The Business Times, 11 June 2008

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Microfilm: NL29385
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday, June 11,2008
    25 words
  • Article
    Lock icon SembMarine unit succeeds in staying winding-up petition
    939 1  -  MICHELLE QUAH Liability from forex scandal best resolved through trial, says court; explosive affidavit admitted [SINGAPORE] Sembcorp Marine subsidiary Jurong Shipyard Pte Ltd (JSPL) has scored a critical victory in the High Court, by holding off a winding-up petition by major creditor BNP
    939 words
  • Article, Illustration
    Lock icon iPhone 3G's coming, BlackBerry beware
    650 1  -  CHRISTOPHER LIM Apple promises lower prices, more features; Sing Tel mum on launch date [SINGAPORE] Singapore Telecommunications (SingTel) said yesterday that it will be bringing Apple's new iPhone 3G in Singapore, which is bolstered with corporate e-mail features to compete in the pushmail market traditionally
    650 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 uesi iam ICOMP 1,230.96 -0.02 IIKKEI225 14,021.17 -160.21 IANG SENG 23,375.52 -1,026.66 ;et INDEX 791.94 -13.64 JAKARTA COM P 2,378.81 -31.96 IANILACOMP 2,645.95 -93.75 ;eoulcomp 1,774.38 -34.58 ;henzhen B 510.74 -41.13 IUMBAI IND 14,889.25 -176.85 12N00NEDT Cham )OW 12,301.00 +20.68 IASDAQ 2,443.85 -15.61
      44 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.766 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.93 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.369 (USS/SS )er£) 1.962 2.685 ;URO (US$/S$/E) 1.557 2.131 'EN 106.70 78.00 3.264 2.385 IK$ 7.810 5.707 !AHT 32.97 24.09 lUPIAH 9,330 6,817 1ENMINBI 6.925 5.060 INDIAN RUPEE 42.92 31.36 1.055 0.771
      37 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      87 1 COMPANIES EXECUTIVE MONEY LJ HOCK LOCK SIEW BE INSPIRED I —I Sime Darby CFO, exec Frontier markets The bottom line Zap for daily inspiration, fired after trading loss retain allure -.V for rigbuilders Win a pair of Zegna PAGE 4 PAGE 32 <A PAGE 5 Sunglasses! PAGE 7 I B
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Sime Darby CFO, exec fired after trading loss
        65 2 SIME Darby Bhd, Malaysia's largest publicly traded palm oil producer, has fired chief financial officer Razidan Ghazalli and a second executive after a RMI2O million (5550.1 million) trading loss at a unit. A refining division lost the money on futures between October
        65 words
      • Article
        Lock icon Japan's Toppan makes $208m offer for SNP
        97 2 JAPAN'S Toppan Printing is making a takeover offer for Singapore-listed SNP Corp for a total of $208 million, or $1.76 per share, an 11 per cent premium to SNP's closing price yesterday of $1.58. The voluntary offer is conditional on Toppan receiving valid
        97 words
      • Article
        Lock icon New SGX rules let banks become clearing members
        71 2 BANKS in Singapore can now become clearing members ofthe securities market here under a set of new rules set by the Singapore Exchange. In a statement, SGX said it has made changes to the Central Depository clearing rules to allow banks here
        71 words
      • Article
        Lock icon Taiwan bourse open to selling stake to SGX
        84 2 THE Taiwan Stock Exchange, which is planning to have an initial public offering early next year, is open to selling a stake to the Singapore Exchange, says TWSE chairman Wu Rong-I. TWSE, which has yet to hold talks with SGX, has had
        84 words
      • Article
        Lock icon Laos pushes for more S'pore investments
        52 2 LAOS, in the heart of Indochina, is opening up to foreign direct investment as it seeks to join the World Trade Organization. And visiting Laotian Minister of Planning and Investment Soulivong Daravong is urging Singapore companies to step up their presence there. SINGAPORE NEWS,
        52 words
      • Article
        Lock icon Asian central banks act as currencies fall
        43 2 CENTRAL banks in Thailand, India and South Korea stepped into markets once again yesterday to defend their falling currencies from a rallying dollar and foreign capital outflows spurred by worries over inflation. ECONOMY WATCH, PAGE 11
        43 words
      • Article
        Lock icon Sarawak judge reveals threats over rulings
        77 2 IN A sensational move, a Sarawak High Court judge has said that he was "threatened" to rule in favour ofthe government in at least one controversial case in the *****. The claim by Justice HC lan Chin in effect confirms the findings of the
        77 words
      • Article
        Lock icon China stocks plunge 8.1%, the most since Feb '07
        88 2 CHINA'S stocks plunged 8.1 per cent, the most since February 2007, after the central bank ordered lenders to set aside record reserves to curb credit growth and inflation. More than half of the benchmark stock measure's 300 members slumped by the
        88 words
    • Article, Illustration
      Lock icon Asian stocks plunge on renewed inflation fears
      679 2  -  CONRAD TAN China, HK equities dive after PBOC hikes reserve ratio to record 17.5% [SINGAPORE] Stock prices in the region tumbled yesterday, as investors were spooked by overnight news of further losses at a major US investment bank and fears that central banks
      AP  -  679 words
    • Article
      Lock icon Wall Street braces for dark days
      653 2  -  ANDREW MARKS THE sun has been blazing over Wall Street the past several days, but a dark cloud of fear and uncertainty has chilled investors since last Friday's big sell-off in the stock market. And the lack of a bounceback rally on Monday seems
      653 words
    • Article
      Lock icon Indosat share price surges in wake of Qtel deal
      332 2 Bloomberg [JAKARTA] PT Indosat rose the most in almost 10 years in Jakarta trading after Qatar Telecom QSC agreed to pay a 31 per cent premium for a controlling stake in Indonesia's second-largest phone company. Indosat climbed 18 per cent to
      – Bloomberg  -  332 words
    • Article, Illustration
      Lock icon New budget for SICC clubhouse gets go-ahead
      510 4  -  LEE U-WEN [SINGAPORE] Members of the Singapore Island Country Club (SICC) have voted in favour of a new $90.3 million budget to build a new, ultra-modern clubhouse. This figure is a shade over 50 per cent more than the original $60 million budget
      510 words
    • Article
      Lock icon Sime Darby CFO, exec fired after trading loss
