The Business Times, 26 August 2008

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Microfilm: NL29449
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday,August26,2ooB
    20 words
  • Article
    Lock icon SingTel buys 60% of rival IT company SCS
    563 1  -  WINSTON CHAI Mandatory offer for rest of shares to be made at $1.50 By [SINGAPORE] Singapore Telecommunications (SingTel) has bought a 60 per cent stake in Singapore Computer Systems (SCS) in a move that will cement its dominance in the local government
    563 words
  • Article
    Lock icon Property subsales – who wins and who loses
    1032 1  - Property subsales who wins and who loses KALPANA RASHIWALA LIRA and Savills Research Consultancy, Aug 19, 2008 For those who sold in the first seven months of this year, close to 97% came out ahead By [SINGAPORE] Sentiment in the Singapore property market is now far from bullish, but data
    : LIRA and Savills Research & Consultancy, Aug 19, 2008  -  1,032 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lorn lam KL COMP 1,078.73 -6.87 NIKKEI 225 12,878.66 +212.62 HANG SENG 21,104.79 +712.73 SET INDEX 678.20 -3.73 JAKARTA COMP 2,127.22 +6.73 MANILA COMP Closed SEOUL COMP 1,502.11 +5.20 SHENZHENB 374.80 -1.31 MUMBAI IND 14,450.35 +48.86 NOON EDT Cham DOW 11,410.92 -217.14 NASDAQ 2,367.52 -47.19
      46 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.906 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.87 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      44 1 uss SS US$ (S$ per US$) 1.419 (US$/S$ per 1.846 2.618 EURO (US$/S$/E) 1.474 2.091 YEN 110.00 77.50 RM 3.375 2.379 HK$ 7.809 5.504 BAHT 34.10 24.03 RUPIAH 9,160 6,456 RENMINBI 6.844 4.824 INDIAN RUPEE 43.67 30.78 A$ 1.156 0.815 NZ$ 1.416 0.998
      44 words
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      30 1 To all watch lovers Would you like to own this unique timepiece? If you do, then find out how in a 72-page watch supplement in The Business Times this Friday.
      30 words
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      3 1 8 *****1 *****4
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      213 1 The Manero Perpetual Calendar. An exquisite grand complication watch with a novel moon phase display. Uniquely eye-catching, the graduated moon This superlative COSC-certified chronometer A true beauty inside out, the phase display at 6 o'clock indicates the moon's combines smart elegance with intricate mechanics Manero Perpetual Calendar is precise position
      213 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      46 1 COMPANIES SMEInc f^!w PROPERTY BE INSPIRED I —I EngWah sells Branding: Beyond the f Vendors drop prices Zap for daily inspiration. 4 properties to clever marketing of Asia-Pac commercial Win a Zegna Sport i-Pod Jacket! founder page 6 page 14 assets page 30 page 6 I—B—B
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  • TOP STORIES
    • Article
      Lock icon CapitaLand shares slide to 2-year low
      466 2  -  YEN SREENIVASAN Funds selling down regional property stocks as outlook gets more downbeat By [SINGAPORE] The stock of the region's largest listed property group is taking a sharp knock as funds bail out of regional property stocks amid an increasing bearish outlook for the
      466 words
    • Article
      Lock icon Japan to tackle slowdown
      285 2  -  ANTHONY ROWLEY LDP official says fiscal package could total 2-3 trillion yen By in Tokyo THE government is expected to announce a fiscal stimulus package of between two trillion yen (5525.8 billion) and three trillion yen by the end of this week, a senior official of
      285 words
    • Article
      Lock icon Subsale property gains top out at $4.2m
      880 2  -  KALPANA RASHIWALA But Cosmopolitan penthouse seller nurses $463,400 loss By [SINGAPORE] The biggest profit in absolute dollar terms from a subsale deal in the first seven months of this year was $4.2 million, reaped for a 22nd-floor unit at The Grange. It was
      880 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Summer heat, gloom get to US merger market
        65 2 THE merger market is suffering the worst "dog days of summer" in 16 years. While merger volume traditionally slows in August as Wall Street investment bankers escape to the Hamptons, this year's US deal volume is on track to be the slowest
        65 words
      • Article
        Lock icon S'pore to stick to rising dollar policy for now: Hng Kiang
        83 2 SINGAPORE'S current policy of a rising dollar will stay for now, even if it may hurt some local exporters, according to Trade and Industry Minister Lim Hng Kiang. Mr Lim, who is also deputy chairman of the Monetary Authority
        83 words
      • Article
        Lock icon Eng Wah sells 4 properties to founder, MD for $100m
        75 2 ENG Wah Organization has agreed to sell four of its properties to its founder and controlling shareholder Goh Eng Wah, and his daughter, managing director Goh Mm Yen, for $99.48 million. The cinema operator and film distributor said yesterday that
        75 words
      • Article
        Lock icon Raffles Education profit doubles to $98.8m
        61 2 RAFFLES Education Group has doubled its full-year net profit to $98.8 million, thanks to strong revenue growth, a jump in other operating income, and negative goodwill. For the 12 months ended June 30, 2008, turnover came to $190 million, while earnings per share rose
        61 words
      • Article
        Lock icon July CPI up 6.5%, above 6.1% forecast
        66 2 SINGAPORE registered a higher-than-expected inflation rate last month with the consumer price index jumping 6.5 per cent in July over the year ago period. The consensus forecast was 6.1 per cent. Still, July's CPI rise eased from a high of a 7.5 per
        66 words
      • Article
        Lock icon Fed seeks a new regulatory framework
        81 2 US Federal Reserve chairman Ben Bernanke's suggestion that financial supervision be revamped to take into account the health of the entire system is a logical response to recent market turmoil, but may be a difficult concept to execute. A year into a financial tsunami
        81 words
      • Article
        Lock icon China considers US$54b stimulus plan
        73 2 CHINA is considering a US$54 billion stimulus plan involving tax cuts and government spending, state media said yesterday, in another sign that boosting the economy is becoming a priority. The 370 billion yuan (5576.6 billion) proposal, which has yet to be finalised, includes 220 billion
        73 words
      • Article
        Lock icon Vendors drop Asia-Pac commercial property prices
        68 2 COMMERCIAL properties in the Asia-Pacific region have been priced down by 25-100 basis points in the past three to four months, more in line with investor expectations, property firm DTZ said yesterday. "The number is an average figure it varies from market to market,"
        68 words
    • Article, Illustration
      Lock icon S'pore to stick to rising dollar policy for now: Hng Kiang
      532 4  -  CHUANG PECK MING Fighting inflation top priority, though job creation may slow, exports may be hurt By [SINGAPORE] Singapore's current policy of a rising dollar will stay for now, even if it may hurt some local exporters, according to
      532 words
    • Article, Illustration
      Lock icon Summer heat, gloom get to US merger market
