The Business Times, 29 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 Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Monday, June 29,2009
    20 words
  • 728 1  -  KALPANA RASHIWALA Property consultants report a marked pick-up in leasing deals By [SINGAPORE] The average monthly prime Grade A office rental fell 11 per cent quarter on quarter to $9.50 per square foot (psf) in the second quarter, slower than the 28
    YEN MENG JIIN; Jones Lang LaSalle Research, 2009  -  728 words
  • MARKETS DIGEST
    • 50 1 >T Index 2,317.95 +44.77 1 COMP 1,075.77 +16.27 IIKKEI225 9,877.39 +91.1 3 1ANG SENG 18,600.26 +679.33 SET INDEX 595.80 +6.82 JAKARTA COMP 2,040.19 +49.72 1ANILA COMP 2,477.44 +79.14 ;eoulcomp 1,394.53 +11.19 iHENZHEN B 486.66 +17.30 IUMBAI IND 14,764.64 +242.75 )OW 8,438.39 -101.34 IASDAQ 1,838.22 +10.75 ;&P 500 918.90 -2.33
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.303 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ per US$) 1.455 (US$/S$ per 1.647 2.398 EURO (US$,S$/E) 1.403 Foreign currency per US$ 2.042 S$ 'EN 95.90 65.90 3.531 2.426 IK$ 7.750 5.325 !AHT 34.06 23.40 lUPIAH 10,210 7,015 lENMINBI 6.835 4.696 INDIAN RUPEE 48.44 33.28 1.242 0.853 IZ$ 1.554 1.068
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  • 470 1  -  UMA SHANKARI Credit Suisse revises downward its initial estimates for a foreigner exodus By expected," said Ms Song in the report. This also means that private home prices will not be as badly hit as the firm predicted just six months ago. Credit
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 46 1 BizlT t- 3f CHINA DINING OUT fT COMPANIES Spore firms eyeing China growth seen New menu at Jjf Steady as she software-as-a-service topping 9% in 2011 Gordon Grill A Ml goesatFJß PAGE 28 /SMißlraMl PAGE 16 PAGE 13 PAGE 5 VIEWS FROM THE TOP PAGES 10,11
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  • TOP STORIES
    • 481 2  -  CHEW XIANG Allen Gledhill deputy head of restructuring is latest to join By [SINGAPORE] Stamford Law has hired five new partners in the last six months, bucking the trend in an industry that benefited greatly from the financial industry boom in
      481 words
    • THREE-MINUTE DIGEST
      • 72 2 THE average monthly prime Grade A office rental fell 11 per cent quarter-on-quarter to $9.50 per square foot in the second quarter, slower than the 28 per cent q-on-q slide in Ql 2009, according to property consulting group Jones Lang LaSalle. The latest
        72 words
      • 73 2 CREDIT Suisse, which predicted in January that 200,000 foreigners and permanent residents might leave Singapore in 2009 and 2010 on the back of job losses, now thinks that the foreigner exodus may not be as bad as it had expected. In a report
        73 words
      • 79 2 STAMFORD Law has hired five new partners in the last six months, bucking the trend in an industry that is now reeling from the global crisis. Ashok Kumar, previously deputy head of restructuring and insolvency at Allen Gledhill, joined Stamford Law
        79 words
      • 75 2 CASH-RICH Singapore investors, who have been picking up bargains on Wall Street after the crash in stock prices, are showing signs of fatigue along with other Asian buyers especially the Japanese. During the first three months of this year, net purchases of
        75 words
      • 66 2 DESPITE the challenging operating conditions, homegrown fashion retail group FJ Benjamin says that it is now fundamentally stronger than it has ever been. "We are a very different company today, compared to what we were during the Asian financial crisis 10 years ago
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      • 58 2 THE impact of the financial crisis is the most significant risk facing the insurance industry this year, says Ernst Young. Model risk and regulatory intervention are ranked the second and third most significant risks in the firm's second annual business risk report focusing
        58 words
      • 81 2 WITH most of the good news already factored in, Standard Poor's expects the second half of the year to be more challenging for Malaysia's equity market. Even so, it believes the worst of the recession is past, with the first quarter having copped
        81 words
      • 75 2 SINGAPORE firms are expected to show significant interest in adopting SaaS (software-as-a-service) applications provided by third party vendors this year, despite the downturn. Research by IDC shows that the Singapore SaaS market is expected to grow from US$6.4 million last year to US$B.2 million by the
        75 words
    • 555 2  -  OH BOON PING By [SINGAPORE] Amid the growing popularity of foreign exchange (FX) trading, leading providers chasing a bigger slice of the cake will make their presence felt in a big way at Invest Fair 2009. For instance, third-time participant CMC
      FILE PHOTO  -  555 words
    • 941 4  -  ANDREW MARKS WALL STREET INSIGHT Market hitting the half-year mark, but investors are holding back By in New York STOCKS battled their way to a near-draw last week after starting off with a big sell-off, leaving bulls and bears arguing over which camp has
      941 words
    • 479 4  -  LEE U-WEN By [SINGAPORE] Several senior members of Singapore's Cabinet, including Prime Minister Lee Hsien Loong, were up and about early yesterday morning to kick off the torch relay of the inaugural Asian Youth Games (AYG). The AYG flame began its two-day journey across
      ALBERT SIM/THE STRAITS TIMES  -  479 words
    • 620 4  -  CHUANG PECK MING By [SINGAPORE] Cash-rich Singapore investors, who have been picking up bargains on Wall Street after the crash in stock prices, are showing signs of fatigue along with other Asian buyers especially the Japanese. During the first three months of
      620 words
    • 486 4 Reuters [LONDON] Motor racing chief Max Mosley claims he is under pressure to stay on as head of Formula One's (Fl) governing body after opponents rushed to write his obituary following a peace deal last week. "They made the mistake of
      Reuters; AFP  -  486 words
  • Page 2 Advertisements
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      211 words
    • 13 2 CA TS Recruit t* The first door to your world of opportunities RECRUIT <
      13 words


