The Business Times, 10 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
    51 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Thursday, July 10,2008 THE BUSINESS TIMES SINGAPORE 85 cents m ica (P) 122/12/2007 online at http://www.businesstimes.com.sg •■F* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E Thursday, July
    51 words
  • Article, Illustration
    Lock icon Bay window loophole slammed shut by URA
    743 1  -  KALPANA RASHIWALA Developers will now have to include planter boxes, bay windows in GFA By [SINGAPORE] Here's some bad news for developers: a loophole that helped them sell in excess of the gross floor area (GFA) has been plugged. Till now, bay windows
    FILE PHOTO  -  743 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      41 1 Inesi iam 1COMP 1,139.81 +18.56 IIKKEI225 13,052.13 +19.03 1ANG SENG 21,805.81 +585.00 ;et index 721.13 -1.37 JAKARTA COM P 2,286.03 +7.05 IANILACOMP 2,481.53 +30.98 ;eoulcomp 1,519.38 -14.09 ;henzhen b 483.56 +10.55 IUMBAI IND 13,964.26 +614.61 12N00NEDT Change )OW 11,362.96 -21.25
      41 words
    • Article
      Lock icon PRIME RATES
      28 1 SINGAPORE 5.33 MALAYSIA 6.72 HONGKONG 5.25 INDONESIA 15.468 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 12.75 Source: Bloomberg
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.364 (US$/S$ per 1.969 2.686 :URO (US$/S$/E) 1.568 2.139 'EN 107.50 78.80 3.245 2.379 IK$ 7.802 5.720 !AHT 33.67 24.69 lUPIAH 9,184 6,733 1ENMINBI 6.862 5.031 INDIAN RUPEE 43.14 31.63 1.052 0.772
      37 words
  • Article
    Lock icon Backdoor listings surge as IPOs lose their charm
    841 1 Reverse takeovers hit record as they offer better valuation, less hassle in bleak times By LYNETTE KHOO [SINGAPORE] Backdoor listing is the flavour of the season as companies are taking the reverse takeover (RTO) route to the stock exchange instead of initial
    841 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 PROPERTY ANALYSIS Bjz|T BE INSPIRED —I Goldhill Centre G-8 and the need Lite-On sets up Zap for daily inspiration, up for tender to be inclusive ctSR)V regional HQ in S'pore Win a Zegna Sports Gym Kit! PAGE 29 PAGE 20 \J l}|j| PAGE 26 PAGE 5 I M
      48 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon World govts can bring down oil prices: MM Lee
      539 2  -  CONRAD TAN Firm action to reduce future oil use will cut oil prices today By [SINGAPORE] Oil prices can be brought down from current record high levels if world governments act decisively to reduce future consumption, said Minister Mentor Lee Kuan
      539 words
    • Article
      Lock icon Singapore Mercantile Exchange set for take-off in 2009
      619 2  -  SIOW LI SEN It will have futures contracts in energy, metals, agriculture, and carbon credits By [SINGAPORE] Singapore's efforts to launch a successful international commodity exchange has taken a step closer to bearing fruit. The government yesterday gave its endorsement to the
      619 words
    • Article
      Lock icon China's economy to overtake US by 2035: study
      396 2 AFP Growth driven by domestic demand expected to last [WASHINGTON] China's economy will overtake that of the United States by 2035 and be twice its size by mid-century, a study released on Tuesday by a US research organisation concluded. The report by
      AFP  -  396 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Cell phones: Slow start to new number portability regime
        69 2 THE barrier for switching operators may have been lifted last month but less than one per cent of local mobile phone subscribers have defected under the new regime. According to statistics disclosed yesterday by the Infocomm Development Authority of Singapore, some
        69 words
      • Article
        Lock icon SingPost HQ up for sale with $850m tag
        74 2 THE buzz created by recently unveiled plans to develop the Paya Lebar area into a commercial hub may get a boost from Singapore Post's planned sale of its landmark headquarters building next to Paya Lebar MRT Station. BT understands the group has
        74 words
      • Article
        Lock icon Asian equities to bottom out soon: Credit Suisse
        72 2 WHILE Asian equities markets are unlikely to see a sustained rebound in the near-term amid macro uncertainties, the downside risk is expected to be limited as the correction is approaching a trough, according to Credit Suisse Private Banking. "We believe that the
        72 words
      • Article
        Lock icon ComfortDelGro unit to buy Australia's Custom Coaches
        48 2 COMFORTDELGRO Corporation's Australian subsidiary, ComfortDelGro Cabcharge (CDC), has entered into a memorandum of understanding for the acquisition of bus builder Custom Coaches, which will give CDC a 35 per cent share of the Australian bus building market. COMPANY NEWS, PAGE 9
        48 words
      • Article
        Lock icon Commodities to peak this year, says Rabobank
        46 2 PRICES of commodities should peak this year, including those in the agricultural space, said Sipko Schat, vice-chairman of Rabobank International. He expects inflation to remain high as well this year, but to moderate next year. SINGAPORE NEWS, PAGE 10
        46 words
      • Article
        Lock icon Raising interest rates makes sense: Fed official
        85 2 IT MAKES "eminent sense" to raise interest rates as risks to the US economy recede amid high inflation and the central bank should not wait too long, a top Federal Reserve policy-maker said on Tuesday. "Just as easing policy aggressively in response to
        85 words
      • Article
        Lock icon Change likely for windfall tax plan for power producers
        61 2 A HEFTY windfall tax proposed for Malaysia's independent power producers is likely to be modified because it could seriously hurt at least one player, undermine the capital markets, and seriously damage the balance sheets of big bond issuers and investors like
        61 words
      • Article
        Lock icon Winnie Ho loses court bid to stop SJM's IPO
        63 2 MACAU casino operator SJM Holdings delayed its Hong Kong IPO trading debut by a week to next Wednesday amid a legal challenge by founder Stanley Ho's estranged sister. Hong Kong's High Court ruled yesterday against Winnie Ho's last-minute attempt to scupper
        63 words
    • Article
      Lock icon Cell phones: Slow start to new number portability regime
      598 4  -  WINSTON CHAI Expected spike in churn rates fails to materialise By [SINGAPORE] The barrier for switching operators may have been lifted last month but less than one per cent of local mobile phone subscribers have defected under the new regime. According
      598 words
    • Article, Illustration
      Lock icon Billionaire founder of Templeton Funds dies at 95
