The Business Times, 2 July 2008

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Microfilm: NL29427
Total Pages: 32
1 32 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 Wednesday, July 2,2008
    25 words
  • Article, Illustration
    Lock icon Mass market stays buoyant as buyers find price is right
    921 1  -  ARTHUR SIM Flash estimates for Q2 show overall private home prices flattening; steady HDB resales keep mass market more active By [SINGAPORE] Flash estimates for property price indices are in with numbers suggesting that price-sensi-tive buyers are bargain hunting or
    921 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.72 HONGKONG 5.25 INDONESIA 15.529 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.66 INDIA 12.75 Source:
      Bloomberg  -  28 words
    • Article
      Lock icon MARKETS
      38 1 uesi iam I COMP 1,174.83 -11.74 IIKKEI225 13,463.20 -18.18 1ANG SENG Closed ;et INDEX Closed JAKARTA COMP 2,378.81 +29.70 IANILACOMP 2,415.25 -44.73 ;eoulcomp 1,666.46 -8.46 ;henzhenb 467.88 -7.56 IUMBAI IND 12,961.68 -499.92 12N00NEDT Cham )OW 11,269.00 -81.01
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    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.363 (US$/S$ per 1.999 2.725 :uro (USS/SS/E) 1.576 2.148 'EN 105.80 77.60 3.266 2.396 IK$ 7.797 5.722 !AHT 33.40 24.51 lUPIAH 9,220 6,766 lENMINBI 6.858 5.033 INDIAN RUPEE 43.36 31.82 1.046 0.768 IZ$ 1.313 0.964
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  • Article, Illustration
    Lock icon Three-headed F&N may look at split: analysts
    488 1  -  EMILYN YAP Optimism on group's prospects, musings over chairman's role By [SINGAPORE] The new organisational structure at Fraser and Neave (F&N) could set the stage for a split in the conglomerate's core businesses, some market watchers say. F&N announced on Monday that it
    FILE PHOTO  -  488 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      45 1 f MICROSOFT TANKAN SURVEY MOTORING BE INSPIRED J| Uncertain future Japan business sentiment ST Kinetics service centre Zap for daily inspiration, without Gates hits 5-year low eyes premium cars Win a Zegna Sports V. PAGE 13 PAGE 12 PAGE 30 Gym Kit! PAGE 2 I—LI
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      24 1 EXECUTIVE MONEY A fund that invests in second-hand policies Disparate views amid market turmoil Strategies for inflationary times Beating the market with neglected stocks
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  • TOP STORIES
    • Article
      Lock icon Car owners can encash rebates from September
      494 2  -  JAMIE LEE Move is an added option to push people to use public transport By [SINGAPORE] Car owners in Singapore can encash their certificate of entitlement (COE) and preferential additional registration fee (PARF) rebates from September this year, a move that signals strong
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Prices dip in prime districts for first time in 4 years: DTZ
        79 2 PROPERTY prices in the prime districts 9, 10 and 11 have registered their first fall in four years and DTZ Debenham Tie Leung believes this downturn in sentiment could spill over to non-prime districts. DTZ found that prices
        79 words
      • Article
        Lock icon Del Monte Pacific caught in controversy over pesticide
        102 2 MAINBOARD-LISTED Del Monte Pacific has found itself embroiled in controversy over the use of a highly toxic and regulated pesticide. Wholly owned unit Del Monte Philippines, which packages fruit and vegetables in the Philippines, said a cargo of the restricted pesticide endosulfan
        102 words
      • Article
        Lock icon Brighter outlook for bank stocks
        60 2 ANALYSTS reckon bank stocks are looking more attractive as a result of higher long-term interest rates, continuing strong loans growth and inflationary expectations that will push up asset prices. CIMB analyst Kenneth Ng has upgraded two of the three local banks to outperform, on the
        60 words
      • Article
        Lock icon Keppel shares fall on client's insolvency
        71 2 KEPPEL Corp shares fell 4 per cent to $10.70 yesterday after the group announced before the market opened that a client of its Keppel Verolme unit in the Netherlands has filed for bankruptcy. The Netherlands yard is working on a 140 million euro floating
        71 words
      • Article
        Lock icon Ernst & Young converts to limited liability partnership
        58 2 Ernst Young converts to limited liability partnership ERNST Young yesterday became the second Big Four audit firm to become a limited liability partnership one month after Deloitte Singapore blazed the trail. The other two Big Four firms are also set to convert KPMG by October and PricewaterhouseCoopers within 12 months,
        58 words
      • Article
        Lock icon Japan business sentiment hits 5-year low: tankan
        70 2 BUSINESS sentiment in Japan sank to a five-year low in June, according to the Bank of Japan's latest quarterly "tankan" survey published yesterday. But the findings are not as gloomy as feared, and added weight to recent data suggesting that Japan is proving
        70 words
      • Article
        Lock icon Anwar files police report against A-G, IGP
        58 2 MALAYSIA'S de facto opposition leader Anwar Ibrahim yesterday filed a police report alleging that Attorney-General Gani Patail and Inspector-General of Police (IGP) Musa Hassan had "fabricated" evidence regarding the beating that Mr Anwar suffered while in police custody on the night that he
        58 words
      • Article
        Lock icon China manufacturing growth slowest in 3 years: survey
        66 2 CHINA'S manufacturing expanded in June at the slowest pace in almost three years as growth in export orders weakened for the third month, a survey of purchasing managers showed. The Purchasing Managers' Index fell to 52 from 53.3 in May, the China
        66 words
      • Article
        Lock icon India shoppers flock to big retailers for food bargains
        78 2 LARGE modern Indian retailers, hobbled by strict foreign investment caps, political concerns and protests from small traders, are finding support from an unusual quarter: spiralling food prices. With India's annual inflation rate at its highest in more than 13 years, more
        78 words
    • Article
      Lock icon High returns, strong S$ spur investment in US
