The Business Times, 25 June 2008

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Wednesday, June 25,2008
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  • 780 1  - Get mileage from rising oil prices with savvy bets OH BOON PING Options include upstream raw material plays, oil services stocks, commodity futures By [SINGAPORE] Rising oil prices are straining consumers and economies but for investors prepared to look hard enough, there is a bright side. In a report titled
    : Bloomberg  -  780 words
  • 720 1  -  LEE U-WEN Institutes also launched for water policy research, urban development By [SINGAPORE] Energy prices should not be subsidised and should ideally be set at levels that would encourage people to use energy wisely, said Prime Minister Lee Hsien Loong. Speaking at
    JOYCE FANG/THE STRAITS TIMES  -  720 words
  • Page 1 Advertisements
    • 102 1 Invenit et Fecit invented and made The motto of a contemporary watchmaker building his own history. Chronometre Souverain Built in harmony with the noblest traditions 1 of 18th century marine chronometry. 1.1 H^P Geneva H^Watchmaking Grand Prix Caliber FPJI3O4 in 18k solid gold Platinum case Dial in silver r-arouritu man's
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  • Page 1 Miscellaneous
    • 68 1 EDUCATION COMPANIES US ECONOMY BE INSPIRED I —I Producing engineers M&C selling Millennium |J Consumer confidence Zap for daily inspiration, of tomorrow Seoul Hilton falls to 16-year low WinapairofZegna PAGE 2 PAGE 4 jjj *i^ J PAGE 18 Sunglasses! PAGE 3 Time to buy cheap American blue chips? 1 1
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  • TOP STORIES
    • 605 2  -  LYNN KAN Universities need to help meet demand for knowledgebased grads: panel By [SINGAPORE] Singapore's university sector will see renewed efforts to boost its research and development (R&D) capabilities, in the hopes of producing the new engineer graduate of tomorrow. In its preliminary
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    • 338 2 Key recommendations of the Committee on the Expansion of the University Sector (CEUS) It should emphasise inter-disciplinary learning and application of knowledge to a real-world settings with internships. About 2,000 to 2,500 students will benefit a year with its opening. Entrepreneurship and innovation should be incorporated in its
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    • 167 2 [SINGAPORE] Mrs Lee Kuan Yew suffered another massive haemorrhage yesterday while in hospital, a statement from Minister Mentor Lee Kuan Yew's office said last night. "She is currently critically ill, with guarded prognosis for recovery," the statement said. Mrs Lee, 87, had initially suffered
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    • THREE-MINUTE DIGEST
      • 52 2 EZRA Holdings has further enhanced its fleet capability, announcing yesterday that EOC, its Oslo-listed associate, is not only on track to take delivery of its first floating production storage and offloading vessel but has already landed a US$4OO million three-year charter contract. COMPANY NEWS,
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      • 57 2 MENCAST Holdings, the first sponsor-approved listing on SGX's Catalist board, saw strong support for its initial public offering of 22.5 million new shares at 28 cents each. The invitation shares comprising 21 million units for placement and 1.5 million units for the public was about
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      • 62 2 THE cost of reclaimed used water and desalination has fallen sharply over the past 10 years, thanks to Singapore's vast investments in research. And with the world facing a lack of usable water, the need to develop new solutions has become even more
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      • 40 2 THE tender for a residential site at Woodleigh Close has closed, with the Urban Redevelopment Authority receiving a top bid of $270 per sq ft per plot ratio. SINGAPORE NEWS, PAGE 12
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      • 45 2 A SENIOR trader still being investigated by police after allegedly concealing US$Bl million of losses at Mitsui Oil Asia in Singapore two years ago has been hired by another Japanese oil broking house here. SINGAPORE NEWS, PAGE 12
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      • 47 2 US Federal Reserve chairman Ben Bernanke, by voicing concern about inflation and the slumping US dollar, has fanned investor expectations for an interest rate increase as soon as August. He may regret it. ECONOMY WATCH, PAGE 14
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      • 50 2 HONG KONG is to rethink its urban renewal strategy amid criticisms that it puts the interests of developers ahead of those of residents living in more dilapidated areas and is robbing the city of its unique local character. GREATER CHINA, PAGE 17
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      • 56 2 IN the property world, the momentum appears to be with Asia. Funds designed to buy offices in Tokyo or build homes in China and India are sucking up money from Western investors eager to enter a region so far only grazed by the
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    • 444 2  -  LYNN KAN It'll start by offering 3 disciplines that are vital for growth here By [SINGAPORE] One more publicly funded university added to the three established ones, but how is it to attract its share of bright minds? The solution: A highly
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    • 254 3 -AFP Proposed rules may allow money market funds to invest in short-term debt regardless of ratings [WASHINGTON] The Securities and Exchange Commission (SEC) plans to propose rules that may diminish the traditional weight that credit ratings carry in many markets, The Wall Street
      -AFP  -  254 words
    • MARKETS DIGEST
      • 29 3 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.317 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.91 INDIA 12.25 Source:
        Bloomberg  -  29 words
      • 45 3 uesi lay lange 1COMP 1,200.28 +4.87 IIKKEI225 13,849.56 -7.91 1ANG SENG 22,456.02 -258.94 ;et index 763.75 -5.15 JAKARTA COM P 2,365.38 +2.63 IANILACOMP 2,474.87 -24.51 ;eoulcomp 1,710.84 -4.75 ;henzhen b 483.30 +8.13 IUMBAI IND 14,106.58 -186.74 12N00NEDT Cham )OW 11,862.96 +20.60 IASDAQ 2,386.21 +0.47
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      • 40 3 IS$ (S$ per US$) 1.368 (US$/S$ per 1.968 2.692 :URO (US$/S$/E) 1.557 2.129 'EN 108.00 78.90 3.258 2.382 IK$ 7.808 5.709 !AHT 33.51 24.50 lUPIAH 9,264 6,774 lENMINBI 6.870 5.023 INDIAN RUPEE 42.96 31.41 1.048 0.766 IZ$ 1.321 0.966
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    • 356 3  -  lEFF SEGAL By IF companies can resemble people, Facebook looks like the awkward teen nearing the end of a growth spurt. Last month it blew by competitor MySpace in terms of unique visitors worldwide. But it still makes far less money than News Corp's network. Why?
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  • Page 3 Advertisements
    • 133 3 ZAP LU 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: 1) Download
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    • 120 3 ORCHARD ISCOTTS RESIDENCES SINGAPORE I•• I A GREAT WAY TO LIVE A Welcome to Orchard Scotts Residences, where you'll ?j W experience the very best services and facilities that W V v i only the world's top resorts can offer. A team of professional service providers is available to take
