The Business Times, 12 August 2008

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Microfilm: NL29448
Total Pages: 32
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, August 12,2008
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  • Article
    Lock icon Brighter signs behind sombre headlines
    552 1  -  VIKRAM KHANNA COMMENTARY Slowdown is not broad-based and laggards may roar back to life soon I F THERE were any lingering illusions about the I Singapore economy's ability to "decouple" from I a global economic slowdown, the second-quar-I ter Economic Survey would have put paid
    552 words
  • Article, Illustration
    Lock icon MTI expects a lingering slowdown, sluggish rebound
    771 1  -  ANNATEO Price fears ease but Q2 growth down to 2.1% on pharma swings and electronic weakness [SINGAPORE] Concern here over price pressures will likely take a back seat to growth risks in the months ahead, as global inflation looks to be peaking but
    771 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 lorn iam 1 COMP 1,127.46 +7.15 IIKKEI 225 13,430.91 +262.50 IANG SENG 21,859.34 -25.87 ;et INDEX 702.93 +12.23 JAKARTA COMP 2,133.92 -62.01 1ANILA COMP 2,768.52 +75.71 ;eoulcomp 1,581.09 +12.37 iHENZHEN B 383.06 -21.02 IUMBAI IND 15,503.92 +336.10 NOON EDT Cham )OW 11,785.61 +51.29
      44 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.645 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      42 1 us$ S$ IS$ (S$ per US$) 1.403 (USS/SS per 1.923 2.698 iURO (US$/S$/E) 1.504 2.111 'EN 109.80 78.20 3.317 2.364 IK$ 7.811 5.566 !AHT 33.74 24.04 lUPIAH 9,175 6,538 1ENMINBI 6.859 4.888 INDIAN RUPEE 42.08 29.99 1.119 0.797 IZ$ 1.414 1.008
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      94 1 PROPERTY I SME fSSIK^s, I COMMENTARY I BE INSPIRED sjb A M'sian developer Branding drives lsJ^t> Will falling bids lead Zap for daily inspiration. t m mVm SDB launches first this burger '^J^l to tweaking of GLS? Win a Zegna Sport (lUill project here page 32 business page 12 IC
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  • TOP STORIES
    • Article
      Lock icon Will falling bids lead to tweaking of GLS?
      730 12  -  KALPANA RASHIWALA COMMENTARY Rising costs leave many developers with hands tied but govt retains options WILL the Government Land Sales (GLS) Programme fizzle out because developers are offering low land bids in the face of rising construction costs? Two suburban condo sites
      730 words
    • Article
      Lock icon Maybank, regulator meet over Bll deal
      353 12 Reuters, Bloomberg [JAKARTA] Malaysia's top lender Maybank yesterday met Indonesia's capital market watchdog following its stalled plan to gain control of Bank Internasional Indonesia (BII), officials said. Maybank chief executive Abdul Wahid Omar, who is keen to push for the acquisition following endorsement from
      Reuters, Bloomberg  -  353 words
    • Article
      Lock icon Thailand to seek Thaksin's extradition
      543 12 [BEIJING] Thailand will seek former Prime Minister Thaksin Shinawatra's extradition from Britain after the billionaire owner of Manchester City football club skipped bail and failed to appear before a court to face corruption charges. Mr Thaksin said in a statement from London that his political
      543 words
    • Article, Illustration
      Lock icon Temasek hires Morgan Stanley banker Michael Dee
      320 12 Reuters [SINGAPORE] Temasek Holdings has hired Morgan Stanley investment banker Michael Dee, the company said yesterday, and sources said that he will join a team that runs its new international division. The division, which is being formed as part of an internal revamp,
      – Reuters  -  320 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon S'pore non-oil exports may fall by up to 4%
        72 12 SINGAPORE'S key non-oil domestic exports (NODX) are tipped to fall as much as 4 per cent this year the first drop in seven years as global demand slows for the rest of 2008. International Enterprise Singapore has again slashed its full-year
        72 words
      • Article
        Lock icon OCBC unveils 10m preference share offering
        51 12 JUST two months after it launched a $1 billion preference share offering, OCBC Bank is launching another issue of 10 million preference shares to raise up to $1.5 billion. The non-convertible and non-cumulative preference shares will be offered at $100 each. COMPANY NEWS, PAGE
        51 words
      • Article
        Lock icon SingTel leads mobile subscriber gains in Q2
        70 12 THE first bout in Singapore's re-invigorated mobile landscape has gone the way of Singapore Telecommunications, with the company reporting the largest increase in cellular subscribers in the second quarter of this year. Sing Tel added 182,000 new local customers in the three months
        70 words
      • Article
        Lock icon Ho Bee's Q2 net profit falls 70% to $37m
        55 12 HO Bee Group has announced a net profit of $36.96 million for the second quarter of 2008, a 70.4 per cent fall from $125.1 million a year ago. Revenue came to $116.8 million, a 27 per cent slide from $160 million
        55 words
      • Article
        Lock icon Clear skies over Singapore for now: Merrill Lynch
        56 12 THE outlook for the Singapore economy is bright, according to Merrill Lynch. As improbable as the forecast sounds with the government cutting expectations for GDP and raising them for inflation Merrill reckons that the economy would accelerate and the Sing dollar would
        56 words
      • Article
        Lock icon Paulson wary of another round of economic aid
        66 12 US Treasury Secretary Henry Paulson says there's a lot of truth to President George W Bush's comment that Wall Street "got drunk and now it's got a hangover". Mr Paulson is also taking a wait-and-see approach on a possible second round of
        66 words
      • Article
        Lock icon Rate outlook seen weighing on KL bonds
        64 12 MALAYSIA'S government bonds may hand investors a quarterly loss on speculation that the central bank would increase interest rates and because of political turmoil in the country, according to HSBC Holdings pic. Heightened political risk may spark bond redemptions by overseas investors, said
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      458 12 I atM m7a\ a\!CmW^^jnt 111 I ItTSI JB^^iWlW[wTsfl US GAAP Seminar Dates Following the successful US Generally Accepted Accounting Principles (US Monday, 18 August 2008 GAAP) seminar last year, KPMG in Singapore is organising another run this year. The seminar will cover recent key developments within US GAAP and new
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  • Page 23 Advertisements
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      1279 23 TARGET PROPERTIES ahJi\i. 7 -< l^S&ii II o Ist mm i m]- m "l^Bca- ml !t! !!'*::->' 4f*^fe,4s_*^3i!S.''fs^ W- _L. nsm^^i^HH Hil i-^aS 'RJ?LJUJ (PL^s a B is: BI .J 1!"Ti, JiE£ >&^t-SHRB gjl JSW^wKSisL^ Ifcx jj jj.^&w ll'^jilißß '*t3^"-'**- i b^e? j.. DU___n_h____. __f __f^?^r J 1 3X __i^^____!___lji
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  • ECONOMIC SURVEY OF SINGAPORE
    • Article, Illustration
      Lock icon Sharp productivity slide focuses attention on issue
      348 27  -  JAMIE LEE By [SINGAPORE] Singapore's productivity level will come under the government's closer scrutiny after the country registered its sharpest drop in three consecutive quarters. Productivity plunged 7.5 per cent for its second quarter compared with a 2.7 per cent drop in the
      Source: MTI; : Ministry of Trade and Industry  -  348 words
    • Article, Illustration
      Lock icon Non-oil exports may fall by up to 4% this year
      535 27  -  CHUANG PECK MING US, EU biggest contributors to 2.4% drop in exports in H1: IE Singapore By [SINGAPORE] Singapore's key non-oil domestic exports (NODX) are tipped to fall as much as 4 per cent this year the first drop in
      IE Singapore  -  535 words
    • Article
      Lock icon The best paymaster
      178 27  -  ANNA TEO Salaries in the pharma sector average $70,000 [SINGAPORE] Their industry output may be subject to wild swings, but pharmaceutical workers are among the best paid in the manufacturing sector. Average wages of pharma workers amounted to almost $70,000 in 2007, according to the Ministry of
      178 words
    • Article
      Lock icon Growth in hotels sector slows as room lettings fall
