The Business Times, 19 July 2008

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Microfilm: NL29428
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents a^* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007
    17 words
  • Article, Illustration
    Lock icon Art business paints itself into a corner
    825 1  -  JAMIE LEE Singapore art fairs struggle to keep pace with HK as sales stagnate, funding shrinks By [SINGAPORE] For the art business in Singapore, this is the year of living frugally. While art fairs in Hong Kong make a splash, here they are
    825 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 I COMP 1,105.04 -16.13 IIKKEI 225 12,803.70 -84.25 IANG SENG 21,874.19 +139.47 ;et INDEX 664.52 -5.45 JAKARTA COMP 2,141.14 -26.58 IANILACOMP 2,389.52 -4.10 ;eoulcomp 1,509.99 -15.57 ;henzhen B 459.51 +9.74 IUMBAI IND 13,635.40 +523.55 12N00NEDT Change )OW 11,461.14 +14.49 IASDAQ 2,285.59 -26.41
      43 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.496 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.65 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.352 (USS/SS per 1.992 2.694 :uro (USS/SS/E) 1.584 2.143 'EN 106.40 78.60 3.242 2.397 IK$ 7.798 5.766 !AHT 33.33 24.64 lUPIAH 9,152 6,767 lENMINBI 6.820 5.043 INDIAN RUPEE 42.85 31.68 1.030 0.761 IZ$ 1.311 0.969
      40 words
  • Article
    Lock icon Citigroup Q2 beats expectations
    645 1 It suffers USs2.sb loss on USs7.2b of writedowns and weak consumer division [NEW YORK] A year into the tight credit market and the losses keep coming. Citigroup said yesterday that it lost a smaller than expected US$2.5 billion, or 54 US cents a share, in the
    645 words
  • Article
    Lock icon Courts undercuts cards to offer credit
    584 1  -  CHOW PENN NEE By< [SINGAPORE] Retailers here are using increasingly innovative means to get customers to spend more by extending credit. Courts, the furniture and electronic goods retailer, is now ready to give even credit cards a run for their money by undercutting them.
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article, Illustration
      Lock icon A lottery with zero chance of winning?
      869 2  -  LEE U-WEN Scratch-and-win punters would like info on top prizes that have been won By [SINGAPORE] The next time you head over to your neighbourhood betting outlet to buy a scratch-and-win ticket, consider this: The chances of you winning even a single cent
      YEN MENG JIIN  -  869 words
    • THREE MINUTE DIGEST
      • Article
        Lock icon SPC, Chevron going ahead with green plant
        45 2 W■ fel WJ IV life SINGAPORE Petroleum Company and US oil giant partner Chevron are going ahead with their "green" gasoline plant expected to cost US$2OO-300 million at their joint venture, Singapore Refining Company. COMPANY NEWS, PAGE 4
        45 words
      • Article
        Lock icon New Lakeside to get new substantial shareholder
        62 2 APPLE juice maker New Lakeside Holdings will be getting a new substantial shareholder Shanghai-listed SDIC Zhonglu Fruit Juice Co, which has agreed to take a 24.57 per cent stake in the company for $12.25 million. The transaction values New Lakeside at $49.8 million,
        62 words
      • Article
        Lock icon Accountants not hankering for Big Four job
        46 2 PUBLIC accounting firms are no longer the default employer of choice for accountants here, says the latest study on the profession. It appears that many prefer to work as in-house accounting staff in companies instead. SINGAPORE NEWS, PAGE 8
        46 words
      • Article
        Lock icon CIMA Islamic finance course now in Singapore
        38 2 THE Chartered Institute of Management Accountants is offering a global qualification in Islamic finance to industry professionals the first such professional certification to be offered in Singapore. SINGAPORE NEWS, PAGE 9
        38 words
      • Article
        Lock icon Anwar won't give DNA sample: Keadilan
        53 2 MALAYSIA'S Opposition said yesterday that their leader Anwar Ibrahim, who is under investigation on sodomy charges, will not give a DNA sample for fear it could be manipulated. Mr Anwar spent a night in police custody this week after being arrested on the allegations.
