The Business Times, 16 July 2007

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Microfilm: NL27760
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Monday, July 16,2007
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  • Article
    Lock icon Aussie funds poised to make a splash
    814 1  -  Managers of retirement savings look to S'pore assets By WEE LI-EN [SINGAPORE] Singapore looks set to benefit from a recent surge in retirement funds in Australia as managers look to diversify risks and to get better returns. Significant changes to the tax treatment
    814 words
  • Article
    Lock icon MARKETS DIGEST
    165 1 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Week Chge STI 3654.61 +92.65 KLCOMP 1384.72 +10.88 NIKKEI 225 *****.95 +98.01 HANG 5ENG *****.29 ....+567.55
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  • Article
    Lock icon Eyes on Keppel, DBS as earnings season kicks off
    526 1  -  By WONG WEI KONG [SINGAPORE] The interim earnings season kicks off this week providing investors with further clues as to where market valuations are heading. Some 477 companies with a December financial year-end will be reporting results for the second quarter
    526 words
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      31 1 Gearing up for V the British Open|v PAGE 14 BizlT Most S'pore IT projects fail to achieve outcomes: study PAGE 30 Asia-Pacific growth to drive SAS growth PAGE 29 s II
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      62 1 DINING OUT Spa-inspired menus page 12 VIEWS FROM THE TOP CEOs on the financial, property markets pages 10 11 I stocks Peter the former'remisier king', looks at the ti i current state of the Singapore property and stock markets PAGE 3 LIM WUI LIANG/THE STRAITS TIMES Schedule of companies that
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      556 2 India hots up as a prime spot for Japanese companies INDIA has moved up sharply through the ranks of countries that Japanese companies regard as promising destinations for trade and investment. It now ranks second behind China and ahead of many other Asian countries or even the United
      556 words
    • Article, Illustration
      Lock icon India hots up as a prime spot for Japanese companies
      661 2  -  Its long-term economic prospects are seen to be better than China's By ANTHONY ROWLEY in Tokyo INDIA has moved up sharply through the ranks of countries that Japanese companies regard as promising destinations for trade and investment. It now ranks
      REUTERS  -  661 words
    • Article, Illustration
      Lock icon Former 'remisier king': equities still have legs
      1481 3  -  But he's worried about the property market By TEH HOOI LING [SINGAPORE] Peter Lim, the man formerly known as the "remisier king" and who is estimated to be worth more than $2 billion today, reckons the stock market still has two good years
      LIM WUI LIANG/THE STRAITS TIMES  -  1,481 words
    • Article
      Lock icon Most listing rule breaches in HK escape public censure
      626 2  -  Data comes amid calls to follow up cross-border cases By JANE MOIR in Hong Kong AN insignificant 12 per cent of Hong Kong's listing rule breaches have resulted in some form of public rebuke since 2003, new figures show. The vast
      626 words
    • Article
      Lock icon HIS VIEWS ON ...
      259 3 HIS VIEWS ON Cutting deals Maybe it's in the blood. It's quite exciting to pitch a deal, to make sure that you don't catch me. It's like a chess game: you make this move, the next one I make. I don't want to •get checkmate. Wealth Money is a funny
      259 words
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      141 3 v mfrMi 1 ".»'•>'• Tv y 1 t v v. V. *v. -t.< > s 'i~ your nest egg her comfort v■■ >"' i .V?v •>--.-T .Vi'C-v; }iJ.: your standards our planning W ."/•>* '"'v f/v?:^' '-v > f M'r i *> \V <•;; 2'%;' s 1 I 'S*i\ .>■'-'
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  • SINGAPORE MARKETS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      537 4 *■>— t El (Mta hj Ei|wm b look) fry iffll—*as——£as_ isai o dw <» AOvtntcgraaad a 4190 2444 11JM »«wa SATfco S SOOO 30*4 62-Aug 11 Jog WPilW F »<feJT* TOAug I34uj BMy SA »M> UJkig 4uA»«ndPG I MMW JTJui 0244 S1A < ftOW 07 17-4ug A»apta» 7
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    • Article, Illustration
      Lock icon Momentum and liquidity are still positive
      630 4  -  STOCKS R SIVANITHY Senior Correspondent nIL prices on Friday rose to an life month high of US$74 per barrel, US retail sales for 10 June were the worst in two years and volatility in both equities and bonds is at its highest in 18
      630 words
    • Article
      Lock icon Brent oil price spikes close to record US$78
      457 4 CURRENCIES AFP [LONDON] World oil prices surged last week as speculators rushed into the market amid tight American fuel supplies, driving London's Brent crude within grasp of a new record high. Oil: The price of Brent North Sea crude for August delivery
      AFP  -  457 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      2149 4 Consensus No.of Forecast Mean Fri's recommendation esti- EPS PE target price Company name This wk Lastmth mates (cents) (ratio) price Advanced Holdings 2.50 2.50 2 3.35 16.57 0.40 0.61 Allco Commercial REIT 1.50 1.50 6 4.58 25.54 1.44 1.17 Allgreen Properties 2.78 2.78 9 8.18 25.56 1.72 2.08
      2,149 words
    • Article
      Lock icon Asian currencies higher against US dollar
      349 4 COMMODITIES AFP [HONG KONG] Asian currencies ended the week sharply higher against the US dollar as offshore capital continued to flow into the region supporting currencies and stock markets. Japanese yen: The Japanese yen was expected to stay range-bound in the coming week while
      AFP  -  349 words
