The Business Times, 29 March 2008

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Total Pages: 20
1 20 The Business Times
  • 22 1 The Business Times weekend SINGAPORE 85 cents 9 g 9 A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007
    22 words
  • 991 1  -  UMA SHANKARI Rules vastly reducing carpark lots in new office buildings and malls are poised to bite [SINGAPORE] New office buildings and shopping malls coming up in the central areas of Singapore especially in new downtown Marina Bay are likely to feel
    991 words
  • 678 1  -  MICHELLE QUAH Cash dividend of $0.60 a share will give it a windfall of at leasts 167 m [SINGAPORE] The Straits Trading Company the subject of a takeover bid has declared a special cash dividend of $0.60 a share, following a
    678 words
  • Page 1 Advertisements
    • 2 1 8 *****l"*****4'
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  • Page 1 Miscellaneous
    • 52 1 FOOD MOTORING RAFFLES VW^ Offshore dining Saab CONVERSATION V xl^J^ J^r atSentosa "V*S^ P^ on ice In defence of Sarbanes-Oxley fe PAGE 20 PAGE 15 PAGE 3 E J .ZZZ___^^M 7_^_^!^3 3^__^Z i 1 '«_-_t__-_______ -^M^^prr Vk_______________________l____b %___________mk__________m \id___mJ___ JL Glitches, flight cancellations hit W^ Heathrow's new Terminal 5 PAGE
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  • TOP STORIES
    • 797 2  -  CHEN HUIFEN Billion-dollar push will spur innovation and bridge the business gap By [SINGAPORE] The human capital to match its research ambitions is slowly falling in place. And now, Singapore wants to invest in growing innovation and enterprise as part of
      797 words
    • 657 2 AP, Reuters [LONDON] Opening day at Heathrow Airport's grand new Terminal 5 turned sour as severe baggagehandling delays led to numerous flight cancellations, stranding many irate passengers. Day 2 brought more of the same. After cancelling 34 flights on the first day
      AP, Reuters; AP  -  657 words
    • THREE-MINUTE DIGEST
      • 64 2 OLAM International is raising up to about $307 million through a preferential offer of new shares. It involves the offer of 155.6 million new shares at an issue price of $1.97 each on the basis of one new share for 10
        64 words
      • 65 2 DISPLAYING resilience in a volatile market, Singapore's investment banking fees for the first quarter this year rose 39 per cent year on year to U*****.6 million, the highest firstquarter fee volume on record. This is despite a fall in the total number of deals
        65 words
      • 42 2 TICKETING company Sistic will be privatised and sold through a bidding process. The Singapore Sports Council owns 65 per cent of Sistic. The Esplanade Co owns the rest. SINGAPORE NEWS, PAGE 8
        42 words
      • 67 2 THE Supreme Council of the United Malays National Organisation yesterday backed away from a confrontation with Malaysia's King over the appointment of a chief minister in Terengganu state. And the council bowed to the wishes of the party faithful by agreeing to
        67 words
      • 52 2 CHINA has a good chance of enjoying its sixth straight year of double-digit growth in 2008 despite the long shadows cast by the global credit crunch, a quarterly Reuters poll shows. However, inflation will reach its highest level in 12 years. GREATER CHINA,
        52 words
      • 69 2 WHEN stocks in three big Chinese companies sank below their IPO prices this week, investors who bought shares in last year's offers suffered. After spectacular growth last year, when mainland China eclipsed the US as the world's biggest market for initial public offers
        69 words
      • 55 2 INDIA'S inflation accelerated to a 13-month high, constraining the central bank's ability to cut interest rates to arrest an economic slowdown. Wholesale prices rose 6.68 per cent in the week ended March 15 from a year earlier, faster than the previous week's 5.92
        55 words
