,572 words
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Article, Illustration517 2007-07-03 2 LAUREL TEO - Move seen hurting local tourism in places not served by foreign carriers By LAUREL TEO in Jakarta INSURERS in Europe are refusing coverage for tourists flying on Indonesian aircraft, in what could be a potentially big blow to the South-east Asian nation's efforts toAFP - 517 words
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Article496 2007-07-03 2 No rise in property prices in outlying areas of S'pore WHILE private property prices in many parts of Singapore have shot up over the past two years, prices in the north, north-east and west have either remained flat or dropped. Partly due to this, a range of units496 words
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Article158 2007-07-03 3 Selected properties going for under $500psf PROPERTY PSF TYPE PROJECT DISTRICT COMPLETION The Aberdeen 469 FH 1997 12 Moonstone View 490 FH 2000 12 Euro-Asia Park 474 FH 19% 13 The Sunny Spring 471 FH 1998 14 EscadaView 443 FH 1997 14 Casa Aroma 450158 words
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377 2007-07-03 3 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] In a departure from tradition in recent years, the Urban Redevelopment Authority (URA) yesterday commented on the state of the private residential market when it released the latest price indices. It also seemed to have some advice for377 words
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Article, Illustration700 2007-07-03 3 UMA SHANKARI - Home prices in north, west remained flat or dropped: Savills By UMA SHANKARI [SINGAPORE] For property prices, this could be a tale of two cities. While housing prices in many parts of Singapore have shot up over the past two years,Source URA,Savils Research & Consultancy - 700 words
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Advertisement14 2007-07-03 2 people Hunting season has begun. (Target: Private Bankers) www.thHpeoplf;ntwork com Asia Pacific Executive Search14 words
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Advertisement26 2007-07-03 2 Want the best price? Hold an auction. Call 1800 289 8822 or email notiees@sph.eom.sg to book your auction notice in our newspapers now. J 1 I26 words
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Advertisement221 2007-07-03 3 Building wealth is a dynamic process. The ÜBS Core-Satellite investment approach offers flexibility in structuring your portfolio to meet long-term goals as well as seize short-term opportunities. Stability. The bulk of your investment is in a strategic core set of managed solutions. Comprising well-diversified investments with several longer-term strategies, the221 words
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SINGAPORE MARKETS
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Article, Illustration524 2007-07-03 4 CONRAD TAN - STOCKS Lack of direction evident in the movements of stock markets in Japan, China and South-east Asia CONRAD TAN Reporter HE week started on a I sombre note, the mood dampened by renewed terrorist scares in London and Glasgow in the UK over theSource: Bloomberg - 524 words
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Article, Illustration895 2007-07-03 4 UMA SHANKARI - Compiled by UMA SHANKARI Sing Tel July 2 dose: $3.40 ÜBS INVESTMENT RESEARCH. June 29 SINGTEL acquires 30 per cent of Warid Telecom: Sing Tel announced the acquisition of a 30 per cent stake in Warid Telecom in Pakistan. In our view, this acquisition is a positive for895 words
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Article, Illustration901 2007-07-03 4 SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL Up Down Unch Up Down Umh Up Down Unch Multilnd 6 10 2 000 6 10 2 Manufacturing 91 88 53 17 20 18 108 108 71 Commerce 25 35 23 8 10 5 33 45 28 Tpt/Stor/Comms 14 21 7 0 1 2901 words
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Article, Illustration513 2007-07-03 4 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE start of the year's second half saw the US dollar sliding anew yesterday, recording fresh 2007 lows not only against high-yield favourites such as the Australian and New Zealand dollars but also the Chinese yuanSouce: Reuters - 513 words
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COMPANY NEWS
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172 2007-07-03 5 AFTER more than three decades, Metro founder Ong Tjoe Kim has relinquished his position as executive chairman of the board, the retail and property group said yesterday. He will be replaced by former armed forces chief Lt Gen (Retired) Winston Choo as chairman. Mr172 words
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319 2007-07-03 5 ARTHUR SIM - It will be S'pore's first listed Indian real estate trust By ARTHUR SIM BUSINESS park developer Ascendas is set to launch Singapore's first listed Indian real estate trust, which will raise between $470 million and $550 million. The JTC Corporation subsidiary319 words
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216 2007-07-03 5 REFINER Singapore Petroleum Company (SPC), which recently ventured into oil and gas exploration, and Vopak Terminals Singapore, which operates one of the biggest independent oil terminals here, are among the five shortlisted contenders for the inaugural Energy Company of the Year, Asia216 words
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667 2007-07-03 5 LYNETTE KHOO - HOCK LOCK SIEW By LYNETTE KHOO NOT every reverse takeover (RTO) deal is a sure win for investors, looking at the stocks that have been underperforming the broader market since their RTOs. But when the conditions are right, an RTO667 words
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564 2007-07-03 6 CONRAD RAJ - SembMarineand KepCorp among 5 stocks upgraded By CONRAD RAJ THE outlook for Singapore shipyards, especially the world's two largest offshore rig builders, Keppel Corporation and SembCorp Marine, looks good till at least 2015, says JP Morgan Securities Singapore in a new report. The564 words
