The Business Times, 2 August 2008

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Total Pages: 22
1 22 The Business Times
  • 25 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents 9 S m A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 August 2 3,2008 online at http://www.businesstimes.com.sg
    25 words
  • 784 1  -  UMA SHANKARI Fears of their decline next year may be somewhat exaggerated By I [SINGAPORE] Recent media reports predicting that private home rents will take a steep dive next year are certainly alarming. But a closer look at the numbers suggests that
    784 words
  • 716 1  -  SIOW LI SEN Companies trying to clip costs by curbing travel, turning to videoconferencing By ferencing technologies to keep in touch with customers, partners and overseas colleagues, said Ms Koh. "Our active use of videoconferencing technology not only helps us to increase
    FILE PHOTO  -  716 words
  • MARKETS DIGEST
    • 29 1 SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.494 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.76 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 46 1 KL COMP 1,159.10 -3.99 NIKKEI 225 1 3,094.59 -282.22 HANG SENG 22,862.60 +131.50 SET INDEX 678.66 +2.34 JAKARTA COMP 2,248.75 -55.75 MANILA COMP 2,584.21 +7.11 SEOUL COMP 1,573.77 -20.90 SHENZHENB 457.61 +3.20 MUMBAI IND 14,656.69 +300.94 11.45am EDT Change DOW 11,335.44 -42.58 NASDAQ 2,308.45 -17.10
      46 words
    • 42 1 US$ (S$ per US$) 1.369 (US$/S$ per 1.975 2.705 EURO (US$/S$/E) 1.557 2.132 YEN 107.40 78.50 RM 3.264 2.384 HK$ 7.803 5.698 BAHT 33.55 24.50 RUPIAH 9,093 6,640 RENMINBI 6.844 4.998 INDIAN RUPEE 42.41 30.97 A$ 1.068 0.780 NZ$ 1.375 1.004
      42 words
  • Page 1 Advertisements
    • 3 1 8 *****1 *****4
      3 words
    • 115 1 Strategically located at One Orchard Boulevard, Camden Medical Centre is just minutes from Gleneagles Hospital, Mount Elizabeth Hospital and luxury hotels such as The Regent Singapore and Four Seasons Hotel Singapore. Designed by Pritzker Prize Laureate Richard Meier whose works include the Getty Museum in Los Angeles, this 1 8-storey
      115 words
  • Page 1 Miscellaneous
    • 31 1 €2L IP aa^T FOOD MOTORING /a -^X-^ BE INSPIRED I P HOLIDAY AT SEA Bringing back J^j Adam Goldstein, president and CEO of Royal Caribbean, in the Raffles Conversation PAGE 3
      31 words

