The Business Times, 6 June 2008

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Microfilm: NL29385
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION co regn no *****2868E mica (p) 122/12/2007 Friday, June 6,2008
    24 words
  • Article, Illustration
    Lock icon Airlines start exiting routes to cut losses
    721 1  -  YEN SREENIVASAN Qantas cuts capacity on Asian routes; SIA studies its options By [SINGAPORE] Faced with the prospect of plunging earnings amid soaring fuel prices and flattish revenue growth, many airlines are cutting capacity and exiting routes. Qantas is just the latest to
    FILE PHOTO  -  721 words
  • Article, Illustration
    Lock icon Spooked investors snap up S'pore govt bonds
    700 1  -  SIOW LI SEN Demand grows with inflation threat; bond yields climb sharply By [SINGAPORE] Singapore government bonds are in demand as prices continue to fall due to inflation fears, and investors seek a flight to quality. Analysts say inflation, the predominant worry of
    Bloomberg  -  700 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      99 1 GOVTLAND EXEC LIFESTYLE H BE INSPIRED SALES Shaping the multimedia //^L I m U Zap for daily inspiration. PAGE 2 PAGE 27 I^UL Wli 4 F f/ Sunglasses! PAGE 8 The brick builder M His employees learn about company M matters from the corporate comms, in 2^fi PR lingo, but
      99 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      7 1 Subtly does it arts fest page 29
      7 words
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  • TOP STORIES
    • Article
      Lock icon Little choice but to offer less choice sites
      1128 2  -  KALPANA RASHIWALA COMMENTARY: GOVT LAND SALES Developers fear oversupply; the govt must offer some sites but may not waste prime sites By THE six-month-ly Government Land Sales (GLS) programme announcement is just around the corner, and property industry players are once again
      1,128 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon HK IOOkS at tOUgher Wage law regime
        58 2 LEGISLATORS are calling for laws to be tightened against Hong Kong bosses who leave staff short changed amid growing concern over wage defaults in the city. A spate of high-profile cases where employees have been left empty-handed despite court orders against bosses has
        58 words
      • Article
        Lock icon Olam shares slide on news of convertible bond issue
        68 2 OLAM International shares took a hard knock yesterday as market expectations of an announcement on a major acquisition turned out to be news of a US$3OO million convertible bond issue. Reflecting possible market disappointment, the stock dived as much as 27
        68 words
      • Article
        Lock icon Kohlberg Kravis Roberts close to buying Unisteel: sources
        79 2 A DEAL has been struck that would see Singapore disk drive component maker Unisteel Technology bought over by US private equity giant Kohlberg Kravis Roberts and Co, with negotiations already in the final stages sources involved in the auction said yesterday. The
        79 words
      • Article
        Lock icon Dayen diversifies intO energy sector
        48 2 WASTEWATER treatment firm Dayen Environmental has jumped on to the energy bandwagon with a coal purchase valued at up to US$4.5 million. The deal, announced yesterday, is part of a diversification plan aimed at edging the loss-making company into the black, Dayen said,
        48 words
      • Article
        Lock icon CAI in joint bid tO Operate St Petersburg airport
        58 2 CHANGI Airports International is tying up with a Russian investment company to bid for the right to redevelop and operate the airport in St Petersburg. CAI, a subsidiary of the Civil Aviation Authority of Singapore, wiU hold a 25 per cent
        58 words
      • Article
        Lock icon US manufacturers paSSing on rising costs
        36 2 FACED with energy and metals prices that have risen faster than many executives expected this year, US manufacturers are succeeding in Pug g W'Cl mcreasf aa^nSrS\he ECONOMY WATCH, PAGE 11
        36 words
      • Article
        Lock icon jakarta ups rate by smaller than expected 1/4 point
        60 2 INDONESIA'S central bank increased its ben chmark interest rate for a second straight month, as surging food and energy prices force policy makers across Asia to tackle inflation, Governor Boediono, in his first policy decision since taking over the post, raised
        60 words
      • Article
        Lock icon China's smaler steelmakers woo foreign capital
        41 2 CHINESE steel companies are wooing foreign investors in a bid t0 Bain technology and bulk up their balance sheets, seeking to fend off the threat of getting scooped up by the country's larger, state-run groups,
        41 words
    • Article
      Lock icon Temasek rebuffed late plea from Bear Steams: report
      366 2 [NEW YORK] In the days before its sale to JPMorgan Chase, Bear Steams turned to Temasek for rescue financing but was actually rebuffed by the Singapore investment company, says a report in the Financial Times. Citing people familiar with the matter, the
      366 words
    • Article, Illustration
      Lock icon Hillary Clinton promises to 'strongly support' Barack Obama
      502 2 Reuters She vows to 'rally the party' behind Democratic nominee [WASHINGTON] Hillary Clinton will end her presidential bid and declare her support for Barack Obama, she told supporters yesterday, ending a gruelling 16-month nominating fight that split the Democratic Party. Ms Clinton
      – Reuters  -  502 words
    • Article, Illustration
      Lock icon Cautious Stanchart opts to grow boldly
      473 3  -  SIOW LI SEN It sees opportunities in market turmoil; wants to pick out problems early By [SINGAPORE] There will be no let up in growing the business and hiring more people for Standard Chartered Bank despite the ongoing financial markets turbulence, said chief executive
      ARTHUR LEE  -  473 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        29 3 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.790 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.93 INDIA 12.25 Source:
        : Bloomberg  -  29 words
      • Article
        Lock icon MARKETS
        43 3 ICOMP 1,223.56 -29.56 IIKKEI225 14,341.12 -94.45 IANG SENG 24,255.29 +132.04 ;et index 809.82 +0.90 JAKARTA COM P 2,399.68 +37.09 IANILACOMP 2,718.42 -54.70 ;eoulcomp 1,832.51 -1.50 IHENZHEN B 554.92 +11.07 IUMBAI IND 15,769.72 4-254.93 12N00NEDT Cham )OW 12,536.22 +145.74 IAS DAI 2,536.74 +33.60
        43 words
      • Article
        Lock icon FOREX
        39 3 IS$ (S$ per US$) 1.361 (US$/S$ per 1.950 2.66' ;URO (US$/S$/E) 1.543 2.111 'EN 106.00 77.51 3.260 2.38: IK$ 7.809 5.70! !AHT 32.89 24.0. lUPIAH 9,328 6,82 lENMINBI 6.944 5.071 INDIAN RUPEE 42.86 31.3 1.046 0.76. 1.303 0.952
        39 words
    • Article
      Lock icon Borders to sell 30 stores, including those in S'pore
      261 3 Reuters Buyer A&R Whitcoulis will be able to use the Borders brand as part of USsllom deal [CHICAGO] Bookstore operator Borders Group Inc, which put itself up for sale in March, said yesterday that it has agreed to sell its 30
      – Reuters  -  261 words
    • Article
      Lock icon HK looks at tougher wage law regime
      542 3  -  JANE MOIR Many workers not paid despite court rulings in their favour ByJ in Hong Kong LEGISLATORS are calling for laws to be tightened against Hong Kong bosses who leave staff shortchanged amid growing concern over wage defaults in the city. A spate
      542 words
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      Lock icon Page 2 Advertisements Column 1
      197 2 .^ij ft House of manu cloclcs |^iil^3^3iJ Want the hpct nrirp? t* mf J .Land 22,000 sq ft. Build want tne Dest price." IIP, J SElSSxvi Up 10,000 sq ft B>W 4°m Brand New, Just TOP /""""N 1 ll^ii^ I m^%k ne e"ar Steam Room, I own ihe world's Ultimate
