The Business Times, 28 June 2008

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Microfilm: NL29386
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents »jp* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 June 28 29,2008 online at http://www.businesstimes.com.sg
    23 words
  • Article, Illustration
    Lock icon S'pore stocks – down but not out
    969 1  - S'pore stocks down but not out LYNETTE KHOO Rough ride expected ahead, but counter-inflationary stocks or those that can ride rising oil prices could offer opportunities By [SINGAPORE] Rising inflation and slower economic growth projections are eating away at sentiment on the Singapore stock market. With the picture unlikely to
    : Bloomberg  -  969 words
  • Article, Illustration
    Lock icon Organisers pul off a three-in-one feat
    595 1  -  EMILYN YAP 3 major events offer challenges, good lessons for future By [SINGAPORE] It was hard to miss the buzz at the Suntec International Convention and Exhibition Centre this week. The Singapore International Water Week (SIWW), the World Cities Summit (WCS) and the East
    595 words
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      Lock icon Page 1 Advertisements Column 1
      60 1 Inspired by a souscription watch, "La Tradition Breguet" salutes one of Breguet's most important inventions, the pare-chutß. Hand-wound mechanical movement, caliber 507DR, with straight-line lever escapement, monometallic balance and Breguet overcoil. www.breguet.com Boutique Breguet, 328 North Bridge Road, #01-18 Raffles Hotel Arcade Singapore, tel: +65 6338 6006 PARIS CANNES GENEVA
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      62 1 Wj^BßßTr^T^^Mr MOTORING ABS DINNER WEB WORLD BE INSPIRED mi L --c--^S Fun but Act now to curb Personalised Web Zap for daily inspiration. i frugal inflation: Tharman addresses on the way MnapairofZegna fj PAGE 17 PAGE 2 PAGE 10 Sunglasses! PAGE 7 I vUI 3 "^B^S^^--" Hfi^^^ift r^j^^^^& '<- y^j
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      29 1 DEFYING THE ODDS Peter Cruddas, chairman of global securities trading firm CMC Markets and the richest man in the City of London. In the Raffles Conversation. PAGE 3 df
      29 words
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  • TOP STORIES
    • Article
      Lock icon Lehman's top 2 won't take bonus this year
      467 2 Bloomberg 98% of CEO Fuld's USs4om payment last year was bonus [NEW YORK] Lehman Brothers Holdings chief executive Richard Fuld and president Herbert McDade will forego 2008 bonuses, the biggest chunk of their pay, after the fourth-big-gest US securities firm reported its
      – Bloomberg  -  467 words
    • Article, Illustration
      Lock icon Asian leaders need to curb inflation
      571 2  -  CONRAD TAN Developing nations harder hit by food, fuel prices, face more risks: Tharman By [SINGAPORE] Asian policymakers must act decisively to prevent a second round of price inflation following the current increase in inflation due to fuel and food prices, said Finance Minister
      DESMOND WEE/THE STRAITS TIMES  -  571 words
    • Article
      Lock icon Consumer spending up but confidence hits 28-year low
      315 2 Reuters LATEST US DATA [WASHINGTON] US consumer spending jumped last month as stimulus cheques boosted household budgets and pushed the saving rate to the highest level since 1995, but another report yesterday showed confidence took a hit. Commerce Department data showed US
      Reuters  -  315 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.529 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.66 INDIA 12.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon MARKETS
        41 2 1COMP 1,190.54 -13.35 IIKKEI225 13,544.36 -277.96 1ANG SENG 22,042.35 -413.32 ;et index 775.73 +1.34 JAKARTA COM P 2,332.11 -18.78 IANILACOMP 2,466.28 -55.33 ;eoulcomp 1,684.45 -33.21 ;henzhenb 471.21 -22.61 IUMBAI IND 13,802.22 -619.60 12N00NEDT Cham )OW 11,401.15 -52.27 IASDAQ 2,310.47 -10.90
        41 words
      • Article
        Lock icon FOREX
        40 2 IS$ (S$ per US$) 1.364 (US$/S$ per 1.983 2.705 :URO (US$/S$/E) 1.573 2.146 'EN 106.40 78.00 3.263 2.392 IK$ 7.802 5.720 !AHT 33.58 24.62 lUPIAH 9,212 6,754 lENMINBI 6.862 5.031 INDIAN RUPEE 42.83 31.40 1.042 0.764 IZ$ 1.320 0.968
        40 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Fund managers expect sluggish second half: poll
        68 2 FUND managers' sentiment on the economy and the equities market has taken a turn for the worse over the course of six months. They now expect economic growth to be sluggish at least for the second half of this year and possibly next
        68 words
      • Article
        Lock icon Ex-remisier fails in suit against Westcomb
        43 2 WESTCOMB Financial Group and its securities and corporate advisory subsidiaries have won a court case against a former remisier who had sued them for allegedly stealing his clients and depriving him of commission. COMPANY NEWS, PAGE 7
        43 words
      • Article
        Lock icon Wealth management in Asia still dogged by talent dearth
        73 2 THE lack of talented staff is still the biggest challenge for banks seeking to expand their wealth management business in Asia, Chris Meares, HSBC head of private banking, said yesterday. As stiff competition for experienced wealth managers drives up pay and
        73 words
      • Article
        Lock icon Proton launches zero-defect campaign to improve quality
        75 2 campaign improve quality MALAYSIA'S national carmaker Proton yesterday launched a zero-defect campaign to boost quality as it prepares to step up exports and launch its first multipurpose vehicle in March. Managing director Syed Zainal Abidin Syed Mohamed Tahir said that the company would
        75 words
      • Article
        Lock icon In search of the next factory to the world
        68 2 FROM south-east China to the California ports, a seemingly endless fleet of container ships has carried more and more cut-price merchandise to bargain-hungry US consumers. But the flow is now slowing as soaring costs for food, fuel and a host of
        68 words
      • Article
        Lock icon Merrill plunges in M&A adviser rankings
        71 2 MERRILL Lynch Co Inc lost out badly in the merger and acquisition (M&A) adviser rankings for the first half of 2008, falling to No 8 from No 4 a year ago in one of the league table's biggest moves, Thomson Reuters data showed yesterday.
