The Business Times, 13 August 2007

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Total Pages: 32
1 32 The Business Times
  • 19 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Monday,Augustl3,2oo7
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  • 702 1  -  UMA SHANKARI From a Barbie doll collection to file archives, do-it-yourself storage is the way to go for some By I [SINGAPORE] With rising office rents and thousands of en bloc sellers moving house, demand for "do-it-yourself storage is soaring. Companies offering
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  • MARKETS DIGEST
    • 53 1 Weekly 3,359.18 lange -76.86 iT Index 1COMP 1,287.70 -47.72 IIKKEI225 16,764.09 -215.77 IANG SENG 21,792.71 -745.73 ;et index 804.84 -32.89 JAKARTA COM P 2,207.40 -62.39 1ANILACOMP 3,281.96 -70.28 ;eoulcomp 1,828.49 -48.31 ;henzhen b 773.84 -9.55 IUMBAI IND 14,868.25 -270.15 )OW 13,239.54 +57.63 IASDAQ 2544.89 +33.64 ;&P 500 1453.64 +20.58
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    • 29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.741 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.45 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 42 1 IS$ (S$ per US$) 1.521 (US$/S$ per 2.020 3.07. :uro(us: i/S! i/E) 1.369 2.082 'EN 118.0 77.6I 3.479 2.28I IK$ 7.818 5.13! !AHT 34.08 22.41 1UPIAH 9,343 6,141 1ENMINBI 7.577 4.981 INDIAN RUPEE 40.62 26.71 1.186 0.77! IZ$ 1.347 0.88 1
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  • 527 1  -  JANE MOIR Share prices on a rollercoaster as accusations surface By in Hong Kong HONG Kong's small caps are taking a beating amid flailing market sentiment and corporate governance concerns. As the recent market turmoil takes its toll on smaller firms, with retail
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 97 1 p^J THAILAND HONG KONG ~K» DINING OUT SPORE COMPANIES ilir^ Govt vows to push Company law s First-half earnings |g i j^^ foreign business law breaches in HK soar new menu up 27% so far K'l 20 RAGE 18 RAGE 12 PAGE 4 II Mi. I ill MMI £<C^l *S1
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  • TOP STORIES
    • 1102 2  -  ANDREW MARKS WALL STREET INSIGHT Don't assume the bounce of US stocks on Friday will continue this week, warn strategists By in New York DESPITE suffering the biggest single-day loss since Feb 27 when the sub-prime mortgage crisis first came to light
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    • THREE-MINUTE DIGEST
      • 63 2 CHINA yesterday said that dollar assets form an important part of its foreign exchange reserves and the US currency plays a prominent role in the global monetary system. The comments follow a report last week suggesting that Beijing could dump its vast US dollar
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      • 59 2 PROFITS of corporate Singapore rose more than 27 per cent for the first half of this year, led by strong gains in earnings in the property sector. By 3pm yesterday, 266 SGX-listed companies had racked in more than $13.3 billion in combined profits
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      • 71 2 PORK producer People's Food has posted a 68.3 per cent fall in second-quarter net profit to 63.4 million yuan (5512.7 million) due largely to a shortage in the supply of live pigs in China. The bottom line for the three months ended June 30
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      • 55 2 IN the past year, central banks have studied various models on how to cope with a "systemic" global financial crisis. They are now being tested. But the main worries are that tighter bank credit and higher interest rates could cause a further market
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      • 62 2 A RALLY in the US government bond market that started in mid-June is displaying signs of fatigue, with benchmark yields at overbought levels and the market ripe for a correction in the short term. Technical analysts, however, say further signs of tightening lending
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      • 65 2 COMPANY law breaches in Hong Kong have skyrocketed over the past few years, with more than 2,000 convictions in 2006 compared to just 88 two years earlier. In the first six months of 2007 alone, there have been 1,111 breaches of the
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      • 73 2 INDIA'S capitalist kingpins are on a global buying spree, from snapping up Scottish whisky distillers to eyeing the purchase from Ford of the luxury Jaguar car brand. However, India's policy-makers, many born before 1947 and imbued with the ideals of the founding
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    • 475 3 Reuters This follows suggestion it may dump US$ holdings in a trade war [BEIJING] China yesterday delivered a vote of confidence in the US dollar, saying dollar assets form an important part of its foreign exchange reserves and the US currency plays a prominent
      – Reuters; AFP  -  475 words
    • 317 3 LETTER TO THE EDITOR WE would like to clarify your report, "UOB tightens up on home loans in face of dizzy market" (BT, Aug 9). Firstly, the article mentioned that "UOB has been lending only 80 per cent of a home's valuation, even though
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  • Page 2 Advertisements
    • 587 2 TastetheAUTHENTIC INDIAN RECIPE I IV MmPI W I The Great Family Carnival INDIfI U@SltD¥Ql Celebrating the spirit of India in its 60th year of India Carnival 15-19Aug2007, independence, Zak has created a platform namely'ZAK 17-19 Aug 2007, Singapore Expo, Singapore Salaam India Expo'to showcase Indian Products Services. Singapore Expo, Singapore
