The Business Times, 16 July 2008

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Microfilm: NL29428
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday, July 16,2008
    24 words
  • Article, Illustration
    Lock icon Private home market stirs to life again
    711 1  -  KALPANA RASHIWALA Developers' Q2 sales double to 1,542 from Q1 but still a far cry from 2007 By [SINGAPORE] Developers sold 1,542 private homes in the second quarter, double the 762 units in the preceding quarter. This takes the total sold in the
    URA  -  711 words
  • Article, Illustration
    Lock icon Exposure to Fannie and Freddie drags Asia down
    1044 1  -  CONRAD TAN Reuters, Bloomberg Banks, insurance companies that invested in US mortgage giants count the costs Bernanke: US risks slowdown, higher inflation By [SINGAPORE] Stocks in Asia plunged yesterday as investors reacted to news that the largest banks in the region had
    – Reuters, Bloomberg  -  1,044 words
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      3 1 8 *****1 *****4
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      48 1 Upcoming Singapore A S^\ <t Original Sentosa-A development of utmost grandeur I Ardmore Park- A highly coveted address with boasting an unparalleled seaview on the prestige, along a prime location in the heart of most sought-after site on Sentosa grounds. Singapore. The best, is always worth waiting for.
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      65 1 MOTORING r^) EXEC MONEY STOCK BE INSPIRED —I CNG car sales (fa A TWo strategists'views MARKETS Zap for daily inspiration. race ahead Jm on investments Oil holds the key Win a Zegna Sports HB page 30 \m mm m BACKPAGE page 31 Gym Kit! page 6 I B M I
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Bernanke offers gloomy outlook on US economy
        66 2 FEDERAL Reserve chairman Ben Bernanke yesterday offered a gloomy assessment of any immediate prospect for improvement in American economic difficulties, including energy prices and instability in financial markets. In prepared testimony at the Senate Banking Committee, Mr Bernanke warned that the US economy
        66 words
      • Article
        Lock icon Alpha raises $1.6b for its latest fund
        51 2 DESPITE the very difficult market conditions, Keppel Land's real estate investment manager Alpha Investment Partners has managed to raise $1.6 billion for its latest fund which aims to ride macro trends in Asia that's $300 million ahead of its target. COMPANY NEWS, PAGE
        51 words
      • Article
        Lock icon Investors play a game of caution as Q2 sentiment slips
        65 2 SINGAPORE investors seem to be cautiously optimistic that markets will rebound in the current third quarter. But investor sentiment in some South-east Asian markets slid 13 per cent in the second quarter this year, hurt by the global economic slowdown
        65 words
      • Article
        Lock icon Frasers Centrepoint in $30m India deal
        59 2 BUILDING a presence in India's residential property market, Frasers Centrepoint will acquire a 74 per cent interest in Indian property firm KS Realty Constructions for $30.02 million. KS Realty owns a 20.7-acre plot of land along Old Mahabalipuram Road, which is known as the
        59 words
      • Article
        Lock icon Mizuho unit awarded full banking licence
        46 2 MIZUHO Corporate Bank, part of Japan's big Mizuho Financial Group, is set to be more active in Singapore, after announcing yesterday that it has been awarded a full bank licence by the Monetary Authority of Singapore. SINGAPORE NEWS, PAGE 11
        46 words
      • Article
        Lock icon BOJ cuts growth forecast, sees inflation accelerating
        86 2 THE Bank of Japan yesterday cut its forecast for growth in the nation's economy in the current fiscal year from 1.5 per cent to 1.2 per cent while predicting that consumer price inflation would accelerate from a previously forecast 1.1 per cent to
        86 words
      • Article
        Lock icon Petronas to dish out RM30b dividends
        61 2 MALAYSIA'S Petronas has declared dividends of RM3O billion (5512.5 billion), including RM6 billion in the form of a special dividend, following another record year of earnings for the group. The national oil corporation posted a 31.5 per cent increase in net profit to RM6I
        61 words
      • Article
        Lock icon Fitch cuts India's credit outlook to negative
        61 2 INDIA'S credit outlook was cut to "negative" by Fitch Ratings on concern rising subsidies, interest payments and wages will weaken government finances. Bonds, the rupee and stocks fell after Fitch reduced its outlook from "stable" on India's local-currency debt rating of 888-, the
        61 words
      • Article
        Lock icon CNG car sales race ahead as petrol prices soar
        64 2 SALES of CNG cars are continuing to power ahead this year, with the number of such vehicles in the first six months soaring to 804 from a mere 34 for the whole of last year. According to the Land Transport Authority,
        64 words
    • Article
      Lock icon Govt takes on Cupid's role, woos stork with fresh perks
      630 2  -  SIOW LI SEN Housing for couples and financial incentives may do the trick [SINGAPORE] The government seems set on playing Cupid and to make sure that it not only brings couples together but also helps them have more babies. There
      630 words
    • Article
      Lock icon New airing for old parenthood woes
      332 2  -  l EMILYN YAP [SINGAPORE] A detailed public consultation exercise to understand the challenges of marriage and parenthood in Singapore has yielded some straightforward but not easy to solve findings. Many singles say they don't get married either because they haven't found a suitable partner
      332 words
    • Article
      Lock icon June retail sales growth weaker than expected at 0.1%
      401 4 Reuters LATEST US DATA [NEW YORK] Dismal data on inflation and retail sales released yesterday flashed fresh signs of stagflation in the US economy. Total sales at US retailers rose a less-than-expect-ed 0.1 per cent in June, as auto sales posted
      Reuters  -  401 words
    • Article, Illustration
      Lock icon Fed chief sees gloomy prospects for US economy
      668 4 NYT, AP, AFP His assessment appears to show Fed won't be lowering interest rates further [WASHINGTON] Federal Reserve chairman Ben Bernanke offered a gloomy assessment yesterday of any immediate prospect for improvement in American economic difficulties, including energy prices and instability in
      – NYT, AP, AFP; AFP  -  668 words
    • Article
      Lock icon Fannie, Freddie fears hit local bank stocks
