The Business Times, 7 August 2008

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg 9m a Singapore press holdings publication CO REGN NO *****2868E MICA (P) 122/12/2007 Thursday,August7,2ooB
    23 words
  • 928 1  -  ANDREW MARKS It grounds the hawks on inflation as growth is too fragile for rate hike By in New York SINCE enacting the last of its seven consecutive interest rates cuts in March in response to the sharp housing crash and
    928 words
  • MARKETS DIGEST
    • 29 1 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 Source: Bloomberg
      Bloomberg  -  29 words
    • 42 1 Inesi iam 1COMP 1,133.59 +4.73 IIKKEI225 13,254.89 +340.23 IANG SENG Closed ;et index 676.35 +9.23 JAKARTA COM P 2,187.20 +1.59 IANILACOMP 2,697.21 +94.83 ;eoulcomp 1,578.71 +43.17 ;henzhen b 431.12 -2.71 IUMBAI IND 15,073.54 +112.47 12 noon EDT Change )OW 11,598.59 -17.18
      42 words
    • 37 1 IS$ (S$ per US$) 1.379 (US$/S$ per 1.957 2.697 :URO (US$/S$/E) 1.550 2.136 'EN 108.30 78.60 3.277 2.377 IK$ 7.805 5.662 !AHT 33.61 24.38 lUPIAH 9,073 6,581 1ENMINBI 6.849 4.969 INDIAN RUPEE 41.99 30.46 1.090 0.790
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  • 719 1  -  SIOW LI SEN They enter private banks' turf to advise on wealth distribution instead of accumulation By [SINGAPORE] Asia's rich and high net worth clients have long been wooed by private banks. Now insurance companies have also set their sights on them. Prudential
    ARTHUR LEE  -  719 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 58 1 PROPERTY AVIATION BizlT BE INSPIRED Rising building cost squeezes Cathay posts first Software maker CA Zap for daily inspiration, mass market projects more K^^ loss in 5 years completes S'pore revamp Win a Zegna Sport i-Pod Jacket! PAGE 31 fi PAGE 18 PAGE 20 PAGE 7 REACTIONS COMMENTS The Fed
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  • TOP STORIES
    • 399 2  -  LEE U-WEN YOUTH OLYMPIC GAMES Overruns at 2V2 times budget lOC says, adding Spore has no time to lose By [SINGAPORE] The decision to move the venue of the Youth Olympic Games (YOG) village just six months after Singapore successfully clinched the hosting rights
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    • THREE MINUTE DIGEST
      • 56 2 SINGAPORE should "replicate" itself in other parts of the world to maintain its global competitiveness, says a former adviser to the Singapore government. According to business and corporate strategist Kenichi Ohmae, the Republic should "adjust her strategic role" and move on to a new phase
        56 words
      • 56 2 SEMBCORP Industries yesterday announced a second-quarter net profit rise of just 6.6 per cent to $138.2 million from $129.6 million in the year-ago period on lower earnings from both its utilities and environment businesses. Turnover rose 28.8 per cent to $2.58 billion from
        56 words
      • 63 2 VENTURE Corporation's net income fell for a third straight quarter, as the weakening US dollar and collateralised debt obligation (CDO) investment losses continue to dent the bottom line. Net profit attributable to shareholders for the three months ended June 30 fell to $65.6 million, down
        63 words
      • 50 2 STARHUB's second-quarter net profit fell a sharp 20.5 per cent to $64.2 million due to aggressive marketing to retain mobile phone customers. Earnings per share fell to 3.76 cents from 4.48 cents for the three months to June 30. COMPANY NEWS, PAGE 7
        50 words
      • 62 2 WHEN it comes to dishing out punishments to companies guilty of anti-competitive practices, simply fining them is not a good enough deterrent to ensure that they learn their lesson. So says Philip Collins, chairman of the Office of Fair Trading (OFT) in the UK,
        62 words
      • 56 2 JAPAN'S government has said that the economy is "deteriorating", acknowledging for the first time that the country's longest post-war expansion has probably ended. "There is a high possibility the economy has entered a recession," Shigeru Sugihara, head of business statistics at the Cabinet Office
        56 words
      • 45 2 MALAYSIA'S Minority Shareholder Watchdog Group has slammed Maybank's proposed purchase of Bank Internasional Indonesia as imprudent, saying Maybank's board of directors should step down if the bank has to forgo its RM4BO million (*****.9 million) deposit. MALAYSIA/INDONESIA, PAGE 12
        45 words
      • 66 2 THE Federal Reserve said on Tuesday that it would allow China's largest lender, the Industrial and Commercial Bank of China, to open its first US branch in New York. The Fed said in approving the application that the ICBC branch would
        66 words
    • 469 2  -  SIOW LI SEN Both banks post double-digit gains in profits and loans for H1 2008 By [SINGAPORE] HSBC and Standard Chartered have posted stellar results for their Singapore business with strong double-digit gains in profits and loans for the first half of 2008. Local banks,
      469 words
    • 401 2 PHOTOS: XINHUA, AFP Equestrian events in Hong Kong may be disrupted; horses diverted elsewhere [HONG KONG] Hong Kong closed government offices and schools yesterday as the outer bands of Storm Kammuri buffeted the city, which is scheduled to host Olympic equestrian events later
      PHOTOS: XINHUA, AFP  -  401 words
    • 219 2 -AFP [WASHINGTON] The following is the full text of the statement issued on Tuesday by the Federal Open Market Committee in announcing it would keep the base federal funds rate anchored at 2 per cent: "The Federal Open Market Committee decided today to keep its target for the
      -AFP  -  219 words
    • 675 4 -NYT US authorities say 41m credit debit card numbers stolen [BOSTON] Federal prosecutors have charged 11 people with stealing more than 41 million credit and debit card numbers, cracking what officials said on Tuesday appeared to be the largest hacking and
      -NYT  -  675 words
    • 394 4  -  LEE U-WEN Maintain global competitiveness by spreading Spore 'models' in the world By [SINGAPORE] Singapore should "replicate" itself in other parts of the world to maintain its global competitiveness, says a former adviser to the Singapore government. According to business and corporate strategist Kenichi Ohmae,
      394 words
    • 461 4  -  ONG BOON KIAT By [SINGAPORE] An US$ll.7 million restructuring charge has dragged Creative Technology to its biggest loss in nine quarters, as revenue fell 15.6 per cent from a year earlier. The homegrown tech giant posted a net loss of US$3l.7 million for the
      461 words
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  • Page 3 Advertisements
    • 1234 3 TARGET PROPERTIES rpigQlpi rpp Sharing Asia's Growth f^ Singapore Hong Kong Japan Malaysia China South Korea trust N CtA 11 >T«7aJ I■] J 1 Ta\? ?J At DBS Bank (incluc|in9 POSB)'OCBC Bank and/or UOB ATMs itSlU»SMiil■]■ KWIJIJ closing date: 13Augu5t2008,9.30 p.m. J the laws of the Republic of Singapore) _y
      1,234 words

