The Business Times, 10 August 2007
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2007-08-10
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The Business Times
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Title Section21 2007-08-10 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial.com.sg bbt a Singapore press holdings publication mica (p) 202/12/2006 Friday, August 10,200721 words
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Article, Illustration884 2007-08-10 1 Reuters, Bloomberg, NYT NP's freezing of USs2b withdrawal from funds triggers sell-off [LONDON] World financial markets tumbled yesterday as the US subprime fallout spread; forcing both the US Federal Reserve and European Central Bank (ECB) to pump in emergency liquidity amid the tighteningReuters,; Bloomberg,; NYT - 884 words
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Article, Illustration48 2007-08-10 1 [SINGAPORE] An explosion of fireworks lighting up the sky around Marina Bay last night in the grand finale of the National Day Parade 2007, delighting thousands of spectators. Fireworks have been the highlight of every parade since 1966. MORE PICTURES ON PAGE 4 YEN MENG JIINYEN MENG JIIN - 48 words
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MARKETS DIGEST
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Article48 2007-08-10 1 lursday 1,313.39 lange +6.22 KLCOMP NIKKEI 225 17,170.60 +141.32 HANG SENG 22,439.44 -97.31 SET INDEX 811.83 -19.81 JAKARtA COMP 2,241.40 -21.23 MANILA COMP 3,385.20 +9.29 SEOUL COMP 1,908.68 +5.27 SHENZHEN B 792.12 +7.25 MUMBAI IND 15,100.15 -207.83 12 NOON EDT Change DOW 13,531.61 -126.25 NASDAI 2,597.17 -15.8148 words
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Article29 2007-08-10 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.718 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.48 INDIA 12.75 Source:Bloomberg - 29 words
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Article43 2007-08-10 1 us: S$ US$ (S$ per US$) 1.514 (USS/SS per 2.022 3.062 EURO(US$/S$/E) 1.375 2.082 YEN 119.20 78.70 RM 3.459 2.284 HK$ 7.829 5.170 BAHT 31.10 20.54 RUPIAH 9,295 6,138 RENMINBI 7.576 5.002 INDIAN RUPEE 40.49 26.74 A$ 1.167 0.770 NZ$ 1.313 0.86743 words
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Page 1 Advertisements
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Page 1 Miscellaneous
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Miscellaneous51 2007-08-10 1 i^i PRINT WARS HOCK LOCK SIEW 9 EDITORIAL ECONOMY WATCH V Murdoch's Journal Can SIA stock jgj OPINION Bush mulls plan to 79 prepares to take on NYT still surprise? E^il Offshore services cut taxes for US firms EL B^^ page 2 page 6 WW get personal PAGE 19 PAGE51 words
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Miscellaneous31 2007-08-10 1 EXECUTIVE W LIFESTYLE W MUSIC TO M THEIR EARS M Jj^ concert scene PAGE 28 FILM J 1^ Making a song about 'getai' NIGHT OUT Blending alcohol with art PAGE 2531 words
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TOP STORIES
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Article, Illustration395 2007-08-10 2 WEE LI- EN - WEE LI-EN He faces a suit by a former remisier with the company By [SINGAPORE] Westcomb Financial Group founder Choo Chee Kong is appealing against a court's decision to allow a lawsuit filed against him by a former remisier with the company. The395 words
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Article771 2007-08-10 2 Bloomberg, Reuters, NYT Sub-prime impact on big banks expected to be limited: IMF [NEW YORK] The US economy will grow less than previously forecast as a rout in sub-prime borrowing hampers consumer spending, according to economists. Growth will slow to an average 2.6 perBloomberg, Reuters, NYT - 771 words
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452 2007-08-10 2 Bloomberg He will invest in Europe, Asia, add non-business news [NEW YORK] News Corp chairman Rupert Murdoch said he will take on the New York Times once his purchase of Dow Jones Co is complete by expanding non-business coverage at the Wall StreetBloomberg - 452 words
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THREE-MINUTE DIGEST
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73 2007-08-10 2 THE US economy will grow less than previously forecast as a rout in sub-prime borrowing hampers consumer spending, according to economists. Growth will slow to an average 2.6 per cent annual pace in the second half of the year, 0.2 percentage point73 words
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108 2007-08-10 2 A DECADE after the region's economic crisis, some of the problems that plagued Thailand continue to linger with little chance of settlement. This is happening even as the country's equity and capital markets are hitting a 10-year high each passing day.108 words
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76 2007-08-10 2 VITA Holdings, which is mainly involved in shipping and property leasing and management business, yesterday said that it will be developing a US$4l.5 million hotel in Vietnam. The company will take a 65 per cent stake in a business contract to76 words
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55 2007-08-10 2 ASIA Water Technology, a water purification and wastewater treatment specialist, is issuing up to US$6O million in structured and convertible bonds to take on bigger projects in China, the company said in a statement. It will also issue warrants to the bond55 words
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64 2007-08-10 2 US PRESIDENT George W Bush is considering a fresh plan to cut tax rates for US corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending64 words
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83 2007-08-10 2 I MALAYSIA'S drive for better service in the property sector seems to have backfired on some developers the speedier issue of strata titles has made it easier for the authorities to track those that have not met bumiputra housing quotas. This has been83 words
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56 2007-08-10 2 INDONESIA'S state oil company Pertamina and its counterparts in Malaysia and Vietnam will spend US$7.6 million in the next three years to explore and produce oil and gas in East Java. The three-way deal was signed in Jakarta yesterday by Pertamina,56 words
