The Business Times, 30 June 2008

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Microfilm: NL29386
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg mm a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Monday, June 30,2008
    25 words
  • Article, Illustration
    Lock icon HK turning into fine wine trading hub
    555 1  -  JANE MOIR Scrapping of duties sparks flurry of auction activity By in Hong Kong HONG KONG is on track to become a major wine trading centre, as consumption in the region doubles by 2012, says the city's finance chief. Hong Kong scrapped wine
    REUTERS  -  555 words
  • Article
    Lock icon 'Toxic' issues drag down small caps
    1007 1  -  CHEWXIANG By Convertible bonds depress shares when funds unload for quick profit [SINGAPORE] A controversial debt instrument blamed overseas for sending small caps' share prices into a "death spiral" is now raising a stink in the local stock market. These "instruments of mass destruction",
    1,007 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      47 1 GOURMET CHOICE IW^, VIEWS FROM THE TOP BizlT BE INSPIRED AWARDS If How good is Wanted: More than 100 Zap for daily inspiration. Modern European ,/H^ infocomm technology? engineers for Gemalto Win a Zegna Sports MM excellence pagesu-is ";;|L pages 10-11 page 34 Gym Kit! page 9
      47 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon A time for caution on Wall St – and maybe capitulation
        98 2 A time for caution on Wall St and maybe capitulation IF THERE was any doubt that the Bear was back in control on Wall Street, those thoughts were firmly dispelled last week. A string of volatile trading sessions that pointed firmly in the direction of losses culminated in a two
        98 words
      • Article
        Lock icon Construction stocks: keep the 3 S's in mind
        62 2 THE construction industry is being battered from every angle margins are being squeezed, the prices of sand, concrete and steel have been taking turns to take off, and residential property sales have turned anaemic. It isn't surprising then that some pundits are
        62 words
      • Article
        Lock icon OCBC China opens second sub-branch
        56 2 OCBC'S wholly owned subsidiary, OCBC Bank (China) Ltd, will open its second sub-branch, Shanghai Gardens, in Chengdu today. In addition, the bank's branches in Chengdu and Shanghai have received regulatory approval which allows the bank to offer Chinese renminbi-denominated products to Chinese citizens in these
        56 words
      • Article
        Lock icon NZ renewable energy firm sets up base here
        77 2 SINGAPORE has attracted renewable energy company Pure Power Global to set up base here. That's despite a relative lack here of biomass, or organic material that can be used as fuel. The New Zealand-originated firm plans to drive its future acquisitions in
        77 words
      • Article
        Lock icon Shell seeking partners for new US$500m plant
        79 2 SHELL Chemicals is currently talking to potential partners for a significant new styrene monomer/propylene oxide investment expected to cost at least US$5OO million which could be built in Singapore, a senior executive told BT. Its general manager for SMPO derivatives, Fang Yea-Yee, said
        79 words
      • Article
        Lock icon Anwar denies sodomy claim, seeks refuge at embassy
        76 2 MALAYSIA'S de facto opposition leader, Anwar Ibrahim, yesterday denied allegations that he had sodomised an aide, but then took refuge at the Turkish embassy for what his party said were security reasons. Dismissing the charges as an attempt by the government to
        76 words
      • Article
        Lock icon UBS mulling sale of Paine Webber: sources
        38 2 BELEAGUERED Swiss bank ÜBS is considering the sale of Paine Webber, the heart of its US wealth management business, according to sources with direct knowledge of the matter. WORLD, PAGE 23
        38 words
      • Article
        Lock icon Gemalto to hire 100 R&D engineers in S'pore
        96 2 DIGITAL security provider Gemalto, which last year shipped more than 1.2 billion intelligent devices such as Subscriber Identity Module (SIM) cards for mobile phones, wants to hire more than 100 engineers in Singapore to bolster its research and development centre here, said
        96 words
    • Article
      Lock icon S'pore, HK tax systems seen as most fair
      740 2  -  MICHELLE QUAH By They score on simplicity and transparency in ACCA survey [SINGAPORE] Singapore and Hong Kong have the fairest and most transparent tax systems, out of six major developed countries, says an international study of finance professionals. Australia, the United Kingdom
      740 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        54 2 ST Index 2,955.91 -45.90 KL COMP 1,190.54 -16.13 NIKKEI 225 13,544.36 -397.72 HANG SENG 22,042.35 -703.25 SET INDEX 775.73 +6.83 JAKARTA COMP 2,332.12 -39.66 MANILA COMP 2,466.28 -112.29 SEOUL COMP 1,684.45 -46.55 SHENZHEN B 471.21 -4.33 MUMBAI IND 13,802.22 -769.07 DOW 11,346.51 -496.18 NASDAQ 2,315.63 -90.46 S&P 500 1,278.38
        54 words
      • Article
        Lock icon PRIME RATES
        31 2 Bloomberg Source: JMNUHrURL J.D, MALAYSIA 6.7; HONG KONG 5.2 1 INDONESIA 15.501 FAIWAN 6.311 JAPAN 1.87! KOREA 9.3: BRITAIN 5.0I US 5.0I CANADA 4.7 1 SWITZERLAND 3.6' INDIA 12.7!
        Bloomberg  -  31 words
      • Article
        Lock icon FOREX
        43 2 US$ (S$ per US$) 1.364 £(US: i/S: per 1.983 2.705 EURO (USS/SS/E) 1.573 2.146 YEN 106.40 78.00 RM 3.263 2.392 HK! 7.802 5.720 BAHT 33.58 24.62 RUPIAH 9.212 6.754 RENMINBI 6.862 5.031 INDIAN RUPEE 42.83 31.40 A$ 1.042 0.764 NZ$ 1.320 0.968
        43 words
    • Article, Illustration
      Lock icon A time for caution – and maybe capitulation
      910 4  - A time for caution and maybe capitulation ANDREW MARKS WALL STREET INSIGHT By in New York Market looking for a bottom, with no sense that it's been reached yet: traders IF THERE was any doubt that the Bear was back in control on Wall Street, those thoughts were firmly dispelled
      910 words
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      Lock icon Page 2 Advertisements Column 1
      377 2 Asia-Pacific Economic Cooperation F Workshop on I I Trade Recovery Programme 23 24 July 2008 Orchard Hotel, Singapore What is the APEC Trade Recovery Programme? The security of the global supply chain Is critical to continued world economic development, especially amidst the threat from international terrorism. The Asia-Pacific Economic Cooperation
      377 words
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      Lock icon Page 2 Advertisements Column 2
      44 2 Prive is now open on Mondays too J f^k Both lunch dinner Monday to Saturday 'The Bakery Cafe and Waterfront Bar are open 7 days a week Prive, Marina at Keppel Bay, 2 Keppel Bay Vista Reservations are required. Please call +65 6776 0777
      44 words
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      129 3 GENEVE 1 m/'/ vS mX% S^JP A. Ift geneve >^ .11 E^£ .24 "^Crjft i\ml\ ■"ismw^^^-ii"U jgJ'\kfr, lyft. Bnl■ <=^ "1 Wjl m HJ I sr* O 11 y |i-^M*-fll I DAY AND NIGHT FRANCK MULLER BOUTIQUE SINGAPORE DELFI ORCHARD (65) 6733 9113 MALAYSIA KLCC SHOPPING CENTRE (603) 2166 2173
      129 words
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  • Page 4 Advertisements
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      240 4 Sit back and relax as we take care of your car. "I just love the way they pamper me and my car." [1 Vincent Ng, entrepreneur f{ and World Wushu champion I Y^-"V1 i—-, m. —^^^^^-»^*^-»^g*»^»^^^^^^^^. 1 Introducing STAR BLACK a Premium Repair and Service Centre exclusively for BMW and
      240 words
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      136 4 Departs Daily to Kuala Lumpur Malacca from Orchard Road book now k) Direct to Malaysia! No Transfers needed 28 seater Business Class Seats and Individual LCD, Meeting Lounge on lower deck A FLEET OF EXCLUSIVE CLASS MOTORCOACHES FOR CHARTER FRIENDLY PROFESSIONAL SERVICE ASSURED Corporate Incentive Conference Package Tours Malaysia Overland
      136 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is the sub-prime crisis really over?