  • Page 4 Advertisements
    • 450 4 Regional Perspectives on Transfer Pricing 17 October 2008 9.00 am to 5.30pm Grand Hyatt Singapore In an increasingly global business environment where companies invest and distribute their activities across borders, companies cannot but ensure that their transfer pricing policies and practices must remain robust and relevant to the tax regime
      450 words
    • 328 4 SINGAPORE REINSURANCE CORPORATION LIMITED (Company Registration No. *****0016 C) SUMMARY ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2008 (I) Key Unaudited Financial Figures (SS'OOO) GROUP Ist Half Ist Half lncr/(decr) 2nd Qtr 2nd Qtr lncr/(decr) 2008 2007 2008 2007 Profit Loss Items Revenue 42,590 40,110 6.2
      328 words

  • COMPANY NEWS
    • 434 5  -  VINCENT WEE Lacklustre results due to lower profits at environment and utilities businesses By SEMBCORP Industries yesterday announced a sec-ond-quarter net profit rise of just 6.6 per cent to $138.2 million from $129.6 million in the year-ago period on lower earnings from
      434 words
    • 673 5  -  R SIVANITHY AS VOLATILITY in stock markets increases, so it seems does demand for vo-latility-based products. The frontrunner in the market for volatility is the Chicago Board Options Exchange (CBOE) which, by the end of July, had agreements with India's National
      673 words
    • 454 6  -  WINSTON CHAI Declining value of US$ and CDO investment losses cited By VENTURE Corporation's net income fell for a third straight quarter, as the weakening US dollar and collateralised debt obligation (CDO) investment losses continue to dent the company's bottom line. Net
      454 words
    • 275 6 AT d gldllCe 6 months ended June 2008 3 months ended June 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (Sim) (Sim) CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG (S$m) (S$m) 1 Sembcorp Ind 261.29 258.28 1.2 4733.41 3851.58 22.9 138.18 129.60
      275 words
    • 354 6  -  CHOW PENN NEE By INTER-ROLLER Engineering found itself in loss territory for the second quarter of the year as revenue plunged by more than half and the group faced cost pressure. The three months to June 30 saw the systems design specialist posting a
      354 words
    • 359 6 Reuters, Bloomberg SHARES of DBS Group Holdings, South-east Asia's largest bank, climbed as much as 1.2 per cent yesterday to recoup some of Tuesday's 3 per cent drop after analysts calmed investor worries about potential losses on risky debt. The stock rose to a
      Reuters, Bloomberg  -  359 words
    • 299 6  -  AMIT ROY CHOUDHURY By COSCO Corporation (Singapore)'s Ji Hai Sheng has stepped down as vice-chairman, president and executive director of the company with effect from today. In an announcement last night, Cosco Corporation (Singapore) said the reason for his stepping down is retirement. It
      299 words
    • 408 6 Reuters [SINGAPORE] Asian airline stocks, some of which have plunged by as much as 70 per cent this year, may offer a short-term investment opportunity after a drop in oil prices is set to take some pressure off profits. Gloom for the
      ■ Reuters; AFP  -  408 words
    • 314 7 [MANILA] Globe Telecom, the Philippines' second-largest phone company, said yesterday that it expects low single-digit growth in revenue this year as rising annual inflation squeezes demand. Globe, owned by local conglomerate Ayala Corp and Singapore Telecommunications, saw its revenue grow 11 per cent last
      314 words
    • 599 7  -  SIOW LI SEN Telco lowers revenue growth, ebitda margin guidance for 2008 By: STARHUB's second-quar-ter net profit fell a sharp 20.5 per cent to $64.2 million due to aggressive marketing to retain mobile phone customers. Earnings per share fell to 3.76 cents from
      BLOOMBERG  -  599 words
    • 487 9  -  CHEW XIANG Revenue soars 139% to record $108 m; group sees smaller forex gain By WATER treatment group Hyflux has quadrupled its net profit to $22.6 million for the second quarter ended June 30, from $5.5 million for the year-ago period. Revenue rose 139
      487 words
    • COMPANY BRIEFS
      • 45 9 OUHUA Energy Holdings issued a profit guidance yesterday. It said that it expects the net profit of the group for the second quarter of 2008 to be lower than that for the corresponding period in 2007 by about 99 per cent.
        45 words
      • 119 9 JES International Holdings warned yesterday that it will not be able to meet its earlier forecast that its net profit for HI 2008 will exceed the US$ll million achieved in H*****. The further weakening of the US dollar against the Chinese yuan in
        119 words
      • 102 9 ARA Trust Management (Suntec) Ltd, the manager of Suntec Real Estate Investment Trust (Suntec Reit), said that Moody's Investors Service has restored Suntec Reit's rating outlook to stable, and also affirmed its "Baal" corporate family rating and "Baa 2" unsecured debt rating. This follows Suntec
        102 words
      • 82 9 CHINA Zaino International, a major backpack company in China, posted a 69 per cent net profit increase to 212.6 million yuan (5542.7 million) in the first half of 2008 on the back of a 66 per cent revenue increase to 1.05 billion
        82 words
    • 355 9  -  EMILYN YAP First-half topline performance hit by a weak Ql, says firm By PERFORMANCE has taken a wintry turn for quickfreeze food producer Synear Food Holdings. The China-based firm yesterday reported net earnings of 74.7 million yuan (Ssls million) for the second quarter
      355 words
    • 277 9  -  AMIT ROY CHOUDHURY By LOCAL IT company, DMX Technologies, has bagged a smartcard-less digital cable TV (CATV) contract from Shaanxi Provincial Cable TV Network (Shaanxi CATV) in China. Shaanxi CATV is the first provincial cable TV operator to be listed in China. The
      277 words
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  • Page 6 Advertisements
    • 346 6 19 Aug 2008 The St. Regis Singapore www.tpgi.org/liquidity2ooB ASIA'S MOST HIGH-PROFILE BUSINESS FORUM FOR FINANCIAL PROFESSIONALS! The most renowned event of the year with influential names in the financial industry addressing the toughest questions relating to the global liquidity crisis, rating agencies' methodologies and challenges in risk management. "The" platform
      346 words

