The Business Times, 8 September 2007

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Microfilm: NL27785
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 THE BUSINESS TIMES SINGAPORE 85 cents •ff* A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 September 8-9,2007 online at http://business-times.asia1 .com.sg
    21 words
  • Article, Illustration
    Lock icon Malaysia banks on growth, Islamic banking
    778 1  -  S JAYASANKARAN Malaysia's Budget Company tax cut to 26% in 2008 and to 25% from 2009 Tax on a company's profit is final, dividends distributed to be tax exempted l Stamp duty exemption on mergers acquisitions of public listed companies extended to 2010 "k
    778 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 15.667 TAIWAN 5.956 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 8.25 CANADA 6.25 SWITZERLAND 4.26 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      42 1 Friday 1,304.90 lange +6.05 1COMP IIKKEI225 16,122.16 -134.84 1ANG SENG 23,982.61 -67.79 ;et index 801.46 -8.36 JAKARTA COM P 2,239.90 +19.12 IANILACOMP 3,332.97 +6.44 ;eoulcomp 1,884.90 -3.91 ;henzhen b 733.18 -6.05 IUMBAI IND 15,590.42 -25.89 11.45AM EDT Change 13,133.38 -229.97 )OW
      42 words
    • Article
      Lock icon FOREX
      39 1 IS$ (S$ ier US$) 1.525 (USS/SS per 2.018 3.078 ;URO(US$/S$/E) 1.368 2.086 'EN 115.20 75.50 3.502 2.296 IK$ 7.788 5.107 !AHT 34.36 22.53 lUPIAH 9,399 6,164 1ENMINBI 7.541 4.945 INDIAN RUPEE 40.71 26.70 1.209 0.793 IZ$ 1.447 0.949
      39 words
  • Article
    Lock icon Dow dives in morning
    109 1 [NEW YORK] The US doUar tumbled to a 15-year low and stocks plunged in late morning yesterday after a report showed US employers cut payrolls by 4,000 in August. It was the first cut in four years, stoking fears ofa recession. All three major US stock
    109 words
  • Article, Illustration
    Lock icon Tax takings swell, the million-dollar club grows
    608 1  -  MICHELLE QUAH 2,121 taxpayers earned over $lm in YA2006, up 22% from 1,738 the previous year By [SINGAPORE] The taxman's takings hit a five-year high last financial year as the ranks of the wealthy continued to grow. But the cost of tax collection
    Artwork: Jason Leong  -  608 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      30 1 *ffl^^^^ Mi i Town country Sales committee A classy taste 0jftg\ xMBl L'j.* 1 fc**I Volvo quits ofheritage i* m& 1 ILl Ji 'B^i^l PAGE 15 PAGE 2 PAGE 20
      30 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bush to send envoy to Asean, invites leaders to ranch
      742 2  -  NANDE KHIN US president's move signals regional grouping's growing importance: PM Lee By in Sydney US PRESIDENT George W Bush yesterday said that the US will be sending an ambassador to Asean, a move that signals the importance of Asean
      REUTERS  -  742 words
    • Article
      Lock icon Horizon Towers deal in limbo as sales committee quits
      465 2  -  WEE LI-EN [SINGAPORE] The majority sellers of Horizon Towers were supposed to get together last night to resolve a problem, but things ended up being possibly worse. The sales committee quit last night at the meeting held at Holiday Inn Park
      465 words
    • Article, Illustration
      Lock icon Ngiam: It's dangerous to hothouse S'pore's best
      515 2  -  MATTHEW PHAN He notes value of having different sets of mentors By [SINGAPORE] Singapore's best and brightest should be trained in a diversity of ways so that they are able to meet the world's challenges, Ngiam Tong Dow, a prominent former civil servant
      515 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Sale of Network i2i to yield SingTel Q2 gain of $72m
        63 2 SINGAPORE Telecommunications yesterday said its second-quarter results will be boosted by a $72 million gain from selling an undersea cable stake to associate Bharti Airtel. The sale of its 49.99 per cent interest in Network i2i Ltd will result
        63 words
      • Article
        Lock icon Wing Tai leads 800m yuan development in Chengdu
        56 2 A CONSORTIUM led by Wing Tai Holdings will develop an 800 million yuan (Ssl6l million)mixed development project in Chengdu, China. The consortium will own more than 60 per cent of the joint venture, which means its investment will be at least 480
        56 words
      • Article
        Lock icon Labour shortage may hurt maritime sector: minister
        53 2 THE booming Singapore economy has made staff recruiting difficult, and the maritime sector is no exception. And the crunch will, if left unchecked or inadequately addressed, hurt the industry's growth and prospects, said Minister of State for Health Heng Chee How yesterday. SINGAPORE
        53 words
      • Article
        Lock icon KL forecasts 2008 economic growth of 6-6.5%
