The Business Times, 22 June 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 The Business Times Ssl.oo online at http://www.businesstimes.com.sg Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Monday, June 22,2009
    20 words
  • 759 1  -  ANTHONY ROWLEY Economists warn that export demand in many industries will just 'never come back' in Tokyo ASIA'S two biggest industrial power houses China and Japan are facing a need for extensive industrial restructuring and downsizing to counter the impact of what some
    REUTERS  -  759 words
  • 654 1  -  LYNETTE KHOO There's sharp rise in work volume and, in some cases, fees too [SINGAPORE] Corporate restructuring experts are busy for good reasons in bad times, as more distressed companies restructure to preserve their business, protect suppliers and keep creditors at bay. Increasingly
    654 words
  • MARKETS DIGEST
    • 55 1 Weekly Change >T Index 2,273.18 -103.89 1 COMP 1,059.50 -30.65 MKKEI 225 9,786.26 -349.56 1ANG SENG 17,920.93 -968.75 SET INDEX 588.98 -39.57 JAKARTA COMP 1,990.47 -100.47 1ANILA COMP 2,398.30 -200.50 ;eoulcomp 1,383.34 -45.25 iHENZHEN B 469.36 +17.12 IUMBAI IND 14,521.89 -716.05 )OW 8,539.73 -259.53 IASDAQ 1,827.47 -31.33 ;&P 500
      55 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.242 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ per US$) 1.456 (US$/S$ per 1.636 2.382 EURO (US$,S$/E) 1.392 Foreign currency per US$ 2.027 S$ 'EN 96.80 66.50 3.536 2.428 IK$ 7.750 5.323 !AHT 34.18 23.47 lUPIAH 10,350 7,108 lENMINBI 6.836 4.695 INDIAN RUPEE 48.26 33.14 1.244 0.854 IZ$ 1.564 1.074
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 41 1 DINING OUT BizlT F1 f^j^ VIEWS FROM Laurent Cantineaux r^7^ The next-gen train Vettel takes <x> THE TOP returns gr^jjji^iif** has arrived Silverstone JL \lJ^^* The business of going PAGE 15 PAGE 28 PAGE 19 *jn£*. Wmk I green PAGES 12,13
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 85 2 ASIA'S two biggest industrial powerhouses, China and Japan, face a need for extensive industrial restructuring and downsizing to counter the impact of what some analysts say is likely to be a permanent downturn in demand for consumer exports to the US and other
        85 words
      • 66 2 CORPORATE restructuring experts are busy for good reasons in bad times, as more distressed companies restructure to preserve their business, protect suppliers and keep creditors at bay. Increasingly plagued by going concern issues, many companies are scurrying for help from these experts, driving
        66 words
      • 67 2 US stocks snapped a four-week winning streak with modest losses last week. Many traders say that without any clear catalyst to drive the market higher in coming weeks, the sideways movement and thin volume since a strong first week of June may
        67 words
      • 68 2 THE six foreign law firms granted licences to practise Singapore law the biggest liberalisation so far of the traditionally protected industry have quietly started operations here ahead of the July deadline. But their entry couldn't have come at a worst time for local
        68 words
      • 68 2 THE retail sector may be under siege but communications design and commercial interior fitout specialist Kingsmen Creatives has been too busy to notice. The mainboard listed company continues to see a significant inflow of new projects at various upcoming and upgraded malls
        68 words
      • 57 2 FACED with a contracting economy at home, Singapore's three local banks are banking on their Indonesian units for growth. The Indonesia banking sector with its high net interest margin, low penetration rate and relatively low defaults, is proving a bonus for DBS Group,
        57 words
      • 109 2 IT'S hard to know whether things are getting better or worse with the US economy. Where some economists see "green shoots" of a recovery, others see only yellow weeds of continuing recession. With consumer spending accounting for more than two-thirds of the US
        109 words
      • 66 2 THE desire for more sustainable and recurring income has fuelled a significant services business push by Singapore Technologies Electronics. It wants to grow this business whose offerings range from providing consultancy services for firms to helping companies manage their business systems to contribute about
        66 words
    • 843 2  -  ANDREW MARKS WALL STREET INSIGHT As inflation worries return, analysts look to Fed's comments on rates, economy in New York US stocks snapped a four-week winning streak with modest losses last week, but on Wall Street the worry among traders and investment
      843 words
    • 989 2  -  LYNETTE KHOO Forensic accountants see spike in demand as companies run into financial trouble [SINGAPORE] As companies run into financial trouble, special auditors see their fortunes soar. In the current climate, forensic accountants are earning a bonanza from their niche area of expertise, for
      989 words
    • 555 4  - Bigger better mantra to growing S'pore marina sector NISHA RAMCHANDANI One Degree 15 also in talks with peers in other countries [SINGAPORE] Hosting bigger and better events could go a long way in growing Singapore's leisure marine industry. Marina club One Degree 15 for instance, which hosted the three-week stopover
      FILE PHOTO  -  555 words
    • 1238 4  -  CHEW XIANG Fees from corporate work fall 30-80% amid signs of looming price war [SINGAPORE] The six foreign law firms granted licences to practise Singapore law the biggest liberalisation so far of the traditionally protected industry have quietly started operations here ahead of
      1,238 words
    • 365 4  -  TEH SHI NING It acquires Keppel's 45.51% stake in SPC for $1.47b [SINGAPORE] PetroChina yesterday said that it has completed its $1.47 billion cash purchase of Keppel Corp's 45.51 per cent stake in Singapore Petroleum Company (SPC) and will make a mandatory general offer for
      365 words
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  • Page 4 Advertisements
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      223 words