  • Page 7 Advertisements
    • 24 7 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 0 MATS NOTICES
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      446 words

  • SINGAPORE MARKETS
    • 569 8  -  R SIVANITHY STOCKS But index's early 40-point gain cut by typhoon in Hong Kong and flat Europe opening AS CORRECTLY predicted in yesterday's column, Tuesday's market reversal was indeed thanks to buying ahead of an anticipated Wall Street rally the US market
      Bloomberg  -  569 words
    • 94 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 2 5 0 0 0 8 2 5 lanufacturini 53 57 56 60 63 65 Commerce 21 18 14 27 20 20 "pt/Stor/Comms 25 25 10 ■inance 18 19 instruction 13 16 'roperties 18 12
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    • 118 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 27,095 27,095 121,110 121,110 lanufacturing 255,179 8,561 263,740 234,940 1,692 236,633 lommerce 49,857 48,334 98,191 78,711 21,170 99,881 )t/Stor/Comms 104,190 1,001 105,191 321,072 281 321,353 :i nance 48,561 48,566 557,214 557,214 lonstruction 20,444 11,096 31,540 3,249 137 3,386 'roperties
      118 words
    • 107 8 lapitaLand 5.260 -0.020 lapitaMall 3.060 +0.050 jtyDev 10.940 +0.120 losco Corp 2.700 -0.040 IBS Grp 18.740 -0.080 :&N 4.340 +0.020 Sent Intl 0.555 +0.010 IK Land 3.960 +0.040 ISH 17.380 +0.380 lardineC&C 17.480 +0.580 Ceppel Corp 10.900 +0.320 Ceppel Land 4.560 -0.040 IOL 2.750 +0.100 loble
      107 words
    • 1035 8  -  CHOW PENN NEE United Overseas Bank Aug 6 close: $20.02 DMG Partners Securities, Aug 6 UOB has reported Q2 2008 net profit of $601 million, up 2.7 per cent y-o-y and 13.5 per cent q-o-q. This is in line with our expectations. Net interest margin widened 19 basis
      1,035 words
    • 376 8 -AFP CURRENCIES [TOKYO] The dollar hit a seven-week high against the yen in Asia yesterday, but slipped against the euro as traders bet that eurozone interest rates will stay at a seven-year high this week to fight inflation. The dollar rose to 108.44
      -AFP; AFP  -  376 words
    • 4 8 DAILY
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    • 60 8 Aug 6 VALUE CLOSE IT OB/OS -512.00 -176.C IT CADI -*****.00 +58. IT 10-day MA -*****.00 -51.0' TSE ST Mid Cap 686.85 +7.1 TSE ST Small Cap 576.40 +0.9' TSE ST All Share 723.17 +6.1 TSE ST China Top 406.74 -1.0: TSE ST China 390.65 -1.9: IOB
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    • 60 8 VOLUME Golden Aqri 73,342,000 Ocean us 46,851,000 Cosco Corp 29,472,000 China Honqxinq 28,943,000 SingTel 26,221,000 DBS DBeCWOBIII7 23,724,000 ChinaEnerqy 21,508,000 Noble Grp 20,399,000 DBS MBLeCWOBI2O2 19,846,000 SunVic 16,812,000 VALUE(S) DBS Grp 244,550,254 UOB 127,485,920 SingTel 92,984,330 SGX 91,071,280 Keppel Corp 84,757,095 Cosco Corp 79,745,500 S I A
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    • 101 8 CLOSE UP IMH 3130 118.5 2.8 lardine C&C 1748 58.0 3.. China H 10US$ 1580 56.5 2. ISH 1738 52.4 2., IOBMBLJCW*****0 649 49.0 8., India Ni 10 1511 41.0 2. ilA 200 1538 40.0 2. I A 1542 36.0 2, IOB 2002 34.0 1. Cor| 1090 32.0 3.'
      101 words
    • 122 8 CLOSE DOWN DBS MBL JCW*****3 600 -58.0 -8.8 LD 10US$ 8720 -22.1 -0.2 UOBSGAePW*****4 22 -17.0 -43.6 >sia Pac Brew 1266 -14.0 -1.1 ICBC Bk5.1%NCPS 100 ***** -14.0 -0.1 ;TI 3200 BNPePW***** 58 -13.0 -18.3 ,ustland PG 118 -12.7 -7.8 IndoAi iRBeCW*****8 3.5 -12.0 -77.4 BMT 1820 -10.0 -0.5
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    • 84 8 Aug 6 CLOSE CHNG FR Aug 5 YR2008 S$ LOW S$ HIGH ISS 1.3777 -0.01 1.4542 1.3457 iuro 2.1325 0.09 2.2064 2.0474 'ounds 2.6929 0.08 2.8431 2.6568 1.2611 0.39 1.3251 1.2349 ren* 1.2700 0.59 1.4484 1.2619 lupiah* 0.***** 0.04 0.***** 0.***** !aht* 4.1003 -0.04 4.4299 4.0190
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 695 10  -  LEE U-WEN UK watchdog says fining companies for anti-competitive behaviour inadequate By WHEN it comes to dishing out punishments to companies guilty of anti-competi-tive practices, simply fining them is not a good enough deterrent to ensure that they learn their lesson. So says Philip
      695 words
    • 302 10  -  WINSTON CHAI From Jan firms need to use just one reference number By INSTEAD of having to contend with multiple reference numbers from different public sector agencies, all businesses operating in Singapore will soon be able to use a single identification code for
      302 words
    • SINGAPORE ROUNDUP
      • 80 10 CHIEF Justice Chan Sek Keong has been elected an Honorary Bencher of the Honourable Society of Lincoln's Inn, the oldest of the four Inns of Court in England. The Inns of Court are the professional associations to one of which every barrister in England
        80 words
      • 88 10 SENIOR Minister for Trade and Industry S Iswaran will be attending the 26th Asean Ministers on Energy meeting in Bangkok today. The meetings are a platform to discuss energy issues and explore areas of cooperation. The last such meeting was held in Singapore in
        88 words
      • 72 10 THE Minister for Trade and Industry has appointed Hoo Sheau Peng as chairman of the Hotels Licensing Board, effective Aug 1. Ms Hoo is a Principal District Judge with the Subordinate Courts, and has been with the Singapore Judiciary since 1993, serving in the
        72 words
    • 232 10 THE year 2007 was a great one for the arts in Singapore, with many highs and almost unbelievable growth, the National Arts Council (NAC) said yesterday. For example, Singaporeans had almost 27,000 events to choose from four times as many
      232 words
    • 366 10  - S #pore may top growth in H2 outbound travel NISHA RAMCHANDANI Thai Airways is top choice while SIA and Cathay come second By SINGAPORE is expected to post the biggest growth in outbound travel in the Asia-Pacific in the second half of this year, with a 23 per cent year-on-year
      FILE PHOTO  -  366 words
    • 288 10  -  SAMUEL EE But buyer interest for small cars still good, say dealers By COE premiums fell across the board yesterday even though some motor traders insist interest in new cars still appears to be healthy. "There is still a fair amount of showroom traffic
      FILE PHOTO  -  288 words
  • Page 10 Advertisements
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      248 words
    • 91 10 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated In Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificate in the name of Khoo Teck Quee, Deceased have been reported lost: Notice is also hereby given that the new share certificate will be issued and the original share certificate will
      91 words

