The Business Times, 30 August 2008

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Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 The Business Times! SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 198/08/2008 August 30 31,2008 online at http://www.businesstimes.com.sg I
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  • Article
    Lock icon A new look for our weekend edition from next week
    557 1  -  ALVIN TAY, BT EDITOR This will be the last edition of The Business Times Weekend to appear in this broadsheet format. From next Saturday, we will publish The Business Times Weekend in a compact size, with each page exactly half
    557 words
  • Article
    Lock icon Abdullah turns on the spending tap
    817 1  -  S JAYASANKARAN Mr Abdullah, delivering Malaysia's budget packed with goodies for lower income groups; largesse for Sabah, Sarawak By in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Ahmad Badawi unveiled an expansionary, and pointedly populist, budget yesterday that was short of revenue enhancing measures but
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 1 COMP 1,100.50 +30.04 IIKKEI225 13,072.87 +304.62 1ANG SENG 21,261.89 +289.60 ;et index 684.44 +1.61 JAKARTA COMP 2,165.94 +21.10 1ANILAC0MP 2,688.09 +32.34 ;eoulcomp 1,474.24 +0.09 iHENZHEN B 384.42 +9.40 IUMBAI IND 14,564.53 +516.19 12N00N EDT Cham )OW 11,595.17 -120.01 IASDAQ 2,366.50 -45.14
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.72 HONG KONG 5.25 INDONESIA 15.827 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.72 INDIA 13.75 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.416 (US$/S$ per 1.828 2.588 iURO (US$/S$/E) 1.474 2.087 'EN 108.80 76.80 3.393 2.397 IK$ 7.807 5.515 !AHT 34.18 24.14 lUPIAH 9,153 6,466 lENMINBI 6.841 4.833 INDIAN RUPEE 43.80 30.94 1.157 0.817
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      114 1 Jill Strategically located at One Orchard Boulevard, Camden Medical Centre is just minutes from Gleneagles Hospital, Mount Elizabeth Hospital and luxury hotels such as The Regent Singapore and Four Seasons Hotel Singapore. Designed by Pritzker Prize Laureate Richard Meier whose works include the Getty Museum in Los Angeles, this 1
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  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article
      Lock icon Who's who headed for F1 charity lunch
      575 2  -  SAMUEL EE Guests may include F1 drivers and Miss Universe By [SINGAPORE] Royalty, Hollywood celebrities, international sports stars, a reigning Miss Universe and, of course, some very well-paid Formula One drivers could be among those attending an uncharacteristic Fl charity lunch at the
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    • Article
      Lock icon Firms turn in dismal Q4 results
      808 2  -  OH BOON PING By Combined profits of 46 firms fall 42%; sizeable number with lower earnings [SINGAPORE] Singa-pore-listed companies turned in a dismal fourth-quarter performance, which saw a number of them reporting sharply lower profits from a year ago. As at 5.30pm yesterday, a
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    • THREE-MINUTE DIGEST
      • Article
        Lock icon Abdullah turns on the spending tap
        58 2 MALAYSIAN Prime Minister Abdullah Ahmad Badawi unveiled an expansionary budget yesterday that was short of revenue measures but full of carrots for the lower middle class and included personal income tax cuts for the very wealthy. He also warned that he would not permit
        58 words
      • Article
        Lock icon Firms see profits slide in bleak Q4
        51 2 SINGAPORE-listed companies with financial year ended June 30, 2008 have posted a big drop in four-quarter profits. As at 5.30 pm yesterday, 46 companies have reported combined net profits of $478.8 million down 42.2 per cent from a year ago. TOP STORIES, PAGE
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      • Article
        Lock icon Market cap falls to 20-month low in August
        68 2 THE Singapore market sell-off has resulted in a sharp $237.8 billion or 28 per cent drop in market capitalisation from its October 2007 peak of about $847.5 billion. This came after the month of August saw a further 7.3 per cent fall
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      • Article
        Lock icon Chuan Soon Huat gives update on financial plan
        59 2 BELEAGUERED furniture firm Chuan Soon Huat Industrial Group (CSH) yesterday gave an update on plans to improve its financial situation. To boost revenue, CSH will introduce new products with higher value-add components and increase sales in Asia. It is exploring new funding
        59 words
      • Article
        Lock icon CME, Nymex merger to boost Asia growth
        68 2 THE recently completed acquisition of US commodity exchange Nymex by CME Group will give the combined firm a much bigger product base to develop its business in Asia. George Ng, senior director of Asia marketing for Nymex, said that it would focus on
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      • Article
        Lock icon Malaysia sees FYO9 budget deficit of 3.6%
        67 2 MALAYSIA expects a budget deficit of 3.6 per cent for the fiscal year 2008-09, a drop from the revised forecast of 4.8 per cent for FYOB but well above 3.2 per cent for FYO7. The revised figure follows extra spending on top of
