The Business Times, 21 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: 20
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 June 21 22,2008 online at http://www.businesstimes.com.sg J
    23 words
  • Article
    Lock icon Wholesale electricity price in S'pore hits record
    494 1  -  r RONNIE LIM Spiralling cost is worrying investors with big energy requirements By [SINGAPORE] Singapore's average electricity wholesale price spiked to a record high of Ss2o3 per megawatt/hour last month, latest Energy Market Company figures obtained by BT show. And this continuing upward
    494 words
  • Article, Illustration
    Lock icon Lots of pounding, but SMEs stay on even keel
    816 1  -  OH BOON PING Some think it is now even more critical for SMEs to expand as costs continue to rise By [SINGAPORE] US credit woes coupled with surging oil prices may have taken their toll on the world economy, but small
    816 words
  • Article, Illustration
    Lock icon Three telcos answer the call of a growth market
    279 1  -  SIOW LI SEN Sing Tel, Star Hub and M 1 woo foreign workers By: [SINGAPORE] Walk down Little India and you will see red, along with green and orange the colours of the three local telcos plastered on walls and shopfronts.
    279 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 1COMP 1,206.67 +10.28 IIKKEI225 13,942.08 -188.09 IANG SENG 22,745.60 -52.01 ;et index 768.90 +26.44 JAKARTA COM P 2,371.78 -1.29 IANILACOMP 2,578.57 -14.02 ;eoulcomp 1,731.00 -9.72 ;henzhen b 475.54 +8.57 IUMBAI IND 14,571.29 -516.70 12N00NEDT Cham )OW 11,037.46 -125.63 IAS DAI 2,420.53 -41.53
      43 words
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONGKONG 5.25 INDONESIA 15.317 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.91 INDIA. 1"5 Source:
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      39 1 IS$ (S$ per US$) 1.361 (US$/S$ per 1.973 2.695 :URO (US$/S$/E) 1.556 2.12' 'EN 107.80 78.9I 3.260 2.38! IK$ 7.807 5.715 !AHT 33.49 24.51 lUPIAH 9,260 6,77! lENMINBI 6.880 5.031 INDIAN RUPEE 42.97 31.41 1.049 0.761 1.311 0.961
      39 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      59 1 jMjjfp' .J^Z*^ S^MOTORING ARTSFEST TALENT BE INSPIRED I p^ s Velvet lounge Temple an ode to Fill top posts from Zap for daily inspiration. B on wheels performance art within: DBS chief Win a pair of Zegna y page 15 page 10 page 4 sunglasses! PAGE 4 I—l 1 Ik!\
      59 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      10 1 FOOD Three new dining experiences SHOPPING D-l-Y made easyand funky
      10 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Asian 'super' law firms – the time is not right
      661 2  - Asian 'super' law firms the time is not right CHEN HUIFEN One big hurdle is that clients in Asia are less willing to pay by the hour Reports by [SINGAPORE] The creation of "super" Asian law firms as huge as their counterparts in the US and Europe is a slim
      661 words
    • Article
      Lock icon Drew & Napier is top award winner
      355 2 Drew Napier is top award winner DREW Napier was under the limelight last night for taking home the most number of trophies at the Asian Legal Business (ALB) South-east Asia Law Awards, breaking the long-running reign held by rival firm Allen Gledhill. In its fourth year, the award recognises the
      355 words
    • Article, Illustration
      Lock icon Huge imbX2008 show ends after four days of buzz
      811 2  -  AMIT ROY CHOUDHURY Show attendance and deals show infocomm sector still in robust shape By [SINGAPORE] As the curtains came down on Asia's biggest infocomm show, the Infocomm Media Business Exchange or imbX2ooB, one lasting impression was the buzz and excitement
      AFP  -  811 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Firms should fill top posts from within: DBS chief
        72 2 COMPANIES should build a culture of promoting and developing their own people to take up leadership posts, instead of looking outside for talent, said DBS chief executive Richard Stanley. At a conference on talent development for financial institutions yesterday, he said
        72 words
      • Article
        Lock icon STATS ChipPAC reworks debt structure
        68 2 STATS ChipPAC intends to pursue a debt financing plan to fund a proposed capital reduction exercise announced earlier and commence an offer to buy back existing bonds. The debt financing plan is expected to comprise a private placement of senior notes, a three-year term loan
        68 words
      • Article
        Lock icon Auston goes into web, mobile, media
        67 2 AUSTON International Group has unveiled plans to transform itself from an education service provider into a group involved in mobile, web and media-related businesses. As part of its forays into new business opportunities in the region, it plans to raise about $16.4 million through
        67 words
      • Article
        Lock icon Singapore mulls setting up cleantech park
        54 2 IMAGINE a business zone where companies run only on sun, wind, water or any other form of clean energy. Singapore could see such a cleantech park aimed at producing and operating on clean energy over the next decade, the Economic Development Board said yesterday.
