The Business Times, 13 July 2007

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Total Pages: 34
1 34 The Business Times
  • 20 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION Friday, July 13,2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 202/12/2006
    20 words
  • 772 1  -  New ways of raising funds, like project-linked bonds, lower cost but transfer risk burden to investors By CONRAD TAN [SINGAPORE] As the property market boom here gathers steam, developers are raising funds for new projects through more innovative means, some of which pass on
    772 words
  • 714 1  -  Investment bank had to withdraw its choice of CEO for China venture By MICHELLE QUAH [SINGAPORE] The world's leading investment bank couldn't appoint one of its executives to the top post at its Beijing joint venture because he tripped on the language barrier. The
    714 words
  • 129 1 Dsn 3,624.56 (+29.62) ST INDEX FUTURES 3,626.00 (+29.00) SIMSa ***** (+3.88) SIMSa FUTURES ***** (+3.40) MARKETS Thursday Chang* KLCOMP 1.366.02 >6.75 NIKKEI 225 17.964.14 -65.37 HANG SENG 22.809.02 +202.00 SET INDEX 843.87 -2.41 JAKARTA COMP 2,284.92 +11.50 MANILA COMP 3.756.75 +52.53 SEOUL COMP 1.909.75 +19.79 SHENZHEN B 713.14
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  • Page 1 Advertisements
    • 113 1 WAGES P&y hikes tipped to be BjUB even higher next year^CW^k page 4 r 1. 1 i T~ T ">\ OPINION US economists challenge the orthodoxy RAGE 22 COMMENTARY Give full shareholder rights to CPF investors PAGE 5 Simetobe W considered the raomvE LIFESTYLE Wal-Mart of plantations.9 sime Darby ceo,
      113 words
    • 10 1 ECONOMY ygeM BOJ's reluctance to act raises yen trade fears
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  • TOP STORIES
    • 560 2  -  Chambers say many grey areas in caps on foreign stakes By LAUREL TEO in Jakarta NEW rules aimed at clarifying foreign ownership of businesses in Indonesia appear to have added to the confusion instead. Issued only a week ago by the government, the
      560 words
    • 440 2  -  He also explains why group won't take stake in a shipping line By DONALD URQUHART [SINGAPORE] The flow of Middle Eastern money into Asian markets will continue to grow as sustained oil prices generate healthy profits for Arab states keen
      FILE PHOTO  -  440 words
    • 536 2 Bigger pay hikes, bonuses expected next year: poll WITH the latest economic growth numbers thrashing all forecasts, pay hikes and bonuses are tipped to be even higher next year. Already, salary increases and bonuses this year are set to exceed those last year, says the latest poll by
      536 words
    • 635 4  -  Basic pay tipped to rise 4.1% this year, 4.2% in 2008, up from 3.6% in 2006 By CHUANG PECK MING [SINGAPORE] With the latest economic growth numbers thrashing all forecasts, pay hikes and bonuses are tipped to be even higher next year.
      Source: SHRI/RDS Survey  -  635 words
    • 531 4 Regulator accuses Google of misleading users by misidentifying sponsored links [SYDNEY] Australia's consumer watchdog yesterday launched legal action accusing Internet giant Google of misleading Web users in a case that analysts said would "send a shudder" through the global IT industry. The
      AFP  -  531 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 603 5  -  HOCK LOCK SIEW By CONRAD RAJ T HAS been five long years since David Gerald, the 1 president of the Securities Investors Association of Sinm gapore (SIAS), first made the call for investors using funds from their Central Provident Fund (CPF) savings to
      603 words
    • 228 5 SINGAPORE Technologies Engineering Ltd (STE) has won a new ferry contract worth about $168 million. The deal, awarded to its marine arm, Singapore Technologies Marine Ltd (ST Marine), is to design and build a roll-on/roll-off passenger ferry (Ropax) for Louis Dreyfus Armateurs
      228 words
    • 453 5  -  Polymer storage contract is likely for Exxon's new project on the island By RONNIE LIM A Ss4o million civil works contract announced yesterday for new petrochemicals storage on Jurong Island which BT understands is for ExxonMobil has sent yet another strong signal that
      453 words
    • 300 7  -  It appoints new franchisees in Iran and Kuwait and a distributor in Oman By ARUN JOHN OSIM International is targeting to have 100 new stores in the Middle East within five years. The healthy-lifestyle products group said this yesterday as it announced the
      300 words
    • 368 9  -  MERGERS ACQUISITIONS Low borrowing costs, strong cash flows at companies also drive growth, says JP Morgan By CONRAD TAN BUOYANT market conditions and renewed confidence among chief executives are driving the current wave of mergers and acquisitions (M&A) worldwide, said an industry expert yesterday.
      368 words
    • 396 7  -  36-storey project can be built on Balestier Road site By UMA SHANKARI SOILBUILD Group Holdings has bought Ruby Plaza on Balestier Road for $69 million through a collective sale, the developer said yesterday. The price for the 39,500 sq ft freehold plot of
      396 words
    • 542 9  -  Current activity not like the one in late 1990s: Citigroup By LYNETTE KHOO MANY equity investors may be feeling jittery over the global mergers acquisitions (M&As) boom, with a growing feeling that a cyclical peak in the stock market may have been
      Source: SDC, Datastream  -  542 words
    • 438 9 Reuters [HONG KONG] Franklin Templeton's George Molina spends his days trying to boost returns for the fund giant's investments in Asia, but he's no stock picker. Instead, Mr Molina looks to ensure that buy and sell orders are filled cheaply, smoothly
      Reuters  -  438 words
    • 485 10  -  It's also looking to expand in the region and the offshore oil gas sector By DONALD URQUHART FRESH from its acquisition of Singapore's Pan-United Marine, Dubai Drydocks World (DDW) is now eyeing shipyard expansion in the region, as well as a push into the
      485 words
    • COMPANY BRIEFS
      • 56 10 TECHNICS Oil Gas Ltd said that its 51 per cent-owned subsidiary, NonSystems Pte Ltd, has secured several contracts totalling $6 million for the design and supply of shipboard automation systems. The orders from major shipyards in Asia, including Cosco Zhou Shan Shipyard will be fulfilled
        56 words
      • 95 10 SPH Union Works' Radio 91.3 is the fastest-growing station here its share of the English commercial market jumped from 0.9 per cent of total potential market last year to 1.6 per cent this year while other stations' ratings slipped or remained stable, according to
        95 words
      • 98 10 CHINA Angel Food said its initial public offering (IPO) has attracted strong interest, including a number of corporate and institutional investors. Based on the total invitation size of 103.8 million shares and the total valid applications received for both public offer and placement shares,
        98 words
      • 82 10 Reuters CREDIT Suisse started coverage of Sing Tel at "underperform" with a price target of $3.30. "SingTel's five-year underperformance relative to its associates reflects the fact that the markets in which its associates are listed have become more directly investable," Credit Suisse said in a research note.
        Reuters  -  82 words
      • 61 10 SNP Corporation Ltd has reported a record net profit of $18.2 million for the first half of 2007, up 39 per cent from a year ago. Revenue grew 13 per cent to $227.3 million. The strong performance was attributed to the better performance
        61 words
  • Page 5 Advertisements
    • 60 5 The grand prize winner is Akshay Malhotra Secondary prize winners: Chris Ng, RB9 Matthew Connolly, Hemant Takalkar, UU Kazuo Matsuyama, Elynn Lim Al With a licensed insurance broking firm providing financial advisory and general insurance broking services in Singapore. We are seeking potential investors or equity partners to work with
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  • SINGAPORE MARKETS
    • 525 6  - Oil gas in play as STI rises 29 pts STOCKS Index fluctuates in line with performances of Wall Street and Hong Kong bourse R SIVANITHY Senior Correspondent SURGE in the morning that came in response to Wall Street's Wednesday recovery, followed by an afternoon pullback in line with Hong Kong
      Source: Bloomberg  -  525 words
    • Article, Illustration
      945 6 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL ll> Down Uth Up Down Undi Up Down Undi Multi Ind 675 000 675 Manufacturing 103 61 62 21 16 18 124 77 80 Commerce 40 24 17 7 9 9 47 33 26 T pt/Stor/Com ms 21 8 14 J 0 1 22
      945 words
    • Article, Illustration
      892 6  -  Compiled by UMA SHANKARI Singapore Exchange July 12 close: SS10.10 Macquarie Research Equities, July 12 MACQUARIE Research Equities (MRE) hosted the Singapore Exchange (SGX) at their Financials Conference in Singapore. MRE reported that SGX is focusing on mid-sized companies (US$3 billion sales per year cap), primarily in the
      Source: BLOOMBERG  -  892 words
    • 448 6 CURRENCIES AFP [TOKYO] The yen barely moved in Asian trade yesterday as the market took in its stride a widely expected decision by the Bank of Japan to leave its benchmark interest rate on hold at 0.5 per cent, dealers said. They said worries
      AFP  -  448 words