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Article, Illustration472 2007-07-03 6 OH BOON PING - They aim to have a combined $160 m in automotive revenue by 2009 By OH BOON PING AUTOMOTIVE specialists Armstrong Industrial Corp and Innovalues have joined forces for global expansion. They target to have a combined $160 million in automotive revenue byFILE PHOTO - 472 words
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Article, Illustration586 2007-07-03 6 R SIVANITHY - Group could post 18% Ebit growth over next 3 years By R SIVANITHY HEINEKEN Asia Pacific, which together with Fraser Neave owns mainboardlisted Asia Pacific Breweries (APB), is upbeat on growth in the region. In an interview with BT last week, Heineken AsiaPATRICIA STEUR PHOTOGRAPHY - 586 words
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397 2007-07-03 7 JANICE HENG - 103.8 m shares offered at 35 cents each; 5m shares for public subscription By JANICE HENG CONFECTIONERY maker China Angel Food, which specialises in mooncakes, yesterday launched its initial public offering. The Guangdong-based company sees Singapore as a base for regional397 words
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COMPANY BRIEFS
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52 2007-07-03 7 KEPPEL Seghers, the environmental technology division of Keppel Integrated Engineering, has secured a $7.2 million contract to design, build and operate a wastewater treatment plant in Laghouat province, Algeria The project is expected to be completed by end-2008, and Keppel Seghers will operate it for52 words
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45 2007-07-03 7 ASIAMEDIC has appointed Dr Khor Chin Kee as executive director and chief executive officer with effect from yesterday. With the appointment, acting CEO .Audi Solaiman has relinquished his office, but continues as an executive director of the company.45 words
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60 2007-07-03 7 BREADTALK Group said its wholly owned subsidiary, Top win Investment Holding, has bought one million new shares in Out Of The Box Pte Ltd for $1.2 million. The stake represents a third of the enlarged issued share capital of Out Of The60 words
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69 2007-07-03 7 TECHNICS Oil Gas said its joint operation in Indonesia, PT Promatcon Tepatguna JO, has secured a leasing contract from Vico Indonesia for the supply, operation and maintenance of three units of gas compressor equipment. The two-year contract is valued at more than $4 million, and69 words
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55 2007-07-03 7 Reuters SINGAPORE-listed South Korean shipping firm STX Pan Ocean yesterday said that it has acquired four new ships at under US$3O million each. The firm said in a statement that two of the vessels will be delivered in 2009, while the other twoReuters - 55 words
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Article70 2007-07-03 7 NYLECT Technology has received a letter of intent from Ezra Holdings, for the charter of two units of "multi-purpose self-propelled jack-up rigs" for a three-year period with an option to extend for one additional year. The potential value of these charters is about U*****.470 words
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47 2007-07-03 7 GOLDTRON Ltd has sold its property at 53 Übi Road 1 to Premium Automobile Pte Ltd for a sum of $5.5 million. This came after Premium exercised a purchase option granted earlier by Goldtron to buy the property at the agreed price.47 words
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Article, Illustration308 2007-07-03 7 CHOW PENN NEE - By CHOW PENN NEE MAINBOARD aspirant Financial One Corp has launched its initial public offering, becoming the first Taiwan-based financial company headed for a Singapore listing. The IPO, which has 225 million shares on offer at a maximum price of 90 US cents each, is308 words
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Advertisement194 2007-07-03 5 w ,ni ***** \wM gPBPIS BUM i iip|ii'___ 3 Mr* :> llP**" -mi r jztjn »iM|jjjjK'-- ;*-H W' M '^8 i Ma ■fr rIMfHV +*vmm.z r. \mk .^KiilllllnrT^ Singapore Tokyo Tokyo Singapore Morning Night Flight Flight No Pep Arr Flight No City Dep Arr Flight No City Pep Ait Flight194 words
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Advertisement309 2007-07-03 6 Corporate taxi travel without the hassle Introducing the Cabcharge Card Taxi travel needs and claims are made easier by just charging your taxi rides using the Cabcharge corporate card. Your staff will enjoy great convenience with cashless payment on board Singapore's largest fleet of over 16,000 taxis. Our itemized monthly309 words
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Page 7 Advertisements
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Advertisement843 2007-07-03 7 ■Hj Clj) Financial One J (incorporated in the Cayman Islands on March 10,2006) Company CF-*****6 NICHE PLAYER IN FINANCING SOLUTIONS Financial One is a leading Taiwan-based finance company that provides a variety of financing solutions to a customer base consisting primarily of small and medium-sized enterprises. The Company's business comprises843 words
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SINGAPORE NEWS
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378 2007-07-03 8 CHARMIAN KOK - Move part of plans to be top industrial automation player by 2010 By CHARMIAN KOK THE completion ofYokogawa Electric Corporation's 12-storey facility in Singapore will spearhead the company's regional growth and reinforce its global presence in industrial automation (IA), the company announced yesterday.378 words
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403 2007-07-03 8 GENEVIEVE CUA - Cashback benefit takes effect only at end of fifth year By GENEVIEVE CUA AXA Life is to offer a new life insurance policy which returns all of a surviving holder's premiums at the end of the allotted term. The insurance company hopes the403 words
