The Business Times, 17 July 2009

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Microfilm: NL30092
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, July 17,2009
    20 words
  • Article, Illustration
    Lock icon MAS to look at how Fls pay staff, manage risks
    548 1  -  CONRAD TAN Regulator will focus on new products but says primary responsibility rests with firms By [SINGAPORE] The Monetary Authority of Singapore will review how the boards of banks and life insurers here manage risks and set pay policies, MAS
    BLOOMBERG  -  548 words
  • Article
    Lock icon MAS posts $9.2b loss – its first ever
    329 1  - MAS posts $9.2b loss its first ever ANNA TEO Investment losses in FYOB mostly from its equity portfolios By [SINGAPORE] The Monetary Authority of Singapore (MAS) has not been spared the ravages of the global financial crisis the central bank posted its first ever loss of $9.2 billion at the
    329 words
  • Article
    Lock icon JPMorgan beats expectations with 36% Q2 earnings surge
    369 1 Reuters Profit rises despite surge in credit card and loan losses [NEW YORK] JPMorgan Chase Co said investment banking and trading drove a larger-than-expected 36 per cent jump in quarterly profit despite a surge in credit card and loan losses that could
    ■ Reuters  -  369 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lursi lay lange ICOMP 1,108.88 +11.64 IIKKEI225 9,344.16 +74.91 IANG SENG 18,361.87 +103.21 ;et INDEX 582.74 -5.12 JAKARTA COMP 2,117.95 -5.38 IANILACOMP 2,553.96 +38.01 ;eoulcomp 1,432.22 +11.36 ;henzhen B 532.82 +4.95 IUMBAI IND 14,250.25 -2.99 12 noon EDT Change )OW 8,624.98 +8.77 IASDAQ 1,866.77 +3.87
      46 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.231 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.453 (USS/SS per 1.638 2.380 ;UR0 (US$/S$/E) 1.409 2.046 Foreign currency per US$ S$ 'EN 93.70 64.50 3.568 2.455 IK$ 7.751 5.335 !AHT 34.06 23.44 WPIAH 10,100 6,952 lENMINBI 6.833 4.703 INDIAN RUPEE 48.78 33.58 1.253 0.863 IZ$ 1.561 1.074
      45 words
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      29 1 8"*****l"*****V ItRSe i*MmO*-*"^a I tmm^^mm^^^ii^^^\m-*Mm^^k m\* I^^ i^ .^^k. mma., lm\ vtjm j !/m\m-* k^M!^ and Orchard Cineleisure MM mami Fu" condo facilities including 3 pools, tennis B^^^^^-j^^^gmgMa^^ 2/3/4rm/Penthouse
      29 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
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      102 words
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  • TOP STORIES
    • Article
      Lock icon Robust Q2 puts China on track for 8% growth
      625 2 Reuters Q2 growth picks up to 7.9%; Asian markets rally on hopes of recovery [BEIJING] China looks set to hit its full-year growth target of 8 per cent after a surprisingly strong second quarter notable for a surge in investment driven
      – Reuters  -  625 words
    • Article
      Lock icon Number of unemployment claims drop
      477 2 ■AP LATEST US DATA Figures are clouded by adjustments for car plant closures [WASHINGTON] The number of newly laid off Americans signing up for unemployment benefits last week and those using this safety net over a longer period both plunged. But the government figures released
      ■AP  -  477 words
    • Article
      Lock icon CAI takes stake in Indian airport venture
      518 2  -  YEN SREENIVASAN It'll help plan and develop airport in Durgapur, W Bengal By [SINGAPORE] In its first investment since corporatisation, Changi Airport Group's international arm, Changi Airports International (CAI), has inked a deal to take a 26 per cent stake in Bengal Aerotropolis
      518 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon MAS to look at how Fls pay staff, manage risks
        52 2 THE Monetary Authority of Singapore will review how the boards of banks and life insurers here manage risks and set pay policies, MAS managing director Heng Swee Keat said yesterday. This is to strengthen the corporate governance of financial firms.
        52 words
      • Article
        Lock icon MAS posts $9.2b loss – its first ever
        52 2 MAS posts $9.2b loss its first ever THE Monetary Authority of Singapore has not been spared the ravages ofthe global financial crisis the central bank posted its first ever loss of $9.2 billion at the close of its 2008 financial year in March, largely from declines in its equity portfolios.
        52 words
      • Article
        Lock icon Robust Q2 puts China on track for 8% growth
        62 2 CHINA looks set to hit its full-year growth target of 8 per cent after a surprisingly strong second quarter notable for a surge in investment driven by powerful fiscal and monetary stimulus. Annual gross domestic product growth accelerated in Q2 to
        62 words
      • Article
        Lock icon Bumpy recovery and muted inflation likely
        63 2 RATHER than experiencing a sharp, decisive recovery, the Singapore economy is likely to see slow and uneven growth, says the Monetary Authority of Singapore. It also expects consumer price inflation to trend down in the second half of the year and come in between
        63 words
      • Article
        Lock icon Horizon brightens for property groups
        63 2 THE outlook is more sanguine, as listed property developers get ready to announce their financial results for the six months ended June 30. The strong pick-up in private home sales in the past five months is providing cheer, contrasting with the gloom that lasted until
        63 words
      • Article
        Lock icon Education provider tops Fastest Growing 50 ranking
        41 2 EDUCATION is a priority for Singaporeans. So it's no surprise that an education and training company SIM Pte Ltd topped this year's list of the country's Fastest Growing 50 companies. SINGAPORE NEWS, PAGE 9
        41 words
      • Article
        Lock icon Fed sees US downward spiral slowing
        62 2 THE Federal Reserve expects the US economy to sink at a slower pace this year than it previously thought, but sees unemployment topping 10 per cent, according to a forecast released on Wednesday. The Fed now predicts that the economy would shrink between 1
        62 words
      • Article
        Lock icon Threat to axe BOA chief was justified: Paulson
        68 2 FORMER treasury secretary Henry Paulson says that he was justified last year in suggesting that Bank of America Corp's chief executive could lose his job if the bank backed out on plans to buy troubled Merrill Lynch. His admission comes as Congress
        68 words
    • Article, Illustration
      Lock icon Bumpy recovery and muted inflation likely
      509 4  -  ANNA TEO MAS adds to the voices that don't see a sharp turnaround By [SINGAPORE] Rather than experiencing a sharp, decisive recovery, the Singapore economy will likely see slow and uneven growth, says the Monetary Authority of Singapore (MAS). It also expects consumer price
      BLOOMBERG  -  509 words
    • Article
      Lock icon Government-backed loans hit $4b
      297 4  -  CONRAD TAN Slowdown in bank lending milder than during Asian crisis By [SINGAPORE] More than 7,300 government-backed loans totalling $4 billion were approved in the first half of this year, according to the Monetary Authority of Singapore. Compared with the Asian financial crisis, the slowdown in
      297 words
    • Article
      Lock icon Deposit insurance cover limit may go up
      278 4  -  CONRAD TAN It ensures relevancy when current state guarantee expires Reports by [SINGAPORE] Singapore may raise the $20,000 limit on its deposit insurance scheme to ensure that it remains relevant when the current state guarantee on all deposits expires at the end of
      278 words
    • Article
      Lock icon Some key steps to strengthen financial system
      303 4 BESIDES a planned review of how banks and life insurers here manage risks, the Monetary Authority of Singapore (MAS) has introduced various other measures to strengthen the country's financial system. It has broadened the range of debt securities that banks here can use
