The Business Times, 1 July 2009

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Total Pages: 29
1 29 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|sl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, July 1,2009
    20 words
  • 731 1  -  i JOYCE HOOI Top five companies retain May rankings in June, which sees just 1.7% rise [SINGAPORE] The first half of 2009 saw a roaring 38.7 per cent surge in market capitalisation for the Singapore stock market, even though the gain in June
    'BT  -  731 words
  • 782 1  -  PAULINE NG Sweeping capital and property market measures include changes to 30% bumiputra equity rule By in Kuala Lumpur MALAYSIA is making radical policy changes to its capital and property markets that include tinkering with a cornerstone of public policy enshrined in the
    782 words
  • MARKETS DIGEST
    • 47 1 uesi lay lange 1 COMP 1,075.24 -0.60 IIKKEI225 9,958.44 +174.97 1ANG SENG 18,378.73 -149.78 ;et index 597.48 -4.12 JAKARTA COMP 2,026.78 -6.94 1ANILA COMP 2,437.99 -30.06 ;eoulcomp 1,390.07 +1.62 ;henzhenb 496.22 -3.10 IUMBAI IND 14,493.84 -291.90 12 noon EDT Cham )OW 8,407.25 -122.13 IASDAQ 1,829.68 -14.38
      47 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.165 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 43 1 IS$ (S$ per US$) 1.447 (us$/ss ier 1.668 2.414 :UR0 (US$/S$/E) 1.411 2.041 Forei' in curreno ier US$ 1$ 'EN 95.50 66.00 3.514 2.429 IK$ 7.750 5.356 !AHT 34.02 23.51 lUPIAH 10,195 7,045 lENMINBI 6.831 4.721 INDIAN RUPEE 47.93 33.12 1.232 0.851
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 46 1 COMMENTARY TRANSPORT HUB j EXEC MONEY v<> SALARIES SGS: a simple but Alpine pumps 1.5 m Investor loss aversion sSp^jH Lower bonuses solid option into Chevrolet Centre rteffhrt set to increase -lug pare wage rise PAGE 7 PAGE 21 IBEOI PAGE 30 —s^^ p AGE 9
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  • TOP STORIES
    • 681 2  -  RONNIE LIM Developers find it 'challenging' amid slowing gas demand and costly financing [SINGAPORE] The government is taking over the development and ownership of Singapore's planned $1 billion-plus liquefied natural gas (LNG) terminal to ensure timely and sufficient supplies for power stations and
      681 words
    • 255 2 Bloomberg [NEW YORK] US Treasury Secretary Timothy Geithner said the American economy is showing signs of emerging from its slump and financial markets are starting to stabilise. "The national economy is showing some greater signs of stability" as consumer confidence and credit
      – Bloomberg  -  255 words
    • 302 2  -  S JAYASANKARAN The project's owner decides to hold RM66Om payment to the contractor in Kuala Lumpur THE Port Klang Authority (PKA), owner of the controversial Port Klang Free Zone (PKFZ) project, said yesterday it will stop payment of RM66O million (*****.6 million) to
      302 words
    • 424 2 Bloomberg LATEST US DATA Unexpected fall in June reflected weak labour market [NEW YORK] Confidence among US consumers slipped unexpectedly in June, reflecting a weak labour market. The Conference Board's sentiment index decreased to 49.3 from a revised 54.8 in May, the New Yorkbased research
      – Bloomberg; I AFP  -  424 words
    • THREE-MINUTE DIGEST
      • 73 2 MALAYSIA is making sweeping policy changes to its capital and property markets that includes tinkering with a cornerstone of public policy enshrined in the 30 per cent bumiputra equity rule. With the change, businesses seeking to list on the stock exchange will no
        73 words
      • 57 2 THE first half of 2009 saw a roaring 38.7 per cent surge in market capitalisation for the local stock market, even as June figures rose on a whimper. Market capitalisation in June increased by just 1.7 per cent month-on-month to $545 billion, a
        57 words
      • 56 2 THE Singapore government is taking over ownership and development of the planned $1 billion-plus LNG terminal here to ensure timely and sufficient natural gas supplies for power stations and industries over the long-term, S Iswaran, Senior Minister of State for Trade Industry
        56 words
      • 57 2 ECONOMISTS, policy makers and businessmen yesterday debated the merits of embedding more automatic stabilisers into fiscal policy, versus relying on discretionary measures. Some of the 54 participants at the 11th Singapore Economic Roundtable also said it is time to replace "emergency room" measures with
        57 words
      • 55 2 FRASERS Commercial Trust will raise $213.9 million in a 3-for-l rights issue and also acquire a property from its sponsor for $342.5 million as it looks to recapitalise. FCOT also announced yesterday that it has secured financing for $675 million from a consortium of
        55 words
      • 65 2 THE majority shareholders of Giant Wireless Technology want to delist the company from the Singapore Exchange. The offeror, Rosebloom Profits, is offering shareholders 1.85 cents a share, a 26 per cent discount on its last traded price of 2.5 cents. Along with its
        65 words
      • 64 2 ENGINEERING group PEC is eyeing a listing on the Singapore Exchange main board, amid hopes that the quiet initial public offering market will return to life as the battered economy stabilises. The company, which is hoping to raise funds to finance its expansion, yesterday
        64 words
      • 87 2 TOTAL wages in Singapore comprising basic pay and bonuses grew 4.2 per cent in 2008, down from a 5.9 per cent increase in 2007. While the basic wage increase was largely unchanged, last year's smaller overall rise was due to lower bonuses of
        87 words
      • 70 2 GROWING confidence that the US economy is putting the worst recession in decades behind it has pushed the index known as Wall Street's fear gauge to its lowest level since just before Lehman Brothers collapsed last September. The CBOE Volatility Index,
        70 words
    • 442 4  -  TEH SHI NING 'Emergency room' measures and automatic stabilisers among issues aired [SINGAPORE] Economists, policymakers and businessmen yesterday debated the merits of embedding more automatic stabilisers into fiscal policy, versus relying on discretionary measures. Some of the 54 participants at the 11th Singapore Economic
      442 words
    • 672 4  -  CHEW XIANG They must provide quality advice and invest in technology [SINGAPORE] The economic crisis has brought the soaring wealth management industry down to earth and it must change to survive, according to a new study by PricewaterhouseCoopers (PwC). The report,
      672 words
    • 199 4 -AFP [BEIJING] Chinese protectionism is on the rise, the European Chamber of Commerce in China warned yesterday, as Beijing moves to fend off criticism that it is favouring its own firms over foreigners. The chamber said a survey covering 313 European
      -AFP  -  199 words
    • 801 4 Bloomberg Wall St swindler will get 12-40 cents an hour for work in jail [NEW YORK] Bernard Madoff, sentenced to a prison term six times longer than those given to the chief executives of World Com Inc and Enron Corp, will likely serve his
      – Bloomberg; : AFP, Bloomberg, Reuters Source: Bloomberg  -  801 words
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  • Page 4 Advertisements
    • 1257 4 w A MATS GATES ELECTRONICS LIMITED (Company registration: *****1902W) (Incorporated in Singapore on 3 March 2003) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVENTHAT an extraordinary general meeting of the shareholders of our Company will be held at Grand Mercure Roxy Hotel, The Boardroom, Level 16,50 East Coast Road,
      1,257 words

