The Business Times, 20 August 2007

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Microfilm: NL27785
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mm a Singapore press holdings publication mica (p) 202/12/2006 Monday,August2o,2oo7
    20 words
  • Article, Illustration
    Lock icon PM moves to tackle income gap
    1079 1  -  CHUANG PECK MING CPF returns to be increased, retirement pushed back, flats monetised for older owners as govt widens security net By AS the forces of globalisation widen the income gaps worldwide, Prime Minister Lee Hsien Loong unveiled a comprehensive strategy to make sure
    Gareth Chung  -  1,079 words
  • Article
    Lock icon Economic growth still intact despite market jitters: PM Lee
    399 1  -  CHEN HUIFEN DESPITE the recent market jitters that may affect Asia in the short term, Singapore's underlying growth potential in the long run stays intact in the 4-6 per cent range, said Prime Minister Lee Hsien Loong yesterday. "After Sars, we
    399 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      94 1 VIEWS FROM SUB-PRIME CRISIS PSHSXteI DINING OUT THAILAND 40. THE TOP US equities not out of Thanying at Sentosa: Voters approve MMy nation in 2017 the woods yet r^jj refined and regal draft constitution PAGES 8& 9 PAGE 13 W PAGE 10 PAGE 20 CPF stretched to provide cover for
      94 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CPF stretched to provide cover for ageing population
      1131 2  -  GENEVIEVE CUA NATIONAL DAY RALLY Higher returns, later drawdown age will make retirement savings last longer THE guaranteed interest rate under the CPF scheme will rise by one percentage point for amounts up to $60,000, in an effort by the government to
      FILE PHOTO  -  1,131 words
    • Article
      Lock icon New law will help older workers
      311 2 THE government will legislate the re-employment of older workers from 2012 in an effort to help them stay employed and to stretch retirement savings. In his National Day Rally speech, Prime Minister Lee Hsien Loong said union leaders have told him that "workers themselves
      311 words
    • Article
      Lock icon SCCCI setting up Business China club
      303 2 Move to encourage use of Mandarin; study of Malay language also gets boost THE use of Mandarin continues to anchor the bridge to China and the process has received fresh legs to push it along. The Singapore Chinese Chamber of Commerce and Industry (SCCCI)
      303 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Waterfront 'buzz' for Punggol in revamped plans
        73 2 PRIME Minister Lee Hsien Loong yesterday unveiled the new face of heartland living in Singapore which will be represented by Punggol 21+, which is the revamped vision of Punggol 21. To accomplish this, the river mouths of Sungei Punggol and Sungei Serangoon will
        73 words
      • Article
        Lock icon Apollo pumps US$1b cash into Star Cruises subsidiary
        69 2 APOLLO Management LP has agreed to invest US$l billion in cash for a 50 per cent stake in Star Cruises subsidiary NCL Corp, with a sub-agreement for an additional US$5OO million in deferred distribution. The injection will strengthen NCL and allow Hong
        69 words
      • Article
        Lock icon Micro-Mechanics net profit up 7.4% at $8.3m
        60 2 MICRO-Mechanics Holdings has posted a 6.8 per cent gain in Q4 net profit to $2.2 million, lifting full-year earnings to $8.3 million or a 7.4 per cent rise. Its performance was achieved despite slow revenue growth for Q2 and Q3, following record quarterly
        60 words
      • Article
        Lock icon UK business school to offer sports MBA
        62 2 THE Manchester Business School (MBS) wiU launch its first Global MBA for Sport and Major Events Executives next month, and plans to extend courses to Singapore and Dubai in 2008. The sports industry, like other specialised sectors, demands unique skills, MBS Worldwide chief
        62 words
      • Article
        Lock icon Relief for US market but it's not out of the woods yet
        74 2 MARKET players on Wall Street start this week wondering whether the Federal Reserve-induced rally last Friday was just short-term relief for a market poised to move into bearish mode, or the start of a meaningful recovery. The answer
        74 words
      • Article
        Lock icon Asia's economy robust despite plunging shares
        62 2 PLUNGING Asian share prices have again raised the spectre of a financial crisis, but analysts say that the region's economies are healthy and can weather the current crisis triggered by woes in the US mortgage market. The stock market falls included Tokyo's biggest slide
        62 words
      • Article
        Lock icon China unfazed by paper losses in Blackstone investment
        74 2 THE steep paper losses that China has suffered on its US$3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds. Jesse Wang, vice-chairman of Central Huijin, the central
        74 words
      • Article
        Lock icon Thai draft constitution approved by voters
        71 2 THAI voters have approved a draft constitution promoted by the military junta that ousted former prime minister Thaksin Shinawatra 11 months ago, paving the way for elections to be held this year, an early count showed. Preliminary returns show that 58 per cent of
        71 words
    • Article, Illustration
      Lock icon Waterfront 'buzz' for Punggol in revamped plans
      1130 3  -  NANDE KHIN NATIONAL DAY RALLY Also in the works: expanded upgrading programme for HDB and private estates PRIME Minister Lee Hsien Loong yesterday unveiled the new face of heartland living in Singapore which will be represented by Punggol 21+ the revamped vision of
      1,130 words
    • Article
      Lock icon Additional CPF housing grant for lower income to be increased to $30,000
      514 3 Household income ceiling to qualify for grant will be raised to $4,000 THE government will increase the maximum additional Central Provident Fund (CPF) housing grant to the lower income to $30,000 and raise the household income ceiling for
      514 words
    • Article
      Lock icon Fourth university as education takes centre stage
      455 3  -  CONRAD TAN Govt says education is vital to address growing income gap A FOURTH public university will be built to accommodate the growing number of students here who want to go to university, said Prime Minister Lee Hsien Loong yesterday. The government wants
      455 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon All eyes on American consumer spending
      553 4  -  CONRAD TAN STOCKS SO much for a decoupling of Asian stock markets from the US. Investors will be closely watching Wall Street and the movements of the Dow Jones Industrial Average this week, which the Straits Times Index and other regional indices have followed
      553 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1378 4 Payment Ex Books Pay date close date \ceF> imics 0.5N 29-Aui 03-Set 18-Set idamt 0.625 07-Set 12-Si 28 Set advanced Hldgs w 0.500 03-Aug 08-Aug 28-Aug dlco Comm REIT 1.290 02-Aui 07-Aui 29-Au] dlco Comm REIT 0.78TE 02-Au] 07-Aui 29-Au] dlco Comm REIT OO 0.920 02-Aug 07-Aug 29-Aug
      1,378 words
    • Article
      Lock icon Yen sharply up against greenback; Aussie dollar likely to fall further this week
      550 4 ■AFP CURRENCIES [HONG KONG] Fears over the scale of the reverberating US sub-prime mortgage market left Asian currencies vulnerable to sharp swings, with the Japanese yen closing last week much firmer against the US dollar but most
      ■AFP  -  550 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1700 4 Reuters Source: Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Company name Mlco Commercial REIT 1.50 1.50 6 4.73 21.79 1.44 1.00 11< ireen Pro jerties 2.80 2.78 10 7.59 18.71 1.72 1.44 |ua-Terra Su| Co.
