The Business Times, 16 June 2008

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL29386
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Monday, June 16,2008
    21 words
  • Article
    Lock icon Wall Street braces for more turbulence
    827 1  -  ANDREW MARKS Fed's stance this week will be closely watched; storm gathers at Lehman in New York LAST week saw no shortage of action in the US equity markets and most of it was bad, as stocks were whipsawed by fluctuating oil prices and
    827 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      49 1 Weekly 2,979.56 hange -167.17 iT Index 1COMP 1,229.35 -19.22 MKKEI 225 13,973.73 -515.71 IANG SENG 22,592.30 -1809.88 ;et index 782.64 -34.69 IAKARTACOMP 2,398.42 -3.82 1ANILA COMP 2,554.75 -184.95 ;eoulcomp 1,747.35 -84.96 ;henzhenb 506.90 -44.97 IUMBAI IND 15,189.62 -382.56 )OW 12,307.35 +97.54 IASDAQ 2,454.50 -20.06 ;&P 500 1,360.03 -0.65
      49 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.772 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.84 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per 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 IK$ 7.809 5.717 !AHT 33.10 24.24 1UPIAH 9,324 6,827 lENMINBI 6.923 5.069 INDIAN RUPEE 42.75 31.30 1.044 0.764
      37 words
  • Article, Illustration
    Lock icon S'pore oil trade shrinks on wild price swings
    698 1  -  RONNIE LIM Credit crunch makes matters worse; some houses even halt operations [SINGAPORE] Oil traders in Singapore are hurting, with some houses even being forced to cease operations. On the one hand, they are being hit by the huge swings in oil
    AFP  -  698 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      3 1 8 *****1 *****4
      3 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      130 1 CORPORATE INVESTMENT BANKING ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS Complex challenges demand innovative solutions. Best Cash Management Specialist 1 Best International Trade Finance Bank 2 Top Rated Custodian for Emerging Markets 3 mf "^H I A Passion to Perform. Deutsche Bank l^A For more information: www.db.com. 1 Asia
      130 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      75 1 BizlT VIEWS FROM THE TOP G-8 MEETING BE INSPIRED i Hitachi Data Systems CEOs on what they look Finance ministers identify Zap for daily inspiration. hits 51% growth I^U for in the next US president their top enemy WinapairofZegna Pa PAGE 28 PAGES 10 11 PAGE 16 SUllglaSSes! PAGE 7
      75 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Global IPO market still solid, thanks to BRIC
      787 2  -  MICHELLE QUAH Ernst Young report says Brazil, Russia, India, China will pick up slack [SINGAPORE] Despite market volatility and the credit crunch caused by the US sub-prime crisis last year, global initial public offering (IPO) markets continued to see a healthy flow
      AFP; : Dealogic,Thomson Financial, Ernst &Young  -  787 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Westcomb redefines its IPO maths
        49 2 WESTCOMB Financial Group is no longer chasing the numbers game. Once prolific in the number of IPOs it brings to the market before losing ground two years ago, it now wants to cherry-pick companies with good growth prospects and profitability. COMPANY NEWS, PAGE 7
        49 words
      • Article
        Lock icon China Flexible Q2 profit slumps 84% to 7m yuan
        59 2 CHINA Flexible Packaging, a packaging-material manufacturer, said net profit slumped 84 per cent to 7.06 million yuan (551.41 million) for its second quarter to April 30 on poor demand due to the February snowstorms in southern China. Revenue fell 43.4 per
        59 words
      • Article
        Lock icon Singapore law firms boost tax practices
        47 2 DRIVEN by the growth of the wealth management business, and transactions requiring more complex tax advisory, Singapore law firms are expanding their tax practices. Lawyers also note the increasing trend of using litigation for resolving tax disputes. SINGAPORE NEWS, PAGE 14
        47 words
      • Article
        Lock icon US downturn may stretch, says Paulson
        68 2 SOARING oil prices could prolong a US economic downturn triggered by a housing market slump and credit crisis, Treasury Secretary Henry Paulson warned on Saturday. Speaking after a meeting of Group of Eight (G-8) finance ministers, he repeated that he backed a strong dollar
        68 words
      • Article
        Lock icon Abdullah running for Umno leadership in December
        51 2 MALAYSIAN Prime Minister Abdullah Ahmad Badawi said yesterday that he would run for the party presidency in year-end elections, brushing off speculation that he could soon hand over power to his deputy. "I am not retiring before December," he told reporters. MALAYSIA/INDONESIA, PAGE
        51 words
      • Article
        Lock icon No cutting back on growth plans, says AirAsia boss
        65 2 AIRASIA, the region's largest low-cost carrier, said yesterday that, despite surging fuel prices, it would not scale back growth plans but press ahead with ambitious route expansion. As long as we can make a profit from our operations, we will not
        65 words
      • Article
        Lock icon Asia told to take lead in solving global crises
        64 2 GLOBAL financial institutions are proving to be impotent in dealing with crises such as food and fuel prices, and it is up to Asia as the emerging centre of world power to take the lead in finding solutions, business leaders said
        64 words
      • Article
        Lock icon US airline industry heading towards catastrophe: study
        64 2 THE US airline industry is set to crash as record oil prices threaten to push several carriers into bankruptcy, said a study issued by Airline Forecasts and the Business Travel Coalition. "As a consequence of the skyrocketing price of oil, the US commercial
        64 words
    • Article
      Lock icon Asia-Pacific CEOs walk the talk
      589 2  -  CHUANG PECK MING They are ahead of their peers on corporate social responsibility [SINGAPORE] Chief executives elsewhere talk more about it, but those in the Asia-Pacific region act more on it. We are talking of corporate social responsibility (CSR), a relatively new concept that embraces
      589 words
    • Article, Illustration
      Lock icon A mixed inheritance
      371 2  -  EDWARD HADAS breakingviews.com in London WHEN SG Warburg was taken over by Swiss Bank Corporation in 1995, the UK investment bank had been weakened by a poorly managed expansion in the US, but boasted long-es-tablished leadership in European equities research and sales. It seems that some things
