The Business Times, 17 July 2007
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2007-07-17
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The Business Times
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Title Section20 2007-07-17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Tuesday, July 17.200720 words
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536 2007-07-17 1 RONNIE LIM - Under study storing oil out at sea Use of large floating platforms could ease space crunch at Jurong Island By RONNIE LIM A VERY large platform, floating on the sea, may serve to store oil and take the pressure off Jurong Island's limited land space. Such floating platforms if they536 words
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Article, Illustration788 2007-07-17 1 ARTHUR SIM - It will go beyond headline numbers to reflect prices on ground By ARTHUR SIM THE Urban Redevlopment Authority (URA)has released previously unavailable data from property developers to give home-buy-ers a keener sense of prevailing prices. It has also said that it will788 words
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Article138 2007-07-17 1 W ST INDEX 3,653.23 (-1.38) ST INDEX FUTURES 3,654 (-2) SIMSCI 449.90 (+0.44) A SIMSCI FUTURES 450.20 (+1.10) MARKETS Monday Change KLCOMP 1,381.51 -3.21 NIKKEI 225 Closed HANG SENG 22,953.94 -145.35 SET INDEX 857.08 -2.06 JAKARTA COMP 2,286.22 -15.38 MANILA COMP 3,753.26 -32.76 SEOUL COMP 1,949.51 -13.42 SHENZHEN138 words
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Advertisement31 2007-07-17 1 B?P HARRY POTTER USs33om in first week SME SPOTLIGHT Small is big W «|i They are out to make their mark with the world's smallest optical computer mouse. PAGE 11 831 words
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Advertisement17 2007-07-17 1 HBHH IKI S'PORE PROPERTY mmm% km Napier Road, Rochester projects laimehed page 30 HHV^I i aar.'j-» lISISI17 words
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TOP STORIES
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Article448 2007-07-17 2 $1 m fine: postal law takes tough competition line THE new, fully open postal sector comes with sharper teeth to punish anti-competitive behaviour. According to changes made to the Postal Services Act, passed yesterday by Parliament, fines for such actions will be raised from the current $10,000 to448 words
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Article, Illustration870 2007-07-17 2 KALPANA RASHIWALA - Central region takes top spot with average cash over valuation of $20 ,900 By KALPANA RASHIWALA [SINGAPORE] The Housing Development Board (HDB) yesterday released data showing that 70 per cent of resale deals in Q2 were above valuation with the870 words
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566 2007-07-17 2 CHOW PENN NEE - 93% have met with poaching attempts in past year: survey By CHOW PENN NEE [SINGAPORE] Almost every customer relationship manager (CRM) working for a bank in Asia has been approached at least once in the past year about switching to another private bank,566 words
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Article, Illustration515 2007-07-17 3 CHUANG PECK MING - YESTERDAY IN PARLIAMENT Maximum fine for anti-competitive conduct raised from current $10,000 By CHUANG PECK MING [SINGAPORE] The new, fully open postal sector comes with sharper teeth to punish anti-competitive behaviour. According to changes made to Postal Services Act, passed yesterday by515 words
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Article, Illustration441 2007-07-17 3 SIOW LI SEN - It may pay NT$23 to NT$25 a share for part of bank: report By SIOW LI SEN [SINGAPORE] Taiwanese lender Far Eastern International Bank, which has been courting buyers for several years now, is offering control to sweeten the deal, saidFILE PHOTO - 441 words
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Advertisement457 2007-07-17 2 people Do we know Mmrlc y° u? (Register with us today) www.thepeopleatwork.com Asia-Pacific Executive Search US GAAP Seminar Dates Following the first successful US Generally Accepted Accounting Principles (US Wednesday, 22 August 2007 GAAP) seminar last year, KPMG is organising a second run this year. 9.00 am to 5.30pm The457 words
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Advertisement21 2007-07-17 3 J^/V^Mi|^H Jf J$ DWCHLftOTH f CCNEVE ll jH^^Httk^^^l iißnf 9j J. ibB2/ .w»yHgr^H^^H M SB a m 711 •_av'A 2JV; RPI'iMHHiHH21 words
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SINGAPORE MARKETS
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Article, Illustration578 2007-07-17 4 R SIVANITHY - STOCKS Baker Technology leads Sesdaq index's 1.6% leap; blue chips down in line with HK/China plunge R SIVANITHY Senior Correspondent CLEARLY, many in the market are banking on momentum as the primary means of making money, though it's probably worth reminding oneself that theSource: Bloomberg - 578 words
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Article, Illustration906 2007-07-17 4 MATTHEW PHAN - Compiled by MATTHEW PHAN MAKING good progress with production expansion: We visited C&G's production plants in Xia-men-Longyan recently. The first plant, Longyan Chengguan Chemical Fibre Co, has three production lines capable of manufacturing 30,000 tonnes of differential PET chips per annum. The second plant, Longyan Chengguan Textile Co,Source: Bloomberg - 906 words
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Article, Illustration978 2007-07-17 4 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Unch Up Down Unch Multjjnd 11 2 5 0 0 0 11 2 5 Manufacturing 77 94 62 19 25 13 96 119 75 Commerce 29 34 19 12 7 6 41 41 25 Tpt/Stor/Comms 13 23 7 12978 words
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Article, Illustration533 2007-07-17 4 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent CARRY-OVER selling yesterday forced the US dollar to new lows in Asian trading, following Friday's ugly slide caused by breaking news of poor figures for US retail sales. Compared to forecasts of a 0.2 to 0.5 per centSource: Reuters - 533 words