      688 6  -  R SIVANITHY STOCKS ONE of the most striking things about the past couple of months is how quickly the phrases "sub-prime crisis" and "credit crunch" have disappeared from mainstream consciousness, both replaced by "inflationary worries" and "oil crisis" as the stock market's main bogeymen.
      688 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      485 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ac) Cash/Bonus; (ag) Dividend/Distribition; (ai) To be announced; (ak) Final Tax Exempt (One Tier); (am) First and Final Tax Exempt; (an) First and Final Tax Exempt (One Tier); (as) Interim; (aw)
      485 words
    • Article
      Lock icon Oil hits record highs despite Saudi output boost
      505 6 AFP COMMODITIES [LONDON] Oil prices hit fresh record highs above US$l42 last week as a high-level energy summit between consumers and producers in Jeddah, Saudi Arabia, failed to dampen the red-hot market. Prices moved higher as traders concentrated on fresh violence in
      AFP  -  505 words
    • Article
      Lock icon Asian units end week mixed against US dollar
      460 6 CURRENCIES [HONG KONG] Major Asian currencies ended the week mixed against the US dollar after oil prices soared to new records and the US Federal Reserve left lending rates unchanged. Japanese yen: The yen rebounded to a two-week high against the dollar
      460 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1754 6 Source: Reuters LEGEND for consensus recommendation: Less than or equal to 1.5 Buy Less than or equal to 2.5 but more than 1.5 Outperform Less than or equal to 3.5 but more than 2.5 Hold Less than or equal to 4.5 but more than 3.5 Underperform More than
      1,754 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 6 Jun 27 VALUE CLOSE -615.00 -12.0C IT OB/OS IT CADI -*****.00-176.0i IT 10-day MA -*****.00 -61.0' TSE ST Mid Cap 725.90 -9.4I TSE ST Small Cap 619.33 -6.5 TSE ST All Share 748.68 -7.1 TSE ST China 426.42 -6.6! IOB Catalist 142.34 -0.6: iMSCI 362.62 -3.5 iMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Golden Agri 175,835,000 Oceanus 163,740,000 Sing Tel 135,207,000 Jade Tech 127,432,000 China Honqxinq 116,948,000 Li Henq 91,543,000 DBS DBeCWOBIOI3 89,876,000 ChinaNTown 83,099,000 Noble Grp 82,487,000 Magnus 69,485,000 VALUE(S) DBS Grp 536,906,512 Sing Tel 500,812,055 Keppel Corp 407,714,818 UOB 353,750,881 SGX 300,942,932 Capita Land 293,963,828 OCBC Bk
      60 words
    • Article
      Lock icon RISES
      101 6 BY CENTS CLOSE UP 9112 291.9 2.4 LD 10US$ At 1082 50.0 4.8 'enture Con 1010 40.0 4.1 ICBC Bk4.5%NCPS 100 ***** 36.0 0.4 Cmdfr 10US$ 457 25.9 4.3 itar Hub 290 17.0 6.2 lardine C&C 1676 16.0 1.0 T&T 548 15.0 2.8 ioustead 231 12.0 5.5 IOB 1896
      101 words
    • Article
      Lock icon FALLS
      128 6 Closing prices are in trading currencies, but absolute difference is in Ss. China H 10US$ CLOSE DOWN 1518 -91.4 -4.2 JMH 3000 -87.3 -2.1 >r India Ni 10 1301 -84.0 -6.1 Da in irm 492 -72.3 -9.7 SGX DB eCW*****9 36 -57.0 -61.3 DBS MBL iCW*****3 649 -55.0 -7.8
      128 words
    • Article
      Lock icon CURRENCIES
      80 6 Vhere S$ stands Jun 11 CHNG CLOSE FRJUI126 YR2008 S$ LOW S$ HIGH ISS 1.3617 0.26 1.4542 1.3457 iuro 2.1467 -0.35 2.2064 2.0474 'ounds 2.7047 -0.20 2.8431 2.6568 1.3095 0.04 1.3235 1.2349 ren* 1.2814 -1.20 1.4484 1.2619 lupiah* 0.***** 0.37 0.***** 0.***** !aht* 4.0611 0.17 4.4299 4.0605® •eso* 3.0395
      80 words
    • Article, Illustration
      Lock icon Cautious buying, low sales by funds
      1461 8  -  ROBERT HALILI INSIDE MARKETS By Despite the STI having shed 7.4% this month, transaction figures suggest market may have more room to fall in near term THE sharp fall in the market this month which has seen the Straits Times Index shed more than
      ■:Asia Insider Limited  -  1,461 words
    • Article
      Lock icon STOCKS ASIA
      2806 8 Transaction date: Jun 27 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
      2,806 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      122 8 Stock name Close Chani Cai .and 5.590 -0.100 Cai iMall 2.900 -0.050 Cit' 10.820 -0.380 Cosco Con 3.220 -0.080 DBS Gri 19.080 +0.08I FSN 4.550 -0.040 Gent Intl 0.590 HKLand 4.120 -0.040 JSH 16.800 +0.640 Jardine CSC 16.760 -0.060 tod name lose lange Kei Con 10.880
      122 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      100 8 Up Down Unch Up Down Undi Up Down Unch Multi Ind 4 13 1 0 0 0 4 13 1 Manufacturing 43 141 46 26 50 167 53 Commerce 20 42 21 10 28 52 27 r/C. ims 13 23 15 25 Finance 10 23 10 24
      100 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 130,113 130,113 618,546 618,546 Manufacturini 1,077,467 234,063 1,311,530 907,655 25,869 933,524 Commerce 236,801 198,478 435,279 416,298 71,505 487,803 ]t/Stor/Comms 424,433 24,799 449,232 1,150,379 9,894 1,160,273 Finance 152,223 6,988 159,211 1,494,753 1,770 1,496,523 Construction 119,173 82,924 202,097 27,013 5,930 32,943
      121 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Construction stocks: keep the 3 S's in mind