      REUTERS  -  371 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      242 2 LUXURY TOURS TRAVEL PTE LTD vjr'fffUßMh^. The Leading Operator f ■■lUjjL'Jjfc'^p) Established since 1985 100 Orchard Rd, #02-46 Meridien Shopping Centre Exclusive Coach Singapore *****0 Email: luxturesingnet.com.sg Subsidiary; LUXURY COACH SERVICE Website" Www iLJXUrVCOm SO Member of NATAS 40 coaches available for charter Singapore Malaysia IwjpT jib S^ml Bm Seeter
      242 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      151 3 H9 M Ifl I^^si|M P« P'^S K'fe Urf W-M Last year, 12 countries had double-digit GDP growth. How many can you name? Or better yet, invest in? Perhaps it's time you had a Gold Conversation. As a Citigold client, you can draw upon our client advisory group, industrybest research and
      151 words
Page thumbnail Page 4
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Price swings to continue amid inflation worries
      591 4  -  CONRAD TAN STOCKS INFLATION worries will continue to weigh heavily on stocks this week, with news on possible monetary tightening measures by central banks likely to add volatility to an already-vul-nerable and thinly traded market. The Straits Times Index (STI) fell 40.59 points
      591 words
    • Article
      Lock icon Crude slides as investors take profit from recent highs
      522 4 AFP COMMODITIES [LONDON] World oil prices fell sharply during the past week in turbulent trade as commodity investors tracked the strengthening dollar and took profits after crude's recent record-breaking run. The market was also dampened as details emerged about a meeting
      AFP  -  522 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      611 4 Legends US$; Rmb; HK$; A$; Pound; Rupiah; Yen; (SS) Euro; Baht; RM; (See) Peso; Rs; NTS; (aa) Final Interest Income; (ab) Final Fully Franked; (ac) Final Capital; (ae) Cash/Bonus; (ah) Final; (ai) To be announced; (ak) Final Tax Exempt (One Tier); (am) First and Final Tax Exempt; (an)
      611 words
    • Article
      Lock icon Major Asian units down on expected US rate hike
      381 4 AFP CURRENCIES [HONG KONG] Major Asian currencies ended the week down against the US dollar on predictions of a US interest rate hike and as foreign investors remained wary of Thailand's political stability. Japanese yen: The yen dipped to three-and-a-half-months low
      AFP  -  381 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1792 4 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name advance SCT 2.50 2.50 2 7.15 4.06 0.50 0.28 .llco Commercial REIT 2.25 2.25 5.49 15.12 1.08 0.83 .II' ireen Pro| jerties 2.50 2.45 12 9.71
      1,792 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      54 4 Jun 13 VALUE CLOSE -1129.00-201.00 BT OB/OS BT CADI -*****.00-164.00 BT 10-day MA -*****.00-113.00 FTSE ST Mid Cap 747.31 -11.68 FTSE ST Small Cap 639.28 -5.68 FTSE ST All Share 759.79 -10.21 FTSE ST China 429.03 -10.16 UOB Catalist 145.22 -1.58 SiMSCI 364.52 5.28 SiMSCI Future 363.50
      54 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 4 VOLUME Chasen 528,866,000 Oceanus 196,950,000 Golden Aqri 166,076,000 China Honqxinq 160,994,000 SingTel 130,733,000 ChinaTaisan 127,650,000 Gent Intl 110,130,000 DBS DBeCW*****3 109,059,000 Jade Tech 99,032,000 Li Henq 93,142,000 VALUE($) DBS Grp 504,984,515 SingTel 473,534,409 Keppel Corp 403,307,695 SGX 369,270,395 UOB 355,045,160 OCBC Bk 299,629,560 CapitaLand 281,770,888 HK Land
      59 words
    • Article
      Lock icon RISES
      104 4 :.93%Pref10 CLOSE UP 9900 100.0 1.0 OCBCCai Cmdfr 10US! 432 22.0 3.8 STI 3200SGAePW*****7 46 22.0 91.7 SNP 500 175 21.0 13.6 STI 3100SGAePW*****9 59 17.0 40.5 WBL Con 560 16.0 2.9 DBS MBLePW/*****7 39.5 15.5 64.6 STI 3100 DBePW*****1 50 14.0 38.9 STI 3200BNPePW*****7 33 13.5 69.2 ilanMBI_ePW*****
      104 words
    • Article
      Lock icon FALLS
      114 4 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 2970-454.6 -10.0 JMH China H 10US$ 1553-268.6 -11.2 JSH 1730-170.8 -6.7 GLD 10US$ 8585-166.7 -1.4 S I A 1482 -94.0 -6.0 SIA 200 1484 -94.0 -6.0 STXPO KW100 273 -94.0 -25.6 DBS Gr| 1906 -80.0
      114 words
    • Article
      Lock icon CURRENCIES
      85 4 Where S$ stands Jun 13 %CHNG CLOSE FR Jun 12 YR2008 S$ LOW S$ HIGH USS 1.3795 0.06 1.4542 1.3457 Euro 2.1239 0.27 2.2064 2.0474 Pounds 2.6859 0.12 2.8431 2.6568 AS 1.2901 0.11 1.3235 1.2349 Yen* 1.2761 0.46 1.4484 1.2725 Rupiah* 0.***** 0.06 0.***** 0.***** Baht* 4.1601 0.09 4.4299
      85 words
Page thumbnail Page 5
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      2722 6 VOLUNTARY UNCONDITIONAL CASH OFFER BY \2J Mitsubishi UFJ Securities (Singapore) MUFG MITSUBISHI UFJ SECURITIES (SINGAPORE), LIMITED (Company Registration Number *****2290 M) (Incorporated in the Republic of Singapore) FOR AND ON BEHALF OF POKKArp POKKA CORPORATION (Company Registration No. 1899-01-*****8) (Incorporated in Japan) FOR POKKA CORPORATION (SINGAPORE) LIMITED (Company Registration Number:
      2,722 words
Page thumbnail Page 7
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Westcomb redefining its IPO maths
      748 7  -  LYNETTE KHOO Group will focus on big, profitable companies and grow private equity arm WESTCOMB Financial Group is no longer chasing the numbers game. Once prolific in the number of IPOs that it brings to the market before losing ground two years ago, it now
      JOHN HEMG  -  748 words
    • Article, Illustration
      Lock icon China Flexible Q2 profit slumps 84% to 7m yuan
      369 9  -  CHEW XIANG Revenue down 43.4% to 158.6 m yuan from 280.4 m yuan last year CHINA Flexible Packaging, a packaging-material manufacturer, said net profit slumped 84 per cent to 7.06 million yuan (551.41 million) for its second quarter to April 30
      BLOOMBERG FILE PHOTO  -  369 words
    • Article
      Lock icon Olam and the dilution dilemma
      612 9  -  EMILYN YAP TOUGH times may be upon the local stock market, but investors seemed to have kept 01am International out of the fray up until two weeks ago. Its shares vastly outperformed the Straits Times Index then, chalking a 26 per cent gain since March
      612 words
    • Article
      Lock icon Transview planning cautious Mid-East expansion
      272 9 GOLF equipment distributor Transview Holdings on Friday revealed that it plans to expand into the Middle East. In a commentary in its half-yearly results, Transview said that it is now looking for local partners and surveying market conditions for the right opportunity. "However, until a
