The Business Times, 18 June 2008

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Microfilm: NL29386
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 mS* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday, June 18,2008
    25 words
  • Article, Illustration
    Lock icon Jetstar sisters fly the nest and go their separate ways
    720 1  -  YEN SREENIVASAN By [SINGAPORE] In what some industry insiders might interpret as a case of sibling rivalry, Singapore-based Jetstar Asia and its much bigger Melbourne-based sister Jetstar Australia have parted ways. The split comes barely a year after the two
    FILE PHOTO  -  720 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 uesi lay lange I COMP 1,227.06 -10.30 IIKKEI225 14,348.37 -6.00 1ANG SENG 23,057.99 +28.30 ;et INDEX 777.17 -10.42 JAKARTA COMP 2,377.97 -20.07 IANILACOMP 2,637.26 +16.50 ;eoulcomp 1,750.71 -10.11 IHENZHEN B 479.46 -25.54 IUMBAI IND 15,696.90 4-301.08 12N00NEDT Cham )OW 12,195.32 -73.76 IASDAQ 2,468.39 -6.39
      45 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.482 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.78 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.368 (US$/S$ per 1.967 2.690 ilJRO (USS/SS/E) 1.551 2.122 'EN 107.80 78.80 3.250 2.376 IK$ 7.809 5.710 !AHT 33.16 24.25 lUPIAH 9,313 6,810 lENMINBI 6.892 5.039 INDIAN RUPEE 42.87 31.34 1.062 0.776 IZ$ 1.322 0.967
      40 words
  • Article, Illustration
    Lock icon Rising construction costs put squeeze on builders
    850 1  -  ARTHUR SIM Some manage to factor into contracts the higher risks of price fluctuations [SINGAPORE] Construction costs have risen across the board by at least about 13 per cent in Singapore in the six months to end-March. And for the residential/ condominium segment,
    : Rider Levett Bncknall  -  850 words
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      1 1 8"*****l"*****4'
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      60 1 IBs??/ Iff b^ ===:'^^fe^P^r^^^^^B :;;^w i DRIVEN BY A SHARED PASSION TO RAISE THE BAR IN ULTIMATE LIVING. SC GLOBAL IS THE EVENT TITLE SPONSOR FOR THE "PORSCHE SC GLOBAL CARRERA CUP ASIA SINGAPORE 2008" AN OFFICIAL SUPPORT RACE AT THE 2008 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX. SC GLOBAL
      60 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      51 1 EXECUTIVE MONEY S'POREARTS J} MOTORING BE INSPIRED —I Fight inflation with FESTIVAL A i fei SUV sales hit by Zap for daily inspiration, absolute return funds Chaos in the classroom f% gky higher pump prices Win a pair of Zegna HM PAGE 30 PAGE 12 Itafe^SSa PAGE 19 Sunglasses! PAGE
      51 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore May exports surprise with 10.5% fall
      562 2  -  CHUANG PECK MING Some economists think slide could be sign that consumer demand is softening [SINGAPORE] Both engines that drive Singapore's non-oil domestic exports (NODX) failed to work last month, leading to a surprise 10.5 per cent year-on-year plunge in shipments the sharpest
      : IE Singapore  -  562 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon New infocomm initiatives announced
        43 2 WITH Singapore's infocomm sector growing by 13.8 per cent to 5551.68 billion last year, the government yesterday announced a number of initiatives which will help small and medium-sized businesses to take advantage of infocomm technology. TOP STORIES, PAGE 4
        43 words
      • Article
        Lock icon Mencast offers 22.5m new shares
        47 2 MENCAST Holdings, a local manufacturer and supplier of sterngear equipment and provider of sterngear services, yesterday launched an initial public offering of 22.5 million new shares at 28 cents each for a listing on the SGX's Catalist board. COMPANY NEWS, PAGE 5
        47 words
      • Article
        Lock icon Is bullishness on SingTel warranted?
        53 2 AFTER SingTel's Indian partner Bharti Airtel walked away from merger talks with South Africa's MTN, it is now looking elsewhere for growth. It is understood to be mulling an investment in China Telecom. Investors remain bullish on the stock. That might not be warranted. COMPANY
        53 words
      • Article
        Lock icon URA plot facing Bedok Reservoir up for sale
        48 2 A 99-YEAR leasehold condo plot at Tampines Ave 1/10 fronting Bedok Reservoir, launched yesterday by the URA, is likely to draw modest bids ranging from $200 to $300 per sq ft of potential gross floor area. SINGAPORE NEWS, PAGE 10
        48 words
      • Article
        Lock icon Fed unlikely to raise rates next week, say reports
        42 2 THE US Federal Reserve does not appear to see a compelling case for raising interest rates before autumn unless the inflation outlook deteriorates considerably, the Wall Street Journal said. ECONOMY WATCH, PAGE 11
        42 words
      • Article
        Lock icon Tenaga faces RM332m suit
        41 2 TENAGA Nasional is facing a RM332 million (Ssl4o million) suit from two shareholders of an independent power producer for allegedly failing to abide by the terms of arbitration brokered by the government in 2004. M'SIA/INDONESIA, PAGE 13
        41 words
      • Article
        Lock icon US, China to talk about energy, climate
        41 2 US TREASURY Secretary Henry Paulson's semi-annual talks with Chinese officials will focus on energy and the environment as a rising yuan eases the exchange rate tensions that marred past meetings. GREATER CHINA, PAGE 14
        41 words
      • Article
        Lock icon Fate of nuclear pact hangs on talks with allies
        42 2 THE future of a key nuclear energy pact between New Delhi and Washington appeared even more bleak yesterday with the Indian government apparently failing to win over sceptical left-wing allies. INDIA, PAGE 15
        42 words
      • Article
        Lock icon US CEOs' 2007 pay rise 3% despite gloom
        81 2 AS the US economy slowed to a crawl and stockholders watched their money evaporate, pay for CEOs at American companies still chugged to yet more dizzying heights last year, an Associated Press analysis shows. The AP review of compensation for the heads
        81 words
      • Article
        Lock icon Goldman Sachs Q2 profit beats Wall St expectations
        48 2 GOLDMAN Sachs Group yesterday reported that higher fees from asset management and stock underwriting pushed second-quarter profits well above Wall Street's lowered expectations. It reported a profit of US$2.O5 billion, compared to U552.29 billion a year earlier. ASIA-PAC/WORLD, PAGE 17
        48 words
      • Article
        Lock icon Rating agencies to face EU legislation
        38 2 CREDIT rating agencies will face mandatory new European Union regulation, EU Internal Market Commissioner Charlie McCreevy said on Monday, following criticism of their role in the US sub-prime crisis. ASIA-PAC/WORLD, PAGE 18
        38 words
    • Article, Illustration
      Lock icon New gantries to beat congestion in city centre, ERP rate structure revised
      466 2  -  SAMUEL EE By [SINGAPORE] Five new ERP gantries and increases in electronic road pricing rates from July 7 are aimed at easing congestion in the city centre. The new gantries will run along the Singapore River from Clemenceau
      466 words
    • Article, Illustration
      Lock icon Oil eases in Asia after pushing US$140 in West
      678 2 -AP.AFP [KUALA LUMPUR/ LONDON] Oil prices eased in Asia yesterday after hitting a record of nearly US$l4O a barrel in the previous volatile session, but traders said prices may climb again amid persistent supply concerns and strong demand. Late afternoon in