      961 7  -  JOYCE HOOI By Tiptoeing gingerly around the sector, think specialised, short and selective THEY say there's no business like show business; right now, they are also saying there's no worse business than the construction business. The construction industry is being battered from
      961 words
    • Article
      Lock icon Understanding 'call' and 'put'
      446 7 WARRANT INSIGHTS THE Business Times is pleased to announce the start of a new weekly column today which will be devoted to answering your questions about warrants and the Singapore warrant market. Readers are encouraged to send in their questions via e-mail to the address given
      446 words
    • Article, Illustration
      Lock icon KepFels completes new-gen Ensco rig
      481 9  -  VINCENT WEE USs2.sb fleet of six will form backbone of Ensco's future deepwater rigs By KEPPEL Fels has completed the first of Ensco International's six new-genera-tion deepwater semi-sub-mersibles, called the Ensco 8500 Series. These rigs, built at a cost of US$2.5 billion, will form the
      481 words
    • Article
      Lock icon OCBC opens 2nd Chengdu sub-branch
      285 9  -  AMIT ROY CHOUDHURY By OCBC Bank's wholly owned subsidiary, OCBC Bank (China) Ltd, will open its second sub-branch, Shanghai Gardens, in Chengdu today. In addition, the bank's branches in Chengdu and Shanghai have received regulatory approval that allows the bank to offer ren-minbi-denominated products to
      285 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      118 7 LEVERAGE y i .•BBBBBBoMbttK J «M|HiAaMM||iM^AS jBBSjSsa^BHBpff^BPBBBSM F —*^"jffffj&SiS^^MKrillJßM^^rffc^Bß!^ -^--'.f^Z "-r£r%fii?s-^ r'*'iS^§*^sßlH ESSSES"??a155SaS^in3yY^B P|PsHPJjsftsß HEombl j""*"■ jK&-'''"'■' I'y^JWKsS^^SßßmFS^ffiJß^aMifSßl^iiGEteJSfl^Mraßi^^frJjss" '''Jjf wiß^^ht£y£,'■'¥.]_j Jv^^^^^Sß^BJPl^^^ln^B^jjßKgljMF^'SJT^Sn^S^SjSSyfipßßß BferJ^y^^SsißfiJf*J«?*TO*j B^^3rfi3pfr^y;^^^a[Mßttffig£3BsKfi^^Bfr!£fljjß WE^^^j^^^l^^^^j^^Evife^gl;-;.^.,:':' "^vV^I^BBB^BKJIbJM-V'^"" .:JPSfc^^s£ffJ^3»^!tS^lSSL'\'^ bc^'F^^^^H DB^S4w<V£V'^ih^Bßpfl^w^^sßßß?^fD£sefi3Bßßßt'£^A?-^*™*^^^^^^■'£ J£'^*4^bY^ JlB*JBtJl.!r^^ffi-'Efffc&y4BlbHßi*^fr^^^slßß^^fffci^^^^ffi**^^-^r^- jficffX^^^&ip'''\&^-"^^^^^^^Ss^i!"' *ics!-x*-"I'■"•■*■ *^-^^^B '■"q*" '^''i'-?"^' r. >ifey-^-?j^^BßßßKß^jf!^ Pt* ffi?T^Trr*T^Bßßf^trvffßKt" ry*''Jv!S^'il: J'''" >■ jl' jBBt-I'-' v v^Pl- fltl f'tr 1 r^
      118 words
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  • Page 9 Advertisements
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      133 9 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 Zegna Sport Gym Kit worth $1400! \^m Jf/jrL To Zap: 1) Download Color
      133 words
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      192 9 The OASIS Companies HIGH YIELD/MAJOR TRACK RECORD WE ARE SEEKING AN ASSOCIATE for the f MIDDLE EAST FAR EAST www.oasisroi.com OASISASIA International Ltd. t fcf_\*l Km fl^J l^ *J I 3H m M \m j i < I 1 p« Go LONG or SHORT v J I I Hl Hi
      192 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon HOW GOOD IS ICT?
      2363 10 THIS WEEK'S TOPIC How is infocomm technology (ICT) helping your organisation, and businesses generally? Is Singapore doing enough to help businesses make the most of new infocomm technology developments? Chee Heng Loon Vice-President, Asia-Pacific SonicWALL ICT has given birth to one of the most valuable resources
      GABRIELLA FABBRI/STOCK.XCHNG  -  2,363 words
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      8 10 Bjni Ew33s*33l 3SES IDs SI Pi BSIS WvESSSi
      8 words
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      301 10 wt( IHE PRIME SOCIETY M ■fjX r RESTAURANT AND BAR DEDICATED TO THE UPPER CUT itfiH Exclusive Vintner Dinner 2nd-4th July 2008 Guest Chef Jason Dell Presents Chilled Blackcurrant Watermelon Gazpacho Shot, Salad of Duck, Celery, Walnut Apple w Quartz Reef Sparkling 2002, Central Otago, New Zealand Citrus Dusted New
      301 words
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      147 11 Your tomorrow E wm starts here today fZ\ Today, Business .s: C^^S tMt SflflC #n^( gflgte tMt dont cost-efficient mobile service iffitt^ that gives you free voice calls n a t W, Free Local Calls and SMS/MMS J within Company V j II •No Monthly Subscription Charges No Cap on
      147 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon NZ renewable energy firm sets up base here
      620 12  -  CHEN HUIFEN It's leveraging on Singapore's access to capital markets, resource-rich sites By SINGAPORE has attracted renewable energy company Pure Power Global to set up base here. That's despite a relative lack of bio mass, or organic material that can be used
      620 words
    • Article
      Lock icon GM crops may be answer to food crisis: ecologist
      324 12  -  JAMIE LEE By GENETICALLY modified (GM) crops could solve the world's food crisis in the long term, an agricultural ecologist said last Friday. The current surge in food prices is not a one-off event, said Royal Geographical Society president Gordon Conway.