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COMPANY NEWS
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Article, Illustration527 2007-07-17 5 VEN SREENIVASAN - It fills 82.4% of seats, 62.7% of cargo space By VEN SREENIVASAN SINGAPORE Airlines* (SIA) overall load factor rose to 70.2 per cent in June from 68.9 per cent a year earlier. It filled 82.4 per cent of its seats and527 words
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634 2007-07-17 5 LYNETTE KHOO - Analysts cite healthy rig orders, buoyant property market By LYNETTE KHOO KEPPEL Corp is likely to set a bullish tone for companies in the offshore and marine (O&M) industry when it unveils its second-quar-ter financial results on Thursday next week. This is thanks634 words
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409 2007-07-17 5 OH BOON PING - Proposal to dissolve compensation fund for derivatives market By OH BOON PING THE Singapore Exchange (SGX) is proposing to dissolve the compensation fund for the derivatives market, and has also issued a detailed paper for public consultation. In a statement yesterday, SGX409 words
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Article643 2007-07-17 5 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN he late American comedian Rodney Dangerfield often used a phrase which went, "I get no respect". Shareholders of UOB Kay Hian must have felt the same way until recently. Despite a bull run which has sent stockmarket643 words
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201 2007-07-17 6 Stock jumps 6.7% to $6.40 but ends the day at $6.15 Bloomberg SHARES of Neptune Orient Lines, the operator of Asia's fourth-largest container line, jumped to a record after Goldman Sachs Co raised its forecast for the stock price, saying global growthBloomberg - 201 words
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Article, Illustration497 2007-07-17 6 MICHELLE QUAH - Deal would raise each of their stakes in e-waste recyler to 42.8% By MICHELLE QUAH TYCOON Oei Hong Leong and Sesdaq-listed Equation Corp are sinking a further $16.1 million into e-waste recycler, Centillion Environment Recycling. They will do so by exercising an option497 words
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368 2007-07-17 6 Bloomberg [JAKARTA] United Fiber System Ltd, a Singa-pore-based forestry company, said a hedge fund affiliate of Morgan Stanley has agreed to buy US$2OO million of bonds and warrants, which will help the company build a pulp mill first planned in 2002. UnitedBloomberg - 368 words
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540 2007-07-17 7 CONRAD RAJ - It beats DBS Bank in Euromoney's Best Bank awards; Bank of America named best global bank By CONRAD RAJ CITIBANK is not only Asia's best bank, according to Euromoney. For the first time, it has been voted Singapore's best bank by the Lon-don-based magazine. The540 words
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176 2007-07-17 7 LABROY Marine has announced new contracts worth U5547.2 million. The two shipbuilding contracts, each worth U5523.6 million, were awarded by a German customer for two platform supply vessels. The ships are scheduled to be delivered in 2009. With the latest orders, Labroy said its176 words
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Article279 2007-07-17 7 Tan Chin Tuan estate distributes stake in CDL trust CDL Hospitality Trusts said that the estate of Tan Chin Tuan had distributed its 9.55 per cent stake in the trust to its beneficiaries, and has therefore ceased to be a substantial shareholder. EDMI H1 sales in 2007 to279 words
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Article, Illustration323 2007-07-17 7 ARUN JOHN - It will team up with Sinopec, Petrochina, Lucite for projects By ARUN JOHN ADVANCED Holdings, a local player in the rapidly expanding petrochemical and ethylene market, announced yesterday that it has secured three key contracts with a combined worth of $8.7 million. The contractsFILE PHOTO - 323 words
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307 2007-07-17 7 UMA SHANKARI - By UMA SHANKARI NOBEL Design Holdings yesterday said it will acquire another two properties at Jalan Lim Tai See in addition to a property it bought on the same street earlier this year. The three properties, which will give a combined land area307 words
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Page 7 Advertisements
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Advertisement71 2007-07-17 7 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 with71 words
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Advertisement10 2007-07-17 7 ill W> J9Eki3» ICt-P r. -V V I I a10 words
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Advertisement259 2007-07-17 7 Nrtf MM.-I Interest rate portfolio EURIBOR: Open for business in Asia EURIBOR Open for business in Asia Euronext.liffe has extended the trading hours of its To find out more: flagship contract the EURIBOR Futures Contract Singapore office: +65 6322 1410 into the Asian trading day. singapore@liffe.com Now, the trading hours259 words
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SINGAPORE NEWS
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308 2007-07-17 8 JANICE HENG - By JANICE HENG SALARIES in Singapore may be rising fast, but the increases are still sustainable, a top executive at global recruitment firm Kelly Services told BT. Said Dhirendra Shantilal, senior vice-president for Kelly Services Asia-Pa-cific: "They have not reached critical points as308 words
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379 2007-07-17 8 CHARMIAN KOK - HK managers take home US$203,947, the most in Asia: Hay Group study By CHARMIAN KOK SINGAPORE ranks ninth, behind Hong Kong and Thailand in a survey on the disposable incomes of top executives worldwide. Global management consultancy Hay Group, which did the379 words
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Article317 2007-07-17 8 Lee Ek Tieng made chairman of GIC Asset Management THE Government of Singapore Investment Corporation (GIC) has appointed Lee Ek Tieng as chairman of the Board of GIC Asset Management with immediate effect. Mr Lee's new role is on top of his current designation as GlC's317 words