      315 27  -  UMA SHANKARI [SINGAPORE] The growth of hotels and restaurants here is slowing as room lettings fall, but hotels are still enjoying double-digit growth in room rates, the Ministry of Trade and Industry (MTI) said yesterday. The hotels and restaurants sector grew
      315 words
    • Article
      Lock icon Robust Sing $ has soft impact on margins: report
      245 27  - Robust Sing has soft impact on margins: report JAMIE LEE Cheaper imported materials used in exports ease costs, says MTI researcher [SINGAPORE] The stronger Singapore dollar has had a smaller-than-expected impact on manufacturers' profit margins, said a report by a Ministry of Trade and Industry (MTI) researcher. The report released
      245 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      1051 27 IN THE MATTER OF THE COMPANIES IN THE MATTER OF In the Matter of MABRUSINA£re°LTD. THE COMPANIES ACT (CAP. 50) The Companies Act, Cap.so [In Members' Voluntary Liquidation) ANLJ And Company Reg. No. *****0016 D IN THE MATTER OF In the Matter of At an Extraordinary General Meeting of ASIALEC
      1,051 words
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      Lock icon Page 27 Advertisements Column 2
      122 27 m SAVE TAX Our qualified professionals tm/m-L_ __P can assist you with offshore J structures, shelf companies and incorporations in ALL jurisdictions including: :'uiiifl British Virgin Islands P^L^^^^^^ Cayman Islands Bahamas ■m^^^^^^J Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize
      122 words
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  • COMPANY NEWS
    • Article
      Lock icon OCBC unveils 10m preference share offering
      620 28  -  CHOW PENN NEE Issue may be raised to 15m shares if there is demand, yielding $1.5b JUST two months after it launched a $1 billion preference share offering, OCBC Bank is launching another issue of 10 million preference shares to raise up to $1.5
      620 words
    • Article, Illustration
      Lock icon Pacific Shipping to raise US$92.3m
      370 28  -  VINCENT WEE Proceeds set to finance part of cost of 4 new vessels AS the global credit crunch starts to affect Singapore shipping companies, Pacific Shipping Trust (PST) yesterday announced a plan to raise U5592.3 million from the stock market through a non-renounceable preferential offering
      370 words
    • Article, Illustration
      Lock icon SingTel leads mobile subscriber gains in Q2
      425 30  -  WINSTON CHAI Telco's cellphone user base up 6.6% amid re-invigorated mobile landscape THE first bout in Singapore's re-invigorated mobile landscape has gone the way of Singapore Telecommunications, with the company reporting the largest increase in cellular subscribers for the second quarter of this
      REUTERS  -  425 words
    • Article
      Lock icon STATS ChipPAC delays benchmark bond sale
      263 30 Reuters [HONG KONG] STATS ChipPAC delayed its planned benchmark dollar bond sale of about US$5OO million, but is looking to relaunch the deal as early as September, a source close to the deal said yesterday. The sale highlights difficulties Asian issuers, particularly those with
      – Reuters  -  263 words
    • Article
      Lock icon M1's fixed-line foray: too little, too late?
      657 30  - M 1's fixed-line foray: too little, too late? WINSTON CHAI Ml's RECENT diversification into fixed-line broadband services is an attempt to quell longstanding market concerns about its lack of headroom in the mobile space. However, the dependence on rival technology, coupled with shifting dynamics in the local broadband sector, means
      657 words
    • Article, Illustration
      Lock icon Two Dayen execs quit as chairman returns
      382 30  -  JAMIE LEE There was some disagreement over chairman's forced share sales: sources TWO Dayen Environmental executives quit last week following the recent return of executive chairman John Lee, who has been forced to sell some of his company shares over the last few
      382 words
    • Article
      Lock icon Ho Bee's Q2 profit falls 70% to $37m
      346 31  -  ARTHUR SIM Revenue down 27%, due mainly to lower recognition from devt projects HO Bee Group has announced a net profit of $36.96 miUion for Q2 2008, a 70.4 per cent fall from $125.1 million a year earlier. Revenue was $116.8 million,
      346 words
    • Article
      Lock icon CK Tang posts $2.57m Q1 loss on high expenses
      295 31 EXPENSES from a new store led retail group CX Tang to a net loss of $2.57 million in its first financial quarter ended June 30, compared with a net profit of $355,000 a year ago. The drop came as turnover crept
      295 words
    • Article
      Lock icon STX Pan Ocean Q2 earnings up 46% at US$173m
      463 31  -  VINCENT WEE Revenue for the period more than doubles to USs2.7b STX Pan Ocean continued to do well amid buoyant demand for coal and iron ore in China, posting a 46 per cent rise in second-quarter profit to U*****.7 million from
      463 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Jishan warns of second-quarter loss
        43 31 CHINA Jishan Holdings warned yesterday that it would post a loss for the second quarter ended June 30. It cited factors such as the appreciation of the yuan as well as the rise in raw material prices.
        43 words
      • Article
        Lock icon Sino-Environment Q2 net profit rises 31%
        69 31 SINO-ENVIRONMENT Technology posted a 73.9 per cent rise in Q2 revenue to 190.6 million yuan (5539.1 million) and a 31.1 per cent increase in net profit to 57.6 million yuan. First-half revenue rose 97.2 per cent to 358.9 million yuan and net profit increased
        69 words
      • Article
        Lock icon PCRD posts $2m Q2 net loss
        89 31 PACIFIC Century Regional Developments (PCRD) posted a $2 million net loss for Q2 ended June 30, 2008, against a $323.8 million net profit in the same period a year ago. This was due largely to a near $318 million boost in net one-time gain
        89 words
      • Article
        Lock icon QAF reports $3.56m loss for Q2
        88 31 QAF Ltd has slipped into the red for the second quarter of 2008. It posted a $3.56 million net loss for the quarter ended June 30, 2008, against a $7 million net profit in the same year-ago period. This was due mainly to QAF
        88 words
    • Article, Illustration
      Lock icon YHI Q2 net profit rises 1.4%; boosting brand equity
      403 31 YHI International, a distributor of automotive and industrial products and an original design manufacturer (ODM) of alloy wheels, has posted a 1.4 per cent rise in net profit to $6.49 million in the second quarter ended June 30, 2008, from a
      FILE PHOTO  -  403 words
    • Article
      Lock icon At a glance
      462 31 AT d gidnCe 6 months ended June 2008 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (S$m) (S$m) CHNG 1 STXPO 622.47 242.64 156.5 6,729.50 3,116.45 115.9 2 Ho Bee Inv 63.07 194.17 -67.5 211.00 405.83 -48.0 3 OUE 35.80 329.39 -89.1 81.00 81.42 -0.5 4
      462 words
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      Lock icon Page 28 Advertisements Column 1
      745 28 /®y Get your Rabobank Warrant IO Highlights daily via email. V^Ur__Pl %T Visit www«rabowarrants.com.sg or ftCjjUM gj*l<y9MJflj& Bjb *y emailsgwarrants@rabobank.com UOB RB ECWO9OIO9 (FBTW) DBS RB ECWOBII2B (FR7W) UNITED OVERSEAS BANK LTD Call DBS GROUP HOLDINGS LTD Call Exercise Price S$ 19.50 Exercise Price S$ 19.00 L Expiry Date 9
      745 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up but broad market weak
      552 29  -  CONRAD TAN STOCKS Lower forecasts of economic growth temper boost from Friday's gains in the US SINGAPORE stocks rose yesterday, but gave up some of their opening gains as investors remained cautious about the week ahead. Buoyed by a strong finish for US stocks
      : Bloomberg  -  552 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 29 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 8 4 0 0 0 4 8 4 lanufacturing 32 83 48 14 37 91 62 Commerce 13 21 20 21 25 23 'pt/Stor/Comms 12 16 13 16 10 :inance 17 17 Construction 'roperties 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 29 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 9,295 9,295 51,877 51,877 lanufacturing 346,998 13,921 360,919 200,833 1,346 202,178 Commerce 38,805 16,712 55,517 48,413 6,921 55,333 "pt/Stor/Comms 103,442 263 103,705 274,277 30 274,308 :i nance 24,980 24,980 263,174 263,174 Construction 20,651 3,563 24,214 3,305 94 3,399 'roperties
