The Business Times, 12 July 2008

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Microfilm: NL29427
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES SINGAPORE 85 cents G^* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 122/12/2007 July 12-13,2008 online at http://www.businesstimes.com.sg
    23 words
  • Article, Illustration
    Lock icon US Treasury jumps in to calm markets
    659 1 AP, Bloomberg, Reuters Paulson plays down talk of plans to take over two cornerstones of the US housing market [WASHINGTON] Treasury Secretary Henry Paulson, seeking to calm nervous investors about the financial state of Fannie Mac and Freddie Mac, said yesterday that the
    AP, Bloomberg, Reuters  -  659 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.689 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.97 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      42 1 :rn iam 1 COMP 1,150.39 +14.90 IIKKEI225 13,039.69 -27.52 IANG SENG 22,184.55 +362.77 SET INDEX 730.29 +8.43 JAKARTA COMP 2,276.85 +0.62 1ANILACOMP 2,437.99 -12.63 ;eoulcomp 1,567.51 +30.08 iHENZHEN B 477.64 -3.50 IUMBAI IND 13,469.85 -456.39 12N00N EDT Change )OW 11,044.93 -184.09
      42 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.360 (USS/SS per 1.976 2.687 :URO (US$/S$/E) 1.578 2.146 'EN 107.20 78.80 3.244 2.385 IK$ 7.803 5.737 !AHT 33.69 24.77 lUPIAH 9,158 6,734 lENMINBI 6.834 5.025 INDIAN RUPEE 42.80 31.47 1.040 0.765
      37 words
  • Article
    Lock icon iPhone may be free but buyer tied to deal
    724 1  -  WINSTON CHAI 3G model debuts elsewhere, hinting at pricing model to be used in Singapore By [SINGAPORE] A quirk of timing made thousands of Apple fans across Australia and Asia the world's first proud owners of the new iPhone yesterday. While
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      37 1 1; iA« FOOD GOLF BEINSPIRED I I Nobel laureate Daniel Kahneman, the father of behavioural economics, |i^ on cognitive illusions, investor Nk^ irrationality and other conundrums. RAFFLES CONVERSATION PAGE 3 TEA A healthy drink, black or green
      37 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Odds are steep, but don't bet against Las Vegas
      618 2  -  LEE U-WEN SATURDAY SOAPBOX BOARDING a domestic US flight bound for Las Vegas last week, I was stunned to find it little more than half full. This was a first for me, having visited the gambling hub numerous times before on
      618 words
    • Article
      Lock icon Next 5 to 10 years will be most promising for S'pore: MM Lee
      800 2  -  LEE U-WEN We are going to move into a new plateau, a new platform, he says By [SINGAPORE] For someone who has openly admitted that he worries constantly about the future of the country he's helped to
      800 words
    • Article, Illustration
      Lock icon $40m F1 pit building ready for the roar
      415 2  -  SAMUEL EE [SINGAPORE] Construction of the $40 million Formula One pit building took just 10 months to complete, with only the interiors left to be fitted out before the inaugural race on Sept 28. Senior Minister of State for Trade Industry S
      3 JOHNHENG  -  415 words
    • Article
      Lock icon Marriages on the rocks in London's financial district
      380 2 Bloomberg Settlements sought before partners' salaries shrink [LONDON] Workers in London's financial district expect the credit crunch to lead to an increase in divorces, with spouses seeking settlements before the full impact of the slowdown hits their partners' salaries, according to a
      ■ Bloomberg  -  380 words
    • THREE MINUTE DIGEST
      • Article
        Lock icon Mapletree starts work on Shah Alam logistics park
        60 2 MAPLETREE Investments Pte Ltd (MIPL) yesterday announced the start of construction for its 10-hectare logistics park in Shah Alam, Malaysia. When completed, the project will have an estimated $60 million value and will be offered on a right of first refusal basis
        60 words
      • Article
        Lock icon SPH Q3 recurring earnings rise, net profit dips
        79 2 SINGAPORE Press Holdings turned in a 26.2 per cent year-on-year jump in recurring earnings to $135.1 million for the third quarter ended May 31, but a drop in investment income resulted in a 15.6 per cent fall in net profit to $133.4
        79 words
      • Article
        Lock icon Frank Wong to retire earlier, on Aug 31
        80 2 FRANK Wong will leave DBS Group Holdings on Aug 31, earlier than previously flagged, as the bank said that management transition is progressing smoothly under new chief executive Richard Stanley, who came on board on May 1. There will not be a
