The Business Times, 14 July 2008

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Total Pages: 32
1 32 The Business Times
  • 21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Monday, July 14,2008
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  • 784 1  -  CHEW XIANG Citi's Low Horng Han is BT-Starmine's top stock picker in Spore and M'sia, beating benchmark by 22.9% By [SINGAPORE] Life would be so simple if we knew who the good analysts were, analysts whose calls were consistently and profitably
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  • 656 1  -  ANDREW MARKS By IT looks like even Wall Street's usually unflappable equities traders may have become unnerved. But who can blame them after the week that they have been through. There was a run on and near melt-down of mortgage
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  • MARKETS DIGEST
    • 49 1 Weekly 2,926.84 hange +34.30 IT Index 1COMP 1,150.39 +16.25 MKKEI 225 13,039.69 -198.20 IANG SENG 22,184.55 +760.73 ;et index 730.29 -12.74 IAKARTACOMP 2,276.85 -37.90 1ANILA COMP 2,437.99 +68.78 ;eoulcomp 1,567.51 -10.43 ;henzhenb 477.64 +11.47 IUMBAI IND 13,469.85 +15.85 )OW 11,100.54 -188.00 IASDAQ 2,239.08 -6.30 ;&P 500 1,239.49 -23.41
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    • 29 1 Bloomberg 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  -  29 words
    • 40 1 IS$ (S$ per US$) 1.360 JUS: i/s: per£) 1.976 2.687 :URO (US$/S$/E) 1.578 2.146 'EN 107.20 78.80 3.244 2.385 7.803 5.737 !AHT 33.69 24.77 lUPIAH 9,158 ,734 1ENMINBI 6.834 5.025 INDIAN RUPEE 42.80 31.47 1.040 0.765 IZ$ 1.319 0.970
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  • Page 1 Advertisements
    • 3 1 8 *****1 *****4
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    • 96 1 CORPORATE INVESTMENT BANKING ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS Connecting Asia's issuers with global investors. Rternational Bond House id-Cap Equity House* I A Passion to Perform. Deutsche Bank l£ml For more information: www.db.com. 'Asia: Finance Asia Achieveme Awards 2005-29© &2007. This advertisement has been approved and/or communicated by
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  • Page 1 Miscellaneous
    • 44 1 BizlT DINING OUT PROPERTY BE INSPIRED m m Printer maker Walking Giant IPO if Mapletree Zap for daily inspiration. Lexmark is upbeat gourmet guide m L decides to list Win a Zegna Sports PAGE 30 PAGE 15 n'pj| PAGE 2 Gym Kit! PAGE 10
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    • 31 1 Dear Mr Buffett Half an hour with Warren Buffett? Singapore CEOs say what they would ask the legendary investor if they get the chance. Views from the top PAGES 12 13
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 67 2 THE Malaysian stock market may have fallen some 20 per cent since the beginning of the year, but analysts do not suggest investors jump in just yet. In the past few weeks, a number of stockbrokers have come out with new year-end
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      • 73 2 ASIAN shares have become the cheapest in two years by some measures after getting a drubbing in the first-half, but don't expect bargains to coax investors back to the market until stagflation fears cool. However, valuations are likely to become
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      • 51 2 CAMBRIDGE Industrial Trust is seeking unitholders' approval to convert the real estate investment trust into a Syariah-compliant Reit to capitalise on the growing wealth in the Middle East and cultivate a new investor pool when raising capital or issuing debt. COMPANY NEWS, PAGE
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      • 61 2 DESPITE the general weak market sentiment, good class bungalows are holding their own. While the number of GCB transactions may have fallen along with other property sectors, their values have not. Prices have in fact risen for GCBs, which are bought for
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      • 92 2 THE Bank of Japan's Policy Board will meet today and tomorrow faced with the highest wholesale price inflation Japan has seen in 27 years and with consumer prices rising at their highest level in 10 years, but knowing there is little
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      • 41 2 THE world economy is teetering between the "ice of recession and the fire of inflation", but may see some recovery by early next year, IMF managing director Dominique Strauss-Kahn says. ECONOMY WATCH, PAGE 17
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      • 64 2 PROTON'S highly publicised campaign to hike sales appears to have hit a road block, with drivers saying they will snub the national carmaker in favour of foreign models Proton last month launched a "zero-defect" campaign aimed at erasing a persistent reputation for poor quality that
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      • 46 2 A CHINESE state-owned steel trading company has secured a controlling stake in iron ore miner Midwest, Midwest announced on Friday, but Sinosteel's bid for full ownership still faces opposition from an Australian rival. GREATER CHINA, PAGE 19
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      • 69 2 S'pore SMBs to spend US $1.5b on Net, telecom SMALL and medium businesses in Singapore are on track to invest up to US$l.5 billion on Internet access and telecom services this year, up 3 per cent from last year. Spending on cellphones and long-distance telephony services will account for about
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    • 964 2  -  KALPANA RASHIWALA Temasek unit ramping up property funds to lay base for consistently high ROE model By [SINGAPORE] An initial public offering for Mapletree Investments Pte Ltd, a fully-owned subsidiary of Temasek Holdings, could take place in the near future, The Business
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  • Page 2 Advertisements
    • 395 2 Professional Qualifications and Courses in Compliance I «#n«3B§^AS and WDA Appointed FICS Lead Provider in Compliance '"^national Compliance Association Mff Excellence through Education v Date The International Compliance Association, in association Details on Professional Qualifications 30 July 2008 with the University of Manchester Business School, is pleased to announce the
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  • BT-STARMINE RANKINGS
    • 732 4  - Brokers' take on Malaysia be careful now PAULINE NG Stockbrokers' new year-end targets point to a weaker market in Kuala Lumpur By THE Malaysian stock market may have fallen some 20 per cent since the beginning of the year, but analysts do not suggest that investors jump in just yet.
