The Business Times, 26 June 2009

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Total Pages: 29
1 29 The Business Times
  • 21 1 THE BUSINESS TIMES Ssl oo online at http://www.businesstimes.com.sg Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, June 26,2009
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  • 826 1  -  YEN SREENIVASAN 50 CIMB remisiers sent on home quarantine after one of them catches virus from his son; ministry expects HINI cases to rise By [SINGAPORE] It was just a matter of time, but the HINI flu has finally landed in the heart of
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  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.446 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 47 1 lursi lay lange 1COMP 1,074.11 +16.26 IIKKEI225 9,796.08 +205.76 1ANG SENG 18,275.03 +382.88 ;et index 590.60 +9.17 JAKARTA COM P 2,044.17 +48.50 IANILACOMP 2,467.56 +51.73 ;eoulcomp 1,392.73 +28.94 ;henzhen b 479.34 +0.84 IUMBAI IND 14,345.62 -77.11 12 noon EDT Cham )OW 8,443.83 +143.97 IASDAQ 1,823.44 +31.10
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    • 43 1 IS$ (S$ per US$) 1.457 (US$/S$ ier£) 1.635 2.382 ;URO (US$/S$/E) 1.395 2.032 Foreii in curreno ier US$ S$ 'EN 96.40 66.20 3.536 2.427 IK$ 7.750 5.320 !AHT 34.15 23.44 lUPIAH 10,257 7,041 lENMINBI 6.834 4.692 INDIAN RUPEE 48.56 33.33 1.252 0.859
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  • 563 1  -  CHUANG PECK MING 25 members will look at future growth areas and optimal resource use By [SINGAPORE] The Ministry of Finance yesterday unveiled the members of the Economic Strategies Committee (ESC) and spelt out its mission to develop strategies to keep the economy growing and
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 92 1 WINE W'*t BERNANKE WATER WEEK M^m WEALTH Time to break out Fed chairman denies Hyflux looking to expand jl I Number of wealthy the' 96 Bordeaux ?**^^Ps( pressuring Bank into eastern Europe M W^M Singaporeans shrinks rage 27 of America rage 4 page 9 I E^ by 22% page 2
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  • TOP STORIES
    • 720 2  -  OH BOON PING Globally, high net worth individuals' wealth falls 19.5% to USs32.Bt in 2008 By [SINGAPORE] The number of wealthy Singaporean individuals fell 21.6 per cent to 61,000, largely due to losses in the equity and property markets, according to Merrill Lynch and
      REUTERS  -  720 words
    • 493 2  -  KALPANA RASHIWALA By [SINGAPORE] Investment sales of Singapore real estate so far this quarter have hit $953.9 million, a jump of 248 per cent from $273.8 million in the first quarter, says CB Richard Ellis (CBRE). The increase came as residential
      :CB Richard Ellis  -  493 words
    • 508 2  -  l NISHA RAMCHANDANI By [SINGAPORE] Singapore Telecommunications' lead independent director Kaikhushru Shiavax Nargolwala held 37,000 shares in rival telco Star Hub as at March 31, 2009, although he has since sold the shares. "We understand that he sold those shares in May 2009," said
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    • THREE-MINUTE DIGEST
      • 50 2 THE HINI flu has finally landed in the heart of Singapore's financial district. CIMB Securities yesterday ordered 50 of its remisiers at its Raffles Place office to go on home quarantine after one of them caught the HINI virus from his son. FRONT PAGE
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      • 48 2 THE Ministry of Finance yesterday unveiled the members of the Economic Strategies Committee and spelt out its mission to develop strategies to keep the economy growing. The 25 members, headed by Finance Minister Tharman Shanmugaratnam, include 14 from the private sector. FRONT PAGE
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      • 63 2 THE number of wealthy Singaporean individuals fell 21.6 per cent to 61,000, largely due to losses in the equity and property markets, according to Merrill Lynch and Capgemini's latest wealth report. The combined fortunes of the well-heeled in Singapore could have fallen by about
        63 words
      • 66 2 THE US Federal Reserve held rates unchanged on Wednesday and expressed confidence that the economy is on a course towards recovery. In a statement after its Federal Open Market Committee meeting, the Fed also said that inflation fighting is not on the committee's mind,
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      • 63 2 SINGAPORE pawnbrokers extend $2 billion, or one per cent of GDP, in new credit annually and generate close to $370 million in revenue, a Morgan Stanley report said yesterday. Each month, pawnbrokers originate 220,000 loans, with an average size of $700 per pledge. The monthly run
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      • 39 2 MOODY'S Investors Service says the outlook for Singapore banks and the Asian banking industry is negative as it expects a substantial increase in non-performing loans amid rising corporate defaults. COMPANY NEWS, PAGE 6
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      • 62 2 SHARES of Hyflux surged as much as 18 cents or almost 9 per cent yesterday after the company announced that it will build two water desalination plants in Libya. The stock closed trading at $2.24, up 16 cents or 7.7 per cent with
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      • 70 2 STANDARD Chartered, which gets two thirds of its revenue from Asia, has reported record levels of income and profit in the first five months of this year, though it said it remained cautious on the economic outlook. The results were driven by "a very strong
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    • 779 4  -  ANDREW MARKS US central bank stays its hand on rates, reassures on inflation policy By in New York ON Wednesday as the US Federal Reserve deliberated on policy and interest rates, Wall Street was looking to chairman Ben Bernanke for answers to several nagging
      779 words
    • 440 4 Bloomberg, Reuters LATEST US DATA [WASHINGTON] The US economy shrank at a 5.5 per cent annual rate in the first quarter less than previously thought reflecting declines in inventories, housing and business spending that have since eased. The contraction in gross domestic product (GDP), which
      Bloomberg,; Reuters  -  440 words
    • 434 4  -  TEH SHI NING By [SINGAPORE] Pawnbrokers here extend $2 billion, or one per cent of GDP, in new credit annually and generate close to $370 million in revenue, a Morgan Stanley report said yesterday. The pawnbroking business is "more active and sustained than we thought", the banking
      FILE PHOTO  -  434 words
    • 596 4 AP, Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke told Congress yesterday that he did not pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers US$2O billion. Mr Bernanke told a House committee investigating the matter that he
      AP, Bloomberg  -  596 words
  • Page 2 Advertisements
    • 241 2 Ready for home entertainment that's larger than life 9** Enjoy huge savings from our GSS Sale! Ifl p^ JS| KES SONY, OSSESP SYAMAHA tf/^g LCU Energy Saving Lamps W 1 m m i )JMorelSuperNovas.l bY MEG AM AN Q __^mi morel Music Theatre System VM|BHMp|l| IPRfe 'PrfflP^ LS M L/
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  • Page 3 Advertisements
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  • Page 5 Advertisements
    • 31 5 Z-' Proudly built by: PPL SHIPYARD PTE LTD 21 Pandan Road Singapore *****3 Tel: (65) 6265 0477 Fax: (65) 6264 4130 a Subsidiary of f^W sembcorp Email: corporate@ppl.com.sg Website: www.ppl.com.sg marine
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  • COMPANY NEWS
    • 548 6  -  LYNETTE KHOO Rating agency also has negative outlook for Asian banking industry By MOODY'S Investors Service says the outlook for Singapore banks and the Asian banking industry is negative as it expects a substantial increase in non-per-forming loans (NPLs) amid rising corporate defaults. For
      548 words
    • 371 6  -  TEH SHI NING Aberdeen chief thinks it's been an exceptionally strong bear market rally By GLOBAL equities markets, including those in the Asia-Pacific, are unlikely to see real recovery for now, the managing director of Aberdeen Asset Management Asia said yesterday. "It's not green
      FILE PHOTO  -  371 words
    • 134 6 THE Capital Group Companies Inc (CGC) has emerged as a new substantial shareholder of Oceanus Group after its deemed stake in the company rose from 4.73 per cent to 5.22 per cent or 92.1 million shares. CGC is a holding company for several subsidiary companies
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    • 350 6 IN A further response to Singapore Exchange's query on the trading activity of its shares, Chemoil said yesterday that its majority shareholder is in talks for a possible sale of its stake. "The company has been informed that the majority shareholder is currently
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    • 309 6  -  LEE U-WEN By IT was a busy day for Singapore's largest water company, Sembcorp, at the Singapore International Water Week (SIWW) yesterday. First, the company inked a three-way deal with local water technology companies United Envirotech and Memstar to testbed a new wastewater
      309 words
    • 234 6 OVERSEAS Union Enterprise (OUE) said yesterday two of its indirect fully owned units have obtained a secured term loan facility for up to $300 million. The arranger and security agent for the facility is Standard Chartered Bank and the facility agent is Standard
      234 words
    • 551 7  -  CHEW XIANG It will build and own a 49% share in two plants in Tripoli and Benghazi By SHARES of Hyflux surged as much as 18 cents or almost 9 per cent yesterday after the company announced that it will build two water
      551 words
    • 482 7  -  LYNETTE KHOO By TMC Education Corporation said yesterday that its proposal to change auditors from Horwath First Trust LLP to KPMG LLP is aimed at meeting new changes facing the private education industry. The company said that the regulators of private education providers in
      482 words
    • 321 7 As of February 2009, the firm owes $239 m to 21 banks TT International yesterday said trading of its shares could remain suspended up till at least July 29, the deadline set for a meeting of creditors to approve a scheme
      321 words
    • 239 7 WELDING, gas and safety solutions specialist Leeden expanded its regional reach by boosting its Thailand operations with the opening of a new office, showroom and warehouse in Chonburi, building on its strategy of being near its markets and customers. "The setting up of facilities near our
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    • 684 7  -  CHEW XIANG ALMOST 14 months ago, Hyflux announced that it had won a $630 million contract to build a mammoth desalination plant in Magtaa, Algeria. At the time, BT urged caution in this same column. The company had been burnt by a previous unsuccessful
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  • Page 6 Advertisements
    • 871 6 w A MAIS NOTICE OF FINAL MEETING 17 IN THE MAnER OF THE I|| IN THE MATTER OF COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CHAPTER 50 *.wmr«niM#«,i, wm-.jw INTHEMATTEROF AND AND IN THE MAnER OF IN THE MATTER OF THE £a™Io. ACT SIEMENS IT SOLUTIONS AND SERVICES (CHAPTER 501
      871 words
    • 1041 6 A MATS JL^l^-X JL JL^^ JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg •www.cats.com.sg NOTICE OF rREniTORC Of MEETING I T( "fl THE COMPANIES ACT THE COMPANIES ACT inthfmattfbof ELECTROTECH INVESTMENTS LIMITED —> (CAP. 50) (CAP. 50) THE COMPANIES ACT (CHAPTER 501 (Incorporated in the Republic of Singapore) ELECTROTECH MUN HEAN
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  • Page 7 Advertisements

