The Business Times, 13 August 2008

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Microfilm: NL29448
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 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, August 13,2008
    25 words
  • Article
    Lock icon Catalist sponsor's stake sparks debate
    899 1  -  JAMIE LEE Prime Partners says it is win-win; others worry about potential conflict of interest [SINGAPORE] The decision by a Catalist sponsor to take shares as payment for sponsoring a recent listing has spawned a debate in market circles over a potential conflict of interest.
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  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.645 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      43 1 1 COMP 1,118.78 -8.68 IIKKEI225 13,303.60 -127.31 IANG SENG 21,640.89 -218.45 SET INDEX Closed JAKARTA COMP 2,057.58 -76.34 1ANILA COMP 2,755.86 -12.66 ;eoulcomp 1,577.12 -3.97 iHENZHEN B 387.10 +4.05 IUMBAI IND 15,212.13 -291.79 NOON EDT Cham )OW 11,710.38 -71.97 IAS DAI 2,439.15
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    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.411 (USS/SS per 1.905 2.689 :URO (US$/S$/E) 1.490 2.103 'EN 109.90 77.90 3.325 2.356 IK$ 7.809 5.533 !AHT 33.75 23.92 1UPIAH 9,170 6,498 1ENMINBI 6.863 4.863 INDIAN RUPEE 42.44 30.07 1.140 0.808 IZ$ 1.434 1.016
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  • Article, Illustration
    Lock icon POWER TIMES TWO
    64 1 [BEIJING] Chinas Wang Kin and Chen Ruolin in action for the women's 10-metre synchronized diving event yesterday. But it wasn 't the divers alone that showed their prowess at the Water Cube in Beijing. The Chinese gymnasts, too, demonstrated their power, so much so that the Americans
    AP  -  64 words
  • Article
    Lock icon Plunging regional currencies hit SingTel
    659 1  -  WINSTON CHAI Q1 profit down 5.3% as falling exchange rates hit associates' contributions [SINGAPORE] Singapore Telecommunications' sizzling bottom-line growth is starting to show signs of a slowdown, with regional currency depreciation dragging down its first-quarter profit to the lowest level in recent years. Sing Tel
    659 words
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      101 1 .jUt 1 i|^ mijlj; l-^j^j 11 •—flß Jlfa I SC GLOBAL DEVELOPMENTS §^lw =B ffIHIS f^ili II iW'^iwßl-'-'" *IP ;:ilB_J I aßi-'-^i-tfi' sat the presents Singapore's |gt i.^i'M^i J-itS:--' T% n—, I T I I—J J MOST EXTRAVAGANT RESIDENCE =**™'^B I™|^V|H| on patehson hillV^ Embrace the mark of distinction with
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      3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      46 1 EXEC MONEY MOTORING WALL STREET BE INSPIRED Risk management Bufori —«i MEDALS Zap for daily inspiration. gets new focus here at last Aidißift Chariots of finance Win a Zegna Sport MM PAGE3O PAGE 29 PAGE 15 i-PodJacket! PAGE 4 PROPERTY Solitary, low bid for Tampines site
      46 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Solitary, low bid for Tampines site
        60 2 CAUTIOUS sentiment, soaring construction costs and a not-so-hot site all combined to yield just one bid at a state tender yesterday for a 99-year leasehold condo site facing Bedok Reservoir. The bid of about $118 psf ppr was below general market expectations which ranged
        60 words
      • Article
        Lock icon ST Engg Q2 profit falls 2.3% to $119.9m
        63 2 WITH mixed results across its business sectors, ST Engineering yesterday reported net earnings of $119.9 million for the second quarter ended June 30, 2.3 per cent down from the corresponding period last year. Group revenue held its ground at $1.3 billion, a
        63 words
      • Article
        Lock icon UOL Q2 profit dives as fair-value gains fall
        41 2 UOL Group's second-quarter net profit fell 49 per cent to $145 million, from $286.3 million a year ago, as the group saw lower fair-value gains from its investment properties. COMPANY NEWS, PAGE 9
        41 words
      • Article
        Lock icon Hong Leong Finance Q2 profit falls 1.4% to $31m
        47 2 HONG Leong Finance said it is tightening loan standards amid testing macroeconomic conditions, as it reported a 1.4 per cent fall in Q2 net profit to $31 million, from $31.45 million a year ago. COMPANY NEWS, PAGE 10
        47 words
      • Article
        Lock icon HG Metal to buy stake in BRC Asia
        64 2 STEEL products maker HG Metal is expected to buy a controlling stake in BRC Asia in a deal that could be worth up to $100 million. According to a Reuters report, HG Metal will buy the stake from BRC Asia's parent company,
        64 words
      • Article
        Lock icon M'sia-S'pore bilateral trade jumps 11% to $58b in H1
        73 2 TRADE between Singapore and Malaysia rose 11 per cent year on year to hit a record $57.9 billion in the first six months of this year, a conference was told yesterday. "Singapore was the third-largest investor in Malaysia for the first
        73 words
      • Article
        Lock icon Khazanah told to focus on overseas deals
        60 2 KHAZANAH Nasional has been asked to focus more on international business investments so as to allow smaller companies a greater shot at clinching opportunities locally. "We do not want Khazanah to be monopolistic and disallow other companies to do business in the country,"
        60 words
      • Article
        Lock icon China's inflation eases to 6.3% in July on food costs
        51 2 CHINA'S inflation eased in July as sharp rises in food costs slowed, giving Beijing more leeway to try to boost slowing economic growth. Consumer prices rose 6.3 per cent in July over the same month last year. GREATER CHINA, PAGE
        51 words
      • Article
        Lock icon Tesco enters India with Tata deal
        38 2 TESCO, the world's No 3 retailer, said it plans to enter India by setting up a wholesale cash-and-carry business and helping India's Tata Group to grow its hypermarket business. INDIA, PAGE 18
        38 words
      • Article
        Lock icon US June trade gap shrinks despite oil price surge
        57 2 THE US trade deficit shrank unexpectedly in June, as the weak US dollar helped push exports higher and overpowered record-high prices for imported oil, a Commerce Department report showed. The trade gap totalled US$56.B billion, down from a revised estimate of
        57 words
    • Article, Illustration
      Lock icon iPhone to dock in S'pore on Aug 22
      424 2  -  WINSTON CHAI By [SINGAPORE] The mystery surrounding the local debut of the iPhone 3G has been partially solved, with Singapore Telecommunications confirming Aug 22 as the official launch date for Apple's second-generation touch-screen handset. "Consumers who have registered with us will be
      REUTERS  -  424 words
    • Article
      Lock icon UBS to split its business three ways
      423 2 Reuters Embattled group acknowledges flaw in its much-vaunted one-bank strategy [ZURICH] Swiss bank ÜBS AG will separate its business into three autonomous units after it identified weaknesses in its integrated one-bank strategy, it said, after posting a worse-than-expected second quarter loss of around
      – Reuters  -  423 words
    • Article
      Lock icon Bank says Asia-Pac revenue resilient
      423 2  -  CONRAD TAN New money still flowing into its wealth management business [SINGAPORE] Troubled Swiss bank ÜBS says its Asia-Pacific wealth management business is still seeing net inflows of new money, despite heavy withdrawals by clients elsewhere. Asia-Pacific revenue stayed "resilient" in the second quarter, amid
      423 words
    • Article, Illustration
      Lock icon Solitary, low bid for Tampines site
      642 4  -  KALPANA RASHIWALA At $118 psf ppr it is below expectations, but analyst says site is not plum anyway [SINGAPORE] Cautious sentiment, soaring construction costs and a not-so-hot site all combined to yield just one bid at a state tender yesterday for a 99-year leasehold
      642 words
    • Article
      Lock icon Morgan Stanley to buy back auction-rate bonds
      397 4 -Reuters It will pay USs4.sb to individuals, charities and small businesses [NEW YORK] Morgan Stanley became the latest Wall Street investment bank to offer to reimburse buyers of auction-rate securities, as New York's attorney-general sought settlement talks with it and two other banks.
