The Business Times, 29 August 2007

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Microfilm: NL27785
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 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 Wednesday,August29,2oo7
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  • Article, Illustration
    Lock icon Bank stocks hit by sub-prime worries again
    674 1  -  CONRAD TAN Attention also shifts to impact on their fee income By [SINGAPORE] Banks here were hit yesterday by renewed concerns over their exposure to collateralised debt obligations or CDOs, after Goldman Sachs downgraded its stock ratings on DBS and OCBC, sending their
    674 words
  • Article, Illustration
    Lock icon Marina Bay IR to cost more than the USs2.4b Venetian Macao
    741 1  -  ARTHUR SIM Cost could jump by up to 40%, pushing price tag of Spore resort beyond Sssb By in Macau GAMING and resorts operator Las Vegas Sands' newly opened US$2.4 billion Venetian Macao in the Chinese territory may be
    LIM KOK MENG/LIANHE ZAOBAO  -  741 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      48 1 uesday 1,278.95 lange +0.68 KL COMP NIKKEI 225 16,287.49 -13.90 HANG SENG 23,363.76 -213.97 SET INDEX 788.21 -2.96 JAKARTA COMP 2,159.61 -15.74 MANILA COMP 3,251.77 +44.83 SEOUL COMP 1,829.31 +26.28 SHENZHEN B 727.22 -5.83 MUMBAI IND 14,919.19 +76.81 12NOON EDT Change 13,175.65 -146.48 DOW NASDAQ 2,526.95 -34.30
      48 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.***** TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.23 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      41 1 US$ (S$ )er US$) 1.522 (USS/SS per 2.006 3.053 EURO(US$/S$/E) 1.365 2.077 YEN 115.50 75.90 RM 3.497 2.298 HK$ 7.800 5.126 BAHT 34.37 22.58 RUPIAH 9,406 6,181 RENMINBI 7.555 4.965 INDIAN RUPEE 41.14 27.03 A$ 1.214 0.798 NZ$ 1.413 0.929
      41 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      45 1 CHANGES TO MOTORING %i%£jgk EXEC MONEY S'PORE-M'SIATIES fr^^ EN BLOC RULES Construction boom driving *Li y^if\!sp Income for life Rafidah on growing Rush to close collective sales of heavy vehicles W^ and more together Sales PAGE 3 PAGE 30 AFwOt PAGE 32 PAGE 2 4^^HCl
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  • TOP STORIES
    • Article, Illustration
      Lock icon Rafidah highlights opportunities for Singapore business
      627 2  -  iy NANDE KHIN Malaysian minister points to close economic ties between neighbours [SINGAPORE] Singapore and Malaysia have more to gain by working together than constantly competing with each other, Malaysia's International Trade and Industry Minister Rafidah Aziz said yesterday. Speaking in Singapore at a
      FRANCIS ONG/THE STRAITS TIMES  -  627 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Owners eager to push pending collective sales
        77 2 AHEAD of proposed changes to the Land Titles (Strata) Act, property agents and owners of affected en bloc sites are eager to push pending sales as they may soon face bigger hurdles when the amendments become law. Changes in en bloc sale legislation
        77 words
      • Article
        Lock icon Property stocks slip on fears over new rules
        47 2 PROPERTY stocks took a beating yesterday as investors got the jitters over tougher en bloc legislation that could slow land-banking. City Developments slipped 40 cents to $14.70 and Capita Land lost five cents to $7.40. COMPANY NEWS, PAGE 4
        47 words
      • Article
        Lock icon Federal wins Indonesian JV utilities supply deal
        62 2 FEDERAL International (2000) Ltd has clinched a utilities supply contract that is expected to generate revenue of about US$l7B million over 10 years. The contract, which it won together with an Indonesian partner, has led to plans to build an integrated gas and
        62 words
      • Article
        Lock icon URA offers 12 Sembawang sites for landed homes
        46 2 FOR the first time in six years, the Urban Redevelopment Authority is offering small landed housing plots for sale. It will auction 12 on 99-year leasehold tenure at Sembawang Road/Andrews Avenue on Oct 30. SINGAPORE NEWS, PAGE 8
        46 words
      • Article
        Lock icon Carry trades pose hazard for Asian emerging markets: lIF
        52 2 EMERGING markets, especially in Asia, have weathered recent global financial turmoil well, but dangers still exist, says the Institute of International Finance in Washington. Unwinding of yen carry trades in particular could present a hidden hazard, says the lIF. ECONOMY WATCH,
        52 words
      • Article
        Lock icon Port Klang Free Zone woes: minister denies fraud
        43 2 MALAYSIAN Transport Minister Chan Kong Choy yesterday denied there was fraud in the implementation of the RM4.6 billion (Ss2 billion) Port Klang Free Zone complex built on the island of Pulau Indah. MALAYSIA, PAGE 12
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      • Article
        Lock icon Building boom spurs demand for heavy goods vehicles
        40 2 THE construction boom is driving sales of very heavy goods vehicles, with this year's total orders likely to be as much as 50 per cent higher than in 2006. MOTORING, PAGE 30
        40 words
    • Article
      Lock icon Central bankers put markets on notice
      475 2 [LONDON] Reports of fresh damage from the teetering US sub-prime mortgage sector provoked new financial market wobbles yesterday as central banks around the world said their interest rate intentions had been thrown into doubt. Share prices on European bourses fell across the board with
      475 words
    • Article
      Lock icon 'The Panic of 1907' versus the sub-prime crisis
      563 2  -  MATTHEW PHAN By [SINGAPORE] The unfolding of the sub-prime crisis that has jarred financial markets in the last two months "has a long way to run", said Robert Bruner, dean of the University of Virginia's Darden School of Business and co-author of
      563 words
    • Article
      Lock icon Owners eager to push pending collective sales
      710 3  -  LYNETTE KHOO CHANGES TO EN BLOC RULES They could soon face higher hurdles under new rules aimed at more transparency By [SINGAPORE] Ahead of proposed changes to the Land Titles (Strata) Act, property agents and owners of affected en bloc sites are eager
      710 words
    • Article
      Lock icon Beijing set to limit foreign acquisitions
      365 3 National security concerns cited as reason for move [HONG KONG] After a quar-ter-century of welcoming and even courting foreign investors, Beijing officials are starting to show considerably more caution. Chinese lawmakers are set to pass legislation this week that would limit foreign acquisitions in
      365 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      258 2 people at No mountain WOrK hi 9h enough. www.thepeopleatwork.com Asia-Pacific Executive Search You're often asked to think out-of-the box. Here, you can clearly fck^^^ see what this Material Tall Boy "box" is all about. A neo-retro Ar^m H Bk iconic styling that is unquestionably outside the box. IA I t
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  • Page 3 Advertisements
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      197 3 HEO CHINA SYMPOSIUM ODIZ IQ presents 2.10.07 Singapore 9am to spm Speakers include Paper on PRC Revenue Law 2007: Tax planning and avoidance schemes by foreign investors in China Prof Liv Jian Wen President of China Fiscal Tax Law Research Association Director, Fiscal Economic Research Centre Peking University in China
      197 words
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      1 3 Ik
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  • COMPANY NEWS
    • Article
      Lock icon Property stocks slip on fears over new rules
      478 4  -  LYNETTE KHOO CHANGES TO EN BLOC RULES Investors worried over impact on land-banking; office market retains shine By RESIDENTIAL property stocks took a beating yesterday as investors got the jitters over tougher en bloc legislation that could slow land-banking. City Developments slipped
      478 words
    • Article
      Lock icon Hupsteel doubles net gain to $31.2m
      299 4 HUPSTEEL, a provider of a wide range of steel products and services to the oil and gas, offshore and marine engineering, petrochemical and construction industries, yesterday reported a doubling of its full-year earnings to $31.2 million. Revenue climbed 53 per cent to $284.2 million.
