The Business Times, 25 August 2008

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg «v a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Monday,August2s,2ooB
    23 words
  • 802 1  -  LYNETTE KHOO Poor trading volumes, fall in new listings set tone for weaker second half By [SINGAPORE] The sharp drop in stock market volumes and listings have left stock exchanges in the Asia-Pacific reeling with an earnings slump in the quarter ended June 30.
    802 words
  • Article, Illustration
    174 1 AFP, Bloomberg, AP [BEIJING] The Beijing Olympics, played out against a background of political jostlings and featuring 16 days of compelling and sometimes controversial action, drew to a spectacular close on Sunday. China emerged as the new sports superpower by winning the most number of gold medals, 51,15
    AFP, Bloomberg, AP; AFP  -  174 words
  • MARKETS DIGEST
    • 48 1 Weekly 2,723.30 lange -74.20 IT Index 1COMP 1,085.60 -9.45 IIKKEI225 12,666.04 -353.37 IANG SENG 20,392.06 -768.52 ;et index 681.93 -25.55 IAKARTACOMP 2,120.49 +35.34 1ANILA COMP 2,653.18 -71.97 ;eoulcomp 1,496.91 -75.28 ;henzhenb 376.11 -11.94 IUMBAI IND 14,401.49 -322.69 )OW 11,628.06 -31.84 IASDAQ 2,414.71 -37.81 ;&P 500 1,292.20 -6.00
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.906 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.87 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • 41 1 IS$ (S$ per US$) 1.408 (US: i/s: per£) 1.868 2.631 :URO (US$/S$/E) 1.486 2.092 'EN 109.10 77.50 3.346 2.376 IK$ 7.807 5.545 !AHT 33.94 24.10 lUPIAH 9,145 6,495 1ENMINBI 6.832 4.852 INDIAN RUPEE 43.41 30.83 1.142 0.811 IZ$ 1.399 0.994
      41 words
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  • Page 1 Miscellaneous
    • 53 1 DINING OUT Jtm EUROPEAN VIEWS FROM BE INSPIRED I One Briton's H GRAND PRIX THE TOP Zap for daily inspiration. eclectic taste buds Massa revives title bid Juggling work and family Win a Zegna Sport page 19 U page 21 pages 16 17 i-Pod Jacket! PAGE 1 o I B
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 85 2 AFTER a brief rally in mid-July sparked by falling commodity prices, the US stock market has faltered in the face of the continued fallout from the credit crisis and the damage to so many major financial companies. Now, as the market enters
        85 words
      • 81 2 HOME repossessions have surged to a 12-year high in the UK, as lenders take a tough line on debt-ridden owners. And the outlook for the rest of the year looks bleak, as house prices continue to fall. Figures released by the Council
        81 words
      • 65 2 AFTER three consecutive quarters of bottom line growth, Micro-Mechanics' fourth-quarter profit eventually took a hit as a result of the weakening greenback and the slowdown in the semiconductor sector. The company reported a net profit of $1.7 million for the three months ended June 30,
        65 words
      • 109 2 WHILE the multi-million dollar deals of the big rig builders tend to hog the headlines, the recent quarterly results of the lesser known providers of services to the offshore and marine industry show they have also been making quiet gains on the back
        109 words
      • 68 2 OIL prices may have dropped, but travellers are unlikely to see this translating to lower fuel surcharges just yet as far as airlines are concerned. In fact, for some airlines, the implementation of higher fuel surcharges came so late in the game that
        68 words
      • 74 2 A TOWERING grizzly bear guards the doorway to the Federal Reserve's annual policy retreat in the Teton Mountain resort of Jackson Hole, Wyoming, serving a reminder to central bankers of the battle to soothe the credit crunch. "This turmoil is not going to go away
        74 words
      • 82 2 AUSTRALIA has approved Chinese aluminium giant Chinalco's recent purchase of a minority stake in Anglo-Australian miner Rio Tinto, but warned the Chinese firm against buying more shares without prior approval. State-owned Aluminium Corp of China (Chinalco), backed by US peer Alcoa Inc, began
        82 words
      • 89 2 SHARES in Lehman Bros rose substantially last Friday as investors renewed hopes that the troubled investment bank was moving closer to raising capital to buffer it against a deteriorating economic environment. Capping a volatile week, the stock soared 16 per cent on
        89 words
      • 104 2 WORLDWIDE PC microprocessor shipments in the second calendar quarter of 2008 reached record levels again, according to new data from IDC. Talking to BizlT, Shane Rau, IDC's research director, noted that worldwide processor unit shipments grew 3.1 per cent sequentially over the 2008
        104 words
    • 740 2  -  ANTHONY ROWLEY Stagnant domestic scene forces them to seek M&As, new markets overseas By in lOKyo JAPANESE banks and insurance companies have launched a merger and acquisition (M&A) drive overseas in an effort to break into new markets and escape stagnant
      740 words
    • 603 2 Reuters Broking firms can be underwriters after 'lock-up' period [SHANGHAI] Chinese authorities, seeking to reduce downward pressure on the stock market, said that institutions would be allowed to use brokerages as underwriters when selling shares made tradable by the expiry of lock-up periods.
      – Reuters; AP  -  603 words
    • 768 4  -  ANDREW MARKS WALL STREET INSIGHT Investors on their toes even though it's the traditional summer break By in New York AFTER a brief rally in mid-July sparked by falling commodity prices, the US stock market has faltered in the face of
      REUTERS  -  768 words