        71 words
      • Article
        Lock icon Gates retires, hands Microsoft to Ballmer
        59 2 BILL Gates turned Microsoft over to the sole leadership of Steve Ballmer yesterday. But there may have been better times for a handoff- shares of the world's largest software maker are down 22 per cent this year, sales of Windows software are slowing, and
        59 words
    • Article, Illustration
      Lock icon When wireless hotspots leave you cold
      618 2  -  LEE U-WEN SATURDAY SOAPBOX WHILE on a business trip to Istanbul, I was standing at the station platform waiting for the subway train to take me to my meeting. Bored, I whipped out my iPhone and decided to try my luck at hunting for
      618 words
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      239 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Defying the odds
      2621 3 Peter Cruddas, founder and chairman of global securities trading firm CMC Markets, tells WONG WEI KONG about his rags-to-riches story, management style, business philosophy and some unfulfilled boyhood aspirations EVEN for the City of London's richest man, there are still unfulfilled aspirations from boyhood. Peter Cruddas, founder
      JOHN HENG  -  2,621 words
    • Article
      Lock icon Raffles Hotels & Resorts
      98 3 Raffles Hotels Resorts Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through
      98 words
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  • COMPANY NEWS
    • Article
      Lock icon Fund managers see a sluggish second half: poll
      447 4  -  LYNETTE KHOO But they still see opportunities in commodities and infrastructure By FUND managers' sentiment on the economy and the equities market has taken a turn for the worse over the course of six months. They now expect economic growth to be
      447 words
    • Article, Illustration
      Lock icon SPH's Paragon valued at $2b
      247 4  -  NISHA RAMCHANDANI By SINGAPORE Press Holdings' Paragon shopping centre in Orchard Road is now worth $2 billion, about 10 per cent up from its valuation of $1.82 billion a year ago. The higher valuation came amid higher rents and continued strong demand. "Rents are firm,
      Mmmm I FILE PHOTO  -  247 words
    • Article
      Lock icon CCT expects financing to get more expensive
      229 4 Bloomberg CAPITACOMMERCIAL Trust (CCT) expects financing to become more expensive after it raised US$l.2 billion to fund an acquisition of an office tower this year. The manager of about three million square feet of commercial space in Singapore agreed in March to buy
      Bloomberg  -  229 words
    • Article, Illustration
      Lock icon SingTel raises stake in Globe to 47.34%
      412 4  -  SIOW LI SEN By SINGAPORE Telecom is raising its stake in associate Globe Telecom to 47.34 per cent from 44.47 per cent. In a statement yesterday, Sing Tel said that it will pay Ayala Corporation 4,598 million pesos ($l4O million), or 1,210 pesos
      FILE PHOTO  -  412 words
    • Article
      Lock icon Completion of proposed sale of Jade unit further extended
      392 4  -  CHEWXIANG By JADE Technologies' completion of its proposed sale of a loss-making subsidiary has been further extended. In May, it said that, by mutual consent, the completion of the proposed sale of Jade Precision Engineering to Hong Kong-listed United Pacific Industries
      392 words
    • Article, Illustration
      Lock icon Spillover effect of frosty Wall St summer
      545 4  -  R SIVANITHY STOCKS IT MAY be summer in the northern hemisphere but there's a winter chill in the air as far as Wall Street is concerned stocks have continued to crumble in the wake of rising oil prices, a weak economy, high commodity
      545 words
    • PERSONAL INVESTMENT
      • Article, Illustration
        Lock icon BROKERS' TAKE
        981 6  -  LYNETTE KHOO KEPPEL Corp's share price fell 2 per cent on Thursday, on Fred Olsen Energy's (FOE) announcement that it has exercised an option to take over responsibility for the conversion of its Blackford Dolphin semi-submersible rig from Keppel Verolme, a subsidiary of Keppel Corp (Keppel), after a
        Bloomberg  -  981 words
      • Article, Illustration
        Lock icon Managing FX exposure
        1242 6  -  GENEVIEVE CUA It can make a substantial difference to returns, hence investors should consider treating currencies as an asset class By PORTFOLIO asset allocation is typically thought of in terms of the building blocks of traditional asset classes equities, bonds, cash and a sprinkling of alternative assets.
