The Business Times, 9 August 2007

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Total Pages: 28
1 28 The Business Times
  • 21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg «P* A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Thursday, August 9,2007
    21 words
  • 560 1  -  ANNA TEO Global backdrop favourable, Spore ship is ready: PM [SINGAPORE] Economic growth in the first half of 2007 turned out to be higher than expected, and the government has raised its forecast for full-year growth to 7-8 per cent, Prime Minister Lee Hsien
    560 words
  • 845 1  -  SIOW LI SEN Bank imposes caps on valuations and puts 80% ceiling on loans [SINGAPORE] Wee Cho Yaw has done it again, though only time will tell if he was ahead of the curve. At a time when property
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  • MARKETS DIGEST
    • 47 1 Inesday C Change KLCOMP 1,307.17 +17.04 NIKKEI 225 17,029.28 +107.51 HANG SENG 22,536.67 +628.68 SET INDEX 831.64 +17.24 JAKARTA COMP 2,262.64 +88.56 MANILA COMP 3,375.91 +27.57 SEOUL COMP 1,903.41 +43.59 SHENZHEN B 784.87 -11.13 MUMBAI IND 15,307.98 +375.21 12NOONEDT Change 13,569.66 +65.36 DOW NASDAQ 2,602.82 +41.22
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.718 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.48 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 41 1 US$ (S$ per US$) 1.514 (USS/SS per 2.022 3.062 EURO(US$/S$/E) 1.375 2.082 YEN 119.20 78.70 RM 3.459 2.284 HK$ 7.829 5.170 BAHT 31.10 20.54 RUPIAH 9,295 6,138 RENMINBI 7.576 5.002 INDIAN RUPEE 40.49 26.74 A$ 1.167 0.770 NZ$ 1.313 0.867
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 50 1 EN BLOC DEAL HORIZON TOWERS 'X Jp-^ SIBLING BAnLE Mandalay Road project Sellers ponder deadline ry y M Stanley Ho's sister sold for $100 m extension i^^JHS wins latest round PAGE 2 PAGE 2 I l& 1 A PAGE 2 A BT National Day celebration PAGES 11-18 BT-Tangs promotion BSl^SiUUiQlUUititi^Qjttiim
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  • TOP STORIES
    • 729 2  -  ANDREW MARKS Investors shouldn't expect change in rate stance anytime soon, it says FEDERAL Reserve chairman Ben Bernanke and the Federal Open Market Committee (FOMC) had the chance on Tuesday to stem the bleeding in the stock market caused by the
      729 words
    • 692 2  -  MICHELLE QUAH [SINGAPORE] The majority owners of Horizon Towers who face possible legal action over a botched en bloc sale of the development have huddled together to decide if they should extend the deadline for the completion of the collective sale. Their
      FILE PHOTO  -  692 words
    • 618 2  -  JANE MOIR CASINO SIBLINGS BATTLE HK judge allows her case against Ho to be heard By in Hong Kong THE estranged sister of casino magnate Stanley Ho Hung-sun has won the latest round of an epic sibling battle, with a
      APPLE DAILY FILE PHOTO  -  618 words
    • 524 2  -  MATTHEW PHAN [SINGAPORE] Former US vice-president Al Gore may have to trot the globe some more. At a closed-door seminar with the well-known environmentalist yesterday, the clearest message was not so much the critical importance of climate change though Mr Gore
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    • THREE-MINUTE DIGEST
      • 56 2 HIGHER lending activity and soaring fee income saw the three Singapore banks post a sharp rise in net profit for the second quarter. Their combined net profit rose 35 per cent to $1.77 billion, excluding one-time gains, fuelled by buoyant economic conditions and frenzied
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      • 38 2 profit OCBC Bank has beaten analysts expectations with a second-quarter net profit of $532 million. However, this was a third lower than the year-ago earnings which included a big divestment gain.
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      • 69 2 NEPTUNE Orient Lines (NOL) has upped its capital expenditure target by a third to almost US$l billion to stem its shrinking market share, the group said yesterday as it announced the first rise in profit in seven quarters. For the second quarter
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      • 62 2 STE Q2 earnings riSe 1 2% to $122.8m HELPED by strong performance in the aerospace and land systems divisions, Singapore Technologies Engineering (STE) yesterday posted al2 per cent increase in second-quarter net profits to $122.8 million. Revenue for the three months to June 30 grew 22 per cent to $1.3
        62 words
      • 36 2 TEMASEK Holdings chairman and former minister S Dhanabalan is to be awarded the nation's highest honour, the Darjah Utama Temasek (Order of Temasek)(Second Class) for distinguished service to the country.