    • 539 4  -  JANE MOIR Repossession orders in H1 jump 48% as price slide continues By in London HOME repossessions have surged to a 12-year high in the UK, as lenders take a tough line on debt-ridden owners. And the outlook for the rest of
      539 words
  • Page 2 Advertisements
    • 89 2 IWNANYANG iQ^a TECHNOLOGICAL UNIVERSITY DISTINGUISHED PUBLIC LECTURE Dynamics of National Development HE Dr A.P.J. Abdul Kalam President of India (2002 2007) Professor of Technology and Societal Transformation at Anna University, Chennai NTU Honorary Doctorate Recipient 27 August 2008, Wednesday 3.00pm 4.30pm Pan Pacific Hotel Singapore 0 Pacific 3, Level 1
      89 words
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 192 5 I Ml I Where the ideal partner helps you make the right moves towards a successful business event I j V^___________i _fe_fe_ _^B JelP _______________n _____r ¥'*'<'■ Jmm wt- _k M I ____^5 fW____Sk "^^L v j^'^^B <§^ m*^'"''"-- '^2^Bl w^3Q Rh_H bbbw' >al' 1 Mum mYwM M _^_fl _^v_.
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  • SINGAPORE MARKETS
    • 730 6  -  R SIVANITHY STOCKS THE backup in oil prices on Friday should provide some relief from the almost non-stop selling of the past few weeks, but stocks everywhere face issues that run deeper than just energy costs. To name a few, corporate earnings
      AP  -  730 words
    • 1361 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ab) Final Fully Franked; (ad) Capital; (ag) Dividend/Distribition; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (am) First and Final Tax Exempt; (an) First and
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    • 302 6 -AFP CURRENCIES [HONG KONG] Asian currencies ended last week mainly up against the US dollar on renewed fears about the health of the US economy. Japanese yen: The yen stood at 108.93 to the US dollar on Friday, up from 110.28 a week
      -AFP  -  302 words
    • 1701 6 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Company name Allco Comm REIT 2.25 2.00 4 5.60 12.95 0.99 0.72 Allgreen Properties 2.42 2.50 12 7.97 10.42 1.22 0.83 ua-Terra Sur. 2.50 2.50 4.55 4.84 0.46
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    • 4 6 WEEKLY
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    • 63 6 Aug 22 VALUE CLOSE BT OB/OS -951.00 +135.0 BT CADI -*****.00 +32.00 BT 10-day MA -*****.00 -95.00 FTSE ST Mid Cap 648.28 +6.13 FTSE ST Small Cap 523.36 +0.19 FTSE ST All Share 679.54 +2.94 FTSE ST China Top 336.65 +0.99 FTSE ST China 330.25 +1.67 UOB
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    • 56 6 VOLUME JiutianC 141,101,000 Ferrochina 135,993,000 UniFiber 135,982,000 China Honqxinq 124,342,000 Yanqzijianq 111,998,000 SingTel 107,910,000 Golden Aqri 103,229,000 DBS DBeCWOBIII7 78,259,000 Cosco Corp 74,153,000 Capita Land 67,002,000 VALUE(S) DBS Grp 462,264,461 SingTel 372,076,548 UOB 309,529,746 CapitaLand 307,283,124 SGX 273,900,950 Keppel Corp 247,244,110 OCBC Bk 214,036,889 S I A
      56 words
    • 96 6 BY CENTS CLOSE UP 8210 479.7 4.3 GLD 10US$ QUE 1296 44.0 3.5 StraitsAsia 271 32.0 13.4 Cmdfr 10US$ 395 29.5 5.' 'arkwa 1 HI 227 22.0 10.7 Jardine C&C 1748 20.0 1.2 275 18.0 7.' F&N 427 16.0 3.9 lanMBLePW***** 62 15.0 31. SembMar 390 13.0 3.4 DBS
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    • 119 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 2880-332.0 -7.6 JMH DBSMBLJCW*****0 379 -96.0 -20.2 DBS MBL iCW*****3 493 -93.0 -15.9 DBS Gri 1768 -92.0 -4. JSH 1614 -90.0 -3.8 B Sembawam 726 -70.0 -8.: UOB 1910 -70.0 -3.5 India Ni 10 1408
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    • 84 6 Aug 22 CHNG CLOSE FRAug21 YR2008 S$ LOW S$ HIGH USS 1.4070 0.39 1.4542 1.3457 Euro 2.0880 -0.06 2.2064 2.0474 Pounds 2.6156 0.84 2.8431 2.6148 AS 1.2307 -0.34 1.3251 1.2075 Yen* 1.2883 0.74 1.4484 1.2619 Rupiah* 0.***** 0.28 0.***** 0.***** Baht* 4.1480 0.36 4.4299 4.0190 Peso*
      84 words
    • 1315 8 Acquisitions rise sharply, with buyback activity by listed firms also surging for second straight week, reports ROBERT HALILI THE buying surged for the second straight week while the sales remained very low among directors based on filings on the exchange from August 18 to
      ELLIPSIZ  -  1,315 words
    • 2806 8 Transaction date: Aug 22 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Aug21 HK$ Vol ■000 Aeon Credit Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida
      2,806 words
    • 117 8 Stock name Close Change Cai i Land 4.450 -0.030 Cai iMall 2.720 -0.040 Cit' 9.980 -0.220 Cosco Con 2.120 +0.020 DBS Gri 17.680 -0.040 FSN 4.270 +0.060 Gent Intl 0.505 +0.005 HKLand 3.590 -0.050 JSH 16.140 +0.260 Jardine CSC 17.480 +0.060 Stock name Close Change Con
      117 words
    • 98 8 Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 14 1 0 0 0 2 14 1 Manufacturing 40 143 44 19 11 48 162 55 Commerce 14 47 16 19 56 20 >r/G ims 34 37 Finance 29 30 Construction 14 16 Proi
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    • 119 8 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 67,431 67,431 354,090 354,090 Manufacturini 1,182,322 63,122 1,245,444 917,027 5,453 922,480 Commerce 206,249 51,915 258,164 287,284 19,091 306,375 ]t/Stor/Comms 349,613 1,511 351,124 953,620 312 953,932 Finance 151,460 84 151,544 1,354,584 1,354,590 Construction 235,336 78,405 313,741 23,796 1,194 24,990 Properties
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  • Page 7 Advertisements
    • 883 7 ADVERTISEMENT :§fjfffj |i§_ j '■=§'::2E: EE:E:E:E:S M I_S__:: i_e_____m >*"- _K_^fi_i iff*™ I —:rJ__Bi __^_^_fr- :=___^-^-K_ -jgwiw Si ::*mt Getting the talent priorities right in Asia <»**<»»<*»*»»« w w Singapore's Prime Minister Lee Hsien Loong will deliver The rapid rate of growth in Asia has resulted in a widening gap
      883 words


