The Business Times, 23 August 2008

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Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    26 1 weekend THE BUSINESS TIMES SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 August 23 24,2008 online at http://www.businesstimes.com.sg I
    26 words
  • Article
    Lock icon Engines purr for budget-conscious F1 fans
    494 1  -  NISHA RAMCHANDANI By [SINGAPORE] The historic Formula One night race in Singapore next month is drawing a strong turnout from budget-conscious travellers if bookings at backpacker inns and hostels are anything to go by. While such establishments may not be on a par with
    494 words
  • Article, Illustration
    Lock icon LIGHTNING STRIKES THRICE
    47 1 [BEIJING] Usain Bolt (left) andAsafa Powell savouring the moment after winning gold in the men's 4xloo metre sprint relay at the Olympics yesterday. With the feat, the Jamaican speed king completes a golden treble that breaks three world records. Full report, Page 14 AP
    AP  -  47 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      42 1 :rn lam 1COMP 1,085.60 +14.17 IIKKEI225 12,666.04 -86.17 IANG SENG Closed ;et index 681.93 +5.40 IAKARTACOMP 2,120.49 +32.24 1ANILA COMP 2,653.18 -3.74 ;eoulcomp 1,496.91 -15.68 ;henzhenb 376.11 -3.55 IUMBAI IND 14,401.49 +157.76 NOON EDT Change )OW 11,581.82 +151.61 IAS DAI 2,402.42
      42 words
    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.906 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.87 INDIA 13.75 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.408 (US$/S$ per 1.868 2.631 iURO (US$/S$/E) 1.486 2.092 'EN 109.10 77.50 3.346 2.376 IK$ 7.807 5.545 !AHT 33.94 24.10 lUPIAH 9,145 6,495 lENMINBI 6.832 4.852 INDIAN RUPEE 43.41 30.83 1.142 0.811
      37 words
  • Article, Illustration
    Lock icon Financial storm is still blowing: Bernanke
    613 1 AFP, Reuters Fed working on three fronts to maintain economic stability, says US central bank chief [WASHINGTON] US Federal Reserve chairman Ben Bernanke said yesterday the financial storm that began last year "has not yet subsided", creating "one of the most challenging" economic environments
    ■ AFP, Reuters; AP  -  613 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      30 1 i^&^^^^ZSjiV motoring shopping BE inspired i chemistry right 2± Jurgen Hambrecht, chairman of BASF, on what it's like to steer the world's biggest chemicals company £fk *-A i v 7
      30 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon iPhone, therefore I queue
      572 2  -  WINSTON CHAI By [SINGAPORE] Singapore may have missed out on its second piece of table tennis silverware in the Olympics but Singaporeans still appear to be going for the gold when it comes to demonstrating their passion for cutting-edge gizmos. Matching the fervour of their overseas
      572 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Capita Land to gain $313m from China assets
        74 2 PROPERTY giant Capita Land will realise a portfolio gain of $313 million from injecting four Raffles City assets in China into its 50 per cent owned Raffles City China Fund. The amount comprises a $183 million net gain from the dilution of
        74 words
      • Article
        Lock icon SIAS: Eng Wah asset sales needs more transparency
        72 2 SINGAPORE'S retail investor watchdog yesterday called on Eng Wah Organisation to be more transparent in the proposed asset sales arising from a reverse takeover deal. The Securities Investors Association of Singapore said the sale process has highlighted a potential conflict of interest
        72 words
      • Article
        Lock icon Asean lawmakers discuss wide range of issues
        67 2 FOOD security, poverty, education and climate change were just a handful of the many issues discussed at length by Asean's legislators at their three-day annual meeting in Singapore, which ended yesterday. The spotlight was also on women and their participation in politics, with
        67 words
      • Article
        Lock icon Limit tin mining but do it slowly: Indonesia official
        72 2 TIN production in Indonesia needs to be limited via regulations to protect the environment, but this needs to be done gradually to protect jobs, said the governor of the country's main tin producing area. Tin exports from Indonesia have been slowing
        72 words
      • Article
        Lock icon China a net food importer in cash terms now
        59 2 CHINA became a net food importer in cash terms in the first half of this year, as soaring food prices ate into its traditional surplus in agricultural goods. The swing into deficit largely reflects the surge in prices of commodity staples
        59 words
      • Article
        Lock icon King Bhumibol is wealthiest royal: Forbes
        69 2 WITH a fortune estimated at US$35 billion, Thailand's King Bhumibol Adulyadej is the world's richest royal sovereign, and oil-rich Sheikh Khalifa Bin Zayed Al Nahyan of Abu Dhabi is far back at No 2, Forbes magazine reported. King Bhumibol, 80, pushed to the top
        69 words