      AP  -  732 words
    • 617 4  -  PAULINE NG CIMB-GK's Steven Tan By in Kuala Lumpur HE is still plugging on in the industry, even if the stockbroking firm that fanned his interest in equities has since become defunct. There he was in an audit firm in his own words,
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    • 585 4  -  CHEW XIANG Citi's Wendy Koh By [SINGAPORE] Casual investors will be disappointed that there is no "silver bullet" in equity analysis, some special technique that shoots out accurate predictions and targets time after time. That's according to Wendy Koh, director and co-head of
      585 words
    • 581 4  -  S JAYASANKARAN BNP's Michael Greenall By in Kuala Lumpur IN his third year of a degree in agribusiness at the Agricultural University of Malaysia, Michael Greenall decided that he was going to be a financial analyst after an internship at investment
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    • 631 4  -  CHEWXIANG Citi's Low Horng Han [SINGAPORE] An analyst's job is a lonely one, and not just because of the unsocial working hours and frequent travelling. For Low Horng Han, last year's top stock picker in the annual BT-Starmine awards, it's because his knack for
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  • Page 5 Advertisements

  • SINGAPORE MARKETS
    • 703 6  -  R SIVANITHY STOCKS AT ANY one time, how a market moves depends on whether optimists outnumber pessimists, or vice versa. The failure of IndyMac over the weekend certainly gives plenty of reason to be pessimistic. By the same token, optimists might still
      703 words
    • 484 6 Bloomberg CURRENCIES [SINGAPORE] South Korea's won led gains in Asia last week as policy-mak-ers pledged to bolster the currency and tame inflation. The won's 4.8 per cent gain last week, the most since March 1998, made it the world's best performer.
      Bloomberg  -  484 words
    • 520 6 Payment (cts) Ex Books Pay date close date Water Tech an 1.000 14-Jul 16 Jul 28-Jul Asiatic Gr| an 0.750 06-Au( 08-Aui 05-Sc[ eustraland PG A 4.000 24-Jun 30-Jun 01-Au( Wai an 0.200 11-AU( 13-Aui 28-Aui \zeus S; 'S bo 2.400 05-Au( 07-Aui 22-Aui iab&Brown Global as 5.200
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    • 404 6 AFP COMMODITIES [LONDON] Oil prices zoomed to a record U*****.50 last week and aluminium hit all-time highs as many commodities were boosted by supply worries, growing tensions over Iran and the weak US currency. "Commodity prices swung higher... as increased tensions between
      AFP  -  404 words
    • 1923 6 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name \llco Commercial REIT 2.00 2.25 3 5.47 13.81 1.13 0.76 .llgreen Properties Ltd 2.50 2.50 12 8.86 10.61 1.38 0.91 |ua-Terra Su Co. Ltd 2.50 2.50
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    • 5 6 WEEKLY f
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    • 60 6 Jul 11 VALUE CLOSE BT OB/OS -822.00 +296.0 BT CADI -*****.00+120.0 BT 10-day MA -*****.00 -83.00 FTSE ST Mid Cap 709.99 +7.31 FTSE ST Small Cap 584.78 +5.82 FTSE ST All Share 735.82 +6.68 FTSE ST China Top 426.80+12.86 FTSE ST China 419.30+10.33 UOB Catalist 132.79 +2.65
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    • 59 6 VOLUME Global Voice 253,524,000 Li Heng 182,835,000 China Honqxinq 165,549,000 Golden Agri 158,127,000 Oceanus 129,206,000 Sing Tel 114,275,000 JiutianC 103,825,000 Ferrochina 85,214,000 Sapphire 82,644,000 Mercator 79,448,000 VALUE(S) DBS Grp 421,564,605 Sing Tel 400,559,016 SGX 373,185,675 UOB 306,414,950 S I A 271,839,510 Keppel Corp 254,719,914 Capita Land 229,550,594
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    • 102 6 China H 10US$ CLOSE UP 1590 174.0 8.8 OCBCCai i.93%Pref10 ***** 170.0 1.7 GLD 10US$ 9340 163.1 1.3 S I A 1484 74.0 5.2 SIA 200 1482 66.0 4.7 STXPOKW100 283 50.0 21.5 Venture Con 1034 49.0 5.0 Straits Tri 731 48.0 7.0 DBS MBLiCW*****0 540 46.0 9.3 DBS
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    • 103 6 CLOSE DOWN 2902-187.6 -4.5 JMH Jardine C&C 1590 -88.0 -5.2 OCBC Bk4.5%NCPS 100 ***** -70.0 -0.7 JSH 1654 -59.8 -2.6 B Sembawani 818 -42.0 -4.9 Great Eastern 1652 -28.0 -1.7 YHS 217 -28.0 -11.4 DBS MBL iCW*****3 612 -27.0 -4.2 DBSBk6% NCPS 10 ***** -22.0 -0.2 Shani iLa Asia
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    • 96 6 Closing prices are in trading currencies, but absolute difference is in Ss. Jul 11 CLOSE CHNG FRJuMO YR2008 S$ LOW S$ HIGH USS 1.3602 0.04 1.4542 1.3457 Euro 2.1480 -0.56 2.2064 2.0474 Pounds 2.6894 -0.13 2.8431 2.6568 AS 1.3088 -0.33 1.3235 1.2349 Yen* 1.2693 -0.06 1.4484
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    • 1457 8  -  TEH HOOI LING THE market has nowhere to go but down, given the developments in the US on Friday. Doubts over the stability of the US financial sector gripped investors as news emerged that IndyMac Bancorp Inc had become the second-biggest federally insured financial
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    • 1350 8  -  ROBERT HALILI INSIDE MARKETS By THE market posted its first weekly gain in three weeks last Friday, closing 1.2 per cent higher to 2,926.84. Despite the rebound, the market is still down by nearly 266 points or 8.3 per cent
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  • Page 7 Advertisements
