The Business Times, 30 August 2007

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Microfilm: NL27785
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Thursday,August3o,2oo7
    21 words
  • Article, Illustration
    Lock icon Alternative bourses raising more funds than ever
    658 1  -  CHOW PENN NEE Analysts upbeat about prospects for alternative exchange in Singapore with Sesdaq revamp By [SINGAPORE] The move by the Singapore Exchange (SGX) to remodel Sesdaq after London's Alternative Investment Market (AIM) cannot come soon enough, judging by the fast-growing importance of
    658 words
  • Article
    Lock icon Mid-East backers sign on dotted line to launch mega Johor project
    623 1  -  S JAYASANKARAN They will have 70% stake with SJIC holding the rest By in Kuala Lumpur THREE Middle Eastern firms signed agreements with the South Johor Investment Corporation (SJIC) yesterday to kick-start the development of the Iskandar Development Region
    623 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      47 1 Inesday 1,263.70 lange -15.25 KLCOMP NIKKEI 225 16,012.83 -274.66 HANG SENG 23,020.60 -343.16 SET INDEX 792.04 +3.83 JAKARTA COM P 2,134.88 -24.73 MANILA COMP 3,209.53 -42.24 SEOUL COMP 1,826.19 -3.12 SHENZHEN B 717.25 -9.97 MUMBAI IND 14,993.04 +73.85 12NOONEDT Change 13,183.70 +141.85 DOW NASDAQ 2,533.10 +32.46
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    • 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$ per US$) 1.526 (USS/SS ier 2.003 3.056 EURO(US$/S$/E) 1.360 2.074 YEN 114.40 75.00 RM 3.499 2.294 HK$ 7.800 5.113 BAHT 34.33 22.50 RUPIAH 9,426 6,178 RENMINBI 7.551 4.949 INDIAN RUPEE 41.22 27.01 A$ 1.231 0.807 NZ$ 1.438 0.943
      41 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article, Illustration
      Lock icon MPA steers local maritime ambition
      1583 2  -  GEORGE JOSEPH New goal is to go beyond being a port hub and complete the value chain By [SINGAPORE] Singapore is by most international measures a maritime nation. Yet, there is not much public awareness of the importance of this sector to the economy. And
      Jason Leong  -  1,583 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Malaysia's 5.7% growth in Q2 beats forecasts
        65 2 MALAYSIA'S annual economic growth accelerated in the second quarter, the central bank said yesterday, confident that public spending and regional trade would help the economy weather the global credit turmoil. The economy rose a better-than-expected 5.7 per cent in the second quarter, driven
        65 words
      • Article
        Lock icon Magnecomp to sell unit for US$l23m
        60 2 MAGNECOMP International said it has agreed to sell its entire 74.3 per cent of loss-making unit Magnecomp Precision Technology Public Co Ltd to TDK Corporation of Japan for US$l23 million. This divestment is expected to swing the group back into the black in its
        60 words
      • Article
        Lock icon Seksun shares surge on talk of buyout
        50 2 SHARE of precision engineering company Seksun Corporation soared 12 per cent yesterday on speculation that it may be bought over by a private equity firm and merged with a competitor. The surge prompted a query from the Singapore Exchange. COMPANY NEWS, PAGE 6
        50 words
      • Article
        Lock icon Wing Tai Q4 earnings triple to $243m
        71 2 WING Tai Holdings yesterday posted fourth-quarter group net profit of $243.2 million, more than triple the $75.4 million for the previous corresponding period. The results brought the group's net earnings for the full year to June 30, 2007 to $381.8 million a record
        71 words
      • Article
        Lock icon SMEs set to give logistics sector a $600 m boost
        67 2 SPRING Singapore's $10 million Logistics Capability Development Programme is expected to add $600 million worth of value to the logistics industry by 2011, Spring Singapore chief executive Loh Khum Yean said yesterday. This value-added will come from the 200 small
        67 words
      • Article
        Lock icon Global credit crunch almost over: Mobius
        60 2 THE global economy is "very healthy" and the credit crunch stemming from the US mortgage losses has "almost passed", said Mark Mobius, who oversees US$3O billion at Templeton Asset Management Ltd in Singapore. "Markets are probably going to surge ahead to new highs barring
        60 words
      • Article
        Lock icon Beijing makes its biggest bond sale
        93 2 CHINA sold 600 billion yuan of bonds to the central bank in the nation's biggest debt sale, providing funds for a state agency that will invest part of the world's largest currency reserves. The Ministry of Finance sold the first part of a 1.55
        93 words
      • Article
        Lock icon Ascott to buy Wilkie Road serviced apartments for $79m
        50 2 THE Ascott Group has agreed to buy a 99-year leasehold serviced residence in town for $79.3 million, the company announced yesterday. The property, located at Wilkie Road, is part of lifestyle complex Wilkie Edge, which is under construction. PROPERTY, PAGE 34
        50 words
    • Article, Illustration
      Lock icon M'sia's 5.7% Q2 growth beats forecasts
      612 4 Reuters Central bank plays down concern about outlook, sticks to 6% growth for 2007 [KUALA LUMPUR] Malaysia's annual economic growth accelerated in the second quarter, the central bank said yesterday, confident that public spending and regional trade would help the economy weather the global
      Reuters  -  612 words
    • Article
      Lock icon Spore moves closer to tapping floating storage
      349 4  -  RONNIE LIM JTC invites proposals on detailed feasibility study By [SINGAPORE] A plan to build floating oil and petrochemicals storage in Singapore is gaining pace. JTC Corporation yesterday put out a request for proposals (RFP) from consultants to conduct a detailed feasibility study.