      412 4 Bloomberg, Reuters Refining division lost RM 120 m on futures between Oct 2006 and Aug 2007 [KUALA LUMPUR] Sime Darby Bhd, Malaysia's largest publicly traded palm oil producer, has fired chief financial officer Razidan Ghazalli and a second executive after a RMI2O
      Bloomberg, Reuters  -  412 words
    • Article, Illustration
      Lock icon Ex-SGX CEO Tom Kloet to helm Toronto exchange
      371 4 Bloomberg [TORONTO] TSX Group Inc, owner ofthe Toronto Stock Exchange, hired Thomas Kloet as chief executive officer, bypassing internal candidates including deputy CEO Luc Bertrand to lead the company that controls stock and derivatives trading in Canada. Mr Kloet, the former chief
      – Bloomberg  -  371 words
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      Lock icon Page 2 Advertisements Column 1
      529 2 I mjA \\!mmwm^w\a 111 I SfSl JB^F^sjWlwTSfl IFRS for Financial Institutions, Funds and Investment Companies Dates and Time Financial institutions, funds and investment companies have unique and sometimes complex Day 1 Wprlnpuflav 93 Tnlv 9flflB transactions that follow special accounting rules. This series of seminars is intended for r» i
      529 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      151 3 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office a* 9** Global Custody 1U V Investor Services IX MM L J Lit Asset Management lf\ f^ f^ f^ Investment Funds 111 \V^ LI I V^ \*J \m* W-- m\ mW" lift^fl W^^^^Fmmm^Um\9lmm\ VjamMmmWr 11-mmW
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • Article
      Lock icon Japan's Toppan makes $208m offer for SNP
      554 5  -  CHEW XIANG Major shareholder Green Dot, with 53.53% stake, has accepted offer JAPAN'S Toppan Printing is making a takeover offer for Singapore-listed SNP Corp for a total of $208 million, or $1.76 per share, an 11 per cent premium to SNP's closing price
      554 words
    • Article
      Lock icon New SGX rules let banks become clearing members
      392 5  -  OH BOON PING BANKS in Singapore can now become clearing members of the securities market here under a set of new rules set by the Singapore Exchange (SGX). In a statement, SGX said it has made changes to the Central Depository (CDP)
      392 words
    • Article
      Lock icon Rigbuilders: the bottom line
      544 5  -  VINCENT WEE IN THE recent excitement over contract announcements by the major local rigbuilders, could investors be missing the forest for the trees? While multi-mil-lion-dollar contracts and full order books make for great headlines, rising costs may start to hit profit margins going forward. Keppel Offshore
      544 words
    • Article, Illustration
      Lock icon Wish list of audit committee members
      725 7  -  MICHELLE QUAH Help sought includes greater guidance on risk management issues: survey AUDIT committee members here want greater guidance on risk management issues, as business grows in complexity. And many say that they need help on handling governance issues in family-owned companies. These are
      725 words
    • Article
      Lock icon Taiwan bourse open to stake sale to SGX
      445 8  -  JAMIE LEE Plans on track to cross-list ETF based on Taiwan 50 Index on SGX by Sept THE Taiwan Stock Exchange (TWSE), which is planning to have an initial public offering early next year, is open to selling a stake to the
      445 words
    • Article
      Lock icon Chartered cuts Q2 gross profit forecast
      439 8 Reuters CHARTERED Semiconductor Manufacturing warned yesterday that its sec-ond-quarter gross profit would be almost a fifth below its earlier guidance due to higher costs, but kept its net profit forecast thanks to a tax writeback. In contrast to its bigger Taiwanese rivals TSMC and
      ■ Reuters  -  439 words
    • Article, Illustration
      Lock icon UOB launches card with regional perks
      340 8  -  CHOW PENN NEE TO help grow its South-east Asian presence and attract more card holders regionally, United Overseas Bank has launched a credit card that gives customers discounts and privileges in the region. The UOB Preferred Platinum Card will give Asian customers golf, dining,
      340 words
    • Article
      Lock icon SP AusNet seeking loan of A$320m to refinance debts
      200 8 Reuters AUSTRALIAN power firm SP AusNet said yesterday that it is looking to borrow another As32o million (Ss4ls million) this year to refinance its debts, as borrowing costs rise amid a tight credit market. The firm, which signed a A 51.55
      – Reuters  -  200 words
    • COMPANY BRIEFS
      • Article
        Lock icon Higher price in Yanlord Shanghai Phase 3
        71 8 YANLORD Land Group said 60 per cent of its first batch of 130 apartment units launched in Shanghai Yanlord Riverside City Phase Three were sold during the opening weekend in June 2008. It said the average selling price was 13 per cent higher,
        71 words
      • Article
        Lock icon SembCorp director buys 50,000 shares
        36 8 SEMBCORP Industries Ltd said its director Yong Ying-I bought 50,000 shares at $4,588 each in the open market on Monday. This raised her stake to 300,000 shares or 0.01 per cent.
        36 words
      • Article
        Lock icon AusGroup wins A$21m contract
        59 8 AUSGROUP has secured a contract worth more than As2l million to fabricate a twin cell car dumper and iron ore wagon indexer. This latest deal, which is a repeat order from an existing customer, brings AusGroup's total order book to over As2oo million. Work will commence
        59 words
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      Lock icon Page 5 Advertisements Column 1
      40 5 I Singapore's Largest Private Law School| Full-time Part-time 2 years for Graduate Entry 3 years for Normal Entry Admissions now open Also Available: Diploma in Law HOTLINE: 6338 0300 www.stansfield.edu.sg Stansfield' College 11 Penang Lane (next to Dhoby Ghaut MRT)
      40 words
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      Lock icon Page 5 Advertisements Column 2
      33 5 W V MM mmmY^L M 2W M mW WL^L V mW AmW II mW XW*^ HQB V i^T B mmmmM *fl i^jj^F^ mmmr Wmt^ m mmmw aaaaaam mmmmammaaj mmmam mT~Mmm\ mmmi^^^^miZ^immm^ _^«jj^i^i^flMß^3F HsmB
      33 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Record oil prices call the shots
      930 6 CURRENCIES Weak Asian currencies hurt, US$ sandwiched by rough data, tough comments AN unprecedented one-day oil price surge of more than US$lO last Friday has called the shots in financial markets, hurting Wall Street anew, defusing a good-looking US dollar comeback, and punishing weaker
