The Business Times, 7 August 2007

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Total Pages: 32
1 32 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 Tuesday, August 7,2007
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  • 583 1  -  CONRAD TAN Singapore STl's 3.7% fall is sharpest among major markets in the Asia-Pacific [SINGAPORE] Stock markets around the region were savaged yesterday as the troubles which started in the US sub-prime mortgage market continued to spread. The Straits Times Index (STI) fell 127.05
    Jacqueline Phua&Gareth Chung  -  583 words
  • 823 1  -  SIOW LI SEN It is small and not likely to affect earnings, banks say [SINGAPORE] With fears swirling around the US sub-prime market, OCBC Bank and United Overseas Bank yesterday stepped in to provide more details of their exposure
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  • MARKETS DIGEST
    • 45 1 londay lange ICOMP 1,290.90 -44.52 IIKKEI 225 16,914.46 -65.40 IANG SENG 21,936.73 -601.71 ;et INDEX 815.87 -21.86 JAKARTA COM P 2,189.11 -80.68 IANILACOMP 3,256.99 -95.25 ;eoulcomp 1,855.05 -21.75 ;henzhen B 796.44 +13.05 IUMBAI IND 14,903.03 -235.37 12NOONEDT Change )OW 13,265.72 +83.81 IASDAQ 2,515.00 +3.75
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.620 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.47 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 39 1 IS$ (S$ per US$) 1.516 (USS/SS per 2.043 3.097 :URO(US$/S$/E) 1.382 2.094 'EN 117.70 77.70 3.467 2.287 IK$ 7.829 5.165 !AHT 33.89 22.36 IUPIAH 9,305 6,139 IENMINBI 7.559 4.987 INDIAN RUPEE 40.44 26.68 1.167 0.770 IZ$ 1.314 0.867
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 36 1 W HORIZON TOWERS CLIPPER RACE SME SPOTLIGHT i |k Buyers sue sellers SaSSHIW^HI Building Asean bonds Invigorating the l |ju S| forsBoom-slb SmTH^ through yachting conventions industry PAGE 3 '-^Ski' OK Eft- PAGE 3 PAGE 10
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 47 2 THE figure of 6.5 million used for planning purposes has been doing the rounds for some time now, but Minister Mentor Lee Kuan Yew indicated yesterday that Singapore was unlikely to touch that population level. TOP STORIES, PAGE 3
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      • 59 2 SINGAPORE Computer Systems yesterday reported a 90.3 per cent jump in second-quarter earnings, helped by increased revenues from its higher-margin IT business solutions segment. For the three months to June 30, SCS recorded a net profit of $2.3 million, against $1.2 million
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      • 65 2 STOCKS listed on the Singapore Exchange can now be traded directly via the Internet by the global clients of Saxo Bank, a fast emerging online trading platform provider whose clients now number about 80,000. Saxo Capital Markets, the Singapore subsidiary of Saxo Bank A/S
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      • 74 2 SINGAPORE Petroleum Company said yesterday it has gained a foothold in China's oil and gas market through its first exploration and production project there. It has acquired 100 per cent of a 4,961 sq km offshore block in the Pearl River Mouth
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      • 76 2 IT IS getting more expensive for expatriates to live in Singapore, with differences in cost of living between other regional capitals like Hong Kong becoming narrower, according to the latest survey carried out by global HR management firm, ECA International. From 20
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      • 60 2 CONTROVERSY has erupted in Sri Lanka over alleged tender manipulation for the Colombo South Container Terminal in which PSA International is said to be a bidder. Sri Lanka's Sunday Times newspaper quoted unnamed sources as saying the tender process had been manipulated to favour
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      • 64 2 UNITED ENGINEERS has achieved an average price of $1,300 per square foot after discounts for The Rochester, a 99-year leasehold condo in the one-north precinct. The price a new benchmark for District 5 easily exceeds the $900 psf average achieved earlier
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    • 774 2  - Different this time? Be very afraid R SIVANITHY COMMENTARY Real culprit is complacency fed by a 4-year liquidity-driven bull market ACCORDING to conventional wisdom, the source of the problem in stock markets all over the world is the rapid deterioration in the US credit market caused by the sub-prime mortgage
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    • 679 2 AFP, Reuters Bloomberg, Its higher bid likely to beat offer from Barclays [LONDON] Belgian-Dutch financial services group Fortis yesterday cleared the way for its plan to buy parts of rival ABN Amro, as its shareholders in Belgium and the Netherlands gave their approval.
      AFP,; Reuters; Bloomberg,; REUTERS  -  679 words
    • 583 3  -  MATTHEW PHAN He said that while Spore wants to grow, 5.5 m is more probable to reach [SINGAPORE] The figure of 6.5 million used for planning purposes has been doing the rounds for some time now, but Minister Mentor Lee Kuan Yew
      583 words
    • 347 3  -  VINCENT WEE CLIPPER RACE [SINGAPORE] A yacht is now a crucible for pub-lic-private enterprises as well as for regional cooperation. The Singapore and Asean crew of the Uniquely Singapore Clipper, which will be taking part in the Clipper 07-08 Round the World Yacht Race,
      347 words
    • 432 3  -  MICHELLE QUAH [SINGAPORE] The Horizon Towers saga has taken a new twist, with the thwarted buyers of the Leonie Hill property moving to claim up to $1 billion from the sellers. After the Strata Titles Board (STB) threw out an application
      FILE PHOTO  -  432 words
  • Page 2 Advertisements
    • 508 2 people Clients wanted. \§k m f^\Wi^ m T' (Only excellent companies VVvl bV need apply) www.thepeopleatwork.com Asia-Pacific Executive Search Corporate Treasury Risk Management Dates Coiporates can no longer excuse themselves from the imperative responsibility to 12-13 September 2007 manage their financial risks effectively just because they are "only in the
      508 words

  • Page 3 Advertisements
    • 129 3 ORCHARD: SCOTTS RESIDENCES SINGAPORE A GREAT WAY TO LIVE Welcome to Orchard Scotts Residences, m where you'll experience the very best services and facilities that only the world's top resorts can offer. A team of professional service providers is available to take care of your personal needs. Every recreational facility
      129 words

