The Business Times, 7 June 2008

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Microfilm: NL29385
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents w A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007
    20 words
  • Article, Illustration
    Lock icon 'Bus driver' who lived in Cairnhill Crest to pay his dues
    701 1  -  SIOW LI SEN Former JP Morgan banker spun lies to slash maintenance payments to ex-wife By [SINGAPORE] A high-flying banker based in Singapore tried to tell a UK court that he was too poor to afford maintenance payments for
    701 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      40 1 :rn iam ICOMP 1,248.57 +25.01 IIKKEI225 14,489.44 +148.32 IANG SENG 24,402.18 +146.89 ;et INDEX 817.33 +7.51 JAKARTA COM P 2,402.24 +2.56 IANILACOMP 2,739.70 +21.28 ;eoulcomp Closed ;henzhen B 551.87 -3.05 IUMBAI IND 15,572.18 -197.54 12NOONEDT Cham )OW 12,341.06 -263.39
      40 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.766 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 FOREX
      40 1 IS$ (S$ ler US$) 1.366 (US$/S$ per 1.955 2.670 ;URO (US$/S$/E) 1.559 2.130 'EN 106.00 77.60 3.259 2.386 N<$ 7.809 5.717 !AHT 33.10 24.24 lUPIAH 9,324 6,827 lENMINBI 6.923 5.069 INDIAN RUPEE 42.75 31.30 1.044 0.764 IZ$ 1.302 0.954
      40 words
  • Article, Illustration
    Lock icon Chips are down for Las Vegas as reality bites
    891 1  -  LEE U-WEN Gambling revenues fall, gaming stocks plunge but Asian casinos may weather the storm By [SINGAPORE] Las Vegas, the world's gambling and entertainment heaven, was supposed to be recessionproof. The ongoing sub-prime mortgage crisis and the broader economic slowdown have
    REUTERS  -  891 words
  • Page 1 Advertisements
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      3 1 8 *****1 *****4
      3 words
    • Advertisement
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      118 1 ink SM' -nY n^i&B Strategically located at One Orchard Boulevard, Camden Medical Centre is just minutes from Gleneagles Hospital, Mount Elizabeth Hospital and luxury hotels such as The Regent Singapore and Four Seasons Hotel Singapore. Designed by Pritzker Prize Laureate Richard Meier whose works include the Getty Museum in Los
      118 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      55 1 "^T~~ il MOTORING RAFFLES BE INSPIRED I I /_/55k 120iCabrio: A simply CONVERSATION Zap for daily inspiration, j— m^ B^WM~~~^ K^wF^- brilliant baby Beemer Brick by brick, Lego-style Win a pair of Zegna page 15 page 3 sunglasses! page 2 I Strictly P coffee gP*^i BACK PAGE Nine hills, one
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  • TOP STORIES
    • Article
      Lock icon US jobless rate in May hits 5.5%
      458 2 AP, Bloomberg LATEST US DATA Employers, worried about a sharp slowdown, clamp down on hiring [WASHINGTON] The US unemployment rate jumped to 5.5 per cent in May the biggest monthly rise since 1986 as nervous employers cut 49,000 jobs. The latest snapshot of
      – AP, Bloomberg  -  458 words
    • Article, Illustration
      Lock icon Wee family goes condo-shopping
      567 2  -  KALPANA RASHIWALA Its members pick up three units in Nassim Park Residences for $40m By [SINGAPORE] Members of the Wee family have bought three units at Nassim Park Residences near Botanic Gardens for a total of nearly $40 million, a filing by UOL Group to Singapore
      567 words
    • Article
      Lock icon PM Lee highlights JTC's new focus and priority
      497 2  -  EMILYN YAP By [SINGAPORE] Into its 40th year, JTC Corporation will be shifting its focus to industrial master-planning and strategic projects by selling assets in the flatted factories and business park segments, said Prime Minister Lee Hsien Loong at its anniversary dinner
      497 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Oculus shareholders want director to step down
        36 2 EYE-CARE company Oculus' new substantial shareholder Advance Assets Management and some minority shareholders have separately accused it of being too slow in appointing new directors. COMPANY NEWS, PAGE 4
        36 words
      • Article
        Lock icon KepFels, SembMarine unit secure new Seadrill orders
        65 2 SINGAPORE yards once again proved their dominance of the jack-up rig market, scoring close to US$l billion worth of orders from one client alone. Keppel Fels has secured a US$42O million contract to build two rigs for Seadrill while Sembcorp Marine unit PPL
        65 words
      • Article
        Lock icon Raffles Hotels makes its mark in MOSCOW
        50 2 RAFFLES Hotels Resorts yesterday signed a management contract to stamp its brand on a 130-room luxury hotel a stone's throw from Red Square and the Kremlin. Opening in 2011, Raffles Moscow will be housed in a mid-17th century building. SINGAPORE NEWS, PAGE 7
        50 words
      • Article
        Lock icon KL fuel price hike may hit grOWth: analyStS
        54 2 A MOVE by Malaysia to implement sweeping fuel price increases is likely to set off a negative chain reaction, curb economic growth and reduce corporate earnings, analysts said after the government's mid-week shocker o steep hikes in petrol, diesel, gas and power
        54 words
      • Article
        Lock icon Energy watchdog urges end to oil subsidies
        50 2 THE price of oil is "too high and is triggering an economic slowdown", according to Nobuo Tanaka, executive director of the International Energy Agency. He also called on Asian governments to scrap subsidies that are distorting the market. FOCUS ON ENERGY, PAGE 9
