The Business Times, 6 August 2008

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Total Pages: 33
1 33 The Business Times
  • 23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday,August6,2ooB
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  • 1006 1  -  KALPANA RASHIWALA By [SINGAPORE] The next revision of property development charge rates is barely a month away. So what can the market expect? Recently a few 99-year leasehold condo sites at Woodleigh, West Coast and Choa Chu Kang were sold at prices below
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  • MARKETS DIGEST
    • 29 1 Bloomberg Source: SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.491 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.94 INDIA 12.75
      Bloomberg  -  29 words
    • 44 1 1 COMP 1,128.86 -19.82 IIKKEI225 12,914.66 -18.52 IANG SENG 21,949.75 -565.17 ;et INDEX 667.12 -7.55 JAKARTA COMP 2,185.62 -42.06 1ANILA COMP 2,602.38 +2.39 ;eoulcomp 1,535.54 -7.51 ;henzhenb 433.83 -16.35 IUMBAI IND 14,961.07 +383.20 12 noon EDT Change )OW 11,495.19 +211.04 IASDAQ 2,323.94 +38.38
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    • 40 1 IS$ (S$ per US$) 1.376 (US$/S$ per 1.956 2.692 iURO (US$/S$/E) 1.550 2.133 'EN 107.80 78.30 3.272 2.377 IK$ 7.805 5.671 !AHT 33.63 24.43 lUPIAH 9,083 6,599 lENMINBI 6.854 4.979 INDIAN RUPEE 42.29 30.72 1.086 0.789 IZ$ 1.381 1.004
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  • 686 1  -  SIOW LI SEN Savings rates scrape bottom, key 3-month interbank rate hits low of 1% By [SINGAPORE] It looks like bank depositors in Singapore may be "desaving" in more ways than one. They are facing a double whammy of interest rates that are limbo-rock
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  • Page 1 Advertisements
    • 3 1 8 *****1 *****4
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    • 117 1 Why Rolls-Royce's Hanno Kirner f is not worried motoring page 29 y^^^ US interest rates: Go to www.businesstimes.com.sg for the outcome of the latest Federal Open Market Committee meeting CORPORATE INVESTMENT BANKING ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS In Singapore and 75 other markets globally, we speak one
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  • Page 1 Miscellaneous
    • 44 1 SPORE CRICKET CLUB EXEC MONEY CORPORATE BE INSPIRED Anwarul Hague steps down The road to RESULTS Zap for daily inspiration, as president wealth wj UOB:Q2 profit Win a Zegna Sport page 2 page 33 *i Bk up 2.7% page 5 i-Pod Jacket! page 10
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  • TOP STORIES
    • 429 2 SINGAPORE CRICKET CLUB Anwarul Hague says decision is to 'maintain harmony' [SINGAPORE] The president of the Singapore Cricket Club (SCC), Anwarul Hague, stepped down yesterday, after being threatened with legal action. Mr Hague has been president of SCC since 2001. The fact that
      FILE PHOTO  -  429 words
    • 679 2 Reuters Home finance firms seen reporting losses until Q1 2009 [WASHINGTON] The head of the new regulatory agency overseeing Fannie Mac and Freddie Mac said he is mulling fresh capital standards for the mortgagefinance companies, and said he expects the
      – Reuters; BLOOMBERG FILE PHOTO  -  679 words
    • 401 2 Traders believe there is more room for prices to fall [NEW YORK] Oil prices kept falling yesterday, sinking as low as USsllß a barrel on growing concerns that a US economic slowdown and high energy costs are curbing consumer demand for petrol
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    • THREE MINUTE DIGEST
      • 72 2 CITIGROUP Inc has reported its first loss since at least 2005 on credit-card securitisations, signalling that risks may be growing in a business that generated US$3.5 billion of revenue in the past three years. The biggest US credit-card lender lost US$l76 million
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      • 69 2 DESPITE market concerns over falling loan and fee growth and rising expenses, United Overseas Bank ended the first six months of the year with profit gains for both the second quarter and the first half. But group deputy chairman and chief executive officer
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      • 86 2 DUE to volatile and high oil prices, jet fuel supplier China Aviation Oil (Singapore) has gotten cold feet about resuming oil trading here in the second half as planned. Still, CAO did resume derivative trading of the aviation fuel on a small
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      • 71 2 ASIA'S three largest listed stock exchanges should post slower earnings growth as trading volumes thinned and capital-raising dropped sharply amid a global equity slump this year. Asian stocks, as measured by the MSCI Asia excluding Japan index, have fallen 23 per cent
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      • 45 2 FEAR of a global slowdown has caught up with high-flying commodities stocks after a sharp decline in oil and metal prices, more gloom in the US economy and a glimmer of deceleration in China. ECONOMY WATCH, PAGE 11
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      • 57 2 EXISTING commission guidelines for property agents drawn up by industry body Institute of Estate Agents are likely to infringe the Competition Act, the Competition Commission of Singapore said yesterday. The guidelines stipulate fees and fee structures for agents and agencies dealing with various types
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      • 71 2 AFTER pressuring independent power producers to seriously consider a renegotiation of agreements viewed as one-sided by threatening a windfall tax, the Malaysian government appears to have its sights trained on Klang Valley's tolled highway concessionaires. But analysts are wary of the backlash in
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      • 52 2 CHINA Development Bank is competing with Commerzbank AG to buy Allianz SE's Dresdner Bank, Germany's third-largest lender by assets, sources said. The bank, which funds the nation's public works projects, has conducted due diligence on Dresdner in Frankfurt, they said. GREATER CHINA,
