The Business Times, 8 July 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30091
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sp^l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, July 8,2009
    23 words
  • Article
    Lock icon The cane whistles, but does it really hurt?
    683 1  -  WONG WEI KONG COMMENTARY MAS bans won't affect Fls much and it shouldn't gloss over deeper issues By IT is a pity that what seems so tough is really just a slap on the wrist. So the Monetary Authority of Singapore (MAS)
    683 words
  • Article
    Lock icon MAS caps unsavoury saga with selling bans on 10 Fls
    853 1  -  SIOW LI SEN Brandon Chew Damning report on how Lehman-linked notes were sold; sanctions on selling structured products [SINGAPORE] A se-ven-month investigation into the manner in which Leh-man-linked products were mis-sold to unsuspecting, and often inexperienced, investors has concluded with
    853 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.064 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.51 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      46 1 uesi lay lange 1 COMP 1,066.36 +0.53 IIKKEI225 9,647.79 -33.08 IANG SENG 17,862.27 -117.14 ;et index Closed JAKARTA COMP 2,083.24 +48.23 1ANILA COMP 2,471.76 +22.66 ;eoulcomp 1,434.20 +5.26 ;henzhenb 512.70 -6.74 IUMBAI IND 14,170.45 +127.05 12 noon EDT Change )OW 8,231.99 -92.88 IASDAQ 1,763.07 -24.33
      46 words
    • Article
      Lock icon FOREX
      43 1 IS$ (S$ ier US$) 1.460 (US$/S$ per 1.617 2.360 :URO (US$/S$/E) 1.392 2.032 Forei in curreno >er US$ S$ 'EN 95.00 65.10 3.553 2.434 IK$ 7.750 5.309 !AHT 34.13 23.38 lUPIAH 10,245 7,019 lENMINBI 6.835 4.682 INDIAN RUPEE 48.65 33.33 1.259 0.862
      43 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      39 1 8 *****1 *****4 PROPERTY MARKET STIRS In BT's Property Supplement tomorrow: Can the exuberance in the Singapore private housing market continue? ■Thinking of investing in a luxury residential property? We help you make sense of the supply and demand.
      39 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      67 1 .--qs»HmBBbmBBBE» the premier business >^ —x LEADERSHIP SERIES i|SAfT|i SAS is bringing together decision makers, #f|\ y by invitation only to: V^Jy^V^ Network with Malcolm Gladwell and other global thought leaders. Exchange experience between industry experts who turn challenges into opportunites. BiIJIHI Learn how to further Innovate, Optimise and Transform.
      67 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      47 1 MfH^ EQUITY FORUM EXECUTIVE MONEY US^jgMl OPINION TRANSPORT HUB Fiscal stimuli have A very positive cycle Wfim mm Mia goes for growth Continental car sales limited scope for equities at some risk riding on higher yen k F^^ PAGE 3 PAGE 28 lIbSI PAGE 20 PAGE 19
      47 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Financial institutions pledge to clean up act
      708 2  -  CONRAD TAN After Lehman-linked notes fiasco, they are improving sales processes, training [SINGAPORE] Banks and other financial institutions here yesterday promised to tighten their internal controls and step up staff training in response to a damning report by regulators that found various faults
      708 words
    • Article
      Lock icon Goldman may lose millions from code theft
      667 2 Bloomberg Program can be used to manipulate markets: prosecutor [NEW YORK] Goldman Sachs Group Inc may lose its investment in a proprietary trading code and millions of dollars from increased competition if software allegedly stolen by a former employee gets into the wrong
      – Bloomberg  -  667 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon MAS caps unsavoury saga with selling bans on 10 Fls
        66 2 A SEVEN-MONTH investigation into the manner in which Lehman-linked products were mis-sold to unsuspecting, and often inexperienced, investors has concluded with some disturbing revelations and an unprecedented step. The Monetary Authority of Singapore (MAS) has banned 10 financial institutions (Fls)
        66 words
      • Article
        Lock icon Financial institutions pledge to clean up act
        86 2 BANKS and other financial institutions here yesterday promised to tighten their internal controls and step up staff training in response to a damning report by regulators that found various faults at the 10 distributors of structured notes linked to Lehman Brothers. Industry insiders
        86 words
      • Article
        Lock icon BASF may get Ciba shine in Singapore
        88 2 BASF's Singapore presence will be boosted by the likely addition of Ciba's new $164 million specialty chemicals plant on Jurong Island to its manufacturing operations here. This follows the German group's just-completed 3.8 billion euro (557.7 billion) acquisition of Swiss rival, Ciba. The
        88 words
      • Article
        Lock icon Global IPO markets improved in Q2: study
        105 2 THE glory days of large initial public offerings may be gone, but activity is slowly returning. More companies particularly those in the Asia-Pacific turned to stock markets for cash in the second quarter of this year, says an Ernst Young study. There were
        105 words
      • Article
        Lock icon Singapore is 10th most expensive city for expats
        55 2 SINGAPORE has become the 10th most expensive city in the world for expatriates, up three places from last year, says HR consultancy Mercer. Singapore is also the fifth most expensive expat location in the Asia-Pacific, according to Mercer's 2009 cost of living
        55 words
      • Article
        Lock icon Malaysia Airlines to scrap KL-New York flights in Oct
        76 2 IN a move that reflects the tough operating conditions challenging the aviation industry, Malaysia Airlines will in October scrap its thrice-weekly service from Kuala Lumpur to New York via Stockholm. The last flight to New York will take off from KL
        76 words
    • Article, Illustration
      Lock icon Fans, celebrities gather for Michael Jackson memorial
      583 2 Reuters, AFP City police say it will be the biggest event since 1984 Olympics [LOS ANGELES] Michael Jackson fans began crowding into downtown Los Angeles yesterday for a star-packed public memorial to the "King of Pop" whose sudden death nearly two weeks ago
      Reuters, AFP; AFP  -  583 words
    • Article
      Lock icon US stocks may get a rise from low earnings expectations
      731 2 Reuters [NEW YORK] US earnings may not perform a turnabout in the second quarter, but expectations finally are looking up, suggesting financial statements could hold more than the usual share of surprises from prominent companies. For the quarter, earnings are
      – Reuters  -  731 words
    • Article
      Lock icon BASF may get Ciba shine in Singapore
      500 3  -  RONNIE LIM Swiss rival's 164m anti-oxidants plant on Jurong Island to boost its presence [SINGAPORE] BASF's Singapore presence will be boosted by the likely addition of Ciba's new $164 million specialty chemicals plant on Jurong Island to its manufacturing operations here. This follows
