The Business Times, 26 August 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, August 26,2009
    23 words
  • 886 1  -  CONRAD TAN Investment company emphasises its commercial nature and downplays its state links; chairman Dhanabalan says new text reflects changes since 2002 By [SINGAPORE] Temasek Holdings has removed all direct references to Singapore and the government in its updated charter a move seen as part
    BLOOMBERG  -  886 words
  • MARKETS DIGEST
    • 28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.394 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.51 INDIA 11.75
      Bloomberg  -  28 words
    • 48 1 Source: uesi lay lange 1COMP 1,171.09 -3.40 IIKKEI225 10,497.36 -83.69 1ANG SENG 20,435.24 -100.70 ;et index 655.46 +2.26 JAKARTA COM P 2,380.52 +4.64 IANILACOMP 2,858.15 -1.03 ;eoulcomp 1,601.38 -10.84 ;henzhen b 493.63 -11.56 IUMBAI IND 15,688.47 +59.72 12 noon EDT Cham )OW 9,587.43 +78.15 IASDAQ 2,032.20 +14.22
      48 words
    • 43 1 IS$ (S$ ier US$) 1.442 (US$/S$ per 1.636 2.359 ;URO (US$/S$/E) 1.428 2.058 Foreii in curreno >er US$ S$ 'EN 94.30 65.40 3.518 2.440 IK$ 7.751 5.376 !AHT 34.03 23.60 lUPIAH 10,013 6,944 lENMINBI 6.832 4.738 INDIAN RUPEE 48.73 33.80 1.195 0.829
      43 words
  • 361 1 Reuters He praises Fed chief for helping to stop economy's freefall [OAK BLUFFS, Massachusetts] US President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman yesterday, aiming for continuity at a time when the US economy is breaking free from
    – Reuters  -  361 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 58 1 TRANSPORT HUB "^^^r^C SGX REFORMS EXECUTIVE MONEY US ECONOMY The man who turned A step forward, but Hedge your equities Unemployment to surge, Garuda around feSESSEP not quite there yet portfolio budget deficit to widen PAGE 16 I^' 1 PAGE 3 PAGE 28 PAGE 2 TIMED FOR RECOVERY Look out
      58 words

  • TOP STORIES
    • 574 2 Bloomberg, AP GDP to shrink 2.8%, joblessness to hit 10% this year [WASHINGTON] US unemployment will surge to 10 per cent this year and the budget deficit will widen to US$l.5 trillion next year, reflecting a "deeper recession" than previously expected, White House budget
      – Bloomberg, AP  -  574 words
    • 683 2  -  KAI-ALEXANDER SCHLEVOGT COMMENTARY Temasek's progressive new charter serves as a gold standard for other SWFs around the world By SOVEREIGN wealth funds (SWFs), the state-owned investment arms of governments, have to learn one key management principle: you cannot serve two masters. They
      AFP  -  683 words
    • 265 2  -  LYNETTE KHOO By [SINGAPORE] In its newly revised charter, Temasek Holdings has spelt out its commitment to community giving loud and clear. In a media roundtable yesterday, Temasek chief executive Ho Ching said that one key difference between the Temasek Charter 2002 and
      265 words
    • THREE-MINUTE DIGEST
      • 44 2 TEMASEK Holdings has removed all direct references to Singapore and the government in its updated charter a move seen as part of its efforts to bolster its credentials as an investment firm driven solely by commercial interests. FRONT PAGE
        44 words
      • 72 2 US President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman yesterday, aiming for continuity at a time when the US economy is breaking free from a deep recession. Mr Obama said the US car industry was "showing signs
        72 words
      • 77 2 US unemployment will surge to 10 per cent this year and the budget deficit will widen to US$l.5 trillion next year, reflecting a "deeper recession" than previously expected, White House budget chief Peter Orszag said. The Office of Management and Budget also forecasts that
        77 words
      • 59 2 UOB Asset Management has forged an alliance with UTI, one of India's biggest fund managers, to offer joint funds and investment services. UOBAM, the fund management unit of United Overseas Bank, said yesterday that the first joint product will be an equity fund, likely
        59 words
      • 51 2 SINGAPORE bank ratings outlooks are held at negative even as profits improve as the state of the economy is still poor and there is a risk that loan defaults may rise, Moody's Investors Service said in a report yesterday. COMPANY NEWS, PAGE
        51 words
      • 76 2 WING Tai Holdings yesterday reported a net loss of $53.9 million for the fourth quarter ended June 30, 2009, as it booked fair value losses of $109.7 million on its investment properties. Net profit in the same three months a year ago
        76 words
      • 63 2 THE Lexicon Group is going into yet another new venture. This time around it will run coffeehouses as a diversification into F&B businesses. Yesterday, the company said that it is setting up a joint venture with TNT Global to sell coffee and operate
        63 words
      • 83 2 LAUNCH prices for new private homes rose 10 per cent and 18 per cent in prime and mass districts respectively in the first half of 2009, according to ÜBS Investment Research. On the back of this, analysts Regina Lim and
        83 words
      • 66 2 CHINESE investors have over-reacted to talk of monetary policy fine-tuning, and the recent sell-off in the stock market will be short-lived, a senior government economist said yesterday. Lv Zhongyuan, vice-head of the Development Research Centre, told a financial forum that he expected share
        66 words
    • 867 3  -  LYNETTE KHOO NEWS ANALYSIS SGX checks on controlling shareholders need more legal teeth By [SINGAPORE] The proposed measures by the Singapore Exchange (SGX) to beef up corporate governance have demonstrated its resolve to restore the market confidence dented by recent corporate failures.
      867 words
    • 399 3 Bloomberg, Reuters LATEST US DATA Home prices in 20 cities fell in June at slower pace than expected [WASHINGTON] Confidence among US consumers increased in August as consumers became less worried about the outlook for the labour market. Earlier yesterday,
      Bloomberg, Reuters  -  399 words
  • Page 2 Advertisements
    • 98 2 i I B I I illll ill lid Kw 19 wl in b[cst~[^i |nt *t ,i^«. I, II BSHHI ml IILJ v I U i 1- r" L Hj^l J I ;1 .^H < a MiifJi I rill I y B«' -^B^fe- harman/kardon HI SOUND GALLERYewoodiands^nshow^ Business Hours 60 Marsiling
      98 words

