The Business Times, 6 August 2007

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Total Pages: 31
1 31 The Business Times
  • 22 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mm a Singapore press holdings publication mica (p) 202/12/2006 Monday, August 6,2007
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  • 777 1  -  TEH HOOI LING Red-hot action on SGX boosts value traded from Jan to July 18% higher than whole of last year [SINGAPORE] Trading activity on the Singapore Exchange (SGX) has reached unseen levels in the last few months, as the red-hot stock market at least
    : Thomson Financial Datastream  -  777 words
  • MARKETS DIGEST
    • 43 1 Weekly 1,335.42 lange -19.96 ICOMP IIKKEI 225 16,979.86 -303.95 1ANG SENG 22,538.44 -31.97 ;et INDEX 837.73 -25.85 JAKARTA COM P 2,269.79 -28.62 1ANILACOMP 3,352.24 -166.52 ;eoulcomp 1,876.80 -6.42 ;henzhen B 783.39 +9.03 IUMBAI IND 15,138.40 -96.17 )OW 13,181.91 -83.56 IASDAQ 2,511.25 -50.31
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    • 29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.***** TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.46 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 43 1 uss SS US$ (S$ per US$) 1.519 (US$/S$ per 2.036 3.092 EURO(US$/S$/E) 1.369 2.079 YEN 119.20 78.50 RM 3.462 2.280 HK$ 7.829 5.155 BAHT 33.84 22.28 RUPIAH 9,278 6,109 RENMINBI 7.566 4.982 INDIAN RUPEE 40.34 26.56 A$ 1.168 0.769 NZ! 1.307 0.860
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  • 1001 1  -  ANDREW MARKS WALL STREET INSIGHT THE tug-of-war between bears and bulls that has been roiling the markets over the last few weeks is being won by the sellers. One need look no further than comments like that from Greg McCoach, senior analyst with
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  • Page 1 Advertisements
    • 1 1 8"*****r*****V
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    • 54 1 CORPORATE INVESTMENT BANKING ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS Our advice puts our clients 1 centre stage. a Passion to Perform. Deutsche Bank L—J For more information: www.db.com This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. Copyright
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  • Page 1 Miscellaneous
    • 48 1 JBizlT BT ROUNDTABLE DINING OUT WfflfcS^^ Sun Microsystems Making sense of w New chef at Scarlet; new looks to Asia currency market turmoil Tung Lok Signatures J IIBX rage 32 page 4 mLmwikW eatery page 12 y 'flMmWm^B&Smr^ AW What risks worry businesses in i Pi Singapore? r^W^j|^H
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  • TOP STORIES
    • 684 2  -  CHUANG PECK MING Making inroads Chinese central govt pumping billions to beef up region's infrastructure By [SINGAPORE] Of late, Singapore companies have been bypassing China's high-growth coastal region, the country's main attraction for foreign investment, and heading straight for the inner cities on
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    • THREE-MINUTE DIGEST
      • 70 2 A "PERFECT storm" comprising a sliding dollar, an unwinding of yen carry trades and a credit crunch in US markets has sent global financial markets reeling. Volatility is back and global asset valuations are looking shaky. BT talks to a panel of experts
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      • 68 2 THE shares of the three local banks fell last Friday despite reports saying that their exposure to collateralised debt obligations (CDOs) is small. There is obviously still some fear of more contagion from the global CDO fallout, with one analyst saying that the
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      • 63 2 INVESTOR relations is aimed at improving a company's share price by keeping shareholders and other market players informed. But should IR consultants link their fees to the performance of a client's stock? One firm here does just that, but it
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      • 63 2 OCBC Securities is launching its Share Financing Simulator, an online tool designed to let customers take better control of their investment plans under margin financing. The simulation tool, OCBC said, is able to generate different scenarios for evaluation based on the current value
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      • 52 2 THE Asia-Pacific region is playing an increasingly important role in global drug development trials, according to Bayer Schering Pharma. The pharmaceutical company's own global funding for this has shot up from zero to 20 per cent today for this region. SINGAPORE NEWS,
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      • 49 2 MALAYSIA marks its 50th year of independence in less than a month. But the Merdeka spirit seems muted and not many see any incentive to "light up" or celebrate the occasion, our XL correspondent Pauline Ng writes. MALAYSIA, PAGE 16
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      • 62 2 POLICY makers in Hong Kong are facing a summer of discontent from its urban dwellers as they protest, litigate and mobilise the community against over-development in the city. These range from emotive hunger strikes over the destruction of historic sites to threats of lawsuits
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      • 58 2 SERVER and software maker Sun Microsystems sees Asia, especially South Asia, as one of the main growth drivers, as it seeks to ramp up growth into the double digits, CEO and president Jonathan Schwartz told Bizlt in one of his first interviews after