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Article, Illustration308 2007-07-03 8 THE management of intellectual property (IP) policy requires a delicate balancing act, and each country has to decide how it can best use it for maximum gain, Intellectual Property Office of Singapore (Ipos) director-general Liew Woon Yin said yesterday. MsFILE PHOTO - 308 words
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Article, Illustration362 2007-07-03 8 SINGAPORE'S reputation as a world water-technolo-gy leader will get an extra boost in June next year at the first Singapore International Water Week. Next year's event will focus on urban water-man-agement solutions. It will feature a Water Summit, where 300FILE PHOTO - 362 words
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Article109 2007-07-03 8 SG named as judge of High Court SOLICITOR-GENERAL Chan Seng Onn, 53, has been appointed as a judge of the High Court with effect from yesterday. Mr Chan joined the legal service in 1987, and was appointed Judicial Commissioner of the Supreme Court in October 1997 and Solicitor-General109 words
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352 2007-07-03 8 ECONOMIC ties between Singapore and Shandong province has moved up another notch with new areas for collaboration announced at the 12th Singa-pore-Shandong Business Council (SSBC) meeting held in Jinan on Sunday. The workplan for the coming year was signed by Minister of State for Trade352 words
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Advertisement710 2007-07-03 8 PT International Nickel Indonesia Tbk NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Board of Directors of PT International Nickel Indonesia Tbk (hereinafter referred to as the "Company") hereby invites the Company's Shareholders to attend an Extraordinary General Meeting of Shareholders (the "Meeting") of the Company which will be held710 words
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SME spotlight
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Article, Illustration991 2007-07-03 9 CHARMIAN KOK - Educator Amanda Lian's love for educating young minds is evident from her vision and teaching style, writes CHARMIAN KOK CHARMIAN KOK WITH her vivacious nature and optimistic outlook in life, it's hard to miss Amanda Lian when you walk intoYEN MENG JIIN - 991 words
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Article, Illustration893 2007-07-03 10 NISHA RAMCHANDANI - Nota Design's target clientele are those who value quality design, writes NISHA RAMCHANDANI NISHA RAMCHANDANI gp OTA Design International \,H. Private Limited was born f r; as a result of passion. Pref' viously, its managing director Ong Sheng Keat m and its executiveARTHUR LEE - 893 words
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434 2007-07-03 10 TEH HOOI LING - By TEH HOOI LING GOLDMAN Sach's positive report on the Singapore construction sector, and its two stock picks for the sector Yongnam and Tat Hong helped boost the share price of the former by 24 per cent compared with a couple of weeks434 words
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Advertisement1193 2007-07-03 9 china milk products group limited K, Incorporated in the Cayman Islands (Company Registration Number: CT-*****6) CHINA MILK NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ot the Company will be held at Grand lyatt Singapore, Camellia 3,10 Scotts Road, level 3. Singapore *****1, on1,193 words
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Advertisement253 2007-07-03 9 Interest rate portfolio EURIBOR: Open for business in Asia EURIBOR Open for business in Asia Euronextliffe has extended the trading hours of its To find out more: flagship contract the EURIBOR Futures Contract Singapore office: +65 6322 1410 into the Asian trading day. singapore@liffe.com Now, the trading hours of the253 words
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Advertisement113 2007-07-03 10 Diners Club Card r. w 4.«»64i***** A World of Exclusive Privileges Treats Club JMBBMP www.Jiners.com.sff International EXECUTIVE LUNCH Let your taste buds travel France with our Executive Set Lunches* from just $28 Restaurant Available only on weekdays. Terms and conditions apply MERITUS 39th floor MANDARIN SINGAPORE www.mandarin-singapore.com Bg£ I% j113 words
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Advertisement40 2007-07-03 10 WE32m3EBuB3/^ Enjoy BBQ suckling pig and sauteed king prawns. You keep coming back for more! In the month of July Adults $28.80 t+ Children $18.80 Minimum of two people to dine in. Dinner: Daily Lunch: Weekends Public Holidays Captain's Table.40 words
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Advertisement80 2007-07-03 10 3 Persons lunch for the I n price of 2 inAx ly /"Immerse Yourself a Peranakan Lifestyle Served daily on weekdays from 11.45 am 3.00pm Adult S 22.80++ Child 14.80++ 5 Coleman Street, Singapore *****5 A Tel: (65) 6416 1132 Hmi Ximng Restaurant Parkroyal on Kitchener Road 181 Kitchener Road80 words
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Advertisement36 2007-07-03 10 m Poolside Caf£ Iyevel 4 One-for-One Chef's recommended 4-course Set Lunch. Main Course of Grilled Water Prawns with Scallops complete with Soup, Salad and Dessert. $29.80 L 25 Marine Parade, Singapore *****6 Tel: (65) 6340 212236 words
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ECONOMY WATCH
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346 2007-07-03 11 Bloomberg (SEOUL) South Korea's export growth at tpk*rated in Juno, helping extend the nation's longest economic expansion in a decade. Exports climbed 15.9 per cent from a year earlier after rising a revised 11.4 per cent in May, the Ministry ofBloomberg - 346 words
