The Business Times, 15 July 2008

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Microfilm: NL29427
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, July 15,2008
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  • Article
    Lock icon Move to curtail Seletar flights ruffles feathers
    694 1  -  YEN SREENIVASAN Authorities want to close runway 14 hours a day for extension works [SINGAPORE] Controversy has once again erupted at Seletar airport amid plans by the authorities to partially close its runway for one-and-a-half years for extension works. The Economic Development Board
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  • Article
    Lock icon Rescue of mortgage giants in US calms Asian nerves
    691 1  -  CONRAD TAN US Treasury, Federal Reserve step in to support ailing firms; Asian markets swing but stabilise [SINGAPORE] Stocks around Asia see-sawed yesterday but recovered from the day's lows as markets reacted to news that the two largest pillars of the
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  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      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
    • Article
      Lock icon MARKETS
      45 1 1 COMP 1,144.00 -6.39 IIKKEI 225 13,010.16 -29.53 IANG SENG 22,014.46 -170.09 ;et INDEX 717.06 -13.23 JAKARTA COMP 2,259.54 -17.31 1ANILA COMP 2,457.27 +19.28 ;eoulcomp 1,558.62 -8.89 IHENZHEN B 473.71 -3.93 IUMBAI IND 13,330.51 -139.34 12N00N EDT Change )OW 11,034.02 -66.52 IASDAQ 2,215.88 -23.20
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    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.356 (US$/S$ per 1.987 2.694 iURO (US$/S$/E) 1.588 2.153 'EN 106.60 78.60 3.232 2.384 IK$ 7.803 5.756 IAHT 33.64 24.81 WPIAH 9,145 6,745 IENMINBI 6.839 5.044 INDIAN RUPEE 42.84 31.60 1.033 0.762
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      184 1 OBITUARY PROPERTY COMMENTARY BE INSPIRED I —I Ong Chit Chung Sales at showflats NATSTEELsaga Zap for daily inspiration. IJ I dies at 59 m iSjiM| tapering off coming to an end Win a Zegna Sports km PAGE 10 XIII PAGE 32 PAGE 5 Gym Kit! PAGE 11 MORE REPORTS I
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  • TOP STORIES
    • Article
      Lock icon Party time – and a busy week for Wall Street
      632 2  - Party time and a busy week for Wall Street ANDREW MARKS Major earnings reports, economic data coming over the next few days in New York THIS week starts with investors celebrating the latest twist in the credit crisis as the government rides to the rescue of mortgage giants Fannie Mac
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    • Article
      Lock icon Plans to buttress Fannie, Freddie fall short
      373 2  -  DWIGHT CASS THE US government is unfurling lots of plans to buttress Fannie Mac and Freddie Mac but they're more hospice care than cure. The measures floated on Sunday evening, meant to head off a rout in the gov-ernment-sponsored enterprises' (GSE) stock and
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Approval processes at China Energy lacking: PwC
        66 2 CHINA Energy yesterday released the findings of PricewaterhouseCoopers (PwC) on its investigation into an additional payment the group made for an acquisition it entered into two years ago. The report highlights that certain approval processes in the group are lacking and recommends that
        66 words
      • Article
        Lock icon Koda warns of weaker full-year earnings
        48 2 FURNITURE maker Koda warned yesterday of weaker full-year profits this financial year, citing lower-than-expected sales from the United States, a market that has been hit by the sub-prime crisis and accounts for 40 per cent of its sales. COMPANY NEWS, PAGE 6
        48 words
      • Article
        Lock icon ST Aerospace, GE sign pact on global tie-up
        70 2 SINGAPORE Technologies Aerospace (ST Aerospace), an arm of Singapore Technologies Engineering, has signed an agreement for global cooperation with GE Aviation. The areas of cooperation include engine maintenance, repair and overhaul and on-wing support, in which GE will provide technical assistance and
        70 words
      • Article
        Lock icon Swiber lands maiden Vietnam deal
        68 2 SWIBER is continuing to expand in the regional offshore oil and gas market, and it announced yesterday its maiden contract in Vietnam. The group said that its subsidiary, Swiber Offshore Construction, had been awarded a substantial Letter of Intent from Vietnam state-linked company, Vietsovpetro, to
        68 words
      • Article
        Lock icon University of Melbourne eyes tie-ups to boost R&D
        43 2 ONE of Australia's top universities wants to significantly ramp up its research and development work and has set its sights on partnering a number of Singapore institutions to realise those goals. SINGAPORE NEWS, PAGE 11
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      • Article
        Lock icon Japan cuts outlook on business sentiment
        88 2 THE government downgraded its view on Japanese business sentiment in a monthly report yesterday and reiterated caution on the outlook for the economy in the face of a spike in crude oil prices and a US slowdown. The report added to growing concerns that
        88 words
      • Article
        Lock icon Harley-Davidson to buy MV Augusta for US$109m
        75 2 AMERICAN motorcycle giant Harley-Davidson has agreed to buy MV Augusta for US$lO9 million, in sharp contrast to the one euro it paid when it bought the Italian bike-maker from Proton Holdings in 2006. The news is likely to unleash a firestorm of criticism
        75 words
      • Article
        Lock icon Condo sales at showflats tapering off
        81 2 WHILE City Developments managed to sell 96 units last week at its Livia condo at Pasir Ris, developers of most other projects suffered rapidly declining sales at their showflats. At least one developer blamed Livia's attractive pricing $650 psf on average for "spoiling" sales
        81 words
    • Article
      Lock icon S'pore 'should rely more on home market'
      508 4  -  CHUANG PECK MING WTO sees domestic consumption as a source of growth [SINGAPORE] Singapore, heavily dependent on trade, must turn more to its home market for economic growth in the longer run, according to the World Trade Organization (WTO). "Singapore needs to rely
      508 words
    • Article
      Lock icon No irregularity in 191m yuan payments by China Energy
      626 4  -  LYNETTE KHOO But independent auditor PwC finds approval procedures could be improved [SINGAPORE] China Energy yesterday released the findings of PricewaterhouseCoopers (PwC) on its investigation in an additional payment the group made in an acquisition made two years ago. The report
      626 words
    • Article, Illustration
      Lock icon Traders holding less oil as prices, financing costs rise
      471 4  -  RONNIE LIM [SINGAPORE] High oil prices and steeper financing costs have caused oil traders to either store less or keep a watchful eye on their inventories at the oil terminals here, BT understands. "Generally, people are holding less inventory than they
      AFP  -  471 words
    • Article
      Lock icon Stolt-Nielsen plans to build tankfarm on Jurong Island