      -AP.AFP; AFP  -  678 words
    • Article
      Lock icon KL renews gas supply deal with S'pore
      465 2  -  RONNIE LIM By [SINGAPORE] Malaysia has renewed a 15-year natural gas supply agreement with Singapore for "up to" a further 10 years from last month. The news emerged in the latest annual report of Malaysian national oil company Petronas, with company president and
      465 words
    • Article, Illustration
      Lock icon New infocomm initiatives unveiled
      734 4  -  AMIT ROY CHOUDHURY Robust growth, led by exports, propelled industry t0551.68bin2007 [SINGAPORE] With Singapore's infocomm sector growing by 13.8 per cent to 5551.68 billion last year, the government yesterday announced a number of new initiatives which will help, among others, small and medium-sized businesses (SMBs) to
      734 words
    • Article, Illustration
      Lock icon Producer prices soar, housing starts dip
      618 4 j.— Reuters, AP LATEST US DATA [WASHINGTON] Government data showed yesterday that US producer prices rose by a larger-than-ex-pected 1.4 per cent in May after another jump in energy prices, but core inflation at the producer level moderated as forecast. The dollar slipped and
      — j.— – Reuters, AP; AFP  -  618 words
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      191 3 kjF' >'' IP^^^ ■Ei rmi raraflSHMH Dreams. Realities. o I 03 O The tower cranes are still. The drills are At Citi, we work around the world and around silent. And for a weary group of Guangzhou the clock, providing our clients with innovative 1 construction workers, the long work
      191 words
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      2242 4 SIT GIAP COMPANY IN THE MATTER OF THE TO THF MATTRR r>E THF I ...■,..-...-n—n I IN THE MATTER OF IN THE MATTER OF f^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^~ (PmVATEHIMi™ PETRO^rATs'o^Ss^fIMITED cSiSiEcsS™ THE CO^AnTsAC^CAP 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 ,N THE MATTER OF (Registration No, 19 *****01 C)
      2,242 words
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  • COMPANY NEWS
    • Article
      Lock icon Inflation's silver lining for local banks
      704 5  -  SIOW LI SEN LOCAL banks have lately not had much good news. Inflationary pressures at home threaten to undo the benefits of a still growing economy as consumers cut back on spending. In the region, political risks have risen considerably as people battle hunger
      704 words
    • Article, Illustration
      Lock icon Mencast offers 22.5m new shares
      450 5  -  JOYCE HOOI Sterngear firm prices IPO at 28 cents a share MENCAST Holdings, a local manufacturer and supplier of sterngear equipment and provider of sterngear services, yesterday launched an initial public offering of 22.5 million new shares at 28 cents each for a listing on
      i FILE PHOTO  -  450 words
    • Article
      Lock icon K1 sells 2.38m shares in US oil company
      128 5 Xl VENTURES yesterday announced that it has sold about 2.38 million shares in McMoßan Exploration Company a US oil and natural gas exploration company for US$7O.l million pre-tax. While Xl an investment holding company did not specify how much the shares cost,
      128 words
    • Article
      Lock icon FirstLink in settlement deal with Asiacorp, Green Salt
      408 7  -  VINCENT WEE Company to have direct 27.82% stake in Qinghai salt-mining firm FIRSTLINK Investments Corp, formerly known as Singatronics, has entered into a settlement deed with Asiacorp Development and Green Salt Group to amicably resolve all claims and disputes, First Link said
      408 words
    • Article
      Lock icon ecoWise set to join renewable energy wave
      471 7  -  JAMIE LEE By ECOWISE Holdings said it expects to acquire or set up joint ventures with regional crop producers and owners over the next one year to generate biomass fuel, as the waste recycler diversifies into the renewable energy business. EcoWise, which specialises
      471 words
    • Article, Illustration
      Lock icon China Taisan trebles Q1 net profit
      475 7  -  OH BOON PING By KNITTED fabric maker China Taisan Technology Group Holdings, which was listed on the Singapore Exchange (SGX) mainboard earlier this month, has reported a near trebling in net profit to 64.5 million yuan (5512.9 million) for the first quarter ended March
      NEOH KEE LENG/UANHEZAOBAO  -  475 words
    • Article, Illustration
      Lock icon SingTel in talks with Chinese telcos
      405 8 Reuters Restructure of Chinese telecom market opens doors to foreign investors SINGTEL, South-east Asia's largest telco, is in talks with operators in China about investing in the world's biggest telecoms market, which is being overhauled and opened to foreign investors. "It's a market we
      – Reuters; BLOOMBERG FILE PHOTO  -  405 words
    • Article
      Lock icon Is bullishness on SingTel warranted?
      386 8  -  UNA GALANI in London P breaking .com By SINGAPORE Telecom is in the spotlight. After its Indian partner Bharti Airtel, in which it owns a 30 per cent stake, walked away from high-profile merger talks with South Africa's MTN, Sing Tel is now looking elsewhere
      386 words
    • Article
      Lock icon iOCBC online trading system runs into hitch
      290 8  -  CHOW PENN NEE Investors complain of 'internal server error' on platform INVESTORS who use the OCBC Securities website iOCBC to trade online have complained that the system is unreliable. Users have aired their grouses on online forums, claiming they have been unable to
      290 words
    • Article
      Lock icon SingPower launches A$2.8b refinancing
      292 8 Reuters [SYDNEY] Singapore Power has launched a three-year As2.B biUion (553.6 billion) refinancing to partly cover a A 56.2 billion bridging loan it got last year to pay for the acquisition of Australian utility Alinta, sources said. Mandated lead arrangers and bookrunners on the deal are
      – Reuters  -  292 words
    • COMPANY BRIEFS
      • Article
        Lock icon OKP wins two LTA contracts worth $8.5m
        64 8 INFRASTRUCTURE and civil engineering firm OKP Holdings has secured two contracts totalling SsB.s million from the Land Transport Authority (LTA), for road upgrading and improvement works in the Central Area as well as the building of an overhead pedestrian bridge across the Tampines
        64 words
      • Article
        Lock icon Creditors withdraw demand letters: Fu Yu
        79 8 FU YU Corporation said its creditors Citibank Singapore, Citibank (China), DBS Bank, Standard Chartered Bank Shenzhen and Standard Chartered Bank have all withdrawn their letters of demand dated Oct 1, 2007 against the company on Monday. Fu Yu said it has repaid all debts
        79 words
      • Article
        Lock icon EMS buys 60% of Oilfield Services
        63 8 EMS Energy, through its subsidiary EMS Offshore Pte Ltd, is buying 60 per cent of Oilfield Services and Supplies Pte Ltd from OngSeeKongforSsl3.7B million. This is instead of the intended purchase of a 100 per cent stake agreed earlier. The first Ss3 million will
        63 words
      • Article
        Lock icon Pacific Healthcare disposes of stakes
        65 8 PACIFIC Healthcare Holdings has disposed of its entire 40 per cent stake in Pacific Hospital Consultants Pte Ltd for *****,101 as part of its move to streamline its business and organisation. It has also sold a 25 per cent stake in Pacific Eldercare and Nursing
        65 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Has the US$ really turned around?