  • Page 7 Advertisements
    • 2 7 HOT IPO
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    • 1012 7 ASIA EXPO 2007 The Northern Cape Province of South Africa in partnership with GLOBAL EXHIBITIONS (PTY) LTD has pleasure in inviting businessmen, traders, importers and exporters, as well as investors to the THIRD ASIA EXPO 2007. This event will be held at the ABSA SHOWGROUNDS in KIMBERLEY, NORTHERN CAPE PROVINCE,
      1,012 words

  • Page 8 Advertisements
    • 2070 8 )£0 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BOY IT-SELL IT-FIND IT LMA" Better by Design I LMA International N.V. (Incorporated with limited liability in the Netherlands Antilles on July 28,1998) NOTICE OF INFORMATION MEETING NOTICE IS HEREBY GIVEN THAT the information meeting of LMA International N.V. (the "Company") will
      2,070 words
    • 1953 8 1 ASIA DEKOR HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Asia Dekor Holdings Limited ("the Company") wiN be held at Ballroom 11, The Oriental Singapore, 5 Raffles Avenue, Marina Square, Singapore *****7 on Monday,
      1,953 words
    • 27 8 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. watoW f NOTICES B
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    • 413 8 NICOL ANDREW (FAR EAST) PTE. LIMITED (Company Registration No *****0236 M) (In Voluntary Liquidation) NOTICE IS HEREBY given pursuant to Section 308 (2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 80 Robinson Road #22-04 Singapore *****8 on
      413 words
    • 255 8 in the Matter of The Companies Act, Cap.so And In the Matter of PETROCONSULTANTS (FAR EAST) PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg No. *****1469H) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      255 words