      197 words
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      54 3 ZM\ BfiS&SAßirw —Til—lL^ I frTTTTTi J-" m^w BsJ HEm ggßyw BBaS-M j»."?s;a sg B' Bii'j^ «A§^ Kp33E?*llPß^DH#rl PI 1— i I L-^^m MfHT^nMaMi IJ" -HnIfIBVJHEM9 S^MffTJ^E 5E b i f& EiH] ii ill jflH I p iSmauom naKßi^K3^m=^-^ r-JT^y^^^ffTT^^^^i fnP™ fT "irwSTlP*'*."Hrr*l S^Siiiti > k-UmßteaaCa FJH=^f^ 11^^ a "s; Finn
      54 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Tracking HK, Europe, US futures again
      590 4  -  R SIVANITHY STOCKS STI closes 9 points up in dull session; index warrants and commodity stocks in play THERE really wasn't that much to distinguish yesterday's session from the dozen or so that preceded it prices drifted within a narrow band, the Straits Times
      Bloomberg  -  590 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      98 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 8 3 0 0 0 6 8 3 lanufacturing 49 49 68 13 54 58 81 :ommerce 17 23 24 23 26 29 'pt/Stor/Comms 17 14 18 15 :inance 11 11 instruction 14 >ro| lerties
      98 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 16,419 16,419 102,371 102,371 lanufacturing 185,535 30,111 215,646 228,284 3,909 232,193 lommerce 83,022 20,180 103,202 151,190 6,953 158,143 "pt/Stor/Comms 93,682 1,353 95,035 238,868 478 239,346 :i nance 24,763 24,763 268,368 268,368 lonstruction 10,796 10,004 20,800 2,201 877 3,078 'roperties
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      101 4 lapitaLand 6.360 +0.210 lapitaMall 3.340 +0.020 jtyDev 11.100 -0.100 losco Corp 3.370 +0.020 IBS Grp 19.780 +0.220 :&N 4.880 -0.030 Sent Intl 0.630 +0.010 IK Land 4.700 -0.070 ISH 18.560 +0.160 lardineC&C 17.440 +0.300 Ceppel Corp 11.860 -0.040 Ceppel Land 5.360 +0.200 IOL 3.780 +0.060 loble
      101 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      822 4  -  CHOW PENN NEE Sino-Environment Technology June 5 close: $1.65 ÜBS Investment Research, June 4 $149 million convertible bond with equity swap: Sino-Environment is issuing $149 million of 4 per cent coupon convertible bonds with $2.19 conversion price, maturing in July 2013 with an investor put date in July
      Bloomberg  -  822 words
    • Article, Illustration
      Lock icon Dollar firms on US rate hike speculation
      465 4 -AFP CURRENCIES [TOKYO] The dollar continued to climb in Asian trade yesterday, hitting a three-week high against the euro on speculation that US interest rates may rise later this year, dealers said. The dollar gained to 105.55 yen in Tokyo afternoon trade from
      -AFP  -  465 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 4 Jun 5 VALUE CLOSE -532.00+106.0 BT OB/OS BT CADI -*****.00 +5.0 BT 10-day MA -*****.00 -53.0 FTSE ST Mid Cap 797.80 -0.67 FTSE ST Small Cap 669.41 +0.21 FTSE ST All Share 802.77 +1.49 FTSE ST China 466.05 -0.75 UOB Catalist 154.09 -0.26 SIMSCI 384.42 +1.48 SIMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 4 VOLUME Golden Agri 44,380,000 Gent Intl 34,064,000 Sing Tel 29,714,000 DBS DBeCWOBIOI3 24,775,000 DBS MBL eCWOBO9OS 22,935,000 Mercator 22,228,000 Olam 20,458,000 Noble Grp 19,110,000 SinqTelMBLePWOBlOlO 18,146,000 Ocean us 17,832,000 VALUE(S) Sing Tel 108,453,940 DBS Grp 103,452,610 UOB 90,083,660 Keppel Corp 71,632,960 Capita Land 56,912,418 Olam 56,579,050 S
      61 words
    • Article
      Lock icon RISES
      107 4 DBS Bk6% NCPS 10 CLOSE UP ***** 40.0 0.4 OCBC Bk4.5%NCPS 100 ***** 38.0 0.4 Jardine C&C 1744 30.0 1.8 DBS MBLJCW*****0 611 24.0 4.1 DBS Gr| 1978 22.0 1.1 JSH 1856 21.9 0.9 .and 636 21.0 3.4 Kej Land 536 20.0 3.9 China H 10US$ 1726 17.8 0.8
      107 words
    • Article
      Lock icon FALLS
      117 4 CLOSE DOWN 8594-125.8 -1.1 GLD 10US$ JMH 3204 -76.6 -1.7 .han. iLa Asia 2200 -63.0 -14.1 SPC 640 -25.0 -3.8 Olam 276 -22.0 -7.4 UOB MER eCW*****8 42.5 -14.5 -25.4 Swiber 279 -13.0 -4.5 UOB 1954 -12.0 -0.6 UOBMBLiCW/*****0 622 -12.0 -1.9 :it 1110 -10.0 -0.9 BY PERCENTAGE CLOSE
      117 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 4 Jun 5 CLOSE CHNG FRJunl YR2008 S$ LOW S$ HIGH USS 1.3688 -0.30 1.4542 1.3457 Euro 2.1099 -0.03 2.2064 2.0474 Pounds 2.6668 0.03 2.8431 2.6568 AS 1.3068 0.11 1.3235 1.2349 Yen* 1.2906 0.94 1.4484 1.2832 Rupiah* 0.***** -0.35 0.***** 0.***** Baht* 4.1643 0.28 4.4299 4.1470® Peso*
      83 words
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  • COMPANY NEWS
    • Article
      Lock icon Olam shares slide on news of convertible bond issue
      480 6  -  EMILYN YAP It hits intra-day low of $2.71, closing at $2.76, down 22 cents or 7.4% By OLAM International shares took a hard knock yesterday as market expectations of an announcement on a major acquisition turned out to be news of
      480 words
    • Article, Illustration
      Lock icon Kohlberg Kravis Roberts close to buying Unisteel
      304 6  -  LEE U-WEN It would be KKR's second purchase of local disk drive firm By A DEAL has been struck that would see Singapore disk drive component maker Unisteel Technology bought over by US private equity giant Kohlberg Kravis Roberts and Co (KKR), with
      FILE PHOTO  -  304 words
    • Article
      Lock icon Banker Ong Chong Jin to head Catalist
      374 6  -  MICHELLE QUAH Ex-CLSA senior exec will be responsible for developing junior board By SINGAPORE Exchange (SGX) has appointed investment banker Ong Chong Jin as the head of its junior board, Catalist. Mr Ong, 43, will come on board on July 8. "Mr Ong
      374 words
    • Article
      Lock icon ST Engg unit wins 88.7m yuan Guangzhou deal
      194 6 SINGAPORE Technologies Engineering (ST Engg) yesterday announced a contract win by its electronics arm as well as a marine joint venture to undertake a naval project. ST Electronics has been awarded a contract worth 88.7 million yuan (about 5517.5 million) to provide
      194 words
    • @ one-north
      • Article, Illustration
        Lock icon Life in a self-contained township
        1013 7  -  CLARISSA TAN one-north aims to be a place where residents can work, live, learn and play seamlessly. reports IT'S Friday morning. Your alarm rings. You decide to swim a few laps, so you head for the rooftop pool. Then you stroll to work, which takes
        1,013 words
    • Article
      Lock icon Dayen diversifies into energy sector
      468 8  -  JAMIE LEE Firm banks on mining and oil sector to return to the black By WASTEWATER treatment firm Dayen Environmental has jumped onto the energy bandwagon with a coal purchase valued at up to US$4.5 million. The deal, announced yesterday, is part of a diversification
      468 words
    • COMPANY BRIEFS
      • Article
        Lock icon Wilmar's Sichuan plants restart
        52 8 WILMAR International said that operations have resumed at its two plants in Sichuan, which were not damaged during the May 12 earthquake but were temporarily shut down to facilitate relief efforts in the area. The shutdown did not have any material impact on overall group operations,
        52 words
      • Article
        Lock icon Chasen takes stake in Queensland hub
        79 8 CHASEN Holdings has agreed in principle to invest A 55.63 million (557.37 million) for a stake of about 10 per cent in an intermodal terminal logistic hub development in Queensland, Australia. The stake would be held through a New Zealand investment holding company, Far
        79 words
      • Article
        Lock icon Nera receives $10.2m orders for equipment
        40 8 NERA Telecommunications and its wholly owned subsidiary, PT Nera Indonesia, have received purchase orders worth $10.2 million from a cellular operator in Indonesia for the supply, delivery, installation and maintenance of microwave transmission equipment.