      272 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      131 7 ZAP 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: 1) Download Color Cam™
      131 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      244 7 Singapore's Largest Private Law School] Full-time Part-time 2 years for Graduate Entry .^^^aocT^lT^ 3 years for Normal Entry Admissions now open Also Available: Diploma In Law HOTLINE: 6338 0300 www.stansfield.edu.sg College 11 Penang Lane (next to Dhoby Ghaut MRT) m l^fl 81/^l %i [--->■ "The way I see it, excellence
      244 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Portfolios slip, reflecting unease in markets
      1508 8  -  TEH HOOI LING AFTER a stomach-churning week for investors, stocks may find some footing this week should oil prices extend their pullback and data show no further deterioration in the US economy. But there remain concerns. One is the US Federal Reserve's increased discomfort
      1,508 words
    • Article, Illustration
      Lock icon Buyback activities surge as stock prices plunge
      1330 8  -  ROBERT HALILI INSIDE MARKETS Directors of several firms buy shares for the first time since listing THE steep fall in the market this month which saw the Straits Times Index plunge by nearly 7 per cent to 2,979.56 points on Friday has resulted
      1,330 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      134 9 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 (fix weekly) and For '^^Sn" Seoul (2x weekly) to domestic Kazakhstan and Europe via Almaty 3JT 35t3113 on Boeing 767 300
      134 words
Page thumbnail Page 10
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Hail to the chief
      3246 10 THIS WEEK'S TOPIC What qualities will you be looking for in the next American president? What do you think his priorities should be as a global leader? Charles M Ormiston Director Bain Company THERE have been times in American politics when the electorate desired continuity or
      AP  -  3,246 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      185 11 Your tomorrow En wm starts here today fJ\ Today, Business Is: COnSMntlV) COnn&Ct&d in over 220 destinations. I [I I I Mobile Roaming: I I I Take your^business I pL m^ 1 I overseas w'th peace of X^ I mind, knowing you can I -^g ill .J I I I
      185 words
Page thumbnail Page 12
  • DINING OUT
    • Article, Illustration
      Lock icon Light on the wallet, but big on taste
      804 12  -  Jaime Ec $25 AND UNDER NEW MENU Brown Sugar 277 River Valley Road, Stardus Clubhouse Tel: *****612 BROWN Sugar's menu revamp has been way overdue, largely because owner Yuan Oeij has been busy with his other restaurant Prive (which he co-owns). Not
      804 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      285 12 GREAT SINGAPORE SALE! A/"* I^^^^^Bfct^. Fairmont Singapore locks and loads for another season of budget busting, JyM W A M\MJm*^l^^ S w ffYfM M w^^ credit card "maxed outing" hunting season of the retail kind. -~^/%~+/\^*SMy\^<j/ t_/ f tAJsf 14/ W Jjr L Discover why and how, comfort buys pleasures
      285 words
Page thumbnail Page 13
  • DINING OUT WITH citibank
    • Article, Illustration
      Lock icon He cooks to bond with his kids
      1017 13  -  JAIME EE POWER Lunch BEING in the cinema business can have an impact on one's diet, as Suhaimi Rafdi discovered one day. The CEO of Cathay Organisation was a self-confessed fast food junkie until, he says: "We released the movie, Supersize Me a
      ARTHUR LEE  -  1,017 words
    • Article, Illustration
      Lock icon Classical Cantonese menu gets a modern makeover
      634 13  -  Cheah Ui-Hoon NEWLY REVAMPED Kin Cuisine Level 4, Holiday Inn Atrium Singapore 317 Outram Road Tel: 6731-7173 HOLIDAY Inn Atrium might have that dated look unfortunately it's not of the era that can be labelled hip retro but just as one shouldn't judge
      634 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      54 13 For dining enquiries and reservations, please call 6412 1816 or email us at dining@raffles.com Please refer to citibank.com.sg for full details. Indulge in over 800 gourmet pleasures with your Citibank credit card. For more gourmet treats, visit: citibank.com.sg ppl Mobile Gourmet li-J) citibank.com.sg/singapore/gpmobile I I f \r\ I X Brought
      54 words
Page thumbnail Page 14
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore law firms boost tax practices
      684 14  -  CHEN HUIFEN Move in tandem with demand driven by growing private banking clients, litigation DRIVEN by the growth of the wealth management business, and transactions requiring more complex tax advisory, Singapore law firms are expanding their tax practices. Lawyers also note the increasing trend
      RAJAH & TANN LLP  -  684 words
    • Article
      Lock icon Asean Leadership Forum to be held on Wednesday
      167 14 ASEAN Secretary General Surin Pitsuwan, Air Asia CEO Tony Fernandes and Singapore Tourism Board deputy chairman and CEO Lim Neo Chan will be among a stellar cast of speakers at the fifth Asean Leadership Forum to be held on Wednesday The topics
      167 words
    • Article
      Lock icon Delegates from Americas to get a taste of S'pore
      178 14 IE Singapore is taking 20 delegates from the food industries in the US, Canada and Mexico on a five-day tour of Singaporean food to promote the country's food products. The delegates represent retailers, suppliers and distributors and food media. IE Singapore
      178 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      283 14 ■IB■ 1^ b^ I m^ m^ 13 -S V/ WUI IF^ IE IB Mw^ i«!-«r~ ■t ■mvvvM vv w^^ y i ■MliilßffilW BMHWKlliloil^^ COMBINE WILL KMMMyjj^^ Combine Will International Holdings Limited HHB |hjJb aSuMlj JU^Bj Incorporated in the Cayman Islands on 8 October 2007 nTjT|7SJIWjfJfJ?H||BI!TTHJ!T|W|fJWn!ffIJB (Company Registration Mo. MC *****3)
      283 words
Page thumbnail Page 15
  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Golf, charm and private banking
      1002 15  -  In this follow-up to last week's piece on career prospects in private banking, JASON LOW talks to a veteran who shares with Young Investors' Forum what it takes to be successful and how to survive along the way HAVING qualified as a professional accountant in
      LUDWIG ILIO  -  1,002 words
    • Article, Illustration
      Lock icon Mooting their way to the top
      1059 15  -  CAMPUS LIFE Team from NUS law faculty emerges champion from a 23-strong field in Oxford, reports IAN POH TO fully-fledged professionals and undergraduates alike, this image should bring back some memories: as examination period draws near, tables and benches all around campus get more