  • Page 4 Advertisements
    • 936 4 A WATS AVIVA INVESTORS Societe d'lnvestissement Capital Variable (the "Company") Registered office: 34, Avenue de la Liberie, L-1930 Luxembourg R.C.S. Luxembourg B 32 640 NOTICE TO SHAREHOLDERS OF AVIVA INVESTORS ABSOLUTE BOND FUND (the ■Sub-Fund") Liquidation of the Aviva Investors Absolute Bond Fund We would like to inform you that
      936 words

  • COMPANY NEWS
    • 780 5 Despite the downturn, the retail group remains in expansion mode. VEN SREENIVASAN reports DESPITE the challenging operating conditions, homegrown fashion retail group FJ Benjamin says that it is now fundamentally stronger than it has ever been. "We are a very different company today, compared
      FILE PHOTO  -  780 words
    • 707 7  -  R SIVANITHY OVER the past two weeks, the issue of how outstanding naked short-sold positions are handled in the local stock market has come under a bit of heightened scrutiny. Specifically, the spotlight has fallen on the fines that the Singapore Exchange
      FILE PHOTO  -  707 words
    • 536 7  -  ZEINAB YUSUF Its associate firm expects the system to be fully implemented by some retailers by 2010 By THE flip side of a problem in the marketplace is very often a business opportunity. Just ask Eddie Chng, chief executive officer of Equation Corp. To deter
      536 words
    • 265 7 COMPANY MEETING PLACE DATE TIME E3 Hldgs E 420 Beach Road, Singapore *****2 29-Jun 10.00am CMZ Hldgs A 168 Robinson Road Capital Tower, 9th Floor FTSE Room, Singapore *****2 29-Jun 2.30pm Transit-Mixed A Connaught Room, Level 2 Carlton Hotel, 76 Bras Basah Road Singapore *****8 29-Jun 10.00am Oriental
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    • 511 7  -  TEH SHI NING By WITH a hand in businesses from forestry and pulp to construction, United Fiber Systems is healthily diversified, CEO Jaka Prasetya says. "Investors typically don't like diversification but, especially in a downmarket, I think diversification works best for us," he
      511 words
    • 382 7 Jun26 BANKS ABN Amro Bank NV 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
      382 words
  • Page 5 Advertisements
    • 1238 5 SOCIETE GENERALE BANK TRUST A public limited company (societe anonyme) ASSETS 2008 2007 2008 2007 To the Board of Directors of Societe Generate Bank Trust S.A. Group Luxembourg Cash, due from central banks and post office accounts 1,660,835,919 434,420,731 Interest and similar income 2,714,062,712 2,460,712,300 Treasury bills 1,063 1,049 of
      1,238 words