      • 55 2 THE US Commerce Department said consumer spending edged up by just 0.1 per cent last month, the poorest showing since September 2006. And a Reuters-University of Michigan survey of consumers said its final index of confidence fell to 69.5 in March its lowest since
        55 words
      • 71 2 DEMOCRAT Senator Barack Obama says the government must overhaul the rules governing banks and other financial institutions in the wake of a collapse in the US sub-prime mortgage market. Saying the nation has lost a "sense of snared prosperity", the presidential candidate
        71 words
    • 668 2  -  CHOW PENN NEE [SINGAPORE] Despite a volatile year for banks, David Conner, chief executive of OCBC Bank, received between $6 million and $6.25 million last year, an increase of at least $1 million from 2006. This was revealed in
      668 words
    • MARKETS DIGEST
      • 29 2 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.622 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 5.25 CANADA 5.25 SWITZERLAND 4.21 INDIA 12.25 Source: Bloomberg
        Bloomberg  -  29 words
      • 45 2 :ri iam I COMP 1,258.41 +4.38 IIKKEI 225 12,820.47 +215.89 IANG SENG 23,285.95 +621.73 ;et INDEX 825.17 +2.21 IAKARTACOMP 2,477.59 +26.24 1ANILA COMP 2,956.02 +30.11 ;eoulcomp 1,701.83 +25.59 ;henzhenb 567.30 +24.10 IUMBAI IND 16,371.29 +355.73 12NOON EDT Change 12,346.58 +44.12 IOW IASDAQ 2,293.68 +12.85
        45 words
      • 38 2 IS$ (S$ per US$) 1.382 (US$/S$ per 1.997 2.75: ;URO(USS/S$/E) 1.577 2.17; 'EN 100.0 72.4I 3.197 2.31 IK$ 7.782 5.63 !AHT 31.51 22.81 lUPIAH 9,204 6,662 1ENMINBI 7.013 5.07I INDIAN RUPEE 39.95 28.91 1.088 0.78' 1.246 0.902
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  • THE RAFFLES CONVERSATION
    • 2447 3 Paul Sarbanes, co-author of the ground-breaking securities law which bears his name, tells WONG WEI KONG why corporate America is far better off with it FEW political careers can count the removal of the US President and the passing of one of the most important securities
      JOHN HENG  -  2,447 words
    • 98 3 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury 7_r i tj hotels that distinguishes itself through the
      98 words

  • COMPANY NEWS
    • 355 4  -  EMILYN YAP CASH CALLS Funds will be used for financing investments, JVs and M&As, among others OLAM International is raising up to about $307 million through a preferential offer of new shares. The supply chain manager of agricultural products and food
      : Bloomberg  -  355 words
    • 374 4 OSIM International is proposing a renounceable non-underwritten rights issue of warrants to raise net proceeds of about $12 million. The healthy-lifestyle products group said yesterday it plans to issue up to 136.6 million warrants priced at 9 cents each. Each warrant carries the right to
      374 words
    • 789 4  -  LYNETTE KHOO They jump 39% despite a sharp drop in number of deals By DISPLAYING resilience in a volatile market, Singapore's investment banking fees for the first quarter this year rose 39 per cent year on year to U*****.6 million, the highest firstquarter fee
      789 words
    • 487 4  -  SAMUEL EE TO mark its fifth anniversary, ComfortDelGro Corp has set a target of achieving 70 per cent of annual turnover from overseas operations within five to seven years. When the land transport giant was formed five years ago after the merger
      FILE PHOTO  -  487 words
    • 602 4  -  R SIVANITHY STOCKS CLEARLY, the US Federal Reserve's Bear Steams bailout and other extraordinary steps it has taken over the past fortnight to prevent an all-out stockmarket crash have opened a window of opportunity for trading-oriented hedge funds to
      602 words
    • 373 5  -  VINCENT WEE Its 3rd project brings Zhangjiagang Free Trade Zone outlay to almost 300 m yuan SEMBCORP Industries yesterday signed an 80:20 joint-venture agreement with Zhangbao Industries Co to build, own and operate an industrial wastewater recycling facility in the Zhangjiagang
      373 words