      930 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 11 1 0 0 0 4 11 1 lanufacturing 29 113 49 15 33 128 57 Commerce 41 18 10 49 22 'pt/Stor/Comms 22 11 23 12 :inance 27 27 Construction 13 19 'roperties 32
      97 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 22.953 22.953 110.934 110.934 lanufacturing 236.580 38.178 274.758 235.594 3.705 239.299 lommerce 61.382 27.597 88.979 81.140 8.512 89.653 'pt/Stor/Comms 109.024 4.267 113.291 318.875 1.653 320.528 :inance 35.536 35.536 319.548 319.548 Jonstruction 29.119 4.323 33.442 5.976 478 6.454 ■roperties 54.121
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 6 lapitaLand 5.950 -0.170 Olam 2.510 -0.180 lapltaMall 3.250 -0.020 S IA 15.080 -0.320 JityDev 10.500 -0.320 SGX 7.530 -0.180 Iosco Corp 3.170 -0.120 SIA Engg 4.110 -0.040 IBS Grp 19.160 -0.340 SPH 4.250 -0.020 :&N 4.660 -0.110 ST Engg 3.160 -0.030 Sent Intl 0.590 -0.015 SembCorp
      105 words
    • Article
      Lock icon BROKERS' TAKE
      790 6  -  CHOW PENN NEE Singapore: Real Estate GOLDMAN SACHS, June 10 MURKY outlook for real estate, downgrade sector and Capita Land to "neutral". Developers face double whammy; downgrade sector to neutral: We stand by our structural bull-case view of Singapore property, but temper our near-term stance, as the standoff
      790 words
    • Article, Illustration
      Lock icon Losses continue amid Asian sell-off
      492 6  -  CONRAD TAN STOCKS SHARES here extended their losses into a second day yesterday, amid a broader sell-off in Asian equities sparked by renewed inflation fears and concern over the financial sector. The Straits Times Index fell 50.97 points or 1.7 per cent to 3,033.05, bringing
      492 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      49 6 CLOSE -844.00-305.0C IT OB/OS IT CADI -*****.00-282.0i IT 10-day MA -*****.00 -85.0' TSE ST Mid Cap 768.55 -12.6' TSE ST Small Cap 646.49 -10.2 TSE ST All Share 774.35 -12.8 TSE ST China 440.91 -11.5 OB Catalist 146.53 -3.1 IMSCI 369.76 -6.6! IMSCI Futures 369.10 -6.7i
      49 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME SingTel 38,626,000 Golden Aqri 31,801,000 Gent Intl 27,651,000 Chasen 26,930,000 Ocean us 24,874,000 DBS DBeCWOBIOI3 24,732,000 CoscoCorpDßeCWoBo929 18,222,000 Cosco Corp 15,691,000 CoscoCorpMßl_eCWoBllo3 15,535,000 Yanqzijianq 14,914,000 VALUE(S) SingTel 140,102,280 SGX 90,234,440 Keppel Corp 80,222,680 DBS Grp 78,797,940 CapitaLand 67,764,690 UOB 67,601,580 OCBC Bk 61,986,220 S I A
      57 words
    • Article
      Lock icon RISES
      100 6 i.93%Pref10 BY CENTS CLOSE UP 9900 100.0 1.0 ICBCCai Pair 559 31.5 4.3 Creative Tech 670 20.0 3.1 itraitsAsia 415 15.0 3.8 lanMBLePW***** 43 12.0 38.7 »sia Pac Brew 1320 10.0 0.8 UOBMBLePW*****7 35.5 9.0 34.0 'BL Cor| 553 8.0 1.5 Boustead 224 6.0 2.8 landDBePW***** 34 6.0 21.4
      100 words
    • Article
      Lock icon FALLS
      109 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 8740-266.8 -2.2 LP 10US$ China H 10US$ 1631-160.1 -6. IMH 3224-123.1 -2. :iMBAsean40 100US$ 920 -60.2 -4.J Asia 10US$ 457 -34.2 -5.; iBS Gr| 1916 -34.0 -1. :it 1050 -32.0 -3.i I A 1508 -32.0
      109 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      82 6 Jun 10 CLOSE CHNG FRJun9 YR SSLOW R2008 S$ HIGH USS 1.3705 -0.62 1.4542 1.3457 Euro 2.1276 1.13 2.2064 2.0474 Pounds 2.6828 0.23 2.8431 2.6568 1.3003 0.68 1.3235 1.2349 'en* 1.2814 0.44 1.4484 1.2800® Rupiah* 0.***** -0.57 0.***** 0.***** Baht* 4.1530 -1.34 4.4299 4.0750 Peso* 3.0881
      82 words
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      Lock icon Page 7 Advertisements Column 1
      112 7 ZAP UJ i m m for daily inspirational quotes Brought to you by Ermenegildo Zegna Hear from established business gurus like Donald Trump, Warren Buffett, Richard Branson and the likes, and stay at the forefront of the business arena. Win a pair of Ermenegildo Zegna Sunglasses worth $600! To Zap:
      112 words
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      Lock icon Page 7 Advertisements Column 2
      231 7 M Am aim m X mmm it *S^*^ IH f iff I Sing Tel is the first in the worid to launch Bloomberg Mobile an exclusive financial mobile service in Singapore. It allows you to personalise your stock picks and track your stocks, receive up-to-the-minute financial news, monitor global market
      231 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon HDB pricing policy limits impact of rising costs
      455 9  -  EMILYN YAP Board trying to contain cost by simplifying some projects CONSTRUCTION costs for Housing Development Board (HDB) flats have increased but the impact on buyers is likely to be limited, due to HDB's pricing policy and cost-control measures. Speaking to the
      LIANHE ZAOBAO  -  455 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Lui heads team to Apec education meet
        70 9 LUI Tuck Yew, Senior Minister of State, Ministry of Education and Ministry of Information, Communications and the Arts, will lead a delegation to the fourth Apec Education Ministerial Meeting today and tomorrow in Lima, Peru. The meeting will focus on 21st century competencies
        70 words
      • Article
        Lock icon Roberts named Tiger Airways Australia MD
        67 9 SHELLEY Roberts, asset director at Macquarie Airports investment fund, will become managing director of Tiger Airways Australia in mid-July. A chartered accountant by training, she once held a senior position at leading European low-fare airline easy Jet. Outgoing MD Chris Ward has been named
        67 words
    • Article
      Lock icon Laos pushes for more S'pore investments
      415 10  -  CHUANG PECK MING Country has set ambitious 5-year growth targets; govt is introducing pro-business reforms LAOS, in the heart of Indochina, is opening up to foreign direct investment as it seeks to join the World Trade Organization. And visiting Laotian Minister of Planning and
      415 words
    • Article
      Lock icon Sold on the iPhone, not its features
      686 10 COMMENTARY Critics will point to original model's shortcomings that haven't been rectified in iPhone 3G By CHRISTOPHER LIM I USUALLY sleep late, so it wasn't much of a stretch to stay up until lam for the anticipated launch of Apple's new iPhone. But
      686 words
    • Article, Illustration
      Lock icon Asean, Australia joint efforts will pay off: SM Goh
      398 10  -  LEE U-WEN Energy, environment are two fields that'll bear mutual benefit ENERGY and the environment are but just two areas that Asean and Australia could work together on more closely for mutual benefit, Senior Minister Goh Chok Tong said last night.