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  • COMPANY NEWS
    • 719 4  -  KALPANA RASHIWALA It will book profit of 155 m from sale of Millennium Seoul Hilton By KWEK Leng Beng's Lon-don-listed hotel arm Millennium Copthorne Hotels (M&C) is selling Millennium Seoul Hilton for about 580 billion Korean won (around ***** million). This will bring a
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    • 756 4  -  R SIVANITHY AFTER falling an average of 15-25 per cent so far in 2008, are global stocks now cheap? For instance, if we express everything in US dollars, the Hang Seng has lost 19 per cent, the STI about 10
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    • 466 7  -  VINCENT WEE EOC's first FPSO vessel contracted to South-east Asian oil company By EZRA Holdings has further enhanced its fleet capability, announcing yesterday that EOC, its Oslo-listed associate, is not only on track to take delivery of its first floating production storage and offloading
      466 words
    • 208 7 JADE Technologies Holdings said yesterday its group president Sam Chong Keen is in West Sumatra, Indonesia to obtain updates and supervise the progress of the company's coal mining project. It said the board wants to assure shareholders that the company has
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    • 712 7 Bloomberg Land prices there have fallen, making it easier to buy [SINGAPORE] Capita Land Ltd, South-east Asia's biggest developer, said that land prices in Vietnam and India have fallen by as much as 15 per cent this year, making it easier to get sites
      – Bloomberg  -  712 words
    • 404 8  -  NISHA RAMCHANDANI Invitation shares oversubscribed when IPO closed on Monday By MENCAST Holdings, the first sponsor-approved listing on Singapore Exchange's Catalist board, saw strong support for its initial public offering (IPO) of 22.5 million new shares at 28 cents each. The invitation shares comprising 21
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    • 357 8  -  CHOW PENN NEE By A FORMER executive director of mainboard-listed Jets Technics International Holdings Limited has sued its chairman and managing director, So Tat Wing, in Hong Kong for alleged breach of a share sale agreement. Mr So was named as the defendant
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    • 576 8 Reuters [HONG KONG] High-profile Asian fund manager Hugh Young admits to feeling a sense of vindication after watching Asian markets lose more than a quarter of their value since last November. While his firm, Aberdeen Asset Management Pic, has one of the region's
      – Reuters  -  576 words
    • COMPANY BRIEFS
      • 79 8 MAPLETREE Logistics Trust (MapletreeLog), which earlier this year deferred a proposed rights issue because of global capital market volatility, yesterday unveiled a proposed 3-for-4 rights issue, at 73 cents a unit, to raise about $606.73 million. The proposed issue, which has received in-principle approval from
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      • 75 8 SAMUDERA Shipping has taken delivery of Sinar Sumba, the first of two container ships with a carrying capacity of 1,740 TEUs from Guangzhou Wenchong, China. The two vessels were purchased last year for US$B3 million. Sinar Sumba is expected to set sail to Hong
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      • 72 8 HOR Kew Corporation has been awarded a contract by the Housing Development Board worth $64.54 million for "building works" at Bukit Merah and "contingency works". The contract is scheduled to commence early next month and expected to be completed in early October 2011. It
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  • Page 4 Advertisements
    • 104 4 Vorsprung durch Technik v H three-time winner. That's TDI® efficiency. I Sfc^t K^nnui P tyw M I \MCr^«B liyj|v a^^ ;jMfPiߧ2^'^:-Y. '^t*^■ 'l---?--^5sH fe I We're proud to celebrate TDI® Power's third victory at the Le Mans 24 Hours. i^f\\\f\\ I Efficiency means getting higher performance for less fuel. Efficiency
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  • Page 5 Advertisements
    • 148 5 is iiSill!!! 3 jjj "tpi B L a 'OS jff Last year, 1 f 997 f lO7 students attended school abroad. And every single one of them needed money from home. If your son or daughter might be joining them, perhaps it's time you had a Gold Conversation. As a
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  • SINGAPORE MARKETS
    • 728 6  -  LARRY WEE CURRENCIES Some potential winners and losers in Sings terms AS the first half of 2008 draws to a close, we find the euro resilient despite awful news out of Germany, oil prices bubbly despite weekend attempts by the Saudis to
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    • 227 6 The week's changes YEAR TO DATE JUNE 24'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 107.90 -0.21 112.05 95.71 SGD 1.3672 -0.12 1.4542 1.3457 IDR 9260 -0.48 9500 9035 THB 33.51 0.93 33.65** 31.00 CNY 6.8699 -0.31 7.2085 6.8680* MYR 3.2545 0.22 3.3120 3.1310 CURRENCY vs
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    • 86 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 8 5 0 0 0 4 8 5 lanufacturing 42 77 51 10 11 46 87 62 Commerce 11 22 20 16 29 26 "pt/Stor/Comms 16 13 11 17 14 ■inance 16 17 instruction 13
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    • 122 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 22,644 22,644 74,105 74,105 lanufacturing 171,271 50,639 221,910 146,740 5,770 152,510 Commerce 54,746 29,163 83,909 87,848 11,764 99,612 ■pt/Stor/Comms 82,450 3,439 85,889 208,757 1,252 210,008 :inance 24,800 6,433 31,233 209,246 1,637 210,883 Construction 25,591 42,617 68,208 6,580 2,621 9,201
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    • 115 6 tod name lose lani lapitaLand 5.750 -0.060 lapitaMall 2.940 -0.050 lityDev 10.480 +0.100 losco Corp 3.210 -0.110 IBS Grp 18.740 -0.180 :&N 4.450 -0.020 ientlntl 0.585 IK Land 4.150 -0.050 ISH 16.360 -0.500 lardineC&C 16.680 -0.320 leppel Corp 11.160 -0.100 leppel Land 5.120 +0.060 IOL 3.150
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    • 806 6  -  LYNETTE KHOO Mobile One June 24 close: 551.94 Macquarie Research, June 24 FIXED broadband market entry likely: We met Mi's CEO for an update. Management sees a stable outlook for both revenue and margins, in contrast to our forecasts that incorporate flat revenue CAGR (2007-10) and 340 basis
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    • 524 6  -  R SIVANITHY STOCKS NETWORK scientists argue that everything is connected to everything else. So a butterfly flapping its wings in Brazil could conceivably set off changes in atmospheric conditions that eventually lead to a tornado in Texas. What relevance has this for the local stock
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    • 4 6 DAILY
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    • 56 6 Jun 24 VALUE CLOSE -679.00+155.0 BT OB/OS BT CADI -*****.00 -127.0 BT 10-day MA -*****.00 -68.00 FTSE ST Mid Cap 730.95 -4.26 FTSE ST Small Cap 629.77 -3.72 FTSE ST All Share 752.15 -4.35 FTSE ST China 432.69 -6.12 UOB Catalist 142.96 -0.35 SIMSCI 363.36 -2.61 SIMSCI
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    • 59 6 VOLUME Magnus 40,625,000 Jade Tech 39,341,000 Epure 22,069,000 Sing Tel 21,045,000 Straits Asia 20,050,000 Ocean us 19,371,000 Noble Grp 18,902,000 Golden Agri 16,877,000 CoscoCorpDßeCWoBo9oB 14,880,000 Chasen 14,875,000 VALUE(S) Sing Tel 77,840,630 DBS Grp 73,789,220 Straits Asia 63,636,865 SGX 54,621,500 Capita Land 46,798,880 Cosco Corp 46,173,120 UOB 46,059,580