      895 4 Reuters Deal volume so far this month is down 53% from a year ago [PHILADELPHIA] The merger market is suffering the worst "dog days of summer" in 16 years. While merger volume traditionally slows in August as Wall Street investment bankers escape
      – Reuters; BLOOMBERG  -  895 words
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      38 2 Mr Hee Theng Fong On being conferred the National Day Award 2008 Public Service Medal Pingat Bakti Masyarakat (PBM) By His Excellency, The President of the Republic of Singapore With Best Wishes From: I HIB DATAPULSE TECHNOLOGY LIMITED >$|
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      Lock icon Page 2 Advertisements Column 2
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      1185 4 theo)mpaniesact,cap.so UNITED OVERSEAS BANK LIMITED EU V AN SANG INTERNATIONAL LTD I I I I AND Company Registration No. *****0026Z Co Reg No *****2179H J INTHEMATTEROF (Incorporated in the Republic of Singapore) (Incorporated in Singapore) OAKESVERDE PTE. LTD. LOST SHARE CERTIFICATES LO«ST qHIRF TERTIFirATE l^*m' (Companyßegistration N0.*****2730M) LOST SHARE CERTIFICATE
      1,185 words
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  • COMPANY NEWS
    • Article
      Lock icon SingTel's IT services unit set for shake-up
      700 5  -  WINSTON CHAI BY MAKING a swoop for SCS (Singapore Computer Systems), Sing Tel has netted an unassailable technology services lead in the local government sector, along with additional revenue streams from burgeoning IT markets across the region. What is left unsaid, however, is
      700 words
    • Article, Illustration
      Lock icon Eng Wah sells 4 properties to founder, MD for $100m
      612 6  -  CONRAD TAN Sale of assets will facilitate cinema operator's reverse takeover by Transcu By ENG Wah Organization has agreed to sell four of its properties to its founder and controlling shareholder Goh Eng Wah, and his daughter, managing director Goh
      FILE PHOTO  -  612 words
    • Article
      Lock icon Tritech wins cavern feasibility study tender
      343 6  -  RONNIE LIM It beats 2 firms to clinch the $1.77 m award from JTC By I NEWLY listed Tritech Group has won the tender to study possible economic uses for Singapore's underground rock caverns (URCs), which could range from power stations and wafer fabs
      343 words
    • Article, Illustration
      Lock icon Lian Beng to pay 3 executive directors profit-sharing bonus
      299 6  -  ARTHUR SIM By LIAN Beng Group says three of its executive directors will be paid a profitsharing bonus based on the group's audited net profits before tax and before extraordinary items (PBT). The trio managing director Ong Pang Aik, Ong Lay
      299 words
    • COMPANY BRIEFS
      • Article
        Lock icon DMX Tech wins 63m yuan China contract
        43 6 DMX Technologies Group Limited said it has won a 63 million yuan contract from Hubei Chutian Broadcasting Network Co Ltd, Hubei province's cable TV operator, in the first phase of the province's cable TV digitisation programme.
        43 words
      • Article
        Lock icon UOB increases stake in Thai subsidiary
        53 6 UNITED Overseas Bank Limited (UOB) has purchased 675,842 ordinary shares in its subsidiary, United Overseas Bank (Thai) Public Company Limited, for 16.83 million Thai baht in cash. After the purchase, UOB holds 2.47 billion shares of 10 Thai baht per share, or a 99.66
        53 words
      • Article
        Lock icon MP Reit refinances $220m loans
        63 6 MACQUARIE Pacific Star, the manager of MP Reit, said MP Reit has entered into a $220 million club deal with three foreign banks to refinance its loans due in end-September 2008. The new two-year loan facility matures in September 2010. It also takes a second
        63 words
      • Article
        Lock icon Silverlake Axis full-year profit jumps 36%
        62 6 SILVERLAKE Axis Ltd said net profit for the financial year ended June 30, 2008 rose 36 per cent to 108.78 million yuan. Revenue rose 11 per cent to 146.95 million yuan as it sold more to its existing banking and new banking customers. It
        62 words
    • Article
      Lock icon SIA Cargo inks outsourcing deal
      470 6  -  AMIT ROY CHOUDHURY Tata unit to handle revenue accounting back office ops By SINGAPORE Airlines Cargo has chosen Indian IT giant, Tata Consultancy Services (TCS), to service its cargo revenue accounting back office processes. This mul-ti-million US dollar contract will be effective for five years.
      470 words
    • Article, Illustration
      Lock icon Raffles Education profit doubles to $98.8m
      414 7  -  OH BOON PING Turnover comes to $190 m, while EPS rises to 4.33 cents from 2.34 cents By RAFFLES Education Group has doubled its full-year net profit to $98.8 million, thanks to strong revenue growth, a jump in other operating income, and negative goodwill.
      414 words
    • Article
      Lock icon AusGroup net profit falls 25% to A$l4.4m
      274 7  -  ARTHUR SIM By ENERGY and resources specialist AusGroup has announced a net profit of A 514.37 million (5517.6 million) for FY2OOB ended June 30, down 24.9 per cent from A 519.13 million for FY2007. Revenue increased 34.8 per cent to A 5378.98 million,
      274 words
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      192 5 HSBPIdHHIPm >** Is I ■MMMiNMIIJii EH I Wm HSBSSS mMiJJwiwi mm Lji k*l Iliffllfliill BJliTHiiilMl wm HI II BBBfIB ffjuiiys^iilli^l IB&Hh se rvco rpß<" a=dti mm til www.servcorp.com.sg risiS I Instantly in Business I From $90* per month! A |l No set up fees, no security deposit, month to month
      192 words
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  • Page 7 Advertisements
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      245 7 ■ft* 1* PT' .-ftiilaSr if lj H| n. lPp1 ''^^■■fiiHHHife ■*a 3BCMI «C 6J 72 75 fiX a.1 07 67 70 08 13 AH "^H E.\^l fc^'^JJ £i fl6 j° jj en 97 02 pPhbm ,^^l W^ Wg I ktish U H k \i^l bJ I r*v PI I Mil
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rises 10 points as caution reigns
      579 8  -  YEN SREENIVASAN STOCKS Few market players willing to take positions despite robust Wall Street Friday close A STRONG Friday close on Wall Street, coupled with softer oil prices, helped perk up most Asian bourses at the start of a new week. But it
      Bloomberg  -  579 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 6 3 0 0 0 6 6 3 lanufacturing 39 54 62 11 42 63 73 Commerce 13 29 16 16 32 21 )t/Stor/Comms 19 20 :inance 16 16 Construction 'roperties 14 15 12 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 7,809 7,809 45,611 45,611 lanufacturing 170,673 9,793 180,466 146,825 939 147,764 lommerce 40,014 13,691 53,705 38,126 4,788 42,913 'pt/Stor/Comms 50,723 279 51,002 135,217 56 135,272 :i nance 25,357 25,357 192,171 192,171 lonstruction 19,384 9,488 28,872 2,269 151 2,420 'roperties
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 tod name lose lam lapitaLand 4.320 -0.130 lapitaMall 2.730 +0.010 lityDev 10.280 +0.300 losco Corp 2.130 +0.010 IBS Grp 17.780 +0.100 :&N 4.340 +0.070 ient Intl 0.510 +0.005 IK Land 3.600 +0.010 ISH 16.140 lardineC&C 17.640 +0.160 Ceppel Corp 10.340 +0.060 Ceppel Land 3.910 -0.020 IOL
      111 words
    • Article
      Lock icon BROKERS' TAKE