      500 words
    • Article, Illustration
      Lock icon Fiscal stimuli have limited scope in Asia's long road to recovery: Tharman
      487 3  -  JOYCE HOOI Focus should be on strengthening consumption growth [SINGAPORE] When Asian countries do begin the long and arduous trek towards recovering from the financial fallout, microeconomic policies need to be emphasised if the recovery is to be
      BLOOMBERG  -  487 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      192 3 'ffif ■i.^^BK weß^f^ »'W'-'"; MPI^ I has an eye for detail. The Mercedes-Benz Service Clinic with our I ii^^':'- jgjjiipL f/f* German technical expert. 3 August -18 September 2009. Ifil'l'^'A-' li R Nothing escapes our specialist's attention, Cycle Carriage customers, has only limited f*fjT^*; HI '^or'- \L* from the biggest
      192 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Global IPO activity perks up in Q2: study
      423 4  -  EMILYN YAP 76 IPOs against Ql's 52 but number is way below year-ago figure By THE glory days of large initial public offerings may be long gone but activity is slowly returning. More companies particularly those in Asia-Pacific turned to stock markets
      AP  -  423 words
    • COMPANY BRIEFS
      • Article
        Lock icon Noble unit gets $40m loan to build plant
        88 4 NOBLE Argentina SA, a wholly owned subsidiary of global supply chain manager Noble Group, has signed a $40 million loan agreement with the International Finance Corporation (IFC) to finance the construction of a soybean crushing plant in its port terminal in Timbues,
        88 words
      • Article
        Lock icon Rotol subsidiary bags $3.15m deal
        43 4 ROTOL Singapore Limited's subsidiary, Rotol Projects Pte Ltd, has been awarded a $3.15 million contract to supply, fabricate and install external facade works for a hotel/office development. The project is expected to be completed within its financial year.
        43 words
    • Article, Illustration
      Lock icon A new chapter for companies in trouble?
      966 4  -  LYNETTE KHOO CORPORATE RESTRUCTURING Debate heats up as S'pore works towards draft omnibus Insolvency Act by 2011 A CHAPTER 11 as an alternative to Singapore's judicial management (JM) regime? Yes and no, insolvency professionals say. While they admit that the 22-year-old JM regime
      966 words
    • Article
      Lock icon Need for greater scrutiny on fees, practices of restructuring experts
      711 4 COMPANIES which have defaulted on loans and are in need of professional help often find themselves stuck between a rock and a hard place. Imagine Company A having defaulted on bank borrowings of $130 million, for which it has pledged
      711 words
    • Article
      Lock icon Asian commodity traders vexed by liquidity gap
      859 5 Reuters Dearth of activity during Asian trading hours can lead to erratic swings in prices [SINGAPORE] The rogue Brent trades that roiled the oil market in the normally placid wee hours last Tuesday have again put a spotlight on the lengthy period of
      – Reuters  -  859 words
    • Article
      Lock icon Emaar seeks info on intended bids for RSH shares
      437 5  -  JAMIE LEE By RSH's new controlling shareholder, Emaar Properties, is seeking more details of freshly disclosed intended offers to buy a more than 60 per cent stake in RSH for over US$l3O million. RSH's ex-majority shareholder Golden Ace has unveiled offers
      437 words
    • Article
      Lock icon Sunray, Hiap Seng draw auditor concerns
      322 5  -  TEH SHI NING By SUNRAY Holdings and Hiap Seng Engineering announced yesterday that their auditors have included "emphasis of matter" notes in audit reports on the companies' full-year financials. Without qualifying their opinion, Sunray's independent auditors, Grant Thornton, highlighted the group's losses and operational
      322 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      1433 4 A MAIS 1 IN THE MATTER OF IN THE HIGH COURT OF THE BEPUBLIC OF SINGAPORE THE COMPANIES ACT, CAP. 50 Originating Summons No. 549 of 2009/Z !N thelmtter of In the matter of Section 210 of the Companies Act (Chapter 50) &M,SJ!™h!F2?™ s (SINGAPORE) PTE LTD An<J REG. NO.
      1,433 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      50 5 s- Alii sm f A BORNEO MOTORS (SINGAPORE) PTE LTD 33 LENG KEE ROAD SINGAPORE *****2. LEXUS SALES TEL: *****288/ BOm@O MotOrS *****811/*****822/*****833- OPEN MON-SAT: BAM TO 7.30PM. SUN: 10AM TO 6PM. LEXUS SERVICE CENTRE WWW.IeXUS.COm.Sg Hcticcpe TEL: *****826/*****827. FAX: *****651. OPEN MON-FRI: BAM TO SPM. SAT: BAM TO 4.30PM.
      50 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon A day of directionless trading
      595 6  -  R SIVANITHY STOCKS Traders wait for cues from Wall Street but the US futures market also eventually ends mixed A FIRM opening soon gave way to weakness yesterday as the local stock market, taking its cue from a soft Hong Kong, a marginally firm opening
      : Bloomberg  -  595 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 4 5 0 0 0 4 4 5 lanufacturing 45 37 59 14 48 44 73 Commerce 16 15 21 20 18 24 'pt/Stor/Comms 12 12 14 12 12 15 :inance Construction 11 'roperties 17
      94 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      112 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 18,064 18,064 73,381 73,381 lanufacturing 173,969 12,750 186,719 164,675 531 165,206 lommerce 47,209 14,296 61,505 51,389 8,292 59,681 'pt/Stor/Comms 88,697 70 88,767 130,963 14 130,977 :i nance 19,989 19,989 167,449 167,449 lonstruction 55,574 5,096 60,670 14,754 80 14,834 'roperties
      112 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      95 6 lapitaLand 3.550 +0.010 lapitaMall 1.390 +0.020 jtyDev 8.440 +0.060 lomfortDelGrc 1.300 +0.040 losco Corp 1.190 -0.020 IBS Grp 11.300 -0.040 :&N 3.530 -0.090 ienting SP 0.675 iolden Agri 0.315 -0.015 IK Land 3.370 -0.050 IMH 26.040 -0.160 ISH 14.780 +0.100 lardineC&C 18.380 +0.180 Ceppel Corp 6.630
      95 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      893 6  -  JAMIE LEE Market Outlook Strategy UOB KAY HIAN, July 7 REVIEW: The Singapore stock market is taking a breather. Thus far, the market's behaviour in the current recession has uncannily mirrored that of the Asian financial crisis. Then, the Singapore market bottomed out at 0.7 times price/book value
      : Bloomberg  -  893 words
    • Article, Illustration
      Lock icon Euro gains against dollar and yen on German data
      517 6 Reuters CURRENCIES [NEW YORK] The euro rose against the dollar and yen yesterday as an unexpected increase in German factory orders gave a boost to investors looking for signs of economic recovery and raised risk tolerance. But investors were not willing
      – Reuters; BLOOMBERG  -  517 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      61 6 Jul 7 VALUE CLOSE IT OB/OS -92.00 +229. C IT CADI -*****.00 -6.0i IT 10-day MA -*****.00 -9.0i TSE ST Mid Cap 514.60 -3.3 TSE ST Small Cap 413.98 +0.0' TSE ST All Share 554.36 +0.6. TSE ST China Top 237.23 -1.4 TSE ST China 232.31 -0.9!
