The Business Times, 25 July 2007

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Total Pages: 36
1 36 The Business Times
  • 20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Wednesday, July 25,2007
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  • 894 1  -  Main drivers include foreign labour growth, rise of Chinese and Indian economies By ANNA TEO [SINGAPORE] The Singapore economy can grow at a near-8 per cent pace for the next several years, economists believe. Driven by an influx of foreigners, the economy's
    894 words
  • 760 1  -  Record numbers incorporated, many of them profitable By NANDE KHIN [SINGAPORE] Start-ups are mushrooming at unprecedented rates, as a buoyant economy gets the entrepreneurial juices flowing. A record number were incorporated last year while the pace this year is even faster, according to
    Source: ACRA  -  760 words
  • Page 1 Advertisements
    • 23 1 EXEC MONEY Protected funds are poor investments, says study PAGE 36 COMMENTARY Property Will 1996 ffigTSN repeat itself? PAGE 3 HiH ~:*M aßrnfaSdij^
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    • 4 1 11l 111 8 *****1"*****4
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    • 113 1 CORPORATE fcjj Keppel Land Q2 profit up 42% page 4 THAILAND Govt moves to rein in rising baht PAGE 2 jr Invenlt et Fecit Invented and made The niotto of a contemporary watchmaker building his own history. *3&or Jr Built in harmony with the noblest traditions 18th century marine chronometry.
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  • TOP STORIES
    • 630 2  -  Moves include freer flow of funds abroad, but analysts are not impressed By OUR CORRESPONDENT in Bangkok SIX new measures to help calm the strengthening of the Thai baht were yesterday approved by the government. They were intended to maintain competitiveness in the
      AP  -  630 words
    • 454 2 Will history repeat itself in hot property market? THERE'S a sense of deja vu for those who witnessed the last residential property boom in the 1990s record prices being reported by developers, en bloc sale in just about every private estate, foreign buying at record levels, and sub-sales
      454 words
    • 617 2  -  By WEE LI-EN [SINGAPORE] The independent regulator of auditors in Singapore has for the first time released the findings of its review of the profession. The findings of the practice monitoring programme by the Accounting Corporate Regulatory Authority (ACRA) are
      617 words
    • 46 2 IN yesterday's article on the Singapore consumer price index, the headline, "CPI: A flawed measure of inflation", is incorrect. The CPI is the most widely accepted measure of inflation, and the article was a discussion of why the CPI is not technically a cost-of-living indicator.
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    • 142 3 A ST INDEX 3,665.13 (+29.78) ST INDEX FUTURES 3,664 (+29) A SIMSCI 451.90 (+2.30) A SIMSCI FUTURES 451.70 (+4.00) MARKETS Tuesday Change KLCOMP 1,392.18 +10.65 NIKKEI 225 *****.03 +38.39 HANG SENG 23,472.88 +107.32 SET INDEX 880.95 +18.33 JAKARTA COMP 2,401.14 +20.93 MANILA COMP 3,706.24 -31.55 SEOUL COMP 1,992.26
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    • 1089 3  -  COMMENTARY Industry watchers expect govt to take more calibrated approach this time round By KALPANA RASHIWALA THERE'S a sense of deja vu in the air for those of us who witnessed the last residential property boom in the *****. Record prices being
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  • Page 2 Advertisements
    • 453 2 people HR's secret weapon. www.thepeopleatwork.com Asia-Pacific Executive Search Goods and Services Tax (GST) Workshop Zero-rating of Services Date KPMG Tax Services will be conducting a half-day workshop on the zero-rating of Monday, 27 August 2007 GST on supply of services. Time y° u 818 a GST-registered business, you currently charge
      453 words
    • 28 2 We are looking for business partners specialised in manufacturing pre-packed food sauces, to launch to local and foreign market. Please contact: 9385 3075 Giovanni's Mediterranean Restaurant Tapas Wines
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  • COMPANY NEWS
    • 697 4  -  HOCK LOCK SIEW By R SIVANITHY If we were to rely on measures like price-to-earnings (PE) or price-book (PB) or price-cash flow (PCF) and apply them to local blue chips, things are relatively clear. Bloomberg's financial service gives the Straits Times Index as trading at a
      697 words
    • 488 4  -  Developer sees contributions from high-profile projects like MBR By UMA SHANKARI KEPPEL Land, Singapore's third-largest developer by asset size, yesterday said that net profit for the second quarter ended June 30, rose 42.2 per cent to $63.0 million from $44.3 million a
      ARTHUR LEE  -  488 words
    • 427 6  -  It aims to boost its asset portfolio to $500 m by 2009 By CHARMIAN KOK FOLLOWING the recent announcement by First Real Estate Investment Trust that its distributable income of $4.5 million for the second quarter exceeded forecasts by 3.8 per cent, the Reit