      -Reuters  -  397 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      507 2 Corporate Treasury Risk Management Dates Corporates can no longer excuse themselves from their imperative 18-19 September 2008 responsibility to manage financial risks effectively just because they are 9.00 am to 5.00pm "only in the business of making widgets or whatever)". This highly interactive applied learning workshop offers an integrated approach
      507 words
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      Lock icon Page 2 Advertisements Column 2
      71 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 3 B_AT£_ NOTICES SUNSET WAY 8722/5800sqft Cosy Well Kept Hse, Nice Gdn 8M CABLE ROAD *****sqft excellent for Redevelopment/division VTO QUEEN ASTRID area *****/8000sqft Greenery View, Prestigious Address, Suited
      71 words
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      30 3 Dell recommends Windows Vista® Business. BATTERY LIFE OUR LONGEST EVER Engineered for extraordinary demands THE NEW LATITUDE™ E6400 WWW.DELL.COM.SG/LATITUDELAPTOPS I 1800 394 7419 COPYRIGHT: ©2008 Dell Inc. All rights reserved.
      30 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      506 4 Win a Zegna Sport i-Pod Jacket worth $2,500! iI w w 1 aw. w if if MB^3i M Wi^k 9 ZegnaSport ZaDCocfe I P|Bj^ r '''Terms and conditions apply. The other Participating Banks are DBS Bank (includes POSB) and UOB Croup. IMPORTANT NOTE: This advertisement is qualified in its entirety
      506 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ST Engg Q2 profit falls 2.3% to $119.9m
      477 5  -  EMILYN YAP Aerospace business makes up 51% of group's net earnings in second quarter WITH mixed results across its business sectors, Singapore Technologies Engineering (ST Engg) yesterday reported net earnings of $119.9 million for the second quarter ended June 30 2.3 per
      477 words
    • Article
      Lock icon CWT reports 14% drop in Q2 earnings
      297 5  -  UMA SHANKARI LOGISTICS group CWT said yesterday its second-quar-ter net profit fell 14 per cent to $6.9 million, from $8 million in Q2 2007, due to higher operating costs. Revenue for the three months ended June 30 rose 17 per cent to $142.7
      297 words
    • Article, Illustration
      Lock icon UOL Q2 profit dives as fair-value gains fall
      453 9  -  UMA SHANKARI Its listed subsidiary Hotel Plaza posts 5% rise in net profit to $16.3 m UOL Group's second-quar-ter net profit fell 49 per cent to $145 million, from $286.3 million a year ago, as the property group saw lower fair-value gains
      453 words
    • Article
      Lock icon Golden Agri Q2 net profit up 155%
      414 9  -  CHOW PENN NEE Outlook for palm oil industry remains positive, says CEO HIGH palm oil prices lifted the second-quarter profit of plantation company Golden Agri-Resources 155 per cent to U*****.2 million or six US cents a share, as revenue soared 101 per cent
      414 words
    • Article
      Lock icon The cost of research and its real value
      692 9  -  R SIVANITHY WHAT price decent stockbroking research in the Singapore market? As far as small listed firms are concerned, $13,000 appears to be too much at least judging by recent news that the number of companies participating in the Singapore Exchange's research
      692 words
    • Article
      Lock icon Hong Leong Finance Q2 profit falls 1.4% to $31m
      338 10  -  CHEW XIANG Firm cites slowdown in domestic growth, turns cautious in lending activities HONG Leong Finance said yesterday it is tightening loan standards amid testing macroeconomic conditions, as it reported a 1.4 per cent fall in second-quar-ter net profit to $31
      338 words
    • Article, Illustration
      Lock icon Higher sales, prices boost China Taisan Q2 net 66%
      435 10  -  OH BOON PING RECENTLY listed China Taisan Technology Group Holdings has reported a 66 per cent jump in net profit to 70.4 million yuan (5514.5 million) for the second quarter ended June 30, thanks to higher sales quantity and selling prices.
      FILE PHOTO  -  435 words
    • Article
      Lock icon HG Metal likely to buy over BRC Asia
      319 10  -  NISHA RAMCHANDANI HG says it'll announce major acquisition today STEEL products maker HG Metal is expected to buy a controlling stake in BRC Asia in a deal that could be worth up to $100 million. According to a Reuters report, HG Metal
      319 words
    • Article
      Lock icon BRC files High Court summons against Sembawang E&C
      467 10  -  ARTHUR SIM It wants payment for supply of steel products to SEC for Sentosa IR project BRC Asia has filed an originating summons with the High Court in connection with the supply of steel products to Sembawang Engineers and Constructors Pte Ltd
      467 words
    • Article
      Lock icon WBL Corp turns around with $11.7m Q3 profit
      256 11  -  VINCENT WEE Revenue for the 3 months ended June rises 3.7% to $476 m By WBL Corporation posted a net profit of $11.75 million for the third quarter ended June 30, 2008 a turnaround from the year-ago period's $27.29 million net loss,
      256 words
    • COMPANY BRIEFS
      • Article
        Lock icon Isetan's Q2 net profit drops 31.1%
        35 11 RETAILER Isetan (Singapore)'s net profit for its second quarter ended June 30, 2008, fell 31.1 per cent year-on-year to $2.54 million. Sales rose 0.53 per cent to $80.7 million.
