The Business Times, 5 July 2007
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2007-07-05
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The Business Times
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Title Section22 2007-07-05 1 THE BUSINESS TIMES Thursday, July 5,2007 online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents22 words
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Article, Illustration747 2007-07-05 1 CONRAD TAN - Tally of hedge fund managers here jumps 76% to 190 By CONRAD TAN [SINGAPORE] Singapore's booming asset management industry saw its sixth consecutive year of doubledigit growth in 2006, boosted by continuing worldwide interest in Asia's rapid economic expansion, the Monetary Authority ofBLOOMBERG - 747 words
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Article132 2007-07-05 1 STI 3,554.85 (-14.58) ST INDEX FUTURES 3,559.00 (-15.00) SIMSCI 437.16 (-2.53) SIMSCI FUTURES 437.60 (-2.10) MARKETS Wednesday Change KLCOMP 1,377.14 +4.00 NIKKEI 225 18,168.72 +18.82 HANG SENG 22,218.55 +67.41 SET INDEX 825.45 +11.93 JAKARTA COMP 2,196.10 +6.99 MANILA COMP 3,731.66 -20.33 SEOUL COMP 1,838.41 +32.91 SHENZHEN B 678.02132 words
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990 2007-07-05 1 KALPANA RASHIWALA - They may not have factored in additional supply generated by latest govt initiatives By KALPANA RASHIWALA [SINGAPORE] The URA yesterday said property consultants' projections of office rent hikes like Savills' projection last week that Singapore office rents could surpass Hong Kong's by990 words
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Page 1 Advertisements
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Advertisement7 2007-07-05 1 COMPANIES Exposure to property not excessive: DBS7 words
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Advertisement10 2007-07-05 1 STOCKS More S'poreans keen to invest in stocks PAGE 810 words
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Advertisement24 2007-07-05 1 a|V|B OPINION j H Indonesia should be ||k part of BRIC grouping PROPERTY LianßengbuysB semi-detached houses fors42m page 32 |1 RbBBHSHT- II n IL24 words
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TOP STORIES
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Article385 2007-07-05 2 Blackstone to buy Hilton for US$20b plus debt US private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp for about US$20 billion plus debt, the richest in a series of recent private equity offers for hotel companies. Blackstone will pay US$47.50 per share in385 words
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699 2007-07-05 3 The US private equity firm agrees to pay 32% premium to Hilton stock price Reuters, AFP [LOS ANGELES] US private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp for about US$2O billion plus debt, the richest in aReuters,; AFP - 699 words
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Article, Illustration579 2007-07-05 3 JANE MOIR - Antony Leung had divulged currency peg policy details By JANE MOIR in Hong Kong SECURITY chiefs in Hong Kong have drawn fire from lawmakers for refusing to say whether they are investigating a former financial secretary for allegedly flouting officialAFP - 579 words
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Article, Illustration851 2007-07-05 2 MICHELLE QUAH - Ex-NKF chairman and wife arrested; S'pore to initiate extradition process By MICHELLE QUAH [SINGAPORE] Former National Kidney Foundation (NKF) chairman Richard Yong and his wife were arrested in Hong Kong yesterday —just two months after the couple fled Singapore. Yong, whoFILE PHOTO - 851 words
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524 2007-07-05 2 CHUANG PECK MING - Only 15 Japanese companies polled hit by some piracy By CHUANG PECK MING [SINGAPORE] The progress Singapore has made in protecting intellectual property rights (IPR) is mirrored in a recent survey, which shows only 17 per cent of 87 Japanese524 words
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Page 2 Advertisements
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Advertisement271 2007-07-05 2 npnnlp ur r sum MfArlf includes Fortune Vwf? 8 500 companies. www.thepeopleatwork.com Asia-Pacific Executive Search In 9 I nratinncl m 12 14 September 2007 17-19 September 2007 in L LQUailOnS. Orchard Hotel Singapore The Park Lane Hong Kong Compelling insights from the most respected Communication Leaders, Experts and Bloggers! H271 words
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Advertisement58 2007-07-05 2 t ~?t f*> I i-.. fc* ,-i 4; i -> «v,/* v' %f i/. '+Jfl'' n-ajV®* -r t f V, I .< v •>. i .4,t- :V-. -,vv v. n flp ttTlfl M H| M k -/1 Mv A -C- <> IJD t'-r> ■'>.. v *rtr «W{ if fMt n58 words
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Page 3 Advertisements
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Advertisement94 2007-07-05 3 7save tax/ Our qualified professionals J can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Seychelles Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate94 words
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COMPANY NEWS
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Article, Illustration575 2007-07-05 4 R SIVANITHY - Surge in trading driven by interest in marine sector, STI By R SIVANITHY THANKS to a surge of interest in warrants on the marine sector as well as the Straits Times Index, turnover in the warrant segment for the first halfFILE PHOTO - 575 words
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625 2007-07-05 4 CONRAD RAJ - HOCK LOCK SIEW By CONRAD RAJ THE offer by Bharti Airtel, one of India's largest telcos, of a 4.99 per cent stake to Singapore investment company Temasek Holdings raises an interesting question: Why wasn't Singapore Telecom (Sing Tel), which already has625 words
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356 2007-07-05 5 JANICE HENG - By JANICE HENG NEW Oculus executive chairman Mike Lee Kheng Siang plans to turn the former contact lens maker into an energy play, starting with the proposed acquisition of a China hydropower plant. The plant is expected to bring 80-85 million yuan356 words