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Article, Illustration629 2007-07-03 11 ANTHONY ROWLEY - Tankan confidence indices no longer rising, signalling a peak in activity By ANTHONY ROWLEY in Tokyo JAPAN'S economic recovery appears to have peaked, despite continuing momentum from a weak yen and strong exports, according to the Bank of Japan's latest short-term survey of businessREUTERS - 629 words
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418 2007-07-03 11 Bloomberg [SHANGHAI] The yuan had its highest close since 2005 on bets China is allowing it to appreciate to stem inflation, a record trade surplus and economic growth, which the central bank forecasts will be the fastest in 12 years in 2007.Bloomberg - 418 words
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443 2007-07-03 11 How rough the change affects impact: study AFP [CHICAGO] Communism may be oppressive, but it seems as though capitalism is bad for men's health, according to a recent study which found significant increases in mortality rates after the collapse of the– AFP - 443 words
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444 2007-07-03 11 -AFP [JAKARTA] Indonesia's annual inflation eased slightly in June to 5.77 per cent, beating market expectations and signalling a possible further drop in interest rates, official data and analysts said yesterday. The consumer price index (CPI) for South-east Asia's largest economy last month-AFP - 444 words
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Advertisement99 2007-07-03 11 Pre-register online now (pre-registration closes Friday 6 July) Save queuing on the day and reserve your free copy t^ie Asia Traffic Show Directory. Traffic Transport Exhibition Network with road and rail operators, infrastructure developers, urban key the day Official Supporter Press and VIP St jpporter Supported by Held in Supporting99 words
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MALAYSIA
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634 2007-07-03 12 PAULINE NG - Investigative audits reveal massive losses at Megan, Transmile By PAULINE NG in Kuala Lumpur ALTHOUGH their losses were expected, the financial results of disgraced Malaysian public-listed entities Transmile Group and Megan Media were still shocking, leaving many to ponder how ostensibly profitable operations could634 words
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Article330 2007-07-03 12 Bloomberg [JAKARTA] PT Adaro Indonesia, the nation's sec-ond-largest coal producer, plans to sell shares in what would be the country's biggest initial public offering (IPO). Adaro may raise as much as US$6OO million selling between 20 and 30 per cent of existing and newBloomberg - 330 words
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648 2007-07-03 12 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur IN an unusual move, the Securities Commission, Malaysia's capital markets regulator, has taken civil action against the promoters of an alleged investment scam over the Internet that could have bilked Malaysian and other investors by as much648 words
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Article2510 2007-07-03 12 vol MI »M C000) AIM Realty 2.66 unch 0 Abric Bhd 0.31 -0.01 243 Advance Synergy 0.33 -0.01 657 Adventa Bhd 1.50 0.03 1531 Ae Multi Hldgs 0.32 -0.01 270 Affin Holdings 2.49 unch 1563 Ahmad Zaki Resou 3.36 0.04 248 Ak Corp 0.5* -0.04 88 Airasia Bhd2,510 words
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Advertisement1267 2007-07-03 12 i v Vfi Jttronics VALUETRONICS HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Co. Reg. No: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of VALUETRONICS HOLDINGS LIMITED ("the Company") will be held at Connection 3. Level 3, Amara Singapore, 165 Tanjong Pagar1,267 words
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GREATER CHINA/INDIA
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Article, Illustration366 2007-07-03 13 Residents worry that rivals will seize a bigger chunk of city's key businesses -AP [HONG KONG] Hong Kong's bustling streets were noisier than usual over the weekend as a parade of dancing dragons, guitar-strumming rockers and protesters chanting, "We want democracy!" marked the 10th-AP; REUTERS - 366 words
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364 2007-07-03 13 Reuters [TAIPEI] Taiwan presidential candidate Ma Ying-jeou wants closer economic ties with political rival China, including a free-trade deal and the removal of investment caps on businesses that operate on the mainland, spokesman Lo Chi-chi-ang said yesterday. The candidate from the mainReuters - 364 words
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190 2007-07-03 13 Reuters [SHANGHAI] Thfe net asset value (N/VV) of China's mutual funds had grown to 1.51 trillion yuan (*****.9 billion) by the end of June, up 77 per cent from the end of 2006, the Shanghai Securities News reported yesterday. TheReuters - 190 words
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339 2007-07-03 13 Bloomberg, Reuters [TAIPEI] Chinatrust Financial Holding Co, Taiwan's fourth-largest financial services company by market value, said it was unaware of Morgan Stanley's reported plan to buy a stake. "Chinatrust's management hasn't been informed about the Morgan Stanley plan," Chinatrust Financial chief strategy officer JasonBloomberg,; Reuters - 339 words
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357 2007-07-03 13 It is spending up to 20b rupees on a second plant Reuters [TAPUKARA, India] Honda Motor Co is keen for its share of rapidly growing markets like India and China to increase, its chairman said on Sunday, but Japan's second-biggest car makerReuters - 357 words
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216 2007-07-03 13 Xinhua [BEIJING] China's government is likely to scrap its "golden week" holiday system and make public holidays of more traditional festivals by 2009, a Chinese tourism expert has revealed. The week-long May Day holiday would be shortened to one day and the National DayXinhua - 216 words