      Reuters  -  1,700 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 WEEKLY
      4 words
    • Article, Illustration
      Lock icon UOB SESDAQ INDEX
      3 4
      3 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      43 4 CLOSE -1839.00-366.00 IT OB/OS IT CADI -*****.00-481.00 IT 10-day MA -*****.00-184.00 JI-SG Equities 847.85 -14.60 G Equities Elect 108.19 +0.78 G Equities Fin 2235.92 -3.56 G Equities Prop 1292.50 -25.18 iMSCI 384.53 -2.16 iMSCI Future 381.30 -2.00 'rimePartnersCI 197.52 10.77
      43 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 4 .ottVis 359,578,000 ian Joo 308,098,000 lade Tech 295,104,000 ien Intl 207,345,000 'om tarn 181,487,000 iini iTel 162,427,000 "hai Beverai 155,919,000 ILG 142,302,000 ilandDBeCW/*****8 134,753,000 luation 134,087,000 VALUE(S) IBS Gri 1,293,365,877 IOB 1,100,470,671 i Land 693,275,960 Con 656,971,017 ;gx 609,865,881 ICBC Bk 573,722,169 iini iTel 550,618,349 !osco Con
      55 words
    • Article
      Lock icon RISES
      98 4 CLOSE UP iTI 3450SGAePW*****0 158 107.0 209.8 iTI 3600SGAePW*****7 183 86.0 88. iTI 3400SGAePW*****0 152 80.0 111.1 iTI 3500SGAePW*****7 153 79.5 108.: iTI 3300SGAePW*****0 96.5 67.0 227.1 iTI 3500SGAePW*****0 153 64.0 71.! iTI 3500BNPePW*****0 90 58.5 185. iTI 3600SGAePW*****0 146 58.5 66.! iTI 3400SGAePW*****7 108 54.0 100.1 iTI 3600BNPePW*****0
      98 words
    • Article
      Lock icon FALLS
      94 4 CLOSE DOWN 6420-245.9 -2.4 LP 10US$ China H 10US$ 1410-215.1 -9.0 iBS Gr| 1950-170.0 -8.0 Con 1100-170.0 -13.4 :oscoCor| IEReCW***** 90-166.0 -64.8 Korea 10US$ 466-129.1 -15.3 DBeCW*****0 24.5-121.5 -83.2 ire Land 830-120.0 -12o izra 470-110.0 -19.0 :osco Con 390-108.0 -21.7 BY PERCENTAGE CLOSE DOWN iMalSGAeCW***** 0.5 -90.0 -4.5 iBS
      94 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      98 4 Reuters Clob Closing prices are in trading currencies, but absolute difference is in Ss. Source: Aug 17 OiCHNG CLOSE FRAug16 YR S$ LOW R2007 S$ HIGH USS 1.5363 0.11 1.5479 1.5033 Euro 2.0652 -0.04 2.0996 1.9913 Pounds 3.0368 0.53 3.1194 2.9323 AS 1.1943 2.44 1.3411 1.1741
      Reuters  -  98 words
    • Article
      Lock icon Market slide sparks buying wave
      1457 7 INSIDE MARKETS Number of companies recording share buybacks more than triples, with transaction values doubling, reports ROBERT HALILI THE 534-point drop in the market last week prompted a wave of buying by directors, institutional investors, and listed companies. A total of 72 firms recorded 171
      1,457 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Apollo pumps US$l b cash into Star Cruises subsidiary
      417 5  -  CHEN HUIFEN It will take 50% stake in NCL; deal to be completed in Q4 LEADING private equity firm Apollo Management LP has agreed to invest US$l billion in cash for a 50 per cent stake in Star Cruises' wholly-owned subsidiary
      417 words
    • Article
      Lock icon SIAS names Tan Chok Kian as chairman
      233 5 THE Securities Investors Association Singapore (SIAS) yesterday said it has appointed Tan Chok Kian as its first chairman. Mr Tan was a former top civil servant and chairman of POSB. He held the position of permanent secretary just before he retired from the
      233 words
    • Article, Illustration
      Lock icon Internal audit must also identify business risks for firms: survey
      625 5  -  MICHELLE QUAH Traditional focus on core fiscal controls evolving: EY study MENTION "internal audit", and the image of sternly dressed men and women performing routine checks on financial records most often springs to mind. Even today, many assume the internal
      2007 Ernst & Young Global Internal Audit Survey  -  625 words
    • Article, Illustration
      Lock icon GOT TO RUN
      71 5 SINGAPORE Exchange executives rallying support at Raffles Place for The Bull Run 2007, a charity fun run in the CBD on Oct 12. The run is sponsored by the exchange in collaboration with Temasek Holdings and in partnership with the Central Singapore Community Development Council, The Business
      71 words
    • Article
      Lock icon Inherent risks of investing in foreign companies
      503 6  -  CHOW PENN NEE SINGAPOREAN investors would have gotten used to investing in foreign-incorpo-rated companies by now, judging by the large number of such companies listed on the Singapore Exchange. But just doing research on the company's business operations, cash flows and growth prospects
      503 words
    • Article, Illustration