      427 words
    • 477 6  -  The trust seeks to raise $500 million with its offer of 423 m units for subscription By ARTHUR SIM ASCENDAS India Trust (a-iTrust) has launched a Singapore public offer in connection with its proposed initial public offering (IPO). The price for the units
      477 words
    • 446 6  -  By SIOW LISEN KEPPEL Telecommunications and Transportation (KT&T) yesterday posted an 8.2 per cent rise in net profit to $11.4 million for the second quarter ended 30 June. Earnings per share for the quarter was two cents, up from 1.6
      446 words
    • 514 8  -  Rising fuel price, easing passenger traffic growth among key factors By VEN SREENIVASAN RISING fuel prices, moderating passenger traffic growth, the absence of a strong recovery in cargo and airline's inability to pass on- more of their costs to customers these have raised
      REUTERS  -  514 words
    • 353 8  -  This will increase the capacity of existing joint venture six-fold By RONNIE LIM MARINE fuels supplier Chemoil Energy is investing US$6O million in a new Oil storage terminal in Fujairah, the world's second largest bunker port after Singapore. The investment by the
      353 words
    • 318 8  -  By CONRAD RAJ SEMBCORP Utilities, the utilities arm of mainboard listed SembCorp Industries, yesterday announced that it is expanding its industrial wastewater treatment capabilities in the Chinese cities of Nanjing and Zhangjiagang to meet increasing customer demand. China is reportedly planning to spend
      318 words
    • 326 8 Bloomberg CHINA Aviation Oil (Singapore) shares soared to a record on speculation the jet-fu-el trader may announce asset acquisitions when it releases second-quarter earnings within the next few weeks. The shares gained 35 cents, or 12 per cent, to $3.18 on
      Bloomberg  -  326 words
    • 523 8  -  By VEN SREENIVASAN SHAREHOLDERS of Ses-daq-listed Novena Holdings last week approved the sale of the company's furniture business to listed TT International. The sale leaves the Sesdaq company with over $20 million in cash and a core business now involving mainly its
      523 words
    • 534 10  -  It hopes to raise $26.4 m, through the sale of 78.6 m shares at 39 cents each Reports by MATTHEW PHAN REYPHON Agriceutical, a subsidiary of SGX-listed Sinomem Technology, is seeking to make its own debut on the local exchange. A producer of gibberellic
      ARTHUR LEE  -  534 words
    • 359 10 LAN Weiguang, chairman of Sinomem Technology, bubbles with enthusiasm when talking about subsidiary Reyphon Agriceutical. In 2004, when he bought the business. Reyphon was like "a beautiful girl with no beautiful clothes", he told reporters in Chinese. "People asked me why I bought
      359 words
    • 277 10 Reuters [SINGAPORE/HONG KONG] ARA Asset Management, which is partly owned by Hong Kong tycoon Li Ka-shing's Cheung Kong group, plans a US$2OO million Singapore listing by the end of 2007, sources said yesterday. The real estate fund management firm has appointed Credit
      Reuters  -  277 words
    • 244 10 1.06 US cents. Gross revenue for the quarter was US$8.6 million. Frasers distributable income up 13.2% FRASERS Centrepoint Trust has reported that its distributable income for the third quarter ended June 30 was up 13.2 per cent to $10.3 million, while distribution per unit was up 14.4 per
      244 words
  • Page 4 Advertisements
    • 541 4 itlr.y.FJiT&T I Keppel Telecommunications Transportation Ltd I Co Reg No: *****0115G H (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2007 I The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results H of the Group for the second
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    • 513 4 S3 PST PACIFIC SHIPPING TRUST (A business trust constituted on 28 April 2006 under the laws of ths Republic of Singapore) Managed by PST Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific Shipping Trust
      513 words

  • Page 5 Advertisements
    • 1751 5 BT ADVERTORIAL New breed accountants focus on entrepreneur-run firms RSM Chio Lim has a unique insight into the l|pPf iVi™ trials and tribulations of growing businesses, «g T being one itself and, hence, the ability to brHd help its mid-sized clients succeed KlPu RSM Chio Lim is and foreign small
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  • Page 6 Advertisements
    • 928 6 AURIC PACIFIC FINE WINES ZOOfr&i Alter Ego de Palmer JRI7 59.00 Giscours RP9I -93 68.00 Le Petit Cheval WS 85-88 $188.00 Angelus RP 92-95 $303.00 Gloria RP 89-91 42.00 Le Petit Mouton JR 17 Sold Out Ausone RP 95-97 Please Call Gratia RP 93-95 $158.00 Le Pin RP 93-96 $2050.00
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  • Page 7 Advertisements
    • 642 7 'V -sv jiff^?-^•? > --^jW 4 "V --'S J*tf "r. I -v•?*■■*:a®3s »jfc#Wßfe^y^ly^gy •?*»f! I it i a 11Tin 1 V T \Tm^^ ij^^S?^ >v''W'i^»{:^^^*rf|HH^^^H| >. ItMIMKWW TPtf\ Xp< a s* Ju x -<► i£s» t* fry As a frequent flyer, you'll have expectations that are as lofty as your
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  • Page 8 Advertisements
