The Business Times, 18 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
    16 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents «V A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
    16 words
  • Article, Illustration
    Lock icon Fed joins fight against the credit fireball
    644 1 ■Reuters, Bloomberg, NYT, AFP US central bank slashes primary discount rate in unusual move to make available liquidity to banks [WASHINGTON] In a surprise move to calm rattled financial markets, the US central bank made a half percentage point cut yesterday in the
    ■Reuters, Bloomberg, NYT, AFP  -  644 words
  • Article, Illustration
    Lock icon Crowded Orchard Rd waits for smoother lane
    860 1  -  ARTHUR SIM STB consulting industry players before announcing plans to bring more zip to Singapore's retail heart [SINGAPORE] It is at the heart of Singapore's retail sector, but with an estimated 1.5 million visitors flocking to Orchard Road every week, it could do
    860 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      113 1 I %^aa^S^^^fa^^Bamam\ A '"a HmS *-'ye n a word that redefines privileged living. Cliveden at Grange is an exclusive development nestled in l^*ll M'\;-y\ j.\ s^yi^ 'amaaamrarßi —~H aat^A^m ~^mp' =:S^*-^%y'Mt^\\VV^^^^l \W A^Z^^m i lifts that open *ne alDSo' ute privacy of one home per floor, complete with virtually 360°
      113 words
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      Lock icon Page 1 Advertisements Column 2
      1 1 8"*****l"*****4'
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      71 1 J|l RAFFLES F1 RACE JBHUHBI MOTORING y CONVERSATION Floating hotels I^^JJUMiMHI^B Bentley Arnage T: Gamuda founder MD under study but won't jj powerful and M Lin Yun Ling page 3 be ready page 2 u»» T^i,T F r a\2*\\ T^S^^liul a modern markets take so long to correct page 10
      71 words
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  • TOP STORIES
    • Article
      Lock icon Floating hotels under study but won't be ready for F1 race
      665 2  -  SAMUEL EE They are one of the options being explored to address tight room supply [SINGAPORE] Visitors may one day sit inside their floating hotels and admire Singapore's coastline, but this is unlikely to happen in time for the
      665 words
    • Article, Illustration
      Lock icon Heard the latest? Office chatter is the No. 1 work distraction
      459 2  -  LYNETTE KHOO [SINGAPORE] Now, pay attention. Talkative colleagues are the No. 1 disruption at work, far worse than the distraction caused by smoking breaks, Internet surfing and personal e-mails, a global survey shows. If you are being distracted by
      459 words
    • Article, Illustration
      Lock icon Non-oil domestic exports start second half with a bang
      504 2  -  CHUANG PECK MING [SINGAPORE] After a slim year-on-year gain of 1.8 per cent in the first six months of 2007, non-oil domestic exports got off to a promising start in the second half by growing 5.5 per cent in July. The
      IE S'pore  -  504 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Biosensors inks MOU with Indon firm to market stents
        68 2 DAYS after an acquisition to help expand its distribution network in China, medical device maker Biosensors International is on the move again, signing on Thursday an MOU with Jakarta-listed healthcare company PT Kimia Farma to sell its stents in Indonesia. Stents
        68 words
      • Article
        Lock icon Takeovers pave way for WesTech growth
        77 2 RECENT acquisitions are expected to give WesTech Electronics access to new markets and boost its revenues, the company said in a recent interview. This will allow WesTech to build on its healthy performance so fai this year. Strong growth in its components and display
        77 words
      • Article
        Lock icon K1 Ventures sells oil-linked business in Hawaii
        43 2 KEPPEL Corporation's investment associate, kl Ventures, has agreed to sell Mid Pac Petroleum LLC to Koko'oha Investments Inc for US$44 million plus adjustments. The transaction is expected to be completed this quarter. COMPANY NEWS, PAGE 7
        43 words
      • Article
        Lock icon Need to draw more accountants
        68 2 SINGAPORE needs more accountants. And to get them, it should look at facilitating the entry of foreign accountants or mid-career switches from other professions. To attract new entrants, the Big Four accounting firms have taken the lead to ensure that starting pay for fresh graduates
        68 words
      • Article
        Lock icon World's top legal eagles to land in S'pore
        78 2 UP to 4,000 top lawyers and judges will gather here from all over the world in October the International Bar Association's 2007 annual conference, the most prestigious event on the calendar for the legal profession. Minister Mentor Lee Kuan Yew will deliver
        78 words
      • Article
        Lock icon Talk mounts of BOJ curbing yen's rise
        62 2 JAPAN'S economic prospects seemingly bright until this week were plunged into deep doubt yesterday, as the yen soared further against most other currencies and Tokyo stock prices took a sickening 5.4 per cent dive, talk now is of the Bank of Japan (BOJ)
        62 words
      • Article
        Lock icon Instant noodles get the rap for rigging prices
        73 2 BEIJING slammed Chinese instant noodle makers yesterday, saying that they illegally colluded to boost prices by up to 40 per cent in a scheme that prompted a public outcry. The report came amid a nationwide probe into whether price-fixing or hoarding by