        53 words
      • Article
        Lock icon Shenzhen bourse raps regulators
        29 2 The Shenzhen stock exchange has accused securities regulators of jeopardising market stability by intervening too much while failing to enforce rules. GREATER CHINA, PAGE 13
        29 words
      • Article
        Lock icon Moody's: Asian banks' losses from Freddie, Fannie limited
        41 2 THE threat of Asian banks suffering losses from holdings of Fannie Mac and Freddie Mac mortgage securities is "limited" and default risk is "miniscule", Moody's Investors Service said on Thursday. WORLD, PAGE 15
        41 words
      • Article
        Lock icon Merrill posts fourth straight quarterly loss
        55 2 MERRILI Lynch has reported a wider-than-forecast quarterly loss as the credit contraction saddled the company with US$9.7 billion of writedowns. Moody's Investors Service cut Merrill's credit rating and the firm's shares fell after it posted the second-quarter net loss of U554.65 billion, or U554.97
        55 words
    • Article, Illustration
      Lock icon MPA is most business-friendly govt agency
      391 2  -  OH BOON PING By [SINGAPORE] "Money, money, money. Always sunny. In the rich man's world So went Minister of State for Trade and Industry Lee Vi Shyan and some members of the ACE committee as they belted out the song Money, Money, Money before
      ARTHUR LEE  -  391 words
    • Article
      Lock icon Electronics sector in S'pore to come under ethical code
      581 2  -  SIOW LI SEN By [SINGAPORE] Singapore's electronics factories will soon come under scrutiny for their ethical practices, including for sexual harassment incidents, which have been hitherto not been under the spotlight. It's not that electronics companies here are known to be
      581 words
    • Article
      Lock icon Nip sexual harassment in the bud
      626 2  -  SIOW LI SEN SATURDAY SOAPBOX By! A WARE'S recent report on sexual harassment in the workplace brought back a rush of memories. I was the subject of unwanted attention, one bordering on the lobscene at my previous workplaces. When the topic was raised among
      626 words
  • Page 2 Miscellaneous
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Tireless champion of the poor
      2535 3 Gerard Ee rose to the challenge when he was asked to help restore public confidence after the NKF corruption scandal. He tells ANGELA TAN why he has dedicated 30 years of his life to charitable causes FOR many people, retirement is a time to reap
      ARTHUR LEE  -  2,535 words
    • Article
      Lock icon Raffles
      76 3 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SPC, Chevron to build green gasoline plant
      375 4  -  RONNIE LIM Ultra-low sulphur gasoline upgrading projected to cost US$2OO-300m By I SINGAPORE Petroleum Company (SPC), together with its US oil giant partner Chevron, are going ahead to build their "green" gasoline plant expected to cost US$2OO-300 million at their joint-venture Singapore Refining
      375 words
    • Article
      Lock icon ST Marine bags S$127.7m deal to build diving support vessel
      307 4  -  LYNN KAN By I SINGAPORE Technologies Marine (ST Marine) has secured a *****.7 million contract to build and outfit a diving support vessel (DSV) for a foreign customer registered in Singapore. The marine arm of Singapore Technologies Engineering (ST Engg)
      307 words
    • Article
      Lock icon A-Reit: Q1 distributable income of $52m
      421 4  -  EMILYN YAP By I ASCENDAS Real Estate Investment Trust (A-Reit) yesterday reported net distributable income of $51.8 million for the first quarter ended June 30, 2008 15.9 per cent higher than for the corresponding period last year. This follows a 19.6 per cent growth
      421 words
    • Article, Illustration
      Lock icon Boustead celebrates 180th birthday
      369 4  -  JAMIE LEE By BOUSTEAD Singapore struggled to survive the "politics of the day" of the Singapore-Malaysia divorce to evolve from a trading company into a global engineering firm that celebrated its 180 th anniversary yesterday. "With the independence of Malaysia and the breakaway of Singapore, the
      EDWIN KOO/THE STRAITS TIMES  -  369 words
    • Article, Illustration
      Lock icon STI gives up early gains, falls 0.6%
      548 4  -  CONRAD TAN STOCKS STOCKS here fell yesterday despite a solid start, reversing gains made on Thursday, as worries persisted over the uncertain economic and financial market outlook. Palm oil stocks were also hit by an analyst downgrade and an overnight drop in crude
      548 words
    • Article, Illustration
      Lock icon New Lakeside to get new substantial shareholder
      565 5  -  LYNETTE KHOO Shanghai-listed SDIC Zhonglu to take 24.57% stake for $12.2 m By APPLE juice maker New Lakeside Holdings will get a new substantial shareholder Shanghai-listed SDIC Zhonglu Fruit Juice Co after the latter agreed to acquire a 24.57 per cent stake in
      565 words
    • Article
      Lock icon Another management change at SNF as CFO resigns
      432 5  -  CHEW XIANG By SNF Corp chief financial officer Wong Chee Meng has resigned bringing to 11 the number of directors or members of senior management who to have left the Catalist-listed electronics firm in the past year. Mr Wong, who is leaving
      432 words
    • COMPANY BRIEFS
      • Article
        Lock icon Petrovietnam unit plans S'pore IPO
        69 5 Reuters [HANOI] State oil monopoly Petrovietnam's financial arm PVFC, 10 per cent owned by Morgan Stanley, plans to float shares on the Singapore Exchange later this year, the company said. The unlisted partly-private company said in a statement that it was also preparing to establish
        Reuters  -  69 words
      • Article
        Lock icon China Sun unit plans output halt
        94 5 Bloomberg CHINA Sun Biochem Technology Group Co, a Beijing-based maker of corn starch and other related products, said its ethanol-producing subsidiary is suspending output during the Beijing Olympics. Sky Bright (Shenyang) Ethanol Co will halt production for the duration of the Olympics until Sept
        – Bloomberg  -  94 words
      • Article
        Lock icon Yong Xin warns of lower profit
