The Business Times, 14 August 2009

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Microfilm: NL30118
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Friday, August 14,2009
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  • Article
    Lock icon Western money knocks on hedge fund doors
    881 1  -  OH BOON PING Compelling Asian equity story and local expertise put spotlight on Spore managers By [SINGAPORE] Hedge fund managers based in Singapore could see a fresh wave of money coming their way, as investors in the United States and Europe who missed
    881 words
  • Article
    Lock icon SingTel snaps losing streak, bodes well for economy
    638 1  -  WINSTON CHAI Q1 net income up 7.7%; Ist quarterly rise in 12 months By [SINGAPORE] Singapore Telecom has added weight to hopes of economic recovery by posting a rise in quarterly profit for the first time in 12 months. "If you look
    638 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      58 1 UAllkl WINE US MARKETS tt^JflWßl MUSIC CORPORATE RESULTS ifl VM Mondavi's Fed says all the KISS frontman CDL reports 15.3% drop standout Pinot right things 67 Is talks business in Q2 earnings ■^L-J^JB*^** PAGE 27 PAGE 2 E ««aB fIMB3& .'i PAGE 25 PAGE 5 ir-^PByy. > «A^.-^A__ v^B -v^h__^l^^^,_l^
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  • TOP STORIES
    • Article
      Lock icon Fed does right by bullish market
      808 2  -  ANDREW MARKS Markets shoot to highs on Fed's Wednesday decision to leave funds rate at zero to 0.25% By in New York THE jitters preceding the Wednesday afternoon conclusion of the US central bank's interest rate policy meeting may have surprised some investors. With
      808 words
    • Article
      Lock icon Statement in full
      419 2 FOLLOWING is the full text of the statement by the US Federal Reserve on Wednesday announcing it was holding unchanged its base federal funds target rate at a historical low between zero and 0.25 per cent: "Information received since the Federal Open Market Committee met in June
      419 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Western money knocks on hedge fund door
        61 2 HEDGE fund managers in Singapore could see a fresh wave of money as investors in the US and Europe who missed out on the rally seem poised to pour their capital into Asian assets, they have seen a spike in on-site visits from
        61 words
      • Article
        Lock icon SingTel snaps losing streak, bodes well for economy
        56 2 SINGTEL has added weight to hopes of economic recovery by posting a rise in quarterly profit for the first time in 12 months. Strong performances in Singapore and Australia, coupled with higher contribution from key regional associates Bharti and Telkomsel, lifted Ql
        56 words
      • Article
        Lock icon H1 would have been worse without foreign workers
        54 2 AMONG those who lost their jobs in the first half of this year, many were foreign workers. And among citizens and permanent residents, there were net job gains, even though the economy shrank 6.5 per cent, Minister Mentor Lee Kuan Yew said.
        54 words
      • Article
        Lock icon Leng Beng muses on govt's market cooling options
        44 2 CITYDEV executive chairman Kwek Leng Beng reckons that the government may abolish the interest absorption scheme or reintroduce land sales through the confirmed list if it is concerned about a property bubble. TOP STORIES, PAGE 4
        44 words
      • Article
        Lock icon CDL expects to start South Beach in Q3 '10
        60 2 CITY Developments Ltd executive chairman Kwek Leng Beng says construction of the delayed South Beach project is likely to begin around the third quarter of next year, with CDL and new investor Nan Fung group of Hong Kong probably the ones
        60 words
      • Article
        Lock icon Germany, France back to economic growth
        71 2 GERMANY and France achieved a shock return to economic growth in the second quarter of the year, ending their recessions earlier than expected, but failed to drag the euro zone with them. German gross domestic product rose by 0.3 per cent, bringing an end
        71 words
      • Article
        Lock icon Sime Darby in need of big overhaul
        40 2 MALAYSIAN conglomerate Sime Darby needs a big overhaul, including possibly listing its prized plantations business and selling its underperforming motor unit, to boost valuations and compete better with fast-growing rivals. M'SIA/INDONESIA, PAGE 11
        40 words
      • Article
        Lock icon Hutchison reports 33% plunge in H1 earnings
        63 2 PORTS-to-telecoms conglomerate Hutchison Whampoa said that first-half net profit fell 33 per cent as its core shipping and mobile phone businesses suffered amid the global economic downturn. But net profit was ahead of market expectations, and the company said that its money-losing 3G
        63 words
      • Article
        Lock icon UBS to disclose clients suspected of tax evasion
        56 2 SWISS banking giant ÜBS and the US Justice Department reached an accord on Wednesday that would force the bank to disclose the names of certain American clients suspected of tax evasion. Scores with offshore accounts will have their identities revealed to the
        56 words
    • Article
      Lock icon H1 would have been worse without foreign workers: MM
      554 2  -  LEE U-WEN More Singaporeans would have lost jobs; immigrants vital to keep economy strong By [SINGAPORE] Among those who lost their jobs in the first half of this year, many have been foreign workers, rather than Singaporeans. And among citizens and
      554 words
    • Article, Illustration
      Lock icon Leng Beng muses on govt's market cooling options
      763 4  -  KALPANA RASHIWALA Scrapping lAS, reviving confirmed list possible, but care is needed By [SINGAPORE] City Developments Ltd's (CDL) executive chairman Kwek Leng Beng reckons that the government may abolish the interest absorption scheme or reintroduce land sales through the confirmed list if
      FILE PHOTO  -  763 words
    • Article
      Lock icon To each its own for world's great companies