        35 words
      • Article
        Lock icon Hong Leong Asia Q2 earnings fall 29%
        48 11 MANUFACTURING conglomerate Hong Leong Asia reported yesterday net profit of $23.7 million for the second quarter ended June 30, 2008 29.3 per cent less than the $33.5 million for the previous corresponding quarter. Revenue rose 14 per cent to $1.06 billion.
        48 words
      • Article
        Lock icon Super Coffeemix Q2 net profit 12% lower
        40 11 Super Coffeemix Manufacturing saw a net profit drop of 12 per cent to $5.8 million for the second quarter ended June 30, 2008. Revenue came in at $68.5 million, up 19 per cent.
        40 words
      • Article
        Lock icon Tritech Group launches IPO
        55 11 TRITECH Group Ltd, a geotechnical, ground and structural engineering specialist, has launched its Catalist initial public offering of 30 million new shares and 6 million vendor shares at 20 cents per share. One million shares are for the public and 35 million shares for placement. The
        55 words
      • Article
        Lock icon Lower one-time gains hit Straits Trading
        92 11 THE Straits Trading Company's second-quarter net profit fell 75 per cent to $58.5 million from a year earlier, despite a 57 per cent jump in revenue to $362.3 million. The drop in net profit was due mainly to lower exceptional gains of $51.4 million
        92 words
    • Article
      Lock icon Biosensors Q1 net profit doubles to US$16.5m
      363 11  -  MELISSA YEO By BIOSENSORS International Group has reported a more than doubling in net profit to US$l6.5 million for its first quarter ended June 30, 2008 from U557.95 million for the previous corresponding period. Total revenue comprising product revenue and licensing and royalties
      363 words
    • Article
      Lock icon At a glance
      482 11 AT a gianCe 6 months ended June 2008 3 months end dei >d June 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT I PREVIOUS CHNG (S$m) (S$m) (S$m) CURRENT I PREVIOUS %CHNG (S$m) 1 Golden Agri 1,393.99 608.28 129.2 2,127.10 927.20
      482 words
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      77 5 1 1 i t i i i m 'r" i'unra turn aim ma* JlUtt Jbwmi *™d Aflfltt {flp/kir i "y*'^ rp JUifJUa IJ SI St 30 11 EJ 97 02 S j i i4WJIt J^m^ uiyjr tm/tj^ij m company »noo v hreetimesfa^thaoseaf^t- s*~im± v is -(txAAWW.tnt.com rei .41 ;N^t4*r ''*^\ojT«f**
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Charts, fundamentals support more US$ upside
      943 6  -  LARRY WEE CURRENCIES Dollar bears may be in denial, but not so the available evidence HOW things have changed. Just a month ago, any sign of conflict in an oil-rich region of the world would have sent oil prices flying. But this past week,
      943 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 3 9 5 0 0 0 3 9 5 Manufacturing 48 86 50 13 55 93 63 Commerce 16 27 15 17 30 21 Tpt/Stor/Comms 25 26 Finance 15 15 Construction 12 Properties
      93 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 10.990 10.990 66.625 66.625 Manufacturing 313.109 28.414 341.523 217.003 1.810 218.813 Commerce 48.271 10.011 58.282 56.792 3.700 60.492 Tpt/Stor/Comms 95.584 221 95.805 297.613 21 297.634 Finance 28.005 28.005 277.828 277.828 Construction 100.777 11.177 111.954 12.215
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 6 CapitaLand 4.960 -0.040 CapitaMall 2.850 -0.040 CityDev 10.420 4-0.120 Cosco Corp 2.270 -0.110 DBS Grp 18.580 -0.200 F&N 4.110 -0.040 Gentlntl 0.525 -0.015 HK Land 3.850 4-0.030 JSH 17.360 4-0.240 JardineC&C 17.100 -0.100 Keppel Corp 10.240 -0.180 Keppel Land 4.360 -0.040 NOL 2.640 -0.110 Noble Grp
      103 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      778 6  -  CONRAD TAN Source: 7-ELEVEN enters prepaid space: 7-Eleven has entered the prepaid market in Singapore by launching its mobile virtual network operator (MVNO) cards called 7-Connect, following similar successes in the US and Canada. The cards will be available in more than 400 7-Eleven stores in Singapore. Its
      Bloomberg  -  778 words
    • Article, Illustration
      Lock icon Another weak day spent tracking HK
      533 6  -  R SIVANITHY STOCKS "WE'RE hostage to Hong Kong's volatility," said a dealer yesterday. "When things are so uncertain, what can you do?" Encapsulated in that statement lies possibly the biggest frustration suffered by investors and traders in the local stock market. Just when it
      533 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 6 Aug 12 VALUE CLOSE BT OB/OS -734.00 -42.00 BT CADI -*****.00-146.00 BT 10-day MA -*****.00 -73.00 FTSE ST Mid Cap 661.79 -5.73 FTSE ST Small Cap 555.88 -4.38 FTSE ST All Share 703.17 -3.21 FTSE ST China Top 369.59 -9.31 FTSE ST China 351.92 -9.49 UOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME UniFiber 84,728,000 JiutianC 62,344,000 China Honqxinq 37,902,000 Sing Tel 30,197,000 Golden Agri 27,666,000 Yanqzijianq 20,609,000 Ferrochina 18,764,000 ZhquoPenqjie 17,836,000 Noble Grp 17,234,000 Cosco Corp 15,870,000 VALUE(S) Sing Tel 105,263,170 UOB 90,736,800 DBS Grp 78,643,311 S I A 77,240,060 SGX 51,649,180 Keppel Corp 49,202,880 OCBC Bk 40,371,050
      60 words
    • Article
      Lock icon RISES
      100 6 CLOSE UP 3162 87.5 2.0 JMH JSH 1736 33.9 1.4 S I A 1542 32.0 2.1 UOB 1994 16.0 0.8 lit 1042 12.0 1.2 Hi, Moh 38 11.0 40.7 SIA 200 1530 10.0 0.7 :it NCCPS 164 9.0 5.8 UOBMBLiCW*****0 630 9.0 1.4 Wilmar 409 8.0 2.0 BY PERCENTAGE
      100 words
    • Article
      Lock icon FALLS
      117 6 CLOSE DOWN GLD 10US$ 7952-801.2 -6.7 China H 10US$ 1463 -40.9 -1.9 SPC 577 -35.0 -5.7 DBS MBLJCW*****0 472 -26.0 -5.2 DBS Gr| 1858 -20.0 -1.1 OCBC Bk4.5%NCPS 100 9950 -20.0 -0.2 ISMSCI India 100 653 -19.8 -2.1 CIMBAsean40 100US$ 812 -18.3 -1.6 Kei Con 1024 -18.0 -1.7 UOBSGAEPW*****0
      117 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 6 Aug 12 %CHNG CLOSE FRAug11 YR2008 S$ LOW S$ HIGH USS 1.4112 -0.55 1.4542 1.3457 Euro 2.1013 0.41 2.2064 2.0474 Pounds 2.6823 0.61 2.8431 2.6568 AS 1.2313 1.55 1.3251 1.2280® Yen* 1.2798 -0.17 1.4484 1.2619 Rupiah* 0.***** -0.60 0.***** 0.***** Baht* 4.1813 -0.52 4.4299 4.0190 Peso*