        61 2 MALAYSIA'S economy is forecast to grow 6-6.5 per cent next year similar to or slightly better than the 6 per cent expansion anticipated this year. Growth is expected in all sectors, driven mainly by services, which is tipped to expand 9 per cent,
        61 words
      • Article
        Lock icon China's market cap outstrips economy
        65 2 CHINA'S domestic stock market valuations have ballooned with spiralling share prices to the point that they now exceed the value of the entire economy. By the end of August, total market capitalisation of the 1,504 listed companies on China's bourses topped 23 trillion yuan (554.6
        65 words
      • Article
        Lock icon Fears of India overheating ease as stocks cool
        69 2 THE US sub-prime crisis has led to a welcome tempering of investor exuberance in India, and it has also helped quell worries the economy could overheat, said former Reserve Bank of India governor Bimal Jalan. "I see the markets getting more cautious
        69 words
      • Article
        Lock icon Japan's recovery will continue: finance minister
        50 2 RECENTLY appointed Finance Minister Fukushiro Nukaga yesterday brushed aside fears that Japan's economic recovery is running out of steam, as suggested by various recent indicators. But he acknowledged the need for a shift in government policies to achieve more balanced growth. ASIA-PACIFIC/WORLD, PAGE 14
        50 words
    • Article, Illustration
      Lock icon China's rich – so near and yet so far for banks
      804 2 China's rich so near and yet so far for banks Reuters Scores of millionaires are created a day, but private bankers face constraints [SHANGHAI] China's booming economy is creating more than 70 millionaires a day, but foreign banks do not have enough products, client managers or offices to tap into
      – Reuters; REUTERS  -  804 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      205 3 iiisi itei^ikgi -j:^" 'yP^P ■^v'1'1,1," k, s iT^^f f^t' -^J i" z* f Bk/ ■-■"I'-i-S. v»-i J~ I v". +i i" j_ Picture taken on 7*h floor of ICON PI y<HJTRAMRARK NEW BRIDGE RD Open House this Saturday Sunday, 8& 9 September, lOamiZem ik s—"° Come on down to view
      205 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Agent of change
      2475 4 EDS chairman Michael Jordan tells AMIT ROY CHOUDHURY how he came out of retirement at 67 to script a remarkable turnaround at the IT firm A COUPLE of days after sitting for this interview, Michael H Jordan, the then Chairman and CEO of leading global technology services
      ARTHUR LEE  -  2,475 words
    • Article
      Lock icon Raffles
      98 4 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      98 words
    • Article
      Lock icon S'pore key to Asia growth
      338 4  -  AMIT ROY CHOUDHURY By ASIA is growing rapidly for EDS, says Michael Jordan, the company's chairman and till recently CEO. As a result, EDS is trying to organise and bring in more support staff for the region not just lower cost or software people but
      338 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel sale of Network i2i stake to yield Q2 gain of $72m
      536 5  -  SIOW LI SEN AFP SINGAPORE Telecommunications yesterday said its secondquarter results will be boosted by a $72 million gain arising from the sale of an undersea cable stake to associate Bharti Airtel, India's largest private phone company. Sing
      AFP  -  536 words
    • Article
      Lock icon SATS names Clement Woon as new president and CEO
      355 5  -  CONRAD TAN SINGAPORE Airport Terminal Services (SATS) has appointed a new president and chief executive. SATS, a subsidiary of Singapore Airlines which provides ground handling and airline catering services, said yesterday that Clement Woon Hin Yong, former president of the geosystems
      355 words
    • Article
      Lock icon Lloyd George boosts stake in Armstrong to over 5%
      273 5 FOAM and rubber components manufacturer Armstrong Industrial Corporation said yesterday that international fund group Lloyd George Investment Management has become a substantial shareholder. Armstrong, which specialises in noise and vibration reduction for the automotive and electronics industries, said Lloyd George has
      273 words
    • Article, Illustration
      Lock icon STI glitches and interest in penny stocks dominate trading this week
      537 5  -  R SIVANITHY Funds buying ahead of likely 'relief rally' after Fed meeting TWO consecutive computer glitches that caused the Straits Times Index to go awry on Wednesday and Thursday and renewed interest in equities both big and small these
      537 words
    • Article
      Lock icon More Chinese firms choose to list domestically
      442 5  -  WEE LI-EN Of 54 offshore IPOs this year, Spore got 18, four more than in previous period FAR more Chinese companies are choosing to list at home rather than offshore this year. Of the 124 initial public offerings (IPOs), 70 were in the
