The Business Times, 20 June 2008

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Microfilm: NL29386
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    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, June 20,2008
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  • Article
    Lock icon Developers get more wriggle room with H2 land sales
    895 1  -  KALPANA RASHIWALA Latest slate sees sharp cut in supply from confirmed list, while that from the reserve list is up By [SINGAPORE] The government yesterday effectively delivered a sharp cut in state land sales that should give some relief to the
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  • Article
    Lock icon Tharman joins global think-tank on financial, monetary matters
    340 1 G3O boasts a select global network of eminent names [SINGAPORE] Finance Minister Tharman Shanmugaratnam has accepted membership of the Group of Thirty, a select global network of eminent names in monetary matters. He was among three new members welcomed into the group
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 1 COMP 1,196.39 -16.20 IIKKEI225 14,130.17 -322.65 1ANG SENG 22,797.61 -528.19 ;et index 742.46 -23.28 JAKARTA COMP 2,373.06 +8.48 1ANILA COMP 2,592.59 -35.61 ;eoulcomp 1,740.72 -33.41 ;henzhenb 466.98 -26.18 IUMBAI IND 15,087.99 -334.32 12N00N EDT Cham )OW 12,006.42 -22.64 IASDAI 2,433.39 +3.68
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.482 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.78 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.369 (US$/S$ per 1.962 2.686 iURO (US$/S$/E) 1.554 2.127 'EN 107.50 78.50 3.264 2.384 IK$ 7.808 5.703 !AHT 33.43 24.42 lUPIAH 9,290 6,786 lENMINBI 6.876 5.023 INDIAN RUPEE 42.96 31.38 1.056 0.771 IZ$ 1.320 0.964
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      37 1 ffr HI Remaking ÜBS Chairman Peter Kurer on how he plans to rebuild the bank 8 *****1 *****4 W^r CHRONOME" ■I 1 'j %^^B > HOPA R D I X |F^^^ ff^g^H fURISMO XL fc^^l^^—l B|l^^^3EW *****13-^^ if
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 MARKETS SPOTLIGHT LfIHU ARTS FEST BE INSPIRED I —I Fund managers gloomiest SINGAPORE Foolishness, ignorance Zap for daily inspiration. on equities in 10 years Trade mission with an portrayed in dance WinapairofZegna page 2 arts element page 10 Fi pages 29 sunglasses! pages I—l EXECUTIVE LIFESTYLE Young parents turn entrepreneurs
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  • TOP STORIES
    • Article
      Lock icon Fund managers gloomiest on equities in 10 yrs
      613 2  -  LYNETTE KHOO Many now wonder whether monetary policy has become too stimulative By [SINGAPORE] Fund managers' view of global equities has nosedived to a decade low as fears of stagflation heighten, according to the latest Merrill Lynch Survey of Fund Managers. The
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    • Article
      Lock icon Net income at S'pore banks seen rising
      587 2  -  CONRAD TAN But 2009 could be tough as economy slows, exports fall, predicts Moody's By [SINGAPORE] The three Sin-gapore-listed banks should still see growth in net income this year as they pass on higher costs to customers, but could struggle to show growth
      587 words
    • Article, Illustration
      Lock icon Barisan Nasional decides not to act against SAPP
      428 2  -  S JAYASANKARAN Emergency meeting yields pledge of support for Abdullah By in Kuala Lumpur IN a surprising development, Malaysia's ruling Barisan Nasional (BN) coalition has decided "not to take any action" against the tiny Sabah Progressive Party (SAPP) which had declared no
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Choice GLS sites may still draw interest
        55 2 THE Government Land Sales programme for H2 2008 has been released, with several new choice sites identified, including those at Dakota Crescent and Serangoon Avenue 3. And with land prices expected to be more attractive, the momentum of land sales could still be
        55 words
      • Article
        Lock icon Sinwa CEO, exec director in CAD probe
        56 2 SINWA Limited chairman and chief executive officer Sim Yong Teng and executive director Tan Lay Ling are assisting the Commercial Affairs Department in its investigations relating to dealing in Sinwa shares. BT understands that some brokers have also been called up to help
        56 words
      • Article
        Lock icon CDL sells Commerce Point at $2,200 psf
        53 2 CITY Developments Ltd is believed to have sold the 19-storey Commerce Point near Raffles Place MRT Station for about $181 million or $2,200 psf of net lettable area. The buyer is said to be Morley Fund Management, part of the Aviva group. COMPANY
        53 words
      • Article
        Lock icon China Fibretech in 133.65m share IPO
        53 2 CHINA Fibretech yesterday launched an initial public offering to raise net proceeds of about $16.3 million for the company. It is offering 133.65 million shares comprising 89.1 million new shares and 44.55 million vendor shares at 21 cents apiece for a mainboard listing. COMPANY
        53 words
      • Article
        Lock icon Tough to woo talent in finance sector
        53 2 THE financial sector will have to fight even harder to attract top talent as new industries take root in Singapore, a consultant said yesterday. Knowledge industries such as software development and biotechnology will compete with the sector, said PricewaterhouseCoopers partner Ron Collard. SINGAPORE
        53 words
      • Article
        Lock icon Food crisis may sink free trade talks
        66 2 FREE trade policies are losing favour as countries in Africa, Asia and Latin America find that they cannot buy enough food to feed their people. Global food prices have spiked 60 per cent since the beginning of last year, sparking riots in more
        66 words
      • Article
        Lock icon China stocks plunge 6.5%
        37 2 CHINESE share prices plummeted more than 6.5 per cent yesterday as investors rushed to sell amid fears of a further deep correction on the volatile Shanghai market, dealers said. GREATER CHINA, PAGE 15
        37 words
      • Article
        Lock icon Paulson to call for new Fed power
        65 2 Treasury Secretary Henry Paulson yesterday planned to call for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms so as to protect the financial system, adapting his vision of how the financial world should
        65 words
    • Article
      Lock icon Choice GLS sites could still generate interest
      1499 3  -  ARTHUR SIM Market conditions may lead to more developers bidding 'opportunistically', says Chesterton By [SINGAPORE] The Government Land Sales (GLS) programme for H2 2008 has been released, with several new choice sites identified, including those at Dakota Crescent and Serangoon Avenue 3. And
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  • Page 2 Advertisements
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      477 2 THE MONETARY AUTHORITY OF SINGAPORE TENOR APPROXIMATELY 7 YEARS TOTAL AMOUNT OFFERED SGD 1,400,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT SGD 700,000,000 (NON-COMPETITIVE) ISSUE CODE N7OBIOOS ISINCODE 5G7P*****175 ISSUE DATE/SETTLEMENT DATE 1 JULY 2008 MATURITY DATE* 1 JULY 2015 COUPON RATE TO BE DETERMINED BASED ON THE CUT-OFF