      • Article
        Lock icon Analysts' profit forecast accuracy at 16-year low
        75 2 ANALYSTS' accuracy in predicting US profits dropped to the lowest level in at least 16 years last quarter, adding to a worsening track record since regulators forced companies to stop leaking information to Wall Street. Earnings estimates matched results for 6.7 per cent
        75 words
      • Article
        Lock icon 3 major Wall Street banks settle auction-rate spats
        55 2 MERRILL Lynch Co Inc, Deutsche Bank AG and Goldman Sachs Group Inc have agreed to pay millions of dollars in fines and buy back billions of dollars in frozen, illiquid securities after US regulators reached settlements over the way the firms sold
        55 words
    • Article
      Lock icon Oil trading slowdown brings out the musical chairs
      696 2  -  I RONNIE LIM With prices slipping, even 'Wall Street refiners' are getting to be more cautious By [SINGAPORE] It's been pretty sluggish on the oil trading front in Singapore especially since crude oil prices slid by some US$35 a barrel, or almost
      696 words
    • Article, Illustration
      Lock icon Solar cell plant lights up path for the rest
      600 2  -  RONNIE LIM By [SINGAPORE] The "queen bee" is about to draw even more to the nest here. Norway's Renewable Energy Corporation (REC), which is building the world's largest solar cell plant in Singapore costing $6.3 billion, has started negotiations with some
      600 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      104 2 *****/6000 sq ft I ll Wide frontage tJ V V/"N /"**y Onlysl7Mneg I I I 1 I Bi fiH=HIMJM F 1 r*~J *****/7000 sq ft L >. (~^~J _1 Flat land, huge gdn, nice pool 1 [1111) TUC AMCC )—~i nnu int unto c I *****/6000 sq ft TUAT CITI
      104 words
  • Page 2 Miscellaneous
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Getting the chemistry right
      1824 3 Jurgen Hambrecht, chairman of the world's largest chemicals company, BASF, tells RONNIE LIM how sparks still fly for him in the laboratory and keep him going in his 30 years with the German giant CHEMICALS must surely run in his veins. Despite the heavy responsibilities which
      YEN MENG JIIN  -  1,824 words
    • Article
      Lock icon Singapore 'the right place to be in'
      673 3 SINGAPORE'S development to-date, and its strategy for the future "are outstanding", Dr Jurgen Hambrecht says when we meet, just minutes after he has had a bird's eye view of the Republic from the Singapore Flyer. "It's opening up more and more, and attracting
      673 words
    • Article
      Lock icon Raffles Hotels & Resorts
      76 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Capita Land to gain $313m from China assets
      404 4  -  KALPANA RASHIWALA It is injecting four assets into its 50% owned Raffles City China Fund By PROPERTY giant CapitaLand said yesterday that it will realise a total portfolio gain of $313 million from injecting four Raffles City assets in China as seed
      FILE PHOTO  -  404 words
    • Article
      Lock icon AIS plans to launch 3G in Bangkok in Q1 2009
      447 4 Revenue in H2 2008 likely to be lower than 8.6% rise in H1 [BANGKOK] Thailand's top mobile phone operator, Advanced Info Service pel (AIS), said yesterday that it planned to launch a third generation mobile phone service in Bangkok in
      447 words
    • Article
      Lock icon SCS halts share trading while parent mulls stake
      112 4 Reuters [SINGAPORE] Singapore Computer Systems yesterday halted trading in its shares as its biggest shareholder, Green Dot Capital, a unit of Singapore investment company Temasek Holdings, evaluates its stake. Temasek owns about 65 per cent of SCS, whose businesses include the provision
      Reuters  -  112 words
    • Article
      Lock icon GuocoLand FYOB net falls 43% to $162m
      424 4  -  UMA SHANKARI By PROPERTY developer GuocoLand's earnings for the full year ended June 30 fell 43 per cent as it saw lower sales from its property development projects in Singapore and a one-third fall in other income. Net profit attributable to equity-holders fell
      424 words
    • Article, Illustration
      Lock icon Coast is not clear yet for equities: Lehman
      444 4  -  GENEVIEVE CUA By INFLATION appears to have peaked but credit spreads are still widening, signalling that the coast is not yet clear for equities, says Paul Schulte, Lehman Brothers chief equity strategist (Asia ex-Japan). Mr Schulte said there are two major indicators
      444 words
    • Article, Illustration
      Lock icon Thank goodness for the distraction in Beijing
      551 4  -  R SIVANITHY STOCKS IT was another bad week for local stocks from banks to property to S-shares. There were fresh 52-week lows for many, 21-month lows for the Straits Times Index (STI) and no real direction coming from Wall Street, the oil markets,
      551 words
    • Article, Illustration
      Lock icon SIAS: Eng Wah asset sales need more transparency