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      • Article
        Lock icon Japan gets a populist 11.7t yen stimulus
        59 2 TOKYO yesterday announced an economic stimulus package worth 11.7 trillion yen (*****.3 billion), mainly to help people who have been hardest hit by soaring prices. The package is aimed at securing support for the ruling government in the light of what could be
        59 words
      • Article
        Lock icon Protests force closure of three Thai airports
        50 2 ANTI-government protests forced Thai authorities to close three airports yesterday, stranding travellers at popular tourist destinations in the south of the country. Protesters invaded the runways at tourist-packed Phuket International Airport and rallies also hit Hat Yai and Krabi airports. ASIA-PACIFIC/WORLD, PAGE 15
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    • Article
      Lock icon Rates tweaked slightly in dull market
      609 2  -  KALPANA RASHIWALA DEVELOPMENT CHARGE Bigger cuts in store if stronger evidence of falling property values emerges By [SINGAPORE] Despite weaker property sentiment, the government has opted to leave development charge (DC) rates largely unchanged, except for an average 6.3 per cent cut for non-landed
      609 words
    • Article
      Lock icon Downward adjustment
      97 2 Biggest declines in non-landed residential DC rates CHANGE* Balestier -10.8 Sentosa -10.5 Bishan/Ang Mo Kio -10.0 Braddel/Potong Pasir/Bartley/UppAljunied/Woodleigh -9.4 Ardmore/Draycott/Claymore -9.1 Marina East -8.3 Crawford/Beach Rd -8.3 Mountbatten/Kampong Bugis -8.3 Rangoon Rd/Owen/part Kampong Java/part Keng Lee -8.3 Mount Pleasant/Caldecott -8.3 Tiong Bahru/Kim Tian -8.3 East Coast Park/Bayshore -8.3
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      74 2 Health Talks at Camden Medical Center For a/ZTDcH^ors asuC H.ezuz£car&^{WessuHutu The Latest Minimal and Non Invasive Treatments for Spinal Disc Problems Speaker: Dr Prem Pillay, Consultant Neurosurgeon, Neuro Spine and Pain Center Singapore (CME points will be awarded through the SMC) m Location: Camden Medical Center, Conference Room Date: 30th
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  • Page 2 Miscellaneous
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Medicine man to the world, change agent
      1987 4 Andrew Witty, the youthful CEO of GlaxoSmithKline, says his industry is changing beyond recognition and he loves the challenges on his plate, ANNA TEO reports POTENTIAL CEOs are typically headhunted and evaluated on the quiet. Andrew Witty, however, went through an open contest
      JOSEPH NAIR  -  1,987 words
    • Article
      Lock icon GSK's fine, but some drug giants may shrink
      499 4 THE next five years will see dramatic changes in the Pharmaceuticals industry, says Andrew Witty. But the Big Pharma business model ain't entirely broke, he maintains. "I think the business model doesn't need to change," the chief executive of GlaxoSmithKline says. Analysts
      499 words
    • Article
      Lock icon Raffles
      76 4 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
      Lock icon Market cap falls to 20-mth low in Aug
      1118 5  -  LYNETTE KHOO Value of $609.7b marks 28 per cent decline from October 2007 high By THE Singapore market sell-off has resulted in a sharp $237.8 billion or 28 per cent drop in market capitalisation from its October 2007 peak of about $847.5
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    • Article, Illustration
      Lock icon Dealing with Olympic withdrawal syndrome and painful market reality
      557 5  -  R SIVANITHY STOCKS THE biggest challenge for dealers this week was how to deal with Post-Olym-pic Withdrawal Syndrome (POWS), a condition that has been reported to be afflicting the China citizenry. In a nutshell, it is a condition marked by an
      557 words
    • Article
      Lock icon Abterra plans $300m acquisitions
      438 5  -  JAMIE LEE By ABTERRA, a supply chain manager of coking coal and iron ore, is in talks with two to three Chinese coal miners to acquire stakes totalling about $300 million over the next one year, a top executive told BT in an interview yesterday. This
      438 words
    • Article
      Lock icon CapitaLand divests stake in KL tower
      350 5  -  KALPANA RASHIWALA By CAPITALAND is divesting its 30 per cent stake in a company that owns Menara Citibank, a 50-storey office tower in Kuala Lumpur's Jalan Ampang, for RMI76 million (5575.5 million). Upon completing the divestment, the Singa-pore-based property giant will recognise a gain
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    • Article
      Lock icon Intraco unit wins 3 deals with telcos worth $4.4m
      161 5  -  RACHEL SIM By INTRACO Limited through wholly owned subsidiary IntraWave has clinched three deals totalling up to $4.41 million from Singapore's three major mobile operators to provide 3G services in the North East (NE) mass rapid transit line. The contracts from
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    • Article
      Lock icon Watch-list firm CSH facing tough market conditions