      314 8  -  CONRAD TAN S-Shares DBS Group Research, Aug 25 RESULTS were generally in line, with some cuts. Seventy per cent of the 20 companies under review reported results that were either in line or above expectations. In terms of valuation, our S-share group is now trading at a simple
      314 words
    • Article, Illustration
      Lock icon Downtrend stays intact; don't bottom-pick
      403 8  -  KEN TAI CHEE MING, CHART POINT TO MUCH dismay, the March low on the Straits Times Index (STI) failed to provide firm support as the 2,745 level was easily cracked last Tuesday, and the index spent the rest of the week hovering between 2,707 and
      NextVIEW  -  403 words
    • Article, Illustration
      Lock icon Oil slide buoys Wall Street and US dollar
      529 8  -  LARRY WEE CURRENCIES THE US dollar enjoyed a session of broad-based gains yesterday, boosted by a good-looking Wall Street turnaround last Friday. After sliding for most of last week on the back of ongoing financial-sector worries over the fate of Fannie Mac,
      Reuters  -  529 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 Aug 25 VALUE CLOSE IT OB/OS -872.00 +79.0 IT CADI -*****.00 -39.0 IT 10-day MA -*****.00 -87.00 TSE ST Mid Cap 646.46 -1.82 TSE ST Small Cap 519.42 -3.94 TSE ST All Share 680.48 +0.94 TSE ST China Top 333.14 -3.51 TSE ST China 328.03 -2.22 IOB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME CoscoCorpMßl_eCWo9o2o3 25,120,000 E3 Hlds 21,987,000 Golden Agri 21,700,000 China Honqxinq 21,399,000 Capita Land 21,008,000 Ferrochina 20,409,000 Sing Tel 16,423,000 Gent Intl 13,993,000 CapitalandDßeCWo9o2o2 13,868,000 CapitalanMßLeCWo9o2o4 13,480,000 VALUE(S) Capita Land 90,984,175 Sing Tel 57,205,060 DBS Grp 51,619,780 SGX 46,313,950 OCBC Bk 46,292,404 UOB 39,129,880 Wilmar 36,253,312 S
      59 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP China H 10US$ 1460 97.9 5.0 Great Eastern 1578 78.0 5.2 SIA 200 1518 40.0 2.7 DBS MBL iCW*****3 529 36.0 7.3 S I A 1520 32.0 2.2 At 1028 30.0 3: JMH 2900 28.4 0.7 Venture Con 1002 26.0 2.7 Han^ iSem 10US$ 272
      111 words
    • Article
      Lock icon FALLS
      116 8 BY CENTS CLOSE DOWN GLD 10US$ 8080-184.4 -1.6 Austland PG 68 -35.6 -29.9 Korea 10US$ 383 -29.8 -5.2 Sim iTel DBePW*****1 12 -18.0 -60.' OCBC Bk4.5%NCPS 100 9820 -16.0 -0.2 Cmdt 10US$ 384 -15.6 -2.! i Land 432 -13.0 -2.! StraitsAsia 258 -13.0 -4.8 HLFin 323 -12.0 -3.6 175
      116 words
    • Article
      Lock icon CURRENCIES
      84 8 Where S$ stands Aug 25 CHNG CLOSE FR Aug 22 YR2008 S$ LOW S$ HIGH USS 1.4175 -0.74 1.4542 1.3457 Euro 2.0929 -0.24 2.2064 2.0474 Pounds 2.6221 -0.25 2.8431 2.6015® AS 1.2283 0.20 1.3251 1.2075 Yen* 1.2902 -0.14 1.4484 1.2619 Rupiah* 0.***** -0.52 0.***** 0.***** Baht* 4.1569 -0.21 4.4299
      84 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Presumed innocence is core principle: minister
      445 9  -  CHUANG PECK MING YESTERDAY IN PARLIAMENT No govt intention to qualify tenet in any way: Shanmugam By LAW Minister X Shanmugam said yesterday that the government is "absolutely committed" to upholding the presumption of innocence as a core principle of Singapore's justice system. His
      FILE PHOTO  -  445 words
    • IN BRIEF
      • Article
        Lock icon No adverse effect from US submarine leak
        103 9 SINGAPORE was reassured by the United States and its own experts' assessments that the docking of a US nuclear-powered submarine, the USS Houston, here in September 2006 had no adverse impact on public health, marine life or the environment in Singapore when it
        103 words
      • Article
        Lock icon Fair Trading Act extended to financial products and services
        59 9 PARLIAMENT has passed the Consumer Protection (Fair Trading) (Amendment) Bill which, among other things, extends the Fair Trading Act to financial products and services. It also extends the cooling-off period that currently covers timeshare contracts to timeshare products. The amendment further
        59 words
      • Article
        Lock icon Easier now for overseas Singaporeans to vote
        48 9 PARLIAMENT also passed the Parliamentary (Amendment) Bill which makes it easier for overseas Singaporeans to vote. Among the changes: a shorter residential period requirement; refinement of disqualification of Singaporeans who are on foreign electoral registers; and a simplification of registration procedure.
        48 words
      • Article
        Lock icon Estate duty abolished for deaths on and after Feb 15
        101 9 ANOTHER bill that was passed was the Estate Duty (Abolitions) Bill which got rid of the estate duty for deaths occurring on and after Feb 15, 2008. Deaths occurring before Feb 15 will continue to be liable for estate duty.
        101 words
    • Article, Illustration
      Lock icon S'pore 'among top private equity markets in S-E A'
      538 9  -  EMILYN YAP There are a lot of hidden treasures to uncover in region, says Deloitte study By SOUTH-EAST Asia is emerging as an attractive investment destination for private equity, and Singapore offers numerous opportunities in the high-tech manufacturing, oil engineering, healthcare
      538 words
    • Article
      Lock icon S'pore researcher wins global award for vaccine work
      379 10  -  DIONDI TAN MIT magazine picks 35 of world's top young researchers By A YOUNG researcher at A*Star's Institute for Infocomm Research has won a top global award for his work on personalised vaccine design. Victor Tong Joo Chuan has won a TR3S
      379 words
    • Article, Illustration
      Lock icon SINGAPORE'S NEW HEROINES
      115 10 ARTHUR LEE [SINGAPORE] It was celebration time at Raffles City Shopping Centre yesterday, with about 1,000 fans turning up to welcome home Team Singapore from Beijing. The stars of the show were, of course, Singapore's Olympic silver medal-winning women's table tennis team comprising (front row, from right)
      ARTHUR LEE  -  115 words
    • Article, Illustration
      Lock icon July CPI hits 6.5%, above 6.1% forecast
      483 10  -  JAMIE LEE Jump was due mainly to a rise in housing costs and electricity tariffs By SINGAPORE registered a higher-than-expected inflation rate last month with the consumer price index (CPI) jumping 6.5 per cent in July over the year ago period. The consensus
      FILE PHOTO  -  483 words
    • Article
      Lock icon Hill-Rom to invest $20-30m in R&D centre
      209 10  -  RACHEL SIM By US-BASED hospital bed maker Hill-Rom is spending $20-30 million on an R&D centre that officially opened here yesterday. Hill-Rom will employ 17 engineers at first mostly locals and hopes to quickly boost the work force to about 50-60. "We want
      209 words
    • Article
      Lock icon Government to permit 18-year-olds to enter contracts
      367 10  -  CONRAD TAN They will also be allowed to act as directors of firms By THE government will lower the minimum age at which a person can enter into a legal contract to 18 years from 21, to make it easier for young people
      367 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Two cleaning firms face fines
        74 10 THE Ministry of Manpower (MOM) has prosecuted two cleaning companies Home and Industrial Maintenance Services and IMM IMM Cleaning Services and their directors for failing to pay their employees. The ministry is stepping up enforcement efforts on employment conditions of workers, especially lower salaried workers.