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      • 54 2 SURGING trade in metals and energy has propped up Indian commodity exchanges despite a ban on farm futures, and volumes are set to grow even more as investors scramble for safe-haven assets amid weakening financial markets. But analysts warn that not all will benefit
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      • 86 2 STANDARD Chartered pic, the UK bank that earns most of its money in Asia, has said that first-half profit rose 31 per cent, helped by corporate lending in India and Hong Kong. Stanchart rose as much as 6.8 per cent after the bank
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    • 597 4 Bloomberg Credit-card securitisation drags it USsl76m into the red for the second quarter [NEW YORK] Citigroup Inc has reported its first loss since at least 2005 on credit-card securitisations, signalling that risks may be growing in a business that generated US$3.5 billion
      – Bloomberg  -  597 words
    • 804 4 [PARIS] Societe Generale SA, France's second-larg-est bank, reported a 63 per cent decline in second-quar-ter profit after writedowns linked to the sub-prime contagion led to a loss at the in-vestment-banking unit. Net income fell to 644 million euros (551.37 billion), or
      AP  -  804 words
    • 381 4  -  RICHARD BEALES By FORMER Bear Steams boss Jimmy Cayne has been keeping a low profile for months. But now he has gone public, revealing to Fortune that he fell victim to a life-threatening illness last September and that a short-selling conspiracy contributed to the firm's collapse.
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  • Page 2 Advertisements
    • 73 2 TURANDCT One of the greatest spectacles on the operatic stage 29, 30 August 1-3 September 2008 B.oopm, Esplanade Theatre Tsung Yell Conductor Lo King-man Director CAST FOR 29 AUG 1, 3 SEP: CAST FOB 30 AUG 2 SEP: Kirn Young-ac Turandot Wei-Long Tao Ca/a/ Rachelle Gerodias Liv Tickets at $*k®®!;
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  • Page 4 Advertisements
    • 162 4 Megaman®employs AMALGAM instead of Article extract by courtesy of SPH liquid mercury in the creation of our lamps. The Straits Times, 26 May 2008 More and More Switch to Green Light Bulbs It is one consequence of the increased cost of living. Everyone is finding a cheaper alternative. The bulbs
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    • 158 4 Air Astana the National Carrier of Kazakhstan offers flights from > To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing (6x weekly) and For furth%TSrT website Seoul (2x weekly) ~p to domestic Kazakhstan and Europe via Almaty 3\f 35t31"13 on
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  • COMPANY NEWS
    • 414 5  -  VINCENT WEE By Revenue rises 32% to $1.39b from $1.05b SEMBCORP Marine continued to ride the rig-building boom in the second quarter, with net profit surging 50.7 per cent year-on-year to $128.3 million from $85.1 million. The increase was largely due to higher
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    • 832 5  -  CHOW PENN NEE But outlook not rosy, with CEO seeing moderation in loan growth By DESPITE market fears of falling loan and fee growth and rising expenses, United Overseas Bank ended the first six months of the year with profit gains for both
      832 words
    • 415 5  -  JAMIE LEE By THE executive chairman of wastewater treatment firm Dayen Environmental, John Lee, returned to work yesterday after a month-long hiatus but declined to say if his personal matters that caused a series of forced selling had been resolved. Mr Lee also
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    • 670 8  -  RONNIE LIM It takes a raincheck on oil trading but will focus on jet fuel business growth By BECAUSE of volatile and high oil prices, jet fuel supplier China Aviation Oil (Singapore) has gotten cold feet about resuming oil trading here especially
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    • 351 8 AT d 9 IdllCG 6 months ended June 2008 3 months ended June 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG (Sim) (Sim) (S$m) (S$m) I 1 II 1 UOB 1130.00 1103.00 2.4 2690.00 2490.00
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    • 487 8  -  CHEWXIANG Interim period saw distributable cash of $4.5 m By HYFLUX Water Trust (HWT), the first pure-play global water business trust to be listed in Asia, yesterday reported distributable cash of $4.5 million for the first half of the year. This translates to distribution
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    • 293 8 By UMA SHANKARI NEWLY listed property group Roxy-Pacific Holdings said yesterday that its second-quarter net profit rose 78 per cent to $8.95 million, from $5 million a year ago, as it continued to book revenue from projects launched in 2006 and 2007. Turnover rose
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    • 728 8  -  LYNETTE KHOO DWINDLING participation from both listed companies and research houses in the Singapore Exchange (SGX) Research Incentive Scheme (RIS) has raised the question of whether the scheme has lost its popularity and needs some fine-tuning. Despite criticisms fair or unfair the scheme
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    • 507 9 Region's three biggest exchanges expected to show slower growth ASIA'S three largest listed stock exchanges should post slower earnings growth as trading volumes thinned and capital-raising dropped sharply amid a global equity slump this year. Asian stocks, as measured by the MSCI
      BLOOMBERG  -  507 words
    • 294 9  -  NISHA RAMCHANDANI By SHIPPING trust Rickmers Maritime reported a net profit of US$9.2 million for the second quarter ended June 30, 53 per cent higher than its forecast. Total revenue of U5526.22 million also beat projections by 14 per cent, while the distribution
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    • 398 9  -  GENEVIEVE CUA H1 net dives 78% to $60.7 m but turnover up 11% at $5.03b By MARKET volatility has taken a toll on Great Eastern Holdings Ltd's latest half yearly results, although the underlying insurance business remains healthy. Net profit attributable to shareholders
