The Business Times, 23 July 2008

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Total Pages: 40
1 40 The Business Times
  • 22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg Am A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Wednesday, July 23,2008
    22 words
  • 640 1  -  ARTHUR SIM Luxury retail rentals enter unfamiliar territory with new benchmark By [SINGAPORE] A new benchmark for retail rents on Orchard Road has been set at lon Orchard with tenants paying a base rent of up to $80 psf per
    640 words
  • 747 1  -  SIOW Ll SEN Non-binding offer, which values shipping line at USs7b, has to clear several hurdles By [SINGAPORE] Six months of talk finally gave way to a concrete step yesterday as Neptune Orient Lines (NOL) submitted a bid to acquire Hamburg-based HapagLloyd.
    747 words
  • MARKETS DIGEST
    • 46 1 uesi lay lange 1 COMP 1,109.57 +6.09 IIKKEI225 13,184.96 +381.26 IANG SENG 22,527.48 -5.42 ;et INDEX 682.15 -5.15 JAKARTA COMP 2,212.75 +17.69 1ANILA COMP 2,409.98 -6.64 ;eoulcomp 1,561.23 -1.69 ;henzhenb 459.34 -5.46 IUMBAI IND 14,104.20 +254.16 12N00N EDT Change )OW 11,504.96 +37.62 IASDAI 2,273.76 -5.77
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    • 30 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.496 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.65 INDIA 12.75 Source: I
      Bloomberg  -  30 words
    • 39 1 IS$ (S$ per US$) 1.352 (US$/S$ per 2.003 2.708 iURO (US$/S$/E) 1.593 2.153 'EN 106.50 78.70 3.241 2.397 IK$ 7.797 5.767 !AHT 33.36 24.67 lUPIAH 9,155 6,771 lENMINBI 6.821 5.045 INDIAN RUPEE 42.72 31.59 1.024 0.757 1.313 0.971
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  • Page 1 Advertisements
    • 1 1 8"*****"P*****4'
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    • 112 1 Invenit et Fecit invented and made The motto of a contemporary watchmaker building his own history. ____fl Dl__^_______S _l" 3 fiw_____p___H| mtW^Lmm^^l I<_____! I Chronometre Souverain |_____________ir Built in harmony with the noblest traditions M of 18th century marine chronometry. i;j H^P Geneva _m WaLchmaking Grand Prix Caliber FPJI3O4 in
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  • Page 1 Miscellaneous
    • 51 1 FASTEST GROWING 50 MOTORING MONEY BE INSPIRED \^W Gardenia leads the pack, Wf&/.<:-;^gs-*. Sales of parallel imports MATTERS Zap for daily inspiration, but SMEs sizzle continue to surge Handling a market Win a Zegna Sports PAGES 4,21-26 RAGE 27 Crash PAGE 39 Gym Kit! PAGE 9 Game for equity funds?
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 71 2 THE government will postpone construction of another $1.7 billion worth of public sector projects on top of some $3 billion worth that have already been put off- as it looks to manage rising construction costs. With this move, the government
        71 words
      • 45 2 FIRST Ship Lease Trust, which provides leasing services to the international shipping industry, is distributing US$l4 million to unit-holders for the second quarter ended June 30, a year-on-year rise of 21.8 per cent. COMPANY NEWS, PAGE 6
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      • 53 2 PUSHING on with its rig expansion to capitalise on the current oil boom, KS Energy has just acquired another new US$2B million land rig, which has already secured a drilling contract in Tunisia worth an initial U5516.95 million for the first year. COMPANY
        53 words
      • 65 2 SOILBUILD Group Holdings yesterday emerged as top bidder in a state tender for a 60-year leasehold industrial site at Woodlands, offering $13.61 million or $30.10 per square foot of potential gross floor area. This was almost 60 per cent above the next
        65 words
      • 45 2 SINGAPORE has taken the right approach in tackling inflation by allowing its currency to appreciate. But now, with growth slowing, it should also raise fiscal spending, an Asian Development Bank economist said yesterday. SINGAPORE NEWS, PAGE 13
        45 words
      • 60 2 A PLAN by Qatar Telecom (QTel) to buy the remaining shares in Indonesia's PT Indosat Tbk will be blocked by a regulation limiting foreign ownership to 49 per cent, officials said yesterday. The limit throws into doubt plans by QTel to
        60 words
      • 62 2 DONALD Trump Jr, whose father built a multibillion-dollar fortune in real estate, plans to set up a fund of as much as US$l billion to buy property in India, betting on the nation's economic growth. Mr Trump may create the privately held fund
        62 words
      • 50 2 PARALLEL imports continued to power ahead in the first six months of this year, with 11,860 units registered, or 23.5 per cent ofthe 50,549 new cars registered in Singapore during that period up from 2007's 20.9 per cent market share. MOTORING, PAGE 27
        50 words
    • 607 2  -  YEN SREENIVASAN Only 10% polled by lata see profits rising over next year By [SINGAPORE] The sense of foreboding and gloom intensified in the aviation industry with airline executives predicting a sharp fall in current and future profitability during the second quarter of this year, a
      607 words
    • 509 2  -  AMIT ROY CHOUDHURY Offer is 34% above Monday's closing price and could cost US$276 million By [SINGAPORE] South Afri-ca-based Dimension Data, a US$3.B billion IT solutions and services provider, yesterday announced that it intends to acquire the remaining 44.9 per cent Sin-gapore-listed shares
      509 words
    • 477 2 Bloomberg [SAN FRANCISCO] Apple Inc fell the most in six years in Nasdaq trading after its fo recast for the back-to-school shopping season missed analysts' projections and questions resurfaced about chief executive officer Steve Jobs's health. Fourth-quarter profit will be US$l a
      ■ Bloomberg; REUTERS  -  477 words
    • 568 4  -  UMA SHANKARI Move will free up resources for integrated resorts, other key projects By [SINGAPORE] The government will postpone construction of another $1.7 billion worth of public sector projects on top of some $3 billion worth that have already been