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      640 5 I <**< •*'v"* ~V- J.y v V> -v it- v v -i*. "X '"i.-*•* l* <-* r Vior- Y. ..•<•*. 'r fymSK -■> *?>. t v '*.-v -£,*V si Vr .< V Y **<$£+&, 'f- *V'& ''*V'- 4 V s VL'i& As a frequent flyer, you'll have expectations that are
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon India losing Reit business to S'pore as regulators drag their feet
      1171 6  -  COMMENTARY By ANDY MUKHERJEE Bloomberg THE one financial product that Indian investors badly need and continue to be denied is a real-estate investment trust, or Reit. Venture-capital property funds, which are permitted by the Securities and Exchange Board of
      Bloomberg; REUTERS  -  1,171 words
    • Article, Illustration
      Lock icon Sino-Environment expects flat H1 growth
      740 7  -  But fundamentals remain firm and it envisages a strong second half By LYNETTE KHOO CITING capacity constraints, Sino-Environment Technology Group says it is expecting flat first-half earnings growth. But the China-based provider of industrial and municipal waste-treatment services envisages a strong second half. "We will
      FILE PHOTO  -  740 words
    • Article
      Lock icon CMZ's IPO subscribed by 11.5 times
      264 7  -  By SIOW LI SEN ZIP maker CMZ Holdings, which debuts today on the mainboard, said its initial public offering was 11.5 times subscribed. In a statement issued on Friday night, the manufacturer of metal, resin and nylon zippers said its IPO which raised $15.3
      264 words
    • Article
      Lock icon China XLX unit in raw material deal
      194 7 SINGAPORE-LISTED China XLX Fertiliser said that a subsidiary company Henan Xin Lian Xin Fertiliser has inked an agreement with substantial shareholder Sinochem Fertiliser Co to secure a key raw material. Under a five-year distributorship agreement, Sinochem has agreed to procure 300,000 tonnes of
      194 words
    • Article
      Lock icon Be more forthcoming on detailed use of IPO funds
      761 6  -  HOCK LOCK SIEW By R SIVANITHY ON MAY 16, home shopping retailer Gems TV made a significant announcement that passed the notice of most stock market observers without any fanfare the company gave details of how the money it raised in
      761 words
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      265 6 Internationally renowned Professor with over 35 years of professional ;< V experience in financial analysis using basic software (MS Excel) t0 develo P °P timal portfolio and investment model specifically for yU investment analysis and portfolio management. Mpr M 26th 27 th July (Thu Fri) Would you be able to
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      46 7 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 S$9OM 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
      46 words
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      248 7 f Cation Delighting You Always y i How can limprove^V f operational productivity Simple. V and save money on my J i. You evolve. M printing?^ a is ft! .ajj HT lull 1 f *v* WM m. J- «r~ I 'SZyCSBS I ijj a pppHß^^y ■PF w> JUsdMfIHH st -J*
      248 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Lowest PTB portfolio charges ahead
      1517 8  -  TEH HOOI LING Senior Correspondent The lowest price-to-book ratio continued to charge ahead, bringing its value to $1,085 million compared with the initial capital of $150,000 in February 2003. LC Development is the super performer in the portfolio last week. Last week, it surged 31
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    • Article, Illustration
      Lock icon Flat trading last week by directors and substantial shareholders
      1494 8  -  INSIDE MARKETS Corporate shareholder trading down in July, figures lower than last week of June By ROBERT HALILI TRADING by directors and substantial shareholders was flat last week with 73 firms recording 215 trades, filings with the Singapore Exchange showed. The
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  • SINGAPORE NEWS
    • Article
      Lock icon Record 17,000 MICE visitors set to arrive
      313 9  -  By JAMIE LEE SINGAPORE is expected to bring in a record 17,000 visitors in a four-day corporate event, surpassing the 16,000-strong contingent at the International Monetary Fund and World Event meeting held last year. The Singapore Expo is set to host these delegates
      313 words
    • Article, Illustration
      Lock icon TAKE NOTE, MOVE FAST
      153 9  -  By ARTHUR LEE NOTE collectors hoping to add the new $20 polymer notes to their collection will have to move fast. The circulation notes will be available from banks starting today. It is predominantly orange in colour and measures 149 mm by 72 mm, in between
      153 words
    • Article
      Lock icon EVENTS LISTING
      275 9 DATE/ TIME EVENT VENUE 16-17 Jul Successful Strategies Grand Copthorne 07 For Sponsorship Waterfall Hotel 8.30am Sales Management 16-18 Jul Effective Strategic Grand Copthorne 07 Distributor Waterfall Hotel 9.00am Management in Asia Workshop 16-20 Jul ICSC Asia Expo 2007 Suntec Singapore 07 International and 9.00am Exhibition Centre Conference
      275 words
    • Article, Illustration
      Lock icon UK, S'pore property buyers show mutual interest
      686 9  -  As Asean investors look west, wealthy Britishers also keen on S'pore properties By NANDE KHIN MORE super-wealthy South-east Asian individuals, including Singaporeans, are looking to invest in UK properties, especially in London. But the flows are not just going one way; more British
      YEN MENG JIIN  -  686 words
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      218 9 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 preparation for IPO Call 6-*****68 now Accountserve
      218 words
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      3 9 GOOD CORPORSATE GOVERNANCE
      3 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Irrational exuberance?