    • 478 7 ::;;-->! j :=;;>==; ;EE: i :==^2E: \o IZ- Z« bWbW.4bl BY'/A^fMl 9"• <t 4 .BuAMftA' j f Es^i MBMBttw^^^^^^^^^^^^S^k—^^_—<—^^^^Bßßßß^BßflE^^^B^Bß^B^Bßßi F' T■'' i Wn^^t 'fid Michele Burns Harish Manwani I David Conner Professor Professor Peter Sands Richard Kantor Chairman and CEO, President Asia, CEO, Peter Cappelli I NorihikO Shimizu I Group
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  • COMPANY NEWS
    • 600 9  -  ARTHUR SIM THE Great Singapore Sale is on and the chances of making an "impulse buy" are high. Such purchases tend to be for something that catches the eye unexpectedly, looks cheap and, more often than not, isn't what we really need. Last week, Frasers Centrepoint acquired
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    • 724 9 Reuters [HONG KONG] Asian shares have become the cheapest in two years by some measures after getting a drubbing in the first-half, but don't expect bargains to coax investors back to the market until stagflation fears cool. The powerful fundamental
      Reuters  -  724 words
    • 434 9 WARRANT INSIGHTS IF investors are to successfully participate in the warrant market, understanding the relatively specialised terminology is essential. One good starting point would be the terms "in-the-money", "out-of-the-money" and "at-the-money" since there appears to be confusion as to their exact meanings. It is common, for
      434 words
    • 360 10 It's one of three institutions granted licences to manage Islamic funds DBS Asset Management is one of three financial institutions granted licences to set up Islamic fund management operations in Malaysia. The other two granted the licences by Malaysia's Securities Commission (SC) are
      BLOOMBERG  -  360 words
    • 332 10 With change, it will be the first such listed Reit here CAMBRIDGE Industrial Trust (CIT) is seeking unitholders' approval to convert the real estate investment trust into a Syariah-compliant Reit to capitalise on the growing wealth in the Middle East and cultivate a
      332 words
  • Page 9 Advertisements
    • 1 9 S^IINVESTSINGAPORE
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    • 387 9 In 2006, SMU welcomed its inaugural batch of MPA students. A brand new pathway to obtaining both graduate and professional qualifications at the same time. Some came to update their professional expertise, some came to expand their horizons, and some came with a desire to switch career. Two years later,
      387 words

  • Page 10 Advertisements
    • 310 10 W1 IWiyTi^^^^ 7AD '< V* i^^K *^^*"*^V *i^T^P^k» Sing Health I I I I A I I I^J I^l I s_Jaj _A_ m^^^ Brought to you by ErmenegildoZegna -.'^^ff^^^T I-, <-, ftk. Hear from established business gurus like k^_^ i^3 L~\_L^^3 L~\_ZATL I Donald Trump, Warren Buffett, Richard Branson '•"■^J
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  • SINGAPORE NEWS
    • 766 11  -  ARTHUR SIM 25 deals done in H1 worth $440.65 m, against 87 deals for 2007 worth $1.15b By THE volume of transactions of good class bungalows (GCBs) may have fallen along with other property sectors but values have not.
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    • 115 11  -  ARTHUR LEE YOU can soar into the night sky and enjoy an unobstructed view of the upcoming National Day fireworks display this year. The newest vantage point for you to enjoy the action in air-conditioned comfort and with a glass of bubbly in hand is on
      ARTHUR LEE  -  115 words
  • Page 11 Advertisements
    • 125 11 is /f V 'ji— j I '111 ■■■■■■■HHpBH >v IlP<§l JOr\ HtttWSttt^tT^ "f—^' Wm 1 ndi k iH»MMt"^^^ 111 ti p^i 11 frr^^l *//IBP^Jf "\^^^^^m' I f«iP^ff I I^3ll^l I^Ks/ V The KS Energy Group is now under one roof An Integrated Oilfield Equipment and Services Supply Hub We are
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    • 172 11 Departs Daily to Kuala Lumpur Malacca from Orchard Road book now Direct to Malaysia! No Transfers needed 28 seater Business Class Seats and Individual LCD, Meeting Lounge on lower deck A FLEET OF EXCLUSIVE CLASS MOTORCOACHES FOR CHARTER FRIENDLY PROFESSIONAL SERVICE ASSURED Corporate Incentive Conference Package Tours Malaysia Overland Tours
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  • VIEWS FROM THE TOP
    • 2189 12 THIS WEEK'S TOPIC If you had the opportunity to spend half an hour with Warren Buffett, what would you ask him, and why? Business and investing MY QUESTION to Mr Buffett would be: "All other things being equal, how do you use brand value as a factor
      REUTERS  -  2,189 words
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  • Page 13 Advertisements
    • 169 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg Your tomorrow Eft Cl starts here today Today, Business,*: CM h^ for a. fraction of ike cost Hl^^^^^^fl Roaming to Asia Zone: f\ v^k Make calls to Asia Zone at f- A w"LT J§ discounts of up to 25%
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  • DINING OUT
    • 558 14  -  Cheah Ui-Hoon NEW RESTAURANT By Vintage India 10 Dempsey Road, #01-21 Dempsey Hill Tel: 6471 3100 BEFITTING Dempsey Hill's former life as British military barracks, Vintage India's decor and menu take their cue from India's colonial past. And though it might not have
      558 words
    • 332 14  -  Amanda De Guzman GUEST CHEF Harbour Grill Hilton Singapore 581 Orchard Road. Tel: 6737 2233 BEFORE Michelin-starred Chef Stephane Gaborieau steps foot in a kitchen of a foreign country, he usually visits a local art gallery. "I love painting, cooking, and women," he says
