The Business Times, 1 August 2008

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Microfilm: NL29448
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Friday, August 1,2008
    22 words
  • Article
    Lock icon Mountains of losses may bury markets: pundits
    647 1  -  ANTHONY ROWLEY Financial crisis is the worst the world has faced since the *****, crack panel tells The Business Times By in Tokyo THE global financial shock sparked by the US sub-prime mortgage crisis is far from over, according to leading international financial
    647 words
  • Article
    Lock icon Global Ariel finance chief hits out after quitting firm
    666 1  -  CHEW XIANG He makes series of allegations which company says it views 'seriously' By [SINGAPORE] A storm is brewing at Global Ariel following the resignation of financial controller Tony Law Yong Hwee. In his quit notice to the SGX Masnet service
    666 words
  • Article
    Lock icon MARKETS DIGEST
    18 1 AST INDEX 2,929.65 (+4.15) TST INDEX FUTURES 2,908 (-17) TSIMSCI 359.77 (-0.09) TSIMSCI FUTURES 357.40 (-2.60)
    18 words
  • Article
    Lock icon MARKETS
    45 1 lursi lay lange 1COMP 1,163.09 +3.15 IIKKEI225 13,376.81 +9.02 1ANG SENG 22,731.10 +40.50 ;et index 676.32 +6.42 IAKARTACOMP 2,304.51 +25.82 1ANILA COMP 2,577.10 -6.73 ;eoulcomp 1,594.67 +16.97 ;henzhenb 454.41 -5.26 IUMBAI IND 14,355.75 +68.54 12 noon EDT Change )OW 11,472.47 -111.22 IASDAQ 2,337.98 +8.26
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  • Article
    Lock icon PRIME RATES
    28 1 SINGAPORE 5.33 MALAYSIA 6.72 HONGKONG 5.25 INDONESIA 15.512 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.74 INDIA 12.75 Source: Bloomberg
    Bloomberg  -  28 words
  • Article
    Lock icon FOREX
    40 1 IS$ (S$ per US$) 1.367 (US$/S$ per 1.981 2.708 :URO (US$/S$/E) 1.562 2.135 'EN 108.10 79.10 3.256 2.382 IK$ 7.803 5.708 !AHT 33.51 24.51 lUPIAH 9,096 6,654 lENMINBI 6.832 4.997 INDIAN RUPEE 42.49 31.08 1.057 0.773 IZ$ 1.362 0.996
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article, Illustration
      Lock icon Outlook for 2009 murky, concedes new EDB boss
      802 2  -  Investors keen on Spore but edgy about fallout from US downturn by RONNIE LIM [SINGAPORE] While Singapore is still on track for record manufacturing investments this year, the outlook for 2009 is "murky" no thanks to the fallout from the global credit
      802 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Business sentiment in S'pore teeters on the edge
        59 2 BUSINESS sentiment for the next six months remains largely stagnant across both the manufacturing and services sectors, according to official quarterly survey data released yesterday. Singapore's Economic Development Board said that, overall, a weighted 87 per cent of respondents expected business prospects
        59 words
      • Article
        Lock icon Keppel Corp earnings surge 15.8% in Q2
        41 2 DESPITE the deepening global economic slowdown, Keppel Corp still posted a 15.8 per cent rise in second-quarter net profit to $299.3 million from $258.4 million for the previous corresponding period. COMPANY NEWS, PAGE 6
        41 words
      • Article
        Lock icon Allgreen Q2 profit falls 36.5% as revenue slumps
        59 2 DENTED by continued weak sentiment in the property market, Allgreen Properties' net profit for the second quarter ended June 30 fell 36.5 per cent to $17.19 million. This came as revenue for the quarter slumped 39 per cent to $74.12 million due
        59 words
      • Article
        Lock icon Del Monte profit up just 3.1% even as sales jump 35%
        63 2 DEL Monte Pacific achieved a 35 per cent year-on-year surge in second-quarter sales to US$88.6 million but net profit rose just 3.1 per cent to US$5.58 million. Earnings per share for the three months ended June 30 came to
        63 words
      • Article
        Lock icon Market cap of SGX stocks falls 2.9% to $657.5b
        51 2 AFTER a month of choppy trading, the total market capitalisation of stocks listed on the Singapore Exchange fell in July to $657.5 billion, $19.9 billion or 2.9 per cent lower than $677.4 billion at the end of June. COMPANY NEWS, PAGE
        51 words
      • Article
        Lock icon Unemployment rate hits 2.3% as job creation eases
        67 2 SINGAPORE'S unemployment rate continued to climb as the pace of job creation eased in the April-June period. The jobless rate stood at a seasonally adjusted 2.3 per cent in June, up from 1.7 per cent in December last year and 2 per
        67 words
      • Article
        Lock icon Taiwan opens stock market to China investors
        67 2 TAIWAN'S Cabinet said yesterday it would allow China's institutional investors to pump more than US$1 billion into the island's stock market, in a sign of improving business ties on both sides. The Cabinet said that China's qualified domestic institutional investors would be able
        67 words
      • Article
        Lock icon Japan can avoid recession this year: Keidanren chief
        67 2 j JAPAN'S economy should be able to escape recession this year, despite falling personal consumption, slowing exports, flat corporate investment and a weak housing market, the chairman ofthe Japan Business Federation (Keidanren), Fujio Mitarai, claimed yesterday. However, he warned that the country
        67 words
    • Article
      Lock icon 4 ex-directors charged in Airocean Episode 2
      528 2  -  CHOW PENN NEE They are accused of making misleading statements over ex-CEO's arrest By [SINGAPORE] In a case that touches on how boards of listed companies communicate with shareholders, four former directors of freight forwarder Airocean were charged in court yesterday by the
      528 words
    • Article
      Lock icon Local business sentiment teeters on the edge
      599 4  -  CHEW XIANG The gloomy cancel out the cheerful in assessing prospects for next six months By [SINGAPORE] Business sentiment for the next six months remains largely stagnant across both the manufacturing and services sectors, according to official quarterly survey data released yesterday. Singapore's
      599 words
    • Article, Illustration
      Lock icon Thaksin's wife and her brother get 3 years' jail
      534 4 Bloomberg, AFP This is Ist conviction in cases against Thaksin and family [BANGKOK] The wife of former Thai prime minister Thaksin Shinawatra and her brother were sentenced to three years in prison for evading taxes, the first conviction in a string
      – Bloomberg, AFP; AP  -  534 words
    • Article
      Lock icon Tax rebates spark Q2 economic rebound
      349 4 AP LATEST US DATA [WASHINGTON] Economic growth picked up in the second quarter as tax rebates energised US consumers. The rebound followed a treacherous patch where the economy jolted into reverse at the end of 2007. The Commerce Department reported yesterday that gross domestic
      AP  -  349 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      72 3 Vorsprung durch Technik www.audi.com.sg \l lUi vJ) JJ Audi From today onwards, Audi technology has a new home. :^=r; Pl^— Congratulations to Premium Automobiles for the launch of the new showroom at 9 Leng Kee Road. Ira (onlinenial hong leong vA r T*yK BUI I L'^^v V'-P FINANCF American Home
      72 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      195 5 THE /QA T\ T"* T^ TRUE SOUTH™ Epitomising Luxurious Lakefront Living Actual View FIRST GLOBAL LAUNCH R^H^^^^to LAKEFRONT RESIDENCES 1 1 5 pH Wp-1 The perfect repose of an unsurpassed standard, The Rees The Remarkables; with superb architecture and interior Number One lifestyle and investment choice dcsi n hostin S
      195 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Keppel Corp posts 15.8% jump in Q2 earnings to $299.3m
      585 6  -  VINCENT WEE H1 infrastructure turnover trebles, property revenue plummets By DESPITE the deepening global economic slowdown, Keppel Corp still posted a 15.8 per cent rise in sec-ond-quarter net profit to $299.3 million from $258.4 million for the previous corresponding period.