      425 5  -  OH BOON PING Watchdog says minority shareholders see conflict of interest By SINGAPORE'S retail investor watchdog yesterday called on Eng Wah Organisation to be more transparent in the proposed asset sales arising from a reverse takeover (RTO) deal. The Securities Investors Association
      425 words
    • Article
      Lock icon Shareholders approve Bank UOB Buana delisting plan
      259 5 Reuters [JAKARTA] Shareholders of Indonesia's PT Bank UOB Buana have approved a plan to delist the bank, it said in a statement yesterday. Singapore's United Overseas Bank in June proposed to delist its 61.1-per cent-owned Indonesian lender UOB Buana and planned to buy
      Reuters  -  259 words
    • Article
      Lock icon CNA gets $10.4m Changi deal
      229 5  -  RACHEL SIM By CNA Group announced yesterday that it has been awarded a $10.4 million contract for Changi Airport Terminal 1 's upgrading initiative. The deal was awarded by Takenaka Corporation, the main contractor for the Changi Airport Terminal 1 upgrading process. The landmark deal
      229 words
    • COMPANY BRIEFS
      • Article
        Lock icon SGX CEO exercises share options
        94 5 SINGAPORE Exchange (SGX) said yesterday that its chief executive officer Hsieh Fu Hua has exercised his options for 500,000 SGX shares at $1.70 apiece. At yesterday's close of $6.24 a share, Mr Hsieh would have made paper gains of $2.27 million from the exercise. The
        94 words
      • Article
        Lock icon Keppel's Dutch unit finishes work on rig
        97 5 KEPPEL Corp yesterday said that its Dutch unit Keppel Verolme has completed its scope of work on the disputed Blackford Dolphin semi-submersible rig. The owner, Fred Olsen Energy unit Blackford Dolphin, has made the final milestone payments and the two parties have entered
        97 words
      • Article
        Lock icon Lafe buys 17.5% stake in Kimbergold Capital
        32 5 LAFE Corporation is buying a 17.5 per cent stake in Kimbergold Capital, the holding company of the Sutton Place Grande Hotels Group, for U5545.9 million.
        32 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8540 5 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.982/ AIGIF S'pore Bond Fund/ A 1.343/ APS Asset Mat Pte Ltd APS Alpha Fund!** 0.88/ APS Alpha Fund (USD)! A 0.62/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9831/ APS
      8,540 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      113 4 ZAP I ErmenegildoZegna I H 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. i bUMI^* I/ 1) Download Color Cam™ Via SMS Via Mobile
      113 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      904 6  -  CONRAD TAN Sinotel Technologies Aug 22 close: 550.175 Phillip Securities Research, Aug 22 REAPING from the consolidation: Sinotel Technologies is a wireless connectivity innovator that provides a wide range of customised wireless telecommunication applications and solutions to participants across the telecommunication value chain in China. We see the
      Bloomberg  -  904 words
    • BT SHARE INFORMATION SERVICE
      • Article
        Lock icon SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
        704 6 Trans Date Shareholder/ Director Sell Conv Shares '000 Price Per Shr$ Before C000) ICj After ('000) Stock CSC Hldgs 21-Aug-08See Yen Tarn Buy 100 0.17 1150 0.10 1250 0.11 SunrayHldgs 21-Aug-08Lo Wing Wai •Sell ***** na ***** 20.01 0 0.00 Superbowl Hldgs 21-Aug-08Teo Ho Beng Buy 200
        704 words
      • Article
        Lock icon COMPANY MEETINGS
        167 6 COMPANY MEETING PLACE DATE TIME Vita Hldgs E Hotel Re! O Pearl's Hill The Ballroom, Level 2 175AChin Swee Road Singapore *****9 25-Aug 9.30am Khong Guan A 2 MacTaggart Road (Level 3) Singapore *****8 27-Aug 12.00pm IPCOIntl A IPCO Building 24 Pandan Road Singapore *****5 29-Aug 9.00am Freight
        167 words
    • Article, Illustration
      Lock icon Europe investors go warily into consumer sector
      870 6 Reuters [LONDON/PARIS] AS COMMODITY prices fall and inflation expectations cool, brave equities investors are dipping their toes into sectors that are closer to the consumer, wary that a similar bounce in fmancials fizzled out. Travel, technology, retail and auto stocks have been the
      ■ Reuters; REUTERS  -  870 words
    • Article
      Lock icon Hedge fund managers adopt cautious stance
      380 6 Reuters [LONDON] FUNDS of hedge fund portfolios are battening down the hatches in the current volatile markets by building up cash or steering clear of strategies with too much exposure to market movements. With returns in the hedge fund industry hard to come by
      Reuters  -  380 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Asean lawmakers discuss range of issues
      395 7  -  LEE U-WEN Spotlight falls on food security, poverty, education, climate change +By FOOD security, poverty, education and climate change were just a handful of the many issues discussed at length by Asean's legislators at their three-day annual meeting in Singapore, which ended yesterday. The
      FILE PHOTO  -  395 words
    • Article
      Lock icon Hoi Hup-led group wins HDB project
