The Business Times, 5 July 2008

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Total Pages: 22
1 22 The Business Times
  • 25 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents ajp* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 122/12/2007 July 5 6,2008 online at http://www.businesstimes.com.sg
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  • 597 1  -  MELISSA YEO DIONDI TAN Some look to dodge the new ERP charges, others just bite the bullet [SINGAPORE] With the new Electronic Road Pricing (ERP) gantries and rates poised to nibble at their wallets from Monday, some Singaporeans are furiously
    597 words
  • MARKETS DIGEST
    • 44 1 :ri lay lange 1 COMP 1134.14 -19.56 IIKKEI225 13,237.89 -27.51 IANG SENG 21,423.82 +181.04 ;et index 743.03 +00.88 JAKARTA COMP 2,314.75 +28.14 1ANILA COMP 2,369.21 +29.37 ;eoulcomp 1,577.94 -28.60 ;henzhenb 466.17 -1.52 IUMBAI IND 13,454.00 +359.89 12NOON EDT Cham )OW Closed IASDAQ Closed
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.703 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.86 INDIA 12.75 Source
      : Bloomberg  -  29 words
    • 37 1 IS$ (S$ per US$) 1.361 (US$/S$ per 1.982 2.698 iURO (US$/S$/E) 1.571 2.139 'EN 106.70 78.40 3.267 2.400 IK$ 7.797 5.729 !AHT 33.47 24.59 lUPIAH 9,215 6,771 1ENMINBI 6.861 5.041 INDIAN RUPEE 43.19 31.73 1.039 0.763
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  • 807 1  -  SIOW LI SEN Private banks in high-stakes race to wow clients and woo millionaires [SINGAPORE] Tread carefully near the Padang during the last weekend of September. Otherwise, chances are you'll be stepping on one of the thousands of millionaires that the city's
    807 words
  • Page 1 Advertisements
    • 3 1 8 *****1 *****4
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    • 115 1 Strategically located at One Orchard Boulevard, Camden Medical Centre is just minutes from Gleneagles Hospital, Mount Elizabeth Hospital and luxury hotels such as The Regent Singapore and Four Seasons Hotel Singapore. Designed by Pritzker Prize Laureate Richard Meier whose works include the Getty Museum in Los Angeles, this 1 8-storey
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  • Page 1 Miscellaneous
    • 73 1 PAGE 22 PAGE 17 L Gym Kit! PAGE 7 I Shaukat Aziz f looks back •In the eight years I was vjfc| 1 in office, I didn't take a single day off. Not one. Not even Sundays. Because there was y J so much to be done. J J Pakistan's
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  • TOP STORIES
    • 588 2  - Retail therapy to bargain hunt GSS goes low key NISHA RAMCHANDANI Muted economic climate makes it harder for labels to attract buyers [SINGAPORE] As the Great Singapore Sale (May 23 July 20) starts to draw to a close, figures reveal that sales are seeing some growth. However, some retailers say
      588 words
    • 362 2 AP, Bloomberg [TAIPEI] Hundreds of mainland Chinese tourists some in matching pink shirts arrived in Taiwan yesterday on the first regular commercial flight in nearly six decades, a historic move aimed at further easing tensions between the old foes. A China Southern Airlines flight
      AP, Bloomberg; XINHUA  -  362 words
    • 479 2 AP, Bernama [KUALA LUMPUR] A private detective yesterday withdrew a sworn statement which suggested that Malaysia's deputy prime minister had sex with a slain Mongolian woman, saying that he made the claim under duress. The stunning reversal by Balasubramaniam Perumal less than 24 hours
      AP, Bernama  -  479 words
    • 538 2  -  ARTHUR LEE SATURDAY SOAPBOX A SMALL organ in our bodies that measures 9-13 cm in diameter caught the interest of many this past weekend. For the first time in Singapore, the courts have had to deal with a case of human
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    • THREE-MINUTE DIGEST
      • 54 2 BENEFITING from public equity's strong showing last year, private equity funds in the Asia-Pacific raised a whopping 221 per cent more capital in the first-half of 2008 than they did in first-half 2007. But bleak market sentiment could weaken this uptrend soon.
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      • 65 2 DAYEN Environmental executive chairman John Lee has been forced to sell 16.2 million shares, regulatory filings showed yesterday. Mr Lee sold 4.5 million shares at 16 cents apiece on July 2 and 11.7 million shares at 13 cents each the next day
        65 words
      • 59 2 810-TREAT Technology and Abax Lotus have agreed to settle their dispute out of court, with Bio-Treat making a settlement payment of an undisclosed sum. Abax Lotus had in March sued Bio-Treat in a US court to recover US$4.2 million in damages for the
        59 words
      • 51 2 SINGAPORE'S first zero energy building project has attracted six bids for the main tender and interviews with four "serious" bidders will start next week. Bids for the job to convert the BCA Academy ranges from $10.4 million to $11.8 million. SINGAPORE NEWS, PAGE
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      • 37 2 ECONOMISTS project weaker second-quarter GDP growth for Singapore. But wages growth, negative real interest rates and other factors may provide support for the rest of the year. SINGAPORE NEWS, PAGE 9
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      • 52 2 MALAYSIAN equities plunged at the opening yesterday a day after a computer failure forced the exchange to scrap trading. The market fell almost 26 points at the outset yesterday but clawed back to close at just 19.56 points down at 1,134.14. M'SIA/INDONESIA,
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      • 64 2 INDUSTRIAL Commercial Bank of China Ltd, the world's biggest by market value, advanced by the most in over a month in Hong Kong trading after saying first-half profit probably rose by more than 50 per cent. Beijing-based ICBC paced banks higher, increasing to
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      • 69 2 BATTERED Swiss bank ÜBS yesterday said that it should be saved from a hefty loss in the second quarter by a large tax credit, giving a much-needed boost to its share price. It expects to break even or make a small
        69 words
  • Page 2 Advertisements
    • 462 2 In the matter of The Companies Act, Cap. 50 and In the matter of PRELUDE MARITIME PTE LTD (Co. Reg. No. *****6916 C) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 3 Shenton Way #03-12 Singapore *****5
      462 words
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  • Page 2 Miscellaneous