  • COMPANY NEWS
    • 684 6  -  YEN SREENIVASAN Kingsmen Creatives has projects to keep it occupied for the next 12 months THE retail sector may be under seige, but communications design and commercial interior fitout specialist Kingsmen Creatives has been too busy to notice. The mainboard-listed company is continuing to
      FILE PHOTO  -  684 words
    • 231 6 Reuters [DUBLIN] Singapore Technologies Telemedia will make a formal bid to buy Irish telecoms group eircom tomorrow, The Sunday Business Post newspaper reported, without citing any sources. The Asian telecommunications group moved into pole bidding position last week when it won the
      Reuters  -  231 words
    • 731 6  -  JOANNE TANG BRANDON CHEW OCBC UOB, DBS units in Indonesia have reported higher profits and FACED with a contracting economy at home, Singapore's three local banks are banking on their Indonesian units for growth. The Indonesia banking sector with its high net interest
      731 words
    • 246 9 ISDN Hldgs E 105 Tampines Rd #06-06 Wing Tai Industrial Centre Singapore *****7 22-Jun 2.00pm Westech Elect A Board Room, 4th Floor 34 Kaki Bukit Crescent Kaki Bukit Techpark 1 Singapore *****3 23-Jun 10.00am SSH Corp E 19Jurong Port Road, Singapore *****3 23-Jun 10.00am Pac Andes S Vanda
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    • 382 9 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications
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    • 674 9  -  YEN SREENIVASAN I ATE last week, infrastructure engineering specialist Lum Chang Holdings Group (LCH) announced its latest contract which marks a coming of age for this 60-year-old engineering company. In an announcement made quietly through the Singapore Exchange, the mainboard-listed company revealed
      674 words
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  • SINGAPORE MARKETS
    • 760 8  -  R SIVANITHY STOCKS LAST week's column recommended investors to be aware of what could cause the upward trend to bend, which as it turned out, was probably timely advice given the sharp fall over the week. To be perfectly honest though, since the
      760 words
    • 547 8 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; (00) Euro; AA) Baht; RM; (000) Peso; AAA) Rs; NT$; (ag) Dividend/Distribition; (ah) Final; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (aq) Income Tax
      547 words
    • 384 8 AFP CURRENCIES [HONG KONG] Asian currencies ended the week mainly weaker against the US dollar as the greenback strengthened on positive US economic news. But the yen made big gains as a poor week for stock markets saw dealers become less risk
      AFP  -  384 words
    • 317 8 -AFP COMMODITIES [LONDON] Commodities prices fell over the week, giving back some of their recent gains while precious metals slipped as more confident investors looked to exit safe-havens such as gold, analysts said. Oil: Oil prices fell slightly following recent sharp gains although
      -AFP  -  317 words
    • 1445 8 Source: Thomson Reuters Consensus No. ot Forecast Mean Fri s recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price ompany name Olgreen Properties 3.00 2.75 12 5.07 18.14 0.67 0.99 RA Asset Mgt 2.00 2.00 2 6.25 9.28 0.64 0.60 rmstrong Ind Corp
      1,445 words
    • 4 8
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    • 59 8 CLOSE BT OB/OS -954.00 +99.0 BT CADI -*****.00 +194.0 BT 10-day MA -*****.00 -95.00 FTSE ST Mid Cap 515.12 +6.73 FTSE ST Small Cap 432.85+19.96 FTSE ST All Share 555.75 +9.33 FTSE ST China Top 237.73 +4.28 FTSE ST China 233.85 +5.59 UOB Catalist 100.04 +2.21 SiMSCI
      59 words
    • 56 8 VOLUME Golden Agri 457,140,000 UniFiber 340,873,000 Gentinq SP 310,580,000 China Honqxinq 263,604,000 Jaya Hldqs 206,976,000 MDR 192,877,000 Diqiland 188,993,000 Yanlord 180,205,000 CapitaComm R 151,131,000 Oceanus 145,190,000 VALUE(S) Capita Land 506,931,268 DBS Grp 423,146,140 Sing Tel 393,270,748 Yanlord 386,252,980 OCBC Bk 274,818,601 SGX 254,419,595 UOB 239,209,080 Keppel Land
      56 words
    • 107 8 DBXT S&P Short 10US$ CLOSE UP 6870 308.5 3.2 UOB 5.05%NCPS 100 9800 60.0 0.6 Dain irm 553 36.4 4.7 Cai ilanBNPeCW/***** 42 31.0 281.: SIA DBS eCW*****9 47 26.5 129.3 DBS RB ePW*****3 66.5 21.5 47.8 SATSvcs 206 14.0 7.3 Cifr NCCPS 119 12.0 11.2 Austland PG 55
      107 words
    • 115 8 Clob Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 9150 -1310 DBXTNifty10US$ DBXT FTVietnam 10US$ 4768-486.1 -6.5 JMH 2430-262.0 -6.9 DBXT FTChina25 10US$ 2600-221.2 -5.5 GLD 10US$ 9176-216.9 -1.6 MS India 10US$ 1185-129.5 -7.' India Nift' 10 1285-128.0 -9.1 Jardine C&C 1750-126.0 -6.7
      115 words
    • 85 8 lull 19 CLOSE CHNG FRJUI118 YR2009 S$ LOW S$ HIGH USS 1.4561 0.03 1.5579 1.4308 Euro 2.0254 0.28 2.0732 1.9150 Pounds 2.3909 -1.03 2.3909# 2.0356 AS 1.1739 -1.53 1.1816 0.9453 Yen* 1.4999 1.45 1.7278 1.4831 Rupiah* 0.***** 0.42 0.***** 0.***** Baht* 4.2657 0.05 4.3390 4.1040 Peso*
      85 words
    • 1411 10  -  ROBERT HALILI INSIDE MARKETS Buyback activity by listed firms also surge while directors' sales are flat THE buying by directors surged while the sales were flat last week based on filings on the Singapore Exchange in the third week of June. A
      1,411 words