      614 4  -  CHOW PENN NEE All 3 banks say their investments in US mortgage giants are not substantial [SINGAPORE] Bank stocks in Singapore were pummelled yesterday, mirroring other Asian markets, on news that many financial institutions have exposure to Freddie Mac and Fannie Mac the
      614 words
    • Article
      Lock icon MARKETS
      42 4 1COMP 1,127.60 -16.40 IIKKEI225 12,754.56 -255.60 1ANG SENG 21,174.77 -839.69 ;et index 693.41 -23.65 JAKARTA COM P 2,214.85 -44.69 IANILACOMP 2,413.26 -44.01 ;eoulcomp 1,509.33 -49.29 ;henzhen b 463.49 -10.22 IUMBAI IND 12,676.19 -654.32 12N00NEDT Change )OW 11,013.10 -42.09 IASDAQ 2,213.02 +0.15
      42 words
    • Article
      Lock icon PRIME RATES
      29 4 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.512 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 FOREX
      37 4 IS$ (S$ per US$) 1.347 (US$/S$ per 2.007 2.703 :URO (US$/S$/E) 1.599 2.153 'EN 105.30 78.2 3.219 2.39I IK$ 7.802 5.793 !AHT 33.50 24.8I lUPIAH 9,141 6,78! lENMINBI 6.824 5.067 INDIAN RUPEE 43.18 32.0I 1.020 0.75
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      439 2 Goods and Services Tax (GST) Seminar GST Financial Services Sector Practical Issues and Updates Date This one-day seminar covers practical issues relating to the financial services sector, Thursday, 21 August 2008 including banks, stock broking firms, fund managers and trusts. Time c semmar focuses on these areas: 900 t 5
      439 words
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      140 2 Surf Turf i July 31 August 2008 Luxuriate in the elegant ambience of Gordon Grill while indulging in our finest gastronomic creations. Savour the exquisite tastes of our latest Surf Turf menu featuring sumptuous fresh seafood such as Maine Lobster and King Crab melded beautifully with exclusive delights such as
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      114 3 ju-rr- ■'"m <n mt .-A "^■■■IjS"'"' m22*^" ■■gl v^°'s the bS ss?* TNTs Asia Road n^ ft )inte over 1^ 7 47-40l»M 1- V^ft mm. -ammmW M m^L^mW /.'//lit Wmmf w i V t0^ amtLa^kUlf^ ~'mfk JL 1 <^^ T **> immwwwwMMWBB i^^^^ 1 A 2S ~~v-- //'iJiimmmTMi jmm\ I
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      103 4 Introducing the brand new a la carte selection of Van Ting. WI h Hv^flKtr^ k. an n^serves authentic Cantonese cuisine and dim sum in a contemporary setting t surrounded by modern Chinese art forms. I With its new and delectable a la carte menu, Van Ting offers a truly extraordinary
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      152 5 KF^I fai^te^ B^^P V/^B t H' 3 Jam f i ii2aU n Worldwide, $12 r 435 f 616 f 438 of new wealth is generated daily. Along with an equal number of opportunities. Perhaps it's time you had a Gold Conversation. As a Citigold client, you'll have access to a
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  • COMPANY NEWS
    • Article
      Lock icon Alpha raises $1.6b for its latest fund
      560 6  -  /TEHHOOI LING For KepLand's real estate investment manager, it's big rise from earlier funds DESPITE the very difficult market conditions, Keppel Land's real estate investment manager Alpha Investment Partners (AIP) has managed to raise $1.6 billion for its latest fund which aims to
      560 words
    • Article
      Lock icon Investors play a game of caution as Q2 sentiment slips 13%: ING
      454 6  -  NISHA RAMCHANDANI By SINGAPORE investors seem to be cautiously optimistic that markets will rebound in the current third quarter. But investor sentiment in some South-east Asian markets slid 13 per cent in the second quarter this year, hurt
      454 words
    • Article
      Lock icon Property counters lose ground over rising costs, pricing power concerns
      313 6 Bloomberg CITY Developments Ltd fell the most in more than four months, leading declines by Singapore developers after Credit Suisse Group AG said that rising construction costs and an inability to raise prices will erode profits. City Developments, Singapore's second-largest
      Bloomberg  -  313 words
    • Article
      Lock icon Frasers Centrepoint in $30m India deal
      355 7  -  EMILYN YAP It's acquiring 74% stake in KS Realty which owns 20.7 acre plot in Chennai BUILDING a presence in India's residential property market, Frasers Centrepoint will acquire a 74 per cent interest in Indian property firm KS Realty Constructions for $30.02 million. Frasers
      355 words
    • Article
      Lock icon Jardine C&C takes 12% stake in Vietnam auto firm for US$41m
      320 7 JARDINE Cycle Carriage (JCC) is making a new investment to tap the growing auto market in Vietnam. JCC said yesterday it has subscribed for shares representing a 12 per cent interest in Truong Hai Auto Corporation (THACO), a leading
      320 words
    • Article
      Lock icon Cosco to build 2 rigs for Sevan
      352 7  -  VINCENT WEE COSCO Corp (Singapore) yesterday announced its Cosco Shipyard Group unit had signed two letters of intent (LOI) with units of Sevan Marine to exercise options to build two more Sevan 650 drilling units. Sevan had previously announced securing options to build
      352 words
    • Article, Illustration
      Lock icon Qian Hu plans further expansion
      450 7 Reuters SINGAPORE'S ornamental fish exporter Qian Hu plans to further expand into foreign markets and expects to generate more than half of its sales in Asia by 2013, its head said yesterday. The company exports its aquarium and pet accessories to 20 to 30 countries
      ■ Reuters  -  450 words
    • Article
      Lock icon Poll reveals fault with rating firms
      388 9  -  CHEW XIANG Agencies swayed by client pressure, say 11% of financial professionals polled ELEVEN per cent of financial investment professionals polled have witnessed a credit rating agency change its product ratings after pressure from clients, the CFA Institute has found in a survey of
      388 words
    • Article, Illustration
      Lock icon StarHub expands HD TV line-up
      417 9  -  WINSTON CHAI CONSUMERS who have been grappling with a lack of high-definition (HD) programmes to accompany their flat screen televisions are set to get more choices over the coming months as Star Hub plans to add new HD channels to its cable TV line-up. From
      FILE PHOTO  -  417 words
    • COMPANY BRIEFS
      • Article
        Lock icon SIA June passenger, cargo load down
        111 9 Reuters SINGAPORE Airlines (SIA), the world's second-biggest airline by market value, filled 68.5 per cent of the space available on its planes for passengers and cargo in June, down from 70.2 per cent a year earlier, it said yesterday. That compares with 66.2 per
        – Reuters  -  111 words
      • Article
        Lock icon Metax sees loss for year ended June '08
        45 9 METAX Engineering said it expects a net loss for the year ended June 30, 2008, due to the increase in the cost of materials, energy and labour as well as losses from the depreciation of foreign currency.