      349 words
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      169 2 Start your day as you wish to continue it, with perfect peace of mind Li tab fc .v*^b V A Four Seasons Hotel Welcome to a tranquil sanctuary, designed to enhance both business BED BREAKFAST and leisure in Singapore. Just off Orchard Road steps from shopping, rates from entertainment and
      169 words
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      Lock icon Page 2 Advertisements Column 2
      9 2 people.* Black belts WOrR wanted. www.thepeopleatwork.com Asia-Pacific Executive Search
      9 words
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  • Page 3 Advertisements
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      58 3 AW)) CORTINA WATCH ESPACE: Singapore: Millenia Walk Tel: 65-6339 1728 Malaysia: Starhill Gallery Tel: 03-2142 1171 CORTINA WATCH BOUTIQUES: Singapore: Paragon Tel: 65-6235 0084 Raffles City Tel: 65-6339 9185 Gentrepoint Tel: 65-6738 9961 /"^pf no »i/ofr»k» Lucky Plaza Tel: 65-6734 3668 Malaysia: XL Plaza Tel: 03-2145 5171 Berjaya Times Square
      58 words
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  • Page 4 Advertisements
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      72 4 Q. What's the most profitable way to invest 90 minutes? A. For globally-minded senior executives, it's the time spent at our information session. That's the first step toward a degree that demonstrably delivers remarkable rewards, both financial and in terms of personal growth. Join our information session at the Fullerton
      72 words
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      Lock icon Page 4 Advertisements Column 2
      111 4 I SAVE TAX Our qualified professionals WJJI-1 J^ I can assist you with offshore M J structures, shelf companies and incorporations in ALL jurisdictions including: jiuj^ffl T7 I British Virgin Islands d Cayman Islands Bahamas J^B Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are
      111 words
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      303 5 ■^mbbßH^bklblb^b^b^ L"> V rJ^jL/ Vdijjrj JL rJJJJ LJ rJJJ JIJ/ !z>_/ \LJ J J J J Lj^Zj rJ /LJrJJ J L J I_j J !z>^ L/ J iz> jjj irj r) {_^)_f IJ-T JJJ J Cj </ _f £__i _f J _p \^)^J CJ L.J J^ L-lJ Ci L lit
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  • COMPANY NEWS
    • Article
      Lock icon Magnecomp to sell unit for US$l23m
      531 6  -  LYNETTE KHOO Loss-making unit to be sold to Japan's TDK; possibility of a special dividend By MAGNECOMP International said it has agreed to sell its entire 74.3 per cent of loss-making unit Magnecomp Precision Technology Public Co Ltd (MPT) to TDK Corporation of Japan
      531 words
    • Article, Illustration
      Lock icon Cerebos to make S'pore its regional research centre
      368 6  -  OH BOON PING By CEREBOS Pacific is planning to at least double its research and development facilities here over the next three years, and make Singapore the regional research centre for its health supplements. Yesterday, the food, beverage and health supplement producer
      368 words
    • Article
      Lock icon ASI seems dead sure about its prospects
      570 6  -  CONRAD RAJ AS IN life, there is money to be made from death. And Choo Yeow Ming, chairman and chief executive of Asia-Pacific Strategic Investments (ASI), knows this very well. While he believes that providing a proper and more pleasant resting place for
      570 words
    • Article
      Lock icon Seksun shares surge on talk of buyout
      272 6 SHARE of precision engineering company Seksun Corporation soared 12 per cent yesterday on speculation that it may be bought over by a private equity firm and merged with a competitor. The surge prompted a query from the Singapore Exchange (SGX). According to a
      272 words
    • Article
      Lock icon 0lam posts 20.5% jump in Q4 net profit to $30.5m
      553 6  -  OH BOON PING By OLAM International has reported a 20.5 per cent year-on-year rise in fourth-quarter net profit to $30.5 million as revenue climbed 48.2 per cent to $1.52 billion. Earnings per share for the quarter stood at 1.96 cents,
      553 words
    • Article
      Lock icon Property firms record good H1 gains, outlook bright
      839 8  -  KALPANA RASHIWALA Progressive booking of profits from projects sold will underpin results Reports by ALL the big listed property groups have reported substantial gains in net earnings for the period ended June 30, 2007. And the earnings outlook for the second half
      839 words
    • Article
      Lock icon Wing Tai triples Q4 net
      432 8 WING Tai Holdings yesterday posted fourth-quarter group net profit of $243.2 million, more than triple the $75.4 million for the previous corresponding period. The results brought the group's net earnings for the full year to June 30, 2007 to $381.8 million a record for the
      432 words
    • Article, Illustration
      Lock icon Wing Tai chief cautiously upbeat on property prices
      431 8 WING Tai Holdings' head honchos yesterday said the US sub-prime woes have slowed property transactions across the whole market here but believe that property prices are still on a growth path "if the sub-prime (crisis) stabilises within a reasonable period". Wing Tai
      431 words
    • Article
      Lock icon Midas tie-up in 2.16b yuan deal
      324 11 Consortium wins contract to supply metro train cars in Shanghai MIDAS Holdings, a Chinabased manufacturer of aluminium alloy extrusion products, yesterday announced that a consortium its joint-venture company is in has won a 2.16 billion yuan (***** million) contract to supply metro train cars
      324 words
    • Article
      Lock icon Second Chance new-concept store
      260 11 RETAIL and property counter Second Chance Properties said yesterday it will launch a Muslim Mart concept store to sharpen its focus on the Muslim market. The store will retail and wholesale products like Islamic books, Halal cosmetics and health products and other religious items, aimed directly
      260 words
    • COMPANY BRIEFS
      • Article
        Lock icon $58.5m Marina Bay IR contract for Lian Beng
        67 11 LIAN Beng Group said it has been awarded a $58.5 million contract for construction works for the Marina Bay Sands integrated resort (IR) development. It will provide services relating to the construction of the basement of all three towers of the hotel
        67 words
      • Article
        Lock icon MIIF to sell 3.2% stake in Brussels Airport Co
        56 11 MACQUARIE International Infrastructure Fund (MIIF) said it has agreed to sell its 3.2 per cent interest in The Brussels Airport Company to Macquarie Airports Limited for 52.8 million euro (*****.8 million). MIIF intends to use the sale proceeds to repay the
        56 words
      • Article
        Lock icon WBL subsidiary buys stake in another unit
        52 11 WBL Corp said its wholly owned subsidiary Shenyang Huaxin International Realty Co has acquired an additional interest of 6.98 per cent in one of the group's subsidiaries, Chengdu Huaxin International Realty Co. Shenyang Huaxin is buying the stake from two separate parties for
        52 words
      • Article
        Lock icon DBS unit to offer yuan products and services
        47 11 DBS Bank said its fully owned subsidiary DBS Bank (China) has received approval from the China Banking Regulatory Commission to offer renminbi products and services to local Chinese residents. It said more details will be announced in due course.
        47 words
    • Article
      Lock icon Meghmani breaks into Brazil, Pakistan
      173 11 INDIA-BASED pigment and agro-chemical maker Meghmani Organics has secured registration for its agro-chemical products in two fast-growing markets for pesticides Brazil and Pakistan. In Brazil, where the pesticide market is worth US$3.3 billion, Meghmani has obtained registration for Acephate. "This is a big breakthrough for
      173 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      889 6 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 15 years Total Amount Allotted SGD 2,300,000,000 Amount Allotted to Non-Competitive Applications SGD 332,655,000 Of which allotted to MAS SGD 200,000,000 Total Amount Applied SGD 4,014,735,000 Coupon Rate 3.125% p.a. Cut-off Yield Price 3.20% p.a. and on Allotment 99.112% Average Yield Price 3.07%
      889 words
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      Lock icon Page 7 Advertisements Column 1
      767 7 E*TRADE ranked #1 Premium Broker by Smart Money Magazine August 2007 Broker Survey. Smart Money is a registered trademark of Smart Money, a joint publishing venture between Dow Jones Company, Inc. and Hearst SM Partnership. Footnote: 1. Customers who trade at least 10 times per month (30 times per calendar
      767 words
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      166 8 P>^^ The global name in FX Choose a world leader for a professional FX trading service. We offer tight spreads on (65) 6390 5118 all major FX pairs and a huge range of exotics, plus CFDs on shares, indices and more. < Hf ,■i h- ffi ..h k t igmarkets.com.sg
      166 words
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      315 9 f' MB H^K 1 rife BB I—m i^^^^^ i J Citi Premier Miles Most miles. Most freedom to redeem them. They are your miles. So shouldn't you have the choice of how to redeem them? 9r§| Unlike ordinary miles, Citi Miles do so much more. Earn the most miles whenever