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    • COMPANY BRIEFS
      • 70 9 Bloomberg OCBC has received approval to raise its stake in Vietnam Joint-Stock Commercial Bank for Private Enterprises to 15 per cent. OCBC currently has a 10 per cent stake in the Hanoi-based lender, known as VPBank, according to a statement posted
        Bloomberg  -  70 words
      • 64 9 SINOTEL Technologies, which provides wireless telecoms infrastructure and solutions in China, said the group's order book has appreciated to about 292 million yuan (5558.7 million) as at June 30, 2008. Between Jan 31 and June 30, the group had recognised revenue of about
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      • 39 9 TEE International yesterday said its subsidiaries have secured seven projects worth $7.2 million. To date, it has an outstanding order book of about $150 million secured by its Singapore and Malaysia subsidiaries.
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      • 56 9 AEM Holdings warned yesterday that the group is expected to report a net loss for the six months ended June 30. Apart from weak performance, the group will be writing off slow-moving inventory and making provisions for assets impairment. Cash flow from operations,
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      • 46 9 YANLORD Land Group has announced that the launch of its second batch of apartment units in Shanghai Yanlord Riverside City Phase 3 has received strong response. Total contracted pre-sales for the opening weekend amounted to 610 million yuan (*****.7 million).
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  • SINGAPORE MARKETS
    • 938 6  -  LARRY WEE CURRENCIES Suddenly, everything seems to be going wrong for the duo from Down Under AYBE it has got something to do with the onset of the August holiday peak in the Western Hemisphere and Japan. What started out as a more modest
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    • 96 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 9 4 0 0 0 4 9 4 lanufacturing 19 93 55 11 25 99 66 Commerce 12 29 19 14 32 21 'pt/Stor/Comms 12 19 12 22 :inance 14 14 Construction 10 10 'roperties
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    • 107 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 19,784 19,784 130,667 130,667 lanufacturing 367,055 21,261 388,316 361,531 1,764 363,295 Commerce 87,990 24,195 112,185 127,853 10,028 137,880 ■pt/Stor/Comms 144,090 1,487 145,577 411,357 476 411,833 :inance 41,479 41,479 445,518 445,518 Construction 30,333 3,411 33,744 5,836 131 5,967 ■roperties 54,658
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    • 107 6 lapitaLand 5.280 -0.070 lapitaMall 3.010 +0.110 jtyDev 10.820 +0.020 losco Corp 2.740 -0.230 IBS Grp 18.820 -0.220 :&N 4.320 -0.050 Sent Intl 0.545 -0.005 IK Land 3.920 -0.070 ISH 17.000 lardineC&C 16.900 -0.120 leppel Corp 10.580 -0.180 leppel Land 4.600 -0.020 IOL 2.650 +0.020 loble Grp
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    • 815 6  -  CHOW PENN NEE Cosco Corporation Aug 5 close: $2.74 JP Morgan, Aug 5 Q2 2008 results in line: Cosco posted HI 2008 net profit of $213 million (+74 per cent y-o-y), driven largely by its strong order backlog of $7.4 billion. Q2 2008 profit after tax and minority
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    • 548 6  -  R SIVANITHY FOLLOWING recent patterns, traders yesterday bet heavily on Wall Street rising on Tuesday. The Straits Times Index (STI) plunged 70 points to 2,807 in heavy selling during the morning and most of the afternoon, before a sudden upturn in the
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    • 4 6 gcf
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    • 63 6 Aug 5 VALUE CLOSE IT OB/OS -336.00 -134.0 IT CADI -*****.00 -183.0 IT 10-day MA -*****.00 -34.00 TSE ST Mid Cap 679.71 -4.05 TSE ST Small Cap 575.50 -7.67 TSE ST All Share 717.01 -4.57 TSE ST China Top 407.77 -8.78 TSE ST China 392.64 -12.07 IOB
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    • 61 6 VOLUME Yanqzijianq 95,176,000 Golden Agri 78,969,000 Cosco Corp 61,730,000 Noble Grp 42,478,000 China Honqxinq 34,481,000 DBS DBeCWOBIII7 32,860,000 Sing Tel 31,221,000 Li Henq 24,481,000 Ferrochina 24,353,000 Ocean us 23,410,000 VALUE(S) Cosco Corp 170,849,330 DBS Grp 169,770,900 Sing Tel 110,318,570 UOB 108,199,020 Keppel Corp 104,968,794 Capita Land 103,179,670
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    • 103 6 CLOSE UP India Ni 10 1470 73.0 5.2 iBS Bk6% NCPS 10 ***** 70.0 0.7 IOB 1968 38.0 2.0 IOBMBLJCW*****0 600 27.0 4.7 ISMSCI India 100 642 20.6 2.4 I A 1506 16.0 1.1 243 15.0 6.6 Ionics 15 12.5 500.0 iMall 301 11.0 3.: ICBC Bk 841 11.0
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    • 120 6 BY CENTS CLOSE DOWN LD 10US$ 8736-363.2 -2.9 :iMBAsean40 100US$ 833 -60.5 -5.0 China H 10US$ 1539 -56.4 -2.i iBS MBLiCW/*****0 480 -41.0 -7.9 Cmdt 10US$ 386 -24.8 -4.! :osco Cori 274 -23.0 -7.7 IMH 3044 -22.0 -0.5 iBS Gri 1882 -22.0 -1.; ndoAi iri 146 -22.0 -13.1 i
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    • 83 6 Where S! stands Aug 5 CHNG CLOSE FRAugi YR2008 S$ LOW S$ HIGH uss 1.3775 -0.40 1.4542 1.3457 Euro 2.1344 0.17 2.2064 2.0474 Pounds 2.6951 0.22 2.8431 2.6568 AS 1.2661 1.02 1.3251 1.2349 Yen* 1.2775 -0.51 1.4484 1.2619 Rupiah* 0.***** -0.56 0.***** 0.***** Baht* 4.0985 -0.19 4.4299 4.0190 Peso*
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  • Page 7 Advertisements
    • 299 7 >w s >. 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 C*^ The moment you think you're prepared for anything, multiple platforms and storage management, we are able to
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  • Page 8 Advertisements
    • 259 8 I I RICKMERS MARITIME (Registration Number: *****03) (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 20
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  • Page 9 Advertisements
    • 143 9 —KX mmX m m A\M mm Smwmw^mmr mm m What can you be sure about in times like these? As a client of UBS, you can be sure that we remain committed to being one of the best capitalised banks in the world. That we remain focused on building the
      143 words