      455 7  -  EMILYN YAP Efforts include bid to improve financial health, it says in mandatory update By WORKING towards removal from the Singapore Exchange (SGX) watch-list, beleaguered furniture firm Chuan Soon Huat Industrial Group (CSH) yesterday gave an update on plans to improve its financial
      455 words
    • Article
      Lock icon Portek earnings soar four-fold to $3.9m
      327 7  -  VINCENT WEE By PORT operator and equipment provider Portek International's net profit for the full year to June 30 quadrupled to $3.9 million from the preceding financial year's $1 million as it steadily reaped returns from its two-pronged strategy of continued terminal operations expansion
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    • Article
      Lock icon Lian Beng files $9.4m suit against ex-partner Manhattan
      364 7  -  WINSTON CHAI By CONTRACTOR Lian Beng Group has sued its former partner Manhattan Resources for alleged breach of a deal to buy the former's half stake in a joint venture. Lian Beng said in a statement yesterday that it has filed a
      364 words
    • Article
      Lock icon Russia's steelmaker Evraz set to take over Delong
      444 7 Bloomberg [MOSCOW] Evraz Group SA, Russia's biggest steelmaker by market value, plans to boost its stake in China's Delong Holdings Ltd to as high as 75 per cent, chief executive officer Alexander Frolov said. The Moscow-based steel company expects to get regulatory
      Bloomberg  -  444 words
    • Article
      Lock icon Bio-Treat profit slumps 62% on bad debt provision
      366 7 By LYNETTE KHOO DENTED by a bad debt provision of 139.5 million yuan, Bio-Treat Technology said yesterday its net profit for the full year ended June 30 slumped 62 per cent to 125.43 million yuan (Ss26 million). The fall came as revenue
      366 words
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      1024 6  -  CONRAD TAN Singapore banks KIM ENG RESEARCH, Aug 29 FOR Q2 2008, Singapore banks' core operating profits displayed resilience, with DBS and UOB achieving bet-ter-than-expected results. UOB outperformed in Q2 due to tight cost control and high investment income. Key trends in Q2 include robust loans growth (18-21
      1,024 words
    • Article, Illustration
      Lock icon Banking on your social connections
      1794 6 ■LAT-WP Peer-to-peer networks, friends and family are stepping in to provide financing at lower interest rates as traditional bank loans get scarcer [WASHINGTON] STEVE Lubs was looking to get rid of his US$B,OOO in credit card debt, but his high interest rate had him bogged
      ■LAT-WP; BLOOMBERG  -  1,794 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      834 6 For week beginning Aug 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Auto Corp 28-Aug-08QuekSim Pin Buy 2100 0.05 ***** 2.55 ***** 2.63 Lottvision 28-Aug-08Paul Gao Xiangnong Buy
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      478 7 Lg^. JHrVEVS *****/6000sqft A V S fAI M fAI M <l| Wide frontage .2 IV •onlysl7Mneg I *****/7000 sq ft 1 I I Flat land, huge gdn, nice pool IN THE MATTER OF H*7*T^TtT^Tt^H THE COMPANIES ACT. CAP. SO ill 111 M G lor™Nm Tc Ho Er^™°n F ptelt D
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  • SINGAPORE NEWS
    • Article
      Lock icon CME, Nymex merger to boost Asia growth
      401 8  -  CONRAD TAN Many regional firms yet to use exchange traded derivatives for hedging By THE recently completed acquisition of US commodity exchange Nymex by CME Group will give the combined firm a much bigger product base to develop its business in Asia, its
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    • Article
      Lock icon STB to boost service quality for F1
      166 8 THE Singapore Tourism Board (STB) has launched a series of training programmes to prepare service personnel for the Formula One race period. Organised by the STB with the support of the Workforce Development Agency (WDA), up to 2,000 key service personnel from industries
      166 words
    • Article
      Lock icon Relax Web political content policies: AIMS
      322 8  -  MELISSA YEO But it warns against 'free-for-all' approach By A CONSULTATION paper by the Advisory Council on the Impact of New Media on Society (AIMS) has recommended that policies on online political content be liberalised. But it cautions against the negative effects of a
      322 words
    • Article, Illustration
      Lock icon HSBC exec leaves for ABN Amro
      433 8  -  SIOW LI SEN By THE Royal Bank of Scotland (RBS) has appointed former HSBC banker Wendy Lim to head ABN Amro's retail banking in South-east Asia as banks jostle to sell to Asia's burgeoning middle classes. Ms Lim, 37, who starts work on Monday,
      433 words
    • Article
      Lock icon URA in eatery, nightspot review
      401 8  -  ARTHUR SIM By THE Urban Redevelopment Authority (URA) is reviewing the activities allowable in restaurants, food shops and pubs located in private shophouses. One of the considerations is to allow more flexibility in providing live entertainment on the premises of restaurants and pubs. Currently, live
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon New judge appointed
        34 8 FROM Sept 1, Christopher Goh Eng Chiang will serve as District Judge, Magistrate of the Juvenile Court, Coroner, Referee of the Small Claims Tribunals and Deputy Registrar of the Subordinate Courts.