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52 2007-08-10 2 AREVA SA, the world's largest maker of nuclear power stations, and General Electric Co are among four companies poised to share US$l4 billion of orders from India as nations led by the US prepare to lift a 33-year ban. INDIA,52 words
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Page 2 Advertisements
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Advertisement507 2007-08-10 2 i T W VM ********** fc^tfj j^ HHHHHHHHHH Taste ll» AUTHENTIC INDIAN RECIPE BB^PBJ BBJB^H pW The Great Family Carnival &({Spd<M> &&p£* INDIA U@S£l¥Ol Celebrating the spirit of India in its 60th year of India Carnival 15-19 Aug 2007, independence, Zak has created a platform namely 'ZAK 17-19 Aug 2007,507 words
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Advertisement20 2007-08-10 2 people t Your search VVOrK ends here. www.thepeopleatwork.com Asia-Pacific Executive Search T IRIVRREB SJggßfffigg ISC" M M In BllilllllW H|20 words
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Page 3 Advertisements
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Advertisement311 2007-08-10 3 SHwtorrWW A landmark development above Clarke Quay MRT, next to Singapore River Office space from 600 sq ft to 13,300 sq ft WaterFront Hotel W Liang -;A Court Ol For^ For any business that is in the market for office space, investing in Offices at Central a Ij\ Park 9311 words
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NATIONAL DAY PARADE
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Article, Illustration99 2007-08-10 4 SINGAPORE marked its 42nd birthday with a big extravaganza on a floating platform in Marina Bay yesterday. The mood was upbeat as the crowd savoured every moment from the thrilling freefall display by the Red Lions skydiving team, the aerial displays of the airforce jetsYEN MENG JIIN, STEPHANIE YEOW, ALAN LIM, ASHLEIGH SIM, BRYAN VAN DER BEEK, AP - 99 words
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Page 4 Advertisements
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Advertisement141 2007-08-10 4 Sentry Key Engine Immobiliser safeguards The most advanced airbag car from theft system with i Structural safety cage and multi-stage front; > v side guard door beams supplemental side-curtain; Energy absorbing protect occupants »side seat mounted airbags steering column Jfe J for driver safety 89f -9S^ Advanced seat belt system141 words
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Page 5 Advertisements
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Advertisement137 2007-08-10 5 i^BHBBBVB^M^Iwf^TaSH BBfllfiißiiiiro WBg ,F ;=r/ n»^ -y 5y afESS M» |MB IMir/i? T'» ■■iiiiiiiiiiiiiiaaaaaaaaaaaaaaaaanaaia—» ti>ia*aMMMM«M MMawM mmmmammmtmmmmmimmmmmim JJ""?""""*"""""'""""?"""""'"""""' aaSLaaaaiiaßaaaaaaaaßaSiaßaZ a B a E a BBs aa BSi^EaßaaMaaas IjigMgnigjjM^iij—^—Mra^^ |HOHniBnBBBBB9IB^fIBBBBBBBH|BSBBBBBBBnnnBBBBBBBH B^rffljOgg^Bßßßaßl BPBMB BH MBB ***** Be 388 BmE Hi BfIBMB BBW ■pi n H H ■■Ldfl Kua^l lu^LV IL^^LV Ht^^l BS^LV137 words
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COMPANY NEWS
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Article682 2007-08-10 6 YEN SREENIVASAN - YEN SREENIVASAN THE fear gripping the market over the past couple of weeks has led to indiscriminate selling of counters across the board, regardless of fundamentals. How long this will go on is anyone's guess. Wednesday's recovery has prompted hopes that sentiment will stabilise within682 words
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211 2007-08-10 6 SITRA Holdings (International), a distributor of wood-based products and furniture, has reported a 15.5 per cent drop in net profit to $1.24 million for the six months ended June 30, 2007. Similarly, first-half turnover fell 2.4 per cent to $33.8 million while211 words
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1216 2007-08-10 6 Debt and bankruptcy issues hit Thai Wah and Blue Canyon Country Club By OUR CORRESPONDENT in Bangkok A DECADE after the region's economic crisis, some of the problems that plagued Thailand continue to linger with little chance of settlement. This is happening even as1,216 words
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228 2007-08-10 7 INDONESIA'S Lippo Group is the latest diamond sponsor of The Bull Run 2007, bringing the amount of funds raised to some $I.smillion. In a statement, the Singapore Exchange (SGX) said Lippo will contribute $100,000 to the run, now in its fourth228 words
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265 2007-08-10 7 OH BOON PING - OH BOON PING Company plans to take on bigger projects in China ASIA Water Technology, a water purification and wastewater treatment specialist, is issuing up to US$6O million in structured and convertible bonds to take on bigger projects in China. In a265 words
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Article, Illustration392 2007-08-10 7 UMA SHANKARI - UMA SHANKARI It will have 65% share in contract to develop a USs4l.sm hotel in Hanoi VITA Holdings, which is mainly involved in shipping and property leasing and management business, yesterday said that it will be developing a US$4l.5 million hotel in Vietnam.392 words
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Page 6 Advertisements
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Advertisement389 2007-08-10 6 SUNMART HOLDINGS LIMITED .1 (Incorporated in Singapore on 9 January 2006) (Company Registration Number *****0432W) \BL 1 Invitation in respect of 102,000,000 New Shares comprising: (a) 5,100,000 Offer Shares at 550.25 for each Offer Share by way of public offer; and (b) 96,900,000 Placement Shares at 550.25 for each Placement389 words
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Advertisement269 2007-08-10 6 \frc% Chartered Financial Analyst (CFA®) Why CFA®? It's not just a name, it's an identity. A prestigious professional qualification in the financial industry. Wsf New Class! Course fee: 552.140 (GST included) Study materials: SCHWESER study notes and Pro Qbank, Plus! Four online tests Plus! Lecture notes Class start date: 14269 words