        45 words
      • Article
        Lock icon C20 associate wins vessel charter contract
        84 9 C2O Holdings said its associate firm Hadi International Marine Services has clinched a contract for the charter of a 59-metre supply/maintenance vessel to Hadi Hamad Al-Hammam Establishment in Saudi Arabia. The charter period is three years and will start in the fourth quarter of
        84 words
      • Article
        Lock icon FM Hldgs raising $5.1m by issuing new shares
        54 9 FM Holdings is raising $5.1 million by issuing 17 million new shares to five parties at 30 cents each. The proceeds will be used in the following areas: expanding its business, serving as working capital, and meeting expenses relating to the acquisition
        54 words
    • Article, Illustration
      Lock icon Keppel launches Mid-East intern exchange scheme
      283 9  -  DIONDI TAN KEPPEL Corporation yesterday officially announced a scheme to give young Middle Eastern students a chance to come to Singapore as interns with its businesses. The Keppel-Young Arab Leaders (YAL) Arab Asian Internship Exchange programme is aimed at outstanding university students from the
      283 words
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      286 6 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! 8 f *^A To Zap: 1) Download
      286 words
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      Lock icon Page 6 Advertisements Column 2
      40 6 This announcement appears as a matter of record only. rjC\ HOUSING 4 > DEVELOPMENT IUJRQARD S$300,000,000 3.455% Notes due 2013 S$300,000,000 3.950% Notes due 2018 issued under HDB's S$7,000,000,000 Medium Term Note Programme Lead Manager Oversea-Chinese Banking Corporation Limited ©OCBC Bank
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US dollar slammed, fights record lows
      939 8  -  LARRY WEE CURRENCIES US stocks and yields slide as oil prices and credit risks explode A LITTLE more than a month ago, the US dollar was challenging highs not traded in three months or more, and some people were trying to convince us that
      939 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 2 114 0 0 0 2 114 Manufacturing 21 105 54 12 12 28 117 66 Commerce 12 41 11 14 50 13 Tpt/Stor/Comms 23 25 10 Finance 24 25 Construction 10 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 22.616 22.616 94.726 94.726 Manufacture 275.871 12.295 288.166 409.309 1.150 410.459 Commerce 41.932 12.775 54.707 76.756 3.746 80.502 Tpt/Stor/Comms 85.822 409 86.231 216.228 105 216.333 Finance 34.528 34.530 329.958 329.958 Construction 41.704 24.253 65.957 5.619
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 8 CapitaLand 5.600 -0.210 Olam 2.160 -0.160 CapitaMall 3.090 S IA 14.380 -0.400 CityDev 10.360 -0.580 SGX 6.610 -0.320 Cosco Corp 3.100 -0.050 SIA Engg 3.620 -0.080 DBS Grp 18.380 -0.420 SPH 4.080 -0.080 F&N 4.380 -0.060 ST Engg 2.490 -0.150 Gentlntl 0.555 -0.010 SembCorp Ind 4.220
      105 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      712 8  -  LYNETTE KHOO Bloomberg VALUATION remains compelling: Management remains positive on shiprepair activities in the region, and revealed that enquiries for newbuild offshore vessels remain high among clients. Point: We believe ASL's success in moving up the value chain to build other types of higher-val-ue-added vessels such as dredgers
      Bloomberg  -  712 words
    • Article, Illustration
      Lock icon ST Index tumbles by another 2.5 per cent
      530 8  -  CONRAD TAN STOCKS 3 IUL.K3 nere aivea yesterday, extending their losses into a second session as markets around the world were rocked by the developing crisis at US mortgage giants Fannie Mac and Freddie Mac. The Straits Times Index (STI) ended 73.37
      530 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Jul 15 VALUE CLOSE BT OB/OS -959.00 -48.00 BT CADI -*****.00-252.00 BT 10-day MA -*****.00 -96.00 FTSE ST Mid Cap 693.02 -12.20 FTSE ST Small Cap 569.38 -8.76 FTSE ST All Share 713.37 -16.59 FTSE ST China Top 410.39 -12.29 FTSE ST China 404.72 -11.57 UOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME China Honqxinq 43,712,000 Wilmar 42,857,000 Global Voice 38,142,000 Inno-Pac 33,575,000 Li Henq 27,546,000 ChinaNTown 24,699,000 Adroit 22,520,000 Sing Tel 20,982,000 Golden Agri 20,696,000 Magnus 19,661,000 VALUE(S) Wilmar 203,685,240 DBS Grp 117,869,308 Sing Tel 73,229,220 OCBC Bk 68,762,312 SGX 68,110,280 UOB 62,971,740 Capita Land 52,874,700 S I
      58 words
    • Article
      Lock icon RISES
      106 8 CLOSE UP GLD 10US$ 9672 272.0 2.1 HLFin 355 13.0 3.8 SPC 710 12.0 1.7 Straits Trdi 750 11.0 1.5 STI 3000SGAePW*****0 36 10.0 38.5 STI 3100 DBePW*****1 57 10.0 21.3 STI 3100SGAePW*****9 69.5 8.5 13.9 Raffles Med 131 8.0 6.5 STI 2950 DBePW/*****1 55 8.0 17.0 UOB-Ka' 173
      106 words
    • Article
      Lock icon FALLS
      115 8 !.93%Pref10 CLOSE DOWN 9880-170.0 -1.7 OCBCC China H 10US$ 1496-117.2 -5.! DBS MBLJCW*****0 476 -64.0 -11.9 India Ni 10 1205 -64.0 -5.0 Cifr 1036 -58.0 -5.3 JSH 1570 -48.5 -2.2 DBS Gri 1838 -42.0 -2.2 JMH 2848 -40.4 -1.0 S I A 1438 -40.0 -2.7 UOB 1816 -40.0 -2.2
      115 words
    • Article
      Lock icon CURRENCIES
      83 8 Where S! stands Jul 15 %CHNG CLOSE FRJulH YR2008 S$ LOW S$ HIGH uss 1.3465 0.74 1.4542 1.3457 Euro 2.1518 -0.02 2.2064 2.0474 Pounds 2.7048 -0.53 2.8431 2.6568 AS 1.3213 -0.65 1.3235 1.2349 Yen* 1.2818 -0.77 1.4484 1.2619 Rupiah* 0.***** 0.63 0.***** 0.***** Baht* 4.0242 0.17 4.4299 4.0190® Peso*