        80 words
      • Article
        Lock icon Don't blame punters for oil prices: BP
        56 2 FINANCIAL speculators can "accelerate or decelerate" oil prices, but they don't create underlying or future oil price trends, BP's chief economist said. It's therefore "absurd" to create restrictions like US proposals to ban pension funds from oil trading as that will distort the
        56 words
      • Article
        Lock icon Abdullah's handover promise fails to mute resignation calls
        68 2 MALAYSIAN Prime Minister Abdullah Ahmad Badawi's decision to step down in favour of his deputy in mid-2010 has not silenced calls for a prompt change of leadership after a drubbing in March elections. He said on Thursday that he first wanted the
        68 words
      • Article
        Lock icon China's 45% FDI jump adds to inflation risks
        57 2 FOREIGN direct investment in China rose 45.6 per cent in the first half from a year earlier, swelling inflows of cash that may stoke inflation in the world's fastest-growing major economy. Spending by overseas companies increased to U5552.4 billion, the Ministry of
        57 words
      • Article
        Lock icon Many buy new iPhone after queueing for days
        43 2 APPLE Inc's new iPhone went on sale yesterday, with crowds lining up outside stores in Tokyo and Auckland, as chief executive officer Steve Jobs takes aim at Research In Motion Ltd's Blackßerry. ASIA-PACIFIC, PAGE 14
        43 words
      • Article
        Lock icon Lehman shares fall to 8-year low
        70 2 J LEHMAN Brothers Holdings Inc, the securities firm that lost almost 75 per cent of its market value this year, sank to the lowest since 2000 in New York trading as customers' votes of confidence failed to halt speculation that the stock may drop
        70 words
  • Page 2 Miscellaneous
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Psychology's ambassador to economics
      2372 3 ANY stories about the Nobel prize winning psychologist Daniel Kahneman start with a puzzle. This is one of the favourites: A bat and a ball together cost $1.10. The bat costs $1 more than the ball. How much does the ball cost? Did you say 10
      mm ARTHUR LEE  -  2,372 words
    • Article
      Lock icon Raffles Hotels & Resorts
      99 3 Raffles Hotels Resorts Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through
      99 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Mapletree starts work on Shah Alam logistics park
      538 4  -  KALPANA RASHIWALA When completed, estimated value of 10-ha project will be $60m By MAPLETREE Investments Pte Ltd (MIPL), a ful-ly-owned subsidiary of Temasek Holdings, yesterday announced the start of construction for its 10-hectare logistics park in Shah Alam, Malaysia. When completed, the
      538 words
    • Article
      Lock icon Frank Wong to retire earlier, on Aug 31
      427 4  -  SIOW LI SEN By FRANK Wong will leave DBS Group Holdings on Aug 31, earlier than previously flagged, as the bank said that management transition is progressing smoothly under new chief executive Richard Stanley, who came on board on May 1. There
      427 words
    • Article
      Lock icon GMG shares rise 6.7% on Sinochem offer
      201 4 Reuters [SINGAPORE] Shares of rubber plantation firm GMG Global climbed as much as 6.7 per cent on news that China's Sinochem would offer to buy a 51 per cent stake in the company. The stock rose to an eight-week high of 24 cents
      ■ Reuters  -  201 words
    • Article, Illustration
      Lock icon Market finishes with 1.2% gain in volatile week
      582 4  -  R SIVANITHY STOCKS ANOTHER tough trading week for the local stock market ended yesterday with the Straits Times Index once again rising and falling in tandem with Hong Kong's Hang Seng Index, whose movements were in turn influenced by two factors the
      582 words
    • Article, Illustration
      Lock icon SPH net profit dips 15.6% in Q3; recurring earnings up 26%
      598 7  -  CHOW PENN NEE Net investment income falls 66% amid volatility in financial markets By SINGAPORE Press Holdings (SPH) turned in a 26.2 per cent year-on-year jump in recurring earnings to $135.1 million for the third quarter ended May 31,
      598 words
    • Article
      Lock icon Taxis to add 30-cent diesel surcharge per ride from Thursday
      410 7  -  SAMUEL EE By! COMFORTDELGRO will introduce a diesel surcharge of 30 cents on the cost of all taxi rides from next Thursday due to rising diesel prices, and yesterday's announcement by the market heavyweight led to SMRT Taxis following suit.
