The Business Times, 4 July 2008

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Microfilm: NL29427
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIME SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Friday, July 4,2008
    24 words
  • Article
    Lock icon 'Crazy' bets on oil price raise eyebrows and alarm
    671 1  -  RONNIE LIM Investors on Nymex gamble on oil hitting US$3OO by year-end [SINGAPORE] It is unlikely. It is a nightmare. Even so, at least a handful of people don't rule out oil hitting US$3OO a barrel in December or double the
    671 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      42 1 ICOMP SUSf IIKKEI 225 13,265.40 -20.97 IANG SENG 21,242.78 -461.67 ;et INDEX 742.15 -17.86 JAKARTA COM P 2,286.61 -91.86 IANILACOMP 2,345.68 -48.22 ;eoulcomp 1,606.54 -17.06 ;henzhen B 467.70 +3.98 IUMBAI IND 13,094.11 -570.51 12N00NEDT Chane )OW 11,309.06 +93.55 IASDAQ 2,254.06 +2.60
      42 words
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONGKONG 5.25 INDONESIA 15.529 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.66 INDIA 12.75 Source:
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      37 1 ISS (SS per USS) 1.358 (USS/SS per 1.989 2.702 :URO (US$/S$/E) 1.587 2.155 'EN 106.10 78.10 3.266 2.405 IKS 7.799 5.742 !AHT 33.36 24.56 lUPIAH 9,210 6,781 IENMINBI 6.853 5.045 INDIAN RUPEE 43.28 31.87 1.040 0.765
      37 words
  • Article
    Lock icon Europe weighs risks, opts for interest rate hike
    765 1 Bloomberg AP, Reuters, Quarter percentage point rise to 4.25% comes despite worries it may dampen growth [FRANKFURT] The European Central Bank (ECB) raised its benchmark interest rate yesterday by a quarter percentage point to 4.25 per cent in an effort to rein
    Bloomberg; AP,; Reuters,  -  765 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      98 1 SPORE MARKET OPINION M JADE SAGA BE INSPIRED Warrant trades surge SGX must hive off Why OCBC, law firm Zap for daily inspiration, in bearish market clearing function lilX^^A quit as Soh's advisers Win a Zegna Sports PAGE 6 PAGE 21 PAGE 2 Gym Kit! PAGE 6 I V^^H I
      98 words
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  • TOP STORIES
    • Article
      Lock icon Why OCBC, law firm quit as Soh's advisers
      673 2  -  CHEW XIANG They had doubts over authenticity of his bank guarantee [SINGAPORE] The authenticity of a bank guarantee letter for US$lOO million supposedly issued by Standard Chartered Bank in Jakarta was one of the issues leading to the shock withdrawal of OCBC
      673 words
    • Article
      Lock icon 62,000 jobs slashed in June
      441 2 -AP LATEST US DATA Unemployment rate at 5.5%; service sector shrinks [WASHINGTON] Employers cut payrolls by 62,000 in June, the sixth straight month of US job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 per cent. The latest snapshot of
      -AP  -  441 words
    • Article, Illustration
      Lock icon Anwar hits back with allegations against Najib
      724 2  -  S JAYASANKARAN Private eye alleges link between DPM and dead model; Najib denies it EXPLOSIVE revelations emerged yesterday in Kuala Lumpur after a private investigator hired by a man charged over the bloody murder of a Mongolian model drew links between the accused
      AP  -  724 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Businesses brace for F1 bumps despite back-up plans
        74 2 SINGAPORE GP, the Land Transport Authority and Singapore Tourism Board rolled out an elaborate traffic and transport management plan yesterday for the Formula One race, aimed at keeping commercial disruption to a minimum. Still, some stakeholders in the area are worried that
        74 words
      • Article
        Lock icon ST Engg sees new period of growth
        68 2 THE aviation industry slowdown could well turn out to be a blessing in disguise for Singapore Technologies Engineering. In an interview with BT yesterday, the group's president and chief executive officer, Tan Pheng Hock, said the impact of a slowdown in the aviation
        68 words
      • Article
        Lock icon Warrant trades surge in bearish Spore market
        52 2 ALTHOUGH stockmarket turnover fell 15.6 per cent year on year in the first half of this year to $220.1 billion, warrant volume surged 21 per cent to $13.1 billion, suggesting more players are entering the segment as it continues to develop. COMPANY NEWS,
        52 words
      • Article
        Lock icon More companies shelve Asian IPOs as markets slide
        75 2 TWO more firms shelved plans for initial public offerings in Asia, adding further gloom to a market which recently showed signs of a revival after a dismal start to the year. Yesterday, Hong Kong-based bulk cargo shipping firm Maritime Capital Shipping withdrew
        75 words
      • Article
        Lock icon CDL opens Livia condo at Pasir Ris for preview
        73 2 CITY Developments Ltd has begun to preview its much-awaited Livia condo at Pasir Ris at an average price of about $650 psf for the initial batch of units, BT understands. And next to Kovan MRT Station, the 512-unit Kovan Residences is
        73 words
      • Article
        Lock icon Asia needs forceful rate hikes: analysts
        87 2 ASIAN central banks have sold billions of dollars recently to prop up their currencies, but such intervention will be money wasted unless policy makers are more aggressive in raising interest rates to fight inflation. Most Asian currencies, led by the South Korea won and
        87 words
      • Article
        Lock icon China faces tough task on capital curbs
        85 2 BEIJING'S latest drive to stamp out unauthorised capital inflows is likely to be no match for resourceful speculators determined to bring money into China to catch the wave of a rising yuan, bankers and officials say. China's currency regulator late on Wednesday ordered
        85 words
    • Article, Illustration
      Lock icon Businesses brace for F1 bumps despite back-up plans
      721 3  -  NISHA RAMCHANDANI Some stakeholders fear business will be hit, as it was during 2006 IMF/ World Bank meetings [SINGAPORE] Singapore GP (SGP), the Land Transport Authority (LTA) and Singapore Tourism Board (STB) rolled out an elaborate traffic and transport management plan yesterday
      721 words
    • Article
      Lock icon Asian gateway S'pore not top draw for FDI: survey
      375 3  -  LYNETTE KHOO 209 senior execs polled see Spore behind Japan, China, HK for HQ, logistics [SINGAPORE] Singapore is seen as a less attractive investment destination than Japan, China and India, according to a survey by the Japan External Trade Organisation and
      375 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      15 2 I 111 Mil ■I I ~S^ i fv^ V, -.m~**^ 1 JflP/ fl Mil Mill
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      Lock icon Page 2 Advertisements Column 2
      77 2 Live the Ultimate. Own the world's Ultimate KcKilfarj^*' l! Home Entertainment Lifestyle Technologies i Jw"a| Tj i~S bfeSi-y^^nj custom-engineered to the aspirations *^^^(i^Bl II f -Ifi^^fl i of your uitimate lifestyle. I "'iJ!?',! j^i'MKl^l ONCr RADIO I i Live the Ultimate.™ T ii :-^.^>***pPv^^' Ong Radio International Ong AY Specialists
      77 words
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  • Page 3 Advertisements
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      54 3 ZM\ BfiS&SAßirw —Til—lL^ I frTTTTTi J-" m^w BsJ HEm ggßyw BBaS-M j»."?s;a sg B' Bii'j^ «A§^ Kp33E?*llPß^DH#rl PI 1— i I L-^^m MfHT^nMaMi IJ" -HnIfIBVJHEM9 S^MffTJ^E 5E b i f& EiH] ii ill jflH I p iSmauom naKßi^K3^m=^-^ r-JT^y^^^ffTT^^^^i fnP™ fT "irwSTlP*'*."Hrr*l S^Siiiti > k-UmßteaaCa FJH=^f^ 11^^ a "s; Finn
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Are local stocks close to a bottom?