  • SINGAPORE MARKETS
    • 587 8  -  R SIVANITHY STOCKS Activity picks up after subdued morning as traders continue to bet on indices being window-dressed THE rebound in the Straits Times Index (STI) after a two-week selloff- continued into a second day yesterday as traders continued to bet on indices being
      Bloomberg  -  587 words
    • 97 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 13 2 3 0 0 0 13 2 3 lanufacturing 73 31 54 78 37 63 Commerce 26 22 30 10 25 )t/Stor/Comms 21 10 22 10 10 :inance 13 13 Construction 10
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    • 115 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 13,751 13,751 38,458 38,458 lanufacturing 343,715 44,051 387,766 219,027 2,236 221,263 lommerce 99,390 5,766 105,156 76,326 3,314 79,640 'pt/Stor/Comms 138,488 395 138,883 181,660 66 181,726 :i nance 49,866 49,866 289,539 289,539 lonstruction 41,067 4,980 46,047 10,717 87 10,804 'roperties
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    • 101 8 lapitaLand 3.770 +0.120 lapitaMall 1.380 +0.010 jtyDev 8.800 +0.270 lomfortDelGrc 1.280 -0.010 losco Corp 1.290 +0.010 IBS Grp 11.560 +0.200 :&N 3.880 +0.140 ienting SP 0.670 +0.020 iolden Agri 0.385 +0.008 IK Land 3.610 +0.150 IMH 24.800 +0.040 ISH 13.800 -0.020 lardineC&C 18.220 -0.040 Ceppel Corp
      101 words
    • 944 8  -  JOYCE HOOI Singapore Exchange June 25 close: $7.17 KIM ENG RESEARCH TEAM, June 25 AVERAGE daily turnover (ADT) stays resilient. The ADT remains resilient in June, hovering at $1.7 billion levels. Rising confidence in equities has driven the ADT in Q4 2009 (April June) up by a notch,
      944 words
    • 426 8 ■AFP CURRENCIES -[TOKYO] The US dollar extended its gains against the yen in Asian trade yesterday after the Federal Reserve maintained its stimulative monetary policy aimed at lifting the US economy out of recession. The US dollar rose to 96.19 yen in Tokyo afternoon
      ■AFP; REUTERS  -  426 words
    • 4 8 DAILY
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    • 60 8 Jun 25 VALUE CLOSE IT OB/OS -669.00 +297.C IT CADI -*****.00+136. IT 10-day MA -*****.00 -67.0' TSE ST Mid Cap 521.62 +7.2 TSE ST Small Cap 428.96 +5.4: TSE ST All Share 562.32 +6.1 TSE ST China Top 241.33 +4.0 TSE ST China 237.11 +4.3 TSE ST
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    • 58 8 VOLUME China Honqxinq 131,818,000 Keppel Land 46,891,000 Golden Agri 41,456,000 Gentinq SP 39,053,000 Capita Land 36,661,000 Mercator 29,333,000 ChinaNTown 25,365,000 China Sports 23,863,000 Sing Tel 22,431,000 Achieva 22,323,000 VALUE(S) Capita Land 138,162,610 DBS Grp 132,899,836 Keppel Land 103,251,520 Sing Tel 66,793,150 OCBC Bk 54,719,780 UOB 47,605,340 SGX
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    • 103 8 CLOSE UP iBXT FTVietnam 10US$ 4700 451.4 7.1 LD 10US$ 9180 67.0 0. China H 10US$ 1399 61.2 3.1 fxor Emen |Mkts 1 760 43.7 4.1 ICBC Bk5.1%NCPS 100 9580 30.0 0. IQB 5.05%NCPS 100 9790 30.0 0. iBS.ES.0906 1158 28.0 2. At 880 27.0 3., iland.ES.0906 378 24.0
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    • 120 8 BY CENTS CLOSE DOWN 6922-113.6 -1.1 DBXT S&P Short 10US! ISMSCI India 100 529 -16.0 -2.0 SIA 1264 -16.0 -1.3 SIA.ES.0906 1266 -16.0 -1.2 India Ni 10 1284 -12.0 -0.! I seta n 301 -9.0 -2.9 Great Eastern 1038 -8.0 -0.8 IFS Cai lital 45 -5.0 -10.' STI 2800SGAePW*****9
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    • 82 8 Jun25 CLOSE CHNG FRJUI124 YR SSLOW R2009 S$ HIGH USS 1.4569 -0.24 1.5579 1.4308 Euro 2.0341 0.78 2.0732 1.9150 Pounds 2.3814 1.23 2.4000 2.0356 1.1644 0.00 1.1816 0.9453 ren* 1.5115 1.07 1.7278 1.4831 Rupiah* 0.***** -1.11 0.***** 0.***** Baht* 4.2681 -0.23 4.3390 4.1040 Peso* 3.0145 0.11
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  • SINGAPORE NEWS
    • 447 9  -  JOYCE HOOI World Bank chief economist also calls for investments in 'bottleneck' areas By THE doomsayer's new catchphrase is no longer "financial crisis", it is "real crisis" and only a concerted global effort in fiscal stimulus can turn the situation around, according
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    • 515 9  -  UMA SHANKARI By COLLIERS International's latest annual survey of parking rates in central business districts (CBDs) worldwide reveals that Singapore is still one of the lower-priced cities to park a car, based on average monthly car park rates. Singapore ranked 13th out of 21 Asia-Pacific
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    • 383 9  -  LEE U-WEN SINGAPORE WATER WEEK By SINGAPORE water treatment firm Hyflux is looking to expand into eastern Europe in the near future, with countries such as Russia, Hungary and Ukraine on its radar. This, after the company has already successfully made inroads in
      383 words
    • 396 9  -  ARTHUR SIM By RESORTS World at Sentosa (RWS) will complete all structural buildings by next month 27 months after it broke ground in April, 2007. Michael Chin, RWS executive vice-president, said yesterday that the Ministry of Manpower (MOM) has approved the company's request to increase the
      CHUNG KUN SOON/ZAOBAO ,7_. 7 _j-_ ,7 ~ j-  -  396 words
    • 251 9  -  UMA SHANKARI By THE Urban Redevelopment Authority (URA) will launch a public tender for a hotel site at New Bridge Road in two weeks' time, it said yesterday. The 0.45 ha site was made available for sale through the government's reserve list system
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    • 276 9  -  NISHA RAMCHANDANI By A HANDBOOK for incorporating waterscapes in developments was launched yesterday at Singapore International Water Week. "The ABC Waters Design Guidelines handbook is meant to be a 'living' document that provides general guiding principles," said Tan Nguan Sen, PUB's director of catchment and
      276 words
    • 297 9  - Temasek's anniversary gift a new charity JOANNE TANG By TEMASEK Holdings has formed a new charity that benefits the underprivileged in Singapore to commemorate the investment company's 35th anniversary. The charity, called Temasek Cares CLG Limited, will be supported by an endowment of $100 million. "As a long-term investor, we
      297 words
    • 274 9  -  ZHANG Yl TING By YOUNGER people are particularly susceptible to HINI flu, with nearly half of all confirmed cases in Singapore involving those under 20. Some 30 per cent are 20-29 years old, while patients above 50 make up just
      274 words
  • Page 9 Advertisements
    • 61 9 A MAIS O State Bank of India Singapore State Bank of India, Singapore, proposes to purchase residential apartments, in condominiums, for its officers. Builders/SeLLing agents/Owners may visit our website www.sbising.com under "Other Announcements" for the fuLL details and submit their offers to the Chief Financial Officer, State Bank of India,
      61 words