  • TOP STORIES
    • 551 2  -  LEE U-WEN Malaysian bank also sheds light on fate of RM4BOm deposit if deal falls through By [SINGAPORE] There looks to be a new twist to the saga over Malayan Banking's proposed purchase of a stake in Bank Internasional Indonesia
      551 words
    • 591 2 ■AP LATEST US DATA [WASHINGTON] The unemployment rate in the United States climbed to a four-year high of 5.7 per cent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work. Payroll
      ■AP; REUTERS  -  591 words
    • THREE-MINUTE DIGEST
      • 80 2 CAPITALAND CEO Liew Mun Leong has urged analysts and journalists "not to be overinfected with what's happening in the US". He made this call yesterday at a briefing on second-quarter results net profit fell 43.5 per cent to $515.2 million. The drop
        80 words
      • 63 2 SINGAPORE'S two largest public transport operators have applied to raise fares later this year. Yesterday, SBS Transit and SMRT Corp disclosed that they have applied to the Public Transport Council to lift bus and train fares, citing the
        63 words
      • 57 2 CHINA Energy reported a 30 per cent jump in net profit to 65.54 million yuan (5513.1 million) for the first quarter ended March 31, 2008. It attributed this to robust demand for dimethyl ether, which is being promoted in China as an
        57 words
      • 63 2 THE Urban Redevelopment Authority has received a committed bid of $51 million for a hotel site at Kallang and Jellicoe roads. This works out to $249.6 per square foot per plot ratio (psf ppr) for the 45,451 sq ft site, which is on
        63 words
      • 67 2 SECURED and unsecured creditors of financially strickened Umno-linked PECD may be forced to take a hefty haircut under a corporate restructuring scheme. In February, the company was classified as an affected listed issuer after its shareholders' equity fell into deficit
        67 words
      • 64 2 SUSTAINING rapid growth is China's economic priority, President Hu Jintao said yesterday as an official survey pointed to a swoon in the all-important manufacturing sector. In a sign of official concern that the world's fourth-largest economy is slowing too sharply, the central bank has
        64 words
      • 57 2 AFTER nine days of talking tough at the Geneva global trade meeting that ended in collapse, chief Indian negotiator Kamal Nath returned to New Delhi on Thursday to a hero's welcome. He was congratulated by colleagues at a cabinet meeting for "bravely
        57 words
      • 67 2 MERRILL Lynch Co has been accused by Massachusetts Secretary of State William Galvin of misleading investors about the stability of the auction-rate market at the same time the investment bank was marketing the securities. New York-based Merrill "co-opted" its research department to help place
        67 words
    • 296 2  -  SIOW LI SEN [SINGAPORE] Francis Heng has resigned as Singapore Telecom's group chief financial officer (CFO) less than 18 months after he joined the company. Market talk is that Mr Heng, 48, will join agri-business group Wilmar International,
      296 words
    • 627 2  -  LEE U-WEN SATURDAY SOAPBOX Travellers rank our airport tops for 'sleepability and overall enjoyment' too BEING stranded for hours on end in an airport because of bad weather or flight delays is, for my money at least, handsdown one of life's worst experiences. There
      627 words
  • Page 2 Advertisements
    • 124 2 to keep your mature workers in the pink of health For Human Resource Personnel, Employers Managers! Date:lsAugOB(Fri) Our workforce is ageing. The Government Time: 3 05pm s#o opm will enact re-employment legislation by Venue: urong Me dical Centre, 2012 to enable more people to continue 60 Jurong West Centra 3
      124 words
  • Page 2 Miscellaneous

  • THE RAFFLES CONVERSATION
    • 2096 3 FOR those old enough to remember, thoughts of a cruise bring to mind the 1970s television series The Love Boat. The show was about a crew of a luxury cruise ship, its guests, fine food, wonderful on-board amenities, exotic destinations and, of course, the romance of
      JOHN HENG  -  2,096 words
    • 76 3 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words