        73 words
      • Article
        Lock icon Borse Dubai bid USS4b for Nordic exchange OMX
        70 2 BORSE Dubai launched a US$4 billion cash offer for Nordic exchange owner OMX yesterday, trumping an agreed deal with US exchange Nasdaq., in a bid to create a group with global reach. Borse Dubai, which said that it would accelerate OMX's expansion
        70 words
    • Article, Illustration
      Lock icon STI plunges, then rebounds in V-shaped trading
      611 2  -  CONRAD TAN Short-sellers may have played a part in index's unusual movement [SINGAPORE] Shares in Asia ended the week sharply lower yesterday after plummeting for several days in a row, amid a tide of bad news and panic-sell-ing. But apart from Japan the
      611 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        46 2 Friday 1,191.55 lange -16.06 KLCOMP NIKKEI 225 15,273.68 -874.81 HANG SENG 20,387.13 -285.26 SET INDEX 758.42 +7.73 JAKARTA COMP Closed MANILA COMP 2,884.34 -57.97 SEOUL COMP 1,638.07 -53.91 SHENZHEN B 671.16 -55.03 MUMBAI IND 14,141.52 -216.69 11.45AM EDT Change 13,018.03 +172.25 DOW NASDAQ 2,496.01 +44.94
        46 words
      • Article
        Lock icon PRIME RATES
        28 2 Bloomberg Singapore 5.33 malaysia 6.74 ™°NG INDONESIA 15.718 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 "5 U j 0.l j CANADA 6.25 Switzerland 4.48 india 12.75 Source:
        Bloomberg  -  28 words
      • Article
        Lock icon FOREX
        41 2 US$ (S$ per US$) 1.537 (USS/SS )er 1.973 3.033 EURO(US$/S$/E) 1.341 2.062 YEN 112.80 73.40 RM 3.514 2.286 HK$ 7.806 5.078 BAHT 34.63 22.53 RUPIAH 9,475 6,164 RENMINBI 7.601 4.945 INDIAN RUPEE 41.43 26.95 A$ 1.293 0.841 NZ$ 1.488 0.968
        41 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Engineer with a passion
      2317 3  -  PAULINE NG talks to Lin Yun Ling, founder MD of Malaysian construction firm Gamuda, which has a market value of RM7 billion ALTHOUGH he is running what many perceive to be Malaysia's most aggressive construction firm, Lin Yun Ling comes across as far from combative in
      2,317 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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  • FOCUS:CPF
    • Article, Illustration
      Lock icon Having enough for the sunset years
      1174 4  -  GENEVIEVE CUA With fast-ageing babyboomers, this is now a crucial issue to be addressed urgently THE whole basis for the Central Provident Fund system is to help people save for their retirement but very often retired people find that their CPF savings are inadequate.
      FILE PHOTO  -  1,174 words
    • What they say...
      • Article, Illustration
        Lock icon Jon Robinson, Vanguard Investments managing director:
        89 4 "There will always be a conflict between people wanting higher returns but not willing to accept a decline in the nominal value of their account. Education is needed to persuade people that they need to be concerned about the outcome and not the path
        89 words
      • Article
        Lock icon Hitesh Shah, Prudential chief marketing officer:
        177 4 "A guaranteed interest rate breeds inertia. It inhibits people from actively seeking better returns, and that is one of the biggest issues. Most people use the CPF for housing and that also breeds a short-term mentality. "On annuities, insurance companies cannot compete with the
        177 words
      • Article, Illustration
        Lock icon David Richardson, director, PricewaterhouseCoopers Asia Actuarial:
        123 4 "The CPF does a good job mainly as a housing scheme with the residue for retirement and medical expenses. As housing prices increase, naturally there will be less for retirement and medical expenses. Additional retirement savings are needed either collectively through a company Section
        123 words
      • Article, Illustration
        Lock icon Mark O'Dell, AIA general manager:
        92 4 "Many Singaporeans appreciate the CPF's flexibility and put their savings towards the goal of a fully paid-up property before they retire. But concentrating a significant proportion of one's savings on a property shifts the focus away from the ultimate objective of having sufficient savings for
        92 words
      • Article
        Lock icon Tan Hak Leh, Great Eastern Life managing director:
        78 4 "It is extremely critical that we have a good idea of how much we would need for our retirement years and for how long. We have to start saving more as early as possible to benefit from the compounding effect. "We can
        78 words
      • Article, Illustration
        Lock icon Lester Gray, Schroders chief executive (Asia Pacific):
        100 4 "Investors are simply not holding a sufficiently well diversified portfolio of assets. Too much of their CPF savings is left idle as cash or tied up in a single asset like housing. "Many investors tend to be short-sighted in their investment approach. One
        100 words
      • Article
        Lock icon Hon Cheung, State Street Global Advisors regional director:
        88 4 "Singapore has one of the highest savings rates in the world. But the CPF has so far been structured more as a general savings platform where members' choices have tended to favour housing and non-pensions investing. A simple way to enhance returns