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    • 94 6 CLOSE UP ICBC Bk4.5%NCPS 100 ***** 30.0 0.3 ilam 270 11.0 4.2 filmar 520 11.0 2.2 Sembawani 895 10.0 1.1 At 1048 10.0 1.' lobleGri iMBLeCW*****5 51 10.0 24.. itraits Trdi 670 10.0 1. ndoAi 287 9.0 3.2 >BSTransit 225 8.0 3.7 itar Hub 280 7.0 2.' BY PERCENTAGE
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    • 114 6 CLOSE DOWN GLD 10US$ 8790-170.9 -1.4 JMH 2862-150.4 -3.7 JSH 1636 -68.4 -3.0 China H 10US$ 1540 -45.1 -2.1 Jardine C&C 1668 -32.0 -1.9 India Ni 10 1330 -31.0 -2.: Asia Pac Brew 1280 -30.0 -2.3 MBLJCW*****0 326 -27.0 -7.i iBS Gri 1874 -18.0 -1.1 StraitsAsia 317 -18.0 -5.4
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    • 82 6 Jun24 CLOSE CHNG FRJUI123 YR2008 S$ LOW S$ HIGH USS 1.3672 0.03 1.4542 1.3457 Euro 2.1268 -0.14 2.2064 2.0474 Pounds 2.6861 0.08 2.8431 2.6568 AS 1.3039 -0.01 1.3235 1.2349 Yen* 1.2671 0.22 1.4484 1.2641 Rupiah* 0.***** -0.02 0.***** 0.***** Baht* 4.0800 0.30 4.4299 4.0750 Peso* 3.0668
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  • Page 7 Advertisements
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 454 10 Desalination and reclaimed used water costs down due to research By LEE U-WEN THE cost of reclaimed used water and desalination has fallen sharply over the past 10 years, thanks to Singapore's vast investments in research. And with the world facing a lack
      JOHN HENG  -  454 words
    • 457 10  -  CHUANG PECK MING Fostering happiness stems brain drain: happiness guru By IS IT the government's job to make the people happy? Those who demur would argue that happiness is within you, said happiness guru Ed Diener at a luncheon talk yesterday at
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    • 460 10  -  CHUANG PECK MING Projects unveiled cover research and infrastructure By AS THE first Singapore International Water Week kicked off yesterday, several deals were unveiled including one that will fetch an estimated US$2OO million in the next three years for Singapore-based Ay-ser-Technische Corporation
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    • 344 10  -  EMILYN YAP As a city state, it has capacity to make things happen, World Cities Summit told By AS cities re-invent themselves to compete for global talent, Singapore stands a good chance of staying ahead of the competition, the World Cities
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    • 236 10 A "CRAZY IDEA" from a self-con-fessed Don Quixote: That was how Andrew Benedek, inaugural winner of the Lee Kuan Yew Water Prize, described his pioneering work in lowpressure membranes at the first Singapore Water Lecture yesterday. The membranes use less energy
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    • 537 12  -  ARTHUR SIM Top bid from Frasers Centrepoint is $270 per sq ft per plot ratio By THE tender for a residential site at Woodleigh Close has closed, with the Urban Redevelopment Authority (URA) receiving a top bid of $270 per sq ft
      537 words
    • 383 12  -  RONNIE LIM By A SENIOR trader still being investigated by police after allegedly concealing US$Bl million of losses at Mitsui Oil Asia (MOA) in Singapore two years ago has been hired by another Japanese oil broking house here. Naphtha trader Noriyuki Yamazaki is
      383 words
    • 339 12 INVESTMENT bank Lehman Brothers has confirmed that it is hiring Lim Jit Soon, former Citigroup head of stock research, to lead its Singapore equity research team. In a statement, the bank said Mr Lim will take on the newly created role of head of
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    • 439 12  -  CONRAD TAN Outfit will focus on marketing USs2oom Indian property fund By CORDEA Savills, the fund management arm of UK property group Savills, has set up an office here to attract investors from all over the Asia-Pacific. The office will initially focus
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    • SINGAPORE ROUNDUP
      • 61 12 OVER 60 Team Singapore athletes and coaches were honoured at this year's Singapore Sports Awards held yesterday evening. Paddler Gao Ning and swimmer Tao Li were named Sportsman and Sportswoman of the Year respectively. Team of the Year went to the national men's football
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      • 60 12 THE Housing Development Board has received this year's United Nations Public Service Award for its Home Ownership Programme. Of the 12 winners of the award, HDB is the only one from Asia. The award is given to public institutions for creative achievements and contributions
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      • 56 12 ELECTRONIC payments provider NETS has appointed Ajit Kanagasundram, DBS managing director for consumer bank regional technology and operations, as its chairman effective immediately. He replaces former NETS chairman Edmund Koh. Also joining the NETS Board is Davy Wee Choh Hwee, managing director and head of POSB
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    • 543 12  -  CHRISTOPHER LIM Over 74% of shows sold out; 600,000 people attend event By A SUM of $5.3 million doesn't buy as much arts programming as it used to, but it was still enough to get almost 600,000 people to attend the month-long Arts
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  • Page 10 Advertisements
    • 242 10 Size from 7,000 sq.ft. to 42,000 sq.ft. Serene ambience, r rli Walking distance to Tanjong Pagar MRT great corporate image Newly renovated. Fully air-conditioned Just outside CBD **^^A^* Ample and convenient car park lot Immediate occupation .jjBBPiJH«fe»FS— Alex Chua 8288 2211 iSSskm W>L TorinC 7-Coator 1 CI CUV Better Than
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  • Page 11 Advertisements
    • 209 11 ASIA'S LEADING BUSINESS HOTEL 3 year running J O Pan Pacific Singapore is honoured to be voted Asia's Leading Business Hotel by World Travel Awards for the third consecutive year. The recognition reflects our commitment to be the hotel of choice with warmth and personalised care being our hallmarks of
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  • SINGAPORE BUSINESS EVENTS AWARDS
    • 983 13 Growth is broad-based. Attendance, floor space, exhibitors, revenue are up, reports N GUNALAN THE business events industry, especially in Asia-Pacific, remains resilient and robust in the face of worldwide recession fears and high oil prices, according to industry leaders. "Our outlook remains pretty confident and
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    • 219 13 SINGAPORE will host the first Asian Meetings and Events Conference in October alongside the inaugural ITB Asia show a sister event of the world's largest annual travel show held in Berlin. Held under the auspices of US-based global trade association Meeting Professionals International
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    • 179 13 SINGAPORE continued to lead the pack in the annual ranking of top cities for association meetings. The listing by ICCA (International Congress Convention Association) covered over 6,500 events which took place in 2007. Vienna topped the charts again as the most popular city
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  • Page 13 Advertisements