        40 words
      • Article
        Lock icon Indiabulls extends retail portion of IPO
        55 8 Reuters INDIABULLS Properties Investment Trust yesterday said that it had extended the retail portion of its US$2B4 million initial public offer of shares in Singapore by a day to today. A banker involved in the deal said that the extension was because the retail
        – Reuters  -  55 words
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      1010 6 Jj*p This announcement appears as a matter of record only CHINA TAISAN TECHNOLOGY GROUP HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 2 July 2007) (Company Registration No. *****1863 D) Invitation in respect of 233,000,000 ordinary shares comprising 223,200,000 New Shares and 9,800,000 Vendor June 2008 Shares as follows:--(a)
      1,010 words
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      46 7 jei^, iiMTfllßTriii fa k" W r N* JK Otf iniftiOn V« <»n«iH Woen<i*7 m|l!BW^|lmS^V S^SS^^S CK<<tK M<#'£*"'' fr^'"wC Ire^ *°'+ht <^^- f«yt> /T^*ty/-A/ yglgfiffik 1968-2008 Corporollon JTC Corporation, The JTC Summit, 8 Jurong Town Hall Road, Singapore *****4. Tel: 1800-568 7000 Fax: (65) 6565 5301 Website: www.jtc.gov.sg
      46 words
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      Lock icon Page 7 Advertisements Column 2
      13 7 This series is brought to you in conjunction with JTC's 40th anniversary. 40
      13 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      75 8 Announcement I |i'fill) Ini f' Deloitte. I Audit .Tax. Consulting Financial Advisory. Deloitte Touche LLP Registration Number: LLOBOO72IY -Jb- -9k■4L-^---6 Shenton Way #32-00 DBS Building Tower Two Singapore *****9 .^fe. Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each
      75 words
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      Lock icon Page 8 Advertisements Column 2
      190 8 SPORTS BET ING WITH THE LEGAL BOOKMAKER WATCH all 31 1 Euro Champ matches live 1 at Sportsßuzz Paradiz! Twelve 100-inch projection screens and 36 LCD screens in a sense-surround setting Sales hours oF Pools branches and retail outlets will be extended during Euro Champ 2008 (7-29 June)! For more
      190 words
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  • FOCUS: BANKS
    • Article, Illustration
      Lock icon Fortis aims to be among top 5 Asia private banks
      471 9  -  GENEVIEVE CUA Assets under mgt in region stand at USs3ob currently, growing at 25% By FORTIS Bank, which is in the midst of integrating its operations with ABN Amro, aims to be one of the top five private banks in
      JOHN HENG  -  471 words
    • Article
      Lock icon VP Bank Group issued merchant banking licence
      510 9  -  CHOW PENN NEE It is targeting those with investible assets of US$2O-30m By THE number of private banks keen to establish a foothold in Singapore shows no signs of abating, even with the current turbulence in the financial markets. The latest bank to
      510 words
    • Article
      Lock icon Amex launches new card in its Platinum series
      312 9  -  CHARMIAN KOK By AMERICAN Express launched its Platinum Reserve Credit Card yesterday, catering to clients with a median income of between $150,000 and $500,000 a year. According to Amex, the segment estimated to be worth about $4.5 billion in card billings with
      312 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Irish engineering group sets up Asia HQ here
      463 10  -  VIKRAM KHANNA PM Group has over USssoom contracts in Spore and region By IRELAND'S leading engineering and project management firm specialising in servicing the pharmaceutical and food industries, the PM Group, has established its Asia-Pacific headquarters in Singapore to spearhead its expansion
      ARTHUR LEE  -  463 words
    • Article
      Lock icon CAI in joint bid to operate St Petersburg airport
      505 10  -  NISHA RAMCHANDANI It will hold a 25% stake while its Russian partner will hold the other 75% By I CHANGI Airports International (CAI) is tying up with a Russian investment company to bid for the right to redevelop and operate the
      505 words
    • Article
      Lock icon Local information for tourists through mobile phones
      244 10  -  LIM WEN JUIN Service will provide details of nightlife, retail promotions By AFTER a successful pilot run in April, mobile content firm Cellcity will launch its Digital Concierge 2Go service at CommunicAsia on June 18. The free service a joint project by the
      244 words
    • Article
      Lock icon Environmental report: S'pore Poly wins top award
      357 10  -  MICHELLE QUAH By SINGAPORE Polytechnic has clinched a top environmental and social reporting award, beating other finalists Banyan Tree Holdings, City Developments, Comfort DelGro, Keppel Land International, Singapore Airlines, Sembcorp Industries and SMRT Corporation. The Association of Chartered Certified Accountants' Singapore Environmental and
      357 words
    • Article
      Lock icon Silicon Labs opens its new global HQ
      311 10  -  LIM WEN JUIN By FABLESS semiconductor giant Silicon Laboratories yesterday officially opened its new international headquarters at Serangoon North Aye 5. Covering 25,000 sq ft, it is three times bigger than its previous office at Harbourfront. This shift reflects the company's effort to
      311 words
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      1993 10 f =N I jcdecauxneonlightasia NOTICE OF INTENDED DIVIDEND AUTOMATED TOUCHSTONE MACHINES LIMITED (INMEMBEK°vSI.UNTA^IiIQUIDATION) Name of Company PasirPanjang Industries Pte Ltd (Company Registration No. *****9457N) COMPANY REGISTRATION NO.: *****7559K (In Liquidation) (the "Company") Reg. No. *****1151W (incorporated in Singapore) SS2&EMSIB£&S! AddrßSS °f re9iSt9red OtfiCe SSbSSiKsIISSSSS^I THE COMPANY DULY CONVENED AND Mipna
      1,993 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US manufacturers passing on rising costs
      714 11 Reuters They are running out of ways to offset high energy and metals prices [BOSTON] Faced with energy and metals prices that have risen faster than many executives expected this year, US manufacturers are succeeding in pushing through price increases to their customers, another
      – Reuters; BLOOMBERG  -  714 words
    • Article
      Lock icon Fed's Lockhart says US to avoid economic slump like Japan's
      277 11 Bloomberg [ATLANTA] The US will avoid an extended economic slump similar to Japan's in the 1990s as banks recognise losses faster than their Japanese counterparts did, Federal Reserve Bank of Atlanta president Dennis Lockhart said. "I do not expect this
      – Bloomberg  -  277 words
    • Article, Illustration
      Lock icon Philippine inflation soars, pressure on central bank
      484 11 Reuters The peso dropped through key support at 44 per dollar [MANILA] Philippine annual inflation soared to a nine-year high of 9.6 per cent in May, above market expectations, pressuring the central bank to boost interest rates yesterday for the first time in
      – Reuters; REUTERS  -  484 words
    • Article
      Lock icon ECB indicates that it may lift interest rates
      450 11  -  SURESH MENON By in Frankfurt THE European Central Bank (ECB) has strongly indicated that it may lift interest rates by a quarter point at its meeting next month, saying that it was on a "heightened state of alert over price stability". But
      450 words
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      180 11 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      180 words
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  • MALAYSIA
    • Article
      Lock icon Fuel hikes hit stocks, draw flak
      515 12  -  S JAYASANKARAN By in Kuala Lumpur THE benchmark composite index of the Kuala Lumpur stock exchange tumbled 2.3 per cent after the government announced 40-60 per cent increases in fuel prices amid plans to increase electricity tariffs between 16-26 per cent from July 1.