      299 words
    • Article
      Lock icon CentiUion: a green stock worth considering
      753 4  -  MICHELLE QUAH GOING green is just about all the rage these days, from "Live Earth" concerts to movies proclaiming "An Inconvenient Truth". It may just be a fad or a genuine awakening of the social conscience but savvy businessmen know it's also an opportunity.
      753 words
    • Article
      Lock icon Neocorp to acquire steel trader in RTO deal
      290 4 THE judicial managers of Neocorp yesterday said that the company has entered into a conditional sale and purchase agreement to acquire a steel products trading group, Novo Group, for $110.65 million, in a reverse takeover deal. Novo Group's operations are largely based
      290 words
    • Article, Illustration
      Lock icon Federal wins Indon JV utilities supply deal
      437 5  -  CHEN HUIFEN Contract expected to generate USsl7Bm revenue over 10 years By FEDERAL International (2000) Ltd has clinched a utilities supply contract that is expected to generate revenue of about US$l7B million over 10 years. The contract, which it won together with an
      437 words
    • Article
      Lock icon Seatown reborn as ASI funeral and cemeteries operator
      422 5  -  CONRAD RAJ By PRE-CAST concrete manufacturer Seatown Corporation will resume life as a funeral and cemeteries operator, catering to the rich and middle class, on Sesdaq tomorrow. Its shares, which have been suspended since May 22, 2002, will be traded under the
      422 words
    • Article
      Lock icon Fung Choi full-year net jumps 48% to HKs24l.7m
      413 5  -  CHOW PENN NEE Company sees growing ad revenue in run-up to 2008 Beijing Olympics By FUNG Choi Media Group, a media and marketing group in China, has reported a 48 per cent jump in net profit for its full year ended June
      413 words
    • Article
      Lock icon Bio-Treat earnings surge 75% to 330.7m yuan
      520 7  -  MATTHEW PHAN Group says it is back on track with profits returning to healthy level of 2005 By WATER-TREATMENT specialist Bio-Treat Technology yesterday reported a 75 per cent rise in net profit to 330.7 million yuan (5566.7 million) for the full year ended
      520 words
    • Article
      Lock icon Silverlake Axis posts flat earnings
      330 7 SILVERLAKE Axis, which supplies banking systems, has reported flat full-year earnings of RMBO million (5534.9 million), down marginally from RM79.6 million last year. Revenue increased 10 per cent to RM137.3 million, but the group was dragged down by higher expenses and cost of sales, which
      330 words
    • COMPANY BRIEFS
      • Article
        Lock icon CapLand completes purchase of EOF stake
        81 7 CAPITALAND said its indirect wholly owned subsidiary, Capita Land (Office) Investments Pte Ltd (COI), has completed the purchase of the remaining 50 per cent stake in Eureka Office Fund Pte Ltd (EOF), which owns the commercial building known as 1 George Street and 163
        81 words
      • Article
        Lock icon CH Offshore to sell 2 vessels for US$6.2m
        40 7 CH OFFSHORE announced that it has agreed to sell two of its vessels for a total of US$6.2 million. The transaction was arrived at on a willing seller and willing buyer basis.
        40 words
      • Article
        Lock icon Koon Hldgs posts $4.2m H1 net loss
        97 7 KOON Holdings Ltd has posted a half-year net loss of $4.2 million, from a net loss of $4.3 million last year. For the six months ended June, revenue from ordinary activities fell 54.4 per cent to $26.6 million. In separate announcements yesterday, the
        97 words
      • Article
        Lock icon Lum Chang earnings soar to $2.99m
        35 7 LUM CHANG Holdings reported a full-year net profit of $2.99 million, against $333,000 last year. For the 12 months ended June, revenue slipped 47 per cent to $100.5 million.