        88 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      160 4 ATMMBTlmlltffF IfllW^ MODERN LIVING REDEFINED i(jOOOcnarlone HHI^H^iH I 'ir^'i '..''■'-I>. r v^'l^Jb j^BB Hill 1_ PhMtss cflurtefiv of sotjy^ bjvic? q^ M Sn||y ifiCSSOII Wll 24th Anniversary Offer: All ENZO sofas at Half Price now. ncTfUTO PllßlE T™ 1 I Inftlttfl 1OOV» "u"* 1 <■< 1 H -f fl^^^^ bS
      160 words
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      307 4 I Join the world's fastest growing profession. According to career world "Hot Jobs in Teaching", ESL is one of the 3 areas with the most demand for teachers. This is an Exciting Time For Certified Master English Teachers as jobs advancement are many varied. There is a shortage of people
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Biosensors inks MOU with Indon firm to market stents
      504 5  -  MATTHEW PHAN Kimia Farma, which has a wide network, will sell Biosensors' bare metal S-Stent DAYS after an acquisition to help expand its distribution network in China, medical device maker Biosensors International is on the move again, signing on Thursday an
      FILE PHOTOS  -  504 words
    • Article, Illustration
      Lock icon STI fights back after 6% dive
      542 5  -  CONRAD TAN STOCKS By SINGAPORE stocks ended the week on a slightly less dismal note yesterday, despite falling for a third straight day. Despite plunging as much as 190.15 points or 6 per cent just after the second trading session resumed after the lunchtime
      542 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7678 5 UNIT TRUSTS FUNDS \BN AMRO Asset Mgt (S'pore) itar Europe Eqty!** 1.002/ itar Europe Bond 1.187/ itar Europe Bal 1.2/ itar Asian Tiger Eqty 1.372/ itar Asia Bond 1.293/ itar Asia Balanced 1.077/ itar Global Technology Fund!" 0.225/ ArltiStFd 1.003/ itar Asia Bond(USD) 0.843/ 3lb Multi St USD 1.19/ \sia
      7,678 words
    • Article, Illustration
      Lock icon WesTech eyes growth from acquisitions
      507 6  -  ARUN JOHN They are expected to give access to new markets and lift revenues RECENT acquisitions are expected to give WesTech Electronics access to new markets and boost its revenues, the company said in a recent interview. This will allow WesTech to build on its
      507 words
    • Article
      Lock icon STX Pan Ocean gets nod for Seoul listing, orders new ships
      342 6 Bloomberg The shipping line plans to raise up to 396.3b won STX Pan Ocean Co, South Korea's biggest shipper of iron ore, coal and other commodities, won preliminary approval to start trading shares in its home country for the
      – Bloomberg  -  342 words
    • Article
      Lock icon Asia-Pac Land plans Reit in S'pore
      207 6 Reuters TOKYO-BASED Asia Pacific Land Group is looking to raise at least Sssoo million through listing a real estate investment trust (Reit) in Singapore, banking sources said yesterday. Asia Pacific Land is said to have hired JPMorgan and Lehman Bros for the initial public
      Reuters  -  207 words
    • Article
      Lock icon SGX MAINBOARD
      8450 6 Transaction date: Aug 17 High Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 3.5 2 5716 1st Software 11 6 3148 STelecom 34 17.5 5834 A-Sonic 103 98 6389 ABF SG Bond ETF S3 21 1500 ACE Dynamics 30 15.5 1938 AEI Corp 27
      8,450 words
    • Article
      Lock icon k1 Ventures sells oil-linked business in Hawaii
      286 7  -  AMIT ROY CHOUDHURY Sale of Mid Pac Petroleum due for completion in Q3 KEPPEL Corporation's investment associate, kl Ventures, has entered into an agreement for the sale of Mid Pac Petroleum LLC to Koko'oha Investments Inc for US$44 million plus adjustments. The transaction
      286 words
    • Article, Illustration
      Lock icon Formula for business
      57 7 Staff of OCBC, in its 'Rev Up Your Business' drive, telling participants at the Singapore Chinese Chamber of Commerce Industry's llthlnfocomm Commerce Conference how to embrace technology to get more mileage out of their business. The bank's corporate online cash management platform, Velocity@ocbc, promises to accelerate financial
      57 words
    • Article
      Lock icon COMPANY BRIEFS
      83 7 PCl's net profit up 6.5% to US$6.3l m PCl's net profit rose 5.6 per cent to US$6.3l million for the full year to June 30, 2007, from US$5.9B million the previous year. Revenue rose 23 per cent to U*****.1 million. Earnings per share were 3.18 US cents. It
      83 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        60 7 Ban Joo 73,918,000 DBS Gri 369,246,203 Yon. inam 71,583,000 UOB 248,348,835 Gen Intl 57,257,000 Kej ■I Con 229,303,527 Jade Tech 54,534,000 Caj litaLand 201,844,881 Thai Bevera 53,225,000 OCBC Bk 191,925,691 Advanced S' :em 49,950,00! Cosco Cor 150,997,730 Chasen 46,888,000 SGX 143,029,678 LottVis 46,244,000 Sin. iTel 136,927,175 Caj
        60 words
      • Article
        Lock icon RISES
        108 7 BY CENTS BY PERCENTAGE CLOSE UP CLOSEUP STI 3500BNPePW*****0 90 58.5 185.7 NOLDBSePW*****9 2.5 400.0 2.0 STI 3450SGAePW*****0 158 53.0 50.5 Ca iitalanBNPePW***** 2 300.0 1.5 STI 3400SGAePW*****0 152 41.0 36.9 DBS BNPePW*****0 4.5 200.0 3.0 STI 3300SGAePW*****0 96.5 37.5 63.6 STI 3500BNPePW*****0 90 185.7 58.5 CoscoCori iBePW*****8 51
        108 words
      • Article
        Lock icon FALLS
        130 7 BY CENTS BY PERCENTAGE CLOSE DOWN CLOSE DOWN GLD 10US$ 6420 261.2 2.6 Ca iitaMalSGAeCW***** 0.5 90.0 4.5 Kei iCori DB eCW*****0 24.5 121.5 83.2 Kei iCori DB eCW*****0 24.5 83.2 121.5 QUE 1280 90.0 6.6 Kei iCori MEReCW*****8 10.5 82.8 50.5 ir China H 10US$ 1410 76.8 3..