      FILE PHOTO  -  398 words
    • Article
      Lock icon BroadcastAsia looks to cut US$1.8b in deals: organiser
      416 10  -  ONG BOON KIAT SOME 68,000 projected visitors to Broadcast Asia 2008 could spend US$l.B billion cutting deals related to the show, according to Stephen Tan, chief executive of Singapore Exhibition Services, the company organising the event. Speaking at a news conference yesterday,
      416 words
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      Lock icon Page 9 Advertisements Column 1
      117 9 mmmw <&*MmS years M ABNAMRO RBS congratulates ABN AMRO on 150 years of I Tr ■ea a a^^^--^^J^^JrT^TTt■■■l^l^ .SSI I I saßy"*"*! BE£rs*^'!Z!gl.'llg*M >iff•'""•' 1 BK ff|r"'^''~TF fV^S HB> -■--in i <t i^Bfi'' *■■■■**>-H9 i '11? 1 ij^^^^^Ti r-.■■*>,-^^£ j»-'-j(fcf'^^*- "^■3f|^ft^3SS^£~'X ~^7~~^^~m^^mmimmmmmw .^^^^^^^^^^^^^^L-Z-^^— <?' jfiECTfrLi-J' j jf*^!OHmmmwm£mnmuum&rj£jMmm9i&+£Z^*'^mm\ mm^^^^^Kt^^*' <**<-.'***' **W\
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      1205 10 S^f/ NICO STEEL HOLDINGS LIMITED m\,yL*r (Incorporated in the Republic of Singapore] Company Registration No. *****4166 D Notice off Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at Anderson Room (506), level 5, RELC International Hotel, 30 Orange Grove
      1,205 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Saudi Arabia calls for talks with consumer countries
      672 11 AFP [JEDDAH] Oil kingpin Saudi Arabia called on Monday for talks with consumer nations on soaring world prices and reiterated its readiness to meet any increase in demand. The Saudi call was swiftly welcomed by the United States, which has expressed mounting
      AFP  -  672 words
    • Article
      Lock icon Asian central banks act as currencies fall
      448 11 Reuters Thailand, S Korea, India step in as USS rallies, foreign capital flows out [SINGAPORE] Central banks in Thailand, India and South Korea stepped into markets once again yesterday to defend their falling currencies from a rallying dollar and foreign capital outflows spurred
      – Reuters  -  448 words
    • Article
      Lock icon S Korea faces 'resources crisis': Lee
      124 11 [SEOUL] President Lee Myung Bak said yesterday that South Korea faces serious problems over rising inflation and slowing growth, with Asia's fourth-largest economy heading for its roughest patch in a decade amid a "resources crisis". "International crude oil prices have doubled over a year
      124 words
    • Article
      Lock icon Global growth to slow on oil, food prices: World Bank
      272 11 Bloomberg [CAPE TOWN] Global economic growth will probably slow to 2.7 per cent this year from 3.7 per cent in 2007, checked by spiralling food and energy prices and the sub-prime credit crisis, the World Bank said. Developing countries should
      Bloomberg  -  272 words
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      227 11 W^WimmmM rnVM RlZfl Mmmm WbmßmmSmßM MIHIIMIIH Wmmmmmll^mmmmmmmlWKllH mw V Am M\ Vxi r^*y^* mmm-*! i *^B jj'^" 9M 52 V 't»'*|h'»r TIT H riflflßSfl ■V>* V. W H -r— mmmwW' f 1 313'*^ am A a% Singapore Tokyo i^^tP S^RP l^ffl9 Tokyo ->• Singapore Morning Flight Night Flight Flight No
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Meet the many faces of a tragic monarch
      438 12  -  CHRISTOPHER LIM Trilogy puts a unique spin on one of the Bard's most complex works, writes IF you thought last year's outstanding production of King Lear, which starred Sir lan McKellen, was about as good as dramatisation of the play gets, The
      438 words
    • Article
      Lock icon BURSA MALAYSIA
      2250 12 VOL ('000) lun10 RM A&M Realty 0.60 \bric Bhd 0.15 Advance Synergy 0.11 Adventa Bhd 1.24 AeMuIti Hldgs 0.24 Affin Holdings 1.99 Ahmad Zaki Resou 0.79 AicCorp 0.51 \irasia Bhd 0.90 Akn Technology 0.43 Alliance Financi 2.90 Aluminium Co 1.04 Amalgamated Ind 0.53 \mmb HldgsBhd 3.56 Amtel Holdings
      2,250 words
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      3181 12 1 IN THE SESSIONS COURT AT ((J\Y) PCA TECHNOLOGY LIMITED MELAKA Vv#Vy/ (Registration No. *****0938N) IN THE STATE OF MELAKA, r^T^^C-v NOTICE OF THE FOURTEENTH ANNUAL GENERAL MEETING MALAYSIA pcatechnology SUMMONS NO fh 52-2285 NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting ofthe Company will be held at
      3,181 words
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  • MALAYSIA
    • Article
      Lock icon Sarawak judge threatened over rulings
      787 13 Claim over cases in 1990s backs up panel's findings in judge-fixing scandal By S JAYASANKARAN in Kuala Lumpur IN A sensational move, a Sarawak High Court judge has said that he was "threatened" to rule in favour of the government in at least one controversial
      787 words
    • Article, Illustration
      Lock icon Devising a face-saving exit for Abdullah
      559 13  -  S JAYASANKARAN ANALYSIS GOING by the consensus emanating from last week's retreat of leaders of the ruling United Malays National Organisation (Umno) or at least going by what wasn't said Prime Minister Abdullah Ahmad Badawi's plans to stay in power until 2010 could be
      REUTERS  -  559 words
    • Article
      Lock icon Acquisition of Thai bank not this year: Maybank
      259 13 Reuters [KUALA LUMPUR] Malayan Banking, Malaysia's top lender, won't buy a Thai bank this year as it focuses on integrating its string of recent acquisitions, its chief said yesterday. Maybank has said Indonesia, Pakistan and Thailand are "must-have" markets to help drive
      Reuters  -  259 words
    • Article, Illustration
      Lock icon KL to review some protective policies to boost mfg, services
      615 13  -  PAULINE NG MALAYSIA'S Minister of International Trade and Industry (Miti) Muhyiddin Yassin has indicated that some of the country's protective policies especially those that have been in place for a considerable period would be reviewed so as to expand the
      BLOOMBERG  -  615 words
    • BRIEFLY ASIA
      • Article
        Lock icon KL to scrap import permits for equipment
        50 13 Bloomberg [KUALA LUMPUR] Malaysia's government will scrap import permits for some construction equipment in January 2009 for six types of goods including levellers, road rollers and track-laying bulldozers. The government will also review some protective policies in the country's manufacturing and services industries.