    • 394 5  -  RONNIE LIM TO better cater to its growing oil and gas deals, niche offshore services provider Swiber Holdings has raised another $100 million in the Singapore bond market to fund its continued fleet expansion. Swiber's latest bond issue was a success despite the "difficult
      394 words
    • 218 5  -  CHOW PENN NEE YANZIJIANG Shipbuilding, which owns 75.19 per cent of Jiangsu New Yangzi Shipbuilding (JNYS), is buying the remaining 24.81 per cent for about 2.63 billion yuan (*****.67 million). Yanzijiang said yesterday the acquisition plays a critical part in its plan
      218 words
    • 370 5  -  EMILYN YAP Lyxor may bring in European exchangetraded funds THE exchange-traded fund (ETF) market in Singapore is set to grow further as the Singapore Exchange (SGX) promotes this segment. The latest entrant is Lyxor India Nifty ETF 10, the first
      370 words
    • 367 7  -  OH BOON PING 208.5 m yuan deal will give it a 99% stake in the Anhui-based college with 6,000 students RAFFLES Education Corp is buying a full-time privately run college in China's Anhui province. Under an agreement signed yesterday for the proposed purchase, Raffles Education,
      367 words
    • 282 7  -  VINCENT WEE KOREAN bulk shipper STX Pan Ocean is getting more involved in the liquefied natural gas (LNG) business with the setting up of a new Singapore unit, STX Pan Ocean LNG, to deal in LNG operations and ship
      FILE PHOTO  -  282 words
    • 188 7 CHARTERED Semiconductor Manufacturing Ltd, the maker of chips that power Microsoft Corp's Xbox 360 game machine, slashed chief executive officer Chia Song Hwee's pay by 44 per cent last year. Mr Chia, 45, was paid U*****,000, the Singa-pore-based company said in a
      188 words
    • 238 7  -  JOANNE CHIEW SINGAPORE Post and Prudential Singapore Asset Management (Singapore) have launched an International Opportunities Fund (IOF) Asian Property Securities, exclusive to Sing Post customers. The fund, offered from yesterday, will invest mainly in closed-end real estate investment trusts (Reits) and property-related securities of
      238 words
    • COMPANY BRIEFS
      • 94 7 STAINLESS steel products maker AnnAik Ltd announced yesterday that it will not go ahead with a proposed l-for-4 bonus issue because of regulatory compliance. It said that it cannot comply with Rule 838 of the SGX listing manual which states that a company must
        94 words
      • 72 7 STARHUB, Singapore's second largest info-communications provider, has announced the launch of its International Ethernet (IE) service that enables businesses in Singapore to deploy high-quality data, IP and voice/VoIP solutions in Asia and the US using Star Hub's high-bandwidth, scaleable and secured IE connection. The telco
        72 words
      • 78 7 Bloomberg MOBILEONE (Ml) Ltd, Singapore's smallest wireless operator, will cut prices by as much as 35 per cent for users with multiple connections to retain customers before a rule change lets people keep their number while switching carriers. Users with at least three
        – Bloomberg  -  78 words
      • 31 7 SINGTEL said the Sing Tel Touching Lives Fund, its philanthropy programme, raised a total of $2.4 million in 2007, exceeding its target commitment of $2.3 million.
        31 words
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  • Page 5 Advertisements
    • 27 5 V M ____k ■fl 3____ l ib nk -H 1 f ____^X IH 1 .fl' ___r m lal V ______>«___ v__„ r.v.^-' ii..,* __r m l^_______________________________ K ___________________________________w_>.-\
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  • PERSONAL INVESTMENT
    • Article, Illustration
      1040 6  -  UMA SHANKARI Capita Commercial Trust March 28 close: 52.18 CITIGROUP RESEARCH, March 27 CALL option on 1 George Street at a price of 551.165 billion: This works out to be 552,600 psf of NLA. The call option is conditional upon unitholders' approval at EGM by June 30, 2008.
