The Business Times, 17 May 2008
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2008-05-17
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The Business Times
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Title Section23 2008-05-17 1 THE BUSINESS TIMES weekend A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 122/12/2007 SINGAPORE 85 cents May 17-18,2008 online at http://www.businesstimes.com.sg23 words
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Article, Illustration453 2008-05-17 1 AP, Bloomberg He says £700,000 payout is not right after Heathrow debacle [LONDON] British Airways has registered record profits and will pay a dividend for the first time in seven years but its chief executive, Willie Walsh, has decided to forgo his ownAP, Bloomberg - 453 words
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MARKETS DIGEST
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Article47 2008-05-17 1 :rn lay lange 1COMP 1,300.67 +6.52 IIKKEI225 14,219.48 -32.26 IANG SENG 25,618.86 +105.15 ;et index 870.33 +14.72 JAKARTA COM P 2,468.84 +19.03 IANILACOMP 2,879.95 +1.69 ;eoulcomp 1,888.88 +3.17 ;henzhen b 556.78 -2.69 IUMBAI IND 17,434.94 +81.40 11.45AM EDT Cham )OW 12,907.01 -85.65 IAS DAI 2,512.04 -21.6947 words
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Article30 2008-05-17 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.790 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.72 INDIA 12.25 Source: EBloomberg - 30 words
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Article37 2008-05-17 1 IS$ (S$ per US$) 1.371 (US$/S$ ier£) 1.949 2.672 ;URO (US$/S$/E) 1.549 2.125 'EN 104.30 76.00 3.244 2.365 m 7.801 5.688 !AHT 32.37 23.60 1UPIAH 9,290 6,774 lENMINBI 6.988 5.095 INDIAN RUPEE 42.81 31.21 1.057 0.77137 words
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Article, Illustration830 2008-05-17 1 CHUANG PECK MING - CHUANG PECK MING Productivity must rise faster than wages, it says; suggests one-off or variable payments By [SINGAPORE] Wary of a wage-inflation spiral that will blunt Singapore's competitive edge at a time of economic uncertainty, the National Wages Council (NWC) has urged830 words
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Page 1 Advertisements
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Advertisement15 2008-05-17 1 Q1 EARNINGS So far so good but caution rules for key sectors 8 *****1 *****415 words
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Advertisement9 2008-05-17 1 de Sede 4ml OF SWITZERLAND j, S^— I I9 words
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Page 1 Miscellaneous
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Miscellaneous42 2008-05-17 1 aKILL^^I T^l^^B A MOTORING WELLNESS RAFFLES CONVERSATION ,-^fi ih m. PlN #A4QEF! i V m 1 I jffgT-r igMiiy B^Rr^»'lE The top-o^the-line TCM for childhood Economist Nicholas Stern O| B laJ^^^l Ly AudiA4 myopia on climate change /B FOOD CONCEPTS PAGE 2142 words
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TOP STORIES
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THREE-MINUTE DIGEST
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53 2008-05-17 2 SINGTEL is investing $220 million in an islandwide cellular network upgrade to set the stage for delivering higher-speed mobile broadband services. The project due for completion in March 2009 will provide a "future-proof network capable of handling more bandwidth over-the-air at much higher speeds. COMPANY53 words
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71 2008-05-17 2 THE rebalancing of the MSCI All Country Asia ex-Japan index at the end of this month could benefit commodity stocks at the expense of real estate and transport plays, according to ÜBS. It says that Golden Agri Resources, the sole Singapore addition71 words
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Article62 2008-05-17 2 EXTENSIVE advertising and promotion, network expansion and a shift in product mix have paid off for China Hongxing Sports. The strategy has put the company on the fast track, reaping it a 45 per cent surge in net profit to 114.2 million yuan (5522.4 million)62 words
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Article58 2008-05-17 2 NON-electronic shipments came to the rescue, lifting non-oil domestic exports (NODX) to a surprising 5.4 per cent year-on-year gain in April, against market expectations of a 0.5 per cent dip. Domestic shipments of non-electronic products bounced back from a 4.3 per cent drop to a58 words
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58 2008-05-17 2 MALAYSIAN Law Minister Zaid Ibrahim said yesterday that a Royal Commission of Inquiry has found evidence of a conspiracy to influence the appointments of top judges. He said that the report recommended that six people, including former premier Mahathir Mohamad, be investigated for58 words
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76 2008-05-17 2 INDIA'S booming fund industry is about to get even hotter with the launch soon of real estate mutual funds, which will make pricey property investments affordable to millions. Only 5 per cent of Indian wage earners buy property as an investment as76 words