        54 words
      • Article
        Lock icon CIMB group buys stake in BankThai for RM577.4m
        65 2 MALAYSIA'S CIMB group has agreed to acquire a little over 42 per cent of Thailand's Bank Thai for RM577.4 million (*****.3 million), but could pay as much as RMI.9 billion to take over and recapitalise the bank. The deal, which was sealed
        65 words
      • Article
        Lock icon China fuel price hike seen having small inflation impact
        59 2 CHINA'S surprise increase of fuel and power prices on Thursday will not undermine the country's fight against inflation. Higher resource prices will undoubtedly feed into inflation, but in a nation where consumers spend relatively little on fuel products, the impact will
        59 words
      • Article
        Lock icon India tea exports may rise 28% on Kenyan shortfall
        59 2 TEA exports from India, the world's largest producer, may rise 28 per cent this year after drought cut output in Kenya and Iraq renews purchases of low-priced tea from the South Asian country. Overseas sales may top 200 million kg compared
        59 words
      • Article
        Lock icon Thais calling for Samak to step down
        86 2 ABOUT 5,000 Thai protesters gathered at the office of Prime Minister Samak Sundaravej in Bangkok to demand his resignation over ties to former ruler Thaksin Shinawatra, who was ousted in a 2006 coup. Singing anti-Thaksin songs and dancing in the streets, the People's
        86 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      238 2 DISCOVER SECRETS HOW ORDINARY PEOPLE WITH NO EXPERIENCE EARN $10,000 MONTHLY Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! No need to quit your job. MONEY BACK GUARANTEE* to make sure you succeed. "Within 3 months, g± "With no prior ttleameds3BoOin 0^ "I earned $10,000
      238 words
  • Page 2 Miscellaneous
Page thumbnail Page 3
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Challenge of a lifetime
      2159 3 ÜBS chairman Peter Kurer tells GENEVIEVE CUA how he plans to restore the bank's reputation in a difficult economic environment SHORTLY after landing in Singapore from Zurich, ÜBS chairman Peter Kurer delivered an impassioned "town hall" speech to over 500 ÜBS bankers at the swanky Ritz
      JOHN HENG  -  2,159 words
    • Article
      Lock icon UBS' core values in the spotlight
      370 3  -  GENEVIEVE CUA By GOING back to basics, says ÜBS chairman Peter Kurer, is key to ÜBS regaining top position. A cornerstone of that, as he tells his Asia-Pacific staff in his recent Singapore visit, is a fresh focus on the bank's "core values". Here
      370 words
    • Article
      Lock icon Raffles
      97 3 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
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Firms should fill top posts from within: banker
      432 4  -  CHOW PENN NEE Talent development conference also discusses pay gaps in finance sector By CONTRARY to the practice of looking outside an organisation for skilled employees, the development of future leaders should come from within, said DBS new chief executive Richard Stanley.
      FILE PHOTO  -  432 words
    • Article, Illustration
      Lock icon Board makeup of Singapore companies lacks diversity
      790 4  -  SIOW LI SEN NEWS ANALYSIS By: BOARDROOM diversity is sadly lacking in Singapore companies. It's not just the tiny number of women directors but also missing are Indians and Malays who make up a significant minority in our society. For the record, women
      790 words
    • Article
      Lock icon Star Cruises pays ex-director US$10m fee
      349 4 NCL CEO agrees not to compete with company for 5 years STAR Cruises yesterday said its executive director Colin Veitch has resigned effective June 17, to focus on his role as president and chief executive officer of NCL Corporation a cruise line operator in
      349 words
    • Article, Illustration
      Lock icon Volatile week ends higher, but no clear direction ahead
      541 4  -  CONRAD TAN STOCKS STOCKS here ended a volatile week yesterday with slight gains but no clear direction for the week ahead. The Straits Times Index closed 9.15 points or 0.3 per cent higher at 3,001.81, after rising as much as 1.2
      541 words
    • Article
      Lock icon STATS ChipPAC reworks debt structure
      309 5  -  LYNETTE KHOO Move made to effect capital reduction exercise approved in March By STATS ChipPAC said yesterday that it intends to pursue a debt financing plan to fund a proposed capital reduction exercise announced earlier and commence an offer to buy back existing bonds. The
      309 words
    • Article
      Lock icon SingTel's mio TV to broadcast euronews
      284 5  -  OH BOON PING By SINGAPORE Telecommunications (Sing Tel) has reached agreement with euronews to broadcast the international news channel on mio TV later this year. The European news channel will be exclusive to mio TV and available in four different languages English, French, German