        50 words
      • Article
        Lock icon HK row over pay of staff hired to help senior ministers
        59 2 A STORM has erupted over the salaries and citizenship of people heading two new tiers of government in Hong Kong. Most of the eight appointees have bowed to pressure to relinquish foreign passports, and the government has been forced
        59 words
      • Article
        Lock icon Euro 2008 rivals Olympics in viewership
        44 2 FOOTBALL'S European Championship, a US$l.9 billion showcase of national teams, is challenging the Olympics to be the most watched sports tournament after the World Cup as fans gather around televisions from Caracas to Kuala Lumpur. ASIA-PACIFIC/WORLD, PAGE 12
        44 words
      • Article
        Lock icon Sovereign wealth fund study finds concerns overblown
        66 2 HEIGHTENED national security concerns over strategic investing by sovereign wealth funds appear to be overblown, a new study says. It found that the bulk of SWF investing appears to be aimed at furthering economic development at a host or allied country, not to
        66 words
  • Page 2 Advertisements
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      109 2 ZAP UJ r^n for daily inspirational quotes Brought to you by Ermenegildo Zegna Hear from established business gurus like Donald Trump, Warren Buffett, Richard Branson and the likes, and stay at the forefront of the business arena. Win a pair of Ermenegildo Zegna Sunglasses worth $600! To Zap: Via SMS
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      244 2 NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE PEOPLE'S REPUBLIC OF CHINA INDIABULLS PROPERTIES INVESTMENT TRUST (a business trust constituted on 7 May 2008 under the laws ot the Republic of Singapore and managed by Indiabulls Property Management Trustee Pte. Ltd.,
      244 words
  • Page 2 Miscellaneous
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Building on excellence brick by brick
      2560 3 Lego Group CEO Jorgen Vig Knudstorp talks to ANNA TEO about the family behind the business, and why he thinks that the company's colourful plastic interlocking building block can remain a hit over the next 50 years IN an age of Nintendo consoles and
      JOSEPH NAIR  -  2,560 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      97 3 Raffles 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
      97 words
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  • COMPANY NEWS
    • Article
      Lock icon Oculus shareholders want director to step down
      539 4  -  CHOW PENN NEE They are unhappy over an apparent delay in appointing new directors By EYE-CARE company Oculus' new substantial shareholder Advance Assets Management and some minority shareholders have separately accused it of being too slow in appointing new directors. BT understands that
      539 words
    • Article
      Lock icon SIA voted best managed company in S'pore
      225 4  -  WINSTON CHAI By SINGAPORE Airlines (SIA) has been ranked Singapore's best-managed company. The airline garnered 41 votes in a poll of 167 investors and analysts across Asia by financial website Finance Asia.com to land the title of "best-managed company" in the Republic. DBS
      225 words
    • Article
      Lock icon Heineken-APB sells stake in Jiangsu
      306 4  -  YEN SREENIVASAN By ASIA Pacific Breweries is quitting one of its four China ventures, citing differences of opinion with its Chinese partner. The mainboard listed company's unit in China, Heineken-APB (China) Pte Ltd (HAPBC), is selling its 49 per cent stake in Jiangsu DaFuHao Breweries
      306 words
    • Article, Illustration
      Lock icon China Auto Corp venture wins Audi deal
      467 4  -  CHARMIAN KOK By PLASTIC tooling and injec-tion-moulding group China Auto Corporation (CAC) and joint-venture partner Dr Schneider Kunststoffwerke GmbH (DS) have been awarded a five-year contract worth 25 million euros ($52.5 million) by Audi to produce air-vent plastic modules. It is the first
      ARTHUR LEE  -  467 words
    • Article, Illustration
      Lock icon Making it easy for firms to update market
      398 4  -  MICHELLE QUAH SGX to amend announcement templates By THE Singapore Exchange (SGX) is making changes to five of its announcement templates for listed companies, in a bid to make it easier for them to make disclosures to update the market. For example,
      398 words
    • Article, Illustration
      Lock icon Commodities, offshore in play as STI falls
      570 4  -  R SIVANITHY STOCKS LAST week's column suggested the strong likelihood that the Straits Times Index together with most other market indices had been window-dressed ahead of the end of the month. The events of this week suggest that that assessment may well have
      570 words
    • Article, Illustration
      Lock icon KepFels, SembMarine unit secure new Seadrill orders
      524 5  -  VINCENT WEE All four rigs, worth USsBsom combined, will be built to proprietary designs By SINGAPORE yards once again proved their dominance of the jack-up rig market, scoring close to US$l billion worth of orders from one client alone. Keppel Offshore and Marine
      524 words
    • Article
      Lock icon Yongnam secures 2 more deals worth $83m for Marina IR
