The Business Times, 5 August 2008

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Tuesday,Augusts,2ooB
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  • 695 1  -  YEN SREENIVASAN Raffles Town Club's old team, present controllers take each other to court By [SINGAPORE] The convoluted twists and turns of the long-drawn Raffles Town Club saga will continue in the coming weeks as the courts prepare to hear two further rounds
    FILE PHOTO  -  695 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.515 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.82 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 44 1 1COMP 1,148.68 -10.42 IIKKEI225 12,933.18 -161.41 1ANG SENG 22,514.92 -347.68 ;et index 674.67 -3.99 JAKARTA COM P 2,227.68 -21.07 IANILACOMP 2,599.99 +15.78 ;eoulcomp 1,543.05 -30.72 ;henzhen b 450.18 -7.44 IUMBAI IND 14,577.87 -78.82 12 noon EDT Change )OW 11,310.28 -16.04 IASDAQ 2,295.88 -15.08
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    • 40 1 IS$ (S$ per US$) 1.372 (US$/S$ per 1.969 2.701 :URO (US$/S$/E) 1.558 2.138 'EN 107.80 78.60 3.268 2.382 IK$ 7.804 5.689 !AHT 33.55 24.45 lUPIAH 9,097 6,631 lENMINBI 6.859 5.000 INDIAN RUPEE 42.42 30.92 1.073 0.782 IZ$ 1.374 1.001
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  • 922 1  -  LYNETTE KHOO SGX scheme to promote research sees numbers dwindle, interest flag By [SINGAPORE] If numbers tell a story, it is that rising costs are getting in the way of more research on listed companies. Participation in the Singapore Exchange Research
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 42 1 SGX f|ll§||- PROPERTY SME INC BE INSPIRED I Trading volumes lili|s§o| Growth in office occupancy Improving credit risk Zap for daily inspiration, down in July Jjft^P^^fS costs tapering off management Win a Zegna Sport page3 ili'idyli backpage page 10 i-PodJacket! page 19
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 56 2 PRICING pressures and attracting good staff are the biggest challenges facing businesses' procurement departments, according to an Ernst Young survey. It found 33 per cent think downward pressure on prices will have the biggest impact in the next two years on supply
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      • 50 2 TRADING volumes on the Singapore Exchange have shrunk sharply as growth slows and risk aversion kicks in. Monthly trading volume has nosedived 44 per cent since the start of the year to 24 billion units in July. TOP STORIES, PAGE 3
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      • 58 2 COSCO Corp (Singapore) continued its good form in the second quarter with a 60 per cent rise in profit to $128.7 million on a doubling of turnover to $1.05 billion. First half turnover also doubled to $1.76 billion while profit rose 74 per
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      • 53 2 ARA Asset Management yesterday said that its second-quarter net profit rose 130 per cent to $8.9 million from $3.9 million a year ago as it benefited from an increase in the property values and net property income of the Reits it manages. COMPANY
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      • 72 2 ESCAPING a leadership role in property developer Far East Organization was never an option for chief executive Philip Ng because of the "conditioning" he and his brother had received from their father and Singapore's richest man, Ng Teng Fong. "We were born into
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      • 53 2 LAWYERS, rather than law firms, are expected to benefit the most from the proposed liberalisation of the legal sector in Singapore, according to interviews with four prominent practitioners carried in a recent issue of Inter Se, the Singapore Law Academy's magazine. SINGAPORE
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      • 48 2 THE United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, says influential economist and New York University professor Nouriel Roubini. ECONOMY WATCH, PAGE 14
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      • 54 2 ECONOMIC and political uncertainties may be clouding the Malaysian stock market, but a market bull contends the end of its bearish cycle was probably reached last month. Capital Dynamics Asset Management managing director Tan Teng 800 says political problems are a "temporary
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      • 65 2 CHINESE banks hold three of top six spots among the world's largest financial companies based on market value, even though their shares fell more than 20 per cent in Hong Kong trading since October. HSBC Holdings, the biggest non-Chinese bank, is No
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    • 549 2  -  CHUANG PECK MING Jetro survey shows global investors prefer Japan, HK and China for HQ By [SINGAPORE] A recent poll of global investors shows Singapore is not considered the great gateway to Asia it is often said to be. The investors put
      OCO Monitor 2008  -  549 words
    • 729 2 Cayne recounts story in first interview since firm went bust [NEW YORK] Former Bear Steams chief executive James Cayne came close to dying last September from sepsis triggered by a severe prostate infection, Fortune magazine reported yesterday on its website. And though he
      BLOOMBERG FILE PHOTO  -  729 words
    • 560 2 ■AP Sub-prime costs induce sharpest fall since 2001 [LONDON] HSBC Holdings pic, Europe's largest bank by market value, reported yesterday its steepest fall in profit since 2001 as costs for bad US mortgage loans mounted. Net profits for the first half of the
      ■AP  -  560 words
    • 604 3  -  CHOW PENN NEE By [SINGAPORE] Trading volumes on the Singapore Exchange have shrunk sharply as growth slows and risk aversion kicks in. According to data compiled by BT, monthly trading volume on the SGX has nosedived 44 per cent since the
      604 words
    • 457 3  -  CHEW XIANG E&Y poll identifies factors that impact supply chain, procurement By [SINGAPORE] Pricing pressures and attracting good staff are the biggest challenges facing businesses' procurement departments, according to an Ernst Young survey released yesterday. The poll of 257 C-level executives at
      457 words
    • 460 3  -  LEE U-WEN Feedback invited from public, charity sector till Sept 7 By [SINGAPORE] In a bid to enhance public confidence in Singapore's charity sector, all charities may soon have to abide by a new set of accounting standards to ensure better transparency and accountable financial
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  • COMPANY NEWS
    • 522 4  -  VINCENT WEE By Turnover doubles to $1.05b; first time it reports quarterly revenue above $1b COSCO Corp (Singapore) continued its good form in the second quarter, with a 60 per cent year-on-year rise in profit to $128.7 million on a doubling of turnover
      FILE PHOTO  -  522 words
    • 305 4 NEPTUNE Orient Lines (NOL) yesterday appointed Eng Aik Meng as president of its APL container shipping unit, succeeding Ron Widdows, who last month was made group president and CEO. Mr Eng will shortly rejoin NOL from diversified shipping and industrial supply chain
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    • 213 4 Bloomberg SINGAPORE Telecommunications said talks are in progress for it to invest in a Chinese operator, part of plans to drive earnings through emerging markets. "We track the developments closely," chief executive Chua Sock Koong said in an interview at a conference
      Bloomberg  -  213 words
    • 462 4  -  KALPANA RASHIWALA By OFFICE landlord Singapore Land and its parent United Industrial Corporation yesterday both posted improved second-quarter and first-half net earnings. The stronger earnings comprising net profits attributable to shareholders and to minority interests for the two companies were due partly to
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    • 784 4  -  YEN SREENIVASAN IN FOUR days, the option for Singapore Airlines to continue with its bid to acquire China Eastern Airlines will expire. Not surprisingly, speculation has heightened over the possibility that the Singapore carrier could renew its pursuit of the Shanghai-based carrier, a
      BLOOMBERG  -  784 words
    • 363 5  -  UMA SHANKARI Revenue for the period is up 75% to $15.3 m, says the Reit manager By ARA Asset Management yesterday said that its sec-ond-quarter net profit rose 130 per cent to $8.9 million from $3.9 million a year ago as it benefited
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    • 288 5  -  NISHA RAMCHANDANI It cites strong demand and better cost management By BENG Kuang Marine (BKM) posted a group net profit of $3 million for the second quarter of this year, up 90 per cent from $1.59 million for the year-ago period.
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    • 517 5  -  AMIT ROY CHOUDHURY By IN a move that gives more choice to broadband customers, Singapore's smallest telco, Mobile One (Ml), announced yesterday that it will offer fixed broadband services from today. With this, Ml joins Star Hub and Singapore Telecommunications (SingTel) in offering
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    • 342 5 AT d gldllCe 6 months ended June 2008 3 months ended June 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT I PREVIOUS (S m) (Sim) CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS (S$m) (S$m) CHNG 1 CoscoCorp 212.59 122.34 73.8 1764.79 868.13 103.3 128.70
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    • 144 5 WILMAR International said yesterday that it has hired Francis Heng as chief financial officer from Sept 1, confirming a report in The Business Times on Saturday. The agri-business group said that Mr Heng, 48, is now serving notice as group CFO at
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  • Page 4 Advertisements
    • 741 4 A IN THE MATTER OF I THE COMPANIES ACT |CHAPTER 50] m^^mm and in the matter of WWt/rM/m ANSON DYNAMIC PTE LTD 1 (CO. REG. NO.: *****5395Z] (Incorporated in Singapore] GIKEN SAKATA (S) LIMITED A 1-^^ v ol taryLi d ation At an Extraordinary General Meeting or (Incorporated in the
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  • SINGAPORE MARKETS
    • 559 6  -  R SIVANITHY Poor sentiment sees STI spending entire day in negative territory; all 19 sectoral indices finish weaker STOCKS ITH sentiment as weak as it is, how might traders looking to eke out a living survive? It's undoubtedly a tough ask, but one way might be
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    • 90 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 7 5 0 0 0 5 7 5 lanufacturing 36 80 47 12 43 92 54 Commerce 31 18 13 34 22 'pt/Stor/Comms 26 27 :inance 18 19 Construction 11 11 'roperties 24 24 lotels/Rsts