      931 6  -  LARRY WEE CURRENCIES The available evidence is not all that impressive for us at this point OVER the past week, we saw an attempted US dollar comeback that took it up to one- and four-month highs in Singapore dollar and Japanese yen terms, and
      931 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 4 7 5 0 0 0 4 7 5 Manufacturing 50 56 52 10 12 56 66 64 Commerce 22 14 20 25 20 25 )t/Stor/Comms 17 13 18 14 Finance 19 19
      96 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 15,885 15,885 89,341 89,341 Manufacturing 248,456 75,055 323,511 203,706 5,437 209,143 Commerce 25,603 72,576 98,179 46,550 27,625 74,176 Tpt/Stor/Comms 98,557 3,052 101,609 266,824 1,133 267,956 Finance 25,112 25,112 235,117 235,117 Construction 38,966 35,644 74,610 13,380
      122 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Cham CapitaLand 5.720 -0.180 CapitaMall 3.120 -0.010 CityDev 10.300 -0.220 Cosco Corp 3.350 DBS Grp 19.420 -0.020 F&N 4.590 -0.020 Gentlntl 0.600 +0.010 HK Land 4.210 -0.040 JSH 17.900 -0.100 JardineC&C 16.760 -0.040 Keppel Corp 11.600 +0.020 Keppel Land 5.140 -0.020 NOL 3.420
      112 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 6 Jun 17 VALUE CLOSE -991.00+59.00 BT OB/OS BT CADI -*****.00 -17.00 BT 10-day MA -*****.00 -99.00 FTSE ST Mid Cap 750.30 +3.70 FTSE ST Small Cap 638.95 -0.21 FTSE ST All Share 768.84 -0.83 FTSE ST China 438.25 +1.36 UOB Catalist 145.61 +0.29 SIMSCI 371.44 -0.36 SIMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Chasen 74,201,000 Ocean us 71,043,000 Golden Aqri 65,710,000 China Honqxinq 48,542,000 Vashion 37,413,000 ChinaESave 28,949,000 SingTel 28,683,000 Amplefield 26,348,000 SinoConst 23,965,000 Gent Intl 22,068,000 VALUE(S) SingTel 106,254,590 CapitaLand 105,094,820 DBS Grp 73,018,420 SGX 70,871,870 Golden Agri 60,304,090 HKLand 57,035,092 Keppel Corp 56,639,320 Cosco Corp 46,989,940 Wilmar
      54 words
    • Article
      Lock icon RISES
      109 6 CLOSE UP 8728 166.8 1.4 GLD 10US JMH 3038 51.9 1.3 India Ni 10 1490 23.0 China H 10US 1630 17.8 0.: IndoAi 257 15.0 6.2 STXPOKW100 278 14.0 5.3 ISMSCI India 100 678 12.3 1.3 DBS Bk6% NCPS 10 ***** 10.0 0.1 S I A 1506 10.0 0.7
      109 words
    • Article
      Lock icon FALLS
      112 6 CLOSE DOWN Cifr 1030 -22.0 -2.1 Cai i Land 572 -18.0 -3.1 NOL 342 -16.0 -4.5 Deloi 315 -15.0 -4.! Creative Tech 666 -14.0 -2.1 JSH 1790 -13.7 -0.6 SGX 734 -13.0 -1.7 Cai ilanMBLiCW***** 169 -12.0 -6.i STXPORBeCW/*****8 14.5 -11.5 -44.2 Kej MBLJCW*****0 361 -10.0 -2.7 SPH MBL
      112 words
    • Article
      Lock icon CURRENCIES
      83 6 Wh lere S! stands Jun 17 %CHNG CLOSE FRJun16 YR2008 S$ LOW S$ HIGH uss 1.3688 0.43 1.4542 1.3457 Euro 2.1196 0.08 2.2064 2.0474 Pounds 2.6815 0.47 2.8431 2.6568 AS 1.2874 0.36 1.3235 1.2349 Yen* 1.2659 0.27 1.4484 1.2650® Rill liah* 0.***** 0.32 0.***** 0.***** Baht* 4.1229 0.10 4.4299
      83 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      710 6  -  JOYCE HOOI Singapore Exchange June 17 close: 557.34 DMG PARTNERS, June 17 AVERAGE Daily Turnover (ADT) has fallen from the peak of 553.03 billion in October 2007 to Ssl.Bo billion in May 2008 and 551.54 billion for the first two weeks of June 2008. The ADT reduction can
      710 words
    • Article, Illustration
      Lock icon Market loses steam after Monday rally
      536 6  -  CONRAD TAN STOCKS STOCKS here ended lower yesterday, after a rally led by blue chips on Monday quickly lost steam. The Straits Times Index ended 8.68 points or 0.3 per cent lower at 3,028.24, after falling as much as one per cent earlier in
      536 words
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      148 7 j;;-. V 1 I^l^^^ <'■ St.. ■-■"r~^^F^^^s THE FUTURE HAS BEEN INVENTED. AND IT IS PERFECT. Meet Jaguar's new face. Driven by a new design language as bold as it is exhilarating, the sporty silhouette of the new XF is augmented by futuristic technology and groundbreaking engineering. Within the sleek
      148 words
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      Lock icon Page 8 Advertisements Column 1
      209 8 I LAND PARCEL FOR RESIDENTIAL DEVELOPMENT AT I I TAMPINES AVENUE 1/AVENUE 10 I I? Bodok {lfcmplnei)Ka Located within established residential estate Fronting the scenic Bedok Reservoir, residents will enjoy a panoramic view of the lake Situated at a short distance from the Tampines MRT station and easily accessible from
      209 words
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      Lock icon Page 8 Advertisements Column 2
      131 8 ZAP Ml 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: 1) Download Color
      131 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Govt to jumpstart National Grid project
      573 9  -  ONG BOON KIAT imbX 2008 Public sector expected to buy 40% capacity of 3 service providers, says IDA official GOVERNMENT agencies are expected to buy 40 per cent of the capacity of three upcoming pay-per-use grid services, providing an early boost to the budding
      573 words
    • Article
      Lock icon Govt to boost e-commerce security
      343 9  -  WINSTON CHAI By INSTEAD of using multiple pager- like tokens to log on to different Internet banking sites, a new government initiative could lead to the launch of a single, nationwide security standard for all online transactions. With the growing adoption of electronic commerce among
      343 words
    • Article
      Lock icon Nokia in trials to enhance S'pore's WiFi service
      432 9  -  AMIT ROY CHOUDHURY Free end-user trial starts with improvements to Wireless@SG service FINNISH phone major Nokia announced yesterday that it will lend a hand in enhancing Singapore's award-winning public WiFi network Wireless@SG. Speaking at the Nokia Connections 2008 event, Grant Mcßeath, Nokia
      432 words
    • Article, Illustration
      Lock icon URA plot facing Bedok Reservoir up for sale
      544 10  -  KALPANA RASHIWALA Fairly good response seen with modest bids ranging from $200-$3OO ppr A 99-YEAR leasehold condo plot at Tampines Aye 1/10 fronting Bedok Reservoir, launched yesterday by the Urban Redevelopment Authority, is likely to draw modest bids ranging from $200 to
      544 words
    • Article
      Lock icon S Korea's Woori sets up banking centre in S'pore
      290 10 WOORI Investment and Securities Asia, part of South Korea's Woori Financial Group, has opened an investment banking centre in Singapore to help expand its business here. At a briefing, chief executive Park Jong Soo said that the firm derives 5 per
      290 words
    • Article
      Lock icon US graduate students kick off research stint with S'pore unis
      285 10 FIFTEEN graduate students from the United States embarked on a research attachment stint with local universities when the East Asia and Pacific Summer Institutes (EAPSI) programme kicked off here yesterday. The programme, started by the US National Science Foundation (NSF)
      285 words
    • Article
      Lock icon SAF, NTU in tie-up to offer master's degree programme
      212 10 THE Singapore Armed Forces (SAF) said yesterday that it will offer master's degree programmes to servicemen and women in the SAF under a new memorandum of understanding signed with the Nanyang Technological University (NTU). The tie-up aims to promote continuing education
      212 words
    • Article, Illustration
      Lock icon S'pore, UK set up $6m joint research fund