  • COMPANY NEWS
    • 809 4  -  KALPANA RASHIWALA Group hopes to list Malaysia retail Reit on Bursa Malaysia by end-2008 Reports by CAPITALAND group president and CEO Liew Mun Leong has urged analysts and journalists "not to be overinfected with what's happening in the US". He made this
      FILE PHOTO  -  809 words
    • 405 4 CAPITALAND plans to launch in the second half of this year a freehold condo Urban Resort with about 70 units on the Silver Tower site in Cairnhill. The average price is expected to be above $3,000 psf, CapitaLand Residential Singapore CEO Patricia Chia
      405 words
    • 389 4 CAPITALAND has no plans to take its Australian subsidiary Australand private at present as it remains a core business, Capita Land's group president and CEO Liew Mun Leong said yesterday. Australand chairman Lvi Chong Chee said he expects Capita Land's stake in
      389 words
    • 431 5  -  LEE U-WEN Reason cited: Higher cost pressures because of rising energy prices By SINGAPORE'S two largest public transport operators have applied to raise bus and train fares later this year. Yesterday, SBS Transit and SMRT Corp confirmed they
      FILE PHOTO tr^n *tit 7 nnn t jj. /, _.*■ 7 • ~ ,7 -• • j.7 • j.7- 7  -  431 words
    • 513 5  -  JAMIE LEE By CLUB operator St James has agreed to buy the defunct Crazy Horse cabaret premises and assets for $2.75 million under a non-binding memorandum of understanding. The venue for the former topless cabaret that was owned by cinema operator
      513 words
    • 501 5  -  R SIVANITHY STOCKS Senior Correspondent AS PREDICTED in our Thursday column, Wall Street plunged on Thursday, leading to another weak day in the local market yesterday, when the Straits Times Index dropped 23.58 points to 2,906.07. Over the week the index displayed relative resilience
      501 words
    • 468 5 Reuters ABTERRA, which trades coking coal, metallurgical coke and iron ore, expects its revenue to triple this year due to robust demand from China and because of acquisitions of smaller rivals. As China's coal mining industry faces consolidation, the firm is looking to
      – Reuters  -  468 words
    • 199 7 6 months ended June 2008 3 months ended June 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (S|m) (S$L) CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG (Sim) (Stm) 1 Jardine Strategic 1,592.56 1,200.88 32.6 12,648.00 9,756.64 29.6 2 Jardine Matheson 1,384.48 1,078.48
      199 words
    • 636 7  -  LYNETTE KHOO Results late as group was granted extension over a review by PwC By CHINA Energy reported a 30 per cent year-on-year jump in net profit to 65.54 million yuan (5513.1 million) for the first quarter ended March 31, 2008. It
      FILE PHOTO  -  636 words
    • 501 7 Reuters INVESTORS almost halved the money they put into Asia-focused hedge funds in the second quarter compared to the first three months of the year as a sell-off in stocks hurt appetite for risky assets, data showed. Asia-focused hedge funds received a
      – Reuters  -  501 words
    • 386 7 Bloomberg [HONG KONG] Jardine Matheson Holdings Ltd, which owns office buildings, supermarkets and hotels across Asia, said first-half profit surged 28 per cent on rising rents and high palm oil prices. Net income rose to US$l billion, or US$2.B9 a share, in the six
      – Bloomberg  -  386 words
    • COMPANY BRIEFS
      • 54 7 OCEAN International Holdings warned yesterday that the group is likely to suffer a loss for the six months ended June 30, 2008, due to continuous increase in production cost, as well as increase in finance costs resulting from higher borrowings to support the
        54 words
      • 158 7 DMX Technologies Group, an information technology provider of digital media solutions, reported a 24 per cent year-on-year decline in net profit for its second quarter to US$l.69 million, working out to earnings per share of 0.37 US cents. This comes on the back of
        158 words
      • 171 7 DEL Monte Pacific announced yesterday that its subsidiary, Del Monte Philippines Inc (DMPI), had filed a countersuit against Sulpicio Lines Inc claiming damages of about US$l million for loss of shipment, and reputational, exemplary and consequential damages suffered. Sulpicio is the owner of the
        171 words
      • 91 7 DARCO Water Technologies said that its subsidiaries have recently secured a string of contract wins worth about $9 million. The contracts comprise eight water treatment projects slated for delivery in the next 12 months. The orders came mainly from the electronics and semiconductor sector
        91 words
  • Page 4 Advertisements
    • 168 4 Win a Zegna Sport i-Pod Jacket worth $2,500! V -Mm Iff f If m m^% m i m m W Mwfm ZegnaSport ZaDCocfe I The Straits Times I The Business Times I Online. The latest news. Any time, anywhere. h»-»-«.,»««**.«- =";«'i^-w.— v-, '-1?, 20 Q3 0 u Monday ai'i'm '=I^^
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    • 509 4 UrtTir^E INTHEMATTEROF NOTICE FMS INTERNATIONAL PTE. LTD. State Bank Of India, Singapore Companyßegistration Number:2oo3lo39m The Financial Statements of State Bank of India published (In Voluntary Liquidation) in the Business Times dated 31 July 2008, contained umn«ucmv rnra c r ma tn, m* ■n* information on the Consolidated Accounts of the
      509 words

  • Page 5 Advertisements
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    • 863 5 I"?T y SCORPIO EAST HOLDINGS LTD. I/" |V-^ (Company Registration No. *****5164G) !^o^||!] (Incorporated in the Republic of Singapre) NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of SCORPIO EAST HOLDINGS LTD. will be held at 6 Harper Road #02-08, Leong Huat Building, Singapore *****4 on Monday, 18
      863 words

  • PERSONAL INVESTMENT
    • Article, Illustration
      887 6 Source: SLIGHTLY above our expectations: Q2OB net profit rose 16 per cent y-o-y to $299 million, 6 per cent above our expectations but in line with consensus. HIOB earnings of $561 million (+lO per cent y-o-y) form 51 per cent of our FYOB estimate. The key variance came
      Bloomberg  -  887 words
    • 993 6 For week beginning Jul 28 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jade Tech 31-Jul-OS Sam Chong Keen Buy ***** na 0 0.00 ***** 1.81 Jade Tech 31-Jul-OS Chong
      993 words
    • 1290 6  -  TEH HOOI LING SHOW ME THE MONEY Not necessarily, shows a study of SGX-listed companies HE stock market has been pummelled in the past 10 months. Compared with OctoIber last year, $180 billion has evaporated from the market value of Singapore-listed companies. Globally,
      1,290 words
  • Page 6 Advertisements
    • 23 6 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.
      23 words

