The Business Times, 30 July 2009

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Microfilm: NL30092
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    42 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, July 30,2009 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO regn no *****2868E mica(p) 197/OBQOOB Thursday, July 30,2009
    42 words
  • Article, Illustration
    Lock icon Temasek mulls joint investments with public
    718 1  -  CONRAD TAN Portfolio lost more than $40 billion over the year to end-March, Ho Ching reveals By [SINGAPORE] Temasek Holdings may open its doors to co-investments from the general public within the next decade to broaden its stakeholder base, chief executive Ho Ching said
    AFP  -  718 words
  • Article
    Lock icon Speculation creeping back into market: Mah
    684 1  -  EMILYN YAP Govt will act if housing market overheats; supply pipeline is strong By [SINGAPORE] Speculation is trickling back into the property market and the government is watching the situation closely, National Development Minister Mah Bow Tan said yesterday. The authorities will take action
    684 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      47 1 Inesi lay lange 1COMP 1,164.48 -7.9 IIKKEI225 10,113.24 +25.98 1ANG SENG 20,135.50 -489.04 ;et index 614.88 -7.08 JAKARTA COM P 2,225.81 -11.36 IANILACOMP 2,803.39 +34.63 ;eoulcomp 1,524.32 -1.71 ;henzhen b 531.07 -24.14 IUMBAI IND 15,173.56 -158.48 12 noon EDT Change )OW 9,059.16 -37.56 IASDAQ 1,964.52 -10.99
      47 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.962 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.442 (US$/S$ per 1.637 2.361 ;URO (US$/S$/E) 1.416 2.042 Foreign currency per US$ S$ 'EN 94.40 65.50 3.533 2.450 IK$ 7.750 5.375 !AHT 34.01 23.59 lUPIAH 9,970 6,915 lENMINBI 6.833 4.739 INDIAN RUPEE 48.42 33.58 1.218 0.845
      42 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      47 1 JV^p INTERNET BizlT SINGAPORE jt COMPANIES Microsoft, Yahoo India's Patni to set up INTERNATIONAL o^k Investors' body hits out JsSiS^f agree on search deal regional HQ here Healthcare providers ifsSlfeJri at lings' exit offer RAGE 2 PAGE 25 going global PAGE 10 'J.^ JnLJ ll^ PAGE 2
      47 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      20 1 Negative bonuses for Temasek staff for second year PAGE 2 Full text of Ms Ho's speech PAGES 18 and 19
      20 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Investors' body h its out at Tangs' exit offer
      649 2  -  JAMIE LEE CX Tang minority investors should have been offered a higher price, it says By [SINGAPORE] The Securities Investors Association (Singapore), or SIAS, has hit out at the delisting proposal by the Tang brothers, saying that the exit offer has
      LIANHE ZAOBAO  -  649 words
    • Article
      Lock icon Microsoft and Yahoo embrace in search deal
      654 2 -AP, Bloomberg Yahoo gets revenue, Microsoft gets wider search audience [SAN FRANCISCO] Microsoft Corp has finally roped Yahoo Inc into an Internet search partnership, capping a convoluted pursuit that dragged on for years and finally setting the stage for the rivals to make
      -AP, Bloomberg  -  654 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Temasek mulls joint investments with public
        95 2 TEMASEK Holdings may open its doors to co-investments from the general public within the next decade to broaden its stakeholder base, chief executive Ho Ching said yesterday. It is still unclear how such investments would be made, but Ms Ho said that Temasek would
        95 words
      • Article
        Lock icon Speculation creeping back into property market: Mah
        54 2 SPECULATION is trickling back into the property market and the government is watching the situation closely, National Development Minister Mah Bow Tan said yesterday. The authorities will take action should the market overheat but home seekers should also be careful about making purchases,
        54 words
      • Article
        Lock icon Investors' body hits out at Tangs' exit offer
        77 2 THE Securities Investors Association (Singapore), or SIAS, has hit out at the delisting proposal by the Tang brothers, saying that the exit offer has ignored the interests of minority shareholders. The investor rights watchdog has requested a meeting with the board of
        77 words
      • Article
        Lock icon Microsoft and Yahoo embrace in search deal
        46 2 MICROSOFT has finally roped Yahoo into an Internet search partnership, capping a convoluted pursuit that dragged on for years and finally setting the stage for the rivals to make an all-out assault on Google's dominance. TOP STORIES, PAGE 2
        46 words
      • Article
        Lock icon Wary investors send China stocks down 5%
        61 2 CHINA'S stocks yesterday plunged the most in eight months on concern this year's rally has outpaced prospects for earnings growth. The Shanghai Composite Index lost 171.94 points, or 5 per cent, to 3,266.43 at the close, its biggest decline since Nov 18 and
        61 words
      • Article
        Lock icon AWT team narrowly fends off ouster bid
        70 2 THE management of Asia Water Technology has narrowly survived a campaign to oust it, while shareholder Kareti Venkataramana has been denied a board seat. At a lively extraordinary general meeting yesterday, investors holding 55 million shares or just over 50 per cent of
        70 words
      • Article
        Lock icon Lian Beng full-year profit jumps 43%
        65 2 LIAN Beng Group posted a 43 per cent jump in full-year net profit thanks to higher revenue from its construction division. Net profit attributable to shareholders for the 12 months ended May 31 surged to $17 million from $11.9 million the previous year following
        65 words
      • Article
        Lock icon Boustead plans to raise up to RM1.3b this year