      410 words
    • Article, Illustration
      Lock icon Sembcorp in China water assets deal
      352 8 Its unit entering JV to acquire 3 water works facilities in Shenyang province SEMBCORP Industries (Sembcorp) is entering a joint venture to acquire three water works facilities in Shenyang in northern China. The equity joint venture (EJV) agreement is between Sembcorp's wholly owned subsidiary
      FILE PHOTO  -  352 words
    • Article
      Lock icon Combine Will FY07 profit more than doubles
      244 8  -  > OH BOON PING COMBINE Will International, which was listed on the Singapore Exchange main board last month, has more than doubled its full-year net income to HK599.2 million (5517.24 million) from HK542.7 million on a 23.2 per cent rise in turnover for
      244 words
    • COMPANY BRIEFS
      • Article
        Lock icon Global Ariel, HLN expect losses
        66 8 GLOBAL Ariel and HLN Technologies have both issued profit warnings. Global is expecting a second-quarter loss due to the prolonged rainy season in China's Jiangsu which dampened demand for ready-mixed concrete. HLN is expecting a half-year loss, citing weak demand for customers' end-products, the weak
        66 words
      • Article
        Lock icon Cambridge buys property
        39 8 CAMBRIDGE Industrial Trust is acquiring Natural Cool Lifestyle Hub at 29 Tai Seng Avenue for $55.2 million. The acquisition will be funded by debt or alternative funding sources, and will be accretive to its distributable income.
        39 words
      • Article
        Lock icon Brothers, EtonHouse in JV
        26 8 BROTHERS (Holdings) and Eton House International have entered into a 30:70 joint venture to build an international pre-school in Liaoning province, China.
        26 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      190 4 Ftogojgf with the 'Premier Oasis on ThePadang'. J^ mmZ^^mT SIC SD^5 Rl~^l SUT r7DTHInC TH<<VT SHE C^n'T HAHPLiE!! Be very close to the Fl action during the Fl season in Singapore, lkv%F I 4^ and see them take a comer, right at the Singapore Recreation Club. |L £hif* I ICI
      190 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      1367 5 Unaudited Results for the Period ended 31 May 2008 (Extract) GROUP FINANCIAL HIGHLIGHTS sph reports ™.rd quarter net profit of ssl33 million Singapore Press Holdings Limited (SPH) has reported its results for the third quarter 2008 2007 2008 2007 ended3l May2ooB. Profit before investment income was up 26.2% t*****5.1 million
      1,367 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      1039 6  -  JOYCE HOOI Wing Tai Holdings July 11 close: 551.47 KIM ENG RESEARCH, July 11 WING Tai is an established property developer with a landbank of nearly 900,000 square feet (sq ft) of attributable gross floor area (GFA) in Singapore. Wing Tai is also a leading retailer in Singapore
      Bloomberg  -  1,039 words
    • Article, Illustration
      Lock icon A tool to avoid flaws of cap weighted index
      1463 6  -  TEH HOOI LING SHOW ME THE MONEY The fundamental index, which uses metrics such as book value, cash flow, sales, revenues and dividends instead of market cap, is more efficient, says a study THREE years ago in this column I wrote
      1,463 words
    • BT SHARE INFORMATION SERVICE
      • Article
        Lock icon SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
        736 6 Trans Date Shareholder/ Director Sell Conv Shares '000 Price Per Shr$ Before fOOO) Id After COOP) Stock ISC Hldgs 10-Jul-08 See Yen Tarn Buy 150 0.21 0 0.00 150 0.01 SCGIobal 10-Jul-08 Simon Cheong Sae Peng «Buy 691 na *****2 51.12 *****3 51.30 SJayen Env 9-Jul-OS John
        736 words
      • Article
        Lock icon COMPANY MEETINGS
        303 6 COMPANY MEETING PLACE DATE TIME Grand Banks A ONE Deg 15 Marina Club #01-01, 11 E Cove Drive Sentosa Cove Singapore *****7 14-Jul 10.00am 11.00am Metro Hldgs A Ballroom II III, Level 3, Singapore E Marriott Hotel, 320 Orchard Road, Singapore *****5 16-Jul 11.00am 11.15am Travelite Hldgs A
        303 words
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  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      361 7 parkwayhealth.com I X P^!^ ■'S.: i^'" Many of our patients beat cancer. It is our doctors that battle with it I At the forefront of medical advancement, we now /f^ I' f l^ll providetheworld'sbestdynamicvolumeCTimaging \^y \f i _y 1 V-^t-A/^T V,_^ 1 systematMountElizabethHospital.AquilionONE, J J for neuro, cardiac and vascular
      361 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      129 7 ZAP 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™ Via
      129 words
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  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      1027 8 I I FABCHEM CHINA LIMITED (Incorporated in the Republic of Singapore on 12 October 2004) (Company Registration Number: *****3128G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FABCHEM CHINA LIMITED will be held at 39 Fishery Port Road, Singapore *****5 on Monday, 28