      61 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Golden Aqri 151,033,000 GoldenAqri R 69,126,000 Ezion 34,868,000 Yonqnam 24,888,000 5T***** DBePWO9IOOI 18,892,000 Memstar 18,804,000 Gentinq SP 18,053,000 Yanlord 17,398,000 IndoAqri 16,220,000 5T***** DBeCWO9IOOI 15,852,000 VALUE(S) DBS Grp 74,781,611 Keppel Corp 54,383,140 Golden Aqri 47,825,945 SingTel 45,759,530 CapitaLand 45,296,050 Yanlord 44,906,860 Wilmar 39,287,126 SGX 33,817,290 UOB
      54 words
    • Article
      Lock icon RISES
      103 6 CLOSE UP iBS Bk6% NCPS 10 ***** 30.0 0.3 ICBCCai 5.1%NCPS 100 9484 22.0 0., ilA 1288 20.0 lardine C&C 1838 18.0 1.' ilA 200 1288 18.0 1.. iBXT S&P Short 10US$ 7000 14.6 0.1 ISH 1478 14.6 0. iPH 319 11.0 3.' ICBC Bk5.1%NCPS 100 9650 10.0 0.1
      103 words
    • Article
      Lock icon FALLS
      119 6 CLOSE DOWN Pair 578 -46.7 -5.2 irm China H 10US$ 1386 -26.3 -1.3 IMH 2604 -23.4 -0.6 imei iNav 1460 -20.0 -1.4 UOB 5.05%NCPS 100 9780 -20.0 -0.2 Venture Cor| 681 -19.0 -2.7 Kei Con i.ES.0907 662 -18.0 -2.6 fxor Emen [in; |Mkts 1 765 -17.5 -1.5 India Ni
      119 words
    • Article
      Lock icon CURRENCIES
      85 6 Where S! stands Jul 7 CHNG CLOSE FR Jul 6 YR2009 S$ LOW S$ HIGH uss 1.4578 -0.01 1.5579 1.4308 Euro 2.0374 -0.39 2.0732 1.9150 Pounds 2.3670 -0.72 2.4051 2.0356 1.1630 -0.90 1.1816 0.9453 ren* 1.5313 -0.12 1.7278 1.4831 Rupiah* 0.***** -0.14 0.***** 0.***** Baht* 4.2726 -0.04 4.3390 4.1040
      85 words
    • Article
      Lock icon Regional bank stocks seen leading earnings recovery
      438 7  -  JOYCE HOOI Local lenders to gain from steep yield curve, void left by foreign rivals By NOMURA analysts have joined the legion of financial advisers who are backing regional banking stocks to lead the recovery in earnings. "We think that banking stocks in
      438 words
    • Article, Illustration
      Lock icon Nomura plans prime broking to take on rivals
      598 7 Reuters It muscles into area Morgan Stanley, Goldman once ruled [SINGAPORE] Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis creates room for new players to offer lucrative services to hedge funds, a senior executive
      Reuters; BLOOMBERG  -  598 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      81 7 B phoenix Make an affordable call f S^ VJ l\ T4^Bi^^ Bgg^B T\ 1>- *T Australia 1/^5/ A/ Germany I 11 Hong Kong g I IX^LV 1 VLX~"^ Malaysia xUVi'^. IV. fM^ Naur 7naland X. I I ll^^'^r'--^ Taiwan I 1 UK \f u*SS£j2&, n A Call 6838 1516 or
      81 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Educational reforms key to S'pore: PM
      502 8  -  CHUANG PECK MING It brings about system that helps produce competent, creative citizens SINGAPORE'S educational reforms have led to a system that's helping to produce competent and creative citizens who are literate, well-socialised and have the makings of leaders of tomorrow, according to Prime
      ALPHONSUS CHERN/THE STRAITS TIMES  -  502 words
    • Article
      Lock icon AYG a learning ground for Youth Olympics
      366 8  -  JOANNE TANG By THE Asian Youth Games 2009 (AYG) which saw about 1,400 athletes from 45 nations congregating in Singapore has officially concluded. At a press conference held before the closing ceremony, Teo Ser Luck, Senior Parliamentary Secretary for Community Development, Youth and
      366 words
    • Article
      Lock icon Local pharma firm capitalises on Uzbek partnership
      198 8 HOME-GROWN Beacons Pharmaceuticals is among the first companies to capitalise on a new partnership between the Singapore Manufacturers' Federation (SMa) and Uzbekistan's Chamber of Commerce and Industry (CCIU). A new memorandum of understanding has created a favourable climate to encourage, promote and facilitate
      198 words
    • Article
      Lock icon Singapore is 10th most expensive city for expats
      364 9  -  TEH SHI NING Mercer survey also lists S'pore as fifth most expensive in Asia-Pacific SINGAPORE has become the 10th most expensive city in the world for expatriates, up three places from last year, says HR consultancy Mercer. Singapore is also the fifth
      364 words
    • Article
      Lock icon Woodlands industrial site draws 8 bids
      302 9 A WOODLANDS industrial site put up for sale by the government drew healthy interest by the time the tender closed yesterday. The Urban Redevelopment Authority (URA) received eight bids, with Wee Hur Development placing the highest bid of $22.9 million, or $34 per square
      302 words
    • Article
      Lock icon Best hotel rates for F1 season
      280 9 VISITORS who book hotel rooms during the 2009 Formula One Grand Prix can now enjoy the best rates. A deal has been struck with 29 hotels to offer visitors greater assurance through a "Best Rate Guarantee". Guests who book early with participating hotels will
      280 words
    • Article
      Lock icon Q2 property investment sales triple: DTZ
      354 9 Investment value for the quarter up 254% to $662m PROPERTY investment sales more than tripled in Q2 this year as sentiment improved on the back of easing credit and the stockmarket rally, says DTZ. The firm says in its Q2 Singapore property market report
      354 words
    • Article, Illustration
      Lock icon BT-BAF beneficiary wins UOB award
      310 9 BUSINESS Times Budding Artists Fund (BT-BAF) beneficiary Siobhan Yeow Ying Hong has won an award in the prestigious UOB Painting of the Year Award competition. Nine-year-old Siobhan, a year three student from Radin Mas Primary School who has been a visual arts student at The
      310 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTU proposals win $30m in research funds
        39 9 THREE proposals from Nanyang Technological University have won $30 million in research funds from the National Research Foundation under its Competitive Research Programme (CRP). The submissions were assessed by international scientific reviews.