        91 2 MALAYSIA'S Boustead Holdings Bhd plans to raise as much as RM1.33 billion (***** million) from stock and asset sales this year to repay debt and fund expansion. The plantations and property group hopes to conclude talks to sell its stake in
        91 words
      • Article
        Lock icon China's biggest homebuilder jumps 56% on debut
        69 2 CHINA State Construction Engineering Corp jumped 56 per cent on its first trading day in Shanghai as confidence in the nation's economic recovery stoked demand for the world's largest initial public offering in 16 months. Beijing-based State Construction, the nation's biggest homebuilder, rose
        69 words
    • Article
      Lock icon Negative bonuses for Temasek staff for second year running
      483 2  -  CONRAD TAN Ho Ching hints at possible changes to current pay structure By [SINGAPORE] Temasek Holdings staff will be paid "negative bonuses" for the second year in a row after its investment return fell below its risk-adjusted cost of capital, chief
      483 words
    • Article, Illustration
      Lock icon Madoff surprised he wasn't caught sooner
      414 2 -Reuters [LOS ANGELES] Bernard Madoff, the financier convicted for Wall Street's biggest investment fraud, was surprised that his US$65 billion Ponzi scheme was not uncovered sooner, he said in his first interview since entering prison. Madoff, the 71-year-old Wall Streeter who drew 150 years'
      -Reuters  -  414 words
    • Article, Illustration
      Lock icon Wary investors send China stocks down 5%
      524 3 Rich valuations and recent strong price gains give investors pause [SHANGHAI] China's stocks plunged the most in eight months on concern this year's rally has outpaced prospects for earnings growth. The Shanghai Composite Index lost 171.94, or 5 per cent, to 3,266.43 at
      REUTERS  -  524 words
    • Article
      Lock icon BMW to pull out of Formula One in November
      350 3 Bloomberg [MUNICH] Bayerische Motoren Werke AG will quit Formula One in November, becoming the second carmaker in less than a year to withdraw from the auto-racing series amid slumping sales. Ferrari SpA, Renault SA and Toyota Motor Corp are among the
      – Bloomberg  -  350 words
    • Article
      Lock icon Japanese car giants pin hopes on China
      469 3  -  ANTHONY ROWLEY Honda, Nissan stay in the black, Toyota results due soon By in Tokyo JAPAN'S big three motor makers Toyota, Honda and Nissan continue to suffer falling output at home and generally slumping exports but all are pinning their hopes on continued
      469 words
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      1479 3 V<27 rT/A^FTinrr Tollfree:1800-289-8822 W IVI I I k( V Email: notices@sph.com.sg J_ V^>/ J_ J_ V_> 1> kj www.cats.com.sg LAND BANK OF TAIWAN Head Office No. 46, Guancian Rd., Jhongjheng District, Taipei City *****, Taiwan (Republic of China) Singapore Branch 80, Raffles Place, #34-01, UOB Plaza 1, Singapore *****4. Tel:
      1,479 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon AWT team narrowly fends off ouster bid
      580 4  -  OH BOON PING Shareholder Kareti Venkataramana also fails to secure board seat at lively EGM By THE management of Asia Water Technology (AWT) has narrowly survived a campaign to oust it, while shareholder Kareti Venkataramana has been denied a board seat. At a
      FILE PHOTO  -  580 words
    • Article
      Lock icon Mercator Q1 net profit dives to US$10m
      381 4  -  VINCENT WEE By THE prolonged downturn in the bulk market has taken its toll on India-focused dry bulk player Mercator Lines (Singapore). Net profit for its fiscal first quarter ended June 30 plunged by more than half to US$lO million from U5523.2 million
      381 words
    • Article
      Lock icon Coal, sand and stone spell good times for Marco Polo
      626 4  -  VINCENT WEE TO THE casual investor, there may seem little connection between an El Nino-related prolonged dry season in Indonesia and the marine industry. But if one looks closely at specific segments, there may be interesting opportunities to be discovered.
      626 words
    • Article
      Lock icon Starhill Global DPU rises 6.7% in Q2
      306 4 STARHILL Global Reit has announced a distributable income of $18.4 million for the second quarter of 2009 with a distribution per unit (DPU) of 1.90 cents, 6.7 per cent higher than for the previous corresponding period. The latest distribution represents a yield of
      306 words
    • Article
      Lock icon Lian Beng's FYO9 profit rises 43% to $17m
      588 4  -  JAMIE LEE Jump due to higher revenue from its construction division By LIAN Beng Group posted a 43 per cent jump in full-year net profit thanks to higher revenue from its construction division. Net profit attributable to shareholders for the 12 months
      588 words
    • Article
      Lock icon Rowsley proposes rights issue with warrants
      339 4  -  CHEN HUIFEN By INVESTMENT company Rowsley has proposed a rights issue to raise net proceeds of up to $14.9 million. The issue comes with free warrants which could potentially raise another $38 million. The renounceable, non-underwritten issue will be on the basis of two
      339 words
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      53 words
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      271 5 Va&aßi at Balmoral A BRAND-NEW RESIDENCE NOW LAUNCHED. pKj|i"^a^^^^^ Lushness. Beauty. Tranquility. Capture it all in one sweep. w-p^ w"" ~^^tJS^^f^^!ii^^ FREEHOLD, premium address in District 10 JSy^"' S? M Encircled by lush, picturesque views of greenery and Goodwood Hill estate ii mmm B c 3 mins to Orchard Road
      271 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Shanghai sell-off ends liquidity rally
      550 6  -  OH BOON PING STOCKS STI sheds 19.98 points with UOB, DBS among the top losers, as shares dive across Asia A SELL-OFF on Shanghai's stock market triggered off a domino effect across Asia yesterday, after stocks punched to a 10-month high just a day earlier.
