The Business Times, 28 August 2008

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg «v a Singapore press holdings publication co regn no *****2868E mica (p) 197/08/2008 Thursday, August 28,2008
    25 words
  • 1093 1  -  GENEVIEVE CUA They occupy 33 of leading 100 positions in Asean in a Wealth-Added Index; Sing Tel heads the pack By al report. Temasek uses wealth added as an internal benchmark, and that extends even to its staff compensation structure. As Temasek explains: Wealth added
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  • 569 1  -  ARTHUR SIM C X Tang exec chairman pleads guilty, resigns post and quits board By [SINGAPORE] The landmark sentence on illegal organ trading now hangs on whether Tang Wee Sung's plea for judicial mercy is accepted. Tang, the second son of
    WONG KWAI CHOW/THE STRAITS TIMES  -  569 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 51 1 BizlT PROPERTY fjj WORLD OF CUISINE PMEMI BE INSPIRED I S'pore disk storage Developers ponder Critics dispute ||r laS Zap for daily inspiration. market up 85% launches after Michelin's Tokyo guide Win a Zegna Sport HfHH page 21 Ghost Month page 31 j! page 17 HadHHHI i-Pod Jacket! page 8
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 76 2 SINGAPORE companies have done a stellar job of creating wealth for shareholders, despite market volatility and a higher cost of capital. The first-ever ranking of the top 100 South-east Asian companies in terms of US-based consulting firm Stern Stewart Co's "Wealth Added Index" finds a
        76 words
      • 72 2 EXTENDING the suspension of a company's share trading is not doing shareholders and the market any favour, the Singapore Exchange said in its regulator's column yesterday. According to SGX, a firm should keep its suspension as short as possible. As time elapses,
        72 words
      • 74 2 THE managing director of Chuan Soon Huat Industrial Group and four other former directors were yesterday charged with failing to disclose a change in the effective control of the mainboard-listed furniture maker. They allegedly failed to disclose that Lee Tian Teck had in
        74 words
      • 66 2 A PLANNED preferential offering by Pacific Shipping Trust received 98.7 per cent approval at an extraordinary general meeting of unitholders yesterday, with some retail holders asking about extra allocations. PST expects to issue about 252,750,000 new units at 36.5 US cents apiece on
        66 words
      • 42 2 GOODPACK Ltd's net profit for the year to end-June rose 20 per cent to U5529.5 million. The company said revenue jumped 32 per cent to U5599.6 million from the preceding financial year. COMPANY NEWS, PAGE 7
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      • 64 2 OPERATING costs have replaced competition as the key challenge facing companies here, according to a survey commissioned by the Singapore Business Federation. Some 64 per cent of respondents cited operating costs as the key challenge they face. Manpower was ranked the next biggest
        64 words
      • 52 2 FEDERAL Reserve policymakers expect to eventually raise their benchmark interest rate in an effort to slow inflation, but they have not agreed to a timetable for the move, according to minutes of the Fed's last meeting in early August. ECONOMY WATCH,
        52 words
      • 78 2 SOME developers have been quietly oiling their launch machinery in the past few weeks as they get ready for previews and launches, especially with the Hungry Ghosts Month ending this Saturday. With the property outlook expected to worsen before it gets better,
        78 words
    • 409 2  -  WINSTON CHAI Companies under suspension incur expenses, delay cash return to investors By [SINGAPORE] Extending the suspension of a company's share trading is not doing shareholders and the market any favour, the Singapore Exchange (SGX) said in its regulator's column yesterday. According
      409 words
    • 640 2  -  SJAYASANKARAN PAS endorses Anwar as the Opposition's leader in Parliament By in Kuala Lumpur ANWAR Ibrahim's landslide victory in his hometown of Permatang Pauh in Penang on Tuesday has renewed calls for the resignation of Prime Minister Abdullah Ahmad Badawi. Anwar defeated
      REUTERS FILE PHOTO  -  640 words
    • 724 3  -  GENEVIEVE CUA They get in the way of firms adopting wealth-added mindset: Stern By [SINGAPORE] The biggest challenge in getting companies to adopt an economic value-added (EVA) mindset lies in overhauling their compensation structures, says Erik Stern, president international of Stern Stewart Co. EVA seeks
      724 words
    • 471 3  -  OH BOON PING Current system reduces political uncertainty: PM Lee By [SINGAPORE] A motion to fine-tune a law governing by-elections was shot down in Parliament yesterday, after a strong debate on the issue. Nominated MPs Thio Li-Ann and Loo Choon Yong had called for
      471 words
    • MARKETS DIGEST
      • 43 3 1COMP 1,067.65 -2.85 IIKKEI225 12,752.96 -25.75 IANG SENG 21,464.72 +408.06 ;et index 675.99 +7.07 JAKARTA COM P 2,131.06 +23.51 IANILACOMP 2,646.70 +9.05 ;eoulcomp 1,493.92 +3.67 ;henzhen b 366.19 -8.61 IUMBAI IND 14,296.79 -185.43 NOON EDT Cham )OW 11,457.81 +44.94 IAS DAI 2,370.94
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      • 29 3 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
      • 40 3 IS$ (S$ per US$) 1.41 (US$/S$ per 1.845 2.61 :URO (US$/S$/E) 1.473 2.08I 'EN 108.80 76.8I 3.384 2.38' IK$ 7.808 5.5ff !AHT 34.06 24.02 lUPIAH 9,165 6,46. lENMINBI 6.839 4.82. INDIAN RUPEE 43.84 30.92 1.162 0.82 IZ$ 1.423 1.00.
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    • 218 3 Bloomberg [SINGAPORE] Singapore investment company Temasek Holdings has received US antitrust approval to increase its stake in Merrill Lynch Co. The US Federal Trade Commission said in a statement that it cleared the transaction early, letting Temasek make an investment. Temasek
      Bloomberg  -  218 words
  • Page 2 Advertisements
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    • 54 2 Sct^P FIND IHEONES Ecl^p -hjW THATFIT! d^^j **J 1 Recruit the right people through CATS Recruit. !_> —Jr Ct^" —v P^ Call 1800 289 8822 or email P Ij C_) V^* J 3 C_J——\ r"H recruit@sph.com.sg to advertise. f HP' H^ rJ ESARa^ Uo _r ill /^*J j I RECRUIT
      54 words