  • SINGAPORE MARKETS
    • 563 4  -  R SIVANITHY STOCKS Banks and penny stocks the worst hit, as ST Index suffers another three-digit loss PERHAPS not surprisingly, given Wall Street's Friday performance, the bottom fell out of the stock market yesterday as prices collapsed across the board in response to the US's growing
      Bloomberg  -  563 words
    • 88 4 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 0 17 0 0 0 0 0 17 0 Manufacturing 205 15 38 243 20 Commerce 71 24 95 Tpt/Stor/Com ms 38 41 Finance 29 30 Construction 21 11 32 Properties 33 35
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    • 126 4 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL lulti Ind 38,691 38,691 161,226 161,226 lanufacturing 400,446 165,826 566,272 425,096 36,058 461,154 Commerce 381,821 23,832 405,653 116,789 5,218 122,006 'pt/Stor/Comms 152,831 4,556 157,387 331,154 3,746 334,899 :inance 83,486 11 83,4971,076,214 3 1,076,217 Construction 227,625 52,813 280,438
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    • 226 4 Jlgreen 0.50 1.620 +0.010 \scendasreit 0.97 2.580 -0.070 lapitaComm 0.54 2.560 -0.060 la pita Land 4.80 7.150 -0.250 :apitaMall 0.95 3.500 -0.160 :hart SemiCond 0.62 1.120 -0.020 jtyDev 2.75 13.900 -0.800 lomfortDelGro 1.43 1.980 -0.020 losco Corp 1.67 4.900 -0.060 Creative Tech 0.17 6.600 -0.350 IBS
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    • 194 4  -  UMA SHANKARI Singapore Land Aug 6 close: 559.00 Kirn Eng Research, Aug 6 STEADY performance: Sing Land saw a net profit increase of 29 per cent year-on-year to $62 million for IHO7 and 21 per cent quar-ter-on-quarter to $33.9 million for 2Q07. We have increased our full-year forecast
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    • 563 4 Kehve Research CHART POINT j Source: FOLLOWING the market rout last week, many die-hard bulls were wondering last Friday whether it was safe to step back into the water. After all, the US sub-prime mortgage issue has been lingering for months, while the
      Kehve Research; NextVIEW  -  563 words
    • 524 4  -  LARRY WEE CURRENCIES THE rush to seek safe-refuge destinations in financial markets yesterday boosted low-yield-ers like the Japanese yen and the Swiss franc, while inflicting the day's heaviest losses on high-yielders like the New Zealand dollar. News last Friday of another awful 2-plus per cent
      : Reuters  -  524 words
    • 4 4
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    • 4 4
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    • 45 4 Aug 6 VALUE CLOSE -2347.00-526.00 IT OB/OS IT CADI -*****.00-599.00 IT 10-day MA -*****.00-235.00 ll-SG Equities 916.60 -36.23 G Equities Elect 117.04 -3.88 G Equities Fin 2325.77-118.93 G Equities Prop 1430.78 -64.42 iMSCI 406.91 15.79 iMSCI Future 402.90 14.30 TimePartnersCI 247.69 9.92
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    • 57 4 VOLUME FHTK Hldqs 191,883,000 Yonqnam 54,923,000 Jasper 48,151,000 El-Nets 45,485,000 *StarCruises 37,134,000 DBS MBLeCW*****9 35,980,000 SingTel 30,661,000 HLG 29,231,000 UOB MBL eCW*****5 28,975,000 STI 3400 DBePW*****1 25,674,000 VALUE(S) DBS Grp 489,690,200 UOB 315,875,300 OCBC Bk 196,104,150 Capita Land 114,293,202 SingTel 104,502,361 Keppel Corp 83,863,600 CityDev 60,627,900 SIA
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    • 109 4 BY CENTS CLOSE UP 6650 121.2 1.2 GLD 10US$ STI 3600SGAePW*****0 100 40.5 68.1 STI 3450SGAePW*****0 63 31.5 100.0 STI 3600SGAePW*****7 112 31.0 38.3 STI 3500SGAePW*****7 88 28.0 46.7 STI 3600SGAePW*****0 120 24.0 25.0 STI 3500SGAePW*****0 97.5 22.5 30.0 STI 3700BNPePW*****0 72 20.5 39.8 STI 3400SGAePW*****7 64.5 20.0 44.9
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    • 111 4 CLOSE DOWN 2240-227.3 -6.3 JMH UOB 1970-130.0 -6.2 Jardine C&C 1480-110.0 -6.9 DBS Gri 2090-100.0 -4.6 JSH 1280 -90.9 -4.5 Cifr 1390 -80.0 -5.4 DBS Bk6% NCPS 10 ***** -80.0 -0.7 China H 10US$ 1560 -75.8 -3.1 B Sembawam 1100 -60.0 -5.2 Kej :l Cor| 1290 -60.0 -4.4 BY
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    • 84 4 iere! S$ stands Aug 6 CHNG CLOSE FR Aug 3 YR 2007 S$ LOW S$ HIGH USS 1.5155 0.18 1.5479 1.5033 Euro 2.0950 -0.74 2.0996 1.9913 Pounds 3.0921 -0.04 3.1194 2.9323 AS 1.2985 0.06 1.3411 1.1741 Yen* 1.2879 -1.02 1.3277 1.2285 Rui liah* 0.***** 0.40 0.*****0.*****® Baht* 4.4731 0.27
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  • COMPANY NEWS
    • 654 5  -  CHOW PENN NEE But GE says all Great Link Choice funds performing with no losses GREAT Eastern Holdings (GEH) a subsidiary of OCBC Bank- said four of its funds have exposure to collaterised debt obligations (CDOs). But it said "policyholders should not be
      654 words
    • 332 5  -  ROLAND LIM Revenue up 26.4%, boosted by business solutions segment SINGAPORE Computer Systems (SCS) yesterday reported a 90.3 per cent jump in second-quarter earnings, helped by increased revenues from its higher-mar-gin IT business solutions segment. For the three months to June 30,
      332 words
    • 496 6  -  TEH HOOI LING With SaxoTrader, Spore investors can gain direct access to 21 global exchanges STOCKS listed on the Singapore Exchange can now be traded directly via the Internet by the global clients of Saxo Bank, a fast emerging online trading platform provider whose
      496 words
    • 209 6  -  UMA SHANKARI CELESTIAL NutriFoods yes;erday said net profit for ;he second quarter ended June 30, 2007, fell 8.3 per ;ent to 98.5 million yuan 5519.7 million) from 107.4 nillion yuan a year ago. Profit figures, the compaly said, were hit by the
      209 words
    • 326 6  -  LYNETTE KHOO By Earnings jump to $55.1 m; group to pay special dividend BOLSTERED by strong trading volumes across the regional stock markets and divestment of financial assets, Kirn Eng Holdings saw its net profit for the second quarter ended June 30 more
      326 words
    • 297 6  -  DONALD URQUHART RICKMERS Maritime Singapore's third shipping trust which was listed in May this year posted net profit of US$2.B million for its first financial period from March 30 to June 30. Rickmers, managed by Rickmers Trust Management, was constituted on March 30 and
      297 words
    • 473 6 Halt-year results ended June 2007 lune Rff COMPANY CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE 1 Great Eastern 277.90 188.60 47.3 4521.10 3829.30 18.1 59.00 40.00 47.5 2 Kim Eng Hldgs 93.07 40.69 128.7 260.92 166.80 56.4 15.81 3 Celestial 36.82 38.17 -3.5 164.75
      473 words
    • 694 6  -  LYNETTE KHOO AS foreign banks scramble to gain access to the growing household savings in China estimated to be worth some $3.1 trillion, the latest to jump on to the bandwagon of local incorporation there was OCBC. Its move to launch
      694 words
    • 463 7  -  RONNIE LIM It acquires 100% of a 4,961 sq km block off Pearl River Basin in deal with CNOOC SINGAPORE Petroleum Company said yesterday it has gained a foothold in China's oil and gas market through its first exploration and production (E&P)
      463 words
    • COMPANY BRIEFS
      • 59 7 KEPPEL Corp has secured two contracts worth $150 million in total, it said yesterday. One contract, to build two platform supply vessels, was awarded to Keppel Singmarine. The other, to modify and extend the life of a semi-submersible, went to Keppel AmFELS Inc.
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      • 60 7 KEPPEL Land will pay 309 million yuan (5561.9 million) for a 24 ha site in Shenyang, China, the company said yesterday. KepLand will build a residential township development which could yield up to 5,400 homes on the site. The first phase of the township,
        60 words
      • 64 7 COURTS (Singapore), Singapore's largest furniture, electronics and IT retailer reported a 73.6 per cent increase in its net profit to $1.3 million for the first quarter ended June 30, 2007, up from $734 000 over the same period last year, mainly due to
        64 words
      • 55 7 UNITED Industrial Corporation (UIC) yesterday said it has set up an executive committee with effect from August 3 to "speed up the company's decision-making process". Mr Wee Cho Yaw is the committee's chairman. The committee will have limited authority to approve certain investment, acquisition and/or
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      • 63 7 SWIBER Holdings, a service provider to the offshore oil and gas industry, said that it has acquired 100 per cent of North Shipyard (Pte) Ltd for $10.3 million. The acquisition price is paid in cash financed through internal resources. The purchase marks the company's
        63 words
      • 96 7 BENG Kuang Marine is proposing a share split of each ordinary share into three shares. The company believes that the proposed share split will further improve the market liquidity of the shares over time as the reduced price of each board lot will make
        96 words
      • 66 7 CHINA Precision Technology, a China-based integrated manufacturing services provider for the electronics and automotive industries, said its net profit for the second quarter ended June 30, 2007, rose 21.8 per cent to 29.1 million yuan (554.4 million) from 23.9 million yuan a year earlier
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    • 292 7 Duo also discussing upstream exploration, production projects SINGAPORE Petroleum company has upped its stake in Australia's Cue Energy Resources to 6.75 per cent and had informal talks with the company on how they can better cooperate on upstream exploration and production projects. "It's
      292 words
  • Page 5 Advertisements
    • 112 5 Our qualified professionals |ta/ can assist you with offshore J structures, shelf companies JP and incorporations in ALL jurisdictions including: /^^SM British Virgin Islands £^U^^^^^l Cayman Islands Bahamas 3^ Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts
      112 words
    • 438 5 NOVENA MEDICAL CENTER SINGAPORE'S MOST MODERN SPECIALIST MEDICAL CENTRE NOW WITH ITS HIGHLY COVETED Bth8 th FLOOR UNITS AVAILABLE FOR LEASE Step into the entrance of Novena Medical Center on its Bth8 th floor, and you'll find 6,1 00 sq ft of space dedicated to laboratory and radiology services and
      438 words