      488 4  -  TEH SHI NING But top firms tend to have more robust operating structures By [SINGAPORE] Great companies share traits such as financial strength, strong talent and innovative products and services. But these traits reside within vastly different models of organisation, a study
      488 words
    • Article
      Lock icon Retail sales fall, new jobless claims up
      390 4 Reuters LATEST US DATA [WASHINGTON] Sales at US retailers unexpectedly fell in July and the number of workers filing new claims for jobless benefits rose last week, indicating the recession-hit economy faced a bumpy recovery. A Commerce Department report yesterday showed total retail
      Reuters  -  390 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        23 4 Bloomberg SINGAPORE 5.38 MALAYSIA 555 HONGKONG 5.00 ST. S. BRITAIN 0.50 US 3.25 CANADA 2.25 Switzerland 0.52 |ND|A n ?5 Source:
        Bloomberg  -  23 words
      • Article
        Lock icon MARKETS
        47 4 lursi lay lange 1COMP 1,186.19 +5.65 IIKKEI225 10,517.19 +82.19 1ANG SENG 20,861.30 +426.06 ;et index 655.68 +12.66 JAKARTA COM P 2,396.49 +49.13 IANILACOMP 2,856.06 +27.54 ;eoulcomp 1,564.64 -0.71 ;henzhen b 529.41 +4.04 IUMBAI IND 15,518.49 +498.33 12 noon EDT Change )OW 9,384.21 +22.60 IASDAQ 2,006.64 +7.92
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      • Article
        Lock icon FOREX
        43 4 IS$ (S$ ier US$) 1.443 (US$/S$ per 1.655 2.387 ;UR0 (US$/S$/E) 1.424 2.055 Foreii in curreno >er US$ S$ 'EN 96.40 66.80 3.516 2.436 IK$ 7.751 5.372 !AHT 34.04 23.59 lUPIAH 9,930 6,882 lENMINBI 6.834 4.736 INDIAN RUPEE 48.18 33.39 1.192 0.826
        43 words
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      Lock icon Page 2 Advertisements Column 1
      12 2 CONGRATULATIONS! To The Republic of India on their 62nd year of Independence
      12 words
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      Lock icon Page 2 Advertisements Column 2
      105 2 Live the Ultimate. K^ ni^rc! An elite home theatre, j lofeiTl I K^fcl custom-engineered with the finest I |>w components, then acoustically'voiced' -1 to perfection by certified high-end Kf%fl system specialists. BUB b^fl Designed for the exclusive few by www.ongraclio.com 176 Orchard Rd 1 Coleman St The Centerpoint The Adelphi
      105 words
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  • Page 3 Advertisements
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      273 3 3 To re inforce this, I am pro I V I would like to thank you for your developme nt of 3 new showrooms. I. 1 support all rs st^ r e S ar in °U e r. the 12th Aug; our new I 1 f^uerto^etfyo'utoter -tside °f ,^S^t^S^ith the
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1011 4 East Gate EASTGATE TECHNOLOGY LTD (Incorporated in the Republic of Singapore on 16 December 1989) (Company Registration No. *****5519R) NOTICE TO WARRANTHOLDERS RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 1,464,018,657 NEW SHARES (THE "RIGHTS SHARES") AT AN ISSUE PRICE OF $0,661 FOR EACH RIGHTS SHARE, ON THE BASIS OF THREE
      1,011 words
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      Lock icon Page 4 Advertisements Column 2
      719 4 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And In the Matter of (I) NICEWELL PTE LTD (Company No. *****4550 D) (2) PIK MANAGEMENT PTE LTD (Company No. *****4562W) (3) KELLY HILL PTE LTD (Company No. *****4571Z) (4) KEU SERVICES PTE LTD (Company
      719 words
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  • COMPANY NEWS
    • Article
      Lock icon CDL expects to start South Beach in Q3'10
      643 5  -  KALPANA RASHIWALA Q2 net profit falls on lower development margins, weaker hotel showing By CITY Developments Ltd (CDL) executive chairman Kwek Leng Beng says construction of the delayed South Beach project is likely to begin around the third quarter of next year,
      643 words
    • Article
      Lock icon Parkway still has the region on its radar
      538 5  -  CHEN HUIFEN By THE economic downturn and the HINI flu outbreak have not dented Parkway Holdings' ambition to be a Pan-Asian healthcare player, as it lays plans to expand in Malaysia and China. Over the next few years, it expects to operate
      538 words
    • Article
      Lock icon Rougher waters for Keppel, SembMarine
      569 5  -  VINCENT WEE WITH both of the big offshore and ma-rine-based conglomerates Keppel Corp and Sembcorp Marine having reported their sec-ond-quarter results, the focus must now move to the remaining half of the year. Keppel expectedly had Q2 profits boosted by a $422.2 million exceptional gain
      569 words
    • Article, Illustration
      Lock icon Banyan Tree reports $4.2m Q2 loss
      364 6  -  NISHA RAMCHANDANI Resort operator hurt by political situation in Thailand, HINI outbreak By BANYAN Tree Holdings has reported a loss attributable to shareholders of $4.2 million for the second quarter ended June 30 down from a $3.5 million profit a year back as the
      FILE PHOTO  -  364 words
    • Article
      Lock icon Straco posts Q2 net of $1.3m
      309 6  -  YEN SREENIVASAN By MAINBOARD-LISTED Straco Corporation has reported a net profit of $1.3 million for the second quarter ended June 30, despite a $1.04 million foreign exchange loss as the Chinese renminbi weakened against the Singapore dollar. The China-based developer and operator of tour-ism-related
      309 words
    • Article
      Lock icon HTL back in the black with $19.5m H1 gain
      247 6  -  JUSTIN CHAN By MAINBOARD-listed sofa maker and leather finisher HTL International Holdings has announced a first-half 2009 net profit of $19.5 million, against a net loss of $4.6 million a year ago. And it is paying an interim cash dividend of
      247 words
    • Article, Illustration
      Lock icon Kingsmen posts 6.3% rise in Q2 net to $3.54m
      595 7 ByVEN SREENIVASAN ARMED with a strong order book and good demand, communications design group Kingsmen Creative enjoyed steady growth in the April-June period. The mainboard-listed company posted a 6.3 per cent rise in second-quarter net earnings to $3.54 million, from $3.27
      595 words
    • Article
      Lock icon ComfortDelgro Q2 profit up 0.9% to $57.3m