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251 2007-07-05 5 RONNIE LIM - By RONNIE LIM OILFIELD equipment supplier SSH Corporation part of Indonesian tycoon Kris Wiluan's oil trio here has clinched three contracts totalling $37.8 million. The largest contract worth $29.8 million is for Sime Darby Engineering Malaysia. It covers steel plates needed by251 words
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Article, Illustration670 2007-07-05 5 VEN SREENIVASAN - By VEN SREENIVASAN PROPERTY group Heeton Holdings could recoup its entire initial investment in its exclusive The Lumos condo by selling just two penthouses and a few midsized units during this weekend's pre-invitation launch. The company is confident that over a third of the670 words
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Article, Illustration569 2007-07-05 4 CHOW PENN NEE - Group says 80% of its housing loans are to owner-occupiers By CHOW PENN NEE THE red-hot property market has thrust banks into the spotlight over their heavy lending to developers and property owners. Some have said that banks might beFILE PHOTO - 569 words
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384 2007-07-05 5 CHARMIAN KOK - Interest likely to build ahead of results as market remains robust By CHARMIAN KOK GIVEN the healthy market momentum, interest in broking firms is likely to build up ahead of their release of second-quarter results and this may offer investors shorterterm trading opportunities, says384 words
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Page 4 Advertisements
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Advertisement171 2007-07-05 4 JL D'Rimbunan Leisure Farm, Johor FPFf Shuttle Service iiriffii, (bring along your passport) A jj Singapore Sales Office* Leisure Farm )tl f»^^j|^M[^»','iM' Departure Time: 30am and 11.30 am Leisure Farm Sales Departure Please refer fo address bottom ja|Wg aTa! 11\ 3wf 4 a V*( j7||T|TJ| VaTal |'|11'|11 111 L One171 words
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Page 5 Advertisements
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SINGAPORE MARKETS
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Article, Illustration532 2007-07-05 6 R SIVANITHY - STOCKS Momentum in blue chips and second-liners stalls due to Wall Street holiday R SIVANITHY Senior Correspondent OMENTUM conjjffe tinued to be the name of the game yesterday, though this time punters were not as fortunate as they were earlier in the weekSource: Bloomberg - 532 words
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Article, Illustration951 2007-07-05 6 SECURITIES TRADING SCOREBOARD MAIN SIX) TOTAL Up Down Undi Up Down (Inch Up Down Unch Multi Ind 5 7 6 000 576 Manufacturing 101 71 59 21 20 15 122 91 74 Commerce 28 20 33 6 11 8 34 31 41 Tpt/Stor/Comms 16 16 12 0 12 16 J7951 words
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Article, Illustration925 2007-07-05 6 UMA SHANKARI - By UMA SHANKARI Low Keng Huat July 4 dose: 550.895 UOB Kay Hian. July 3 DUCHESS Residences, a 30:70 joint development between UOL and LKH, began previewing last week, with 85 per cent of the units having been sold at a price of 551,700-1,800 psf, significantly higher thanSource: Bloomberg - 925 words
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Article, Illustration478 2007-07-05 6 CURRENCIES Reuters [LONDON] Sterling yesterday jumped to a 26-year high versus the dollar for a third day, vaulting US$2.O2 and showing no signs of vertigo so far against a broadly weak dollar that stayed near record lows versus the euro. The greenback, doggedReuters; AFP - 478 words
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COMPANY NEWS
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458 2007-07-05 7 It's asked banks for proposals to fund Leedon purchase Bloomberg GUOCOIAND Ltd may borrow as much as $1 billion, a record loan for the Singa-pore-based developer as rising demand for homes boosts prices in the city-state, bankers said. GuocoLand asked banksBloomberg - 458 words
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COMPANY BRIEFS
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Article97 2007-07-05 7 Sinwa in JV with sole Nordic shareholder SINWA Limited has formed a three-year joint venture with Morten Innhaug, the sole shareholder of Nordic International. Of Sinwa's US$2 million outlay, US$25,000 will be for acquiring shares from Mr Innhaug for a 50 per cent stake in Nordic. The remaining will be97 words
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Article86 2007-07-05 7 Waterbus operations along Dubai Creek. The duration for the contract is two years. Asian Micro wins $3.25m Thai contract ASIAN Micro Holdings has won a $3.25 million contract from Thailand Postal Services to convert 500 of its postal diesel trucks into dual diesel fuel-operated trucks within 12 months from mid-July86 words
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Article98 2007-07-05 7 Greater China management team in business development, sales, operations and marketing. They are Darlington Tseng, Wu Wei Dong, Gu Yiming and Stephen Paul Thompson. TT major owners to apply for extra shares TT International said two of its substantial shareholders have undertaken to apply for any unsubscribed rights shares at98 words
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Article, Illustration508 2007-07-05 7 SIOW LI SEN - Those with at least US$50m in assets formed bulk of its new clients in 2006 By SIOW LI SEN BNP Paribas Private Bank Asia has formed a team to better service its ultra-rich clients in Singapore amid intense competition. These ultra-rich clients, definedFILE PHOTO - 508 words
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583 2007-07-05 8 RONNIE LIM - Simultaneously, it must develop renewable energy sources like solar, biomass, fuel cells By RONNIE LIM SINGAPORE is trying to attract at least one more world-scale oil refinery investment here, even as it develops renewable energy areas like solar, biomass and fuel cells, the583 words