      ARTHUR LEE  -  585 words
    • Article
      Lock icon The beginning of Oei 's Japan chapter?
      812 6  -  LYNETTE KHOO WHO would have thought that the next step for a public company, upon being privatised, is to take over the firm that was seen to have stood in its way to privatisation? In a dramatic twist, the recently privatised International Capital
      812 words
    • Article
      Lock icon Capita Land quarterly profits seen sharply lower
      568 6 Reuters Slower sales, absence of one-time gains cited; CityDev seen holding steady [SINGAPORE] South-east Asia's biggest property developer, Capita Land, should report sharply lower quarterly profits as home sales slowed, and as it is unable to repeat large one-off gains recorded a year
      ■ Reuters  -  568 words
    • Article
      Lock icon Allgreen Q2 profit falls 36.5% as revenue slumps
      359 7  -  LYNETTE KHOO Company expects lower earnings from development properties in H2 By DENTED by continued weak sentiment in the property market, Allgreen Properties' net profit for the second quarter ended June 30 fell 36.5 per cent to $17.19 million. This came as
      359 words
    • Article
      Lock icon HK Land H1 profit up 36%
      130 7 HONGKONG Land reported yesterday that its half-year net profit attributable to shareholders rose 36 per cent to US$l.63 billion. Earnings per share was up 36 per cent at 70.95 US cents compared with 52.35 US cents a year ago. Directors have declared an increased
      130 words
    • Article
      Lock icon Suit facing unit's business not a risk factor: Healthway
      503 7  -  JAMIE LEE No material impact on bottomline expected, it says By A BUSINESS owned by a unit of newly-listed Healthway Medical Group is still fighting a legal suit from a former business partner seeking $236,500 that it allegedly owes in loans.
      503 words
    • Article
      Lock icon At a glance
      323 8 Net profit refers to profit attributable to equity holders. Trust Reits: Turnover is gross revenue and earnings is income available for distribution. Exchange rate: US$l =551.360, HK$l =550.174, RMBI =550.198 RMI =550.416 6 months ended June 2008 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT I PREVIOUS
      323 words
    • Article
      Lock icon Aztech's Q2 net plunges 46% to $2.8m
      448 8  -  ONG BOON KIAT By UNFAVOURABLE economic headwinds continued to put a drag on Aztech Systems, pulling down the electronics manufacturer's se-cond-quarter net profit by 46 per cent to $2.8 million, from $5.2 million for the corresponding period last year. Earnings per share (EPS)
      448 words
    • Article
      Lock icon Del Monte Q2 profit up 3.1%; sales rise 35%
      500 8  -  LYNN KAN On the flip side, the group's Europe and North America market shrinks 4.2% By DEL Monte Pacific achieved a 35 per cent year-on-year surge in second-quarter sales to US$BB.6 million but net profit rose just 3.1 per cent to
      500 words
    • Article
      Lock icon H1 pre-exceptional profit up: Mandarin Oriental
      261 8 Bloomberg [HONG KONG] Mandarin Oriental International Ltd, operator of the worldwide luxury hotel chain of the same name, said first-half profit excluding one-time items rose 5 per cent after it increased room rates. Net income climbed to US$36.l million from U5534.3 million last year,
      – Bloomberg  -  261 words
    • Article
      Lock icon Dairy Farm's H1 profit up 52% on assets sale
      213 8 Bloomberg [HONG KONG] Dairy Farm International Holdings Ltd, the supermarket operator that also runs 7-Eleven and Ikea stores in Asia, said first-half profit rose 52 per cent on increased sales and one-time gains. Net income climbed to US$l54 million, or 10.5
      Bloomberg  -  213 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (July 31,2008)
      260 8 MATURITY YEAR RAISED COUPON DATE RATE (%p.a.) AMOUNT ($m) INTEREST PAYMENT DATES NUMBER OF DAYS OF ACCRUED INTEREST CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION ISIN CODE YIELD p.a.) 15.01.2009 NX*****S 1999 4 3/8 6000.00 15/7 15/1 16 101.70 0.64 SG**********
      260 words
    • Article
      Lock icon Billion dollar club
      548 9 Market cap HH 1 1 _2 4_ _J 3_ 4 2 _5 5_ 6 6 7 7 8 9 9 8 10 10 11 11 12 12 13 15 14 16 15 13 16 17 17 20 18 18 19 21 20 19 21 14 22 22
      548 words
    • Article
      Lock icon Market cap dips 2.9% in choppy July
      500 9  -  WONG WEI KONG Month saw plantation and agri stocks hit by retreating oil prices By THE total market capitalisation of stocks listed on the Singapore Exchange (SGX) fell in July, a month of choppy trading which saw optimism fuelled by the drop in
      500 words
    • COMPANY BRIEFS
      • Article
        Lock icon Jade issues 30 million shares to directors
        82 9 JADE Technologies yesterday announced the issue of 30 million remuneration shares to executive directors Sam Chong Keen and Chong Hon Leong. Mr Sam, also group president, received 20 million shares and will get $1 a year in a two-year contract. Acting chairman Mr
        82 words
      • Article
        Lock icon Westcomb posts 79% fall in H1 net profit
        108 9 WESTCOMB Financial Group said yesterday that its net profit for the first six months of 2008 fell 79 per cent to $432,644. Revenue for the period fell 10 per cent to $7.06 million due in part to a fall in the broking
        108 words
      • Article
        Lock icon Pan-United sells premises for $9.4m
        109 9 PAN-United Corp has granted an option to a Ms Meryani and/or nominee to buy its premises on the 13th floor of The Octagon at 105 Cecil Street. The sale price is $9.4 million, excluding goods and services tax. The sale price is $67,000 above a
        109 words
      • Article
        Lock icon MCL Land Q2 net rises 45% to US$3.2m
        103 9 MCL Land said that second-quarter net profit rose 45 per cent to US$3.2 million, from US$2.2 million a year ago. Revenue for the three months ended June 30, 2008, however, fell to U*****,000, from U*****.5 million in Q2 2007. The group benefited
        103 words
      • Article
        Lock icon Parkway gets $850m loan for new hospital
        71 9 Reuters SINGAPORE healthcare firm Parkway Holdings said yesterday that it has obtained an $850 million syndicated loan to build a new hospital in the city-state. The 13-bank syndicated transferable secured financing facility was arranged by Calyon, DBS Bank, HSBC, OCBC, Royal Bank of
        – Reuters  -  71 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