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    • 92 2 people t Give yourself WOrK call us. www.thepeopleatwork.com Asia-Pacific Executive Search JRUTGERS Executive MBA L^^^l mL it* j*l Information Session W\^ Thursday, 16 Aug 07 6.30pm, The American Club REGISTER NOW at www.rutgers.sg Be part of a great American academic tradition. Join the ranks of Asia's longest-running EMBA network. Top
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  • Page 3 Advertisements
    • 23 3 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email Bp notices@sph.com.sg. B
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    • 74 3 t :.^j(^^^ B^^| your nest egg her comfort your standards our planning You and the ones you love are accustomed to only the finest in life. And there's no reason why that should change when you retire. For long-term planning that ensures your golden years are indeed your best years,
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  • COMPANY NEWS
    • 746 4  -  NANDE KHIN Property companies make strong gains; banks are among top five earners By PROFITS of corporate Singapore rose more than 27 per cent in the first half of this year, led by strong gains in earnings in the property
      AFP; FILE PHOTO  -  746 words
    • 142 4 Notes: Net profit refers to profit attributable to equity holders. Exchange Rate: US$l =551.532 Rmbl =550.201 Hal lf-year results enc ded I June 2007 COMPANY CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE 1 People's Food 58.44 74.51 -21.6 879.90 844.99 4.1 5.23 6.63 -21.2
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    • 389 4 H7I BANKS BANKS ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank of America NA 5 Bank of
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    • 346 4 Aug 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep07 Dec07 Mar08 Jun08 94.790 95.110 95.290 95.325 0 0 0 0 5708 ***** ***** 6691 EUROYEN FUTURES Sep07 99.170 99.190 Dec07 99.095 99.140 Mar08 99.015 99.060 Jun08 98.920 98.970 Sep08 98.825 98.875 Dec08 98.725 98.775 Mar09
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    • 727 5  -  WONG WEI KONG By HOCK LOCK SIEW FOR minority shareholders in International Capital Investment Ltd (ICIL) currently controlled by well-known businessman Oei Hong Leong all the hoping has been in vain. The company's continued failure to find a new core business, despite several
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    • 187 5 Dates of release of interim results ended June 2007 1 AEMHIdgs 2 Allgreen Prop 3 Allied Tech 13Aug 13Aug 13Aug 4 Apex-Pal 5 Armstrong Ind 6 Breadtalk 13Aug 13Aug 13Aug 7 C&G Ind Hldgs 13Aug 8 Chip Eng Seng 9 ComfortDelgro 0 CSE Global 13Aug 13Aug 13Aug 1
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    • 620 7  -  NANDE KHIN Decline caused largely by shortage in the supply of live pigs across China By PORK producer People's Food has posted a 68.3 per cent fall in second-quarter net profit to 63.4 million yuan (5512.7 million) due largely to a shortage in the
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    • 334 7  -  NANDE KHIN It got $30.98 m from the disposal of Dapenso Building By f HOTEL Royal Ltd's interim net profit has sky-rocketed to $33.5 million, boosted almost entirely by a one-off gain. The hotel operator recorded an exceptional gain of $30.98 million
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  • Page 4 Advertisements
    • 310 4 Exit Offer for First Engineering Limited by Affinity Precision (S) Pte. Ltd. FINAL CLOSING DATE FOR EXIT OFFER 5.30 P.M. ON 22 AUGUST 2007 First Engineering Limited to be delisted after Exit Offer closes Our Exit Offer closes at 5.30 p.m. on Wednesday, 22 August 2007 Our Exit Offer will
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  • Page 5 Advertisements
    • 683 5 Expert Help, Fast Turnaround to any accounting need: \~"^^^^^^*m clear "messy" accounts arising from change of systems staff turnover meet statutory Head Office reporting deadlines submit accounts to financial institutions reconstruct accounts from incomplete records extract financial information for a litigation crunch figures in preparation for IPO Call 6-*****68 now
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  • Page 6 Advertisements
    • 14 6 gegfflrawjiTt &B3BBBBBSBA MOBamaaißss ixxgfi ™«M"»ggßßHH^gamß«BHi!^ I H |j§|ll|§^ »*iS? agSg Sk§s£he^BmSsSs!&o X^ ■BfiSMaMEH w>Hn<"^NlHxH§ff|9
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  • Page 7 Advertisements
    • 433 7 I UNI-ASIA Jj||||||||P||||j^ W FINANCE CORPORATION BUB (incorporated in the Cayman Islands with Limited Liability on 17 March 1997) lS£ Hm pHM f^K Company Registration Number: CR-***** w OUR INCOME STREAMS "^S |V Distressed Shipping Companies/^ Assets Investment Shipowners V returns |ncentivefees arrangement fees INVITATION IN RESPECT OF 65,400,000 NEW
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  • Page 7 Miscellaneous
    • 175 7 EVENTS LISTING DATE/ TIME EVENT VENUE 13-14 Aug Marketing To Meritus Mandarin 9.00 am Youths: What Makes Them 'Click' Conference 14 Aug Conference on Meritus Mandarin, 9.00 am Geopolitics of Energy Mandarin Ballroom, in South Asia 6th Floor, South Tower 14 Aug HRSingapore Bayview Hotel 9.00 am Payroll Administration Workshop
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  • SINGAPORE MARKETS
    • 714 8  -  R SIVANITHY STOCKS The US sub-prime mess hasn't yet run its course. Volatility will remain high in the days ahead, and this will offer plenty of trading opportunities for short-sellers and day traders. On the one hand, most research houses, brokers and
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    • 1093 8 'aymem (cts) Ex Books date close Pay date \ceF> lies I 0.5H 29-Aui 03-Si 18-Se[ advanced Hldi w 0.500 O3-AU( O8-AU( 28-Aui Jlco Comm REIT 1.290 02-Aui 07-Aui 29AU( Jlco Comm REIT 0.78TE O2-AU( O7-AU( 29-Aui Jlco Comm REIT 00 0.920 O2-AU( O7-AU( 29-Aui vscendas REIT 15th tt