      331 10 A*Star, MRC will support projects on infectious diseases SINGAPORE and the UK have established a $6 million fund for joint research collaboration as the two countries strengthen their partnership in science and technology. The setting up of the fund was announced by
      FILE PHOTO  -  331 words
    • Article, Illustration
      Lock icon GETTING A SMART NEW LOOK
      144 10  -  ARTHUR LEE By SINGAPORE'S best-known shirt maker was the tailor of choice when Standard Chartered Bank decided to give 150 tellers and branch service managers a new look. CYC, set up 73 years ago, was chosen for the quality of its tailoring and materials that
      ARTHUR LEE  -  144 words
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      78 10 singapDre (_/aooß Tune 20 th July 20 th A unique opportunity to discover Italian jewels and producers June 20 th-21 st at Regent Hotel Boardroom 1 Cuscaden Road, Singapore 10 am 3 pm: Workshop for Italian and Singaporean professionals 3pm-6pm: Display and sale to the public Italian gifts from Italy
      78 words
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      71 10 Head to CATS FASTADS in The New Paper for beauty haircare services! >^ KAT3 BUY IT- SELL IT- FIND IT I Air Astana the National Carrier of Kazakhstan offers flights from To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing
      71 words
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      1 10 I
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  • ECONOMY WATCH
    • Article
      Lock icon Fed unlikely to raise rates next week, say reports
      494 11 Reuters Market expectations for a hike in August may be too aggressive, they say [TOKYO] The US Federal Reserve does not appear to see a compelling case for raising interest rates before autumn unless the inflation outlook deteriorates considerably, the Wall
      – Reuters  -  494 words
    • Article, Illustration
      Lock icon Eurozone inflation hits record 3.7% in May
      302 11 -AFP [BRUSSELS] Inflation in the 15 euro countries hit a new record in May of 3.7 per cent amid soaring oil and food prices, according to the European Union's Eurostat data agency on Monday. The rate, revised up from a first estimate of
      -AFP; FILE PHOTO  -  302 words
    • Article
      Lock icon Fed official says risks to US growth 'diminished'
      203 11 Bloomberg [NEW YORK] Richmond Federal Reserve Bank president Jeffrey Lacker said downside risks to growth have "diminished" and reversing previous interest rate cuts makes "eminent sense" as the economy recovers. While the danger of a more rapid slowing in growth "has not
      – Bloomberg  -  203 words
    • Article
      Lock icon Japan's April service demand rises
      220 11 Bloomberg But govt warns that recovery pausing as recession fears grow [TOKYO] Japan's demand for services rose in April, gains that economists say are too small to prop up the nation's faltering economy. The tertiary index, a gauge of money households and businesses spend on
      Bloomberg  -  220 words
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      91 11 I |Mn^^^^ I M?k A^k Refinement It VtH The future of luxury P9 sAzA 1 fl ':".4 ".j" > M ■p%i. I Perfection VT\ The art of technology j^L :\I —^^la^l'- 1 I M BORNEO MOTORS (SINGAPORE) PTE LTD 33 LENGKEE ROAD SINGAPORE *****2. LEXUS SALES TEL: *****288/*****811/*****822/*****833. OPEN MON-SAT:
      91 words
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      40 11 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 bfestansfiekf College 11 Penang Lane (next to Dhoby Ghaut MRT)
      40 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Bosnia's take on British play of the '70s
      658 12 Class Enemy focuses on racial divides via student vandalism, writes BEN MUN ROE THE latest Arts Fest production is a truly cross-cultural phenomenon: Class Enemy is the Asian premiere of a play from Bosnia Herzegovina translated from a 30-year-old English text. Staged
      658 words
    • Article, Illustration
      Lock icon An exploration of universal themes
      429 12  -  UMA SHANKARI By DANCE Theatre ON's Ah Q is inspired by a Chinese novella The True Story of Ah Q by Lv Xun but it does not seek to replicate the book. Lv Xun's original tale chronicles the story of a lowly peasant who wants
      429 words
  • Page 12 Advertisements
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      20 12 Local information, Local Content. lookina roMnesfna y a D Uore looking for in Singapore. rpHn^nn I V* \Jk I IV^.SQ
      20 words
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      70 12 r"~1 ZAP LG&BID Bid price starts from $225 Bidding ends 11.59pm, 22 June 2008 FA neras for grabs! p^^^ i p.x WfoiSm\ \V 11 ES^BV VV Nikon coolpixssso Retail price: I $449 10.0 effective megapixels sxZoom-NIKKORIens ISO 2000 capability NlkOn Smile Mode Blink Warning hOWTOZAP: Download software by SMS-ing the
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      35 12 LJ^\DCC HimDC RACING INFO RESULTS N EMGUSH AND CHINESE) mH 1900-911-0001 Calls at $0,535 ytiin(indusive of GST) ZdW i/ m Callers below 18 years ofage must get parental consent ai^S.^^s... jn WV Singapore Press Holdings
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      67 12 Enjoy up to 40%0ff a s S^ r I i^OCC A ABREAKOIJT PST^I QOllt V M\ OFYOUR [n I Blfc-J ?UT ifl [^T tt-r: P SM:fll tS' W TQ^TISFY \MUI AN v CRAVINC i™f rlJi U^y4! 3 ■:j.M.t. a ,j >iHC igU b:=;i V A wPryWw l^kl If if _w
      67 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Tenaga faces RM332m suit from two firms
      714 13  -  S JAYASANKARAN Companies allege the utility failed to abide by the terms of a 2004 arbitration By in Kuala Lumpur MALAYSIA'S national power utility Tenaga Nasional is facing a RM332 million (Ssl4o million) suit from two shareholders of an independent power producer for
      714 words
    • Article, Illustration
      Lock icon Sime to 'consolidate' after stock slump
      580 13 Bloomberg [KUALA LUMPUR] Sime Darby Bhd, the world's largest palm oil producer, ordered a review of assets to "consolidate and rethink" six months after merging with rival growers. "We have to justify every bit," chairman Musa Hitam said in an interview here, where the
      Bloomberg; BLOOMBERG  -  580 words
    • Article
      Lock icon Petronas bosses accused of 'living like kings'
      245 13 AFP [PENANG] The chief minister of Malaysia's Penang state has accused the bosses of national energy firm Petronas of "living like kings" while the public is forced to pay higher fuel prices. Lim Guan Eng, whose Democratic Action Party seized control of the
      AFP  -  245 words
    • Article
      Lock icon M'sia to probe Anwar's sacking
      315 13 AFP Country's highest court to hear legal challenge to the dismissal [KUALA LUMPUR] The dramatic 1998 sacking of former deputy premier Anwar Ibrahim will be probed after Malaysia's highest court agreed to hear a legal challenge to the dismissal, officials said yesterday. Mr Anwar was
      AFP  -  315 words
    • Article
      Lock icon Indonesia's Parliament passes slamic banking bill
      232 13 Reuters [JAKARTA] Indonesia's Parliament passed a new syariah or Islamic banking bill into law yesterday in a bid to tap the potential of the Islamic finance sector in the world's most populous Muslim nation. The syariah banking law allows foreigners to establish syariah banks
      Reuters  -  232 words
    • Article
      Lock icon BURSA MALAYSIA