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      79 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      15 7 Win a Zegna Sport i-Pod Jacket worth $2,500! Jra f ZegnaSport ZaDCode C-7 A broughtto^ajbySPHNewMediaPteLh
      15 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
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      596 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      740 8 ALLGREEN PROPERTIES LIMITED Company Registration No.: *****1009N (Incorporated in the Republic of Singapore) The Board of Directors wishes to announce the following unaudited results of the Group for the period ended 30 June 2008. 1 CONSOLIDATED INCOME STATEMENT FOR THE PERIOD ENDED 30 JUNE 2008: 2008 2007 Ss'ooo Ss'ooo Turnover
      740 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
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      140 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      1177 9 I Hi »T j I Corporation I Keppel Corporation Limited CoßegNo: *****0351N (Incorporated in the Republic of Singapore) Second Quarter 2008 Financial Statement I Dividend Announcement 1. UNAUDITED RESULTS FOR SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2008 The Directors of Keppel Corporation Limited advise the following unaudited results
      1,177 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market anticipates a weak Wall St
      561 10  -  R SIVANITHY STOCKS The STl's rise was largely thanks to a 19-cent gain in Wilmar International to $4.41 that added 6.7 points to the index IF YESTERDAY'S trading follows previously well-estab-lished form, then Wall Street on Thursday would probably weaken, or at the very
      : Bloomberg  -  561 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 10 Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 5 0 0 0 4 8 5 Manufacturing 49 62 55 11 54 69 66 Commerce 22 19 20 25 22 25 Tpt/Stor/Comms 16 12 16 14 10 Finance 17 17 Construction 11 Properties
      97 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 10 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 28,971 28,971 124,273 124,273 Manufacturing 221,414 8,640 230,054 240,169 1,152 241,321 Commerce 61,376 11,197 72,573 110,927 4,217 115,144 Tpt/Stor/Comms 104,603 584 105,187 341,282 173 341,455 Finance 46,766 46,766 531,810 531,810 Construction 19,544 2,152 21,696 3,225 95 3,320 Properties 47,946
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 10 Stock name Close Cham Capita Land 5.700 +0.010 CapitaMall 3.000 -0.040 CityDev 11.480 +0.080 Cosco Corp 3.060 -0.010 DBS Grp 19.200 -0.120 F&N 4.430 -0.050 Gent Intl 0.565 -0.010 HK Land 4.130 +0.050 JSH 17.200 +0.320 JardineC&C 17.440 +0.260 Keppel Corp 10.660 -0.020 Keppel Land 4.880
      114 words
    • Article
      Lock icon BROKERS' TAKE
      892 10  -  LYNETTE KHOO Singapore Airlines July 31 close: $15.10 DBS VICKERS, July 31 STORY: We attended the analyst briefing for SlA's QlO9 results, and came back with more clarity on the numbers, and subsequently, have made adjustments to our assumptions and forecasts. Point: While the focus in this set
      892 words
    • Article, Illustration
      Lock icon Most Asian currencies fall on oil
      419 10 I CURRENCIES [SINGAPORE] The Taiwan dollar led losses in Asia and hit a two-month low yesterday as investors grew wary after an oil spike two days ago and ahead of major US and regional economic indicators. The Taiwan dollar fell 0.5 per cent to
      1 I BLOOMBERG  -  419 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 10 Jul 31 VALUE CLOSE BT OB/OS -81.00 -66.00 BT CADI -*****.00 -7.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 694.26 +0.06 FTSE ST Small Cap 582.02 +0.59 FTSE ST All Share 732.98 +0.83 FTSE ST China Top 413.54 +0.70 FTSE ST China 404.91 +1.28 UOB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 10 VOLUME Golden Agri 48,449,000 Sing Tel 37,039,000 China Hongxing 31,459,000 Noble Grp 22,125,000 Suntecßeit 18,871,000 NOL 18,368,000 Gent Intl 16,793,000 Straits Asia 16,052,000 Abterra 14,434,000 DBS MBLeCWOBI2O3 13,115,000 VALUE(S) UOB 181,089,227 DBS Grp 146,763,265 Sing Tel 133,545,280 OCBC Bk 99,162,758 S I A 87,010,080 Keppel Corp 77,935,280
      61 words
    • Article
      Lock icon RISES
      100 10 CLOSE UP JMH 3160 163.9 3.9 QUE 1354 46.0 3.5 JSH 1720 43.7 1.9 DBS Bk6% NCPS 10 ***** 40.0 0.4 Jardine C&C 1744 26.0 1.5 Pair irm 493 26.0 4.0 Deloni 310 25.0 8.8 StraitsAsia 278 20.0 7.8 Wilmar 441 19.0 4.5 la. in Land 67.5 12.5 22.7
      100 words
    • Article
      Lock icon FALLS
      123 10 CLOSE DOWN 1510 -72.0 -4.6 S I A SIA 200 1512 -68.0 -4.3 GLD 10US$ 8998 -43.7 -0.4 OCBC Bk DB eCW*****9 20 -23.0 -53.5 Land W*****6 38 -20.5 -35.0 NOL 284 -14.0 -4.7 DBS Gri 1920 -12.0 -0.6 Kei Land 488 -12.0 -2.4 Ascendasreit 230 -11.0 -4.6 STI
      123 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 10 Jul 31 CLOSE CHNG FR Jul 30 YR2008 S$ LOW S$ HIGH USS 1.3660 0.15 1.4542 1.3457 Euro 2.1323 0.00 2.2064 2.0474 Pounds 2.7073 0.13 2.8431 2.6568 AS 1.2921 0.21 1.3251 1.2349 Yen* 1.2627 0.42 1.4484 1.2619 Rupiah* 0.***** -0.24 0.***** 0.***** Baht* 4.0752 0.27 4.4299
      85 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Jobless rate rises for second straight quarter
      559 11  -  CHUANG PECK MING But employment grew in booming construction sector; Q2 layoffs eased to year ago level By SINGAPORE'S unemployment rate continued to climb as the pace of job creation eased in the April-June period. The jobless rate stood at a seasonally adjusted
      559 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Foreigners helping out at local visitor centres
        60 11 THIRTY public-spirited people from such far-flung places as Uruguay, the United States and Japan have been volunteering their time as "Uniquely Singapore Friends" at the local visitor centres. After completing 74 hours of training, these volunteers a mix of local and foreign residents
        60 words
      • Article
        Lock icon President appoints new district judge
        54 11 PRESIDENT SR Nathan has appointed Soh Tze Bian to the Subordinate Courts' Bench as a district judge. Judge Soh has most recently been with the civil division, Attorney-General's Chambers, and he was appointed senior state counsel/deputy public prosecutor in 2003. He received the Public Administration
        54 words
      • Article
        Lock icon SPH sets up next-gen newsstands