      1,027 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      1412 8 COURTS Courts (Singapore) Limited Co. Registration No. *****1411 C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Courts Megastore, Level 4,50 Tampines North Drive 2, Singapore *****6 on Thursday, 29 July 2008 from 9.00 am to 10.00
      1,412 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Rare trees are a labour of love at Yishun Park
      305 9  -  JOHN HENG By SINGAPORE'S first Dipterocarp Arboretum at Yishun Park is the result of a win-win situation created by an organisation that knows trees and another with the means and loves the idea of planting trees as part of a
      ■ JOHN HENG  -  305 words
    • Article
      Lock icon Don't blame punters for oil prices: BP
      508 9  -  RONNIE LIM Its chief economist says speculators don't create trends, they reflect them FINANCIAL speculators can "accelerate or decelerate" oil prices, but they don't create underlying or future oil price trends, BP's chief economist said. It's therefore "absurd" to create restrictions like US
      508 words
    • Article
      Lock icon New guidelines to promote CSR reporting by S'pore firms
      313 9  -  JAMIE LEE A NEW set of guidelines on sustainability was introduced yesterday to urge Singapore companies to report their corporate social responsibility (CSR) efforts. While this is not a "political must-do", said Claire Chiang, president of Singapore Compact for Corporate Social
      313 words
    • Article
      Lock icon S'pore 'very concerned' as visitor arrival growth slows: STB
      308 9 Bloomberg SINGAPORE is "very concerned" that the growth in visitor arrivals is slowing and is keeping a close watch on how it may affect the government's target for travellers to the island-state this year, Singapore Tourism Board (STB) deputy chairman and
      Bloomberg  -  308 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Northern Trust hires new ops chief
        34 9 FLORENCE Chua has been appointed the head of operations for Northern Trust's Singapore office. Ms Chua joins Northern Trust from Citigroup, where she has worked for 11 years.
        34 words
      • Article
        Lock icon New Asia-Pac GM for Parkroyal Group
        60 9 PAUL Rene Lee has been appointed vice-president, general manager for the Asia-Pacific region, for Parkroyal Hotels Resorts. He will be based in Singapore and report directly to the president and chief executive officer of UOL Group. Mr Lee, who has 23 years of experience
        60 words
      • Article
        Lock icon Park Hotel appoints branding chief
        54 9 N GUNALAN has been appointed director of marketing communications for the Park Hotel Group. He will be responsible for the group's strategic branding, marketing and communication for the hotels and business units in the group. Mr Gunalan has had two decades of experience in the
        54 words
    • Article
      Lock icon Stanchart private bank wins award
      346 10  -  CHOW PENN NEE By STANDARD Chartered Private Bank has substantially increased its assets under management by moving existing clients up to the private bank and encouraging these clients to move their assets from other banks, it said. Peter Flavel, global head of Standard Chartered Private
      346 words
    • Article, Illustration
      Lock icon BOA stays bullish on emerging markets
      457 10  -  GENEVIEVE CUA It sees inflation in Asia peaking in Q3, GDP growth slowing to 5% from forecast By THE emerging markets should continue to do "exceedingly well" over the next few years, said Bank of America head of emerging markets strategy Lawrence Goodman. Speaking
      FILE PHOTO  -  457 words
    • Article
      Lock icon Infocomm awards to help local innovators
      320 10 THE Singapore Infocomm Technology Federation (SiTF) announced yesterday that it is actively seeking nominations for the first annual Infocomm Singapore Awards 2008 (IS Awards 08). The IS Awards, formerly known as the APICTA Singapore League, are nomina-tion-only awards that aim to help local infocomm
      320 words
    • Article
      Lock icon Morgan sees higher Asean-4 GDP growth
      464 10 FOR all the concerns about rising inflation, the major Asean economies will likely deliver higher-than-expected growth in 2008, say Morgan Stanley Asia's economists. But the outlook for the region in 2009 looks "challenging". The investment bank has actually raised if marginally its forecast of
      464 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      28 9 HOT IPO II Attract more interest II from investors. Place II your IPO notice in our II newspapers. Call II 1800 289 8822 or email II notices@sph.com.sg. II