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      • 56 2 STANDARD Chartered Bank Singapore has turned in record oper ating prom of US$2O5 miUion for the half-year ended June 30, up 53 per cent. Its operations in the Republic is the strongest performer for the UK-based bank that is 14 per cent owned by
        56 words
      • 61 2 COMPETITION in Hong Kong's pay-TV market has taken an unexpected turn, with struggling i-Cable having won the rights to broadcast the 2012 London Olympics and the 2010 Vancouver Winter Olympics. i-Cable has been losing market share to PCCW's pay-TV arm Now TV since tne
        61 words
      • 70 2 BANGKOK yesterday withdrew its draft Foreign Business Act after lawmakers inserted a clause at the last minute preventing foreigners from having ma j ority management control. Diplomats have said the new law, which already tightened restrictions on new foreign investment by defining ownership in
        70 words
  • Page 2 Advertisements

  • COMPANY NEWS
    • 641 3  -  CONRAD TAN Fee income soars, housing loans climb, leading to 35% rise in core net earnings HIGHER lending activity and soaring fee income saw the three Singapore-listed banks post another sharp rise in core net profit in the second quarter. Their combined net profit
      641 words
    • 568 3  -  CHOW PENN NEE OVERSEA-CHINESE Banking Corporation (OCBC Bank) achieved strong operating profits for the second quarter. Its net profit for the three months to June 30 also beat analysts' expectations but was a third lower than the year-ago earnings which included a big
      568 words
    • 474 3  -  ROLAND LIM By CREATIVE Technology suffered a fall in US sales for the fourth quarter, resulting in net losses for the period widening by more than half. The three months to June 30, 2007 saw a net loss of US$l9.3 million, 52 per cent
      474 words
    • 577 4  -  DONALD URQUHART Group's profit rises for first time in 7 quarters by 38% to USs93m in Q2 NEPTUNE Orient Lines (NOL) has upped its capital expenditure target by a third to almost US$l billion to stem its shrinking market share, the group's
      577 words
    • 375 4  -  WINSTON CHAI SINGAPORE-BASED IT products distributor ECS Holdings said certain substantial shareholders of the company have agreed to sell a 52.5 per cent stake to VST Holdings for $128 million. Under the cash deal, VST, a Hong Kong-listed distributor of computer products
      375 words
    • 494 4 Half-year results ended June 2007 COMPANY CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE 1 OCBC 1179.00 1113.00 5.9 2157.00 2023.00 6.6 37.70 35.20 7.1 2 STEngg 231.64 198.25 16.8 2518.26 2069.91 21.7 7.84 6.78 15.6 3 NOL 207.99 286.43 -27.4 5679.33 5392.05 5.3 14.25
      494 words
    • 510 4  -  MICHELLE QUAH HUP Soon Global Corporation has become the latest "victim" of an accounting change affecting reverse takeovers (RTOs) in Singapore and has been forced to take a massive one-time hit to its bottom line. The company which distributes tractors,
      510 words
    • 518 4  -  MATTHEW PHAN By HELPED by strong performance in the aerospace and land systems divisions, Singapore Technologies Engineering (STE) yesterday posted a 12 per cent year-on-year increase in second-quarter net profits to $122.8 million. Revenue for the three months to June 30 grew 22
      518 words
    • 255 4 By LYNETTE KHOO BUOYED by increased demand for luxury watches across the region and in the absence of foreign exchange losses, Sincere Watch saw its net profit for the first quarter ended June 30 more than doubled from a year ago. The premier watch
      255 words
    • 226 4  -  CHOW PENN NEE By MAINBOARD aspirant Uni-Asia Finance Corporation launched its initial public offering (IPO) yesterday, offering 65.4 million new shares at 55 cents each. Assuming full exercise of an over-allotment option, the IPO is expected to raise gross proceeds of $41.4 million. The company arranges financing
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    • 260 4  -  ARUN JOHN WEIGHED down by finance costs and changes in fair value relating to issued convertible bonds, China Milk Products Group's net profit dipped 7.3 per cent year-on-year to 82.2 million yuan (5516.3 million) for the first quarter ended June 30. Excluding the
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    • 51 4 ATTENTION: MANAGERS We'd like to take four of your worthy staff for an all-expenses paid incentive trip to Australia! Check out our Tourism Australia series in The Business Times this Friday on how you can nominate them for the six-day holiday, courtesy of Tourism
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  • Page 3 Advertisements
    • 32 3 REAL ESTATE HOSPITALITY FINANCIAL SERVICES REITS I A|^/T A I AM Cap/taLand Cap/taLand CapgaLand Cap/taLand Cap/taLand Cap/taMall Cap/taCommercial Tf Retail ILEC AS^° TT --^Financial Trust Cap/taßetail Oi<m/Cap/ta www.capitaland.com <A>AUSTRALAND rvw BUILDING PEOPLE
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  • Page 5 Advertisements