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 29 Capita Land 5.000 4-0.140 CapitaMal 2.890 -0.060 CityDev 10.300 -0.060 Cosco Corp 2.380 -0.060 IBS Grp 18.780 4-0.080 :&N 4.150 -0.020 Sent Intl 0.540 IK Land 3.820 4-0.060 ISH 17.120 4-0.440 lardineC&C 17.200 -0.020 Ceppel Corp 10.420 -0.040 Ceppel Land 4.400 -0.050 IOL 2.750 4-0.230 loble
      104 words
    • Article
      Lock icon BROKERS' TAKE
      345 29  -  CONRAD TAN Singapore Exchange Aug 11 close: $6.78 DMG PARTNERS SECURITIES, Aug 11 SGX reported FYOB net profit of $478.3 million, up 13.4 per cent. Excluding the one-time $34 million distribution from the SGX-DT Compensation Fund, core net profit of $444.3 million is up 42.7 per cent from
      345 words
    • Article, Illustration
      Lock icon STI getting increasingly unstable
      295 29  -  KEN TAI CHEE MING, CHARTPOINT THE Straits Times Index (STI) has fallen decisively below the triangle formation we highlighted last week, erasing 99 points or 3.4 per cent. The break below the base of the triangle at 2,870 has opened the way for a possible move
      NextVIEW  -  295 words
    • Article, Illustration
      Lock icon US$ hits fresh '08 highs but loses steam
      539 29  -  LARRY WEE CURRENCIES THE US dollar surged strongly again at the start of currency trading yesterday, following strong gains on Wall Street last Friday, but gave back a good portion of those gains by the Asian close. Early in the session, the
      : Reuters  -  539 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 29 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 29 Aug 11 CLOSE VALUE IT OB/OS -692.00 -68.C IT CADI -*****.00 -118. IT 10-day MA -*****.00 -69.0' TSE ST Mid Cap 667.52 -6.2 TSE ST Small Cap 560.26 -7.9i TSE ST All Share 706.38 +0.9 TSE ST China Top 378.90 -13.0: TSE ST China 361.41 -12.8 OB
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    • Article
      Lock icon MOST ACTIVE STOCKS
      61 29 VOLUME JiutianC 106,503,000 China Honqxinq 41,089,000 Li Henq 25,668,000 ZhquoPenqjie 21,827,000 Yanqzijianq 20,377,000 Sing Tel 20,126,000 Golden Agri 20,049,000 DBS DBeCWOBIII7 16,047,000 Straits Asia 15,612,000 Cosco Corp 15,194,000 VALUE(S) DBS Grp 84,574,070 UOB 77,090,921 Sing Tel 71,631,600 Capita Land 65,820,550 OCBC Bk 43,132,590 SGX 41,014,490 NOL 39,822,000
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    • Article
      Lock icon RISES
      101 29 CLOSE UP ISH 1712 61.7 2.6 IMH 3100 58.9 1.. India Ni 10 1539 39.0 2.~ ISMSCI India 100 667 29.5 3. >ain irm 560 28.1 3. iBS MBLJCW*****0 498 26.0 5. IOL 275 23.0 9.1 Teative Tech 586 20.0 3. ui iianZY 67 19.0 39.' i Land 500
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    • Article
      Lock icon FALLS
      114 29 BY CENTS CLOSE DOWN ICBC Bk4.5%NCPS 100 9970-20.0 -0.2 ICBC Bk5.1%NCPS 100 ***** -20.0 -0.2 Venture Con 982 -20.0 -2.i LP 10US 8520 -19.6 -0.2 China H 10US 1492 -16.8 -0.I ndoAi 126 -14.0 -10.' MBUCW*****0 242 -13.0 -5.1 ;txpokwioo 225 -13.0 -5.5 Sembawani 788 -12.0 -1.5 Cmdfr 10US:
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    • Article
      Lock icon CURRENCIES Where S$ stands
      85 29 Aug11 CLOSE CHNG FR Aug 8 YR2008 S$ LOW S$ HIGH USS 1.4035 -0.29 1.4542 1.3457 Euro 2.1099 0.30 2.2064 2.0474 Pounds 2.6985 -0.30 2.8431 2.6568 AS 1.2507 -0.27 1.3251 1.2349 Yen* 1.2777 -0.19 1.4484 1.2619 Rill liah* 0.***** -0.23 0.***** 0.***** Baht* 4.1598 -0.14 4.4299
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      242 30 A message from Pokka Corporation to all shareholders of POKKA CORPORATION (SINGAPORE) LIMITED Our Offer Price is 550.66 for each Offer Share. We currently own, control or have agreed to acquire approximately 87.67% of the issued share capital of Pokka Corporation (Singapore) Limited 1. Please note that the Closing Date
      242 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Clear skies over Singapore for now: Merrill Lynch
      518 32  -  ARTHUR SIM US investment bank expects 2008 GDP to grow 5.2%, Sing dollar to stay strong THE outlook for the Singapore economy is bright, according to Merrill Lynch. As improbable as the forecast sounds with the government cutting expectations for GDP and
      518 words
    • Article, Illustration
      Lock icon Asian oil & gas sector losing talent to Mid-East: Hay
      496 32  - Asian oil gas sector losing talent to Mid-East: Hay LEE U-WEN COULD the increasing lure of high salaries in the Middle East prove too much to resist for those in the Asian oil-and-gas (O&G) industry? That could well be the case, according to latest data released by the Hay Group,
      AFP  -  496 words
    • Article
      Lock icon Fingers pointed at two in court over RTC saga
      630 32  -  CHOW PENN NEE CURRENT shareholders of Raffles Town Club (RTC) Margaret Tung and Lin Jian Wei were the ones responsible for the club's financial difficulties, former remisier Peter Lim's lawyer told the court yesterday. Mr Lim had sued Mr Lin and
      630 words
    • Article
      Lock icon US$700m spent during 2-mth GSS
      168 32 DESPITE global economic uncertainty, support for the annual Great Singapore Sale (GSS) from Singaporeans and tourists has increased. According to MasterCard processing data, a total of US$7Ol.l million was spent during the full two-month period of the sale. Singaporean cardholders accounted for U*****.7 million, an
      168 words
    • Article, Illustration
      Lock icon Changi campus for S'pore's 4th university
      584 32  -  LEE U-WEN THE sprawling plot of land near the Singapore Expo which was to have housed the now-defunct University of New South Wales (UNSW) Asia campus has found a new occupant at last. Singapore's new publicly funded university will make its home at the
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      128 32 w i^JI j l^^b" HT H|L^^|^Km =S£ lir^- _i —~~rsF^ mm E-___=a __C____l Today, the world has woken up to what Standard Chartered identified more than 150 years ago. The vast potential of Asia. Some call us visionaries. We know it's much simpler an enduring belief in our partners and
      128 words
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  • SME Inc
    • Article
      Lock icon Marco Polo Marine set to move faster, with eye on big boys
      727 2  -  JOYCE HOOI Keen to claim its maintenance, repair share, it's building its first drydock MARCO Polo Marine has come a long way since it started out in 1991, when it had four vessels it chartered to companies in
      727 words
    • Article, Illustration
      Lock icon From rice balls to sauces, technology spices things up
      938 2 Automation is making Singapore's food manufacturing sector more competitive, by lowering production costs while enhancing quality, reports OH BOON PING IF YOU want to see how technology is benefiting the food manufacturing industry, look no further than Chinatown Food Corporation. It
      FILE PHOTO  -  938 words
    • Article, Illustration
      Lock icon No short cut to running a great design business
      952 3 ENTREPRENEURSHIP SERIES THE road to great design in Singapore is fraught with difficulties, to hear Ban Yinh Jheow tell it. When he isn't sketching whimsical designs, the chairman of local toy company Stikfas is knuckling down with numbers and doing a
      952 words
    • Article
      Lock icon Gen Next SMEs get cosy with banks
      1001 4  -  RAYMOND TAN Younger and sawier SME bosses appreciate the value of sophisticated financial solutions for their business AS WE continue to face a more challenging economic environment, the general observation is that small and mediumsized enterprises (SMEs) are likely to be impacted by
      1,001 words
    • Article, Illustration
      Lock icon The brand drives this burger business
      1011 4  -  LYNN KAN Marketing, quality and training are the key ingredients in Aspac's success THERE'S a reason why Carl's Jr ads set the brand's slogan "It's gonna get messy" alongside a massive trademark burger. In a rumble between food and brand, it's the brand that
      FILE PHOTO  -  1,011 words
    • Article
      Lock icon Small-cap portfolio falls by another 4 per cent
      407 4  -  TEH HOOI LING By THE spectacular opening of the Beijing Olympics did nothing to buoy China shares, which continued to be sold down aggressively. So did other small and mid-cap stocks. And that, of course, was bad news for our small-cap portfolio.