      568 words
    • 496 4  -  CHEW XIANG FASTEST GROWING 50 Small companies make mark by being more adventurous By [SINGAPORE] This year's Fastest Growing 50 awards saw four ofthe top ten positions claimed by listed companies or their subsidiaries, but DP Information Group, the organiser, says more SMEs than
      496 words
    • 585 4  -  LEE U-WEN It could help with follow-up action, make financial compensation easier By [SINGAPORE] The Ministry of Health (MOH) is planning to set up a registry of live organ donors so that regular follow-ups can be conducted with them after the transplant, particularly
      585 words
  • Page 2 Advertisements
    • 372 2 maver alliance Providing Quality Professional Training -^m fS^Mr^ Special 1-Hour Preview on The Negotiator's Toolkit 28 July 2008 (Monday) 12 noon to 1 p.m. The Negotiation Skills Course that goes beyond Winning to Maximising! The Negotiator's Toolkit Seminar has been conducted in many of Australia's major Corporations and Government Agencies
      372 words
    • 67 2 .A-V. 07--"Z /i'!l Hl' Because comfort matters. m w v W Leader DR-7500G Lady DR-290 Chairman DR-120 I "Truly a revolutionary ergortomic designed Mm*^MMM v*"*"* for professionals as well as family members wßsmWAm r i ajl r t1 in mini-. Asi'rtflte c/ia/rvWth versatility." t_fS Endorsed Certified ■MT^^M by Singapore <<Ml
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • 450 6  -  NISHA RAMCHANDANI Distribution per unit goes up 27.9% to 2.8 US cents as revenue rises 71.2% By FIRST Ship Lease Trust (FSL Trust), which provides leasing services to the international shipping industry, is distributing US$l4 million to unit-holders for the second
      450 words
    • 269 6 DDS CONTRACTS Interior Solutions, a joint venture between Depa, the world's largest interior contracting company, and locally listed Design Studio, has won a fit-out project with a contract value of $69.1 million for the Marina Bay Sands Integrated Resort (IR). The contract, DDS'
      269 words
    • 248 6 3 months ended June 2008 6 months end ded June 2008 NET PROFIT TURNOVER NET PROFIT CURRENT I PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) (S$m) TURNOVER CURRENT I PREVIOUS (S$m) CHNG 1 TotalAccess 160.13 I 54.65 193.0 692.08 665.45 4.0 256.32 I 118.56
      248 words
    • 381 6  -  CHEW XIANG I By ASIATIC Group, a Catalistlisted firm that supplies fire protection equipment but is moving into the energy business, said yesterday it will invest US$6.3 million in a hydroelectric power plant in Vietnam. Asiatic will buy 51 per cent of a
      FILE PHOTO  -  381 words
    • 561 6  -  EMILYN YAP OLAM International captured the market's attention early this month with two key transactions within one week. The commodity supply chain manager kicked off July with news of a joint venture with palm oil group Wilmar International to invest in natural
      561 words
    • 348 6 FIRST Real Estate Investment Trust (First Reit) said yesterday that its distributable amount for the second quarter ended June 30 rose 16.1 per cent to $5.2 million from a year earlier. This translates to distribution per unit (DPU) of 1.91 cents,
      348 words
    • 541 9  -  RONNIE LIM Contract in Tunisia worth an initial USsl6.9sm for the first year By PUSHING on with its rig expansion to capitalise on the current oil boom, KS Energy (KSE) has just acquired another new US$2B million land rig, which has already
      I FILE PHOTO  -  541 words
    • 375 9  -  CHEW XIANG Annualised yield of 11.4% based on unit price of 38.5 cents By PACIFIC Shipping Trust (PST) will be distributing 1.09 US cents per unit for the second quarter ended June 30, up 2.8 per cent on the 1.06 US cents distributed
      375 words
    • 348 10  -  KALPANA RASHIWALA It offers $13.61 m for industrial site; may build landed and/or flatted factories By SOILBUILD Group Holdings yesterday emerged as top bidder in a state tender for a 60-year leasehold industrial site at Woodlands, offering $13.61 million or $30.10 per square
      348 words
    • 175 10 Reuters [HONG KONG] Kerry Properties said yesterday that it will form a joint venture to invest up to 7.3 billion yuan (551.45 billion) in a hotel and residential property project in northern China, tapping the growth of the world's fourth largest economy. Kerry Properties
      – Reuters  -  175 words
    • 714 10  -  LYNN KAN Equities' valuations seen as attractive now after H1 fall By FEARS of stagflation a period of high inflation and slow economic growth may have been overdone. Citibank said this yesterday in a report on the investment outlook for the
      714 words
    • COMPANY BRIEFS
      • 84 10 LINK Hi Holdings has warned that its net profit for HI 2008 is expected to be lower compared with the previous corresponding period. It cited the absence of exceptional gain of about 11 million yuan (552.2 million) it saw in the comparative period,
        84 words
      • 68 10 BRIGHT Orient (Holding) Ltd said it expects to report a loss for the six months ended June 30. This is due mainly to the increase in price of raw materials and labour cost, the appreciation in the value of the
        68 words
      • 105 10 CNA Group said it is buying a 51 per cent stake in a provider of mechanical engineering and plumbing (MEP) services in Vietnam via a subscription of new shares. CNA said it is buying the controlling stake in HTE Engineering (Vietnam),
        105 words
      • 85 10 SNF Corporation is raising net proceeds of about $955,000 from a placement of about 14.29 million new shares at seven cents each to a Soh Eng Bee. It intends to use the proceeds as general working capital. The company said that the
        85 words
  • Page 6 Advertisements
    • 487 6 PACIFIC SHIPPING TRUST (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific Shipping Trust ("PST") will
      487 words