      601 4  -  R SIVANITHY STOCKS ST Index drops for sixth straight session, broad market scores 345 falls against 86 rises IT IS often said that the best trading opportunities present themselves when market sentiment is at its most bearish or bullish. If so, given that
      : Bloomberg  -  601 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 112 0 0 0 5 112 lanufacturing 26 114 48 17 34 131 56 Commerce 10 34 20 15 40 25 'pt/Stor/Comms 29 32 :inance 28 28 Construction 14 18 'ro| lerties 27 27 lotels/Rsts
      92 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 27,180 27,180 129,096 129,096 lanufacturing 244,538 32,979 277,517 207,971 3,100 211,071 Commerce 61,546 27,445 88,991 96,920 8,231 105,151 "pt/Stor/Comms 88,492 3,260 91,752 259,895 1,190 261,084 :i nance 31,064 50 31,114 313,454 12 313,466 Construction 21,706 21,925 43,631 4,162 1,153
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 4 Capita Land 5.720 4-0.050 CapitaMal 3.090 4-0.010 CityDev 10.660 4-0.020 Cosco Corp 3.100 -0.090 IBS Grp 18.660 -0.020 :8eN 4.450 -0.010 Sent Intl 0.570 -0.010 IK Land 4.030 -0.110 ISH 16.900 4-0.060 lardineC8eC 16.760 -0.120 Ceppel Corp 10.520 -0.120 Ceppel Land 4.750 -0.060 IOL 3.010 -0.240
      109 words
    • Article
      Lock icon BROKERS' TAKE
      970 4  -  JOYCE HOOI First Ship Lease Trust July 3 close: 551.25 OCBC Investment Research, July 3 FIRST Ship Lease Trust (FSLT) has done well since our last report dated April 25, up 12 per cent despite broader market weakness. This recent recovery is on account of an increase in
      970 words
    • Article, Illustration
      Lock icon Sing$ up, but peso hits 9-month low
      474 4 Reuters CURRENCIES [SINGAPORE] The Singapore dollar rose yesterday, supported by expectations the authorities will keep it strong to contain price pressures, while inflation fears hit the Philippine peso and the South Korean won. The peso fell by 0.6 per cent to a nine-month
      – Reuters; AFP  -  474 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      51 4 Jul 3 VALUE CLOSE -1268.00-120.OC IT OB/OS IT CADI -*****.00-272.0i IT 10-day MA -*****.00-127.0i TSE ST Mid Cap 701.77 -15.5 TSE ST Small Cap 584.89 -11.9 TSE ST All Share 725.99 -9.1 TSE ST China 400.63 -6.6i OB Catalist 133.57 -2.7! IMSCI 352.84 -3.1 IMSCI Futures 351.30
      51 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 4 VOLUME Golden Aqri 47,876,000 Dayen 30,779,000 Noble Grp 27,312,000 SingTel 22,917,000 StraitsAsia 22,711,000 Ocean us 21,950,000 DBS DBeCWOBIOI3 21,303,000 JiutianC 19,022,000 China Honqxinq 18,106,000 Li Henq 17,608,000 VALUE(S) DBS Grp 116,718,240 Keppel Corp 83,552,020 SingTel 80,378,688 S I A 74,527,060 UOB 73,637,760 StraitsAsia 70,386,140 Capita Land 67,064,200
      59 words
    • Article
      Lock icon RISES
      96 4 CLOSE UP 9310 65.2 0.5 LP 10US$ ePC 695 12.0 1.: Cmdfr 10US$ 463 10.9 1.: >ain 477 9.5 1. ISH 1690 8.1 0.. ;TEm 277 7.0 2: i Land 572 5.0 0: ;TI 3000SGAePW*****0 35 5.0 16. ;TI3100SGAePW*****9 66.5 5.0 8.1 ;TI 3000SGAePW*****9 54.5 4.5 9.' BY PERCENTAGI
      96 words
    • Article
      Lock icon FALLS
      119 4 BY CENTS CLOSE DOWN China H 10US$ 1438 -89.6 -4.4 India Ni 10 1195 -51.0 -4.1 itraitsAsia 299 -50.0 -14.3 :iMBAsean40 100US$ 875 -40.7 -3.3 I A 1392 -38.0 -2.7 Kej SGAeCW*****8 16.5 -34.0 -67.3 elA 200 1394 -28.0 -2.0 Kej T&T 519 -25.0 -4.6 NOL 301 -24.0 -7.4
      119 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 4 Jul 3 CLOSE CHNG FR Jul 2 YR SSLOW R 2008 S$ HIGH USS 1.3584 0.30 1.4542 1.3457 Euro 2.1570 -0.20 2.2064 2.0474 Pounds 2.6981 0.32 2.8431 2.6568 1.3071 0.07 1.3235 1.2349 ren* 1.2779 0.09 1.4484 1.2619 Rupiah* 0.***** 0.25 0.***** 0.***** Baht* 4.0781 0.03 4.4299
      85 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ST Engg sees new period of growth
      595 5  -  CHEW XIANG Aviation industry slowdown could provide growth opportunities, it says THE aviation industry slowdown could well turn out to be a blessing in disguise for Singapore Technologies Engineering (ST Engg). In an interview with BT yesterday, the group's president and chief executive
      FILE PHOTO  -  595 words
    • Article
      Lock icon DBS opens rep office in Hanoi
      369 5  -  CONRAD TAN Bank has expanded trade finance work since getting licence in March DBS Bank has opened a representative office in Hanoi to lead the development of its wholesale banking business in Vietnam. "Vietnam is fast becoming a key player in Asian financial markets.
      369 words
    • Article
      Lock icon DBS HK consumer banking head quits
      290 5 DBS Group Holdings' head of consumer banking for Hong Kong and China has quit and the bank has hired a former executive from ABN Amro to replace him. Sunny Cheung, a managing director and the current head of consumer banking at DBS Hong Kong,
      290 words
    • Article
      Lock icon Buying puts makes more sense than shorting calls
      663 6  -  R SIVANITHY ONE of the most important messages that warrant issuers have been trying to convey to the investing public over the past few years is that in order to profit in a falling market, it's better to buy put warrants rather
      663 words
    • Article
      Lock icon F&N selling $125m bonds?