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Advertisement23 2007-08-10 6 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES23 words
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Page 7 Advertisements
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Advertisement14 2007-08-10 7 mstifl flmtoefte *c &GOODcnafione mioswaeies. putts courtesy of i^4|£2S3 them lw in in —s«iw14 words
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Advertisement374 2007-08-10 7 1)1 UNI-ASIA j|r FINANCE CORPORATION ncorporated in the Cayman Islands with limited liability on 17 March 1997) Company Registration Number: CR-***** *Br* <sAl,„loses5 Al ,„loses s^ r at% goT2o°7 r £-uo noo Mflß HbWBF invitation in respect of 65,400,000 new SHARES OF US$O.l6 EACH:a) 3,300,000 Offer Shares at 550.55 each374 words
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SINGAPORE NEWS
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Article, Illustration726 2007-08-10 8 MATTHEW PHAN - MATTHEW PHAN Areena Ng, who has set up two schools, wins DHL award IS your child intelligent but somehow underperforms at school? Do teachers complain about naughtiness or lack of attention? Or is your child struggling in the normal stream but too726 words
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191 2007-08-10 8 Areena Ng of Bridge Learning receives $5,000 in prize money DHL launched the Young Entrepreneur for Sustainability (YES) Awards in the Asia-Pacific this year, in support of the United Nations' Millennium Development Goals. The awards were judged by a panel of191 words
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Article, Illustration221 2007-08-10 8 INDIA is coming to Singapore in what is touted to be the largest "source from India" trade show here so far. Salaam India organised by The Associated Chambers of Commerce and Industry of India, the Singapore Indian Chamber of Commerce Industry and221 words
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Page 8 Advertisements
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Advertisement229 2007-08-10 8 From 30% to 50% off Offermann Trolley and Cabin Bags, Computer Trolley Bags, Garment Trolley Bags, Briefcases and many small items made with canvas or fine pure leather. Goldpfeil Travel Bags, Cabin Trolley, Suite Bags, Handmade Briefcases and Leather Wallets Rimowa m Jl mmh\ I i'C 11 Luggages, pilot cases,229 words
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ECONOMY WATCH
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Article, Illustration809 2007-08-10 9 Washington Post Move will make them competitive abroad but further inflame Congress [WASHINGTON] US President George W Bush said on Wednesday that he is considering a fresh plan to cut tax rates for US corporations to make them moreWashington Post - 809 words
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Article688 2007-08-10 9 Reuters What homeowners spent on could decide severity of economic slowdown [WASHINGTON] In just eight words, the Federal Reserve waded deeper into a touchy debate over whether consumer spending can stand up to a housing market downturn. At issue is how Americans spent hundreds of– Reuters - 688 words
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254 2007-08-10 9 Bloomberg [BANGKOK] Thailand's consumer confidence declined in July to the lowest level in five years as anti-government protests led to the arrest of critics of the military junta that seized power in a coup last September. An index of confidence dropped to 70 fromBloomberg - 254 words
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Page 9 Advertisements
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Advertisement150 2007-08-10 9 CEVA is a new name in contract logistics company. Today, our making supply chains transparent and logistics. Never- theless, we already independent status ensures even by promoting flexibility. As the leader have an impressive track record. As greater effectiveness and efficiency of the pack we have the scale to be150 words
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Advertisement13 2007-08-10 9 II Amm i J WTTtiTTTTk^ Rtßti1 WOT jggz*** *> !«HH»mHX[i.iiililJli.fflij^^ BBBBWHBBH I is si13 words
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MALAYSIA/INDONESIA
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Article, Illustration665 2007-08-10 10 PAULINE NG - PAULINE NG Faster issue of strata titles allows authorities to keep track of laggards MALAYSIA'S drive for better service in the property sector seems to have backfired on some developers the speedier issue of strata titles has made it easier for the authoritiesBLOOMBERG - 665 words
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Article2422 2007-08-10 10 VOL C000) lug 9 RM \&M Realty 3.12 \bricBhd 0.32 \dvance Synergy 0.37 \dventaBhd 1.67 \eMulti Hldgs 0.30 \ffin Holdings 2.60 \hmad Zaki Resou 4.76 Me Corp 0.58 Mrasia Bhd 1.99 \kn Messaging Te 0.25 \kn Technology 0.91 Muminium Co 1.29 Amalgamated Ind 0.58 \minvestment Grp 3.56 \mmb2,422 words
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240 2007-08-10 10 Reuters [JAKARTA] Indonesia's state oil firm PT Pertamina is restarting its 125,000 barrel per day (bpd) Balongan refinery in West Java after shutting it down earlier yesterday when a strong earthquake affected its power supply. A company official said Pertamina had no immediate plansReuters - 240 words
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386 2007-08-10 10 LAUREL TEO - LAUREL TEO INDONESIA'S state oil company Pertamina and its counterparts in Malaysia and Vietnam will spend US$7.6 million in the next three years to explore and produce oil and gas in East Java. The three-way deal was signed at the Mandarin386 words
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385 2007-08-10 10 LAUREL TEO - LAUREL TEO INDONESIA'S biggest listed oil and gas producer, Medco Energi, has teamed up with frequent partner Kuwait Energy Company for a stake in an upcoming Somali state oil firm. The deal is pending approval from Somalia's Parliament, which is debating385 words