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43 2008-05-17 2 NATIONAL Australia Bank chief economist Alan Oster feels that fears of a major US recession is overblown and forecast US GDP growth of 1.2 per cent this year and 1.7 per cent next year. WORLD, PAGE 1543 words
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Article, Illustration573 2008-05-17 2 JANE MOIR - JANE MOIR He also cites lack of progress on listing rules twice promised by the government By in Hong Kong SHAREHOLDER activist David Webb has quit the board of Hong Kong's stock exchange, citing backdoor political interference and a lack of progress on573 words
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Article, Illustration515 2008-05-17 2 CHEW XIANG - CHEW XIANG Company raises $9.63 m for coal mine project through private placement By [SINGAPORE] Former Informatics chief executive officer Ong Boon Kheng convicted and fined $445,000 last year for his part in inflating the education company's profits is pumping $1.08 million into beleagueredFILE PHOTO - 515 words
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Article, Illustration605 2008-05-17 2 LEE U- WEN - LEE U-WEN SATURDAY SOAPBOX THIS week saw one of the worst-kept secrets in mobile phone-mad Singapore finally become a reality with news that Apple's iPhone would be coming to these shores later this year. But as I trawled through numerous technology605 words
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Page 2 Advertisements
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Advertisement222 2008-05-17 2 DISCOVER SECRETS HOW ORDINARY PEOPLE WITH NO B^ Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! No need to quit your job. MONEY BACK GUARANTEE* to make sure you succeed. f£J "Whin 3 months, "With no prior aleameds3B,ooom f$ "learned $10,000 jjm I became a222 words
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Advertisement112 2008-05-17 2 (_i^_ r^- f v_^ v' i Correction <_y vx-\ riiin TUC AMCC P J 3 *-—4—n INourMay 15Househunt jL n(^ \tt\) lIL UntO H-> CT 1 lable'I able' We H f**^' I v I h^ i v J H**«' transposed two columns: 1 1 fIiAT PI f I built-in/land area112 words
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THE RAFFLES CONVERSATION
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Article, Illustration1779 2008-05-17 3 British economist Nicholas Stern's widely publicised report was both praised and panned. He shares his ideas with VIKRAM KHAN NA WHEN the Stern Review of the Economics of Climate Change one of the most comprehensive studies on the environment ever produced was released onARTHUR LEE - 1,779 words
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Article625 2008-05-17 3 AS a devoted student of the Indian economy, it is fitting for Lord Stern to be the first occupant of the newly created IG Patel chair at the London School of Economics (LSE), as well as the first head of LSE's "India Observatory", which is625 words
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Article99 2008-05-17 3 Woffle Rz T? penrfc 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 hotels that distinguishes itself through99 words
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COMPANY NEWS
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Article, Illustration381 2008-05-17 4 WINSTON CHAI - WINSTON CHAI Existing HSPA infrastructure will be upgraded to deliver download speeds of 14.4 Mbps By SINGAPORE Telecommunications (Sing Tel) is investing $220 million in an islandwide cellular network upgrade to set the stage for delivering higher-speed mobile broadband services. According to a company statementFILE PHOTO - 381 words
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295 2008-05-17 4 ARTHUR SIM - ARTHUR SIM By ENERGY and resources specialist AusGroup Ltd has announced a net loss of A 53.4 million (554.4 million) for the quarter ended March 31, compared with a net profit of As4.B million a year ago. Revenue for the quarter was A 577.6 million,295 words
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265 2008-05-17 4 LOW Shiong Jin, the director at the centre of the controversy over missing funds at Oculus, has quit another listed company. Enzer Corporation announced yesterday evening that Mr Low has tendered his resignation as an executive director of the company with effect265 words
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Article, Illustration552 2008-05-17 4 R SIVANITHY - R SIVANITHY STOCKS THERE were no violent moves in stocks this week, only a gradual creeping upwards of blue chips, suggesting confidence is slowly returning. After dropping 74 points over the previous week, the Straits Times Index (STI) this week rose 79 to 3,241.49,552 words
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247 2008-05-17 5 Reuters [BANGKOK] Thai Beverage PCL, the country's largest brewer and distiller, plans to take over Thai green tea and sushi maker Oishi Group PCL for 6.94 billion baht (*****.3 million). Thai Beverage the maker of market leaders Beer Chang and Mekhong whiskyReuters - 247 words
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COMPANY BRIEFS
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Article122 2008-05-17 5 FEDERAL International (2000) Ltd, an integrated engineering and procurement specialist, has inked an agreement to commission the construction of a chartering vessel for about US$7 million. The vessel, to be purchased by Federal's 60 per cent-owned subsidiary, Federal Offshore Service Pte Ltd, is a twin-screw122 words