      65 6 BEER-TO-PROPERTY conglomerate Fraser and Neave is looking to sell Ssl2s million worth of two-year bonds with a semi-annual coupon of 3.6 per cent, a banking source said. The fixed-rate bond will mature on July 9, 2010, the source said. Fraser and Neave, which does not have
      65 words
    • Article
      Lock icon Warrant trades surge in bearish Spore market
      472 6  -  R SIVANITHY Instrument also saw steady rise in proportion of put warrants transacted ALTHOUGH stockmarket turnover fell 15.6 per cent year on year in the first half of this year to $220.1 billion, warrant volume surged 21 per cent to $13.1 billion, suggesting
      472 words
    • Article
      Lock icon Frasers' serviced apartments goal: Grow to 8,500 by 2010
      351 6  -  EMILYN YAP DRIVEN by rising corporate demand, Frasers Hospitality (Frasers) expects to grow its brand of serviced apartments to 8,500 by 2010. This will involve adding 5,000 apartments under the Frasers brand in the next two years. China, India and Vietnam
      351 words
    • Article
      Lock icon Be defensive on stocks, say analysts
      496 7  -  OH BOON PING 'Overweight' calls on banks and telcos By THE stock market valuations here remain reasonable, even though some analysts recommend a defensive investment strategy ahead. Some called for overweights on banks and telcos. In a report, CLSA forecast FYO9 price-earnings (PE) multiple
      496 words
    • Article, Illustration
      Lock icon More companies shelve Asian IPOs as markets slide
      673 7 Latest to baulk are HK bulk cargo shipping firm, China sportswear retailer TWO more firms shelved plans for initial public offerings (IPOs) in Asia, adding further gloom to a market which recently showed signs of a revival after a dismal start to
      BLOOMBERG  -  673 words
    • Article, Illustration
      Lock icon BreadTalk eyes double-digit growth in revenue this year
      618 8  -  LYNETTE KHOO But rising food costs pose a challenge to the group's margins BY BREADTALK Group is eyeing double-digit growth in revenue this year as it walks the talk of expansion. Having opened more than 30 bakery stores and three food courts
      FILE PHOTO  -  618 words
    • Article
      Lock icon Dayen shares plunge again as investors dump stock
      402 8  -  JAMIE LEE By SHARES of Dayen Environmental Ltd took another hit yesterday, plunging as much as 25.8 per cent in what dealers saw as further selling by investors over its troubled coal-mining deal in Indonesia. The stock traded as low as 11.5
      402 words
    • COMPANY BRIEFS
      • Article
        Lock icon BBR Hldgs wins $26.4 m MOE contract
        40 8 BBR Holdings has secured a $26.4 million contract from the Ministry of Education (MOE). The deal, inked through BBR's wholly owned subsidiary Singa Development, is for works at an existing school in Tampines.
        40 words
      • Article
        Lock icon Healthway Medical IPO 1.04 times subscribed
        56 8 HEALTHWAY Medical Corp said that the public tranche of its initial public offering (IPO) was 6.6 times subscribed. It had offered one million shares to the public. The IPO also included a private placement tranche, which was fully subscribed. Together, the private placement and
        56 words
      • Article
        Lock icon FM signs MOU to buy 90% of TriStar Global
        50 8 FM Holdings has signed a memorandum of understanding to buy 90 per cent of TriStar Global Services, which owns two Indonesian coal-mining firms, for up to $160 million. FM, which makes giftware, said it intends to diversify into the energy sector.
        50 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      266 5 ALL ENGLAND WEEKEND "Live" on 120-inch screens/^, I Wimbledon Finals and S^feP Britain Motor Race at Sportsßuzz Paradiz! Jys Silverstone Motor Racing (6 bet types available) Wimbledon Tennis Finals (Predict the Winner Contest; No betting) Sat 5 July Bpm Britain Race Qualifying 8.30pm Wimbledon Ladies' Singles Final (Free admission) Sun
      266 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      146 6 ZAP 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 Zegna Sport Gym Kit worth $1400! Mi f To Zap: 1) Download Color
      146 words
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      Lock icon Page 6 Advertisements Column 2
      36 6 HHHHRHI9' v *>$) I I l/y I Mm I l^fUhH Hi<^.' i>' '^>, ft\ l\ I .^kw I li r i ft 11 I 'rt I #01-06 National Museum of Singapore 93 Stamford Road Singapore *****7 I .^m
      36 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      84 7 Of course you can take your Morrissey Pyjamas with you after the flight. Unfortunately your Skybed has to be left behind. Introducing Morrissey pyjamas in International Business. We can't warm them on the heater like your mum used to, but we'll make sure you feel special anyway. Peter Morrissey designed
      84 words
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      2942 8 =1 f 1 IN THE MATTER OF THE cSJpA^ES™ (CAP^O) /-"TX COMPANIES ACT, CHAPTER SO AND I") TiDD/iKiiriDnnnm IN THE MATTER OF \SOR/ TAPPA (SINGAPORE) PTE CHANG FONG OVERSEAS SINGAPORE WINDSOR HOLDINGS LIMITED (Incorporai^dlnSingapore) Yf (incorporated in Singapore) (Co. Reg. No: j^^JSSSIISS, a Registration No. *****5764Z MEMBERS'VOLUNTARY NOTICE OF RESOLUTION
      2,942 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Transportation, road plans for F1 race out
      337 9  -  NISHA RAMCHANDANI Road closures, diversions from Sept 20-Oct 2; 26 bus services affected TRAFFIC and transportation plans to transform Singapore's city streets into a race circuit for the 2008 Formula 1 Sing Tel Singapore Grand Prix were unveiled yesterday. A series of road
      337 words
    • Article
      Lock icon CDL opens Livia condo at Pasir Ris for preview
      374 10  -  KALPANA RASHIWALA Initial units are priced at $650 psf on average; Kovan Residences launched CITY Developments Ltd (CDL) has begun to preview its much-awaited Livia condo at Pasir Ris at an average price of about $650 psf for the initial batch
      374 words
    • Article, Illustration
      Lock icon LEGAL BRIEFS
      129 10 IN the most refined Singlish conversation, you might hear someone say: "It was like that the last time one." To which the reply would be: "Last time when? When policeman was still wearing shorts?" Well, at Legal Legacies: The Story of Singapore Law, you really can see a
      JOHNHENG  -  129 words
    • Article
      Lock icon SPBA launches new Hall of Fame category
      312 10 THE Singapore Prestige Brand Award (SPBA) has added a new category for the truly worthy the SPBA Hall of Fame. Announced at the launch of SPBA 2008 yesterday, the Hall of Fame award will be given to brands that have won an SPBA
      312 words
    • Article
      Lock icon Spring issues new electrical repair guidelines
      241 10 SPRING Singapore has launched the SS 538:2008 Singapore Standard Code of Practice for Maintenance of Electrical Equipment of Electrical Installations, which sets out the maintenance requirements of electrical equipment for voltages up to 22kV, for the safe and proper operation of electrical installations. The
      241 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon JEC Composites Asia Show on Oct 22-24
        58 10 THE inaugural JEC Composites Asia Show will be held at the Suntec Exhibition Centre from Oct 22 to Oct 24. Organised by the Paris-based JEC Group, it reflects the growth of the Asia-Pacific composites industry and aims to provide industry professionals with both
        58 words
      • Article
        Lock icon Kenneth Hui is chief of sports facilities at SSC
        55 10 THE Singapore Sports Council (SSC) has announced the appointment of Kenneth Hui as chief of sports facilities. The appointment took effect on Tuesday. He will oversee SSC's Sports Recreation Centres and Infrastructure Division, and provide leadership guidance across SSC as a
        55 words
      • Article
        Lock icon UON gets new pro vice-chancellor, CEO
        47 10 UON Singapore, the University of Newcastle's operation here, has appointed Robert Cochrane as its pro vice-chancellor and chief executive officer. The position was made available after the recent retirement of Tim Roberts Mr Cochrane will take up his position in August.