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597 2007-08-10 10 Reuters [VAN, Malaysia] Rice farmers, not the oil industry, could make the most money from Malaysia's bold plan to build a US$7 billion pipeline across the country. In the sleepy coastal town of Van, the proposed starting point for the pipeline, farmersReuters - 597 words
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INDIA
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Article, Illustration587 2007-08-10 11 Bloomberg They are part of India's plans to build 40,000 MW of capacity by 2020 [MUMBAI] Areva SA, the world's largest maker of nuclear power stations, and General Electric Co are among four companies poised to share US$l4 billion of orders from– Bloomberg - 587 words
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Article, Illustration827 2007-08-10 11 Reuters [MUMBAI] Wal-Mart Stores Inc's final entry into India after a long delay may fuel intense opposition to foreign retailers, forcing the government to move even more cautiously and slowing the ambitions of other incomers. Protests against Wal-Mart and even new-ly-opened stores byReuters; AP - 827 words
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315 2007-08-10 11 Bloomberg [NEW DELHI] India's industrial production growth probably slowed for a third month in June as higher interest rates curbed consumer spending. Production at factories, utilities and mines rose 11 per cent from a year earlier, following an 11.1 per cent gain in May,Bloomberg - 315 words
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103 2007-08-10 11 Reuters [MUMBAI] India's top vehicle maker, Tata Motors, may have to go through an auction to get control of premium brands Jaguar and Land Rover, the Business Standard said yesterday, citing sources. US carmaker Ford Motor Co, which owns the brands, was likelyReuters - 103 words
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Page 11 Advertisements
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Advertisement283 2007-08-10 11 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff283 words
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GREATER CHINA
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Article435 2007-08-10 12 JANE MOIR - JANE MOIR Stock exchange sues newspaper holding company for unpaid listing fees of up to HK$6OO,OOO By in Hong Kong THE woes of one of Hong Kong's oldest Chinese-language newspapers are deepening, with the market regulator filing a lawsuit against the publication's holding company to435 words
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588 2007-08-10 12 Reuters They can buy foreign exchange, remit the money overseas [BEIJING] China yesterday flagged steps to boost its domestic bond market and encourage more capital outflows to help relieve upward pressure on the yuan. Economists said the initiative shows Beijing– Reuters - 588 words
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Article, Illustration613 2007-08-10 12 Reuters [BEIJING] China's ability to calm its red-hot stock market is being compromised by state firms betting on shares rather than the flood of retail investors commonly blamed for fuelling the bubble. The Shanghai Composite index is the world's best performingReuters; REUTERS - 613 words
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381 2007-08-10 12 Bloomberg [HONG KONG] Swire Pacific Ltd, the Hong Kong investment company that bottles Coca-Cola and controls the city's biggest airline, said first-half underlying earnings surged 51 per cent on gains from selling a stake in a container terminal. Earnings excluding gains from property revaluationBloomberg - 381 words
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405 2007-08-10 12 Reuters [SHANGHAI] Cinda Asset Management Co, one of China's four state-owned debt clearers, will launch a securities house soon to expand into the country's roaring stock market, sources familiar with the situation said yesterday. Cinda Securities, based in Beijing, will become a fullyReuters - 405 words
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Page 12 Advertisements
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Advertisement582 2007-08-10 12 *^(GET YOURS B^ m 9 In this month's GameAxis/L33T, we explore the serious business of character costumes and cosplay, and take you also into the demonically-infested world of Hellgate: London. Grab this month's issue for all the latest and L33Test in gaming and pop culture! Lianhe Zaobao Develop I HK582 words
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MIDDLE EAST
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313 2007-08-10 13 Reuters [KUWAIT] Kuwait's Tamdeen Investment Co, the second-largest shareholder in Ahli United Bank, said on Wednesday it had rejected an offer by International Bank of Qatar to buy into Ahli, Bahrain's biggest lender. Tamdeen, which holds 13 per cent of Ahli United, saidReuters - 313 words
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375 2007-08-10 13 Bloomberg Its 230 kronor a share purchase price tops Nasdaq's 208.1 kronor offer [STOCKHOLM] Borse Dubai, which controls the emirate's two stock exchanges, plans to buy at least 25 per cent of Swedish exchange OMX AB for 230 kronor a share, moreBloomberg - 375 words
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Advertisement4048 2007-08-10 13 IN THE MATTER OF IN THE MATTER OF THE COMPANIES IN THE MATTER OF IN THE MATTER OF I 1 I THE COMPANIES ACT, CAP. 50 ACT, CAP. 50 THE COMPANIES Aa, CAP. 50 I) EARMARK PROPERTY PTE LTD IN THE MATTER OF THE AND AND ...™.AM™„. (Co. Reg. No4,048 words
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ASIA-PACIFIC/WORLD
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554 2007-08-10 14 Bloomberg The insurer is 'very comfortable' despite sub-prime mortgage market woes [NEW YORK] American International Group (AIG), the world's largest insurer, said second quarter profit rose 34 per cent on higher income from private equity and hedge fund investments. The– Bloomberg - 554 words
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300 2007-08-10 14 Bloomberg [LONDON] Two-thirds of the executives surveyed by a UK law firm expect a large number of corporate spin-offs in the next 12 months as hedge fund managers and investors push to improve shareholder value. Almost 90 per cent of executives at theBloomberg - 300 words