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      • Article
        Lock icon CAAS signs HK maintenance MOU
        53 8 THE Civil Aviation Authority of Singapore (CAAS) and the Hong Kong Civil Aviation Department (HKCAD) yesterday signed an enhanced memorandum of understanding (MOU) on the maintenance of aircraft. The agreement allows for both civil aviation authorities to recognise each other's approvals given to maintenance of
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      • Article
        Lock icon Ex-MAS official joins Drew & Napier
        47 8 Ex-MAS official joins Drew Napier ERIC Chan has joined the banking and corporate department of Drew Napier LLC as an associate director. He previously served as head of international and regional relations at the Monetary Authority of Singapore (MAS) and represented the MAS in several government delegations.
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      • Article
        Lock icon Firms urged to offer new leave benefits
        82 8 THE Singapore Business Federation (SBF), Singapore National Employers (SNEF), the Association of Small and Medium Enterprises (ASME) and the Employer Alliance for Work-Life have issued a joint statement to encourage employers to grant the enhanced leave benefits to eligible employees on a voluntary
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    • Article
      Lock icon Tata, Tsao receive Honorary Citizen Award
      271 8 SINGAPORE has honoured Ratan N Tata and Frank Tsao Wen-King with the prestigious Honorary Citizen Award. As the highest form of national recognition for non-Singaporeans, the Honorary Citizen Award recognises the contributions of foreigners who have rendered extensive services to Singapore and its people.
      271 words
    • Article, Illustration
      Lock icon FAIRPRICE SPORTS NEW LOGO
      109 8  -  CHUANG PECK MING NTUCFair-Price yesterday unveiled a new logo to mark its first supermarket opened 35 years ago by then prime minister Lee Kuan Yew. Speaking at the launch of the logo, during which Mr Lee now Minister Mentor was the guest of honour, NTUC retail
      THE STRAITS TIMES  -  109 words
    • Article
      Lock icon STTA chief says sorry to public
      354 8  -  RACHEL SIM By LEE Bee Wah, president of the Singapore Table Tennis Association (STTA), apologised to the public at a media conference yesterday. "I have made some comments which have been misunderstood and have upset some Singaporeans. I sincerely apologise for causing any inconveniences
      354 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      51 8 DISCOVER YOURSELF! (INENGUSH) With just a birth date, get to know your: Character Suitable careers Lucky colours 1900-914-0002 Callsatso.2l4cents/min (inclusive of GST) A >■■ Callers below 18 years of age must get parental consent. Customer Service Hotline: 6319 2333 This service is provided by SPH Interactive Marketing Services. Wg Singapore
      51 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia sees FYO9 budget deficit of 3.6%
      680 9  -  PAULINE NG FYOB forecast hiked to 4.8% on extra spending to keep GDP rise above 5% By in Kuala Lumpur MALAYSIA expects a budget deficit of 3.6 per cent for the fiscal year 2008-09, a drop from the revised forecast of 4.8 per
      REUTERS  -  680 words
    • Article
      Lock icon Maybank's 811 deal in KL's hands: Jakarta
      289 9 Reuters [JAKARTA] The fate of a US$2.7 billion takeover of Bank Internasional Indonesia (BII) by Malayan Banking Bhd (Maybank) is in Malaysia's hands and the capital markets watchdog will not make exceptions to existing rules, Indonesia's regulator said yesterday. Malaysia's top lender, Maybank,
      Reuters  -  289 words
    • Article
      Lock icon Malaysia's ban on anti-government website sparks protest
      330 9 Reuters [KUALA LUMPUR] Malaysia has pulled the plug on a popular news portal often critical of the government, sparking protests from a resurgent opposition. Malaysia's telecoms watchdog ordered Internet providers to block access to Malaysia Today website because it posted comments that could
      Reuters  -  330 words
    • Article
      Lock icon Indofood's H1 profit more than doubles
      297 9 Bloomberg [JAKARTA] PT Indofood Sukses Makmur, Indonesia's biggest instant-noo-dle maker, posted record quarterly profit after raising prices and buying a palm oil company. Net income rose to 444.5 billion rupiah (5568.4 million) in the three months ended June 30 from 189.9 billion rupiah a
      – Bloomberg  -  297 words
    • Article
      Lock icon Funds seized from Suharto family firm
      257 9 ■Reuters [JAKARTA] Indonesia's government has seized US$l34 million from a firm linked to former president Suharto's family, a cabinet minister said yesterday, a sign the authorities are taking a harder stance against the powerful Suharto tyThe government's attempts to recover money from the Suharto
      ■Reuters  -  257 words
    • Article
      Lock icon Indonesia's BCA sees 10% rise in deposits next year
      256 9 Reuters [JAKARTA] Indonesia's second-largest lender, PT Bank Central Asia Tbk (BCA), aims to boost customer deposits by about 10 per cent next year from a 2008 target of around 200 trillion rupiah (5530.8 biUion), an executive said yesterday. Laksono, chief manager