  • Page 9 Advertisements
    • 32 9 I Booster Capital Guaranteed Fund SGD I RID 12/06/09 10,41 SGD V NOTICES ■gnSMHH&gSgaH |DB Platinum II Lianhe Zaobao I Accounting irregularities aside I S-chips' convertible I bonds I market's latest concern
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    • 145 9 TATA Profit from growing globalization. I Solutions for the New World I World's Farthest Reaching Network I Data Centers and Managed Services I Emerging Markets Intelligence It's a new world, new opportunities, new revenues. You need emerging markets IV/lIV/II IVll^** ATI^*\MO intelligence and leading solutions on the world's farthest reaching
      145 words

  • Page 10 Advertisements
    • 33 10 cars The Leading ry Online Marketplace D I w V Cars. Jobs. Property. Shops. Just about everything you want is within easy reach. Log on to st7ol .com now! St#ol C O IT!
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  • SINGAPORE NEWS
    • 609 11  -  JOYCE HOOI Firms here warn, suspend or even sack employees who fall foul of the law COMPANY executives are finding out that when they fall into the law's bad books, they often tumble off the corporate ladder, too. Ong Kian Cheong and his wife Dorothy
      609 words
    • 449 11  -  LEE U-WEN By THE who's who of the global water industry, from Hyflux to General Electric to Black Veatch, are in town this week as the second Singapore International Water Week (SIWW) kicks off with a bang today. This trade
      449 words
    • 122 11 PRIVATE housing estates will now be able to tap a new $25 million scheme for small-scale upgrading. This scheme is to complement the existing Estate Upgrading Programme, intended for the upgrading of estates which are at least 30 years old, reported Channel News Asia
      122 words
    • 381 11  -  LEE U-WEN THAI Prime Minister Abhisit Vejjajiva will make a day-long official visit to Singapore today at the invitation of Prime Minister Lee Hsien Loong. Mr Abhisit's maiden visit to Singapore as Prime Minister comes some six months after the 44-year-old Oxford-educat-ed
      381 words
  • Page 11 Advertisements
    • 87 11 V^ Beyond4oYears/ o 3 Canada 5 Si. Japan USA China Brazil Taiwan France Thailand Germany Mongolia Xl UK Cambodia Switzerland Nepal Netherlands Vietnam fl Italy India $[<&§} W s Pain Malaysia m Egypt Indonesia A Austria Philippines Israel Singapore W a W zecn Republic Fiji y I W Turkey New
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  • VIEWS FROM THE TOP
    • 3704 12 THIS WEEK'S TOPIC: Is there a business case for adopting green technology and/or green initiatives? Should businesses commit to becoming more green even if this means higher costs? Ralph 'Skip' Boyce President Boeing South-east Asia THE adoption of green technology and initiatives can have multiple
      STOCKXCHNG  -  3,704 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 897 14 The Internet provides users with speed, privacy and flexibility at the touch of a button, says VINOD NAIR SOCIAL networking, blogging, electronic banking and online shopping are online processes that have undoubtedly taken the world by storm. This trend has emerged even though
      AP.AFP PHOTOS  -  897 words
    • 671 14 CAMPUS LIFE My goal was to show the richness of its business environment to my coursemates, says KARLA HOTCHKISS HAVING grown up in the Philippines, I seized the opportunity to be part of an organising team that recently planned a study trip to the
      671 words
    • 204 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 14 Advertisements
    • 46 14 cftibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • DINING OUT
    • 666 15  -  Audrey Phoon GUEST CHEF Laurent Cantineaux The Harbour Grill and Oyster Bar Level 3, Hilton Singapore 581 Orchard Road. Tel: 6730 3393 FOR his fourth guest-chef stint here, the dedicated Laurent Cantineaux packed "more food than clothes" in his suitcase there were chilli peppers from
      666 words
    • 539 15  -  Cheah Ui-Hoon PROMOTION Wan Hao Chinese Restaurant Marriott Hotel 320 Orchard Road. Tel: 6735-5800 IF there's any silver lining at all to the economic turmoil, it's that restaurants have got a lot more creative in their bid to get the dining dollar. Marriott Hotel
      539 words
  • Page 15 Advertisements
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  • ECONOMY WATCH
    • 921 16 AP Some economists see signs of a recovery, while others see continuing recession [WASHINGTON] It's a difficult balancing act for President Barack Obama and his economic policymakers. Where some economists see "green shoots" of a recovery, others see only yellow weeds of continuing
      AP; AFP  -  921 words
    • 849 16 AFP It has been buying up raw materials while demand for its exports has slashed [SHANGHAI] China has been driving up commodities prices by stockpiling to prepare for global recovery, but with inventories overflowing and no end to the crisis in sight, analysts
      AFP  -  849 words
    • 272 16 -AFP [TOKYO] A closely watched index of business confidence at Japan's major manufacturers is expected to show the first improvement in two and a half years, the Nikkei business daily reported yesterday. The Bank of Japan (BOJ) will on July 1 publish
      -AFP  -  272 words
    • 647 16 -AFP [KUTAISI, Georgia] Standing amidst a wasteland of abandoned and rusting factories, Mohammed Refat represents the new, and unlikely, face of foreign investment in ex-Soviet Georgia. As he watched over workers renovating an enormous space in a disused car factory in Georgia's western
      -AFP  -  647 words