  • ECONOMY WATCH
    • 498 10 Reuters Consumer sector resilient, banks healthy, commodity prices buoyant [RIO DE JANEIRO] Brazil, among the last major economies to feel the effects of the financial crisis, is showing growing signs of a rebound on the back of resilient consumers, a healthy banking sector
      – Reuters  -  498 words
    • 627 10 Reuters One-third of expats in Russia earn over U*****,000 a year [SINGAPORE] Want the good life despite the dire economy? Head east, according to a survey showing some of the world's highest-paid expatriates live in Asia and the Middle East. A third of
      – Reuters  -  627 words
    • 451 10 Reuters [LONDON] Bank of England governor Mervyn King said on Wednesday he had not yet been consulted on government financial regulation proposals expected next week, in another sign of tension between the Treasury and central bank. Mr King also reiterated his warning that the
      – Reuters  -  451 words
    • 383 10 Bloomberg [BANGKOK] Thailand's economy may contract as much as 3.5 per cent this year as exports and tourism decline, the Finance Ministry said yesterday. South-east Asia's sec-ond-largest economy may shrink 2.5 per cent to 3.5 per cent this year, Ekniti Nitithanprapas,
      Bloomberg; AFP  -  383 words
    • 416 10 -AP [OMAHA, Nebraska] Billionaire Warren Buffett said on Wednesday the US economy has not yet had any bounce and will take some time to recover, but he complimented the government's efforts over the past year to solve the problems. Berkshire Hathaway's chairman
      -AP; REUTERS  -  416 words
  • Page 10 Advertisements
    • 478 10 W^MS9 [BATS g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEUROVISION PTE. LTD. [In Members' Voluntary Liquidation] (Co. Reg. No. *****2594R) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and deemed to be held
      478 words