  • Page 3 Advertisements
    • 270 3 Europe Europe Asia Patent and Patent /\sia Information Conference M WT Jr dLeilL 10-11 September2oo9 BnTOrmStlOn Nanyang Technological University f Centre for Continuing Education NTU@one-north campus. Executive Centre The Europe Asia Patent and Patent Information Conference (EAP^C) 2009 is jointly organised by the European Patent Office (EPO), World Intellectual Property
      270 words

  • COMPANY NEWS
    • 446 4  -  CONRAD TAN First joint product will be an equity fund, likely to be launched this year By UOB Asset Management (UOBAM) has forged an alliance with UTI, one of India's biggest fund managers, to offer joint funds and investment services. UOBAM, the fund management
      446 words
    • 343 4 Bloomberg State of economy still poor and loan defaults may rise [SINGAPORE] Singapore bank ratings outlooks are held at negative even as profits improve as the state of the economy is still poor and there is a risk that loan defaults may
      Bloomberg; FILE PHOTO  -  343 words
    • 239 4 OWNERSHIP of Radiance Group may now be in doubt as a substantial chunk of its shares has been pledged as collateral for a loan extended to its shareholder Thumb China Holdings (TCH) In a stock exchange filing, Radiance explained that TCH, which owns some 52.41
      239 words
    • 759 4  - S-chip issues crux lies in enforcement LYNETTE KHOO THE wide-ranging measures proposed by Singapore Exchange (SGX) last week have driven home a strong message that the exchange views the failure of issuers and the problems plaguing them with gravity. Measures such as imposing disclosure of pledged shares and custodising shares
      759 words
    • 978 5  -  KALPANA RASHIWALA NEWS ANALYSIS Toppish price may send inadvertent signal to restart confirmed list sales By EVEN as the dust settles on Hong Leong Group's top bid at last week's tender for a 99-year condo site at Chestnut Avenue, a discussion in
      978 words
    • 688 5  -  UMA SHANKARI Results hit by $109.7 m fair value losses on investment properties By WING Tai Holdings yesterday reported a net loss of $53.9 million for the fourth quarter ended June 30, 2009, as it booked fair value losses of $109.7 million
      688 words
    • 392 7  -  OH BOON PING The JV will also market the Tom N Toms franchise in 21 countries By THE Lexicon Group is going into yet another new venture. This time around it will run coffeehouses as a diversification into F&B businesses. Yesterday, the company
      392 words
    • 352 7  -  JAMIE LEE By SINGAPORE-listed HLH Group's corn plantation project in Cambodia has borne fruit. The agri-business and property development group said yesterday that it has successfully harvested its first crop of corn at its freehold 450-hectare plantation in Amlang Commune, Thpong District, Kampong Speu.
      352 words
    • 193 7 JAPAN Land has brought in a new investor for its subsidiary Jurong Data Centre Development (JDD) as part of a $336 million capital-raising exercise for the latter. Japan Land said in a statement that Elchemi Group will invest up to $25 million
      193 words
    • 307 7 HIT by slowing demand, membrane products maker Memstar Technology fell to a fourth-quarter net loss of 6 million yuan (551.26 million), from a net profit of 13.5 million yuan in the year-ago period. The fourth quarter ended June 30, 2009, saw
      307 words
  • Page 4 Advertisements
    • 600 4 A MATS FALMAC LIMITED Company Registration No. *****3718R (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting ("EGM") of FALMAC LIMITED will be held at SGX Auditorium, 2 Shenton Way, SGX Centre 1, Level 2, Singapore *****4 on Monday,
      600 words
    • 50 4 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experie ofsomeofthemost influential thinkers, /S^ k corporate chiefs and social «*v activists of ik fhppcrp i« Sife, M'/mM HF °j- >?5% '<"«?■ >/^^Z^^B 7 /AvA V X.X '"'\>'\"'' J Raffles Conversations A collection from The Business Times Availableatall
      50 words

  • Page 5 Advertisements
    • 241 5 GET IN AND HEAD OUT. Sporting the rugged looks of an SUV, the functionality of an MPV, plus the comfort and drivability of a sedan, the highly versatile Kia Sportage makes you want to do just that -without it costing you an arm or a leg. And ever responding with
      241 words