        130 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      79 7 Up Down Unch 3 12 2 Up Down Unch OOP Up Down Unch 3 12 2 Multi Ind Manufacturini 20 173 31 37 26 210 37 Commerce J51 JM 18 79 J9 itor/ lomms Finance 25 26 Construction 17 12 29 !ro| Hotels/Rsts 10 14 Services 59
      79 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      129 7 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 79.326 79.326 365.954 365.954 Manu facturing 642.257 295.570 937.827 566.840 46.610 613.450 Commerce 335.301 20.036 355.337 214.752 4.026 218.778 Tpt/Stor/Comms 228.907 6.086 234.993 543.103 4.527 547.630 Finance 125.607 171 125.778 991.657 39 991.696 Construction 265.439
      129 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      234 7 Stock name «Vt Close Chani Allgreen 0.47 1.440 +0.020 Ascendasreit 0.94 2.390 -0.040 CapitaComm 0.51 2.280 -0.020 Capita Land 4.52 6.400 -0.200 Capita Mall 0.91 3.180 -0.100 Chart SemiCond 0.62 1.060 +0.020 CityDev 2.85 13.700 +0.100 ComfortDelGro 1.42 1.860 -0.040 Cosco Corp 1.40 3.900 -0.200 Creative
      234 words
    • Article
      Lock icon BONDS & WARRANTS
      3599 7 BONDS WARRANTS Tel Code Com| Tel Last Vol Conv Exer Code Company Sale +or- ('000) Ratio Price 3779 ASL Marine Hldgs W*****1 73 -11 36 1 53 2835 Allgreen RBeCW*****6 1.5 -1 288 0.5 218 #ArianeCorp Ltd W*****9 3.5 -0.5 1281 1 5 2227 Ascendas REIT SGA ECW*****6 4 -2.5
      3,599 words
    • Article
      Lock icon SGX SESDAQ
      2428 7 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
      2,428 words
    • Article
      Lock icon SGX XTRANET
      82 7 52-Wk Tel High Low Code Last Sale Vol fOOO] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Corn] >an' Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 *****
      82 words
    • Article
      Lock icon CLOB INTERNATIONAL
      69 7 52-Wk Tel High Low Code Last Sale Vol C0001 Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 141 105 6000 AVJennings 21.5 3 6134 Over&Gen 64 15.9 6017 StarCruises 320 169 6019 TanChonglnt A130cd A16 US53 HK200 halt -17.5 438 225
      69 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      31 5 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon 2 ways to get more accountants
      541 8  -  NANDE KHIN CPA FORUM S'pore can look at aiding mid-career switches or helping foreign entrants SINGAPORE needs more accountants. And to get them it should look at facilitating the entry of foreign accountants or mid-career switches from other professions. This was the message from
      LAU KENG SENG/UANHE ZAOBAO  -  541 words
    • Article, Illustration
      Lock icon Top young violinists to perform with Czech orchestra
      335 8 FOUR of Singapore's brightest young violinists will perform with the Czech Republic's renowned Prague Sinfonia Orchestra at a benefit concert next month. Of the four, 24-year-old Min Lee is perhaps the best known. Ms Lee, who went to Yale University at the
      335 words
    • Article
      Lock icon Bursting of sub-prime bubble healthy, says economist
      435 8  -  OH BOON PING vVHILE much uncertainty remains over ;he equity markets, the unravelling of the JS sub-prime mortgage problems is a lealthy development that should benefit sconomies over the longer term, a Singaoore conference was told yesterday. At the CPA Forum, Deutsche Bank's
      435 words
    • Article, Illustration
      Lock icon Citi S#pore CEO heads consumer banking in S-EA
      349 9  - Citi S #pore CEO heads consumer banking in S-EA NISHA RAMCHANDANI Jonathan Larsen now oversees Singapore, Thailand Indonesia, Malaysia CITIBANK Singapore's chief executive Jonathan Larsen has been appointed the bank's head of consumer banking for South-east Asia. He will be in charge of Citi's consumer banking business in Singapore, Indonesia,
      349 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Former Utac CFO joins MediaCorp
        30 9 UNITED Test and \ssembly Centre's former ?roup chief financial officer Yeo Mui Sung has loined MediaCorp. She takes up her new post on sept 10.