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      344 8 TriTech Tritech Group Limited ]a M J^^J^m^^^jLJsLj aiL o A Leading Specialist in Geotechnical and Ground Engineering Fields Offering a comprehensive spectrum of specialist engineering, and ground and structural engineering services Pioneered the use of horizontal directional drilling (HDD) technology in Singapore o High Barriers of Entry Strong technical capabilities
      344 words
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      1141 9 *iKPMM^^^^^^^^H vj SM y SINGAPORE MANAGEMENT UNIVERSITY fcjDCT I PACIFIC SHIPPING TRUST RAD ING Q r rcj^~^~ Jt (a business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) wSf^^ """..•''t^"^: ~>jMwM NOTICE OF EXTRAORDINARY GENERAL MEETING KN 11WI FR R F jS^/T^l^ '^h"]*dtiti£k6^ NOTICE
      1,141 words
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      235 10 Now, less of you can enjoy more of us. Thanks to our new set menus, you don't need a large group to enjoy a wider variety of Hung Kang's authentic Teochew cuisine. Even if there's just 2, 3 or 4 persons, you can enjoy 5 quality dishes waau with premium
      235 words
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      Lock icon Page 10 Advertisements Column 2
      301 10 I Pick from over 300 Property Investment options all over India I showcased by leading Indian companies at Singapore n j^m Agol Business Consulting, Chennai ,I™^HH| Ajnara Farms Services, New Delhi A® INDIA ~v^->J. B^-^>^- Amrapelly, New Delhi ~~y/*^Ukr Anugrah Property Management India, New Delhi I Asset Drive DSAAxis Bank,
      301 words
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      149 11 *"-^2__-_-_-_-__. H i _-H_r w'. __rf^ R-bJ-F^ 7/_■ _r -II A '■-**j&BwfE^'~' Hl^«P _._.z_M_l _^_^_^_^_^_r I M _X ar I Nyoman Masriadi, Enjoy Life, 2003, Oil on Canvas, 150 x 150 cm Zhou Chunya, Lily ,2000, Oil on Canvas, Zhou Chunya, Green Dog 2007, Stainless Steel, Agus Suwage, Too Young
      149 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon M'sia-S'pore bilateral trade jumps 11% to $58b in H1 2008
      389 12  -  OH BOON PING Investment in M'sia mfg sector reached RM726m: Spore Trade Minister TRADE between Singapore and Malaysia rose 11 per cent year on year to hit a record $57.9 billion in the first six months of this year, a
      FILE PHOTO  -  389 words
    • Article
      Lock icon Two of its ex-directors offered indemnity
      470 12  -  CHOW PENN NEE RAFFLES TOWN CLUB SAGA THE current shareholders of Raffles Town club (RTC) Margaret Tung and Lin Jian Wei offered to indemnify two of the four defendants named in another lawsuit if they helped to nail well-known remisier Peter Lim, who is
      470 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon A *Star scientist receives medal
        69 12 DAVID Lane, chairman of A*Star's Biomedical Research Council, has been awarded a gold medal by the Royal Society of Edinburgh for his contribution to cancer research. He discovered the p53 tumour suppressor gene, which affects processes such as ageing and is seen as a crucial
        69 words
      • Article
        Lock icon NZ firm sets up $4m facility here
        59 12 NEW Zealand-based Wellington Drive Technologies, which makes energy-saving motors and fans, has invested $4 million in a manufacturing and logistics plant in Singapore. The 15,000 sq ft facility, which is expected to come onstream in early 2009, will employ more than 120 people.
        59 words
    • Article
      Lock icon Financial firms to test readiness for flu outbreak
      324 12  -  CONRAD TAN A TWO-WEEK exercise to test the readiness of the financial industry here for a deadly outbreak of flu will start at the end of this month, involving more than 140 banks, insurers and other firms as well as government agencies.
      324 words
    • Article, Illustration
      Lock icon SC Global to launch Martin No 38
      364 12  -  ARTHUR SIM SC GLOBAL will launch Martin No 38 next month at an average price close to $2,000 per square foot. The company said in a statement yesterday that the 91-unit development in Martin Road, near Mohammed Sultan Road and Clarke Quay, will
      364 words
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      Lock icon Page 12 Advertisements Column 1
      1746 12 m Mi mm \Wmwm ■&^H In the matter of IN THE MATTER OF The Companies Act, Cap. 50 THE COMPANIES ACT, CAP. 50 And AND In the Matter of IN THE MATTER OF OFTIMUMW INVESTMENTS PTE. LTD. NIPPON MINING SINGAPORE PTE LTD Company Reg. No. *****5356N REG. NO. *****2240 D
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      Lock icon Page 12 Advertisements Column 2
      11 12 CATS Recruit The first step on your ladder to success I < <:
      11 words
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      476 13 0 ;z:::EEl :i:: ::z::_ :E=~^|^ :=r::-=: Michele Burns Harish Manwani j David Conner Professor Professor Peter Sands Richard Kantor Chairman and CEO, President Asia, CEO, Peter Cappelli I NorihikO Shimizu j Group Chief Principal and Mercer Africa, Central and OCBC Bank nirertnr x/kitinn Pmfp<:«nr Executive, I Regional Practice Leader I
      476 words
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  • BEIJING 2008
    • Article, Illustration
      Lock icon China extends winning stretch in diving
      583 14 Xinhua [BEIJING] The dominating Chinese divers kept their winning stretch in the Water Cube as teenagers Wang Kin and Chen Ruolin won the third gold, the women's 10 m platform synchronised competition, for the hosts at the Beijing Olympic Games here on Tuesday. The
      Xinhua; REUTERS  -  583 words
    • Article, Illustration
      Lock icon When bronze is good enough
      1114 14 China wins gold in men's gymnastics, coming in first in 5 of the 6 apparatus [BEIJING] It's not as if the US, or anybody else but China, was going to win the Olympics men's gymnastics team gold medal. So after the American men won the
      AFP  -  1,114 words
    • Article, Illustration
      Lock icon Medal tally
      98 14 AUG 12 SILVER TOTAL China 13 3 4 20 United States 7 6 8 21 South Korea 5 6 1 12 Italy 3 4 2 9 Australia 3 2 5 10 Japan 3 1 2 6 Germany Russian Fed 3 2 1 4 1 3 5 9 Great