  • SINGAPORE NEWS
    • 481 10  -  UMA SHANKARI lEA has until Sept 25 to remove its recommendation on fees, fee structures By EXISTING commission guidelines for property agents drawn up by industry body Institute of Estate Agents (lEA) are likely to infringe the Competition Act, the Competition Commission of
      481 words
    • 235 10 TEKKA Mall will be relaunched as The Verge, according to owner Corwin Holdings yesterday. The five-year-old mall, which is undergoing renovation, will become an IT, lifestyle and F&B hub so as to reposition itself to attract the right tenants and the right shoppers,
      235 words
    • 232 10 HDB's latest survey, completed last year, shows support for Sers at 85% RESIDENTS under the Selective En bloc Redevelopment Scheme (Sers) have shown strong support for the programme, said the Housing and Development Board (HDB) yesterday. Under Sers, selected old blocks of sold flats
      232 words
    • 395 10  -  EMILYN YAP By BANKING is very much a relation-ship-based business, so finding the right people for the job is essential, industry leaders said at the Global Leadership and Mentoring Congress yesterday. Wealth management, for instance, has huge potential for growth, particularly in
      395 words
    • 369 10  -  CHUANG PECK MING By A WORKFORCE that's globally relevant and competitive is the key to keeping Singapore's economy in shape and growing, Acting Manpower Minister Gan Kirn Yong said yesterday. For the workforce to stay globally relevant and competitive, Singapore's labour market must be
      369 words
    • 129 10 THE CPF Board's $20,000 investment restriction on Ordinary and Savings accounts from April 1 hit insurance sales, the Life Insurance Association (LIA) of Singapore said in its second-quarter results announcement yesterday. CPFIS sales slumped 61 per cent, it said. But there was strong
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    • 282 10 AUDIT firm Deloitte Singapore said yesterday its revenue grew 30 per cent in the fiscal year that ended in May. "In particular, our enterprise risk services and financial advisory services grew exceptionally fast, with growth of about 50 per cent and 40 per cent
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    • 309 10  -  ARTHUR LEE By BY the year 2050, Singapore is projected to have the world's fourth-oldest population. And as early as 2030, one in five people here will be aged over 65, according to a recent Ministerial Committee report on Ageing. SPH chairman
      ARTHUR LEE  -  309 words
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  • ECONOMY WATCH
    • 220 11 [SEOUL] South Korea's largest business lobby group warned yesterday that an interest rate increase was more likely to hurt the economy than help contain consumer inflation, just days before the central bank reviews rates. The Korea Chamber of Commerce and Industry
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    • 664 11 Reuters Markets reacting to fall in oil and metals prices, and US economic problems [HONG KONG] Fear of a global slowdown has caught up with high-flying commodities stocks after a sharp decline in oil and metal prices, more gloom in the US economy
      – Reuters; BLOOMBERG  -  664 words
    • 309 11 Bloomberg Central bank's move is meant to deter speculators [DUBAI] Kuwait blocked foreign banks from trading dinars through local institutions to deter speculators, traders with knowledge of the situation said. Local banks were told they may buy and sell currency from the central bank
      – Bloomberg  -  309 words
    • 185 11 Bloomberg [NEW DELHI] World Trade Organisation (WTO) director-general Pascal Lamy will visit India next week to gauge industry views on the collapse of talks on a global trade agreement. "Lamy is scheduled to visit India on Aug 12 and 13
      – Bloomberg  -  185 words
  • Page 11 Advertisements
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  • MALAYSIA/INDONESIA
    • 603 12  -  PAULINE NG Kuala Lumpur considering lower tariffs on highway tolls in the area By in Kuala Lumpur AFTER pressuring independent power producers (IPPs) to seriously consider a renegotiation of agreements viewed as one-sided by threatening a windfall tax, the Malaysian government appears to
      603 words
    • 2237 12 Aug5 Aug 5 RM ASM Realty 0.46 AbricBhd 0.17 Advance Synergy 0.10 Adventa Bhd 0.88 AeMuIti Hldgs 0.21 Affin Holdings 1.84 Ahmad Zaki Resou 0.71 AicCorp 0.51 Airasia Bhd 1.13 Akn Technology 0.40 Alliance Financi 2.76 Aluminium Co 1.04 Amalgamated Ind 0.52 Ammb Hldgs Bhd 3.26 Amtel Holdings
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    • 451 12 -AP [KUALA LUMPUR] Malaysia's government yesterday rejected reports that foreign workers at a local garment factory contracted by Nike Inc were mistreated and had their wages garnished. Human Resources Minister S Subramaniam said an initial probe showed that the Hytex Group
      -AP; AP  -  451 words
    • 234 12 Bloomberg [JAKARTA] Indonesia's energy ministry may scrap a rule requiring PT Perusahaan Gas Negara, the country's largest distributor of the fuel, to seek its approval on pricing agreements with factories and utilities. The government may also decide not to set a maximum price
      Bloomberg  -  234 words
    • 341 12 Reuters [KUALA LUMPUR] Malaysia plans to use 500,000 tonnes of crude palm oil from its swelling inventories in the next two to three months to produce biodiesel to boost faltering prices of the vegetable oil, Commodities Minister Peter Chin said
      Reuters  -  341 words
    • 527 12 [KUALA LUMPUR] Foreign fund managers are continuing to cut their exposure in Malaysia, with most saying that while the economic fundamentals remain relatively sound, the political outlook is a big concern, says a report in Malaysia's Business Times. "Malaysia actually remains a pretty attractive
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  • GREATER CHINA
    • 733 13 Bloomberg Political backlash feared if German lender is sold to non-European buyer [HONG KONG] China Development Bank is competing with Commerzbank AG to buy Allianz SE's Dresdner Bank, Germany's third-larg-est lender by assets, three people familiar with the matter said. China Development
      – Bloomberg  -  733 words
    • 340 13 AFP [BEIJING] China's state media said yesterday that an attack in the Muslim border city of Kashgar that reportedly left 16 police dead was "likely" carried out by the banned East Turkestan Islamic Movement (ETIM). "ETIM likely to be behind terror attack," said a headline
      AFP; REUTERS  -  340 words
    • 176 13 Reuters [WASHINGTON] US technology giants Microsoft Corp, Google Inc and Yahoo Inc, in talks with other Internet firms and human-rights groups, have reached an agreement on a voluntary code of conduct for activities in China and other restrictive countries,
      – Reuters  -  176 words
    • 180 13 Bloomberg [NEW YORK] China Mass Media International Advertising Corp, an ad company for China's largest television network, fell 4.4 per cent in its first day of trading on the New York Stock Exchange. China Mass Media fell 30 US cents to US$6.5O at
      Bloomberg  -  180 words
    • 740 13 ■AP President Hu reins in hawkish elements on Taiwan, Japan [BEIJING] Until recently, the sight of a Japanese warship steaming toward Chinese shores or of a Chinese aircraft swooping low over Taiwan would have provoked alarm across Asia. But when Japan's navy made
      ■AP  -  740 words
    • 344 13 AFP, Bloomberg [TAIPEI] Taiwanese annual inflation in July hit 5.92 per cent marking the highest level in nearly 14 years, the government said yesterday, bolstering expectations of another interest rate hike. The consumer price index was 0.66 per cent up in July
      AFP, Bloomberg  -  344 words
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  • INDIA
    • 584 14 Reuters They ride on soaring trade in metals and energy, despite a ban on farm futures [MUMBAI] Surging trade in metals and energy has propped up Indian commodity exchanges despite a ban on farm futures, and volumes are set to grow even more as investors
      ■ Reuters; BLOOMBERG  -  584 words
    • 293 14 Bloomberg Purchase will add 15 customers in the US, says Aegis BPO [BANGALORE] Essar Group, which operates steel, oil and cell-phone businesses in India, said its back-office services unit will buy US-based People Support Inc for US$25O million in cash to add customers
      – Bloomberg  -  293 words
    • 8566 14 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.025/ AIGIF Spore Bond Fund/ A 1.338/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.89/ APS Alpha Fund (USD) 0.65/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.975/ APS Komaba
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  • ASIA-PACIFIC/WORLD
    • 412 15 Bloomberg Earnings beat estimates; corporate lending in India and HK boosts results [LONDON] Standard Chartered pic (Stanchart), the UK bank that earns most of its money in Asia, has said that first-half profit rose 31 per cent, helped by corporate lending in India
      – Bloomberg  -  412 words
    • 647 15 Reuters Split would erode its broadband market share, hurt margins [MELBOURNE] Australia's dominant phone company, Telstra Corp Ltd, is set to come under government pressure to split up its business units along the lines of similar break-ups of phone companies in New Zealand and
      ■ Reuters  -  647 words
    • 440 15 Reuters, AP [SEOUL] The loss of Booger the pit bull terrier was almost more than Bernann McKinney could bear. Now she is happy, minus US$5O,OOO and her house, and owner of five cloned Booger puppies. "It is a miracle for me because
      Reuters, AP; PHOTOS: AP  -  440 words
    • 194 15 ■AFP [NEW YORK] US investment bank Merrill Lynch is "well-capitalised" and is poised to return to profitability soon, its chief executive John Thain said on Monday. Thanks to the US$B.5 billion raised on the markets in late July, "we have a big
      ■AFP  -  194 words
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  • WORLD
    • 609 16 -IHT World luxury index has lost about a third of its value from peak last year [PARIS] The global leaders in luxury goods are posting decent earnings and issuing relatively positive forecasts despite the gloom spreading over Western economies. But try telling
      -IHT; REUTERS  -  609 words
    • 337 16 Bloomberg [LONDON] Barclays pic, the UK's third-biggest bank, agreed to sell its UK life-insurance unit to Swiss Reinsurance Co for £753 million (552.03 billion) as it seeks to fund growth in faster-growing overseas markets. "Swiss Re will acquire approximately 760,000 life-insurance and
      – Bloomberg  -  337 words
    • 493 16 Bloomberg [PARIS] Societe Generale SA (SocGen) managers were aware of Jerome Kerviel's trading and a police report given anonymously to the press last week that says otherwise is incomplete, a lawyer for Kerviel said. Kerviel's unauthorised bets led to a record 4.9
      – Bloomberg  -  493 words
    • 337 16 Bloomberg [NEW YORK] WCI Communities, the homebuilder whose chairman is billionaire investor Carl Icahn, filed for Chapter 11 bankruptcy protection after failing to obtain new financing and losing 90 per cent of its value in the past year. "Like in all distressed industries,
      – Bloomberg  -  337 words
    • 682 16 Reuters Their earnings may take at least a year to recover [NEW YORK] A year after the global credit crisis erupted, credit rating agencies still face a long process of restoring reputations and profits that took a century to build. In 1909, a young entrepreneur
      – Reuters  -  682 words
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  • Page 17 Advertisements
    • 69 17 f' jß^Bk m x'jfr B«.# B Jfl^^^ -J I I at Draycott H People are raving about The Arc at Draycott. I The recently completed signature residence by BS Capital Group I at the prestigious Ardmore Park Draycott enclave. I The BS Capital Group would like to thank all purchasers
      69 words