        74 words
      • Article
        Lock icon Lui to visit Japan, HK to study NGN
        84 10 SENIOR Minister of State for Education and Information, Communications and the Arts Lvi Tuck Yew will be visiting Japan and Hong Kong from Aug 25 to 29 to gain a deeper understanding of the development of Next Generation Networks (NGN) and related
        84 words
  • Page 9 Advertisements
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      315 9 40F 4 1 T)^^'" L^H vnp^ j ii ii r^ J HiißHßi MOVE UP BELTS IN ONLINE TRADING What you'll gain from our master classes: Our sophisticated teaching techniques mean you won't have to deal with messy CD-ROMs. Simply j. nst ant answers to your questions via an online forum
      315 words
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  • Page 10 Advertisements
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      53 10 DISCOVER YOURSELF! (INENGUSH) With just a birth date, get to know your: Character Suitable careers Lucky colours 1900-914-0002 Calls at $0,214 cents/mm (inclusive of GST) Callers below 18 years of age must get parental consent. Customer Service Hotline: 6319 2333 This service is provided by SPH Interactive Marketing Services. MF
      53 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed seeks a new regulatory framework
      617 11 Reuters NEWS ANALYSIS But there would be practical difficulties in implementing an overhaul of system [JACKSON HOLE, Wyoming] US Federal Reserve chairman Ben Bernanke's suggestion that financial supervision be revamped to take into account the health of the entire system is a logical response
      – Reuters; BLOOMBERG  -  617 words
    • Article
      Lock icon ECB may tighten collateral rue, says official
      319 11 Reuters Move to ensure banks don't take advantage of system [FRANKFURT] The European Central Bank is set to tighten its collateral framework, ECB governing council member Yves Mersch was reported as saying over the weekend. "At the margins there can still be cases
      Reuters  -  319 words
    • Article
      Lock icon Thailand's Q2 economic growth slows to 0.7%
      237 11 Reuters [BANGKOK] Thailand's economic growth slowed to a seasonally adjusted 0.7 per cent in the second quarter of 2008, the state economic planning agency said yesterday, as inflation and costly oil imports hit consumption and investment. However, the agency raised its full-year growth
      Reuters  -  237 words
  • Page 11 Advertisements
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      248 11 S^M§ ANA strives to give you more convenience. BJrJBJ ■^vff:££ji BBJ WM That's why our morning flights to USA are Kr flli strategically scheduled to reduce transit time ,<S'''sANFßANasco\cHrci\Go dramatically. Now you can connect to our San TOKYO honoiuiu 3 O QNEWYORK Honolulu w\j Francisco and Los Angeles bound flights
      248 words
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  • SME Inc
    • Article, Illustration
      Lock icon Understanding your growth options
      998 12  -  BARRY LEE The process involves being clear about your growth objectives and asking the right questions. The answers will then be clear By GROWTH is often the mantra of entrepreneurs and owners of small or medi-um-size enterprises (SMEs). Depending on available capital and what suits a
      998 words
    • Article, Illustration
      Lock icon Her mission? Teaching economic literacy as an essentia life-skill
      936 12  -  SARA LIM By AS American banks and financial institutions continue to pick up the pieces of the sub-prime and credit crises, entrepreneur and economics instructor Lim K-Lin wonders if a better understanding of the economics of debt among the general public
      AFP  -  936 words
    • Article
      Lock icon It's not just the money that counts
      441 13 Clinton Ang Managing director Cornerstone Wines THE talent outflow affects both MNCs and SMEs. I believe there are positives in this. It's always good to have regional or global experience, take oneself out of one's comfort zone and be tested by new challenges.
      441 words
    • Article
      Lock icon LTA.PROMPT eases approval of road works
      546 13  -  OH BOON PING PRO-ENTERPRISE CHANGES By FOR contractors, getting approval for road works used to be such a hassle. In the past, apart from submitting their applications to the Land Transport Authority, contractors would have to approach the National Parks Board if works involve
      546 words
    • Article, Illustration
      Lock icon Infuse personality into brands
      957 14 ENTREPRENEURSHIP SERIES For SMEs, branding can be a holistic strategy to effectively re-define the way they function and reach their customers, reports lAN POH HEALTH-ORIENTED product innovator OSIM, open-kitchen concept pioneer Breadtalk and exotic-but-affordable getaway provider Banyan Tree these are local start-ups selling very different services
      FILE PHOTO  -  957 words
    • Article, Illustration
      Lock icon Outsourcing and data protection
      873 15 IT MATTERS The Model Code is useful for businesses involved in infocomm outsourcing and personal data transfer, says AMY ANG AS infocomm outsourcing gains traction, the issue of data protection comes to the fore. With outsourcing, a business may transfer the processing of the personal data
      FILE PHOTO  -  873 words
    • Article
      Lock icon Mark of trustworthiness in e-commerce dealings
      134 15 TRUSTSG is a nationwide trust mark initiative to boost the electronic commerce environment in Singapore. This is to help build confidence in e-commerce transactions, especially in the area of privacy and security. Depending on the sectors businesses operate in, they may choose to be
      134 words
  • Page 12 Advertisements
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      36 12 Call 6-531 3700 now for the ACCPAC Specialists Scge ssge Stone Forest IT ISJlifiilSllttilißili UliUUiW^^H www.StoneForestlT.com.sq Call 6-531 3700 now for the IT Specialists m Microsoft flag Stone Forest IT GOLDCERTIFIED BH wllW"v 'wl Partner www.StoneForestlT.com.sg
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      11 12 call 6-222 6868 now Payroll Serve for the Payroll Specialists www.payronserve.com.sg
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      101 13 Trade Smart ljM Ju jM| or* ijji Tjjii^jQ m A^ h M m I Your business I I success is out there. I I Is your bank? I Commercial Banking nODV^ www.hsbc.com.sg/hsbc.commercial The world's local bank Issued by The Hongkong and Shanghai Banking Corporation Limited, which is incorporated in the
      101 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      114 13 sMESsra Topic for next week's SME Voices: "Has the SME Infocomm Package sufficiently addressed the IT needs of SMEs like yours What steps should be taken to ensure its success?" If you are an SME owner or leader, we would like you to share your views on the topic. Please
      114 words
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      100 14 i ifl tt JJ^ .^fl Tj-rvri H x ffi iiffi EL-,1 I—l IY< t|P|i^"C Ir ~ir Th ccountfor 20% ofresale-fiat A purchases, say agents V m It^^^^ PERMANENT residents (PRs) are flocking to buy I lousing Board re^U^tts as high rents start to make ownership a more attractive option. ktß
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      855 15 Brousht to y°u by Singapore Enabling Enterprise Customers experience r^ —w 1 i 'SHIOK!' at Jurong Point J^ J Having implemented their successful loyalty programme and service training for all staff and tenants, Jurong Point attains customer-centric success. E //I ft >^Tl ft '^>jf The Oasis Members' Lounge is a
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Fateful by-election for Anwar today
      652 16  -  S JAYASANKARAN BN pulls out all the stops to prevent his re-election, but odds appear in his favour By in Kuala Lumpur AS the electoral contest for Permatang Pauh in Malaysia's northern Penang state drew to a close yesterday, the Barisan Nasional (BN, or National
      AP  -  652 words
    • Article
      Lock icon M'sia keeps key rate unchanged at 3.5%
      243 16 Reuters [KUALA LUMPUR] Malaysia's central bank left its key rate on hold at 3.50 per cent yesterday, the same level it has been at since April 2006, despite inflation hovering near 27-year highs. Bank Negara Malaysia is the only major central bank in
      Reuters  -  243 words
    • Article
      Lock icon Maybank to appeal to Bank Negara for 81l deal approval
      340 16 Bloomberq [KUALA LUMPUR] Malayan Banking Bhd plans to ask Malaysia's central bank to reinstate approval for a US$2.7 billion takeover of PT Bank Internasional Indonesia (BII) after holding talks with the seller and Indonesian authorities. The central bank dropped its
      Bloomberq  -  340 words
    • Article
      Lock icon Revive world trade talks: Jakarta
      293 16 -AFP [JAKARTA] Indonesia has called on Brazil, China and India to help revive the stalled Doha Round of trade talks at a meeting in September, a spokesman for President Susilo Bambang Yudhoyono said yesterday. President Yudhoyono has contacted President Lula da Silva of Brazil, Chinese
      -AFP  -  293 words
    • Article
      Lock icon BURSA MALAYSIA
      2222 16 VOL C000) lug 25 RM ASM Realty 0.45 \bric Bhd 0.17 advance Synergy 0.10 Adventa Bhd 0.95 Ae Multi Hldgs 0.26 Affin Holdings 1.85 Ahmad Zaki Resou 0.70 AicCorp 0.47 \irasia Bhd 1.10 Akn Technology 0.39 alliance Financi 2.69 aluminium Co 1.00 Amalgamated Ind 0.48 Ammb Hldgs Bhd
      2,222 words
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      68 16 *^™*l». Find of the day: Beatles stopover in Paya Lebar 1964 IJULY Find of the day: Rollei loses battle for survival 1981 2 JULY |n 1 T Find of the day: Panther captured after 24 days 1975 3 JULY Find Of The Day Learn something new about Singapore every day.