  • Page 7 Advertisements
    • 298 7 If your IT system goes down, will the rest of your business follow? Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in The moment you think you're prepared for anything, multiple platforms and storage management, we are able to the unexpected happens. Many
      298 words

  • SINGAPORE MARKETS
    • 724 8  -  LARRY WEE CURRENCIES Oil prices and Wall Street can make all the difference AFTER falling to record lows versus both the euro and Australian dollar in recent weeks, the US dollar has managed a small bounce in more recent trading, thanks in no small
      724 words
    • 232 8 me week s changes YEAR TO DATE JULY 22'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 106.31 1.20 112.05 95.71 SGD 1.3507 0.31 1.4542 1.3457 IDR 9150 0.11 9500 9035 THB 33.36 -0.30 33.79 31.00 CNY 6.8217 0.01 7.2085 6.8103* MYR 3.2370 0.53 3.3120 3.1310 CURRENCY
      232 words
    • 95 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 10 2 0 0 0 4 10 2 lanufacturing 51 57 49 11 57 64 60 Commerce 21 17 21 24 20 24 'pt/Stor/Comms 21 10 23 :inance 11 11 11 11 Construction 'roperties 21
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    • 119 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 11,429 11,429 48,521 48,521 lanufacturing 187,561 54,573 242,134 159,215 4,412 163,627 Commerce 42,706 28,503 71,209 45,815 10,773 56,588 'pt/Stor/Comms 59,133 265 59,398 165,383 61 165,443 :inance 20,042 20,042 183,581 183,581 Construction 35,329 5,573 40,902 5,158 317 5,475 'ro| )erties
      119 words
    • 104 8 lapitaLand 5.750 -0.120 lapitaMall 3.130 -0.020 jtyDev 10.760 -0.100 losco Corp 3.070 -0.050 IBS Grp 19.160 -0.020 :&N 4.490 +0.010 Sent Intl 0.565 -0.010 IK Land 4.200 ISH 16.900 -0.100 lardineC&C 16.500 +0.100 leppel Corp 10.700 -0.080 leppel Land 4.880 -0.020 IOL 3.150 -0.070 loble Grp
      104 words
    • 798 8  -  JOYCE HOOI China Farm Equipment July 22 close: $0.41 Phillip Securities Research, July 22 ALL of China Farm Equipment's (CFE) revenue is derived from the manufacture and sale of agricul-ture-related machinery. The group is also a direct beneficiary of government subsidies. Its combine harvesters have qualified for subsidies
      798 words
    • 536 8  -  CONRAD TAN STOCKS STOCKS here fell yesterday, giving up some of their solid gains on Monday, after an overnight rebound in oil prices and a meagre rise in US stock benchmarks led to a weak start in Asian markets. The Straits Times Index (STI)
      536 words
    • 4 8 DAILY
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    • 62 8 Jul 22 VALUE CLOSE IT OB/OS -402.00+218.C IT CADI -*****.00 -49. IT 10-day MA -*****.00 -40.0' TSE ST Mid Cap 696.44 -2.2 TSE ST Small Cap 570.08 +2.9' TSE ST All Share 724.82 -5.1 TSE ST China Top 407.36 -4.4' TSE ST China 399.26 -2.8! OB Catalist
      62 words
    • 54 8 VOLUME Jade Tech 31,064,000 UniFiber 28,032,000 Ocean us 27,609,000 ChinaTaisan 23,921,000 SingTel 23,417,000 Yanqzijianq 14,443,000 China Honqxinq 14,212,000 MapletreeLoq 13,965,000 MiddleEastD 12,672,000 SinqTelMBLeCWOBll2l 12,450,000 VALUE(S) SingTel 82,600,248 UOB 56,542,818 DBS Grp 56,396,580 SPH 41,399,420 SGX 38,370,257 S I A 34,414,060 CapitaLand 30,247,880 StraitsAsia 27,877,333 Keppel Corp 27,210,420
      54 words
    • 106 8 CLOSE UP LP 10US$ 9596 90.5 0.7 'atacraft 128 39.2 29. India Ni 10 1335 31.0 2, iri tWor 66.5 29.5 79. iBS Bk6% NCPS 10 ***** 20.0 0.. ICBC Bk4.5%NCPS 100 ***** 20.0 0.. IS MSCI India 100 599 17.6 2.. reor Hani 10US$ 291 16.2 4. Korea
      106 words
    • 108 8 BY CENTS CLOSE DOWN 163 101.6 32.1 .ustland PG IMH 3034 73.0 1.7 I A 1526 32.0 2.1 IA 200 1522 28.0 1.8 IOB 1872 28.0 1.5 ilA Em 339 24.0 6.' Ro' 330 20.0 5.7 IOBMBLJCW*****0 539 18.0 3.2 itraits Trdi 576 16.0 2.7 China H 10US 1615
      108 words
    • 84 8 Where S$ stands Jul 22 CHNG CLOSE FR Jul 21 YR2008 S$ LOW S$ HIGH ISS 1.3507 0.04 1.4542 1.3457 iuro 2.1503 -0.13 2.2064 2.0474 'ouncls 2.7091 -0.47 2.8431 2.6568 1.3210 -0.12 1.3251 1.2349 'en* 1.2705 -0.25 1.4484 1.2619 lupiah* 0.***** 0.04 0.***** 0.***** laht* 4.0489 0.10 4.4299 4.0190
      84 words

  • Page 9 Advertisements
    • 142 9 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! r..^;z^\J j W mm k"v_. i V
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    • 450 9 00***^ s__S-B-___ mW* mZ^M __k V _fl B imßS^B* 111 i'k'k i il I Wmlmmm W J A*) I^^ A m%t IHiiTFtHtiS^iWl Credit-linked to two sovereigns and four corporations: Aviva PLC HSBC Bank PLC Malaysia People's Republic of China Prudential Public Limited Company Singapore Telecommunications Other important information The Base
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 86 11 BVLGARI iP- n—— J&« W; X^^B THE NEW DIAGONO CALIBRO 303 WATCH INTEGRATED CHRONOGRAPH WITH COLUMN WHEEL MECHANISM. MANUFACTURED MOVEMENT WITH AUTOMATIC WINDING AND DATE, CALIBER BVL 303, 45-HOURS POWER RESERVE, 37 JEWELS, 21*600 VPH, CONSISTING OF 303 PIECES. STEEL CASE WITH I8KT WHITE GOLD BEZEL. ANTIREFLECTIVE SAPPHIRE GLASS AND
      86 words

  • SINGAPORE NEWS
    • 481 12  -  JOYCE HOOI New high of 74% unhappy with cost of housing and office leases: survey By AMERICAN executives' grouses about the cost of housing and office leases here hit a new high this year, according to the latest Asean Business Outlook Survey by
      481 words
    • Article, Illustration
      93 12 Views of American executives in Singapore 1 .(a) Dissatisfied or extremely dissatisfied with housing costs: 2007:61% 2008:74% (b) Dissatisfied or extremely dissatisfied with office lease costs: 2007:45% 2008:74% 2. Business expansion in Asean within the next two years: Expand significantly: 15% Remain about the same: 25% Expand: 57% Contract:
      : AmCham  -  93 words
    • 182 12 Drew Napier hires 2 new directors LAW firm Drew Napier LLC welcomed on board two new members to its Banking Corporate Department yesterday. Marcus Chow joins as a Director from his previous position at the Issuer Regulation department of Singapore Exchange. He specialises in equity and debt capital markets and
      182 words
    • 281 12 THE Council for Third Age (C3A), in partnership with Prudential Assurance Company Singapore and NTUC Fair Price Co-operative, launched the second annual Active Ageing Festival (AAF) yesterday. The AAF aims to educate seniors about active ageing and to offer them choices and opportunities to engage
      281 words
    • 495 12  -  NISHA RAMCHANDANI ADRs at 5 and 4-star hotels rise 20% and 26% from last year Reports by IN the first five months of this year, average daily rates (ADRs) for five and four-star hotels in Singapore increased 20 per cent to $331 and 26
      495 words
    • 318 12 TRAVEL demand has remained robust for online travel retailer Zuji in the face of higher fuel prices and inflation, although the company has noticed that more people are travelling to the United States due to the weaker greenback, as well as to markets that are
      318 words
    • 367 12  -  EMILYN YAP By ADDING more sparkle to the Orchard Road shopping belt literally Palais Renaissance is undergoing a $16 million facelift and will soon showcase the world's first double-skin glass facade with musical dancing lights. The front facade will be ready by November. The
      367 words
    • 499 13  -  ANNA TEO But the country also needs to increase public spending substantially By/ SINGAPORE has taken the right approach in tackling inflation by allowing its currency to appreciate. But now, with growth slowing, it should also raise fiscal spending, an Asian Development
      499 words
    • 262 13 NANYANG Technological University (NTU) and the Temasek Foundation have joined forces to help make buildings in the Indonesian province of West Sumatra more resistant to earthquakes. The $313,000 project is a joint venture between NTU's Lien Institute for the Environment (LIFE) and Indonesia's Universitas
      262 words
    • 191 13 SOME outstanding alumni of NUS Business School who have successfully developed their business careers and ventures were recognised in an award ceremony yesterday. Among the recipients of the Eminent Business Alumni Award are Ng Ser Miang, chairman of NTUC Fairprice Cooperative, who played an important
      191 words
    • 373 13  -  LEE U-WEN By WITH under a year to go before the opening of the new Duke-National University of Singapore (Duke-NUS) Graduate Medical School building, Singapore says it wants to take its partnership with the prestigious American institution to a higher level. The government has
      373 words
  • Page 12 Advertisements
    • 409 12 THE MONETARY AUTHORITY OF SINGAPORE TENOR APPROXIMATELY 2 YEARS TOTAL AMOUNT OFFERED SGD 1,400,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT NIL (NON-COMPETITIVE) ISSUE CODE NXOOIOOT (REOPENED) ISIN CODE 5G********** ISSUE DATE/SETTLEMENT DATE 1 AUGUST 2008 MATURITY DATE 1 JULY 2010 COUPON RATE 4.625% P.A YIELD AND PRICE TO
      409 words