      554 2  -  CHUANG PECK MING Singapore's direct investment in US hits new highs By [SINGAPORE] The United States is back prominently on the radar screens of Singapore companies looking to acquire or set up businesses overseas. Direct investments from Singapore surged suddenly from some
      554 words
    • Article
      Lock icon Struggling European stocks take another body blow
      473 2 Bloomberg Fall adds to their worst showing in some 20 years [LONDON] European stocks fell, extending the Dow Jones Stoxx 600's worst first-half performance since at least 1987, as higher oil and reports on housing and manufacturing suggested that the global economy would
      Bloomberg  -  473 words
    • Article
      Lock icon Prime property districts' prices show Ist fall in 4 years: DTZ
      573 4  -  ARTHUR SIM Downward pressure may increase as speculators dispose of units, it says By [SINGAPORE] Property prices in the prime districts of District 9, 10 and 11 have registered their first fall in four years and DTZ Debenham Tie
      573 words
    • Article, Illustration
      Lock icon Tampines site to anchor H2 industrial land sales
      742 4  -  KALPANA RASHIWALA Reserve sites comprise new plot in Jurong, six sites rolled over from H1 By [SINGAPORE] The Ministry of Trade and Industry (MTI) yesterday unveiled an industrial land sales programme for the second half of 2008 that could yield a total
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      290 2 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! To Zap: 1) Download Color Cam™ Via
      290 words
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  • Page 3 Advertisements
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      158 3 i\ m It I m J M I s®' 9 Worldwide, there are 6 r 912 languages in use. But only one you want to hear from your bank. Yours. Perhaps it's time you had a Gold Conversation. As a Citigold client, you'll enjoy total support with Home Connect, a
      158 words
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      145 4 Sing Health 7C :jt*- TOLmmIOCM lOil bH I x^_ I LbF r v_^Jflß^r^4. B^B^^^BVv Bf T~7A 'j "j .^k vJKI y^fc^^^BJ YJHHkv V^l^ N By fAxv Bowling Netball Basketball Soccer Table Tennis Badminton Tennis Come and join us in friendly competition for a good cause. Send a team of 25
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Del Monte Pacific caught in controversy over pesticide
      490 5  -  CHOW PENN NEE Group says its Philippine unit's use of endosulfan is authorised By MAINBOARD-listed Del Monte Pacific, best known for selling canned pineapple here, has found itself embroiled in controversy over the use of a highly toxic and regulated pesticide. Wholly
      AP  -  490 words
    • Article
      Lock icon How SGX can benefit from SMX
      602 5  -  SIOW LI SEN HOCK LOCK SIEW By SINGAPORE Exchange's (SGX) new head for its commodities exchange is going to have his work cut out for him. Before Jeremy Ang even starts work in about two weeks' time as chief executive of the Singapore Commodity
      602 words
    • Article
      Lock icon Brighter outlook for bank stocks
      660 7  -  CHOW PENN NEE Rising long-term rates, strong loans growth seen sustaining prices By ANALYSTS reckon bank stocks are looking more attractive as a result of higher long-term interest rates, continuing strong loans growth and inflationary expectations that will push up asset prices. CIMB analyst Kenneth
      660 words
    • Article, Illustration
      Lock icon Keppel shares fall on client's insolvency
      534 7  -  VINCENT WEE I By KEPPEL Corp shares fell 4 per cent to $10.70 yesterday after the group announced before the market opened that a client of its Keppel Verolme unit in the Netherlands has filed for bankruptcy. The Netherlands yard is working on a
      FILE PHOTO  -  534 words
    • Article
      Lock icon Sembcorp Marine unit clinches US$400m contract
      299 7  -  VINCENT WEE By SEMBCORP Marine unit SMOE yesterday announced a US$4OO million contract from AP Moller-Maersk unit Maersk Olie og Gas AS to build a harsh environment offshore platform to be installed in the Danish sector of the North Sea. The contract entails the
      299 words
    • Article
      Lock icon Olam, Wilmar in US$106m deal
      414 8  -  NISHA RAMCHANDANI They team up to buy 20% of sweetener producer Pure Circle By OLAM International and Wilmar International have joined forces to acquire a one-fifth stake in Pure Circle Ltd a leading producer of natural sweeteners for U*****.2 million. In a joint statement yesterday,
      414 words
    • COMPANY BRIEFS
    • Article, Illustration
      Lock icon Mapletree, Arcapita in real estate JV
      334 8  -  EMILYN YAP Fund to hold $1.7b portfolio of industrial properties By MAPLETREE Investments has entered a joint venture with Arcapita Bank to form a private real estate fund called Mapletree Industrial Trust (MIT). The fund will hold the $1.71 billion portfolio of high-rise, readybuilt
      334 words
    • Article
      Lock icon Tianjin Eco-City project kicks off with 4b yuan JV
      469 8  -  LYNETTE KHOO By THE Tianjin Eco-City project kicked off yesterday with the inking of agreements for the formation of a joint venture to develop it and the formalising of commercial terms for the project. Singapore Tianjin EcoCity Investment Holdings (STEC) fully
      469 words
    • Article
      Lock icon Ping An-UOB fund venture hires First State Cinda man as chief executive: sources
      407 8 Reuters [SHANGHAI] A proposed fund management joint venture between Ping An, China's number-two life insurer, and Singapore's United Overseas Bank has tapped a veteran fund manager as its chief executive, sources close to the situation said yesterday.
      ■ Reuters  -  407 words
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      90 5 ,Z Z :S'S ./jAV'Z -f ;,'S) .-■j^-J^Bsfc-rJ^ '/ffi-flEßMHffijr^^S^sJFliP^: ■-^filf'f':'I'--■ '*<^^^L <'-im__\_\?' I\l -W'/f-^-M\\w^_^_^_^_^___ *^k v.":l BfflJshftjS r_s —"■'-PidUffl Ih'- Visifll H^^* I w '"'rß lr"iff i^i■iit»A lt T>T*y*i|^*i il _U&_£_Si£^ IVil °«*H HI EKssArS>^H SS&eSSSSSsiiiI QMS Hz ;K^%^?f;^^ E E-'.v— Zi^ZsZtZZZZZ*^ -^3^SS3^.3'S7\;iV.-:S^^V l 7>?7. i ,7^_^-. v v' .-S- r
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      Lock icon Page 5 Advertisements Column 2
      22 5 The OASIS Companies HIGH YIELD/MAJOR TRACK RECORD WE ARE SEEKING AN ASSOCIATE for the MIDDLE EAST FAR EAST www.oasisroi.com OASISASIA International Ltd.
      22 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is the US dollar in hot soup once again?
