The Business Times, 16 May 2008

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Total Pages: 32
1 32 The Business Times
  • 21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Friday, May 16,2008
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  • 818 1  -  \RTHUR SIM Volumes shrink, prices weaken but some segments are holding firm By/> [SINGAPORE] Based on the latest monthly developer sales data from the Urban Redevelopment Authority (URA), property prices could be on the downward trend. Developer sales fell, with April seeing only
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  • 831 1  -  LYNETTE KHOO While some say worst of downgrades is probably over, stock prices are another matter By [SINGAPORE] The weak January-March quarter has prompted analysts to downgrade their corporate earnings forecast for the full fiscal year. But some also feel that the
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  • MARKETS DIGEST
    • 46 1 KL COMP 1,294.15 +6.41 NIKKEI 225 14,251.74 +133.19 HANG SENG 25,513.71 -19.77 SET INDEX 855.61 +6.67 JAKARTA COMP 2,449.81 +0.47 MANILA COMP 2,878.26 +15.73 SEOUL COMP 1,885.71 +41.96 SHENZHEN B 559.48 +4.26 MUMBAI IND 17,353.54 +375.19 11.45AM EDT Cham DOW 12,884.78 -13.60 NASDAQ 2,500.25 +3.55
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.430 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.76 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 42 1 US$ (S$ per US$) 1.380 (USS/SS )er 1.948 2.687 EURO (USS/SS/E) 1.553 2.142 YEN 104.80 76.00 RM 3.264 2.366 HK$ 7.801 5.655 BAHT 32.41 23.49 RUPIAH 9,302 6,743 RENMINBI 6.994 5.070 INDIAN RUPEE 42.49 30.80 A$ 1.067 0.773 NZ$ 1.320 0.957
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous

  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 80 2 THE sub-prime crisis may have affected Asian property markets, but interest in the sector is likely to grow. The Government of Singapore Investment Corp's real estate arm is also confident about investment opportunities going forward. Going by the pace at which real estate projects
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      • 54 2 AGRICULTURE products supplier 01am International yesterday said third-quarter net profit rose 38.2 per cent year on year to $55.7 million from $40.3 million. Revenue increased 51.8 per cent to $2.41 billion on the back of consolidated results from five companies acquired last year.
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      • 72 2 LUXURY watch retailer The Hour Glass yesterday reported a 20 per cent rise in net profit to $9.99 million for the fourth quarter ended March 31, resulting in a 64 per cent surge in full-year earnings to $30.5 million. Turnover rose one
        72 words
      • 63 2 RESORT operator Banyan Tree Holdings has reported a 38 per cent increase in net profit to $15.4 million for its first quarter ended March 31. Revenue rose 34 per cent to $140.3 million, boosted by strong growth from hotel investment and property sales,
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      • 80 2 THE retail sales index in March rose 5.6 per cent, with the petrol service stations reporting a strong sales increase of 39 per cent over the year-ago period, according to the Department of Statistics. Excluding motor vehicles, overall sales volume rose by 6.1
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      • 48 2 UNDER pressure from Germany, the European Union on Wednesday agreed to consider a new clampdown on tax havens, despite the opposition of one country, Luxembourg, which said that it saw no reason to change the existing law. ECONOMY WATCH, PAGE 12
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      • 72 2 A FARE war between Malaysia Airline System and AirAsia has spilled into the open, with analysts predicting that AirAsia could lose. On May 5, MAS announced a "zero fare" campaign, offering one million free seats on domestic flights. Not to be outdone, AirAsia
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      • 56 2 ICICI Bank plans to raise as much as US$3 billion for two funds. ICICI Venture Fund Management will tap investors for a US$l.5 billion private equity fund starting next week, and may raise an equal amount for a real estate fund, CEO
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    • 589 2  -  JANE MOIR Bohai Fund and Blackstone Group said to be among interested parties in Hong Kong MEDIA tycoon Run Run Shaw is looking to sell his stake in entertainment flagship Shaw Brothers, the largest shareholder of Hong Kong's No 1 broadcaster.
      BLOOMBERG  -  589 words
    • 823 2  -  CHUANG PECK MING COMMENTARY Its projects in Asia make a difference that goes beyond any PR exercise I UST a week shy of Temasek I Foundation's first anniversaI ry, Temasek Holdings, which I started the $500 million foundation to help people in Asia, was again
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    • 373 4  -  EMILYN YAP GIC Real Estate says weaker market favours those taking strategic position [SINGAPORE] The subprime crisis may have affected Asian property markets, but interest in the sector is likely to grow. The Government of Singapore Investment Corp's (GIC) real estate arm is also
      373 words
    • 401 4  -  SAMUEL EE June 2 will see addition of 11 new locations [SINGAPORE] If you drive regularly to the central business district, then mark June 2 on your calendar. From that day, there will be full-day bus lanes at 11 new locations in the CBD,
      FILE PHOTO  -  401 words
    • 278 4  -  VEN SREENIVASAN Five Airbus A34os being converted to meet strong demand [SINGAPORE] Aviation history was made yesterday when Asia's first all-busi-ness-class intercontinental flight took to the skies. Singapore Airlines flight SQ22, a newly converted Airbus A340-500 with 100 business class seats, left
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  • Page 3 Advertisements
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  • 584 5 Important Notice to Shareholders Parkway Holdings Limited ("Parkway" or the "Company") is undertaking a renounceable underwritten rights issue (the "Rights Issue") of up to 360,398,108 new ordinary shares in the capital of the Company (the "Rights Shares") at an issue price of 552.18 for
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  • Page 5 Advertisements
    • 221 5 Parkway Holdings Joint Financial Advisers and Underwriters s|b ÜBS BnaT ent ©OCBCBank Important Notice Unless otherwise defined, capitalised terms used herein shall have the meanings ascribed to them in the OIS. The material set forth herein is for informational purposes only and is not intended, and should not be construed,
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  • Page 5 Miscellaneous
    • 194 5 Important Dates to Note Event Dates Shares trade ex-Rights Friday, 16 May 2008 from 9.00 a.m. Applications forms available online via the websites of the MAS and the SGX-ST Books Closure Date Wednesday, 21 May 2008 at 5.00 p.m. Despatch of Offer I nformation Statement and Monday, 26 May 2008
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  • COMPANY NEWS
    • 474 6  -  CHEW XIANG All four business segments record double-digit growth in sales volume AGRICULTURE products supplier Olam International yesterday said third-quar-ter net profit rose 38.2 per cent year on year to $55.7 million from $40.3 million. Revenue increased 51.8 per cent to $2.41 billion
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    • 499 6  -  SIOW LI SEN Moody assigns 'Aa3' rating, says that outlook is stable By DBS Group Holdings yesterday raised $1.5 billion by selling preference shares to boost its capital base. The preference shares, also called perpetual securities because they have no maturity, will pay 5.75
      499 words
    • 330 6  -  YEN SREENIVASAN By ASIA-PACIFIC Breweries (APB) is expanding its beer production in southern China. The mainboard-listed company said yesterday its joint venture HeinekenAPB China (HAPBC), through its wholly owned subsidiary Guangzhou Asia Pacific Brewery Co, will build a new brewery in
      330 words
    • 473 6  -  CONRAD TAN By ALTERNATIVE trading platforms and off-exchange "dark pools" of liquidity are a greater competitive threat to stock exchanges in Asia than other bourses, said a senior Singapore Exchange (SGX) executive yesterday. SGX chief financial officer Seek Wai Kwong said
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    • 304 6 Reuters PHILLIP Securities, Singapore's second largest stockbroker, is in talks with 10 companies to quote their shares on its over-the-counter (OTC) stock trading platform, an alternative to Singapore Exchange's Catalist board for smaller firms. Phillip expects two of them
      Reuters  -  304 words
    • 881 6  -  WINSTON CHAI HOCK LOCK SIEW By HE first bout in the prize fight to land Apple's iconic iPhone may I have gone to Sing Tel but some market watchers are saying this is a hollow victory since the grey market
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    • 350 6 Q1 results ended March 2008 CURRENT PREVIOUS CHNG CURRENT PREVIOUS (S$m) (S$m) CHNG 1 BerlianLaju 162.42 25.44 538.4 233.63 127.57 83.1 2 HLAsia 30.16 21.84 38.1 1054.56 787.52 3 StraitsAsia 27.81 11.62 139.3 145.02 95.49 33.9 51.9 4 BanyanTree 15.36 11.16 37.6 132.53 104.93 5 Straits Trdg
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    • 386 7  -  LIM WEN JUIN It marks strongest historic performance as full-year net soars 64% to $30.5m By LUXURY watch retailer The Hour Glass yesterday reported a 20 per cent rise in net profit to $9.99 million for the fourth quarter ended March 31,
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    • 449 7  -  CHARMIAN KOK By FOLLOWING efforts to streamline its businesses and improve operating efficiency, WBL Corp reported a net profit of $11.8 million for the second quarter ended March 31, 2008, up from just $1.6 million for the corresponding period last year. This
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    • 386 7  -  RONNIE LIM By SYNERGIES with its other offshore support firms within the group helped rig owner/operator KS Energy (KSE) to more than double its net profit to $11.1 million in the first quarter of 2008, from $5.3 million in the corresponding period
      386 words
    • 359 8  -  SARA LIM By: Revenue boosted by strong growth in hotel investment and property sales RESORT operator Banyan Tree Holdings has reported a 38 per cent increase in net profit to $15.4 million for its first quarter ended March 31. Total revenue, including other
      359 words
    • 350 8  -  JOANNE CHIEW By THE Straits Trading Company has reported a first-quar-ter net profit of $11.5 million, down 79 per cent from $55.4 million in the corresponding quarter a year ago. Earnings per share was three-and-a-half cents compared with 17 cents a year
      350 words
    • 257 8  -  VINCENT WEE By MARINE supply and logistics company Sinwa posted a 23.7 per cent increase in first-quarter net profit to $2.5 million on higher revenue from local and Australian operations and the charter of its seismic vessel. Revenue rose 11 per cent to $31.4 million,
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    • 272 8 FRASERS Centrepoint Trust (FCT) has relaunched Anchorpoint, the suburban shopping mall in Bukit Merah, after giving it a $13 million makeover. The mall is branded as Singapore's first "outlet mall", with several brandname chains setting up "outlet" stores which offer heavily discounted goods. Already,
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    • 221 8  -  SARA LIM By BEAUTY China Holdings, a cosmetics company operating in China and Hong Kong, has reported a 5.3 per cent increase in net profit to HK537.3 million (556.6 million) for its first quarter ended March 31. Revenue rose 30.3 per cent to HK5149.5
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    • COMPANY BRIEFS
      • 47 8 MOODY'S Investors Service has confirmed the Ba2 rating of Allco Commercial Reit with a stable outlook, following Allco's announcement that it has entered into binding documentation to refinance its $550 million bank loan with a new maturity of December 2009.
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      • 54 8 SINGAPORE Airlines said its overall load factor in April fell to 67.5 per cent from 69.3 per cent a year earlier. It added that its April passenger loads on flights to and from the Americas stood at 70.7 per cent, compared with 78.3 per
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      • 34 8 Reuters SINGAPORE-LISTED commodities trading firm Noble Group said it is raising funds via the sale of five-year dollar bonds. This caused spreads on its existing bonds to widen.
        Reuters  -  34 words
      • 79 8 CHINA Hongxing Sports' net profit for the first quarter ended March 31 jumped 45 per cent from a year ago to 114.23 million yuan (5522.5 million) after sales rose 43.7 per cent to 648.56 million yuan. Some 70 of its retail outlets were affected
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      • 36 8 CHINA Energy said yesterday that the Singapore Exchange has granted it an extension of up to July 31 to announce its financial results for the first quarter ended March 31.
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  • Page 7 Advertisements
    • 85 7 This announcement appears as a matter of record only Final Closing U551,515,000,000 The Baring Asia Private Equity Fund IV, L.R A private equity fund formed to invest in growth financings and buyouts of mid-sized companies in Asia. Baring Asia advises private equity funds with over US$2.5 billion of committed capital.
      85 words
    • 349 7 KM4 ftvEaHflnSfl ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000
      349 words

  • Page 8 Advertisements
    • 3356 8 IN THE MATTER OF THE COMPANIES ECON CORPORATION LIMITED ACT, CAP. 50 Notice to Creditors to collect outstanding Dividend Distributions AND The following entities are thought to be creditors of Econ Corporation Limited and todate have not collected their first and/or second interim IN THE MATTER OF distribution with the
      3,356 words