      28 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      1395 9 "^^RSH LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2094H Registered Office: 190 MacPherson Road #07-08, Wisma Gulab, Singapore *****8 NOTICE OF THIRTIETH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Thirtieth Annual General Meeting of the Company will be held at 190 MacPherson Road #09-00, VK's
      1,395 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1919 10 JAPAN LAND LIMITED 1 j (Incorporated in the Republic of Singapore) Jr^Ur^UM (Company Registration No. *****7417K) NOTICE OF 10 th ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 10 th Annual General Meeting (AGM) of the Company will be held at Suntec Singapore International Convention Exhibition Centre, 1 Raffles
      1,919 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      42 10 SUPERB PENTHOUSE|| ■■■II SCORE B—II CARD BisnffnPiSSßllllllll Keep your investors I HnfflQnß|jl|jji|j|jiij||l informed by advertising I BS|g|B^^9H your financial results in I BwO*>SIS9U^^B our newspapers. Call I pySQ^^Q 1800 289 8822 or email I HaaUffl^^^^^^^Bl notices@sph.com.sg. BB 9456-7348 KH TAN I K1
      42 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Abdullah's handover promise fails to mute resignation calls
      525 11 Muhyiddin says move takes too long; Razaleigh says it's improper [KUALA LUMPUR] Prime Minister Abdullah Ahmad Badawi's decision to step down in favour of his deputy in mid-2010 has not silenced calls for a prompt change of leadership after a drubbing in
      AFP  -  525 words
    • Article
      Lock icon Indonesia responsible for E Timor post-vote violence: report
      274 11 Reuters [JAKARTA] Indonesian security and civilian forces carried out "gross human rights violations" during East Timor's 1999 independence vote, a state-backed probe has found. The Commission of Truth and Friendship (CTF) is expected to submit its findings to Indonesian President Susilo Bambang
      – Reuters  -  274 words
    • Article
      Lock icon Indonesia's budget faces pressure from oil crisis
      261 11 -Bloomberg [JAKARTA] Indonesia's budget may come under pressure as the government prepares to increase subsidies to cap fuel prices and match a jump in crude that has more than doubled in the past year. "If oil prices increase to US$l7O a barrel, of
      -Bloomberg  -  261 words
    • Article, Illustration
      Lock icon Indonesia may set domestic coal supply obligations
      524 11 Bloomberg [JAKARTA] Indonesia, the world's biggest exporter of thermal coal, may this year enact a rule requiring mining companies to set aside part of their output for domestic power plants, Vice-President Jusuf Kalla said. "We don't want to have blackouts, and on the
      Bloomberg; REUTERS  -  524 words
    • Article
      Lock icon Tax plan puts M'sia bond market at risk
      391 11 Bloomberg [KUALA LUMPUR] Malaysia's bond market is at risk from a plan to impose an extra tax on independent power producers that issue one-fifth of the nation's corporate debt, according to the country's second-larg-est bank. Malaysia's government, attempting to trim a budget
      – Bloomberg  -  391 words
    • Article
      Lock icon BURSA MALAYSIA
      2248 11 lul 11 RM Cooo) &M Realty \bricBhd \dvance Synergy \dventa Bhd \e Multi Hldgs \ffin Holdings \hmad Zaki Resou \ic Corp \irasia Bhd \kn Technology \lliance Financi \luminium Co \malgamated Ind \mmb Hldgs Bhd \mtel Holdings \mway Malaysia \nalabs Resource \ncom Berhad \nn Joo Resource \pex Healthcare \pl
      2,248 words
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  • GREATER CHINA
    • Article
      Lock icon China's 45% FDI jump adds to inflation risks
      320 12 Bloomberg Hot money inflows may have hit USS2OOb in five months: analyst [BEIJING] Foreign direct investment in China rose 45.6 per cent in the first half from a year earlier, swelling inflows of cash that may stoke inflation in the world's fastest-growing
      Bloomberg  -  320 words
    • Article
      Lock icon No dog meat during Olympics
      179 12 Reuters [BEIJING] Beijing has asked hotels and restaurants in the city to take dog meat off the menu for the duration of next month's Olympics and September's Paralympics. Dog is eaten not only by the large Korean community in China's capital but is also popular
      Reuters  -  179 words
    • Article, Illustration
      Lock icon Owner wants to turn Bruce Lee home into museum
      335 12 AP [HONG KONG] A developer who owns Bruce Lee's old home in Hong Kong lobbied the government on Thursday to help turn the property into a museum honouring the late martial arts action star. Yu Pang-lin met Hong Kong's Commerce and
      AP  -  335 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8373 12 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.041/ AIGIF S'pore Bond Fund/ A 1.326/ APS Asset Mat Pte Ltd APS Alpha Fund!** 0.9/ APS Alpha Fund (USD) 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9464/ APS Komaba