    • 530 5 -w- a Singaporean; my forefather arrived here in the early days, back in the 1880s. Through the years, my family's fortunes have ebbed and flowed, just a like the tides of our shores. lam a true son of the at^fe. soil. My past, present and future lies here. My own
      530 words

  • SINGAPORE MARKETS
    • 550 6  -  SIVANITHY STOCKS Short-covering and broker calls boost banking stocks; all sectors chalk up gains BANKING stocks, which have been battered because of US sub-prime mortgage and the associated CDO (collateralised debt obligations) concerns, yesterday rebounded smartly, helping the Straits Times Index to surge
      Bloomberg  -  550 words
    • 96 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 14 1 3 0 0 0 14 1 3 Manufacturing 159 18 44 31 10 190 24 54 Commerce 62 12 14 76 17 Tpt/Stor/Comms 34 36 Finance 23 24 Construction 16 25
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    • 120 6 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 47,508 47,508 152,422 152,422 Manufacturing 395,004 214,913 609,917 407,359 46,101 453,461 Commerce 228,314 13,894 242,208 123,883 2,954 126,837 Tpt/Stor/Comms 124,527 4,274 128,801 309,018 3,888 312,906 Finance 57,392 108 57,500 698,607 31 698,637 Construction 169,832 53,752 223,584 70,990 15,214 86,204
      120 words
    • 237 6 Stock name «V1 Close Chani Allgreen 0.49 1.630 4-0.050 Ascendasreit 0.94 2.600 4-0.050 CapitaComm 0.54 2.640 4-0.030 Capita Land 4.78 7.350 4-0.150 CapitaMall 0.93 3.520 4-0.040 Chart SemiCond 0.62 1.160 4-0.040 CityDev 2.86 14.900 +0.700 ComfortDelGro 1.41 2.010 4-0.010 Cosco Corp 1.67 5.050 4-0.250 Creative Tech
      237 words
    • Article, Illustration
      922 6  -  UMA SHANKARI 01am International Aug 8 close: $2.93 Deutsche Bank, Aug 6 Source: FUNDAMENTALS solid, valuations reasonable; upgrade to "buy": With solid fundamentals and valuations now sufficiently attractive, we upgrade 01am from "sell" to "buy". In the near term, the cost of borrowing could rise, which could lower
      : Bloomberg  -  922 words
    • 518 6  -  LARRY WEE CURRENCIES A CONFlDENTsounding Federal Reserve statement helped to calm frazzled financial market nerves overnight, fostering the return of risk appetite in Asia yesterday. For example, Jakarta's benchmark Stock Exchange index jumped more than 4 per cent, helping the Indonesian rupiah to recover
      Reuters  -  518 words
    • 4 6 DAILY
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    • 3 6
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    • 49 6 Aug 8 VALUE CLOSE -1949.00 +660.0 BT OB/OS BT CADI -*****.00 +432.0 BT 10-day MA -*****.00 -195.0 All-SG Equities 940.23 +30.53 SG Equities Elect 118.81 +3.79 SG Equities Fin 2442.81 +103.1 SG Equities Prop 1472.72 +42.36 SIMSCI 420.65 +15.28 SIMSCI Futures 419.20 +15.40 PrimePartnersCI 253.67 +9.50
      49 words
    • 54 6 VOLUME ChinaHonqc 118,756,000 Jade Tech 44,711,000 Armarda 42,465,000 Yonqnam 42,099,000 DBS MBLeCW*****9 35,079,000 FHTK Hldqs 34,634,000 HLG 33,974,000 Baker Tech 33,642,000 Abterra 32,111,000 *StarCruises 29,493,000 VALUE(S) DBS Grp 280,071,100 UOB 217,311,255 OCBC Bk 128,477,800 Capita Land 105,331,320 SingTel 86,983,245 CityDev 85,586,100 Keppel Corp 72,568,600 ChinaHonqc 65,206,060 SGX
      54 words
    • 110 6 BY CENTS CLOSE UP 2120 120.0 6.0 UOB DBS Gri 2180 110.0 5.3 Venture Con 1480 80.0 5.7 At 1490 70.0 4.9 China H 10US! 1600 60.6 2.6 Kei Con 1330 60.0 4.7 Asia Pac Brew 1380 50.0 3.8 ■e Land 955 50.0 5.5 Ezra 595 40.0 7.2 Jardine
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    • 120 6 CLOSE DOWN iembcori DBeCW/*****0 41 -38.0 -48.1 STI 3600SGAePW*****0 69.5 -30.5 -30.5 STI 3450SGAePW*****0 39 -25.0 -39.1 STI 3500SGAePW*****7 63 -25.0 -28.4 IntRoller 90 -23.0 -20.4 STI3500SGAePW*****0 76 -22.5 -22.8 STI 3600SGAePW*****0 97.5 -20.5 -17.4 STI 3400SGAePW*****7 46 -18.5 -28.7 STI 3400SGAePW*****0 59 -18.0 -23.4 STI 3600BNPePW*****0 36 -18.0
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    • 87 6 Wh lere! S$ stands Aug 8 CHNG CLOSE FR Aug 7 YR 2007 S$ LOW S$ HIGH uss 1.5135 0.15 1.5479 1.5033 Euro 2.0818 0.49 2.0996 1.9913 Pounds 3.0614 0.40 3.1194 2.9323 AS 1.2974 -0.01 1.3411 1.1741 Yen* 1.2692 0.47 1.3277 1.2285 Rupiah* 0.***** -0.34 0.***** 0.***** Baht* 4.4567
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  • SINGAPORE NEWS
    • 482 7  -  GRACE CHUA Did instrumental work as Minister of Trade, National Development By TEMASEK Holdings chairman and former minister S Dhanabalan is to be awarded the nation's highest honour, the Darjah Utama Temasek (Order of Temasek)(Second Class) for distinguished service to the country. In a
      482 words
    • 401 7  -  SIOW LI SEN STANDARD Chartered Bank Singapore has turned in record operating pre-tax profit of US$2O5 miUion for the half-year ended June 30, up 53 per cent. Its operations in the Republic are the strongest for the UK-based bank that is 14 per cent
      401 words
    • 463 7  -  ARUN JOHN THE tussle for talent has left companies here forecasting salaries will rise by at least 4.3 per cent on average this year, up from 3.9 per cent last year, according to a salary survey by HR consulting firm Mercer.