  • Page 9 Advertisements
    • 287 9 iJJL J u p 9* true success Is about maintaining your lead. i T -A. M t".. l'-s HP' /JP^ nrar '4 v; ".v• i 1 v a HHpr SajMßfev-' A Staying ahead is now even more effortless with the new GS 300. Its 245bhp, V 6, 3.0-litre dual VVT-i,
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  • Page 10 Advertisements
    • 1017 10 wr NOTICFS 1 1 A 1 Toll free: 1800-289-8822 Email: notices@sph.com.sg /S\ nniflfr I ANWELL TECHNOLOGIES LIMITED (km OllMff rll (Incorporated in the Republic of Singapore) (Company Registration Number *****8707W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Anwell Technologies Limited (the "Company
      1,017 words
    • 1448 10 BOUSTEAD SINGAPORE LIMITED &|J&J (Incorporated m the Republic of Singapore) BMtTUmi (Company Registration Number *****10XK) •MIDI NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Boustead Singapore Limited (the "company") will be held at 63 Übi Avenue 1, #06-01 Boustead House. Singapore *****7 on
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    • 23 10 Less Talk. Better Music 100% Pure Fun. P*TS*srn B Lianhe Zaobao g I Furniture I I industry I I I I um I
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  • SINGAPORE NEWS
    • 332 11 FORMER vice-dean of the Harvard Law School David N Smith, is to become the dean of the new Singapore Management University (SMU) School of Law. SMU has also made a number of key appointments intended to improve the legal faculty at the
      332 words
    • 332 11 HIGH Tech Computer Corp (HTC), a leading provider of Microsoft Windows Mobile smart devices, opened its first HTC Care centre in Singapore yesterday. The service centre will play a key role in HTC's branding efforts since its recent acquisition of Dopod International.
      332 words
    • 407 11  -  2nd Lt Li Hongyi had broadcast complaint beyond proper channels By WEE LI-EN and JAMIE LEE PRIME Minister Lee Hsien Loong's second son has been reprimanded by the Singapore Armed Forces (SAF) for broadcasting a letter of complaint about a colleague to several other servicemen. This
      407 words
    • 212 13  -  By UMA SHANKARI SOUTH Africa's Northern Cape province offers Singapore companies great opportunities, a visiting minister from the province said yesterday. "One of the nine newly founded provinces in South Africa, Northern Cape offers favourable conditions for business development that can attract Singapore investments
      212 words
    • 547 13  -  Scarcity value of bungalow sites to increase prices to $1,000-1,200 psf By KALPANA RASHIWALA FOUR 99-year leasehold bungalow plots have been launched at Sentosa Cove, after which Sentosa Cove Pte Ltd (SCPL) will be left with just the final 20 individual bungalow plots in
      547 words
    • 393 13  -  By SAMUEL EE HOUSING developer Lam Chee Development Pte Ltd will spend up to $300,000 to build Singapore's first motocross track in Tuas. When completed early next year, the 25,000 sq m site at Tuas West Drive will have a 1.7 km
      393 words
    • 319 13  -  By JAMIE LEE THE rhythm is going to get you Singapore's music and entertainment industry is expected to grow at least 20-30 per cent in the next three years, thanks to a host of events on the way here. The Singapore Grand Prix
      319 words
    • 355 11  -  Dy secretary slapped with $2,500 fine and 18-month driving ban By NANDE KHIN A DEPUTY secretary of the Ministry of Trade and Industry, Goh Chye Boon, was yesterday fined $2,500 and banned from driving for 18 months by the courts after he pleaded guilty
      355 words
  • Page 11 Advertisements

  • Page 12 Advertisements
    • 2496 12 [sJOTICFS X VJL JL 1 L-J Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT Cougar Logistics Corporation Ltd. (Company Registration No.: *****9721 C) LoaisTiet cohfohTtio* ltd. (Incorporated in the Republic of Singapore To: All Shareholders NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of Cougar
      2,496 words
    • 2524 12 tQ T A wcnD STAMFORD LAND CORPORATION LTD J- A IVi i" 1 vv IV \-J (Company Registration No. *****1615H) LAND CORPORATION LTD (|ncorporatml |n th. Repub|ic S ing.por.) To: All Shareholders NOTICE IS HEREBY GIVEN that the Twenty-ninth Annual General Meeting of Stamford Land Corporation Ltd (the "Company") will
      2,524 words
    • 832 12 In the Motter of The Companies Act, Cap 50 And In the Matter of NYQUIST ASIA PTE. LTD. (In Members' Voluntary Liquidation) (Co Reg No. *****0029 M) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cop. 50, the Final General
      832 words
    • 715 12 IN THE MATTER OF THE LAND TITLES (STRATA) ACT (CAP. 158) AND IN THE MATTER OF THE MANAGEMENT CORPORATION STRATA TITLE PLAN NO. 1299 (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed management corporation which is being wound up voluntarily are required on or before
      715 words

