The Business Times, 3 July 2008

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Microfilm: NL29427
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg «v a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Thursday, July 3,2008
    25 words
  • Article
    Lock icon Hunt for cover as inflation storm blows at nest eggs
    840 1  -  GENEVIEVE CUA Banks offering variety of products to priority clients, but it's a trade-off between risk and yield [SINGAPORE] Tactical yield plays appear to be the order of the day among priority banking clients, as inflation jitters drive them to
    840 words
  • Article
    Lock icon Rentals making gentle waves at Sentosa Cove
    661 1  -  ARTHUR SIM They could hold firm despite gloom elsewhere and offer decent yields [SINGAPORE] Close to 300 homes at Sentosa Cove, including 200 condominium units, have received Temporary Occupation Permit (TOP) and the exclusive enclave is starting to bustle. DTZ Debenham Tie Leung,
    661 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.529 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.66 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      44 1 1 COMP 1,153.70 -21.13 IIKKEI225 13,286.37 -176.83 1ANG SENG 21,704.45 -397.56 ;et INDEX 760.01 -8.58 JAKARTA COMP 2,378.47 -0.33 1ANILA COMP 2,393.90 -21.35 ;eoulcomp 1,623.60 -42.86 ;henzhenb 463.72 -4.17 IUMBAI IND 1 3,664.62 +702.94 12N00N EDT Chant )OW 11,336.58 -45.68 IASDAQ 2,277.54 -27.43
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    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.361 (US$/S$ per 1.990 2.708 :URO (US$/S$/E) 1.583 2.154 'EN 106.20 78.00 3.274 2.405 IK$ 7.800 5.730 !AHT 33.39 24.53 lUPIAH 9,225 6,777 lENMINBI 6.865 5.043 INDIAN RUPEE 43.29 31.80 1.041 0.765
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      53 1 BizlT COMMENTARY BEAR MARKET $tsfa BE INSPIRED I Spore manufacturing F&N business review Worst HI for Berkshire Zap for daily inspiration. IT spending set to fall has Keppel echoes since 1990 Win a Zegna Sports MM PAGE 29 PAGE 4 PAGE 19 A |k Gym Kit! PAGE 3 I—l B
      53 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      44 1 SINGAPORE INTERNATIONAL <~Cto> -iTI I /O 0 PAGES 10and 11 f Jv VsL**': SMEs: The world is their oyster 3 P xm ■IE Spore helps over 26,800 SMEs JL expand overseas in two years ■mMfcK —m -^jk Small firm's big plunge pays off 1
      44 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Manufacturing grows again after three-month slump
        61 2 SINGAPORE'S manufacturing industry expanded in June for the first time in three months, with the electronics sector bouncing back from May, the purchasing managers' index showed yesterday. Figures also show that overseas demand has cooled, raising concerns of slower growth in the second half,
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      • Article
        Lock icon Mapletree Investments' full-year earnings dip 3%
        78 2 MAPLETREE Investments posted a 3 per cent dip in net earnings for the year ended March 31, 2008, to $1.04 billion because of lower revaluation gain and higher net finance cost. Operating profit, however, rose 35 per cent to $146.9 million on the back
        78 words
      • Article
        Lock icon Olam rules out bidding for Australia's Dairy Farmers
        53 2 PUTTING an end to speculation, Olam International said yesterday that it will not make a bid for Dairy Farmers in Australia. Olam will, however, continue to look out for investment opportunities in the dairy business in New Zealand and Down Under. COMPANY
        53 words
      • Article
        Lock icon Federal clinches oil pipeline deal in Indonesia
        57 2 FEDERAL International (2000) said yesterday it has won a contract to build, operate and own an oil pipeline in East and Central Java. The engineering company said that the project is expected to generate about US$l4 million of revenue over the contract period
        57 words
      • Article
        Lock icon Royal Caribbean sees new cruise terminal as positive
        66 2 SINGAPORE'S investment in a new cruise terminal sends a "positive signal" and is a major reason why Royal Caribbean Cruises is deploying a vessel year-round. The 1,800 passenger Legend of the Seas will be based in the Asia-Pacific region all year from
        66 words
      • Article
        Lock icon Lend Lease makes first foray into M'sia
        78 2 AUSTRALIAN developer Lend Lease has made its first real estate investment in Malaysia, taking a half-stake in a RM7SO miUion (Ss3l2 million) suburban mall project in Selangor. An agreement was signed yesterday in Kuala Lumpur between Singapore-based Lend Lease Asian Retail Investment Fund
        78 words
      • Article
        Lock icon Refiners fear Beijing may have ended oil import subsidy
        99 2 CHINA'S state-owned oil refiners are increasingly fearful that Beijing has quietly ended its partial rebate on crude oil import taxes after a big hike in fuel prices last month, officials said yesterday. Two days into the third quarter, company officials have
        99 words
      • Article
        Lock icon Hi-tech space, business park rents, occupancy rates rise
        68 2 HI-TECH space and business parks were key beneficiaries of spillover demand for office space last quarter as rentals and occupancy rates in these two sectors increased, say property consultants. According to latest figures from CB Richard Ellis, average islandwide hi-tech monthly rents
        68 words
    • Article
      Lock icon Bank cuts short fixed-deposit offer as depositors rush in
      490 2  -  SIOW LI SEN Stanchart's planned 3-week promotion halted after 2 days [SINGAPORE] Intereststarved depositors flocked to Standard Chartered Bank's fixed deposit promotion, prompting the bank to end its offer after just two days. It had originally planned to run a three-
      490 words
    • Article
      Lock icon Microsoft seeks allies for Yahoo break-up: WSJ
      411 2 Reuters [NEW YORK] Microsoft Corp is preparing a new bid for Yahoo Inc's search business and has approached other media companies about joining it in a deal that would effectively lead to Yahoo's break-up, the Wall Street Journal said. Microsoft has already held
      – Reuters  -  411 words
    • Article, Illustration
      Lock icon Google-Yahoo ad deal under antitrust probe
      695 2 LAT-WP Move by US Justice Dept may mean it has concerns [WASHINGTON] The US Justice Department has opened a formal antitrust investigation into a deal struck last month that would allow the Internet titan Google to provide some search advertising for Yahoo!, according to
      LAT-WP; REUTERS  -  695 words
    • Article
      Lock icon Organiser adds 1,600 seats to meet F1 ticket rush
      375 3  -  NISHA RAMCHANDANI More seats could be offered if demand increases [SINGAPORE] Some 92 per cent of the tickets to Singapore's inaugural grand prix released so far have been snapped up, prompting organiser Singapore GP (SGP) to release an additional 1,600 grandstand
      375 words
    • Article, Illustration
      Lock icon Manufacturing grows again after three-month slump
      511 3  -  JAMIE LEE Mixed reactions on whether the sector has hit bottom and is on the uptrend [SINGAPORE] Singapore's manufacturing industry expanded in June for the first time in three months, with the electronics sector bouncing back from May, the purchasing managers' index (PMI) showed
      BLOOMBERG  -  511 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      210 2 A Fully-Owned Air Liquide Company SOXAL Announces Price Increases for Bulk And Packaged Gases Singapore Oxygen Air Liquide (SOXAL), have raised the prices for the following bulk and packaged industrial gases in Singapore. These prices will be effective immediately or as permitted by customer contracts: -10% to 20% for Nitrogen,
      210 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      133 3 ZAP HI I i for daily inspirational quotes Brought to you by Ermenegildo Zegna Hear from established business gurus like Donald Trump, Warren Buffett, Richard Branson and the likes, and stay at the forefront of the business arena. Win a Zegna Sport Gym Kit worth $1400! L 5 M To
      133 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      92 3 D 822 POWER DE BETHUNE The Hdrdldgical Masterpieces //jy/s^* l^'S^ The newest Automatic calibre featuring Self-regulating double-barrel JI I yf&§sm If si^L MAINSPRING 3RD GENERATION PATENTED DE BETHUNE ULTRA LIGHT BALANCE X /'L'Tj wheel Triple «Parachute» system with titanium balance wheel bridge A \s^«>fs G/ A NEW ANTI-SHOCK ROTOR CRAFTED
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Mapletree full-year earnings dip 3%
      650 4  -  KALPANA RASHIWALA But operating profit rises 35%; revenue jumps 69% to $365.6 m MAPLETREE Investments posted a 3 per cent dip in net earnings for the year ended March 31, 2008 to $1.04 billion because of lower net revaluation gain and higher net finance cost.
