The Business Times, 4 July 2009

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Microfilm: NL30091
Total Pages: 45
1 45 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 4-5, 2009 Ssl.oo I MICA (P) 198/08/2008 I Sfll A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Temasek looks to its first gusher
    627 1  -  r Ronnie Lim Push into resources investments off to good start with winning of Indonesian oil and gas exploration deal By ronnie@sph.com.sg Singapore TEMASEK Holdings has finally made its foray into the oil and gas business by clinching its first-ev-er exploration rights an Indonesian
    627 words
  • Article, Illustration
    Lock icon Stuck in first gear
    887 1  -  Joyce Hooi Chinese car brands rev up images after slow start in market By joyceh@sph.com.sg Singapore TODAY, Chery, the forerunner among Chinese cars here, celebrates its third anniversary in Singapore with free car washes and ice cream at its KaM BuMt showroom. But as the ice
    AFP  -  887 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      136 1 m THE RAFFLES CONVERSATION M pJr ABRAHAM VERGHESE, 1 BH PHYSICIAN AND WRITER 6-7 SGX COMPANIES Call for new market regulator Wheelock Properties CEO David Lawrence has joined the ranks of those calling for a separate authority to regulate listed companies on the Singapore Exchange. 3 HOT MARKET Private resale
      136 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      19 1 WHEELOCKCEO PERSPECTIVE When banks push products It's back to the 1930s with pretty girls 26-27 for US economy 24-25
      19 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        44 2 KL COMP 1,072.69 -6.02 NIKKEI 225 9,816.07 -60.08 HANG SENG 18,203.40 +25.35 SET 583.48 -2.94 JAKARTA 2,075.30 +9.55 MANILA 2,431.34 -6.70 KOSPI 1,420.04 +8.56 SHENZHEN B 515.38 +6.44 MUMBAI IND 14,913.05 +254.56 17 nnnm PHT rhanm 12.00am EDT Change DOW closed NASDAQ closed
        44 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,55 HONG KONG 5,00 INDONESIA 16,524 TAIWAN 4,776 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,25 SWITZERLAND 0,52 INDIA 11,75 Source:
        Bloomberg '  -  29 words
      • Article
        Lock icon FOREX
        47 2 US$ ;s$ per US$; 1.452 ;us$, /S$ ier e 1.636 2.375 EURO(US$/S$/E) 1.401 Foreign currency per US$ 2.034 S$ EN 95.90 66.10 RM 3.525 2.428 HK$ 7.750 5.340 BAHT 34.09 23.48 RUPIAH 10,215 7,037 RENMINBI 6.833 4.707 INDIAN RUPEE 47.99 33.06 1.253 0.863 NZ$ 1.581 1.089
        47 words
    • Article, Illustration
      Lock icon Ad Planet rep wins golf tourney
      151 2 Singapore IT'S a top-of-the-world feeling for Adrian Tan from The Ad Planet Group as he donned the SPH Green Jacket at the Singapore Press Holdings Advertising Golf Challenge 2009. Mr Tan emerged triumphant from a more than 220-strong field that included representatives from Citibank,
      YEN MENG JIIN  -  151 words
    • Article
      Lock icon Wheelock chief urges separate listing regulator
      558 3  -  Kalpana Rashiwala David Lawrence takes a critical view of safeguards offered by Chinese walls By kalpana@sph.com.sg Singapore WHEELOCK Properties (Singapore) CEO David Lawrence has joined the ranks of those calling for a separate authority to regulate listed companies in Singapore as the existing authority,
      558 words
    • Article, Illustration
      Lock icon Obama to get down to the regulatory nitty-gritty
      427 3 Reuters Washington THE Obama administration is aiming to release detailed legislative language for its proposals on corporate governance, shareholder rights, and derivatives regulation next week, sources familiar with the plans said on Thursday. The US Securities and Exchange Commission is helping draft
      Reuters; BLOOMBERG  -  427 words
    • Article
      Lock icon Private resale home prices up in Q2, says DTZ
      550 4  -  Kalpana Rashiwala 12.8% increase in average price of 2-bedroom units; firm expects full-year primary market sales to top 2006 figure of 11,147 units By kalpana@sph.com.sg Singapore THE average price of freehold non-landed resale private homes in prime districts 9, 10 and
      550 words
    • Article, Illustration