      476 4 Reuters [BOSTON] John Templeton, a pioneering mutual fund manager, global investor and billionaire philanthropist, died of pneumonia in a hospital in the Bahamas on Tuesday, a spokeswoman at his foundation said. He was 95. Mr Templeton, who started his career on Wall
      Reuters; AP  -  476 words
  • Page 2 Advertisements
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      151 words
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      Lock icon Page 2 Advertisements Column 2
      445 2 CHINA HEALTHCARE LIMITED (Incorporated in the Republic of Singapore) Company Reg. No. *****2500K NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 235 Corporation Drive Singapore *****1 on 25 July 2008 at 1 pm (or immediately after the
      445 words
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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      1653 4 YONGMAO HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 3 August 2005) (Company Registration No: *****0649K) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Yongmao Holdings Limited ("the Company") will be held at 18 Sungei Kadut Avenue, Yew Tee Industrial Estate, Singapore
      1,653 words
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      40 4 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email I notices@sph.com.sg. I I^^" I_N| V>/ 1_ _L\^X-fk3 Toll free: 1800-289-8822* Email: notices@sph.com.sg BUY IT-SELL IT- FIND IT llMBli»jfil^ ■aßßppwlM
      40 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingPost HQ up for sale with $850m tag
      488 5  -  KALPANA RASHIWALA Terms of any leaseback deal could determine price it fetches: observers By THE buzz created by recently unveiled plans to develop the Paya Lebar area into a commercial hub may get a boost from Singapore Post's planned sale of its
      FILE PHOTO  -  488 words
    • Article
      Lock icon Your own designs pay off in rig building
      536 5  -  VINCENT WEE By IN the world of oil rig building, as in the other industries, having your own proprietary designs confers a decided advantage. The two biggest players in the market know this and are taking steps to increase the gap between
      536 words
    • Article, Illustration
      Lock icon Asian equities bottoming out, says Credit Suisse
      614 6  -  LYNETTE KHOO Downside risk is expected to be limited as correction approaches a trough BY WHILE Asian equities markets are unlikely to see a sustained rebound in the near term amid macro uncertainties, the downside risk is expected to be limited as the
      614 words
    • Article
      Lock icon Heng Long Int'l bucks tanking IPO trend
      549 6  -  YEN SREENIVASAN But tannery may be an acquisition target by fashion houses By CROCODILIAN skin tannery Heng Long International has bucked the recent trend of tanking initial public offerings (IPOs) by ending its debut session yesterday in positive territory. After hitting a low
      549 words
    • Article
      Lock icon Q2 reporting season will test Singapore's defensive reputation
      685 6  -  R SIVANITHY EARNINGS reporting season is always important as it gives analysts and investors the opportunity to whip out their calculators and take stock of what to buy or seU. When the second-quarter reporting season kicks off in about a fortnight, though,
      685 words
    • Article
      Lock icon Comfort DelGro unit to acquire Custom Coaches
      374 9  -  NISHA RAMCHANDANI Deal will give it 35 per cent share of the Australian bus building market By COMFORTDELGRO Corporation's Australian subsidiary, ComfortDelGro Cabcharge (CDC), has entered into a memorandum of understanding for the acquisition of bus builder Custom Coaches, which will give CDC
      374 words
    • Article
      Lock icon Rednano unveils cellphone search service
      379 9  -  DIONDI TAN By Rednano.sg, Singapore's first local search engine and directory service, is on the go. Less than four months after its launch, Rednano yesterday unveiled a new service Rednano Mobile Search the mobile-phone version of its localised search engine service. From Aug 1, all
      379 words
    • COMPANY BRIEFS
    • Article
      Lock icon ASA to come under new mgt after chairman's sell-off
      341 9  -  ARTHUR SIM By CERAMIC tile maker ASA Group Holdings chairman Chan Chun Hsiung appears to have succumbed to the pressure of being put on Singapore Exchange's (SGX) watch-list and has sold all but 1,000 shares held direct by him in the
      341 words
    • Article
      Lock icon Oculus exec director voted out; 3 new board members appointed
      622 9  -  CHOW PENN NEE EGM WATCH Nominee proposed by exec director also rejected By INDICATING their desire for the company to move on, shareholders of eye-care company Oculus yesterday voted to oust executive director Jan Tangkilisan and appoint three new independent
      622 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      122 5 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! /k To Zap: 1) Download Color Cam™
      122 words
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      Lock icon Page 5 Advertisements Column 2
      136 5 The OASIS Companies Sensible High Yield/Impeccable Credentials Agent/Broker Required for the MIDDLE EAST FAR EAST www.oasisroi.com OASISASIA International Ltd. THE FUTURE OF FINE WATCHMAKING 111 \l if' jj. m V<^|. II 111 URWERK presents THE URIO3 AND ITS HOUR SATELLITE INDICATION also available in red gold and TiAIN ,^> n
      136 words
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      139 6 Macquarie Warrant Hotshot Contest. Win $20,000 Grand Prize plus weekly cash prizes. The Macquarie Hotshot Contest is back! Whether you are new to warrants or a seasoned pro, Macquarie Warrant Hotshot is the simulated real-time trading contest for you. Besides gaining experience in warrant trading and sharpening your skills, you
      139 words
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      Lock icon Page 6 Advertisements Column 2
      52 6 Air Astana the National Carrier of Kazakhstan offers flights from a To book and buy contact your travel agent Bangkok (3X Weekly), or Air Astana at +65 6223 8377 Beijing (6x weekly) and For Seoul (2x weekly) ~^f to domestic Kazakhstan and Europe via Almaty 31T 3StSn3 on Boeing 767
      52 words
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      253 7 r[ji& covtlX s mjte£ aH>e£a{/ (Uulresses 4jeserP& £/l& /tute£ s(Hidrut dm:er servLcav resl4£/ic&s I' Wm-^"^ 11 iß^^^_ M I y IbbbV^bJ H™—— _j^*"i AVi B^^^^^ b^b^ wESci^S/B^Bbvt^k lkkV > ■MB i Mfc -I >; I J'^ i Ih l™« 1 '^jh, "i" :J M^jM^^aM^^^BJ»Wg^ CTfcfß«wWif<*****Mg^ "^M '111 l^'l^v hßp(- bpC9^
      253 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Relief from oil pullback, Wall Street