      324 words
    • Article
      Lock icon Shell seeking JV partners for new plant
      404 12  -  RONNIE LIM Singapore being considered for the SMPO facility By SHELL Chemicals is talking to potential partners for a significant new styrene monomer/propylene oxide (SMPO) facility expected to cost at least US$5OO million which could be built in Singapore, a senior executive told
      404 words
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      172 12 m JI^VJ I I Attention to all vehicle m KiTllißlJl fleet owners and Industrial if E^ajfe v/ Business Owners: "i I ,'^Bi I I «^fe!!fiHn£ sjhi. XI M#^ 1 Ib M V-f^f*^ I am mJ M m I ill \3/*%. fc^iJjLjj§ Novasyn R5 Concentrate ■■■■^7T =i ■*lfll^s|Jl'jK Engine Oil Treatment
      172 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Coping with higher material costs
      1071 13 SERENE CHEONG explores the impact of crude oil prices on SGX-listed downstream manufacturers THE downstream petrochemical markets took a beating in recent months as crude oil prices surged to a fresh-high in mid-June, sparking widespread market jitters and calls for the Organisation of Petroleum Exporting
      LUDWIG ILIC  -  1,071 words
    • Article, Illustration
      Lock icon Firing solid 'bullets' earned them top spot
      785 13 CAMPUS LIFE A trio from SMU beat the competition in the inaugural SGX Business Case Challenge. CRYSTAL NEO reports HAVING too many ideas can be quite a problem when it comes to drafting a succinct proposal. Chen Wen Jie, Zheng Qingyao and Chen
      ARTHUR LEE  -  785 words
    • Article
      Lock icon Be smart with your finances
      204 13 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
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      46 13 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
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  • DINING OUT WITH CITIBANK
    • Article, Illustration
      Lock icon FLAVOURS OF EUROPE
      2344 14 AU JARDIN LES AMIS EJH Corner House, Singapore Botanic Gardens Visitors Centre, Cluny Road. Tel: 6466-8812 AU JARDIN Les Amis garnered the most votes in this poll, and it's not hard to see why. In space-starved Singapore, there aren't many choice locations for restaurants, so nabbing a
      2,344 words
    • Article, Illustration
      Lock icon An open culinary mind
      953 15  -  JAIME EE POWER Lunch By FRANCE'S gastronomic history is so all-pervading that you wonder if, say you had to take a test to qualify for French citizenship, what kind of questions would you be asked? What is the correct sound a good baguette must make when
      I ARTHUR LEE  -  953 words
    • Article, Illustration
      Lock icon FLAVOURS OF EUROPE
      1019 15 FLUTES AT THE FORT 21 Lewin Terrace. Tel: 6338-8770 WHILE restaurants set in black-and-white colonial houses are popping up with increasing regularity, Flutes at the Fort manages to hold its own. It helps that the owners have retained the slightly quirky air of the original venue, rather
      1,019 words
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      167 14 BT-CITIBANK GOURMET CHOICE AWARDS 2008 The Business Times and Citibank are proud to present the first ever BT-Gtibank Gourmet Choice Awards a prestigious Award to recognise top restaurants in nine cuisine categories. This Award also promises to be the ultimate guide for food lovers seeking the best in epicurean delights.
      167 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Ride high food prices to cut subsidies: OECD
      647 16 -AFP State aid at record lows but still accounts for 1A of payments farmers receive [PARIS] Industrialised countries should seize the opportunity of high world food prices to cut subsidies for farm production, the OECD advises in a review of agriculture policies.
      -AFP; AFP  -  647 words
    • Article
      Lock icon Japan corporate tax change may give yen mild boost
      497 16 [TOKYO] A Japanese tax plan to encourage companies to repatriate overseas profits may support the yen, especially against the euro, although the impact will be nothing like the boost the dollar got from a similar measure in 2005. The plan, unveiled
      -Reuters  -  497 words
    • Article
      Lock icon Eurozone interest rates set to rise: analysts
      625 16 ECB seeking to tame inflation before tackling growth [FRANKFURT] Eurozone borrowing costs are set to rise when the European Central Bank convenes on Thursday, seeking to tame a fledgling inflation monster before turning its attention to slumping growth. Interest rate cuts "will not
      AFP  -  625 words
    • Article
      Lock icon EU, S Korea meeting to step up FTA talks
      427 16 ■Xinhua [SEOUL] Trade ministers from South Korea and the European Union (EU) will meet this week to resolve contentious issues such as auto trade and rules of origin in their free trade negotiations, officials here said yesterday. During a two-day in-ter-session
      ■Xinhua  -  427 words
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      74 16 <O^*l? Boutique bungalow with superb I '"^W^ *6m big waterfall from level Ito basement to generate L^^T JJfML SPEND THE WEEKEND WITH US Indulge in Chatterbox's Local High Tea from 2pm to spm or M| chill out with Mezeßar's High Tea selection from 1 2pm to spm. Available only on
      74 words
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  • FOCUS: ENERGY
    • Article, Illustration
      Lock icon Geothermal to the rescue?
      884 17 Reuters Indonesia and the Philippines have an alternative to oil for energy but face big obstacles tapping it [JAKARTA/MANILA] FACED with looming energy crises in their developing economies, power-hungry Indonesia and the Philippines are looking deep into the earth for a solution. Both are in the
      – Reuters; REUTERS  -  884 words
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      1222 17 Department of Era mi ie m£ I MV V^^k V'AV National University IHCcll EiSIalG Advances in Real Estate Capital Market Aims and Benefits of the Program This executive master class on advances in real estate capital market is organized by the Department of Real Estate IDREI, National University of Singapore,
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      386 17 =pk= r~n 11l i.- T F 1 "W. ff-SMS ""N-rfFH uj&- —7i di iv/cci 1 I 1 mL ....,..',;>'. H Second Hand Hl' i 3 I Branded "^^^BmL fe^-';;" H I -Wi 9- 4t -■^■^^^^^!xi=^^U3H HP! 1 I SLik£i£ Kbu^l ss Speed6ash* f Ui£U| Buy.Sell 447, Geylang Road Singapore *****6
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL, time to get rural act together
      711 18  -  PAULINE NG MALAYSIA INSIGHT Eliminate inter-agency duplication to ensure projects truly serve the people EFFENDI Norwawi who retired earlier in the year to spend more time with his family, has disclosed that while he was at Malaysia's Economic Planning Unit (EPU), announcing glowing
      711 words
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      Lock icon YLI defends RM48m Laksana price tag
      396 18 It cites rival's longterm, exclusive pipe supply deal [KUALA LUMPUR] YLI Holdings Bhd, a pipe maker, said that its proposal to take control of a rival is not expensive, considering that the latter has an exclusive long-term contract to supply a water distributor in
      396 words
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      Lock icon Anwar denies sodomy claim, seeks refuge
      469 18 Reuters [KUALA LUMPUR] Malaysia's de facto opposition leader, Anwar Ibrahim, yesterday denied allegations that he had sodomised an aide, but then took refuge at the Turkish embassy for what his party said were security reasons. Dismissing the charges as an attempt by the government
      ■ Reuters; AFP  -  469 words
    • Article
      Lock icon Global aviation faces 'bleak' future sans reforms: MAS chief
      281 18 -AFP [KUALA LUMPUR] The future for global aviation is "really bleak" unless the industry takes drastic measures including mergers and substantial fare increases, Malaysia Airlines (MAS) said on Friday. The national carrier's managing director and chief executive officer Idris Jala said
      -AFP  -  281 words
    • Article
      Lock icon Indonesia to make miners get permission for coal deals
      129 18 Bloomberg [JAKARTA] Indonesia, the world's largest exporter of pow-er-station coal, plans to make miners seek approval for contracts as prices surge to records. The government can enforce the requirement, a standard part of mining contracts that hasn't been enforced, as 13.5
      Bloomberg  -  129 words
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      199 18 K*9rjEV7lf7VlßFf^H U^ university Ki£iK£^^49|CßMlfl School of the Built Environment gnAWM Fully Accredited By Royal Institution of Chartered Surveyors (RICS) MSc Surveying Building Surveying Real Estate Quantity Surveying MSc Construction PROGRAMME HIGHLIGHTS 2 Years Part-Time Distance Learning Programme Open to Good Degree Holders Working in the Industry On-line Comprehensive Learning Material