      Reuters  -  256 words
    • Article
      Lock icon BURSA MALAYSIA
      2211 9 iug29 RM ('000) A&M Realty 0.44 \bric Bhd 0.17 Advance Synergy 0.10 Adventa Bhd 0.93 AeMuIti Hldgs 0.26 Affin Holdings 1.85 Ahmad Zaki Resou 0.72 AicCorp 0.45 \irasia Bhd 1.08 Akn Technology 0.39 Alliance Financi 2.71 Aluminium Co 1.03 Amalgamated Ind 0.52 \mmb Hldgs Bhd 3.06 Amtel Holdings
      2,211 words
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  • GREATER CHINA
    • Article
      Lock icon China beats oil majors in race for Iraq deals
      537 10 Reuters But terms of CNPC's new deal are said to be not as lucrative as earlier contracts [DUBAI] China crossed the line first in the race for big oil contracts in post-Sadd-am Iraq and has gained a head start over Western
      Reuters  -  537 words
    • Article
      Lock icon 1t yuan paper loss for funds
      264 10 Reuters [SHANGHAI] China's mutual fund sector incurred a record 1.08 trillion yuan (*****.2 billion) in paper losses in the first half of this year due to the stock market's tumble but management fees more than doubled from a year earlier, the official Shanghai Securities
      – Reuters  -  264 words
    • Article, Illustration
      Lock icon Shanghai World Financial Centre aims for 90% tenancy
      549 10 Reuters It has already reached a 45% occupancy rate [SHANGHAI] China's tallest building, the 492-metre Shanghai World Financial Centre, is on track to hit 90 per cent occupancy within a year despite a wobbly property market, its developer and top shareholder said
      Reuters  -  549 words
    • Article
      Lock icon Former richest man gets 10 years' jail for illegal logging
      212 10 AFP [BEIJING] A Chinese businessman once listed as the richest in the country has been jailed for more than 10 years for illegal logging, state media reported yesterday. Luo Zhongfu, 57, chairman of real estate company Fuhai Fuyingshi New Materials
      AFP  -  212 words
    • Article
      Lock icon China funds boost fixed income's shares
      447 10 Reuters [SHANGHAI] Chinese mutual funds have sharply raised their recommended allocations to fixed income and cut allocations to equities because of a slowing economy, the latest monthly Reuters poll of fund managers shows. On average, the funds raised their suggested allocation to bills and
      – Reuters  -  447 words
    • Article
      Lock icon Millions addicted to online games
      180 10 ■AFP [BEIJING] Around four million Chinese youngsters are addicted to the Internet, mainly attracted by "unhealthy" online games, the Beijing Times reported yesterday, citing a top legislator. "Internet-ad-dicted teenagers" account for around 10 per cent of China's Web users under the age of 18, it
      ■AFP  -  180 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      179 10 <4A Lianhe Zaobao w*^ cJ3 W I Chairman of^ Get your \JLI 11IC y ■5 Bfl 0& copy from any B Spinelli outlet at hAHH P I luiiy'iciiii Rev up and get I p r nuit|| your Pulses now I _w Top Story: Is the F1 fever st II burning
      179 words
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  • INDIA
    • Article, Illustration
      Lock icon India's Q1 growth slows to 3½-yr low of 7.9%
      588 11 Reuters Services hit most but monetary policy may not be eased in face of high inflation [NEW DELHI] India's economy grew at its slowest annual rate in 3V2 years in the June quarter, losing momentum as services slowed markedly, but high
      Reuters; AFP  -  588 words
    • Article
      Lock icon Currency futures market may grow 15-25%: NSE
      553 11 Bloomberg [NEW DELHI/MUMBAI] India's currency futures market may grow by 15 per cent to 25 per cent in the next 12 months, according to the National Stock Exchange of India Ltd, which will be the first to offer the derivatives from yesterday. Rivals
      ■ Bloomberg  -  553 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8548 11 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.982/ AIGIF S'pore Bond Fund/A 1.339/ APS Asset Mat Pte Ltd APS Alpha Fund!** 0.87/ APS Alpha Fund (USD)! A 0.62/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.9786/ APS Komaba
      8,548 words
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  • WORLD
    • Article, Illustration
      Lock icon Firms game to spend big at US Open
      784 12 Bloomberg Wall St may be feeling the crunch but corporate sponsors are splurging [NEW YORK] The US Open has one up on Wall Street. It's escaping the credit crunch unscathed. The US Tennis Association, organiser of New York's Grand Slam tournament, sold
      Bloomberg; AP  -  784 words
    • Article
      Lock icon SGX MAINBOARD
      8586 12 Transaction date: Aug 29 52-wks Tel |h Low Code Last Sale Hii Coi 5716 1st Software 16 5 3148 STelecom i I i., 110 100 6389 ABFSGBondETF 24 10 1938 AEICorp 20.5 4.5 1100 AEM 37.5 15 2101 APOil 141 54.5 5550 ARA 17 4 3100 ASAGrp 19.5
      8,586 words
    • Article, Illustration
      Lock icon US jewellers upbeat over sales
      646 15 Reuters STILL IN VOGUE Tiffany Co beats profit forecasts, while Zale Corp reports only a small loss [NEW YORK] US jewellers are confident that they will prevail this holiday shopping season, betting that upscale and middle-income customers won't resist buying baubles despite a weak economy.