  • SINGAPORE MARKETS
    • 695 6  - Bullish or bearish here's something for both viewpoints R SIVANITHY STOCKS POSSIBLY the best response to the Obama administration's proposals to expand the US Federal Reserve's powers came from US Senator Chris Dodd of Connecticut who said that giving the Fed more regulatory powers was akin to rewarding a son
      695 words
    • 407 6 -AFP CURRENCIES ASIAN currencies ended last week mostly higher against the US dollar after the US Federal Reserve maintained its stimulative monetary policy aimed at lifting the US economy out of recession. Japanese yen: The yen gained ground last week as the dollar faced
      -AFP  -  407 words
    • 482 6 Payment (cts) Ex Books Pay date close date tustraland Pro| 3.000 26-Jun 30-Jun 04-Aui Sembawang ak 2.000 24-Jul 28-Jul 07-Aui ian Leong Tech ak 0.300 30-Jul 03-Aui 21-Aui ioustead S[ )ore ak 2.500 04-AlH O6-AU( 20-Aui chemical Ind ak 1.500 26-Jun 30-Jun 13-Jul Cheung Woh Tech ak 0.200
      482 words
    • 332 6 AFP, AP COMMODITIES [NEW YORK] Oil prices fell on Friday as traders booked profits from a strong rally and fretted about lacklustre US consumer spending and new unrest in oil-producing Nigeria. New York's main futures contract, light sweet crude for delivery in
      AFP, AP  -  332 words
    • 1420 6 Source: Thomson Reuters Lonsensus no. ot i-orecasi mean t-n s recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlqreen Prope 'erties 3.00 2.58 12 5.21 18.80 0.77 0.99 ,RA Asset Mi 2.00 2.00 2 6.25 9.52 0.64 0.59 ,rmstroni Industrial
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    • 4 6 WEEKLY
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    • 62 6 Jun 26 VALUE CLOSE BT OB/OS -513.00+156.0 BT CADI -*****.00 +16.0 BT 10-day MA -*****.00 -51.0 FTSE ST Mid Cap 524.55 +2.93 FTSE ST Small Cap 428.04 -0.92 FTSE ST All Share 565.78 +3.46 FTSE ST China Top 243.06 +1.73 FTSE ST China 237.95 +0.84 FTSE ST
      62 words
    • 55 6 VOLUME China Honqxinq 449,252,000 Golden Aqri 387,019,000 Gentinq SP 199,430,000 MDR 156,026,000 Keppel Land 140,165,000 Jade Tech 127,787,000 Midas 124,691,000 Capita Land 120,107,000 UniFiber 110,920,000 SingTel 106,715,000 VALUE(S) DBS Grp 508,073,741 CapitaLand 442,855,323 SingTel 313,032,439 Keppel Land 308,516,420 UOB 257,601,270 OCBC Bk 238,356,575 SPC 216,932,980 SGX 211,350,910
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    • 100 6 BY CENTS CLOSE UP 9296 174.6 1.3 LD 10US$ IMH 2526 139.7 4.0 lardine C&C 1852 102.0 5.8 China H 10US$ 1423 88.7 4. ICBCCai :.93%Pref10 7800 80.0 1.' IK Land 363 53.8 11.3 •ain irm 585 46.6 5.: ISH 1402 46.6 2.3 IOB.ES.0906 1456 36.0 2.5 At ES.0906
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    • 130 6 BY CENTS CLOSE DOWN 1322-128.0 -8.8 STXPO 100 UOB 5.05%NCPS 100 9700-100.0 -1.0 DBXT FTVietnam 10US$ 4700 -98.9 -1.4 Omei iNav 1580 -80.0 -4.: DBXT FTChina25 10US! 2550 -72.7 -1.9 ixor Emerc |im |Mkts 1 760 -43.6 -3.: DBXT S&P Short 10US$ 6852 -26.2 -0.3 DBXT Ni 10US$ 9134
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    • 83 6 iere« S$ stands Jun 26 CHNG CLOSE FRJUI125 YR2009 S$ LOW S$ HIGH ISS 1.4552 0.12 1.5579 1.4308 iuro 2.0434 -0.45 2.0732 1.9150 'ounds 2.3990 -0.73 2.4000 2.0356 1.1710 -0.57 1.1816 0.9453 ren* 1.5177 -0.41 1.7278 1.4831 liah* 0.***** -0.18 0.***** 0.***** !aht* 4.2725 -0.10 4.3390 4.1040 'eso* 3.0160
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    • 2 8 INSIDE MARKETS
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    • 1350 8 Buyback, shareholder activity also flat, but the week sees several significant filings by institutional shareholders, reports ROBERT HALILI TRADING was flat last week among directors, with only 19 companies recording 50 trades worth $1.7 million. This was based on filings on the Singapore Exchange from June
      FILE PHOTO  -  1,350 words