      2285 10 THIS WEEK'S TOPIC Will the financial and property markets continue to boom, or do investors need to be more cautious? When, if at all, should the authorities step in? What's fuelling the markets Charles Reed CEO interTouch THE boom in the property market is about the same as
      2,285 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Spa-inspired menu; unpretentious food
      1336 12 NEW RESTAURANT Barracks 80 Dempsey Hill, Tel: 6475-7787. www.dempseyhouse.com YOU can take the soldier out of the army, but you can't take the army out of the soldier. At least not if the soldier is now an adult yuppie dining at his former barracks-turned-überhip-eat-ery. Indeed, your
      YEN MENG JIIN  -  1,336 words
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      2560 12 J/Ktk NIOTTCFS X X JL Vh_> 1j kJ Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY JT-SELL IT FIND IT r lilHc tni ASIATIC GROUP (HOLDINGS) LIMITED Company Registration No. 200P*****R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of
      2,560 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon A living legend named Lynch
      868 13  -  UN ZHAOWEI focuses on fidelity's Peter Lynch in today's instalment of an ongoing series on the world's great investors LIN ZHAOWEI WHEN Peter Lynch took over Fidelity's Magellan Fund in 1977, the mutual fund had assets of US$2O million. Six years later, this had grown
      868 words
    • Article, Illustration
      Lock icon Translating across cultures
      808 13  -  CAMPUS LIFE Two interns from Hong Kong unravel the truth behind S'pore's hectic image, writes JANICE HENG JANICE HENG EDESTRIANS in Singapore may H fB ha ve the world's fastest walking H pace, according to a British study done last year. But two interns from Hong Kong
      YEN MENG JIIN  -  808 words
  • Page 13 Advertisements
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      251 13 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      251 words
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  • BRITISH OPEN
    • Article, Illustration
      Lock icon World's top golfers gear up for British Open
      1098 14 All eyes are on the likes of Tiger Wood and Luke Donald when the tournament opens on Thursday AFP TIGER Woods will juggle his new role as a proud Dad with his quest to overtake Jack Nicklaus as the greatest golfer ever
      AFP; REUTERS, AP, THE STRAITS TIMES  -  1,098 words
    • Article
      Lock icon Lam out to set a mark at British Open
      410 14 AFP [KUALA LUMPUR] Lam Chih Bing will be counting on marital bliss and advice from a Carnoustie expert to lead him to an historic showing at the British Open in Scotland this week. Lam is only the second Singaporean to qualify
      AFP  -  410 words
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      75 14 "Hurry! WSr Get Yours Now!" O Shooting Sports: Capture the emotion, drama and the moment! O Shooting sport videos with easei O Essential Photography fir VWeography equipment! i 012 Pages of Readers' Galleria! O Win fantastic prizes in our 3-month Readers' Poll! I (ommtsety oewi !ten* jnd lechnology fiewi Hoi
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      95 14 r 1 THE BUSINESS TIMES-CALLAWAY BRITISH OPEN A Wtmm 1111 I ill n f 111 1bI<I«Ii v rreoici m winner ot tnc Drvosn v/pen 1 tournament and you could pickup: Ist Prize: Callaway FT-5™ Driver 1 Sssoo Callaway Golf Apparel Vouchers 2nd Prize: Sssoo Callaway Golf Apparel Vouchers 3rd Prize:
      95 words
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  • ECONOMY WATCH
    • Article
      Lock icon Trade deficit with East Asia hits US$87.5b in 2006
      265 15 Xinhua [BEIJING] Although China has an overall foreign trade surplus, it had a deficit of US$B7.5 billion in 2006 with East Asian countries, said Liao Xiaoqi, vice-minister of commerce, on Saturday. Mr Liao said at the 3rd East Asia Investment Forum
      Xinhua  -  265 words
    • Article
      Lock icon IEA raises global oil demand forecast for 2008
      570 15 AFP [PARIS] The International Energy Agency (lEA) predicted on Friday that tightness on the global oil market would ease next year, as it raised its forecast for oil product demand for 2008 by 2.5 per cent to 88.2 million barrels a day.