        97 5 YONG Kin International Holdings the China manufacturer of high-precision steel strips yesterday said it expects that its profit after tax for IH 08 will be substantially lower than the previous corresponding period. This was due to China being affected by an increase in international
        97 words
      • Article
        Lock icon Sunningdale expects loss for Q2
        122 5 SUNNINGDALE Tech Ltd an integrated precision plastic component supplier said it expects to report a loss for the second quarter ended June 30. The continued weakening of the US dollar affects the company's revenues, as revenues are denominated primarily in US dollars, while costs are
        122 words
    • Article, Illustration
      Lock icon KLW proposes rights issue to raise up to $3.54m
      272 5 KLW Holdings which makes timber flooring, system cabinets and wardrobes has proposed a one-for-two rights issue to raise net proceeds of up to $3.54 million. Each rights share will come with a free detachable warrant. Up to 129.7 million rights shares
      FILE PHOTO  -  272 words
    • Article, Illustration
      Lock icon Inter-Roller bags 2 airport projects worth $21m
      339 7  -  NISHA RAMCHANDANI First is in Canada's Calgary Airport, second in Ecuador's New Quito Airport By MAINBOARD-listed airport logistics systems manufacturer Inter-Roller Engineering has bagged two projects totalling more than $21 million at airports in North and South America. The first project, worth $13.5
      339 words
    • Article
      Lock icon Vietnam's Southern Bank plans 19% capital boost
      232 7 Reuters [HANOl] Vietnam's Southern Commercial Bank, 10 per cent owned by Singapore's United Overseas Bank, said it plans to issue shares to raise its registered capital by 19.3 per cent to 1.71 trillion dong (Ssl3B million). The bank said in a statement seen
      Reuters  -  232 words
    • Article, Illustration
      Lock icon LI HENG DONATES TO BULL RUN
      108 7 LI HENG Chemical Fibre Technologies is the latest Diamond Bull sponsor to contribute $100,000 to The Bull Charge 2008 for the first time. The Bull Charge 2008 is the fifth charity fun run that the Singapore Exchange has organised and the only charity fun
      108 words
    • Article
      Lock icon Wilmar, 101 lead fall in palm oil stocks
      447 7 Bloomberg [KUALA LUMPUR] Palm oil stocks including Wilmar International Ltd, the world's biggest trader of the commodity, and 101 Corp fell yesterday after CIMB Investment Bank Bhd cut its ratings on the industry, saying costs may rise and hurt profits. Wilmar was
      – Bloomberg  -  447 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      417 4 hold'ngs l i~m7 te d NATURAL COOL HOLDINGS LIMITED (Incorporated in Singapore on 19 July 2005) (Company Reg. No. *****9967G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Natural Cool Holdings Limited {"Company) will be held at 81 Defu Lane 10, Natural Cool
      417 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      214 4 ANYONE CAN EARN $10,000 EASILY HOMEY BACK GUARANTEE* TO HAKE SURE YOU SUCCEED &^^*dPj£ Special Benefits /The SUREST way to earn (10,000 with (10,000 Earning GUARANTEE' S3TCI /"ZERO" Payment for first 3 months* HP* tSSSSSL ANYONE can join.* Young old. No experience required "t"*"-' /Discover SECRETS to make Money almost
      214 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      125 5 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! li mewL To Zap: 1) Download Color
      125 words
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      Lock icon Page 5 Advertisements Column 2
      45 5 SOME RELATIONSHIPS I ARE TIMELESS I WITH YOU SINCE 1908 I *//l/l^^^ Bankofßaroda I m%Jr\JJ YEARS India's International Bank I banking with passion I Off-shore Branch 9 Raffles Place, Republic Plaza, #34-02 Singapore *****9 I Tel: *****749* Fax: *****454 Email: singapore@bankofbaroda.com Website: www.bankof baroda.com.sg I
      45 words
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      1048 6  -  LYNETTE KHOO Wilmar International July 18 close: $4.10 CIMB-GK, July 18 FOR the first time in three years, we are turning negative on the plantation sector. Given rising regulatory risks and a slowing earnings momentum, we can no longer justify the large PE premium accorded to the sector.
      1,048 words
    • Article, Illustration
      Lock icon African currencies attracting interest
      777 6 They offer higher yields as returns in Asia and Latin America start to shrink [NEW YORK] OST investors may still view Africa as the backwater of the foreign exchange world, but some are wading deep into the region's currencies in search of higher yields as returns
      BLOOMBERG  -  777 words
    • Article
      Lock icon JF Asset bets on coal over oil in Asia-Pac
      625 6 Reuters [HONG KONG] Coal shares in the Asia-Pacific region are a better bet than oil producers at current prices, given the risk of a further pullback in crude prices from recent record highs, a JF Asset fund manager said yesterday. Coal
      – Reuters  -  625 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      42 6 h-> c4^ L~x~ l o u> h nP RND THE ONES hrV 1 Recruit the right people through CATS Recruit. 1 3 v—t— p^ Call 1800 289 8822 or email V recruit@sph.com.sg to advertise. f* XTM r i^ V>^\ RECRUIT /^~> 13 <—J
      42 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      72 7 www.caringforcambodia.org presents THE VERY BEST OF UP CLOSE PERSONAL an exclusive intimate evening THE WORLD'S BEST SELLING JAZZ ARTIST MULTI GRAMMY WINNER. 13 MILLION RECORDS SOLD Date Saturday, 11 September 2008 Venue Marina at Keppel Bay Email corporate@kboasia.com just added! KUALA LUMPUR Date Thursday, 2 October 2008 Venue KLCC Plenary
      72 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Accountants not hankering for Big Four job
      361 8  -  MICHELLE QUAH Many prefer to work as in-house accounting staff in companies instead BY I PUBLIC accounting firms are no longer the default employer of choice for accountants here, says the latest study on the profession. Where once it was the norm for
      FILE PHOTO  -  361 words
    • Article
      Lock icon Drydocks World opens regional HQ here