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  • SINGAPORE NEWS
    • Article
      Lock icon Choice Tanah Merah site for sale
      459 10  -  ARTHUR SIM Bids expected at around $250 psf ppr, 20% below price paid for neighbouring plot in 2006 A CHOICE Government Land Sale (GLS) site at Tanah Merah Kechil Avenue is on sale by public tender. But bids are expected to be around $250
      459 words
    • Article
      Lock icon A*Star unit to link angels to start-ups
      131 10 NEW businesses can now look to A*Star for potential angel investors under a programme launched yesterday. The new Angel Investment Management (AIM) would help to link Singapore start-ups with angels, who typically invest up to $300,000 in companies at their early stages and
      131 words
    • Article, Illustration
      Lock icon Route, stations for Downtown Line 2 unveiled
      327 10  -  l SAMUEL EE RESIDENTS in north-west-ern Singapore now have an idea of how the Downtown Line 2 (DTL2) will run through their part of the island after its rail alignment and station locations were announced yesterday. The 16.6 km second stage of the
      :LTA |  -  327 words
    • Article
      Lock icon Feasibility study on caverns attracts 3 bidders
      399 10  -  RONNIE LIM THREE contenders have surfaced to bid for a feasibility study on how caverns can be opened up beneath land-scarce Singapore for a wide range of exciting uses from power stations and water reclamation to wafer fabs and R&D labs. Geostock, Tritech
      399 words
    • Article
      Lock icon Mizuho unit awarded full banking licence
      434 11  -  CHOW PENN NEE Besides being a key ship finance player, it will offer other corporate services MIZUHO Corporate Bank, part of Japan's big Mizuho Financial Group, is set to be more active in Singapore, after announcing yesterday that it has been awarded a full
      434 words
    • Article, Illustration
      Lock icon Dazzling future awaits law grads, says Shanmugam
      480 11  -  LYNN KAN THE fresh-faced law graduates of NUS had much to cheer about at their commencement ceremony yesterday when recently minted Law Minister X Shanmugam told them of the exciting future that awaits them in the new legal landscape. He said that they
      480 words
    • Article
      Lock icon SingPower unit inks As3.4b debt deal
      252 11 SINGAPORE Power (SP) said yesterday that its indirectly wholly owned unit, SPI (Australia) Assets Pty Ltd (SPIAA), has successfully signed an A 53.4 billion (554.49 billion) bank debt facility. Despite the volatility in the international financial markets, SPIAA received overwhelming interest from banks in
      252 words
    • Article
      Lock icon Ren Ci's Shi Ming Yi charged under Penal Code, Charities Act
      393 11 THE public face of Ren Ci Hospital, Shi Ming Vi, was charged yesterday with criminal breach of trust, forgery and abetting falsification of accounts under the Penal Code. He also faces six charges under the Charities Act for allegedly
      393 words
    • Article, Illustration
      Lock icon Retail sales index up 4.8% in May
      345 11  -  NISHA RAMCHANDANI But overall sales down 0.7% in volume terms THE retail sales index rose 4.8 per cent year on year in May, the Department of Statistics (DOS) said yesterday. Excluding vehicles, sales rose 7.9 per cent. After adjusting for prices, overall sales
      FILE PHOTO  -  345 words
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      163 11 If? Celebrate the magic of the wonderful winter season with a fascinating trip from historic Prague through the beauty and history of the Danube or visit some of the p*-~ ~---r' .^^St '**}^*~~^T" most beautiful cities as you sail the Rhine River and j Mosel River from Amsterdam to Paris.
      163 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon BOJ cuts growth forecast, sees inflation accelerating
      514 12  -  ANTHONY ROWLEY Central bank holds interest rates steady amid slower growth, surging prices THE Bank of Japan yesterday cut its forecast for growth in the nation's economy in the current fiscal year from 1.5 per cent to 1.2 per cent while predicting that
      514 words
    • Article
      Lock icon S Korea may implement price controls
      258 12 Bloomberg [SEOUL] South Korea's government indicated it may implement price controls to cool decade-high inflation, a day after the central bank warned wage demands could ignite a "vicious cycle" of spiralling prices. Government ministries should "restore" departments that are in charge of controlling prices
      – Bloomberg  -  258 words
    • Article
      Lock icon Pressure mounts on ECB to ease euro woes
      659 12 Reuters Industry seeks relief as currency's sharp rise bites deeper [LONDON] An inflationtargeting European Central Bank (ECB) may never admit to being prey to corporate lobbyists, but pressure on it to look long and hard at the damage of a euro near
      Reuters  -  659 words
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      2959 12 FRIVEN&COLTD ■-m ..,.wr- n n r^l CHUAN SOON HUAT INDUSTRIAL GROUP LTD CO. Reg Na 19^E ((l NEW WAVE HOLDINGS LTD. Mjt (Co m p Q n y R rr onNO 197 9 *****R) (Incorporated in the Republic Of Singapore) \V< (Incorporated in the Republic of Singapore) Company Reg. No.