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Article438 2007-07-17 8 CHUANG PECK MING - By CHUANG PECK MING Tighter penalties for loss of passports NEW powers will be vested on the Controller of Immigration to cancel a Singapore passport immediately once it is reported lost or stolen. The Passports (Amendment) Bill passed by Parliament yesterday sets out tighter measures and penalties that438 words
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Article, Illustration615 2007-07-17 8 ROLAND LIM - By ROLAND LIM SINGAPORE will be the regional headquarters for the as-yet-unnamed memory joint venture between chip giants STMicroelectronics (STMicro), Intel and private equity firm Francisco Partners. Speaking to BT in an interview yesterday, Brian Harrison, the vice-presi-dent and general615 words
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363 2007-07-17 8 RONNIE LIM - By RONNIE LIM NATURAL gas from a field off Borneo is expected to be sold to ExxonMobil in Singapore by Premier Oil, a UK oil and gas exploration company. While no details were disclosed, BT understands that the Indonesian gas is intended to fuel363 words
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341 2007-07-17 8 TEMASEK Foundation (TF) yesterday announced a collaboration with Nanyang Technological University (NTU) on the Temasek Foundation-NTU Leadership Enrichment and Regional Networking Programme (TF-NTU LEaRN Programme). The TF-NTU LEaRN Programme was launched with a fund of $980,000 from TF and offers 100 awards for341 words
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Article, Illustration577 2007-07-17 9 UMA SHANKARI - Developers say competition for retailers or shoppers will be minimal By UMA SHANKARI RETAILERS who take up space in Orchard Road's two new malls slated to open in 2008 can expect to pay as much as $60 per sq ft577 words
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Article159 2007-07-17 9 LAGUNA Park HUDC estate has been fully privatised, the Housing and Development Board (HDB) said yesterday. This paves the way for a collective sale, so owners can tap the much-improved market.The lease-hold estate comprises 516 apartments and 12 shops at Block 500 A to 500G Marine Parade159 words
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224 2007-07-17 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI A SHOPPER study by The Nielsen Company has identified four different "modes" that customers experience when grocery shopping, making it easier for marketers to know just what buttons to press. According to the study, shoppers are in different modes depending on224 words
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320 2007-07-17 9 WEE LI-EN - By WEE LI-EN MORE uncertainty looms 'over Hotel Property's (HPL) $500 million purchase of Horizon Towers. The minority owners of the condominium applied to the High Court last week for leave to apply for judicial review of the Strata Titles Board's (STB) decision320 words
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SME spotlight
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Article, Illustration1120 2007-07-17 10 PAMELA CHEW - Plastics firm Racer Technology has proven to have the right formula for sustainable success in today's business technology industry, writes PAMELA CHEW PAMELA CHEW PLASTICS company Racer Technology specialises in making small runs of precision components at its factories in Singapore, Indonesia, Malaysia andYEN MENG JIIN - 1,120 words
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Article, Illustration833 2007-07-17 11 JANICE HENG - Its creators are banking on the Internet to take it global, reports JANICE HENG JANICE HENG EING small does not mean being insignificant espeJjs cially in consumer electron*cs' w^ere sma U is often superior. Cyberlnc Pte Ltd, W headed by brothers Ng Kai Kong andYEN MENG JIIN - 833 words
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962 2007-07-17 12 CHARMIAN KOK - SMALL CAPS Construction firm to expand further into development with strong demand, writes CHARMIAN KOK CHARMIAN KOK Properties and construction are some of Singapore's hottest buzzwords right now, which is just fine for Hor Kew Corporation. The construction company which has also962 words
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Article388 2007-07-17 12 TEH HOOI LING - By TEH HOOI LING OUR small-cap portfolio put up another solid performance in the five trading sessions to yesterday, advancing by 3.5 per cent. Leading the portfolio's charge was Sitra, a distributor of wood-based products and furniture. The counter surged 52 per cent to 95 cents388 words
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Advertisement251 2007-07-17 10 ST "1 v ,--T f ss..,. ..'ZI j j H f rrX H* 1 1 H I f 1 11'[ July Tuesday Time am pm Venue Suntec Convention Centre, Ballrooms Business, today, is undergoing faster end more profound change than ever before. Bueinees leaders, who seize the opportunities these changes251 words
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Advertisement726 2007-07-17 10 >AT^ NOTICFS 1 1 1 JL Toll free: 1800-289-8822 Email: notices@sph.com.sg *ARIANECORP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4341 D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ArianeCorp Limited (the "Company*) will be held at Connaught Room, Carlton726 words
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Advertisement368 2007-07-17 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MASTER GROUP SINGAPORE PTE. LTD. (PROVISIONAL LIQUIDATORS APPOINTED) (Company No: *****0919N) jiwTwiwrjr i/vaaranon oy directors of Company'l inability to continue business by reason of its liabilities Name of Company MASTER GROUP SINGAPORE PTE. LTD. Company No368 words