      315 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI slides for second day in a row
      591 10 STOCKS Blue chips got off to a weak start, led by losses in the three banking groups STOCKS here extended their declines to a second day yesterday, after shares in the United States and Europe fell overnight. The Straits Times Index (STI)
      CONRAD TAN  -  591 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 10 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 9 5 0 0 0 lanufacturing 34 111 50 11 17 11 45 128 61 Commerce 18 36 25 24 42 "pt/Stor/Comms 14 21 15 22 :inance 19 19 Construction 14 >ro| lerties 24 26
      92 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 29,927 29,927 135,161 135,161 lanufacturing 333,204 122,415 455,619 244,249 25,034 269,283 Commerce 135,388 7,254 142,642 89,245 1,987 91,231 •pt/Stor/Comms 112,318 5,840 118,158 356,092 6,244 362,337 :inance 64,702 108 64,810 682,644 27 682,671 Construction 220,176 42,149 262,325 95,003 13,016 108,019
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      219 10 Jlgreen 0.53 1.710 -0.060 \scendasreit 0.87 2.330 -0.060 lapitaComm 0.55 2.600 -0.070 la pita Land 4.91 7.350 -0.050 :apitaMall 0.92 3.400 -0.040 :hart SemiCond 0.59 1.070 +0.020 jtyDev 2.87 14.600 -0.100 lomfortDelGro 1.39 1.930 +0.010 losco Corp 1.68 4.960 -0.020 Creative Tech 0.16 6.050 +0.150 IBS
      219 words
    • Article, Illustration
      Lock icon BROKER'S TAKE
      971 10  -  MATTHEW PHAN SPICING it up: another acquisition. 01am has announced another acquisition. It is acquiring a 100 per cent stake in Key Foods Ingredients (KFI) for US$l2 million (or an enterprise value of US$l6 million) in cash, equivalent to an FYO7F P/E of 5.5 x, which appears inexpensive
      971 words
    • Article, Illustration
      Lock icon Yen down, high-yielders up as risk aversion calms
      510 10 Reuters CURRENCIES [LONDON] The yen weakened and high-yielding currencies recovered yesterday as investors, calmed by stabilising stock markets, cautiously re-entered risky carry trade positions. Soft data from the US housing and consumers sectors and news of more financial institutions being affected by
      ■ Reuters; AP  -  510 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article, Illustration
      Lock icon UOB SESDAQ INDEX
      3 10
      3 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      45 10 CLOSE -424.00 +280.0 BT OB/OS BT CADI -*****.00-188.00 BT 10-day MA -*****.00 -42.00 All-SG Equities 914.92 -2.48 SG Equities Elect 120.72 -0.04 SG Equities Fin 2315.49 -17.72 SG Equities Prop 1427.72 -17.55 SiMSCI 411.36 -0.73 SiMSCI Future 411.00 +0.60 PrimePartnersCI 234.19 -2.84
      45 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME Genlntß 170,246,000 Liang Huat 111,679,000 Chip EnqSenq 62,998,000 Chasen 54,648,000 Yonqnam 49,147,000 LCDev 47,725,000 CSC Hldqs 37,649,000 Gen Intl 34,837,000 Oculus 33,507,000 UOB DB eCWOBO2O4 31,197,000 VALUE(S) DBS Grp 273,758,678 UOB 181,425,232 Capita Land 112,175,250 Sing Tel 98,447,685 SGX 97,952,550 OCBC Bk 97,645,652 Keppel Corp 83,792,836
      58 words
    • Article
      Lock icon RISES
      103 10 BY CENTS CLOSE UP Jardine C&C 1500 40.0 2.7 CCCCRBeCW/*****5 269 28.0 11.6 STI3100SGAePW*****9 57.5 21.5 59.7 SIA 1850 20.0 1.1 STI 3500SGAePW*****7 98 19.0 24.1 STI 3600SGAePW*****0 127 19.0 17.6 SembMar MEReCW/*****8 62 18.0 40.9 STI 3600SGAePW*****7 114 16.0 16.3 Creative Tech 605 15.0 2.5 Haw Par Con
      103 words
    • Article
      Lock icon FALLS
      121 10 CLOSE DOWN China H 10US$ 1760 -45.8 -1.7 Asia Pac Brew 1310 -40.0 -3.0 DBS Gri 1950 -30.0 -1.5 .re Land 935 -25.0 -2.6 Kei Con 1240 -20.0 -1.6 UOB 2030 -20.0 -1.0 NOL 460 -16.0 -3.4 SC Global W*****0 368 -16.0 -4.2 Kei Land 775 -15.0 -1.9 SGX
      121 words
    • Article
      Lock icon CURRENCIES
      85 10 Where S$ stands Aug 29 CHNG CLOSE FRAug28 YR 2007 S$ LOW S$ HIGH USS 1.5254 -0.24 1.5479 1.5033 Euro 2.0754 0.19 2.0996 1.9913 Pounds 3.0664 -0.32 3.1194 2.9323 AS 1.2502 0.41 1.3411 1.1741 Yen* 1.3281 -0.84 1.3821 1.2285 Rill liah* 0.***** 0.03 0.***** 0.***** Baht* 4.4451 -0.34 4.5700
      85 words
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      528 11 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TAYEW CONSTRUCTION PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company's Registration No. *****0169N At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101 A Upper Cross Street, #11-22 People's Park Centre, Singapore
      528 words
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      Lock icon Page 11 Advertisements Column 2
      328 11 Distributors: Issuer: <t>, I SOCIETE ABNAMRO CltlDanK DMG& Partners^ GENERALE SECURITIES SGA Societe Generale Acceptance N.V. Tel: 1800 226 2676 Tel: 6333 9000 Tel: 6533 1818 wKIMENG OOCBC Securities UOBKayHian Tel: 6336 9090 Tel: 6538 4775 Tel: 6536 9338 mportant Information: A printed copy of the Base Prospectus and the
      328 words
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      Lock icon Page 11 Advertisements Column 3
      328 11 m iM m 'M m W 1&& \l J If you are facing any of the following: f 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
      328 words
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  • SINGAPORE INTERNATIONAL
    • Article
      Lock icon In India, quality preschools command a premium
      715 12 ingapore's early childhood educators are well qualified to meet demand, reports CHUANG PECK MING IN the Indian cities of Chennai and New Delhi, good preschools charge 10 times more than colleges and double the fees commanded by leading educational institutions such as the
      715 words
    • Article, Illustration
      Lock icon Big plans for a big market
      401 12 MMI aims to open 100 schools in major Indian states over next 10 years MODERN Montessori International (MMI), which started its training centre in Singapore in 1989, has big plans for India. The Singa-pore-based specialist in early childhood education, including teacher training, is aiming
      FILE PHOTO  -  401 words
    • Article, Illustration
      Lock icon Julia Gabriel wants to feed hunger for education
      519 12 INDIA was Julia Gabriel Centre for Learning's first stop in its venture abroad. And despite recent setbacks there, the Singa-pore-based young children's education enterprise is not pulling out. On the contrary, Julia Gabriel is looking to expand beyond the Indian capital New
      FILE PHOTO  -  519 words
  • Page 12 Advertisements
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      143 12 m Seminar Series: Business Trade Opportunities in Vietnam B A A one-day seminar offering insights, information and practical advice on doing business in Vietnam W(\^ Key Highlights: Learn how Vietnam's accession into the World Trade Organisation is presenting Date: Wednesday, 12 September 2007 a wealth of opportunities for foreign investors
      143 words
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      45 12 L The Business Times I SINGAPORE Singapore 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.iesing3pore.com
      45 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Govt's logistics leg-up plan to yield $600m in value
      516 13  -  NANDE KHIN SMEs draw on the $10m fund to gain expertise, new skills for growth By SPRING Singapore's $10 million Logistics Capability Development Programme (CDP) is expected to add $600 million worth of value to the logistics industry by 2011, Spring
      516 words
    • Article
      Lock icon CPI up 0.8% in first half of '07, H206 inflation at 0.7%
      250 13 Impact of GST hike will be reflected in H2 2007 THE consumer price index (CPI) rose 0.8 per cent in the first six months of 2007 for general households, while the impact of the two percentage point increase
      250 words
    • Article
      Lock icon Marks & Clerk in merger with Lloyd Wise
      188 13 Marks Clerk in merger with Lloyd Wise PATENT and trademark firm Marks Clerk announced a merger yesterday with Lloyd Wise. The firm says there is rising demand for high-level intellectual property (IP) advice in the Far East. The merger will create a resource pool of over 230 practitioners in 19
      188 words
    • Article
      Lock icon Cities moving towards more efficient water treatment
      389 13  -  MATTHEW PHAN By CITIES around the world are looking at more efficient ways to manage water treatment such as purifying only the one per cent of water that households typically use for drinking, says a consultant to Malay-sian-based water treatment firm Elken. "The
      389 words
    • Article, Illustration
      Lock icon WATER CONTROL
      112 13 MARINA Barrage, the $226 million project that is currently being built across the Marina Channel, will help prevent flooding in Singapore's low-lying areas, while the new reservoir Singapore's 15th will provide an additional source of water. The reservoir will also serve as an arena for watersports. The seven
      112 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon PM Lee, wife attend Merdeka Celebrations
        36 13 PRIME Minister Lee Hsien Loong and Mrs Lee are visiting Kuala Lumpur today and tomorrow to attend Malaysia's 50th Merdeka Celebrations at the invitation of Malaysian Prime Minister Abdullah Badawi.