        35 words
      • Article
        Lock icon China Yuanbang nearly doubles earnings
        62 7 CHINA YUANBANG Property Holdings has almost doubled its full-year net profit to 79.5 million yuan (Ssl6 million), from 40.5 million yuan the previous year. For the year ended June, revenue doubled to 341.4 million. In a separate announcement, the group said it has signed a
        62 words
    • Article
      Lock icon Time Watch targets at least 20% sales growth
      421 7 Company back in the black with FYO7 profit of HKs73.4m By OH BOON PING WATCH-MAKER Time Watch Investments is eyeing a growth of at least 20 per cent in its retail sales for the next two years, after posting a turnaround in
      421 words
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      Lock icon Page 4 Advertisements Column 1
      318 4 "JVI HOUSING 4 f" DEVELOPMENT MJ J BOARD On behalf of the Government of TO a pavoh cental "C^T\ the Republic of Singapore, the /sf\ Housing Development Board is 179 ~i»« 1^ pleased to invite tenders for the IS I. v. U sale of a land parcel at Lor 6
      318 words
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      Lock icon Page 4 Advertisements Column 2
      144 4 WHY E R INTERNATIONAL SCHOOL? MONTESSORI PRE-SCHOOL Full implementation of the Montessori philosophy curriculum Individualized teaching Ideal preparation for ERIS Junior School Sheltered playground and children's pool JUNIOR, MIDDLE HIGH SCHOOL The Cambridge IGCSE Cambridge International 'A' level Highly qualified experienced international educators jJj B^ High level of commitment for
      144 words
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      445 5 NOVENA MEDICAL CENTER SINGAPORE'S MOST MODERN SPECIALIST MEDICAL CENTRE NOW WITH ITS HIGHLY COVETED 8 th FLOOR UNITS AVAILABLE FOR LEASE FOR IMMEDIATE OCCUPANCY Step into the entrance of Novena Medical Center on its 8 th floor, and you'll find 6,100 sq ft of space dedicated to laboratory and radiology
      445 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Bank stocks ease as STI sheds gains
      468 6 STOCKS DBS, OCBC shares hit by analysts' downgrade; UOB, Sing Tel too drag down index STOCKS here fell back yesterday, after giving up gains made on Monday. The Straits Times Index (STI) finished 45.44 points or 1.3 per cent lower at 3,343.00, after
      CONRAD TAN  -  468 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 5 113 0 0 0 5 113 Manufacturing 50 99 49 13 18 13 63 117 62 Commerce 20 37 21 26 45 23 Tpt/Stor/Comms 27 10 29 Finance 15 16 Construction 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 6 MAIN SPQ TOTAL MAIN SDQ TOTAL Multi Ind 25,478 25,478 112,142 112,142 Manufacturing 524,262 217,291 741,553 276,678 49,926 326,604 Commerce 144,529 24,807 169,336 98,536 3,982 102,518 Tpt/Stor/Comms 82,354 5,167 87,521 212,137 5,507 217,645 Finance 36,285 30 36,315 442,810 7 442,817 Construction 100,320 37,153 137,473 42,404 17,789 60,193
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      230 6 Stock name «V1 Close Change Allgreen 0.55 1.770 4-0.050 Ascendasreit 0.89 2.390 -0.060 CapitaComm 0.56 2.670 -0.060 Capita Land 4.93 7.400 -0.050 CapitaMall 0.93 3.440 -0.100 Chart SemiCond 0.58 1.050 -0.030 CityDev 2.89 14.700 -0.400 ComfortDelGro 1.38 1.920 -0.020 Cosco Corp 1.68 4.980 -0.120 Creative Tech
      230 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      952 6  -  MATTHEW PHAN Olam International Aug 28 close: 553.00 Credit Suisse, Aug 27 Share price THE deal: Olam has announced that it plans to acquire Key Foods Ingredients (KFI) for US$l6 million, valuing the deal at FYO7 EV/Ebitda of 4.7 times and a PE of 5.5 times. The deal
      952 words
    • Article, Illustration
      Lock icon Greenback falls on weak US housing data
      486 6 AFP CURRENCIES [TOKYO] The US dollar edged down against the yen in Asian trade yesterday as weak data renewed market vigilance over the troubled US home loan market, dealers said. They also said the euro was weaker against the greenback after European Central
      AFP; REUTERS  -  486 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      5 6 I DAILY
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    • Article, Illustration
      Lock icon UOB SESDAQ INDEX
      3 6
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      44 6 CLOSE -704.00-501.00 BT OB/OS BT CADI -*****.00-186.00 BT 10-day MA -*****.00 -71.00 All-SG Equities 917.40 -10.29 SG Equities Elect 120.76 +0.28 SG Equities Fin 2333.21 -42.14 SG Equities Prop 1445.27 -16.47 SiMSCI 412.09 -6.80 SiMSCI Future 410.40 -8.90 PrimePartnersCI 237.03 -4.36
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Liang Huat 264,954,000 Genlntß 203,858,000 Gen Intl 57,086,000 LottVis 51,333,000 Centillion 45,924,000 Alantac 40,072,000 Armarda 37,042,000 Baker Tech 36,952,000 Oculus 33,651,000 HLG 30,031,000 VALUE(S) DBS Grp 236,305,000 OCBC Bk 91,138,850 UOB 81,831,500 Keppel Corp 67,639,200 Capita Land 64,570,300 SingTel 57,911,740 CityDev 53,275,500 SIA 39,920,200 Cosco Corp
      55 words
    • Article
      Lock icon RISES
      109 6 CLOSE UP 136 62.0 83.8 CLI RBeCW/*****5 Total Access 121 47.2 34.4 ICBCCai i.93%Pref10 ***** 30.0 0.3 CLI RBeCW/*****5 79 20.0 33.9 SembMar BNPeCW*****0 101 19.5 23.9 Elec Eltek 209 16.7 5.6 DBSSGAePW*****2 50 10.5 26.6 Asia Pac Brew 1350 10.0 0.7 DBS Bk6% NCPS 10 ***** 10.0 0.1
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    • Article
      Lock icon FALLS
      120 6 CLOSE DOWN iBS Gri 1980 -60.0 -2.9 UOB 2050 -50.0 -2.4 :it 1470 -40.0 -2.6 JMH 2460 -30.4 -0.8 MOIL 209 -25.9 -7.5 SC Global 525 -25.0 -4.5 law Par Cor| 770 -20.0 -2.5 Jardine C&C 1460 -20.0 -1.4 Con 1260 -20.0 -1.6 DBS RBeCW*****0 16 -19.5 -54.9 BY
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    • Article
      Lock icon CURRENCIES
      85 6 iere! S$ stands Aug 28 CHNG CLOSE FRAug27 YR 2007 S$ LOW S$ HIGH USS 1.5218 -0.17 1.5479 1.5033 Euro 2.0793 -0.20 2.0996 1.9913 Pounds 3.0565 0.21 3.1194 2.9323 AS 1.2553 0.69 1.3411 1.1741 Yen* 1.3170 -0.81 1.3821 1.2285 Rill liah* 0.***** 0.01 0.***** 0.***** Baht* 4.4301 -0.20 4.5700
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    • Article
      Lock icon LaSalle makes top bid for Anson Road site
      507 8  -  RASHIWALA KALPANA It offers $237.2 m for a 99-year leasehold office plot next to International Plaza Reports by LASALLE Investment Management (LIM) was the top bidder yesterday for a 99-year leasehold commercial plot next to International Plaza, with a bid of $237.2
      507 words
    • Article
      Lock icon URA to auction 12 Sembawang sites for landed homes
      333 8 FOR the first time in six years, the Urban Redevelopment Authority is offering small sub-divided landed housing plots for sale. It will auction 12 on 99-year leasehold tenure at Sembawang Road/Andrews Avenue on Oct 30. The plots, in Phase 1 of
      333 words
    • Article, Illustration
      Lock icon Govt, accounting profession must work jointly to restore trust
      442 8  -  MICHELLE QUAH Accountants can help to root out creative accounting By I THE government and the accounting profession must co-operate to help restore the trust that has been destroyed by recent corporate scandals, said Minister of State for Finance and Transport
      442 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SIA No 1 outside US for use of interline e-ticketing