      314 4 325,000-cu m outfit to be completed in two years' time [SINGAPORE] Norway's Stolt-Nielsen is planning to build a 325,000 cubic metres chemicals storage terminal on Jurong Island which will likely be one of the last tankfarms allowed there given the limited land
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      549 2 IFRS Seminars Dates and Time This International Financial Reporting Standards (IFRS) series of seminars provides Day 1 Monday 11 August 2008 guidance on selected standards and brings you up to speed on the latest developments and Day 2-Tuesday^ 12 August 2008 emerging issues. i «r j j ita .mm The
      549 words
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      Lock icon Page 2 Advertisements Column 2
      181 2 JJijjjjjyj-j, j'jkiJJiJjJj, j^u/jjy, ■JW/u/Jjjjj, SIM Annual Management Lecture The Extreme Future: Top Trends That Will Shape the 21 st Century Global Marketplace 3 pm 5 pm (Registration, networking and tea reception start at 2 pm) Fee: Ss3so Ss4so (SIM Members Non-members) SIM Membership Event Pass-Not Applicable Are you ready to
      181 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      145 3 H' *""^H Mm ZHEJIANG TOPCHANCE GROUP CO., LTD. I congratulates PT. 081 PRIMA NIKEL, INDONESIA J I on their inaugural shipment of sintered nickel ore. I I We are proud to be the recipient of the first Indonesian I I Sintered Lateritic Nickel Ore shipment in China. I I In
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  • Page 4 Advertisements
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      55 4 rsT©#rn Lianhe Zaobao I Another feather in his cap China's top I I developer media I tycoon I now also known as "energy^ king" iXUHNDTHEONESmI U pJ THAT FIT! H r^J Recruit the right people I__3 _^J through CATS Recruit. I fj Call 1800 289 8822 or email \y~\ f°^
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      104 4 Our qualified professionals W/it~£-^ can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: ut >M British Virgin Islands P^U^^^^^l Cayman Islands I 7^l Bahamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts
      104 words
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      82 4 Fantasy Waterbeds Pte Ltd x£S(& Where Sleep Matters. •Aft", JjsJ^P Thinkofusas ;> p- A Natural Anaesthetic. Ergonomically designed with rheumatic and arthritic sufferers in mind, you can experience complete holistic sleep and all the benefits that come with it. a Visit our Fantasy Sleep Centre for your ultimate sleep solutions.
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      21 4 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • COMPANY NEWS
    • Article
      Lock icon NATSTEEL saga coming to an end
      738 5  -  CONRAD TAN M HAT now for I NATSTEEL? For one thing, shareholders can expect its name to change. Now that 98 Holdings, the investment vehicle controlled by hotelier Ong Beng Seng, owns 81.24 per cent of the former steel maker, perhaps the group will
      738 words
    • Article
      Lock icon ST Aerospace, GE sign pact on global tie-up
      341 6 It covers overhaul and on-wing support for GE engines SINGAPORE Technologies Aerospace (ST Aerospace), the aerospace arm of Singapore Technologies Engineering Ltd (STE), has signed an agreement for global cooperation with GE Aviation (GE). "This agreement underlines the commitment from GE and
      341 words
    • Article, Illustration
      Lock icon Koda sees drop in FYOB profit on weaker US sales
      526 6  -  JAMIE LEE American market, hit by sub-prime crisis, makes up 40% of turnover FURNITURE maker Koda warned yesterday of weaker full-year profits this financial year, citing lo-wer-than-expected sales from the United States, a market that has been hit by the
      FILE PHOTO  -  526 words
    • Article
      Lock icon Indofood Agri denies plan to sell shares
      128 6 ■Reuters PLANTATION firm Indofood Agri Resources yesterday said it did not plan to issue new shares to help repay loans that will become due next month. "We intend to refinance this loan using longer-term loans and we are negotiating with several local banks
      ■Reuters  -  128 words
    • Article, Illustration
      Lock icon Swiber lands maiden Vietnam contract
      330 9  -  VINCENT WEE Deal will boost group's order book past USs476m announced in May SWIBER is continuing to expand in the regional offshore oil and gas market, and it announced yesterday its maiden contract in Vietnam. The group said that its subsidiary, Swiber Offshore Construction, had
      FILE PHOTO  -  330 words
    • Article
      Lock icon Advanced bags 4 new contracts
      258 9  -  NISHA RAMCHANDANI MAINBOARD-LISTED Advanced Holdings, which has been striving to strengthen its position in fast growing industries such as oil and gas, has landed four new contracts totalling $19.3 million for projects in Singapore and China. Advanced supplies equipment and technologies for use in the
      258 words
    • COMPANY BRIEFS
      • Article
        Lock icon Chosen warns of lower full-year earnings
        79 9 CHOSEN Holdings warned yesterday that it expects to report lower profits for the full year ended June 30, 2008. While the group's operations in China had performed as expected, results for the second half of FY2OOB had been affected by the lower demand for
        79 words
      • Article
        Lock icon ECS mulling share placement to restore public float
        59 9 ECS Holdings said it is working on a possible placement of shares to a sufficient number of placees in order to restore its public float. The Singapore Exchange had earlier granted the company a further three months up to Sept 14 to
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      • Article
        Lock icon Chasen Hldgs buys CEL Logistics
        66 9 CHASEN Holdings yesterday said it is buying over CEL Logistics Sdn Bhd, which specialises in providing third party logistics services such as warehousing, transportations and projects management. The consideration, which depends on the after-tax profit for FYO7 and FYOB, will be satisfied by the issuance
        66 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      563 5 I HHNNBHHM IB I HMpM|lpM|jpHM IWIp W^mmj^mjM rj ccDUfn R D A9CI\VvUI\r f m wSSmmBSSm JOnArt (y/firc ESOpPI www.servcorp.com.sg I Everything but the office I From $90* per month! A |l No set up fees, no security deposit, month to month flexibility M Prestigious address for your business cards and
      563 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      394 6 /4?> Get your Rabobank Warrant IO IUI Highlights daily via email. Vffßlvl mr Visit www.rabowarrants.com.sg or gi*l*ysjmlflj& ftj| emailwarrants@rabobank.com ■^^OT^gTO^M STRAITS ASIA RB ECW*****6 (F7SW) FERROCHINA RB ECW*****6 (F7RW) STRAITS ASIA RESOURCES LTD Call FERROCHINA LIMITED Call Exercise Price 553.00 Exercise Price S$ 1.20 L Expiry Date 26 December 2008
      394 words
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  • Page 7 Advertisements
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      158 7 ALTERNATIVE THINKING ABOUT BUSINESS AND TECHNOLOGY: I >^ Buy a ProLiant DL3BOGS server by 31 st August 558,238 Nett and be entitled to purchase the Microsoft Quad-Core Intel® Xeon® Processor E5405 t Windows Server 2008 Standard Edition (Can 6 gb2 sl oksas be downgraded to Microsoft Windows Server Hot-piuggabie 2003
      158 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI sheds 0.8% in see-saw session