      AFP  -  570 words
    • Article, Illustration
      Lock icon WTO rules against Japanese duties on Hynix chip imports
      237 15 AFP [GENEVA] The World Trade Organisation (WTO) last Friday ruled that Japan's punitive tariffs on imports of semiconductors made by South Korean firm Hynix were illegal. In a ruling released on the WTO's website, a dispute settlement panel set up by
      AFP; BLOOMBERG  -  237 words
    • Article
      Lock icon Will there be other candidates for IMF director?
      429 15 AFP [WASHINGTON] The International Monetary Fund (IMF) has opened the selection process for the next managing director, but it remains to be seen whether there will be more than one candidate. Under an unwritten and increasingly scorned agreement, Europe chooses a European
      AFP  -  429 words
    • Article
      Lock icon China's economy set to overtake Germany's
      666 15 Fresh data to reveal Beijing's moves to curb roaring growth have had little effect AFP [SHANGHAI] China's economy grew so rapidly in the first half of 2007 that it is likely to overtake that of Germany as the world's third-largest by the end of
      AFP  -  666 words
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      1935 15 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      1,935 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Ensure white-collar crime does not pay
      599 16  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent CONSIDERED by many to be a "high-profile" case, the charging of three top executives in disgraced Transmile Group last Thursday made for front-page news in Malaysia's dailies. Last week, the Securities Commission (SC) charged the three with abetting
      599 words
    • Article, Illustration
      Lock icon New regulations help untangle red tape: Jakarta
      737 16 But investors are finding fresh rules governing foreign ownership baffling AFP [JAKARTA] Indonesia's new list of foreign investment limits by sector has caused head-scratching among investors. But analysts and the government say that despite any confusion, it is a step towards untangling the
      AFP; REUTERS  -  737 words
    • Article
      Lock icon Resorts World cuts stake in Star Cruises
      206 16 [KUALA LUMPUR] Resorts World Bhd is selling almost half of its equity interest in Star Cruises Ltd (SCL) for HK52.64 billion (*****.7 million) cash to an investment holding company owned by Chua Ma Yu, according to Malaysia's Business Times. As of March, Resorts
      206 words
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      72 16 mecbbßß J (aw® y 1 imrnm It**®#. I Lianhe Zaobao k Ism Itiattractflrms I IlKanl I I Mai Asia I I list k STpore I 18rin#SfS»r I I 3|(psncttEtt!!KS!g 1 IffiiHiSßl g r WlB fmmmm J w m)js&- r®P J§i .*£9 a RPffir nlrlPW mir *0- ifggj -W j Bl
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China's aluminium needs to grow 15-20% by 2011
      488 17 Demand from the power, transport sectors may turn it into net importer Reuters [HONG KONG] Consumption of primary aluminium in China, the world's top user of the metal, is likely to grow at an average of 15 to 20 per cent per
      Reuters; REUTERS  -  488 words
    • Article
      Lock icon Goldman's China ally plans private equity fund, say sources
      828 17 Bloomberg [HONG KONG] Fang Fenglei, who founded China's first investment bank more than a decade ago, now wants to open one of the country's first independently run private equity funds, said two people with direct knowledge of the matter. Mr Fang,
      Bloomberg  -  828 words
    • Article
      Lock icon Baosteel on Fortune list for 4th straight year
      167 17 Xin hua [SHANGHAI] The Shanghai Baosteel Group Corporation, China's largest steel maker, announced last Friday that it has been included in the Fortune 500 list for the fourth straight year. Baosteel ranks 307 th on the 2007 list of Fortune 500 companies
      Xin hua  -  167 words
    • Article
      Lock icon Viacom likely to open theme parks in China