    • 108 8 M CALCIUM PLUS Replenish your daily calcium needs (choice of Calcium Plus, Natural Mineral, (J2HSS2SSS3 Distilled or Oxygenated Water) Drink 8 glasses of Calcium Plus to get 25% of §—f Recommended Daily Dietary Allowance* Substitute normal drinking water with Calcium Plus water in all our favourite beverages CSESSy To order,
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  • Page 9 Advertisements
    • 357 9 lOCBC Time Deposit •At a jßt sevsß^KS&.L- **3B B I WkSßb^K^So^^^^^■■omf-■, < ;-.i" iivfcjf.^«/•«;>•:• :•-"tv ■■i^SMtoi,4»4.^'WjA'\£-flb2«s£iffifo:ftti'i tm~t? Enjoy red-hot rates with our Time Deposits! Get up to 2.38% p.a. A for our 10-month S$ Time Deposit and up to 7.98% p.a. A for our 2-month Foreign Currency Time Deposit*. n
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  • Page 10 Advertisements
    • 595 10 INITIAL PUBLIC OFFERING IPO closes 30 July 2007 at 12 noon Reyphon Agriceutical Limited is a biotech company principally engaged in the production of gibberellic acids (a plant growth regulator) and validamycin (a plant antibiotic). Underpinned by our strengths in research and development ("R&D"), Reyphon is one of the largest
      595 words

  • Page 11 Advertisements
    • 595 11 frowth Potential! Ascendas India Trust (a-iTrust), seeded by four Mrrimio firnuith MnHol world-class IT parks in India, is a Singapore-based Unique brOWtn MOdei business trust that provides investors an opportunity fast-growing economy. Stable income distributions a REIT with upside growth potential of a business trust HJE||Q|PH| HHUfIyMUHH HK£j£QyjUH Geographically diversified
      595 words

  • SINGAPORE MARKETS
    • 912 12  -  CURRENCIES Bears close in on supports of 120 yen, S$1.50, RM3.40 40 rupees LARRY WEE Senior Correspondent IT has been another altogether dismal week for the US dollar, but the usually battered yen has made a valiant comeback, leading us to fear
      912 words
    • Article, Illustration
      950 12 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Unch Up Down Unth Up Down Unch Multi Ind 10 S 5 0 0 0 10 5 5 Manufacturing 105 63 58 22 17 16 127 80 74 Commerce 31 29 22 116 8 42 35 30 Tpt/Stor/Comms 18 13 12 0
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    • Article, Illustration
      762 12  -  Compiled by MATTHEW PHAN SMB United was established as a sheet metal fabricator in 1973 and has grown into a regional player in electrical switchgears and electronic meters. It has a dominant share of more than 40 per cent of the switchgear market in Singapore. SMB United benefits
      Source: Bloomberg  -  762 words
    • 562 12  -  STOCKS R SIVANITHY Senior Correspondent VOLATILITY in penny stocks, a firm session for the Straits Times Index thanks to a Monday recovery on Wall Street, and a fresh batch of "buy" reports from brokers that helped propel the counters concerned to new heights these
      562 words

  • SINGAPORE NEWS
    • 377 13  -  By ARTHUR SIM CITY Towers on Bukit Timah Road is for sale by tender with an indicative price of $458.7 million, almost double the price indicated just three months ago. An expression-of-inter-est exercise was held in April by marketing agents Knight Frank.
      377 words
    • 431 13  -  PROPERTY FOCUS It offered $268.3 m for a 99-year leasehold condo plot near Tanjong Beach By KALPANA RASHIWALA LUXURY residential developer SC Global Developments has finally made a catch at Sentosa Cove. It yesterday placed the top bid of $268.3 million $1,799.78
      431 words
    • 304 13 THE India market is not ready for Singapore water management companies, but government reforms bode well for their eventual entry. That, at least, is the sentiment expressed at a forum on urban water and environmental management held for Indian policy makers. "Our
      304 words
    • 302 13 $10m boost to push change in private, public sectors SINGAPORE is fast making a name for itself in the global dialogue about the work-life trade-off, says someone who should know. Arlene Johnson, vice-president of Work Family Directions Consulting, a firm that specialises in work-life and
      302 words
    • 252 13  -  896 m yuan project to include residential buildings, retail area By GRACE CHUA MAPLETREE Investments is to team up with Xian, China-based Seastar Sci-ence-Tech Investment Holding Group to develop an 896.2 million yuan (Ssl79 million) mixed-use project in Xian. The project consists
      252 words
    • 201 13 A PRICE survey by the Consumers Association of Singapore (Case) has found that transparency may be possibly lacking at some supermarkets. As part of its periodic surveys, Case held a price survey of about 100 common household items sold at five supermarket
      201 words
    • 284 13  -  By VINCENT WEE THE tourism industry boomed in the first six months of this year, the Singapore Tourism Board (STB) said yesterday. Tourist receipts grew 9 per cent to $6.4 billion and visitor arrivals rose 5.2 per cent rise to
      284 words