  • Page 7 Advertisements
    • 39 7 jgpevov [r^pP^evovlivingxonn IB 279 Balestier Rd r^ k Balestier Point #81-OO Opening hours: (Carpark Via Ava Road) Mon: Singapore *****7 1300-1800 T: 6252 631 1 Tue Sun: F: 6252 63 12 1100-2000 i nfo@evOv[ivi ng .COm *ferms conditions apply
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    • 38 7 Where on earth can you find great properties at affordable prices? At AsiaPropertyShow l^ltn you'll find them all in Tf one location and at 'rJP^ down-to-earth prices AsiaPropertyShow2ooB dh.,/? 01-03 AUGUST 2008 jj SINGAPORE EXPO Hall 6 www.asiapropertyshow.com
      38 words

  • SINGAPORE NEWS
    • 434 8  -  ARTHUR SIM At Kallang and Jellicoe roads, the 45,451 sq ft site costs $249.6 psf ppr By could attract bids in the range of $400-$450 psf ppr. "This is a relatively good site only two MRT stations from Raffles City and close to
      434 words
    • 393 8 Online site will also be revamped to sport a fresh look FOUR years after its last re-design, Singapore's largest and oldest newspaper is gearing up for a major revamp to its print and online editions. A new-look print version of The Straits
      393 words
    • SINGAPORE ROUNDUP
      • 58 8 THE National Volunteer Philanthropy Centre has appointed Laurence Lien as its new chief executive officer. He will take over on Oct 1 from Tan Chee Koon, who has held the position for nine years. Mr Lien has served in the Singapore Administrative Service for 14
        58 words
      • 77 8 TIGER Airways has suspended flights from Singapore to Darwin, citing the current high oil prices and operation cost. Passengers with flights before Oct 26 will still be able to fly to the northern Australian city, while those with flights after that date will get a full
        77 words
      • 78 8 MORE and more young people are pursuing careers connected with the built environment, according to the Building and Construction Authority (BCA) which said scholarship applications in that field have gone up five-fold. Twelve scholarships were awarded yesterday for students pursuing studies in various disciplines related
        78 words
    • 416 8  -  JAMIE LEE CDL MD says it's not sustainable to have long-term govt subsidies By DEPENDING on the government for more subsidies to encourage developers to go green is not sustainable, said City Developments managing director Kwek Leng Joo. "I don't
      FILE PHOTOS  -  416 words
    • 301 8  -  NISHA RAMCHANDANI By THE gap in networking opportunities for women in Singapore's work landscape will soon be plugged, thanks to a new initiative called the Young Women's Leadership Connection. The initiative has been launched to plug the gap by creating a pipeline of women
      301 words
  • Page 8 Advertisements
    • 326 8 THE* AXE "^^^CUj /'y--\-..i.-- ./-.y fl 51^ Paying "vhere they work: A total 0f9,000 construction workers are expected to be housed at the fully equipped iDk dormitories while the Safety Training and Security Centre will provide safety training for 45,000 workers L 'fM ExxonMobil opens worker dorms, safety centre j!ji
      326 words

  • CHINA: TWO FACETS
    • 1294 9 -NYT Emphasis now is on innovation and growing global brands as low-end factories are moving out, reports DAVID BARBOZA [SHENZHEN, China] FEW people have heard of the BYD Corp BYD for Build Your Dream but this little-known company has grown into the world's second-largest battery producer in
      -NYT; AFP, AP  -  1,294 words
    • 957 9  -  MARK MAGNIER -LAT-WP By [BEIJING] If there was ever a subject and a genre tailor-made for China's film industry, it would seem to be KungFu Panda. The panda is a national symbol, kung fu was developed here, China is all the rage globally and animation
      -LAT-WP; I AP  -  957 words

  • FOCUS: BIO-TECH RALLY
    • 1352 10 --NYT Martha Stewart and others jailed for insider trading would otherwise have escaped their fate [NEW YORK] It was one of the most celebrated insider-trading scandals of the last decade, sending Martha Stewart and her Merrill Lynch stock broker to prison, along with
      --NYT; BLOOMBERG  -  1,352 words
    • 546 10 Reuters [NEW YORK] Bristol Myers Squibb Co's bid for longtime cancer-drug partner ImClone Systems Inc on Thursday sparked a biotech rally, but it might be premature to assume a wave of other biotech deals will soon follow. The American Stock Exchange Biotech
      Reuters; BLOOMBERG  -  546 words
    • 407 10 Reuters [CHICAGO] Investors scrambled on Thursday for options on several pharmaceutical and biotechnology stocks, with many betting on future gains in the sector following news of a proposed buyout of ImClone Systems. Earlier in the day, Bristol-Myers Squibb Co offered
      – Reuters  -  407 words