  • SINGAPORE MARKETS
    • 949 6  -  OH BOON PING CURRENCIES THE bulls appear to be taking a breather for now, as stocks in both the United States and Asia surrendered their gains, snapping a run of strong gains seen in the past week. Not surprisingly, risky currencies also retreated
      949 words
    • 98 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 4 8 0 0 0 6 4 8 lanufacturini 80 53 62 18 88 59 80 Commerce 42 22 46 13 30 'pt/Stor/Comms 18 19 19 19 :inance 15 10 16 10 Construction 10 11
      98 words
    • 107 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 26,515 26,515 73,672 73,672 lanufacturing 746,838 32,939 779,777 314,474 1,610 316,084 Commerce 339,432 83,539 422,971 157,148 15,916 173,063 ■pt/Stor/Comms 253,681 2,845 256,526 231,015 509 231,524 :inance 32,476 550 33,026 291,126 55 291,181 Construction 301,475 324,378 625,853 77,883 6,510 84,394
      107 words
    • 100 6 lapitaLand 3.790 +0.040 lapitaMall 1.550 -0.020 jtyDev 10.100 -0.200 lomfortDelGrc 1.560 -0.010 losco Corp 1.210 -0.030 IBSGrp 13.060 +0.140 :&N 3.930 -0.010 ienting SP 0.990 +0.040 iolden Agri 0.490 -0.010 IK Land 3.940 +0.090 IMH 27.780 -1.120 ISH 15.800 -0.300 lardineC&C 23.400 -0.800 leppel Corp 7.920
      100 words
    • Article, Illustration
      776 6  -  JAMIE LEE Gaming industry UOB KAY HIAN, Aug 24 WE had a teleconference with Las Vegas Sands on its subsidiary Marina Bay Sands (MBS), one of the Singapore's two integrated resorts (IR) currently under construction. MBS targets opening in mid-Feb 2010 and is anticipating a visitorship of 14
      Bloomberg  -  776 words
    • 612 6  -  R SIVANITHY STOCKS AN early 5 per cent plunge in China brought pressure to bear on Hong Kong and by extension, the local stock market, but an afternoon bounce that saw China halve its loss meant prices here also firmed. After losing
      612 words
    • 4 6 DAILY
      4 words
    • 60 6 Aug 25 CLOSE VALUE IT OB/OS 381.00 -35.C IT CADI -*****.00+116. IT 10-day MA -*****.00 +38.0I TSE ST Mid Cap 596.51 -0.6! TSE ST Small Cap 542.59 +7.9 TSE ST All Share 643.46 +1.61 TSE ST China Top 274.99 -1.2. TSE ST China 273.32 -0.6 TSE ST
      60 words
    • 58 6 VOLUME Sapphire 323,546,000 Gentinq SP 170,625,000 GMG Global R 121,171,000 Golden Aqri 88,802,000 HLHGrp 87,569,000 Sino-Env 85,766,000 MDR 84,933,000 Abterra 84,415,000 China Honqxinq 82,443,000 *StarCruises 70,022,000 VALUE(S) Gentinq SP 165,607,435 DBS Grp 148,748,863 SingTel 68,169,170 Noble Grp 67,707,340 Capita Land 65,751,800 UOB 57,180,834 Keppel Corp 53,502,440 Golden
      58 words
    • 102 6 CLOSE UP 654 88.0 15.5 Creative Tech iBXT MSAsExJi 10US$ 2470 77.8 2., IQB 5.05%NCPS 100 ***** 44.0 0.. iBXT S&P Short 10US$ 6008 40.4 0. Cor| ES.0908 788 20.0 2.' Cor| 792 19.0 2. >ihuan 95.5 19.0 24.: ilA 1298 18.0 1.. lamba 29 15.0 107.1 'hai Prime
      102 words
    • 112 6 CLOSE DOWN IMH 2778-161.4 -3.9 LD 10US$ 9290-115.3 -0.9 lardine C&C 2340 -80.0 -3.3 DBXT FTChina25 10US$ 2847 -73.5 -1.8 imei iNav 740 -60.0 -7.5 ISH 1580 -43.2 -1.9 Dain irm 593 -28.8 -3.3 At 1010 -20.0 -1.9 ICBC Bk4.5%NCPS 100 9280 -20.0 -0.2 DBXT Ni 10US$ 9700 -14.4
      112 words
    • 83 6 Aug 25 CHNG CLOSE FRAug24 YR SSLOW R2009 S$ HIGH USS 1.4416 -0.11 1.5579 1.4308 Euro 2.0603 0.00 2.0732 1.9150 Pounds 2.3642 0.50 2.4366 2.0356 1.2083 0.10 1.2171 0.9453 ren* 1.5292 -0.70 1.7278 1.4831 Rupiah* 0.***** -0.06 0.***** 0.***** Baht* 4.2214 0.27 4.3390 4.1040 Peso* 2.9718
      83 words

  • Page 7 Advertisements
    • 333 7 B phoenix Make an affordable call f S^ *^-S^\J Australia V^Tft Germany I Hong Kong ff I I >^CV^S»»-J»< X^ New Zealand n. I rL^^?^ M Taiwan I 1 I B UK USA \f u*SS£j2& )n i\ Call 6838 1516 or register online I -i www.phoenixcomms.com.sg KvvC LiiiiiLUH IiSqHELSINGIN KAUPPAKORKEAKOULU
      333 words