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Advertisement118 2007-07-17 11 THE OLDEST CHINESE RESTAURANT IN SINGAPORE! 78 th ANNIVERSARY SPECIAL J *»--z*mt*s— nr Our qualified professionals A J can assist you with ofhhom structures, shatf companies Mhll and incorporations in ALL iQIR jurisdictions including: Of British Virgin Islands Cayman Islands Z> Bahamas I a Seychelles Hongkong Samoa Full nominee, management,118 words
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Advertisement157 2007-07-17 12 Enjoy BBQ suckling pig and sauteed king prawns. You keep coming back for more! In the month of July Adults S2B.Bo++; Children Minimum of two people to dine in. Dinner: Daily Lunch: Weekends Public Holidays Captain's Table. Diners Glub Card To appJm call 641 (y 0980 I A World of157 words
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ECONOMY WATCH
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Article, Illustration633 2007-07-17 13 Some in UK, Mexico, S. Africa and Chile have started lifting borrowing costs Bloomberg [WASHINGTON] Rising prices for food, from yogurt in the US to steak in South Africa, are causing heartburn at the world's most powerful central banks. The fastest increase inBloomberg; AP - 633 words
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497 2007-07-17 13 Bloomberg [BRUSSELS] South Korea and the European Union aim to move closer this week to a free trade agreement (FTA) that would strengthen their 61 billion euro (*****.4 billion) relationship while creating jobs and fuelling economic growth. The EU wants greater accessBloomberg - 497 words
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Article, Illustration254 2007-07-17 13 Bloomberg [BEIJING] The yuan rose on speculation that China's central bank will seek a stronger currency to help keep the record trade surplus from causing economic growth to accelerate. Foreign exchange reserves are at an all-time high of US$l.33 trillion, reflecting sales of yuanBloomberg; AFP - 254 words
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419 2007-07-17 13 AFP [BANGKOK] Thailand yesterday ruled out returning to a fixed exchange rate to stop the baht against the US dollar but said the government was trying to stabilise the currency. "The current, flexible man-aged-float system is able to manage the risks.AFP - 419 words
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386 2007-07-17 13 AP [KUALA LUMPUR] New Zealand's prime minister yesterday called for free trade talks with Malaysia to speed up after two years of negotiations, and requested for a ban on meat imports to be lifted. Prime Minister Helen Clark saidAP - 386 words
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Advertisement1323 2007-07-17 13 ACE DYNAMICS LIMITED (Incorporated in the Republic ot Singapore) (Company Registration No. *****0172G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ace Dynamics Limited (the "Company") will be held at 1 Shipyard Road, Singapore *****8 on Wednesday, 8 August 2007 at 10.30 a.m.1,323 words
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MALAYSIA/INDONESIA
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318 2007-07-17 14 Funds from sale of stakes in Mandiri and Rakyat will be used to plug deficit Bloomberg [JAKARTA] Indonesia plans to sell part of its stakes in Bank Mandiri and Bank Rakyat Indonesia as early as 2009, raising funds to finance aBloomberg - 318 words
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Article173 2007-07-17 14 AFP [JAKARTA] Rain has cleared a haze that has caused flight delays on the Indonesian portion of Borneo in recent days, an official said yesterday. Pontianak, the tapital of West Kalimantan province, had been shrouded in haze from land-clearing fires that herald the start ofAFP - 173 words
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224 2007-07-17 14 Bloomberg [JAKARTA] Mitsubishi Corp, Japan's largest trading company, has won a US$45O million contract to more than double the capacity of several units in a power plant in Jakarta, an official of Indonesia's state utility said. PT Perusahaan Listrik Negara signed an agreement withBloomberg - 224 words
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Article2462 2007-07-17 14 VOL Jul 16 RM (000) ASM Realty 3.12 -0.02 6 Abric Bhd 0.38 0.03 2725 Advance Synergy 0.35 unch 730 Adventa Bhd 1.74 -0.03 626 Ae Multi Hldgs 0.32 unch 129 Affin Holdings 2.52 -0.02 2475 Ahmad Zaki Resou 3.92 -0.06 103 AicCorp 0.58 -0.03 23 Airasia Bhd2,462 words
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Article, Illustration218 2007-07-17 14 Xinhua [JAKARTA] Over 10,000 workers of Indonesian shoe companies staged a rally in the capital of Jakarta yesterday, protesting the cutting off of orders from US-based footwear company Nike Inc, to their companies. The protesters gathered outside the Stock Exchange Building in downtown and demanded resumingXinhua; REUTERS - 218 words
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404 2007-07-17 14 [KUALA LUMPUR] Time Dot Com Bhd expects three consecutive years of double digit growth in revenue, helped by new offerings and a growing retail business, Malaysia's Business Times reported. The state-owned communications company, which has allocated some RMISO million (Ss66 million) to upgrade its network404 words
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Article, Illustration526 2007-07-17 14 [KUALA LUMPUR] Sunway City Bhd (Sun City) can look forward to a sterling performance these two to three years with the line up of more exciting projects in the Klang Valley, the launch of its maiden residential development in India and strongBLOOMBERG - 526 words
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GREATER CHINA/INDIA
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215 2007-07-17 15 US$300m deal gives it a boost in data service market Bloomberg [MUMBAI] Reliance Communications Ltd, India's second-largest wireless company, purchased all of US-based Yipes Communications Inc for about US$3OO million, deepening its presence in the enterprise data services business. The 100 per cent stake was boughtBloomberg - 215 words