      229 17 Bloomberg [SUN VALLEY. Idaho] Viacom Inc, owner of MTV and the Paramount film studio, has discussed building theme parks in China with government officials. "Very recently, a delegation came from Changsha to discuss the possibilities of a theme park," Viacom chairman Sumner
      Bloomberg  -  229 words
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      1478 17 PACIFIC ANDES (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that a Special General Meeting of the Company will be held at East India Rooms, Level 1, Raffles Hotel, 1 Beach Road, Singapore *****3 on Tuesday, 31 July 2007 at 3.45 p.m. (or soon thereafter as
      1,478 words
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  • INDIA
    • Article, Illustration
      Lock icon India expected to stick to its guns at nuclear talks with US
      576 18 July 17-18 meeting expected to be a decisive round after long negotiations Reuters [NEW DELHI] India is expected to show little flexibility at negotiations with the US this week over a controversial nuclear energy deal, officials said, amid
      Reuters; REUTERS  -  576 words
    • Article
      Lock icon Ernst & Young compliance work moves to India
      292 18 Ernst Young compliance work moves to India [LONDON] Thousands of businesses will have their corporate tax returns completed in India after Ernst Young announced it would be the first of the big four firms to move its UK tax compliance work offshore, the Business Standard reports. Ernst Young plans to
      292 words
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      300 18 Diners Club Card To oyyi/|| oa/f6416 0980 I MMI World of Exclusive Privileges Treats Diners Club www.dmers.com.sg International' 1 *'*'W v#-**-* BMBw&i r ggqss? IB 14 luHßu n 4 Kobe, Wagyu, USDA Black Angus, Meltique, John Dee, Kurobuta Pork and many more. J r Savour the world's most scrumptious premium'meat
      300 words
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      2 18 CATS NOTICES
      2 words
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  • MIDDLE EAST
    • Article
      Lock icon Iran, Turkey in deal to develop giant gas field
      336 19 Talks next month on project to pipe Iran gas to Europe through Turkey AP [TEHERAN] Iran and Turkey have signed a deal on energy cooperation and agreed to develop part of the giant South Pars gas field in the Persian Gulf
      AP  -  336 words
    • Article
      Lock icon Dubai pays HK$407m for 10% of oil storage company Hans Energy
      220 19 AP [HONG KONG] The Dubai government has agreed to pay HK$4O7 million (5578.9 million) for almost 10 per cent of oil storage company Hans Energy Co, the Hong Kong-listed company said last Friday. The investment is being made via
      AP  -  220 words
    • Article, Illustration
      Lock icon Dubai buys 2.87% of India's ICICI Bank
      317 19 Deal makes Dubai ICICI's fifth-biggest shareholder Bloomberg [DUBAI] Dubai International Capital LLC, an investment company controlled by the emirate's ruling sheikh, bought 2.87 per cent of ICICI Bank Ltd, India's biggest lender by market value. "We are confident that this investment will underscore
      Bloomberg; BLOOMBERG  -  317 words
    • Article
      Lock icon Major bank merger terms unveiled
      235 19 Xinhua [ABU DHABI] Dubai has unveiled terms of a merger between its two leading banks, which is set to create the largest bank by assets in the Gulf Cooperation Council (GCC) region, local newspaper Khaleej Times reported last Friday. The merger between Emirates Bank International
      Xinhua  -  235 words
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      51 19 i M H > I r 1 H r 1 I i ■i j -1 i s i >■ I I I I J I I i i A f- I I——l y. i I f CATS Recruit The first step on your ladder to success [•iAT-3 RECRUIT NO o
      51 words
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      1024 19 PACIFIC ANDES (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of PACIFIC ANDES (HOLDINGS) LIMITED ("the Company") will be held at East India Rooms, Level 1, Raffles Hotel, 1 Beach Road, Singapore *****3 on Tuesday, 31 July 2007 at 3.30 p.m.