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  • Page 14 Advertisements
    • 111 14 THE* ARE big sn*s BUT nQTHinC THAT SHE CAH'T HATOiE!! Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. RADOO 100% PURE FUN Lianhe Zaobao I HDB shops resort to "quick u lower profit margin" 1 to cope with higher costs
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  • DINNING OUT WITH citibank
    • 1125 15  -  JAIME EE POWER Lunch By IF you're an entrepreneur who loves to eat but needs to keep fit at the same time, what's the best business to go into? Gym equipment, which is what Jimmie Lee does as chairman of Dynaforce, the Singapore distributor for Technogym, a
      ARTHUR LEE  -  1,125 words
    • 579 15  -  Geoffrey Eu NEW CHEF II Lido Sentosa Golf Club, 27 Bukit Manis Road. Tel: 6866-1977 A CULINARY truism states that any restaurant can get lucky and serve up a good meal once in a while, but it takes something special to produce a
      PHOTOS: JOHN HENG  -  579 words
  • Page 15 Advertisements
    • 38 15 Please refer to citibank.com.sg for full details. Indulge in over 800 gourmet pleasures with your Citibank credit card. For more gourmet treats, visit: citibank.com.sg |f| Mobile Gourmet I*l—l citibank.com.sg/singapore/gpmobile I I \r\ X Brought to you by cffibank
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1033 16  -  Practitioners and clients need not be Muslim, but they must accept restrictions underscored by Islamic values, says PAUL NG ISLAMIC finance may be viewed as a form of ethical investing, or ethical lending, except that no loans are possible unless they are interest-free. Its practitioners and clients
      LUDWIG ILIO  -  1,033 words
    • 986 16  -  CAMPUS LIFE They beat teams from US, Canadian varsities with cartilage-repair biotech business plan. DIONDI TAN reports DREAMING big has paid off for four from the National University of Singapore at the fourth SMU Lee Kuan Yew Global Business Plan competition. Eric Cher We
      PHOTO: JOHN HENG  -  986 words
    • 204 16 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 16 Advertisements
    • 46 16 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • 652 17  -  ANTHONY ROWLEY Policy will do little to help stave off growing threat of recession: analysts BY. in Tokyo THE Bank of Japan's Policy Board will meet today and tomorrow faced with the highest wholesale price inflation Japan has seen in 27
      REUTERS  -  652 words
    • 450 17 Reuters [YALTA, Ukraine] The world's economy is teetering between "the ice of recession and the fire of inflation", but may see some recovery by early next year, IMF managing director Dominique Strauss-Kahn said on Friday. Addressing a conference in the Ukrainian Black Sea resort of
      – Reuters  -  450 words
  • Page 17 Advertisements
    • 423 17 TEMASEK HOLDINGS Temasek Financial (I) Limited (incorporated with limited liability under the laws of Singapore) (Company Registration Number: *****8713K) U555,000,000,000 Guaranteed Global Medium Term Note Program unconditionally and irrevocably guaranteed by Temasek Holdings (Private) Limited (incorporated with limited liability under the laws of Singapore) (Company Registration Number: *****1143 C) Announcement
      423 words
    • 1656 17 NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mercator Lines (Singapore) Limited ("the Company") will be held at Meeting Room 306, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 on Tuesday, July 29, 2008 at 4 p.m. for the following purposes: AS ORDINARY
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  • MALAYSIA
    • 620 18 Reuzers, vernama Dr Mahathir weighs in to say Najib is best among the Umno leaders [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi said he will keep his promise to retire in 2010, and not extend his term beyond that, Bernama
      Reuzers, vernama; various issues  -  620 words
    • 601 18  -  PAULINE NG MALAYSIA INSIGHT He has two years to push through badly needed reforms in major institutions EVERY now and then, Prime Minister Abdullah Ahmad Badawi does manage to surprise. Last week's was the unexpected specification of a date by which he
      601 words
    • 512 18 ■AFP [KUALA LUMPUR] Proton's highly publicised campaign to hike sales appears to have hit a road block, with drivers saying they will snub the national carmaker in favour of foreign models. Proton last month launched a "zero-defect" campaign aimed at erasing a persistent reputation for
      ■AFP  -  512 words
  • Page 18 Advertisements
    • 1976 18 STAMFORD LAND CORPORATION LTD S T A JVL F O Jr^D (Company Registration No. *****1615H) land corporation ltd Incorporated in the Republic of Singapore) To: All Shareholders NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of Stamford Land Corporation Ltd (the "Company") will be held at 6 Shenton
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  • GREATER CHINA
    • 330 19 -AFP Figure up more than 14-fold over the same period in 2007 [BEIJING] China registered a U557.57 billion trade deficit in agricultural products during the first five months of 2008, up by more than 14-fold over the same period last year, state press
      -AFP  -  330 words