        – Bloomberg  -  50 words
      • Article
        Lock icon EU may ban M'sian seafood imports
        64 13 -AP [KUALA LUMPUR] The European Union may ban seafood imports from Malaysia over health concerns. The possible suspension follows an April visit by EU health inspectors to Malaysia's seafood processing companies and their facilities. It said that two-thirds of Malaysian vessels and establishments visited
        -AP  -  64 words
      • Article
        Lock icon Vale favours M'sia for iron ore pellet plant
        51 13 Reuters [SINGAPORE] Brazil's Vale said that it favours Malaysia for a US$l billion South-east Asian iron ore pelletising project. The plant would have a capacity of a minimum of seven million tonnes and would supply steelmills in Malaysia, Indonesia, India, Japan and
        – Reuters  -  51 words
      • Article
        Lock icon Infrastructure to list US$1.25b fund
        44 13 Reuters [SINGAPORE] Indian government-linked Infrastructure Development Finance plans to list a US$l.25 biUion infrastructure fund, the first such listing. US$5OO million has been raised so far and will be probably listed in India, although no timeline has been set.
        – Reuters  -  44 words
      • Article
        Lock icon Beijing defends oil price controls
        56 13 -AFP [SHANGHAI] The Chinese government defended itself against corporate criticism of oil price controls, saying that they were good for the national economy. It said that lifting caps on domestic fuel prices, which have been kept much lower than international levels, would "have a huge
        -AFP  -  56 words
      • Article
        Lock icon Jakarta plans second US$ bond sale
        45 13 Bloomberg [JAKARTA] Indonesia, South-east Asia's largest economy, will start global investor meetings on June 12 for its second US dollar bond sale this year. The country plans to raise US$l.5 billion selling bonds maturing in 10 years or longer.
        – Bloomberg  -  45 words
  • Page 13 Advertisements
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      287 13 t'^'A^i t'J TI F^ 5.5/ POTS KOO /JV IME DRIVER'S SEAT §f Wa\ r\ To be in control of your company data is critical to your success %> SageAccpac ERP v 5.5 Offers So Many Advantages AGENDA You Can't Afford Hot ta Know More uo How Sage Asia Can Put
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  • GREATER CHINA
    • Article
      Lock icon China stocks plunge 8.1%, most since Feb '07
      655 14 Bloomberg Half of the benchmark stock measure's 300 members slumped by the 10 per cent daily limit [SHANGHAI] China's stocks plunged 8.1 per cent, the most since February 2007, after the central bank ordered lenders to set aside record reserves to curb
      Bloomberg  -  655 words
  • Page 14 Advertisements
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      724 14 H^^ CELEB RATE FATH E R'S DAY... Bk. at the Meritus Mandarin, with exclusive door gifts! I B At Triple 3, all dads will receive a miniature bottle of Loewe Eau de Toilette, on a first-come first-served basis. For a very Wk exclusive price of $s*, buy your dad a
      724 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China's economy to grow 10%
      659 15 AFP, Bloomberg Fundamentals remain strong; government expects to rein in inflation [SHANGHAI] China's economy is likely to grow about 10 per cent in 2008 despite the global slowdown, and the government expects to rein in inflation, state media reported yesterday, citing a senior economist. Growth
      – AFP,; Bloomberg; AP  -  659 words
    • Article
      Lock icon China pension fund to double assets by 2010
      299 15 -Bloomberg [BEIJING] China's US$74 billion national pension fund expects to almost double the assets it holds by 2010, its chairman said. The fund will have one trillion yuan (*****.7 billion) of assets by 2010, Dai Xianglong, chairman of The National Council for
      -Bloomberg  -  299 words
    • Article
      Lock icon BPTP woos investors for Delhi project
      220 15 Reuters [HONG KONG] BPTP Ltd, which clinched India's biggest land deal for US$l.2 billion in March, is looking for investors for a city it plans to build near New Delhi. Some Indian developers have scoffed at what they believe was an exorbitant price for
      – Reuters  -  220 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8302 15 UNIT TRUSTS FUNDS UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.238/ AIGIF S'pore Bond Fund/ A 1.321/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.03/ APS Alpha Fund (USD) 0.76/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9757/
      8,302 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US April trade deficit jumps 7.8% to 13-month high
      563 16 -AP LATEST US DATA Surge driven by USs4.3b rise in oil imports; trade gap with China up 25.9% [WASHINGTON] The US trade deficit jumped to the highest level in 13 months in April as America's bill for foreign crude oil soared
      -AP  -  563 words
    • Article
      Lock icon Lump sum US tax rebate may not boost spending: study
      430 16 -AFP [PARIS] The US government has failed if it believes that its one-off tax rebate will perk up consumer spending and help revive the American economy, according to a study to be released today. Behavioural scientists have found that people
      -AFP  -  430 words
    • Article
      Lock icon Vietnam raises interest rate to highest in Asia
      393 16 Bloomberg [HANOI] Vietnam has increased the benchmark interest rate to the highest in Asia to cool the quickest inflation since at least 1992, and will allow the dong to weaken. Governor Nguyen Van Giau will raise the base rate to 14 per
      – Bloomberg  -  393 words
    • Article
      Lock icon US stores pull certain tomatoes off shelves
      171 16 Reuters [LOS ANGELES] McDonald's Corp, Wal-Mart Stores Inc and other restaurant and grocery chains have stopped selling certain tomatoes as US health officials work to pinpoint the source of a salmonella outbreak. The US Food and Drug Administration on Saturday warned US consumers
      Reuters  -  171 words
    • Article
      Lock icon Protests, strikes across Asia over rising fuel prices
      455 16 Reuters [KUALA LUMPUR] Discontent over soaring fuel prices faced governments across Asia yesterday, surfacing in strikes and protests and pressuring leaders to consider policies to quell the anger. Like others around the globe, Asian governments are struggling to keep rising prices from
      – Reuters  -  455 words
    • Article, Illustration
      Lock icon Seoul govt offers to quit amid huge protests
      525 16 -Reuters President may start cabinet reshuffle later this week [SEOUL] South Korea's entire cabinet offered to resign yesterday in the face of massive street protests, as its increasingly unpopular president warned that Asia's fourth-largest economy could be heading into crisis. The protests
      -Reuters; AFP  -  525 words
    • Article