  • Page 7 Advertisements
    • 21 7 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
    • 155 7 Call 6-222 6868 today ACCOUntServe tO find OUt hOW We Can aSSiSt yOU www.AccountServe.com.sg Routine Accounting SWAT Accounting GST Reporting XBRL Filing tfEEfiIQJ) Planning your group retreat? Be it Corporate Incentive, Conference Packages, Teambuilding, Free Easy..... The Leading Operator Book your group retreat with us today! Established 1985 ■i^^hJfe^ jfllEinUH
      155 words

  • Page 8 Advertisements
    • 191 8 NEWSPAPER ™f| ~t\ T .TTZI "itn DINING OUT I UIEWSFROM NAN YANG BUSINESS BfelT fit TUt Vt AD yilliQ %^l Mil M B^bl^^%^ W IH F1 bookings In an Asian region's survey on media preferences, key decision-makers here have ranked The Straits Times and The Business Times from Singapore Press
      191 words

  • SINGAPORE NEWS
    • 391 9  -  UMA SHANKARI E&Y ranks model risk and regulatory intervention as next significant risks By THE impact of the financial crisis is the most significant risk facing the insurance industry this year, says Ernst Young (E&Y). Model risk and regulatory intervention are ranked the
      391 words
    • 1087 9  -  MICHELLE YEO Ante upped this year with Japan residency programme award By THIS year's UOB Painting of the Year (POY) has taken off, with entries being judged this week and the results to be announced on Saturday. Will the winner spark a round
      1,087 words
    • 525 9  -  LEE U-WEN By LOOKING at our monthly utilities bill, we all know how much a unit of water costs. But what about the actual value of that precious resource? That is a question Len Rodman, a 40-year veteran of the
      525 words
    • 425 9  -  TEH SHI NING Tangible results of these activities will be announced today By IT was fitting that the second Singapore International Water Week (SIWW) closed on Thursday night with a dinner party beside Singapore's first city reservoir, the Marina Barrage. Michael Toh,
      ARTHUR LEE  -  425 words

  • VIEWS FROM THE TOP
    • 3128 10  -  Stefanie Yuen Thio THIS WEEK'S TOPIC Does Singapore need tougher measures to regulate financial institutions here and protect consumers of financial products? If so, what should these measures be, and how could they affect businesses? Loi Pok Yen Group CEO CWT Limited MY brother-in-law works in
      REUTERS; AFP; FILE PHOTO  -  3,128 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1308 12 Entrepreneurs can find it difficult to start and grow a new business. But temporary staff on fixed-term contracts are a great way to overcome the challenge, says MARTIN PALMER SINGAPORE is suffused with entrepreneurial spirit. Risk-takers raring to start and grow new
      AFP  -  1,308 words
    • 1165 12 CAMPUS LIFE Realising the importance of design, three students tell NG KOK KAI they're honing their skills in a degree course LOOK around you. This newspaper you're holding, the chair you're seated on, the lights above you. Design is all around us. Pervasive and
      1,165 words
    • 158 12 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
      158 words
  • Page 12 Advertisements
    • 46 12 citibank 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
    • 557 13  -  Jaime Ec NEW MENU Gordon Grill Goodwood Park Hotel 22 Scotts Road Tel: 6730-1744 SOMETIMES, when you're head chef of a restaurant well-known for hosting big-named chefs armed with an arsenal of Michelin stars you run the risk of having your restaurant known as a venue for visiting
      557 words
    • 621 13  -  Geoffrey Eu NEW RESTAURANT Umami Dining Lounge Social House, 177 River Valley Road #01-30 Liang Court Tel: 6333-1166 OPENING a new eatery in the current economic environment is daunting enough, but modern Japanese restaurant Umami also faces a set of special challenges posed by
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  • Page 13 Advertisements
    • 97 13 aqi^amarme l^^h HS? r Good times and great f00d... r^rrr] rrc 'rG rrrTTT^i.^ I^Lii 24-hoursaday I^Vl^^nßlF^l VVBrV^ Indulge your cravings day and night at Oscar's. Stop by for supper after a show. Discover why our Enjoy special advertisement rates flf K#f delectable dinner buffet is the talk of the townin
      97 words