      Lock icon Casino operators can expect stringent probity checks
      522 4  -  Arthur Sim By simska@sph.com.sg Singapore CASINO operators at the upcoming integrated resorts can expect probity investigations to be "extensive and intrusive". Speaking on the sidelines of a training symposium for officers of the Criminal Investigations Department (CID) and Casino Regulatory Authority (CRA) yesterday,
      AZIZ HUSSIN/THE STRAITS TIMES  -  522 words
    • Article
      Lock icon ExxonMobil bets on Asia, hires big here
      614 5  -  Ronnie Lim Petrochem giant takes long view of business, hires as many people in good years as in bad By ronnie@sph.com.sg Singapore EXXONMOBIL (EM) is gearing up for a rebound in the Asia-Pa-cific market and has been hiring aggressively to back up its
      614 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      55 2 NEWS LIVING Top Stories 2-5 Dining L2-5 Raffles Conversation 6,7 Shopping L6-9 Week In Review 8 Home Garden LIO-TI From The Desk Of 9 iii i 'SSHMJ^vs Companies 10-13 World T7-T8 Travel LT2-T3 Stocks stats 19-23 Gadgets Ll4 Perspective 24-25 Health Ll5 Wealth 26-29 Sport LT6 Househunt 30 Golf^ LT7
      55 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      44 3 Leedon Pk ***** sq ft Beautiful Land for Rebuild hsuk Can Sub-divide to three Pi plots (mm ***** sq ft) BB Beautiful Garden 73M Frontage, Flat Land Greenery View I Easy Access to Holland Village Good Feng Shui ULLJjJLE D|Ji^l*tfcmjP Newsman Realty Pte Ltd
      44 words
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      34 4 GDNSe TANGLING SPECIAL PREVIEW Near Botanic Gdns, MRT Orchard Rd, River Valley Crescent Girls,Tanglin Trust, ACS 2/3/4/Pentfiouse@ 950/1500/1800/2600 sqft up Trendy, Modern 45 fir Twin Twrs SI2OOPSF Upwards Cross Connections Network P/L 6880 ben
      34 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      833 5 Advertorial in conjunction with Value Investing Seminar, brought to you by Sharelnvestor Making a run for the market With a firm strategy and sustainable growth plan, China Eratat is poised for good results SPORTS in China has been in the spotlight long-term expansion plan that involves Uncertain market or not,
      833 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Doctor of letters
      2019 6  -  Parvathi Nayar T a fictional medical conference in Boston, t^k the legendary doctor conducting the session asks the brightest and the best gathered in the room a curious question: "What treatment, in an emergency, is administered by the ear?" The three-word answer can be found in celebrated
      2,019 words
    • Article
      Lock icon Raffles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Slide in top grade office rent slows: JLL
        75 7 THE average monthly prime Grade A office rental fell 11 per cent quarter on quarter to $9.50 per square foot (psf) in the second quarter, slower than the 28 per cent quarter-on-quarter slide in Q1 2009, according to property consulting group Jones
        75 words
      • Article
        Lock icon Madoff gets the max of 150 years behind bars
        77 7 A FEDERAL judge sentenced Bernard Madoff to 150 years in prison on Monday for operating a huge Ponzi scheme that devastated the lives of thousands of people, calling his crimes "extraordinarily evil". In pronouncing the sentence Judge Denny Chin turned aside
        77 words
      • Article
        Lock icon Lanxess puts S'pore rubber plant on hold
        44 7 AFTER a six-month hiatus, Germany's Lanxess has decided to defer construction of its 400 million euro (SsB34 million) synthetic rubber plant here by a further two years, but stressed it remains committed to making the Singapore investment.
        44 words
      • Article
        Lock icon Najib chips away at market sacred cow
        101 7 MALAYSIA is making radical policy changes to its capital and property markets that include 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
        101 words
      • Article
        Lock icon Govt takes over Jurong Island LNG project
        50 7 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 industry, Senior Minister of State for Trade and Industry S Iswaran said on Tuesday.