      BLOOMBERG  -  1,059 words
    • Article
      Lock icon Be smart with your finances
      204 15 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      46 15 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words
Page thumbnail Page 16
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Top enemy identified, but no bullet to kill it
      811 16  -  ANTHONY ROWLEY G-8 FINANCE MINISTERS MEETING No consensus on how to fight soaring inflation, so no plan of action spelt out in Osaka FINANCE ministers from the G-8 countries ended their meeting at the weekend on a consensus note that galloping
      BLOOMBERG  -  811 words
    • Article
      Lock icon Benefits of sovereign wealth funds recognised
      518 16 AFP, Bloomberg [OSAKA] Finance ministers from the Group of Eight rich nations said on Saturday that they recognised the benefits of government-controlled sovereign wealth funds, whose growing financial power has stirred controversy. The G-8 powers said in their communique that "we recognise the benefits
      – AFP, Bloomberg  -  518 words
    • Article
      Lock icon Japan faces little threat from inflation: minister
      350 16 Bloomberg [TOKYO] Japan Finance Minister Fukushiro Nukaga said that the world's second largest economy faces little threat from inflation even after his Group of Eight colleagues said that rising oil and food prices are their chief concern. "Unlike Asian and European nations, Japan's
      Bloomberg  -  350 words
    • Article
      Lock icon US downturn may stretch: Paulson
      714 16 Reuters [OSAKA] Soaring oil prices could prolong a US economic downturn triggered by a housing market slump and credit crisis, Treasury Secretary Henry Paulson warned on Saturday. Speaking after a meeting of Group of Eight (G-8) finance ministers, Mr Paulson repeated that he backed a
      Reuters  -  714 words
    • Article, Illustration
      Lock icon Financial markets seen stable but fragile
      617 16 Bloomberg Main growth risk is real economy: head of regulators group [OSAKA] Financial markets are now showing "fragile stability", with the biggest risks to global economic growth stemming from the "real economy", the head of an international group of regulators said. "It now looks
      Bloomberg  -  617 words
Page thumbnail Page 17
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Long-term pain of populist moves
      787 17  -  PAULINE NG MALAYSIA INSIGHT LAST week marked the Pakatan Rakyat's (PR) or People's Alliance's 100 days in office in Penang, Selangor, Perak and Kedah states won in the March 8 general election. After some five decades of the Barisan Nasional (National Front) coalition's rule, it's
      787 words
    • Article
      Lock icon No more futures trading losses: Sime CEO
      202 17 Bloomberg [KUALA LUMPUR] Sime Darby Bhd chief executive officer Ahmad Zubir Murshid has ruled out further writedowns from unregulated futures trading at the Malaysian palm oil producer after the firing of the company's finance chief. Sime Darby said on June 10 that it
      Bloomberg  -  202 words
    • Article
      Lock icon Abdullah running for Umno leadership in Dec
      391 17 [PUTRAJAYA, Malaysia] Malaysian Prime Minister Abdullah Ahmad Badawi said on Sunday that he would run for the party presidency in year-end elections, brushing off speculation that he could soon hand over power to his deputy. "I am not retiring before December," Mr Abdullah
      391 words
    • Article
      Lock icon Qatar Islamic Bank eyes funding M'sian refinery
      230 17 Reuters [DUBAI] Qatar Islamic Bank has agreed to study a plan to raise funds for a US$5 billion refinery and petrochemicals project in Malaysia, the bank said on Saturday. Under an initial agreement signed with a Malaysian unit of Gulf Petroleum Ltd, Qatar
      Reuters  -  230 words
    • Article, Illustration
      Lock icon Chief economics minister named
      428 17 Reuters [DENPASAR, Indonesia] Indonesia's president has appointed Finance Minister Sri Mulyani Indrawati to take on the additional post of chief economics minister, the Cabinet Secretary said on Saturday. Ms Indrawati had been widely tipped to take up the vacant position after the former chief economics minister,
      Reuters; REUTERS  -  428 words
    • Article, Illustration
      Lock icon No cutting back on growth plans, says AirAsia boss
      585 17 AFP, Bloomberg [KUALA LUMPUR] Air Asia, the region's largest lowcost carrier, said yesterday that despite surging fuel prices it will not scale back growth plans and will press ahead with an ambitious route expansion programme. "We will continue to put on
      – AFP, Bloomberg  -  585 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      211 17 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. =pk= its i* 1 6py s;»rt3B-2 I'Bfc B mi X fc«llll ~~=3 BUY/SELL |_ftj ....,.:,„'.H Second Hand 9^' Mr :"*S IS™ I Branded .^y^t^T Speed€ash* Buy.Sell 447, Geylang Road
      211 words
Page thumbnail Page 18
  • CHINA/INDIA
    • Article, Illustration
      Lock icon Ambanis' feud over MTN merger takes a new turn
      610 18 -AFP Anil threatens legal action over Mukesh's bid to block USs7ob deal [NEW DELHI] Indian billionaire Anil Ambani on Saturday threatened legal action against his brother if he tries to block a big telecom merger deal, a source said, as the
      -AFP; AFP  -  610 words
    • Article
      Lock icon India's latest moves to cap inflation may fail
      310 18 Bloomberg [NEW DELHI] India's latest measures to contain inflation, which has accelerated to a seven-year high, may not be enough to stop it from accelerating beyond 10 per cent. The government on Friday raised the export duty on iron ore and steel
      Bloomberg  -  310 words
    • Article
      Lock icon Credit Suisse gets China nod
      233 18 Bloomberg [HONG KONG] Credit Suisse Group said that China's securities regulator approved its investment banking venture, letting the second biggest Swiss bank participate in the domestic stock underwriting market that topped US$6B billion last year. The Zurich-based bank owns 33.3 per cent of the venture,
      Bloomberg  -  233 words
    • Article, Illustration
      Lock icon WATER, WATER, EVERYWHERE
      42 18 XINHUA [GUANGZHOU] People wading through a flooded street in the capital of south China's Guangdong Province on Saturday. A dozen people were killed and millions were affected as rainstorms continued to lash south China over the past several days.