      Lock icon Micro-Mechanics earnings up 7.4% at $8.3m
      466 6  -  CHEN HUI FEN PRECISION tool maker Mi-cro-Mechanics Holdings has posted a 6.8 per cent gain for Q4 net profit to $2.2 million, lifting its full-year earnings to $8.3 million or a 7.4 per cent year-on-year growth. Its performance was achieved despite slow revenue growth
      FILE PHOTO  -  466 words
    • Article
      Lock icon China XLX Fertiliser to exercise option
      239 6 CHINA XLX Fertiliser yesterday said it has agreed to exercise its option to acquire from XLX Chem the assets in its existing plants that are currently leased by its wholly owned subsidiary XLX Fertiliser. Costing 209.9 million yuan (5542.2 million), the assets to be
      239 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        56 6 Weekly C 3,130.71 Change -228.47 ST Index 1 COMP 1,191.55 -96.15 IIKKEI225 15,273.68 -1,490.41 IANG SENG 20,387.13 -1,405.58 SET INDEX 758.42 -46.42 JAKARTA COMP 1,908.64 -298.76 1ANILA COMP 2,884.34 -397.62 SEOUL COMP 1,638.07 -190.42 SHENZHEN B 671.16 -102.68 IUMBAI IND 14,141.52 -726.73 )OW 13,079.08 -160.46 JASDAQ 2,505.03 -39.86 S&P
        56 words
      • Article
        Lock icon PRIME RATES
        28 6 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.6346 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.14 INDIA Source: Bloomberg
        Bloomberg  -  28 words
      • Article
        Lock icon FOREX
        38 6 IS$ (S$ per US$) 1.537 (USS/SS per 1.973 3.033 IURO(US$/S$/E) 1.341 2.062 EN 112.80 73.40 3.514 2.286 IK$ 7.806 5.078 IAHT 34.63 22.53 UPIAH 9,475 6,164 ENMINBI 7.601 4.945 INDIAN RUPEE 41.43 26.95 1.293 0.841 1.488 0.968
        38 words
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      Lock icon Page 5 Advertisements Column 1
      3 5 O 3 O
      3 words
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      Lock icon Page 5 Advertisements Column 2
      152 5 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      152 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 3
      362 5 q&a Citi Private Bank Philanthropy: The Art of Giving Wisely m^m^^fUZ^^if^Puf'U IPPIiT^^T™H Q Philanthropy is gaining prominence. Q Tough questions. Where do you come in? What has sparked this. A Qur Philanthropic Advisory service can take A Successful entrepreneurs who have amassed you through the whole process from inception significant
      362 words
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      Lock icon Page 6 Advertisements Column 1
      1066 6 Hong Kong Singapore Malaysia —•-■■———•--^—^-■^^■—•r———^~-—~ j iig tW U^ o^7 &.«stf ToiiT «.S!_S^-~^lP" 95.468 -3759 j 6-17 ***** e3 I <I.n? jOl7 I 09& OiJl 0.6S I |^%J I *97 C 7.***3 J?.^ a.4j 1 tlrt^ V.-^V\ -,t!v-40.800 -***** -1-32 0-02 UU 5o JJJ 0.47 046 0.31 nnnGKn iC ts>.
      1,066 words
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  • Page 7 Advertisements
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      58 7 WX&P'-;-'1'- i^ M^i?,*-- w mm—^ ggg^ J '_f -^B- _r Xmm^^^kmW Vfl^B. __Jfc -^^T A ■Jfr Amßf Wsm^m^mm^^mmTcm*~~-mmrm-—^mm^L. %MsM::r IC \AW^ m^^^TmWmW mW V B^i^i^Ai^fl fe^~ Wmr^^mWmmmfm] _______fi_f V A. mm mm. V _h i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^i^HHn i^i^^. ,i^hi^b,^i^i^i^il i^K*^^ P^ V^^ Hr]P| i^P* H '^t_H |i^t_Pl I^B^ "I V<H^^ "^**<. il^i^i^i^i^i^il
      58 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon MY NATION IN 2017
      3265 8  -  Dora Hoan THIS WEEK'S TOPIC Describe the Singapore you would like to see come Aug 9, 2017. What do we need to do now to ensure that this vision becomes reality? Group RECOGNISING that the past 42 years has helped lay the foundations! for a vibrant
      3,265 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      187 9 Aw M Ik m\ -c^i^Efl mmmf-^-^—^i^mlmmm m vflrS^!> i^i^i^^Bßi^^i^i^bi^i^i^i^i^i^i^i^i^i^i^i^i^^^iMi^i^Hi^i^K I- With power comes responsibility. That's why we set our safety standard even higher. H^^lZrjjg The S-Class. With PRO-SAFE™ to give you peace of mind. 59^^5 Tomorrow's safety technology always Before, during, or even after an accident and even opened windows
      187 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Winning cuisine
      665 10  -  Jaime Ec NEW RESTAURANT Thanying Restaurant Amara Sanctuary Resort, 1 Larkhill Rd, Sentosa. Tel: 6825-3881 THAI food is probably a cuisine that's been flying under the culinary radar these days as modern European, Pacific rim and the like enjoy greater prominence in the hot dining belts in town.