      407 words
    • Article
      Lock icon Mid-size firms would do much better with an integrated suite approach
      809 5 IT MATTERS Information would be shared efficiently with all departments using the same data MANY mid-size companies today are mindful of the electronic complexity of doing business having to deal with multiple data structures, applications, operating systems and technology
      809 words
    • Article
      Lock icon Making life easier for exporters
      754 5  -  OH BOON PING PRO-ENTERPRISE CHANGES Changes to Major Exporter Scheme renewal process result in time and cost savings UNDER the Goods and Services Tax laws, GST is levied on all imports of goods into Singapore at the point of entry. There are businesses that make
      754 words
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      180 2 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      180 words
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      105 3 Trade Smart r~^i~l —H —1 —I —Ft" ——n —H —1 H i —j~ 1\ \--l—■i—^ j MwBSSm aBBfiWHBBHj I Your business I I success is out there. I Is your bank? I Commercial Banking rikXDV^ www.hsbc.com.sg/hsbc.commercial The world's local bank Issued by The Hongkong and Shanghai Banking Corporation Limited, which
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      79 4 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
      79 words
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      17 4 Applying for a Job? Ensure that your Resume is Effective Qfl^ C.V Plus Group 6270 9028 www.cvplus.com.sg
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      12 4 m CATS Recruit The first door to your world of opportunities < (J
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  • Page 5 Advertisements
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      604 5 Enjoy Attractive Fares and Slashed Transit Time! Fly ANA to USA 01/ "SSB3B <g* d A There's no better time to experience ANA's good A^klA I old Japanese hospitality than now! With our attractive fares to USA starting from SsB3B, plus ftjT^ 0 reduced transit time and convenient connections to
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  • BEIJING 2008
    • Article, Illustration
      Lock icon Mate keeps Phelps in hunt for record 8 golds
      850 6 Bloomberg 32-year-old Jason Lezak bags US victory in men's 400 m freestyle relay [BEIJING] The long arm of Jason Lezak kept Michael Phelps on target for a record eight gold medals at the Olympics and answered the trash talk from France.
      Bloomberg; I PHOTOS: AFP, REUTERS  -  850 words
    • Article, Illustration
      Lock icon Andy Murray shocked, other seeds saunter
      580 6 All top players except Nadal win in straight sets [BEIJING] While most top tennis players cruised to victory in the first round of Olympic singles, Britain's great new hope Andy Murray suffered an embarrassing defeat. The world No 6 was beaten 6-7 (5/7), 4-6
      AFP  -  580 words
    • Article, Illustration
      Lock icon Medal tally
      98 6 AUG 11 China 9 3 2 14 South Korea 4 4 0 8 United States 3 4 5 12 Italy 3 3 2 8 Australia 2 0 3 5 Japan 2 0 2 4 Great Britain 2 0 1 3 Czech Republic 2 0 0 2 Netherlands 1
      98 words
    • Article, Illustration
      Lock icon Shooter ends India's 108-year wait for gold
      563 6 Bloomberg Abhinav Bindra, 25, won the men's 10-m air rifle event [BEIJING] Abhinav Bindra fired himself into Indian sporting history by ending his country's 108-year wait for an individual Olympic gold medal. The 25-year-old shooter from Chandigarh won the men's 10-metre air rifle
      Bloomberg; REUTERS  -  563 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Oil price rebound in the wings: analysts
      467 7 AFP Supply-side shocks such as Iran nuke crisis may be trigger [LONDON] World oil prices, which have plunged from recent record heights, could spike higher again should the market be rocked by new supply-side shocks, according to industry observers. Prices sank lower last
      AFP  -  467 words
    • Article
      Lock icon UK bosses expect job losses due to credit crunch: poll
      261 7 Reuters [LONDON] Over a third of Britain's leading businessmen expect their companies to suffer redundancies due to the economic downturn, according to a survey released yesterday. Commissioned by the Leaders in London International Leadership Summit 2008, the poll of over
      – Reuters  -  261 words
    • Article
      Lock icon Japan's economy may have shrunk 0.6% in Q2
      425 7 Reuters [TOKYO] Japan's economy probably shrank 0.6 per cent in the second quarter, ending three straight quarters of expansion, according to a Reuters poll, and analysts warned of a gloomy outlook as soaring energy costs and a global slowdown bite. The contraction,
      – Reuters  -  425 words
    • Article
      Lock icon Room for Australian rate cut
      343 7 Bloomberg Economic growth will probably be halved to 2% this year against 2007, says central bank [SYDNEY] Australia's central bank says it will have more room to cut interest rates because of a "significant moderation" in domestic demand that will cut economic growth by half
      – Bloomberg  -  343 words
    • Article
      Lock icon Paulson wary of another round of economic aid
      632 7 -AP He'll wait to see how economy in July-Sept does with USsl6Bb tax rebate [WASHINGTON] Treasury Secretary Henry Paulson says there's a lot of truth to US President George W Bush's comment that Wall Street "got drunk and now it's got a
      -AP  -  632 words
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      157 7 \\\mm. tmwW \\\\\m\m^ I [^Jf] m\\maa\ \m^Lmma^\m "I MB HI [■JBI a -Jk ;j P| c"village I 'JB'*' jm m\\m\\m\\mam\\\\\m\\\\m\m\\ |^W. Sam\\ From the bustling Orchard PI I :i_t^^ if D H to the idyllic East from $45++ i k^^^HiEHE i Meet for business or pleasure in 2 prime locations
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Rate outlook seen weighing on KL bonds
      620 8 Bloomberg HSBC says political factor may prompt redemptions by foreign investors [SINGAPORE] Malaysia's government bonds may hand investors a quarterly loss on speculation that the central bank will increase interest rates and because of political turmoil in the country, according to HSBC Holdings
      – Bloomberg  -  620 words
    • Article, Illustration
      Lock icon M'sia June output growth slowest in 10 months
      567 8 Bloomberg [KUALA LUMPUR] Malaysia's industrial production grew at the slowest pace in 10 months in June as demand for the country's electronics exports waned. Production at factories, utilities and mines rose 2 per cent from a year earlier after a revised 2.8
      Bloomberg; REUTERS  -  567 words
    • Article, Illustration