      739 6  -  LARRY WEE CURRENCIES Some chart supports are worth monitoring for early warning clues OIL prices have exploded to fresh peaks yet again, the Dow has plumbed 21-month lows, US dollar bears are coming into Q3 with their guns blazing, and lately
      739 words
    • Article
      Lock icon Financial market recap
      225 6 The week's changes YEAR TO DATE JULY 1'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 105.48 -2.24 112.05 95.71 SGD 1.3602 -0.51 1.4542 1.3457 IDR 9220 -0.43 9500 9035 THB 33.46 -0.15 33.65 31.00 CNY 6.8561 -0.20 7.2085 6.8558* MYR 3.2665 0.37 3.3120 3.1310 CURRENCY vs
      225 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 8 3 0 0 0 5 8 3 lanufacturing 31 84 62 14 11 36 98 73 Sommerce 37 20 44 26 )t/Stor/Comms 26 26 :inance 21 23 Sonstruction 12 15 >ro| lerties 26 26
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 20.949 20.949 100.449 100.449 lanufacturing 233.254 27.954 261.208 215.592 2.565 218.157 Sommerce 45.779 31.684 77.463 61.996 10.172 72.168 'pt/Stor/Comms 74.349 865 75.214 200.512 325 200.837 :inance 19.077 19.081 190.653 190.654 Sonstruction 31.478 11.710 43.188 7.441 813 8.254 'roperties 37.486
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 SapitaLand 5.570 -0.130 Olam 2.300 -0.130 SapitaMall 2.980 -0.010 S IA 14.600 -0.100 SityDev 10.740 -0.120 SGX 6.780 -0.130 Sosco Corp 3.170 -0.030 SIA Engg 3.720 -0.010 IBS Grp 18.740 -0.120 SPH 4.260 4-0.010 :&N 4.440 -0.090 ST Engg 2.720 -0.030 Sent Intl 0.575 -0.005 SembCorp
      108 words
    • Article
      Lock icon BROKERS' TAKE
      780 6  -  JOYCE HOOI Keppel Corporation July 1 close: 5510.70 CIMB-GK Research, July 1 MPU Offshore Lift ASA submits petition for bankruptcy: Keppel Corp announced that its Netherlands subsidiary, Keppel Verolme BY, has received a notice from MPU that it has decided to submit a petition for bankruptcy in Norway.
      780 words
    • Article, Illustration
      Lock icon ST Index slides for fourth straight session
      512 6  -  CONRAD TAN STOCKS STOCKS here fell yesterday for the fourth consecutive day, as worries over stubbornly high oil prices and inflation clouded the broader economic and investment outlook for the second half of the year. The Straits Times Index (STI) ended 40.75 points
      512 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      55 6 Jul 1 VALUE CLOSE -923.00-187.OC IT OB/OS IT CADI -*****.00-204.0I IT 10-day MA -*****.00 -92.0' TSE ST Mid Cap 717.30 -3.5 TSE ST Small Cap 604.02 -9.9i TSE ST All Share 736.21 -9.3' TSE ST China 412.43 -7.3 OB Catalist 138.53 -3.1 IMSCI 355.95 -4.5. IMSCI Futures
      55 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Yangzijiang 36,244,000 Oceanus 26,092,000 Sing Tel 23,768,000 DBS DBeCWOBIOI3 22,555,000 ChinaFibreT 19,568,000 Golden Agri 18,908,000 DBS MBL eCWOBO9O9 15,723,000 CoscoCorpDßeCWoBo929 15,273,000 China Hongxing 14,663,000 SingTelMBLePWOBlOlO 14,007,000 VALUE(S) Keppel Corp 87,973,696 Sing Tel 85,614,130 DBS Grp 65,323,280 UOB 50,562,860 SGX 39,448,160 Cosco Corp 34,678,080 SembMar 31,742,720 Wilmar
      57 words
    • Article
      Lock icon RISES
      90 6 CLOSE UP IOIL 200 35.4 14.9 iembMar 418 14.0 3. ISH 1710 13.6 0.' i PC 672 12.0 1.: IOL 330 7.0 2.. JTI 3000SGAePW*****0 32 6.5 25. ;TI 3200 BNPePW***** 65.5 6.5 11s :urama 203 6.0 3s T&T 545 6.0 1.1 ;TI3100SGAePW*****9 62 6.0 10. BY PERCENTAGI CLOSE
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    • Article
      Lock icon FALLS
      124 6 CLOSE DOWN India Ni 10 1206 -77.0 -6.0 ILD 10US$ 9170 -70.8 -0.6 Kei Con 1070 -44.0 -3.9 Kei MBUCW*****0 288 -34.0 -10.6 ICBC Bk SGAeCW*****7 5 -30.5 -85.9 DBS MBLJCW*****0 508 -22.0 -4.2 filmar 485 -21.0 -4.2 IS MSCI India 100 557 -17.7 -2.3 Creative Tech 602 -17.0
      124 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      82 6 Jul 1 CLOSE CHNG FRJun30 YR SSLOW R2008 S$ HIGH USS 1.3602 -0.18 1.4542 1.3457 Euro 2.1445 0.16 2.2064 2.0474 Pounds 2.7167 -0.39 2.8431 2.6568 1.3001 0.79 1.3235 1.2349 'en* 1.2895 0.02 1.4484 1.2619 Rupiah* 0.***** -0.18 0.***** 0.***** Baht* 4.0652 -0.15 4.4299 4.0550 Peso* 3.0193
      82 words
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      182 7 Special moments, like hole-in-one stories and birthday cakes, are meant to Fill I PlatililllTl Benefits ilicllldfi' be shared. Now, ABN AMRO Platinum Card lets you share the good things |fl in life. Like complimentary golf and buggy at Keppel Club and Sembawang 7% Rebate*On petrol bill ffiiiS Club, 15% off
      182 words
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      282 8 Visit South East Asia's International Industrial I Building Technology Exhibition 2-4 July 2008 U *>^KF Singapore Expo Hall 3, Singapore 1 Expo Drive V y m^^~ Meet and interact with over 200 participating companies featuring the latest products and The Leading Industrial Show for State-of-the-art technologies Pumps, Valves^Comp^ressors and Systems
      282 words
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      Lock icon Page 8 Advertisements Column 2
      92 8 Quality Office Building SPRING Singapore Building Bukit Merah Central IPS|* I A commercial development comprising a lg|jii||L ilk 22-storey tower and a 6-storey podium block Ojpll: Site area: 88,295 sq ft approx P?^ £n» Gross floor area: 355,153 sq ft approx Close to full occupancy f^ Strategically located near CBD
      92 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Ernst & Young converts to limited liability partnership
      455 9  - Ernst Young converts to limited liability partnership ANNA TEO Deloitte changed in June; KPMG to switch by Oct, PwC within 12 months By ERNST Young yesterday became the second Big Four audit firm to become a limited liability partnership (LLP) one month after Deloitte Singapore blazed the trail. The other
      455 words
    • Article, Illustration
      Lock icon Kuraray sets up US$28m Asia-Pac hub
      397 9  -  RONNIE LIM Company could make specialty solar energy films here By JAPANESE specialty chemicals producer Kuraray, which has just established its Asia-Pacific hub in Singapore, is expanding its resin plant on Jurong Island and could make specialty films here for solar energy panels. Company
      397 words
    • Article
      Lock icon Beh Swan Gin to be new EDB head
      270 9 He will succeed incumbent Ko Kheng Hwa on Aug 1 BEH Swan Gin will succeed Ko Kheng Hwa as managing director of the Economic Development Board on Augl. Dr Beh is now EDB's assistant managing director with responsibility for corporate development and
      270 words
    • Article
      Lock icon SMEs get $12m double boost
      221 9 SPRING Singapore has invested $12 million in two initiatives to boost the envi-ronmental-technology sector, both of which were launched yesterday at Ngee Ann Polytechnic. The Environmental and Water Technology Centre of Innovation (EWT COI) is a joint venture with Ngee Ann Polytechnic to equip local
      221 words
    • Article
      Lock icon Singapore Expo to beef up services, facilities
      241 9  -  NISHA RAMCHANDANI By THE Singapore Expo Convention and Exhibition Centre is introducing new services and facilities to boost efficiency and attract bigger groups of visitors. One initiative is a porter service Porter Xpress at the Expo's business centre. The service will transport luggage
      241 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Advertising code amended
        41 9 THE Advertising Standards Authority of Singapore has announced amendments to the Singapore Code of Advertising Practice. The changes cover the legibility of disclaimers, how people can be portrayed and how condoms, moneylenders and matchmaking services can be advertised.