      442 words
    • Article, Illustration
      Lock icon Wing Tai leads 800m yuan deve opment in Chengdu
      338 7  -  UMA SHANKARI Consortium to carry out 900,000 sq ft project due for completion in 2011 adsad A CONSORTIUM led by Wing Tai Holdings will develop an 800 million yuan (*****.1 million) real estate project in Chengdu, China. Under a memorandum of
      338 words
    • Article
      Lock icon SP Chemicals to raise investment in Viet project
      535 7 Bloomberg Investment in the petrochem project to be USssb by 2024 SP Chemicals Ltd will raise its investment in a petrochemical project in southern coastal Vietnam to US$5 billion by 2024, according to Pham Ngoc Chi, chairman of the peoples' committee of
      ■ Bloomberg  -  535 words
    • Article
      Lock icon BURSA MALAYSIA
      2377 7 ;ep7 RM C000) \&M Realty 0.80 \bricBhd 0.29 \dvance Synergy 0.33 \dventa Bhd 1.47 \eMulti Hldgs 0.29 \ffin Holdings 2.63 \hmad Zaki Resou 4.52 Me Corp 0.56 Mrasia Bhd 1.92 \kn Messaging Te 0.20 \kn Technology 0.82 Muminium Co 1.28 Amalgamated Ind 0.55 \minvestment Grp 3.62 \mmb Hldgs
      2,377 words
    • COMPANY BRIEFS
      • Article
        Lock icon Avi-Tech earnings soar 75.2% to $15.5 m
        43 7 AVI-TECH Electronics said net profit rose 75.2 per cent to $15.5 million for the year to end-June. Revenue grew 92.4 per cent to $70.4 million, driven largely by the group's engineering services and equipment distribution segment.
        43 words
      • Article
        Lock icon Lung Kee H1 net profit doubles to HKsl24.2m
        51 7 LUNG Kee (Bermuda) Hldgs said its net profit for the first six months of the year doubled to HK5124.2 million (5524.3 m) from HK562.2 miUion previously. Turnover rose 26 per cent to HK$l.25 billion fuelled by strong domestic consumption in China, it
        51 words
      • Article
        Lock icon Zaobao.com named Spores top news site
        74 7 ZAOBAO.COM, the online edition of Singapore Press Holdings' Chinese flagship daily Lianhe Zaobao, has again been ranked the top news website in Singapore. Online intelligence service Hitwise ranked Zaobao.com the No 1 website in the News and Media Print category for the three months
        74 words
    • Article, Illustration
      Lock icon Massager with star stamp
      107 7 O SIM International founder and chief executive Ron Sim welcomed international celebrity Lin Chi Ling to Singapore last week to endorse its newest calves, ankles and feet massager the OSIM uSqueez. Ms Lin, who holds Asia's "Most Beautiful Legs" title, is the ideal celebrity to endorse
      107 words
    • Article, Illustration
      Lock icon Pacific to invest $1.94m in Indian heart care JV
      348 7  -  CONRAD TAN By PACIFIC Healthcare will invest almost $2 million in a cardiac care business in India through a joint venture. Pacific said yesterday that it has agreed to pay $1.94 million cash for a 15 per cent stake in Cure
      FILE PHOTO  -  348 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      397 5 Expect great surprises at /<^™^N /showroom at 601 Sims Drive, 1 LORENZO'S sssssaa/ 24th Anniversary Sale! t^Bf y^TTvi^l Enjoy our $24* jjffliffiißlWEffll Special Offers! l&yu U^£a *Terms and conditions apply. i__^ Purchase any full leather Purchase any full leather L-shaped sofa set and 3-seater sofa and get a V"-" get
      397 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      965 6  -  MATTHEW PHAN Bloomberg Ascendas India Trust Sept 7 close: 551.51 Citigroup, Sept 6 Share price Source: INITIATING with Buy Unique India Reit play. Target of 551.75. Ascendas India Trust (a-iTrust) is India's first in-come-generating Reit offering, like a business trust, exposure to income-gen-erating Indian IT/ITES assets with well-contained
      : Bloomberg  -  965 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      954 6 For week beginning Sep 3 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Cony '000 Shr ('000) ('000) C2O 6-Sep-07 APS Lifestyle Marketing PL Sell 100 na ***** 14.07 ***** 13.96 BBR Hldsg 6-Sep-07 BBR
      954 words
    • Article
      Lock icon Strong correlation
      194 6 Promptness of companies' results announcements and their financial performance NUMBER OF COMPANIES COMPANIES OF COMPANIES MEDIAN MEDIAN OF OF WITH IMPROVED WHICH ARE WITH IMPROVED IMPROVEMENT IMPROVEMENT COMPANIES COMPANIES TURNOVER PROFITABLE EARNINGS IN TURNOVER IN EARNINGS* Reporting within: 30days 3 1.5 100 100 100 6 30 30-60 days
      194 words
    • Article, Illustration
      Lock icon Bad things come from those who wait
      935 6  -  TEH HOOI LING SHOW ME THE MONEY How long a company takes to report earnings tells you a lot about its results PAGES of newspapers have a certain amount of space that needs to be filled. So on a day when there is