  • COMPANY NEWS
    • 369 9  -  CHRISTOPHER LIM Seventy CFOs pick up tips on timepieces from guest speaker while networking a FINE wine and watches and, of course, plenty of good food and conversation marked BT's inaugural CFO Night last Wednesday. Seventy chief financial officers from Singapore's top
      JOSEPH NAIR  -  369 words
    • 333 9  -  WINSTON CHAI By AFTER three consecutive quarters of bottom line growth, Micro-Mechanics' fourth-quarter profit eventually took a hit as a result of the weakening greenback and the slowdown in the semiconductor sector. The supplier of precision tools and parts to semiconductor companies reported a net
      333 words
    • 384 9 WARRANT INSIGHTS PROBABLY the most common word investors will come across when trading warrants is volatility. Unfortunately, although many people know it equates with risk and have a vague idea that it can be quantified using statistics, they are not entirely clear about its
      384 words
    • 668 10  -  R SIVANITHY IN RESPONSE to a call made last week in this column (BT, Aug 19, "Include analyst information in research reports"), a reader wrote in to say he would be compiling data pertaining to analyst performance over the next 12 months to
      668 words
    • 1401 11  -  VINCENT WEE Offshore and marine service providers are making quiet gains but they'll need to look out for inflation and competition in region By WHILE the multi-million dollar deals ol the Dig rig builders tend to hog the headlines, the recent quarterly results
      1,401 words
  • Page 9 Advertisements
    • 135 9 Warrants At Your Fingertips. X I Visit www.merrillinvest.sg/warrants.aspx I M Lynch I A STAR ALLIANCE MEMBER J^ *3 7 C O W^S/ Enjoy world-renowned service on Royal Silk Class. Arrive fresh and ready to enjoy these favourite European destinations with THAI. Enjoy priority check-in. Relax in ROYr\.L SILK feta^^ spacious
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  • Page 10 Advertisements
    • 11 10 E —IR^IJI Elf IPO CLOSES 26 AUGUST 2008, 12,00 NOON J|
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    • 141 10 ZAP I ErmenegildoZegna I H 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. To Zdp> 1) Download Color Cam" Via SMS Via Mobile Phone
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  • Page 11 Advertisements
    • 12 11 CATS Recruit The first step oh your ladder to success I < o
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    • 396 11 M Afe A. H A^JI^F m to Invest in a Growing Regional Primary Healthcare Services Group Leading private primary healthcare services provider in Malaysia 152 owned, affiliate and associate clinics Regional network of 3 clinics with diagnostic facilities in India, 1 managed clinic in Indonesia and 4 affiliate clinics in
      396 words