      2,959 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas to dish out RM30b dividends
      690 13  -  PAULINE NG Group's net profit hits record high, with3l.s percent rise to RM6I billion MALAYSIA'S Petronas has declared dividends of RM3O billion (5512.5 billion), including RM6 billion in the form of a special dividend, following another record year of earnings for the group. The
      690 words
    • Article
      Lock icon Jakarta shifts factory working hours to weekends
      273 13 AFP [JAKARTA] Indonesia has issued a decree ordering factories to shift working hours to weekends in a bid to avoid prolonged rolling blackouts across the country. The decree signed by five ministers will take force for companies in Java and Bali starting July
      AFP  -  273 words
    • Article
      Lock icon Mahathir urges probe into Agusta's sale for RMS
      466 13  -  > S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has called for an investigation into the reasons behind national car maker Proton's 2006 sale of an Italian motorcycle maker for RMS (Ss2), while it was sold two years later
      466 words
    • Article
      Lock icon Anwar faces possible arrest; govt wants DNA
      212 13 Reuters [KUALA LUMPUR] Malaysian police yesterday threatened to arrest opposition figure Anwar Ibrahim if he did not cooperate in sodomy investigations against him. Mr Anwar's lawyer said that police had issued a warrant of arrest against the former deputy premier and would act
      ■ Reuters  -  212 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China's H1 GDP rises 10.4%: sources
      592 14 Growth still in double digits despite credit tightening campaign [BEIJING] China's economy is slowing but growth was still in double digits in the second quarter despite a credit tightening campaign, weakening exports and the devastating Sichuan earthquake. Gross domestic product grew 10.4 per cent
      AP  -  592 words
    • Article
      Lock icon Woo's Red Cliff shows strong results in Asia opening
      349 14 ■AP [HONG KONG] John Woo's historical epic Red Cliff has opened strongly in Asia, earning US$26 million in China, Taiwan, Singapore and South Korea since its debut last Thursday. The Hong Kong native's return to the Chinese-language film also beat Hollywood
      ■AP  -  349 words
    • Article
      Lock icon Citic raises stake in Macarthur Coal to 20.4%
      218 14 Reuters [MELBOURNE] China's Citic Resources Holdings has raised its stake in Australian miner Macarthur Coal Ltd to 20.39 per cent, overtaking global steelmaker ArcelorMittal as the top shareholder. Citic built its holding from Yl .66 per cent after winning approval from the
      – Reuters  -  218 words
    • Article
      Lock icon BURSA MALAYSIA
      2213 14 lul 15 RM COOO) ASM Realty 0.45 \bricBhd 0.15 advance Synergy 0.09 Adventa Bhd 1.00 AeMuIti Hldgs 0.22 Win Holdings 1.74 Ahmad Zaki Resou 0.71 Aic Corp 0.50 \irasia Bhd 0.86 Akn Technology 0.41 alliance Financi 2.56 aluminium Co 0.93 Amalgamated Ind 0.43 tamb HldgsBhd 3.12 Amtel Holdings
      2,213 words
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      122 14 The Straits Times The Business Times Online. The latest news. Any time, anywhere. i^M- ::::^i^J:::^\^si^t "zjia ii in "^3 r'-"L 1 '^-^^^Ja^ciosi^ sharp rebound. ~°nl- p'=ps'■' •■=r;i *.-g^ The Business Times online subscription $81.60 I II I For more details, visit www.asiaone.com/ndp or call 6388 3838 1,,1'H MJ!I::;; I::::::! i
      122 words
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  • INDIA
    • Article
      Lock icon Fitch cuts India's credit outlook to negative
      478 15 Bloomberg It cites budget concerns such as subsidies, interest payments, pay hikes [NEW DELHI] India's credit outlook was cut to "negative" by Fitch Ratings on concern rising subsidies, interest payments and wages will weaken government finances. Bonds, the rupee and stocks fell after
      Bloomberg  -  478 words
    • Article
      Lock icon Ranbaxy shares fall 14% on US probe concerns
      563 15 Reuters [NEW DELHI] Shares in India's Ranbaxy Laboratories tumbled 14 per cent yesterday, sliding for a second day on concerns a US probe could hit the drug maker's sales in one of its main markets. The US authorities have alleged that Ranbaxy,
      – Reuters  -  563 words
    • Article
      Lock icon IAEA board likely to okay nuke deal with India on Aug 1
      273 15 -AP I [VIENNA] Nations setting policy for the International Atomic Energy Agency (lAEA) will meet on Aug 1 to vote on a deal that would allow UN nuclear monitors to inspect some of India's nuclear facilities, the lAEA
      -AP I  -  273 words
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      251 15 EH ■Trade^lrter with a FREE* trading course I Comprehensive trading courses for all clients 1 Open an account or register for a FREE CFD seminar today. dp CMC Markets Your Trading Advantage 1800 559 6000 www.cmcmarkets.com.sg The information on this page does not take into account your objectives, financial situation
      251 words
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  • US MORTGAGE CRISIS
    • Article, Illustration
      Lock icon Regional bank shares dive on lenders' woes
      595 16 Reuters But Asian financials still have strong fundamentals, say analysts [HONG KONG] Shares in Asian banks, led by Japan's MUFG and China's ICBC, tumbled yesterday as investors dumped the stocks on concerns about regional bank exposure to troubled US mortgage lenders. But Asian
      Reuters; AP  -  595 words
    • Article
      Lock icon Taiwan firms have NT$350b in Fannie, Freddie
      254 16 Bloomberg [TAIPEI] Taiwan's largest financial companies said that they hold more than NT$35O billion (5515.5 billion) in securities linked to Fannie Mac and Freddie Mac as the island's banking stocks fell to their lowest level in more than two years. Cathay Financial Holding,
      – Bloomberg  -  254 words
    • Article, Illustration
      Lock icon Bond investors still lured by Freddie, Fannie
      769 17 Bloomberg They're confident govt won't allow mortgage-finance companies' collapse [NEW YORK] Freddie Mac and Fannie Mac are returning to favour among bond investors even as stockholders lose confidence after the US Treasury threw its support behind the biggest US mortgage-finance companies. Vanguard Group
      Bloomberg  -  769 words
    • Article
      Lock icon S Korean banks' exposure totals $550m
      242 17 Bloomberg [SEOUL] South Korean banks and insurance companies hold US$55O million in securities linked to Fannie Mac and Freddie Mac, the two biggest US mort-gage-finance firms, a South Korean watchdog agency said. Korean insurance companies have US$465 million of debt from the two companies,
      Bloomberg  -  242 words
    • Article
      Lock icon Put Freddie, Fannie into receivership, urges WSJ
      376 17 Reuters [BANGALORE] The US Treasury Secretary could make greater progress towards a safer financial system by putting Fannie Mac and Freddie Mac into federal receivership, the Wall Street Journal said yesterday. If the current law doesn't give Henry Paulson that power, he should
      Reuters  -  376 words
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      198 16 LUAUKY Our makeover will make your day. Step into a new realm of sophistication and style at the Pan Pacific Orchard, when you stay in one of our new Pacific Club Rooms. With privileged access to the Pacific Club Lounge and surrounded with luxurious comfort in your room, you'll know
      198 words
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      1286 17 OIYMPUS bank '^Cl D THE KOREA DEVELOPMENT BANK Headquarters: 16-3 Yeouido-dong, Yeongdeungpo-gu, Seoul 150-973, Korea v o r- Tel: (82-2) 787-4000/5000/6000/7000 Fax: (82-2) 787-7891 Swift: KODBKRSE Tlx: KODBANK K***** Website: http://www.kdb.co.kr TOUT VISIOn, UUr ruture Singapore Branch:BShenton Way#o7-01/02Singapore*****1 Te1:*****188 Fax:*****540 Email:singapore©kdb.co.kr BALANCE SHEETS STATEMENTS OF INCOME (BANKING ACCOUNT) (BANKING ACCOUNT)
      1,286 words
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  • WORLD
    • Article
      Lock icon New Fed rules target abusive lending practices
      467 18 LATWP Moves to toughen verification of borrowers' creditworthiness aimed at averting another crisis [WASHINGTON] The Federal Reserve rolled out rules on Monday aimed at curbing abusive lending practices widely used to coax unsuspecting borrowers into loans they cannot afford. The rules take effect
      LATWP  -  467 words
    • Article
      Lock icon GM to cut jobs, boost liquidity by US$15b
      147 18 Reuters [DETROIT] General Motors Corp said yesterday it would cut white-collar employment costs by 20 per cent, sell up to US$4 billion of assets, and borrow at least US$2 billion in a bid to bolster its liquidity by US$l5 billion through 2009.