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    • 118 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 11,032 11,032 61,603 61,603 lanufacturing 292,871 16,385 309,256 214,317 1,325 215,643 lommerce 84,699 37,424 122,123 65,146 15,213 80,359 'pt/Stor/Comms 65,908 283 66,191 183,090 90 183,179 :i nance 24,524 30 24,554 214,069 214,071 lonstruction 13,034 2,082 15,116 2,293 84 2,377
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    • 107 6 lapitaLand 5.350 -0.120 Olam 2.180 -0.010 lapitaMall 2.900 -0.060 S IA 14.900 -0.200 jtyDev 10.800 -0.340 SGX 6.690 -0.140 losco Corp 2.970 -0.070 SIAEngg 3.000 -0.030 IBS Grp 19.040 -0.100 SPH 4.010 +0.010 :&N 4.370 -0.040 ST Engg 2.790 +0.020 ient Intl 0.550 -0.010 SembCorp Ind
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    • 377 6  -  CHOW PENN NEE Star Hub Ltd Aug 4 close: $2.79 CIMB, Aug 4 MARGIN compression: We do not anticipate any surprises in Star Hub's Q2 08 results, scheduled for Aug 6. We expect Q2 08 core profit to slip 1.2 per cent q-o-q and 2 per cent y-o-y.
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    • 342 6 CHARTPOINT THE key Straits Times Index (STI) appears to be forming a bearish triangle pattern just as the market is entering the crucial phase of the results earnings season. If the downside support of this triangle formation is breached, the STI is likely to
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    • 543 6  -  LARRY WEE CURRENCIES THE US dollar started off the week by extending its gains of last week versus several Asian as well as European counterparts yesterday, last Friday's fresh US stock market losses notwithstanding. Wall Street was reportedly unnerved last Friday by
      ;: Reuters  -  543 words
    • 4 6 DAILY
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    • 60 6 CLOSE IT OB/OS -202.00 -274.0 IT CADI -*****.00 -161.0 IT 10-day MA -*****.00 -20.00 TSE ST Mid Cap 683.76 -9.15 TSE ST Small Cap 583.17 -3.87 TSE ST All Share 721.58 -7.61 TSE ST China Top 416.55 -5.34 TSE ST China 404.71 -6.28 IOB Catalist 129.76 -1.81
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    • 56 6 VOLUME Yanqzijianq 39,992,000 China Honqxinq 34,498,000 Ocean us 33,942,000 Golden Aqri 32,104,000 Sunmoon 27,319,000 JiutianC 22,384,000 Li Henq 21,020,000 Abterra 20,679,000 Cosco Corp 20,158,000 Ferrochina 20,088,000 VALUE(S) SGX 90,761,975 Cosco Corp 59,285,200 Keppel Corp 47,819,372 DBS Grp 45,626,084 CapitaLand 44,230,034 SingTel 44,211,160 Noble Grp 38,235,553 UOB 38,168,168
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    • 100 6 BY CENTS CLOSE UP LD 10US$ 9000 75.4 0.6 iBS Bk6% NCPS 10 ***** 20.0 0.2 iino-Env 137 11.0 8.7 Teative Tech 593 10.0 1.7 ;cs 119 8.0 7.2 ilandDBePW/***** 39 6.5 20.' itraits Trdi 535 5.0 0.9 :oscoCori IBLePW/***** 18 4.5 33. ISI*****SGAePW*****0 42 4.5 12.0 ;TI 3000SGAePW*****9
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    • 108 6 CLOSE DOWN 3060-189.2 -4.3 IMH ISH 1700 -54.8 -2.3 China H 10US 1580 -54.8 -2.! .oscoCori le2C*****2 297 -37.0 -11.1 At 1080 -34.0 -3.1 ilA 200 1488 -28.0 -1.8 241 -27.0 -10.1 lUE 1250 -20.0 -1.6 I A 1490 -20.0 -1.3 lain 508 -16.5 -2.: BY PERCENTAGE CLOSE DOWN
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    • 86 6 Aug 4 CLOSE CHNG FR Aug 1 YR2008 S$ LOW S$ HIGH USS 1.3720 -0.18 1.4542 1.3457 Euro 2.1380 -0.34 2.2064 2.0474 Pounds 2.7011 0.28 2.8431 2.6568 AS 1.2791 0.18 1.3251 1.2349 Yen* 1.2710 0.07 1.4484 1.2619 Rupiah* 0.***** -0.18 0.***** 0.***** Baht* 4.0906 -0.18 4.4299
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    • 524 7  -  LYNN KAN It is eyeing 38.9% stake for U*****,000; talks to wrap up in a week By DATA storage manufacturer MAP Technology Holdings Limited is in advanced talks to acquire a stake of about 38.9 per cent in Singapore-incorporated Mu-Tech Singapore for U*****,000.
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    • COMPANY BRIEFS
      • 80 7 SINGAPORE Exchange (SGX) and Agricultural Bank of China (ABC) have signed a memorandum of understanding (MOU) to establish the first formal co-operation platform to promote listings on SGX. Under the MOU, both parties will form an information exchange channel on listing matters.
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      • 89 7 THREE companies Ban Leong Technologies, CDW Holding and China Oilfield Technology Services Group have issued profit warnings. Ban Leong expects lower profit for the six months ended June 30, 2008, as compared to HY2007. CDW expects an operating loss for the second quarter and the
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      • 60 7 HI-P International, a global integrated contract manufacturer, reported yesterday that for the second quarter ended June 30, 2008, net profit increased by 101 per cent to $27.1 million from a year ago. This was achieved on the back of a 39.8 per cent rise
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      • 76 7 CHINA-BASED chemical fibre maker FibreChem Technologies yesterday announced a 4.9 per cent rise in net profit to HKslsl.4million(Ss26.6 million) for the second quarter ended June 30. This came on the back of a 10 per cent growth in revenue to HK5505.8 million. For the
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  • SINGAPORE NEWS
    • 540 8  -  JAMIE LEE GLOBAL LEADERSHIP CONGRESS Father's mentorship guided him in his early days: Far East Organization CEO By and LEE U-WEN ESCAPING a leadership role in property developer Far East Organization was never an option for chief executive Philip Ng because of the
      FILE PHOTO  -  540 words
    • 385 8  -  JAMIE LEE Group also looking for 'scalable' Asian acquisitions such as in China, India: CEO By THE recent slowdown in tourist arrivals to Singapore will not affect Raffles Medical Group's (RMG) operations, said chief executive Loo Choon Yong. The company is also looking for
      385 words
    • 379 8  -  EMILYN YAP By RESORT developer and manager Banyan Tree Holdings yesterday said that it is on track to becoming a dominant player in the high-end hospitality sector, and that the emergence of distressed assets in the West could present growth opportunities. Banyan
      379 words
    • 386 9  -  CHEW XIANG The most immediate effect is expected to be the competition for lawyers By LAWYERS, rather than law firms, are expected to benefit the most from the proposed liberalisation of the legal sector in Singapore, according to interviews with
      386 words
    • 236 9 THE Singapore-Israel Industrial Research and Development Foundation (SURD) has enhanced its website to help local firms on the lookout for research and development partners in Israel. The foundation is a joint effort between Singapore's Economic Development Board (EDB) and the Office
      236 words
    • 405 9 1.0-pointgain due to continued rise in new domestic orders By AMIT ROY CHOUDHURY THERE'S some good news for the manufacturing sector in Singapore with July's Purchasing Managers' Index (PMI) indicating that the manufacturing economy expanded for the second consecutive month. The PMI
      405 words
    • SINGAPORE ROUNDUP
      • 69 9 MALAYSIA'S Trade and Industry Minister Muhyiddin Yassin will lead a trade and investment mission to Singapore next Tuesday. The aim is to encourage Singapore companies to invest and do business in Malaysia, and to enhance bilateral economic relations. A dialogue session chaired by Mr
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      • 64 9 THE Singapore Chinese Chamber Institute of Business and Beijing's Tsinghua University are conducting a China Business Practices programme that takes place in Beijing and Singapore. The eight-month programme includes classroom instruction, small group study, visits to Chinese enterprises and a business matching session. The programme, aimed
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      • 33 9 THE Urban Redevelopment Authority's Singapore City Gallery received its millionth visitor yesterday. According to URA. 230,000 people visited the gallery last year, including more than 50,000 students.
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  • Page 8 Advertisements
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  • SMEInc
    • 733 10 Businesses with a casual approach to credit checking have found out to their own cost that extending credit with little or no enquiry can be disastrous, reports OH BOON PING PROFITS and profit margins are perhaps the key statistics in the financial report card of any
      ISTOCKPHOTO  -  733 words
    • 717 10 IT MATTERS Partnering suppliers, clients or businesses can improve service WITH any talk of integration, most business owners would either respond that they are too small, or don't have the time, resources or know-how for integration. They think that integration is only meant for
      LIM WUI LIANG/THE STRAITS TIMES  -  717 words
    • 711 11 THIS WEEK'S TOPIC Should local enterprises collaborate with one another when venturing overseas instead of going alone? Eugene Douglas Gomez Director (Business Development) JEMiSys Software Pte Ltd VENTURING overseas is no longer a luxury, but a necessity for not only GLCs and MNCs, but increasingly
      AFP  -  711 words
    • 807 12 CPA Australia's proposal strikes a balance by requiring a level of accountability that is consistent with the firm's objective and meets the needs of stakeholders ALL Singapore-incor-porated companies registered with the Accounting Corporate Regulatory Authority (Acra) except exempt private companies must submit audited financial
      LAU FOOK KONG/THE STRAITS TIMES  -  807 words
    • 631 12 PRO-ENTERPRISE CHANGES BUSINESSES will find trademark applications and management of trademarks simpler, easier thanks to two new services provided by the Intellectual Property Office of Singapore (Ipos) the Multiclass Trade Mark Application System and the Search and Pick Online Tool. Previously, an applicant who sought
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    • 1005 13 ENTREPRENEURSHIP SERIES The bustling SME community has come a long way since the early days where it was often seen as a group of highly risky businesses, says CHARMIAN KOK IN ALL of lan Macdonald's years in banking, an event that really stuck with him
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  • Page 10 Miscellaneous
    • 58 10 Infocomm Public Education for SMEs The Technology Innovation Programme (TIP) supports SMEs in infocomm innovation projects and helps to defray up to 50 per cent of the qualifying costs. TIP can also defray up to 70 per cent of the qualifying costs for industrywide projects. Find out more about IDA's
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  • Page 11 Advertisements
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  • Page 11 Miscellaneous
    • 87 11 The topic for next week's SME Voices Column is: "As an SME operating here, are you fully satisfied with the business environment, or do you feel that more can and should be done? If so, what would be on your wish list?" If you are an SME owner or leader,
      87 words