      591 8  -  CONRAD TAN STOCKS Banking and property stocks pull index lower following adverse news from the US STOCKS here fell yesterday, starting the week with a roller-coaster ride that is likely to last well into the next few sessions, as a slew of bad news
      Bloomberg  -  591 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      91 8 Up Down Unch Up Down Unch Up Down Unch lultl Ind 2 12 2 0 0 0 2 12 2 lanufacturing 31 78 67 18 34 84 85 Commerce 10 29 20 12 35 26 'pt/Stor/Comms 19 21 10 :inance 19 20 Construction 12 'roperties 30 30
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      110 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 13,267 13,267 43,874 43,874 lanufacturing 296,217 32,312 328,529 228,821 4,668 233,489 Commerce 38,929 18,273 57,202 59,707 6,467 66,174 "pt/Stor/Comms 73,869 329 74,198 154,651 105 154,755 :i nance 21,966 10 21,976 221,937 221,939 Construction 21,313 19,171 40,484 3,224 479 3,703
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 8 lapitaLand 5.810 -0.010 lapitaMall 3.090 -0.020 jtyDev 10.940 -0.280 losco Corp 3.150 IBS Grp 18.800 -0.240 :&N 4.440 -0.020 Sent Intl 0.565 -0.010 IK Land 4.130 -0.110 ISH 16.060 -0.480 lardineC&C 15.760 -0.140 Ceppel Corp 10.720 -0.040 Ceppel Land 4.710 -0.130 IOL 3.100 loble Grp 2.190
      105 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Jul 14 VALUE CLOSE IT OB/OS -911.00 -89.0C IT CADI -*****.00-187.0i IT 10-day MA -*****.00 -91.0' TSE ST Mid Cap 705.22 -4.7 TSE ST Small Cap 578.14 -6.6. TSE ST All Share 729.96 -5.8i TSE ST China Top 422.68 -4.1 TSE ST China 416.29 -3.01 OB Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME China Honqxinq 73,799,000 ChinaNTown 40,969,000 Li Henq 38,272,000 Global Voice 24,434,000 SingTel 20,057,000 Dayen 17,416,000 Ocean us 16,638,000 Ferrochina 16,265,000 Noble Grp 16,091,000 Synear 15,694,000 VALUE(S) SingTel 70,257,460 UOB 66,901,373 DBS Grp 56,890,838 OCBC Bk 43,060,465 SGX 41,421,090 CityDey 38,815,469 China Hongxing 36,427,600 Noble Grp 34,669,660
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    • Article
      Lock icon RISES
      97 8 CLOSE UP LP 10US$ 9470 176.2 1.4 ICBC Bk4.5%NCPS 100 ***** 10.0 0.1 loble Gr| 219 8.0 3.: Itraits Trdi 739 8.0 1.1 T&T 531 7.0 1. ITI 3200 BNPePW***** 65.5 5.5 9.. iheuni |Woh 25 5.0 25.' iBS MBL eCW*****8 28.5 5.0 21. •eloni 325 5.0 1.' lobleGri
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    • Article
      Lock icon FALLS
      116 8 BY CENTS CLOSE DOWN ISH 1606 -65.0 -2.9 reat Eastern 1590 -62.0 -3.8 IMH 2878 -32.5 -0.8 >han< liAC 80 -31.3 -69.2 :it 1094 -28.0 -2.: iBS Bk6% NCPS 10 ***** -28.0 -0.3 iBS Gri 1880 -24.0 -1.: IOBMBLJCW*****0 516 -24.0 -4.4 lain irm 435 -20.3 -3.: ilA 200
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    • Article
      Lock icon CURRENCIES
      82 8 iere! S$ stands Jul 14 CHNG CLOSE FRJulH YR2008 S$ LOW S$ HIGH ISS 1.3565 0.27 1.4542 1.3457 iuro 2.1514 -0.16 2.2064 2.0474 'ouncls 2.6906 -0.05 2.8431 2.6568 1.3128 -0.31 1.3235 1.2349 'en* 1.2719 -0.20 1.4484 1.2619 lupiah* 0.***** 0.16 0.***** 0.***** laht* 4.0312 0.18 4.4299 4.0285 •eso* 2.9978
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    • Article
      Lock icon BROKERS' TAKE
      390 8  -  LYNETTE KHOO Sing Tel July 14 close: $3.53 Phillip Securities, July 14 THE share price of Sing Tel has dropped recently in line with the fall in the equity markets, due to increasing concerns over inflation and the sub-prime mortgage problems. On June 13, mobile phone numbers became
      390 words
    • Article, Illustration
      Lock icon STI may head for 2,832 in short term
      271 8  -  KEN TAI CHEE MING, CHART POINT THE previous week was beset with many traps. The Straits Times Index (STI) rebounded strongly on Monday, Wednesday and Friday, but performed poorly on Tuesday and Thursday. The rebounds, notably Friday's, gave the false impression that
      Bloomberg  -  271 words
    • Article, Illustration
      Lock icon Dollar still fragile after US rescue plan
      530 8  -  LARRY WEE CURRENCIES THE US dollar rebounded from Friday's multi-month lows yesterday, after the US Treasury and the US Federal Reserve announced plans to rescue two giant US mortgage lenders. Financial news reports suggested that the greenback was already reeling last Friday from
      Reuters  -  530 words
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      358 9 Cdccr in. for a fmfill-iTitf experience... PH[T^ *>^^^^^ tfta^ I k iflf i r t"(i J It I I 9. jWBI H anop to your Leait's content... PR: \W 'V« fOS Vlt '•■':''> l JM apf ll^n^ i ''111 1^ |l' -1,. |m eatymaliJL.. lilt your v, ft T 3t
      358 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Ong Chit Chung dies at age 59
      494 10  -  MELISSA YEO PM Lee and fellow MPs pay tribute to a hard-working colleague MEMBER of Parliament Ong Chit Chung died suddenly at home yesterday at the age of 59. Fellow MPs, led by Prime Minister Lee Hsien Loong, and others expressed deep regret
      494 words
    • Article, Illustration
      Lock icon Asia casino tally hits 121, and counting
      628 10  -  ARTHUR SIM THERE are now 121 casinos in this part of Asia and this does not include the two casinos at Singapore's integrated resorts. All are also within a short flight from Singapore. Ernst Young (E&Y) also believes Taiwan, Japan and Thailand are
      FILE PHOTO  -  628 words
    • Article
      Lock icon RBS appoints new ABN head for S'pore
      214 10 THE Royal Bank of Scotland has appointed Muhammad Aurangzeb as the new country head for ABN Amro in Singapore. This new appointment is in addition to his future role as head of Global Banking and Markets (GBM) for RBS in South-east Asia and
      214 words
    • Article, Illustration
      Lock icon University of Melbourne eyes tie-ups to boost R&D
      410 11  -  LEE U-WEN Spores approach to fostering R&D in biomed sciences to reap rewards: Prof ONE of Australia's top universities wants to significantly ramp up its research and development work and has set its sights on partnering a number of Singapore institutions to
      410 words
    • Article
      Lock icon Commuter fare hikes could be less than 1.8%
      187 11 SINGAPORE'S Public Transport Council said commuters here are likely to face fare hikes of less than 1.8 per cent. A Channel News Asia (CNA) report yesterday said that chairman Gerard Ec had given this assurance as bus and train commuters brace themselves
      187 words
    • Article
      Lock icon S'poreans get chance to intern in Middle East
      351 11  -  DIONDI TAN BY the summer of next year, Singaporean university students will have the opportunity to spend three months of their academic year participating in an internship in an exotic locale: the Middle East. Yesterday afternoon, Young Arab Leaders (YAL) chief executive
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  • Page 10 Advertisements
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      119 10 Move j^F up fast. S Propel your career to greater heights with our executive MBA program. Here, expect a highly-personalised and innovative learning experience that will improve your confidence and maximise your potential. Through our effective methods of synthesising and applying knowledge, you will learn to be a better manager