  • MALAYSIA/INDONESIA
    • 568 17  -  S JAYASANKARAN MALAYSIA INSIGHT XL must stop many leakages to achieve its goal SECOND Finance Minister Ahmad Husni Hanadziah said last week that Kuala Lumpur intended reducing its budget deficit as early as next year without sacrificing Malaysia's pumppriming efforts at mitigating the recession. He
      568 words
    • 326 17 Bloomberg Export slowdown offset by domestic consumption growth [JAKARTA] Indonesia's fiscal stimulus is boosting the economy and a "bottoming out" in the slowdown in overseas shipments may help the nation grow about 4.5 per cent this year, Trade Minister Mari Pangestu said on Friday. Growth in
      Bloomberg; AFP  -  326 words
    • 182 17 Reuters [KUALA LUMPUR] Palm oil mill builder CB Industrial Product (CBIP) is buying plantation land in Indonesia as it wants to grow its plantation land bank, its head said on Thursday. "We have to create growth for our plantation (division)," CBIP managing director
      – Reuters  -  182 words
    • 239 17 Bloomberg [WELLINGTON] An Indonesian mud eruption that displaced about 40,000 people and caused more than US$4.9 billion of damage may keep flowing at its current rate for the next 30 years, according to a geologist in Australia. The three-year-old eruption of Lusi,
      Bloomberg  -  239 words
    • 2129 17 VOL ('000) lun 19 RM A&M Realty 0.59 Abric Bhd 0.16 Advance Synergy 0.15 Adventa Bhd 1.06 Ae Multi Hldgs 0.10 Affin Holdings 1.70 Ahmad Zaki Resou ...0.73 AicCorp 0.38 Airasia Bhd 1.13 Akn Technology 0.15 Alliance Financi 2.19 Aluminium Co 1.02 Amalgamated Ind ...0.44 Ammb Hldgs Bhd
      2,129 words
  • Page 17 Advertisements
    • 65 17 KgnniW "Chef of the Year" llftlfisS Venezuelan Academy of Gastronomy Laurent Cantineaux Caracas, Venezuela 22-27 June me Culinary Maestro Series 2009 Experience the innovative cuisine of French and Caribbean flavours created by Chef Laurent Cantineaux. From $65++ for lunch $165++ for dinner Culinary Master Class on Saturday 27 June Citibank
      65 words

  • GREATER CHINA/INDIA
    • 439 18 Bloomberg He also says China should have a 'moderately loose' monetary policy [BEIJING] China should have a "moderately loose" monetary policy and implement "proactive financial policies", Premier Wen Jiabao said during a visit to Hebei. The nation's economy is at a "key moment", becoming stable
      Bloomberg; XINHUA  -  439 words
    • 307 18 Reuters It says the decision violates relevant WTO rules, US law [BEIJING] China's Ministry of Commerce expressed "deep regret" at a US trade panel ruling that Chinese tyres had flooded the US market, the first step in what could be the Obama
      Reuters  -  307 words
    • 553 18 Bloomberg, Reuters [BEIJING] China Investment Corp (CIC), the nation's US$2OO billion sovereign wealth fund, may invest as much as US$5OO million in hedge funds including those run by Blackstone Group, said two people familiar with the matter. CIC aims to allocate US$6 billion
      Bloomberg, Reuters  -  553 words
    • 416 18 Reuters [HONG KONG/TAIPEI] Several US private equity firms and Taiwanese financial groups are showing early interest in the sale of AlG's Taiwan life insurance unit, banking sources said on Friday, in a deal the seller hopes could raise around US$2 billion.
      – Reuters  -  416 words
    • 339 18 Bloomberg [NEW DELHI] India is considering selling 10 per cent of Bharat Heavy Electricals Ltd, its biggest pow-er-equipment maker, in what would be the government's biggest asset divestment in more than five years. The new administration is "positively thinking" and a final decision
      Bloomberg  -  339 words
    • 717 18 Bloomberg [PUNE] Duvvuri Subbarao, governor of the Reserve Bank of India (RBI), said there was no risk of deflation after the benchmark price index fell for the first time in three decades. "India doesn't suffer from any demand contraction, therefore there should be
      – Bloomberg; REUTERS  -  717 words