        39 words
      • Article
        Lock icon World Expo pavilion F&B tender opens
        64 9 THE Singapore Tourism Board has launched a tender for a food and beverage outlet for the Singapore Pavilion at the World Expo 2010. The tender invites Singapore-based or registered companies with operations in Shanghai to submit credentials and proposals for services covering the six
        64 words
      • Article
        Lock icon Golf tournament raises $700,000
        35 9 THE Centurion-Sentosa Golf Club President's Challenge Charity Golf Tournament, which will be held today, has raised more than $700,000. The funds will be channelled to 31 beneficiaries of President's Challenge 2009.
        35 words
      • Article
        Lock icon Geylang Serai market opens on July 13
        37 9 GEYLANG Serai Market will resume business progressively from July 13, following a face-lift under the National Environment Agency's Hawker Centres Upgrading Programme that took 40 months and cost $18.2 million.
        37 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      1766 8 _L^l V^^ -I- -I_^^«^ I \J Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg 1| CAAS Civil Aviation Authority of Singapore dam i cr»Mr* -rc^uKirti nricc i luiTcn notice of civil aviation authority of Singapore DMIN LCUINO I LUrINULUUILO LIMI lEU (CAAS)'INTENTIONTOINITIATEANINQUIRYTOASCERTAIN (Incorporated in the Republic of Singapore) amendments,etctothedetermination forthefirst (Registration Number
      1,766 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      1 9 I
      1 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      129 9 I I■l t S AVO UR THE JOY OF HAVING TIME ON YOUR SIDE. STAY LONGER COMPLIMENTARY J,, 3rd night Jjfe Linger a little longer in our freshly refurbished interiors soothing, sleek FOUR SEASONS HOTEL and streamlined with the latest technology. For more information, contact your travel consultant, call the
      129 words
Page thumbnail Page 10
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Too soon to reverse stimulus measures: EU
      712 10 Bloomberg, Reuters Remarks reinforce OECD view that euro area will be mired in recession for 2009 [LONDON] European Union finance ministers said that it is too soon for governments to reverse stimulus measures as the region's economy struggles to pull out of the
      – Bloomberg, Reuters; BLOOMBERG  -  712 words
    • Article, Illustration
      Lock icon Australian central bank holds cash rate steady
      544 10 Reuters [SYDNEY] Australia's central bank kept its key cash rate steady yesterday, saying that the economy was faring better than feared, but left the door open to further easing if a hoped-for recovery failed to materialise. In a statement after its monthly policy
      – Reuters  -  544 words
    • Article
      Lock icon Lowest-paid Aussies denied pay rise
      252 10 Reuters [CANBERRA] More than one million of Australia's low-est-paid workers were refused a wage rise yesterday after the country's industrial umpire accepted employer warnings that a hike could slow or stall economic recovery. The ruling meant that the pay rate for 1.3 million low-paid workers
      – Reuters  -  252 words
    • Article
      Lock icon IMF upgrades forecasts for S Korea economy
      410 10 Reuters [SEOUL] The International Monetary Fund (IMF) yesterday upgraded its forecasts for the South Korean economy, saying it saw a slight upside risk for Asia's fourth-largest economy although the economic outlook remains uncertain. The IMF expects the South Korean economy to contract 3
      – Reuters  -  410 words
    • Article, Illustration
      Lock icon Britain still in recession in Q2: survey
      667 10 Reuters Expectations rise for more quantitative easing [LONDON] Britain's economy is not yet out of recession despite a marked easing in the pace of decline in the manufacturing and services sectors in the second quarter, a survey by the British Chambers of Commerce
      – Reuters; REUTERS  -  667 words
    • Article
      Lock icon NZ economy forecast to contract further
      369 10 -AFP [WELLINGTON] New Zealand's economy is expected to contract further and more people are expected to lose their jobs, a survey of businesses showed yesterday. The economy will contract in both the June and September quarters, according to key indicators in the latest New
      -AFP  -  369 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      4697 11 w MAIS JL^I V^>/ JL JLVj JLj l3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF I THE COMPANIES ACT, CAP. 50 IN THE MATTER OF C.K. TANG LIMITED flomerics S.E. ASIA pte ltd (Incorporated in the Republic of Singapore) (IN MEMBERS'VOLUNTARY WkM^^*^ (Registration No. *****0023H) M [c0.r.