      68 words
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      94 16 SAVE TAX Our qualified professionals WjlL\~L^ -tf can assist you with offshore j| J structures, shelf companies and incorporations in ALL jurisdictions including: uuj'aß P« British Virgin Islands Cayman Islands Bahamas Seychelles Hongkong Samoa il, banking and corporate assets protection estate I For further information and immediate service please contact:
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China considers US$54b stimulus plan
      517 17 ■AFP Proposals include govt spending, tax cuts to boost economy: paper [SHANGHAI] China is considering a US$54 billion stimulus plan involving tax cuts and government spending, state media said yesterday, in another sign that boosting the economy is becoming a priority. The 370 billion yuan
      ■AFP  -  517 words
    • Article
      Lock icon HKMA hires top banker to help ailing Exchange Fund
      355 17 Reuters [HONG KONG] Hong Kong's central bank has hired a veteran Asian banker to help direct the investment strategy of its Exchange Fund, which posted a loss for the first half, its worst performance in seven years. The Hong Kong Monetary
      – Reuters  -  355 words
    • Article, Illustration
      Lock icon PTC India to import coal, buy stakes in mines
      632 17 Bloomberg The company is looking to invest in Indonesia and India [MUMBAI] PTC India Ltd, the nation's biggest electricity trading company, plans to import coal and may buy stakes in overseas mines to diversify its business amid increased competition. PTC is
      Bloomberg; REUTERS  -  632 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Sharif pulls party out of coalition
      475 18 Reuters The departure of his party is not expected to force a general election [ISLAMABAD] Former Pakistani prime minister Nawaz Sharif pulled his party out of the ruling coalition yesterday, deepening a political crisis that has diverted government attention from pressing security and economic
      Reuters; Bloomberg; AFP  -  475 words
    • Article
      Lock icon US existing home sales up 3.1% in July
      535 18 LATEST US DATA [NEW YORK] Sales of previously owned homes in the US rose in July from a 10-year low, while the gain wasn't enough to reduce the supply of properties on the market. Resales rose 3.1 per cent, more than forecast,
      535 words
    • Article, Illustration
      Lock icon Kookmin shareholders support restructure into holding company
      711 18 Bloomberg [SEOUL] South Korea's Kookmin Bank won support from shareholders yesterday for its planned transformation into a holding company, removing a hurdle to its expansion drive and boosting its shares by more than 3 per cent. Kookmin, the country's top commercial lender, said
      Bloomberg; BLOOMBERG FILE PHOTO  -  711 words
    • Article
      Lock icon Thai prosecutors ask Supreme Court to seize Thaksin's assets
      414 18 Reuters, AFP [BANGKOK] Thai prosecutors asked the Supreme Court yesterday to seize former Prime Minister Thaksin Shinawatra's 76 billion baht (553.2 billion) in assets frozen in Thai banks after he was ousted in a 2006 coup. In 300,000 pages of documents
      Reuters,; AFP  -  414 words
    • Article
      Lock icon Kirin expanding food business in Australia
      473 19 -Reuters Latest push is subsidiary's USs7Bom offer for Dairy Farmers [MELBOURNE] Japanese brewer Kirin Holdings is expanding its food business in Australia through unit National Foods' USS7BO million acquisition of Dairy Farmers, helping it diversify away from a shrinking domestic beer market as Japan's
      -Reuters  -  473 words
    • Article
      Lock icon UBS to cut H1 bonus: paper
      190 19 Reuters [ZURICH] ÜBS plans to cut first-half bonus payments to its employees by four billion Swiss francs (555.2 billion), Swiss newspaper Sonntag CH reported on Sunday. For 2007, the bank had paid in total 12 billion Swiss francs in bonuses despite substantial writedowns and
      Reuters  -  190 words
    • Article
      Lock icon Pause in Asian buybacks may hurt markets
      526 19 Reuters [HONG KONG] Corporate Asia's rapid pace of stock buybacks is a sign executives want to capitalise on the region's economic promise, but any pause in repurchases could further weigh on battered markets. The total value of share buybacks in Asia-Pacific outside of
      Reuters  -  526 words
    • Article, Illustration
      Lock icon MUSIC SET ON FIRE
      64 19 REUTERS [LONDON] This 1965 Fender Stratocaster guitar belonging to Jimi Hendrix has quite a bit of history. It was famously doused with lighter fuel and set alight by the rock legend during a one-off performance at London's Finsbury Astoria in March 1967. Now displayed at a
      REUTERS  -  64 words
    • Article
      Lock icon ICGN slams EU's plans to protect auditors
      234 19 Reuters [BRUSSELS] European Union plans to limit how much investors can sue auditors for will encourage accountants to take shortcuts and harm standards, a group of heavyweight investors said yesterday. The International Corporate Governance Network (ICGN), a global group of institutional and private
      Reuters  -  234 words
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      1967 19 IN THE MATTER OF 11iTu1u.m11/11 > INTHEMAnEROF THECOMPAN.ESACT.CAP.SO IN THE MATTER OF NT H E MATTER OF THE COMPANIES ACT, CAP. 50 X^^V CHINA NEW TOWN DEVELOPM ENT COMPANY LIMITED I Me (AIMrAIMIto AUI, UAr. 0U AND J H K&B HOLDINGS PTE LTD AND INTHEMAnEROF ttjfflSfWS^B^fro^fl IN THE MATTER OF
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  • WORLD
    • Article, Illustration
      Lock icon Business puts the party in US party conventions
      792 20 Reuters ANALYSIS Sponsored events planned for Democrats in Denver and Republicans in St Paul [DENVER] Corporate America is lavishing parties on Democrats and Republicans at their presidential nominating conventions, defying promises by lawmakers to "drain the swamp" of special-interest influence in government.