  • SINGAPORE MARKETS
    • 602 9  -  R SIVANITHY STOCKS Financial results and Hong Kong stock performance are key market drivers THE fortunes ofthe broad market yesterday were once again dependent on the familiar combination of external and internal factors Hong Kong's gyrations provided the main outside influence, while reported earnings
      Bloomberg  -  602 words
    • 106 9 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 9 4 3 0 0 0 9 4 3 Manufacturing 71 59 64 10 18 81 61 82 Commerce 28 18 23 32 21 30 Tpt/Stor/Comms 19 11 22 11 Finance 12 12
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    • 123 9 TURNOVER COOO) MAIN SDQ TOTAL MAIN VALUE COOO) SDQ TOTAL Multi Ind 30.728 30.728 191.952 191.952 Manufacturing 437.716 63.991 501.707 348.277 4.720 352.997 Commerce 45.150 6.544 51.694 74.559 1.251 75.810 Tpt/Stor/Comms 153.884 1.176 155.060 367.188 224 367.412 Finance 28.788 110 28.898 251.414 23 251.437 Construction 37.687 34.757
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    • 113 9 Stock name Close Cham Capita Land 6.710 +0.090 CapitaMall 3.600 +0.030 CityDev 11.700 Cosco Corp 3.510 +0.100 DBS Grp 20.060 +0.040 F&N 4.990 +0.060 Gent Intl 0.575 HK Land 4.860 -0.130 JSH 18.800 +0.380 JardineC&C 17.160 +0.060 Keppel Corp 11.500 +0.380 Keppel Land 5.760 +0.060 NOL
      113 words
    • Article, Illustration
      909 9  -  LYNETTE KHOO Singapore Airlines May 15 close: 5516.02 Kirn Eng Research, May 15 OPERATING profit up 62 per cent: Singapore Airlines (SIA) posted net profit of 552.05 billion (EPS of 551.69) for FY2OOB, which was in line with our estimates, versus consensus of 551.59. Net profit actually declined
      Bloomberg  -  909 words
    • 509 9  -  —Tj > ...1 LARRY WEE CURRENCIES THE US dollar trimmed some of its impressive Wednesday gains in Asia yesterday, following news of a more modest than expected April US CPI rise, and possibly ahead of more potentially weak US numbers due out
      Reuters  -  509 words
    • 4 9 DAILY
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    • 57 9 /lay 15 VALUE CLOSE 29.00 +62.00 BT OB/OS BT CADI -*****.00 +50.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 821.88 +1.70 FTSE ST Small Cap 685.43 +5.16 FTSE ST All Share 820.92 +2.64 FTSE ST China 498.47 +7.13 UOB Catalist 153.76 +2.35 SIMSCI 394.39 +1.78
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    • 53 9 VOLUME SunVic 48,403,000 Mercator 39,734,000 China Honqxinq 35,654,000 Celestial 29,824,000 Informatics 28,026,000 Cosco Corp 27,673,000 SingTel 25,261,000 SingTel DBeCWOBO9OB 25,030,000 CoscoCorpDßeCWoBo929 24,979,000 Ferrochina 24,448,000 VALUE(S) Keppel Corp 146,063,620 Cosco Corp 96,216,030 SingTel 93,760,370 OCBC Bk 75,548,602 DBS Grp 64,680,900 CapitaLand 57,043,752 UOB 53,062,720 StraitsAsia 48,279,860 NOL 46,106,320
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    • 104 9 CLOSE UP MBLJCW*****3 473 61.0 14.8 Kei GLD 10US$ 8560 57.9 0.5 JSH 1880 52.4 2.1 Kei Con 1150 38.0 3.. Kei MBLJCW*****0 380 24.0 6.7 S I A 1602 24.0 1.5 Ke, SGAeCW/*****1 51 21.5 72. OUE 1420 20.0 1.4 SIA 200 1600 20.0 1.3 DBS MBLJCW*****0 659
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    • 115 9 CLOSE DOWN 3396 -88.3 -1.8 JMH DBS Bk6% NCPS 10 ***** -40.0 -0.4 BMT 1860 -20.0 -1.1 StraitsAsia 370 -18.0 -4.6 HKLand 486 -17.9 -2.6 Unisteel 165 -13.0 -7.3 Yanlord 249 -12.0 -4.6 SembMar 412 -11.0 -2.6 RSH Ltd 140 -10.0 -6.7 Sino-Env 176 -8.0 -4.3 BY PERCENTAGE CLOSE
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    • 82 9 Where S$ stands May 15 CHNG CLOSE FRMayH YR2008 S$ LOW S$ HIGH USS 1.3796 0.36 1.4542 1.3457 Euro 2.1391 -0.18 2.2064 2.0474 Pounds 2.6865 -0.07 2.8431 2.6568 AS 1.2901 -0.08 1.3235 1.2349 Yen* 1.3137 0.06 1.4484 1.2832 Rupiah* 0.***** 0.30 0.0155 0.***** Baht* 4.2607 -0.05 4.4299 4.2350 Peso*
      82 words

  • SINGAPORE NEWS
    • 392 10  -  EMILYN YAP PROPERTY CityDev boss sees further investment opportunities ahead By HOTEL and property tycoon Kwek Leng Beng believes Singapore's real estate market is sustainable and further investment opportunities lie ahead. "I am also waiting for the opportunity to go in and
      392 words
    • 245 10 AMID a quiet property market, NTUC Income is selling a small commercial property in Beach Road that could fetch around $24 million to $26 million. Beach Junction, at 67 Beach Road, is a 999-year leasehold building opposite Shaw Towers. It sits at the
      245 words
    • 284 10  -  LIM WEN JUIN By THE Building and Construction Authority (BCA) announced the results of its 2008 Universal Design Awards yesterday. Out of 34 entries one more than in the inaugural competition last year three buildings garnered a silver award and six attained a
      284 words
    • 383 10  -  CONRAD TAN By CITY Developments Ltd (CDL) yesterday launched its first annual report focusing on the property developer's impact on the environment, such as energy usage and carbon emissions. The 54-page voluntary report, one of the first of its kind for
      383 words
    • 343 10  -  OH BOON PING By THE retail sales index in March rose 5.6 per cent, with the petrol service stations reporting a strong sales increase of 39 per cent over the year-ago period, according to the Department of Statistics (DOS). Excluding motor vehicles, overall
      343 words
    • 325 10 TO HELP small and medium enterprises (SMEs) learn about technology, IBM, in collaboration with the Singapore Chinese Chamber of Commerce and Industry (SCCCI), yesterday launched a mobile bus retrofitted with computers equipped with IT solutions. On board the bus called the IBM
      JOHN HENG  -  325 words
    • 347 10 EXTREME sports enthusiasts and adventure seekers will soon be able to experience the adrena-line-pumping sport of skydiving at an affordable price, when the world's largest vertical wind tunnel opens in Sentosa during the second quarter of 2009. The skydiving simulator, iFly Singapore,
      347 words
    • 86 10 MRS Lee Kuan Yew suffered a massive brain haemorrhage on Monday and was admitted to Tan Tock Seng Hospital after a scan at the National Neuroscience Institute, the Prime Minister's Office said in a statement last night. The statement said the haemorrhage stabilised
      86 words
  • Page 10 Advertisements