      935 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      216 7 IlTisteaPOVvEßß^ I fast track route to Management position. About 5,000 people have attended Trainee Executive Career seminar. Special Benefits: EVERYONE CAN JOIN* KM CV. You could be our itni ■/Earn about 3 times much more than YOUNG OLD In the miklngl you pay •No more worry of job retrenchment JU
      216 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Labour shortage may hurt maritime sector
      757 8  -  LYNETTE KHOO Minister of State proposes more training, skills upgrading By rising demand for global transport is allowing their seafaring crew to command higher wages, there also emerges an urgent need to train crews to work on board more sophisticated vessels. According to estimates
      FILE PHOTO  -  757 words
    • Article
      Lock icon Companies gain from training staff: survey
      317 8  -  VINCENT WEE By AN official survey on staff training shows that big companies are benefiting strongly from their extensive training, even though there are fewer immediate benefits for the staff members themselves. The Ministry of Manpower's Survey on Employer Supported Training 2006 shows that
      317 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7645 8 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.071/ Star Europe Bond 1.202/ Star Europe Bal 1.248/ Star Asian Tiger Eqty 1.617/ Star Asia Bond 1.291/ Star Asia Balanced 1.105/ Star Global Technology Fund!" 0.243/ Multi St Fd 0.977/ Star Asia Bond(USD) 0.845/ Gib Multi St USD
      7,645 words
    • Article, Illustration
      Lock icon S'pore, Sichuan focus on service sector tie-ups
      617 9  -  LYNETTE KHOO Workplan for 2-way trade will cover education, lifestyle, logistics, healthcare By THE services sector including industries as varied as education, food lifestyle and tourism has been named as the future driver for cooperation between Singapore and the Chinese province of Sichuan.
      617 words
    • Article
      Lock icon Air Bagan begins regular Yangon-Changi flights
      279 9  -  OH BOON PING By CHANGI Airport has added Air Bagan to its network of carriers, after the airline from Myanmar made its maiden flight from Yangon to Singapore yesterday. The aircraft touched down at 3.30 pm with 224 passengers. They were welcomed by senior
      279 words
    • Article
      Lock icon Universal Terminal will be ready by Q1 2008
      491 9 Reuters SINGAPORE'S US$455 million Universal Terminal, Asia's largest commercial oil storage facility, is set to start operations by the first quarter of 2008, said Evan Lim, executive director of Hin Leong, majority shareholder of the project. The 2.3 million cubic metres (cv
      Reuters  -  491 words
    • Article
      Lock icon Law Society to run free legal clinics 4 times a week
      254 9 SINGAPORE citizens and permanent residents who need legal services but cannot afford them will be able to get a helping hand through the Law Society's newly established Pro Bono Services Office. The office, set up last month, coordinates and
      254 words
    • Article, Illustration
      Lock icon Ole, Barcelona!
      811 9 A BT-FRASERS CENTREPOINT MALLS JOINT PROMOTION IN THE coming weeks, we are bringing you to Robertson Walk for The Business Times Bonus Issue promotion. Located along the bank of Singapore River, Robertson Walk is just a stone's throw away from the Muhammad Sultan district. We promise to whet
      811 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      31 8 Allianz Global Investors one of the world's largest asset managers with more Allianz (jli) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      1211 9 ORIENT LLOYD PTE LTD I IN THE MATTER OF Co Reg No: *****0046R IN THE MATTER OF THE COMPANIES ACT, CAP 50 (IN MEMBERS' VOLUNTARY COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WINDING-UP) c B c C0 MPANY MOBILE SOLUTIONS AND PAYMENT SERVICES PTE LTD NOT l CE
      1,211 words
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  • MALAYSIA
    • Article
      Lock icon Malaysia forecasts 6-6.5% economic growth next year
      571 10  -  PAULINE NG But PM warns M'sia can't rely anymore on low-cost labour, capital-led growth By MALAYSIA'S economy is forecast to grow 6-6.5 per cent next year similar to or slightly better than the 6 per cent expansion anticipated this year. Growth is expected
      571 words
    • Article, Illustration
      Lock icon First Malaysian banknotes may reap £30,000 at Spink sale
      231 10 Bloomberg [HONG KONG] The first banknotes of Malaysia, a country that imposed currency controls in the 1997-1998 Asian financial crisis, may fetch as much as £30,000 (5592,600) at a London sale next month, said auctioneer Spink. The lot comprises two albums.