      8,373 words
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  • INDIA
    • Article, Illustration
      Lock icon Profit growth slows for Infosys in Q1
      311 13 Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-largest soft-ware-services provider, reported first-quarter profit growth slowed after widening credit-market losses prompted US banking clients to delay orders. Net income climbed 21 per cent to 13 billion rupees (Ss4l2 million), or 22.75 rupees per share, for
      Bloomberg; I AP  -  311 words
    • Article
      Lock icon Industrial output growth falls to six-year low of 3.8%
      479 13 Reuters But central bank expected to raise rates again as inflation soars [NEW DELHI] Indian industrial output grew at its slowest rate in six years in May, but a jump in inflation to nearly 12 per cent dashed any hopes that
      Reuters  -  479 words
    • Article
      Lock icon Govt will win confidence vote: Sonia Gandhi
      182 13 -AFP [NEW DELHI] The head of India's ruling Congress party, Sonia Gandhi, said yesterday she was certain the government would win a confidence vote triggered by the withdrawal of support by left-wing allies. The parliamentary vote, set for July 22, will decide if
      -AFP  -  182 words
    • Article
      Lock icon SGX MAINBOARD
      8509 13 Transaction date: Jul 11 !-wks Tel Low Code Last Sale Vol ('000) lay Low Bl .as1 Quote Seller Div C'vr Net P/E I Cap $mil Hii Coi Hii 5716 1st Software 21.5 6.5 3148 STelecom 28.5 8 5834 A-Sonic. 110 100 6389 ABFSG I'.on.l I II 27 12
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Many buy new iPhone after queueing for days
      539 14 Bloomberg [TOKYO] Apple Inc's new iPhone went on sale yesterday, with crowds lining up outside stores in Tokyo and Auckland, as chief executive officer Steve Jobs takes aim at Research In Motion Ltd's Blackßerry. Minoru Hagiyama arrived at Softbank Corp's store on
      ■ Bloomberg; AFP  -  539 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        55 14 VOLUME China Honqxinq 54,444,000 Oceanus 43,253,000 Li Henq 37,857,000 Golden Aqri 27,196,000 ChinaEnerqy 25,170,000 Synear 24,760,000 Dayen 22,940,000 Yangzijiang 20,757,000 UniFiber 20,394,000 Jade Tech 19,830,000 Clob VALUE DBS Grp 96,738,985 OCBCBk 78,046,285 SGX 77,493,090 SingTel 64,938,920 Capita Land 59,047,554 UOB 56,015,490 StraitsAsia 34,040,570 CityDev 30,840,880 Keppel Corp
        55 words
      • Article
        Lock icon RISES
        108 14 BY CENTS CLOSE UP GLD 10US$ 9340 231.1 1.9 ir China H 10US$ 1590 43.5 2.1 DBS MBLJCW*****0 540 37.0 7.4 DBSG 1904 36.0 1.9 UOB 1874 24.0 1.3 StraitsAsia 300 23.0 8.3 OCBCBk MBLJCW*****0 241 20.0 9.0 DBS Bk6% NCPS 10 ***** 18.0 0.2 OCBCBk 818 18.0 2.3
        108 words
      • Article
        Lock icon FALLS
        118 14 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN JMH 2902 -35.3 -0.9 India Nift' 10 1270 -35.0 -2.7 JSH 1654 -32.6 -1.4 IS MSCI India 100 569 -27.2 -3.4 Jardine C&C 1590 -26.0 -1.6 B Sembawan 818 -18.0 -2.2 Kei T&T
        118 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 14 Up Down Unch 10 4 4 Up Down Unch 0 0 0 Up Down Unch 10 4 4 Multi Ind Manufacture 75 49 52 11 16 86 56 68 Commerce 21 16 26 27 19 28 itor/ lomms Finance 15 17 Construction 12 14 '121 Hotels/Rsts Services
      92 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 14 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 17.576 17.576 67.194 67.194 Marur facturing 360.597 59.559 420.156 228.508 4.860 233.368 Commerce 33.741 46.413 80.154 48.530 16.691 65.221 Tpt/Stor/Comms 72.223 866 73.089 172.099 265 172.364 Finance 48.493 137 48.630 336.261 22 336.283 Construction 42.622 12.180 54.802 8.298 681
      124 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      44 14 Stock name Close Change CapitaLand 5.820 -0.070 .apr .osco _orp mp ient [rrtl Ia~7( rme" Fppel .orp ipel .am mp Stock name Close Change 01am 2.370 +0.040 igg :ngg jetnl .orp Jernl laT >ing EaF ieverage Imar 'angzijiang UrTl \oR
      44 words
    • Article
      Lock icon BONDS & WARRANTS
      3856 14 BONDS WARRANTS rel lode Com| rel Code Company >058 Advance Modules Grp W*****3 >036 Advance SCT Ltd W*****9 #ArianeCorpLtd W*****9 J092 Asia Environment W*****4 1481 #Asia Water Tech Ltd W*****0 !816 Asiasons Capital Ltd W*****7 1756 Asiatic Grp (H) Ltd W*****2 1105 #AsiatraverW*****7 1278 Auston Intl W*****5 >878 Aztech Systems
      3,856 words
    • Article
      Lock icon SGX SESDAQ
      2135 14 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      2,135 words
    • Article
      Lock icon SGX XTRANET