  • Page 6 Advertisements
    • 260 6 RICKMERS MARITIME (Business Trust Registration Number: *****03) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 22 August 2007 for the purposes of determining each Unitholder's entitlement to Rickmers Maritime's
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  • Page 7 Advertisements
    • 1464 7 Hie Lantern Private Equity China IPO Fund ("the Fund") offers: Exposure to Private Equity the China IPO sectors via the LPX® Buyout TR Index 1 the IPOX China 20 Index 2 Step-up Protection Mechanism 3 which seeks to protect the NAY of the Fund at a Protected Amount 4 Potential
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  • SINGAPORE NEWS
    • 470 8  -  VINCENT WEE Forum participants from minister to Al Jazeera chief reiterate message BRANDING may be important, but content is still king. This is the common theme underpinning the messages emanating from the Global Brand Forum. From Minister of State for Trade and Industry
      470 words
    • 290 8  -  GENEVIEVE CUA GROSS premium income of the general insurance industry rose 14 per cent in the first six months, but underwriting profits fell due to a steep rise in motor claims. General Insurance Association president Derek Teo reiterated his warning that motor premiums must
      290 words
    • 194 8  -  LYNETTE KHOO TITAN Petrochemicals Group Ltd, a Hong Kong-based oil trader and tanker operator, was the first to step forward with a $50,000 contribution to Child Aid Concert, a children's charity concert organised by The Straits Times and The Business Times. "Our
      194 words
    • 437 8  -  KALPANA RASHIWALA PEARLBANK Apartments in the Chinatown area and Mitre Hotel off Killiney Road have been launched for sale. And on Friday last week, MCL Land said it had bought Dynasty Garden Court 1 in Sixth Avenue for $80 million or $1,160 per
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    • 588 9  -  ARUN JOHN This is largely due to weaker currencies and lower inflation in other Asian cities IT is getting more expensive for expatriates to live in Singapore, with differences in cost of living between it and other regional capitals like Hong Kong
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    • 387 9  -  GENEVIEVE CUA Two partners to commit USslsom to seed start-ups A NEW partnership is seeking to invest in Asian hedge fund start-ups, alleviating the difficulty that start-ups face in raising capital. Asia Alternative Asset Partners (Caymans) Ltd (Triple A Partners) has tied up
      387 words
    • 565 9 BT-TANGS NATIONAL DAY JOINT PROMOTION BT readers can get even more from Tangs' Summer Must-Haves sale THERE'S yet one more reason to celebrate the splendour of National Day. Come Aug 9, readers of The Business Times can get an exclusive welcome at Tangs, in
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  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 602 9 Intelligent Carry Strategy Funds (SCD and USD) A^k^Am^ K I rantage^ of the largest financial marke in the world k Introducing an exciting investment opportunity in the foreign exchange market Enjoy potential quarterly dividends of up to B%p.a. (SCD Fund) and 9%p.a. (USD Fund) of the Initial Issue Price of
      602 words