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Page 7 Advertisements
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Advertisement98 2007-07-05 7 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 staff98 words
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SINGAPORE NEWS
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310 2007-07-05 8 ARUN JOHN - By ARUN JOHN INTERNATIONAL cruise operator Costa Crociere has entered into a global marketing partnership with the Singapore Tourism Board, which will help Costa in the regional travel market. The new partnership, announced yesterday, will bring joint marketing initiatives and promotional campaigns in310 words
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Article, Illustration590 2007-07-05 8 PARVATHI NAYAR - Singapore Season China is a month-long programme featuring 26 arts events By PARVATHI NAYAR PEOPLE in Beijing and Shanghai are to be offered a glimpse of the artistic life of Singapore. The Singapore Season China 2007 marks the second in aARTHUR LEE - 590 words
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Article, Illustration473 2007-07-05 8 JAMIE LEE - By JAMIE LEE SINGAPOREANS are increasingly choosing to invest in the stock market as they remain confident about the economy and the job market, a new research study shows. About 30 per cent of Singaporeans said they would invest in stocks and shares,Source: Nelsen - 473 words
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193 2007-07-05 8 DRAGGED down by weak bookings, the certificate of entitlement (COE) premiums for most vehicles fell yesterday, continuing a downward trend that started in late June. Except for COE prices for motorcycles, which gained $29 to $1,082, premiums fell across the board. COE prices for193 words
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379 2007-07-05 8 GRACE CHUA - By GRACE CHUA A PROJECT to increase the early detection and treatment of gastric cancer will receive $25 million over the next five years, under the Translational Clinical Research (TCR) programme run by the National Medical Research Council (NMRC). Translational and clinical research379 words
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Page 8 Advertisements
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Advertisement17 2007-07-05 8 Head to CATSFASTADS In r The New Paper r iJAT^ for job opportunities! BUY IT-SELL IT-PIMD IT17 words
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Page 9 Advertisements
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Advertisement575 2007-07-05 9 K"'. s iV 3r: kj -#V -•>- v s r A; '<?<•■• -y,TL.. ■V- *<'"** T* Ti *?\a/\-- >*,% s*v-»> *'v" v sw^jßflraw- ■••':^yag^j>y■w- ■'••rlfcr *«**^»*S|r" »7'•>•*&£- £&/'•>■ ■*m 'fajK *3'" a i v i/kiftdTti"-\jfcjfrjSfrgy' vfr&i U* •%yAfc^-' 1 1 yi. Hi m .;y >p. y v r Altitude Hj575 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1105 2007-07-05 10 CHUANG PECK MING - Singapore companies have a golden opportunity to exploit if they use appropriate market-entry strategies, reports CHUANG PECK MING CHUANG PECK MING CINGAPORE companies have what it takes to grab a slice of the lucrative mobile and wireless communications market in i the United StatesAFP - 1,105 words
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Article, Illustration443 2007-07-05 10 A SINGAPORE homegrown company usually starts its business here, expands on sales to the domestic market, then strikes out to other parts of Asia. Some of these homegrown business ventures make it beyond the region, but there are still too few of them. Genometri443 words
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Page 10 Advertisements
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Advertisement250 2007-07-05 10 13 jars- The Business Times SINGAfOK* Singapore r* a; ■;,.x 'd'X A Ready for Global Opportunities? Hear from top Asian business leaders on opportunities in internationalisation and trade: Dr William K Fung, Group Managing Director, Li Fung Limited I Mr Subramaniam Ramadorai, CEO Managing Director, Tata Consultancy Services Limited I250 words
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ECONOMY WATCH
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468 2007-07-05 11 OUR CORRESPONDENT - Military spending to rise 24.3% to fund insurgency fight in the south, says PM By OUR CORRESPONDENT in Bangkok THAILAND'S military installed government yesterday adopted a 1.66 trillion baht (5579.7 billion) budget for the fiscal year 2007-08, which showed an increase of468 words
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610 2007-07-05 11 Reuters [TOKYO] There is no economic reason for the Bank of Japan (BOJ) to hold off from raising interest rates until August or later given steady growth at home and improvement in the global economy, a former central bank official saidReuters - 610 words
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293 2007-07-05 11 AFP [BANGKOK] Japanese firms in Thailand are beginning to reduce their investments in the kingdom due to the strong baht and negative perceptions about the investment climate, a survey said yesterday. Japan is Thailand's biggest foreign investor, but a survey of– AFP - 293 words
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Article, Illustration734 2007-07-05 11 NEWS ANALYSIS Regional currencies thus set for faster appreciation Reuters [SINGAPORE] Rising asset prices and the mounting cost of foreign exchange intervention are prompting Asian policy makers to step back from markets, setting the stage for a faster rise in– Reuters; AFP - 734 words
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Page 11 Advertisements
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Advertisement70 2007-07-05 11 II Diners Club Card To apply, call 6416 0980 A World of Exclusive Privileges Treats /||v Diners Club l J;.. V.™ International' WWW.Ct9ftCrS.COfTI.Sff v P®? "V *••.••<_ v ~K:! |V I B, Urban East Bistro A Restaurant i Esplanade Mall #01-13 C. Tel: 6338 4583 20% Off ata carte dishes70 words
