The Business Times, 2 July 2009

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Total Pages: 28
1 28 The Business Times
  • 19 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 Thursday, July 2,2009
    19 words
  • 659 1  -  SIOW LI SEN RBS says it's well advanced with the sale process; ANZ declines comment By [SINGAPORE] ANZ which appointed Lee Hsien Yang to its board this year is said to be closing in on its bid to buy over some
    YEN MENG JIIN  -  659 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.433 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 45 1 Inesi lay lange 1COMP 1,079.40 +4.16 IIKKEI225 9,939.93 -18.51 IANG SENG Closed ;et index Closed JAKARTA COM P 2,059.88 +33.1 IANILACOMP 2,432.89 -5.10 ;eoulcomp 1,411.66 +21.59 ;henzhen b 504.00 +7.79 IUMBAI IND 14,645.47 +151.63 12 noon EDT Cham )OW 8,550.69 +103.69 IASDAQ 1,858.83 +23.79
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    • 43 1 IS$ (S$ per US$) 1.447 (US$/S$ ier£) 1.645 2.380 ;URO (US$/S$/E) 1.408 2.038 Foreii in curreno ier US$ S$ 'EN 96.80 66.90 3.519 2.431 m 7.750 5.355 !AHT 34.05 23.52 lUPIAH 10,215 7,058 lENMINBI 6.834 4.721 INDIAN RUPEE 47.98 33.15 1.239 0.856
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  • 861 1  -  UMA SHANKARI URA flash estimates show 5.9% fall but many expect final showing to be better By [SINGAPORE] Singapore's private home prices fell for a fourth straight quarter in Q2 2009 but the marked slowdown in the rate of decline shows
    : URA, HDB  -  861 words
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  • Page 1 Miscellaneous
    • 38 1 SINGAPORE PROPERTY §f f^M BizlT AVIATION §> INTERNATIONAL S'porelBthin HMpPPti! Freshboostto A battle to retain Helping aerospace global retail rents mobile services air hub status toJ^fi spread wings page 10 page 28 page 25 page 2 j if" Tm
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  • TOP STORIES
    • 498 2  -  S JAYASANKARAN Bumper H1 for XL's investment arm and it even turned in a profit last year By in Kuala Lumpur REFLECTING the rise in global equity markets, Kuala Lumpur's investment arm Khazanah Nasional's portfolio rose by 34 per cent to RM44
      498 words
    • 573 2 ■NYT But they face uphill battle as lawmakers voice strong support [WASHINGTON] Banks and mortgage lenders are placing top priority on killing President Barack Obama's proposal to create a new consumer protection agency that would regulate home loans, credit card fees,
      ■NYT  -  573 words
    • 698 2  -  YEN SREENIVASAN Past achievements don't guarantee future success By [SINGAPORE] The restructured Civil Aviation Authority of Singapore (CAAS) and the newly corporatised Changi Airport Group will have to work together to ensure that Singapore retains its stature as a premier aviation
      LIANHE ZAOBAO  -  698 words
    • THREE-MINUTE DIGEST
      • 65 2 SINGAPORE'S private home prices fell for a fourth straight quarter in Q2 2009 but the marked slowdown in the rate of decline shows that the residential market here is recovering, analysts said. The private residential price index fell 5.9 per cent
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      • 48 2 ANZ which appointed Lee Hsien Yang to its board this year is said to be closing in on its bid to buy over some of the Asian operations of Royal Bank of Scotland, including those in Singapore. FRONT PAGE
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      • 67 2 REFLECTING the rise in global equity markets, Kuala Lumpur's investment arm Khazanah Nasional's portfolio rose by 34 per cent to RM44 billion in the first half of 2009. Disclosing this yesterday, Khazanah head Azman Mokhtar said the total realisable asset value of
        67 words
      • 59 2 RICH investors burnt by the financial crisis are locking up their money for as long as five years with simple structured products which pay relatively low returns. According to HSBC, high net worth individuals account for more than 40 per cent of the sales
        59 words
      • 73 2 AS rights issues reached a record high in the cash-strapped Asian region during the first half of 2009, Singapore companies took the lion's share of the rights issue pie with 64.8 per cent of the US$9.B billion raised, according to
        73 words
      • 53 2 BANYAN Tree Holdings has completed the final round of raising money for its first real estate development fund Banyan Tree Indochina Hospitality Fund with total capital commitments to the fund now standing at US$2B3 million, US$l7 million shy of its US$3OO miUion target. COMPANY
        53 words
      • 53 2 BILLIONAIRE investor George Soros on Tuesday predicted a "stop-go" economy for the United States, saying fears of inflation will drive up interest rates and choke off growth. Mr Soros said that borrowing costs are the major headwinds for the economy. ECONOMY
        53 words
      • 75 2 THE latest financial statements from Britain's royal family suggest that the next British institution needing a taxpayer bailout could well be the monarch herself. Annual accounts analysed by Britain's press on Tuesday show that Queen Elizabeth II took £6 million (5514.4 million)
        75 words
      • 48 2 SINGAPORE moved up a notch to 18th position in a ranking of the world's most expensive retail locations at end-Ql 2009, from 19th position at end-2008, according to CB Richard Ellis's latest Global Retail Market View. PROPERTY, PAGE 28
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    • 512 4  -  BRANDON CHEW Though returns are low, they're looking for products with guaranteed capital and yield: bankers By [SINGAPORE] Rich investors burnt by the financial crisis are locking up their money for as long as five years with simple structured products which pay relatively low
      512 words
    • 582 4  -  SIOW LI SEN But some banks have openings only for less than 10% of applications By [SINGAPORE] Thousands of fresh graduates continue to make a beeline for jobs in the financial industry, unfazed it seems by its less than sterling reputation
      582 words
    • 727 4  -  ANTHONY ROWLEY Survey of business sentiment gloomier than expected By in Tokyo CONFLICTING data continued to cloud the outlook for Japan's economy yesterday when the Bank of Japan produced a gloomier than expected assessment of business sentiment in June. This came
      AP  -  727 words
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    • 111 2 Blomberq seit 1883 \iy II r I '^^'SZ, A A century-old achievement from Germany remains unchanged. Excellence. Blomberg free standing and built-in appliances have got everyone talking and impressed. And if awards are anything to go by, we speak volume. From the "A" energy performance label for energy efficiency, the
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  • Page 4 Advertisements
    • 2806 4 Company RegistaSon No. *****4719G [jn Yellow Pages (SsJ Singapore (Incorporated in Die Republic of Singapore) NOTICE IS HEREBY GIVEN THAT THE 6™ ANNUAL GENERAL MEETING of the Company will be held at Upper Club, 30 Victoria Street, #02-01 A, CHUMES, Singapore *****6 on Friday, 24 July 2009 at 9.30 a.m.
      2,806 words