        50 words
      • Article
        Lock icon A softer slide in private home prices in Q2
        75 7 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
        75 words
      • Article
        Lock icon A battle to retain air hub status: MM Lee
        88 7 THE restructured Civil Aviation Authority of Singapore (CAAS) and the newly corporatised Changi Air- port Group will have to work together to ensure that Singapore retains its stature as a premier aviation hub. Delivering his keynote address at the launch event
        88 words
      • Article
        Lock icon Recession may end, but recovery still not in sight
        124 7 NOW that the economy is believed to have touched bottom, data watchers are on the lookout for signs that it is headed up, and not still floundering. So it's no surprise that May's manufacturing uptick has spurred talk that Singapore could
        124 words
      • Article, Illustration
        Lock icon California teeters on financial brink, writes IOUs
        118 7 AFTER trying for weeks to fix a California Budget gone out of control, governor Arnold Schwarzenegger and state lawmakers stood frozen in conflict on Wednesday with the state on the brink of a meltdown. A day after the state Senate failed in a
        BLOOMBERG  -  118 words
  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      127 7 CRYPTIC CROSSWORD intelligently (9) Down: Jr 2 Exercisei 3 26 I.D. in a foreign country (5) DOWN 4 Notice time (5) Vice, 5 Devil may care, 6 Cant, 7 27 Irish river craft yaws in 1 More than one pedalo at 5 Fantastic paint that might Tragic, 8 Delays, 11
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      95 7 NEXT WEEK July 6-10, 2009 US DATA July 6 June ISM services July 8 Crude inventories May consumer credit July 9 Initial job claims 07/04 May wholesale inventories July TO June export/import prices ex-aggregate May trade balance July Mich sentiment preliminary SINGAPORE DATA July 7 June international reserves EVENTS July
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Why training is essential
      930 8  -  Cindy Anne Berlandier In our current pared-down economic climate, most companies are advocating technical training and upgrading for their employees IFROM THE DESK OF Managing Director DynaMind Associates Pte Ltd FOR the past 30 years or so, people have been at the core of my career,
      930 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Yellow Pages secures loans to repay bonds
      498 9  -  Siow Li Sen The loans, together with a proposed rights issue and cash, will be enough to repay $130 m By and Joyce Hooi lisen@sph.com.sg joyceh@sph.com.sg Singapore YELLOW Pages yesterday said that it has secured some loans which, together with a proposed rights
      FILE PHOTO  -  498 words
    • Article
      Lock icon Xpress' China associate mulls listing
      256 9  -  Joyce Hooi By joyceh@sph.com.sg Singapore PRINTING group Xpress Holdings announced yesterday that its associated company in China Shenzhen Jiaxinda Printing Co Ltd is considering a public listing on the mainland. According to a statement filed with the Singapore Exchange yesterday, Sinolink Securities Co Ltd has
      256 words
    • Article
      Lock icon Wilmar set to list China arm
      140 9 Reuters Hong Kong WILMAR International, the world's largest listed palm oil company, has hired three banks to handle what sources say could be a US$3 billion flotation of its China business. The Hong Kong IPO would be among the biggest so far this year
      Reuters  -  140 words
    • Article, Illustration
      Lock icon The browning of the green
      641 10  -  R Sivanithy STOCKS The 'green shoots' rally has slipped into 'pause' mode as investors await the return of fundamental drivers, says DBS Vickers sivan@sph.com.sg Senior correspondent AT the risk of sounding like a broken record, this week was very much like last week which in
      641 words
    • Article
      Lock icon TOP 20 ACTIVES
      117 10 VOL aOSE ;olden 75,275 36 -1.0 -2.7 izion 59,630 61.5 4.5 7.9 Jade Tech 48,588 2.5 -0.5 -16.7 Jovena 45,322 9.5 0.5 5.6 ;oldenA( -iR 42,610 20.5 -1.0 -4.7 :hina Hons dnj 30,574 17.5 1.0 6.1 IniFiber 29,257 0.0 0.0 lemstar 26,672 5.5 0.5 10.0 wsGroui 22,949
      117 words
    • Article
      Lock icon TOP GAINERS
      64 10 CLOSE UP IBXT S&P Shortl 0US$ 6990 217.6 2.: ICBCG 5.1%NCPS100 9448 48.0 0.! IBS Bk6% NCPS 10 ***** 30.0 o.: MS India 10US$ 1217 21.8 i.: cor India Nil 10 1325 13.0 1.1 IS MSCI India 100 550 10.2 i.: iUE 1018 8.0 0.! ;im En: Hldj
      64 words
    • Article
      Lock icon TOP LOSERS
      48 10 CLOSEDOWN IMH 2630 -226.3 -5.( iLD 10US$ 9173 -68.2 -0. ;ia 200 1284 -46.0 -3.! lardine C&C 1874 -44.0 -2.: ;iA.ES.O9O7 1286 -44.0 -3.: 'me; raNav 1520 -40.0 -2.( ;ia 1280 -40.0 -3.1 IOB.ES.0907 1416 -28.0 -1.' iTXPO 100 1308 -26.0 -1.' IOB 1426 -24.0 -1."