  • ECONOMY WATCH
    • 627 11 Bloomberg View suggests that Japan's longest post-war economic expansion is over [TOKYO] Japan's government said that the economy is "deteriorating", acknowledging for the first time that the country's longest post-war expansion has probably ended. "There is a high possibility the economy has entered a
      Bloomberg  -  627 words
    • 1204 11 -Bloomberg WACHOVIA Corp chief economist John Silvia and Northern Trust Corp chief economist Paul Kasriel said on Tuesday that the Federal Reserve is "on hold" with interest rate moves. They spoke after the Fed's decision that day to keep the
      -Bloomberg \  -  1,204 words
    • 441 11 US INTEREST RATES: REACTIONS TO FED'S DECISION TO LEAVE RATES ON HOLD [NEW YORK] The US Federal Reserve should cut its benchmark interest rate to one per cent to boost the economy as falling oil prices reduce the threat of inflation,
      441 words
    • 433 11 46 banks expect it to remain on hold at meeting today: poll [FRANKFURT] Eurozone interest rates are likely to remain at 4.25 per cent today as European Central Bank (ECB) policy-makers confront both rising inflation and the possibility the 15-nation bloc could be
      433 words
  • Page 11 Advertisements
    • 86 11 «ICONjXl*£» gt I I T W m Singapore's I most established Y-* Chinese luxury lifestyle I 1 F magazine Hlfe Si LUXURYTIME AUGUST ISSUE BO I IS ISSIIG -—^^^^^H If U i^jnrnunau:' 111 *mm i ■Hpf"- .....1 1 1 ■^SHHIM x. ,II Make sure you get your copy of The
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  • MALAYSIA/INDONESIA
    • 470 12  -  PAULINE NG By in Kuala Lumpur Board of directors should step down if RM4BOm deposit is forfeited: MSWG MALAYSIA'S Minority Shareholder Watchdog Group (MSWG) has slammed Maybank's proposed purchase of Bank Internasional Indonesia (BII) as imprudent, saying Maybank's board of directors should step down
      470 words
    • 526 12 Reuters [KUALA LUMPUR] Malaysia's opposition politician Anwar Ibrahim is to be charged with sodomy today, potentially derailing his return to Parliament and his plans to push the government out of office. Mr Anwar, who had hoped to win a Parliamentary seat at a by-election
      ■ Reuters  -  526 words
    • 2233 12 Aug 6 Aug 6 RM A&M Realty 0.46 AbricBhd 0.17 Advance Synergy 0.09 Adventa Bhd 0.83 AeMuIti Hldgs 0.19 Affin Holdings 1.87 Ahmad Zaki Resou 0.72 AicCorp 0.52 Airasia Bhd 1.12 Akn Technology 0.39 Alliance Financi 2.78 Aluminium Co 1.04 Amalgamated Ind 0.53 Ammb Hldgs Bhd 3.32 Amtel
      2,233 words
    • 244 12 Bloomberg [JAKARTA] Indonesia's market regulator said it may ease a rule that prompted Malaysia's central bank to scrap its approval for Malayan Banking Bhd's purchase of an Indonesian bank. "There is a possibility that it can be extended with the caveat that one has to
      ■ Bloomberg; MARK CHEONG/THE STRAITS TIMES  -  244 words
    • 232 12 -AP [KUALA LUMPUR] A Malaysian confectionery maker said yesterday it has recalled a brand of candy from global markets after California health authorities found it contained unsafe lead levels. Lina Gan, a manager at Kee Wee Hup Kee Food Manufacture in southern Johor state, said
      -AP  -  232 words
    • 398 12 Bloomberg [SINGAPORE] Indonesia's rupiah rose to the highest level in more than five months on optimism inflation will slow as the central bank raises interest rates and crude oil prices fall. Government bonds gained. The currency climbed for a third day after Bank Indonesia raised
      – Bloomberg; BLOOMBERG  -  398 words

  • GREATER CHINA
    • 412 13 Reuters NY outfit will deal in wholesale deposit taking, lending and trade finance [WASHINGTON] The Federal Reserve said on Tuesday that it would allow China's largest lender, the Industrial and Commercial Bank of China ,to open its first US branch in
      – Reuters  -  412 words
    • 579 13 Reuters Police quick to snuff Free Tibet protest by foreigners [BEIJING] Euphoric Chinese crowds chanting "Go Olympics, Go Beijing" cheered the Olympic flame through Tiananmen Square yesterday at the end of its troubled global relay. Foreign protesters tried to spoil the party by
      Reuters; REUTERS  -  579 words
    • 451 13 -AP Move reflects growing concern over slowdown [SHANGHAI] China's central bank has loosened controls on lending to small and medium-size companies hit hardest by credit limits and slowing exports, state media reports said yesterday, the latest evidence of growing concern over an
      -AP  -  451 words
    • 237 13 Bloomberg [TAIPEI] Hon Hai Precision Industry Co, the world's largest contract electronics manufacturer, will sell shares in its overseas units in Taiwan and create 30,000 new jobs on the island. Hon Hai will also develop a new town to house
      Bloomberg  -  237 words
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  • INDIA
    • 434 14 Reuters Economy in FY2009 may grow 7.5-8%, inflation may drop to 8-9% by March [NEW DELHI] India's economy is expected to grow 7.5 to 8.0 per cent in the fiscal year ending March 2009, slower than the central bank's estimate, while inflation would
      Reuters; AFP  -  434 words
    • 228 14 Bloomberg [NEW DELHI] Bharti Airtel Ltd, India's largest mobile phone operator, will introduce the iPhone 3G in the country on Aug 22, part of a 70-nation rollout of the faster, cheaper upgrade to Apple Inc's mobile handset. The handsets will be sold
      ■ Bloomberg  -  228 words
    • 219 14 Reuters [NEW DELHI] An Indian court on Tuesday lifted a ban on a Muslim group accused of deadly bomb attacks, saying that there was no evidence to brand it an unlawful organisation. Since it was banned in 2001, the Students' Islamic Movement of
      ■ Reuters  -  219 words
    • 8479 14 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acoms of Asia Balanced FundlS 1.992/ AIGIF S'pore Bond Fund/ A 1.341/ APS Asset Mgt Pte Ltd APS Alpha Fund!" 0.88/ APS Alpha Fund (USD) 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9766/ APS Komaba
      8,479 words