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548 2007-08-10 14 -Bloomberg Airlines complain of poor quality of service and facilities [LONDON] The UK's top an-ti-trust regulator will investigate how BAA operates and invests to decide whether to break up the owner of London's Heathrow, Gatwick and Stansted airports. The Competition Commission will examine-Bloomberg - 548 words
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427 2007-08-10 14 Reuters [BANGKOK] Thailand's army-backed government is going to struggle to push through its proposed tightening of laws for foreign investors before its postcoup, one-year term ends in December, senior business figures said yesterday. "Time is limited," Kiat Sittheeamorn, a former InternationalReuters - 427 words
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387 2007-08-10 14 -AP [SAN FRANCISCO] Google Inc is giving the subjects of news stories a way to comment on articles written about them. The online search leader launched an experimental feature this week on its Google News site in the US that allows-AP - 387 words
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Article, Illustration370 2007-08-10 14 Reuters [TOKYO] Dubai-based Istithmar is set to buy Jones Apparel Group Inc's Barneys New York for U*****.3 million after Japanese casual clothing retailer Fast Retailing yesterday pulled out of the bidding war. The retreat by Fast Retailing ended a month-long tug-of-war overReuters; AFP - 370 words
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Article164 2007-08-10 14 Bloomberg [TAIPEI] Flash memory prices rose as much as 25 per cent, the most in four months, after a power outage disrupted production at Samsung Electronics this month, said Dramexchange.com, Asia's largest market for memory chips. The average gain in contract prices for the chip,Bloomberg - 164 words
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AVIATION
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258 2007-08-10 15 Reuters 11 of the 13 have now changed their advertisements and websites [LONDON] Britain said yesterday it had taken action against 13 airlines that had not included full details of compulsory costs, such as taxes, in the prices they advertised for flights.Reuters - 258 words
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Article, Illustration644 2007-08-10 15 -AP [NEW YORK] Just as major US airlines are beginning to return to profitability after cutting capacity to lower costs and boost profits, Virgin America has entered the fray. Virgin America's inaugural flights, which could mark the beginning of stiffer price competition in the United-AP; AFP - 644 words
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Article190 2007-08-10 15 Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest airline, named former Rio Tinto chief executive officer Leigh Clifford chairman. He replaces Margaret Jackson, who is retiring after supporting a failed Asll.l billion (5514.4 billion) buyout. Mr Clifford, 59, who retired from Rio Tinto in April, will joinBloomberg - 190 words
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561 2007-08-10 15 Bloomberg TOULOUSE] Air France<LM Group, Europe's biggest airline, said first-quar-;er profit rose a great-3r-than-expected 70 per cent because of greater demand for trans-Atlantic lights, the sale of assets md lower costs from contained purchasing. Net income in the three nonths ended June 30 increased– Bloomberg - 561 words
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189 2007-08-10 15 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, the world's fourth-largest international cargo carrier, has forecast cargo yield to be higher in the second half of the year as demand to carry computer components and auto parts surges. "We are heading into theBloomberg - 189 words
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Article2356 2007-08-10 15 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), BR2,356 words
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SHIPPING
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838 2007-08-10 16 SELVA KUMAR - SELVA KUMAR ADMIRALTY CASEBOOK Freighters have a duty to ensure that vessels are in good condition at the start of a voyage UST because a barge did not give way before departure does not mean that the barge was seaworthy at the J838 words
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232 2007-08-10 16 r Bloomberg [TOKYO] Shares of Kawasaki Kisen Kaisha Ltd, which fell the most since 2005 yesterday, dropped for a third day on concern that a decline in an index of prices for shipping goods signalled demand may slump. Shares of Japan's third-largest shippingr Bloomberg - 232 words
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Article492 2007-08-10 16 Bloomberg [SHANGHAI] China Shipping Container Lines Co, whose shares have more than tripled this year, plans to sell stock in China this year after first-half profit jumped more than 14-fold on improved shipping rates and higher cargo volume. The share sale will fund the purchaseBloomberg - 492 words
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Article, Illustration655 2007-08-10 16 Bloomberg [HANOVER] TUI AG, Europe's largest travel company and the owner of the Hapag-Lloyd shipping line, said sales fell for a third straight quarter after higher airline taxes and warm April weather encouraged Britons to stay home. TUI, which runsBloomberg; BLOOMBERG - 655 words
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144 2007-08-10 16 Reuters [KUALA LUMPUR] Vietnamese fishermen flying a Malaysian flag as a decoy while sailing in Malaysia's northeastern waters gave the game away by mistakenly flying it upside down. This is an unusual mistake, because "Stripes of Glory" as the flag is known at home,Reuters - 144 words
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329 2007-08-10 16 Its privatisation could be valued at as much as RM5OOm [KUALA LUMPUR] Three parties have made bids to take over Penang Port Sdn Bhd (PPSB), the country's oldest port operator, Malaysia's Business Times quoted an executive working for one ofthe bidders as saying329 words