      XINHUA  -  42 words
    • Article
      Lock icon US, China set for economic talks
      450 18 AFP Agenda includes currency concerns, energy security [WASHINGTON] With their economies in crisis, top policymakers from the US and China hold talks this week in a bid to ease currency concerns, counter protectionist pressures and boost energy security. The Cabinet-level talks led by US
      AFP  -  450 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      778 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF (1) TECHNOLOGIES CAPITAL HOLDINGS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****6843R) (2) UANG HUAT INDUSTRIES PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****9503K) (3) GIASPEC INDUSTRIES PTE LTD (IN CREDITORS' VOLUNTARY
      778 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      211 18 r NOTICE TO NOTEHOLDERS FARAMIR INVESTMENT CORPORATION LIMITED (the "Issuer") (Company Registration Number *****0953G) vmouiporated as a company limited by shares in the Republic of Singapore) U*****,000,000 CLASS A FLOATING RATE NOTES U5522,200,000 CLASS B FLOATING RATE NOTES U5518,500,000 CLASS C FLOATING RATE NOTES (COLLECTIVELY, THE "NOTES") Redemption by Issuer
      211 words
Page thumbnail Page 19
  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Asia told to take lead to solve global crises
      629 19 AP WORLD ECONOMIC FORUM ON EAST ASIA Business leaders say bodies like IMF, WTO inadequate to deal with challenges [KUALA LUMPUR] Global financial institutions are proving to be impotent in dealing with crises such as food and fuel prices, and it
      AP; REUTERS  -  629 words
    • Article
      Lock icon Vietnam sees high inflation easing in '09
      267 19 Reuters [KUALA LUMPUR] Inflation in Vietnam is expected to ease to single-digit levels next year, Finance Minister Vu Van Ninh said yesterday, vowing to tame surging price pressures that are severely straining the emerging South-east Asian economy. Vietnam is expected to post double-digit
      Reuters  -  267 words
    • Article
      Lock icon PRIME LENDING RATES
      403 19 BANKS ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 American Express Bank 5.75 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America
      403 words
    • Article, Illustration
      Lock icon Inflation threatening Asia poverty fight: ADB
      615 19 Reuters [KUALA LUMPUR] Price pressures remain the biggest worry for Asia, where high inflation is threatening to spoil the gains against poverty achieved over the last two decades, the Asian Development Bank (ADB) said yesterday. "We are concerned that the rising food and fuel
      – Reuters  -  615 words
    • Article, Illustration
      Lock icon S Korea unions plan more strikes
      655 19 Reuters, AFP Move a show of anger against government policies [SEOUL] South Korean car, construction and other unionised workers threaten to halt work this week in anger at the policies of the president, on top of a truckers' strike that has slowed transport in
      – Reuters, AFP; AFP  -  655 words
    • Article
      Lock icon Saudi Arabia raising July's oil output
      242 19 Reuters, AFP [DUBAI] Top oil exporter Saudi Arabia is poised to boost output next month to the fastest rate in years to help keep pace with demand and tame what it sees as unacceptably high prices, industry sources said yesterday. Riyadh's expected production increase
      Reuters, AFP  -  242 words
    • Article
      Lock icon Barclays seeks £4b from Asia SWFs: paper
      148 19 -AP [LONDON] Barclays pic is seeking to raise £4 billion (558.46 billion) from investors, including two sovereign wealth funds (SWFs) which have already ploughed money into the British banking giant, a newspaper reported yesterday. The Sunday Times of London said the state-owned China
      -AP  -  148 words
Page thumbnail Page 20
  • WORLD
    • Article, Illustration
      Lock icon US Congress to scrutinise Google-Yahoo tie-up
      496 20 ■LAT-WP Probe to determine if deal reduces competition in Web ad market [WASHINGTON] Google, already the world's dominant Web company, keeps on growing. But the announcement on Thursday that it has struck a deal to assume some of the business of its nearest competitor,
      ■LAT-WP; AFP  -  496 words
    • Article
      Lock icon Microsoft lobbying for support against Google-Yahoo deal
      408 20 Reuters [WASHINGTON] Microsoft Corp sought on Friday to enlist support for its opposition to a new advertising collaboration deal between Google Inc and Yahoo Inc, two sources familiar with the matter told Reuters. One day after the companies announced an agreement allowing Google
      Reuters  -  408 words
    • Article
      Lock icon Swiss regulator to limit banks' loans
      279 20 AP, AFP -[ZURICH] Swiss banking regulators are to limit how much money domestic banks can borrow in a bid to limit the risk to taxpayers, according to a newspaper report yesterday. The Swiss Federal Banking Commission, or EBK, is concerned that the country's largest
      AP, AFP  -  279 words
    • Article, Illustration
      Lock icon Markets show 'pronounced turnaround': Greenspan
      515 20 Bloomberg [NEW YORK] Former Federal Reserve chairman Alan Greenspan said that financial markets, roiled by the collapse of the sub-prime mortgage market, have shown a "pronounced turnaround" since March. "The worst is over in the financial crisis or will be very soon," the former Fed
      Bloomberg  -  515 words
    • Article
      Lock icon STOCKS ASIA
      2731 20 Transaction date: Jun 13 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway feia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,731 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      125 20 Stock name Close Change Cai i Land 5.800 -0.050 Cai iMall 3.030 -0.070 Cit' 10.420 -0.180 Cosco Con 3.180 -0.090 DBS Gri 19.060 -0.280 FSN 4.570 -0.030 Gent Intl 0.585 -0.010 HKLand 4.350 -0.110 JSH 17.300 -0.100 Jardine CSC 16.660 -0.080 tod name lose lange Kei
      125 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 20 Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 14 1 0 0 0 3 14 1 Manufacturing 29 171 42 23 13 34 194 55 Commerce 63 14 13 76 18 >r/c ims 32 33 Finance 32 33 Construction 13 22 'roi ies