  • Page 18 Advertisements
    • 694 18 BJ BB BB BB BB BB BB 111 BBJ BBJ BBJ BBJ BHI BHI I W BS Capital Group has earned great renown for property developments that perfectly marry the ideals of form and I I MM function, bringing to market, a class of distinguished residential options. I I 1
      694 words

  • AVIATION
    • 564 19 Risk: Oil may drift below current price they guaranteed with hedging deals [CHICAGO] US airlines are cheering a steep decline in the price of jet fuel since mid-July, when crude oil prices began a nearly US$27-per-barrel descent, but that good news
      REUTERS  -  564 words
    • 533 19 Bloomberg [HONG KONG] Cathay Pacific Airways is getting an unanticipated benefit from record jet fuel costs that have helped push the shares down almost 30 per cent this year. Hong Kong's largest airline flew 14 per cent more passengers in the first half
      Bloomberg  -  533 words
    • 170 19 Reuters [PARIS] Air France KLM, the world's biggest airline by passenger numbers, said yesterday its first-quarter net profit more than halved due to a spike in oil prices and an economic slowdown. The net profit fell 59.4 per cent to 168 million euros
      Reuters  -  170 words
    • 356 19 Move deepens rift between Port Authority and US Transportation Dept [WASHINGTON] New York's three major airports, the most congested in the US last year, will block federal regulators' plan to auction off landing rights by denying airlines access to ground facilities.
      356 words
    • LOGBOOK
      • 74 19 Bloomberg [BOSTON] Boeing Co, the second largest US defence contractor, and Raytheon Co may sell Australia F/A-18 fighter jet support services and equipment valued at as much as US$l.5 billion. In addition to technical services, the sale may include sidewinder missiles, electronic warfare countermeasure
        Bloomberg  -  74 words
      • 60 19 Bloomberg [SINGAPORE] Tiger Airways Pte, the budget carrier partly owned by Singapore Airlines Ltd, said it chose Adelaide as its second base in Australia. The airline will open the hub in the city from January and will position two Airbus SAS A
        Bloomberg  -  60 words
      • 104 19 -AFP [KUALA LUMPUR] Malaysian long-haul budget carrier Air Asia X yesterday denied it was considering charging passengers according to how much they weigh. An Australian executive with the airline had been quoted as telling a travel industry magazine that an initiative to charge larger
        -AFP  -  104 words
    • 2561 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY IN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd BO Bouraq Airlines (BOU), BR EVA Airways Corpn
      2,561 words
  • Page 19 Miscellaneous
    • 368 19 CRYPTIC CROSSWORD ACROSS 7 In favour of music making a ■■VBI HH^ HY* HH^ HH^ HVhV lot of money (7) |B|^l Hfll by swimmer (7) hh mm mm^ mm^ mm^ mh^ 10 Travelling around to organ- HJ HJ HJ 9J H HJ| 11 American tucking into his ex- mJ hJ
      368 words