        1,242 words
      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        1017 6 For week beginning Jun 23 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Asiapharm 27-Jun-08 Liu Dianbo *Buy 1079 0.71 *****0 77.19 *****9 77.41 Suntec Reit 26-Jun-08 Chow Wai Wai
        1,017 words
    • Article
      Lock icon Soilbuild breaks new ground at Fusionopolis
      387 7  -  JOYCE HOOI Phase 2B kicks off with Solaris, a 'green building' for creative industries By SOILBUILD Group Holdings staked its claim as the first private developer at one-north business park Fusionopolis yesterday. "Following the award of Fusionopolis Phase 2B in April, Soilbuild will develop
      387 words
    • Article
      Lock icon Olam to launch marketing office in Melbourne
      338 7  -  EMILYN YAP By OLAM International will open a marketing office in Melbourne on July 1 to participate in the wheat, barley and canola businesses in Australia. According to the Singa-pore-listed supply chain manager of agricultural products and food ingredients, the Australian government recently
      338 words
    • COMPANY BRIEFS
      • Article
        Lock icon Popular's earnings up 16% at $13.46m
        33 7 EDUCATION group Popular posted a net profit of $13.46 million for FY2OOB ended April 30, up 16 per cent. Revenue rose 9.2 per cent to $435 million.
        33 words
      • Article
        Lock icon Ipco's net profit dives 86% to $636,000
        42 7 IPCO International registered a net profit of $636,000 for the full year ended April 30, a drop of 86 per cent from $4.5 million. Total revenue came in at $41.5 million, down 12.6 per cent.
        42 words
      • Article
        Lock icon Innovalues issues H1 profit warning
        81 7 INNOVALUES warned yesterday that the group expects operating performance for the first half of 2008 to be lower than the first half of 2007, due mainly to the continued weakness of the US dollar against the Singapore dollar and the currencies of countries in which
        81 words
      • Article
        Lock icon Lafe plans rights issue at 10 cents a share
        52 7 LAFE Corporation has announced a proposed one-for-one renounceable non-underwritten rights issue of up to one billion new shares at an issue price of 10 cents for each share. The expected net proceeds of about $99.5 million will help fund the company's
        52 words
      • Article
        Lock icon Hyflux offers 6 plants in China to listed trust
        46 7 WATER-TREATMENT firm Hyflux has offered six water-treatment plants in China to its listed trust, Hyflux Water Trust (HWT). The six plants have a total capacity of 290,000 cubic metres a day and are worth about $180 million.
        46 words
    • Article
      Lock icon Ex-remisier fails in suit against Westcomb
      508 7  -  LYNETTE KHOO By WESTCOMB Financial Group and its securities and corporate advisory subsidiaries have won a court case against a former remisier who had sued them for allegedly stealing his clients and depriving him of his commission. The court ruled in favour of the
      508 words
    • Article, Illustration
      Lock icon Mechanisation will benefit China Farm Equipment
      484 7 It is expanding output of rotary ploughs, combines [SHANGHAI] China's drive to modernise its agricultural sector could mean a bumper year ahead for farm machinery maker China Farm Equipment. The maker of combines and rotary ploughs is already expanding output, hoping to take advantage
      FILE PHOTO  -  484 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
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      118 words
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      Lock icon Page 4 Advertisements Column 2
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  • Page 5 Advertisements
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      180 5 I ENSCO 8500^^^ GOING FURTHER DEEPER Keppel FELS and ENSCO International proudly announce the completion of the ENSCO 8500 deepwater semisubmersible "liffiplC drilling rig. She is the first in a fleet of six Wlm ENSGO 8500 Series rigs being built by jMfl 1| As ENSCO's preferred offshore solutions //fi^ B=±
      180 words
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  • Page 7 Advertisements
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      228 words
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  • FOCUS: TURKEY
    • Article, Illustration
      Lock icon New front for S'pore firms
      606 8  -  LEE U-WEN With markets in China and India fast becoming saturated, Turkey could be the next big thing for companies here Reports by in Istanbul THE difference in size could not be more stark. Singapore, with just 4.3 million people, is physically tiny compared with
      606 words
    • Article
      Lock icon A strategic area for a logistics firm