  • SINGAPORE NEWS
    • 741 12  -  NISHA RAMCHANDANI They say levy not enough to offset costs incurred from higher jet fuel prices a OIL prices may have dropped, but travellers are unlikely to see this translating to lower fuel surcharges just yet as far as airlines are concerned. In
      REUTERS FILE PHOTO  -  741 words
    • 519 12  -  WINSTON CHAI By HEDGING is used by companies to manage forex volatility but human resource consultants say the same principle can be applied to expatriate pay packages to help combat inflation and currency fluctuations. HR consultancy ECA International says that a "split
      519 words
  • Page 12 Advertisements
    • 138 12 l ITM.II II I ____{ffl j I I QlQDMjjljjl aimigjE wjTjijijiMj ggmiij m WTmz^^^QM W^^^ mM I ___r v\v^ J_______P_/__L V H I i x v Bl__B H__H"^"fl I I BH Bfli Hkh _MIDII bhrrhl mm l_vii bl_-^» TB V i i^fe^__w =3 I HlNlillilllH Ii |i| I^^K_____Z I Snu
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1174 13 In this second article of a two-part series on securities fraud, LIM WEN JUIN looks at laws concerning market rigging and manipulation I HERE is a distinction between market manipulation and market rigging," notes Hamidul Hag, partner in the Commercial Litigation Practice Group of
      1,174 words
    • 672 13 CAMPUS LIFE For 37 foreign students who took a summer programme at the Singapore Institute of Management, culture was very much part of the business, QUAH CHIN CHIN reports ASK American student Colin James Smith how to prepare rice dumplings, and he'll walk you through
      ARTHUR LEE  -  672 words
    • 204 13 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 13 Advertisements
    • 46 13 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 559 14 Reuters FED'S ANNUAL RETREAT Participants agree painful adjustments needed to restore market confidence [JACKSON HOLE, Wyoming] A towering grizzly bear guards the doorway to the Federal Reserve's annual policy retreat in this Teton Mountain resort, serving a reminder to central bankers of the battle to
      – Reuters; BLOOMBERG  -  559 words
    • 297 14 Bloomberg It'll reduce economic, taxpayer costs from future turmoil: study [WASHINGTON] Banks should be encouraged to take out disaster insurance that gives them access to capital when they suffer big losses on their loans, said a former chief economist for the International Monetary Fund. Such
      – Bloomberg  -  297 words
    • 314 14 Reuters [JACKSON HOLE, Wyoming] US consumer spending will tail off as the effects of government rebates to taxpayers wear off, hurting economic growth in the second half of the year, the director of the Congressional Budget Office said on Saturday. "While it's early, it
      Reuters  -  314 words
    • 609 14 Bloomberg His paper sparks hot debate at annual US symposium [JACKSON HOLE, WYOMING] Former Bank of England policymaker Willem Buiter sparked the biggest debate at the Federal Reserve's annual mountainside symposium, saying that the central bank pays too much heed to
      – Bloomberg  -  609 words
  • Page 14 Advertisements
    • 1553 14 dssnsEH IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRISTONA PTE LTD (Co. Reg. No.: *****0073 X) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 22 August 2008 the Following resolutions were duly passed. spccicil resolution 1.
      1,553 words

  • MALAYSIA
    • 614 15  -  S JAYASANKARAN By-election win tomorrow is vital to his bid to become prime minister By in Kuala Lumpur IN the 1982 general election, the then prime minister Mahathir Mohamad fielded a newcomer in the rural parliamentary constituency of Permatang Pauh, then
      614 words
    • 366 15 -AFP [KUALA LUMPUR] Malaysian premier Abdullah Ahmad Badawi said a recent move to cut petrol prices by 5.6 per cent to RM2.55 (S$1.08) a litre was not politically motivated, according to a report Sunday. The government's announcement on Friday comes ahead of a crucial
      -AFP |  -  366 words
    • 583 15  -  PAULINE NG MALAYSIA INSIGHT Parliamentary by-election in Permatang Pauh consigns Budget 2009 to the backburner THE riveting parliamentary by-election in Permatang Pauh, Penang on Tuesday has consigned Budget 2009 to the backburner. Analysts are projecting that the Budget to be tabled in Parliament on Friday to
      583 words
  • Page 15 Advertisements
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      197 words