      1,040 words
    • 1687 6  -  TEH HOOI LING SHOW ME THE MONEY TWO weeks ago, The Economist ran an article headlined "Grossly distorted picture". Basically, it argued that headline numbers of a country's economic growth, usually measured by year-on-year growth in gross domestic product (GDP), are misleading because they don't take
      The Economist with original data from IMF, Angus Maddison, Economist Intelligence Unit, National Statistics  -  1,687 words
    • BT SHARE INFORMATION SERVICE
      • 702 6 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr Before ('000] J(j After C000) itock IDT Hldgs 28-Mar-08Yeo Seng Chong «Buy 1500 na ***** 5.75 ***** 6.61 IDT Hldgs 28-Mar-08Yeoman Cap Mgt Pte Ltd «Buy 2540 na 9035 5.14 ***** 6.59
        702 words
      • 293 6 COMPANY MEETING PLACE DATE TIME Manhattan Res E 45 Maxwell Road, 5th Storey Podium of the URA Centre Singapore *****8 31-Mar 3.00pm K-Reit E Intercontinental Singapore Ballrooms 1 2, 80 Middle Road Singapore *****6 31-Mar 10.00am FSL Trust A Marina Mandarin Singapore Level 1, Capricon Ballroom 6 Raffles
        293 words

  • Page 7 Advertisements
    • 6 7 Lianhe Zaobao I I mmmm I
      6 words
    • 2230 7 Find the most comprehensive range of products and services in CATS Classified in The Straits Times. M^r^ Co ompaniMAc' Tu.cl^ZZ.t,.* In the Court of Bth Addl. Sr. Civil Judge At Junagadh inthematterof™e a companiesa CT ,cap.so, ,„_h.Ml_,__ Civil Misc. Application N0.43/2007 0-W^veSEe.ltd. NOBLE CITY DEVELOPMENT PTE. LTD. DERRICK SERVICES SINGAPORE
      2,230 words

  • SINGAPORE NEWS
    • 400 8  -  SIOW Ll SEN Move will capitalise on the vibrant events scene here, says Sports Council TICKETING company Sistic will be privatised and sold through a bidding process. In a statement yesterday, the Singapore Sports Council (SSC) said Sistic's shareholders have
      ST FILE PHOTO  -  400 words
    • 287 8 AN award was launched yesterday to recognise small and medium enterprises (SMEs) that have gone green. The Edge (Efficiently Developing Growing Enterprise) Award was launched at the 4th SME Credit Bureau Conference by Amy Khor, Senior Parliamentary Secretary for the Ministry of
      287 words
    • 326 8  -  KALPANA RASHIWALA SINGAPORE will have 10 integrated public transport hubs in about 10 years. The Land Transport Authority (LTA) yesterday awarded a "white" site at Serangoon Central for an integrated development to a unit of Pramerica Real Estate Investors (Asia) and
      326 words
    • 339 8 PRIVATELY-HELD Sim Lian Development's unit 3 Link Development emerged the highest bidder for a 60-year leasehold industrial site at Übi Avenue 4/Übi Road 2 at a state tender yesterday. Its top bid of $23.9 million reflects a unit land price of $88.74
      339 words
    • 422 8 Cargo lorries, though, still take two to six hours THE Immigration and Checkpoints Authority (ICA) said at a press conference yesterday that the average time for buses, cars and motorcycles to clear Singapore customs at the checkpoints has now reached levels close
      RAY CHUA KAR TZENG/LIANHE ZAOBAO  -  422 words
    • 503 8  -  CHEN HUIFEN DANNY TAN By< and SINGAPORE will soon have two more research centres of excellence (RCEs) one to research earth sciences and the other to find new therapies for cancers more prevalent among Asians. The National Research Foundation (NRF) and the Ministry
      503 words
    • 283 8 IT sounds ridiculously intuitive the key to unlocking your company's potential is to keep your staff happy. But according to Philip Merry, founder and chief executive officer of local consulting firm Global Leadership Academy (GLA), it is a concept that many companies here
      283 words
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  • MALAYSIA/INDONESIA
    • 588 9  -  S JAYASANKARAN But PM Abdullah's woes continue as Mahathir blasts him on Terengganu issue in Kuala Lumpur THE Supreme Council of the United Malays National Organisation (Umno) yesterday backed away from a confrontation with Malaysia's King over the appointment
      AFP  -  588 words