      650 words
    • Article
      Lock icon F&N business review has Keppel echoes
      767 4  -  WONG WEI KONG FRASER Neave's (F&N) strategic review has a precedence. At the start of the decade, Keppel Corp, another blue chip conglomerate, also set out to define what its core business should be. Keppel got it right, and at the right time too.
      767 words
    • Article, Illustration
      Lock icon 01am rules out bidding for Australia's Dairy Farmers
      461 5  -  EMILYN YAP But it is still keen on acquiring dairy assets in Australia and New Zealand PUTTING an end to speculation, Olam International said yesterday that it will not make a bid for Dairy Farmers in Australia. Olam will, however, continue to
      REUTERS  -  461 words
    • Article
      Lock icon Cathay Pacific shares tumble 7.8% after profit warning
      392 5 Reuters [HONG KONG] Shares in Hong Kong's leading airline Cathay Pacific tumbled as much as 7.8 per cent to a two-year low after it warned of disappointing first-half earnings due to high fuel prices, triggering a round of selling in aviation shares
      ■ Reuters  -  392 words
    • Article, Illustration
      Lock icon Epure pays 208m yuan for water technology firm
      312 5  -  CHEW XIANG By EPURE International said yesterday that it has bought a Chinese water technology firm for 208 million yuan (5541.2 million), boosting its order book to 1.31 billion yuan from 1.16 billion yuan. The full acquisition of Beijing Hi-Standard Water Treatment
      312 words
    • Article, Illustration
      Lock icon CENTRALAND TAKES THE LEAD
      183 6 CENTRALAND has become the first diamond sponsor of the Singapore Exchange's Bull Charge 2008 the first time the company is contributing to the cause. Bull Charge 2008 is the fifth charity fun run organised by Singapore Exchange (SGX) and the only charity fun run in the
      183 words
    • Article
      Lock icon Federal clinches oil pipeline deal in Indonesia
      325 6  -  CHOW PENN NEE Project expected to generate for group revenue of USsl4m over 33 months MAINBOARD-listed Federal International (2000) said yesterday it has secured, through business associate PT Geolink Nusantara, a build, operate and own project for an oil pipeline in Indonesia's East
      325 words
    • Article
      Lock icon First-half surge in value of SGX AsiaClear trades
      238 6 THE value of over-the-coun-ter trades cleared by the Singapore Exchange (SGX) on its Asia Clear platform in forward freight agreements (FFAs) and oil swaps from January to June 2008 nearly tripled to US$3.B billion, from US$l.3 billion in the first half of
      238 words
    • COMPANY BRIEFS
      • Article
        Lock icon Asia Tiger unit bags power plant project
        61 6 ASIA Tiger Group's subsidiary, Industrial Power Technology Pte Ltd, has won a $19.83 million contract to build a rice husk-fired biomass power plant in Thailand's Sakeo province. The power plant, to be built for JMJ Enterprise (Thailand), will have a capacity for 9.9
        61 words
      • Article
        Lock icon Yangzijiang's June deals worth US$227m
        50 6 YANGZIJIANG Shipbuilding (Holdings) has secured shipbuilding contracts worth U*****.94 million for four vessels last month. For the first six months of the year, the group secured a total of U*****.93 million worth of contracts and it now has U557.35 billion in current contracts on hand.
        50 words
      • Article
        Lock icon 300,000 performance shares for SGX chief
        77 6 VESTING of shares granted to Singapore Exchange's chief executive officer Hsieh Fu Hua under its performance share plan has given him a direct holding of 300,000 SGX shares, or a stake of 0.031 per cent, on June 30. He also has a deemed interest
        77 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1021 4 /^V Get your Rabobank Warrant (of% Highlights daily via email. .P^_Tr_p! %r Visit www.rabowarrants.com.sg or ■Ejyi^ ftj| emailwarrants@rabobank.com OCBC BK RB ECW*****2 (F6AW) SEMBCORP MARINE RB ECWOBI2IO (F3XW) OVERSEA-CHINESE BANKING CORP Call SEMBCORP MARINE LTD Call Exercise Price 558.40 Exercise Price 554.60 L Expiry Date 22 December 2008 Ratio 0.2
      1,021 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      447 5 Biak__K__r_Hl Bm I I IT/*1 _T^i ZT_I _^_H__B_k_ _fl _l ——a——! _^k i 1 J_l _^P ._H L»_H Ml :^H2Jj Credit-linked to two sovereigns and four corporations: Aviva PLC HSBC Bank PLC Malaysia People's Republic of China Prudential Public Limited Company Singapore Telecommunications Other important information The Base Prospectus dated
      447 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      94 6 I fl I I Behold the intricate bas-reliefs of Hindu myths J^^L Asia promises a feast of fascinating attractions. And we're not talking about the Taj Mahal or the Great Wall of China. With Silk Air, you'll discover the full splendour of this continent over 29 exotic destinations. From underwater
      94 words
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      Lock icon Page 6 Advertisements Column 2
      38 6 *"3^ks^»^<: NECK PAIN may be associated mm Most minor irritations may settle in cause of your neck pain, as pain m Ir^W .72J!?'''"™_ Wmjk J j* 7 Qn an orri Building j H^^^^— mrt, n^t io OCBC Centre)
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      188 7 L*'''"l! J <'r-.t M'*^S*r^^-X^'w w-i^^T™Hjg^T4i.y/T7- /1J iJHgi^ Our valued clients, :i§fP r' business associates, supporters and friends We are pleased to announce that from 1 July 2008, in line with the integration of the Ernst Young practices across the Far East Area, the Ernst Young firm in Singapore is now
      188 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI slips amid broad-based weakness
      598 8  -  R SIVANITHY STOCKS Index posts fifth consecutive decline on Wall Street jitters and Hong Kong drop LOCAL stocks yesterday followed what should by now be a familiar pattern they first responded to how Wall Street performed the previous night before reacting to expectations of how
      : Bloomberg  -  598 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 114 0 0 0 2 114 lanufacturini 35 84 58 15 11 39 99 69 Commerce 15 31 23 16 38 29 'pt/Stor/Comms 20 11 20 12 :inance 17 18 Construction 10 16 12 'roperties
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 21,785 21,785 113,845 113,845 lanufacturing 210,134 46,143 256,277 216,284 3,489 219,773 lommerce 191,579 17,643 209,222 56,795 5,375 62,169 "pt/Stor/Comms 97,458 9,658 107,116 326,221 3,884 330,106 :i nance 25,711 25,713 260,713 260,713 lonstruction 20,761 14,347 35,108 4,146 590 4,736 'roperties
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 5.670 +0.100 lapitaMall 3.080 +0.100 jtyDev 10.640 -0.100 losco Corp 3.190 +0.020 IBS Grp 18.680 -0.060 :&N 4.460 +0.020 Sent Intl 0.580 +0.005 IK Land 4.140 -0.060 ISH 16.840 -0.260 lardineC&C 16.880 -0.040 Ceppel Corp 10.640 -0.060 Ceppel Land 4.810 -0.010 IOL 3.250 -0.050 loble
      106 words
    • Article
      Lock icon BROKERS' TAKE
      965 8  -  JOYCE HOOI Property Sector DMG Partners Securities, July 2 MASS market outshines the rest: On Tuesday, the Urban Redevelopment Authority came out with the flash estimates of the performance of the private property sector for Q2 2008. The property price index crawled up a mere 0.4 per cent
      965 words