  • Page 12 Advertisements
    • 1732 12 IN THE MATTER OF f THE COMPANIES ACT, CAP. 50 > FOOD JUNCTION (COMPANY REGISTRATION NUMBER STAMFORD TYRES CORPORATION LIMITED *****1565 D) Company Registration No: *****4416 M ■■■■■■■■■■■■■■■■■■■■■■■■■H (IN MEMBERS'VOLUNTARY LIQUIDATION) (Incorporated in Singapore) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant lo Section 308 of Ihe companies Act
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  • ECONOMY WATCH
    • 435 14 Taxpayers will have to pay US$l-2t to bail out rest of finance industry [NEW YORK] The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential
      435 words
    • 257 14 Reuters [WASHINGTON] Former Treasury Secretary Robert Rubin said on Sunday that he sees the current uncertain economic situation continuing for "quite some period of time". Mr Rubin, who served at Treasury under President Bill Clinton in the *****, appeared on CBS "Face the
      Reuters  -  257 words
    • 446 14 Reuters [DUBAI] Recent weakness in oil prices will not dent growth in the Gulf Arab states, which are experiencing both record expansion and inflation as the energy exporters reap windfall profits, economists say. Gulf states will still book windfall returns
      Reuters; AFP  -  446 words
    • 389 14 Reuters [SEOUL] There is no problem with South Korea's external payment capability despite a record monthly drop in foreign reserves in July, senior officials at two of the world's top credit rating agencies said yesterday. But if the decline becomes a long-term
      Reuters  -  389 words
    • 666 14 Reuters [WASHINGTON] The International Monetary Fund (IMF) is compiling a guide on how its rules on global currencies should be implemented, but the effort is sparking concern among members that China will see it as a way to compel it to
      Reuters  -  666 words
    • 435 14 -Reuters [MELBOURNE] Thailand's finance minister warned against another rise in local interest rates yesterday, saying inflation had peaked and adding that he planned further stimulus measures to keep economic growth on track. Economists expect Thailand's central bank to raise rates at its next policy
      -Reuters  -  435 words
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  • MALAYSIA/INDONESIA
    • 632 15 Capital Dynamics sees clearer picture emerging after Umno polls in Dec By PAULINE NG in Kuala Lumpur ECONOMIC and political uncertainties may be clouding the Malaysian stock market, but a market bull contends the end of its bearish cycle was probably reached
      AP  -  632 words
    • 226 15 Xinhua Suspect in graft case says 2 officials took central bank funds [JAKARTA] Indonesian President Susilo Bambang Yudhoyono yesterday said that he would sack two of his ministers should they be found guilty in a graft case. Mr Yudhoyono has been combating rampant
      Xinhua  -  226 words
    • 382 15 Trade surplus for the month is up 47.7% to RMl2.9b [KUALA LUMPUR] Malaysia's total trade in June 2008 rose 15.6 per cent year-on-year to RM103.5 billion (5543.5 billion), riding on the upward momentum in exports and imports. The country's exports surged by 18.4 per
      382 words
    • 329 15 Bloomberg Government will revise expansion target says minister [KUALA LUMPUR] Malaysia's economic growth will slow in the second half of the year from the first six months as higher fuel prices weigh on consumer spending, a minister said. The government
      Bloomberg; FILE PHOTO  -  329 words
    • 463 15 Bloomberg [JAKARTA] Indonesia's central bank may raise its benchmark interest rate for a fourth straight meeting after inflation jumped to a 22-month high in July. Governor Boediono and his seven colleagues will increase the policy rate by a quarter-point to 9 per
      Bloomberg  -  463 words
    • 2230 15 Aug4 Aug 4 RM ASM Realty 0.46 AbricBhd 0.17 Advance Synergy 0.10 Adventa Bhd 0.93 AeMultiHIdgs 0.21 Affin Holdings 1.86 Ahmad Zaki Resou 0.72 AicCorp 0.55 Airasia Bhd 1.10 Akn Technology 0.40 Alliance Financi 2.76 Aluminium Co 1.06 Amalgamated Ind 0.54 Ammb Hldgs Bhd 3.26 Amtel Holdings 0.58
      2,230 words

