The Business Times, 31 August 2007

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES online at http://business-times.asial .com.sg mm A sir SINGAPORE 85 cents NGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Friday, August 31,200>
    23 words
  • 749 1  -  ARTHUR SIM Almost $2b spent on buying condos this year By [SINGAPORE] Institutional investors and foreign individuals have been bulk-buy-ing 10 to 50 condominium units at a time here, with such deals expected to have hit almost $2 billion so far this year. CB
    CBRE Research; Artwork: Jennifer Chua  -  749 words
  • 400 1  -  OH BOON PING By [SINGAPORE] Plans are afoot to shake up the Civil Aviation Authority of Singapore (CAAS) its existing airport operator functions will be corporatised and separated from its regulatory arm. Yesterday, Transport Minister Raymond Lim said that the
    400 words
  • MARKETS DIGEST
    • 47 1 Thursday Change 1,273.93 +10.23 KLCOMP NIKKEI 225 16,153.82 +140.99 HANG SENG 23,484.54 +463.94 SET INDEX 791.58 -0.46 JAKARTA COMP 2,150.72 +15.83 MANILA COMP 3,320.34 +110.81 SEOUL COMP 1,841.70 +15.51 SHENZHEN B 737.81 +20.56 MUMBAI IND 15,121.74 +128.70 11.30AM EDT Change 13,291.32 +2.03 DOW NASDAQ 2,582.90 +19.74
      47 words
    • 29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.***** TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.23 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 39 1 IS$ (S$ per US$) 1.524 (US$/S$ ier£) 2.011 3.065 ;URO(US$/S$/E) 1.364 2.079 'EN 115.70 75.90 3.508 2.302 IK$ 7.802 5.119 !AHT 34.33 22.52 lUPIAH 9,415 6,177 lENMINBI 7.551 4.954 INDIAN RUPEE 41.05 26.93 1.224 0.803 IZ$ 1.422 0.933
      39 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous

  • TOP STORIES
    • 503 2  -  KALPANA RASHIWALA CapitaLand, partners sell Raffles Place building for $730m or $2,780 psf [SIINbAFUKhj LapitaLand and its partners have sold their stakes in Chevron House (formerly known as Caltex House) at Raffles Place in a deal that values the leasehold office
      503 words
    • 434 2  -  S JAYASANKARAN Hicom will buy the 20% interest from Jardine Matheson 3y n Kuala Lumpur MALAYSIAN automotive md infrastructure services conglomerate DRB-Hicom las offered to take its 19 per cent-owned associite company Edaran Otonobil Nasional (EON) pri- vate, in a deal worth more than
      434 words
    • 669 2  -  VEN SREENIVASAN COMMENTARY Corporatisation will free up its operating arms to take on rivals on level playing field By TO say that the Ministry of Transport's move to corporatise the airport operations of the Civil Aviation Authority of Singapore (CAAS) is timely
      669 words
    • THREE-MINUTE DIGEST
      • 70 2 CHINA replaced five Cabinet ministers, including the finance minister and the head of the secret police, the government said yesterday, just weeks ahead of a major Communist Party meeting that will set the country's policies for the next five years. Jin Renqing, finance minister
        70 words
      • 66 2 CITYSPRING Infrastructure Management Pte Ltd, a unit of Singapore's Temasek Holdings, plans to sell A$866 million (S$1.08 billion) of bonds to pay for its purchase of the Basslink power cable in Australia, Standard Poor's said yesterday. The debt, to be issued by Premier
        66 words
      • 36 2 OFFSHORE marine services contractor Swiber Holdings has acquired four vessels for a total price tag of US$70.6 million, adding to its expanding support and construction fleet. COMPANY NEWS, PAGE 9
        36 words
      • 89 2 SHARES of Labroy Marine took a hard knock yesterday on rumours that its chief operating officer seen by some observers as the lynchpin in its rig-building division has left the company. This prompted the rig and ship builder to issue a statement last
        89 words
      • 57 2 SOILBUILD Group Holdings has bought the freehold Margate Mansion off Meyer Road for $58 million through a collective sale. The deal reflects a unit land price of $882 psf per plot ratio including an estimated $6.5 million development charge based on July 18,
        57 words
      • 50 2 THE Bank of Japan may again delay raising interest rates if the US Federal Reserve decides to cut its lending rate first in September, a senior member of the BOJ's Policy Board hinted yesterday. ECONOMY WATCH, PAGE 14
        50 words
      • 72 2 AS MANY as nine new sugar factories will be operating in Indonesia by 2009, to meet the country's growing demand, according to Indonesian media. To be integrated with newly established sugar-cane plantations, the new refineries are expected to boost the
        72 words
      • 81 2 CHINA plans to allow foreign banks to distribute products for domestic fund houses, opening up a new revenue source for overseas lenders in the fast-growing economy, sources close to the situation said yesterday. The China Banking Regulatory Commission has agreed in principle
        81 words
    • 392 4 AP, Reuters 4 others, including head of secret police, also replaced [BEIJING] China has replaced five Cabinet ministers, including the finance minister and the head of the secret police, the government said yesterday, just weeks ahead of a major Communist Party meeting that will
      AP, Reuters; AFP FILE PHOTO  -  392 words
    • 1007 4  -  MICHELLE QUAH NEWS ANALYSIS 3y SINGAPORE] The long-running saga that has gripped the Singapore property market has reached i turning point; the majority sellers in the Horizon Powers debacle now have just over a week to respond to lawsuits filed against them. Sued
      1,007 words
  • Page 2 Advertisements
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  • Page 4 Advertisements
    • 1127 4 Expect great surprises at silou, rn,!;\ s ,-PigigiMLMMM.fcM.MMBMM 'PP x 25,000 sq. ft. flagship IN the matter OF TT%»v^ I /showroom at 601 Sims Drive.) the companies Aa, cap. so in the matter LOST SHARE CERTIFICATES in the matter OF the I M^m V Pan-I Complex (formerly in THE MATTER
      1,127 words