      225 8 DRYDOCKS World, part of the Dubai World group of companies, announced the opening yesterday of its headquarters in Singapore. The formation of Drydocks World SE Asia brings together a range of shipbuilding, offshore rig construction and ship repair operations acquired in the recent purchase
      225 words
    • Article, Illustration
      Lock icon ACE lauded for encouraging entrepreneurship among youths
      396 8  -  LYNN KAN By ENCOURAGING enterprise and innovation should be done at a young age to better whet their "appetite for risk-taking" in order for Singapore to compete more effectively on a global stage, said Minister of State for Education and Ministry of Information,
      ARTHUR LEE  -  396 words
    • Article, Illustration
      Lock icon Fourth edition of ChildAid to be held in December
      248 8 CHILDAID, the annual charity concert which raises money for The Business Times Budding Artists Fund and The Straits Times School Pocket Money Fund, will return again this December. The event, now in its fourth year, is organised by The Business Times
      248 words
    • Article
      Lock icon So you think you can dance
      118 8 CONCERT organisers are looking for English-medium acts. Interested parties in the fields of music, dance or emceeing must be Singapore residents under the age of 19. Applicants must submit audition material in the form of a DVD, VCD or CD, as well as a
      118 words
    • Article
      Lock icon Blog launched for young S'poreans in China
      239 8  -  DIONDI TAN By SINGAPOREAN students on work attachments and internships in China will now be able to communicate and network with one another more quickly and iyBusiness China launched a Go East blog yesterday, for young Singaporeans working in China to find one
      239 words
    • Article
      Lock icon CIMA Islamic finance course now in S'pore
      507 9  -  LYNETTE KHOO Aim is to produce more qualified professionals to meet sector growth BY WITH an estimated US$l.3 trillion of global Islamic finance assets waiting to be tapped, educating financial professionals on Islamic finance has become paramount. To plug the knowledge gaps in
      507 words
    • Article, Illustration
      Lock icon Night party at museum
      227 9  -  ARTHUR LEE By THE National Musuem, Singapore Management University and Zouk have joined forces to put on an inaugural Night Festival over the next two weekends. And it promises to be an extravaganza of theatre, music, dance and visual arts in the heart of the city's
      ARTHUR LEE  -  227 words
    • Article
      Lock icon Exhibition highlights legacy of 2 major S'pore pioneers
      308 9  -  JOYCE HOOI By THE Legacy of Tan Kali Kee and Lee Kong Chian exhibition, which pays tribute to the stalwarts of early Singapore, was launched yesterday by Prime Minister Lee Hsien Loong. "We cannot recreate the unsettled circumstances that motivated people like
      308 words
    • Article
      Lock icon UE's Park Central @ AMK to sell for $490-500 psf
      371 9  - UE's Park Central AMK to sell for $490-500 psf ARTHUR SIM It has 'condo-style' fittings and finishes, expects a sell-out By UNITED Engineers (UE) has priced its Design, Build and Sell Scheme (DBSS) project Park Central AMK at an appealing $490-$5OO psf in an apparent bid to move units fast.
      371 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon MPA to help Jakarta with ferry safety training
        51 9 THE Maritime Port Authority of Singapore will help Indonesia's Directorate-General of Sea Transportation with training in ferry safety and mishap management, culminating in a table-top mishap exercise. The aim is to enhance the safety of the ferries servicing Singapore, Batam, Bintan and
        51 words
      • Article
        Lock icon Food vouchers from NTUC FairPrice Foundation
        51 9 NTUC Fair Price Foundation has presented $1.5 million of food vouchers to help needy families cope with the rising cost of living. The vouchers will be distributed through grassroots organisations. Last year, NTUC Fair Price Foundation contributed $1 million of vouchers in a similar
        51 words
    • Article
      Lock icon All retail sectors post higher profitability ratios in '06
      312 9  -  NISHA RAMCHANDANI By ALL sectors in Singapore's retail industry achieved higher profitability ratios in 2006 over 2005, the Retail Trade Survey 2006 revealed. The survey, which aims to provide an in-depth perspective of Singapore's retail trade, was carried out in 2007
      312 words
    • Article
      Lock icon Global banks want to grow wealth management ops in Asia
      407 9  -  GENEVIEVE CUA This is despite them going through consolidation phase By GLOBAL banks may be in a consolidation mode amid the current financial stress, but they are likely to be reluctant to downsize their Asian operations, said Wealth Management Institute
      407 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      126 8 The Straits Times The Business Times Online. The latest news. Any time, anywhere. 1^ pp=~~^B!' in, t>|lfflß inn: «J!-J v Au?lr kl4 i,kt(»«'-J'»* I"-'"' I Tus.Jumj I^mm I '.wirti*""*"") W WSaia I-C^ E 'V-"- ""'-Z-." "c, S. Previous day's k&r I Pnme rates by I The Business Times online subscription
      126 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      13 9 Lianhe Zaobao I Drawing much higher pay than the I nation's leaders I
      13 words
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      Lock icon Page 9 Advertisements Column 2
      78 9 Bid price starts from $2500 Bidding ends 11.59pm, 20 July 2008 Dimensions: (W)800mm x (H)1,798mm x (D)694mm Capacity of 542 L Features include Vitamin Factory, Soft Freezing Non-CFC Cooling In Deep Blue FREE delivery mftsubishi M^r" ELECTRIC iTJEfv,., Changes for the Better HOW TO ZAP: Download the software by sending
      78 words
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  • FOCUS: ECONOMY
    • Article
      Lock icon US slump won't lift until 2010
      776 10  -  PAUL KRUGMAN COMMENTARY What's needed is a bigger, better stimulus plan By OME prices are in free fall. Unemployment is rising. Consumer confidence is plumbing depths not seen since 1980. When will it all end? The answer is, probably not until 2010 or later.