  • THE RAFFLES CONVERSATION
    • 1546 3 Shaukat Aziz, Pakistan's former prime minister and finance minister, as well as an ex-Citibanker, talks to VIKRAM KHANNA about his eight years in office and the unfolding global financial crisis PAKISTAN'S former Prime Minister Shaukat Aziz has a new visiting card. It has no address and
      ARTHUR LEE  -  1,546 words
    • 964 3 THERE would be few people who have seen banking and financial turmoil as close up, and from as many angles, as Shaukat Aziz. In his 30-year-long career at Citibank alone, he had first hand experience of several banking crises. In particular, during the
      964 words
  • Page 3 Advertisements
    • 106 3 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels T"^v fT^\ Resorts. Ranked second among the world's top 9 /-v I I I hotel brands in the 2006 Conde Nast Traveler '^l jA I Business Travel Awards, Raffles Hotels Resorts A L-i-V^WJ is a collection
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  • COMPANY NEWS
    • 441 4  -  EMILYN YAP But bleak market sentiment may weaken uptrend: industry player BENEFITING from public equity's strong showing last year, private equity funds in the Asia-Pacific raised a whopping 221 per cent more capital in the first-half of 2008 than they did
      441 words
    • 594 4  -  R SIVANITHY STOCKS IN the fabled "Chinese water torture", it is the presence of water, normally a life-giving element, which drips onto the head of a person and eventually drives the victim insane or to death. In today's stock market, it is the
      594 words
    • 220 4  -  CHEW XIANG SINGAPORE-listed water firm Hyflux said yesterday that it is setting up a $300 million multi-currency debt issuance programme with DBS Bank and Standard Chartered Bank as arrangers and initial dealers. The net proceeds will be used to finance Hyflux's investments or
      220 words
    • 524 5  -  JAMIE LEE Disposal initiated by finance institution slashes his stake to 10.4% from 18.4% DAYEN Environmental's executive chairman John Lee had to sell 16.2 million shares in the past few days, regulatory filings showed yesterday. Amid a huge sell-off this week that
      FILE PHOTO  -  524 words
    • 252 5  -  CONRAD TAN COURTS Singapore could soon be delisted, a year after it was taken over by two private equity groups. In a stock exchange filing last night, the furniture and appliance retailer said its majority shareholder Singapore Retail Group (SRG) now owns more than
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    • 147 5 Bloomberg HEALTHWAY Medical Corp, a medical service provider in Singapore, fell 38 per cent on its first day of trading in the city state yesterday. The stock declined 13.5 cents, to 22.5 cents at the close in Singapore, from the initial
      Bloomberg  -  147 words
    • 158 5 Reuters STATS ChipPAC, a Singapore semiconductor test and packaging firm, said yesterday its noteholders would sell about US$365 million worth of debt back to the firm. Investors who hold 98.09 per cent of STAT's US$l5O million 7.5 per cent senior notes due 2010
      Reuters  -  158 words
    • COMPANY BRIEFS
      • 64 5 SEMBCORP Marine said that US drilling firm Atwood Oceanics Pacific has exercised an option to construct a second oil rig with its Jurong Shipyard unit, according to Reuters. Contract details are being discussed and a further announcement will be made at a later date,
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      • 57 5 PENGUIN International's offer of 88 million new shares in a private placement has been fully subscribed at 15.7 cents each. The placement shares represent 16.7 per cent of the company's enlarged share capital. Penguin said that it intends to use the estimated $13.8 million in net
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      • 67 5 MANUFACTURING Integration Technology Ltd warned that it expects a net loss for the six months to end-June, based on a preliminary assessment of the group's first-half performance. It said that the loss is the result of various factors such as the current weak market for semiconductor
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      • 40 5 FRASERS Centrepoint Trust has appointed Lim Ec Seng, 57, non-executive chairman. He has been acting chairman since October 2007. Mr Lim was formerly managing director of MCL Land and chief executive officer of Frasers Centrepoint Ltd.
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      • 76 5 INFORMATICS Education's auditors Ernst Young have issued a qualified opinion on its financial statements for the year to end-March, due to an ongoing dispute over a $4.2 million sum in respect of a contract for the purchase of training materials. The auditors added that the
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    • 483 7  -  LYNETTE KHOO Latter had sued to recover USs4.2m as damages for credit deal collapse 810-TREAT Technology and Abax Lotus have agreed to settle their dispute out of court, with Bio-Treat making a settlement payment of an undisclosed sum. Abax Lotus had in March
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    • 274 7  -  MICHELLE QUAH MIDAS Holdings said yesterday that its associated company Nanjing SR Puzhen Rail Transport Co (NPRT) has signed a deal to carry out rail-car repair and maintenance in China through a joint venture with Nanjing Metro Industrial Group Co (NMIG). The
      FILE PHOTO  -  274 words
    • 206 7 11VJ. LIIC Bloomberg [BANGKOK] Total Access Communication Pel, Thailand's second-biggest mobile-phone operator, said chief executive officer Sigve Brekke will resign effective Sept 1. The company named Tore Johnsen as his replacement, according to statements filed to the Singapore exchange yesterday. Mr Johnsen,
      11VJ. LIIC – Bloomberg  -  206 words
  • Page 4 Advertisements
    • 2556 4 \3 VALUETRONICS HOLDINGS LIMITED FM HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Incorporated in Bermuda) (Co. Reg. No: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of FM Holdings Limited (the "Company") will be held at The
      2,556 words