  • FORMULA ONE
    • 781 19 Reuters, AP One-two for Red Bull as Webber is runner-up; Brawn's Barrichello is third [SILVERSTONE, England] Germany's Sebastian Vettel ran away with the British Grand Prix in a Red Bull one-two while championship leader Jenson Button struggled home in sixth place yesterday. Australian Mark Webber
      – Reuters, AP; AFP  -  781 words
    • 825 19 -NYT [SILVERSTONE] The racing facility here is dirty, often muddy and dilapidated, with ramshackle overpasses and grandstands and an atmosphere reminiscent of that of May 13, 1950, when it was the site of the first Formula One race, the British Grand
      -NYT; AP  -  825 words
  • Page 19 Advertisements
    • 2019 19 Vl. Z TXrrT/nrr Tollfree:1800-289-8822 w |\l I l-( Email: notices@sph.com.sg JL^I V^>r JL i V._r< 1 i,_* www.cats.com.sg IN THE MATTER OF THE IN THE MAnER OF In The Matter Of IN THE MATTER OF COMPANIES ACT (CAP. SO), THE COMPANIES ACT The Companies Act, Cap. 50 THE COMPANIES ACT,
      2,019 words

  • WORLD
    • 710 20 -AP Authorities also arrest the daughter, and 4 other relatives of ex-President [TEHRAN, Iran] An eerie calm settled over the streets of Tehran yesterday as state media reported at least 10 more deaths in post-election unrest and said that authorities arrested the daughter and
      -AP; AFP  -  710 words
    • 308 20 Reuters [LONDON] Mining group Xstrata has made an initial approach to rival Anglo American to propose a merger, Anglo said yesterday. "The board of Anglo American confirms that it has received a preliminary proposal from Xstrata pic which may or may not lead to a
      – Reuters  -  308 words
    • 640 20 Bloomberg [NEW YORK] Ajay Banga, Citigroup's most senior executive in Asia, left the US bank for a role at MasterCard Inc that puts him in line to succeed chief executive officer Robert Selander. Mr Banga, 49, will become president and
      Bloomberg  -  640 words
    • 274 20 Reuters [ZURICH] US authorities could be willing to make a deal in a legal case against Switzerland's biggest bank, ÜBS, after the countries agreed a double taxation treaty last week, the Swiss president said yesterday. The US government is suing ÜBS,
      ■ Reuters  -  274 words
    • 365 20 [NEW YORK] Some investors of Apple are advocating the unthinkable: Apple Inc. without Steve Jobs running it. The charismatic chief executive, they said, should take on a new role when he returns in a week or two from a six-month medical leave
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    • 647 20 LAT-WP [WASHINGTON] President Barack Obama and Democratic lawmakers scouring for money to reduce the cost of comprehensive health-reform legislation cheered news on Saturday that drugmakers have agreed to squeeze US$BO billion out of revenue over the next decade. Leaders of the
      LAT-WP; BLOOMBERG  -  647 words

  • AVIATION/SHIPPING
    • 795 21  -  YEN SREENIVASAN COMMENTARY Carriers should be allowed to merge, scale up and raise capital to avoid close-downs AMERICAN planemaker Boeing announced just one order at the recently held Paris Air Show that from MC Aviation Partners for two 737-800s. Meanwhile, Airbus announced firm orders for
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    • 317 21  -  VINCENT WEE Plane is the most modern wide-body long-range freighter [SINGAPORE] DHL Express's Aero Logic joint venture cargo airline with Lufthansa Cargo got off the ground officially yesterday with the delivery of its first Boeing 777F and the receipt of an Air Operator
      317 words
    • 272 21 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted its first decline in seven sessions on weaker demand for so-called panamax vessels. The ships, able to haul about 100,000 metric tons of goods, compete with capesize
      Bloomberg  -  272 words
    • TRANSPORT STOCKS
      • 102 21 '000 lun CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KTVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.49 0.25 1.35 0.50 1.22 0.65 0.05 0.40
        102 words
      • 34 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.95 8.60 8.60 3.18 2.76 unch 0.09 unch 0.05 0.05 0.08 0.01 unch -0.01 37! 301 83) 61! 7411
        34 words
      • 12 21 ■oo 'recious Ship Regional Cont .16.20 ...9.15 0.50 0.80 3541 6501
        12 words
      • 11 21 '000 Doil iingamas Cont .31.25 ...0.91 -0.10 134: -0.01 *****
        11 words
      • 22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.10 15.50 unch unch unch unch unch unch 101 B53 0 0
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      • 20 21 Km Evergreen Marine ...16.00 :irststeamship 44.70 /Van Hai Lines 14.55 t'ang Ming Marine ..11.50 0.40 0.80 0.05 0.20 11
        20 words
      • 38 21 '000 lun fen :awasaki Hvylnd...271.00 -7.00 ***** :awasaki Kisen 427.00 14.00 848: Mitsubishi Hvy 398.00 unch 3308: Mitsui Eng&Sbldg ..228.00 -1.00 596: Mitsui OsR Lines ....649.00 8.00 2020' Jippon Express 418.00 4.00 3471 JipponYusen 427.00 1.00 *****
        38 words
    • 316 21 Reuters [PARIS] European nations are divided over conditions for a new round of talks on the delayed A4OOM troop plane and are racing to ease the deadlock ahead of a ministerial meeting today, sources following the matter said on Friday. After threatening
      Reuters  -  316 words
    • 2667 21 AIRLINE CODES: AA American Airlines (AA AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bang -'h Airlines (BBC), Bl Rcyal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU),
      2,667 words
  • Page 21 Miscellaneous
    • 284 21 CRYPTIC CROSSWORD 4 Chief of the Air Staff met with an acceptable confederate 1 H 8 Relative's a showy parent (8) I- M 0 9 Actor goes in a certain direc- Jj IH H H 13 Calm sleep sounds complete __HH__HB__HH__HH__M_ 1 5 Neatly bourgeois; however, l^ l^ follow orders
      284 words