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  • COMPANY NEWS
    • 636 5  -  UMA SHANKARI Reittoraises2l4m from 3-for-1 rights and pay sponsor $342 m for property FRASERS Commercial Trust (FCOT) will raise $213.9 million in a 3-for-l rights issue and also acquire a property from its sponsor for $342.5 million as it looks to recapitalise. FCOT also
      636 words
    • 561 5  -  LYNETTE KHOO Ex-CEO offers to give the group his investment firm free ORIENTAL Century is seeking new investors or "white knights" interested in the company as a listed shell or its education business in China. Its former CEO and chairman has also
      561 words
    • 429 7  -  CHEW XIANG Offer of 1.85 cents a share is 26% discount on its last traded price THE majority shareholders of Giant Wireless Technology want to delist the company from the Singapore Exchange. The offeror, Rosebloom Profits, is offering shareholders 1.85 cents a share,
      429 words
    • 438 7  -  LYNETTE KHOO By SINO-ENVIRONMENT Technology Group said the Singapore Exchange has granted the group a further extension of time to Aug 14 to announce its financial results for the first quarter ended March 31. The second request for extension was
      438 words
    • 841 7  -  ARTHUR LEE THE move to allow individuals to participate in Singapore government bond auctions at ATMs from today cannot come soon enough. It presents a welcome option for anyone who wants almost absolute security on their savings albeit at slightly lower yields, while at the
      841 words
    • 227 8  -  VINCENT WEE By KEPPEL Corp, through the overseas units of its offshore and marine arm, has secured three semi-submersible rig repair and upgrading contracts worth $30 million. The Keppel Verolme yard in the Netherlands is doing work for China Oilfield Services Ltd (COSL) for
      227 words
    • 326 8  -  WINSTON CHAI Bid to raise funds for expansion; preliminary prospectus lodged Engineering group PEC is eyeing a listing on the Singapore Exchange main board, amid hopes that the quiet initial public offering (IPO) market will return to life as the battered economy stabilises. The
      326 words
    • 226 8 FRASER and Neave (F&N) and The Coca-Cola Company have agreed on new transition arrangements that will run for 20 months after their current bottling arrangments in Malaysia, Singapore and Brunei expire in January next year. A joint statement last night said the transition deals followed discussions
      226 words
    • 172 8 CATALIST-LISTED Mencast Holdings is making two acquisitions for $8.6 million to complement its sterngear equipment and services business. Under two agreements it has entered into, Mencast will acquire the entire issued and paid-up share capital of Recon Propeller Engineering for $8.4 million and
      172 words
    • COMPANY BRIEFS
      • 79 8 FEDERAL International (2000) has proposed a renounceable non-underwritten rights issue of up to 160.6 million new shares at $0.10 a piece. This represents a 60 per cent discount off the firm's closing share price 25 cents yesterday. The issue is on the basis for one
        79 words
      • 82 8 CHINA Essence Group said that it has obtained an agreement for the extension of its existing loan with DBS Bank which fell due yesterday. Under the preliminary agreement, China Essence will be required to repay 16.7 per cent of the loan, or 70 million yuan
        82 words
    • 327 8 I Op DU Based on market capitalisation CURR PREV COMPANY MKTCAP CHNG RANK RANK (S$M) FROM JUNE 30 DEC 31 JUNE 30 DEC 31 2009 2008 2009 2008 1 1 SingTel *****.4 17.7 2 4 Wilmar *****.1 79.9 3 3 DBS Grp *****.6 40.2 4 5 Jardine Matheson
      327 words