      : Bloomberg  -  550 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 10 6 0 0 0 2 10 6 lanufacturing 48 102 52 10 56 112 61 Commerce 11 39 22 14 48 25 )t/Stor/Comms 26 27 :inance 17 17 Construction 17 17 'roperties 30 30
      92 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      106 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 30,551 30,551 88,749 88,749 lanufacturing 786,782 30,489 817,271 398,992 1,293 400,285 lommerce 296,367 9,084 305,451 125,042 4,009 129,051 'pt/Stor/Comms 225,406 2,996 228,402 393,033 747 393,780 :i nance 41,620 41,620 354,848 354,848 lonstruction 105,691 5,733 111,424 26,282 329 26,612 'roperties
      106 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 6 lapitaLand 4.000 -0.060 Noble Grp 2.010 -0.050 lapitaMall 1.600 -0.020 OCBCBk 7.550 -0.030 jtyDev 9.940 -0.100 Olam 2.550 -0.050 lomfortDelGrc 1.440 -0.020 SGX 8.520 -0.260 losco Corp 1.310 -0.030 SIA 13.340 -0.200 IBS Grp 13.360 -0.360 SIAEngg 2.680 -0.160 :&N 4.030 -0.080 SMP.T 1.730 -0.020 ienting
      103 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      782 6  -  JOYCE HOOI Synear Food Holdings July 29 close: $0.27 CIMB-GK RESEARCH, July 29 IMPACT of switch to mass market segment likely cushioned by average selling price (ASP) and margin management. While management had previously given a bleak sales outlook and guided for a switch in focus to lower-margin,
      : Bloomberg; Bloomberg  -  782 words
    • Article, Illustration
      Lock icon US dollar rises as risk appetite falls
      502 6 Reuters CURRENCIES [LONDON] The US dollar rose broadly yesterday, recovering from its recent weakness as a rally in oil prices and stock markets stalled, reviving safe-haven demand for the greenback. Falls in US equity futures DJcl and a hefty 5 per cent drop
      ■ Reuters; BLOOMBERG  -  502 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 6 Jul 29 VALUE CLOSE BT OB/OS 1212.00 -472.0 BT CADI -*****.00 -203.0 BT 10-day MA -*****.00+121.0 FTSE ST Mid Cap 580.49 -0.69 FTSE ST Small Cap 505.02 -2.08 FTSE ST All Share 635.59 -4.14 FTSE ST China Top 277.85 -2.66 FTSE ST China 272.09 -3.47 FTSE ST
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Golden Aqri 258,845,000 China Honqxinq 157,990,000 Gentinq SP 134,899,000 FrasersComm 71,632,000 Lifeßrandz 65,874,000 IndoAqri 57,979,000 Lifeßrandz R 50,350,000 Cosco Corp 49,586,000 CapitaLand 38,934,000 SingTel 37,144,000 VALUE(S) DBS Grp 161,749,620 CapitaLand 156,610,101 SingTel 127,826,912 Gentinq SP 113,552,411 Golden Aqri 106,734,800 IndoAqri 86,366,210 SGX 66,836,710 UOB 66,588,160 Cosco
      55 words
    • Article
      Lock icon RISES
      103 6 CLOSE UP 1100 190.0 20.9 BMT DBXT MSKorea 10US$ 3858 185.9 3.5 JMH 2918 155.7 3.8 DBXT S&P Short 10US$ 6389 72.1 0.8 Great Eastern 1460 70.0 5.0 STXPO 100 1384 64.0 4.8 Venture Con 859 38.0 4.6 Creative Tech 424 29.0 7.3 JSH 1600 28.8 1.3 OCBC Bk5.1%NCPS
      103 words
    • Article
      Lock icon FALLS
      109 6 CLOSE DOWN 9274-350.2 -2.6 iBXT Ni 10US$ GLD 10US$ 9200-247.9 -1.8 DBXT FTVietnam 10US$ 4600-154.2 -2.3 MS India 10US$ 1236-134.0 -7.0 DBXT FTChina25 10US$ 2980-132.6 -3.0 China H 10US$ 1561 -56.2 -2.4 UOB 1688 -50.0 -2.9 SGX.ES.0907 840 -38.0 -4.3 iBS Gri 1336 -36.0 -2.6 SGX.ES.0908 857 -30.0 -3.4
      109 words
    • Article
      Lock icon CURRENCIES
      86 6 Where S$ stands Jul 29 CHNG CLOSE FR Jul 28 YR2009 S$ LOW S$ HIGH USS 1.4422 -0.21 1.5579 1.4308 Euro 2.0410 0.67 2.0732 1.9150 Pounds 2.3641 0.58 2.4051 2.0356 AS 1.1842 1.19 1.1985 0.9453 Yen* 1.5218 -0.14 1.7278 1.4831 Rupiah* 0.***** 0.24 0.***** 0.***** Baht* 4.2405 0.01 4.3390
      86 words
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  • COMPANY NEWS
    • Article
      Lock icon Buy Asian stocks on dips: Merrill, Barclays
      651 7  -  GENEVIEVE CUA Equities ex-Japan are up 49% from March, markets look fairly valued By INVESTMENT strategists from two banks are calling on investors to buy Asian equities on dips as valuations are no longer cheap. Stephen Corry of Merrill Lynch Global Wealth Management,
      651 words
    • Article
      Lock icon OCBC clears first yuan trade settlement
      337 7 OCBC Bank said yesterday that it has successfully processed the first yuan-de-nominated trade transaction and opened the first yuan account under its pilot run in China. This comes three weeks after OCBC announced that it has become the first Singapore bank to participate in
      337 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hisaka bags $7m equipment contract
        58 7 AUTOMATION solutions provider Hisaka Holdings said it has clinched a $7 million deal to supply and deliver medical equipment to a customer in Singapore. The contract will last until June 23, 2012 and is expected to have a positive impact on the group's annual financial
        58 words
      • Article
        Lock icon Fund converts notes into 25m Ipco shares
        68 7 IPCO International yesterday said Advance Opportunities Fund has exercised its right to convert 10 Notes, which are part of the $60 million unsecured equity linked redeemable structured convertible notes due 2013. The converted notes, with an aggregate principal value of $500,000, will be
        68 words
      • Article
        Lock icon Transcu reports US$7.3m Q1 loss
        63 7 BIOTECH firm Transcu Group has posted a Ql net loss of US$7.3 million, higher than the loss of US$5.3 million incurred in the year-ago period. This was despite a 55.4 per cent increase in revenue to US$l.4 million for the three months ended June. Selling
        63 words
    • Article
      Lock icon Xpress sells one-third of stake in China associate
      318 7 PRINTING company Xpress Holdings Ltd announced yesterday that it has sold a 10.1 per cent stake, or about a third of its original equity holdings, in its China associated company and print partner Shenzhen Jiaxinda Printing Co Ltd for 37.9 million yuan
      318 words
    • Article
      Lock icon Icpas names members of standards setting committee
      243 7  -  CHEW XIANG By THE Institute of Certified Public Accountants of Singapore (Icpas) yesterday announced members of its standards setting committee appointed under a new nomination process. The process was put in place to give the Accounting and Corporate Regulatory Authority of Singapore (Acra)
      243 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      441 7 IN THE MATTER OF V> 3 THE COMPANIES ACT, 4 m.- !Jk CHAPTER 50 Jf^M i INTHEMAnEROF i t SWITCHCORE SINGAPORE PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****1956W) J 1 li'hlHfUffll'iHii'H Notice is hereby given that pursuant to Section 308 of the Companies Act Chapter 50, the
      441 words