    • Article, Illustration
      Lock icon A$ and euro shine in mixed session
      525 8  -  LARRY WEE CURRENCIES THE Australian dollar and euro were stand-out winners yesterday, especially versus the Japanese yen, while weaker Asian oil importers remained under the cosh. Elsewhere, news that Wall Street had managed a decent overnight turnaround may have helped to reduce selling
      : Reuters  -  525 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      54 8 Jul 2 VALUE CLOSE -1148.00-225.OC IT OB/OS IT CADI -*****.00-183.0i IT 10-day MA -*****.00-115.0i TSE ST Mid Cap 717.33 +0.0 TSE ST Small Cap 596.81 -7.21 TSE ST All Share 735.14 -1.0' TSE ST China 407.23 -5.2' OB Catalist 136.30 -2.2 iMSCI 356.01 +0.0' iMSCI Future 356.80
      54 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      62 8 VOLUME Sunmoon 152,661,000 Golden Agri 32,243,000 Sing Tel 32,240,000 DBS MBL eCWOBO9O9 27,935,000 Yanqzijianq 27,732,000 DBS DBeCWOBIOI3 22,126,000 Jade Tech 20,198,000 China Honqxinq 17,821,000 CoscoCorpDßeCWoBo929 14,775,000 Li Henq 14,656,000 VALUE(S) Sing Tel 114,213,470 DBS Grp 110,322,634 S I A 110,057,700 Keppel Corp 80,441,072 Capita Land 56,717,985 UOB
      62 words
    • Article
      Lock icon RISES
      100 8 CLOSE UP LP 10US$ 9262 125.2 1.0 India Ni 10 1246 40.0 3. IS MSCI India 100 570 17.7 2. i PC 683 11.0 1.' i Land 567 10.0 1.: Mall 308 10.0 3.. ICBC Bk4.5%NCPS 100 ***** 10.0 0.1 ilanMBLiCW***** 162 9.0 5: ICBC Bk 815 8.0 1.'
      100 words
    • Article
      Lock icon FALLS
      119 8 CLOSE DOWN IMH 3040 -68.0 -1.6 Kei MBLiCW*****3 381 -42.0 -9.9 ilA 200 1422 -42.0 -2.9 ICBCCai i.93%Pref10 9860 -40.0 -0.4 ISH 1684 -35.4 -1.5 China H 10US$ 1504 -35.4 -1.7 I A 1430 -30.0 -2.1 IGX MBL iCW*****3 201 -28.0 -12.2 Dain irm 470 -19.1 -2.9 Korea 10US$
      119 words
    • Article
      Lock icon CURRENCIES
      83 8 Where S! stands Jul 2 CHNG CLOSE FRJuM YR2008 S$ LOW S$ HIGH uss 1.3625 -0.17 1.4542 1.3457 Euro 2.1528 -0.38 2.2064 2.0474 Pounds 2.7067 0.37 2.8431 2.6568 AS 1.3080 -0.61 1.3235 1.2349 Yen* 1.2791 0.82 1.4484 1.2619 Rupiah* 0.***** -0.22 0.***** 0.***** Baht* 4.0793 -0.35 4.4299 4.0550 Peso*
      83 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Royal Caribbean sees cruise terminal investment as positive
      499 9  -  VINCENT WEE It is a major reason why the company is deploying a vessel in Asia-Pac year-round SINGAPORE'S investment in a new cruise terminal sends a "positive signal" and is a major reason why Royal Caribbean Cruises is deploying a vessel year-round.
      499 words
    • Article
      Lock icon SMU opens new financial institute
      253 9  -  DIONDI TAN By SINGAPORE Management University (SMU) yesterday announced the opening of a new institute for financial research, named after the late civil servant Sim Kee Boon of Changi Airport and Keppel Group fame. The Sim Kee Boon Institute of Financial Economics and Financial Econometrics
      253 words
    • Article
      Lock icon Foreigners to be issued new pass
      186 9  -  MELISSA YEO By A NEW Long Term Pass (LTP) will be issued to foreigners living in Singapore as part of plans to beef up national security, the Immigration Checkpoints Authority (ICA) and Ministry of Manpower (MOM) said yesterday. The card will be issued to
      186 words
    • Article
      Lock icon Sift truth from 'virtual shouting', Vivian tells students
      327 9  -  LYNN KAN IT was a refreshing first for Raffles Institution (RI) students to hear Vivian Balakrishnan answer their most burning questions about how the Singaporean political landscape would change with the free-for-all expression on the Internet. The numerous questions volleyed at the
      327 words
    • Article
      Lock icon Duke-NUS names new dean
      214 9 A NEW dean has been named for the Duke-Nation-al University of Singapore Graduate Medical School (Duke-NUS). Ranga Krishnan, now executive vice-dean, will succeed R Sanders Williams as dean. "I am honoured to accept the position," said Dr Krishnan. "I believe the school has the potential to
      214 words
    • Article
      Lock icon Aquatic science centre to be set up at Ulu Pandan
      108 9 THE Singapore-Delft Water Alliance (SWDA), a joint research initiative between the National University of Singapore (NUS), Public Utilities Board (PUB) and Delft Hydraulics, will be setting up an aquatic science centre at Sungei Ulu Pandan to carry out studies on
      108 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      109 9 If you are in any of these situations: ~^^^~~^mL. You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch
      109 words
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      Lock icon Page 9 Advertisements Column 2
      131 9 Youi love aftaii starts rieze... Sll^^:Mj I where you'll be spoiled for choice... indulged with the authentic ana exotic... seduced by fine wines ana music... ana lavished with, utmost luxury. V 'i"*^ I DREAM AS SOON AS YOU «-i^^ I CLOSEYOUREYESTHIS ~-J .5| I HOME GIVES YOU AN ~~^'W^H| '""^k^—W—i
      131 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon The world is the SMEs' oyster
      1158 10 The SME sector's blossoming is partly due to Singapore's drive to grow an external economy. And IE Spore helps open doors abroad for daring enterprises, reports CHUANG PECK MING IT LOOKS like the hard push for entrepreneurship in Singapore is paying off. In three
      FILE PHOTO  -  1,158 words
    • Article
      Lock icon E S'pore helps over 26,800 SMEs expand overseas in two years
      523 10  -  CHUANG PECK MING By INTERNATIONAL Enterprise (IE) Singapore has helped more than 26,800 small and medium-sized enterprises (SMEs) in the past two years, providing them with more than $282.2 million of financial backing that is tipped to bring in
      523 words
    • Article, Illustration
      Lock icon Small firm's big plunge pays off
      1018 11 From the start, software company muvee Technologies decided to go for the biggest market the US. CHUANG PECK MING reports INSTEAD of taking a dip first in the home market to test the waters as other start-ups usually do muvee Technologies jumped straight into
      FILE PHOTO  -  1,018 words
    • Article, Illustration
      Lock icon China market a 'great business potential1 for Singapore IT company Ufinity
      609 11  - China market a 'great business potential 1 for Singapore IT company Ufinity CHUANG PECK MING By CHINA is a big market that offers big business opportunities even to small and medium enterprises (SMEs). But the huge potential that the emerging giant economy offers hit home only after Ufinity got in
      BLOOMBERG  -  609 words
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      Lock icon Page 10 Advertisements Column 1
      96 10 BHHISH^i -I Itflo rfl ffn^lO] R '"P f^T1 nr r\n F 1 pfr 13 Itl OT ''1 Fi MIP! ~1 fn fM ii ffl B^T^^ l^^^^w r -i li: H IT —II W P^5K-n i x' I I ii i lUbbuUuu 88l BBj BBjABa Hell f~SZ H| (H BBnSBr SBirSBHBBI
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      Lock icon Page 10 Advertisements Column 2
      46 10 I* ssssr 1 The Business Times SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com
      46 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Rubin sees 'extended difficulties' for economy