  • Page 5 Advertisements
    • 206 5 -S^'hSn^ Will x'"'i JJirFj^^ imi i i'li I* i Picture taken on 7*h floor of ICON I=l m M POUTRAMRARK NEW BRIDGE RD Open House this Saturday Sunday, 1& 2 September, 10am-7pm iu B Come on down to view ICON'S very own private resort with pool dining pavilions on the
      206 words

  • COMPANY NEWS
    • 439 6 Bloomberg Proceeds from debt will be used to pay for purchase of Aussie power cable CITYSPRING Infrastructure Management Pte, a unit of Singapore's Temasek Holdings, plans to sell AsB66 million (Ssl.oB billion) of bonds to pay for its purchase of the Basslink power
      – Bloomberg  -  439 words
    • 337 6  -  TEH HOOI LING By APEX-PAL International, which runs the Sakae Sushi outlets, opened another Sakae Teppanyaki at Plaza Singapura yesterday. This is the fourth outlet that the Sesdaq-listed company is adding to its latest food chain. This comes eight months after it
      337 words
    • 802 6  -  LYNETTE KHOO A LOOK at companies that have undertaken share consolidation indicates that many have not succeeded in improving their stock performance upon consolidation, and hence may not have fulfilled the very reason for undertaking such exercises. Among them, Liang Huat saw
      802 words
    • 300 6  -  AMIT ROY CHOUDHURY By THE president and chief executive officer of Pacific Internet (PacNet) yesterday resigned from his post at the regional telecommunications service provider. Accepting the resignation of Phey Teck Moh, who is also resigning as a company director, the PacNet board has appointed Bill Barney
      300 words
    • 366 6  -  CHEN HUIFEN By RECENTLY listed RH Energy yesterday announced that it has clinched a US$7.7 million deal to provide a directional flow control valve system to Sinopec Group. RH Energy, which provides equipment integration services to the oil and gas sectors, will
      366 words
    • 175 9 Bloomberg [NEW YORK] Creative Technology Ltd, the Singapore-based maker of Zen digital music players, sued Microsoft Corp spin-off ZenZui Inc for trademark infringement. Creative Technology claims ZenZui's name and that of its mobile phone software is too similar to Creative's Zen player, ZenZui
      Bloomberg  -  175 words
    • 311 9  -  CHEN HUIFEN By OFFSHORE marine services contractor Swiber Holdings has acquired four vessels for a total price tag of US$7O.6 million, adding to its expanding support and construction fleet. Three of the vessels are accommodation barges, and one a submersible type. Two of the
      311 words
    • 194 9  -  CHEN HUIFEN By LUXURY resort operator Banyan Tree Holdings has signed a new management contract in Turkey. The win marks Banyan Tree's first foray into Turkey, where the group will manage a boutique resort and residential development located in the northern coast of the Bodrum
      194 words
    • 646 9  -  TEH HOOI LING But Yangzijiang Shipbuilding chief sees demand for ships staying strong By" AS shipyards in China aggressively build their capabilities, capacity will eventually exceed demand, says Yangzijiang Shipbuilding's executive chairman Ren Yuanlin. "There will be overcapacity, but the question is when," he says. Previous
      BLOOMBERG  -  646 words
    • 598 12  -  CHOW PENN NEE Its shares fell as much as 11% before ending the day 9% down at $2.02 By SHARES of Labroy Marine took a hard knock yesterday on rumours that its chief operating officer (COO) seen by some observers as the lynchpin in
      598 words
    • 314 12  -  CHEN HUIFEN By OCULUS says it is in preliminary talks to acquire an environmental resources development firm. The contact lens maker is also eyeing a transfer of its Sesdaq listing to a new sponsor-surpervised board that the Singapore Exchange has proposed as part of
      314 words
    • 223 12  -  CHEN HUIFEN By WATER and wastewater treatment firm Epure International has won a 19.4 million yuan (553.92 million) contract in China. The deal, clinched by its subsidiary Beijing Sound Environmental Engineering Co, is to be signed within a few weeks, Epure said. Epure will
      223 words
  • Page 6 Advertisements
    • 1162 6 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Guocoland Limited *****47 LimPaiTak 300 *****90/94 Tan Soo Koon Philomena 5,000 Neptune Orient Lines Limited *****467/72 Ambrose Eric Rajappah Raymond 6,000 *****07 -do- 740 NOTICE
      1,162 words

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  • Page 9 Advertisements
    • 241 9 An exciTinq neuu liTesrule dauuns ar Solei. U U HgKvk Vw\ I I fa i fc^^^^^^^^^^^ Artistsinipffissio'i I J J e i| Ar The fringe oP Orchard Road, inspired architecture I by Frasers Centrepoinr Homes. o ACS Novena Modern living in prime district 11 literally rises to lofty new heights
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  • Page 11 Advertisements
    • 141 11 J SHlFT_performance [NISSAN I J Showrooms: Authorised Dealers: AutoMega Trading Pte Ltd 300 TampinesAve 5, #01-01, NTUC Income Tampines \^J^ Tan Chong Motor Sales Pte Ltd Qukjt Tjmah Qll Bukit Timah Rd Te 6466 7711 Junction. Tel: 6787 2882 Hong Heng Co Pte Ltd 33 Sembawang Road, #01 -01 /02.
      141 words