  • Page 5 Advertisements
    • 331 5 parkwayhealth.com fcj^— ~~~~~~BHIMM B^Br 'i fß\l -.3 lII B^K BEt"/ H only the best artillery Comprising three of Singapore's premier private healthcare At the forefront of medical advancement, we now provide W j facilties Gleneagles, Mount Elizabeth and East Shore the world's best dynamic volume CT imaging system at Hospitals
      331 words

  • PERSONAL INVESTMENT
    • 1035 6  -  JOYCE HOOI ComfortDelGro Corp July 4 close: $1.49 CIMB-GK Research, July 4 WHILE costly fuel is a concern for regulated public-transport companies like ComfortDelGro (CD) in Singapore, CD is able to pass through higher fuel costs in its overseas bus operations. Domestically, an application for a fare hike
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    • 1816 6  -  TEH HOOI LING SHOW ME THE MONEY And its most valuable lesson: Take profit and recycle capital into better assets Senior Correspondent TWO weeks back I was invited to play Robert Kiyosaki's CASHFLOW 101 board game by a friend who works at Walton
      REUTERS  -  1,816 words
    • BT SHARE INFORMATION SERVICE
      • 738 6 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After COOP) COOP) Stock Kim Eng Hldgs 4-Jul-08 LauWaiKwok Buy 155 1.61 1068 0.18 1223 0.21 Asia Tiger 3-Jul-08 On Wang Sang Wilson «B/R ***** na ***** 17.05 *****1 17.05
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      • 284 6 COMPANY MEETING PLACE DATE TIME CMZ Hldgs A 168 Robinson Road E Capital Tower, 9th Floor FTSE Room, Singapore *****2 10-Jul 10.00am 11.00am Rowsley A 87, Science Park Drive Science Park 1, Science Hub Level 1 (Buona Vista Room), Singapore *****0 SMRT Corp A Raffles City Convention Centre
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  • Page 7 Advertisements
    • 144 7 ZAP X 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! To Zap: 1) Download Color Cam™
      144 words