        47 words
  • Page 9 Advertisements
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      294 9 f -'V;' '"V'^-y^K |lrj Jasons Wine Cellar till presents illilS I I My^= |s s| a^ ~JB I I with Mr Giovanni Oliva A V |^^^^^^^^^S^=^3i V^ Grandi Vini D'ltalia Group Date: Thursday, 31st July 2008 I|U Time: 7.00 pm \&nue: Shutters Restaurant, Amara Sanctuary Resort Sentosa J Dress Code:
      294 words
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  • Page 10 Advertisements
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      2812 10 r*jgggfflaaa IN THE MATTER OF IN THE MATTER OF INTHEMAnEROF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. SO THE COMPANIES ACT CAP 50 AND AND CENTRALAND LIMITED AND AND THE
      2,812 words
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  • ECONOMY WATCH
    • Article
      Lock icon Asia needs forceful rate hikes: analysts
      776 11 Reuters Forex intervention not enough to combat inflation, they say [SINGAPORE] Asian central banks have sold billions of dollars recently to prop up their currencies, but such intervention will be money wasted unless policy makers are more aggressive in raising interest rates to fight
      Reuters  -  776 words
    • Article, Illustration
      Lock icon US inflation rate 'still relatively contained': Paulson
      463 11 Bloomberg [LONDON] Treasury Secretary Henry Paulson said inflation that strips out food and fuel costs in the US remains in check and he praised the job Federal Reserve chairman Ben S Bernanke is doing conducting monetary policy. "Core inflation is still relatively contained,"
      Bloomberg  -  463 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      90 11 Luxury Condo for Sale (Orchard) 1. Draycott 8.4 Bedrooms Balcony c/w excellent view, designer decor, Colonial clubhouse, concierge services, vacant $8.99 m 2. St Thomas Suites. 4 Bedrooms Balcony. 2 units on same floor. Good for extended family. TOP 2010 $4.5 m up 3. ST Regis Residences. 4 Bedrooms. Ultimate
      90 words
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      Lock icon Page 11 Advertisements Column 2
      148 11 1 r^l I I Iff 4 i^H ll^^^JKl STOREWIDE! Withpremiernamesnke i Montrachet, Corton Charlemagne, Figeac, Canon la Gaffeliere, Beaucastel, Lafleur, Lafite Rothschild, Zind-Humbrecht, f^r Antonin Guyon, George Breuer, Latour, Perrin Fils, Alois Kracher, Graham, Cheval Blanc, Harlan Estate and Bouchard Pere et Fils J Wines at never-before-seen prices! 10l 1U
      148 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bursa system crashes, trading at standstill
      500 12  -  PAULINE NG Back-up system fails to kick in, leading to renewed doubts over its reliability NOT a single share changed hands on the Malaysian stock exchange yesterday, after the trading system failed and a back-up system failed to kick in. It was the system's
      AP  -  500 words
    • Article, Illustration
      Lock icon KL expects export growth to more than double
      334 12 Reuters [KUALA LUMPUR] Malaysian exports are likely to grow 6 per cent in 2008, more than twice as fast as last year, as the South-east Asian nation entered new markets for its electronics and commodities, the trade minister said yesterday. Malaysia has
      – Reuters  -  334 words
    • Article
      Lock icon Malaysian police tell Opposition to drop rally
      387 12 Reuters [KUALA LUMPUR] Malaysian police yesterday told the Opposition to scrap a weekend rally against a sharp fuel price rise that has stoked anger against the government. Organisers planned to gather tens of thousands of people in the biggest-ever protest since the government
      Reuters  -  387 words
    • Article
      Lock icon M'sia builders face 20% rise in costs
      239 12 Bloomberg [KUALA LUMPUR] Malaysian builders face a record 20 per cent increase in costs this year, which may prompt some of them to scrap projects, the nation's largest surveyor said. Average building costs rose 11 per cent in the first six months, with
      Bloomberg  -  239 words
    • Article
      Lock icon Indonesian anti-graft agency making headway
      594 12 Reuters Arrests made, bribes recovered; its chief happy to create climate of fear [JAKARTA] Indonesia's Corruption Eradication Commission chief, Antasari Azhar, expects the agency to be kept busy for at least the next five to 10 years, creating a "climate of fear" in a bid
      – Reuters  -  594 words
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      1496 12 MAP Technology MAP TECHNOLOGY HOLDINGS LIMITED (Incorporated in Singapore) (Company Registration No. *****5617H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of MAP Technology Holdings Limited (the "Company) will be held at Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4, on 18
      1,496 words
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  • INDONESIA
    • Article
      Lock icon Indonesia leads slide in regional bourses
      418 13 Reuters Miners pull Jakarta index down 3.9% following drop in world coal prices [SINGAPORE] Indonesian stocks slumped nearly 4 per cent yesterday, their biggest one-day fall in four months, after a drop in world coal prices hit miners PT Bumi Resources and PT Indo
      – Reuters  -  418 words
    • Article, Illustration
      Lock icon Central bank raises key rate a third time
      818 13 Bloomberg [JAKARTA] Indonesia's central bank raised its benchmark interest rate for the third month in a row after record oil and food prices drove inflation to the fastest level in almost two years. Governor Boediono and his seven colleagues increased the key
      ■ Bloomberg; REUTERS  -  818 words
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      239 13 Michelin-Starred Chef Stephane Gaborieau Acclaimed Guest Chef Stephane Gaborieau returns to Ife*. The Harbour Grill Oyster Bar with his innovative creations. Be treated to his exquisite cuisine this July as he showcases his culinary flair. f)\ 14-19 July Set menu prices from $65 for lunch and $165 for dinner reservations
      239 words
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  • GREATER CHINA
    • Article
      Lock icon China faces tough task on capital curbs
      467 14 Reuters Latest drive may be no match for resourceful speculators: bankers [BEIJING] Beijing's latest drive to stamp out unauthorised capital inflows is likely to be no match for resourceful speculators determined to bring money into China to catch the wave of a rising
      – Reuters  -  467 words
    • Article
      Lock icon Ping An Insurance denies tax evasion rumour
      227 14 Xinhua [BEIJING] Ping An Insurance (Group) Co, China's second largest life insurer, yesterday denied market talk of a government investigation into tax evasion. The rumour prompted panic selling of its shares and drove the price down by the daily maximum of 10 per
      – Xinhua  -  227 words
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      3392 14 yqK ill ADE 111 ADE I YOMA STRATEGIC HOLDINGS LTD. (Company Registration No. *****0185E) (Incorporated in the Republic of Singapore) JADE TECHNOLOGIES HOLDINGS LTD. JADE TECHNOLOGIES HOLDINGS LTD. urvrirc nc ammi iai r>CMCD«i n/iccTiMf- (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) NU ■lut Ul" AnNUAL
      3,392 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India's Congress pushing ahead with nuclear deal
      510 15 AFP Party courts other groups to counter left-wing threat to bring down coalition [NEW DELHI] India's ruling Congress party has decided to press ahead with a nuclear energy deal with the United States despite threats by its left-wing allies to bring down the