      284 words
    • Article
      Lock icon Oculus proposes 4 independent directors
      192 5 EYE-CARE company Oculus has put up names of four independent directors for shareholders to vote on at an extraordinary general meeting on July 9, during which shareholders will also decide whether to remove director Jan Tangkilisan. The four proposed directors are Raymond Tan Soo Khoon,
      192 words
    • Article
      Lock icon Slowing US economy will affect travel sector: SIA CEO
      432 5  -  YEN SREENIVASAN Discretionary travel will be hit but corporate travel is holding up well By A SHARP slowdown in the US economy and the weakening greenback will hit the aviation industry, especially the discretionary travel segment. Singapore Airlines CEO Chew Choon
      432 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      133 4 ZAP IJJ 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
      133 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      67 4 lIJ3 S. RAJARATNAM SCHOOL c IBB! >° F IMTERNATIONAL STUDIES Singapore MiO<x>'><|--i A Graduate School of Nanyang Technological University ]Zs*jSjiZ**y International Foundation Distinguished Public Lecture "Implications for Asia of the New Global Environment" By Mr. Rodrigo de Rato y Figaredo former Managing Director International Monetary Fund (2004 2007) 24th June
      67 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      271 5 INITIAL PUBLIC OFFERIf IPO closes at 12.00 p.m. on 23 June 2008 Established in 1981, Mencast Holdings Ltd. and its subsidiaries ("Mencast") manufacture and supply stemgear equipment and MENCAST HOLDINGS LTD. provide sterngear services for a wide range of commercial (incorporated in the Republic of Singapore on 30 January 2008)
      271 words
Page thumbnail Page 6
  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      1090 6  -  LYNETTE KHOO Star Hub June 20 close: 552.73 DMG Partners Securities, June 20 SPARKY'S back for another challenge: In 2002, Sparky the Jack Russell Terrier created a splash and quickly became the most recognisable and well-loved telco mascot. Back then, the budding canine celebrity had a mission to
      1,090 words
    • Article, Illustration
      Lock icon A matter of yields
      1365 6  -  TEH HOOI LING BT with data from Thomson Reuters, URA, Dept of Statistics SHOW ME THE MONEY The relationship between bond and equity yields and how inflation impacts both ECONOMIST, com has a column called Market. View that appears only on its online edition. This week
      ' BT with data from Thomson Reuters, URA, Dept of Statistics  -  1,365 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      991 6 For week beginning Jun 16 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GKGohHIdgs 19-Jun-08 Goh Yew Lin *Buy 60 0.97 *****2 53.31 *****2 53.33 GKGohHIdgs 19-Jun-08 GKG Inv Hldgs
      991 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      219 7 Partnership Excellence 21st Century Deepwater Development Solution Maersk Contractors and Keppel FELS celebrate the naming of the first in a series of three state-of- *H JP^ftlWl MAERSK CDNTRACTDRS J^^^SB 9SBJ W^^ "ftitS ---iri ,-w^^*^i S)7*^t3B§C i^L^" L-_s jjP&s." —■■■-^Hfi^^^^^a r^ i^Hfitj^k^ \J'|^H "J —"J -a--- ~-~-™^*pL 'fc^iSJL SSB^BB^^^TIIiT *-jqjP.— p_~_
      219 words
Page thumbnail Page 8
  • COMPANY NEWS
    • Article
      Lock icon Auston eyes web, mobile, media sectors
      288 8  -  NISHA RAMCHANDANI RIGHTS ISSUES Group plans $16.4 m rights-warrants issue and disposal of education unit By AUSTON International Group has unveiled plans to transform itself from an education service provider into a group involved in mobile, web and media-rela-ted businesses. As part of its
      288 words
    • Article
      Lock icon ASJ plans rights issue at 5¢ a share
      221 8  -  JOYCE HOOI By ASJ Holdings, an electronic component manufacturer and distributor, plans to launch a rights issue to finance part of its acquisition of CRL Components. The proposed renounceable non-underwritten rights issue will be priced at five cents per rights share. ASJ
      221 words
    • Article
      Lock icon Indofood to expand into sugar sector
      363 8  -  NISHA RAMCHANDANI By MAINBOARD-LISTED Indofood Agri Resources is looking to expand and diversify by venturing into Indonesia's sugar industry through a proposed $56 million acquisition of sugar cane plantation company PT Lajuperdana (PT LPI). Indofood Agri Resources's business model involves the cultivation, milling and
      363 words
    • COMPANY BRIEFS
      • Article
        Lock icon Burwill Holdings suspends trading
        35 8 BURWILL Holdings suspended trading in the company's shares from yesterday "pending the release of an announcement in relation to an open offer of the company, which is price sensitive in nature".