        36 words
      • Article
        Lock icon New ambassador to the Holy See
        51 13 THE government has appointed Barry Desker as Singapore's next Ambassador to the Holy See. Mr Desker, who is the Dean of the S Rajaratnam School of International Studies at NTU and Director of the Institute of Defence and Strategic Studies, will be resident in
        51 words
      • Article
        Lock icon Karen Tan appointed new WTO rep
        37 13 THE government has appointed Karen Tan as Singapore's Permanent Representative to the World Trade Organisation in Geneva, from Sept 9. Benjamin Jeyaraj William has been appointed Ambassador to Laos, from Octl.
        37 words
      • Article
        Lock icon Firstoffice wins bid for Anson Road site
        59 13 THE Urban Redevelopment Authority yesterday awarded the tender for the commercial site at Anson Road to Firstoffice Pte Ltd, which submitted the highest bid. The land parcel, which has a permissible gross floor area of 23,418 square metres, was offered for sale on
        59 words
      • Article
        Lock icon Singapore Polytechnic to get new principal
        36 13 TAN Hang Cheong, deputy principal (academic planning) at Ngee Ann Polytechnic, will take over as principal of Singapore Polytechnic from Sept 1. He succeeds the current principal, Low Wong Fook.
        36 words
    • Article, Illustration
      Lock icon Three dramatic winning designs selected for National Arts Gallery
      329 13 THE National Arts Gallery earmarked to be Singapore's iconic visual arts institution when completed by 2012 could look like anything from a European street to a traditional kelong, if the three winning designs announced yesterday are anything to go by. City
      329 words
    • Article
      Lock icon Sfpore-lndon cooperation up a few notches
      235 13 S fpore-lndon cooperation up a few notches ECONOMIC cooperation between Singapore and Indonesia has taken several steps forward, going by the outcome of the sth Joint Steering Committee meeting in Bali yesterday. Ministers from the two countries met to discuss economic cooperation in Batam, Bintan and Karimun (BBK), continuing a
      235 words
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      323 13 I "I instantly put... j U*****,000.00 into my bank account that I I would never have..." q I With The Amazing Power To Make Others Say 'YES!' To You Every Time! aetßowiand IiimWiimiLIWJIJIWJI CONTENT-RICH FREE WORKSHOP Wendyßobbins with Powerful Information ■^U iiQtin nnn nnn (in Joel's unconventional tactics: From how
      323 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Global credit crunch almost over: Mobius
      405 14 Bloomb- erg Fund manager says markets may soar to new heights barring unforeseen events [NEW YORK] The global economy is "very healthy" and the credit crunch stemming from the United States mortgage losses has "almost passed", said Mark Mobius, who oversees US$3O billion at
      Bloomb-; erg; FILE PHOTO  -  405 words
    • Article
      Lock icon Japan to try to stem sharp yen movements: new finance chief
      248 14 Bloomberg [TOKYO] Japan will try to limit sharp movements in the yen because fluctuations may hamper economic growth in the world's second-largest economy, Finance Minister Fukushiro Nukaga said. "We must make efforts to avoid drastic changes of foreign exchange
      – Bloomberg  -  248 words
    • Article
      Lock icon Inflation: China to take more steps if needed
      472 14 -Rev- ters Food prices mainly responsible; few signs of relief soon [BEIJING] China's central bank is paying close attention to changes in prices and will take further tightening steps if necessary to keep them in check, deputy central bank governor Su Ning
      -Rev; ters  -  472 words
  • Page 14 Advertisements
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      125 14 I jf \ovi hairing advertistmtnts on top oftkt breaking ntws.' "Nor *n«. just want I ffic /flttsr ntws update m r-m I Breaking News I Mffl K^^M f^H *W^M^ I HK, Taiwan, Spore top in AlI A Asian living standards -BTO[Bmin(s)ago] I fr a d thno?p 9edii nrian nU P
      125 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Ex-army general new Indon home minister
      360 15  -  LAUREL TEO V-P Jusuf Kalla Mardiyanto, C Java governor, replaces Moh Ma'ruf who has been ill since March By in Jakarta over others reported to be in the running for the home affairs post, such as outgoing Jakarta Governor Sutiyoso and National Defence Commission
      360 words
    • Article, Illustration
      Lock icon Maybank Q4 earnings beat forecasts
      457 15 Reuters Results boosted by growth in net interest, insurance and credit card income [KUALA LUMPUR] Malaysia's biggest listed company, Malayan Banking reported a better-than-expected rise in fourth-quarter profit yesterday, helped by growth in net interest, insurance and credit card income. Maybank expects to record better
      ■ Reuters; BLOOMBERG  -  457 words
    • Article
      Lock icon Sime Darby pre-tax profit crosses RM2b for the first time
      357 15 Bernama [KUALA LUMPUR] Sime Darby Bhd has registered a record pre-tax profit of RM2.085 biUion (Ss9o9 million) for the financial year ended June 30, 2007, as against RM1.634 billion in the previous year. Announcing its unaudited results, the company said
      ■ Bernama  -  357 words
    • Article
      Lock icon PPB plans to push for bigger stake in Wilmar
      295 15 [KUALA LUMPUR] Diversified PPB Group Bhd, which has RM745 million (***** million) in cash as at June 30, plans to increase its 18.2 per cent stake in Singa-pore-listed Wilmar International Ltd, Malaysia's Business Times reported yesterday. "We intend to buy more
      295 words
  • Page 15 Advertisements
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      487 15 I JAPAN BWfiWßl^l Jfl Japan One of the world's largest economic giant A is rebuilding for growth. "Own" the results. From 30 August 2007 onwards, you can potentially achieve results with Lyxor ETF Japan (TOPIX®) and benefit from Japan's rebuilding for growth. Control buy and sell Japanese companies with live
      487 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing makes its biggest bond sale
      438 16 Bloomberg Central bank buys 600b yuan worth of debt to be released slowly in market [BEIJING] China sold 600 billion yuan (Ssl2o billion) of bonds to the central bank in the nation's biggest debt sale, providing funds for a state agency that will invest
      Bloomberg  -  438 words
    • Article, Illustration
      Lock icon Virtual cops to keep surfers from illegal content
      369 16 -AP [BEIJING] Police in China's capital said they will start patrolling the Web using animated beat officers that pop up on a user's browser and walk, bike or drive across the screen warning them to stay away from illegal Internet content. Starting
      -AP; AP  -  369 words
    • Article
      Lock icon PCCW first-half earnings rise 3%
      159 16 Bloomberg [HONG KONG] PCCW Ltd, Hong Kong's largest phone company, said first-half profit climbed 3 per cent on higher sales at its pay-television and mobile-phone businesses. Net income rose to HK$B22 million (*****.6 million), or 11.96 HK cents a share, from HK$796 million, or 11.79
      ■ Bloomberg  -  159 words
    • Article
      Lock icon Blasts in IT hub Hyderabad leave investors wary
      481 16 Reuters [HYDERABAD, India] Two bombings within three months that killed dozens in India's prominent IT city of Hyderabad have set off alarm bells for many companies who worry investor sentiment could start to sour. Last week, two bombs ripped through an amusement
      – Reuters  -  481 words
    • Article
      Lock icon China likely to keep cool on US-India nuke deal
      421 16 Rev- ters [BEIJING] India's nuclear deal with the United States, already dogged by opposition at home, has provoked alarm in neighbouring China, but experts expect Beijing to swallow its complaints rather than risk a face-off with New Delhi. The pact between