      580 8  -  R SIVANITHY STOCKS ST Index recovers two-thirds of Tuesday losses, but broad market sees narrow gains TUESDAY'S US$5 fall in oil to about US$l36 a barrel and the resultant bounce this triggered on Wall Street spilled over to this part of the world yesterday,
      Bloomberg  -  580 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      99 8 Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 3 0 0 0 8 6 3 Manufacturing 72 50 50 13 78 57 63 Commerce 28 15 14 34 20 19 'pt/Stor/Comms 18 14 19 15 Finance 17 18 Construction 14 Properties 19
      99 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 22,925 22,925 101,966 101,966 Manufacturing 292,590 19,541 312,131 243,651 1,876 245,527 Commerce 46,493 22,349 68,842 68,324 7,162 75,486 Tpt/Stor/Comms 102,348 964 103,312 292,407 318 292,724 Finance 34,131 34,132 295,782 295,783 Construction 19,670 39,935 59,605 3,154 741 3,895 Properties 40,366
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 5.820 +0.040 lapitaMall 3.150 +0.100 jtyDev 11.280 +0.280 losco Corp 3.140 -0.010 IBS Grp 18.840 +0.360 :&N 4.480 +0.090 Sent Intl 0.560 +0.005 IK Land 4.300 -0.060 ISH 17.040 -0.160 lardineC&C 16.140 +0.040 Ceppel Corp 10.640 -0.020 Ceppel Land 4.800 +0.100 IOL 3.050 +0.070 loble
      106 words
    • Article
      Lock icon BROKERS' TAKE
      936 8  -  JOYCE HOOI Fraser and Neave July 9 close: $4.48 Kirn Eng Research, July 9 FRASER and Neave (F&N) intends to buy Allco Commercial Real Estate Investment Trust's (Reit) manager, Allco Singapore, and its 17.7 per cent stake in the Reit for $180 million. On completion, F&N will rename
      936 words
    • Article, Illustration
      Lock icon Dollar down amid investor caution
      432 8 -AFP CURRENCIES [TOKYO] The dollar eased against the euro in Asian trade yesterday as investors remained cautious over the US credit squeeze and news that Iran test-fired a long-range missile, dealers said. Iran yesterday test-fired its Sha-hab-3 missile, whose longer range puts Israel within reach,
      -AFP; AFP  -  432 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      60 8 Jul 9 VALUE CLOSE BT OB/OS -1121.00 +37.0 BT CADI -*****.00+102.0 BT 10-day MA -*****.00-113.00 FTSE ST Mid Cap 706.22 +11.57 FTSE ST Small Cap 583.89 +5.33 FTSE ST All Share 733.35 +8.44 FTSE ST China Top 417.02+12.78 FTSE ST China 409.51 +7.88 UOB Catalist 130.42 +1.12
      60 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Li Henq 46,823,000 Sapphire 34,049,000 Golden Aqri 31,529,000 Henq Long 28,857,000 China Honqxinq 26,374,000 SingTel 24,771,000 Healthway 24,206,000 Mercator 22,349,000 DBS MBLeCWOBI2O2 21,650,000 Ferrochina 20,523,000 VALUE(S) SGX 109,221,760 S I A 94,394,435 SingTel 87,361,906 DBS Grp 80,861,700 Keppel Corp 59,908,562 UOB 58,659,360 Noble Grp 31,625,250 Wilmar
      57 words
    • Article
      Lock icon RISES
      108 8 CLOSE UP ICBCCai :.93%Pref10 ***** 170.0 1.7 China H 10US$ 1537 118.6 6.' India Ni 10 1299 72.0 5: ilA 200 1488 64.0 4. I A 1488 52.0 3.' lUE 1400 50.0 3. 'enture Con 1034 49.0 5.' iBS Gr| 1884 36.0 1. ;gx 695 36.0 5. ISMSCI India
      108 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN 9106-106.3 -0.8 GLD 10US$ JMH 3002 -79.1 -1.9 OCBC Bk4.5%NCPS 100 ***** -30.0 -0.3 DBS MBL iCW*****3 612 -27.0 -4.2 JSH 1704 -21.8 -0.9 DBS Bk6% NCPS 10 ***** -20.0 -0.2 Kei MBUCW*****3 379 -17.0 -4.3 YHS 219 -16.0 -6.8 Great Eastern 1652 -12.0 -0.7
      120 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 8 Jul 9 CLOSE CHNG FR Jul 8 YR2008 S$ LOW S$ HIGH USS 1.3632 -0.03 1.4542 1.3457 Euro 2.1386 0.19 2.2064 2.0474 Pounds 2.6870 0.26 2.8431 2.6568 AS 1.2959 0.34 1.3235 1.2349 Yen* 1.2676 0.91 1.4484 1.2619 Rupiah* 0.***** -0.38 0.***** 0.***** Baht* 4.0499 -0.06 4.4299
      85 words
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      944 9 /fft^A Get y°ur Rabobank Warrant lO ifll Highlights daily via email. W~ Visit www.rabowarrants.com.sg or 4j*jiyfldMj* BJa 0y emailwarrants@rabobank.com wvffflMWwj^t DBS RB EPWOBI2IB (FOFW) DBS RB ECWOBII2B (FR7W) DBS GROUP HOLDINGS LTD Put DBS GROUP HOLDINGS LTD Call Exercise Price S$ 19.00 Exercise Price S$ 19.00 L Expiry Date 18
      944 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Tharman urges bosses to block wage inflation
      386 10  -  LYNN KAN By FOOD and fuel prices may have inevitably risen due to inflation, but employers should do all they can to prevent wage inflation that would hurt Singapore's growth in the long run, said Finance Minister Tharman Shanmugaratnam yesterday. Currently, the Monetary
      FILE PHOTO  -  386 words
    • Article, Illustration
      Lock icon Scholarship boost for accounting students
      424 10  -  MICHELLE QUAH By PROFESSIONAL body CPA Australia has teamed up with 11 Singapore companies to offer a $750,000 scholarship programme for high-achieving accounting students at Singapore's three local universities. It hopes this will deepen the bond between employers and students in the hope of addressing
      424 words
    • Article
      Lock icon Commodities to peak this year, says Rabobank
      417 10  -  GENEVIEVE CUA Vice-chairman also expects inflation to remain high, but to moderate next year By PRICES of commodities should peak this year, including those in the agricultural space, said Sipko Schat, vice-chairman of Rabobank International. He expects inflation to remain high as well
      417 words
    • Article
      Lock icon JAC to start on mega project by year-end
      695 10  -  RONNIE LIM USs2.3b aromatics complex to come on stream in 2011 By DESPITE some earlier financing hold-ups no thanks to the credit crunch and also difficult market outlook Jurong Aromatics Corporation (JAC) now expects to start construction of its mega US$2.3 billion
      695 words
    • Article
      Lock icon COE prices up across the board
      234 10 COE premiums rose across the board yesterday despite most motor traders complaining about a weak car market. "The three-week break between COE tenders must have played a part in the higher premiums," said the manager of a popular Japanese dealership. He explained that when
      234 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon S'pore firms take part in Hanoi trade show
        66 10 AN electronics and precision engineering business delegation left yesterday for Hanoi. The group comprises 53 companies, 39 of which will participate in the MTA Vietnam2ooB trade show under the Singapore pavilion, the show's largest national pavilion. The delegation is led by the
        66 words
      • Article
        Lock icon Caltex, SPC lower pump prices
        43 10 CALTEX and Singapore Petroleum Company (SPC) have reduced their pump prices by four cents a litre across all grades of petrol and motor gasoline respectively, with each maintaining their promotional price discounts. The adjustments came into effect yesterday.