  • SINGAPORE NEWS
    • 479 8  -  JAMIE LEE But contractors sound caution with requests for longer warranty period SINGAPORE'S first zero energy building (ZEB) project has attracted six bids for the main tender and interviews with four "serious" bidders will start next week, the Building and Construction Authority (BCA)
      479 words
    • 232 8  -  LIM WEN JUIN SEVEN companies were the big winners at this year's Singapore HR Awards organised by the Singapore Human Resources Institute (SHRI). HSBC Singapore, IBM Singapore, McDonald's Restaurants, National Parks Board, Public Service Division, Singapore General Hospital and Singapore Press Holdings all received
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    • 214 8 THE Economic Development Board (EDB) said yesterday it has awarded $10 million to eight solar energy research teams under the clean energy research programme. The eight proposals were chosen from 60 submissions in this first grant call, on the back of Singapore's growing interest
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    • 336 8 Average price is $870-900 psf; buyers mostly Singaporeans MORE than 50 units have been sold at Kovan Residences since a private preview party last Saturday. The average price at the 99-year leasehold condominium next to Kovan MRT Station is between $870 per square foot (psf)
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    • 491 8  -  ONG BOON KIAT DIGIPEN Institute of Technology, which has produced graduates that have gone on to work on blockbuster games like Half Life 2, Portal and C ounter strike, will open its doors here in September to an initial batch of 40 students.
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    • 156 8 FOR the third year running, AIA and the Singapore Cancer Society (SCS) will hold a charity golf tournament. Like the two previous events, this year's tournament will be held at Tanah Merah Country Club's Tampines Course on July 16. Cars will be
      156 words
    • 358 9  -  EMILYN YAP But negative real interest rates may help underpin Q3, Q4 ECONOMISTS project weaker second-quarter GDP growth for Singapore. But wages growth, negative real interest rates and other factors may provide support for the rest of the year. HSBC economist Robert Prior-Wandesforde expects
      FILE PHOTO  -  358 words
    • 206 9 MERRILL Lynch has appointed Antony Hung, formerly head of fixed income, commodities and currencies of Merrill's global markets and investment banking division, to become head of Pacific Rim wealth management. The position, a newly created one, signals the intent to further develop tailored
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  • Page 8 Advertisements
    • 534 8 Cbse to I SIC SD^S IMIVA^S w IN THE MATTER OF THE V W _^--w BUT nDTHXHG THAT SHE C4ITT H,ATOCi.E» 1 I Bl^hM*^ W^ COMPANIES ACT, CAP. SO .^B AND k H I VJ IN THE MATTER OF H VH I H "H AL KHALEEJ INVESTMENTS I I I
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  • Page 9 Advertisements
    • 490 9 LERENO 810-CHEM LTD (the "Company") (Registration No. *****1961 C) I (Incorporated in the Republic of Singapore) I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at National Library Building, Level 5, Imagination Room, 100 Victoria Street, Singapore *****4 on 28 July 2008 at
      490 words
    • 2163 9 VALUETRONICS HOLDINGS LIMITED (Incorporated in Bermuda on 18 August 2006) Registration No.: ***** NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Valuetronics Moldings Limited (the "Company") will be held at Anson II Level 2, M Hotel Singapore, 81 Anson Road, Singapore *****8 on
      2,163 words

  • INDONESIA
    • 687 10 Reuters New detentions may shed light on links between different militant Islamic groups in Indonesia [JAKARTA] THE detentions of Islamic militants suspected of plotting to attack Western targets in Indonesia show how groups are evolving after recent setbacks and remain dangerous, analysts and police
      Reuters  -  687 words
  • Page 10 Advertisements
    • 3089 10 LERENO 810-CHEM LTD I (Incorporated in the Republic of Singapore) (Registration No. *****1961 C) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at National Library Building, Level 5, Imagination Room, 100 Victoria Street, Singapore *****4 on Monday, 28 July 2008 at 11.00 a.m.
      3,089 words
    • 1389 10 Z-OBEE HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Z-Obee Holdings Limited ("the Company") will be held at Suntec Singapore International Convention Exhibition Centre, Meeting Room 207, Level 2, 1 Raffles Boulevard, Suntec City, Singapore
      1,389 words