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    • 660 2  -  RONNIE LIM It is beefing up infrastructural, logistics support By [SINGAPORE] Singapore is taking steps to better cater to more petrochemical investments and new plant facilities like the billion dollar crackers of Shell, and also possibly ExxonMobil. It is beefing up infrastructural
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  • Page 2 Advertisements
    • 53 2 mamla Our resume PS2KSIr includes Fortune VwOl Iv 500 companies. www.thepeopleatwork.com Asia-Pacific Executive Search T k |p> T^r) /s^/^SJfM l^l^^^\ www.singaporesunfestival.com Mkk SUN jJS BW^^^-J^S^'ii'iil^f'llß^^M T^f^: 11 B BE 33 SB Official Card Official Newspaper Presented by Supported by Held in m CSVmmMI C* uniquely WSA THE BUSINESS TIMES Lj
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  • ENTREPRENEUR INSIGHTS
    • 940 3  -  As competition intensifies, manufacturers need to use technology to develop new products that will grow their business. And help is available, report CHARMIAN KOK and NISHA RAMCHANDANI THE days of relying on low costs and pure manufacturing competencies to draw investments and business into Asian
      FILE PHOTOS; FILE PHOTO  -  940 words
    • 1493 3  -  Prof Bhattacharya: INSEAD'S PERSPECTIVE UNTIL the mid to late *****, Asian economies were primarily confined to the role, albeit quite comfortably, of standard manufacturing centres with their primary strengths centred on the availability of low-cost labour and resources. Shantanu Bhattacharya (associate professor of
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  • Page 3 Advertisements
    • 88 3 C""1 RFDIT Si IISSF Entrepreneur Insights is brought to you through the collaboration of The Business Times, Credit Suisse and INSEAD. The content is based on the "Growth Challenges for Asian Entrepreneurs" research programme, performed by InnovAsia, the applied business research unit of INSEAD. X IN O tj J\. Both
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  • CURRENCY ROUNDTABLE
    • 2317 4 How far will the US$ fall? Will yen 'carry trade' positions unwind swiftly? Experts give their take on these and related concerns OVERVIEW THE combination of a sliding dollar, an unwinding of yen "carry trades" (whereby yen are used to finance investment or
      REUTERS  -  2,317 words

  • COMPANY NEWS
    • 676 5  -  SIOW LI SEN LOCAL banks are desperately hoping there will be no contagion from the US sub-prime mortgage crisis given their small exposure to the high-risk loans. Last Friday, banking stocks fell even though report after report said the three local banks' exposure
      BLOOMBERG _C _._• _ 7.  -  676 words
    • 466 5  -  MATTHEW PHAN It eyes proceeds of $21m with shares priced at 25 cents SUN Bingzhong was a school principal in China in the 1980s when the government decided that all schools must start running a business to cover their expenses, partly to lead the
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    • 472 7  -  JANICE HENG They say share price movement may not be a reflection of firm's performance INVESTOR relations (IR) is aimed at improving a company's share price by keeping shareholders and other market players informed. But should IR consultants link their
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    • 315 7 Online tool lets customers analyse their portfolios Customers can also use the simulator to create various possibilities and review alternative investment approaches before they make decisions on their equity portfolios, OCBC said. The Share Financing Simulator is "yet another first" for OCBC Securities, the bank
      FILE PHOTO  -  315 words
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  • Page 6 Advertisements
    • 685 6 INITIAL PUBLIC OFFERING SUNMART HOLDINGS LIMITED *A f* With its history dating back to 1997, *siSp^ j i Ml P 1^ Sunmart Holdings Limited ("Sunmart") is *-~Ko#f principally engaged in the production and sale of ''A/.'/kjMI/jffi MuKLSJ '^M^^^ a wide range of spray products, comprising spray pumps, HC*Mirf§ J£ aluminium
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  • Page 7 Advertisements
    • 664 7 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES X As a frequent flyer, you'll have expectations that are as lofty as your aspirations. And one Card is set to meet your unique demands
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  • SINGAPORE MARKETS
    • 687 8  -  R SIVANITHY STOCKS Senior Correspondent AMIDST the turmoil in markets everywhere, it has passed virtually unnoticed that the US Federal Reserve will hold its next Federal Open Markets Committee (FOMC) meeting tomorrow. The market realistically doesn't expect any change to
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    • 879 8 Payment (cts) Ex Books date close Pay date Adv Intel [rated 0.100 24-Jul 27-Jul 08-Aui Advanced Hldi 0.500 03-Aui 08-Aui 28-Aui Allco Comm REIT 1.290 O2-AU( 07-Aui 29-Aui Allco Comm REIT 0.78TE 02-Aui 07-Aui 29-Aui Allco Comm REIT 00 0.920 02-Aui 07-Aui 29-Aui Ascendas REIT 15th tt 3.370
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    • 503 8 AFP CURRENCIES [HONG KONG] Asian currencies ended the week mixed against the US dollar after global share prices rebounded and as dealers predicted a rise in Australian interest rates. Japanese yen: The yen fell back after hitting a four-month high against the dollar as