  • Page 13 Advertisements
    • 223 13 Screaming engines. Burning rubber. Roaring crowds. Now with every E-Class. Imagine experiencing the adrenaline-pumping excitement of the world's receive a 3-year servicing package worth $5,000 and a special cash first night race from the Grandstand. Now imagine doing that for free. rebate. That means you'll be driving off with over
      223 words

  • ECONOMY WATCH
    • 525 14  -  ANTHONY ROWLEY Member economies face average annual pace of 6.3% over next 2 years By in Tokyo EAST Asia's emerging economies face average annual inflation of 6.3 per cent over the next two years double the rate of
      525 words
    • 532 14 Bloomberg [SAN FRANCISCO] For six years, Tom Stechmiller's 2 per cent annual pay rises didn't keep up with increases in the cost of living. Now, with prices rising faster and the economy slowing, his wages have been frozen. "I'm terrified,"
      – Bloomberg; Bloomberg  -  532 words
    • 345 14  -  ROB COX By WHAT'S the difference between an investment bank and the US Treasury? It's getting a lot harder to figure out. Not only does secretary Hank Paulson hail from Goldman Sachs, he has now recruited yet another big kahuna from his Broad Street alma mater.
      345 words
    • 222 14 Bloomberg AFP, j [SEOUL] South Korea's economy faces problems as severe as during the Asian financial crisis a decade ago even though exports remain strong, Finance Minister Kang Man-Soo said yesterday. "Apart from exports, everything, including investment, consumption, employment and the
      Bloomberg; AFP, j  -  222 words
    • 368 14 AP He holds Canadian US treasuries, mutual funds, bonds [WASHINGTON] Engulfed by economic and financial turbulence, Federal Reserve chairman Ben Bernanke has taken extraordinary steps to ease America's problems. His own finances are a bit more straightforward. The chairman's financial disclosure form, released on
      AP  -  368 words
    • 2227 14 VOL ('000) Jul 22 RM A&M Realty 0.43 \bric Bhd 0.14 Advance Synergy 0.09 Adventa Bhd 0.90 Ae Multi Hldgs 0.20 Affin Holdings 1.74 Ahmad Zaki Resou 0.70 AicCorp 0.50 \irasia Bhd 0.92 Akn Technology 0.39 Alliance Financi 2.57 Aluminium Co 0.93 Amalgamated Ind 0.42 \mmb Hldgs Bhd
      2,227 words
  • Page 14 Advertisements
    • 109 14 I BUILDING GREATCIJSTOME__E_^ I The Colin Shaw Seminar 5 AUG 2008 at Pan Pacific Singapore Come and experience with Colin Shaw The Guru of Customer Experience who has helped transformed the Customer Experience of some of world's j largest organisations including Microsoft, T-Mobile, Dell Computers, and tj Her Majesty's Cabinet
      109 words

  • MALAYSIA/INDONESIA
    • 521 15 Telecom sector regulation limits foreign ownership at 49%, says Jakarta [JAKARTA] A plan by Qatar Telecom (QTel) to buy the remaining shares in Indonesia's PT Indosat Tbk will be blocked by a regulation limiting foreign ownership to 49 per cent, officials
      REUTERS  -  521 words
    • 231 15 AFP [KUALA LUMPUR] Malaysian utility Tenaga may construct the country's first nuclear power plant at a cost of US$3.l billion but is braced for objections from the public, a report said yesterday. "We are looking at about RMIO billion (554.2 billion) for
      AFP  -  231 words
    • 556 15  -  PAULINE NG Builders fear spike in demand, seek stable supply, prices By in Kuala Lumpur MALAYSIAN steel millers may have successfully fended off a planned windfall tax, but are still under pressure to temporarily halt exports to ensure domestic steel prices and
      556 words
  • Page 15 Advertisements
    • 741 15 U Z FIND THE ONES THAT FIT! h QT "N-> Recruit the right people through CATS Recruit. j v #=*n Call 1800 289 8822 or email recruit@sph.com.sg to advertise. TOZ\ f^H l^wAwJrAi_fl f J-Kk »-*_iiiiv ''^mm^'^&i mm i, VZ# M W# vZv f^z/' v\tf_V .J }Jf)± ,v^ Aft h S
      741 words

  • GREATER CHINA
    • 491 16 Bloomberg She backs Macau govt's move to limit number of gaming tables, for now [HONG KONG] MGM Mirage's venture with the daughter of billionaire Stanley Ho, which opened its first Macau casino in October, said government measures to curb a gambling
      ■ Bloomberg; BLOOMBERG  -  491 words
    • 191 16 ■AFP [HONG KONG] China's political elite will meet this week to discuss key economic policy for the rest of the year amid concerns over slowing growth, high inflation and weak exports, a report said yesterday. The gathering of the Communist Party politburo follows visits
      ■AFP  -  191 words
    • 295 16 Reuters Brazilian steelmaker said to have US$l Ob price tag on assets [HONG KONG] Russia's Severstal, fndia's Essar, China's Shagang Group and a Japanese consortium are among the groups that are in the second round of bidding for CSN's iron
      Reuters  -  295 words
  • Page 16 Advertisements
    • 253 16 \\\\WWWIL v a v k FIREWORKS AT MARINA MANDARIN j^^^Ssr^'--- '-Z ■■'ggi y^'*— 1?? fSI-fi I mmmmmvßfi^^-'■' _s4_§_V£^*^ *At *'m ff"*"*" a*Lmmmm\ _^_B_P^^_^_^Z* -^^^B B^_fc-_G_^_P^''^* ,^_M__C-«i— I 'H<i£l_c^___ii_^J_^i_H -~M M■ Ob-Mll Celebrate Singapore's 43rd birthday with us on 9 August and Singapore Fireworks Festival on 22 and 23 August with
      253 words