      Bloomberg; BLOOMBERG  -  231 words
    • Article
      Lock icon SGX MAINBOARD
      8545 10 52-wks Tel ligh Low Code Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap Smil Company 3.5 2 5716 1st Software 22 6.5 3148 STelecom 34 17.5 5834 A-Sonic 103 98 6389 ABF SG Bond ETF 30 15.5
      8,545 words
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  • INDONESIA
    • Article
      Lock icon Indonesian, Chinese officials discuss product safety
      586 11 -AP Beijing talks follow ban by both sides on each other's food and other products [BEIJING] Chinese and Indonesian safety officials met to discuss product safety in an effort to curb rising trade tensions over the quality of their exports, the two governments said
      -AP  -  586 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        65 11 VOLUME VALUE (S) Centi Ilion 281,438,000 DBS Gri 168,143,558 Ban Joo 164,602,000 UOB 124,338,100 Jade Tech 96, ,467,000 Sin. iTel 95,851,940 Gen Intl 86,714,000 Kei I Con 80,673,101 Global Ariel 84,567,000 Cai litaLand 61,579,461 Alantac 81,996,000 Gen Intl 56,427,255 LottVis 74,031,000 SGX 56,136,700 Lian. Huat 67,967,000 OCBC
        65 words
      • Article
        Lock icon RISES
        100 11 CLOSE UP CLOSE UP GLD 10US$ 6880 167.7 1.6 SIASGAeCW*****7 11.5 76.9 5.0 CoscoCori MEReCW***** 240 45.0 23.1 UOB SGA eCW*****4 71.4 2.5 CoscoCori :NPeCW***** 128 40.0 45. CoscoCori NPeCW***** 128 45.5 40.0 SIA 10 1920 40.0 2.1 UOB BNPeCW*****2 42.9 1.5 SIA 200 1920 40.0 2.1 AdvModules 17
        100 words
      • Article
        Lock icon FALLS
        117 11 CLOSE DOWN CLOSE DOWN JMH 2760-122.0 -2.8 Gen Int DBSeCW*****6 1.5 -84.2 -8.0 Jardine C&C 1650 -80.0 -4.6 BOCRBeCW*****5 0.5 -80.0 -2.0 Asia Pac Brew 1340 -20.0 -1.5 UOB MBLeCW*****1 3.5 -53.3 -4.0 CCCCRB eCW*****5 310 -18.0 -5.5 Ca iitalandDBeCW***** 0.5 -50.0 -0.5 Shani riLa Asia 1980 -13.7 -3.4
        117 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        87 11 114 3 0 0 0 114 3 Multi Ind Manui facturim 114 48 53 27 11 141 56 Commerce 47 14 15 11 58 21 18 Tpt/Stor/Comms 28 10 30 10 Finance 17 17 Construction 11 17 Pro 23 24 lotels/Rsts Services 38 12 21 19 10
        87 words
      • Article
        Lock icon SECURITIES TRADING TURNOVER
        122 11 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 27,696 27,696 134,375 134,375 Manufacturing 674,336 491,484 1,165,820 320,869 132,831 453,700 Commerce 370,996 17,486 388,482 179,429 6,724 186,152 )t/Stor/Comms 132,259 4,770 137,029 305,983 4,883 310,865 Finance 34,948 80 35,028 415,955 19 415,974 Construction 200,782 58,889 259,671 86,175 14,055 100,231
        122 words
      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        219 11 Allgreen 0.50 1.700 Ascendasreit 0.89 2.500 +0.080 CapitaComm 0.53 2.630 +0.110 Capita Land 4.83 7.550 +0.050 Capita Mall 0.92 3.540 +0.100 Chart SemiCond 0.55 1.050 -0.010 CityDev 2.83 15.000 +0.100 ComfortDelGro 1.34 1.940 -0.020 Cosco Corp 1.75 5.400 Creative Tech 0.15 6.050 +0.150 DBS Grp 8.94
        219 words
      • Article
        Lock icon BONDS & WARRANTS
        2944 11 BONDS WARRANTS Tel Code Com| Last Sale +orVol Conv Exer COOP) Ratio Price Disc Gear- Mths ing Left >air 3779 ASL Marine Hldgs W*****1 98 2058 Advance Modules GrpW*****3 6 8756 Asiatic Grp (H) Ltd W*****2 11 2872 AusGroup RB ECW*****7 16 2853 AusGrpMBLeCW*****0 12.5 9604 BOC RB ECW*****5 0.5
        2,944 words
      • Article
        Lock icon SGX SESDAQ
        2394 11 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
        2,394 words
      • Article
        Lock icon SGX XTRANET
        71 11 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil Comi >am Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 *****
        71 words
      • Article
        Lock icon CLOB INTERNATIONAL
        74 11 52-Wk Tel High Low Code Last Sale Vol Cooo] Day |h Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Corn] >am Hii 141 105 6000 AVJennings 21.5 3 6134 Over&Gen 64 15.9 6017 StarCruises 320 175 6019 TanChonglnt A127cd A12 IS41.5 IIK237.5 +1 -2.5
        74 words
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  • GREATER CHINA
    • Article
      Lock icon Rules proposed for supervising listed firms
      396 12 Reuters Beijing addresses two big problems: worries over poor governance, lack of govt cooperation [SHANGHAI] China has drafted its first set of comprehensive rules on supervising listed firms and is seeking public comment as Beijing aims to build a healthier stock market and pave