      – Reuters; AFP  -  792 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8624 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.97/ AIGIF Spore Bond Fund/ A 1.34/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.87/ APS Alpha Fund (USD)! A 0.62/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9825/ APS
      8,624 words
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  • AVIATION
    • Article
      Lock icon Oil prices cast a cloud over Thai aviation industry
      519 21 AFP [BANGKOK] High fuel costs have battered Thailand's aviation industry, leaving flag carrier Thai Airways groaning under its losses while smaller operators struggle to survive. Oil prices jumped above US$l47 per barrel on July 11. They have since climbed down but
      AFP  -  519 words
    • Article
      Lock icon Boeing, union still 'miles apart' in talks
      653 21 Bloomberg Machinists carry 'Strike is looming' signs as they rally near talks' venue [SEATTLE] Boeing Co and its machinists are still "miles apart" on the main issues on the fourth day since entering final talks for a three-year contract to replace the deal
      ■ Bloomberg  -  653 words
    • Article
      Lock icon Japan's Takenaka Corp wins $500m job to upgrade Changi T1
      165 21 [SINGAPORE] Japanese mega builder Takenaka Corporation yesterday signed a $500 million contract to upgrade Changi Airport's Terminal 1. The deal was awarded by the Civil Aviation Authority of Singapore (CAAS) and the revamp is based on a "tropical city" concept.
      165 words
    • Article
      Lock icon Pilots up in arms over air safety
      497 21 Reuters [CHICAGO] At a time when US airlines are bleeding money and the outlook is so bleak that carriers must downsize or die, industry leaders cannot afford a public battle with angry pilots over safety matters and risk losing faint-hearted passengers. Nevertheless, recent
      Reuters  -  497 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2524 21 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
      2,524 words
  • Page 21 Advertisements
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      134 21 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Hanoi $546 $251 $82 Vietnam Airlines Vietnam Airlines DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $708 (TliaiAirways) $147 (Thai Airways) $39 Cloudy Brisbane $3,000 (EtihadAirways) $498 (Qantas/BritshAirways) 136 Rain Colombo $1,200 (Cathay Pacific)
      134 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      325 21 CRYPTIC CROSSWORD ACROSS 7 Soft soap required for an 8 IM MS Ms IH|^HH Mai IB Mi blocks rumoured to provide H| U Mi IB Ml BM Ml Ml 10 Disparaging remarks about Hi rap session (10) |Bl H| |Bi Mi nache (4) 12 Bully boy started argument HBflBlH 1H
      325 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Staying aloft needs a joint effort
      487 22 WOUNDED by massive fuel bills and slowing passenger growth, the global airline industry faces its biggest challenge in years. With oil prices well over US$llO per barrel (pbl), the industry is collectively facing a loss of anywhere between US$2.3 billion and US$6.l billion this
      487 words
    • Article, Illustration
      Lock icon Globalisation and the Singapore lawyer
      1268 22  -  CAVINDER BULL It's crucial to stay relevant as globalisation brings new challenges to clients By BUSINESSES around the world have been coming to grips with the realities of globalisation. No longer are businesses thought of in nationalistic terms as "German companies" own British car makers,
      FILE PHOTO  -  1,268 words
    • Article, Illustration
      Lock icon Movement forfreedom in Kashmir worries Delhi
      796 22 THE BOTTOM LINE KASHMIR is on the boil once again. What is worrying ior the Indian government is that this time it is not a small number of militant extremists creating problems but a popular agitation that is becoming a mass movement in the
      796 words
    • Article, Illustration
      Lock icon Can Obama regain momentum?
      1498 23  -  LEON HADAR More Americans perceive him as an 'elitist' while Mr McCain is seen as an 'average guy' ANOTHER important chapter in the story of the Great American Dream will be written during the Democratic National Convention in Denver this week, when Barack Obama will accept
      AP  -  1,498 words
    • Article, Illustration
      Lock icon Yakuza the big winners in Japan's credit crisis
      880 23 New government policies are driving many small-business CEOs to the yakuza's door IF ONLY Japanese bureaucrats had an economic equivalent of medicine's Hippocratic Oath, something like: Don't harm an economy already plagued with limitations. Massive debt, near-ze-ro interest rates, dismal demographics, impending
      AP  -  880 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Cosco H1 profit rises 11% on surging China exports
      480 24 Bloomberg Demand for toys, furniture and clothes fuel sharp increase in sea-cargo traffic [HONG KONG] Cosco Pacific, Asia's third- largest con-tainer-terminal operator, boosted first-half profit by 11 per cent as China's surging exports of toys, furniture and clothes fuelled sea-cargo traffic.
      Bloomberg; BLOOMBERG FILE PHOTO  -  480 words
    • Article
      Lock icon Guangzhou Shipyard H1 profit up 15%
      333 24 Bloomberg It gets to raise prices due to rising vessel demand [BEIJING] Guangzhou Shipyard International Co., a unit of China's biggest shipbuilder, said that first-half net income increased 15 per cent as rising demand for vessels allowed it to increase contract prices. Net income
      Bloomberg  -  333 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 24 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.53 0.35 2.13 0.65 1.93 1.09 0.07 unch 1.25
        101 words
      • Article
        Lock icon KLSE
        30 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.80 8.60 8.30 3.48 3.08 0.14 0.01 unch -0.20 -0.02 0.08 unch 9! 3! 61! 65} 7!
        30 words
      • Article
        Lock icon BANGKOK
        12 24 '00 'recious Ship Regional Cont 20.90 15.30 0.20 0.20 126: 4!
        12 words
      • Article
        Lock icon HONGKONG
        14 24 '000 25 HK$ Vol Doil iingamas Cont .26.10 ...1.61 0.65 unch 99, 401
        14 words
      • Article
        Lock icon PHILIPPINES
        20 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.10 29.50 unch unch unch unch unch unch 11; 120!
        20 words
      • Article
        Lock icon TAIPEI
        19 24 Evergreen Marine ....18.45 :irst Steamship 59.90 /Van Hai Lines 16.85 t'ang Ming Marine...17.65 0.35 3.90 0.45 0.65 1'
        19 words
      • Article
        Lock icon TOKYO
        40 24 '000 gig 25 Yen Vol :awasaki Hvy Ind ..243.00 4.00 ***** :awasaki Kisen 778.00 26.00 3981 /litsubishi Hvy 529.00 11.00 ***** /litsui Eng&Sbldg...231.00 -3.00 135* /litsuiOsk Lines ...1290.00 40.00 625! lippon Express 468.00 14.00 3691 JipponYusen 861.00 20.00 4441
        40 words
    • Article
      Lock icon Posco plans to buy assets in Ukraine
      386 24 Reuters [SEOUL] South Korea's Posco, the world's No 4 steelmaker, may buy iron ore, steel mill and shipyard assets in Ukraine, as it looks to reassure investors who have questioned its potential acquisition of Daewoo Shipbuilding. The plan was a strategic option considered
      – Reuters  -  386 words
    • Article
      Lock icon Fuel costs play key role in US helicopter re-bid
      720 24 Reuters [WASHINGTON] Fuel costs have almost doubled since the US Air Force's first attempt to pick a new search-and-rescue helicopter nearly two years ago, which could play a big role in how the US$l5 billion competition is decided this time around.