      AFP  -  503 words
    • 238 8 COMMODITIES [LONDON] The price of New York oil surged this week to a historic peak above US$7B per barrel, propelled by falling crude reserves in key energy consumer the United States, analysts said. Meanwhile, commodity traders kept a keen eye on the state of
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    • 1797 8 Source: Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlco Commercial REIT 1.50 1.50 6 4.66 23.83 1.44 1.08 .II' ireen Pro lerties Ltd 2.90 2.78 10 8.00 20.88 1.70 1.61 ,rmstroni Industrial
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    • 4 8 WEEKLY
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    • 3 8
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    • 45 8 CLOSE -1821.00 -16.0 BT OB/OS BT CADI -*****.00 +241.0 BT 10-day MA -*****.00-182.00 All-SG Equities 952.83 +4.95 SG Equities Elect 120.92 +3.51 SG Equities Fin 2444.70 -39.46 SG Equities Prop 1495.20 +11.55 SiMSCI 422.70 0.32 SiMSCI Future 417.20 -4.60 PrimePartnersCI 257.61 +1.79
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    • 50 8 VOLUME *StarCruises 313,504,000 Centillion 288,640,000 Yonqnam 264,710,000 AscendaslndT 264,217,000 Sapphire 261,179,000 Rowsley 237,619,000 Lexicon Grp 221,559,000 Yonq Xin 206,001,000 Diqiland 196,312,000 Jasper 194,303,000 VALUE(S) DBS Grp 1,383,037,756 UOB 978,434,866 CapitaLand 653,198,405 OCBC Bk 640,206,237 SingTel 533,909,709 SGX 510,212,460 Keppel Corp 507,119,059 CityDev 426,752,742 SIA 393,342,356 AscendaslndT 385,305,744
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    • 108 8 CCCC RB eCW*****8 CLOSE UP 880 205.0 30.4 CMProi 3600 190.0 37. Caj litaLand 740 35.0 5.i Great Eastern 1880 30.0 1.6 TIH 416 28.0 7.2 Dai irm 434 21.3 3.3 Kej Con 1350 20.0 1.! Caj iitalanBNPeCW***** 187 18.0 10.7 Unisteel 207 17.0 8.9 Ban' mTree 249 16.0
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    • 107 8 Clob Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 3280-230.0 -6.6 Omei laNav Asia Pac Brew 1360-100.0 -6.8 >re Land 950-100.0 -9.! B Sembawai 1160 -80.0 -6.! SIA 1830 -70.0 -3.7 SIA 200 1830 -70.0 -3.7 UOB 2100 -70.0 -3.2 BukitSemW*****3 770 -65.0
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    • 87 8 Source: Reuters Aug 3 CLOSE CHNG FR Aug 2 YR 2007 S$ LOW S$ HIGH USS 1.5183 0.13 1.5479 1.5033 Euro 2.0796 -0.09 2.0996 1.9913 Pounds 3.0910 -0.19 3.1194 2.9323 AS 1.2992 0.02 1.3411 1.1741 Yen* 1.2748 0.46 1.3277 1.2285 Rupiah* 0.***** -0.14 0.***** 0.0163 Baht*
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    • 1439 9  -  TEH HOOI LING IT was a merciless rout in the stock market last week, with across-the-board selling paring down the equity holdings of many investors. Four of our portfolios suffered losses of between 7 and 8 per cent. Only the analysts' upgrades portfolio managed
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    • 1269 9  -  ROBERT HALILI INSIDE MARKETS Sentiment also up among directors and fund managers amid market slide DIRECTOR and substantial shareholder activity remained low last week with only 53 firms and 145 transactions, filings on the Singapore Exchange from July 30
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  • Page 9 Advertisements
    • 21 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 57 9 Expert Help, Fast Turnaround to any accounting need: "^^^~^^^^m clear "messy" accounts arising from change of systems staff turnover meet statutory Head Office reporting deadlines submit accounts to financial institutions reconstruct accounts from incomplete records extract financial information for a litigation crunch figures in preparation for IPO Call 6-*****68 now
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  • VIEWS FROM THE TOP
    • 4000 10  -  Annie Yap Control costs Tony Sealy Managing Director, Intense Animation Studio SINGAPORE is looking more expensive than it has done before. This will deflect business to other countries, especially India and China. There may be a global hitch in stock markets causing a tightening of belts all
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  • Page 10 Advertisements
    • 139 10 ENZD -IPB^Hl MODERN LIVING REDEFINED J _J L,,, |rp l^-.^S^ PJpr^B^istle"blowersontheHsel 2fl 191 691B BSKttBi^^Mffi hS& I For a limited time and while stocks last only! i^K^i^i^i^i^i^i^i^i^i^i^n^i^i™i^"^^^&^fiB^iWM^i^P^^Ba«i"^iB^Mfca^iW»iaBB«»"a^i^^»^M«w Central Branch: 601 Sims Drive, #01-13/18, Pan-I Complex A premium collection by DOA Am^i Himmaii j.15 .(o-mM.-.-AJESup.Mo.eiw*****180 Caserne doa Anii-riracy nomne /a* >
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  • DINING OUT
    • 1286 11  -  Jaime Ec NEW CHEF Desire at The Scarlet 33 Erskine Road. Tel: 6511-3303 DESIRE at The Scarlet, the distinctive boutique hotel in Chinatown, has been better known for its saucy menu full of sexily suggestive headings and playful double-enten-dres than for its actual cuisine, but wordplay
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  • Page 11 Advertisements
    • 425 11 Br/& ■■»7»J/F<B REDEFINING INDIAN CUISINE Truly exquisite cuisine, at truly surprising prices Set Lunch (unlimited servings) s2 4 Course fe. $38- (A) 3 Course (n $28 Available from Mon Sat Complimentary Valet Parking Lobster a la Cordon Bleu? Or Sea Bass South African style? She craved something French and fancy.