      303 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      64 2 fl IHOME PHILOSOPHY! visionnaire 'm' a. $Wj imm I I Hi S 1' r'' 1 gmt mf I <** V I I W^ mttt^LXWWLWWtmam \t.\\w -a DAJi rviNcil COLLECTION Da Vinci Luxury Available at 10 Tanglin Road Tel: +65 6738 6333 Da Vinci Collection 191 Upper Bukit Timah Road Tel:
      64 words
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      Lock icon Page 2 Advertisements Column 2
      23 2 A^mW 1 'Wmmm9-*A^dt9 m \\^A*m\mm^^ WWW \m**^ \m^^^9\ -if- i Xi I j.. BSIwH tm ifllffili'i *"i i, ilMß*l T| /MM m ■CTfc..'.--
      23 words
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      Lock icon Page 2 Advertisements Column 3
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      62 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      164 3 Silversea A new horizon is yours "n mm.^ ifci^. m*mm ..■X' f Rising from Singapore's famed East Coast, Silversea is your invitation to feel the allure of the sea. Awake to stunning panoramic views, be at one with the silvery horizon whenever your heart desires, and indulge in the endless
      164 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      52 4 I FH MEGAMAN® L^ Energy Saving Lamps by MEG AM AN* MEGAMAN® Concept Store 101 Kitchener Road, No. 01-32, Jalan Besar Plaza, E-mail: sales@megaman.com.sg Singapore *****1 Tel: (65) 6396 5576 C \WM 9% f %0\ eta js IfIAU I I !l mm *^-W tmxm x^zz. y~^^m "agy xsa igaA d
      52 words
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      Lock icon Page 4 Advertisements Column 2
      746 4 "mmdMfA^ n Toll free: 1800-289-8822 m&~- II Iff l-t Email: notices@sph.com.sg _L^l \*m*J -1- I V I j www.cats.com.sg IN THE MATTER OF I In the Matter of IN THE MATTER OF THF rnMPANIFS ArT tap in IN THE MATTE" 0F The Companies Act, Cap. 50 THE COMPANIES Aa, CAP
      746 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon New M1 chief sees an old pal at StarHub
      566 5  -  WINSTON CHAI A known competitor, says Kooi, as she reports 9.7% fall in M 1 net profit for Q2 By INSTEAD of hurting Mobile One (Ml), having its former chief head rival Star Hub could be a boon, says the new
      566 words
    • Article, Illustration
      Lock icon Horizon brightens for property groups
      789 5  -  KALPANA RASHIWALA By THE outlook is more sanguine, as listed property developers get ready to announce their financial results for the six months ended June 30. The strong pick-up in private home sales in the past five months and a nascent recovery in prices is
      YEN MENG Jll IM  -  789 words
    • Article, Illustration
      Lock icon CDL launching Balmoral Rd condo project
      373 6  -  KALPANA RASHIWALA Preview of 437-unit Waterfront Key at Bedok Reservoir likely today By AFTER holding on to its Garden Hotel property at Balmoral Road for 10 years, City Developments Ltd (CDL) is finally launching an 85-unit condo project on the site. A preview for
      373 words
    • Article, Illustration
      Lock icon Frasers launches new service residence brand
      498 6  -  EMILYN YAP By FRASERS Hospitality yesterday launched Modena a new line of service residences which cater to a budget-conscious and highly mobile group of business travellers. Room rates at Modena will be around 20 per cent lower than those at properties under the existing
      498 words
    • Article
      Lock icon DBS Indonesia appoints new chief, commissioner
      289 6 DBS Indonesia, a subsidiary of DBS Group Holdings, has appointed Hendra Gunawan as president director and Bernard Tan as commissioner. Both appointments took effect on June 30. As president director a chief executive officer equivalent Mr Gunawan, 39, will be responsible for growing the
      289 words
    • Article
      Lock icon E3 in RTO deal to buy water-treatment plant
      394 6 E3 HOLDINGS is acquiring a Chinese water treatment plant in a reverse takeover (RTO) deal worth $33.2 million. Under a conditional agreement entered into on Wednesday, the company will issue about 2.77 million new shares at 1.2 cents apiece to buy the
      394 words
    • Article
      Lock icon Ezra ventures into deepwater subsea segment
      322 7  -  JOYCE HOOI By WHERE still waters run deep, Ezra Holdings is hoping to make waves. Yesterday, the marine company unveiled its new strategy to expand into the deepwater subsea segment in a bid to tap new opportunities. To that end, Ezra will be spending
      322 words
    • COMPANY BRIEFS
      • Article
        Lock icon Deutsche Bank, SGX list 4 more ETFs
        87 7 DEUTSCHE Bank and the Singapore Exchange have announced the listing of another four exchange traded funds (ETFs) that track the performance of various European and Asian indices. The four ETFs charge fees of between 0.15 per cent and 0.65 per cent a year
        87 words
      • Article
        Lock icon Sinobest issues H2 profit warning
        69 7 SINOBEST Technology has warned of a net loss for the half year to June 30. Sinobest, a Chinese IT company, said that weak demand and intense competition in the sector in China have hurt its revenues and profit margin. The company will also make allowances
        69 words
      • Article
        Lock icon TT needs more time to sort out creditor issues
        100 7 TT International yesterday said that it needed more time to set out a scheme of arrangement with its creditors. It had earlier said the notice of a creditors' meeting and despatch ofthe scheme documents would be done by July 13, for
        100 words
    • Article
      Lock icon Midas raises net $89.4m in share placement
      491 7  -  LYNETTE KHOO 120 m shares placed at 75.5 cents each as a result of strong demand By additional 20 million new shares. DBS Bank was the placement agent. The issue price, which was determined through a book-building process, was a discount of about
      491 words
    • Article, Illustration
      Lock icon SMRT buys stake in Shenzhen transport firm
      356 7 SMRT Corp is acquiring a 49 per cent stake in a Shenzhen transport company for 320 million yuan (Ss6B million). And through its investment in Shenzhen Zona Transportation Group, SMRT hopes to gain a foothold in China. Its subsidiary SMRT Hong Kong yesterday
      356 words
    • Article, Illustration
      Lock icon NUS RMI plans credit rating system
      389 7  -  JAMIE LEE By AMID mounting criticism of credit rating agencies for not downgrading ratings for troubled companies earlier, a Singapore university looks to launch its own credit rating system to rate some 500 Asian firms by 2011. The National University of Singapore (NUS) will
      389 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      216 5 The M-Class. Your essential adventure gear. Book an M-Class now and enjoy free COE with savings of up to $35,658. The M-Class feels at home in any situation. With its powerful take you off the routine, it will also take you off COE. That's right, engine and the all-wheel-drive-system 4MATIC,
      216 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      342 6 Receiver's Sale By Tender IQ ~|l|~ 1) Land near Eunos MRT *^*W agT "S -Site area 2,651.9 sm sims Av.nu. Freehold I Len""! Written Permission for 5-storey tf££ K"'SE""' Euno^n. "is commercial residential devt CC ir eh—i Red Approved GFA 5,518.7 sm I S£| dS 0 i MDIS e2K, 5n81
      342 words
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      Lock icon Page 6 Advertisements Column 2
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      Lock icon Page 6 Advertisements Column 3
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      203 words
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      179 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Sentiment turns cautious
      604 8  -  CONRAD TAN STOCKS Rally extends into third day, but investors worry latest round of gains could be overdone STOCKS here extended gains into a third straight day yesterday, but after a bullish start, sentiment appeared to turn cautious on worries that the latest rally could be overdone.
