The Business Times, 11 August 2007

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Microfilm: NL27785
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES SINGAPORE 85 cents •V A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
    15 words
  • Article
    Lock icon Central banks move to ease credit crunch
    866 1  -  LARRY WEE Asian currencies and carry trades hurt as liquidity fears escalate [SINGAPORE] Asian central banks acted swiftly yesterday to calm renewed fears of a liquidity crunch in the financial markets, after both Asian favourites and the high-yielding currency duo Down Under came
    866 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 Friday tange I COMP 1,287.70 -25.69 IIKKEI225 16,764.09 -406.51 IANG SENG 21,792.71 -646.65 ;et index 804.84 -6.99 JAKARTA COMP 2,207.40 -34.01 1ANILACOMP 3,281.96 -103.24 ;eoulcomp 1,828.49 -80.19 IHENZHEN B 773.84 -18.29 IUMBAI IND 14,868.25 -231.90 11.45am EDT Change )OW 13,127.77 -142.91 IASDAQ 2,530.15 -26.34
      45 words
    • Article
      Lock icon PRIME RATES
      29 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
    • Article
      Lock icon FOREX
      41 1 US$ (S$ per US$) 1.521 (USS/SS per 2.020 3.074 EURO(US$/S$/E) 1.369 2.082 YEN 118.0 77.60 RM 3.479 2.286 HK$ 7.818 5.139 BAHT 34.08 22.40 RUPIAH 9,343 6,141 RENMINBI 7.577 4.980 INDIAN RUPEE 40.62 26.70 A$ 1.186 0.779 NZ$ 1.347 0.885
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  • Article, Illustration
    Lock icon Hangover
    133 1 JULY 27 ST Index falls 2.4% Trigger: Fear of tightening credit grips the stock market. London's FTSE-100 index plunges 3.1 while the Dow falls 2.3% on July 26. AUGI ST Index falls 3.3% I Radiant Group and Mortgage Guaranty Investment Corp say their combined investment of more than US$l
    Photo:AFP.AP, Bloomberg  -  133 words
  • Article
    Lock icon Sub-prime domino hits Asia again
    597 1  -  CONRAD TAN Painful pattern takes shape as US ripples exact their toll [SINGAPORE] For the fourth time in two weeks, stock markets in Asia plunged following steep losses in the United States and Europe the previous trading day. As the fallout from rising defaults in
    597 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      45 1 MOTORING ECONOMY *M^ FOOD CORPORATE MJMMU^ 1/" Hardtop offers Strong GDP growth Food with RESULTS ■3»';;: f K'vf fun in the sun due to diversification JbfkLfr' finesse Robinson Q4 earnings PAGE 15 PAGE 2 PAGE 20 rise 19% PAGE 4 The activist economist *}G Imememmmm
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  • TOP STORIES
    • Article
      Lock icon MTI credits diversification for strong Q2 GDP growth
      763 2  -  ANNA TEO Gains in biomedical and transport engineering more than make up for slack in electronics 3y SINGAPORE] Despite risks 3n the horizon, the Ministry of Trade and Industry is confident that the Singapore economy's strong first-half momentum notably the robust 8.6
      763 words
    • Article, Illustration
      Lock icon Region's loan# bond volumes down in July
      575 2  - Region's loan bond volumes down in July CHOW PENN NEE Sub-prime mortgage woes put the brakes on fund raising [SINGAPORE] Spooked by sub-prime mortgage fears in the United States, and the uncertain market conditions, corporates seem to have pulled back on their fund-raising activities. Contrast this with the picture just
      Bloomberg  -  575 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Robinson posts 19.2% rise in Q4 profit
        60 2 ROBINSON Co yesterday posted a 19.2 per cent rise in fourth-quarter net profit to $14.4 million and proposed a smaller final dividend of 10 cents as the retailer aggressively expands business. Net profit for the 12 months ended June 30, 2007 came to
        60 words
      • Article
        Lock icon F&N Q3 profit jumps 28.6% to $97.1 m
        59 2 THE booming property market has helped to boost Fraser and Neave's Q3 net profit by 28.6 per cent to $97.1 million. The year-on-year rise in profit attributable to shareholders came as revenue rose 41.4 per cent to hit $1.3 billion for the
        59 words
      • Article
        Lock icon HTL posts 68.6% fall in Q2 net profit
        54 2 HTL International yesterday reported a 68.6 per cent plunge in second-quarter net profit, and expects full-year earnings to be significantly lower than last year's. The furniture maker blamed this on global industry-wide factors such as rising leather-hide prices and outbound freight costs.