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      155 10 The Straits Times The Business Times Online. The latest news. Any time, anywhere. THF TRAITS TIMES_?jriI R^?^_____^__ BlVftliS^ fffQ& T™ cmi* L 1*""" I ST^^^^mF HPPB Breakrng News Mffi2SSiJ'S"**''i**™*'" tnlwS"" 1' 1 C« Indices 1 TniM^^^. r e L Mn^,^,1 no '.harp rebound. "pr"';vith 50m-P -ps- ".l:-" I The Business
      155 words
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  • Page 11 Advertisements
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      133 11 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! I fl J To Zap: 1) Download
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      266 11 ~j j piTiM*fl 11 In today's uncertain markets, you need a flexible strategy to create long-term wealth. The ÜBS Core-Satellite investment approach focuses on helping you build for your future while allowing you to seize opportunities as they arise. Supported by a network of global resources, and over 140 years
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  • SME Inc
    • Article, Illustration
      Lock icon Vietnam gloom forces SME rethink
      847 12 Many are looking at ways to reduce their exposure or diversify income streams, reports OH BOON PING BUSINESSES at a number of small and medium-sized enterprises (SMEs) have been affected by adverse economic developments in Vietnam, and some are taking steps to cut their exposure
      FILE PHOTO  -  847 words
    • Article
      Lock icon It's back to basics when the going gets tough
      699 12 THIS WEEK'S TOPIC How is inflation affecting SMEs in Singapore, and what is your company doing to cope with rising costs, both here and overseas? Kenny Yap Managing Director Qian Hu Corporation SOME SMEs with no pricing power and low productivity
      699 words
    • Article, Illustration
      Lock icon Deriving growth from innovation
      1182 13 ENTREPRENEURSHIP SERIES With entrepreneurship, the two drivers will ensure Singapore's global competitiveness in the long term, reports LIM WEN JUIN WITH the emphasis on entrepreneurial development that we have in Singapore today, one may be tempted to ask why we bother trying to galvanise would-be start-ups
      FILE PHOTO  -  1,182 words
    • Article, Illustration
      Lock icon Slippery road for SMEs to navigate
      1319 14  -  CHEN YEW NAH The next five years will be challenging so small businesses must avoid the pitfalls that lie ahead ENTREPRENEURS and small and mediumsized enterprise (SME) owners tend to be a forward looking group. With new deals and products to pursue, exciting markets
      FILE PHOTO  -  1,319 words
    • Article
      Lock icon New online risk-assessment tool boost success for SMEs
      766 14  -  DIONDI TAN "RISK" has long been considered a taboo word within the SME business circles. Company managers take great pains to avoid any new moves for a business that involve significant risk, and shareholders shudder at the very mention of the word.
      766 words
    • Article, Illustration
      Lock icon A boon for importers, exporters
      648 15 PRO-ENTERPRISE CHANGES TradeNet's new version makes processing of declarations on imports or exports of goods easier, reports OH BOON PING PROCESSING of declarations on the imports or exports of goods has now become easier thanks to recent enhancements made to Trade Net, a na-tion-wide electronic
      ARTHUR LEE  -  648 words
    • Article, Illustration
      Lock icon Going paperless with electronic invoicing
      490 15 IT MATTERS FAST, cheap, easy to use and environment-friendly these are the benefits of the electronic invoicing (e-in-voicing) system which was introduced by the government in May 2008. With the adoption of the system, suppliers can now submit their invoices electronically to Ministries and Statutory
      490 words
    • Article
      Lock icon What suppliers need to do for e-invoicing
      136 15 SUPPLIERS will be given a transition period of six months from May 1 to Oct 31, 2008 -to adopt e-invoicing. Companies will need to get ready their business registration number, IRAS' E-Services Authorisation System (EASY) Access Code and employees' Sing Pass, and authorise
      136 words
  • Page 12 Advertisements
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      1003 12 ENZER ENZER CORPORATION LIMITED (Company Registration No. *****6945E) (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 AT CONFERENCE ROOM, BLOCK 4012, ANG MO KIO AVENUE 10, #06-08 TECHPLACE I, SINGAPORE *****8 ON
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  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      70 12 SME BBS The topic for next week's SME Voices column is: "What does an SME need to do to attract, develop and retain talent? If you are an SME owner or leader, we would like you to share your views on the topic. Please e-mail your response, together with your
      70 words
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      849 13 Agri-Opportunity -<>j Capital Guaranteed Fund a&»Quarterly Potential Coupons 1 3jL Memory Factor helps to recover any lost coupons from the past quarters 2 s^L Additional Bonus Coupon per Unit plus .?**Sv^JSB^\ Guaranteed Net Asset Value per Unit of SGDI0 3 upon the occurrence of the 3L Guaranteed Net Asset Value
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      1532 14 y*v TT INTERNATIONAL LIMITED "HTTr- (Company Registration No. *****3771 D) (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 at 10 Toh Guan Road #1000, TT International Tradepark, Singapore *****8 on 31 July
      1,532 words
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      209 15 wm mm \\&*m H SfflK gga^^^TSgKg^^ JHHiMHillHHjiHlliM rjiVi>7W mmmWZ-w •1*mmm mm 'rrV^0 TTn7r¥^^T7T3H jw HifMjififlfifMfl "8 IklkiYV Lrn /*V !lfl ess WA MMr' i k Singapore Tokyo S^RP l^ffl9 Tokyo ->• Singapore Morning m^j^j^jt^i^ Night Flight No Dep Arr Flight No City Dep Arr Flight No City Dep Arr Flight
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  • ECONOMY WATCH
    • Article
      Lock icon Japan cuts outlook on business sentiment
      525 16 Reuters Report adds to concerns that nation may be slipping into a downturn [TOKYO] The government downgraded its view on Japanese business sentiment in a monthly report yesterday and reiterated caution on the outlook for the economy in the face of a spike in
      Reuters  -  525 words
    • Article, Illustration
      Lock icon Thai confidence index at its lowest this year
      499 16 Reuters [BANGKOK] Thai consumer confidence in June fell to its lowest level this year hurt by inflation at a decade high and ongoing political uncertainties, a survey showed yesterday. The confidence index fell for a third month to 70.8 in June from
      – Reuters  -  499 words
    • Article
      Lock icon Yuan hits new high as China focuses on inflation
      377 16 Bloomberg [SHANGHAI] China's yuan yesterday climbed to its highest level since a US dollar link was abandoned in 2005 on signs that poli-cy-makers will seek a stronger currency to rein in inflation. The yuan rose for a third day yesterday, extending
      – Bloomberg  -  377 words
    • Article
      Lock icon H2 coconut oil demand to surpass exports
      359 16 Bloomberg [MANILA] Global demand for coconut oil will exceed exports in the second half, boosting prices as restaurant companies including McDonald's shift to trans-fat-free oils, according to a forecast from the biggest producers' group. Demand from buyers including the US may reach 1.58