  • MALAYSIA/INDONESIA
    • 719 11  -  PAULINE NG With shares at 4 sen, bankers not hopeful that much value could be salvaged By in Kuala Lumpur SECURED and unsecured creditors of financially stricken Umno-linked PECD may be forced to take a hefty haircut under a corporate
      719 words
    • 326 11 Reuters, Bernama Anwar reportedly gathering support for move in 6 weeks [KUALA LUMPUR] Malaysian opposition figure Anwar Ibrahim is gathering support to file a no-confi-dence vote against the government in six weeks, the Financial Times reported yesterday. Mr Anwar, who is fighting
      – Reuters, Bernama  -  326 words
    • 207 11 Foreign investors cut debt holdings by 11 Bloomberg The decline in May is the first since August 2007 [SINGAPORE] Overseas investors reduced their holdings of Malaysian debt by 11 per cent in May, the first decline since August 2007, according to data published by Bank Negara Malaysia on its website.
      Bloomberg  -  207 words
    • 541 11 Reuters [JAKARTA] Indonesia's annual inflation picked up to a higher-than-expected 11.9 per cent in July, almost a two-year high, cementing expectations that the central bank will raise interest rates for the fourth time this year. The accelerating inflation
      – Reuters; REUTERS  -  541 words
    • 415 11 Bloomberg [JAKARTA] PT Bumi Resources, Asia's biggest exporter of power-station coal, fell in Jakarta trading yesterday after the company cut its sales target and first-half profit missed some analysts' estimates. Bumi, the most actively traded stock yesterday, dropped as much as 8.9
      Bloomberg  -  415 words
    • 2227 11 RM Cooo] \&M Realty \bricBhd \dvance Synergy \dventa Bhd \eMulti Hldgs \ffin Holdings \hmad Zaki Resou Me Corp Mrasia Bhd \kn Technology Mliance Financi Muminium Co Amalgamated Ind \mmb Hldgs Bhd \mtel Holdings \mway Malaysia \nalabs Resource \ncom Berhad \nn Joo Resource \pex Healthcare \pl Industries \pm Automotive
      2,227 words

  • GREATER CHINA
    • 698 12 Banks allowed to up loans by 5% sign of worry economy is slowing too fast [BEIJING] Sustaining rapid growth is China's economic priority, President Hu Jintao said yesterday as an official survey pointed to a swoon in the all-important manufacturing sector. In a sign of
      698 words
    • 310 12 [SHANGHAI] Aviation regulators in eastern China have told airlines not to let pilots quit or change jobs before the end of the Beijing Olympic Games, fearing that job-hopping by pilots could undermine air safety, a source with direct knowledge of the matter said.
      310 words
    • 337 12 [TAIPEI] Powerchip Semiconductor Corp, Taiwan's biggest maker of computermemory chips, fell the most in more than five years in Taipei after prosecutors indicted chairman Frank Huang for insider trading and breach of trust. Powerchip tumbled as much as 7 per cent, the daily
      337 words
    • 498 12 [XIAN, China] Millions of people gathered to watch a total solar eclipse along China's ancient Silk Road yesterday, one week before the start ofthe Olympics. China's carefully planned Beijing Olympics year has been shaken over and over by natural disasters: freak snowstorms;
      REUTERS  -  498 words
    • 593 12 Regulator's move aimed at checking stockmarket slide, say sources [HONG KONG] China is restricting approvals for share sales to arrest a decline in the world's worst-performing major stock market, two people familiar with the matter said. The China Securities Regulatory Commission is delaying the issuance
      593 words
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  • INDIA
    • 800 13 [NEW DELHI] After nine days of talking tough at the Geneva global trade meeting that ended in collapse, chief Indian negotiator Kamal Nath returned to New Delhi on Thursday to a hero's welcome. He was congratulated by colleagues at a cabinet meeting
      AFP  -  800 words
    • 403 13 Bloomberg, Reuters Rate of 11.91% fastest since 1995, driven by energy, commodity prices [HONG KONG] India needs to "compromise" on growth in order to fight the fastest inflation in more than 13 years, junior finance minister Pawan Kumar Bansal said. Inflation in India
      Bloomberg, Reuters  -  403 words
    • 8442 13 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.056/ AIGIF S'pore Bond Fund/A 1.333/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.9/ APS Alpha Fund (USD) 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9682/ APS Komaba Global
      8,442 words

