The Business Times, 22 July 2008

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Microfilm: NL29428
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, July 22,2008
    21 words
  • Article
    Lock icon Govt won't rule out legalising kidney trade
    680 1  -  LEE U-WEN Proposes major changes to facilitate organ transplants By [SINGAPORE] The government is planning to amend the Human Organ Transplant Act (Hota) in an effort to allow more people to undergo transplants. This includes scrapping the age limit of 60 years for
    680 words
  • Article
    Lock icon Investment banks see fees dry up as fund-raising slows
    818 1  -  CHOW PENN NEE Rise in M&A activity offers only bright spot; equity capital markets worst hit By [SINGAPORE] They wiU never be called poor, but investment bankers have seen their fees decline as the economic climate worsens. Their bread-and-butter activities like
    818 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 loni lay lange 1 COMP 1,103.48 -1.56 IIKKEI225 Closed IANG SENG 22,532.90 +658.71 ;et INDEX 687.30 +22.78 JAKARTA COMP 2,195.07 +53.93 1ANILA COMP 2,416.62 +27.10 ;eoulcomp 1,562.92 +52.93 ;henzhenb 464.80 +5.29 IUMBAI IND 13,850.04 +214.64 12N00N EDT Change )OW 11,434.61 -61.96 IASDAQ 2,271.56 -11.22
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    • 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$) 1.351 (US$/S$ per 1.992 2.691 iURO (US$/S$/E) 1.587 2.144 'EN 106.60 78.90 3.238 2.397 IK$ 7.798 5.772 !AHT 33.32 24.66 LUPIAH 9,155 6,777 LENMINBI 6.830 5.056 INDIAN RUPEE 42.74 31.64 1.026 0.759 IZ$ 1.315 0.973
      40 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      93 1 CORPORATE NEW CEO Cdl PROPERTY BE INSPIRED RESULTS EDB chief to head c J^l Johor's Horizon Hills Zap for daily inspiration. Qian Hu: Q2 profit Keppel's new unit m fe> attracts foreign buyers Win a Zegna Sports up 31% PAGEB PAGE 4 M m BACKPAGE Gym Kit! PAGE 11 HI
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      18 1 SMEIncBWT Emerging opportunities j4 abroad page 12 SME Voices: How to attract, develop and retain talent PAGE 13
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  • TOP STORIES
    • Article, Illustration
      Lock icon Asean to break step with slow members
      468 2  -  ANNA TEO ASEAN MINISTERIAL MEETING It will implement its charter without waiting for each member to ratify it By [SINGAPORE] In the face of pressing global financial and economic challenges, Asean has decided to go ahead with implementing its charter without waiting for
      AP  -  468 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Banks struggle to plug money laundering
        62 2 BANKS here are still finding it a challenge to stop money being laundered through customer accounts despite two years of cleaning up. In some cases, customers are unwilling to provide proper documentation. In others, their funds come from jurisdictions with banking secrecy or data
        62 words
      • Article
        Lock icon US-listed firm makes offer for Bright World
        79 2 A US-LISTED special purpose acquisition vehicle is proposing to buy up mainboard-listed Bright World Precision Machinery in a part-shares, part-cash deal that values the latter at at least US$263 million. In the best case scenario, the deal could be worth as much as
        79 words
      • Article
        Lock icon Metro sues directors of M'sian associated company
        62 2 METRO Holdings has filed two suits in Malaysia's High Court against unnamed directors of Gurney Plaza an associated company that sold the eponymous retail mall in Penang to property giant Capita Land last August for $336.8 million. Metro said the cause of action
        62 words
      • Article
        Lock icon Buffett's wrong, US not in recession: fund manager
        99 2 LEGENDARY billionaire investor Warren Buffett has got it wrong. So has Morgan Stanley Asia chairman Stephen Roach and GIC group investment officer Ng Kok Song, says Tan Teng 800, the owner of small fund company Capital Dynamics. The US is not in
        99 words
      • Article
        Lock icon US economists less bearish but still see low GDP growth
        91 2 THE US economy may have avoided a recession but will grow below trend for some time as firms face higher prices for a range of goods that will cut into profits, according to a panel of economists surveyed. Economists in
        91 words
      • Article
        Lock icon Malaysia needs stability, clear policies: Daim
        72 2 MALAYSIA'S former economic czar Daim Zainuddin has suggested that Prime Minister Abdullah Ahmad Badawi put together contingency plans to better manage the economy which is headed for tougher times and to prepare Malaysians for the worst. Describing the current mood as bearish, he alluded
        72 words
      • Article
        Lock icon HK inflation hits 4-month high in June
        51 2 HONG KONG'S inflation accelerated last month to the fastest pace in four months as food and energy costs climbed. Consumer prices rose 6.1 per cent from a year earlier, the government said yesterday, after gaining 5.7 per cent in May. GREATER CHINA/INDIA, PAGE
        51 words
      • Article
        Lock icon Johor's Horizon Hills attracts foreign buyers
        57 2 WITH a golf course set within a residential township, the resort-style Horizon Hills in South Johor is attracting considerable overseas interest more than 60 per cent of buyers in launched precincts are foreigners. Developer Gamuda Land noted that Singaporeans make up more than half
        57 words
    • Article
      Lock icon Banks struggle to plug money laundering
      574 4  -  SIOW LI SEN They find it hard to verify beneficial owners, crack down on suspicious deals By [SINGAPORE] Banks here are still finding it a challenge to stop money being laundered through customer accounts despite two years of cleaning up. In some cases, customers
      574 words
    • Article
      Lock icon Jade has permit: West Sumatra governor
      544 4  -  CHEW XIANG Firm has in-principle approval valid for 2 years from June 20 By [SINGAPORE] The governor of West Sumatra has issued a statement refuting a report in The Business Times that Catalist-listed Jade Technologies may not have all the permits it needs for
      544 words
    • Article
      Lock icon Top Goldman exec to advise Paulson
      170 4 ■Reuters [BANGALORE] Goldman Sachs Group Inc's Ken Wilson will temporarily leave the firm to advise US Treasury Secretary Henry Paulson on how to resolve the country's banking crisis, the Wall Street Journal said, citing people familiar with the matter. Goldman's most senior financial-institu-tions banker,
      ■Reuters  -  170 words
    • Article, Illustration
      Lock icon Ko Kheng Hwa to leave EDB for Keppel on Aug 1
      420 4  -  LYNN KAN By [SINGAPORE] Economic Development Board managing director Ko Kheng Hwa is joining Keppel Corporation as chief executive officer of its new sustainable development and living business division. Mr Ko will be stepping down from his EDB post
      420 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      552 2 Fixed Income Capital Market Products Dates The evolution of pedestrian bond structures into more fanciful structures and hybrid 21-22 August 2008 securities, designed to entice investors and issuers alike, continues in response to 9 00am to 5 00pm market perceptions and needs. To make sense of the bewildering array of
      552 words
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      Lock icon Page 2 Advertisements Column 2
      60 2 CEO Forum 2008 *M i#fll<£ *H«^L^:^^#^mWdr Mr u^zttmm^u Japan Airlines., Philips-, Kodak., USA 3Saaaiaa\\ I Alcatel, K^-Jpji^, 3M> ABB> APP> UPM> 1 > lIIR> Siemens, Motorola, ®H >" t 1 SUN S«*H, #**B, MWffi imV> l #> »ac*H> *4^?l*> «sn*is, h*^lit *»Jtß*^, +i^^^, ftfl* T FEDERATION H^, Enterprises Association (Singapore)
      60 words
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  • Page 3 Advertisements
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      1058 3 A special feature brought to you by j^lßfej i\j a IMV aMf Ljfc^&l TECHNOLOGICAL Xssy UNIVERSITY fi Shooting zm. Mb f°r stars 1 \}m M^t* 1 graduates tell Shaira Lye how their experience I j M M 'Jsl at the university teaches them that the sky's the limit XJ imsM\
      1,058 words
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  • Page 4 Advertisements
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      180 4 BUILDING FUTURES One success story at a time How do I increase the f vK value of my finance career? 'm\ WE HAVE THE PLAN I I The Kaplan Business Challenge 5- 6 Aug Technical Competence for 18 -20 Aug I Experience the Real World Private Bankers Wealth Managers M
      180 words
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      129 4 B^ffffH^ffiWjjyHfhß H^^^wS Our <lualified professionals tttf/A /J# BBMBMvTWffPTWWTnfTffJ can assist y°u with offsnore ETVfIHfIIMIjpMKpiPPI^VPpVH structures, shelf companies W'/ J E£C£yUn£^fiyK£L£££££UK££KfiLfAC£yfl and incorporations in ALL W^ffiflß^^^MflfflNL W^ jurisdictions including: ..^M I^^^^^^^BQHlBB rAl*]3 Britishvir9inlslands KB^^^fflMJjfflflßßfflßlJnFßJTSHß^^K^^H I Cayman Islands r^^^BJEaHBaj^SEujEEEjISJE^BS^BI I *Banamas I WJ^^^EHE23H3^H3ESEim^^3^B I Seychelles Lir4^| H^m^£^^^^^D|d^| Hongkong ki^^Q^S^Sl^^H^^^^H^ Samoa L^l^^a^TM^fflrOnßß Full
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon New float in Temasek property fleet?