    • 351 13 THE Mice industry will be given a further fillip when its players are recognised, by way of awards, for their contributions to its development. In recognition of their roles, seven awards in four categories will be given out at the inaugural Singapore
      351 words
    • 405 13  -  Investment to focus on Wireless USB technology By AMU ROY CHOUDHURY NXP Semiconductors (NXP), an independent company founded by Philips, yesterday announced the expansion of its USB Innovation Centre in Singapore with a planned 90 million euro (S$ 187.4 million)
      405 words
    • 478 15  - 21 of owners set to exit business over next decade Influx of private equity funds prompting some to sell out By ANGELA TAN OVER the next 10 years, one out of five (21 per cent) private businesses in Singapore is expected to see a change in ownership, according to the
      478 words
    • 405 15  -  It's doing a major review of profession to draw more talent By WEE LI-EN acquire audit experience under a public accountant before seeking registration. Acra wants to know what the public thinks of these issues and other matters. One of these matters is
      405 words
  • Page 13 Advertisements
    • 249 13 UNITED OVERSEAS BANK LIMITED C6mpany Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: Name Cftfflcaf No. Wo. of Shar— Govindan Rahulan *****39-1 392 Tan Kok Ann *****66-2 8 -do- *****93-2
      249 words

  • Page 14 Advertisements
    • 118 14 -^^r'vi^tf^J''•''' -iPPHillllflHKSw &>-'.' B3HBSP® ''-»»•<&£» f n "¥if;^ |F fl Ik If J n-J^E ii p- JE^I k1 BP^ K JKmb u (Incorporated in Singapore on 2 NttcM (Company Registrallon Number Headquartered in Shanghai, the Group's business is into two main segments: Hj JHHk (1) Design and manufacture of high
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  • Page 15 Advertisements
    • 85 15 jTWTT7TWT7rTTr^7T7^?T^ Worldwide Cover up to US$2 million per annum Portable Cover Entry Age up to 74 years Cashless Inpatient Outpatient Treatment Children can be covered independently Group and Family discounts available Flexibility to choose your level of cover SPECIALISTS IN GROUP CORPORATE AND INDIVIDUAL PLANS Ask about our SME Plan
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    • 408 15 v II flu I "S ■p ft If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll
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  • ECONOMY WATCH
    • 263 16 Reuters [WASHINGTON] Other countries have surpassed the United States in cutting nominal corporate tax rates, putting American firms at a disadvantage and prompting the need for a thorough review, US Treasury Secretary Henry Paulson said on Monday. Mr Paulson, speaking on CNBC television
      Reuters; REUTERS  -  263 words
    • 421 16 Action needed to avert risk of asset bubbles, says govt think tank Reuters [BEIJING] China needs to raise interest rates further to reduce the risk of liquidity-fuelled asset bubbles, a government think tank said yesterday. The Macroeconomic Research Institute, a think tank under
      Reuters  -  421 words
    • 223 16 Reuters [BEIJING] China is making a new effort to minimise trade friction and protect the environment by curbing low-value exports in industries that guzzle energy and cause pollution. The Ministry of Commerce, confirming information provided on Monday by government officials, said it would add
      Reuters  -  223 words
  • Page 16 Advertisements
    • 1375 16 V 1 %m Indian Bank (Head Office: 66 Rajaji Salai, Chennai 600 001 India) BALANCE SHEET AS ON 31ST MARCH, 2007 (Rs in thousands) CAPITAL AND LIABILITIES Capital 829 77 00 743 82 00 Reserves and Surplus 3010 99 80 1747 57 63 Deposits ***** 90 63 ***** 52 48
      1,375 words
    • 401 16 NOTICE OF FIRST CREDITORS' MEETING VIDEOVAN ENTERTAINMENT INDUSTRIES PTE LTD (IN LIQUIDATION) Company Registration No: *****4167 C Winding Up No. 65/2007/ X Take notice that a meeting of creditors in the above matter will be held at 6 Shenton Way, #32-00 DBS Building Tower Two, Singapore *****9 on the 2nd
      401 words
    • 596 16 In the Matter of The Companies Ad, Cap. 50 And In the Matter of SEMBAWANG NOMINEES PTE LTD (Company No. *****I920W) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS Notice is hereby given that at an Extraordinary General Meeting of Sembawang Nominees Pie Ltd deemed to have been held pursuant to
      596 words
    • 462 16 State Bank of India (Incorporated in India) Corporate Centre: Mumbal 400 021., India BALANCE SHEET A3 ON 318T MARCH 2005 (uss m ooos) As on As on CAPTTAL AND LIABILITIES 31.3.2003 31.3.2004 Capital 120,311 120.386 Reserve Surplus 5,382,521 4,507,344 Deposits 83,906,167 72.881,265 Borrowings 4,385,487 3,072,301 Other liabilities provisions 11,333,612 12,702.922
      462 words
    • 601 16 An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by Management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable
      601 words

  • MALAYSIA/ INDONESIA
    • 184 17 Reuters [KUALA LUMPUR] Shares in Malaysian property company RB Land shot up 15 per cent on market expectations that its owner IJM Corp will put its property assets into RB Land as it focuses on construction, dealers said. IJM Corp, which