      ARTHUR LEE  -  665 words
    • Article, Illustration
      Lock icon Value for money set
      386 10  -  By Cheah Ui-Hoon $25 AND UNDER Brussels Sprouts 80, Mohd Sultan Road, The Pier Robertson, #01-12. Tel: 6887-4344 THE Pier at Robertson Quay draws an after-work crowd looking for good food and a relaxed ambience for dinner, but there's no reason to wait till sundown to
      386 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      39 10 r FULL GROOMING (Includes Interior) Claying, Waxing, Polishing, Car Wash, Interior Boot Vacuum, Le.ather Dashboard Cleaning, Treatment Conditioning, SK Paint Protection Coat, All windows Repellent Coat, Cleaning of Rims, Tyreshine Lianhe Zaobao IPOs lose I their I ■shineos I
      39 words
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      Lock icon Page 10 Advertisements Column 2
      19 10 Youiusicnancetocatcli Justin nmberlaKe &600 D^ artotte mlOSMifleiesTIJBTINTIMBEISjJH^K'2!' J P'!¥' a jfTf mmWh'AMJtf _J mmy\ PIMM courtesy of iiCTtMTO w\3SB
      19 words
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      Lock icon Page 10 Advertisements Column 3
      80 10 YOURS ~m.. r ,^j_ imrt^^i^K'^i^ifl mmm Mr T FFnfficmri"'™''T rvrt*vr^ffis™HEn ,:;ireastP|,:: It n 3E In this month's GameAxis/L33T, we explore the serious business of character costumes and cosplay, and take you also into the demonically-infested world of Hellgate: London. Grab this month's issue for all the latest and L33Test in
      80 words
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  • SINGAPORE NEWS
    • Article
      Lock icon EVENTS LISTING
      169 11 TIME EVENT VENUE 21 Aug 07 9.00am HRM Skills Projecting a Professional Image Bayview Hotel 21-22 Aug 07 8.30am 10th Annual Shared Services Asia Summit 2007 Raffles City Convention Centre 21-22 Aug 07 9.00am Professional Business Writing PSB Academy 22-23 Aug 07 8.00am Acte Asia-Pacific Education Conference The
      169 words
    • Article, Illustration
      Lock icon UK business school to offer sports MBA
      497 11  -  MATTHEW PHAN Course takes off next month; to be extended to Spore, Dubai next year FANCY taking an MBA course with Bobby Charlton as instructor? That wish might not be so remote. The Manchester Business School (MBS) will launch its first Global MBA
      497 words
  • Page 11 Advertisements
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      88 11 8 1 A^st r m W ma W^ mwf mm M ~K\i*~ 1r \*mmW jW i^M*i*i:Jßl»M.^HlS|e»f. You merely look after it for the next generation. AmW^^mm i^fei^k. Awf Wl 'We^k. i^B A^%&^--, -■>- m ■^^r^Amm^SmW iH^ M I i^^ r P^^ j* 1 Ref. 5296 c by Patek Philippe. J
      88 words
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      Lock icon Page 11 Advertisements Column 2
      662 11 Expert Help, Fast Turnaround to any accounting need: r"^X\^^ 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
      662 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon The wizard of Wall Street
      1050 12 Julian Robertson is somewhat of an iconoclast, having risen from a Wall Street sales trainee to a successful hedge fund manager, reports LIN ZHAOWEI LILIAN Robertson is one of the most successful and best-known hedge fund managers of recent times. Dubbed the "Wizard of Wall
      1,050 words
    • Article, Illustration
      Lock icon Yale 'bulldogs' find S'pore's bark bigger than its bite
      912 12 Yale 'bulldogs' find S 'pore's bark bigger than its bite CAMPUS LIFE Yale interns debunk dire preconceptions to find the Kepublic an accepting community, writes SAMANTHA LEE MENTION the phrase "Bulldogs in Singapore" and you will get blank stares. But throw in the word "Yale", and the nonchalant expressions may
      912 words
    • Article
      Lock icon Be smart with your finances
      204 12 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
      204 words
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      46 12 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.
      46 words
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  • FOCUS: SUB-PRIME FALLOUT
    • Article, Illustration
      Lock icon Relief for market but it's not out of the woods yet
      1307 13  -  ANDREW MARKS WALL STREET INSIGHT Fed-induced rally may be just a short-term cure for a bourse poised to move into bearish mode Despite the encouraging come-back from losses that had the Dow and other major indexes trading below the
      AP  -  1,307 words
    • Article, Illustration
      Lock icon Bernanke's move a well-measured response
      802 13 The Washington Post It aims to limit risk to growth without moral hazard [WASHINGTON] As the world's financial markets experienced a wrenching upheaval and markets for home mortgages and many other kinds of debt came to a standstill, Wall Street begged Ben S Bernanke and
      The Washington Post  -  802 words
    • Article, Illustration
      Lock icon Swiss central bank chief slams US system
      360 13 AFP, Reuters Sub-prime situation encouraged from financial institutions to ratings agencies [GENEVA] Swiss central bank chief Jean-Pierre Roth has sharply criticised the US economic system in an interview published yesterday. "Something unbelievable happened," Mr Roth said in an interview in the Swiss newspaper
      AFP, Reuters  -  360 words
    • Article
      Lock icon Risk management tools may have fed liquidity crisis
      380 13 Reuters Trading programs encourage herd mentality: analysts [ZURICH] Sophisticated systems used by banks to help weigh risks in trading asset-backed securities may have helped fuel a liquidity crisis as investors rushed for the exit at the first sign of trouble, said analysts
      – Reuters  -  380 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon PRIME LENDING RATES
      391 14 Aug 77 BANKS ABN Amro Bank NY 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
      391 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      346 14 Aug v URODOLLAR FUTURES >ep07 3ec07 Vlar08 Iun08 94.785 95.200 95.510 95.525 0 0 0 0 ***** ***** ***** 6774 EUROYEN FUTURES iep07 99.195 99.200 3ec07 99.145 99.165 Vlar08 99.120 99.125 Iun08 99.075 99.090 iep08 99.000 99.075B 3ec08 98.940 98.950 Vlar09 98.875 98.875 Iun09 98.785B 99.175A 99.140
      346 words
    • Article, Illustration
      Lock icon Is a hard landing on the horizon?
      584 14  -  S JAYASANKARAN MALAYSIA INSIGHT With the sub-prime malaise spreading to credit markets, derivatives may be the next to fall THE steep drop in Malaysian equity prices have raised concerns about economic growth going forward. It is a valid concern as growth over the
      584 words
    • Article
      Lock icon IPOs likely to be postponed amid market turmoil
      419 14 MAS gets nod to delay RM 1.6b rights issue until February [KUALA LUMPUR] A growing uncertainty in the stock market has probably claimed its first victim when Malaysian Airline System Bhd (MAS) last week asked for more time to sell new shares
      419 words
    • Article
      Lock icon No hike in fuel prices: Indonesian minister
      251 14 Xinhua But fuel subsidy will be cut by 17% to 46.7t rupiah in 2008 [JAKARTA] Indonesian Energy and Mineral Resources Minister Purnomo Yusgiantoro has said the government would not raise fuel prices next year, despite a hefty cut in fuel subsidy spending in
      Xinhua  -  251 words
    • Article
      Lock icon No approval to begin talks to buy RHB Bank, says KFH
      159 14 Reuters [KUWAIT] Kuwait Finance House (KFH) yesterday said that Malaysia's central bank had not yet given its Malaysian unit permission to start talks to buy RHB Bank. State-controlled Malaysian RHB Bank said last Thursday it would start talks about
      Reuters  -  159 words
    • Article
      Lock icon STOCKS ASIA
      2814 14 Transaction date: Aug 17 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 ONG KONG Vol '000 HKS ieon Credit ieon Stores ingang Steel inhui Conch inhuiexpressway isia Satellite ism Pacific ank Of E Asia eida Jade
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Asia's economy robust despite plunging shares
      647 15 ■AFP Analysts say recent sell-off bears no relation to 1997 financial crisis [HONG KONG] Ten years ago the crumpling of Asia's Tiger economies sent shockwaves across the globe, but this time the region is being pummelled by a crisis that is "Made in the
      ■AFP; AFP  -  647 words
    • Article
      Lock icon North American leaders meet for cooperation talks
      246 15 AP Agenda to include border security, product safety [WASHINGTON] US President George W Bush joins Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon today in hopes of expanding cooperation among their countries, which enjoy the largest trading partnership in the world.