      528 8 HAVING already stamped its mark throughout most of Asia, one of Singapore's biggest logistics firms is looking to expand further this time in Turkey. A four-member team from CWT's freight-forwarding arm CWT Globelink spent the last week visiting Istanbul and other cities in
      528 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8448 8 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.126/ AIGIF Spore Bond Fund/ A 1.319/ 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 0.9651/ APS Komaba
      8,448 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Wealth management in Asia still dogged by talent dearth
      455 9  -  CONRAD TAN But HSBC private banking head sees a 'good long-term future' in the region By THE lack oi talented stall is still the biggest challenge for banks seeking to expand their wealth management business in Asia, the head of private
      455 words
    • Article
      Lock icon S'pore aiming to be natural resources hub
      323 9  -  SIOW LI SEN By COMMODITIES exchanges can help Singapore develop into a vibrant centre for natural resources, given the island's location in the region, said the Economic Development Board. Last year a new EDB unit, the New Business Group, was formed to spot
      323 words
    • Article
      Lock icon Visitor arrivals up 0.8% y-o-y in May: STB
      217 9 VISITOR arrivals clocked in at 828,000 in May this year, up 0.8 per cent year-on-year, the Singapore Tourism Board (STB) said yesterday. Indonesia (136,000) accounted for the highest number of visitors, while India (103,000), China (86,000), Australia (66,000) and Malaysia (52,000) were
      217 words
    • Article
      Lock icon A&G, Zaid, LCT form practice in Vietnam
      326 9 LAW firm Allen Gledhill (A&G) has set up a practice in Vietnam as a joint venture with its Malaysian partner Zaid Ibrahim Co and Vietnamese firm LCT Lawyers. The new practice, AGZI LCT, has offices in Ho Chi Minh City and Hanoi. It
      326 words
    • Article
      Lock icon Active citizenry exhibition opens
      170 9 THE government agency for connecting with citizens Reach (Reaching Everyone for Active Citizenry Home) launched a roving interactive exhibition at HDB Hub Mall in Toa Payoh yesterday. The exhibition aims to increase heartlanders' awareness of Reach and the feedback channels they can use to engage the
      170 words
    • Article, Illustration
      Lock icon Thakral seeks up to $99m for rest of Sovereign units
      372 9  -  KALPANA RASHIWALA By THAKRAL Land is selling the remaining 17 apartments it owns at The Sovereign, a freehold condo in Meyer Road that it developed more than a decade ago. Based on asking prices of $1,300-1,500 psf for lo-wer-floor units
      372 words
    • SINGAPORE ROUNDUP
    • Article
      Lock icon New U should complement sector: panel
      303 9  -  LYNN KAN Similar courses with unique teaching methods will set it apart: IMP By I By COMPLEMENTARITY should characterise Singapore's new public university, according to an International Academic Advisory Panel (lAAP) after it reviewed and affirmed most of the recommendations for the local university
      303 words
    • Article
      Lock icon 2 in 5 employers give staff special pay
      141 9 THE Singapore National Employers Foundation (SNEF) yesterday revealed the results of a survey on how member companies are implementing the 2008 National Wages Council recommendations. The survey of 178 companies employing a total of 66,000 workers showed that two in five are
      141 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      641 9 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF I 1 YEC ENGINEERING (STORE) PTE LTD IN THE MATTER OF Co- No- *****3867G THE COMpInIESACT, CAP. SO "N MEMBERS' VOLUNTARY AND LIQUIDATION) IN THE MATTER OF At an Extraordinary General Meeting of the TRI LINK
      641 words
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  • FOCUS: WEB WORLD
    • Article
      Lock icon Personalised Web addresses on the way
      801 10 ■NYT New rules by ICANN allow any company, organisation or country to apply for a new top-level domain [PARIS] Move over .com and .org. Get ready for a nearly infinite variety of new Web addresses ending in words such as .perfume, .sports and .paris.
      ■NYT  -  801 words
    • Article, Illustration
      Lock icon Yahoo revamping once more in bid to compete more effectively
      717 10 -NYT [SUNNYVALE, California] Under pressure from many shareholders for its poor performance and for its failure to complete a deal with Microsoft, Yahoo is doing something it has done several times before: reorganising itself. On Thursday, the company announced a
      -NYT; REUTERS  -  717 words
    • Article, Illustration
      Lock icon Getting ads on Google about what you searched a while ago?