  • Page 12 Advertisements
    • 105 12 ow f ;n Pure Yoga Raffles Place And we're kicking things off with a bunch of special workshops at both our studios. Two locations. Double the choice. Twice as nice. 15 September 3.00pm 5.00pm Ngee Ann City Power Workshop (All levels) 16 September 3.00pm 5.00pm Ngee Ann City Intermediate Hatha
      105 words

  • SINGAPORE NEWS
    • 428 13  -  KALPANA RASHIWALA Separately, URA launches tender for Sin Ming light industrial site By SOILBUILD Group Holdings has bought the freehold Margate Mansion off Meyer Road for $58 million through a collective sale. The deal reflects a unit land price of $882 psf per
      428 words
    • 199 13  -  ARTHUR LEE By MORE than 20 Enterprise Banking staff of OCBC took to the catwalk last night to display their rather less stuffy side at the bank's Enterprise Banking fashion show. Joining them was chief executive David Conner, accompanied by the global head of
      ARTHUR LEE  -  199 words
    • 256 13 SINGAPORE leaders have sent congratulatory letters to their Malaysian counterparts, who celebrate their country's 50th year of independence today. President S R Nathan sent congratulations to Malaysia's king, the Yang di-Pertuan Agong, and his family, wishing them good health, happiness and success in
      256 words
    • 212 13 ST Engineering CEO and president Tan Pheng Hock will take over as chairman of the board of the Workforce Development Agency (WDA) tomorrow. He succeeds Yong Ying-I, who finishes her term today. "As a successful CEO with a strong passion for skills upgrading
      212 words
    • SINGAPORE ROUNDUP
      • 60 13 THE Singapore Land Authority (SLA) has given licensing rights to map software company MapKing (Singapore) Pte Ltd to put SLA base maps on personal navigation and pocket PCs. This is the first time SLA maps have been made available on mobile and navigation
        60 words
      • 42 13 AYSHA Saifuddin of Pakistan was announced as leading social entrepreneur by logistics company DHL in the inaugural DHL Young Entrepreneurs for Sustainability (YES) Awards. She won for her work in championing gender equality and empowerment in Pakistan.
        42 words
      • 70 13 THE IP Academy presented new members yesterday at its reception to celebrate its fifth year. Ho Cheng Huat will be taking over as director from David Llewelyn, who assumes the new position as the academy's external director. Rose Ramli is appointed deputy director. The changes
        70 words
    • 191 13 SINGAPORE yesterday signed a cooperation agreement with Turkey to pave the way for the two countries to work more closely in the areas of culture, science, education, media, and sports. The agreement was signed by Tan Chin Nam, permanent secretary of the Ministry of
      191 words
    • 445 13  -  NISHA RAMCHANDANI By DRINKERS in the Asia-Pa-cific region contributed significantly to Diageo's performance, according to preliminary results for FY2007 released yesterday, with net sales in the Asia-Pacific up by 10 per cent and volume up by 12 per cent. But the
      445 words
  • Page 13 Advertisements
    • 150 13 CEVA is a new name in contract logistics company. Today, our making supply chains transparent and logistics. Never- theless, we already independent status ensures even by promoting flexibility. As the leader have an impressive track record. As greater effectiveness and efficiency of the pack we have the scale to be
      150 words

  • ECONOMY WATCH
    • 528 14  -  ANTHONY ROWLEY Remarks seen as bid to calm fears over a faster unwinding of carry trades 3y n Tokyo rHE Bank of Japan may again delay raising interest rates if the US Federal Reserve decides to cut its
      528 words
    • 557 14 Bloomberg [WASHINGTON] US Federal Reserve chairman Ben Bernanke said relaxing portfolio limits on Fannie Mae and Freddie Mac is not necessary for the two largest US mortgage finance companies to help stem a surge in foreclosures. Federal caps on the companies' combined US$l.4
      ■ Bloomberg; AP FILE PHOTO  -  557 words
    • 195 14 hua -Xin- [MANILA] The Philippine economy expanded 7.5 per cent in the second quarter of the year, the fastest pace of growth in two decades, the government said yesterday. At a press conference held in the Malacanang Presidential Palace, National Economic and
      hua; -Xin  -  195 words
    • 329 14 Bloomberg Further easing rests on fundamentals, pre-conditions: Zeti [KUALA LUMPUR] Malaysia will consider "fundamentals" rather than situations like the current volatility in financial markets in deciding on further easing of foreign-exchange rules, the central bank said. "We don't look at events to determine
      Bloomberg  -  329 words
    • 446 14 Reuters [WASHINGTON] The last chance for a world trade deal could slip away in the next few months unless India, Brazil and other advanced developing countries offer meaningful commitments to open their market to more foreign goods, US private sector
      – Reuters  -  446 words
    • 324 14 Reuters Government has been trying to cool an economy that surged 11.9% in Q2 [BEIJING] China should not back off from its tightening stance because of mounting risks that the economy will overheat, the statistics agency said in a report published yesterday. Beijing has
      ■ Reuters  -  324 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 505 15  -  LAUREL TEO Integrated with new plantations, they will boost output by 43% to 3.3m tonnes 3y n Jakarta \S MANY as nine new sugir factories will be operatng in Indonesia by 2009, to neet the country's growing iemand, according to
      505 words
    • 390 15 Reuters Export tax on palm oil to be pegged to global prices [JAKARTA] Indonesia plans to scrap a 10 per cent value-added tax on crude palm oil sold to cooking oil processors and peg a tax on palm oil exports to
      – Reuters; BLOOMBERG  -  390 words
    • 273 15 Bloomberg [JAKARTA] PT Indofood Sukses Makmur, the world's biggest noodle maker, said first-half profit rose 37 per cent, as higher sales of its Indomie and Supermi noodles and lower interest costs helped counter rising raw material prices. Net income at the company
      Bloomberg  -  273 words
    • 186 15 Reuters [JAKARTA] Outstanding loans in Indonesia's banking sector are expected to grow 20 to 22 per cent in 2007, higher than last year's growth of 14.6 per cent, the central bank governor told reporters on Wednesday. Bank Indonesia previously forecast loans would grow 18
      – Reuters  -  186 words
  • Page 15 Advertisements
    • 148 15 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
      148 words
    • 511 15 silver Shadow \\,ALT I T U D F. I Mtm R x f www.cathaypacific.com jfl ll^^^^^^^^^Mn^^Fl^^V^^^^^^^Hl^^^H^^^^^^K~^^^^^B jfl I Pronunciation: ri-'spekt Function: noun The Marco Polo Club Because loyalty and respect go hand-in-hand Take to the skies with The Marco Polo Club and get Priority boarding and waitlisting the respect you
      511 words