        79 8 SINGAPORE Airlines (SIA) has been ranked first outside the United States region, and third in the overall industry, in terms of interline e-ticketing implementation, in an electronic-ticketing status report issued by the airline trade body lata. SIA plans to implement
        79 words
      • Article
        Lock icon New rules for sale of foreign domestic worker insurance
        83 8 ALL employment agencies offering insurance for foreign domestic workers (FDWs) are to be registered with the General Insurance Association of Singapore (GIA) and have at least one staff member trained and qualified in handling the sales process. With effect from Nov
        83 words
      • Article
        Lock icon Shell continues to support development of S'pore arts
        68 8 SHELL yesterday celebrated three decades of support for Singapore Arts when it awarded the Shell-NAC Arts Scholarship to its latest recipients Foo Yun Ying and Joshua Tan Kang Ming. The petroleum company aims to help develop the local talent pool, nurture promising
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      • Article
        Lock icon S'pore and China to discuss urban environment issues
        69 8 MINISTER for the Environment and Water Resources Yaacob Ibrahim met with China's Minister of Construction Wang Guangtao yesterday to discuss collaboration in urban environment and water management. Both parties agreed to set up a regular visit programme between China and Singapore officials,
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    • Article
      Lock icon ExxonMobil announcement on new project imminent
      417 8  -  RONNIE LIM By AN announcement on building ExxonMobil's multi-bil-lion dollar Singapore Parallel Train (SPT) which will be the second petrochemical complex here by the world's largest oil company, and the fifth such cracker in Singapore is imminent, and could come as soon as next
      417 words
    • Article
      Lock icon US contract research firm sets up nutritional lab
      481 8  -  OH BOON PING By SINGAPORE'S food manufacturing sector has received a shot in the arm, with the setting up of a US$2 million nutritional laboratory by contract research giant Covance Inc. The 5,000-square-foot facility is Covance's first such lab outside the United
      481 words
    • Article
      Lock icon S'pore to open new gaming R&D lab by end of this year
      382 8  -  WINSTON CHAI By LOCAL authorities will take its partnership with the Massachusetts Institute of Technology (MIT) a step further with the opening of a new lab in Singapore to help take bright computer gaming ideas from concept to
      382 words
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      147 7 JjMS£**^- —r—^^^^*»Jml^^ -^4 ssBsBXXx>oo?WWvW\AAAAAn 11 II II 11 lnMA\AMMM?y>oo<><XXBBBg^ 1111 II 111 n\AAAAAAAWyyx>oo<xSBSBs LISTEN. IT'S YOUR HEART RACING FASTER. It's power you sense even before you get behind its 'R' steering wheel. Hugging the road like a jealous lover, its supercharged 4.2 L V 8 engine propels you from 0-100
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      267 9 THE ULTIMATE SYMBOL OF REFINEMENT IS NOW EVEN MORE ALLURING. A SENTIMENT AMPLIFIED BY BORNEO MOTORS' 40™ ANNIVERSARY SPECIALS. The purchase of any Lexus car is always a cause for from polishing to accessories or servicing. All at a aGS 300 or RX 350. With Citigold and Lexus, celebration. And
      267 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon FTAs give an edge to S'pore businesses
      709 10 From the Asean Free Trade Agreement to FTAs with China and most recently Korea, local companies can look forward to easier access to markets, reports CHUANG PECK MING IT is highly probable that few Singapore businessmen looking for a break in the fast-growing
      709 words
    • Article
      Lock icon Sirius waiting to ride into S Korea
      342 10  -  CHUANG PECK MING By SIRIUS Multimedia, a Singa-pore-based specialist in designing and manufacturing LCD televisions and multimedia products, has largely shunned the South Korean market so far, because going into it would mean taking on Samsung and LG directly and on their home
      342 words
    • Article
      Lock icon What is an FTA?
      197 10 A FREE trade agreement (FTA) is a legally binding agreement to reduce or remove trade and investment barriers between two or more economies or regions. If you are a manufacturer exporting goods out of Singapore, your importer in FTA partner countries will save on import tariffs,
      197 words
    • Article
      Lock icon Do you qualify for preferential tariffs under the Asean-Korea FTA?
      483 10 Check for the Korean Harmonised System (HS) Code of your product. With the code, you will find out the tariff applying to your product for exporting to South Korea. You may check with the Korean Customers Authority, or the Korean
      483 words
    • Article
      Lock icon Asean-Korea FTA makes a difference for SMC
      356 10 It sees benefits as much of its inputs come from region By CHUANG PECK MING SMC-Food 21 started shipping its products to South Korea "a long time ago", according to the company's general manager Shinji Niwa. But business there for the Singapore-based blend-
      356 words
  • Page 10 Advertisements
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      194 10 ikl Ik Goods: If you do substantial value-add in Singapore and/or source from To access a wealth of information on our FTAs, including tariff concessions y ASEAN countries, you may be able to use FTAs to help your importers you stand to benefit from, visit our FTA website at www.fta.gov.sg.
      194 words
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      46 10 I^J =r The Business Times SINGAPORE Singapore r Singapore International a weekly industry-focused series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com
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  • ECONOMY WATCH
    • Article
      Lock icon Carry trades pose hazard for Asian emerging markets: lIF
      580 11  -  ANTHONY ROWLEY Financial turmoil could become serious enough to hit global growth Byi in Tokyo EMERGING markets, especially in Asia, have weathered recent global financial turmoil well, but dangers still exist, says the Institute of International Finance (IIF) in Washington. Unwinding
      580 words
    • Article
      Lock icon Defaults in Asia to rise next year: investor survey
      309 11 Bloomberg But 60% don't see global slowdown till second half of 2008 [HONG KONG] Investors in Asia's credit market expect defaults in the region to rise next year because of slowing economic growth, according to a survey by Morgan Stanley. Almost
      – Bloomberg  -  309 words
    • Article
      Lock icon State Street exposed to conduits: report
      156 11 Reuters [NEW YORK] Institutional money manager State Street Corp faces US$22 billion exposure to asset-backed commercial paper conduits, the off-balance sheet vehicles that have caused problems for rivals in recent weeks, British newspaper The Times reported. The Boston-based bank has credit lines to at
      Reuters  -  156 words
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      17 11 Lianhe Zaobao I I China I imported copyrighted I publications last year IMBH I ttiß|Jfc<p 3i»B«n«i 10,950**
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      1464 11 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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  • MALAYSIA
    • Article
      Lock icon DRB-Hicom, GM in Chevrolet tie-up