      477 words
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      Lock icon Page 2 Advertisements Column 2
      73 2 Live the Ultimate. Own the world's Ultimate l! Home Entertainments Lifestyle Technologies i Jw"a| Tj c* F*T3 ".~J~"^| custom-engineered to the aspirations *^^^(i^Bl II f $lfi£3 M I of your ultimate lifestyle. IJ* KjP. J MKJIS{iH I Live the Ultimate.™ -.w;--.- I1|"V"P < -Sh B_ Ong Radio Internationa] Ong AY
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      54 3 ZM\ BfiS&SAßirw —Til—lL^ I frTTTTTi J-" m^w BsJ HEm ggßyw BBaS-M j»."?s;a sg B' Bii'j^ «A§^ Kp33E?*llPß^DH#rl PI 1— i I L-^^m MfHT^nMaMi IJ" -HnIfIBVJHEM9 S^MffTJ^E 5E b i f& EiH] ii ill jflH I p iSmauom naKßi^K3^m=^-^ r-JT^y^^^ffTT^^^^i fnP™ fT "irwSTlP*'*."Hrr*l S^Siiiti > k-UmßteaaCa FJH=^f^ 11^^ a "s; Finn
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI dives 1.6% in regional sell-off
      547 4  -  CONRAD TAN STOCKS Concerns include rising inflation, slower growth and adverse financial news STOCKS here and elsewhere in Asia tumbled yesterday in a broad sell-off on a combination of worries over central banks' likely response to soaring inflation, slowing economic growth and persistent bad
      Bloomberg  -  547 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 12 4 0 0 0 1 12 4 lanufacturing 37 76 59 15 44 84 74 Commerce 10 30 20 12 35 26 'pt/Stor/Comms 20 10 21 11 :inance 23 23 Construction 10 12 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24.812 24.812 121.790 121.790 lanufacturing 262.306 25.928 288.234 221.662 1.417 223.080 Commerce 29.863 35.107 64.970 53.875 13.620 67.496 "pt/Stor/Comms 94.653 900 95.553 249.541 320 249.861 :i nance 28.696 236 28.932 290.255 56 290.310 Construction 21.339 19.734 41.073 4.586 959
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      100 4 lapitaLand 5.720 -0.120 lapitaMall 3.090 -0.020 jtyDev 10.280 -0.380 losco Corp 3.370 -0.060 IBS Grp 19.240 -0.300 :&N 4.440 -0.090 Sent Intl 0.595 -0.005 IK Land 4.250 ISH 17.320 -0.140 lardineC&C 16.700 -0.300 Ceppel Corp 11.260 -0.220 Ceppel Land 5.130 -0.020 IOL 3.270 -0.090 loble Grp
      100 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      878 4  -  LYNETTE KHOO 01am International June 19 close: 552.58 DMG Partners Securities, June 19 Share price ORGANIC and inorganic expansion: 01am, a leading global supply chain manager with operations in 56 countries, has recorded a historical three-year net profit CAGR of 31 per cent. This has come on the
      Bloomberg  -  878 words
    • Article, Illustration
      Lock icon Asian units stable, yuan hits new high
      469 4 Reuters CURRENCIES [SINGAPORE] Most Asian currencies were steady to weaker yesterday as investors treaded cautiously following rising concerns about global growth, even as the dollar weakened against major currencies. The US dollar fell against the yen and euro on scepticism that the Federal
      Reuters; REUTERS  -  469 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      48 4 CLOSE -1035.00-157.0C IT OB/OS IT CADI -*****.00-152.O IT 10-day MA -*****.00-103.O TSE ST Mid Cap 741.86 -10.0. TSE ST Small Cap 636.87 -6.1 TSE ST All Share 760.66 -11.1 TSE ST China 440.79 -7.9! OB Catalist 145.14 -0.5. IMSCI 366.57 -6.1 IMSCI Futures 365.90 -6.9i
      48 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 4 VOLUME China Honqxinq 50,421,000 Ocean us 32,698,000 Golden Agri 29,153,000 AsiaTiqer R 27,000,000 CoscoCorpDßeCWoBo929 23,335,000 Sing Tel 22,569,000 ChinaNTown 18,305,000 Synear 17,743,000 Vashion 16,626,000 Suntecßeit 15,486,000 VALUE(S) DBS Grp 92,312,105 UOB 91,787,522 Sing Tel 83,624,680 Keppel Corp 67,869,764 OCBC Bk 49,739,606 SGX 49,150,794 Capita Land 48,928,979 ST
      59 words
    • Article
      Lock icon RISES
      101 4 CLOSE UP LP 10US$ 8812 84.8 0.7 'aiwa FT Shariah Ja 990 16.4 1.. ndo, 270 10.0 3.: ICBCCai !.93%Pref10 9890 10.0 0.1 itar Hub 281 10.0 3. il Fund 166 6.0 3.: Sembawani 900 5.0 0.' TasersCT 122 5.0 4. Cmdtr 10US$ 442 4.1 0. .scendasreit 224 4.0
      101 words
    • Article
      Lock icon FALLS
      114 4 CLOSE DOWN IMH 2946-125.9 -3.0 China H 10US$ 1596 -53.4 -2.4 UOB 1892 -46.0 -2.4 It 1028 -38.0 -3.6 India Ni 10 1444 -36.0 -2.4 DBS MBLJCW*****0 561 -34.0 -5.7 DBS Gri 1924 -30.0 -1.5 lardine C&C 1670 -30.0 -1.8 I A 1482 -28.0 -1.9 UOBMBLiCW*****0 575 -28.0 -4.6
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    • Article
      Lock icon CURRENCIES
      82 4 Where S! stands Jun 19 %CHNG CLOSE FRJun18 YR2008 S$ LOW S$ HIGH uss 1.3708 -0.09 1.4542 1.3457 Euro 2.1231 -0.07 2.2064 2.0474 Pounds 2.6968 -0.87 2.8431 2.6568 1.2973 -0.62 1.3235 1.2349 'en* 1.2714 -0.51 1.4484 1.2641 Rupiah* 0.***** -0.03 0.***** 0.***** Baht* 4.1042 0.30 4.4299 4.0750 Peso* 3.0818
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      Lock icon Page 5 Advertisements Column 1
      175 5 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office Global Custody 1U V Investor Services IX r| \C^ f Asset Management lf\ f^ f^ f^ Investment Funds 111 \V_^ LI I V_^ V_^ _____________P J ___________________M___P^S^_______________L B&. _A_^H_fl_______________________________l_____L )L _^________^__________________________________H _L_HH^_HH__H_^_^_^H^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_Hl_HP'M^_i^_^D I yj| L_^_M
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sinwa duo helping in CAD probe
      373 6  -  NISHA RAMCHANDANI Firm says CEO and a director assisting in share dealing investigations By SINWA Ltd, which provides marine logistics services to the oil and gas maritime industries, announced yesterday that its chairman and chief executive officer Sim Yong Teng and executive director Tan
      373 words
    • Article, Illustration
      Lock icon Rotary Engg bags 2 projects worth $102m
      354 6  -  YEN SREENIVASAN By ROTARY Engineering has clinched two Jurong Island petrochemical terminal projects worth a total of $102 million. The mainboard-listed company said yesterday it has won a $60.1 million contract from Oiltanking Odfjell Terminal Singapore to design and build a 60,000 cubic
      354 words
    • Article
      Lock icon Rotary on players' radar screens
      744 6  -  YEN SREENIVASAN THE soaring demand for and price of oil has turned out to be the biggest challenge facing many companies in recent memory. But challenges for some can be opportunities for others. Mainboard-listed Rotary Engineering is a case in point. The company is one
      744 words
    • Article, Illustration
      Lock icon CDL sells Commerce Point for $2,200 psf
      427 8  -  KALPANA RASHIWALA Morley Fund Management said to be paying $181 m for 19-storey building By CITY Developments Ltd (CDL) is believed to have sold the 19-storey Commerce Point near Raffles Place MRT Station for about $181 million or $2,200 psf of net lettable
      JOHN HENG  -  427 words
    • Article
      Lock icon iPhone deal may be non-exclusive