  • GREATER CHINA/INDIA
    • 215 16 AFP [BEIJING] China's parliament yesterday passed a new an-ti-monopoly law widely expected to make it harder for foreign firms to buy up Chinese companies, a government spokesman said. "After having been reviewed three times, the anti-monopoly law is expected to be passed today," Ministry
      AFP  -  215 words
    • 479 16 Reuters Move opens up new revenue source for overseas lenders in soaring economy [SHANGHAI] China plans to allow foreign banks to distribute products for domestic fund houses, opening up a new revenue source for overseas lenders in the fast-growing economy, sources close
      Reuters  -  479 words
    • 543 16 [MUMBAI] Private equity's appetite for India's fast-growing economy has not been spoiled by the global credit crunch and investment is expected to stay on track to rise by a third to US$lO billion this year, with fewer but larger deals. Blackstone
      f\V  -  543 words
    • 208 16 ters -Reu- [TAIPEI] Taiwan's top electronics parts maker, Hon Hai Precision Industry Co, said yesterday it plans to boost its investment in Vietnam to US$5 billion and hire more than 300,000 workers for its factories near Hanoi, as it ramps up expansion
      ters; -Reu  -  208 words
    • 2408 16 VOL C000) mg30 RM \&M Realty 0.78 \bricBhd 0.28 \dvance Synergy 0.34 Vjventa Bhd 1.47 \eMulti Hldgs 0.29 \ffin Holdings 2.54 \hmad Zaki Resou 4.12 SjcCorp 0.53 \irasia Bhd 1.89 \kn Messaging Te 0.20 \kn Technology 0.84 \luminium Co 1.30 \malgamated Ind 0.56 \minvestment Grp 3.60 Vnmb Hldgs
      2,408 words
  • Page 16 Advertisements
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      87 words

  • WORLD
    • 521 17 Bloomb- erg E-mail suggests it's secured rights to sell Beatles content, will debut new iPods [NEW YORK] Apple Inc rose 5.7 per cent on speculation the company will debut new versions of the iPod media player, and that its iTunes store may
      – Bloomb; erg  -  521 words
    • 7632 17 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.048/ Star Europe Bond 1.197/ Star Europe Bal 1.232/ Star Asian Tiger Eqty 1.574/ Star Asia Bond 1.292/ Star Asia Balanced 1.104/ Star Global Technology Fund!" 0.236/ Multi St Fd 0.977/ Star Asia Bond(USD) 0.845/ Gib Multi St USD
      7,632 words
    • 477 19 -AP Home loan defaults increase risks to the economy, but a recession is unlikely [KUALA LUMPUR] The United States could face a prolonged economic downturn due to its sub-prime mortgage woes, but is unlikely to plunge into a recession, Nobel economics laureate Joseph Stiglitz said
      -AP; REUTERS  -  477 words
    • 279 19 Bloomberg [SAN FRANCISCO] Apple Inc was sued by a Florida man who accuses the computer company of illegally limiting consumer choice by linking its iPod music player with its iTunes music store. The antitrust complaint, filed on Aug 24 in Broward County Circuit
      Bloomberg; AP  -  279 words
    • 194 19 Bloomberg [TOKYO] Wynn Resorts Ltd and Aruze Corp will promote the potential of casinos in Japan at a Sept 11 seminar, as the companies seek to open the gambling market of the world's second-biggest economy. Ronald Kramer, president of the casino company founded
      – Bloomberg  -  194 words
    • 771 19 Asian hedge funds 1 simplicity may be its saving grace Reuters [SINGAPORE/HONG KONG] The Asia-Pacific's hedge fund industry, long seen as less sophisticated than its US and European peers, is about to find out that its focus on equities rather than complicated debt instruments may be its saving grace. Even
      – Reuters  -  771 words
    • 429 19 Reuters Car maker's stock reverses declines on buyback news [FRANKFURT] Flush with cash after selling Chrysler, DaimlerChrysler will spend up to 7.5 billion euros (5515.6 billion) to buy back nearly 10 per cent of its shares over the next year, the car
      – Reuters  -  429 words
    • 423 19 Reuters [WASHINGTON] Robust business investment helped push US second-quarter growth ahead at an upwardly revised 4 per cent annual rate, the government reported yesterday, the fastest pace since early last year but one that is unlikely to be sustained.
      – Reuters  -  423 words
    • 279 19 Att [PARIS] The chief executive of French bank BNP Paribas rejected yesterday that his company was to blame for financial market turbulence that has swept the globe this month. "Stop making BNP Paribas the trigger of August's events," Baudouin Prot
      ■ Att  -  279 words
  • Page 17 Advertisements
    • 90 17 Allianz Global Investors one of the world's largest asset managers with more Allianz (jjj) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors *-> company regn. no *****7169Z ft INVEST FOR REAL RETURNS hj^^^S r'%s<t|ij jj& The true objective for any long-term investor is maximum total
      90 words