      2227 13 lun 17 RM Cooo] ASM Realty 0.60 \bric Bhd 0.16 advance Synergy 0.11 Adventa Bhd 1.20 Ae Multi Hldgs 0.24 Win Holdings 1.99 Ahmad Zaki Resou 0.81 AicCorp 0.52 \irasia Bhd 0.89 Akn Technology 0.44 Alliance Financi 2.88 aluminium Co 1.03 Amalgamated Ind 0.50 Ammb Hldgs Bhd 3.44
      2,227 words
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  • CHINA
    • Article
      Lock icon US, China to talk about energy, climate
      599 14 Bloomberg Stronger yuan shifts focus of Paulson's meeting away from exchange rate [BEIJING] United States Treasury Secretary Henry Paulson's semi-annual talks with Chinese officials will focus on energy and the environment as a rising yuan eases the exchange rate tensions that marred past
      – Bloomberg  -  599 words
    • Article, Illustration
      Lock icon No sign of govt rescue as stocks sink further
      639 14 Reuters [SHANGHAI] When China's stock market sank to a 13-month low in April, regulators mounted a rescue operation which lifted the market 25 per cent in two weeks. But now stocks have gone even lower, and there's no sign of a
      Reuters; REUTERS  -  639 words
    • Article
      Lock icon China inks US$8.3b of contracts with US firms
      495 14 Reuters 35 deals range from manufacturing to telecom sectors [WASHINGTON] US and Chinese companies signed 35 business deals in sectors ranging from automobiles to telecommunications on the eve of high-lev-el trade and investment talks between the two countries. The value of the
      – Reuters  -  495 words
    • Article
      Lock icon China still lags behind US in influence: survey
      397 14 W J_ *J W *J *-l--l-»_1 -AP It has yet to turn economic gains into soft power [SHANGHAI] Despite China's remarkable economic rise, and its efforts to spread its influence in Asia through what is known as "soft power", the country still
      W J_ *J W *J *-l--l-»_1 -AP  -  397 words
    • Article, Illustration
      Lock icon Floods damage fishery, threaten poultry production
      288 14 Bloomberg [BEIJING] Rains and floods in China's southern provinces have damaged the region's fishery and may threaten its poultry production, Shanghai JC Intelligence Co said. Rain swamped some fish farms in provinces including Guangdong and may cause the spread of diseases among poultry, Helen
      – Bloomberg; AFP  -  288 words
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  • INDIA
    • Article
      Lock icon Fate of nuclear pact hangs on talks with allies
      468 15 -AFP New Delhi fails to win over Communist Party in earlier discussions [NEW DELHI] The future of a key nuclear energy pact between New Delhi and Washington appeared even more bleak yesterday with the Indian government apparently failing to win over
      -AFP  -  468 words
    • Article
      Lock icon Reliance increases Saudi crude oil imports
      226 15 Bloomberg [SINGAPORE] Reliance Industries Ltd, India's biggest company, is increasing crude oil imports from Saudi Arabia as it seeks to secure supplies because of rising demand for fuel in India and the rest of Asia. Reliance, based in Mumbai, is boosting purchases by at
      – Bloomberg  -  226 words
    • Article, Illustration
      Lock icon Anil's global ambitions kindles Ambani feud
      380 15 Reuters [NEW DELHI] The feud between India's Ambani brothers, two of the world's richest men, has been rekindled by Anil Ambani's global ambitions and could become as bitter as the one that split their massive business empire in 2005. The spark was Mr Anil
      – Reuters  -  380 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8354 15 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.168/ AIGIF S'pore Bond Fund/ A 1.311/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.99/ APS Alpha Fund (USD) 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9636/ APS Komaba
      8,354 words
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  • FOCUS
    • Article, Illustration
      Lock icon US CEOs' 2007 pay rise 3% despite gloom
      719 16 -AP This while workers face hardship, layoffs, soaring fuel and food prices [NEW YORK] As the US economy slowed to a crawl and stockholders watched their money evaporate, pay for CEOs at American companies still chugged to yet more dizzying heights last
      -AP; REUTERS/AP  -  719 words
    • Article
      Lock icon Europe drags feet over exec pay excesses
      553 16 Reuters [BRUSSELS] "Scandalous", "totally irresponsible", "shocking", "a social scourge". European finance ministers cannot find words harsh enough to describe executive pay packages, stock options and handsome payoffs for failed CEOs. Stories of giant severance payments for top bosses and a tax evasion scandal
      – Reuters  -  553 words
  • Page 16 Advertisements
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      332 16 L^W f^JfflL SPEND THE WEEKEND WITH US Indulge in Chatterbox's Local High Tea from 2pm to spm or Ml chill out with Mezeßar's High Tea selection from 1 2pm to spm. Available only on Saturdays, Sundays and Public Holidays. BufFets priced at $32++ per person. MERITUS MANDARIN SINGAPORE www.mandarin-singapore.com For
      332 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Goldman Sachs Q2 profits beat Wall Street expectations
      676 17 -AP, Bloomberg, Reuters Profits rise on higher fees from stock underwriting and asset management [NEW YORK] Goldman Sachs Group Inc, the world's largest investment bank, yesterday reported higher fees from asset management and stock underwriting pushed second-quarter profits well above Wall Street's
      -AP,; Bloomberg, Reuters; BLOOMBERG  -  676 words
    • Article
      Lock icon Food supply fears mirror oil worries at Saudi summit
      287 17 Reuters [DUBAI] Saudi Arabia's emergency energy meeting next week brings together Western consumer countries threatened by soaring oil prices with Arab producers worried about scarce food supplies. Record oil prices and their impact on the industrialised world will no doubt dominate
      Reuters  -  287 words
    • Article
      Lock icon Vietnam isn't suffering capital flight Deutsche Bank Fund says
      482 17 Bloomberg Credit-rating firms have cut Vietnam's rating outlook [HANOI] Devaluation forecasts for Vietnam's currency have been "overly bearish" as the country isn't experiencing capital flight due to concern over inflation and a widening trade deficit, a Deutsche Bank fund said. Vietnamese
      Bloomberg  -  482 words
    • Article, Illustration
      Lock icon Myanmar cyclone survivors left without shelter
      471 17 Bloomberg [BANGKOK] More than 75 per cent of people needing shelter after Myanmar's cyclone are without tarpaulins for emergency protection six weeks after the storm devastated the southern Irrawaddy River Delta, aid workers said. "There are still people who need a roof over their
      Bloomberg; AP  -  471 words
    • Article
      Lock icon Degree standards being 'sacrificed', says academic
      385 17 Reuters [LONDON] Universities are handing out record numbers of first-class degrees in a "grotesque" attempt to climb league tables and attract lucrative overseas students, a senior academic said yesterday. Geoffrey Alderman, former chairman of the academic standards watchdog at the University of London, raised
      – Reuters  -  385 words
    • Article
      Lock icon Race for hybrid heavy machines heats up as oil rises