      263 12 ■AP [KUALA LUMPUR] A unit of US automaker General Motors Corp tied up with Malaysian conglomerate DRB-Hicom Bhd yesterday to explore making Chevrolet cars for South-east Asia's booming market. Under the pact, the companies will "explore the establishment of a local vehicle assembly programme as
      ■AP  -  263 words
    • Article
      Lock icon M'sia to seek bids for RM3b water project
      166 12 Bloomberg KUALA LUMPUR] Malaysia will call an international tender next month for a RM3 billion (Ssl.3 billion) water oroject, Energy, Water and Communications Minister Lim fCeng Yaik said yesterday. The project will transfer water from eastern Pahang >tate to Selangor, the country's
      – Bloomberg  -  166 words
    • Article
      Lock icon Klang woes: minister denies fraud
      448 12  -  S JAYASANKARAN On bailout he says it's like other major strategic projects which needed help By in Kuala Lumpur MALAYSIAN Transport Minister Chan Kong Choy yesterday denied there was fraud in the implementation of the RM4.6 billion (Ss2 billion) Port Klang Free Zone complex built
      448 words
    • Article, Illustration
      Lock icon Abdullah defends M'sian unity ahead of 50th national day
      243 12 AFP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Badawi has strongly defended the unity of the country as it marks 50 years as a nation this week, accusing critics of wrongly painting a bleak picture. Mr Abdullah said that the "naysayers" were
      AFP; AP  -  243 words
    • Article
      Lock icon Telekom Malaysia to focus on expansion in Asia
      204 12 Bloomberg [SINGAPORE] Telekom Malaysia Bhd, South-east Asia's second-biggest phone operator, will focus on expansion in Asia and may plan acquisitions, said Zamzamzairani Mohd Isa, chief executive officer of domestic business. Telekom Malaysia is expanding in emerging markets including India, Sri Lanka and
      Bloomberg  -  204 words
    • Article
      Lock icon BURSA MALAYSIA
      2402 12 VOL C000) mg28 RM \&M Realty 0.78 \bricBhd 0.29 \dvance Synergy 0.36 Vjventa Bhd 1.46 \eMulti Hldgs 0.29 \ffin Holdings 2.54 \hmad Zaki Resou 4.18 SjcCorp 0.54 \irasia Bhd 1.93 \kn Messaging Te 0.22 \kn Technology 0.84 \luminium Co 1.30 \malgamated Ind 0.55 \minvestment Grp 3.58 Vnmb Hldgs
      2,402 words
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      234 12 m i "j 'T;i.^^^^tf jmj-'WL&JS* _^^^^fl J^RXrJff;2'**(*" j^V. SV^Rr^K' f J i /y ,f f, hi C ,-^y l/\, J y];y^>!^y^yi/ D'tf^Jl^ I 0, u]yl/\ W^^J^if/y^/ y J /J n ,/nl/l lyZ/j J-U \,{/r, IS/ r /-i-r /"7/ rf^yj Z/J^ J-- U7 L/yl/ UI y^y\\^ I JJ B^t»T«S" J JT
      234 words
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  • INDONESIA
    • Article, Illustration
      Lock icon Indon lawmakers approve wider deficit
      291 13 -AFP 58.3t rupiah deficit for 2007 budget due to expected fall in govt revenues [JAKARTA] Indonesia's parliament yesterday approved changes to the state budget for 2007 to allow a deficit 43.9 per cent wider than earlier planned due to an expected decline in government revenues.
      -AFP; AFP  -  291 words
    • Article
      Lock icon Govt freezes hot-rolled steel import duty
      188 13 Reuters [JAKARTA] Indonesia has suspended a 5 per cent import duty on hot-rolled steel coil to secure domestic supplies, an industry ministry official said yesterday. The government suspended the import duty in early August and would maintain the move at least until December, said
      Reuters  -  188 words
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      299 13 &M mSm I Geo-Political RiskS to the Global Economy [Marvin Zonis 1 °EIJ'NG Professor of Business Administration, University of Chicago GSB Monday SeptemberlO, 2007 We are in the midst of the greatest economic boom in world BeiJing American Club history. This boom differs from earlier periods of global expansion because
      299 words
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  • GREATER CHINA
    • Article
      Lock icon China to root out unqualified toy makers
      302 14 It begins nationwide campaign, vows to revoke certificates of problematic firms [BEIJING] China launched a nationwide campaign yesterday to weed out unqualified toy makers in the wake of a massive worldwide recall of Chinese-made toys. The plan comes two weeks after Mattel Inc,
      302 words
    • Article, Illustration
      Lock icon Acer morphs into global powerhouse
      348 14 Reuters [TAIPEI] Since taking the helm at Taiwan's top PC maker two years ago, JT Wang has trumped his opponents by building Acer Inc into the world's No 3 computer maker. Acer announced on Monday that it was paying US$7lO million for US computer firm
      – Reuters; REUTERS  -  348 words
    • Article
      Lock icon China exposure to US sub-prime ills limited: official
      254 14 Reuters [BEIJING] China has only limited exposure to problems in the US sub-prime market, and its commercial banks have set aside adequate provisions for dealing with the problems, an assistant central bank governor said yesterday. Vi Gang's comments came after banks such
      – Reuters  -  254 words
    • Article
      Lock icon China Telecom posts flat Q2 profit
      287 14 Bloomberg It misses analyst estimates after rivals undercut fees [BEIJING] China Telecom Corp, the nation's biggest fixed-line phone operator, reported second-quarter profit that missed analyst estimates after mobile operators lured users by cutting fees. Net income was 5.68 billion yuan (551.14 billion), unchanged from
      – Bloomberg  -  287 words
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      201 14 mi P*i§l H si EBI3M HI nil S^Bwi mnhb Bfiii R^l 1 i i t i i t *i t y^J Pk'i^l M-J----i-::^iJill[i I ill I Singapore Tokyo Tokyo Singapore Morning Flight m^yj^|^^^ Night Flight Flight No Dep Arr Flight No City Dep Arr Flight No City Dep Arr Flight
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      365 15 SB *f?|i ■—vi,. \■-'"'^■-^~~'~~--~~r~ i ><\ ...wi*,,, f-if:: > a :,r .-.I 'jfil A kHBHb s^ W -^fe^Is your IT system as reliable as you think? f*\ This is your wake-up call. Your business is at the When you can't afford downtime, C^ mercy of your IT system, but Fujitsu
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  • INDIA
    • Article
      Lock icon Congress Party likely to gain in mid-term election: poll
      471 16 Bloomberg Communist parties, which oppose nuclear deal with US, set to lose seats [NEW DELHI] India's ruling Congress Party will gain if a mid-term election is called, while its Communist allies, which oppose a nuclear accord with the US, may lose
      Bloomberg  -  471 words
    • Article
      Lock icon Banks urged to avoid holding company status
      185 16 Bloomberg [MUMBAI] India's banks should avoid setting up holding companies for financial units such as insurance, the central bank said, threatening plans by the country's two largest financial institutions. The structure of a holding company makes it harder for the central bank to
      – Bloomberg  -  185 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7741 16 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.064/ i Star Europe Bond 1.198/ Star Europe Bal 1.242/ Star Asian Tiger Eqty 1.548/ Star Asia Bond 1.281/ Star Asia Balanced 1.095/ Star Global Technology Fund!** 0.235/ Multi St Fd 0.977/ Star Asia Bond(USD) 0.844/ Gib Multi St
      7,741 words
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      90 16 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 Ell NO ONE KNOWS EVERYTHING j& An investor who has all the answers doesn't even understand the questions.