        54 words
      • Article
        Lock icon Biosensors buys 50% of China firm
        59 2 BIOSENSORS International has signed a conditional agreement to buy 50 per cent of JW Medical Systems (JWMS), China's third-biggest drug-eluting stent maker, for U5563.6 million. The move will give Biosensors access to an extensive sales and distribution network in China and accelerate its plans
        59 words
      • Article
        Lock icon Ong Beng Seng, family buy condo block
        73 2 HOTEL Properties managing director Ong Beng Seng and his family members have bought an entire block of 180 apartments at Costa del Sol on Bayshore Road, for about $200.77 million or $820 per square foot, BT understands. The units were sold by the
        73 words
      • Article
        Lock icon Virgin Group to take 20% of Air Asia X
        69 2 FLAMBOYANT British billionaire Richard Branson will take a 20 per cent stake in Malaysia's new budget carrier Air Asia X. The widely expected announcement yesterday that he would buy into the fledgling long-haul budget carrier through his Virgin Group came a
        69 words
      • Article
        Lock icon Japan to sign FTA with Jakarta
        49 2 JAPAN will sign a free trade agreement (FTA) with Indonesia when Prime Minister Shinzo Abe visits the country later this month. Japan has been negotiating with Indonesia since July 2005, working towards the signing of a comprehensive Economic Partnership Agreement. INDONESIA, PAGE 11
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      • Article
        Lock icon Rural HK home prices catching up
        61 2 SOARING prices in Hong Kong's luxury property market that once pushed urban dwellers out to the countryside are now rapidly catching up in the rural areas. The rise in value of these homes is fostering a rash of developments, triggering concern that Hong Kong's
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      • Article
        Lock icon US mortgage firms warn of troubles
        47 2 TWO of the biggest US home-loan companies are preparing their investors for the worst. Countrywide Financial Corp and Washington Mutual Inc warned on Thursday that turbulent mortgage market conditions are likely to hurt operations in the near term. ASIA-PACIFIC/WORLD, PAGE 14
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    • Article, Illustration
      Lock icon ABN Amro shares drop on fears that market turmoil may hamper bids
      787 2 -Bloomberg, Reuters AP, Fortis under pressure in financing its offer, reports Dutch paper [LONDON] ABN Amro Holding NY shares fell the most in almost six years on concern that roiling financial markets may hinder the world's biggest banking
      -Bloomberg, Reuters; AP,; REUTERS  -  787 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon THE ACTIVIST ECONOMIST
      2066 3 Nobel-prize winning economist Joseph Stiglitz talks to VIKRAM KHAN NA about post-crisis Asia, sovereign wealth funds and the US sub-prime debacle F ONE attains positions of power," wrote Joseph Stiglitz, the 2001 Nobel Prize winner in economics, "one should view them as opportunities for social change." This
      ARTHUR LEE  -  2,066 words
    • Article
      Lock icon Raffles
      98 3 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      98 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Robinson posts 19.2% rise in Q4 profit
      607 4  -  SIOW Ll SEN Jpcoming store openings could mpact Q1 2008 earnings, it cautions iy 10BINSON Co yesterday )osted a 19.2 per cent rise n fourth-quarter net profit o $14.4 million and pro)osed a smaller final divilend of 10 cents, as the reailer aggressively
      FILE PHOTO]  -  607 words
    • Article, Illustration
      Lock icon Globe Telecom H1 net profit rises 12% to 6.4b pesos
      380 4 -Reuters t's spending more to grow broadband, nobile services the call centre and outsourcing industry and from a growing economy. The company, partly owned by Singapore TeleMANILA] The Philippines' com and local conglomer-econd-largest phone com- ate Ayala Corp, posted a
      -Reuters \; REUTERS  -  380 words
    • Article
      Lock icon SingTel shares gain on hopes of strong results
      134 4 Reuters SINGAPORE] Shares of Singapore Telecommunications ;ained six cents to close at $3.46 with 48 million shares raded as investors bet that the firm would report strong esults next week. "One or two of SingTel's units may lave surprised on the upside
      ■ Reuters  -  134 words
    • Article
      Lock icon Shin Sat reports worse-thanexpected 83m baht loss in Q2