      555 17 Reuters [TOKYO] It's not just cars anymore. Bulldozers, frontend loaders and excavators used in building and mining projects are going hybrid amid surging fuel costs, and Japan again seems to be in the lead. Komatsu Ltd, the world's second-biggest maker
      – Reuters  -  555 words
    • Article, Illustration
      Lock icon Rating agencies to face EU legislation
      699 18 Reuters Rules needed for registration, external oversight, internal governance: official [BRUSSELS] Credit rating agencies will face mandatory new European Union regulation, EU Internal Market Commissioner Charlie McCreevy said on Monday, following criticism of their role in the US sub-prime crisis. The new rules would
      – Reuters; BLOOMBERG FILE PHOTO  -  699 words
    • Article
      Lock icon Gulf oil countries becoming a global force
      414 18 ne- I uters [LONDON] The oil-fired economies of the Gulf are an international force to be reckoned with, creating world-class companies and using their windfall profits to diversify away from oil, a top Middle East consultant said. Fear of Gulf sovereign wealth funds
      ne- I uters  -  414 words
    • Article
      Lock icon Banks told to tighten up on risk
      273 18 Reuters [FRANKFURT] The world's top bank regulator urged the industry yesterday to tighten up risk management in the wake of the global credit crisis. The Basel Committee on Banking Supervision said banks needed to increase the understanding of liquidity risk tolerance within their
      – Reuters  -  273 words
    • Article
      Lock icon Ex-Bear Steams officials may face charges
      597 18 Bloomberg [NEW YORK] Two ex-Bear Steams hedge fund managers may be the first to face criminal charges stemming from the sub-prime mortgage crisis that began a year ago with the collapse of two funds that once held a total of US$2O billion. The men,
      – Bloomberg  -  597 words
    • Article
      Lock icon Inflation poses risk to stable economic growth: Asem
      383 18 -AFP [JEJU ISLAND, South Korea] Asian and European finance ministers warned on Monday that surging prices for oil, food and other commodities threaten stable world economic growth. Wrapping up a two-day meeting dominated by the issue, they said in a statement the
      -AFP  -  383 words
    • Article, Illustration
      Lock icon Obama gets Al Gore's endorsement
      542 18 The New York limes Gore says Obama is best candidate to solve America's challenges [DETROIT] Former US vice-presi-dent Al Gore made his debut appearance in the presidential campaign here on Monday evening, offering a vigorous endorsement of Senator Barack Obama and urging Democrats to keep
      – The New York limes; AP  -  542 words
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  • MOTORING
    • Article, Illustration
      Lock icon SUV sales fall on higher pump prices
      661 19  -  SAMUEL EE But bigger, upscale models are less affected than smaller, cheaper brands SALES of sport-utility vehicles have plunged this year because of rising petrol prices but larger premium models seem to be less affected than those from the smaller and cheaper brands.
      661 words
    • Article, Illustration
      Lock icon MF Global S'pore in go-kart sponsorship
      467 19  -  SAMUEL EE Brokerage provides $70,000 to Spore Racing Team A SINGAPORE brokerage firm is spending $70,000 to sponsor a go-kart team which will represent the republic in an Asian championship. MF Global Singapore Pte Ltd's sponsorship of the Singapore Racing Team will see the
      467 words
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  • AVIATION
    • Article
      Lock icon US airlines urge govt curbs on oil speculation
      568 20 Reuters They tell Senate hearing that 2008 may be the worst year financially [WASHlNGTON] US airlines, battered by skyrocketing fuel prices, are expected to call for urgent congressional action to stem what they believe is excessive speculative trading in oil markets. The
      – Reuters  -  568 words
    • Article, Illustration
      Lock icon Silverjet stops search for funding after failed takeover offer
      542 20 Bloomberg [LONDON] Silverjet pic, the last business class-only airline to fly between London and the United States, gave up its search for additional investment after a takeover offer fell through last week. "It is with great sadness that we have decided
      Bloomberg; REUTERS  -  542 words
    • Article
      Lock icon German airlines to buy 914 planes by 2026
      240 20 —J Bloomberg [FRANKFURT] Airbus SAS, the world's biggest maker of commercial planes, forecast that German airlines will buy 914 new aircraft by 2026 worth a combined US$lO9 billion as air travel increases and carriers modernise their fleets. Germany's aircraft fleet will probably
      ± —J , – Bloomberg  -  240 words
    • Article
      Lock icon China to merge two state aircraft makers
      219 20 Reuters [SHANGHAI] China will merge its two state aircraft makers to create an industry conglomerate, state media said yesterday, as it moves to pool resources to build large aircraft. The merger of AVIC I and AVIC II has obtained regulatory approval and the
      Reuters  -  219 words
    • Article
      Lock icon Six Chinese airlines to fly to Taiwan
      255 20 b -M--B. J- J- -M- A. i_J -AFP [SHANGHAI] Six Chinese airlines have been given the right to operate regular direct flights to Taiwan for the first time since 1949, China said yesterday, days after the rivals agreed to allow the service. Under
      b -M--B. J- -■. J- -■. -M- A. i_J -AFP  -  255 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2525 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI Air India (AIC), A Finnan Oy (FIN), AZ Alitalia Airlines (AZA) Airways Pnblic Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlin J: Bouraq Airlines (BOU) E sways I Corpn (EVA), CA:
      2,525 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      429 20 CRYPTIC CROSSWORD ACROSS 1 As new settler lam going n —r —i r —i n —i r —i h^ —h—^Hs one way and another to get I H SJ H H IH H 9 Name idiot having gold as W) ca Pital<6> Z______ I 10 Part of the sentence given
      429 words
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  • SHIPPING
    • Article
      Lock icon Don't let fast pace of growth overshadow safety
      857 21  -  DAVID HUGHES STRAIT TALK Classification societies should be proactive in establishing standards in China's new yards By THOSE who have been in the industry for a decade or three may vaguely remember a feeling of curiosity on seeing the first South Korean-built
      857 words
    • Article
      Lock icon TUI CEO on Hapag-Lloyd marketing tour
      334 21 Reuters [HANOVER] TUI chief executive Michael Frenzel is making an Asian tour to market container shipping business Hapag-Lloyd, which the German group has put up for sale, a source familiar with the situation said. Mr Frenzel will meet potential suitors in Singapore, Hong Kong
      Reuters  -  334 words
    • Article
      Lock icon Analysts split as shipping rates continue to plunge
      608 21 3loomberg [LONDON] The cost of shipping dry freight has plummeted in the last week, with differing explanations united by a focus on iron ore and China. Some analysts on Monday suggested that Chinese demand hit a temporary lull after a buying frenzy
      3loomberg  -  608 words
    • Article
      Lock icon Shipping sector faces tougher financing