      327 7  -  KALPANA RASHIWALA It will build 1,200 DBSS flats at Lor IAToa Payoh By THE Housing and Development Board yesterday awarded a Design, Build and Sell Scheme (DBSS) site at Lorong 1A Toa Payoh to a Hoi Hup Realty-led consortium that emerged as the top
      327 words
    • Article, Illustration
      Lock icon STB names new chief executive
      255 7 THE Singapore Tourism Board (STB) has appointed a new chief executive, who will take over from Jan 1. Aw Kah Peng will take over the reins from Lim Neo Chian, who will step down on Dec 31 and continue in his role as deputy chairman
      255 words
    • Article
      Lock icon Bunker supplier's licence suspended
      255 7  -  VINCENT WEE By THE Maritime Port Authority (MPA) is suspending the bunker supplier licence of Equatorial Marine Fuel Management Services for two weeks from Aug 26 for tampering with the bunker sampling container during a bunkering operation. The suspension is a clear signal that malpractices in
      255 words
    • Article
      Lock icon $20m more govt funding for industry associations
      293 7  -  DIONDI TAN Three new associations join LEAD programme By TRADE and Industry Minister Lim Hng Kiang said yesterday the government will pump another $20 million into the Local Enterprise and Association Development (LEAD) programme for local industries. The extra money will support new
      293 words
    • Article
      Lock icon Experts give AVA the thumbs-up
      217 7  -  MELISSA YEO By THE AVA's (Agri-Food Veterinary Authority of Singapore) International Advisory Committee of Experts (lAC) has concluded its fourth review of AVA's food safety and biosecurity programmes. The review, which took place on Wednesday and Thursday, found that AVA's systems continued to be among
      217 words
    • Article
      Lock icon A*Star appoints biomedical council deputy
      292 7  -  NOOR AISHA George Radda will remain head of bioimaging unit By SINGAPORE Bioimaging Consortium chairman George Radda will step up to a new leadership role in the Agency for Science, Technology and Research (A*Star) as deputy chairman of the Biomedical Sciences and Technology Group's Biomedical
      292 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      92 7 Wj\ |Ef AmWl k 1 Restaurants Lianhe Zaobao ij Florists I Operation Chief Audrey Cheong H r^^Trfffw^M Jewe"ery »^»i:|iiAn l^nr^Hl Bars BS3 A J^f I E mmmmLLJ Address: 200 Jalan Sultan Textile Centre J-ggq Sf^^^SP^l #01-19 A Singapore *****8 J^^ Mf^W^tfVf^ftt Website: www.ddflowers.com.sq 1\ Email: ddfloweriasinqnet.com.sq #I^^—^^— H EQwSiiiSSMMEiiM Directory
      92 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Limit tin mining but do it slowly: Indonesia official
      626 8 Reuters Bangka-Belitung islands governor wants jobs to be protected [PANGKALPINANG, Indonesia] Tin production in Indonesia needs to be limited via regulations to protect the environment, but this needs to be done gradually to protect jobs, said the governor of the country's
      – Reuters; AFP  -  626 words
    • Article
      Lock icon Jakarta's sukuk may exceed 5t rupiah
      327 8 Reuters [JAKARTA] Indonesia has yet to decide on the final size of its rupiah Islamic bonds, or sukuk, but it may be higher than an initial target of five trillion rupiah (***** million), a finance ministry official said. The ministry is in the process
      Reuters  -  327 words
    • Article
      Lock icon M'sia July inflation hits 8.5%, beating forecasts
      249 8 Reuters [KUALA LUMPUR] Malaysian annual inflation soared to 8.5 per cent last month, way above analyst forecasts for 7.8 per cent in a Reuters poll, and sharply up from 7.7 per cent in June. The July data was the steepest rise since 8.5
      Reuters  -  249 words
    • Article
      Lock icon Investors look past politics & find value: Macquarie
      196 8 Investors look past politics find value: Macquarie Bloomberg [KUALA LUMPUR] Digi.Com Bhd and TM International Bhd are among Malaysian stocks recommended by Macquarie Group Ltd as good valuations outweighing political concerns. "Investors are finally beginning to look past politics and shifting their focus back to fundamentals and finding value in
      Bloomberg  -  196 words
    • Article
      Lock icon BURSA MALAYSIA
      2197 8 lug 22 RM C000] ASM Realty 0.45 \bric Bhd 0.17 advance Synergy 0.10 Adventa Bhd 0.92 Ae Multi Hldgs 0.26 Win Holdings 1.85 Ahmad Zaki Resou 0.72 AicCorp 0.50 Airasia Bhd 1.08 Akn Technology 0.39 alliance Financi 2.67 aluminium Co 1.00 Amalgamated Ind 0.46 Ammb Hldgs Bhd 2.98
      2,197 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      77 8 D SCOVER tune in to YOURSELF! (INENGUSH) MAROON 5 With just a birth date, BIGGEST HITS *™>^ Character Suitable careers Lucky colours OF THE 90S 1900-914-0002 OHOEUS BBOWN Callsatso.2l4cents/min (inclusive of GST) TILL NOW! ONLY_ON iV J RADDO ***** PURE FUH PB H *4f liM CallersbelowlByearsofagemustgetparentalconsent. tfl p^ E) n|
      77 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China a net food importer in cash terms now