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Advertisement141 2007-07-05 11 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat, Shredded Pork with Garlic Sc Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Lunch: Adult $35.80, Child $24.80 (Sat, Sun Public Holiday) Dinner:141 words
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Advertisement115 2007-07-05 11 ig.-. Expert Help, Fast Turnaround to any accounting need: clear "messy" accounts arising from change of systems staff turnover meet statutory Head Office reporting deadlines submit accounts to financial institutions reconstruct accounts from incomplete records extract financial information for a litigation crunch figures in the preparation for IPO Call 6-*****68115 words
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MALAYSIA/INDONESIA
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532 2007-07-05 12 S JAYASANKARAN - Malay traders can import any make, model of used cars By S JAYASANKARAN in Kuala Lumpur THE Malaysian government has moved, once again, to liberalise the issuing of auto-import permits, popularly referred to as Approved Permits, or APs. This time, however,532 words
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198 2007-07-05 12 Bloomberg [KUALA LUMPUR] Smoke haze in Malaysia from forest fires in Indonesia reached "unhealthy" levels in parts of the northern state of Kedah, the Department of Environment said. The air pollutant index exceeded 100 in Sungai Petani town in Kedah, the department said on– Bloomberg - 198 words
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232 2007-07-05 12 Bloomberg [JAKARTA] Palm oil refiner Wilmar International has broken the law by using fires to clear forest land for estates, Friends of the Earth Netherlands said. But the company denied the allegation, saying it has a "zero burning policy in place". PT Wilmar SambasBloomberg - 232 words
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Article, Illustration497 2007-07-05 12 LAUREL TEO - But new rules don't affect existing stakes and those already being processed By LAUREL TEO in Jakarta INDONESIA has issued more caps on foreign ownership in various sectors, tightening the limit in areas seen as "strategic", such as telecommunications and publicREUTERS - 497 words
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Advertisement211 2007-07-05 12 IN ASSOCIATION WITH THE STRAUS TIMES www.glohalttrandlorum.org %>lfcl r«. »a,;TgiVl aav-l >^M IV IiJHM •lif |jf» 11>1 I w l -^g^^lp |I|l3|l 1 *p^ ON WHAT IT TAKES TO CREATE LEADER ORANDS The most anticipated brand forum in Asia returns this August for two days only at the Ritz-Carlton, Millenia211 words
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GREATER CHINA
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Article, Illustration582 2007-07-05 13 Overseas banks earn total 3b yuan profit in Jan-May, growing faster than locals Bloomberg [SHANGHAI] Profit growth at Citigroup Inc, ABN Amro Holdings NV and other foreign banks in China tripled this year after they were allowed to offer local-curren-cyBloomberg; XINHUA FILE PHOTO - 582 words
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269 2007-07-05 13 AP [BEIJING] Chrysler Group signed a deal yesterday with China's biggest car maker, Chery, to manufacture small cars to export to the United States and other markets. The deal marks the first attempt by a major US car maker to use– AP - 269 words
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365 2007-07-05 13 Reuters [BEIJING] Nearly a fifth of goods Chinese quality inspectors checked in the first half of this year were below standard, the government revealed yesterday as it faced continued pressure over toxic and potentially dangerous exports. The General Administration of Quality Supervision, Inspection– Reuters - 365 words
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226 2007-07-05 13 AFP [BEIJING] China's environment is close to breaking point and the situation is endangering people's lives, one of the nation's top an-ti-pollution officials said in comments published yesterday. Pan Yue, an outspoken vice-minister at the State Environmental Protection Administration, said campaigns to clean upAFP - 226 words
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Page 13 Advertisements
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Advertisement383 2007-07-05 13 FIFTY |0f DOLLARS bl_S bi iFbKvT fit iir% F *****122 NWAJM P"™' fe UOB MaxiYield is a dual currency investment that gives you the opportunity to earn potentially higher returns by capitalising on foreign exchange movements. To discover how UOB Privilege Banking can make your money work harder for you,383 words
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INDIA
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Article, Illustration353 2007-07-05 14 World's biggest whiskey market acts after US, EU complain of 'excessive' tariffs of 20-150% Bloomberg [MUMBAI] India, the world's biggest whiskey market, scrapped an additional import tax on liquor, wine and beer after the US and the European Union complained the duty curbedBloomberg; BLOOMBERG - 353 words
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181 2007-07-05 14 It will sell global depository receipts or bonds overseas Bloomberg [NEW DELHI] Sun Pharmaceutical Industries Ltd, India's biggest drugmaker by market value, plans to raise as much as 35 billion rupees (Ssl .3 billion) overseas. Sun Pharmaceutical, controlled by billionaire Dilip Shanghvi, willBloomberg - 181 words
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Article, Illustration580 2007-07-05 14 Bloomberg [NEW DELHI] Anil Ambani, India's second-richest man, said he could raise one trillion rupees (5537.6 billion) to invest in his energy, telecommunications and finance group to tap opportunities in the world's second fastest-growing economy. The 48-year-old chairman of the Anil DhirubhaiBloomberg - 580 words