      98 words
    • Article
      Lock icon Phelps loves carbs and naps
      869 14 Bloomberg [BEIJING] Michael Phelps spends his days at the Olympics wolfing down pizza and pasta, dodging text messages from friends and climbing to the top of the all-time winners' list. Phelps won swimming's 200-metre freestyle yesterday for his third gold medal of the Beijing Games
      – Bloomberg  -  869 words
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  • ECONOMY WATCH
    • Article
      Lock icon Chariots of finance
      645 15  -  JOHN FOLEY By ATHLETES of the world are limbering up for their chance to take home the gold in Beijing. For some, 2008 will mark a career high; for others, crushing disappointment awaits. It's all a bit like the financial world. Wall Street has been put through
      645 words
    • Article
      Lock icon Greenback makes a comeback
      358 15  -  LAN CAMPBELL By AFTER six years of almost straight decline, the US dollar is stirring. The greenback is making a vigorous beginning to what may prove a jittery recovery. But it is probably over the worst, for now. Talk and numbers have helped to bring about
      358 words
    • Article
      Lock icon US economic slide to continue into next year: survey
      391 15 -Renters [WASHINGTON] Economists have soured on the US economy's prospects for the second half of 2008 and have cut growth forecasts for next year as well, a closely watched survey released on Monday showed. While government stimulus payments helped the economy
      -Renters  -  391 words
    • Article
      Lock icon US banks raising loan standards: Fed survey
      477 15 Reuters Tight credit also driven by broader economic weakness [WASHINGTON] Banks in the United States further tightened lending standards in all major categories, especially for consumer loans, in the past three months amid a weakening economic outlook, according to a Federal Reserve survey
      – Reuters  -  477 words
  • Page 15 Advertisements
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      544 15 Megaman^ernploys 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
      544 words
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  • MALAYSIA
    • Article
      Lock icon Khazanah told to focus on overseas deals
      582 16  -  PAULINE NG in Kuala Lumpur This will give smaller firms a better chance to secure local business KHAZANAH Nasional has been asked to focus more on international business investments so as to allow smaller companies a greater shot at clinching opportunities locally in
      582 words
    • Article, Illustration
      Lock icon M'sia GDP seen growing 6% in 2008
      514 16 Bloomberg Trade Minister cites robust manufacturing and exports, warns of challenges ahead [SINGAPORE] Malaysia's economy may expand at the higher end of the official forecast range this year, even as it faces a "more challenging" time ahead, Trade and Industry Minister Muhyiddin Yassin
      Bloomberg; THE STAR  -  514 words
    • Article
      Lock icon Tenaga keen to buy stake in dam, cable project
      224 16 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd has expressed interest in buying a stake in Bakun, Malaysia's biggest hydroelectric dam, after Sime Darby Bhd dropped its bid for a share in the project. The state-controlled utility is also keen to undertake an
      ■ Bloomberg  -  224 words
    • Article
      Lock icon BURSA MALAYSIA
      2239 16 lug 12 RM Cooo] ASM Realty 0.46 \bric Bhd 0.12 advance Synergy 0.10 Adventa Bhd 0.90 Ae Multi Hldgs 0.24 Win Holdings 1.87 Ahmad Zaki Resou 0.71 AicCorp 0.51 \irasia Bhd 1.14 Akn Technology 0.41 Alliance Financi 2.80 aluminium Co 1.06 Amalgamated Ind 0.51 Ammb Hldgs Bhd 3.22
      2,239 words
  • Page 16 Advertisements
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      160 16 [MOVIE I A. PASS CATHAY I Buy any 5 weekdays of the new-look Straits Times from 11 -22 Aug and send in the coupons found on the cover with your Name, Address and Contact to: New-Look Straits Times Movie Giveaway Singapore Press Holdings Ltd MacPherson Road Post Office Locked Bag
      160 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China's inflation eases to 6.3% in July
      489 17 -AP This increases chances of a shift to targeted pro-growth policies [BEIJING] China's politically volatile inflation eased in July as sharp rises in food costs slowed, according to data reported yesterday, giving Beijing more leeway to try to boost slowing economic growth. Consumer
      -AP; AP  -  489 words
    • Article
      Lock icon All aboard for the 'Great Wall Express' in Beijing
      321 17 -Reulers [BEIJING] Beijing yesterday unveiled the "Great Wall Express", a sleek new train service that will whisk visitors to the foot of the World Heritage Site in Olympic record time. The Great Wall of China winds across more than 6,400 km
      -Reulers  -  321 words
    • Article
      Lock icon Traders create gold medal swap market
      194 17 Reuters [SHANGHAI] Olympics fever has spread to China's interbank money market, where traders are betting on the host country to take between 40 and 42 gold medals in this year's games a jump from 32 golds in the 2004 games. Traders who make their
      – Reuters  -  194 words
  • Page 17 Advertisements
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      240 17 Vk SM^a tyP&di™ 2008 U" ffl Si Let your special day take to new heights at Singapore Flyer A »iPk^.. Join us for the MEGU Wedding Show 2008 at the MEGU Event Hall, Singapore Flyer Level 2 on n'lB Saturday, 16 August 2008, Session 1 (2pm-spm) Session 2 (6pm-9pm) os|
      240 words
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  • INDIA
    • Article, Illustration
      Lock icon Tesco enters India with Tata deal
      376 18 Reuters The British group will invest up to £60m in the cash-and-carry business [LONDON/MUMBAI] Tesco, the world's No 3 retailer, said it plans to enter India by setting up a wholesale cash-and-carry business and helping Indian conglomerate Tata Group to grow its hypermarket business.