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91 2008-05-17 5 CITIBANK Singapore has won the "Best Retail Bank in Singapore" award from The Asian Banker for the first time, beating the three local banks. In awarding the accolade to Citibank for its performance in 2007, the Asian Banker pointed to its sustained distribution91 words
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133 2008-05-17 5 TRANSMARCO Ltd has reported a net loss of $509,000 for the financial year ended 31 March 2008, down from a net profit of $292,000 in the previous year. The group's turnover for the full year was $38.84 million, 1.74 per cent higher than the previous133 words
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181 2008-05-17 5 Bloomberg [SINGAPORE] 01am International Ltd, a Singapore-list-ed supplier of commodities, plans to increase its rice-milling capacity at least five times to tap rising domestic demand in India. 01am will raise capacity to 400,000 tonnes in three years, from a current capacityBloomberg - 181 words
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Article, Illustration379 2008-05-17 5 CHEW XIANG - CHEW XIANG Golden Agri Resources could see net inflow of USslo2m: ÜBS By THE rebalancing of the MSCI All Country Asia ex-Japan index at the end of this month could benefit commodity stocks at the expense of real estate and transport plays,379 words
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Advertisement149 2008-05-17 4 !pMji Sui Jianguo PISH Bronze, H: 38 cm, W: 29 cm, L: 20 cm ZHOU CHUNYA Jl#S SGD 100,000. 150,000. Oil on canvas, 116 x9l cm. SGD 280,000. 350,000. s* I Nyoman Masriadi Acrylic on canvas ■f^ 125 x 173 cm SGD 100,000. 120,000. v V-.-- AW y Auction 16149 words
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Page 5 Advertisements
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Advertisement359 2008-05-17 5 In The Matter of In the Matter of The Companies Act The Companies Act (Chapter 50) Cap. 50 And and InThftMnttfirnf In the Matter of SIGMA DELPHI LTD NOBLE CITY DEVELOPMENT (Co. Reg No. *****8691 M) (hghwio^^UMSE] [Incorporated In The Republic Of [In Creditors' Voluntary Liquidation) NOTICE QF FINAL MEETINg359 words
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Advertisement309 2008-05-17 5 the METROPOLITAN TOP MUSEUM OF ART STORE i^JSIh Jewelry With A Heritage JIbL j>*l§&», colorful ladybugs are adapted Greek Granulated w £j 'ik s&z§S;Hk\ Jfi'^"" i i o/ix mi 1 53 our collection is adapted from an W Sj silver with 24K gold plate. S SSs i i i i309 words
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PERSONAL INVESTMENT
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Article998 2008-05-17 6 LYNETTE KHOO - LYNETTE KHOO Banyan Tree Holdings May 16 close: 551.48 CIMB-GK Research, May 16 ABOVE expectations: Ql 2008 core earnings of $15.4 million (+37.6 per cent y-o-y) beat consensus and our estimates, forming 36 per cent of our full-year estimate (we were going for 33-34 per cent). Growth was998 words
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Article937 2008-05-17 6 For week beginning May 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) HiapSengEngg 16-May-08Cheng Buck Poh PL 6000 na ***** 11.83 ***** 9.85 China Enersave 15-May-08Tan Choon Wee Buy937 words
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Article, Illustration1359 2008-05-17 6 TEH HOOI LING - TEH HOOI LING SHOW ME THE MONEY Pure profits Companies and their dividend payouts in the last five years WHAT do investor s who bought into Singapore Shipping, Low Keng Huat, Singapore Petroleum Company or In-ter-Roller Engineering five years ago and still hold these1,359 words
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Article, Illustration411 2008-05-17 7 JOANNE CHIEW - JOANNE CHIEW Advertising, network expansion and shift in product mix boost Q1 performance By EXTENSIVE advertising and promotion, network expansion and a shift in product mix have paid off for China Hongxing Sports, the owner of the "Erke" brand and one of China's leading sports411 words
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Article, Illustration180 2008-05-17 7 ARTHUR LEE - ARTHUR LEE By CAPITALAND unveiled a green mascot called Capitafrog as it launched its Building a Greener Future programme at Raffles City on Thursday. The property group is looking at making the mascot into a soft toy and will unveil further green initiatives in the comingARTHUR LEE - 180 words
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308 2008-05-17 7 GENEVIEVE CUA - GENEVIEVE CUA Schemes let insured access clinics, hospitals globally By RAFFLES Medical Group has tied up with Bupa International, one of the world's largest international health insurers, to offer co-brand-ed health plans for mobile executives. The partnership is with Raffles subsidiary Interna-308 words
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Article8165 2008-05-17 7 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.949/ Star Europe Bond 1.188/ Star Europe Bal 1.175/ Star Asian Tiger Eqty 1.402/ Star Asia Bond 1.184/ Star Asia Balanced 0.982/ Star Global Technology Fund!** 0.205/ MultiStFd 0.815/ Star Asia Bond(USD) 0.858/ Gib Multi St USD 1.072/ Asia8,165 words