      337 5  -  WINSTON CHAI By STRUCTURAL steel fabricator and engineer Yongnam Holdings has won two more sub-contracts totalling $83.35 million for the Marina Bay Sands integrated resort. The first deal is worth $41.35 million and was awarded by Penta-Ocean Construction. Yongnam will
      337 words
    • Article
      Lock icon Tiger ready to fill gaps left by Virgin Blue, Qantas/Jetstar
      494 5  -  YEN SREENIVASAN By TIGER Airways says it is waiting "with bated breath" to pounce on the routes abandoned by rivals Virgin Blue and Qantas/Jetstar. Tiger Airways CEO Tony Davis said his airline was ready to increase capacity on domestic and
      494 words
    • Article
      Lock icon SIA's forward load healthy
      268 5  -  CHEAH UI-HOON By in Moscow SINGAPORE Airlines (SIA) has a relatively healthy forward load, buoyed by Asian and European demand, says SIA chairman Stephen Lee. But it has seen a drop "a few percentage points" in the American market. "This is balanced by our North Asian,
      268 words
    • COMPANY BRIEFS
      • Article
        Lock icon OCBC sells RM6OOm bonds in M'sia
        110 5 Reuters OVERSEA-CHINESE Banking Corp yesterday said yesterday it has sold RM6OO million (*****.9 million) worth of tier 2 bonds in Malaysia. The lower tier 2 subordinated bonds have a 10-year maturity with a call option and coupon step-up after the fifth year. The bonds
        .- Reuters  -  110 words
      • Article
        Lock icon Dayen expects up to US$25m gain
        37 5 DAYEN Environmental clarified yesterday that its gain from the ATPK mining rights projects is up to US$25 million, and not US$25O million as it had stated in an earlier press release.
        37 words
      • Article
        Lock icon OSIM top brand in consumer survey
        85 5 OSIM International said it came up as the No 1 healthy lifestyle products brand in consumers' minds across Asia in a survey by international market research company Synovate. The survey was conducted in key cities in six places China, Hong Kong, Taiwan, Malaysia, Indonesia
        85 words
      • Article
        Lock icon Hyflux in legal suit with former staff
        67 5 A FORMER Hyflux employee has initiated legal action against the water treatment firm. Joe Giovanni Sarjeet Singh is taking Hyflux to court on matters relating to subsidiary Aquosus. Among other things, the employee is making claims over an entitlement of 5 per cent
        67 words
    • Article
      Lock icon Finance firms have to dangle more carrots now
      473 5  -  LEE U-WEN By FINANCIAL companies are offering top dollar to attract and retain the best employees, a survey has found. But dangling big bucks is no longer enough to make top talent stick around, according to a poll of 5,400 financial professionals
      473 words
  • Page 4 Advertisements
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      121 4 0 f k i i^ LAST [ff^Bßy 33 £5 riKli!/ srl colour code DI U m\'\w\M'\m pi>nili EUCO Bid Pricestartsfromss4'000 j Kj^jlQJU±i^lliili^LilUiS Bidding ends 11.59pm, 8 June 2008 s^/mJ^ h-wx d H |TM J HoWTWnTTHFnI s cnoAonno If you do not have Zap Code application, download the latest Color Cam™
      121 words
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  • Page 5 Advertisements
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      284 5 DISCOVER SECRETS HOW ORDINARY PEOPLE I I sports BEniNG Wlffl NO EXPERIENCE EARN $10.000 MOWTHUf WATCH all 31 g gHH| mg^^^gjlfg jffjj Euro Champ matches live 1 Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! at Sportsßuzz Paradiz! No need to quit your job. MONEY
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      956 6  -  CHOW PENN NEE Construction Sector CIMB-GK Research, June 6 SUBDUED residential property development: In our last sector update on April 4, we highlighted our growing concerns on construction companies that have become opportunistic developers. We maintain that view. Despite the large number of en-bloc sales in 2007, private
      956 words
    • Article, Illustration
      Lock icon Preference shares: are they to be preferred?
      1368 6  -  TEH HOOI LING SHOW ME THE MONEY PREFERENCE shares have been hitting the headlines lately. First there was DBS Bank's $1.5 billion issue which drew much flak for shutting out retail investors. OCBC Bank, on the other hand, decided to offer its $1
      I BLOOMBERG  -  1,368 words
    • Article
      Lock icon Just as good?
      83 6 A selection ot high-yielding stocks sel TOTAL DIVIDEND YESTERDAY'S LASTFY SHARE PRICE (CENTS) (CENTS) DIVIDEND YIELD Vicom* 18.25 187 9.76 SPC 60 648 9.26 Cerebos Pacific 25 384 6.51 Singapore Food Industries 5 79 SIA 100 1582 6.33 6.32 ComfortDelGro 10.15 163 6.23 SPH 26 431 6.03
      83 words
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  • SINGAPORE NEWS
    • Article
      Lock icon JP Morgan boosts commodity business in Asia
      327 7  -  SIOW LI SEN By JP MORGAN is boosting its Asia commodities business by taking on a dozen new senior people for the Singapore office. Last month JP Morgan said it had hired Oral W Dawe to be chief executive of Asia Pacific commodities
      327 words
    • Article, Illustration
      Lock icon Russia – it's now up to the private sector
      611 7  - Russia it's now up to the private sector CHEAH UI-HOON By in Moscow NOW that the Singapore government has built links with the Russian government, it is for the private sector to decide for itself whether to venture into business in Russia, Minister Mentor Lee Kuan Yew said here yesterday.