      : Bloomberg  -  604 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      99 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 7 5 5 0 0 0 7 5 5 Manufacturing 69 31 76 12 73 34 88 Commerce 27 13 25 32 15 31 Tpt/Stor/Comms 16 13 17 13 Finance 19 19 Construction
      99 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 8 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 17,739 17,739 58,031 58,031 Manufacturing 344,488 38,908 383,396 191,884 1,933 193,817 Commerce 133,016 13,632 146,648 115,674 6,832 122,506 Tpt/Stor/Comms 232,874 1,757 234,631 328,743 302 329,045 Finance 39,098 39,101 350,043 350,043 Construction 122,414 40,741 163,155 27,780 626 28,406 Properties 167,131
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Cham Stock name Close Cham Capita Land 3.620 4-0.080 Noble Grp 1.750 CapitaMall 1.500 4-0.020 OCBCBk 6.990 4-0.020 CityDev 8.980 4-0.410 Olam 2.300 4-0.070 ComfortDelGro 1.380 4-0.020 SGX 7.300 4-0.090 Cosco Corp 1.160 -0.060 SIA 13.440 4-0.140 DBS Grp 12.220 4-0.060 SIA Engg
      112 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      928 8  -  LYNETTE KHOO Cosco Corp July 16 close: $1.16 KIM ENG, July 16 COSCO has announced a rash of new order cancellations, this time more severe the latest round comes from related companies. China Ocean Shipping and related companies have rescheduled the delivery of three 57,000 dwt bulk carriers
      : Bloomberg  -  928 words
    • Article, Illustration
      Lock icon Yen rises; kiwi down on rating outlook cut
      515 8 Reuters CURRENCIES [TOKYO] The yen rose broadly yesterday as traders booked profits in other currencies after their rally this week, with the New Zealand dollar sliding after Fitch cut the country's sovereign rating outlook. The currency market took in its stride data
      Reuters; REUTERS  -  515 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Jul 16 VALUE CLOSE BT OB/OS -17.00+157.0 BT CADI -*****.00+103.0 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 526.04 +0.15 FTSE ST Small Cap 429.36 +1.98 FTSE ST All Share 582.28 +2.40 FTSE ST China Top 241.68 -1.68 FTSE ST China 235.46 -1.98 FTSE ST Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Golden Agri 195,510,000 Gentinq SP 62,265,000 UniFiber 56,144,000 China Honqxinq 46,705,000 Cosco Corp 46,092,000 Sapphire 40,351,000 Capita Land 39,800,000 NOL 38,466,000 Infinio 36,463,000 Mercator 34,920,000 VALUE(S) Capita Land 145,376,560 UOB 125,430,314 Sing Tel 101,716,680 DBS Grp 100,917,960 OCBC Bk 73,029,110 CityDev 72,574,150 Golden Agri 65,361,350 NOL
      58 words
    • Article
      Lock icon RISES
      111 8 CLOSE UP DBXT Ni 10US$ 8957 413.9 3.3 DBXT FTChina25 10US$ 2757 204.8 5.4 OCBCCai !.93%Pref10 8000 140.0 1.: DBXT MSAsExJi 10US$ 2333 126.4 3.9 GLD 10US$ 9200 95.9 0.7 OCBC Bk4.5%NCPS 100 9100 80.0 0.9 Emeri |in< |Mkts 1 786 77.0 7.2 DBXT MSKorea 10US$ 3538 75.5 1.5
      111 words
    • Article
      Lock icon FALLS
      119 8 DBXT S&P Short 10US$ CLOSE DOWN 6700-223.7 -2.2 UOB 1512 -54.0 -3.4 UOB.ES.0907 1506 -50.0 -3.2 Haw Par Con 474 -13.0 -2.7 STI 2500SGAePW*****9 34.5 -12.0 -25.8 UOB 5.05%NCPS 100 9930 -10.0 -0.1 Venture Co 790 -7.0 -0.9 Cosco Cor| 116 -6.0 -4.9 CoscoCon ES.0907 115 -6.0 -5.0 >re
      119 words
    • Article
      Lock icon CURRENCIES
      86 8 iere! S$ stands Jul 16 %CHNG CLOSE FR Jul 15 YR2009 S$ LOW S$ HIGH USS 1.4537 0.00 1.5579 1.4308 Euro 2.0475 -0.14 2.0732 1.9150 Pounds 2.3822 -0.07 2.4051 2.0356 AS 1.1611 0.03 1.1816 0.9453 Yen* 1.5521 0.04 1.7278 1.4831 Rupiah* 0.***** -0.27 0.***** 0.***** Baht* 4.2668 0.00 4.3390
      86 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Education provider tops Fastest Growing 50 ranking
      506 9  -  UMA SHANKARI SIM Pte Ltd, a unit of SIM Group, has CAGR of 820.8% over past 3 years By EDUCATION is a priority for Singaporeans. So it's no surprise that an education and training company topped this year's list ofthe country's Fastest Growing
      506 words
    • Article
      Lock icon Collective sales to trickle back into market, says Credo
      337 9  -  EMILYN YAP By PROPERTY consultancy firm Credo Real Estate expects collective sales to resurface this year or next, but not with the same intensity as in the boom years of 2006 and 2007. Some 5-10 collective sales may happen this year,
      337 words
    • Article, Illustration
      Lock icon Maybank Islamic deposit launched
      381 9  -  RACHEL SIM By MAYBANK Singapore is launching its first retail Islamic term deposit paying a return four times more than conventional fixed deposits. For a limited period, the Term Deposit-i will pay 0.6 per cent, one per cent and 1.4 per cent for tenures of three,
      FILE PHOTO  -  381 words
    • Article
      Lock icon Stanchart run caps participants at 50,000
      273 9 Move is to enhance race experience for marathon runners STANDARD Chartered Singapore Marathon has put a cap on the number of participants for this year's run. The aim is to enhance the race experience for runners, who have been increasing by about 10,000 each
      273 words
    • Article, Illustration
      Lock icon Advertising is key to growth
      235 9 A SURVEY of 25,420 consumers in 50 countries has found 70 per cent of them agree that advertising contributes to economic growth, and 80 per cent agree that it helps create jobs. The survey involving consumers from the Americas, Europe, Africa, the Middle East and
      I AFP  -  235 words
    • Article
      Lock icon Trade ministers to focus on downturn, recovery
      324 9  -  LEE U-WEN APEC MEETING By TRADE ministers from the 21 member countries ofthe Asia-Pacific Economic Cooperation (Apec) forum will be in Singapore next week for talks on the financial downturn and how to prepare for recovery. This is the first ministeri-al-level meeting Singapore
      324 words
    • Article, Illustration
      Lock icon Ngiam unimpressed by Jobs Credit scheme
      382 9  -  CHEWXIANG By THE government's Jobs Credit scheme is "one glaring example" of a misconceived stimulus programme, according to former top civil servant Ngiam Tong Dow. Writing in the July issue of Inter Se, a magazine published by the Singapore Academy of Law, Mr Ngiam
      FILE PHOTO  -  382 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTU, SingBridge ink MOU with Guangzhou
        52 9 NANYANG Technological University and Singßridge International Singapore have signed a memorandum of understanding with two Guangdong government bodies to collaborate on research, education and training in the proposed Guangdong Knowledge City. The MOU was sealed yesterday at the inaugural Singapore-Guangdong Collaboration Council meeting in
        52 words
      • Article
        Lock icon SEA's Ist gaming conference to be here
        42 9 SOUTH-EAST Asia's first gaming conference and exhibition Gaming Asia Expo/Gaming Leisure Conference will be held on Aug 19-20 at Singapore Expo. Global gaming experts and companies will converge on Singapore, showcasing the latest industry developments.