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Page 6 Advertisements
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Advertisement27 2008-05-17 6 V> pJ FIND THE ONES THAT FIT! H-fIX P^ Recruit the right people through CATS Recruit. J——v e°^\ a" I^OO 289 8822 or email recruit@isph.com.sg to advertise.27 words
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SINGAPORE NEWS
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539 2008-05-17 8 AMIT ROY CHOUDHURY - AMIT ROY CHOUDHURY Semicon equipment maker opening plant in Serangoon industrial estate By IN another example of Singapore continuing to remain a high technology manufacturing base, Nas-daq-listed KLA-Tencor, a world leader in process control solutions for semicon manufacturing, yesterday announced a more than539 words
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Article, Illustration582 2008-05-17 8 CONRAD TAN - CONRAD TAN By PROPERTY developers in Asia face a "double whammy" of rising credit spreads on loans and banks lending less against the value of new projects, a senior Asian property fund manager said yesterday. And the wider interest margins that banks have been demanding582 words
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Article, Illustration508 2008-05-17 8 CHRISTOPHER LIM - CHRISTOPHER LIM By THE History Channel has partnered a Singapore production company for the first time. The Moving Visuals Co created and produced the one-hour documentary Ancient Chinese Sports, which will air tomorrow at 7pm. As a lead-up to the Beijing Olympics,THE MOVING VISUALS CO - 508 words
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Article, Illustration431 2008-05-17 8 CHOW PENN NEE - CHOW PENN NEE By YOUNG working adults are the hottest demographic segment to be courted these days, going by how banks have been actively launching products to woo them. Citibank's clear card was one of the first to target this segment. HSBC yesterday431 words
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Article244 2008-05-17 8 A TOTAL of eight awards and four certificates of merit have been given out under this year's Building and Construction Authority (BCA) Construction Excellence Awards, out of a total of 16 nominations. The competition, introduced in 1986, principally recognises builders' workmanship, focusing on downstream post-design implementation specifically,244 words
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Article, Illustration514 2008-05-17 9 CHUANG PECK MING - CHUANG PECK MING Jump due largely to 9.8% rise in domestic exports of non-electronic goods By NON-electronic shipments came to the rescue, lifting non-oil domestic exports (NODX) to a surprising 5.4 per cent year-on-year gain in April, against market expectations of a 0.5 per centAFP; : IE Singapore - 514 words
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556 2008-05-17 9 SIOW LI SEN - SIOW LI SEN ByS PRIVATE equity outfits have stepped up their activities in Singapore, targeting buyouts and private companies around the region. "The last 2-3 years, the price expectations of entrepreneurs have risen, in line with the stock markets," said Mark Thornton, co-head556 words
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Advertisement6 2008-05-17 8 Organised by J|^ %£^J LIANHE ZAOBAO6 words
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Advertisement544 2008-05-17 9 K. NDz WfZ/\ CHINA KANGDA FOOD COMPANY LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of China Kangda Food Company Limited (the "Company") will be held at M Hotel, Anson Room 1, Level 2, 81 Anson544 words
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Advertisement1012 2008-05-17 9 COMMERZBANK m 1.1-31.12.2007 1.1-31.12.2006 Assets 31.12.2007 31.12.2006 in Euro m in Euro m in Euro m in Euro m Interest received" 22JTT6 78",862~ Cashreserve 5,157 5,967 Interest paid 18,096 14,925 Claims on banks 74,058 75,182 Net interest income 4,020 3,937 Claims on customers 289,409 294,471 Provision for possible loan losses1,012 words
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MALAYSIA/INDONESIA
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693 2008-05-17 10 S JAYASANKARAN - S JAYASANKARAN Cabinet orders investigation against six, including Dr M, for role in the affair By in Kuala Lumpur MALAYSIA'S Law Minister Zaid Ibrahim said yesterday that a Royal Commission of Inquiry investigating the contents of a video clip of a prominent lawyer693 words
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335 2008-05-17 10 Bloomberg It will raise RM3B5m to expand port, repay debt [JOHOR BARU] Malaysia's Johor Corp, a state economic development and investment group, plans to sell Islamic bonds to fund the expansion of oil and gas storage facilities at its port bordering Singapore. Johor's– Bloomberg - 335 words
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Article2240 2008-05-17 10 lay 16 RM C000) ASM Realty 0.69 \bric Bhd 0.14 advance Synergy 0.12 Adventa Bhd 1.31 AeMuIti Hldgs 0.22 Win Holdings 2.09 Ahmad Zaki Resou 1.00 AicCorp 0.51 \irasia Bhd 1.17 Akn Technology 0.50 alliance Financi 3.18 aluminium Co 1.09 Amalgamated Ind 0.65 tamb Hldgs Bhd 3.98 Amtel2,240 words