  • EMERGING ENTERPRISE 2008
    • 1512 11 AG Delta aims to provide new-generation business solutions for the wealth management industry. OH BOON PING reports WHEN you think about the fast-paced world of structured financial products, derivatives modelling and high-per-formance trading platforms does the thought "too complex" also come to mind? Not for Emerging
      1,512 words
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  • ECONOMY WATCH
    • 478 12 iVTT It wants to extend the scope of a directive on the taxation of savings [BRUSSELS] Under pressure from Germany, the European Union on Wednesday agreed to consider a new clampdown on tax havens, despite the opposition of one country, Luxembourg, which said
      iVTT; AFP  -  478 words
    • 555 12 NYT [NEW YORK] In its hunt for wealthy Americans who have stashed money overseas to evade taxes, the federal government has turned to an obscure law enacted nearly four decades ago. Under the law, originally aimed at rooting out laundering of drug
      NYT  -  555 words
    • 307 12 Bloomberg [NEW YORK] Sovereign funds that have invested US$llO billion to shore up financial institutions around the world will cut such spending because of political and shareholder opposition, said Gary Parr, deputy chairman of Lazard Ltd. Investments by state-owned wealth funds fell
      Bloomberg  -  307 words
  • Page 12 Advertisements
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      304 words

  • MALAYSIA/INDONESIA
    • 557 13  -  S JAYASANKARAN Both airlines are offering free seats, but analysts say MAS will gain more By in Kuala Lumpur A FARE war between Malaysian Airline System (MAS) and AirAsia has spilled into the open, with analysts predicting that AirAsia could lose. On May
      557 words
    • 429 13 Reuters, Bloomberg [JAKARTA] Indonesia's economy expanded in the first quarter by 6.28 per cent from a year ago much the same as in the previous quarter thanks to healthy exports and investment but economists expect a slowdown later in the year. Growth in Janu-ary-March edged
      Reuters, Bloomberg; REUTERS  -  429 words
  • Page 13 Advertisements
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      304 words

  • GREATER CHINA
    • 528 14 AFP Dams' damage widespread but radiation leaks unlikely [WENCHUAN, China] The death toll from China's massive earthquake could soar to more than 50,000, state media reported yesterday, as rescuers struggled to help survivors and hope faded for thousands buried under rubble. Some 20,000 are confirmed
      AFP; REUTERS  -  528 words
    • 489 14  -  SAIBAL DASGUPTA By in Beijing CHINA'S financial regulators have graduated from being gatekeepers of Chinese companies seeking foreign listings to encouraging "red chips", or Chinese firms listed in Hong Kong, to obtain a second listing in their home country. But they
      489 words
    • 197 14 AFP [WASHINGTON] Hong Kong's Secretary for Financial Services and the Treasury, KC Chan, called on foreign fund managers on Wednesday to leverage on the financial centre to tap the huge domestic savings of China. Hong Kong is Asia's leading wealth management centre with 80
      AFP  -  197 words
    • 2244 14 lay 15 RM COOO) A&M Realty 0.69 \bric Bhd 0.16 Advance Synergy 0.12 Adventa Bhd 1.23 AeMuIti Hldgs 0.22 Affin Holdings 2.03 Ahmad Zaki Resou 0.99 AicCorp 0.51 \irasia Bhd 1.18 Akn Technology 0.50 Alliance Financi 3.10 Aluminium Co 1.06 Amalgamated Ind 0.67 \mmb Hldgs Bhd 3.98 Amtel
      2,244 words
  • Page 14 Advertisements
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      48 words

  • INDIA
    • 365 15 Bloomberg It plans private equity and property funds, competing with foreign funds [MUMBAI] ICICI Bank, India's second biggest lender, plans to raise as much as US$3 billion for two funds as it competes with Morgan Stanley and Deutsche Bank AG to
      – Bloomberg  -  365 words
    • 314 15 Reuters, AFP [JAIPUR] A little-known militant group called the Indian Mujahideen has claimed responsibility for setting off bombs in the western Indian city of Jaipur that killed 61 people and injured 216 people this week, police said yesterday. A video clip sent by
      Reuters, AFP; AP  -  314 words
    • 259 15 ■Bloomberg [NEW DELHI] India's cement makers pledged on Wednesday to cut prices to help the government curb inflation, which is running at a three-and-a-half-year high. Prices will be rolled back by between 3 rupees (S$0.10) and 7.50 rupees per bag of 50 kg
      ■Bloomberg  -  259 words
    • 8297 15 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.944/ Star Europe Bond 1.187/ Star Europe Bal 1.172/ Star Asian Tiger Eqty 1.388/ Star Asia Bond 1.184/ Star Asia Balanced 0.98/ Star Global Technology Fund!" 0.202/ MultiStFd 0.815/ Star Asia Bond(USD) 0.859/ Gib Multi St USD 1.072/ Asia
      8,297 words

  • Page 16 Advertisements
    • 123 16 SATS■ I Ygk NJOTTCF S I WB*~^ 1 1 V/ JL JLV^JLjL-I Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT- FIND TT I !■B^B^B^B^BMjß^S^s^jßj^^^^^Sß^^^3^s.^^fl^^L\^B^B^B^B^Bß E^B2fflE^Q^393s33l^Sl BB^B^B^B^B^BBswffilrlHirailK^ i hhhhj jjj^^^_^_^^^_^jjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj^Joolllfi^j tV^BßßßßßMßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßßyXiii^F^Bßßßßß^^^iTj^^^^^^^^^l I I i^Tßi *^^»Vi*]^^T* B^P^^B I ■_mgg|gggLXgg^^ggLg^Xgg^^LgX^^H_j ■Amj^^^ggvH ■AmJA^^igvA^ B|V^4^TMI|Ti*IH^T V^l^^E^^^^^^^^lL^^W^^*^Bll BVjPW*l^U^VMSHy^HVHE^^Hl^^^^Ef^^B^BHßl BH™^P^^r^^^^^^?rr^TrT^^^T^SrT^K^^BHß pH^^^^^^22^^3^^^^^^^^^^BS^^^KU£aflU I Bb^^^^^b^h^^^^^^^^Bl B^Btc^^BU BV^^^^^BU pßpß^^^B^^y^p^^^p^^P^p^^^^M^^^^^^^^Tl^^^^^^^^^BßJßßßßJT^^^B^^B^rT^yTi^^^B^TrTTirr^Ji^TjßJßßßßjTn^B^™^^^^^*^"'^^^^^"^ HBBHJJIii
      123 words