      Lock icon Slower economic growth set to ease price pressures
      273 8 Bloomberg [KUALA LUMPUR] Malaysia's central bank expects slowing economic growth to cool inflation, fuelling speculation that borrowing costs won't be raised to cap prices. Inflation will "moderate" in 2009, particularly in the second half of the year, Governor Zeti Akhtar Aziz told
      Bloomberg; REUTERS  -  273 words
    • Article
      Lock icon Indonesia Q2 GDP rise seen exceeding 6%
      431 8 Bloomberg But interest rate hikes may hit H2 growth: analysts [JAKARTA] Indonesia's economic growth probably exceeded 6 per cent for a seventh quarter as overseas demand for coal, palm oil and rubber left more for farmers to spend. Gross domestic product expanded 6.2
      – Bloomberg  -  431 words
    • Article
      Lock icon BURSA MALAYSIA
      2238 8 lug 11 RM ('000) ASM Realty 0.46 \bric Bhd 0.12 advance Synergy 0.10 Adventa Bhd 0.89 Ae Multi Hldgs 0.23 Affin Holdings 1.89 Ahmad Zaki Resou 0.70 AicCorp 0.52 \irasia Bhd 1.13 Akn Technology 0.41 Alliance Financi 2.80 aluminium Co 1.06 Amalgamated Ind 0.49 Ammb Hldgs Bhd 3.28
      2,238 words
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  • GREATER CHINA
    • Article
      Lock icon Beijing to force state firms to consolidate and compete
      267 9 Bloomberg -[BEIJING] China's government said it will resume a push to force the nation's biggest state-owned companies to consolidate into fewer, larger groups to help them compete. The State-Owned Assets Supervision and Administration Commission will reduce the country's 149 state-run enterprises
      Bloomberg  -  267 words
    • Article, Illustration
      Lock icon TOUCHING BASE AT THE OLYMPICS
      80 9 [BEIJING] Minister Mentor Lee Kuan Yew meeting Kuomintang leaders in Beijing at the Olympics last Friday. During the meetings with former chairman Lien Chan (top) and current chairman Wu Poh-hsiung, Mr Lee affirmed the important role the two leaders play in cross-strait relations and hoped
      80 words
    • Article
      Lock icon China National's 'Angola bid' reflects risks: CLSA
      409 9 Bloomberg Offer is lower than the valuation for CNOOC's reserves [SHANGHAI] China National Offshore Oil Corp's reported US$l.5 billion joint bid with China Petrochemical Corp for an Angolan oil and gas asset reflects political and operating risks in the African nation, said CLSA
      Bloomberg  -  409 words
    • Article
      Lock icon Major China stock index hits new 19-month low
      654 9 Reuters Worries over slowing growth, rising producer prices take their toll [SHANGHAI] China's main stock index tumbled more than 5 per cent to a fresh 19-month low yesterday, hit by concern about slowing economic growth and rising producer price inflation, which threatens
      Reuters  -  654 words
    • Article
      Lock icon July surplus highest in 8 months
      240 9 AP, Xinhua Global trade surplus up 4% to USs2s.3b after Beijing raised tax rebates for textile exporters [BEIJING] China's trade surplus last month soared to its highest level in eight months as exports to the United States and Europe grew at double-digit rates despite
      AP, Xinhua  -  240 words
    • Article
      Lock icon July producer prices climb steeply
      490 9 -AFP [BEIJING] China's producer or wholesale prices rose at their steepest rate in 12 years last month, state media said yesterday, amid a lingering concern about inflation in the world's fourth-largest economy. The producer price index (PPI), which measures the value of finished products when
      -AFP  -  490 words
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      97 9 DISCOVER II THEy ASE YOURSELR sxc BdVs (IN ENGLISH) but nDTHinc th*t she cattt HAnoiEM With just a birth date, act to know your Tune in to c New Mornin9 show. Character Shake Bake with Suz and Sheikh. Suitable Careers Monday to Friday, 6AM-10AM. Lucky colours RADQO 100% PURE FUN
      97 words
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  • INDIA
    • Article
      Lock icon Plan for US$10b Indian IPO faces frail market
      545 10 Reuters Phone firm BSNL needs to contend with fading foreign investor interest [MUMBAI] India's stateowned phone company's plans to raise US$lO billion in the biggest local initial public offer (IPO) must overcome waning foreign investor interest in a country whose share markets
      – Reuters  -  545 words
    • Article
      Lock icon India rejects SG-SBI venture: report
      140 10 Bloomberg [MUMBAI] India has rejected a plan by Societe Generale SA (SG) and the State Bank of India (SBI) to jointly offer securities services in the South Asian nation, the Economic Times (ET) reported yesterday, without saying where it got the information. The Reserve Bank
      Bloomberg  -  140 words
    • Article, Illustration
      Lock icon DreamWorks, Reliance deal announcement expected
      269 10 -Reuters [LOS ANGELES] Steven Spielberg and David Geffen may announce as soon as this week a deal with Reliance ADA Group to set up a new studio and split from Paramount Pictures, sources familiar with the deal said on Sunday. However, the DreamWorks team has
      -Reuters; AP  -  269 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8490 10 UNIT TRUSTS FUNDS I UNIT TRUSTS I AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.027/ AIGIF S'pore Bond Fund/A 1.344/ APS Asset Mat Pte Ltd APS Alpha Fund!** 0.9/ APS Alpha Fund (USD) 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD
      8,490 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Seoul to sell or merge 41 state-owned firms
      477 11 Bloomberg Move part of president's plans to raise efficiency, spur economic growth [SEOUL] South Korea said that it will sell or merge 41 of the nation's 319 state-owned companies as part of President Lee Myung Bak's pledge to make government-run firms more
      – Bloomberg; BLOOMBERG  -  477 words
    • Article
      Lock icon Big paper loss at US credit unions
      175 11 Reuters [NEW YORK] Five of North America's largest credit unions are reporting big paper losses on mortgage-related securities, a sign that housing-market distress is spreading even to the most risk-averse financial sectors, the Wall Street Journal (WSJ) said yesterday. According to federal regulatory
      – Reuters  -  175 words
    • Article, Illustration
      Lock icon New trend: Cashing out gems at vent & sell websites
      672 11 New trend: Cashing out gems at vent sell websites Bloomberg [WASHINGTON] After 35-year-old mortgage broker Steven Sherman and his fiancee broke up last year, he kept the 1.7-carat diamond engagement ring that he had bought for US$B,OOO. The jeweller who sold it to him offered US$2,BOO to take it back.