      4,697 words
Page thumbnail Page 12
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Death toll rises as fresh unrest erupts in Urumqi
      492 12 Reuters, AFP Riots in Xinjiang have left 156 people dead and more than 800 injured [URUMQI] Chinese police have arrested more than 1,400 people following rioting in the capital of Muslim Xinjiang region which left 156 people dead and more than
      – Reuters, AFP; AFP  -  492 words
    • Article
      Lock icon India's Budget consistent with stable outlook: Moody's
      436 12 Reuters [MUMBAI] Ratings agency Moody's Investors Service said yesterday that India's budget for 2009/10 is consistent with a stable outlook on its sovereign ratings, although it said that the commitment to cut a debt overhang was weak. In Monday's budget, the government estimated
      Reuters  -  436 words
    • Article
      Lock icon India seeks foreign funds to build roads
      509 12 Reuters [NEW DELHI] India wants foreign investors to fund as much as half of the US$2O billion a year it has earmarked for road building, Transport Minister Kamal Nath said yesterday. Building roads has become a priority for the new Congress-led government as
      – Reuters  -  509 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      371 12 u a u k EQUINOX RESTAURANT Level 70 CAFE SWISS Level 2 l^"^n Jw Ikv discount on lunch from Mon Sat I -for-1 Buffet $50++ per person Ilimil Ik-*»J Semi-Buffet Lunch with main course $59++ per person buffet Dinner (Tues Sat) or Sunday Brunch HI 6 JAAN|Level7o KOPITIAM Level 2
      371 words
Page thumbnail Page 13
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Yudhoyono poised to win a second term as president
      589 13 AP As Indonesians cast their votes today, opinion polls put him 10% ahead of his closest rival [JAKARTA] Opinion polls indicate that Indonesia's president is on course to win a second five-year term in an election today, a sign of widespread
      AP; REUTERS  -  589 words
    • Article
      Lock icon Producers may abandon pricier 'green' palm oil
      341 13 Reuters [KUALA LUMPUR] The slow uptake of pricier "green" palm oil in European supermarkets may see Asian producers focus on cheaper variants that have been sustainably sourced in the first place, a Malaysian palm industry official said yesterday. The extra cost lies in
      – Reuters  -  341 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      317 13 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 Clicquot favourites. The
      317 words
Page thumbnail Page 14
  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US Treasury stands by new consumer body
      657 14 Reuters It will not retreat from creating new agency despite industry opposition [WASHINGTON] The US Treasury Department is warning the financial services industry that it will not back down from its proposal to create a new consumer protection agency, even while lobbyists build
      – Reuters  -  657 words
    • Article
      Lock icon Lawyers make final joust in AIG stock case
      520 14 Reuters [NEW YORK] Maurice "Hank" Greenberg, former chief executive of American International Group Inc (AIG), fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG
      Reuters  -  520 words
    • Article, Illustration
      Lock icon F1 boss regrets upset over Hitler comments
      495 14 -AP [LONDON] Formula One motor racing boss Bernie Ecclestone said on Monday that he regrets the upset caused by his praise of Adolf Hitler's leadership, but insisted that he would not be forced to resign. In an interview with AP on Monday, Mr
      -AP; AFP  -  495 words
    • Article
      Lock icon US, Britain join Austria in Madoff-linked probe
      729 14 -AP [VIENNA] US and British investigators have joined Austrian prosecutors in examining possible ties between a Vienna fund manager and disgraced financier Bernard Madoff, whose multi-billion-dollar Ponzi scheme wiped out thousands of investors and charities worldwide, an official said on Monday. Gerhard Jarosch,
      -AP  -  729 words
    • Article
      Lock icon Toyota's Fuji circuit to give up F1 hosting rights
      393 14 Reuters [TOKYO] Toyota's Fuji International Speedway on Tuesday gave up the hosting rights for the Japanese Formula One Grand Prix in 2010 and beyond to cut costs amid the global economic downturn. The circuit, majority held by the world's biggest carmaker,
      – Reuters  -  393 words
    • Article, Illustration
      Lock icon GM to meet German officials to discuss Opel offers
      584 15 Bloomberg, Reuters Chinese, Belgian bids give US firm more options should Magna talks fail [DETROIT] General Motors Corp executives were scheduled to meet German officials in Berlin yesterday to discuss competing offers for its Opel unit as the US car maker
      Bloomberg, Reuters; REUTERS  -  584 words
    • Article
      Lock icon Obama calls for fresh start in message to Russia
      399 15 Bloomberg [MOSCOW]President Barack Obama praised Russia for its global contributions and called for a "fresh start" between the US and Russia in a message aimed directly at the Russian people. "America wants a strong, peaceful, and prosperous Russia," Mr Obama said
      – Bloomberg  -  399 words
    • Article
      Lock icon Scientists outline plan to target specific polluters
      503 15 -AFP [WASHINGTON] US researchers proposed on Monday a new strategy to tackle the global climate dilemma: target the biggest polluters in a country, who also tend to be the wealthiest individuals. Under the framework, a universal cap rather than different caps for different
      -AFP  -  503 words
    • Article
      Lock icon US should plan second fiscal stimulus: Obama adviser
      440 15 Reuters [SINGAPORE] The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the US$7B7 billion rescue package launched in February, an adviser to President Barack Obama said. "We should be planning
      Reuters  -  440 words
    • Article
      Lock icon US hospitals to help with health reforms
      282 15 Reuters [WASHINGTON] Three major hospital associations have offered to contribute about US$l55 billion over 10 years to help pay for a US healthcare overhaul, The Washington Post reported on Monday, citing industry sources. The agreement with the Obama administration and leaders of the
      – Reuters  -  282 words
    • Article, Illustration
      Lock icon Fannie, Freddie lock in cheap long-term debt
      520 15 Reuters [NEW YORK] Fannie Mae is planning its smallest bill sale ever, underscoring the push by the home funding company, as well as by Freddie Mac, to reduce reliance on short-term financing and lock in long-term funds at low rates. Depending heavily on
      Reuters; AFP  -  520 words
  • Page 14 Advertisements
Page thumbnail Page 15
Page thumbnail Page 16
  • TransportHUB
    • Article, Illustration
      Lock icon MAS to scrap KL-New York flights in Oct
      405 16  -  VEN SREENIVASAN Demand for the service has dropped due to the global economic crisis [SINGAPORE] In a move that reflects the tough operating conditions challenging the aviation industry, Malaysia Airlines (MAS) will in October scrap its thrice-weekly service from Kuala Lumpur to
      I FILE PHOTO  -  405 words
    • Article
      Lock icon 150 people fall ill on cruise ship in Britain
      252 16 -AFP [LONDON] About 150 people have fallen ill aboard a cruise ship berthed in Scotland following a suspected outbreak of the vomit-in-ducing norovirus, health officials said on Monday. A 74-year-old Englishman has also died on board the Marco Polo, which is
      -AFP  -  252 words
    • Article, Illustration
      Lock icon US$2.5m donation to help keep straits safe
      524 16  -  VINCENT WEE By [SINGAPORE] Safety, security and the environment in the Straits of Malacca and Singapore will be boosted through the Nippon Foundation's US$2.5 million contribution yesterday to the Aids to Navigation Fund to help maintain navigational equipment in the world's busiest strait
      524 words
    • Article
      Lock icon Oracle testing trimaran for America's Cup