      Reuters  -  184 words
    • 439 17  -  Special fare offer ends today at 10pm and is for travel in Sept and Feb By PAULINE NG in Kuala Lumpur AUSTRALIAN low-cost carrier Jetstar has beaten Air Asia to the long-haul punch, launching sales yesterday for direct flights between Kuala Lumpur
      BLOOMBERG  -  439 words
    • 420 17 Book being sold at 20% discount if other items bought AP [KUALA LUMPUR] Malaysia's biggest book chains ended a Harry Potter book sales boycott yesterday that aimed to highlight how their business is threatened by grocery megastores that slash book prices. The price
      AP  -  420 words
    • 239 17 Bloomberg [JAKARTA] Indonesia plans to sell its 28.4 per cent stake in PT Bank Tabungan Pensiunan Nasional, the nation's biggest lender to pensioners, through an IPO in the third quarter this year. "Selling through an initial public offering will guarantee transparency," said
      Bloomberg  -  239 words
  • Page 17 Advertisements
    • 484 17 II State Bank of India (Incorporated in India) Corporate Centre: Mumbai 400 021., India BALANCE SHEET AS ON 31 ST MARCH 2006 (US$ in 000s) As on As on CAPITAL AND LIABILITIES 31.3.2006 31.3.2005 Capital 117,965 120,311 Reserve Surplus 6,078,177 5,382,521 Deposits 85,183,471 83,906,167 Borrowings 6,867,924 4,385,487 Other liabilities provisions'
      484 words
    • 603 17 An audit also includes assessing the accounting principles used and significant estimates made by Management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 4 The Balance Sheet and the Profit and Loss Account have been drawn up
      603 words
    • 511 17 State Bank of India (Incorporated In India) Corporate Centra: Mumbai 400 021., India BALANCE SHEET AS ON 31 ST MARCH 2007 (US$ in 000s) As on As on CAPITAL AND LIABILITIES 31.3.2007 31.3.2006 Capital 121,072 117,965 Reserves Surplus 7,078,964 6,078,177 Deposits 100,188,887 85,183,471 Borrowings 9,133,502 6,867,924 Other Liabilities and Provisions
      511 words
    • 592 17 financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. 4. The Balance Sheet and the Profit Loss Account have been drawn up in Forms A' and B' respectively of the Third Schedule to the Banking Regulation Act, 1949 and these give information as required
      592 words

  • INDIA
    • 103 18 AFP [NEWDELHI] Commuters clambering aboard a private Blueline bus here yesterday. They continued to have a difficult time for the second consecutive working day in the Indian capital as many Blueline buses stayed off the roads due to the lack of a
      AFP  -  103 words
    • 285 18 Dr Reddy's posts 31 jump in Q1 profit Sales dip 14% due to competition in US for generic drugs AP [NEW DELHI] Indian pharmaceutical major Dr Reddy's Laboratories Ltd said on Monday its profit in the most recent quarter rose 31 per cent from a year ago, despite a decline
      AP  -  285 words
    • 257 18 Communist regime to set up own chain stores; law soon to protect family-owned shops AFP [THIRUVANANTHAPURAM, India] A southern Indian state warned on Monday that it would not allow global retail giants to set up shop, saying it would operate its own chain stores
      AFP  -  257 words
    • 395 18 Reuters [MUMBAI] Not too long ago, watching a movie in India mostly meant standing in long lines for tickets to spend three hours in a stuffy hall with bug-infest-ed seats, a creaky sound system and a screen sewn up to hide holes. A ticket
      Reuters  -  395 words
  • Page 18 Advertisements
    • 293 18 For Sale by Tender Prime Residential Redevelopment Site at Dist 10 Singapore AngloChinese Girls' Pri Sch Chinese Sch (Barker Rd) >• Anglo-Chinese Sch(Pri) j y CTE/CBD [city Towers] op* Balmoral Plaza 8 <Ss The Pjnes r Newton/^, %<, MRT Sheraton Shangri-U a Towers Anglo. Hotel o Raffles Girls' Hotel 0
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  • Page 19 Advertisements
    • 1964 19 lUJ'.r.i^iLand Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2007 I Earnings from oversea, represent about 38% of ,he Group's attributable profit compared with 65% for The Directors of Keppel Land Limited announce the following
      1,964 words

  • MIDDLE EAST
    • 650 20 And it may still buy control of a US$4b European media firm, says its CEO Reuters [DUßAl] Dubai's Istithmar is working on four deals to invest up to US$2 billion and may still buy a controlling stake in a US$4 billion European media
      Reuters; REUTERS  -  650 words
    • 254 20 AFP [LONDON] The Sainsbury family will not back a takeover approach by Qatari investment group Delta Two announced last week, The Times reported yesterday. Citing an anonymous source, the daily said that the family are unhappy that the group has not provided further
      AFP  -  254 words
  • Page 20 Advertisements
    • 190 20 moldestchS A NNIVERSA^^^^^J mm I?:*£yy r? > YK I^^PP lr M ittii 1 life, live it. |j|H WV, t V -V- .f. A.-, t>?/% > r- i* *•> t i j j *y; yv *>. x ;V. Vj *~4 ..j /♦>/ A jk N -\v ,?i£ "f J j Ml