      – Bloomberg  -  359 words
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      2674 16 GPINDUSTRIES GP Industries Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2128 C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited ("the Company") will be held at Capricorn, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square,
      2,674 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Jakarta's consumer confidence falls to 32-mth low
      240 17 Bloomberg [JAKARTA] Indonesia's consumer confidence index fell to a 32-month low in June on concern that higher food and fuel prices will erode incomes, a central bank survey showed. The measure declined to 79.1 last month from 82.4 in May, according to a
      – Bloomberg  -  240 words
    • Article
      Lock icon Harley-Davidson to buy MV Augusta for US$109m
      438 17  -  S JAYASANKARAN Proton likely to get flak as it had sold the company for one euro in 2006 AMERICAN motorcycle giant Harley-Davidson has, according to the Associated Press, agreed to buy MV Augusta for US$lO9 million, in sharp contrast to the one euro
      438 words
    • Article
      Lock icon Anwar faces arrest after defying order: police
      448 17 -AFP Opposition leader says order was not served properly [KUALA LUMPUR] Malaysia's opposition leader Anwar Ibrahim could face arrest, police said yesterday, after refusing to be questioned over allegations of sodomy, the same charge that saw him jailed a decade ago. Mr Anwar's
      -AFP  -  448 words
    • Article
      Lock icon BURSA MALAYSIA
      2218 17 VOL C000) lul 14 RM A&M Realty 0.48 AbricBhd 0.15 advance Synergy 0.09 Adventa Bhd 1.00 AeMuIti Hldgs 0.23 Win Holdings 1.74 Ahmad Zaki Resou 0.70 Aic Corp 0.50 Airasia Bhd 0.87 Akn Technology 0.41 alliance Financi 2.60 aluminium Co 0.96 Amalgamated Ind 0.43 Ammb Hldgs Bhd 3.24
      2,218 words
    • Article
      Lock icon Adam's US$1.3b IPO oversubscribed 5 times
      247 17 Reuters [JAKARTA] A US$l.3 billion initial public offering by Indonesian coal company PT Adaro Energy Tbk was five times oversubscribed at the end of its offer period last week. Several big foreign investors active in Asia have grumbled that they were shut out of
      Reuters  -  247 words
    • Article, Illustration
      Lock icon KL to make inflation gauge 'more reflective' of reality
      473 17 17 CPl's review comes amid criticisms the index is suppressed [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi said yesterday the government is reviewing its consumer price index (CPI) amid criticisms that the country's key gauge for inflation is suppressed and
      17  -  473 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Tycoon Ho struggling to adapt to modern Macau
      562 18 -AFP Rocky IPO, losing YIP clients, failing to match rivals' lure point to fading influence [HONG KONG] Casino billionaire Stanley Ho will finally list his company in Hong Kong tomorrow, but the rocky road to the market has highlighted the 86-year-olds waning
      -AFP; Macau DICJ; Adapted graphics from AFP  -  562 words
    • Article
      Lock icon China's forex reserves in June hit US$1.81t
      350 18 Bloomberg [BEIJING] China's for-eign-exchange reserves climbed by more than a third to a record US$l.Bl trillion at the end of June, evidence that investors may be betting on further gains by the yuan. Currency holdings rose 35.7 per cent from a year earlier,
      – Bloomberg  -  350 words
    • Article
      Lock icon Data on IPO applications to be disclosed earlier
      194 18 Xinhua [BEIJING] According to the latest rule of China's securities watchdog, the information about initial public offerings (IPO) awaiting a green light would be disclosed earlier, a step toward more transparency in IPO approval. Starting from July 1, the China Securities Regulatory
      – Xinhua  -  194 words
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      90 18 -^^3 w■ "3 w V>'' >'■ ({i *-Sf "-v e ~N Xl■ ai v' s?r GO BEYOND At The Business Times we understand that as an MNC you are constantly looking to venture beyond your current markets for new worlds to conquer. We serve up business news and insightful commentaries
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      30 18 HE8 T Find of the day: 5 out of 10 illiterate 1958 NlK^ f Dive into the amazing, strange and marvellous history of Singapore. One day at a time. rednano.sg
      30 words
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  • INDIA
    • Article
      Lock icon India's IT firms face slower profit growth
      523 19 Bloomberg Credit crisis, high oil prices will haunt such firms for some time, analysts say [MUMBAI] Tata Consultancy Services, India's biggest computer-services provider, will probably report first-quarter profit growth slowed as a global credit crunch and high energy prices drove overseas customers to
      – Bloomberg  -  523 words
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      Lock icon US accuses Ranbaxy of falsifying data
      407 19 Bloomberg [MARYLAND] The United States is probing whether India's Ranbaxy Laboratories destroyed reports it was required to keep, falsified data and failed to meet quality control specifications in manufacturing its generic drugs. The federal government is seeking a court order to force the company
      – Bloomberg  -  407 words
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      2359 19 C{ CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED m TCPiiiiviiTHn'r^M^iTcn »T (Incorporated as a business company limited by shares in the British Virgin Islands) I tUMNULUbT LIMII tU III (Company Registration Number: *****73) NEWTOWN W^ Notice of Annual General Meeting NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the
      2,359 words
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  • WORLD
    • Article, Illustration
      Lock icon InBev buys Anheuser-Busch for US$52b
      561 20 Reuters Bid by Belgium firm creates world's biggest brewer, end month-long standoff [BRUSSELS/NEW YORK] US brewer AnheuserBusch Cos accepted a sweetened US$52 billion takeover bid from Belgiumbased Inßev to create the world's largest beer maker and end a month-long standoff. Inßev, which makes Stella Artois
      – Reuters  -  561 words
    • Article
      Lock icon Spain's Santander buying UK bank in £1.3b deal
      499 20 -Reuters [LONDON] Spain's Santander is buying British bank Alliance Leicester (A&L) for £1.3 billion (553.5 billion) in an agreed deal that will bulk up its existing UK bank Abbey. Santander, Europe's sec-ond-biggest bank after HSBC, has long been considered a potential buyer
      -Reuters  -  499 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8389 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.064/ AIGIF S'pore Bond Fund/ A 1.326/ 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 0.9523/ APS Komaba
      8,389 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Freddie Mac's US$3b notes snapped up
      741 21 Reuters, Bloomberg Shares of Freddie and Fannie up in volatile market after govt rescue acts [NEW YORK] Freddie Mac passed its first test of investor confidence yesterday as investors flocked to its US$3 billion bill sale just hours after the US government pledged to
      – Reuters, Bloomberg  -  741 words