      Rev-; ters  -  421 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      156 16 fIP PlTeochew Porridge CfiSl Buffet Dinner *JU*J $9.80 from s:oopm to 11:00pm daily Ala-Carte Semi-Buffet Lunch (Mon-Fri except Public Holidays) Call 6381 2138 Hotel Windsor 401, MacPherson Road, Singapore *****5 (Owned by Ho Bee Developments Pte Ltd) Price subject to 10% service charge and the relevant government taxes. RBSI M
      156 words
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      Lock icon Page 16 Advertisements Column 2
      55 16 SAVOURING THE BEST OF ASIA Savour a delectable array of gastronomic delights from the culinary capitols of Asia. Priced from $29++ (adult), $17++ (child) For reservations, please call 6290 8218. PLAZA PARKROYAL ON BEACH ROAD 7500 Beach Road Singapore *****1 Tel: 6298 0011 Fax: 6292 4559 Email: fb@br.parkroyalhotcls.com MANAGED BY
      55 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Kingdom Hotel to raise USsloom for expansion in Asia
      292 17 Bloomberg [DUBAI] Kingdom Hotel Investments, the lodging chain backed by Saudi Prince Alwaleed bin Talal, plans to raise US$lOO million to help bolster its presence in Asia. The cash will be used to buy hotels and refinance existing properties in Asia,
      – Bloomberg  -  292 words
    • Article
      Lock icon Bin Laden-linked group buying land to build cities
      497 17 Reuters Middle East Development is snapping up tracts in Yemen, Djibouti and planning project in China [SINGAPORE] Real estate firm Middle East Development LLC is securing massive tracts of land in Yemen, Djibouti and Syria to build whole cities from scratch. The
      ■ Reuters  -  497 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7665 17 UNIT TRUSTS FUNDS ■imai:um-M ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1. 044j Star Europe Bond 1.197; Star Europe Bal 1.231; Star Asian Tiger Eqty 1.533; Star Asia Bond 1.286; Star Asia Balanced 1.093; Star Global Technology Fund!" 0.23; Multi St Fd 0.977; Star Asia Bond(USD) 0.845; Gib Multi
      7,665 words
  • Page 17 Advertisements
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      78 17 Allianz Global Investors one of the world's largest asset managers with more Allianz (Si) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors w company regn. no *****7169Z II GAIN FROM OUR PERSPECTIVE iflL. jl MEET DR MOBIUS JMFj jQ^ Tell us about your "Best Investment
      78 words
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  • WORLD
    • Article, Illustration
      Lock icon Credit card firms may take hit if US economy dips
      550 18 Reuters More borrowers may default on payments should jobless rates rise [NEW YORK] US credit card companies may have sidestepped the problems plaguing the mortgage industry so far, but they're likely to face higher losses if the economy dips into
      – Reuters; AFP  -  550 words
    • Article
      Lock icon BURSA MALAYSIA
      2402 18 lug 29 RM C000) \&M Realty 0.73 \bricBhd 0.29 \dvance Synergy 0.34 \dventa Bhd 1.43 \eMulti Hldgs 0.30 \ffin Holdings 2.54 \hmad Zaki Resou 4.02 Me Corp 0.54 Mrasia Bhd 1.84 \kn Messaging Te 0.21 \kn Technology 0.82 Muminium Co 1.28 Amalgamated Ind 0.55 \minvestment Grp 3.58 \mmb
      2,402 words
    • Article, Illustration
      Lock icon US sub-prime crisis may worsen: Nobel laureate
      439 18 Bloomberg [KUALA LUMPUR] The US sub-prime mortgage crisis will probably "get worse" as banks tighten lending rules and borrowing rates increase, Nobel laureate Joseph Stiglitz said. The sub-prime fallout has roiled global markets as investors dumped riskier assets and lenders tightened credit. US
      Bloomberg; BLOOMBERG  -  439 words
    • Article
      Lock icon EU okays Flextronics' Solectron deal
      284 18 AP Acquisition poses no competition concerns: regulators [BRUSSELS] European Union (EU) anti-trust regulators yesterday approved the acquisition of US-based Solectron Corp by Singapore's Flextronics International Ltd, saying the 2.6 billion euro (555.4 billion) deal did not pose any competition concerns. The European Commission said the
      AP  -  284 words
    • Article
      Lock icon Barclays to stick with ABN bid despite gap: source
      525 18 Reuters [LONDON] British bank Barclays has no plans to walk away from the battle for ABN Amro despite a growing gap between its bid and a competing offer, sources close to the matter said yesterday. After a 14 per cent drop
      – Reuters  -  525 words
    • Article
      Lock icon Ex-Goldman Sachs bond analyst pleads guilty
      155 18 Reuters [NEW YORK] A former Goldman Sachs Group Inc bond analyst pleaded guilty on Tuesday to helping lead a far-flung insider trading scheme involving tips about pending mergers and stolen copies of BusinessWeek magazine that netted more than US$6.7 million in illicit gains. Eugene
      Reuters  -  155 words
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      3394 19 EXCHANGE EXCHANGE SINGAPORE EXCHANGE LIMITED SINGAPORE EXCHANGE LIMITED Company Registration Number: *****4940 D Company Registration Number: *****4940 D (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING N°™E OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting
      3,394 words
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  • AVIATION
    • Article, Illustration
      Lock icon Acid test for UK's runway plans
      871 20 Reuters Heathrow airport expansion drive clashes with global warming concerns [LONDON] With London airports bursting at the seams, Britain faces a fight to build new runways as surging air traffic stokes concerns about climate change across Europe. What looms is an acid test for
      Reuters; REUTERS  -  871 words
    • Article
      Lock icon Vatican launches budget airline to ferry pilgrims
      524 20 [PARIS] It already has its own postal service, its own bank and even its own Internet domain. The Vatican has now inaugurated its latest venture: a low-cost charter airline to ferry thousands of Catholic pilgrims from Italy to popular religious sites around the
      524 words
    • Article
      Lock icon India asks top plane makers to bid for US$l Ob Air Force deal
      329 20 [WASHINGTON] The Indian government has invited six aircraft manufacturers including Boeing and Lockheed Martin to bid on a combat plane contract worth up to US$lO billion. Among the selected aircraft for the highly coveted competition include Russia's
      329 words
    • Article
      Lock icon Air China's H1 profit more than triples to 1.6b yuan
      237 20 -AP [SHANGHAI] Chinese carrier Air China yesterday reported that its first half net profit more than tripled from a year earlier, boosted by strong passenger demand and the rising value of the yuan. Net profit for the six months ending
      -AP  -  237 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2339 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
      2,339 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      290 20 CRYPTIC CROSSWORD ACROSS may do to get new owner 7 Versatile worker who survives in the main? (7) mmi MM MM mm MM hh 8 Affair in which the woman __HB__^H__^H__H^^^JB___HH__BH__ moderate (8) 13 Fuss excessively when enter14 Find this way out while oth- <——> ers go to blazesl (4,6)
      290 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Singamas sees H2 margins holding steady
      427 21 ters -Rev- No sign of slowdown in international trade, very strong Europe demand: CEO [HONG KONG] The world's No 2 shipping container maker, Singamas Container Holdings Ltd, expects galloping world trade to boost its output to a record in 2007 and aims to keep
      ters; -Rev; FILE PHOTO  -  427 words
    • Article
      Lock icon Mayhill to build transit terminal at Sabang port