      Reuters  -  720 words
    • Article
      Lock icon Pakistan lorry driver strike continues
      221 24 Reuters [KARACHI] A strike by lorry drivers at Pakistan's main port was in its second week yesterday as the tussle between the government and drivers' association kept goods traders concerned over the freeze in shipments. The traders estimate millions of dollars worth of perishable goods
      – Reuters  -  221 words
  • Page 24 Advertisements
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      94 24 JUS*l™ I Orient Marine Pte Ltd I '^^S Exclusive Agent of MARTEK TUM r IM TO Would you save TUNE IW xo someone's life at CiCliU] sea if you could? BIGGEST HITS f —"3 OF THE 90S TILL NOW! Now you can <vv To find out more please email m
      94 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      5542 25 Transaction date: Aug 25 ligh !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mli 5716 1st Software i,'l 6J S I '8 '?8 S ffi FS P Bo 20.5 4.5 1100 AEM 37.5 15 2101 APOil 1) H-i ifS8 'K M U8 27
      5,542 words
    • Article
      Lock icon SGX XTRANET
      69 25 «/k Tel Low Code Last Sale Vol COOP] lay I Low Bui _as1 Quote Div Seller C'vr Net P/E Hii Comi Hii Smil 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 ISMSCI Spore 6101 ISS&P5OO 6170 SPDRS 398.3 278 6009 STI ETF 3977.9 3313.5 6010
      69 words
    • Article
      Lock icon SGX CATALIST
      1794 25 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller Cvr P/E Smil Comi >an' Hii 20 11.5 1181 s AAGrp 31 15 5000 s ABRHIdgs 32 18 8538 s APStrategic 10 2 1501 s Advanced System 38
      1,794 words
    • Article
      Lock icon CLOB INTERNATIONAL
      214 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      214 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      48 25 ROYAL OAK COLLECTION I^^^^^^^ WHERE EXTREMES MEET Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED '^rT^^sST^^^^^Z^ i*/'^ :-<^.^ S^W'■ "'--■-H<^^( 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 «l^.,^*t!taj^.—*^^ *5' ■'"i^--%^J^^j.^: 'iSI ,W Internet: Http://www.audemarspiguet.com *Jt*.-:"-': *T^^-^ -1 i^^7 ~^v S" C'~^^^^^st :y
      48 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      379 26 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Aug22 World Index Preliminary 954.5 1.0 -15.7 0.7 -17.6 0.6 -16.1 t EAFE Prel liminai 893.0 1.4 -20.3 0.7 -22.2 0.5 -20.1 Euroi Prelim inan
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 26 As at 9am Aug2S Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2150 1.2290 Can dollar 1.3380 1.3550 Euro 2.0720 2.0960 NZ dollar 0.9910 1.0130 Sterlinc nd_ 2.5930 2.623C US dollar 1.4070 1.4230 Local dollars to 100 units of foreign currency:
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    • Article
      Lock icon INTERBANK RATES
      172 26 Aug2S er Overnight 5/16 1-month 1 2-months 1 1/8 3-months 1 3/16 Overnight mode: 5/8 US$ Offer 3/16 7/8 1 1 1/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.45 2.60 2.83 3.03 3.20 3.35 3.45 Offer 2.35 2.50
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 Aug2s en Hie Sett STI SIMSCI Auc 340.5 350 338.9 Taiwan Auc 269.3 273.3 270.3 Source: MF Global (S) He. Ltd
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      Lock icon US$/S$ FORWARD RATES
      22 26 Aug2S Bid Offer 1-month 1.4160 1.4173 2 months 1.4141 1.4155 3-months 1.4122 1.4136 6 months 1.4068 1.4084 Source: OCBC
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Aug2s Against SS :urrencies Bid Offer Against US$ Bid Offer $/US$ to one unit of foreign currency: .ustralian dollar 1.2270 1.2281 0.8652 0.8653 anadian dollar 1.3516 1.3533 0.9530 0.9535 uro 2.0899 2.0918 1.4736 1.4738 Z dollar 1.0014 1.0029 0.7061 0.7066 terlinc 2.6170 2.6197 1.8453 1.8458 S dollar
      155 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      289 26 Aug2S OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.1650 96.9700 96.9550 96.8250 ***** ***** ***** 4674 EUROYEN TIBOR FUTURES SepO8 99.160 99.165 DecO8 99.215 99.215 MarO9 99.235 99.265 JunO9 99.210 99.245 SepO9 DecO9 Mar10 Jun10 99.155 99i210 99.155 99i230 99i000 98.950 401
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    • Article
      Lock icon SICOM FUTURES
      282 26 Aug 25 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High I Low Close Sett Volume (tonnes) Open Interest Sep 08 Oct08 NOV08 Dec 08 Jan/Mar 09 Apr/Jun 09 417.25 414.50 411.25 409.50 408.00 409.50 RSS 3 (US cents/kg) Month HigJ j!L Low Sett Volume (tonnes) Open
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    • Article
      Lock icon CHICAGO BOT
      97 26 Aug22 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 08 1321.00 1341.00 1338.00 1310.00 Nov 08 1327.00 1348.00 1346.25 1315.00 Ian 09 1344.50 1365.25 1363.00 1333.00 MarO9 1358.25 1379.00 1377.00 1351.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low 5ep 08 54.15 55.56 55.10 53.78 3d 08
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 26 CRUDE OIL PRODUCTS Aug 22 origin] t/barrel Close Cham irent blend (1-Mth F) 116.68 -3.23 WTI (Near Mth) 114.20 -7.05 iubai (1-Mth F) 116.66 3.91 "apis blend 127 3.85 i/linas 123.05 4.65 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 113.00 138.20 3.8! 3: US$/barrel )pec Oil Basket Price
      75 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 Aug2S AS_ CS_ Rmb Euro HKS IndRsRui Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound ysi Australia 0.908 5.921 0.587 6.757 37.781 79.253 0.952 9.334 2.920 1.225 66.235 39.399 1.228 6.697 0.952 27.189 29.501 0.469 0.865 Canada 1.102 6.524 0.647 7.444 41.623
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      85 26 Aug2S Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****H 20.11.08 1-Year BY*****N 04.05.09 0.85 1.03 0.88 0.8 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 NY*****A 4.000 15-Year
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      Lock icon SIBOR
      69 26 Aug2S (US$) (SS) 2.***** 1.***** mth mths 2.***** 1.***** mths 2.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** 2 mths 3.***** 1.***** ;WAP Offer rates (S$) mth 0.***** mths 1.***** mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs
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      Lock icon PALM OIL
      59 26 Aug2S elivery lonth Opening Sett Av Range Price Price Hi( Low Vol Open Done Position ■ep 08 2645 )ct 08 2660 Jov 08 2660 tec 08 2644 btal o/p:***** contracts 2585 2655 2576 2590 2664 2580 2600 2675 2575 2615 2670 2576 Turnover: ***** Market tone: Higher 126
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      Lock icon PRECIOUS METALS
      129 26 Aug2s OLD (USS/oz) Aug 25 Aug 22 long Kong ondon 819.50 unav 810.50 unav Aug 22 Aug 20 824.60 801.55 825.50 802.75 Source: Reuters :ast bar s$) Aug2S Buying Sellinc Cilobar ***** >AMP GOLD BARS S$) Selling ***** Buying gm gm Ogm Ogm Ogm OOgm oz ozUBS Kinebar™
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      Lock icon LONDON METALS
      62 26 Aug22 umimum, irity (US$/tonne) 0 Close Previous ash 2740.00 2800.20 months 2790.00 2850.00 opper. Grade A (US$/tonne) lash months 7765.00 7660.00 7973.00 7854.00 ead (US$/tonne) ash 1878.00 months 1880.00 1902.00 1905.00 lickel (US$/tonne) ash months *****.00 *****.00 *****.00 *****.00 in (US$/tonne) ash *****.00 *****.00 months *****.00 *****.00 inc.