      491 12 Bloomberg [ROME] Former US treasury secretary Robert Rubin said that the world economy still faces "extended difficulties" from the fallout of the US sub-prime mortgage crisis and rising energy and food costs. "It's possible that it could get better during the course of this
      Bloomberg  -  491 words
    • Article
      Lock icon Aussie May retail sales beat forecast
      243 12 Reuters [SYDNEY] Australian retail sales rose well past expectations in May, pointing to consumer resilience in the face of higher living costs and challenging the official view that interest rates were high enough to curb domestic demand. The Australian dollar firmed as investors wondered
      ■ Reuters  -  243 words
    • Article
      Lock icon Paulson finds common misery in Europe
      660 12 NYT Both US and euro zone afflicted by soaring inflation and sagging growth [FRANKFURT] As US Treasury Secretary Henry Paulson travels through Europe this week, he wants to reassure jittery audiences that the United States will right its economy and its financial markets. But
      NYT  -  660 words
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      1606 12 MTQ CORPORATION LIMITED (Company Registration No. *****0057Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 39th Annual General Meeting of MTQ Corporation Limited ("the Company") will be held at Carlton Hotel, Esplanade Room 1, Level 4,76 Bras Basah Road, Singapore *****8,
      1,606 words
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      Lock icon Page 12 Advertisements Column 2
      1079 12 MTQ CORPORATION LIMITED (C0.Reg.N0.*****0057Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held at Carlton Hotel, Esplanade Room 1, Level 4, 76 Bras Basah Road, Singapore *****8 on 23 July
      1,079 words
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  • FOCUS: US PRESIDENTIAL CAMPAIGN
    • Article, Illustration
      Lock icon Another new high for US presidential race
      630 13 Total spending on TV ads is expected to hit USsBoom, up from the previous record of USssoom in the 2004 contest [WASHINGTON/NEW YORK] The 2008 presidential race, which has already drawn a record number of dollars and voters, is poised to shatter another
      AP  -  630 words
    • Article
      Lock icon US presidential hopefuls line up foreign trips
      701 13 -Reuters [WASHINGTON] Time was when the idea of US presidential candidates taking their campaigns abroad would have had their political operatives shaking their heads in amusement. But Democrat Barack Obama and Republican John McCain are doing just that Mr Obama going to Europe
      -Reuters  -  701 words
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      210 13 *****7&9739 I BP^^BJBW-—-^-»» .__ji Bj I Ir- I (at I —i*-^ i r i r i r i*—— J^a^,_ Bj J I(I III1 J w! «r /"^fcl B v '"SH IbW--'VMH "^*4^^^Blb^Ss?3 ft?!^^^^^* a b«B^^^. 1 I Pc 1 I \^^^W JJ k_^ ™_J next hotspot for investors 1070&411 china
      210 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Lend Lease makes first foray into M'sia
      514 14  -  PAULINE NG It takes half-share in RM75Om mall project in Selangor through retail fund AUSTRALIAN developer Lend Lease has made its first real estate investment in Malaysia, taking a half-stake in a RM7SO million (Ss3l2 million) suburban mall project in Selangor. An agreement
      514 words
    • Article
      Lock icon BURSA MALAYSIA
      2242 14 lul 2 RM C000) \&M Realty 0.45 \bricBhd 0.14 \dvance Synergy 0.09 \dventa Bhd 1.05 \eMulti Hldgs 0.24 \ffin Holdings 1.81 Vimad Zaki Resou 0.74 \icCorp 0.50 \irasia Bhd 0.93 \kn Technology 0.40 \lliance Financi 2.72 \luminium Co 0.99 \malgamated Ind 0.43 Vnmb Hldgs Bhd 3.20 \mtel Holdings
      2,242 words
    • Article, Illustration
      Lock icon Anwar vows to seize power from govt
      590 14 -AFP [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim has vowed to seize power from a "corrupt" government at a rally of some 15,000 supporters as he fights back against new sodomy accusations. In an impassioned speech to a packed stadium on Tuesday night,
      -AFP; AFP  -  590 words
    • Article
      Lock icon Indonesia's new takeover rules may hurt Qtel offer
      443 14 Reuters [JAKARTA] Indonesia has raised the threshold for tender offers in corporate takeovers to 50 per cent from 25 per cent, a move which could complicate acquisitions in South-east Asia's biggest economy. The ruling might affect Qatar Telecommunications Co's (Qtel) US$2.6 billion
      Reuters  -  443 words
    • Article
      Lock icon Malaysia and India racing to conclude CECA talks
      149 14 Bernama [NEW DELHI] Indian and Malaysian trade negotiators are racing to conclude the Comprehensive Economic Partnership Agreement (CECA) by next year, with another eight rounds of talks to go. A high-powered Malaysian delegation concluded a two-day second round trade talks with their
      – Bernama  -  149 words
    • Article
      Lock icon Indonesian president pleads for end to oil price crisis
      221 14 -AFP [JAKARTA] Indonesian President Susilo Bambang Yudhoyono issued an impassioned plea yesterday for oil powers and consumer nations to stop the blame game over oil prices and join forces to calm the raging market. Faced with opinion polls showing rising domestic
      -AFP  -  221 words
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  • INDIA
    • Article, Illustration
      Lock icon US unlikely to OK India nuke deal this year
      613 15 Reuters Atomic pact which needs lengthy clearance held up by political wrangling [WASHINGTON] The US Congress will not have time to approve a landmark civilian nuclear agreement with India at the centre of a bitter Indian political row, a key US
      ■ Reuters; REUTERS  -  613 words
    • Article
      Lock icon Indian economy set for slower growth
      293 15 Reuters [MUMBAI] India's economic growth is expected to slow more than previously expected in 2008/09, pulled down by high inflation, the central bank's policy tightening and record oil prices, a quarterly Reuters poll shows. The median forecast of 10 analysts was for growth to
      ■ Reuters  -  293 words
    • Article
      Lock icon India needs to tighten monetary policy: IMF
      137 15 Bernama [WASHINGTON] International Monetary Fund (IMF) said India needs to tighten its monetary policy, so the country could feed their people and maintain economic stability if the surging food and fuel prices continue to hike. "If food prices rise further and oil prices
      Bernama  -  137 words
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      3058 15 I IN THE AAATTER OF THE COMPANIES ACT, THE COMPANIES ACT CAP 50 /2lr?»^iV IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF CAP 50 AND IN THE MATTER OF and \«-IV-#5 the companies act, cap. so the companies act, cap. so the
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      194 15 I ALL ENGLAND WEEKEND "Live" on 120-inch screens ph^ Wimbledon Finals and S^s» Britain Motor Race %tL at Sportsßuzz Paradiz! tf& Jy!> Silverstone Motor Racing (6 bet types available) Wimbledon Tennis Finals (Predict the Winner Contest; No betting) Sat 5 July Bpm Britain Race Qualifying 8.30pm Wimbledon Ladies' Singles Final
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  • GREATER CHINA
    • Article
      Lock icon Refiners fear Beijing may have quietly ended oil import subsidy