      463 words
    • 224 7 THE dean of the School of Law at Singapore Management University (SMU), David N Smith, has stepped down and will be replaced by colleague Michael P Furmston. Prof Smith, who was appointed less than a month ago and is a former vice-dean of Harvard Law
      224 words
    • SINGAPORE ROUNDUP
      • 49 7 THE Singapore Chinese Chamber of Commerce Industry has set up a liaison group to help Chinese entrepreneurs and professionals integrate into local society. The group aims to harness the strengths and resources of new immigrants to grasp business opportunities and develop markets here and abroad.
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      • 93 7 PREMIUMS for certificates of entitlement (COEs) rose across the board yesterday, continuing a trend that started in mid-July. COEs for cars up to 1,600 cc went up to $17,001, from $16,000 in the previous round. Premiums for big cars with a capacity of 1,601 cc
        93 words
      • 77 7 THE Straits Times online (www.straitstimes.com) will carry a special webcast on the National Day Parade today, giving Internet users nine camera views of the action around Marina Bay. Reporters from The Straits Times will report live from various locations simultaneously. And SPH MediaßoxOffice will telecast
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    • 240 7  -  ROLAND LIM NOT sure if your neighbour can tap into your home wireless network to ride off your Internet service? With IT security firm ThinkSecure's free wireless network auditing tool, you can now check if your network is secure. The "OSWA-Assistant" software developed
      240 words
  • Page 7 Advertisements

  • MALAYSIA/INDONESIA
    • 497 8  -  PAULINE NG Swan Symphony expected to fork out RM39Om in total for the firm A CONSORTIUM led by a group of influential Middle Eastern investors has proposed to take over Malaysian builder Putrajaya Perdana (PP), using it as their vehicle for global
      497 words
    • 200 8 Bernama [LANGKAWI] For its overseas expansion, Tenaga Nasional Bhd will concentrate on operating and management services rath--3r than taking equity shareholding in power generation companies, its chairman, Leo Moggie, said. The national power utility giant is now more focused on providing
      – Bernama  -  200 words
    • 452 8  -  LAUREL TEO VOTERS in Jakarta took part yesterday in the city's first direct governorship election and their choice appeared to be 59-year-old Fauzi Bowo and his running mate, going by several quick counts. Think-tank LP3ES estimated that the two-term deputy governor won 57.6
      452 words
    • 7656 8 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.086/ Star Europe Bond 1.197/ Star Europe Bal 1.258/ Star Asian Tiger Eqty 1.556/ Star Asia Bond 1.284/ Star Asia Balanced 1.109/ Star Global Technology Fund!" 0.234/ MultiStFd 1.003/ Star Asia Bond(USD) 0.848/ Gib Multi St USD 1.19/ Asia
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  • Page 8 Advertisements
    • 31 8 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. Global lnvestors >-' company regn. no *****7169Z
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  • GREATER CHINA/INDIA
    • 419 9  -  JANE MOIR Struggling operator beats PCCW unit for rights to 2012 Games in London in Hong Kong COMPETITION in Hong Kong's pay-TV market has taken an unexpected turn, with struggling i-Cable having won the rights to broadcast the 2012 London Olympics and the 2010
      419 words
    • 324 9 Reuters [NEW DELHI] India tightened rules on foreign borrowing by local firms on Tuesday, saying loans of more than US$2O million must be spent overseas, in a move analysts said aimed to check capital inflows that have pushed the rupee higher. Incoming capital into India's
      Reuters  -  324 words
    • 243 9 Bloomberg [SHANGHAI] Industrial Commercial Bank of China Ltd (ICBC), until yesterday the worst-performing stock on the nation's 300-strong benchmark index, rose by a record 9.8 per cent here to become the world's fourth-biggest company. The stock closed at
      – Bloomberg  -  243 words
    • 247 9 Reuters Almost half polled doubtful China will tighten regulations [WASHINGTON] US consumers are extremely wary of products that are made in China in the wake of a series of safety scandals, with nearly two-thirds saying they would support a boy- cott of Chinese
      – Reuters  -  247 words
  • Page 9 Advertisements
    • 454 9 j^SSJPS&SS&feK. Bring ak>ng if-i «>py si BT to wHs* few* sp*«i ij*f*f-jl S^i Red hot National Day deals just for you at TANGS! We gi« you another reason to rejoice on X I National Day. MM Ik Soak up the celebratory atmosphere and enjoy V exduiive deals alTAWG&Orchard and TANGS
      454 words

  • ASIA-PACIFIC/WORLD