  • Page 13 Advertisements
    • 86 13 A 26-storey (413 rooms/ 527 car park lots) 3-star hotel with related hospitality facilities situated at city centre of Johor Bahru (Malaysia) for sale. Price SS9OM with lease-back guarantee available (built-in estimate *****0 sqft). Please contact Sunny Tan or Freddie Lee at: Email: tanleeBB@gmail.com Fax: +65-6447-1806 1 i I* Mensw^
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    • 230 13 Leading Individual HR Awards Leading CEOs Mr Kenneth Chan McDonald's Restaurant Pte Ltd Ms Wee Wei Ling Parkßoyal Hospitality Management Pte Ltd Mr David Wong ABN Amro Bank N. V Ms Annie Yap The GMP Group Leading HR Professional Mr Roger Collantes Citibank APCB Regional Training Development Mr Bernard Ho
      230 words
    • 1098 13 KSH HOLDINGS LIMITED Registration No. *****3337G i NOTICE IS HEREBY GIVEN THAT the Ist Annual General Meeting of KSH HOLDINGS LIMITED will be held i at Sheraton Towers Diamond Room Lower Lobby 39 Scotts Road Singapore *****0 on Monday, 30 July 2007 at 10.00 a.m. for the following purposes: ORDINARY
      1,098 words

  • ECONOMY WATCH
    • 400 14 Reu ters [BANGKOK] Thailand will scrap limits on direct offshore investment by listed Thai companies in a bid to slow the surge of the baht, now at 10-year highs against the dollar, central bank governor Tarisa Watanagase said yesterday. The Bank of Thailand
      Reu ters  -  400 words
    • 522 14 Reuters, Bloomberg Reuters, [SEOUL]] South Korea will likely open the door wider to new entrants into the country's financial services sector in 2007 and 2008 to speed up consolidation, a top financial regulator said yesterday. South Korean regulators had stopped issuing full business
      Reuters, Bloomberg; Reuters,  -  522 words
    • 298 14 Bloomberg [BEIJING] Foreign direct investment (FDI) in China, climbed 12.2 per cent in the first half from a year earlier. Spending rose to US$3l.9 billion, the Ministry of Commerce said yesterday on its website. The pace has quickened from a 9.9
      Bloomberg; REUTERS  -  298 words
    • 243 14 Bloomberg [BEIJING] China's exporters have received a smaller increase in prepaid payments after the currency regulator began inspecting their foreign-exchange settlements. State Administration of Foreign Exchange (SAFE) said on its website. SAFE also pledged to increase supervision on capital flows and fight against
      Bloomberg  -  243 words
    • 634 14  -  Outside pressure to stem fund outflow outweighed by domestic concerns By ANTHONY ROWLEY in Tokyo THE Bank of Japan's Policy Board yesterday left interest rates unchanged for a fifth consecutive month, with the solidarity of the nine-member board in declining a rate
      634 words
  • Page 14 Advertisements
    • 63 14 jjijjmj]|[jmi| ."v. ■yiIPBI h < I THE GOLDEN POINT AWARD 2007 IS ORGANISED BY THE NATIONAL ARTS COUNCIL AND THE ARTS HOUSE AND IS SPONSORED BY SINGAPORE PRESS HOLDINGS AND THE SINGAPORE PRESS HOLDINGS FOUNDATION. *<>.-*?■? *!< *WT»*4pl-- :".'9«nH Ml Presenting Sponsors SINGAPORE press HOLDINGS iV Singapore Press Holdings THE
      63 words
    • 152 14 Great Minds... TIBF Wm Luxurious Five Star Resort set In Cjrberjaya CHI 1 i I IV Award Winning Service; 74 Guest Rooms Suites 1 iIHB M Personal Computer with Compllmentaiy Usage of I |IIVV-"* JUBHB Internet In Every Guest Room dt I I Resort Wide High Speed Broadband Sevice" mt
      152 words

  • MALAYSIA/INDONESIA
    • 357 15 Reuters [KUALA LUMPUR] Gulf bank Kuwait Finance House is negotiating to buy up major tracts of palm plantation in South-east Asia, signalling a rush of Middle East money into a commodity that is already running red-hot. The Islamic investment bank is
      Reuters  -  357 words
    • 415 15  -  Issues included lack of coordination between ministries By Pauline Ng in Kuala Lumpur ISSUES including bureaucracy, red tape, higher operating costs, weaknesses in IT infrastructure and services, and a mismatch between labour supply and market needs were brought up by industries and
      415 words
    • 340 15 Move to rope in strategic partner for troubled carmaker now on fast track AFP [KUALA LUMPUR] Malaysia has no plans to privatise national carmaker Proton and the issue of a strategic foreign partner for the troubled firm will be resolved as soon as possible,
      AFP  -  340 words
    • 311 15 Reuters [KUALA LUMPUR] Malaysia expects to start construction work early next year on a major rail link in the country's north, state news agency Bernama said yesterday, confirming the go-ahead for a project estimated at US$2.6 billion. Engineering firm
      Reuters  -  311 words
    • 376 15 Bloomberg [JAKARTA] Indonesia, the world's second-largest liquefied natural gas (LNG) producer, will keep the price for gas exports unchanged and delay revising the formula used to calculate the cost of its crude oil to avoid losing customers. The LNG formula will be based on
      Bloomberg  -  376 words
    • 242 15 Reuters [KUALA LUMPUR] Three directors of Malaysian air cargo carrier Transmile Group Bhd have been charged in court after irregularities were discovered in financial statements, the country's securities watchdog said yesterday. Transmile, which is controlled by Hong Kong-based billionaire Robert Kuok, has been the highest-profile casualty
      Reuters  -  242 words
  • Page 15 Advertisements
    • 171 15 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 hassle to keep up with
      171 words