      730 10 NYT [NEW YORK] Google, with its deep reservoir of data about online behaviour gathered by tracking hundreds of millions of computers, is for the first time testing ways to use some of that data to aim advertisements at Web
      NYT; FILE PHOTO  -  730 words
  • Page 10 Advertisements
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      26 10 SHAKE UP yauß MDttrrxrTG! Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. RADIO 100% PURE FUN
      26 words
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      Lock icon Page 10 Advertisements Column 2
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      48 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Proton launches zero-defect campaign to improve quality
      556 11 -AP Carmaker is seeking to intensify exports to cut reliance on domestic market [SHAH ALAM] Malaysia's national carmaker Proton yesterday launched a ze-ro-defect campaign to boost quality as it prepares to step up exports and launch its first multipurpose vehicle in March. Managing
      -AP; AP  -  556 words
    • Article, Illustration
      Lock icon Wreckage of Indonesian military plane spotted
      362 11 -AFP [BOGOR, Indonesia] The wreckage of a military transport plane has been spotted in thick jungle in Indonesia, officials said yesterday amid reports that residents have found the bodies of the 18 people on board. The Casa C-212 transport plane disappeared from radar screens
      -AFP; r --- – i AFP  -  362 words
    • Article
      Lock icon Maybank may get nod for Bank Internasional
      107 11 Bloomberg [JAKARTA] Indonesia's central bank may approve Malayan Banking Bhd's US$2.7 billion acquisition of PT Bank Internasional Indonesia next week, a central bank director said. "We are conducting the examination now and hope next week, an approval will be given," Budi Armanto, a
      – Bloomberg  -  107 words
    • Article
      Lock icon Genting launches its first online gambling site in UK
      218 11 Reuters [KUALA LUMPUR] Malaysian gambling group Genting Bhd has launched its first online casino brand, Circus Casino.com, in the United Kingdom, the company said yesterday. Genting said that its wholly owned unit, Genting Stanley Alderney Limited, would run the site that
      Reuters  -  218 words
    • Article
      Lock icon Sabah party faces expulsion from BN coalition
      216 11 -AFP [KUALA LUMPUR] A rebel party in Malaysia's ruling coalition faces expulsion after calling for a no-confi-dence vote in the Prime Minister, the national news agency Bernama reported. The Supreme Council of the 14-party Barisan Nasional (BN) coalition decided late on Thursday to
      -AFP  -  216 words
    • Article
      Lock icon Jakarta scraps 80% takeover limit
      132 11 Bloomberg [JAKARTA] Indonesia's capital markets regulator will allow investors to buy 100 per cent of a company during a mandatory takeover, scrapping a proposal to limit purchases to 80 per cent. Under the new proposal, investors will have to sell a 20 per cent stake
      – Bloomberg  -  132 words
    • Article
      Lock icon BURSA MALAYSIA
      2211 11 Iun27 RM Cooo] A&M Realty 0.53 AbricBhd 0.15 Advance Synergy 0.10 Adventa Bhd 1.10 Ae Multi Hldgs 0.24 Affin Holdings 1.89 Ahmad Zaki Resou 0.77 AicCorp 0.53 \irasia Bhd 0.87 Akn Technology 0.41 Alliance Financi 2.83 Aluminium Co 1.01 Amalgamated Ind 0.46 \mmb Hldgs Bhd 3.24 Amtel Holdings
      2,211 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon In search of the next factory to the world, no thanks to inflation
      725 12 Reuters China used to help US curb inflation, but now China is exporting inflation [WASHINGTON] From south-east China to the California ports, a seemingly endless fleet of container ships has carried more and more cut-price merchandise to
      – Reuters  -  725 words
    • Article, Illustration
      Lock icon Carmakers zoom in to make Chennai the 'Detroit of India'
      804 12 -NYT Japanese, Korean, US, European firms have factories there [ORAGADAM, India] On a dusty sun-baked field, in a ceremony presided over by a chanting Brahmin priest tossing water and rice, the Japanese carmaker Nissan Motor made a bold step into
      -NYT; BLOOMBERG; AFP  -  804 words
    • Article
      Lock icon HK travel agents to boycott Emirates for a week
      169 12 Bloomberg [HONG KONG] Hong Kong travel agents will boycott Emirates Airline, the largest Arab carrier, for a week to protest against a cut in commissions. The Travel Industry Council of Hong Kong called for the move from July 1, when the
      Bloomberg  -  169 words
    • Article
      Lock icon China's industrial profit growth halves on rising cost of oil, coal
      411 12 Bloomberg [BEIJING] Chinese industrial companies' profits grew at half the pace of a year earlier on record oil and coal prices, increasing the likelihood that economic growth will continue to slow. Combined net income rose 20.9 per cent to
      – Bloomberg  -  411 words
    • Article
      Lock icon China Devt Bank maintains stake