      776 words
    • Article, Illustration
      Lock icon IMF raises global growth forecast to 4.1%
      703 10 -AFP [WASHINGTON] The International Monetary Fund (IMF) on Thursday slightly raised its growth forecast for the world including the United States, but said the global economy remains in a "tough spot" due to rising inflation amid a slowdown. World output is expected to
      -AFP; BLOOMBERG  -  703 words
  • Page 10 Advertisements
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      140 10 I I BW^Wjg^iWld big says YOURSELF! I fe^ I SUT nOTHCTC THAT SHE Wti'T HAfißtE!! (IN ENGLISH) I C*lT\/ HF Ji bbA t1 i^ I With just a birth date, mT' m?t V I |P s Tune in to the New Morning Show. OGt tO kflOW VOUT Shake Bake with
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  • FOCUS: COMMODITIES
    • Article, Illustration
      Lock icon Demystifying gold investing
      614 11  -  NEIL BEHRMANN By in London SLAVISHLY following oil, gold has rallied from around US$B5O an ounce in June to around US$955 now, and the market is again wondering whether it could again test US$l,OOO. Despite the continuing deterioration in the US and European financial systems and a
      PHOTOS: REUTERS, SPH FILE; Reuters  -  614 words
    • Article
      Lock icon Platinum falls as investors shift to gold
      350 11 Bloomberg Declining US demand for cars seen hitting market for platinum [TOKYO] Platinum fell in Asia and was headed for its worst week in four months as investors shifted to gold in a bet that declining US demand for cars will damp appetite
      – Bloomberg  -  350 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Anwar won't give DNA sample: Keadilan
      499 12 -AFP Party's deputy president says he fears sample will be manipulated [KUALA LUMPUR] Malaysia's Opposition said yesterday that their leader Anwar Ibrahim, who is under investigation on sodomy charges, will not give a DNA sample for fear it could be manipulated. Mr Anwar, a
      -AFP  -  499 words
    • Article
      Lock icon M'sia stocks drop to 19-month low, led by palm-oil producers
      317 12 Bloomberg [KUALA LUMPUR] Malaysia's benchmark stock index dropped to the lowest since December 2006 after the nation's second-biggest bank cut its ratings on palm-oil producers, and on concern political turmoil will drive foreign investors away. 101 Corp, Malaysia's No 2
      – Bloomberg  -  317 words
    • Article, Illustration
      Lock icon Indonesia's exhausted tin mines to go green
      466 12 Reuters [SINGAPORE] Indonesia's PT Timah the world's largest tin miner, is driving an ambitious environmental scheme to turn thousands of acres of exhausted mines into productive green areas, a company official said yesterday. Timah has a sprawling network of disused mines on Indonesia's
      Reuters; REUTERS  -  466 words
    • Article
      Lock icon Proton defends sale of Agusta for one euro
      240 12 -AP [KUALA LUMPUR] Malaysian carmaker Proton has defended selling for just one euro (Ss2.l) its stake in money-losing Italian motorcycle maker MV Agusta Motors which was bought by Harley-Davidson Inc last week in a multi-million-dollar deal. Harley-Davidson Inc acquired the company for
      -AP  -  240 words
    • Article
      Lock icon BURSA MALAYSIA
      2230 12 Jul 18 RM Cooo) A&M Realty 0.43 AbricBhd 0.14 Advance Synergy 0.09 Adventa Bhd 0.95 Ae Multi Hldgs 0.22 Win Holdings 1.70 Ahmad Zaki Resou 0.70 AicCorp 0.50 \irasia Bhd 0.92 Akn Technology 0.40 Alliance Financi 2.55 Aluminium Co 0.93 Amalgamated Ind 0.42 \mmb HldgsBhd 3.08 Amtel Holdings
      2,230 words
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      482 12 I 38&F I GLOBAL ARIEL LIMITED (Incorporated in the Republic of Singapore) (Registration N0.*****2032R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of GLOBAL ARIEL LIMITED (the "Company") will be held at Copthorne King's Hotel at 403 Havelock Road Singapore *****2 on Tuesday, 12
      482 words
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  • GREATER CHINA
    • Article
      Lock icon Shenzhen bourse raps regulators
      365 13 -AFP Watchdog's blanket measures disrupting market forces, says exchange [SHANGHAI] The Shenzhen stock exchange has accused securities regulators of jeopardising market stability by intervening too much while failing to enforce rules. In a rare outburst of criticism, a research report issued by the exchange, the smaller
      -AFP  -  365 words
    • Article
      Lock icon Beijing to bar some foreign entertainers
      311 13 AP [BEIJING] Foreign entertainers who have taken part in activities that China deems a threat to its sovereignty will not be allowed to perform here, according to new rules posted on Thursday on the website of the Ministry of Culture. The rules say that
      AP  -  311 words
    • Article
      Lock icon China Southern to cut pay of execs by 10%
      174 13 Bloomberg [SHANGHAI] China Southern Airlines Co, the nation's largest carrier, will cut the pay of chairman Liv Shaoyong and other executives by 10 per cent from this month to help offset jet-fuel costs that have almost doubled in a year. The
      Bloomberg  -  174 words
    • Article