  • ECONOMY WATCH
    • 359 14 Bloomberg [LONDON] The US Federal Reserve runs the risk of creating "bigger fires" if it does not allow some banks to fail, said Myron Scholes, the Nobel Prize winner who was a partner in Long-Term Capital Management. Mr Scholes,
      ■ Bloomberg  -  359 words
    • 623 14 Bloomberg Traders expect rate increase; economists say Fed will keep the rate unchanged [WASHINGTON] US Federal Reserve chairman Ben Bernanke, by voicing concern about inflation and the slumping dollar, has fanned investor expectations for an interest-rate increase as soon as
      ■ Bloomberg  -  623 words
    • 2210 14 Iun24 RM Cooo] A&M Realty 0.60 \bric Bhd 0.14 Advance Synergy 0.10 Adventa Bhd 1.19 AeMuIti Hldgs 0.24 Affin Holdings 1.85 Ahmad Zaki Resou 0.75 AicCorp 0.51 \irasia Bhd 0.79 Akn Technology 0.45 Alliance Financi 2.83 Aluminium Co 1.03 Amalgamated Ind 0.46 \mmb HldgsBhd 3.18 Amtel Holdings 0.63
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  • Page 14 Advertisements
    • 2041 14 rfZ. CMZ HOLDINGS LTD. C CfTJZ Registration No. *****5314R ZL (Incorporated in the Republic of Singapore) ffl ±1 SI ffl (the "Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of CMZ Holdings Ltd. will be held at 168 Robinson Road, Capital Tower,
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  • MALAYSIA/INDONESIA
    • 445 15  -  PAULINE NG In April, a 50% y-o-y jump gave hope, but May sales went down by 5% By in Kuala Lumpur TWO weeks into a fuel slug of between 40 and 60 per cent, fewer cars on the roads are a welcome sight
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    • 253 15 AFP [KUALA LUMPUR] Malaysian media yesterday mounted a boycott of parliament in a row over access to politicians, after arriving to find themselves cordoned off from the lobby. More than 100 journalists, camera crews and photographers said that they would refuse to attend press conferences
      AFP; REUTERS  -  253 words
    • 301 15 Bloomberg [KUALA LUMPUR] Malaysia's inflation may accelerate to a nine-year high amid higher fuel and other costs, though this isn't a "major challenge", Second Finance Minister Nor Mohamed Yakcop said yesterday. "I don't see a major challenge in inflation and interest rates,"
      ■ Bloomberg  -  301 words
    • 224 15 Reuters [JAKARTA] Indonesia plans to lower the tax rate on dividends to 15 per cent from 20 per cent in an effort to improve the investment climate and encourage the development of financial markets, the tax chief said yesterday. The government is keen
      – Reuters  -  224 words
    • 161 15 Xinhua [JAKARTA] Indonesia's telecommunication giants have demanded the government limit the number of new entrants to the industry, citing limited resources and growing investment risk, local press said yesterday. The Indonesian Cellular Telephones Association (ATSI) argued limited frequency allocations and phone numbers
      – Xinhua  -  161 words
  • Page 15 Advertisements
    • 229 15 "Deploying oceanographic instruments in frigid polar water must be done with exact timing. If not, fM IJlih^ you've wasted a long trip. That's why a dependable PBWBHjjI timepiece like Ball watch is so important to scientific experiments in a place that features truly adverse -J&**—^\ meteorological conditions." The watch that
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  • INDIA
    • 547 16 -Reuters Outcome may also decide if India goes for snap poll [NEW DELHI] India's government and its communist allies will meet today over a civilian nuclear deal with the United States, in talks that could decide if the controversial energy pact or the
      -Reuters  -  547 words
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  • GREATER CHINA/INDIA
    • 481 17 AP [MUMBAI] India's Reliance Entertainment and other investors are in talks with Hollywood's Dream Works SKG to raise up to US$2 billion to create a movie venture, two people familiar with negotiations said yesterday. Dream Works, the movie studio founded in
      AP; FILE PHOTO  -  481 words
    • 424 17 Reuters [HONG KONG] With this month's stock market debut of hot-pot chain Little Sheep, brokers such as Cazenove are touting a new theme to investors hungry for a slice of China's consumer boom: Home-grown branded restaurants. But food prices in the world's fastest
      – Reuters  -  424 words
    • 193 17 Reuters [MUMBAI] India's Anil Dhirubhai Ambani Group (ADAG) is looking to bid for mines that will be used to convert coal to liquid fuel, the Mint newspaper reported yesterday, citing an unnamed group official. The group has shortlisted an Australian firm and an American
      – Reuters  -  193 words
    • 520 17  -  JANE MOIR Move comes amid public criticism of its 'pro-developer' redevelopment acts By.J in Hong Kong HONG KONG is to rethink its urban renewal strategy amid criticisms that it puts the interests of developers ahead of those of residents living in more
      520 words
    • 401 17 Reuters [BEIJING] Chinese exporters and importers would prefer to see the yuan move up and down in value rather than stand still at a fixed rate, according to a central bank survey cited in its official newspaper yesterday. The results of the survey, conducted
      – Reuters  -  401 words
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    • 162 17 J^Qfc^^^Q UE^^^^H j^^^^^Kj^EsyA^U Kiclx .back and. relax... ror business or pleasure... LflhHllHflPV^fl fl^fl or your kome away from kome. Uffffi I_U*B I *fii WkJ v —i WB ■^■^■^W* Be at tke centre of everytning... Bi I -■£.-&&"Jr^ p9H9! "^B*^P^^ri irn it W" experience variety nt tor a King. -*~i 11-
      162 words