  • ASIA-PACIFIC/WORLD
    • 514 15 Reuters Chief trader on extended leave; but Europe, US business not affected [SINGAPORE] Morgan Stanley has put its Asian fuel oil trading business on hold just a year after entering the market, highlighting the challenge for banks expanding into physical trade, industry sources
      – Reuters  -  514 words
    • 519 15 Hilton joins US presidential race (not) seriously AFP [LOS ANGELES] Paris Hilton threw her hat into the US presidential race on Tuesday, declaring her desire to campaign against "that wrinkly whitehaired guy" and threatening to paint the White House pink if elected. The blond socialite responded to Republican candidate John
      AFP; AP  -  519 words
    • 914 15 Bloomberg Analyst expects the company's stock to rise 53% in one year [SEATTLE] Microsoft Corp chief executive officer Steve Ballmer, whose botched bid for Yahoo! Inc helped drive the stock down 20 per cent since February, is about to make it up to shareholders
      Bloomberg; AFP  -  914 words
    • 193 15 Reuters [WASHINGTON] Hillary Clinton will hit the campaign trail for former presidential rival Barack Obama this month, making her first solo appearance on his behalf since he won their bruising Democratic nominating battle in June. Mrs Clinton will host campaign rallies and voter registration
      ■ Reuters  -  193 words
  • Page 15 Advertisements
    • 148 15 HF/TO DISCOVER M'Ylii YOURSELF! (INENGUSH) With just a birth date, Bid price starts from $2500 get to know your: Bidding ends 11.59pm, 10 August 2008 Character riHH |Y~ Suitable careers Lucky colours 111 1900-914-0002 WM-- "mBBBSm Callsatso.2l4cents/min I EOSSSiI {inclusive of GST) Dimensions: (W)800mm x (H)1,798mm x(D)694mm J^\ Capacity of
      148 words

  • WORLD
    • 577 16 Reuters Analysts expect BOE to leave rates on hold at 5% at this week's meeting [LONDON] Britain's economy has almost ground to a halt, the consumer spirit is evaporating and jobs are getting harder to find, surveys showed yesterday, as the Bank
      Reuters; REUTERS  -  577 words
    • 393 16 [CHICAGO] Hedge funds are known for playing many roles on Wall Street, but last-resort lender to small businesses that are turned down by banks is hardly one of them. Yet with the credit crunch pushing many major US banks to set tougher
      393 words
    • 406 16 ■Reuters [NEW YORK] Citigroup Inc is in talks with regulators to buy back more than US$5 billion of illiquid auction-rate securities and pay a fine of up to US$lOO million to settle allegations that it wrongly told customers that
      ■Reuters; AFP  -  406 words
    • 533 16 Reuters [LONDON] Sovereign wealth funds are looking less keen to live up to their recent reputation as investors of last resort, given huge investments they made in failed Western banks are turning sour one year into the credit crunch. State-owned wealth funds, which
      – Reuters  -  533 words
    • 499 16 Reuters [NEW YORK] Rupert Murdoch's News Corp reported a 27 per cent increase in its fiscal fourth-quarter net income, but said it faces a "much more difficult economic environment" in its current year that will continue to hurt local television advertising, but not
      – Reuters  -  499 words
    • 417 16 Reuters It aims to open up Latin American diamond market [PANAMA CITY] Diamond sellers are setting their sights on Latin America's increasingly prosperous middle class, which is benefiting from economic growth and stability, as US and European sales of the rare stones slow. Latin America
      ■ Reuters  -  417 words

  • SUB-PRIME CONTAGION
    • 876 17 Bloomberg Hike in adverse market delivery charge may increase costs for borrowers [NEW YORK] Fannie Mac, the largest US mortgagefinance company, will raise a fee that it charges lenders to buy their mortgages or guarantee home-loan securities, a move that may increase
      ■ Bloomberg; AP  -  876 words
    • 332 17 Bloomberg [NEW YORK] Morgan Stanley, the second-biggest US securities firm, told several thousand clients this week that they won't be allowed to withdraw money on their home equity credit lines, said a person familiar with the situation. The action mostly affected clients
      Bloomberg  -  332 words
    • 429 17 Bloomberg Suit claims the bank misled on fund's net asset value, invested in 'highly risky securities' [CHARLOTTE, North Carolina] Wachovia Corp, the fourth-biggest US bank, has been sued by investors who accuse it of mismanaging and inflating the share price of one of
      – Bloomberg  -  429 words
    • 667 17 AP S&P 500 members see profit grow by about 10% [NEW YORK] On the surface, American companies' second-quarter earnings were fairly respectable when you strip away the financial sector profits for Standard Poor's 500 members rose about 10 per cent from a
      AP  -  667 words