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Article, Illustration398 2008-05-17 10 Bloomberg [KUALA LUMPUR] YNH Property is seeking as much as RMI.2 billion (*****.5 million) by selling in advance half of a tower being designed by Norman Foster for Kuala Lumpur in the Malaysian capital's biggest commercial property transaction. YNH is inBloomberg; BLOOMBERG - 398 words
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543 2008-05-17 10 Reuters [JAKARTA] Indonesia's powerful military, pushed out of politics a decade ago when Indonesians embraced democracy, must soon relinquish another prize: a motley array of businesses including golf courses, offices, and taxi firms. The overhaul of the military, known by its Indonesian acronym TNI,Reuters - 543 words
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BRIEFLY ASIA
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Article61 2008-05-17 10 Bloomberg [KUALA LUMPUR] Telekom Malaysia, Malaysia's largest fixed-line phone operator, will spend RMB.9 billion (Ss3.B billion) on a governmentbacked network, a larger proportion of the Internet project than the company estimated, it said on Thursday. The government will pay RM2.4 billion over three years inBloomberg - 61 words
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85 2008-05-17 10 Reuters [JAKARTA] Indonesia's unemployment rate, among the highest in Asia, fell to 8.5 per cent in February from 9.1 per cent in August 2007 as many in the labour force were absorbed by informal jobs, the statis- tics bureau said on Thursday. Analysts said■ Reuters - 85 words
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74 2008-05-17 10 [KUALA LUMPUR] Green Packet, which will be launching its WiMAX business in Malaysia next month, aims to strike at least two deals to collaborate or invest in the region by the end of the year, reported The Star. It is one of74 words
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55 2008-05-17 10 Bloomberg [NEW DELHI] India's foreign exchange reserves increased US$2OO million to U*****.7 billion in the week ended May 9, the Reserve Bank of India said. Foreign currency assets climbed US$2OO miUion to U*****.8 billion, it said. India's foreign exchange reserves have risen by US$lOB.7Bloomberg - 55 words
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45 2008-05-17 10 Keuters [KUALA LUMPUR] Malaysian industrial and financial group Boustead Holdings said on Thursday that it will take over its property subsidiary, Boustead Properties, for RM5.50 (552.33) per share. Boustead Properties jumped 71 sen, or 15 per cent, to RM5.35 yesterday.Keuters - 45 words
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GREATER CHINA
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569 2008-05-17 11 -AFP Treasury welcomes yuan's appreciation but says gains are insufficient [WASHINGTON] The United States on Thursday accused China of keeping its yuan currency "substantially undervalued", but stopped short of branding Beijing a currency manipulator. "Neither China or any other major trading partner of the United-AFP - 569 words
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227 2008-05-17 11 Reuters [TAIPEI] Anthony Liao is hiring speakers of minor Chinese dialects at his Taipei travel agency, studying new destinations and ensuring a supply of buses as he gears for a surge of tourists from China, a relative rarity until now. His Phoenix ToursReuters - 227 words
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Article, Illustration370 2008-05-17 11 Bloomberg [HONG KONG] Hong Kong's economic growth unexpectedly accelerated in the first quarter as exports to China and Europe climbed. Gross domestic product rose 7.1 per cent from a year earlier, the government said yesterday in Hong Kong, after gaining a revised 6.9 per– Bloomberg; REUTERS - 370 words
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Article310 2008-05-17 11 Bloomberg [BEIJING] CNN, the American television news network, has formally apologised to the Chinese people for remarks by its commentator Jack Cafferty in April, Foreign Ministry spokesman Qin Gang said on Thursday. CNN's president sent a letter of apology for Mr Cafferty's remarks to– Bloomberg - 310 words
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Advertisement25 2008-05-17 11 Lianhe Zaobaol I Opening I I a branch linl2l I days mm Feat of efficiency jjjj Iby Bohai Bank's 8 I I S'porean ff I25 words
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Advertisement13 2008-05-17 11 AFTER. A BUSY DAS Yoa mem wvmm fuw» punt pool the piaßSffl^^ *ivm.tmo9tt.<om13 words
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GREATER CHINA/INDIA
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Article, Illustration787 2008-05-17 12 -Reuters They will boost the fund industry and make property investments affordable [MUMBAI] India's booming fund industry is about to get even hotter with the launch soon of real estate mutual funds, which will make pricey property investments affordable to millions. Only-Reuters; AFP - 787 words
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472 2008-05-17 12 Reuters, Bloomberg [SYDNEY/MELBOURNE] Shares in BHP Billiton, the world's largest miner, rose to a record level yesterday amid fresh speculation that Chinese interests were looking to build a stake in the group. They climbed 72 cents, or 1.5 per cent, to AReuters, Bloomberg - 472 words