      AFP  -  510 words
    • Article, Illustration
      Lock icon India truck strike drives up food prices
      556 15 Reuters [MUMBAI] Truckstops across India were at a standstill yesterday as many lorry drivers nationwide staged a strike over rising fuel bills, raising fears that it could force up food prices and dampen commerce. The strike has been low-key so far striking truckers
      – Reuters; AFP  -  556 words
    • Article
      Lock icon China frees US businessman jailed for tax evasion
      223 15 Bloomberg [SHANGHAI] China freed Jude Shao, a US businessman sentenced to a decade in prison for tax evasion, after President George W Bush and Secretary of State Condoleezza Rice pressed for his release. Mr Shao was let out on parole on Wednesday
      Bloomberg  -  223 words
    • Article
      Lock icon HKEx to start gold futures trading
      183 15 Reuters [HONG KONG] Hong Kong Exchanges and Clearing (HKEx) will start the trading of gold futures on its wholly owned subsidiary, the Hong Kong Futures Exchange, on Oct 20 this year. The long-expected contract would be traded and cash-settled in the US dollar, which
      Reuters  -  183 words
    • Article, Illustration
      Lock icon Reliance Comm may opt for majority stake in MTN
      360 15 Reuters [MUMßAl] India's Reliance Communications Ltd, along with investors, including Middle East sovereign wealth funds, may buy a majority stake in MTN rather than merge operations as planned earlier, newspapers reported yesterday. A consortium controlled by Reliance Communications' Anil Ambani would
      Reuters; REUTERS  -  360 words
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      88 15 1 st Anniversary 1 to 31 July 2008 Guest Chef Yin Hai Feng, All China New International Cuisine Chef King of the Year 2008 from Grand Park Hotel Kunming, helms the kitchen of Park Palace, cooking up his prized I specialties. Award Winning Dishes f^P Pearl Treasures I^s 1 I
      88 words
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  • ASIA-PACIFIC / WORLD
    • Article
      Lock icon Oil soars to record above US$l45
      655 16 ■AP Prices lifted by drop in US stockpiles, threat of Iran war, comments that Saudi Arabia won't up production [NEW YORK] Oil soared to a record above US$l45 a barrel yesterday, fuelled by concerns over a larger-than-expected drop in US stockpiles and the threat
      ■AP  -  655 words
    • Article, Illustration
      Lock icon Zoellick calls for swift action on food, oil crisis
      494 16 ■Reuters [WASHINGTON] World Bank President Robert Zoellick on Wednesday urged swift action from the Group of Eight industrial nations and major oil producers to address a worsening global food and energy crisis pushing more of the world's people into poverty and
      ■Reuters; REUTERS  -  494 words
    • Article
      Lock icon Sacrificing growth for inflation
      328 16  -  LAN CAMPBELL By THERE is a risk inflation will "explode", says Jean-Claude Trichet, president of the European Central Bank. A day before the ECB's rate-setting meeting Mr Trichet could hardly be sounding the tocsin more clearly. The toxin of inflation must be countered, and fast. The
      328 words
    • Article
      Lock icon Limits to OTC clearinghouse in managing risk
      513 16 Reuters [LONDON] A plan to establish a central clearinghouse for major dealers in the US$62 trillion default swaps market would concentrate risk and could slow business growth, experts say, and alternatives exist. This complex and privately negotiated market has ballooned over the past
      – Reuters  -  513 words
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      392 16 ~Z I II <^ J IiHPI 1 B^» Institute of Estate Agents iseatersofa<77*®,7ocm) Reiaxchair Jjpf REVIEW 2008 ißli^S^ I»Z^ lEW;W''^§i Mgjf^N "INTERNATIONAL LOCAL" w^fca m I BW3KipSSBSpSBH ■«mmEBEw3 18 QBE 21 I .wi^gsti i*™**™^ copy from any i^^l^^^^S. M^J-^d"*'"^^ J" Spinelli outlet at ESSm _»-A-^^^"""^ #%Rl fc^Jß $5.50 and get
      392 words
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  • WORLD
    • Article
      Lock icon Tokyo should create 10t yen SWF: LDP panel
      411 17 Bloomberg It suggests using money drawn from pension reserves to boost returns [TOKYO] Japan should create a sovereign wealth fund (SWF) with 10 trillion yen (*****.8 billion) in assets using money drawn from the nation's pension reserves to boost returns, a ruling
      Bloomberg  -  411 words
    • Article, Illustration
      Lock icon Citi sees more ÜBS writedowns
      261 17 Bloomberg [ZURICH] ÜBS may post US$6.9 billion of additional writedowns and seek to raise more capital, Citigroup Inc said yesterday after ÜBS chairman, Peter Kurer told Swiss newspaper Finanz Wirtschaft on Wednesday that the Swiss bank will not need more funds. The Zurich-based company, which
      – Bloomberg  -  261 words
    • Article
      Lock icon Merrill may be forced to sell Blackßock stake
      487 17 Reuters [NEW YORK] MerriU Lynch may not want to sell its US$lO billion stake in top performing money manager Blackßock. But it may have no alternative. The No 3 Wall Street investment bank's other options to raise capital as it faces billions
      – Reuters  -  487 words
    • Article
      Lock icon UNIT TRUSTS & FUND
      8301 17 UNIT TRUSTS FUND AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.067/ AIGIF S'pore Bond Fund/A 1.315/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.91/ APS Alpha Fund (USD) 0.67/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9571/ APS Komaba Global
      8,301 words
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  • AVIATION
    • Article
      Lock icon Taiwan, China airlines seen gaining from direct flights
      841 18 Reuters Long term, unlimited direct flights would cost Cathay Pacific 10% of its profit [TAIPEI] Direct weekend flights between China and Taiwan starting this week are likely to give a boost to carriers on both sides of the Taiwan Strait at the
      ■ Reuters  -  841 words
    • Article
      Lock icon Continental to stand trial for Concorde crash
      329 18 AFP [CERGY, France] US Continental Airlines and two of its employees are to stand trial for manslaughter over the crash of an Air France Concorde in 2000 that killed 113 people, judicial officials said yesterday. A former French civil aviation official and two
      AFP  -  329 words
    • Article
      Lock icon Virgin seeks to block BA# American tie-up
      481 18 Virgin seeks to block BA American tie-up Bloomberg [LONDON] British Airways Pic's plan to form an alliance with American Airlines and Spain's Iberia would create a "mega-pow-er" on trans-Atlantic routes and should be blocked, competitor Virgin Atlantic Airways Ltd said. British Airways is still discussing a more extensive partnership with
      Bloomberg  -  481 words
    • Article
      Lock icon Ex-Airbus chief under probe for insider trading
      217 18 Reuters [PARIS] Former Airbus chief executive Gustav Humbert has been placed under formal investigation as part of a probe into allegations of insider trading at European aerospace group EADS, a Paris judicial source said on Wednesday. Mr Humbert, a German national, was released
      Reuters  -  217 words
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      Lock icon Air NZ raising fares on rising fuel costs
      238 18 Bloomberg [WELLINGTON] Air New Zealand Ltd, the nation's biggest carrier, will raise fares on domestic and international services a fourth time this year because of record jet fuel costs. Fares on domestic flights and services to Australia and the Pacific Islands will