    • 169 9  -  Xinhua [JAKARTA] A 15-year-old boy from Indonesia's West Java province died just after he was admitted to the Hasan Sadikin Hospital to receive intensive medical treatment for alleged bird flu symptoms, local press said yesterday. Hadi Jusuf, head of the hospital's bird flu
      169 words
    • 394 9 Reuters [JAKARTA] Indonesia's economic growth is expected to ease slightly this year, after it reached its fastest pace in more than a decade in 2007, hampered by weak consumer demand and rising inflationary pressure, a Reuters poll showed. Analysts revised down their growth
      – Reuters  -  394 words
    • 359 9  -  Xinhua [JAKARTA] The Indonesian Transport Ministry has refused to impose the International Air Transport Association (lata) safety standard on all domestic airliners, the country's Transport Minister Jusman Syafii Djamal said here on Thursday. Vice-president of lata for Asia-Pacific, Mike Barclay, on Wednesday
      AFP  -  359 words
    • 219 9 AFP [KUALA LUMPUR] The Malaysian minister responsible for internal security yesterday rejected opposition calls for the release of an ethnic Indian state legislator detained under a contentious tough security law. "We must react to the country's internal security and public order," newly
      AFP  -  219 words
    • 419 9 Bloomberg [KUALA LUMPUR] Malayan Banking Bhd, which this week offered US$2.7 billion for PT Bank Internasional Indonesia, is considering selling a stake to a strategic partner to help finance the purchase, three analysts said yesterday after a briefing from management. Malaysia's biggest bank
      Bloomberg  -  419 words
    • 2295 9 Mar 28 Mar 28 RM A&M Realty 0.70 AbricBhd 0.15 Advance Synergy 0.15 Adventa Bhd 1.19 AeMuIti Hldgs 0.25 Affin Holdings 2.03 Ahmad Zaki Resou 1.06 AicCorp 0.62 Airasia Bhd 1.37 Akn Technology 0.45 Alliance Financi 2.69 Aluminium Co 1.05 Amalgamated Ind 0.55 Ammb Hldgs Bhd 3.52 Amtel
      2,295 words

  • GREATER CHINA
    • 447 10 Reuters They also expect inflation to hit highest level in 12 years [BEIJING] China has a good chance of enjoying its sixth straight year of double-digit growth in 2008 despite the long shadows cast by the global credit crunch, a quarterly Reuters poll shows.
      Reuters; REUTERS  -  447 words
    • 137 10 Reuters [BEIJING] Inflation risks remain a threat to China's economy and will be a focus of macroeconomic policies in 2008, China's statistics bureau chief said in remarks published yesterday. In an article in the official People's Daily, Xie Fuzhan, head of China's National Bureau
      Reuters  -  137 words
    • 8737 10 Transaction date: Mar 28 High Low Code Company Sale C000) High ow Buyer Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom I i., 110 99.5 6389 ABFSGBondETF 30 12 1938 AEI Corp 26 7.5 1100 AEM 42 19.5 2101 APOil 141 54.5 5550 ARA 22
      8,737 words
    • 552 11 Reuters Confidence hit by slowing profit growth, cash calls [SHANGHAI] When stocks in three big Chinese companies sank below their IPO prices this week, investors who bought shares in last year's offers suffered. China's once-roaring IPO market is another casualty. After spectacular growth
      – Reuters  -  552 words
    • 162 11 AFP [BEIJING] A group of Beijing-based foreign diplomats were scheduled to leave for Tibet's riot-hit capital Lhasa yesterday for a two-day trip organised by the Chinese government, embassy officials here said. Diplomats from a number of countries including the United States, Britain, France, Australia
      AFP  -  162 words
    • SGX
      • 56 11 VOLUME China Energy 100,298,000 UniFiber 79,100,000 Yangzijiang 69,014,000 JiutianC 54,222,000 Golden Agri 42,695,000 China Hongxing 40,191,000 Synear 39,350,000 JES 36,053,000 CoscoCorpMßLeCWoBo7o3 28,568,000 Sing Tel 25,486,000 VALUE (S) SGX 105,443,780 Sing Tel 100,182,722 Cosco Corp 87,009,979 Keppel Corp 86,907,155 DBS Grp 85,550,900 UOB 80,056,548 Capita Land 79,323,148 Yangzijiang
        56 words
      • 87 11 CLOSE UP CLOSE IMH 3182 207.1 4.9 Wilmar MBLeCW*****3 9 260.0 6. China H 10US$ 1610 89.8 4.2 Ca iitalandRBeCW***** 5 100.0 2. ISH 1700 60.8 2.7 Chasen 100.0 0. IIA 200 1554 32.0 2.1 CoscoCori iBeCW*****7 2 100.0 1.1 Iosco Cor| 373 26.0 7.5 SGXDB eCW*****5 15 87.5