      Reuters  -  147 words
    • Article, Illustration
      Lock icon US investors bail out of investment bank stocks
      481 18 AP, AFP [NEW YORK] Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings to go private. Financials such as Merrill Lynch Co and Morgan Stanley dropped sharply amid
      AP, AFP; BLOOMBERG  -  481 words
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      1318 18 STRATECH SYSTEMS LIMITED (Incorporated in Singapore) (Co. Reg. No: *****8251Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STRATECH SYSTEMS LIMITED (the "Company") will be held at the Boardroom, Stratech Systems Limited, 2 International Business Park, The Strategy, Level 6, Tower 2, Singapore
      1,318 words
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      81 18 ir _J[a 1 Bid price starts from $2500 f ■> Bidding ends 11.59pm, 20 July 2008 Nv> News Dimensions: (W)800mm x (H)1,798mm x (D)694mm Capacity of 542 L Features include Vitamin Factory, Soft Freezing Non-CFC Cooling In Deep Blue FREE delivery One search, all results. &SEE Neatly arranged in 6
      81 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon SEC targets hedge funds in short-selling probe
      394 19 Reuters Regulator sends subpoenas to more than 50 hedge-fund advisers, says report [WASHINGTON] The US Securities and Exchange Commission (SEC) has sent subpoenas to more than 50 hedge-fund advisers as it investigates whether individuals spread false rumours to manipulate shares in two WaU
      – Reuters  -  394 words
    • Article
      Lock icon Samak unveils handouts, tax cuts to spur economy
      544 19 Reuters [BANGKOK] Thai Prime Minister Samak Sundaravej unveiled a US$l.4 billion package of tax cuts and handouts for the poor yesterday in a bid to revive a struggling economy and his sagging popularity. The six-month programme comes amid prolonged street protests and
      Reuters  -  544 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8515 19 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.051/ AIGIF Spore Bond Fund/A 1.324/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.9/ APS Alpha Fund (USD) 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9517/ APS Komaba Global
      8,515 words
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  • AVIATION
    • Article, Illustration
      Lock icon Mid-East's US$25b orders spice up airshow
      758 20 -AP FARNBOROUGH AIRSHOW Many European, US airlines seen holding back big deals as fuel prices soar [FARNBOROUGH, England] Airlines from oil-rich Middle Eastern countries saved the world's largest air show from an otherwise lacklustre start on Monday, booking orders for around 150 planes worth
      -AP; BLOOMBERG  -  758 words
    • Article
      Lock icon ATR may build bigger turboprops
      556 20 Bloomberg [FARNBOROUGH, England] Avions de Transport Regional, the French-Italian maker of turboprop planes, said it is evaluating whether to make a 90- to 100-seat model as demand rises for alternatives to jet-engine aircraft because of record oil prices. "We see more and more demand from
      Bloomberg  -  556 words
    • Article
      Lock icon Decision on aid for A350 jet by Dec: ministers
      417 20 Bloomberg Airbus seeks 11.6b euros in devt costs for wide-body plane [FARNBOROUGH, England] Airbus SAS, the world's biggest commercial planemaker, will get a decision from European governments by December on whether and how they contribute toward development costs for its A
      Bloomberg  -  417 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2614 20 AIRLINE CODES: AA Am in Airlines (AAL), AF Air France (AFR), AI Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlin British Airways Public Ltd Co (BAV\ BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airline EVA Airways Corpn
      2,614 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      274 20 CRYPTIC CROSSWORD 22 What may account for some wild emotionalism? (4) 4 Mothers regularly taking 20 Cross about church being in--24 Work at home I love crafts- fruit (6) sincere? (6) man's ultimate judgement 5 Signs of respect from short 23 Component of alphabet (7) little girl full of energy
      274 words
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  • SHIPPING
    • Article
      Lock icon Move with care on slow steaming
      663 21  -  DAVID HUGHES STRAIT TALK HIGH bunker prices, as well as environmental considerations, have led many shipowners to consider "slow steaming" as a way of reducing fuel consumption. AP Moller-Maersk is one of several owners which have gone down this route, while Hermann Klein, boss
      663 words
    • Article
      Lock icon China takes delivery of second locally built LNG tanker
      235 21 Bloomberg [SHANGHAI] China took delivery of the second locally built liquefied natural gas (LNG) tanker in Shanghai last week as the world's sec-ond-biggest energy user imports more of the clean-er-burning fuel to meet rising domestic demand. The 147,000-cubic-me-tre Dapeng Yue will
      Bloomberg  -  235 words
    • Article, Illustration
      Lock icon More needed to counter fuel costs
      561 21  -  VINCENT WEE Fuel conservation measures, re-think of ship design necessary [SINGAPORE] In the same way that Western medicine is said to treat the symptoms and not the cause of an illness, the current measures that most shipping companies are taking to deal with the
      BLOOMBERG  -  561 words
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      1833 21 Wl\ »]»IV JVI =h H4 Ifl M MHI =fcff?»M Contei Company Registration No. *****3037H Contei Corporation Limited (Incorporated In The Republic of Singapore) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING Noticeof Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held
      1,833 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon US financial crisis far from over
      519 22 ANY comfort investors may draw from the US government's swift moves to come to the aid of giant mortgage finance companies Fannie Mac and Freddie Mac over the weekend is likely to be fleeting. Indeed, after being relatively calm on Monday, Asian markets fell
      519 words
    • Article, Illustration
      Lock icon Will inflation threat accelerate or disappear?