    • 609 19 Reuters [SHANGHAI] China's drive to reopen thousands of small coal mines is failing, deepening the country's worst power crisis in years as local officials still fear Beijing's wrath if they suffer high-profile disasters. Weeks after the central government urged miners to reopen the mines,
      Reuters; REUTERS  -  609 words
    • 398 19 -AP But China firm's bid for Midwest still faces opposition from Aussie rival [SYDNEY] A Chinese state-owned steel trading company has secured a controlling stake in iron ore miner Midwest, Midwest announced on Friday, but Sinosteel's bid for full ownership still faces
      -AP  -  398 words
    • 229 19 -AFP [MANILA] An Asian Development Bank (ADB) official has expressed concern about local government debt in China, warning it could threaten banking sector stability. Klaus Gerhaeusser, head of the ADB's East Asia Department, told a conference that Beijing was concerned about
      -AFP  -  229 words
    • 2747 19 Transaction date: Juin For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing Airport Jeijing Ent
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    • 125 19 Stock name Close Chani Cai .and 5.820 -0.070 Cai iMall 3.110 -0.020 Cit' 11.220 +0.02I Cosco Con 3.150 +0.01 DBS Gri 19.040 +0.36I FSN 4.460 +0.030 Gent Intl 0.575 +0.015 HKLand 4.240 +0.020 JSH 16.540 -0.240 Jardine CSC 15.900 -0.260 tod name lose lange Kei Con
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    • 104 19 Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 5 3 0 0 0 10 5 3 Manufacturing 98 87 48 16 21 11 114 108 59 Commerce 22 40 18 11 30 51 20 ir/G ims 21 13 23 15 Finance 16 17
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    • 120 19 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 96,610 96,610 432,056 432,056 Manufacturini 1,457,576 161,043 1,618,619 1,076,919 14,640 1,091,559 Commerce 221,623 148,187 369,810 262,930 49,401 312,331 ]t/Stor/Comms 419,384 6,262 425,646 1,119,088 2,103 1,121,191 Finance 169,146 157 169,303 1,422,048 26 1,422,074 Construction 120,468 119,129 239,597 21,723 4,118 25,841
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  • INDIA
    • 510 20 -Remers They want to make India the largest trading centre for diamonds [MUMBAI] The ambitions of Mumbai's diamond traders are grand, even if their offices are not. They nurse dreams of rivalling Belgium's Antwerp as the world's diamond trading capital while sitting in
      -Remers; REUTERS  -  510 words
    • 232 20 ■AFP [NEW DELHI] US Democratic presidential candidate Barack Obama said he would not seek changes in a controversial nuclear deal with India and hoped it would be finalised by year-end, a magazine reported on Saturday. "The existing agreement effectively balanced a range of
      ■AFP  -  232 words
  • Page 20 Advertisements
    • 2610 20 r IJHiilllßllWl —l-i-l. BOUSTEAD SINGAPORE LIMITED —L-' BOUSTEAD SINGAPORE LIMITED (Incorporated in Singapore) (Incorporated in Singapore) ToUSfUBI (Company Registration Number: *****1036K) TOUSTUBI (Company Registration Number: *****1036K) Since 1828 Since 1828 NOTICE OF ANNUAL GENERAL MEETING NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of
      2,610 words
    • 454 20 Bid price starts from $2500 f lidding ends 11.59pm, 20 July 2008 —I I i i J M M~^N M~^^ Dimensions: (W)800mm x (H)1,798mm x (D)694mm Capacity of 542 L Features include Vitamin Factory, Soft Freezing Non-CFC Cooling In Deep Blue FREE delivery A Mitsubishi mtlt" ELECTRIC i"Efv J Changes
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  • ASIA-PACIFIC/WORLD
    • 323 21 Reuters [NEW YORK] Out of work for six months and desperate to find a job, one innovative New Yorker donned his new power suit a sandwich board and hit the streets of Manhattan to lure potential employers. "Experienced MIT Grad For Hire!" read
      Reuters; REUTERS  -  323 words
    • 965 21  -  ANTHONY ROWLEY LETTER FROM TOYAKO Staging of these annual spectacles is proving to be extravagant affairs By I spent much of this week working alongside hundreds of other journalists who had come from the four corners of the earth to cover the G-8 summit
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    • 735 22 ■AFP US MORTGAGE CRISIS Regulators aim to return troubled bank to private sector in about 90 days [LOS ANGELES] Federal-ly-seized IndyMac Bank is due to reopen today after suffering one of the biggest bank closures in US history, as the troubled US mortgage
      ■AFP; REUTERS  -  735 words
    • 707 22 LATWP [WASHINGTON] Treasury Department officials were working the telephones on Saturday to make sure that Freddie Mac, one of the nation's two troubled mortgage giants, will be able to sell US$3 billion of its securities today in a previously scheduled sale that has
      LATWP; REUTERS  -  707 words
    • 462 22 Reuters Such a move is likely to intensify street protests seeking to oust premier [BANGKOK] Thai Prime Minister Samak Sundaravej, who lost two ministers after tough court rulings, said yesterday he would rewrite the army-de-signed constitution, a move likely to intensify street protests to oust
      ■ Reuters  -  462 words
  • Page 21 Advertisements
    • 2481 21 PRIME LENDING RATES Juin WT BANKS KBCBankN.V 5.5 V^S I II ABN Amro Bank NY 5.5 Land Bank of Taiwan 6 ■^^^IF^II I 1111 HJaSSB Bsß Agricultural Bank Of China 5.5 Landesbank Baden-Wuerttemberg 6 WJJJT B^BH MM ANZ Banking Group 6 Lloyds TSB Bank Pic 6.25 i American Express Bank