  • SMEspotlight
    • 799 10  -  SAMANTHA LEE CEMS founder Edward Liv aims to invigorate the MICE industry across Asia, writes IT'S easy not to notice all the hard work that goes into a big exhibition. Everything runs so smoothly that you take it for granted. But the task of putting together
      ARTHUR LEE  -  799 words
    • 364 11  -  TEH HOOI LING By THERE was no escaping the tsunami of selling in the stock market globally except perhaps for those in China. All but one of the stocks in our portfolio declined. The only stock standing firm was leather sofa-maker HTL which actually
      364 words
    • 560 11  -  OH BOON PING Its comprehensive services put it ahead of most competitors, writes LIKE many manufacturing companies, ETLA Ltd provides contract manufacturing services except that it delivers the machines used to make the end-products instead. "Our key products include components, modules, sub-sys-tems and complete
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  • Page 10 Advertisements
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    • 60 10 Just for Men Look out for special offers at TANGS this National Day... At Wardrobe Men, enjoy $42 off with any two regular-priced items from Alain Delon, Caserini Studio, Feraud, Ferragus and Goldlion from Aug 9 to 12. Check out more deals in the Aug 9 edition of The Business
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  • Page 11 Advertisements
    • 225 11 Your Comprehensive Step-by-Step Guide to Successful Mergers Acquisitions. Mr\ Professor Viktoria Dalko (Harvard Business Instructor) 'jP PhD, University of Pennsylvania, USA 1H MA, University of Pennsylvania, USA This 2-day Masterclass is specifically designed for business leaders, key decision makers and financial professionals to update their knowledge when dealing with and
      225 words
    • 108 11 THE OLDEST CHINESE RESTAURANT IN SINGAPORE! 78 th ANNIVERSARYSPECIALJ Parking Available J Breaking new ground for you, exploring new markets and discovering new investment solutions; these are Societe Generale Asset Management's objectives. One of the world's leading asset managers, with €354bn (as of end 2006) in assets managed by four
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  • ECONOMY WATCH
    • 361 12 Bloomberg Companies deterred from borrowing locally by five-year high interest rates [NEW DELHI] The World Bank arm that invests in companies said funding for India, its biggest recipient, will surpass last fiscal year's record US$l billion as interest rates at a
      ■ Bloomberg  -  361 words
    • 148 12 Reuters [BEIJING] China's consumer price index (CPI) is likely to grow by less than 4 per cent for all of 2007 as food price increases are expected to ease in the coming months, a statistics official said. Yao Jingyuan, chief economist of the
      ■ Reuters  -  148 words
  • Page 12 Advertisements
    • 1586 12 STAMFORD TYRES CORPORATION LIMITED (Company Reg. No. *****4416 M) (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the shareholders of the Company will be held on Wednesday, 22 August 2007 at 3.00 p.m. at 19 Lok Yang Way Singapore *****5 to transact the following
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    • 1802 12 A>> I IN THE MATTER OFTHE //< a >rt COMPANIES ACT CAP 50 A Indian Overseas Bank m X^K^ (Incorporated in India) (Co. Reg. no. *****1562H) yr x^ Central Office: 763, Anna Salai, Chennai 600 002 notice of resolutions for MEMBERS'VOLUNTARYWINDING-UP M-^^7[»j^-iTnW^?^TiKf¥T^wTFWi7j Regulation Act, 1949. (Pursuant to Section 290) 4
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  • MALAYSIA/INDONESIA
    • 221 13 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's largest lender, plans to auction 2.3 trillion rupiah (Ss2l2 million) of bad loans in September after the government last year changed rules to allow state banks to write off or sell bad debt. "Thirty-three loans are ready
      Bloomberg  -  221 words
    • 235 13 -AP [LANGKAWI] Malaysia's national car maker Proton may open assembly facilities in Egypt to help it penetrate Africa and the Middle East, a top company official said yesterday. Proton sells models such as the GEN. 2 and Savvy in African countries, including
      -AP  -  235 words
    • 334 13 Xinhua [JAKARTA] Indonesia's state-owned oil and gas company Pertamina will likely sign a joint venture agreement with its Malaysian and Vietnamese counterparts later this month to jointly explore and develop hydrocarbon resources, local press said yesterday. Pertamina and Malaysia's Petronas and PetroVietnam recently had
      – Xinhua  -  334 words
    • 505 13  -  LAUREL TEO Spores AVA says Indon imports available in Republic are safe to eat INDONESIA has asked China to explain its abrupt ban on all Indonesian seafood and aquatic products, and may seek to hold bilateral talks on the matter. The Fisheries and
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  • Page 13 Advertisements
    • 351 13 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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  • INDIA
    • 439 14 Reuters The first cash-and-carry facility is targeted to open by the end of 2008 ;NEW DELHI] Wal-Mart stores Inc and India's Bharti Enterprises yesteriay said they had signed an squal joint venture for Indian cash-and-carry and retail back-end operations. The joint venture, to be
      – Reuters; BLOOMBERG  -  439 words
    • 208 14 Reuters [CHENNAI, India] An Indian court rejected yesterday a challenge by Swiss drug firm Novartis to Indian law that denied patents for minor improvements to known drugs. The court here rejected the challenge saying it had no jurisdiction on whether Indian patent laws complied
      – Reuters  -  208 words
    • 7665 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.075/ Star Europe Bond 1.195/ Star Europe Bal 1.25/ Star Asian Tiger Eqty 1.536/ Star Asia Bond 1.288/ Star Asia Balanced 1.111/ Star Global Technology Fund!" 0.231/ MultiStFd 1.003/ Star Asia Bond(USD) 0.849/ Gib Multi St USD 1.19/ Asia
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  • Page 14 Advertisements
    • 94 14 Allianz Global Investors one of the world's largest asset managers with more Allianz (jjj) than US$l.2 trillion assets under management as at 31 December 2006. G,obal lnvestors company regn. no *****7169Z t^f EVERYTHING CHANGES sL Bear markets have always been temporary. And so have bull markets. J* JIL ■Jit tii
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  • GREATER CHINA
    • 303 15 Bloomberg Task force had missed a June deadline to come up with revamp plan [SHANGHAI] Central Huijin Investment Co, a government investment arm, said it has not decided on the bailout of Agricultural Bank of China, weakest of the four-biggest state-owned banks, according
      – Bloomberg  -  303 words
    • 309 15 ■AP [BEIJING] NBA star Yao Ming was getting married at an upmarket Shanghai hotel yesterday in front of 100 relatives, with an equal number of security guards expected to work the event, media reported. After the ceremony and dinner
      ■AP; _l AP  -  309 words
    • 247 15 Bloomberg Police seize lender with deals in every Chinese province [SHANGHAI] Chinese police closed an underground bank that carried out 4.3 billion yuan (*****.8 million) worth of unlawful de-posit-taking and lending in every province in the country since last year. The illegal bank
      – Bloomberg  -  247 words
    • 108 15 J_ Reuters [SHANGHAI] JPMorgan's China fund management joint venture yesterday said that it aims to raise US$l billion for its first overseas investment fund under China's Qualified Domestic Institutional Investor (QDII) scheme. The fund will focus its investments on financial markets in Asia, excluding Japan and
      J_ ______ Reuters  -  108 words
    • 286 15 Reuters It is the first Chinese insurer to win regulatory approval to invest in H shares, red chips [SHANGHAI] Sino Life Insurance Co Ltd has become the first Chinese insurer to win regulatory approval to invest part of its assets in the Hong Kong
      ■ Reuters  -  286 words
  • Page 15 Advertisements
    • 229 15 RRI H fc.!^!f; Diners Club Card r oapp ac «//64i6 0980 Ajjl I^f >f'M IC^M LiSM K^j i lICSI ML B A World of Exclusive Privileges Treats Cll^k Diners Club rrr.,---.- wuJjlnen.cotn.Bg lU^to^^NATIONAL DAYMOCKTAIL. A Ji A **L j 'Spirit of Singapore' at only I 3 Do your bit for
      229 words