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      Lock icon LIFFE
      73 26 Aug 22 (£/tonne) Close Prev Hii ih/Low ,epO8 1557 1564 1563/154; )ecO8 1574 1573 1575/155! t/lar 09 1578 1575 1577/156; day 09 1577 unch 1577/156! lOFFEE (US$/tonne) Close Pev High/Low iepO8 2271 2279 2293/225' Mov08 2298 2304 2317/227! Ian 09 2284 2286 2300/226: SUGAR (US tonne) White Close Prev
      73 words
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      Lock icon BONDS & WARRANTS
      3654 26 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- ing Left 10SS Advance Modules W*****3 6 susp >036 Advance SCT Ltd W*****9 0.5 unch 20 ArianeCorp Ltd W*****9 0.5 )092 Asia Environment W*****4 17 1481 Asia Water Tech Ltd W*****0 18.5 5816 Asiasons
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      2413 27 Shipping times M al^li tf KtErWI ij^^ltj!JUlV, VI i* £f ft 111. All WAN HAI INTERNATIONAL PTE LTD A VSV BMHriPtllfliMfjiiira II V^TT\ lIIIU II Al lllirr TEL *****588 (14 LINES) FAX: *****163 I »i« J:||l|ri(y;|| BBJBaBBSBnBSaaeBBTIW WeWimWKflmW^^ I\\V4 1 WAN HAI INtS Service/Bookings Direct Line-*****) *****200 jlmWßsln^X^MllMaJHl fclllfc«# PKL
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      3048 28 to AUSTRAL ASIA LINE pSI g}(glfS^ |*-OC —< ASIA AUSTRALIA SERVICE AcceptingContainer/LCL/Breakbulk/Project JH V4i HI <_>*—'-■' i__gs_^^^^^^K_i^^^Mi[__________E!__________n___________Kii_________H_n__________EZ____H weekly express sailing schedule |=n'?l !gg ov.o X jfl! S |BB |IH^*IIIII.IMM llMad WESTERN AUSTRALIA SERVICE ALSO SERVING JAPAH, KOREA, CMHA, TAIWAH, AUSTRALIA via OUR PROJECT ASIA SERVICES PSL SERV CE Connecting AMX
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      2648 29 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
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  • PROPERTY
    • Article, Illustration
      Lock icon Vendors drop prices of Asia-Pac commercial properties
      442 30  -  UMA SHANKARI These assets have been priced down by 25-100 bps in last few months: DTZ By COMMERCIAL properties in the Asia-Pacific region have been priced down by 25-100 basis points in the past three to four months, more in line with investor
      BLOOMBERG; DT7 Research  -  442 words
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      Lock icon UAE mortgage market seen growing 220% in next 3 years
      247 30 Xinhua [ABU DHABI] The mortgage market of the oil-rich United Arab Emirates (UAE) is projected to grow 220 per cent to 64 billion dirhams (5524.7 billion) in the next three years, local newspaper Gulf News reported yesterday. According to a
      Xinhua; BLOOMBERG  -  247 words
    • Article
      Lock icon Capital injection into firm cheers Japan market
      351 30 -Reuters [TOKYO] Shares of midsized Japanese property firms jumped yesterday after real estate company Zees Co said it would receive a capital injection from an investment fund, sparking hopes of further inflows to help the beat-en-down sector. The industry has seen a string
      -Reuters  -  351 words
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      Lock icon Japanese developer under probe
      143 30 Bloomberg [TOKYO] Urban Corp, the property developer that collapsed in Japan's biggest bankruptcy this year, is being examined for its market disclosure, Financial Services Minister Toshimitsu Motegi said yesterday. Mr Motegi said he was aware of questions being raised about Urban's behaviour, without commenting more specifically
      Bloomberg  -  143 words
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      Lock icon Centra says equity investor unlikely by Dec
      533 31 Reur,ers Troubled Aussie group now depends on winning yet another debt extension from bankers [MELBOURNE] Centro Properties Group, an Australian victim of the sub-prime crisis, said it was unlikely to secure equity investment by a December deadline, making it dependent on winning yet
      Reur,ers; BLOOMBERG  -  533 words
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      Lock icon Rate cut relief but it's no panacea for Aussie Reits
      823 31 Reuters [SYDNEY] With Australia poised to cut interest rates, beleaguered property trusts could see their rental yields become more attractive, but the bad news flow that has battered the sector may rumble on. Australia's highly leveraged real estate investment trusts
      – Reuters; BLOOMBERG  -  823 words
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      Lock icon Aussie mortgage bonds offer world's best value: Pimco
      839 31 Bloomberg [MELBOURNE] Australia's mortgage-backed bonds are one of the most attractive buys "on the planet", according to Rob Mead, head of Asia-Pacific credit at Pacific Investment Management Co (Pimco) in Sydney. Mr Mead, who manages the equivalent of US$l7 billion, said he
      ■ Bloomberg  -  839 words
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      274 30 EE^ESSQQSEQSSSB^JIS jervois gardens UJ^|^^||^^J^j^|J|^^|||^^^U^|^^^|^[|^^|^JJ^|^|^ Prime residential site in district 10 Size 2,500 sq ft grange rd > Freehold, plot ratio 1 .4, up to 5-storey t^^^^^^li immediateoocupancy 0 Serene and exclusive location High grade office building with presßgious address 0! £> o < <s I Land area: approx. 34,038 sq
      274 words
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      138 30 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications" folder
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      86 31 New mix of colonial and contemporary style boutique hotel development BjjSt consists of 51 tastefully decorated guestrooms j|* Strategically located in the heart of Tiong Bahru Estate, close proximity ll^^inn to Central Business District |j Tenure: Freehold I Inclusive of proposed hotel facilities such as elevated lap pool, roof garden,
      86 words
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      58 31 Conserved Good Class Bungalow L¥ Dalvey Good Class Bungalow Area Land Area: 17,000 sqft (approx) mXPaEi Floor Area: 8,400 sqft (approx) l Sj i i i Charming Black White Bungalow with URA Architectural Heritage Award Expression of Interest by 3 rd September 2008 3p.m. For more information, please contact Bungalow
      58 words
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  • INDUSTRIAL SPACE
    • Article, Illustration
      Lock icon Pushing the limits of what's possible
      1299 32 CLARISSA TAN looks at some mega projects JTC is undertaking to equip Spore for the 21st century DEEP into the earth, more than 100 metres below sea level, will lie the Rock Cavern. This series of gigantic subterranean tunnels will store millions of cubic
      1,299 words
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      76 32 s§i3^^"^S m<lK ""tlc*"l' fl I***' fe^^ <^^- -tz,/- \&Jtit %X*** «-**ir- hi-pL a #»h</ ftfn vicitf rote Kc^li^v, i//ffj if '"-to jrour.c/br&lc*, ;r>n o is«.+, or > s W fc«^«*S* fallal JTC Corporation, The JTC Summit, 8 Jurong Town Hall Road, Singapore *****4. Tel: 1800-568 7000 Fax: (65) 6565 5301
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      16 32 This series is brought to you in conjunction with JTC's 40th anniversary. 40 ofJTC 1968-2008 i-urpuruuon
      16 words