        42 words
      • Article
        Lock icon Trade fair for offices to be held at Suntec
        53 9 THE 10th Singapore Gifts Premiums Fair and 9th Stationery&OfficeLink Singapore's longest running and largest trade exhibition for gifts, promotional products, stationery, office products and supplies will be held from July 22-24 at Suntec Singapore. There will be 15 per cent more
        53 words
      • Article
        Lock icon Beijing firm appointed licensee for YOG
        45 9 BEIJING Huajing Culture Development has been appointed master merchandise licensee for the Singapore 2010 Youth Olympic games. The company, which was a licensee of the Beijing 2008 Olympic Games, plans to operate at least two dedicated stores in Singapore.
        45 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed sees US downward spiral slowing
      744 10 -AP But it expects jobless rate topping 10%, up from earlier estimate of 9.6% [WASHINGTON] The Federal Reserve expects the US economy to sink at a slower pace this year than it previously thought, but sees unemployment topping 10 per cent, according to a
      -AP; REUTERS  -  744 words
    • Article
      Lock icon Panel formed to examine cause of US crisis
      213 10 -NYT [WASHINGTON] Congressional Democrats announced on Wednesday that Phil Angelides, a former California treasurer, would lead a commission to examine the causes ofthe financial crisis. The vice-chairman of the panel, which has 10 members, will be Bill Thomas, the former Republican representative
      -NYT  -  213 words
    • Article
      Lock icon Warning on scramble for world's farm land
      506 10 -Reuters [SHARM EL-SHEIKH, Egypt] A scramble by wealthy states to snap up developing world farm land to ensure their own food security especially in Africa could trigger conflict in poorer countries, a UN official said on Wednesday. Sheila Sisulu, World Food Programme's deputy
      -Reuters  -  506 words
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      Lock icon Irish economy seen shrinking 7.9%
      510 10 AFP, Bloomberg [DUBLIN] Ireland's battered economy will shrink by 7.9 per cent this year before returning to growth in mid-2010, the country's top economic think tank forecast yesterday. "The contraction in the economy is expected to continue through this year and into next, with a
      – AFP, Bloomberg; BLOOMBERG  -  510 words
    • Article
      Lock icon Japan Inc leaning away from American business model
      678 10 Reuters [TOKYO] Leaders of Japan Inc believe that they have learnt a lesson from the global economic crisis namely that the US business model with its eye on short-term gains has failed and it's time to return to longer-term strategies. Recent remarks
      Reuters  -  678 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Manufacturing sales in M'sia dip 26% in May
      543 11  -  PAULINE NG But the RM36.6b amount is 2.2% higher than in April, shows Mier data By in Kuala Lumpur MALAYSIA'S manufacturing sales sagged almost 26 per cent in May to RM36.6 biUion (5514.9 billion) from a year ago. But their value was
      543 words
    • Article
      Lock icon Newmont's Indonesian unit valued at US$3.sb
      379 11 Reuters Valuation allows foreign owners of unit to sell stakes [JAKARTA] Indonesia's government and PT Newmont Nusa Tenggara (NNT), a local unit of Newmont Mining Corp, have agreed to value NNT's assets at U553.52 billion, the country's energy minister said yesterday. The agreement paves
      – Reuters  -  379 words
    • Article, Illustration
      Lock icon Crucial victory for Anwar in sodomy trial
      320 11 ■AFP [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim won a key ruling in his sodomy trial yesterday, forcing the prosecution to hand over evidence including video footage and medical reports. The High Court ordered government lawyers to produce witness statements and reports from
      ■AFP  -  320 words
    • Article, Illustration
      Lock icon Jakarta to send special forces to Freeport's gold mine
      530 11 -AP [JAKARTA] Indonesia is deploying police special forces to US-based Freeport's gold mine the world's largest after a wave of shootings at the remote facility, a police official said yesterday. The attacks along a road to the mine that began on
      -AP; AP  -  530 words
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      2256 11 m^j WATS ***mr~ J. X. M.. V^> Mv l 3 Toll free: 1800-289-8822* Email: notices@sph.com.sg» www.cats.com.sg IN THE MATTER OF I THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ;swHcS; fara credit industriel et commercial At an Extraordinary General Meeting of the kAhJ (A BANK INCORPORATED IN FRANCE)
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China warns Australia against interfering in Rio case
      687 12 AFP, AP, NYT, Reuters Foreign firms doing business in China were advised to respect Chinese laws [BEIJING] China warned Australia yesterday not to interfere in the case of a Rio Tinto executive held on spy claims, after Australian Prime Minister Kevin Rudd
      – AFP, AP, NYT, Reuters  -  687 words
    • Article
      Lock icon Special audit of five Indian telcos ordered
      330 12 Reuters Move aimed to check if there's any misreporting of revenue: minister [NEW DELHI] India has ordered a special audit of the country's five leading private-sector mobile telecoms firms to check whether there had been any misreporting of revenue, the junior telecoms minister
      – Reuters  -  330 words
    • Article, Illustration
      Lock icon Europe's MAN to buy 25% of China's Sinotruk
      459 12 Bloomberg, Reuters [HONG KONG] European truckmaker MAN SE is acquiring a 25 per cent stake in Sinotruk (Hong Kong) Ltd, paying 560 million euros (S$ 1.15 billion). The company will buy new and existing shares of Sinotruk, China's biggest heavy-truck maker, Mu-nich-based
      – Bloomberg, Reuters; BLOOMBERG  -  459 words
    • Article
      Lock icon India raises borrowing target for first half to bridge deficit
      491 12 Reuters [NEW DELHI] India ramped up its borrowing plan by nearly a quarter for the fiscal first half to September to bridge its growing budget deficit, but bond yields eased as the additional borrowing was below expectations. After a meeting
      – Reuters  -  491 words
    • Article
      Lock icon Mainland stocks to outperform their HK peers: HSBC
      602 12 Bloomberg Manufacturing and healthcare among shares bank favours [HONG KONG] China stocks traded on the mainland will extend gains over their Hong Kong-traded counterparts because trading restrictions shelter yuan-de-nominated A shares from the volatility of international markets, HSBC Global Asset Management said.