      331 4 Shin Sat reports worse-than-expected 83m baht loss in Q2 Reuters [BANGKOK] Thailand's Shin Satellite Pel reported a worse-than-expected quarterly net loss yesterday, dragged down by higher interest income tax payments despite higher revenues. Shin Sat, which operates IPSTAR, the world's largest broadband satellite, posted a net loss of 83 million
      – Reuters  -  331 words
    • Article, Illustration
      Lock icon Bank stocks take another hit as US sub-prime woes continue
      495 4  -  CONRAD TAN I SHARES STI falls as much as 3.8% before closing 1.6% down SUB-PRIME woes continued to roil the stock market here yesterday, after sharp falls on Wall Street on Thursday. The Straits Times Index (STI) ended 53.99 points
      495 words
    • Article
      Lock icon F&N Q3 profit up 28.6%, boosted by property division
      511 4  -  NANDE KHIN APB reports 10.4% rise in profit to $30.6 m The booming property market helped to boost Fraser and Neave's (F&N) third-quarter net profit by 28.6 per cent to $97.1 million. The year-on-year rise in profit attributable to shareholders came
      511 words
    • Article
      Lock icon HTL posts 68.6% fall in Q2 net profit
      414 5 Industry-wide factors like rising freight costs, leather prices to blame By OH BOON PING HTL International Holdings yesterday reported a 68.6 per cent plunge in second-quarter net profit, and expects its full-year earnings to be significantly lower than last year's. The furniture
      414 words
    • Article, Illustration
      Lock icon Property boom benefits Hersing
      378 5  -  UMA SHANKARI HERSING Corporation yesterday reported record profit and turnover figures for the first six months of the year as its real-estate brokerage arm marketed a whopping 13,800 properties worth $10 billion. Hersing, whose subsidiary ERA Realty is a major player in the real estate scene
      378 words
    • Article
      Lock icon Results at a glance
      463 5 Half-year results ended June 2007 COMPANY CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE 1 Synear 70.26 43.18 62.7 2 TuanSing 47.92 9.18 422.0 3 NatSteel 40.69 91.14 -55.4 254.01 179.71 167.28 201.40 194.36 155.67 26.1 -7.5 7.5 5.39 4.20 10.89 4.32 0.80 24.40 24.7
      463 words
    • Article
      Lock icon Petra Q2 earnings up 2.2%
      373 5  -  OH BOON PING PETRA Holdings' sec-ond-quarter net profit rose just 2.2 per cent year-on-year to US$6.6 million despite a 64 per cent jump in revenue to U*****.4 miUion. Earnings per share for the three months ended June 30, 2007, were 1.24 US cents -up from
      373 words
    • Article, Illustration
      Lock icon Biosensors takes 50% stake in Chinese firm
      515 7  -  MATTHEW PHAN Move will give it access to extensive sales, distribution network in China BIOSENSORS International has signed a conditional agreement to buy 50 per cent of JW Medical Systems Ltd (JWMS), China's third-biggest drug-eluting stent maker, for U5563.6 million. The move will
      FILE PHOTO  -  515 words
    • Article, Illustration
      Lock icon CapitaLand in JV to develop 300 luxury villas in Vietnam
      312 7  -  UMA SHANKARI CAPITALAND has entered into a US$42 million joint venture (JV) agreement to develop an 11.7 hectare residential site in Vietnam's Ho Chi Minh City. Capita Land will take a 75 per cent stake in the venture and inject
      312 words
    • Article
      Lock icon UMS Holdings to pump USs2sm into new Penang plant
      431 7  -  OH BOON PING It sees profitable year, sets long-term sales goal of $500 m UMS Holdings, an equipment manufacturer for the disk-drive and electronics industries, is setting up a new US$25 million plant in Penang to cater for business expansion. The
      431 words
    • Article
      Lock icon SP Chem gets nod for proposed Vietnam petrochem project
      297 7 SP Chemicals said yesterday it has received in-principle approval from the Vietnamese Prime Minister's Office for a proposed petrochemical project in Vietnam. The project involves developing an integrated industrial park of 1,300 hectares dedicated to the petrochemical industry at Hoa Tarn
      297 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      346 5 I i= aKi7rn •m**-\ AUGISSUE i^l^^^^^^ I WIN theSe! Win 2 jnißoftheFumiyamaFHC-UI UniversalßalteryChaiged H *^*^k^ A 1 I K^&T#A Jd II I' AM W lif J *^^L^^H ■IT J I mm^M I I H.^^^l ■♦computers ---consumer electronics -»communicatic M fl] LI Jl IS-XJJ kJ I 1 kIJ S*J IIJJ-SaJ PJ