      Reuters  -  396 words
    • Article, Illustration
      Lock icon China's market cap outstrips economy
      217 12 AFP [BEIJING] China's domestic stock market valuations have ballooned with spiralling share prices to the point that they now exceed the value of the entire economy, state media said yesterday. By the end of August, total market capitalisation of the 1,504 listed companies on China's
      AFP  -  217 words
    • Article
      Lock icon 'Bumpy road1 for capital market
      353 12 'Bumpy road 1 for capital market Xinhua [DALIAN] Shang Fulin, head of China's securities market watchdog, said China's capital market has gone through fundamental changes but still faces "a bumpy road ahead". "China's capital market, fuelled by its booming economy, has made huge strides in the past few years," Mr
      Xinhua  -  353 words
    • Article
      Lock icon HK not hit by sub-prime woes: central bank
      206 12 -Xinhua [HONG KONG] Information provided by locally incorporated banks indicates that their aggregate exposure to the US sub-prime mortgage market will not have systemic implications for Hong Kong's banking sector, according to Hong Kong Monetary Authority chief executive Joseph Yam. In his
      -Xinhua  -  206 words
    • Article, Illustration
      Lock icon Steamroller gathers pace at Shanghai contemporary art fair
      712 12 Bloomberg [SHANGHAI] On the opening night of the much-hyped SH Contemporary Art Fair here, artist Rirkrit Tiravanija offered visitors some advice hidden in a free snack of rice. Among the grains was the message: "Rich Bastards Beware." The four-day fair, with a
      ■ Bloomberg; BLOOMBERG PHOTOS  -  712 words
    • Article
      Lock icon Tianjin Port to merge with HK-listed affiliate
      519 12 Bloomberg [SHANGHAI] Tianjin Port Co, operator of northern China's busiest harbour, will combine with a Hong Kong-listed affiliate, making it easier to raise overseas funds for new berths and terminals. The assets of the port operator and of Tianjin Port Development Holdings Ltd
      Bloomberg  -  519 words
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  • INDIA
    • Article, Illustration
      Lock icon Fears of India overheating ease as stocks cool
      512 13 Reuters SUB-PRIME FALLOUT Economy expected to stay strong, says former central bank governor [MUMBAI] The US sub-prime crisis has led to a welcome tempering of investor exuberance in India, and it has also helped quell worries the economy could overheat, former Reserve
      Reuters  -  512 words
    • Article, Illustration
      Lock icon Volvo eyes booming luxury car market
      485 13 Reuters It sees premium vehicle sector more than doubling by '09 [NEW DELHI] Volvo Car Corp aims to be a serious player in India's luxury car market, which it expects to more than double by 2009, mirroring the trend of rapid expansion in other
      – Reuters; BLOOMBERG  -  485 words
    • Article
      Lock icon India insulated against a US slowdown for now
      725 13 Reuters [NEW DELHI] A small reliance on exports means India's economy is shielded from a potential US downturn, but growth could be stunted if current market turbulence is the start of a longer-term reversal in global risk appetite. Other Asian economies, such
      – Reuters  -  725 words
    • Article, Illustration
      Lock icon India's 'King of Retail' warns of challenges as malls sprout
      283 13 AFP [MUMBAI] India's retailers will face challenging times from 2009 as new malls and hypermarkets spring up across the country, supermarket tycoon Kishore Biyani warned on Thursday. The head of the Big Bazaar retail chain said many of the new
      AFP; BLOOMBERG  -  283 words
    • Article
      Lock icon Orissa land set aside for Arcelor Mittal steel plant
      271 13 Reuters [BHUBANESWAR, India] Officials in the eastern Indian state of Orissa said on Thursday they had earmarked 2,800 hectares of government and private land for a steel project proposed by Arcelor Mittal. Last December, Arcelor Mittal, the world's biggest steel maker,
      ■ Reuters  -  271 words
    • Article
      Lock icon Delhi links energy needs to diplomatic policy
      311 13 AP Energy security office created under foreign ministry [NEW DELHI] India has decided to set up an energy security office in its Foreign Ministry, the government announced on Thursday, in an indication of how the country's energy needs are increasingly being tied to
      AP  -  311 words
  • Page 13 Advertisements