      – Bloomberg  -  602 words
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      940 12 d SATS IN THE MATTER OF BINTAI ENGINEERING SYSTEMS THE COMPANIES ACT, CAP. 50 TECHNOLOGIES LIMITED IN THE MATTER OF Incorporated in The Republic ol GLOBAL IMPLANT FORUM TEACHING Singapore (S) PTE. LTD. Company Registration No. *****6494K (IN MEMBERS' VOLUNTARY 149 Rochor Road #05-13/15 LIQUIDATION) Fu Lv Shou Complex, Singapore
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Threat to axe BOA chief was justified: Paulson
      469 13 -AP To renege on Merrill deal would be a 'colossal lack of judgment' [WASHINGTON] Former Treasury Secretary Henry Paulson says that he was justified last year in suggesting that Bank of America Corp's chief executive could lose his job if the bank
      -AP; AFP  -  469 words
    • Article
      Lock icon BOA under 'secret sanction'
      230 13 Bloomberg, Reuters [LONDON] Bank of America Corp is operating under a secret sanction from regulators which means that it must overhaul its board and take immediate steps to deal with any perceived risk and liquidity problems, the Wall Street Journal reported, citing people familiar with the
      – Bloomberg, Reuters  -  230 words
    • Article
      Lock icon iPhones, Blackerrys force Nokia to cut profit forecasts
      460 13 Bloomberg HELSINKI] Competition from the iPhone and the Blackßerry forced Nokia, the world's biggest maker of mobile phones, to reduce forecasts for market share and profitability. The market share will be little changed this year, compared with a previous forecast of an
      ■ Bloomberg  -  460 words
    • Article, Illustration
      Lock icon Thai poll panel seeks to disqualify 13 MPs
      248 13 -AP [BANGKOK] Thailand's Election Commission said yesterday it will recommend that the country's Constitutional Court disqualify 13 parliamentarians including a deputy prime minister for violating the Constitution. Election Commission secretary-general Suthipol Thaweechaikarn said the commission found that the parliamentarians violated the Constitution,
      -AP  -  248 words
    • Article
      Lock icon Thaksin fights bid to seize 76b baht of his assets
      330 13 Reuters [BANGKOK] Former Thai prime minister Thaksin Shinawatra yesterday challenged a move to seize 76 billion baht (553.2 billion) of his family's assets, which the government claims were gained through abuse of power. The former telecoms tycoon, whose assets have
      Reuters  -  330 words
    • Article
      Lock icon AIG selects a NY exchange to list Alico
      269 13 Reuters, Bloomberg [NEW YORK] American International Group Inc (AIG), the insurer divesting assets to repay a federal bailout, has selected a New York exchange to list shares of one of its largest non-US life units. A spokesman said that AIG is simultaneously
      Reuters, Bloomberg  -  269 words
    • Article
      Lock icon LDP stalwarts move to oust Aso
      595 13  -  ANTHONY ROWLEY BY. in Tokyo JAPAN'S state of political flux intensified yesterday as senior members of the ruling Liberal Democratic Party (LDP), which is headed by Prime Minister Taro Aso, moved to convene a special meeting ofthe party executive at which Mr Aso's resignation
      595 words
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  • WORLD
    • Article
      Lock icon CIT's future in doubt after aid is denied
      679 14 -MT Its plight is a test of the Obama administration's stabilisation efforts [WASHINGTON] The survival of one of America's largest commercial lenders, the CIT Group, was thrown into doubt late on Wednesday after federal officials rebuffed pleas to rescue the struggling company
      -MT |  -  679 words
    • Article
      Lock icon Judge rules against Citi in Wachovia case
      359 14 Bloomberg [NEW YORK] A US judge turned aside a claim by Citigroup in a US$4O billion lawsuit that Wachovia Corp breached an exclusivity provision of a scuttled 2008 merger agreement between the banks. Wells Fargo Co agreed to buy Wachovia in October after
      Bloomberg  -  359 words
    • Article
      Lock icon From 'rubbish' to all-time hit series
      460 14 Bloomberg [LONDON] David Heyman, the British producer behind the Harry Potter movies, ignored J X Rowling's first novel when a copy arrived at his office in 1997. He took notice only after a secretary raised her hand in a staff meeting to praise Harry
      – Bloomberg  -  460 words
    • Article, Illustration
      Lock icon Potter's midnight magic breaks record
      222 14 AFP -[LOS ANGELES] The sixth Harry Potter film raked in a staggering U5522.2 million in its midnight premiere on Wednesday, making box-office magic with the biggest such gross of all time, Variety reported. "In a massive start Harry Potter and the Half-Blood Prince easily scored
      AFP; BLOOMBERG  -  222 words
    • Article, Illustration
      Lock icon Britain doubling low-carbon power by 2020
      610 15 Reuters [LONDON] Britain wiU double the share of its electricity generated from low-car-bon sources by 2020 as part of plans to cut emissions and counter global warming, the government said on Wednesday. Energy and Climate Change Secretary Ed Miliband said that 40 per cent
      Reuters; BLOOMBERG  -  610 words
    • Article
      Lock icon Wal-Mart index to rate environmental impact
      663 15 -NYT It'll partner retailers, researchers to find how sustainable products are [NEW YORK] Wal-Mart, which has been venturing into environmentally sustainable products and business methods for the last few years, is about to announce its most ambitious effort yet on that front. And it
      -NYT  -  663 words
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      272 14 LUAUKK x. .aVw*&_.-. >J^v~ Jk \a\%%%%a^ W jfmmr mZdm- Uif L*V- i^^-^^^l P^i^^iH s^sV^s^sl i^PS^B s^s^^^^^B WmW^m^mmT^Lt^^^^ i^P^s^i^H MP^ WmWJ I mWSm.m\\WM^ mm^^^^jmm W\m "^W. VI H fe^V^V^^l r^fc. s^BsW Am Mm J VW^P^s^^PV^s^nlVl 9^^V B^^s^^^H Bw^Hßs^^BjiH^^HPP Hi^9V'^[^V^9^^E^^BLttHHLHe«LMiHLMLHL^[li ty^i, ,aj II CBtSBBI li ESS BSSffISSHH Hlllll m^j^f i *v BBbBeSS^I^B
      272 words
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      55 15 v LUAURY tof^l®)) Ww *mWa\g\\ '^^m^L^kw^Ltmmm I v IrWHrfflHTOW^^ IWBIWWiiTiFPW ~7 l"Ml)l 111 "•[-TTty:l. nj IrRVESffI s^HkTTt&STTi^sß^u^s^sl ft. ft m B S M 4 .^F "^^-mm-m^m—- '*^'m*m**^ ji»V^ jg j li, *-^p-^^^_l.^^—' .s^s^sl s^s^s^^ tf .lei I^^ J^m m^L^mtawm. I L ,1« mlm dm "m \> ir JL~^B. mndmm Ift.