      96 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 20 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 116,578 116,578 575,009 575,009 Manufacture 1,363,667 191,868 1,555,535 1,261,738 20,613 1,282,351 Commerce 251,545 209,685 461,230 433,403 69,992 503,395 ]t/Stor/Comms 476,444 21,028 497,472 1,325,832 8,130 1,333,962 Finance 166,831 29 166,860 1,598,648 1,598,655 Construction 162,106 42,116 204,222
      124 words
Page thumbnail Page 21
  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon A cultural exchange from the 16th century
      587 21  -  Shakespeare and Tang Xianzu used similar imagery in their language of love, says CHEAH UI-HOON TWO iconic playwrights from different cultures but in the same 16th/17th century period wrote about love. One supposes that if William Shakespeare and Tang Xianzu had met in
      587 words
    • Article, Illustration
      Lock icon A respectable Continuum
      490 21  -  UMA SHANKARI By THE Singapore Dance Theatre's Arts Festival offering for this year, Continuum, proved to be a pleasure to watch. The triple bill featuring Graham Lustig's Evening, A Million Kisses to My Skin by David Dawson and Glow-Stop by Jorma Elo brought together three accessible pieces
      490 words
    • Article, Illustration
      Lock icon Exit King Lear Project, followed by groans
      800 21 By CHRISTOPHER LIM IT was a performance that played out across three consecutive nights. The play in question was Lear one of the most performed and scrutinised works of Shakespeare. But by the end of the third night of the King Lear Project,
      MANUEL VERSAEN, ACADEMIE ANDERLECHT (BRUSSELS)  -  800 words
    • Article, Illustration
      Lock icon SFO marks milestone with Cherish, Reminiscence
      693 21  -  CHRISTOPHER LIM By THE Singapore Festival Orchestra (SFO) marked an important milestone last Saturday, when it performed its first commissioned work. This meant a transition from being a performer of existing compositions to becoming an instigator of them. The SFO premiered local composer Tan
      693 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      27 21 \^P News 3 Images V Directory I ffT People Maps One search, all results. Neatly arranged in 6 categories. Find whatever you're looking for in Singapore. rednanosg
      27 words
Page thumbnail Page 22
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon US airline industry heading towards catastrophe: study
      631 22 AFP It calls for a new energy policy to give airlines a chance to survive and recover [WASHINGTON] The US airline industry is set to crash as record oil prices threaten to push several carriers into bankruptcy, threatening "our American way of life",
      AFP  -  631 words
    • Article
      Lock icon Caribbean tanker rates up on port delays
      233 22 Bloomberg [NEW YORK] The cost to transport crude oil from the Caribbean on Aframax tankers surged last week as delays at Gulf Coast ports forced charterers to hire additional ships. Vessels on Friday were hired for an average rate of Worldscale, or WS,
      Bloomberg  -  233 words
    • Article
      Lock icon Serbia's JAT to regain market share after privatisation
      510 22 AP [BELGRADE, Serbia] Serbia's troubled flag carrier will be poised after privatisation to regain the market dominance it once had in Eastern Europe, its chief executive said on Saturday. "Our strategic plan is to become a regional leader," Sasa Vlaisavljevic said. "We're
      AP  -  510 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2516 22 AIRLINE CODES: AA Amencao Airlines (AAL), AF Air France (AFR), AI 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:
      2,516 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      169 22 Jf^, BANGLADESH SHIPPING CORPORATION fc-!T> CHITTAGONG International Freight Tender for Transportation of 37,500 Mt Prilled Urea in bags from Ruwais, UAE to Chittagong, Bangladesh A/C BCIC. Bangladesh Shipping Corporation (BSC) hereby invites sealed tenders from ship owners disponent owners agents and brokers for transportation of 37,500 mt Prilled Urea in
      169 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      180 22 JF^ BANGLADESH SHIPPING CORPORATION m±Zm CHITTAGONG International Freight Tender for Transportation of 50,000 Mt Granular Urea in bulk from Al-Jubail and or Dammam, Saudi Arabia to Chittagong, Bangladesh A/C BCIC. Bangladesh Shipping Corporation (BSC) hereby invites sealed tenders from ship owners disponent owners agents and brokers for transportation of 50,000
      180 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 3
      23 22 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email Kl notices@sph.com.sg. K
      23 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      303 22 CRYPTIC CROSSWORD ACROSS 4 Good run makes one more I Lead keen side (7,4) cheerful (7) 7 Quantity of ropes produced 5 Guide showing policeman by company, poor grade (7) over church house (9) 8 Arrangement of mostly trap- 6 Passage runs into bar (7) ical fruit (7) 7 Erotic
      303 words
Page thumbnail Page 23
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      5900 23 Week ended: Jun 13 52-wks Tel |h Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Hii Com| 22 6.5 iiJ! lf£Z ml fil S sf°sTe 24? 127 IS &l'M C0. r. p 41 19 5
      5,900 words
    • Article
      Lock icon SGX XTRANET
      81 23 52-Wk Tel High Low Code Last Sale Vol COOP) Week ill 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 US200 US6200 250 60 1000 1000 6097 IS MSCI Spore ***** *****
      81 words
    • Article
      Lock icon SGX CATALIST
      2071 23 52-Wk Tel High Low Code Last Sale Vol C000) Week Last Quote Div GrYld Net MCap |h Low Buyer Seller C'l/r P/E Sinil Comi >an' Hii 30 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19
      2,071 words
    • Article
      Lock icon CLOB INTERNATIONAL
      258 23 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
      258 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      24 23 Sole Distributor Service Centre: AUDEMARSPJGUET (SINGAPORE) PRIVATE LIMITED jH 341 River Valley Road #01-01 Singapore *****2 TeT:'623B 6678 Fax: 6238 6676 lfm**^^ Internet: Http://www.audemarspiguet.com
      24 words
Page thumbnail Page 24
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 13 World Index Preliminary 1023.9 0.8 -9.5 0.7 -12.1 0.7 -8.3 EAFE Preliminai 971.6 0.4 -13.3 0.2 -14.2 0.2 -10.5 Euro[ Prelim inan 1319.8 0.4 -14.5 0.0 -15.7 0.0 -12.0 Pacific