        41 words
      • Article
        Lock icon New appointment at Colin Ng & Partners
        42 9 New appointment at Colin Ng Partners BILL Jamieson joined Colin Ng Partners yesterday as an equity partner. Besides heading the English law and funds practice groups, he is a member of the banking and finance, India and corporate and commercial practice groups.
        42 words
    • Article
      Lock icon Spring S'pore Bt Merah building up for sale
      410 9  -  EMILYN YAP By COMMERCIAL development Spring Singapore at 2 Bukit Merah Central will be put up for sale today, with market watchers expecting it to fetch $150 million to $180 million. The development comprises a 22-storey tower block and a six-storey podium
      410 words
    • Article, Illustration
      Lock icon No gnashing of teeth for dental GPs, specialists
      1078 10 It's mostly 'live and let live' among dentists on oral aesthetic jobs, although some specialists prefer some regulation, reports CHEN HUI FEN LONGSIDE the trend of aesthetic medicine getting more popuA lar here, more dentists both general practitioners and specialists are carrying
      FILE PHOTO  -  1,078 words
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      51 9 Air Astana the National Carrier of Kazakhstan offers flights from To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing (6x weekly) and F°r Seoul (2x weekly) to domestic Kazakhstan and Europe via Almaty 4R 3IT SStana on Boeing 767 300
      51 words
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      185 9 ML^ >>""~ A ill m/-\ ie^.w B '^H tfl v 9 Social Development Unit and Social Service Training Institute are jointly offering the course under the Singapore Workforce Development Agency (WDA) Workforce Skills Qualifications (WSQ) framework. Join us in this third public run for existing and aspiring dating practitioners in
      185 words
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      1907 10 EVERGRO M ft Evergro Properties Limited Co Reg No: *****1688 C A MEMBER OF THE KEPPEL GROUP (Incorporated in the Republic of Singapore) Proposed Rights Issue and Capital Reduction Exercise Notice of Extraordinary General Meeting and Books Closure Date Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an
      1,907 words
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      5782 11 St%T a CSC HOLDINGS LIMITED fflrf Company Registration No. *****7845E (Incorporated in the Republic of Singapore) IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore! NOTICE OF 11TH ANNUAL GENERAL MEETING (Company Registration No. *****0219E) NOTICE IS HEREBY GIVEN that the 11* Annual General Meeting ("AGM") of CSC Holdings
      5,782 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Inflation menace dampens global growth
      413 12  -  LAN CAMPBELL The issue must be taken seriously if a repeat of the 1970s Great Inflation is to be prevented By INFLATION in the eurozone has risen to 4 per cent, twice the European Central Bank's targeted upper limit. In the United States inflation is
      AFP  -  413 words
    • Article
      Lock icon Japan business sentiment hits 5-year low: tankan
      532 12  -  ANTHONY ROWLEY But BOJ survey adds to view economy is showing resilience By in Tokyo BUSINESS sentiment in Japan sank to a five-year low in June, according to the Bank of Japan's (BOJ) latest quarterly "tankan" survey published yesterday. But the findings are
      532 words
    • Article
      Lock icon China businesses hit by rising inflation: surveys
      411 12 Reuters [BEIJING] Inflation is taking a toll on China's businesses, as two manufacturing surveys show that input prices are rising and weighing on commercial activity. The broader Chinese economy remained healthy but firms warned that they were passing rising costs on to consumers,
      – Reuters  -  411 words
    • Article
      Lock icon Record inflation in South Korea, Thailand, Indonesia
      452 12 Reuters, Bloomberg [SEOUL/JAKARTA/BANGKOK/ KUALA LUMPUR] Inflation in South Korea, Thailand and Indonesia have jumped to record highs, while Malaysia's central bank is also expecting increased inflation. The rate in South Korea jumped in June to the highest in almost a decade, just as
      – Reuters, Bloomberg  -  452 words
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      1827 12 I H I THE HOUR GLASS THE HOUR GLASS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****1972 D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 29th Annual General Meeting of the Company will be held at Singapore Marriott Hotel, Legacy Suite, Level 2,
      1,827 words
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  • FOCUS: MICROSOFT
    • Article, Illustration
      Lock icon Uncertain future for Microsoft as Gates leaves
      753 13 -NYT The centre of gravity in technology has shifted from PCs to the Internet altering the old rules of competition [NEW YORK] Bill Gates is retiring, sort of. He is still only 52, and he is going off to spend more time guiding
      -NYT; AP  -  753 words
    • Article, Illustration
      Lock icon Pressure piles on Ballmer as he leads Microsoft without Gates
      676 13 Reuters [SEATTLE] Steve BaUmer has been CEO at Microsoft Corp for eight years, but he will finally get to move into the corner office vacated by Bill Gates, the college friend who brought him to the company nearly three decades
      – Reuters  -  676 words
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      117 13 j^Bf ~y~£ "^3s *s!fek v*1 !sff" aj I p^pfll H j*""*'«fr "j.^^' a '^^iilfik^^■BKt i^^jjgJßc^^^^B^^P^^CTJM^tft^BPPjnft j^^?t?fTTLj i^ff^^^B F~j* 'l j iT^~'" 'i~~v'' t^^^ i y^f^V^ HEI PJ^^l P^P^^ I I P^P^P^P^^^^. ~'~*]^%&f '^3^^P t^^ A Tf^P^Pßßf^^PßtV' l^ltC^Pjl^P'^^Tfc^jßMLL''** f^^^fctfJjn'D V^jJ J l^^a^aHoßall^BßfiSi?^^^mßfiß*^P^H jT 'IJ^.1: f'■ -iSH^^jlvM^H^kl-' i -y^"-- 'L' I^^t^UT^y II^bBF
      117 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Anwar files police report against A-G, IGP
      589 14  -  S JAYASANKARAN He alleges that A-G Gani, IGP Musa had fabricated evidence over 1998 beating By in Kuala Lumpur MALAYSIA'S de facto opposition leader Anwar Ibrahim yesterday filed a police report alleging that Attorney-General Gani Patail and Inspector-General of Police (IGP) Musa Hassan
      AP  -  589 words