      342 7  -  NISHA RAMCHANDANI Revenue dips 4% as it takes a hit from weaker pound and Australian dollar By COMFORTDELGRO has reported a marginal 0.9 per cent increase in secondquarter net profit to $57.3 million, supported by an exceptional gain of $26.5 million. The group
      342 words
    • Article
      Lock icon Noble's Q2 profit doubles to US$248.8m
      277 7 Bloomberg NOBLE Group Ltd, a Hong Kong-based supplier of raw materials from soybeans to coal, said second-quarter profit more than doubled, helped by a one-time gain from the acquisition of Gloucester Coal Ltd. Net income rose to U*****.8 million, or 7.45 US cents a
      – Bloomberg  -  277 words
    • Article
      Lock icon Marco Polo posts 21% drop in Q3 net profit to $3.8m
      371 7  -  VINCENT WEE By MARCO Polo Marine posted a 21 per cent fall in net profit to $3.8 million for its fiscal third quarter ended June 30 as it lost the benefit of one-off gains it booked in the previous
      371 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      190 5 M cwlfltSs*- -*^BKIIHCwSviFrS v ■.■>" B^B^^^ 'V > -jX^vlß Ti^anC BbBF Rpße-a /i/ iA l^; rl 5S r* IBHR^aVvI 111 5 i-I^B (Si ii D^F t| '''.-■-''■■.S^r'.^B ::;:i::-:f;::::'» [srrEiir'-'i?;.. I Hg 1h X 'S^B |j^*;b^- I^H ■^■JBfa X Xl ClAf a si a/ l **wB«BB*-B-.j«3<n5« /aßuois Mctorm S t BL
      190 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      1610 6 your global supply chain partner j iCvlDI^ First Half Results 2009 w■ 9ro v P (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited presents below the unaudited (unaudited) (unaudited) consolidated financial results for the first half and second quarter of 2009, together
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      Lock icon Page 6 Advertisements Column 2
      98 6 Rivergate *****f 4+l +Pte Pool S/level $7.22 m •St Thomas Suites *****f 4+l Duplex $7.15 m Volari *****f *****f 4+l Pool $7.33 m up One Devonshire *****f *****f 4+S $5.2 m up Martin Place Resl *****f s+l $5.56 m up Viva ©Novena 2486 /*****f 4/5 Br $3.83 m up Draycott
      98 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      219 7 m <: 'mm \n Xpress bags a total of 9 prestigious ARC annual report awards at the International ARC Awards 2009, and shares the in 1987, were honourand recognition for excellence with its most valued winning clients in Singapore, Malaysia, Vietnam and China, created to honour inannuleports 6 Gold Awards
      219 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up 1.7% as commodity plays rise
      608 8  -  CONRAD TAN STOCKS Palm oil firm Golden Agri-Resources was the most heavily traded counter in the overall market STOCKS here and elsewhere in the region rebounded yesterday after US Federal Reserve policymakers boosted hopes that the worst may be over for the world's
      Bloomberg  -  608 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 5 3 0 0 0 10 5 3 lanufacturing 99 37 69 10 16 109 43 85 Commerce 45 10 19 49 11 25 'pt/Stor/Comms 25 26 10 :inance 21 21 Construction 14 15 10
      97 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 30,890 30,890 91,263 91,263 lanufacturing 653,444 47,994 701,438 426,743 2,456 429,200 lommerce 185,202 31,317 216,519 139,031 9,419 148,449 'pt/Stor/Comms 243,346 1,417 244,763 303,910 323 304,233 :i nance 43,430 80 43,510 348,134 348,139 lonstruction 249,542 17,752 267,294 70,968 312 71,279
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 8 lapitaLand 3.660 +0.020 lapitaMall 1.480 -0.040 jtyDev 10.020 +0.190 lomfortDelGrc 1.570 -0.020 losco Corp 1.250 +0.020 IBS Grp 12.800 +0.180 :&N 4.030 +0.100 ienting SP 0.905 +0.010 iolden Agri 0.510 +0.035 IK Land 3.950 +0.120 IMH 29.680 ISH 16.800 +0.160 lardineC&C 23.820 +0.100 Ceppel Corp 8.110
      103 words
    • Article
      Lock icon BROKERS' TAKE
      848 8  -  CONRAD TAN City Developments Aug 13 close: $10.02 CIMB-GK RESEARCH, Aug 13 Q2 2009 core net profit of $128 million forms 27 per cent and 26 per cent of our FY2009 forecast and consensus respectively. HI 2009 core net profit of $211 million forms 44 per cent of
      848 words
    • Article, Illustration
      Lock icon Euro gains in Asia on upbeat growth figures
      312 8 -AFP CURRENCIES [TOKYO] The euro climbed in Asian trade yesterday as investors cheered news that the German and French economies returned to positive growth in the second quarter of this year, dealers said. The euro rose to U551.4244 in Tokyo afternoon trade
      -AFP; BLOOMBERG  -  312 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 Aug 13 VALUE CLOSE IT OB/OS 333.00 +446.C IT CADI -*****.00 +243. IT 10-day MA -*****.00 +33.0i TSE ST Mid Cap 594.94 +9.1 TSE ST Small Cap 526.15 +15.0' TSE ST All Share 641.30+10.81 TSE ST China Top 277.94 +6.51 TSE ST China 274.63 +7.1 TSE ST
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Golden Agri 208,415,000 Gentinq SP 109,692,000 UniFiber 99,967,000 Rowsley 99,146,000 *Star Cruises 90,007,000 InnoTek 67,620,000 Memstar 54,397,000 Ellipsiz 54,011,000 JiutianC 51,925,000 Ocean us 50,502,000 VALUE(S) DBS Grp 143,356,480 Wilmar 140,784,403 Sing Tel 105,710,410 Golden Agri 104,002,320 Gentinq SP 99,596,435 UOB 75,194,020 Capita Land 70,432,070 OCBC Bk
      57 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP 9574 644.5 4.9 DBXT Ni 10US! LD 10US 9378 161.5 1.2 MS India 10US! 1267 82.2 4.7 iTXPO 100 1460 68.0 4.9 DBXT MSTaiwan 10US! 1413 57.7 2.9 India Ni 10 1379 52.0 3.9 China H 10US$ 1536 43.3 2.0 'ilmar 658 43.0 7.0 'ilmar.ES.0908
      108 words
    • Article
      Lock icon FALLS
      113 8 BY CENTS CLOSE DOWN 6125-168.7 -1.9 DBXT S&P Short 10US! ilA 200 1246-134.0 -9.7 ilA 1270-110.0 -8.0 Dain 600 -70.7 -7.6 Teative Tech 620 -20.0 -3.1 BMT 1190 -10.0 -0.8 ICBC Bk5.1%NCPS 100 9970 -10.0 -0.1 imei iNav 1330 -10.0 -0.7 UOB 5.05%NCPS 100 ***** -10.0 -0.1 'BL Con
      113 words
    • Article
      Lock icon CURRENCIES
      86 8 Wh lere S! i$ stands Aug 13 %CHNG CLOSE FRAug12 YR2009 S$ LOW S$ HIGH uss 1.4430 0.39 1.5579 1.4308 Euro 2.0574 -0.48 2.0732 1.9150 Pounds 2.3912 -0.30 2.4366 2.0356 1.2139 -1.83 1.2139# 0.9453 'en* 1.4963 1.12 1.7278 1.4831 Rupiah* 0.***** 0.12 0.***** 0.***** Baht* 4.2379 0.39 4.3390 4.1040
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Smaller output Droduced by Tuas Power