      209 21  -  Bernama ;SABANG, Indonesia) PT Mayhill International Frading and Service will invest US$5OO million in the Sabang port and free trade area on Well Island to build a transit terminal, to speed up the development of the area. The project was laid iown
      209 words
    • Article
      Lock icon Ships stuck outside ports due to strike
      221 21 -Re- uters [BRUSSELS] Thirty container ships were stuck outside the Belgian ports of Antwerp and Ghent on Tuesday morning as pilots continued a partial strike, the port of Antwerp's chief pilot said. "At the moment, we have 26 waiting for Antwerp and four
      -Re; uters  -  221 words
    • Article
      Lock icon XL to host world shippers' forum
      119 21  -  Xinhua [KUALA LUMPUR] Malaysia will host the World Shippers' Conference next month to discuss challenges and solutions on global logistics and goods transportation. The event, which is scheduled to take place here on Sept 18, will focus on the latest global logistics issues affecting
      119 words
    • Article, Illustration
      Lock icon Bulk carrier rates surge to record high
      345 21 Bloomb- erg [SINGAPORE] Bulk carrier hiring rates have risen to a record on expectations that shipments of iron ore and steam coal are set to rise. The Baltic Dry Index, an overall measure of commod-ity-shipping costs on different routes and ship sizes, rose
      Bloomb-; erg; FILE PHOTO  -  345 words
    • Article
      Lock icon Precious Shipping postpones bond sale
      471 21 Reuters [BANGKOK] Precious Shipping pel, Thailand's largest shipping firm, said on Tuesday it had postponed indefinitely a planned bond issue of up to US$l billion because the US sub-prime crisis had raised funding costs. But the firm did not expected the credit crisis roiling financial
      – Reuters  -  471 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 21 '000 Uig CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp Labroy Marine MTQCorp NOL Pacific Shipping Pan-United Corp Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.81 0.35 4.96 0.86 5.60 0.86 0.09 1.08
        101 words
      • Article
        Lock icon KLSE
        31 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 1.53 9.35 9.20 3.84 2.99 0.28 unch unch -0.10 unch -0.03 -0.01 76 119 351 1313 219 95
        31 words
      • Article
        Lock icon BANGKOK
        12 21 ■oo 'recious Ship Regional Cont 31.75 26.50 -0.50 -0.25 1991 1855
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doil iingamas Cont .80.60 ...4.65 -2.77 0.04 128' 2101
        11 words
      • Article
        Lock icon PHILIPPINES
        22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.50 30.50 1.70 1.42 unch -0.50 0.04 0.02 2131 1084 239 3
        22 words
      • Article
        Lock icon TAIPEI
        18 21 Evergreen Marine ....20.75 :irst Steamship 81.00 Wan Hai Lines 22.70 fang Ming Marine...21.75 -0.25 -0.50 -0.30 unch
        18 words
      • Article
        Lock icon TOKYO
        38 21 '000 :awasaki Hvy Ind ..433.00 -7.00 ***** :awasaki Kisen ....1429.00 -56.00 9527 /litsubishi Hvy 687.00 -19.00 ***** /litsui Eng&Sbldg...573.00 -14.00 ***** /litsuiOsk Lines ...1623.00 -29.00 ***** lippon Express 591.00 -17.00 2677 lipponYusen 1106.00 -17.00 5373 nurrei' Pojrferc
        38 words
  • Page 21 Advertisements
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      416 21 3rd annual f SCM [^If^ II Logistics World 2007 17- 20 September 2007 Only platform in Asia Suntec City Convention Centre, Singapore Source evaluate exhibiting companies to suit your organisation needs 3 weeks away from Asia's leading supply Ever popular on floor S6minar Chain logistiCS Conference! Tune in to real
      416 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Japan's reactive foreign policy
      500 22 JAPAN'S diplomatic policy under Prime Minister Shinzo Abe seems to be both reactive and somewhat confused. It suggests opportunism rather than vision and that Japan truly believes in the axiom that nations do not have friends, only interests. The latest example of this "shuttle diplomacy" was
      500 words
    • Article, Illustration
      Lock icon Avoiding the fault lines of nuclear power
      909 22  -  ANTHONY ROWLEY Was it wise for Japan to build the world's biggest plant on an earthquake prone region? I SPENT part of a day this week scrambling around in the bowels of a nuclear power station deep below sea level off the coast
      AP  -  909 words
    • Article, Illustration
      Lock icon Sub-prime culprit: irrational excuberance
      749 22  -  ROBERT SAMUELSON J. The Washington Post Writers Group THE BOTTOM LINE [WASHINGTON] We are now in the "blame phase" of the economic cycle. As the US housing slump deepens and financial markets swing erratically, Americans have embarked on the usual search for culprits. Who got us
      J. — ' — The Washington Post Writers; Group  -  749 words
    • Article, Illustration
      Lock icon Australia may hold the key to India's nuclear energy needs
      1222 23  - Australia may hold the key to India 's nuclear energy needs MALMINDER SINGH But New Delhi must be prepared to pay the price of supply which could be jeopardised if Labor comes to power soon 3y THE Indo-US civilian nuclear negotiations have, quite naturally, been hogging the front page of
      AP  -  1,222 words
    • Article, Illustration
      Lock icon London will feel pain of credit crunch
      815 23  -  MATTHEW LYNN City is vulnerable as its lead as world financial centre has been built on credit derivatives, hedge funds and buyout firms By The credit crunch may well have been hyped. The global economy looks to be in decent shape, and the
      AP  -  815 words
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  • Page 23 Advertisements
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      239 23 /^^t\ CHERIE HEARTS GROUP INTERNATIONAL Singapore -Vietnam -Australia Hong Kong Malaysia Touching Hearts. Moulding Lives. Specialising in Early Childhood Services. 30 centres island wide and centres in Vietnam, Hong Kong and Australia, with expansion plans into China and Malaysia. Cherie Hearts aims to be an international household name, synonymous the
      239 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8359 24 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 3.5 2 5716 1st Software 22 6 3148 STelecom 34 17.5 5834 A-Sonic 103 98 6389 ABF SG Bond ETF 53 22 1500
      8,359 words
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      Lock icon SGX XTRANET
      80 24 Wk Tel Low Code Last Sale Vol COOP) lay Low Bui _ast Quote Div yer Seller C'vr Net P/E /ICai Hii Comi >an' Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170
      80 words
    • Article
      Lock icon SGX SESDAQ
      2124 24 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo] Day Last Quote |h Low Buyer Seller Div GrYld Net MCa| C'vr P/E $mi Comi >an< Hii 30 13 1181 AAGrp 41.5 18 5000 ABR Hldgs 61 14.1 2319 Adampak 64.5 23 8515 Advanced Hldgs 16.5 1 1501 Advanced
      2,124 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 24 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum
      255 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Aug 28 World Index Preliminary 1113.2 -1.3 1.1 -0.9 2.4 -1.3 3.0 EAFE Prel liminan 1106.3 -1.3 -0.1 -0.8 2.4 -1.2 3.0 Euri Preliminary 1499.8
      373 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 25 As at 9am Hug 29 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2280 1.2430 Can dollar 1.4270 1.4440 Euro 2.0620 2.0860 NZ dollar 1.0500 1.0720 jterlin iund 3.0370 3.0710 US dollar 1.5190 1.5360 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon INTERBANK RATES
      166 25 Aug 29 JS^ Otter Overnight 1 5/8 1 -month 2 5/8 2-months 2 11/16 3-months 2 3/4 Overnight mode: 2 1/8 US$ Offer 1 1/2 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 5.50
      166 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Aug 29 ten Hii Sett STI SIMSCI Aui 410.4 411.3 411 Taiwan Aug 329.9 333.7 333.2 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 25 Aug29 Bid Offer 1-month 1.5214 1.5229 2-months 1.5176 1.5192 3-months 1.5146 1.5161 6-months 1.5062 1.5079 Source: OCBC