        35 words
      • Article
        Lock icon Jeremy Ang appointed CEO of Sicom
        63 8 SINGAPORE Exchange (SGX) has appointed Jeremy Ang Peng Leong as chief executive officer of Singapore Commodity Exchange (Sicom). The appointment, which takes effect on July 16, follows the acquisition of Sicom, which is scheduled to be completed by end-June. Mr Ang is currently the
        63 words
      • Article
        Lock icon Cosco unif s director sells stake in parent firm
        82 8 SIA Eng Beng, a director of Cosco Corporation (S)'s unit, Costar Shipping, has sold his entire stake of 1.1 million shares in the parent company at $3.43 per share in the open market. The director acquired one million Cosco shares in
        82 words
      • Article
        Lock icon Aztech Systems closes Sabah branch office
        45 8 AZTECH Systems Ltd said that it has closed its Sabah branch office as part of its efforts to rationalise its operations under the current economic situation. The group has appointed distributors in East Malaysia to carry out the sales.
        45 words
      • Article
        Lock icon Eastgate subsidiary stops manufacturing operation
        29 8 EASTGATE Technology Limited said that its Singapore subsidiary, Media Gate Pte Ltd, has decided to cease its manufacturing operation with effect from mid-July 2008.
        29 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8381 8 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced lund'S- 162/ AIGIF Spore Bond Fund/A 1 515/ APS Asset Mgt Pte Ltd APS Alpha Fund!** "98/ APS Alpha Fund (USD) "72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9622/ APS Komaba
      8,381 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore mulls setting up deantech park
      487 9  -  JAMIE LEE Zone producing and operating on clean energy could be running in a decade By IMAGINE a business zone where companies run only on sun, wind, water or any other form of clean energy. Singapore could see such a cleantech park aimed at
      487 words
    • Article
      Lock icon Grants given for ageing research
      202 9 THE National Research Foundation (NRF) introduced a new grant scheme with a narrower scope yesterday, as it also awarded $10 million apiece to four new and diverse research programmes. It has called for new research into the ageing population problem under a new scenario-based competitive
      202 words
    • Article, Illustration
      Lock icon BT BAF receives concert tickets from CIMB-GK
      180 9 CIMB-GK's recently appointed chief executive Carol Fong yesterday presented gala concert tickets to Colin Goh, general manager of The Arts House, which administers the Business Times Budding Artists Fund (BT BAF). Tickets to the CIMB-SSO Emanuel Ax Plays Chopin concert were handed over
      180 words
    • Article
      Lock icon IRAS targets firms to e-file staff income
      323 9  -  LYNN KAN By COME 2009, all employers with 100 or more employees must use the electronic Auto-Inclusion Scheme (AIS) to provide his employees with a statement of his salaries. There are currently 1,100 such employers on the scheme but the Inland Revenue Authority
      323 words
    • Article
      Lock icon More firms give lump-sum payments to ease inflation
      237 9 THE number of unionised companies making a one-off lump-sum payment to workers to ease their inflation woes has tripled from 20 to 60 since the end of May. "This is a very good sign. I would say that it is good momentum
      237 words
    • Article
      Lock icon Campaign launched to promote entrepreneurship
      234 9 ABOUT 20 entrepreneurs and public sector representatives yesterday launched a campaign called "Why Not?" at Dhoby Ghaut MRT Station to promote higher entrepreneurship in Singapore. "Why Not?" is all about developing new ideas for local business ideas that were not deemed viable a mere five
      234 words
    • Article
      Lock icon HSBC offers clients new service
      218 9  -  JOYCE HOOI Wealth management service for upper-mid segment By HSBL nas launcnea a wealth management service in the Infinity programme catering to its up-per-mid customer segment. "Most customers in the upper-mid segment are at a stage where they are planning for their children's education or
      218 words
    • Article, Illustration
      Lock icon MP Jessica Tan to head Microsoft S'pore
      186 9 MEMBER of Parliament Jessica Tan will take on a new appointment at software titan Microsoft on July 1 head of Singapore operations. Ms Tan is currently the company's general manager of customer, partner and employee experience for the Asia-Pacific region. In her new
      ASHLEIGH SIM/THE STRAITS TIMES  -  186 words
    • Article
      Lock icon Hong Fok tops up Concourse lease
      176 9 HONG Fok Corporation has paid the government $83 million to top up the lease of The Concourse site at Beach Road to 99 years from March 13, 2008. The lease will now expire in 2107. The original lease was valid for a further 71
      176 words
    • Article
      Lock icon MOM introduces new conditions to protect foreign workers
      258 9 TO better safeguard the well-being of foreign workers here, the Ministry of Manpower (MOM) is introducing new Work Permit and S Pass conditions that make clear certain malpractices by employers and employment agencies are offences. From July 14, it is an offence