  • AVIATION
    • 793 18 Bloomberg It sinks into the red at half-time to touch HKs663m from '07's HKs2.sBb profit [HONG KONG] Cathay Pacific Airways Ltd, Asia's third-biggest carrier by market value, unexpectedly posted the first loss in five years after fuel costs almost doubled
      ■ Bloomberg; AFP  -  793 words
    • 178 18 Reuters [TOKYO] Japan Airlines Corp plans to cut service or reduce flights on 21 routes including ones to London this business year to battle soaring fuel costs, the Nikkei business daily said yesterday. The moves by JAL are projected to save the
      – Reuters; AFP  -  178 words
    • 138 18 AFP, Reuters [TOKYO] All Nippon Airways Japan's second-largest airline, said yesterday that it is considering cutting or suspending about 10 domestic and international routes. An ANA spokesman said that the airline is considering halting international routes such as those to Guam and Taipei,
      AFP, Reuters  -  138 words
    • 328 18 [WASHlNGTON] The contest between Boeing Co and Northrop Grumman Corp for a US$35 billion contract to provide 179 aerial refuelling tankers to the US Air Force officially began again yesterday, according to a Pentagon statement. The companies will receive a draft proposal for contract bids,
      328 words
    • 222 18 -Reuters [MELBOURNE] Final bids for the up to Asl billion (551.26 billion) privatisation of Cairns Airport Pty Ltd and McKay Airport Pty Ltd in Australia's northern state of Queensland are due in October, sources said. Shortlisted bidders for the companies, which are being
      -Reuters  -  222 words
    • 2519 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,519 words
  • Page 18 Miscellaneous
    • 245 18 CRYPTIC CROSSWORD ACROSS I I I I I I l I I I I l (7) 28 Club for the workers (5) 29 Person making an income in no end of ice on toadstool 27 Reclaim a rich piece of porcethe country! (9) (3,6) lain (5) 30 Anti-conspirator struggled 8
      245 words

  • SHIPPING
    • 559 19 Bloomberg They'll increase on demand from fleets to carry iron ore and oil, say 2 shipyards [SHANGHAI] Prices of ship plates in China, the world's biggest maker of bulk carriers, will increase to a record this year on demand from
      Bloomberg; BLOOMBERG  -  559 words
    • 247 19 Bloomberg Demand slumps as China shuts factories for Olympics [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted an 18th consecutive daily decline amid a slump in demand while China readies itself for the Olympic Games. The index tracking
      Bloomberg  -  247 words
    • 177 19 -AFP [MANILA] The captain of a Philippines ship that sank in a typhoon, killing nearly 800 people, was to blame for the disaster, an investigator said yesterday. The captain took the ship to sea despite a typhoon warning, preliminary results of an official in-
      -AFP  -  177 words
    • 146 19 -AFP [SYDNEY] Australia's biggest ports and rail operator Asciano Group, the target of a US$2.7 billion takeover bid, yesterday said that it may sell some of its assets as it reported a net loss for the year. The company, which this week rejected
      -AFP  -  146 words
    • 355 19 Bloomberg [LONDON] Supertanker owners are slowing down their vessels in response to higher fuel costs and plunging rental rates, three shipbrokers said on Tuesday. Benchmark hire rates for very large crude carriers (VLCCs) ships bigger than the Chrysler Building designed to ship 2 million
      – Bloomberg  -  355 words
    • 428 19 Reuters Korean yards may be pushed back by 9 months: Britannia [CHICAGO] Dry bulk rates should stay robust in 2009, thanks to expected shipyard delays in building new ships or refurbishing older vessels, the top executive of Britannia Bulk
      Reuters  -  428 words
    • TRANSPORT STOCKS
      • 101 19 '000 lug. 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 0.37 2.70 0.80 1.90 1.21 0.06 1.02
        101 words
      • 36 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.78 9.00 9.10 3.70 2.96 0.15 unch -0.02 0.15 0.30 0.02 -0.04 -0.02 unch 36 1161 283 181 254 20 0
        36 words
      • 7 19 ■oo 'recious Ship .20.00 0.50 1251
        7 words
      • 9 19 '000 Doil iingamas Cont 31.10 1.83 unch unch
        9 words
      • 21 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.10 30.50 unch unch unch 0.50 unch unch 317i 115i i
        21 words
      • 19 19 Evergreen Marine ...20.50 :irst Steamship 53.70 /Van Hai Lines 18.35 t'ang Ming Marine...18.75 0.60 -0.50 0.80 0.40 1.
        19 words
      • 39 19 '000 (awasaki Hvy Ind ..252.00 10.00 1574! (awasaki Kisen 783.00 3.00 894< Mitsubishi Hvy 529.00 33.00 ***** Mitsui Eng&Sbldg...290.00 8.00 2158* Mitsui Osk Lines ...1309.00 40.00 877: Mippon Express 479.00 10.00 328S MipponYusen 880.00 17.00 660: source: Reuters
        39 words
  • Page 19 Advertisements
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      53 words

  • BIZIT
    • 791 20 Reorganisation leaves CA's subsidiary with 35 workers in technical support, administrative and legal functions, reports WINSTON CHAI US-BASED software maker CA has more than halved its workforce after the dust clouds settle on a massive restructuring of its Singapore office. The firm's local reorganisation, which took
      791 words
    • 717 20  -  ONG BOON KIAT By BY 2014, pervasive and innovative infocomm technology (ICT) practices will transform teaching and learning in Singapore schools. This is the big picture promised by the Ministry of Education's (MOE) Third Masterplan for ICT in Education, unveiled on Tuesday by Minister
      717 words
    • 514 20  -  MELISSA YEO By A NEW robotics programme has been developed to aid young children in learning how to think creatively. And it could be introduced to Singapore schools this year. Developed as a joint project by LEGO Education and the Massachusetts Institute of Technology
      514 words
    • 478 20 ■AP [SAN FRANCISCO] A giant vulnerability in the Internet's design is allowing criminals to silently redirect traffic to websites under their control. The problem is being fixed, but its extent remains unknown and many people are still at
      ■AP  -  478 words

  • FOCUS: GLOBAL WARMING
    • 1237 21  -  GERARD WYNN JACQUELINE COWHIG Reuters Despite calls to rein in global warming, developing nations and rich countries alike are building more coal-fired power plants [LONDON] By and DOES coal have a future? Climate change protesters and coal traders alike say it's a daft question, but
      – Reuters; AP  -  1,237 words
    • 886 21  -  THOMAS L FRIEDMAN NYT By SOMETIMES you just wish you were a photographer. I simply do not have the words to describe the awesome majesty of Greenland's Kangia Glacier, shedding massive icebergs the size of skyscrapers and slowly pushing them down the Ilulissat Fjord
      NYT; REUTERS  -  886 words