  • ASIA-PACIFIC/WORLD
    • 525 18 Bloomberg LATEST US DATA Index in June fell to 50.4, more than the 56 forecast by economists [WASHINGTON] Consumer confidence fell more than forecast this month to the lowest level in more than 16 years, raising the risk that Americans will be retrenched
      – Bloomberg  -  525 words
    • 621 18 Reuters [SINGAPORE] In the property world, the momentum appears to be with Asia. Funds designed to buy offices in Tokyo or build homes in China and India are sucking up money from Western investors eager to enter a region so far only grazed
      Reuters; AFP  -  621 words
    • 162 18 Reuters [MOSCOW] Japan's Sumitomo Mitsui Financial Group could take a stake of up to 4 per cent in British bank Barclays, two senior banking sources said on Monday. That would represent a stake worth about US$l.6 billion, bigger than the holding it
      – Reuters  -  162 words
    • 592 18  -  ANTHONY ROWLEY By i in Tokyo JAPAN hopes to bridge the gap between the world's most advanced industrial nations and major emerging economies over accepting responsibility for global warming when it hosts the G8 summit meeting next month, Japanese Foreign Minister
      592 words
    • 339 18  -  LAN CAMPBELL By THE eurozone's economic outlook is getting clearer it looks bleak. Growth is falling and inflation is rising. A recession is possible, perhaps as early as the end of this year. Manufacturing and services output in the eurozone contracted in June, according
      339 words
  • Page 18 Advertisements
    • 1312 18 k£ OFn 1 P. T.Bank Negara Indonesia (Persero) Tbk and Subsidiaries 2007 2006 2007 2006 off" 3.259.229 2.694.635 {j"™""*" 17 Current accounts with Bank Indonesia 17.573.082 15.160.405 }Sffii!~ w, lo imm^ialak ,~j, olß Cunenf accounts with other banks, net OUigatmns due immediately 1.118.333 1.262.916 of allowance for losses of Rp
      1,312 words