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      1692 7 W*Z7 rTK^TT/nrP Tollfree:1800-289-8822 V IVIII l-f V Email: notices@sph.com.sg JL^I V->/ JL i V._f< 1 www.cats.com.sg ÜBAM SICAV 18, boulevard Royal L 2449 LUXEMBOURG R.C. Luxembourg N° B 35.412 INFORMATION AND NOTICE TO THE SHAREHOLDERS The Board of Directors of the Sicav ÜBAM informs you herewith on decisions In order
      1,692 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Property developers celebrate Tower One topping out
      224 8 KEPPEL Land, Cheung Kong (Holdings) and Hongkong Land jointly celebrated the topping out of Tower One at Marina Bay Financial Centre (MBFC) yesterday. National Development Minister Mah Bow Tan was guest of honour at the event. Tower One achieved a 100 per cent
      LIM KOK MENG/LIANHE ZAOBAO  -  224 words
    • Article
      Lock icon Ambitions for overseas degrees undeterred by downturn
      256 8 DESPITE the downturn, young Singaporeans appear determined to pursue an education overseas. Singapore Press Holdings unit CATS Recruit, which surveyed students at the recent Scholars' Choice Preview Top University fair, found that half of them are seeking a scholarship to study abroad, while
      256 words
    • Article
      Lock icon New graduate pay levels unaffected by crisis
      433 8  -  JOANNE TANG By THE banking crisis has not eaten into the starting pay of finance, accounting and engineering graduates, a survey by Hay Group has found. Average monthly starting pay for finance and accounting graduates remained unchanged from 2008 at $2,500 in May
      433 words
    • Article, Illustration
      Lock icon US$45m Equinix data centre opens
      541 8  -  ONG BOON KIAT US vendor plans to expand its 2nd facility here in Q2 next year, at a cost of USs3sm By DATA centre services provider Equinix yesterday opened its second Internet Business Exchange (IBX) data centre, a US$45 million investment which is expected to
      541 words
    • Article, Illustration
      Lock icon Cultural ambassador wins achiever award
      315 8  -  BRANDON CHEW By CULTURAL stalwart Som Mohamed Said is the winner of the Berita Harian (BH) Achiever of the Year Award 2009. She is the second woman to win the award, after NTUC assistant secretary general Halimah Yacob. Mdm Som received her award from National
      BRYAN VAN DER BEEK/THE STRAITS TIMES  -  315 words
    • Article
      Lock icon HK's Brightoil seeks on-shore tanks for S'pore bunker ops
      569 8 -Reuters [SINGAPORE] Hong Konglisted Brightoil Petroleum (Holdings) Ltd is seeking landed tanks in Singapore to store fuel oil as it prepares to sell marine fuel in the city-state before year-end, industry sources said yesterday. It received in-principle approval on May 29
      -Reuters  -  569 words
    • Article, Illustration
      Lock icon Tru-Marine – Building a brand based on trust
      1152 9 Tru-Marine Building a brand based on trust It delivers value in the form of timeliness and quality of work, report jiang ruiming, nguyen tung anh and pham quang dat TRU-MARINE Pte Ltd, having just won its fourth Enterprise 50 Award in 2008, is an impressive SME with more than 30
      1,152 words
    • Article, Illustration
      Lock icon More than 20,000 helpers seen for YOG
      478 9  -  LEE U-WEN Scores of firms, 3,000 people showed up at volunteer event By ANY doubts about whether Singapore could mobilise enough volunteers for next year's inaugural Youth Olympic Games (YOG) have been put to rest. More than 20,000 people are expected to volunteer
      FILE PHOTO  -  478 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      140 9 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2009 Published every Tuesday and Thursday, this series is part of the Enterprise 50 Educational Project between the E5O partners and the NUS Business School. Tru-Marine was among the E5O winners in 2008. The annual E5O ranking is co-organised by The Business Times and KPMG,
      140 words
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      Lock icon Page 9 Advertisements Column 2
      82 9 iniltahla 1 **"J iTj THE HEARTBEAT OF THE INDIAN COMMUNITY PffiW INDIA IS HOT mm^^ Why are overseas ■V97Htn9^ ltf investors SW"PwN^?^mTS rushing in? S^^^^Em^*^^^ *\^^^ia2*m^k^tff*f.^Uri^^^^^^^R lawk <S* W" 5Cs are not enough ;r t?^> f bania YOUIIT Jbv SIZZLES W^^ Log on to http://cling.omy.sg now! 3!*" JtW 'M mk
      82 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Healthcare providers going global
      985 10 IE Singapore estimates that 19 Singapore-based companies have operations in 15 countries, reports CHUANG PECK MING PATIENTS from as far as India have been flocking to Singapore for medical treatment for decades. Increasingly, many can now save the trip. While still drawing regional patients to Singapore,
      FILE PHOTO  -  985 words
    • Article, Illustration
      Lock icon AsiaMedic sets its sights on regional markets
      372 10  -  CHUANG PECK MING By ASIAMEDIC, which is listed on the Singapore Exchange (SGX), made news in January when it clinched a deal in Abu Dhabi to set up and run a wellness and diagnostic centre there. "The centre will comprise lifestyle medical clinics
      372 words
    • Article, Illustration
      Lock icon Fitting the bill during hard times
      682 10  -  CHUANG PECK MING nova Health has devised products for clients who are now on a tighter budget By THE healthcare business is not as recession-proof as many people think. While people don't stop seeing a doctor or seek medical attention when they are sick,
      682 words
  • Page 10 Advertisements
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      214 10 f I IE Awareness Seminar A Your Overseas Business with IE Singapore jM We all need a little help to look for potential business opportunities overseas. Key Highlights: L International Enterprise Singapore as such has introduced several enhanced Tapping on Tax Incentive Schemes J^; M schemes to help companies improve
      214 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Inflation memories run deep at central banks
      785 11 Reuters Fed policy-makers' personal bout with 1970s inflation may shape policy [NEW YORK] Central bankers' experience of soaring prices in the 1970s and the damage it can wreak on ordinary people's lives may shape their commitment to avoiding inflation once the worst global
      Reuters; BLOOMBERG  -  785 words
    • Article
      Lock icon Banks tighten credit standards again in Q2: ECB
      307 11 Reuters [FRANKFURT] Euro zone banks tightened credit standards again in the second quarter of the year and expect to do so further in coming months, but at a slower pace, the European Central Bank said yesterday. In its latest bank lending survey,
      – Reuters  -  307 words
    • Article
      Lock icon Goldman cuts US debt estimate 28% to US$2.9t