  • SINGAPORE MARKETS
    • 660 6 Reuters, AFP CURRENCIES Analysts say massive fiscal outlays and steps to bolster commercial banks are finally taking hold [LONDON] The US dollar slipped against a basket of currencies yesterday as risk sentiment improved on expectations the global economy and financial system were stabilising from
      – Reuters, AFP; BLOOMBERG  -  660 words
    • 97 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 8 2 0 0 0 5 8 2 lanufacturing 42 61 63 13 46 65 76 Commerce 16 19 21 18 25 23 'pt/Stor/Comms 16 11 10 17 12 ■inance Construction 11 13 10 'roperties
      97 words
    • 113 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24,617 24,617 95,574 95,574 lanufacturing 245,291 41,687 286,978 181,909 1,440 183,349 Commerce 120,296 14,527 134,823 97,243 2,955 100,199 ■pt/Stor/Comms 153,161 783 153,944 248,671 95 248,765 :inance 34,322 34,322 264,927 264,927 Construction 41,879 2,401 44,280 12,269 45 12,314 ■roperties 112,959
      113 words
    • 35 6 Capita Land 3.710 -0.020 .apr lofrrl forl iro .osco .orp mp i en' :mg \gn F^ri line ipel .orp Noble Grp 1.820 +0.020 :ngg igg >efn1 .orp >eml .ing EaF Imar
      35 words
    • 590 6  -  R SIVANITHY STOCKS THANKS mainly to support for thinly traded Jardine Matheson and Jardine Strategic, the Straits Times Index (STI) rose 15.97 points to 2,333.14 yesterday amid a weak session for the broad market. In addition, a last-minute push on the banks
      : Bloomberg  -  590 words
    • 85 6 Wh lere S! stands Jun 30 CHNG CLOSE FRJUI129 YR2009 S$ LOW S$ HIGH uss 1.4474 0.54 1.5579 1.4308 Euro 2.0390 0.08 2.0732 1.9150 Pounds 2.4051 -0.10 2.4051* 2.0356 1.1749 -0.66 1.1816 0.9453 ren* 1.5156 0.55 1.7278 1.4831 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.2521 0.45 4.3390 4.1040 Peso*
      85 words
    • 63 6 Jun 30 VALUE CLOSE IT OB/OS -95.00+165.C IT CADI -*****.00 -72. IT 10-day MA -*****.00 -10.0' TSE ST Mid Cap 518.03 -4.7! TSE ST Small Cap 419.09 -5.5 TSE ST All Share 567.10 +1.9: TSE ST China Top 234.70 -6.5 TSE ST China 230.78 -4.9i TSE ST
      63 words
    • 59 6 VOLUME China Honqxinq 47,723,000 Golden Agri 44,371,000 Gentinq SP 42,094,000 Jade Tech 35,660,000 NOLR 32,757,000 Lifeßrandz 31,420,000 Sing Tel 30,425,000 ChinaNTown 25,978,000 Transcu Grp 25,120,000 Capita Land 21,618,000 VALUE(S) Sing Tel 91,204,946 DBS Grp 89,028,675 Capita Land 81,456,640 UOB 74,937,580 OCBC Bk 62,539,952 Keppel Corp 54,417,060 SIA
      59 words
    • 94 6 CLOSE UP iBXT FTChina25 10US$ 2782 335.5 9.1 IMH 2742 188.0 5.' lardine C&C 1920 90.0 4. ISH 1474 89.7 4.. IQB 5.05%NCPS 100 9780 80.0 0.: ilA 200 1320 56.0 4.. ilA 1330 50.0 3. ilA.ES.0907 1320 42.0 3. •ain irm 646 40.5 4. fxor Emen |Mkts 1
      94 words
    • 126 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4440-376.0 -5.5 DBXT S&P Short 10US$ 6772 -57.9 -0.6 Cifr '.ES.0906 861 -49.0 -5.. India Ni 10 1313 -35.0 -2.6 ISMSCI India 100 545 -20.3 -2.5 OCBC Bk4.5%NCPS 100 8820 -20.0 -0.2 Omei iNav 1560 -20.0 -1.3 Cifr 858 -19.0 -2.2 Kei
      126 words
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    • 322 7 £fft SSlSßunlty for J KEY SPEAKERS PANELISTS %M Wt entrepreneurship Mr Wong Fong Fui Dr Eric Yong Xv Mr Sunny Verghese Mr Ong Peng Tsin Boustead Singapore Baidu.com 01am International Infocomm Investments Grew Boustead 22% Co-founded China's Ernst Young Serial technopreneur, per annum over leading search engine Entrepreneur Of The
      322 words

  • Page 8 Advertisements
    • 1171 8 Advertisement k^TT^Tlmr C P Tol! fref :lBl°" 2 HB9" BB22 |V|l Email: notices@sph.com.sg _L^l V^>/ X I V j I j i www.cats.com.sg CTOKIO MARINE GENERAL ASSET PTE. LTD. Jl IC COMPANY REGISTRATION NO. %Jfflo *****1028G (INCORPORATED IN THE REPUBLIC June 9 2009 BAN LEONG TECHNOLOGIES LIMITED ofsingapore, (Incorporated in
      1,171 words