  • SINGAPORE NEWS
    • 544 8  -  UMA SHANKARI The analysts say mass launch prices have hit 2007 peak, and may stagnate LAUNCH prices for new private homes rose 10 per cent and 18 per cent in prime and mass districts respectively in the first half of
      544 words
    • 270 8  -  JUSTIN CHAN By APPLIED Ventures, the venture capital arm of US-based Applied Materials, has made a strategic investment in Tera-Barrier Films, an A*Star spin-off company. Tera-Bar-rier is confident that with the capital injection, it is well-poised to be a key player in
      270 words
    • 276 8 TECHNOLOGY incubators keen to invest in ear-ly-stage high-tech start-up companies and nurture their growth in Singapore can now tap a $50 million fund set up by the National Research Foundation (NRF). NRF yesterday issued a call for proposals under its Technology Incubation Scheme
      276 words
    • 300 8 CONSUMER confidence here improved in the second quarter, as worries over job security and the economy faded, the latest Nielsen Global Consumer Confidence Survey shows. Singapore's consumer confidence index as measured by a June poll of 500 online consumers rose to 87, from
      300 words
    • 289 8  -  RACHEL SIM By THE Financial Services Consumer Association (FiSCA), headed by former chief executive officer of NTUC Income Tan Kin Lian, was launched yesterday amidst calls for financial education. The independent, nonprofit organisation aims to strengthen financial consumer protection in Singapore through independent evaluation of
      289 words
    • 181 8 SINGAPORE and Denmark signed a protocol amending their Avoidance of Double Taxation Agreement (DTA) yesterday. It is the fourth such agreement Singapore has signed, which incorporates the internationally agreed standard for the exchange of information for tax purposes upon request. Yesterday's revision to the
      181 words
    • 346 8 IN one of the best showings recently, visitor arrivals were down 4.5 per cent to 881,000 in July the smallest annual decline this year. In comparison, arrivals in June were 8.9 per cent lower year-on-year at 750,000. But visitor days in
      FILE PHOTO  -  346 words
  • Page 8 Advertisements
    • 1370 8 V<«* 'hTTr^rr>T^TT* To"free: 180°-289-8822 f&^- l^kl I Email: notices@sph.com.sg X V*>/ JL JL^»> I■■ l 3 www.cats.com.sg f .^klndian Overseas Bank *ST^^T^ (Incorporated in India) <^0? Central Office: 763, Anna Salai, Chennai 600 002 H?^^^7W^^YT??^^^^BTT^nOi7*nW'TiT'M opinion. 3.The Balance Sheet and the Profit and Loss Account have been Schedules As at
      1,370 words

  • ECONOMY WATCH
    • 642 9 Bloomberg It helped to boost private consumption which gained 0.7%, says Statistics Office [BEßLlN] Government spending lifted Germany out of its worst recession since World War 11, a breakdown of second-quarter gross domestic product shows. Government spending rose 0.4 per cent from
      ■ Bloomberg; AP  -  642 words
    • 372 9 -Reuters [NEW DELHI] India is considering strict laws for scrutinising foreign direct investments (FDI) to thwart security risks, officials said on Tuesday, a move that experts said could further slow FDI inflows into the country. The National Security Council (NSC), headed by
      -Reuters  -  372 words
    • 714 9 Bloomberg [BOSTON] Paul Volcker, the former Federal Reserve chairman who is an adviser to US President Barack Obama, said money-mar-ket mutual funds undermine the strength of the US financial system and should be regulated more like banks. "Banks remain the functioning heart of the
      Bloomberg; BLOOMBERG  -  714 words
    • 316 9 Reuters [LUXEMBOURG] The current economic recovery in the euro zone is not sustainable because it depends on public funds and is not yet supported by private investment and new job creation, ECB governing council member Yves Mersch said. In an interview with Luxembourg daily
      Reuters  -  316 words
    • 816 9 Reuters [JACKSON] Ben Bernanke began as Federal Reserve chairman by meekly promising to maintain the status quo. He ended up facing the worst downturn since the Great Depression and changing central banking in ways that will reverberate for decades. Mr Bernanke took office
      – Reuters  -  816 words

  • MALAYSIA/INDONESIA
    • 405 10  -  S JAYASANKARAN Govt denial private firm buying Plus puts a damper on Asas' plan: analysts BY. in Kuala Lumpur A PROPOSED takeover of Malaysia's highway concessionaires is looking more and more unlikely, if analysts' views are anything to go by. In May or thereabouts, Asas
      405 words
    • 538 10 Bloomberg RMl.l2blosson writedown, debt provisions [KUALA LUMPUR] Malayan Banking, Malaysia's biggest bank, has posted its first quarterly loss since 2001 after writing down the value of its overseas investments and setting aside more provisions for bad debts. The bank posted a net loss
      Bloomberg; BLOOMBERG  -  538 words
    • 439 10 Reuters [KUALA LUMPUR] Malaysia's central bank left interest rates on hold for its fourth straight meeting yesterday amid uncertainty over the strength of an economic recovery in the exportdependent country whose rebound is lagging the region. Bank Negara Malaysia said more signs have emerged to
      Reuters  -  439 words
    • 763 10 Reuters [JAKARTA] Indonesia will next month launch its most aggressive bid ever to revive flagging cocoa production, with US$35O million earmarked for replanting and rejuvenating ageing trees in order to lift output to a record by 2013. The world's third-big-gest grower after the Ivory
      – Reuters  -  763 words
    • 222 10 Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Najib Razak's ruling coalition lost a by-election in the northern state of Penang, its sixth defeat in regional polls held in the past year, state news agency Bernama said. The Permatang Pasir state seat was won by Mohd Salleh
      Bloomberg  -  222 words
  • Page 10 Advertisements