      48 words
    • Article
      Lock icon STI STOCKS
      101 10 3.610 -0.020 ]apitaMall 1.380 -0.020 :if 'Dev 8.460 -0.050 :omfortDelGro 1.280 ]osco Con 1.250 -0.010 iBS Grp 11.580 -0.060 :&N 3.760 -0.080 ientin: SP 0.685 -0.005 iolden A; ;ri 0.360 -0.010 IK Land 3.370 -0.040 IMH 26.300 -1.560 ISH 15.000 -0.140 lardine C&C 18.740 -0.440 >el Con 6.960
      101 words
    • Business briefing
      • Article
        Lock icon Knight Frank values Paragon at $1.98b
        60 10 SINGAPORE Press Holdings' Paragon shopping centre in Orchard Road is now worth $1.98 billion, according to the latest valuation by Knight Frank, the group said yesterday in an exchange filing. This is down from the reported valuation of $2 billion a year ago. SPH
        60 words
      • Article
        Lock icon SGX, Oslo Bors complete talks on dual listings
        56 10 THE Singapore Exchange has concluded its talks with Oslo Bors ASA on proposed cooperation relating to dual listings. The cooperation will initially focus on the key energy, offshore and shipping sectors, which are common to both exchanges. They will enter into a
        56 words
    • Article
      Lock icon DMG Research sees STI sliding to 2,080
      556 11  -  Joanne Tang But it sets 12-month STI target of 2,750 points By tjoanne@sph.com.sg Singapore CITING lacklustre exports and weak economic fundamentals, DMG Research expects a short-term pain for the Singapore stock market before its next ascent. In a market outlook report titled "Some
      556 words
    • Article
      Lock icon Centillion to settle with creditors in new shares, cash
      345 11  -  Chew Xiang By xchew@sph.com.sg Singapore CENTILLION Environment and Recycling has agreed with some of its creditors to whom it owes a total of $4.6 million in incentive payments to settle a fifth of the debt in new shares and the remainder
      345 words
    • Article
      Lock icon SIAS: Don't tar all S-chips with same brush
      231 11 INVESTORS may have been too quick to write off all Singapore-listed China companies due to the revelations of irregular practices among some of these S-chips. As a result, some Chinese "gems" may have been overlooked, says the chief of Securities Investors Association
      231 words
    • Article, Illustration
      Lock icon New iPhone 3GS to go on sale next week
      265 11  -  Winston Chai By winstonc@sph.com.sg Singapore APPLE'S souped up iPhone will dock in Singapore next Friday. And based on its overseas track record, scores of gadget-crazed Singaporeans will be keen to take a bite. According to Singapore Telecom, "tens of thousands" of
      AFP  -  265 words
    • Article
      Lock icon 44 companies with 140 wins at HR Awards
      469 12  -  Teh Shi Ning Awards recognise human capital development, employee wellness By tshining@sph.com.sg Singapore BIG winners at last night's Singapore HR Awards 2009 included McDonalds Restaurants, Singapore General Hospital, Ritz-Carlton Milennia, IBM, as well as first-time participant Chevron Singapore, all of which clinched
      469 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      295 9 A MATS W^ RECRUIT j, s. Intraco, a globally-linked company listed on the Singapore |sA warn tfi 4V\ Exchange since 1972, with diversified businesses in Industrial r| I ImCU] Materials, Building Materials Security Solutions, AgriN. I -S Business Foods, Energy and Environment, and ~^-*>tf>YT^-^~ Semiconductors has vacancies for: Responsibilities: The
      295 words
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  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      939 10 IN THE MATTER OF THE IN THE MATTER OF IN THE MATTER OF COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP 50 THE COMPANIES ACT, CAP 50 AND AND AND IN THE MATTER OF IN THE MATTER OF ANDA MANAGEMENT SERVICES PTE LTD ANDA INSURANCE BROKERS (S) PTE LTD IN
      939 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1908 12 KEDA COMMUNICATIONS LTD. (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Keda Communications Ltd. ("the Company") will be held at Peach Garden, 65 Chulia Street, The Executive Club, OCBC Centre #33-01 Private Room 1 Singapore *****3, on
      1,908 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Job market to stay soft, says labour minister
      474 13  -  Teh Shi Ning Situation likely to persist for next two quarters; unemployment could rise above Ql's By tshining@sph.com.sg SINGAPORE'S labour market is likely to stay soft for at least the next two quarters, Manpower Minister Gan Kirn Yong said yesterday. Anecdotal feedback
      FILE PHOTO  -  474 words
    • Article
      Lock icon S'pore remains Satyam's Asia-Pac HQ
      567 13  -  Amit Roy Choudhury By amit@sph.com.sg SINGAPORE will continue to be the Asia-Pacific headquarters of Indian IT major Satyam, now renamed Mahindra Satyam, and major customers here happy with the company's services are sticking with it. This was the message conveyed by the new owners of
      567 words
    • Article
      Lock icon Firefly to grow M'sia-S'pore market
      426 14  -  Nisha Ramchandani It will also begin operating routes between Spore and Ipoh, Kuala Terengganu, Kuantan soon By nishar@sph.com.sg TOTAL passenger movements between Singapore and Malaysia jumped by 20.2 per cent year-on-year to nearly 1.3 million between January and May this year, according to figures from
      426 words
    • Article, Illustration
      Lock icon Downtown Line 2 to benefit malls, students