  • GREATER CHINA
    • 732 16 Bloomberg Its banks hold 3 of top 6 spots among world's largest financial firms [HONG KONG] China already has won most of the medals in the financial Olympics by avoiding the toxic debt investments that devastated banks in the United States and
      Bloomberg  -  732 words
    • 390 16 AFP They lose thousands in apparent global online swindle [SYDNEY] Scores of Australians have been caught in an alleged global scam believed to have conned people worldwide into buying non-existent tickets to the Beijing Olympics, according to reports here yesterday. The Sydney Morning
      AFP; REUTERS  -  390 words
    • 735 16 -NYT [BEIJING] Surface-to-air missiles take aim at the sky above the Olympic stadiums here. Surveillance cameras mounted on light poles scan sidewalks. Police officers search thousands of cars and trucks entering the city every day. Even civilians have been called on
      -NYT  -  735 words
    • 469 16 Bloomberg Company's inclusion could come at Yue Yuen's expense, some contend [HONG KONG] China Cosco Holdings Co, the world's largest operator of iron-ore and coal ships, may join Hong Kong's Hang Seng Index and sports-shoe maker Yue Yuen Industrial (Holdings) Ltd may be removed
      Bloomberg  -  469 words
  • Page 16 Advertisements
    • 96 16 PULSES out now! The August issue of Pulses is now at the newsstands! Find out more about: Cover story: Is the Beijing 2008 an Olympian mirage? Corporate analysis: F&N's unique business mix Freight Link's rise from zero to hero CEO Chat: Ascendas India Trust CEO's passage to India Market insights:
      96 words