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      99 13 Did You Overlook the best /oco/jfy that has further investment growth?? ALL EXCLUSIVEI THOMSON EURO ASIA 947 sqft F'hold. (3 units) Asking $1690 psf up. 2+l tenanted. THE HUNTINGTON 1152 sqft F'hold. Asking $1800 psf up. 3+l owner-occupied. PEPPERMINT GROVE 990 sqft. F'hold. Asking $1300 psf up. 3 bdrms mais.
      99 words
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  • ASIA PACIFIC/WORLD
    • Article
      Lock icon August payrolls fall by 4,000
      599 14 AP, Reuters LATEST US DATA Stocks plunge, bonds surge; analysts expect Fed to reduce rates [NEW YORK] Stocks plunged while bonds surged higher yesterday after the government reported payrolls in August fell for the first time in four years rather than rising as had been
      AP, Reuters  -  599 words
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      Lock icon STAYING SPICY
      43 14 BLOOMBERG [LONDON] Customers survey the menu at Cafe Spice Namaste restaurant in London. The restaurant was a pioneer in London more than a decade ago, helping lift curry out of the balti house and into the realms of fine dining. Bloomberg
      BLOOMBERG; Bloomberg  -  43 words
    • Article
      Lock icon Japan's recovery will continue: minister
      515 14  -  ANTHONY ROWLEY BY. in Tokyo RECENTLY appointed Finance Minister Fukushiro Nukaga yesterday brushed aside fears that Japan's economic recovery is running out of steam, as suggested by various recent indicators. "The economy will be able to continue its recovery, supported by private demand," Mr Nukaga
      515 words
    • Article, Illustration
      Lock icon iPhone price cut may hurt Palm, Motorola
      559 14 Reuters [NEW YORK] Apple Inc's hefty iPhone price cut pits it in direct competition with handsets from Motorola Inc and Palm Inc, which are struggling to convince Wall Street they can turn around their ageing brands. With the music-playing iPhone now selling at
      – Reuters; AP  -  559 words
    • Article
      Lock icon Ratings agencies, Wall St firms' ties to be examined
      216 14 Reuters [NEW YORK] US regulators plan to probe how the major credit rating agencies are paid and whether they are independent from Wall Street firms that issue bonds. The investigation comes amid the crisis in the mortgage market, the Wall Street
      Reuters  -  216 words
    • Article
      Lock icon Doha round issues may be resolved by Nov: WTO chief
      364 14 Bloomberg [SYDNEY] Global trade talks are no longer at an impasse, and contentious differences over farm subsidies and industrial tariffs could be resolved by November, World Trade Organization (WTO) chief Pascal Lamy said. "The Doha talks are no longer at
      – Bloomberg  -  364 words
    • Article
      Lock icon Apec business code to help companies fight corruption
      350 14 ■AFP [SYDNEY] A drive to eradicate bribery and corruption in business deals was launched in a wide-ranging code of conduct unveiled at an Asia Pacific meeting here yesterday. Using contributions to political parties and charities as a "subterfuge" for bribery is also
      ■AFP  -  350 words
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  • MOTORING
    • Article, Illustration
      Lock icon Town & country Volvo
      851 15 Town country Volvo Two new lifestyle vehicles with permanent four-wheel-drive are being launched in Singapore this week. But as SAMUEL EE discovers, they will appeal to very different groups of buyers F you are feeling deranged and have more hallucinations than the average druggie, you could well be schizophrenic and
      851 words
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      Lock icon X factor is the only thing missing from BMW's X5
      582 15 IT has sharper styling and even sharper handling, but perhaps the most striking new feature of the BMW X 5 is the number of seats seven. For the first time, the Ultimate Driving Machine will feature a third row of
      582 words
    • Article, Illustration
      Lock icon C change for three-pointed star
      438 15  -  SAMUEL EE By THERE'S another safety driving event in town but for this one, you don't have to own a certain make of car or be a prospective buyer to join in. Organised by Mer-cedes-Benz, the C-Class Challenge is open to 700 members of the
      438 words
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  • GOLF
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      Lock icon PGA Tour gets a tweak