  • EDITORIAL & OPINION
    • 514 22 SO mighty oil has been humbled, at least for now. Its apparently inexorable rise was halted a month ago, and the price per barrel has now slipped below the US$l2O watermark, its lowest point in three months. But even as economists and policymakers
      514 words
    • 942 22  -  G PANICKER Lawmakers desperate to end impasse over energy bill granting offshore drilling THE US presidential election this November will be fought over energy, even though oil prices seem to be falling as fast as they had gone up. Still, it is worth noting
      REUTERS  -  942 words
    • 806 22  -  ANTHONY ROWLEY THE BOTTOM LINE IT seems that there is wreckage wherever we look at the moment. The global financial system lies, if not exactly in ruins, then certainly in a state of considerable disarray; the world trading system likewise is
      806 words
    • 1294 23  -  KEITH STEPHENSON RICHARD WILKINS Companies would do well to adopt an integrated approach to governance, risk and compliance as a foundation By and DOPTING an integrate d approach to governance, risk A and compliance provides a foundation for developing a single corporate control framework. Based
      AP; PricewaterhouseCoopers  -  1,294 words
    • 986 23 By MICHAEL LEWIS A FEW years after Margaret Thatcher came to power and launched what at the time seemed a futile war to compel the English people to embrace business values, I found myself dazed and confused in a London corner shop.
      986 words
    • 242 23 LETTER TO THE EDITOR WE refer to the letter "Time for SGXto consider T+l settlement" by Ec Teck Siew (BT, Aug 1). Mr Ec proposes that SGX consider a shorter settlement period as a means to tackle risks associated with naked short selling
      242 words


  • SINGAPORE STOCKS
    • 5626 24 Transaction date: Aug 6 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
      5,626 words
    • 58 24 Hii Low Code Comi Sale COOP) Hii Low Big Seller Cvr P/E imil 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 3977.9 3013.7 6010 STI ETF IOPV US200 US6200 US1000 US***** US***** 292
      58 words
    • 1799 24 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
      1,799 words
    • 194 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      194 words
  • Page 24 Advertisements
    • 49 24 M fl Ill^^BnHQl THE EDWARD PIGUET WATCH Le maltre de I'horlogerie depuis 1875 '^^pSi^ lit IHI THE WATCH OF YOUR LIFE IM^5 M VUUJ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED Ut^ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      49 words

  • FINANCE & COMMODITIES
    • 361 25 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Alll World Index Preliminary 950.0 1.4 -16.1 1.5 -18.4 1.1 -14.1 EAFE Preliminai 899.0 1.6 -19.8 1.4 -20.4 1.0 -17.1 Euro[ Prelim inan 1232.9 2.5 -20.1 2.2 -20.7 1.8 -17.3 Pacific 777.5
      361 words
    • 131 25 As at 9am Aug 6 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2940 1.3100 .an dollar 1.3340 1.3500 Euro 2.1230 2.1470 NZ dollar 1.0010 1.0230 iterlini ind 2.6880 2.7190 US dollar 1.3540 1.3700 Local dollars to 100 units of foreign
      131 words
    • 167 25 Aug 6 *L Offer Overnight 1-month 2-months 3-months Overnight mode: 3/8 ys$ 7/16 3/4 29/32 31/32 Offer 5/16 5/8 25/32 27/32 BJd 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 2.40 2.65 2.85 3.05 3.20 3.35 3.48 Offer 2.35 2.55 2.75 2.95
      167 words
    • 25 25 Aug 6 ten Hii Sett STI IIMSCI Am 349 358.3 353.6 "aiwan Aui 259.6 271.3 270.5 Source: MF Global (S) He. Ltd
      25 words
    • 21 25 Aug 6 Bid Offer 1-month 1.3756 1.3770 2-months 1.3733 1.3748 3-months 1.3712 1.3727 6-months 1.3657 1.3673 Source: OCBC
      21 words
    • 279 25 Aug 6 (UBBtK Futures (Closing prices) !SS 1 (S cents/kg) flonth High Low Close Sett Volume (tonnes) Open Interest iep 08 3d 08 Mov 08 Dec 08 Ian/Mar 09 <\pr/Jun 09 419.00 414.25 411.50 409.75 407.25 408.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      279 words
    • 98 25 Aug 5 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 08 1262.50 1287.00 1296.00 1251.00 Sep 08 1259.00 1285.50 1293.00 1246.00 Nov 08 1269.00 1295.00 1308.50 1257.00 Jan 09 1286.75 1313.00 1324.50 1275.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO8 52.98 54.10 54.23 53.20 Sep
      98 words
    • 77 25 CRUDE OIL PRODUCTS Aug 5 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 117.73 -4.75 WTI (Near Mth) 118.73 -2.45 Dubai (1-Mth F) 116.8 -5.87 Tapis blend 127.65 -6.45 Minas 122.95 -6.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 117.40 143.50 unch -6.95 US$/barrel Opec Oil
      77 words
    • 448 25 Aug6 Iuro ren fon 'eso Earn 'ouni Australia 0.956 6.287 0.592 7.164 38.545 83.272 0.994 9.318 3.008 1.266 66.498 40.183 1.265 6.817 0.965 28.219 30.844 0.469 0.918 Canada 1.046 6.575 0.619 7.492 40.314 87.093 1.040 9.746 3.146 1.324 69.550 42.027 1.323 7.130 1.009 29.514 32.260 0.491 0.960
      448 words
    • 83 25 Aug 6 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****F 06.11.08 1-Year BY*****N 04.05.09 0.46 0.72 0.45 0.45 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 NY*****A 4.000 15-Year
      83 words
    • 78 25 Aug 6 (US$) (SS) 2.***** 0.***** 1 mth 2 mths 2.***** 0.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** O IIILIIb l,4iOO/ 9 mths 1.***** 12 mths
      78 words
    • 65 25 Aug 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position Aug 08 2770 Sep 08 2766 Oct 08 2800 Nov 08 2830 Total o/p: ***** contracts 2786 2786 2760 2792 2806 2720 2790 2803 2710 2790 2830 2710
      65 words
    • 131 25 Aug 6 /oz) tug njg Hong Kong .ondon 884.10 912.00 885.10 913.00 Aug 04 Aug OS 905.70 879.90 906.70 880.90 Source: Reuters CAST BAR (S$) Aug 06 Buying Sellini Kilobar "42,083.10" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 94.16
      131 words
    • 62 25 Aug 5 iiuiii, yy.i (US$/tonne) Close Previous iri:ash 2849.50 2882.01 months 2900.00 2831.01 Copper, Grade A (US$/tonne) :ash months 7768.00 7625.00 7605.01 7734.01 .ead (US$/tonne) :ash 2018.00 months 2015.00 1995.01 2001.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01 inc,
      62 words
    • 73 25 Aug 5 (£/tonne) Close Prev Hii ih/Low ,epO8 1470 1501 1489/1450 )ecO8 1471 1505 1490/1452 t/lar 09 1466 1497 1485/1449 day 09 1471 1501 1488/1455 lOFFEE (US$/tonne) Close Pev High/Low iepO8 2424 2345 2440/2335 Mov08 2391 2296 2396/2292 Ian 09 2313 2226 2322/2222 SUGAR (US tonne) White Close Prev
      73 words
    • 156 25 Aug 6 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2645 1.2660 0.9177 0.9180 'anadian dollar 1.3224 1.3243 0.9597 0.9602 Euro 2.1352 2.1375 1.5496 1.5499 NZ dollar 0.9983 1.0005 0.7245 0.7255 iterlin. 2.6956 2.6986 1.9563 1.9568 US
      156 words
    • 308 25 Aug 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.1750 96.9850 96.8950 96.7250 7455 3280 EUROYEN TIBOR FUTURES SepO8 99.170 99.170 DecO8 99.185 99.190 MarO9 99.160 99.180 JunO9 99.140 99.160 SepO9 99.110 99.135 DecO9 99.050 99.070 Mar10 Jun10 99.170 99.185 99.160 99.140
      308 words
    • 3730 25 BONDS WARRANTS Tel Code Company Tel Last Vol Conv Exer Code Company Sale +or- ('000) Ratio Price 2058 Advance Modules Grp W*****3 6 susp 1 17 2036 Advance SCT Ltd W*****9 0.5 1 87 #ArianeCorpLtdW*****9 0.5 1 5 9092 Asia Environment W*****4 17 1 38 4481 Asia Water Tech Ltd
      3,730 words