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      • 117 11 BY CENTS BY PERCENTAGE CLOSE DOWN CLOSE DOWN GLD 10US$ 9310-151.9 -1.2 Wilmar DBeCW*****7 4 -83.0 -19.5 UOB 1936 -24.0 -1.2 ChinaESaveW*****2 -80.0 -4.0 UOB MBLePW*****7 47.5 -21.5 -31.2 CoscoCori ;GAeCW***** 10 -45.9 -8. Wilmar DBeCW*****7 -19.5 -83.0 OrientFood -33.3 -3.0 'BS Gr| 1842 -18.0 -1.0 UOB MBLePW*****7 47.5
        117 words
    • 80 11 Clob MAIN Up Down Unch 12 3 1 SDQ Up Down Unch 0 0 0 TOTAL Up Down Unch Multi Ind 12 Manufacture 113 40 41 13 17 126 46 58 Commerce 46 J9^ _5_1 JT2 7a itor/ lomms Finance J7_ J7_ Construction 14 !ro| Hotels/Rsts Services
      80 words
    • 123 11 TURNOVER ('000) MAIN SDQ TOTAL VALUE ('000) SDQ TOTAL MAIN Multi Ind 45,345 45,345 131,403 131,403 Manufacturing 664,684 53,387 718,071 445,966 7,977 453,944 Commerce 104,991 ,338 107, ,329 99,835 457 100, ,292 ir/< 119.176 169 119.345 328,511 51 328,561 Finance 46,462 31 46,493 339,796 339,802 Construction 111.148
      123 words
    • 45 11 Stock name Close Change Stock name Close Change CapitaLand 6.340 -0.060 Olam 2.070 +0.030 ZapH lev" irp bl bngg 3.410 +0.070 bembLorp Ind 4.200 +0.070 ieir JefrTI Tan fine" ipel .orp lai leverage" fpet .am I mar irp 'angzijiang 'affl tori
      45 words
    • 1805 11 BONDS WARRANTS Tel Code Company Tel Last Code Company Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left 4029 DBS SGA ECW*****0 25.5 4198 First Res MBL ECW*****1 21.5 4114 First Res RB ECW*****7 8 0.5 4001 1.5 1400 1 130 0.2 1900 0.5
      1,805 words
    • 2267 11 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      2,267 words
    • 68 11 52-Wk Tel Last Vol f'nn Day Last Quote Div GrYld Net MCap 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSG Spore ***** ***** 6101 ISSSP500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF IOPV
      68 words
    • 82 11 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil Com] >am Hii 139 68 6000 AVJennings 21.5 5.5 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 182 6019 TanChonglnt A68 -3 A10 +1.5 US20.5 +0.5
      82 words


  • INDIA
    • 523 12 Bloomberg This curbs central bank's ability to cut interest rates to arrest slowdown [NEW DELHI] India's inflation accelerated to a 13-month high, constraining the central bank's ability to cut interest rates to arrest an economic slowdown. Wholesale prices rose 6.68 per cent in
      Bloomberg; REUTERS  -  523 words
    • 349 12 -Reuters [NEW DELHI] India's telecoms regulator said on Thursday that it would phase out levies paid by teleco ms firms to a state-owned operator, raising hopes that tariffs could fall further and triggering a rally in sector stocks. India has recently awarded more
      -Reuters  -  349 words
    • 200 12 Reuters [MUMBAI] The chairman of United Breweries India's biggest beer maker, said he would be keen to buy the 37.5 per cent stake Heineken will soon own in the firm, the Economic Times said yesterday. "If you ask me whether I would buy
      Reuters  -  200 words
    • 7666 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.911/ Star Europe Bond 1.233/ Star Europe Bal 1.172/ Star Asian Tiger Eqty 1.345/ Star Asia Bond 1.189/ Star Asia Balanced 0.961/ Star Global Technology Fund!" 0.187/ Multi St Fd 0.851/ Star Asia Bond(USD) 0.862/ Gib Multi St USD
      7,666 words

  • ASIA-PACIFIC/WORLD
    • 415 13 AP, Reuters LATEST US DATA Sustained weakness most worrying sign economy is tipping into recession [WASHINGTON/NEW YORK] Americans, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of
      AP, Reuters  -  415 words
    • 226 13 Bloomberg [LONDON] Standard Chartered increased the pay of chief executive officer Peter Sands by 53 per cent last year, when the stock outperformed rival lenders. Mr Sands was paid US$4.6 million, including salary, bonuses and benefits, compared with US$3 million
      Bloomberg  -  226 words