      AP  -  246 words
    • Article
      Lock icon German, EU economies in good shape: ECB
      179 15 Reuters [BERLIN] The economies of Germany and the European Union are in good health overall, European Central Bank Governing Council member Axel Weber said in an interview broadcast on Saturday. "The German and European economies are essentially healthy," Mr Weber said in an
      Reuters  -  179 words
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      36 15 Travel Central $2.5 M Childcare East $I.BM Food Services East $690K Publishing West $600K Construction East $500K Consulting Central $500K Entertainment Central $450K IT Central $400K Automotive North $350K Franchise Central $250K For More Details: www.ebizsurf.com.sg
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      134 15 Wmr*J^mwSmW UUUULU.QC-QSiQ.SQ 1 Ml JLf lift 1 Organised by: Held In: Supporting Governmental Agencies: Official Cable TV Partner: Official Online Partner: (P—=- SinraSSfg |ffi iDA nr Jq <£^g> @3ffiZ^*= Confnnn&BdilbHJenriinßgwiiintSvvlcßßaLtd L.*i*r M*t» InMmwJcntl GmbH -J S^f?" !™S° nS li*co™ Development Me*iDerelopinent SfriM»i-aT«irfcm Dimlopmm Board Authority of Slnppor* Authority Board Business
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  • INDIA
    • Article
      Lock icon ICICI gets nod for unit stake sale to foreigners
      120 16 Xinhua [NEW DELHI] Indian lender ICICI bank has won government approval to sell 24 per cent of its stake in its subsidiary ICICI Financial Service to foreign players, the Economic Times said on Saturday. The bank's proposal, cleared by the Foreign
      Xinhua  -  120 words
    • Article, Illustration
      Lock icon India to seek support for nuke pact during Abe's visit
      675 16 AFP Economic content of India-Japan ties will also be a key part of the agenda: analyst [NEW DELHI] India will seek Japan's approval for a civilian nuclear pact with the US and greater investment during Japanese Prime Minister Shinzo Abe's
      AFP  -  675 words
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      440 16 AWmt -M V MmW Amazing Graze |y Award yourself at Singapore's most beautiful Sunday Brunch. I Savour al fresco adventures and buffet that goes beyond, I set to a soundtrack of smooth live \azz. Taste the glamour, I the effervescence, and the contemporary vibe. It's very now. It's very fresh...
      440 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Politics behind 'Made-in-China' scare: watchdog
      494 17 Reuters [BEIJING] Politically motivated, unfair, biased and poisoned by jealousy China's quality watchdog chief gave his verdict yesterday on the storm surrounding the quality of Chinese goods, describing it as a "cold wind". Li Changjiang told a carefully choreographed talk show on state television that
      – Reuters; AP  -  494 words
    • Article
      Lock icon Tycoon faces new charges
      163 17 -AP [BEIJING] A Shanghai real estate tycoon who served a three-year prison term after a stock market scandal has been charged with new bribery and tax offences, a state news agency reported on Saturday. Zhou Zhengyi was detained in October amid a probe of government misconduct
      -AP  -  163 words
    • Article
      Lock icon China govt unfazed by paper losses in Blackstone investment
      602 17 Reuters Planned investment agency will continue to invest in private equity, hedge funds [SHENZHEN] The steep paper losses that China has suffered on its US$3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further
      Reuters  -  602 words
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      Lock icon China capital controls on gradual way out
      686 17 Reuters Opening of markets unavoidable, say bankers and officials [SHENZHEN] Even as China thanks capital controls for shielding it from the latest bout of global financial turmoil, bankers and officials say that the gradual opening of China's markets is both unavoidable and desirable.
      ■ Reuters; AP  -  686 words
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      170 17 GLOBAL EDUPRENEUR PROGRAM EARN $10,000 MONTHLY without quitting your job. 100% license fee MONEY BACK GUARANTEE* Special Benefits Discover "SECRETS" to earn $10,000, $20,000, y i^gg&tSl±J^^^:^Blm^M^f^Smm\ $30,000 monthly. XlvT*"'-T «c*i?4l -J 'Jv rZ*a£&3r'j ft*3H PROVEN SURE way to succeed with MONEY BACK GUARANTEE* IS*!^FSfS«K,':'/ $wJ» •We show you "LIVE" how
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      146 17 H T' I fjP vSi happen to me!" |!Y afl In the past 5 months, there have been two raids on I K5 businesses, and it's not only the authorities that have I been vigilant. Singaporeans, united in the fight against I ij^^ software piracy, have made over 120 reports
      146 words
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      1924 18 ADVERTISING FEATURE Shenyang leading the way The city possesses abundant strength to become the financial centre of North-east China N the revitalisation of North-east China, ShenMaJ9 yßt^ m^mmmmß "m_ yang, the region's centre of economy, culture, jZii W!l 2^M i i i it.1! i '"Jill HLJ trade and logistics, has
      1,924 words
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      1920 19 ADVERTISING FEATURE Shenhe I 7~ iTI p^^ U' Smll i l ll Cosmopolitan: A ICTKI mT*m I llm/111In birds eye view of F** H H ll~^-=-^".L li J[IJ"""h"BSS|| ■**l I HUB"' ii in the streets of the THE Shenyang Finance and Trade Develop- i ment Zone in northern Shenhe District
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Thai voters approve draft constitution
      768 20 Bloomberg, AFP, Xinhua Early counts show acceptance of 58% but turnout for referendum was low [BANGKOK] Thai voters have approved a draft constitution promoted by the military junta that ousted former prime minister Thaksin Shinawatra 11 months ago, paving the way for elections to be
      Bloomberg, AFP, Xinhua; REUTERS  -  768 words
    • Article
      Lock icon Why Barclays made board offer to Temasek
      248 20 [LONDON] Barclays bank volunteered to give Singapore's Temasek Holdings a seat on its board to boost its bid for Dutch bank ABN Amro, according to a report in the Observer. Temasek recently took a 2.1 per cent stake in Barclays alongside state-owned China