  • INDIA
    • 578 17 Reuters, AFP The 275-256 vote gives Congress-led govt time to battle rising inflation [NEW DELHI] Indian Prime Minister Manmohan Singh's government won a vote of confidence in Parliament yesterday, ensuring the immediate survival of the ruling coalition and a civilian nuclear deal with
      Reuters, AFP  -  578 words
    • 436 17 Bloomberg [MUMBAI] Donald Trump Jr, whose father built a multibillion-dollar fortune in real estate, plans to set up a fund of as much as US$l billion to buy property in India, betting on the nation's economic growth. Mr Trump may create the
      Bloomberg  -  436 words
    • 487 17 Reuters [NEW DELHI] India's top mobile operators Bharti Airtel and Reliance Communications are set to report quarterly profit jumped by a quarter as they ride a boom in the world's fastest growing mobile market. The number of mobile subscribers in India,
      Reuters; BLOOMBERG  -  487 words
  • Page 17 Advertisements
    • 384 17 ISAXOI CAPITAL MARKETS SAXOTRADER YOUR GATEWAY TO GLOBAL MARKETS NOW OFFERS ACCESS TO THE HONG KONG EXCHANGE Now is the time to capitalize on the fast-growing Hong Why open a SaxoTrader account today? Kong and China markets. Why not start managing your A high y awarded, multi-asset trading platform, SaxoTrader
      384 words

  • ASIA-PACIFIC/WORLD
    • 679 18 Reuters, AFP India dismisses offer; cut is USs2b deeper than what US promised earlier [GENEVA] The US yesterday made a new offer to reduce its trade-distorting farm subsidies to US$l5 billion a year, provided large emerging economies also open their markets
      Reuters, AFP  -  679 words
    • 329 18 Reuters [SAN FRANCISCO] Venture capitalists have delayed their expectations of when they will get returns on the money invested in start-up companies by more than a year, given the frozen public markets and slumping economy, according to a new KPMG study released on
      Reuters  -  329 words
    • 262 18 Bloomberg [CHARLOTTE, North Carolina] Wachovia Corp, the US bank that hired Treasury Undersecretary Robert Steel as chief executive officer two weeks ago, reported a record quarterly loss of US$B.9 billion and cut the dividend by 87 per cent. The second quarter loss of US$4.2O a
      Bloomberg; AP  -  262 words
    • 226 18 Bloomberg [SINGAPORE/DUBAI] The United Arab Emirates (UAE) dirham will appreciate 5 per cent in 2009 as faster inflation in the Gulf state forces the central bank to ditch its 30-year peg to the US dollar next year, according to
      ■ Bloomberg  -  226 words
  • Page 18 Advertisements
    • 110 18 I v Amm\ WAAL^r mAm^mwA *^fc <A PIL m —^AW^ Wr^Af m\ I^A M MWw\ _^^Hlfl Ik '.'.vj.iui^l .^1 Ik. JL a\ \a Wr^^At' mm H^kT VHP ■^■j i_^r m. ll^!^ ill ''^AmmJfi^- aa/* A^AmmmWbS STANDOUT At The Business Times we can see how important it is for you as
      110 words

  • WORLD
    • 589 19 Reuters Credit crisis may be moving beyond housing, banks to Corporate America [NEW YORK] The deepening plight of the American consumer has started to take a big bite out of corporate earnings. A number of major US companies who rely on consumer spending
      Reuters  -  589 words
    • 233 19 Reuters [BELGRADE] War-crimes fugitive Radovan Karadzic was arrested on Monday near Belgrade posing as a doctor of alternative medicine, sporting long hair, a beard and glasses to hide his face, officials said yesterday. A picture showed an unrecognisable Karadzic, markedly thin, with a long
      – Reuters  -  233 words
  • Page 19 Advertisements
    • 229 19 _^k_ mm\ mtmu^\ Xi jBR-M-^-I _^_M ''im-fM WLm mm\\\ m_u Met fimtmWmm I 6l____l -i r^-V_^_^* |T^-_ I wa-T>^*^**--B-K-t lii ttJtmc ■^H^S^ 'di From the bustling Orchard fI I n-^^^^ a H to the idyllic East from $45++ Meet for business or pleasure in 2 prime locations on Orchard ll
      229 words

  • FOCUS: ASEAN MINISTERIAL MEETING
    • 497 20  -  NISHA RAMCHANDANI Both countries have given assurance they will resolve the issue amicably By SOUTH-EAST Asian foreign ministers have stepped forward in a bid to help mediate a dispute between Thailand and Cambodia although the outcome for now suggests that the dispute will have
      497 words
    • 406 20 Reuters China says move will push process of nuke disarmament [SINGAPORE] Six foreign ministers involved in talks over North Korea's weapons programme will meet for the first time in Singapore in a gathering that China said yesterday would push forward the process of denuclearisation.
      ■ Reuters  -  406 words
    • 241 20 AFP [SINGAPORE] Singapore has cancelled Asean's traditional night of skits and stage acts by ministers at the end of their annual talks, Asean Secretary-General Surin Pitsuwan said yesterday. He said that he did not know why the Singaporeans had decided to pull the plug
      AFP  -  241 words
    • 8417 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.011/ AIGIF S'pore Bond Fund/ A 1.328/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.88/ APS Alpha Fund (USD) 0.65/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9589/ APS Komaba
      8,417 words

  • FASTEST GROWING 50
    • 675 21 Despite roiling markets, a record 350 firms qualified for the Fastest Growing 50 ranking exercise, up 46% from last year, reports chewxiaimg WHO'S afraid of the big bad economy? Not, apparently, these firms. The annual Fastest Growing 50 ranking exercise saw a record 350 companies
      675 words
    • 797 21  -  LYIUIU KAN By "SO good you can even eat it on its own." The phrase is synonymous with Gardenia, the leading packaged sandwich loaf company in Singapore, Malaysia and the Philippines, capturing at least 75 per cent of market share in all three countries. It
      JOSEPH NAIR  -  797 words
    • 566 22 Filtec provides filtration parts to power-generating stations, mining firms and marine companies, reports lyimim kaim RETHINKING division of labour is never a bad thing, and in fact, was the driver behind Filtec's growth. Having branched out from the automotive industry, it now provides
      ARTHUR LEE  -  566 words
    • 619 22  -  LYIUIU KAN By NICHEFINDER styles itself after its name. To a certain degree. It holds exclusive rights for certain niche products, like fast-moving consumer goods (FMCG), telecommunication accessories and hardware products. While it's exclusive in its distribution rights, it turns its back on its name when
      619 words
    • 725 22  -  CHEW XIANG By THIS is one Internet start-up that skipped the bust and went straight to boom. Set up in June 2002, just after the dotcom fever had wasted away, Interactive Hub which helps website owners such as Microsoft and Friendster sell online advertising space
      ARTHUR LEE  -  725 words
    • 1252 24 stevem phaim shares how exceptional enterprises deal with evolving business challenges to achieve market leadership FOR more than 30 years, Ernst Young has helped many of the most dynamic and ambitious companies around the world grow into market leaders. Our experience has shown
      1,252 words
    • 817 24 SINGAPORE SMEs seem to have found their magic formula not only to grow sales but to sustain the rapid growth over the last three financial years. The SMESOO ranking conducted by DP Information Group early this year saw the top 500 performing SMEs chalking
      817 words
    • 789 24  -  TAW SIEW MENG By" WHEN you hear the pulsating rhythms of a samba it is almost impossible to keep still you just want to get out of your chair and start moving! Right now many Singapore firms can hear the distant salsa rhythms of Latin
      789 words
  • Page 21 Advertisements
    • 161 21 Vhnii^ laiuV l^^HV VSfeM^ mJ ymm—mß m rw mr m HB? v W >. I p\jXX_ r _p.j. ki icinpQQPQ oftf^n At HSBC Commercial Banking, we understand the uniqueness of every business. ICICI UUOIIICOOCO Ullc" At the same time, we know that two clearly diverse businesses can have common ehorp
      161 words