      389 9  -  RONNIE LIM Decrease in demand results in 6.32% fall in electricity generated in H1 By TUAS Power now owned by China's Huaneng Power International generated 6.32 per cent less electricity in the first half of this year than in the same period last year,
      389 words
    • Article
      Lock icon Hotel room rates keep sliding in Q2 in many countries
      329 9  -  NISHA RAMCHANDANI By HOTEL room rates in many countries continued to slide in the second quarter as occupancy levels fell again, spelling good news for those trying to stretch their travel budget. "Mid-year results have shown the international hotel market
      329 words
    • Article
      Lock icon Asia's job ads up 6.4% in 2nd quarter
      428 9  -  JOYCE HOOI By BOUNCING back from a dismal first quarter, Q2 employment advertisements were up in Asia, according to the latest Robert Walters Asia Job Index report. Job ads rose 6.4 per cent quarter-on-quarter, with a total of about 6.17 million posted
      428 words
    • Article, Illustration
      Lock icon Panel to advise on evaluation of town councils
      308 9  -  EMILYN YAP By THE Ministry of National Development (MND) is consulting a panel on how it can evaluate town councils. The panel, made up of representatives of the private sector, national agencies and academia, will advise on developing the Town Council Management
      JOYCE FANG/THE STRAITS TIMES  -  308 words
    • Article
      Lock icon LTA teams up with local universities, A*Star
      197 9 THE Land Transport Authority (LTA) is partnering local academic institutions and a government agency to spruce up Singapore's transport network. LTA signed memorandums of collaboration with A*Star, Nanyang Technological university and Singapore Management University yesterday under its Singapore Urban Transport Solution (Stars) programme.
      197 words
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      1546 9 w WATS JL^I V^>/ JL XV^JLjIJ Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg SANERGYJAYA MARINE PTE LTD FORM 69 (3) (IN MEMBERS'VOLUNTARY fftrfii lir fßutes" °"d LIQUIDATION) JJyJJUA. IN THE MATTER OF Company Registration No. Hfofer Trust THE COMPANIES Aa (CHAPTER 50) NOTICE IS HEREBY GIVEN THAT A HYFLUX WATER TRUST
      1,546 words
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  • ECONOMY WATCH
    • Article
      Lock icon Germany, France back to economic growth
      703 10 Reuters Both nations see GDP rise of 0.3%, but euro zone remains in recession [BERLIN] Germany and France achieved a shock return to economic growth in the second quarter of the year, ending their recessions earlier than many policymakers and economists had expected, but
      Reuters  -  703 words
    • Article, Illustration
      Lock icon Brazilian economy seen on track for recovery
      449 10 Reuters [SAO PAULO] Brazil is emerging from recession and will likely outperform most other major economies despite a mild contraction this year. Last year, Brazilian President Luiz Inacio Lula da Silva was mocked by his critics when he said that Latin America's largest
      – Reuters  -  449 words
    • Article, Illustration
      Lock icon Fed study warns of lengthy joblessness
      574 10 Reuters [WASHINGTON] US unemployment levels are likely to stay high for longer following the country's severe recession and ongoing banking crisis, according to a study by the Federal Reserve Bank of Kansas City released on Wednesday. Weighing past experience as well as what has
      – Reuters; BLOOMBERG  -  574 words
    • Article
      Lock icon Analysis sees oil falling to below US$10
      398 10 Bloomberg [LONDON] Crude oil may plunge to less than US$lO a barrel in the next decade after surging to a record US$l47 last year, said Robert Prechter, who achieved fame for cautioning on Oct 5, 1987, that stocks would crash. "I expect crude
      – Bloomberg  -  398 words
  • Page 10 Advertisements
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      1604 10 A WATS ipco IPCO INTERNATIONAL LIMITED (Company Registration Number: *****2747 M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 17th Annual General Meeting of the Company will be held at the registered office of the Company, IPCO Building, 24 Pandan Road,
      1,604 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Sime Darby in need of big overhaul
      858 11 Reuters Najib has singled out conglomerate for reform, including listing plantation biz [KUALA LUMPUR] When is it a good time for a company to shape up? Maybe when the prime minister himself orders it. Malaysian conglomerate Sime Darby needs a big overhaul, including
      – Reuters; REUTERS  -  858 words
    • Article
      Lock icon M'sian activists hail Internet filter climbdown
      366 11 -AFP [KUALA LUMPUR] Malaysian rights activists yesterday welcomed the government's decision not to implement a controversial plan to create an Internet filter blocking "undesirable" websites. The proposal had been described as a "horror of horrors" by the opposition which said it would destroy the
      -AFP  -  366 words
    • Article, Illustration
      Lock icon Indonesian police find bomb material
      575 11 -AFP [JAKARTA] Indonesian police said yesterday they had unearthed a new cache of bomb-making chemicals as part of investigations into the July 17 suicide attacks against luxury hotels in Jakarta. Police spokesman Sulistyo Ishak said the chemicals were found on Wednesday in a rented warehouse
      -AFP  -  575 words
    • Article
      Lock icon Jakarta florist plotted hotel bombings
      653 11 AP [JAKARTA] When bomb blasts tore through two luxury hotels in Indonesia's capital where Andi Suhandi worked as a florist, he tried to phone a colleague to make sure he was safe. There was no answer. Flower arranger Ibrohim Muharram went missing after the twin
      AP  -  653 words
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  • GREATER CHINA
    • Article
      Lock icon Hutchison reports 33% plunge in H1 earnings
      462 12 Reuters It beats expectations and forecasts better second half as losses from 3G narrow [HONG KONG] Ports-to-tele-com conglomerate Hutchison Whampoa said its first-half net profit fell 33 per cent as its core shipping and mobile phone businesses suffered amid the global economic downturn.