      181 11 Bloomberg [SINGAPORE] Goldman Sachs Group said that the US will sell about US$2.9 trillion of debt in the two years ending September 2010, cutting its estimate for Treasury auctions by 28 per cent as the economy improves. President Barack Obama will sell
      – Bloomberg  -  181 words
    • Article, Illustration
      Lock icon S Korea posts 4th-largest current account surplus ever
      270 11 Reuters [SEOUL] South Korea posted its fourth-largest current account surplus ever last month on a higher goods account and a smaller services account deficit, central bank data showed yesterday, lending further support to the won. Exports and imports also grew last month,
      – Reuters; REUTERS  -  270 words
    • Article, Illustration
      Lock icon Japan raises regional economic view
      626 11 Bloomberg, Reuters Signs of recovery seen in exports, industrial output [TOKYO] Japan's Finance Ministry has raised its assessment of the regional economy for the first time in five years amid a recovery in exports and industrial production. "Some areas of the economy are showing movements
      – Bloomberg, Reuters; REUTERS  -  626 words
    • Article
      Lock icon NZ business confidence hits 7-year high
      431 11 Reuters [WELLINGTON] New Zealand business confidence jumped to a seven-year high in July, backing views the economy is emerging from recession and the central bank will likely leave rates unchanged today. The National Bank of New Zealand's (NBNZ) monthly survey showed yesterday its headline
      ■ Reuters  -  431 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Boustead plans to raise up to RM1.3b this year
      422 12 Bloomberg Group to sell stake in insurance unit, Sumatra plantation; rights issue gets nod [KUALA LUMPUR] Malaysia's Boustead Holdings Bhd plans to raise as much as RM1.33 billion (***** million) from stock and asset sales this year to repay debt and
      Bloomberg  -  422 words
    • Article, Illustration
      Lock icon IMF urges Jakarta to keep stimulus
      494 12 Reuters It says there is room for a higher fiscal deficit than planned [WASHINGTON] The International Monetary Fund (IMF) has urged Indonesia to maintain some stimulus next year, saying that there is room for a somewhat higher fiscal deficit than currently planned in South-east
      Reuters; AFP  -  494 words
    • Article
      Lock icon Malaysia keeps policy rate unchanged at 2%
      427 12 Bloomberg [KUALA LUMPUR] Malaysia's central bank held interest rates steady for a third straight meeting amid signs that the global economy is recovering from the worst recession since the Great Depression. Bank Negara Malaysia kept its overnight policy rate unchanged at 2 per
      Bloomberg  -  427 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China's biggest homebuilder jumps 56% on 1st trading day
      595 13 Bloomuerg Faith in nation's recovery drives demand for State Construction IPO [SHANGHAI] China State Construction Engineering Corp jumped 56 per cent on its first trading day in Shanghai as confidence in the nation's economic recovery stoked demand for the world's largest
      Bloomuerg  -  595 words
    • Article, Illustration
      Lock icon Jaguar Land Rover needs major cost cut: Tata
      343 13 Bloomberg [MUMBAI] Jaguar Land Rover, the luxury unit of Indian truckmaker Tata Motors Ltd, needs a "major cost reduction" as the global recession hammers demand for its premium vehicles, chairman Ratan Tata said. The main challenge for Jaguar Land Rover "will be
      Bloomberg; AFP  -  343 words
    • Article
      Lock icon UK civil service to outsource jobs to India
      154 13 Reuters [LONDON] More than 100 finance and IT jobs at the British Council are to be outsourced to India as part of a cost-cutting drive to save the taxpayer money, according to a report in The Times. The report said that 500
      – Reuters  -  154 words
    • Article
      Lock icon China receives assurance US will cut record budget deficit
      574 13 ■NYT.LAT-WP Beijing concerned over value of its Treasury securities [WASHINGTON] China sought and received assurances from the Obama administration that the US would reduce its budget deficit once an economic recovery was under way, a senior Chinese official said on Tuesday
      ■NYT.LAT-WP  -  574 words
    • Article
      Lock icon HK funds industry contracts by 39% in 2008
      178 13 Bloomberg [HONG KONG] Hong Kong's funds management industry shrank 39 per cent last year as a result of falling securities markets worldwide and net investor withdrawals, according to the city's Securities and Futures Commission. The size of the industry dropped to HK$5.B5
      – Bloomberg  -  178 words
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      128 13 lißlllWi'i"lifWl PULSES OUT NOW l^"**] The August issue is hot off the press. Top story: How do 11^™^ __to-n PTmj^ Temasek-linked companies fare? Also, find out what Star Hub I —_^_^(^rT^^V\\^sJll CEO Terry Clontz said in his last media interview before the (TmFjj \_K-K-^ >./^\ announcement of his retirement. PLUS,
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      773 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DILMUN NAVIGATION IN THE MATTER OF THE (SINGAPORE) PTE LTD COMPANIES ACT CAP 50 (In Members' Voluntary Liquidation) AND RegN0.*****6712R IN THE MATTER OF NOTICE OF RESOLUTIONS 1) ORTHOCLASE PTE LTD At an Extraordinary General Meeting
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      238 14 \i an p.' t 4k A_ I HL Your femilv nHG9.ns WeVe madefaster simp|er banwng y a priority. We all have different priorities. If spending more time with the family I I s~^k •^nl I N is your priority, we'll free up your time for the more important things in
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon House panel okays curbs on exec pay
      620 15 NYT Bill does not set pay limits, but it gives shareholders the right to vote on pay [WASHINGTON] In an important victory for the White House, a congressional committee approved legislation on Tuesday that closely resembled an Obama administration proposal seeking to impose
      NYT  -  620 words
    • Article, Illustration
      Lock icon Fed chief's assets drop as US stocks fall
      320 15 Bloomberg [NEW YORK] Federal Reserve chairman Ben Bernanke's assets tumbled by as much as 29 per cent last year as declining stocks eroded the value of his annuities and other investments, according to his annual financial disclosure forms. The filings, released by
      – Bloomberg  -  320 words
    • Article
      Lock icon US durable goods orders post steepest fall in 5 months
      423 15 AP LATEST US DATA [WASHINGTON] Orders to US factories for big-ticket durable goods plunged in June by the largest amount in five months, reflecting the continuing troubles in the car industry and a steep drop in demand for commercial aircraft.