  • GREATER CHINA
    • 352 16 It claims laws on carrying out social surveys were broken AFP [BEIJING] Chinese police have shut down a Beijing-based Internet news site that counted the World Bank, UN agencies and a host of foreign aid groups as clients, its British founder said on Wednesday.
      AFP  -  352 words
    • 179 16 Bloomberg [HONG KONG] Shares of China Mobile Ltd rose to a record after Citigroup Inc upgraded the stock of the world's largest mobile-phone company by users to "buy," citing mar-ket-share gains. The stock climbed 3.7 per cent to HK589.05 in Hong Kong, the highest
      Bloomberg; BLOOMBERG  -  179 words
    • 395 16 Bloomberg [BEIJING] China's food and drug regulator increased penalties for making fake medicines and tightened standards for approving new drugs, aiming to clean up an industry saddled with corruption and fraud. Companies that send in fake medicine samples for approvals will be fined
      Bloomberg  -  395 words
    • 550 16 Move will increase insurers' profits, prepares for return of red chips: analyst Bloomb erg [HONG KONG] China will allow insurers to double the share of assets invested in local equities to 10 per cent, said industry executives briefed by the insurance regulator. The China
      Bloomb erg  -  550 words
  • Page 16 Advertisements
    • 265 16 tv .-h-,:-*■•••••:• Be a Derby Winner! One of the most prestigious and richest races in the region, the Emirates The Derby features some of Singapore's top stayers. You too can be a winner! JX|S2I |S h SMS d a Ist Prize A pair of Economy Class return air tickets WS
      265 words

  • INDIA
    • 515 17  -  PWC study suggests India will be fastest growing among emerging economies By By SIDDHARTH SRIVASTAVA in New Delhi INDIA should emerge as the third biggest domestic banking market in the world by 2040 after the US and China and could grow
      515 words
    • 311 17 Bloomberg [MUMBAI] Indian banks face the risk of increased bad debts on loans to individuals for homes and durables because of the rise in interest rates, credit assessor Moody's Investors Service said in a report yesterday. Retail loans for the purchase of
      Bloomberg  -  311 words
    • 378 17 AP [KUALA LUMPUR] India remains the world's top outsourcing hub but is facing increasing threat from rival China due to India's high attrition rate, poor infrastructure and rising wages, a global research group said on Wednesday. According to its 2006 global
      AP  -  378 words
    • 617 17 Bloomberg [MUMBAI] HDFC Bank Ltd, India's third-biggest by market value, may gain from overseas demand for Indian bank stocks in its US$6OO million sale in US markets. The bank filed documents with the Securities and Exchange Commission in New York
      Bloomberg; BLOOMBERG  -  617 words
  • Page 17 Advertisements
    • 1662 17 3 NOTICES BUY IT SELL IT FIND IT FISCHER TECH LTD Company Registration Number: *****4532R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND NOTICE OF BOOKS CLOSURE DATE Notice is hereby given that the Annual General Meeting of the Company will be held on 30 July
      1,662 words

  • MIDDLE EAST
    • 378 18 World facing shortage of gasoline and diesel, but not crude oil, says energy minister Reuters [DOHA] Opec can do nothing about the high price of oil because factors other than crude supply have sent the market to near record levels, Qatar's
      Reuters  -  378 words
    • 351 18 Reuters [DUBAI] Kuwait allowed its dinar to appreciate 0.4 per cent against the US dollar yesterday in its second revaluation this year, as the US currency tumbled to a record low against the euro. 1 The dinar would trade at U550.***** against
      Reuters  -  351 words
    • 8882 18 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S pore) Star Europe Eqty'** 1143/ Star Europe Bond 1 182/ Star Europe Bal 1 283/ Star Asian Tiger Eqty 1619/ Star Asia Bond 1 309/ Star Asia Balanced 1 141/ Star Global Technology Fund 1 0 23V MultiStFd 1 002/ Star Asia
      8,882 words
  • Page 18 Advertisements
    • 73 18 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. ciobai investors company regn. no *****7169Z 'ymmk gain from our perspective Ml meet dr mobius Tell us about your "Best Investment Experience with Franklin Templeton"
      73 words