  • MIDDLE EAST
    • 334 16 Xinhua [KUWAIT CITY] A senior Kuwaiti oil official on Sunday played down the current hike in the price of the country's crude oil, saying it was caused by growing global economy and politi- cal tensions. Nawal Al-Fezeih, an assistant undersecretary in the Ministry of Oil
      – Xinhua  -  334 words
    • 563 16 Bloomberg Funds to be spent in 4 years for building business in Asia, acquisitions, capital [BANGKOK] Bahrain's AlBaraka Banking Group BSC, the world's fourth-largest Islamic financial services provider, will spend as much as US$3OO million to woo customers in India and China
      – Bloomberg; I REUTERS  -  563 words
    • 201 16 Bloomberg [ABU DHABI] Abu Dhabi, the largest of seven sheikhdoms that make up the United Arab Emirates (UAE), would have a higher sovereign rating were it not for geopolitical unrest in nearby Arab countries, Moody's Investors Service said. A deteriorating security situation in Iraq,
      Bloomberg  -  201 words
  • Page 16 Advertisements
    • 27 16 i Jarf TfrJtX POP yfl xl BIG POSITIONS ''I I THING FREE! M 3ZJJIIMUYOU sPHmagazines organisedbv: mainsponsor: citißusiness cffibank -pportedby: His !22i w V<^ A LIANHE ZAOBAO
      27 words

  • ASIA PACIFIC / WORLD
    • 667 17 Bloomberg Warren Spector headed fixed income and asset management, the source of the firm's woes [NEW YORK] Bear Steams ousted co-president Warren Spector after credit-market losses and eroding investor confidence at the sec-ond-largest underwriter of securities tied to the slumping US housing market. The
      – Bloomberg  -  667 words
    • 436 17 Reuters [LONDON] Dutch chemicals group Akzo Nobel has won access to Imperial Chemical Industries' books after raising its indicative bid for the British maker of Dulux paints to £8 billion (5524.6 billion). The two firms said yesterday that Akzo,
      ■ Reuters  -  436 words
    • 473 17  -  y ANTHONY ROWLEY T- I Bj THE Ist Asia-Pacific Water Summit, scheduled to be held in Japan's Oita prefecture in December, will aim to get political leaders firmly behind the need to deal with a looming water crisis in the region. One of
      473 words
    • 2381 17 lug RM C000) \&M Realty 2.98 \bricBhd 0.30 \dvance Synergy 0.37 \dventaBhd 1.57 \eMulti Hldgs 0.28 \ffin Holdings 2.60 \hmad Zaki Resou 4.76 Me Corp 0.55 Mrasia Bhd 1.91 \kn Messaging Te 0.25 \kn Technology 0.96 Muminium Co 1.28 Amalgamated Ind 0.58 \minvestment Grp 3.56 \mmb Hldgs Bhd
      2,381 words
    • 391 17 Reuters [SYDNEY] Australian banks are following their US competitors in raising money in Japan, tapping the largest pool of savings in the world and drawing in a new group of investors eager to diversify by going offshore. US issuers have
      Reuters  -  391 words
  • Page 17 Advertisements
    • 171 17 A piece of Singapore history amidst lush tropical landscape An exciting new luxury resort hideaway amongst lush tropical gardens awaits you on the hills of Sentosa Island. A unique blend of colonial and contemporary architectural styles, the Amara Sanctuary Resort offers a world of difference, just minutes from the heart
      171 words

  • AVIATION
    • 403 18 -AP Group says move is discriminatory to other carriers, warns it may hurt tourism KUALA LUMPUR] The In;ernational Air Transport \ssociation yesterday blast--3d Malaysia's move to cut departure tax at its two oudget airline terminals, raying it was discriminatory to other
      -AP  -  403 words
    • 411 18 -Bloomberg [WELLINGTON] Shares of Auckland International Airport Ltd, New Zealand's busiest airport, had their biggest decline in two years on concern the government will block a Dubai-based company from acquiring a controlling stake. The company's stock fell after Trade
      -Bloomberg  -  411 words
    • 396 18  -  YEN SREENIVASAN SOME 500 Donald Trump wannabes have so far registered for Silk Air's giant Monopoly Challenge. Building on the property fever in Singapore, SilkAir last week unveiled its first "Silk Air Monopoly Challenge 2007", offering Singaporeans the
      396 words
    • 261 18 Reuters [TOKYO] Japan Airlines Corp's (JAL) first-quarter loss narrowed by two-thirds, helped by increases in revenue on international routes and efforts to cut labour costs, the company said yesterday. The result put the restructuring airline Asia's biggest by revenue slightly ahead in
      Reuters  -  261 words
    • 2310 18 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
      2,310 words
  • Page 18 Advertisements
    • 140 18 BT/ZUJI Deals of the Week Take a well-deserved break. Slumber in style with 28,000 hotels. Enjoy $10 off airfares booking with Visa Commercial Cards! DESTINATIONS BUSINESS CLASS (from ECONOMY CLASS (from HOTELS (from WEATHER Kuala Lumpur $409 (Japan Airlines) $148 (Japan Airlines) $71 Rain Jakarta $323 (Philippine Airlines) $136 (Garuda
      140 words
  • Page 18 Miscellaneous
    • 220 18 CRYPTIC CROSSWORD I I I A t~\\ leader (ID) M MM Mm mh mh mh mh disgust (6) MM MM MM MM nn rlpcL- C\ Ci\ P^^B UM UtfbK V! V) U7 I I I I I I I I I 1 gency is immoral (8) 28 Notice an abstainer's
      220 words