      Lock icon H1 profit will fall 50%, warns Sinopec
      329 13 -AP [BEIJING] Chinese oil giant Sinopec says its first-half profit will fall more than 50 per cent from the same period last year due to government controls that limit its ability to pass on recordhigh crude costs to consumers. A Sinopec statement, dated
      -AP  -  329 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8407 13 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.003/ AIGIF S'pore Bond Fund/ A 1.325/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.87/ APS Alpha Fund (USD) 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9537/ APS Komaba
      8,407 words
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  • INDIA
    • Article, Illustration
      Lock icon Indian software firms report strong Q1 results
      539 14 -AFP However, they remain cautious amid uncertain US economic conditions [BANGALORE] Two of India's key software exporters, Wipro and Satyam Computer, posted high-er-than-expected first quarter results yesterday, but gave a cautious revenue outlook amid uncertain US economic conditions. The results came a week
      -AFP; BLOOMBERG  -  539 words
    • Article
      Lock icon UBS lops 21% off its year-end Sensex call
      252 14 Bloomberg [MUMBAI] ÜBS AG has cut its estimate for India's Sensitive Index by 21 per cent on concern that high commodity prices would prompt the central bank to raise interest rates to tame inflation. ÜBS lowered its December 2008 estimate for the
      Bloomberg  -  252 words
    • Article
      Lock icon Global rivals aim to end Daiichi deal: Ranbaxy
      156 14 Bloomberg [NEW DELHI] Ranbaxy Laboratories Ltd, India's biggest drugmaker, says some large global rivals are trying to scuttle Daiichi Sankyo Co's purchase of the company. "It's a struggle between generic cost-effective drug companies versus high-cost innovators," Ranbaxy chief executive Malvinder Singh told
      – Bloomberg  -  156 words
    • Article
      Lock icon SGX MAINBOARD
      8683 14 Transaction date: Jul 18 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii Coi 5716 1st Software 20.5 5.5 3148 STelecom 26.5 8 5834 A-Sonic 110 100 6389 ABF SG Bond
      8,683 words
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  • WORLD
    • Article
      Lock icon Moody's: Asian banks' losses from Freddie, Fannie limited
      323 15 Reuters Countries release statements to ease concerns about int'l exposure [NEW YORK] The threat of Asian banks suffering losses from holdings of Fannie Mac and Freddie Mac mortgage securities is "limited" and default risk is "miniscule," Moody's Investors Service said on Thursday.
      – Reuters  -  323 words
    • Article
      Lock icon Freddie Mac may sell US$10b of new shares to raise capital
      225 15 AFP [WASHINGTON] US mortgage giant Freddie Mac may attempt to raise capital by selling up to US$lO billion in new shares after its stock rebounded this week, the Wall Street Journal reported yesterday. The move under consideration could help
      AFP  -  225 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        59 15 VOLUME Golden Agri 38,810,000 MiddleEastD 31,828,000 Noble Grp 28,319,000 Yangzijiang 22,844,000 Sing Tel 21,141,000 Straits Asia 19,903,000 Wilmar 16,969,000 Abterra 16,676,000 China Hongxing 14,992,000 Gent Intl 14,903,000 Clob VALUE UOB 95,821,160 OCBCBk 77,707,830 Sing Tel 74,356,230 Wilmar 70,627,650 S I A 64,402,060 DBS Grp 62,760,170 Noble Grp
        59 words
      • Article
        Lock icon RISES
        107 15 CLOSE UP MH 3040 151.4 3.8 ir India Nift' 10 1280 46.0 3.7 IS MSCI India 100 580 33.8 4.5 ISH 1624 32.5 1.5 IK Land 410 13.5 2.5 ir China H 10US$ 1570 12.2 0.6 iCBCBk 814 10.0 1.2 I A 1516 10.0 0.7 iCBCBk MBLJCW*****0 237 7.0
        107 words
      • Article
        Lock icon FALLS
        125 15 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN Straits Trdi 588-159.0 -21.3 GLD 10US$ 9470 -64.9 -0.5 STX PO RB eCW081 202 24.5 -59.5 -70.8 DBS Bk6% NCPS 10 ***** -50.0 -0.5 Asia Pac Brew 1250 -30.0 -2.3 StraitsAsia 250 -28.0
        125 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 15 Up Down Unch 3 7 7 Up Down Unch 0 0 0 Up Down Unch 3 7 7 lulti Ind lanufacturini 31 93 49 15 34 99 Sommerce 11 26 23 13 33 29 itor/ Somms :inance 17 10 17 Sonstruction 11 11 '121 lotels/Rsts Services 20
      93 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 15 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 14,771 14,771 67,380 67,381 lanufacturini 197,645 48,461 246,106 228,477 2,804 231,281 Sommerce 71,603 18,742 90,345 113,730 5,820 119,551 )t/Stor/Comms 74,865 426 75,291 221,112 133 221,245 :i nance 38,544 25 38,569 308,887 308,893 Sonstruction 15,213 7,012 22,225 3,288 396 3,685
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      43 15 tod name lose tange lapitaLand 5.590 -0.090 !apil fev~ .osco .orp irp Jerri Ian fine" •pel .orp irp Stock name Close Change i lam 2.090 -0.080 lgg ■ngg Jeml .orp Jeml IaT >mg EaT leverage imar 'angzijiang 'affl 157(
      43 words
    • Article
      Lock icon BONDS & WARRANTS
      1399 15 BONDS WARRANTS rei lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left !036 Advance SCT Ltd W*****9 0.5 -2.5 1 1 87 338 40.00 25 1014 Capitaland BNP ECW*****8 17.5 -0.5 100 0.1 493 18 1015 Capitaland BNP ECW*****2 15 0.5