  • INDIA
    • 587 17 Bloomberg Members to slash items banned from trading and include services in FTAs [COLOMBO] India, Pakistan, Sri Lanka and five other South Asian nations pledged to cut trade barriers to spur growth, underscoring the importance of regional groupings after the collapse of
      ■ Bloomberg; AFP  -  587 words
    • 282 17 Bloomberg [MUMBAI] State Bank of India, the nation's largest by assets, may increase interest rates for the second time in less than two months after the central bank raised borrowing costs to a seven-year high last week. The prime lending rate that
      Bloomberg  -  282 words
    • 241 17 Reuters [MUMBAI] Television advertising in the United States is good and holding up well in Britain, while Asia is a long-term bet on the emergence of an educated and wealthy middle class, the chief of News Corp said yesterday. Rupert Murdoch, who is
      Reuters  -  241 words
    • 8479 17 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.044/ AIGIF S'pore Bond Fund/ A 1.337/ 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 0.9723/ APS Komaba
      8,479 words

  • ASIA-PACIFIC/WORLD
    • 665 18  -  ANTHONY ROWLEY Markets are not placing great store by its promises of action, however By in Tokyo JAPANESE Prime Minister Yasuo Fukuda's new Cabinet will come up with measures to support the country's flagging economy by the middle of this month, newly appointed
      AP  -  665 words
    • 415 18 Reuters [BEIJING] Tokyo will offer a blueprint for the regeneration of the world's mega-cit-ies for the 21st century if it is successful in its bid to host the 2016 Olympic Games, Japanese officials said yesterday. The Japanese capital, which was the first
      Reuters  -  415 words
    • 507 18 Reuters [MOSCOW] Alexander Solzhenitsyn, the Soviet dissident writer and Nobel literature prize winner who revealed the horror of Stalin's camps to the world, died late on Sunday aged 89, Russian news agencies reported. Itar-Tass news agency quoted Solzhenitsyn's son Stepan as saying the
      Reuters; AP  -  507 words
    • 436 18 Reuters [SEOUL] South Korean activists said yesterday they planned a large candlelight rally to protest US President George W Bush's visit today and demand the two countries scrap a widely criticised beef import deal. Mr Bush is expected here to shore
      Reuters  -  436 words
    • 167 18 Bloomberg [TOKYO] Itochu Corp, a Japanese trading house, will form an alliance with Cofco Ltd, China's largest grain processor, for cooperation in food purchases as they aim to strengthen bargaining power in the global market. The companies have set up a working team
      – Bloomberg  -  167 words
    • 642 19 Bloomberg Net income probably rose 23% to USsl.6Bb from USsl.37bayearago [LONDON] Standard Chartered Pic may be alone among Britain's largest banks in posting an increase in first-half profit, helped by higher corporate banking revenue from India and Hong Kong. Net
      Bloomberg; RLE PHOTO  -  642 words
    • 275 19 Reuters [WASHINGTON] Senator Barack Obama's conversion in favour of offshore drilling on the road to the White House will ease the standoff in the US Congress over energy but forging a veto-proof bill still faces big hurdles. The Democratic presidential candidate said
      Reuters  -  275 words
    • 419 19 Reuters, AP LATEST US DATA [WASHINGTON] US incomes rose at the lowest rate in over a year during June, the government reported yesterday, and inflation showed signs of picking up speed. The US Commerce Department reported that personal incomes barely edged up 0.1
      Reuters, AP  -  419 words
    • 912 19 -AP [BOSTON] The rich are sharing America's financial pain and contributing to it. It may have taken longer and it may not be as acute as for the middle class, but there are early hints that the economic slump is crimping the lifestyles
      -AP; BLOOMBERG  -  912 words
    • 370 19 Reuters [AMSTERDAM/BRUSSELS] Belgian-Dutch financial services group Fortis NY reported its net profit halved in the second quarter on writedowns, and said it would push forward with plans to improve its capital base. Fortis, which has replaced top management and pledged better communication with shareholders
      ■ Reuters  -  370 words
  • Page 18 Advertisements
    • 58 18 THE* ARE sxc says but naTHinc that she catvt H^nffiE!.' Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. ff Monday to Friday, 6AM -10AM. /J RADEO 100% PUREFUK Find of the day: World beating swim 1952 Mm wS'lCfti^- ye n*° the amazing, K^HP^fl'l^^ strange and
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    • 40 18 LXUhnd the ones byr Uf J THAT FIT! H p^/ Recruit the right people 1 3 through CATS Recruit. f > fn Call 1800 289 8822 or email \/-> /^«J I v VX^\recruit@isph.com.sg j 1/ to advertise. P^ I 1 L y_
      40 words


  • WORLD
    • 670 20 Bloomberg, Reuters Closure of USs4oom fund marks end of a firm set up with aim to attract USs2ob [NEW YORK] Citigroup Inc is closing a US$4OO million convertible arbitrage fund, the final step in winding down its US$2 billion Tribeca Global Investments
      Bloomberg, Reuters  -  670 words
    • 101 20 AN aerial view of the Marienplatz square in Weilheim, southern Germany, with a colourful reproduction of a Kandinsky work painted on the pavement. After almost three weeks of work for the project 'Em Kandinsky fuer Weilheim' (A Kandinsky for Weilheim), more than 500 pupils and citizens of
      AFP  -  101 words
    • 350 20 Reuters [LONDON] Swiss bank ÜBS AG told London's High Court that rival start-up Vestra Wealth, backed by US bank Goldman Sachs, had illegally poached its staff and gained a headstart in attracting its clients. On Friday, ÜBS sought a "springboard" injunction against
      Reuters  -  350 words
    • 195 20 [BANGALORE] A US overhaul of insider trading investigations is due to be agreed as early as this week as regulators address growing concerns about illegal activity on global markets, the Financial Times reported on Sunday, citing people involved in the talks.
      195 words
    • 500 20 Reuters NEWS ANALYSIS Uncertain economy, mortgage woes, high fuel prices cited [NEW YORK] Falling home prices, an uncertain economy and US$4 gasoline are making more US workers think twice about switching jobs. Workers have in recent months become less willing to
      – Reuters  -  500 words
    • 861 20 NYT And its impact will be much worse than that of sub-prime, say analysts [NEW YORK] The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with
      NYT  -  861 words