      682 9 Reuters Soaring H2 food prices eat into its traditional surplus in agricultural goods [GENEVA] China became a net food importer in cash terms in the first half of this year, as soaring food prices ate into its traditional surplus in agricultural
      Reuters; REUTERS  -  682 words
    • Article
      Lock icon Tax revenue growth suffers sharp slowdown in July
      166 9 Reuters [BEIJING] China's tax revenue rose 13.8 per cent in July from a year earlier, well down on the growth rate of the first half of 2008, Xinhua news agency reported, citing the Ministry of Finance. The tax take in the first
      Reuters  -  166 words
    • Article
      Lock icon China plans new share sale system: report
      284 9 Reuters [SHANGHAI] Chinese securities regulators, seeking to support the stock market, plan to introduce a new system for sales of shares made tradable by the expiry of lock-up periods, the 21st Century Business Herald reported yesterday. Institutions would be permitted to issue exchangeable
      – Reuters  -  284 words
    • Article, Illustration
      Lock icon Oil demand growth hits 2-year high
      270 9 Reuters [BEIJING] China's oil demand growth hit a two-year high in July but the pre-Olympic spurt will likely fall off in the autumn, undermined by high prices, global economic woes and the end of official pressure to stockpile for the Games. Implied consumption rocketed
      Reuters; REUTERS  -  270 words
    • Article
      Lock icon China may reform VAT regime to boost economy: think-tank
      701 9 Reuters Govt actively working on plan to effect changes soon [BEIJING] Rummaging through its policy toolkit, China is finally on the verge of an overhaul of its valued-added tax (VAT) system that will give its softening economy a boost by encouraging
      ■ Reuters  -  701 words
    • Article
      Lock icon Consumer price drop might be temporary: economist
      207 9 Reuters [BEIJING] The recent fall in China's consumer inflation might not last long as serious pipeline price pressures are still building up, a government economist said in remarks published yesterday. Annual growth in China's consumer inflation ebbed to 6.3 per cent in the
      Reuters  -  207 words
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  • INDIA
    • Article
      Lock icon Low cost Internet phone beckons
      550 10 Mobile players who paid high entry fees object while ISPs do not have to cough up any money [NEW DELHI] Battle lines are being drawn after India's telecoms regulator called for full-blown telephone services via the Internet, paving the way for another fall in the
      550 words
    • Article, Illustration
      Lock icon Judge to battling Ambanis: Ask mum to settle dispute
      388 10 -AFP [MUMBAI] An Indian judge has told India's billionaire Ambani brothers to get their mother to settle their latest fight over natural gas supplies, telling them it is in the "national interest", a report said yesterday. The two brothers, listed by
      -AFP; AFP  -  388 words
    • Article
      Lock icon SGX MAINBOARD
      8632 10 Transaction date: Aug 22 !-wks Tel Low Code Last Sale V lay Low Bi .as1 Quote Seller Div C'vr Net P/E I Cap Hii Coi Hii S716 1st Software 16 S.S 3148 STelecom 21.S 6.S S834 A-Sonic 110 100 6389 ABFSGBondETF 24 10.S 1938 AEICorp 20.S 4.S 1100
      8,632 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon King Bhumibol is wealthiest royal: Forbes
      580 11 -AFP Thai monarch's fortune is estimated at USs3sb; UAE's Sheik Khalifa is 2nd on list with net worth of USs23b [NEW YORK] With a fortune estimated at US$35 billion, Thailand's King Bhumibol Adulyadej is the world's richest royal sovereign, and oil-rich Sheikh Khalifa Bin
      -AFP  -  580 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        64 11 VOLUME Golden Ai iri 36,940,000 DBS DB eCW*****7 20,133,000 Sin. jTel 1 9,844,000 Ferrochina 18,103,000 China Hon ixin 17,783,000 DBS MBL eCW*****4 16,450,000 Thai Bevera 15,050,000 UniFiber 13,910,000 ChinaNTown 13,365,000 JiutianC 11,367,000 VALUE DBS Gr| 80,930,879 Sin. jTel 68,150,990 UOB 60,192,650 S I A 53,182,950 Kej ■I
        64 words
      • Article
        Lock icon RISES
        101 11 CLOSE UP GLD 10US$ 8210 189.9 1.7 JSH 1614 36.6 1.6 Venture Con 976 26.0 2.7 CIMBAsean40 100USS 794 14.1 1.3 Cmdt' 10US$ 395 14.1 2.' StraitsAsia 271 14.0 5.4 SembMar 390 13.0 3.4 ir India Nift> 10 1408 10.0 0.7 UOB 1910 10.0 0.5 Wilmar 381 10.0 2.7
        101 words
      • Article
        Lock icon FALLS
        122 11 CLOSE DOWN CLOSE DOWN cit 998 -22.0 -2.2 East. |ateW*****1 0.5 -50.0 -0.5 DBS MBL JCW*****3 493 -22.0 -4.3 Caj italanMBLeCW***** 3 -33.3 -1.5 DBS MBUCW*****0 379 -20.0 -5.0 UOB MBL eCW*****9 2 -33.3 -1.0 Ome< laNav 2390 -20.0 -0.8 SGX DB eCW*****9 7.5 -31.8 -3.5 B Sembawan 726
        122 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        82 11 Up Down Unch 4 5 7 Up Down Unch OOP Up Down Unch 4 5 7 Multi Ind Manufacturing 65 43 56 12 70 48 68 Commerce 15 11 35 16 13 40 )t/Stor/Co trims 14 13 11 15 14 11 Finance 12 10 12 10 Construction