  • SINGAPORE NEWS
    • 485 9  -  LEE U-WEN Firms expect to cut wages if business conditions continue to worsen: survey TOTAL wages in Singapore comprising basic pay and bonuses grew 4.2 per cent in 2008, down from a 5.9 per cent increase in 2007. While the basic wage increase was largely
      485 words
    • 222 9  -  MICHELLE YEO Dean, other leaders to receive strategic advice, guidance THE National University of Singapore (NUS) Business School has appointed a new management advisory board for a two-year term. The chairman of the board is S Dhanabalan, chairman of Temasek Holdings. The deputy
      222 words
    • 570 9  -  LEE U-WEN COMMENTARY MORE than 4,600 first- year students at Republic Polytechnic are staying home this week instead of going to school, as latest figures show the institution has 66 confirmed HINI cases the largest local cluster in Singapore. Similarly, close to 100 remisiers from CIMB-GK
      STEPHANIE YEOW/THE STRAITS TIMES  -  570 words
    • 412 9  -  BRANDON CHEW By AMBITION, one of Asia's leading recruitment groups, yesterday released the findings of its Job Market Trends survey for the first half of 2009, revealing cautious optimism. Among the 580 Singa-pore-based hiring managers and human resources professionals surveyed across nine industry sectors,
      412 words
    • 249 9  -  BRITTANY KHOO By WITH just a click of the mouse, companies will now be able to view a summary of legislation changes that are pertinent or applicable to their businesses. Known as the Electronic Register Update of Legislation or "eRULE", PSB Academy's newly revamped
      249 words
    • 440 9  -  YEN SREENIVASAN By THE Civil Aviation Authority of Singapore (CAAS) yesterday named three people that have been appointed board members of the company that runs Changi Airport from today. They are Mike Barclay, head of Sentosa Development; Derrick Wan, director for governance and
      440 words
  • Page 9 Advertisements
    • 195 9 SiTF Awards 2009 SiTF Awards 2009, organised by Singapore infocomm Technology Federation (SiTF), is to recognise Innovative ICT application/solution developed by companies or institutions. It offers an excellent platform for organisation to create awareness, seek investors and identify business partners in the course of the event. Reasons why you should
      195 words

  • ECONOMY WATCH
    • 582 10 Reuters After hitting record highs, VIX is at its lowest since before Lehman's collapse [NEW YORK] Growing confidence that the US economy is putting the worst recession in decades behind it has pushed the index known as Wall Street's fear gauge
      – Reuters  -  582 words
    • 443 10 Bloomberg June unemployment hits 8.3% on rising bankruptcies [BERLIN] German unemployment rose in June to the highest since 2007 as falling demand and rising bankruptcies forced companies to cut jobs. The number of people out of work increased a seasonally adjusted 31,000 to 3.5
      – Bloomberg; AFP  -  443 words
    • 214 10 Reuters [ZURICH] The ÜBS consumption index for Switzerland fell steeply in May to its lowest level since 2004, hit by lower car sales, with the outlook becoming increasingly negative, the Swiss bank said yesterday. The indicator, based on five sub-components measuring
      – Reuters  -  214 words
    • 720 10 Reuters Restrict investor access until safety is proven, it says [BASEL] Financial products should undergo registration like medicines to curb investor access until safety is proven, the Bank for International Settlements (BIS) said on Monday. Policymakers were alarmed at how opaque and complex securitised
      – Reuters  -  720 words
    • 341 10 Bloomberg [SEOUL] The outlook for emerging markets is "far more optimistic" than for developed economies, investor Marc Faber said. "We are living through major changes in the world," said Mr Faber, the publisher of the Gloom, Boom and Doom report. Emerging markets are becoming more
      Bloomberg  -  341 words
  • Page 10 Advertisements
    • 132 10 A Brunch Divine A culinary wonderland unfolded before us; over 100 choices complemented with unlimited Champagne. Freshly-shucked oysters and crustacean Sunday Champagne Brunch on ice beckoned as did the petit canapes and cheese. Meanwhile, succulent roasts and gourmet creations vied for attention alongside breakfast with unlimited Veuve Clicauot favourites. The
      132 words

  • MALAYSIA
    • 312 11 -Bloomberg The companies will now compete on a 'level playing field' with private businesses, he says [KUALA LUMPUR] Malaysia's gov-ernment-linked companies (GLCs) will be required to sell their stakes in non-core businesses and should only remain in industries where they can be competitive,
      -Bloomberg \; REUTERS  -  312 words
    • 480 11 Bloomberg [KUALA LUMPUR] Axiata Group Bhd, South-east Asia's second-largest mo-bile-phone provider, said earnings growth may accelerate next year as regional economies emerge from the global slowdown and the Malaysian company cuts network spending. Earnings before interest, tax, depreciation and amortisation may increase
      – Bloomberg  -  480 words
  • Page 11 Advertisements
    • 3095 11 J.^l V^>/ _L XVj -I—/ l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE —M COMPANIES ACT, CAP. 50 AND ©N***^ IN THE MATTER OF eilfietWOrkS ROWSLEY CUMMINS POWER RENT (SEA) THINK PERFORMANCE ROWSLEY LTD. PTELTD cnucTUiAnve Annnn iiiiTEn (Incorporated in the Republic of Singapore) [C0.Reg.N0.*****1277M]
      3,095 words