        69 11 SPH is setting up a chain of next-generation newsstands to provide a more exciting retail experience, complete with different weekly offers each Friday. By spending at least $5 at the "buzz pods", customers can take advantage of offers valued at up to three times their
        69 words
      • Article
        Lock icon 48th chikungunya fever case detected
        82 11 THE Ministry of Health and the National Environment Agency yesterday said that a 60-year-old housewife living in Jalan Jelita has come down with chikungunya fever. So far, there have been 48 cases in Singapore. MOH has carried out blood screening of the patient's household contacts
        82 words
    • Article, Illustration
      Lock icon Be competitive amid inflation, NTUC chief urges workers
      488 11  -  CHUANG PECK MING Don't fall into the price-wage spiral trap by raising wages, he warns By WORKERS should work together to deal with the fallout of high inflation and stay competitive as the global economy heads towards stagflation, labour chief Lim Swee
      FILE PHOTO  -  488 words
    • Article
      Lock icon Asean needs more hype: Mahbubani
      500 11  -  CHUANG PECK MING By AC ASEAN could do with more hype to get ahead in the development race. "Hype is a sign of hope," Kishore Mahbubani said in a lecture at the Presidential Palace in Jakarta yesterday. Prof Mahbubani, who was speaking at the invitation
      500 words
    • Article, Illustration
      Lock icon PropNex expands into auction, management
      372 12  -  UMA SHANKARI It'll focus on private homes, commercial realty for auction By REAL estate firm PropNex is adding auction and management consultancy services to its repertoire in a bid to diversify its revenue stream, it said yesterday. PropNex's auction division, set up three months ago,
      FILE PHOTO  -  372 words
    • Article
      Lock icon NRF to pump $10m each into 6 venture capital funds
      448 12  -  JAMIE LEE But VC funds must raise a matching sum by the end of six months By THE National Research Foundation (NRF) will pump $10 million into each of six venture capital (VC) funds that are looking to invest in
      448 words
    • Article
      Lock icon Financial sector tops in profitability
      381 12  -  LEE U-WEN By THOSE working in the financial and insurance-relat-ed services industries had plenty to cheer about in 2006, if figures from the latest Department of Statistics (DOS) annual survey of Singapore's services sector are any indication. In terms of profitability ratios, financial and insur-ance-related
      381 words
    • Article
      Lock icon Young NTUC out to break human flag record at NDP
      227 12 YOUNG NTUC will attempt to break its previous National Day Parade (NDP) record for forming the largest human flag in Singapore by increasing the number of people who will make up the flag to 12,288 partici- pants, and by staging
      227 words
    • Article
      Lock icon Australia appoints new envoy
      147 12 AUSTRALIA has named one of its most senior career diplomats, Doug Chester, as the new High Commissioner to Singapore. Mr Chester, who is the deputy secretary in the Department of Foreign Affairs and Trade, is expected to assume his role in October. He succeeds Miles Kupa,
      147 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
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  • Page 12 Advertisements
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  • FOCUS: GLOBAL SLUMP
    • Article, Illustration
      Lock icon Making sense of the bear market
      2568 13 OVERVIEW SINCE the sub-prime mortgage crisis burst upon the US a year ago, there have been market rallies and claims that the worst is over, only to be followed by fresh plunges in values and sentiment. Are we near the bottom now, or just
      AFP  -  2,568 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon BURSA MALAYSIA
      2237 14 lul 31 RM C000) \&M Realty 0.46 \bricBhd 0.17 \dvance Synergy 0.11 Vjventa Bhd 0.92 \eMulti Hldgs 0.21 \ffin Holdings 1.84 \hmad Zaki Resou 0.72 SjcCorp 0.55 \irasia Bhd 1.13 \kn Technology 0.41 Alliance Financi 2.83 \luminium Co 1.00 \malgamated Ind 0.48 Vnmb Hldgs Bhd 3.32 \mtel Holdings
      2,237 words
    • Article
      Lock icon Anwar to run for wife's vacated seat
      314 14 -AP [PUTRAJAYA] Malaysian opposition leader Anwar Ibrahim said yesterday that he would contest a by-elec-tion for a parliamentary seat vacated by his wife, but the prime minister dismissed his threat to seize power this year as a bluff. The developments occurred as Mr
      -AP  -  314 words
    • Article
      Lock icon Maybank premium cited for blocked deal
      589 14 Bloomberg Indonesian regulator gives its reasons for Bank Negara's decision on 81l deal [JAKARTA] Indonesia's market regulator said the premium Malayan Banking Bhd offered to acquire PT Bank Internasional Indonesia was likely the reason why Malaysia's central bank blocked the deal. Malaysia's central bank
      – Bloomberg  -  589 words
    • Article
      Lock icon Malaysia to review guidelines for foreign investment
      520 14  -  PAULINE NG By I in Kuala Lumpur MALAYSIA'S foreign investment guidelines will be reviewed soon to make them more "friendly", starting with a list of sectors deemed to be of "national interest". Foreign corporate ownership has slumped from 62 per cent in the
      520 words
    • Article
      Lock icon Telkom Indonesia's Q2 profit falls 14%
      225 14 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia, South-east Asia's second-largest phone company by value, posted its biggest drop in profit in six quarters as a tariff war raised costs and revenue from phone services declined. Net income at Indonesia's biggest phone company dropped 14 per cent
      – Bloomberg  -  225 words
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      201 14 _p n_Q-T FIND THE ONES pTITu qP J7TU pJ THAT FIT! L\^l-U cV x-->. f^--' Recruit the right people through CATS Recruit. V~ (J \y J^__S L—j—— C°\ Call 1800 289 8822 or email recruit@sph.com.sg to advertise. P^ r f>J I—> r^T^^ if I DISCOVER YOURSELF! I Spinelli outlet at
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Doha collapse triggered by China volte-face
      534 15 NYT, AFP Emerging economies want rebalancing of rules on farm tariffs, says WTO chief [PAßlS] World Trade Organization chief Pascal Lamy said yesterday that the collapse of global trade talks showed that emerging economies wanted an end to "colonial" practices favouring the developed world.