  • ASIA-PACIFIC/WORLD
    • 466 17 Reuters 'Triptych, 1976' fetched USsB6m at Sotheby's [NEW YORK] Francis Bacon's "Triptych, 1976" fetched US$B6 million at Sotheby's contemporary sale on Wednesday, setting a record for post-war art and contributing to the auction house's best result in its nearly 300-year history. With a
      Reuters; BLOOMBERG  -  466 words
    • 399 17  -  NEIL BEHRMANN From in London BANKING giant HSBC's first-quarter US$3.2 billion sub-prime write-off is hugely inadequate, according to a London hedge fund. The bank should, in fact, write off a massive US$3O billion to account for the bad loans at
      399 words
    • 396 17 Bloomberg, AP, Reuters LATEST US DATA Unemployment benefits climb to highest level in 4 years, indicating labour market weakness [WASHINGTON] Industrial production in the US fell more than twice as much as forecast in April, as the slowdown in consumer spending prompted car
      Bloomberg, AP, Reuters  -  396 words
    • 511 17 Reuters The bank keeps open the option of improving its capital [LONDON] Barclays' profits fell in the first quarter but the British bank refused to rule out a rights issue as it took a £1 billion (552.67 billion) hit for the impact of
      Reuters  -  511 words
    • 330 17 Bloomberg [NEW YORK] Close to half of affluent US investors see the stock market as a buy, with energy as the industry and Asia as the region to be in. The annual Bloomberg/ Los Angeles Times poll of investors found that 44
      Bloomberg  -  330 words
    • 304 17 Bloomberg, AP [WASHINGTON] Federal Reserve chairman Ben S Bernanke pushed US banks to keep raising capital so they can help the economy by expanding lending as the credit crisis wanes. "I strongly urge financial institutions to remain proactive in their capi-tal-raising
      ■ Bloomberg, AP  -  304 words
    • 252 17 Bloomberg [PARIS] Credit Agricole, France's third-largest bank by market value, changed the head of its investment bank and plans to sell 5 billion euros (5510.7 billion) of assets after losses tied to the US sub-prime mortgage market collapse. Marc Litzler, 48, was
      Bloomberg  -  252 words

  • AVIATION
    • 369 18 Bloomberg Its engineers are discussing pay rises of between 4% and 5% [SYDNEY] Qantas Airways Ltd, Australia's biggest carrier, jumped the most in almost 18 months in Sydney trading after engineers scrapped plans to strike over pay today. The engineers are discussing pay rises
      – Bloomberg; AP  -  369 words
    • 207 18 Reuters [BEIJING] China Eastern Airlines is still in talks to sell a stake to Singapore Airlines and it is very likely the two carriers will complete a deal, China Eastern chairman Li Fenghua said yesterday. He gave no specific timetable for
      – Reuters  -  207 words
    • 342 18 Bernama It will offer 6 flights a week at average fare of RM4OO [KUALA LUMPUR] Air Asia X will start a new direct service to Perth in Western Australia from Kuala Lumpur on Nov 2, said its director, Tony Fernandes, yesterday. He added that
      Bernama  -  342 words
    • 435 18 -Bloomberg [WASHINGTON] Delta Air Lines Inc's proposed acquisition of Northwest Airlines Corp to create the world's largest carrier will probably win Justice Department approval, US Representative John Mica said on Wednesday. "More than likely this merger will be granted," Mr Mica of Florida, the
      -Bloomberg; REUTERS  -  435 words
    • 448 18 Bloomberg [BRUSSELS] The US gave a fresh warning to the European Union about planned airline-emission caps, highlighting the threat of a legal clash over EU action to fight climate change. John Byerly, the State Department's deputy assistant secretary for transport affairs, said that
      – Bloomberg  -  448 words
    • 2482 18 AIRLINE CODES: AA American Airlines (AA AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bang -'h Airlines (BBC), Bl Rcyal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU),
      2,482 words

  • SHIPPING
    • 462 19 Bloomberg After excluding container shipping earnings as discontinued operations, says tour operator [DUSSELDORF] TUI AG, the German tour operator planning to split off its Hapag-Lloyd freight line, reported a higher first-quar-ter loss after excluding earnings from the container shipping unit as discontinued
      Bloomberg; AFP  -  462 words
    • 238 19 Bloomberg [HONG KONG] Hyundai Heavy Industries Co, the world's largest shipbuilder, said that it received 1.2 billion won (Ssl.6 million) in bonuses from clients for delivering vessels an average of about two months ahead of schedule. About 85 per cent of the
      Bloomberg  -  238 words
    • 306 19 Bloomberg [SEOUL] Hyundai Merchant Marine Co, South Korea's second-largest shipping line by sales, rebounded to a first-quarter profit as it charged more to transport cargo. Net income came to 72.1 billion won (Ss9s million) last quarter, compared with a loss of nine billion won
      Bloomberg  -  306 words
    • 266 19 Reuters [WASHINGTON] Despite a slowing economy and growing competition from the Internet, the US Postal Service aims to break even in 2008 by increasing its package delivery business by about 10 per cent, a top executive said on Wednesday. The US Postal Service
      Reuters; AFP  -  266 words
    • 493 19 Bloomberg Tupi discovery main reason for huge demand [HOUSTON] Petroleo Brasileiro SA, Brazil's state-controlled oil company, leased about 80 per cent of the world's deep-est-drilling offshore rigs to explore prospects including the Western hemisphere's biggest discovery in decades. Petrobras, as the Rio de Janeiro-based
      – Bloomberg  -  493 words
    • 278 19 Reuters [HONG KONG] Cosco Pacific, the ports arm of China's largest shipping conglomerate, is exploring investment in terminals along the US west coast and in Europe, a senior executive said yesterday, to take advantage of tight capacity there. "The company aims to
      ■ Reuters  -  278 words
    • TRANSPORT STOCKS
      • 106 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.62 0.37 3.51 0.78 2.54 1.15 0.07
        106 words
      • 31 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.80 9.45 9.45 4.28 3.24 0.22 -0.01 -0.05 unch -0.02 0.06 -0.02 46 877 667 1937 459 1
        31 words
      • 12 19 ■oo 'recious Ship Regional Cont 25.50 23.80 unch 0.10 2910 296
        12 words
      • 11 19 '000 Doil iingamas Cont .56.95 ...2.22 4.00 unch 2813 2884
        11 words
      • 17 19 '000 Aboitiz Equity Intl Container Keppel Marine 6.90 33.50 2.50 unch 1.50 unch 1639 988 196
        17 words
      • 23 19 Evergreen Marine ....29.95 :irst Steamship 85.40 /Van Hai Lines 27.30 t'ang Ming Marine ..24.45 1.20 5.50 0.30 0.85 24 10 10 21
        23 words
      • 38 19 '000 :awasaki Hvy Ind ..286.00 13.00 ***** :awasaki Kisen ...1190.00 65.00 ***** /litsubishi Hvy 465.00 6.00 ***** /litsui Eng&Sbldg ..340.00 6.00 ***** /itsui Osk Lines ...1581.00 34.00 ***** Jippon Express 547.00 unch 4834 JipponYusen 1081.00 16.00 *****
        38 words
  • Page 19 Advertisements
    • 14 19 CATS Recruit The first step on your ladder to success \Ay_\__ f RECRUIT < < o
      14 words
    • 311 19 LOST SHARE CERTIFICATES The following shore certificates have been reported lost, destroyed or mislaid:Nume at Company Certificate Ho. In the Name ot Ho. ot Shares Hong Fok Corporation Limited *****51 Tan Ngiap Hiang 1000 *****82 do 250 NOTICE IS HEREBY GIVEN Hint if within fourteen (14) days from the date
      311 words