      – Reuters; REUTERS  -  376 words
    • Article
      Lock icon Corporate bonds feel the squeeze
      690 18 Reuters [MUMBAI] Heavy government borrowing risks elbowing out corporate issuers in India already reeling under rising interest rates and shrinking liquidity, with borrowing costs expected to rise 50-75 basis points by the end of 2008. Bond originators say normally there are 20-30 billion rupees (*****-998
      – Reuters  -  690 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8476 18 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.028/ AIGIF S'pore Bond Fund/A 1.345/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.91/ APS Alpha Fund (USD) 0.65/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9807/ APS Komaba Global
      8,476 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon June trade gap shrinks despite oil price surge
      531 19 Reuters LATEST US DATA Monthly tally fell to USss6.Bb as weak US dollar helped boost exports [WASHINGTON] The US trade deficit shrank unexpectedly in June, as the weak US dollar helped push exports higher and overpowered record-high prices for imported oil, a
      – Reuters  -  531 words
    • Article, Illustration
      Lock icon Packed day for Rudd on first S'pore visit
      482 19  -  LEE U-WEN Lobbies for support for idea of Asia-Pac community by 2020 AUSTRALIAN Prime Minister Kevin Rudd made a whirlwind stopover in Singapore yesterday his first official visit since he won office last November. And though he was here barely 24 hours,
      482 words
    • Article
      Lock icon S Korea pardons convicted tycoons
      340 19 Reuters [SEOUL] South Korea announced yesterday sweeping pardons for some of the country's most powerful businessmen, including the head of leading carmaker Hyundai Motor, saying they were needed to help revive a troubled economy. They were on a list of 341,000 executives, politicians and bureaucrats
      – Reuters  -  340 words
    • Article, Illustration
      Lock icon Recession? It's time to drink, smoke and be merry
      477 19 -AP [LONDON] As a global recession looms, what better way to cope than to eat, drink and be merry? Even as consumers face soaring energy costs, rising food prices and higher mortgages or rent, it seems clear they're not prepared to
      -AP; BLOOMBERG  -  477 words
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      2793 19 rj| UCO Bank I A GOVERNMENT OF INDIA UNDERTAKING I Head Office: 10 BIPLABITRAILOKYA MAHARAJ SARANI: KOLKATA *****1, INDIA BALANCE SHEET AS ON 31ST MARCH 2008 AUDITORS' REPORT (000'S OMITTED) To The President of India, CAPITAL AND LIABILITIES As on 31.3.2008 As on 31.3.2007 1. We have audited the attached
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  • AVIATION
    • Article
      Lock icon US airlines sue over airport slots auction
      517 20 Reuters They maintain that federal regulators cannot sell rights to operate fights [WASHINGTON] Airlines sued the US government on Monday in an attempt to overturn its plan to auction take-off and landing slots at crowded airports in a bid to ease delays. The
      Reuters  -  517 words
    • Article, Illustration
      Lock icon UAL pilots union calls for CEO Tilton to resign
      418 20 Reuters [CHICAGO] The pilots union at UAL Corp's United Airlines called for UAL chief executive Glenn Tilton to resign on Monday, spotlighting the increasingly thorny relationship between the airline and its most powerful union. In a statement, the Air Line Pilots
      – Reuters  -  418 words
    • Article
      Lock icon Delta, Northwest pilots OK contract
      237 20 Bloomberg [ATLANTA] Delta Air Lines Inc and Northwest Airlines Corp pilots approved a new joint contract, clearing the way for combining their unions after a merger that will create the world's largest carrier. The accord was supported by more than 61 per cent of Delta
      – Bloomberg  -  237 words
    • Article
      Lock icon FAA to review oxygen masks failure
      171 20 -LAT [LOS ANGELES] The Federal Aviation Administration (FAA) is reviewing the widespread failure of passenger oxygen masks aboard an American Airlines flight that made an emergency landing last week at Los Angeles International Airport. Initial reports indicated that almost half the masks either did
      -LAT  -  171 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2579 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), A' (FIN), AT. Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airline .BA), BO: Bouraq Airlines (BOU), BR: EVA Airways Corpn (EVA),
      2,579 words
  • Page 20 Advertisements
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      147 20 11-"-! yj^y ii B%- ERP gantry locations and prices Live traffic news Uxi\ \wM*\*% 2U Building name and block numbers Shortest and quickest routes Shopping Centres Schools Exciting Features: T"»l TWfrhW Elegantly stylish 32" Full HD \aU| wjf j^MT~ "N Entertainment TV ~-»^3>-_a^Lr^ Phenomenal picture quality sharper, clearer, more ?__r
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      384 20 CRYPTIC CROSSWORD ACROSS I, I 12 I 13 I 14 I 15 I 17 I IS I I Enjoy the sunshine before WU monster film, dance and I^HI I^H 6 Old American gets hold of I piano work (4) I^HI 10 You're licensed to house ts— something old and valuable
      384 words
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  • SHIPPING
    • Article
      Lock icon Yangzijiang doubles Q2 profit to 338.2m yuan
      369 21  -  VINCENT WEE Q2 revenue rose on higher productivity and contributions [SINGAPORE] China-based Yangzijiang Shipbuilding more than doubled its se-cond-quarter profit to 338.2 million yuan (5569.4 million) from 145.9 million yuan, as revenue tripled to 1.77 billion yuan from 507.3 million yuan. First-half profit
      369 words
    • Article, Illustration
      Lock icon Is UPS talking to TNT or is it just another rumour?
      891 21 Reuters [CHICAGO] In the world of package companies, there is one story you can rely on to come up with mind-numbing regularity: speculation that either United Parcel Service Inc or FedEx Corp are in talks to buy TNT NY.
      – Reuters  -  891 words
    • Article, Illustration
      Lock icon Unilateral action on emissions levy
      695 21  -  DAVID HUGHES STRAIT TALK It's time Asian shipowners and governments voiced their reservations OPPOSITION by UK-based Greek shipowners to a proposed levy on CO2 emissions from ships has caused controversy and provoked a reaction that should sound warning bells to Asian owners. Last week, the
      REUTERS  -  695 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        167 21 '000 u_ CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.60 0.36 2.27 073
        167 words
      • Article
        Lock icon BANGKOK
        15 21 '00 12 Baht Vol Precious Ship Regional Cont 20.20 16.10 0.10 0.30 1078 354
        15 words
      • Article
        Lock icon HONGKONG
        14 21 '000 12 HK! Vol Ooil Singamas Cont 29.20 1.60 0.60 -0.03 1269 1884
        14 words
      • Article
        Lock icon PHILIPPINES
        25 21 '000 12 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.30 30.00 unch unch 0.20 unch unch unch 1897 66 0 0
        25 words
      • Article
        Lock icon TAIPEI
        23 21 Evergreen Marine ...19.90 First Steamship 53.30 Wan Hai Lines 17.60 Yang Ming Marine ..18.30 -0.55 -1.50 -0.35 -0.45 11 5 4 11
        23 words
      • Article
        Lock icon TOKYO