  • SHIPPING
    • 556 19  -  DONALD URQUHART Claims of tender manipulation to favour some bidders: report [SINGAPORE] Controversy has erupted in Sri Lanka over alleged tender manipulation for the Colombo South Container Terminal in which PSA International is said to be a bidder. The over US$5OO million project to
      BLOOMBERG  -  556 words
    • 356 19 Bloomberg [SINGAPORE] The cost of shipping coal, iron ore and other dry-bulk goods has risen to a record, boosted by gains in bigger vessels and a longer line of ships waiting to load at Australia's Newcastle, the world's biggest coal
      – Bloomberg; BLOOMBERG  -  356 words
    • 364 19 Reuters [SHANGHAI] Top global shipping container maker China International Marine Containers confirmed yesterday it had agreed to buy a stake worth HK$l.l3 billion (Ss2l9 million) in Enric Energy Equipment Holdings. The deal, if successful, would be the first purchase of
      ■ Reuters  -  364 words
    • TRANSPORT STOCKS
      • 102 19 '000 lug. CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQCorp NOL Pacific Shipping Pan-United Corp Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.86 0.37 4.90 0.90 5.80 0.92 0.10 1.05
        102 words
      • 32 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 1.62 9.75 9.75 3.90 2.94 0.27 -0.04 -0.05 -0.05 -0.20 -0.06 -0.04 5( 127' 167! 289' 4} 23:
        32 words
      • 12 19 '00 ■recious Ship Jegional Cont 33.50 32.50 -1.25 -1.00 205! 451
        12 words
      • 12 19 '000 Doil iingamas Cont .90.30 ...5.09 -4 40 -0.24 1711 152!
        12 words
      • 22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 29.50 1.80 2.00 unch -0.50 -0.06 -0.24 697' 50: 1( 1(
        22 words
      • 19 19 Evergreen Marine ....23.25 :irst Steamship 71.50 Wan Hai Lines 24.10 fang Ming Marine ..25.30 -0.35 -0.30 -0.70 -0.80
        19 words
      • 37 19 '000 :awasaki Hvy Ind ..531.00 -3.00 1669! :awasaki Kisen ...1681.00 17.00 608! /litsubishi Hvy 814.00 -23.00 4226! /litsui Eng&Sbldg .727.00 17.00 3099} /litsuiOsk Lines ...1862.00 18.00 909! lippon Express 640.00 12.00 283! lipponYusen 1220.00 20.00 476i
        37 words
    • 464 19 Bloomberg [LONDON] The cost of shipping Middle East oil to Asia, the busiest market for supertankers, may fall for a fifth consecutive week as the supply of vessels exceeds cargoes and refineries wait for crude prices to drop. The supply of
      ■ Bloomberg  -  464 words
    • 379 19 Reuters [SINGAPORE] Asian spot freight rates for intra-Asian clean tanker loadings rose yesterday as traders jumped into the market to try to move jet fuel from the region to the US West Coast. Rates for mediumranged (MR) tankers
      – Reuters  -  379 words
    • 261 19 Babcock Brown acquires Italian port operator for A$92m Bloomberg [SYDNEY] Babcock Brown Infrastructure Group, an Australian owner of ports, gas and power lines, bought a majority stake in Terminal Rinfuse Italia SpA for As 92 million (*****.4 million), its fourth port acquisition in 18 months. The acquisition of the 50.3
      Bloomberg  -  261 words
  • Page 19 Advertisements

  • EDITORIAL & OPINION
    • 483 20 SINGAPORE is an acknowledged leader in transport management but its policy on diesel-melled cars is increasingly looking antiquated. While the Republic's Certificate-of-Entitlement (COE) quota system to control vehicle growth and its Electronic Road Pricing (ERP) system to manage vehicle usage have set the
      483 words
    • 756 20  -  THANG D NGUYEN Indonesia must step up moves to improve its investment climate to retain foreign players By IF you want to solve a problem, the first step is to acknowledge it exists. But sadly, this is not the case with some
      AFP  -  756 words
    • 785 20  -  AL LABITA THE BOTTOM LINE FROM fostering intra-regional economic ties when founded 40 years ago, Asean has grown into a potent force to reckon with in the realm of geo-politics. Its sphere of influence now transcends its borders. At the just-concluded 14th
      785 words
    • 975 21  -  WILLIAM PESEK JR Bloomberg In one of the biggest ironies of global finance, America may now be the one to put the global economy in peril GREETINGS from Coolum, Australia, where Apec finance ministers just wrapped up a most illuminating meeting. Apec
      ■ Bloomberg; AP  -  975 words
    • LETTERS TO THE EDITOR
      • 186 21 WE refer to Simon Ng's letter "4 ways to lift audit, governance standards" (BT, Aug 2). The suggestions Mr Ng raised are useful and we will most certainly take them into consideration. We thank Mr Ng for his invaluable feedback and support. As the regulator of
        186 words
      • 222 21 I REFER to your report "Property companies could be hit by deferred tax provision issues" (BT, Aug 2). Numerous publicly listed companies that are not pure property companies have substantial property holdings in their books and have not revalued their properties for quite
        222 words

  • Page 21 Advertisements
    • 22 21 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. H
      22 words
    • 649 21 Kingsmen KINGSMEN CREATIVES LTD. (Company Registration No. *****0790Z) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Kingsmen Creatives Ltd. ("the Company 1') will be held at 3 Changi South Lane, Singapore *****8, on 22 August 2007 at 10.30 a.m.
      649 words

  • SUB-PRIME WHIRLPOOL
    • 814 22 Reuters Fallout from the US sub-prime crisis continues to inflict damage on financial and stock markets The unravelling US sub-prime mortgage market is causing other markets to fray around the edges faster than anyone expected. As the Federal Reserve convenes for its latest meeting
      Reuters; AP  -  814 words
    • 949 22 NYT In difficulty: The very innovation that made mortgages so easily available a process known on Wall Street as securitization is creating an obstacle for troubled borrowers. As they try to restructure their loans, they are often thwarted by strict protections put in place for
      NYT; BLOOMBERG  -  949 words
  • Page 22 Advertisements
    • 66 22 i<udkr^^ ft. .Ai^i^fl '^ivmim 11 Hr h BUY/SELL Zt ROLEX/PATEK PHILIPPE BREGUET/PIAGET/AP VACHERON IWC JAEGER •#Ol-45A Peninsula Plaza *****155 (ffi»*M) •#O2-90K People's Park Complex 6327 4628 #S«f) •#Ol-45 Theßencoolen 6333 1921 P^Mf JSKPP) •#Ol-51 Orchard Plaza 6836 3272 (J3,tT]S*.4'^) •#Ol-46 Peninsula Plaza 6334 8919 (ffi^^cM) •#Ol-44 People's Park Centre 6533
      66 words
    • 10 22 Lianhe Zaobao I Beijing I Shanghai I express air service
      10 words