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      281 18 rVoltas Ltd a Tata Enterprise is Awarded Another Prestigious Project in Singapore. Voltas Limited, the electro-mechanical arm of the world-famous Tata group, has secured a contract in Singapore for the District Cooling Plant MEP project for the Resorts World at Sentosa Integrated Resort. On completion, the plant will provide Chilled
      281 words
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      61 19 THINK BIG At The Business Times we know that as an emerging start-up, you harbour big dreams. We capture strategic market directions and trends to help you realise your ambitions and potential. We empower you with the Emerging Enterprise Awards as you leap over hurdles and seize the day. Above
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  • GREATER CHINA
    • Article
      Lock icon China exporters hedge bets amid sub-prime woes
      606 20 AFP Some buy credit insurance for export orders to guard against defaults [SHANGHAI] Feeling the chill from the US sub-prime crisis, Chinese exporters such as Zhejiang New Oriental Fastener Company no longer take it for granted that their customers will pay them. The
      AFP  -  606 words
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      Lock icon With economy booming, China splashes out on science
      427 20 Reuters [BEIJING] China's booming economy has allowed it to increase spending on research and basic science, but it still has a way to go to catch up with the United States and other developed countries, top science officials said. Three decades of
      ■ Reuters  -  427 words
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      Lock icon Less bang for China fireworks
      692 20 AP Manufacturers in the country's 'fireworks capital' are struggling against export obstacles [LIUYANG, China] CHEN Tiezhong will likely spend the Fourth of July America's Independence Day worrying about the future of his sprawling fireworks factory. China, where fireworks were invented, is running short of ports
      AP  -  692 words
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      199 20 SH^KE LIB I 1 IP. iicpc tt tk I 1M 1^ I UIoCO Lianhe Zaobao *DUX MOKninC! 2sgL r) Three to fourfold increase I W Mainland I Tune in to the New Morning Show. mk Ey E±^ QnPPI IfltOK Shake Bake with Suz and Sheikh. SIfEP y|IMVUIBIUIII Monday to Friday,
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Indian steel firms likely to raise prices in August
      443 21 Reuters But they may not be able to fully pass on rising costs to customers [MUMBAI] Indian steel companies are likely to raise prices in August because of high iron ore and coke prices, but may not be able fully pass
      Reuters  -  443 words
    • Article
      Lock icon Don't give up on China, Jim Rogers tells investors
      246 21 Bloomberg [BEIJING] Investment guru Jim Rogers, who in April 2006 correctly predicted oil would reach US$lOO a barrel and gold US$l,OOO an ounce, told investors last Saturday not to "give up" on Chinese shares after the country's stock index fell almost
      Bloomberg  -  246 words
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      Lock icon India not revising 2008/09 growth forecast: adviser
      317 21 -Reuters Projection has factored in record inflation, he says [MUMBAI] Record inflation in India may dent consumption but the government is not considering a revision to its growth estimate for fiscal 2008/09, the chief economic adviser of the finance ministry told the Economic
      -Reuters  -  317 words
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      Lock icon Congress Party told to prepare for elections
      302 21 AFP [NEW DELHI] The leader of India's ruling Congress party, Sonia Gandhi, has asked senior members to prepare for elections, her party said yesterday, indicating the possibility of early polls. Mrs Gandhi discussed preparations for a string of local and national elections at
      AFP  -  302 words
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      1554 21 IN THE MATTER OF I H^^^B^^^^^^^m^^^^H THE COMPANIES ACT, CAP. 50 J^^- W^^f^^^m^K^f^W^^KT^ Head Office N0.46, Guancian Rd., Jhongjheng District, Taipei City *****, FGHTRADINGPTE.LTD. K^KlL.V^^V^^'K^'VmH Taiwan (Republic of China) (In MertK'volutoy U^dation) V PPV^^P9V^V^V9'P^9WI sin 8aPore Brandl 80, Raffles Place, #34-01, UOB Haza 1, Singapore *****4. Ai ihe Eflraordinary General
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      1389 21 /7J7) MAN WAH HOLDINGS LIMITED vi Amuuau (Company Registration No. *****) MANWAH (Incorporated in the Bermuda) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Man Wah Holdings Limited (the "Company") will be held at The Fullerton Hotel Singapore, 1 Fullerton Square, Singapore *****8, Room TDB on Tuesday, 22
      1,389 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Funds seen tapping sovereign wealth funds to shore up inflows
      632 22 Reuters Asset management industry in toughest period since bear market of 2000-03 [LONDON] Top fund executives meeting in Barcelona this week will debate how to attract assets from sovereign wealth investors and the merits of absolute return funds as they
      Reuters  -  632 words
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      Lock icon WTO nations endorse risky Doha push
      737 22 Reuters Lamy seeks full deal on 2 toughest areas: farms and factories [GENEVA] Governments negotiating a global trade treaty on Friday last week backed what some trade experts described as a "make-or-break" test of the seven-year drive to cut tariffs and subsidies that pinch
      Reuters; AP  -  737 words
    • Article
      Lock icon S Korea to launch lean hog futures market
      407 22 Reuters [SEOUL] South Korea will open Asia's first lean hog futures market next month, launching the country's first agricultural derivatives product on the domestic stock exchange, the Korea Exchange said on Sunday. The product may open the way for a wave of
      ■ Reuters  -  407 words
    • Article
      Lock icon Activist investors slowly making their voice heard in Japan
      673 22 -AFP [TOKYO] Corporate Japan has never liked having change thrust upon it, particularly by foreign hedge funds, but activist investors are slowly making themselves heard in Asia's largest economy. A high-profile campaign by a British investment fund to try to force
      -AFP  -  673 words
    • Article
      Lock icon PRIME LENDING RATES
      403 22 Jun 27 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
      403 words
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      Lock icon UBS mulling sale of Paine Webber: sources
      676 23 -Reuters Selling the US wealth manager is part of a review due to end by October [LONDON] Beleaguered Swiss bank ÜBS is considering the sale of Paine Webber, the heart of its US wealth management business, according to sources with direct knowledge of
      -Reuters; JOHN HENG  -  676 words
    • Article
      Lock icon Lawmakers warn Fed, SEC over bank pact
      678 23 Reuters Regulators drawing up pact to share info on investment banks [WASHINGTON] As the Federal Reserve and securities regulators neared an agreement on investment banks, leaders of the US Senate Banking Committee on Friday warned them not to get ahead of Congress with
      Reuters  -  678 words
    • Article
      Lock icon Anheuser-Busch to drive growth with lower costs, prices
      351 23 AP [NEW YORK] AnheuserBusch Cos last Friday detailed its plan to make the company more valuable than the US$65 per share offer it rejected from Inßev, and gave 2008 and 2009 profit guidance above analyst expectations. In a conference call with investors,
      AP  -  351 words
    • Article
      Lock icon Tough times for US venture capitalists in bear season
      740 23 -NYT [SAN FRANCISCO] So far, this has been a challenging year for companies hoping to go public. But it has been even rougher on venture capitalists who were hoping to get a big payday from such an offering. In the second
      -NYT  -  740 words
    • Article
      Lock icon Political 'baby kissing' goes virtual
      223 23 ■AFP [WASHINGTON] The tradition of politicians kissing babies along the campaign trail has gone virtual, with a new website that jokingly urges parents to mail their babies to White House hopeful Barack Obama for a smooch. "Barack travels a lot, but many babies live in
      ■AFP  -  223 words
    • Article
      Lock icon Signs flashing of credit crunch back in full swing
      639 24 Spreads widening sharply; defaults, loan costs rising, lenders holding back [NEW YORK] The credit crunch that threatened to unravel the world's financial system earlier this year reasserted itself with surprising force last week. Global credit markets that supply money for everything
      639 words
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      Lock icon Siemens plans to cut 17,200 jobs by 2010
      479 24 Bloomberg [FRANKFURT] Siemens AG may cut as many as 17,200 jobs, or about 4 per cent of its workforce, by 2010 as part of an effort to save 1.2 billion euros (552.58 billion), according to reports in Sueddeutsche Zeitung and Financial Times.