  • AVIATION
    • 594 21  -  YEN SREENIVASAN lata says it dropped to 3.8% in June, hit by economic slump and pricier tickets By [SINGAPORE] International air passenger traffic growth has slowed to its lowest level in five years, hit by the economic slowdown and soaring ticket prices. The
      594 words
    • 2506 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
      2,506 words
    • 375 21 NYT [FRANKFURT] Lufthansa and its main union ended a five-day strike on Friday last week. The stoppage had disrupted air traffic in Germany and highlighted the pressure for higher wages in Europe amid lofty energy and food prices. Lufthansa, the largest European airline after
      NYT; REUTERS  -  375 words
    • 199 21 lata's e-freight goes 'live 7 in South Korea Bernama [KUALA LUMPUR] The International Air Transport Association's (lata) e-freight has gone "live" in South Korea, the first new location to do so this year. In a statement here yesterday, lata said the e-freight, led by South Korea's Customs Service and with
      Bernama  -  199 words
    • 382 21 Bloomberg [SYDNEY] Qantas Airways Ltd remains among the safest airlines in the world, outgoing chief executive officer Geoff Dixon said following the third incident involving one of its aircraft in 10 days. "We are very confident with what we do," Mr Dixon, 68,
      Bloomberg  -  382 words
  • Page 21 Advertisements
    • 132 21 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Tokyo $4,191 $459 $103 Northwest Northwest DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $708 (Thai Airways) $120 (Thai Airways) $99 Rain Jakarta $454 (Garuda Indonesia) $90 (Garuda Indonesia) $52 Rain Hanoi $546 (Vietnam
      132 words
  • Page 21 Miscellaneous
    • 352 21 CRYPTIC CROSSWORD ACROSS 1 Cheers up (8) n r r i n i r$ 10 Pine, and woman's heart is I^H I 1 j I 11 Nice word for a speculator? M JBi JBI Iffffß 13 Dealing honestly with loud H music and acts (4,4) Bfi |^p |H| IHR^^H IBS
      352 words

  • EDITORIAL & OPINION
    • 498 22 TWO weeks ago, the US Securities and Exchange Commission (SEC) banned "naked" short-selling of 19 large financial stocks traded on the New York Stock Exchange, (NYSE) including the beleaguered Fannie Mac and Freddie Mac. The SEC described naked short-selling as "unlawful manipulation" and claimed
      498 words
    • 963 22  -  GRACE TIAN Shrinking exports, rising costs, slumping property market could slow GDP growth to 9% By PREMIER Wen Jiabao warned that this year would likely be the most difficult time for China's economy. So far, the premier's words in March after the
      REUTERS; Ministry of Comme  -  963 words
    • 797 22  -  PAUL KRUGMAN THE BOTTOM LINE A YEAR ago, as the outlines of the current financial crisis were just becoming clear, I suggested that this crisis, unlike a superficially similar crisis in 1998, wouldn't end quickly. It hasn't. The good news, I
      797 words
    • 2149 23  -  LARRY ROHTER NYT High oil prices are forcing them to reduce outsourcing of the assembly of their products By WHEN Tesla Motors, a pioneer in elec-tric-powered cars, set out to make a luxury roadster for the American market, it had the global supply chain in mind. Tesla
      NYT; REUTERS  -  2,149 words
    • 296 23 LETTERS TO THE EDITOR ANECDOTALLY, private residential property prices in Singapore are now at or near their highest. Paradoxically, however, URA's Private Residential Property Price Index appears to suggest otherwise. When asked about his outlook for the Singapore residential property market, Capita Land group
      296 words
    • 233 23 I REFER to the article entitled "Safety in Reits? Don't count on it: analysts" (BT, Aug 4). The article mentioned that Reits are not necessarily defensive plays as these are subject to the cyclical property sector. While this association is generally true for
      233 words

  • Page 23 Advertisements
    • 28 23 CATS Recruit The-first step on your ladder to success <: < o Lianhe Zaobao I —I I —I 1 I China's property I bubble may burst after the Games ftiiHjßEKflf
      28 words

  • SHIPPING
    • 448 24 Bloomberg Observers expect offer of A 54.40 a share in cash to be raised [HONG KONG] TPG Capital, the buyout arm of David Bonderman's TPG Inc, and Global Infrastructure Partners offered A 52.9 billion (553.7 billion) for Asciano Ltd, the Australian port and rail
      Bloomberg; BLOOMBERG  -  448 words
    • 528 24 Reuters Increase in fleet aimed at boosting business with Asia [SHANGHAI] Brazilian iron ore miner Vale has ordered a dozen of the largest class of ore carriers from a Chinese shipbuilder for US$l.6 billion, aiming to boost business with fast-growing Asian customers.
      – Reuters  -  528 words
    • 205 24 Bloomberg -[LONDON] Supertanker owners are leaving more ships at anchor after rising fuel costs and the biggest weekly slump in hire rates for at least a decade made it less attractive to deliver cargo. The number of very large crude carriers, or VLCCs,
      Bloomberg  -  205 words
    • 320 24 AFP [MANILA] At least five toxic pesticides and other poisonous substances are still on board a Philippine ferry that sank during a typhoon and left nearly 800 people dead, a report released yesterday said. The toxins were not leaking out of the
      AFP; REUTERS  -  320 words
    • 295 24 Bloomberg [HONG KONG] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipbuilder, fell the most in more than six months in Seoul trading, pacing declines in South Korean shipyards on concerns of more order cancellations. Daewoo Shipbuilding dropped 12 per cent to 36,350 won at 10:21
      Bloomberg  -  295 words
    • 124 24 Reuters [SHANGHAI] Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Co Ltd aims to raise more than US$2 billion through an initial public offering overseas, a company source familiar with the matter said yesterday. The timing of the listing will depend on market conditions but the company is proceeding
      ■ Reuters  -  124 words
    • 472 24 ■AP Tug captain, tanker pilot summoned to hearing on Aug 12 [NEW ORLEANS] The pilot of a massive tanker involved in a collision on the Mississippi River repeatedly warns a tugboat pushing a barge to get out of the way, but no one
      ■AP; REUTERS  -  472 words
    • TRANSPORT STOCKS
      • 110 24 '000 it Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.58 0.36 2.97 0.78
        110 words
      • 37 24 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.75 unch 8.70 3.68 3.04 0.16 unch -0.04 unch 0.05 -0.02 -0.04 -0.01 unch 12 0 448 188 19 45 0
        37 words
      • 14 24 '00 Bahl Vol Precious Ship Regional Cont .19.60 .14.70 0.50 0.30 379 280
        14 words
      • 15 24 '000 Aug 4 HK$ Vol Ooil Singamas Cont .32.80 ...1.92 -1.80 unch 1771 278
        15 words
      • 26 24 '000 Vol Aug 4 Peso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 29.50 unch unch unch -0.50 unch unch 500 52 0 0
        26 words
      • 24 24 NTS Vol Evergreen Marine ...19.90 First Steamship 58.20 Wan Hai Lines 17.80 Yang Ming Marine...18.70 0.05 1.20 -0.50 -0.05 6 4 4 3
        24 words
      • 42 24 '000 Yen Vol Kawasaki Hvy Ind ..244.00 -14.00 ***** Kawasaki Kisen 768.00 -73.00 ***** Mitsubishi Hvy 498.00 9.00 ***** Mitsui Eng&Sbldg...303.00 -15.00 ***** Mitsui Osk Lines ...1288.00 -73.00 ***** Nippon Express 464.00 -17.00 4611 Nippon Yusen 864.00 -53.00 8559 Source: Reuters
        42 words