  • MALAYSIA/INDONESIA
    • 230 11 -Reuters [JAKARTA] Indonesian President Susilo Bambang Yudhoyono, who is seeking re-election next month, has nominated his finance minister as a candidate for the post of central bank governor, a presidential spokesman said yesterday. Sri Mulyani Indrawati, 46, who is also economic co-ordinating
      -Reuters  -  230 words
    • 594 11  -  S JAYASANKARAN Dividend to be paid to federal govt rises 25%, despite fall in earnings By in Kuala Lumpur MALAYSIA'S national oil corporation Petroliam Nasional, or Petronas, registered a 13.9 per cent decline in net profit to RM52.5 billion (5521.7 billion) for the year
      REUTERS  -  594 words
    • 459 11  -  i S JAYASANKARAN By in Kuala Lumpur THE board of Petroliam Nasional, or Petronas, has deferred a request to appoint Omar Mustapha, a key aide of Prime Minister Najib Razak, to the board of the national oil corporation. According to oil industry officials,
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  • Page 11 Advertisements
    • 1317 11 V*^L k A-^V^T^T/^-T' r> Toll free: 1800-289-8822 w |\l II rt Email: notices@sph.com.sg _L^l V^>/ A I y j I i i www.cats.com.sg INTHEMATTEROF IN THE MATTER OF INTHEMATTEROF I THE COMPANIES^, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIESACT, CAP. 5 0 THE COmPa^EsIc^CAP. 50 INTHEMATTEROF IN THE
      1,317 words
    • 1571 11 V<^ ffi-vT^T/nr r< To"free: 180°-289-8822 V IVIII l-( V Email: notices@sph.com.sg JL^I V->/ JL I V._^ 1 t,_* www.cats.com.sg INDIABULLS PROPERTIES INVESTMENT TRUST (Registration Number: *****01) (a business trust constituted on 7 May 2008 under the laws of the Republic of Singapore) MANAGED BY INDIABULLS PROPERTY MANAGEMENT TRUSTEE PTE. LTD.
      1,571 words