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  • SINGAPORE NEWS
    • 497 12  -  VINCENT WEE Veritas of US, India's Career Launcher to use Spore as base FHE burgeoning Asian market for test preparation for SMAT and other entry exams such as SAT and GRE lias spurred Indian company Career Launcher and US company Veritas to
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    • 388 12 ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank of America NA 5 Bank of China Limited 5.5
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    • 344 12 Aug 03 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep07 Dec07 Mar08 Jun08 94.735 94.925 95.075 95.140 0 0 0 0 6189 ***** ***** ***** EUROYEN FUTURES Sep07 99.155 99.160 Dec07 99.070 99.085 Mar08 98.970 98.985 Jun08 98.880 98.905B Sep08 98.785 98.810 Dec08 98.690 98.720 Mar09
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    • 442 12  -  MATTHEW PHAN About 20% of Bayer global funding for clinical trials, drug devt spent in region ASIA-PACIFIC is playing an increasingly important role in global drug development trials, according to Bayer Schering Pharma's regional head Chris Lee. Of Bayer's global funding for
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  • Page 12 Advertisements
    • 139 12 7 f'/ v Sing Health -«v i V founda ion y \AV /ttZ. FOR CVWE. V«J CURE FOR l^u r3 CORPORATE G AWVE^ Wn v T^ Come and join us in friendly competition for a good cause. Send a team of 20 from your organisation to compete in 6 sporting
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1014 13 In this ongoing series of the world's greatest investors, JASON LOW turns the spotlight on hedge fund manager Michael Steinhardt F one were to seek inspiration from an investing legend who has made something out of nothing in Wall Street, then Michael Steinhardt would be the
      JACQuEIWe  -  1,014 words
    • Article, Illustration
      785 13  -  CAMPUS LIFE Julius Chen followed his dream and his handmade chocolates have won quite a following, writes JASON LOW MANY have dreams of pursuing their passion as a vocation but few manage to actually live out these dreams during their lifetime. Julius Chen, 22, a second-year sociology student
      YEN MENG JIIN  -  785 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
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  • 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.
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  • ECONOMY WATCH
    • 614 14 -AFP But all eyes will be on its statement as prospect of cut becomes more likely [WASHINGTON] The Federal Reserve is widely expected to keep US interest rates on hold at its meeting this week despite increasing angst about America's troubled
      -AFP; AFP  -  614 words
    • 165 14 Reuters [LONDON] Global economic growth slowed sharply in July thanks to a US slowdown although growth still remains at robust levels, according to a global indicator based on national surveys of manufacturers released last Friday. However, more backlogs of work, strong employment growth and
      – Reuters  -  165 words
    • 445 14 -AFP Deficits of emerging economies worsen as oil bills balloon [PARIS] Record high oil prices are taking a toll on poor countries that rely on imports, analysts say. World oil prices this week hit a record high when New York crude prices
      -AFP  -  445 words
  • Page 14 Advertisements
    • 265 14 BNP PARIBAS INVESTMENT PARTNERS A dream team to help you create your success GOUA C 1 rtJ V X t r a t^^Pm m*^M HffMVKI I BuneCitr^B TitanWe' sS >) fi( KionYelldH Blanco daTTi n >C HiH ihV V. e 'ue 11. HBPBBHi HronengelD H llMPliil Amarillo Limonß le° Sust.hr.
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  • MALAYSIA
    • 311 15 AFP Volkswagen to examine some of Proton's assets this month KUALA LUMPUR] Top European carmaker Volkswagen is to examine "certain issets" of Malaysia's ailing Proton this month, a financial newspaper reported yesterday, indicating talks an a possible tie-up are on track. The Malaysian
      AFP; AP  -  311 words
    • 269 15 ■AFP [KUALA LUMPUR] AngloAustralian mining giant Rio Tinto and a Malaysian firm are to undertake a joint study to build what could be one of the world's biggest aluminium smelters, a source said yesterday. Under an agreement expected to be signed
      ■AFP  -  269 words
    • 724 15  -  PAULINE NG MALAYSIA INSIGHT Sense of disappointment rife as Merdeka Day nears MALAYSIA is about to celebrate its 50th year of independence in less than a month. But except for the "Merdeka articles" in the dailies, one hardly gets a sense of a
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  • Page 15 Advertisements
    • 110 15 SBBHBHSHBBBHi 1 Malaysia, Kuala Lumpur 18 September 2007 B:3Oam to s:OOpm |M| Palace of the Golden Horses Grand Ballroom v Singapore *—^> 20 September 2007 B:3Oam to s:OOpm M Orchard Hotel Orchard Grand Ballroom m Enquiries and registration Venture Concepts Management (VCM) Call: Malaysia (60) 03 7954 0979 Singapore (65)6842
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    • 483 15 fIBTERRA ftrrngi^gj.oul.riaaorrh'iraio<jre&! sl t m si ABTERRA LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3007 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at 8 Shenton Way #31 -02 Singapore *****1
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  • MIDDLE EAST
    • 281 16 ■AFP Revised offer for US retail chain matches rival bid by Fast Retailing Co Ltd of Japan [DUBAI] Dubai investment firm Istithmar yesterday said that it has upped its bid for US retail chain Barneys New York to US$9OO million, matching a rival bid
      ■AFP; AFP  -  281 words
    • 353 16 Reuters Currency to trade up 0.11% against tumbling greenback [KUWAIT] Kuwait's central bank allowed the dinar to appreciate yesterday for the second time in a week, taking the currency to at least an 18-year high against a tumbling US dollar.