  • EDITORIAL & OPINION
    • 460 20 IN early March, amid fear that the US sub-prime crisis might pose a systemic risk to the world's financial markets, analysts were more gloomy about the performance of Singapore corporates than of companies in other regional markets. According to data compiled by StarMine Professional, a firm
      460 words
    • 1242 20  - McCain now a 'straight talking 1 neocon LEON HADAR Support for US troops surge in Iraq and for Israel is central to his presidential campaign IT'S difficult to imagine, but there was a time when pundits were tagging John McCain the ultimate un-neoconservative Republican with a nationalist, yet pragmatic, approach
      AP  -  1,242 words
    • 705 20  - Mobile phone banking regulators just don't get it ANDY MUKHERJEE THE BOTTOM LINE BANKING regulators still don't get it: The best candidate for making access to finance truly universal in a developing country is the mobile phone. A report last month by the Washington-based Consultative Group to Assist the Poor
      705 words
    • 1350 21  -  ELISABETH ROSENTHAL IHT The EU's appetite for seafood has led to an imbalance between supply and demand, and a thriving illegal trade By SURROUNDED by parrot fish, doctor fish, butter fish, Effa Edusie is engulfed by pieces of her childhood in Ghana. Caught the
      IHT; REUTERS  -  1,350 words
    • 767 21  -  RALPH JENNINGS Reuters By THE row of gleaming bicycles being assembled on the factory floor of Giant Manufacturing, one of the world's biggest bicycle-makers, will soon hit streets from Seattle to Sydney, Amsterdam and even Beijing. Rising petrol prices, growing awareness of environmental
      Reuters; REUTERS  -  767 words

  • Page 21 Advertisements
    • 104 21 HASSAN'S CARPETS BIG IS BEAUTIFUL SALE Nothing makes a bigger statement for your home than a beautiful, handwoven carpet. Now you have the opportunity of owning large-sized Persian, Pakistan, Indian and Afghanistan carpets at specially reduced prices. Naturally we also have smaller carpets and rugs and these too are on
      104 words

  • SINGAPORE STOCKS
    • 8418 22 Transaction date: May 15 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div GrYld Net lh Low Buyer Seller C'vr P/E MCap $mil Hi* Com[ >an] 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond
      8,418 words
    • 65 22 _Hm Low Code Comi Sale Cooo) _H|< Low Bui Seller C'vr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      65 words
    • 1948 22 52-Wk Tel High Low Code Last Sale Vol COOQ) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller Cvr P/E Smil Comi >an' Hii 30 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5
      1,948 words
    • 185 22 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
      185 words
  • Page 22 Advertisements