        43 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Raising interest rates makes sense: Fed official
      577 11 Reuters Risks to US economic growth said to be fading amid high inflation [WASHINGTON] It makes "eminent sense" to raise interest rates as risks to the US economy recede amid high inflation and the central bank should not wait too long, a top
      – Reuters  -  577 words
    • Article
      Lock icon Highest rise for won in 10 years on US$ sell-off
      354 11 Reuters [SEOUL] South Korea dumped more than US$3 billion on the foreign exchange market yesterday to prevent the sliding won from fuelling inflation, prompting the biggest rise in the currency in a decade. Dealers estimated that South Korean authorities have
      ■ Reuters  -  354 words
    • Article
      Lock icon Asian central banks behind the curve, says GIC official
      308 11 Reuters [SINGAPORE] Asian central banks need to tighten monetary policy further to cope with inflation, a senior Government of Singapore Investment Corp (GIC) official said yesterday. But inflation in the continent is unlikely to rise much further as oil and commodities
      – Reuters  -  308 words
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      214 11 B PHOENIX ■^^^ml i r*T idd Make an affordable call <r/^^\/ Australia V^n/ W Germany ll X\ Hong Kong ff t-y*\\ I jyj M Japan 7j V^V. New Zealand >w I I f>^^'^~---~O Taiwan I 1 I^^ UK I i \f u*SS£j2& )n i\ Call 6838 1516 or register online
      214 words
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  • VANISHING JOBS
    • Article
      Lock icon Tense times ahead for future bankers
      652 12 Reuters [FRANKFURT] Before they even start working 80-hour weeks, graduates sense tougher times in investment banking, and either by choice or necessity, some are already planning careers elsewhere. Financial companies have slashed at least 70,000 jobs in the United States and Europe as a
      – Reuters  -  652 words
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      3779 12 C JLfir™ CHINA HEALTHCARE LIMITED ™.«**«£**a*.« vW^mll (Incorporated in the Republic of Singapore) in the'matter Surface Mount Technology (Holdings) Limited Company Reg.N0.*****2500K tm lJ lßr l ßllKmiTn Company Registrar No. ***** SECUR-CARD GEMPLUS FTE LTD (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING |IN "^q^atSn) NOTICE OF
      3,779 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Missing PI traced to somewhere in SE Asia: KL police
      354 13 [KUALA LUMPUR] A private investigator who went missing after linking Malaysia's deputy premier to a murdered Mongolian woman has been traced to an unnamed location in Southeast Asia, police here said yesterday. Criminal Investigation Department (CID) director Bakri Zinin said
      354 words
    • Article
      Lock icon Top Glove to pass bulk of cost hikes to buyers
      579 13  -  PAULINE NG But it says challenge is tougher for Spore subsidiary Medi-Flex By in Kuala Lumpur MALAYSIA'S biggest glove maker Top Glove Corporation plans to weather higher latex and energy prices as well as a weaker US dollar by passing
      579 words
    • Article
      Lock icon Change likely for windfall tax plan for power producers
      695 13  -  S JAYASANKARAN Hefty tax could hurt players, damage balance sheets of major bond issuers By in Kuala Lumpur A HEFTY windfall tax proposed for Malaysia's independent power producers (IPPs) is likely to be modified because it could seriously hurt at least
      695 words
    • Article
      Lock icon Inflation tops 6% in June, says Zeti
      185 13 Bloomberg [KUALA LUMPUR] Malaysia's central bank said the country's inflation rate probably exceeded 6 per cent last month, higher than earlier estimated, and will stay "elevated" until 2009. "While domestic inflation is expected to remain elevated for the remaining part of this year
      Bloomberg  -  185 words
    • Article
      Lock icon BURSA MALAYSIA
      2211 13 lul 9 RM COOO) A& M Realty 0.48 AbricBhd 0.15 advance Synergy 0.09 Adventa Bhd 1.04 AeMuIti Hldgs 0.21 Win Holdings 1.74 Ahmad Zaki Resou ....0.70 AicCorp 0.50 AirasiaBhd 0.85 Akn Technology 0.39 Alliance Financi 2.59 aluminium Co 0.98 Amalgamated Ind ....0.42 Ammb Hldgs Bhd 3.14 Amtel Holdings
      2,211 words
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      144 13 Sco 11 s Welcome home to life's most precious. launching soon 30 storey development with ensuite, elevated private car garages -!V^ Hamilton i sco 11 s Anglo-Chinese School □I American Club I Tanglin Club Sheraton Newton Newton Circus Orchard MRT Tangs Plaza Hyatt Goodwood H .UJDDDM-L— —I_UL 'i .^mmM^^mm-^^^ Hotel
      144 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Sarkozy to attend Olympics opening ceremony now
      409 14 AFP [TOYAKO, Japan] French President Nicolas Sarkozy will attend the opening ceremony of the Beijing Olympic Games next month despite an earlier threat to boycott it over a crackdown in Tibet, according to a statement. Mr Sarkozy told Chinese President Hu Jintao he
      AFP  -  409 words
    • Article
      Lock icon CIC eyes global equity markets
      136 14 Reuters [BEIJING] China's sovereign wealth fund will soon invest in global equity markets, the official China Securities Journal reported yesterday, citing sources. The newspaper said that the China Investment Corp (CIC) would choose overseas managers to help it buy several categories of stocks, including global
      ■ Reuters  -  136 words
    • Article
      Lock icon Winnie Ho loses court bid to stop SJM's IPO
      660 14 Reuters But not before the casino operator opted to delay trade debut by a week [HONG KONG] Macau casino operator SJM Holdings delayed its Hong Kong IPO trading debut by a week to next Wednesday amid a legal challenge by founder
      – Reuters  -  660 words
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      Lock icon Page 14 Advertisements Column 1
      73 14 stand oar At The Business Times we can see how important it is for you as an SME to make a splash in a sea of homogeneity and establish your own identity. Our comprehensive coverage and insights into the SME scene help you navigate the waters. Our Enterprise 50 Awards
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      Lock icon Page 14 Advertisements Column 2