  • WORLD
    • 554 14 Bloomberg Firm sold securities while censoring its reports about market risks, claims US state [NEW YORK] MerriU Lynch Co has been accused by Massachusetts Secretary of State William Galvin of misleading investors about the stability of the auction-rate market at the same time the
      Bloomberg  -  554 words
    • 164 14 Reuters [NEW YORK] MerriU Lynch Co Inc chief executive John Thain has made more than US$2 million this week from shares he bought in the bank's US$B.55 billion offering. Mr Thain bought 500,000 shares on Tuesday as part of an agreement by senior
      ■ Reuters  -  164 words
    • 287 14 Bloomberg [WASHINGTON] Former Federal Reserve chairman Alan Greenspan said that falling US home prices are "nowhere near the bottom" and the resulting market turmoil is not showing signs of abating. While the odds of a recession are 50-50, achieving stable markets will "take
      – Bloomberg  -  287 words
    • 8577 14 Transaction date: Aug 1 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote |h Low Buyer Seller Div Gr Yld Net C'vr P/E M Cap Hii Com[ 5716 1st Software 17.5 5.5 3148 STelecom 24 8 5834 A-Sonic 110 100 6389 ABF SG Bond
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    • 634 15 Reuters Lamy says many countries want package negotiated so far to be preserved in order to finish Doha Round [GENEVA] The widespread dismay over this week's collapse of global trade talks could prompt the World Trade Organization (WTO) to seek a way out
      Reuters; AFP  -  634 words
    • SGX
      • 53 15 :hina Hon. ixin 45,284,000 Ca litaLand 92,221,971 olden Ai iri 40,095,000 DBS Gri 77,529,41 .i Hen. 26,021,000 HKLand 63,963,751 iceanus 25,786,000 UOB 53,128,94 :errochina 24,313,000 Sin. jTel 46,881,591 ient Intl 22,513,000 Wilmar 41,939,34 iosensors 1 9,094,000 Kej I Cor| 40,973,48! lear 18,108,000 OCBCBk 38,074,21 iutianC 18,093,000 SGX
        53 words
      • 99 15 CLOSE UP MH 3198 52.0 1.2 lai irm 520 37.0 5. IS MSCI India 100 630 34.2 4.1 SH 1740 27.4 1.2 Con 1084 18.0 1.7 >tra its Trdj 530 17.0 3.3 'enture Con 1104 14.0 1. iCBCBk4.5%NCPS 100 ***** 12.0 0.1 iosensors 60 10.0 20.0 BS Bk 6%
        99 words
      • 104 15 CLOSE DOWN CLOSE DOWI ■UE 1270 -84.0 -6.2 Cai italanMBLeCW***** 0.5 -85.7 -3 .i LD 10US$ 8945 -72.5 -0.6 FirstRes RBeCW*****8 0.5 -80.0 -2 .i iBS MBUCW*****0 521 -67.0 -11.4 Jai in LandW*****6 11 -71.1 -27.' >ustland PG 127 -38.5 -19.1 CoscoCori iRBeCW*****8 1.5 -62.5 -2. 1114 -34.0 -3.0
        104 words
    • 91 15 Clob Up Down Unch 4 6 6 Up Down Unch OOP Up Down Unch 4 6 6 lulti Ind lanir fact u rin i Commerce 19 13 18 23 15 20 'pt/Stor/Comms 11 12 12 12 14 13 :inance Construction 11 'rot 23 23 lotels/Rsts iervices 19
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    • 119 15 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 13,711 13,711 59,368 59,368 Manufacturing 314,050 21,012 335,062 257,622 1,597 259,220 Commerce 42,813 28,097 70,910 54,636 11,478 66,115 )t/Stor/Comms 58,418 589 59,007 167,979 159 168,138 Finance 22,295 22,295 222,278 222,278 Construction 14,050 1,651 15,701 2,956 104 3,060 Proj )erties
      119 words
    • 34 15 lapitaLand 5.470 -0.230 .apr .osco .orp irp ient Ism line jpel .orp Fppel .am irp 01am 2.190 -0.080 ■ngg :ngg >eml .orp >eml laT >ing ieverage Imar ■angzijiang 'anl \oR
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    • 1197 15 BONDS WARRANTS Closing prices are in trading currencies, but absolute difference is in Ss. Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left 1816 Asiasons Capital Ltd W*****7 6.5 -1.5 17 1 6 -1 1.68 13 1014 Capitaland BNP ECW*****8 16.5 -1
      1,197 words
    • 1811 15 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div GrYld Net (*000) High Low Buyer Seller C'vr P/E MCap Sinii 20 11.5 1181 s AAGrp 31 15 5000 s ABRHIdgs 32 18 8538 s APStrategic 10 2.5 1501 s Advanced System 38 19 3518
      1,811 words
    • 71 15 52-Wk Tel High Low Code Last Sale Vol COOP) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hi< 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO 6170 SPDRS 398.3 288 6009 STI
      71 words
    • 258 15 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      258 words