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    • 439 8 AFP CURRENCIES [HONG KONG] Asian currencies ended the week mostly down against the dollar as continued concern about the US sub-prime mortgage market hit world stocks hard and worries reverberated across Asia. Japanese yen: The Japanese yen will likely endure this week while
      AFP  -  439 words
    • 147 8 AFP COMMODITIES [LONDON] Global commodity prices slumped last week as speculators rushed to bank profits amid concern that demand for oil and metals will slide should the world economy dampen due to the US housing crisis. Oil: World oil prices dived, with a barrel
      AFP  -  147 words
    • 1771 8 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlco Commercial REIT 1.50 1.50 6 4.73 23.70 1.44 1.10 .llgreen Properties Limited 2.90 2.78 10 7.70 21.17 1.70 1.58 |ua-Terra Sui Co. Limited
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    • 4 8 WEEKLY
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    • 3 8
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    • 43 8 CLOSE -2111.00-162.00 BT OB/OS BT CADI -*****.00-422.00 BT 10-day MA -*****.00-211.00 All-SG Equities 923.15 -17.08 SG Equities Elect 114.71 -4.10 SG Equities Fin 2388.64 -54.17 SG Equities Prop 1440.43 -32.29 SiMSCI 413.25 -7.40 SiMSCI Future 410.80 -8.40 PrimePartnersCI 245.82 -7.85
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    • 56 8 VOLUME FHTK Hldi 321,666,000 *StarCruises 200,863,000 Yon. inam 169,501,000 DBSMBLeCW*****9 142,948,000 ChinaHom 133,146,000 Sini iTel 131,975,000 HLG 124,554,000 Armarda 115,331,000 Jade Tech 115,081,000 UOB MBL eCW*****5 108,194,000 VALUE(S) DBSGri 1,292,672,777 UOB 1,145,729,531 OCBC Bk 555,437,288 i Land 445,324,707 Sim iTel 443,599,090 Kei Cor| 335,600,532 SGX 261,668,500 At
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    • 104 8 CLOSE UP STI 3400SGAePW*****0 72 42.5 144.1 STI 3600SGAePW*****0 87.5 28.0 47.1 Sham iriLa Asia 1730 21.1 6.7 STI 3600SGAePW*****0 116 20.0 20.8 STI 3450SGAePW*****0 51 19.5 61.9 irAsia 10US$ 474 18.3 2.i UOBMBLePW*****7 37 17.0 85.0 STI 3600SGAePW*****7 97 16.0 19.8 GLD 10US$ 6580 15.2 0.2 JSH 1350
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    • 113 8 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 1370-220.0 -13.8 Jardine C&C Omei |aNav 3110-170.0 -5.2 JMH 2300-136.9 -3.8 BukitSemW*****3 660-110.0 -14.3 SC Global W*****0 344-106.0 -23.6 China H 10US$ 1550 -91.3 -3.7 Sembawam 1070 -90.0 -7.8 NOL 464 -81.0 -14.9 Con 1270
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    • 87 8 Wh lere! S$ stands Aug10 %CHNG CLOSE FR Aug 8 YR 2007 S$ LOW S$ HIGH uss 1.5212 -0.51 1.5479 1.5033 Euro 2.0827 -0.04 2.0996 1.9913 Pounds 3.0763 -0.49 3.1194 2.9323 AS 1.2863 0.85 1.3411 1.1741 Yen* 1.2883 -1.48 1.3277 1.2285 Rill liah* 0.***** 0.08 0.***** 0.***** Baht* 4.4636
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    • 1351 9  -  TEH HOOI LING HOW quickly investment sentiment can sour. Up till a few weeks ago, punters were still betting on penny stocks like there was no tomorrow. But the turning point came last month when a US bank, Bear Steams, spooked the markets with news
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    • 1412 9  -  ROBERT HALILI INSIDE MARKETS Frontline Tech, Aztech Systems resume buybacks at higher prices after this month's correction By I^RADES by directors and substantial shareholders remained low last week, with 46 firms recording 93 transactions in a holiday-shortened-week. The four-day figures were
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  • VIEWS FROM THE TOP
    • 3824 10 THIS WEEK'S TOPIC How important is innovation, especially business model innovation, to companies in Singapore and the region? Why do some organisations innovate successfully while others don't? Dhirendra Shantilal Senior Vice-President, Asia Pacific Kelly Services INNOVATION is absolutely important and necessary for anyone or any organisation
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  • Page 11 Advertisements
    • 158 11 Performance favours the ready. That's why we make our cars always a step ahead. The S-Class. With more power for an even more exciting drive. The moment you start the engine previous V 8 engine. With up to 388 hp, flawless agility. So you enjoy an of the S-Class, you
      158 words

  • DINING OUT
    • 1432 12 NEW MENU iggy's Third Floor, The Regent, 1 Cuscaden Road. Tel: 6732-2234 THE climb to the top of the fine-dining culinary tree is almost always a difficult one, fraught with all sorts of obstacles along the way. Those restaurants that beat the considerable odds and make
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  • Page 12 Advertisements
    • 14 12 33 Scotts Road Singapore *****6. Call 6836 0055 for reservations. Vfl El KJI »v<i^-^
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    • 204 12 The flat bed that has other airlines losing sleep. JMi 5!! T 55asfew Fly flat out. Non-stop to Abu Dhabi. You deserve a more comfortable way of reaching the Middle East. And there's nothing more comfortable than Etihad's Pearl Zone. Enjoy our award-winning business flat bed, flick the switch for
      204 words

  • FOCUS: SUB-PRIME CRISIS
    • 342 13 AFP [FRANKFURT] The US home loan crisis looks set to continue gripping world markets but the effect could be diluted because the risk is spread among investors around the globe, analysts say. The European Central Bank (ECB) pumped 155.85 billion euros (*****
      AFP; BLOOMBERG  -  342 words
    • 641 13  -  NEIL BEHRMANN But tighter credit, higher interest rates can cause market to slide further: analyst From in London IN the past year, central banks have studied various models on how to cope with a "systemic" global financial crisis. They are now being tested.