      92 14 THE STRAITS TRADING COMPANY LIMITED (Incorporated In Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate in the name of Wong Ngan Kuen, Mdm has been reported lost: Notice is also hereby given that the new share certificate will be issued and the original share certificate
      92 words
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  • INDIA
    • Article, Illustration
      Lock icon Govt struggles to shore up support in parliament
      689 15 Communist allies officially withdraw to protest nuclear deal with the US [NEW DELHI] India's government began yesterday the hard task of cobbling together votes to survive a no-confidence motion after the withdrawal of its communist allies to protest a nuclear deal with
      AP  -  689 words
    • Article
      Lock icon India monetary policy still loose, say economists
      528 15 Reuters Central bank should have stronger anti-inflation remit [MUMBAI] Indian monetary policy is still loose despite a burst of interest rate increases and economists say the central bank needs to train its sights on inflation alone rather than juggle growth, the currency and
      – Reuters  -  528 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Brown confident China, India will join green deal
      864 16  -  ANTHONY ROWLEY G-8 SUMMIT China, India, Brazil, two others call for more drastic emission cuts by G-8 By in Toyako BRITISH Prime Minister Gordon Brown expressed confidence last night at the G-8 summit in Toyako, northern Japan, that both China and India
      864 words
    • Article
      Lock icon Norway sovereign fund to raise Asia exposure
      548 16 Reuters It is aiming for long-term real return of 4% a year [SINGAPORE] Norway's almost US$4OO billion sovereign wealth fund wants to increase its exposure to emerging markets and Asia as it aims for a long-term real return of 4 per cent a
      – Reuters  -  548 words
    • Article
      Lock icon Opec's '08 earnings to hit USsl.2t
      126 16 Reuters [WASHINGTON] Opec's earnings from oil exports are expected to reach a record U551,251 trillion this year, about US$73 billion more than previously estimated, the US Energy Information Administration said on Tuesday. Net oil export earnings from the Organisation of Petroleum Exporting Countries are
      – Reuters  -  126 words
    • Article, Illustration
      Lock icon 'Lost' painting sold for US$24.4m
      234 16 Reuters [LONDON] A painting by French artist Jean-Antoine Watteau, presumed lost and unseen by the public for almost 200 years, fetched U5524.4 million at auction on Tuesday as the art market continued to shrug off growing economic gloom. Christie's said that the amount, around three
      – Reuters; BLOOMBERG  -  234 words
    • Article
      Lock icon Platts' Lehman move highlights oil referee role
      501 16 Reuters [SINGAPORE] Oil price agency Platts' move to temporarily bar Lehman Brothers from its trading window has highlighted its delicate dual role as the de facto regulator of the world's physical energy markets. Platts, whose physical price assessments are the cornerstone for most
      Reuters  -  501 words
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  • WORLD
    • Article
      Lock icon Why Merrill's considering asset sale
      714 17 NEWS ANALYSIS A share issue now may cost USs4b due to financing terms in earlier deals [NEW YORK] MerriU Lynch Co Inc agreed to financing terms in December and January that could end up costing the bank nearly US$4 billion if it tries to issue
      714 words
    • Article
      Lock icon US$5b Bloomberg offer to Merrill
      193 17 Reuters [NEW YORK] A blind trust run by New York City Mayor Michael Bloomberg is willing to pay between US$4.5 billion and US$5 billion to buy Merrill Lynch Co's 20 per cent stake in financial news and data provider Bloomberg LP, the New York Post
      – Reuters  -  193 words
    • Article
      Lock icon US hedge funds fall in H1; dive in mutual funds
      364 17 uters [BOSTON] US hedge funds, which often promise to make money in all markets, were in the red during the first half of the year but did not lose nearly as much as mutual funds, according to data released on
      uters  -  364 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8306 17 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 2.015/ AIGIF S'pore Bond Fund/ A 1.326/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.88/ APS Alpha Fund (USD) 0.65/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.948/ APS Komaba
      8,306 words
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  • AVIATION
    • Article
      Lock icon EU includes aviation in CO2 curbs
      580 18 Reuters 'Polluter pays' principle applied to help cut greenhouse gas output [STRASBOURG, France] To howls of protest from airlines, European Union lawmakers approved a deal with governments on Tuesday to include aviation from 2012 in the EU's Emission Trading Scheme, a key tool to
      Reuters  -  580 words
    • Article, Illustration
      Lock icon US airlines told to make safety checks on MD-80 series planes
      530 18 ■AP [ATLANTA] The Federal Aviation Administration (FAA) is ordering US airlines to conduct safety inspections to look for cracking on overwing frames on certain MD-80 series aircraft, a directive that could be a headache for an industry reeling from
      ■AP; REUTERS  -  530 words
    • Article
      Lock icon Southwest, WestJet to forge codeshare partnership
      376 18 Reuters [CALGARY] Southwest Airlines said on Tuesday it will start a codeshare partnership with Canada's West Jet Airlines marking the No 1 US domestic carrier's first foray into the Canadian market and a key boost for West Jet's expansion plans and its stock. Under
      Reuters  -  376 words
    • Article
      Lock icon Air New Zealand freezes senior exec salaries
      197 18 Bloomberg [AUCKLAND] Air New Zealand, the nation's biggest carrier, is freezing senior executive salaries and reviewing non-essential operations as fuel costs soar and demand for seats slows. Pay increases for managers on individual agreements will be achieved through a headcount reduction or increased
      Bloomberg  -  197 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2489 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,489 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      226 18 CRYPTIC CROSSWORD ACROSS l l l l l 23 I I I ter-pounder! (5) 27 Visit next door, almost a disaster (5,4) 8 It is bogus to encompass en- 25 Ring fellow before one, one 28 Bribe with sugar (9) thusiasm (5) from Middle East (5) 29 Bloomer is seen