    • 482 13 Bloomberg Company claims he 'misappropriated' USs2ob in shares [NEW YORK] American International Group, the world's largest insurer by assets, sued the company's former chief executive officer, Maurice "Hank" Greenberg, claiming he "misappropriated" AIG shares worth US$2O billion. AIG claims Mr Greenberg and six other former executives,
      Bloomberg  -  482 words
    • 554 13  -  ANTHONY ROWLEY CONSUMER price inflation in Japan surged to a 10-year high in February, mainly as a result of rising oil and food prices. But despite this, the Bank of Japan (BOJ) is expected to remain under pressure to cut interest rates to
      REUTERS  -  554 words
    • 421 13 Reuters [HANOI] Major rice exporters Vietnam and India yesterday said they will curb overseas sales more in an effort to combat food inflation, threatening to heighten the world's anxiety over staple food supplies. Hanoi confirmed it will cut rice exports by 22
      Reuters; AFP  -  421 words
    • 585 13 Reuters [NEW YORK] The global credit crisis has been hard on retailers, but those with strong cash positions stand to benefit if their more indebted rivals are forced to shut down stores. Companies with a lot of debt on their balance
      Reuters  -  585 words

  • WORLD
    • 748 14 Reuters Many fear for their jobs while others are reluctant to celebrate amid crisis [NEW YORK] Less than 48 hours after news broke that Bear Steams would be bought for a fire-sale price, the wives of two of the firm's senior
      Reuters  -  748 words
    • 85 14 [NEW YORK] Shown here are two photographs among the highlights of an auction next month at Sotheby's New York, spanning from early daguerreotypes to iconic 20th-century images. The main photo, "Leeks", shows a 1927 photograph by Edward Weston. On the left is "Leaf. It is a photogenic
      PHOTOS: AP  -  85 words
    • 844 14 Bloomberg Says 'sense of shared prosperity lost in US, wants stronger Fed [NEW YORK] Democrat Senator Barack Obama says the government must overhaul the rules governing banks and other financial institutions in the wake of a collapse in the US sub- prime
      Bloomberg  -  844 words
    • 318 14 -Reuters [NEW YORK] James Cayne, chairman of Bear Steams, sold US$6l.3 million of his shares of the company according to a filing on Thursday, signalling that the bank's shareholders are unlikely to get a higher price for their shares. JPMorgan agreed earlier this
      -Reuters; BLOOMBERG FILE PHOTO  -  318 words
    • 463 14 Reuters [NEW YORK] Wall Street firms are likely to face billions more in write-downs in the first quarter because of leveraged-buyout (LBO) deals. Write-downs are expected to trigger quarterly losses at some banks and brokers, and as long as these companies are
      Reuters  -  463 words

  • MOTORING
    • Article, Illustration
      867 15 Customers of the Swedish car maker experience an icy drive on four wheels with the 9-3 Aero XWD, reports SAMUEL EE A FROZEN lake may not be everyone's idea of automotive fun. But for some Saab owners, it certainly is. Each March for the past eight years,
      867 words
    • Article, Illustration
      375 15  -  SAMUEL EE THE Turbo X is a limited edition version of the Saab 9-3 Aero XWD. Only 2,000 units of this extreme model will be produced with Singapore getting just two cars. The all-wheel-drive model shares the same 2.8-litre V 6 engine with twin-scroll turbo as the Aero
      375 words
    • 426 15  -  SAMUEL EE It may seem like an after-thought but thankfully, it doesn't look like one. Four years after the debut of the Opel Astra five-door hatchback, a new four-door sedan model has been unveiled. While some booted versions of a hatch can look
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    • 339 15  -  SAMUEL EE By DRIVING a Saab on a frozen lake is just part of the Saab Ice Experience. Every year, Saab owners get a chance to go on this Arctic adventure, complete with a dog-sled ride and snowmobile safari. From Stockholm,
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      15 words

  • GOLF
    • 1659 16 A proposal to consolidate various tours in the Asian region has its detractors as well as supporters. JUSTINE MOSS reports THERE has never been a better time for golf in this part of the world, with professional golfers from Asia and beyond