      515 words
    • Article, Illustration
      Lock icon Interest in Nusajaya industrial park warms
      392 12  -  EMILYN YAP By [SINGAPORE] Initial response may have been cool, but companies in Singapore are showing more interest in Nusajaya's Southern Industrial and Logistics Clusters (SiLC), where land prices are on a climb. And according to a diplomat, Malaysia's political developments should not cloud
      392 words
    • Article
      Lock icon Tenaga's tariff hikes won't cover costs
      629 12  -  PAULINE NG 40% of households hit; industrial and commercial users to pay 26% more By in Kuala Lumpur MALAYSIA'S state-owned utility Tenaga Nasional yesterday announced a new tariff structure which would see 40 per cent of households affected, and industrial and commercial users paying
      629 words
    • Article
      Lock icon M'sian opposition to protest oil price hike
      195 12 AP [KUALA LUMPUR] Opposition parties yesterday vowed to stage nationwide protests after the government raised petrol prices by a whopping 41 per cent in a politically risky decision that could undermine its already shaky position. Long lines of vehicles formed at petrol stations
      AP  -  195 words
    • Article
      Lock icon BURSA MALAYSIA
      2262 12 Jun 5 RM ('000) A&M Realty 0.58 AbricBhd 0.13 Advance Synergy 0.11 Adventa Bhd 1.15 AeMuIti Hldgs 0.24 Affin Holdings 2.05 Ahmad Zaki Resou 0.78 AicCorp 0.52 \irasia Bhd 0.92 Akn Technology 0.46 Alliance Financi 2.95 Aluminium Co 1.03 Amalgamated Ind 0.56 \mmb Hldgs Bhd 3.58 Amtel Holdings
      2,262 words
  • Page 12 Advertisements
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      230 12 Air Astana the National Carrier of Kazakhstan offers flights from To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing (6x weekly) and For Mer^^^Z website Seoul (2x weekly) to domestic Kazakhstan and Europe via Almaty 4K BIT SStaiia on Boeing
      230 words
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  • INDONESIA
    • Article
      Lock icon Jakarta ups rate by smaller than expected ¼ point
      382 13 Jakarta ups rate by smaller than expected point Bloomberg Central bank trying to keep inflation from exceeding 11.5-12.5% [JAKARTA] Indonesia's central bank increased its benchmark interest rate for a second straight month, as surging food and energy prices force policy makers across Asia to tackle inflation. Governor Boediono, in his
      – Bloomberg  -  382 words
    • Article
      Lock icon Boost for Indonesia's creative businesses
      252 13 Xinhua [JAKARTA] The Indonesian government plans to provide a framework for the protection of copyrights and financial assistance to help encourage creative businesses, an official has said. Trade minister Mari Elka Pangestu said that the framework would form part of industry's development blueprints. "With the
      – Xinhua  -  252 words
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      42 13 HPH MM HI I 11.I 1. I H S y > ■W\ w I I fML -^■mJibbl can "J<« I^BBjBBaH:' :r .;-'-'':lF■■■■■■■l CLARE VALLEY pinot noir i^bb^R^lß*^bhSS^lßc^l^3[^bbb^w^l^S^bbbbbbbbH S2UI mM ■■■I KH^ w/\ III lIIi \B vti^bj DB a*g S3E DQE 5E market place
      42 words
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  • GREATER CHINA
    • Article
      Lock icon Smaller steelmakers woo foreign capital to stay alive
      587 14 Reuters Search for investors comes as Beijing calls for industry to consolidate [HONG KONG] Chinese steel companies are wooing foreign investors in a bid to gain technology and bulk up their balance sheets, seeking to fend off the threat of getting scooped
      Reuters  -  587 words
    • Article
      Lock icon Beijing sees trade surplus shrinking in 2008
      267 14 -AFP [BEIJING] China's trade surplus is likely to shrink in 2008 for the first time in five years, with a rising local currency and the US economy's slowdown two of the prime reasons, the government said yesterday. "We forecast that for the full
      -AFP  -  267 words
    • Article, Illustration
      Lock icon GREEN DAY
      40 14 [HOHHOT, Mongolia] Primary school pupils drawing pictures about environmental protection in Hohhot, capital of north China's Inner Mongolia Autonomous Region. Many enterprises, schools and communities in China carried out activities yesterday to greet the World Environment Day. XINHUA
      XINHUA  -  40 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8394 14 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.245/ AIGIF Spore Bond Fund/ A 1.336/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.04/ APS Alpha Fund (USD) 0.76/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.969/ APS Komaba
      8,394 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Rise in Indian fuel price may force rate hike
      670 15 Reuters Analysts expect the repo rate to be increased by 25 basis points [NEW DELHI] India's decision to raise retail fuel prices on Wednesday should kick the headline inflation rate to 13-year highs above 9 per cent in coming weeks, and
      – Reuters  -  670 words
    • Article
      Lock icon Leftists protest in three states
      322 15 Reuters [KOLKATA] Strikes shut down transport, businesses and schools in three commu-nist-run Indian states yesterday after a rise in fuel prices, but there was little sense of real fury against the government. Communist allies of the ruling coalition kicked off a week of protests against
      – Reuters  -  322 words
    • Article, Illustration
      Lock icon Taiwan tycoons bank on China trade
      386 15 Reuters [TAIPEI] Taiwan's wealthiest people, who built their fortunes on property, plastics and mobile phone parts, have become richer this year on the prospects of more trade with China, the magazine Forbes Asia said yesterday. Tsai Hong-tv, 55, and his family, Taiwan's wealthiest people
      – Reuters; FILE PHOTO  -  386 words
    • Article
      Lock icon China pension fund cleared for private equity
      362 15 Bloomberg Up to 10% of fund assets usable; NDRC nod still needed [BEIJING] China's US$74 billion national pension fund said that it has received approval to invest as much as 10 per cent of its assets in private equity funds. The National Council
      – Bloomberg  -  362 words
    • Article
      Lock icon HK airport operator eyes Q3 for first Islamic bond
      260 15 Reuters [HONG KONG] Hong Kong's airport operator aims to issue the city's first Islamic bond in the third quarter, the firm's chief executive said yesterday, boosting the territory's ambition of becoming a regional centre for Islamic finance. "We don't have to
      – Reuters  -  260 words
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      104 15 Malaysia Singapore Singapore Toll Free vh Jj^ Leisure Farm Corporation Sdn Bhd iio»7 S ,u, 'jO (607) 556 3003 (65)6254 8280 800-6011-377 iM Ml a Muiona International Coroorot,on wwwwww Hi. H'l'lK'UHii C 3 0 www Ipi^urpfnrm pom mv B /i JP" L MM iCTli^^^h wvYiv.iciouiciuiiii.ouiii.iiiy tJ Developer's License Number: 7165-8/03-2011/495
      104 words