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Advertisement73 2007-07-03 13 you are any the 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 find it a hassle73 words
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Advertisement287 2007-07-03 13 Gain fuller, Stronger looking hair with Glower. Understanding your hair problem is the first step to solving it. Hair problems may be brought conditions dandruff, oily/itchy scalp, flaky dry scalp, or due to poor and hair chemical damage. At Glower, our qualified trichologists will scientifically determine the root cause of287 words
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MIDDLE EAST
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Article321 2007-07-03 14 Momentum stays towards 4m bpd production target by 2020, says CEO -AP [DUBAI] Plans to ramp up oil production in Kuwait remain on track despite the resignation of the country's oil minister, a top official said on Sunday. Sheik Ali al-Jarrah al-Sabah, Kuwait's oil-AP - 321 words
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274 2007-07-03 14 Bloomberg [DUBAI] Emirates Bank International (EMI), the United Arab Emirates' second-biggest lender by market value, and National Bank of Dubai (NBD) have agreed to merge, creating the Persian Gulf s largest bank. The two banks suspended their shares from trading on– Bloomberg - 274 words
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286 2007-07-03 14 Bloomberg [DUBAI] Conergy, Germany's largest solar power company, will supply technology to Abu Dhabi. Mubadala Development, a state-owned investment company, said yesterday that it plans to install 40 megawatts of solar capacity, enough for 10,000 homes. Abu Dhabi is the capital and largestBloomberg - 286 words
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Article9253 2007-07-03 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S pore) Star Europe Eq»y' 1132/ Star Europe Bond 117/ Star Europe Bal 1 27/ Star Asian Tiger Eqty 1 543/ Star Asia Bond 1 322/ tor Asia Balanced 1 14/ Spr Global Technology Fund 1 0 232/ Mulo St Fd 1 002'9,253 words
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Advertisement56 2007-07-03 14 Aĺianz Global Investors AVOID THE POPULAR lf#F*Wa To° many investors can spoil any share selection method or any market timing formula. j|jj* tl l m FRANKLIN TEMPLETON Tell us about your Best Investment Experience with Franklin Templeton and you could be on your way to dinner INVESTMENTS W nVBS^ UrU/56 words
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WORLD
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461 2007-07-03 15 Potential bid for UK's cable company said to be worth about US$l9.6b NYT [NEW YORK] The Carlyle Group is in discussions with Virgin Media, the British cable company whose largest investor is Richard Branson, over a potential bid worth around US$2O billion, aNYT - 461 words
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303 2007-07-03 15 Bloom berg, Reuters Reuters [NEW YORK] Losses on bonds backed by sub-prime mortgages made in 2006 may swell to US$9O billion as more investors record losses, says Deutsche Bank. "There is likely to be news around quarter-end of more hedge funds that need to– Bloom berg, Reuters; Reuters - 303 words
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287 2007-07-03 15 Bloomberg [WASHINGTON] Manufacturing growth in the US accelerated last month to the highest level in 14 months, boosted by an increase in production and new orders, an industry report showed yesterday. The Institute for Supply Management's factory index rose to 56 from 55 in May.Bloomberg - 287 words
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345 2007-07-03 15 AP [MANIIj\] Asia faces risks of new financial shocks despite its remarkable recovery from the 1997-98 financial crisis, and regional cooperation is vital to keep the region strong, Asian Development Bank officials said yesterday. Speaking on the 10th anniversary of the crippling financialAP - 345 words
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442 2007-07-03 15 -Reu ters, Bloomberg Bloomberg [LONDON] The pace of investment flows into equity funds worldwide slowed sharply in the first half of 2007, with receipts amounting to 40 per cent of the new money absorbed in the same year-ago period, consultancy EPFR Global said.-Reu ters, Bloomberg; Bloomberg - 442 words
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Article, Illustration596 2007-07-03 15 -IHT [SYDNEY] Coles Group, a major Australian retailer, advised shareholders yesterday to accept a new takeover bid from a publicly listed conglomerate, Wesfarmers, after an assortment of private equity firms tiptoed away from what stands to be biggest deal in the country's corporate history. The-IHT; BLOOMBERG - 596 words
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Advertisement1437 2007-07-03 15 SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda on 26 March 2001) Company Registration Number: ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SWING MEDIA TECHNOLOGY GROUP LIMITED (the "Company") will be held at 80 Raffles Place, #25-01 UOB Plaza 1, Singapore1,437 words
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AVIATION
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Article, Illustration587 2007-07-03 16 DONALD URQUHART - Air traffic growth in Asia forecast at 6.3% a year against 5% worldwide By DONALD URQUHART [SINGAPORE] With the Asia-Pacific region leading the world in annual air traffic growth for the next 20 years, the region will need more than 8,000AP - 587 words
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498 2007-07-03 16 VEN SREENIVASAN - Airlines' average load factors remain strong at 73.7% By VEN SREENIVASAN [SINGAPORE] The world's airlines yesterday reported that the month of May had seen strong passenger figures and good freight demand. The airlines' trade body lata, the International Air Transport Association, said the498 words