        82 words
      • Article
        Lock icon SECURITIES TRADING TURNOVER
        118 11 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 10,630 10,630 58,794 58,794 Manufacturini 176,537 9,861 186,398 170,396 881 171,277 Commerce 41,359 7,566 48,925 48,232 2,669 50,900 )t/Stor/Comms 59,620 432 60,052 179,455 102 179,557 Finance 24,349 24,349 210,888 210,888 Construction 30, ,349 7,977 38,326 3,124 160 3,284 Properties
        118 words
      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        35 11 Stock name Close Change CapitaLand 4.450 -0.030 rap .osco .orp irp Ian fine" Fppel .orp Fppei irp Stock name Close Change Olam 1.940 lgg ■ngg >eml .orp >eml >mg leverage 'angzijiang
        35 words
      • Article
        Lock icon BONDS & WARRANTS
        722 11 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left !878 Aztech Systems W*****6 4 0.5 50 1 51 267 3.75 23 lO14Capitaland BNP ECW*****8 7.5 -1 289 0.1 493 17 lO15Capitaland BNP ECW*****2 6 -2.5 50 0.1 593 17 Capitaland
        722 words
      • Article
        Lock icon SGX CATALIST
        643 11 52-wks Tel |h Low Code Last Sale Vol (*000) Hil Day Last Quote |h Low Buyer Seller Div GrYld Net C'vr P/E MCap Sinii Hii Com| )an] 20 11.5 1181 s AAGrp 31 15 5000 s ABRHIdgs 32 18 8538 s APStrategic 10 2 1501 s Advanced System
        643 words
      • Article
        Lock icon SGX XTRANET
        707 11 52-Wk Tel High Low Code Last Sale Vol Cooo] Day |h Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P5OO 6170 SPDP.S 398.3 278 6009
        707 words
      • Article
        Lock icon CLOB INTERNATIONAL
        790 11 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
        790 words
    • Article
      Lock icon Analysts' profit forecast accuracy at 16-yr low
      851 12 Bloomberg New SEC rules and job and pay cuts seen as possible reasons for deteriorating research quality [LOS ANGELES] Analysts' accuracy in predicting US profits dropped to the lowest level in at least 16 years last quarter, adding to a worsening track record
      Bloomberg  -  851 words
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      Lock icon Buffett, Peterson urge US to deal with US$53t debt
      840 12 AP [OMAHA, Nebraska] Two billionaires used the screening of a documentary in theatres across the United States on Thursday to urge the country to come to grips with its staggering debt load. Warren Buffett and Pete Peterson were at the premiere
      AP  -  840 words
    • Article
      Lock icon Bank of Japan sees few signs of wage-price spiral
      408 12 Bloomberg Key rate unlikely to rise from 0.5% until 2009: economists [TOKYO] Bank of Japan board members said there are few signs that rising commodity prices will prompt companies to increase wages and fan inflation, minutes show. "Many members said that
      Bloomberg  -  408 words
    • Article
      Lock icon KDB considers buying Lehman: official
      405 12 Reuters S Korean bank open to M&As to beef up weak areas [SEOUL] State-run Korea Development Bank said yesterday Lehman Brothers was one of its options for acquisitions, reviving expectations that the US investment bank might still bring in a large investor. "We are studying
      ■ Reuters  -  405 words
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      Lock icon Qantas locked on merger course: Dixon
      505 12 -AFP [SYDNEY] Australia's national airline Qantas will undoubtedly merge with another carrier in the future, the company's outgoing chief executive said yesterday. Geoff Dixon said that consolidation was already occurring within the industry as airlines struggle against falling demand and rising fuel costs, and
      -AFP  -  505 words
    • Article
      Lock icon 3 major Wall St banks settle auction-rate spats
      707 13 Reuters Securities probe not over yet; regulators set to inspect 40 firms' practices [NEW YORK] Three of Wall Street's top investment banks agreed to pay millions of dollars in fines and buy back billions of dollars in frozen, illiquid securities after US
      Reuters  -  707 words
    • Article
      Lock icon Harvard is No. 1 again; Princeton slips to No. 2
      522 13 AP, Bloomberg [RALEIGH, North Carolina] Harvard University is the oldest, wealthiest and most selective university in the United States. Now it's back on top of the US News World Report college rankings, claiming sole possession of the No. 1 spot
      AP, Bloomberg  -  522 words
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      Lock icon Ginnie Mae is biggest issuer of bonds for now
      645 13 Reuters [NEW YORK] The US government is on pace to unseat Fannie Mac and Freddie Mac as the biggest guarantors of new mortgage bonds in August as the two housing finance giants reel from losses. Ginnie Mac, the only issuer of
      Reuters; REUTERS  -  645 words
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      Lock icon Tokyo mulling extra budget to stimulate economy