        30 words
      • Article
        Lock icon MOM to carry out labour force survey
        76 9 FHE manpower research md statistics department jf the Ministry of Manpower is conducting a labour force survey from next Friday until Oct 7. Flie survey aims to collect iata on employment, unemployment and other sconomic characteristics of the population to help in the
        76 words
      • Article
        Lock icon Networking club in Tokyo
        61 9 IE Singapore yesterday said it will set up a Singapore Business Networking Club in Tokyo to bring together Singapore companies in Japan and expatriates. The long-term plan is to grow the club as a platform to help new Singapore companies venture into this market. Singapore's ambassador
        61 words
    • Article
      Lock icon Regional bodies form Asian Mediation Association
      272 9  -  NISHA RAMCHANDANI AMA will pool resources for conflict resolution in region FIVE mediation centres Singapore, Hong Kong, Malaysia, Indonesia and the Philippines have come together to form the Asian Mediation Association (AMA) in order to advocate and facilitate mediation as a viable option to
      272 words
    • Article, Illustration
      Lock icon Health resort in a bottle
      540 9 BT^ E A BT-FRASERS CENTREPOINT MALLS JOINT PROMOTION NATURE'S most bountiful supply of minerals may just be at your fingertips. This week, the Bonus Issue promotion reaches out to the well-ness-conscious and pro-green customers. Ahava Dead Sea Laboratories, an Israeli skincare company, mines raw minerals
      540 words
    • Article, Illustration
      Lock icon World's top legal eagles to land in S'pore
      659 9  -  SIOW LI SEN Up to 4,000 lawyers, judges to fly here for IBA's conference from Oct 14-19 UP to 4,000 top lawyers and judges will gather here from all over the world from Oct 14-19 for the International Bar Association's 2007 annual
      659 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      519 8 BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. NOTICES i I GLOBAL EDUPRENEUR PROGRAM I I^^^^^^^^Bl EARN $10,000 MONTHLY without quitting your job. aV J&** £jA 4dL I 100% license fee MONEY BACK GUARANTEE* ?\f ipL
      519 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      609 9 In the Matter of ■TJB The Companies Act Cap. 50 IN THE MATTER OF |lQ3i yEuHalj^gafgg ln of companies act, cap. so SANGAJAPANESE RESTAURANT AND PTELTD INTHEMATTEROF I, Re.? iSlr? liOr! 1 983,° 26 j 9^ KNACKIFTE. LTD. (In Members Voluntary Liquidation] (Co Registration *****8988D) At an Extraordinary General Meeting
      609 words
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  • FOCUS:SUB-PRIME CRISIS
    • Article
      Lock icon Talk mounts of BoJ curbing yen's rise
      677 10  -  ANTHONY ROWLEY Expectation comes as currency surges further and Tokyo stocks slump 5.4% n Tokyo JAPAN'S economic prospects seemingly bright until this week were plunged into deep doubt yesterday, is the yen soared further against most other currencies and Tokyo stock prices took
      677 words
    • Article
      Lock icon Lack of insight about the crisis hampering turnaround
      869 10 -NYT Understanding lags events in the age of instant information [NEW YORK] Modern financial markets react with lightning speed to events halfway around the world. Investors in China can see instantly what happened in New York and make trades in London based
      -NYT  -  869 words
    • Article, Illustration
      Lock icon Treasury chief Paulson keeps a low profile
      631 10 -NYT [WASHINGTON] What happened to the Hammer? After decades at Goldman Sachs, where his nickname came from his aggressive deal-making, Treasury Secretary Henry Paulson was hailed last year when he took office as being especially equipped to manage potential market crises. But the
      -NYT; REUTERS  -  631 words
    • Article
      Lock icon Tight credit worsens US housing slump
      559 10 Reuters Analysts see impact on GDP to be higher than predicted [WASHINGTON] A drying up of mortgage credit is exacerbating the US housing market's deep slump, which looks set to last longer and take a bigger bite out of economic growth than economists had
      Reuters  -  559 words
    • Article
      Lock icon LTCM-type hedge fund collapse possible: Moody's
      339 10 Bloomberg, Reuters, LA'l'-WP [NEW YORK] Credit rating firm Moody's Investors Service fuelled concern that the global credit crisis is worsening by speculating that a hedge fund collapse on the same scale as Long-Term Capital Management in 1998 is possible. Hedge funds face potential losses
      Bloomberg, Reuters, LA'l'-WP  -  339 words
    • Article
      Lock icon BNPP: Sub-prime risk limited, manageable
      276 10 Reuters [PARIS] France's biggest listed bank, BNP Paribas (BNPP), said that its exposure to sub-prime risk was limited and manageable as it moved to reassure investors a week after rattling markets by freezing three of its funds. French Economy Minister Christine Lagarde also sought to
      – Reuters  -  276 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Synergy Drive to expand oil palm plantations by at least 9%
      415 11 Bloombciy The company says it will control 8 per cent of global production [KUALA LUMPUR] Synergy Drive Bhd, set to become the world's biggest palm oil maker by buying Malaysian growers, may expand its plantations at least 9 per