  • Page 26 Advertisements
    • 3189 26 The Business Times Shipping Times A P^^npPH JB|[lSfflßM!lljHyi ffiHHH 1 I WAN HAI INTERNATIONAL PTE LTD <r NO: I J6WMOOO R M» I 1"1^(»1» I PBsB tflißjß I V I'll IIHII rlf%l LlllCJ PKLTEL: (03| *****888 FAX: (03| *****288 PEN TEL: (04) *****00 FAX: (04)*****99 JMIWM JOHIEL:(07) *****23 FAX:(07)*****21 SUR
      3,189 words

  • Page 27 Advertisements
    • 3452 27 JIX[l AUSTRAL ASIA LINE websi.e:h..p://www.aus.ralasialine. C om KS|I Qj (jR f-l —C—) asia AUSTRALIA SERVICE AcceptingContainer/LCI/Breakbulk/Project Sfl_ HHI —r*& WBSSEMUUUUUUUn!^^^^m:mUUUMnmUUUti:^^^mS!^^^KlS^^^mil^^ WEEKLY EXPRESS SAILING SCHEDULE MPE CONWAY 10A8 15/08 28/08 18/0? 25/0? 28/0? 02/10 ■■Mi IVJiiMlllDlllJlßllllllHl-MDI'IAV'H'IjVIWiIAIIIIIDIIWAIIHI-MIl I -At- ni..iiii:i > i.. i: i.. i" i.. ■jjy j jjjjyjjj^jjQ l jjjj|j t
      3,452 words

  • Page 28 Advertisements
    • 4026 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      4,026 words

  • PROPERTY
    • 868 29 Reuters Rumours that big players plan 5,000 redundancies as demand tanks, but some analysts dispute that figure [LONDON] With much of the European real estate market on its knees, the painful death of job security is now haunting property brokers as well as
      ■ Reuters; AP  -  868 words
    • 222 29 Bloomberg [SINGAPORE] Asian real estate prices may fall further and prime office values decline 10 per cent before year's end, Singa-pore-based property investor Pacific Star Group said. "Most markets are peaking over the next 12 months, or even trending downwards," said Frank Vaessen,
      Bloomberg  -  222 words
    • 266 29 THE plush Ascott Raffles Place, the former Asia Insurance Building (AIB), had a soft opening yesterday, with its owner, the Ascott Group, making 50 units available. The remaining units of the 146-unit premium serviced residence project will be ready by its official
      266 words
    • 507 30  -  ARTHUR SIM By Business park segment contributed to 51% of total RBF net allocation in Q2 THE net allocation for JTC ready-built facilities (RBF) inQ2 2008 reached 84,100 sq m, 2.2 times higher than the 38,300 sq m in the
      507 words
    • 765 30 Malaysian developer considering RMlb joint venture [KUALA LUMPUR] Mali Sing Group Bhd, Malaysia's fifth biggest developer by revenue, is considering a Vietnam venture worth more than RMI billion (Ss42l million) for its first step overseas as a sagging home economy slows
      BLOOMBERG  -  765 words
    • 330 30  -  UMA SHANKARI By MAISON Royale, a freehold residential site in Newton, has been put up for collective sale. Owners of the 20-unit project are asking at least $50 million. Including an estimated $300,000 development charge (DC) and taking into account a plot ratio
      330 words
    • 900 31  -  KALPANA RASHIWALA Developers' margins for prime projects less affected: Jones Lang LaSalle study By A 20 per cent rise in construction costs will shrink developers' profit margin for a mass-market private condo by 55 per cent; but for a project in the
      900 words
    • 448 31  -  UMA SHANKARI By UPCOMING Design, Build and Sell Scheme (DBSS) project Park Central AMK received over 2,300 applications or four times the 578 units on offer when submissions closed at midnight on Tuesday, developer United Engineers (UE) said yesterday. But this does
      448 words
  • Page 29 Advertisements
    • 214 29 COMMERCIAL BUILDING FOR SALE RKTTyWJHI^STfITH^^KTWTTH hong kong st ij^^^^ASdMiSisMM^MiUiJ m < I 2 units of retail/office (...i.. M/VZ/\. y .Sunitsofoffice/soho iUMOC Wiy "**7fTV\^v// TotalßuiitupAreaBs3ssq.ft Approx. 4,7005f/5,2005f/10.OOOsf/12,0005f z^^fffl^^v /v •prlmeCßDlOcatlon Vacant possession/lease expiring soon :MrnsX'opore QuayMRT Mid/High floors with spectacular city/sea view '/Mr^. River/Clarke Quay/ aS^^ubjec^V Cenl™ Chinatown/Marina Bay Hub The
      214 words
    • 187 29 For Sale By Tender Large Bungalow Site At Mountbatten Road -H Land area: approx. 31,820 sqft Tr-^SflaT-----. *Tenure: Freehold ~^jfS^^^^^m^ WV Rare2-storeyconservation I I subjecf\3\ bungalow with possible new fej s x\ extensions S fej y\ Potential for subdivision of land |8j o •Prominentfrontage and regularJ I I shaped plot
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  • PRIME OF HEALTH
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