      1,024 words
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      1160 19 WBm HIAP HOE LIMITED WMWi—I Company Registration No: *****0676Z ,rx i rpairnmuj Notice Of Expiry of Warrant* IMPORTANT NOTICE EXPIRY OF WARRANTS To All Holders of Warrants which were issued by Hiap Hoe Limited (the "Company") This notice is important and requires your immediate attention. Iff you are in any
      1,160 words
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  • ASIA PACIFIC/WORLD
    • Article
      Lock icon Rio Tinto defends US$38.1 b offer price for Alcan
      542 20 It will create world's largest aluminium firm and benefit from growth in Asia AFP [SYDNEY] Mining giant Rio Tinto yesterday defended the price it has offered for Canada's Alcan, saying the robust economic growth of China and India would see the
      AFP  -  542 words
    • Article
      Lock icon STOCKS ASIA
      2883 20 Transaction date: Jul 13 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG vol HKS 000 eon Credit 6.80 unch 218 Aeon Stores 12.30 0.10 26 Angang Steel 18.20 0.22 ***** Anhui Conch 50.55 0.05
      2,883 words
    • Article, Illustration
      Lock icon MARCHING GOOD TIME
      51 20 Reuters [BEIJING] The Kinetika Bloco band from Britain performs at a section of the Great Wall of China, north of Beijing yesterday. About 2.000 performers from 15 international marching bands performed as part of the Olympic Cultural Festival, organised to promote the 2008 Beijing Olympic Games. Reuters
      Reuters; REUTERS  -  51 words
    • Article
      Lock icon N Korea shuts down nuclear reactor, allows UN inspectors
      335 20 Bloomberg [WASHINGTON] North Korea has shut down the Yongbyon nuclear reactor and allowed international nuclear inspectors to return to the communist nation, the United States State Department said yesterday. "We welcome this development and look forward to the verification and monitoring
      Bloomberg  -  335 words
    • Article, Illustration
      Lock icon Brunei sultan urges bigger role for SMEs
      374 20 AFP [BANDAR SERI BEGAWAN] SmaU and medium enterprises must play a greater role in the economy of oil-rich Brunei, Sultan Hassanal Bolkiah said yesterday. In a speech marking his 61st birthday, the sultan, one of the world's long-est-reigning monarchs, called for government agencies
      AFP  -  374 words
    • Article
      Lock icon Black not welcome in native Canada after US conviction
      506 20 AP [OTTAWA] Media baron Conrad Black, once one of Canada's wealthiest and most influential citizens, is no longer welcome in his native country. Black's criminal conviction in a US courtroom last Friday on four charges of fraud and obstruction of justice
      AP  -  506 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Jakarta curbing airlines growth on safety concerns
      518 21  -  Tougher rules in granting operating licences on FAA recommendation By LAUREL TEO in Jakarta INDONESIA hopes to rein in the growth of its aviation sector because the regulating authorities have not been able to keep up with the booming industry. Such an imbalance
      518 words
    • Article
      Lock icon PRIME LENDING RATES
      377 21 PRIME LENDING RATES j* »j BANKS Land Bank of Taiwan 6 ABN Antra tork NV 5 5 AertaAm U* 01 CNn> ii tg JSS?SS^:::ri7s Ant 8*f* Pl£ S S MDutalv UFJ Trull ft Unking Banca Ot Roma Singapore 6 brandj' 6,5 Miajho Corporate Bank Ltd 6 Banco
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2291 21 CITY FLIGHT ETA FLIGHT ETD ntrw SQ456 1300 LH9771 1750 LH9770 2345 SQ268 1750 SQ269 2345 iUiWlhtBi SQ531 0710 I—Hiiim L***** 0630 A7.3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 Atlanta AC5202 2335 AC5203 0645 IA895 2335 IA896 0645 HK433
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      Lock icon TRANSPORT STOCKS
      287 21 S6X 000 mi ss w- w CH Offshore 0.90 unch 8543 Chuan Hup Hldgs 0.45 unch 7823 Cosco Corp 4.90 0.10 7763 CWT Ltd 1.05 0.01 1595 Ezra Hldgs 6.50 -0.10 170 First Ship Leas* 0.99 0.01 1476 Freight Links 0.15 unch 6297 Grand Banks 1.14 unch 27
      287 words
    • Article
      Lock icon MAS apologises for flight disruptions
      342 21 Ber nama [KUALA LUMPUR] Malaysia Airlines (MAS) has said it experienced several flight disruptions recently due to a combination of factors including technical issues, bad weather and the introduction of the passenger services system. MAS managing director and chief executive officer Idris Jala on Saturday
      Ber nama  -  342 words
    • Article
      Lock icon Online travel sites court unmanaged business users
      459 21 Reuters [CHICAGO] After revolutionising US travel bookings, online agencies now have their eye on a lucrative but elusive part of the business market. The so-called unmanaged business travellers have become increasingly valuable to companies like Expedia Inc and Orbitz Worldwide. These are people
      Reuters  -  459 words
    • Article