  • SHIPPING
    • 1065 20  -  DAVID HUGHES STRAIT TALK Raise awareness quickly of the dangers of working in enclosed and confined spaces without safeguards By ONCE again I turn to one of the most depressing subjects involving modern shipping. Despite countless warnings and information campaigns and the best efforts of many in the
      1,065 words
    • 336 20 Bloomberg [SINGAPORE] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipbuilder, led declines among shipyards trading in South Korea and Singapore on concern new orders are slowing. Daewoo Shipbuilding dropped 3.7 per cent to 34,150 won, the lowest price in more than four months,
      – Bloomberg; BLOOMBERG  -  336 words
    • 412 20 [MANILA] A joint expert team from the European Union (EU) and the United Nations (UN) on Monday warned of huge environmental disaster in the waters of the Philippines' central province of Romblon following the sinking of an ill-fated ferry. The MV Princess of the Stars,
      412 words
    • TRANSPORT STOCKS
      • 107 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.58 0.36 2.74 0.76 1.90 1.22
        107 words
      • 36 20 '000 Uig Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.80 8.85 8.80 3.68 3.00 0.17 0.12 0.05 unch 0.10 unch -0.04 0.01 -0.01 4; 31 120: 50' 21 92!
        36 words
      • 12 20 ■oo 'recious Ship Regional Cont 19.50 14.80 -0.10 0.10 1361 24!
        12 words
      • 11 20 '000 Doil iingamas Cont 31.10 1.83 -1.70 -0.09 326! 1201
        11 words
      • 22 20 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.10 30.00 unch 1.58 0.30 0.50 unch 0.08 1111 1312 0 40
        22 words
      • 17 20 Evergreen Marine ...19.90 :irst Steamship 54.20 /Van Hai Lines 17.55 unch -4.00 -0.25 11 3 5
        17 words
      • 38 20 '000 Yen Vol :awasaki Hvylnd...242.00 -2.00 ***** :awasaki Kisen 780.00 12.00 ***** Mitsubishi Hvy 496.00 -2.00 ***** Mitsui Eng&Sbldg ..282.00 -21.00 ***** Mitsui Osk Lines ..1269.00 -19.00 ***** Jippon Express 469.00 5.00 3567 JipponYusen 863.00 -1.00 8968
        38 words
    • 264 20 Bloomberg [HONG KONG] Pacific Basin Shipping Ltd, Hong Kong's largest operator of dry-bulk vessels, gained the most in almost a month after posting a better than expected first-half profit on China's rising demand for coal and iron ore. The shipping line's shares climbed
      – Bloomberg  -  264 words
  • Page 20 Advertisements
    • 121 20 Find of the day: 5 out of 10 illiterate 1958 W^ $5 sOandqeta PULSES out now! The August issue of Pulses is now at the newsstands! Find out more about: Cover story: Is the Beijing 2008 an Olympian mirage? Corporate analysis: F&N's unique business mix Freight Link's rise from zero
      121 words

  • EDITORIAL & OPINION
    • 501 21 IN less than a month, crude oil prices have fallen almost 20 per cent. After scaling a record US$l47 per barrel on July 11, they are now hovering at just under US$l2O. Why is this happening and where are prices headed from here? Some
      501 words
    • 1143 21  -  JOE MCDONALD AP But Feng Jun concedes challenge of levying brand-name prices for made-in-China goods By HIS company's gadgets are barely known abroad. But Aigo CEO Feng Jun, a boyishly exuberant walking advertisement for the fast-growing Chinese electronics maker, is out to
      AP  -  1,143 words
    • 779 21  -  FRANK CHING THE BOTTOM LINE NORTH Korea's recent behaviour, including the killing of a South Korean tourist who wandered into a restricted military area and now a threat to expel South Koreans who work at the tourism site, indicates that there
      779 words
    • 1157 22  -  LEON HADAR Unfortunately, isolationism, protectionism and xenophobia are alive and kicking in the US, including among many Democrats who belong to the Obama coalition but regard China and the rest of the emerging markets as a 'threat' to America's economic security. His internationalist vision and
      REUTERS  -  1,157 words
    • 854 22  -  ANDY MUKHERJEE Bloomberg A BIG part of India's strategy to combat inflation this year hinges on expectations of a bumper harvest of its autumn crop, which depends mostly on rain. Predicting it, is therefore, very tricky. The cumulative rainfall during the first
      Bloomberg; AP  -  854 words


  • SINGAPORE STOCKS
    • 5727 23 Transaction date: Aug 5 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Hij 52-wks Tel )h Low Code Com[ Last Sale Vol Day < Last Quote Div GrYld Net ('000) High Low
      5,727 words
    • 70 23 52-Wk Tel High Low Code Last Sale Vol COOP) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 ISMSCI Spore 6101 ISS&P5OO 6170 SPDRS 398.3 288 6009 STI ETF
      70 words
    • 1801 23 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote Low Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi Hii 20 11.5 1181 s AAGrp 31 15 5000 s ABRHIdgs 32 18 8538 s APStrategic 10 2.5 1501 s Advanced System 38 19 3518
      1,801 words
    • 207 23 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
      207 words
  • Page 23 Advertisements
    • 31 23 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JB& ||g< 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. l^^^^^H ';V;JI Internet: Http://www.audemarspiguet.com i^^** II fl^K'^O
      31 words