    • 425 10 Reuters, Bloomberg [BANGKOK] Thailand's army-appointed government withdrew its draft Foreign Business Act yesterday after Parliament inserted a clause at the last minute, preventing foreigners from having majority management control. Diplomats have said the new law, which already tightened restrictions on
      – Reuters, Bloomberg  -  425 words
    • 355 10 Reuters El. 6b merger set to pave way for possible global tie-up of exchanges [LONDON/MILAN] The London Stock Exchange plans to complete the purchase of Milan's Borsa Italiana in October after winning shareholder approval yesterday, laying the groundwork for a
      – Reuters  -  355 words
    • 599 10 Reuters [LONDON] Credit problems being experienced in the United States do not amount to an "international crisis", the Bank of England (BOE) governor said yesterday. In a press conference following publication of the BOE's latest quarterly economic report, Mervyn King added
      Reuters  -  599 words
    • 2373 10 lug 8 RM C000) \&M Realty 3.10 \bricBhd 0.31 \dvance Synergy 0.39 \dventaBhd 1.69 \eMulti Hldgs 0.30 \ffin Holdings 2.61 \hmad Zaki Resou 4.74 Me Corp 0.59 Mrasia Bhd 1.98 \kn Messaging Te 0.25 \kn Technology 0.93 Muminium Co 1.30 Amalgamated Ind 0.59 \minvestment Grp 3.56 \mmb Hldgs
      2,373 words
    • 422 10 -AP [CUPERTINO, California] Apple updated its iMac computers on Tuesday with a slimmer design, faster chips and glossy screens, hoping to propel sales that already outpace the rest of the PC industry. The all-in-one desktop computers now have aluminium casings, replacing the white plastic
      -AP; REUTERS  -  422 words
    • 331 10 Reuters, Bloomberg [BILLINGS, Montana] US Treasury Secretary Henry Paulson warned on Tuesday that it was a mistake for US lawmakers to blame American job losses on global competition and use it as an excuse for passing protectionist trade laws aimed at China.
      – Reuters, Bloomberg  -  331 words
    • 295 10 Reuters [LOS ANGELES] The shares of casino operator Wynn Resorts surged on Tuesday, buoyed by strength in Las Vegas and Macau, while Trump Entertainment Resorts stock rose on what one analyst called a relief rally. Wynn's stock closed up 10 per cent
      – Reuters  -  295 words

  • NATIONAL DAY SPECIAL
    • 497 11  -  WONG WEI KONG WITH the slide in stock prices amid the global crisis in credit markets this week, it would appear that there is much gloom and little cause for cheer this National Day. But that is quite far from the truth. The present volatilities do
      497 words
    • 926 12 ECONOMY ANNA TEO takes stock of the perils and prospects that face Singapore's economy Source: LIKE just about everyone else, the Monetary Authority of Singapore was upbeat about Singapore's growth prospects both near and medium-term when it released its latest annual report two weeks ago. But
      MTI  -  926 words
    • 1220 12 Biologies the next wave Production of biopharmaceuticals is set to fuel growth in Singapore's biomedical sciences manufacturing sector, as CHEN HUIFEN finds out SINGAPORE'S biomedical sciences (BMS) manufacturing sector looks set to reach its output target way ahead of time. Last year, the cluster posted a 30.2 per cent jump
      NOVARTIS  -  1,220 words
    • 1052 14 INVESTING Source: Source: Bullish investors may drive 2007 sales to a record high, while home prices and rents continue to surge. KALPANA RASHIWALA reports AFTER years of being in the doldrums, the Singapore property market has been staging a spectacular recovery in the past couple of
      FILE PHOTO; URA, HDB; CBRE Research; : CBRE Research  -  1,052 words
    • 1129 14 While the outlook for the stock market is strong, riding on the economic prowess of India and China, risks simmering below the surface may erupt in full force, says R SIVANITHY A 36 per cent rise in the Straits Times Index last year was
      REUTERS  -  1,129 words
    • Article, Illustration
      989 15 OIL GAS With refineries as building blocks, the petrochemicals sector prepares to invest for the future. RONNIE LIM finds out how SINGAPORE's energy sector has never been as robust. In coming months, an expected slew of new projects and initiatives will even better position it for the
      989 words
    • 776 16 TECHNOLOGY Backed by $500 million of research funds and a goal of creating 10,000 jobs by 2015, the fast-growing IDM sector is grabbing the attention of both foreign and local players, reports ROLAND LIM JUDGING from the barrage of activity in the interactive and
      FILE PHOTOS  -  776 words
    • 856 17 ENVIRONMENT Increasing investment in energy efficiency is reaping big rewards for the developers of environmental technology, learns MATTHEW PHAN A WORD search for "Singapore" and "climate change" in the Straits Times turned up: 122 articles in the first six months of 2007, 44 in the
      FILE PHOTC  -  856 words
    • 1128 18 Armed with experience, expertise and strategic thinking, Singapore is on course to maintain its place as Asia's leading aviation and aerospace hub, writes YEN SREENIVASAN AS Singapore celebrates its 42nd birthday as an independent nation, one of its greatest achievements must be its ranking as