      – Reuters  -  462 words
    • Article, Illustration
      Lock icon Li Ka-shing clawing back lost billions
      726 12 Bloomberg But Cheung Kong's results weighed down by Hutchison [HONG KONG] Li Ka-shing, who lost more than US$ll billion after the collapse of Lehman Brothers Holdings Inc, is clawing back his losses, thanks to a Hong Kong property boom. Since Mr Li told investors
      Bloomberg; AFP  -  726 words
    • Article
      Lock icon Beijing all for WTO despite latest ruling
      516 12 Reuters [BEIJING] China could be forgiven for feeling aggrieved after the World Trade Organization ruled against its curbs on audiovisual imports this week. Far from it. An emergent China is increasingly relying on the WTO to make sure its exporters have fair access
      – Reuters  -  516 words
    • Article
      Lock icon China drafts anti-trust laws for foreign deals
      332 12 -Reuters [BEIJING] Draft anti-mo-nopoly rules issued by China propose restrictions on price agreements that could apply to deals reached by foreign companies beyond the country's borders, potentially in mining and other sectors. The draft rules were issued for public comment by the National
      -Reuters  -  332 words
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      2208 12 A WATS ACE ACHIEVE INFOCOM LIMITED Registration No. ***** (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Gallery, I I Level 4, Paramount Hotel, 25, Marine Parade, Singapore *****6 on Saturday, the
      2,208 words
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  • INDIA
    • Article, Illustration
      Lock icon Schools, malls close as H1N1 panic spreads
      657 13 -NYT But health experts are divided over the govt's response [NEW DELHI] India is struggling to cope with the spread of swine flu, with at least 17 deaths confirmed from the virus and nearly 1,200 diagnosed cases. The outbreak has sent a wave
      -NYT; REUTERS  -  657 words
    • Article
      Lock icon Corporate tax to fall to 25% in big India reforms
      467 13 Bloomberg Widening income tax base, scrapping equities trading tax also part of changes [NEW DELHI] India's government proposed reducing corporate tax rates to a record low while broadening the tax base to fund an expanding budget deficit in the biggest
      Bloomberg  -  467 words
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      357 13 Wondering where the best deal is, to hold that all-important meeting with overseas delegates? !f*M "*^sii From I August to 30 September 2009, book your group accommodation and a full day's meeting package for just Ss22s++* per person. *Terms and conditions apply. I MERITUS MANDARIN SINGAPORE www.meritus-hotels.com For enquiries and
      357 words
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  • WORLD
    • Article
      Lock icon Economic growth drives commodities
      603 15 Reuters The US Federal Reserve says the world's largest economy is showing signs of stabilisation [LONDON] Rising optimism about growth in France and Germany and a more positive assessment of US financial health helped spur a rally across commodities yesterday, while tight supplies swept sugar to
      Reuters  -  603 words
    • Article, Illustration
      Lock icon Sony to adopt common format for e-books
      591 15 NYT [NEW YORK] Sony Electronics, which sells e-book devices under the Reader brand, planned to announce yesterday that by the end of the year it will sell digital books only in the ePub format, an open standard created by a group including publishers
      NYT; REUTERS  -  591 words
    • Article
      Lock icon Aust parliament rejects carbon trade plan
      518 15 Reuters Govt renews pledge to push through the scheme before Dec [CANBERRA] Australia's parliament rejected a plan for the world's most ambitious emissions trade regime as expected yesterday, bringing the nation closer to a snap election and prolonging financial uncertainty for major emitters. Conservative
      – Reuters  -  518 words
    • Article, Illustration
      Lock icon Telstra H2 profit increases 22%
      330 15 Bloomberg [MELBOURNE] Australian phone company Telstra Corp reported that profit climbed 22 per cent in the fiscal second half as mobile phones overtook traditional fixed-line services for the first time. Net income rose to A 52.16 billion (552.58 billion) in the six months ended June
      – Bloomberg; AFP  -  330 words
    • Article
      Lock icon Madoff aide holds key to intrigue
      529 15 -NYT [NEW YORK] What does Frank DiPascali know that makes him such a desirable witness for the federal prosecutors investigating the vast Ponzi scheme run by Bernard L Madoff? And whom does he know it about? Federal filings made public when he pleaded guilty
      -NYT  -  529 words
    • Article
      Lock icon Bonus code sandwiches FSA against banks, lawmakers
      568 15 Bloomberg [LONDON] Britain's new code to curb the bonus culture that contributed to the global financial crisis heightened the tension the Financial Services Authority (FSA) faces from the banks it regulates and lawmakers. "The poor old FSA is the meat in the sandwich
      – Bloomberg  -  568 words
    • Article, Illustration
      Lock icon UBS to release names of clients suspected of tax evasion
      449 16 -NYT They include those using offshore entities to disguise their true ownership [NEW YORK] The Swiss banking giant ÜBS and the US Justice Department reached an accord on Wednesday that would force the bank to disclose the names of certain
      -NYT; REUTERS  -  449 words
    • Article
      Lock icon Ex-AIG execs to settle shareholder suit
      421 16 Reuters But insurance to foot most of USsllsm cost [NEW YORK] Former AIG chief executive Maurice "Hank" Greenberg and five other defendants have agreed to pay US$ll5 million to settle a shareholder lawsuit, according to a person familiar with the matter. The cost of
      – Reuters  -  421 words
    • Article, Illustration
      Lock icon Top hedge fund manager stocks up on banks, gold
      534 16 Reuters, AP [NEW YORK] Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter. A regulatory filing on Wednesday also
      – Reuters, AP; BLOOMBERG  -  534 words
    • Article
      Lock icon Citigroup hires external help for mgt review
      476 16 Reuters, AP [LONDON] US regulators have forced Citigroup to hire external consultants, who will determine whether the current management is capable of leading the company out of the financial crisis, The Financial Times reported on its website. The New York company has retained