      357 8  -  WINSTON CHAI By A NEW job posting by Apple Computer lends further weight to the possibility that its coveted iPhone could be sold across SingTel, Star Hub and Ml shops in Singapore. The computer maker is currently looking to fill the position for an "iPhone
      357 words
    • Article
      Lock icon Cerebos eyes winning brew in young market
      462 8  -  TEH HOOI LING By HAVING focused and succeeded in boosting its bottom line in the past three years, tonic specialist Cerebos Pacific is now training its sight on growing the top line at 20 per cent a year in the next three years,
      462 words
    • Article
      Lock icon China Fibretech to raise $16.3m from IPO
      354 9  -  LYNETTE KHOO Firm offers shares at 21 cents apiece for listing on mainboard By IN A move to expedite its growth and gain market visibility, China Fibretech yesterday launched an initial public offering to raise net proceeds of about $16.3 million for the
      354 words
    • Article
      Lock icon Parkway shares slide on earnings dilution fears
      281 9 PARKWAY Holdings shares took a hit yesterday amid renewed reports that Malaysia's sovereign wealth fund Khazanah Nasional plans to borrow $1 billion to raise its stake in the Singaporebased healthcare group. The fear in the market was that any issue of new shares
      281 words
    • Article
      Lock icon New Barclays fund tracks top investors
      470 9  -  JAMIE LEE Legends Fund to hold assets helmed by Buffett, Rogers By BARCLAYS has introduced a new retail fund that invests in asset classes owned by the likes of Warren Buffett, Mark Mobius and Jim Rogers. The Investment Legends Fund puts a hefty 40
      470 words
    • Article
      Lock icon Bread Talk to open 100 Carl's Jr outlets in China
      298 9  -  OH BOON PING By BREADTALK Group is making further inroads in China with an new agreement to open 100 Carl's Jr restaurants there by March 2016. Under the commitment agreement inked by Bread Talk, Aspac F&B International, their joint venture
      298 words
    • COMPANY BRIEFS
      • Article
        Lock icon ComfortDelGro in share swap
        140 9 COMFORTDELGRO Corporation has entered into a share swap deal which will raise its stake in Cabcharge Australia from 5 per cent to 7.46 per cent and also result in an exceptional gain of $26.5 million for the Singapore-based transport group. Cabcharge is a listed Australian financial
        140 words
      • Article
        Lock icon Sing Lun to be delisted
        36 9 SING Lun Holdings will be delisted from the Singapore Exchange (SGX) today. The company has become a wholly-owned subsidiary of Vega Company following an offer and completion of a compulsory acquisition.
        36 words
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      Lock icon Page 6 Advertisements Column 1
      45 6 The OASIS Companies High Yield lYajor Track Record W c Are Looking For A Partner www.oasisroi.com OASISASIA International Ltd v^j 32 1 a h B M I I I I BU BeSSJW^B BBPfewli BmH^nSlsl 114 &15 AUGUST 2008 Wjmm BBu the ritz-carlton, millenia I SINGAPORE
      45 words
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  • Page 7 Advertisements
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      33 7 Covering each corner of the world, we meet your logistics needs. Thanks to our flexibility, we provide you worldwide adapted <sf M logistics solutions. J J Air Freight Sea Freight Road Customs Logistics
      33 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      2975 8 GRAND BANKS YACHTS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****1189E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at ONE°IS Marina Club #01-01,11 Cova Drive, Santosa Cova, Singapore *****7 on Monday, 14 July 2008
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  • Page 9 Advertisements
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      97 9 Of course you can take your Morrissey Pyjamas with you after the flight. Unfortunately your Skybed has to be left behind. Introducing Morrissey pyjamas in International Business. #We can't warm them on the heater like your mum used to, but we'll make sure you feel special anyway. Peter Morrissey designed
      97 words
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  • SPOTLIGHT SINGAPORE
    • Article, Illustration
      Lock icon Break the ice, do business in Russia
      1662 10 Spotlight Singapore in Moscow, by the Arts House, is a trade mission with an arts and cultural element, reports CHEAH UI-HOON BUSINESSMAN Gerard Goon got a "cold" reception when he knocked on doors of Moscow businesses in the F&B industry recently. Since he
      ALAN LIM/THE STRAITS TIMES  -  1,662 words
    • Article
      Lock icon Steps taken to stimulate foreign investment
      420 10  -  CHEAH UI-HOON SINGAPORE businesses looking to expand to Russia should be able to benefit from the conclusion of double taxation and investment guarantee agreements between the two countries soon, according to Ted Tan, deputy CEO of IE Singapore. "They're now before the Russian parliament
      420 words
    • Article, Illustration
      Lock icon Emotive duet highlights melding of two cultures
      569 10  -  CHEAH UI-HOON By IT seems logical enough to pair the violin and the erhu both being stringed instruments but it's rarely done. Rarely done anyway, to good effect. In Generation/s however, a multi-cultural mu-sic-theatre work that was performed in Moscow, the emotive duet
      ALAN LIM/THE STRAITS TIMES  -  569 words
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  • SINGAPORE NEWS
    • Article
      Lock icon New challenges for finance headhunters
      338 11  -  CHOW PENN NEE IT and biotech sectors join battle for brains; Gen V poses new challenge By THE financial sector will have to fight even harder to attract top talent as new industries take root in Singapore, a top consultant said yesterday. Knowledge industries such
      338 words
    • Article
      Lock icon German firm eyes surge in 300-mm wafer demand
      407 11  -  OH BOON PING By GERMANY'S Wacker Chemie AG sees growing demand for chips as well as rapid growth in the 300-mm wafer segment. A broad variety of industry and consumer applications will fuel semiconductor demand, said its chief executive officer Rudolf Staudigl
      407 words
    • Article
      Lock icon Asean agrees on digital set-top box standards
      290 11  -  CHOW PENN NEE By LOWER prices of digital set-top boxes could be in the offing, as seven Asean countries agree on a common set of standards for these boxes for the Asean region. The 6th Asean Digital Broadcasting (ADB) Meeting yesterday saw 60
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon S'pore Blog Awards sees big response
        34 11 THE Singapore Blog Awards organised by Singapore Press Holdings web portal omy.sg have attracted more than 1,000 registered blogs. The finalists will now be announced on June 30.
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      • Article
        Lock icon Dutch Chamber of Commerce launched
        43 11 A GROUP of companies from The Netherlands launched the Dutch Chamber of Commerce yesterday. Peter Ong, permanent secretary at the Ministry of Trade and Industry and chairman of the Maritime and Port Authority, was the guest of honour.