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335 2007-07-03 16 Bloomberg [SINGAPORE] Air Asia, South-east Asia's largest budget carrier, plans to place an order for 25 sin-gle-aisle planes, valued at US$l.B billion from Airbus SAS, sources said. Air Asia is converting options for A 320 planes that were part of anBloomberg - 335 words
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Article2402 2007-07-03 16 CITY FLIGHT ETA PiKsKT CTD MMDMM S0455 1210 AS LH9771 1750 LM9770 2345 SQ268 1750 SQ269 2345 AflMMH NK04MS 1220 N804MS 1300 L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 Mk&m SQ348 0100 Ml—tl AC5202 2335 AC5203 06452,402 words
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Advertisement151 2007-07-03 16 BT/ZUJI Deals of the Week I i n MHtfil i 1 flu ihmi l^^^H^^H^^^Hwi^Hßfl^Hli im%-^iMg^E& i_^_ BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Hong Kong $1,785 $315 $69 United Airlines Thai Airways DESTINATIONS BUSINESS CLASS (from S) ECONOMY CLASS (from HOTEL (from WEATHER Hanoi $538 Vietnam Airlines) $200 Vietnam151 words
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Page 16 Miscellaneous
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Miscellaneous275 2007-07-03 16 CRYPTIC CROSSWORD In the po- 5 Refrain from initially challeng- 9 9 Unhelpful kind of compassion nobody else can offer (4-4) 11 I I I 10 Aircraft briefly had levelled to Tory Cor--22 Itinerants parking vehicles 22 23 Father backed mother, say __BB__JH__M[^Mpß__JHL_JßL_|^B__ 24 Ancient Roman numerals Lna LbJ LmJ275 words
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SHIPPING
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482 2007-07-03 17 Companies turning to overseas debt markets to fund expansion Bloomberg [SINGAPORE] Vietnam Shipbuilding Industry Group, Vietnam National Shipping Lines and other companies from South-east Asia's fastest-growing economy may borrow a record US$3 billion in the next 12 months, according to– Bloomberg - 482 words
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Article, Illustration503 2007-07-03 17 AP [ROSKILDE, Denmark] A 30-metre replica of a Viking longship glided out of Denmark's Roskilde fjord on Sunday, with 65 crew members determined to sail the ship across the North Sea to Ireland. Ireland Environment Minister Dick Roche was among the roughly 4,000 peopleAP; AFP - 503 words
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Article, Illustration360 2007-07-03 17 AFP [CHENNAI] A nuclear-pow-ered US aircraft carrier docked off the coast of southern India yesterday, an official said, as leftist parties denounced its presence in Indian waters. The USS Nimitz, one of the word's largest battleships, was docked 3.7 kilometres from the city,AFP - 360 words
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202 2007-07-03 17 Bloomberg [LONDON] The cost of transporting Middle East crude to Asia on supertankers snapped a nine-day slide as the number of spare vessels dwindled. The number of vessels available for hire next month has shrunk about 8 per cent since June 29Bloomberg - 202 words
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Article299 2007-07-03 17 SGX '000 Jul 2 S$ Vol Ch Offshore 0.78 0.04 5514 Chuan Hup Hldgs 0 43 0.03 ***** CoscoCorp 3.62 -0.12 6272 Cwt Limited 1.04 -0.02 2645 Ezra Hldgs 5 55 0 2S 822 Freight links 0.15 -0.01 8897 Grand Banks 1.14 0.01 15 Jaya Hold Ltd 1.83299 words
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251 2007-07-03 17 Union seeks seats on trusts for health benefits, pensions -AP [LOS ANGELES] Contract talks between a small but powerful seaport union and 17 of the world's largest shipping companies continued on Sunday, with one labour leader saying progress had been made-AP - 251 words
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Page 17 Advertisements
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Advertisement17 2007-07-03 17 Head to CATS FASTADS in MP s The New Paper for job opportunities! BUY fT'SELt iT-fINOIT 117 words
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Advertisement10 2007-07-03 17 URBAN YOUR GUIDE TO LOOKING GOOD V"-*5; B jr I,10 words
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EDIORIAL & OPINION
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489 2007-07-03 18 EDITORIAL JAPANESE Prime Minister Shinzo Abe may be about to be ousted within a month or so. Mr Abe approaches the July 29 Upper House election with his own popularity ratings as well as those of his Cabinet at rock bottom. If his489 words
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Article, Illustration921 2007-07-03 18 ANDY MUKHERJEE - It is heading for the fastest pace of expansion in 12 years despite monetary tightening By ANDY MUKHERJEE REMIND me again: Wasn't 2007 supposed to be the year of soft landing for the Chinese economy? Halfway into the year, and after several rounds of monetaryREUTERS - 921 words
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Article, Illustration812 2007-07-03 18 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent IT'S not that American journalists and pundits weren't having enough fun covering the 2008 presidential election, which could conclude with the first woman (who also happens to be a former first lady), or the first Afri-can-American,812 words
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Article, Illustration778 2007-07-03 19 PAUL KRUGMAN - Many investors who bought bonds backed by subprime mortgages didn't realise what they were getting into By PAUL KRUGMAN NYT WHAT do you get when you cross a Mafia don with a bond salesman? A dealer in collateralised debt obligations (CDOs) someone who makes you– NYT; AP - 778 words
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190 2007-07-03 19 N Parameswaran - LETTERS TO THE EDITOR N Parameswaran High Commissioner of Malaysia Malaysian High Commission Singapore I REFER to the report, "IDR to unveil investor incentives in Q3" (BT, June 28). At the end of it, there is a reference to my statement on190 words