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Article, Illustration620 2007-07-17 15 JANE MOIR - Forecast of falling growth rate, ageing problems set to shake up govt's planning agenda By JANE MOIR in Hong Kong HONG KONG's population is set to grow at less than one per cent over the next 30 years, fuelling criticism of the city'sAFP - 620 words
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121 2007-07-17 15 AFP [MUMBAI] Bajaj Auto, India's second largest motorcycle manufacturer, is looking at forging a partnership with or buying Italy's Ducati or Britain's Triumph, both iconic marques, a report said yesterday. Bajaj Auto has been on the lookout for an appropriate acquisition or an allianceAFP - 121 words
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302 2007-07-17 15 AP [SRIPERUMBUDUR, India] Cheap, fuel-efficient and versatile, compact hatchbacks are by far the most popular vehicles in India's rapidly growing car market. And as global carmakers rush into the country to set up plants to make similar small cars, both establishedAP - 302 words
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200 2007-07-17 15 AFP [SHANGHAI] China's Bank of Nanjing and Bank of Ningbo, the first in a group of smaller lenders to list on the domestic stock market, yesterday announced share offer prices at the high end of expectations. Bank of Nanjing will sell itsAFP - 200 words
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577 2007-07-17 15 210,000 millionaires control US$585b of the island's wealth Bloomberg [TAIPEI] ÜBS AG and Citigroup Inc said they are hiring more private bankers to serve Taiwan, where the richest citizens hold more wealth than in any Asian country except China and Japan.Bloomberg - 577 words
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Advertisement274 2007-07-17 15 CATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MASTER GROUP SINGAPORE PTE. LTD. (PROVISIONAL LIQUIDATOR APPOINTED) (Company No. *****0919N) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Chapter 50 a meeting of274 words
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Advertisement448 2007-07-17 15 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF CEMENT BULK TERMINAL PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****5563 C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting448 words
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Advertisement243 2007-07-17 15 THE COMPANIES ACT, CAP. SO WCE PTE. LIMITED (CO. REGN. NO: *****0618E) (In Mamtere' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company held on the 11 th day of July 2007 the following Special Resolution was duly passed WINDING UP THAT the Company be wound up voluntarily243 words
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MIDDLE EAST
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486 2007-07-17 16 International Bank offers to buy 55% stake it is holding with partners Bloomb erg [DOHA] International Bank of Qatar has offered to buy Ahli United Bank, Bahrain's largest publicly traded lender, an Ahli investor said. The transaction may be worth asBloomb erg - 486 words
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282 2007-07-17 16 It wants Jakarta to ratify pact so it can continue funding Xin hua [JAKARTA] Qatar has asked Indonesia to ratify a tax treaty so it can continue contributing to &US$l billion infrastructure development fund it committed to Indonesia last year, local pressXin hua - 282 words
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Article8678 2007-07-17 16 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty'** 1163/ Star Europe Bond 1 181/ Star Europe Bal 1 294/ Sta-1 sian Tiger Eqty 164/ Star Asia Bond 1 305/ Star Asia Balanced 1 142/ Star Global Technology Fund 1 0 241/ Multi St Fd 1 002/ Star8,678 words
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Page 16 Advertisements
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Advertisement77 2007-07-17 16 Allianz Global Investors one of the world's largest aśet managers with more than US$1.2 trillion assets under management as at 31 December 2006. SEARCH WORLDWIDE To avoid having all your eggs in the wrong basket at the wrong time, every investor should diversify. Tell us about your "Best Investment Experience77 words
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ASIA PACIFIC/WORLD
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622 2007-07-17 17 It offers 38.40 euros a share for the biggest Dutch lender and raises cash level Bloomberg [LONDON] Royal Bank of Scotland Group (RBS) yesterday sweetened its 71.1 billion euro (*****.5 billion) offer for ABN Amro Holding. The RBS-led consortium has increased theBloomberg - 622 words
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Article, Illustration350 2007-07-17 17 LATWP [HOLLYWOOD] The Harry Potter movie series keeps working box-office magic for Warner Bros thanks not to sorcery but to a loyal fan base and careful, consistent management of the franchise. Harry Potter and the Order of the Phoenix got offLATWP - 350 words
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302 2007-07-17 17 AFP [SEOUL] South Korean tax authorities have sent bills totalling tens of millions of dollars to a US and a British financial group over the sale of a local bank, a newspaper said yesterday. Tax officials are seeking up to 20 billion won (5532.4 million)AFP - 302 words
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Article, Illustration231 2007-07-17 17 Bloomberg [TOKYO] Tokyo Electric Power Co, Asia's biggest power producer, said it shut three nuclear reactors at its Kashiwazaki-Kariwa plant in Niigata after an earthquake. The generators stopped operating automatically and there is no "critical" situation, the company's spokesman said. ABloomberg; AFP - 231 words
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237 2007-07-17 17 Obama has US$34m for primaries while Clinton has US$33m Bloomberg [WASHINGTON] Democrats Barack Obama and Hillary Clinton both have record amounts of cash to spend on their campaigns six months before the first presidential primaries, dwarfing their rivals from both parties.Bloomberg - 237 words