  • ECONOMY WATCH
    • 810 14  -  ANTHONY ROWLEY Govt orders freeze on public offerings for parent banking, insurance units By in Tokyo THE privatisation of Japan's mammoth public postal savings, insurance and postal services empire one of the biggest exercises of its kind ever proposed and a symbol of
      BLOOMBERG  -  810 words
    • 525 14 -AFP [FRANKFURT] German banks are facing a firestorm of criticism from the government and industry federations that accuse them of threatening small businesses with their tight-fisted credit policies. More than 16,600 small and medium-sized companies in Germany failed in the first half
      -AFP  -  525 words
    • 627 14 -AFP [MELBOURNE] June 28, 2009 (AFP) Australia's banks are thriving as their global peers struggle but stand accused of "gouging" customers to keep themselves in the black, according to analysts. Treasurer Wayne Swan has cited the relative health of the banking sector as one
      -AFP  -  627 words
    • 920 14 -AP They are hoping for consumers to return to old spending patterns [WASHINGTON] Dayne Morris eats out less, cooks at home more. He hunts for online bargains and shops at discount stores. So when will he start spending freely again? "When I get a
      -AP; REUTERS  -  920 words

  • MALAYSIA/INDONESIA
    • 732 15  -  PAULINE NG MALAYSIA INSIGHT HAT would the country do without its national oil company Petronas, or more to the point, its earnings? Petronas posted a higher revenue of RM264.2 billion (*****.2 billion) for the year to end March 2009 mainly because of bigger sales
      732 words
    • 2095 15 Iun26 RM C000) A &M Realty 0.63 \bric Bhd 0.18 advance Synergy 0.15 Adventa Bhd 1.13 AeMuIti Hldgs 0.12 Win Holdings 1.71 Ahmad Zaki Resou 0.78 AicCorp 0.39 \irasia Bhd 1.17 Akn Technology 0.16 alliance Financi 2.32 aluminium Co 1.04 Amalgamated Ind 0.44 Ammb Hldgs Bhd 3.42 Amtel
      2,095 words
    • 493 15  -  PAULINE NG By in Kuala Lumpur WITH most of the good news already factored in, Standard Poor's (S&P) expects the second half of the year to be more challenging for Malaysia's equity market. Even so, it believes the worst of the recession is
      REUTERS  -  493 words
    • 316 15 Reuters [JAKARTA] Indonesia's PT Bumi Resources Tbk revised terms for one of three recent acquisitions after investors complained about corporate governance and a market watchdog said valuations were unfair. Bumi, part of the diversified Bakrie group, had planned to buy a 76.7 per
      Reuters  -  316 words
    • 177 15 Reuters [KUALA LUMPUR] Malaysia will announce this week liberalisation measures in the property sector and easing of rules for foreign listings on the stock exchange, a local newspaper reported yesterday. Prime Minister Najib Razak earlier this month said he would make significant
      Reuters  -  177 words
  • Page 15 Advertisements