  • MALAYSIA/INDONESIA
    • 537 11  -  PAULINE NG Selling of blue chips and big caps takes market down to 1,134.14 points in Kuala Lumpur MALAYSIAN equities plunged at the opening yesterday, a day after a computer system failure forced the stock exchange to scrap trading. The market fell
      AP  -  537 words
    • 459 11 Reuters [JAKARTA] Indonesia plans to renegotiate existing mining contracts to seek more revenue for the country, the energy minister said on Thursday, a move analysts said would hurt investment in the mining sector. Indonesia is keen to earn more revenue from the
      Reuters  -  459 words
    • 504 11 Move may result in a meltdown of debt, equity markets: industry source [KUALA LUMPUR] Malaysia's independent power producers (IPPs) fear that the windfall tax imposed on them by the government will have a negative impact on the local bond market as well
      504 words
    • 334 11 -AP [KUALA LUMPUR] Malaysia's Opposition-backed protesters vowed yesterday to go ahead with a mass rally against a steep hike in fuel prices, despite a police warning that it was illegal. The hardline stance raised fears of clashes during the rally scheduled for
      -AP  -  334 words
    • 151 11 Reuters [KUALA LUMPUR] Malaysian exports rose 22 per cent in May from a year earlier to a new record, the government said yesterday, beating market expectations. Exports totalled RM60.6 billion (5525.2 billion) in May the highest monthly exports ever recorded thanks to higher exports
      Reuters  -  151 words
    • 2211 11 VOL C000) Iul4 RM ASM Realty 0.56 \bric Bhd 0.14 advance Synergy 0.09 Adventa Bhd 1.04 AeMuIti Hldgs 0.23 Affin Holdings 1.78 Ahmad Zaki Resou 0.73 AicCorp 0.50 \irasia Bhd 0.90 Akn Technology 0.39 alliance Financi 2.64 aluminium Co 0.96 Amalgamated Ind 0.42 tamb Hldgs Bhd 3.14 Amtel
      2,211 words

  • GREATER CHINA
    • 586 12 Bloomberg Wayne Pai was out on bail over share purchase from relations of execs [TAIPEI] Polaris Securities Co chairman Wayne Pai, missing after media allegations that he bought an honorary degree, was found dead in an apparent suicide, president Peter Huang said. The
      Bloomberg  -  586 words
    • 355 12 Bloomberg [SHANGHAI] Industrial Commercial Bank of China Ltd, the world's biggest by market value, advanced by the most in over a month in Hong Kong trading after saying first-half profit probably rose by more than 50 per cent. Beijing-based ICBC paced banks higher,
      Bloomberg  -  355 words
    • 224 12 Bloomberg [SHANGHAI] China's mutual funds that buy stocks lost 41 per cent of their value in the first half of the year as equities slumped and investors sold units, according to data compiled by China Galaxy Securities Co. The combined net asset value of
      – Bloomberg  -  224 words
    • 211 12 Bloomberg [TAIPEI] China Airlines, Taiwan's largest carrier, said it will sign cooperation deals with the mainland's three largest airlines to expand its routes through the country. "Code-sharing is the next step," Scott Shih, vicepresident of the Taipei- based airline said aboard the
      – Bloomberg  -  211 words
    • 440 12 AFP [WASHINGTON] US President George W Bush will attend the Aug 8 opening ceremonies of the Beijing Olympic Games despite appeals from human rights activists that he boycott the gala, the White House said on Thursday. Mr Bush, who had always said he
      AFP  -  440 words
  • Page 12 Advertisements
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    • 99 12 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email I notices@sph.com.sg. I RESULTS (IN ENGLISH AND CHINESE) Find of the day: World beating swim 1952 1900-911-0002 Calls at $0,535 /min(inclusive of GST) m m I Dive into the amazing,
      99 words

  • INDIA
    • 488 13 AFP Four-party bloc meets to discuss separation from Congress-led govt [NEW DELHI] India's coalition government was undergoing a major shake-up yesterday with the dominant Congress party to push ahead with a controversial nuclear deal with the United States and ditch left-wing allies.
      AFP  -  488 words
    • 277 13 Bloomberg Political friction and truckers' strike add to woes [NEW DELHI] India's inflation accelerated to the fastest pace in more than 13 years, strengthening the case for the central bank to increase borrowing costs this month. Wholesale prices rose 11.63 per cent in
      Bloomberg  -  277 words
    • 142 13 Bloomberg [MUMBAI] India's monsoon, which accounts for four-fifths of the nation's annual rainfall, has been 21 per cent above average so far this season, boosting sowing of soybeans, rice and corn, the weather office said. The nation received 217.1 mm of rainfall between June
      Bloomberg  -  142 words
    • 8411 13 UNIT TRUST FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.04/ AIGIF Spore Bond Fund/A 1.317/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.91/ APS Alpha Fund (USD) 0.67/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9506/ APS Komaba Global
      8,411 words