  • GREATER CHINA/INDIA
    • 473 12 Reuters Both deals show renewed interest among US investors for Chinese firms [NEW YORK] Two Chinese companies made their US trading debuts with strong rallies on Wednesday after going public on the New York Stock Exchange, but only one ended
      Reuters  -  473 words
    • 606 12 -AFP [BEIJING] Shopping for a new negligee, Beijing resident Ha Li is looking for something that is, as she puts it, "as easy to take off as to put on". Filling such needs is getting easier for Chinese like Ms Ha, 23, who
      -AFP  -  606 words
    • 327 12 ■AFP [BEIJING] China is considering a stock market listing for its valuable Bei-jing-Shanghai railway line to raise funds for the nation's massive rail construction plans, state media said yesterday. The Ministry of Railways is mulling restructuring the line linking the country's two richest cities
      ■AFP  -  327 words
    • 427 12 Bloomberg [NEW DELHI] India's wholesale prices declined for a second straight week as demand slowed in an economy growing at the weakest pace in seven years. The benchmark whole-sale-price inflation index fell 1.14 per cent in the week to June 13 from a
      Bloomberg; REUTERS  -  427 words
    • 406 12 Reuters [GENEVA] US Trade Representative Ron Kirk said he is looking forward to working closely with his new Indian counterpart after a series of encouraging meetings. His comments on Wednesday indicated that one of the most troubled relationships in international trade
      Reuters  -  406 words
  • Page 12 Advertisements
    • 379 12 PiE—"; INDIAN CHAMBER O A O L/XXLTIJU/LAHJ INDUSTRY Institute of South Asian Studies An overview and its impact on foreign businesses and investors Date The presentation of the Annual Budget by the Finance Minister of India on Thursday 9 July 2009 is a major event announcing important economic, fiscal and
      379 words
    • 21 12 WEDDING WOWS! Don't expect too much of the traditional at upcoming Indian weddings here taWal THE HEARTBEAT OF THE INDIAN COMMUNITY
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  • ASIA-PACIFIC/WORLD
    • 433 13 Bloomberg US asks Beijing to revoke order requiring access curbing software [HONG KONG] Google Inc, criticised by China for disseminating "vulgar content", said it's investigating whether its Google.com website is inaccessible in the country. "We have received reports that most users cannot access Google.com
      Bloomberg; AP  -  433 words
    • 335 13 ■AFP [WASHINGTON] The US Senate on Wednesday approved a bill to triple civilian US aid to Pakistan, a bid to cement a long-term partnership and help defeat Islamists who threaten the nuclear-armed ally's stability. Lawmakers unanimously approved the measure, which ties US
      ■AFP  -  335 words
    • 338 13 -AFP [MELBOURNE] Some 85 per cent of Australians believe the country has a problem with racism, new research has shown following renewed ethnic tensions in recent weeks. The study, led by University of Sydney social science professor Kevin Dunn, found one-in-five had
      -AFP  -  338 words
    • 643 13 Jobs' serious illness is 'material' information: lawyers [LOS ANGELES] Steve Jobs' medical condition turned out to be more serious than Apple Inc officials previously acknowledged and that has analysts and legal experts questioning whether the company ran afoul of federal securities rules. Apple
      LAT-WP  -  643 words
    • 259 14 Bloomberg [ZURICH] ÜBS AG appointed Chi-Won Yoon as chairman and chief executive officer for the Asia-Pacific region, the fourth change in top management at Switzerland's largest bank by assets since February. Mr Yoon, 50, replaces Rory Tapner, 49, who is leaving after 25 years
      Bloomberg  -  259 words
    • 448 14 Reuters Wholesale banking's strong showing partly offset by consumer business [LONDON] Asia-focused bank Standard Chartered has reported record levels of income and profit in the first five months of this year, though it said it remained cautious on the economic outlook. The bank, which gets
      ■ Reuters  -  448 words
    • 413 14 -NYT [NEW YORK] The US Securities and Exchange Commission (SEC) proposed more stringent rules for money market funds on Wednesday in an attempt to avert runs like the one that erupted last autumn. Until last September, money market funds had been deemed
      -NYT  -  413 words
    • 358 14 Reuters [NEW YORK] American International Group Inc (AIG), which received US$lBO billion of taxpayer bailouts, said that it will give the government stakes in two big life insurance units that it plans to spin off. The embattled insurer said yesterday that
      ■ Reuters  -  358 words
    • 410 14  -  OH BOON PING By [SINGAPORE] The global market downturn has dented the trust and confidence that the well-heeled placed in regulators and financial institutions, according to the latest World Wealth Report. Indeed, the study found more than 25 per cent of the wealthy withdrawing
      410 words
    • 317 14 Aff, Bloomberg [PAßlS] The number of millionaires hit a three- year low last year as the financial crunch wiped out years of lucrative investment, shrinking the ranks of the very richest by a quarter, a study said on Wednesday. The joint study by
      Aff, Bloomberg; AP Graphic  -  317 words
    • 446 14 Bloomberg [LONDON] A Pakistani boy who could walk on burning coals propelled drugmakers on a quest for the ultimate pain treatment that can ease an ailment as old as life itself without harmful side-effects. Geoffrey Woods, a geneticist at the University
      Bloomberg  -  446 words
  • Page 13 Advertisements
    • 282 13 LUXURY yjjHiiii^^^^^^^^^B A Brunch Divine A culinary wonderland unfolded before us; over 100 choices complemented with unlimited Champagne. Freshly-shucked oysters and crustacean Sunday Champagne Brunch on ice beckoned as did the petit canapes and cheese. Meanwhile, succulent roasts and gourmet creations vied for attention alongside breakfast with unlimited Veuve Clicauot
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  • Page 14 Advertisements
    • 984 14 A WATS IN THE MATTER OF AM\ m\ THE COMPANIES ACT, CAP. 50 AM AND AM IN THE MATTER OF WIIGGLOBALVENTURESPTELTD f NOTICE OF RESOLUTIONS IN THE^ER OF At an Extraordinary General Meeting of the SIGMATEL SINGAPORE HOLDCO abovenamed Company duly convened and pjg ud deemed to be held on
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  • AVIATION/SHIPPING
    • 705 15  -  YEN SREENIVASAN Passenger demand slips 9.3% in May; decline in freight less steep at 17.4% By AFTER an almost year-long decline, international air traffic numbers appear to be stabilising somewhat, according to the latest numbers from the International Air Transport Association (lata) The
      705 words
    • 2549 15 AIRLINE CODES: AA Amencao Airlines (AAL) AF Air France (AFR) AI 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
      2,549 words
    • 243 15 Bloomberg [LONDON] The number of supertankers being used to store crude and oil products shrank by about a third since March, according to ICAP Shipping, a unit of ICAP pic, the world's biggest broker of deals between banks. About 30 very large crude carriers
      – Bloomberg  -  243 words
    • 349 15 Bloomberg LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell to its lowest level in almost two weeks in London on speculation that demand is weakening. Global trade will plunge 16 per cent this year before expanding 2.1
      Bloomberg  -  349 words
    • 282 15 Bloomberg [TAIPEI] China Airlines Ltd, Taiwan's largest carrier, raised NT$5.B billion (***** million) selling shares at a premium to repay debt and boost working capital. The airline sold 602.9 million shares at NT59.62 each in the private placement, the carrier said in a
      Bloomberg  -  282 words
  • Page 15 Advertisements
    • 375 15 STO wishes to purchase a Clean Product Tanker Announcement No. 60-ADM/2009/143 Tonnage 6500 10,000 DWT Hull Double Hull as per the IMO requirement for Clean Product Tankers Country of Built Preferred countries: Japan, South Korea &EU countries Year of Built Not older than December 1993 Class Vessel must be classed
      375 words