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  • GREATER CHINA
    • 508 21 Bloomberg [BEIJING] China will provide the European Union with quarterly reports on the safety of its exported consumer goods, EU Consumer Protection commissioner Meglena Kuneva said. "There can be no compromise on consumer safety," Ms Kuneva told reporters in Beijing yesterday. "In the
      Bloomberg; AFP  -  508 words
    • 309 21 They will 'soon' be allowed to increase investment abroad, says regulator Bloomberg [BEIJING] China will "soon" allow the nation's insurers to 'put more of their assets overseas to compensate for higher interest rates at home, the industry regulator said. China's central bank on July 20
      Bloomberg  -  309 words
    • 250 21 Reu ters [SHANGHAI] In a fresh sign of China's financial strength, a leap in the shares of Industrial Commercial Bank of China on Monday made it the world's biggest bank by market capitalisation, overtaking US giant Citigroup. ICBC's Shanghai-listed A shares surged
      Reu ters  -  250 words
    • 144 21 Reuters [BEIJING] China is considering limiting imports of some petrochemical equipment to help local manufacturers, the China Chemical Industry News reported yesterday, as part of Beijing's drive to promote self-sufficiency. The proposal, drafted by the National Development and Reform and Commission, set a goal
      Reuters  -  144 words
  • Page 21 Advertisements
    • 187 21 With its innovative inline 6-cylinder engine, the new Chevrolet Epica offers a superior drive. Not only does it boast class-leading torque and top speed, it's also exceptionally smooth and quiet on the road. Available in 2.5 litre and 2.0 litre, the Epica's engine delivers fuel efficient power and effortless acceleration.
      187 words

  • ASIA PACIFIC/WORLD
    • 646 22  -  Upcoming election has no direct link to selection of PM, says LDP policy chief By ANTHONY ROWLEY in Tokyo WITH just four days left to run before a pivotal Japanese parliamentary election, a senior official of the ruling Liberal Democratic Party (LDP) forecast yesterday
      646 words
    • 273 22 Reuters [MELBOURNE] Troubled Australian hedge fund Basis Capital said yesterday it has appointed US-based Blackstone Group as financial adviser to two of its funds, to help try and prevent a fire sale of its assets. Basis warned last week
      Reuters  -  273 words
    • 8383 22 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty'" 1.155/ Star Europe Bond 11%/ Star Europe Bal 1 295/ Star Astan Tiger Eqty 1 669/ Star Asia Bond 1.304/ Star Asia Balanced 1.143/ Star Global Technology Fund!** 0.243/ Mult. St Fd 1 0021 Star Asia BoncHUSD) 0 863/
      8,383 words
  • Page 22 Advertisements
    • 75 22 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. ciobai investors company regn no *****7169Z a GAIN FROM OUR PERSPECTIVE MEET DR MOBIUS JIL Tell us about your "Best Investment Experience with Franklin Templeton"
      75 words

  • WORLD
    • 429 23 Controlling family to decide this week whether to sell Dow Jones Co for US$5b Bloomberg AP [NEW YORK] Dow Jones Co's controlling Bancroft family held a "very productive" meeting on News Corp's US$5 billion buyout offer for the publisher of the Wall Street Journal, a
      Bloomberg; AP  -  429 words
    • 607 23 Reuters [CHARLESTON, South Carolina] Hillary Clinton, Barack Obama and six other Democratic presidential contenders wrestled with questions of race, war and gender on Monday in a debate starring a parade of questions posed in You Tube videos. The Democratic presidential debate
      Reuters; AFP  -  607 words
    • 471 23 Worsening results at company's newspapers raise speculation of plan's collapse AP [CHlCAGO] Billionaire real estate investor Sam Zell was viewed as a saviour in some quarters last spring when he swooped in to orchestrate an US$B.2 billion buyout offer for Tribune
      AP  -  471 words
    • 317 23 Bloomberg [NEW YORK] Five of Wall Street's biggest firms are planning a trading system for unregistered securities, seeking to compete with Goldman Sachs in a market on pace for record sales this year, according to people familiar with the plan. Citigroup,
      Bloomberg  -  317 words
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  • AVIATION
    • 455 24 Controllers' body's call follows crashes, radar outage and flight cancellations AP [SAO PAULO] The head of an international air controllers' group said Brazil should seek foreign help to fix an aviation system buffeted by two disastrous crashes, a major radar outage and
      AP  -  455 words
    • 266 24 [SYDNEY] Australia's Qantas unveiled a sleek new version of its Flying Kangaroo logo yesterday as part of a programme to modernise the airline before the arrival of a fleet of next-generation aircraft. Under the plans, Qantas will offer a new premium economy class
      AP  -  266 words
    • 2445 24 VOL Jul 24 RM C000) A M Realty 3.24 -0.06 15 AbricBhd 0.37 -0.01 235 Advance Synergy 0.36 -0.01 1097 Adventa Bhd ..1.91 unch 247 Ae Mufti Hldgs 0.33 0.01 175 Affin Holdings 2.70 0.03 5414 Ahmad Zaki Resou 4.40 -0.10 228 Aic Corp 0.59 unch 30 Airasia