        43 21 '000 Aug 12 'en Kawasaki Hvy Ind...253.00 -5.00 9947 Kawasaki Kisen 726.00 7.00 ***** Mitsubishi Hvy 549.00 -2.00 ***** Mitsui Eng&Sbldg ..245.00 -12.00 ***** Mitsui Osk Lines ..1215.00 5.00 ***** Nippon Express 465.00 -10.00 3826 Nippon Yusen 843.00 -4.00 ***** Source: Reuters
        43 words
    • Article
      Lock icon Tax relief wanted for transport operators
      259 21 Xinhua [KUALA LUMPUR] The Malaysia Fruit Exporters Association (MFEA) has proposed double taxation relief be given to local and foreign carriers and shipping lines, the national news agency Bernama reported on Monday. In a memorandum to the International Trade and Industry Ministry annual dialogue
      Xinhua  -  259 words
  • Page 21 Advertisements
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      22 21 I Place your AGM and EGM I notices in our newspapers. I Call 1800 289 8822 or email I I notices@sph.com.sg. I
      22 words
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      Lock icon Page 21 Advertisements Column 2
      47 21 CHANGE OF COMPANY NAME geocycle Geocycle Singapore Pte Ltd We are pleased to announce that we have changed our jointventure company name from ecoWise Materials Pte Ltd to Geocycle Singapore Pte Ltd with effect from 1 August 2008. ecoWise Hokim' ecoWise Holdings Limited Holcim (Singapore) Pte Ltd
      47 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Weathering the economic storm
      522 22 ONE week may be a long time in politics, but on the economic front, a sea change in prospects in a matter of weeks is unusual. But we live in unusual times. Less than a month ago, it seemed as though global inflation would be the
      522 words
    • Article, Illustration
      Lock icon Change in perception, not underlying facts
      1082 22  -  G PANICKER Days of cheap oil are not about to return, going by the supply and demand numbers IF THE Russian attack on Georgia had occurred a month ago, oil prices would have set another record. In fact, an explosion at the Baku-Tbilisi-Ceyhan (BTC)
      AFP  -  1,082 words
    • Article, Illustration
      Lock icon China moving slowly but steadily on rights issue
      786 22  -  FRANK CHING THE BOTTOM LINE IN the months leading up to the Beijing Olympics, there was much talk about the state of human rights in China. Some declared that human rights continued to deteriorate, while others insisted that the situation had been
      786 words
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      Lock icon Honeymoons and low-hanging fruit
      1949 23  -  NGIAM TONG DOW Singapore's experience in rising from a 'low-cost, low-tech' economy holds some useful lessons for countries in Africa YOU have to possess a tough mindset to practise development economics in emergent countries. Accept reality as it is not what you wish it to be.
      AFP  -  1,949 words
    • Article
      Lock icon Japanese survey raises questions
      201 23 I REFER to your article "Singapore's 'Gateway to Asia' tag takes beating" (BT, Aug 5). We note that the article was based on a survey commissioned by Japan's Ministry of Economy, Trade and Industry to determine Japan's attractiveness to foreign direct investments. The focus was on
      201 words
    • Article
      Lock icon T+3 means something different in the US
      364 23 I REFER to the letter "Settlement timeframe in line with US, UK" (BT, Aug 7). Mr Ramaswami, senior executive vice-president and chief operating officer of the Singapore Exchange (SGX), says in his letter: "Our settlement timeframe of trade plus three days (T+3) is
      364 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8675 24 Transaction date: Aug 12 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div GrYld Net lh Low Buyer Seller C'vr P/E MCap $mil Hi* Com[ >an] 5716 1st Software 16 5.5 3148 STelecom 21.5 7.5 5834 A-Sonic 110 100 6389 ABFSG Bond ETF
      8,675 words
    • Article
      Lock icon SGX XTRANET
      70 24 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|< 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 ISMSCI Spore 6101 ISS&P500 6170 SPDRS 398.3 285 6009 STI ETF
      70 words
    • Article
      Lock icon SGX CATALIST
      1792 24 52-Wk Tel Hiqh Low Code Last Sale Vol COOO] Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Comi Hii 20 11.5 1181 s AAGrp 31 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 10 2 1501 s Advanced System 38 19
      1,792 words
    • Article
      Lock icon CLOB INTERNATIONAL
      207 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      207 words
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      25 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB §SsS| 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. i^^^^^^B
      25 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      361 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Am 11 World Index Preliminary 973.1 0.8 -14.0 1.2 -15.6 0.8 -13.! EAFE Preliminai 921.2 1.2 -17.8 1.6 -18.7 1.2 -17.1 Euro[ Prelim inan 1260.9 1.2 -18.3 1.4 -19.4 1.1 -17.7 Pacific
      361 words
    • Article
      Lock icon PALM OIL
      61 25 Aug 11 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Aug 08 2711 Sep 08 2710 Oct 08 2725 Nov 08 2725 Total o/p: ***** contracts 2676 2720 2700 2674 2722 2663 2671 2728 2659 2670 2725 2659 Turnover: ***** Market tone:
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    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Aug 12 ten Hji Sett STI SIMSCI Aui 345.6 347.5 342.9 Taiwan Aui 282.1 283.9 281.5 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 Aug 12 Bid Offer 1-month 1.4087 1.4101 2-months 1.4068 1.4083 3-months 1.4049 1.4064 6-months 1.3996 1.4013 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Aug 12 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2375 1.2389 0.8773 0.8775 Canadian dollar 1.3177 1.3193 0.9341 0.9345 Euro 2.1021 2.1044 1.4902 1.4906 NZ dollar 0.9835 0.9849 0.6972 0.6976 Sterlini ind 2.6872 2.6899 1.9050 1.905: US dollar 1.4106 1.4118
      154 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      306 25 Aug 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.1750 96.9600 96.8650 96.6950 ***** ***** 8455 4615 EUROYEN TIBOR FUTURES Sep08 99.170 99.175 Dec08 99.200 99.200 Mar09 99.210 99.210 Jun09 99.180 99.180 Sep09 Dec09 Mar10 Jun10 99.165 99.200 99.205 99.175 99.175 99.180
      306 words
    • Article
      Lock icon SICOM FUTURES
      297 25 Aug 12 KUbbbK Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Sep 08 Oct 08 Nov 08 Dec 08 Jan/Mar 09 Apr/Jun 09 408.25 402.00 398.50 397.00 395.25 396.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      297 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 As at 9am Aug 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2400 1.2550 Can dollar 1.3130 1.3290 Euro 2.0930 2.1200 NZ dollar 0.9800 1.0000 Sterlini ind 2.6840 2.7131 US dollar 1.4030 1.4190 Local dollars to 100 units of foreign
      130 words
    • Article
      Lock icon INTERBANK RATES
      173 25 Aug 12 Overnight 1-month 2-months 3-months Overnight mode: 3/4 US$ 5/8 15/16 1 1/16 1 1/8 Offer 1/2 13/16 15/16 1 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.40 2.62 2.85 3.03 3.20 3.32 3.43 Offer 2.30 2.52 2.75
      173 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 25 Aug 12 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.939 6.022 0.589 6.851 37.232 80.458 0.964 9.080 2.917 1.258 64.708 39.114 1.238 6.825 0.953 27.361 29.612 0.461 0.877 Canada 1.065 6.412 0.627 7.296