  • Page 22 Advertisements
    • 51 22 I Pi I I SINGAPORE 1000 I j SINGAPORE SME 500 Salzgitter Mannesmann International (Asia) Pte Ltd is honoured to be conferred the prestigious Fastest Growing 50 Certification 2008 m SALZGITTER 137TelokAyer Street 1 M MANNESMANN #°7-06 Singapore *****2 INTERNATIONAL Te1:+*****7537° Fax: +65 6327 3583 A Member of the Salzgitter
      51 words

  • Page 23 Advertisements
    • 250 23 IN A SEA OF DYNAMISM COSCO Corporation is proud to achieve YhG j^_zc:Gjl Glrowj/ig 50 Cor^jkirUoj] 2008 I COSCO Corporation (Singapore) Limited i- HM M premier league in the ship repair industry. ("COSCO" or the Company) has the COSCO is poised to continue in its largest Ship Repair, Ship Building
      250 words

  • Page 24 Advertisements
    • 214 24 mm. mW—. SflMFffllDW ihubmedia _i^^ Asia's Leader In Internet Marketing ;^B '~4Mfl H__ ~"t _r^^^B_ft AM mmmk. ihub Media Group, Asia's Leader in Internet Marketing, is J* W^ _(r one of Singapore's fastest growing companies. Interactive ''"*»,W t^"v Hub (a member of the Group), is the proud recipient of mm
      214 words

  • Page 25 Advertisements
    • 605 25 ■jL'jj I A^\ Am^K A9\ r^m I __r^ _^-^-^_h-l -B __i __r^ Ato^ I I i _-H_E_--h J BB ■y Hi 1 m i I r maim Wf J f IK <>4 ■n M I I _v fe <- m __n_b- t m j^ .-H 9j _n_^\ Ji lj j_?
      605 words

  • Page 26 Advertisements
    • 339 26 IkW my •aoU' tarn mmr lam Wl I SINGAPORE 1000 Z?Bfck--I SINGAPORE SME 500 mwj^ _mp.j *k>. __^__^B£_j_*' c f Congratulations 1 Gardenia International (S) Pte Ltd 26 Hitachi International Treasury Ltd 2 LVMH Fragrances And Cosmetics (S) Pte Ltd 27 Steel Park International Pte Ltd 3 Filtec Private Ltd
      339 words

  • MOTORING
    • 519 27  -  SAMUEL EE Nissan is now a key parallel import brand due to the iconic GT-R model By PARALLEL imports continued to power ahead in the first six months of this year, with 11,860 units registered, or 23.5 per cent of the 50,549
      mmMaf»a?vy FILE PHOTOS  -  519 words
    • 423 27  -  SAMUEL EE By A MONTH after the General Insurance Association (GIA) implemented its Motor Claims Framework (MCF), the new accident reporting system seems to be working well. In June, the first month of the MCF, 17,833 accident reports were filed with GlA's records management
      FILE PHOTO  -  423 words
  • Page 27 Advertisements
    • 42 27 P 4 FIND THE OHEsV^-t HTUTHATFIT! Recruit the right people through CATS Recruit. i— > <T^i 3 C 1 Call 1800 289 8822 or email I recruit@>sph.com.sg ✓•-v) \/~n r~-^J to advertise. hr J "WJ^ o M-7 n mats v, 1 -~J RECRUIT
      42 words
    • 42 27 THE* ARE szc says BUT rraTHXnC THAT SHE CATTT HATOiE!! Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. RADSO 100% PURE FUN 91.3FM lt t*imm W* I* I 1 l_ I 1/
      42 words
    • 105 27 DISCOVER YOURSELF! (INENGUSH) With just a birth date, get to know your: Character Suitable careers Lucky colours QQ t Find of the day: 5 out of 10 illiterate 1958 HtoJ ww 1900-914-0002 r Callsatso.2l4cents/min TT (inclusive of GST) y# ~L J m^F M If-/'" '']mM Dive into the amazing, mmmr
      105 words

  • AVIATION
    • 688 28 Bloomberg Aanalysts don't see its stock picking up until investors regain some confidence [CHICAGO] Boeing, with about seven years of plane orders, sees fewer cancellations than rival Airbus SAS from airlines coping with a plunge in profits. Investors say they need
      Bloomberg; I AP  -  688 words
    • 293 28 Bloomberg [TORONTO] Airlines expect further deterioration in profits and more job cuts over the next 12 months amid near-record fuel costs and slowing growth in demand, an industry survey of chief financial officers found. Some 70 per cent of respondents said profitability will
      Bloomberg  -  293 words
    • 213 28 ■AFP [BUENOS AIRES] Argentina's government yesterday signed an accord to buy back troubled national flagship carrier Aerolineas Argentinas from its Spanish owners, officials said. The deal, with Spain's Marsans group which held a controlling 94.4 per cent share of the airline, will
      ■AFP  -  213 words
    • 2477 28 AIRLINE CODES: AA American Airlines (AAU, AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British A™aysPoblicLtdCo(BAW), BG u U a „„„n Airlines (BBC), Bl Royal Biw, :dn Bhd (RBA), BO u„ u M L ,„„™ays Corpn (EVA),
      2,477 words
    • 250 28 Bloomberg [NEW YORK] FedEx, the largest air-cargo shipper, asked a bankruptcy judge for permission to sue ATA Airlines over a claim the carrier breached a military-supply contract by ceasing operations. ATA, which ended flights in April after seeking protection from creditors,
      Bloomberg  -  250 words
    • 271 28 -AFP [SYDNEY] The head of Australian airline Qantas yesterday predicted the aviation industry would shed 100,000 jobs worldwide by the end of the year as high fuel costs force massive restructuring. Qantas chief executive Geoff Dixon, who last week
      -AFP  -  271 words
  • Page 28 Miscellaneous
    • 431 28 CRYPTIC CROSSWORD ACROSS r— r—l I Man, perhaps going by car, 1 2 4 Hi" 7 8 H M M M H 5 Record established by Ameri- __HH__HH__HH__^_B_____^M_P__L_BH_ can in field event (6) 9 r^TH 9 Saint in East appearing at mm mm bm _m H H H H H_
      431 words