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  • Page 13 Advertisements
    • 1132 13 ONLY FOR DISTRIBUTION IN SINGAPORE Parkway Life REIT o*^ PARKWAY LIFE REAL ESTATE INVESTMENT TRUST I yr^4&£*#» (a unit trust constituted on 12 July 2007 under the laws of the Republic of Singapore) 1 */%A *^Q/ Offering 288,865,000 Units (Subject to the Over-allotment Option) J\ Offering Price: 551.28 Per Unit
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1055 14 In this continuing series on the world's greatest investors, JASON LOW takes a look at the strategies of legendary John Templeton DUBBED as the greatest global stock picker of the century by Money Magazine in 1999, John Templeton is regarded today, even at the age
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    • 918 14 CAMPUS LIFE Combining their network of contacts helped 28 EMBA students organise the ACEF, writes CHARMIAN KOK FOR 28 graduating students of the joint Executive MBA Programme offered by France's Essec Business School and Germany's Mannheim Business School, a final year project turned into one of
      918 words
    • 158 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 14 Advertisements
    • 46 14 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • Page 15 Advertisements
    • 767 15 T~~ li Ml I I 1 ■|i 1' v l^^ v.^ l^ V, \^s \_s *i_,-f x^• V "ffti]Eps-~s-~4 i! I ii- Bi- tf "^^^^P^^^^^^^i IBM Express Advantage is a whole new approach to moving your business ahead. With Express Advantage, you can now have access to simple solutions, priced
      767 words

  • ECONOMY WATCH
    • 581 16 Reuters 10-year government bond yields, which move inversely to prices, dip to 4.74% [NEW YORK] A raUy in the US government bond market that started in mid-June is displaying signs of fatigue, with benchmark yields at overbought levels and the market ripe for
      ■ Reuters  -  581 words
    • 766 16 Reuters NEWS ANALYSIS [NEW YORK] This summer's global credit market squeeze has seen volatility rise in world financial markets but has had the unforeseen effect of halting the US dollar's broad decline of the past year. At least for now. While the US dollar
      Reuters; AP  -  766 words
    • 228 16 -AP [WASHINGTON] The US federal deficit so far this budget year is running sharply lower, driven by record revenues pouring into government coffers. The Treasury Department reported on Friday that the government produced a deficit of U*****.3 billion for the budget year that
      -AP  -  228 words
  • Page 16 Advertisements
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  • MALAYSIA
    • 738 17  -  PAULINE NG MALAYSIA INSIGHT Only if Malaysian airport infrastructure keeps up with the phenomenal growth of Air Asia, which has Virgin on board now too 11 WAb quite a signt to Denoia. mcnara Branson, the blond British billionaire entrepreneur striding into the Putrajaya International Convention
      REUTERS  -  738 words
    • 232 17 [KUALA LUMPUR] RHB Capital Bhd, now under the control of the Employees Provident Fund (EPF), will soon reveal a new management line-up that could see the group getting a chief executive officer, Malaysia's Business Times yesterday quoted a top official as saying.
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  • Page 17 Advertisements

  • GREATER CHINA
    • 539 18  -  JANE MOIR Rise may reflect recent clampdown on corporate misdeeds, mainland companies' ignorance Reports by in Hong Kong COMPANY law breaches in Hong Kong have skyrocketed over the past few years, with more than 2,000 convictions in 2006 compared to just 88
      539 words
    • 161 18 Xinhua [BEIJING] China is very likely to become Nasdaq's biggest source of non-US listings by the end of 2007, according to Nasdaq Stock Market vice-chairman Michael Oxley. Although Mr Oxley declined to give the specific number, there must be at least 23
      – Xinhua  -  161 words
    • Article, Illustration
      62 18 Reuters Big races aren't for thoroughbreds alone. In this photo, alragonflies are seen flying beside 'Liam de la Roche', mounted by France's Nicolas Touzaint for the equestrian cross country test at the Hong Kong Olympic Equestrian Venue in Bea River yesterday. Hong Kong, famed for its world-class horse
      – Reuters  -  62 words
    • 263 18 Bloomberg [BEIJING] The conditions for introducing stock index futures in China are "already in place", the Chinese government says. The State Council, China's Cabinet, didn't give a timetable for the start of index futures in a statement posted on its website
      – Bloomberg  -  263 words
    • 234 18 Reuters Lax banks have built up 3t yuan of mortgage lending [HONG KONG] The quality of Chinese home loans is worse than in the United States, where a sub-prime mortgage crisis is causing turmoil in global financial markets, according to
      Reuters  -  234 words
  • Page 18 Advertisements
    • 19 18 iHlllllliynilll»i I Piracy whistle-blowpr. nn,», ~v»| BSA Anti-Piracy Hotline /^N^ i~^> r~* yv 1800-33-33-999 UtoA 7 business Software Alliance
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    • 71 18 k! "i sinoEnv Sinn-Environment Technology Group Limited HALF-YEAR 8007 RESULTS BRIEFING IMOTICE Shareholders of Sino-Environment Technology Group Limited (the "Company") are invited to the Company's half-year financial results briefing for the 6 months ended 30 June 2007. The briefing will be held on the 15 August 2007 (Wednesday), 10.00 a.m.