      346 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      965 6  -  MATTHEW PHAN Singapore banks CITIGROUP, Aug 9 DBS, UOB top picks; upgrade OCBC to "buy". Robust Q2 bank earnings were overshadowed by overdone collateralised debt obligations (CDO) fears. A re-pricing of risk may cap previous "stretch" PER, price/book multiples. We have cut targets, but the recent pullback still
      965 words
    • BT SHARE INFORMATION SERVICE
      • Article
        Lock icon SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
        721 6 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares ■000 Price Per Shr$ SHAREHOLDING Before After COOP) COOP) Stock SCoffeemix 10-Aug-07Te Lay Hoon «Buy 100 0.85 ***** 14.20 ***** 14.22 SCoffeemix 10-Aug-07Teo Kee Bock Buy 100 0.85 ***** 5.79 ***** 5.80 King Wan Corp 10-Aug-07Chua
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      • Article
        Lock icon COMPANY MEETINGS
        226 6 COMPANY MEETING PLACE DATE TIME Epure Intl E 165 Tanjong Pagar Road Amara Singapore, Level 3 Function Room Singapore *****9 15-Aug 9.00am Abterra Ltd E 8 Shenton Way #31-02 Singapore *****1 22-Aug 10.30am Kingsmen E 3 Changi South Lane Singapore *****8 22-Aug 10.30am TSH Corp E 7 Temasek
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    • Article, Illustration
      Lock icon Healthy correction or start of bear market?
      1171 6  -  TEH HOOI LING SHOW ME THE MONEY Amid the fallout from the US sub-prime crisis and the ensuing tightening of liquidity around the world, investor sentiment is expected to remain fragile I HE remarkable thing about the bull market of the past four
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      10 7 z It]l lIIUlKlin ll^-lKm*V ll*lVl*v4*Va*l*f#4t]HiJMl«ll < L**> o < Wa* o £0
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    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      773 7 j WORK STUDY TOURISM HOSPITALITyI Earn $36,000* get the World Recognized British Professional Qualification at the same time "With the integrated resorts coming up, this is an excellent time to consider the hospitality line, where there is tremendous opportunity for growth." Extracted from SPH The Straits Times, April 21,2007 m
      773 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Ong Beng Seng and family buy condo block
      452 8  -  KALPANA RASHIWALA They pay over $200 m for 180 units at Costa del Sol in Bayshore area By HOTEL Properties managing director Ong Beng Seng and his family members have bought an entire block of 180 apartments at Costa del Sol on
      YEN MENG JUN  -  452 words
    • Article
      Lock icon Hong Leong sells about 60 units of Aalto
      233 8 HONG Leong Group is said to have sold close to 60 units at its freehold Aalto condo on the former Eastern Mansion site on Meyer Road. The project is priced at around $1,950 per square foot (psf) on average, and so far
      233 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7667 8 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.103/ Star Europe Bond 1.189/ Star Europe Bal 1.263/ Star Asian Tiger Eqty 1.582/ Star Asia Bond 1.285/ Star Asia Balanced 1.111/ Star Global Technology Fund!" 0.237/ Multi StFd 1.003/ Star Asia Bond(USD) 0.848/ Gib Multi St USD 1.19/
      7,667 words
    • Article
      Lock icon Business costs, inflation move higher in Q2
      590 9  -  LYNETTE KHOO Manufacturing unit business cost index up 1.9% while CPI rose 1% COST pressure continued to build amid strong economic growth in the second quarter of this year, with business costs and consumer prices creeping up. The unit business cost index of
      590 words
    • Article, Illustration
      Lock icon Manufacturing growth may keep pace: EDB
      285 9 THE fast pace of manufacturing growth in the first half of this year is expected to be sustained in the second half, the Economic Development Board (EDB) said yesterday. It will be supported by the transport engineering cluster and particularly the buoyant marine offshore
      Ministry of Trade & Industry  -  285 words
    • Article
      Lock icon Retail sales here expected to hit $16.7b in H2
      324 9  -  NANDE KHIN ROBUST economic conditions are expected to keep Singapore's retail sales strong, says Master Card. But growth will lag the expected increase in other Asia-Pacific economies. The latest Masterlndex of Retail shows that retail sales in Singapore shows they are
      324 words
    • Article
      Lock icon Richard Yong's remand extended
      169 9  -  By Michelle Quah FORMER National Kidney Foundation (NKF) chairman Richard Yong charged last Saturday with offences relating to the Penal Code and Bankruptcy Act has had his remand extended. He will be transferred from the Police Cantonment Complex where he has been held since he was