  • COMPANY NEWS
    • 743 4  -  R SIVANITHY CONDITIONS in the local stock market are the worst they've been this year, with the Straits Times Index (STI) struggling to hold on to the 2,700 level the lowest since November 2006. Liquidity has dried up and brokers complain that
      743 words
    • 462 4  -  EMILYN YAP 4 ex-directors also charged with failing to disclose change in effective control By THE managing director of Chuan Soon Huat Industrial Group (CSH) and four other former directors of the company were yesterday charged in court with failing to disclose a change in
      462 words
    • 501 4  -  RONNIE LIM By OIL-and-gas rigging equipment supplier KTL Global which has just moved to a bigger $30 million base in Tuas is now looking to expand further, including through a Middle East facility which it hopes to set up by end-2009, as well
      501 words
    • 293 5 Al d gldllCe Full year ended June 2008 3 months ended June 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS (Sm) (Sim) (S$m) (S$m) CHNG 1 SimLian 44.12 33.24 32.7 389.64 318.91 22.2 7.20 14.41 -50.0
      293 words
    • 643 5  -  ARTHUR SIM By SAIZEN Reit, which was listed on the Singapore Exchange in November last year, says it will hold out on new acquisitions for the present. Arnold Ip, chairman of the Reit manager, Japan Residential Assets Manager Ltd
      643 words
    • 291 5  -  VINCENT WEE AGM WATCH It expects to issue 252.75 m new units at 36.5 US cents each By A PLANNED preferential offering by Pacific Shipping Trust (PST) received 98.7 per cent approval at an extraordinary general meeting of unitholders yesterday, with some retail holders
      FILE PHOTO  -  291 words
    • 400 7  -  CONRAD TAN Revenue surges 32% to USs99.6m, boosted by synthetic rubber division By GOODPACK Ltd's net profit for the year to end-June rose 20 per cent to U5529.5 million. The company, which rents out reusable steel crates for packing and transporting bulk cargo, said
      FILE PHOTO  -  400 words
    • 377 7 By JAMIE LEE PROPERTY and construction group Sim Lian has posted a 33 per cent jump in fiscal full-year net profit to $44.1 million despite rising raw materials costs, thanks to higher revenue, a reversed impairment loss and a divestment. Sim
      377 words
    • COMPANY BRIEFS
      • 62 7 preference UNITED Overseas Bank will offer $1 billion worth of preference shares that will pay a fixed dividend of 5.05 per cent per annum. It said $800 million worth of the shares will be offered to institutional investors and the rest to retail investors. The
        62 words
      • 39 7 SINGAPORE Computer Systems (SCS) said its subsidiary, SCS MNP Pte Ltd, is divesting its 20 per cent stake in TXI2 3 (M) Sdn Bhd to Kompakar eSystems Sdn Bhd for RM30,000(5512,590)in cash.
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    • 241 7  -  R SIVANITHY By RETAIL and real estate company Second Chance Properties (SCP) yesterday reported a 31 per cent jump in net profit to $24.1 million for the year ended June 30 and said it will increase dividend payments for the next
      241 words
    • 245 7  -  CONRAD TAN By CENTILLION Environment Recycling suffered a net loss of $14.5 million for the 18 months to end-June. Formerly known as Citiraya Industries, Centillion changed its financial year-end from December to June in November 2007. Losses from the group's Singapore and UK electron-ic-waste
      245 words
    • 291 7  -  JAMIE LEE By HIT by the US sub-prime crisis, furniture maker Koda posted a 41.9 per cent slump in fiscal full-year net profit to US$4.2 million as orders from North America and the United Kingdom slowed and group expenses rose. Koda, which said that
      291 words
  • Page 4 Advertisements
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    • 105 4 Our qualified professionals Wjtk can assist you with offshore p| J structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands P^U^^^^^l Cayman Islands 7^| Bahamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for
      105 words


  • SINGAPORE MARKETS
    • 575 6  -  R SIVANITHY STOCKS Brokers see Spore market losing its shine compared to the region, risk of further downgrades US INVESTMENT house Merrill Lynch titled its latest report on Singapore property "Do not catch a falling knife", but it may as well have applied it
      Bloomberg  -  575 words
    • 86 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 5 7 0 0 0 3 5 7 lanufacturing 37 61 56 11 42 70 67 Commerce 14 26 20 19 29 25 "pt/Stor/Comms 10 11 16 10 12 16 ■inance 15 11 15 11
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    • 114 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 14,167 14,167 86,564 86,564 lanufacturing 194,180 6,735 200,915 173,077 709 173,786 lommerce 49,522 7,917 57,439 56,124 2,443 58,567 )t/Stor/Comms 62,694 216 62,910 146,901 32 146,934 :i nance 21,411 21,411 173,054 173,054 lonstruction 15,294 4,256 19,550 1,744 101 1,845 'roperties
      114 words
    • 99 6 lapitaLand 4.400 lapitaMall 2.730 +0.030 jtyDev 10.500 +0.100 losco Corp 2.100 +0.030 IBS Grp 17.740 +0.120 :&N 4.220 -0.040 Sent Intl 0.505 IK Land 3.710 +0.110 ISH 16.120 +0.020 lardineC&C 17.300 -0.060 Ceppel Corp 10.040 -0.260 Ceppel Land 3.860 -0.050 IOL 2.190 loble Grp 1.900 -0.010
      99 words
    • 977 6  -  CONRAD TAN Singapore Water Sector DBS Group Research, Aug 27 MARGINS paint a positive picture: As we had expected, our top picks in the sector demonstrated their ability to negotiate an inflationary environment and protect their margins, with gross margins across the board coming in better than consensus
      977 words
    • 534 6  -  LARRY WEE CURRENCIES AFTER registering very impressive gains over the past one week, the US dollar looked like it wanted to at least pause for a breather yesterday. For example, overnight news of a sharp jump in US consumer confidence for August failed to
      Reuters  -  534 words
    • 4 6 DAILY
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    • 63 6 Aug 27 VALUE CLOSE BT OB/OS -898.00 +35.0 BT CADI -*****.00 -64.0 BT 10-day MA -*****.00 -90.00 FTSE ST Mid Cap 629.04 -2.75 FTSE ST Small Cap 510.68 -1.97 FTSE ST All Share 670.94 -1.16 FTSE ST China Top 326.60 -1.65 FTSE ST China 323.09 +0.08 UOB
      63 words
    • 58 6 VOLUME Qian Feng 28,018,000 Sing Tel 20,266,000 AusGroup 16,665,000 FJ Benjamin 15,959,000 China Hongxing 15,367,000 Capita Land 15,279,000 Yangzijiang 14,494,000 Ferrochina 14,368,000 Global Voice 14,071,000 Wilmar 12,606,000 VALUE(S) Keppel Corp 70,633,040 Sing Tel 70,355,554 Capita Land 66,779,410 UOB 58,195,540 DBS Grp 47,029,420 Wilmar 44,745,190 CityDev 41,746,930 SGX
      58 words
    • 99 6 CLOSE UP 8206 297.6 2.6 GLD 10US China H 10US 1520 79.4 3.8 Venture Cor| 991 17.0 1.7 OCBC Bk4.5%NCPS 100 9818 16.0 0.2 HKLand 371 15.6 3.1 DBS Gr| 1774 12.0 0.7 At 1050 10.0 1.0 Cmdfr 10US! 390 8.5 1.6 MOIL 172 8.5 3.6 OCBC Bk5.1%NCPS 100
      99 words
    • 108 6 CLOSE DOWN 2850 -53.9 -1.3 JMH Cor| 1004 -26.0 -2.5 MBLJCW*****0 208 -23.0 -10.0 WBL Cor| 479 -21.0 -4.2 Great Eastern 1520 -20.0 -1.3 SPC 524 -19.0 -3.5 Shani iriLa Asia 1520 -16.3 -5.6 UOL 283 -13.0 -4.4 SIA 200 1508 -10.0 -0.7 Wilmar 354 -10.0 -2.7 BY PERCENTAGE
      108 words
    • 83 6 iere« S$ stands Aug 27 CHNG CLOSE FRAug26 YR2008 S$ LOW S$ HIGH USS 1.4190 0.18 1.4542 1.3457 Euro 2.0888 0.11 2.2064 2.0474 Pounds 2.6181 0.28 2.8431 2.6015 AS 1.2230 -0.10 1.3251 1.2075 Yen* 1.3041 -0.50 1.4484 1.2619 Rupiah* 0.***** -0.04 0.***** 0.***** Baht* 4.1674 -0.32 4.4299 4.0190 Peso*
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  • Page 7 Advertisements
    • 1722 7 NATIXIS CONSOLIDATED BALANCE SHEET ASSETS CONSOLIDATED BALANCE SHEET LIABILITIES 31/12/07 31/12/06 31/12/07 31/12/06 Assets millions Liabilities in millions Cash and balances with central banks and Due to central banks and post offices 1,406 658 post offices 961 323 Financial liabilities at fair value through profit and loss 165,030 133,392 Financial
      1,722 words