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  • WORLD
    • Article, Illustration
      Lock icon Investors pump in billions as crisis turns food to gold
      747 16 NYT Some major players making long-term bets on global shortfall of food [WASHINGTON] Huge investment funds have already poured hundreds of billions of dollars into booming financial markets for commodities like wheat, corn and soybeans. But a few big private
      NYT; AFP  -  747 words
    • Article
      Lock icon Oil futures rise US$2 on fears ECB may up rates
      414 16 AP, Bloomberg, Reuters Light, sweet crude for July delivery rises to U*****.28 [NEW YORK] Oil prices jumped yesterday after the dollar fell in response to comments by European Central Bank president Jean-Claude Trichet's suggesting the bank could raise interest rates.
      AP, Bloomberg, Reuters  -  414 words
    • Article
      Lock icon Icahn tells Yahoo board to scrap severance plan
      172 16 -AP [SAN FRANCISCO] Dissident investor Carl Icahn escalated his attacks on Yahoo's beleaguered board Wednesday in an acerbic letter demanding the directors scrap an employee severance plan that drove up the potential costs of a Microsoft takeover. If Yahoo's board clings to
      -AP  -  172 words
    • Article
      Lock icon US job losses hurt uniform firms
      227 16 Reuters [BANGALORE] US workers are not the only ones feeling the pinch of the economic downturn. As more and more of them are forced to hand in their uniforms, companies that supply workplace-clothing are grappling with anaemic business. As a potent cocktail of the
      – Reuters  -  227 words
    • Article
      Lock icon Verizon to acquire Alltel in US$28b deal
      446 17 -NYT Move will create the US's largest cell phone provider with 80m subscribers [NEW YORK] Verizon Communications agreed yesterday to buy Alltel for about US$2B.l billion, including the assumption of debt, creating the US's largest cellular telephone provider. The deal catapults Verizon's wireless
      -NYT  -  446 words
    • Article
      Lock icon Bear's private equity unit may be spun off
      212 17 Reuters [NEW YORK] Bear Stearns's pri-vate-equity arm Bear Steams Merchant Banking was expected to announce yesterday that it will spin off into an independent company with JPMorgan Chase as its largest investor, the Wall Street Journal reported. JPMorgan will assume around US$l
      – Reuters  -  212 words
    • Article
      Lock icon US Senate approves US$3t budget plan
      531 17 -Reuters [WASHINGTON] The US Senate on Wednesday passed a budget for the fiscal year starting Oct 1 that would eliminate deficits by 2012 but puts off tough decisions on taxes and controlling the growing costs of health and retirement benefits for the elderly. Over
      -Reuters  -  531 words
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      1008 16 f J Ijlji i THE COMPANIES Aa, CAP. 50 THE CO^MES ACT.^AP. 50 1 J __i INTHEMATTEROF IN THE MATTER OF pj n,ppomgohse,s;n^pore r Pte LT o w^SSnt j __J —J J J J -J —i H «ajas»«. Mjlta NOTICE OF RESOLUTIONS (In Members' Voluntary Liquidation) ■■IWt)l|P^!PPl99!iimf!ni!f7!f9RV9!fßV9!l At en Extraordinary
      1,008 words
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      561 17 Only the Best for My Dad, because My Dad's the Best. p O oi S ide Barbecue caw We set off with the objective to spoil dad and the culinary options were all tantalising; he was tempted by indulgent sky dining at v v. pf Hai Tien Lo with Cantonese
      561 words
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  • AVIATION
    • Article, Illustration
      Lock icon Qantas scales back flights to Japan, South-east Asia
      555 18  -  YEN SREENIVASAN High fuel prices have changed the way the group does business: CEO By [SINGAPORE] Australia's Qantas is the latest major airline to announce international route and capacity cuts to stay profitable as oil price soars. The cuts -just a week
      AP  -  555 words
    • Article
      Lock icon United to shut no-frills carrier, cut 70 jets
      378 18 Bloomberg [CHICAGO] UAL Corp's United Airlines, the world's second-largest carrier, will shut its low-fare Ted airline, ground 70 planes and cut as many as 1,100 jobs as surging fuel prices extend an industry-wide contraction. United's second set of cutbacks in two months
      – Bloomberg  -  378 words
    • Article, Illustration
      Lock icon Virgin Blue 'needs to up fares to survive'
      339 18 -Bloomberg [MELBOURNE] Virgin Blue Holdings Ltd, Australia's second-biggest airline, needs to raise airfares at least 10 per cent, rather than sell new stock, if it wants to remain viable, analysts at JPMorgan Chase Co said. Record fuel prices mean the "ideal scenario"
      -Bloomberg; Reuters  -  339 words
    • Article
      Lock icon Australia to get radar jets in 2009
      163 18 Bloomberg [WASHINGTON] Boeing Co said a US$l billion programme to supply Australia with six surveillance planes is now scheduled for delivery in 2009 after a two-year delay. "The first and second planes will be delivered in March 2009," said Pete Neal, operations manager
      – Bloomberg  -  163 words
    • Article
      Lock icon BA's May traffic falls 0.7%; faces capacity cutback
      441 18 Bloomberg Slowing economy, higher oil prices, T5 fiasco take toll [LONDON] British Airways pic said that traffic fell 0.7 per cent last month as slowing economic growth, higher oil prices and fallout from the botched opening of London Heathrow airport's Terminal 5
      – Bloomberg  -  441 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2503 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,503 words
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  • SHIPPING
    • Article
      Lock icon Indian shipping firms eye high freight bonanza
      544 19  -  SIDDHARTH skIVASTAVA Firms stand to earn 35-40% more in 2008-09 on tanker shortage, fuel hike By in New Delhi INDIAN shipping companies are looking to earn impressive revenues following a record surge in crude oil prices and a growing shortage of tankers that
      544 words
    • Article
      Lock icon No proof to link terrorists to piracy: report
      459 19 -AFP It says rise in piracy due to growing sea trade, corruption [WASHINGTON] Incidents of piracy have spiked across the world since 2000 but there is no evidence to support fears of extremist groups linking up with pirates for their operations, a
      -AFP  -  459 words
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      Lock icon Global container lines vow to go green
      472 19  -  VINCENT WEE By [SINGAPORE] The global container shipping industry is playing its part, in line with World Environment Day yesterday, to emphasise its commitment to environmental protection and reduce their impact on their environment. A press release by new industry organisation Container Shipping
      472 words
    • Article
      Lock icon Fuel costs drive up All Leisure's summer cruise prices