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Page 14 Advertisements
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Advertisement2715 2007-07-05 14 iSS MOTirFS X J X AV- -> 1 C-/ Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT FIND IT NETELUSION LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of NETELUSION LIMITED ("the Company") will be held at Room Queen 5, Level 5,2,715 words
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Advertisement48 2007-07-05 14 The Pain Relief Practice Fast Relief for Persistent Neck, Back, Knee, and Other Joint Pains, Stiffness and Injuries Using Cold Laser and EM Signal Therapy Safe, Effective and Non-invasive Promotes Bone, Cartilage, and Soft Tissue Repair Ngee Ann City, Tower B, #08-07 By appointment only: Call: *****280 painrelief.com.sg48 words
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MIDDLE EAST
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Article, Illustration485 2007-07-05 15 Sources say shares will be offered at 10.25-10.5 riyals apiece Bloomb erg [DUBAI] Kingdom Holding Co, billionaire Saudi Prince Alwaleed bin Talal's investment company, is preparing to offer shares to Saudi individuals in an initial public offering that values the business at as much– Bloomb erg - 485 words
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368 2007-07-05 15 Reu ters [DUBAI] Abu Dhabi is poised to sell the first government bonds from the oil-exporting United Arab Emirates federation to help create a benchmark for companies working on its multibillion-dollar projects. Abu Dhabi, the biggest UAE emirate and the world's– Reu ters - 368 words
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Article8984 2007-07-05 15 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S pore) Star Europe Eqty!" 1.147/ Star Europe Bond 1179/ Star Europe Bal i1 284 Star Asian Tiger Eqty 1.576/ Star Asia Bond 1317/ Star Asia Balanced 1.142/ Star Global Technology Fund!" 0.235/ MultiStFd 1.002/ Star Asia Bond(USD) 0.865/ Gib Multi St USD8,984 words
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Page 15 Advertisements
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Advertisement80 2007-07-05 15 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. Wf&L FROM YOUR MISTAKES "This time is different" are among the most costly four words in market history. JSk FRANKLIN TEMPLETON |&k Tell us about80 words
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ASIA PACIFIC/WORLD
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581 2007-07-05 16 It says not enough being done to assess customers' ability to afford mortgages Reuters [LONDON] Britain's financial watchdog yesterday accused lenders and brokers in the subprime mortgage market of not doing enough to check that customers can repay loans and warned poor practicesReuters - 581 words
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Article, Illustration212 2007-07-05 16 Bloomberg [SYDNEY] British Broadcasting Corp journalist Alan Johnston, held by Islamic militants in the Gaza Strip for about four months, was freed yesterday. Johnston, 45, was released into the custody of the Palestinian movement Hamas in Gaza. Cable News Network broadcast images of the reporter flanked by– Bloomberg; AP - 212 words
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Article2505 2007-07-05 16 VOL Jul 4 RM COOO) A M Realty 2.85 0.06 53 Abnc Bhd 0.30 -0.01 103 Advance Synergy 0.34 unch 2941 Adventa Bhd 1.70 0.07 2447 Ae Multi Hldgs 0.32 0.01 61 Affin Holdings 2.51 unch 2070 Ahmad Zaki Resou 4.10 0.68 1629 Aic Corp 0.60 0.03 272,505 words
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465 2007-07-05 16 -AFP [LONDON] Britain remained on high alert for a terror attack yesterday as reports emerged that some of the suspects in custody in connection with failed car bombings in London and Glasgow were known associates of those under surveillance. Among the eight suspects so-AFP - 465 words
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331 2007-07-05 16 [BEIJING] North Korean leader Kim Jong II said tensions are falling on the Korean peninsula and signalled that the communist state is ready to begin dismantling its nuclear programme, China's state-run news agency reported. "Some signs of easing on the Korean peninsula have331 words
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543 2007-07-05 16 -NYT [LONDON] Before Gordon Brown took power as Britain's new prime minister, there was much talk about whether the electorate would warm to the dour, methodical and detail-driv-en Scot, particularly after so many years of soaring oratory from his predecessor, Tony-NYT - 543 words
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339 2007-07-05 16 Other problems include leaks and scarce elevators Reuters [NEW YORK] The New York Times just moved into a new US$6OO million, 52-storey building and all people want to talk about is the mice. Or the leaks. Or the screwy elevators. "There are going toReuters - 339 words
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Page 17 Advertisements
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Advertisement4463 2007-07-05 17 MOTIfFS X V J JL X j I Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 LIVING MOBILE ASIA PTE LTD COMPANY REGISTRATION NO. *****3077E (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened4,463 words
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AVIATION
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559 2007-07-05 18 US plane maker's first model in 13 years, the 787 boasts several revolutionary features -AFP [WASHINGTON] The eyes of the aviation world will be fixed on Boeing here on Sunday when the US aircraft giant unveils its 787 Dreamliner, the "green"-AFP - 559 words
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292 2007-07-05 18 Parent carrier shifting routes to cut costs Bloomberg [TOKYO] Subsidiaries of Japan Airlines Corp, Asia's largest carrier by sales, will boost overseas flights by about 70 per cent as they take over routes from the parent company to cut its operating costs. JALways Co,Bloomberg - 292 words