      428 13 Reuters [TOKYO] The government is considering an extra budget to finance steps to support Japan's economy against the effects of higher living expenses and costs for businesses. The move underscores speculation of large-scale public spending, with the junior partner in the ruling coalition
      – Reuters  -  428 words
    • Article
      Lock icon Fannie, Freddie rescue plan could be costly for many
      382 13 It may affect scores of companies with preferred shares [WASHINGTON] A government rescue of Fannie Mac and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions of dollars in preferred shares in the mortgage
      382 words
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      Lock icon Verizon, Google close to mobile search deal: report
      207 13 Reuters [BANGALORE] US mobile service provider Verizon Communications is nearing an agreement with Google Inc on a wide-rang-ing partnership, the Wall Street Journal said, citing people familiar with the situation. The deal under discussion would make Google the default search provider on
      Reuters  -  207 words
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  • BEIJING 2008
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      Lock icon Golden treble for Bolt and double for Dibaba
      866 14 AFP, Reuters Jamaican quartet smashes 15-year-old relay world record held by US [BEIJING] Usain Bolt completed a world-record-breaking golden treble at the Beijing Olympics yesterday, as Ethiopian Tirunesh Dibaba claimed a landmark long-distance running double. Bolt, who set world records to win
      AFP, Reuters; AP  -  866 words
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      Lock icon Sport or not, it's Fun Friday here
      476 14 Reuters [BEIJING] It is difficult to take seriously a sport where one required element is a "travelling eggbeater" performed by eight synchronised women in spangled swimsuits. What on earth would Baron Pierre de Coubertin, founder of the modern Olympics, make of eight maniacs
      – Reuters; AP  -  476 words
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      Lock icon Zhang completes clean sweep by Chinese paddlers
      411 14 AFP [BEIJING] China's world number one Zhang Yining won back-to-back Olympic Games table tennis golds yesterday, defeating teammate Wang Nan and handing the hosts a clean sweep of the medals in the women's singles competition. A composed and confident Zhang fought back from
      AFP  -  411 words
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      Lock icon Medal tally
      145 14 AUG 22 China 47 17 25 89 United States 31 36 35 102 Great Britain 18 13 13 44 Russian Fed 17 18 22 57 Germany 14 9 13 36 Australia 12 14 16 42 South Korea 11 10 7 28 Japan Italy Netherlands 9 7 7 6
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      Lock icon Untitled
      106 14 'If people want to issue the blame to me that's OK. I can take whatever it is that people are going to dish out.' US sprinter Lauryn Williams on a botched baton handover that saw the women's 4xloom relay squad fail to reach the final 'I'm pretty hard headed. It
      106 words
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  • MOTORING
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      Lock icon Wind, water and a superb Spanish setting
      573 15  -  SAMUEL EE F1 WATCH An amateur fengshui master travels to Valencia to predict whether its debut F1 race will be a success By I KNOW I'm not a full-fledged geomancer yet. I know I'm only halfway through my Fengshui 101 course. But it
      REUTERS  -  573 words
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      Lock icon German pocket rocket
      641 15 SAMUEL EE finds Opel's stylish three-door hatch, the Corsa OPC, a scorcher despite its small size HOT hatches come in many sizes and varying temperatures, with many not as spicy as advertised. But if you're looking for something small and sporty, a good bet is the Opel
      641 words
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      Lock icon Aston Martin raises profile with Asia races
      812 15  -  GEOFFREY EU By EVEN if you can't tell a carburettor from a crankshaft, it cannot have escaped your attention that Singapore is gearing up to host its Formula One race next month the first Grand Prix event here since September 1973. However, most
      812 words
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  • GOLF
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      Lock icon More women now in golf biz
      1422 16 Five of them tell JUSTINE MOSS what led them to enter an industry that's been dominated by men for a long time GOLF is a sport in which a woman was one of the earliest players Mary Queen of Scots reputedly played regularly circa
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      664 16 Wine&dine with weekendßT Meritus Mandarin Singapore Troisgros in Roanne and Le Jardin des Sens in Dinner: Sunday to Wednesday: $49.50++ per person "live" music available on Saturdays, Sundays and Public T ao/an n jm Montpellier, this former right-hand man to the Michelin and Thursday to Saturday: $62++per person Holidays at
      664 words