  • COMPANY NEWS
    • 402 6  -  JOYCE HOOI DBS and Capita Land account for over a third of the USs9.Bb raised in H1 By AS rights issues reached a record high in the cashstrapped Asian region during the first half of 2009, Singapore companies took the
      402 words
    • 383 6  -  VINCENT WEE By PIPING and heat exchanger specialist Heatec Jietong Holdings has launched its initial public offering (IPO) for a listing on Catalist, in a bid to raise about $3.7 million to help fund its expansion. It is offering 18.5 million new
      383 words
    • 563 6  -  LYNETTE KHOO By WESTECH Electronics has proposed to acquire Plexus Components Pte Ltd for $10 million in a reverse takeover deal even as its board has been hollowed out with the recent departures of independent directors (IDs). The group said yesterday it has entered into
      563 words
    • 421 6  -  GENEVIEVE CUA By SINGAPORE investors saw opportunities earlier this year when markets were on the floor, but felt that the risk of further price falls was too high. A survey suggests the wealthy here and elsewhere missed out on the sharp rally
      FILE PHOTO  -  421 words
    • 648 6  -  VINCENT WEE SEMBCORP has slowly and steadily been transforming itself into a serious utilities player over the past couple of years. More evidence of this was seen at the conclusion of last week's Singapore International Water Week as the conglomerate inked several
      648 words
    • 325 6 Integrated development will be completed in 2014 SINO-SINGAPORE Tianjin Eco-City Investment and Development Co Ltd (SSTEC) and Shimao Property Holdings Ltd (Shimao), one of China's largest foreign-funded developers, will collaborate on the largest integrated development in the Tianjin Eco-City to date, Keppel Corp
      325 words
    • 370 7  -  NISHA RAMCHANDANI Real estate fund to proceed with first phase of Viet integrated resort By BANYAN Tree Holdings has completed the final round of raising money for its first real estate development fund, with total capital commitment to the fund standing at US$2B3 million,
      370 words
    • 431 7  -  JOANNE TANG By MIDAS Holdings has clinched its first two downstream fabrication contracts worth 73.8 million yuan (5515.6 million), as part of its bid to become a one-stop service supplier to China's transportation industry. The latest contracts brought to 918.8 million yuan the orders
      431 words
    • 208 7 KEPPEL Seghers Belgium NY, a wholly owned subsidiary of Keppel Integrated Engineering (KIE), has secured an 11 million euro (5522.3 million) contract to provide technology to a waste-to-energy plant (WTE) in Hangu, Tianjin Province, China. The contract was awarded by Tianjin Binhai Environmental
      208 words
    • COMPANY BRIEFS
    • 114 7 Reuters AUSTRALAND, a unit of Singapore's Capita Land, said yesterday that its As9so million (Ssl.l billion) loan facilities were extended by one year to June 2011 afteraAss63 million loan repayment. "We are pleased with the support that all of the lenders in the
      Reuters  -  114 words
    • 352 7  -  CHEW XIANG It proposes rights issue of 1.86 billion shares to raise at least $9 million By CENTILLION Environment and Recycling called a trading halt yesterday to negotiate with two US parties to settle at least part of its debts to them
      FILE PHOTO  -  352 words
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    • 1071 6 A WATS IN THE MATTER OF [J™ °f. THE COMPANIES ACT, (CHAPTER 50) THE COMPANIES^ACT, CAP. 50 AND IN THE MATTER OF IN THE MATTER OF LONDON DIVERSIFIED FUND CIBASPECALTYCHEM.CALSIRC-SG) T^^^^k^" PTE LTD (In Member's Voluntary Liquidation] (Incorporated in the Republic of Singapore) NOTICE OF RESOLUTIONS (Co. Reg. No. *****1177
      1,071 words

  • Page 7 Advertisements
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    • 276 7 Y^i HEATEC JIETONG HOLDINGS LTD. V^_^^\ Heat Transfer Piping System Specialist HEATEC JIETONC HOLDINGS LTD. (Company Registration No. *****7808Z) (Incorporated in the Republic of Singapore on 26 September 2007) Heatec Jietong Holdings Ltd. is engaged in the provision of Piping services and Heat Exchanger servicing and fabrication. The Group provides
      276 words