      55 words
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      340 16 ~\> HBR^WsK^rVT^B^s^l 'VtJtk!t&f&^^ -ki^'^,^i~*r 7^xj£ "V W^AmmmM H^ V "'-V^ VV^^ 'i' ■fxi?) Congratulations to the 50 fastest growing companies SINGAPORE 1000 SINGAPORE SME 500 '09 RANK COMPANY NAME '09 RANK COMPANY NAME 1 SIM Pte Ltd 26 Felix Maritime Pte Ltd 2 International Paint Singapore Pte Ltd 27 Beyonics
      340 words
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  • FASTEST GROWING 50
    • Article, Illustration
      Lock icon Quality education sells
      634 17 SIM caters to unmet demand for further studies, hence its stellar performance, reports brittaimy khoo IN what comes close to irony, the top winner of the Fastest Growing 50 just did not have that end in mind. "Fast growth has never been our corporation's mission," says SIM
      634 words
    • Article
      Lock icon What makes a fast growing company
      396 17  -  UMA SHANKARI By A LOOK at Fastest Growing 50 (FGSO) award winners over the past five years reveals that Singapore's fastest and most dynamic growth companies share several traits. DP Info this year analysed the 250 companies that have made the list over the
      396 words
    • Article, Illustration
      Lock icon Focusing on its core competence
      505 18 Sing Holdings has achieved success through its in-depth knowledge, effective team, discipline and focus, reports braimdoim chew PROPERTY development and investment group Sing Holdings believes in focusing on but expanding within its core competence. Ranked fifth on DP Info's list of 50 fastest-growing companies, with
      YEN MENG Jll IM  -  505 words
    • Article, Illustration
      Lock icon Expanding despite the recession
      960 19 Sims set up a manufacturing plant in the Port Klang Free Zone last month, reports Michelle yeo DESPITE being a young company placed against the odds of volatile prices and current economic recession, Synergic Industrial Materials and Services (Sims) emerges as a winner due to its
      960 words
    • Article
      Lock icon FG50 more relevant in economic crisis
      530 19 THE Fastest Growing 50 (FGSO) certification has been a key corporate accolade for the past seven years. An annual initiative by the DP Information Group, the FGSO ranking recognises the top 50 companies based on their compounded annual growth rate (CAGR) in turnover over
      530 words
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      275 17 Success is a Journey, Not a Destination. For Your Continuous Pursuit for Excellence and Growth INTERNATIONAL ENTERPRISE SINGAPORE I I CONGRATULATES I t^^^^" I SINGAPORE'S FASTEST GROWING 50 WINNERS lii AET Tankers Pte Ltd Fortis Private Banking Singapore Limited Pacific Workboats Pte Ltd Allgreen Nutrition Pte Ltd Ho Bee Investment
      275 words
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      277 18 Pl<n r^L.l .'fc /5N ENTERPRISE W 9f— a^Lmm. a Entrepreneur /SrSsX I ft. &X^ ftp v^ m—..m—..HU—..—.—.m——.H—■— a. fr i d .r.r,: 17..-n.,.t,,-.rcs iMITOIMI uwJrimin ry|WJ|WTTyg>?l V--^ i™T«(«m~ Enterprising Spirit 200 a «>s l^wwtarfKH Monumental Growth Built on Solid Foundations P&N Holdings has been consistently turning in a high-flying performance.
      277 words
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      194 19 lr"~"" m jg Bit I V V H 1 W- jsa jk. "j-J Your achievements are our greatest reward At HSBC we constantly strive to satisfy our customers by investing in our people, processes, and technologies. The various public awards we receive naturally make us proud. But nothing gives us
      194 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Higher standards for financial advisers
      500 20 JUST as the Financial Advisers Act (FAA) was being drafted into law around 2001, there was some debate as to which type of institution bank or insurance company was more likely to succeed as a personal financial adviser. Both types of businesses are custodians and
      500 words
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      Lock icon Obama's uphill task in brokering M-E peace
      1113 20  -  LEON HADAR Erosion of America's global strategic and economic power may be a spanner in the works AFTER returning from a recent trip to the Middle East, in which I had an opportunity to interview several Israeli and Palestinian officials and political analysts,
      REUTERS  -  1,113 words
    • Article, Illustration
      Lock icon Japan taking same slippery bond path as America
      847 20  -  WILLIAM PESEK JR THE BOTTOM LINE INVESTORS who steer clear of Japanese debt do so at their own peril. So say bond aficionados such as Tomoya Masanao of Pacific Investment Management Co, which runs the world's largest bond fund. The Tokyo-based Mr
      847 words
    • Article, Illustration
      Lock icon Foreign banks – what do they bring to the table?
      1785 21  - Foreign banks what do they bring to the table? SASIDARAN GOPALAN RAMKISHEN S RAJAN Besides financing, they bring additional benefits not apparent in domestic competition By and UNTIL the mid-*****, the banking systems in most of Asia remained heavily regulated, and barriers to foreign competition were prohibitively high. However, in
      BLOOMBERG  -  1,785 words
    • Letter
      Lock icon The proper way to figure K-Reit Asia's dividend yield
      346 21 LETTERS TO THE EDITOR WE refer to the article, "Is there still trust in Reits?" by Roger Tan, vice-president of SIAS Research (BT Weekend, July 11-12). We would like to highlight that K-Reit Asia's annual dividend yield, published as 6.63 per
      346 words
    • Article
      Lock icon Companies should revalue assets to reflect true value
      309 21 I REFER to your article, "Is CX Tang value fully reflected?" (BT, July 15)." The article brought to mind another major retailer in Orchard Road which partially owns a property which is similarly undervalued and not fully reflected by the company. That
      309 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Airlines still bleeding in Q2: lata
      484 22  -  YEN SREENIVASAN Earliest upturn seen at end-2009 as environment remains challenging [SINGAPORE] The commercial aviation industry continued to report losses in the second quarter of this year, and conditions are unlikely to improve until year-end at least, says the International Air Transport Association (lata).
      AP  -  484 words
    • Article
      Lock icon Global air travel has not bottomed, data shows
      448 22  -  YEN SREENIVASAN Number of premium passengers in May down 23.6% [SINGAPORE] The latest aviation figures suggest that international air travel may not have bottomed out yet. Data from the International Air Transport Association (lata) for May indicates that earlier "stabilisation" in passenger
      448 words
    • Article
      Lock icon Water taxi service between Penang, mainland gets nod
      430 22 [GEORGE TOWN, Penang] The federal government has approved the concept of a water taxi service connecting Penang island and the mainland, says a report in the StarBiz. The tabloid said that the public can travel faster between various places on Penang island
      430 words
    • Article
      Lock icon Garuda won't rush to resume EU flights
      314 22 Bernama [JAKARTA] Garuda Indonesia, the country's national carrier, has no plans to move forward its initial schedule to fly to Europe early in 2010, its president director Emirsyah Satar said on Wednesday. "It will not be realistic if the plan to reopen the
      Bernama  -  314 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 22 '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 0.49 0.26 1.16 0.54 1.28 0.63 0.06 ....unch
        102 words
      • Article
        Lock icon KLSE
        31 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.96 8.60 8.55 3.16 2.74 0.02 0.01 0.05 unch 0.08 0.02 -0.01 478 917 130 365 2 4
        31 words
      • Article
        Lock icon BANGKOK
        12 22 ■oo ■recious Ship Jegional Cont 15.30 9.55 -0.20 -0.05 6144 1191
        12 words
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        Lock icon HONGKONG