      1,128 words
  • Page 11 Miscellaneous
    • 69 11 Can growth be sustained? It may be different this time Pump it up Going green for a profit PAGE 12 PAGE 14 PAGE 15 PAGE 17 Biologies the next wave Sizzling real estate sector Digital media industry buzzing Off to a flying start PAGE 12 PAGE 14 PAGE 16 PAGE
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  • AVIATION/SHIPPING
    • 222 19  -  YEN SREENIVASAN Airline sees strong demand on route; ticket sales to start in next few weeks LOW-COST carrier Tiger Airways said yesterday that it has cleared the final regulatory hurdle to fly to Bru- nei and expects to start selling tickets in
      222 words
    • 249 19  -  YEN SREENIVASAN By AIR France-KLM has appointed Vincent Knoops as the group's general manager for Singapore, Indonesia, Australia and New Zealand (SIAN) from Sept 1. Mr Knoops, who was KLM's general manager to the United Kingdom and Ireland, will succeed Frans Leenaars, who will move
      249 words
    • 535 19 Bloomberg [HONG KONG] Cathay Pacific Airways said first-half profit rose 55 per cent, beating analysts' estimates, after it bought a rival to expand in China. Net income surged to HK$2.5B billion (Ss49B million), or 65.5 Hong Kong cents a share, from HK$l.67
      – Bloomberg; BLOOMBERG  -  535 words
    • 370 19 By OUR CORRESPONDENT in Bangkok HONG Kong-listed Pacific Basin Shipping, among the largest operators of handysize ships in the world, has raised its stake in Thoresen Thai Agency (TTA) to 5.06 per cent ahead of a planned listing of the latter's subsidiary in
      370 words
    • 90 19 Xinhua [LOS ANGELES] The Los Angeles Airport Commission has endorsed United Airlines' plan to start a daily non-stop service to China, officials confirmed on Tuesday. In an application submitted last month to the US Department of Transportation, United said it planned a
      – Xinhua  -  90 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 KWentures Keppel Corp Labroy Marine MTQCorp NOL Pacific Shipping Pan-United Corp Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.86 0.38 5.05 0.91 5.95 0.93 0.10 ....unch
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      • 36 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 1.57 9.80 9.80 4.10 3.06 0.28 unch unch unch 0.05 0.20 0.06 0.01 unch 231 33: 130! 113: 2( 3: <
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      • 12 19 '00 ■recious Ship Jegional Cont 34.00 33.00 1.50 -0.50 487: 74:
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      • 6 19 '000 toil .86.90 -0.10 240'
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      • 20 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.70 29.00 unch unch -0.10 -0.50 unch unch 48K 300"
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      • 19 19 Evergreen Marine ...22.80 :irst Steamship 78.90 /Van Hai Lines 24.40 r"ang Ming Marine...24.95 -0.20 5.10 0.35 -0.05 1
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      • 38 19 '000 (awasaki Hvylnd ..514.00 -7.00 2048: (awasaki Kisen ....1546.00 -122.00 1789: Mitsubishi Hvy 809.00 1.00 2400} Mitsui Eng&Sbldg...710.00 -8.00 1668: Mitsui Osk Lines ...1754.00 -122.00 ***** Mippon Express 618.00 -26.00 481: MipponYusen 1151.00 -67.00 1129! source: Reuters
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    • 2330 19 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 19 Miscellaneous
    • 396 19 CRYPTIC CROSSWORD ACROSS I Are pasties too much for r. —i p —l R —l —[s —l le —I 1? meal? Yes (6) 4 Stop by customs buildings I 8 |9 (6) LJ 8 Endless anger when this coat is seen? (3) 10 Gosh! Bill is knocked back TJ- by
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  • EDITORIAL & OPINION
    • 490 20 YESTERDAY marked the 40th anniversary of the Association of South-east Asian Nations (Asean), of which Singapore has just taken over the rotating chairmanship. It is a good opportunity to take stock of what the ten-nation grouping has achieved so far especially in the business sphere and
      490 words
    • 1066 20  -  LEON HADAR They blame former Fed chief's rate policies for creating a false boom in sub-prime loans AS the US housing market weakens and interest rates on adjustable mortgage rates rise and more and more borrowers are falling behind, the consensus among economists is
      AP  -  1,066 words
    • 772 20  -  ANTHONY ROWLEY THE BOTTOM LINE A FORMER acquaintance of mine was so ardent an admirer of Britain's former prime minister Margaret Thatcher that he declared that if she were ever to have to walk through a puddle of water, he would go one better
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    • 1268 21  -  ANAND GIRIDHARADAS After producing their maiden Hindi movie, American studios hope to imitate Mumbai magic AN Indian woman in a flowing, beaded gown glides through a pond. As the drumbeats of the Indian countryside patter, a dancing phalanx of tunic-clad women twirls. A mosquito net brushes