      Reuters  -  353 words
  • Page 16 Advertisements
    • 531 16 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
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  • GREATER CHINA
    • 745 17  -  JANE MOIR They are protesting against urban overdevelopment, want better quality of life POLICYMAKERS in Hong [Cong are facing a summer af discontent from its urban iwellers as they protest, litigate and mobilise the comnunity against overdevelopment in the city. From emotive hunger strikes
      AP  -  745 words
    • 193 17 Reuters Move will lead to debt-laden state bank being listed [SHANGHAI] Beijing is set to inject US$4O billion into Agricultural Bank of China (Agßank) in a move that would lead to the debtladen state lender eventually being listed on the stock market, a
      Reuters  -  193 words
    • 201 17 AFP [BEIJING] More than 12 million foreign tourists visited China in the first half of 2007 and the country is in line to set a new record if the trend continues, according to the national tourist body. The total for the first six
      AFP  -  201 words
  • Page 17 Advertisements
    • 382 17 Real challenges. You work in the challensinsworld of multfp|e \I I //< Smooth traffic. D«-J AA »I A platforms, rapid changes and constant demand Real people. /Sss, bin hnH-U»n<arkc for profitability. Real solutions are needed to I^U DOllientSCKb Dpa| colijtioriQ meet these challenges and business goals. UpKO ISA t 2007
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  • INDIA
    • 441 18 ■AFP Dividends of booming economic growth yet to trickle down to rural poor [BANGALORE] Indian Prime Minister Manmohan Singh has warned against complacency over the country's booming economy, saying the dividends of growth are yet to trickle down to
      ■AFP; REUTERS  -  441 words
    • 232 18 Reuters The 4 are joining rival JM Financial, says newspaper MUMBAI] Investment oank JPMorgan's India unit las lost four senior execuives, the latest in a series af moves in the country's filancial sector, where salaries have soared on the back of a booming stock
      – Reuters  -  232 words
    • 149 18 Bloomberg [MUMBAI] Reliance Industries Ltd will invest as much as US$l4 billion over the next three years in oil exploration and production as the government offers new rigs to drill each year. "India is still largely un-der-explored as far as oil
      Bloomberg  -  149 words
  • Page 18 Advertisements
    • 132 18 VI I hi I iWI You see things others rarely notice. M You understand things others can't begin to comprehend. You realise that success is not a destination but part of the journey. That's why you live the privileged life. IVIL E G E c understand you see the world
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  • WORLD
    • 579 19 Reuters, Bloomberg Bid will be declared unconditional if 80% of ABN shares have been tendered [AMSTERDAM] Barclays' offer period for Dutch bank ABN Amro will run until Oct 4 and the British bank's bid will be declared unconditional if at least
      Reuters, Bloomberg; REUTERS  -  579 words
    • 251 19 Bloomberg [NEW YORK] Warren Buffett's Berkshire Hathaway says second-quarter profit rose 33 per cent, fuelled by its insurance units and higher gains on investments. Net income climbed to US$3.l2 billion, or US$2,OlB a share, from U552.35 billion, or U551,522 a year earlier,
      ■ Bloomberg  -  251 words
    • 384 19 Reuters [WASHINGTON] The Securities and Exchange Commission mishandled an investigation of suspicious hedge fund trading that led to the 2005 firing of an SEC attorney, a US Senate report says. The report from the Senate's finance and judiciary committees, released late
      Reuters  -  384 words
    • 516 19 Reuters Report says it is preparing to oust president, co-COO [NEW YORK] Bear Steams Cos said last Friday that it is weathering the worst storm in financial markets in more than 20 years after a major rating company warned mortgage credit problems could
      ■ Reuters  -  516 words
    • 310 19 Bloomberg, Reuters [NEW YORK] A New Century Financial Corp unit has filed for bankruptcy, three months after the parent became the biggest subprime mortgage lender to seek court protection from creditors. Separately, American Home Mortgage Investment Corp, a US lender that halted operations last
      Bloomberg, Reuters  -  310 words
    • 2777 19 Transaction date: Aug 3 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day IONG KONG Vol '000 HK$ \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
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  • AVIATION/SHIPPING
    • 575 20 Bloomberg, AP Proposals by 9/11 panel will toughen air, sea cargo screening rules [WASHINGTON] President George W Bush signed into law recommendations of the independent Sept 11 commission, a major legislative promise by Democrats in the 2006 campaign. The new law stiffens requirements for
      – Bloomberg, AP; AFP  -  575 words