      – Bloombciy; REUTERS  -  415 words
    • Article
      Lock icon Petronas keen on Saudi refinery project
      148 11 [KUALA LUMPUR] Malaysia's national oil and gas firm Petroliam Nasional Bhd (Petronas) is keen to take a role in Saudi Arabia's Jizan oil refinery project, Malaysia's Business Times quoted its president and chief executive officer Mohd Hassan Marican as saying. "We have been approached
      148 words
    • Article
      Lock icon Proton, VW talks show positive signs: Abdullah
      198 11 Bernama [PUTRAJAYA] Prime Minister Abdullah Ahmad Badawi said on Thursday the talks on a strategic partnership between Proton Holdings Bhd and Germany's Volkswagen (VW) AG have shown positive signs. "The talks are ongoing but both parties need to have further negoti- ations," he
      Bernama  -  198 words
    • Article
      Lock icon Emirates Investment takes 15% stake in ETI for RM49m
      265 11 [PENANG] Emirates Investment Development Co (EIDC) has acquired a 15 per cent stake, comprising 34 million shares, in Mes-daq-listed ETI Tech Corp Bhd for RM49.4 million (5521.6 million), The StarBiz reported. ETI director Dennis Chuah told Starßiz the acquisition was completed
      265 words
    • Article, Illustration
      Lock icon Suharto's son denies graft in clove trade
      439 11 Reuters [JAKARTA] The son of former Indonesian president Suharto denied on Thursday that he had misused central bank funds in a 175 billion rupiah (5528.4 million) graft case involving the lucrative clove trade to manufacture cigarettes. Hutomo "Tommy" Mandala Putra, youngest son of
      Reuters; AP  -  439 words
    • Article
      Lock icon Malaysia lifts ban on monkey export: report
      392 11 Reuters The animals may be sold to Taiwan, HK, Korea and Japan [KUALA LUMPUR] Malaysia has lifted a ban on the export of long-tailed macaques in a bid to thin the population of the monkeys, which are becoming a menace in urban areas,
      – Reuters  -  392 words
    • Article
      Lock icon BURSA MALAYSIA
      2440 11 Aug 17 Aug 17 A &M Realty Abric Bhd Advance Synergy Adventa Bhd Ae Multi Hldgs Affin Holdings Ahmad Zaki Resou Aic Corp Airasia Bhd Akn Messaging Te Akn Technology Aluminium Co Amalgamated Ind Aminvestment Grp Ammb Hldgs Bhd Amsteel Corp Amtel Holdings Amway Malaysia Analabs Resource Ancom
      2,440 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Weathermen warn of lightning strikes at Beijing Olympics
      150 12 [BEIJING] Chinese meteorologists have warned that the site of most venues for the 2008 Beijing Olympics could suffer a high number aof lightning strikes alter trie SGames begin, state media said on Friday. Lightning has killed 499 people in China so far
      150 words
    • Article
      Lock icon Instant noodle makers get the rap for rigging prices
      511 12 AP nMajor China noodle found ocolluding to boost by up to 40% le ie [BEIJING] The government j.slammed Chinese instant noodle makers yesterday das being partly to blame for ■na surge in inflation, saying >that they illegally colluded lsto boost prices
      AP  -  511 words
    • Article, Illustration
      Lock icon China toy Jgroup -says poor Quality -output not delberate
      432 12 1111 \_4_ V \J AVy KJ Reuters !-[BEIJING] A Chinese toy group said that Mattel's glorecall of Chinese-made toys had had a huge impact *on the industry, with many losing their jobs, .but that the industry was not to blame. I
      1111 \_4_ \_. V \J AVy KJ – Reuters; REUTERS  -  432 words
    • Article
      Lock icon HK Q2 economic growth picks up with more jobs
      309 12 Bloomberg [HONG KONG] Hong Kong's economic growth accelerated in the second quarter as a jobless rate at a nineyear low fuelled consumer spending. Gross domestic product (GDP) in the three months ended June 30 climbed 6.9 per cent from a year
      ■ Bloomberg  -  309 words
    • Article
      Lock icon China to show leniency to minor offenders
      109 12 Reuters [BEIJING] China, which executes more criminals than the rest of the world combined, may show leniency to minor offenders, including poor people who steal just "occasionally", as long as they do not hurt anyone. Prosecutors have set new standards that spare five
      Reuters  -  109 words
    • Article
      Lock icon Latest Sands casino in Macai heralds new era
      631 12 -AP Gambling den for day trippers to turn into elegant resort [LAS VEGAS] This month's opening of The Venetian Macao hotel-casino in the Chinese gambling enclave is the culmination of threequarters of a century of Las Vegas history built "in one fell
      -AP  -  631 words
    • Article
      Lock icon Tariffs on over 5,000 Asean imports cut
      214 12 Average rate falls to 5.8% from 9.9% in 2005 following trade pact [BEIJING] China has cut or scrapped tariffs on 5,375 commodities from the Association of Southeast Asian Nations (Asean) since 2005 in an effort to boost trade, said Wang Xinpei, a Ministry
      214 words
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  • INDIA
    • Article, Illustration
      Lock icon India uranium deal as good as a non-proliferation treaty: Australia
      500 13 AFP It's environmentfriendly and will subject India to lAEA supervision [SYDNEY] Prime Minister John Howard yesterday defended Australia's landmark deal to sell uranium to nuclear power India, saying its safeguards were as strong as the international anti-proliferation treaty. The in-principle