      226 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Maersk slashing Taiwan port ops to focus on China
      445 19 Reuters Move is latest blow to Kaohsiung port which is losing out to S Korea, China [TAIPEI/HONG KONG] AP Moller-Maersk plans to slash about half its container handling capacity in Taiwan's Kaohsiung, Asia's No 6 port. The move will be the
      – Reuters; BLOOMBERG  -  445 words
    • Article
      Lock icon Pirates release German cargo ship
      215 19 [BERLIN] A German cargo ship held captive for 41 days off the coast of Somalia was released and all aboard were safe and unharmed, a shipping company said yesterday. A Somali official said that the pirates received a large ransom. The Lehmann GmbH shipping company
      215 words
    • Article
      Lock icon TUI shareholder ups bid for Russian's stake
      208 19 -AFP [FRANKFURT] Norwegian investor John Fredriksen has bid for Russian steel magnate Alexey Mordachov's 10 per cent stake in German travel and shipping group TUI in order to change its strategy, a press report said yesterday. "Mr Fredriksen, who owns around 15 per
      -AFP  -  208 words
    • Article
      Lock icon ZPMC sets up Asean unit, spare parts centre in S'pore
      251 19  -  VINCENT WEE [SINGAPORE] Having some of its biggest customers in the region is one of the reasons behind top manufacturer of port machinery and heavy marine equipment Shanghai Zhenhua Port Machinery (ZPMC) establishing its first South-east Asia subsidiary company and
      251 words
    • Article
      Lock icon US 2008 airfare hikes likely to surpass 2007's
      378 19 [CHICAGO] A two-year string of domestic fare hikes by major US airlines has picked up steam this year, baffling experts who predicted that economic pressures would choke off travel demand and put an end to fare increases. Data from Fare Compare.com, which
      378 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.61 0.37 3.14 0.83 2.28 1.25 0.06
        106 words
      • Article
        Lock icon KLSE
        35 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.78 8.20 8.40 3.66 3.02 0.16 0.11 unch unch 0.50 -0.02 0.02 -0.01 -0.02 3: 13; 47' 681 2( 391
        35 words
      • Article
        Lock icon BANGKOK
        12 19 '00 'recious Ship Regional Cont .21.00 .16.00 unch -0.70 39! 144;
        12 words
      • Article
        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont .39.55 ...1.94 1.55 0.07 1231 681
        11 words
      • Article
        Lock icon PHILIPPINES
        22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 3unch unch unch 0.10 0.50 unch unch 111! 75: i i
        22 words
      • Article
        Lock icon TAIPEI
        19 19 Evergreen Marine ...22.00 :irst Steamship 59.00 /Van Hai Lines 20.25 t'ang Ming Marine...18.50 -0.60 2.60 0.15 -0.40 1'
        19 words
      • Article
        Lock icon TOKYO
        39 19 '000 (awasaki Hvy Ind ..276.00 Cawasaki Kisen 965.00 Mitsubishi Hvy 486.00 Mitsui Eng&Sbldg...318.00 Mitsui Osk Lines ...1422.00 Mippon Express 477.00 MipponYusen 967.00 iource: Reuters 9.00 ***** 9.00 6081 4.00 ***** 4.00 ***** 8.00 9217 -4.00 3598 5.00 6177
        39 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      164 19 V^\IIDC A few ssc anys NOW! Aft! J BUT DDTHZnC TH<6T SHE &-MTT H*nffG^E.'< Lm^l «^i- n J RESULTS Tune in to the New Morning Show. '"-It =1= J Jg (IN ENGLISH AND CHINESE) Shake Bake with Suz and Sheikh. j/wm&M? Monday to Friday, 6AM -10AM. /O 4k german girl
      164 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Time for inflation-linked bonds
      487 20 AFTER around two decades of disinflation, inflation is suddenly back. The sharp spike in energy and food prices has hit Asia hard and has taken a painful toll on equity markets. Yet, even as investors cast around for assets that can keep pace or beat the
      487 words
    • Article, Illustration
      Lock icon A summit on common goals at separate tables
      985 20  -  ANTHONY ROWLEY All nations must get invites to rule-making process for everyone to play the game right A VISITOR from outer space (we will not say from Mars where it seems that only asparagus survives) who happened to arrive in northern Japan's
      AFP  -  985 words
    • Article, Illustration
      Lock icon Time to get real about victory in Afghanistan
      752 20  -  LEON HADAR THE BOTTOM LINE WHILE a large number of Americans, including the two major presidential candidates, are continuing to debate the wisdom behind the US decision to go to war in Iraq, they continue to regard the other military campaign the
      752 words
    • Article, Illustration
      Lock icon China's looming slowdown
      1330 21  -  EDWARD CHANCELLOR Its manufacturing juggernaut has been weakened by exertion and may well be on the verge of a serious collapse By THE Chinese economy has been sprinting towards the Olympics at a blistering pace. But what happens when this summer's games draw to a close? Most
      AFP  -  1,330 words
    • Article, Illustration
      Lock icon Inflation? Bring it on, says Fukuoka governor
      873 21  -  WILLIAM PESEK JR AS CENTRAL bankers lose sleep over inflation, one Japanese politician has a decidedly contrarian take on things: Bring it on. "Inflation is inevitable and we should accept it and welcome it," says Wataru Aso, governor of Fukuoka Prefecture in western
      AFP  -  873 words
    • Article
      Lock icon Shift to int'l rules ups global standards
      469 21 LETTER TO THE EDITOR WE refer to the article "SEC to propose shift to international accounting rules" (BT, July 7). The move by the Securities and Exchange Commission (SEC) to shift to international accounting rules is welcome, given that more than 100 countries
      469 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6738 22 Transaction date: Jul 9 52-wks Tel |h Low Code Last Sale Vol ('000) Hi i Day Last Quote Div GrYld Net )h Low Buyer Seller C'vr P/E M Cap $mil Hi! Com[ >anj 5716 1st Software 21 5 6 5 3148 STelecom 110 100 6389 ABF SG Bond
      6,738 words
    • Article
      Lock icon SGX XTRANET