      438 14  -  Samuel Ec By samuelee@sph.com.sg BUKIT Timah residents and students of more than 30 schools will enjoy faster travel times when the second stage of the Downtown MRT Line is ready by 2015. Transport Minister Raymond Lim led a ground-breaking ceremony for the Downtown
      DESMOND FOO^HE STRAITS TIMES  -  438 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      185 14 IN THE MATTER OFTHE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MULTI PHARMACEUTICAL COMPANY PTE LTD (In Members' Voluntary Liquidation) Co. Registration No. *****1611K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.so, the Final Meeting of the abovenamed
      185 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      372 14 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ICI MANAGEMENT (SINGAPORE) PRIVATE LIMITED (Company Registration No. *****1374R) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 25 June 2009, the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDING-UP That the
      372 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon Shanghai in the springtime
      874 15  -  Lee Lay Pheng SPRING is one of the best times to be in Shanghai. Between late March and May, the weather is sunny, yet still cool enough for a good amount of exploring outdoors. Spring is also one of the rare times you'll get to be
      874 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      97 15 CELEBRATING 25 YEARS OF DEFINING GLOBAL LIVING Enjoy <*\ r™ O CC Stand a chance to win ■■>-^-- A .<-",- -L Jy2s%off FRFFstavs Best Available Rates rIXCt: bldyb V 5%--for stays till 31 December 2009* for 25 years* THE ASCOTT GROUP *W»A Celebrating LC3.I*S For bookings or more information, S^l
      97 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      15 15 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words
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  • WORLD
    • Article, Illustration
      Lock icon Video shows vigorous Jackson before death
      510 16 AFP Late pop legend's energetic routines support accounts he had been in good health Los Angeles A VIDEO released on Thursday showed Michael Jackson vigorously practising a song-and-dance routine days before his death, supporting accounts he had been in good health. In footage obtained
      AFP; AP  -  510 words
    • Article, Illustration
      Lock icon Imelda sure of beating corruption charges
      366 16 AP Manila SHE glided down a red carpet with a bouquet of roses, trailed by tuxedo-wearing violin and flute players who rendered her favourite love song. She blew out the candles on her 80th birthday cake amid confetti and fireworks. Former Philippine first lady
      AP  -  366 words
    • Article
      Lock icon Fed marshals seize Madoff penthouse, wife leaves
      352 16 AP New York FEDERAL marshals seized disgraced financier Bernard Madoffs US$7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she had asked to take with her, an official told The
      AP  -  352 words
    • Article, Illustration
      Lock icon Clients asked to surrender secrecy by HSBC
      324 17 Bloomberg Bankers can be fined or jailed for disclosing a client's identity without permission Geneva HSBC Holdings Pic's Swiss private bank last September asked clients and independent money managers to surrender their right to banking secrecy protection in order to keep securities invested
      Bloomberg; REUTERS  -  324 words
    • Article
      Lock icon M'sian exports drop for an 8th month on electronics slump
      504 17 Bloomberg Singapore MALAYSIA'S exports fell for an eighth straight month as shipments of electronics and commodities plunged amid the global recession. Overseas shipments dropped 29.7 per cent in May from a year earlier to RM42.95 billion (5517.6 billion) after declining
      Bloomberg  -  504 words
    • Article, Illustration
      Lock icon Major nations should back US$ as key currency: Japan
      277 17 Reuters Tokyo MAJOR countries should support the US dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G-8 summit next week, a Japanese official said yesterday. China has asked
      Reuters; BLOOMBERG  -  277 words
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  • SGX
    • Article
      Lock icon Transaction date: Jul 3
      8518 18 ligh ligh Low Code Company Sale (■000) High Low Buyer Seller C'vr P/E Smil I I 14 4 I !3 '0 1^ 0.5 _25 5.5 1.5 1.5 3.5 2.5 !4.5 I 1.5 8 I !3.5 !4 14 5 i2 I !0 i5 12 !8 14 15
      8,518 words
    • Article
      Lock icon SGX CATALIST
      1463 21 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 9 5 1181 s AAGrg !6.5 12 8538 t APStrategic 0.5 1501 s Advanced System '.5 2 3480 t Adventus !6.5 8.5 3518 s Afor 2.5 2 1524 t Alantac 9.5 3.5 7814 t Albedo
      1,463 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      46 21 Up Down Unch 4 6 4 Up Down Unch OOP Up Down Unch 4 6 4 lulti Ind lanui tectiinni .ommerce -inance ,onst ruction 'roperties Totel Sts" >ervices led >as/ fateF ;ure larr Active counters with no volume for todai are not included
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      178 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
      178 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      762 21 For week beginning Jun 29 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Asia Water Esmart WBL Corp Asia Water Southern Pack Lee Kim Tah Lee Kim Tah Asia Water Asia Water Viz
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  • Page 18 Advertisements
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  • MARKETS |