      291 19 Bloomberg [LONDON] All Leisure Group pic, the UK-based cruise-ship operator that sold shares in October, is raising prices for its 2009 summer packages to compensate for higher fuel costs, chairman Roger Allard said. Prices for the company's Voyages of Discovery cruises,
      – Bloomberg  -  291 words
    • PORT SHOTS
      • Article
        Lock icon Shanghai Zhenhua wins US$350m deal
        70 19 Bloomberg [SHANGHAI] Shanghai Zhenhua Port Machinery Co, the world's biggest maker of quayside cranes, won a US$35O million contract from the UK unit of Fluor Corp, the largest publicly traded US engineering company. Zhenhua will supply 110,000 tons of steel structure products for a wind
        – Bloomberg  -  70 words
      • Article
        Lock icon Strike blocks port traffic at Marseille
        94 19 Reuters [MARSEILLE] Traffic in the southern French port of Marseille was blocked yesterday after staff began a 24-hour strike in protest against planned harbour reforms. "Freight and oil traffic are not working," a spokesman for the Port of Marseille Authority said. The stoppage is
        – Reuters  -  94 words
      • Article
        Lock icon Hyundai, Daewoo win orders for 24 ships
        73 19 Reuters I [SEOUL] Hyundai Heavy Industries and Daewoo Shipbuilding Marine Co Ltd yesterday said they had won orders to build 24 ships at an international shipping exhibition in Greece. Hyundai said it had secured a combined US$2.4 billion worth of orders from European
        – Reuters I  -  73 words
    • Article
      Lock icon Newcastle maintains curbs due to weather
      258 19 Reuters [SYDNEY] Australia's Newcastle coal terminal yesterday said a restriction on ship movements due to rough seas off the country's east coast remained in effect, though weather conditions were improving. "We are continually assessing the situation," said Keith Powell, a spokesman for the port,
      – Reuters  -  258 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 19 '000 lun CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.65 0.38 3.37 0.85 2.88 1.17
        107 words
      • Article
        Lock icon KLSE
        36 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.79 9.20 8.90 3.90 3.20 0.19 0.13 -0.02 -0.25 -0.45 -0.04 -0.06 -0.01 unch 161 413 889 1906 18 5 113
        36 words
      • Article
        Lock icon BANGKOK
        12 19 ■oo 'recious Ship Regional Cont .23.80 .24.50 -0.20 -0.20 1704 181
        12 words
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        Lock icon HONGKONG
        6 19 '000 toil .49.80 0.30 43:
        6 words
      • Article
        Lock icon PHILIPPINES
        22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 32.00 unch unch -0.20 -1.00 unch unch 671: 63' i i
        22 words
      • Article
        Lock icon TAIPEI
        18 19 Evergreen Marine ...27.80 :irst Steamship 72.50 /Van Hai Lines 27.05 t'ang Ming Marine...23.60 0.15 1.00 0.10 0.10
        18 words
      • Article
        Lock icon TOKYO
        39 19 '000 (awasaki Hvy Ind ..362.00 11.00 ***** (awasaki Kisen ....1152.00 11.00 7133 Mitsubishi Hvy 595.00 2.00 ***** Mitsui Eng&Sbldg...414.00 -6.00 ***** Mitsui Osk Lines ...1603.00 41.00 ***** Mippon Express 548.00 8.00 6821 MipponYusen 1064.00 9.00 7919 iource: Reuters
        39 words
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      122 19 i^^ LAST [ctWB'P 33 £5 riKli!/ srl colour code DIU li'flV jjf'H Pl> Jll 1 EUC° Bid Price starts from ss4'ooo y Kj^jlQJU±i^lliili^LilUiS Bidding ends 11.59pm, 8 June 2008 s^/mJ^ h-wx d H HXhl f HoWTWnTTHFnI s cnoAonno If you do not have Zap Code application, download the latest Color
      122 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Preparing for an energy-challenged future
      479 20 MALAYSIA yesterday announced the unrolling of its fuel subsidies, joining a growing list of countries forced by skyrocketing oil prices to abandon an increasingly burdensome policy. The news sparked an evening gridlock in its cities as vehicle owners rushed to top up their tanks before
      479 words
    • Article, Illustration
      Lock icon Foreign banks still lag the Big Four in China
      933 20  -  TIGER TONG Without a large network, they concentrate assets and efforts on important Chinese cities By CHINA'S booming banking sector is the best proxy of the fast growing economy. By the end of last year, total assets of China's banking sector
      BLOOMBERG; China Knowledge  -  933 words
    • Article, Illustration
      Lock icon Metro Man shows the way to run India's infrastructure
      821 20 Bloomberg THE BOTTOM LINE INDIAN politicians never tire of proclaiming that their country's population is among the youngest in the world: Every third person, they note, is aged 30 or less. What they don't often acknowledge is that one of the
      – Bloomberg  -  821 words
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      Lock icon Asia's new villain -food
      1228 21  -  SIMON WONG Food inflation is like an extreme form of regressive tax that hits the poorest hardest, both within and across economies By IT HAS been widely observed that the current rise in inflation across most of Asia has been driven by food prices. A less
      AP  -  1,228 words
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      Lock icon Don't forget what US elections are really about
      715 21  -  MICKEY EDWARDS -LAT By ™HE central feature of American government, the one that made the United States "exceptional" and preserved its freedoms for more than 200 years, is in the process of being destroyed. The enemy is not in Iraq or the
      -LAT; AP  -  715 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7217 22 Transaction date: Jun 5 52-wks Tel |h Low Code Last Sale Vol ('000) Hi I Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap Hil Coi 5716 1st Software i I 28 5 8 5 5834 A-Sonic 110 100 6389 ABF SG Bond
      7,217 words
    • Article
      Lock icon SGX XTRANET
      81 22 52-Wk Tel High Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      81 words
    • Article
      Lock icon SGX CATALIST
      1881 22 Hii |h Low Code Comi ran' Sale C000) Hii Low Bu1 fer Seller C'vr P/E $mil 30 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5 3518 s Afor 70.5 12 1524 s Alantac
      1,881 words
    • Article
      Lock icon CLOB INTERNATIONAL
      207 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      207 words
  • Page 22 Advertisements
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      36 22 y Jpfipp, NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED 9 wßj .J 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Wr Internet: Http://www.audemarspiguet.com
      36 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 23 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 4 World Index Preliminan 1053.0 0.0 -7.0 0.0 -10.0 -0.1 -5.1 t EAFE Preliminai 1009.5 -0.4 -9.9 -0.5 -10.8 -0.5 -5.9 Euri Preliminan 1368.6