      77 22 f»k Tel Low Code Last Sale Vol COOO) iy Last (uote Seller Div C'vr Net P/E Cap imil _Hm Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 288
      77 words
    • Article
      Lock icon SGX CATALIST
      1926 22 52-Wk Tel High Low Code Last Sale Vol COOP] Day Last Quote Div GrYld Net MCap Low Buyer Seller C'l/r P/E Smil Comi Hii 20 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 32 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19 3518 s
      1,926 words
    • Article
      Lock icon CLOB INTERNATIONAL
      215 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      215 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      49 22 M fl Ill^^BnHQl THE EDWARD PIGUET WATCH Le maltre de I'horlogerie depuis 1875 '^^pSi^ lit IHI THE WATCH OF YOUR LIFE IM^5 M VUUJ Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED Ut^ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      49 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jill 8 World Index Preliminary 943.6 -0.9 -16.6 -0.9 -19.3 -0.9 -14.1 EAFE Preliminai 895.0 -1.7 -20.1 -1.6 -20.6 -1.6 -16.3 Euroi Prelim inan 1209.9
      369 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 23 As at 9am Jul 9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2910 1.3070 .an dollar 1.3300 1.3460 Euro 2.1220 2.1480 NZ dollar 1.0170 1.0400 iterlini ind 2.6680 2.7000 US dollar 1.3550 1.3710 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      154 23 Jul 9 Xterniqht 3/8 -month 15/16 -months 1 1/16 l-months 1 5/32 Overnight mode: 3/8 IS$ Offer 1/4 13/16 15/16 1 1/32 BJd 1 days I month I months months d months months I I. (All 2.55 2.65 2.85 2.95 3.20 3.35 3.50 Offer 2.45 2.55 2.75 2.85
      154 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 23 Jul9 STI SIMSCI Jul 355.2 357.5 356.5 Taiwan Jul 271.2 274.4 268.2 Source: MF Global (S) He. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jul 9 SS Bid Offer 1-month 1.3610 1.3627 2-months 1.3592 1.3609 3-months 1.3573 1.3590 6-months 1.3520 1.3538 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      151 23 Jul 9 Zurrencies Bid Offer Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2950 1.2970 0.9500 0.9504 Canadian dollar 1.3391 1.3411 0.9823 0.9827 iuro 2.1374 2.1403 1.5679 1.5683 IZ dollar 1.0264 1.0280 0.7529 0.7533 jterlini ind 2.6840 2.6875 1.9689 1.9693 IS dollar 1.3632 1.3647
      151 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      360 23 Jul 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO8 DecO8 MarO9 JunO9 97.075 96:665 0 0 ***** m 3306 EUROYEN FUTURES SepO8 99.145 99.145 DecO8 99.100 99.105B MarO9 99.030 99.040B JunO9 98.945 98.945 SepO9 98.850 98.855B DecO9 Mar10 Jun10 99.140 99.095A 99.010A 98.905 98.850 99.140
      360 words
    • Article
      Lock icon SICOM FUTURES
      292 23 Jul 9 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Aug 08 Sep 08 Oct08 Nov 08 Dec 08 Jan/Mar 09 435.25 431.75 429.25 430.00 429.75 430.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open
      292 words
    • Article
      Lock icon CHICAGO BOT
      102 23 JuSS SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1561.00 1589.00 1577.00 1520.00 Aug 08 1549.00 1579.00 1563.00 1510.00 Sep 08 1538.00 1567.25 1553.00 1500.00 Nov 08 1529.50 1561.00 1548.00 1483.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 63.38 64.89 63.80 62.75
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS JulB CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 136.73 -4.72 WTI (Near Mth) 135.89 -5.78 Dubai (1-Mth F) 136.94 -1.79 Tapis blend 149.1 -1.15 Minas 146.1 -1.2 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 132.32 172.20 -2.13 -2.3 US$/barrel US! Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      449 23 Jul 9 iuro 'en (on 'eso lam 'ouni Australia 0.967 6.521 0.606 7.414 40.993 87.266 1.022 9.552 3.083 1.262 67.868 43.277 1.296 7.294 0.982 28.882 31.993 0.483 0.950 Canada 1.034 6.742 0.627 7.666 42.387 90.234 1.057 9.877 3.188 1.305 70.176 44.748 1.340 7.542 1.015 29.864 33.081 0.499
      449 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Jul 9 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****S 09.10.08 1-Year BY*****N 04.05.09 0.42 0.73 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • Article
      Lock icon PRECIOUS METALS
      135 23 Jul 9 GOLD (USS/oz) Jul 08 Jul 09 Hong Kong London 929.60 921.40 930.60 922.40 Jul 07 Jul 08 921.70 914.40 922.70 915.40 Source: Reuters CAST BAR (S$) Jul 09 Buying Sellinc Kilobar "43,291.13" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      135 words
    • Article
      Lock icon SIBOR
      77 23 Jul 9 (US$) (SS) 2.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 3.***** 3.***** 3.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 3.*****
      77 words
    • Article
      Lock icon PALM OIL
      60 23 Jul9 Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low Jul 08 3435 Aug 08 3440 Sep 08 3470 Oct 08 3495 Total o/p: ***** contracts 3480 3484 3420 3505 3506 3422 3515 3521 3439 3530 3530 3451 Turnover: ***** Market tone: Higher
      60 words
    • Article
      Lock icon LONDON METALS
      70 23 JulB\ iri iiuiii, yy.i (USS/tonne) Co Close Previous Cash 3095.80 3259.20 3 months 3145.00 3308.00 Copper, Grade A (US$/tonne) Cash 3 months 8365.00 8200.00 8587.00 8412.00 Lead (US$/tonne) Cash 3 months 1617.00 1630.00 1609.20 1630.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      79 23 Jul 8 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1619 1597 1623/1595 SepO8 1564 1542 1568/1533 Dec 08 1549 1530 1552/1519 Mar 09 1527 1503 1531/1495 COFFEE (US$/tonne) Close Pev High/Low Jul 08 2361 2368 2378/2310 SepO8 2302 2316 2324/2250 Nov08 2258 2269 2270/2215 Jan 09 2207 2211
      79 words
    • Article
      Lock icon BONDS & WARRANTS
      3934 23 BONDS WARRANTS Fel lode Company Pel Last Vol Code Company Sale +or- ('000) I 10SS Advance Modules Grp W*****3 6 >036 Advance SCT Ltd W*****9 3 ArianeCorp Ltd W*****9 0.5 unch 600 )092 Asia Environment W*****4 16 1481 Asia Water Tech Ltd W*****0 18.5 5816 Asiasons Capital Ltd W*****7 7
      3,934 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      3236 24 m The Business Times Shipping Times —A P^^np^H jiflESjEfflESEf^-IES ffiHHH WAN HAI INTERNATIONAL PTE LTD crnO:N69S92oooo/r t^^ P m ■B^^^^j HJjjjii YAMS WAN HAI INF^ CustomcrService/Bookings Dirert Lira-(1800) *****200 .A. A M t.*l^"f» JjigJJSJ ffiSflyEeE33! BESSSiI I V _*****1 l llfll hlllhv PKL TEL: <03) *****883 FAX: <03) *****283 PEN