        6 22 '000 toil .23.00 -10.80 2384
        6 words
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        Lock icon PHILIPPINES
        22 22 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 15.75 unch unch 0.10 unch unch unch 693 909 0 0
        22 words
      • Article
        Lock icon TAIPEI
        16 22 Evergreen Marine ....18.20 :irst Steamship 47.00 ManHai Lines 15.30 -0.25 -0.70 0.05 9 5 1
        16 words
      • Article
        Lock icon TOKYO
        40 22 '000 (awasaki Hvy Ind ..229.00 (awasaki Kisen 360.00 Mitsubishi Hvy 356.00 vlitsuiEng&Sbldg...214.00 vlitsui Osk Lines 585.00 Nippon Express 387.00 Nippon Yusen 399.00 'iource: Thomson Reuters 5.00 ***** 12.00 9923 3.00 ***** 7.00 6014 11.00 ***** -2.00 2531 1.00 *****
        40 words
    • Article
      Lock icon Lower 2009 cargo volume expected at Kuching Port
      184 22 Bernama [KUCHING, Sarawak] For the Kuching Port Authority (KPA), the January-June cargo volume figures point to a downtrend for the whole year, possibly lower than 2008. However, the expected decline in overall cargo volume is not surprising due to the current global
      – Bernama  -  184 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2724 22 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 Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,724 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8624 23 Transaction date: Jul 16 52-wks Tel |h Low Code Last Sale Vol ('000) Hi i Day Last Quote )h Low Buyer Seller Div Gr Yld C'vr Net P/E MCap $mil Hit Com[ >an] 9 3 3148 STelecom 9 2.5 5834 A-Sonic 24 12 5000 ABR Hldgs 13 5.5
      8,624 words
    • Article
      Lock icon SGX CATALIST
      1628 24 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld ('000) High Low Buyer Seller C'vr Net M Cap P/E Company Smil 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
      1,628 words
    • Article
      Lock icon SGX ETF
      403 24 Hit Low Code Comi Sale ('OOP) Hit Low Bui Seller C'vr P/E $mil 110 100 6389 ABF SG Bond ETF 877 427 CIMBAsean40 100US$ 246 149 DBS STI ETF 100 3600 3534 DBXT DJE50 10US$ DBXTDJE50Sh 10US$ 2801 1682 DBXTFTChina25 10US$ 5268 3228 DBXT FTVietnam 10US$ 2333 2246
      403 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; eri 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
      259 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9471 24 UNIT TRUSTS FUNDS I UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.826/ AIGIF Spore Bond Fund/A 1.281/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.95/ APS Alpha Fund (USD)!** 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5148/
      9,471 words
  • Page 23 Advertisements
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      46 23 AUDEMARSPIGUET _^^^kpmj \>^ Le maitre de I'horlogerie depuis 1875 V Hk '^SM^i/ f\ r| m_ JULES AUDEMARS \mm9^M* m *^k X" fr^COLLECTION "^X, Ml ,^mf V EQUATION OF TJME,I^E BPI N<3P4ffi&HM W THE SUN% For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com "^i^^^^ -V^^ 1 9a, €fc> 1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 15 World Index Preliminary 699.3 2.1 3.2 1.8 6.1 2.4 5.3 EAFE Preliminai 664.1 1.9 2.3 1.9 6.7 2.5 5.! Euroj Prelim inan 923.9 2.7 1.4 3.1 7.2 3.8 6.. Pacific
      362 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      124 25 As at 9am Jul 16 if foreign currency: Currencies Bid Offer lust dollar 1.1530 1.1880 .an dollar 1.2920 1.3070 luro 2.0330 2.0560 IZ dollar 0.9340 0.9530 iterlini md 2.3690 2.3960 IS dollar 1.4430 1.4590 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer Ihi
      124 words
    • Article
      Lock icon INTERBANK RATES
      163 25 Jul 16 Xierniqht 0.10 -month 7/16 :-months 9/16 l-months 11/16 Overnight mode: 0.10 IS$ Offer 0.06 3/16 5/16 9/16 Bid 1 days I month > months 1 months j months months 12 months tAu 0.35 0.41 0.55 0.65 1.00 1.60 1.70 Offer 0.25 0.31 0.35 0.45 0.80 1.20
      163 words
    • Article
      Lock icon STOCK INDEX FUTURES
      16 25 Jul 16 STI .IMSCI Jul 288.4 294.2 289.4 "aiwan Jul 243.5 249.9 247.0
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 16 S! Bid Offer 1-month 1.4524 1.4537 2-months 1.4525 1.4538 3-months 1.4524 1.4537 6-months 1.4525 1.4539 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      58 25 Jul 16 lelivery lonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position \ug09 2090 2063 2120 2063 1095 Sep 09 2085 2031 2106 2031 3547 3d 09 2085 2020 2100 2020 9215 tov09 2083 2025 2100 2021 3698 Total o/p: ***** contracts Turnover: *****
      58 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      292 25 Jul 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.4300 99.2000 98.9700 98.6450 9377 5273 2868 3230 EUROYEN TIBOR FUTURES SepO9 99.495 99.495 DecO9 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 99.495 99.495 99.530 99.545 99.525 99.470 99.425 99.340 99.280 215 400 140
      292 words
    • Article
      Lock icon SICOM FUTURES
      183 25 Jul 16 tUBBER Futures (Closing prices) ISS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l (lots) Aug 09 173.3 >ep 09 3ct 09 MOV09 170.0 Dec 09 170.0 Ian 10 170.5 171.2 170.0 168.2 170.5 171.2 172.0 170.5 170.0 170.0 171.0 324 20 30 106
      183 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 25 Jul 16 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi. Day's [h Low 3-Month BQ*****S 15.10.09 1-Year BY*****W 03.05.10 0.23 0.35 0.19 0.17 0.17 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
      92 words
    • Article
      Lock icon CHICAGO BOT
      99 25 Jul IS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 09 1020.50 1034.50 1063.75 1018.00 Sep 09 950.50 963.50 987.00 946.25 Nov 09 904.50 918.00 938.00 899.25 Jan 10 912.25 944.50 907.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 09 34.12 33.77 34.50 33.62 Sep
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Jul IS origin) t/barrel Close Cham irent blend (1-Mth F) 62.44 1.1i WTI (Near Mth) 61.80 2.3I )ubai (1-Mth F) 62.14 0.2' "apis blend 66.85 0.2 i/linas 63.30 0.2 1 >RODUCT JSS/barrel (FOB S'pore) Close Changi Naphtha Jet Kerosene 58.32 67.04 0.7" -0.2; USS/barrel )pec Oil Basket
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      Lock icon INTERBANK CROSS RATES
      447 25 Jul 16 luro ren Ion 'eso Earn 'ouni Australia 0.893 5.451 0.566 6.184 38.921 80.583 0.748 10.113 2.846 1.245 65.587 38.357 1.159 6.498 0.859 26.293 27.171 0.487 0.798 Canada 1.120 6.105 0.634 6.925 43.585 90.239 0.838 11.325 3.187 1.394 73.447 42.953 1.298 7.277 0.961 29.444 30.427 0.545
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      Lock icon SIBOR
      76 25 Jul 16 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      131 25 Jul 16 /oz) long Kong .ondon 927.60 935.00 928.60 936.00 Jul 14 Jul IS 924.30 939.20 925.10 940.00 Source: Thomson Reuters CAST BAR (SS) Jul 16 Buying Sellini Kilobar "46,945.18" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm JOgm OOgm oz ozUBS Kinebar™ 104.86 298.53
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      Lock icon INTERBANK CURRENCY RATES
      149 25 Jul 16 Zurrencies Bid Offer Bid Offer i$/US$ to one unit of foreign currency: Australian dollar 1.1586 1.1597 0.7978 0.7979 "anadian dollar 1.2974 1.2988 0.8933 0.8936 luro 2.0454 2.0475 1.4084 1.4087 IZ dollar 0.9302 0.9317 0.6405 0.6410 aterlini 2.3786 2.3813 1.6378 1.6383 IS dollar 1.4523 1.4535 i$/US$
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      Lock icon LONDON METALS
      64 25 Jul 15 luminium, 99.7% urity (USS/tonne) Close Previous .ash 1626.75 months 1655.00 1577.75 1605.00 Copper, Grade A (USS/tonne) ;ash months 5271.50 5260.00 5066.00 5045.00 .ead (USS/tonne) .ash 1612.00 months 1635.00 1572.75 1595.00 lickel (USS/tonne) ]ash I months *****.00 *****.01 *****.00 *****.01 'in (USS/tonne) .ash *****.00 *****.01 months *****.00
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      Lock icon LIFFE
      74 25 Jul IS (£/tonne) Close Prev Hii ih/Low lul 09 1692 1729 1734/1689 iep09 1724 1750 1763/1720 Dec 09 1730 1752 1764/1726 War 10 1731 1752 1760/1725 IOFFEE (US$/tonne) Close Pev High/Low lul 09 1399 1376 1395/1390 iep09 1410 1387 1410/1393 Mov09 1429 1410 1430/1417 SUGAR (US tonne) White Close