  • SHIPPING
    • 639 29  -  DAVID HUGHES STRAIT TALK High bunker prices will push them out of business or force them to sell to the big boys By THE international shipping market has always been notable for entrepreneurs who have come along, set up lines and flourished. That
      639 words
    • 255 29 ■Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, had a seventh straight decline as vessel congestion eased in Australia. The index tracking transport costs on international trade routes fell 51 points, or 0.6 per cent, to 8,961
      ■Bloomberg  -  255 words
    • 144 29 Reuters [NEW YORK] Royal Caribbean Cruises Ltd, the world's No 2 cruise operator, reported a narrower quarterly profit on Monday due to a doubling of fuel costs, and announced a cost-cutting plan to save US$l25 million a year. "Too much of our profitability
      Reuters  -  144 words
    • 247 29 Reuters [SEOUL] South Korea will privatise state-invested firms including Daewoo Shipbuilding and Marine Engineering, its finance minister said yesterday, lifting shares of the world's No 3 shipbuilder by 5 per cent. "State-owned firms that compete in the private sector, such as Daewoo, will be
      ■ Reuters; BLOOMBERG  -  247 words
    • 299 29 Bloomberg Auction-rate bonds issued last October to be replaced [NEW YORK] The Delaware River Port Authority (DRPA), one ofthe last municipal borrowers to issue auction-rate bonds, will refinance US$35B million of the debt this week, more than five months after the market collapsed. The
      Bloomberg  -  299 words
    • TRANSPORT STOCKS
      • 101 29 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.61 0.36 3.07 0.79 2.05 1.28 0.07 1.04 1.44
        101 words
      • 28 29 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd unch 8.65 8.50 3.66 2.97 0.17 unch -0.05 unch 0.06 0.02 0.01 14! 13) 3(
        28 words
      • 12 29 '00 'recious Ship Regional Cont 19.20 15.40 -0.40 -0.30 1121 257
        12 words
      • 11 29 '000 Doil iingamas Cont .37.20 ...1.91 -0.25 unch 651 24;
        11 words
      • 17 29 '000 Aboitiz Equity Intl Container Keppel Marine 6.70 28.00 unch -0.10 -0.50 unch 321: 45! i
        17 words
      • 22 29 Evergreen Marine ....20.30 :irst Steamship 59.80 /Van Hai Lines 19.60 t'ang Ming Marine...18.40 -0.05 0.60 0.60 -0.60 8 3 3 9
        22 words
      • 40 29 '000 'en (awasaki Hvy Ind ..300.00 10.00 ***** (awasaki Kisen 937.00 18.00 4455 Mitsubishi Hvy 499.00 14.00 ***** Mitsui Eng&Sbldg...330.00 5.00 9252 Mitsui Osk Lines ...1444.00 63.00 8572 Mippon Express 490.00 13.00 3011 MipponYusen 933.00 22.00 7171 source: Reuters
        40 words
  • Page 29 Advertisements
    • 1151 29 Mm W Indian Bank (Head Office: 66 Rajaji Salai, Chennai 600 001 India) BALANCE SHEET AS ON 31 ST MARCH, 2008 (Rs in thousands) CAPITAL AND LIABILITIES Capital 829 77 00 829 77 00 Reserves and Surplus *****0 59 3010 99 80 Deposits ***** 94 73 ***** 90 63 Borrowings
      1,151 words

  • EDITORIAL & OPINION
    • 490 30 EVERYONE interested in Malaysia seems convinced that the country is in the grip of a vicious power struggle. The US State Department continues to speak out on it and Japan has indicated that it will seek information about ongoing events. The fact that these events have
      490 words
    • 999 30  -  PAUL A SAMUELSON Macroeconomic resources of govt suggest all US$-denominated debts could be honoured By BECAUSE of earlier complete failure of sound government regulation of ordinary banks, investment banks, hedge funds, mortgage lenders and other private venture funds, America is now,
      REUTERS  -  999 words
    • 788 30  -  LEON HADAR THE BOTTOM LINE MEMBERS of Washington's band of foreign policy realists are all giving the high-five to each other this week. The Bush administration sent Undersecretary of State William Burns, the third-ranking person in the
      788 words
    • 918 31  -  HARVEY KOEPPEL ClOs are increasingly aware that they could assume a true business leadership role By THE world ofthe chief information officer (CIO) is changing quite dramatically. According to the Center for CIO Leadership a global community of academic and practitioner experts, peer CIOs and business
      LUDWIG ILIO  -  918 words
    • 817 31  -  AMIT JAIN By NELSON Mandela turned 90 last week and the world celebrated. The grand old man is more than an icon. He may well be the last great leader ofthe 20th century. Although he has not disappeared from public life, his health is fraying. One
      REUTERS  -  817 words
    • 338 31 LETTERS TO THE EDITOR I REFER to the article "Narrow focus and some surprising omissions" (BT, July 18), which was a review ofthe book Economic Cooperation between Singapore and India: An alliance in the making? by Faizal bin Yahya. From the perspective of the
      338 words
    • 107 31 I REFER to the letter from Denis Distant, "Clob stocks: arrange transfers for nominal fee" (BT, July 2). We wish to advise that the charges levied by the banks as mentioned are to cover costs incurred in providing the custodian services for
      107 words


  • SINGAPORE STOCKS
    • 5958 32 Transaction date: Jul 22 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 262? 5J S Si?" 'IS S ffi FS P E 23.5 4.5 1100 AEM 40.5 15.5 2101 APOil 141 54.5 5550 ARA 19 4 3100 ASA
      5,958 words
    • 61 32 _Hm Low Code Comi Sale ('OOP) _H|< 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 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF IOPV US200xd US6200 US1000
      61 words
    • 1849 32 52-Wk Tel Hiqh Low Code Last Sale Vol C000I Day Last Quote ih Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi JiL 20 11.5 1181 s AAGrp 14 15 5000 s ABR Hldgs 12 18 8538 s APStrategic 15 2.5 1501 s Advanced System IS
      1,849 words
    • 200 32 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
      200 words
  • Page 32 Advertisements
    • 26 32 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gß_\ ijtejj H 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. f^^^^^B
      26 words