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 22 Source: YTD change: +30.55% 52-week high: 2,997.82 on July 24,2008 52-week low: 1,455.47 on March 10,2009 Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 22 YTD change: +26.52% 52-week high: 23,369.00 on July 24,2008 52-week low: 10,676.20 on Oct 27,2008 Source:! Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 22 YTD change: -5.65% 52-week high: 11,867.10 on Aug 11,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        Bloomberg  -  26 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        364 22 Jul 2 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 689.9 -2.1 1.8 -1.8 4.0 -2.3 3.3 EAFE Preliminai 662.4 -1.8 2.0 -1.8 5.5 -2.3 4.7 Euroi Preliminai 901.5 -2.6 -1.1 -2.8 4.1 -3.4 3.4 Pacific 585.1
        364 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        144 22 Juis\ :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.1573 Offer Bid Offer 1.1591 0.7977 0.7982 :anadian dollar 1.2518 1.2533 0.8628 0.8630 iuro 2.0326 2.0350 1.4010 1.4013 IZ dollar 0.9173 0.9191 0.6323 0.6329 jterlini 2.3731 2.3759 1.6357 1.6361 IS dollar 1.4508 1.4522 >$/US$ to
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      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 22 YTD change: +69.62% 52-week high: 3,088.86 on July 3,2009 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
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      • Article, Illustration
        Lock icon Nikkei 225
        18 22 YTD change:+lo.Bo% 52-week high: 13,603.30 on July 24,2008 52-week low: 6,994.90 on Oct 28,2008 Source: Bloomberg
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      • Article
        Lock icon LIFFE
        74 22 fl 1 (£/tonne) Close I Prev Hii 'Low lul 09 1572 1570 1575/1564 Sep 09 1601 1595 1607/1590 )ec09 1611 1604 1615/1598 dar 10 1607 1603 1607/1597 :OFFEE (US$/tonne) Close Pev High/Low lul 09 1319 1300 1333/1292 Sep 09 1334 1323 1344/1314 nov 09 1356 1347 1367/1338 SUGAR (US
        74 words
      • Article
        Lock icon CHICAGO BOT
        92 22 -I SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 09 1243.*****8.*****8.*****3.00 Aug 09 1154.*****0.*****1.*****1.50 Sep 09 1061.*****8.*****1.*****2.00 Nov 09 1006.*****5.*****9.00 988.00 SOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Jul 09 35.18 35.82 36.12 35.06 Aug 09 35.34 36.02 36.30 35.22 Sep 09 35.50 36.19 36.47
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      • Article
        Lock icon OIL
        74 22 J| ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 66.55 -2.72 66.63 -2.67 67.58 -2.51 72.30 -2.35 69.45 -2.70 •RODUCT ISS/barrel (FOB S'pore) Close Change ire] \l aphtha let Kerosene 65.40 -1.20 73.95 -2.20 JSS/barrel )pec Oil Basket Price
        74 words
      • Article
        Lock icon METALS
        71 22 j,i GOLD ;us$/oz; Jul 03 Jul 02 Hong Kong 930.90 936.30 931.90 937.30 Jul 02 Jun 30 London 930.20 927.05 931.20 927.85 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 19.68 19.45 Source: UOB PLATINUM Lon (US$/oz) Jul 02 Close Previous PM Fix 1185.*****8.00 AM Fix 1188.*****6.00 Source:
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      • Article
        Lock icon PALM OIL
        57 22 Z~\ lelivery fonth Opening Range Sett Price Av Price Law Vol Done Open Positioi Hi, Jul 09 2140 AugO9 2147 SepO9 2140 Oct09 2164 Total o/p: ***** contracts 2195 2145 2100 2190 2190 2092 2175 2181 2085 2170 2181 2086 Turnover: ***** lots Market tone:Lower 53 249 1682
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        Lock icon LONDON METALS
        67 22 m\ Uumlnlum, 99.7? mrity (US$/tonne' Close Previous :ash months lopper, Grade A 1609.65 1640.00 1631.75 1663.00 ;us$/tonne) lash J months ■ead (US$/tonne; 5019.25 5035.00 5073.00 5087.50 :ash 1 months 1677.75 1700.00 1718.25 1739.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash 1 months
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon It's back to the 1930s for US economy
      891 23  -  Paul Krugman Once again, a president has pushed through job-creation policies which aren't aggressive enough X, THURSDAY'S jobs report settles L it. We're going to H need a bigger stimH ulus. But does the J president know that? Let's do the math.
      REUTERS  -  891 words
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      Lock icon China won't be Asia's growth engine
      818 23  -  William Pesek JR SO YOU think China's 6 per cent growth will power a global recovery. Think again. Economists, for example, can't put a gloss on how ugly Japan's data are getting. Exports and output are plunging, unemployment is at a 25-year high and
      818 words
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  • Wealth
    • WEALTH INVESTING
      • Article
        Lock icon Luxury market to fly in 2 yrs: Wheelock CEO
        711 24  -  Kalpana Rashiwala David Lawrence is, however, bearish on Singapore office market. "▼"HEELOCK Properties M (Singapore) CEO Day/^L id Lawrence is sanguine about the island's residential market and predicts the luxury segment will be "doing very well within two years". But he
        711 words
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        Lock icon Wanted: A cheap platform to trade in local stocks
        846 24  -  Kalpana Rashiwala By BANKS should offer Singapore heartland investors a cheap platform to trade in local stocks instead of using pretty girls and boys to sell risky structured products to HDB uncles and aunties, says Wheelock Properties (Singapore) CEO David Lawrence.