  • SINGAPORE NEWS
    • 486 8  -  LEE U-WEN Initiative will not affect customs, freight-forwarding companies: Abac By THE new green lane project for businesses in Asean will not be open to all industries but specific ones that would have otherwise bypassed the region because of too much
      486 words
    • 287 8  -  OH BOON PING YESTERDAY IN PARLIAMENT Surcharges will be imposed on agencies in breach By GOVERNMENT agencies that do not make optimal use of their office space will face penalties such as surcharges and rents, Parliament was told
      287 words
    • 178 8  -  UMA SHANKARI By THE Ministry of Manpower's (MOM) permanent secretary Leo Yip has been appointed the deputy chairman of the Economic Development Board (EDB) in a bid to enable the two organisations to work more closely together in areas such as Singapore's talent attraction efforts
      178 words
    • IN BRIEF
      • 101 8 UNEMPLOYMENT might rise in the second half of this year, even though the ministry of manpower is confident there will be sufficient jobs in the longer term. Acting Manpower Minister Gan Kirn Yong told Parliament yesterday that some businesses have turned cautious on hiring
        101 words
      • 68 8 THE global financial downturn has affected Singapore's external reserves, but the finance ministry believes it can ride out the cycles. Senior Minister of State for Finance Transport Lim Hwee Hua said yesterday: "Our reserves are invested with a long-term horizon. The downturns offer opportunities
        68 words
    • 207 8  -  RACHEL SIM By GLOBAL Indian International School's (GIIS) third campus at Balestier was officially opened yesterday by India's former president, APJ Abdul Kalam. GIIS functions under the Global Indian Foundation (GIF), a non-profit organisation (NPO) headquartered in Singapore. "Under the flip-a-generation expansion project, we expect
      207 words
    • 400 9  -  UMA SHANKARI A survey of 1,025 companies reveals this, followed by manpower By OPERATING costs have replaced competition as the key challenge facing companies here, according to a survey commissioned by the Singapore Business Federation (SBF). Some 64 per cent of respondents cited
      400 words
    • 258 9 THE economic slowdown had not quite hit the services sector in the second quarter almost all industries recorded healthy growth in operating income. Data from the Department of Statistics shows an overall 13.3 per cent rise in business receipts across the board, with
      258 words
    • 468 9  -  EMILYN YAP By SINGAPORE-BASED property firm KOP Capital has forked out US$25O million for a 50 per cent stake in luxury hotelier Stein Group International. And the collaboration could offer travellers a new hotel brand in the next few years. "We're adopting
      YEN MENG JIIN  -  468 words
    • 288 9 SINGAPORE'S plan to allow the 1.2 million households here to choose their own electricity suppliers is "on schedule". A decision on making this remaining 25 per cent of the electricity market here "contestable" is expected in the second half of 2009.
      288 words
  • Page 8 Advertisements
    • 153 8 Va^l i i Win a Zegna Sport i-Pod Jacket worth $2,500! ZegnaSport ZaDCocfe LTUhnd the ones h n X H THAT FIT! H r^J s~''/\ Recruit the right people 1 j C—l __J through CATS Recruit. n Call 1800 289 8822 or email [y^s, /^J I L^\recruit@>sph.com.sg ji, to advertise.
      153 words
    • 287 8 IN THE MATTER OF EQUINOX LINK PTE LTD [IN CREDITORS' VOLUNTARY LIQUIDATION) [Co. Reg. No: *****7128W) ("the Company") AND IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND THE COMPANIES (WINDING UP) RULES NOTICE OF LIQUIDATOR TO CREDITORS AND MEMBERS OF FINAL MEETING NOTICE IS HEREBY GIVEN that a
      287 words
    • 14 8 CATS Recruit it c. The first step on your ladder to success RECRUIT I <
      14 words

  • Page 9 Advertisements
    • 1820 9 The Sumitomo Trust Banking Co., Ltd. (Incorporated in Japan with Limited Liability) Consolidated Balance Sheets Consolidated Statements of Income As at March 31,2008 and 2007 For the years ended March 31,2008 and 2007 Millions of Yen Millions of Yen 2008 2007 2008 2007 Assets: Income: Cash and Due from Banks
      1,820 words