      374 21 Reuters [OSLO] Shipping companies will increasingly face tougher conditions for financing projects even though the industry is still among the least touched by global economic problems, a senior banker told Reuters on Monday. Harald Serck-Hanssen, appointed to run the shipping and offshore arm at Norway's
      Reuters  -  374 words
    • Article, Illustration
      Lock icon South Korean strike halts trade to the tune of US$5 billion
      359 21 Aft [SEOUL] Export-dependent South Korea said yesterday that a strike by container truck drivers in protest at soaring fuel prices has disrupted international trade worth almost US$5 billion. The stoppage by more than 13,000 drivers, in its fifth day
      Aft; AP  -  359 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        125 21 '000 lun CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.62 0.37 3.35 0
        125 words
      • Article
        Lock icon KLSE
        38 21 '000 lun nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.89 9.00 8.65 3.70 unch unch unch unch unch -0.05 -0.04 unch unch unch 111 505 707 1038 0 0 0
        38 words
      • Article
        Lock icon BANGKOK
        12 21 '00 Precious Ship Regional Cont 22.80 23.00 0.40 -0.40 1276 271
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doit iingamas Cont 43.75 2.15 0.45 0.01 1206 1918
        11 words
      • Article
        Lock icon PHILIPPINES
        22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 32.50 unch unch unch 1.00 unch unch 1015 562 0 0
        22 words
      • Article
        Lock icon TAIPEI
        22 21 Evergreen Marine ...25.60 First Steamship 56.60 Wan Hai Lines 24.50 Yang Ming Marine...22.30 unch -0.40 -0.50 0.20 12 3 2 5
        22 words
      • Article
        Lock icon TOKYO
        39 21 '000 Kawasaki Hvy Ind ..335.00 -5.00 ***** Kawasaki Kisen ....1041.00 13.00 6681 Mitsubishi Hvy 585.00 -3.00 ***** Mitsui Eng&Sbldg...378.00 -7.00 ***** MitsuiOsk Lines ...1486.00 36.00 ***** Nippon Express 509.00 -11.00 3123 Nippon Yusen 995.00 9.00 9348 Source: Reuters
        39 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      23 21 International Ship Classification INTEGRITY SERVICE QUALITY mamnnm r^ Keeping you ISCIasS at tfie forefront '^fe^S of mar'^me safety, k^EHSS security and environmental protection
      23 words
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      Lock icon Page 21 Advertisements Column 2
      267 21 CRITICAL BUNKER RECOVERY REVISION Further to our announcement regarding Critical Bunker Recovery of Feb 2008 the quantum of which was conditional upon bunker prices for IFO 180 (in Colombo) remaining within the range of USDSOI/MT to USD6OO/MT. The cost of IFOIBO has for some time now exceeded the USD6OO/MT level,
      267 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Are stocks and properties an inflation hedge?
      460 22 THE Manpower Ministry's labour market report for the first quarter reveals that employees in manufacturing, transport and administrative jobs saw their real wages shrink, compared with the same period last year. Their pay increases did not quite match the 6.6 per cent inflation
      460 words
    • Article, Illustration
      Lock icon Buffett's heretical idea to protect US industry
      920 22  - Buffett 's heretical idea to protect US industry PAULASAMUELSON He proposes a new system of Import Certificates issued to would-be US exporters I ARREN Buffett, the "Oracle from Omaha", is an American icon. Buffett is that rare exception who made his own fortune as a superlative investor over more than
      BLOOMBERG  -  920 words
    • Article, Illustration
      Lock icon Ma has yet to show his acumen in foreign policy
      770 22  -  FRANK CHING THE BOTTOM LINE THE success of the first round of talks between Taiwan and the China mainland is a feather in the cap of President Ma Ying-jeou, who made improved relations with Beijing the central theme of his
      770 words
    • Article, Illustration
      Lock icon Crusader of fair telecom pricing
      965 23  -  SURESH MENON Top EU official gives Europe's mobile firms a deadline to cut text-message and data transmission charges while roaming VIVIANE Reding can be called the consumer's commissioner, without exaggeration. The European Union (EU) Commissioner for Information Society and Media is known for her relentless
      SURESH MENON  -  965 words
    • Article, Illustration
      Lock icon The tarnishing of Wall Street's titans
      875 23  -  SEBASTIAN MALLABY LAT-WP By EVER since J Pierpont Morgan was simultaneously reviled and celebrated a century ago, the titans of banking have enjoyed a special place in the popular imagination. Their economic clout, political influence and sheer wealth have inspired justified awe; the alumni
      LAT-WP; AP  -  875 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7091 24 Transaction date: Jun 17 52-wks Tel |h Low Code Last Sale Vol ('000) Hi i Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hii Coi 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG
      7,091 words
    • Article
      Lock icon SGX XTRANET
      81 24 52-Wk Tel High Low Code Last Sale Vol COOP) Day ill Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** *****
      81 words
    • Article
      Lock icon SGX CATALIST
      1919 24 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 30 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5
      1,919 words
    • Article
      Lock icon CLOB INTERNATIONAL
      218 24 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >am Hii 134.6 60 6000 AVJennings 21.5 4 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A60.5 A8 US20.5 HK234 +0.5 unch
      218 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      31 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JB& ||g< 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. l^^^^^H ';V;JI Internet: Http://www.audemarspiguet.com i^^** II fl^K'^O
      31 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      370 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 16 World Index Preliminan 1027.8 0.2 -9.2 0.0 -11.9 0.5 -7.7 t EAFE Preliminai 975.0 0.3 -13.0 0.4 -13.9 0.9 -9.7 Euro[ Preliminan 1316.0
      370 words
    • Article
      Lock icon PALM OIL
      65 25 Jun 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jul 08 3639 Aug 08 3674 Sep 08 3675 Oct 08 3678 Total o/p: ***** contracts 3626 3678 3626 3635 3685 3633 3645 3694 3639 3645 3697 3645
      65 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 25 Jun 17 STI SIMSCI Jun 371.7 372.4 371.6 Taiwan Jun 314 315.9 315.1 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 Jun 17 Bid Offer 1-month 1.3648 1.3664 2-months 1.3631 1.3648 3-months 1.3612 1.363 6-months 1.3569 1.3587 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Jun 17 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.2871 1.2888 0.9416 0.9418 Canadian dollar 1.3418 1.3439 0.9816 0.9821 Euro 2.1203 2.1228 1.5512 1.5513 NZ dollar 1.0332 1.0357 0.7559 0.7569 Sterlini ind 2.6883 2.6916 1.9667 1.9671 US dollar 1.3669 1.3684
      154 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      374 25 Jun 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep08 Dec08 Mar09 Jun09 96.765 96.430 96.260 96.060 0 0 0 0 ***** ***** 6110 2423 EUROYEN FUTURES Sep08 99.090 99.115 Dec08 98.955 99.000 Mar09 98.845 98.865 Jun09 98.645 98.730B Sep09 Dec09 Mar10 Jun10 99.090 98.955 98.840A
      374 words
    • Article