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  • Page 16 Advertisements
    • 720 16 Wine&dine with weekendßT Mezeßar delicious desserts or a glass of wine from a choice of Sauce(sB++), main dish Fragrant Coffee Pork Ribs Vibe 333 Orchard Road, °ver 30 c wi"e labelf n/ lT h} A\__ per perSOn' and dessert Chilled Cream of Avocado and pm padfic orcMrd Merits Mandarin Singapore,
      720 words

  • WELLNESS
    • 1004 17  -  CHEAH UI-HOON Spas have come a long way since their boom 8-10 years ago. The buzz today isn't so much about their pampering effects, however. BT Weekend takes a look at treatments which have gone beyond the basics to offer therapeutic and wellness benefits
      1,004 words
    • 479 17  - Relaxing? Yup. Effective? Er, well CORINNE KERK WHEN it comes to "enhancing your health and immunity system", look no further than lymphatic massage at least where Ning The Fusion Spa, owned by Expressions International, is concerned. Lymphatic drainage massage is fairly common in spa therapy, with its primary function to
      479 words
    • 522 17  -  CHEAH UI-HOON THEN there are days when a body wrap will be sufficient for you, if you believe in the healing effects of mineral clay and essential oils and want to let your body soak it in and detoxify that
      522 words
  • Page 17 Miscellaneous
    • 354 17 CRYPTIC CROSSWORD ACROSS 7 Terrible reputation, one try U ■< to improve (9) IH IH IH U _____L_B____L__H 8 Kiss a girl before one is atta- I M— H H H HT^HI 10 Aircraft destined for scrap SB HI l__Hl __HI __HI __H IHI (8) no M ll-! i 11
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  • SHOPPING
    • 925 18 The right kind of lighting will make good architecture look even better and it can also be used in stores for targeted marketing, reports CHEAH UI-HOON SOMEONE once pointed out, that if the lighting is good, then you might not notice it. After all, the purpose of
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    • 404 18  -  CHEAH UI-HOON The Bth Singapore Fashion Festival kicked off with much pomp and circumstance last night at the Tent@Orchard. BT Weekend previews some of the notable events on and off the official fashion festival runway By HE'S known for his bridal gowns, but designer
      ARTHUR LEE  -  404 words
    • 398 18  -  CHRISTOPHER LIM FANCY a designer-label mobile phone, but want more designer cache and less mass-produced handheld associations? Fashion-house collaborations with mobile device manufacturers have littered the market over the past year, but with varying degrees of success. Armani's joint mobile phone with Samsung is definitely a
      398 words
    • 249 18 Simply spectacular VIEW some of the spectacular designs that's made Tiffany Co such a renowned jeweller. Simply Spectacular showcases some of Tiffany's most extraordinary one-of-a-kind jewels including the Tiffany Majestic Necklace. The 84-carat diamond necklace is the highlight of the travelling collection, and features diamonds
      249 words

  • TRAVEL 19
    • 777 19 Getting around this upmarket Alpine ski village with stunning views is easy just hop onto the free bus that runs between the main ski stations, says GOH HWEE LENG WE MAY be pushing April but up in the French Alps, Val d'lsere is one ski resort that
      PHOTOS: GOH HWEE LENG  -  777 words
    • 746 19  -  GEOFFREY EU SPRING may have officially sprung in the northern hemisphere, but there are still some parts where winter isn't done yet, no matter what the calendar says. North of the Arctic Circle, that northerly line of latitude which marks the geographic region where polar day
      PHOTOS: GEOFFREY EU  -  746 words

  • The Business Times weekend
    • 2203 20 MORE by design than by accident, food and beverage options on a certain nearby resort island have, over the past 15 months or so, reached a stage where Sentosa now qualifies as a bona fide dining hub, right up there with destinations such as Dempsey Road
      PHOTOS OF THE GARDEN BY ARTHUR LEE  -  2,203 words
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  • Page 20 Miscellaneous