    • Article, Illustration
      Lock icon Mortgage backers
      184 21 Fannie Mae, Freddie Mac, Reuters, AP US MORTGAGE CRISIS Congress created Fannie Mac in 1938 and Freddie Mac in 1970 to keep money flowing into the home-loan market by buying up mortgages and selling them to investors, making home ownership more affordable The US Treasury Department and the
      : Fannie Mae, Freddie Mac, Reuters, AP  -  184 words
    • Article, Illustration
      Lock icon SEC steps up moves to curb rumours
      438 21 Reuters Regulators to check controls are in place to stop manipulation [WASHINGTON] US securities regulators are boosting efforts to stop the spread of false rumours that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mac, Freddie
      – Reuters; AFP  -  438 words
    • Article
      Lock icon Lehman should be able to survive confidence crisis: analyst
      341 21 Reuters [NEW YORK] Lehman Brothers Holdings should be able to survive any crisis of confidence, given the strengthening of its funding base and its support from the US Federal Reserve, Sanford C Bernstein Co analyst Brad Hintz said yesterday. In a
      – Reuters  -  341 words
    • Article
      Lock icon Safeguards with new loan rules: IndyMac CEO
      357 21 -AP [NEW YORK] The new chief executive of IndyMac Bancorp, brought in by the government to manage the failed bank, said new lending standards should prevent the kind of problems that have brought down credit markets. John Bovenzi, the chief operating officer of
      -AP  -  357 words
    • Article
      Lock icon Singapore praised in WTO trade review
      617 21  -  RAVI KANTH Country aims for good outcome at next week's ministerial meeting SINGAPORE said yesterday that it will press for an "ambitious" and "balanced" outcome from next week's ministerial meeting at the World Trade Organization that aims to finalise the Doha Development Agenda approaches
      617 words
    • Article
      Lock icon iPhone sales may have hit 425,000 in first 3 days
      461 21 Bloomberg [SAN FRANCISO] Apple may have sold as many as 425,000 of its new iPhones in the first three days after the handset made its debut, in line with projections even after a technical breakdown. Apple and partner AT&T sold
      – Bloomberg  -  461 words
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  • AVIATION
    • Article, Illustration
      Lock icon Etihad kicks off airshow with bumper plane deal
      691 22 Reuters It places order for up to 100 planes to be split between Boeing and Airbus [FARNBOROUGH, England] A major order for up to 100 planes from Abu Dhabi's Etihad Airways to be split between Airbus and Boeing looked set to dominate
      Reuters; AFP  -  691 words
    • Article
      Lock icon Cathay Pacific's passenger traffic up in June
      309 22 Xinhua [HONG KONG] Hong Kong-based aviation giant Cathay Pacific Airways continued to record growth in passengers and cargo tonnage capacity in June despite rocketing oil prices, the company's latest figures revealed here yesterday. Cathay Pacific and Dragonair, the two airlines under the same
      – Xinhua  -  309 words
    • Article
      Lock icon Airbus order book threatened by rising fuel prices
      466 22 Bloomberg [TOULOUSE] Airbus parent European Aeronautic, Defence Space Co said almost one-third of its order book may be at risk of deferral or cancellation as spiralling oil prices wipe out airline earnings. Airbus's revenue is also being hurt by the weakness of
      Bloomberg  -  466 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2504 22 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,504 words
  • Page 22 Advertisements
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      138 22 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Kuala Lumpur $465 $70 $62 Japan Airlines Japan Airlines DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $557 (Swiss International) $160 (Swiss International) $36 4?^J Rain Brisbane $4,908 (Qantas Airways) $784 (Etihad Airways) $145
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      343 22 CRYPTIC CROSSWORD ACROSS 7 Illness caused by gap in cred- I 1 jflj B I B r' it source of anxiety (7) B|3—^ 8 Muscle spasm dropping the BJ odds of next game (7) EHJ EHJ BJ flj |BJ HJ BJ 10 Observer unmasking sus- ——BB BB BB BB BJ
      343 words
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  • SHIPPING
    • Article
      Lock icon Eight Asian shippers to levy new bunker surcharge
      530 23  -  VINCENT WEE 400 yuan per TEU to be collected from consignees in HK and South China IN what is proving to be a test case for not only container market conditions but also the pricing power of the lines in Asia, the
      530 words
    • Article
      Lock icon TNT stock rises on talks of FedEx takeover bid
      402 23 Bloomberg [FRANKFURT] TNT NY, Europe's second-biggest express-delivery company, rose by a record 29 per cent in Amsterdam trading after the Financial Times reported that US competitor FedEx Corp may make a takeover bid. TNT advanced as much as 5.39 euros to
      – Bloomberg  -  402 words
    • Article, Illustration
      Lock icon Jump in fuel costs may slow tanker growth
      390 23 Bloomberg [LONDON] Frontline Ltd, the world's largest owner of supertankers, said a jump in fuel costs may spur owners to sail vessels more slowly to conserve energy, shrinking fleet supply and bolstering ship-rental rates. The shipper and "several major owners" sailed 20
      Bloomberg; BLOOMBERG FILE PHOTO  -  390 words
  • Page 23 Advertisements
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      263 23 INFORMATION A Hewitt Associates, a global human resources services company, SHARING SESSION I requests companies interested in participating in the Hewitt Date: mMi 1 H X k k y 25 thJuly, Friday ™|ap" yers Besf Employers in Singapore 2009 research to register now. Time: 2.00 5.00 pm j^- s stuc
      263 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Little achieved at G-8 summit
      512 24 CONSIDERABLE confusion resulted from last week's G-8 summit in Japan, as to just who said and did what on the issue of measures to counter global warming. Much of this was due to the absurdly obfuscatory language used in summit communiques, often it seems with
      512 words
    • Article, Illustration
      Lock icon Don't worry too much about Fannie & Freddie
      861 24 Don't worry too much about Fannie Freddie They can't be allowed to fail as they're central to the US housing market and economy AND now we've reached the next stage of our seemingly never-ending financial crisis. This time Fannie Mac and Freddie Mac are in the headlines, with dire warnings
      AFP  -  861 words
    • Article, Illustration
      Lock icon India-Pakistan proxy war in Afghanistan seen escalating
      731 24 THE BOTTOM LINE AFGHANISTAN is once again on the boil. On Sunday, insurgents killed nine US soldiers. Last week, a bomb attack on the Indian embassy killed over 40 people. These are only the latest in an escalating series of violent events that
      731 words
    • Article, Illustration
      Lock icon US economy to see a painful correction
      983 25  -  LEON HADAR America is now witness to a major shake-up that will affect more than just the 'mental' faculties of its businesses FOR a while it seemed as though there were some signs of light at the end of the long economic tunnel.