      369 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 23 As at 9am Jun 5 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.3020 1.3170 Can dollar 1.3390 1.3550 Euro 2.1000 2.1240 NZ dollar 1.0430 1.0660 iterlini ind 2.6580 2.6890 US dollar 1.3610 1.3770 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      154 23 Jun 5 $S_ Offer Bid Overnight 5/16 1-monfh 11/16 2-months 1 3/16 3-months 1 5/16 Overnight mode: 5/16 US$ Offer 3/16 15/16 1 1/16 1 3/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.40 2.65 2.75 2.90 3.05 3.20
      154 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 23 Jun 5 STI SIMSCI Jun 380.1 384.9 384.2 Taiwan Jun 330.5 337.6 336.5 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jun S S! Bid Offer 1-month 1.3652 1.3666 2-months 1.3635 1.365 3-months 1.3623 1.3638 6-months 1.3585 1.3602 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      152 23 Jun 5 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.3075 1.3089 0.9563 0.9565 Canadian dollar 1.3436 1.3453 0.9827 0.9831 Euro 2.1097 2.1119 1.5431 1.5433 NZ dollar 1.0488 1.0511 0.7671 0.7681 Sterlini ind 2.6659 2.6688 1.9499 1.9503 US dollar 1.3672 1.3684
      152 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      376 23 Jun 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.292 97.165 96.965 96.840 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES Jun08 99.155 99.160 Sep08 99.120 99.125 Dec08 99.050 99.050 Mar09 98.930 98.970B Jun09 98.860 98.870B Sep09 98.785B Dec09 98.700B
      376 words
    • Article
      Lock icon SICOM FUTURES
      285 23 Jun 5 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 Apr/Jun 09 433.25 429.25 425.00 419.25 420.00 421.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      285 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 23 Jun 5 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.973 6.641 0.620 7.468 40.987 89.213 1.013 9.786 3.118 1.246 64.538 42.091 1.308 7.417 1.001 29.059 31.454 0.490 0.956 Canada 1.028 6.825 0.637 7.675
      466 words
    • Article
      Lock icon CHICAGO BOT
      104 23 Jun 4 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 08 1389.00 1359.50 1396.00 1356.00 Aug 08 1394.50 1365.00 1402.00 1363.00 Sep 08 1383.75 1356.00 1378.00 1358.00 Nov 08 1379.75 1353.75 1387.00 1349.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 08 60.47 61.04 61.00 60.10
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 23 CRUDE OIL PRODUCTS Jun 4 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 122.58 -3.5 WTI (Near Mth) 122.03 -2.3 Dubai (1 -Mth F) 118.83 -3.8 Tapis blend 130.65 -4.45 Minas 125.85 -4.65 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 120.05 158.20 -1.50 -3.6 USS/barrel
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Jun 5 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****V 04.09.08 1-Year BY*****N 04.05.09 0.88 1.03 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid His Day's igh Low 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • Article
      Lock icon PRECIOUS METALS
      173 23 Jun 5 GOLD (USS/oz) GOLD (USS/oz) Jun 04 Jun OS Hong Kong 878.00 873.00 879.00 874.00 Jun 04 Jun 03 London 880.10 880.90 881.10 882.10 Source: Reuters Jun 04 Jun OS GOLD BULLION COINS (SS) Selling Buying 1 oz 1347.13 1211 UBS GOLD LUNAR KINEBAR (SS) Selling Buying
      173 words
    • Article
      Lock icon SIBOR
      76 23 Jun 5 1 mth 2.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 2.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 2.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 2.***** 2yrs 2.***** 3yrs 3.***** 4yrs 3.***** 5yrs
      76 words
    • Article
      Lock icon PALM OIL
      64 23 JunS KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jun 08 3453 Jul 08 3415 Aug 08 3460 Sep 08 3495 Total o/p: ***** contracts 3514 3513 3422 3499 3511 3415 3528 3541 3435 3539 3553 3448 Turnover:
      64 words
    • Article
      Lock icon LONDON METALS
      69 23 Jun 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2830.80 2879.80 3 months 2875.00 2925.00 Copper, Grade A (US$/tonne) Cash 3 months 8023.00 7875.00 8034.00 7910.00 Lead (US$/tonne) Cash 1984.50 3 months 2001.00 2039.50 2055.50 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      82 23 Jun 4 (£/tonne) Close Prev Hii ih/Low Jul 08 1534 1534 1542/1526 Sep 08 1501 1505 1505/1493 Dec 08 1481 1487 1486/1476 Mar 09 1454 1459 1459/1451 COFFEE (USS/tonne) Close Pev High/Low Jul 08 2214 2228 2237/2186 Sep 08 2215 2224 2231/2187 Nov 08 2202 2216 2211/2180 Jan 09
      82 words
    • Article
      Lock icon BOND & WARRANTS
      4974 23 BOND WARRANTS rel Zode Com| Last Sale +orVol Conv Exer ('000) Ratio Price Disc Gear- Mths ing Left >am >058 Advance Modules Grp W*****3 >036 Advance SCT Ltd W*****9 #ArianeCorp LtdW*****9 )092 Asia Environment W*****4 1481 Asia Water Tech Ltd W*****0 3816 Asiasons Capital Ltd W*****7 3756 Asiatic Grp (H)
      4,974 words
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      2955 24 m The Business Times mm Shipping Times A W^ _PPP __l 11 WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R £^N UWjjjjSjjjjjjljjjm wkmmtfflfflTWvMfWrWßJM VTTr\ Willi ■■>■ M F TEL *****588 (I4LINES) FAX:*****163 ■CTTTIrT^PTiM WBBK-l-- ul|S3££&E V\\N 1 WAN HAI INpX G-*™* Service/Bookings Direct Une (1800) *****200 __^^^___^^J K*^^^^^^^2__U |SSn3jSIj(IKS9S!j3iSS|^BH _____CT.WI_SjWiWF!TTK I V
      2,955 words
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      3326 25 RICKMERS-LINIE to*******-****,-*. llTr\ EASTERN CAR LINER. LTD If§ £J®3S^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com I 111 Et 1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I iimci/iv cvnnrcc caii imp enucniii c USA Service I FT WbbKLY bXrnboo oAILINu oUnbUULb Vessel I Vov SIN I ALT I
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      5173 26 I II- J A MnCDCtSn Tel: 65-*****907 Fax: *****917 I mSm D IS D E H A^P£ R£El^ WM Mm «sssaffi fQ glory navigation group I R^lBHlllBllffPillHliiPiiliHii MMI Mi NORTH WEST EXPRESS LINE ®,£*m%k<*% «WS*l L^Q MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [lilts AtE aHIVM lIaIES SINCE 1970 SI
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  • executive lifestyle
    • Article
      Lock icon Even your mechanic won't be able to fix this
      565 27 WIHICH came first, the chicken or the egg? I don't know, but I bet the same logic could be applied to another question: Why wouldn't the ERP gantry deduct money from your cashcard? Is it because of the cashcard or the
      565 words
    • Article, Illustration
      Lock icon Media crossovers
      1219 27 Products that can be translated into any medium will shape the multimedia industry in the future, writes CHRISTOPHER LIM BOOKS turned into movies or vice versa are nothing new but these days, it goes way beyond that. Companies are consciously setting out to create products that are flexible
      1,219 words
    • ARTS
      • Article, Illustration
        Lock icon An illustrious gathering in contemporary art world
        1295 28 Artßasel is the meeting place for curators, museum directors and artists, reports EMI EU THIS week, the cognoscenti of the international art world gathered for the 39th edition of Artßasel, the biggest and most prestigious contemporary art fair in the world. The annual