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216 2007-07-05 18 Reuters [ROME] Rome is sceptical over the interest of one of the two bidders left in the auction of Alitalia but is not looking at alternative plans to salvage the airline, Italy's Transport Minister Alessandro Bianchi said yesterday. Mr Bianchi's comments came– Reuters - 216 words
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Article, Illustration367 2007-07-05 18 It agrees to let transit travellers carry duty-free goods with them Reuters [BRUSSELS] New rules to end thousands of litres of duty-free alcohol and perfume being poured down the drain daily at European Union (EU) airports have been agreed by EU transport officials,– Reuters; BLOOMBERG - 367 words
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147 2007-07-05 18 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's biggest domestic airline, had its profit estimate cut by Citigroup Inc because of expected losses on new international routes such as the United States and Canada. Citigroup cut the profit estimate by 41 per centBloomberg - 147 words
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261 2007-07-05 18 Reuters [BRUSSELS] The European Commission formally adopted proposals yesterday to ban all Indonesian airlines from EU air space and warned Angola that retaliatory measures would not help get its airline off the EU's blacklist. The executive European Commission backed recommendations fromReuters - 261 words
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Article2426 2007-07-05 18 CITY FLIGHT ETA FLIGHT ETD MmMmM S0456 lloo MMl LH9771 1750 LH9770 545 SQ26H 1750 SQ269 2345 MkmHHi SQ531 0710 illll SQ323 0630 AZ3993 2245 AZ3992 1555 KL838 2245 KL837 1555 L***** 2345 SQ324 2345 AilW SQ348 0100 MM AC5202 2335 AC5203 0645 IA895 2335 LA8962,426 words
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Page 18 Miscellaneous
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Miscellaneous311 2007-07-05 18 CRYPTIC CROSSWORD ACROSS 1 Popular firm and writer mak- 1 2 3 PP K 8 ing profit (6) mm h 4 Gloria's material to cover--9 Mend poorly instrument broby number more stocky (8) mostly dresser 14 Notice keen hug misinter- TT~ preted ironically (6,2,5) I I I I I 1311 words
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SHIPPING
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Article, Illustration624 2007-07-05 19 DONALD URQUHART - Number of attacks exceeds 2006's tally; latest victim is Danica White By DONALD URQUHART [SINGAPORE) A renewed surge of piracy and armed attacks on shipping off the coast of Somalia has prompted the International Maritime Organisation's governing councilFILE PHOTO - 624 words
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Article330 2007-07-05 19 SGX *000 Jul 4 S$ *1- Vol Ch Offshore 0 76 unch 1259 Chuan Hup Hldgs 0 43 unch 4319 Cosco Corp 3 92 0 06 ***** Cwt Limited 1 06 0 01 1965 Ezra Hldgs 6 50 0 50 1694 Freiqht Links 0 15 -0.01 ***** Grand330 words
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595 2007-07-05 19 Bloomberg [HONG KONG] China Merchants Holdings (International) Co, the owner of stakes in the country's five largest container ports, may invest in more dry-bulk terminals because of surging Chinese imports of iron ore and coal. "We are studying China'sBloomberg - 595 words
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Advertisement1677 2007-07-05 19 V 4 T M il r A A 1 A A fil m I kI ai JM I Tal 1H *v m NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT LOST SHARE CERTIFICATE The following share certificates have been reported lost, destroyed or mislaid:Nome of Company Certificate No.1,677 words
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EDITORIAL & OPINION
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Article550 2007-07-05 20 EDITORIAL THE surging market in mergers and acquisitions (M&A) in the region this year while music to some ears may make it increasingly difficult for Singapore companies to make overseas acquisitions. In Asia, excluding Japan in the first half, M&A activity jumped 56.4550 words
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Article, Illustration792 2007-07-05 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent BEING the tenth anniversary of the outbreak of the 1997 Asian currency crisis, this week has been an occasion for much introspection on the part of regional policymakers. And yet, for all the soul searching, it792 words
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Article, Illustration990 2007-07-05 20 MOHAMMED LUFTI - With strong growth and a pro-business policy, the country is another dynamic emerging economy By MOHAMMED LUFTI BACK in 2004, when investment bank Goldman Sachs first raised the catchy idea of the BRIC nations (Brazil. Russia, India and China) as the nextAFP - 990 words
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Article, Illustration1341 2007-07-05 21 LIM CHONG KIN - Key concern is to avoid the perception that Singapore is protectionist By LIM CHONG KIN THE coming into force of the merger control provisions in the Competition Act on July 1 marks the final phase in the implementation of competition law in Singapore.1,341 words
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Article628 2007-07-05 21 STEPHEN CASTLE - By STEPHEN CASTLE -IHT MOVES to tear up vast fields of grape vines, drain a "lake" of surplus wine and cut prices to consumers are expected to prompt a fierce debate Wednesday as Europe contemplates the cost of its love affair with the grape.-IHT - 628 words
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355 2007-07-05 21 Ang Hao Yao - EDITORIAL& OPINION Ang Hao Yao I REFER to the article "Danger lurks even as the good times roll" (BT, July 2). In the article, the writer reminded us of the Asian fi-nancial-crisis of a decade ago and pointed out that despite the appearance355 words