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  • Page 22 Advertisements
    • 247 22 He Opened a World of Opportunity to Everyday Investors Sir John Templeton 1912-2008 One of the great innovators of the twentieth century has died. John Marks Templeton was born on November 29, 1912, in Winchester, Tennessee. He graduated with honors from Yale, won a Rhodes Scholarship to Oxford, and then
      247 words

  • WORLD
    • 471 23 Reuters Many seek long-term annual returns of around 5% over inflation [LONDON] Sovereign wealth funds are typically looking for minimal risk for the highest return with many seeking a long-term annual return of around 5 per cent over inflation, Barclays said on
      Reuters  -  471 words
    • 542 23  -  NEIL BEHRMANN UK hedge fund firm teams up with Abu Dhabi group By in London MAN Group, the independent UK hedge fund firm with US$BO billion under management, has teamed up with Abu Dhabi to invest directly in energy and environmental projects. The
      542 words
    • 383 23 ■Renters [SAN FRANCISCO] Yahoo Inc on Saturday rejected a proposal to sell its search business to Microsoft Corp and hand over the remainder of the company to activist investor Carl Icahn. Yahoo said in a statement that it received the joint proposal from
      ■Renters  -  383 words
  • Page 23 Advertisements
    • 1220 23 NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE COUGAR LOGISTICS CORPORATION LTD. Company Registration No. *****9721 C (Incorporated in the Republic of Singapore) To: All Shareholders NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of Cougar Logistics Corporation Ltd. (the "Company") will be held at 6 Sherrton Way,
      1,220 words
    • 1478 23 FISCHER TECH LTD Company Registration Number: *****4532R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Company will be held on Wednesday, 30 July 2008 at 3.00 p.m. at Sheraton Towers Singapore, Amber Room, Level 2, Thirty-Nine
      1,478 words

  • AVIATION/SHIPPING
    • 831 24 ■IHT Europeans, Asians showing growing appetite for cruise travel, says CEO [SINGAPORE] As Adam Goldstein celebrates his 20 years in the cruise ship industry, he can barely recognise the business he first joined in 1988. Back then, he recalls, cruise ships comprised a niche segment
      ■IHT; FILE PHOTO  -  831 words
    • 211 24 Bloomberg [DUBAI] Drydocks World LLC, the Dubai-owned shipbuilding and marine-repair company, hired eight banks to help it borrow US$2.2 billion to refinance outstanding loans it used to pay for two acquisitions in Singapore. The company will start meetings with potential lenders in Dubai,
      Bloomberg  -  211 words
    • 330 24 -Bloomberg [WASHINGTON] FedEx Corp, the second-largest US package-shipping company, is in preliminary talks to take over TNT NY, the Financial Times reported. Buying the Dutch operator would make FedEx the No 2 express-delivery service in Europe. Rising fuel costs and
      -Bloomberg  -  330 words
    • 265 24 Reuters [SYDNEY] Environmental protesters in Australia brought the world's biggest coal terminal to a standstill yesterday by blocking railway lines and chaining themselves to rail cars. Police said they arrested about 37 people who chained themselves to a train and rail tracks
      – Reuters  -  265 words
    • 2557 24 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), EVA
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  • Page 24 Miscellaneous
    • 329 24 CRYPTIC CROSSWORD ACROSS 5 Introduction to star at home 8 Jack gives fish to Rex (8) g—^ MM hh MM 9 Housing soldier in the vicini- BJ BJ BJ BJ ty is reasonable (7) HH HH HH HB^^ I 10 Comparatively old German ——BB BB BB BB^_J LJ LJ 11
      329 words

  • SINGAPORE STOCKS
    • 5864 25 Week ended: Jul 11 Hi. Low Code Comi Sale Hii Low Bui Seller Cvr P/E Sinii 5716 1st Software m 6j s si?24.5 5 1100 AEM 41 15.5 2101 APOil 141 54.5 5550 ARA 20 4 3100 ASA Grp 2hl <^:i /Sffi! 35 32s? 2 23 5 5209
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    • 65 25 _Hm Low Code Comi Sale COOP) _Hm Low _Buj Seller C'vr P/E Smil 200 116 6065 Diamonds US200d 250 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO US6200 US1000 US***** ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF
      65 words
    • 2083 25 Hii Low Code Comi Sale C000] Hii Low By Seller Cvr P/E ,mil 20 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s Afor 70.5 9.5 1524 s Alantac 22.5 8.5 7814 s Albedo
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    • 209 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalisf 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
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  • Page 25 Advertisements
    • 45 25 Le maitre de I'horlogerie depuis 1875 U, Wsmmßßj!i^ii fEsm *^B f^^l^^^s^ r^r H^» -ysaaSM -fjM^Blfc u^&Ja.^.^ fa^^. r IhMb djjsiojr^——LLji^CfflM^Hl Sole Distributor Service Centre: AUDEMARSPJGUET (SINGAPORE) PRIVATE LIMITED .^S 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 s^—J Internet: Http://www.audemarspiguet.com
      45 words

  • FINANCE & COMMODITIES
    • 372 26 Jill 11 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminary 929.8 -1.6 -17.8 -1.5 -20.4 -1.3 -15.5 EAFE Preliminai 879.2 -1.8 -21.5 -1.3 -21.6 -1.1 -16.8 Eun Prelim inan 1175.5