      259 16 -AFP [MADRID] US side Oracle launched back into the waters off the coast of California a modified version of the giant trimaran which they will use in their duel with America's Cup defenders Alinghi of Switzerland, the team said yesterday. The duel is slated
      -AFP  -  259 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 16 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.49 0.26 1.19 0.48 1.15 0.62
        107 words
      • Article
        Lock icon KLSE
        41 16 '000 I III 7 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.93 8.50 8.45 3.06 2.73 unch 0.09 0.01 -0.05 -0.10 0.02 unch unch -0.01 120 114 75 318 5 0 647
        41 words
      • Article
        Lock icon BANGKOK
        7 16 ■oo ■recious Ship 15.80 0.20 176(
        7 words
      • Article
        Lock icon HONGKONG
        6 16 '000 toil .34.30 0.90 154:
        6 words
      • Article
        Lock icon PHILIPPINES
        22 16 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.30 15.25 unch unch 0.10 unch unch unch 11 27 0 0
        22 words
      • Article
        Lock icon TAIPEI
        22 16 Evergreen Marine ....17.80 :irst Steamship 48.50 /VanHai Lines 15.50 fang Ming Marine ..12.05 -0.10 -0.30 unch -0.20 1i 1 1 15
        22 words
      • Article
        Lock icon TOKYO
        40 16 '000 (awasaki Hvylnd ..251.00 -9.00 ***** (awasaki Kisen 362.00 -7.00 553! Mitsubishi Hvy 377.00 -4.00 ***** i/litsui Eng&Sbldg ..220.00 2.00 805! l/litsui Osk Lines 552.00 -15.00 2497: Nippon Express 407.00 7.00 455! JipponYusen 390.00 -6.00 6921 'iource: Thomson Reuters
        40 words
    • Article
      Lock icon NewbuiJding glut is the big worry
      593 16  -  DAVID HUGHES STRAIT TALK HIPOWNERS traditionally keep their thoughts on business matters very much to themselves and for good reaI son. Shipping is a highly competitive, as well as profoundly cyclical, industry. Success, or even survival, depends on making the right decisions at the
      593 words
    • Article
      Lock icon EU regulator wrong to block Aer Lingus bid: Ryanair
      302 16 Bloomberg [BRUSSELS] Ryanair Holdings pic, Europe's largest low-cost airline, told a court the European Union's veto two years ago of its 1.48 billion-euro (Ss3 billion) bid for Aer Lingus Group Pic was based on a "fundamental fallacy." The European Commission was
      – Bloomberg  -  302 words
    • TRANSPORT HUB: SHIPPING
      • Article
        Lock icon Baltic Dry Index drops 4.1 % on lower rentals
        426 17 Baltic Dry Index drops 4.1 on lower rentals Bloomberg The measure has already lost 10 per cent of its value in July [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell for a fourth straight session in London, led by a decline in the cost of
        – Bloomberg  -  426 words
      • Article, Illustration
        Lock icon Mid-east tanker supply rises as demand falls
        342 17 Bloomberg [LONDON] The supply of supertankers competing to ship two-million-barrel cargoes of Middle East crude oil grew, halting a four-week decline, as demand for the carriers slowed. There are 20 per cent more vessels for hire over the next 30 days than there
        – Bloomberg  -  342 words
      • Article, Illustration
        Lock icon Educating future shipping magnates
        900 17 A concerted effort is needed, writes CHRISTOPHER CHOW THE solid foundation of Singapore's maritime success and its standing as a major international maritime hub does not mean that it can afford to rest on its laurels the industry as a whole has been becalmed by the
        FILE PHOTO  -  900 words
      • Article
        Lock icon Grand China to boost ties with Zhoushan
        165 17 Bloomberg [HONG KONG] Grand China Shipping plans to expand its fleet and boost ties with Zhoushan Jinhaiwan Shipyard as the economic slowdown depresses vessel prices. The company will have "deeper cooperation" with Zhoushan, with which it has already placed orders, managing director Sun
        – Bloomberg  -  165 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon WestJet Air Canada loads fall
        389 18 Reuters Both airlines blame recession-driven slowdown in air travel in June [VANCOUVER, British Columbia] Canada's two largest airlines, WestJet Airlines Ltd and Air Canada said on Monday that their planes flew less full in June amid a recession-driven slowdown in global air travel. WestJet said
        – Reuters; BLOOMBERG  -  389 words
      • Article
        Lock icon Airline insurers hit by highest losses in 8 yrs
        462 18 Bloomberg [NEW YORK] Axa SA, Allianz SE and American International Group Inc lead a group of airline insurers poised to record the most monthly losses since September of 2001 and may raise prices to bolster reserves. Costs to indemnify the families
        Bloomberg  -  462 words
      • Article, Illustration
        Lock icon US Airways' passenger unit revenue down 20%
        267 18 Bloomberg June's decline marks sixth straight monthly drop [DALLAS] US Airways Group Inc, the smallest full-fare US carrier, said passenger unit revenue in June fell 20 per cent from a year earlier as fewer business travellers flew and fares dropped. It was the
        – Bloomberg  -  267 words
      • Article
        Lock icon Indonesia starts probe after plane loses wheel during takeoff
        244 18 Bloomberg [JAKARTA] Indonesia began an investigation after a wheel fell off a PT Merpati Nusantara Airlines Boeing Co 737-200 during takeoff. The plane, carrying 107 passengers, lost one of its four rear wheels on Monday as it left Franz Kaisepo airport
        Bloomberg  -  244 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2634 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI 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 B _~_j Airlines (BOU), BR EVA Airways Corpn
        2,634 words
    • TRANSPORT HUB: LAND/AVIATION
      • Article, Illustration
        Lock icon Continental car sales riding on higher yen
        719 19  -  SAMUEL EE VW, Citroen, Audi have gained market share, and due to new products too DESPITE the shrinking market, some Continental brands here are faring better than their Japanese rivals, due to the higher Japanese yen and slightly lower euro. Continental models have
        719 words
      • Article
        Lock icon Hyundai and Kia sales up on low prices
        469 19  -  SAMUEL EE By THE sharp contraction in the new car market has had vastly varying outcomes for the top brands. The two main Korean contenders, Hyundai and Kia, are riding high on low prices and the economic downturn to post whopping increases
        469 words
      • Article, Illustration
        Lock icon Saab ready to make Gripen jet fighter in Brazil
        721 19 Bloomberg [LONDON] Saab AB, the Swedish maker of the Gripen jet fighter, is ready to make Brazil the manufacturing centre for the aircraft to increase its chances of winning a US$l.B billion order and safeguard the model's future. Saab is prepared
        – Bloomberg  -  721 words
      • Article
        Lock icon California's high-speed train runs into criticism
        712 19 -at 3 Residents fear it could take out trees, homes, businesses [MENLO PARK, California] In November more than 60 per cent of voters on the San Francisco Peninsula supported a US$9.9 billion bond measure to help pay for a high-speed rail line between San
        -at3  -  712 words
      • Article
        Lock icon Isuzu falls on concern Toyota may cut tie-ups
        236 19 Bloomberg [TOKYO] Isuzu Motors Ltd, Japan's largest light-truck maker, plunged the most in two weeks in Tokyo trading after a Nikkei report stoked concerns Toyota Motor Corp may curb cooperation with affiliates. Isuzu, 5.9 per cent owned by Toyota, fell 4.5 per
        Bloomberg  -  236 words
Page thumbnail Page 17
  • Page 17 Advertisements
Page thumbnail Page 18
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      335 18 CRYPTIC CROSSWORD ACROSS sloshed (7,5) 9 Serious composer getting es- __HB__JB HB__^B_BB__BB__B 10 Engineers needing better aJ LJ hJ L^_ L^J L^J specialist for removing dross 11 Contemptible words with ——^J—^J—^J—H which to address good-look--12 Fairy girl men led astray (7) _L^L_L I I I I I I I I
      335 words
Page thumbnail Page 19
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Did markets read the Indian Budget wrong?