      1,399 words
    • Article
      Lock icon SGX CATALIST
      2066 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
      2,066 words
    • Article
      Lock icon SGX XTRANET
      72 15 52-Wk Tel Hiqh Low Code Last Sale Vol fOOO) Day ih Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E $mil Com \_tii 200 116 6065 Diamonds 6200 6200 6095 ISDJUSTech 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009
      72 words
    • Article
      Lock icon CLOB INTERNATIONAL
      69 15 52-Wk Tel High Low Code Last Sale Vol COOO) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil Comi >an< Hii 132.7 58 6000 AVJennings 20.5 4 6134 Over&Gen 60.5 17 6017 StarCruises 300 199 6019 TanChonglnt A58 A8 IIS17 IIK221 -1.5 6769
      69 words
    • Article, Illustration
      Lock icon Merrill posts fourth straight quarterly loss
      556 16 Bloomberg It reports net loss of USs4.6sb in Q2; results worse than analysts' forecasts [NEW YORK] MerriU Lynch, the third- biggest US securities firm, reported a wid-er-than-forecast quarterly loss as the credit contraction saddled the company with US$9.7 billion of writedowns. Moody's Investors Service
      Bloomberg; AP  -  556 words
    • Article
      Lock icon SEC to exempt market makers from new rule
      460 16 Bloomberg [WASHINGTON] The US Securities and Exchange Commission is poised to exempt market makers in stocks from an emergency rule aimed at preventing manipulation in shares of Fannie Mac, Freddie Mac and 17 Wall Street firms. The agency's staff, after conference calls
      Bloomberg  -  460 words
    • Article, Illustration
      Lock icon UBS to cease offshore banking services to US clients
      536 16 AFP [WASHINGTON] ÜBS bank vowed on Thursday to stop offering offshore banking services in the US after legislators accused it and other banks of helping wealthy Americans hide about US$l.5 trillion in overseas tax havens. Mark Branson, ÜBS's chief financial officer
      AFP; AP  -  536 words
    • Article
      Lock icon Construction code quirk lifts US housing starts
      394 16 ■NYT [WASHINGTON] Permits and groundbreakings for new homes unexpectedly rose in June after a downturn in residential construction, the government said on Thursday. But the gains came almost entirely from new apartment buildings in New York City, because of a quirk in the
      ■NYT  -  394 words
    • Article
      Lock icon Microsoft trims profit outlook, shares fall 6%
      394 16 Reuters [LOS ANGELES] Microsoft posted a quarterly profit and outlook below Wall Street expectations on Thursday, citing "tough" economic conditions, and its shares fell 6 per cent. The software maker, which is locked in an on-again, off-again pursuit of Yahoo, said its cur-rent-quarter
      – Reuters  -  394 words
    • Article
      Lock icon AMD loses US$1.19b in second quarter
      241 16 Bloomberg It reports wider loss after writedown of ATI purchase [SAN FRANCISCO] Advanced Micro Devices, the second-largest maker of personal-computer processors, reported a wider loss after writing down the value of its ATI Technologies Inc purchase by US$BBO million. The second-quarter net loss expanded
      – Bloomberg  -  241 words
    • Article
      Lock icon IBM beats forecasts, posts 22% rise in Q2 profits
      352 16 Reuters [BOSTON] IBM reported a 22 per cent rise in quarterly profit, blowing past Wall Street targets and raising its 2008 forecast, as emerging markets used its services, software and equipment to expand, and larger countries turned to technology to save
      Reuters  -  352 words
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  • MOTORING
    • Article, Illustration
      Lock icon Shark fin and other German GP delights
      556 17  -  SAMUEL EE F1 WATCH A novel engine cover design, heated visor-equipped helmet and new brake energy technology to feature at tomorrow's race By SHARK fins will make an appearance at tomorrow's German Grand Prix. But before you express outrage, call Peta (People for
      AFP  -  556 words
    • Article, Illustration
      Lock icon S is for special
      688 17 On ordinary roads, the car handles perfectly. It is neutral in corners and enthusiastic on the expressways, yet highly manoeuvrable in tighter situations. The six-speed tiptronic-style gearshift also has steering wheel paddles. I =^J The new Audi S5 is a design masterpiece, with its intoxicating V8
      688 words
    • Article, Illustration
      Lock icon The return of Renault
      462 17  -  SAMUEL EE By RENAULT is finally going to rev up its model line-up in Singapore and take off with tyres smoking, after having remained in Park for what seems like an eternity. First up will be the New Laguna, which could debut here as early as
      462 words
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  • GOLF
    • Article, Illustration
      Lock icon Winning in their mature years
      1608 18 Mental strength, fitness and experience are some of the factors that help pros capture titles in their 40s, reports JUSTINE MOSS PROFESSIONAL athletes have to deal with retirement at some stage in their lives, usually when they exceed their competitive sell-by date. Golf, however, is