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2301 25 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left Asia-Pacific Strategic Wl***** 3.5 165 1 15 9 4.86 58 2036 Advance SCT Ltd W*****9 0.5 1 87 1491 11.00 13 Allgreen Prop.ES.0907 98 AscendasReit.ES. 0907 167
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      2932 26 -m The Business Times Shipping times KPP W\\ WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M r^« a^^^V RV K.%..E SBB^frTfxajMljLl \TkT\iaiam uai i iiirr TEL *****588 "4LINES) FAX:6224"63 1 In/" lilt IiTCjIIH nUn!E!^ni!nmH<HPß<«nP9 HHinlfM'M<lll^ffiWWPV Y\^»vtt I WAN HAI INtj PKL nL: (03l *****388 FAX: CO3) *****288 PEN lEL: (04)
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      3527 27 r^VHßß3Hlll.l^l9iH^l n E EASTERN car LINER, LTD SJiJJ r//^ |f-~— 1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE KSttSt* T-r B2aiMl Li"i °q'KT> —Mr, W77T, TT^- »l.<-.:. aiXEPnm, o.iiiahiertj. m »ll h.iriherh <iid wemerii iiidmii icp poiiht. Slue j To g—s^—p^-^ 2 E E—^
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  • executive lifestyle
    • Article
      Lock icon Strictly for the birds
      552 28 nSSST. Polly wants a cracker. Squawk! Polly wants a cracker. Polly m wants an investigation! That's right. I, as the chief accountant policing the financial affairs of certain administrations of the feathered kind, am acting on a tip-off that all is not kosher behind the upcoming
      552 words
    • Article, Illustration
      Lock icon Tastemaker marketing
      1389 28 Tupperware parties aren't just for the homewares manufacturer luxury labels have polished up the concept and are getting in on the act too. AUDREY PHOON reports THE scene resembles that of a classic Tupperware party: A group of friends has an intimate gathering at a host's home; they
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    • CINEMA/GAMING
      • Article, Illustration
        Lock icon It's a kind of magic
        793 29 The Harry Potter series has progressed from fantastical children's fare to a gothic thriller, says AMANDA DE GUZMAN LIKE the wizard boy wonder himself, the Harry Potter movies show everyone how it should be done. Usually, when a franchise gets bigger and richer, it becomes
        BLOOMBERG; REUTERS  -  793 words
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        Lock icon Linger a little longer in Harry's world
        537 29  -  CHRISTOPHER LIM By THE great thing about movie tie-in games is being able to immerse yourself in a story that went by a bit too quickly onscreen. The sixth Harry Potter movie was launched this week to record-breaking ticket sales, and it's a
        537 words
      • Article, Illustration
        Lock icon Bollywood meets kung fu
        472 29  -  CHRISTOPHER LIM DVD REVIEW By WHEREVER you turn, a Bollywood movie is being made. From Paris to China, that inimitable genre of Hindi cinema is becoming startlingly cosmopolitan. Whatever happened to dancing around a palm tree in someone's back yard? Chandni Chowk To China is the
        472 words
      • Article, Illustration
        Lock icon A ludicrous premise milked dry
        546 29  -  GEOFFREY EU By JASON Statham may be forever destined to be cast as the Cockney-accented, trig-ger-happy, archetypal tough guy in B-movie (or worse) action franchises, but as an actor who does his own impressive stunts he can hardly be accused of failing to give moviegoers
        546 words
    • MUSIC/WINE
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        Lock icon Beverage brands making music here
        835 30 Red Bull, Hennessy and Heineken look to music to boost branding, reports CHRISTOPHER LIM WHAT'S the first thing you think of when you hear cut-ting-edge tunes? Three brands are banking on your answer being Red Bull, Hennessy and Heineken, thanks to their serious efforts in
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      • Article, Illustration
        Lock icon They're local, indie and quite impressive
        694 30  -  CHRISTOPHER LIM CD REVIEW The Uncanny Tree Of Fractured Hearts Another Sunday Afternoon Rating: BFor, Nikette Frehley Ugly In The Morning The Enigmatic Army Rating: B+ Simple Living Faith Yang Rebirth Rating: B Zee Avi Zee Avi Brushfire Rating: B+ ONE of the biggest
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      • Article, Illustration
        Lock icon In search of the wine maker's holy grail
        998 30  -  N KYONG By IT says volumes for the development of wine appreciation in Singapore that the main wines served at the majority of the dinners that I have had the pleasure of partaking are Burgundies. I am also informed by the trade
        998 words
    • ARTS
      • Article, Illustration
        Lock icon A play seen through the film-maker's eyes
        739 31 Original scripts are flourishing of late, directed also by new directors to the theatre scene. CHEAH UI-HOON catches up with two directors who look set to inject some fresh perspectives as they don't come from the traditional theatre background THE usual crossover between
        ARTHUR LEE; : I t ARTHUR LEE (  -  739 words
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        Lock icon Sounding good on stage
        555 31 WITH more than 10 years of radio DJ experience under his belt, Danny Yeo's first full-length drama directorial debut can be expected to "sound" good. "I'm sensitive to the music and the soundscape, yes, and also how the actors say their lines; their pronunciation, articulation and
        555 words
      • Article, Illustration
        Lock icon Laugh – and that's an order
        589 31  - Laugh and that's an order AMANDA DE GUZMAN By IF Wild Rice's double-bill production of Own Time Own Target is anything to go by, national service is a comedic gold mine. With their revised versions of Full Tank and Botak Boys the shows were part of a sold-out triple bill
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    • NIGHT OUT
      • Article, Illustration
        Lock icon Life is a beach, and then you renovate
        571 32 By next March, Tanjong Beach at Sentosa will be revitalised by the 20,000 sq ft Tanjong Beach Club, reports MELISSA LWEE SENTOSA looks set to be quite the destination next year, and it's not just the integrated resort that's creating the most
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      • Article, Illustration
        Lock icon Michel Lu back in club scene with Stereolab
        555 32  -  MELISSA LWEE By RESTAURATEUR and nightlife veteran Michel Lv is one busy man indeed. Hot on the heels of the launch of Cafe Hacienda at Dempsey last Tuesday, Mr Lv announced that his much anticipated return to the nightclub industry will take
        555 words
  • Page 28 Miscellaneous
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  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      351 30 CRYPTIC CROSSWORD i |2 |3 ~"p 15 He Wp zizizizdzizlJz ■10 I I \\m bt^hb h BB I W 26" I I W\ 2s ACROSS 4 Doctor on morning rounds (4) I One who's out and about (11) 5 Jumper with a pocket (8) 9He always ends up in the
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  • Page 31 Miscellaneous
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      487 31 Visual statements of excess CHRISTINE Ay Tjoe's exhibition Eating Excess at STPI interrogates our understanding with consumption and probes into our complex «mmb relationship with food that shapes our identity and societal values. These 33 works (including the one at right) produced during Ay Tjoe's I I residency at STPI
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      34 32 KNIGHTSBRIDGE WF^mmw mLm\Wm Ita^M mm\ W£sk. ImWWX mmti/mT m m 111 I if j|V 51 J j^ M"'f\ **si.\tmmam BB**S»s |R*->- 2 7 0 ORCHARD ROAD SINGAPORE V CREATED BY PARK HOTEL GROUP WWW.KNIGHTSBRIDGE.COM.SG
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      13 32 A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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