  • ECONOMY WATCH
    • 541 10 NYT However, it has not agreed on timing and extent of any policy change [NEW YORK] Federal Reserve policymakers expect to eventually raise their benchmark interest rate in an effort to slow inflation, but they have not agreed to a timetable
      NYT  -  541 words
    • 291 10 Reuters [NEW YORK] American consumers' confidence fell in the latest week and is one point from its record low as gasoline prices, though lower than in recent weeks, remain high, and inflation and unemployment cloud the economy's outlook, a survey showed on Tuesday.
      – Reuters; AFP  -  291 words
    • 392 10 -AP It wants to penalise US for giving illegal cotton subsidies [GENEVA] Brazil has asked the World Trade Organization (WTO) for the right to impose up to US$4 billion in annual sanctions against American goods and services to penalise the United States
      -AP  -  392 words
    • 340 10 Reuters [WASHINGTON] Maverick Federal Reserve policymaker Richard Fisher said that there was probably an even chance that inflation could continue to rise or prove a "one-off event" as the economy grinds to a halt in the second half of the year. In an interview with Dow
      – Reuters  -  340 words
  • Page 10 Advertisements
    • 1073 10 Health Talks at Camden Medical Center The Latest Minimal and Non Invasive Treatments for Spinal Disc Problems Speaker: Dr Prem Pillay, Consultant Neurosurgeon, Neuro Spine and Pain Center Singapore (CME points will be awarded through the SMQ LI Location: Camden Medical Center, Conference Room Date: 30th August 2008 Time: 1.15
      1,073 words

  • MALAYSIA
    • 608 11  -  PAULINE NG Maybank Singapore operating profit up 36%, while net profit rises 44% By in Kuala Lumpur MALAYAN Banking has posted a net profit attributable to equity holders of RM2.93 billion (551.23 billion) for its fiscal year to end-June 2008, nearly 8 per
      608 words
    • 398 11 Reuters [KUALA LUMPUR] The Malaysian government is likely to announce several populist measures in its 2009 Budget tomorrow as it tries to tighten its weakening grip on power in the face of economic and political challenges. The Budget will be presented
      Reuters; AP  -  398 words
    • 379 11 Bloomuery [KUALA LUMPUR] Malaysian bond yields could spike higher as foreign investors, who have been the main buyers in the market since 2006, sell down holdings, spooked by uncertain politics, rising inflation and central bank inaction. While the central bank's decision to hold interest
      Bloomuery  -  379 words
    • 234 11 Reuters [KUALA LUMPUR] Malaysia's economic growth probably slowed in the second quarter to an annual 5.9 per cent from 7.1 per cent in the first quarter as rising inflation hit domestic demand, a Reuters poll showed on Tuesday. Weaker exports and higher inflation
      Reuters  -  234 words
    • 2216 11 mg27 RM C000) ASM Realty 0.44 \bric Bhd 0.17 advance Synergy 0.09 Adventa Bhd 0.93 AeMuIti Hldgs 0.26 Win Holdings 1.83 Ahmad Zaki Resou 0.72 AicCorp 0.45 \irasia Bhd 1.10 Akn Technology 0.39 alliance Financi 2.66 aluminium Co 0.95 Amalgamated Ind 0.49 tamb Hldgs Bhd 2.92 Amtel Holdings
      2,216 words
  • Page 11 Advertisements
    • 80 11 I FAnFFK TAI X W if H 8 f^W^B Br Jt^SSSEmNw/' I "Challenges in managing mm a global trading business I Date: Thursday, 11th September, 2008 I Venue: Casuarina Suite B, Level 3, Raffles Hotel For free admission, register with Ms Christine Ang I at anglcc@sph.com.sg, giving details of your
      80 words

  • INDIA
    • 498 12 Bloomberg Opposition party to hold rally today and block roads across W Bengal tomorrow [NEW DELHI] Tata Motors Ltd's plan to build the world's cheapest car faces delays after an Indian political party vowed to escalate protests over the seizure of farmland
      – Bloomberg; AP  -  498 words
    • 267 12 Reuters [MUMBAI] Morgan Stanley hopes to invest up to a quarter of its US$4 billion global infrastructure fund in emerging economies such as China and India, a senior official at the US fund said. Gautam Bhandari, who on Tuesday was named head of Morgan
      Reuters  -  267 words
    • 196 12 Reuters [LOS ANGELES] Indian media company Reliance ADA Group's expected deal to finance a new incarnation of the Dream Works film studio signals broader changes for Bollywood moviemakers looking to reach Western audiences. The US and India are the world's largest film producers, and US-based studios
      Reuters  -  196 words
    • 8645 12 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.978/ AIGIF Spore Bond Fund/ A 1.337/ APS Asset Mat Pte Ltd APS Alpha Fund!** 0.87/ APS Alpha Fund (USD)! A 0.61/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9783/ APS
      8,645 words

  • GREATER CHINA
    • 291 13 China's postGames economy unlikely to be a loser Bloomberg [WASHINGTON] China's economy will likely avoid a post-Olympic slowdown and remain an engine of global growth, the World Bank's top economist said. "The opportunity for infrastructure investment in China is very large and the momentum in economic growth in China can
      – Bloomberg; AP  -  291 words
    • 316 13 AP [BEIJING] A major state-owned Chinese bank yesterday denied accusations in a lawsuit filed in Los Angeles that it transferred money to terrorist groups and said it would fight the case. "The accusation is absolutely groundless," Bank of China Ltd said in a statement.
      AP  -  316 words
    • 317 13 Bloomberg TV report says he gave USsl2m to ex-president's wife [TAIPEI] Far Eastern Group, which controls Taiwan's biggest textile company, denied allegations chairman Douglas Hsu gave US$l2 miUion to the wife of the island's former president Chen Shui-bian in return for favours. The
      Bloomberg  -  317 words
    • 412 13 Reuters Executive says latter's operations, potential are strong [BEIJING] Ping An Insurance (Group) Co, China's second-largest life insurer, remains confident about its investment in Fortis despite a plunge in the Bel-gian-Dutch financial group's share price, an executive said yesterday. Ping An,
      Reuters  -  412 words
    • 429 13 Bloomberg Price cuts help draw subscribers; Q2 earnings hit record, beating forecasts [HONG KONG] China Mobile Ltd, the world's biggest phone company by users, increased second-quarter profit 51 per cent, more than analysts' estimates, after price cuts helped attract subscribers. Net income jumped to a
      Bloomberg  -  429 words
  • Page 13 Advertisements
    • 2492 13 gtiik COMBINE WILL INTERNATIONAL HOLDINGS LIMITED COMBINE WILL Incorporated in the Cayman Islands on 8 October 2007 (Registration. No. MC-*****3) NOTICE OF THE ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Carlton Hotel, Esplanade Room 1, Level 4,76 Bras
      2,492 words