      3,236 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      3969 25 ;j£ AUSTRAL ASIA LINE hh p r^^ I C^ -£tl£ C///H I—' ASIA AUSTRALIA SERVICE J"-/'tai (,'iihmm 1(1 Si-uHiuK fu r ,l H Wp< _E9| -Ml MM HM ■ESB^^^^^Hl^^^^EE^^^BJ^^^d^^^Kli^^^El^^^E!^^ IL___L______l WEEKLY EXPRESS SAILING SCHEDULE cape MORiTON 08A8 [7/07 24/07 27/07 07/ os woj M/oj woj I BhMI! kin!nTnnni7!B3ninTniivnni7inn7innTniiininniiTTi!nii I CAPE
      3,969 words
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  • BizIT
    • Article, Illustration
      Lock icon Taiwan's Lite-On opens regional HQ in S'pore
      616 26 Top opto-electronics supplier plans to invest $20 million in its new operations over five years and triple its headcount to 90 within four years, reports ONG BOON KIAT LITE-ON Technology, one of the world's major suppliers of LED products, has established its regional
      616 words
    • Article, Illustration
      Lock icon Governance top concern for S'pore IT managers
      908 26  -  AMIT ROY CHOUDHURY Business continuity not high on list of priorities: survey By CONFIRMING the fact that Singapore-based companies place a great deal of emphasis on strong IT governance, a just concluded survey shows that IT services management is the top concern of
      908 words
    • Article
      Lock icon DBS steps up fight against financial crimes
      381 26  -  ONG BOON KIAT By UPPING its ante against financial fraudsters, DBS is deploying a high-tech financial crime surveillance system. Developed by financial security specialist Actimize, the system will be rolled out by the Singapore subsidiary of IT services giant Unisys Corp across DBS's
      381 words
    • Article, Illustration
      Lock icon Sun shuffles Asia-Pac management deck
      222 26  -  WINSTON CHAI By IT giant Sun Microsystems has appointed Gan Boon San as its new Asia South president. The advancement comes one year after Mr Gan was made chief of operations for Sun Asia South, covering 14 countries. At that time, he was also concurrently
      222 words
  • Page 26 Miscellaneous
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  • PROPERTY
    • Article
      Lock icon Chinese developers may win relief from falling prices: ING
      530 27 Bloomberg Home prices rose 9.2 per cent in May, the slowest in eight months [HONG KONG] Real estate developers in China may win relief from a shift in government policy towards stabilising property prices instead of depressing them, according to an
      – Bloomberg  -  530 words
    • Article, Illustration
      Lock icon Property demand strong in London's West End: report
      585 27 Reuters [LONDON] Demand for space in the world's most expensive office location, London's West End, remained strong in the three months to end-June, even as takeup in the nearby City financial district sank, a report said yesterday. Property services firm Knight Frank
      Reuters; BLOOMBERG  -  585 words
    • Article, Illustration
      Lock icon Hang Lung's China revenue to surpass HK's
      407 27 -Bloomberg [TOKYO] Hang Lung Properties Ltd, Hong Kong's fourth-largest developer by market value, said rental income from China will surpass that from Hong Kong in three years as it invests in retail projects. The company has bought eight of 18 sites it had
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      Lock icon Chrysler Building bought by Abu Dhabi sovereign fund
      512 28 Bloomberg M-E investors are most active buyers of commercial real estate in the US [NEW YORK] New York's Chrysler Building, once the world's tallest skyscraper, was acquired yesterday by the Abu Dhabi Investment Council, a Middle Eastern sovereign wealth fund, for an
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      541 29  -  ARTHUR SIM Residential sector continued to soften, contributing 13% to the total By PROPERTY investment sales in Q2 2008 saw a significant decline due to increasing cautiousness from investors and tightening of credit. In a report, DTZ Research also noted
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      646 29 AFTER 13 years in the making, the collective sale of Goldhill Centre a threestorey walk-up building of shop and office units next to Goldhill Plaza and United Square in the Novena area has finally been put up for tender. The asking price is $315 million,
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      Lock icon Dubai property prices may fall when projects are completed
      173 29 Bloomberg [DUBAI] There will be an oversupply of Dubai property leading to a fall in prices if current planned projects are delivered on time, Fitch Ratings Ltd said. There is a "prospect of oversupply if current delivery plans are met, and
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  • PRIME OF HEALTH
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      Lock icon Sports medicine is for everyone
      1116 30 It can restore even non-sportsmen back to fighting fit condition, reports CLARISSA TAN FASTER, higher, stronger that's what most of us want to be. Sure, the Olympic athletes heading for Beijing this summer will be the fastest, highest and strongest in the world, but it
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      176 30 This is the fourth of a 12-part series brought to you by NOVENA Medical Center NOVENA Medical Center Singapore's Most Modern Medical Centre Has Arrived. b^^"- Designed to offer the best healthcare experience in the region, Novena Medical Center is laid out for easy navigation. Interlinked medical suites, laboratory and
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      181 31 8 *****1 *****4 A NEW EXCHANGE FOR THE NEW WORLD ECONOMIC ORDER 1. Singapore Mercantile Exchange Where the world will trade Markets are the true barometers of any Board Advisory Board economy, and the driving forces Mr. Ang Swee Tian: Chairman for their growth. SMX will boost the Former President,
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      31 32 ADVANTAGE SMX Price Discovery Price Benchmarking Hedging Transparency Risk Management Single Window for Diversified Basket of Products Time Zone Convenience Multiple Connectivity Options Singapore Mercantile Exchange Where the world will trade
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