      AP  -  423 words
    • Article
      Lock icon Nomura posts 11.4b yen profit in Q2 after record loss
      230 15 ■AP [TOKYO] Leading Japanese brokerage Nomura Holdings Inc bounced back to profitability in the April-June quarter, recovering after the costs of acquiring Lehman Brothers led to a record loss last year. The country's biggest broker said yesterday that it booked
      ■AP  -  230 words
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      65 15 PARAGON ftJW Paragon Junior: Armani Junior Beauty. Mums. Babies Blossom Friends Chateau De Sable ssS*^ |*j| Early Learning Centre ELM Tree Fox Kids Baby Giordano Junior Growing Fun Guess Kids Baby Guess Kids 21 Kidstyle Kingkow Lemmi Fashion Monnalisa Ocean Paradise Robert .i^< Piano Co./ Kawai Music School Toys 'R'
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  • WORLD
    • Article
      Lock icon US banks trimming branches
      608 16 Reuters Move comes as more customers bank via phones, computers [NEW YORK] Call it Overbanked of America. News that Bank of America Corp, after decades of expansion, plans to shut some of its 6,109 branches may mark a turning point in what analysts have long deemed
      Reuters  -  608 words
    • Article
      Lock icon US widens tax evasion probe of Swiss banks
      487 16 NYT, Reuters A small private bank in Zurich is also under investigation [NEW YORK] Federal prosecutors have widened their investigation into Swiss banks suspected of selling offshore tax evasion services to wealthy Americans to include a small private bank in Zurich, according
      – NYT, Reuters  -  487 words
    • Article, Illustration
      Lock icon New FDIC rules will chill private investment: Ross
      465 16 Reuters [NEW YORK] Billionaire investor Wilbur Ross warned US bank regulators that newly proposed rules would chill private equity investments in banks Mr Ross, chairman and chief executive of WL Ross Co, said in a letter to the Federal Deposit Insurance Corp
      ■ Reuters  -  465 words
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      Lock icon Page 16 Advertisements Column 1
      1991 16 V*«. T^VT"'T^^T'r« Toll free: 1800-289-8822 w I^l I l-( Email: notices@sph.com.sg JL^I V^>/ JL JL^_> JLj k3 www.cats.com.sg EMS EMS ENERGY LIMITED (Company Registration No: *****0485 D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the "EGM") of
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      Lock icon Page 16 Advertisements Column 2
      548 16 V**i rf/A^TT/nrr Toll free: 1800-289-8822 w l^kll r^ Email:notices@s Phcom-s9 XA| V^>/ X IV j 1 -t www.cats.com.sg In the Matter Of The Companies Act, Cap. 50 IN THE MATTER OF IN THE MATTER OF T v THE COMPANIES ACT, THE COMPANIES ACT, In me Matter ur PAP <n r*Ap
      548 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Seven EADS execs face fines in insider trading probe
      676 17 Bloomberg [BRUSSELS] Seven current and former European Aeronautic Defence and Space Company (EADS) executives face potential civil fines in a French regulator's probe of insider trading allegations, two people familiar with the case said. Former chief executive officer Noel Forgeard faces
      Bloomberg; FILE PHOTO  -  676 words
    • Article
      Lock icon Maersk sees 66% jump in idle boxes by early 2010
      200 17 Bloomberg [PERTH] AP Moeller-Mae-rsk A/S, the world's largest containership operator, expects industrywide boxship lay-ups to expand 66 per cent by early next year as new-vessel deliveries continue amid slowing world trade. The capacity of the laid-up fleet is likely to
      Bloomberg  -  200 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 17 '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 0.51 0.26 1.31 0.57 1.40 0.64 0.05 ....unch
        102 words
      • Article
        Lock icon KLSE
        37 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.99 8.75 8.70 3.20 2.82 0.03 0.09 -0.01 0.05 -0.05 -0.02 unch 0.01 unch 408 279 433 547 24 11 2293
        37 words
      • Article
        Lock icon BANGKOK
        12 17 '00 ■recious Ship Jegional Cont 16.30 9.75 -0.10 -0.10 281; 28:
        12 words
      • Article
        Lock icon HONGKONG
        11 17 '000 Doil iingamas Cont 40.75 1.19 -1.50 390! -0.02 7667:
        11 words
      • Article
        Lock icon PHILIPPINES
        22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 17.25 unch unch unch -0.25 unch unch 461 334 0 0
        22 words
      • Article
        Lock icon TAIPEI
        19 17 Evergreen Marine ....20.10 :irst Steamship 47.65 ManHai Lines 16.85 r"ang Ming Marine ..12.95 0.10 -0.50 -0.30 -0.10 2!
        19 words
      • Article
        Lock icon TOKYO
        38 17 '000 :awasaki Hvy Ind ..242.00 -1.00 ***** :awasaki Kisen 353.00 -9.00 9620 /litsubishi Hvy 374.00 -1.00 ***** /litsui Eng&Sbldg ..233.00 2.00 3917 /litsui Osk Lines 570.00 -24.00 ***** Jippon Express 410.00 -3.00 2186 lipponYusen 391.00 -11.00 7617
        38 words
    • Article
      Lock icon Busy first half for pirates in region
      622 17  -  VINCENT WEE Successful attacks up by 2 at 38 but total incidents fall to 43 By THE first half of the year was a busy time for pirates in the region, with an apparent shift in focus as incidents declined in Bangladesh, India
      622 words
    • Article
      Lock icon $15m TNT upgrade investment pays off
      306 17  -  VINCENT WEE By INVESTMENTS last year in an expanded country depot and customer contact centre are paying off for TNT Singapore, which has reported a 14 per cent increase in customers. The $15 million upgrade boosted customer service, infrastructure and advanced materials handling and
      306 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2720 17 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,720 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      243 17 CRYPTIC CROSSWORD Across /o\ _^J _^J 20 Eastern European or French? (6) 21 Open feast nun prepared (8) hothouse plant surprisingly 19 Magazine found on the Pic--22 A second amount of money (4,2,1,8) cadilly Line (7) on the way up (6) 6 Any exit taken out of nerv- YESTERDAY'S SOLUTION
      243 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon KL's 4-D thrust rooted in sound economics
      483 18 LAST week, Malaysian number forecast operator Mul-ti-Purpose Holdings told the stock exchange that its subsidiary Magnum Corporation had received government approval for a new four-digit (4-D) game that would incorporate a jackpot element. This follows Kuala Lumpur's decision last October to award all
      483 words
    • Article, Illustration
      Lock icon Building Temasek as a sustainable institution
      3500 18 Its goal is to build a robust framework to maintain discipline and deliver long term value The following is a speech given by Ho Ching, executive director and CEO of Temasek Holdings, at an Institute of Policy Studies Corporate Associates Lunch yesterday. TEMASEK celebrated
      BLOOMBERG; AP  -  3,500 words
    • Article, Illustration
      Lock icon What good are central bankers when assets inflate?