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  • INDIA
    • 743 19 Firms go on global buying spree but protectionist mood is strong at home [NEW DELHI] When Tata Steel bought an An-glo-Dutch competitor this year for US$l2 billion, the newspaper headline "Empire Strikes Back" symbolised how far India's economy had come in the
      AFP  -  743 words
    • 328 19 [NEW DELHI/MUMBAI] Five multinational pharmaceutical companies have preferred China over India for setting up research and development (R&D) units due to the inadequacies in India's patent laws, according to a report in Business Standard. Besides Novartis, the other companies are Roche,
      328 words
    • 303 19 [NEW DELHI] India Prime Minister Manmohan Singh has challenged his communist party allies in a deepening rift over a nuclear deal with the United States, saying that they were free to withdraw their support from the government if they object to the pact.
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  • Page 19 Advertisements
    • 544 19 In the Matter of The Companies Act, Cap. 50 And In the Matter of INTECHMALL PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****9961 D| NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting
      544 words
    • 832 19 beminaron MAI AVCIA i. WzMM^^&M Business Opportunities in IVIHLAT DIM MW mummmkS^&M^ nk: Keynote Address by the Honourable Dato' Seri Rafidah Aziz, Why Malaysia? Minister of International Trade and Industry, Malaysia Political and economic stability As participants in the seminar, you will have the opportunity to hear directly Investor friendly
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  • ASIA-PACIFIC/WORLD
    • 309 20 1 Reuters [PARIS] Leading European banks BNP Paribas, Deutsche Bank and Commerzbank are among the creditors of Homeßanc Corp, the US mortgage group which filed for Chapter 11 bankruptcy protection after running up debts of US$5 billion last week. US Securities and Exchange
      1 – Reuters  -  309 words
    • 551 20 Bloomberg Decline may prompt more investors to withdraw their money: source [NEW YORK] Goldman Sachs Group Inc's US$B billion Global Alpha hedge fund has fallen 26 per cent so far this year, a decline that may prompt more investors to withdraw their
      Bloomberg  -  551 words
    • 254 20 Reuters [DUBAI] Dubai-government owned investment agency Istithmar, which expects to make about US$2.5 billion of acquisitions this year, said it will be more cautious about purchases because of turmoil in global credit markets. A lending squeeze, triggered by defaults in the US market for
      – Reuters  -  254 words
    • 588 20 Reuters [LONDON] News Corp's Rupert Murdoch has said that he might make the Wall Street Journal's website free, a shift that could compel Britain's Pearson to do the same with the online version of its Financial Times. Numis Securities
      – Reuters  -  588 words
    • 543 20 Investors edgy over bid to curb foreign control of firms By OUR CORRESPONDENT in Bangkok FOREIGN investors, who have been the driving factor for making Thailand into South-east Asia's second largest economy, remain edgy as the military installed government has continued to
      BLOOMBERG  -  543 words
    • 2865 20 Transaction date: Aug 10 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific lank Of E Asia leida Jade Bird leijing
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  • AVIATION & SHIPPING
    • 198 21 Bloomberg [SEATTLE] Boeing Co's maiden flight of its 787 Dreamliner has been pushed back to October from late September, the Seattle Post-Intelligencer reported, citing unnamed sources. The push-back is mostly blamed on the installation of intricate systems on the plane, the newspaper
      ■ Bloomberg  -  198 words
    • 2370 21 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
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    • 429 21 Reuters Impressive showing by stock, bucking near-3% drop in Hang Seng; firm to buy vessels, ports [HONG KONG] China Shipping Container Lines Co (CSCL) plans to raise about US$l.35 billion through a Shanghai share sale, to buy vessels and ports, sending
      Reuters  -  429 words
    • 407 21 Bloomberg [BANGKOK] Thai Airways International Pel, Southeast Asia's second-biggest carrier, may add planes worth as much as 350 billion baht (5515.7 billion), as competition increases from Singapore Airlines Ltd (SIA) and other global rivals. As many as 65 planes may be added
      – Bloomberg  -  407 words
  • Page 21 Advertisements
    • 415 21 COLOMBO FEEDER OPERATORS NOTICE TO TRADE Bunker costs have been increasing for the past months and of late, bunker prices had hit record highs of over USD47S/MT (for IF0180) in Colombo. Due to these unprecedented increases in bunker costs, the following Colombo Feeder Operators wish to inform the trade that