      THE STRAITS TIMES  -  611 words
    • Article, Illustration
      Lock icon Raffles Hotels makes its mark in Moscow
      360 7  -  CHEAH UI-HOON The company has inked a deal to manage a 130-room luxury hotel By in Moscow RAFFLES Hotels Resorts yesterday signed a management contract to stamp its brand on a 130-room luxury hotel a stone's throw from Red Square and the Kremlin.
      360 words
    • Article
      Lock icon Ong Keng Yong made director of Institute of Policy Studies
      277 7  -  LIM WEN JUIN By FORMER Asean secretarygeneral Ong Keng Yong has been appointed director of the Institute of Policy Studies (IPS). His appointment will take effect from Monday. The post has not been filled since Professor Tommy Koh vacated it
      277 words
    • Article
      Lock icon More women feel well-paid: survey
      545 7  -  JOYCE HOOI By WOMEN in Singapore are finding out that money and power do not necessarily go together. According to the latest survey by MasterCard, while more women here believe that they are paid more than the median salary, they are not as upbeat about
      545 words
    • Article, Illustration
      Lock icon Local lawyer helps out in medical mission to China
      396 7  -  MICHELLE QUAH By SINGAPORE corporate lawyer Stefanie Yuen Thio sets aside a considerable portion of her firm's partnership profits and her own funds for charity. Recently, she took her charitable works a step further by taking part in a medical mission
      396 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon George Yeo begins Indonesian visit
        77 7 MINISTER for Foreign Affairs George Yeo will begin his two-day visit to Karimun, Indonesia, from today. He is accompanied by 85 grassroots leaders from the Bedok ReservoirPunggol Division of the Aljunied GRC and their family members. They will be hosted to lunch by Ismeth Abdullan,
        77 words
      • Article
        Lock icon S'pore, Malaysia to set up technical panel
        91 7 SINGAPOREAN and Malaysian authorities have agreed to set up a technical sub-committee to oversee joint survey works on Pedra Branca, Middle Rocks and South Ledge. The decision, which will set the stage for future maritime talks, resulted from a meeting between the two
        91 words
    • Article
      Lock icon Murdoch Uni unveils $1m S'pore campus
      351 7  -  LEE U-WEN By AUSTRALIA'S Murdoch University has opened a $1 million international study centre in the heart of Singapore's Central Business District. Located at the Singapore Manufacturers' Federation (SMa) School of Management campus in North Bridge Road, the six-storey facility will offer students almost
      351 words
    • Article
      Lock icon IE S'pore to sell off unit
      220 7  -  NISHA RAMCHANDANI By INTERNATIONAL Enterprise (IE) Singapore yesterday proposed plans to divest its entire interest in Singapore Information Services Pte Ltd (INSIS) through its wholly owned subsidiary, IE Singapore Holdings Pte Ltd (lEH). lEH holds 100 per cent of INSIS' issued share capital. INSIS
      220 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia firm on fuel price rise
      450 8 -Reuters [KUALA LUMPUR] Malaysia's ruling coalition yesterday rejected calls to reconsider a sharp rise in petrol and diesel prices as barely half-a-dozen people turned out for an Oppositionbacked protest in the capital. Prime Minister Abdullah Ahmad Badawi's party met yesterday seeking to weather criticism
      -Reuters; AP  -  450 words
    • Article
      Lock icon BURSA MALAYSIA
      2246 8 Iun6 RM ('000) A&M Realty 0.58 AbricBhd 0.13 Advance Synergy 0.11 Adventa Bhd 1.19 AeMuIti Hldgs 0.21 Win Holdings 2.04 Ahmad Zaki Resou 0.81 Aic Corp 0.52 Bhd 0.93 Akn Technology 0.46 Alliance Financi 2.96 Aluminium Co 1.03 Amalgamated Ind 0.56 \mmb Hldgs Bhd 3.64 Amtel Holdings 0.72
      2,246 words
    • Article
      Lock icon KL fuel price hike may hit growth: analysts
      572 8  -  PAULINE NG Move necessary, but in near term it could affect economy and corporate earnings By in Kuala Lumpur A MOVE by Malaysia to implement sweeping fuel price increases is likely to set off a negative chain reaction, curb economic growth and
      572 words
    • Article
      Lock icon M'sia makes it to World Bank list
      135 8 Bernama [JEDDAH] Malaysia and Saudi Arabia are the only Islamic Development Bank (IDB) members listed among the top 25 of the "Doing Business" ranking in 2007. The ranking is produced by the International Finance Corporation and the World Bank. "Over the last five
      – Bernama  -  135 words
    • Article
      Lock icon Indonesian panel agrees to pass Islamic banking bill
      464 8 Reuters [JAKARTA] An Indonesian parliamentary working committee agreed to pass a new bill on syariah or Islamic banking into law, a legislator said on Thursday, which would encourage growth of the country's Islamic finance sector. Under the existing scheme, the parliament will
      Reuters  -  464 words
    • Article
      Lock icon KL moves to cut back on foreign workforce
      285 8 -AFP Plantations, mfg to see nearly 50% reduction by 2010 [KUALA LUMPUR] Malaysia plans to almost halve the number of foreigners working in the plantation and manufacturing sectors by 2010 by reducing its yearly foreign intake by 400,000, a report said yesterday.