  • SINGAPORE MARKETS
    • 620 8  -  R SIVANITHY STOCKS But the Hang Seng's closure for a public holiday meant low volume, and volatility was prevalent IN response to Wall Street's overnight fall, the Straits Times Index yesterday first dropped around 15 points. However, market behaviour is rarely about what happened
      Bloomberg  -  620 words
    • 93 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 5 2 0 0 0 8 5 2 lanufacturing 61 42 57 15 65 47 72 Commerce 19 12 18 23 15 23 'pt/Stor/Comms 22 22 :inance 18 18 Construction 10 11 'roperties 24 24
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    • 114 8 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 9,196 9,196 28,622 28,622 Manufacturing 122,938 19,906 142,844 100,979 920 101,898 Commerce 41,038 3,538 44,576 45,796 1,583 47,379 Tpt/Stor/Comms 100,612 69 100,681 105,708 14 105,722 Finance 16,422 16,422 112,179 112,179 Construction 20,234 3,486 23,720 4,685 44 4,728 Pro| )erties
      114 words
    • 108 8 Stock name Close Cham Capita Land 3.750 +0.040 CapitaMall 1.440 +0.040 CityDev 8.710 +0.130 ComfortDelGrc 1.290 +0.010 Cosco Corp 1.280 +0.030 DBS Grp 11.980 +0.180 F&N 3.910 +0.030 Genting SP 0.700 +0.020 Golden Agri 0.385 +0.005 HK Land 3.520 -0.020 JMH 28.000 +0.580 JSH 14.900 +0.160
      108 words
    • Article, Illustration
      905 8  -  JOYCE HOOI Midas Holdings July 1 close: $0.81 DBS GROUP RESEARCH, July 1 MIDAS announced that it has won two downstream fabrication contracts worth 73.8 million yuan (5515.6 million) 23 million yuan for extrusion profiles and 50.8 million yuan for processing fees to supply specialised fabricated aluminium extrusion
      Bloomberg  -  905 words
    • 470 8 Reuters CURRENCIES [TOKYO] The US doUar steadied yesterday, holding gains made the previous day after an unexpected fall in US consumer morale cooled optimism about an economic recovery, prompting investors to seek the safety of the greenback. The Bank of Japan's June tankan
      – Reuters; AFP  -  470 words
    • 4 8 DAILY
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    • 64 8 Jul 1 VALUE CLOSE BT OB/OS -72.00 +23.00 BT CADI -*****.00 +79.00 BT 10-day MA -*****.00 -7.00 FTSE ST Mid Cap 528.33 +10.30 FTSE ST Small Cap 423.02 +3.93 FTSE ST All Share 572.85 +5.75 FTSE ST China Top 240.56 +5.86 FTSE ST China 236.29 +5.51 FTSE
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    • 48 8 VOLUME FrasersComm 46,973,000 Infinio 36,356,000 NOLR 33,946,000 ChinaSports 24,913,000 ChinaNTown 24,504,000 RafflesEdu 20,407,000 NOL 18,576,000 Gentinq SP 17,955,000 StraitsAsia 17,705,000 AusGroup 16,059,000 VALUE(S) DBS Grp 45,684,620 CapitaLand 42,157,780 StraitsAsia 31,533,610 NOL 27,623,600 Wilmar 24,972,720 SingTel 24,586,380 SGX 22,801,470 UOB 22,595,280 CityDev 21,993,330 Yanlord 20,346,040 Clot
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    • 103 8 CLOSE UP IMH 2800 83.9 2.1 iBS Bk6% NCPS 10 ***** 50.0 0. ISH Ltd 73.5 33.5 83.: ICBCCai 5.1%NCPS 100 9444 32.0 0. lardine C&C 1950 30.0 "otal Access 110 28.2 21. iBXT S&P Short 10US$ 6790 26.0 0. ;txpo ioo 1334 26.0 2: ISH 1490 23.2 1.1
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    • 118 8 CLOSE DOWN 9188-321.1 -2.4 DBXT Ni 10US! DBXT FTVietnam 10US! 4270-245.9 -3.8 LD 10US 9145-151.9 -1.1 MS India 10US! 1209 -37.6 -2.1 >han< iLa Asia 1060 -26.1 -11.7 :iTYDEV.ES.O9O7 865 -23.0 -2.6 >re Land 522 -13.0 -2.4 H Ro' 244 -9.0 -3.6 Cmdt 10US$ 245 -5.8 -1.6 ;TI2800SGAePW*****9 69
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    • 83 8 JuM CLOSE CHNG FRJUI130 YR2009 S$ LOW S$ HIGH USS 1.4476 -0.01 1.5579 1.4308 Euro 2.0370 0.10 2.0732 1.9150 Pounds 2.3783 1.13 2.4051 2.0356 AS 1.1678 0.61 1.1816 0.9453 Yen* 1.4951 1.37 1.7278 1.4831 Rupiah* 0.***** -0.21 0.***** 0.***** Baht* 4.2519 0.00 4.3390 4.1040 Peso* 3.0120
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  • SINGAPORE NEWS
    • 394 9  -  NISHA RAMCHANDANI Event will also feature conferences on sustainability and philanthropy By COINCIDING with the Singapore Formula One Grand Prix, the inaugural luxury exhibition Celton Living In Style International 2009 (Sept 22-27) aims to add to the buzz surrounding the race
      394 words
    • 238 9 SINGAPOREANS are setting aside more money in these uncertain times, according to a MasterCard Worldwide survey. 401 people here were surveyed, and 88 per cent intend to save as much or more than they have in the past six months. Singapore and Vietnam
      238 words
    • 299 9 THE Housing and Development Board (HDB) held its inaugural retail seminar yesterday to help heartland retailers remain competitive and relevant. Through networking and input from successful entrepreneurs, HDB hopes to create awareness of opportunities available to heartland retailers and inspire
      NEOH KEE LENG/UANHE ZAOBAO  -  299 words
    • 163 9 SUNTEC Singapore International Convention and Exhibition Centre plans to go greener by recycling its used cooking oil into bio-diesel. It has tied up with locally based Alpha Biofuels for the project, which aims to recycle about 8,000 litres of cooking oil annually. The oil comes
      163 words
    • 331 9  -  ZHANG Yl TING Seminar to prepare officers for gaming industry held By THE success of the upcoming casinos at the integrated resorts hinges on whether they can be kept free of criminal influence, says Law Minister X Shanmugam, who is also second Minister
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  331 words
    • 175 9 THE Life Insurance Association (LIA) of Singapore yesterday named Pauline Lim as its new executive director. Her new role will entail responsibility for providing direction on matters impacting the future of the industry. "Having been so much a part of LIA, I am delighted that
      175 words
    • SINGAPORE ROUNDUP
      • 43 9 THE National Heritage Board yesterday appointed Tan Boon Hui director of the Singapore Art Museum. Mr Tan takes over from current director Kwok Kian Chow, who is also director of the National Art Gallery Singapore, on Aug 1.
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      • 58 9 CORE Development reaffirmed yesterday a June 30 deadline for tenants who signed rental agreements with Ideal to vacate The Grangeford. Core also said that it was looking at extension requests on a case by case basis. Former Ideal tenants who expressed interest in leasing from
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      • 77 9 THE Land Transport Authority has awarded another contract for the construction of stations for Downtown Line 2 (DTL2). The $378 million contract has gone to Sembawang Engineers and Constructors, a unit of Indian conglomerate the Punj Lloyd Group. The deal covers the design and building of
        77 words
  • Page 9 Advertisements
    • 1223 9 A MAIS [m bukit sembawang estates limited Co Reg No. *****0177 M (Incorporated in the Republic of Singapore] NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 43 rd Annual General Meeting of the Company will be held at 65 Chulia Street, #50-00 OCBC Centre, Singapore *****3, on
      1,223 words