      649 5  -  KALPANA RASHIWALA BT RECENTLY reported that Mapletree Investments is ready for an initial public offering (IPO) at least, in terms of the business profile and track record it has achieved although any decision on this score will rest with its board and shareholder, Temasek
      BLOOMBERG  -  649 words
    • Article
      Lock icon Sembmarine unit wins US$220m rig contract
      224 5 Egyptian Drilling's second jack-up rig order for PPL SEMBCORP Marine subsidiary PPL Shipyard has won a deal from repeat customer Egyptian Drilling Company (EDC) to build a jack-up rig with a contract value of US$22O million. Scheduled for delivery in mid-2010, the rig is
      224 words
    • Article
      Lock icon US-listed vehicle proposes to buy Bright World
      404 8  -  CHEW XIANG Part-shares part-cash deal is worth USs263m to USs4o4m By A US-LISTED special purpose acquisition vehicle is proposing to buy up main-board-listed Bright World Precision Machinery in a part-shares, part-cash deal that values the latter at at least US$263 million. In the
      404 words
    • Article
      Lock icon Bio-Treat plans business trust
      571 8  -  LYNETTE KHOO Move to unlock value and to fuel business growth BY 810-TREAT Technology is following in the footsteps of Singapore's Hyflux Ltd, with plans to set up a business trust to contain waterrelated infrastructure assets. Confirming an earlier BT report that one of the options
      571 words
    • Article, Illustration
      Lock icon Qian Hu swims ahead with 31 % rise in Q2 net
      345 8  - Qian Hu swims ahead with 31 rise in Q2 net JAMIE LEE By ORNAMENTAL fish exporter Qian Hu Corporation yesterday reported a net profit of $1.51 million for its second quarter ended June 30, up 30.6 per cent from a year earlier. It expects sales and profit to increase in
      FILE PHOTO  -  345 words
    • Article
      Lock icon Cosco Corp names non-exec director as new chairman
      228 8 COSCO Corporation (Singapore) has named Li Jian Hong, currently a non-ex-ecutive director of the company, as its new chairman. He replaces Wei Jia Fu, 58, who will step down as chairman and non-executive director today. Mr Wei, or Captain Wei as he
      228 words
    • Article, Illustration
      Lock icon MapletreeLog banking on rights issue
      352 9  -  EMILYN YAP Move will enable the company to boost capacity for acquisitions By A RIGHTS issue will boost Mapletree Logistics Trust's capacity for acquisitions, but the trust will only selectively take on deals that are highly accretive. "While we remain committed to our yield plus
      FILE PHOTO  -  352 words
    • Article
      Lock icon Metro sues associated firm's directors
      385 9  -  CHEW XIANG It claims monies had been paid without authorisation By METRO Holdings has filed two suits in Malaysia's High Court against the directors of Gurney Plaza Sdn Bhd an associated company that sold the Gurney Plaza retail mall in Penang to property giant Capita
      385 words
    • Article
      Lock icon TAC's Q2 profits triples on one-off gain
      317 9 Reuters [BANGKOK] Thailand's Total Access Communication PCL (TAC) said yesterday its second-quarter net profit nearly tripled due to a one-off gain, although it was slightly below analysts' forecasts. The country's second-largest mobile phone operator cut its 2008 revenue growth forecast to the middle
      Reuters  -  317 words
    • COMPANY BRIEFS
      • Article
        Lock icon NOL moves 8% more cargo in June
        86 9 Reuters NEFTUNE Unent Lines ;NOL), the world's seventh-biggest container shipping firm, carried 8 per cent more containers in the four weeks to June 27 compared with a year aarlier, the company said yesterday. NOL's shipping arm moved the equivalent Df 201,000 40-foot containers
        – Reuters  -  86 words
      • Article
        Lock icon Excelpoint to report net loss in Q2
        62 9 EXCELPOINT Technology Ltd yesterday warned that it would report a net loss for the second quarter of the financial year ended June 30, 2008 compared with a net profit of US$3OO,OOO a year ago. Excelpoint said its performance in Q2OB was affected by
        62 words
      • Article
        Lock icon Pacific Healthcare opens Vietnam office
        84 9 PACIFIC Healthcare Holdings Ltd is extending its reach into Vietnam with the opening of its representative office in Ho Chi Minh City. This will be the company's second representative office in the region. The group said it already has a significant number of Vietnamese patients
        84 words
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      Lock icon Page 5 Advertisements Column 1
      4 5 Jr. 81 I^SPRING/J JuChunYuan
      4 words
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      Lock icon Page 5 Advertisements Column 2
      476 5 /fft^A Get y°ur Rabobank Warrant lO ifll Highlights daily via email. W~ Visit www.rabowarrants.com.sg or 4j*jiyfljrfMj* BJa 0y emailwarrants@rabobank.com WQ&fflMWwj^t COSCO CORP RB ECW*****6 (F7YW) SIA RB ECWOBI2IB (FOGW) COSCO CORP SINGAPORE LTD Call SINGAPORE AIRLINES LTD Call Exercise Price 553.20 Exercise Price S$ 15.80 L Expiry Date 26 December
      476 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI starts week with 2.5% jump
      535 6  -  CONRAD TAN STOCKS Property stocks take the lead as both blue chips and broader market rally STOCKS here and around Asia started the week with solid gains yesterday, after a rally in blue-chip stocks and in the broader market. The Straits Times Index (STI)
      Bloomberg  -  535 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 3 4 0 0 0 8 3 4 lanufacturini 61 42 61 11 70 46 72 Lommerce 25 17 17 30 23 19 'pt/Stor/Comms 24 10 24 11 :inance 20 20 Lonstruction 'roperties 22 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 18.761 18.761 82.305 82.305 lanufacturing 208.815 34.600 243.415 164.991 2.602 167.593 lommerce 66.304 13.284 79.588 57.732 4.239 61.971 )t/Stor/Comms 71.218 371 71.589 231.858 92 231.950 :i nance 47.775 47.775 419.501 419.501 lonstruction 18.376 2.339 20.715 3.368 199 3.568 'roperties
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 6 CapitaLand 5.870 4-0.280 CapitaMal 3.150 4-0.080 CityDev 10.860 4-0.340 Cosco Corp 3.120 4-0.090 IBS Grp 19.180 4-0.520 :&N 4.480 4-0.090 Sent Intl 0.575 4-0.015 IK Land 4.200 4-0.100 ISH 17.000 4-0.760 lardineC&C 16.400 4-0.380 Ceppel Corp 10.780 4-0.180 Ceppel Land 4.900 4-0.260 IOL 3.220 4-0.100 loble
      106 words
    • Article
      Lock icon BROKERS' TAKE
      429 6  -  JOYCE HOOI Ascendas Reit July 21 close: $2.20 DMG Partners Securities, July 21 INCREASED acquisitions boost Ql FY2009: Ascendas Real Estate Investment Trust (A-Reit) recorded a 19.6 per cent y-o-y and 9.6 per cent q-o-q gain in gross revenue to $92.5 million in Ql FY2009, on the back
      429 words
    • Article, Illustration
      Lock icon STI rebound looks likely to be short-lived
      204 6  -  KEN TAI CHEE MING, CHART POINT THE Straits Times Index (STI) fell below our target of 2,832 to 2,819, and then rebounded as expected. To recap, global markets went into a tailspin last week over concerns that Fannie Mac and Freddie Mac may
      Bloomberg  -  204 words
    • Article, Illustration