      NYT, AFP; AFP  -  534 words
    • Article
      Lock icon The Doha Round: down, but not out
      396 15  -  SIMON NIXON By DON'T cry too much over the collapse of the Doha Round of world trade talks. After seven years of negotiations, failure may be disappointing, but hardly a surprise. Even at the outset in 2001, the stated goals of Doha to
      396 words
    • Article
      Lock icon IMF expecting gradual 2009 US recovery
      437 15 AFP But it urges more action to ease economic turmoil [WASHINGTON] The International Monetary Fund said on Wednesday that the United States is poised for a gradual economic recovery in 2009, but urged more action to ease the housing crisis and financial turmoil. "The
      AFP  -  437 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Taiwan opens stock market to China investors
      418 16 Reuters Institutional buyers' combined purchases capped at slightly more than USsl.lb [TAIPEI] Taiwan's Cabinet said yesterday it would allow China's institutional investors to pump more than US$l billion into the island's stock market, in a sign of improving business ties on both sides.
      Reuters  -  418 words
    • Article, Illustration
      Lock icon HAVING A BALL, LONG AGO
      57 16 XINHUA [BEIJING] The Yellow Emperor created the game of 'cuju', the old form of football, thousands of years ago This cartoon is part of a series on the 2008 Olympic Games in Beijing, using characters originating from ancient Chinese tales. Organisers expect Chinese traditions to
      XINHUA  -  57 words
    • Article
      Lock icon Shift to bonds hits fund managers' cut
      593 16 Reuters India funds also face mounting operating costs [MUMBAI/HONG KONG] India's fund management industry, in boom mode for the better part of the decade, is facing a major slump in profitability as investment flows shrink, competition mounts and operating costs stay stubbornly high.
      Reuters  -  593 words
    • Article
      Lock icon Rupee set to gain from oil price decline
      200 16 Bloomberg [MUMBAI] India's rupee was poised to snap a five-month losing streak as a decline in oil prices over the past two weeks reduced refiners' demand for dollars. The currency was set for its best monthly gain since October as crude oil
      – Bloomberg  -  200 words
    • Article
      Lock icon China will not suffer post-Olympic downturn: adviser
      305 16 Reuters Property and stock prices have already had steep correction [BEIJING] China's property and stock markets will not suffer a post-Olympic hangover because prices have already experienced a steep correction, a central bank adviser said in remarks published yesterday. "Adjustments in the stock
      Reuters  -  305 words
    • Article
      Lock icon S&P raises China's debt rating to A+ on economic strength
      392 16 Bloomberg [HONG KONG] China's debt ratings were raised by Standard Poor's (S&P) as its foreign exchange reserves surged and the economy withstood a US slowdown. China's long-term rating was raised one level to A+, the fifth-highest grade, putting the country
      Bloomberg  -  392 words
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      152 16 lv a v k The battle was on between the delicate dim sum in the armoured basket and the hefty burger armed with fries Weekend Brunch J O (Sat, Sun Sl Public Holiday) At a wooden deck at Brunch, Hai Tien Lo with the city at your feet or ensconced
      152 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Japan can avoid recession this year: Keidanren chief
      380 17  -  ANTHONY ROWLEY He urges reform of tax, social security systems to prevent eventual 'collapse' By in Tokyo JAPAN'S economy should be able to escape recession this year, despite falling personal consumption, slowing exports, flat corporate investment and a weak housing market, the
      380 words
    • Article
      Lock icon Oil majors make big profits, but not at the pumps
      377 17 Reuters [LONDON] Furious motorists faced with high pump prices have accused oil majors of profiteering, but as the firms announced bumper profits this week, they said they were making little petrol sales. BP and Shell argued that the gains from
      Reuters  -  377 words
    • Article
      Lock icon Crude hit by weak US growth
      509 17 Reuters [LONDON] Oil prices retreated yesterday after an early bounce, pressured by bearish data on the economy in top energy consumer, the United States. US light crude for September was down U552.32 at U*****.45 a barrel by 1408 GMT, after a jump of US$4.5B
      Reuters  -  509 words
    • Article
      Lock icon Keeping alive the Bear Stearns name and culture
      705 17 Bloomberg [NEW YORK] When Michael Nolan walked into his office on the 26th floor of the former Bear Steams Cos building on June 2, after the JPMorgan Chase Co takeover was completed, he found a packet on his desk. Inside: a JPMorgan
      Bloomberg  -  705 words
    • Article, Illustration
      Lock icon Intel chief sees no slowdown in world PC market
      388 17 Reuters [LISBON] Intel Corp, the world's biggest microchip producer, expects no slowdown in global demand for personal computers despite economic problems in the United States and in other countries, Intel chairman Craig Barrett said on Wednesday. He also told reporters in
      Reuters; AFP )  -  388 words
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      1340 17 IN THE MATTER OF IN THF MATTER OF THF THE COMPANIES ACT, CAP. 50 IN IMt MAIIbKOUMb MWA AND COMPANIES ACT, CAP. 50 Htf£S INTHEMATTEROF AND IN THE MATTER OF K<fl A AnOGENIX BIOSYSTEMSFTE. LTD. AND IN I Mb MA 1 I tK Uh ■VS (In Members' Voluntary Liquidation) RACAL
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  • WORLD
    • Article
      Lock icon One year on, money markets still in intensive care
      837 18 Reuters Bank balance sheets still under great stress; resolution seen taking years [LONDON] International money markets remain damaged, fragile and strained after a full year of credit losses and writedowns, and the time they will take to return to normalcy is
      Reuters  -  837 words
    • Article
      Lock icon Morgan Stanley goes on senior exec hiring drive
      319 18 Bloomberg [HONG KONG] Morgan Stanley, the second-biggest US securities firm by market value, is spending some of an estimated US$l billion saved by cutting jobs this year to add senior bankers and trading executives from rival firms. Luc Francois, the former head
      Bloomberg  -  319 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8446 18 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.047/ AIGIF S'pore Bond Fund/ A 1.335/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.9/ APS Alpha Fund (USD) 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9666/ APS Komaba
      8,446 words
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  • AVIATION
    • Article
      Lock icon United Airlines sues pilots union
      517 19 Bloomberg Carrier claims group behind sickout; 329 flights cancelled [CHICAGO] United Airlines has sued its pilots union, claiming that the labour group organised a sickout to protest planned cuts and caused more than 300 flight cancellations. The lawsuit, filed on Wednesday, asks a federal court
      Bloomberg  -  517 words
    • Article
      Lock icon Lufthansa scraps 10% of Europe flights
      456 19 Reuters Move is in response to strike by ground, cabin staff over pay [FRANKFURT] Germany's Deutsche Lufthansa will scrap about 10 per cent of its flights to German and European destinations in the next five days in response to a strike by ground and
      Reuters  -  456 words
    • Article
      Lock icon London seeks delay on airport expansion
      185 19 Bloomberq [LONDON] Mayor Boris Johnson has asked planning officials to delay a decision on increasing flights ai London City Airport while aviation authorities study the issue. Planners in the London borough of Newhain agreed to defer the decision until the National Air Traffic Services
      – Bloomberq  -  185 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2524 19 AIRLINE CODES: AA: Am s (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAVv Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,524 words
    • Article, Illustration
      Lock icon Falling US dollar forces EADS to cut more costs
      587 19 NYT It will extend restructuring plan, outsource parts to low-cost countries [PARIS] Under continuing pressure from a sagging US dollar, EADS, the parent of the aviation giant Airbus, said on Wednesday that it would extend a restructuring programme and step up
      NYT; _l AFP  -  587 words
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      76 19 szc says DauT rnTHinc that she cattt hato^E!! Tune in to the New Morning Show. Building name and block numbers Shake Bake with Suz and Sheikh. Monday to Friday, 6AM -10AM. Shortest and quickest routes RADQO 100% PURE FUN Plan your next journey with Wf\ fl m fir. iftlP^ Rednano.