    • 244 20 Bloomberg Both Boeing 777 aircraft suffered minor damage [SINGAPORE] Two Singapore Airlines (SIA) planes hit each other's wingtips while preparing to leave Changi Airport on Saturday, the carrier said. No one was injured. Investigations are under way to determine the cause of the
      ■ Bloomberg  -  244 words
    • 455 20 Reuters [OSLO] A group of north European companies aims to show how fuel cells can clean up ship engines, which now use filthy fuels such as oil refinery residues and can spew out hundreds of times more pollutants than automobiles. The companies
      Reuters  -  455 words
    • 295 20 Bloomberg [LONDON] Staff at London's Heathrow airport, Europe's busiest, have been demoralised by recent criticism of the facility, according to a workers' union. "Heathrow is a tightly knit community and people are affected by the adverse comments," Brendan Gold, national secretary for civil air
      Bloomberg  -  295 words
    • 215 20 Reuters [BERLIN] The German government is looking into the possibility of buying a "golden share" in European aerospace group EADS, a government spokeswoman said on Saturday. Experts were discussing various possible ways of securing Germany's strategic interest in EADS, the parent
      Reuters  -  215 words
    • 2359 20 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
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  • Page 20 Miscellaneous
    • 326 20 CRYPTIC CROSSWORD ACROSS HI BY? BJ3 I Bf BY Bfl 7 Purge has racist compo- BL_^B__^B|_HH_H^^^MH__MH__HH 11 About to lose, being care- J BJ less (6) BJ BJ BJ BJ BJ BJ BJ BJ 12 Wharf ripe for demolition 13 Taking someone on of at- I; I BJ BJ Bj
      326 words

  • SINGAPORE STOCKS
    • 237 21 tod name lose lange Allqreen 0.48 1.610 -0.060 Ascendasreit 0.96 2.650 +0.030 iComm 0.53 2.620 +0.020 Cai .and 4.78 7.400 +0.150 Cai litaMall 0.96 3.660 +0.060 Chart SemiCond 0.61 1.140 +0.030 Ci'Dev 2.80 14.700 +0.200 ComfortDelGro 1.39 2.000 +0.020 losco Coi 1.63 4.960 +0.020 Creative Tech
      237 words
    • 96 21 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 1 16 1 0 0 0 1 16 1 Manufacturing 16 209 49 21 258 13 Commerce 74 20 94 r/O ims 31 34 Finance 27 29 Construction 20 12 32 Pro| ies
      96 words
    • 122 21 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 231,790 231,790 872,269 872,269 Manufacturing 3,492,624 1,592,772 5,085,396 2,955,519 401,460 3,356,979 Commerce 1,600,053 226,675 1,826,728 862,668 69,408 932,076 >r/< 837,032 31,832 868,864 1,970,447 24,610 1,995,057 Finance 317,972 1,612 319,584 3,620,372 517 3,620,889 Construction 1,353,808 555,228 1,909,036 505,830 123,283 629,113
      122 words
    • 8275 21 Hi. Low Code Com| >anj Sale t'ooo) Hi. Low B'u] rer Seller C'vr P/E $mil 3.5 2 5716 1st Software 22 6 3148 STelecom 34 20 5834 A-Sonic 103 98 6389 ABF SG Bond ETF 53 21 1500 ACE Dynamics 30 15.5 1938 AEI Corp 27 17.5 1100
      8,275 words
    • 71 21 Wk Tel Low Code Last Sale Vol room lay L Low Bui .as1 )uote Div Seller C'vr irYld Net P/E /ICai $mi Hii Comi Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      71 words
    • 2241 21 Hii Low Code Comi >an' Sale Cooo] Hii Low Bui rer Seller C'vr P/E $mi 30 13 1181 AAGrp 41.5 18 5000 ABRHIdgs 61 12.7 2319 Adampak 64.5 23 8515 Advanced Hldgs 16.5 1 1501 Advanced System 70.5 9 1524 Alantac 22.5 8 7814 Albedo 46.5 24 5021
      2,241 words
    • 247 21 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
      247 words
    • 374 22 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Alll 03 World Index Preliminan 1133.3 -0.6 3.0 -0.4 4.0 -0.4 5.1" t EAFE Preliminan 1131.2 -0.7 2.1 -0.3 4.6 -0.2 5.7" Euro[ Preliminary 1526.4
      374 words
    • 61 22 Aug 03 Delivery Month Opening Sett Av Range Price Price Hii Vol Open Done Position Low Aug 07 2696 Sep 07 2634 Oct 07 2600 Nov07 2567 Total o/p: ***** contracts 2674 2696 2670 2618 2634 2607 2582 2569 2569 2546 2567 2545 Turnover: 5218 lots Market tone:
      61 words
    • 22 22 Aug 03 STI SIMSCI Aug 421.5 425.9 417.2 Taiwan Aui 345.9 351.9 351 Source: Man Financial (S) Pte Ltd
      22 words
    • 21 22 Aug 03 Bid Offer 1-month 1.5145 1.5157 2-months 1.5110 1.5122 3-months 1.5077 1.509 6-months 1.4982 1.4995 Source: OCBC
      21 words
    • 154 22 Aug 03 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2990 1.3007 0.8556 0.8561 Canadian dollar 1.4358 1.4375 0.9457 0.9462 Euro 2.0786 2.0802 1.3691 1.3692 NZ dollar 1.1610 1.1633 0.7647 0.7657 Sterlini ind 3.0906 3.0934 2.0357 2.0361 US dollar 1.5182 1.5193
      154 words
    • 272 22 Aug 03 KUBBtK Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest SepO7 Oct07 NOV07 Dec 07 Jan/Mar 08 Apr/Jun 08 336.75 336.25 335.50 335.50 336.25 340.00 RSS 3 (US cents/kg) Month Hig ab Low Sett Volume (tonnes) Open Interest SepO7
      272 words
    • 131 22 As at 9am Aug 03 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2940 1.3100 Can dollar 1.4320 1.4490 Euro 2.0680 2.0910 NZ dollar 1.1550 1.1800 Sterlini 3.0720 3.1061 US dollar 1.5090 1.5260 Local dollars to 100 units of foreign currency:
      131 words
    • 161 22 AugO3 fer Overnight 2 1/4 1 -month 2 9/16 2-months 2 5/8 3-months 2 5/8 Overnight mode: 2.45 US$ Offer 2 1/8 2 7/16 2 1/2 2 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.28 5.32 5.33 5.33
      161 words
    • 467 22 AugO3 AS CS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.905 6.475 0.625 6.700 34.521 79.401 1.020 7.898 2.963 1.118 51.706 38.894 1.300 6.038 1.033 28.135 28.958 0.420 0.856 Canada 1.105 7.157 0.691
      467 words
    • 134 22 Aug 03 (USS/oz) Aw 02 Aw 03 Hong Kong London 664.00 664.50 664.50 665.50 Aug 01 Aug 02 664.45 663.60 665.05 664.20 Source: Reuters CAST BAR e» Aug 03 Buying Sellim Kilobar "34,877.72" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 1/OOgm 1 oz
      134 words
    • 77 22 Aug 03 (US$) (SS) 5.***** 2.***** 1 mth 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 5.***** 2.***** 9 mths 5.***** 2.***** 12 mths 5.***** 2.***** SWAP Offer rates (S$) 1 mth 2.***** 2 mths 2.***** 3mths 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.*****
      77 words
    • 89 22 Aug 03 Period Issue code Maturity Yesterday's Bid Mi Day's |h Low 3-Month BQO713OF 01.11.07 1-Year BY*****V 30.04.08 2.42 2.43 2.35 2.35 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year
      89 words
    • 70 22 Aug 03 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2583.80 2660.20 3 months 2645.00 2720.00 Copper, Grade A (US$/tonne) Cash 3 months 7804.00 7670.00 8001.00 7875.00 Lead (US$/tonne) Cash 3366.00 3 months 3320.00 3263.00 3235.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 96 22 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug07 839.00 831.00 841.00 834.00 Sep07 844.75 838.25 850.00 840.50 Nov07 861.00 854.50 866.50 857.00 Jan 08 874.25 868.00 878.00 871.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO7 37.35 37.43 37.44 37.25 SepO7 37.59 37.64 37.72 37.49
      96 words
    • 80 22 Aug 03 COCOA (£/tonne) Close Prev Hii ih/Low SepO7 976 991 1001/975 Dec 07 1003 1017 1027/1002 Mar 08 1017 1031 1041/1017 May 08 1026 1040 1048/1025 COFFEE (US$/tonne) Close Pev High/Low SepO7 1835 1829 1845/1825 Nov07 1852 1843 1860/1844 Jan 08 1835 1827 1843/1828 Mar 08 1820 1807
      80 words
    • 78 22 CRUDE OIL PRODUCTS Aug 02 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 75.98 -0.65 WTI (Near Mth) 76.85 0.45 Dubai (1-Mth F) 69.09 -1.87 Tapis blend 79.75 -2.1 Minas 76.9 -2.1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.50 85.35 -0.15 -0.75 US$/barrel Opec Oil
      78 words
    • 4927 22 BONDS WARRANTS Fel ZodeComi Last Sale +orVol Conv Exer ['000) Ratio Price Disc Gear- Mths ing Left 3779 ASL Marine Hldgs W*****1 105 -12 245 1631 Ace Dynamics W*****7 29.5 -1.5 176 3588 Al green MBL ECW*****0 23.5 -13.5 92 sen RB ECW*****0 2.5 -3 3145 >835 Allgreen RBeCW*****6 3.5
      4,927 words


  • Page 23 Advertisements
    • 2566 23 Am The Business Times mmma Shipping Times 24 Monday, August 6, 2007 j A^3?iil>i« Hi IHiBBWBI IF" 1 ■Hi fefft.:! UK CONTINENT SERVICE U.S.A SERVICE TOffihTOtf^ffffll Destination Destination m^g DURUMATA RTM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL IiNTERASIA RORO SERVICE VESSEL/VOY RAMPQCT) HEIGHT(M) PKG KCH LCB SIN JKT Loads Singapore, E./W. Malaysia, Indonesia
      2,566 words

  • Page 24 Advertisements
    • 3997 24 WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R I I 17 A CTFDN TA D I IIXJI7D I TT* /}®ft OQ T«^ *> /f"^ 7 %-rrf\ u| TEL:*****588 (14 LINES) FAX:*****163 I\K Fl Ej A^ 1 H,KJ> CAK LJJ>H,K, Lf 1U MM [£j^SjlSz/jM6 \\\MN\A/AM HAI INFN Customer Service/Bookings Dircrt Line-(1800) *****200 111
      3,997 words

  • Page 25 Advertisements
    • 3512 25 W^^ m^m WmmW^mWmmmmm^mmWw\mmmmmmmmmmm\ I ll^fl Nordana (Asia) Pte Ltd It^Z^S^ I[» GLORY NAVIGATION GROUPI WkymWtM UM Bi^BLi 70 Shenton Way, #21 -03 Marina House Singapore *****8 %3LW% P/S^s] NORTH WEST EXPRESS LINE lm lnr OWNS OPERATES THE YOUNGEST FLEET [■■]jiHiipp|ppHpßp^Jßpip||||H monthly service to western Australia and islands bates aBEaBBIvaI bates
      3,512 words

  • Page 26 Advertisements
    • 3798 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • Page 27 Advertisements
    • 4972 27 |^^^^^^^^^^^^^^^^^^^^^^^^^^-^^^^^^^^^^^^^^^^^^^^^^^^^^-l y IN THE MATTER OF f A THE COMPANIES ACT, CAP. SO IN THE MATTER OF FIBRECHEM TECHNOLOGIES LIMITED fife "SS" ™«™«t,™., (Incorporated in Bermuda) tYSj "ncorpora^ d' n p to™? eP inthematterof (Company Registration NO. *****) <j3»Sl«^ (Company RegistraHon No. 1 vuamo s*iiali ci SM in ■in inn
      4,972 words

  • BizIT
    • 1023 28  -  BENJAMIN LOW <you say> Next-gen Internet technologies push interactivity to a higher level but also present considerable security threats T| ODAY, millions of users, including Asian organisations, are embracing Web 2.0 technologies such as wikis, tagging, social networks and other interactive sites. With the
      1,023 words