      -AFP  -  285 words
    • BRIEFLY ASIA
      • Article
        Lock icon Anil Ambani group eyeing SpiceJet
        67 8 Reuters [MUMBAI] India's Anil Dhirubhai Ambani group has begun talks to buy low-cost carrier Spice Jet, the Mint daily reported yesterday. Kingfisher Airlines and Jet Airways are also in the race to buy Spice Jet. The Indian airline industry, estimated to have made losses of
        – Reuters  -  67 words
      • Article
        Lock icon Help for quake-hit firms to raise funds
        57 8 Bloomberg [BEIJING] China's securities regulator will make it easier for companies affected by the May 12 earthquake to raise funds to help them restore production capacity. The China Securities Regulatory Commission said it will give "special treatment for special cases" to help qualified
        – Bloomberg  -  57 words
      • Article
        Lock icon China's Focus Media posts Q1 loss
        50 8 Bloomberg [SHANGHAI] Focus Media Holding, China's biggest publicly traded advertising company, posted a first-quarter loss on spending to install displays that show ads in more stores and office buildings. The net loss of US$53.B million compared with profit of US$l6.3 million a year earlier
        – Bloomberg  -  50 words
      • Article
        Lock icon Indian minister meets China vice-president
        45 8 Xinhua [BEIJING] Chinese Vice-President Xi Jinping held a meeting with Indian Minister of External Affairs Pranab Mukherjee here yesterday, during which they vowed to strengthen their strategic ties. He said China was satisfied with the development of relations with India.
        Xinhua  -  45 words
      • Article
        Lock icon Petronas to cut subsidy on gas
        73 8 Reuters [KUALA LUMPUR] Malaysia's Petronas will lower its multi-billion dollar gas bill by cutting the amount of subsidy it provides on gas sales every year up to 2022, local media said. The state oil firm, which buys gas at market rates and sells to
        Reuters  -  73 words
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  • FOCUS: ENERGY
    • Article
      Lock icon Energy watchdog urges end to oil subsidies
      636 9  -  ANTHONY ROWLEY Fuel grants by Asian govts keeping prices at unsustainable levels: lEA chief By in Tokyo THE price of oil is "too high and is triggering an economic slowdown" the executive director of the International Energy Agency (lEA) said yesterday in Tokyo.
      636 words
    • Article, Illustration
      Lock icon Is biofuel quest fuelling the food crisis?
      414 9 [ROME] Biofuel villain or potential saviour of the climate? Once hailed as the ultimate green fuel, biofuel has become the centre of a heated debate at the UN food price crisis in Rome, with many arguing that it is the root cause behind
      AP  -  414 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8457 9 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.243/ AIGIF Spore Bond Fund/ A 1.33/ 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 0.9756/ APS Komaba
      8,457 words
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  • GREATER CHINA
    • Article
      Lock icon HK row over pay of staff hired to help senior ministers
      495 10  -  JANE MOIR Lawmakers also object to appointees having the right of abode overseas By in Hong Kong A STORM has erupted over the salaries and citizenship of people heading two new tiers of government in Hong Kong. The new
      495 words
    • Article
      Lock icon Sinosteel ups Midwest stake to 40%
      155 10 Bloomberg [MELBOURNE] Sinosteel, battling Murchison Metals for control of Midwest, increased its stake in the Australian iron ore producer to 40.1 per cent, four times the size of its competitor's holding. Sinosteel, China's second-largest iron ore trader, owns 80.5 million shares in Midwest, the
      – Bloomberg  -  155 words
    • Article, Illustration
      Lock icon Macau casinos urged to target mass market
      359 10 Blooomberg [MACAU] Macau's casino industry, which surpassed the Las Vegas Strip in gaming revenue in 2006, should lure more mass-market tourists instead of relying on high rollers from China, analysts and industry officials said. The former Portuguese colony, the only place in China
      Blooomberg; REUTERS  -  359 words
    • Article
      Lock icon SGX MAINBOARD
      8686 10 Transaction date: Jun 6 52-wks Tel |h Low Code Last Sale Vol ('000) Hi I Day Last Quote Div Gr Yld |h Low Buyer Seller C'vr Net P/E M Cap Smil C01 5716 1st Software 22 6.5 3148 STelecom 8.5 8.5 5834 A-Sonic 110 100 6389 ABF SG
      8,686 words
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  • INDIA
    • Article, Illustration
      Lock icon Higher farm output to curb inflation
      504 11 Reuters Central bank plays down chances of interest rate hike [NEW DELHI] India's central bank governor Yaga Venugopal Reddy said prospects of higher farm output and curbs on food exports will help contain inflation, playing down chances of an interest rate increase. "Indication of
      Reuters  -  504 words
    • Article
      Lock icon Govt plans cost-cutting steps to save 60b rupees
      220 11 Bloomberg [NEW DELHI] India's government proposes to save as much as 60 billion rupees (Ssl.9 billion) by cutting spending on administrative expenses and foreign travel by ministers and top bureaucrats as part of a cost-saving exercise. All ministries are advised to cut