      504 20 IT is unfortunate that the Indian Budget grabbed the headlines for the wrong reasons: The Bombay Stock Market benchmark index, the Sensex, fell by 6 per cent. This was the biggest fall of the Sensex on Budget Day for the past 10 years.
      504 words
    • Article, Illustration
      Lock icon Putting the Indian Budget in perspective
      1114 20  -  GAGAN MALIK There were no big-ticket reforms but the Budget did give companies reason to celebrate MINUTES into the annual Budget speech, the writing was on the wall there were unlikely to be any big-ticket reforms. India's finance minister said as much when he
      AP  -  1,114 words
    • Article, Illustration
      Lock icon Delhi goes for growth at some cost and risk
      823 20  -  VIKRAM KHANNA THE BOTTOM LINE A RESUMPTION of 9 per cent growth at the earliest, more "inclusive development", and better delivery of public services. Those were the three priorities flagged by India's new finance minister Pranab Mukherjee when he presented his
      823 words
    • Article, Illustration
      Lock icon Private banking in a sweet spot
      1141 21  -  KAREN BOWMAN Singapore is now in a unique position to strengthen and grow its private banking industry By SEISMIC shifts in the global economy have changed the face of financial institutions across the world, and private banking is no exception. Traditional private banking strongholds,
      MALCOLM MACLEOD/ SPH  -  1,141 words
    • Article, Illustration
      Lock icon Obama's strategic blind spot
      871 21  -  ANDREW J BACEVICH By RE there not other alternaM^k tives than sending our armies to chew barbed wire in Flanders?" During the bit»ter winter of 1914-15, the first lord of the Admiralty posed this urgent question to Britain's prime minister. The eighth anniversary of Sept 11,
      AFP  -  871 words
Page thumbnail Page 21
Page thumbnail Page 22
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8322 22 Transaction date: Jul 7 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E 9 3 3148 STelecom 9 2.5 5834 A-Sonic 24 12 5000 ABR Hldgs 14 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 70 26.5 5550 ARA 8.5 2.5
      8,322 words
    • Article
      Lock icon SGX CATALIST
      1572 23 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net M Cap ('000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 26.5 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 26.5
      1,572 words
    • Article
      Lock icon SGX ETF
      348 23 _Hm Low Code Conn Sale C000) _Hm _Buj Seller C'vr P/E Smil 109 100 6389 ABF SG Bond ETF 877 427 CIMBAsean40 100US$ 246 149 DBS STI ETF 100 2786 1682 DBXT FTChina25 10US$ 5268 3228 DBXT FTVietnam 10US$ 1388 850 DBXT MSTaiwan 10US$ ***** 5220 DBXT Nifty
      348 words
    • Article
      Lock icon CLOB INTERNATIONAL
      261 23 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
      261 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9346 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.811/ AIGIF Spore Bond Fund/A 1.273/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.94/ APS Alpha Fund (USD)!** 0.65/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5206/ APS Komaba Global
      9,346 words
  • Page 22 Advertisements
Page thumbnail Page 23
Page thumbnail Page 24
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 24 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 6 World Index Preliminan 680.9 -1.0 0.5 -0.8 2.9 -1.1 1.8 EAFE Preliminai 654.3 -1.0 0.8 -1.0 4.3 -1.2 3.1 Euroi Preliminan 891.9 -1.0
      366 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 24 As at 9am Jul7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1490 1.1850 Can dollar 1.2480 1.2630 Euro 2.0230 2.0490 NZ dollar 0.9190 0.9400 iterlini ind 2.3550 2.3850 US dollar 1.4470 1.4650 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      172 24 Jul7 $S Offer Bid Overnight 0.03 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer 0.01 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.41 0.70 0.80 1.15 1.70 1.80 Offer 0.25 0.31 0.40
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      19 24 Jul7 Sett ten HII in. STI SIMSCI Jul 270.8 275.1 273.3 Taiwan Jul 236.4 241.4 239.0
      19 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jul 7 SS Bid Offer 1-month 1.4594 1.4603 2-months 1.4595 1.4604 3-months 1.4595 1.4604 6-months 1.4595 1.4606 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      58 24 Jul7\\ Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Jul 09 2145 2075 2145 2100 24 209 AugO9 2130 2070 2130 2061 1847 ***** SepO9 2126 2069 2133 2059 ***** ***** Oct09 2125 2072 2125 2060 4550 7264 Total o/p: ***** contracts
      58 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      297 24 Jul 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.4100 99.2000 99.0050 98.7000 9507 5503 4517 3445 EUROYEN TIBOR FUTURES SepO9 99.515 99.515 DecO9 99.540 99.540 Mar10 99.535 99.535 Jun10 99.530 99.530 Sep10 Dec10 Mar11 Jun11 99.510 99.540 99.535 99.530 99.510 99.520
      297 words
    • Article
      Lock icon SICOM FUTURES
      184 24 Jul 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) AugO9 166.1 Sep 09 Oct09 162.6 NOV09 162.3 Dec 09 162.3 Jan 10 164.0 161.5 161.5 161.0 166.1 164.0 162.6 162.3 162.3 163.0 54 48 48 48 564 683
      184 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Jul7 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****Z 08.10.09 1-Year BY*****W 03.05.10 0.24 0.35 0.19 0.18 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High 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