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468 2007-07-17 17 Bloomb erg [LONDON] Oil rose to US$7B a barrel yesterday, driven towards an all-time high by an influx of speculative fund money and tightening crude supplies from the North Sea. London Brent climbed to a fresh 11-month high of U5578.40 in earlierBloomb erg - 468 words
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548 2007-07-17 17 AFP [DHAKA] Bangladesh yesterday moved against the leaders of its two main political parties, both former prime ministers, as it intensified efforts to clean up the nation's famously corrupt politics. In a dawn raid, hundreds of police and special forces swooped onAFP - 548 words
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AVIATION
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Article, Illustration480 2007-07-17 18 Joint management set-up cited as a major reason for Airbus's troubles AP [TOULOUSE] EADS, the parent of troubled planemaker Airbus, is abandoning its twin-chief executive structure, co-CEO Tom Enders said yesterday, with France's Louis Gallois taking the company's reins. "We need to be aAP; AFP - 480 words
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383 2007-07-17 18 Bloomberg [KARACHI] Pakistan International Airlines plans to raise 26.5 billion rupees (***** million) in its biggest bond sale to cut borrowing costs and upgrade its maintenance and training facilities. "We have a very unhealthy balance sheet, which is in a serious stateBloomberg - 383 words
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182 2007-07-17 18 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Brazilian planemaker Embraer's sec-ond-quarter 2007 firm orders for commercial and executive aviation and defence and government projects increased by US$6OO million, boosting the company's total orderbook to a record US$l5.6 billion. Q2 deliveries comprised 36 jets, including182 words
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Article2362 2007-07-17 18 CITY FLIGHT ETA FLIGHT ETD NW EK344 8045 EK344 0200 SQ491 0730 EK405 0210 MMk LH9771 1750 9W40S2 2230 EK404 1405 KK433 0300 SQ268 1750 AF8088 2230 «34g 1650 SQ494 1515 9W4081 1820 BA7382 2230 UL2J48 1650 EK352 2225 AF8087 1820 QF82 2230 I ««2 20052,362 words
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213 2007-07-17 18 They will offer 3.81b euros, trumping TPG-BA's 3.4b euros AFP [MADRID] Investment fund Apax and Air France, allied with Spanish investors, are preparing a bid for Spanish carrier Iberia, the newspaper elEconomista reported yesterday. The paper, citing sources close to the matter,AFP - 213 words
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232 2007-07-17 18 Bloomberg [SINGAPORE] Passengers on a flight to Melbourne from Bangkok are being vaccinated against polio after doctors detected the pa-ralysis-causing virus in one of the travellers. A 22-year-old student was diagnosed with the disease shortly after returning to Melbourne on a July 2 ThaiBloomberg - 232 words
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Page 18 Advertisements
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Advertisement157 2007-07-17 18 BT/ZUJI Deals of the Week ■■■■iHIIH mm Take a well-deserved break. Slumber in style with 28 r 000 hotels. Book business class tickets from July 17-19 and we'li reward you $40 off your hotel stay by July 20. DESTINATIONS BUSINESS PASS from S) ECONOMY CLASS (from HOTRflromS) WEATHER Bangkok $619157 words
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Page 18 Miscellaneous
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Miscellaneous201 2007-07-17 18 CRYPTIC CROSSWORD 28 Conceals mysteries around g Good t r th (7) YESTERDAY'S SOLUTION end of code (8) nt z 29 Pardon girl taking refuge (7) 11 'aS Ceir COU Across: 1 Homo sapiens. 9 Resur(9) gent, 10 Amour, 11 Eureka, 12 At DOWN 14 Normal guy's taking one a201 words
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SHIPPING
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Article, Illustration562 2007-07-17 19 DONALD URQUHART - China shippers' rush to beat expiry of tax rebate on export items lead to boost By DONALD URQUHART [SINGAPORE] Asian container ports experienced a cargo bonanza in the first half this year as shippers in China rushed to beat the endBLOOMBERG - 562 words
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Article, Illustration385 2007-07-17 19 AP [HAGATNA, Guam] After towering waves from Typhoon Man-yi sank his ship, captain Zhong Jian Lin grabbed the hand of a weak sailor and held on for his life for nearly three days. Mr Lin and 12 others were rescued byAP - 385 words
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163 2007-07-17 19 Reuters [MADRID] A sunken ship leaking fuel and oil into the sea near an Ibiza nature reserve would be sealed yesterday, a Spanish government minister said. Clean-up crews have been at work since last week when the merchant ship Don Pedro sank off theReuters - 163 words
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288 2007-07-17 19 Bloomberg [BEIJING] China Cosco Holdings Co and China Shipping Container Lines Co led declines among Asian container shipping lines after Goldman Sachs Group Inc cut ratings in the sector, saying that stock prices exceeded earnings expectations. Shares of China Cosco, Asia's largest containerBloomberg - 288 words
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328 2007-07-17 19 Improvement due to cooperation of littoral states Xinhua [KUALA LUMPUR] The Malacca Strait recorded zero incidents of pirate attacks on ships in the second quarter of 2007 compared with three attacks in the same time last year, local media reported yesterday. The improvementXinhua - 328 words
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Article94 2007-07-17 19 Bloomberg [MUSCAT, Oman] Port Services Corp, the operator of Oman's largest sea port, won government approval to manage the port of Khasab in Musandam. The Omani company will create a new venture with Germany's IQ Martrade to manage the port in Musandam governorate on aBloomberg - 94 words