      211 12 Bloomberg It holds about 3% of Barclays after latest fund-raising [SHANGHAI] China Development Bank holds 3 per cent of Barclays pic after the UK bank's latest round of fund-raising, maintaining its position as a major shareholder, president Chen Yuan said. The Beijing-based policy bank bought
      – Bloomberg  -  211 words
    • Article, Illustration
      Lock icon Eminent Indian army chief dies at 94
      228 12 -AP [NEW DELHI] India's most celebrated army chief, Field Marshal Sam Hormusji Framji Jamshedji Manekshaw, has died, the defence ministry said. He was 94. Field Marshal Manekshaw had been in a military hospital in the southern Indian town of Wellington for some time
      -AP; AFP FILE PHOTO  -  228 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Oil prices 'blessing in disguise' for Asia
      453 13 Bloomberg Morgan Stanley says that exporters will start to rely on domestic demand [BEIJING] Record oil prices are "a blessing in disguise" for Asian economies and currencies as high transport costs will coerce the region to become less reliant on exports and more
      – Bloomberg  -  453 words
    • Article, Illustration
      Lock icon Foreign investors behind 1 of 20 jobs in NYC
      723 13 -NYT [NEW YORK] More than one-tenth of all the goods and services produced in New York City and one of every 20 jobs are supplied by companies controlled by foreign investors, according to a report scheduled to be released yesterday by
      -NYT; AFP  -  723 words
    • Article, Illustration
      Lock icon Politics blocks economic solutions: Obama
      477 13 AP, Bloomberg [PITTSBURGH] Barack Obama told top business leaders on Thursday that politics often gets in the way of solving problems that threaten America's ability to stay competitive in the global economy. "There is surprising consensus in this country about what needs to be done
      – AP,; Bloomberg; REUTERS  -  477 words
    • Article
      Lock icon Merrill plunges in M&A adviser rankings
      315 13 Reuters Goldman Sachs knocks Morgan Stanley off top spot [LONDON] Merrill Lynch Co Inc lost out badly in the merger and acquisition (M&A) adviser rankings for the first half of 2008, falling to No 8 from No 4 a year ago in one of
      – Reuters  -  315 words
    • Article
      Lock icon Ex-don gets more than 24 years' jail
      233 13 -AP [CHARLESTON, South Carolina] An economist who lived a lavish lifestyle on money he swindled from hundreds of investors was sentenced on Thursday to more than 24 years in prison and ordered to repay millions of dollars he stole from his unsuspecting clients.
      -AP  -  233 words
  • Page 13 Advertisements
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      116 13 (50% of the sales revenue goes to the ST Pocket Money Fund BID PRICE STARTS FROM $1500 Bidding ends 11.59pm, 29th June 2008 f T Find of the day: World beating swim 1952 Dimensions: (W) 685 mm x (H) 1,798 mm x (D) 699 mm Capacity of 452 L Features
      116 words
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  • FOCUS: BOUTIQUE BANKS
    • Article, Illustration
      Lock icon Smaller banks weather credit crisis storm better
      715 14 Reuters They're even seeing opportunities in the market chaos, while big banks bleed [LONDON] Fewer risky bets and a stronger capital base mean boutique investment banks are coping with the credit crisis better than most big players, enabling them to poach talent and
      – Reuters; REUTERS  -  715 words
    • Article
      Lock icon SGX MAINBOARD
      8577 14 Transaction date: Jun 27 !-wks Tel Low Code Last Sale Vol ('000) Hi I lay L Low Bu; .as1 Quote Seller Div C'vr Net P/E I Cap Hii Com[ 5716 1st Software 22 6.5 3148 STelecom I i., 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp 24.5 6.5
      8,577 words
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  • WORLD
    • Article, Illustration
      Lock icon Gates retires, hands Microsoft to Ballmer
      641 15 Bloomberg CEO under pressure to revive sinking shares, drive online advertising business [NEW YORK] Bill Gates turned Microsoft over to the sole leadership of Steve Ballmer yesterday. There may have been better times for a handoff. Shares of the world's largest software maker are
      Bloomberg  -  641 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        59 15 VOLUME Oceanus 50,610,000 SingTel 33,460,000 Golden Aqri 27,856,000 E3 Hlds 26,942,000 China Honqxinq 26,653,000 Li Henq 24,426,000 ChinaNTown 21,043,000 Jade Tech 20,833,000 Ferrochina 17,972,000 DBS DB eCWOBIOI3 15,329,000 Clob VALUE DBS Grp 144,703,580 SingTel 122,999,340 Keppel Corp 93,497,868 SGX 89,276,290 UOB 77,498,674 OCBCBk 67,170,670 Capita Land 61,543,330
        59 words
      • Article
        Lock icon RISES
        97 15 CLOSE UP GLD 10US$ 9112 439.1 3.7 JMH 3000 180.0 4.6 JSH 1680 87.3 4.0 ir Cmdt' 10US$ 457 23.2 3.9 iBSGn 1908 8.0 0.4 SATSvcs 223 8.0 3.7 DBS MBLJCW*****0 538 6.0 1.1 AsiaPharm 72 5.0 7.5 Great Eastern 1710 4.0 0.2 SembMar 405 4.0 1.0 CLOSE UP
        97 words
      • Article
        Lock icon FALLS