      Reuters  -  646 words
    • Article
      Lock icon Earnings rise for luxury retailer Hermes
      351 15 Rev ters [PARIS] Paris-based luxury group Hermes yesterday posted a solid rise in first-half profits, helped by resilient demand from non-French buyers for its themed silk scarfs and upmarket leather goods. Hermes, whose handbags start at 1,200 euros and can fetch 50,000 euros, said
      Rev ters  -  351 words
    • Article
      Lock icon Interim profit doubles for Gucci parent
      288 15 Bloomberg [PARIS] PPR SA, the French retailer that owns Gucci, said first-half profit more than doubled on higher luxury goods sales and a gain from selling its YSL Beaute cosmetics unit. Net income rose to 779 million euros (Ssl.6 billion) from 326 million euros
      ■ Bloomberg  -  288 words
    • Article
      Lock icon Ferretti sees good end to financial year 07-08
      614 15 Reuters Sale of mega-yachts up despite global economic downturn [DUBAI] Italian luxury yacht maker Ferretti expects 2007-2008 to be a good year, what with the increased sale of mega-yachts which are typically over 70 feet in length, despite the global economic downturn.
      Reuters  -  614 words
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  • ASIA PACIFIC
    • Article
      Lock icon Japan gets a populist 11.7t yen stimulus
      773 13  -  ANTHONY ROWLEY Package is aimed more at shoring up govt image ahead of polls, say analysts By in Tokyo THE Japanese government yesterday announced a package of economic stimulus measures worth 11.7 trillion yen (*****.3 billion), designed mainly to help those consumers and
      773 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        65 13 VOLUME VALUE China Hon. ixin. 42,320,000 iBS Gri 128,228,870 Sin. iTel 25,887,000 UOB 123,567,240 Ferrochina 25,349,000 Ca litaLand 106,543,000 Cai litaLand 24,610,000 Sin. iTel 90,751,160 Golden Ai iri 21,949,000 Kei I Con 75,987,945 Li Hen. 21,690,000 OCBCBk 73,462,250 Noble Gri 20,727,000 Wilmar 60,408,392 JiutianC 19,851,000 SGX 60,165,230
        65 words
      • Article
        Lock icon RISES
        91 13 CLOSE UP CLOSE UP Diamonds **********.0 5735.0 Diamonds ***** 5735.*****0.0 SPDRS ***** 665.1 3.8 Wilmar DBeCW*****9 14.5 107.1 7.5 MH 2888 144.3 3.7 Sunmoon 100.0 0.5 SH 1582 62.3 2.9 CoscoCori iDBeCW*****2 66.7 2.0 China H 10US$ 1521 56.6 2.7 :hinaACori W*****6 1.5 50.0 0.5 lardine C&C 1784 56.0
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      • Article
        Lock icon FALLS
        116 13 BY CENTS BY PERCENTAGE CLOSE DOWN CLOSE DOWN UIC 241 -29.0 -10.7 SembMar MBLeCW*****6 1.5 -57.1 -2.0 HK Land 362 -9.9 -1.9 Ionics 6 -52.0 -6.5 DBSBk6% NCPS 10 ***** -8.0 -0.1 Cai italandRBeCW***** -50.0 -I.i loscoCori lePW*****5 32.5 -7.0 -17.7 Sa ihire 0.5 -50.0 -0. DBS BNPePW*****0 32.5
        116 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      82 13 Up Down Unch 10 6 1 Up Down Unch 0 0 0 Up Down Unch 10 6 1 lulti Ind 43 61 Commerce 29 12 18 34 16 22 itor/ lomms :inance 23 23 Construction 'rot lotels/Rsts iervices 28 15 26 36 23 33 led ias/ later
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 13 MAIN SDQ TOTAL MAIN SDQ TOTAI lulti Ind 23,502 23,502 122,374 122,374 lanufacturini 295,338 10,899 306,237 251,809 1,367 253,177 lommerce 66,534 9,859 76,393 90,775 3,130 93,90' )t/Stor/Comms 80,381 427 80,808 218,945 112 219,057 :i nance 40,630 40,630 394,406 394,406 lonstruction 16,142 2,833 18,975 2,275 42 2,317 'roperties
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      25 13 lapitaLand 4.380 +0.090 Olam 2.110 +0.130 rap .osco .orp ■ngg irp .orp >mg Ian fine" Fppel .orp leverage Fppei irp 'angzijiang
      25 words
    • Article
      Lock icon BONDS & WARRANTS
      884 13 BONDS WARRANTS Pel lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Left lOHCapitaland BNP ECW*****8 7.5 1 180 0.1 493 17 1015 Capitaland BNP ECW*****2 5.5 -0.5 10 0.1 593 17 Capitaland MBL ECW*****2 2 -0.5 60 0.3 590 4 1881 Capitaland MBL
      884 words
    • Article
      Lock icon SGX CATALIST
      2028 13 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      2,028 words
    • Article
      Lock icon SGX XTRANET
      83 13 52-Wk Tel Hiqh Low Code Last Sale Vol ('ooo) Day ]h Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi _Hm ***** 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 277
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    • Article
      Lock icon CLOB INTERNATIONAL
      73 13 Wk Tel Low Code Last Sale Vol COOP) lay Low Bl .a st yer )uote Div Seller C'vr Net P/E flCap $mil Hii Comi >an' Hii 127.7 55 6000 AVJennings 20.5 4 6134 Over&Gen 48.5 14.5 6017 StarCruises 283 194 6019 TanChonglnt A61cd A8 IIS15.5 IIK194 -0.5 -1
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Protests force closure of three Thai airports