  • SINGAPORE STOCKS
    • 8415 23 Transaction date: Aug 6 High Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 3.5 2 5716 1st Software 11 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
      8,415 words
    • 72 23 Hii |h Low Code Comi >an' Sale Cooo) Hii Low Bui rer Seller C'vr P/E $mil ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDP.S 3730 2480 6235 STI ETF 100 3761.6
      72 words
    • 2216 23 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an< Hii 30 13 1181 AAGrp 41.5 18 5000 ABR Hldgs 61 12.7 2319 Adampak 64.5 23 8515 Advanced Hldgs 16.5 1 1501 Advanced
      2,216 words
    • 261 23 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 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
      261 words

  • FINANCE & COMMODITIES
    • 374 24 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug 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 Euroi Preliminary 1526.4
      374 words
    • 60 24 AugO6 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Aug 07 2635 Sep 07 2577 Oct 07 2557 Nov07 2535 Total o/p: ***** contracts 2596 2635 2610 2540 2583 2500 2480 2561 2441 2458 2535 2426 Turnover: 5378 lots Market tone: lower
      60 words
    • 21 24 AugO6 STI SIMSCI Aui 417.5 418.6 402.9 Taiwan Aw 338.5 345.6 343.2 Source: Man Financial (S) Pte Ltd
      21 words
    • 22 24 n X AugO6 Bid Offer 1-month 1.5112 1.5126 2-months 1.5079 1.5094 3-months 1.5045 1.506 6-months 1.4954 1.497 Source: OCBC
      22 words
    • 157 24 AugOe Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2983 1.2999 0.8569 0.8572 Canadian dollar 1.4361 1.4380 0.9479 0.9483 Euro 2.0931 2.0952 1.3815 1.3817 NZ dollar 1.1524 1.1543 0.7606 0.7612 Sterling md 3.0953 3.0985 2.0430 2.043: US
      157 words
    • 347 24 Augoe OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO7 DecO7 MarO8 JunO8 94.805 95.045 95.210 95.270 0 0 0 0 5768 9540 ***** ***** EUROYEN FUTURES SepO7 99.165 99.165 DecO7 99.085 99.110 MarO8 99.000 99.015 JunO8 98.925 98.940B SepO8 98.840 98.845B DecO8 98.750 98.755 MarO9 98.660
      347 words
    • 277 24 Augoe RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Sep 07 Oct 07 Nov 07 Dec 07 Jan/Mar 08 Apr/JunO8 334.75 334.25 333.50 333.50 334.25 338.00 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open Interest Sep
      277 words
    • 131 24 A= 9am Aug 06 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2910 1.3070 Can dollar 1.4280 1.4450 Euro 2.0880 2.1110 NZ dollar 1.1440 1.1680 Sterlini 3.0880 3.1221 US dollar 1.5110 1.5280 Local dollars to 100 units of foreign currency: Currencies
      131 words
    • 163 24 AugOS fer Bii Overnight 2 1/4 1 -month 2 9/16 2-months 2 9/16 3-months 2 5/8 Overnight mode: 2 1/4 US$ Offer 2 1/8 2 7/16 2 7/16 2 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.28 5.32
      163 words
    • 466 24 AugO6 AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.904 6.479 0.620 6.710 34.659 79.749 1.009 7.914 2.971 1.126 51.774 38.961 1.299 6.112 1.017 28.193 29.041 0.419 0.857 Canada 1.106 7.167 0.686 7.423
      466 words
    • 174 24 Aug 06 GOLD (USS/oz) Aw 06 Aui 03 GOLD BULLION COINS (S$) Sellini Bui rim Hong Kong London Hong Kong 671.60 664.50 672.60 665.50 AugO3 AuaO2 London 669.70 663.60 670.50 664.20 Source: Reuters paj veiling puymg 1 oz 1141.69 1019 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm
      174 words
    • 76 24 AugO6 (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.***** SWAP
      76 words
    • 87 24 Augoe Period Issue code Maturity Yesterday's Bid Mi Day's |h Low 3-Month BQO7131Z 09.11.07 1-Year BY*****V 30.04.08 2.42 2.43 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh 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 NY*****N 3.250
      87 words
    • 69 24 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$/tonne) Cash *****.00
      69 words
    • 79 24 03 COCOA (£/tonne) Close Prev Hii ih/Low SepO7 976 991 1001/975 Dec 07 1003 1017 1027/1002 Mar 08 1017 1031 1041/1017 May 08 1026 1040 1048/1025 COFFEE (US$/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 1822/1814
      79 words
    • 96 24 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
    • 77 24 CRUDE OIL PRODUCTS Aug 03 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 75.14 -0.84 WTI (Near Mth) 75.40 -1.45 Dubai (1-Mth F) 69.69 0.6 Tapis blend 80.6 0.85 Minas 77.9 1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.55 86.70 0.05 1.35 US$/barrel Opec Oil
      77 words
    • 2542 24 BONDS WARRANTS 140 32 47 15 315 103 13 5 27 5 47 5 17 12 17 18 23 5 13 24 5 30 5 38 53 33 IE IE 715 45 18 26 5 63 46 5 30 5 24 5 42 32 15 36 15 5 25 5
      2,542 words
  • Page 24 Advertisements

  • Page 25 Advertisements
    • 2890 25 Am The Business Times Shipping times Tuesday, August 7, 2007 25 UK CONTINENT SERVICE U.S.A SERVICE wHmVImJ lm¥ Destination Destination DURUMATA RTM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL kAe rK WALLENIUS WILHELMSEN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I Q Q I S T I C S MIDDLE-EAST SERVICE F.E./S.E.A.
      2,890 words