      848 18  -  ANTHONY ROWLEY THE BOTTOM LINE PITY poor central bankers as they agonise over when to withdraw the monetary stimulus they have injected to keep their recession-scuppered economies afloat. Or should we despise them for the generally abysmal job that they do in
      848 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8967 20 Transaction date: Jul 29 Hi! Low Code Com| >ari] Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil 12 3 3148 8Telecom 8.5 2.5 5834 A-Sonic 23 12 5000 ABRHIdgs 13 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 68.5 26.5 5550
      8,967 words
    • Article
      Lock icon SGX CATALIST
      1634 21 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 26.5 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 24.5 8.5 3518 s Afor 12.5 2 1524 t Alantac 16 3.5 7814 t
      1,634 words
    • Article
      Lock icon SGX ETF
      400 21 Hii Low Code Comi fete fogol Hii Low Big seta Cvr P/E imil 110 100 6389 ABF SG Bond ETF 877 427 CIMBAsean40 100US$ 265 149 DBS STI ETF 100 3841 3534 DBXT DJE50 10US$ DBXTDJE50Sh 10US$ 3072 1682 DBXT FTChina25 10US$ 5268 3228 DBXT FTVietnam 10US$ 2333
      400 words
    • Article
      Lock icon CLOB INTENATIONAL
      246 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      246 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9243 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.946/ AIGIF S'pore Bond Fund/ A 1.301/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.03/ APS Alpha Fund (USD)!** 0.71/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5127/ APS Komaba
      9,243 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      360 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 28 World Index Preliminan 736.1 -0.8 8.6 -0.8 11.3 -0.8 11.3 EAFE Preliminai 701.6 -0.4 8.1 -0.3 12.5 -0.3 12.5 Euro[ Preliminan 966.4 -1.0 6.0 -1.2 12.0 -1.2 12.0 Pacific 606.6
      360 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      125 22 As at 9am Jul 29 >f foreign currency: lurrencies Bid Offer iust dollar 1.1790 1.2150 .an dollar 1.3240 1.3400 luro 2.0300 2.0530 IZ dollar 0.9390 0.9590 iterlini ind 2.3540 2.3800 JS dollar 1.4330 1.4490 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer :hi
      125 words
    • Article
      Lock icon INTERBANK RATES
      172 22 Jul 29 Overnight 1-month 2-months 3-months Overnight mode: 1/4 ys$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.35 0.40 0.55 0.65 1.00 1.60 1.70 Offer 0.25 0.30 0.35 0.45 0.70
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 22 Jul29 STI 2599 2599 2603 SIMSCI Jul 316.4 319.2 313.9 Taiwan Jul 260.2 262.7 258.5 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 22 Jul29 S! Bid Offer 1-month 1.4413 1.4428 2-months 1.4414 1.4428 3-months 1.4414 1.4429 6-months 1.4414 1.4430 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      60 22 Jul 29 lelivery flonth Opening Sett Av Range Price Price Hi Low Vol Open Done Position \ugO9 2155 2185 2185 2155 98 1658 iep 09 2150 2130 2160 2124 2853 ***** 3d 09 2128 2113 2158 2109 9961 ***** tovO9 2136 2112 2152 2106 2167 ***** Total o/p:
      60 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      292 22 Jul 29 URODOLLAR FUTURES >epO9 DecO9 VlariO lun10 99.4850 99.2650 98.9900 98.6000 6258 3885 3384 3230 EUROYEN TIBOR FUTURES >epO9 99.480 99.480 DecO9 VlariO un10 >ep10 DedO Vlar11 un11 99.480 99.480 99.515 99.530 99.495 99.440 99.395 99.310 99.250 1320 100 50 ***** 3557 2581 1438 421 420
      292 words
    • Article
      Lock icon SICOM FUTURES
      193 22 Jul 29 KUBBtK Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) AugO9 188.5 Sep 09 187.0 Oct09 190.5 NOV09 190.5 Dec 09 190.5 Jan 10 189.5 188.5 187.0 190.5 186.0 186.0 186.0 189.5 187.0 187.5 187.5 187.5 187.5 16 147
      193 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 22 Jul29 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****A 29.10.09 1-Year BY*****W 03.05.10 0.24 0.35 0.18 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
      100 22 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 09 1054.50 1021.25 1059.75 1020.25 Sep 09 968.00 945.00 973.00 946.00 Nov09 927.00 906.50 932.50 906.00 Jan 10 931.00 913.75 935.00 914.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 09 33.82 33.60 34.29 33.54 Sep 09
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 22 CRUDE OIL PRODUCTS Jul 28 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 69.38 -1.19 WTI (Near Mth) 67.31 -1.01 Dubai (1-Mth F) 69.51 -0.14 Tapis blend 75.95 0.20 Minas 72.40 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S5.22 78.29 -0.48 0.12 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      451 22 Jul 29 iuro 'en (on 'eso lam 'ouni Australia 0.891 5.608 0.580 6.361 39.743 81.834 0.775 10.209 2.899 1.249 68.167 39.489 1.184 6.489 0.882 26.964 27.915 0.501 0.821 Canada 1.123 6.295 0.651 7.141 44.614 91.864 0.870 11.460 3.255 1.402 76.523 44.329 1.329 7.284 0.990 30.269 31.337 0.563
      451 words
    • Article
      Lock icon SIBOR
      76 22 Jul 29 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 22 Jul 29 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1828 1.1842 0.8207 0.8209 Canadian dollar 1.3278 1.3293 0.9213 0.9215 Euro 2.0405 2.0430 1.4158 1.4162 NZ dollar 0.9470 0.9487 0.6571 0.6576 Sterling 2.3597 2.3623 1.6373 1.637! US dollar 1.4412 1.4426 S$IUS$
      153 words
    • Article
      Lock icon PRECIOUS METALS
      132 22 Jul 29 Hong Kong London 934.50 951.80 935.50 952.80 Jul 28 Jul 27 938.30 953.60 939.30 954.40 Source: Thomson Reuters CAST BAR (S$) Jul 29 Buying Sellim Kilobar "46,827.48" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™
      132 words
    • Article
      Lock icon LONDON METALS