      Lock icon Burden of record oil price less than in the 1980s: lEA
      594 16 -AFP But price surge will have damaging, long-lasting impact [PARIS] The price of oil is at historic records even allowing for inflation but the overall burden on the global economy is much less than in the 1980s, the International
      -AFP  -  594 words
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  • AVIATION
    • Article, Illustration
      Lock icon Cathay Pacific shares tumble 7.6% on fuel price hikes
      454 17 Bloomberg It would need to double surcharges or raise average fares 20%: analyst [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong's largest airline, dropped the most in almost seven years on the city's stock market after fuel prices surged and ÜBS
      Bloomberg; FILE PHOTO  -  454 words
    • Article
      Lock icon Fear of flying infections overblown: study
      331 17 -AFP [SYDNEY] The widely-held belief that passengers crowded aboard airliners are exposed to a high risk of catching infectious diseases is exaggerated, an Australian government study has found. The belief that the air in planes is full of contaminants is based on the perception
      -AFP  -  331 words
    • Article
      Lock icon An end to 'polished frost1 on private jet wings
      617 17 An end to 'polished frost 1 on private jet wings Bloomberg [WASHINGTON] US air safety regulators have decided, after almost 50 years, that it's no longer safe for private and cargo aircraft to fly with "polished frost" on their wings. Since 1960, the Federal Aviation Administration (FAA) has allowed some
      – Bloomberg  -  617 words
    • Article
      Lock icon India carriers may double losses this year
      474 17 Bloomberg [MUMBAI] Jet Airways (India) Ltd, the nation's largest domestic carrier, and its local rivals may lose a combined US$l.5 billion this year, more than double a year earlier, on higher jet fuel prices, an industry consultant said. Airlines will cut routes and
      – Bloomberg  -  474 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2526 17 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), ways
      2,526 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      455 17 CRYPTIC CROSSWORD ACROSS R I [2 I [3 I H4 If. I [6 I p I Simple things one caught, =™™™?™^J— fish coming round (6) I'1' I|" __m |^B 4 Made a jump seconds be- To ■■Ti fore crash (6) BJ 8 Pickle from Caribbean island BJI BJ BJ flfl
      455 words
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  • SHIPPING
    • Article
      Lock icon Opposing views emerge on liner shipping
      914 18  -  DAVID HUGHES STRAIT TALK CIBC economists warn higher transport fuel costs may put globalisation into reverse IT has been an interesting week or two on the liner shipping scene. Owners and the shippers have expressed predictably opposing views on regulation, which suggests there will
      914 words
    • Article, Illustration
      Lock icon Chinese yards urged not to compromise on standards
      444 18  -  VINCENT WEE Pressure to find increasingly scarce skilled workers another worry CHINESE yards have worked hard to build their reputation for quality and this must not be eroded by a deterioration in standards during the current shipping boom. This was the key
      BLOOMBERG  -  444 words
    • Article
      Lock icon Baltic Dry Index falls a second straight day on fewer cargoes
      296 18 Bloomberg It slid 78 points, or 0.7%, to 11,534 points [LONDON] The Baltic Dry Index (BDI), a measure of shipping costs for commodities, fell for a second day on reduced cargoes such as grains hauled by so-called panamax vessels.
      Bloomberg  -  296 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        109 18 '000 km 10 it Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures KeppelCorp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.64 0.37 3.17 0.85
        109 words
      • Article
        Lock icon KLSE
        41 18 '000 km 10 M$ Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 0.79 9.10 8.80 3.84 3.14 0.21 unch unch unch unch -0.02 -0.08 0.03 unch 704 318 1349 373 626 37 0
        41 words
      • Article
        Lock icon BANGKOK
        16 18 '00 km 10 Bahl Vol Precious Ship Regional Cont .23.38 .23.90 -0.22 -0.50 1191 139
        16 words
      • Article
        Lock icon HONGKONG
        15 18 '000 km 10 HK$ Vol Doil iingamas Cont 45.65 2.28 -4.30 -0.11 2333 2328
        15 words
      • Article
        Lock icon PHILIPPINES
        25 18 '000 lun10 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 31.50 unch unch -0.10 -0.50 unch unch 7466 112 0 0
        25 words
      • Article
        Lock icon TAIPEI
        21 18 Evergreen Marine ....27.30 :irst Steamship 69.00 WanHai Lines 25.60 fang Ming Marine...22.85 -0.35 -1.50 -0.85 -0.25 9 3 5 7
        21 words
      • Article
        Lock icon TOKYO
        44 18 '000 km 10 Yen Vol Kawasaki Hvy Ind ..337.00 -6.00 ***** Kawasaki Kisen ....1124.00 -7.00 3520 Mitsubishi Hvy 578.00 3.00 ***** Mitsui Eng&Sbldg...394.00 -3.00 ***** Mitsui Osk Lines ...1554.00 -23.00 9044 Nippon Express 520.00 -3.00 3241 Nippon Yusen 1033.00 -7.00 5491 Source: Reuters
        44 words
    • Article
      Lock icon French oil port strikers call for more action, govt under pressure
      476 18 Reuters, AFP [PARIS] Striking workers at France's largest oil port of Fos-Lavera in southern France on Monday entered their third day of action, stepping up pressure on the government over its plan to privatise state-run ports. The three-day strike
      – Reuters,; AFP |  -  476 words
    • Article
      Lock icon Iran plans to cut oil tankers, clear stored crude
      326 18 Bloomberg [TEHERAN] Iran, Opec's second-largest oil producer, said it plans to cut the number of tankers idling in the Persian Gulf and clear a backlog of crude stored on them by the end of this month. The nation still has 14
      Bloomberg  -  326 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      156 18 TUVALU SHIP REGISTRY QiJALITY SERVICE 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with I ACS members 6. No restriction on nationality of ownership on surveys and issuance of statutory certificates 7" Tuvalu ls a part^ to STCW 1987 conventlon statutory certificates as amended and is a couritry
      156 words
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      Lock icon Page 18 Advertisements Column 2
      146 18 Customers are reminded that FEFC Principals agreed on an FEFC Business Plan for Westbound cargo for 2008 of which the third stage is as follows: From Asia (excluding Japan) to North Europe/Baltic/Scandinavia and Mediterranean Ist July 2008 A Conference rate increase for Dry and Reefer containers of US$ 300 per
      146 words
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  • Page 19 Advertisements