      416 14 AFP, Reuters Protesters block runways, tourists stranded in Phuket Hat Yai and Krabi [BANGKOK] Anti-govern-ment protests forced Thai authorities to close three airports yesterday, stranding travellers at popular tourist destinations in the south of the country. Protesters invaded the runways at tourist-packed Phuket
      AFP, Reuters  -  416 words
    • Article, Illustration
      Lock icon Obama vows to revive US economy
      433 14 Reuters [DENVER] Barack Obama launched a sharp assault on Republican presidential rival John McCain on Thursday with a promise to reverse the economic failures of the past eight years and restore America's global reputation. The first black presidential nominee of a major US party
      Reuters; XINHUA  -  433 words
    • Article
      Lock icon UK officials under fire over stamp duty issue
      560 14  -  JANE MOIR By in London POLICY-MAKERS in the United Kingdom have found themselves in hot water over a loose proposal to suspend stamp duty as a lifeline to the flagging property sector. Although hints at a stamp duty holiday have sparked ferocious
      560 words
    • Article, Illustration
      Lock icon NZ foreign minister steps down on fraud allegations
      394 14 Reuters [WELLINGTON] New Zealand Foreign Minister Winston Peters has stepped down while allegations of fraud relating to political donations to his party are investigated, Prime Minister Helen Clark said yesterday. New Zealand's Serious Fraud Office (SFO) has started an investigation into Mr
      Reuters  -  394 words
    • Article
      Lock icon Consumer sentiment at 5-month high
      394 14 Reuters, AP LATEST US DATA Surprise recovery helped by moderating energy prices [NEW YORK] US consumer confidence rose to its highest in five months in August, posting an unexpectedly large recovery from depressed levels with the help of moderating energy prices, a survey released yesterday
      – Reuters, AP  -  394 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      78 14 Restaurants TUNE IN TO Florists MTAEIOON 5 |c i m BIGGEST HITS Jewellery in OF THE 90S D& D FLOWERS GIFTS TP* TT T TWT V Address: 200 Jalan Sultan Textile Centre J| JUI JUI A^P VW^ #01-19 A Singapore *****8 Website: www.ddflowers.com.sq Email: ddfLoweriasinqnet.com.sq K^«Hr omly on X Directory
      78 words
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  • INDIA'S DRIVING FUTURE
    • Article, Illustration
      Lock icon Bumpy ride for budget Nano
      977 16 REUTERS A car for the mass Indian market stirs up a political storm over return of farmland for its plant, NEETA LAL reports THE world's cheapest car at U552,500- the 623-cc Tata Nano has vaulted itself to headlines once again after its high-pro-file launch in
      REUTERS  -  977 words
    • Article, Illustration
      Lock icon Road deaths up; top killer is rising car numbers
      1050 16  -  RINA CHANDRAN Reuters By [MUMBAI] The twisted metal of smashed up cars lining highways is a grim testament to India's road toll, one of the worst in the world with around 100,000 people killed in traffic accidents last year alone. As
      – Reuters; BLOOMBERG  -  1,050 words
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  • MOTORING
    • Article, Illustration
      Lock icon Lexus with attitude
      1015 17 The first high-performance model from the Japanese luxury carmaker looks and sounds different from any other Lexus, SAMUEL EE reports TO say the Lexus IS F is unorthodox is an understatement. The first high-performance model from the Japanese luxury carmaker may look like an ***** sedan at
      1,015 words
    • Article
      Lock icon Demand IS Fantastic
      366 17 DEMAND for the Lexus IS F is so high that Japanese buyers have to wait up to 18 months for the company's first high-performance model. To placate these future owners, Lexus conducts one extended test drive for each of them. But for most customers, that is not
      366 words
    • Article, Illustration
      Lock icon New-age Nissan
      600 17  -  SAMUEL EE By AS far as middle-class status symbols go, nothing used to say you had arrived as much as a mid-size Japanese sedan. But things have changed over the years the segment has lost its lustre and is steadily shrinking as such cars become increasingly affordable and
      600 words
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  • GOLF
    • Article, Illustration
      Lock icon The goofy side of golf
      1559 18  -  Rick Reilly Carl Hiaasen Franz Lidz John Garrity A few years ago the sports section at local bookstores would invariably lack good golf reads. Besides the usual player biographies and autobiographies, titles featuring the world's best courses, or in-depth equipment analyses, there was little by
      1,559 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      730 18 Wine&dine with weekendßT Mezeßar Two Temasek Boulevard. Tel: 6432 7481 Pan Pacific Singapore 333 Orchard Road, Meritus Mandarin Singapore, Experience a world of palatable pleasures from the New Sunday Champagne Brunch Grand Tower Level 2, Tel: 6831 6286/88 Oscar's lunch and dinner buffet menus, from fresh The Legends Fort Canning