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305 2008-05-17 12 Reuters [VENICE] China's deadliest earthquake in decades could cut by up to 5 per cent the country's supply of carbon offsets under the Kyoto Protocol over the next 12 months, a market that China dominates, Lehman analysts estimated on Thursday. Rich countriesReuters - 305 words
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446 2008-05-17 12 AFP [HONG KONG] The chairman of one of the world's largest property firms has begun legal action against his two brothers, Hong Kong court documents show, the latest twist in a long-running feud at the family-run firm. Walter Kwok, chairmanAFP - 446 words
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302 2008-05-17 12 Bloomberg [NEW DEHLI] India's inflation rate unexpectedly rose to the highest in three and a half years, adding pressure on the central bank to raise borrowing costs further to tame prices. Wholesale prices rose 7.83 per cent in the week endedBloomberg - 302 words
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Article, Illustration421 2008-05-17 12 Reuters [BEICHUAN, China] China struggled to bury the dead and help tens of thousands of injured, homeless and hungry yesterday, four days after a massive earthquake which is thought to have killed more than 50,000. China's government said more than 4.7 million houses were■ Reuters; REUTERS - 421 words
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WORLD
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Article, Illustration1040 2008-05-17 13 -AP Christie's auction misses low USs2B6m pre-sale estimate; Sotheby's posts Q1 loss [NEW YORK] It took only about 120 seconds last week for a Monet to exchange hands for a small fortune. Christie's auctioneer Christopher Burge started the bidding at US$26 million for a-AP; AFP - 1,040 words
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Article8825 2008-05-17 13 Transaction date: May 16 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E M Cap Hii Com[ B716 1st Software 22 6.5 3148 STelecom I i., 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp8,825 words
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Article, Illustration595 2008-05-17 14 Reuters Creationists say it is possible even as biologists are finding new life everywhere [OSLO] How did Noah's Ark manage to stay afloat? Estimates of the number of species on earth are surging into apparently hull-busting millions as biologists find new life almost everywhere they■ Reuters; REUTERS - 595 words
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SGX
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Article56 2008-05-17 14 VOLUME Golden Agri 85,145,000 CoscoCorpM EReCWOBO9IB 33,265,000 Firstlink 32,588,000 Thai Beverage 31,074,000 Jade Tech 30,214,000 ChinaEnergv 26,748,000 CoscoCorpDßeCWoBo929 26,515,000 Yangzijiang 25,728,000 Celestial 24,711,000 Mercator 23,143,000 Clob VALUE Keppel Corp 206,778,180 DBS Grp 144,577,280 Golden Agri 85,028,885 Capita Land 82,650,318 Cosco Corp 77,027,630 OCBCBk 69,958,610 Sing Tel 59,866,00256 words
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Article107 2008-05-17 14 CLOSE UP LD 10US$ 8734 238.5 2.0 MH 3560 224.8 4.8 ir China H 10US$ 1823 45.2 1.8 iBS Gr[ 2048 42.0 2.1 i Con MBUCW*****0 415 35.0 9.2 i Con MBLJCW*****3 505 32.0 6.8 Jt 1200 30.0 2.6 il Con 1180 30.0 2.6 I A 1630 28.0 1.7107 words
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Article111 2008-05-17 14 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 'BSBk6% NCPS 10 *****-130.0 -1.2 iCBCBk4.5%NCPS 100 ***** -20.0 -0.2 'enture Con 1114 -18.0 -1.6 leteLusion 12.5 -12.0 -49.0 lembMar BNPePW*****1 18 -12.0 -40.0 IOB MBUCW*****0 705 -11.0 -1.5 iCBCCai ,93%Pref10 ***** -10.0 -0.1 IOB111 words
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Article91 2008-05-17 14 Up Down Unch 11 4 1 Up Down Unch 0 0 0 Up Down Unch 11 4 1 lulti Ind lanufacturim 81 56 62 12 16 85 68 78 Commerce 36 12 21 40 12 28 itor/ lomms :inance 19 20 Construction 10 11 'rot lotels/Rsts iervices91 words
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Article126 2008-05-17 14 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 60,662 60,662 243,364 243,364 lanir facturing 403,373 46,485 449,858 331,461 4,514 335,975 lommerce 108,013 21,111 129,124 98,838 4,844 103,682 'pt/Stor/Comms 147,992 1,093 149,085 342,113 211 342,324 :i nance 39,378 41 39,419 350,357 350,366 lonstruction 49,563 49,216 98,779 10,952 2,431126 words
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Article37 2008-05-17 14 CapitaLand 6.800 +0.090 lapfl Jev" .OS CO _orp irp ieni Jari line >pel _orp ipel .am ,rp Ham 2.920 +0.0b0 =ngg =ngg ieml .orp ieml TaT iing EaT ieverage Imar 'angzijiang ran1 Ion37 words
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Article1748 2008-05-17 14 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left »92 Asia Environment W*****4 12 -3.5 30 1 38 14 3.67 15 1267 Biosensors DB ECW*****5 21 -0.5 5 1 70 4 1014 Capitaland BNP ECW*****8 31.5 1 20 0.1 4931,748 words
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Article2163 2008-05-17 14 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 offer2,163 words
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Article76 2008-05-17 14 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 617076 words