      Lock icon Focus shifts away from direct US$ positioning
      527 6  -  LARRY WEE CURRENCIES IHE US dollar continued to enjoy some support yesterday from news of higher US equity prices and weaker oil prices last week. But with more big names like the Bank of America and Wachovia Bank due to report their earnings
      : Reuters  -  527 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 6 Jul 21 CLOSE VALUE BT OB/OS -620.00 -34.0 BT CADI -*****.00+113.0 BT 10-day MA -*****.00 -62.00 FTSE ST Mid Cap 698.69+10.22 FTSE ST Small Cap 567.18 +2.32 FTSE ST All Share 729.96+15.02 FTSE ST China Top 411.83 +5.97 FTSE ST China 402.11 +4.12 UOB Catalist 130.02 +0.38
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME JiutianC 32,773,000 DBS MBI_eCWOBI2O3 28,010,000 Sunmoon 27,872,000 Golden Agri 27,625,000 DBS DBeCWOBIII7 26,528,000 Sing Tel 25,869,000 China Honqxinq 22,916,000 MiddleEastD 20,826,000 Li Henq 19,383,000 SGX 18,428,000 VALUE(S) SGX 127,838,150 DBS Grp 108,789,300 UOB 94,582,078 Sing Tel 92,118,490 OCBC Bk 79,518,990 Capita Land 71,785,772 S I A
      60 words
    • Article
      Lock icon RISES
      105 6 CLOSE UP JSH 1700 102.6 4.7 GLD 10US$ 9529 79.7 0.6 China H 10US$ 1626 75.6 3.6 JMH 3088 64.8 1.6 DBS Gr| 1918 52.0 2. DBS MBLJCW*****0 533 43.0 8.8 S I A 1558 42.0 2.8 Jardine C&C 1640 38.0 2.4 SIA 200 1550 38.0 2.5 Cifr 1086
      105 words
    • Article
      Lock icon FALLS
      115 6 CLOSE DOWN OCBC Bk4.5%NCPS 100 *****-20.0 -0.2 Cit' NCCPS 157 -12.0 -7.1 Deloi 313 -12.0 -3.7 Great Eastern 1580 -12.0 -0.8 STI 3000SGAePW*****0 20.5 -11.0 -34.9 WBL Cor| 500 -10.0 -2.0 STI 3100SGAePW*****9 57 -8.5 -13.0 STI 2950 DBePW*****1 42.5 -7.5 -15.0 STI 3200 BNPePW/***** 60.5 -7.5 -11.0 IndoAi
      115 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 6 Jul 21 CLOSE CHNG FR Jul 18 YR2008 S$ LOW S$ HIGH USS 1.3512 0.11 1.4542 1.3457 Euro 2.1476 -0.05 2.2064 2.0474 Pounds 2.6965 0.12 2.8431 2.6568 AS 1.3194 -0.32 1.3235 1.2349 Yen* 1.2673 0.34 1.4484 1.2619 Rupiah* 0.***** 0.11 0.***** 0.***** Baht* 4.0528 0.20 4.4299
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      41 7 Form a team of two and put your wheel changing skills to the test at our Pit Stop Challenge. Register now at www.ml.com.sg/vodafonemclarenmercedes Simply SMS "start" to ***** (LEWIS) to receive an interactive SMS quiz with a set of 3 questions.
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      317 8 A message from Toppan Printing Co., Ltd. to all shareholders of SNP Corporation Ltd ONLY 6 DAYS LEFT Our Offer Price is $1.76 for each Offer Share We currently own, control or have agreed to acquire approximately 82.42% of the issued share capital of SNP Corporation Ltd. 1 Please note
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      211 9 <*^> Ball's system timed 125,000 miles of m American railroads. Every section was intertwined I j in a sophisticated system requiring clockwork fjfi^m accuracy. Any minor fault could result in catastrophe. mm Which is why a dependable timepiece like Ball watch yp is so important in an environment that features
      211 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Govt to review growth forecast next month
      553 10  -  CHUANG PECK MING YESTERDAY IN PARLIAMENT Spore not facing stagflation, though pace of growth has slowed: Iswaran By SINGAPORE'S economy has held up well despite challenging global conditions, but the government will revisit the 4-6 per cent full-year economic growth forecast it made
      FILE PHOTO  -  553 words
    • Article
      Lock icon MHA to study if Home Team is overstretched
      356 10  -  l UMA SHANKARI By THE Ministry of Home Affairs (MHA) is exploring the "fundamental question" of whether it can continue to operate with its current level of resources, Second Minister for Home Affairs X Shanmugam told Parliament yesterday. "Question has been raised
      356 words
    • PARLIAMENT BRIEFS
      • Article
        Lock icon $1m cash reward for arrest of Mas Selamat
        158 10 TWO private individuals are offering a $1 million cash reward for information leading to the arrest of escaped terrorist Mas Selamat Lin Kastari inside or outside Singapore. "The two individuals approached MHA (Ministry of Home Affairs) for assistance to operationalise and manage
        158 words
      • Article
        Lock icon Most drivers unaffected by ERP hike
        93 10 DRIVERS as a whole have not been made worse off by the recent increase in Electronic Road Pricing (ERP) charges, according to Transport Minister Raymond Lim. He said the government gave away $110 million when it slashed road taxes 15 per cent, whereas the
        93 words
      • Article
        Lock icon Fight against illegal betting given boost
        110 10 THE Singapore Turf Club will be given more leeway in the fight against illegal betting on horses thanks to the passing of the Singapore Totalisator Board (Amendment) Bill. Among other changes, the amendment removes the Singapore Totalisator Scheme from subsidiary legislation under the Singapore
        110 words
    • Article
      Lock icon Formula BMW offers scholarship for drivers
      180 10 FORMULA BMW is offering a scholarship worth at least $100,000 to promising young race car drivers. It is working with Xl, a local 10-stop karting series launched here last year, and the Singapore Motor Sport Association (SMSA) in its search for drivers. The scholarship
      180 words
    • Article
      Lock icon AG raps govt units over performance lapses
      532 10  -  LEE U-WEN They could lead to material errors or be exploited By SEVERAL government ministries and statutory boards have come under fire from the Auditor-Gene-ral for poor use of state land and buildings under their charge. In one case, two ministries were allocated
      532 words
    • Article
      Lock icon Green marketing's not just jumping on the bandwagon
      356 10  -  JAMIE LEE By MORE businesses are looking into the green movement as a form of marketing, said the top executive of advertising agency Young Rubicam (Y&R). But even as green marketing gains popularity, consumers are also becoming more aware of the notion
      356 words
    • SINGAPORE ROUNDUP
      • Article, Illustration
        Lock icon Australian foreign minister in town
        75 10 AUSTRALIAN Foreign Minister Stephen Smith is in Singapore to attend four key meetings, including the Asean Regional Forum and the Asean-Australia Post-Ministerial Conference. Mr Smith will, among other things, review Australia's cooperation with Asean on political, security, economic and cultural matters. He will also review
        75 words
      • Article
        Lock icon S'pore Tourism Board garners accolades
        60 10 THE Singapore Tourism Board (STB) has picked up awards for Best National Tourism Organisation, Best Business MICE Destination and Best Me dical/Wellne ss Destination. The 60 winners were chosen by the public through online voting. The awards ceremony at Bar None, Marriott Hotel, was attended
        60 words
    • Article, Illustration
      Lock icon Small fund owner sees strong NYSE rebound by end '08
      532 11  -  SIOW LI SEN Capital Dynamics' Tan says Buffett Stephen Roach, GIC exec got it wrong By LEGENDARY billionaire investor Warren Buffett has got it wrong. So has Morgan Stanley Asia chairman Stephen Roach and GIC group investment officer Ng Kok