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  • Page 21 Miscellaneous
    • 289 21 CRYPTIC CROSSWORD ACROSS 7 Anxious new bride with HE HE Bff^ I BF' BY Bl stud (9) BM_BM__BM_BM HHH BM HJ 8 Stop working for tycoon (5) r I B~ I 10 A file traps weapon scare- Lm hJ hJ hJ WM^^tM HI HI monger (8) BJ BJ BJ BJ
      289 words

  • SINGAPORE STOCKS
    • 242 22 tocl name lose lange tocl name lose lange tocl name lose range Alii ireen 0.48 1.580 -0.050 JMH 2.79 23.000 +0.400 SPH 3.02 4.440 Ascendasreit 0.94 2.560 -0.040 JSH 1.90 13.500 +0.500 ST Em 1.66 3.720 +0.020 Cai iComm 0.52 2.530 -0.110 Jardine C&C 0.70 13.700
      242 words
    • 95 22 Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 15 1 0 0 0 2 15 1 Manufacturing 18 203 13 10 46 28 249 16 Commerce 10 69 21 13 90 ir/O ims 38 41 Finance 27 28 Construction 21 11 32 Pro]
      95 words
    • 123 22 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 171.458 171.458 655.400 655.400 Manufacture 1.607.212 755.849 2.363.061 1.727.759 157.740 1.885.499 Commerce 1.170.397 74.031 1.244.428 517.745 17.233 534.978 ir/( 573.091 16.938 590.029 1.344.201 14.355 1.358.551 Finance 272.311 301 272.612 3.334.439 83 3.334.522 Construction 742.004 249.136 991.140 270.399 69.819 340.218
      123 words
    • 8535 22 52-wks Tel High Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Company 3.5 2 5716 1st Software 22 6 3148 STelecom 34 20 5834 A-Sonic 103 98 6389 ABF SG Bond ETF 53 21 1500 ACE
      8,535 words
    • 80 22 52-Wk Tel High Low Code Las. Sale Vol COOP] Day Last Quote Div GrYld Net MCaj Low Buyer Seller C'vr P/E $mi Comi Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170
      80 words
    • 2258 22 Hii |h Low Code Comi >air Sale COOP) Hii Low Bui rer Seller C'vr P/E $mil 30 13 1181 AAGrp 41.5 18 5000 ABRHIdgs 61 13.4 2319 Adampak 64.5 23 8515 Advanced Hldgs 16.5 1 1501 Advanced System 70.5 9 1524 Alantac 22.5 8 7814 Albedo 46.5 25.5
      2,258 words
    • 260 22 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net2 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
      260 words

  • FINANCE & COMMODITIES
    • 372 23 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Am 10 World Index Preliminary 1111.1 -1.9 0.9 -1.4 2.1 -1.9 2.8 EAFE Preliminary 1104.9 -3.0 -0.2 -2.6 2.1 -3.1 2.8 Euri Preliminary 1488.9 -3.0
      372 words
    • 60 23 Aug 10 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Aug 07 2550 Sep 07 2530 Oct07 2516 Nov07 2500 Total o/p: ***** contracts 2554 2555 2550 2537 2555 2504 2515 2528 2479 2499 2510 2465 Turnover: 8798 lots Market tone: lower
      60 words
    • 24 23 Aug 10 ten Hii STI SIMSCI Aui 420.5 423.9 410.8 Taiwan Aui 341 342.7 339.6 Source: Man Financial (S) Pte Ltd
      24 words
    • 21 23 Aug 10 Bid Offer 1-month 1.5171 1.5181 2-months 1.5136 1.5146 3-months 1.5102 1.5112 6-months 1.5011 1.5023 Source: OCBC
      21 words
    • 158 23 Aug 10 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2825 1.2836 0.8432 0.8435 Canadian dollar 1.4391 1.4400 0.9462 0.9463 Euro 2.0818 2.0830 1.3687 1.3688 NZ dollar 1.1287 1.1308 0.7421 0.7431 jterlini ind 3.0730 3.0748 2.0204 2.0205
      158 words
    • 270 23 Aug 10 RSS 1 (S cents/kg) Month Hi< Close Sett Volume (tonnes) Open Interest Low SepO7 Oct07 NOV07 Dec 07 Jan/Mar 08 Apr/Jun 08 323.50 322.25 322.25 322.25 321.75 324.50 RSS 3 (US cents/kg) Month Hig ab Low Sett Volume (tonnes) Open Interest Sep 07 214.00 Oct 07
      270 words
    • 134 23 As at 9am niUlt KM ItS Aug10 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2800 1.2950 Can dollar 1.4270 1.4440 Euro 2.0640 2.0870 NZ dollar 1.1250 1.1490 Sterlini 3.0530 3.0870 US dollar 1.5110 1.5280 Local dollars to 100 units of
      134 words
    • 165 23 Aug 10 $S Offer Bii Overnight 2 3/8 1 -month 2 9/16 2-months 2 5/8 3-months 2 5/8 Overnight mode: 2 3/8 US$ Offer 2 1/4 2 7/16 2 1/2 2 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr
      165 words
    • 469 23 Aug 10 AS CS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.891 6.390 0.616 6.594 34.261 78.794 0.995 7.859 2.934 1.136 50.976 38.566 1.283 6.066 1.007 27.804 28.746 0.417 0.843 Canada 1.122 7.169
      469 words
    • 173 23 Aug 10 GOLD (USS/oz) Aui OS Aui 10 GOLD BULLION COINS (S$) Sellini Bui rim Hong Kong London 668.50 662.50 669.50 663.50 Aug 10 Aug 09 674.45 664.25 675.05 664.85 Source: Reuters pjj jelling puyiiig Foz 1130.99 1009 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $396.97 325
      173 words
    • 74 23 Aug 10 (US$) (SS) 5.***** 2.***** 6mths 2.***** 9mths 2.***** 12mths 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$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 3.***** 5yrs 3.*****
      74 words
    • 88 23 Aug 10 'erioi Issue code laturity resterday's Bid lay's Low Mi 3-Month BQ*****Z 09.11.07 1-Year BY*****V 30.04.08 2.40 2.40 2.33 2.33 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****N