      599 16 Reuters Company officials have not seen any sign that the rebate will continue in July [BEIJING] China's stateowned oil refiners are increasingly fearful that Beijing has quietly ended its partial rebate on crude oil import taxes after a big hike
      Reuters  -  599 words
    • Article
      Lock icon Slowdown in China will affect global growth
      721 16 ■IHT [NEW YORK] As the saying goes, "When China sneezes, the rest of the world catches a wait a minute, isn't that old chestnut supposed to be about the United States? Maybe but these days, a slowdown or recession in China could be
      ■IHT  -  721 words
    • Article
      Lock icon Economy should bolster stocks: Xinhua
      271 16 Reuters [SHANGHAI] China's stock market can without fail achieve stable and healthy development given the country's solid economic fundamentals, the official Xinhua news agency said in a commentary carried on the front pages of China's main financial newspapers yesterday. The lengthy editorial followed a more
      Reuters  -  271 words
    • Article
      Lock icon Dwindling profits force Chinese shoemakers to quit
      349 16 AFP [BEIJING] Hundreds of shoe makers in southern China have closed down this year as profits slumped due to the rising yuan, higher costs and a weakening demand overseas, industry insiders said on Tuesday. Around 500 shoe factories -or 10 per cent -in
      AFP  -  349 words
    • Article, Illustration
      Lock icon UN chief wants stronger ties with China
      537 16 AP [BEIJING] UN chief Ban Ki-moon said the United Nations wants to strengthen its partnership with a rising China, during a visit here yesterday which was focused on global challenges such as food security and soaring energy prices. In opening remarks to their
      AP |; AP  -  537 words
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      329 16 111 IHE PRIME SOCIETY ill 1 1^ r RESTAURANT AND BAR DEDICATED TO THE UPPER CUT Yfj H Exclusive Vintner Dinner 2nd-4th July 2008 Guest Chef Jason Dell Presents Chilled Blackcurrant Watermelon Gazpacho Shot, Salad of Duck, Celery, Walnut Apple w Quartz Reef Sparkling 2002, Central Otago, New Zealand Second
      329 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Samsung faces crisis after chairman quits: executive
      380 17 ■AFP Each unit left to tackle competition on its own without guidance [SEOUL] South Korea's largest business group Samsung faces a leadership crisis after its chairman quit in the wake of a scandal, the acting chairman said yesterday. "Without a captain or rudder,
      ■AFP; AFP  -  380 words
    • Article
      Lock icon EU to unveil mutual funds reform
      325 17 Reuters [BRUSSELS] The European Union (EU) executive will adopt its reform of the bloc's 6 trillion euro (5512.9 trillion) mutual funds sector on July 16 but without a core provision for centralised management, European Commission officials said on Tuesday. The long-delayed reform of the
      Reuters  -  325 words
    • Article, Illustration
      Lock icon Commodity economies above water in IHOB
      20 17 Nations such as Brazil, Russia and Canada are showing growth this year Source: Bloomberg
      : Bloomberg  -  20 words
    • Article
      Lock icon Starbucks to axe up to 12,000 jobs, close 600 US stores
      428 17 Bloomberg [ATLANTA] Starbucks will close 600 US coffee shops and eliminate as many as 12,000 jobs, the most in its history, as chief executive officer Howard Schultz slows the chain's expansion after it doubled in size in four years.
      Bloomberg  -  428 words
    • Article
      Lock icon Investment in renewable energy surges 60% in '07
      383 17 Reuters [LONDON] In what is being called a "green gold rush", global investment in renewable energy surged some 60 per cent to US$l4B billion in 2007, a UN agency said on Tuesday. Buoyed by soaring fossil-fuel prices and concerns over the carbon
      Reuters  -  383 words
    • Article
      Lock icon Factory orders rise for third month in May
      386 17 Bloomberg LATEST US DATA [NEW YORK] Orders placed with US factories rose for a third month in May as the oil-price surge kept refineries busy and offset stagnating demand for equipment and machinery. Bookings increased 0.6 per cent, more than forecast, after
      – Bloomberg  -  386 words
    • Article
      Lock icon Lower Opec capacity will keep oil market tight: IEA
      628 17 Bloomberg Agency says its supply forecast also needs to be cut [PARIS] The International Energy Agency (lEA) has said that a drop in Organisation of Petroleum Exporting Countries (Opec) spare capacity and delays to production projects will keep the oil market
      Bloomberg  -  628 words
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      352 17 TRANSMARCO TRANSMARCO LIMITED (Incorporated in Singapore) (Company Registration No. *****1686N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Transmarco Limited (the "Company") will be held at Oasis Room 3rd Floor, Le Meridien Singapore, 100 Orchard Road, Singapore *****0 on 25 July 2008 at
      352 words
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  • WORLD
    • Article, Illustration
      Lock icon Court dismisses remaining claims against Grasso
      578 18 NYT SEVERANCE PAY Ruling means that he can keep all the USslB7.smhewas paid as NYSE head [NEW YORK] For nearly five years, Richard Grasso was vilified for the riches he reaped while running the New York Stock Exchange (NYSE). But on Tuesday, a court
      NYT; BLOOMBERG  -  578 words
    • Article
      Lock icon Ousted AIG chief gets US$47m package
      524 18 Bloomberg [NEW YORK] American International Group, the world's largest insurer by assets, has agreed to give ousted chief executive officer Martin Sullivan about US$47 million in severance and long-term compensation. Mr Sullivan, who was replaced by Robert Willumstad on June 15, will receive US$l5
      – Bloomberg  -  524 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8375 18 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.084/ AIGIF Spore Bond Fund/ A 1.311/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.92/ APS Alpha Fund (USD) 0.68/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9578/ APS Komaba
      8,375 words
    • Article, Illustration
      Lock icon Berkshire slumps almost 20% since Dec
      667 19 Bloomberg It is the worst first half since 1990 as price competition drove down revenue [NEW YORK] It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc has slumped almost 20 per cent since December. The decline exceeds the 15
      – Bloomberg; REUTERS  -  667 words
    • Article
      Lock icon Legal setbacks may cut eBay margins
      635 19 Reuters [SAN FRANCISCO] A French court dealt eßay Inc a blow for selling fake luxury goods, but while the Internet auctioneer's business model is unlikely to change, further legal setbacks could shave its margins. In the near term, the biggest damage could be to
      – Reuters  -  635 words
    • Article, Illustration
      Lock icon Wal-Mart faces US$2b class action suit
      508 19 Bloomberg State judge rules it broke labour laws, owes wages [HASTINGS, Minnesota] Wal-Mart stores broke Minnesota labour laws more than two million times and owe workers US$6.5 million, a state judge ruled, ordering a trial in which the world's largest retailer faces as much
      Bloomberg; BLOOMBERG FILE PHOTO  -  508 words