  • SINGAPORE INTERNATIONAL
    • 1123 10 Aerospace is a promising area for Singapore's electronic and precision engineering companies, reports CHUANG PECK MING LIFE has been tough for Singapore's electronic and precision engineering companies so tough that many have thrown in the towel. The electronics sector their bread and butter has
      1,123 words
    • 269 10  -  CHUANG PECK MING Reports by BY banding small and medium-sized enterprises (SMEs) together for the recent Paris Air Show, International Enterprise (IE) Singapore was able to showcase the Republic as a one-stop manufacturing supply chain for the aerospace industry. And it was
      269 words
    • 386 10 THERE was no way that Onn Wall Precision Engineering would have missed last month's Paris Air Show, says general manager Francois Beaufrere. "Having attended the show once in the past, and having friends in the industry, I knew from the start that existing and
      386 words
    • 207 10 LAST year's Paris Air Show yielded some deals for Singapore-based Nestronics last year. So the integrated electronics contract manufacturer signed up for the show again this year, as well as the Global Asia Trade Exchange (GATE 2009). It's not that Nestronics
      207 words
  • Page 10 Advertisements
    • 205 10 Seminar Series: Doing Business In India Significant economic reforms have transformed India into one of the fastest-growing economies in the world. As the world's fourth largest economy in terms of purchasing power, India is still projected to grow by 5 to 6% despite the current financial situation. A Date: 14
      205 words

  • ECONOMY WATCH
    • 313 11 Bloomberg [BEIJING] China's manufacturing expanded for a fourth month as government stimulus spending and record bank lending sparked a recovery in the world's third-biggest economy. The Purchasing Managers' Index (PMI) rose to a seasonally adjusted 53.2 in June from 53.1
      Bloomberg  -  313 words
    • 477 11 Reuters He predicts 'stop-go' US economy, that borrowing costs are major headwinds [NEW YORK] Billionaire investor George Soros on Tuesday predicted a "stop-go" economy for the United States, saying fears of inflation will drive up interest rates and choke off growth.
      – Reuters; REUTERS  -  477 words
    • 532 11 Reuters [SEOUL] South Korean exports and housing prices extended their recovery in June, offering fresh evidence that Asia's fourthlargest economy is fast pulling out of a slump on the back of worldwide stimulus spending. Stocks and the won gained on economic
      Reuters  -  532 words
    • 891 11 -Reuters [NEW YORK] When Jeff Yeager's book The Ultimate Cheapskate came out 18 months ago, he felt like a voice crying in the wilderness telling people to ditch their cellphones, hoard their pennies and pay off the mortgage. Now the
      -Reuters  -  891 words
    • 335 11 AFP [PARIS] The French government's budget deficit could fall in 2010 with a return of modest growth following a spike this year due to the global financial crisis, Budget Minister Eric Woerth said. "The state's receipts will recover a little with the
      AFP  -  335 words
  • Page 11 Advertisements
    • 1315 11 A MAT 3 VM(B^ PT Berlian Laju Tanker Tbk £g| \Bg^^ (The "Company") EQ»^l V Domiciled in Jakarta, Indonesia SSvJ ANNOUNCEMENT OF THE RESOLUTION OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS We hereby announce that the Extraordinary General Meeting of Shareholders of the Company which was held on 30 June
      1,315 words