    • Article
      Lock icon Malaysia raises electricity tariffs
      431 14  -  PAULINE NG The govt says 59% of households will not be affected By in Kuala Lumpur MALAYSIAN households and businesses already grappling with a 40-63 per cent rise in petrol and diesel prices are about to be hit with a hefty rise in power bills after
      431 words
    • Article
      Lock icon Japan, Indonesia free trade deal takes effect
      222 14 -AFP [TOKYO] A free trade pact between Japan and Indonesia took effect yesterday, ending many tariffs and paving the way for Indonesian nurses to work full-time in Asia's largest economy, said officials. Under the Indonesia-Ja-pan Economic Partnership Agreement, Japan will accept nurses and
      -AFP  -  222 words
    • Article
      Lock icon BURSA MALAYSIA
      2239 14 Jul 1 RM Cooo) A&M Realty 0.51 \bric Bhd 0.15 Advance Synergy 0.10 Adventa Bhd 1.06 Ae Multi Hldgs 0.24 Win Holdings 1.85 Ahmad Zaki Resou 0.74 AicCorp 0.50 \irasia Bhd 0.92 Akn Technology 0.40 Alliance Financi 2.77 Aluminium Co 1.00 Amalgamated Ind 0.44 \mmb HldgsBhd 3.20 Amtel
      2,239 words
    • Article, Illustration
      Lock icon Indonesia's inflation soars to 21-month high
      301 14 Bloomberg [JAKARTA] Indonesia's inflation accelerated to a 21-month high after the government increased fuel prices, stoking speculation the central bank will raise its benchmark interest rate for a third straight month. Consumer prices rose 11.03 per cent in June from a year earlier, after
      Bloomberg; REUTERS  -  301 words
    • Article
      Lock icon UEM to sell its stakes in 2 units to PLUS
      404 14 [KUALA LUMPUR] UEM Group Bhd plans to sell stakes in units that include the Touch 'n Go smart card provider to PLUS Expressways Bhd for RMISO million (5562.5 million) to streamline its business, Malaysia's Business Times reported citing sources. The
      404 words
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  • GREATER CHINA
    • Article
      Lock icon Manufacturing growth slowest in 3 years: report
      554 15 Bloomberg Rise in exports hit by weaker US demand, rising wages, yuan gains [BEIJING] China's manufacturing expanded in June at the slowest pace in almost three years as growth in export orders weakened for the third month, a survey of purchasing managers showed.
      Bloomberg  -  554 words
    • Article
      Lock icon Peace restored after riot over girl's death
      283 15 Bloomberg [SHANGHAI] Police restored order to southwestern China's Weng'an county, after 30,000 protesters torched cars and laid siege to the local Communist Party building in the region's most violent rally in decades, Xinhua News Agency said. Protesters were enraged about the alleged cover-up
      Bloomberg  -  283 words
    • Article
      Lock icon China merges 2 steel firms on rising demand
      336 15 -AP Tie-up move creates world's fifth-largest steel producer [BEIJING] Two Chinese steel companies merged on Monday to form the world's fifth-largest producer, the latest in a series of govern-ment-orchestrated mergers aimed at creating globally competitive suppliers amid booming demand. The new state-owned
      -AP  -  336 words
    • Article
      Lock icon Beijing, Dalai Lama envoys resume talks
      270 15 Reuters [BEIJING] China resumed fence-mending talks with envoys of Tibet's exiled spiritual leader, the Dalai Lama, yesterday in a move that could burnish its international image weeks before the Chinese capital hosts the Olympics. It is their second closed-door meeting since rioting erupted in
      – Reuters  -  270 words
    • Article, Illustration
      Lock icon World's longest cable-stayed bridge opens
      243 15 -AFP [SHANGHAI] The world's longest cable-stayed bridge has officially opened in eastern China, linking the two banks of the Yangtze river, state media reported yesterday. The Sutong bridge, which spans 1,088 metres over China's longest waterway and links the cities of Suzhou and Nantong, officially
      -AFP; AFP  -  243 words
  • Page 15 Advertisements
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      244 15 JW CURRY OL JbUSION BUFFET ag^lf it *TjV terms conditions apply iBRVSRRtJn Lunch Dinner 1 ir iV "I '»Ji Served daily on weekdays, except public holidays I"^Xa. THPiprpwnc* BU^ULjULyuUKUM&AI| I Lunch(ll.3oam-2.00pm) Dinner (6.30pm- 10.00pm) £~\*Vm*^7 UsJ&JL^^g^^ I Adult: $21.80++ Adult: $23.80++ ■"l^^ i-inrl r^* **^S^»V jr^^ I Child: $14.80++ Child:
      244 words
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  • INDIA
    • Article, Illustration
      Lock icon The man with the midas touch at ArcelorMittal
      657 16 Reuters [LONDON] After conquering the steel industry two years ago, Lakshmi Mittal was soon looking for his next challenge. Indian-born Mr Mittal, the dominant shareholder in the world's largest steel group ArcelorMittal, has been racing to boost control over raw materials such
      ■ Reuters; BLOOMBERG  -  657 words
    • Article
      Lock icon India shoppers flock to big retail for food bargains
      700 16 Reuters The fragmented retail industry is estimated to be worth USs3sob [MUMBAI] Large modern Indian retailers, hobbled by strict foreign investment caps, political concerns and protests from small traders, are finding support from an unusual quarter: spiralling food prices. With India's
      – Reuters  -  700 words
    • Article
      Lock icon Communist pullout from coalition hinges on PM's G-8 summit decision
      599 16 Reuters [NEW DELHI] Angry about a civilian nuclear deal with the United States, India's main communist party said that it could withdraw support for the government if Prime Minister Manmohan Singh makes what is seen as a symbolic trip to
      Reuters  -  599 words
  • Page 16 Advertisements
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      630 16 F^SfBBBH I ~1 DISCOVER Smart solutions m ERP gantry locations and prices «^^%l f »,coj=s!?s™.» I YUUIOtLr' for the busy IN THE MATTER OF i#- 0 (IN ENGLISH) xA/nmon co.CnTSUik I Live traffic news WUI I ICI I Extract of the minutes at the Extraordinary General Meeting of members of
      630 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Asia rice price fall may end soon