      65 14 _Hm Low Code Comi Sale ('ooo) _Hm Low Bui Seller C'vr P/E $mil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      65 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 14 52-Wk Tel High Low Code Last Sale Vol ('ooo] Day |h Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E Smil Comi >an< Hii 132.7 59 6000 AVJennings 21 4 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A61 A8 IIS19.5 IIK210 unch +0.5
      78 words
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  • WORLD
    • Article, Illustration
      Lock icon Lehman shares fall to 8-year low
      670 15 Bloomberg Drop comes despite 2 clients denying talk of them backing away from the firm [NEW YORK] Lehman Brothers Holdings Inc, the securities firm that lost almost 75 per cent of its market value this year, sank to the lowest since 2000 in New
      – Bloomberg; I BLOOMBERG  -  670 words
    • Article
      Lock icon May trade gap narrows as exports surge
      506 15 AP, Reuters LATEST US DATA [WASHINGTON] The United States' trade deficit narrowed in May as exports including industrial supplies and consumer goods climbed to all-time highs. The latest snapshot of trade activity, reported by the Commerce Department yesterday, showed that the nation's trade
      AP, Reuters  -  506 words
    • Article, Illustration
      Lock icon Unlimited rise in oil price in case of Iran war: Opec
      595 15 ■NYT Cartel won't be able to make up lost output, says its head [VIENNA] The head of the Organization of the Petroleum Exporting Countries (Opec) warned on Thursday that oil prices would experience an "unlimited" increase in the event
      ■NYT  -  595 words
    • Article
      Lock icon Dow Chemical to buy rival for US$15.3b
      360 15 ■NYT [NEW YORK] Dow Chemical said on Thursday that it had agreed to buy Rohm Haas, a speciality chemical maker, for about US$l5.3 billion in cash. The acquisition, the biggest in Dow's 101-year history, is being financed with equity investments of US$3 billion
      ■NYT  -  360 words
    • Article
      Lock icon GM won't seek bankruptcy: CEO
      287 15 -AP [DALLAS] The chief executive of General Motors Corp (GM) dismissed speculation that the largest US automaker might soon seek bankruptcy protection. Comments in the past week about a potential bankruptcy are "not at all constructive or accurate", Rick Wagoner said on Thursday. GM has
      -AP  -  287 words
    • WORLD WATCH
      • Article
        Lock icon Citibank to sell its German retail unit
        75 15 AP [FRANKFURT] Banking giant Citigroup says it will sell its German retail banking operation and some of its affiliates to Credit Mutuel, France's third-biggest banking group, in a 4.9 billion euro (5510.6 billion) cash deal. In a statement released yesterday, Citigroup said the
        AP  -  75 words
      • Article
        Lock icon GE to sell Japan ops to Shinsei: sources
        69 15 Bloomberg [TOKYO] General Electric Co plans to sell its Japan consumer lending operations to Shinsei Bank Ltd for about US$5.5 billion, two people familiar with the matter said. GE, the second-largest US company by market value, will sell its Tokyo-based Lake unit
        – Bloomberg  -  69 words
      • Article
        Lock icon Anheuser-Busch talking to InBev
        113 15 NYT [NEW YORK] In a reversal of its previous hostility to the idea, Anheuser-Busch is in active talks to sell itself to the Belgian brewer Inßev in a friendly deal, people briefed on the matter said on Thursday night. Exact terms of the potential deal could
        NYT  -  113 words
      • Article
        Lock icon Harley-Davidson to buy Italy's Agusta
        64 15 Reuters [NEW YORK] Harley-Davidson said yesterday it agreed to buy Italian motorcycle maker MV Agusta Group for 70 million euros (Sslsl million), including the assumption of about 45 million euros of debt. The company said it was aiming to boost its presence in Europe, where
        Reuters  -  64 words
      • Article
        Lock icon Mutual fund pioneer Gerald Tsai dead
        111 15 -NYT [NEW YORK] Gerald Tsai Jr, a fund manager and financier who pioneered the creation of performance funds in the 1950s and '60s and later turned a canning company into the financial services giant Primerica, died on Wednesday in Manhattan. He was 79. The
        -NYT  -  111 words
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  • MOTORING
    • Article, Illustration
      Lock icon Inner space
      626 16 One is big and the other much smaller. One offers relaxed motoring for seven adults, while the other caters to more basic needs. SAMUEL EE drives two very different MPVs AS the first modern American minivan, the Chrysler Voyager broke new ground when it was introduced more than
      626 words
    • Article, Illustration
      Lock icon Wish granted at last
      426 16 IT may be Singapore's most popular MPV, but it had to wait more than four years before it could be bought through official channels. The delay doesn't seem to have dampened demand for the Toyota Wish though; sales of the model by authorised distributor Borneo Motors