  • WORLD
    • 413 14 Reuters BIOFUEL DEBATE World Bank report says that biofuels forced global food prices up by 75% [LONDON] Biofuels have forced global food prices up by 75 per cent far more than previously estimated according to a confidential World Bank report published in a
      Reuters; AP  -  413 words
    • 459 14 AP UN calls for rethink as food shortages hit Africa hard 1 [BRUSSELS] Europe and the US must reconsider their biofuel policies because of rising food prices around the world, aid officials and food policy experts urged on Thursday. Speaking at an international
      AP  -  459 words
    • 8832 14 Transaction date: Jul 4 !-wks Tel Low Code Last Sale Vol ('000) lay Low Bi .as1 Quote Seller Div C'vr Net P/E I Cap $mil Hii Coi Hii 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp 24.5
      8,832 words
    • 721 15 Reuters Wage rises would plunge Europe back into oil-supply crisis of 1973, he insists [PARIS] If pay rises have been modest for years, why is the European Central Bank (ECB) talking up the risks of a "wage-price spiral" reminiscent of recession and the
      Reuters  -  721 words
    • SGX
      • 61 15 VOLUME Healthway 31,556,000 China Honqxinq 25,993,000 Sing Tel 23,844,000 Dayen 21,739,000 Golden Agri 20,435,000 ChinaFibreT 20,062,000 Noble Grp 19,856,000 Gent Intl 19,751,000 DBS DB eCWOBIOI3 18,933,000 CoscoCorpDßeCWoBo929 15,410,000 Clob VALUE Sing Tel 82,914,736 S I A 54,423,288 DBS Grp 49,287,471 Capita Land 46,912,384 HKLand 44,884,711 Noble Grp
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      • 99 15 CLOSE UP India Nift' 10 1239 44.0 3.7 ir China H 10US$ 1462 32.7 1.7 Cit; lev 1090 24.0 2.3 Great Eastern 1680 22.0 1.3 SIA200 1416 22.0 1.6 OCBCCai i3.93%Pref10 9880 20.0 0.2 HK Land 417 19.1 3.5 S I A 1410 18.0 1.3 Kei i Con MBLJCW*****0
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      • 116 15 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN LP 10US$ 9220-122.4 -1.0 lain irm 458 -25.9 -4.0 Izra 227 -12.0 -5.0 in« I Tel DBeCW*****0 30.5 -12.0 -28.2 IOB 1848 -12.0 -0.6 :lux 275 -11.0 -3.8 ini iTel MEReCW*****8 -10.0 -58.8 IH 228
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    • 91 15 Up Down Unch 9 5 2 Up Down Unch 0 0 0 Up Down Unch 9 5 2 lulti Ind lanufacturim 56 79 46 13 59 87 59 Commerce 22 26 15 25 30 18 itor/ lomms :inance 10 15 10 15 Construction 10 'rot lotels/Rsts iervices
      91 words
    • 122 15 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 14,012 14,012 62,720 62,72! lanufacturini 161, 167 18,938 180, 105 126,879 1,937 128,816 lommerce 51,943 23,607 75,550 63,412 6,408 69,82! .r/C< 68,106 93 68,199 196,243 J3_ 196,255 :i nance 17,076 17,076 146,275 146,275 lonstruction 16,287 21,221 37,508 3,010 848
      122 words
    • 101 15 :apitaLand 5.790 +0.070 :apitaMal 3.120 +0.030 :ityDev 10.900 +0.240 :osco Corp 3.080 -0.020 IBS Grp 18.680 +0.020 :&N 4.470 +0.020 lent Intl 0.565 -0.005 IK Land 4.170 +0.140 ISH 16.980 +0.080 lardine C&C 16.780 +0.020 :eppel Corp 10.660 +0.140 leppel Land 4.730 -0.020 IOL 3.010 loble
      101 words
    • 1087 15 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 8756 Asiatic Grp (H) Ltd W*****2... 7.5 -2.5 12 1 3 -5 1.47 26 2259 China Life Ins BNPECW*****1 2.5 -2 2 0.1 1019 2 4014 Capita land BNP
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    • 2101 15 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
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    • 79 15 52-Wk Tel h Low Code Last Sale Vol COOP) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Hi< Com Hi< 200 116 6065 Diamonds 6200 6200 6095 ISDJUSTech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS
      79 words
    • 60 15 Hii |h Low Code Comi >an' Sale COOQ) Hii Low Bui rer Seller C'vr P/E Sinil 132.7 59 6000 AVJennings... 21 4 6134 Over&Gen 60.5 17.5 6017 StarCruises.... 320 199 6019 TanChonglnt ...A61 ...A8 .US19 .HK221 +0.5 923 19 18.5 59 6 18.5 219 60 13 19 229
      60 words