      258 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      231 9 IpiHilWIPiW BUNKER QUANTITY SURVEYORS Maritec seeks bunker surveyors who already possess a valid MPA bunker surveyor license for direct employment with full company benefits. We will also accept applicants who are prepared to undergo training to qualify for a Bunker Surveyor's licence. C/ Engineers/Master Mariners/Graduates in a marine discipline who
      231 words
Page thumbnail Page 10
  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Hydro visual treat at Bedok Reservoir
      542 10  -  SANGEETHA MADHAVAN By' WHEN I told a friend who lives in an apartment overlooking Bedok Reservoir that the closing celebrations of the Singapore Arts Festival were to be held at the reservoir, her reaction was one of incredulity. Why, she asked. Good question. The
      542 words
    • Article, Illustration
      Lock icon Temple with no structure
      732 10 Emotions, random thoughts, freely associated images, dialogue and words are the interactions of seven 'fractured' characters who lock themselves into an abandoned sports hall, says CHEAH UI-HOON FOR Temple, playwright and director Natalie Hennedige envisioned the inside of a sports hall. She was "especially drawn to
      PHOTOS: ALBERT SIM, LIM WUI LIANG/THE STRAITS TIMES  -  732 words
    • Article
      Lock icon BURSA MALAYSIA
      2242 10 VOL C000) lun20 RM ASM Realty 0.60 \bric Bhd 0.14 advance Synergy 0.10 Adventa Bhd 1.16 AeMuIti Hldgs 0.24 Win Holdings 1.85 Ahmad Zaki Resou 0.75 Aic Corp 0.51 \irasia Bhd 0.87 Akn Technology 0.44 alliance Financi 2.77 aluminium Co 1.01 Amalgamated Ind 0.46 Ammb Hldgs Bhd 3.18
      2,242 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      59 10 **uKM**f&L DISCOVER YOURSELF! the morning sfcov NENGUS||) Starting 9 June 2008 With just a birth date, every —-g^to^rldy get to know your: Character Suitable careers fUTTf] Lucky colours Hzl jptt|| 1900-914-0002 Callers below 18 years of age must get parental consent. Customer Service Hotline: 6319 2333 This service is provided
      59 words
Page thumbnail Page 11
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon CIMB group buys stake in BankThai for RM577.4m
      538 11  -  PAULINE NG in Kuala Lumpur But it may pay up to RM 1.9b to take over and recapitalise the bank By MALAYSIA'S CIMB group has entered into an agreement to acquire a little over 42 per cent of Thailand's Bank Thai for
      BLOOMBERG  -  538 words
    • Article, Illustration
      Lock icon M'sia to woo more Islamic funds
      611 11 It wants to issue licences abroad and lets banks set units up [KUALA LUMPUR] Malaysia will allow more lenders to set up Islamic bank units and plans to issue licences for overseas Islamic fund management companies to woo investments in products that comply with
      BLOOMBERG FILE PHOTO  -  611 words
    • Article
      Lock icon Yudhoyono calls for bicycle use to reduce pollution
      256 11 [JAKARTA] Indonesian President Susilo Bambang Yudhoyono has called on the public to use bicycles in their daily activities to help reduce air pollution. Cycling has a lot of benefits, the head of state said at the presidential palace here yesterday morning before
      256 words
    • Article
      Lock icon Traffic police on inline skates to clear jams
      205 11 ■AP [JAKARTA] Indonesia is rolling out a new weapon in its battle against gridlock: traffic police on inline skates. The idea is that officers will be able to reach traffic jams in the capital Jakarta quicker than by car or motorbike, the
      ■AP  -  205 words
    • Article
      Lock icon Indonesian VP stands by A-G under fire to quit
      320 11 [JAKARTA] Indonesia's vice-president defended the embattled attorney-gen-eral yesterday as critics clamoured for his resignation over an embarrassing corruption scandal involving top prosecutors. The bribery allegations against the attorney-gene-ral's office, backed by a series of secretly taped conversations played at the ongoing
      320 words
    • Article
      Lock icon Jakarta to charge former spy over activist's murder
      527 11 AFP [JAKARTA] Indonesian police were preparing to charge a former spy yesterday over the murder of a rights activist in 2004, in what is being seen as a crucial test case for the rule of law after the Suharto era. It is
      AFP  -  527 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      14 11 Lianhe Zaobao WilinGMßiEfflMaß rules of the game of business in China 4-4-PJ. I HU
      14 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      668 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HAIYAN INVESTMENTS PTE LTD [In Member's Voluntary Liquidation] Co. Reg. No. *****8159H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of Hai Van Investment! Pie lid [the "Company'} duly convened and held at
      668 words
Page thumbnail Page 12
  • GREATER CHINA
    • Article, Illustration
      Lock icon Fuel price hike seen having small inflation impact
      561 12 Economists expect a one-point rise, at most, in China's consumer inflation [BEIJING] China's surprise increase of fuel and power prices on Thursday will not undermine the country's fight against inflation. It also reflects growing confidence that overall price pressures can be contained.