        846 words
      • Article
        Lock icon BROKER'S TAKE
        816 24  -  Joyce Hooi Yanlord Land Group Buy DBS Group Research July 3 close: $2.55 ON June 18, 2009, Yanlord announced the placement of 120 million ordinary shares (110 million new and 10 million vendor) at $2.08 per share, and $275 million convertible bonds due July 2014 (with a redemption
        816 words
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        Lock icon Unit trusts – so far so good
        1227 25  - Unit trusts so far so good Wong Sui Jau WEALTH INSIGHTS A general uptrend is seen in markets as more and more positive economic data flows in General Manager Fundsupermart.com iFAST Financial Pte Ltd UR Fundsupermart half-year report on the performance of funds in Singapore will be out by next
        1,227 words
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        Lock icon Heading for inflation or deflation?
        1067 26  -  Teh Hooi Ling SHOW ME THE MONEY I Even the specialists are divided so the sensible thing for investors to do is to hedge their bets hooiling@sph.com.sg Senior correspondent I HELPED put together a virtual investment roundtable discussion this week to pool the opinions of
        with data from Department of Statistics; with datafrom MAS, Thomson Financial  -  1,067 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon S-Reits underpinned by their properties' cashflow: S&P
        327 28  -  Rachel Sim But they will have to contend with leverage and refinancing risks By rachsim@sph.com.sg Singapore REAL estate investment trusts in Singapore or S-Reits will be underpinned by the cashflow resilience of their underlying properties, strong management of operations and capital, and the
        327 words
      • Article, Illustration
        Lock icon New property bubbles rising in China: report
        467 28 AFP Beijing CHINA'S recent moves to ease curbs on the property sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported yesterday. Residential property prices in Beijing's Central Business District rose 6.5 per cent in the
        AFP  -  467 words
      • Article
        Lock icon Retail rents continue to drop in Q2
        397 28  -  Uma Shankari By shankari@sph.com.sg Singapore RETAIL rents continued to fall in the second quarter of 2009 amid economic contraction and new supply, according to a report released yesterday by DTZ Research. Prime first-storey rents in the Orchard/Scotts Road area fell 0.8 per cent
        397 words
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      1068 27 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF I PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 16 TheGdnAtßishan Apt 15/06/2009 99 1206 750 622* LANDED TheWindsor Apt 12/06/2009 FH 2174 1088 500 EastViewGdn 1-Sd 10/06/2009 FH 3894 2600
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      993 29 Special Feature Ujj YTL Hotels Luxury Destination Series Spa Village Resort Tembok, Bali Any spa can give you a boost, but it takes more than scented oils and new age music to take the weight of the world off your shoulders and make you glow from the inside out. And
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Out of the pan
        1644 31  -  Geoffrey Eu For a no-frills meal that's easy on the pocket but full of familiar favourites, these zhi char joints will fit the bill nicely. RECESSION or not, everybody loves a good deal especially when it comes to dining out. In these times of financial belt-tightening,
        PHOTOS BY JOSEPH NAIR  -  1,644 words
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        Lock icon Les Amis gets down to earth with new bistro
        630 32  -  Jaime Ec Bistro Dv Yin 1 Scotts Road, #02-12 Shaw Centre S3 *****763 Open on July 11 for dinner only Open for lunch and dinner from July 12 FIRST there was one. Then another. There were jokes that it should just
        630 words
      • Article, Illustration
        Lock icon A Jolly good roll
        986 33  -  Audrey Phoon guest chef Peranakan chef Jolly Wee shows how to recreate the flavours of yesteryear in a home kitchen. LIKE those who don the baju kurong because it's in fashion thanks to a certain TV drama, food masquerading as Peranakan fare is not difficult to
        YEN MENG JIIN  -  986 words
    • SHOPPING
      • Article, Illustration
        Lock icon Very Vuitton
        974 34  -  Connne Kerk Orchard Road shopping moves up a notch with the opening of Louis Vuitton's duplex at lon. By IT's finally open. The famous queues can now begin at the newest and swankiest Louis Vuitton store in town at lon Orchard the first retailer to open at the
        ARTHUR LEE  -  974 words
      • Article, Illustration
        Lock icon New in the city
        642 35  -  Corinne Kerk Orchard Central is a breath of fresh air to the beloved shopping precinct. IT'S hard to believe, but more than 10 years have passed since a new mall opened on Orchard Road. Naturally, the stakes are high for Orchard Central, the new shopping and
        642 words
      • Article, Illustration
        Lock icon pick of the orchard