      983 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Singapore's political system will evolve in response to changing needs
        429 25  -  Yeong Yoon Ying AT the end of a long dialogue session with the Economic Society of Singapore on July 11, MM Lee Kuan Yew was somewhat tired and did not speak clearly enough. Human rights groups, NGOs and the Western
        429 words
      • Letter
        Lock icon Integrated services have advantages
        420 25  -  Muthukrishnan Ramaswami WE refer to the commentary, "SGX should hive off clearing function"(BT, July 4), by Prof Ivan Png of the National University of Singapore and Ms Joy Cheng of Economic Analysis Associates LLP We agree that, as capital markets become increasingly globalised, more providers will
        420 words
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  • Page 25 Advertisements
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      2341 25 GP GP Batteries International Limited -F (Company Registration No. *****2111N) (Incorporated in the Republic of Singapore) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited ("the Company") will be held at Marina Mandarin Singapore, Pisces Aquarius Rooms, Level 1, 6
      2,341 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      5846 26 Transaction date: Jul 14 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 5716 1st Software 21J 6J S SB" i'? S ffi FS P E Mi ,5J 518? 141 54.5 5550
      5,846 words
    • Article
      Lock icon SGX XTRANET
      56 26 iii! Low Code Comi Sale COOO) iii! Low Bui Seller C'vr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 US200d US6200 US1000 US***** 250 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF US***** 298
      56 words
    • Article
      Lock icon SGX CATALIST
      1899 26 JiL Low Code Comi Sale COOO] JiL Low Bu1 Seller C'vr P/E Smil 20 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s Afor 70.5 9.5 1524 s Alantac 21.5 8.5 7814
      1,899 words
    • Article
      Lock icon CLOB INTERNATIONAL
      214 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      214 words
  • Page 26 Advertisements
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      44 26 ROYAL OAK COLLECTION f^^^^^^^; WHERE EXTREMES MEET Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED ■^???^^fer^!^^£lZ^: -"-^r J^J -iif^^l 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -^iw-^^fer-'-^^&T^jS *"l^ j'Ct^," mm^J t i$S Internet: Http://www.audemarspiguet.com ft^-T^fe^ T*^^^—^^^^'""*^ >-" > :^C-'~i*S?^B
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      375 27 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 11 World Index Preliminan 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 Euro[ Prel liminan 1175.5 -2.6 -23.8 -2.2 -23.8 -2.0 -19.2 Pacific
      375 words
    • Article
      Lock icon PALM OIL
      58 27 Jul 14 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position lul 08 Hug 08 3515 >ep 08 3542 3d 08 3554 rota I o/p: ***** contracts 3495 3520 3546 3510 3524 3560 3515 3532 3570 3526 Turnover: ***** Market tone: Lower 644
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    • Article
      Lock icon STOCK INDEX FUTURES
      23 27 Jul 14 ten STI ;iMSCI Jul 360.5 360.5 354.6 'aiwan Jul 271.8 275 271.5 Source: MF Global (S) He. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      20 27 Jul 14 Bid Offer -month 1.3526 1.3543 1.3509 1.3526 {-months 1.3492 1.3510 >-months 1.3441 1.3461 Source: OCBC
      20 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 27 Jul 14 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3110 1.3131 0.9675 0.9680 Canadian dollar 1.3380 1.3402 0.9875 0.9879 Euro 2.1515 2.1543 1.5878 1.5881 NZ dollar 1.0302 1.0319 0.7603 0.7607 jterlini 2.6918 2.6954 1.9866 1.9870 US
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      355 27 Jul 14 EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.085 96.890 96.840 96.840 0 0 0 0 ***** ***** 7580 3270 EUROYEN FUTURES SepO8 99.145 99.145 DecO8 99.125 99.125 MarO9 99.080 99.080 JunO9 98.985 99.010 SepO9 98.940 98.940 DecO9 98.865B Mar10 Jun10 99.140A 99.125 99.065A 98.985 98.940 99.145
      355 words
    • Article
      Lock icon SICOM FUTURES
      274 27 Jul 14 tUBBER Futures (Closing prices) !SS 1 (S cents/kg) lonth High Low Close Sett Volume (tonnes) Open Interest <\ug 08 iepO8 3d 08 Mov08 Dec 08 Ian/Mar 09 439.75 436.25 433.75 434.50 434.25 435.25 RSS 3 (US cents/kg) Month Hig g|i Low Sett Volume (tonnes) Open Interest
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      113 27 As at 9am Jul 14 )i foreign currency: lurrencies Bid Offer !ust dollar 1.3050 1.3210 .an dollar 1.3350 1.3520 luro 2.1450 2.1690 IZ dollar 1.0220 1.0440 iterlini 2.6770 2.7090 IS dollar 1.3490 1.3660 .ocal dollars to 100 units >f foreign currency: Currencies Bid Offer :hi renminbi
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    • Article
      Lock icon INTERBANK RATES
      177 27 Jul 14 |S_ Offer Overnight 5/16 1-month 7/8 2-months 1 1/16 3-months 1 5/32 Overnight mode: 7/16 US$ Offer 3/16 3/4 15/16 1 1/32 BJd 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 3.40 3.50 Offer
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Jul 14 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.980 6.618 0.609 7.551 41.458 88.501 1.032 9.726 3.127 1.273 67.307 43.796 1.312 7.378 0.989 29.421 32.550 0.487 0.968 Canada 1.021 6.755 0.622 7.707 42.313
      464 words
    • Article
      Lock icon PRECIOUS METALS
      132 27 Jul 14 /oz) Hong Kong 956.50 944.20 957.50 945.20 Jul 11 JuliO 963.30 940.95 «i Sellini Bu' rim .ondon 1 oz 1460.55 1317 UBS GOLD LUNAR KINEBAR (SS) Selling Buying Source: Reuters 10gm SILVER $512.53 420 Selling Buying CAST BAR e» Jul 14 Buying Passbook Acct 1 oz
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    • Article
      Lock icon SIBOR
      75 27 Jul 14 (US$) (SS) 2.***** 0.***** 6mths 1.***** 9mths 1.***** 12 mths 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$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 3.***** 5yrs