      1264 22 The biggest culprit behind today's inflationary troubles is the abundant supply of funds By EDWARD HADAS and HUGO DIXON THE inflation question is probably the biggest threat today. So says Dominique StraussKahn, managing director of the International Monetary Fund. Why has inflation returned to
      REUTERS  -  1,264 words
    • Article, Illustration
      Lock icon The epic clash that could lead to anew world order
      769 22  -  FRANK CHING THE BOTTOM LINE GEORGE Herbert Walker Bush, when he was president of the United States, used to talk a lot about a "new world order" emerging after the collapse of the Soviet Union in 1991. Seventeen years later,
      769 words
    • Article, Illustration
      Lock icon China will hold on to Fannie and Freddie
      902 23  -  ANDY MUKHERJEE Bloomberg The ailing mortgage financiers have a safety net in the Asian nation, which has reserves reaching USsl.Bt in June LENDERS to Fannie Mac and Freddie Mac were being skittish for no reason. The risk premium on the beleaguered mortgage
      Bloomberg; REUTERS  -  902 words
    • Article
      Lock icon Monopolies: A beast in every sense of the word
      1077 23  -  i PRADEEP S MEHTA CONTESTABILITY of markets is the adrenaline of all economies. While countries liberalise their economies, a vital concomitant reform is the enactment and implementation of competition laws, so that consumers get the benefits of liberalisation. In 1995, only
      1,077 words
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      482 23 INTERNATIONAL LASSETERS INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 26 February 2004) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lasseters International Holdings Limited (the "Company") will be held at Hibiscus Room, Level 3, Grand Hyatt Singapore, 10 Scotts Road,
      482 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      5722 24 Transaction date: Jul 15 Hii !-wks Tel Low Code Coi Sale ('OOP) Hi i ■ow Bi Seller C'vr P/E $mil 5716 1st Software 244? 15.1 118? 141 54.5 5550 ARA ,r If ??:i i& 7 Marl 15 7 3211 Abterra 23 5 5209 Ace Achieve 2i io,-§ s
      5,722 words
    • Article
      Lock icon SGX XTRANET
      57 24 _Hm Low Code Comi Sale COOO) _Hm Low Bui Seller C'vr P/E $mil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF US200cd US6200 US1000 US***** US***** 293 -5
      57 words
    • Article
      Lock icon SGX CATALIST
      1924 24 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 20 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s Afor 70.5 9.5 1524 s Alantac 21.5 8.5
      1,924 words
    • Article
      Lock icon CLOB INTERNATIONAL
      213 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      213 words
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      8676 24 52-wks Tel High Low Code Company 5716 1st Software Last Sale 2 7.5 ,"i' +0.5 -0.2 -0.5 -6 +0.5 -0.5 -0.5 -0.5 -0.5 line -1.5 0.5 -8 -2 -2 line -7 +15 +0.5 -1.5 0.5 0.5 +2 -4 0.5 0.5 -1.5 -2 -4 +1 -1.5 0.5 +0.5 +1 0.5 0.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 14 World Index Preliminary 932.9 0.1 -17.6 -0.2 -20.4 0.0 -15.3 EAFE Preliminai 881.2 0.3 -21.4 -0.1 -21.6 0.2 -16.6 Euro[ Prelim inan 1183.2
      374 words
    • Article
      Lock icon PALM OIL
      56 25 Jul 15 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Jul 08 Aug 08 3507 Sep 08 3500 Oct08 3518 Total o/p: ***** contracts 3495 3536 3540 3499 3550 3560 3500 3560 3572 3512 Turnover: ***** Market tone: Higher 613 706 4991
      56 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Jul 15 ten Hii Sett STI IIMSCI Jul 350.5 352.9 345.8 "aiwan Jul 268.2 268.2 257.2 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul IS SS Bid Offer 1-month 1.3443 1.3446 2-months 1.3424 1.3428 3-months 1.3407 1.3411 6-months 1.3355 1.3360 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      161 25 IIMItKbAIMK. UJKKtNlY KAIt! Against SS Currencies Bid Offer J Jul IS Against USS Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.3206 1.3208 0.9807 0.9808 Canadian dollar 1.3451 1.3458 0.9989 0.9993 Euro 2.1528 2.1531 1.5987 1.5988 NZ dollar 1.0377 1.0383 0.7706 0.7710 Sterlini ind
      161 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      372 25 Jul IS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.130 96.995 96.985 96.845 0 0 0 0 ***** ***** 7946 2988 EUROYEN FUTURES Sep08 99.150 99.150 Dec08 99.125 99.125 Mar09 99.090 99.100 Jun09 99.020 99.045 Sep09 98.985B Dec09 98.890B Mar10 Jun10 99.145
      372 words
    • Article
      Lock icon SICOM FUTURES
      270 25 Jul 15 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan/Mar 09 434.75 432.00 430.25 430.50 429.75 430.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      270 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 25 As at 9am Jul 15 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.3070 1.3220 Can dollar 1.3350 1.3510 Euro 2.1370 2.1620 NZ dollar 1.0240 1.0470 Sterlini ind 2.6820 2.7121 US dollar 1.3440 1.3600 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      175 25 Jul 15 $S_ Offer Bid Overnight 1/8 1-month 7/8 2-months 1 1/16 3-months 1 5/32 Overnight mode: 3/8 US$ Offer PAR 3/4 15/16 1 1/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 2.45 2.65 2.85 3 00 3.25 3.35
      175 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 25 JuSIS AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.982 6.692 0.613 7.651 42.346 89.650 1.033 9.906 3.157 1.272 68.996 44.433 1.321 7.479 0.988 29.802 32.855 0.489 0.981 Canada 1.019 6.818 0.625 7.794 43.139
      465 words
    • Article
      Lock icon PRECIOUS METALS
      173 25 Jul 15 GOLD (USS/oz) Jul 14 Jul IS Hong Kong 956.50 977.30 957.50 978.30 Jul 11 Jul 14 London 963.30 967.45 964.30 968.45 Source: Reuters GOLD (USS/oz) Jul 14 Jul IS GOLD BULLION COINS (SS) Selling Buying i~oz 1464.83 1321 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm
      173 words
    • Article
      Lock icon SIBOR
      77 25 (US$) (SS) 2.***** 0.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3mths 1.***** Jul IS 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
      77 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      93 25 Jul IS TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****H 16.10.08 1-Year BY*****N 04.05.09 0.36 0.74 0.33 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875
      93 words
    • Article
      Lock icon LONDON METALS
      68 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3259.80 3271.20 3 months 3306.00 3317.00 Copper, Grade A (US$/tonne) Cash 3 months 8475.00 8280.00 8450.50 8270.00 Lead (US$/tonne) Cash 1965.00 3 months 1970.00 1967.50 1965.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon CHICAGO BOT