  • FINANCE & COMMODITIES
    • 358 33 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 21 World Index Preliminan 949.0 0.5 -16.1 0.4 -19.0 0.5 -13.1 EAFE Preliminai 898.2 0.8 -19.8 0.7 -20.2 0.8 -15.1 Euro[ Preliminan 1222.4 0.6 -20.8 0.6 -21.1 0.6 -16.1 Pacific 790.2
      358 words
    • 61 33 Jul 22 Delivery Month Opening Sett Av Range Price Price Hii Vol Open Done Position Low Aug 08 3235 Sep 08 3229 Oct 08 3230 Nov 08 3233 Total o/p: ***** contracts 3252 3285 3235 3223 3290 3223 3252 3294 3225 3249 3291 3225 Turnover: ***** Market tone:
      61 words
    • 22 33 Jul 22 STI SIMSCI Jul 356.2 358.2 355.5 Taiwan Jul 270.6 273.5 273 Source: MF Global (S) Pte. Ltd
      22 words
    • 22 33 Jul 22 S$ Bid Offer 1-month 1.3492 1.3508 2-months 1.3472 1.3489 3-months 1.3454 1.3471 6-months 1.3400 1.3419 Source: OCBC
      22 words
    • 153 33 Jul 22 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.3193 1.3213 0.9763 0.9768 Canadian dollar 1.3478 1.3495 0.9974 0.9976 Euro 2.1521 2.1546 1.5926 1.5928 NZ dollar 1.0285 1.0304 0.7611 0.7617 Sterlini 2.7064 2.7095 2.0028 2.003I US dollar 1.3513 1.3527 S$IUS$
      153 words
    • 304 33 Jul 22 EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.0850 96.8350 96.7500 96.5500 ***** ***** 6908 3119 EUROYEN TIBOR FUTURES Sep08 99.150 99.150 Dec08 99.115 99.120 Mar09 99.085 99.085 Jun09 99.025 99.025 Sep09 98.950 98.950 Dec09 Mar10 Jun10 99.145 99.115 99.075 99.005 98.935 99.145 99.120 99.080 99.015 98.950
      304 words
    • 293 33 Jul 22 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 09 432.00 427.25 422.75 422.75 422.00 421.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      293 words
    • 125 33 As at 9am Jul 22 of foreign currency: Currencies Bid Offer Aust dollar 1.3130 1.3280 Can dollar 1.3420 1.3580 Euro 2.1400 2.1640 NZ dollar 1.0210 1.0420 Sterlini 2.6890 2.7201 US dollar 1.3430 1.3590 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi renminbi
      125 words
    • 173 33 Jul 22 Overnight 3/8 1 -month 7/8 2-months 1 3-months 1 1/8 Overnight mode: 7/16 USS Offer 1/4 3/4 7/8 1 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SAu 2.38 2.62 2.85 3.00 3.25 3.40 3.55 Offer 2.28 2.52 2.75
      173 words
    • 466 33 Jul 22 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US! Australia 0.979 6.661 0.613 7.614 41.713 89.403 1.040 9.941 3.165 1.283 69.281 43.525 1.320 7.397 0.993 29.667 32.573 0.488 0.977 Canada 1.021 6.804 0.626 7.778
      466 words
    • 136 33 Jul 22 (US! t/oz) Jul 22 Jul 21 Hong Kong London 971.40 965.70 972.40 966.70 Jul 21 Jul 18 963.40 956.70 964.40 957.70 Source: Reuters CAST BAR M) Jul 22 Buying Sellim Kilobar "45,304.87" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      136 words
    • 76 33 Jul 22 1 mth 2.***** 0.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      76 words
    • 90 33 Jul 22 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****T 23.10.08 1-Year BY*****N 04.05.09 0.35 0.62 0.30 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • 70 33 Jul 21 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2995.00 2984.00 3 months 3045.00 3033.00 Copper, Grade A (USS/tonne) Cash 3 months 8356.00 8120.00 8314.00 8085.00 Lead (USS/tonne) Cash 2057.00 3 months 2050.00 1971.50 1970.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • 82 33 Jul 21 (£/tonne) Close Prev Hii ih/Low Sep 08 1463 1443 1496/1436 Dec 08 1467 1457 1492/1451 Mar 09 1460 1450 1481/1444 May 09 1462 1453 1471/1448 COFFEE (USS/tonne) Close Pev High/Low Jul 08 2429 2461 2440/2428 Sep 08 2347 2376 2374/2317 Nov 08 2288 2319 2315/2276 Jan 09
      82 words
    • 103 33 Jul 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 08 1409.50 1470.00 1458.00 1409.00 Sep 08 1405.00 1458.50 1445.00 1404.00 Nov 08 1403.00 1448.00 1437.00 1402.00 Jan 09 1419.75 1463.75 1450.00 1418.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 08 59.91 62.09 61.50
      103 words
    • 77 33 CRUDE OIL PRODUCTS Jul 21 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 130.67 -0.66 WTI (Near Mth) 131.66 2.69 Dubai (1-Mth F) 127.74 -0.98 Tapis blend 142 -1 Minas 136.3 -1.1 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 123.45 164.20 -0.68 -2.5 USS/barrel Opec Oil
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    • 1065 33 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 4014Capitaland BNP ECW*****8 19 -0.5 200 0.1 493 18 4305 Capita land MBL ECW*****3 1 -2.5 100 0.3 683 2 Capitaland MBL ECW*****2 ....20.5 -1.5 7180 0.3 590 5
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  • executive Money
    • 1243 38 GENEVIEVE CUA looks at some of the latest offerings that managers say can outperform in the medium to long term RISK aversion remains fairly intense among individuals, but fund companies are rolling out equity products that they say can outperform in the medium to long
      I NOEL ROSALES/THE STRAITS TIMES  -  1,243 words
    • 877 38  -  GENEVIEVE CUA By MENTION Brazil, and the first thing likely come to mind is commodities, or the acronym BRIC. Brazil is indeed the first country represented in the BRIC asset grouping, which has gained much traction since 2003 when Goldman Sachs first proposed a
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    • 203 38 Bloomberg STOCKS in China and India are "good bargains" after declines this year dragged down valuations in Asia's two largest emerging markets, Templeton Asset Management Ltd's Mark Mobius said. "We've been rearranging the portfolio based on valuations, which have come down pretty dramatically
      Bloomberg  -  203 words
    • 1491 39  -  WONG SUI JAU For the patient and disciplined investor such trying times also represent excellent opportunities to pick up bargains MOST people in the investment world hate the words "market crash". It's everything that investors want to avoid. But because markets move in
      1,491 words
    • 767 39  -  CONRAD DE AENLLE ■NYT By IT'S one of the biggest what-ifs in the markets: what if oil prices stage a significant and persistent retreat? The question took on some urgency last week when crude oil lost about US$l6 a barrel, or more than 11
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    • 161 38 1 Trade Sense: Your CFD trading solution **%<>&. Learn how you can profit from rising or falling markets with CFDs. Trade Sense is a structured six-week programme available with new accounts, /^'^~> jjr giving you a comprehensive introduction to this re. olutioi tai. alternative to conventional share trading: h^ ms*
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    • 1323 39 Superior Fastening Technology Limited M (Registration No. *****) _w^ (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Superior Fastening Technology Limited (the "Company") will be held at 80 Raffles Place. #25-01 UOB Plaza 1, Singapore *****4 on
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  • RISK AND RETURN
    • 1732 40 In the first of a four-part series, MICHELLE QUAH looks at how the regional economy will be affected by the fallout from the US crisis THE sub-prime crisis in the United States has undoubtedly been the single largest shock to the global economy in the
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