      426 words
    • Article, Illustration
      Lock icon Speed thrills
      665 16  -  GEOFFREY EU By SPEED has long been a special word in the Bentley lexicon, and not only because it was used by founder Walter Owen Bentley in the 1920s to denote high-performance versions of his already super-quick cars. There's a lot more to a modern-day Bentley than merely
      665 words
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  • GOLF
    • Article, Illustration
      Lock icon Asia's hopes at the British Open
      1360 17 Making the cut will be a minor victory for Asian Tour players at Royal Birkdale, writes JUSTINE MOSS THE world's oldest major championship and third in this year's golfing calendar might seem just a little more Open this year with a certain Mr Woods
      FILE PHOTOS  -  1,360 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      624 17 Wine&dine with weekendBT Meritus Mandarin Singapore Experience a world of palatable pleasures from the Master Chef Lai Tong Ping introduces Executive lunch 999 n h ,i d ,i t i 9»/9/i r ,i t Oscar's lunch and dinner buffet menus, from fresh The Legends Fort Canning Park and dinner menus
      624 words
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  • WELLNESS
    • Article, Illustration
      Lock icon New dialysis device set to give fresh hope
      978 18 A treatment which serves as a good alternative to kidney transplants may give patients fresh hope, writes CHEAH UI-HOON KIDNEY transplants and the debate as to whether it's ethical or not could well be a thing of the past in just two
      PHOTOS: JOHN HENG  -  978 words
    • Article, Illustration
      Lock icon A healthy drink, black or green
      765 18 Black tea improves your alertness while green tea helps reduce fat deposits, says CHEAH UI-HOON BLACK tea helps in mental alertness and ability to focus, while green tea catechins may play a part in reducing fat deposits around vital organs, the Lipton Tea Institute
      765 words
  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      253 18 CRYPTIC CROSSWORD ACROSS 6 Rip off from hoodie, say (8) I Show one's in heaven (8) 7 states holiday begins here? 5 Desert sands (6) (8) 9 It's unshakeable in the main 8 Hated performance taking (8) exam (8) 10 Repeat standard rubbish (6) 13 Turning out mineral for II
      253 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Fashionable furniture
      724 19 With the mushrooming of luxury apartments here, the number of high-end furniture brands have also boomed. The latest to hit Singapore's shores is furniture stamped with high-profile fashion names (and their monograms), while the buoyant market has also encouraged companies to expand their presence and enlarge their collections.
      724 words
    • Article, Illustration
      Lock icon Inspired by history and tradition
      227 19 Theodore Alexander THEODORE Alexander is a British company founded by furniture maker Paul Maitland-Smith only in 1996, but it's already made a name for itself in its handmade antique reproductions and heritage-inspired furniture. The Vietnam-based company recently expanded its showroom at the International Furniture Centre
      227 words
    • Article, Illustration
      Lock icon Creative's ZEN X-Fi is a winner
      543 19  -  CHRISTOPHER LIM By IF you're itching to buy yourself an Apple iPod, you should know that the iconic media player is in a period of limbo. It's still the most popular gadget of its type, but it's no longer the no-brainer purchase it used
      543 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon Minimalist, a bit tropical, and yet modern
      1151 20 By hiding most things behind wood panelling, the Ongs give their home a simple, clutter-free and pristine look, writes CLARISSA TAN THE first thing that strikes you when you enter the Ongs' home is not what you see it's what you don't see.
      I PHOTOS: JOHN HENG  -  1,151 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Keeping it in the family
      1796 21 This weekend, GEOFFREY EU looks at Italian and European family-style restaurants that break the conventional mould THE family-style restaurant is perhaps the oldest manifestation of the food outlet, and there is no shortage of this breed in town. Variations on the conventional family theme are
      PHOTOS: ARTHUR LEE, JOHN HENG  -  1,796 words
  • Page 21 Miscellaneous
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      523 22 BT ADVERTORIAL I k bY iS BBBBmI BBB>- flfl S^ 'fIBB bIbBBBBBBF 1 _J^^^^^*^^^^^^^^^^Bfcl k B^^^^^^^K j^bbi bb^^^^^ bbbbbbbb! it iJ B I m£i i^r bbm.^ afl -^^H />' bbb^^^bb—bbM b^bbb^m x bIbF ILL^bL Roaring start Fee/ f/?e rus/? of one of f/?e /7?osf prestigious races on Singapore's racing calendar
      523 words