      Bloomberg; REUTERS  -  479 words
    • Article
      Lock icon US pension funds' oil investments driving up prices
      519 24 -AP [WASHINGTON] All those speculators getting the blame for driving up the price of oil these days just who are they? For part of the answer, look in the mirror. The retirement savings of workers across the US, entrusted to pension fund
      -AP  -  519 words
    • Article
      Lock icon Bond insurers may terminate some deals
      444 24 Reuters But any benefit would likely be only temporary: analysts [NEW YORK] Bond insurers may soon announce agreements with banks to terminate some insurance they sold on securities backed by residential mortgage backed debt and this may have a positive impact on credit spreads.
      Reuters  -  444 words
    • Article, Illustration
      Lock icon Clipper fleet arrives at Royal Cork Yacht Club
      436 24 ALL ten yachts 01 the Clipper 07-08 Hound the World Yacht Race fleet are now berthed at Royal Cork Yacht Club, Crosshaven, Ireland following the finish of Race 13. The penultimate contest of the 14-race Clipper 07-08 series was won by New
      Photo: ONEDITION  -  436 words
    • Article
      Lock icon Consumer splurge harming economy: UAE govt
      368 24 Reuters [DUBAI] Rampant consumerism in the United Arab Emirates home to Dubai, the self-styled capital of conspicuous consumption could damage the economy and hinder the Gulf oil producer's efforts to become self-reliant, a government report said. Consumer spending in the second-largest Arab economy jumped
      – Reuters  -  368 words
    • Article
      Lock icon Search is on for next BIS chief: insiders
      299 24 [ROME] The search is on for the next head of the Swiss-based Bank for International Settlements (BIS) and central bank insiders say that the field is wide open. But speculation is already swirling about who will win the job as general manager
      Reuters  -  299 words
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      1060 22 THE STRAITS TRADING COMPANY LIMITED (Incorporated In Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates in the name of Yee Lye Sim have been reported lost *****7 450 I 1 *****3 20 J Notice is also hereby given that the new share certificates will be
      1,060 words
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      1234 23 BUKIT SEMBAWANG ESTATES LIMITED BUKIT SEMBAWANG ESTATES LIMITED Co Reg No. *****0177 M (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the 42nd Annual General Meeting of the Company will be held at 65 Chulia Street, #50-00 OCBC Centre, Singapore *****3, on Friday, 18 July 2008 at
      1,234 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon EU to cap aviation emission from 2012
      475 25 Reuters But provisional deal with lawmakers still needs full European parliament's nod [BRUSSELS] European Union governments struck a provisional deal with lawmakers last Thursday to include aviation from 2012 in the Emission Trading Scheme (ETS), a key tool to fight climate change, an
      Reuters  -  475 words
    • Article
      Lock icon Business jet sales soar as rich float high above oil crisis
      570 25 Reuters [NEW YORK] Sales of business jets are on track to hit an all-time record this year, reflecting an explosion of wealth mostly outside the United States and the growing desire of CEOs and the ultra-rich to avoid the
      Reuters  -  570 words
    • Article
      Lock icon Mexico's 3 airport operators feel the pinch
      461 25 Reuters But analysts say 20% slide in share prices is overdone [MEXICO CITY] Mexico's three airport operators are starting to suffer from the global airline crisis amid skyrocketing jet fuel prices, and investors have already dumped their stocks. But some analysts believe the
      Reuters  -  461 words
    • Article
      Lock icon SIA gets sth A380 jet
      138 25 AFP [SINGAPORE] Singapore Airlines has taken delivery of its fifth Airbus A3BO superjumbo which will be used for its Singapore-London service starting on July 16, the carrier said. The A3BO will be the second deployed for the London service after the world's biggest plane made
      AFP  -  138 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2535 25 AIRLINE CODES: AA: American Airlines (AA r India (AIC), AY: Finnan Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Banc :esh Airlines (BBC), Bl Roy il Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA Airways Corpn
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      Lock icon Daewoo wins US$2.3b ship orders in June
      259 25 [SEOUL] Daewoo Shipbuilding Marine Engineering, the world's third-largest yard, said it won US$2.3 billion of orders in June, its biggest month this year, as demand increased for moving fuel and commodities. Contracts were received for 12 vessels in the month, the company said
      259 words
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      156 25 SOUTH EASTASIAAND SOUTH ASIA/AUSTRALIA I TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1 August 2008,
      156 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      229 25 CRYPTIC CROSSWORD ACROSS constantly (3,2,3,3) H^HB HB~~HH2S movie deployed (5,6) 28 Macho Irishman suppressing a source of harmony? 6 Foundation above lake in Eu- 24 At home with pet mongrel? (5) ropean city (5) That's awkward (5) 29 Transported a little money, 7 Brown raising a glass? (5) 26 Peer
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6178 26 Week ended: Jun 27 Hii 52-wks Tel |h Low Code Com| Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil 5716 1st Software ***** tl S Si?" '18 ?il ffi FS P E 24.5 6.5 1100 AEM 41
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      Lock icon SGX XTRANET
      82 26 52-Wk Tel h Low Code Last Sale Vol COOP) Week ill Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
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      Lock icon SGX CATALIST
      2068 26 52-Wk Tel High Low Code Last Sale Vol COOP] Week Last Quote Div GrYld Net MCap Low Buyer Seller Cvr P/E Smil Comi Hii 22 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s
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      Lock icon CLOB UBTERNATIONAL
      265 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      265 words
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      41 26 -tlv' 1/I-ililr\J\kJ A IVJU Hi 1 I {CSWPOiBH™ Ml Si '^^a^lß^^E^ iH IM fyopi i fmt quadc Ie maitre de I'horlogerie depuis 1875 ly,\lssB^WpB^r^ 9wSm.' ■ai^te&ssuiis:t. 341 River Valley Road #01-01 Singapore *****2 TeT:'623B 6678 Fax: 6238 6676 |?KH^^*^^^^^ Internet: Http://www.audemarspiguet.com
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 27 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jun27 World Index Preliminan 971.1 -0.5 -14.2 -0.5 -16.7 -0.3 -12.1 EAFE Preliminai 921.5 -0.9 -17.8 -0.7 -17.8 -0.6 -13.1 Euroi Preliminan 1241.8 -0.5 -19.5
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      Lock icon FOREIGN CURRENCY NOTE RATES
      131 27 As at 9am Jun27 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2980 1.3140 Can dollar 1.3400 1.3560 Euro 2.1390 2.1630 NZ dollar 1.0220 1.0440 iterlini ind 2.6990 2.7300 US dollar 1.3580 1.3730 Local dollars to 100 units of foreign currency:
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      Lock icon INTERBANK RATES
      171 27 Jun27 *L Offer Bid Overnight 3/8 1-month 1 2-months 1 1/8 3-months 1 1/4 Overnight mode: 13/16 US$ Offer 1/4 7/8 1 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 2.25 2.55 2.80 2.90 3.20 3.40 3.60 Offer