    • Article
      Lock icon CHICAGO BOT
      101 24 Ju/6 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1200.00 1243.00 1239.00 1197.00 Aug 09 1118.50 1154.00 1148.00 1117.25 Sep 09 1022.50 1061.00 1057.00 1020.50 Nov09 963.00 1006.00 995.00 960.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 34.29 35.18 34.78 34.24 Aug
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 24 CRUDE OIL PRODUCTS Jul6 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 63.89 -1.85 WTI (Near Mth) 64.33 -1.34 Dubai (1-Mth F) 64.12 -2.15 Tapis blend 68.95 -2.10 Minas 65.55 -2.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 63.17 70.20 -0.83 -1.85 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      441 24 Jul 7 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZ! PakRs Peso Rand Sfr NT! Baht Pound us: Canada 1.074 5.831 0.613 6.612 41.507 87.407 0.811 10.863 3.031 1.349 69.555 41.200 1.245 6.831 0.930 28.142 29.114 0.528 0.853 China 0.184 0.171 0.105 1.134 7.118 14.990
      441 words
    • Article
      Lock icon SIBOR
      73 24 Jul7 (US$) (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** mths 1.***** Imths 1.***** 2 mths 1.***** iWAP Mid
      73 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Jul7 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1593 1.1600 0.7944 0.7945 Canadian dollar 1.2556 1.2565 0.8459 0.8606 Euro 2.0313 2.0330 1.3920 1.3924 NZ dollar 0.9227 0.9235 0.6323 0.6325 Sterlini ind 2.3595 2.3610 1.6169 1.6170 US
      156 words
    • Article
      Lock icon PRECIOUS METALS
      143 24 Jul 7 GOLD (USS/oz) Jul 07 Jul 06 Hong Kong London 925.30 923.70 926.30 924.70 Jul 06 Jul 03 922.60 931.65 923.60 932.65 Source: Thomson Reuters CAST BAR (S$) Jul 07 Buying Sellini Kilobar "46,656.28" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      143 words
    • Article
      Lock icon LONDON METALS
      68 24 Jul6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1587.50 1572.00 3 months 1617.00 1601.00 Copper, Grade A (US$/tonne) Cash 3 months 4955.25 4970.00 4966.25 4980.00 Lead (US$/tonne) Cash 3 months 1662.25 1684.00 1688.75 1710.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      68 words
    • Article
      Lock icon LIFFE
      72 24 Jul6 COCOA (Btonne) Close Prev Hii ih/Low Jul 09 1576 1567 1578/1554 SepO9 1605 1596 1608/1587 Dec 09 1615 1605 1614/1598 Mar 10 1612 1602 1613/1594 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1331 1323 1315/1302 SepO9 1345 1338 1345/1313 Nov09 1367 1359 1367/1336 SUGAR (US tonne) White Close
      72 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2181 24 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 100 1 15 -10 5.25 58 >036 Advance SCT Ltd W*****9 0.5 1 1844 9.00 13 Allgreen Prop.ES.0907 98 AscendasReit.ES.0907 167 S092 Asia
      2,181 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      2926 25 m The Business Times Shipping Times M _^V __^^P __k| WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M I^h a^^^V __L_l_fi ifißfflwrKKrWmli^* %Cxi_i\ iaiam uai i mrr TEL:*****588 (14lines) fax:6224H63 __>"1 ■1 I T*f m^ll^l HgH»ESS|S|SIISti9S&iX3aS| V\ \_M 1 lAf A 111 HAI INp\ Fid TEL (03| *****8»S FAX: («3| *****25S
      2,926 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      3487 26 r**VHBXBH9I^B9iHI In e eastern car liner, ltd inn mr^TJ^r i W— specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I irTTTTWTTTrTT^ 1 1 1 1 1 1 1 PCL/PHL SERVICE AMX SERVICE C.nne<ting ECL Sv< via MALTA TjSHOCHERRV^ VOY __o_|____ II linqlKT). MUARA -iM_ -fi%T
      3,487 words
Page thumbnail Page 27
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon When currency funds fumble and stumble
      1419 27 -Bloomberg Lowering of interest rates by central banks adds to lacklustre performance [NEW YORK] FX Concepts Inc, the world's largest currency hedge fund, says it lost 5.4 percent in this year's first five months. John W Henry Co's for-eign-exchange fund told investors it lost
      -Bloomberg; STOCK.XCHNG  -  1,419 words
    • Article, Illustration
      Lock icon Believing in Asian equities for now
      1089 28 In terms of economic cycles, weak growth and falling interest rates are good for bonds. Equities are then recommended as inflation stays low, reports GENEVIEVE CUA ARKETS are moving into a "very positive" cycle for equities, thanks to low interest rates, disinflation and global
      . Limited. For illustrative purposes only  -  1,089 words
    • Article, Illustration
      Lock icon The rules of trading and investing
      1210 28  -  MICHAEL PREISS The objective is not to buy low and sell high, but to buy high and to sell higher AMONG economists and on Wall Street in general there is now an active debate whether the massive stock market rally we saw globally since
      1,210 words
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      357 27 Call 6-222 6868 to find out more ACCOUfltServe about the AccountServe 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 short
      357 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      478 28 General Terms Conditions: Promotion period: Jul 6, 2009 Sep 4"+ W M II 0* I l-)(-)^ Durin9 the promotion period, customers who successfully nl#^ I AhTKAI fIT IT/\l IK I M%#^CT*YI^WTC °Pen U-S- Brokerage Accounts with E*TRADE Securities LLC through CIIVV? \^%JI IH I I I WUI 9^9 111 VCd
      478 words