  • SINGAPORE STOCKS
    • 9130 22 Weekended: Jun 19 52-wks Tel |h Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Hi; Com| )an] 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 15 5.5 1938 AEI Corp 8
      9,130 words
    • 1754 23 52-wks Tel High Low Code Last Sale Vol Week Last Quote Div ('000) High Low Buyer Seller C'vr 'Id Net P/E ICap Smil Company 19 5 1181 s AAGrp 32 12 8538 t APStrategic 4 0.5 1501 s Advanced System 8.5 2 3480 t Adventus 27.5 8.5 3518
      1,754 words
    • 384 23 Hii Low Code Comi Sale 1000) Hii Low Bm Seller Cvr P/E imil 109 100 6389 ABFSG Bond ETF 109 unch 905 427 CIMBAsean40 100US$ US633 -20 246 149 DBS STI ETF 100 228 -10 2772 1682 DBXT FTChina25 10US$ US2600 -152 5268 3228 DBXT FTVietnam 10US$ US4768
      384 words
    • 247 23 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
      247 words
    • 101 23 i Land 3.550 +0.050 iMall 1.310 +0.010 :it' 8.770 +0.270 ■omfortDelGro 1.260 -0.010 Con 1.350 +0.040 iBS Gr| 11.640 +0.140 :SN 3.740 +0.070 ientini SP 0.655 +0.010 iolden At iri 0.390 KLand 3.260 +0.040 JMH 24.300 +0.900 JSH 13.700 +0.400 Jardine CSC 17.500 +0.540 Con 6.690
      101 words
    • 98 23 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 14 1 0 0 0 3 14 1 lanufacturini 38 153 32 21 43 174 41 Commerce 14 52 14 20 61 19 r/O ms 30 10 32 :inance 22 22 instruction 12 14 'ro|
      98 words
    • 117 23 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 119,067 119,067 364,513 364,513 lanufacturini 1,533,636 387,739 1,921,375 900,533 21,837 922,370 Commerce 881,220 94,248 975,468 516,242 37,034 553,276 'pt/Stor/Comms 881,091 1,209 882,300 1,189,233 166 1,189,399 :inance 176,434 91 176,525 1,221,009 1,221,014 Construction 622,259 74,827 697,086 80,590 1,269 81,859 'ro|
      117 words
    • 2662 23 Transaction date: Jun 19 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway feia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,662 words
  • Page 22 Advertisements
    • 32 22 /l¥TllUli/l ADC UTf ITUT^ y»Hv:^^^^*^ -VIPWS «fe I »'Mi^jiMßßikTiyHy 1 ft^^r flB O I 11— L. lIN t/\v^ 11_l_t INI I on r\i t i\ For enquiries, Tel (65) 6238 6678~www.audemarspiguet.com j**—i^B^PfrfJ
      32 words

  • Page 23 Advertisements
    • 28 23 Insiders'trades. Brokers'recommendations. TIJC Rl ICIMECC Tll\/lEC Dividend table. The pages also cover transactions Int DU3IIMC33 IMVICj by directors and substantial shareholders. In other words, news you can use.
      28 words