  • VIEWS FROM THE TOP
    • 2878 16 JUGGLING WORK FAMILY THIS WEEK'S TOPIC What were the key messages you took from the Prime Minister's National Day Rally speech? What action should Singaporeans, and Singapore organisations, take to answer the key issues addressed by PM Lee? Balancing work and family PKLim Managing Director, South Asia ANZ Blue Coat
      2,878 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 45 17 At Credit Suisse, we develop integrated solutions for the benefit of our clients. By building on our experience and expertise globally, we help our clients realize new opportunities. This has been our ambition since 1856. www.credit-suisse.com Thinking New Perspectives. v_> Xt DI OUIS O E
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  • DINING OUT
    • 726 18 NEW RESTAURANT Al Qasr 46 Lorong Mambong, Holland Village Tel: 6467-7793 ON typical weekend evenings, Lorong Mambong in Holland Village becomes a hive of F&B activity as customers from a string of shophouse bars and restaurants spill out into the street, which is closed to vehicles at night,
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    • 60 18 ■Vd/ICJI IdlK TO HQ»I ii sqi n S VflIT Tl i XI i AmyChoo 6319 1559 9690 3432 JoeYeo 6319 1125 *****732 Adeline Goh *****127 *****289 Timothy Lim 6319 1614 9623 0118 Thalia Heng 6319 1005 9229 6022 Chan Siew Kheng 6319 2078 9815 5456 Una Tan 6319 2045 9620
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  • DINING OUT WITH citibank
    • 813 19  -  JAIME EE POWER Lunch By IMAGINE if Julie Andrews sang about her favourite things and they included "black pudding, biltong and gula melaka". Try making rhyming lyrics out of that. But yes, those are the favourite foods of Briton Fiona Walker, principal director of Julia
      JOSEPH NAIR  -  813 words
    • 774 19  -  Ch&ah Ui-Hoon NEW RESTAURANT 10 at Claymore Pan Pacific Orchard 10 Claymore Road Tel: 6737 0811 SINCE its rebranding and subsequent refurbishment, Pan Pacific Orchard has also opened a new restaurant to replace Vibe which frankly didn't seem to generate enough positive vibes to
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  • Page 19 Advertisements
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  • GREATER CHINA/INDIA
    • 587 20 -AFP, Reuters But it warns Chinese firm against buying more shares without prior clearance [SYDNEY] Australia has approved Chinese aluminium giant Chinalco's recent purchase of a minority stake in Anglo-Australian miner Rio Tinto, but warned the Chinese firm against buying more shares without
      ' -AFP, Reuters  -  587 words
    • 380 20 Reuters [HONG KONG] China Construction Bank, the country's second-largest lender by assets, posted a 71 per cent jump in first-half earnings, in line with forecasts and boosted by higher fee income and margins, but pointed to a more challenging second half of the year. Construction
      – Reuters  -  380 words
    • 489 20 Reuters ANALYSIS Family-owned firms tap new sources as stock market tanks [MUMBAI] Private equity is gaining greater acceptance in India where rising borrowing costs and a tanking stock market have shut down other means of funding, forcing family-owned businesses to tap a source
      – Reuters  -  489 words
    • 527 20 -AFP Other Indian states extend welcome as firm threatens shift [NEW DELHI] Indian states vied over the weekend to offer alternative sites to India's Tata Motors for assembling the world's cheapest car after the firm threatened to shift production due to violent
      -AFP; REUTERS  -  527 words
    • 210 20 -AFP [NEW DELHI] India will not accept any new conditions to win approval from nuclear supplier nations for lifting a decades-old embargo on nuclear trade with New Delhi, a report said last Saturday. The statement by Foreign Minister Pranab Mukherjee came a day after
      -AFP  -  210 words
  • Page 20 Advertisements
    • 1707 20 m MANHATTAN RESOURCES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6289K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Manhattan Resources Limited (the "Company") will be held at 45 Maxwell Road, sth Storey, Podium of The URA Centre, Singapore *****8
      1,707 words

  • FORMULA ONE
    • 511 21 AFP [VALENCIA] Celebrities and mega-yachts swept into Valencia as the Formula One circus hit town with local officials hoping the Spanish port will soon rival Monaco as Europe's sporting "glamour capital". Yesterday's European Grand Prix, staged like Monaco on a street circuit,
      AFP  -  511 words
    • 644 21 AFP Win lifts him to 2nd place in drivers championship with 64 points [VALENCIA, Spain] Felipe Massa won yesterday's European Grand Prix for Ferrari on the new street circuit around the harbour in Valencia and revived his challenge for this year's drivers' championship. The
      AFP  -  644 words
    • 389 21 -AFP [VALENCIA] Two-time world champion Fernando Alonso last Friday denied that he was in talks with Honda or any other Formula One team about his future in Formula One. The 27-year-old Spaniard, who clocked the second fastest time in opening practice for
      -AFP  -  389 words
  • Page 21 Advertisements
    • 21 21 TUNE IN TO BIGGEST HITS OF THE 90S CHRIS BROWN TILL NOW! THE I>^SsYOAtT DOLLS ONLY ON RADOO 100% PURE FUN
      21 words
    • 23 21 Lianhe Zaobao I Headhunting via social networking websites e.g. Facebook may cut recruitment cost by more than half: experts claim SaFacebook^tiSESfceA *«WtS»ff« if
      23 words
    • 104 21 Accounting Outsourcing If you are in any of these situations: You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep
      104 words

  • ASIA-PACIFIC/WORLD
    • 776 22 -NYT Report says Korea Development Bank mulling stake, but spokesman denies it [NEW YORK] Shares in Lehman Bros rose substantially last Friday as investors renewed hopes that the troubled investment bank was moving closer to raising capital to buffer it against a
      -NYT; BLOOMBERG  -  776 words
    • 661 22 -AFP [SINGAPORE] Asean is set this week to finalise a free trade agreement with India and hold talks with Australia and New Zealand, signalling the importance of regional pacts amid fading hopes for a global trading regime. Association of Southeast
      -AFP; AFP  -  661 words
    • 631 22 Reuters Concern that market turmoil is hurting their ability to get fresh capital [NEW YORK] A major credit rating agency cut the preferred share rating on Fannie Mac and Freddie Mac amid mounting concern about the ability of the two largest
      ' – Reuters  -  631 words
    • 560 22 Reuters [WASHINGTON] World trade negotiators need to bounce back quickly from a failed meeting in July to have any chance of reaching a deal by the end of the year, the head of the World Trade Organization said last Friday. "The good
      – Reuters  -  560 words
    • 395 22 Aug22 BANKS ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank
      395 words