      88 words
    • 71 23 Aug 10 Co lit iiuiii, yy.i (US$/tonne) Close Previous Cash 2532.00 2541.20 3 months 2590.00 2602.00 Copper, Grade A (US$/tonne) Cash 3 months 7592.00 7450.00 7603.50 7470.00 Lead (US$/tonne) Cash 2982.20 3 months 2920.00 3026.50 2960.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      71 words
    • 78 23 Aug 10 Close Prev Hii ih/Low SepO7 948 944 Dec 07 976 973 Mar 08 992 988 May 08 1002 998 950/926 978/956 993/975 1002/985 COFFEE (US$/tonne) Close Pev High/Low SepO7 1796 1824 1821/1778 Nov07 1817 1843 1838/1796 Jan 08 1808 1833 -/1790 Mar 08 1803 1822 -/1795 SUGAR
      78 words
    • 97 23 Aug 10 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug07 850.00 858.00 859.00 841.50 Sep07 856.00 862.00 865.50 844.00 Nov07 871.75 877.75 881.50 859.00 Jan 08 886.50 892.25 895.00 874.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO7 36.28 36.88 36.50 36.20 Sep07 36.54 37.08
      97 words
    • 78 23 CRUDE OIL PRODUCTS Aug 9 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.72 -0.49 WTI (Near Mth) 71.60 -0.58 Dubai (1-Mth F) 66.81 -0.24 Tapis blend 76.15 -0.5 Minas 73.6 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 70.80 83.45 unch unch US$/barrel Opec Oil
      78 words
    • 4387 23 BONDS WARRANTS Fel ZodeComi Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left >am 3779 ASL Marine Hldgs W*****1 102 -3 138 ArianeCorp Ltd W*****9 4 -0.5 2967 1473 Ascendas REIT SGA ECW*****0 21.5 -6.5 110 >227 Ascendas REIT SGA ECW*****6 11.5 -3
      4,387 words
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  • Page 24 Advertisements
    • 2538 24 Shipping times UK CONTINENT SERVICE U.S.A SERVICE WrtfjjtWyrtfffi^W Destination Destination DURUMATA RTM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL IiNTERASIA RORO SERVICE VESSEI/VOY I RAMP(KT) HEIGHT(M) PKG KCH LCB I SIN I JKT Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia STRAITS SllffFSS 94 10 17 14/08 MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE j j
      2,538 words

  • Page 25 Advertisements
    • 4053 25 WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R I lit— TT A CTPTUXT _P AU I IXTPTU I TTI f(&b CK4 S~tC/?■ VTriA. laon ■■>■ iiiip* TEL: *****588 (14 LINES) FAX:*****163 I ft BT £Li\l3 I£L JVIX l^i\JV _L.ll> ILIY, LIU I f|l|f t£J i-SS IS YNMNuuAN HAI INrN Customer Service/Bookings Dir«l
      4,053 words

  • Page 26 Advertisements
    • 3326 26 VmM 19 SI I l^^fl Nordana (Asia) Pte Ltd itl SiSZ!ES21 7 I [»GLORY NAVIGATION GROUpI MM MM MM B^BSI 70 Shenton Way, #21 -03 Marina House Singapore *****8 W^.^st^J^%fK<^-^\ WUMMW*V mi'MWi'*n*m*M™*im NORTH WEST EXPRESS LINE nATKABFABBIVAInATK owns* operates Youngest fleet (■«Hfg«|pHpHpHH|aHHBpBHIIHipHpPHHaa|HIBIiH^HB|iBBpapHaapMIH|I MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DaTES
      3,326 words

  • Page 27 Advertisements
    • 4014 27 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'n
      4,014 words

  • BizlT
    • 723 28  -  PAWAN GANDHI <you say> It will offer new business opportunities for content and broadcast companies, mobile service providers, infrastructure and handset manufacturers, and technology providers By popular content for the new distribution platform, and also from made-for-mobile TV programmes. For mobile service providers who
      723 words
    • 763 28 -NYT [SHENZHEN, China] At least 20,000 police surveillance cameras are being installed along streets here in southern China and will soon be guided by sophisticated computer software from an Ameri-can-financed company to recognise automatically the faces of police suspects and detect
      -NYT  -  763 words
    • 137 28 Reuters [TOKYO] Elpida Memory Inc will start making DRAM chips with 65-nanometre circuitry by March 2008, becoming the first company to begin commercial output of the advanced chips, the Nikkei business daily said on Saturday. A nanometre is one billionth of a
      ■ Reuters  -  137 words
    • 491 30  -  WINSTON CHAI Firm's cellphone revenue here rises 80% last year in comparison to 2005 By 1 FOLLOWING record handset sales last year, Korea's LG Electronics has now set its sights on taking pole position in Singapore's cutthroat mobile phone market. According to Howard Lee,
      491 words
    • Article, Illustration
      393 30  -  LIM ROLAND WINSTON CHAI Compiled by and Nokia releases latest HSDPA phone NOKIA has released the Nokia 6120 Classic (above), its latest High Speed Downlink Packet Access (HSDPA) phone that lets you surf and send large files faster over an HSDPA cellular network. The 6120 also sports a
      393 words
    • 411 30 Xinhua Traditional stores and online shops face fierce price war [BEIJING] Online shopping is growing rapidly in China as more and more Chinese are buying books on the Internet. An earlier report issued by AC Nielsen revealed that China has the highest