      AFP, AP, REUTERS  -  1,608 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      482 18 Wilie&dilie with weekendßT Mezeßar Two Temasek Boulevard 6 Baffles Boulevard, Marina Square 333 Orchard Road, Meritus Mandarin Singapore, Td: 6m ml Peach Blossoms Weekend Dim Sum A La Carte Buffet Coleman s Cafe Grand Tower Level 2, Tel: 6831 6286/88 Experience a world of palatable pleasures from the On afternoons
      482 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Healing with the sun
      674 19 With the advancement of science, we're seeing more therapies go the do-it-yourself route. CHEAH UI-HOON checks out a couple of the latest 'home' treatments which harness new understandings of science so that you soon won't leave home without them BLOCKING out the harmful effects of the
      674 words
    • Article, Illustration
      Lock icon Help tissue recover fast, reduce pain
      656 19 BACK in the *****, the US National Aeronautics and Space Administration (NASA) started using magnetic fields to treat muscular atrophy in astronauts returning from space, where muscle mass is lost with the absence of gravity. NASA filed a patent for it, which lasted some
      656 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      65 19 "^:'-^*^*^'»''l[BB J^r S GEOX 1 BREATHES Q uj INTERNATIONAL PATENT combining a microperforated rubber sole and the breathable ;g--rjT^ waterproof membrane, the Geox system lets foot perspiration go out through the sole thus keeping your feet dry and healthy. GEOX SHOPS: MARINA SQUARE #02-128 SUNTEC CITY MALL #02-047 GREAT WORLD
      65 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Carpets for 'new age' homes
      1010 20 Traditional carpets are giving way to contemporary yet hand-knotted pieces that suit the interiors of today's modern homes. CORINNE KERK finds out how dealers are catering to the demand T used to be that carpets were regarded as little more than dust traps unnecessary in
      YEN MENG JIIN  -  1,010 words
    • Article, Illustration
      Lock icon Where to find your dream weave
      324 20 MANY carpet merchants now carry hand-knotted carpets with contemporary designs, so be sure to shop around to find your dream weave. Alternatively, pay a premium and have a carpet hand-knotted according to your specific design and choice of colours. While the possibilities are endless,
      324 words
    • Article, Illustration
      Lock icon 30-carat square rock star of Cartier exhibition
      429 20  -  CAT ONG By IT is no secret that among the magnificent million-dollar jewellery that the late Richard Burton gave to Elizabeth Taylor during their tempestuous on-and-off-again marriage was a single eye-popping diamond, the size of his knuckle. It had come from Cartier and
      429 words
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  • TRAVEL
    • Article, Illustration
      Lock icon A glorious Russian tradition
      1122 21 A visit to the circus would be a great way to round up your visit to Moscow, the capital, says SHER-YEN WEE VERYBODY loves a circus. Or at least they used to, in an era before You Tube, the iPod and World of Warcraft changed the
      UDITSHARMA  -  1,122 words
    • Article, Illustration
      Lock icon High-tech glory of Terminal 5
      637 21  -  CHEAH UI-HOON By HEATHROW'S Terminal 5 is fine now, really. No hold-up for your bags, and the terminal is quite well sign-posted with all amenities in full swing. Call it perverse curiosity, but with so much bad press when it first opened in March, one
      637 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      205 21 CRYPTIC CROSSWORD ACROSS 13 I 114 I i 116 28 Draw old friend (9) 29 Cack-handed at home, the h d |ake last to use drill (5) t a, V\ 14 AH Ireland captivated by arty YESTERDAY'S SOLUTION 7 type, a dancer (9) Across: 1 Impact, 4 Campsite, 9 1
      205 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon The pastry scientist
      706 22  -  Geoffrey Eu Tiramisu, lava cake and creme brulee may still dominate dessert menus in most Singapore restaurants but some pastry chefs are pushing boundaries, challenging conventional notions of dessert and dispensing with the mundane in favour of something different. BT Weekend makes some sweetly exciting discoveries DESTE
      ARTHUR LEE  -  706 words
    • Article, Illustration
      Lock icon Carving a successful career in pastry world
      463 22  -  Geoffrey Eu ONE ROCHESTER One Rochester Park. Tel: 6773-0070 1 Twenty Six, 902 East Coast Park, #01-26 Playground @Big Splash. Tel: 6348-2126 LIKE any aspiring young chef whose parents have preconceived notions about a career in the culinary field, Karen Carlotta encountered a
      463 words
    • Article, Illustration
      Lock icon A chef's skill in pastry and sugar art
      749 22  -  Jaime Ec CANELE #01-01 A Shaw Centre. Tel: 6738-9020 EVER since it opened on Thursday, a now-familiar sight is played out at the street entrance of Canele's newest outlet at Shaw Centre. People walk past and do a double take, as if
      YEN MENG JIIN  -  749 words
  • Page 22 Miscellaneous