  • MALAYSIA
    • 568 12  -  PAULINE NG In his assessment, Singapore is the toughest competitor around By in Kuala Lumpur HIGH-WAGE jobs and quality investments are needed if Penang is to successfully transform from an electrical and electronics hub into a leading services player, its chief
      568 words
    • 459 12 Reuters [KUALA LUMPUR] Malaysia's No 2 lender CIMB Bank may have been too conservative when it set a return on equity (ROE) target of 12.5 per cent for 2009 and looks set to revise it when it publishes its first-half results. "We may have
      Reuters; BLOOMBERG  -  459 words
  • Page 12 Advertisements
    • 2364 12 B THE HOURGLASS THE HOURGLASS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****1972 D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 30th Annual General Meeting of the Company will be held at Singapore Marriott Hotel, Legacy Suite, Level 2, 320 Orchard Road, Singapore
      2,364 words
    • 140 12 Pulses FST up CLOSE fc PERSONAL i-f but t*«*us Mi Kcm Mad: [i r? i i up', j r«j"ij.li -'i3r7 f *T1 jf SINGAPOREriTILL V 5J RELEVANT IN Lj#C 10-20 YEARS? niuarsl-oitß-: Z^U'i i|;a tiggir A 4^^feL S»Mi»tiitftiiiißCiifi*'r ,aais Is Singapore relevant in the next two decades? Get the answer
      140 words
    • 36 12 tahlat THE HEARTBEAT OF THE INDIAN COMMUNITY TAXING TIMES Do NRIs have to pay taxes in India? What are the tax implications for Singaporeans who own property in India? Who v is this i^ff 'sardar'? Jyf
      36 words

  • INDIA
    • 274 13 Bloomberg Imports slide 39.2%, taking May trade deficit to US$5.2 billion [NEW DELHI] India's exports declined for an eighth straight month in May as recessions in the US and Europe dampened demand for the nation's products. Merchandise shipments dropped 29.2 per cent from a
      Bloomberg  -  274 words
    • 214 13 Reuters [NEW DELHI] India will not sign up to targets to reduce its greenhouse gas emissions but will instead focus on fighting poverty and boosting economic growth, the environment minister said on Tuesday. India is one of the world's biggest emitters alongside China,
      Reuters  -  214 words
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    • 4403 13 w WATS J_^l \^>/ A. J_^^ 3~i k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg >■ 16 Thal lhe P'oposed grant to Yap Beng Geok Dorothy, an Associate of a Controlling Shareholder (as delined in the SGX-ST Listing Manual Section B: M— rWJm W Rules ol Catalisl), of an award of
      4,403 words

  • GREATER CHINA/INDIA
    • 536 14 Reuters Beijing says the launch will be postponed indefinitely [BEIJING] Chinese Web users flooded to a trendy art zone cafe yesterday to celebrate a last-minute halt to a rollout of govern-ment-sponsored filtering software, and make a stand for freedom of expression in the Communist-run
      – Reuters  -  536 words
    • 524 14 Xinhua But analysts see limited impact on economic recovery [BEIJING] China's latest fuel price hike from Tuesday would certainly pinch the pockets of consumers, but may not leave a lasting impact on the nation's economic recovery, analysts said. Petrol, diesel and jet fuel
      Xinhua; AP  -  524 words
    • 322 14 -NYT Indian IT firm to manage computer networks but may hire staff in US [NEW DELHI] Even Snapple, an American iced tea maker with a homespun image, is outsourcing work to an Indian company. But in a twist, the deal may increase jobs
      -NYT  -  322 words
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  • ASIA-PACIFIC/WORLD
    • 917 15  -  ANDREW MARKS Wall Street fears US consumers are saving too much as second half gets underway By in New York US stocks began the third quarter on a positive note yesterday morning in New York, with the Dow Jones Industrials rising a solid 71
      AFP  -  917 words
    • 468 15 AP LATEST US DATA [NEW YORK] Manufacturing in the United States shrank in June at the slowest pace in 10 months, another sign the worst of the recession may be over. The Institute for Supply Management's factory index rose to 44.8, the highest
      AP  -  468 words
    • 452 15 -NYT [PARIS] Free music and movies, mostly pirated, abound on the Internet. But Hans Pandeya thinks he has an even better offer than free. He wants to pay Web users to share songs or films with the full approval of the copyright owners. Mr
      -NYT  -  452 words
    • 538 15 -AP [NEW YORK] It's one of the biggest mysteries in the Michael Jackson saga: How much was the lavish-spen-ding, massively debt-rid-den pop icon really worth? In the most detailed account yet of the singer's tangled financial empire, documents obtained
      -AP  -  538 words
    • 450 15 Reuters [SAN FRANCISCO] For Facebook's employees and early investors, the big payday is coming. But it will not follow the standard Silicon Valley script. Instead of cashing out via the hoopla of an initial public offering which CEO Mark Zuckerberg has said was
      Reuters  -  450 words
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  • WORLD
    • 511 16 Bloomberg Swiss banking secrecy law doesn't shield US taxpayers, it says in court filing [WASHINGTON] The Obama administration escalated its attack on Swiss bank secrecy and tax evaders by insisting ÜBS AG reveal the identities of 52,000 US account holders. In papers filed
      Bloomberg; AFP  -  511 words
    • 217 16 Bloomberg [NEW YORK] American International Group Inc, the insurer bailed out by the US, has an "excellent chance" of repaying the government, chief executive officer Edward Liddy said on Tuesday at the company's annual meeting. AIG said last week it would reduce
      Bloomberg  -  217 words
    • 543 16 AP £6m taken from reserves last year to balance books [LONDON] The latest financial statements from Britain's royal family suggest that the next British institution needing a taxpayer bailout could well be the monarch herself. Annual accounts analysed by Britain's press on
      AP; REUTERS  -  543 words
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  • AVIATION/SHIPPING
    • 399 17  -  YEN SREENIVASAN This is its 17th destination from Singapore and its 4th in Malaysia By [SINGAPORE] Jetstar Asia launched a daily direct service to Penang yesterday its 17th destination from Singapore and its fourth in Malaysia. The A 320 service grows Jetstar's weekly
      399 words
    • 2650 17 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI India (AC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl R.,» les Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways
      2,650 words
    • 336 17  -  VINCENT WEE By [SINGAPORE] There were 10 piracy incidents in the region in May, up from seven in the same month last year, the ReCAAP Information Sharing Centre said yesterday in its monthly report for May. The number of incidents has been rising since
      336 words
    • 529 17 Reuters ANALYSIS [CHICAGO] Planemaker Boeing Co, red-faced after delaying the test flight of its revolutionary Dreamliner 787, may inadvertently have staved off some order deferrals or cancellations by global airlines with sagging traffic. Since the company announced the latest delay last week, its customers
      Reuters; AP  -  529 words
    • 250 17 -AP [BRUSSELS] The Airbus 310 that crashed on Tuesday was 19 years old, yet experts say older planes can keep going strong for years as long as companies are willing to invest what it takes to keep them sky-worthy. "Aircraft are usually retired
      -AP  -  250 words
    • TRANSPORT STOCKS
      • 105 17 '000 CH Offshore 0.49 Chuan Hup Hldgs 0.26 Cosco Corp 1.28 CWTLtd unch Ezra Hldgs 1.18 First Ship Lease 0.62 Freight Links 0.05 Grand Banks 0.43 laya Hold Ltd 0.36 KWentures 0.15 Keppel Corp 6.97 MTQCorp 0.70 NOL 1.49 Pacific Shipping 0.24 Pan-United Corp 0.51 Rickmers Mari 0.53 Samudera
        105 words
      • 31 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.95 8.60 8.55 3.10 2.76 0.03 unch 0.05 -0.05 0.04 unch -0.01 155 252 363 97 1 20
        31 words
      • 12 17 ■oo 'recious Ship Regional Cont ..16.60 lunch 0.50 -0.10 4741 6591
        12 words
      • 11 17 '000 Doil iingamas Cont .33.10 ...0.88 1.10 3151 -0.03 *****
        11 words
      • 18 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop unch 15.50 unch unch unch unch unch unch
        18 words
      • 23 17 Evergreen Marine ....16.50 :irst Steamship 46.10 /Van Hai Lines 15.50 t'ang Ming Marine ..11.95 0.15 0.80 0.20 0.20 4 3 2 11
        23 words
      • 38 17 '000 :awasaki Hvy Ind ..270.00 4.00 ***** :awasaki Kisen 391.00 -7.00 883' Mitsubishi Hvy 398.00 -2.00 ***** Mitsui Eng&Sbldg ..228.00 1.00 4601 Mitsui OsR Lines ....617.00 -10.00 1195; Jippon Express 432.00 -7.00 275! JipponYusen 413.00 -4.00 5721
        38 words
  • Page 17 Miscellaneous
    • 219 17 CRYPTIC CROSSWORD ACROSS 1 Hard and fast about Indian (6) (3) 27 Nude startling an unfortunate governess (6) 9 Earning a lot of money ship- 23 She cried, 'New one on or--28 One with foresight, Edward, building? (6,1,6) der!'(s) to become very angry (3,3) 14 Island without a young animal
      219 words