        1,295 words
      • Article, Illustration
        Lock icon Giving Muscovites a glimpse of Singapore
        827 28  -  CHEAH UI-HOON By in Moscow THE late 17th century building is so dilapidated, with such a rusty, broken gate, that you wonder if you are at the right place. And you'll be a little reluctant about going in, in case you step on something
        MATIN TRAN  -  827 words
    • SINGAPORE ARTS FESTIVAL
      • Article, Illustration
        Lock icon Exploring time's subtle movement
        730 29 Transient Light Whispering Breeze combines light and sound into scientific art, writes CLARISSA TAN SO SUBTLE, you may miss it. And at first, you actually do. Stepping into the exhibition room of Transient Light Whispering Breeze, an art installation on the Atelier floor of the National
        730 words
      • Article, Illustration
        Lock icon Taking the audience on a journey of miscommunication and conflict
        443 29  -  UMA SHANKARI By NIBROLL'S no direction, which came to the Singapore Arts Festival touted to be a bold and arresting multimedia effort, lived up to its reputation on Wednesday and succeeded in provoking and challenging its audience. no direction is
        443 words
    • MUSIC
      • Article, Illustration
        Lock icon Paying homage to other performers gets in the way
        527 30  -  BEN MUNROE CD REVIEW Jason Mraz We Sing, We Dance, We Steal Things Atlantic Warner Rating: C By Would the real Jason Mraz please stand up? The 30-year-old singer from Virginia is back with his third studio album showcasing the eclectic
        527 words
      • Article, Illustration
        Lock icon Dulcet ambassadorial tones
        781 30 CHRISTOPHER LIM attends a private flute performance by a European diplomat IF you were invited to a flute performance by the Ambassador of the Republic of San Marino, you'd be understandably hesitant, and wonder if he was any good. Of course, this would be grossly misrepresenting the
        JOHNHENG  -  781 words
    • WINE/BOOK
      • Article, Illustration
        Lock icon Rediscovering Burgundy
        1678 31  -  ERIC ASIMOV -NYT Burgundy now has few bad wines among good producers and few bad vintages, writes [POMMARD, France] THE black clouds gathered last week over the Cote dOr, the slender 48 kilometre long swath that comprises the great vineyards of Burgundy. And for at least the fifth
        -NYT; BLOOMBERG  -  1,678 words
      • Article, Illustration
        Lock icon Journey into the Dalai Lama's mind
        603 31  -  CHUANG PECK MING The Open Road by Pico Iyer Alfred A Knopf 275 pages $43.95 Rating: B+ By COMING out just after the latest uprising led by Buddhist monks the worst in two decades against China's rule in Tibet, you would have thought The
        603 words
    • CLIPPER ROUND THE WORLD RACE
      • Article, Illustration
        Lock icon Pressure for points is on
        757 32 With only three of the 14 individual races remaining, the 570 miles to Halifax will be more like a sprint, writes VINCENT WEE SHORTLY after last week's report which stuck to the original scheduled arrival in New York it became clear that with the wind
        ONEDITION  -  757 words
      • Article, Illustration
        Lock icon Rising to the challenge and overcoming her fears
        676 32  -  VINCENT WEE By IT may seem ironic that a person who handles deals worth millions of dollars in her daily life, should be apprehensive about taking the helm of just a 68-foot sailing yacht, a mere boat compared with the huge ships
        Ml ONEDITION  -  676 words
    • CINEMA
      • Article, Illustration
        Lock icon Kung Fu Panda: A smashing good time
        638 33 It lampoons and celebrates the kung fu tradition at the same time, says LIM WEN JUIN THERE is good reason why the panda is the icon of wildlife conservation. Aside from the minimum prerequisite of its being endangered, it is just such an
        638 words
      • Article, Illustration
        Lock icon Don't get your hopes up on this Paris trip
        466 33  -  CHRISTOPHER LIM DVD REVIEW By FANS of Julie Delpy's Before Sunrise and Before Sunset movies will likely be hoping to revisit some of that magic in her latest outing, 2 Days In Paris. But while there's a fair bit to like
        466 words
    • PURSUITS
      • Article, Illustration
        Lock icon Hyped ninja game zeroes in on action
        895 34 Ninja Gaiden //'s producer Yoshifuru Okamoto gives CHRISTOPHER LIM an exclusive behind-the-scenes walk-through BLOCKBUSTER games exclusive to a particular computer game console often play a pivotal role in determining who has the lead in the console war among Microsoft, Sony and Nintendo. For
        895 words
  • Page 27 Miscellaneous
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      494 29 artBEAT Colouring psychological turmoil I FOR art lovers and I collectors who are I searching for I something bold, I provocative and I uninhibited, I Chinese artist Wu I Jianjun's first solo I exhibition in I Singapore will I showcase just that. I Displaying more I than 18 pieces of
      494 words
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      62 30 Be the talk of the town. kelvingiormam Luxury Sofas 4M Casalino I Kelvin Giormani A blend of renowned global expertise Hdfch Mi™^* 0 M ftBB W HILli =r-w K_^ i i J f k^s 5F '——r#J >^^>, Prad/// Pretoria// £m//« /so/a// HOMES Furniture Mall #02-22/23/24 Tel: *****833 IMM Building #03-30
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      116 31 Protect the environment. Save energy, water and money with Bosch high performance household appliances. H L ■it .Mr in ,v wii! flmar jy i m At Bosch, we are committed to high standards! In product tj^'% __3l_r,\^_r,*_Ll quality, customer satisfaction and in sustaining our natural vr~iy E_P^_r^_&^_*_n environment. Which is
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  • Page 31 Miscellaneous
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      349 31 CRYPTIC CROSSWORD ACROSS 6 Use force to get peace, we I How near David got to Golia- hear (5) th? (6,5) 7 Remainder of new rise now 9 A fight precedes the act, in owing (7) reverse order (5,4) 8 Doctor taking responsibility 10 Features about fifty mem- for death
      349 words
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      8 32 ■fa urn lib 'MB m /w mariTfbr>Mt#*.-i 7?T?«H^ItYW/j^w]ri«;fj»j^f;f/i>J;ifff»fJW^«l<^»/wj«)iywJ»f4WwW»wilJW
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      65 32 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by i^'i'Mi THE BUSINESS TIMES Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
      65 words
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      79 34 flj tHH|^^ ~~^iflßs'^ =:si If you travel the world --^^i^^B» --^r^ I V H\l Sf| 1 Nick Knight, fashion photographer. Always looking for perfection. I sddk &^W Ifi^tf J I He travels with the Samsonite Black Label Bayamo luxury collection. Ht *\m^ Ifll ll!y BEr Singapore Raffles Hotel Arcade Takashimaya
      79 words