  • SINGAPORE STOCKS
    • 5732 25 Transaction date: Aug 4 52-wks Tel |h Low Code Com[ Last Sale Vol ('000) Hi i Day Last Quote Div GrYld Net )h Low Buyer Seller C'vr P/E M Cap $mil 52-wks Tel High Low Code Last Sale Vol Day < Last Quote Div GrYld Net ('000) High
      5,732 words
    • 70 25 52-Wk Tel High Low Code Last Sale Vol COOP) Day Ih 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 ISMSCI Spore 6101 ISS&P5OO 6170 SPDRS 398.3 288 6009 STI ETF
      70 words
    • 1794 25 Hii Low Code Comi Sale COOP] Hii Low By Seller Cvr P/E ,mil 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 s Afor 42 9.5 1524 s Alantac 20 8.5 7814 s
      1,794 words
    • 199 25 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 offer
      199 words
  • Page 25 Advertisements
    • 57 25 i i. .1 i M ii i i i i i i- i- i- i ~,A i- i- Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^??4^^g£^'*?^^^j^ '".'.--.i^.~ Q-~~^jf' >'~'-"*iH*TK'' 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -J&irw-^^fer^—^sS3'"- J^ '"^_^".'ll'lu^ g 'mmL^J CTS
      57 words

  • FINANCE & COMMODITIES
    • 372 26 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug 1 World Index Preliminary 947.0 -0.9 -16.3 -0.6 -18.7 -0.9 -14.1 t EAFE Preliminai 893.6 -1.5 -20.3 -1.3 -20.8 -1.6 -16.9 Euro[ Prelim inan
      372 words
    • 60 26 Aug 4 lelivery lonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position \ug 08 2862 iep 08 2850 Dct 08 2850 tov 08 2850 rota I o/p: ***** contracts 2896 2897 2862 2890 2900 2827 2890 2897 2820 2890 2895 2824 Turnover: ***** Market
      60 words
    • 25 26 Aug 4 ten Hii Sett STI SIMSCI Am 352.4 353.4 350.2 Taiwan Aug 264 267.6 265.9 Source: MF Global (S) He. Ltd
      25 words
    • 21 26 Aug 4 Bid Offer 1-month 1.3685 1.3707 2-months 1.3664 1.3687 3-months 1.3644 1.3667 6-months 1.3589 1.3614 Source: OCBC
      21 words
    • 156 26 Aug 4 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2770 1.2796 0.9316 0.9321 Canadian dollar 1.3318 1.3340 0.9715 0.9717 Euro 2.1357 2.1394 1.5580 1.5584 NZ dollar 0.9974 0.9999 0.7276 0.7284 jterlini ind 2.6991 2.7036 1.9690 1.9694
      156 words
    • 279 26 Aug 4 tUBBER Futures (Closing prices) !SS 1 (S cents/kg) lonth High Low Close Sett Volume (tonnes) Open Interest iep 08 3d 08 Mov 08 Dec 08 Ian/Mar 09 <\pr/Jun 09 424.00 418.50 417.00 415.25 412.75 414.25 RSS 3 (US cents/kg) Month HJS gh Low Sett Volume (tonnes)
      279 words
    • 130 26 As at 9am Aug 4 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2660 1.2820 Can dollar 1.3240 1.3410 Euro 2.1220 2.1460 NZ dollar 0.9880 1.0110 Sterlini 2.6900 2.721 US dollar 1.3620 1.3780 Local dollars to 100 units of foreign currency:
      130 words
    • 171 26 Aug 4 $S Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 3/8 US$ 3/8 3/4 15/16 1 Offer 1/4 5/8 13/16 7/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.45 2.62 2.82 3.02 3.18 3.30 3.40 Offer 2.35 2.52
      171 words
    • 465 26 Aug 4 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.959 6.392 0.598 7.272 39.534 84.775 1.005 9.476 3.045 1.280 67.000 41.386 1.278 6.752 0.976 28.586 31.264 0.473 0.932 Canada 1.043 6.664 0.624 7.583 41.221
      465 words
    • 187 26 Aug 4 GOLD (USS/oz) Aug 01 Aug 04 GOLD BULLION COINS (S$) Sellim Hong Kong London 907.80 912.00 908.80 913.00 Jul 31 Aug 01 916.60 90.90 917.60 914.90 Source: Reuters 6$) Selling Buying 1 oz 1402.77 1263 UBS GOLD LUNAR KINEBAR 6$) Selling Buying 10gm $492.20 403 SILVER
      187 words
    • 69 26 Augl\ iri iiuiii, yy.i (US$/tonne) Close Previous Cash 2884.40 3 months 2934.00 2929.50 2979.00 Copper, Grade A (US$/tonne) Cash 3 months 8073.00 7900.00 8245.00 8055.00 Lead (US$/tonne) Cash 2137.50 3 months 2126.00 2234.00 2210.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • 77 26 Aug 1 COCOA (Btonne) Close Prev Hii ih/Low SepO8 1602 1518 1611/1520 Dec 08 1586 1510 1592/1506 Mar 09 1576 1500 1585/1505 May 09 1581 1505 1588/1524 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2445 SepO8 2430 2408 2461/2385 Nov08 2380 2357 2410/2339 Jan 09 2298 2277 2326/2260 SUGAR
      77 words
    • 76 26 Aug 4 1 mth 2 mths 2.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 2.***** 0.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs
      76 words
    • 90 26 Aug 4 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****F 06.11.08 1-Year BY*****N 04.05.09 0.45 0.71 0.45 0.44 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • 101 26 Aug 1 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 08 1357.75 1395.75 1404.00 1355.00 Sep 08 1355.50 1394.25 1399.00 1353.50 Nov 08 1365.00 1404.00 1409.00 1364.00 Jan 09 1383.00 1422.00 1419.00 1381.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 08 56.61 58.26 58.15 56.40
      101 words
    • 77 26 CRUDE OIL PRODUCTS Aug 1 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 124.83 0.57 WTI (Near Mth) 125.01 0.83 Dubai (1-Mth F) 120.43 -3.21 Tapis blend 131.8 -4 Minas 127.2 -4 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 115.35 150.80 -4.05 -3.9 US$/barrel Opec Oil
      77 words
    • 294 26 Aug 4 EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 96.9100 96.7550 6385 2821 EUROYEN TIBOR FUTURES SepO8 99.160 99.160 DecO8 99.160 99.160 MarO9 99.145 99.145 JunO9 99.090 99.105 SepO9 99.060 99.060 DecO9 98.970 98.970 Mar10 Jun10 99.160 99.160 99.145 99.085 99.055 98.970 99.160 99.165 99.150 99.095 99.030 98.965
      294 words
    • 1155 26 BONDS WARRANTS Tel Code Company Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 4018 DBS BNP ECW*****9 20.5 4473 DBS BNP EPW*****0 28.5 -3.5 20 -1.5 50 0.1 1988 0.2 1918 17 2 SIABNPECW*****5 4.5 4298SIADB ECW*****2 17 -0.5
      1,155 words
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  • Page 27 Advertisements
    • 2274 27 Mlm The Business Times mmM Shipping Times m B^^B J^Eu[w^O^fS!WEmlHj fll f WAN HAI INTERNATIONAL PTE LTD M. flft PVI H^g||^|uyß ■■Hlist^rJtMiSlllllil^ailH IVxTTV iaia m uai iiurr «L6226i588 ih lines) fax: *****163 1 *A«^:||||ri(^:||| BBTBaSHBGnMBaaSSaiIiM ÜBMIKIISi&I&^WIItSSISSIU I VNra I WAN HAI INtS Cusloinet Setvke/Booliing« Krecr line <IS00) *****200 h^^^dAJl^aMglfl ■H'liJßWlW'Rilwiililifiß
      2,274 words