  • BEIJING 2008
    • 897 23 Next stop London, 2012 -AFP.AP Lavish ceremony crowns what turned out to be a 'truly exceptional' event [BEIJING] Beijing said farewell to the Olympic Games last night with all the theatricality with which it had welcomed them here at the Bird's Nest stadium two weeks ago. The Games saw China
      -AFP.AP; PHOTOS: REUTERS, XINHUA, AFP; REUTERS  -  897 words

  • AVIATION/SHIPPING
    • 307 24 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted a fourth consecutive decline on Friday as vessel queues eased, boosting the number of ships available for hire. The index tracking transport costs on international trade routes fell 43 points,
      – Bloomberg  -  307 words
    • 457 24 Bloomberg Offer to raise wages as much as 2.5% yearly over 3 years holds 'strike issues' [SEATTLE] Boeing's offer to raise pay and benefits as much as U5524,000 over three years for machinists in its largest union is inadequate and the proposal
      – Bloomberg  -  457 words
    • 554 24 Tanker bid Boeing might call it quits AFP [WASHINGTON] US aerospace giant Boeing said on Friday that it may exit the rebidding for a US$35 billion contract to build US Air Force aerial refuelling tankers unless allowed more time to rework its proposal. The Department of Defence (DoD) was forced
      AFP; SEATTLE POST-INTELLIGENCER  -  554 words
    • 299 24 Reuters [ROME/MILAN] Italy's latest plan to rescue Alitalia includes seeking bankruptcy protection for its troubled units before resuming the hunt for a foreign partner, a political source said ahead of a crucial week for the stricken airline. After sputtering through the summer
      – Reuters  -  299 words
    • 2529 24 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
      2,529 words
  • Page 24 Advertisements
    • 66 24 Orient Marine Pte Ltd Exclusive Agent of MARTEK Would you save someone's life at sea if you could? Now you can with the world's first type approved automated external defibrillator LIFEFORCE® To find out more please email proj@ompl-fe.com.sg or call Tel: 6266 6168 6262 5416 Please quote ref #1230 on
      66 words
    • 25 24 I GOOD GAINS I Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email Bl I notices@sph.com.sg.
      25 words
  • Page 24 Miscellaneous
    • 320 24 _____T I F I F I -_-__F F I F I F I ____P~~f^P^^^ H^^H 1 p _H^^^ I CRYPTIC CROSSWORDACROSS 5 Quit ale in order to get somI Hit fellow in the band (6) ething stronger (7) 4 Tell Frank it's narrow (6) 6 See batman upset by humili--8
      320 words

  • SINGAPORE STOCKS
    • 6013 25 Week ended: Aug 22 High »-wks Tel Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil ,6 5.5 iiJ! lf£Z ml 2tt 6d5 S fc s F °s n& 24 10 5 1938 AEI Corp 20.5 4.5 1100 AEM 37 5 15 2101 APON 141
      6,013 words
    • 68 25 Wk Tel Low Code Last Sale Vol COOP) feek Low Lasi (uote Seller Div Net P/E Cap >mil Hii Comi Hii Bin C'vr 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO US200d US6200 US1000 US***** ***** ***** 6170 SPDRS
      68 words
    • 1948 25 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 20 11.5 1181 s AAGrp 31 15 5000 s ABRHIdgs 32 18 8538 s APStrategic 10 2 1501 s Advanced System 38 19 3518 s Afor 42 6.5 1524 s Alantac 20
      1,948 words
    • 209 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalisf 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
      209 words
  • Page 25 Advertisements
    • 28 25 Sole Distributor Service Centre: AUiJEMABS PJGUET {SINGAPORE) PRIVATE LIMITED ...j^^^Bi S^^^a^|j^gj|(|gM^jiPj|M^HwP^*!^ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 *4^£fll f£?r*~^^^^^^^^^^ Internet: Http://www.audemarspiguet.com
      28 words