  • GREATER CHINA
    • 665 16 Bloomberg Govt's 4 trillion yuan stimulus package having effect, will aid full recovery [SHANGHAI] China's economy will grow 8 per cent this year and achieve more than 9 per cent annual expansion in 2011, said Cheng Siwei, former vicechairman of the standing
      ■ Bloomberg  -  665 words
    • 146 16 Reuters [BEIJING] A private Chinese shoe manufacturer is in discussions with French attire maker Pierre Cardin for possible acquisition, a local newspaper reported yesterday. Guangzhou Jiansheng Trading Ltd, once a marketing agent for Pierre Cardin, expected the talks with the French firm to yield a
      Reuters  -  146 words
    • 107 16 AFP A WOMAN taking a cable-car ride down to the valley of Taihuai at Wutaishan in China's Shanxi province. The sacred Buddhist mountain ofWutai in China and Italy's Dolomite Mountains were among five new sites named to Unesco's World Heritage List on Friday Unesco said that Mount
      AFP  -  107 words
    • 519 16 Bloomberg [WASHINGTON] China lost a dispute at the World Trade Organisation (WTO) brought by the United States challenging the Asian nation's barriers to imports of movies, music and books, a US trade association executive said. "The US largely won the case," Dan Glickman,
      Bloomberg; BLOOMBERG  -  519 words
    • 353 16 Reuters [CHICAGO] The potential buyer of General Motors Corp's (GM) Hummer division will begin formal talks with Chinese regulators today in an effort to win approval for its acquisition, The Wall Street Journal reported on Saturday. China's Sichuan Tengzhong Heavy
      – Reuters  -  353 words
    • 230 16 AFP [BEIJING] China tightened its laws on Saturday on manipulating data and threatened "severe punishment" for officials who alter or falsify government figures, state media reported. An amended version of the law on statistics, which was first adopted in 1983, was passed by the standing
      AFP  -  230 words
    • 288 16 AFP [HONG KONG] Hong Kong has still to emerge from the effects of the global economic slowdown despite early signs of returning stability, the city's chief executive Donald Tsang said yesterday. Mr Tsang said that big challenges remained for the city, whose
      AFP  -  288 words
  • Page 16 Advertisements
    • 138 16 wurxm jjses St *%S UP CLOSE PERSONAL -V W TOPSTORV I > i*-=-o J SINGAPORE: STILL V >L_x^ Ti relevant in Lj*? 10-20'•'EARS? FiuErstoTiß -^£(!ljri'ij^ is digger m W SiUUt hKodmf! Cniii"l, "is ■J MusAStWarii* ~1 %r^L m m Is Singapore relevant in the next two decades? Get the answer
      138 words
    • 27 16 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES I
      27 words

  • INDIA
    • 715 17 AFP, Bloomberg Sale of three models each of the two UK marques begins in Mumbai today [MUMBAI] India's Tata Motors yesterday announced the entry of luxury British marques Jaguar and Land Rover into India, but insisted there were no plans to assemble them in
      – AFP, Bloomberg  -  715 words
    • 565 17 AFP Mumbai man among first 100,000 to own world's cheapest car [MUMBAI] When Ratan Tata, the head of India's Tata Motors, said the company was planning to build the world's cheapest car, he could have had in mind Maruti Jaywant Bhandare
      AFP  -  565 words
  • Page 17 Advertisements
    • 2934 17 w WATS X^l V^>/ J_ J_^^ J»J k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg rmnr SMRT CORPORATION LTD MMM (Incorporated in the Republic of Singapore) (Company Registration Number: *****1855H) Notice of Annual General Meeting To: All Shareholders NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company
      2,934 words