  • WORLD
    • 603 19 Reuters Tougher rules and slumping capital markets will drive investment firms [NEW YORK] More Wall Street firms, facing the spectre of tougher regulation and slumping capital markets, will follow the path of Bear Steams and be forced into the arms of
      – Reuters; AFP  -  603 words
    • 471 19 AP Pooled investment bank data to help detect system risks [WASHINGTON] The Federal Reserve and the Securities and Exchange Commission have nearly completed an information-sharing agreement on investment banks meant to detect potential risks to the broader financial system, a government official said
      AP  -  471 words
    • 8285 19 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.145/ AIGIF Spore Bond Fund/ A 1.318/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.97/ APS Alpha Fund (USD) 0.71/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9572/ APS Komaba
      8,285 words

  • AVIATION
    • 495 20  -  YEN SREENIVASAN It is investing US$3O million in expanding its aero engine repair plant here By [SINGAPORE] The global oil shock and credit crunch have had little effect on American financial services, energy and infrastructure giant General Electric (GE), says its vice-chair-man. In
      495 words
    • 696 20 ■IHT It proposes single sky initiative that can cut fuel costs, carbon emissions [BRUSSELS] Faced with congested skies, airport delays and growing carbon emissions from aircraft, the European Union will this week seek to overhaul its aviation management system in a move that could
      ■IHT  -  696 words
    • 608 20 Reuters [CANBERRA] Australia's Qantas Airways Ltd cancelled 35 flights yesterday and was moving critical maintenance tasks overseas as a campaign of strikes by engineers widened to the country's west. Members of the Australian Licensed Aircraft Engineers Association (ALAEA) walked off the job in four
      ■ Reuters; BLOOMBERG  -  608 words
    • 2542 20 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 Airline dn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,542 words
    • 143 20 Bloomberg [DALLAS] UAL Corp's United Airlines, the world's second-largest carrier, will lay off 950 pilots, or about 14 per cent of the total, while shrinking its jet fleet to save on fuel. The first 100 furloughs will begin in September and extend into 2009
      Bloomberg  -  143 words
  • Page 20 Miscellaneous
    • 393 20 CRYPTIC CROSSWORD ACROSS I Young knight and compos- fi 1[21[3 I [4 I [6 I|7l |8 5 Coaches for various levels? |^B j^fl mm Hi 9 Manage to get a number of |HJ drinks into car (9) I^HI MV I^H II Excellent left-winger given _BB BB BB^^JB^ HI BB BB
      393 words

  • SHIPPING
    • 709 21  -  DAVID HUGHES STRAIT TALK By IT NOW looks like more than 800 people died in last Saturday's sinking of the Philippine inter-island ferry Princess of the Stars. There is confusion about the number on board when the ship capsized in heavy seas during Typhoon
      709 words
    • 210 21 Bloomberg [HONG KONG] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard operator, said that it will invest 46 billion won (Ss6o million) in a South Korean shipping venture to buy more oil tankers. The stake in DX Mari- time SA,
      – Bloomberg  -  210 words
    • 317 21  -  VINCENT WEE By [SINGAPORE] The two partners of industrial shipping company Star Shipping have agreed on a new structure, with Singapore-based partner Masterbulk continuing to build its business here while the other partner, Grieg Group, will continue the Star Shipping name while
      317 words
    • 365 21 Bloomberg [PARIS] Rotating strikes at French ports, which have disrupted crude supply for almost three months, have cost the country's refineries as much as 20 million euros (5542.5 million) in additional transport and production costs, a trade group said. "This is
      – Bloomberg  -  365 words
  • Page 21 Advertisements
    • 1199 21 PT BERLIAN LAJU TANKER Tbk MCI Domiciled In Jakarta ("The Company") OilChem Services Company Reg No. *****1183N ANNOUNCEMENT TO ALL SHAREHOLDERS IN RELATION TO THE DIVIDEND PAYMENT Cordially Invites you to The Company wou d !ike to ann ounce to all shareholders of the Company that based on the Resolution
      1,199 words
    • 25 21 m KIRIBATI Registry THe (Registry Shipowners y 10 Anson Road #25-02, International Plaza, Singapore *****3 Tel: +65 6225 0555, Fax: +65 6225 0550, Email: info@kiribaship.com
      25 words

  • EDITORIAL & OPINION
    • 530 22 WHAT a difference a year can make in the currency markets. After being one of Asia's best-performing currencies last year, the Indian rupee has been one of the worst this year. In the year to date, it has already given up about three quarters of
      530 words
    • 1343 22  -  BARRY EICHENGREEN Monetary tightening, currency appreciation and fiscal stimulus are the needs of the hour By THE world economy is poised on a knife edge. The United States may or may not be technically in a recession, but it is undoubtedly
      AFP  -  1,343 words
    • 794 22  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE FORGET the US housing collapse, the "credit crunch" and in isolation higher oil prices. The real economic menace may be resurgent inflation, which is the broad rise of most prices. To understand why,
      The Washington Post Writers Group  -  794 words
    • 1442 23  -  i ROBERT SCHEER LAT-WP Because nobody is guarding against 'the impostures of pretended patriotism' By I HAT should be the most important issue in the US election is one that is rarely, if ever, addressed: Why is US military spending at the highest
      LAT-WP; AFP  -  1,442 words
    • 688 23  -  t DANIEL ALTMAN -NYT By WHAT motivates people to save and spend money, and thus make the global economy grow? As people around the world become richer, they spend their newfound income in vastly different ways. Yet there could still be common factors, and finding
      -NYT  -  688 words

  • Page 23 Advertisements
    • 16 23 Lianhe Zaobao I m -A i Lif^ l f/ fat > i i4M JChangzhoul If or-Spore? I
      16 words
    • 617 23 LOST SHARE CERIIFICATES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 The following share certificate have been reported lost, destroyed or mislaid:- LIM ft LIN (INVESTMENT) PTE. LTD. f 1 HOUSING* NomeolCompany Cernhcote No In the Nomeo( No olShores CoßegNo \*****\38w nFVFI OPMFNT Guocoland United *****08 UmCheeßeng 750 members-voluntary
      617 words