      656 17 Reuters Slide unlikely to continue as Thailand imposes price-support plan [BANGKOK] Asian rice prices have tumbled even faster than they surged to record highs earlier this year, but the nearly 30 per cent slide will soon end as a Thai government price-support scheme
      – Reuters; REUTERS  -  656 words
    • Article
      Lock icon Rising risks of investing in commodities
      529 17 -Reuters Record oil, new laws may drain demand, analysts say [NEW YORK] Investment returns in commodities have beaten stocks and bonds for a fourth straight quarter, but risks are growing for investors bullish on the asset class as record high oil prices threaten to
      -Reuters  -  529 words
    • Article
      Lock icon Drought in venture-backed IPOs worst in 30 years: study
      386 17 -Reuters [SAN FRANCISCO] US venture capitalists blame hibernating credit markets and skittish investors with no appetite for new stocks for a venture-backed IPO drought unlike any seen in the past three decades, according to a new survey. Not one venture-capi-tal-backed US
      -Reuters  -  386 words
    • Article
      Lock icon June manufacturing in surprise expansion
      304 17 Bloomberg LATEST US DATA [NEW YORK] Manufacturing in the United States unexpectedly expanded in June for the first time in five months, signalling exports and the government rebate checks are helping companies weather the housing slump and jump in costs. The Institute for Supply Management's
      – Bloomberg  -  304 words
    • Article, Illustration
      Lock icon Yahoo casts doubts on Microsoft's takeover bid
      564 17 Reuters [NEW YORK] Yahoo on Monday sought to rally shareholder support in the face of a proxy battle with billionaire Carl Icahn, saying that the activist investor had an "ill-defined plan" for the future of the Internet company. Yahoo detailed its rationale for
      Reuters; BLOOMBERG  -  564 words
    • Article
      Lock icon Denmark is happiest country, finds survey
      258 17 Reuters [WASHINGTON] Denmark, with its democracy, social equality and peaceful atmosphere, is the happiest country in the world, researchers said on Monday. Zimbabwe, torn by political and social strife, is the least happy, while the world's richest nation, the United States, ranks 16th. Overall,
      – Reuters  -  258 words
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  • WORLD
    • Article, Illustration
      Lock icon Lehman mired in talk about being sold at discount
      532 18 Bloomberg SEC seen in March probing if traders spread rumours to depress share price [NEW YORK] Lehman Brothers Holdings has been the subject of market speculation that it may soon be sold for less than its market price, traders said. "We're
      ■ Bloomberg; AP  -  532 words
    • Article
      Lock icon Global profit warnings could be next shoe to drop
      555 18 Reuters [NEW YORK] Big US multinationals riding high on revenue from overseas operations may find that wave is about to break. For the past year, the stock market has rewarded those companies that have been able to offset subpar US performance
      – Reuters  -  555 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8395 18 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.087/ AIGIF Spore Bond Fund/ A 1.312/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.93/ APS Alpha Fund (USD) 0.68/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9596/ APS Komaba
      8,395 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      89 19 1/ --hM "J <;."//' '.--■r '-i i i™ ,?f :i 2 I > °"X ml rMM- GOBEVDND At The Business Times we understand that as an MNC you are constantly looking to venture beyond your current markets for new worlds to conquer. We serve up business news and insightful commentaries
      89 words
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  • AVIATION
    • Article
      Lock icon Boeing re-evaluating 787 schedule
      340 20 Bloomberg Fuselage section of 4th test plane damaged by supplier's employee [CHICAGO] Boeing Co, facing a delay of at least 14 months to its new 787 Dreamliner jet programme, said the fourth of six test planes may be delayed after a fuselage section was damaged by
      Bloomberg  -  340 words
    • Article
      Lock icon Plane-maker's stock slump hits worker payout
      414 20 Bloomberg [CHICAGO] Boeing Co stock posted its biggest monthly decline since the 2001 terror attacks, creating a double whammy for one class of investor: 196,000 current and former workers getting a special payment set by Monday's share price. The world's No. 2 com- mercial
      Bloomberg  -  414 words
    • Article, Illustration
      Lock icon Southwest hedging stops oil's ravage
      648 20 -AP [DALLAS] The computer screen on Scott Topping's desk at Southwest Airlines flickered with row after row of dates and numbers, tracking the price of oil futures for the next several months, and they told a grim tale: No letup in sight from record prices
      -AP  -  648 words
    • Article
      Lock icon Surcharges of no help to China carriers
      144 20 Xinhua [BEIJING] Chinese airlines, currently suffering a sluggish aviation market, said the increase in jet fuel surcharges, effective as of yesterday, was not expected to bring much benefit for them. From yesterday, passengers who buy tickets on domestic flights will have to pay
      – Xinhua  -  144 words
    • Article
      Lock icon Air China loses 'most valuable carrier' title to SIA
      404 20 Bloomberg SIA, which lost its top spot to Chinese airline last year, is valued at USsl2.Bb [SHANGHAI] Air China Ltd, the country's largest international carrier, lost its position as the world's most valuable airline to Singapore Airlines Ltd (SIA) after its
      – Bloomberg  -  404 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2559 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,559 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      334 20 CRYPTIC CROSSWORD ACROSS 6 Mate aroused me terribly —^_^—^_-r—^_-—^_-—^^^^^^_ beautifully fitting garment I jH] I Hfj j^Bl^^l 8 Disquiet of a Parisian female HJ I^l HJ when meeting English (6) HJ HE HE HE HE HE HJ 11 Hospital suppliers can make BB__HB__HB_ HE Mi HJ| HJ| 12 Sheet metal
      334 words
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  • SHIPPING/TRANSPORTATION
    • Article
      Lock icon All at sea in making the right call?