      REUTERS  -  1,268 words
    • 320 21 LETTER TO THE EDITOR I REFER to the article "SBS, SMRT apply to council to raise fares" (BT, Aug 2). So it's that time of the year again, when public transport operators (PTOs) go cap in hand to the Public Transport Council (PTC) asking
      320 words

  • Page 21 Advertisements
    • 248 21 RBSI M @>&& Diners Club Card r oapp ac «//64i6 0980 Aj9 ft^fi^K^l [U [U AS MA A World of Exclusive Privileges Treats fiV^ Diners Club MWgtdfai www.diners.cotn.sg -ZIW International NATIONAL DAY MOCKTAIL... *W=S 1 60 Reasons To Feast Again fffldi Savour delectable dishes in our popular '60 Dishes Deluxe
      248 words

  • SINGAPORE STOCKS
    • 8229 22 Transaction date: Aug 8 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap Smil Company 3.5 2 5716 1st Software 22 6 3148 STelecom 34 20 5834 A-Sonic 103 98 6389 ABF SG Bond ETF
      8,229 words
    • 72 22 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 ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
      72 words
    • 2152 22 Hii Low Code Comi >an' Sale COOO) Hii Low Bui rer Seller C'vr P/E ,mil 30 13 1181 AAGrp 41.5 18 5000 ABRHIdgs 61 13.4 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
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    • 211 22 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
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  • Page 22 Advertisements

  • FINANCE & COMMODITIES
    • 364 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug07 World Index Preliminan 1135.2 0.6 3.1 0.4 3.9 0.4 5.2 EAFE Prel liminan 1133.6 1.0 2.3 0.6 4.5 0.6 5.7 Euro[ Preliminary 1537.0 1.5 2.9 1.1 5.5 1.1 6.! Pacific 1004.0
      364 words
    • 133 23 As at 9am Aug 08 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2910 1.3060 Can dollar 1.4280 1.4450 Euro 2.0710 2.0940 NZ dollar 1.1440 1.1690 jterlin iund 3.0450 3.0790 US dollar 1.5060 1.5220 Local dollars to 100 units of foreign
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    • 164 23 Aug 08 $S_ Offer Bid Overnight 2 1/4 1-month 2 1/2 2-months 2 9/16 3-months 2 5/8 Overnight mode: 2 5/16 US$ Offer 2 1/8 2 3/8 2 7/16 2 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.30
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    • 22 23 Aug 08 STI SIMSCI Aui 403.6 421 419.2 Taiwan Aui 342.2 351.1 350.1 Source: Man Financial (S) Pte Ltd
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    • 21 23 Aug OS Bid Offer 1-month 1.5102 1.5113 2-months 1.5065 1.5077 3-months 1.5032 1.5044 6-months 1.4940 1.4953 Source: OCBC
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    • 156 23 Aug OS Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2974 1.2990 0.8570 0.8575 Canadian dollar 1.4366 1.4380 0.9489 0.9492 Euro 2.0807 2.0825 1.3744 1.3747 NZ dollar 1.1524 1.1547 0.7612 0.7622 Sterlim md 3.0613 3.0637 2.0221 2.0224
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    • 345 23 AugOS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO7 DecO7 MarO8 JunO8 94.695 94.900 95.075 95.140 0 0 0 0 9660 ***** ***** 9723 EUROYEN FUTURES SepO7 99.145 99.145 DecO7 99.070 99.070 MarO8 98.960 98.965 JunO8 98.880 98.880 SepO8 98.795 98.805 DecO8 98.700 98.700 MarO9 JunO9
      345 words
    • 274 23 Aug 08 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest SepO7 Oct 07 Nov07 Dec 07 Jan/Mar 08 Apr/Jun 08 327.75 325.75 325.75 325.75 325.00 328.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
      274 words
    • 98 23 Aug 07 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low AugO7 838.50 826.00 839.00 826.00 Sep07 847.00 834.25 847.50 832.25 Nov07 862.75 850.00 864.00 847.00 Jan 08 876.75 863.75 877.00 861.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug07 36.72 36.54 36.74 36.46 Sep07 36.95 36.74
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    • 78 23 CRUDE OIL PRODUCTS Aug 07 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 71.13 -1.33 WTI (Near Mth) 72.30 0.4 Dubai (1-Mth F) 66.72 -1.93 Tapis blend 76.45 -2.4 Minas 74.15 -2 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 71.00 84.05 -1.45 -1.5 US$/barrel Opec Oil
      78 words
    • 446 23 AugOB Australia 0.903 6.494 0.624 6.711 34.710 79.681 1.022 7.922 2.965 1.125 51.778 38.743 1.298 6.036 1.027 28.202 26.660 0.424 0.857 Canada 1.107 7.190 0.690 7.430 38.428 88.217 1.132 8.771 3.283 1.246 57.325 42.894 1.437 6.683 1.137 31.223 29.516 0.469 0.949 China 0.154 0.139 0.096 1.033 5.345
      446 words
    • 88 23 AugOS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****Z 09.11.07 1-Year BY*****V 30.04.08 2.41 2.43 2.37 2.37 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****N
      88 words