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      Lock icon STOCK INDEX FUTURES
      20 27 lunlJ STI SIMSCI Jun 358 362.9 Taiwan Jun 295.6 295.6 293.4 Source: MF Global (S) He. Ltd
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      Lock icon US$/S$ FORWARD RATES
      21 27 Jun 27 Bid Offer 1-month 1.3617 1.3621 2-months 1.3596 1.3601 3-months 1.3578 1.3583 6-months 1.3525 1.3531 Source: OCBC
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      Lock icon SICOM FUTURES
      279 27 Jun 27 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 Apr/Jun 09 454.25 454.00 450.25 447.75 448.50 450.25 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
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      Lock icon CHICAGO BOT
      103 27 Jun27\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1581.50 1574.25 1590.00 1573.00 Aug 08 1579.00 1574.25 1587.00 1570.50 Sep 08 1566.50 1562.00 1576.00 1558.00 Nov 08 1559.50 1561.50 1577.00 1552.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 65.57 65.66 66.18 65.00
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      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Jun 26 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 137.89 5.24 WTI (Near Mth) 139.99 5.53 Dubai (1-Mth F) 129.14 -1.83 Tapis blend 141.15 -2.35 Minas 136.85 -2.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 128.95 163.70 -2.27 -2 US$/barrel Opec Oil
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      Lock icon INTERBANK CROSS RATES
      463 27 Jun27 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.970 6.587 0.610 7.489 41.115 88.431 1.021 10.005 3.132 1.267 65.296 42.948 1.309 7.617 0.981 29.160 32.235 0.484 0.960 Canada 1.031 6.793 0.629 7.723 42.400 91.194
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      Lock icon GOVERNMENT SECURITIES
      89 27 Jun27 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****F 25.09.08 1-Year BY*****N 04.05.09 0.47 0.93 0.3 0.3 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
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    • Article
      Lock icon SIBOR
      77 27 Jun27 (US$) (SS) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
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    • Article
      Lock icon PALM OIL
      60 27 Jun27 Delivery Month Opening Range Sett Av Price Price Hi Low Vol Open Done Position Jul 08 3548 Aug 08 3563 Sep 08 3580 Oct 08 3575 Total o/p: ***** contracts 3570 3570 3540 3605 3605 3547 3623 3623 3553 3621 3621 3559 Turnover: ***** Market tone: Higher
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      Lock icon PRECIOUS METALS
      160 27 Jun27 GOLD (USS/oz) Jun 26 Jun 27 GOLD BULLION COINS (SS) Sellini Bu Hong Kong 890.10 921.60 891.30 922.60 Jun 25 Jun 26 London 878.80 912.90 879.80 913.90 Source: Reuters i~oz 1393.14 1254 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $487.92 400 SILVER Selling Buying $487.92 400
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      Lock icon LONDON METALS
      68 27 Jun27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3075.50 2052.00 3 months 3123.00 3100.00 Copper, Grade A (US$/tonne) Cash 3 months 8706.00 8530.00 8622.00 8445.00 Lead (US$/tonne) Cash 3 months 1778.00 1800.00 1787.50 1810.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • Article
      Lock icon LIFFE
      79 27 lun ?7 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1743 1744 1760/1741 SepO8 1686 1685 1709/1685 Dec 08 1643 1641 1659/1638 Mar 09 1601 1605 1620/1600 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2431 2449 2474/2405 SepO8 2424 2442 2454/2391 Nov08 2381 2404 2422/2365 Jan 09 2328 2364
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 27 Jun 27 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3088 1.3097 0.9597 0.9602 Canadian dollar 1.3498 1.3506 0.9897 0.9902 Euro 2.1455 2.1463 1.5732 1.5735 NZ dollar 1.0331 1.0338 0.7575 0.7579 Sterlin. md 2.7047 2.7054 1.9832 1.983.
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      362 27 Jun 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 96.980 *****5 0 0 ***** 6844 2462 EUROYEN FUTURES SepO8 99.135 99.145B DecO8 99.095 99.100B MarO9 99.015 99.020 JunO9 98.905 98.915B SepO9 98.840B DecO9 Mar10 Jun10 99.130 99.090A 99.000A 98.900A 99.130 99.055 98.990
      362 words
    • Article
      Lock icon BONDS & WARRANTS
      4573 27 BONDS WARRANTS Tel Code Com| Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths COOP) Ratio Price ing Left >am 2058 Advance Modules GrpW*****3 2036 Advance SCT Ltd W*****9 s ArianeCorp Ltd W*****9 9092 Asia Environment W*****4 4481 #Asia Water Tech Ltd W*****0 3816 SAsiasons Capital Ltd WO***** 8756
      4,573 words
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      2664 28 m The Business Times Shipping Times WAN HAI INTERNATIONAL PTE LTD crno N69s«oooo/r m \va m.%M mummimmmMlmmMwm %rrrt\ ■■■>&■ ■■>■ mup* te1:*****588 ihlines) fax:6224H63 m W^7f"TAf7!^?V B^^l tKSBSS MgHK&BBB. \\M 1 WAN HAI INFX Cusloinei Servi« e /B»ol<ings Dii«l Line (1800) 6226)200 B^^^ M A rf^ I I l*j.*^-l^ I
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      3133 29 ftk RICKMERS-LINIE I I Tjrgn EASTERN CAR LINER. LTD I flit £J®3S^ I Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com I 111 E» I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I cniirniii r USA Service H WbbKLY bXrnboo oAILINti oLHbUULb Vessel I Vov SIN I ALT I HOU I
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      5203 30 K3l H 19 H H (I I I g ANDERSEN Teh""elSsS I GLORY NAVIGATION fißflUpi KMt-fl ISM Hfifl E__H shipping company/ 70 Shentoii Way, #21 -03 Marina House Singapore 0791 18 Vi^m ULI»11 lIHWIUHI lUH UIHIUr ■P^ll! IfiiP BHffl PBI HH Bill north west express line *B,H*L-tss.^f wm^ MONTHLY SERVICE
      5,203 words
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  • BizIT
    • Article, Illustration
      Lock icon Regulating a revolution
      911 31 Spore and US can learn from each other's experiences, US FCC chairman tells KENNETH JAMES SINGAPORE and the United States, although worlds apart in size and distance, share some key experiences in the area of communications. And this makes it useful for the countries' key officials to
      JOHN HENG  -  911 words
    • Article
      Lock icon Virtualisation most influential technology: poll
      353 31  -  ONG BOON KIAT By VIRTUALISATION tops the list of the most influential technologies as seen by regional IT managers, a flash poll by research firm IDC has revealed. Last month, IDC polled 428 IT managers from various industry verticals in 14 regional countries. Virtualisation a
      353 words
    • <what's new>
      • Article, Illustration
        Lock icon Infocus offers full HD projection
        100 31 INFOCUS has a new projector which plays full high-definition (HD) film and games those encoded in 1,080 vertical progressive-scan lines, known as 1080 p. The black-finished XlO Full HD 1080p projector, which boasts a brightness of 1,200 ANSI lumens and contrast ratio of 7500 to
        100 words
      • Article, Illustration
        Lock icon Raft of printers from Lexmark
        76 31 AIMING at both home and professional usage are seven new printers from Lexmark. Cheapest in the lineup is the Z2320, a no-MUs inkjet that sells for $89 Most expensive is the X 6570, an all-in-one device that lets users print, scan, fax and access media
        76 words
      • Article, Illustration