        547 35 What's new and hot at Orchard Road FoRCH4RDRQ4dI A GRE4T LSTREETJ Get high SOMETHING big is in town in the heart of Orchard Road that is. The world's tallest indoor Via Ferrata wall stands at an impressive 30 metres high in the spanking new Orchard Central
        547 words
      • Article, Illustration
        Lock icon BRIDE AND BREEZY
        1384 36  -  Audrey Phoon Bespoke bridal studios are throwing convention out the chapel windows, along with heavy embellishment, excessive frippery and staid cuts. By Ann Teoh Fashion Studio #03-11/12 Delfi Orchard 402 Orchard Road S 6887-4610 www.annteoh.com A WEDDING, says Ann Teoh, is not about a "meringue or a
        YEN MENG JIIN  -  1,384 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon TRES CHI
        1208 37  -  Arthur Sim personal space Working within numerous feng shui parameters, Aamer Taher channelled positive chi into a positively chic design, in a house with a wealth of water." CHIC is not something one normally associates with feng shui, what with coin-bearing frogs, crystals and wind chimes often called
        AMIR SULTAN  -  1,208 words
    • TRAVEL
      • Article, Illustration
        Lock icon Life on a plate
        1000 38  -  Lim Sio Hui New Orleans, the quirky unpredictable Mississippi port town, is famed for its music, partying as well as food. THE resounding jazz notes of a saxophone rings across colourful, neon-lit Bourbon Street, as one carefully sidesteps the boisterous crowds on the cobbled pavement. The
        1,000 words
    • GADGETS
      • Article, Illustration
        Lock icon Spoilt for choice
        922 39  -  Christopher Lim From a compact camera with SLR power, to a submersible model, today's small cameras provide trigger-happy snappers the versatility they need. By IF you've ever wondered what gives camera manufacturers a headache, just ask a friend what they want in their next purchase and you'll
        922 words
    • HEALTH
      • Article, Illustration
        Lock icon Like silk on skin
        1265 40  -  Jaime Ec In pursuit of a perfect complexion? Silk protein with its anti-bacterial and antioxidant properties also has collagen-like benefits. TWO years ago, Stephanie Nam was just your average beauty junkie, an eager consumer of high-end anti-age-ing creams, instant face-lift serums, light-reflecting make-up, etc. From ancient
        YEN MENG JIIN  -  1,265 words
    • SPORT
      • Article, Illustration
        Lock icon It's a fashion parade at Wimbledon
        566 41  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent WHAT fancy attire will Roger Federer don this time? Will Maria Sharapova be decked in a one or two-piece outfit? Is that a mini-trenchcoat Serena Williams is sporting in the hot sun? It seems that it's not
        566 words
    • GOLF
      • Article, Illustration
        Lock icon The grass is greener on the other side
        1197 42  -  Justine Moss The other side of the Causeway, that is. Singaporeans can take their pick of 31 golf courses in Malaysia. By WITH 31 golf courses across the Causeway most of them in convenient locations and easily accessible by car Singaporeans are
        1,197 words
    • MOTORING
      • Article, Illustration
        Lock icon Estate of play
        563 43  -  Samuel Ec The new A4 Avant is best described by 3 Ps pretty, playful and practical. IN RECENT years, Audi has acquired a reputation for attractive automotive design and the A 4 Avant is yet another new model that is helping to reinforce that. More like a
        563 words
      • Article, Illustration
        Lock icon C is for classy
        611 44  -  Samuel Ec The C2OO CDI Estate may be a small Merc but its form and function impress. FORM and function are two excellent reasons to consider a Mercedes-Benz C-Class Estate, especially one with a diesel engine. The conventional choice would be a C2OO Estate with a
        611 words
      • Article, Illustration
        Lock icon SIMPLY ELECTRIC
        733 45  -  Samuel Ec The new Toyota Prius petrol-electric hybrid has better fuel economy and lower emissions. EVEN tree huggers need to hustle sometimes. So for its latest Prius petrol-elec-tric hybrid model, Toyota has put in a bigger engine. The old 1.5-litre unit has made way for a 1.8-li-tre engine,
        733 words
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      Lock icon Page 36 Advertisements Column 1
      132 36 JJU-3HS H& UP CLOSE 6, PERSONAL r-f but tast«-ii Mi Km* Mad: Obwtwnlni a rotifh itsrt f *Z^ Jf SINGAPOREriIILL V #>^r^sl RELEVANT IN B^J 10-20 YEARS? iMJ^ CORPORATE ANALYSIS M BWt*HwlnCMtf*e* Is Singapore relevant in the next two decades? Get the answer in the July issue of Pulses. Also,
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      800 41 Wine^dine with BTWeekend Chatterbox a 6432-7481 Level 39, Orchard Wing Experience a world of palatable pleasures Brasserie Les Saveurs Meritus Mandarin Singapore from the Oscar's lunch and dinner buffet Pan Pacific Singapore The St. Regis Singapore 333 Orchard Road menus, from fresh seafood, soups, enticing Global Kitchen Level 3 29
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