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Article278 2007-07-17 19 SGX *000 M16 a 4 w CH Offshore —0.89 -0.01 3375 Chuan Hup Hldgs 0.45 unch 4486 CoscoCorp 4.86 -0.04 6514 CWTLtd 1.03 -0.02 993 Ezra Hldgi .6.25 -0.25 214 First Ship Lease .0.99 unch 546 Freight Links 0.15 unch 8265 Grand Banks 1.16 0.02 113 Java Hold278 words
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Page 19 Advertisements
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Advertisement26 2007-07-17 19 Ifo &Ik Lianhe Zaobao I Taiwan plans to I MB® I foreign I talent I immigration I rules I from S'porea Japan I MMIBWMHI I ftWffttllßVTiSfraA*26 words
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EDITORIAL & OPINION
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490 2007-07-17 20 EDITORIAL AGAINST the backdrop of the mess and the bloodshed in Iraq and the growing American public and Congressional opposition to the US occupation of that country, the conventional wisdom is that most of the US troops will start withdrawing from Iraq in the490 words
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Article, Illustration1139 2007-07-17 20 TIGER TONG - China needs to review its foreign trade policy to keep a lid on its soaring forex reserves growth BY TIGER TONG CHINA'S government is famous for maintaining a good balance between its free market economy and administrative controls. But now,REUTERS - 1,139 words
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Article, Illustration789 2007-07-17 20 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR Bloomberg ONE of the blessings, or curses, of long international flights is the opportunity to catch movies you ordinarily might avoid. Japan's comedy Bubble Fiction is a case in point. It's the tale of a womanBloomberg - 789 words
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Article, Illustration1664 2007-07-17 21 IFTHKHAR LODHI - The government has faced criticism in the manner it handled the situation since the beginning in January 2007 BY IFTHKHAR LODHI AFTER a six-month standoff, Pakistani i forces finally seized Jf the Lai Masjid (Red jgt Mosque) complex in 0mm Islamabad last week. ll| A day-longAFP - 1,664 words
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Article841 2007-07-17 21 TAHANI KARRAR - Many British luxury goods firms are shifting production to cheaper factories in Eastern Europe and Asia BY TAHANI KARRAR Reuters 8 k OWN a winding English lane, c straight out of the backdrop of a telet vision period drama, is a factory that is asReuters - 841 words
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204 2007-07-17 21 Kevin Liao - LETTER TO THE EDITOR Kevin Liao Executive Director and Executive Vice-President Financial One Corp WE refer to the article, "Be more forthcoming on detailed use of IPO funds" (BT, July 16). In the article, it was mentioned that Financial One "gave a detailed breakdown of204 words
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Article12478 2007-07-17 22 SGX MAIN BOARD Transaction date: Jul 16 52-wks Tel last Vol Day Last Quote Div CrYld Net M Cap High Low Code Company Sale W- 000) High Low B uyer Seller C'vr P/I Smil 3 5 2 5716 1st Software 2 susp iq 22 6 3148 8Telecom 2112,478 words
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Article5542 2007-07-17 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local tun In S$ In IKS dy yr dy yr dy %yr Jul H Inden Chang* Change Change Change Change Change The World Index Preliminary 1205.0 0.4 9.5 0.4 10.1 0.4 11.4 i £AfE Preliminary 1211.4 0.6 9 4 0.7 11.2 0.75,542 words
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Page 23 Advertisements
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Page 24 Advertisements
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Advertisement1239 2007-07-17 24 Destination Destination STXPOTBN RDM/ATW/UK/NAN PACIFIC PIONEER CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN 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 Tramping for bulk, breakbulk, mineral ores,1,239 words
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Advertisement809 2007-07-17 24 pi DONGNAMA LINE CONTAINERISED SBRVICB VESSEL (EVERY SUN) VOY SGP HKG (HTT) TKY YOK KOOE MM FORTUNE ***** 22/07 26/07 30/07 31/07 02/01 MOL GLORY ***** 29/07 02/01 06/01 07/01 09/01 VESSEL (EVERY SAT) VOY SGP HKG PUS INC TAO SINARSUNOA 293N 21/07 2S/07 29/07 31/07 02/01 STX SINGAPORE 7ION809 words
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Advertisement418 2007-07-17 24 mXW WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOY RAMP HBCHT SIM IK MAO SAV BAI OBF TAMERLANE AF722 3201 MS 6.4 M 21/07 21/01 29/08 03/09 08/09 06/09 TAMO AF723 4201 ms 6.4 M 09/01 OMIT 09/09 13/09 11/09 16/09 |TAUSMAN AF725 3201 MS 6.4 M 21/01 OMIT 27/09 01/10418 words
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THE BUSINESS TIMES SHIPPING TIMES
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5136 2007-07-17 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirate; 24/07 04/08 SCI EMIRATES WASl 728W *****355 31/07 11/08 SCI EMIRATES MARINA 729W *****355 To ADELAIDE (ADL) 2007 Australia 29/07 17/08 China Shpg5,136 words
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Page 25 Advertisements
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Advertisement862 2007-07-17 25 IViSSII VOY PKL I SIN I KHI DXB BAB PMM BIK KHO IRAN BAABAEI PCLB2O7 23/07 24/07 02/08 05/08 06/08 12/08 14/08 16/08 IRAN SATTARI PCLB2OB 01/08 02/08 11/08 14/08 13/08 21/08 23/08 25/08 IRAN TABATABAEI PCLB2O9 07/08 08/08 17/08 20/08 21/08 27/08 29/08 31/08 VESSEL VOY SIN NHS BHD862 words
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Advertisement62 2007-07-17 25 MARIANA EXPRESS LINE VESS& VOV {SM Ntt W MBQt MYK FHOCYON "oToT 01/07 05/07 18/07 OOCL KAOHSIUNG 014E 08/07 12/07 24/07 25/07 OOU VANCOUVER 016E 15/07 19/07 01/08 OOCL DUBAI QUE 22/07 26/07 07/08 08/08 OOCL ANTWERP 013E 29/07 02/08 15/08 ALSO ACCEPTIM6 LCL CARGOES Garni AfMrt; ALLIANCE SHIP AGENCY62 words
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Advertisement660 2007-07-17 25 \m a®as& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vcssti I voy I si* mm* (oiomio n. sum Colombo rnmni mutt am an an u siml_ Hsasiim mn hju hm am suns qs«k HOIAWMfItA YTWIO9 02 AUG I OMIT I OMIT I IQAUG 14660 words