      90 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Saudi to ease rules on Gulf investors
      383 17 -Re- uters Members of GCC bloc to get full equality in holding and trading stocks [RIYADH] Saudi Arabia's Cabinet ordered the bourse regulator on Monday to remove constraints on investors from five other Gulf Arab oil producers. A Cabinet statement carried by the
      -Re; uters; Ps  -  383 words
    • Article
      Lock icon Dubai bourse to showcase firms to US investors
      131 17 Reuters [DUBAI] Dubai's stock exchange will showcase its companies to investors in New York in November to try to attract more foreign capital, the chairman of the bourse said on Monday. At least 14 companies, including Emaar Properties, the largest Arab real
      – Reuters  -  131 words
    • Article
      Lock icon Syria's first Islamic bank opens with US$100m
      198 17 -AP [DAMASCUS, Syria] Syria on Monday opened its first Islamic bank one that operates exclusively on the basis of Syariah, or Islamic law with a starting capital of 5 billion Syrian pounds or US$lOO million (Ssls3 million). The opening of the Kuwaiti-owned Cham
      -AP  -  198 words
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  • ASIA PACIFIC
    • Article, Illustration
      Lock icon Horse flu: top stallions quarantined
      535 18 Bloomberg Aussie outbreak disrupts int'l thoroughbred breeding season [CANBERRA] Australia's equine influenza outbreak is bringing international thoroughbred breeding to a standstill as authorities keep more than 40 of the world's top-ranked stallions in quarantine, breeders said. Rock of Gibraltar, named World Horse of the Year
      – Bloomberg; BLOOMBERG  -  535 words
    • Article
      Lock icon Lenovo's bid for Packard Bell hit by rival's deal
      151 18 -AFP [BEIJING] A bid by China's Lenovo to buy major European personal computer maker Packard Bell will probably fail due to an acquisition by rival Acer, state media said yesterday. The Lenovo plan may be aborted after Taiwan's Acer announced on
      -AFP  -  151 words
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      280 18 R^ni ffl H fe '*&a' Diners Club Card r O a^/ 2/ C a//64i6 0980 MA mm A World of Exclusive Privileges Treats (il^k Diners Club I—mbm I [g Riverside Indonesian Restaurant J k j.wii-'.vvm Hw 30 Merchant Road, #01-04 Riverside Point ULFL^^rL RftXTSiOf.UWOni: |50m f rom ClarkeQuayMßT Exit B]
      280 words
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  • WORLD
    • Article, Illustration
      Lock icon Zoellick tries to end loan slump at World Bank
      867 19 Bloomberg He says the agency must behave more like a Wall St firm to halt slide in lending [WASHINGTON] World Bank president Robert Zoellick is bringing a touch of Goldman Sachs Group Inc to rescue the poverty-fight-ing agency's slumping business. The
      Bloomberg; REUTERS  -  867 words
    • Article
      Lock icon Barclays plays downs concerns on SIV-lite debt vehicle
      314 19 Reuters [LONDON] British bank Barclays denied yesterday that failed debt vehicles structured by its investment banking arm had left it with an exposure worth hundreds of millions of dollars, playing down growing concerns. Barclays Capital has been one of the most innovative
      – Reuters  -  314 words
    • Article
      Lock icon Home prices, consumer confidence tumble
      409 19 Bloomberg, Reuters LATEST US DATA [NEW YORK] Home prices fell by a record amount in the second quarter as sales fell and mortgage lenders made it tougher to get a loan. At the same time, Americans' confidence in the economy also fell to its lowest
      Bloomberg, Reuters  -  409 words
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      264 19 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
      264 words
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  • AVIATION
    • Article, Illustration
      Lock icon SIA to buy stake: China Eastern
      698 20 -Bloomberg Official of Chinese carrier says agreement will be signed on Sept 2 [SHANGHAI/SINGAPORE] Singapore Airlines Ltd, Asia's most profitable carrier, will buy a stake in China Eastern Airlines Corp, gaining more access to a market forecast to grow fivefold by 2025. An agreement
      -Bloomberg; AP  -  698 words
    • Article
      Lock icon Regulators order checks of Boeings after fire
      410 20  -  [WASHINGTON] Federal regulators ordered airlines to inspect the wings of more than 700 Boeing jets in response to a fire that destroyed a plane after it landed in Japan last week, officials said on Monday. The inspections will affect more than 780 next-generation
      410 words
    • Article
      Lock icon Salvage crews retrieve Indon jet's black boxes from ocean
      252 20 ■AP [JAKARTA] Salvage crews have recovered the flight data recorders of an Indonesian jetliner that plunged into the sea on New Year's Day, killing all 102 people onboard, a senior government official said yesterday. "They have retrieved two black boxes," said
      ■AP  -  252 words
    • Article
      Lock icon Air NZ's H2 profit surges to NZsl4om
      433 20 Bloomberg New destinations, upgraded fleet help it increase earnings [WELLINGTON] Air New Zealand Ltd more than doubled second-half profit after adding destinations and upgrading its aircraft to woo more high-paying passengers. Net income rose to NZ$l4O million (*****.5 million) in the six months
      – Bloomberg  -  433 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2372 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,372 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      383 20 CRYPTIC CROSSWORD ACROSS n blre i n i rg j [7 lre i i 1 Government assistance for —l^H——^— party HH 5 Second Part of 1 (8) i^BnT"| 9 A heartless tale trouble for M H H M H M 10 Old King George English? A |B| PB ijH IJM
      383 words
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  • SHIPPING
    • Article
      Lock icon Training ships make a comeback
      591 21  -  DAVID HUGHES By HIRTY years or so ago, training ships for merchant vessel officer cadets were starting to be seen as things of the past. This is a generalisation, of course; some countries' maritime colleges have kept them as a central part of their training
      591 words
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      Lock icon Boomtime for shipping firms as rates rise, supply tightens
      673 21 Bloomberg Shares poised for strong returns as demand for freight steams ahead [LONDON/NEW YORK] Shipping companies are sailing through this month's turmoil in financial markets and shareholders are poised for annual returns above 20 per cent. Shipping rates as measured by
      – Bloomberg; BLOOMBERG  -  673 words
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      288 21 Career Discovery* CATS Recruit Career Fair J8 9 September 2007, 10am Bpm ,j Suntec Singapore, Hall 401 A Free Admission I! E Uncover bright prospects! Whether you To better prepare you for the job market, are seeking a job or aspiring to upgrade check out our career planning seminars yourself,
      288 words
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      Lock icon Page 21 Advertisements Column 2
      1100 21 [M JAPAN LAND LIMITED 1 Wj IVI IVI lIV (Incorporated in the Republic of Singapore] ■Jnrnl 1 km«V ICompsny Rsgisiralion No. *****7417K) PROPOSED ADJUSTMENTS TO THE WARRANTS Share Consolidation The Board of Directors of Japan Land Limited (the "Company") refers to the previous announcements by the Company and its circular
      1,100 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Taking the green message to business
      465 22 IT'S been said so often as to seem almost a platitude: "Go green because it's good for your business". And certainly there are many high-profile examples of corporations taking measures to make their businesses more environ-ment-friendly. But by and large, the impact of the
      465 words
    • Article, Illustration
      Lock icon Is China choking on its own success ?