      REUTERS  -  561 words
    • Article
      Lock icon US asset freeze on Iran-linked China firm lifted
      277 12 Blacklisting of China Great Wall dates back to June 2006 [WASHINGTON] The US Treasury Department said on Thursday that it was lifting an asset freeze on a Chinese company and its US subsidiary after they were blacklisted for aiding Iran's missile programme.
      277 words
    • Article
      Lock icon SGX MAINBOARD
      8516 12 Transaction date: Jun 20 !-wks Tel Low Code Last Sale V lay Low Bi .as1 Quote Seller Div C'vr Net P/E I Cap Smil Hii Coi Hii 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp 24.5 7
      8,516 words
Page thumbnail Page 13
  • INDIA
    • Article
      Lock icon Tea exports may rise 28% this year on Kenyan shortfall
      422 13 But higher overseas sales may cut domestic availability and drive up costs [MUMBAI] Tea exports from India, the world's largest producer, may rise 28 per cent this year after drought cut output in Kenya and Iraq renews purchases of low-priced
      422 words
    • Article
      Lock icon Domestic airfares rise by up to 3,000 rupees
      192 13 [NEW DELHI] Air travellers will have to pay more from yesterday as major airlines on Thursday announced an increase of up to 3,000 rupees (Ss9s) in their base fares for domestic sectors, Press Trust of India reported. Sources in the aviation industry
      192 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        61 13 VOLUME Sing Tel 35,587,000 China Hongxing 32,115,000 Asia Tiger R 26,196,000 Golden Agri 25,510,000 Mercator 24,990,000 Capita Land 23,046,000 DBS DB eCWOBIOI3 21,994,000 UniFiber 18,472,000 Oceanus 18,205,000 CapitalanMßLeCWoBo9o2 14,499,000 Clob VALUE Capita Land 136,833,670 Sing Tel 133,103,888 DBS Grp 65,368,724 Wilmar 55,637,130 UOB 53,576,860 OCBCBk 51,385,700 Keppel
        61 words
      • Article
        Lock icon RISES
        105 13 BY CENTS CLOSE UP JMH 3064 161.1 4.0 GLD 10US$ 8898 117.4 1.0 Caj litaLand 608 36.0 6.3 OCBCCai :.93%Pref10 9910 20.0 0.2 SIA200 1506 18.0 1.2 Caj iitalanMBLiCW***** 186 16.0 9.. Kei iCori MBLJCW*****3 453 13.0 3.0 F&N 456 12.0 2.7 Kei i Con MBLJCW*****0 353 10.0 2.9
        105 words
      • Article
        Lock icon FALLS
        120 13 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN India Nift' 10 1385 -59.0 -4.1 JSH 1700 -43.7 -1.8 IS MSCI India 100 621 -41.0 -4.6 GuocoLand Ltd 218 -25.0 -10.3 Straits Trdj 680 -20.0 -2.9 StraitsAsia 350 -20.0 -5.4 China H
        120 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      78 13 Up Down Unch 6 8 3 Up Down Unch OOP Up Down Unch 6 8 3 Multi Ind Manufacturing 52 72 46 16 56 75 62 Commerce 22 18 16 29 20 19 )t/Stor/Comms 16 13 16 15 Finance 16 16 Construction Proi 17 13 17 Hotels/Rsts
      78 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 13 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 16,784 16,784 83,229 83,229 Manufacturini 243,101 13,409 256,510 218,715 1,263 219,978 Commerce 38,396 26,329 64,725 60,470 8,426 68,896 )t/Stor/Comms 114,454 1,681 116, 135 277,747 658 278,405 Finance 27,464 27,464 221,002 221,002 Construction 29,033 9,667 38,700 7,802 590 8,391 Properties
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      41 13 Stock name Close Change Stock name Close Change CapitaLand 6.080 +0.360 Olam 2.580 !apTi fev" .osco .orp ■ngg irp ■ngg Jerri Jeml .orp Jeml TaT Iaf( fine" ipel .orp leverage Fppel .am imar mp 'angzijiang 'ani Tor
      41 words
    • Article
      Lock icon BONDS & WARRANTS
      1103 13 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 3816 Asiasons Capital Ltd W*****7 6 0.5 17 1 6 10 1.58 15 3802 Capitaland BNP ECW*****4 4 0.5 420 0.1 731 6 4469 Capitaland BNP EPW*****3 30 -4
      1,103 words
    • Article
      Lock icon SGX CATALIST
      2106 13 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
      2,106 words
    • Article
      Lock icon SGX XTRANET
      82 13 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 Com _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      82 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 13 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 133.6 60 6000 AVJennings 21.5 4 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A60 A8 US20.5 HK235 +0.5 unch