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  • EDITORIAL & OPINION
    • Article
      Lock icon BOJ should raise rates
      522 20 IN 1998, a new Bank of Japan (BOJ) law was enacted which was supposed to give the central bank greater independence in conducting monetary policy than it had previously enjoyed, and to reduce finance ministry influence over the conduct of monetary policy. In fact, what has
      522 words
    • Article, Illustration
      Lock icon Time for a rethink on the Doha trade talks
      1186 20  -  SHADA ISLAM An agreement in Geneva would have sent a message of confidence in the world economy ANOTHER summer, another failed attempt to clinch a new global deal to boost world trade. This time, however, despite brave words by World Trade
      AP  -  1,186 words
    • Article, Illustration
      Lock icon US voters still unsure if they know enough about Obama
      824 20  -  LEON HADAR THE BOTTOM LINE THE country was in a bad mood. America had suffered major diplomatic and military setbacks in the Middle East. Oil prices were rising to ever new heights. A nasty mix of economic slowdown and inflationary
      824 words
    • Article, Illustration
      Lock icon National oil firms' international move
      1009 21  -  SANJEEV GUPTA They must be prepared for challenges and risks amid opportunities to successfully make their mark in global arena By IN recent years the global oil industry has witnessed the continuing emergence of a new breed of national oil companies (NOCs). This ambitious and
      FILE PHOTO  -  1,009 words
    • Article, Illustration
      Lock icon India wins hearts and minds in Afghanistan
      872 21  -  YOGI AGGARWAL IT IS impossible when in Afghanistan not to be struck by two contradictory impressions the equanimity with which most Afghans go on with their everyday lives and the sense of threat and caution that afflicts the lives of foreigners. A week
      872 words
    • Time for SGX to consider T+1 settlement
      • Letter
        Lock icon Time for SGX to consider T+1 settlement
        487 21  -  Ec Teck Siew RECENTLY, the US Securities and Exchange Commission enacted new rules to curb naked short selling, on the grounds that it causes stock market turbulence. Short selling involves selling the shares of a company the seller does not currently own, hoping
        487 words
      • Letter
        Lock icon Trial runs for smart meters to start by year-end: EMA
        253 21  -  Jenny Teo (Ms) I REFER to the letter "Bill utilities by actual usage" (BT, July 29) by Mr Ec Teck Siew. The Energy Market Authority (EMA) is concerned over the issue of overbilling and has checked the computation of the
        253 words
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  • SHIPPING
    • Article, Illustration
      Lock icon US ups training to boost Arctic presence
      731 22 Bloomberg [CHICAGO] The US Coast Guard is conducting exercises to test how its ships and aircraft fare in the Arctic, where sea ice is melting and creating access to undersea oil fields sought by many countries. On Sunday, the Coast Guard sent 36
      Bloomberg; AP  -  731 words
    • Article
      Lock icon Orient Overseas H1 operating profit falls 27%
      398 22 I Bloomberg Higher fuel costs, slower demand cap gains from rising volumes [HONG KONG] Orient Overseas (International) Ltd, Hong Kong's largest container line, said first-half operating profit fell 27 per cent after it paid more for fuel and earned less interest from its
      I Bloomberg  -  398 words
    • Article
      Lock icon OOIL quashes talk of bid for Hapag-Lloyd
      134 22 Reuters [HONG KONG] Hong Kong-based container ship operator Orient Overseas (International) Ltd (OOIL) yesterday dismissed speculation that it was bidding for TUl's Hapag-Lloyd operation, saying a weak market put it off an acquisition potentially costing more than US$6 billion. German travel and shipping
      Reuters  -  134 words
    • Article
      Lock icon Hanjin Heavy wins 141 b won ship deal
      209 22 Bloomberg [SEOUL] Hanjin Heavy Industries Construction Co, the first South Korean shipyard operator to export ships, has received an order to build two container vessels worth 141.3 billion won (Ssl9l million) from a European customer. The ships will be delivered by July
      Bloomberg  -  209 words
    • Article
      Lock icon Daewoo clinches 766b won deal
      237 22 Bloomberg [HONGKONG] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard, has received an order worth 766 billion won (Ssl billion) to build a drill ship for a US customer. The vessel used for drilling oil in deep waters will be delivered by June 30,
      Bloomberg  -  237 words
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      2089 22 I THECOMPANIKACt'cAPSO THECOMTPA ENIKACT(CAPSO I NOTICE OF FINAL MEETING I IN THE MATTER OF THE IN THE MATTER OF iMttommNits Ati, i_-.su the companies act, cap. so IN THE MATTER OF COMPANIES ACT, CAP. 50 THE COMPANIES AQICAP.SO) IN THE MATTER OF INTHeZheROF THE COMPANIES ACT, CHAPTER 50 rl^^Sr^ AND
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8604 23 Transaction date: Jul 31 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 18 5.5 3148 STelecom 24 8 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 24 12 1938 AEI Corp 20.5 4.5 1100 AEM 37.5 15.5
      8,604 words
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      Lock icon SGX XTRANET
      70 23 52-Wk Tel Hiqh Low Code Last Sale Vol ('000) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi 200 116 6065 Diamonds US200 250 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 US6200 US1000 US***** 6170 SPDRS
      70 words
    • Article
      Lock icon SGX CATALIST
      1782 23 Hii |h Low Code Comi >an' Sale COOP] Hii Low Bu1 fer Seller C'vr P/E $mil 20 11.5 1181 s AAGrp 31.5 15 5000 s ABR Hldgs 32 18 8538 s APStrategic 11 2.5 1501 s Advanced System 38 19 3518 s Afor 42 9.5 1524 s Alantac
      1,782 words
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      Lock icon CLOB INTERNATIONAL
      214 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      214 words
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      34 23 JBfep NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 9 B '''^ZmM 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      380 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jul30 World Index Preliminary 957.4 1.2 -15.4 1.2 -18.1 1.2 -13.1 t EAFE Prel liminai 906.5 1.5 -19.1 1.4 -19.9 1.4 -15.7 Euroi Prelim inan