      1393 22  - Is China choking on its own success JOSEPH KAHN JIM YARDLEY -NYT Its economic growth is dependent on colossal inputs of energy derived mostly from coal By and J 0 country in history has emerged as a major industrial power without creating a legacy of environmental damage that can take
      -NYT; AFP  -  1,393 words
    • Article, Illustration
      Lock icon China continues to embarrass itself
      760 22  -  FRANK CHING THE BOTTOM LINE A CHINESE saying has it that "It is easier to move a mountain than change a person's nature". This is similar to the English expression that a zebra cannot change its stripes Time and again, the Chinese authorities, through their
      760 words
    • Article, Illustration
      Lock icon When easy money dries up
      1015 23  -  CARTER DOUGHERTY -IHT It's likely the US Federal Reserve will aggressively cut interest rates this year, flooding markets with cheaper cash By SIXTY years ago, the Austrian economist and ardent free-marketeer Friedrich Hayek envisioned economics as the study of "the results of human action but
      -IHT; REUTERS  -  1,015 words
    • Article, Illustration
      Lock icon Bush's selective reading of the Vietnam War
      1082 23  -  ANDREW J BACEVICH LAT-WP By FINDING in the debacle of the Vietnam War a rationale for sustaining the US military presence in Iraq requires considerable imagination. If nothing else, President George W Bush's speech to the Veterans of Foreign Wars (VFW) last week
      LAT-WP; AFP  -  1,082 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7828 24 Transaction date: Aug 28 52-wks Tel h Low Code Last Sale Vol *000) Hiq Day Last Quote Div GrYld Net h Low Buyer Seller C'vr P/E MCap Smil H|£ Comp 3.5 2 5716 1st Software 22 6 3148 STelecom 34 17.5 5834 A-Sonic 103 98 6389 ABF SG
      7,828 words
    • Article
      Lock icon SGX XTRANET
      69 24 JiL Low Code Comi Sale roooi JiL Low Bui Seller C'vr P/E $mi ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDP.S 3730 2510 6235 STI ETF 100 3761.6 2508.4 6236 STI
      69 words
    • Article
      Lock icon SGX SESDAQ
      2136 24 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote Div GrYld Net MCaj |h Low Buyer Seller C'vr P/E $mi Comi >an' Hii 30 13 1181 AAGrp 41.5 18 5000 ABR Hldgs 61 14.1 2319 Adampak 64.5 23 8515 Advanced Hldgs 16.5 1 1501 Advanced
      2,136 words
    • Article
      Lock icon CLOB INTERNATIONAL
      210 24 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum
      210 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Alll 27 World Index Preliminan 1128.9 -0.2 2.6 -0.4 3.4 -0.2 4.5 t EAFE Preliminan 1120.7 0.3 1.2 0.1 3.2 0.3 4.3 Eun Preliminary 1526.0 0.1 2.2 0.0 4.2 0.2 5.2 Pacific
      363 words
    • Article
      Lock icon PALM OIL
      60 25 Aug2B Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Sep 07 2526 2490 2526 2479 1632 4436 Oct 07 2471 2445 2473 2427 3216 ***** Nov07 2426 2412 2440 2398 3615 ***** Dec 07 2412 2397 2422 2387 1008 8097 Total o/p:
      60 words
    • Article
      Lock icon PRECIOUS METALS
      128 25 Aug 28 /oz) Hong Kong London 666.30 665.30 666.80 666.30 Auq 23 Aug 24 659.25 661.70 659.75 662.20 Source: Reuters CAST BAR (S$) Aug28 Buying Sellim Kilobar "35,006.12" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm WOgm 1 oz 1 ozUBS Kinebar™ 78.11 222.56
      128 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 25 Auq2B STI SIMSCI Am 419.5 419.8 410.4 Taiwan Aui 336.6 339.7 337.9 Source: MF Global (S) Pte. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 25 Aug2B Bid Offer 1-month 1.5178 1.519 2-months 1.5142 1.5155 3-months 1.5108 1.5121 6-months 1.5024 1.5037 Source: OCBC
      20 words
    • Article
      Lock icon SICOM FUTURES
      276 25 Aug 28 KUBBtK 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 08 322.00 321.25 321.25 320.50 320.50 322.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
      276 words
    • Article
      Lock icon CHICAGO BOT
      100 25 Aug27 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 07 856.50 849.00 857.00 839.00 Nov07 872.75 865.00 873.50 854.50 Jan 08 888.25 880.25 889.00 870.00 Mar 08 899.00 890.50 899.00 880.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 07 36.18 35.92 36.18 35.50 Oct07 36.40
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Aug27 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 69.5 -0.98 WTI (Near Mth) 72.06 0.89 Dubai (1-Mth F) 67.27 0.72 Tapis blend 75.6 0.75 Minas 72.7 0.7 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.00 83.65 1.45 0.85 US$/barrel Opec Oil Basket
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      447 25 Aug 28 Australia 0.870 6.223 0.604 6.425 33.885 77.468 0.951 7.741 2.880 1.164 50.099 38.485 1.253 5.971 0.989 27.197 28.305 0.411 0.824 Canada 1.150 7.153 0.694 7.385 38.951 89.050 1.093 8.899 3.310 1.338 57.589 44.239 1.441 6.864 1.137 31.263 32.536 0.472 0.947 China 0.161 0.140 0.097 1.032
      447 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 As at 9am Aug 28 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2480 1.2620 Can dollar 1.4340 1.4510 Euro 2.0640 2.0880 NZ dollar 1.0740 1.0970 jterlini ind 3.0410 3.0740 US dollar 1.5140 1.5310 Local dollars to 100 units of foreign
      130 words
    • Article
      Lock icon INTERBANK RATES
      164 25 Aug 28 fer Bil Overnight 1 7/8 1 -month 2 5/8 2-months 2 11/16 3-months 2 3/4 Overnight mode: 2 1/4 US$ Offer 1 5/8 2 1/2 2 9/16 2 5/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 5.45
      164 words
    • Article
      Lock icon SIBOR
      76 25 Aug 28 1 mth 5.***** 2.***** 2 mths 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 5.***** 2.***** 9 mths 5.***** 2.***** 12 mths 5.***** 2.***** SWAP Offer rates (S$) 1 mth 2.***** 2 mths 2.***** 3 mths 2.***** 6 mths 2.***** 9 mths 3.***** 12 mths 3.***** SWAP
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    • Article
      Lock icon LONDON METALS
      68 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2510.50 2473.00 3 months 2568.00 2532.00 Copper, Grade A (US$/tonne) Cash 3 months 7403.00 7315.00 7343.00 7251.00 Lead (US$/tonne) Cash 3316.00 3 months 3240.00 3196.00 3180.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      79 25 Aug 24 (Btonne) Close Prev Hii ih/Low SepO7 921 923 Dec 07 948 950 Mar 08 966 968 May 08 977 978 937/909 964/936 981/954 991/970 COFFEE (US$/tonne) Close Pev High/Low SepO7 1668 1663 1700/1663 Nov07 1706 1700 1738/1701 Jan 08 1715 1711 1740/1711 Mar 08 1722 1721 1750/1719