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      • Article
        Lock icon Foundation gives out scholarships
        21 11 THE inaugural National Research Foundation (Clean Energy) PhD Scholarships were awarded yesterday by foundation chairman Tony Tan.
        21 words
      • Article
        Lock icon Egyptian minister visits S'pore
        23 11 EGYPT'S Communications and Information Technology Minister Tarek Kamel called on Information, Communications and Arts Minister Lee Boon Yang yesterday.
        23 words
    • Article, Illustration
      Lock icon Work begins on $130m Woodsville Interchange
      400 11  -  SAMUEL EE To be completed in 2011, it has flyover and 3 road tunnels By CONSTRUCTION of the $130 million Woodsville Interchange began yesterday with a groundbreaking ceremony at Serangoon Road near the former Serangoon fire station. The new interchange is the largest and
      400 words
    • Article
      Lock icon Building consultancies win more overseas deals
      227 11  -  CHEW XIANG By SINGAPORE construction consultancies won 406 projects overseas last year, up from 360 in 2006, according to a survey by the Building and Construction Authority. BCA said that following a decline in 2006, China regained top spot as the largest overseas market,
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  • ECONOMY WATCH
    • Article
      Lock icon Food crisis may sink free trade talks
      673 12 Bloomberg Rising prices forcing return of tariffs, subsidies as nations seek food security [WASHINGTON] Free trade policies long advanced by World Bank president Robert Zoellick and US President George W Bush are losing favour as countries in Africa, Asia and Latin America find
      Bloomberg  -  673 words
    • Article
      Lock icon Inflation bigger threat to Asean growth than US slump
      531 12  -  CONRAD TAN Central banks forced to change direction to combat it: Moody's By [SINGAPORE] Soaring inflation and the response it triggers from central banks is a greater threat to economic growth in Asia than the downturn in the US, a senior
      531 words
    • Article, Illustration
      Lock icon Time for ECB to review interest rates
      345 12 Reuters [FRANKFURT] Euro zone inflation is intolerably high and now is an appropriate point to review interest rates, European Central Bank (ECB) executive board member Juergen Stark said. "The current annual inflation rate in the euro zone of 3.7 per cent in May
      ■ Reuters  -  345 words
    • Article
      Lock icon Japan business pessimism spreads: Reuters poll
      212 12 Reuters [TOKYO] Confidence among Japanese manufacturers remained stuck at a five-year low this month and non-manufacturers turned pessimistic, a Reuters survey showed, signalling that gloom was spreading across the economy. Sentiment in the service sector turned negative for the first time in more than
      Reuters  -  212 words
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      Lock icon Page 12 Advertisements Column 1
      2265 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ©AND MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. HEAD OFFICE: No. 123, Sec. 2, Jhong-siao E. Road, Taipei *****, Taiwan Tel: (02)2563 3156 Fax: (02)2356 8936 Reg'No 200M*****G Singapore Branch: 80 Raffles Place #23-20 UOB Plaza II Singapore *****4 Tel: (65)6227 7667
      2,265 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Exclusive development coming up in KL suburb
      579 13  -  PAULINE NG Zephyr Point, being built by ex-AP Land MD Jeffrey Ng, could fetch RMI,OOO psf By in Kuala Lumpur AN increasing number of developers are building for the "multi-millionaire market". And Jeffrey Ng, after more than two decades in property, has decided
      579 words
    • Article
      Lock icon Growth set to reach 6% in 2009: World Bank
      418 13 Bernama [BANGKOK] Malaysia's gross domestic product (GDP) is expected to rise to 6 per cent in 2009, the World Bank said. In its Global Development Finance 2008 report, the World Bank, however, said that growth for this year was expected to
      Bernama  -  418 words
    • Article, Illustration
      Lock icon Telkomsel, Qatar Telecom in Mid-East venture talks
      415 13 Reuters, AFP [SINGAPORE/JAKARTA] Indonesia's top mobile firm, PT Telekomunikasi Selular (Telkomsel) said yesterday that it was in talks with Qatar Telecom to start new businesses in the Middle East. "For the new business, especially the transaction business, we have our cooperation with Qatar
      Reuters, AFP; _1 AFP  -  415 words
    • Article
      Lock icon BURSA MALAYSIA
      2248 13 lun 19 RM COOO) ASM Realty 0.60 \bric Bhd 0.14 advance Synergy 0.10 AdventaBhd 1.17 AeMuIti Hldgs 0.24 Win Holdings 1.85 Ahmad Zaki Resou 0.74 Aic Corp 0.51 \irasia Bhd 0.88 Akn Technology 0.44 alliance Financi 2.75 aluminium Co 1.01 Amalgamated Ind 0.45 Ammb Hldgs Bhd 3.28 Amtel
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  • GREATER CHINA
    • Article
      Lock icon Beijing defends Japan sea gas agreement
      387 14 Reuters Pact is 'transitional' and does not harm China's sovereignty, says Chinese official [BEIJING] A sea gas pact between China and Japan was a "transitional" one that did not compromise national sovereignty, a senior Chinese diplomat said yesterday, defending the deal against stirrings of
      ■ Reuters  -  387 words
    • Article
      Lock icon World Bank expects China growth to slow down
      233 14 AFP [BEIJING] The World Bank yesterday said that it expected China's economic growth to fall to a single digit in 2008 for the first time in six years, while inflation would be higher than previously forecast. "China's economic growth has moderated to
      AFP  -  233 words
    • Article, Illustration
      Lock icon China's cheap fuel underpins global spike in oil prices
      670 14 -AFP [BEIJING] To find out why global crude prices are at historic highs, look no further than Christina Lv and her silver Honda Odyssey. A beneficiary of China's artificially cheap gasoline, she drives as though the world's energy resources are limitless.