  • Page 28 Advertisements
    • 3134 28 \ni AUSTRAL ASIA LINE hh p F^^ I C^ Sjl£ r////< r ASIA AUSTRALIA SERVICE J"-/'tai (mlmu-i 1(1 Si-dUI. fi^'l H 'mm/ fl Kfli KH MM MM MM_ i____^^^^^^n_^_^_G_^_Hi_^_H_^_^K_^_H_^_^___M l__L___l-_> weekly express sailing schedule CAPE CONWAYIOAB IVOB 19/08 1V0? 18/0? 22/09 26/09 Mfffl-I HJj_EffTßlFTl_7i_nfitlWTnE_WTO^^ I .:H'i..ni..Mii::i li I" M I"
      3,134 words

  • Page 29 Advertisements
    • 3310 29 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
      3,310 words

  • INDUSTRIAL SPACE
    • 1265 30 JTC has helped to spring Singapore to life, starting with the 'lost region' of Jurong, says CLARISSA TAN IT TAKES guts, not to mention imagination, to look at hectares of crocodile-infested swampland and picture a thriving industrial centre. Guts and imagination were what Singapore
      ST FILE PHOTO  -  1,265 words
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    • 111 30 I So, how does a big idea fly? J^&E^ Park Seletar Aero+sPace will be a dedicated aerospace park designed to strengthen Singapore's position in the aerospace industry. Its integrated environment will enhance the comprehensive facilities currently enjoyed by world-class aerospace companies in Singapore. It will be the perfect launch pad
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    • 13 30 This series is brought to you in conjunction with JTC's 40th anniversary. -■-years
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  • PROPERTY
    • 417 31 Rev- Little doubt that sector is now in recession: Global Insight economist [LONDON] British construction activity fell at a record pace in July, a survey showed yesterday, as the credit crunch takes an increasing toll on the property market. The Chartered Institute
      Rev-  -  417 words
    • 385 31 Bloomberg [SYDNEY] Australian house prices fell in the second quarter for the first time in almost three years as the highest borrowing costs since 1996 deterred home buyers. An index measuring the weighted average of prices for established houses in the nation's eight capital
      Bloomberg  -  385 words
    • 477 32  -  UMA SHANKARI DTZ Research Prime Raffles Place space up only 1.1% quarter on quarter: DTZ report By GROWTH in office occupancy costs in Singapore has started to taper off after the meteoric rise last year, reflecting the increased resistance to higher
      DTZ Research; FILE PHOTO  -  477 words
    • 753 32 Bloomberg [SYDNEY] Lend Lease Corp, the Australian developer that is building London's Olympic Village, said net income fell 47 per cent as the company wrote down its UK assets for a third straight year, driving its shares to the lowest since 2000.
      Bloomberg  -  753 words
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    • 1210 31 Luxury living Orchard Road Shopping belt in Districts 9&10 a Draycotl 8:2 bedrooms Sky Suites Loft IA bedrooms Sky y las S Penthouse Anencan Tanglin Club Ardmore II: 4 bedrooms Study Near Shangrila Hotel St. Regis Residences 3&4bedrooms-Within SI Regis Hotel t> Cliveden Grange: 3& A bedrooms 36€ degrees panoramic
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    • 89 32 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications" folder
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