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    • 437 24 Reuters [WASHINGTON] The United States has "vastly exaggerated" the amount of aid European governments have given to aircraft maker Airbus, European Union trade officials said on Monday in a brief given to reporters. "The US is now seeking to argue that the
      Reuters  -  437 words
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  • Page 24 Advertisements
  • Page 24 Miscellaneous
    • 272 24 CRYPTIC CROSSWORD ACROSS 4 Aim to get schedule in the in--7 Just send a message to Com- terval (8) monwealth general (7) 5 Still providing office materials, 8 Alarm about article hidden in they say (10) eiderdown (7) 6 Lay down slices of topside (7) 10 Control law-enforcement 9lt puts
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  • SHIPPING
    • 142 25 Reuters 1 [SHANGHAI] Chinese shipbuilder Guangzhou Shipyard International Co said yesterday that it expects a more than 450 per cent jump in its net profit in the first half compared with the same period last year. Guangzhou Shipyard, controlled by the country's biggest shipbuilder
      Reuters  -  142 words
    • 755 25  -  STRAIT TALK By DAVID HUGHES A COUPLE of weeks ago, global shipping experts met in London to tackle an extraordinarily wide range of complex technical subjects. They were attending the week-long meeting of the International Maritime Organization's (IMO) Marine Environment Protection Committee (MEPC) and
      755 words
    • 549 25 GlobalSantaFe and Transocean hope to consolidate position in booming market NYT [NEW YORKI Two of the world's top oil drilling companies, Transocean and GlobalSantaFe, said on Monday that they would merge to consolidate their position in a fast-growing market. Under the
      NYT; AFP  -  549 words
    • 438 25 Bloomberg [HONG KONG] Samsung Heavy Industries Co, the world's second-largest shipyard, reported record profit and Daewoo Shipbuilding Marine Engineering Co. the third-biggest, set an all-time high for orders on booming demand for vessels. Samsung Heavy said yesterday that net income in the
      Bloomberg  -  438 words
  • Page 25 Advertisements
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  • EDITORIAL & OPINION
    • 494 26 EDITORIAL OF late, the US dollar has been getting a drubbing on the world's foreign exchange markets. The US Federal Reserve's major currency trade-weighted dollar index, a broad measure of the currency's value, fell to 77.01 on July 20, the lowest since 1971. The greenback
      494 words
    • 1312 26  -  His ideas are useful not only for economic sphere but also other areas of societal decision-making LEON HADAR Washington Correspondent ONE of the major contributions of the renowned Austrian-British economist, political philosopher and a proponent of liberal democracy and free-market capitalism,
      REUTERS  -  1,312 words
    • 794 26  -  THE BOTTOM LINE FRANK CHING THE failure of the six-party talks last week to agree on a schedule for North Korea to declare and disable all of its nuclear programmes shows that there are major obstacles ahead, although the first
      794 words
    • 1036 27  -  It's getting harder for Beijing to deny the reason why so many Chinese products are shoddy, it's not regulation but corruption By OLIVER AUGUST ONE Chinese-made product after another has been taken off US shelves in the last four months. Lethal pet food. Toxic
      AFP  -  1,036 words
    • 282 27  -  LETTER TO THE EDITOR Paul Heng Founder NeXT Corporate Coaching Services 1 REFER to the report "Benchmarking CEO pay: efficient or unfair? (BT, July 20)" My conclusion after reading the many views expressed in both local and international media is that there
      282 words
    • 827 27  -  By SEBASTIAN MALLABY LAT-WP POLITICIANS have stopped denying climate change. Some even want to do something about it. But before reformers propose a grand plan that can't work, they should consider the story of Tecnosol, a small company in Nicaragua. Half of Nicaragua has no
      LAT-WP; REUTERS  -  827 words

  • Page 27 Advertisements
    • 71 27 Freehold Strata Commercial Space For Sale MM HEutGate 9 46 EAST COAST ROAD Enbloc Sale of 48 units (including 2 ground floor units) Strata Floor Area: 59,491 sqft 3 minutes walk to Parkway Parade Marine Parade Central Minutes drive to CBD future BFC via ECP Ample Carpark space V Sale
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  • 11067 28 SGX MAINBOARD \2-wkt T#l Last Vol Dm Last Quote Oiv Grttd Mil M Cud low C<*e Company Safe W- {'000) Myh Low Buyer S«Hler CW% M SmE JS 2 *716 HCSotaMre tuW 10 22 6 314$ 97ttOCOm— 18,5 v$ ?53i 20 18 185 19 4.7 09 25 3
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  • 6252 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in total curt mSS hi USS dy %y« %dy yr <*y %y 'um lodo Change Change Chang* Change Chang* Charqa The World Irate* Preliminary 1197 0 0 4 88 0J 92 03 11.0 t EAfE Preliminary ***** 01 81 -01 '00 0.1 119
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  • Page 29 Advertisements