  • GREATER CHINA/INDIA
    • 521 12 Bloomberg Scheme to protect exporters from forex swings and boost trade with Asean [SHANGHAI] China may soon allow companies in its southern provinces of Yunnan and Guangxi to use yuan to settle cross-border trade with South-east Asia to reduce foreign exchange risks, an
      – Bloomberg; BLOOMBERG FILE PHOTO  -  521 words
    • 316 12 Reuters [LONDON] The chairman of India's Bharti Airtel said on Monday the group was not working on sweetening the deal for Africa's biggest mobile operator MTN Group, but did not rule it out. Sunil Mittal also told Reuters the group had not yet
      – Reuters  -  316 words
    • 256 12 Bloomberg [TAIPEI] Taiwan will allow Chinese investment in 100 industries and projects, helping the island's economy to benefit from the warmest cross-strait relations in 60 years. Taiwan will open up 64 sectors of manufacturing, 25 in services and 11 public infrastructure projects
      – Bloomberg  -  256 words
    • 196 12 -AFP [MUMBAI] India's Hindi-language film industry, emerging from a damaging boycott of multiplex cinemas by producers, has been boosted by a successful weekend for the first in a string of planned big releases. Yash Raj Films said New York, its movie about a group
      -AFP  -  196 words
  • Page 12 Advertisements
    • 3613 12 CSC HOLDINGS LIMITED Company Registration No. *****7845E (Incorporated In The Republic of Singapore) NOTICE OF 12 th ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 12 th Annual General Meeting of CSC Holdings Limited ("the Company") will be held at 4 th Floor, No. 2 Tanjong Penjuru Crescent, Singapore
      3,613 words

  • ASIA-PACIFIC/WORLD
    • 515 13  -  ANTHONY ROWLEY But jobless rate jumps to a new 5 1/2-year high and housing starts fall 31% A MOOD of optimism gripped Tokyo financial markets yesterday as official data showed an unexpected rise in Japanese household spending in May and as hopes grew that
      515 words
    • 597 13 -AFP [MELBOURNE] Australian investors yesterday welcomed the end of a troubled 12 months and hoped for better times ahead as the domestic share market rounded off its worst performance in 27 years. The benchmark ASK/ S&P2OO plummeted more than 24 per cent
      -AFP; : Bloomberg  -  597 words
    • 362 13 -Reuters [SYDNEY] Australia has surprised the world and avoided recession, but some of the reasons for its remarkable achievement are far from flattering. In fact, Australia appears to have turned economic vices into virtues, providing a case study of how an economy can actually
      „ -Reuters  -  362 words
    • 258 13 Reuters [NEW YORK] Special-ty-food makers showcasing wares this week say anxious consumers are consoling themselves, and buoying the gourmet industry, by seeking solace in tasty treats from chocolate sushi to lavender-laced cheese. Fancy-food makers, more than 2,000 of which were exhibiting
      – Reuters  -  258 words
    • 285 13 Reuters [BANGKOK] Thailand's government has given the security forces the authority to declare a curfew and impose other measures they deem necessary to stop protesters disrupting a series of high-level regional meetings in July. Foreign ministers from Asia and elsewhere, including US
      Reuters; AP  -  285 words
    • 390 13 -IHT [TOKYO] In its first major industry bailout since the start of the global financial crisis, Japan said yesterday that it had put together a package of US$l.7 billion in public and private money to shore up a troubled chip maker,
      -IHT  -  390 words
    • 358 13 -Reuters Obama has until Sept to decide on recommendations [WASHINGTON] A majority of the US International Trade Commission on Monday recommended President Barack Obama impose additional duties for three years on imports of lowcost Chinese tyres that the panel says are
      -Reuters  -  358 words

  • WORLD
    • 484 14 Reuters Former bidder close to Opel deal; Qatar makes offer to key families of Porsche [BRUSSELS] Efforts to save two leading European carmakers took a twist yesterday that could change the ownership of both crisis-hit General Motors Corp's Opel and German sportscar
      – Reuters  -  484 words
    • 605 14 Bloomberg, Reuters [NEW YORK] American International Group Inc said the risk of losses on derivatives sold to European banks may last "longer than anticipated" if the contracts aren't terminated. "Given the size of the credit exposure, a decline in the fair
      ■ Bloomberg, Reuters  -  605 words
    • 424 14 Reuters [LONDON] The British economy contracted at a much sharper pace than initially thought and at its fastest rate in more than 50 years in the first three months of this year, official data showed yesterday. The Office for National Statistics (ONS)
      – Reuters; AFP  -  424 words
    • 643 14 Reuters Geithner urges Congress to give the SEC more powers [WASHINGTON] Corporate governance activists decried a merger of Watson Wyatt Worldwide Inc and Towers Perrin, saying conflicts of interests could arise if executive compensation consultants get hired by the same managers to advise them on
      – Reuters  -  643 words
    • 269 14 -AP [NEW YORK] A person familiar with the investigation into disgraced financier Bernard Madoff says 10 more people will be charged by the time the probe is complete. The person tells The Associated Press that the 10 others will face federal charges
      -AP  -  269 words
    • 271 14 MATURITY YEAR RAISED DATE COUPON RATE (%p.a.) AMOUNT ($m) INTEREST PAYMENT DATES OF DAYS OF ACCRUED INTEREST PRICES* (EXCLUDING ACCRUED INTEREST) I REDEMPTION YIELD (%p.a.) ISIN CODE H.10.2009 N*****0Z 2004 2 3/8 3900.00 1/4 1/10 90 100.50 0.40 SG********** H.04.2010 N*****0F
      271 words