      – Reuters, AP  -  476 words
    • Article
      Lock icon Citi trader exempt from pay czar's oversight: source
      472 16 Reuters [WASHINGTON] Citigroup Inc's contract with an energy trader who may be owed up to US$lOO million in compensation this year is exempt from rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday. While pay
      – Reuters  -  472 words
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      45 16 taWaJ THE HEARTBEAT OF THE INDIAN COMMUNITY 3 i BATTLE Influenza... Insufficient rain... Infiltration... These are India's concerns as it celebrates its 62nd Independence Day The miss and the dolphin Miss India Universe gears up for the jj contest in the Bahamas J^ m m
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Financing options to improve in 2010: Boeing
      317 17 Bloomberg It is optimistic over industry's funding capacity as market segments improve [SEATTLE] Boeing Co, the world's second biggest commercial-jet builder, said that customers' financing requirements have been "manageable" this year amid the recession, and funding options may expand next year. "Looking at
      – Bloomberg; AFP  -  317 words
    • Article
      Lock icon Delta plans domestic hub at LaGuardia
      495 17 Bloomberg [ATLANTA] Delta Air Lines, boosting its stake in the biggest US aviation market, will create a hub for domestic flights at New York's LaGuardia Airport in a swap of takeoff and landing slots with US Airways Group. Delta will get 125 of US
      Bloomberg  -  495 words
    • Article, Illustration
      Lock icon Mystery of missing ship Arctic Sea deepens
      389 17 -AFP [LONDON] Mystery deepened on Wednesday over a missing Russian-crewed cargo ship last seen in the English Channel last month, as specialists debated whether pirates, a mafia quarrel or a commercial dispute were to blame. Russian President Dmitry Medvedev ordered his navy to
      -AFP; REUTERS  -  389 words
    • Article
      Lock icon July container volumes hint at slowdown ending
      283 17  -  VINCENT WEE MPA figures show rise of 5.6% to 2.22 m TEUs By [SINGAPORE] Container throughput at the Port of Singapore last month suggests that the slowdown in trade seems to be bottoming out and perhaps easing, Maritime and Port Authority figures show.
      283 words
    • Article
      Lock icon Hutchison Port H1 profit in largest fall in 8 years
      304 17 Bloomberg [HONG KONG] Hutchison Whampoa Ltd's port unit, the world's largest container-ter-minal operator, posted a 35 per cent drop in profit, the biggest decline in at least eight years, as trade plunged amid the global recession. Hutchison Port Holdings Ltd's
      – Bloomberg  -  304 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2679 17 AIRLINE CODES: AA: Amencao Airlioes (AAL), AF: Air Fraoce (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:
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  • EDITORIAL & OPINION
    • Article
      Lock icon Regaining bank clients' confidence
      516 18 PRIVATE wealth management has been dealt a number of major setbacks in this latest financial crisis. The obvious one is that of the losses suffered by clients and the consequent surge of distrust. On a global scale, financial centres grapple with pressure from OECD for tax
      516 words
    • Article, Illustration
      Lock icon Hard lesson on credit card perils for China
      1369 18  -  MICHAEL WEI KIRBY CHIEN Reuters Unrestrained issuance, to even poor candidates such as students, leads to govt crackdown By and BEIJING retiree Yuan Yizhong cut up his son's seven credit cards with a pair of scissors in a frenzy of fury when
      – Reuters; REUTERS  -  1,369 words
    • Article, Illustration
      Lock icon Don't assume yen won't have its share of setbacks
      796 18  -  WILLIAM PESEK JR THE BOTTOM LINE FORGET all this chatter about finding a new reserve currency. We already have one, and it's called the yen. OK, stop laughing. Before dismissing the idea, consider how the yen is strengthening because investors figure
      796 words
    • Article, Illustration
      Lock icon Obama's looking at the bigger picture
      1398 19  -  LEON HADAR By not shaking up the political foundations, he's less likely to create conditions that could threaten his presidency OUR friendly Martian trying to make sense of the life and times of Barack Obama by monitoring what the members of America's chattering class
      AP  -  1,398 words
    • Article, Illustration
      Lock icon The annual litmus test
      1013 19  -  JOHN M GLIONNA -LAT-WP By E m VERY Aug 15, the normally serene Yasukuni shrine in the centre of Tokyo becomes the setting for a stakeout. The watchers are Japan's media. And they're watching for politicians, keeping count of who does and who does not show
      -LAT-WP  -  1,013 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8963 20 Transaction date: Aug 13 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr P/E Smil ian] 15.5 3 3148 8Telecom 8 2.5 5834 A-Sonic 27 12 5000 ABRHIdgs 12 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 82 26.5
      8,963 words
    • Article
      Lock icon SGX CATALIST
      1693 21 ligh Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 26 12 8538 t APStrategic 4 05 1501 s Advanced System 7.5 2 3480 t Adventus >3.5 8.5 3518 s Afor 12.5 2 1524 t Alantac 12 3.5 7814 t
      1,693 words
    • Article
      Lock icon SGX ETF
      396 21 Hi. Low Code Comi Sale fooo) Hi. Low Big Seller C'vr P/E ;mil 110 100 6389 ABFSG Bond ETF 108.5 815 427 CIMBAsean40 1OOUS$ IIS735 +7 273 149 DBS STI ETF 100 266 +6 3903 3534 DBXT DJE50 1OUS$ US3897 DBXTDJE5OSh 1OUS$ US3076 1682 DBXT FTChina25 1OUS$ IIS2969
      396 words
    • Article
      Lock icon CLOB INTERNATIONAL
      247 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
      247 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9245 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.952/ AIGIF S'pore Bond Fund/ A 1.3/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.04/ APS Alpha Fund (USD)!** 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5148/ APS Komaba
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      370 22 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Alll 12 World Index Preliminary 762.3 0.8 12.5 0.8 15.4 1.0 15.1 t EAFE Preliminai 728.1 0.3 12.2 0.3 16.8 0.6 16.1 Euro[ Prelim inan