      248 words
    • Article, Illustration
      Lock icon Plans for US Customs to help screen imports
      486 20 LAT-WP Inspectors may soon use hand-held scanners at borders [WASHINGTON] The Bush administration is planning to call in US Customs and Border Protection officers to help overwhelmed health inspectors protect Americans from tainted imports of foods, toys and other consumer goods, senior
      LAT-WP; REUTERS  -  486 words
    • Article
      Lock icon Apec set to back non-binding climate targets
      401 20 Reuters [SYDNEY] Asia-Pacific leaders meeting in Sydney in September will be asked to support long-term "aspirational" goals to cut greenhouse gases, rather than firm targets, the Sydney Morning Herald newspaper reported. The paper published on its website what it said was the draft
      Reuters  -  401 words
    • Article
      Lock icon Japan PM likely to reshuffle Cabinet after trip
      285 20 AP, Reuters [TOKYO] Japanese Prime Minister Shinzo Abe plans to reshuffle his beleaguered government's Cabinet upon his return from his visit to South-east and South Asia. Speaking to reporters at Tokyo's Haneda Airport before his departure for a three-nation trip, Mr Abe
      AP, Reuters  -  285 words
    • Article, Illustration
      Lock icon Democrats court labour unions
      458 20 AP [CEDAR RAPIDS, lowa] Democratic presidential candidates said that organised labour is an essential part of the American economy whose troubles mirror the deterioration of the middle class way of life. "It was unions that organised workers, that gave them better wages and working conditions and
      AP  -  458 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Green activists descend on Heathrow airport
      552 21 Reuters They plan to draw attention to the impact of aviation on global warming [LONDON] More than a 1,000 climate change activists massed near London's Heathrow airport yesterday and pledged a mix of peaceful protest and civil disobedience to draw attention to the impact
      – Reuters; REUTERS  -  552 words
    • Article
      Lock icon Midwest shakes off AirTran with new bid
      502 21 Reuters TPG/Northwest put in raised USs4som offer, ending saga [NEW YORK] Midwest Air Group Inc, which had been fending off hostile suitor AirTran Holdings Inc, said on Friday it accepted a raised bid of US$45O million from private equity firm TPG Capital and
      – Reuters  -  502 words
    • Article
      Lock icon BAA hires adviser for possible sale of unit
      155 21 Bloomberg [LONDON] BAA Ltd, the world's biggest airport operator, said it hired an adviser for a possible sale of its World Duty Free unit. "No final decision has been taken to sell World Duty Free," BAA spokeswoman Julia Gillen said on Saturday
      – Bloomberg  -  155 words
    • Article
      Lock icon American rejects pilot pay plan, criticises pace of talks
      321 21 Bloomberg [DALLAS] American Airlines, the world's largest carrier, rejected a pilot union proposal for a 31 per cent pay increase and a signing bonus, and criticised the pace of their negotiations. The Allied Pilots Association and AMR Corp's American began talks
      Bloomberg  -  321 words
    • Article
      Lock icon Sharjah's main Gulf cargo port reopens after fire
      277 21 Reuters [DUBAI] The Gulf emirate of Sharjah closed its main cargo port for seven hours on Saturday after a major fire at a lubricants warehouse, but shipping has now resumed, police and port authorities said. No one was hurt but Port Khalid
      ■ Reuters  -  277 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2377 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:
      2,377 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      409 21 CRYPTIC CROSSWORD ACROSS p I I |6 I P I I 4 One who assists with lateral BBJ BB pass football? (8) p H M BB 8 Constant increases produc- i^^ fll fll H I ing very difficult times (6) HJ I'1 9 Poetry about an artist from W^ Italian
      409 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      240 22 tod name lose lange All. ireen 0.47 1.440 +0.020 Ascendasreit 0.94 2.390 -0.040 Cai iComm 0.51 2.280 -0.020 Cai .and 4.52 6.400 -0.200 Cai litaMall 0.91 3.180 -0.100 Chart SemiCond 0.62 1.060 +0.020 Ci'Dev 2.85 13.700 +0.100 ComfortDelGro 1.42 1.860 -0.040 Cosco Con 1.40 3.900 -0.200
      240 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD ■ fl A IHI C W\f\ TATJI I
      98 22 SECURITIES TRADING SCOREBOARD fl A IHI C W\f\ TATJI I Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 15 0 0 0 0 3 15 0 Manufacturing 16 209 43 24 252 14 Commerce 70 24 94 r/C. 39 42 Finance 31 33 Construction 20 12
      98 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      130 22 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 269.669 269.669 1.079.118 1.079.118 Manufacturing 2.285.034 1.257.820 3.542.854 2.097.568 247.049 2.344.617 Commerce 1.314.876 79.036 1.393.912 755.031 19.605 774.636 >r/< 759.979 18.788 778.767 1.915.573 15.200 1.930.773 Finance 368.601 529 369. 130 3.693.219 129 3.693.348 Construction 800.505
      130 words
    • Article
      Lock icon SGX MAINBOARD
      8565 22 Weekended: Aug 17 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 $mil Company 3.5 2 5716 1st Software 22 6 3148 STelecom 34 17.5 5834 A-Sonic 103 98 6389 ABF SG Bond ETF 53
      8,565 words
    • Article
      Lock icon SGX XTRANET
      58 22 Hii Low Code Comi Sale roooi Hii Low Bu* Seller C'vr P/E ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 0730 2495 6235 STI ETF 100 US119xd US5000 US1000 US***** US*****
      58 words
    • Article
      Lock icon SGX SESDAQ
      2237 22 Wk Tel Low Code Last Sale Vol ('ooo] lay Low .ast yer )uote Seller Div C'vr Net P/E Cap >mil Hii Comi >an- Hii Bui 30 13 1181 AAGrp 41.5 18 5000 ABR Hldgs 61 13.8 2319 Adampak 64.5 23 8515 Advanced Hldgs 16.5 1 1501 Advanced System
      2,237 words
    • Article
      Lock icon CLOB INTERNATIONAL
      257 22 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum
      257 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 23 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug 17 World Index Preliminan 1090.7 1.0 -0.9 1.1 0.3 1.3 0.6 EAFE Preliminan 1071.6 0.2 -3.2 0.6 -1.2 0.8 -0.9 Euri Preliminan 1481.0 2.3
      369 words
    • Article
      Lock icon PALM OIL
      66 23 Aug 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Low Vol Open Done Position Sep 07 2400 Oct 07 2367 Nov 07 2350 Dec 07 2348 Total o/p: ***** contracts 2460 2472 2395 2398 2429 2346 2378 2401 2314 2370 2380 2300
      66 words
    • Article
      Lock icon STOCK INDEX FUTURES
      23 23 Aug J 7 STI SIMSCI Aug 383.9 389.9 381.3 Taiwan Aui 314.7 317.5 305.5 Source: MF Global (S) Pte. Ltd
      23 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 23 Aug 17 Bid Offer 1-month 1.5332 1.5344 2-months 1.5298 1.531 3-months 1.5266 1.5279 6-months 1.5179 1.5192 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Aug 17 Currencies Bid Offer Bid Offer S$iUS$ to one unit of foreign currency: Australian dollar 1.1877 1.1891 0.7729 0.7733 Canadian dollar 1.4290 1.4307 0.9299 0.9304 Euro 2.0610 2.0628 1.3412 1.3415 NZ dollar 1.0328 1.0339 0.6721 0.6724 Sterlini ind 3.0319 3.0347 1.9730 1.9731 US dollar 1.5367 1.5377
      154 words
    • Article
      Lock icon SICOM FUTURES
      288 23 Aug 17 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Sep 07 Oct 07 Nov 07 Dec 07 Jan/Mar 08 Apr/Jun 08 320.50 319.00 319.00 318.25 317.75 319.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      288 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 23 As at 9am Aug 17 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2080 1.2220 Can dollar 1.4190 1.4360 Euro 2.0490 2.0730 NZ dollar 1.0490 1.0720 Sterlini 3.0270 3.061 US dollar 1.5270 1.5450 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      164 23 Aug 17 ler Bii Overnight 2 1/4 1 -month 2 7/8 2-months 2 7/8 3-months 2 7/8 Overnight mode: 2 9/16 USS Offer 2 1/8 2 3/4 2 3/4 2 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.40
      164 words
    • Article
      Lock icon INTERBANK CROSS RATES
      467 23 Augn AS CS Rmb Euro HKS Ind Rs Ru| Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.831 5.876 0.576 6.035 32.028 73.251 0.872 7.348 2.717 1.150 46.742 36.224 1.188 5.799 0.934 25.541 26.769 0.392 0.773 Canada 1.203 7.070 0.693
      467 words
    • Article
      Lock icon PRECIOUS METALS
      140 23 Aug 17 GOLD (USS/oz) Aug 17 Aug 16 Hong Kong London 652.00 665.00 653.00 665.50 Aug 14 Aug IS 668.40 668.90 669.20 669.50 Source: Reuters CAST BAR (SS) Aug 17 Buying Sellini Kilobar "34,493.59" ***** PAMP GOLD BARS (SS) Sellinq Buying Igm 5gm lOgm 20gm 50gm 1/00gm 1
      140 words
    • Article
      Lock icon SIBOR
      79 23 Aug 17 (USS) (S$) 5.***** 2.***** 1 mth 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 5.***** 2.***** 9 mths 5.***** 2.***** 12 mths 5.***** 2.***** SWAP Offer rates (S$) 1 mth 3.***** 2 mths 3.***** 3 mths 3.***** 6 mths 2.***** 9 mths 2.***** 12 mths
      79 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Aug 17 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****S 15.11.07 1-Year BY*****V 30.04.08 2.44 2.39 2.33 2.29 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
    • Article
      Lock icon LONDON METALS
      68 23 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2434.20 2407.80 3 months 2495.00 2470.00 Copper, Grade A (USS/tonne) Cash 3 months 7108.00 7010.00 6850.00 6740.00 Lead (USS/tonne) Cash 2937.00 3 months 2890.00 2851.00 2805.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon CHICAGO BOT
      103 23 Aug 17 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 07 811.50 799.25 813.00 800.00 Nov 07 827.75 814.50 830.00 813.00 Jan 08 842.75 830.25 844.00 829.00 Mar 08 852.50 841.25 852.50 841.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 07 35.39 34.50 35.43 34.50
      103 words
    • Article
      Lock icon LIFFE
      82 23 Aug 17 (£/tonne) Close Prev Hii ih/Low Sep 07 927 933 Dec 07 953 960 Mar 08 970 977 May 08 981 988 945/920 971/947 987/965 993/977 COFFEE (USS/tonne) Close Pev High/Low Sep 07 1654 1659 1684/1640 Nov 07 1681 1685 1710/1667 Jan 08 1690 1693 1711/1676 Mar 08
      82 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      79 23 CRUDE OIL PRODUCTS au 9 is CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 69.76 -2.4 WTI (Near Mth) 70.94 -2.31 Dubai (1-Mth F) 66.75 -0.19 Tapis blend 75 -0.65 Minas 72.45 -0.55 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.35 83.30 0.15 -0.45 USS/barrel Opec
      79 words
    • Article
      Lock icon BONDS & WARRANTS
      4926 23 BONDS WARRANTS rel ZodeComi Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths C000) Ratio Price ing Left 3779 ASL Marine Hldgs W*****1 73 -29 127 1631 Ace Dynamics W*****7 27 -2.5 72 1674 Allgreen RB ECW*****0 1 -1.5 1470 >835 Allgreen RBeCW*****6 1.5 -2 874 ArianeCorp Ltd W*****9
      4,926 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      2592 24 m The Business Times Wmmu Shipping Times UK CONTINENT SERVICE U.S.A SERVICE ffitfjff^ Destination Destination HjH DURUMATA RTM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL IiNTERASIA RORO SERVICE VESSEI/VOY I RAMP(KI) HEIGHT(M) PKG K(H L(B SIN JKT Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia STRAITS SUCCESS 24 10 32 14/08 MIDDLE-EAST SERVICE
      2,592 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      4298 25 %-^\,.,»u u». ..urr w!?ZXs^™ m nf^T EASTERN CAR LINER, LTD fS" £3®39g^ V\\MN\A/AM lIAI INFV Customer Service/Bookings Dircrt Line-(1800) *****200 I fc, 1 —i ■c^CsV/M' "iVWWMII I IMI Llll PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL: (04) *****00 FAX: (04)*****99 \L___~____ SPECIALIZE IN RORO HEAVY LIFT UPTO 450
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      Lock icon Page 26 Advertisements Column 1
      3334 26 W2M H 19 H SI H I R9 Nordana (Asia) Pte Ltd SSS Ifa Gl0"Y NAVIGATION GROUpI mXImWSM E3| MM |gjggggj 70 Shenton Way, #21 -03 Marina House Singapore *****8 ®>&J&rW.MkWfif&.'&al NORTH WEST EXPRESS LINE owns operates the youngest fleet ■■■■■■■■■IppHpHp^pHHHilpHHHppl^^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [iaTES a«