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Jul 14 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****H 16.10.08 1-Year BY*****N 04.05.09 0.39 0.74 0.38 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year
      92 words
    • Article
      Lock icon LONDON METALS
      63 27 Julii iiuiii, yy.i (US$/tonne) Co Close Previous in :ash 3271.20 3242.2I months 3317.00 3290.0I Copper, Grade A (US$/tonne) ;ash months 8450.50 8270.00 8413.01 8230.01 .ead (US$/tonne) :ash 1967.50 months 1965.00 1987.51 1984.01 lickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.50 *****.01 months *****.00 *****.01
      63 words
    • Article
      Lock icon LIFFE
      79 27 Jul 11 (£/tonne) Close Prev Hii ih/Low lul 08 1609 1618 1630/1590 iepO8 1540 1556 1580/1516 Dec 08 1534 1542 1565/1510 War 09 1515 1521 1535/1490 IOFFEE (US$/tonne) Close Pev High/Low lul 08 2406 2380 2433/2394 iepO8 2331 2314 2376/2320 Mov08 2296 2281 2337/2281 Ian 09 2246 2240 2285/2240
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    • Article
      Lock icon CHICAGO BOT
      100 27 Mil (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1630.50 1609.50 1645.00 1605.00 Aug 08 1615.50 1600.50 1632.00 1585.00 Sep 08 1605.50 1593.00 1620.00 1577.00 Nov 08 1596.00 1587.00 1617.00 1561.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low lul 08 64.48 64.45 66.00 64.05 S.ug
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      72 27 CRUDE OIL PRODUCTS Jul 11 origin] (/barrel Close Cham irent blend (1-Mth F) 146.64 7.8 WTI (Near Mth) 144.43 3.28 iubai (1-Mth F) 139.58 7.22 "apis blend 151.85 7.4 i/linas 148.9 7.4 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 133.27 176.65 4.45 7.75 JS$/barrel )pec Oil Basket Price
      72 words
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      Lock icon BONDS & WARRANTS
      1240 27 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left 3816 Asiasons Capital Ltd W*****7.. 8 0.5 161 1 6 17 1.32 14 1014 Capitaland BNP ECW*****8 19 -1.5 100 0.1 493 18 1468 Capitaland BNP ECW*****3 5 -0.5 300 0.3
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      2352 28 Shipping times m m^^)m tf Kllffl ij^^itfi^VJiV, VI j* £f il UL m\\ wan hai international pte ltd M m^ M MYmW W-T* _^^n^guya MMmWAWMlMifflM&lAAM V"xli\ 1AIAM UAI iiiirr tel ***** sss <m lines) fax: *****163 1^1^™ A A^ I I E.'I*C-M I B>lffl5JBlffiBlSB>irSlllTM Wr*MWWKS^^ I \\\N 1 VtfJ*N HAI
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      4029 29 j\lX\\ AUSTRAL ASIA LINE "bsiu:^/™.™^^^™™ KSI I £J (fj£JQ^? jj^-Oi—J ASIA AUSTRALIA SERVICE Accepting Container/LCL/Breakbulk/Project VBV I<^^V ■ESB^^^^^Hl^^^^EE^^^BJ^^^d^^^Kli^^^El^^^E!^^ IL___L___l WEEKLY EXPRESS SAILING SCHEDULE cape MORiTON 08A8 a* 30/07 oa/08 ivoj woj 23/oj 27/oj I kin!nTnnni7!B3ninTniivnni7inn7innTniiininniiTTi!nii I CAPE PRESTON 09A8 01/08 10/08 21/08 24/08 28/08 01/09 I j^j^g^^gj^^^^^^j^^j^^j^^^^^y^g ■iUßi||i|Oy!lUU!lliMillK9yiUMilyUtllMi3UUlSiyiiUl!Milllll WESTERN AUSTRALIA
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      4255 30 1 I I NOTICE OF APPOINTMENT >S&. PACIFIC ANDES (HOLDINGS) LIMITED p™™l fW\ CHINA MILK PRODUCTS GROUP LIMITED (Incorporated In Bermuda with limited liability) (Sp^d m T°he Republic of' I M Incorporated in the Cayman Islands i^^T^CT»^W?^W!^^TTT^»ft^^^^^^»jj^W^^TCtS Take notice that iTes™ sick o f 27 Foch UHINA MILK (Company Registration
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  • PROPERTY
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      Lock icon Australia dodges worst of global mortgage crisis
      832 31 Reuters There's no hangover of unsold homes here unlike US's record glut [SYDNEY] Australia, like many rich nations, is in the throes of a painful housing slump but there are peculiarities here that mean the impact on the domestic economy will be a
      Reuters; BLOOMBERG  -  832 words
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      Lock icon Condo sales at showflats tapering off
      857 32  -  KALPANA RASHIWALA One developer blames Livia's pricing for 'spoiling' other projects' sales WHILE City Developments managed to sell 96 units last week at its Livia condo at Pasir Ris, developers of most other projects suffered rapidly declining sales at their showflats. At least one
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      Lock icon Discounted mortgage notes could help stop US foreclosures
      773 32 Bloomberg [CHICAGO] Where politicians and bankers see vexing liabilities in defaulted mortgages and foreclosures, Robert Lee sees opportunities as he picks up the pieces of the housing bust. His company, Foreclosure Trackers Inc, which he co-founded with president David Phelps, is based
      – Bloomberg  -  773 words
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      358 31 Use less space with a highly efficient floor plate Plot 4A International Business Park, Singapore 1IJ»I;U=M51 Expected TOP in Q4 2009 Excellent corporate profile I Private lobby for full floor tenants I Conducive workplace environment I Lush designer landscape grounds Latest business park office specifications High 3m to 4.5 m
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      425 31 Suntec City Approx. 4,7005f/5,2005f/IO.OOOsf/12,0005f Vacant possession/lease expiring soon Mid/High floors with spectacular city/sea view The Central Connected/New Age office Approx. 9265f/2,5005f/3,5005f High floor, units 89/90/91 Located above Clarke Quay MRT station Malacca Centre Approx. 1,8305f High floor Near Raffles Place MRT station Prime office at CBD Approx. 7,0005f Tenure Freehold
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      139 32 m i i^ißiiuaaßiaiuaiJ n zap here I Prime Strategic Commercial Redevelopment Site I J Ks&3*Mm mm MmmmmMMM m GmmmmG ft iil 'Bi"- b ..■■HP UC/fClff OCTffCfCr hßiiiiJH '.SjT^l To Zap*: CollGCtiVG SsIG P L& 1. Install the Color Cam™ software in i "+l— -^*^S^' Mb/I^. J lUIUcI 111 yUUI lldllUbciy
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