  • FINANCE & COMMODITIES
    • 366 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug4 World Index Preliminary 938.7 -0.7 -17.1 -0.7 -19.4 -0.8 -15.6 EAFE Preliminai 885.0 -1.0 -21.0 -0.9 -21.5 -1.0 -17.7 Euro[ Prelim inan 1202.6 -0.7 -22.1 -0.6 -22.5 -0.6 -18.7 Pacific 781.2
      366 words
    • 60 24 Aug 5 lelivery lonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low \ug 08 2804 iep 08 2745 Dct 08 2750 >Jov08 2750 fatal o/p: ***** contracts 2756 2808 2721 2750 2790 2710 2750 2787 2700 2750 2784 2699 Turnover: ***** Market tone: Lower
      60 words
    • 22 24 Aug 5 STI SIMSCI Am 352 352.2 349.3 Taiwan Aui 266.2 268.4 260.3 Source: MF Global (S) He. Ltd
      22 words
    • 22 24 Aug 5 SS Bid Offer 1-month 1.3736 1.3748 2-months 1.3715 1.3728 3-months 1.3694 1.3707 6-months 1.3639 1.3654 Source: OCBC
      22 words
    • 275 24 Aug 5 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Sep 08 Oct08 NOV08 Dec 08 Jan/Mar 09 Apr/Jun 09 417.25 411.75 409.00 407.25 404.75 406.25 RSS 3 (US cents/kg) Month Hig sb Low Sett Volume (tonnes) Open Interest
      275 words
    • 130 24 As at 9am Aug 5 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2660 1.2810 .an dollar 1.3140 1.3300 Euro 2.1230 2.1470 NZ dollar 0.9900 1.0120 iterlini ind 2.6770 2.7070 US dollar 1.3660 1.3810 Local dollars to 100 units of foreign
      130 words
    • 147 24 Aug 5 Ivernight 3/8 -month 3/4 -months 15/16 l-months 1 Overnight mode: 5/16 IS$ Offer 1/' 5/i 13/K 7/i Bk days month months months j months months >— I. (All 2.40 2.62 2.83 3.03 3.20 3.35 3.48 Offer 2.3C 2.5; 2.7: 2.9: 3.1 3.2! 3.31 Bi< month months
      147 words
    • 465 24 Aug 5 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.960 6.310 0.594 7.186 38.934 83.632 0.993 9.371 3.012 1.272 66.579 40.630 1.267 6.748 0.969 28.302 30.960 0.471 0.921 Canada 1.042 6.574 0.619 7.486
      465 words
    • 134 24 Aug 5 GOLD (USS/oz) Aug OS Aug 04 Hong Kong London 884.10 912.00 885.10 913.00 Aug 04 Aug 01 905.70 913.90 906.70 914.90 Source: Reuters CAST BAR (S$) AugOS Buying Sellinc Kilobar "42,390.19" ***** PAMP GOLD BARS (SS) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
      134 words
    • 72 24 Aug 5 mth 2.***** 0.***** mths 2.***** 0.***** mths 2.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** 2 mths 3.***** 1.***** iWAP Offer rates (S$) mth 0.***** mths 0.***** mths 1.***** O mil Ib I ,4DD I 3 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1
      72 words
    • 90 24 Aug 5 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****F 06.11.08 1-Year BY*****N 04.05.09 0.45 0.70 0.39 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year
      90 words
    • 66 24 Aug 4 I. r\r\ in/ iri iiuiii, yy.i (US$/tonne) Close Previous :ash 2882.00 2884.41 months 2831.00 2934.0I Copper, Grade A (US$/tonne) months 7605.00 7734.00 8073.01 7900.01 .ead (US$/tonne) :ash 1995.00 months 2001.00 2137.51 2126.01 lickel (US$/tonne) ]ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) iash months *****.00 *****.01
      66 words
    • 73 24 Aug 4 (£/tonne) Close Prev Hii ih/Low ,epO8 1501 1602 1620/1486 )ecO8 1505 1586 1600/1494 t/lar 09 1497 1576 1587/1491 day 09 1501 1581 1583/1498 lOFFEE (US$/tonne) Close Pev High/Low iepO8 2345 2430 2442/2320 Mov08 2296 2380 2390/2280 Ian 09 2226 2298 2304/2205 SUGAR (US tonne) White Close Prev
      73 words
    • 99 24 Aug 4 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 08 1287.00 1357.75 1331.00 1270.00 Sep 08 1285.50 1355.50 1326.00 1285.50 Nov 08 1295.00 1365.00 1338.00 1295.00 Jan 09 1313.00 1383.00 1355.00 1313.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO8 54.10 56.61 55.50 53.55 Sep
      99 words
    • 75 24 CRUDE OIL PRODUCTS Aug 4 origin] (/barrel Close Cham irent blend (1-Mth F) 122.48 -2.35 WTI (Near Mth) 121.18 -3.83 iubai (1-Mth F) 122.67 2.24 "apis blend 134.1 2.3 i/linas 129.4 2.2 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 117.40 150.45 2.05 -0.35 JS$/barrel )pec Oil Basket Price
      75 words
    • 157 24 Aug 5 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2667 1.2680 0.9206 0.9209 Canadian dollar 1.3194 1.3209 0.9590 0.9593 Euro 2.1325 2.1342 1.5499 1.5500 NZ dollar 0.9957 0.9970 0.7237 0.7241 iterlin. md 2.6904 2.6928 1.9554 1.9557
      157 words
    • 298 24 Aug 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.1500 96.9250 96.8350 96.6700 ***** ***** 5920 3541 EUROYEN TIBOR FUTURES SepO8 99.160 99.165 DecO8 99.160 99.165 MarO9 99.155 99.155 JunO9 99.110 99.125 SepO9 99.075 99.075 DecO9 Mar10 Jun10 99.160 99.160 99.150 99.100
      298 words
    • 1495 24 BONDS WARRANTS Tel Code Company Tel Code Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left DBS DB ECW*****2 14 3742 DBS DB EPW*****8 22.5 -2.5 10 4 20 0.0 2050 0.1 2070 4 1 SIASGAEPW*****1 4163 SPC DB ECW*****5 15 0.5
      1,495 words
  • Page 24 Advertisements
    • 134 24 wk Weakening U.S. dollar Increase in fund activity and speculative interests f*l"l 1/*!^ W^^ r£r*mM *Otk- Geopolitical tensions in oil-producing countries Livlw X^ll M^^m^r Increase in oil product demands from emerging markets to Successive Records... W\ Re9Uatory measures bywatchdo9 age ces Let our specialized Energy Desk help you discover ways
      134 words