  • ASIA-PACIFIC
    • 532 18 ■AP Thousands gather in Bangkok to hear him speak via phone link from abroad [BANGKOK] Former prime minister Thaksin Shinawatra lamented that he was "really lonely" in self-imposed exile and urged thousands of cheering supporters to help him return to Thailand "to serve
      ■AP; AP  -  532 words
    • 356 18 -AP [SEOUL] North Korea has threatened to shoot down any Japanese planes that enter its airspace, accusing Tokyo of spying near one of its missile-launch sites. The North has designated a no-sail zone off its eastern coast from June 25 to
      -AP  -  356 words
  • Page 18 Advertisements
    • 72 18 property m fl JjM Ufl J V^^^l *Jr^^"^^aT I a^al I II blb^bW b^i^^Sl I I A /jIEU A B fl J ii T^ f M Jft P J I Jp If II Mf-fiF~~ «*C^ fl m MHbVMblb^_^- 1 The Leading C^EyE^^ Online Marketplace w I Cars. Jobs. Property. Shops.
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  • WORLD
    • 458 19 Britain demands their release, calls arrests 'harassment and intimidation' [TEHERAN] Authorities in Teheran have detained eight local British embassy staff, Iranian media said yesterday, underscoring the hardline leadership's effort to blame post-election unrest on foreign powers, not popular anger. Britain called the arrests
      458 words
    • 375 19 Reuters [ZURICH] Switzerland's ÜBS is to pay 3 to 5 billion Swiss francs (Ss4 to 556.7 billion) in the next two weeks to settle a US tax probe into the bank, Swiss newspaper Sonntag reported yesterday. The United States government
      Reuters  -  375 words
    • 380 19 -AFP Accord to preserve some legal claims against firm: report [WASHINGTON] The US Treasury Department is close to striking an agreement with struggling auto- 1 maker General Motors to 1 preserve some legal claims against the company, The 1 Washington Post reported
      -AFP  -  380 words
    • 479 19 AFP [BASEL] The head of the international body tasked with restoring stability to the world's financial system said on Saturday that the system had improved significantly but was "not out of the woods yet". "We are more or less back
      AFP; REUTERS  -  479 words
    • 630 19 Bloomberg June 29 deadline is 'blackmail', it says in a statement [BERLIN] Porsche SE supervisory board chairman Wolfgang Porsche balked at an ultimatum from Volkswagen AG and the state of Lower Saxony to agree on a blueprint for the merger of the
      Bloomberg; REUTERS  -  630 words
    • 417 19 Xinhua [LONDON] Record numbers of A-level students in Britain, including thousands with straight-As, will be rejected by universities this summer as applications soar in the recession, according to the Daily Telegraph on Saturday. Research by the daily paper suggests demand for
      Xinhua  -  417 words

  • LIFE AFTER JACKSON
    • 621 20 -AFP Items available for sale range from Web domain names to concert ticket stubs [WASHINGTON] Like Elvis before him, Michael Jackson is topping the charts in death as in life. And the "King of Pop" is rivalling the "King of Rock 'n'
      -AFP; AP  -  621 words
    • 633 20 -AFP [LOS ANGELES] Michael Jackson's death has lifted a veil on the sinister underbelly of fame, with associates of the pop icon hitting out at celebrity-dazzled doctors who funnel powerful narcotics to the stars. Jackson, who died on Thursday aged 50 after collapsing
      -AFP  -  633 words
    • 1022 20 ■AP [LOS ANGELES] Given the secrecy surrounding Michael Jackson's children throughout his life, it's no surprise that there are lingering questions about who will care for them after his death. What is almost certain is this: Their fate will be decided in a courtroom, with
      ■AP; REUTERS  -  1,022 words

  • SHIPPING/AVIATION
    • 722 21 -AFP Laden bulk carriers jam ports, but weak exports force lay-up of container ships [SHANGHAI] The scene where Shanghai's river meets the sea is a snapshot of China's battle against the financial crisis as well as the site of the port the
      -AFP; AFP  -  722 words
    • 423 21 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted its biggest weekly drop since April as demand for iron-ore transporters weakened. The index tracking transport costs on international trade routes was unchanged on Friday at 3,703
      – Bloomberg  -  423 words
    • 414 21 Bloomberg [SHANGHAI] China Shipping Container Lines Co, the country's second-big-gest box carrier, plans to almost double rates on Asia-Europe routes next month to help offset possible losses on weakening demand. "Companies will raise rates, not because the market has recovered, but because the
      Bloomberg  -  414 words
    • 262 21 LAT-WP [LOS ANGELES] US airlines are hiking fares as leisure travellers who stayed home amid the economic malaise are getting back in the air. In the past two weeks, carriers have raised domestic plane tickets twice by an average of US$lO to
      LAT-WP  -  262 words
    • 2648 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW). BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,648 words
  • Page 21 Miscellaneous
    • 223 21 CRYPTIC CROSSWORD ACROSS ?1 vehicle (7) 25 Simian trained a kelpie (7) 26 Neckwear of cloth (8,6) 7 What might be regarded as analeptic, in toto? (6,9) YESTERDAY'S SOLUTION DOWN 8 Body of writing matter it's a 1 Hot flan overcooked very surprise to overlook (6) Ac!' oss! 1 V^
      223 words