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  • AVIATION
    • 388 20  -  CONRAD RAJ The V2500 engines will power Airbus A320 planes ordered recently By i TIGER Airways, the budget arm of national carrier Singapore Airlines, has placed an order for 50 sets of two V2500 engines to power the new Airbus A3 20
      388 words
    • 169 20 Bloomberg [WASHINGTON] Boeing Co, the world's second-largest maker of commercial airplanes, will provide an update on its new 787 Dreamliner on Sept 5. Scott Carson, Boeing's chief executive officer of commercial airplanes, and Mike Bair, general manager of the 787 programme,
      ■ Bloomberg  -  169 words
    • 2320 20 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
      2,320 words
    • 576 20 Reuters [PARIS] The new head of European jetmaker Airbus said in remarks published yesterday that he plans management changes and acknowledged that a global market duopoly shared with rival Boeing faces growing new threats. Thomas Enders also said in a newspaper interview that Airbus
      Reuters  -  576 words
    • 641 20 NYT [WASHINGTON] A new federal policy that subjects travellers who wear any type of head covering to possible additional screening at airport checkpoints has prompted vociferous protests from Sikh organisations, who say they are being singled out for ethnic profiling.
      NYT; AFP  -  641 words
    • 255 20 Reuters [LONDON] British aircraft maintenance company BBA Aviation Pic has posted a 71 per cent rise in first-half pre-tax profit and says it expects good underlying progress for the year. BBA's pre-tax profit of £61.2 million (*****.4 million) in the six months
      Reuters  -  255 words
    • 357 20 -AP [SHANGHAI] Chinese carrier China Eastern Airlines Corp reported late on Wednesday that it trimmed its first half net loss by three-quarters from a year earlier, as exchange rate gains helped outweigh rising jet fuel costs. The Shanghai-based airline's net loss for January-June was
      -AP  -  357 words

  • SHIPPING
    • 451 21 Reuters New container port in southern province aims to boost transhipment traffic [HANOI] Vietnam's top forwarder Gemadept Corp will start building a US$4lO million deep-water container port next year to handle more transhipments in a fast-growing economy that joined the World Trade Organization
      Reuters  -  451 words
    • 762 21  -  SELVA KUMAR ADMIRALTY CASEBOOK B) A MiMjArunn nigh Court judge has upheld a decision by the assistant registrar to set aside the arrest of a vessel because the two banks that had applied for the arrest warrant had failed to disclose material
      762 words
    • 319 21 Bloomb- erg [LONDON] Groupe Eurotunnel SA, the owner of the undersea rail tunnel linking Britain and France, said its first half loss narrowed after the company reduced spending and financed less debt. The net loss was 32 million euros (5566.4
      Bloomb-; erg; REUTERS  -  319 words
    • 373 21 Bloomberg [COPENHAGEN] AP Moel-ler-Maersk A/S, the world's biggest shipping company, had its rating raised to "accumulate" from "reduce" at Jyske Bank after releasing first-half earnings that beat analysts forecasts. "We believe the risk surrounding the shares has diminished after the report, especially because
      Bloomberg  -  373 words
    • TRANSPORT STOCKS
      • 96 21 '000 Ch Offshore Chuan Hup Hldgs Cosco Corp Cwt Limited Ezra Hldgs Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp Labroy Marine Mtq Corp Nol Ltd Pacific Shipping Pan-United Corp Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.45 0.32 2.33 0.60 4.12 0.08 ....unch 1.48 0.33
        96 words
      • 34 21 '000 Int'G Logistics Misc Bernad Misc Foreign Msia Bulk Carrie NcbHIdgs Bhd NeplineBhd Pdz Holdings 2.02 8.85 8.85 2.55 2.50 0.27 unch 0.02 0.10 0.05 unch 0.01 -0.01 unch 8: 59! 70' 2(
        34 words
      • 10 21 '00 ■recious Ship Jegional Cont .50.50 .20.90 0.50 -0.20
        10 words
      • 11 21 '000 Doil iingamas Cont .48.45 ...3.54 0.35 -0.03 11! 130!
        11 words
      • 22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 20.75 0.94 1.30 unch 0.50 unch unch 31< 34' 151 1(
        22 words
      • 14 21 Evergreen Marine ...18.90 :irst Steamship 33.30 Wan Hai Lines 2unch 0.20 0.15 0.20
        14 words
      • 39 21 '000 Cawasaki Hvy Ind ..447.00 (awasaki Kisen 931.00 Mitsubishi Hvy 541.00 Mitsui Eng&Sbldg...387.00 vlitsuiOsk Lines ...1174.00 Mippon Express 651.00 Mippon Yusen 87unch source: Reuters -1.00 1124' -3.00 107! 15.00 2151! 6.00 4181 6.00 161: 1.00 108! 3.00 111'
        39 words
  • Page 21 Advertisements
    • 214 21 m GETAX OCEAN TRADES PTE LTD We are a dry bulk shipping company/operator seeking highly motivated, independent and experienced candidates for the following positions to handle our own as well as time-chartered in tonnages trading worldwide. The ideal candidate should possess the following qualification/ attributes: Minimum Diploma in Maritime Studies
      214 words
    • 29 21 »T|Nfii\ m m\i. A^g^fl MM j^k r la to SOI K^S^B rAI V K MiAiAiH|l||l|j£i^JLfi3Si||S^A ORGANISED BY SUPPORTERS SPONSORS STEAC '> Ifa© JL S wavelink swf s«kf re M PS
      29 words