      380 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 24 As at 9am Jul 31 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2850 1.3000 .an dollar 1.3300 1.3460 Euro 2.1200 2.1480 NZ dollar 0.9960 1.0180 iterlini ind 2.6960 2.7260 US dollar 1.3610 1.3780 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      151 24 Jul 31 Xterniqht 5/16 -month 3/4 -months 15/16 l-months 1 Overnight mode: 5/16 IS$ Offer 3/16 5/8 13/16 7/8 Bid 1 days I month I months months d months months I I. (All 2.50 2.62 2.82 3.00 3.20 3.30 3.45 Offer 2.40 2.52 2.72 2.90 3.10 3.20 3.35
      151 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 24 Jul3l STI IIMSCI Aui 362.1 363.3 357.4 "aiwan Aui 272.6 273.1 269.9 Source: MF Global (S) He. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 24 Jul3l Bid Offer 1-month 1.3639 1.3658 2-months 1.3617 1.3637 3-months 1.3597 1.3617 6-months 1.3543 1.3565 Source: OCBC
      20 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jul3l Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2923 1.2944 0.9459 0.9463 'anadian dollar 1.3357 1.3382 0.9777 0.9783 Euro 2.1335 2.1364 1.5616 1.5618 NZ dollar 1.0024 1.0050 0.7337 0.7347 iterlin. 2.7060 2.7099 1.9807 1.9811 US dollar
      155 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      301 24 Jul3l OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.1650 96.9600 96.8500 96.6600 ***** ***** 7095 3205 EUROYEN TIBOR FUTURES SepO8 99.155 99.155 DecO8 99.130 99.140 MarO9 99.110 99.115 JunO9 99.040 99.040 SepO9 DecO9 Mar10 Jun10 99.150 99.130 99.110 99.030 99.155 99.135 99.100
      301 words
    • Article
      Lock icon SICOM FUTURES
      282 24 Jul 31 tUBBER Futures (Closing prices) !SS 1 (S cents/kg) flonth High Low Close Sett Volume (tonnes) Open Interest <\ug 08 >ep 08 3d 08 Mov08 Dec 08 Ian/Mar 09 435.25 431.75 427.00 425.50 423.75 422.00 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open
      282 words
    • Article
      Lock icon CHICAGO BOT
      99 24 JuS3O SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 08 1394.00 1384.25 1394.00 1365.00 Sep 08 1395.50 1386.25 1396.00 1370.50 Nov08 1405.00 1391.00 1406.00 1370.00 Jan 09 1422.75 1408.25 1422.00 1395.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO8 58.26 57.83 58.26 57.28 Sep 08
      99 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jul 30 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 122.72 0.08 WTI (Near Mth) 126.99 4.79 Dubai (1-Mth F) 119.75 -2.98 Tapis blend 132.05 -3.45 Minas 123 -7.4 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 116.30 153.00 -1.65 -3.6 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      442 24 Jul3l Australia 0.967 6.463 0.606 7.382 40.205 86.062 1.023 9.563 3.081 1.289 67.646 41.785 1.293 6.993 0.990 28.978 31.709 0.478 0.946 :anada 1.034 6.681 0.626 7.631 41.560 88.963 1.057 9.885 3.184 1.332 69.927 43.193 1.337 7.229 1.024 29.955 32.778 0.494 0.978 :hina 0.155 0.150 0.094 1.142 6.220
      442 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Jul 31 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****E 30.10.08 1-Year BY*****N 04.05.09 0.43 0.68 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • Article
      Lock icon SIBOR
      76 24 Jul 31 (US$) (SS) 2.***** 0.***** 6mths 1.***** 9 mths 1.***** 12mths 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 3.***** 5yrs
      76 words
    • Article
      Lock icon PALM OIL
      63 24 Jul3l KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Aug 08 3035 Sep 08 3021 Oct08 3015 Nov 08 3008 Total o/p: ***** contracts 3050 3054 3033 3044 3053 3009 3050 3054 3000 3050 3052 3006 Turnover: *****
      63 words
    • Article
      Lock icon PRECIOUS METALS
      166 24 Jul3l iOLD (USS/oz) Jul 30 Jul 31 GOLD BULLION COINS (SS) Sellim Hong Kong .ondon 91 5.90 916.90 Jul 29 917.60 01 Q Qn 911.20 912.20 Jul 30 897.80 OQQ Qn (SS) Selling Buying 1 oz 1397.42 1258 UBS GOLD LUNAR KINEBAR (SS) Selling Buying Bui rim Source:
      166 words
    • Article
      Lock icon LONDON METALS
      63 24 Jul3o Co iri iiuiii, yy.i (US$/tonne) Close Previous :ash 2909.20 months 2960.00 unch unch Copper, Grade A (US$/tonne) :ash months 8230.00 8030.00 8130.01 7931.01 .ead (US$/tonne) :ash months 2198.50 2180.00 2289.0I 2270.0I lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
      63 words
    • Article
      Lock icon LIFFE
      78 24 Jul 30 (£/tonne) Close Prev Hii ih/Low ,epO8 1499 1502 1515/1482 )ecO8 1490 1492 1503/1476 t/lar 09 1478 1481 1493/1467 day 09 1482 1485 1497/1472 lOFFEE (US$/tonne) Close Pev High/Low lul 08 2445 2450 2477/2428 iepO8 2385 2410 2420/2380 Mov08 2330 2350 2365/2328 Ian 09 2258 2266 2288/2250 SUGAR
      78 words
    • Article
      Lock icon BONDS & WARRANTS
      3371 24 BONDS WARRANTS Fel Zode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price 'rern Expiry Disc Gear- Mths ing Left >am >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 ArianeCorp Ltd W*****9 J092 Asia Environment W*****4 1481 #Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd WO***** i756
      3,371 words
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      769 25 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RTM/ANR/TIL STX PO TBN CDN/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination PAN DYNAMIC DBI/ABU/DOH/DMM/KWT STXPO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER
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      Lock icon Page 25 Advertisements Column 2
      585 25 C LINE PREVIOUSLY DONGNAMA LINE Sin Nhava Sheva (CCI) Every Mon (8 days) Sin Busan (KSS) Every Sat (8 days) (XCI) Every Sun (8 days) Sin Inchon (KSS) Every Sat (10 days) Sin Ulsan (XCI) Every Sun (7 days) Sin Madras Every Mon Fri (7 days) Sin Manila Every Tue
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      Lock icon Page 25 Advertisements Column 3
      1230 25 WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R laiMKi TEL *****588 (14 LINES) FAX: *****163 V\\M IIAIAM HAI INFV Customer Service/Bookings Dirert Line-(1 800)*****200 N^ V «I fl n I LI 11 t J PKL TEL: (03) *****888 FAX: {03) *****288 PEN TEL: {04) *****00 FAX: {04)*****99 JOH TEL:{O7) *****23
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      1207 26 \^l RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com USA Service Vessel I Vov SIN I ALT I HOU I NEW I JAX I ORF I PHL I MOB I NEN I NYC I CPE Rickmers Antwerp 241 09/08 10/10 15/10 25/10 Rickmers Singapore 242 11/08 23/10
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      4376 27 p 11 NDERSEN I Te1:65"*****? 07Fax:622!'" 7 h \I shipping coiyiPflNvTl 70 Shenton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES I VESSEL I VOY Singapore Freinontle Corns Island Christmas Island Pasir Gudang Island Express lEBO3 26