      67 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1795.50 1802.50 3 months 1824.00 1826.00 Copper, Grade A (US$/tonne) Cash 3 months 5518.50 5530.00 5595.50 5600.00 Lead (US$/tonne) Cash 1746.00 3 months 1767.00 1776.25 1797.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      67 words
    • Article
      Lock icon LIFFE
      71 22 Jul2B (£/tonne) Close Prev Hii ih/Low SepO9 1824 1808 1853/1804 Dec 09 1845 1826 1872/1823 Mar 10 1843 1825 1871/1824 May 10 1832 1817 1860/1815 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1454 1451 1468/1468 SepO9 1475 unch 1490/1468 Nov09 1500 1501 1514/1495 SUGAR (US tonne) White Close Prev
      71 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2395 22 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left Asia-PacificStrategicW*****6 3.5 unch 640 2036AdvanceSCTLtdW*****9 0.5 unch 50 Allgreen Prop.ES.0907 112 Ascendas Reit.ES.0907 167 xd 9092 Asia Environment W*****4 0.5 1 15 12 4.71 1 87 1491
      2,395 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      3332 23 Shipping times 4k ___fl| MF WAN HAI INTERNATIONAL PTE LTD UEN:*****4.95M W £^7^l W M.-LE BS.WtILI^mJuBDLI V\m\ lAf A 1.1 LI A I I I MIT TEL *****588 (KLINES) FAX:*****163 M» t^ y|l| t Ill^^^^^^B pMBBMBBBBBBBMBIBW I V\^^B I WAN HAI IN PKL TEL: (03> *****58S FAX: (03) *****288 PEN
      3,332 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      4748 24 KftS In EASTERN CAR LINER, LTD I^^^SPCPBiQ l-flff-^M ul—^L—i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS 1H llßEaiMßi^^^^M' VOY I Romp(KT) I LilliwlKT) I SIN I PKL I )KT I KUC IKK I BTL I VOT IllilD DISIINAnON PCL/PHL SERVICE AMX SERVICE Connecting ECL SERVICE via MALTA I MODERN
      4,748 words
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  • BizIT
    • Article, Illustration
      Lock icon Indian BPO firm to set up regional HQ here
      770 25 Patni plans to hire 300 people for its S'pore office, writes AMIT ROY CHOUDHURY ONE of India's top IT services and BPO (business process outsourcing) companies, New York Stock Exchange-listed Patni Computer Systems, plans to hire 300 people for its proposed
      770 words
    • Article, Illustration
      Lock icon Creative launches 'stem cell' computer Zii EGG
      337 25  -  BRANDON CHEW By CREATIVE Technology has unveiled a new handheld computer dubbed the Zii EGG, part of a handful of new products and initiatives related to its budding Zii computing platform. According to Creative, the US$l99 Zii EGG is an energy efficient handheld
      337 words
    • Article, Illustration
      Lock icon Parallels ramps up Asian presence
      383 25  -  WINSTON CHAI By VIRTUALISATION software maker Parallels has its head in the "clouds" in trying to ride the Web-based services wave that is sweeping Asia. The company, which relies primarily on channel distribution in the region, has set up offices in Singapore, China, India and
      383 words
    • Article
      Lock icon IBM to pay US$1.2b for biz intelligence software firm
      250 25 ■NYT [NEW YORK] IBM took a big step to expand its fast-growing stable of data-analysis offerings by agreeing on Tuesday to pay US$l.2 billion to buy SPSS Inc, a Chica-go-based maker of software used in statistical analysis and predictive modelling. Major
      ■NYT  -  250 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      246 25 Call 6-594 7594 for more info or to join our SME Security Awareness seminar Stone Forest IT Microsoft mww gsasa OIUIIC lUI COL I I GOLDCERTIFIED KW=ffj|fl www.StoneForestlT.com.sg Partner I lu^^^P I A«»« Partner U|| IiMJ 111 *J lIAI T T J J I k»i I 3 I j Advantage
      246 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Slide in US housing prices slowing down
      1221 26 -NYT May's housing index the 4th consecutive month that price declines slowed NEW YORK] After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilising prices, generating hope that the real estate market is
      -NYT; REUTERS  -  1,221 words
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      Lock icon NZ June home-building approvals fall 9.5%
      365 27 Bloomberg [WELLINGTON] New Zealand's home-building approvals fell for the first time in three months in June, signalling that lower mortgage rates are yet to kick-start sustained demand for property. Permits declined 9.5 per cent from May, Statistics New Zealand said in Wellington yesterday, citing
      – Bloomberg; BLOOMBERG  -  365 words
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      Lock icon Fed's loan facility may help resume property bond sales
      588 27 Bloomberg Fed may lend CMBS buyers up to 85% of the purchase price for TALF securities [SEATTLE] Commercial property companies may sell about US$3 billion of mortgage-backed bonds starting in September as part of the government's programme to revive lending for
      Bloomberg  -  588 words
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      Lock icon Quintain sees UK property market revival signs
      289 28 Reuters Uncertain rental prospects for vacant properties still a concern, however [LONDON] UK developer Quintain Estates and Development says Britain's fractured commercial real estate market is showing signs of revival although uncertain letting prospects for vacant properties remain a concern. The urban regeneration
      – Reuters  -  289 words
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      Lock icon FRASERS' FIRST IN VIETNAM
      94 28 FRASERS Hospitality yesterday launched its first serviced residence project in Vietnam the Fraser Suites Hanoi (above). The 170-unit project, in the city's West Lake district, occupies the top 20 floors of the 25-storey Syrena Tower. The chairman of Frasers Hospitality's parent company Fraser Neave, Lee Hsien
      94 words
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