      Lock icon Oil spill threatens Southern English beach as salvage plan goes awry
      384 21 AFP [LONDON] Oil from a stricken container ship leaked on Friday onto a southern English beach and blackened sea birds in the latest mishap for a costly six-month-long salvage operation, officials said. The MSCNapoli was deliberately run aground in
      AFP  -  384 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      219 21 CRYPTIC CROSSWORD 1 Man uses mashie spoon 28 Cash offer you can t refuse wmnoivn cm utiqn (5 6) 14 Criminal who runs a bank- YESTERDAY S solution rupt business (8) Across: 1 Sesame, 4 Shadow, 8 DOWN 16 A great thinker, tries a lot to Subsonic, 10 Arrowy, 11
      219 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11215 22 STRAITS TIMES INDEX STOCKS Stock name Wt don Change Stock nam* Wt Oom Change Stock name Wt Oo»e Change Allareen 0 59 2.080 -0.010 I Hyflu* 0.29 3.180 -0.020 SPC 0.42 5.950 *0 050 Ascendasreit 1.07 3.140 -0.060 JMH 2.82 25.400 ♦0 300 SPH 2 90 4 640
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  • Article
    Lock icon FINANCE & COMMODITIES
    5866 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy yr dy %yr ■I"! 13 Index Change Change Change Change Change Change The World Index Preliminary 1205.0 0.4 9.5 0.4 10.1 0.4 11.4 t EAFE Preliminary 1211.4 0.6 9.4 0.7 11.2 0.7 12.5
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  • Page 23 Advertisements
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      1021 24 UK COMTINEMT SEBVICE U.S.* SERVICE Destination Destination STXPOTBN RDM/ATW/UK/NAN PACIFIC PIONEER CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN ASEAN GLORY DBI/ABU/DOH/BRN/DAM/KWT PAN DYNAMIC JDH/AQA/DMT/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES
      1,021 words
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      1358 24 IINTIRASU RORO iONKt VBsa/yor kampoo) hbghtod pkg kch lo I s jkt STtAITS SUCCESS 21 10 3.2 12/D7 17/07 snuns VENTURE 04 5.3 12 19/07 22/07 24/07 I AUSTRALIAN RORO SERVICE I vbsr/voy ramp(kt) hbghtw lia iswim syd m ape m DRESDEN /065 100MT 5.0 30-30/06 02-02/07 14-14/07 14-14/07 IHVO7
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  • Page 25 Advertisements
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      1726 25 WAN HAI INTERNATIONAL PTE LTD a ho-, **********0/R TH:*****588 (14UNES) FAX:*****163 \MN\A/AM II A I IINFx Customer Service/Bookings Direct line (1800) *****200 I VvMIl lIHI LIIIL J PHI IB: (03) 3344H5S NUt (03) *****2 M PfH 1H: (04) *****00 FAX: (04)*****99 Y— *)H TH; (07) *****23 FAX; (07)*****21 SIR TH;
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      1444 25 |-jr\ EASTERN CAR LINER, LTD W 1 I SPECIALIZE IN RORO A HEAVY LIFT UPTO 450 TOhT~| voT~ r—(im sih pkl pnh jkt mm lo ESTKELU ETEKNA 147 60 16/07 z z i__ _I!Z9Z_ NOZOMI 15 50 20/07 23/07 ESTHELL* ETERNA 148 60 22/07 24/07 LILAC ACE 54 30 "OPT
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      702 25 (f!D if WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS YBStL WY SIM I fJOAMG I COIOWO N SHtVA COtOMIO~ Imow OIIW IQM ILML MM If, _2LUil— MUMMM rPHott mi fin m—zu&—2lbl_ HOWIAHM OOMW 24 JUL lillll MIUI 01 AUG OS AUG ALSO ACQPTMC FA
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      5132 26 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 25/07 30/08 Delmas NALADELMAS 729W *****344 05/08 09/09 Delmas VERONIQUE DELMAS 730W *****344 05/08 12/09 Delmas VERONIQUE DELMAS 730W *****344 To ABU DHABI (AUH) 2004
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  • Page 26 Advertisements
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      410 26 1 ■J KjJ U [VESSEL VOY RKL SIN KHI DXB BAB PMM BIK KHO IRAN BAABAEI PCLB2O7 22/07 23/07 01/08 04/08 05/08 11/08 13/08 15/08 IRAN SATTARI PCLB2OB 31/07 01/08 10/08 13/08 14/08 20/08 22/08 24/08 IRAN TABATABAEI PCLB2O9 07/08 08/08 17/08 20/08 21/08 27/08 29/08 31/08 [VESSEL VOY SIN
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      389 26 Nordana (Asia) Pie Ltd I 70 SlmtM Way, #21-03 Marina Hons* Singapore 079)18 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL DATES VESStL *2L Sinyiri frwwtW Ct» Iriwd (ktawm Iriwd Pnsir GUm* klond Express lE7DS X 12 Jul 24 Jul TTTST 03 Aug Islond
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      Lock icon Page 26 Advertisements Column 3
      278 26 riaj GLORY IuinGATMN GROUpI 1 9 I SINCE I*7o I I OWNS it OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING g I THE ENTIRE ASIA PACIFIC PORTS I REGULAR WEEKLY SERVICES: a KAOHSIUNG CHINESE PORTS, HONG KONG I TO* FROM I SOUTHEAST ASIA I a
      278 words
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  • Page 28 Advertisements
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      1812 28 [*AT3 NOTICFS JL JL I—< Toll free: 1800-289-8822 Email: notices@sph.com.sg OLjyL Jg°£m re .^lLfllßgueyaLJfl DTERNATIONAL ISLAMIC UKIVERSITT MALAYSIA (CompwryNo. *****7-PJ TENDER FOR THE SUPPLY, DELIVERY, INSTALLATION, TESTING, COMMISSIONING TRAINING of LABORATORY AND TEACHING EQUIPMENT FOR THE INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA LOAN NO: MA 100 (Phase 1) PACKAGE TENDER NO. PACKAGE