      362 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 24 As at 9am Jun 13 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2860 1.3010 Can dollar 1.3410 1.3570 Euro 2.1170 2.1410 NZ dollar 1.0260 1.0480 Sterlini 2.6700 2.6990 US dollar 1.3720 1.3870 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      174 24 Jun 13 *L Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 3/8 ys$ 3/16 1 1/8 1 1/4 1 3/8 Offer 1/16 1 1 1/8 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 2.30 2.65 2.80 3.00 3.25
      174 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Jun 13 ten JiL STI SIMSCI Jun 370.8 371 363.5 Taiwan Jun 312 314.8 311.4 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jun 13 SS Bid Offer 1-month 1.3758 1.3773 2-months 1.3740 1.3756 3-months 1.3727 1.3743 6-months 1.3687 1.3704 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jun 13 Against SS Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2906 1.2925 0.9369 0.9374 Canadian dollar 1.3453 1.3473 0.9767 0.9771 Euro 2.1201 2.1222 1.5391 1.5392 NZ dollar 1.0320 1.0334 0.7492 0.7495 iterlin. md 2.6779 2.6809 1.9440 1.9444 US dollar
      155 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      358 24 Jun 13 URODOLLAR FUTURES unO8 >epO8 DecO8 VlarO9 97.177 96.670 96.320 96.115 0 0 0 0 9034 9763 ***** 8543 EUROYEN FUTURES unO8 99.160 99.160 iepO8 99.060 99.090 DecO8 98.900 98.955 VlarO9 98.680 98.780B unO9 98.600 98.645B iepO9 98.550B DecO9 Vlar10 99.155 99.045A 98.880A 98.680 98.535A 99.160
      358 words
    • Article
      Lock icon SICOM FUTURES
      282 24 Jun 13 KUBBtK 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 09 453.75 442.00 438.50 433.00 434.00 435.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      282 words
    • Article
      Lock icon CHICAGO BOT
      103 24 Jun 13 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1560.00 1536.50 1570.00 1521.50 Aug 08 1559.75 1538.00 1570.00 1528.00 Sep 08 1540.00 1523.50 1545.00 1515.00 Nov08 1531.00 1512.50 1538.00 1494.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 66.19 66.20 66.35 65.25
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 24 CRUDE OIL PRODUCTS Jun 12 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 133.21 -2.07 WTI (Near Mth) 137.06 0.66 Dubai (1-Mth F) 130.38 2.28 Tapis blend 142.7 1.8 Minas 138.65 1.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 126.55 168.50 2.10 3.5 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 24 Jun 13 ice AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.959 6.470 0.609 7.322 40.177 87.333 1.013 9.770 3.069 1.251 62.414 41.572 1.292 7.575 0.981 28.529 31.074 0.482 0.937 Canada 1.042 6.744 0.635 7.632
      465 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 24 Jun 13 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****A 11.09.08 1-Year BY*****N 04.05.09 0.85 1.05 0.85 0.85 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****A 4.000
      90 words
    • Article
      Lock icon SIBOR
      78 24 Jun 13 (US$) (SS) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 2.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 2.***** 9 mths 2.***** 12 mths
      78 words
    • Article
      Lock icon PALM OIL
      61 24 Jun 13 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Jun 08 3657 Jul 08 3601 Aug 08 3660 Sep 08 3670 Total o/p: ***** contracts 3660 3660 3657 3674 3687 3601 3653 3712 3653 3690 3717 3665 Turnover: ***** Market tone:
      61 words
    • Article
      Lock icon PRECIOUS METALS
      137 24 Jun 13 GOLD (USS/oz) Jun 13 Jun 12 Hong Kong London 868.80 870.70 869.80 871.70 Jun 13 Jun 12 864.55 861.30 865.75 862.30 Source: Reuters CAST BAR (S$) Jun 13 Buying Sellini Kilobar "41,510.65" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      137 words
    • Article
      Lock icon LONDON METALS
      69 24 Jun 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2900.00 2904.20 3 months 2945.00 2950.00 Copper, Grade A (US$/tonne) Cash 3 months 8156.00 7980.00 7989.00 7840.00 Lead (US$/tonne) Cash 1759.00 3 months 1775.00 1816.00 1830.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      79 24 Jun 13 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1609 1604 1629/1608 SepO8 1598 1589 1618/1590 Dec 08 1564 1554 1583/1560 Mar 09 1532 1526 1550/1532 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2214 2217 2238/2201 SepO8 2207 2209 2220/2199 Nov08 2191 2194 2204/2187 Jan 09 2172 2176
      79 words
    • Article
      Lock icon BONDS & WARRANTS
      4829 24 BONDS WARRANTS [el Zode Com| Last Sale +orVol Conv Exer COOP) Ratio Price Disc Gear- Mths ing Left >am >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 s ArianeCorp Ltd W*****9 J092 Asia Environment W*****4 1481 #Asia Water Tech Ltd W*****0 3816 #Asiasons Capital Ltd WO***** i756 Asiatic Grp
      4,829 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      2711 25 m The Business Times Shipping Times KPI BJCTJ^jffHnffJPff^fffJßßßß f WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R W. X T A *Ll Hll^lSniffiHßß&^BlSEßl^l^niM ■■>>>■ ■■>■ TEL:*****588 (14LINES) FAX:*****163 M •IFW|WPt^ l^l^^nfli WSamS VmMWJltt.i \\M IIA/AM HAI INpX Cusroinet Setvi<e/Bookings Dite<l Line (1800) *****200 M A J«ft I I l"X^irj* I I KMlßffllßM
      2,711 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      3385 26 RICKMERS-LINIE »-h «h,, flf^T EASTERN CAR LINER. LTD I fl) £J®3SI^ Regular Break-Bulk/Proiect/SOC Conventional Services website: www.rickmers.com HI IJ^b I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I USAService If—— br-tciALizt in kuku s. HtAvr unu lau lUNb i I WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov ~l
      3,385 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      5645 27 KS1 H 19 H 19 H I Is andersen. *I:6562e:.k;s:i T^^m7HiaimriimRi!tm\ K^HHk WM ISM Hsfl I!! shipping company/ 70 SheMon Way, #21-03 Marina House Singapore *****8 UL1»Ii llHWIUftl lUil UltUUr I mW^Ml^KfSISWSSI&^^KM MMI Hi NORTH WEST EXPRESS LINE «*4*-*W*15«WS*1 MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [lilts a» aHIVaI [IaIES
      5,645 words
Page thumbnail Page 28
  • BizIT
    • Article, Illustration
      Lock icon HDS hits 51% growth here in '07