      169 words
    • Article
      Lock icon SPH Search embarks on creating loca Web index
      170 9  -  ARUN JOHN SPH Search, a joint venture between Singapore Press Holdings (SPH) and Norwegian media group Schibsted ASA, has started crawling and indexing relevant websites as part of its plans to create a local Web index for Singapore. The Web index will
      170 words
    • Article, Illustration
      Lock icon Bite-sized treats with big-sized savings
      423 9 g^ joy^s A BT-FRASERS CENTREPOINT MALLS JOINT PROMOTION WITH the Mid-Autumn Festival around the corner, it's time to stock up on mooncakes. The festival is one of the two most important holidays in the Chinese calendar, the other being Chinese New Year. It falls on
      423 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      31 8 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Branson's Virgin Group to take 20% stake in AirAsia X
      518 10  -  PAULINE NG M'sia's fledgling long-haul budget carrier sees greater global credibility and visibility FLAMBOYANT British billionaire Richard Branson who showed up at a news conference in Kuala Lumpur yesterday in full Malay attire will take a 20 per cent stake
      AFP  -  518 words
    • Article
      Lock icon M'sia aims to be hub for auto parts
      306 10  -  Xinhua [KUALA LUMPUR] Malaysia is keen to become a global automotive-parts trading hub to woo foreign companies which can, in turn, share their industry expertise with Malaysian players, local media reported yesterday. This essentially means holding more trade fairs in Malaysia, a
      306 words
    • Article
      Lock icon SGX MAINBOARD
      8448 10 52-wks Tel )h Low Code Last Sale Vol ('000) Hit Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii Com[ i an; 3.5 2 5716 1st Software 11 6 3148 STelecom 34 20 5834 A-Sonic 103 98 6389 ABF SG Bond
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  • INDONESIA
    • Article, Illustration
      Lock icon Japan to sign FTA with Jakarta this month
      179 11 -AFP Japan has been negotiating with Indonesia since July 2005 [TOKYO] Japan will sign a free trade agreement (FTA) with Indonesia when Prime Minister Shinzo Abe visits the country later this month, the government said yesterday. Japan, seeking to secure access to
      -AFP; REUTERS  -  179 words
    • Article
      Lock icon Renault set to invest USs6oom in new plant
      217 11 [JAKARTA] French carmaker Renault SA is set to go ahead with plans to invest US$6OO million on a new vehicle plant in Indonesia, a newspaper reported yesterday. Bisnis Indonesia cited the head of Indonesia's investment coordinating board, Muhammad Lutfi, as saying Renault
      Reuters  -  217 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        59 11 VOLUME Ban Joo 97,937,000 *StarCruises 74,079,000 Ma inus 56,865,000 DBS MBI_eCW*****9 54,440,000 Ascendasreit 54,020,000 Sin iTel 48,442,000 Chasen 39,973,000 ETLA 35,754,000 FHTK Hid 35,227,000 China Hon ]xin 32,252,000 VALUE (S) UOB 358,750,396 DBS Gri 273,247,082 Sin iTel 163,732,364 Caj litaLand 154,687,665 Ascendasreit 138,456,719 Kei I Con 121,440,032
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      • Article
        Lock icon RISES
        104 11 CLOSE UP JSH 1350 76.1 3.8 JMH 2300 60.8 1.8 STI 3600SGAePW*****0 116 18.5 19.0 STI 3600SGAePW*****0 87.5 18.0 25.9 STI 3300SGAePW*****0 29.5 13.0 78.8 STI 3400SGAePW*****0 72 13.0 22.0 STI 3500SGAePW*****0 89 13.0 17.1 STI 3700BNPePW*****0 63 12.5 24.8 STI 3450SGAePW*****0 51 12.0 30.8 STI 3500SGAePW*****7 73.5 10.5
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      • Article
        Lock icon FALLS
        116 11 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN Jardine C&C 1370-120.0 -8.1 ir China H 10US$ 1550 -76.1 -3.1 GLD 10US: 6580 -60.8 -0.6 DBS Gr| 2120 -60.0 -2.; Kei Con 1270 -60.0 -4. OUE 1340 -60.0 -4.3 Ome< jaNav 3110 -60.0 -1.9
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      84 11 Up Down Unch 4 12 2 Up Down Unch OOP Up Down Unch 4 12 2 Multi Ind Manufacture 24 155 40 34 27 189 47 Commerce 60 J3_ jn Jl jn J8 )t/Stor/Comms 36 38 Finance 23 24 lonstruction Pro] _31 33 Hotels/Rsts 10 13 iervices
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      127 11 TURNOVER ('000) MAIN SDQ TOTAL VALUE ('000) SDQ TOTAL MAIN Multi Ind 44,329 44,329 206,290 206,290 Manufacturing 367,897 116,840 484,737 438,996 21,828 460,824 Commerce 268,420 11,859 280,279 139,558 2,872 142,431 )t/Stor/Comms 167,948 3,467 171,415 434,564 3,025 437,589 Finance 67,808 102 67,910 839,969 26 839,995 Construction 148,940 83,583