      Bloomberg; FILE PHOTO  -  238 words
    • Article
      Lock icon AMR to take US$1.3b charge, cut 6,840 jobs
      397 18 AMR to take US$ 1.3b charge, cut 6,840 jobs Bloomberg [DALLAS] American Airlines parent AMR Corp will record costs of US$l.27 billion to reduce the value of parked aircraft and pay severance to workers who lose their jobs as it cuts flights in response to record fuel costs. AMR expects
      – Bloomberg  -  397 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2532 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,532 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Indian shipping companies see strong growth
      476 19  -  SIDDHARTH SKfVASTAVA Only state-owned Shipping Corporation of India bucked trend RUNAWAY crude oil prices are affecting Indian shipping companies for better or worse depending on whether they use oil for fuel or carry it as cargo. Overall, the industry did well in the financial
      BLOOMBERG FILE PHOTO  -  476 words
    • Article
      Lock icon Doosan may sell off assets to buy Daewoo shipbuilding
      291 19 Bloomberg [HONGKONG] Doosan Group, owner of South Korea's largest excavator maker, said that it may sell property and infrastructure assets to finance a bid worth US$3.5 billion to take over Daewoo Shipbuilding Marine Engineering Co, senior vice-president Lee Sang Ha at
      Bloomberg  -  291 words
    • Article
      Lock icon £3b navy deal creates 10,000 UK jobs
      222 19 -Reuters [LONDON] Defence chiefs signed a £3 billion (SsB.l billion) contract yesterday to build two aircraft carriers that will be the biggest warships in the Royal Navy's history, the government said. Defence Secretary Dcs Browne said that the project will create or safeguard
      -Reuters  -  222 words
    • Article
      Lock icon STX Group falls on funding concerns
      245 19 Bloomberg [HONG KONG] STX Shipbuilding Co, owner of Europe's No 1 shipyard, extended declines among group companies in Seoul and Singapore on concern that South Korea's plan to cool inflation may make borrowing funds for acquisitions difficult. STX Shipbuilding dropped 3 per cent to
      – Bloomberg  -  245 words
    • Article, Illustration
      Lock icon Damco in list of top 10 global freight firms
      332 19  -  VINCENT WEE [SINGAPORE] Damco, the freight forwarding arm of giant Danish line Maersk marked its first year of operation by making it to the list of the top 10 global companies in its area of expertise. It was driven by an
      332 words
    • Article
      Lock icon Wartsila buys Vik-Sandvik
      273 19 Reuters [HELSINKI] Finnish engineering group Wartsila has bought Norwegian ship design firm Vik-Sandvik for up to 170 million euros (***** million) to boost its competitive position, Wartsila said yesterday. The deal consists of an initial 132 million euros plus a performance-linked payment of up to 38 million,
      ■ Reuters  -  273 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.63 0.37 3.10 0.78 2.39 1.25 0.07
        106 words
      • Article
        Lock icon KLSE
        32 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 0.80 8.20 8.10 3.56 3.10 0.18 -0.03 -0.05 -0.15 -0.08 unch -0.01 194 167 306 1083 12 18
        32 words
      • Article
        Lock icon BANGKOK
        12 19 ■oo 'recious Ship Regional Cont .20.80 .16.50 -0.70 -0.80 799 774
        12 words
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        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont .38.00 ...1.89 -1.90 -0.07 843 2070
        11 words
      • Article
        Lock icon PHILIPPINES
        17 19 '000 Aboitiz Equity Intl Container Keppel Marine 6.20 28.00 unch -0.20 -1.00 unch 2509 2559 0
        17 words
      • Article
        Lock icon TAIPEI
        23 19 Evergreen Marine ...23.00 :irst Steamship 51.90 /Van Hai Lines 23.60 t'ang Ming Marine ..19.70 0.50 0.70 0.25 0.15 8 3 10 8
        23 words
      • Article
        Lock icon TOKYO
        40 19 '000 fen Kawasaki Hvylnd...275.00 1.00 ***** Kawasaki Kisen 963.00 -7.00 7772 Mitsubishi Hvy 490.00 -5.00 ***** Mitsui Eng&Sbldg ..318.00 -1.00 ***** Mitsui Osk Lines ..1420.00 -17.00 ***** Nippon Express 492.00 unch 3509 Nippon Yusen 968.00 -13.00 9128 Source: Reuters
        40 words
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      43 19 HORSE RACING INFO RESULTS (IN EMGUSH AND CHINESE) 1900-911-0001 Calls at $0,535 /minOndusive of GST) Callers below 18 years of age must get parental consent Customer Service Hotline: 6319 2333 This service is provided by SPH Interactive Marketing Services. VHP Singapore Press Holdings
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      47 19 SHAKE UP *OUK MDKf7inCF Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. kway chap y RADQO 100% PURE FUN rw{3 Local information, P*^^^/^ local content. --2^ I^l Find whatever you're B looking for in Singapore. I^_^B I
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  • EDITORIAL & OPINION
    • Article
      Lock icon Can technology ease business woes?
      477 20 WITH costs rising across the board and consumer demand stagnant or falling in many industries, it's crunch time for a growing number of businesses. You would think that anything that keeps costs down while maintaining or even improving business processes would be welcomed with open
      477 words
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      Lock icon When 'good' debts turn 'bad', things get ugly
      1260 20 A loan can be a positive affair but consumers need to leverage debt to their advantage By ALOK KUMAR TODAY'S uncertain economic outlook calls for consumers to think about what they actually need to spend to maintain the lifestyle they are accustomed
      ST/FILE PHOTO  -  1,260 words
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      Lock icon Asia regional fund needed before next fiscal crisis
      794 20  -  ANTHONY ROWLEY THERE is talk of a possible crisis in Asia once more as Vietnam and other emerging economies of the region battle with rampant inflation and deteriorating fiscal positions. Surging energy and food prices are at the root of the problem
      794 words
    • Article, Illustration
      Lock icon SGX should hive off clearing function
      797 21  -  JOY CHENG IVAN PNG Resulting independent unit can tap Singapore's reputation, communications set-up to become clearing capital of Asia By and THE Hong Kong Exchanges (HKEx) are worth US$l6.9 billion, a cool US$l.5 billion more than the NYSE Euronext. But, the value of shares
      JOHN HENG  -  797 words
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      Lock icon Travel is enriching if you're a presidential candidate
      1088 21  -  LEON HADAR THERE is nothing new about the notion of American politicians running for local, state and national office, including the White House, spending some time in their campaign visiting foreign locales, including those countries with which their voters maintain close cultural,
      REUTERS  -  1,088 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8655 22 Transaction date: Jul 3 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div GrYld Net lh Low Buyer Seller C'vr P/E MCap $mil Hi* Com[ >an] 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond
      8,655 words
    • Article
      Lock icon SGX XTRANET
      81 22 52-Wk Tel High Low Code Last Sale Vol C000) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi JJi! 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech US200d US6200 250 60 1000 1000 6097 IS MSCI Spore ***** *****