  • GREATER CHINA/INDIA
    • 583 11 Reuters As economy's recovery is solid, market slide will be short-lived, he says [BEIJING] Chinese investors have over-reacted to talk of monetary policy fine-tuning, and the recent sell-off in the stock market will be short-lived, a senior government economist said yesterday. Lv Zhongyuan,
      Reuters; AP  -  583 words
    • 457 11 Bloomberg [HONG KONG] Bank of East Asia, Hong Kong's third-big-gest lender by market value, said first-half profit rose 49 per cent as a stock market recovery spurred trading revenue. Net income in the six months ended June 30 rose to HK$l.l7 billion
      – Bloomberg  -  457 words
    • 361 11 Bloomberg Weak US, European demand signals slow economic recovery [HONG KONG] Hong Kong exports fell at a faster pace in July as demand from the US and Europe weakened, signalling the economic recovery may be slow. Overseas sales shrank 19.9 per cent
      Bloomberg  -  361 words
    • 290 11 AFP [HONG KONG] Celebrity chef Jamie Oliver is planning to launch 30 Italian fami-ly-style restaurants in Asia, with the first one set to open its doors to his gastronomic followers in Hong Kong early next year. The move marks the first
      AFP; BLOOMBERG FILE PHOTO  -  290 words
    • 221 11 Reuters [NEW DELHI] India's government believes hosting a Formula One race will have no impact on the development of sports in the country, local media reported yesterday. India is scheduled to host its first Fl grand prix in 2011, but the sports ministry has
      – Reuters  -  221 words
    • 484 11 Bloomberg Banks may have to raise 36b yuan from share sales: CICC [BEIJING] China's plan to tighten capital requirements for banks by capping cross holdings of subordinated bonds may cut lending by as much as 700 billion yuan (Ssl4B billion), China International Capital Corp
      Bloomberg  -  484 words
    • 311 11 Reuters, Xinhua [NEW DELHI] Economic reforms are needed to steer the Indian economy to a 9 per cent growth path, while the immediate challenge is to tackle poor monsoon rains, Finance Minister Pranab Mukherjee said yesterday. The economy will grow at around 6
      Reuters, Xinhua  -  311 words
    • 328 11 Reuters Other sources cite valuation obstacles [LONDON] Royal Bank of Scotland's talks to sell some of its Asian assets to Standard Chartered remain "in full swing", sources familiar with the matter said yesterday after a report that they were on the
      Reuters  -  328 words

  • Page 12 Advertisements
    • 88 12 o.'-'-'-v-- V Jit-". ..7" k-, ■|>"., T ~T' Hp^ MAJOR jmOjDV^ KNOWLEDGE rWcM/XTrftojoi inF/rriDCDC m OFFICIAL <B& partners The world's local bank 3IEIVIEIII. PARTNER 13 AIRLINE sinGAPORE AIRLinES j^ associate mi i^) Dof* sJ* TEMASEK p ARTNERS B fcr^^_« W /^KIZ >^» HOLDINGS -KZ Copper Gold *@iß«' fl Far East
      88 words

  • ASIA-PACIFIC/WORLD
    • 518 13 ILL, LLLLLL^DL O,LJ O,LL\A. LLLLL Reuters USss.6b investment is part of a 30-year natural gas supply deal with China [SEOUL] A consortium led by South Korea's Daewoo International will invest about US$5.6 billion to develop Myanmar gas fields as part of a
      ILL, LLLLLL^DL O,LJ O,LL\A. LLLLL ■ Reuters  -  518 words
    • 723 13 Reuters [BANGKOK] Thai energy firm PTT is looking for assets overseas to boost growth and bolster its presence in international markets. PTT's strategy will put it in direct competition with big Chinese oil firms such as CNOOC and Sinopec, at a time when
      Reuters; BLOOMBERG  -  723 words
    • 504 13 -AP [NEW YORK] Goldman Sachs Group Inc provides some of its biggest clients stock tips that come out of regular meetings held by analysts and traders at the investment bank, according to a Wall Street Journal report. Some of the analysts' views,
      -AP  -  504 words
    • 555 13 AP, neuters [BANGKOK] Thai Prime Minister Abhisit Vejjajiva invoked special security powers yesterday ahead of a major anti-government rally this weekend that he warned could turn chaotic and plunge the country back into turmoil. Mr Abhisit told reporters that his Cabinet approved
      AP, neuters  -  555 words
    • 797 14 -AP Dubailand was launched six years ago as part of the emirate's push to more than double its tourism numbers [DUBAI] Walk through the grand arched entrance of Universal Studios' Dubai theme park, and you step into wind-swept desert. No Hollywood thrill
      -AP; AP  -  797 words
    • 557 14 [NEW YORK] The beauty of the stock market, according to a prevailing theory, is that the price of a company's shares should reflect all known information about the firm. So maybe the investors who sharply bid up the shares of Fannie Mac and Freddie
      -LAT-WP  -  557 words
    • 654 14 AP [DETROIT] Now that the intense financial pressure on General Motors (GM) has eased, the carmaker has the luxury of time to consider new alternatives for selling its Opel unit. The company plans to make a last-ditch effort to negotiate the
      AP; REUTERS  -  654 words
    • 567 14 ■AP Plans for him to stay in Libyan-owned estate draws flak [ENGLEWOOD, New Jersey] Libyan leader Muammar Gaddafi will set foot on US soil for the first time next month when he comes to address the UN General Assembly. Now
      ■AP  -  567 words
    • 293 14 Bloomberg [NEW YORK] The Federal Reserve must make records about emergency lending to financial institutions public within five days because it failed to convince a judge the documents should be exempt from the Freedom of Information Act. Manhattan Chief US District Judge
      – Bloomberg  -  293 words
  • Page 13 Advertisements
    • 112 13 M Serenade Romance f&M \f tJ atZenden MRallP ;ft H fff Head to Zenden at Gallery Hotel for a Hfe uniquely romantic dining experience. MllfS^iMßM n >*^^ Si<^ k^ Savour the mouth-watering flavours W%&^o A?! V of Chef Herman's signature mushroom I^^^ M^^^rfj a^^^^^ soup. Rack of Lamb or Lobster
      112 words