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      236 11 Stock name Wt Close Change Stock name «V1 Close Change Allgreen 0.48 1.580 -0.050 Noble Grp 0.55 1.660 -0.010 Ascendasreit 0.94 2.560 -0.040 OCBC Bk 8.59 8.550 -0.150 CapitaComm 0.52 2.530 -0.110 Olam 0.58 2.890 -0.040 Capita Land 4.76 7.200 -0.150 Parkway Hldgs 0.68 3.720 -0.040
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    • Article
      Lock icon BOND & WARRANTS
      2819 11 BOND WARRANTS re I Zode Com| re I Zode Company 1631 Ace Dynamics W*****7 1674 Allgreen RB ECW*****0 #ArianeCorp Ltd W*****9 I473 AscendasREITSGAECW*****0 1481 #Asia Water Tech Ltd W*****0 >872 AusGroup RB ECW*****7 >853 AusGrpMBLeCW*****0 >878 Aztech Systems W*****6 )341 BukitSembawang W*****3 )609 CLI Life Ins RB ECW*****5 >421 CapitaRetail
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    • Article
      Lock icon SGX SESDAQ
      2417 11 STOCK PRICES LEGEND: Straits Times Index Stocks; 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 cdca cum dividend cum all
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    • Article
      Lock icon SGX XTRANET
      82 11 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil Comi >am Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 *****
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    • Article
      Lock icon CLOB INTERNATIONAL
      76 11 52-Wk Tel High Low Code Last Sale Vol CPPP1 Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Comi Hii 141 105 6000 AVJennings 21.5 3 6134 Over&Gen 64 15.9 6017 StarCruises 320 169 6019 TanChonglnt A131cd +2 A16 US53 +4 HK240 -2.5 45
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  • INDIA
    • Article
      Lock icon ICICI says it has no sub-prime exposure
      381 12 Bloomberg It expects to borrow at scheduled rates despite widening global credit rout [MUMBAI] ICICI Bank Ltd, India's biggest lender by market value, said it does not hold securities linked to the US sub-prime mortgage defaults that have disrupted global markets. The lender
      Bloomberg  -  381 words
    • Article, Illustration
      Lock icon Aishwarya in Pink Panther sequel
      149 12 [NEW DELHI] Bollywood actress Aishwarya Rai is to star alongside Hollywood actor Steve Martin in the forthcoming sequel to the 2006 movie The Pink Panther, a newspaper reported yesterday. The Hindustan Times said the former Miss World will play a detective in the new film
      149 words
    • Article
      Lock icon New Delhi to sell 10% of Oil India stake
      232 12 Reuters [NEW DELHI] India plans to sell 10 per cent of its holding in Oil India Ltd to state-run refiners when the state-owned exploration firm launches an initial public offer later this year, an oil ministry official said. "A cabinet note
      Reuters  -  232 words
    • Article
      Lock icon BURSA MALAYSIA
      2438 12 Aug 10 Aug 10 RM A&M Realty 3.10 AbricBhd 0.30 Advance Synergy 0.36 Adventa Bhd 1.60 Ae Multi Hldgs 0.30 Affin Holdings 2.57 Ahmad Zaki Resou 4.66 Aic Corp 0.57 Airasia Bhd 1.94 Akn Messaging Te 0.24 Akn Technology 0.87 Aluminium Co 1.28 Amalgamated Ind 0.57 Aminvestment Grp
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      2456 12 PMUV JAPAN LAND LIMITED *----*J r*\ I V MT*\ IV Lr (Company Registration No. *****7417K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS H EREBY GIVEN that the 9th Annual General Meeting of the Company wi II be held at Singapore Recreation Club, Lounge 1883 Level 1, B Connaught Drive, Singapore
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Value of rural HK homes catches up with city prices
      690 13  -  JANE MOIR It is triggering a rash of developments as land owners cash in on the boom in Hong Kong SOARING prices in Hong Kong's luxury property market that once pushed urban dwellers out to the countryside are now rapidly
      REUTERS  -  690 words
    • Article
      Lock icon July trade surplus is China's second biggest
      406 13 Reuters Unexpected growth despite cuts in export tax rebates [BEIJING] China yesterday reported its second-biggest monthly trade surplus on record, handing more ammunition to critics who say Beijing gains an unfair trade advantage by keeping the yuan undervalued. The surplus in July was
      Reuters  -  406 words
    • Article
      Lock icon Richard Li 'boosts stake in HK paper'
      219 13 AP [HONG KONG] Hong Kong telecom tycoon Richard Li has become the controlling shareholder of the respected financial newspaper Hong Kong Economic Journal by increasing his interest from 50 to 70 per cent, a newspaper reported yesterday. The 40-year-old Mr Li, the younger