    • Article
      Lock icon Another 2 former JPMorgan Chase bankers probed
      438 19 Bloomberg Total of seven ex-employees under SEC scrutiny [NEW YORK] Two more former JPMorgan Chase bankers are under investigation in a federal antitrust probe of derivatives sales in the U552.66 trillion municipal bond market, bringing to seven the number of former employees under
      – Bloomberg  -  438 words
    • Article
      Lock icon IMF urges cooperative approach to tackle higher oil, food prices
      344 19 AFP [WASHINGTON] Rocketing oil and food prices are being felt around the globe and the surging inflationary pressures could worsen poverty, the International Monetary Fund warned on Tuesday, and called for cooperation to tackle the price hikes. A new IMF
      AFP  -  344 words
    • Article
      Lock icon London faces strong financial sector rivals
      241 19 Bloomberg [LONDON] London faces stiffer competition for financial business as Bermuda, Luxembourg and Ireland seek to specialise in insurance and fund management, accountants told lawmakers in the UK parliament on Tuesday. John Whiting, a former president of the Chartered Institute of Taxation and a
      Bloomberg  -  241 words
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  • AVIATION
    • Article
      Lock icon May air traffic holds up despite slowdown
      187 20 AFP [GENEVA] International air traffic held up against the economic slowdown in May, growing 6 per cent from the equivalent figure last year, the air travel industry body said yesterday. "This is slower than the 7.4 per cent increase recorded for the full
      AFP  -  187 words
    • Article, Illustration
      Lock icon British Airways to buy L'Avion for £54m
      385 20 -Bloomberg Paris-based business class-only carrier to be integrated into BA's Open Skies unit [LONDON] British Airways pic agreed to buy Par-is-based L'Avion for £54 million (Ssl46 million) to enlarge its new Open Skies unit, expanding flights between France and the US under an
      -Bloomberg; AFP  -  385 words
    • Article
      Lock icon Finnair to adjust schedules, beef up connections
      251 20 Bloomberg [LONDON] Finnair Oyj, Finland's biggest airline, plans to adjust its winter flight schedules to boost connections between Asia and Europe in an effort to attract more customers to make up for higher fuel expenses. Departure times for flights from Helsinki to Bangkok
      ■ Bloomberg  -  251 words
    • Article, Illustration
      Lock icon Jakarta grounds 5 carriers lacking safety standards
      248 20 Reuters [JAKARTA] Indonesia's Transport Ministry grounded five small airlines this week because they did not meet safety standards, an official said yesterday. The ministry gave Helizona, SMAC, Asco Nusa Air, Tri-MG Intra Asia Airlines and Dirgantara Air Service three months to meet minimum
      – Reuters  -  248 words
    • Article
      Lock icon Airlines roll out in-flight ads to boost revenues
      600 20 NYT But some are cautious about too much advertising [NEW YORK] On a recent US Airways flight from New York to Jamaica, coach passengers nursing their drinks were greeted with ads on their tray tables promoting General Motors' OnStar navigation system. Later,
      NYT  -  600 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2487 20 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:
      2,487 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      351 20 CRYPTIC CROSSWORD ACROSS 1 Chester said to have been n —l [2 I [3 I [4 I |j I lIWTi I? I |8 ravaged (10) —^HL— 6 Just one very much outside pj^^KajH ifl 9 Crazy like a dog with ra- 1M bies?(7,3) M M H 10 Cut many a
      351 words
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  • SHIPPING
    • Article
      Lock icon US Navy 'won't let Iran block Hormuz, will defend ships'
      556 21 Reuters Top officer is also concerned whether Iran can control its own armed forces [ABU DHABI] The United States will not allow Iran to block the Gulf, which carries crude from the world's largest oil-exporting region, and would defend its
      – Reuters  -  556 words
    • Article
      Lock icon Retailers anxious over possible dockworker strike
      414 21 AP [LOS ANGELES] As a West Coast contract covering 26,000 dockworkers ran out on Tuesday evening, concern rippled among US retailers about a possible strike even though talks are continuing. "From our perspective, it's critical that these negotiations get resolved peacefully and that a
      AP  -  414 words
    • Article, Illustration
      Lock icon Philippines to refloat sunken ferry
      451 21 ■AFP [SAN FERNANDO, Philippines] A Philippine ferry that sank in a typhoon will be refloated, officials said yesterday, ditching a bid to use divers to retrieve hundreds of bodies and toxic pesticides some 11 days after the disaster. Amid anger at the slowmoving recovery operation,
      ■AFP; AFP  -  451 words
    • Article
      Lock icon Persian Gulf tanker rates may drop
      343 21 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may halt the longest rally for more than a year as July's vessel demand slows and owners wait for next month's bookings to begin. Refineries still need
      Bloomberg  -  343 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.62 0.38 3.19 0.82 2.57 1.23 0.07
        106 words
      • Article
        Lock icon KLSE
        31 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.80 8.20 8.10 3.56 3.10 0.18 -0.03 -0.05 -0.15 -0.08 unch -0.01 194 167 306 1083 12 18
        31 words
      • Article
        Lock icon BANGKOK
        12 21 '00 ■recious Ship Jegional Cont 21.50 17.30 -0.60 -0.50 2861 10*
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doil iingamas Cont .39.90 ...1.96 0.90 -0.07 11K 299(
        11 words
      • Article
        Lock icon PHILIPPINES
        22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.40 29.00 2.32 unch -0.10 -0.50 -0.06 unch 2073 1190 2 0
        22 words
      • Article
        Lock icon TAIPEI
        21 21 Evergreen Marine ....22.50 :irst Steamship 51.20 ManHai Lines 23.35 r"ang Ming Marine...19.55 unch 2.10 -0.05 unch 13 4 5 3
        21 words
      • Article
        Lock icon TOKYO
        37 21 '000 (awasaki Hvy Ind ..274.00 -5.00 ***** (awasaki Kisen 970.00 -32.00 6125 Mitsubishi Hvy 495.00 -9.00 ***** l/litsuiEng&Sbldg...319.00 -15.00 ***** 1/litsuiOsk Lines ...1437.00 -56.00 9095 Jippon Express 492.00 -18.00 3510 JipponYusen 981.00 -47.00 8398 'iource: Reuters
        37 words
  • Page 21 Advertisements
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      9 21 I ianhP 7aobao I Is SIqI 115I 15 t
      9 words
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      Lock icon Page 21 Advertisements Column 2
      36 21 TOTO RESULTS 1 1900-911-0188 $o.2l4percall(indusiveofGST) *^B Bl Bk J L A _^m W^ B B BJ W A] CallersbelowlSyearsofagemustgetparentalconsent. Customer Service Hotline: 6319 2333 This service is provided by SPH Interactive Marketing Services. Singapore Press Holdings
      36 words
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      Lock icon Page 21 Advertisements Column 3
      23 21 german girl shrine T Local information, local content. Find whatever you're looking for in Singapore. I^^i 1^ 1^ I CU ICI I IVJ.sg
      23 words