      – Bloomberg; BLOOMBERG  -  672 words
    • Article
      Lock icon Energy stocks set for 25% upside: Barron's
      214 11 Reuters [NEW YORK] The sharp drop in oil and natural gas prices has produced an even sharper pullback in energy stocks, creating what may be one of the best buying opportunities in the sector in several years, according to an article in yesterday's
      – Reuters  -  214 words
    • Article, Illustration
      Lock icon No plans to put cash in Freddie, Fannie: Paulson
      770 13 Bloomberg This comes after he brokered a plan last month to bolster the two enterprises [NEW YORK] US Treasury Secretary Henry Paulson said that there are no plans to inject capital into Fannie Mac and Freddie Mac after the two mortgage
      – Bloomberg  -  770 words
    • Article, Illustration
      Lock icon EU plans mediation as Russia steps up bombing in Georgia
      650 13 Bloomberg French President Sarkozy may go to Moscow for talks [BEIJING] Russia stepped up its bombing of Georgia as President Mikheil Saakashvili proposed a ceasefire and the European Union prepared to send a peace mission to Moscow. Russian warplanes dropped
      – Bloomberg; REUTERS  -  650 words
    • Article
      Lock icon Dubai bourse to unveil stake sale plan
      242 13 Reuters [SINGAPORE] The Dubai Mercantile Exchange (DME), a joint venture between Oman, Dubai and the New York Mercantile Exchange (Nymex), was to announce later yesterday the sale of a stake in the bourse, a source close to the company said. Asked whether an
      – Reuters  -  242 words
    • Article
      Lock icon Consumers tighten belts as global economy sours
      697 13 Reuters Hikes in oil and food prices strike blow to spending, sentiment [WASHINGTON] Consumers in much of the developed world face a period of forced frugality because of tighter credit terms and steep food and energy bills. The roughly US$lOO billion that the
      Reuters  -  697 words
    • Article
      Lock icon Child's play to crack top-rated locks
      394 13 -AFP [LAS VEGAS] Security specialists on Sunday showed that cracking top-rated locks said to secure the US Pentagon and Britain's royal family is child's play. Marc Tobias was in a sea of hackers practicing lock picking at a DefCon gathering in Las Vegas when
      -AFP  -  394 words
  • Page 11 Advertisements
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      19 11 Place your AGM and EGM I notices in our newspapers. Call 1800 289 8822 or email I notices@sph.com.sg. I
      19 words
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      306 11 •Jfwjs^ijlwi Lianhe Zaobao Wine Review Challenge 2008 Savour an award-winning range of 283 w'nes' Wine Tasting Affair Sunday, 17 August 2008 $38 nett per pax per session Conrad Centennial Singapore, Ballroom Level 2 Session 1:11 am to 1 pm Session 2: 3pm to spm Held in conjunction with the 10th
      306 words
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  • Page 13 Advertisements
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      52 13 ERP gantry locations and prices Live traffic news Building name and block numbers Shortest and quickest routes Shopping Centres Schools and block number mnJlmK. BLL'Ji.^,*,™ -6™4fea*i j Plan your next journey with Rednano. Get the most updated and accurate geographical information in the Lion City. Whatever you're Looking for in
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  • AVIATION
    • Article
      Lock icon China Eastern still seeks investors after expired deal
      553 14 Reuters However, slide in share prices spurs talk that deal might be resurrected [HONG KONG] China Eastern Airlines said that it will continue to seek a strategic investor after the expiry of a deal to sell a stake to Singapore Airlines Ltd,
      ■ Reuters  -  553 words
    • Article
      Lock icon Seoul to sell 49% airport stake in reform drive
      305 14 Reuters [SEOUL] South Korea said that it plans to sell a 49 per cent stake in state-owned Incheon International Airport Corp, worth about US$2 billion, to global airport operators as part of a drive to privatise and reform state-run companies. The
      – Reuters  -  305 words
    • Article
      Lock icon Panel may seek BAA's break-up
      139 14 Reuters [LONDON] The UK's Competition Commission may be set to recommend the break-up of the British Airports Authority (BAA), which is owned by Spain's Ferrovial, The Observer newspaper reported. Such a ruling would force BAA, which operates seven airports including Heathrow, Gatwick, and Stansted, to
      Reuters  -  139 words
    • Article, Illustration
      Lock icon Cessna aims to tap Asian market with Mustang jet
      445 14  -  YEN SREENIVASAN [SINGAPORE] American business- and light-aircraft maker Cessna is stepping up efforts to boost sales in the potentially huge but untapped Asian market with its new Citation Mustang jet. Priced around US$3.3 million, the four-passenger Mustang is a good entry-le-vel
      445 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2556 14 AIRLINE CODES: AA: Amencao Airlioes (AAL), AF: Air Frapce (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: Britishffro. Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,556 words
  • Page 14 Advertisements
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      136 14 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Hong Kong $2,032 $437 $90 United Airlines United Airlines DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangalore $1,260 (Indian Airlines) $327 (Indian Airlines) $46 Rain Bangkok $525 (Swiss International) $140 (Swiss International) $33 Rain
      136 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Lock icon Page 14 Miscellaneous Column 1
      411 14 CRYPTIC CROSSWORD ACROSS I To drink after medical appli- 12 4 5 6 |_^|_^|_^H cation gets one a reprimand mHHHI H I I 9 Acerbic teacher vacated 9 11 transport (9) 10 A chap can be a catalyst (5) H II Charm listener by the finish JT(6) W ii^Hj^H^i j^^^H^ii
      411 words
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  • EDITIONAL & OPINION
    • Article
      Lock icon Decisive new policies needed in Japan
      500 15 JAPANESE Prime Minister Yasuo Fukuda's government appears to be living on borrowed time as opposition forces wait in the wings before moving to centre stage. By reshuffling his Cabinet last week, Mr Fukuda hopes to stave off this inevitability. Although the move may bring
      500 words
    • Article, Illustration
      Lock icon Adopting the art of effective business
      1049 15  -  TAN SHONG YE MARK EASTON Achieving lasting beneficial change requires a new leadership style at all levels WE have all seen the headlines and shuddered. Financial and foreign exchange trading scandals, the sub-prime crisis disabling financial giants, operational disasters, and just plain loss of
      FILE PHOTO  -  1,049 words
    • Article, Illustration
      Lock icon Investors need not be pessimistic on tech stocks
      750 15  -  ANDY MUKHERJEE Bloomberg THE BOTTOM LINE ASIAN technology companies are in the throes of extreme investor pessimism. As many as 14 tech stocks with a market value of more than US$l billion in Asia, excluding Japan, have an estimated PEG ratio of
      Bloomberg  -  750 words
    • Article, Illustration
      Lock icon How to succeed in Chindia
      1581 16  -  NITIN PANGARKAR The huge markets of China and India offer the prospects of significant opportunities and rewards for foreign companies OVER the last 15 years, observers, analysts and managers alike have been fascinated by the rapid growth of emerging markets, especially China and India. Many
      AP  -  1,581 words
    • Article
      Lock icon Funny money behind the bubbles
      655 16  -  EDWARD HADAS LIKE bear markets, recessions and pornography, financial bubbles are easier to recognise than to define precisely. Roughly speaking, they are characterised by the price of something rising much more quickly than its cost of production. Bubbles are also marked by widespread enthusiastic expectations
      655 words