  • Page 15 Advertisements
    • 356 15 of Participation in Nation Building A logo commemorating the 50th Anniversary of REDAS The REDAS curve reminiscent of a leaf, expresses a sweeping landscape. It is reflected as a watermark background for the This commemorative logo has been specially designed and crafted commemorative logo, to reinforce the Association and its
      356 words

  • Page 16 Advertisements
    • 1423 16 Commemorating The 50th Anniversary Of being listed on the SGXto-date. This has helped to attract REDAS members have also been extending their Th J? /F t t D I+> A 'ti df investment capital into Singapore and provided an entrepreneurial reach beyond our shores by exporting their me Keai Estate
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    • 425 16 REDAS'SOth Anniversary this year marks an -^/^l*^^Ss^V Ik its members. It has come a long way since -jflH^hlite. X its inception in 1959, evolving into a I developers and other real estate industry <^Jfe£ m^M^": I 111 iNf*► stakeholders. Over the years, members of z£ls!jWhm^^^Bkw^ Ix^-Jlt'/ s to Singapore's transformation
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  • Page 17 Advertisements
    • 74 17 Transforming Singapore into a Global <City Together Our Heartfelt Congratulations Hunter Douglas •'<"— Ss- |£f ©I KSFH J(JM£~ krislite dStt*H2T A^H?!i! HI Inippon paint Northo-ofT |>OCBCBank ihi,UM««tai c l ,ii.s w =u,,,,» e ™»c, s at a n C ~En,™m gc -»J B Changes for the Better a business built
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  • TransportHUB
    • 870 18  -  DAVID HUGHES STRAIT TALK Only government action can turn around worrying trends in casualty figures THE International Maritime Organization (IMO) has once again urged carriers not to compromise on ship safety as a way to deal with the current downturn. Addressing the
      870 words
    • 247 18 -AFP [RIYADH, Saudi Arabia] Arab states of the Gulf and Red Sea said on Monday that they are planning a joint anti-piracy force, insisting defence of the crucial Red Sea waterway was the "primary responsibility" of littoral states. Saying it was necessary to prevent the spread
      -AFP  -  247 words
    • TRANSPORT HUB: AVIATION
      • 596 19  -  YEN SREENIVASAN Things expected to get worse given US$2O hike in jet fuel price since May [SINGAPORE] Faced with falling revenue, a squeeze on yields and excess capacity, the 60-plus airlines that have reported their first-quarter financial results posted a combined loss of
        REUTERS  -  596 words
      • 272 19 Bernama [KUALA LUMPUR] Boeing has completed another milestone in the assembly of its first 747-8 Freighter by joining the wing to the fuselage. Workers attached the 40-foot fuselage section to the centre wing box in the final assembly bay at the factory in Everett,
        Bernama  -  272 words
      • 123 19 Bloomberg [WASHINGTON] Boeing Co won a contract valued at US$75O million to continue providing engineering services and maintenance to the US Air Force's fleet of B-525. Boeing will examine ways to upgrade old equipment by building prototypes as part of the 10-year contract, company spokesman Jarrod
        – Bloomberg  -  123 words
      • 148 19 -AFP [TOKYO] Japan Airlines has secured emergency loans of about US$l billion from a group of banks, including two state-backed lenders, to help it through the economic crisis, reports said yesterday. JAL will receive loans of 100 billion yen (Ssl.s billion), of
        -AFP  -  148 words
      • 497 19 -AP 153 people were on aboard; child rescued from water [MORONI, Comoros] A Yemenia jet with 153 people on board crashed into the Indian Ocean yesterday as it tried to land during strong winds on the island nation of Comoros. Officials said a
        -AP; AFP  -  497 words
      • 2568 19 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
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    • TRANSPORT HUB: MOTORING
      • 482 20  -  SAMUEL EE New showroom will be at Übi, where the dealer hopes to up sales 25% in 2010 CHEVROLET dealer Alpine Motors is investing $1.5 million in a new showroom in the Übi motor belt, hoping to increase sales 25 per cent next year.
        482 words
      • 630 20  -  SAMUEL EE Carmaker argues there's no reason for tax disadvantage WHEN it comes to environmental friendliness, diesel is not inferior to the pet-rol-electric hybrid, so there is no reason to have a tax disadvantage, says Audi Singapore. The German luxury brand
        630 words
  • Page 18 Advertisements
    • 293 18 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE CRITICAL BUNKER RECOVERY Following a review of bunker costs for the 2-month period ended 25 June 2009, please be advised that the Critical Bunker Recovery (CBR) effective 15 July 2009 and until further notice, will be as follows For List "A" Ports
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  • Page 19 Miscellaneous
    • 364 19 CRYPTIC CROSSWORD ACROSS 6 Evident in room Phyllis's sex appeal (5) 9 I j 9 Contract made in a card arranged? (9) 1 111 11 The most important person Ti f 112 not everyone found to be unpleasant (7) 12 Two sailors having year in his- 13~^ torical region long
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  • Page 20 Advertisements