  • FINANCE & COMMODITIES
    • 360 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 19 World Index Preliminan 701.5 0.8 3.5 0.7 5.9 0.8 5.0 EAFE Preliminai 669.6 1.0 3.1 0.9 6.5 1.0 5.5 Euro[ Preliminan 917.4 1.1 0.6 1.0 5.9 1.1 4.9 Pacific 584.1
      360 words
    • 124 24 As at 9am Jun 19 >f foreign currency: lurrencies Bid Offer iust dollar 1.1550 1.1900 .an dollar 1.2770 1.2920 luro 2.0100 2.0360 IZ dollar 0.9220 0.9430 iterlini ind 2.3630 2.3900 JS dollar 1.4460 1.4630 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer Ihi
      124 words
    • 170 24 Jun 19 fer Overnight 0.05 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.10 US$ Offer 0.02 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.35 0.42 0.75 0.85 1.10 1.70 1.80 Offer 0.25 0.32 0.45 0.55
      170 words
    • 17 24 Jun 19 ten >TI ilMSCI Jun 269.9 275.9 274.5 'aiwan Jun 224.2 226.2 225.4
      17 words
    • 21 24 Jun 19 Bid Offer 1-month 1.4555 1.4569 2-months 1.4554 1.4568 3-months 1.4554 1.4568 6-months 1.4552 1.4568 Source: OCBC
      21 words
    • 176 24 Jun 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 lots) Jul 09 167.3 Aug 09 Sep 09 Oct 09 NOV09 Dec 09 167.2 167.2 165.2 163.2 161.2 161.2 161.2 68 76 506 630 650 1096 986 1286 TSR 20
      176 words
    • 89 24 Jun 19 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****A 17.09.09 1-Year BY*****W 03.05.10 0.24 0.34 0.16 0.16 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year
      89 words
    • 99 24 Jun 19 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1179.00 1213.75 1225.75 1175.50 AugO9 1120.00 1150.25 1162.00 1117.00 Sep 09 1050.50 1082.50 1089.00 1050.00 Nov 09 1006.00 1043.50 1050.00 1004.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 36.53 36.95 37.15 36.35 AugO9
      99 words
    • 77 24 CRUDE OIL PRODUCTS Jun 18 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.94 1.00 WTI (Near Mth) 71.39 0.44 Dubai (1-Mth F) 70.55 1.42 Tapis blend 75.30 1.15 Minas 73.10 1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S6.32 80.30 -0.13 2.40 US$/barrel Opec Oil
      77 words
    • 449 24 Jun 19 iuro 'en (on 'eso lam 'ouni Australia 0.909 5.496 0.577 6.231 38.797 83.214 0.778 10.218 2.843 1.257 65.245 38.910 1.171 6.537 0.873 26.425 27.477 0.491 0.804 Canada 1.100 6.045 0.635 6.854 42.673 91.528 0.856 11.239 3.127 1.383 71.763 42.797 1.288 7.190 0.961 29.065 30.222 0.540
      449 words
    • 76 24 Jun 19 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • 157 24 Jun 19 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1700 1.1713 0.8039 0.8041 Canadian dollar 1.2867 1.2885 0.8841 0.8846 Euro 2.0264 2.0286 1.3923 1.3926 NZ dollar 0.9301 0.9323 0.6391 0.6400 Sterlini ind 2.3810 2.3837 1.6360 1.6364
      157 words
    • 138 24 Jun 19 (US! f/oz) Jun 18 Jun 19 Hong Kong London 439 936.10 932.50 937.10 933.50 Jun 19 Jun 18 935.15 936.70 935.95 937.50 Source: Thomson Reuters CAST BAR (S$) Jun 19 Buying Sellim Kilobar "47,101.40" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm
      138 words
    • 67 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1650.50 1612.25 3 months 1680.00 1642.00 Copper, Grade A (US$/tonne) Cash 3 months 5008.75 5030.00 4947.50 4970.00 Lead (US$/tonne) Cash 1671.50 3 months 1695.00 1650.00 1675.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      67 words
    • 71 24 Jun 19 Close Prev Hii ih/Low Jul 09 1570 1619 1627/1566 SepO9 1601 1637 1649/1598 Dec 09 1607 1636 1646/1604 Mar 10 1603 1632 1639/1599 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1344 1437 1438/1300 SepO9 1370 1465 1463/1325 Nov09 1391 1485 1477/1350 SUGAR (US tonne) White Close Prev
      71 words
    • 63 24 Jun 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Jul 09 2330 2315 2345 2307 556 4654 AugO9 2302 2286 2320 2276 1505 ***** SepO9 2310 2285 2318 2274 7569 ***** Oct09 2317 2285 2317 2274 694
      63 words
    • 288 24 Jun 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.2000 98.8700 98.5600 98.1650 ***** 3285 4904 2074 EUROYEN TIBOR FUTURES SepO9 99.495 99.495 DecO9 Mar10 Jun10 Sep10 DedO Mar11 Jun11 99.495 99.495 99.500 99.490 99.465 99.410 99.365 99.280 99.220 137 211 201
      288 words
    • 2635 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 3.5 -0.5 ***** >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital Ltd W*****7 7 unch 401 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 12 unch 100
      2,635 words

  • Page 25 Advertisements
    • 3121 25 Shipping Times tf B^V B^^W Iffffl cfSBI WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M W S^J^l W R'ftM gSlWrr^'^TO'rlllllMß %TxLl\ lAf A M MAI lIMFC TEL *****588 (14 LINES) FAX:6224H63 IJ^ *L- 1 11 I IMl^ll^l S^P^WWBBHBPtHH HP^MRWMiI^nNiS V\ «H I WAN HAI INtj FVL TEL: <03) *****88S FAX:
      3,121 words

  • Page 26 Advertisements
    • 3193 26 FSWEHBEI^^^^^^I In E EASTERN CAR LINER, LTD I[^ 3(£?2S^W I fl—-_-"__l specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I P >l^''l^rt^IpSpHrSERVICE*^ AMX SERVICE C.nne<ting ECL Sv< via MALTA I TillSsW^ T -Eg!!!^M]- ""ff1"' "j 1 K." «LM' MCEPHHii. OIIKHIER!- :i <[[ HORIHERH «HD WEMERH IHDWHICD
      3,193 words