  • SINGAPORE INTERNATIONAL
    • 980 14 Trade with Singapore in 2007 up 13.1% from 2006 at $13.4b, reports CHUANG PECK MING IT'S a long way to Latin America more than 30 hours' flight to Rio de Janerio, the capital of Brazil. And that's one key reason why the region is
      FILE PHOTO  -  980 words
    • 386 14 NEED help in venturing into Latin America? International Enterprise (IE) Singapore has a host of programmes and assistance schemes that you can tap. If you want to explore the business opportunities available in Latin America, sign up with IE Singapore's business missions.
      386 words
    • 306 14 THOSE keen to explore business opportunities in Latin America should make a note of 22nd and 23rd of September in their diary. The annual Latin Asia Business Forum will take place on these two days and it promises to bring top business and government leaders and
      306 words
    • 516 15  -  CHUANG PECK MING eGovernment solutions provider hopes to be niche player in growing Latin American market Reports by SINGAPORE-BASED Crimson Logic, which offers eGovernment solutions, got its break in Latin America when it won a bid in September 2003 for a port security
      FILE PHOTO  -  516 words
    • 189 15 CIA World Factbook Brazil Key economic indicators (2007) Area 8,511,965 sq km Population 190 million Real GDP growth rate 4.9% Total exports fob U*****.2 billion Total imports fob U*****.6 billion Total external debt U*****.3 billion Source: SINGAPORE'S second biggest trading partner in Latin America, Brazil,
      CIA World Factbook  -  189 words
    • 262 15 CIA World Factbook PANAMA is Singapore's biggest trading partner in Latin America. Trade between the two countries hit a record $5.78 billion last year, up 35 per cent from 2006. Singapore imported $7.5 million of largely fish from Panama in 2007. It shipped $5.8
      CIA World Factbook  -  262 words
    • 451 15 The Economist TRADE between Singapore and Peru amounted to $56.1 million last year, making Peru Singapore's ninth largest trading partner in Latin America. Singapore buys mostly copper, apparel, articles of textiles, fruits and nuts from Peru and exports to that country motor cars,
      The Economist; CIA World Factbook  -  451 words
    • 4 15
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    • 171 15 CIA World Factbook ARGENTINA is Singapore's seventh-largest trading partner in Latin America. Last year, bilateral trade totalled $253.1 million. Singapore shipped $187.8 million of goods to Argentina and imported $65.3 million from the country. Singapore's main imports from Argentina include iron pipe fittings, milk cream, alcohol, phenol
      CIA World Factbook  -  171 words
  • Page 14 Advertisements
    • 297 14 .0* 13 sssr- The Business Tlmes SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com business further al^Ml^M:#L~*^- mBMUHImB
      297 words

  • Page 15 Advertisements
    • 172 15 The annual Latin Asia Business Forum (LAB 08) brings together top business and government 1 leaders from Latin America and Asia to highlight opportunities for partnership in trade, 4 investment and services, and to share market experiences, insights and expertise. fl H^ -—J BH^LI FORUM HIGHLIGHTS: Wt^* f 1 JP
      172 words

  • ASIA-PACIFIC/WORLD
    • 512 16 Reuters Thousands will be deployed to move anti-government crowd: official [BANGKOK] Thai Prime Minister Samak Sundaravej yesterday ordered thousands of riot police to move an anti-government crowd occupying his office compound, his spokesman said. "The prime minister said it has to end today,"
      – Reuters; AFP  -  512 words
    • 515 16  -  ANNA TEO By [SINGAPORE] Asean may be pressing ahead with trade pacts with key trading partners, but the multilateral trading system remains a big priority, says Indonesia's Trade Minister, Mari Pangestu. The 10-member grouping will likely announce today at the 40th Asean Economic
      515 words
    • 471 16 Reuters, Bloomberg It settles claims of removing cash from customers' accounts +[NEW YORK] Citigroup Inc may consolidate some midtown Manhattan offices and ordered employees to pare expenses such as unnecessary colour copies, as the largest US bank struggles to cut costs. Citi
      Reuters, Bloomberg; AP  -  471 words
    • 405 16 Bloomberg LATEST US DATA [NEW YORK] Orders for US durable goods unexpectedly increased in July, indicating growing demand from abroad is still helping companies weather a slump in consumer spending. The 1.3 per cent gain in bookings of goods meant to
      Bloomberg  -  405 words
    • 389 16 AP [DUBAI] Major investment banks said yesterday that they have begun trading under new rules by Saudi Arabia that allow foreigners first access to individual stocks listed on the kingdom's exchange, the largest in the Middle East. Saudi authorities announced the major
      AP  -  389 words
    • 527 16  -  > NEIL BEHRMANN By in London WITH the advertising industry in the West down in the dumps, international advertising, branding and communications giant WPP is setting its sights on China and other parts of Asia to keep on growing during the
      527 words

  • WORLD
    • 617 17 AP Former first lady urges supporters to send Obama to the White House [DENVER] Hillary Clinton has summoned millions of voters who supported her in the primaries to send Barack Obama to the White House, declaring in a Democratic National Convention speech
      AP  -  617 words
    • 257 17 Reuters Sale of auction-rate securities is under question, says WSJ [BANGALORE] The New York attorney-general's office is probing the relationship between Fidelity Investments and Goldman Sachs Group Inc in connection with the sale of auc-tion-rate securities, the Wall Street Journal said, citing a person familiar with
      Reuters  -  257 words
    • 592 17 AFP [WASHINGTON] More than 37 million Americans live in poverty and nearly 46 million have no health insurance, an official report showed on Tuesday, spotlighting two key issues in the race for the presidency. Some 37.3 million people lived in poverty
      AFP  -  592 words
    • 646 17 -AP [TOKYO] Paris might still be good if you've got a big wad of cash and want the best of the best. But Tokyo is really where it's at food-wise, at least according to the French people who keep track of these
      -AP; AP  -  646 words
  • Page 17 Advertisements
    • 143 17 I [DISCOVER ERP gantry locations and prices IF^4P* I UUKbtLr: D (IN ENGLISH) With just a birth date, D get to know your: Character Suitable careers Shortest and quickest routes |_UCkV COIOUrS Shopping Centres I^WW *^W WWWM Calls at $0,214 cents/mm (inclusive of GST) J\ m 4t\ i; ""'"-r^^Ss-i^ jest
      143 words