  • ASIA-PACIFIC/WORLD
    • 758 19  -  By NEIL BEHRMANN in London ANALYSTS are warning that the apparent recovery by Asian and other global markets could be just a "dead cat bounce". They expect a reversal of the four-year global credit binge that financed exceptional increases in asset
      758 words
    • 548 19 It tops a hostile US$28.8b cash-and-shares offer from Alcoa Reuters [LONDON] Anglo-Austral-ian miner Rio Tinto has agreed to buy Canadian aluminium company Alcan for US$3B.l billion, in a bid to create the world's biggest aluminium company. Rio, the world's sec-ond-biggest miner, is
      Reuters; AFP  -  548 words
    • 293 19 LATEST US DATA Bloomberg [WASHINGTON] The US trade deficit widened in May as a jump in imported oil costs outpaced record exports. The gap in goods and services trade expanded 2.3 per cent to US$6O billion from US$5B.7 billion in
      Bloomberg  -  293 words
    • 325 19 AP [SUN VALLEY, Idaho] News Corp chairman Rupert Murdoch appeared frustrated on Wednesday with the state of talks with Dow Jones Co, publisher of The Wall Street Journal, saying it was unclear where the company's controlling shareholders stood. Mr Murdoch has
      AP  -  325 words
    • 353 19 Bloomberg [NEW YORK] The US Securities and Exchange Commission (SEC) adopted new rules ensuring it can sue hedge funds for misleading investors, following a court ruling that put in doubt the regulator's authority over the US$l.6 trillion industry. The SEC barred hedge funds
      Bloomberg  -  353 words
    • 2476 19 VOl l«l 11 KM C000) ASM Realty 3.22 0.04 4 Abric Bhd <1.32 0.01 69 Advance Synergy 0.36 0.02 1476 Adventa Bhd 1.78 -0.01 714 Ac Multi Hldgs 0.33 -0.01 296 Affin Holdings 2.56 0.01 2255 Ahmad Zaki Resou 4.00 0.02 120 Aic Corp 0.61 -0.01 39 Airasia
      2,476 words

  • AVIATION/LOGISTICS
    • 363 20 Move is aimed at financing new projects and counter effects of rising euro AFP [PARIS] French President Nicolas Sarkozy wants to find new partners for the European aerospace group KADS in order to finance new projects and overcome the effects of a rising
      AFP; AP  -  363 words
    • 131 20 Bloomb erg [MUMBAI] The Mumbai High Court yesterday asked the Indian federal government to file an affidavit saying that Jet Airways (India) Ltd, the nation's biggest carrier, had been granted security clearance. The court made the ruling while hearing a suit filed
      Bloomb erg  -  131 words
    • 430 20 Bloomberg [ATLANTA] United Parcel Service Inc, the biggest employer of Teamsters members, said some of the union's locals are using a "campaign of deception" in an attempt to organise the company's freight-hauling unit. "Some locals across the country have been telling employees there
      Bloomberg  -  430 words
    • 264 20 Bloomberg [MELBOURNE] The perceived risk of owning bonds of Qantas Airways Ltd rose to the highest in almost two months amid speculation that Australia's biggest airline may create a separate company to own its planes, increasing total debt. Credit-default swaps (CDS) based on US$lO
      Bloomberg; REUTERS  -  264 words
    • 294 20 Reuters [LONDON] Banks including Banca Monte dei Paschi di Siena, Morgan Stanley and Nomura could take stakes in Italian carrier Alitalia by joining rival Air One's bidding vehicle for the airline, a source familiar with the matter said on Wednesday.
      Reuters  -  294 words
    • 106 20 AP [HONG KONG] Air China Ltd, one of the country's three major airlines, said yesterday it carried 14 per cent more passengers in June than it did in the same month last year. The airline carried 2.89 million passengers in June on both
      AP  -  106 words
    • 2436 20 CITY FLIGHT ETA FLIGHT ETD AtaMaM SQ455 1230 SQ496 1300 MMl LH9771 1750 9MM0B2 2230 SQ268 1750 AF8088 2230 9W4081 1820 BA7382 2230 A F8087 1820 QF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SQ269 2345 taMrfn L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992
      2,436 words

  • SHIPPING
    • 548 21  -  But S- E Asia attacks fell in first half due to joint patrol by littoral states: IMB By CHARMIAN KOK [SINGAPORE] Acts of piracy and armed robbery against ships in the second quarter of 2007 rose sharply by 37 per cent compared
      548 words
    • 254 21 Bloomberg [SHANGHAI] Shanghai, China's busiest container port, handled 24 per cent more sea-cargo boxes in the first half of the year, helped by the country's booming exports of toys, clothes and other goods. Shares of the port's operator surged yesterday.
      Bloomberg  -  254 words
    • 873 21  -  ADMIRALTY CASEBOOK Although it was not the cause, it must share damages By SELVA KUMAR ASINGAPORE-flagged bulk carrier involved in a close-quarter crossing with two other vessels in the English Channel has been found liable in a collision between the other vessels. A US
      873 words
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  • EDITORIAL & OPINION
    • 481 22 EDITORIAL WHEN economists say things like they reckon Singapore will remain Asia's fastest-growing economy in the years to come, "apart from China and India", it sounds more like hype and hyperbole than sober analysis. And that was even before Tuesday's release of sizzling second-quarter
      481 words
    • 1394 22  -  The discipline is being taken to task for relying on abstract theories instead of analyses By PATRICIA COHEN NYT FOR many economists, questioning free-market orthodoxy is akin to expressing a belief in intelligent design at a Darwin convention: Those who doubt the naturally beneficial
      NYT; AFP  -  1,394 words
    • 806 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent MY next-door neighbour is not one of those techno-chal-lenged guys. He has just bought a top-of-the-line laptop with all the bells and whistles. He never leaves home without his iPod. And, yes, he
      806 words
    • 1058 23  -  The West's reduced dependence on oil could change global politics and lessen America's interest in the Middle East and Africa G PANICKER HE US invasion of Iraq was always associated with oil, whatever the official spin. It was seen as a war to remove
      AP  -  1,058 words
    • 912 23  -  Repercussions may affect future opportunities of Indians working overseas By HEATHER TIMMONS IHT HE foiled terrorist attacks in Britain last month have prompted anxiety and soul searching in India, a country whose economy relies heavily on its citizens' ability to work overseas. Some
      IHT; AP  -  912 words
    • 242 23  -  LETTER TO THE EDITOR David Lim Vice-President. Corporate Communications United Engineers Limited I REFER to the letter 'UE should set up separate China firm' (BT, July 10) in response to an earlier BT article 'UE eyes wastewater business in China' (BT, July 9). While UE currently
      242 words