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      Lock icon Page 21 Advertisements Column 4
      56 21 s I SH*KE UP Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. RADGO 100% PURE FUN 913FM Bra n ™*™^H ji V^* B V s tB f L B KNI i B fl L^. «fP^ BBK Bt V I I
      56 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Equities face tough second half
      493 22 WHEN the US Federal Reserve led a bailout of failed American investment bank Bear Steams in mid-March, it triggered an equity market recovery amidst widespread belief that the worst of the sub-prime crisis was over and that the second half would see stocks resume their
      493 words
    • Article, Illustration
      Lock icon A city aiming to be the soul of Asia
      1226 22  -  DEXTER LEE Seoul is tapping on its unique culture as a new engine of economic growth IN THIS day and age, when globalisation is sweeping across the world and economies are scrambling to meet the challenges that are thrown up, one
      ST/FILE PHOTO  -  1,226 words
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      Lock icon Asia's 'retail' corruption is draining its growth
      752 22  -  WILLIAM PESEK JR Bloomberg THE BOTTOM LINE MALAYSIA'S 26 million people could be excused for feeling disoriented. Their current prime minister, Abdullah Ahmad Badawi, has been feuding with predecessor Mahathir Mohamad over corruption allegations. And then there's the man tipped by many to
      – Bloomberg  -  752 words
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      Lock icon Japan sets out to create wealth fund
      1791 23  -  ANTHONY ROWLEY Fresh challenges await its bid to raise returns on vast foreign exchange reserves and pension fund reform JAPAN is moving slowly but surely towards creating a sovereign wealth fund (SWF) with its plan to use part of the nation's 150 trillion
      AFP, BLOOMBERG  -  1,791 words
    • Article
      Lock icon Moody's mea culpa doesn't remove risks of a repeat
      373 23  -  RICHARD BEALES By MOODY'S Investors Service has found that employees breached its code of conduct in rating constant proportion debt obligations (CPDOs), the highly-leveraged structured instruments that initially collected triple-A ratings. Heads may be rolling, and Moody's is bolstering its procedures.
      373 words
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  • Page 23 Advertisements
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      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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      Lock icon Page 23 Advertisements Column 2
      2 23 1 i
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8190 24 Transaction date: Jul 2 Low Code Coi Sale ('OOP) Hii ■ow Bi Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp 24.5 6.5 1100 AEM 41 18 2101 APOil 141 54.5 5550 ARA 22
      8,190 words
    • Article
      Lock icon SGX XTRANET
      61 24 _Hm Low Code Comi Sale Cooo) _Hm Low Bui Seller C'vr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 US200d US6200 US1000 US***** 250 SO 70 100 ***** ***** 6170 SPDRS 398.3 288
      61 words
    • Article
      Lock icon SGX CATALIST
      1934 24 52-Wk Tel High Low Code Last Sale Vol C0001 Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Comi Hii 22 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19
      1,934 words
    • Article
      Lock icon CLOB INTERNATIONAL
      196 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      196 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      51 24 m -n iW^mKSumM THE EDWARD PIGUET WATCH iUDEMARSFIGUET #f 1 fe^^'iS THE BIRTH 0F A GREAT DATE Le maitre de I'horlogerie depuis 1875 x^£pr iflEi I! Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 9k 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet:
      51 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      383 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 1 World Index Preliminan 964.3 -1.0 -14.8 -0.7 -17.3 -1.0 -12.7 4 EAFE Prel liminai 911.2 -1.6 -18.7 -1.3 -18.7 -1.7 -14.1 Euro[ Prelim
      383 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 As at 9am Jul 2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2940 1.3090 dollar 1.3270 1.3420 Euro 2.1410 2.1670 NZ dollar 1.0240 1.0460 iterlini ind 2.7050 2.7330 US dollar 1.3550 1.3710 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      172 25 Jul 2 *L Offer Bii Overnight 1/8 1-month 15/16 2-months 1 1/16 3-months 1 5/32 Overnight mode: 1/4 US$ Offer PAR 13/16 15/16 1 1/32 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 2.55 2.65 2.82 2.95 3.20 3.35 3.55 Offer
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Jul 2 ten Hii Sett STI IIMSCI Jul 356.4 358.3 356.8 "aiwan Jul 280.6 284.8 277.3 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 2 S5 Bid Offer 1-month 1.3585 1.3599 2-months 1.3566 1.3581 3-months 1.3547 1.3563 6-months 1.3495 1.3512 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Jul2 Against SS Currencies Bid Offer Against USS Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.3069 1.3087 0.9605 0.9610 Canadian dollar 1.3337 1.3355 0.9802 0.9807 Euro 2.1531 2.1552 1.5825 1.5826 NZ dollar 1.0323 1.0336 0.7587 0.7590 jterlini ind 2.7069 2.7097 1.9895 1.9898 US
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      352 25 Jul 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.035 96^25 0 0 ***** 4011 EUROYEN FUTURES SepO8 99.125 99.125 DecO8 99.060 99.060 MarO9 98.975 98.975 JunO9 98.870 98.870 SepO9 DecO9 Mar10 Jun10 99.125 99.055 98.955 98.860A 98.785A 98.710A 99.125 99.065 98.990
      352 words
    • Article
      Lock icon SICOM FUTURES
      274 25 Jul 2 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct08 Nov 08 Dec 08 Jan/Mar 09 450.75 448.00 445.50 447.00 446.75 447.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open
      274 words
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      Lock icon CHICAGO BOT
      103 25 Jul 1 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1628.00 1605.00 1629.00 1605.00 Aug 08 1623.00 1598.00 1623.00 1596.00 Sep 08 1615.00 1584.00 1610.00 1578.00 Nov 08 1610.00 1574.00 1611.00 1570.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 66.71 66.04 66.65
      103 words
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      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Juli CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 142.27 1.98 WTI (Near Mth) 141.42 1.18 Dubai (1-Mth F) 137.3 -0.05 Tapis blend 148.75 -0.6 Minas 144.5 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 132.38 171.60 -2.00 0.2 US$/barrel US! Opec Oil
      76 words
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      Lock icon INTERBANK CROSS RATES
      464 25 Jul 2 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.980 6.596 0.607 7.493 41.586 88.629 1.020 10.001 3.145 1.266 66.268 43.402 1.308 7.574 0.978 29.176 32.075 0.483 0.961 Canada 1.020 6.731 0.620 7.647 42.438
      464 words
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      Lock icon GOVERNMENT SECURITIES
      88 25 Jul 2 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****Z 02.10.08 1-Year BY*****N 04.05.09 0.48 0.93 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's ah Low Hii 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
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      Lock icon SIBOR