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Advertisement92 2007-07-05 21 up to 50% off Rimowa Luggages, pilot cases, attache cases, beauty cases and professional camera cases. Goldpfeil Travel Bags, Cabin Trolley, Suite Bags, Handmade Briefcases and Leather Wallets Offermann laMI Trolley and Cabin Bags, Computer Trolley Bags, Garment Trolley Bags, Briefcases and many small items made with canvas or fine92 words
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Article12281 2007-07-05 22 SGX MAINBOARD Transaction date: Jul 4 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High tow Code Company Sale ('000) High Low B uyer Seller C'vr P/E Smil 3.5 2 5716 1st Software 2 susp 84 205 6 3148 8Telecom 19 unch 1347 19.512,281 words
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Article7895 2007-07-05 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy Syr Jul 3 Index Change Change Change Change Change Change World Index Preliminary 1189.2 0.5 8.0 '0.3 8.6 0.4 9.4 EAFE Preliminary 1200.5 0.7 8.4 0.5 9.7 0.6 10.5 Europe Preliminary7,895 words
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Advertisement1261 2007-07-05 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 MIPPLE-EAST SERVICE F.EJS.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, mineral1,261 words
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Advertisement793 2007-07-05 24 pi DONGNAMA LINE COMTAimWIP MWVICB VESSEL (EVERY SUN) VOY I SGP HKG (HD TKY TOR KOK MOL GLORY ***** 08/07 17/07 16/07 17/07 19/07 MMUKKTY *****115/07 19/07 23/07 24/07 26/07 VESSEL (IVIRY SAT) VOY SGP I HKG PUS INC TAO SIX SINGAPORE 709N 07/07 11/07 15/07 17/07 19/07 IS KEIANG793 words
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Advertisement491 2007-07-05 24 Wlw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vessel vor »w "height sin l»c map ~sav bal qrf TEXAS AF72I 4201 m 6.4 M 12/07 OMIT 11/01 22/01 2S/08 25/08 TAMERLANE AF722 3201 MS 6.4 M 29/07 20/01 29/08 02/09 06/09 04/09 TAMO AF723 4201 MS 6.4 M 09/08 02/09 11/09 15/09491 words
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THE BUSINESS TIMES Shipping Times
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5387 2007-07-05 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'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 65J***** 15/07 03/08 PTDjakarta5,387 words
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Advertisement1448 2007-07-05 25 WAN HAI INTERNATIONAL PTE LTD at NO: 1U*****000/I V TEL: *****588 (14 LINES) FAX: *****163 V\M IA/AN HAI I INr\ Customer Service/Bookings Direct line (1800) *****200 Y fwHll I Inl LlllLJ Pitt IE; (03) 334MSSS FAX: (03) *****25S PIN TIL (04) *****00 FAX: (04)*****99 V JOHIH: (07) *****23 FAX: (07)*****211,448 words
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Advertisement971 2007-07-05 25 rnXDBi I VESSEL VOY PKL SIN I KHI PXB BAB DMM BIK KHO IRAN SATTARI PCLB2O4 03/07 04/07 13/07 16/07 17/07 23/07 2S/07 27/07 IRAN TABATABAEI PCLB2O6 06/07 07/07 16/07 19/07 20/07 26/07 28/07 30/07 IRAN BAABAII PCLB2O7 16/07 17/07 26/07 29/07 30/07 05/08 07/08 09/08 VESSEL VOY SIN NHS971 words
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Advertisement754 2007-07-05 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSfJ VOY SIN P>IA*G COLOMBO SHCVA COLOMBO WvtwpHi am SUM Mi BJUL '2 Jul itM MAKIVU 01 iW 10 JUL II JUL I4IUL IB JUL ??JUL KOTA PAHIAWAH WHOM 19 JUL OMIT OMIT V JUL 31 JUL754 words
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BizIT
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Article17 2007-07-05 27 By 2020, televisions on standby will consume 1.4 per cent of all domestic electricity. Energy Saving Trust17 words
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Article, Illustration899 2007-07-05 27 AMIT ROY CHOUDHURY - Most are satisfied with their current operating system. AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY RECENT survey by IT research agency IDC shows that MicroJfe soft's Windows vista operating *l| system (OS) plat*~i form has yet to entice Singapore businessesFILE PHOTO - 899 words
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Article, Illustration241 2007-07-05 27 Bloomberg [SEOUL] Apple Inc sells its new iPhone handsets at more than double production costs, according to estimates by ISuppli Corp, a technology industry researcher. The eight-gigabyte model, which retails at US$599, has component and manufacturing costs of U*****.83, El Segundo, California-based ISuppli– Bloomberg; AP - 241 words
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302 2007-07-05 27 Reuters [LONDON] Flat-screen televisions, computers and other high-tech gadgets will use nearly half of a typical household's total electricity by 2020, an energy conservation body said in a report yesterday. The Energy Saving Trust (EST) said consumer electronics will overtake kitchen appliances and lightingReuters - 302 words
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122 2007-07-05 27 Bloomberg [BEIJING] LG Electronics Inc, Asia's second-largest mo-bile-phone maker, will offer Google Inc's You Tube vid-eo-sharing service on its handsets by the end of this year. The handsets will allow users to watch videos and upload them directly to the You Tube– Bloomberg - 122 words
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444 2007-07-05 27 ARUN JOHN - By ARUN JOHN BROADBAND entertainment content in the region is set to enjoy a significant boost with the newly established partnership between M2B World Asia Pacific and Videofashion Network, the world's largest fashion programming source. With this partnership, leading regional broadband entertainment provider M2B444 words
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Advertisement208 2007-07-05 27 Need a New Web Host? Switch to Webvislons for the following key differences: 1 st tier Date Center management not remotely managed 24/7 true round-the-clock mission-critical support Multiple upstream providers for redundancy and uptime P°int s of Presence "Network Operations Centre" "Dedicated Servers" j Powerful, reliable mission- JHVHk Protect your208 words