  • Page 23 Advertisements
    • 51 23 A come With 30% off AUSSINO's Prints collection, what's not to dream about? More on your much-needed rest in The Business Times Weekend tomorrow. The Business Times Organised by: by: pntrpßOint FRASERS A iwnbw of The 111 CI II W tIMMPWM MM FftASflt AND NtAVf GAOUP C«ff»<V4* Foist w MAI
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  • 12241 24 SGX MAINBOARD Transaction date: Jul 12 52-wks Tel Last Vol Day Last quote 0i» GrYld Net M Cap High Low Code Company Sale ('000) High Low B uyer Seller C*r PIt Smil 3.5 2 5716 1st Software 2 susp 8.4 22 6 3148 8Telecom 19.5 0 5 1316
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  • 7843 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES totocairarr HIS taUSS tfy dy Jul 11 Intte* Change Change Chang* Chang* Chawg» Ch»nqt World Index Preliminary I184J 0.1 76 0.0 8.1 01 95 t EAfE Preliminary ***** 06 7.8 0.3 9.6 Oi 10.9 Europe Preliminary 1014 4 0.4 8.1 0.0 11.0 01
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  • Page 26 Advertisements
    • 1554 26 UK COMTIMEMT 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 ASEAN GLORY DBI/ABU/DOH/BRN/DAM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
      1,554 words
    • 699 26 IHTttASU RORO service Vtssa/VOT tAfQCT) HB6HUW) WG «H Id SW JW STRAfTS SUCCESS 21 10 3.1 12/07 17/07 SIKAITS VENTUKE 04 5.3 J.J l*/07 22/07 24/07 IAUSTRAUAN RORO StiWiq I VBsa/VQT umn) tacwnw |ub |swiwi sn> m m m MESDfN/065 100MT Si) 30-30/06 024)2/07 14-14/07 16 16/07 lt-19/07 21 21/07
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  • Page 27 Advertisements
    • 1668 27 WAN HAI INTERNATIONAL PTE LTD am. uwswoooo/* \m\ WAN HAI LINES 6^/>^ES^^6^4^226l2oo V lllffnll llnl klllfcll HO. IB: (03) *****188 MX: (03) *****288 PfN lIL (04) *****00 FAX: (04)22*46*9 Y JOHIH: (07) *****23 FAX: (07)*****21 SWIH: (031) 32*5475 ML (031) 32*2714/ 32*1305 www wnnkai cam KTHL (**********6 FAX: (021)*****88Ml 1H:71A3«0/7143tl
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 3685 28 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number -•>-* To ABIDJAN (ABJ) 2003 Cote D'lvoire 25/07 30/08 Delmas NALA DELMA5 729W *****344 To ABU DHABI (AUH) 2004 U. A. Emirates 24/07 04/08 SCI EMIRATES WASL 728W *****355 To ADELAIDE
      3,685 words
  • Page 28 Advertisements
    • 433 28 IRISL, ffimi) fill) Qlh® Wdldllh 3s)@9, ®GG®[pi)B MM IkKstimg) fe? Q® to/fej©(«/ ip©ft[Kii)3 to Ujrsim os wmQt] ®s fts> (&>ilo§o to ih]3i}mi} VtftsJtmftD Mm®* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MARITIME PTE ltd boustead SHIPPING agencies SDN bho pt
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    • 529 28 VKSfI. VOY SIN POU VESSfI VOY SIN JKT PACPANDA *****/2033N 13/07 13/07 PAC OINTAN <407 l«/ 07 21/07 HCIAMO* *****/2034N 14/07 14/07 M lINTAN 9401 25/07 27/07 AUMJAYA2 *****/2035N 15/07 15/07 HCMVM <409 01/00 03/00 PAC PANDA *****/2036N 17/07 17/07 HitWttN <410 00/00 10/01 ViSSil VOT SjN PKU VRStI VOT
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    • 361 28 rjaj GLORY NAVIGATION GROUPI I( SINCE 1970 I OWNS A OPERATES THE YOUNGEST FLEET I WTTH TWELVE 7,000 DWT TWEEN DECKERS ICOVfRING THE ENTIRE ASIA PACIFIC PORTS I B REGULAR WEEKLY SERVICES: a IKAOHSIUNG A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA I SINGAPORE MAP WOON SHIPPING
      361 words