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  • Page 30 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 4142 32 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 06/08 10/09 Delmas VER0NI0UE 0ELMAS 730W *****344 06/08 12/09 Delmas VERONIQUE DELMAS 730W *****344 12/08 17.-09 Delmas DELMAS CAMEROUN 731W *****344 12/06 29/09 Delmas DELMAS
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    • 455 32 ImWEKMMMMKM I VESSEL VOY PKI SIN KHI DXB BAB DMM BIK KHO IRAN BAABAEI PC L 8207 26/07 27/07 05/08 08/08 09/08 15/08 17/08 19/08 IRAN SATTARI PCLB2OB 05/08 06/08 15/08 18/08 19/08 24/08 26/08 28/08 IRAN TABATABAEI PC***** 08/08 09/08 18/08 21/08 22/08 28/08 30/08 01/09 I VESSEL VOY
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    • 446 32 HNordana (Asia) Pie Ltd EfSTST 70 SlmrtM Way, #21-03 NUriM Hwm Siegaport 0791 It NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES A»E AHIVAL DATES VKStI VOY S«win Fn—itli (ocas Island (kfetms hkd Pri Cifa| Hundbpress lE7PS f K ?7 Jul 30 Jul (HTmi blond Express
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    • 255 32 Ipj GLORY NAVIGATION GROUpI I( sma 1970 I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I REGULAR WEEKLY SERVICES: I IKAOHSIUNG A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA I SMGAKNK HUP WOOD SMPPMG
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  • MOTORING
    • 705 33  -  German premium carmaker taking over importer role on Oct 1 By SAMUEL EE QUASHING rumours about direct retail and new dealers, Audi says it will soon unveil plans for a $50 million flagship showroom in the Leng Kee area likely to be operated by
      705 words
    • 609 33  -  Sports car maker expects sales to jump this year By SAMUEL EE AFTER 10 years of restructuring, Maserati will finally be profitable by the end of this year and the Italian sports car maker's next goal is to be able to self-finance new product
      609 words
  • Page 33 Advertisements
    • 437 33 the business times How To Ensure Your LEADERSHIP Company's Peak SEMINAR SERIES Performa nee in collaboration with IBM c om p e tjtjve Positioning Get the experts' strategies in this linH Dr Marianne B'oadbem san aa. SO' :o CEOs 3-0 eve:..: tea-; -ore :i illuminating seminar. Learn the answers I
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  • EXECUTIVE MONEY
    • 994 34  -  It would only take a 1% decline in national US house prices for collateral losses to surge to more than 40% By MARK GILBERT Bundling mortgages into asset-backed bonds and then agglutinating those bonds into collateralised debt obligations (CDO) sliced into different flavours of risk
      994 words
    • 493 34  -  By GENEVIEVE CUA AMERICAN individual investors see China as the world's dominant superpower in the next decade, compared to the US, India, Germany and Russia. But only 13 per cent of individuals currently invest in international stocks and only 19 per
      REUTERS  -  493 words
    • 748 35  -  Analysts say any correction could be sharper than the 9-13% range seen between 2004 and 2007, writes GENEVIEVE CUA GENEVIEVE CUA The upward trajectory of Asian equity markets is set to continue over the next six months, but brace yourself for a
      Source: Bloomberg, Credit Suisse  -  748 words
    • 1180 36  -  Research says a simple buy-and-hold strategy on a diversified portfolio makes a better investment proposition, writes GENEVIEVE CUA GENEVIEVE CUA A DELUGE of structured funds of the protected or guaranteed variety hit the local market between 2000 and 2001 when fear of loss was at its
      1,180 words
  • Page 34 Advertisements
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    • 40 34 I B Lianhe Zaobao H ■K frftlttS I »Msrrifi I I V' I VATam JTfCTVjn JM J I l T f I I R I Singapore I I to create I I Hollywood I I of the East I IrthXtaJ
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  • Page 35 Advertisements
    • 767 35 jfffijM .AMpg^J y I Interest Amount linked to the share price performance of Shares in these companies l Singapore Exchange Limited Singapore Press Holdings Limited If SF" Capita Land Limited V Keppel Corporation Limited I J DBS Group Holdings Limited I |B£ Qver<ifia-rhinp<lfi rWrmratirtn I imitnH I Coupon up to
      767 words
    • 813 35 A rare vintage that features a reduction in the amount of investment capital 1 while returns 2 are generated and reinvested for further growth in the first 10 years of the Fund Benefit from guaranteed capital repayments of 10% of Initial Issue Price per Share (SCD1.0000) annually for the first
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  • Page 36 Advertisements
    • 128 36 OUTLOOK Asia stocks may face setback after 6 mths Page 35 Pure pedigree. The new Audi TT Roadster. When it comes to dynamic performance, inspiring design and sophisticated technology, Audi constantly redefines the standard. With our renowned motorsport heritage and philosophy of progressive thinking constantly guiding us, it's all but
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