      AP  -  219 words
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      173 13 if 19 Mm \^M. M A, M\f J/31 f Ml V *4^| fr flr flfll flflk. flflW. I jf /oi/« /ioi//ng advertisements on top of thi breaking news..' _-k \WXMmMi\m 'Not for me. I just want the latest news updates M ana nothing else j X M Am m M
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  • ASIA PACIFIC/WORLD
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      Lock icon How a liquidity crunch affects global economies
      712 14 AP SUB-PRIME WHIRLPOOL [NEW YORK] A capital crisis that roiled Wall Street on Thursday and took nearly 400 points off the Dow Jones Industrials has the potential to impact regular people on Main Street as well. Here are some questions and answers about
      AP  -  712 words
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      Lock icon 2 top US mortgage firms warn of troubles
      602 14 lAT-WP Market conditions may hurt operations in near term, they tell investors [NEW YORK] Two of the biggest US home-loan companies are preparing their investors for the worst. Countrywide Financial Corp and Washington Mutual Inc warned on Thursday that turbulent mortgage market
      – lAT-WP; AFP  -  602 words
    • Article
      Lock icon Dubai bid for OMX may block Nasdaq
      303 14 Reuters [NEW YORK] A plan by Dubai's stock exchange to buy at least 25 per cent of Nordic bourse operator OMX AB, which in May agreed to be acquired by the Nasdaq Stock Market Inc, might draw the US exchange into a bidding
      Reuters  -  303 words
    • Article
      Lock icon Little-known winery wins top Aussie wine award
      169 14 [CANBERRA] A family-owned and lit-tle-known winery set up by an Italian immigrant has won Australia's premier wine trophy. Scarpantoni Estate's 2006 Brothers Block cabernet sauvignon was awarded the Jimmy Watson Trophy at the Royal Melbourne Wine Show late on Thursday. "Everyone is telling
      169 words
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      Lock icon Goldman hedge funds speculated to have fallen
      307 14 [NEW YORK] Goldman Sachs Group Inc, known for its Midas touch, again found itself on the defensive on Thursday amid speculation that two of its hedge funds had fallen sharply in recent weeks and were selling down positions. Goldman on Thursday insisted it
      Reuters  -  307 words
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      Lock icon Reform Fannie and Freddie first: Bush
      474 14 Bloomberg [WASHINGTON] President George W Bush said Fannie Mac and Freddie Mac must complete a "robust reform package" before the government will allow the two largest mortgage finance companies to buy home loans beyond current federal limits. Congress needs to get the companies "reformed,
      – Bloomberg  -  474 words
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      618 14 Lianhe Zaobao I -An entrepreneur I and I a philanthropist I <£) TEXCHEM TEXCHEM-PACK HOLDINGS (S) LTD. Co. Reg. No. *****8296H (the "Company") NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATE Notice is hereby given that the Register of Members and Share Transfer Book of the Company will be closed
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  • MOTORING
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      Lock icon Hardtop offers fun in the sun
      615 15 Volkswagen ups the ante with a versatile design that makes the Eos a practical and stylish convertible, says SAMUEL EE I T is a happy coincidence that the Golf is also called the Rabbit in the US because the current model seems to be
      615 words
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      Lock icon Celebrating 60 years of Ferrari
      740 15  -  GEOFFREY EU FERRARI fans had good reason to paint the town red recently in celebration of the carmaker's 60th anniversary especially since the town in question was Maranello, where the automotive objects of their affection are built and where founder Enzo Ferrari (who died in
      740 words
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      Lock icon Smooth escape from the city
      808 15  -  C V CHEW THE temperature readout in the instrument binnacle says 16 deg Celsius and with the top down, I had to turn the heater up another notch to keep from shivering in the crisp morning air. Ahead is a flowing ribbon of undulating blacktop
      CV CHEW  -  808 words
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  • GOLF
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      Lock icon Coming to America