  • Page 16 Advertisements
    • 207 16 ■fl iui E^B feifl mSsvfelßsvifll H Am** in i i rfi Hl^ mm Jaffar i iMM|^^M|^^flfc^^^i^ l^y" i .-:r- J3 mhbi>v. IH^mm rnjar IrSl I^^H—ssi^M ifc 'I .j Bs^H BTi JJI s^s^s^s^si^b. b^b^. S^m\ m^m^ S^m\ mW ,CTTK^ Jaya Holdings Ltd "jfl^oiT #^W #^W #^W NOR Offshore Ltd NorCE Offshore
      207 words

  • EDITORIAL & OPINION
    • 477 17 AMID the justified enthusiasm for India's economic growth and dynamism, there is one aspect of the India story that probably receives less attention than it deserves, both within India and globally: the continuing struggles against insurgencies and terrorism. India has faced several separatist movements, including in
      477 words
    • 874 17  -  ROBERT SAMUELSON It's time to decide which forms of public welfare are needed to protect the vulnerable AISED in an individualistic A culture, Americans dislike the concept of the "welfare state" and do not use the term. But make no misA take, the United
      AP  -  874 words
    • 794 17  -  FRANK CHING THE BOTTOM LINE THE publication of the secretly recorded memoirs of former Chinese Communist Party leader Zhao Ziyang, who spent the last 16 years of his life under house arrest for opposing the crackdown on student protesters in Beijing's Tiananmen
      794 words
    • 1193 18  -  RICHARD SHULTE It is one of the most powerful assets of an international organisation but it needs to be managed as all other assets By ONE of the main pillars in the building of business globalisation is diversity, an asset that is often under-valued by the
      AFP  -  1,193 words
    • 923 18  -  MARK GILBERT By DEAR investor, our statutory obligations demand that we update you on how well we've taken care of your money here at Coin-Toss Investment Management. Attached to this missive is a picture illustrating our fund's performance this year, showing how wonderfully our
      AFP  -  923 words


  • SINGAPORE STOCK
    • 8555 19 Transaction date: Jun 25 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil >ari] 9 3 3148 8Telecom 10 2.5 5834 A-Sonic 29 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8 1 1100 AEM 23 7 2101 APOil 71 26.5
      8,555 words
    • 1555 20 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 4 05 1501 s Advanced System 8.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 14.1 2 1524 t Alantac 19.5 3.5 7814
      1,555 words
    • 379 20 52-Wk Tel h Low Code Last Sale Vol COOP) Day ih Low Last Quote Buyer Seller Div GrYld Cvr Net P/E MCap Slllil Hii Comi Hii 109 100 6389 ABFSG Bond ETF 107.1 905 427 CIMBAsean40 1OOUS$ US643 +11 246 149 DBS STI ETF 100 230 unch 2772
      379 words
    • 254 20 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
      254 words
    • 9382 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.772/ AIGIF Spore Bond Fund/A 1.262/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.92/ APS Alpha Fund (USD)!** 0.63/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.508/ APS Komaba Global
      9,382 words
  • Page 19 Advertisements