  • EDITORIAL & OPINION
    • 476 21 WALL Street's biggest conman Bernard L Madoff was sentenced to 150 years in prison by a US district judge on Monday. Thousands of his victims may feel momentary solace, but they are unlikely to recover more than a fraction of their losses. Madoff pleaded guilty
      476 words
    • 951 21  -  HO YEW KEE, KULWANT SINGH BERNARD YEUNG They have to maintain academic rigour and focus on core responsibilities, competencies IN this fast-changing and competitive business world, business schools are striving to meet two challenges. They want to be closer to the realities of
      FILE PHOTO  -  951 words
    • 770 21  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE SINCE its earliest days, the United States has suffered periodic financial crises. The first dates to 1792. In the 19th century, bank panics occurred regularly. Then, of course, came the great stockmarket crash
      – The Washington Post Writers Group  -  770 words
    • 1151 22  - Going beyond 'sense and respond GERALD NGUI Avoid blind spots by turning your organisation into an intelligent enterprise, able to produce desired outcomes FOR motorists, blind spots can be a problem a dangerous one, too. Drivers constantly look over their shoulder for a quick traffic check before they swiftly change
      AFP  -  1,151 words
    • 640 22  -  DAVID PAULY Bloomberg IF THE US government is serious about fixing the banking system, it will hire people like Brooksley Born, and pay them heed. Ms Born, as head of the Commodity Futures Trading Commission (CFTC) in 1998, warned that financial derivatives
      – Bloomberg; REUTERS  -  640 words
    • 181 22 LETTER TO THE EDITOR I REFER to the report "Take two reveals a brighter property picture" (BT, June 29 2009). When a critical forecast from a respected bank foresees that Singapore "would see 15,000 homes could be vacated by 2010 on the back of
      181 words


  • SINGAPORE STOCKS
    • 8612 23 Transaction date: Jun 30 High Low Code Company Sale COOP) High Low Buyer Seller C'vr P/E $mil 9 3 3148 -Telecom 10 2.5 5834 A-Sonic 27.5 12 5000 ABR Hldgs 15 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 71 26.5 5550 ARA 8.5
      8,612 words
    • 1584 24 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E MCap Smil 19 5 1181 s AAGrp 28 12 8538 t APStrategic 4 0.5 1501 s Advanced System 8 2 3480 t Adventus 26.5 8.5
      1,584 words
    • 361 24 52-Wk Tel High Low Code Last Sale Vol COOP) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hi. 109 100 6389 ABFSG Bond ETF 107.1 905 427 CIMBAsean40 100US$ US648 +8 246 149 DBS STI ETF 100 234 +2 2786 1682
      361 words
    • 256 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
      256 words
    • 9323 24 UNIT TRUST FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.802/ AIGIF Spore Bond Fund/A 1.272/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.93/ APS Alpha Fund (USD)!** 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5108/ APS Komaba Global
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  • Page 23 Advertisements