  • EDITORIAL & OPINION
    • 488 22 THERE'S anticipation and worry over how it will be done, says one employer group in reaction to news that a new law will be in place come 2012 that would require employers to offer workers a chance to continue working beyond their retirement age. Employers'
      488 words
    • 956 22  -  JONATHAN TIRONE Bloomberg The Austrian town of Gussing is the first in the EU to cut carbon emissions by over 90% By FUK decades, the Austrian town of Gussing was a forgotten outpost, 16 kilometres from the rusting barbed-wire border of the Iron
      – Bloomberg; BLOOMBERG  -  956 words
    • 786 22  -  i LEON HADAR THE BOTTOM LINE IN early 2001, as President George W Bush and his aides were putting together their foreign policy team and drawing the outlines of a global strategy, an Israeli diplomat was dispatched to Washington to meet with
      786 words
    • 809 23  -  THANG D NGUYEN Recent events, including the CSR law and closing of a graft unit, threaten to turn FDI into Foreigners Ditching Indonesia By SOMETIMES, when things appear to be better, they are actually worse. Recent events in Indonesia show that this is the case
      AFP  -  809 words
    • 857 23  -  WILLIAM PESEK JR GLOBAL investors are getting antsy as the long-awaited yen-car-ry-trade blowup draws nearer. "Mrs Watanabe" can't be happy, either. She is the metaphorical Japanese housewife and the new queen of global currency markets. Sounds ?ar-fetched? Analysts in Tokyo have been suzzing for months
      857 words
    • 521 23 WE refer to the letter from Law Kim Hwee, "Make stock buy-in process transparent to investors" (BT, Aug 28). The buy-in process by The Central Depository (CDP) is transparent and efficient. The objective of the buy-in market is to fulfil outstanding trade
      521 words
    • 142 23 WE refer to your Reuters report, "Bin Lad-en-linked group buying land to build cities" (BT, Aug 30). We would like to clarify the following points: (1) The group is not "buying" land to build cities as mentioned in the report but
      142 words
    • 301 23 I REFER to the call by hospitals and members of the public for more insurers to offer letters of guarantee to those with medical insurance when they need to be hospitalised. I understand that insurance companies are reluctant to give letters of guarantee
      301 words


  • SINGAPORE STOCKS
    • 8435 24 Transaction date: Aug 30 High >-wks Tel Low Code Last Sale Vol ('000) High lay Last Quote Div Low Buyer Seller C'vr Net P/E I Cap $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
      8,435 words
    • 72 24 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E Sinil Comi >an' Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
      72 words
    • 2087 24 Wk Tel Low Code Last Sale Vol Cooo] lay Low .ast yer Juote Seller Div C'vr Net P/E Cap ,mil Hii Comi >an' Hii Bui 30 13 1181 AAGrp 41.5 18 5000 ABRHIdgs 61 14.1 2319 Adampak 16.5 1 1501 Advanced System 70.5 9 1524 Alantac 22.5 8
      2,087 words
    • 256 24 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
      256 words