        118 15 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN India Nift' 10 1301 -53.0 -3.! China H 10US$ 1518 -49.1 -2. Dain irm 492 -38.2 -5, Cit> 1082 -38.0 -3.. Shan iriLa Asia 1850 -26.2 -7.5 IS MSCI India 100 594 -24.6 -2.9 OCBCCai
        118 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      90 15 MAIN Up Down Unch 4 9 3 SDQ Up Down Unch 0 0 0 TOTAL Up Down Unch 4 9 3 Multi Ind anut acturinc Commerce V\_ 28 21_ 18 3J_ 25 Tpt/Stor/Comms 19_ 12_ 20 13 inance Construction 10_ 13_ Proc 20 10_ 20 10 Hotels/Rsts
      90 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 15 TURNOVER C000) MAIN SDQ TOTAL VALUE ('000) SDQ TOTAL MAIN Multi Ind 35.834 35.834 146.342 146.342 Manufacturing 213.759 32.830 246.589 196.920 3.528 200.447 Commerce 44.518 54.717 99.235 85.341 18.792 104.133 t/Stor/Comms 91.598 1.477 93.075 280.096 527 280.623 Finance 36.739 36.739 387.260 387.260 Construction 35.310 4.206 39.516 6.628
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      36 15 Stock name Close Change CapitaLand 5.590 -0.100 rapn .osco .orp irp Ian fine" fpel .orp irp Stock name Close Change 01am 2.480 -0.110 lgg ■ngg >eml .orp >eml >mg EaT leverage 'angzijiang
      36 words
    • Article
      Lock icon BONDS & WARRANTS
      1592 15 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 4014 Capitaland BNP ECW*****8 19.5 -1 50 0.1 493 19 4015 Capitaland BNP ECW*****2 14.5 -1 20 0.1 593 19 4468 Capitaland BNP ECW*****3 5.5 -1 600 0.3 708
      1,592 words
    • Article
      Lock icon SGX CATALIST
      2122 15 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
      2,122 words
    • Article
      Lock icon SGX XTRANET
      82 15 52-Wk Tel h Low Code Last Sale Vol COOP) Day )h Low Last Quote Buyer Seller Div GrYld Cvr Net MCap P/E Smil Hi! Comi Hi. 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
      82 words
    • Article
      Lock icon CLOB INTERNATIONAL
      69 15 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 >an' Hii 132.7 60 6000 AVJennings 21.5 4 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A60 A8 US20.5 HK230 unch 2068
      69 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Japan inflation hits 10-year high in May
      525 16  -  ANTHONY ROWLEY It can spur economy by kick-starting consumption, via rising interest rates By in Tokyo JAPAN'S consumer price inflation hit its highest level in ten years last month as surging energy and food prices pushed the annualised rate of price increases to
      525 words
    • Article
      Lock icon Barclays may need another £9b to absorb write-downs
      420 16 Bloomberg [LONDON] Barclays pic, Britain's fourth biggest bank, may need an additional £9 billion (5524.3 billion) to absorb credit-related write-downs and bring its capital in line with European peers, Citigroup Inc said. The London-based bank will raise £4.5 billion in a share
      – Bloomberg  -  420 words
    • Article, Illustration
      Lock icon Record fuel prices lead to declining sales of SUVs and trucks
      674 16 Reuters [DETROIT] Record fuel prices have ended America's love affair with the SUV. But the break-up is proving to be more painful than anyone anticipated. Some US dealers have stopped buying used trucks. Lenders are bracing for losses. Automakers
      – Reuters; BLOOMBERG  -  674 words
    • Article, Illustration
      Lock icon Samak survives no-confidence motion
      411 16 Reuters [BANGKOK] Thai Prime Minister Samak Sundavarej survived a no-confidence motion yesterday, as expected, after three days of fiery debate that questioned his handling of the economy at a time of stuttering growth. However, leaders of the street protest laying siege to Government House shrugged off
      – Reuters  -  411 words
    • Article
      Lock icon SEC proposes new rules on oil, gas reserves reporting
      307 16 Bloomberg [WASHINGTON] The US Securities and Exchange Commission (SEC) proposed new rules to govern how oil and natural gas companies report reserves to investors. "The current oil and gas disclosure rules often interfere with an investor's analysis because they are tied
      – Bloomberg  -  307 words
    • Article
      Lock icon Fed reviews rules on bank stakes
      443 16 Bloomberg [WASHINGTON] Federal Reserve officials are reviewing regulations that limit investment firms' stakes in banks, aiming to channel more capital into the US banking system. "We are looking at ways we can make those things more workable and gain from the experience we have
      – Bloomberg  -  443 words
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  • MOTORING
    • Article, Illustration
      Lock icon Fun but fruqa
      905 17 The increased performance of the new Porsche 911 comes with 7.8 per cent lower fuel consumption, writes SAMUEL EE m HEN Porsche unveils a new 911, the chances are that it will hardly look like it is new. Rather, the word "new" refers mainly to what lies
      905 words
    • Article
      Lock icon Double-clutch and double the fun
      344 17  -  SAMUEL EE By THE Porsche 911 's PDK is the first application of a double-clutch transmission in a production sports model. But the concept is not new to the German sports car maker. It pioneered the PDK or Porsche-Doppelkupplungs-getriebe in 1983 with the Porsche 956