    • 75 23 AugOB 1 mth 2 mths 5.***** 2.***** 6 mths 2.***** 9 mths 2.***** 12 mths 2.***** 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 9 mths 12 mths 5.***** 5.***** 5.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 3.***** 5yrs 3.*****
      75 words
    • 66 23 Aug 08 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Aug 07 2529 Sep 07 2400 Oct 07 2491 Nov 07 2473 Total o/p: ***** contracts 2548 2529 2492 286 466 2521 2523 2400 2461 ***** 2500 2501
      66 words
    • 134 23 AugOB GOLD (USS/oz) Aui OS Au( 07 Hong Kong London 668.50 668.00 669.50 668.50 Aug 07 Aug 06 670.50 671.40 671.00 672.00 Source: Reuters CAST BAR (S$) Aug 08 Buying Sellini Kilobar "35,085.30" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 1/OOgm 1 oz
      134 words
    • 69 23 AugO7 Aluminium, 99.7% purity (US$/tonne) Close Previoui Cash 2603.50 2590.20 3 months 2665.00 2653.00 Copper, Grade A (US$/tonne) Cash 3 months 7872.50 7745.00 7821.00 7690.00 Lead (US$/tonne) Cash 3213.00 3 months 3150.00 3151.00 3094.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • 80 23 Aug 07 COCOA (£/tonne) Close Prev Hii ih/Low SepO7 955 968 977/948 Dec 07 984 996 1004/977 Mar 08 1001 1012 1019/995 May 08 1010 1021 1026/1004 COFFEE (US$/tonne) Close Pev High/Low SepO7 1818 1823 1826/1805 Nov07 1838 1841 1845/1823 Jan 08 1826 1825 1829/1815 Mar 08 1815 1819
      80 words
    • 3077 23 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 3779 ASL Marine Hldgs W*****1 102 1674 Allgreen RB ECW*****0 3.5 2835 Allgreen RBeCW*****6 3.5 2227 Ascendas REITSGA ECW*****6 11.5 2872 AusGroup RB ECW*****7 19 2853 AusGrpMBLeCW*****0 14.5 2878
      3,077 words

  • Page 24 Advertisements
    • 2631 24 _p^ The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DURUMATA RTM/ATW/UK PACIFIC PIONEER CAM/NFK/SAV/NOL i*#ai i rkinir ~r m WALLENIUS WILHELMSEN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I I S T I C S MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination I I Destination I
      2,631 words

  • Page 25 Advertisements
    • 4081 25 WAN HAI INTERNATIONAL PTE LTD CRN0M**********/R I C^A n^ S^C~/?. V^tAVVMM LIMI LIME? ;:;i«--- :---™----;v^;;, v w weekly express sailing schedule www wnnhni mm «n JKT TEL:(021) *****88FAX:(021) *****88PLMTEL:*****0/*****1 FAX:*****9 jjjj www.wannai.com.sg mi in ("..iui«!«"!Fas o.iuiwvs jnv I^^T^S^P"WfP^I^9P^''WWWIWWWWPW'W'^"IfWfHff^^WWPW"T*'HWBI mtttaammtaamtmmmamtammmmMaammmmmmmmti BMlM.'M!(■].'M!iMi'.'/A.' U MJ j.'>i!(■]:Tf T^TTBPBBW.W'PI imiaiHaiii^^il^^MiitfaiiM^MM^^M^^iaiMmMli^^^^ttMM^^^^faiMmM^mJl also accepting to all northern
      4,081 words

  • Page 26 Advertisements
    • 4590 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
      4,590 words

  • PROPERTY
    • 760 27 ■NYT Rosy office sector due to booming trade with Asia and job market recovery [SEATTLE] The Seattle office market has made a spectacular recovery in the last few years. As a result, many real estate investors want to park their
      ■NYT; FILE PHOTO  -  760 words
    • 621 28  -  KALPANA RASHIWALA Residential project's buyer believed to be a fund representing US, UK investors IN the latest en bloc sale of a new residential project, Fortune Development group is believed to have sold its entire M2l freehold apartment development at Mandalay Road
      621 words
    • 368 28 By KALPANA RASHIWALA A JOINT venture between Chip Eng Seng and Lehman Brothers has sold about 70 per cent of their 659-unit freehold project, The Pare Condominium, at West Coast Walk, over the past week. The developers began selling the
      368 words
  • Page 27 Advertisements
    • 2029 27 NETWOODS PTE LTD (IN VOLUNTARY LIQUIDATION) COMPANY REG.NO: 2000-*****-G NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT, CAP. 50 THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 10TH DAY OF SEPTEMBER 2007 AT 10:00 a.m. AT 9 KELANTAN LANE #06-01, SINGAPORE,
      2,029 words
    • 248 27 BULK SALE 14 -74 units condominium apt Full condo facilities 99yr leasehold. 5 mins Bugis MRT 2-3 Bedrooms All Tenanted, Area: 883 -1044 sqft Good Rental Yield TOKIO PROPERTY SERVICES PTE LTD TRE 21 PTE LTD TAKANO 9670 0285 CO BROKE WELCOME E. 0.1. H IN THE MATTER OF THE
      248 words

  • Page 28 Advertisements
    • 866 28 11 Jl TECHNICS OIL GAS LIMITED \te chni c s) (Co. Registration No. *****5249E) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of Technics Oil Gas Limited (the "Company") will be held at 72 Loyang Way, Singapore *****2 on 31 August 2007, at
      866 words
    • 61 28 7 T Address: 4&61 rrawaddy Road BALESTIER ROas SiteArea:aPPraxS-844sf \jT ——l T —7 a Plot ratio: 2.8 m SUBJ t ECT*\|\^/ zone: Residential \£>\ <^ Easy access to PIE &CTE \Sr^^\ Close proximity to Orchard, City, Reputable \|^J3_s^S\ schools Novena MRT No tef\#^ Tender closing date: 18 August 2007 /t.
      61 words
    • 21 28 Parting company? Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES *~^r g
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