      81 words
    • Article
      Lock icon SGX CATALIST
      1940 22 Hii |h Low Code Comi >an' Sale C000) Hii Low Bu1 fer Seller C'vr P/E $mil 21 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s Afor 70.5 10 1524 s Alantac
      1,940 words
    • Article
      Lock icon CLOB INTERNATIONAL
      211 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      211 words
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      36 22 k A r^Jmmm. new royal oak in excellent shape Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED \B B ,gB 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      36 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      378 23 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 2 World Index Preliminan 961.8 -0.6 -15.0 -0.7 -17.5 -0.4 -12.7 EAFE Prel liminai 904.1 -0.8 -19.3 -0.7 -19.3 -0.4 -14.! Euro[ Preliminan 1217.5
      378 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 23 As at 9am Jul3 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2990 1.3140 Can dollar 1.3330 1.3480 Euro 2.1440 2.1690 Malaysian ringgit* 0.4155 0.4161 NZ dollar 1.0240 1.0460 Sterlini 2.6900 2.7190 US dollar 1.3500 1.3650 Local dollars to 100 units
      134 words
    • Article
      Lock icon INTERBANK RATES
      175 23 Jul 3 $S Offer Overnight 5/16 1-monfli 15/16 2-months 1 1/16 3-months 1 5/32 Overnight mode: 9/16 US$ Offer 3/16 13/16 15/16 1 1/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.55 2.65 2.85 2.95 3.20 3.35 3.55 Offer
      175 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 23 Jul3 STI IIMSCI Jul 350.9 355 351.3 "aiwan Jul 274.5 281.8 278.5 Source: MF Global (S) He. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jul 3 S! Bid Offer 1-month 1.3553 1.3571 2-months 1.3534 1.3553 3-months 1.3516 1.3535 6-months 1.3463 1.3484 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 23 Jul 3 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.3053 1.3075 0.9616 0.9621 Canadian dollar 1.3383 1.3401 0.9859 0.9861 Euro 2.1537 2.1565 1.5866 1.5868 NZ dollar 1.0307 1.0332 0.7593 0.7603 jterlini ind 2.7000 2.7036 1.9891 1.9894
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      360 23 Jul 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.070 ***** 96.535 0 0 ***** m 4006 EUROYEN FUTURES SepO8 99.135 99.135 DecO8 99.065 99.065 MarO9 98.970 98.970 JunO9 98.865 98.875B SepO9 98.800B DecO9 Mar10 Jun10 99.130 99.065 98.965A 98.860A 98.710A 99.135
      360 words
    • Article
      Lock icon SICOM FUTURES
      289 23 Jul 3 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct08 Nov 08 Dec 08 Jan/Mar 08 446.25 443.25 440.25 441.75 441.50 442.50 RSS 3 (US cents/kg) Month Hig g|i Low Sett Volume (tonnes) Open
      289 words
    • Article
      Lock icon CHICAGO BOT
      103 23 Jul2 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1645.75 1628.00 1648.50 1615.00 Aug 08 1639.50 1623.00 1641.00 1609.00 Sep 08 1632.00 1615.00 1636.00 1600.00 Nov 08 1630.00 1610.00 1633.00 1595.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 08 67.77 66.71 67.40 66.25
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 23 CRUDE OIL PRODUCTS Jul2 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 143.07 0.8 WTI (Near Mth) 144.14 2.72 Dubai (1-Mth F) 137.07 -0.23 Tapis blend 148.6 -0.15 Minas 144.85 0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 133.32 173.00 0.94 1.4 US$/barrel Opec Oil Basket
      75 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 23 Jul 3 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.976 6.591 0.606 7.501 41.629 88.586 1.021 10.071 3.141 1.266 66.945 43.716 1.306 7.563 0.976 29.229 32.083 0.484 0.962 Canada 1.025 6.757 0.621 7.690 42.674
      465 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      93 23 Jul 3 TREASURY BILLS Perioi Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****Z 02.10.08 1-Year BY*****N 04.05.09 0.45 0.77 0.3 0.3 0.88 0.7 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875
      93 words
    • Article
      Lock icon PRECIOUS METALS
      174 23 Jul3 GOLD (USS/oz) JulO2 JulO3 GOLD BULLION COINS (Sj) Sellini Bu Hong Kong London 937.20 939.60 938.20 930.60 Jul 01 Jul 02 942.40 939.20 943.40 940.20 Source: Reuters yjj; jciiinij puyinij ■foz 1430.59 1289 UBS GOLD LUNAR KINEBAR (Sj) Selling Buying 10gm $501.83 411 SILVER Selling Buying $501.83
      174 words
    • Article
      Lock icon SIBOR
      68 23 Jul 3 mth 2.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 2.***** 1.***** mths 2.***** 1.***** mths mths 2 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 3.***** 4yrs 3.***** 5yrs 3.***** 7yrs 4.***** 10yrs 4.*****
      68 words
    • Article
      Lock icon PALM OIL
      61 23 Jul 3 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Jul 08 3532 Aug 08 3605 Sep 08 3620 Oct 08 3628 Total o/p: ***** contracts 3570 3580 3500 3623 3623 3575 3635 3647 3592 3659 3659 3603 Turnover: 8439 Market tone:
      61 words
    • Article
      Lock icon LONDON METALS
      69 23 lul2\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 3153.20 3106.20 3 months 3200.00 3155.00 Copper, Grade A (US$/tonne) Cash 3 months 8900.00 8720.00 8793.50 8612.50 Lead (US$/tonne) Cash 1680.50 3 months 1705.00 1738.50 1765.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      78 23 Jul2\ COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1772 1795 1794/1768 SepO8 1721 1744 1743/1714 Dec 08 1686 1702 1702/1679 Mar 09 1649 1664 1663/1645 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2583 2565 2596/2563 SepO8 2534 2529 2551/2519 Nov08 2473 2475 2487/2455 Jan 09 2402 2403 2413/2387
      78 words
    • Article
      Lock icon BONDS & WARRANTS
      4107 23 BONDS WARRANTS rel Zode Com| Last Sale +orVol Conv Exer ('000) Ratio Price Disc Gear- Mths ing Left >am 10SS Advance Modules Grp W*****3 6 >036 AdvanceSCT Ltd W*****9 3 285 ArianeCorp Ltd W*****9 0.5 )092 Asia Environment W*****4 16 1481 Asia Water Tech Ltd W*****0 18.5 5816 Asiasons Capital
      4,107 words
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      2507 24 The Business Times Shipping Times V^l r WAN HAI INTERNATIONAL PTE LTD crnO:N69S92oooo/r W r^3 Ktffi ■:IJSiM^ftWtM»f»ii:giJlW[Jll.!JM.fl.lin %rTTt\ ■■>!■ ■■>■ mup* TEL:*****588 (KLINES) FAX:*****163 m W^7f"TAf7!^?V IKB|9S lilSWigaiaS \\M 1 WAN HAI INFX Cusloinei Servi« e /B»ol<ings Dii«l Line (1800) 6226)200 M A I t,*j.*^-l^ SBBBBBB iffffßlS V t!^V VV/HII
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      3232 25 RICKMERS-LINIE »-h «h,, flf^T EASTERN CAR LINER. LTD I fl) Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com 111 Mm I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I USA Service It l WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov "I SIN I ALT I HOU I NEW I JAX
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      5054 26 PSI H H H 19 HI 11 andersen *1:65-62 e :ss: I Tw^ glory navigation GRiiiipi ■»pRk.JH ISM Bfifl l^fl shipping company/ 70 Shentoii Way, #21-03 Marina House Singapore *****8 JMt ULUIII lift*lWt lIUH UllUUr W JPiilliJiiililffiiHiiiPWWl H| NORTH WEST EXPRESS LINE «&4fcllt»U*ls«WS'*l Mj»rj^jl MONTHLY SERVICE TO WESTERN AUSTRALIA AND
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  • PURSUITS
    • Article, Illustration
      Lock icon The pleasures of Austrian whites
      1049 27 WINE A welcome change from the übiquitous chardonnays, Austrian whites make admirable companions to Asian cuisines, even the spiciest, writes N X YONG AUSTRIAN whites are hardly seen here hardly in the wine shops and they are even more scarce on the wine lists of