      370 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 22 As at 9am Aug 13 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1940 1.2290 .an dollar 1.3160 1.3320 Euro 2.0400 2.0630 NZ dollar 0.9620 0.9820 iterlini ind 2.3670 2.3940 US dollar 1.4340 1.4500 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      176 22 Aug 13 $S Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 3/16 7/16 9/16 11/16 Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.39 0.50 0.60 0.95 1 40 1.50 Offer 0.25
      176 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 22 Aug 13 ten Hii Sett STI Aui 2589 2602 2599 IIMSCI Am 306.2 313.9 312.5 "aiwan Aui 248.1 255.9 255.3 Source: MF Global (S) He. Ltd
      29 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      18 22 Aug 13 Bid Offer -month 1.4421 1.4442 1.4422 1.4443 {-months 1.4423 1.4444 >-months 1.4425 1.4447
      18 words
    • Article
      Lock icon PALM OIL
      64 22 Aug 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Sep 09 2488 2525 2530 2464 1677 5727 Oct09 2467 2515 2521 2446 ***** ***** Nov09 2490 2489 2501 2435 6011 ***** Dec 09 2457 2485 2493 2435
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      288 22 Aug 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.5600 99.3900 99.0650 98.6000 6081 2258 3455 2435 EUROYEN TIBOR FUTURES SepO9 99.470 99.470 DecO9 Mar10 99.480 99.480 Jun10 Sep10 Dec10 Mar11 Jun11 99.465 99.470 99.470 99.475 99.470 99.455 99.405 99.360 99.275 99.215
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    • Article
      Lock icon SICOM FUTURES
      185 22 Aug 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Sep 09 Oct 09 NOV09 Dec 09 210.6 Jan 10 211.0 Feb 10 211.5 210.6 210.8 208.0 211.5 211.0 211.0 210.5 211.0 211.5 136 80 96 40 93 472
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 22 Aug 13 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi. Day's [h Low 3-Month BQ*****F 12.11.09 1-Year BY*****W 03.05.10 0.30 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's jh Low Hi, 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500
      90 words
    • Article
      Lock icon CHICAGO BOT
      102 22 Aug 12 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 09 1216.00 1216.50 1226.50 1190.00 Sep 09 1092.50 1097.50 1113.25 1074.50 Nov 09 1044.00 1038.50 1055.00 1016.25 Jan 10 1048.00 1042.00 1058.00 1019.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO9 38.47 38.02 38.51 37.63
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 22 CRUDE OIL PRODUCTS Aug 12 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 73.68 0.98 WTI (Near Mth) 70.26 0.88 Dubai (1-Mth F) 71.09 -1.49 Tapis blend 76.90 -1.80 Minas 74.50 -1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 70.00 77.80 -1.90 -1.95 US$/barrel US! Opec
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 22 Aug 13 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.913 5.735 0.589 6.505 40.439 83.338 0.809 10.373 2.950 1.245 69.272 40.225 1.211 6.715 0.903 27.600 28.572 0.507 0.839 Canada 1.095 6.279 0.645 7.122
      464 words
    • Article
      Lock icon SIBOR
      73 22 Aug 13 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 22 Aug 13 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2098 1.2122 0.8390 0.8395 Canadian dollar 1.3248 1.3270 0.9188 0.9190 Euro 2.0533 2.0565 1.4240 1.4243 NZ dollar 0.9718 0.9738 0.6740 0.6744 Sterlini md 2.3855 2.3895 1.6544 1.6549
      157 words
    • Article
      Lock icon PRECIOUS METALS
      141 22 Aug 13 GOLD (USS/oz) Aug 12 Aug 13 Hong Kong London 942.10 951.70 943.10 952.70 Aug 11 Aug 12 942.95 946.30 943.75 947.30 Source: Thomson Reuters CAST BAR (S$) Aug 13 Buying Sellinc Kilobar "47,105.68" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      141 words
    • Article
      Lock icon LONDON METALS
      61 22 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1951.75 months 1985.00 1896.50 1930.00 Copper, Grade A (US$/tonne) :ash months 6189.50 6190.00 6030.50 6039.00 .ead (US$/tonne) :ash months 1827.00 1846.00 1780.50 1800.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • Article
      Lock icon LIFFE
      73 22 Aug 12 :OCOA (Btonne) Close Prev Hii ih/Low SepO9 1810 1790 1816/1777 Dec 09 1839 1817 1843/1799 Mar 10 1845 1823 1848/1806 May 10 1839 1819 1841/1810 COFFEE (US$/tonne) Close Pev High/Low SepO9 1437 1452 1450/1431 Nov09 1460 1476 1474/1455 Jan 10 1471 1486 1484/1469 SUGAR (US tonne) White
      73 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2332 22 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 4 unch 171 >036AdvanceSCTLtdW*****9 0.5 1 15 3 4.63 1 87 1358 12.00 57 12 )092 Asia Environment W*****4 0.5 1 38 48 52.00 0 S816#
      2,332 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      2951 23 The Business Times Shipping Times Friday, August 14, 2009 23 A __n| WAN HAI INTERNATIONAL PTE LTD UEN: *****4.95 M I^h a^^F^l l^^i itlß^wivaiJ'^tjflfliv^SvSi V"TTi\ iaiali iiai i nirr til6226isss <nlines) fax:*****163 A^B 1 111 liTs^ll^B JBHjBI|WIHB!BjlllljjBB U^EnSBjmMmiSnSiSmSSM V\ Vl I WAN HAI INtS Fl* ll- tel- (°3> *****55S FAX:
      2,951 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      3299 24 r^VHBESEIi^SSIH! I \\JT\ eastern car liner, ltd inH sjslJ r///« I IT— I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I WEEIjLY EXP^ESS^ AILING HED _UL_ E l Im^HNG 1 50 26/08 ITToi" VISSIL I OT I S' W I "W"""' I ™B' Ja2'l wa' wsl[" IRISL, ASIA/MED EXPRESS
      3,299 words
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  • MUSIC
    • Article, Illustration
      Lock icon Searching for music's price
      821 25 KISS frontman Gene Simmons talks business with CHRISTOPHER LIM #OU should never give away music for free", declares Gene Simmons, bassist for perennially popular rock band KISS. "It's hippie, socialist nonsense." The backdrop for Simmons' dismissal of the increasingly popular practice of distributing music for free
      821 words
    • Article, Illustration
      Lock icon Serious music in quirky local releases
      631 25  -  CHRISTOPHER LIM CD REVIEW The Super Lard Bros OST The Lard Brothers Aging Youth Rating: B+ "Henri" The Fire Fight Wake Me Up Music Rating: B The Setting Sun Fjordne Kitchen Rating: B+ Realise Nathan Hartono Yellow Music Rating: B- By FEW things are
      631 words
    • Article, Illustration
      Lock icon Monteiro in Norwegian jazz exchange