      74 words
Page thumbnail Page 14
  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Thai protesters seek Samak resignation
      677 14 Bloomberg 5,000 protesters demand his resignation over ties with Thaksin [Bangkok] About 5,000 Thai protesters gathered at the office of Prime Minister Samak Sundaravej in Bangkok to demand his resignation over ties to former ruler Thaksin Shinawatra, who was ousted in a 2006 coup. Singing
      Bloomberg; AFP  -  677 words
    • Article, Illustration
      Lock icon Hedge fund arrests send chill through industry
      764 14 Reuters Managers lied to investors about portfolios in trouble [BOSTON] Pictures of hedge fund managers in handcuffs being led away to face fraud charges on Thursday have sent a chilling message to the US$2 trillion industry. The warning was clear: Mind what you
      Reuters; AP  -  764 words
    • Article
      Lock icon Sumitomo may take stake in Barclays
      525 14 Bloomberg [LONDON] Barclays pic may get 100 billion yen (Ssl.3 billion) from Japan's Sumitomo Mitsui Financial Group Inc to restore depleted capital, Nikkei English News reported, without saying where it got the information. Tokyo-based Sumitomo Mitsui Banking Corp, the banking unit of Sumitomo Mitsui
      Bloomberg  -  525 words
    • Article
      Lock icon Gulf sovereign funds pour money into London skyline
      707 14 NYT [LONDON] Some of the construction cranes rising over the City of London, the financial hub of Europe, bear the seal of sovereign riches. Not British riches but Middle Eastern ones. After investing in the financial industry here, sovereign wealth funds from
      NYT  -  707 words
    • Article
      Lock icon Hull & Humber spies competition as fog lifts
      363 14 Hull Humber spies competition as fog lifts THE fleet has struggled for the last 48 hours in light and fickle winds that constantly change direction and are made worse by thick fog banks that are synonymous with the Grand Banks, according to a report filed on Thursday. The recent conditions
      363 words
Page thumbnail Page 15
  • MOTORING
    • Article, Illustration
      Lock icon What sets an F1 champion apart from the rest?
      468 15  -  SAMUEL EE F1 WATCH Despite recent setbacks, Kimi and Hamilton have harnessed the power of positive thinking for the French Grand Prix By WHAT would you say is the main difference between ordinary folks like us and a Formula One ace
      GETTY IMAGES  -  468 words
    • Article, Illustration
      Lock icon Vevet lounge on wheels
      686 15 The latest Toyota Alphard is bigger and comes with two variants, the Alphard and the Vellfire, reports SAMUEL EE ALMOST no MPV has ever been elevated to the level of a status symbol, but the Toyota Alphard certainly comes close. This luxury multi-purpose vehicle, when chauffeur-driven,
      JOHN HENG  -  686 words
    • Article, Illustration
      Lock icon Forester loses last vestige of wildness
      609 15  -  SAMUEL EE By! THE most interesting feature of the Subaru brand these days is not how niche its products are but how mainstream they have become. One of the best examples of this has to be the new Forester sport-utility vehicle. This third-generation SUV
      609 words
Page thumbnail Page 16
  • GOLF
    • Article, Illustration
      Lock icon When injuries stop play
      1573 16 Recuperation and rehabilitation can take a long time, depending on the individual's fitness and on what level he is playing at, reports JUSTINE MOSS ANYONE who watched the coverage of last week's US Open would have noticed the painful grimaces on the face of the world's
      AP; GOLF ASIA; ASIAN TOUR  -  1,573 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      615 16 Wine&dine with weekendßT Mezeßar Oscar's also offers over 30 wine labels, available by the the ocean crab, slipper lobster, prawn, mussels, For reservations, please call 6826 8240 or email glass and bottle. oysters, and salmon! You can eat it all at one low price celebrate.sin@panpacific.com 333 Orchard Road Mentus Mandarin
      615 words
Page thumbnail Page 17
  • WELLNESS
    • Article, Illustration
      Lock icon Pump it up – easily, safely