      Lock icon SICOM FUTURES
      283 25 Jun 17 KUbbbK 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 09 456.50 448.00 445.00 439.25 440.25 442.00 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      283 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 As at 9am Jun 17 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2840 1.2990 Can dollar 1.3310 1.3470 Euro 2.1090 2.1330 NZ dollar 1.0250 1.0470 Sterlini ind 2.6770 2.7071 US dollar 1.3640 1.3790 Local dollars to 100 units of foreign
      130 words
    • Article
      Lock icon INTERBANK RATES
      174 25 Jun 17 Overnight 1/16 1-month 1 2-months 1 1/8 3-months 1 1/4 Overnight mode: 0.03 US$ Offer par 7/8 1 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.35 2.70 2.85 3.05 3.35 3.65 3.88 Offer 2.25 2.60
      174 words
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      Lock icon INTERBANK CROSS RATES
      465 25 Jun n AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.959 6.490 0.607 7.353 40.366 87.701 1.015 9.638 3.060 1.245 62.976 41.647 1.288 7.551 0.979 28.539 31.227 0.479 0.942 Canada 1.043 6.767 0.633 7.667
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      Lock icon PRECIOUS METALS
      137 25 Jun 17 GOLD (USS/oz) Jun 17 Jun 16 Hong Kong London 883.30 unav 884.30 Jun 13 Jun 16 864.55 887.20 865.75 888.00 Source: Reuters CAST BAR e» Jun 17 Buying Sellim Kilobar "41,802.76" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz
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      Lock icon SIBOR
      78 25 Jun 17 (US$) (S$) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 2.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 2.***** 12 mths
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      Lock icon GOVERNMENT SECURITIES
      91 25 Jun 17 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****E 18.09.08 1-Year BY*****N 04.05.09 0.62 0.98 0.55 0.55 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****A
      91 words
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      Lock icon LONDON METALS
      68 25 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2929.00 2900.00 3 months 2975.00 2945.00 Copper, Grade A (USS/tonne) Cash 3 months 8289.00 8100.00 8156.00 7980.00 Lead (USS/tonne) Cash 1792.80 3 months 1811.00 1759.00 1775.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
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      Lock icon CHICAGO BOT
      103 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 08 1534.00 1560.00 1593.00 1525.00 Aug 08 1537.50 1559.75 1587.00 1530.00 Sep 08 1526.00 1540.00 1570.00 1519.00 Nov 08 1523.00 1531.00 1564.00 1511.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 08 65.65 66.19 67.80 65.20 Aug
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      Lock icon LIFFE
      83 25 Jun 16 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1630 1609 1634/1616 Sep 08 1621 1598 1624/1608 Dec 08 1583 1564 1586/1573 Mar 09 1551 1532 1553/1539 COFFEE (USS/tonne) Close Pev High/Low Jul 08 2226 2214 2280/2205 Sep 08 2224 2207 2273/2205 Nov 08 2207 2191 2252/2190 Jan
      83 words
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      Lock icon CRUDE OIL & PRODUCTS
      78 25 CRUDE OIL PRODUCTS Jun 16 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 136.94 1.69 WTI (Near Mth) 133.87 -0.98 Dubai (1 -Mth F) 129.43 -1.41 Tapis blend 141.75 -1.65 Minas 138.15 -1.55 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 125.72 165.20 -1.33 -2.7 USS/barrel
      78 words
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      Lock icon BONDS & WARRANTS
      1198 25 BONDS WARRANTS Tel Code Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left 2878Aztech Systems W*****6 3.5 1 9 1 51 137 6.57 25 4468 Capitaland BNP ECW*****3 7 300 0.3 708 4 3802 Capitaland BNP ECW*****4 3.5 -0.5 619 0.1 731 6 4469
      1,198 words
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      3850 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • executive Money
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      Lock icon Fight inflation with absolute return funds
      1032 30 Commodities is another good hedge, a Schroders product manager tells GENEVIEVE CUA INVESTING in an inflationary backdrop poses a number of tricky questions. Going by conventional wisdom, bonds are not a good place to be, but the jury is still out on equities, where
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      Lock icon Infrastructure theme hots up with Gen A
      591 30  -  GENEVIEVE CUA By EMERGING markets (EM) infrastructure has been trumpeted as a mul-ti-year investment theme among private banks and asset allocators for more than a year now. Recently, the theme got a fresh shot in the arm with Merrill Lynch's report last week,
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      Lock icon Indian firms must raise yields or face stock correction
      890 30  -  ANDY MUKHERJEE MARKUS Rosgen, a Citigroup Inc equity strategist in Hong Kong, has turned the commonly used metric of dividend yield on its head with interesting results. The inverse of dividend yield is, of course, the price of a share divided
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      Lock icon A dose of humility is a good thing
      1297 31  -  ROY VARGHESE Continuing along the path of carefree spending may endanger financial health so it's wise to start preparing for changes ahead IN JULY 2007, the first overt signs of the sub-prime calamity hit global markets unexpectedly. As we reflect on the
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      309 31  -  GENEVIEVE CUA By AIA has launched a series of portfolios designed to give investors a taste of asset allocation and investment advisory by a private bank. The "Private Solutions" series is a set of three in-vestment-linked portfolios managed by AIG Private Bank
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      Lock icon Perils of staying close to home
      687 31  -  MARK HULBERT -NYT By THERE'S no place like home, but staying too close to home can have unintended consequences for investors. Americans tend to put a disproportionate share of their money into shares of companies based in their own states, new research has shown,
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      198 31 Learn how you can master a recession-proof skill that will generate consistent passive income even in a climate of market uncertainty! Join Keong Hee for a FREE 3-hr Forex Educational Workshop this Saturday! How to attack the Forex Market from f various angles, exploiting different profit opportunities How to eliminate
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  • MANAGING WEALTH
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      1600 32  -  SIOW LI SEN Banker Tee Fong Seng firmly believes in devoting time and effort to grow his portfolio, says SIOW LI SEN He learnt the importance of financial education the hard way BEING a banker doesn't mean that one is infallible when it comes to investments. A
      ARTHUR LEE  -  1,600 words
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      194 32 This is the seventh of an eight-part series brought to you by CBRE CB RICHARD ELLIS |^^§s ?^P.. Ip'i !P'l|H ILJH I a <^ >■ vmShmSbtH l~^ 11^>% //^K^"I"I K^/^N 11 IXXI I k*\ A #l"l"l^ c' iarc' sas over two decades of experience and proven track records in I
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