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189 2007-07-03 19 Angelina Fernandez - Angelina Fernandez. Director (Communications) Monetary Authority of Singapore THE column, "Let's not make an Opera out of IPOs" (BT, June 28), is incorrect in claiming that poison pen letters have caused unnecessary delays in the public offering process of many companies. MAS carefully189 words
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430 2007-07-03 19 Foo Kok Jong - Foo Kok Jong Singapore I REFER to the report, "Corporate governance issues get an airing" (BT, June 28). Many companies implement corporate governance regulations only in form but not in terms of actual spirit and substance. I just430 words
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Article102 2007-07-03 19 Fax your letters to 6319-8277 or email them to btletter&sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level,3. Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws.102 words
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101 2007-07-03 19 Goh Khee Kuan - Goh Khee Kuan Singapore SINGAPORE Exchange says that it upholds the highest standards in corporate disclosure (BT, June 29). What about corporate governance? There are listed companies that have the same composition of people serving on the audit committee, remuneration committee and nominating committee.101 words
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Page 19 Advertisements
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US SUBPRIME FIASCO
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Article, Illustration1286 2007-07-03 20 DARRYL ROBERT SCHOON - That's because most of the CDOs are owned by investors and institutions in those regions, says DARRYL ROBERT SCHOON DARRYL ROBERT SCHOON THE collapse of the US housing market will have consequences far beyond the borders of the US for the majority ofBLOOMBERG - 1,286 words
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Article1347 2007-07-03 20 NYT SETH Weinstein is not a guy who likes to run a tab. He has only two credit cards one for his personal use and one for business and he says he pays them in full each month. He even wrote a cheque the last timeNYT - 1,347 words
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Page 21 Advertisements
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Advertisement1405 2007-07-03 21 111 iH A. SINGAPORE COSCO CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number:l96lools9G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of COSCO Corporation (Singapore) Limited (the "Company") will be held on 17 July 2007 at 11.30 a.m. at1,405 words
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Advertisement1010 2007-07-03 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CSI SPORTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****9026R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 24 Boulevard Princeue Charlotte MC ***** Monaco on the 29th day1,010 words
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Advertisement3010 2007-07-03 21 IDT IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0219E) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the annual general meeting of IDT Holdings (Singapore) Limited will be held at Venus 1, Level 3, Furama RiverFront Singapore, 405 Havelock Road. Singapore *****33,010 words
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Article12038 2007-07-03 22 SGX MAINBOARD Transaction date: Jul 2 52-wks Tel Last Vol Day last Quote Div GrVM Net M Cap High Low Code Company Sale ('000) High Low I uyer Seller Cot P/i Smil 3.5 2 5716 1st 5oftware 2 susp 8 4 205 6 3148 8Telecom 19 unch 136212,038 words
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Article5729 2007-07-03 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy %yr *dy %yr Jun 29 Index Change Change Chang* Change Change Change World Index Preliminary 1181.5 0.6 7.4 0.4 8.0 0.7 8.3 t EAFE Preliminary 1193.8 0.7 7.8 0.6 8.7 05 9.0 Europe5,729 words
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Page 23 Advertisements
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Advertisement182 2007-07-03 23 YOU DECIDE j* Gain advantage from global market volatility by using FX, FX Options, CFDs, Futures < m and Equities. Now you have control over your trades with SaxoTrader, the award- GET A FREE US$lOO,OOO ftjSsnW P6MOACCOUHTHOW h flbte Real-time pricing, rapid execution and Comprehensive charting toolkit Web wwmsaxomarketo.com.sg updated182 words
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Page 24 Advertisements
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Advertisement1983 2007-07-03 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME MASTER RDM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT BRIGHT MORNING INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral1,983 words
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Advertisement467 2007-07-03 24 vXn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com Vtssa VOY »W ~HBOHT SIN IK MAO SAV Ml OOF TEXAS Af72l 4201 MS MM 12/07 OMIT 11/01 22/01 25/08 25/08 TAMERLANE AF722 3201mh 6.4 M 29/07 20/01 29/08 02/0* 06/09 04/09 TAMO Af723 4201NS 6.4 M 09/08 02/09 11/09 15/09 17/09 17/09 Mtw467 words
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The business times Shipping times
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4926 2007-07-03 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 15/07 26/07 SCI EMIRATES KABIR 727W *****355 To ADELAIDE (ADL) 2007 Australia 15/07 03/08 China Shpg ANl WINDARRA 005S *****898 15/07 03/08 PTDjakarta4,926 words
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Page 25 Advertisements
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Advertisement740 2007-07-03 25 WAN HAI INTERNATIONAL PTE LTD NO: **********0/R VTkt\IAIAM uA I Mkirr T^ *****5 04UNES) FAX:*****163 V WAN HAI LINrS Cus»«n« Servke/BoolungsDired line-(1800) *****200 V V''" ll hllVh*# PUTH: (03) 334MU1 FAX: (03) *****25S P9t TH: (04) 72(5400 MX: (*****94W Y" JOH TH; (07) *****23 FWL (07)*****21 SW IH; (031) *****75740 words