  • ASIA-PACIFIC/WORLD
    • 627 16  -  ANTHONY ROWLEY Analysts say his 'old guard' choices for key posts dooms exercise to failure By. in Tokyo JAPAN'S Prime Minister Yasuo Fukuda yesterday reshuffled his 10-month-old Cabinet in a bid to shore up his own rock-bottom popularity among voters and that
      627 words
    • 476 16 Bloomberg [NEW YORK] Former Bear Steams chief executive officer Alan Schwartz will leave JPMorgan Chase Co to "pursue other career interests", five months after the forced sale of the 85-year-old firm, according to an internal memo. Mr Schwartz, an investment banker who took the
      ■ Bloomberg; AP  -  476 words
    • 706 16 Reuters [DETROIT] The meltdown in the global car industry claimed more victims yesterday as General Motors (GM) posted a US$l5.5 billion quarterly loss yesterday. In Europe, BMW warned on profits while Japanese carmaker Nissan's earnings widely missed expectations. GM's quarterly loss the third-largest in its
      – Reuters; REUTERS  -  706 words
    • 519 16 Reuters [LONDON] British Airways' (BA) profit collapsed in the first quarter as high oil prices, an economic slowdown and weak consumer confidence combined in what the airline called the worst trading conditions it had ever experienced. The British carrier reduced its annual
      – Reuters; AP  -  519 words
    • 284 16 Reuters [LONDON] British Gas-owner Centrica has issued an apology after a social event, meant to brief staff on how to explain its 35 per cent price rise to irate customers, ended in a drunken brawl. The Sun newspaper reported almost 1,000 Centrica employees were
      ■ Reuters  -  284 words
    • 251 16 Reuters [SEOUL] South Korean consumer inflation hit a near 10-year peak and export growth marked an over four-year high in July, reinforcing the market's view that the Bank of Korea will raise interest rates next week for the first time in a year.
      Reuters  -  251 words

  • MOTORING
    • 491 17 Hot on the track and off it F1 WATCH FIA president Max Mosley, fresh from winning a lawsuit over a sex scandal, says he knows who framed him and will make it public soon By SAMUEL EE I' S LEWIS Hamilton on track to win the drivers' champion- ship after
      AFP  -  491 words
    • 713 17 They are both German crossovers but they couldn't be more different, in terms of looks, size and price. SAMUEL EE drives two Teutonic SUVs WE all know by now that Volkswagen is adept at churning out myriad variants based on the popular Golf hatchback for all
      713 words
    • 580 17 A HIPPO in high heels would look less incongruous. The new BMW X 6 is a big all-wheel-drive sport utility vehicle based on the current X 5 but has what the German luxury carmaker calls "coupe" styling. The X 6 is termed a Sports Activity
      580 words
    • 283 17  -  SAMUEL EE By! AUDI dealer Premium Automobiles yesterday opened its revamped $5 million showroom at 9 Leng Kee Road. The building, which closed in January for extensive reconstruction, now houses a 10,000 sq ft showroom that can display 16 cars on two levels. The
      283 words

  • GOLF
    • 1129 18 JUSTINE MOSS looks at the chances of a European or Asian player winning the US PGA Championship which has been dominated by the Americans T MAY lack some of the prestige and glamour of the British Open and the US Masters, but the fourth
      PHOTOS: AFP, AP H  -  1,129 words
    • 547 18  -  YEN SREENIVASAN By WHEN Raffles Country Club celebrates its 20th anniversary tonight with a gala dinner to be graced by Senior Minister Goh Chok Tong, the club and its members would have a lot to be proud of as they reflect
      ARTHUR LEE  -  547 words