      – Bloomberg  -  220 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        64 11 ChinaTaisan 70,932,000 Golden Ai iri 36,590,000 Sin. iTel 24,150,000 Jade Tech 21,844,000 Gent Intl 21,029,000 DBS DB eCW*****3 19,525,000 Abterra 18,695,000 China Hon. ixiri' 1 6,987,000 Mercator 16,346,000 Oceanus 16,005,000 Clob DBS Gr| 170,244,740 Kei I Con 110,162,940 UOB 105,638, ,420 Sin iTel 89,547,010 S I A
        64 words
      • Article
        Lock icon RISES
        111 11 BY CENTS CLOSE UP GLD 10US$ 8706 152.9 1.3 JMH 3300 131.1 3.0 OCBCBk4.5%NCPS 100 ***** 58.0 0.6 China H 10US$ 1748 30.0 1.3 DBS MBL JCW*****0 630 19.0 3.1 Kei Con 1204 18.0 1.5 UIC 316 18.0 6.0 ir Cmdt' 10US$ 416 16.4 3.0 Shan iriLa Asia 2275
        111 words
      • Article
        Lock icon FALLS
        114 11 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN OCBCCai .93%Pref10 9800-180.0 -I.i Jardine C&C 1716 -28.0 -1.6 S I A 1576 -14.0 -0.9 Lun Kee 80 -12.0 -13.0 SIA200 1578 -10.0 -0.6 UOB MBUCW*****0 612 -10.0 -1.6 STI 3200BNPePW*****7 19.5 -9.0
        114 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      81 11 Up Down Unch 8 6 2 Up Down Unch OOP Up Down Unch 8 6 2 Multi Ind Manufacturing 49 57 77 11 15 53 68 92 Commerce 14 23 27 16 25 33 )t/Stor/Comms 15 15 15 17 10 Finance 13 13 Construction Prot 16 12
      81 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 11 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 30,995 30,995 138,632 138,632 Manufacturini 277,190 39,389 316,579 231,387 6,293 237,680 Commerce 62,371 16,774 79,145 66, 128 6,204 72,332 )t/Stor/Comms 78,300 3,736 82,036 224,734 1,515 226,248 Finance 27,270 27,270 359,139 359,139 Construction 20,198 16,216 36,414
      124 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      43 11 Stock name Close Chani CapitaLand 6.310 -0.050 lapTI rev" .osco .orp irp iefvl Ian fine" _orp ippel .am irp Stock name Close Chan; 01am 2.730 -0.030 ■ngg Jerfil .orp Jerfil IaT >mg lai leverage I mar angzijiang 'aril tori
      43 words
    • Article
      Lock icon BONDS & WARRANTS
      1292 11 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left 1912 Baker Tech W*****3 26 5 10 1 3 36 lOHCapitaland BNP ECW*****8 26.5 1 155 0.1 493 19 !803Capitaland BNP EPW*****4 11 -1 200 0.1 681 6 1631 Capitaland DB
      1,292 words
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      Lock icon SGX CATALIST
      2154 11 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
      2,154 words
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      Lock icon SGX XTRANET
      74 11 52-Wk Tel High Low Code Last Sale Vol ('000) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|< 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      74 words
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      Lock icon CLOB INTERNATIONAL
      77 11 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Corn] >an< Hii 136.6 60 6000 AVJennings 21.5 4 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A60 A4 IIS21 IIK233 -1.5 -1
      77 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Euro 2008 rivals Olympics in viewership
      562 12 Bloomberg It is set to become the world's fastest-growing sports tournament [SINGAPORE] FootbaU's European Championship, a US$l.9 billion showcase of national teams, is challenging the Olympics to be the most watched sports tournament after the World Cup as fans gather around televisions from Caracas
      – Bloomberg; REUTERS  -  562 words
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      Lock icon Asian rice prices stabilising as harvests boost supplies
      576 12 Bloomberg [HONG KONG, BANGKOK] The price of rice in Asia, the region's most important food, is starting to stabilise as producers harvest the first crops of the year, boosting supplies, Philippine Agriculture Secretary Arthur Yap said. "There are harvests coming out," Mr
      Bloomberg; i BLOOMBERG  -  576 words
    • Article
      Lock icon GIC to subscribe fully to ÜBS rights issue
      318 12 Reuters [SINGAPORE] The Government of Singapore Investment Corp (GIC), one of the world's biggest sovereign wealth funds, will fully subscribe to ÜBS AG's rights issue as the Swiss bank seeks to repair its battered balance sheet. A GIC spokeswoman declined to provide
      – Reuters  -  318 words
    • Article
      Lock icon France Telecom in USs42b offer for TeliaSonera
      457 12 -NYT [BEßLlN] A multibillion-dol-lar telecommunications merger was announced on Thursday, reflecting a trend for mobile phone operators to consolidate in their own, crowded backyards while they scout for growth in emerging economies. France Telecom offered on Thursday to buy TeliaSonera, a Swedish-Finnish telecommunications
      -NYT  -  457 words
    • Article
      Lock icon HSBC, StanChart among BankThai suitors
      278 12 Reuters, Bloomberg [BANGKOK] Britain's HSBC Holdings and Standard Chartered Bank are among five banks interested in buying a 42 per cent stake in Thailand's Bank Thai, financial sources said yesterday. The sale of the stake, held by a unit of the Bank of Thailand, was
      – Reuters, Bloomberg  -  278 words
    • Article
      Lock icon Sovereign wealth fund study finds concerns overblown