  • FINANACE & COMMODITIES
    • 359 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun29 World Index Preliminan 702.7 0.7 3.7 0.6 6.3 0.7 5.4 EAFE Preliminai 668.7 0.7 3.0 0.5 7.1 0.6 6.2 Euro[ Preliminan 916.8 1.6 0.6 1.6 6.5 1.7 5.7 Pacific 582.7 -1.0
      359 words
    • 131 25 As at 9am Jun3o Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1650 1.2000 Can dollar 1.2480 1.2630 Euro 2.0350 2.0580 NZ dollar 0.9400 0.9600 iterlini 2.3940 2.4210 US dollar 1.4430 1.4590 Local dollars to 100 units of foreign currency: Currencies
      131 words
    • 171 25 Jun 30 fer Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/16 7/16 9/16 11/16 Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.35 0.42 0.75 0.85 1.15 1.70 1.80 Offer 0.25 0.32 0.45 0.55
      171 words
    • 15 25 Jun3o STI SIMSCI Jul 279.3 283.8 279.0 Taiwan Jul 227.9 232.5 230.4
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    • 22 25 Jun 30 SS Bid Offer 1-month 1.4465 1.4478 2-months 1.4465 1.4479 3-months 1.4464 1.4478 6-months 1.4465 1.4480 Source: OCBC
      22 words
    • 59 25 Jun 30 Delivery Month Opening Range Sett Av Price Price Hi Low Vol Open Done Position Jul 09 2300 2244 2304 2230 463 825 AugO9 2297 2225 2297 2214 2256 ***** SepO9 2288 2230 2294 2209 9971 ***** Oct09 2290 2229 2292 2214 1112 5325 Total o/p: *****
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    • 282 25 Jun 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.3300 99.0800 98.8300 98.4650 ***** 3253 2985 2395 EUROYEN TIBOR FUTURES SepO9 99.500 99.500 DecO9 99.505 99.505 Mar10 99.505 99.505 Jun10 Sep10 DedO Mar11 Jun11 99.500 99.500 99.505 99.500 99.505 99.495 99.475 99.420
      282 words
    • 186 25 Jun 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Jul 09 164.5 Aug 09 Sep 09 Oct09 162.0 NOV09 163.0 Dec 09 163.0 164.5 162.0 162.0 162.3 164.5 164.5 164.5 162.0 162.0 162.3 61 40 60 60 416
      186 words
    • 88 25 Jun 30 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****F 01.10.09 1-Year BY*****W 03.05.10 0.24 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****X
      88 words
    • 101 25 Jun29 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1215.00 1201.00 1225.25 1196.00 Aug 09 1122.00 1128.00 1137.25 1120.00 Sep 09 1036.00 1046.00 1052.75 1033.50 Nov09 983.50 991.00 997.75 980.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 35.78 36.08 36.38 35.73 Aug
      101 words
    • 76 25 CRUDE OIL PRODUCTS Jun29 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.50 1.62 WTI (Near Mth) 71.62 2.28 Dubai (1-Mth F) 68.79 -1.57 Tapis blend 73.05 -1.70 Minas 70.55 -1.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 65.67 75.55 -1.28 -2.15 US$/barrel Opec Oil Basket
      76 words
    • 462 25 Jun 30 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.937 5.546 0.576 6.292 38.916 82.773 0.776 10.411 2.853 1.244 66.109 39.073 1.175 6.303 0.877 26.638 27.625 0.487 0.812 Canada 1.068 5.921 0.614 6.717 41.545
      462 words
    • 79 25 Jun 30 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.*****
      79 words
    • 157 25 Jun 30 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1741 1.1755 0.8118 0.8120 Canadian dollar 1.2535 1.2547 0.8667 0.8668 Euro 2.0400 2.0424 1.4105 1.4109 NZ dollar 0.9431 0.9450 0.6521 0.6528 Sterlini ind 2.4124 2.4152 1.6680 1.6684
      157 words
    • 141 25 Jun 30 (US! f/oz) Jun30 Jun 29 Hong Kong London 940.70 938.30 941.70 939.30 Jun 29 Jun 26 937.40 940.20 938.40 941.20 Source: Thomson Reuters CAST BAR (S$) Jun 30 Buying Sellim Kilobar "47,082.14" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      141 words
    • 71 25 Jun 29 I. i\i\ in/ iiuiii, yy.i (US$/tonne) Close Previous Cash 1607.00 1611.75 3 months 1640.00 1644.00 Copper, Grade A (US$/tonne) Cash 3 months 5082.50 5099.00 5020.50 5035.00 Lead (US$/tonne) Cash 1684.25 3 months 1703.00 1698.25 1715.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 71 25 Jun 29 COCOA (Btonne) Close Prev Hii ih/Low JulO9 1591 1605 1635/1574 SepO9 1620 1631 1656/1603 Dec 09 1626 1637 1658/1611 Mar 10 1623 1636 1657/1608 COFFEE (US$/tonne) Close Pev High/Low JulO9 1294 1270 1300/1248 SepO9 1324 1294 1330/1275 Nov09 1346 1318 1347/1299 SUGAR (US tonne) White Close Prev
      71 words
    • 2404 25 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 unch 3409 2036AdvanceSCTLtdW*****9 0.5 9092 Asia Environment W*****4 0.5 3816 #Asiasons Capital W*****7 7 unch 15 8756 Asiatic Grp (H)W*****2 9.5 4105#AsiatravelW*****7 12
      2,404 words

  • Page 26 Advertisements
    • 3030 26 m The Business Times mmmm Shipping Times M HlfV KPI 3__HjS j-BHH r WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M U 2^___P^l W _Lsl_E JBBMf^^'^Mrlrr %Tx i_l lAf A 1.1 LI A I I I HFC "L:*****588 (14 LINES) FAX:*****163 __j^^^M I^M^J^^^^__^ HIMnM HwtSkSiSß V^l WAN HAI INt__l <°XL
      3,030 words

  • Page 27 Advertisements
    • 3314 27 FoVRKXSKII^B9iH^I I linn eastern car liner, ltd inn sm^//^ I It—— specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I BFiiTFwrmn^^M _ih 1 1 1 1 1 1 1 P^^^^^ PCL/PHL SERVICE AMX SERVICE C.nne<ting ECL Sv< via MALTA TauS'Sm^ VOY -gg!H£l!<lL- '«#■>. WUARA _|E_
      3,314 words

  • EXECUTIVE MONEY
    • 1355 28  -  NORMAN VILLAMIN These are the two new investment themes that investors may leverage to navigate the on-going global economic recovery IN OUR January, 2009 communique, "A Tale of Two Halves", we anticipated a challenging start to the year as markets fretted about policy makers' commitment
      REUTERS  -  1,355 words
    • 1051 29 Survey shows that retail clients are expected to opt for products that offer capital protection, tax efficiency and annuities, reports GENEVIEVE CUA CONFIDENCE in professional fund management was declining even before the credit crisis exploded, and asset managers are now bracing for a shift
      STOCK.XCHNG  -  1,051 words
  • Page 28 Advertisements
    • 358 28 Call 6-222 6868 to find out more ACCOUfltServe about the Account Serve advantage www.Accountserve.com.sg Routine Accounting SWAT Accounting GST Reporting XBRL Filing P JzlllißJH Commodity futures contracts are great for hedging, but margins may get high in a volatile market. With Saxo Capital Markets, you can now go long or
      358 words

  • Page 29 Advertisements
    • 427 29 Saw Centre pH|\| US NUS Financial Studies V^p Sl'por^ SCHOOLS /V^ NUSS Kent RidgegGuild House^ V\ A and 15 July 2009 i%l\ Saw Centre for Financial Studies and Department of Finance iNUS Business School This is an international conference that brings together high quality papers on corporate finance, asset pricing,
      427 words
  • Page 29 Miscellaneous