  • EDITORIAL & OPINION
    • 490 18 WHILE some may consider it a $1 billion bailout, the Singapore government's takeover of both ownership and development of the liquefied natural gas (LNG) terminal here is clearly a calculated and critical move to ensure the country's long-term energy security. In short, it could not
      490 words
    • 1030 18  -  ANTHONY ROWLEY They may bring a breath of fresh air that will blow to other parts of Asia and beyond THE world does not seem to be taking much notice of Japan's upcoming general election probably because it is too obsessed with
      AFP  -  1,030 words
    • 773 18  -  FRANK CHING THE BOTTOM LINE CHINA, along with other emerging economies, is trying to shape a new world order or, at least, a new financial world order. Last month, it joined together with three other major emerging economies (Brazil, Russia and India)
      773 words
    • 1466 19  -  MAX YUEN TEEN While M'sia has a longer journey but greater momentum, Spore has a shorter journey and greater inertia By IN 2001, Malaysia introduced a mandatory accreditation programme (MAP) under the then Kuala Lumpur Stock Exchange (now Bursa Malaysia) listing rules. The MAP is a 1
      AFP; CGFRC  -  1,466 words
    • 1010 19  -  > SUNANDA CREAGH Reuters By A QUIET revolution is under way in Solo, Central Java, and in other parts of Indonesia where local leaders are learning that one way to get re-elected is to take voters and their needs seriously. Joko Widodo, a former
      Reuters; REUTERS  -  1,010 words