  • FINANCE & COMMODITIES
    • 380 21 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jun24 World Index Preliminary 691.6 1.6 2.0 1.6 4.7 1.8 3.1 t EAFE Prel liminai 661.8 1.5 1.9 1.7 5.9 1.9 5.1 Euroi Prelim inan
      380 words
    • 120 21 As at 9am Jun2S Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1540 1.1880 .an dollar 1.2540 1.2690 luro 2.0220 2.0440 IZ dollar 0.9250 0.9450 iterlini ind 2.3840 2.4100 JS dollar 1.4480 1.4650 .ocal dollars to 100 units if foreign currency:
      120 words
    • 150 21 Jun2s )vernight 1/16 I-month 7/16 'months 9/16 3-months 11/16 Overnight mode: 1/16 JS$ Offer 1/32 3/16 5/16 7/16 Bid 1 days I month I months months d months months I I. (All 0.37 0.42 0.75 0.85 1.15 1.70 1.80 Offer 0.27 0.32 0.45 0.55 0.85 1.40 1.50 Bid
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    • 10 21 Jun2S STI IIMSCI Jun 273.8 278.4 276.1
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    • 18 21 Jun 25 Bid Offer -month 1.4562 1.4577 1.4562 1.4578 {-months 1.4561 1.4578 >-months 1.4561 1.4579
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    • 60 21 Jun2S lelivery flonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low lul 09 2320 2362 2366 2315 943 2668 Hug 09 2265 2342 2346 2265 3136 ***** >epO9 2268 2336 2340 2267 7435 ***** 3d 09 2279 2335 2337 2279 2139 4374 Total o/p:
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    • 289 21 Jun2S URODOLLAR FUTURES >epO9 DecO9 VlariO lun10 99.3000 99.0700 98.7900 98.3900 ***** 3695 4604 2855 EUROYEN TIBOR FUTURES >epO9 99.500 99.500 DecO9 VlariO 99.510 99.510 un10 >ep10 Dec10 \/lar11 un11 99.500 99.510 99.505 99.515 99.505 99.485 99.430 99.385 99.300 99.240 505 25 20 9656 2694 2475 1043
      289 words
    • 188 21 Jun 25 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lul 09 161.8 \ug 09 iepO9 160.0 DctO9 157.5 \lov09 157.5 Dec 09 157.5 161.5 160.0 157.5 157.5 157.5 161.8 161.0 160.0 157.5 157.5 157.5 42 100 3 3
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    • 88 21 Jun 25 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****E 24.09.09 -Year BY*****W 03.05.10 0.25 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year N5O61OOE 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X
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    • 103 21 Jun24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 09 1185.00 1179.00 1194.50 1170.50 Aug 09 1122.50 1114.00 1130.00 1106.00 Sep 09 1055.00 1048.00 1062.00 1042.25 Nov 09 1008.00 1004.50 1016.75 995.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 36.44 36.93 36.96 36.15
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    • 74 21 CRUDE OIL PRODUCTS Jun24 origin! t/barrel Close Cham irent blend (1-Mth F) 69.04 1.91 VTI (Near Mth) 68.07 -0.7! iubai (1-Mth F) 68.00 2.0: "apis blend 72.45 1.9! i/linas 70.00 1.9! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene S5.95 76.70 3.11 2.01 US$/barrel )pec Oil Basket Price 68.01
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    • 447 21 Jun 25 iuro 'en (on 'eso lam 'ouni Australia 0.923 5.459 0.573 6.190 38.791 81.932 0.770 10.295 2.824 1.249 64.974 38.604 1.164 6.457 0.874 26.325 27.281 0.489 0.799 Canada 1.084 5.917 0.621 6.710 42.048 88.810 0.834 11.159 3.061 1.354 70.429 41.844 1.261 6.999 0.948 28.535 29.571 0.530
      447 words
    • 67 21 Jun2S mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 2.*****
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    • 131 21 Jun2s /oz) lun lun Hong Kong .ondon 928.50 933.30 929.50 934.30 Jun 23 lun 24 918.10 936.90 919.10 937.70 Source: Thomson Reuters CAST BAR (S$) Jun2S Buying Sellini Kilobar "46,918.43" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinphar™ 104.86 298.53
      131 words
    • 153 21 Jun2S Against SS lurrencies Bid Offer Against USS Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.1628 1.1644 0.7986 0.7989 'anadian dollar 1.2603 1.2622 0.8656 0.8660 iuro 2.0307 2.0338 1.3947 1.3954 IZ dollar 0.9311 0.9325 0.6395 0.6398 jterlini ind 2.3801 2.3833 1.6347 1.6352 IS
      153 words
    • 61 21 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1628.25 months 1660.00 1573.00 1605.00 Copper, Grade A (US$/tonne) :ash months 5034.50 5055.00 4782.00 4805.00 .ead (US$/tonne) :ash months 1684.75 1705.00 1596.25 1618.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • 73 21 Jun24 (£/tonne) Close Prev Hii ih/Low ul 09 1562 1570 1600/1561 iepO9 1590 1597 1627/1589 Dec 09 1597 1601 1624/1596 War 10 1595 1600 1621/1595 IOFFEE (US$/tonne) Close Pev High/Low ul 09 1297 1302 1309/1273 iepO9 1325 1335 1335/1306 Mov09 1348 1357 1359/1328 SUGAR (US tonne) White Close Prev
      73 words
    • 2505 21 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 4 1 300 >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital Ltd W*****7 7 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 12 >878Aztech Systems W*****6 1
      2,505 words

  • Page 22 Advertisements
    • 2984 22 m The Business Times Shipping Times tf BlCT^fflTHTffffffTOTffßßffil WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M V f^^P^l W F.%bM ffiSrßnWV fwfli^V %Tx Wl lAf A M UA I I ILIFf TEL:*****588 (14 LINES) FAX:*****163 A^B S^^^^M B^M^^^^^H HImNM M^WmMMS \\^^tt I WAN HAI INCj PKL TEL: {03| *****888 FAX:
      2,984 words

  • Page 23 Advertisements
    • 3113 23 rSVHHEBII^B9IHI I WW\ eastern car liner, ltd injf s®as^ I \jf—^ i I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE I WiHll?liiMTlTli) llHlf^ |Ps™gg^^M^^^Y I R-"y I Liiiin^ X" I Mutßt I sin I"l I btl Ikk I ikt i| S!™B™ infl^fl I ADMIRE CORAL
      3,113 words