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      137 27 fiftl GLORY NAVIGATION GROUpI I( SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I REGULAR WEEKLY SERVICES: IKAOHSIUNG CHINESE PORTS, HONG KONG TO FROM SOUTHEAST ASIA I SINGAPORE :HIAPWOON SHIPPING (S)PTE LTD 14 ROBINSON ROAD, #03-01 SINGAPORE *****5
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      352 28 Home is where the Heart is Hesjs ™**o S£°1 ections I r~ -r I I UP 52.3/0 28 JUI till 31 Aug 08 raOd-eSq. CoffeeTable_ M Russell 3 Seater NOW $1,613 J^^^^^H k HP] Russell 1 Seater UP $2,830 i j[ j1 I J"& I Moritz 3 seater NOW S2
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      276 30 ©gifAdeiaide Mesrn&nzino f\ I r,G South Australia. IVIC3IIICI U.II iy LX jm i^ mm .I^. MWM|i^|^*Mafc'wW H i Return economy airfare ■r^P KpS 3 nights stay with daily breakfast l Roundtrip airport transfers fcfliOO ■^nmiJlin^UWj^ ,1, Grand Barossa with Hahndorf (21 Victor Harbor with V f^B^ H| McLaren Vale (3)
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  • Page 30 Miscellaneous
    • Miscellaneous
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      539 30 arts BEAT Examining effect of 'open aesthetics' N HAVE a fetish for artistic q academia? Collectors /V Contemporary, the only /> gallery in Singapore that A exclusively exhibits and sells Western contemporary art of the \~TrM Sirxti m\\\';\ II 111 El Mi!!!!!!!!! EisHr m\hMJL** i •'Hill Aesthetic Balance Open Work.
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      259 31 IlilßWlii GALLERY Hi Since 1918 545 Orchard Road #03-01 !jl|ffl^^^^ffi| B^fflßffßl Far East Shopping Centre Singapore *****2 HHB PQPIi HMHfIHHBjHJHHH Tei:(65)*****5i6 KudjffiyßS||wuyj|wS|ui!B|||ujuß INTRODUCING THE NEW CHAMPAGNE FLIGHT AT J^lw^lv' Qfl Kfl KlHiiV Take in the spectacular sights of NDP performances, fireworks and more while jßwlffii' .^JSx&aP Wffl^BSnl^nSffi^fl^^m^Sfw^fe H savouring a
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  • executive lifestyle
    • Article, Illustration
      Lock icon Spicing up F&B scene
      1610 32 More foreign restaurant groups are opening outlets here, some after being courted by EDB and STB, reports GEOFFREY EU IT will still take some doing, but there are unmistakable signs that Singapore's concerted efforts to reach the next stage in its evolution as an international dining
      1,610 words
    • PURSUITS
      • Article, Illustration
        Lock icon Road to classic status rather long and winding
        830 28  -  WINE An honest winemaker does not 'manipulate' the wine, and this invariably leads to vintages that have the best chance of becoming classics, says N K YONG YOU will sometimes, depending on what wine publications you read, come across the term "classic"
        830 words
      • Article, Illustration
        Lock icon Old school sci-fi gets new life in game
        578 28  -  CHRISTOPHER LIM GAMING By Batman: The Dark Knight is the poster child for the current vogue of harnessing print heroes for the big screen. But while the Batman franchise has been thoroughly exploited by movie and game-makers alike, many others have slipped
        578 words
    • MUSIC
      • Article, Illustration
        Lock icon Expect a holistic musical experience
        945 29  -  SINGFEST To create buzz, the songs can be downloaded to mobile phones while SlNGfest will be shown on the Internet, reports CHRISTOPHER LIM THE SlNGfest music festival starts tomorrow, and promises to usher in a whole new type of concert event that extends beyond physical
        REUTERS  -  945 words
      • Article, Illustration
        Lock icon Rocking with Melee, Lost Prophets
        514 29  -  CHRISTOPHER LIM by ONE of the great strengths of music festivals is the platform they give to young bands, or those with only niche popularity that would otherwise never make it to our shores. Melee and Lost Prophets, both of whom make their local debut
        514 words
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        Lock icon Get ready to sing-along with bands
        450 29  -  BEN MUNROE CD RECOMMENDATIONS By IF you are going to SlNGfest this weekend, you should already have your chosen artist on constant rotation, playing your favourite tracks in anticipation or revisiting some less-er-known numbers in preparation for festival singing sessions. If you have not
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        Lock icon Jazz as a symbol of national harmony
        527 29  -  CHRISTOPHER LIM By THERE are few better metaphors for relations between Singapore and Malaysia than the decade-long collaboration between two of the best jazz pianists from both countries Jeremy Monteiro and Michael Veerapen. "Give and take can produce something beautiful," says Monteiro, 48,
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    • ARTS
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        Lock icon Much ado on Asian contemporary arts
        937 30 Hong Kong's Danny Yung and Thailand's Oradol Kaewprasert tell CLARISSA TAN what's good, bad and ugly about the scene TRYING to assess the contemporary art scene is a bit like grasping at the various threads of a carpet while it is still being woven.
        937 words
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        Lock icon Looking at history from theatre's angle
        502 30  -  BEN MUNROE by WHICHEVER way you look at it, Ivan Heng has got his work cut out for him. The artistic director of Wild Rice theatre company is less than a week away from launching the second bi-an-nual Singapore Theatre Festival, bringing together the
        502 words
    • ENTERTAINMENT
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        574 31  -  CINEMA The Mummy: Tomb of the Dragon Emperor is a confused spectacle full of awkward performances and an insipid narrative, says AMANDA DE GUZMAN N terms of the latest instalment of The Mummy franchise, the third time is obviously not the charm. While the
        574 words
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        Lock icon A warm and witty coming-of-age story
        441 31  -  JAIME EE DVD REVIEW By AS a teenage pregnancy flick, Juno pushes all the right buttons a baby's right to life; a woman who gets the child she so dearly wants but can't have on her own; a teenaged unwed mother who learns life's
        441 words
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        Lock icon One-trick pony but likely box-office hit
        596 31  -  GEOFFREY EU By WHAT do you do with Jack Neo the self-styled Singaporean funnyman who has carved out a long-term career as a populist filmmaker that has his finger firmly on the national pulse? What can you do with someone who insists on appealing
        596 words
  • Page 32 Miscellaneous