  • AVIATION
    • 492 18 Reuters The airlines warned that the rest of the year would remain challenging [SHANGHAI] Air China's first half profit fell while China Eastern Airlines remained in the red as the carriers, two of the country's three largest, were pinched by rising
      Reuters; BLOOMBERG  -  492 words
    • 428 18 Reuters [MILAN/ROME] Sixteen Italian investors have agreed to pump about one billion euros (552.08 billion) into Alitalia as part of a plan to revive the ailing airline, a source familiar with the situation said on Tuesday. Alitalia adviser Intesa Sanpaolo yesterday met with
      – Reuters  -  428 words
    • 464 18  -  GREG LOWE By in Bangkok HIGH oil prices have put Thailand's budget airlines into a "precarious" position, aviation experts say. Margin-sensitive lowcost carriers have been hit particularly hard by huge fuel costs, which have sent two of the country's three main no-frills operators into
      464 words
    • 274 18 AP, Reuters [DALLAS] Southwest Airlines said on Tuesday it will not pay a record US$lO.2 miUion fine by tomorrow, the deadline set by the Federal Aviation Administration (FAA). The FAA levied the fine against Dallas-based Southwest Airlines Co in March because
      AP, Reuters  -  274 words
    • 274 18 AP [ATLANTA] Mass flight delays caused by an electronic communication failure at a Federal Aviation Administration (FAA) facility drew new criticism for an agency that has been scrutinised over air traffic controller staffing levels and inspection standards for its ground-based equipment. The northeast was
      AP  -  274 words
    • 2501 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,501 words
  • Page 18 Miscellaneous
    • 322 18 CRYPTIC CROSSWORD Amncc I He is behind the man taking 111 J9WAsH! 9 Balding slim leg-spinner g—^ in 10 This man is on target (5) II Flea found in the fields in ——H^ T^ Pi 12 Joan embraced husband HHHHH HHHHH HI Nathaniel first or another __HHH^Hfl_^^^^Hl__^^H^^^__^^__ 13 Posh wooden
      322 words

  • SINGAPORE BUSINESS EVENTS AWARDS
    • 1416 19 NOOR AISHA looks at prospects for the industry amid a tightening of the general economy IN THE midst of the sub-prime woes and a general tightening of the economy, one question that persists is whether Singapore's meetings, incentive travel, conventions and exhibitions (MICE) industry will
      1,416 words
  • Page 19 Advertisements

  • SHIPPING
    • 495 20 Reuters But slowdown in shipping volumes raises concern about H2 performance [HONG KONG] China Cosco Holdings, the flagship of the country's premier shipping conglomerate, beat forecasts to more than double its first-half earnings as China's unabated demand for resources and materials lifted
      ■ Reuters  -  495 words
    • 339 20 ■AFP Board of Marine Inquiry calls for ferry company to be stripped of franchise [MANILA] A Philippines ferry captain sailed toward the eye of a typhoon in a disastrous error of judgement that left nearly 800 people dead, according to an official probe reported
      ■AFP  -  339 words
    • 261 20 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell on Tuesday for a fifth consecutive trading day on weaker demand for so-called panamax vessels to haul grains, coal and iron ore from Pacific
      Bloomberg; REUTERS  -  261 words
    • TRANSPORT STOCKS
      • 108 20 '000 lug. CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.52 0.35 2.10 0.65 1.87
        108 words
      • 37 20 '000 lug. Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.80 8.70 8.25 3.46 2.98 0.14 0.12 unch 0.10 unch 0.02 -0.08 unch unch 101 56 1152 512 2 95 40
        37 words
      • 12 20 ■oo 'recious Ship Regional Cont .20.30 .15.80 0.50 0.40 30! 8:
        12 words
      • 11 20 '000 Doil iingamas Cont .26.50 ...1.64 0.31 0.04 89; 111
        11 words
      • 44 20 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.30 29.50 unch unch unch -0.50 unch unch 10! 107' TAIPEI ftug 27 NT$ Vo Vol Evergreen Marine ....18.45 :irst Steamship 60.20 Wan Hai Lines 16.90 fang Ming Marine...17.85 unch 0.70 unch unch 11
        44 words
      • 40 20 '000 lug. 'en (awasaki Hvy Ind ..235.00 -8.00 ***** (awasaki Kisen 766.00 unch 3238 Mitsubishi Hvy 512.00 -15.00 ***** Mitsui Eng&Sbldg...217.00 -4.00 ***** MitsuiOsk Lines ...1281.00 6.00 5476 Mippon Express 499.00 17.00 7962 MipponYusen 848.00 -7.00 4191 iource: Reuters
        40 words
    • 444 20 Bloomberg [HONG KONG/SHANGHAI] China Shipping Container Lines Co, the country's sec-ond-largest cargo-box carrier, said first-half profit dropped 45 per cent after fuel costs surged and the global economic slowdown stunted demand. Net income fell to 637.2 million yuan (Ssl 32.15 million), or 0.05 yuan
      Bloomberg; BLOOMBERG  -  444 words
    • 388 20 Reuters [SEOUL] Steelmaker Posco and Hyundai Heavy Industries officially expressed interest yesterday in acquiring a majority stake in world No 3 shipyard Daewoo Shipbuilding Marine Engineering estimated at up to US$B billion. The deal has drawn heavy attention from both domestic and
      Reuters  -  388 words
    • 212 20 Bloomberg [COPENHAGEN] AP Moller-Maersk, the world's biggest container shipper, agreed to buy Brostrom AB for 3.62 billion Swedish kronor (SsBos million) to add a fleet of almost 100 product and chemical tankers. Maersk offered 57 kronor in cash for each the company based here
      Bloomberg  -  212 words
  • Page 20 Advertisements

  • BizIT
    • 721 21  -  CHRISTOPHER LIM By GORGEOUS screens and beefy specifications are the name of the game for handset manufacturers as they look for a niche that hasn't yet been exploited by Apple's high-profile iPhone. Less than a week after Sing Tel launched the iPhone
      721 words
    • 1043 21 But market revenue is expected to decline this year with disk storage going down, writes AMIT ROY CHOUDHURY THE disk storage systems market in Singapore was worth as much as U*****.8 million last year, according to latest data released by IDC. Speaking
      1,043 words
    • 516 21  -  WINSTON CHAI By NOW that the popularity contest in the West is lost, Friendster will ramp up its expansion in Asia in preparation for a fierce battle to defend its remaining social networking crown in the Far East. The company was recently given
      516 words
  • Page 21 Advertisements
    • 57 21 Upping the ante for mobile devices. Call 6-531 3700 now for the ACCPAC Specialists ssge ssge Stone Forest IT ISBiliSilSillHilHill UMlUtiiiS^^H www.StoneForestlT.com.sg Call 6-531 3700 now for the IT Specialists imm Microsoft eaa StOflG FOPeSt IT GOLD CERTIFIED |S*t|f JIUI IC IWI CJI II Partner www.StoneForestlT.com.sg Call 6-222 6868 now
      57 words