      100 25 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1595.00 1630.50 1603.00 1595.00 Aug 08 1582.00 1615.50 1594.00 1572.00 Sep 08 1568.50 1605.50 1582.00 1563.50 Nov 08 1559.00 1596.00 1574.00 1550.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 63.63 64.48 64.00 63.70 AugO8
      100 words
    • Article
      Lock icon LIFFE
      77 25 Jul 14 (£/tonne) Close Prev Hii ih/Low JulO8 1597 1609 1608/1591 SepO8 1534 1540 1547/1525 Dec 08 1526 1534 1538/1519 Mar 09 1508 1515 1512/1499 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2428 2406 2430/2403 SepO8 2350 2331 2360/2329 Nov08 2312 2296 2321/2291 Jan 09 2260 2246 2260/2235 SUGAR
      77 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Jul 14 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 144.78 -1.86 WTI (Near Mth) 145.26 0.83 Dubai (1-Mth F) 138.6 -0.98 Tapis blend 152.55 0.7 Minas 148.2 -0.7 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 133.00 174.50 -0.27 -2.15 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS & WARRANTS
      1546 25 BONDS WARRANTS 4391 DBS MER ECW*****8 13.5 -3.5 280 22 -1 1200 Pel lode Company el lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left 4249 DBS RB ECW*****8 23 -6.5 10 DBS RB ECW*****8 9.5 -2 160 0.1 1600 0.1 1900 1
      1,546 words
  • Page 25 Advertisements
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      155 25 Will Gold Reach I |C<fci i\i\i\ vT b IT' i OTT M- pTI r jp _^A Global demand and supply mine production and inventory figures W Holdings sales by World Gold Council, International Monetary Fund and Central Banks j #ivJclll I Strength of the U.S. dollar and key economic indicators
      155 words
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      2803 26 Shipping Times ifl fV BMfl r^rof^^TTn!!T?T?rirTOT?!S5?lffiS A WAN HAI INTERNATIONAL PTE LTD crno **********0/r 111 BiiEEHaKflBi^^ %T C r~j\ ■■■>>■ ■■>■ TEL*****5S8 (14LINES) FAX:*****163 M i^i^i^H mm^mVSHavaWaWlBSBkW^U \\\N 1 WAN HAI INpN <»"«n« Service/Bookings Direct line-(1800) *****200 rflllllHiyil I HlffiHfflSB^^K[SESiaffluH V, "VHIl I I Ml LI lib J PKL TEL:
      2,803 words
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      3291 27 RICKMERS-LINIE *~*«*»-*9-a**.,-*. |Tjrg-\ EASTERN CAR LINER. LTD I§§ £J®3S& Regular Breakßulk/Project/SOC Conventional Services website: www.rickmers.com I \U 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 "I SIN I ALT I HOU
      3,291 words
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      5400 28 MMM UR north west express line m&^i-t/j^f «m*^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES SINCE 1970 ■J^H I VESSEL I VOY Singapore Fremantle Cocos Island Christmas Island Pasir Gudang OWNS OPERATES THE YOUNGEST FLEET m^ngm^njni^^^^H n i,,. n^ i..... m i.. m m m with
      5,400 words
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      5311 29 r^SSIRSRRI I I CHASE/M lu^Jfrtl |^^S^2AS U SJ CHASEN HOLDINGS LIMITED (Registration No. *****6814G) (Incorporated in the Republic of Singapore) A r- Notice of Annual General Meeting m nt"O P*m 3"CICS NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Banquet Hall, Raffles
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  • MOTORING
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      Lock icon CNG car sales race ahead as petrol prices soar
      518 30  -  SAMUEL EE Over 800 units sold in past 6 months compared to just 34 for whole of 2007 SALES of CNG cars are continuing to power ahead this year, with the number of such vehicles in the first six months soaring
      FILE PHOTO  -  518 words
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      Lock icon Grey importers open in Leng Kee Rd
      592 30  -  SAMUEL EE They are setting up shop in the new eight-storey Alexcier A HANDFUL of parallel importers have planted a permanent flag in the prime Leng Kee Road area by setting up shop at a new building called The Alexcier. The Alexcier is
      ARTHUR LEE  -  592 words
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      70 30 B!^iv 4 v* Wt/llmmmm WL M WW llA W M \\\\\\\\\\\\\m J\ ?V^^^^^^^E9m /m\\\\\\\\\\\\\\\\\\\\\ w II a III mm B ll It f i I ii K m Br«U LTOnBHBTl.1 J: Wit ItVJ fe O^O^^OK N f jfl Hk*V mmi^m\ mw^ 1 m\Mm mm\ 2 h& Tarft mmm Bijlji|ww<M|M» Ijppt^fiMofllpM
      70 words
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  • EXECUTIVE MONEY
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      Lock icon Oil holds the key for stock markets
      1453 31 Barring major supply disruptions, weaker demand is likely to push crude prices sharply lower in six months, writes SHANE OLIVER THE big slump in shares from their highs in October/November last year to their lows in March this year was driven primarily by
      Thomson Financial, AMP Capital Investors; AMP Capital Investors  -  1,453 words
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      Lock icon Planting the seed of growth
      944 31  -  CHRISTOPHER TAN Investing is like gardening. You will reap what you sow if you stay the course through the harsh seasons IT was Monday (yes, just two days ago) and I was really stressed. I wasam due for an article submission for this column but
      : Providend  -  944 words
    • Article
      Lock icon Royal Skandia targets high net worth market here
      409 31  -  GENEVIEVE CUA ROYAL Skandia, part of the Old Mutual Group, hopes to capture a share of the high net worth market with its new offering here an in-surance-linked investment platform that offers the flexibility to invest in almost any market or security
      409 words
    • Article
      Lock icon Reits get downgrade on financing fears
      1171 32 Expected rise in bond yields also putting pressure on sector, reports GENEVIEVE CUA REAL estate investment trusts (Reits), once an investors' darling, are feeling the heat of the credit crunch and the expected rise in bond yields. A number of analysts have downgraded the
      1,171 words
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      Lock icon Making the best of a bad situation
      883 32  -  GENEVIEVE CUA 2 investment chiefs suggest what to put money in for now By TIMING is almost always a tricky issue when it comes to investments. Since the sub-prime crisis ballooned in the third quarter of last year, strategists' expectations of a recovery
      I JOHN HENG  -  883 words
    • Article
      Lock icon A new way to play in commodities
      848 32 -NYT [NEW YORK] Individual investors who have become blase trading gold and oil over their morning coffee have some new alternatives. They can even place bets on the future direction of the global coffee market. In late June, Barclays rolled out a series
      -NYT  -  848 words
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      109 31 If you are in any of these situations: You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch and
      109 words
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