  • FINANCE & COMMODITIES
    • 372 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Mai 14 World Index Preliminary 1073.4 0.8 -5.2 1.1 -7.5 0.6 -3/ EAFE Preliminai 1030.0 0.6 -8.1 0.7 -8.4 0.3 -4.4 Euroi Prelim inan 1417.6
      372 words
    • 132 23 As at 9am May 15 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2790 1.2950 Can dollar 1.3670 1.3840 Euro 2.1240 2.1480 NZ dollar 1.0360 1.0580 iterlini ind 2.6720 2.7030 US dollar 1.3740 1.3900 Local dollars to 100 units of foreign
      132 words
    • 160 23 Offer May 15 Bid $S Overnight 5/16 1-month 1 1/4 2-months 1 5/16 3-months 1 3/8 Overnight mode: 5/8 US$ Offer 3/16 1 1/8 1 3/16 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.45 2.60 2.75 2.88
      160 words
    • 25 23 May 15 ten Jii Sett STI SIMSCI Ma' 392.8 395.9 393.4 Taiwan Ma' 350.7 355.4 353.8 Source: MF Global (S) He. Ltd
      25 words
    • 21 23 May 15 Bid Offer 1-month 1.3771 1.3783 2-months 1.3755 1.3768 3-months 1.3741 1.3754 6-months 1.3696 1.371 Source: OCBC
      21 words
    • 157 23 May 15 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2928 1.2941 0.9374 0.9377 Canadian dollar 1.3762 1.3780 0.9979 0.9985 Euro 2.1409 2.1430 1.5524 1.5528 NZ dollar 1.0445 1.0458 0.7574 0.7578 jterlini 2.6861 2.6883 1.9477 1.9479 US
      157 words
    • 355 23 May IS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO8 SepO8 DecO8 MarO9 97.240 97.125 96.870 96.695 0 0 0 0 ***** ***** 9761 ***** EUROYEN FUTURES JunO8 99.150 99.150 SepO8 99.070 99.090 DecO8 98.995 99.005 MarO9 98.890 98.905B JunO9 98.825 98.825 SepO9 DecO9 Mar10 99.140
      355 words
    • 283 23 May 15 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 420.25 417.50 415.00 413.25 410.50 411.50 RSS 3 (US cents/kg) Month Hig g|i Low Sett Volume (tonnes)
      283 words
    • 99 23 May 14 i SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1371.00 1374.50 Jul 08 1379.50 unch 1387.00 1368.00 Aug 08 1376.50 1374.50 1383.00 1375.00 Sep 08 1349.00 1344.75 1355.00 1345.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 60.91 61.65 60.95 60.95
      99 words
    • 76 23 CRUDE OIL PRODUCTS May 14 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 122.98 -1.38 WTI (Near Mth) 124.29 -1.58 Dubai (1-Mth F) 119.47 1.22 Tapis blend 129.2 1.5 Minas 126.5 1.5 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 111.07 162.50 2.57 5.3 US$/barrel Opec Oil
      76 words
    • 466 23 May 15 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.939 6.557 0.604 7.314 39.836 87.211 0.983 9.797 3.060 1.238 64.691 40.010 1.293 7.146 0.985 28.947 30.381 0.481 0.938 Canada 1.065 6.982 0.643 7.787
      466 words
    • 90 23 May 15 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****F 14.08.08 1-Year BY*****N 04.05.09 0.90 1.03 0.85 0.85 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
    • 78 23 May 15 (US$) (SS) 2.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 2.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs
      78 words
    • 66 23 May 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 08 3500 Jun 08 3497 Jul 08 3518 Aug 08 3525 Total o/p: ***** contracts 3500 3500 3500 3520 3525 3487 3521 3542 3498 3524 3544 3503
      66 words
    • 171 23 May 15 GOLD (USS/oz) May IS May 14 GOLD BULLION COINS (S$) Sellini Hong Kong 865.30 861.60 866.30 862.60 May 14 May 13 London 868.20 868.00 869.20 869.00 Source: Reuters (S$) Selling Buying 1 oz 1339.64 1204 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $469.73 385 SILVER
      171 words
    • 69 23 May 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2894.20 2899.00 3 months 2940.00 2945.00 Copper, Grade A (US$/tonne) Cash 3 months 8228.00 8125.00 8330.00 8235.00 Lead (US$/tonne) Cash 2243.00 3 months 2260.00 2297.50 2315.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 78 23 May 14 (£/tonne) Close Prev Hii ih/Low May 08 1410 1417 1425/1410 Jul 08 1460 1440 1486/1439 SepO8 1411 1403 1432/1397 Dec 08 1393 1383 1414/1380 COFFEE (US$/tonne) Close Pev High/Low May 08 2226 2245 2240/2223 Jul 08 2248 2265 2265/2232 SepO8 2237 2249 2249/2225 Nov08 2215 2228 2225/2198
      78 words
    • 1806 23 BONDS WARRANTS rel lode Company rei lode Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 4198 First Resources MBL ECW*****1 ...18 -1 610 4114 First Resources RB ECW*****7 6 -0.5 80 0.5 120 0.5 150 3 2 4369 SPH SGA ECW*****5
      1,806 words

  • Page 24 Advertisements
    • 3099 24 m The Business Times Shipping Times A M^M KPP 8jW. I WAN HAI INTERNATIONAL PTE LTD CRNO:**********0/R Rn9|UWJ|a»M» ■imrW^f^r^TO'niTllBiill VTTr\ Willi ■■>■ M F TEL*****S88 IMUNES) FAX:6224II63 r^ A^ ■ETTT|f7^r-Ti« _J»fl BaESgi uljjE3&£&E V\\N 1 WAN HAI INpX Customer Service/Bookings Direct Une-(1800) *****200 K^^^^^^^^^^U |SSn3jS{Ej(IKS9S!j3iSS|^BH 11 I IlHIl I Inl
      3,099 words

  • Page 25 Advertisements
    • 3637 25 RICKMERSLINIE Round -the-WoHd PeaH Strin g Service I f~gH EASTERN CAR LINER. LTD I (jft £f 3S^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com 111 E> I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I iirrrr/r v rvnnree e«rr run enurnrrr r USA Service H WbbKLY bXrnboo oAlLINu ot/HbUULb
      3,637 words

  • Page 26 Advertisements
    • 2625 26 H^~^^B I J A MntDCt\f1 Tel: 65-*****907 Fax: *****917 I f™" TTT^L.^^-! E9 E9 H9 B9 5S A^ 0'1"53^1^ Email: asc@asc-asia.com I WiH fil flRV NAlf IGATIMU RRflllP I m,fl**kmU iZMM Hsfli __i ym l shipping compa nT7 70 Shenlon Way, #21 -03 Marina House Singapore *****8 llHWIUft I Kill
      2,625 words
    • 1802 26 Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Number Number SIN Desfn Name Name Number Number SIN Desfn Name Name 807N *****673 To KAWASAKI (KWS) 2550 Japan 07/06 24/06 Toyofuji FUJITRANSWORLD 1 17/05 27/05 WanHai RECIFE NOl9 *****588 To NEW ORLEANS (NEW) 2273 Vietnam 24/05 03/06
      1,802 words
    • 1250 26 Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone Number Number SIN Dest'n Name Name Number Number 90 *****595 28/05 08/06 Shandong CHINA STAR 52E 6225 3522 II c 01/06 14/06 SCI MARIVIA 022E *****355 237 *****333 08' 06 21/% SCI KOTAWIRAWAN WRN942 *****355 0027N *****288 U c To RABAUL (RAB)
      1,250 words

  • ENTERTAINMENT
    • 744 27 INTERVIEW Trumpeter Chris Botti talks to CHRISTOPHER LIM about his latest album and why his music has found worldwide, popular acceptance IT'S often tough being a successful jazz artist with wide international appeal. Ask Herbie Hancock, Diana Krall or Kenny G. Hancock deserved
      744 words
    • 626 27  -  YVONNE POH BOOK REVIEW By The Suspicions of Mr Whicher or The Murder at Road Hill House by Kate Summerscale Bloomsbury Publishing Pages: 360 Price: $47.50 w/o GST Rating: A ONE summer's day in 1860 England, the body of a three-year-old boy was found on the
      626 words
    • 306 27  -  CHRISTOPHER LIM NIGHT OUT By WORLDWIDE Festival (WWF) fanatics are rubbing their hands in glee as Singapore gears up for its first multi-venue music extravaganza, which starts tonight and lasts till Sunday. Party-goers will be happy to know that there are some last-minute additions to the already impressive
      306 words
  • Page 27 Advertisements
    • 428 27 SilP 1? Altitude 4110 v H .--^H ValitfThru MamberSinee OQ/GO THRU 00/33 00 VIHCENT TAN IX The DBS Altitude American Express® Card Better by miles With 1 air mile earned for every 550.83 charged, we'll take you to your favourite destinations 3X faster. /M J|m\ /Mm fc\^T ~^^r -.a^ m
      428 words