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PROPERTY
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Article, Illustration677 2007-07-17 27 It may become home to 12m sq ft of skyscrapers, parks and a cultural centre [NEW YORK] Manhattan's West Side rail yards are being offered to developers under a city and state plan to turn the 26-acre parcel into an office andBLOOMBERG - 677 words
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172 2007-07-17 27 Bloomberg [LONDON] The asset management unit of CB Richard Ellis Group, the world's largest real estate consultant, raised 542 million euros (Ssl.l billion) for a fund that invests in property funds focused on mainland Europe. CBRE Investors' Alpha Fund will invest inBloomberg - 172 words
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Article, Illustration289 2007-07-17 28 UMA SHANKARI - Freehold site expected to fetch around $205 m By UMA SHANKARI TAN Tong Meng Tower, a freehold residential site along Thomson Road, is seeking expressions of interest for a collective sale. CB Richard Ellis (CBRE), which is marketing the project, expects the289 words
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228 2007-07-17 28 SC Global will price penthouses at $5,000 per sq ft Bloomberg [SINGAPORE] SC Global Development Ltd, which sold homes at its The Marq apartment project at a record price last month, said foreigners made up about 60 percent of the buyers. SG GlobalBloomberg - 228 words
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Article, Illustration533 2007-07-17 29 ARTHUR SIM - But overall take-up down 20 per cent year-on-year By ARTHUR SIM GRADE A office rents in Hong Kong's Central district have hit a record high, averaging HK$92 per square foot (5517.80 psf), but overall take-up has fallen 20 per cent fromREUTERS - 533 words
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186 2007-07-17 29 Bloomberg [HONG KONG] Sino Land Co and South China Holdings Ltd are considering selling their jointly owned Centrium office building, home of nightclub Dragon-I, in Hong Kong's Central business district. The companies received "several offers from real estate brokers representing different clients"Bloomberg - 186 words
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Article, Illustration460 2007-07-17 30 KALPANA RASHIWALA - By KALPANA RASHIWALA TWO new projects have been put on the market Bnapier on the former Eng Lok Mansion site near Botanic Gardens, and The Rochester in the one-north precinct. Prices at the 46-unit Bnapier range from $4,000 to $4,500 per sq460 words
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Article, Illustration412 2007-07-17 30 This would indicate level of speculative activity, says Colliers International By KALPANA RASHIWALA COLLIERS International has suggested that the authorities track multiple-unit purchases of private residential properties, which could be used to show the level of speculative activity. Individuals who own several properties may412 words
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Page 27 Advertisements
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Advertisement177 2007-07-17 27 HHHIHH 'ate Raffles Girls' 7W Aj/ Sec Sch Shangri-La J J Hotel VSv// Land area 17,974 sf, Freehold GPR 2.8, up to 36 storeys Wry J The /s/ The Arc at TheHabrtan /J Potential for 20 units x 2,400 sf TheTate /W yA site^^R^ences Regular-shaped plot I A®/ Aniertcan Orchard177 words
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Advertisement421 2007-07-17 27 r *2-20 JALAN LEMPENG (CLEMENTI AVE 6/AYE) EXTREMELY LARGE LAND SIZE 633,638 SQ FT PLOT RATIO 2.1 ;SS§B (99 YEARS LEASEHOLD) I WALKING distance to CLEMENTI MRT j NEW CLEMENTI HUB, bus interchange EOI Closing s3l July 2007 (4.00 pm) OPPOSITE NAN HUA PRI For further enquiries, please contact: (SAP)421 words
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Page 28 Advertisements
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Advertisement187 2007-07-17 28 8 River Valley Close 128,300 sq ft of Prime Freehold JH||H 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) i* ii«'r. A J Vv l, i s| Collective Sale of Pacific Mansions O Park The UJ Hotel187 words
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Advertisement279 2007-07-17 28 Ford Avenue Just Soldi SI3M Astrid Hill 23,200 sqf $18.xM Bukrt Tunggal Rd 20,300 sqf $17jcM Cornwall Gdn (New) 20,000 sqf $20.xM Cornwall Gdn 15,700 sqf $12.xM Cluny Hill 15,900 sqf $18.xM East Sussex Lane 37,000 sqf $18.xM Gallop Park Road 14,800 sqf $12.xM Gallop Road 15,800 sqf $16.xM King279 words
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Page 29 Advertisements
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Advertisement207 2007-07-17 29 For Sale by Tender Prime Residential Redevelopment Site at Dist 09 Scotts Square if Wheelock The Orchard ac Place Residences /^-Orchard.,rChard MRT NgeeAnn ~o d d City Somerset D PI/ MRT 3 Road S I ■SZ n <z? <2- \To Orchard > v V Rd To CBD D R wer207 words
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Advertisement181 2007-07-17 29 LUXURIOUS DEVELOPMENT SITE FOR SALE BY EXPRESSION OF INTEREST r~| •65 Lloyd Road, A Meng Garden Apartments Large site area approx 35,600 sq ft Plot Ratio 2.8 f Quiet locality off Killiney Road A Walking distance to Somerset MRT station and Orchard Road HH shopping belt Vibrant neighbourhood Potential to181 words
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Advertisement16 2007-07-17 30 HhHBH lis, f 'v Mg»lf M r'Mff M*-n /W- H i*cm*i mi M ,i,, visual B^^^S^^^^B^y^|i«|ii^ymmMPHgiPMiS16 words
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Advertisement105 2007-07-17 30 1. Single-storey detached near Siglap Post Office. Good address Original condition. Land area: 5,2005f 2. 2 storey semi-detached off Binjai Park. Additions and alterations in 2001. Land area 3,0005f Built-in area 3,5005f Tenure: Freehold n 17" fnrTTifmrtitfnni 79 I ~r— I For tender documents and conditions of sale contact: H105 words
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