      74 25 Jul2 (US$) (S$) 2.***** 0.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 9 mths ZZZZZZZZZZW.***** 12 mths 1.***** SWAP Mid rates
      74 words
    • Article
      Lock icon PALM OIL
      65 25 Jul 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Jul 08 3554 Aug 08 3574 Sep 08 3595 Oct 08 3594 Total o/p: ***** contracts 3545 3554 3528 3605 3605 3574 3616 3626 3581 3624 3636 3590
      65 words
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      Lock icon PRECIOUS METALS
      130 25 Jul 2 GOLD (USS/oz) JulO2 JulOI Hong Kong London 937.20 CLSG 938.20 Jul 01 Jun 26 942.40 912.90 943.40 913.90 Source: Reuters CAST BAR e» JulO2 Buying Sellim Kilobar 44,085.07 PAMP GOLD BARS (S$) Selling ***** Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS
      130 words
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      Lock icon LONDON METALS
      68 25 Jull Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3106.20 3065.00 3 months 3155.00 3114.00 Copper, Grade A (US$/tonne) Cash 3 months 8793.50 8612.50 8693.00 8510.00 Lead (US$/tonne) Cash 1738.50 3 months 1765.00 1763.50 1790.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00
      68 words
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      Lock icon LIFFE
      78 25 Juli\ COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1795 1758 1800/1749 SepO8 1744 1705 1748/1691 Dec 08 1702 1660 1706/1648 Mar 09 1664 1621 1665/1610 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2565 2480 2567/2475 SepO8 2529 2480 2533/2470 Nov08 2475 2406 2477/2414 Jan 09 2403 2363 2410/2359
      78 words
    • Article
      Lock icon BONDS & WARRANTS
      4116 25 BONDS WARRANTS Fel Zode Com| Last Sale Vol Conv Exer +or- ('OOP) Ratio Price Disc Gear- Mths ing Left >am IOSS Advance Modules Grp W*****3 6 >036 Advance SCT Ltd W*****9 3 ArianeCorp Ltd W*****9 0.5 unch 200 )092 Asia Environment W*****4 16 1481 Asia Water Tech Ltd W*****0 18.5
      4,116 words
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      3081 26 The Business Times Shipping Times dM KP| SES 3jfflH 1 1 WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R U IJ:laHlMiWaM>BkalalWlißeß otSA lII*. TEL *****588 (14 LINES) FAX: *****163 1 ■^^^iTtf^P^^B Bm_KSSI BSm&M I V\\M 1 IA/AN HAI INrN <**"»« SennVe/Booldngs Drect Lin (1800)*****200 __^^^____^Lj M* I I 1"1"*1* I
      3,081 words
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      3230 27 to AUSTRAL ASIA LINE ZZ^ZZZZJ |^3| H H H HII I S Q®!?^^ |A!_X-J asia AUSTRALIA SERVICE Accepting Container/LCL/Breakbulk/Project r o-t.-t' ISiZ.l^lirrljjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj^^ I^^^ WEEKLY EXPRESS SAILING SCHEDULE I CAPE MORETON 08A8 17/07 24/07 27/07 07/08 10/08 14/08 18/08 I M_M|R nsnTntNll7iWninjT?TlWWT7faTjln^^ CAPE PRESTON 09A8 28/07 06/08 17/08 20/08 24/08 28/08
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      3678 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • BIZIT
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      Lock icon S'pore mfq IT spending set to fall
      833 29 Soaring oil prices, fears of US recession among destabilising factors, Manufacturing Insights tells AMIT ROY CHOUDHURY HIGH oil prices, fears of a possible recession in the US and several other destabilising factors are expected to take their toll on Singapore's manufacturing sector IT
      IDC Manufacturing Insights, 2008  -  833 words
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      Lock icon Nokia mobile phones to 'come with music' soon
      522 29  -  WINSTON CHAI Unlimited music downloads to be bundled into price of selected devices APPLE may have introduced the controversial re-venue-sharing stratagem into the handset industry but Nokia could be the first phone manufacturer to apply this unique business model in Singapore through
      522 words
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      Lock icon Macquarie Telecom to spend $22m expanding operations in S'pore
      651 29  -  ONG BOON KIAT By AUSTRALIAN-LISTED Macquarie Telecom, which sells managed data and voice network services to medi-um-size businesses, plans to spend up to $22 million expanding its Singapore operations over the next two years, says Larry Morgan, managing director of Macquarie
      651 words
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      171 29 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      171 words
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  • PROPERTY
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      Lock icon Hi-tech rents, occupancy rates up
      529 30  -  EMILYN YAP Insufficient and expensive offices drive tenants to business parks, leading to 6.8% rise q-o-q RENTS and occupancy rates for hi-tech and business park space were lifted in the second quarter of this year by spillover demand for office space, property consultants say. And
      FILE PHOTO  -  529 words
    • Article
      Lock icon It pays to ask the women
      389 31 ■NYT Property developer gets women focus group to help design mixed-use centre IN designing shopping centres and mixed-use properties, Trademark Property Co of Fort Worth, Texas, used to do what many developers do: put together teams of professionals like architects, designers and building consultants;
      ■NYT  -  389 words
    • Article
      Lock icon Retail property market remains stable in Q2: DTZ
      358 31  -  NISHA RAMCHANDANI Turnover rents rise; limited growth for fixed gross rents BUOYED by positive consumer sentiment and the Great Singapore Sale period, the retail property market remained stable in the second quarter of this year, according to a market report by real
      358 words
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      1385 30 _fIP __________X jfAm ____AIL t_L_____________HL. Ittl Be Still, My Heart.„ I historical conserved, one of a kind I II unique L-shaped inward looking house 4 bedrooms, 2 maids, 2 lounges, 4 terraces 5 minutes from the financial district in Blair Rd in ground swimming pool with drawbridge old world charm
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      980 31 For Lease Office: 565 to 29,000 sqft Outside CBD/ Free Shuttle Bus Service to MRT Station Panoramic city/ sea view Broadband enabled/ SCV Service available Ample carparking space Hong Fok Group Tel: 6390 2425/6292 8181 For Lease HI Business Space Jalan Pemimpin Office Production Near future Circle Line Warehouse MRT
      980 words
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  • PRIME OF HEALTH
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      Lock icon Dedicated to ending suffering
      1072 32 CLARISSA TAN finds out how the Asian Pain Centre goes about assessing, managing and treating physical pain OUCH. Your back is hurting. You noticed it weeks ago, but now it's getting worse. The feeling ranges from mild to simply excruciating or, as Singaporeans would say, "very
      1,072 words
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      154 32 This is the third of a 12-part series brought to you by NOVENA Medical Center NOVENA Medical Center Quality Healthcare. Modern Facilities. Convenient Location. Comprehensive Medical Care. "T_j'«#Bi ,^PHjK :<i Designed to provide the best healthcare experience in the region, Novena Medical Center centre, medical suites with seamless IT and
      154 words