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      165 28 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF WANG COO-KIEN COMPANY PTE LTD (In Member's Voluntary Liquidation) Company Registration No. *****0065G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Ad, Cap. 50, that a Final Meeting
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      494 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MUSCOY INTERNATIONAL (S) PTE LTD (COMPANY NO: *****3J63H) (IN MEMBERS' VOLUNTARY UQUIDATION) At an Extraordinary General Meeting of the abovenamed Company held at 100 Kim Seng Road #02-21 King Seng Plaza, Singapore *****7 on 10 July
      494 words
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      1830 28 D9D V Raiffeisen Zentralbank Osterreich AG (RZB Group) Austria (Incorporated in Austria) Consolidated Balance Sheet Consolidated Income Statement €000 31.12.2006 31.12.2005 1/1 -31/12 1/1 -31/12 €000 2006 2005 Hmti Cash reserve 5,017,028 3,305,203 Interest income 5,245,019 3,516,633 loans and advances to Interest expenses (3.058.5261 11.910.4101 banks 32,005,923 29,646,533 Not interest
      1,830 words
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  • BizIT
    • Article, Illustration
      Lock icon Asia-Pacific region to drive SAS growth: CEO
      720 29  -  It is expected to be as big a market as the Americas, Africa, Europe and the M-E By ROLAND LIM FOR data analytics software firm SAS, the Asia Pacific region is expected to be as big a market as the Americas and Europe,
      720 words
    • Article
      Lock icon CEO Mark Hurd says HP 'doing better, not great'
      245 29 Reuters [SAN FRANCISCO] Two years into his role as leader of Hewlett-Pack-ard Co, chief executive Mark Hurd says the the world's biggest computer company has improved but has a very long way to go. "I would give us a good grade
      Reuters  -  245 words
    • Article, Illustration
      Lock icon <what's new>
      432 29  - &lt;what's new&gt; Compiled by ROLAND LIM Pair this Philips up with a video iPod PHILIPS has launched the Philips DCPBSO portable DVD player ($405) that is compatible with Apple's video iPod. The portable DVD player has a dock that accepts the video iPod, so users can view their videos from
      432 words
    • Article
      Lock icon Microsoft estimates 2% gain in monthly US Internet searches
      259 29 Bloomberg [SEATTLE] Microsoft Corp said its share of US Internet queries may have risen about 2 per cent last month, its biggest gain since it introduced its search engine in 2004, as the company tries to catch up with market leader
      Bloomberg  -  259 words
    • Article, Illustration
      Lock icon Brother looks to ramp up SMB sales
      389 29  -  It launches laser printers for small businesses By AMIT ROY CHOUDHURY JAPANESE printer maker, Brother International, has introduced a new range of colour laser standalone printers and multi-function centres (MFCs) for small and medium-sized businesses (SMBs) in Singapore and the Asia-Pacific region. Tetsuo
      389 words
    • Article
      Lock icon <what's up>
      328 30  - &lt;what's up&gt; Compiled by AMIT ROY CHOUDHURY New print programme from HP HEWLETT-PACKARD (HP) has launched the HP Easy Print Assessment programme, a service that provides businesses with an insight into their print usage patterns in order to improve device utilisation and achieve greater costs savings. HP is offering a
      328 words
    • Article, Illustration
      Lock icon Most S'pore IT projects fail to achieve outcomes
      723 30  -  An EIU-HP study notes these projects were delivered late, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AN overwhelming majority of IT projects undertaken by Singaporean companies in the recent past did not achieve a positive outcome and were delivered late, according to
      723 words
  • Page 29 Advertisements
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      413 29 HMPV Bsr if fcf iff Hp Efficient workgroup mono laser High speed workgroup mono laeer Efficient workgroup colour Workgroup multi-function mono High speed workgroup multiprinter for all environment printer for all environment laeerprlnter laser printer function mono laser printer J&. 32? &ML &.£££&gt; «&e-©S'" a®6 a a, iai a®6 a
      413 words
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      307 30 Moving on up Asia-Pacific region to drive SAS growth. PG 29 Find out more about APC products at our website: www.apc.com/sg or simply contact any of our authorized partners today. APC SMART-UPS SERIES APC SMART-UPS RT SERIES Performance power protection for servers, voice and data networks Performance power protection with
      307 words