  • Page 25 Advertisements
    • 2753 25 m The Business Times mmm Shipping times m\\ H KPfl B^jffff|!ffnHWßJaTff»!W!nßH»Bl B^ T WAN HAI INTERNATIONAL PTE LTD crno **********0/r B^^ BfE BBi^^BEffifliSß^^B^ln^^nilßl ■■>>.■ TEL:*****588 (14LINES) FAX:*****163 Bl™l M •^CT^lSry^f^B Eaanaaafl mmWmWS^mWSBBBSmWu \\\M 1 WAN HAI INpN Cusroinet Setvi<e/Bookings Dite<l Line (1800) *****200 Imw a rfi 11 lIIKSjS 1 I
      2,753 words

  • Page 26 Advertisements
    • 3373 26 l^ RICKMERSLINIE Round-the-WoHd PecH String Service I| F^ EASTERN CAR LINER, LTD lfW £j O 3S^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com lU C I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I ,„rr„, v rvnnrcc cam imp cnurnin r USA Service n WbbKLY bXrnboo oAILINu oUHbUULb Vessel
      3,373 words

  • Page 27 Advertisements
    • 4801 27 WmM Hl3 HH H IB A?£sRg§Hr niM #2 ,-ZS£S Ifa glory navigation groupl W^S^M IfiiP ffiHf Mil MH RMi NORTH WEST EXPRESS LINE ®>£4fctß3J*%f&.4i-*} MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES (SINCE 1970) ■Pffl! I VESSEL I VOY Singapore Fremantle Cocos Island Christmas Island Pasir Gudang
      4,801 words

  • MOTORING
    • 700 28  -  SAMUEL EE Demand in first six months of 2008 soars 68% with 495 cars sold By 2007 saw a 34 per cent increase in Rolls-Royce Motor Cars' revenues and this year is expected to return a similar figure on the continued strong demand
      700 words
    • 400 28  -  SAMUEL EE By NOT all petrol is the same and oil company Shell has been hitting the road with a Ferrari Formula One car to drive that message home. Shell has been Ferrari's partner for more than 60 years and has developed
      ARTHUR LEE  -  400 words
  • Page 28 Advertisements
    • 249 28 J* V©*L IDISCOVER 11^-| THE > YOURSELF! I r ;li big sn*s Bll^g 1B Hi (IN ENGLISH) 4 J I BUT nDTHXHC TH^T SHE CAn'T HAnOiE!! K^^jliJ With just a birth date, Blvf l^ir=tl get tO knOW your: BJM SS Be Tune in to the New Morning Show. CharactPr dgn^gm^g^^hhiiia■■■■Hl
      249 words

  • EXECUTIVE MONEY
    • 672 29  -  CONRAD DE AENLLE 29 By Mining stocks' fall began even though raw materials' prices were still climbing YOU might expect a company's stock to fall after a decline in the going rate for its main or only product. So the recent dives in
      29; REUTERS  -  672 words
  • Page 29 Advertisements
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      120 words

  • EXECUTIVE MONEY
    • 1411 30  -  808 DOLL It's not clear whether economic and financial conditions will improve sufficiently to warrant a more aggressive stance By THE US economic and financial environment remains troubled, but it is important to emphasise that the economy is still growing. It is doing better
      REUTERS  -  1,411 words
    • 1106 31  -  MICHAEL PREISS The land of the samba is still unfamiliar to many Asian investors, which could well be a strategic mistake GOLDMAN Sachs made the BRIC acronym Brazil, Russia, India and China a household name. And this year, Brazil has been the star performer
      AFP  -  1,106 words
    • 1102 32 It's not a question of how much you earn that makes you wealthy, GENEVIEVE CUA discovers WEALTH is often measured by a posh home, luxury car, several private bank accounts, and a fat salary. But Paul Clitheroe, probably one of Australia's
      YEN MENG JIIN  -  1,102 words
    • 287 32 On stocks: 'If shares have fallen 20 per cent, my advice is to buy some. For all I know they could be 20 per cent cheaper in a year's time. But we're buying based on global demand. Bank stocks are 40 per cent cheaper than a
      287 words
  • Page 30 Advertisements
    • 81 30 I t^T^BB §!^R m^^mr'mmmMMt MMMMtm^. jC.'"'Jjki J^B _^^B^| E Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a different point of view. Bringing together new partners to achieve results that can
      81 words
    • 31 30 DRAW ©H o o ©j|j at 9.30pm Toto tickets from Top 8 Winning Outlets in exclusive $188 Pack! 8,888 packs on sale only 88 branches from 6 Aug. While stocks last.
      31 words

  • Page 31 Advertisements
    • 1168 31 ADVERTISEMENT AIA unveils funds private sdlutidns with private bank by ai g ac v i S ory service AIA has launched a series of BAp* *V^H portfolios designed to give investors a taste of asset allocation and investment I advisory by a private bank. The "Private Solutions" V>> A series
      1,168 words

  • Page 32 Advertisements
    • 1488 32 CITY DEVELOPMENTS LIMITED I nSiiSsSir| IN THE MATTER OF I in the matter of I m Aua»>- IO APPLY FOR RELEASE TUEfVM/lIiAMIEr *f>T rMJABTCB CA THE COMPANIES ACT, CAP. 50 w V LOST SHARE CERTIFICATES leong seng hin piling pte ltd THE COMPANIES ACT, CHAPTER 50 AND X ft NOTICE
      1,488 words

  • RISK AND RETURN
    • 1486 33 MICHELLE QUAH looks at how the region can capitalise on the shift in global economic power and the challenges ahead THE first two parts of our four-part series looked at the various challenges posed by an evolving risk environment to economies and businesses. Today, in the
      REUTERS  -  1,486 words
  • Page 33 Advertisements
    • 358 33 J ILTIIMfrwJITI^ < la™ jE' le^Jß* ISAM ISWG *0M i«0 AOM Ift.bH '^■B^^fi^ iWO M-™ IiCM '■flpl 'kSc^^l^^B IMSSI* Sl^gPlbiaiH ?I.OH K.WS I.R99SJ kI^B I^R^HBI ■Jeß Wo's W-™ if^ *,-6'S W *,JB* ""^SBf* wi^F f^^^^^^j^^^^£. mora Tjmiw i JMIiSIIWRI^2IiCI|a 4.(*t »om m.om tfß_u—Bß^AMg ;ao» a.iKM »uo m.iMo w*aPE!sKii__3^^B M*M* i»OM
      358 words