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PROPERTY
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679 2007-07-05 28 Redevelopment potential makes them attractive to developers looking for underutilised parcels in busy locations -NYT {NEW YORK] It may seem surprising, but when it comes to land for residential or commercial development, gasoline stations clean up nicely, real estate brokers say. As a-NYT - 679 words
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479 2007-07-05 29 Its Asian funds have done better than other regions in the past 3 to 4 years Bloomb erg [SINGAPORE] LaSalle Investment Management, a unit of the world's sec-ond-largest commercial real estate broker, said it plans to triple its investments in Asia to— Bloomb erg - 479 words
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364 2007-07-05 29 Company making good progress particularly in Europe, Asia-Pac: analyst Bloomberg [LONDON] DTZ Holdings Pic, the company that helped JPMorgan find a new base in London, said annual profit rose 36 per cent as acquisitions contributed to higher fee income. Net income advanced to— Bloomberg - 364 words
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Article, Illustration328 2007-07-05 29 Reu ters [LONDON] British house prices rose slightly less than expected in June, suggesting higher interest rates are beginning to take their toll on the property market, a survey showed yesterday. Mortgage lender Halifax said house prices rose 0.4 per cent– Reu ters; BLOOMBERG - 328 words
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Article, Illustration712 2007-07-05 31 Shares of high-profile player surge 30% to record HK$16; it's said to be asking HK$20 a share Reuters [HONG KONG] Hong Kong property firm Chinese Estates Holdings Ltd is in talks with investors on a possible buyout of the firm, valued atReuters - 712 words
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332 2007-07-05 32 UMA SHANKARI - It pays $42m for 47,400 sq ft site with 8 semi-Ds in private treaty By UMA SHANKARI LIAN Beng Group has acquired a cluster of eight freehold semi-detached houses along Mountbatten Road for $42 million through a private treaty, the company said yesterday.332 words
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288 2007-07-05 32 INVESTMENT in billion-dollar "trophy" real estate has accelerated in 2007, US-based property firm Jones Lang LaSalle (JLL) said yesterday. So far this year, real estate investors have purchased 14 real estate assets worldwide for over US$l billion each the same number as for288 words
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1319 2007-07-05 32 PROJECT NAME; PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUtHNAAEA PRJCE PSF PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN AREA PRICE PSF STREET NAME TYPE DATE (SQ FT) (SS'OOO) (St) STREET NAME TYPE DATE1,319 words
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Page 28 Advertisements
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Advertisement186 2007-07-05 28 8 River Valley Close 128,300 sq ft of Prime Freehold Residential Land in District 9 RfSMIIBI Rivergate Tribeca Singapore Great World The Trillium The Cosmopolitan (u/c) (u/c) River City (u/c) (u/c) BSi »fc SSMKS 3 i| I Collective Sale of 1 W k- Pacific Mansions Park The Hotel Istana p,aza186 words
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Advertisement119 2007-07-05 28 Sentosa Coral Island, 2 Units Land Bungalow TOP Aug 07, Sea view all round. Pte Berth Bungalow in Binjai Area, Superb land area of ***** sq ft. Priced To Sell Draycott Park, 2673 sq ft. High floor c;LJ~r £1 oy/I vkyj: v W/r^HJfa iS '*v^ -"^f' ,>jfi ri ijD J119 words
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Advertisement262 2007-07-05 29 is astrid Estate in Fee Simple I—• Land Size (21, 375 sqft.approx) /K J 9 Good Class Bungalow Zoning *<* —yj/ Wide Frontage Corner Plot pj? f Perched on Elevated Ground /> 2 Storey with Basement and /V ffr M [f V v 4 Covered Parking a x, /V A262 words
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Advertisement118 2007-07-05 29 For Sale by Tender Prime Residential Redevelopment Site at Dist 09 Scotts Square Wheelock The Orchard drd oad Place Residences rCh N9 Ann Ro *d Crty Somerset f mrt 3 d c*^° a %\o Orchard f J I I Rd TOCBD so M <? w U River Valley Rd g118 words
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Advertisement433 2007-07-05 30 _*> ia7l *V. p^ V A ivW Hhhhihhihmhh^^^H t. |lJj|3NNF^^HE£^ l^^^^^^Hßwiniil^W^BHHHmffWl King Albert Hanry PK Pk i j nk Sch rXviO Link Methodist Canadian Girls' Sch ejp lnt'l Sch Discover a contemporary enclave in Prime District 11 Duchess Residences. Col jeii°a ra9e Hol s a c n h dse Comprising433 words
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Page 31 Advertisements
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Advertisement272 2007-07-05 31 FOR SALE BY TENDER MgaS&mmiiu MMII 111 k L-* Al■■ n 11 EB>f J I CHOICE FREEHOLD RESIDENTIAL SITE (DISTRICT 15) I—II -J l —j 16-22 A PULASAN RD L£t eg 1 Land Size: 21,334 sq ft koon seng rd —lor j TeloJ JriRAiT" Potential Alienation of State Land rs272 words
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Advertisement304 2007-07-05 31 PARAMOUNT HOTEL AND gSSS SHOPPING CENTRE 25 Marine Parade Road and 30 East Coast Road Prominent double main road frontages Freehold site area of 102, 684 sf outline Approval for Plot Ratio 3.0 (for "Hotel") Existing Plot Ratio 2.36 2 00K* I I KATOKMOffwI MTOMS m I i X cot*304 words
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Advertisement112 2007-07-05 32 A 6 storey building with good frontage (approx.) Site area: 13,461.45 sq.ft (approx.) Total Gross Floor Area: 36,761.76 sq.ft(approx.) I RARE HILLTOP I GOOD CLASS BUNGALOW I CAMDEN PARK I A I Land Size: 30,438 sqft (approx) C<£y I Regular shaped land I Possible to subdivide into 2 GCB plots112 words
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