  • WELLNESS
    • 828 19 Advancements in biotechnology, peptides and nanotech are used in beauty creams nowadays, says CHEAH UI-HOON THE science behind skincare products has progressed so much, with advancements in biotechnology, peptide technology and nanotechnology that people like Bernard Truaxe believes that there'll be a real breakthrough in skincare.
      828 words
    • 1423 19  -  Cheah Ui-Hoon Corinne Kerk Jaime Ec The thriving cosmeceutical industry has brought a slew of new skincare brands and facial treatments to town. BT Weekend checks some of them out INSTITUT ESTHEDERM FACIAL True Spa Ngee Ann City Tower A Level 16 Tel:
      1,423 words
  • Page 19 Advertisements
    • 46 19 LQ-Tfind the ones hn U pJ THAT FIT! Q ps^y x\ Recruit the right people 1 j C-=— j J through CATS Recruit. I -4 fj Call 1800 289 8822 or email \y^ f***l V J Vx^\recruit@sph.com.sg j 1 r to advertise. i l" 1 f
      46 words
  • Page 19 Miscellaneous
    • 278 19 CRYPTIC CROSSWORD I H^ ACROSS 5 Optical disorder producing 7 He's found at last? (9) falls (8) 8 Foreign government seat for 6 Brown given a hiding by tabformer Tory leader (5) bid (9) 10 Terrible row as ref gives kick 9 Garlands of plants, we hear (8) (4) 11
      278 words

  • SHOPPING
    • 1158 20 With falling TV prices, it's a good time now to join the HD craze, says CHRISTOPHER LIM m ITH three M free-to-air television channels to watch, and a fourth on the way, this is as good a time as any to get in on
      1,158 words
    • 466 20  -  AMANDA DE GUZMAN By WHEN is tableware not just something you put food on? When it comes from a family of artisans that has been producing it for more than 100 years; when it is made in collaboration with iconic artists; and when celebrities,
      ARTHUR LEE  -  466 words
    • 576 20  -  CHEAH UI-HOON By IT'S definitely harder to explain one's craft when most people don't understand its processes. That's what glass artist Ami Penttinen finds in her native Finland. "Finnish people are so used to having their glass objects done in a certain
      ARTHUR LEE  -  576 words

  • TRAVEL
    • 716 21 Situated between the Alps and Jura mountains on one side and France on the other, the city adds its own charm and elegance to Switzerland's landscape, writes QUAH CHIN CHIN THERE are few places in the world that can rival Switzerland's natural beauty envision postcard-worthy images
      AFP; CITY OF LAUSANNE'S OFFICIAL SITE; QUAHCHIN CHIN; GENEVA TOURISM  -  716 words
  • Page 21 Advertisements
    • 648 21 Wine&dine with weekendßT Mezeßar impressions of the Mediterranean. Jaan by Andre Raffles Boulemrd Marina s something different this August and September, why m Orchard Road Merits Mandarin Sinaanore beckons exploration. not indulge in some yummy dishes brought to you by 333 Orchard Road Mentm Mandarin Singapore, Peach B|ossQms Weekend Djm
      648 words

  • THE BUSINESS TIMES weekend
    • 919 22  -  Geoffrey Eu JULIEN BOMPARD Ascott Raffles Place 2 Finlayson Green Tel: 6509 0908 www.julienbompard.com JULIEN Bompard and heritage buildings go well together, it seems. After opening his classic French restaurant Le Saint Julien five years ago in the 19th-century Fullerton Water Boat House, situated at
      YEN MENG JIIN  -  919 words
    • 529 22  -  Cheah Ui-Hoon CUPPAGE TERRACE 31A Cuppage Road ORCHARD Road is about to get some serious late-night buzz when a new alfresco dining concept to be open until 3am daily rolls out at Cuppage Terrace in a couple of weeks' time. In the courtyard
      529 words
    • 441 22  -  Cheah Ui-Hoon BASILICO Level 2, The Regent Singapore 1 Cuscaden Road Tel: 6725 3232 AFTER a near-interminably long refurbishment, the Regent Singapore's Capers Restaurant has emerged from its dusty hoardings with an all-new identity. With 256 seats, Basilico is possibly the sec-ond-largest Italian restaurant
      441 words
  • Page 22 Miscellaneous