      FILE PHOTO  -  532 words
    • Article
      Lock icon Transformation of educational processes needed: NTU's Dr Su
      251 11 AS Singapore develops into a know-ledge-intensive economy in rising Asia, its educational processes must likewise change to accommodate this shift. "We must transform our educational processes. Industries demand high value added through breakthrough technological contributions. They demand business leadership. Systems thinking and
      251 words
  • Page 10 Advertisements
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      194 10 Singapore Kuala Lumpur Ho Chi Minh City Shanghai* Hong Kong Tokyo Bangkok Mumbai INVESTOR EDUCATION g£, ~~~TW Opportunities €jftm To Profit Everyday, Regardless Of Market Direction 10%, 100% or 1000% Profits A Day? You IjMliMlA Determine How Much You Want To Make. Let us show you how you can make
      194 words
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      123 11 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! To Zap: 1) Download Color Cam™ Via
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      553 11 Seal the deal with Capita Land Limited 1 through DBS High Notes 10 3. With DBS High Notes 10 3 f you'll enjoy: DBS High Notes 10 3 is available for a limited period only, i 2 so 9 et y°ur pricing statement and base prospectus today. Potential semi-annual payout
      553 words
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  • SME Inc
    • Article, Illustration
      Lock icon Emerging opportunities abroad
      1692 12 OH BOON PING provides some key trade and growth statistics of emerging markets that are of interest to Spore SMEs venturing overseas E MERGING markets remain a focal point for many Singapore companies including small and medium-sized enterprises (SMEs) despite the forecast slowdown in the global economy.
      1,692 words
    • Article
      Lock icon Fostering a sense of belonging
      1027 13 Clinton Ang Managing Director Cornerstone Wines TO ATTRACT talent, generous remuneration is no longer enough. A company must have a decent brand and reputation. It must offer training opportunities, encourage creativity within job scope and provide local and overseas exposure. To retain staff, all SYSTEMS
      1,027 words
    • Article, Illustration
      Lock icon Take time to develop a business mindset
      1266 14 ENTREPRENEURSHIP SERIES Attitudes need to be changed to promote entrepreneurship, says LIM WEN JUIN THERE are things that we think of as only happening to other people. Getting struck by lightning, being attacked by bees, winning first prize in the lottery we acknowledge
      ARTHUR LEE  -  1,266 words
    • Article, Illustration
      Lock icon Govt initiative pools resource needs of enterprises
      667 14 PRO-ENTERPRISE CHANGES Information for SMEs is just a click, a call or a centre away, reports OH BOON PING A SINGLE access point where information on government schemes, programmes, regulations and licences is freely available. Yes, that is the Enterprise One initiative which
      lOSEPH NAIR  -  667 words
    • Article, Illustration
      Lock icon Vietnam: Too hot, too cold or just right?
      1054 15  -  TAN SIEW MENG Despite high inflation and soaring rents, the country has much to offer investors with a long-term strategy By FOR the past few years, the transformation of Vietnam has been a standout story on the world economic scene. When you
      BLOOMBERG  -  1,054 words
    • Article
      Lock icon Streamlining the recruitment process
      494 15 IT MATTERS MOM introduces e-services that SMEs can tap into HAVING the right manpower mix is critical to the success of a business. By their very nature, however, SMEs have fewer resources and face stiff competition from bigger players when it comes to recruiting the right
      494 words
    • Article
      Lock icon Apply online for the Employment Pass
      92 15 ABOUT 80 per cent of all Employment Pass (EP) and S Pass applications are submitted through the Employment Pass Online (EPOL) and the number is growing daily. Has your company switched from the manual mode to EPOL application? To use EPOL, you have to
      92 words
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      79 12 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      79 words
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      127 13 Iftf**W bY; 1^ 11 T iLk »W?*- iSS SSvS^SSsS H )fe\tai bbbm\\vt T. _aHD> l■ A ijWt w I L^'^^^bv^^^Sh^B'^S H f^^^ 1 til b^P^^^'" f^C9^ j^^^t* Sb'Q^SS bh k U r= a;3^^BS <^H i^^^S >» I'^^SS ■bbp'^^s IBi^^^Pp^";: T?\jji3^B*j^f BBJ BBi r T^B^^t^^^ ~~*^^^^BBBBr■v^^^^f'^S I I E^aHßß'^^^^^^^^^b^Bßß^^^^^^S 11 liTi'
      127 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      81 13 SME The topic for next week's SME Voices column is: "Have you been getting any indications that the Singapore economy is entering a slowdown phase, and would the SME community remain as resilient as before?". If you are an SME owner or leader, we would like you to share your
      81 words
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      167 14 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
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      190 15 Washington,D.C. Singapore Tokyo WHIR Iffi I^ffl9 WHIR Tokyo Singapore Morning Flight BJj^j^|^^ Njght F|jght Flight No Dep Arr Flight No City Dep Arr Flight No City Dep Arr Flight No Dep Arr I NHB San Francisco 17:10 10:30 NH7 San Francisco 12:10 15:10+1 NHII2 08:20 16:20 NH6 Los Angeles 17:10
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  • ECONOMY WATCH
    • Article
      Lock icon US economists less bearish but still see low GDP growth
      579 16 Reuters Poll shows more firms with higher sales but also higher costs, lower profits [WASHINGTON] The US economy may have avoided a recession but will grow below trend for some time as firms face higher prices for a range of
      – Reuters  -  579 words
    • Article
      Lock icon Grip of rising unemployment, inflation on UK seen persisting
      245 16 AFP [LONDON] Britain's economic "horror movie" will continue in the months to come, with growth slowing considerably, while unemployment will rise and inflation will remain above government targets, an influential economic forecasting group said yesterday. The ITEM Club, which is backed
      AFP  -  245 words
    • Article
      Lock icon World economy at tail end of growth: Marc Faber
      175 16 Bloomberg [SYDNEY] Marc Faber, who told investors to bail out of US stocks before 1987's so-called Black Monday crash, said that the global economy is at the "tail end" of its growth. Oil prices may fall to US$lOO a barrel though
      Bloomberg  -  175 words
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      Lock icon Lehman lowers crude demand growth forecast
      423 16 Bloomberg [SINGAPORE] Global demand growth for oil will be 47 per cent lower this year than initial forecasts because of declining oil consumption in the US and slowing world economies, Lehman Brothers Holdings Inc said. Oil demand may grow by 790,000 barrels a day
      Bloomberg; REUTERS  -  423 words