      536 25  -  CHRISTOPHER LIM By THE collaborative nature of jazz lends itself to cultural exchanges, but Singapore's music ambassadors usually inhabit the realms of Mandarin pop and classical music. Jeremy Monteiro's been working hard to change that for years. After all, he's still the only Singaporean musician
      JEREMY MONTEIRO  -  536 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      20 25 Lianhe Zaobao I With state-owned I companies as I "new landlords" China's property I market I I red-hot again I
      20 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      511 25 w^notice; I S DATA POWERMATIC DATA SYSTEMS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0414E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of the Members of Powermatic Data Systems Limited (the "Company") will be held at 135 Joo
      511 words
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      544 26 A show for the whole family His for Hantu is a, musical around an evening with a family ofpeople took part in street production. Silence is his T.H.E hhhmm^^^ comedy for the whole family, of three- an ageing dying mother protests across Myanmar asking Dance Company's biggest to date, featuring
      544 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      331 27 CRYPTIC CROSSWORD ACROSS 4 a second order of clergy (7) 1 Kind enough to study team 5 t s used in casting part of a and make an assessment fj| m (4) (H' 6 College threesome (7) 9 A symptom of fever like a Minimum in vestmentfor pahot head W
      331 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Pedal power to the fore
      1548 30 Colourful spandex and fast bikes are now a common sight on Singapore roads as the cycling community blossoms, reports ONG BOON KIAT #'M a speed maniac," concedes Tan Yen Yen, who by day is the Singapore managing director of Hewlett-Packard but, come weekends, trades in
      JEFFERY TEO  -  1,548 words
    • ARTS
      • Article, Illustration
        Lock icon How to make it look good on paper
        754 26 Chun Kwang-Young's picture planes are awesome, reports MADHVI SUBRAHMANIAN DESERTS and oceans are made grain by grain and drop by drop. While each grain or drop in itself is a marvel, the universe created by the collective is simply astounding. Chun Kwang-Young's
        754 words
      • Article, Illustration
        Lock icon A harvest resonating with colour
        664 26  -  MADHVI SUBRAHMANIAN By THERE is a great deal of international interest in contemporary Indian art today, said to be the next frontier. Although the recent economic downturn has had some impact on the Indian art market, market watchers believe that demand is relatively buoyant and
        664 words
      • Article, Illustration
        Lock icon Young, unknown artists on auction
        263 26  -  WOON TAI HO By A NEW auction house is putting the whole notion of auction on its head. Their focus: unknown young artists. In a one-day auction this Sunday at Comtech along Alexandra Road (not in a downtown hotel), Auction Channel, a newly formed Singapore-based
        263 words
      • Article, Illustration
        Lock icon Loaded with layers of meaning
        418 26  -  AMANDA DE GUZMAN By WHAT'S in a name? Well, in the case of FOST Gallery's new exhibition, plenty. "The title is quite loaded," says Stephanie Fong, the director of the gallery who curated and conceptualised The Natural Progression, an show featuring an eclectic collection of
        418 words
    • WINE
      • Article, Illustration
        Lock icon Mondavi's standout Pinot
        1186 27 N K YONG continues his series of blind tastings of Pinot Noirs from around the world IT was Robert Mondavi's avowed aim to make wines that stand "shoulder-to-shoulder with the finest wines of the world". I well remember that on the several occasions I had the honour
        1,186 words
    • CINEMA
      • Article, Illustration
        Lock icon Ghost in the Neo machine
        509 28  -  GEOFFREY EU By WHEN it comes to that cinematic genre known as the made-for-Singapore movie, Jack Neo is in a category of one. With his new release Where Got Ghost?, Jack be both nimble and quick when it comes to making a comedyhorror flick. Of
        FILE PHOTO  -  509 words
      • Article, Illustration
        Lock icon The art of making lost causes work out
        675 28 Management makes astute observations about life and love, says GEOFFREY EU AT a time when big-budget, effectsdriven summer blockbusters are ruling the box office roost, it's encouraging to see a low-key indie release like Management cut through the mindless clutter and deliver
        BLOOMBERG  -  675 words
      • DVD REVIEWS
        • Article, Illustration
          Lock icon Conspiracy thriller with poor pacing
          467 28  -  CHRISTOPHER LIM By The International is not one of those cathartic flicks you watch on weekday nights to convince yourself that the good guys always win in the end. It's ploddingly paced and pessimistic, and therefore demands one of those languorous weekends where you've got
          467 words
        • Article, Illustration
          Lock icon Mediocre in attempts at puerility and cleverness
          478 28  -  AMANDA DE GUZMAN By THE time when aggressively juvenile teen sex comedies reigned supreme seems to have passed, with movies such as American Pie and Road Trip seeming like relics. With the influx of some smarts in the genre of gross-out humour mostly
          478 words
    • COVER STORY/GAMING
      • Article, Illustration
        Lock icon Helping hands on two wheels
        566 29  -  ONG BOON KIAT By CYCLING fundraisers are not uncommon. But Charity Bike 'n' Blade (BnB) a fundraising event run by a group of tech industry professionals and cycling enthusiasts here has achieved an uncommon target this year. At a time when companies and individuals are
        JEFFERY TEO  -  566 words
      • Article, Illustration
        Lock icon Nostalgic trip, but game-play is a bust
        586 29  -  WINSTON CHAI By GAMES that are based on recent movies have largely proven to be nothing more than another quick-and-dirty way of beefing up the franchise. Against the low baseline, Ghostbusters: The Video Game fares well with its original storyline and stunning graphics.
        586 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      26 30 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868 E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
      26 words
  • Page 30 Miscellaneous