  • WORLD
    • 535 15 ■AP The Booklet 3G will run Windows software and use Intel Atom processor [BEßLlN] Nokia, the world's largest maker of mobile phones, will make and sell its own netbook computers, expanding into the fastest-growing segment of the PC market. The company, which
      ■AP; REUTERS  -  535 words
    • 557 15 -NYT [NEW YORK] Wikipedia, one of the 10 most popular sites on the Web, was founded about eight years ago as a long-shot experiment to create a free encyclopedia from the contributions of volunteers, all with the power to edit, and presumably improve,
      -NYT  -  557 words
    • 300 15 Bloomberg BTG claims Samsung chips infringe its patents, seeks to block product imports [NEW YORK] A US trade agency will consider patent-infringement claims against Apple, Research In Motion (RIM) and six other companies that use Samsung Electronics memory chips. The US International Trade
      Bloomberg  -  300 words
    • 617 15 Bloomberg Store performance in last year has been driven by the iPhone [NEW YORK] As vacancies increase and retail sales throughout the US remain a shadow of the decade's boom, Apple's stores are defying the recession. At Fifth Avenue and Fif-ty-Ninth Street,
      Bloomberg  -  617 words
    • 485 15 ■AP [BERN, Switzerland] A Swiss government official is demanding that Google immediately take off the Internet any image of Switzerland in its "Street View Maps", and the company said on Monday that it would discuss the matter with the privacy rights regulator.
      ■AP; AFP  -  485 words

  • Transport HUB
    • 970 16 The airline has come a long way and the future looks promising amid preparations for IPO, the airline's CEO tells VEN SREENIVASAN GARUDA Indonesia's chief executive Emirsyah Satar smiles when one compares him to Idris Jala the chief executive who turned around previously ailing
      I AFP  -  970 words
    • 749 16  -  VINCENT WEE By THE first Lloyd's Register Educational Trust Professor from Asia is passionate in his belief that the future of the offshore oil and gas industry is in the deepwater fields. The fact that the Asia-Pa-cific region is becoming
      749 words
    • 367 16  -  VINCENT WEE By KEPPEL Fels' delivery programme of advanced deepwater semi-submersible rigs for Maersk Drilling is well on track with the delivery of the second of three DSS 21 rigs for the Danish drilling contractor last weekend. Maersk Discoverer has
      367 words
    • TRANSPORT STOCKS
      • 106 16 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.59 0.28 1.21 0.65 1.61 0.58 0.06
        106 words
      • 37 16 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 1.01 8.80 8.66 3.10 2.99 0.02 0.09 unch -0.04 -0.21 unch -0.01 unch unch 152 in 1 245 105 70 1166
        37 words
      • 12 16 '00 'recious Ship Regional Cont 17.00 10.80 0.60 942; 0.40 *****
        12 words
      • 11 16 '000 Doil iingamas Cont 40.40 1.57 -0.20 481 0.12 4732:
        11 words
      • 16 16 '000 Aboitiz Equity Intl Container Keppel Marine 7.20 20.25 2.04 unch 0.25 unch 12! 139!
        16 words
      • 18 16 Evergreen Marine ...20.55 :irst Steamship 39.25 /Van Hai Lines 16.65 t'ang Ming Marine...12.20 0.25 0.95 -0.05 0.10
        18 words
      • 40 16 '000 (awasaki Hvy Ind ..252.00 (awasaki Kisen 383.00 Mitsubishi Hvy 371.00 Mitsui Eng&Sbldg...255.00 Mitsui Osk Lines 573.00 Mippon Express 393.00 MipponYusen 400.00 iource: Thomson Reuters 1.00 ***** unch 5924 -4.00 7890 -2.00 2820 6.00 ***** 9.00 7092 -1.00 7149
        40 words
    • TRANSPORT HUB: SHIPPING
      • 770 17 STRAIT TALK Lloyd's List's new tack triggers the question: why can't Asia come up with a shipping journal to compete with it? By DAVID HUGHES T TAKES a brave soul to predict what will happen to the press especially the shipping press over the
        770 words
      • 376 17 Bloomberg Shipping costs fall 2.5% to 37.38 Worldscale points [LONDON] The number of supertankers competing to ship two million barrel cargoes of Middle East crude climbed as new vessels outstrip demand, cutting what owners can charge to lease the vessels. There are 18 per
        Bloomberg; THE STRAITS TIMES FILE PHOTO  -  376 words
      • 160 17 Reuters [HAMBURG] Operators have asked for surcharges for freight shipping on part of the Rhine in Germany due to low water levels, traders said yesterday. Surcharges are sought from cargo customers to compensate vessel owners for lost revenue as their ships must sail
        – Reuters  -  160 words
      • 69 17 Reuters [SEOUL] South Korean Hanjin Shipping Co Ltd said yesterday it has signed a 1.4 trillion won (551.62 billion) long-term contract with POSCO to ship iron ore. Under the deal, Hanjin will transport about 2.4 million tonnes of iron ore to South Korea
        ■ Reuters  -  69 words
      • 926 17  -  DAVID HEASELDEN By FROM its roots in the United Kingdom where it was founded by John Holman in 1855, the Shipowners' Mutual Protection and Indemnity Association (Luxembourg) has expanded into Asia. During the late 1980s and early 1990s the P&I club which was established to
        926 words
    • TRANSPORT HUB: AVIATION
      • 607 18  -  JOE SHARKEY ■NYT By Confusion about who's in charge can arise as US air travel hassles mount MHO'S in charge here? It's a question travellers are asking more frequently as air travel hassles mount, and as airlines routinely pass the buck
        ■NYT  -  607 words
      • 340 18 Reuters [TOKYO] Struggling Japan Airlines Corp (JAL) is considering separating lowmargin international routes into another company to help save 100 billion yen (Ssl.s billion) in annual costs, the Nikkei business daily said. JAL, Asia's largest airline by revenue, also plans
        Reuters; AFP  -  340 words
      • 559 18 -NYT [NEW YORK] After years of shrinking benefits and increasing fees, frequent-flier programmes are courting their most loyal customers again. In recent weeks, American Airlines introduced new awards for one-way flights; United dropped its US$75 to US$lOO fees for booking an award
        -NYT  -  559 words
      • 337 18 It will sell Krispy Kreme doughnuts onboard from Sept 1 [KUALA LUMPUR] Air Asia Bhd, which raked in RMI77 million (5572.5 million) in ancillary income for the financial year ended Dec 31 (FY08), aims to increase this figure by 20 per cent in two
        337 words
      • 2635 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,635 words
    • TRANSPORT HUB: LAND
      • 805 19 Reuters But carmakers' more cautious managing of inventories may cushion sales slide [DETROIT] For a few frenzied weeks this summer, the US auto industry has been partying like the good old days of 2007 before demand dropped off a cliff. Now comes
        ■ Reuters; BLOOMBERG  -  805 words
      • 795 19  -  DOUGLAS MEUROSS By MANY years ago, I watched a client key in a commercial invoice with over 10,000 lines. The data entry task took days and was prone to error. Back then, the technology did exist for electronic data interchange (EDI)
        795 words
      • 681 19 ■Reuters Buy factors fade as govt stimulus efforts end and won rises [SEOUL] Shares in Hyundai Motor Co and affiliate Kia Motors have more than doubled this year, easily outperforming their Japanese peers, thanks to surprisingly strong profits and growing market
        ■Reuters; AP  -  681 words
      • 261 19 Bernama [KUALA LUMPUR] Kenanga Investment Bank has revised upwards its total industry volume forecast for the automative industry this year by 8 per cent to 500,000 units. It attributed the improved projection to a strong sales momentum and anticipation of better
        ■ Bernama  -  261 words
  • Page 16 Advertisements