    • Article
      Lock icon BURSA MALAYSIA
      2216 16 Jul 21 RM (000) ASM Realty 0.43 \bric Bhd 0.14 advance Synergy 0.09 Adventa Bhd 0.90 Ae Multi Hldgs 0.21 Affin Holdings 1.72 Ahmad Zaki Resou 0.69 AicCorp 0.50 \irasia Bhd 0.92 Akn Technology 0.40 Alliance Financi 2.50 Aluminium Co 0.93 Amalgamated Ind 0.42 Ammb HldgsBhd 2.96 Amtel
      2,216 words
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      268 16 You set the stage for their talents to shine Winner of Singapore's most prestigious Singapore Quality Award, and the inaugural Harvard-IBM Innovations Award in Transforming Government, the Institute of Technical Education is a globallyrecognised world-class institution for excellence in technical education. We offer a unique ITE Brand of Hands-on, Minds-on,
      268 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia needs stability, clear policies: Daim
      687 17  -  PAULINE NG He says govt should not be too obsessed with the budget deficit but should focus on growth By in Kuala Lumpur MALAYSIA'S former economic czar Daim Zainuddin has suggested that Prime Minister Abdullah Ahmad Badawi put together contingency plans to better manage
      687 words
    • Article
      Lock icon Indo to cut taxes on income, dividends by '09
      317 17 Bloomberg [JAKARTA] Indonesia plans to cut the maximum taxation rates for personal and corporate income and reduce charges on dividend revenue, the chief tax official said. The government and a parliamentary commission last week approved a cut in the maximum tax
      Bloomberg  -  317 words
    • Article
      Lock icon Police chief sues Anwar for slander
      335 17 AFP [KUALA LUMPUR] Malaysia's police chief yesterday filed a defamation lawsuit against opposition leader Anwar Ibrahim for accusing him of manipulating evidence, the officer's lawyer said. Mr Anwar has accused police chief Musa Hassan and attorney general Abdul Gani Patail of manipulating evidence in
      AFP  -  335 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon 3 killed, 14 hurt in Kunming bus explosions
      322 18 Reuters [BEIJING] Three separate bus explosions killed at least three people and injured 14 in the southwestern Chinese city of Kunming yesterday, media said, amid a security clampdown ahead of next month's Beijing Olympics. The causes were not immediately clear, but the
      – Reuters; REUTERS  -  322 words
    • Article
      Lock icon Reliance stock rises 5% on aborted MTN talks
      459 18 Reuters [NEW DELHI] Shares in India's Reliance Communications rose nearly 5 per cent yesterday after tie-up talks with South Africa's MTN Group were called off, as investors see it still pressing on with expansion plans. Analysts said that Reliance Communications, India's second-largest
      Reuters  -  459 words
    • Article
      Lock icon HK inflation hits 4-month high in June
      545 18 Bloomberg 6.1% rate in June reflects spike in food and energy costs [HONG KONG] Hong Kong's inflation accelerated last month to the fastest pace in four months as food and energy costs climbed. Consumer prices rose 6.1 per cent from a year earlier,
      – Bloomberg  -  545 words
    • Article
      Lock icon HSBC at highest in a month
      202 18 Bloomberg Share price lifted by news of talks with China wealth fund [LONDON] HSBC Holdings pic, Europe's largest bank by market value, rose to its highest value in almost a month in London trading after a report that it held talks with China Investment
      – Bloomberg  -  202 words
    • Article
      Lock icon Crucial nuclear debate opens in India's Parliament
      353 18 AFP [NEW DELHI] The future of India's coalition government and a controversial nuclear deal with the United States were hanging in the balance yesterday as Parliament opened debate ahead of a key confidence vote. The Indian government will collapse and early elections will
      AFP  -  353 words
    • Article
      Lock icon China's pension fund to keep stock holdings
      216 18 Reuters [BEIJING] China's national pension fund will not make significant changes to its investment portfolio despite suffering big losses in equities, the fund's chairman, Dai Xianglong, said in comments published yesterday. Mr Dai's National Social Security Fund (NSSF) is a prominent institutional investor
      – Reuters  -  216 words
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      1566 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 KINERGY LTD .™SS» W (Registration No. *****0021 D) wheel trading transport (Incorporated in Singapore) (|n MemWVolu^ViSiuidaHonl Co. Reg. No. *****4741K NOTICE OF RESOLUTIONS an Extraordinary General Meeting of NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting CEGM") of the Company
      1,566 words
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  • WORLD
    • Article
      Lock icon Roche offering to buy rest of Genentech for US$43.7b
      570 19 Bloomberg However, much higher offer needed for deal to succeed, analysts say [GENEVA] Roche Holding AG, Switzerland's largest drugmaker, offered to buy the rest of Genentech Inc for U5543.7 billion to gain the largest US maker of cancer medicines. Investors in
      Bloomberg  -  570 words
    • Article
      Lock icon SWFs eyed Merrill's BlackRock shares
      182 19 Reuters [NEW YORK] Sovereign wealth funds (SWFs) may have bought Blackßock Inc shares if Merrill Lynch had decided to sell its stake in the fund manager, the Financial Times reported on its website on Sunday. Kuwait Investment Authority was likely to have bought some of
      – Reuters  -  182 words
    • Article
      Lock icon Yahoo reaches deal with Icahn on board
      299 19 Reuters Company board will be expanded from 9 members to 11 [NEW YORK] Yahoo Inc wiU appoint activist investor Carl Icahn and two members of his slate of directors to the company's board, settling a proxy battle ahead of its Aug 1 annual
      – Reuters  -  299 words
    • Article
      Lock icon Leading index down 0.1% in June
      264 19 Bloomberg LATEST US DATA [NEW YORK] The index of leading US economic indicators fell in June for a second month, signalling growth will probably resume slowing after a second quarter rebound. The Conference Board's gauge declined 0.1 per cent, after a revised 0.2 per
      – Bloomberg  -  264 words
    • Article
      Lock icon Bank of America Q2 profit down 41%
      328 19 Bloomberg [CHARLOTTE, North Carolina] Bank of America Corp, the biggest US consumer bank and home lender, said profit fell less than analysts estimated as the company curtailed loan losses. Second-quarter net income declined 41 per cent to US$3.4l billion, or 72 cents a
      Bloomberg  -  328 words
    • Article, Illustration
      Lock icon Focus on US farm subsidy as WTO talks begin
      597 19 -Reuters Deal possible only if emerging states open markets: US [GENEVA] The United States yesterday faced pressure to make bigger cuts in trade-distorting farm subsidies at the start of a week of global trade negotiations. "We know we're going to need
      -Reuters; AP  -  597 words
    • Article, Illustration
      Lock icon Trouble at Fannie and Freddie stirs concern abroad