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    • 132 26 As at 9am Jul 11 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2990 1.3150 Can dollar 1.3380 1.3550 Euro 2.1340 2.1590 NZ dollar 1.0230 1.0460 iterlini ind 2.6740 2.7050 US dollar 1.3510 1.3670 Local dollars to 100 units of foreign
      132 words
    • 172 26 Jul 11 Offer Bid Overnight 3/8 1-monfli 15/16 2-months 1 1/16 3-months 1 5/32 Overnight mode: 3/8 US$ Offer 1/4 13/16 15/16 1 1/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.45 2.65 2.85 3.00 3.25 3.35 3.45 Offer
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    • 25 26 Jul 11 ten Jii Sett STI SIMSCI Jul 351.6 359.4 357.2 Taiwan Jul 266.6 275.4 273.6 Source: MF Global (S) He. Ltd
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    • 21 26 Jul 11 Bid Offer 1-month 1.3571 1.3588 2-months 1.3552 1.3570 3-months 1.3535 1.3553 6-months 1.3484 1.3504 Source: OCBC
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    • 155 26 Julii Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3064 1.3081 0.9611 0.9613 Canadian dollar 1.3428 1.3449 0.9878 0.9883 Euro 2.1444 2.1471 1.5776 1.5778 NZ dollar 1.0299 1.0324 0.7577 0.7587 Sterlin. md 2.6856 2.6891 1.9757 1.9761 US
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    • 358 26 Jul 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.095 ***** 0 0 ***** 17§?8 3023 EUROYEN FUTURES SepO8 99.145 99.145 DecO8 99.125 99.125 MarO9 99.090 99.090 JunO9 99.010 99.010 SepO9 98.940B DecO9 98.835B Mar10 Jun10 99.145 99.115 99.065A 98.980 99.145 99.125
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    • 275 26 Jul 11 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct08 NOV08 Dec 08 Jan/Mar 09 443.25 439.25 436.75 437.50 437.25 438.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
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    • 103 26 Jul 11 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1630.50 1609.50 1645.00 1605.00 Aug 08 1615.50 1600.50 1632.00 1585.00 Sep 08 1605.50 1593.00 1620.00 1577.00 Nov 08 1596.00 1587.00 1617.00 1561.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 64.48 64.45 66.00
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    • 77 26 CRUDE OIL PRODUCTS Jul 10 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 138.84 1.77 WTI (Near Mth) 141.15 5.44 Dubai (1-Mth F) 132.36 -1.5 Tapis blend 144.45 -1.55 Minas 141.5 -1.6 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 128.82 168.90 -1.18 -1.3 US$/barrel Opec Oil
      77 words
    • 463 26 Julii AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.973 6.569 0.609 7.500 41.135 88.027 1.030 9.629 3.118 1.268 67.236 43.787 1.307 7.425 0.989 29.208 32.378 0.486 0.961 Canada 1.028 6.753 0.626 7.710 42.285 90.490
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    • 89 26 Jul 11 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****S 09.10.08 1-Year BY*****N 04.05.09 0.42 0.73 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
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    • 75 26 Jul 11 (US$) (SS) 2.***** 0.***** 6mths 1.***** 9mths 1.***** 12mths 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 3.***** 5yrs 3.*****
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    • 63 26 Julii KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position Jul 08 3487 Aug 08 3502 SepO8 3519 Oct 08 3521 Total o/p: ***** contracts 3540 3539 3487 3565 3571 3502 3575 3582 3510 3587 3589 3520 Turnover: *****
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    • 193 26 Jul 11 GOLD (USS/oz) JuliO Jul 11 GOLD BULLION COINS (S$) Sellim Hong Kong London 927.30 944.20 928.30 945.20 Jul 11 JuliO 963.30 940.95 964.30 941.95 Source: Reuters (S$) Selling Buying 1 oz 1432.73 1291 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $501.83 412 SILVER Selling Buying
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    • 68 26 Julll Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3271.20 3242.20 3 months 3317.00 3290.00 Copper, Grade A (US$/tonne) Cash 3 months 8450.50 8270.00 8413.00 8230.00 Lead (US$/tonne) Cash 3 months 1967.50 1965.00 1987.50 1984.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00
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    • 78 26 jui n (£/tonne) Close Prev Hii ih/Low Jul 08 1609 1618 1630/1590 SepO8 1540 1556 1580/1516 Dec 08 1534 1542 1565/1510 Mar 09 1515 1521 1535/1490 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2406 2380 2433/2394 SepO8 2331 2314 2376/2320 Nov08 2296 2281 2337/2281 Jan 09 2246 2240 2285/2240
      78 words
    • 4053 26 BONDS WARRANTS [el Zode Comi Last Sale +orVol Conv Exer ['000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 ArianeCorp Ltd W*****9 J092 Asia Environment W*****4 1481 Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd WO***** i756 Asiatic Grp (H) Ltd
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  • Page 27 Advertisements
    • 2618 27 m The Business Times Shipping Times flfl n BjP"«I BBi I WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R m^Z llb BllßEiffiStSßGfeESHSSsHaffiSEllliiH %r~~ ■■■>*■ TEL *****588 (14 LINES) FAX: *****163 Bfc W^n^WmfKC^^ Bft^Ll WBt&tWIMXmXiIKEI XAM^WAN HAI INF\ Calomel Servi<e/Bookin 9 s Dite<l Line (1800) *****200 I A«! I I I"l^W>
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  • Page 28 Advertisements
    • 3389 28 RICKMERS-LINIE »-d I |f~SH EASTERN CAR LINER. LTD IFS £J®3S& I Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com I \U Km I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I ii.rri#i w rvnnroo omi mn oniirnui r USA Service H WbbKLY bXrnboo bAIUNIi oLHbUULb Vessel I Vov SIN I ALT