  • ASIA-PACIFIC/WORLD
    • 462 16 Reuters News comes as a surprise as market expects loss of 2-7b Swiss francs [ZURICH] Battered Swiss bank ÜBS yesterday said that it should be saved from another hefty loss in the second quarter by a large tax
      Reuters; AP  -  462 words
    • WORLD WATCH
      • 47 16 Reuters [TOKYO] Japan's US$l.4 trillion public pension fund, the world's largest, said yesterday that it posted a negative return on its investments the last business year ended March, the first time in five years, with a 5.8 trillion yen(Ss74.l billion) loss.-
        Reuters  -  47 words
      • 79 16 Bloomberg [BASEL] Leveraged-buyout loan defaults may be "significantly higher" than ratings companies' estimates as about US$5OO billion of debt used to fund the takeovers comes due, the Bank for International Settlements said. Companies bought by private-equity firms worldwide must repay the high-risk, high-yield loans
        Bloomberg  -  79 words
      • 60 16 Reuters [SEOUL] South Korea said yesterday that it planned to help local companies win more construction projects abroad, especially in energy-producing countries. The government will set up a 2 trillion won (552.6 billion) fund with the private sector this year to support local
        Reuters  -  60 words
      • 63 16 Bloomberg [LONDON] Qatar purchased stock in J Sainsbury, the UK supermarket chain it proposed buying last year for £10.5 billion (5528.3 billion), for the second time in as many weeks. The Qatar Investment Authority owns a 26 per cent stake after buying 12.4 million shares
        Bloomberg  -  63 words
      • 79 16 Reuters [NEW YORK] Goldman Sachs said that the European banks sector needs to raise about 60 billion euros (*****.3 billion) to 90 billion euros, or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 per cent a level
        Reuters  -  79 words
    • 264 16  -  NISHA RAMCHANDANI Singapore accounts for five out of 1,573 projects in total FOREIGN investment in the UK from the Asia-Pacific grew 25 per cent year on year in 2007-08 more than double the global rate. More than 400 companies from the Asia-Pacific ci-
      264 words
    • 503 16 Bloomberg [LONDON/WASHINGTON] JPMorgan Chase, which acquired Bear Steams Cos in May, is eliminating as much as 10 per cent of jobs at its European investment banking unit after advisory fees declined, two people with knowledge of the matter said. The reductions, which began
      Bloomberg  -  503 words
    • 373 16  -  MARTIN HUTCHINSON TURKEY is politically at a cusp, with the legal system and the military both trying to remove the elected moderate Islamist government. It's also at an economic cusp, needing declining energy and commodity prices to avoid payments and inflation crises. It needs luck on
      AFP  -  373 words
    • 603 16  -  ANTHONY ROWLEY ASIAN Development Bank president Haruhiko Kuroda yesterday played down the chances of a new financial crisis erupting in Asia, despite double-digit inflation in parts of the region and what he called growing fiscal stresses and balance of payments problems.
      603 words
    • 647 16 NYT [PARIS] A housing market in shambles, inflation at the highest level in years and signs that the economy is headed for, or already in, recession. Sound familiar? The British economy, like its counterpart across the Atlantic, has fallen on hard times, and in
      NYT  -  647 words

  • MOTORING
    • 505 17  -  SAMUEL EE F1 WATCH Unpredictable weather and parasite-contaminated drinking water threaten to put a spanner in the works WATER, water everywhere. But not a drop shall you drink. Or witness falling on the track. Hopefully. Tomorrow's British Grand Prix at Silverstone could be
      505 words
    • 623 17 The new Rolls-Royce Phantom Coupe is designed for luxurious long-distance driving, says SAMUEL EE CALL it special, sybaritic or even sublime but one word Rolls-Royce does not want to use to describe its new coupe is "sporty". Just like the legendary remark that
      623 words
    • 305 17 IT may look as though Rolls-Royce simply fashioned a metal roof for the Phantom convertible and turned it into a coupe with exposed exhaust pipes. But there is a lot more to the new two-door model than meets the eye. For one, the Phantom Coupe feels
      305 words
    • 529 17  -  C V CHEW THE Scirocco both the first and second generation is the best-selling Volkswagen coupe of all time. It was the sexy alternative to the utilitarian Golf, although it was more about show than go. But last week in Lisbon, the new third-generation
      529 words

  • GOLF
    • 1094 18 Leaving the game is inevitable for all but when it is planned, athletes are more mentally prepared, reports JUSTINE MOSS LIKE everyone else, professional athletes face the reality of retirement. There are those who call it a day when they are at the top of
      AP  -  1,094 words
  • Page 18 Advertisements
    • 609 18 Wine&dine with weekendßT Mezeßar Oscar's lunch and dinner buffet menus, from fresh T T i ri New Set Lunch and Dinner Menus aaa n i. j n jir -i m j• a- seafood, soups, enticing oca and Internationa dishes, IheCate r 333 Orchard Road, Mentus Mandarin Singapore, ~v 3 Global
      609 words