      -AFP; AFP  -  670 words
    • Article
      Lock icon Petrol, diesel prices go up by 1,000 yuan
      263 14 Reuters, AP [NEW YORK] China will increase retail petrol and diesel prices by 1,000 yuan (*****.2) per tonne from today, the first increase in eight months, to help refiners recoup losses in the face of near US$l4O crude oil prices, two industry
      – Reuters, AP  -  263 words
    • Article
      Lock icon China stocks plunge 6.5% as investors rush to sell
      477 15 -AFP Oil refiners, steel producers worst hit; along with financial firms, developers [SHANGHAI] Chinese share prices plummeted more than 6.5 per cent yesterday as investors rushed to sell amid fears of a further deep correction on the volatile Shanghai market, dealers
      -AFP  -  477 words
    • Article
      Lock icon Capital inflow may overwhelm Beijing's monetary policy
      262 15 Bloomberg [BEIJING] China's monetary policy may be overwhelmed by inflows of speculative capital if it does not allow greater exchange rate flexibility, the World Bank said. "China is too large an economy not to have an independent monetary policy," Louis Kuijs, acting chief
      Bloomberg  -  262 words
    • Article, Illustration
      Lock icon US, China agree to start investment treaty talks
      418 15 -AP [WASHINGTON] The United States and China, concluding high-level economic talks, agreed to launch negotiations on an investment treaty that holds out the promise of greatly expanded opportunities for US companies in China's vast market. The two countries also pledged greater cooperation
      -AP; REUTERS  -  418 words
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      257 14 jjg^ Q3iS BBS B yjjQgi tj£Trl /~j rgni I |£ULevel4) gia _f_ o I .4H.E 11 J| „.D T CafeVhndK) Family Celebrations ilih^i +sc,at-au-uou-can Captain s Jable r 7 j> ■VPWIH|PfvHpPMMWpP'III Lhoosejiom 30 itemspA dim in only .^^j* v»#w»w»» J?Tfflßffr!tfff»Hß 122. SO++ Ckildlen: $12.80++ f H f/nmmum 2 persons Weekdays:
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      238 15 LUAUKY ■iililiJ P C^S! p* iMPBMi II finally, the definitive answer to anyone who's ever wondered c\\CG what exactly constitutes Swiss cuisine? VJ Feast on a buffet of Swiss and international favourites including, S* Swiss breads such as Rye Buerli, Walnut, Zurcher Loaf, Sundried Ji Tomato Focaccia, a hot selection
      238 words
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  • INDIA
    • Article, Illustration
      Lock icon Small cars rev up big debate on how green they are
      618 16 Reuters [MUMBAI] Shweta Kumari is waiting impatiently for Tata Motors' new Nano to hit Mumbai's car showrooms later this year. With a price tag of 100,000 rupees (553,190), the Nano will cost about half the price of the cheapest
      Reuters; REUTERS  -  618 words
    • Article
      Lock icon Indian equity fund inflows plunge as euphoria fades
      451 16 Reuters May's 48b rupees and April's 45.9b rupees a mere drop of Ql's449b rupees [MUMBAI] Investors are shying away from Indian equity funds as a sustained slump in the stock market wipes out a major chunk of their stunning gains in 2007,
      Reuters  -  451 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8513 16 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.179/ AIGIF Spore Bond Fund/ A 1.315/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.99/ APS Alpha Fund (USD) 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9616/ APS Komaba
      8,513 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Paulson to call for new Fed power to intervene in Wall St
      750 17 LATWP, Bloomberg, AP He wants authority to demand data from institutions in anticipating threats [WASHINGTON] Treasury Secretary Henry Paulson yesterday planned to call for the Federal Reserve to be given new, explicit powers to intervene in the workings
      – LATWP, Bloomberg, AP; AP  -  750 words
    • Article
      Lock icon Japan cautious on using SWFs for pension, reserves
      484 17 Reuters Concerns over risks, impacts on currency, bond markets [TOKYO] Japan should set up a sovereign wealth fund to manage its pension funds more effectively, but it must take its time to debate whether to use the scheme to manage part of
      Reuters  -  484 words
    • Article
      Lock icon Credit crisis losses 'may reach US$1.3t'
      467 17 Bloomberg [MONACO] John Paulson, founder of the hedge fund company Paulson Co, said global writedowns and losses from the credit crisis may reach US$l.3 trillion, exceeding the International Monetary Fund's US$945 billion estimate. "We're only about a third of the way through the writedowns,"
      Bloomberg  -  467 words
    • Article
      Lock icon Leading economic indicators index up
      334 17 Reuters LATEST US DATA [WASHINGTON] The US economy is weak, but it has so far avoided a recession and may even turn around early next year, according to a key forecasting gauge that rose unexpectedly for the second straight month in May. The private Conference
      Reuters  -  334 words
    • Article
      Lock icon Lawmakers vow to fight InBev offer for Anheuser
      406 17 -Reuters [WASHINGTON] Some US lawmakers ramped up their effort to thwart Belgian brewer Inßev NY's U5546.3 billion offer for An-heuser-Busch Cos saying on Wednesday that it would lead to US job losses and destroy an American icon. After meeting with InBey's chief
      -Reuters  -  406 words
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      65 17 aY I Space J^^^Hk I^m^^ mj^L A^p^H k I^^^V East ___H <3^!!_^_f mW wm< m I -.-.-..--------------I contemporary _____________^^^P^^J L A Space Showroom mWm m M ___L m% I Millenia Walk, 2 -fly k II 9 Raff|es %Qp V ™1 Singapore *****6 <, ifc S^C£ a/e ency S p Q
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  • AVIATION
    • Article, Illustration
      Lock icon More bad news for EADS as Boeing wins air tanker appeal
      802 18 Reuters It is reeling from over-reliance on Airbus, management feuds, weak US$ [PARIS] Boeing's success in appealing a US air tanker deal completed a triple whammy for Europe's EADS on a day when its domestic legal woes deepened and
      Reuters  -  802 words
    • Article
      Lock icon Airbus will ramp up production as planned
      220 18 Bloomberg [LONDON] Airbus SAS, the world's largest maker of commercial planes, said that it will continue to increase production even as airlines under pressure from high oil prices may defer or cancel aircraft orders. Airbus is ramping up production rates until it can
      Bloomberg  -  220 words
    • Article
      Lock icon Airport slots auction plan opposed
      240 18 Bloomberg [WASHINGTON] Auctions for takeoff and landing slots at New York-area airports would be blocked under plans by US lawmakers such as Senator Charles Schumer, who called them "ideological". The federal auction proposal for New York's LaGuardia and Kennedy and Newark, New Jersey's Liberty is
      – Bloomberg  -  240 words
    • Article
      Lock icon Southwest, JetBlue see higher fares with fuel hike
      452 18 Bloomberg [DALLAS] Southwest Airlines Co, the biggest lowfare carrier, on Wednesday forecast more price increases while fellow discounter Jetßlue Airways Corp said it may shift away from all-coach cabins to boost revenue as fuel bills surge. The moves underscore how fuel spending
      – Bloomberg  -  452 words
    • Article
      Lock icon SEC sues 5 over insider trading in buyout deal
      132 18 Bloomberg [WASHINGTON] The US Securities and Exchange Commission (SEC) sued five men on claims they engaged in unlawful insider trading ahead of Boeing Co's acquisition of Dallas-based parts distributor Aviall Inc. Aviall employee Robert Tedder obtained "material, nonpublic information" before the
      Bloomberg  -  132 words
    • Article
      Lock icon Tokyo, Delhi in flight deal
      68 18 Bloomberg [TOKYO] Japan, the world's third-largest aviation market, and India agreed to double the number of flight slots between the two counties to 42 a week as Tokyo's Narita airport adds capacity in 2010. India will be able to increase Narita flights to 14 a