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394 2007-08-10 16 ■AP [OSLO] Ice that broke off a glacier hit a sightseeing ship with 72 people aboard off the Svalbard Islands in the Arctic, injuring 18, two seriously, police and the tour operator said yesterday. Jan Tommervold, a deputy sheriff on Svalbard,■AP - 394 words
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TRANSPORT STOCKS
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Article107 2007-08-10 16 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures Keppel Corp Labroy Marine MTQ Corp NOL Pacific Shipping Pan-United Corp Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.86 0.38 5.05 0.91 5.95 0.93107 words
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Article40 2007-08-10 16 '000 Aug 9 Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 1.55 9.85 9.85 4.08 3.00 0.27 2.38 -0.02 0.05 0.05 -0.02 -0.06 -0.01 0.18 167 33 226 1115 619 70 440 words
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Article14 2007-08-10 16 '00 Baht Vol Precious Ship Regional Cont 32.50 32.25 -1.50 -0.75 3638 50214 words
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Article11 2007-08-10 16 '000 poil Singamas Cont .87.80 ...5.40 0.90 0.31 1690 402411 words
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Article25 2007-08-10 16 '000 Am Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 30.50 1.90 1.80 0.10 1.50 unch -0.60 8496 1779 25 325 words
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Article22 2007-08-10 16 Evergreen Marine ...23.00 First Steamship 83.00 Wan Hai Lines 24.50 Yang Ming Marine...25.20 0.20 4.10 0.10 0.25 7 8 4 1622 words
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Article43 2007-08-10 16 '000 Am Yen Vol Kawasaki Hvy Ind ..528.00 14.00 ***** Kawasaki Kisen ....1514.00 -32.00 ***** Mitsubishi Hvy 819.00 lunch ***** Mitsui Eng&Sbldg...713.00 3.00 ***** Mitsui Osk Lines ...1709.00 -45.00 ***** Nippon Express 591.00 -27.00 ***** Nippon Yusen 1115.00 -36.00 ***** Source: Reuters43 words
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Page 16 Advertisements
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Advertisement22 2007-08-10 16 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. I22 words
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FINANCE & COMMODITIES
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365 2007-08-10 17 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug 8 World Index Preliminan 1152.7 1.3 4.7 1.0 5.3 1.4 6.9 EAFE Prel liminan 1151.6 1.6 4.0 1.4 6.0 1.8 7.6 Euri Preliminary 1564.9 1.8 4.8 1.9 7.6 2.3 9.3 Pacific365 words
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Article137 2007-08-10 17 AS at 9am Aug 8 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2910 1.3060 Can dollar 1.4280 1.4450 Euro 2.0710 2.0940 Malaysian ringgit* 0.4375 0.4381 NZ dollar 1.1440 1.1690 jterlin mnd 3.0450 3.0790 US dollar 1.5060 1.5220 Local dollars to137 words
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Article166 2007-08-10 17 Aug 8 $S Offer Overnight 2 1/4 1 -month 2 1 11 2-months 2 9/16 3-months 2 5/8 Overnight mode: 2 5/16 US$ Offer 2 1/8 2 3/8 2 7/16 2 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months Sfr166 words
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Article22 2007-08-10 17 Aug 8 STI SIMSCI Aui 403.6 421 419.2 Taiwan Aui 342.2 351.1 350.1 Source: Man Financial (S) Pte Ltd22 words
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Article22 2007-08-10 17 Aug 8 SS Bid Offer 1-month 1.5102 1.5113 2-months 1.5065 1.5077 3-months 1.5032 1.5044 6-months 1.4940 1.4953 Source: OCBC22 words
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Article158 2007-08-10 17 Aug 8 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2974 1.2990 0.8570 0.8575 Canadian dollar 1.4366 1.4380 0.9489 0.9492 Euro 2.0807 2.0825 1.3744 1.3747 NZ dollar 1.1524 1.1547 0.7612 0.7622 jterlim ind 3.0613 3.0637 2.0221 2.0224158 words
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Article306 2007-08-10 17 Aug 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO7 DecO7 MarO8 JunO8 94.690 94.955 95.135 95.195 0 0 0 0 9273 ***** ***** 7206 EUROYEN FUTURES SepO7 99.125 99.160 DecO7 99.050 99.090 MarO8 98.940 99.000 JunO8 98.835 98.905B SepO8 98.730 98.805 DecO8 98.685 98.710 MarO9306 words
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Article272 2007-08-10 17 Aug 8 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest SepO7 Oct07 Nov07 Dec 07 Jan/Mar 08 Apr/Jun 08 327.75 325.75 325.75 325.75 325.00 328.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest Sep272 words
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Article98 2007-08-10 17 Aug 8 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low AugO7 855.00 838.50 855.00 846.00 Sep07 862.00 847.00 862.50 852.00 Nov07 878.00 862.75 879.00 867.00 Jan 08 892.25 876.75 892.50 882.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug07 37.22 36.72 37.22 36.98 Sep07 37.39 36.9598 words
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Article79 2007-08-10 17 CRUDE OIL PRODUCTS Aug 7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 71.13 -1.33 WTI (Near Mth) 72.30 0.4 Dubai (1-Mth F) 66.72 -1.93 Tapis blend 76.45 -2.4 Minas 74.15 -2 PRODUCT US$/barrel (FOB S'pore) Close Change ire) Naphtha Jet Kerosene 71.00 84.05 -1.45 -1.5 US$/barrel Opec79 words
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Article468 2007-08-10 17 Aug 8 AS Rmb Euro HKS Ind Rs Ri Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.903 6.494 0.624 6.711 34.710 79.681 1.022 7.922 2.965 1.125 51.778 38.743 1.298 6.036 1.027 28.202 26.660 0.424 0.857 Canada 1.107 7.190 0.690468 words
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Article89 2007-08-10 17 Aug 8 Period Issue code Maturity Yesterday's Bid Hii Day's ill Low 3-Month BQ*****Z 09.11.07 1-Year BY*****V 30.04.08 2.41 2.43 2.37 2.37 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year89 words
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Article138 2007-08-10 17 Aug 8 GOLD (USS/oz) Auc 08 Aug 07 Hong Kong London 668.50 668.00 669.50 668.50 Aug 07 Aug 06 670.50 671.40 671.00 672.00 Source: Reuters CAST BAR (S$) Aug 08 Buying Sellinc Kilobar "35,085.30" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1138 words