  • FINANCE & COMMODITIES
    • 365 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Alll 29 World Index Preliminan 1113.6 0.5 1.2 0.5 2.4 0.5 3.1 EAFE Preliminan 1105.2 -0.1 -0.2 -0.1 2.2 -0.1 2.' Euro[ Preliminary 1508.1 0.6 1.0 0.6 3.3 0.6 4.I Pacific 965.6
      365 words
    • 133 25 As at 9am Aug 30 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2390 1.2540 Can dollar 1.4260 1.4440 Euro 2.0670 2.0910 NZ dollar 1.0610 1.0840 jterlin mnd 3.0500 3.0850 US dollar 1.5140 1.5310 Local dollars to 100 units of foreign
      133 words
    • 163 25 Aug 30 3>3 uner Overnight 2 3/8 1 -month 2 5/8 2-months 2 11/16 3-months 2 3/4 Overnight mode: 2.18 US$ Offer 2 1/4 2 1/2 2 9/16 2 5/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.70 5.61
      163 words
    • 22 25 Aug 30 STI SIMSCI Aug 413.1 420.7 412.3 Taiwan Aui 340 341.2 338.1 Source: MF Global (S) Pte. Ltd
      22 words
    • 22 25 Aug 30 Bid 3? Offer 1-month 1.5200 1.5211 2-months 1.5163 1.5175 3-months 1.5133 1.5145 6-months 1.5048 1.5061 Source: OCBC
      22 words
    • 158 25 Aug 30 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2446 1.2458 0.8168 0.8170 Canadian dollar 1.4343 1.4359 0.9413 0.9417 Euro 2.0779 2.0795 1.3636 1.3638 NZ dollar 1.0712 1.0725 0.7030 0.7034 jterlim ind 3.0638 3.0662 2.0106 2.0109
      158 words
    • 347 25 Aug 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO7 DecO7 MarO8 JunO8 94.557 95.125 95.425 95.500 0 0 0 0 9687 ***** ***** 6519 EUROYEN FUTURES SepO7 99.175 99.190 DecO7 99.155 99.160 MarO8 99.095 99.120 JunO8 99.060 99.085 SepO8 99.020 99.035 DecO8 98.930 98.960B MarO9
      347 words
    • 287 25 Aug 30 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest SepO7 Oct 07 NOV07 Dec 07 Jan/Mar 08 Apr/Jun 08 323.00 323.50 324.00 322.75 322.25 324.50 RSS 3 (US cents/kg) Month Hig ab Low Sett Volume (tonnes) Open Interest
      287 words
    • 101 25 Aug29 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 07 858.50 855.25 862.00 850.50 Nov07 874.25 872.25 877.50 867.00 Jan 08 889.50 888.00 892.50 882.00 Mar 08 900.00 897.50 903.00 893.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 07 36.26 36.05 36.52 35.90 Oct07
      101 words
    • 77 25 CRUDE OIL PRODUCTS Aug29 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 71.44 0.87 WTI (Near Mth) 73.59 1.75 Dubai (1-Mth F) 66.78 -1.07 Tapis blend 75.4 -0.6 Minas 72.2 -0.9 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.45 84.20 0.20 unch US$/barrel Opec Oil Basket
      77 words
    • 467 25 Aug 30 AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.868 6.168 0.599 6.374 33.530 76.911 0.945 7.683 2.866 1.162 49.637 38.255 1.245 5.861 0.984 27.005 28.044 0.406 0.817 Canada 1.153 7.109 0.690
      467 words
    • 87 25 Aug 30 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****T 29.11.07 1-Year BY*****V 30.04.08 2.32 2.32 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X 3.125
      87 words
    • 76 25 Auq 30 1 mth 5.***** 2.***** 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 5.***** 2.***** 9 mths 5.***** 2.***** 12 mths 5.***** 2.***** SWAP Offer rates (S$) 1 mth 2.***** 2 mths 2.***** 3 mths 2.***** 6 mths 2.***** 9 mths 3.***** 12 mths 3.***** SWAP
      76 words
    • 61 25 Aug 30 Delivery Month Opening Sett Av Range Price Price Hii Vol Open Done Position Low Sep 07 2470 2490 2490 2470 491 2699 Oct 07 2419 2444 2444 2419 1591 ***** Nov07 2390 2420 2420 2389 4284 ***** Dec 07 2389 2400 2401 2384 914 8583 Total
      61 words
    • 176 25 Aug 30 GOLD (USS/oz) Aui 29 Au( 30 GOLD BULLION COINS (S$) Sellim Bu' rini Hong Kong London Hong Kong 662.60 665.00 663.60 666.00 Aug 28 Aug 29 London 662.40 666.50 663.00 667.10 Source: Reuters P3J veiling puyniq 1 oz 1129.92 1008 UBS GOLD LUNAR KINEBAR (S$) Selling
      176 words
    • 70 25 Aug 2'. Aluminium, 99.7% purity (US$/tonne) Close Previoui Cash 2468.20 2466.20 3 months 2528.00 2526.00 Copper, Grade A (US$/tonne) Cash 3 months 7440.00 7370.00 7354.00 7275.00 Lead (US$/tonne) Cash 3183.00 3 months 3115.00 3254.00 3175.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 80 25 Aug 29 Lui-UH u:/ionnej Close Prev Hii ih/Low SepO7 931 915 Dec 07 949 938 Mar 08 966 956 May 08 977 967 940/923 958/946 974/964 986/975 COFFEE (US$/tonne) Close Pev High/Low SepO7 1665 1657 1687/1652 Nov07 1716 1706 1738/1706 Jan 08 1714 1710 1736/1710 Mar 08 1716 unch
      80 words
    • 2706 25 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 1631 Ace Dynamics W*****7 25.5 -0.5 38 1 20 -1 1.80 20 2058 Advance Modules Grp W*****3 8 1674 Allgreen RB ECW*****0 4.5 0.5 10 1.5 60 1 17
      2,706 words

  • Page 26 Advertisements
    • 2681 26 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE B^TOyviffi^^ Destination Destination ||jgg DURUMATA RTM/ATW/UK STXPOTBN CAM/NFK/SAV/NOL ||NTERASIA RORO SERVICE H VESSEL/VOY I RAMPQCT) HEIGHT(M) PKG KCH LCB I SIN I JKT Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia STRAITS SUCCESS 25 10 3 2 02/09
      2,681 words