      711 21 -NYT At stake is Americans' future ability to gain access to credit [NEW YORK] For more than a decade, Fannie Mac and Freddie Mac, the housing giants that make the American mortgage market run, have attracted overseas investors with a simple pitch:
      -NYT; AFP  -  711 words
    • Article
      Lock icon HBOS investors shun cash call, £3.8b stock unsold
      360 21 Reuters [LONDON] An emergency fundraising by HBOS Britain's biggest home lender, flopped as investors took just 8.3 per cent of the shares, leaving underwriters trying to sell almost £3.8 billion (5510.25 billion) of stock. HBOS, the latest UK bank to raise capital
      Reuters  -  360 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8516 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.983/ AIGIF Spore Bond Fund/ A 1.326/ 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 0.956/ APS Komaba
      8,516 words
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      93 19 Restoring IMormal Eye Appearance Registration details: /^fl nkX A Registration fee: $8 per person. First-come-first-served. r^ B^i Date 2 August 2008, Saturday a _..r__ /rt To register, please call 6322 8822 (9am 6pm) H Time 10.00 am 12.30pm closing date for registration: 30 July 2008 Venue Singapore National Eye Centre,
      93 words
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  • ASEAN MINISTERIAL MEETING
    • Article, Illustration
      Lock icon Myanmar ratifies Asean charter that includes rules on human rights
      307 20 Bloomberg Indonesia, Thailand and the Philippines have yet to sign [SINGAPORE] Myanmar, criticised for cracking down on anti-democracy protesters and detaining political opponents, ratified a regional charter that would subject it to rules including those on human rights. The nation
      Bloomberg; AFP  -  307 words
    • Article
      Lock icon Dispute settlement mechanisms a key Charter goal
      248 20 Xinhua [SINGAPORE] One of the key areas of the Asean Charter is the setting up of dispute settlement mechanisms for non-political agreements, Rodolfo Severino, director of the Asean Studies Centre said here yesterday. He said: "We have a dispute settlement mechanism for economic
      – Xinhua  -  248 words
    • Article
      Lock icon Asean tackles Thai-Cambodia border row
      434 20 Reuters Besides mediation, soaring food and fuel prices were also discussed [SINGAPORE] South-east Asian ministers urged Cambodia and Thailand yesterday to show restraint over a military standoff on their border and took steps to create a regional human rights body. The 10 members of the
      Reuters  -  434 words
    • Article
      Lock icon Yeo clarifies Suu Kyi's release
      203 20 Her detention will end only in November next year [SINGAPORE] Burmese democracy leader Aung San Suu Kyi's detention will end only in November next year, Foreign Affairs Minister George Yeo clarified yesterday. In a statement, Mr Yeo, who also holds the Asean chair, said that
      203 words
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      533 20 INDOSAT ANNOUNCES CHANGE OF CONTROL OFFERS FOR ANY AND ALL OF INDOSAT FINANCE COMPANY B.V.'S 7.75% GUARANTEED NOTES DUE 2010 AND INDOSAT INTERNATIONAL FINANCE COMPANY B.V.'S 7.125% GUARANTEED NOTES DUE 2012 Jakarta, July 22-PT IndosatTbk. ("Indosat"), Indosat Finance Company B.V. ("Indosat Finance") and Indosat International Finance Company B.V. ("Indosat International
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      76 20 RESULTS (IN ENGLISH AND CHINESE) 'k. Find of the day: World beating swim 1952 1900-911-0002 Calls at $0,535 /min(inclusive of GST) A m Dive into the amazing, m^ I strange and marvellous H M^ history of Singapore. L.^^.^^k^tf One day at a time. I Callers below 18 years of age
      76 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airshow orders ease EADS out of nosedive
      881 22 Bloomberg Airbus has won USs4ob in orders during the Farnborough Air Show last week [TOULOUSE, France] The US$4O billion in orders that Airbus SAS racked up at the Farnborough International Air Show last week may help bring European Aeronautic, Defence Space (EADS) out
      – Bloomberg; AP  -  881 words
    • Article
      Lock icon China's aviation industry profits fall
      362 22 Bloomberg [HONG KONG] China's aviation industry posted a 23 per cent decline in first-half profit on rising fuel prices, and slower travel demand in the world's second-big-gest air-travel market. Airlines, airports and related companies' total profit slipped to 3.7 billion yuan (***** million), the Civil
      Bloomberg  -  362 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2472 22 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
      2,472 words
    • Article
      Lock icon American Airlines to reduce fleet, cut 1,500 jobs
      325 22 -AP [DALLAS] American Airlines will cut 1,500 jobs in its maintenance division as it reduces its fleet of aircraft. The largest US airline told employees of the cuts in memos last week. American did not break down the cuts by location. Tami
      -AP  -  325 words
  • Page 22 Advertisements
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      130 22 BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Bangkok $708 $120 $43 Thai Airways Thai Airways DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Jakarta $425 (Lufthansa) $105 (Lufthansa) $126 jZ\ Cloudy HO Chi Minh City $546 (Vietnam Airlines) $130 (Garuda Indonesia) $218
      130 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      354 22 CRYPTIC CROSSWORD ACROSS 7 Nude boxing tabloid on- HHHB HH HH —1^ P^ HV 8 Joints on the end of guitar j I^H I 10 Firm getting poor reaction j I 111I 11 I j at lost force (8) hh bh bh H^ HH HH 11 Write carelessly, seeing son
      354 words
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  • SHIPPING/TRANSPORTATION
    • Article
      Lock icon Kuehne & Nagel reports 13% jump in Q2 earnings
      324 23 Kuehne Nagel reports 13% jump in Q2 earnings Bloomberg Growth in shipments helps company beat analyst forecasts with SFrls4m profit [SCHINDELLEGI, Switzerland] Kuehne Nagel International, the world's largest sea-freight forwarder, said second-quarter profit rose 13 per cent, boosted by more sea shipments. Net income advanced to 154 million Swiss francs
      Bloomberg  -  324 words
    • Article, Illustration
      Lock icon Russian billionaire increases stake in TUI to 15.03%
      337 23 AFP Move underscores debate over how firm should develop [FRANKFURT] Russian billionaire Alexei Mordashov has increased his stake in TUI, one of the leading European travel and shipping groups, to 15.03 per cent, a statement to the stock market said yesterday. The
      AFP  -  337 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 23 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship unch 0.35 3.12 0.82 2.12 1.23 0.06 1.04
        102 words
      • Article
        Lock icon KLSE
        31 23 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd unch 8.70 8.50 3.60 2.95 0.17 unch 0.45 0.40 -0.02 0.02 0.01 0 351 410 710 69 36
        31 words
      • Article
        Lock icon BANGKOK
        12 23 '00 ■recious Ship Jegional Cont 19.60 15.70 0.10 0.10 115; 571
        12 words
      • Article
        Lock icon HONGKONG
        6 23 '000 toil .37.45 0.65 65!