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  • Page 29 Advertisements
    • 5397 29 ___^^^W I I fFM-1 A MnCDCf RT Tel: 65-*****907 Fo»: *****917 I I^™ K\aT^ _E9 IS! E9 B9 £5 ANDERSEN Emaihasc@ascasia.com I W&H CI fIRY NAVIfiATMIU CRIMP I Bk^RMI 188 -FSB 118 smppmr, company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 ■1M ULUIII HftVlUfll lUN Ulf UUI" Bj^WrHP!!I!PPiHPiiPiiVS^ INHIII
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  • BizIT
    • 673 30  -  Sales from its business segment recorded a 5% improvement in 2007, reports WINSTON CHAI CONSUMERS are tightening their purse strings amid the uncertain economic climate but Lexmark aims to make up for the shortfall by tripling sales from its enterprise customers in Singapore. "I
      673 words
    • 471 30  -  ONG BOON KIAT By THREE years after launching X-Fi (Xtreme Fidelity), Creative Technology has taken a major step to push this highly rated sound processing technology into mass adoption by incorporating it into a new line of digital media players. And the
      471 words
    • 602 30  -  AMIT ROY CHOUDHURY Spending likely to rise as SMB workers become mobile By SMALL and medium-sized businesses in Singapore are on track to invest up to US$l.5 billion on Internet access and telecom services this year, up 3 per cent over last
      602 words
    • 960 31  -  AMIT ROY CHOUDHURY Mobile operators figuring out how to monetise this growth: study By THE demand for user-gen-erated content (UGC) has been growing rapidly among Singapore's "netizens" in recent years with video-sharing sites, social networking sites (SNS) and blog sites remaining the most sought
      Frost and Sullivan  -  960 words
    • <what's up>
      • 94 31 A TEAM of Singapore students has won its category at the Imagine Cup, a Microsoft sponsored global student technology competition. Team Trail Blazers from Nanyang Polytechnic bagged US$l5,OOO in this year's final, held this month in Paris. Showing a vacuum cleaner turned air pollution-monitoring
        94 words
      • 40 31 LOCAL online car advertising and resource portal sgCarMart.com has received an investment from pan-Asian online recruitment agency JobsDß Inc. The move will see both firms cross-link their users, thereby boosting the online traffic of both portals.
        40 words
      • 89 31 Driving high-end games requires extreme computing brawn and the ASUS G7O laptop PC has approached this task by having: a choice of Intel's Core 2 Duo or Core 2 Extreme processor, dual Nvidia GeForce 8700 M GT graphics engine, two hard drives, two
        89 words
      • 66 31 WITH the slide of a switch, D-Link's new DAP-1150 wireless G Access Point can turn into an access point (AP) hub, AP client or network repeater. As an AP, it can connect PCs to the Internet or to each other via WiFi. As an
        66 words
      • 95 31 THE Aspire One is the Taiwan PC maker Acer's response to the raft of ultra-mobile PC (UMPQ offerings in the market. Weighing less than one kg, It is powered by Intel's Atom processor and runs on a Linux operating system. It comes with IGB RAM,
        95 words
      • 72 31  -  AZTECH has launched the 200 Mbps Home Plug AY Wireless 802.1 In Router/Extender, this versatile device can be used to extend wireless coverage via powerline to eliminate blind spots and weak signals. It also serves as a regular 802.1 In wireless router, a high-speed powerline
        72 words
    • 1007 31  -  LEE KWOK CHEONG &lt;you say&gt; Undoing the best IT systems does not take five years, just a moment of human error By WE usually think of threats to peace and security as coming from the economic, political, racial, or religious realms. But there
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  • Page 30 Advertisements
    • 1405 30 Orchestra* VOIP Call Centre Solutions Orchestra VoIP Call Centre Orchestra* VoIP Call Centre consists of various "ZC- modules like automated call distribution (ACD), I^'^^ SIP-PBX, auto-attendant, interactive voice re--1 sponsßS (IVRJ, unified messaging solutions, fax Acents software servers, integrated media (voice and screen) ref£ cording, real-time monitoring, orchestrated to \^^^^^St^^^Ktm'
      1,405 words
  • Page 30 Miscellaneous

  • Page 31 Advertisements
    • 150 31 I 3Com is an Energy Star Partner j and a winner of the President's Environment and Conservation I Challenge Award in the United HSI States of America. 3Com Commitment To Environmental Health Safety For over 25 years, 3Com has been developing high quality and affordable data, voice, wireless LAN, and
      150 words

  • BizIT FOCUS
    • 1328 32  -  SOA combined with Web 2.0 gives firms powerful new tools, writes AMIT ROY CHOUDHURY IN the age of Web 2.0, Internet users are rewriting the rules of social interaction by harnessing a range of new technologies to create and sustain virtual communities forged
      REUTERS  -  1,328 words
    • 1237 32  -  AMIT ROY CHOUDHURY Social networking tools on portal allows for more citizen participation By THE National Heritage Board, which launched its MyHeritage Portal on Saturday, July 12, has used Web2.o technologies and collaborative social computing to improve the quality of
      1,237 words
  • Page 32 Advertisements