  • PURSUITS
    • 912 29  -  NIGHT OUT Smaller, lesser-known bars and clubs are cozier and they are serious about their music, reports AMANDA DE GUZMAN AMANDA DE GUZMAN Jgi FTER a while, a night out in Singapore Jim can get quite monotonous as clubbers m m take their pick of
      MAY LIN LEGOFF  -  912 words
    • 660 29  -  CRAFTS By PARVATHI NAYAR HOW often have you invested in the materials needed to paint yourself a set of wine glasses, fashion co-or-dinated cushions for the living room or create personalised, handmade cards and have no use for all that expensive stuff after the goal is accomplished? Arden
      ARTHUR LEE  -  660 words
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    • 183 29 Jk v MARINA MANDARIN SINGAPORE MANAGED BY MERJTUS HOTELS RESORTS Continue on your spree at the Marina Mandarin, where choices to feast at fabulous prices abound! Ristorante Bologna Business Luncheon from Mondays to Fridays, from $36 per person Italian High Tea on weekends, eve of and Public Holidays $36 per
      183 words
  • Page 29 Miscellaneous
    • 232 29 CRYPTIC CROSSWORD memories, maybe (8) 26 Become weak with endless best friends doing a job at 22 To some extent corpulent, I cycle of duty (3) 12? (3,3,3,3,3) love a bit of food (6) 27 Get rid of hindrance block- 6 Expanse of water where you 23 Catch parent out
      232 words

  • CINEMA
    • 663 30  -  The latest Harry Potter movie is the best so far, but not the most joyous, says PARVATHI NAYAR PARVATHI NAYAR jtt T'S a tangible rush part adrenaline, part magic as you watch Harry (Daniel Radcliffe) and his cohort of wizards swoop and soar over the Thames
      663 words
    • 325 30  -  DVD By PARVATHI NAYAR SLOW-BURN is a description that comes to mind when watching the exquisitely produced film The Painted Veil. Despite the high-profile stars and the luscious scenery, it's not a flashy film; rather, it builds up the intensity so cleverly that
      325 words
  • Page 30 Advertisements
    • 348 30 Diners Club Card r„ 0980 A World of Exclusive (Tltt Diners wwuxJmerB.com.Bff International i >" >./-•• V «.<■ >' V Taking you back to the traditions ofShutlde CUisitlC with a modern touch... V prepared by hef t our rtewly l&uit&ted Purk Pulffff_ '■■,;.W>\ 7 gaME? 'MM VI- V: •<.. .v.'-I^4^cJ^JSsSXaMsS^g^'**^..'..
      348 words
    • 20 30 £'1v -V 3$ v -~l 'v*'-v jjfc :j- j}»jMH < a V-~4 -'■jjn •fll©* "*Mm I I I M I gm.
      20 words

  • ARTS/WINE
    • 1175 31  -  PARVATHI NAYAR finds that famed director Trevor Nunn is still deeply fascinated with the unpredictable discoveries of theatre PARVATHI NAYAR IR Trevor Nunn has been called "the best all-round director currently working in British theatre" by the prestigm ious Cambridge Guide to World Theatre. Singaporean audiences
      1,175 words
    • 437 31  -  By GRACE CHUA TAKE one history textbook, add a pinch of five-spice powder, heaping spoonfuls of musical versatility and zero MSG, and you've got a recipe for the Dim Sum Dollies' History of Singapore. Serving up a dose of Singapore history along with riffs on pirates,
      437 words
    • 789 31  -  By N K YONG IT is conventional wisdom that wines, especially very old ones, taste best at the place of production. The wines in the property's cellar have been laid down immediately after bottling and never been moved. A wine direct from the chateau's cellar,
      789 words

  • Page 32 Advertisements
    • 132 32 Discover a brand new retail experience with at Central, #04-01 Near Harvey Norman Step into World Sourced Living I ml Discover a treasure trove of ideas and inspirations. And experience a taste of the world brought home. OPENING o(\% SPECIALS jUoff* Onlyfro.B-'SMya, discounts! and exclusive ARR VALS thesbp la% 5—
      132 words

  • COVER STORY/MUSIC
    • 1768 33  -  With savvy customers demanding exclusivity, cult fashion is carving out a niche market here, reports MELISSA LWEE MELISSA LWEE FOR every fashionista who is looking forward to the opening of the Banana Republic store tomorrow at Paragon, there is one who eschews mainstream labels in favour of lesser
      1,768 words
    • 608 33  -  Reviewed by CHRISTOPHER LIM Wolves Deadlock Lifeforce Records Rating: C+ REMEMBER when you could visit a particular section of a music store, make a blind purchase, and have a rough idea of what you'd be getting? Those days are long gone. Music genres that have
      608 words
  • Page 33 Advertisements
    • 60 33 \i*fet^f- g^ t 2007,8pm, Esplanade Theatre t-'... Conductor Um Yau Olrector David Edwards {jfftot AtmavWa DominiqueMoralez Figaro Yungbae Yang Rosina Liang Ning Dr. Bartolo Michael Lion Don Basilio William Lim Philharmonic Orchestra Singapore Lyric Opera Chorus ft the Philippines Chorus jfc4^. Sung in Italian with English 8t Chinese Surtitles a&pS
      60 words

  • executive lifestyle
    • 586 34  -  off the cliff jaime ee DEAR Mr Executioner, I take it that unlike most Singaporeans, love is not your favourite word in the English language. I'm just guessing here, but I'm thinking you're more inclined to favour words or phrases like guillotine, swift blow, or
      586 words
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