      AFP  -  500 words
    • Article
      Lock icon Work to begin on rail freight corridor
      163 13 Reuters [NEW DELHI] India plans to start work on a dedicated rail freight corridor between New Delhi and Mumbai in the fiscal year 2008/09 and complete it by 2012, a federal minister said on Thursday. A meeting of the cabinet had earlier approved
      Reuters  -  163 words
    • Article
      Lock icon Price war erupts on India-US routes
      468 13  -  SIDDHARTH SRIVASTAVA in New Delhi SEVERAL new flights and routes, thanks to the opening up India's aviation sector, are leading to a price war. One sector that has already seen sharp cuts in fares is the busy India-US routes. A slew of direct flights
      468 words
    • Article
      Lock icon Gulf states facing Indian labour shortage
      211 13 [DUBAI] Once the ultimate job destination for many middle class Indians, Gulf countries now face a severe crunch of skilled workers from the country thanks to India's steady economic progress and rise in incomes, say company heads in the region. Gathering together at a
      211 words
    • BT SHARE INFORMATION SERVICE
      • Article
        Lock icon SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
        683 13 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before fOOO) JCj After ('000) Stock Bonvests Hldgs 17-Aug-07Henry Ngo «Buy 50 1.20 *****3 80.73 *****3 80.74 MidasHldgs 17-Aug-07Chew Hwa Kwang Buy 500 na *****1 14.00 *****1 14.05 Sino-Environment 16-Aug-07Sun Jiangrong Buy
        683 words
      • Article
        Lock icon COMPANY MEETINGS
        219 13 COMPANY MEETING PLACE DATE TIME 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 Boulevard #06-02B Suntec Tower One, Singapore *****7 22-Aug 11.00am New Lakeside E River View Hotel, Orchid Room
        219 words
    • Article
      Lock icon Nuke accord fails to please all lawmakers
      460 13 AP Opponents demand resignation of Indian prime minister [NEW DELHI] The uproar in the Indian parliament on Thursday was a clear sign that India's political elite is far from united on forging a closer relationship with the United States. Lawmakers opposed to a
      AP  -  460 words
    • Article
      Lock icon 'Save the rocks' typifies effort to preserve heritage
      593 13 NYT [HYDERABAD, India] They rise unexpectedly between glass office towers or at the base of a 12th-century fort. Sometimes they are perched precariously, one on top of another, as though they were the left-behind playthings of a civilisation of giants. More and
      NYT  -  593 words
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  • WORLD
    • Article, Illustration
      Lock icon Borse Dubai bids USs4b for Nordic exchange OMX
      654 14 Reuters Nasdaq says it remains committed to its plan to acquire the Nordic exchange [STOCKHOLM] Borse Dubai launched a US$4 billion cash offer for Nordic exchange owner OMX yesterday, trumping an agreed deal with US exchange Nasdaq, in a bid to create
      – Reuters; BLOOMBERG  -  654 words
    • Article, Illustration
      Lock icon Govt pulls out all stops for Thai referendum
      675 14  -  OUR CORRESPONDENT IT'S D-Day in Thailand tomorrow as the 2007 constitution drafted by the mili-tary-installed government is put to the vote in a referendum a move that many political analysts say is the first proxy war between the ousted government led by
      AP  -  675 words
    • Article
      Lock icon Skype software flaw shuts down online phone service
      470 14 ■NYT [SAN FRANCISCO] The online telephone service Skype was not working for much of the day on Thursday, leaving its 220 million users, some of them small businesses that had given up their landlines, with no way to call colleagues, customers and
      ■NYT  -  470 words
    • Article
      Lock icon Princeton tops US university rankings list
      299 14  -  ARUN JOHN By [SINGAPORE] Princeton, one of the choice institutions for Singaporeans looking to study overseas, has emerged as the top American university, beating other prestigious institutions such as Harvard, according to the latest study released by US News. Princeton was followed by Harvard
      299 words
    • Article
      Lock icon Consumer confidence hits lowest level in a year
      253 14 Bloomberg LATEST US DATA [NEW YORK] Confidence among US consumers fell in August to the lowest level in a year as slumping stocks and a widening credit crunch added to their worries about weakness in the housing market. The Reuters/University of Michigan
      – Bloomberg  -  253 words
    • Article
      Lock icon Mitsukoshi, Isetan in merger talks: report
      221 14 Bloomberg [TOKYO] Mitsukoshi is in takeover talks with Isetan to form Japan's largest department-store chain after sales in the industry slumped for a ninth year. "The companies are in talks, but details such as the merger ratio or who will be president haven't been
      ■ Bloomberg  -  221 words
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  • MOTORING
    • Article, Illustration
      Lock icon Luxury cruiser
      693 15 The new Bentley Arnage T may be frighteningly powerful but the ride quality is nothing short of heavenly, says SAMUEL EE ITS basic shape hasn't changed in almost three decades, but the shift in buyers' attitudes towards it has been nothing short of seismic. For the longest time,