      920 28  -  Storage major hopes to keep growth momentum going in current year, writes AMIT ROY CHOUDHURY HITACHI Data Systems (HDS), part of the Hitachi Storage Solutions Group, is looking to repeat another year of robust growth in the Asean region in its fiscal year
      920 words
    • Article
      Lock icon Dell regains No 2 spot in global notebook PC market
      345 28 Xinhua [LOS ANGELES] US computer maker Dell has recaptured the No 2 spot for global notebook PC shipments, thanks to its refocus on retail sales and growing business in China, a market research firm said on Friday. Hewlett-Packard remained on
      345 words
    • Article, Illustration
      Lock icon Hewlett-Packard signals notebook barrage for Asia
      861 29  -  WINSTON CHAI On the cards are 19 new laptops as well as a new touch screen desktop COMPUTER giant HewlettPackard (HP) last week declared its intention to remain seated on the throne of the regional notebook market even as it addressed the global PC
      861 words
    • Article
      Lock icon Internet access: pay for what you use
      468 29 NYT [NEW YORK] Some people use the Internet simply to check e-mail and look up phone numbers. Others are online all day, downloading big video and music files. Should they pay the same price for access? For years they have, with subscribers sharing
      NYT  -  468 words
    • Article
      Lock icon Video games amp music industry
      291 29 -AP [LOS ANGELES] Tapping on fake instruments and screeching into microphones connected to video game consoles has become lucrative for both the music and gaming industries. Downloadable tunes for music-based games Guitar Hero, Rock Band and SingStar have become as vital as iTunes itself- and
      -AP  -  291 words
    • Article, Illustration
      Lock icon 2,300 firms gather for mega tradeshow
      424 29  -  ONG BOON KIAT By EXPECT a crush of human traffic and a display of high-tech wares this week at the Singapore Expo and Suntec Singapore. More than 68,000 visitors and 2,300 exhibiting companies from China, Japan, Israel, France, Russia, Iran, the US and others
      FILE PHOTO  -  424 words
    • <what's up>
      • Article
        Lock icon Bridge Alliance debuts membership scheme
        111 29 MOBILE phone subscribers can enjoy shopping and travelling perks in 11 Asian countries by becoming a Bridge Traveller Program member. Launched this week by pan-Asian carrier alliance Bridge Alliance, this is a free privilege membership scheme available to all mobile phone subscribers regardless of their
        111 words
      • Article
        Lock icon Novell, Singapore Computer Systems advance ties
        65 29 MAINBOARD-LISTED Singapore Computer Systems (SCS) has deepened its ties with Linux vendor and security solutions specialist Novell Inc. The company announced that it has been made a Novell Platinum Partner and will be delivering Novell's portfolio of security solutions in Singapore and the region.
        65 words
      • Article
        Lock icon M1 has new shared talk-time plan for enterprises
        110 29 Ml has announced a new Talk Share Plan its mobile subscription plan that lets corporate groups share talktime and SMS bundles. Now in seven tiers, the plan caters to groups of up to three, five, 10, 15, 20, 25 and 30 people.
        110 words
      • Article, Illustration
        Lock icon ASUS releases new PDA phone with GPS
        85 29 ASUS has released the P320 Mini GPS PDA phone a quadband (850/900/1800/1900 MHz) GSM compatible device that runs on the Windows Mobile 6.1 Professional operating system and features built-in Global Positioning System (GPS) for map navigation. Other connectivity features include EDGE/GPRS, Wi-Fi, Bluetooth
        85 words
      • Article
        Lock icon Software AG breathes new life into mainframe apps
        65 29 GERMAN enterprise software firm Software AG has released web Methods Application Modernisation Suite, a software solutions suite which lets organisations extend business applications and functionalities running on mainframes to other IT platforms. For instance, mainframe applications can be made accessible via Web
        65 words
      • Article
        Lock icon StarHub integrates Windows and Yahoo! messaging
        78 29 INSTANT messaging (IM) junkies and Star Hub mobile phone users rejoice: You will soon be able to access both Windows Live Messenger and Yahoo! Messenger on your mobile phones. Available later this month to Star Hub Mobile post-paid customers, Star Hub's Chat Anywhere service
        78 words
      • Article
        Lock icon Brocade gives out free reporting software
        75 29 STORAGE networking specialist Brocade is giving out a free downloadable software utility and related assessment program to help enterprises size up their electronic files and data stored across their distributed networks. Called File Insight, the tool gives IT administrators an overview of their organisation's
        75 words
    • FOCUS
      • Article, Illustration
        Lock icon SOA helps companies stay ahead
        1592 30  -  Modular nature of SOA allows companies to fully utilise IT assets, writes AMIT ROY CHOUDHURY ITH today's business landscape more dynamic than ever, companies are scrambling to adapt. Technology has brought about massive change in the way companies do business. They need extra agility to
        FILE PHOTO  -  1,592 words
      • Article
        Lock icon Green Data Centres need SOA as an enabler
        725 30  -  AMIT ROY CHOUDHURY By POWER consumption of data centres and their likely ecological impact is one of the biggest concerns for chief information officers (CIOs). This has fuelled the need to set up Green Data Centres where fewer storage racks equating to
        725 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      88 28 How will Avaya change the way you work? Just ask any of the one million companies worldwide that use Avaya communications software for IP Telephony, Unified Communications, Contact Centres or Communications Enabled Business Processes. They'll tell you how Avaya Intelligent Communications solutions are helping them do business in new ways
      88 words
  • Page 28 Miscellaneous
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      179 29 KM4 i7±t«kßPiHH 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
      179 words
Page thumbnail Page 30