      20 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 25 Aug 29 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2380 1.2398 0.8118 0.8123 Canadian dollar 1.4319 1.4335 0.9390 0.9392 Euro 2.0734 2.0755 1.3596 1.3598 NZ dollar 1.0596 1.0620 0.6948 0.6958 jterlim ind 3.0547 3.0576 2.0031 2.0033
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      348 25 Aug29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO7 DecO7 MarO8 JunO8 94.640 95.165 95.425 95.480 0 0 0 0 8776 ***** ***** 7115 EUROYEN FUTURES SepO7 99.185 99.185 DecO7 99.155 99.155 MarO8 99.110 99.115 JunO8 99.045 99.080 SepO8 99.020 99.030 DecO8 98.955 98.955 MarO9 98.870
      348 words
    • Article
      Lock icon SICOM FUTURES
      275 25 Aug29 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Sep 07 Oct 07 NOV07 Dec 07 Jan/Mar 08 Apr/Jun 08 321.50 320.00 319.50 318.75 318.25 320.50 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
      275 words
    • Article
      Lock icon CHICAGO BOT
      97 25 Aug2B (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep07 855.25 856.50 860.00 848.50 Nov07 872.25 872.75 876.00 864.50 Jan 08 888.00 888.25 891.50 880.00 Mar 08 897.50 899.00 901.50 890.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep07 36.05 36.18 36.20 35.87 Oct07 36.30 36.40 36.45
      97 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Aug2B CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.57 1.07 WTI (Near Mth) 71.84 -0.22 Dubai (1-Mth F) 67.85 0.58 Tapis blend 76 0.4 Minas 73.1 0.4 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 72.25 84.20 0.25 0.55 US$/barrel Opec Oil Basket
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      451 25 Aug29 iuro ren (on 'eso lam ■ouni Australia 0.865 6.132 0.597 6.334 33.473 76.548 0.929 7.650 2.842 1.168 49.389 38.034 1.239 5.926 0.976 26.848 27.878 0.405 0.812 Canada 1.156 7.091 0.691 7.325 38.710 88.524 1.075 8.846 3.286 1.351 57.116 43.985 1.433 6.853 1.129 31.049 32.239 0.469 0.939
      451 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      85 25 Aug 29 I i ncHJun i dill:} code Bid Hii Low 3-Month BQ*****T 29.11.07 1-Year BY*****V 30.04.08 2.32 2.31 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N*****0Z 2.375 5-Year N*****0A 2.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****N 3.250
      85 words
    • Article
      Lock icon SIBOR
      76 25 Aug 29 1 mth 2 mths 5.***** 2.***** 6 mths 2.***** 9 mths 3.***** 12 mths 3.***** 5.***** 2.***** 3 mths 5.***** 2.***** 6 mths 9 mths 12 mths 5.***** 5.***** 5.***** 2.***** 2.***** 2.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs
      76 words
    • Article
      Lock icon PALM OIL
      61 25 Aug 29 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position Sep 07 2475 2463 2475 2446 825 3207 Oct 07 2432 2406 2432 2394 2715 *****3 Nov07 2395 2378 2402 2368 4860 ***** Dec 07 2375 2365 2375 2354 1103 8473 Total
      61 words
    • Article
      Lock icon PRECIOUS METALS
      136 25 Aug 29 GOLD (USS/oz) Aug 29 Aug 28 Hong Kong London 662.60 665.30 663.60 666.30 Aug 28 Aug 24 662.40 661.70 663.00 662.20 Source: Reuters CAST BAR (S$) Aug 29 Buying Sellini Kilobar "35,000.77" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 1/OOgm 1
      136 words
    • Article
      Lock icon LONDON METALS
      70 25 Aug 21 Aluminium, 99.7% purity (USS/tonne) Close Previoui Cash 2466.20 2510.50 3 months 2526.00 2568.00 Copper, Grade A (USS/tonne) Cash 3 months 7354.00 7275.00 7403.00 7315.00 Lead (USS/tonne) Cash 3254.00 3 months 3175.00 3316.00 3240.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
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      Lock icon LIFFE
      80 25 Aug 28 LUl.UA (Otonne) Close Prev Hii ih/Low SepO7 915 921 Dec 07 938 948 Mar 08 956 966 May 08 967 977 920/908 947/931 964/948 975/960 COFFEE (US$/tonne) Close Pev High/Low SepO7 1657 1668 1667/1647 Nov07 1706 unch 1715/1687 Jan 08 1710 1715 1717/1698 Mar 08 1716 1722
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      Lock icon BONDS & WARRANTS
      2862 25 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 2058 AdvanceModulesGrpW*****3 7.5 10 1 17 63 2.00 60 1674 Allgreen RB ECW*****0 3 -2.5 80 2835 Allgreen RBeCW*****6 5.5 -1 100 1 188 0.5 218 2 9 ArianeCorp
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      2879 26 The Business Times Shipping Times ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■I m h__^~hjh frS)Ei'wTTJij'Siik^ss!ii3w?Miill M L^i—^ jßalßia_M3i_ii_l L^A&^AESLg^A^H^^^^^L^J^H ___r UK CONTINENT SERVICE U.S.A SERVICE VlMlli Destination Destination DURUMATA RTM/ATW/UK STXPOTBN CAM/NFK/SAV/NOL »4#aiii-hiii«. wniiin nrrki WALLENIUS WILHELMSEN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia LOGISTICS MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination I I Destination I
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      4165 27 WAN HAI INTERNATIONAL PTE LTD crNO: N*****0000/rI I f vr-\\, »k _rY" www wnnhni mm <„ JKTTEL:(O2I)S2S4ISSFAX:<O2I)S2S47BBPIMTEL:7I63BO/*****1 FAX:*****9 I™ SI JMH£ EHj IM!M!MIW! MiI I\ IV/fI! U U M! fi 'M ;T7M -MTffll^rlßfflfllWßSll ll__Uji__aMiiM{MiiiJaiii!tfaHliiiii^^ also accepting to all northern and western icd points BE"'""' TT 'ilm'T it, illi m TfF
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      4660 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • BizIT
    • Article, Illustration
      Lock icon Nokia unveils its Internet services brand
      985 29 'hone maker will use Ovi to offer a slew of online services, writes AMIT ROY CHOUDHURY oving a step further to transforming itself into an Internet company, handphone maker Nokia yesterday introduced Ovi, the company's new Internet services brand name. The Singapore announcement came
      985 words
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      Lock icon Citrix goes for double-digit growth in Asean
      382 29  -  ROLAND LIM 48% revenue jump in 2006 outpaces the firm's overall growth By HAVING grown its business by almost 50 per cent last year, virtualisation specialist Citrix Systems is betting on achieving "double-digit" growth in Asean this year. Yaj Malik, area vicepresident of
      382 words
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      Lock icon Spore posts 13% rise in H1 handset sales
      447 29  -  WINSTON CHAI By TECH-SAVVY Singaporeans continue to snap up the latest camera-equipped handsets but, in a surprisingly twist, a new research report shows that sales of low-end monochrome phones are also on the increase. According to a recent survey by market research
      AP  -  447 words
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      Lock icon Data leakage a security threat far 6 in 10 firms
      950 29 SIXTY per cent of companies in a recent security survey experienced a loss of confidential data in 2006 alone. Thirty per cent of them believed that a major breach could put them out of business. These numbers should keep some
      950 words
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      Lock icon Blazing a trail of IT innovation
      443 30  -  WINSTON CHAI Local authorities have been defying critics in recent years, reports INNOVATION has been the driving mantra for businesses today but the term is not one you would readily associate with government organisations. The staid image of public sector agencies and their rigid
      443 words
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      Lock icon Juggling regulation and innovation
      672 30 ASPIRING business owners often cite regulation as a stumbling block to putting their ideas into action. While this could be the case in the past, local authorities have been embracing both legislative and structural changes in recent years to spur greater innovation and entrepreneurship among Singaporeans.