  • SINGAPORE STOCKS
    • 6989 24 Transaction date: Jun 24 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software i I 28 5 8 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30 12 1938 AEI Corp 24.5 6.5 1100 AEM 41 19
      6,989 words
    • 82 24 52-Wk Tel h Low Code Last Sale Vol COOP) Day ill Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
      82 words
    • 1905 24 Hii Low Code Comi Sale C000] Hii Low By Seller Cvr P/E ,mil 22 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 7814 s Albedo
      1,905 words
    • 210 24 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
      210 words
  • Page 24 Advertisements
    • 66 24 B S3 n phoenix Q^ms& L 1310. DD \Qj. _^>>^ l^fl B China Make an affordable call France M \^y y^-^^^^J iJ Hong Kong 17 f\ I I V—^;A Malaysia fe^ WT 1 1(71 New Zealand Hi^^. 1 /v/ y'^^ f^l South Korea »O^\\ 1 iSJ B Taiwan ff vs^^*»JkM
      66 words

  • FINANCE & COMMODITIES
    • 372 25 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 23 World Index Preliminary 997.2 -0.1 -11.9 -0.1 -14.7 -0.4 -10.. t EAFE Preliminai 944.2 -0.2 -15.7 -0.6 -16.7 -1.0 -12.! Euro[ Prelim inan
      372 words
    • 64 25 Jun24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Jul 08 3548 Aug 08 3540 Sep 08 3550 Oct 08 3567 Total o/p: ***** contracts 3496 3559 3511 3503 3560 3495 3503 3570 3503 3505 3572 3505 Turnover:
      64 words
    • 22 25 Jun 24 STI SIMSCI Jun 365 367.2 363.4 Taiwan Jun 304.1 306.6 302.9 Source: MF Global (S) Pte. Ltd
      22 words
    • 21 25 Jun24 SS Bid Offer 1-month 1.3649 1.3664 2-months 1.3631 1.3646 3-months 1.3613 1.3629 6-months 1.3559 1.3577 Source: OCBC
      21 words
    • 157 25 Jun 24 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3040 1.3059 0.9539 0.9544 Canadian dollar 1.3456 1.3470 0.9843 0.9844 Euro 2.1280 2.1302 1.5567 1.5568 NZ dollar 1.0347 1.0364 0.7569 0.7574 jterlini ind 2.6907 2.6936 1.9683 1.9686
      157 words
    • 357 25 Jun 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 96.855 96.485 96.280 96.065 0 0 0 0 ***** ***** 5469 2423 EUROYEN FUTURES SepO8 99.125 99.130 DecO8 99.030 99.035B MarO9 98.910B JunO9 98.760 98.780B SepO9 98.680B DecO9 98.605B Mar10 Jun10 99.125 99.030
      357 words
    • 274 25 Jun 24 KUBBtK 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 09 445.75 443.00 439.00 435.00 436.00 437.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      274 words
    • 129 25 As at 9am Jun 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2940 1.3090 Can dollar 1.3390 1.3540 Euro 2.1110 2.1350 NZ dollar 1.0270 1.0490 Sterlini 2.6720 2.7010 US dollar 1.3600 1.3750 Local dollars to 100 units of foreign currency:
      129 words
    • 175 25 Jun 24 %S_ Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/4 ys$ 3/16 1 1/16 1 1/8 1 1/4 Offer 1/16 15/16 1 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 2.85 2.70 2.85 3.00 3.30 3.55 3.80
      175 words
    • 451 25 Jun 24 iuro 'en (on 'eso lam 'ouni Australia 0.969 6.555 0.613 7.450 40.990 88.392 1.030 9.866 3.109 1.260 64.615 42.460 1.305 7.677 0.994 29.035 31.969 0.485 0.954 Canada 1.032 6.762 0.632 7.686 42.290 91.195 1.063 10.179 3.207 1.300 66.663 43.806 1.346 7.920 1.025 29.955 32.982 0.500
      451 words
    • 165 25 Jun 24 GOLD (USS/oz) Jun 24 Jun 23 GOLD BULLION COINS (S$) Sellini Bu' rini Hong Kong 888.60 905.10 889.60 906.10 Jun 23 Jun 20 London 879.50 903.20 880.50 904.20 Source: Reuters \jj) jciiinij puyiiiij i~oz 1358.9 1222 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $476.15 391
      165 words
    • 76 25 Jun 24 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 2.***** SWAP
      76 words
    • 92 25 Jun 24 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****E 25.09.08 1-Year BY*****N 04.05.09 0.46 0.93 0.32 0.32 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
    • 71 25 Jun 23 Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 3092.20 3093.50 3 months 3141.00 3140.00 Copper, Grade A (US$/tonne) Cash 3 months 8565.00 8400.00 8600.00 8435.00 Lead (US$/tonne) Cash 1844.80 3 months 1865.00 1858.00 1880.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      71 words
    • 78 25 Jun23 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1705 1688 1710/1686 SepO8 1674 1666 1679/1656 Dec 08 1634 1625 1638/1616 Mar 09 1602 1593 1609/1588 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2361 2365 2384/2299 SepO8 2336 2360 2378/2285 Nov08 2306 2325 2347/2260 Jan 09 2278 2270 2290/2230
      78 words
    • 103 25 Jun23 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1515.00 1532.50 1519.00 1490.00 Aug 08 1517.00 1535.00 1520.00 1495.00 Sep 08 1505.00 1515.50 1506.00 1490.00 Nov 08 1502.50 1509.00 1506.00 1476.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 08 63.27 63.88 63.70 62.50
      103 words
    • 75 25 CRUDE OIL PRODUCTS Jun23 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 136.57 1.16 WTI (Near Mth) 136.17 1.85 Dubai (1-Mth F) 130.46 3.56 Tapis blend 143.6 3.8 Minas 139.65 3.8 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 130.32 164.80 3.60 2.2 US$/barrel Opec Oil Basket
      75 words
    • 1221 25 BONDS WARRANTS Pel lode Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left S756 Asiatic Grp (H) Ltd W*****2 11 0.5 5 1 3 4 1.23 27 1267 Biosensors DB ECW*****5 15.5 -1 44 1 70 3 1014 Capitaland BNP ECW*****8 21
      1,221 words
  • Page 25 Advertisements
    • 154 25 K% Trade Stock Index Futures! Nvk Why trade Stock Index Futures with Phillip Futures: k^| TwA Collect popular blue chips in 1 basket Personalised coaching service available H Trade global stock indices in a single account Regular FREE seminars and market updates f i Convenience of e-trading with 24-hour call
      154 words