  • Page 26 Advertisements
    • 3386 26 WAN HAI INTERNATIONAL PTE LTD I $Pi| ff^ t^ h/ VTvi\IAIAM UAI I Ilirr TEL *****588 (14 LINES) FAX:*****163 ■tP^M I*^ IB <w^ C 4 c^LJMO VVIIWAN HAI INtb Customer Service/Bookings Dirert Line-(1800) *****200 KPK^ MM Hi Hi WFFKIY FYPRFSS cam imp SrHFnill F \)_is—A trit fcll«fc«# PKLIEL: (03| *****888
      3,386 words

  • Page 27 Advertisements
    • 3618 27 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
      3,618 words

  • PROPERTY
    • 299 28 Bloomberg Average prices in London will jump 48% on shortage of properties: report [LONDON] UK house prices will increase 40 per cent over the next five years because of a shortage of properties, a report by the National Housing Federation said. The
      Bloomberg; BLOOMBERG  -  299 words
    • 170 28 Reuters [LONDON] ING Real Estate said yesterday it had bought a shopping centre near Stockholm from Swedish family-owned real estate firm CA Fastigheter for around 140 million euros (*****.5 million). The company, one of the world's biggest property fund managers, said
      ■ Reuters  -  170 words
    • 293 30 Reuters The fund will invest in mature assets in major European economies [LONDON] Deutsche Bank's real estate arm RREEF said yesterday it had raised more than two billion euros (555.73 billion) for a fund investing in European infrastructure, continuing its push into the specialist
      – Reuters  -  293 words
    • 152 30 Reuters [HONG KONG] Chinese property developer Zhong An Real Estate Holdings plans to raise about HK$4 billion (*****.8 million) in an initial public offering of shares in Hong Kong, a newspaper reported here yesterday. The South China Morning Post cited a source
      Reuters  -  152 words
    • 283 30 Bernama [KUALA LUMPUR] Supported by high occupancy rates at its two shopping malls, Hektar Asset Management Sdn Bhd, the manager of Hektar real estate investment trust (Hektar Reit), yesterday reported a revenue of RM18.6 million (SsB.3 million) for the second quarter ended June this
      ■ Bernama  -  283 words
    • 98 30 Reuters [HONG KONG] Chinese property developer Country Garden Holdings said it bought four land sites in China's Guangdong, Tianjin, Anhui, and Inner Mongolia for 1.09 billion yuan (Ss2lB million). The developer said in a statement late on Sunday that the sites, with a total
      – Reuters  -  98 words
    • 202 30 Reuters [LONDON,] Irish private property company Quinlan Private said yesterday it had bought a landmark office complex in Amsterdam for 200 million euros ($418.4.2 million) to kickstart its 430 million-euro Western European Office Fund. The 360,000 square feet Atrium office complex was bought
      – Reuters  -  202 words
    • 366 31  -  KALPANA RASHIWALA All 366 units sold at $900 to $1,600 psf in benchmark price for District 5 UNITED Engineers has achieved an average price jf $1,300 per square foot JDsf) after discounts for The Rochester, a 99-year leaseliold condo in the :me-north precinct. The price
      I FILE PHOTO  -  366 words
    • 182 31 Reuters [LONDON] Australian property group Goodman said yesterday it had issued £800 million (552.5 billion) of commercial mortgage backed securities (CMBS) to refinance debt held by its Arlington Business Park Partnership. Defying the most turbulent credit market in several years, Goodman said
      ■ Reuters  -  182 words
    • 377 32  -  UMA SHANKARI Crowne Plaza Changi to open next April, expects 65-75% occupancy AIRPORT hotels normally cater to transit and transient travellers, but the upcoming Crowne Plaza Changi Airport is casting its net wider. The USS6O million hotel plans to aggressively target the corporate and
      377 words
  • Page 28 Advertisements
    • 376 28 For Sale by Tender Prime Residential Redevelopment Site at Dist 10 Singapore AngloChinese Girls' Pri Sen Chinese Sch (Barker Rd) uh't >; Anglo-Chinese #>*o^ Sch(Pri> CTE/CBD 7b [City Towers] <£> <£* ri Sheraton Shangri-La ad Towers Ang o Hotel J? Raffles Girls' Hotel o^ Chinese Sec Sch o <£ jrSch
      376 words
    • 167 28 Ardmore Pk v' >^, y^ >/ Newton 17,997 sf land, freehold, Dist. 9 v\ 2003 MP ®PR 2'8 UP t0 36 storeys VA As built GFA about 54,315 sf PR 3.0), y^l Far East k subject to authority's verification spore ENzabeftJisliibjecK^— S/^ Neighbouring Caimhill/Peck Hay Rd sites y <^» yS^yxejT
      167 words


  • Page 30 Advertisements
    • 193 30 Prime Freehold Residential I Redevelopment Site at I 145 Killiney Road I °^C/jj, The Paragon O 7/v*o Wisma Atria The Heeren 5 O/to 55 Ngee Ann City Takashimaya Shopping Ctr Orchard Central (u/c) O/?~, o>l^«?c^ Somerset H*f*D Central (U/C) A SUBJECT *°*O Site Area: 3,713.5 sqm 39,972 sq ft (approx)
      193 words
    • 152 30 Land ***** sq ft Builit up approx BOOOsq ft Elevated land, wide frontage Facing greenery, panoramic view Land ***** sq ft Rare hilltop land Wide frontage, elevated Panoramic view Land ***** sq ft Flat land. Greenery view KH Tan *****348 I Newsman Realty Pte Ltd Prime Commercial Space For Sale
      152 words
    • 72 30 Boutique Office Building 85 Beach Road I 6-storey office building Bugis °HOR 0 Land Area: 2,076 sq ft approx Junction -1 rr Twr o Gross Floor Area: 9,096 sq ft approx m g s '■'4A(Gs G Hsr I 2003 Master Plan: Commercial 4.2 SUBJECT^ J Walking distance to Bugis MRT
      72 words

  • Page 31 Advertisements
    • 320 31 Ford Avenue Just Sold! $13M Bukit Tunggal Rd 20,300 sqf $17.xM Chancery Lane 26,500 sqf $19.xM Cornwall Gdn (New) 20,000 sqf $20.xM Cornwall Gdn 15,700 sqf $12.xM ClunyHill 15,900 sqf $18.xM East Sussex Lane 34,600 sqf $23.xM Gallop Park Road 14,800 sqf $12.xM Gallop Road 15,800 sqf $16.xM Garlick Avenue
      320 words
    • 217 31 MllipM3U|UJUilitfa| For Sale by Tender X I Prime Commercial fel^^i Development mM in Chinatown Excellent location Beside Chinatown MRT station 111 Prominent frontage to Eu Tong Land area of approx. 15,700 sf *iwt^|B Please call Ms Karen Wan (6228 7315) or Ms Teo Li Kirn (6228 7317) of Investment wttos
      217 words
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