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      Lock icon Page 27 Advertisements Column 1
      3734 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
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  • BizIT
    • Article
      Lock icon Drop in Q2 semicon equipment bookings
      576 28 Only China and Taiwan registered quarterly sequential growth, reports ROLAND LIM Worldwide semiconductor equipment bookings for the second quarter of this year fell 18 per cent compared to the same period last year, latest data from industry group SEMI reveal. The semicon equipment manufacturer
      576 words
    • Article
      Lock icon Edits of Wikipedia entries traced to political, govt bodies
      340 28 ■AFP [SAN FRANCISCO] A US hacker's homemade program to pinpoint origins of Wikipedia edits indicates that alterations to the popular online encyclopedia have come from organisations including the CIA and political parties. Virgil Griffith's "Wikiscanner" points to Central Intelligence Agency computers
      ■AFP  -  340 words
    • <what's new>
      • Article, Illustration
        Lock icon iMac goes metal with aluminium casing
        110 28 apple last week showed off its latest aluminium-encased iMac which comes either with a 20-inch or 24-inch widescreen display. Priced from $2,048 for the 20-inch model, the new iMacs sport a new generation of graphics processors, as well as its new 0.33 inch thin
        110 words
      • Article, Illustration
        Lock icon Samsung U700-world's thinnest HSDPA phone avaiabe
        69 28 SAMSUNG'S Ultra Edition 12.1, also known as the SGH-U7OO, is now available in local stores at $698 without a phone contract but bundled with a IGB microSD card. The phone comes with a 3.2 megapixel camera, and its new owners can also say they
        69 words
      • Article, Illustration
        Lock icon New Cyber-shot phone from Sony Ericsson
        123 28 rllvI tc r v v FANS ol Sony Ericsson s Cyber-shot r r j- j ii. T277nphones can look forward to the K77oi, a r i_- i. j- oo slim 14.5 mm package which features a 3.2 megapixel camera. However, they may be disappointed
        123 words
      • Article, Illustration
        Lock icon Looking fashionable with Nokia Prism
        86 28 TAKING a new angle on fashion phones is Nokia's latest series of Prism phones, the 7500 Prism and the 7900 Prism. Both come in a glossy black finish, sport diamond-shaped keys, and have a 2-megapixel camera. Beneath the surface, the 7900 Prism goes one up
        86 words
      • Article, Illustration
        Lock icon Run Windows, Linux software on your Mac
        64 28 AFTER half a year of beta testing, virtualisation software expert VMWare has released VMWare Fusion, a virtualisation application that allows Macs to run a whole host of operating systems within Mac OS X, including various Linux distributions, as well as Microsoft Windows XP
        64 words
    • Article, Illustration
      Lock icon SingTel extends high-speed Internet trials
      633 29 But it will hold off rolling out commercial access till the necessary infrastructure is in place, reports WINSTON CHAI SINGTEL has decided to extend its two high-speed Internet trials in Singapore by another six months, in a clear sign that the company is still in
      633 words
    • Article
      Lock icon Avaya sets up lab with ITE College West
      287 29  -  AMIT ROY CHOUDHURY BUSINESS communications solution provider Avaya has teamed up with a business partner and ITE College West to establish a contact centre lab in the college's Clementi campus. The 38-seat lab will offer practical training to 450 students reading the
      287 words
    • Article
      Lock icon Sun Micro says IBM will distribute Solaris software
      271 29 Bloomberg [SAN FRANCISCO] Sun Microsystems Inc said International Business Machines Corp (IBM) agreed to become the first major computer maker to distribute its Solaris software. The companies didn't disclose the financial terms of the deal. Santa Clara, Cal-ifornia-based Sun has sold about
      ■ Bloomberg  -  271 words
    • Article, Illustration
      Lock icon Managing higher IT budgets the top challenge for CIOs: IDC study
      867 30 Staff spending here is expected to drop this year as outsourcing grows, says AMIT ROY CHOUDHURY With Asian economies growing at a very fast pace, managing increased IT investments has become the foremost challenge for CIOs (chief information officers)
      867 words
    • <what's up>
      • Article
        Lock icon Round-the-clock programming contest
        108 30 PARTICIPANTS in an upcoming IT competition could face sleep deprivation as they will be challenged to develop the best Web applications within a short 24-hour deadline. The ITSC (Information Technology Standards Committee) will be staging Singapore's first round-the-clock programming contest on Sep 22. Aimed at students and
        108 words
      • Article, Illustration
        Lock icon New VP at Sterling Commerce
        71 30 E-COMMERCE solutions provider Sterling Commerce has appointed Fulvio Lana (above) as the vice president of sales and marketing for the Asia-Pacific region. He is based in Singapore, but he oversees the company's sales and marketing activities across North and South Asia, as well as Australia
        71 words
      • Article
        Lock icon Fuji Xerox goes green at printer showcase
        104 30 FUJI Xerox will be holding DocuWorld' 07, an annual showcase of its latest printing products and technologies, on Aug 22 and 23 at the Grand Hyatt Hotel. Unlike previous years, the upcoming event is anchored on an environmental theme. The company will showcase
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        Lock icon Epicor appoints new marketing manager
        57 30 BUSINESS software maker Epicor has named Christina Tay as its new marketing manager for Asia. In her new position, she will lead the firm's corporate communications and marketing teams in the region. Before joining Epicor, Ms Tay was in charge of developing marketing programmes for
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