  • SINGAPORE STOCKS
    • 8469 20 Transaction date: Jul 1 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil >ari] 9 3 3148 8Telecom 9 2.5 5834 A-Sonic 26.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8 1 1100 AEM 23 7 2101 APOil 70 26.5
      8,469 words
    • 1571 21 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 s AAGrp 27.5 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 26.5 8.5 3518 s Afor 12.5 2 1524 t Alantac 19.5 3.5 7814
      1,571 words
    • 366 21 52-Wk Tel h Low Code Last Sale Vol COOP) Day ih Low Last Quote Buyer Seller Div GrYld Cvr Net P/E MCap Smil Hii Comi Hii 109 100 6389 ABFSG Bond ETF 107.1 877 427 CIMBAsean40 1OOUS$ US653 +5 246 149 DBS STI ETF 100 235 +1 2786
      366 words
    • 258 21 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
      258 words
    • 9408 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.791/ AIGIF Spore Bond Fund/A 1.272/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.92/ APS Alpha Fund (USD)!** 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.514/ APS Komaba Global
      9,408 words
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  • FINANCE & COMMODITIES
    • 378 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 30 World Index Preliminan 697.8 -0.8 2.9 -1.3 5.0 -0.9 4.5 t EAFE Prel liminai 667.7 -0.2 2.9 -0.9 6.1 -0.5 5.6 Euro[ Preliminan
      378 words
    • 122 22 As at 9am Jul 1 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1580 1.1930 .an dollar 1.2390 1.2540 luro 2.0210 2.0450 IZ dollar 0.9280 0.9490 iterlini ind 2.3710 2.4000 JS dollar 1.4400 1.4570 .ocal dollars to 100 units if foreign
      122 words
    • 158 22 Jul 1 )vernight 1/16 I-month 7/16 'months 9/16 3-months 11/16 Overnight mode: 0.10 JS$ Offer PAR 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.42 0.70 0.80 1.15 1.70 1.80 Offer 0.25 0.32 0 40 0.50 0.85 1.40
      158 words
    • 11 22 Jul 1 STI IIMSCI Jul 279.0 282.3 282.1
      11 words
    • 20 22 Jul 1 Bid Offer -month 1.4467 1.4483 1.4467 1.4483 {-months 1.4467 1.4483 >-months 1.4467 1.4485 Source: OCBC
      20 words
    • 59 22 Jul 1 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position lul 09 2250 2279 2280 2250 46 Hug 09 2240 2260 2273 2220 2736 >epO9 2250 2259 2275 2220 8243 3d 09 2232 2258 2275 2224 1459 Total o/p: ***** contracts Turnover:
      59 words
    • 291 22 Jul 1 URODOLLAR FUTURES >epO9 DecO9 VlariO lun10 99.3550 99.1300 98.8550 98.4850 ***** 3545 2942 2395 EUROYEN TIBOR FUTURES >epO9 99.500 99.500 DecO9 99.510 99.510 VlariO 99.495 99.495 un10 99.465 99.465 >ep10 DedO Vlar11 un11 99.500 99.510 99.495 99.465 99.500 99.505 99.495 99.475 99.420 99.375 99.290 99.230
      291 words
    • 180 22 Jul 1 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) 0/1 lots) <\ug 09 >ep 09 3d 09 Mov09 160.0 Dec 09 Ian 10 160.0 163.0 162.7 161.0 160.0 160.0 161.0 20 564 704 1013 928 1284 374 FSR 20 (US
      180 words
    • 88 22 Jul 1 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****F 01.10.09 -Year BY*****W 03.05.10 0.24 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year NXO11OOH 3.625 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X
      88 words
    • 97 22 Jun 30 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1226.25 1215.00 1232.50 1190.00 AugO9 1119.25 1122.00 1133.75 1093.00 SepO9 1030.00 1036.00 1043.75 999.00 Nov09 981.00 983.50 993.75 943.50 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 35.02 35.78 36.11 34.50 S.ug 09 35.22
      97 words
    • 75 22 CRUDE OIL PRODUCTS Jun 30 origin] t/barrel Close Cham irent blend (1-Mth F) 68.89 -1.61 WTI (Near Mth) 69.97 -1.65 iubai (1-Mth F) 71.28 2.49 "apis blend 75.65 2.60 i/linas 73.15 2.60 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S9.32 78.40 3.6! 2.8! US$/barrel )pec Oil Basket Price
      75 words
    • 441 22 Jul 1 lustralia 0.935 5.517 0.573 6.257 38.733 82.471 0.781 10.234 2.841 1.249 65.638 38.801 1.169 6.228 0.874 26.456 27.486 0.491 0.807 :anada 1.070 5.902 0.613 6.694 41.435 88.224 0.836 10.947 3.039 1.336 70.216 41.508 1.250 6.662 0.935 28.302 29.404 0.525 0.864 :hina 0.181 0.169 0.104 1.134
      441 words
    • 68 22 Jul 1 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • 131 22 Jul 1 /oz) lun lun Hong Kong .ondon 940.70 938.30 941.70 939.30 lun 29 Jun 30 937.40 927.05 938.40 927.85 Source: Thomson Reuters CAST BAR (S$) JulOI Buying Sellini Kilobar "46,649.86" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 104.86
      131 words
    • 149 22 Jul 1 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1676 1.1695 0.8071 0.8076 Canadian dollar 1.2492 1.2508 0.8636 0.8638 luro 2.0364 2.0389 1.4077 1.4080 IZ dollar 0.9349 0.9368 0.6463 0.6469 Sterlinc 2.3789 2.3820 1.6445 1.6449 IS dollar 1.4466 1.4481 >$IUS$
      149 words
    • 63 22 Jun3o minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1596.75 months 1630.00 1607.01 1640.01 Copper, Grade A (US$/tonne) :ash months 4948.75 4967.00 5082.51 5099.01 .ead (US$/tonne) :ash 1670.50 months 1690.00 1684.25 1703.00 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
      63 words
    • 74 22 Jun 30 (£/tonne) Close Prev Hii ih/Low ul 09 1581 1591 1611/1554 iepO9 1605 1620 1642/1584 Dec 09 1614 1626 1644/1593 War 10 1614 1623 1640/1593 IOFFEE (US$/tonne) Close Pev High/Low ul 09 1299 1294 1313/1286 iepO9 1335 1324 1344/1310 Mov09 1358 1346 1366/1337 SUGAR (US tonne) White Close
      74 words
    • 2190 22 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 ....4.5 -0.5 1066 !036AdvanceSCTW*****9 0.5 1092 Asia Environment W*****4 0.5 !816# Asiasons Capital W*****7 7 unch 60 S756# Asiatic Grp (H) W*****2 9.5 H05# Asiatravel W*****7
      2,190 words