      730 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Living longer in good health
      936 19 NYT Long-term studies pinpoint exercise as the single most potent predictor of healthy longevity, in women as well as in men YOU don't have to be an actuary or funeral director to have noticed the striking increase in the length of many people's lives. The
      NYT; REUTERS  -  936 words
    • Article, Illustration
      Lock icon Playtime is serious business
      396 19  -  CHEAH UI-HOON By TRIED to get your kids to memorise words from flashcards recently? One child psychologist from the US says that would only stifle your child's creativity and take away the joy of learning. "Children are essentially explorer-discoverers, not rote-learners," says Kathy Hirsh-Pasek, author of
      ASHLEIGH SIM/THE STRAITS TIMES  -  396 words
  • Page 19 Advertisements
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      295 19 CRYPTIC CROSSWORD r I^^H* I I MO M 2 I ACROSS 5 Alert MP in a reshuffle here? 7 International head after con- (10) flict showing caution (8) 6 Undergarment almost com--9 Brought up case of rene- pletely chaste (6) gade, a socialist (6) 8 'Party extremely left', admits 10
      295 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Lush legends of the Fal
      682 20  -  AMANDA DE GUZMAN Brush up and blush on with an array of sumptuous shades from famous beauty houses for Fall/Winter looks. BT Weekend checks out the most alluring make-up trends and products to spice up your season By AS the seasons change in the fashion
      682 words
    • Article, Illustration
      Lock icon Dont't fly out of T2 without it
      448 20  -  CORINNE KERK By CALVIN Klein fans here will wonder why its entry has been so quiet, stealthy almost. And then there's the small problem that only those travelling through Changi Airport Terminal 2's departure transit hall can get their hands on it. Otherwise,
      448 words
    • Article, Illustration
      Lock icon Facing up to high-definition perfection
      215 20  -  Cheah Ui-Hoon HIGH definition (HD) technology doesn't just apply to your TV, it's bound to apply to your make-up regime too. Now that film and TV cameras have gone HD, it's only a matter of time that digital cameras and personal camcorders follow suit. And
      215 words
    • Article, Illustration
      Lock icon 30 years on and still as relevant as ever
      479 20  -  AUDREY PHOON By ONE of the earliest print advertisements for Alain Mikli shows four different pairs of the eyewear brand's frames hanging from a clothes rack. The image is accompanied by the copy: "Myopia, hyperopia, astigmatism, strabismus: Four new reasons to
      479 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Emergence of the New Macau
      928 21 With the US$2.4 billion Venetian complex in place and many more integrated resorts to come, a strip of reclaimed land is changing the complexion of Macau, writes GEOFFREY EU THE former Portuguese colony of Macau is now a place where superlatives abound, and nowhere is
      928 words
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      Lock icon Beyond beer and bratwurst in Bavaria
      511 21  -  AUDREY PHOON By BAVARIA has been dubbed a sau-sage-fest for more reasons than one. After all, apart from bratwurst, it is probably best known for its beer and the Bayern Munich football club. Add to that the all-new BMW Museum, which opened in Munich
      511 words
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  • THE Business times I I weekend
    • Article, Illustration
      Lock icon Elevating the art of tea
      801 22  -  By Geoffrey Eu Classy joints and tantalising infusions are bringing the simple pleasures of sipping tea to fresh heights. Consumers are quenching their thirst with a dizzy variety of novelty brews and a refreshing blend of tea-appreciation activities, BT Weekend finds out TWG Tea Salon
      801 words
    • Article, Illustration
      Lock icon Fusing fun with traditional tastes
      585 22  -  Audrey Phoon Terrace Tea www.terracetea.sg Tel: 6827 9749 THE Terrace Tea brand is the product of many meetings which, ironically, were not about tea at all. "In the past, my partners and I were always offered either coffee or Coke during business meetings," says co-founder
      585 words
    • Article, Illustration
      Lock icon Pick your teapot along with a fave brew
      615 22  -  Ch&ah Ui-Hoon Tian Fu Teahouse Si Chuan Dou Hua 60th level, UOB Plaza, 80 Raffles Place Tel: 6536 6006 CHINESE tea is so integral to the Asian lifestyle that one barely gives it a second thought. Longjing, pu-erh, tieguanyin and mo lihua
      615 words
  • Page 22 Miscellaneous