        6 words
      • Article
        Lock icon PHILIPPINES
        20 23 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 28.50 unch unch unch unch unch unch 200( 2\
        20 words
      • Article
        Lock icon TAIPEI
        18 23 Evergreen Marine ....20.35 :irst Steamship 59.20 ManHai Lines 19.00 r"ang Ming Marine ..19.00 0.75 1.70 1.00 0.90
        18 words
      • Article
        Lock icon TOKYO
        37 23 '000 :awasaki Hvy Ind ..290.00 1.00 ***** :awasaki Kisen 919.00 11.00 527' /litsubishi Hvy 485.00 2.00 2821) /litsui Eng&Sbldg ..325.00 8.00 1810! /litsuiOsk Lines ...1381.00 -10.00 893: lippon Express 477.00 -5.00 375( JipponYusen 911.00 -8.00 594:
        37 words
    • Article
      Lock icon Tanker rates may climb on August demand gain
      315 23 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may advance because oil companies are taking longer to hire next month's ships, potentially leading to a demand surge. Refineries hired about 30 very large
      – Bloomberg  -  315 words
    • Article
      Lock icon Iran seeks supertanker to store crude oil
      180 23 Reuters [SINGAPORE] Iran is seeking a double-hulled supertanker to store crude oil for up to 60 days, shipbrokers and traders said yesterday. State-run shipping company, the National Iranian Tanker Company (NITC), is seeking a Very Large Crude Carrier (VLCC) capable of storing up
      – Reuters  -  180 words
    • Article, Illustration
      Lock icon Sumitomo buys planes from airlines ravaged by oil crisis
      490 23 Bloomberg [TOKYO] After New York's World Trade Center collapsed in the Sept 11 terrorist attacks, Sumitomo's Kei "Duke" Kato went shopping for cheap jetliners grounded in the fallout. Now, as record oil prices ravage airline profits, the head of aircraft leasing
      Bloomberg; BLOOMBERG  -  490 words
  • Page 23 Advertisements
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      35 23 era p) v v U> rJ FIND THE ONES THAT FIT! h OT P*-^ Recruit the right people through CATS Recruit. f=H Call 1800 289 8822 or email recruit@sph.com.sg to advertise. <> jo v H rS
      35 words
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      Lock icon Page 23 Advertisements Column 2
      102 23 www.torque.com.sg t ram NEW AND IMPROVED f\ ASTON MARTIN V 8 Ifi VANTAGE AND MASERATI GT S ■rt both are now beefier, l§k BUT WHICH ONE'S BETTER? y *AUD»A4I,3T BMW 115 i WKM CHEVROLET AVEO 5 jT LOOK BACK IM WONDER .^^Veot^e H I mTTTiJ^r -RENAULT CLIO I 24 HOURS
      102 words
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      Lock icon Page 23 Advertisements Column 3
      32 23 THE* ARE big says BUT rnTHinC THAT SHE CATT'T HAnVLEI! Tune in to the New Morning Show. Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. RADQO 100% PURE FUN
      32 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Tempering energy demand
      489 24 BEIJING'S latest Olympic car curbs aimed at reducing pollution and traffic congestion during its showcase Games starting in a fortnight are reminiscent of steps taken by countries like the US and New Zealand in the late 1970s for more pressing reasons. In the Chinese capital, for the
      489 words
    • Article, Illustration
      Lock icon The numbers game in India – not that simple
      1444 24  - The numbers game in India not that simple BIBEK DEBROY UPA govt, though likely to get SP's support, is also wooing others ahead of crucial vote By I ITH the Left the Communist Party of India-Marxist (CPI-M), the Communist Party of India, the Forward Bloc and the Revolutionary Socialist Party
      AFP  -  1,444 words
    • Article, Illustration
      Lock icon Key economic growth plans in India hang in the balance
      732 24  -  G PANICKER THE BOTTOM LINE INDIA has an energy problem, to put it mildly. Some 70 per cent of its energy comes from imports, and this is expected to reach 90 per cent in five years if domestic energy production
      732 words
    • Article, Illustration
      Lock icon The case far organ trading
      1766 25  -  GARY BECKER Markets in organs are the best available way to enable people to get transplants quicker than under the present system Byl THERE were about 50,000 persons on the waiting list for kidney transplants in the United States in the year 2000, but only
      AFP  -  1,766 words
    • Letter
      Lock icon Singapore on the right track with renewable energy
      448 25  -  Edwin Khew LETTER TO THE EDITOR I REFER to the article: "Subsidies the thorny issue for a sustainable renewable energy market" (BT, July 17), which reported a roundtable discussion on the theme "Is Singapore ready for renewable energy", held by the LKY
      448 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8152 26 Transaction date: Jul 21 !-wks Tel Low Code Last Sale Vol ('000) Hii lay L Low Bu] _ast Quote yer Seller Div C'vr Net P/E I Cap $mil Hi* Com[ >an] 5716 1st Software 20 5.5 3148 STelecom 26.5 8 5834 A-Sonic 110 100 6389 ABF SG Bond
      8,152 words
    • Article
      Lock icon SGX XTRANET
      72 26 52-Wk Tel Hiqh Low Code Last Sale Vol COOO] Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Comi Hli 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 6170 SPDRS 398.3 288 6009
      72 words
    • Article
      Lock icon SGX CATALIST
      1886 26 «Vk Tel Low Code Last Sale Vol Cooo) lay I Low Bu1 .ast Quote /er Seller Div C'vr Net P/E flCap $mil Hii Com] >an' Hii 20 11.5 1181 s AAGrp 34 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 15 2.5 1501 s Advanced System
      1,886 words
    • Article
      Lock icon CLOB INTERNATIONAL
      211 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      211 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      50 26 ROYAL OAK COLLECTION p J^^Z-^ WHERE EXTREMES MEET 7 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^??^^^fe~ L'^^^^™_l^: -CJ^r v '■-~.■Xl*™'^l 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -i&ir*-~sife-—^'"- Jli' j-lu^," 'L^-J t |%S Internet: Http://www.audemarspiguet.com pj\^££*- i ''^V" i V;"" C'".'!^*!
      50 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      367 27 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 18 World Index Preliminan 944.2 0.4 -16.6 0.4 -19.4 0.1 -14.3 EAFE Preliminai 891.2 0.9 -20.5 0.6 -20.8 0.4 -15.8 Euro[ Preliminan 1214.6 1.7
      367 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      124 27 As at 9am Jul 21 >f foreign currency: Currencies Bid Offer >ust dollar 1.3070 1.3230 Lan dollar 1.3350 1.3510 iuro 2.1310 2.1570 IZ dollar 1.0200 1.0420 iterlini md 2.6800 2.7110 JS dollar 1.3440 1.3600 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer Ihi
      124 words
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      Lock icon INTERBANK RATES
      173 27 Jul 21 fer Bii Overnight 1-month 2-months 3-months Overnight mode: 3/8 USS 3/8 7/8 1 1 1/8 Offer 1/4 3/4 7/8 1 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SAu 2.38 2.62 2.85 3.00 3.25 3.40 3.55 Offer 2.28 2.52
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      Lock icon STOCK INDEX FUTURES
      23 27 Jul 21 ten. STI SIMSCI Jul 355.4 359.5 359.2 Taiwan Jul 268.4 274.7 273.9 Source: MF Global (S) Pte. Ltd
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      Lock icon US$/S$ FORWARD RATES
      22 27 Jul 21 S$ Bid Offer 1-month 1.3480 1.3496 2-months 1.3460 1.3477 3-months 1.3443 1.3460 6-months 1.3392 1.3409 Source: OCBC
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      Lock icon INTERBANK CURRENCY RATES
      156 27 Jul 21 Against SS Zurrencies Bid Offer Against USS Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.3161 1.3176 0.9747 0.9748 Lanadian dollar 1.3422 1.3440 0.9940 0.9943 iuro 2.1431 2.1457 1.5871 1.5874 IZ dollar 1.0266 1.0286 0.7603 0.7610 aterlini 2.6898 2.6930 1.9920 1.9923 IS
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      Lock icon SGX DERIVATIVES TRADING