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      247 19 m IT r^^mT HII m WMzf '/^W^y\W^vßi ma mIfI I I Fma 11 tmlfJ r* TiJ I i jH KSS El 9 M jg^_ _m_^^^^ m w B^__P_> mr*m\ _v _r a^ I mT^m^^A^m '\s tji THi Zt*£l mm. .rm_* \\mmmmnm^ WW m\^mammaAm^m\ mwmm aaOmm Louis Dreyfus hoegh autoliners ARMATEURS
      247 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Vietnam's economy hits the skids
      515 20 JUST about every Asian economy is being buffeted by rising inflation and stockmarket instability, but none more so, or more dramatically, than Vietnam. Just last year, the country was hailed as Asia's latest "tiger economy" a new China in the making. GDP growth was roaring
      515 words
    • Article, Illustration
      Lock icon India's legal system requires reform
      1250 20  -  BIBEK DEBROY But no one is taking this up as the law portfolio is not perceived to be an important one AN EFFICIENT legal system is a prerequisite for growth. India's legal system is two-faced. It has a functioning legal system and rule of law
      REUTERS  -  1,250 words
    • Article, Illustration
      Lock icon EU's future hangs on Irish vote on reform treaty
      806 20  -  SHADA ISLAM THE BOTTOM LINE IT WAS not supposed to be this difficult. For months, European Union policymakers have taken for granted that Irish voters will endorse the bloc's new reform treaty in a referendum set for tomorrow. After all, they
      806 words
    • Article, Illustration
      Lock icon The Oculus saga: Lessons for corporate governance
      1164 21  -  MAX YUEN TEEN Spore must take steps to improve the enforcement of director duties or risk a repeat of such episodes THE saga involving corporate governance at optical product manufacturer Oculus appears to be nearing closure from the company's point of view. But
      ST/FILE PHOTO  -  1,164 words
    • Article
      Lock icon Playing the alluring game of debt
      838 21  -  DAVID BROOKS -NYT THE people who created this country built a moral structure around money. The Puritan legacy inhibited luxury and self-in-dulgence. Benjamin Franklin spread a practical gospel that emphasised hard work, temperance and frugality. Millions of parents, preachers, newspaper editors and teachers expounded
      -NYT  -  838 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6900 22 Transaction date: Jun 10 52-wks Tel ligh Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30
      6,900 words
    • Article
      Lock icon SGX XTRANET
      76 22 iWk Tel Low Code Last Sale Vol COOO) Low Lasl (uote Seller Div C'vr Net P/E Cap _Hm Comi _H|< Bui 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288
      76 words
    • Article
      Lock icon SGX CATALIST
      1949 22 52-Wk Tel High Low Code Last Sale Vol C0001 Day Last Quote ih Low Buyer Seller Div GrYld C'vr Net MCap P/E Sinil Comi JiL 30 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38
      1,949 words
    • Article
      Lock icon CLOB INTERNATIONAL
      185 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      185 words
  • Page 22 Advertisements
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      107 22 B Uifttii PHOENIX r- 4H 3L |C I A \\\\\\WW\^ Q^ms& I --ia l D l o.dd X^^. v_"' H Imm H__China Make an affordable call mk I V*~t~^*s ..-^sA I Germany j I E^^»- mrmmu m\ Hon9 Kon9 I u[ I Wrn^A /75^v\ 3> Wm\ Italy 1^ I (A"
      107 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 23 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 9 World Index Preliminan 1038.3 -0.2 -8.3 -0.3 -11.0 -0.3 -6.1 EAFE Preliminai 988.4 -0.9 -11.8 -1.1 -12.0 -1.0 -7.1 Euro[ Preliminan 1336.5 -0.6
      365 words
    • Article
      Lock icon PALM OIL
      61 23 jun io Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Jun 08 3625 Jul 08 3635 Aug 08 3647 Sep 08 3650 Total o/p: ***** contracts 3530 3637 3540 3520 3648 3520 3530 3679 3530 3540 3687 3540 Turnover: 7144 Market tone:
      61 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 23 jun 10 ten HJ! Sett STI SIMSCI Jun 375.4 376.5 369.1 Taiwan Jun 327 327.9 319.9 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 23 Jun 10 Bid Offer 1-month 1.3660 1.3674 2-months 1.3644 1.3658 3-months 1.3631 1.3646 6-months 1.3591 1.3607 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 jun w Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.2969 1.2985 0.9480 0.9484 Canadian dollar 1.3302 1.3320 0.9724 0.9729 Euro 2.1300 2.1323 1.5570 1.5573 NZ dollar 1.0333 1.0347 0.7553 0.7557 Sterlini ind 2.6832 2.6860 1.9614 1.9617 US dollar 1.3680 1.3692
      154 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      373 23 jun w I EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.195 96.815 96.495 96.310 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES Jun08 99.155 99.160 Sep08 99.075 99.075 Dec08 98.905 98.960 Mar09 98.725 98.805B Jun09 98.695 98.695 Sep09 Dec09 Mar10 99.155 99.035A 98.880A 98.710A 98.610A 98.545A
      373 words
    • Article
      Lock icon SICOM FUTURES
      290 23 Jun 10 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 Apr/Jun 09 442.00 438.00 433.25 429.25 430.25 432.00 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      290 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 23 A. s 9am jumo Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2900 1.3050 Can dollar 1.3300 1.3450 Euro 2.1200 2.1430 NZ dollar 1.0280 1.0500 Sterlini 2.6850 2.7131 US dollar 1.3610 1.3760 Local dollars to 100 units of foreign currency: Currencies
      127 words
    • Article
      Lock icon INTERBANK RATES
      158 23 jun 10 Overnight 1/4 1 -month 1 1/8 2-months 1 1/4 3-months 1 3/8 Overnight mode: 3/8 US$ Offer 1/8 1 1 1/8 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.35 2.65 2.75 2.90 3.10 3.30 3.45
      158 words
    • Article
      Lock icon INTERBANK CROSS RATES
      452 23 j un 10 iuro ren ton •eso Earn toum Australia 0.975 6.566 0.609 7.406 40.697 88.467 1.012 9.726 3.094 1.255 63.624 42.133 1.298 7.499 0.980 28.785 31.262 0.483 0.948 Canada 1.026 6.735 0.625 7.596 41.745 90.746 1.038 9.977 3.174 1.287 65.263 43.218 1.331 7.692 1.005 29.527 32.067
      452 words
    • Article
      Lock icon PRECIOUS METALS
      164 23 j un w Hong Kong Hong Kong 881.00 883.10 882.00 884.10 Jun 09 Jun 06 London 898.70 897.95 899.70 898.95 Source: Reuters (SS) Selling Buying 1 oz 1369.6 1232 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $480.43 394 SILVER Selling Buying (S» Sellini Bu' rini London $480.43
      164 words
    • Article
      Lock icon LONDON METALS
      68 23 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2905.80 2913.20 3 months 2952.00 2957.00 Copper, Grade A (USS/tonne) Cash 3 months 8101.00 8129.00 7980.00 *****.00 Lead (USS/tonne) Cash 1941.00 3 months 1960.00 1932.20 1950.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      82 23 Jun 9 (£/tonne) Close Prev Hii ih/Low Jul 08 1548 1560 1563/1535 Sep 08 1530 1535 1539/1517 Dec 08 1504 1510 1512/1493 Mar 09 1479 1486 1487/1470 COFFEE (USS/tonne) Close Pev High/Low Jul 08 2163 2226 2235/2160 Sep 08 2158 2221 2229/2155 Nov 08 2148 2212 2215/2145 Jan 09