      Bloomberg  -  68 words
    • Article
      Lock icon SIA in tie-up with Saudi Arabian Air
      184 18  -  NISHA RAMCHANDANI By [SINGAPORE] Singapore Airlines (SIA) has signed a memorandum of understanding for marketing cooperation with Saudi Arabian Airlines, aimed at seeking new business opportunities, improving airline efficiency as well as delivering an enhanced customer experience. The non-binding MOU's primary focus will
      184 words
    • Article
      Lock icon Qantas engineers plan strikes over pay dispute
      169 18 -AP [SYDNEY] Qantas engineers are planning a series of rolling strikes in Australian cities next week as part of a continuing pay dispute with the airline, a newspaper reported yesterday. The strike repeats the one last month that forced the airline to cancel
      -AP  -  169 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2541 18 AIRLINE CODES: AA: American Airlines (AAL), 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 Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,541 words
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  • SHIPPING
    • Article
      Lock icon Lack of ships curtailing deepwater drilling
      720 19 NYT Rig shortage means slow oil supply growth despite new oil discoveries [NEW YORK] As President George Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deepwater offshore drilling promises
      NYT  -  720 words
    • Article, Illustration
      Lock icon Business at Royal Caribbean holding up despite rising fuel costs
      448 19 Reuters [NEW YORK] Bookings with Royal Caribbean Cruises Ltd are up for the rest of the year, but chief executive Richard Fain admits to keeping a close eye on reservations just in case anything changes. As the US economy weakens
      ■ Reuters; AFP FILE PHOTO  -  448 words
    • Article
      Lock icon Marco Polo sells 6 ships for $4m gain
      326 19  -  VINCENT WEE By INTEGRATED shipping group Marco Polo Marine is selling six of its Singa-pore-flagged vessels, a combination of tugs and barges, for $12.5 million as part of its fleet renewal policy. The sale, to be done through its Marco Polo Shipping
      326 words
    • Article
      Lock icon Gulf tanker rates may jump on Asia, Atlantic demand
      413 19 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may jump amid rising demand for West African consignments that could increase average voyage lengths and cut supply. Crude oil shipments between West Africa
      Bloomberg  -  413 words
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      374 19 Tnd&Aqri INDOFOOD AGRI RESOURCES LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****6551G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Indofood Agri Resources Ltd. will be held at Ballroom I and 11, Level 3, Singapore Marriott Hotel, 320 Orchard Road,
      374 words
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      435 19 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF VISIONEX PTE LTD. (In Members' Voluntary Liquidation) (Co.Reg. No. *****3490K) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant Id Section 179(6) of the Companies
      435 words
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      Lock icon Page 19 Advertisements Column 3
      138 19 x I SO% ol the adult population will suffer I I some form of back pain in their lives. i "I^l Most people put up wilh it until it I I severely effects their work and leisure t'T'iO. J I Chiropractors were found by a Royal y" -^^^H Commission of
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  • EDITORIAL & OPINION
    • Article
      Lock icon US Fed should clear the air over rates
      488 20 SO far this year, the US central bank's interest rate committee has held six meetings. But only three were part of their regular eight-meeting schedule a year. The unscheduled three should not come as a surprise, given the schemes that it has
      488 words
    • Article, Illustration
      Lock icon Post-quake problems a challenge for Chengdu
      1061 20  -  TIGER TONG Although largely unscathed, the city could find correcting misconceptions a tough job By ONE month after the Wenchuan earthquake, the worst since the founding of the People's Republic of China, the country is shifting its focus from relief work to resettlement and
      ■ AFP  -  1,061 words
    • Article, Illustration
      Lock icon Developing nations tackle bio-piracy threat at last
      723 20  -  HARISH MEHTA THE BOTTOM LINE AT long last, several members of the World Trade Organization (WTO) are getting serious about combating bio-pi-racy by Western firms. Early this month, the Indian government began the battle by demanding that the fight against bio-piracy begin with
      723 words
    • Article, Illustration
      Lock icon Will Mid-East be better off sans US?
      1353 21  -  LEON HADAR AFP A gradual US disengagement from Iraq may force govts in the region to cooperate and protect their interests W E ARE aU familiar with this cliche ridden story line. A successful husband dumps his mi d die-aged and supposedly feeble
      AFP  -  1,353 words
    • Article, Illustration
      Lock icon EU looks past Bush to new era with some apprehension
      850 21  -  SHADA ISLAM IT WAS a long goodbye, complete with ceremonial smiles and handshakes, long speeches and even longer communiques hailing transatlantic friendship. But as he toured across key European states last week for a last hurrah, it was clear: European
      850 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon HDB contibuting to price spiral
        405 21  -  See Leong Kit I REFER to the article "HDB pricing policy limits impact of rising costs" (BT, June 11). As a 60-year-old Singaporean, I empathise with the growing despair of young couples when it comes to such a basic aspiration as home ownership. Private property
        405 words
      • Letter
        Lock icon Control congestion with COEs, not higher ERP
        166 21  -  Ben Ong Soon Yam THE only thing certain about the latest round of Electronic Road Pricing (ERP) rate increases is that it will bring in more revenue for the Land Transport Authority (LTA). City congestion is not being caused by motorists; it is
        166 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8089 22 Transaction date: Jun 19 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 22 65 3148 STelecom 285 85 5834 A-Sonic 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp 245 7 1100 AEM 41 195 2101 APOil 141 545
      8,089 words
    • Article
      Lock icon SGX XTRANET
      67 22 Hii Low Code Comi Sale COOP) Hii Low Seller Cvr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P500 ***** ***** 6170 SPDRS 3983 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      67 words
    • Article
      Lock icon SGX CATALIST
      1913 22 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote Low Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi Hii 29.5 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s
      1,913 words
    • Article
      Lock icon CLOB INTERNATIONAL
      204 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      204 words
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      36 22 y Jpfipp, NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 9 wßj .J 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Wr Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      372 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jun 18 World Index Preliminary 1021.0 -0.8 -9.8 -0.6 -12.6 -0.7 -8.2 EAFE Preliminai 971.8 -0.9 -13.3 -0.6 -14.2 -0.7 -9.8 Eun Prelim inan 1305.1
      372 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 23 As at 9am Jun 19 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2860 1.3020 Can dollar 1.3370 1.3530 Euro 2.1190 2.1430 NZ dollar 1.0290 1.0520 iterlini ind 2.6660 2.6980 US dollar 1.3600 1.3760 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      172 23 Jun 19 fer Overnight 3/8 1-month 1 1/16 2-months 1 1/8 3-months 1 1/4 Overnight mode: 0.30 US$ Offer 1/4 15/16 1 1 1/8 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 2.35 2.70 2.88 3.00 3.30 3.55 3.75 Offer