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Article72 2008-05-17 14 52-Wk Tel |h Low Code Last Sale Vol COOQ) lay Low Bi .ast yer Juote Seller Div C'vr Net P/E fICap Hii Comi >an' Hii 136.6 61.9 6000 AVJennings 21.5 5.5 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A67 A10.5 US20 HK232 unch unch 246772 words
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503 2008-05-17 15 AP, Reuters, AFP, Bloomberg LATEST US DATA Growth comes from a big jump in apartment building construction [WASHINGTON] Construction starts on new US homes posted the biggest increase in more than two years in April, rising by a surprisingly strong 8.2 per cent– AP, Reuters, AFP, Bloomberg - 503 words
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Article, Illustration50 2008-05-17 15 AFP [CANNES, Southern France] People waiting under umbrellas outside the Festival Palace during the 61st Cannes International Film Festival yesterday. The Cannes Film Festival on Wednesday officially unrolled its red carpet with a star-studded ceremony, kicking off the 12-day frenzy of movies, parties and deals.AFP - 50 words
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300 2008-05-17 15 ■AP Laurence Graff is the buyer of the 3.7-carat ring [GENEVA] A vivid blue 3.7-carat diamond ring sold for just under US$5 million at auction, becoming the priciest gemstone per carat ever, Sotheby's said yesterday. The oval-shaped stone about the size of■AP - 300 words
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488 2008-05-17 15 OH BOON PING - OH BOON PING By [SINGAPORE] The Federal Reserve is likely to cut interest rates by another 25 basis points, before pausing to monitor the key economic data in US, according to the National Australia Bank. However, its group chief economist Alan Oster felt that488 words
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505 2008-05-17 15 -AP, Reuters, NYT Only 1.8% growth expected this year, UN report said [UNITED NATIONS] The world economy is "teetering on the brink" of a severe downturn and will grow by only 1.8 per cent this year, the United Nations has said. That forecast in-AP, Reuters, NYT - 505 words
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583 2008-05-17 15 ANTHONY ROWLEY -i- i - ANTHONY ROWLEY -i- i By in Tokyo JAPAN'S gross domestic product (GDP) grew by 0.8 per cent or an annualised 3.3 per cent in the first quarter of this year, a rate ahead of expectations and which appeared to defy predictions that583 words
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370 2008-05-17 15 LAN POH - LAN POH By THAILAND'S Department of Foreign Trade (DFT) yesterday provided assurances that the kingdom will maintain its policy of not restricting rice exports, despite rising rice prices and a shortage of domestic supply. This is of note to Singapore: the city-state370 words
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MOTORING
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Article, Illustration791 2008-05-17 16 SAMUEL EE - SAMUEL EE As the world's fastest-growing premium brand, Audi is charging ahead with a product offensive. Here, we drive its newest and sportiest model, the 4.7 m long Audi A 4 3.2 FSI quattro Reports by I IFTEEN centimetres may only be half a foot but to the791 words
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Article, Illustration592 2008-05-17 16 CV CHEW - CV CHEW By HOW does one improve on a winning product? Carefully, it seems. On paper, the Audi TTS doesn't offer much more than its lesser brethren (higher power, quattro permanent all-wheel drive and magnetic ride are now standard equipment) except that it is topped off592 words
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DRIVING NOTES
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Article, Illustration142 2008-05-17 16 NEXT month's Saab City Duathlon will allow participants onto part of the upcoming Formula 1 Sing Tel Singapore Grand Prix route for the first time. The Swedish carmaker is the title sponsor for the second edition of the City Duathlon, which combines 15 km of running142 words
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Article, Illustration129 2008-05-17 16 MALAYAN Motors is launching the Jaguar XF (above) at its showroom this weekend but you'll have to get in line if you want to buy one. The first shipment of this highly anticipated sports saloon from the British marque launch is spoken for and any new129 words
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Article, Illustration141 2008-05-17 16 TO CELEBRATE the Ferrari team's victory last Sunday at the Turkish Grand Prix, Shell V-Power is being offered at the price of Formula 98 this weekend. That means Shell V-Power's pump price wiU be reduced from $2,329 to $2,210 per litre, or from $2,213 to $2,100 per141 words
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Article, Illustration109 2008-05-17 16 WEARNES Automotive is now offering the Renault Clio five-door hatchback (above). The third-generation of this French mini was first unveiled to the world in 2005 but this is the first time it has been made available here. The Clio 111 boasts a roomy interior that will109 words
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GOLF