    • Letter
      Lock icon Beware of credit derivatives
      320 16  -  Chua Soon Hock LETTER TO THE EDITOR I REFER to the article "Credit derivatives spared ultimate test" (BT, Aug 9). This is another dangerous and misleading article on credit derivatives that looks at only the "happy" surface of a crucial matter. Although the bailout of Bear
      320 words
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  • SHIPPING/LOGISTICS
    • Article, Illustration
      Lock icon TNT jumps on report UPS is in talks to buy Dutch firm
      715 17 Bloomberg Purchase to give US firm full European air and roaddelivery network [AMSTERDAM] TNT NY, Europe's second-biggest ex-press-delivery service, rose to a 5 1/2-month high in Amsterdam trading after a UK newspaper reported that United Parcel Service Inc
      – Bloomberg; BLOOMBERG  -  715 words
    • Article
      Lock icon Persian Gulf tanker rates may halt 13-day slide
      308 17 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may end a 13-day slump because returns from leasing vessels have fallen below levels where owners make a profit. The average very large crude carrier,
      Bloomberg  -  308 words
    • Article
      Lock icon Brazil, India the top users of offshore oil rigs in July
      435 17 Bloomberg [SINGAPORE] Brazil and India were the biggest users of offshore oil rigs in July as Petroleo Brasileiro SA drilled the Americas' biggest discovery in three decades and Reliance Industries Ltd started developing a coastal field. Brazil deployed 29
      Bloomberg  -  435 words
    • Article
      Lock icon US House hearings for UPS-DHL pact
      416 17 -Bloomberg Review to take place next month before two panels [WASHINGTON] United Parcel Service Inc's plan to take over Deutsche Post AG's US air shipments will be reviewed in hearings next month before two congressional committees. Executives for UPS and Deutsche Post's DHL unit
      -Bloomberg  -  416 words
    • PORT SHOTS
      • Article
        Lock icon Torm soars after higher profit forecast
        117 17 Bloomberg [COPENHAGEN] D/S Torm A/S, the world's biggest operator of ocean-going petrol and diesel tankers, climbed the most in 20 months in Copenhagen trading after raising its full- year profit forecast to a record. Torm rose as much as 10 per cent, the most
        – Bloomberg  -  117 words
      • Article
        Lock icon Viet coal terminal resumes operations
        93 17 Reuters [HANOI] Vietnam's main coal export terminal yesterday resumed shipments at about 70 per cent of capacity after an accident last week, but movements have been slow and it may take a month to restore full-scale operation, the state coal miner said. Three of the
        – Reuters  -  93 words
      • Article
        Lock icon Malta shipyard to shed 50% of workforce
        74 17 Bloomberg [MALTA] Malta's government aims to shed more than half of the workforce at the national shipyard in the next month as it seeks buyers for the facility, Finance Minister Tonio Fenech said. The government is offering voluntary incentives to quit to its
        Bloomberg  -  74 words
  • Page 17 Advertisements
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      354 17 19 Aug 2008 The St. Regis Singapore www.tpgi.org/liquidity2ooB ASIA'S MOST HIGH-PROFILE BUSINESS FORUM FOR FINANCIAL PROFESSIONALS! The most renowned event of the year with influential names in the financial industry addressing the toughest questions relating to the global liquidity crisis, rating agencies' methodologies and challenges in risk management. "The" platform
      354 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8573 18 Transaction date: Aug 11 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 16 5.5 3148 STelecom 21.5 8 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 24 12 1938 AEI Corp 20.5 4.5 1100 AEM 37.5 15 2101
      8,573 words
    • Article
      Lock icon SGX XTRANET
      70 18 52-Wk Tel High Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 ISMSCI Spore 6101 ISS&P500 6170 SPDRS 398.3 286 6009 STI ETF
      70 words
    • Article
      Lock icon SGX CATALIST
      1803 18 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Coi Hii 20 11.5 1181 s AAGrp 31 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 10 2.5 1501 s Advanced System 38 19
      1,803 words
    • Article
      Lock icon CLOB INTERNATIONAL
      209 18 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      209 words
  • Page 18 Advertisements
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      54 18 ROYAL OAK COLLECTION SjjP^^Sfe*: WHERE EXTREMES MEET |5| Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^S^S^SJ""^^^^ J§jf t v i^.? '^if^Ml P 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 '-Jf&nr-^^6fe^ r"^^&El*> "r %-Z'|'llUa ~w*l^J > Pi Internet: Http://www.audemarspiguet.com <J* t .fc *^&i-<^^"""^
      54 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 19 %dy %yr dy yr dy yr Index Change Change Change Change Change Change All; World Index Preliminary 960.4 0.7 -15.1 0.8 -17.0 -0.1 -15.1 EAFE Preliminai 910.1 0.4 -18.8 -0.4 -20.0 -1.3 -18.1 Euro[ Prel liminan 1246.5 0.5 -19.2 -0.6 -20.5 -1.5 -18.! Pacific 789.2
      371 words
    • Article
      Lock icon PALM OIL
      61 19 Aug 11 Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low Aug 08 2711 Sep 08 2710 Oct 08 2725 Nov 08 2725 Total o/p: ***** contracts 2676 2720 2700 2674 2722 2663 2671 2728 2659 2670 2725 2659 Turnover: ***** Market tone:
      61 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 19 Aug 11 STI SIMSCI Aui 350.7 351.1 346.7 Taiwan Aui 282 284.5 281.3 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 19 Aug 11 Bid Offer 1-month 1.4005 1.4020 2-months 1.3986 1.4001 3-months 1.3967 1.3983 6-months 1.3915 1.3930 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 19 Aug 11 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2534 1.2551 0.8936 0.8941 Canadian dollar 1.3175 1.3192 0.9393 0.9398 Euro 2.1099 2.1122 1.5043 1.5046 NZ dollar 0.9912 0.9935 0.7067 0.7077 Sterlini 2.6966 2.6996 1.9226 1.9231 US
      157 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      313 19 Aug 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 97.1800 97.0000 96.9200 96.7550 ***** ***** 7950 4315 EUROYEN TIBOR FUTURES Sep08 99.165 99.165 Dec08 99.210 99.210 Mar09 99.220 99.230 Jun09 99.160 99.190 Sep09 99.120 99.145 Dec09 Mar10 Jun10 99.165 99.210 99.205 99.120
      313 words
    • Article
      Lock icon SICOM FUTURES
      295 19 Aug 11 KUbbbK Futures (Closing prices) RSS 1 (S cents/kg) Month High tow Close Sett Volume (tonnes) Open Interest Sep 08 Oct 08 Nov 08 Dec 08 Jan/Mar 09 Apr/Jun 09 410.00 405.75 402.25 400.75 399.25 400.75 RSS 3 (US cents/kg) Month High tow Sett Volume (tonnes) Open
      295 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 19 As at 9am Aug 11 Singapore dollars to one unit of foreign currency: Currencies Bid it Offer Aust dollar 1.2420 1.2570 .an dollar 1.3100 1.3260 Euro 2.0930 2.1180 NZ dollar 0.9790 1.0000 iterlini md 2.6840 2.7130 US dollar 1.3990 1.4150 Local dollars to 100 units of
      130 words
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      Lock icon INTERBANK RATES
      172 19 Aug 11 fer Overnight 1-month 2-months 3-months Overnight mode: 5/8 US$ 5/8 7/8 15/16 1 Offer 1/2 3/4 13/16 7/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.40 2.62 2.85 3.03 3.20 3.30 3.40 Offer 2.30 2.52 2.75 2.93
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      Lock icon INTERBANK CROSS RATES
      451 19 Aug 11 luro ren Ion 'eso lam 'ouni wstralia 0.951 6.131 0.594 6.982 37.618 82.011 0.981 9.223 2.964 1.264 65.586 39.571 1.254 6.860 0.963 27.876 30.163 0.465 0.894 Canada 1.051 6.445 0.625 7.339 39.541 86.203 1.032 9.694 3.116 1.329 68.939 41.593 1.318 7.211 1.012 29.301 31.705 0.489
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      Lock icon PRECIOUS METALS
      138 19 Aug 11 (US! t/oz) Aug OS Aug 11 Hong Kong London 864.10 864.20 865.10 865.20 Aug 08 Aug 07 851.80 872.40 853.00 873.30 Source: Reuters CAST BAR (S$) Aug 11 Buying Sellini Kilobar "42,002.85" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