  • Page 17 Advertisements
    • 213 17 Cyberfreight has a reputation of reliability and value. It is a robust package that is cost effective to run. It also integrates operations and accounts with smart documentation and Improve customer management tools. productivity and Cyberfreight has a user friendly interface that requires reduce your minimal training and is efficient
      213 words

  • Page 18 Miscellaneous
    • 285 18 CRYPTIC CROSSWORD Across fusion (8) mother being a killer (6) 29 Places of prayer and study, things happening without leader (8) in a down-to-earth way? 27 Miserable creature in upset--30 Boy gets led astray inside (2,3,3) ting tiff, having got married public school (6) 8 Time ran out and I'd
      285 words


  • EDITORIAL & OPINION
    • 502 20 Help the girls and save the world THE Tiananmen Square crackdown in 1989 hogged the global headlines when it happened. Even today, it gets ample mention in the media. In all, the massacre claimed between 400 and 800 lives. Meanwhile, a study in 1990 found that 39,000 baby girls died
      502 words
    • 1414 20  -  AMIT ROY CHOUDHURY The outcome of the meeting could decide the fate of global trading arrangements Senior Correspondent EARLY next month, there will be a meeting of key global trade ministers in New Delhi for the Doha Development Round talks. The
      REUTERS  -  1,414 words
    • 763 20  -  FRANK CHING THE BOTTOM LINE "MAN'S calculations cannot compare to heaven's calculations," goes an old Chinese saying. Or, to quote a somewhat similar English aphorism, "Man proposes, God disposes." Certainly, no one predicted the destruction wrought by Typhoon Morakot when it struck southern Taiwan two
      763 words
    • 1498 21 The events of last September and October exhibited some features of a classic panic This is the second and final part of an excerpt of the speech by US Federal Reserve chairman Ben Bernanke at the Federal Reserve Bank of Kansas City's Annual Economic Symposium at Jackson
      1,498 words
    • 739 21 THERE will be no end to people pursuing two main things: wealth and prosperity. These are pursued by Singapore too. One of Singapore main achievements is economic. The socio-economic status of the city state with a population of almost four million is on
      REUTERS  -  739 words


  • SINGAPORE STOCKS
    • 8911 22 Transaction date: Aug 25 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil >an] 15.5 3 3148 8Telecom 8 2.5 5834 A-Sonic 28.5 12 5000 ABRHIdgs 14.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 84.5
      8,911 words
    • 1700 23 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 26 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 21 8.5 3518 s Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,700 words
    • 410 23 52-Wk Tel h Low Code Last Sale Vol COOO) Day III Low Last Quote Buyer Seller Div GrYld C'vr Net P/E s _Hm Comi _Hm 110 100 6389 ABFSG Bond ETF 110 794 427 CIMBAsean40 1OOUS$ US728 -2 274 149 DBS STI ETF 100 266 +1 3903 3534
      410 words
    • 257 23 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
      257 words
    • 9264 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.967/ AIGIF S'pore Bond Fund/A 1.315/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.03/ APS Alpha Fund (USD)!** 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.516/ APS Komaba Global
      9,264 words
  • Page 22 Advertisements