  • Page 27 Advertisements
    • 4102 27 WAN HAI INTERNATIONAL PTE LTD crn0 **********0/r| lit t?i a CTITDM 1^ AU IXTITIJ TTI //®fc C^i S~*C~ %rTTr\ ■■>■ hup* 1EL*****588 (14LINES) FAX:*****163 I\WT l_i_i_» 1 Mil JVIM f_>i__Y LJIMLIY, LIU f(§|f N>J C*T f J i So^/ \\MNwAM HAI INF\ Customer Servi<e/Booking s Dir«l line (1800) *****200 t
      4,102 words

  • Page 28 Advertisements
    • 4656 28 WmM H HI I E^fl Nordana (Asia) Pte Ltd t^^Zl^Z! I fi_i GLORY NAVIGATION GROUpI M US B^HI 70 Shenton Way, #21 -03 Marina House Singapore *****8 ®>t&*KMJ&J%-% BM^aQ NORTH WEST EXPRESS LINE f pp pp owns* operatestheyoungest fleet _HH9*_H MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DaTEX a» AttlvAl
      4,656 words

  • Page 29 Miscellaneous
    • 388 29 CRYPTIC CROSSWORD ACROSS i 1 1 1 1 1 1 1 1 1 1 1 1 1 Hv.nu^3 n rr K fc ft m I Drink coming from North London district, black stuff! (6) 4 Jam on part of the face from 9 H 10 the pudding (8) jh jh
      388 words

  • Page 30 Advertisements
    • 49 30 For a drop dead gorgeous you Enjoy a 207» discount when you shop at Gramophone at The Centrepoint. PLUS a free one-month DVD rental membership with just $50 spending. More information in The Business Times Weekend tomorrow. The Business Times Organised by: Managed try: ("dn+raF^fnt- ni a member of«..
      49 words
    • 8 30 j Hf I 9 The Business Times j
      8 words

  • Page 31 Advertisements
    • 284 31 [A] HOUSING 4 > DEVELOPMENT MJ J BOARD The Housing Development Board on behalf of the Government is pleased to invite tenders for the following property for 1 residential use: Location Property Site Area Flat Type 3-Room 4-Room Tiong Bahru Road Land plots I& 2 comprise 10,9795qm 60 Units 60
      284 words

  • executive lifestyle
    • 1661 32 The race is on to document disappearing landmark buildings in the first book on modern local architecture, reports CHEAH UI-HOON FOR two years now, Dinesh Naidu, a writer on architectural subjects, has been roving the streets of Singapore, in search of modern-style buildings built between
      1,661 words
    • PURSUITS
      • 554 29 HERITAGE [ts grand 120th anniversary celebrations will bring history alive, writes WEI-TZE SAM MOST of us recall going to history museums in our youth and passively absorbing a lot of stuff historical facts, details and stories such as what our ancestors did
        554 words
      • 541 29  -  WEI-TZE SAM ARTS By PROMPTED by the success of Hong Kong's ArtWalk, now in its seventh year, the Art Galleries Association Singapore has decided to stage a similar event here. "Art Walk Galleries by Night" will take people around 16 galleries on two consecutive
        541 words
      • 543 29  -  CHRISTOPHER LIM SPIRITS By IN a price-conscious world, more expensive often seems to imply better. Whisky costs more the longer it is aged, so the assumption is often that older is better. Moet Hennessy Diageo, which handles Glenmorangie Scottish single malt whisky in Singapore, claims
        543 words
      • 1107 29  -  NKYONG WINE By THERE are scores of interesting wines with unfamiliar names that we seldom read about, much less see or taste. The usual habit is to ignore, or at least take little interest in, these unfamiliar names from unknown growers/producers. Sticking to the tried
        1,107 words
    • CINEMA
      • 592 30 'Ratatouille' charms GEOFFREY EU with its humour and a script that respects its characters as well as the audience The notion of a rodent with a refined palate and a knack for gourmet cooking may seem more ridiculous than sublime, but in the highly imaginative
        592 words
      • 433 30  -  GEOFFREY EU By WHAT with the dearth of good movie scripts out there, and given that the Bible has provided source material for some of the greatest stories ever told, it's no surprise that the makers of Evan Almighty dipped into the biblical well
        433 words
      • 377 30  -  PARVATHI NAYAR DVD By IT'S been a right royal year for the inimitable Helen Mirren, who made a clean sweep of the major acting awards for her portrayal of Queen Elizabeth not just the reigning monarch, but also the very first ruler
        377 words
    • ENTERTAINMENT
      • 641 31 NIGHT OUT What you see is what you get with top DJ Paul van Dyk, writes MELISSA LWEE S one of the biggest names on the international DJ scene today, one would think that Paul van Dyk would be a larger- than-life,
        641 words
      • 510 31  -  CHRISTOPHER LIM CD REVIEW In Between Paul van Dyk Warner Music Rating: B+ Reviewed by IN this age where free computer software allows children to throw together audio building blocks with a few clicks of the mouse and have the result sound something
        510 words
      • 580 31  -  CHRISTOPHER LIM PARVATHI NAYAR WOMAD and Bv FIRST-TIME visitors to Womad last weekend wouldn't have known what to expect, but for many of us Womad in its 10th incarnation was a nostalgia trip with memories of how it all began 10 years ago. Shooglenifty, a
        580 words
  • Page 32 Advertisements
    • 189 32 The world has crash-test dummies. "^^r '^~--w Hb^ Only Saab has a crash-test moose. A moose weighs over 800 kilos and when it hits your car, it's no trivial matter. The damage is often so extensive, it's not worth repairing. In Sweden, where <?-■ y^^^^. more than 350,000 of these
      189 words
  • Page 32 Miscellaneous