      973 16 While players themselves are confused about the newly established FedEx Cup, it could add a new competitive element, reports JUSTINE MOSS WHEN professional golf tours make additions or constructive changes to their annual schedules, these are usually greeted by their members with wide-open arms. After
      AP  -  973 words
  • Page 16 Advertisements
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      745 16 Wine&Clllie with weekendßTwine&dine with weekendßT Ah Hoi's Kitchen Lai Tong Ping of Hai Tien Lo Cantonese restaurant, over 30 wine labels. Lunch $39.90++ Per Person, Indo Padang r Master Chef Hiroshi Ishii of Keyaki Japanese restaurant, Dinner: Sunday to Wednesday:s4s++Per Person and n,, #D m™, -j/ra,-?™ Poolside, (above Tanqhn Mall),
      745 words
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  • WELLNESS
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      Lock icon Allergic? Try biophysics
      1053 17 Could the future of medicine be based on quantum physics? A general practitioner here uses a German bioresonance machine to treat patients for conditions like habitual smoking, autism and allergies, reports CHEAH UI-HOON MAGINE a doctor holding a metal wand behind your back to check what you
      1,053 words
    • Article
      Lock icon Food additives can increase hyperactive behaviour in many children, study shows
      570 17 ■NYT [NEW YORK] Common food additives and colourings can increase hyperactive behaviour in a broad range of children, according to a study. It was the first time researchers have conclusively and scientifically confirmed a link that has long been
      ■NYT  -  570 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      367 17 CRYPTIC CROSSWORD ACROSS I I I I 1 I Neat and precise form of epi- 12 3 4 5B H? taph (4,2,5) B^^l 9 It takes the lead (3-6) H H H H H H H 10 Engagement ring? (5) 9 ijJ^T^I^ II Best defence for a bout of t^H
      367 words
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  • SHOPPING
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      Lock icon Home shopping scales new heights
      640 18  -  CHEAH UI-HOON Two new stores widen consumers' choices in picking the finest for their personal and office spaces as well as travels By< I ROM fashion, WingTai Asia Group subsidiary Wing Tai Branded LifeI style has expanded into a retail segment that one would have
      640 words
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      Lock icon Zegna to match Spore growth with even more stores
      692 18  -  CHRISTOPHER LIM By ERMENEGILDO Zegna stands out from the luxury menswear crowd in its steadfast refusal, so far, to go into ladies' wear. Paolo Zegna, chairman of the Ermenegildo Zegna Group, talks about the possibilities of catering to women, as well
      692 words
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      Lock icon Travelling in style with Carlton bags
      595 18  -  MELISSA LWEE By IN a bid to give travellers a wider choice of (big) bags for their buck, Carlton Travel Goods has launched Asia's first Carlton mono brand store at The Central last week. As the second Carlton standalone boutique to open in the
      595 words
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  • PERSONAL SPACE
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      Lock icon Just raw stye
      1353 19 Architect Ed Poole's home is a refreshing break from the gleam and polish of showroom-like interiors. CHEAH UI-HOON takes a tour of his penthouse in all its unfinished glory FOR a man behind some of the top designer restaurants and bars in town, not to mention the
      1,353 words
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  • THE BUSINESS TIMES weekend
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      Lock icon A classy taste of heritage
      1032 20 Spore chef Justin Quek puts his signature style on East-West offerings in his latest fine-dining forays into the elegant quarters of Shanghai's former French Concession, writes GEOFFREY EU GIVEN his wellearned reputation as a skilled Asian exponent of modern French cooking, an inevitable sense of
      1,032 words
    • Article, Illustration
      Lock icon A wedge, a wheel? How about wall-to-wall cheese?
      1067 20  -  JAIME EE By A FUNNY thing seems to be happening at the two new upscale gourmet grocery stores in bubbling F&B hotspot Dempsey Hill. For the impatient foodie eager for a new twist to the gourmet shopping scene, jones the grocer and
      1,067 words
  • Page 20 Miscellaneous