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      152 25 Aug2B Currencies Bid Offer Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2526 1.2542 0.8234 0.8239 Canadian dollar 1.4399 1.4417 0.9465 0.9471 Euro 2.0760 2.0775 1.3646 1.3647 NZ dollar 1.0763 1.0775 0.7075 0.7078 Sterlini 3.0516 3.0537 2.0059 2.006I US dollar 1.5213 1.5223 S$IUS$ to
      152 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 25 Au g2B Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****T 29.11.07 1-Year BY*****V 30.04.08 2.31 2.32 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh 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
    • Article
      Lock icon SGX DERIVATIVES TRADING
      342 25 Aug 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO7 DecO7 MarO8 JunO8 94.662 95.110 95.365 95.415 0 0 0 0 9023 ***** ***** 7121 EUROYEN FUTURES SepO7 99.170 99.175 DecO7 99.130 99.135 MarO8 99.080 99.090 JunO8 99.040 99.050B SepO8 98.990B DecO8 98.915B MarO9 98.835B JunO9
      342 words
    • Article
      Lock icon BONDS & WARRANTS
      2722 25 BONDS WARRANTS Tel Code Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left 3779 ASL Marine Hldgs W*****1 95.5 -1.5 5 1631 Ace Dynamics W*****7 26 1 49 1 53 1 20 -2 1.58 1.77 8 20 2036 Advance SCT Ltd W*****9
      2,722 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      86 25 H V^H—^—c ■^f!f9rV^^s^^sV^sV 11^^^^^^^^= *^=^^^=M POEMS Pro Trader Key Features: U M 9M I SK^S^^^SV ;VV Monitor your real time Intraday Profit Loss tf9f|Q9VVSWV^^ p*n lift WilnJ B^V VA mX&ys4SJ*l Ability to place advanced order types like Jt*"*^ I f|^i I I wiagrr Stop Limit and Contingent Orders J^p -^L^''^^mfn^^VI^MHRI^nWI^P
      86 words
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      Lock icon Page 26 Advertisements Column 1
      2887 26 SHIPPING TIMES t*-j *±%ttilil* IffiiFlMfffß HS3 HHI PJfeffim UK CONTINENT SERVICE U.S.A SERVICE S>!?ff!jfi'^BPM Destination Destination m^g DURUMATA RTM/ATW/UK STXPOTBN CAM/NFK/SAV/NOL IiNTERASIA RORO SERVJcT" H VESSEL/VOY I RAMPfICT) HEIGHT(M) PKG KCH LCB I SIN I JKT Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia STRAITS SUCCESS 25 10 3
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      4017 27 WAN HAI INTERNATIONAL PTE LTD crn0 **********0/r I PT A CTPTI? XT P 1 A 1? I lIVF11? I TTI //®V C<k C& T+CA %-T--\ ■■>■ ■■>■■« TEL *****588 (14 LINES) FAX:*****163 I R f H/iVIJ IH/ JVl> l^i\JV l^ll>lrLJV, LIU &WS l£l iSz/vMS \AMN\AiAM II Al INFQ Cuslolnel Swvke/Booltinjs
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      3414 28 111 ll^fl Nordana (Asia) Pte Ltd Ifa GLO"Y NAVIGATION GROUpI Bl^BM 70 Shenton Way, #21 -03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE owns operates the youngest fleet |HPi9iH|HHHpHMP|HHMipp|MHH|ppHHiHaMMMipVM^ppiPiappqMlMHa|l monthly service to western Australia and islands iiate\ bBFAtBivnL imTis WITH IliMaiMSffliiMMMiaMaMiiiiittMifflii^^ I VESSEL I VOY I Singapore I Jakarta
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  • MOTORING
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      Lock icon Construction boom spurs demand for big HGVs
      689 30  -  SAMUEL EE Category 4 models see strongest orders with demand unlikely to ease up ByS THE construction boom is driving sales of very heavy goods vehicles, with this year's total orders likely to be as much as 50 per cent higher than in
      ARTHUR LEE  -  689 words
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      Lock icon The European advantage in LGVs
      598 30  -  SAMUEL EE Complying with new standard gives them edge over Japanese By EUROPEAN makes have almost doubled their market share in the light goods vehicle (LGV) market, which has traditionally been dominated by Japanese brands. Unlike the very heavy goods vehicle part of the market,
      598 words
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      1559 30 /^V^ /Of 'T£\ In The Matter Of {r*{d6& §&gfl) The Companies Act, Cap. 50 X^ B T I^l -*U*W t^**-» W^ I J V>~V- (Company Registration No. *****7366E) I (2) NEOFORMWORKPTELTD VTy AGRICULTURAL BANK OF CHINA (Company Registration N0.*****4155D) (INCORPORATED IN THE PEOPLE'S REPUBLIC OF CHINA! (3) NEO INDUSTRIES PTE
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  • EXECUTIVE MONEY
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      Lock icon A limited financial liquidity crunch
      1152 31  -  HANIF KANJI MONEY MATTERS Current environment offers excellent opportunity for committed long-term investors to capture low prices THE newspaper headlines are bleak: Sub-prime mortgage crisis credit crunch equity markets in freefall bond markets quake. Can things really be this bad? Stop listening to the noise,
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      Lock icon Beware tax traps during job assignments abroad
      1015 31  -  BJOOI SEAN TEGGART IN THIS era of international employee mobility, crossborder assignments have very much become the norm. Indeed, many organisations regard international experience as essential for an employee's career development. In some instances, a double tax treaty exists with a host country
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      Lock icon Income for life and more
      1263 32 First investment-linked variable annuity product here has guaranteed features, but comes with higher costs, reports GENEVIEVE CUA Source: IF YOU are saving for retirement, the prospect of living 20 to 30 years on your savings is a daunting one. Annuities, which will eventually be made
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      Lock icon How retirement funds are affected by patterns of returns
      354 32  -  GENEVIEVE CUA By THE pattern of investment returns matters much more in retirement when you begin to draw an income than it does in the pre-retire-ment phase. Scenarios drawn up by Manulife illustrate this sharply. To sum up, a series of
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