      1208 16 Golfers from Australia, Europe and Asia are ready to face off the US camp in the PGA Championship, reports JUSTINE MOSS AS THE year's final major the 89th PGA Championship plays out under scorching temperatures this weekend at Oklahoma's Southern Hills Country Club (SHCC), all eyes will
      AP  -  1,208 words
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      937 16 Wine&dine with weekendßT Cafebiz Cantonese feast, showcasing dishes like mini-Buddha desserts or a glass of wine. Lunch $39.90+++ per you won't leave hungry! $28.80++ adult, $14.40++ t ri ut i t hi, i it i. easii im Jumps Over the Wall and braised air-flown Australian person. Dinner Sunday to Wednesday:
      937 words
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  • WELLNESS
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      Lock icon A fusion of best Asian therapies
      607 17  -  CHEAH UI-HOON For pampering of the whole body right down to fingers and toes, BT weekend checks out two salons one offering massages and the other foot reflexology as well as extensive nail services to "choreograph" their signature treatment to make sure they chose
      607 words
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      Lock icon Staying ahead of the pack
      644 17  -  CORINNE KERK IT sports a striking, chinois-chic entrance a grey brick wall against flaming red padded wall coverings, with an old-style zhao pai or carved wooden signage and couplet as a centrepiece. Little wonder tourists have been known to come up to the long reception
      644 words
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      Lock icon Beauty institute conducts a symphony of senses
      526 17  -  MELISSA LWEE TO most aficionados, Lancome is more commonly known for its quality products than beauty services. But the French brand has stepped out of that shadow by launching its first Lancome Beauty Institute in Singapore. Aimed at men and women aged 25
      526 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      353 17 CRYPTIC CROSSWORD ACROSS I What an igloo provides is [i |2 |3 [4 |5 [6 poor solace (4,7) H H The price of silence? (4,5) WM H 10 Musical tea break about six g II A heavenly model (6) I^B M 12 False encouragement given HI HJI on debts (8)
      353 words
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  • SHOPPING
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      Lock icon Cult brands making their mark
      946 18 independent beauty brands are muscling into the Spore market by catering to a niche clientele, reports MELISSA LWEE THE next time you go into a spa, don't just walk out straight away. Take the time to walk around before you leave, for you might be
      946 words
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      Lock icon Honouring Faulkner
      137 18 MONTBLANC launched its "Montblanc Writers Edition" in 1992, honouring the life and work of great writers by creating a limited edition writing instruments named after them. This year it has chosen the pioneering 20th century American prose writer William Faulkner. Limited fountain pens, ballpoint pens and mechanical pencils
      137 words
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      Lock icon Spanish marque Loewe upping its luxe factor
      581 18  -  CORINNEKERK FOR Fall/Winter 2007/8, there are both good news and bad news from Spanish label Loewe. First, the good news. For the first time, the Madrid-based maker of luxury leather goods showcased its menswear collection, complete with fabulous accessories, in Singapore last month.
      581 words
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  • PERSONAL SPACE
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      Lock icon Simple, warm and hospitable
      1330 19 The artistic house of Karen Ho, a former brand and marketing pro now involved in non-profit work with Unifem, reflects her personality, writes CHEAH UI-HOON WHEN Karen Ho found out from a friend that a house at Chip Bee Gardens was going to be available, she
      YEN MENG JUN  -  1,330 words
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  • The Business Times weekend
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      Lock icon Food with finesse
      1632 20 Call them what you will gourmet delis, premium grocers, speciality food stores food retailers are tailoring their businesses to meet the demand for niche category foods from organic farmers and boutique producers. With new stores opening and more on the way, shopping for fine foods has never
      PHOTOS: YEN MENG JIIN/ARTHUR LEE; ARTHUR LEE  -  1,632 words
  • Page 20 Miscellaneous