  • Page 26 Advertisements
    • 2775 26 m m The Business Times Shipping Times Bl B^ BfJfffyjjjffnWWtffß-fjrfWtfßlffiß B« I WAN HAI INTERNATIONAL PTE LTD crn0 **********0/r BrZ X A B*LE JJ:IJ^I^L^M»t»kgfeMWJBBRBII "1 TEL:*****588 (14 LINES) FAX:*****163 Bi_~l V •^jW|fsKr^ Bft^l WSSamS toWmMS \\\M N WAN HAI INpN C»sl«net Setvke/Boolcings Mccl Line (IBOO> *****200 M^™ M a njl
      2,775 words

  • Page 27 Advertisements
    • 3257 27 RICKMERS-LINIE »-h «h,, flf^T EASTERN CAR LINER. LTD I fl) Q^lSf^ke Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com HI IJJI^L I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I 2 1 I lv I i-n.imi-i«-i. in nvnv at ii.r*v ■lm■ui iv viu IAIEEI/IV CVDDCCC GAM IMP GPUCnill C USA
      3,257 words

  • Page 28 Advertisements
    • 5552 28 IT" ANDERSEN Tel: bSb2Mbll@w™ll I fwam filflßV MAVIRATIfIM RRlHlpi KflkS tZU Hfifl E__H shipping company/ 70 Shentoii Way, #21 -03 Marina House Singapore 0791 18 Vi^m ULI»11 lIHWIUHI lUH UIHIUr ■pSil! __SP BHffl WM HH Bill north west express line *B,H*L-tss.^f wm^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES
      5,552 words

  • MOTORING
    • 581 29  -  SAMUEL EE 'We see leasing as the trend of the future. By leasing, companies actually free up their cash flow for other critical activities.' Cheng Yew Eng, MD of Goldbell Leasing Demand expected to come from marine and construction sectors By THE commercial
      ARTHUR LEE  -  581 words
    • 573 29  -  SAMUEL EE By SALES of light goods vehicles have slowed down sharply in recent months due to a smaller COE quota and rising diesel prices. And among light goods vehicles (LGVs), sales of light vans are facing the brunt of a decelerating segment.
      573 words
  • Page 29 Advertisements

  • EXECUTIVE MONEY
    • 820 30  -  JOSEPH CHONG Acceleration and deceleration in money supply tend to lead stock market performance by up to four to eight months THERE is an old adage in investing: to make money, follow the money. Yes, it is always an advantage to know the potential direction of
      820 words
    • 1016 30  -  CONRAD de AENLLE -NYT By [NEW YORK] A year ago, foreign stock markets seemed to be composed of cast iron and coated with Teflon. Today, they behave as though they are made of much brittler materials. Declines in many overseas markets
      -NYT; AP  -  1,016 words
    • 979 30  -  JANE BRYANT QUINN Bloomberg By [NEW YORK] Need money? Got a cash-value life insurance policy? Not feeling too well these days? You may be approached to sell your policy to an investor for cash up front. Maybe that's a good idea, but maybe
      Bloomberg  -  979 words
    • MANAGING WEALTH
      • 329 31  -  SIOW LI SEN By HE WAS born in Japan and he speaks Bahasa Indonesia. And having spent the past 30 years in Asia, Philip Hampden-Smith rightly calls himself Asia-centric. In fact, his links to Asia go back as far as his grandfather,
        329 words
      • 1138 31 Manulife's Philip Hampden-Smith tells SIOW LI SEN he's very happy with his 10 properties in the UK and Singapore Q: How was money when you were a child? A: I was fortunate that I did not have to worry too much about money when
        Philip Hampden-Smith  -  1,138 words
    • 927 32 Take your strong S$ and buy cheap American blue chips now, Sarasin's Monson tells GENEVIEVE CUA A DUBAI client that Guy Monson, chief investment officer of Sarasin Partners, met recently is probably representative of a large number of Asian investors. The client had an investment
      927 words
    • 458 32  -  GENEVIEVE CUA By CONVENTIONAL wisdom says bonds should be avoided in a high-inflation environment. But inflationlinked bonds may well be an attractive option. HSBC Global Asset Management has launched what it says is the first infla-tion-linked bond fund focused on emerging markets. The HSBC Emerging
      458 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 170 31 i^Nw-k+ji^/^i 1 1 ixxi 11^\ a #l+U^ Richard Ellis has over two decades of experience and proven track records in IV-'ll I VOI ILII ly I UAU I y VVILI I successfully marketing entire residential developments that are in a league of their own. I[ I irv~\ ii^ s>\ i^-n
      170 words
    • 16 31 This is the last of an eight-part series brought to you by CBRE CB RICHARD ELLIS
      16 words

  • Page 32 Advertisements
    • 269 32 FUEL FOR FLIGHT Why Financial Industry Competency Standards (FICS) Accredited Programmes? Financial institutions operating within the global markets face constant change and intense competitive pressures. For high-performance organisations, investing in the training and development of staff marks the difference between staying grounded and taking off. Let the FICS power up
      269 words
  • Page 32 Miscellaneous