  • CLIPPER RACE
    • 641 28 Still, race nine to Panama was an eventful and satisfying one for the crew of Uniquely Singapore, reports VINCENT WEE AFTER sailing 27,000 miles and coming more than three-quarters of the way on their round-the-world journey, the crew of the 10 boats
      ONEDITION  -  641 words
  • Page 28 Advertisements
    • 1889 28 B SOCIETE CENERALE A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann-***** Paris France. Notes in the Accounts which form an integral part of the financial statements together with a list of Societe Generale's subsidiaries can be obtained from Societe Generale Singapore Branch, 80 Robinson Road #26-00 Singapore
      1,889 words
    • 77 28 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by i^'i'Mi THE BUSINESS TIMES Business Times journalist VincentWee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first leg
      77 words

  • PURSUITS
    • 870 29 PROFILE It's a good time to invest in contemporary objects, top HK-based Christie's official tells PARVATHI NAYAR as she gives an overview of the booming art market in the region HE Asian art market is holding up well," says SuMei Thompson, senior
      ARTHUR LEE  -  870 words
    • 567 29  -  CHRISTOPHER LIM SPIRITS By CONVENTIONAL wisdom has it that if you drink enough whisky and your palate matures sufficiently, you eventually gravitate towards smokier variants, as exemplified by single malts from the Islay region of Scotland. That's a gross generalisation, of course. If you like
      567 words
    • 551 29  -  CHRISTOPHER LIM WINE By A NEW Gewurtztraminer in town is always worth celebrating. It's not that white wines made from the grape varietal are exactly rare here, but they are simply not as popular in Singapore as they should be, given their suitability for
      551 words
  • Page 29 Advertisements
    • 23 29 w Company formation Accounting reporting! Payroll processing Tax planning Financial due-diligence Internal audit Audit (PRC IFRS) Tax filings Business matching Oracle project mgt
      23 words
    • 127 29 f* < m wL Ak Bosch Express 15 mins programme: /^FSk ilti 4^h^ Quick solutions for if t T\o\.C+ o+l v« B/) (^i B') lici today>s busy lifestyle tsuoi^n V^^/ v^y VigK woHd's'Sever lnVented for life Express 15 programme which enables you to wash 2 kg of lightly soiled garments
      127 words

  • ARTS
    • 738 30 A collection of Parvathi Nayar's works, comprising a retrospective sale, exhibition and silent charity auction will take place on May 22, report lAN POH and DANNY TAN LEGENDARY American composer and musician Frank Zappa once said that art is about "creating something out
      JOHN HENG  -  738 words
    • 601 30  -  SUSIE WONG By XU Beihong (1895-1953), from China, was a modern artist. The paintings at this exhibition span the 1920s to the *****, an era in which modern art had already taken root in the West. With Xu's trips to Europe, first
      601 words
    • 460 30  -  CHRISTOPHER LIM By MANY a work of art has been built around the portfolio of a suitably dominating personality. There was that quirky movie Being John Malkovich, based on the American actor. And of course the musical We Will Rock You, which recently ended
      460 words
    • 477 30  -  CHRISTOPHER LIM By SQUARE Enix's Final Fantasy franchise of role-play-ing games is so incredibly popular that each new title is guaranteed to be a commercial success, down to record-level soundtrack sales. In fact, the highly-antici-pated upcoming Final Fantasy XIII could single-hand-edly give
      477 words
  • Page 30 Miscellaneous
    • 554 30 artBEAT As today is the last day of the festival, don't miss the chance to catch Tales fe^^ from the Workshop (left) by Irish Mk. puppeteers Tommy Baker and Claire Murphy. The interactive performance for children of all ages is a unique blend of storytelling and puppetry techniques which makes
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  • CINEMA
    • 1020 31 Hollywood mogul Ashok Amritraj talks to PARVATHI NAYAR about his new $75m film fund HE primary goal and business model is to produce a slate of motion pictures, wrapped around a fund," says Ashok Amritraj, chairman and CEO of Hyde Park Entertainment, who is in town
      JOHN HENG  -  1,020 words
    • 790 31  -  GEOFFREY EU By NEXT Friday, about 4.30pm European time, Singaporean Bosco Francis will walk up the fabled red carpet to the Theatre Lumiere at the 61st Cannes Film Festival, looking every inch a star in his cus-tom-made tuxedo. He will mingle with A-list celebrities, chat
      JOHN HENG  -  790 words
    • 569 31  -  GEOFFREY EU By AS we know only too well, Hollywood isn't in the habit of letting an unoriginal story idea or a lame script get in the way of its movie-mak-ing machinery. This is standard operating procedure for the formulaic films it churns out
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    • 457 31  -  PARVATHI NAYAR DVD [HE film adaptation of the first of Philip Pullman's trilogy, His Dark Materials, titled The Golden Compass, was a long-awaited event, whispered to be The Next Big Thing after Lord of the Rings and Harry Potter. Unfortunately, Chris Weitz's cinematic version
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    • 58 31 ~^\p\DY~\rc^ IstAnniversary1 stAnniversary Celebration [taii^ ReJurlawii^ and what a treat it will be! Get a FREE* pasta dish with every 2 pasta dishes ordered. Also enjoy 1 for 1* bottle house pour of Prosecco, Wine Beer Valid for Saturday Sunday Brunch (12 noon to 3.30pm) *(of lower value; not applicable
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  • Page 31 Miscellaneous
    • 375 31 CRYPTIC CROSSWORD nv.iwjj r- p; rr Pj b b btc b^bt: i I Marksman? Formerly a col- j BJ SflTßl 9 Popular individual to stop M^__Hb|__^M__^M__^J__^^^^J__^J__ unknown wickedness (8) P D Hg Hg |H BBbI 10 Called back with growl (4) MM ■■fj —H| I1 Another outfit needed by driver?
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  • executive lifestyle
    • 1545 32 The matchmaking industry in Asia is driven by young entrepreneurs catering to high net worth clients, report YONG SHU CHIANG and CHEAH UI-HOON GOING by recent reports that marriage and baby rates are heading upwards, it looks like finally, after years of swearing career
      FILE PHOTO; LUDWIG ILIO  -  1,545 words
  • Page 32 Miscellaneous