      313 27 Jul 21 OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES >ep08 Dec08 Vlar09 un09 97.075 96.815 96.700 96.480 0 0 0 0 ***** ***** 6240 2774 EUROYEN FUTURES >ep08 Dec08 Vlar09 un09 >ep09 Dec09 Vlar10 Iun10 99.145 99.120 99.080 99.015 98.950 98.885 98.775 98.725 0 0 0
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      Lock icon SICOM FUTURES
      284 27 Jul 21 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan/Mar 09 431.75 427.00 425.25 425.25 424.50 424.50 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
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      Lock icon CHICAGO BOT
      102 27 Jul 78 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 08 1470.00 1521.00 1528.00 1470.00 Sep 08 1458.50 1508.00 1514.00 1459.00 Nov 08 1448.00 1498.00 1508.00 1447.00 Jan 09 1463.75 1513.75 1521.00 1465.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 08 62.09 63.42 63.50 61.75
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      Lock icon CRUDE OIL & PRODUCTS
      79 27 CRUDE OIL PRODUCTS Jul 18 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 131.33 -4.57 WTI (Near Mth) 128.97 -0.67 Dubai (1 -Mth F) 128.72 -2.43 Tapis blend 143 -2.3 Minas 137.4 -1.55 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 124.13 166.70 -1.14 -0.7 USS/barrel
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      Lock icon INTERBANK CROSS RATES
      464 27 Jul 21 Rm Euro HK! lm Rs Ru Yen Won RM NZ! Pal Rs Peso Ram NT! Bal it Pouni us: Australia 0.980 6.658 0.614 7.601 41.663 89.238 1.039 9.923 3.156 1.281 69.110 43.367 1.317 7.403 0.995 29.596 32.474 0.489 0.975 Canada 1.020 6.791 0.626 7.753 42.493
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      Lock icon GOVERNMENT SECURITIES
      92 27 Jul 21 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****T 23.10.08 1-Year BY*****N 04.05.09 0.35 0.61 0.32 0.29 0.6 0.55 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year
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      Lock icon SIBOR
      76 27 Jul 21 1 mth 2.***** 0.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
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      Lock icon PALM OIL
      61 27 Jul 21 Delivery Month Opening Sett Av Range Price Price Hi< Low Vol Open Done Position Aug 08 3310 Sep 08 3328 Oct 08 3320 Nov 08 3340 Total o/p: ***** contracts 3245 3318 3200 3245 3330 3201 9300 3335 3197 3262 3340 3200 Turnover: ***** Market tone:
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      Lock icon PRECIOUS METALS
      140 27 Jul 21 GOLD (USS/oz) Jul 18 Jul 21 Hong Kong London 960.70 965.70 961.70 966.70 Jul 17 Jul 18 971.40 956.70 972.40 957.70 Source: Reuters CAST BAR M) Jul 21 Buying Sellini Kilobar "44,866.17" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
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      Lock icon LONDON METALS
      69 27 JullB\ Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 2984.00 3078.00 3 months 3033.00 3127.00 Copper, Grade A (US$/tonne) Cash 3 months 8314.00 8085.00 8401.00 8160.00 Lead (US$/tonne) Cash 3 months 1971.50 1970.00 1963.80 1965.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon LIFFE
      77 27 Jul 18 (£/tonne) Close Prev Hii ih/Low ,ep08 1443 1512 1502/1441 )ec08 1457 1520 1510/1455 v1ar09 1450 1513 1502/1447 day 09 1453 1516 1487/1451 lOFFEE (USS/tonne) Close Pev High/Low lul 08 2461 2445 2464/2415 iep08 2376 2348 2379/2301 Mov08 2319 2292 2326/2256 Ian 09 2240 2225 2250/2200 SUGAR (US
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      Lock icon BONDS & WARRANTS
      3786 27 BONDS WARRANTS rel Zode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- mths +or- ('000) Ratio Price ing Left 10SS Advance Modules Grp W*****3 6 >036 AdvanceSCT Ltd W*****9 0.5 unch 4 ArianeCorp Ltd W*****9 0.5 )092 Asia Environment W*****4 17 1 20 1481 Asia Water Tech Ltd
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      2458 28 m The Business Times Shipping Times bIwHPHRSBS fcWml ™^XJ>milfttfWgJjn I^mß 111 WAN HAI INTERNATIONAL PTE LTD M. A 'wlt" WJK^^ilStflMwW^lWmMllM I V"%TT\ IMA LI II A I Illirr TEL *****588 (14 LINES) FAX:*****163 I A«J: I I 111 My;] I iBISWaSBBRfIISEffJBIiM WISBinKBIIISSMSIIKIISISSM I Vwl WAN HAI INtS Customer Servke/Bookings Dite<l
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      3275 29 jjWv AUSTRAL ASIA LINE "bsiu:^/™.™^^^™™ F^l I Q (fj£JS&? jj^O-L—/ ASIA AUSTRALIA SERVICE Accepting Container/LCL/Breakbulk/Project 'I^WMf^C^f mmm^^^^^mi^^^^ms^^^m^^^m^^^ms^^^KS^^^B^^ I i^^H weekly express sailing schedule cape MORiTON 08A8 2M» 30/07 oa/08 ivoj woj 23/oj 27/oj I tii3nTiinni7!nninTinnw(nnnTinnTiiiiinniPinTiTiii I CAPE PRESTON 09A8 01/08 10/08 21/08 24/08 28/08 01/09 j^j^jjgjJ^yj^^^^^^j^^j^^j^^^J^^y^J ■iUailiiaOUllSßilHlMlilKlUlUMllMUillliiUUlilSiiyiilUliMlHUl WESTERN AUSTRALIA SERVICE
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      3427 30 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • PROPERTY
    • Article, Illustration
      Lock icon NY homeowners cash in on location shoots
      1212 31 -AP Apartments, houses rented to TV and film crews for up to US$lO,OOO a day [NEW YORK] New Yorkers love to complain about television or film crews that descend on their neighbourhoods, gobbling up parking spaces, crowding the sidewalks and generally disrupting daily
      -AP  -  1,212 words
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      Lock icon Drake & Scull IPO 101 times subscribed
      345 31 Drake Scull IPO 101 times subscribed Bloomberg [DUBAI] Drake Scull International PJSC, the Dubai-based construction engineering contractor, received bids worth 124 billion dirhams (5536.7 billion) in its initial public share offering, 101 times the amount it sought. About 45,600 local and international investors subscribed to the IPO, hoping to "benefit
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      Lock icon Johor's Horizon Hills attracts foreign buyers
      385 32  -  EMILYN YAP 60% of buyers are from overseas; more than half of whom are Singaporeans By I WITH a golf course set within a residential township, the resort-style Horizon Hills in South Johor is attracting considerable overseas interest more than 60 per cent of
      LIANHE ZAOBAO  -  385 words
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      Lock icon Corporate tenant demand in UK at decade low
      242 32 Reuters [LONDON] Tenant demand for commercial property space in the UK fell in the April-June period at the fastest quarterly rate in at least 10 years as an economic slowdown gathered pace, a key report showed yesterday. According to a national survey
      Reuters  -  242 words
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      Lock icon UK home prices fall for first time since 2002
      678 32 Bloomberg [LONDON] UK house prices dropped this month from a year earlier for the first time since Rightmove pic started measuring them in 2002, as the squeeze on lending pushed up the number of unsold properties to a record. The average
      – Bloomberg  -  678 words
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      806 31 Prime Office Space For Sale IBBffH ■P=ff Near Raffles Place MRT Station Suntec City A^tfllF\ Approx. 4,650 sq.ft. -^m 0 \/^j fi V\T l Panoramic View of the City HKA V/'i-^m www.savills.com.sg GOOD CLASS BUN6ALOWS LAND FOR SALE ft 7 ftj^.^ HENRY PARK filfivatsri lftfii>t* DALVEY hilltop d/storey ■MEJ 9000
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      344 32 T^| HOUSING 4 > DEVELOPMENT MJ J BOARD I LAND FOR SALE PUBLIC HOUSING DEVELOPMENT UNDER THE DESIGN, BUILD SELL SCHEME M-' LOflOflG |Tq SECONDS SCHOOL c Jife YELLOW MGE XoMDOELLSWIOMfa'I^™™ «^»> W V«y POLICE SECURITY J JT. a- TOWN COUNCIL* PTELTD g c 1% '•""""S TQAiwn^ r MSTCC -it
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      85 32 ZAP HERE for the latest I property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word "Zap" sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or "Applications"
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