      860 21  -  DAVID HUGHES STRAIT TALK Despite higher costs, shipowners must start investing again soon to meet rising demand By IF ANYBODY really knew what was going to happen in the shipping markets in the next few months or even a bit longer they
      860 words
    • Article
      Lock icon FedEx lowers charges in China market
      209 21 -Reuters [BEIJING] Package delivery company FedEx Corp has lowered its rates in the fiercely competitive Chinese market despite higher fuel prices. FedEx, which started its domestic shipping service in China last June, cut charges for its quickest service, FedEx First Overnight which guarantees delivery
      -Reuters  -  209 words
    • Article
      Lock icon Arroyo will visit site of ferry tragedy, says spokesman
      487 21 ■AFP [SAN FERNANDO, Philippines] Philippine President Gloria Arroyo is expected to visit the site of the ferry tragedy and could meet the relatives of the victims, her spokesman said yesterday. The ferry carrying more than 850 passengers and crew sank during
      ■AFP  -  487 words
    • Article
      Lock icon Piracy reported near Pulau Tioman
      285 21  -  VINCENT WEE Two attacks in a month targeted tugs towing barges I By [SINGAPORE] The second piracy incident in a month has been reported near Pulau Tioman off Malaysia's east coast. And both times the target was a tug towing a barge. The Regional Coopera-
      285 words
    • Article, Illustration
      Lock icon US fishermen socked by fuel surge
      821 21 -AP [JUNEAU, Alaska] Leaping fuel prices are sinking the fortunes of America's commercial fishermen, some of whom may soon call it quits for good. In Alaska, boats that typically haul in rockfish and perch sit docked for prolonged periods. In Texas, shrimpers are travelling
      -AP; AP  -  821 words
    • Article
      Lock icon EU executive adopts competition rules for shipping
      103 21 Reuters [BRUSSELS] The European Commission said yesterday it had adopted new competition guidelines for shipping liner companies. Liner companies are currently exempt from competition rules, but that arrangement expires in October. "As from October 2008, liner companies will have to assess themselves whether
      Reuters  -  103 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 21 '000 :H Offshore Ihuan Hup Hldgs losco Corp ZWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks laya Hold Ltd <1Ventures <eppel Corp VlTQCorp MOL Pacific Shipping 3an-United Corp Rickmers Mari iamudera Ship iembcorp Indust iembcorp Marine ipore Ship itar Cruises 0.63 0.37 3.17 0.84 2.56 1.23 0.07
        106 words
      • Article
        Lock icon KLSE
        37 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.83 8.25 8.25 3.64 3.10 0.18 unch 0.01 unch -0.05 -0.02 unch 0.01 unch 536 11 187 232 54 24 0
        37 words
      • Article
        Lock icon BANGKOK
        12 21 ■oo ■recious Ship Jegional Cont .22.10 .17.80 -0.40 -1.10 1908 1331
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 Doil iingamas Cont 39.00 2.03 -0.25 0.04 725 2494
        11 words
      • Article
        Lock icon PHILIPPINES
        22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.50 29.50 unch unch -0.40 unch unch unch 1912 2230 0 0
        22 words
      • Article
        Lock icon TAIPEI
        22 21 Evergreen Marine ...22.50 :irst Steamship 49.10 /Van Hai Lines 23.40 r"ang Ming Marine...19.55 -1.60 -1.20 unch -0.45 12 5 5 10
        22 words
      • Article
        Lock icon TOKYO
        34 21 '000 :awasaki Hvylnd...279.00 -4.00 ***** :awasaki Kisen ....1002.00 5.00 4565 /litsubishi Hvy 504.00 -2.00 ***** /litsui Eng&Sbldg...334.00 -2.00 9332 /litsuiOsk Lines ..1493.00 -20.00 5647 lippon Express 510.00 1.00 2191 lipponYusen 1028.00 7.00 6497
        34 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      111 21 SOUTH EAST ASIA AND SOUTH ASIA TO/FROM NEW ZEALAND NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, we wish to inform the I trade that with effect from 1 August 2008, the BAF for all shipments from Singapore, Malaysia, Thailand, Indonesia, Vietnam and
      111 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon More than just another pharma plunge?
      481 22 EDITORIAL SINGAPORE'S industrial output has contracted for two consecutive months, with May recording the steepest fall in seven years. Exports also crashed. The main culprit, ostensibly, has been the notoriously volatile pharmaceutical industry, with its somewhat erratic production swings. But is it just one
      481 words
    • Article, Illustration
      Lock icon There is more fraud in science than one thinks
      986 22  -  SASWATO R DAS -IHT The temptation to 'massage' data is much bigger now with the need to justify grants and 'careerism' By WIDE-RANG-ING study of the incidence of scientific fraud in the United A States has just been published, A and
      -IHT; ST/FILE PHOTO  -  986 words
    • Article, Illustration
      Lock icon East China Sea deal eases Sino-Japan tension
      760 22  -  FRANK CHING THE BOTTOM LINE THE June 18 announcement of an agreement between Beijing and Tokyo to jointly develop gas fields in the disputed waters of the East China Sea should help ease tension between the two countries as they try to forge
      760 words
    • Article, Illustration
      Lock icon Global food crisis needs policy rethink
      1320 23  -  ARVIND SUBRAMANIAN Members of the international community must cooperate to resolve the issue By CCORDING to World Bank research, the current level of commodity prices, which are likely to be a medium- to long-term reality, will throw about 100 million people back into the
      REUTERS  -  1,320 words
    • Letter
      Lock icon HDB approach reflects true subsidy
      211 23 LETTERS TO THE EDITOR WE refer to Mr See Leong Kit's comments on the pricing of HDB flats in his letter "HDB contributing to price spiral", (BT, June 20). HDB adopts a marketbased pricing approach so as to reflect the true subsidy that buyers are
      211 words
    • Article
      Lock icon The high cost of Iraq no-bid contracts to oil industry
      787 23  -  808 HERBERT ■NYT By IT'S getting harder and harder to remain deluded. With each day come new facts to drag our heads out of the sand. Two weeks ago, The New York Times reported that four Western oil giants were
      ■NYT  -  787 words
    • Article
      Lock icon Clob stocks: arrange transfers for nominal fee
      155 23  -  Denis Distant TENS of thousands of Singaporeans who suffered 10 years ago because they happened to own KLSE listed shares bought on SGX continue to be squeezed by Singapore banks who eventually became custodians of Clob shares. In addition to the $2 per
      155 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8208 24 Transaction date: Jul 1 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond ETT 30 12 1938 AEICorp 24.5 6.5 1100 AEM 41 18 2101
      8,208 words
    • Article
      Lock icon SGX XTRANET
      63 24 JJi! Low Code Comi Sale COOO) JJi! Low Bui Seller C'vr P/E imil 200 116 6065 Diamonds US200cd 250 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 US6200 US1000 US***** SO 70 100 ***** ***** 6170 SPDRS 398.3 288
      63 words
    • Article
      Lock icon SGX CATALIST
      1915 24 Hii |h Low Code Comi ran' Sale COOO] Hii Low Bu1 fer Seller C'vr P/E $mil 22 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgi 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s Afor 70.5 11.5 1524 s Alantac
      1,915 words
    • Article
      Lock icon CLOB INTERNATIONAL
      204 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      204 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      25 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB W& 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. M
      25 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 30 World Index Preliminan 975.5 0.5 -13.8 0.2 -16.5 0.5 -11.1 EAFE Preliminai 926.2 0.5 -17.3 0.2 -17.6 0.5 -12.7 Euro[ Preliminan 1251.6 0.8