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  • WELLNESS
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      Lock icon Doctors te cancer patients: hit the gym
      825 17 ■NYT Those who exercise have less fatigue, greater strength and better aerobic capacity [NEW YORK] AS THE group of women trickled into the aerobics studio, there were subtle signs that this was no ordinary fitness class. One woman told the instructor that she
      ■NYT; FILE PHOTO  -  825 words
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      Lock icon Doubts over 2 cervical cancer vaccines raised
      754 17 ■NYT [NEW YORK] Two vaccines against cervical cancer are being widely used without sufficient evidence about whether they are worth their high cost or even whether they will effectively stop women from getting the disease, two articles in this week's New England Journal
      ■NYT; BLOOMBERG  -  754 words
    • Article
      Lock icon 'Good' fat may become newest weapon for fighting obesity
      538 17 Reuters [LONDON] A new understanding of the origins of brown fat cells the "good" kind of fat that burns energy and keeps us warm may lead to new treatments for obesity, two research teams have reported. Researchers at the Dana-Farber Cancer
      ■ Reuters  -  538 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      226 17 CRYPTIC CROSSWORD ACROSS (6) I^^H I^^B l^^H l^^H l^^H I^^H l^H I f.i, 1,,, hint (4) iHHHj IHI HI |^u^H|B| Hi 18 Turned, we hear, a little nas- 27 I I i 25 Theatrical crowd (4) 26 Clinton with age turning natural (10) 5 Wrong motorway's driven 24 Call for
      226 words
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  • SHOPPING
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      Lock icon 'Pioneer of design' watches
      620 18 Singapore has made a name for itself as a luxury watch hub, thanks to established retailers who distribute haute horology. But there's also a growing number of independent purveyors out there bringing in niche, designer timepieces including designed-in-Singapore Swiss watches that BT Weekend feels are worth
      620 words
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      Lock icon Rugged Russian beauties at reasonable rates
      486 18  -  CHEAH UI-HOON By Red Army Watches Millenia Walk/Wisma Atria/ Republic Plaza THERE can be quality mechanical timepieces that don't have to cost a hefty percentage of your annual salary. That's what Sugiharto Kusumadi heartily believes. That's the premise for Red Army Watches, when he
      YEN MENG JIIN  -  486 words
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      Lock icon Avant garde, mechanical, and yet affordable
      498 18  -  CHEAH UI-HOON By Montres Azimuth 1 Raffles Place OUB Centre #04-22. Tel: 6557 0057 WHO would have figured five years ago that two Singaporeans could successfully design and distribute Swiss-made watches to more than 20 countries and create something like a cult watch brand?
      YEN MENG JIIN  -  498 words
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      Lock icon Unique bejewelled timepieces to match your outfits
      401 18  -  CHEAH UI-HOON By Mouawad Fullerton Hotel, 1 Fullerton Square #01-07. For private viewings, call: 6536 0020 SO you want a bit of bling along with your timepiece, but where else could you look for them except at established watch retailers which might carry
      401 words
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  • PERSONAL SPACE
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      Lock icon There's no place like home
      1022 19 Susan Tay finds it blissful living in her spacious 'oasis in the middle of the city' filled with all her bric-a-brac, writes GEOFFREY EU THERE'S a vague sense of disconnect from the realities of modernday life when you step into lawyer Susan Tay's colonial-era black-and-white
      PHOTOS: ARTHUR LEE  -  1,022 words
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  • Article, Illustration
    Lock icon Rich, intense, sublime one-off creations
    817 20  -  Geoffrey Eu Avant-garde chefs may reign in Spain and elsewhere with their creative takes on modern gastronomy, but while innovative cuisine has been slower to take off in tradition-minded Singapore, a recent influx of chefs with impeccable pedigrees and a desire to stretch menu boundaries
    817 words
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    Lock icon Melting pot of experiences
    623 20  -  Audrey Phoon Ulpho van der Zalm Supperclub SUPPERCLUB executive chef Ulpho van der Zalm is "a bit fed-up" with his countrymen. "They want to get off work at 5.30 pm, eat at 6 and reach home by 7 to watch TV. They don't know how to
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  • Article, Illustration
    Lock icon Creating cakes as light as styrofoam
    394 20  -  Geoffrey Eu Stefano Deuiri DeSte WHEN pastry chef Stefano Deuiri says he makes a cake that can travel well, he means it he even named it Travel Cake. The next time you need to take a cake with you on a, say, six-hour car
    394 words
  • Page 20 Miscellaneous