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Article78 2007-08-10 17 Aug 8 (US$) (S$) 5.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 1 mth 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 9 mths 12 mths 5.***** 5.***** 5.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs78 words
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Article65 2007-08-10 17 Aug9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Aug 07 2568 Sep 07 2557 Oct 07 2535 Nov 07 2516 Total o/p: ***** contracts 2575 2585 2563 59 285 2558 2557 2528 1658 ***** 2535 2550 250065 words
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Article70 2007-08-10 17 Aug 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2585.50 2603.50 3 months 2648.00 2665.00 Copper, Grade A (US$/tonne) Cash 3 months 7705.00 7580.00 7872.50 7745.00 Lead (US$/tonne) Cash 3121.50 3 months 3060.00 3213.00 3150.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 370 words
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Article82 2007-08-10 17 Aug 8 (£/tonne) Close Prev Hii ih/Low Sep 07 972 955 980/958 Dec 07 999 984 1006/987 Mar 08 1012 1001 1020/1004 May 08 1021 1010 1025/1013 COFFEE (US$/tonne) Close Pev High/Low Sep 07 1829 1818 1832/1806 Nov 07 1848 1838 1851/1824 Jan 08 1836 1826 1839/1816 Mar 0882 words
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Article3010 2007-08-10 17 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 3779 ASL Marine Hldgs W*****1 102 1674 Allgreen RB ECW*****0 3.5 2835 Allgreen RBeCW*****6 3.5 2227 Ascendas REFT SGAECW*****6 11.5 3 15 1 1000 0.5 330 -3 10 13,010 words
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EDITORIAL & OPINION
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483 2007-08-10 18 LEADING American lawmakers from both major political parties have been pressing their colleagues on Capitol Hill to get Congress to approve legislation that would threaten retaliatory action if China does not revalue its currency. These lawmakers accuse China of keeping its currency483 words
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Article, Illustration1103 2007-08-10 18 LEON HADAR - LEON HADAR One would know only in September how they respond to key political, economic issues BEFORE the invention of airconditioners, diplomats assigned to Washington, DC, known for its humid subtropical summers, received extra pay for the "hazard duty" involved in spending theAP - 1,103 words
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Article, Illustration801 2007-08-10 18 YOGI AGGARWAL - YOGI AGGARWAL THE BOTTOM LINE WITH the signing of the deal between the United States and India under Section 123 ofthe US Atomic Energy Act, or the "123" agreement, as it is commonly known, everyone assumes India has got a deal801 words
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Article, Illustration1878 2007-08-10 19 ALOK AGGARWAL - ALOK AGGARWAL There's a new trend, person-to-person offshoring, where services are sometimes offered to individuals by individuals OUTSOURCING of services by medium and large-sized companies from US and Europe to low-wage countries like India, Russia, Ukraine, Romania, Argentina, and the Philippines (also known as offshoring) hasi : REUTERS - 1,878 words
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Page 20 Advertisements
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Advertisement2633 2007-08-10 20 Shipping times urn uujjjjJV AW W^mJkW aul*sS BS^^^^^^^B ■I'M^Fa^Wr'^iß^FKßfßM Hflil^iflßsH UK CONTINENT SERVICE U.S.A SERVICE TOffl|Tß^ Destination Destination j|j|| DURUMATA RTM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL IiNTERASIA RORO SERVICE VESSELAOY I RMIP(KT) HEIGHT(M) PKG KOH LCB SIN JKT Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia STRAITS SUCCESS 23 10 32,633 words
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Page 21 Advertisements
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Advertisement4308 2007-08-10 21 WAN HAI INTERNATIONAL PTE LTD crn0 **********0/r lit 17 A «TFD IV PA D I lIVFD I TTI if/H& fi} /7Q <*T*C A VTT^I ■■>!■ ■■>■ iiiip* TEL:*****588 (14LINES) FAX:*****163 t\ ■T H/iYk> 1 JTLjIVLN jL/IIX £LjlV. Li 1 jLI Nj l*T £_C 7// MS \\\M\\A/AM HAI INFV Customer Service/Bookings4,308 words
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Page 22 Advertisements
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Advertisement3340 2007-08-10 22 Ymz\W H R H 1 H W&m Nordana (Asia) pte Ltd «^ZSSJ221 71 GLO"Y navigation groupl mptgftjm ij^S mM WMM ijjjjjjjH BllMal 70 Shenton Way, #21 -03 Marina House Singapore *****8 *9i||-*Lilt^''*^W k -^a] liiiiiUiUiiMSlllilil^^^^^l NORTH WEST EXPRESS LINE OWNS OPERATES THE YOUNGEST FLEET [■■■■■■■■■■■■■■■■(■■■M MONTHLY SERVICE TO WESTERN AUSTRALIA3,340 words
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Page 23 Advertisements
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Advertisement4008 2007-08-10 23 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n4,008 words
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Article, Illustration1146 2007-08-10 24 AUSTRALIA SPECIAL FEATURE Bustling Sydney offers a multifarious range of experiences for visitors, writes MEI LIN IF you are ever attending a meeting or event at the Sydney Convention and Exhibition Centre (SCEC), you can be rest assured of a strategic location. Located at Darling Harbour, it is1,146 words
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Article, Illustration665 2007-08-10 24 ARTS The Choo San Goh and H Robert Magee Foundation has given out US$7OO,OOO to 78 choreographers in 15 years, says CHEAH UI-HOON CHOREOGRAPHIC grants aren't easy to come by as far as the dance scene goes, so Singaporeans should be665 words
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Article389 2007-08-10 24 AMANDA DE GUZMAN - AMANDA DE GUZMAN The classic broadway production of Rodgers and Hammerstein's The King and I has an impressive CV it won a Tony Award for Best Musical, among many others, and has enjoyed 1,246 performances all over the world since its inception in 1951.389 words