      1,049 words
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      Lock icon Diablo 111 bets on proven formula
      654 27  -  CHRISTOPHER LIM GAMING By' FEW games have stolen as many months of people's lives as Diablo 11. The hack-and-slash action adventure game for PC is so addictive that men and women alike have found themselves furiously clicking their mice for hours on end, forgetting
      654 words
    • Article, Illustration
      Lock icon A riveting work filled with varied characters
      583 27  -  JOSEPHINE CHEW BOOK REVIEW By Bright Shiny Morning by James Frey HarperCollins Publishers Pages: 513 Price: 5532.95 (w/GST) Rating: B JAMES Frey, of A Million Little Pieces infamy, has come up with what his publisher calls his "first" fictional book not a strictly
      583 words
  • Page 27 Miscellaneous
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      328 27 CRYPTIC CROSSWORD I Horse race -it involved old 9 It affects the weather in a g—^ winter battle zone (4,5) I .II I 10 Beautiful French girl sound- I^H I^HI II Solicitor to go to work or de- I :^_^B cide not to join in (3,3) WU 12 HQ's file
      328 words
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  • ARTS
    • Article, Illustration
      Lock icon The message is in the details
      909 28 Self-taught Malaysian painter Chang Fee Ming tells CLARISSA TAN what appeals to him as an artist during his travels and what gives strength to his works T'S hard to imagine a more unassuming artist than Chang Fee Ming. He speaks of the limitations of
      909 words
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      Lock icon A music buffet with a focus on Bach
      836 28  -  CHRISTOPHER LIM By IF classical music fans felt short-changed at the just-ended Arts Festival, the 15th Singapore International Piano Festival which kicked off on Wednesday should more than compensate. Although classical music is a component of the Arts Festival, Mosaic Music Festival
      836 words
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      Lock icon 'Holy Grail' of banknotes on auction
      613 28  -  JAMIE LEE By FOR collectors of Straits Settlement banknotes, it's considered the "holy grail" the first $1000 bill of its kind produced in 1911 and worth as much as $400,000 today. And it's being auctioned off tomorrow in Singapore by London auction house Spink.
      613 words
  • Page 28 Miscellaneous
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      370 28 artsBEAT APB art prize sion. It's a perforALL good things come mance art Piece from beer-even art. mJ§. documented in video The inaugural Asia and Photo stffls- The Pacific Breweries artist immerses half (APB) Foundation of his body a metal Signature Art Prize suit that contains a has attracted 34
      370 words
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  • ENTERTAINMENT
    • Article, Illustration
      Lock icon Fails to get off the ground
      569 29 CINEMA Hancock turns into a major disappointment with very few redeeming qualities, says GEOFFREY EU HE'S faster than a speeding bullet and can leap tall buildings with a single bound, but the similarities with a certain red-caped superhero end there. The title character in
      569 words
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      Lock icon The winning formula behind the rise of The Fratellis
      486 29  -  BEN MUNROE CD REVIEW The Fratellis Here We Stand EMI/Universal Rating: B IT has been a little over three years since The Fratellis played their first gig in a pub, and they have come a long way since then, playing Glastonbury
      486 words
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      Lock icon Persuasive, though America-centric
      582 29  -  CHRISTOPHER LIM DVD REVIEW By MANY of you first encountered Leonardo DiCaprio on screen as a young Romeo in Baz Luhrmann's Romeo and Juliet, and later as the pretty boy hero of Titanic, but he's in earnestly serious mode in The 11th Hour as he presents the
      582 words
    • Article
      Lock icon A heady cinematic cocktail
      446 29  -  GEOFFREY EU IT may be blockbuster season out there but it's gratifying to note that a low-key, low-budget caper movie like The Bank Job has the ability to outshine much higher-profile competition. With a DNA that owes something to the gritty style immortalised in Brit flicks
      446 words
  • Page 29 Advertisements
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      594 29 tiiAJBWBBHH m^y^ ♦^^^Vl 545 Orchard Road «03-01 &r 1 Far E351 Shopping Centre > BPH PHP HUH RHVI Singapore *****2 »*,»pß ■JjT3jlrijTjH|£iin Te1:(65)*****516 J**X '■J*k& Fax: (65) 6235 1128 I kwok,singapore@pacific.net.sg I M^rTi W\ IZjJjA Charge 554,000 to your DBS PLATINUM P H a^L^ NTASY (HNLF) "slB9B* F'l lliidi HPI
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  • Article
    Lock icon Experience a feast of class
    756 30 SlA's culinary and wine panels include world-renowned professionals ALFRED Portale never wanted to be a chef. Instead, he started out initially with his heart set on being a jewellery designer. Call it kismet but as an aspiring jewellery artist, a collection of Portale's designs were
    756 words
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    Lock icon MOUTH-WATERING SIGNATURE DISHES AND PREMIUM WINES ON BOARD
    219 30 WHEN it comes to dining, there's no reason to compromise simply because you're in flight. Sample Singapore Airlines' World Gourmet Cuisine a menu of special and mouth-watering signature dishes designed by a panel of international award-winning chefs. Whether it's a taste of
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  • CLIPPER ROUND THE WORLD RACE
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      Lock icon Adventure nears its end
      892 31 The 10-month long event will be over with the race to Liverpool later today, reports VINCENT WEE THE last big face-off of the Clipper 07/08 Round the World Yacht Race ended last weekend with the lead group of New York, Qingdao and Hull and Humber finishing
      ONEDITION  -  892 words
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      2962 31 KEDA COMMUNICATIONS LTD. KEDA COMMUNICATIONS LTD. (Incorporated in Bermuda with limited liability) (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NQT|CE QF SpEC|AL QENERAL MEET|NQ NOTICE IS HEREBY GIVEN that the Annual General Meeting of Keda Communications Ltd. (the "Company") will be held at Amara Hotel Singapore,
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      65 31 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by ■mW'mi the Business Times Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
      65 words
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  • executive lifeStyle
    • Article
      Lock icon Exhorting graciousness
      518 32  -  jaime cc A FUNNY thing happened to me the other day: I was exorcised. It's not like I walked into my neighbourhood exorcism centre and asked for one, mind you. I was just minding my own business when I was jumped by two hooded figures who smothered me
      518 words
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      Lock icon Quest of the collectors
      1665 32 The Singapore Toy Comic Convention shows that men love their toys, which can come in varied forms, reports CHRISTOPHER LIM AS FAR as stereotypes go, the claim that men love their toys is among the more accurate. Last weekend's inaugural Singapore Toy Comic Convention illustrated this
      JOHN HENG  -  1,665 words
  • Page 32 Miscellaneous