  • FINANCE & COMMODITIES
    • 363 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Alll 22 World Index Preliminary 954.5 1.0 -15.7 0.7 -17.6 0.6 -16.1 t EAFE Preliminai 893.0 1.4 -20.3 0.7 -22.2 0.5 -20.1 Euro[ Prelim inan 1230.1 2.1 -20.3 1.7 -22.7 1.5 -21.1
      363 words
    • 131 26 As at 9am Aug22 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2270 1.2420 Can dollar 1.3370 1.3530 Euro 2.0770 2.1040 NZ dollar 1.0020 1.0230 terlinc nd_ 2.6200 2.7190 US dollar 1.3970 1.4130 Local dollars to 100 units of foreign currency:
      131 words
    • 174 26 Aug 22 Offer Bid Overnight 9/16 1-month 1 2-months 1 1/8 3-months 1 3/16 Overnight mode: 3/4 US$ Offer 7/16 7/8 1 1 1/16 BJd 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 2.45 2.60 2.82 3.02 3.18 3.30 3.40 Offer 2.35
      174 words
    • 25 26 Aug 22 en H]c Sett STI SIMSCI Auc 334.3 337.4 337.1 Taiwan Auc 264.7 270.5 265.8 Source: MF Global (S) He. Ltd
      25 words
    • 23 26 Aug22 c<t Bid Offer 1-month 1.4046 1.4078 2 months 1.4025 1.4058 3-months 1.4006 1.4039 6 months 1.3952 1.3987 Source: OCBC
      23 words
    • 157 26 Aug22 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2313 1.2345 0.8754 0.8758 Canadian dollar 1.3478 1.3515 0.9582 0.9588 Euro 2.0899 2.0949 1.4858 1.4862 NZ dollar 1.0049 1.0079 0.7144 0.7150 Sterlinc 2.6278 2.6340 1.8682 1.8686 US dollar
      157 words
    • 301 26 Aug 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.1700 97.0150 97.0450 96.9200 ***** ***** ***** 4240 EUROYEN TIBOR FUTURES SepO8 99.160 99.165 ea cr°o! Hill ii:iiS JunO9 99.240 99.240 SepO9 99.180 99.180 DecO9 Mar10 Jun10 99.160 ss;is§ 99.215 99.180 99.165 99i240
      301 words
    • 291 26 Aug 22 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High I Low Close Sett Volume (tonnes) Open Interest Sep 08 Oct 08 Nov 08 Dec 08 Jan/Mar 09 Apr/Jun 09 408.50 406.75 403.50 401.75 400.25 401.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes)
      291 words
    • 100 26 Aug 22 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 08 1321.00 1341.00 1338.00 1310.00 Nov 08 1327.00 1348.00 1346.25 1315.00 Jan 09 1344.50 1365.25 1363.00 1333.00 MarO9 1358.25 1379.00 1377.00 1351.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 08 54.15 55.56 55.10 53.78 Oct08
      100 words
    • 77 26 CRUDE OIL PRODUCTS Aug 21 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 119.91 8.28 WTI (Near Mth) 121.25 5.8 Dubai (1-Mth F) 112.75 2.13 Tapis blend 123.15 1.9 Minas 118.4 1.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 109.17 134.50 0.50 0.15 US$/barrel Opec Oil
      77 words
    • 465 26 Aug 22 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.914 5.982 0.589 6.836 38.005 80.074 0.956 9.301 2.929 1.225 66.677 39.919 1.233 6.705 0.954 27.466 29.713 0.469 0.876 Canada 1.095 6.548 0.645 7.483 41.604
      465 words
    • 90 26 Aug 22 Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****S 20.11.08 1-Year BY*****N 04.05.09 0.80 1.02 0.95 0.95 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • 77 26 Aug22 (US$) (SS) 2.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 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$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.*****
      77 words
    • 62 26 Aug22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Sep 08 2740 Oct 08 2735 Nov08 2725 Dec 08 2731 Total o/p:***** contracts 2721 2752 2693 2726 2750 2689 2715 2753 2688 2736 2751 2688 Turnover: ***** Market
      62 words
    • 134 26 Aug22 GOLD (USS/oz) Auc 21 Auc 22_ Hong Kong London 820.60 unav 821.60 unav Aug 21 Aug 20 834.80 801.55 836.00 802.75 Source: Reuters CAST BAR (S$) Aug22 Buying Sellinc Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1
      134 words
    • 69 26 Aug 22 iri iiuiii, yy.i (US$/tonne) Close Previous Cash 2740.00 2800.20 3 months 2790.00 2850.00 Copper, Grade A (US$/tonne) Cash 3 months 7765.00 7660.00 7973.00 7854.00 Lead (US$/tonne) Cash 3 months 1878.00 1880.00 1902.00 1905.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 73 26 Aug22 COCOA (Btonne) Close Prev Hit h/Low SepO8 1557 1564 1563/1542 Dec 08 1574 1573 1575/1558 Mar 09 1578 1575 1577/1562 May 09 1577 unch 1577/1565 COFFEE (US$/tonne) Close Pev High/Low SepO8 2271 2279 2293/2255 Nov08 2298 2304 2317/2279 Jan 09 2284 2286 2300/2263 SUGAR (US tonne) White Close
      73 words
    • 3573 26 BONDS WARRANTS Fel Zode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price 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 Asiatic Grp
      3,573 words

  • Page 27 Advertisements
    • 603 27 i^ BALISA SHIPPING TRADING PTE LTD H_VL___P_______________________________________________E&l% GLQB___ SERVICE 8 Shenton Way, #40-03 A, Singapore *****1 II l_ ff B:V_ff *****1 j I YTTlllTrffffTT^l^l^l^l^l^l^l^l^B -M I JK. D^n n/«__4n Tel: 6345 5700 Fax: 6345 5227 Im? lfl'l'/'l L I f' 1 I IL I XWT.-'lrT ilMiflifTT^f M M'H'flU'M rClll ULCdI
      603 words

  • Page 28 Advertisements
    • 3248 28 RICKMERS-LINIE -^^wtd^^i^ |Irt~\ EASTERN CAR LINER, LTD Ig§ QGSIfS^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com ill Mm I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I USA Service tf WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov I SIN I ALT I HOU I NEW I JAX I ORF
      3,248 words

  • Page 29 Advertisements
    • 3122 29 ___T^^ H Rl H 19 H II |g_= ANDERSEN "^ISXVIZIL Twm\ GLORY NAVIGATION CRflllpl Wa ffWm'ijW. ISfl Hsfl IMfl I A V shipping coMpa.777 70 Shenton Way, #21-03 Marina House Singapore *****8 OLUn IW"IUH-HOT UllUllr I mWS^JA !SP SJW Pill Hi HI NORTH WEST EXPRESS LINE »#-4fr*«W*fr«^'*] MONTHLY SERVICE TO
      3,122 words