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Article, Illustration332 2007-08-10 24 AMANDA DE GUZMAN - AMANDA DE GUZMAN By When you watch Enchanted Tales, the latest production of the award-winning company the Finger Players, you are not only enjoying an innovative, fami-ly-friendly play, but one that also has an ecological conscience. Almost everything in the production is environmentally332 words
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Page 24 Advertisements
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Advertisement27 2007-08-10 24 This is the fourth of a six-part series brought to you by Tourism Australia. We discover why Perth is an excellent rejuvenation spot next week. Tbwkm TTus-tvfcli*27 words
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PURSUITS/BOOKS
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Article, Illustration681 2007-08-10 25 NIGHT OUT Liquor brands are venturing into home and lifestyle products, reports MELISSA LWEE LET'S face it: When it comes to alcohol, competition is stiff. In a bid to up the ante on their competitors, more alcohol brands are collaborating with well-known681 words
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Article, Illustration660 2007-08-10 25 GEOFFREY EU - GEOFFREY EU FOOD NEXT week marks the return of the Ritz-Carlton Hotel's gourmet food festival, the "New World of Food and Wine", which since 1996 has provided a showcase for an eclectic offering of high-quality fare and top-notch wines from various corners660 words
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Article, Illustration549 2007-08-10 25 CHRISTOPHER LIM - CHRISTOPHER LIM SOME writers have a lot to live up to. That's even more so when you're the undisputed father of the cyberpunk movement, so William Gibson had his work cut out for him with his new book, Spook Country. just released this549 words
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Article, Illustration484 2007-08-10 25 CHEAH UI- HOON - CHEAH UI-HOON A NEW wave of travel guides seems to have started building up ones with real-insider recommendations on the hip places to eat, shop and party. Plus a written-fro m-the-heart guide on the intricacies and idiosyncrasies of local culture. "I think all over484 words
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Article, Illustration321 2007-08-10 25 AMANDA DE GUZMAN - AMANDA DE GUZMAN AS part of the cultural celebration of the inaugural Singapore Sun Festival, fledgling writers will have the chance to flex their creative muscles in the first Asian Travel Writing Competition. The official theme of the competition is "Asia Through My321 words
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WINE
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Article836 2007-08-10 26 N X YONG demystifies burgundy, looking at the wine estates, grape varietals, terroir, classification, growers and producers WHAT is it about burgundy that so fascinates and enchants those who venture to explore its many facets? Like most people, I started with Bordeaux because it was836 words
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Page 26 Advertisements
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Advertisement288 2007-08-10 26 Choose one item from our selections of local favourites and get one choice __^^^^g^ff of coffee/tea/soft-drinks Bt'■ !SFT t -d EvSl W n k«as»- mssssir Diners Club Card r oapp ac «//64i6 0980 J^L^y^f A World of Exclusive Privileges Treats (im*WDiners Club tomtit from Jor^e. 2k007 oooX <*et r-eoAc* for-288 words
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CINEMA/MUSIC
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Article, Illustration479 2007-08-10 27 GEOFFREY EU - GEOFFREY EU After a six-year absence, The Chris and Jackie Variety Show otherwise known as Rush Hour 3 -is back in town with the obnoxious humour and stunt-filled physical comedy that its makers hope will lead once again to box-office millions. Diehard479 words
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Article, Illustration649 2007-08-10 27 Royston Tan's '881' takes a fond look at a Singaporean sub-culture, says GEOFFREY EU DIRECTOR Royston Tan takes a fond, fun and extremely fanciful look at a, well, uniquely Singaporean sub-culture in 881, a musical about a pair of colourful getai (or song649 words
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Article, Illustration373 2007-08-10 27 PARVATHI NAYAR - PARVATHI NAYAR DVD IT takes a lot, these days, for us to feel a sense of wonderment, especially where fantasy as a genre is concerned: there's so much bad stuff being churned out in print and celluloid, about alternative universes, worlds and373 words
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Article, Illustration811 2007-08-10 27 BEN MUNROE - BEN MUNROE Fractured Life Air Traffic EMI Rating: B Santi The Academy Is Warner Rating: B WITH a rise to fame so fast that it should have produced whiplash, Air Traffic has moved from obscurity in a British coastal resort town to their new-found status811 words
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Page 27 Miscellaneous
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Miscellaneous365 2007-08-10 27 CRYPTIC CROSSWORD 'lIFmT'IP I F I F I I P t3~^^^ i^n ij^frl-! i n ACROSS chip that had been cooked! I Catch one's breath seeing (3 y 4) end of long snake (4) 4 Turn up gold on revolution--3 Method of transmitting let- ary watercolour (7) ters by air-or365 words
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executive lifestyle
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Article, Illustration1458 2007-08-10 28 CHRISTOPHER LIM finds out from industry players that the local music concert scene is thriving and is set to get even hotter IF YOU'VE been keeping an eye on the local concert scene, you'll have noticed that there's a major music event happening practically every1,458 words
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Page 28 Advertisements
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Page 28 Miscellaneous
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Miscellaneous12 2007-08-10 28 NIGHT OUT Blend alcohol with art to get stylish design PAGE 2512 words
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