      474 13 Reuters Most SWF investing not meant to acquire sensitive assets to further political aims [NEW YORK] Heightened national security concerns over strategic investing by sovereign wealth funds (SWFs) appear to be overblown, a new study released yesterday found. The study, conducted by consulting
      – Reuters  -  474 words
    • Article
      Lock icon Oil-rich nations, emerging markets lift tech industry
      360 13 Reuters [TAIPEI] Spending on information technology is set to rise despite a US-led economic slowdown, as oil-rich regions, such as Russia and the Middle East spend their petrodollars on large-scale IT projects. The rising popularity of low-cost, ultra portable laptops in emerging markets
      – Reuters  -  360 words
    • Article
      Lock icon Bailouts raise risk of future crises, Fed official warns
      767 13 o Bloomberg, Reuters He wants clear rules set for aiding financial markets [WASHINGTON] Richmond Federal Reserve Bank president Jeffrey Lacker, challenging chairman Ben S Bernanke's unprecedented actions to stem a financial panic, warned that lending to securities firms raises the risk
      o – Bloomberg, Reuters  -  767 words
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      Lock icon Summit pledges to raise farm production, lower trade barriers
      404 13 -AP [ROME] World leaders at a UN summit pledged on Thursday to reduce trade barriers and boost agricultural production to combat a food crisis that is spreading hunger and violent unrest across much of the globe. After three days of wrangling,
      -AP; BLOOMBERG  -  404 words
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      Lock icon Lehman may raise US$5b of capital: source
      408 13 Bloomberg, Reuters [LONDON] Lehman Brothers Holdings, the fourthlargest US securities firm, may raise as much as US$5 billion in capital by early next week, a person with knowledge of the matter said. Lehman executives are talking to at least one state pension fund
      Bloomberg, Reuters; REUTERS  -  408 words
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      49 12 to I I <y ilf.l W Jk |fc. I.VL WX A I 1 4t 11 Ail IfrS •IVI Sbift pxar as©efn rm© dn«oii% gfd^®? paraif). tofey prmlßß dim Irfi fill I*ll fei f: f I?? vii BBBBH Ife I #01-06 National Museum of Singapore $5 Stamford Road Singapore *****7
      49 words
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  • Page 13 Advertisements
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      42 13 Lianhe Zaobao g'-'va CT6OF6S <»pi\/5 TnixA/nn^iP OVJyO lUIWUMCOC HfflßfflS Z3 theuiluins.an[)theiii I 1/ A Ii MEET THE SMAHHES FROM UHlau, Iff f J* MARKWftHLBEBG DISHES ON HE fIBHA^ I II 111 II I k#«Mg;fei LATESTAPOCALVPnCTHmLLEIj TEbUIBvIbC) IW^P^^^^^^ M H M 11J sPHmagazmes
      42 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon One reason to rule them all
      710 14 Juxtaposing evocative sketches with lush Elvish strains transports Tolkien fans into wondrous Middle Earth, says CHRISTOPHER LIM ORK fatigue is often an obstacle to enjoying concerts on weekday nights. That's when the little details start to make a difference, like video presentations to accompany
      710 words
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      Lock icon Peace, freedom and a turbulent state
      474 14  -  BEN MUNROE By AUDIENCES at Nine Hills One Valley this weekend can expect a symbolic dance-based performance that uses traditional movement styles to explore modern problems such as terrorism and a neglect of culture. The title of the performance refers to the geographical origin
      474 words
    • Article
      Lock icon Taking local dance to new, bold levels
      383 14  -  UMA SHANKARI By AFTER three works from foreign companies, the dance programming at this year's Singapore Arts Festival finally gets local with the third edition of Forward Moves, which presents three short pieces from three female Singaporean contemporary choreographers. The women Joavien Ng,
      383 words
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      153 14 a"4"f ■"■I ■"■"■"k^B' ~°^^^r 9 www.hardwawlla9.com I I l^_^a^aH A A. I SHOOTOUT a^A T^^^ 11** 1 I (entrylevel■ H^v- .^lVqiMa^ Idslrsl TT^I r 4 r^ATTI L^^^Cf a^L^B.^l L^ft,a^fl^ PROFESSIONAL GEAR k I f a^l x^B B H9^_H /l^'li I FORNOTMUCH V 4 B 1 1 fl '■l-:" il y-j^
      153 words
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  • MOTORING
    • Article, Illustration
      Lock icon Sizzling senior-citizen, off-track action
      500 15  -  SAMUEL EE F1 WATCH While one loses control of a fancy sports car, the other retains control of a governing body despite his raunchiness By IF THERE'S any truth in the saying "The apple doesn't fall far from the tree", then there is a possibility that
      AFP  -  500 words
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      Lock icon A cool number
      625 15 The BMW 1-Series Cabriolet is a brilliant package with both style and substance, says SAMUEL EE JUST when you thought all BMWs were getting bigger and heavier, the German luxury carmaker whips out its latest lifestyle model: the compact 1-Series Cabriolet. The 120 i Cabriolet is the
      625 words
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      Lock icon French flair