  • FINANCE & COMMODITIES
    • 368 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Au; 24 World Index Preliminary 783.0 1.1 15.5 1.2 18.7 1.1 18.7 EAFE Preliminai 749.5 1.6 15.5 1.6 20.8 1.5 20.: Euroi Prelim inan 1046.3
      368 words
    • 186 24 Aug 25 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) iepO9 210.8 3d 09 211.0 MOV09 210.5 Dec 09 209.5 Ian 10 209.5 =eb 10 209.0 209.5 210.0 209.5 209.0 210.8 211.0 210.5 210.0 210.0 210.0 186 144 40
      186 words
    • 463 24 Aug2S AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.902 5.718 0.586 6.487 40.783 83.805 0.789 10.429 2.945 1.222 69.262 40.607 1.207 6.542 0.889 27.552 28.479 0.512 0.837 Canada 1.108 6.337 0.650 7.190 45.197 92.876
      463 words
    • 121 24 As at 9am Aug 25 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1980 1.2340 .an dollar 1.3320 1.3480 luro 2.0510 2.0750 IZ dollar 0.9800 1.0020 iterlini ind 2.3550 2.3830 JS dollar 1.4350 1.4520 .ocal dollars to 100 units if foreign
      121 words
    • 160 24 Aug 25 Iverniqht -month -months l-months Overnight mode: 1/8 IS$ Auq 25 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 1 days I month > months 3 months d months months 12 months (All Aug 25 0.35 0.39 0.50 0.55 0.80 1.40 1.50 Offer 0.25 0.29
      160 words
    • 84 24 Aug 25 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****S 26.11.09 -Year BY*****W 03.05.10 0.30 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year NXO11OOH 3.625 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X
      84 words
    • 67 24 Aug2s mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 0.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.*****
      67 words
    • 132 24 Aug2s MMC /oz) tug njg Hong Kong .ondon 951.20 945.00 952.20 946.00 Aug 21 Aug 24 952.85 951.15 953.65 951.95 Source: Thomson Reuters CAST BAR (S$) Aug 25 Buying Sellini Kilobar "47,193.42" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm JOgm OOgm oz ozUBS Kinebar™
      132 words
    • 26 24 Aug 25 STI Aui 2590 2600 2615 IIMSCI Am 314.5 316.6 316.6 "aiwan Aui 249.9 251.3 247.7 Source: MF Global (S) He. Ltd
      26 words
    • 22 24 Aug 25 S! Bid Offer 1-month 1.4414 1.4427 2-months 1.4416 1.4429 3-months 1.4417 1.4430 6-months 1.4419 1.4434 Source: OCBC
      22 words
    • 100 24 Aug 24 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 09 1080.00 1023.00 1080.00 1036.25 Nov09 1007.50 973.00 1008.75 983.00 Jan 10 1009.50 975.75 1010.50 985.00 Mar10 1007.00 974.75 1007.50 988.00 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low Sep 09 37.11 36.33 37.33 36.41 3d 09
      100 words
    • 75 24 CRUDE OIL PRODUCTS Aug 24 origin! t/barrel Close Cham irent blend (1-Mth F) 74.54 0.63 VTI (Near Mth) 73.67 0.22 iubai (1-Mth F) 72.70 0.50 "apis blend 79.80 0.60 i/linas 77.30 0.60 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S9.35 80.00 -0.4: 1.61 US$/barrel )pec Oil Basket Price
      75 words
    • 154 24 Aug 25 Against SS lurrencies Bid Offer Against USS Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2061 1.2074 0.8369 0.8371 'anadian dollar 1.3365 1.3383 0.9274 0.9278 iuro 2.0573 2.0595 1.4275 1.4278 IZ dollar 0.9874 0.9885 0.6851 0.6853 jterlini ind 2.3578 2.3602 1.6360 1.6363
      154 words
    • 61 24 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1893.00 months 1927.00 1894.00 1928.00 Copper, Grade A (US$/tonne) :ash months 6420.50 6425.00 6270.50 6270.00 .ead (US$/tonne) :ash months 2007.00 2025.00 1840.00 1863.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • 73 24 Aug 24 (£/tonne) Close Prev Hii ih/Low ,epO9 1866 1872 1884/1862 )ecO9 1872 1882 1892/1866 i/lar 10 1868 1881 1886/1866 i/lay 10 1867 1880 1888/1867 lOFFEE (US$/tonne) Close Pev High/Low iepO9 1316 1335 1340/1314 Mov09 1341 1358 1364/1338 Ian 10 1362 1377 1384/1360 SUGAR (US tonne) White Close Prev
      73 words
    • 57 24 Aug2S lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position iep 09 2424 2438 2452 2420 827 3d 09 2390 2383 2399 2360 4538 tovO9 2367 2355 2373 2323 9931 )ecO9 2370 2353 2370 2315 2319 Total o/p: ***** contracts Turnover: ***** lots
      57 words
    • 288 24 Aug 25 URODOLLAR FUTURES >epO9 DecO9 VlariO lun10 99.6150 99.4550 99.2050 98.7950 6124 3176 2799 3487 EUROYEN TIBOR FUTURES >epO9 99.470 99.470 DecO9 VlariO un10 >ep10 3ec10 \/lar11 un11 99.470 99.470 99.495 99.525 99.525 99.485 99.445 99.360 99.300 23 31 ***** 3095 3290 1602 482 422 412
      288 words
    • 2362 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 ....3.5 unch 233 !036AdvanceSCTW*****9 0.5 !816# Asiasons Capital W*****7 6.5 0.5 61 S756# Asiatic Grp (H) W*****2 4.5 -0.5 1 H05# Asiatravel W*****7 13
      2,362 words

  • Page 25 Advertisements
    • 2891 25 m The Business Times Shipping Times A ___F^| ____l WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M A^^^V &3_____l mßnKn&GFlfflWnM V*Trr\ |jji| ■■>■■« TEL *****588 (14 LINES) FAX:*****163 1» 1^ II M IllHjll^B BjBIWIjjBWBBIWBWjBB \\^^tt I WAN HAI INt FKL TEL: <03| *****888 FAX: (03| *****283 PEN TEL: <04) *****00
      2,891 words

  • Page 26 Advertisements
    • 3333 26 r^VHBHH9i^B9iHI In c eastern car liner, ltd inn inrFTt**. I l|2|il \f-~L— 1 I specialize in roro heavy lift upto 450 tons I WEEKLY EXPRESS SAILING SCHEDULE I I IFii7FWTIF rn^_M _H 1 1 1 1 1 1 1 1 1 PCL/PHL SERVICE AMX SERVICE Connecting ECL SERVICE via MALTA
      3,333 words