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Advertisement1014 2007-07-03 25 IVISSEL VOY PKL SIN KHI DXB BAB PMM BIK KHO IRAN SATTARI PC ***** 03/07 04/07 13/07 16/07 17/07 23/07 25/07 27/07 IRAN TABATABAEI PCLB2O6 06/07 07/07 16/07 19/07 20/07 26/07 28/07 30/07 IRAN BAABAEI PCLB2O7 16/07 17/07 26/07 29/07 30/07 OS/08 07/08 09/08 I VESSEL VOY SIN NHS BNP1,014 words
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Advertisement762 2007-07-03 25 ft QdjifA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL mi SIN PKUWG COLOMBO N SHEW COLOMBO RAJIV GANDHI OIISW 04 JUL OS JUL 08 JUL 12 JUL It JUL MAHIVIA OIIW 10JUL II JUL 14 JUL 18 JUL 22 JUL KOTA PAHLAWAN YPHO6t762 words
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PROPERTY
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Article, Illustration265 2007-07-03 27 It, however, plans to finish construction of another building Reuters [LONDON] Canary Wharf Group, a subsidiary of Songbird Estates, said yesterday it had sold an office development in Canary Wharf, east London, for £290 million (SsBB9 million) to Fitch Ratings Ltd parent Fimalac. TheReuters; BLOOMBERG - 265 words
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436 2007-07-03 27 £1b sale reflects yield of 4.5%, says joint buyer Derek Quinlan Bloom berg [EDINBURGH] Citigroup's European headquarters in London's Canary Wharf was bought by Derek Quinlan, an Irish investor, and Propinvest Holdings for about £1 billion (553.06 billion) in the UK's sec-ond-largest commercial property– Bloom berg - 436 words
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Article, Illustration545 2007-07-03 28 ARTHUR SIM - Office space crunch, rising rents spur firms to look to high-tech properties By ARTHUR SIM AVERAGE rents for high-tech industrial space have increased by 11.9 per cent, the highest quarterly increase in the past five years, boosted by a migration of businessesSource: CBRE; Source: DTZ - 545 words
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Article138 2007-07-03 29 AN eight-unit freehold residential site in East Coast has been put up for collective sale with an asking price of $20 million. The price for the land at 16-22 A Pulasan Road, measuring 21,334 square feet, works out to $548 per sq ft per138 words
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174 2007-07-03 29 Bloomberg [DUBAI] Abu Dhabi Commercial Bank (ADCB), the United Arab Emirates' third-biggest lender by assets, plans to set up mortgage finance and property development units in a bid to tap the emirate's building boom. The mortgage unit will be an "equal venture" with UAE developersBloomberg - 174 words
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Article, Illustration237 2007-07-03 29 HAN MIN CHUNG - Current chief exec Cameron Ong has quit to pursue personal interests By HAN MIN CHUNG TOURISM and hospitality industry veteran Jennie Chua will be the new chief executive officer of the Ascott Group from August 1. Ms Chua will succeed Cameron237 words
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Page 27 Advertisements
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Advertisement114 2007-07-03 27 FordAvenue^^^^^JustSold^^^^sl3J^^ Belmont Road 16,300 sqf $13.xM Binjai Pk 20,300 sqf $15.xM Bukit Tunggal Rd 20,300 sqf $17.xM Cluny Park 16,000 sqf $17.xM Cornwall Gdn 15,700 sqf $12.xM East Sussex Lane 37,000 sqf $18.xM Gallop Road 15,800 sqf $16.xM King Albert Park 15,500 sqf $9.xM Leedon Road 18,300 sqf $14.xM Morley114 words
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Advertisement276 2007-07-03 27 RARE MIXED USE DEVELOPMENT SITE FOR SALE BY TENDER 1 N. V. Prime location along Alexandra k Residential with Ist storey Commercial Is• Freehold v\\\\ \?Y> —SaX Site Area approximately lA Ywl 2£££&k/ Avv n, 50,838 sq ft Ttai- Vk I Plot Ratio 3.0 s®"* Height control up to 4276 words
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Advertisement376 2007-07-03 27 ■f PARAMOUNT HOTEL AND SHOPPING CENTRE I 25 Marin* Parade Road and 30 East Coast Road I Prominant double main road frontagas I Fraahold sit* arsa of 102,684 sf I "Hotel" Zoning I Outline Approval for Plot Ratio 3.0 (for "Hotel") I Existing Plot Ratio 2.36 Rar* opportunity to own376 words
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Page 28 Advertisements
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Advertisement126 2007-07-03 28 savills e* 19 Woodlands Sector 1 Site area of 42,852 sq ft Gross Floor Area of 52,744 sq ft Tenure: 30 30yrs with effect from 16 April 1997 For enquiries, please contact: Dominic 9825 2101 Terence 9841 5868 Tate Residences *****f, 3+l The Trillium 1400sf, 2+study+balcony St Thomas Suites 3400/1820sf,126 words
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Page 29 Advertisements
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Advertisement211 2007-07-03 29 For Sale by Tender Prime Residential Redevelopment Site at Dist 09 Scotts Square Orchard Rn^ Wheelock The Orchard ac Place Residences Orchard..,. orCh r B oulevar jf M S r NgeeAnn -o R°ad City Somerset D Pt MRT 3 Dev °nshir e Road o I r- 4 I \x V211 words
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Advertisement227 2007-07-03 29 W\ Land area 104,744 sf; Freehold j Bedok \S\ 0000^ 00 mrt w GPR 1.4, up to 5 storeys Prf Sch V. Bedok Rivera Potential for 83 units x 1,200 sf t/l\ JuntoC College ResidencM®^^/ \i\ Regular-shaped plot [Oj/ VBOOZKD —Jsubject rail Close to amenities at East Coast Park Siglap227 words
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Page 30 Advertisements
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Advertisement182 2007-07-03 30 8 River Valley Close 128,300 sq ft of Prime Freehold |H|RII Residential Land in District 9 jCfSkTillFcl Rivergate Tribeca Singapore Great World The Trillium The Cosmopolitan (u/c) (u/c) River City (u/c) (u/c) s] I Collective Sale of I Grand Hyatt Hotel PACIFIC MANSIONS Park The UJ Hotel Istana Plaza Claymore182 words
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