  • EDITORIAL & OPINION
    • 488 22 WHETHER Senator Barack Obama will be elected as the next US president in November depends very much on what happens in Denver this week. Most US opinion polls suggest that American voters are dissatisfied with the economic condition of their country and that they
      488 words
    • 1010 22  -  DAN ARIELY It explains why consumer confidence is down when the US economy is up By I E HAVE a market paradox on our hands. US consumer confidence is close to a 40-year low, suggesting that the economy is in worse shape
      REUTERS  -  1,010 words
    • 790 22 The Washington Post Writers Group THE BOTTOM LINE WHAT we have here to borrow a line from the old movie Cool Hand Luke is a failure to communicate. By all rights, Americans should be having a fierce debate over the role of
      The Washington Post Writers Group  -  790 words
    • 939 23  -  ANTHONY ROWLEY It would be much better to pull together all of the scattered agreements into one pan-Asia or Asia-Pacific FTA A RASH of freetrade agreements (FTAs) of various kinds has spread across the face of Asia in recent times and the epidemic seems set
      REUTERS  -  939 words
    • 800 23  -  CALLUM HENDERSON AFP By MARKETS continue to focus on cyclical economic risks. It is important to differentiate between the current cyclical forces, which may eventually lead to a powerful US dollar (USD) rally, and the secular forces, which will see renewed, multi-year weakness. To
      AFP  -  800 words


  • SINGAPORE STOCKS
    • 5755 24 Transaction date: Aug 27 52-wks Tel |h Low Code Last Sale Vol ('000) Hi 1 Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hii C01 5716 1st Software 16 5 3148 STelecom 2i'io i 6oo S sf°sTe 202? J.S IS &IVf°T
      5,755 words
    • 72 24 52-Wk Tel High Low Code Last Sale Vol fooo) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hi. 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 ISMSCI Spore 6101 ISS&P5OO 6170 SPDRS 398.3 278 6009 STI ETF
      72 words
    • 1815 24 52-Wk Tel High Low Code Last Sale Vol COOQ) 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
      1,815 words
    • 203 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
      203 words
  • Page 24 Advertisements
    • 50 24 m 11 lI^mBH Ell X THE EDWARD PIGUET WATCH Le maitre de I'horlogerie depuis 1875 '~'vfi&lsSF 'flag A THE WATCH OF YOUR LIFE V^^B M VililJ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      50 words

  • FINANCE & COMMODITIES
    • 364 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Alll 26 World Index Preliminary 947.6 0.0 -16.3 0.3 -17.7 -0.3 -16.9 t EAFE Preliminai 893.4 -0.1 -20.3 -0.2 -22.1 -0.8 -21.3 Euro[ Prelim inan 1224.3 0.1 -20.7 -0.1 -23.1 -0.7 -22.3
      364 words
    • 131 25 As at 9am AuglJ Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2120 1.2270 Can dollar 1.3510 1.3680 Euro 2.0750 2.1000 NZ dollar 0.9850 1.0070 terlinc nd 2.6050 2.6340 US dollar 1.4130 1.4290 Local dollars to 100 units of foreign currency:
      131 words
    • 174 25 Aug 27 er Overnight 1/8 1-month 1 2-months 1 1/8 3-months 1 3/16 Overnight mode: 11/16 US$ Offer par 7/8 1 1 1/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.45 2.60 2.82 3.02 3.20 3.33 3.42 Offer 2.35
      174 words
    • 23 25 AuglJ en Hk STI SIMSCI Auc 334 335.8 334.3 Taiwan Auc 268.3 276.4 274.5 Source: MF Global (S) He. Ltd
      23 words
    • 24 25 Aug 27 S$ Bid Offer 1-month 1.4152 1.4165 2 months 1.4133 1.4157 3-months 1.4114 1.4128 6 months 1.4062 1.4078 Source: OCBC
      24 words
    • 158 25 Aug 27 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2194 1.2207 0.8604 0.8606 Canadian dollar 1.3578 1.3595 0.9580 0.9585 Euro 2.0868 2.0889 1.4724 1.4727 NZ dollar 0.9951 0.9973 0.7021 0.7031 terlinc 2.6149 2.6171 1.8450 1.8451 US
      158 words
    • 317 25 Aug27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.0050 96.8850 ***** ***** ***** 4208 EUROYEN TIBOR FUTURES SepO8 99.155 99.160 DecO8 99.205 99.205 MarO9 99.280 99.280 JunO9 99.250 99.250 SepO9 DecO9 Mar10 Jun10 99.155 99.200 99.260 99.240 99.160 99.205 99.245 99.225 99.170
      317 words
    • 285 25 Aug 27 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High I Low Close Sett Volume (tonnes) Open Interest Sep 08 Oct 08 NOV08 Dec 08 Jan/Mar 09 Apr/Jun 09 424.50 422.25 419.00 417.25 415.75 417.75 RSS 3 (US cents/kg) Month Hig jh Low Sett Volume (tonnes)
      285 words
    • 101 25 Aug26 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 08 1337.50 1339.25 1345.00 1317.00 Nov 08 1344.50 1347.00 1352.00 1323.00 Jan 09 1362.00 1364.50 1369.00 1344.50 MarO9 1375.75 1377.00 1381.00 1358.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 08 53.92 54.52 54.20 53.40 Oct08 54.13
      101 words
    • 74 25 CRUDE OIL PRODUCTS Aug26 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 114.83 1.51 WTI(NearMth) 116.08 0.94 Dubai (1-Mth F) 110.28 -2.09 Tapis blend 120.65 -2.10 Minas 115.85 -2.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 108.45 133.60 -0.22 0.60 US$/barrel Opec Oil Basket Price 110.61
      74 words
    • 445 25 Aug27 Australia 0.898 5.885 0.584 6.719 37.724 78.865 0.937 9.330 2.912 1.225 65.355 39.368 1.220 6.687 0.942 27.093 29.304 0.466 0.861 Canada 1.114 6.554 0.651 7.482 42.010 87.825 1.043 10.390 3.243 1.364 72.780 43.841 1.359 7.447 1.049 30.171 32.634 0.519 0.958 China 0.170 0.153 0.099 1.142 6.410
      445 words
    • 92 25 Aug 27 Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****H 20.11.08 1-Year BY*****N 04.05.09 0.87 1.09 0.75 0.75 1.05 1.03 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year
      92 words
    • 74 25 Aug27 (US$) (SS) 2.***** 1.***** 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$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6mths 1.***** 9mths 1.***** 12mths 1.***** SWAP Mid rates
      74 words
    • 59 25 Aug27 Delivery Month Opening Range Sett Av Price Price Hi( Vol Open Done Position Low Sep 08 2480 Oct 08 2488 Nov 08 2470 Dec 08 2471 Total o/p:***** contracts 2480 2512 2399 2501 2519 2409 2502 2523 2410 2504 2523 2417 Turnover: ***** Market tone: Higher 168
      59 words
    • 134 25 Aug27 GOLD (USS/oz) Aug 27 Auc 26 Hong Kong London 830.70 812.80 831.70 813.80 Aug 26 Aug 25 827.00 821.50 828.00 822.50 Source: Reuters CAST BAR (S$) Aug27 Buying Sellinc Kilobar ***** PAMP GOLD BARS (S$) Selling ***** Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
      134 words
    • 68 25 Aug26 iri iiuiii, yy.i (US$/tonne) Close Previous Cash 2716.00 2740.00 3 months 2768.00 2790.00 Copper, Grade A (US$/tonne) Cash 3 months 7665.00 7580.00 7765.00 7660.00 Lead (US$/tonne) Cash 1847.00 3 months 1855.00 1878.00 1880.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      68 words
    • 74 25 Aug26 COCOA (£/tonne) Close Prev Hie h/Low SepO8 1612 1557 1616/1579 Dec 08 1630 1574 1634/1595 Mar 09 1631 1578 1636/1592 May 09 1629 1577 1620/1617 COFFEE (US$/tonne) Close Pev High/Low SepO8 2323 2271 2340/2236 Nov08 2358 2298 2375/2270 Jan 09 2340 2284 2362/2256 SUGAR (US tonne) White Close
      74 words
    • 3555 25 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 2058 Advance Modules Grp W*****3 6 susp 2036 Advance SCT Ltd W*****9 0.5 ArianeCorp Ltd W*****9 0.5 9092 Asia Environment W*****4 17 4481 Asia Water Tech Ltd W*****0 18.5
      3,555 words