        Lock icon HP Pro Curve targets SMBs
        86 31 HP Pro Curve, the networking division of Hewlett-Packard (HP), has launched two gigabit Ethernet switches aimed at small and medium businesses (SMBs). Available in July, the Pro Curve Switch 2510G series comprises two fully-managed Layer 2 switches. The 24-port version is priced at $1,410, while
        86 words
      • Article, Illustration
        Lock icon Dell PC easy on power usage
        86 31 PC MAKER Dell claims to be able to help customers slash their power bills with its new Vostro 410 desktop. Designed for small businesses, the PC is the latest addition to Dell's range of energy-efficient products and claims to save up to 47 per
        86 words
      • Article, Illustration
        Lock icon Epson offers new scanner
        76 31 THE new Epson GT-1500 A 4 business scanner makes light work of repetitive scan jobs by giving users up to 10 image setting presets which can be invoked by push buttons on the scanner. For more convenience, the scanner can detect slanted documents and automatically straightens
        76 words
      • Article
        Lock icon StarHub dangles freebies
        73 31  -  ONG BOON KIAT STARHUB has dangled a raft of freebies to entice companies to sign up for its mobile services. They include free voice calls, text and multimedia messages. There is no limit on the number of Star Hub lines that a company can sign up but
        73 words
    • Article
      Lock icon Missing Web ads biggest screw-up: Gates
      411 31 Bloomberg [REDMOND] Microsoft Corp's biggest "screw- ups" happen when the software maker fails to predict changes in the technology industry, such as the growth of Internet advertising, Microsoft chairman Bill Gates said. "In software, you've got to anticipate the turns in the road," Mr
      Bloomberg  -  411 words
    • Article
      Lock icon CEO says Intel to aim at handheld market
      301 31 Bloomberg [SANTA CLARA] Intel Corp chief executive officer Paul Otellini is trying to change the rules as he takes on chip rivals Qualcomm Inc and Texas Instruments Inc in handheld devices, betting computing power will help him win over customers. Intel is
      – Bloomberg  -  301 words
    • Article, Illustration
      Lock icon Focus on worker contactability
      950 33 Many companies feel telecommuting can improve productivity, writes AMIT ROY CHOUDHURY SINGAPORE businesses are placing more emphasis on co-workers and customers being contactable at all times since a failure to do so on critical business timelines is increasingly becoming unacceptable, according to a new study. At
      950 words
    • Article, Illustration
      Lock icon Neustar pitches mobile instant messaging
      472 33  -  WINSTON CHAI By HAVING lost out on the government's number portability project, US-based Neustar has re-adjusted its Singapore gunsights to focus on providing instant messaging platforms for telcos instead. The firm was a firm favourite to win the contract for developing and maintaining the centralised
      472 words
    • Article
      Lock icon IM gaining popularity in business world
      248 33 NYT [ATLANTA] When John Fairey wants to chat with a colleague, but has no time to wait for an e-mail answer or get up for a face-to-face talk, he clicks on the buddy list on his computer screen and pecks out an instant message.
      NYT  -  248 words
    • Article, Illustration
      Lock icon Gemalto plans to boost R&D strength in S'pore
      765 34 Digital security provider wants to add more than 100 engineers here, reports ONG BOON KIAT DIGITAL security provider Gemalto, which last year shipped more than 1.2 billion intelligent devices such as Subscriber Identity Module (SIM) cards for mobile phones, wants to hire
      765 words
    • <what's up>
      • Article
        Lock icon HP and NYP establish green solutions centre
        59 34 HEWLETT-PACKARD Singapore (HP) and Nanyang Polytechnic (NYP) have set up a centre to develop innovative energy-efficient and environment-friendly infocomm solutions. The NYP-HP Green ICT Solutions Centre, located in NYP, has also set an objective to train some 2,400 students and industry professionals over
        59 words
      • Article
        Lock icon S'pore IT firms make good partners: survey
        85 34 IN A survey with over 200 foreign IT professionals who visited the Infocomm Singapore Portal booth at CommunicAsia2ooB, 85 per cent of the respondents said local infocomm firms make "excellent partners" in reaching regional markets, while China, Malaysia and Japan are top rivals
        85 words
      • Article
        Lock icon SIMTech to hold wireless comms course
        72 34 THE Singapore Institute of Manufacturing Technology (SlMTech) will be conducting an evening course, entitled Sensor and Wireless Communications in Machine Monitoring and Control, from July 15 to Aug 19. It will cover concepts, methods and best practices in wireless sensor network, standard protocols, RFID
        72 words
      • Article
        Lock icon Lenovo hosts SMB Web Seminar
        51 34 LENOVO is hosting a Web seminar with partners Intel, BluGrapes McAfee, Batey and Adam Khoo Technologies. Aiming at small and medfum-sized businesses (SMBs), the seminar offers a series of presentations from hardware selection to marketing tips, which can be viewed on the Web. Register at
        51 words
      • Article
        Lock icon 3 S'pore teams to Paris for tech competition
        97 34  -  ONG BOON KIAT THREE teams from Temasek Polytechnic, Nanyang Polytechnic and Singapore Polytechnic have been selected to represent Singapore at the industry's largest technology competition for students. They will compete with more than 120 teams in the finals of the Imagine Cup,
        97 words
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      178 31 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      178 words
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  • BizIT FOCUS
    • Article, Illustration
      Lock icon Using information as a weapon
      1484 32 The ability to deliver accurate business data where and when needed is crucial to a firm's survival, writes AMIT ROY CHOUDHURY m ITH globalisation increasing competition, organisations around the world are looking for ways to harness information as a strategic asset. In the Asia Pacific
      ELVIS SANTANA/STOCK.XCHNG  -  1,484 words
    • Article, Illustration
      Lock icon Raising service quality at Housing Board the IT way
      938 32 By AMIT ROY CHOUDHURY THE Housing Development Board (HDB), which is responsible for providing homes for more than 80 per cent of the population in Singapore, needs to be able to store a huge amount of data and have constant access
      938 words
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      153 33 W&S&Sas »SI 'A I^^BS 3Com is an Energy Star Partner J and a winner of the President's Environment and Conservation I Challenge Award in the United HSI States of America. 3Com Commitment To Environmental Health Safety For over 25 years, 3Com has been developing high quality and affordable data, voice,
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      72 34 AVAYA WILL CHANGE THE WAY YOU CONNECT WITH CUSTOMERS. Ml Ik I'm Christine, VP of Sales. I'm always on the go, but Mk that doesn't stop me from helping customers. They |k can dial just one number and my Avaya Unified Communications software automatically tracks me Rk down by ringing
      72 words
  • Page 34 Miscellaneous