  • executive lifestyle
    • 1680 24 From studio owners to stage performers, these musicians from around the world have based themselves here, reports CHRISTOPHER LIM YEN as home-grown musicians start to make an impact on the international market, a reverse trend of sorts seems to be taking hold in Singapore's expatriate community.
      1,680 words
    • CINEMA
      • 602 25 Only Transformers fans will be able to make sense of the sequel's disjointed plot, puerile dialogue and deafening explosion-filled action sequences, says GEOFFREY EU ACTION blockbusters like Transformers: Revenge of the Fallen exist purely to fire the imaginations and fuel the
        REUTERS; BLOOMBERG  -  602 words
      • 539 25  -  GEOFFREY EU By RIGHT after a prologue explaining how two brothers have lived their lives as con artists from a very young age, the title credit for The Brothers Bloom appears on screen as theatre lights upon a stage there is indeed
        539 words
      • 446 25  -  AMANDA DE GUZMAN By HERE-an abstract exploration of insanity and reality is a serious feat for firsttime director Ho Tzu Nyen. In 11 days, he was able to complete shooting the fulllength film, which then was chosen for the prestigious Director's Fortnight showcase past
        446 words
      • 488 25  -  CHRISTOPHER LIM DVD REVIEW By THE general rule of thumb when it comes to movie adaptations of books is that the source material is usually better; in fact, it's almost a given. All the more interesting then that The Curious Case Of Benjamin Button
        488 words
    • WINE
      • 1176 26 A top vintage will need around 12 years to fully develop, but for the Firsts, I would give them another five years, says N X YONG THE other day, I pulled out a few more Bordeaux, red and white, from the 1996 vintage
        1,176 words
      • 694 26  -  MELISSA LWEE By FEW might associate a glass of bubbly with ecological concerns, but for Veuve Clicquot president Cecile Bonnefond green champagne is the way to go. "I think that success without ethics is meaningless," she says. "You can't enjoy if you destroy." Putting
        694 words
    • ARTS
      • 759 27 It is all about articulating space, says EMILYN ANG of UAE-based artist Tom Baggaley's solo exhibition here PRINTMAKING has long suffered an identity crisis. Among the world's oldest art-making traditions, it lies between popular art (embraced by artists such as Durer and Goya just before 1500)
        759 words
      • 932 27  -  CLARISSA TAN By IN 1965, a year before the Cultural Revolution, a Frenchman on the streets of Beijing took a photo that was to become emblematic not only of his work but also of a fast vanishing world. The black-and-white photo offers a view of
        XIAO QUAN  -  932 words
    • MUSIC/GAMING
      • 845 28  -  CHRISTOPHER LIM CD REVIEW Black Clouds Silver Linings Dream Theater Roadrunner Rating: A Octahedron The Mars Volta Warner Rating: B+ Big Whiskey &the GrooGrux King Dave Matthews Band RCA Rating: B+ Transformers: Revenge Of The Fallen The Album Various Artists Warner Rating: B Byl
        845 words
      • 896 28 It's a hard choice as Milestones, Piano Festival overlap, reports CHRISTOPHER LIM IT'S piano madness this weekend thanks to two overlapping music festivals, proving that Singapore's music scene is now vibrant enough to offer eclectic music lovers an embarrassment of riches. Tomorrow, Cuban pianist Nachito
        896 words
      • 406 28  -  CHRISTOPHER LIM By ACTION-ADVENTURE role-playing games Fable II and Fallout 3 have had their shelf lives extended with a string of add-on chapters that extend the original games with new plots, more action and tons of goodies to grab. But while Fallout 3
        406 words
  • Page 24 Advertisements
  • Page 24 Miscellaneous

  • Page 25 Miscellaneous
    • 337 25 CRYPTIC CROSSWORD ACROSS 4 Earnings do not begin for a I Some spin on local dispute long time (4) will carry weight (11) 5 He keeps a servant (8) 9 Trial meant to determine will 5 Joyfu shout of TV doctor giv (9) en work (5) 10 Love to indulge
      337 words

  • Page 26 Advertisements
    • 297 26 H H mM MM ft I §i I L A<: -1 f.ft, ff/ I p^-y ?l Very SpeciaC Offer of' Reserve de (a Comtesse 2001, 2000, 1996 1995 List 1-4 5-9 10 cases Vintage t p rice cases (Discount cases THscount above Discount 2.001 $88 $70 20% $66 25% $62
      297 words

  • Page 27 Miscellaneous
    • 637 27 Gallery talk by London artist I AS part of their arts outreach programme, I Collectors Contemporary is presenting its latest gallery talk by visiting London artist L Sarah Harvey. The 28-year-old Harvey (whose I work Broken Blue Croatia is shown at left) has I received numerous accolades, including the first
      637 words

  • Page 28 Advertisements
    • 265 28 (gNAFA Nanyang Academy of Fine Arts presents %t$ Fetit? hatttetnr? fte Utonacu The Little Singers of Monaco Under the royal patronage of H.S.H. Prince Albert II of Monaco Be enchanted by the angelic voices of the internationally renowned "The Little Singers of Monaco" (LSM), dubbed as "the Little Pearl of
      265 words

  • Page 29 Advertisements
    • 261 29 H^Trrl'^'! Hwhl fill; ONE DEVONSHIRE. The perfect blend of exclusive luxury g and ultimate urban convenience. raiJ l 5-minute walk to Somerset MRT Station Marriott Hospitafl" 1 36-storey, luxury freehold condominium with Sky Suites and Penthouses available ion orchard paragon ta 1- J lJ- TV/T- l tril oT> l J
      261 words