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Article, Illustration1949 2008-05-17 17 For exceptional amateurs, turning 50 can offer another chance at becoming a touring golf pro, says JUSTINE MOSS MANY amateur hackers have no doubt dreamt of turning pro a few times in their lives. The reality is that one has got to be pretty1,949 words
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Page 17 Advertisements
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Advertisement672 2008-05-17 17 Wine&dine with weekendßT Chatterbox Oscar's Lunch and Dinner Buffet menus, from fresh 11 Canning Walk. Tel: 6333 9979 main course will enjoy free-flow of complimentary 333 Orchard Road, Meritus Mandarin Singapore seafood' S°T f?™ 9 '°Ca' fl m]ema^ f\ > hes' This May and June, take your family out for672 words
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WELLNESS
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Article, Illustration982 2008-05-17 18 FILE PHOTO Acupuncture on the eye muscles causes changes in the shape of the eyeball to help correct nearsightedness, reports MELISSA HENG m HEN Ms Fun's eight-year-old daughter was diagnosed in school with early myopia, she did what few mothers here would have done. Rather thanFILE PHOTO - 982 words
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Article, Illustration831 2008-05-17 18 IHT IT'S time to step off the scale and get out the tape measure. The size of your waist can tell you far more about the state of your health than the number on a bathroom scale. Studies have linked larger waist sizes toIHT - 831 words
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Page 18 Miscellaneous
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Miscellaneous307 2008-05-17 18 CRYPTIC CROSSWORD ACROSS 5 What journalist writes may I A song and dance, notice make it clear (7) (6) 6 Hear song, ill-written, about 4 To clean crockery used to be northern groupies (7-2) hard at college (4,2) 7 Like excuses over closure of 8 Notorious home recognised theatre (6)307 words
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SHOPPING
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Article, Illustration609 2008-05-17 19 Her Glass Slipper is a multi-label shoe store with focus on affordability and comfort, reports CHEAH UI-HOON SHE loves shoes; he's a fashion photographer. When Ada Lee and Adrian Thoo decided to set up a business, what better than to capitalise on their respective strengths. Her Glass Slipper609 words
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Article, Illustration514 2008-05-17 19 CHRISTOPHER LIM checks out the latest specialised and unisex fragrances in town THE battle of unisex colognes versus specialised scents for men and women continues, with contrasting approaches vying for your attention in the market. Ed Pinaud's original signature scents are finally available in Singapore,514 words
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490 2008-05-17 19 CHEAH UI- HOON - CHEAH UI-HOON By WHILE the Great Singapore Sale (GSS) is great news for most, it has always been seen as a sale for mid-price and high street labels rather than luxury. Your hopes of getting markdowns on Prada, Miv490 words
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PERSONAL SPACE
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Article, Illustration1087 2008-05-17 20 Tan Eng Sim's home on a hill is bright and airy with panoramic views of treetops and Nature at the doorstep, writes GEOFFREY EU THERE are many things to admire about Tan Eng Sim's spacious modern home near the top of a small, secluded hill inJOHN HENG - 1,087 words
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Article, Illustration1493 2008-05-17 21 Geoffrey Eu; Geoffrey Eu; Cheah Ui- Hoon - Having food fun Geoffrey Eu Geoffrey Eu Cheah Ui-Hoon BT checks out three places that will please your palate as well as tickle your funny bone By By By Tampopo 177 River Valley Road, #01-23/24, Liang Court Shopping Centre. Tel: 6338-3186. Tampopo Deli, #81-16. Tel: 6338-7386 JAPANESE family restaurant Tampopo1,493 words
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Article, Illustration868 2008-05-17 21 CHRISTOPHER LIM - CHRISTOPHER LIM By "WlNE goes great with food; it's just that beer with food is even better," declares Archipelago brewmaster Fal Allen with gusto. While that is a fairly contentious statement, to say the least, it does highlight the fact that it's certainly868 words
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Article, Illustration1219 2008-05-17 22 $3 million is up for grabs on the biggest race day, the Singapore Airlines International Cup, writes Larry Foley WITH only one day left in the countdown to the biggest race day on the Singapore Turf Club (STC) calendar, you could forgive the connections of some of the1,219 words
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Page 21 Miscellaneous
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Miscellaneous12 2008-05-17 21 AA. SHOPPING ■jfP^^v Cinderella's sole-mates mm i i mm» p age i912 words
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Page 22 Advertisements
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Advertisement12 2008-05-17 22 A SPECIAL FEATURE BROUGHT TO YOU BY: :^Pg 'tjingaporc. International 'fitting -festival12 words
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