      82 words
    • Article
      Lock icon SIBOR
      76 23 Jun 10 1 mth 2.***** 1.***** 6 mths 1.***** 9 mths 2.***** 12 mths 2.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 3.***** 4yrs 3.***** 5yrs
      76 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 23 Jun w Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****A 11.09.08 1-Year BY*****N 04.05.09 0.83 1.05 0.75 0.72 1.09 1.04 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year
      92 words
    • Article
      Lock icon CHICAGO BOT
      105 23 Jun 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 08 1452.00 1457.50 1481.00 1447.00 Aug 08 1453.75 1457.25 1481.00 1450.00 Sep 08 1450.00 1446.50 1469.00 1445.00 Nov 08 1447.00 1439.50 1463.00 1442.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 08 64.30 64.34 65.35
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 23 CRUDE OIL PRODUCTS jun 9 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 135.53 1.38 WTI (Near Mth) 134.56 -3.72 Dubai (1 -Mth F) 129.42 5.33 Tapis blend 143.2 5.7 Minas 138.75 5.75 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 125.50 170.87 5.73 8.87 USS/barrel
      78 words
    • Article
      Lock icon BONDS & WARRANTS
      1738 23 BONDS WARRANTS rei Zode Company rei lode Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- COOO) Ratio Price ing Left 4249 DBS RB ECW*****8 31.5 4392 DBS SGA ECW*****3 17.5 4488 DBS SGA EPW*****0 36 -8 23 -1 7087 2.5 50 0.1 1600 0.2 2060 0.2
      1,738 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      163 23 K% Trade Stock Index Futures! NVk Why tracle Stock Index Futures with Phillip Futures: ,w I i^K Collect popular blue chips in 1 basket Personalised coaching service available Tracle global stock indices in a single account Regular FREE seminars and market updates f 1 m^_r Convenience of e-trading with 24-hour
      163 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      2621 24 m The Business Times Shipping times ij^^H KPI BJCTJ^jffHnffJPff^fffJßßßß f WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r ij^TZ *Ll Hll^iSnHßEg&^BSEßl^^niM ■■>>>■ ■■>■ TEL:*****588 (14LINES) FAX:*****163 M ■^^^■•^^^l^t^H ij^l^^l WSamS imMWlitt.i \\M IIA/AM HAI INpN Cusroinet Setvi<e/Bookings Dite<l Line (1800) *****200 M A pji I I t,"X^.~l* I I IBWBBmiBSW IWHKHM N^i
      2,621 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      3428 25 RICKMERS-LINIE I I Tjrgn EASTERN CAR LINER. LTD I [ii £J®3S^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com 111 Mm I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I uirc,v rvnnree e«n urn enurmii r USA Service nf WbbKLY bXrnboo oAILINu oUHbUULb Vessel I Voy SIN I ALT I
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  • MOTORING
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      Lock icon Rising number of parallel-import Porsches 'disturbing'
      509 27  -  SAMUEL EE It is not illegal but caveat emptor, says Porsche Asia-Pacific head THE number of parallel-im-ported Porsches here is rising. And the German sportscar company sees this as "disturbing". "It is not a huge problem but it is disturbing because we have customers
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      275 27 THE Eurokars Group will invest an estimated $25 million to rebuild the Porsche and Rolls-Royce showrooms on Leng Kee Road next year. Authorised Porsche distributor Stuttgart Auto's showroom at 29 Leng Kee Road currently can display only four cars. When rebuilt, it would
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      Lock icon Subaru speeds up sales chart
      451 27  -  SAMUEL EE SALES of Subaru are surging ahead steadily, and the once niche Japanese brand with a relatively small model line-up is now in sixth position, displacing previously popular marques like Hyundai and Mazda. Last year, Subaru finished in No. 9 place among members ofthe
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  • EXECUTIVE MONEY
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      Lock icon How about some love for Big Oil?
      719 29  -  CONRAD de AENLLE Despite oil prices going through the roof, supermajors are starting to bring projects on line that have been years in the making WHO says everyone loves a winner? Big diversified oil companies are reporting enormous profits but they are receiving
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      237 29 www.dbFX.com Els the dollar turning? Be in the know and get on the winning side of the market! i^^. IaTTTiTiTTTiTTW^TfnB 1 mm. m^-JAmSMliSmmVUmm^MmSmmmimmm 51 i |«Nl| mttm\ il IS Si PJjflPlfflPfFlß^ Date: 19 June 2008 (Thursday) Time: 7 pm 9 pm Venue: Level 9, STI Auditorium, Capital Tower, 168 Robinson
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  • MANAGING WEALTH
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      Lock icon Hubby handles investments
      1576 30  -  SIOW Ll SEN 'He's much wiser and better than me in this aspect,' Beijing Smart Garments boss Dorothy Sect tells SIOW Ll SEN Blazing a trail in business; loving mum, dedicated wife at home DOROTHY Sect, who in April became the second female winner in the 23-year
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  • EXECUTIVE MONEY
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      Lock icon Portfolio strategy and your adviser
      1423 31  -  BEN FOX A good adviser strikes a balance between making tactical changes and cautioning clients about acting on emotions A REFERRED client recently consulted me regarding his investment portfolio. After the introductions, he quickly settled down and poured out his woes to me. Listening to
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      Lock icon Rising inflation unlikely to derail equity markets or weaken recovery
      637 31  -  ROBERT BUCKLAND IT seems as if every time you fill up your petrol tank or push a shopping trolley down a supermarket aisle, prices are higher than the last time you did it. Indeed, global inflation has been rising for
      637 words
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  • Money
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      Lock icon Frontier markets retain allure
      993 32  -  Sharp volatility and rising worries over inflation aside, outlook stays positive for this subset of emerging markets, reports GENEVIEVE CUA FUNDS investing in frontier markets were and remain a buzzword of sorts among investors and advisers despite sharp volatility and concerns over inflation. Part of the
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      253 32 A private bank unlike any other Results that speak for themselves EFG International has an unbroken record of dynamic growth. How do we do it? Crucially, our success rests on our appeal to quality. We have, we believe, some of the finest private bankers in the business. A nurturing, business
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