  • Page 23 Advertisements
    • 3514 23 m The Business Times Shipping Times ■^H| tilcu iillHS TiErs TljTtli 1[ wan hai international pte ltd uen i *********** r^v £^7^l W K%.,E SJBMCOE'BfrjwfjLf I%TTvi\IAfAM MAI I IllPr TEL:*****588 (14LINES) FAX:*****163 L^r^™ 1 *A^ 111 I iHl^Tl^l BffllßHHWffßjlfflllPß I V^^t I Mil AM Hill INfc J PHIEL: (03) *****888
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  • Page 24 Advertisements
    • 4539 24 ffil inTi EASTERN CAR LINER, LTD lIE^SISIZED |g^^B UL---___l_—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS MM MMMMjilllililMl lEgmfflE— I voy I RomnnT) I uumKD I muara I sin I pkl I kuc I iki I sura I "'lor 1 etaetd destlnation PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc
      4,539 words

  • BizIT
    • 327 25  -  AMIT ROY CHOUDHURY By GOVERNMENTS across the Asia Pacific region excluding Japan (APEJ) announced, in the nine-month period ending in April this year, a massive US$767 billion worth of spending to combat recession, providing a significant opportunity for IT companies. Gerald
      327 words
    • 355 25  -  WINSTON CHAI By TWENTY-FIVE workers from Samsung's local office may have been sent home after a visiting staff member tested positive for the HINI virus but the bulk of its employee base remains unaffected by the home quarantine. The stay-home order, which lasts till Friday,
      355 words
    • 675 25 IDA's new Call-for-Collaboration aims to spark the next wave of mobile services in S'pore, reports ONG BOON KIAT TAXI booking, now offered only by taxi operators via SMS and voice-call services, could soon be offered by any service provider via snazzy online applications accessible on
      FILE PHOTO  -  675 words
  • Page 25 Advertisements
    • 34 25 Call 6-594 7594 for more info or to join our SME Security Awareness seminar Stone Forest IT Micmson ppa yiiy OIUI IC lUI COL I I GOLD CERTIFIED ifflf MM www.StoneForestlT.com.sg Partner I lu^^^P
      34 words
    • 147 25 together is getting more out of our hours, not working more hours. Together is a range of business solutions from Orange designed to help you work more efficiently. Let's take Business Acceleration for example. It improves application performance, reduces bandwidth consumption and helps your employees be more productive. What does
      147 words

  • PROPERTY
    • 975 26 Bloomberg Room rates and property values tumble as recession curbs travel [SAN FRANCISCO] As many as one in five US hotel loans may default through 2010 as the recession means companies are spending less on travel and perks, according to University of California
      Bloomberg; BLOOMBERG  -  975 words
    • 323 26 Reuters [LONDON] London commercial property sales more than doubled to £1.43 billion (553.43 billion) in the second quarter from the first, driven by more West End sales and an influx of overseas investors, a survey showed yesterday. Property broker Cushman Wakefield found commercial property
      Reuters  -  323 words
    • 747 27 Bloomberg But govt's stimulus measures expected to drive housing market recovery [SYDNEY] Australia's home building approvals unexpectedly fell in May for the first time in four months as rising unemployment increased concerns over job security and sapped demand for apartments. Permits granted to build
      Bloomberg; BLOOMBERG  -  747 words
    • 256 27 [SINGAPORE] The Urban Redevelopment Authority (URA) will launch a public tender for an industrial site at Kaki Bukit Road 2 in two weeks' time, it said yesterday. The 1.07 ha site was made available for sale through the government's reserve
      256 words
    • 635 28  -  KALPANA RASHIWALA 38% of top global retailers have presence here, CBRE survey finds By SINGAPORE moved up a notch to 18th position in a ranking of the world's most expensive retail locations at end-Ql 2009, from 19th position at end-2008,
      635 words
  • Page 26 Advertisements
    • 235 26 Apartments from G8P235.000* (GBP432* per sq ft) Built by UK reputable developer Barratt Homes Sat, 11 th Sun, 12th July '09 An exclusive new building of 23 private luxury apartments I I am 7pm .1- 2- 3-bedroom apartments, most with The R t Hote Singapore balconies or terraces Tang|in Room
      235 words
    • 114 26 I High Profile High-Tech Industrial/ I R&D Space for lease r I Prominently located in Science j I Park I I I 9,500 sf approximately (single 11 floor plate) |J I Well maintained facility *i>^ I I Easy access to AYE and CBD Near proximity to various MRT PF^ jH
      114 words
    • 79 26 A I Freehold Title in the heart ITTTf^fnf^V m n I ?WttfM of downtown CBD \i _^M*^^o 1-, 2-, 3-bedroom and r|^d|Es3S^^BL gr>^' °**">rs^ Penthouse Apartments iiSffili^^Q Five-Star Health Club, Pool Spa uSw /|B|^§2H|23H Spectacular Harbour and City views QE£ L# M No Land Tax and No Stamp Duty HijAJiJM
      79 words

  • Page 27 Advertisements
    • 410 27 I PoCCTir*!^ I at Innovation Place 4 Ideal for office, showroom, warehouse production II Good corporate image Convenience ji^tf P^\ll Prime frontage facing ,^^ss? '^^^^0 \1» d FT] Far East Organization Call *****681 /*****275 \^T" INSPIRING BETTER LIVES www.fareast.com.sg PRESTIGIO Developer Tai Lai Holdings Pte Ltd Company Registration No.: *****1079H
      410 words

  • Page 28 Advertisements
    • 1769 28 i M fl L I broughttoimutvSPHNewMed^ReLtd B M 1 1 M M 3^ nj|j|l!i!n r t i/1 HOW TO ZAP: Download sofbvare by SMS-ing the word "zap" to ***** (post-paid) Pfiff SBSBIBBIT VfVHi or 9741-9401 (pre-paid). Zap the colour code found in the Savillsadverasemetrt. ~^^^|9P l!fffrfNKu^ GPRS data traffic charges
      1,769 words