      Xinhua  -  411 words
    • 560 31  -  ROLAND LIM China, India firms most aggressive in IT capital spending Gartner survey By HALF of Singapore firms in a new survey by IT research house Gartner said they were "conservative" when it comes to adopting information technology (IT), the highest percentage among respondents
      560 words
    • 666 31 -LAT-WP [LOS ANGELES] Google Inc has been watching Los Angeles. A caravan of cars and trucks mounted with cameras has been driving through the city's streets for months, snapping close-up photographs of homes, shops and public places. Any people who got in the
      -LAT-WP; REUTERS  -  666 words
    • <what's up>
      • 100 31 ENTERPRISE software vendor Computer Associates (CA) will host its CA Expo conference in Singapore for the first time. To be held at the Pan Pacific Hotel on Augls, 2007, the event will feature speakers like CA's managing director for Asia South, Brenton Smith,
        100 words
      • 82 31 PUSH email software maker Seven has appointed Peter Hogewoning as its new vice-president and general manager for the Asia-Pacific. Mr Hogewoning will be in charge of overseeing Seven's Asia-Pacific operations, including expanding its operations in China and India. Mr Hogewoning was previously regional vice-president
        82 words
      • 110 31 BUDDING and professional digital animators here who want to show their stuff should log on to www.hptoyrama.com, HP's latest contest to find the best digital animators in the region. Contestants will have to create animation movies starring five toy characters, using the scenarios and backgrounds
        110 words
      • 72 31 SINGAPORE has been ranked second best out of 198 countries for its e-government capabilities by Brown University. Singapore was pipped by South Korea for the top spot, but was ahead of third-placed Taiwan, fourth-placed United States, and fifth-placed Great Britain. Singapore was placed
        72 words
    • 462 31 Bloomberg The reduction will amount to 6% of the firm's workforce [DALLAS] Sun Microsystems Inc, the computer company that has fired 3,700 employees since May 2006, will spend US$lOO million to $150 million to eliminate more jobs. Sun, the world's
      – Bloomberg; AP  -  462 words
    • 219 31 [YANGON] Myanmar's largest information and communication technology (ICT) park, the Yadanabon Cyber City, will open by the end of the year, local Voice journal reported yesterday. Them Zaw, Minister oi Posts, Telecommunications and Telegraphs, made the announcement at
      219 words
    • 629 32 THE BUSINESS OF INFOCOMM TECHNOLOGY Once thought of as an operating system for desktop enthusiasts, Linux PCs fronted by an affable Penguin mascot are starting to find favour among major PC manufacturers, reports WINSTON CHAI SINGAPORE looks set to witness the introduction of
      AP  -  629 words
    • 339 32 Reuters Firm also decides to sell PCs installed with Suse Linux to customers in China [BOSTON] Dell Inc said last week it has decided to expand sales of consumer personal computers loaded with the Linux operating system to the United Kingdom, France, Germany
      ■ Reuters  -  339 words
  • Page 28 Advertisements
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      290 words

  • Page 29 Advertisements
    • 4144 29 NATIXIS] °9 ~M a, ,,,a t 18, .M OSIM INTERNATIONAL LTD UUXU||UluiSU*iiiUuMMLila2blJUiliSilUlii^^ (Incorporated in the Republic of Singapore) COMPARATIVE CONSOLIDATED BALANCE SHEET (Company Registration No *****4191N) 31/12/06 ai/iadTl I 31/12/06 31/12/oTI NOTICE 0F EXTRAORDINARY GENERAL MEETING sect* in miiiinnc nt c.roc ciiiEDc ciiiEQc li.kiiiii pc &lt;c rll lrn NOTICE IS
      4,144 words

  • Page 30 Advertisements
    • 191 30 Screen images are simulated. ***** Samsung Electronics Co. Ltd. I n imagine a colour laser multi-function printer y^SL^ big on colour, small on size .jjj jtaH It's amazing how something this small can make a huge impression. The compact CLX-2160/N delivers instant copies, high-resolution scans and stunning prints enhanced V
      191 words

  • Page 31 Advertisements
    • 56 31 Managed Services: Business tT Infrastructure Outsourcing with uptime of or higher. Internet Marketing: Business Web Sites, Email Marketing, Search Engine Optimisation, Web Site Analytics. Software as a Service (SaaS); t Pinnacle Asset and Facilities Management DoxSdnlry-SPAM Control Microsoft SharePoim sites and licenses Microsoft Hosted bxdiangc for Linaii and Office Pdb
      56 words
    • 37 31 LLINKVEST Linkvest Network Services NO 64A to 64H Lorong Ah Soo Land Area 2,014.5 sqm Tenure: Freehold Allowable Height: 3-storey Mix Landed IPPpPn^P Elevated Land Ideal for Cluster ■LiZ mjjjjftg Housing HH^Hj VfPlirrtl Near MRT Schools /Amenities
      37 words
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      176 words