      615 17  - Pump it up easily, safely CHEAH UI-HOON When it comes to our bodies, there are some things we want more of, and then others we want less of. BT Weekend looks at innovations in the areas where boosts are always welcome the bosom and the scalp By I IRST, we
      615 words
    • Article, Illustration
      Lock icon From thinning to luxuriant
      755 17  -  CHRISTOPHER LIM By THINNING hair is a fact of life for most men as they accumulate birthdays. It's certainly not a disease in the sense of something being wrong with your body. But it's not something men are happy putting up with. While it's a lot
      755 words
    • Article
      Lock icon Even cancers that spread now treatable
      1074 17 -NYT [NEW YORK] To see Barry Cooper working out at the YMCA in Brooklyn every morning before going to work as a patent lawyer, you would be unlikely to guess that he has cancer. Mr Cooper, 63, and a grandfather of two, is one
      -NYT  -  1,074 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      250 17 CRYPTIC CROSSWORD ACROSS 4 Crew on top of ship's hold 6 Party piece torn apart (9) (7) 7 Present American leader 5 A turn on river then left port with battle dead... (5) (9) 10 ...US force remains prepared 8 Dog and cat house-trained? (7) (7) 11 Hostess in lounge
      250 words
Page thumbnail Page 18
  • SHOPPING
    • Article, Illustration
      Lock icon Homeware with a funky twist
      994 18 Fancy an idiot-proof iron or a microwave lookalike that gets rid of bacteria and odour? CHEAH UI-HOON reports F PART of your pastime includes checking out the do-it-yourself stores for the latest gadgets and tools, then you're in luck, as there are more innovations coming
      994 words
    • Article, Illustration
      Lock icon Indie boutique that doubles as bohemian haven
      544 18  -  LYNN KAN SHIMIN by THE Stuff Room might not have a lot of, well, "stuff yet, but it's part of the growing segment of independent stores out there that are purveying edgier fashion a trend that seems to be on the rise here.
      JOHN HENG  -  544 words
Page thumbnail Page 19
  • TRAVEL
    • Article, Illustration
      Lock icon An inviting beach destination
      983 19 The recently renovated Gregolimano in Greece, with its family-centric formula, is perhaps an archetypal 21st-century Club Mcd resort, says GEOFFREY EU THE summer months are usually synonymous with family-friendly vacations at any number of beach destinations around the world. But when it comes to people who
      GEOFFREY EU  -  983 words
    • Article, Illustration
      Lock icon Guiding Club Med's change in direction
      649 19  -  GEOFFREY EU By WHEN Club Mcd CEO Henri Giscard d'Estaing was building an upscale resort in Marrakech, he and members of his management team visited the super-luxury Amanjena resort in the same city where the architecture buff in him admired the scale and beauty
      CLUB MED  -  649 words
Page thumbnail Page 20
  • THE BUSINESS TIMES weekend
    • Variety is the spice of life
      • Article, Illustration
        Lock icon Classic western from the past
        902 20  -  GEOFFREY EU THE WHITE RABBIT 39C Harding Road Tel: 6473-9965 www.thewhiterabbit.com RUNNING a rooftop bar and opening a high-con-cept restaurant are two totally different things. But that didn't stop friends and business partners Tengwen Wee and Daniel He from pulling a rabbit make that The
        PHOTOS: ARTHUR LEE  -  902 words
      • Article, Illustration
        Lock icon French with a Japanese accent
        833 20  -  JAIME EE SHIBAKEN FRENCH CUISINE #02-02A Gallery Hotel Tel: 6836-1613 Open for dinner only from Sunday to Friday Closed on Saturday PUT a Japanese chef behind a counter and your immediate reaction is to ask him to make you a couple of pieces of chu-toro
        833 words
      • Article, Illustration
        Lock icon Stop and eat the flowers
        582 20  -  CLARISSA TAN EDEN SANCTUARY 44 Rochester Park Tel: 6777-1189 ™WO pots of basil sit on every table at the Eden Sanctuary. The restaurant's founder, Clement Ng, encourages you to pinch a few leaves and scatter them on your food. The dishes themselves are likely to
        *£5L 1 JOHN HENG  -  582 words
  • Page 20 Miscellaneous