  • Page 30 Advertisements
    • 3391 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
      3,391 words

  • BizIT
    • 858 31 IDC, 2008 Shipments buck trend in a traditionally slow quarter, reports AMIT ROY CHOUDHURY WORLDWIDE PC microprocessor shipments in the second calendar quarter of 2008 reached record levels again, according to new data from IDC. Talking to BizlT, Shane Rau, IDC's research director,
      IDC, 2008  -  858 words
    • <what's up>
      • 121 31 SUN Microsystems has strengthened its regional management team with the promotion of four executives to helm its various business units. Kenneth J Buchanan and Jason Chung have both been designated as the company's new vicepresidents of service practice for the Asia-Pacific region. Grant Richard, a
        121 words
      • 93 31 SECURITY software maker Symantec will hold its "Symantec Vision and Manage Fusion 2008" conference on Sept 9. To be held at the Suntec Convention Centre, the event aims to provide IT professionals with insights on the latest issues and trends affecting the security industry. The
        93 words
      • 63 31 VISUALISATION software specialist VMWare has landed a major contract in the educational sector with Singapore Polytechnic. The school will be deploying VMWare Infrastructure, a suite of virtualisation and management tools, at its infocomm security labs. This implementation will provide students with a platform to
        63 words
      • 97 31  -  WINSTON CHAI PRINTING and imaging giant Fuji Xerox will hold its annual DocuWorld conference at Swissotel the Stamford on Aug 26 and 27. The event, which is targeted at both SMEs and large corporations, will put the spotlight on the company's latest photo technologies
        97 words
    • 648 31  -  LOUIS AU &lt;you say&gt; By NO one knows for certain what the world will be like in 10 years' time. We know for sure, though, that humans and businesses will be more dependent on technology than ever before. We know that change will
      648 words
    • 314 31 AFP [SAN FRANCISCO] Intel on Thursday last week showed off a wireless electric power system that analysts say could revolutionise modern life by freeing devices from transformers and wall outlets. Intel chief technology officer Justin Rattner demonstrated a Wireless Energy Resonant Link
      AFP  -  314 words
    • 1086 32 EIU survey shows that more than half of Singapore firms do not take sufficient action, reports AMIT ROY CHOUDHURY ONLY 20 per cent of Singapore IT managers feel that their organisation's business risk management strategy is tightly linked with the company's IT
      HP, EIU 2008  -  1,086 words
    • 684 32  -  KENNETH JAMES By ALL businesses today are e-businesses, and more. Or at least, they should be if they want to survive and prosper, according to noted futurist James Canton. "The Internet now is the backbone for all business," Dr Canton, chairman and CEO of
      JOSEPH NAIR  -  684 words
    • 405 32  -  WINSTON CHAI By A SECURITY feature typically used by large corporations to secure their Internet connections has now been added for free to Singapore's island-wide wireless network The new function, called Wireless@SG Virtual Private Network (VPN), will be offered as a complimentary benefit to
      FILE PHOTO  -  405 words
    • <what's new>
      • 90 32 AVLABS has unveiled the AVL34O, a speaker system which promises to amplify both the audio and video output from a user's iPod. This is because it incorporates a seven-inch widescreen LCD screen to allow consumers to display video files on their media players. The
        90 words
      • 119 32 AZTECH has taken the wraps off the HLIO9RN, its latest all-in-one networking device for consumers. Besides serving as a wireless router, the product incorporates the powerline networking function found in Aztech's Home Plug devices. The HLIO9RN supports the Wireless-N standard so users can enjoy Wi-Fi
        119 words
      • 106 32 LENOVO has launched the X3Ol, its thinnest and lightest full-function notebook to date. The 13.3-inch laptop weighs merely I.3kg and offers users a choice of a 64G8 (gigabyte) or 128GB solid state drive. It is touted to have a performance improvement of at least
        106 words
      • 77 32 USERS of Windows Mobile-based smart phones and handhelds can have access to a mobile Singapore guidebook called Digital Concierge or DC2Go. The city guide boasts a comprehensive listing of restaurants, cafes, shops and night spots. It is compatible with over 259 phones that are currently
        77 words
      • 58 32  -  WINSTON CHAI INTERNET telephony services provider Mediaßing has lowered its call charges to India to 4.5 cents a minute. The company claims the new rate is nearly 50 per cent cheaper than rival services. Consumers can enjoy the discount when they use Mediaßing services
        58 words
  • Page 31 Advertisements
    • 106 31 ,^B?t BBAIS £m KTOTTPP^ 1&gt;( V/ J_ IV-iLil Toll free: 1800-289-8822* Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT H BALANCE SHEET AS AT 31ST MARCH I^^^^^^^^^^^^^^^^^^^H PROFIT LOSS ACCOUNT FOR THE YEAR Il|ffi H ENDED 31ST MARCH 2008 IHM'PiffPffffiiP^^ T ne Notes to the accounts form an integral part of the
      106 words