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      26 23 Jun 19 ten Hii ih Sett STI SIMSCI Jun 366.4 368.5 365.9 Taiwan Jun 311.7 312 308.7 Source: MF Global (S) He. Ltd
      26 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 19 S! Bid Offer 1-month 1.3659 1.3681 2-months 1.3642 1.3665 3-months 1.3625 1.3648 6-months 1.3579 1.3602 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 23 Jun 19 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2952 1.2975 0.9468 0.9471 Canadian dollar 1.3454 1.3480 0.9835 0.9840 Euro 2.1253 2.1287 1.5536 1.5538 NZ dollar 1.0360 1.0389 0.7573 0.7583 Sterlin. md 2.6839 2.6884 1.9619 1.9623
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      362 23 Jun 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 96.845 *****0 0 0 ***** 2401 EUROYEN FUTURES SepO8 99.120 99.120 DecO8 99.025 99.030 MarO9 98.905 98.905 JunO9 98.765B SepO9 98.675B DecO9 98.585B Mar10 Jun10 99.115 99.010 98.870 99.120 99.030 98.880 98.745 98.650
      362 words
    • Article
      Lock icon SICOM FUTURES
      278 23 Jun 19 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 Apr/Jun 09 445.00 442.00 439.00 433.25 434.25 436.00 RSS 3 (US cents/kg) Month Hig sb Low Sett Volume (tonnes)
      278 words
    • Article
      Lock icon CHICAGO BOT
      102 23 Jun 18 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1556.00 1558.00 1564.50 1541.00 Aug 08 1561.00 1562.75 1569.00 1545.00 Sep 08 1545.50 1552.00 1553.00 1546.00 Nov 08 1543.00 1553.00 1551.00 1528.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 65.46 65.80 65.85
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 23 CRUDE OIL PRODUCTS Jun 18 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 132.71 -1.72 WTI (Near Mth) 136.46 2.7 Dubai (1-Mth F) 128.25 -0.31 Tapis blend 140.35 0.05 Minas 136.75 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 125.55 163.90 -0.33 0.9 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 23 Jun 19 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.963 6.511 0.609 7.393 40.680 87.967 1.018 9.730 3.090 1.250 63.872 42.125 1.296 7.616 0.983 28.758 31.657 0.483 0.947 Canada 1.039 6.764 0.633 7.680 42.260
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 23 Jun 19 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****E 18.09.08 1-Year BY*****N 04.05.09 0.58 0.95 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's jh Low Hi, 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****A 4.000
      90 words
    • Article
      Lock icon SIBOR
      75 23 Jun 19 (US$) (SS) 2.***** 1.***** 6mths 1.***** 9mths 2.***** 12mths 2.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 3.***** 3yrs 3.***** 4yrs 3.***** 5yrs 3.*****
      75 words
    • Article
      Lock icon PALM OIL
      65 23 Jun 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position Jul 08 3630 Aug 08 3635 Sep 08 3645 Oct 08 3641 Total o/p: ***** contracts 3586 3630 3570 3595 3638 3572 3600 3650 3579 3608 3645 3584
      65 words
    • Article
      Lock icon PRECIOUS METALS
      138 23 Jun 19 GOLD (USS/oz) Jun 17 Jun 19 Hong Kong London 883.30 890.10 884.30 891.10 Jun 17 Jun 18 880.80 889.35 881.60 890.55 Source: Reuters CAST BAR (S$) Jun 19 Buying Sellini Kilobar "42,146.23" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      138 words
    • Article
      Lock icon LONDON METALS
      67 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3045.50 2990.50 3 months 3092.00 3036.50 Copper, Grade A (US$/tonne) Cash 3 months 8412.00 8239.00 8248.00 8088.00 Lead (US$/tonne) Cash 1841.00 3 months 1860.00 1846.00 1865.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      67 words
    • Article
      Lock icon LIFFE
      79 23 Jun 18\ COCOA (£/tonne) Close Prev Hii ih/Low Jul 08 1665 1636 1688/1657 SepO8 1658 1625 1682/1650 Dec 08 1617 1586 1641/1610 Mar 09 1586 1551 1606/1580 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2265 2286 2316/2256 SepO8 2260 2264 2299/2244 Nov08 2240 2249 2281/2230 Jan 09 2210 2223
      79 words
    • Article
      Lock icon BONDS & WARRANTS
      4564 23 BONDS WARRANTS Tel Code Com| Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left >am 2058 Advance Modules GrpW*****3 6 2036 Advance SCT Ltd W*****9 3 ArianeCorp Ltd W*****9 0.5 9092 Asia Environment W*****4 16 4481 Asia Water Tech LtdW*****0 18.5 3816 #Asiasons
      4,564 words
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      2694 24 m The Business Times Shipping Times m\\ m\W BPB BJCTJ^jffHnffj_Pff^!fffj_BßßPJ m>\T WAN HAI INTERNATIONAL PTE LTD CRN0M**********/R ▼.J __T*Ll Hl|^S9iffiHß__ffi3B_{iEß_^_^___il___l ■■>>>■ ■■>■ TEL *****588 (14 LINES) FAX: *****163 WW W"^-^Ts^_^!^-^^B __^___fll -BtßaS Sl.gy.l.ijil.g \\M IIA/AM HAI INpX CuUomei Seivi<e B..ul<mgs Dii«t Line (1800) *****200 M A J*Z I I ft."X^.~l*
      2,694 words
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      3243 25 m RICKMERS-LINIE ttTSH EASTERN CAR LINER. LTD MjK £t f£tUS^ Regular Break-Bulk/Proiect/SOC Conventional Services website: www.rickmers.com HI I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I USA Service n WbbKLY bXrnboo oAILINu oUHbUULb Vessel I Vov SIN I ALT I HOU I NEW I JAX I ORF I
      3,243 words
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      5423 26 WmM H H HH H IB A?£ER§l!i*T zosh^wa, »,ZSS Ifa glory navigation groupl »^;«HIII!BIWiHPiiPIiIiHM MMI Hi NORTH WEST EXPRESS LINE ®,£*m%k<*% «WS*l L^K MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [lilts AtE aHIVM Halts SINCE 1970 5 VESSEL VOY Singapore Fremantle Cocos Island Christmas Island Pasir Gudang OWNS OPERATES THE
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  • CLIPPER ROUND THE WORLD RACE
    • Article, Illustration
      Lock icon Sense of lull lingers
      1004 27 As the fleet passes over the Grand Banks, its progress continues to be hampered by a lack of wind, writes VINCENT WEE THE penultimate race of the Clipper 07/08 Round the World Yacht Race from Sydney, Nova Scotia to Cork, Ireland, began on Monday with the
      1,004 words
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      249 27 THESTRATTSTIMES thesundaytimes I I Weekend *****3 1 Giveaway! BbFXSb "r lgshoM Get rewarded each weekend! LJ L| T V^ J Starting 9 June 2008 Buy your copy of The Straits Times ri^| V M f>A 71 J every Monday to Friday on Saturday and \ljj>* k? _J 6AM td 10AM
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      65 27 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by ■^'3'l^l THE BUSINESS TIMES Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
      65 words
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  • MUSIC/GAMES
    • Article, Illustration
      Lock icon Sisters do it for themselves
      1100 28 It has not always been smooth sailing but three musicians have persevered, writes CHRISTOPHER LIM WOMEN in music face different challenges from those in the corporate rat race. And while there may not be the same hierarchical glass ceilings, it's hardly smooth sailing especially if
      1,100 words
    • Article
      Lock icon Happy returns of the day, Paul Weller
      514 28  -  BEN MUNROE CD REVIEW 22 Dreams Paul Weller Island/Universal Rating: A By Another British music icon, in the lithe form of Paul Weller, has hit a milestone his 50th birthday. This notion would have been as unthinkable when Weller was the angry but
      514 words
    • Article, Illustration
      Lock icon A solid fourth outing for Snake
      815 28  -  LEE KIM SIANG By SOLID Snake is back. Legendary game designer Hideo Kojima's Metal Gear Solid 4: Guns of the Patriots finally hit store shelves worldwide on June 12. And gamers everywhere couldn't be happier. The game, four years in the making, is Kojima's
      815 words