      465 words
    • Article
      Lock icon PRECIOUS METALS
      137 25 Aug 12 GOLD (USS/oz) Aui 12 Au( 11 Hong Kong London 806.00 864.20 807.00 865.20 Aug 08 Aug 11 851.80 853.10 853.00 854.10 Source: Reuters CAST BAR M) Aug 12 Buying Sellim Kilobar "39,661.69" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
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    • Article
      Lock icon LONDON METALS
      70 25 Aug 11 Co iiuiii, yy.i (US$/tonne) Close Previous Cash 2779.00 2799.80 3 months 2833.00 2850.00 Copper, Grade A (US$/tonne) Cash 3 months 7432.00 7330.00 7523.00 7400.00 Lead (US$/tonne) Cash 1932.00 3 months 1925.00 1983.50 1974.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
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    • Article
      Lock icon LIFFE
      77 25 Aug 11 (£/tonne) Close Prev Hii ih/Low Sep 08 1461 1463 1488/1455 Dec 08 1466 1467 1495/1462 Mar 09 1465 1464 1483/1462 May 09 1469 unch 1489/1465 COFFEE (US$/tonne) Close Pev High/Low Sep 08 2319 2325 2355/2315 Nov 08 2309 2312 2341/2306 Jan 09 2276 2270 2300/2275 SUGAR (US
      77 words
    • Article
      Lock icon SIBOR
      78 25 Aug 12 (US$) (S$) 2.***** 0.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths
      78 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 25 Aug 12 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****Z 13.11.08 1-Year BY*****N 04.05.09 0.63 0.89 0.63 0.5 0.88 0.8 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
      92 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Aug 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 08 1215.00 1199.00 1219.00 1203.00 Sep 08 1189.50 1177.00 1195.00 1180.00 Nov 08 1196.00 1180.50 1201.00 1180.00 Jan 09 1213.50 1198.25 1219.00 1200.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 08 50.41 50.39 51.00
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      79 25 CRUDE OIL PRODUCTS Aug 11 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 113.65 -1.39 WTI (Near Mth) 114.59 -0.76 Dubai (1 -Mth F) 113.45 -0.74 Tapis blend 124.45 -1.05 Minas 117.85 -1.8 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 109.05 138.15 -1.25 0.35 USS/barrel
      79 words
    • Article
      Lock icon BONDS & WARRANTS
      1075 25 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 3816 Asiasons Capital Ltd W*****7 J 6 -1 50 1 6 5 1.64 13 Capitaland MBL ECW*****4 12.5 -0.5 4165 0.3 520 3 Capitaland MBL ECW*****2 6.5 -0.5 830
      1,075 words
  • Page 25 Advertisements
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      183 25 Will Gold Reach US$l,OOO again? ™h l a!? d rives d G? alf oldPriT; f w Global demand and supply mine production and inventory figures -y^fc, Qf J3 jf 3 dOWntUrn from h©r©? Holdings sales by World Gold Council, International Monetary Fund and Central Banks Strength of the U.S. dollar
      183 words
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  • Page 26 Advertisements
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      5613 28 KSI HBHHH i b Mmmmr m rssl Fmitt loiiYi«Aiis*TroN6Rolipi K^lBHlllBffiiPlfHliiPiiliHflil RMMiI Hi north west express line *.&4*_***y*i&»/*tf] MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES (SINCE 1970) HM^H I VESSEL I VOY Singapore Fremantle Cocos Island Christmas Island Pasir Gudang OWNS OPERATES THE YOUNGEST FLEET ■■■■■HißHliJllHi^^^^^H il
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  • MOTORING
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      Lock icon Bufori gets its first authorised dealer here
      532 29  -  SAMUEL EE Bufori Singapore promises customers 'an exclusive buying experience' A "technologically advanced" car that has a "vintage" appearance and can be customised to suit all tastes is chasing at least three Singapore buyers a year. But you will need to be pretty
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      580 29  -  SAMUEL EE A high-end car showroom could very well open its doors in the unlikely Newton area by year-end if SC Global Developments Ltd's plans zoom off. The upmarket property developer has been marketing the ground floor of its soon-to-be-completed Newton 200
      580 words
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      243 29 —J t^ MOTORWAY gg CAR RENTALS Ifffißfllll Bb^^lS sports luxury cars rental OVER 6O MEDICAL SPECIALISTS. F^SH 8MW645C1 $800 per day 11 I i i f l^fey MercedesßenzSL3so SiOOOperday DCS I gne<3 tO ITieet 811 yOU X X\tt \VC\C2I X£ X\ttQ S. Mercedes Benz 5350 7G-Tronic $600 per day Mercedes
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  • executive Money
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      Lock icon Benefiting from risk management tools
      984 30 Private banks are helping clients to get a better understanding of the impact of their investment decisions through the use of risk analytics, reports GENEVIEVE CUA HEIGHTENED volatility and a prolonged credit crunch may cause clients to fret about some portfolio holdings. But if you
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      Lock icon Strike a rebalance in your investments
      945 30  -  PAUL J LIM -NYT IN THIS volatile market, investors have been understandably preoccupied with the day-to-day swings in stock prices. But instead of fixating on ticker movements, you might better spend your time paying attention to how this slide is affecting your long-term asset
      -NYT; AFP  -  945 words
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      Lock icon Manic markets test investors' fortitude
      672 31  -  JEFF APPLEGATE MARKETS can be manic. When the bulls are stampeding down Wall Street, prices often climb well beyond the explicable as investors extrapolate every bit of good news into infinite riches. Likewise, bear markets can drive prices to such depths of despair that they
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      Lock icon Reaping the wisdom of financial literacy
      823 31 LETTER TO THE EDITOR I WOULD like to respond to the article "Start saving to get on to the wealth track" ((BT, Aug 6). A person's spending habits have nothing to do with their financial literacy. I believe Mr Clitheroe was generalising when he
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      179 30 VS j P^^ \J 1 If you are in any of these situations: "^^^^^fci. I V,' v/~N Vr\ Mm nr I f**—' 1 You are entrusted to set up new business in Singapore, either with overseas or f^^^ M M —^»=ilocal partners, and don't know how and where to begin
      179 words
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      783 31 ADVERTISEMENT AIA unveils funds private sdlutidns with private bank by a i g ac v j S ory service AIA has launched a series of Mr portfolios designed to give investors a taste of asset allocation and investment advisory by a private bank. The "Private Solutions" BrC^* AM series is
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  • RISK AND RETURN
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      Lock icon Opportunities in times of turmoil
      1375 32 MICHELLE QUAH looks at how Asian corporations can take advantage of the global economic upheaval to invest for the long term THE last part of our four-part series on the risks and rewards of the current global environment will look at the opportunities present during
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