  • BizlT
    • 458 27  -  WINSTON CHAI IDA is currently looking to resolve the interoperability hurdle here IF things go its way, smartcard giant Gemalto could well become the crucial missing link behind Singapore's mobile payment vision. The company has been in discussions with the Infocomm Development Authority of
      458 words
    • 426 27 Reuters [BEIJING] China's Internet watchdog on Friday ordered Google to stop overseas websites with "pornographic and vulgar" content from being accessed through its Chinese-lan-guage search engine. The China Internet Illegal Information Reporting Centre had told Google to "make immediate changes" and
      – Reuters  -  426 words
    • 326 27 Bloomberg [CALIFORNIA] Intel Corp previewed some of its research projects, including car-safety technology and software that can detect inaccurate news stories, efforts designed to eventually boost chip sales. Intel, the world's largest semiconductor maker, employs about 1,000 researchers at 10 locations around the
      – Bloomberg  -  326 words
    • 506 27  -  ONG BOON KIAT AS Singapore embarks on its new initiative to forge future multimedia content and applications, a homegrown technology could add to the push by making it easy to distribute movies and other multimedia content to the growing multitudes of viewing devices, ranging from mobile
      506 words
    • 261 27 -AP [SAN FRANCISCO] Google Inc loves 23andMe Inc, a biotechnology start-up conceived by co-founder Sergey Brin's wife. In its latest showing of financial affinity, Google disclosed last week that it has invested another US$2.6 million in a company that analyses people's DNA
      -AP  -  261 words
    • <what's up>
      • 80 27 EXPECT a crush of cyber games enthusiasts and trade visitors at Suntec Singapore from July 3 to 5, when some 90,000 visitors from the gaming public and 1,500 media professionals are expected to throng the Games Xpo 2009. The event incorporates an exhibition and
        80 words
      • 134 27 FIVE members of pan-Asian telecoms operator group Conexus Mobile Alliance, including Star Hub, have joined hands to encourage software developers to board the budding Google Android mobile phone platform. In anticipation of the flood of Android devices from major handset brands soon, Star Hub,
        134 words
      • 87 27 YOUTHS worldwide can soon learn about sports, culture and Olympic values, as well as interact with each other through online games all done in a snazzy 3-dimensional virtual world that aims to promote Singapore and the Singapore 2010 Youth Olympic Games (YOG).
        87 words
      • 68 27 PACIFIC Conferences is holding a two-day social media marketing workshop from Aug 27 to 28 at the Holiday Inn Atrium. Targeted at digital marketing practitioners, the workshop will feature case studies from companies such as Nestle, Nikon, MasterCard, Intel and Microsoft and others. For more
        68 words
    • 721 28 THE BUSINESS OF INFOCOMM TECHNOLOGY It wants services business to rake in about 40% of its overall revenue from the current 25%, reports ONG BOON KIAT THE desire for more sustainable and recurring income has fuelled a significant services business push by Singapore Technologies
      721 words
    • 733 28  -  KENNETH JAMES &lt;we say&gt; PICTURE a series of walls that make up a screen displaying a scene of oldenday Singapore. In the scene, a junk rocks gently in the Singapore river. People are going about their business on the cobbled street by the river. So
      PLAYWARE STUDIOS ASIA  -  733 words
    • <what's new>
      • 135 28 SAMSUNG last week unveiled a raft of new smartphones at the CommunicAsia event, including its first Android-based mobile phone, that are set to tease gadget lovers into parting with their money in the coming months. Powered by the Android operating system is the powerful *****, which
        135 words
      • 98 28 SINGAPORE-BASED OLLO Technologies has launched theKube, a thumb-sized MP3 player that is shaped like a cube and weighs a mere 18 grams. The device comes with 2GB of built-in memory and this can be expanded up to 32G8 via a built-in microSD card slot. Despite
        98 words
      • 136 28 OLYMPUS' new line of lens-swappable digital cameras, the unique Pen E-Pl, will soon be available in Singapore. Compliant with the new Micro Four Thirds System standard announced last year, the Pen E-Pl is said to offer image quality on par with high-end Digital Single Reflex
        136 words
      • 141 28 THE world's first transparent phone, the LG-GD9OO Crystal, wows not just with its see-through sleekness but also with its touch technology. Its fully transparent alphanumeric keypad doubles up as a touchpad, working like the ones on notebook computers. What's more, it recognises handwriting, responds to multi-touch
        141 words
  • Page 27 Advertisements
    • 295 27 JL^I V^&gt;/ JL W*-J JLj t3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg LOST SHARE CERTIFICATE(S) Notice is hereby given that the following share certificates have been reported lostWBL CORPORATION LIMITED (Incorporated in the Republic of Singapore) IVIOTIOC HE DCnCIWIDTIOIVI (Company Registration No.: *****0028Z) IM\J I ll#C UP tICIiCIVIr I IVJIM
      295 words

  • Page 28 Advertisements
    • 50 28 LwJ HH I toSiun Partner MM Ad Van t Q g e I»3Vj I IL riV^l*] Ml I L*J Llll Il\ I '(*I*I 1-1 IfaJ S Ib- I ■■■■■■■■■■■■■■■HI M^BBHHyi nil f*»- i^ g| Get the new Sun Storage 7000 Unified Storage Series now! fllfc-^'W R&gt;-^c .oStiZV iS 'WjggßM^BMß&^- "■&gt;'■■■.
      50 words
  • Page 28 Miscellaneous