      491 15 SAMUEL EE drives two very different French hatchbacks THE number 308 is for all intents and purposes a magical one. It is, after all, one that is closely associated with an achingly beautiful Ferrari from the mid--*****. With such special connotations, it would seem almost certain that the
      491 words
    • Article, Illustration
      Lock icon Small is not always beautiful
      411 15 FOR an idea of why small Japanese hatchbacks outsell the European competition here, look no further than the Renault Clio. The Clio 111 is the third-generation of the five-door mini from the French manufacturer. The model was launched three years ago but is only being
      411 words
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  • GOLF
    • Article, Illustration
      Lock icon Merits of a varsity stint in the US
      1572 16 Such programmes give young golfers time to study and practise as well as compete in top inter-collegiate meets like the NCAA finals, reports JUSTINE MOSS YOUNG golfers with serious aspirations about a future in professional golf might consider a four-year stint at
      1,572 words
  • Page 16 Advertisements
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      685 16 wine&dine with weekendßT Mezeßar Spring's characteristic candour. Discover Chef Michael For reservations, please call 6845 1111. Sausages with Emmentaler Cheese Cupcake, Thyme and Muller's elegant expression of this vivacious season Camembert Cheese Cupcake and more. For takeaway 333 Orchard Road, Mentus Mandarin Singapore, c T1 „„j„,,. „i„„.„ ,„m co-ie oooi
      685 words
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  • WELLNESS
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      Lock icon Supplements with a difference
      853 17 Northridge Laboratories is creating multi-faceted herbal combinations which attack health-related issues from many different sides, report CHEAH UI-HOON and DANNY TAN THE herbal supplement industry is no longer just about taking ginseng alone, or just Vitamin C. If there isn't already a product out there such
      JOHN HENG  -  853 words
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      Lock icon Tackling the cause of ageing skin
      652 17  -  LIM SIO HUI By WHEN Diana Howard turned 50, she took the signs of visible ageing on her skin quite seriously. The vice-president of technical development at skincare brand Dermalogica and postgraduate academy The International Dermal Institute wanted to create skincare products for her
      652 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      289 17 CRYPTIC CROSSWORD I^^H I ACROSS 5 They're counted to be well I Sun with dire rubbish coy- off (9) ered (7) 6 Roman god? (4) 5 Flipping fell on young lady 7 I learn to translate Chinese, here! (7) perhaps (8) 9 Criminal kills heartless 8 Darling, say. One seen
      289 words
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  • SHOPPING/FOOD
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      Lock icon Making quality products that last
      935 18 Miele's obsession with perfection and its insistence on user-friendly products have made its appliances much sought after by the well-heeled. CORINNE KERK reports NSTEAD of the buzz you typically associate with factories, the one which makes Miele's ovens in Oelde, Germany, seems to be moving
      935 words
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      Lock icon Professional cookware in your kitchen
      447 18 By CORINNE KERK AIMING to bring professional cooking equipment into the home, Miele will launch its new products here in about two months' time. Prices aren't available yet, but as a guide, Miele's current products start from about $400 for a vacuum cleaner and go
      447 words
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      Lock icon A slice of Italian Caffe culture
      870 18  -  JAIME EE By WHEN Wing Tai Retail's executive director Helen Khoo first came across Cova Pasticceria in Milan, she thought little of it beyond its attraction as an iconic coffee and pastry shop in the heart of the city's designer shopping street of Via
      JOHN HENG  -  870 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Facets of an uncut Italian diamond
      1310 19 GOH HWEE LENG explores some of the wonderful small towns scattered along the coasts and the hinterland of Puglia in the south of the country IKE the shy twin slowly emerging out of the shadows of a more outgoing sibling, Puglia on the east
      PHOTOS: GOH HWEE LENG  -  1,310 words
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      Lock icon Facelift for an ancient-looking area
      304 19  -  GOH HWEE LENG By THE town of Matera is not in Puglia but in the next region Basilicata. Yet most tourists who visit Puglia tend to include Matera in their itinerary because of its proximity. Located 401 metres above sea level, it sits on one
      304 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Strictly coffee
      1755 20  -  GEOFFREY EU CHRISTOPHER LIM GEOFFREY EU Coffee culture in Singapore has evolved to a stage where discerning drinkers look for gourmet blends and appreciate coffee-making as an art. But you will need more than quality beans from Ethiopia and a high-end espresso machine to achieve the ultimate cup
      PHOTOS: JOHN HENG  -  1,755 words
  • Page 20 Miscellaneous