    • Article, Illustration
      Lock icon Sony Ericsson's F305 phone akin to a mobile version of Nintendo's Wii console
      367 28  -  CHRISTOPHER LIM By ALL those portable computer gaming consoles you see people poking at on MRT trains could be outnumbered by mobile phones one of these days. Nokia used to be the only real player in the
      367 words
  • Page 28 Miscellaneous
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      409 28 CRYPTIC CROSSWORD ACROSS n I R I R I mmj 15 I S I [7 j |g I 0 n top? (5) 1 Joke too blue, perhaps (6) _^^1 16 Green meadow on forestry 4 moeai 0ouU8) boundaries (5) n r^ t tv v f ■ii.- 18 Press cuttings pins
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Foolishness, ignorance portrayed in dance
      407 29 South Korean offering^ Q examines the universal themes through a series of riveting dance sketches, writes UMA SHANKARI AH Q, the Arts Festival offering from South Korea's Dance Theatre ON, proved to be an unexpected gem. The work explored the universal themes of foolishness and
      407 words
    • Article, Illustration
      Lock icon Loud responses to the brutality of silence
      565 29  -  BEN MUNROE by IN the stark setting of a harshly lit, dilapidated classroom, seven students barricade the door with desks and set about creating their own anarchic reality. In the absence of a teacher, they give their own lectures, rail against society and
      565 words
    • Article, Illustration
      Lock icon Breathtaking fusion breathes new life into two classics
      370 29  -  UMA SHANKARI By THE dance programme at this year's Singapore Arts Festival comes to a close with Amjad, the latest work from Canadian company La La La Human Steps. Drawing inspiration from two of the most notable ballets of the Romantic period,
      370 words
    • Article, Illustration
      Lock icon A blend of electronic and classical music
      323 29  -  CHRISTOPHER LIM By WHEN you hear about the London Sinfonietta, with the name suggesting a classical ensemble, you might not expect it to be playing experimental electronic music. The Esplanade Concert Hall probably isn't the first venue that comes to mind either for
      323 words
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  • ARTS/ENTERTAINMENT
    • Article, Illustration
      Lock icon Focusing on Still/Moving pictures
      901 30 The Month of Photography festival aims to examine the close and complex relationship between photos and film, says CLARISSA TAN T'S when you are seated in a pitch-black sealed room, with the only light available coming from the pale glow of an 'EXIT' sign, that you
      901 words
    • Article, Illustration
      Lock icon TV, music refocus strategies
      653 30  -  CHRISTOPHER LIM By TELEVISION hasn't quite faced the same challenge as the music industry has from the Internet, but it hasn't been able to rest on its laurels either, particularly when it comes to companies that have to deal with the intersection of TV and music.
      653 words
  • Page 30 Advertisements
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      705 30 it^Hm lii -i^ J F_l ilJlllL Ti Kf-1 Ji]fll3fl I »H 3XH HM M M A klffli wMtfnmm WWwfSSIM Charge 554,000 to your DBS PLATINUM X*™ fantasy «hn L f> .$lB9B 7 A I tllllS&^LllMi Credit Card to receive a Ss2o Petrol Voucher :reS^^S:r h tesrS,n Hf" Nhdail>breakfasl r ;*J
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  • Page 30 Miscellaneous
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      402 30 artBEAT Anything but ordinary transformed by Bachelor of Design/ IT'S always a boost for the local scene Communication Design students into when a Singaporean artist wins an award works of art"the mundane crafted into overseas even more so when it's the unusual. Cannes Student Film-making Program and he's up against
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  • WINE
    • Article
      Lock icon The great German 2007 vintages – part 2
      1067 31  - The great German 2007 vintages part 2 NKYONG By THERE can hardly be any argument that three of the finest German wine estates are Weingut Egon Muller-Scharzhof in the Ruwer, Weingut Joh Jos Prum and Weingut Fritz Haag in the Mosel. Visits to all three are always very special. Egon
      1,067 words
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      Lock icon The good life of Bordeaux winemakers
      646 31 While they travel round the world to talk about their products, there's no pressure on them to sell their wines, writes CHRISTOPHER LIM BORDEAUX winemakers have an unusually relaxed perspective when it comes to travelling around the world to represent their products. That's because
      646 words
  • Page 31 Advertisements
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      251 31 r\ f r^^r 1- "I ASSETTOn focuses on investments that bring REAL RETURNS from REAL ASSETS a Bordeaux's (France) Ultra Blue Chip WINES a Now available the just-released En Primeur 2007 and past vintages. a Alberta's (Canada) Highly In Demand Developable LAND Baron of Batik's (Singapore) Limited Original Works of
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  • Page 32 Advertisements
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      133 32 GALLERY HIMPPiPVi|M Three Generations of Experience Since 1918 545 Orchard Road #03-01 ffiff lffH Far East Shopping Centre Singapore *****2 BPP PHP Rln WPP Tel: (65) 6235 2516 Q^^m Fax: (65) 6235 1128 kwok.singaporeißipacific.neUg -Va-^lsv-'r^ Ist1 st Anniversary Celebration WINE FOOD MOOD Italian Restaurant Winebar 0 *mtf W«/ fe/ Get
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  • lifestyle
    • Article
      Lock icon ERP: Sexist farm of traffic control
      612 34  -  jaime cc off the cuff WHEN I heard that ERP charges were going up next month, I was all for it. There are too many cars in Singapore, people should take public transportation and it's really for our own good. Then they added that
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    • CINEMA
      • Article, Illustration
        Lock icon A silly satire that is neither clever nor witty
        487 32  -  AMANDA DE GUZMAN By THE Israeli-Palestinian conflict is a pretty heavy subject for a summer comedy. But Adam Sandler's latest offering You Don't Mess with the Zohan makes light of the potentially inflammatory topic through a raunchy, silly satire that should
        487 words
      • Article, Illustration
        Lock icon When you can't lelp laughing
        660 32 Without re-creating the original, director Peter Segal has packed more fun in the action comedy Get Smart, writes JAIME EE S THE new Get Smart as good as the old one? If you are laughing like an idiot, then it must be good. But if
        660 words
      • Article, Illustration
        Lock icon Masterful depiction of the City of God
        414 32  -  AMANDA DE GUZMAN DVD By CITY of God, director Fernando Meirelles' first film to reach mainstream success, is that rare thing: a beautifully crafted, complex story with a social conscience that is neither trite nor preachy. Although it was released in 2002, its
        414 words
    • COVER STORY
      • Article, Illustration
        Lock icon Young parents turn entrepreneurs
        1620 33 Spurred by their own needs, these enterprising mums and dads are behind a boom in child-related businesses, writes CHEAH UI-HOON DERHAPS it's the government's baby-friendly incentives. Perhaps it's the push towards entrepreneurship. Whatever it is, both seem to have dovetailed in the past year or so
        JOHN HENG  -  1,620 words
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      56 34 Be the talk of the town. kelvingiormam Luxury Sofas j^^ Casalino I Kelvin Giormani A blend of renowned global expertise Hdfch Mi™^* 0 M ftBB I fl x^ 1 .^e. Prad/// Pretora// £m//« feo/a// HOMES Furniture Mall #02-22/23/24 Tel: *****833 IMM Building #03-30 Tel: *****213 HQ: 74 Sungei Kadut Loop
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  • Page 34 Miscellaneous