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 25 As at 9am Juli Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2950 1.3090 Can dollar 1.3260 1.3410 Euro 2.1280 2.1500 NZ dollar 1.0260 1.0480 iterlini ind 2.6910 2.7190 US dollar 1.3520 1.3670 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      174 25 Jul 1 $S Offer Bid Overnight 1/8 1-monfh 15/16 2-months 1 1/16 3-months 1 5/32 Overnight mode: 5/16 US$ Offer PAR 13/16 15/16 1 1/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.50 2.63 2.80 2.90 3.20 3.35 3.55
      174 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 Jul 1 ten Jii Sett >TI ilMSCI Jul 361 361.8 355.4 'aiwan Jul 287.4 288.6 281.8 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 1 SS Bid Offer 1-month 1.3598 1.3615 2-months 1.3579 1.3597 3-months 1.356 1.3579 6-months 1.3508 1.3528 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 25 Jul 1 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3017 1.3035 0.9558 0.9561 Canadian dollar 1.3382 1.3402 0.9826 0.9830 Euro 2.1464 2.1490 1.5760 1.5762 NZ dollar 1.0363 1.0388 0.7609 0.7619 iterlin. md 2.7228 2.7263 1.9993 1.9996
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      354 25 Jul 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.075 *****0 0 0 ***** 3861 EUROYEN FUTURES SepO8 99.130 99.130 DecO8 99.100 99.100 MarO9 98.990 98.990 JunO9 98.885 98.890 SepO9 98.810B DecO9 Mar10 Jun10 99.130 99.100 98.975 98.865 99.130 99.070 98.995 98.890
      354 words
    • Article
      Lock icon SICOM FUTURES
      284 25 Jul 1 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan/Mar 09 449.50 446.50 444.00 445.00 444.75 445.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      284 words
    • Article
      Lock icon CHICAGO BOT
      100 25 Jun3o (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul OS 1605.00 1581.50 1607.00 1562.00 Aug 08 1598.00 1579.00 1600.00 1560.00 Sep 08 1584.00 1566.50 1583.00 1540.00 Nov 08 1574.00 1559.50 1577.00 1531.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low lul 08 66.04 65.57 65.95 64.57 S.ug
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      73 25 CRUDE OIL PRODUCTS Jun3o CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 140.29 unch WTI(NearMth) 140.24 -0.48 Dubai (1-Mth F) 137.35 1.88 Tapis blend 149.35 1.25 Minas 144.95 1.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 134.38 171.40 -0.07 0.9 US$/barrel Opec Oil Basket Price 135.31
      73 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 25 Jul 1 AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.973 6.556 0.607 7.454 41.450 88.139 1.011 10.023 3.122 1.256 65.196 43.042 1.303 7.515 0.976 29.019 31.924 0.478 0.956 Canada 1.028 6.740 0.624 7.663 42.614
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 25 Jul 1 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****Z 02.10.08 1-Year BY*****N 04.05.09 0.50 0.93 0.4 0.4 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year
      92 words
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      Lock icon SIBOR
      68 25 Jul 1 mth 2.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 2.***** 1.***** mths 2.***** 1.***** mths mths 2 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 3.***** 4yrs 3.***** 5yrs 3.***** 7yrs 4.***** 10yrs 4.*****
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      Lock icon PALM OIL
      65 25 Jul 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jul 08 3540 Aug 08 3620 Sep 08 3624 Oct 08 3626 Total o/p: ***** contracts 3518 3540 3510 3565 3620 3550 3575 3624 3560 3580 3626 3578
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      Lock icon PRECIOUS METALS
      164 25 Jun 30 GOLD (USS/oz) Jun 30 Jul 1 GOLD BULLION COINS (S$) Sellini Bu Hong Kong 932.80 Closed 933.80 Jun 27 Jun 26 London 924.95 912.90 926.15 913.90 Source: Reuters pj; jciiiiil) Duyiiiy i~oz 1401.7 1262 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $491.13 403 SILVER Selling
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      Lock icon LONDON METALS
      69 25 Jun 30 iri iiuiii, yy.i (US$/tonne) Close Previous Cash 3065.00 3075.50 3 months 3114.00 3123.00 Copper, Grade A (US$/tonne) Cash 3 months 8693.00 8510.00 8706.00 8530.00 Lead (US$/tonne) Cash 1763.50 3 months 1790.00 1778.00 1800.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 unch Tin (US$/tonne) Cash *****.00
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      Lock icon LIFFE
      79 25 Jun 30 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1758 1743 1759/1740 SepO8 1705 1686 1705/1678 Dec 08 1660 1643 1660/1643 Mar 09 1621 1601 1621/1607 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2480 2431 2496/2424 SepO8 2480 2424 2488/2415 Nov08 2406 2381 2430/2372 Jan 09 2363 2328
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      Lock icon BONDS & WARRANTS
      4147 25 BONDS WARRANTS rel Zode Com| Last Sale +orVol Conv Exer ('000) Ratio Price Disc Gear- Mths ing Left >am >058 Advance Modules Grp W*****3 6 1036 AdvanceSCT Ltd W*****9 3 ArianeCorp Ltd W*****9 0.5 )092 Asia Environment W*****4 16 1481 Asia Water Tech Ltd W*****0 18.5 5816 Asiasons Capital Ltd
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  • MOTORING
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      Lock icon ST Kinetics service centre eyes premium cars sector
      482 30  -  SAMUEL EE It spends $2m to target older or parallel imported Mercs, Beemers By SINGAPORE Technologies Kinetics has spent $2 million on a service centre aimed at owners of older BMW and Mercedes-Benz cars. Called Star Black, the niche centre will offer
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      Lock icon Citroen sees growing passenger car sales
      474 30  -  SAMUEL EE Jan-May sales jump 36%; this year's target is about 300 units compared to 247 in '07 By CITROEN is confident of higher passenger car sales despite an increasingly competitive market and a shrinking COE quota. The French brand is the only marque
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      1110 30 IN THE MATTER OF IN THE MATTER OF In the Matter of The THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 Companies Act Cap. 50 AND AND and IN THE MATTER OF IN THE MATTER OF In the Matter of CSN SYSTEMS PTE LTD CAN.COM.SG PTE LTD GIRO
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  • EXECUTIVE MONEY
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      Lock icon Strategies for inflationary times
      1506 31  -  ELKE SPEIDEL-WALZ MONEY MATTERS Defensive is the way to go to preserve the value of your money, and certain assets do that better than others IN RECENT weeks, inflation has become the most decisive factor in capital markets and expected as-set-class returns. How quick and to
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      Lock icon Beating the market by betting on neglected stocks
      699 31  -  MARK HULBERT By PAY close attention to stocks that attract so little interest that they don't trade not even a single share on at least one day of the year. There are more of these neglected stocks than you might think: About
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      Lock icon Investing in second-hand life
      761 32 This fund pools policies sold by the insured, writes GENEVIEVE CUA IF YOU are in the market for an investment that shows little correlation to traditional asset classes, life insurance policies are a candidate that is, sec-ond-hand policies. SG Life Settlements is marketing an Australian-domi-ciled fund
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      Lock icon Disparate views amid market turmoil
      538 32  -  GENEVIEVE CUA By THOSE who have the courage to invest now are sowing the seeds of their fortune, says Arun Abey, executive chairman of Australian-based financial advisory group ipac. In contrast, asset allocator Scott Campbell, director (fund management) of MitonOptimal has raised cash weightings and
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      28 32 www.audi.coir Audi Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868 E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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