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      Lock icon Keeping the innovation highway moving
      1181 30 THE CIO (chief information officer) is a job title that was created in recognition of the importance of technology systems to the workings of modern-day organisations. However, in the Land Transport Authority of Singapore (LTA), the acronym has taken on a slightly different spin. As
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      Lock icon Starting 'anew' from the old
      963 30 TO encourage innovation in the public sector, regional governments sometimes turn to older systems and technologies in a bid to develop new processes and services. As public sector lead executive for IBM global business services in Asean and South Asia, Krishna Giri can attest to
      963 words
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  • PROPERT
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      Lock icon California househunters sit on fence despite price dive
      631 31 Reuters Fear of prices falling further is keeping them out of the residential market [LOS ANGELES] For some prospective home buyers in Southern California, the effect of the US mortgage crisis has been to keep them on the sidelines of the home
      ■ Reuters; BLOOMBERG  -  631 words
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      Lock icon Philippines' Ayala Land to raise capital, issue preferred shares
      233 31 -Re- uters Move will allow more foreigners to buy into the firm [MANILA] Ayala Land Inc, the Philippines' top property developer, said yesterday that its stockholders approved a plan to raise capital and issue 1.5 billion pesos (Ss49 million) worth of
      -Re; uters; AFP  -  233 words
    • Article
      Lock icon US developer ProLogis to invest 450b yen in Japan
      316 32 Reuters [TOKYO] US-based industrial property developer ProLogis will invest 450 billion yen (Ss6 billion) in Japan to bring its total Japanese investment to 900 billion yen by end-2009, its Japan chief said on yesterday. The company, which started to invest in
      Reuters  -  316 words
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      Lock icon Peninsula luxury chain to open its first hotel in Japan
      317 32 Bloomberg Tokyo property will be Hongkong Shanghai Hotels' eighth Peninsula [TOKYO] Hongkong Shanghai Hotels Ltd will open the Peninsula Tokyo on Sept 1, becoming the latest international luxury chain to seek to benefit from increasing visitor numbers to Japan's capital.
      Bloomberg  -  317 words
    • Article
      Lock icon Abu Dhabi to pump 7b dirham into home, business, hotel project
      97 32 Bloomberg [DUBAI] The Abu Dhabi Municipality will develop a residential, business and hotel complex, in partnership with private investors, that will include building 88 towers at a cost of seven billion dirham (552.9 billion). The Emerald Gateway project will
      Bloomberg  -  97 words
    • Article
      Lock icon Alexandra condo site up for tender
      624 33  -  LYNETTE KHOO HDB also invites bids for sale of commercial plot at Toa Payoh Lorong 6 By THE Urban Redevelopment Authority yesterday asked for tenders for a 99-year leasehold residential plot at Alexandra Road, close to the Redhill MRT station and opposite the Metropolitan,
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      Lock icon Ascott to buy Wilkie Road serviced apts for $79m
      414 34  -  > CHEN HUIFEN Property to take on Citadines brand, will open in 2009 By THE Ascott Group has agreed to buy a 99-year leasehold serviced residence in town for $79.3 million, the company announced yesterday. The property, located at Wilkie Road,
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    • Article
      Lock icon Accor profit doubles on H1 asset sales
      359 34 Bloomberg [PARIS] Accor SA, the world's second-largest hotel company, said first-half profit more than doubled on the sale of properties and higher revenue in Europe at the Sofitel luxury chain. The Paris-based owner of Novotel and Ibis hotels said net income climbed to
      – Bloomberg  -  359 words
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      113 31 is#^-:^.:' 1-^w^^nn^pnrp/ c^S ,L|JI Prime Location Hoy Fatt Road I C=^p -^^S^ Site Area: 22,712 sqft I Built-up: 56,715 sqft f^M*- Very close to Redhill MRT Station t#oo^ Good Investment Potential with 6.25% Yield rf>^ Sale with Leaseback Option "™l"t*l'-B B Brand New High Quality Finishes Mactaggart House Mactaggart Road
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      423 31 PRIME OFFICE BUILDING I WITH REDEVELOPMENT POTENTIAL L THE GLOBE W 100 CECIL STREET jU l, Site Area: 9,080 sq ft approx J; Ul Gross Floor Area: 62,691 sq ft approx I Potential Gross Floor Area: 103,694 sq ft jf* ■'^BMmbJ Permissible Height up to 30 storeys I Less than
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      990 32 Others see standby cash. You recognise opportunity. Cashline Platinum. The Power Of Leverage. Get up to $200,000 A at only 6% per annum. With a generous credit limit of up to $200,000 A, this credit line provides you with cash to do whatever you want. Be it to invest in
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      1542 33 ~y^Jt&* Brand new and approved for foreign investment B?Bl!jn?ir!TOfi!lM Centrally located to schools, unis, shopping centres f .i-.i w.v iii 11 fl. f^£Bfe^>^ and major transport links 'A :1 Developed by Pindan Western Australia's top high density residential builder itfttK 3?^ i tsisi]jsi®^ tern" ;i"[:^ ri _j_i) -^jwjfl^jr**- ja^aa^itaaii'i^^ An
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      185 34 r~ ~i )L1 f *a WtfvM ml Be astounded by the sights, scents and sounds of Icon Village. Walk along its sandstone passages and cobblestone trails into this iconic shopping and dining enclave. Icon Milage. Now open. Eu Van Sang Hair Talk Massage Today My Foot Reflexology SMNiks tanjongpagarrd Skin
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      359 34 Service You Deserve. Professionals You Trust. 9 GOOD CLASS BUNGALOWS FOR SALE!!! ASTRID HILL Stay or rebuild! Nice elevated 17,000 sqft plot. Unblocked! BELMONT... MiIes of greenery! Quaint 17,000 sqft hillside haven! This will sell! BIN TONG.... Unabashedly beautiful! 22,000 sqft closest to Nature! Don't miss! 81NJA1.... Truly 'Balinese'l 26,000
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