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      Lock icon SIBOR
      68 19 Aug 11 mth 2.***** 0.***** mths 2.***** 1.***** mths 2.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** 2 mths 3.***** 1.***** iWAP Offer rates (S$) mth 0.***** mths 1.***** mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.*****
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      Lock icon GOVERNMENT SECURITIES
      89 19 Aug 11 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****Z 13.11.08 1-Year BY*****N 04.05.09 0.63 0.85 0.68 0.5 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 15-Year
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      Lock icon LONDON METALS
      72 19 AugS\ ai..»:«:.. u nn in/ iri iiuiii, yy.i (US$/tonne) Close Previous Cash 2799.80 2868.20 3 months 2850.00 2918.00 Copper, Grade A (US$/tonne) Cash 3 months 7523.00 7400.00 7810.00 7665.00 Lead (US$/tonne) Cash 1983.50 3 months 1974.00 2137.50 2125.00 Nickel (US$/tonne) Cash 3 months *****.00 *****00 *****.00 *****.00 Tin
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      Lock icon LIFFE
      74 19 Aug S :OCOA (Btonne) Close Prev Hii ih/Low ,ep08 1463 1495 1503/1457 )ec08 1467 1503 1515/1464 i/lar 09 1464 1499 1504/1461 day 09 1469 1504 1506/1468 IOFFEE (US$/tonne) Close Pev High/Low iep08 2325 2375 2371/2317 Mov08 2312 2361 2354/2305 Ian 09 2270 2305 2297/2261 SUGAR (US tonne) White Close
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      Lock icon CHICAGO BOT
      102 19 Aug 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 08 1199.00 1243.00 1220.00 1190.50 Sep 08 1177.00 1234.50 1199.00 1173.00 Nov 08 1180.50 1239.00 1205.00 1174.00 Jan 09 1198.25 1256.75 1220.00 1192.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 08 50.39 52.09 50.80
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      79 19 CRUDE OIL PRODUCTS Aug 8 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1 -Mth F) 115.04 WTI (Near Mth) 115.35 Dubai (1-Mth F) 114.19 Tapis blend 125.5 Minas 119.65 -2.96 -4.43 -2.12 -2.25 -1.05 PRODUCT r t/barrel (FOB S'| Close Cham Naphtha Jet Kerosene 110.30 137.80 -1.05 -3.2 US$/barrel
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      Lock icon BONDS & WARRANTS
      1001 19 BONDS WARRANTS lei lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Left 1816 Asiasons Capital Ltd W*****7 7 0.5 80 1 6 12 1.46 13 l014Capitaland BNP ECW*****8 12 0.5 170 0.1 493 17 1015 Capitaland BNP ECW*****2 10 0.5 10 0.1 593
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      2303 20 m The Business Times Shipping Times M B*^ itf KtPlWJlrffiKlSMiftl'llJJJEffilffl Ml WAN HAI INTERNATIONAL PTE LTD A A?V VSV BmHBIsIBeI&MjJM^ IVTTi'V. IAfALI MAI HHPr TEL *****588 (14 LINES) FAX: *****163 1 *a«J;||l|}|(^:|| BffWSJBBBaiISB^BBCTM BJiSfllißißl^^ I \>\N 1 WAN HAI INtS <«'»'n«s«vi<e/Bookings Direct Une-(1800) *****200 HlH'lSßwlnl'Rilwitltltfiß \l_ V linil blllfcl* pkl
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      3086 21 to AUSTRAL ASIA LINE I^Z^ll] I W3M H R H H I titt 3®ifQ|^ \</~C£-J AS A AUSTRALIA SERVICE Accepting Container/iO/Sreakbulk/Project HiH <^~«/t™ ■BSZ^E^E^E^E^En^E^E^Eßl^E^EßSl^E^Eaii^E^EHnil^E^EKSl^E^Eßll^Eß lg^s« WEEKLY EXPRESS SAILING SCHEDULE I CAPE CONWAY 10A8 15/08 20/08 19/09 25/09 28/09 02/10 B^MH MSnWtSISKSIWIXtWfItTI'tSftTSSiJISr^inTKFfTS CAPE MORETONIIAB 20/09 23/09 27/09 09/10 13/10 17/10 20/10
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      3424 22 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • INDUSTRIAL SPACE
    • Article, Illustration
      Lock icon Changing the landscape to suit the times
      1273 24 CLARISSA TAN looks back at the 1980s and how JTC responded to one of Singapore's worst downturns AH, the 1980s. How can we ever forget the big hair, the shoulder pads? When you think of this rather loopy decade, when everyone was trying
      1,273 words
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      128 24 IMclViycll6 tO Wnclc 1116 Minutes off Singapore's southwest edge is Jurong Island, one of the world's WOHd'S l@3ClinCl Ch@mJC3l largest one-source petrochemicals centres. Home to over 90 of the world's _aro leading petroleum, petrochemicals, specialty and supporting companies, this unique cluster development offers an integrated network of infrastructure, iJUrUily lolcif
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      17 24 This series is brought to you in conjunction with JTC's 40th anniversary. 40 nf TTP 1968-2008 uorporouon
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  • PROPERTY
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      Lock icon Home sales to hit record this year, says Megaworld
      714 25 Bloomberg Despite rising prices, Philippine builder says demand is not flagging [MANILA] Megaworld Corp, the Philippine builder controlled by billionaire Andrew Tan, says that apartment sales will reach a record this year as the nation withstands a credit crisis that triggered
      – Bloomberg  -  714 words
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      Lock icon Ayala Corp Q2 profit falls 38%
      357 25 Reuters [MANILA] Ayala Corp, the Philippines' most valuable conglomerate, said that se-cond-quarter net income slid 38 per cent, as bank and telecoms earnings weakened, and warned that inflationary pressures would hit its second half. "We expect operating conditions to remain challenging for the balance
      – Reuters  -  357 words
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      Lock icon NZ home prices fall for first time since Feb 2005
      363 25 Bloomberg [WELLINGTON] New Zealand's house prices fell from a year earlier for the first time in more than three years in July as record-high interest rates eroded demand for tyAverage prices dropped 2.2 per cent from a year earlier, Quotable
      Bloomberg; BLOOMBERG  -  363 words
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      Lock icon State property at Changi on offer
      322 26  -  UMA SHANKARI The parcel has a land area of 104,044 sq ft and GFA of 54,864 sq ft HOTEL operators can look forward to another state property to develop this time at Changi. The Singapore Land Authority (SLA) yesterday launched the plot part of
      322 words
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      Lock icon Russell to double Asia property investments
      208 26 Reuters [SINGAPORE] US-based Russell Investments, which manages over US$2ll billion in assets, wants to boost its exposure to Asian real estate as it sees growing markets in China and India withstanding a global downturn. The company, which raises money from institutions such as pension
      – Reuters  -  208 words
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      Lock icon M'sian developer SDB launches first project here; more to come
      555 26  -  UMA SHANKARI MALAYSIAN property developer Selangor Dredging Berhad (SDB) is making a foray into Singapore, and the company is not about to be put off by the slowing economic environment. SDB, which is listed on Bursa Malaysia, has started marketing
      555 words
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      481 25 Office Space for Lease Phoenix Park Office Campus illll *****^^ (Former Ministry of Home Affairs Complex along Tanglin Road) RJnmJH! fflS^lSffl Sjffifti Total area of 142,000 square feet Amenities include: _ES3ZQmi£EUMuH EEEnEmI Single-storey, two-storey and three-storey 24-hour security |—i RAFFLES 2rj SPORE CHINESE GIRLS SCH (PRI) standalone office buildings set
      481 words
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      38 25 ME%SrKI2m4 4 strata units total 8700sf (single floor) Tenure 999 years Close Proximity to Raffles City and Suntec City Panoramic View Spore River/Marine Bay Tenanted with Good Rental Yield Maggie Ang 9762 8882 Audrey Chung 9030 6853 era
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      277 26 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
      277 words