      693 words
    • Article, Illustration
      Lock icon Estate of the art
      515 15  -  SAMUEL EE NOTHING exudes more machismo a beefy-looking estate with fat -wheels. But a Passat? And macho? 3Those two concepts are unlikely to gel in most people's minds until they see the new Volkswagen Passat Variant V 6 FSI 4Motion. It may be a mouthful but
      515 words
    • Article, Illustration
      Lock icon DRIVING NOTES
      326 15  -  SAMUEL E Ferdinand Alexander Porsche 35 years ago. In the cabin, the all-black interior with its Alcantara upholstery and instrument dials reflect the trademark timepieces. As for the body, it has been lowered by 10 mm, with 2 mm spacers so that the 19-inch turbo wheels can scream
      326 words
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  • GOLF
    • Article, Illustration
      Lock icon Mission accomplished
      1207 16 Asia's largest golf club featuring courses designed by players from five continents, will host Omega World Cup for 12 years, reports JUSTINE MOSS HEN Mission I Hills Golf Club opened in Shenzhen, Southern China, in 1994, it was in the process of developing a signature World Cup course
      1,207 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      731 16 Wilie&dilie with weekendßT Cafebiz Hai Tien Lo world's most popular cocktails as you eat, drink, chill or Oxford Hotel Traders Hotel, Lobby level Tel: 6831 4374 Pan Pacific Singapore mi"gle in a. s°Phisticated dub environment with m Qmm strgd a inin o >o understated elegance. T i. RMn uim Our
      731 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Check-up for eye-opening results
      999 17 Get a complete vision screening for an update on your general health the next time you buy a new pair of glasses, writes JAIME EE THAT the eyes are considered a window to the soul can sound really nice and romantic but on another somewhat more
      999 words
    • Article, Illustration
      Lock icon Niping the pain in the butt
      483 17 procedure to treat haemorrhoids is not only cheaper but is ly bloodless and free of any side effects, reports MELISSA HENG new gold standard in town for s ant of piles that promises effecp the pain in the butt minus Ksr v tftbk.iK»il£.,flffeaSftwiiua_ UIXXJ,
      483 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      124 17 yPTIC CROSSWORD t c > 20 Stones with a twis short (6) them? (5 nvinced there s possiin drink (8) 22 Another run (5) <nown symphony, alof variation (8) YESTERDAY'S SOLUTION nole where diplomats ,c. r Across: 1 Striking oil, 7 Trie: Entente, 10 Ladyship, 11 Sti le writing for
      124 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Savour black and go grey gracefully
      615 18  -  MELISSA LWEE Grey is the new black this season. So if you're updating your wardrobe, don't stray too far from noir but do think sharp, chic and sexy, report MELISSA LWEE and CHRISTOPHER LIM FOR app arel this fall/winter, grey is the new black.
      615 words
    • Article, Illustration
      Lock icon Big accessories is the way to go this season
      560 18 ACCESSORIES will be big this fall/winter, according to one insider. Bags this season are generally big, ranging from medium to large-sized but "over-sized" is the keyword think Celine's new Lirine bag that takes on the shape of an over-sized hand-held business
      560 words
    • Article, Illustration
      Lock icon Ted Baker's womenswear going strong
      649 18  -  CHRISTOPHER LIM MANY men are kicking themselves for throwing away their print and patterned shirts from the early 90s, now that it's perfectly acceptable again these days for men to wear stuff that deviates from conservative fare like stripes and solid colours. And for men
      649 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Exploring Nature's bounty
      1487 19 Discovering the great outdoors in Malaysian Borneo is literally breathtaking with high peaks and roaring rivers, writes CHEAH UI-HOON It's a gruelling climb, but Mount Kinabalu the tallest peak in South-east Asia has been getting popular with active travellers lately. To think that there's a three-month waiting
      PHOTOS BYCHEAH UI-HOON  -  1,487 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Meaty news for meat lovers
      935 20 ere's more to a good piece of beef than wagyu. JAIME EE discovers other cute that will please your palate and have you clamouring for more king of meats so revered and Hserved only in top restaurants is now seen as passe. Especially when even
      935 words
    • Article, Illustration
      Lock icon Afternoon delight of chocolate and tea
      599 20 JAIME EE ,-ONE of the first questions that come to mind when you meet pastry chef chocolatier Frederic Loraschi is, "What's a talented chocolate maker like you doing in Hummelstown Pennsylvania, selling chocolates in the '"same place where they make Hershey '"bars?" Well, says
      599 words
    • Article, Illustration
      Lock icon Finer cuts of meat right in the heartlands
      664 20 Huber's Butchery is carving them up at t FairPrice supermarket in Bukit Timah PI reports JAIME EE ORDINARILY, no self-respecting meat aficionado would be caught buying prime cuts of meat from a supermarket, not unless one were in a dire hurry and
      664 words
  • Page 20 Miscellaneous