  • Page 26 Advertisements
    • 3267 26 SHIPPING TIMES dM B^H KPI B^^lJffln^^ff^^nßff^ WAN HAI INTERNATIONAL PTE LTD (RN0:**********0/R m m^m .X^M K.%M mummmimm^mmm, mm VttT\ ■■■>&■ ■■>■ iv.« te*****1588 n4lines) fax:*****163 l^~l V ■E^Ti^T^PT^M RgjS ESS I V\\M 1 WAN HAI INpX Custom* Swvice/Bookings Direct Une-(1800) *****200 _^^_^^Lj I I l^l^W" I I ***** Snaß I
      3,267 words

  • Page 27 Advertisements
    • 3348 27 jjlfil AUSTRAL ASIA LINE »b»u:h^/™. l »»d ß i.tn..J |l|«jtl| H R H H I g§> CA^ ASIA AUSTRALIA SERVICE J"-/'/i».i (tmUmtri 1(1 Si-MniH fuyil H H -MM -K-R HH BSSZ^^^^^H3l^^^^Ei:^^^ra^^^^l^^^H3l^^^B3^^^E3!^^ WEEKLY EXPRESS SAILING SCHEDULE api[QNWAYiOAB IVOB 21/08 is/o? Wpj 2g/09 02/10 HWfff!! wnSWin!l7l&37Klf!niliri'MTl'l?lfTS¥lMrn!BMnnt [APi MORiTON l IAB [9/09 27/09
      3,348 words

  • Page 28 Advertisements
    • 4179 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      4,179 words

  • PROPERTY
    • 475 29 Reuters It's yet to seal loan deal with banks, says Taylor Wimpey [LONDON] Britain's most popular house builder, Taylor Wimpey, slumped to a £1.54 billion (Ss4 billion) pretax loss on falling property values and merger costs and said it has yet to
      Reuters; BLOOMBERG  -  475 words
    • 290 29 Bloomberg [NEW YORK] Lend Lease Corp, the Australian developer building London's 2012 Olympic Village, plans to sell its 50 per cent interest in Pennsylvania's King of Prussia Mall. Lend Lease put its share of the 2.6 million square-foot mall in
      Bloomberg  -  290 words
    • 817 29 Reuters Concern over bond and swap deal disclosure, insider trading, says sources [TOKYO] Japan's financial regulator is looking into a deal between French bank BNP Paribas and a collapsed property developer amid criticism over its disclosure and concerns insider trading laws may have
      ■ Reuters  -  817 words
    • 378 30 Reuters Sales of unfinished properties must be registered before they can be resold [DUBAI] Dubai has issued a new law to regulate the sale of real estate still under construction in an effort to curb speculation that has sent property prices in the
      ■ Reuters; AFP  -  378 words
    • 151 30 Reuters [BEIJING] China's banking regulator and central bank yesterday ordered commercial lenders to be more careful when lending to real estate developers. In an joint statement published on the People's Bank of China's website (www.pbc.gov.cn), they said that banks should not
      ■ Reuters  -  151 words
    • 786 31  -  KALPANA RASHIWALA Some may want to test market now rather than risk deterioration in sentiment By [SINGAPORE] Some developers have been quietly oiling their launch machinery in the past few weeks as they get ready for previews and launches, especially with the
      786 words
  • Page 29 Advertisements
    • 465 29 GOOD CLASS BUNGALOW SITE PRIME NASSIM ROAD iSvTnScvcc¥rSw?rv SSjSSfSr $^m I 2 storey bungalow with Basement Carpark and Roof Terrace ■■^^^f^fe Land Area :A PP rox. 26,555 sqtt 2 Blocks of Freehold Apartments Gallop Gables W> EJM i Tenure Freehold BUK i T T MAH road 2 Blocks (38 units)within
      465 words

  • Page 30 Advertisements
    • 1302 30 For Lease Office: 565 to 29,000 sqft Outside CBD/ Free Shuttle Bus Service to MRT Station Panoramic city/ sea view Broadband enabled/ SCV Service available Ample carparking space Hong Fok Group Tel: 6390 2425/6292 8181 3 storey terrace Ground floor 6,659 sq ft Private lift Own frontage Free parking No
      1,302 words

  • Page 31 Advertisements
    • 504 31 Sheraton Mirage Resort and development land Port Douglas, Tropical North Queensland, Australia Vendor instructions are "to sell" One of Australia's landmark resorts fronting Four Mile Beach Total area of 109 ha (approx) ft^L ..-Ifefj 294 luxury hotel rooms Mirage Country Club plus 18 hole golf course 1.75 ha (approx) of
      504 words

  • PRIME OF HEALTH
    • 1068 32 Medical beauty treatments have become all the rage among men and women and for different reasons, as CLARISSA TAN finds out THE market for treatments to look younger and better has never lacked buyers. And these days, the customers are almost as likely to be men as women.
      FILE PHOTO; YEN MENG JIIN  -  1,068 words
  • Page 32 Advertisements
    • 150 32 NOVENA Medical Center -■M I I g^M mm A Wide Variety Of Specialised Services Under One Roof. "T-. ''<#■& TVS. Conveniently located in the central Novena vicinity, our growing reputation has attracted At Singapore's most modern medical centre, you can truly enjoy the highest level of care in j^^l**- 3*'"
      150 words
    • 15 32 This is the eleventh of a 12-part series brought to you by NOVENA Medical Center
      15 words