    • 530 28 Bloomberg [WASHINGTON NEW YORK] Federal Communications Commission (FCC) chairman Kevin Martin may fall short of his goal of spurring a historic shakeup of the mobile-phone market when the US sells airwaves worth as much as US$l5 billion next year. The FCC
      Bloomberg  -  530 words
    • Article, Illustration
      856 29 <what's cool> What comes next after 990? For Sony Ericsson it simply goes back to one y quest to find a replacement smartphone for my aging Treo 650 led me to Sony Ericsson's Pli, its latest model in its P-series line of smartphones. Having tried out its
      856 words
    • Article, Illustration
      408 29  - <what's new> ROLAND LIM Microsoft Xbox 360 Elite goes Black MICROSOFT has released the Xbox 360 Elite console, its highest end Xbox 360 package. For $799, you get an Xbox dressed in black that includes a detachable 120GB hard disk drive, a high-definition multimedia interface (HDMI) port, an HD cable,
      408 words
    • 920 30  -  AMIT ROY CHOUDHURY It says flourishing local industry being created due to high demand of social networking services, reports The homegrown Web 2.0 industry in the Asia-Pacific region, excluding Japan (APEJ), is projected to boom as it takes advantage of a huge regional
      REUTERS  -  920 words
    • 252 30 Bloomberg YAHOO, after losing out to Google's You Tube, is revamping its video site by the end of the year to include more content from media companies and Internet users. Music videos, movie trailers, television shows and sports highlights are among the features that
      ■ Bloomberg  -  252 words
    • 216 30  -  ROLAND LIM SUN Microsystems has appointed a new Singapore managing director in a shuffle that saw three of its senior regional executives move into new positions last week. Ong Chee Beng, who was previously its regional director of its storage practice for the Asia South region,
      216 words
    • 312 30 -AFP [PARIS] Experts in artificial intelligence have built a computer programme that can understand simple jokes, marking an important step in making robots seem friendlier to humans, the weekly New Scientist reports. Previous attempts at getting machines to understand humour have
      -AFP  -  312 words
    • 653 30 Bloomberg [NEW YORK] Michael Dell is undoing everything that made Dell Inc unique so he can make it the world's largest personal-computer maker again. It just may work. Eleven of Dell's 16 largest outside investors added to their holdings, according to the most recent
      Bloomberg  -  653 words
    • 316 30  -  ROLAND LIM <what's up> STATE of Play V: Building the Global Metaverse, a conference that looks at issues in the virtual world, will be held in Singapore fromAug 19-22 at the Marina Mandarin Hotel. This is the first time the event, which is put together
      316 words
    • 1044 31 THE BUSINESS OF INFOCOMM TECHNOLOGY Its CEO tells AMIT ROY CHOUDHURY that huge markets and talent make the region a compelling opportunity SERVER and software maker Sun Microsystems, which has just announced its first full-year profit since the dotcom boom of 2001, sees
      1,044 words
    • 303 31  -  AMIT ROY CHOUDHURY SUN Microsystems president and chief executive officer Jonathan Schwartz says that the company's software strategy will see it spending a lot more time and effort to popularise the Open Office productivity suite and the Java Desktop System (JDS)
      303 words
  • Page 28 Advertisements
    • 61 28 Managed Services: Business tT Infrastructure OirtEourcing with uptime of or higher. Internet Marketing: Business Web Sites, Rmnil Marketing, Search Engine Optimisation, Web Sile Analytics. Software as a Service (SuaS); Pinnacle Asset and Facilities Management BoxSenlry -SPAVI Control Microsoft Share Point sites and licenses Microsoft Hosted Lxdiange for Linail and Office
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    • 278 28 Microsoft* Implement Microsoft® Solutions for boosted efficiency! Flexible solutions from Microsoft improve your overall efficiency and help you meet all business needs. Leverage on Microsoft® Server *^tt Solutions and other tools, including; Microsoft® Windows® Server 2003 grows with your business, WindOWS Server2oo3 offering streamlined management of your IT environment with
      278 words

  • Page 29 Advertisements
    • 198 29 Screen images are simulated. ©2007 Samsung Electronics Co. Ltd. m^mm. A^m\ ij^il imagine a colour laser multi-function printer mS^^d big on colour, small on size *^^p^»<Jß _U| HgHfif I ts amaz' n 9 now something this small can make a huge impression. The compact CLX-2160/N delivers instant copies, high-resolution scans
      198 words

  • Page 30 Advertisements
    • 43 30 LLINKVEST Linkvest Network Services I NO 64A to 64H Lorong Ah Soo I Land Area 2,014.5 sqm ir^^kfi^^^hV Tenure: Freehold Allowable Height: 3-storey Mix Landed IPViMIMT*^zVI Elevated Land Ideal for Cluster HhJMMJ Housing H^^VPPH HfiPß^j^l Near MRT Schools Amenities 11 j§|| ||j|| fjf|
      43 words

  • Page 31 Advertisements
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      79 words