      344 words
    • Article, Illustration
      Lock icon Different shades of coo
      506 17  -  SAMUEL EE By AMERICAN military personnel in Iraq and Afghanistan wear them not only because they look cool but because they are high-tech. These days, a good pair of sunglasses doesn't just require sleek styling it needs to be sophisticated too. Apart from filtering out harmful
      PHOTOS: ARTHUR LEE  -  506 words
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  • GOLF
    • Article, Illustration
      Lock icon Source of the Spanish surge
      1341 18 Legendary golfer Seve Ballesteros talks to JUSTINE MOSS about how his pioneering role has been important for the game's development in his country SPAIN reigns in the sporting world these days, from Rafael Nadal and his sensational all-surface play to the stylish Spanish team at
      AFP; BLOOMBERG  -  1,341 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      740 18 Wine&dine with weekendßT Chatterbox soups, enticing local and international dishes, unique Tel: 6333 9979 friends and catch up over a gastronomic meal, 333 Orchard Road, Meritus Mandarin Singapore noodle bar station to one of the largest salad bars in ds Ggrd knQwn h[ Djm Sum js unwinding to a relaxed
      740 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Staying active all life long
      1130 19 -NYT Evidence shows that with every increasing decade, exercise becomes more important in terms of having quality of life and independence [NEW YORK] FACT: Every hour of every day, 330 Americans turn 60. Fact: By 2030, one in five Americans will be older than 65.
      -NYT; FILE PHOTO  -  1,130 words
    • Article, Illustration
      Lock icon Take a break, for a healthier mum & baby
      629 19  - Take a break, for a healthier mum baby MELISSA HENG By HAVE a baby, then take a break. According to doctors here, couples should take a "baby holiday" of at least two years following a birth. This will allow the mother time to recover and lower the risk of a
      FILE PHOTO  -  629 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      41 19 LQ-Tfind the ones bft "U r-J THAT FIT! C Q p—' <s~^/\ Recruit the right people 1 Jt— I through CATS Recruit. -i r] Call 1800 289 8822 or email \/-> I \y~\ recruit@sph.com.sg I J to advertise. C^ s- —v r^
      41 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      38 19 i B^^ Power Luxury Innovation Toyota Alphard Vellfire available for viewing -=^*ES» exclusively at our retail showrooms tslJ where dreams become REALITY New used car Call Us: 6749 1119/ 6473 1119 «S: AML #02-16/17/18 356 A/V/W ALEXANDRA RD
      38 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      330 19 CRYPTIC CROSSWORD W) i^K i^K i^K H 7 H^ F I MO I i^r^Bß II i^l II I ms M 9 |2^^H i^F r~^T^^^ ■X H iH B^^^B r I ACROSS 4 Broadcast contains hot en--7 Precaution giving dodgy gift tertainment (4) horse (9) 5 Go off taking public trans--8
      330 words
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  • SHOPPING
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      Lock icon Exciting and designer-friendly
      1097 20 Fresh from launching its 'Happy Office' line, homegrown Office Planner is set to distribute Starck's xO marque, reports CHEAH UI-HOON THERE weren't many players in the office furniture industry when Gavin Woo first joined it as a young graduate, and those who were doing it were the
      1,097 words
    • Article, Illustration
      Lock icon Can't wait for an iPhone? No problem
      832 20  -  CHRISTOPHER LIM By THERE'S still no news on just when Apple's new iPhone will reach our shores, which is not good enough for you because you want one now. Scratch that you want one yesterday. But did you know that two of the
      REUTERS  -  832 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon The art of beautiful living
      1249 21 Every space in interior designer Peter Tay's home from walls to floors to tables and shelves is filled with an exuberant mix of pop art and modern classical furniture, reports CLARISSA TAN THE names spring forth Eames, Poulsen, Rauschenberg, Mourgue, Panton, Warhol, Massaud, Leonardi, Magistretti,
      PHOTOS: JOHN HENG  -  1,249 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Better after bitter split
      1458 22 Now two separate entities, Swiss Butchery and Huber's Butchery are united in their decision to move forward and build their own separate businesses, which for consumers means competition and likely a lot more variety, writes JAIME EE IT all seems like fertile ground for the cheesiest
      JOHN HENG; ARTHUR LEE  -  1,458 words
    • Article, Illustration
      Lock icon Adding a dash of the celebrity factor
      703 22  -  lAIME EE By ARE celebrity chefs heading to Singapore? As the city slowly but surely gains international street cred as a hip dining destination, a trickle of well-known chefs are starting to enter into tie-ups with local restaurants. And one of the biggest
      703 words
  • Page 22 Miscellaneous