  • WELLNESS
    • 846 19 It's more dangerous than say, alcoholism, because it may not show up physically and that adds to the denial, reports MELISSA HENG JIMMY Tan is a typical shirt-and-tie finance executive by day and an all-powerful cyber warlord by night. The 28-year-olds self-confessed Jekyll and Hyde
      PHOTOS: REUTERS  -  846 words
    • 866 19  -  LYNN KAN DON'T let blurred vision blind you to apparent alternatives to Lasik, contact lenses or spectacles for clearer sight. Instead, you might like to take a look at two other vision therapy systems available here. NeuroVision is performed at the Singapore National Eye Centre
      ASHLEIGH SIM/THE STRAITS TIMES  -  866 words
  • Page 19 Miscellaneous
    • 261 19 CRYPTIC CROSSWORD ACROSS 4 Small mountain's most dif--7 Poor baby's malnourished in- ficult (8) side (7) 5 Interfering demo's led me to 8 We learn about giving kiss change (10) of life (7) 6 Sort of scan taking in nude 10 If in need, it could be doubt- floor show
      261 words

  • SHOPPING
    • 882 20 For radiance, glow and the sheer indulgence of it. CORINNE KERK takes a look at jewellery and skincare this weekend GIVEN that inflation has made the prices of everything shoot through the roof, even the wealthy will want to stretch their precious dollar. Or in this
      882 words
    • 300 20 Pom Pom Pomellato and its fabulous forty WOMEN may dread hitting the Big Four-Oh; in local terms, this means gaining automatic entry into CPF's Eldershield insurance scheme. But for Italian jeweller Pomellato, turning 40 is quite another matter altogether. When the brand came into being in 1967 in Milan, it
      300 words
    • 527 20 WITH the ongoing interest in natural products as well as environmentally sustainable production methods, it seems timely that Living Nature, an all-natural skin, hair, make-up and body care brand, has finally made its way here. Established 30 years ago in New Zealand and now available in
      527 words
    • 323 20 NEW rules spell headaches for some but often create opportunities for others, and that's what Molton Brown has discovered as far as flight restrictions on liquids in carry-on baggage are concerned. The UK-based maker of luxury skin, hair, bath and body
      323 words

  • TRAVEL
    • 1237 21 Breathtaking scenery, hiking expeditions through remote areas and high-altitude mountain biking are major attractions, says GEOFFREY EU THERE'S no lack of mystic appeal in Bhutan, a Tantric Buddhist kingdom of unspoiled natural beauty and fascinating culture wedged in the Himalayas between Tibet and India. Known to
      GEOFFREY EU  -  1,237 words

  • THE BUSINESS TIMES weekend
    • 400 22 While Spain has some of the world's best restaurants, Singaporeans are still not familiar with its cuisine. JAIME EE talks to a few people who are trying to raise awareness of Spanish produce JAMON Iberico Bellota. Manchego. Aberquina. Piquillo. Bacalao. Pulpo. Arroz Calaspara. For those familiar
      400 words
    • Article, Illustration
      441 22 SOLYMER ASIA PTE LTD www.solymer.com LISA Olson is American, but as her husband and business partner Umberto Vizcaino says, she is Spanish in her soul. So much so that the couple set up Solymer a couple of years ago with the sole intention of spreading the culture of
      ARTHUR LEE  -  441 words
    • 364 22 BODEGA V TAPAS #01-29 Orchard Hotel. Tel: 6735 3476 BERNARDO Novas Pardeiro could well be described as one of Lisa Olson's successes. He's the first true-blue Spanish chef actually working in a tapas bar in town, and it's the result of some clever intervention
      364 words
    • 258 22 SIPS BITES, SPAIN2DREAM #01-18 Vivo City TO date, this little concession space within the Spanish cluster of Spain2Dream at Vivo City remains the only outlet dedicated to Spanish food and wine. And despite its small size, business has grown several times over since it opened
      JOHN HENG  -  258 words
    • 554 22  -  GEOFFREY EU HIGH end food and wine supplier Culina and NTUC's mass market FairPrice supermarket chain might seem to be strange culinary bedfellows as they have traditionally catered to different ends of the local food service market. Now, however, the two companies are much more closely linked,
      JOHN HENG  -  554 words
  • Page 22 Miscellaneous