  • SINGAPORE STOCKS
    • 9012 22 Week ended: Jun 26 Hi! Low Code Com| )an] Sale Cooo) Hi: Low Bu; ?er Seller C'vr •k P/E Smil 9 3 3148 8Telecom 10 2.5 5834 A-Sonic 29 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8 1 1100 AEM 23 7 2101 APOil 71 26.5 5550 ARA
      9,012 words
    • 1696 23 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 sAAGrp 32 12 8538 t APStrategic 4 0.5 1501 s Advanced System 8 2 3480 t Adventus 27.5 8.5 3518 s Afor 13.6 2 1524 t Alantac 19.5 3.5 7814 t
      1,696 words
    • 398 23 52-Wk Tel h Low Code Last Sale Vol COOO) Week 111 Low Last Quote Buyer Seller Div GrYld C'vr Net P/E MCap Slllil _Hm Conn _Hm 109 100 6389 ABFSG Bond ETF 107.1 -1.9 905 427 CIMBAsean40 1OOUS$ US646 +13 246 149 DBS STI ETF 100 232 +4
      398 words
    • 250 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
      250 words
    • 92 23 Capita Land 3.750 -0.020 JMH 25.260 +0.460 SIAEngg 2.840 +0.030 :apitaMall 1.390 +0.010 JSH 14.020 +0.220 SMRT 1.680 +0.010 NtyDev 8.930 +0.130 Jardine C&C 18.520 +0.300 SPH 3.100 +0.020 1.280 Keppel Corp 6.960 +0.210 ST Engg 2.440 +0.010 Corp 1.290 NOL 1.570 +0.050 SembCorp Ind 3.090
      92 words
    • 100 23 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 5 4 0 0 0 9 5 4 lanufacturini 67 93 60 11 15 78 102 75 Commerce 30 29 20 36 34 25 r/O ms 16 21 16 22 :inance 15 14 15 14
      100 words
    • 106 23 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 68.747 68.747 224.713 224.713 lanufacturing 1.549.093 271.198 1.820.291 1.054.876 13.240 1.068.116 Commerce 487.356 24.534 511.890 387.324 12.818 400.142 it/Stor/Comms 618.008 1.995 620.003 960.360 340 960.700 :inance 170.422 170.422 1.241.771 1.241.771 Construction 301.205 17.897 319.102 71.835 338 72.173 ■to] 641.038
      106 words
    • 2657 23 Transaction date: Jun 26 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
      2,657 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 lIVICj by directors and substantial shareholders. In other words, news you can use.
      28 words

  • FINANCE & COMMODITIES
    • 369 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jun26 World Index Preliminan 695.7 -0.2 2.6 0.2 5.4 0.4 4.. EAFE Preliminai 664.2 0.2 2.3 1.2 6.5 1.4 5.! Euroi Preliminan 902.1 -0.2 -1.0
      369 words
    • 120 24 As at 9am Jun26 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1620 1.1970 .an dollar 1.2540 1.2690 luro 2.0300 2.0530 IZ dollar 0.9300 0.9490 iterlini ind 2.3780 2.4050 JS dollar 1.4470 1.4630 .ocal dollars to 100 units if foreign currency:
      120 words
    • 153 24 Jun26 )vernight I-month '-months 3-months Overnight mode: 3/8 JS$ 3/16 7/16 9/16 11/16 Offer 1/16 3/16 5/16 7/16 Bid Hays I month > months months d months months I I. (All 0.38 0.42 0.75 0.85 1.15 1.70 1.80 Offer 0.28 0.32 0.45 0.55 0.85 1.40 1.50 Bid month
      153 words
    • 15 24 Jun2S STI IIMSCI Jun 273.8 278.4 276.1 "aiwan Jun 232.6 236.9 234.6
      15 words
    • 20 24 Bid Offer -month 1.4549 1.4564 !-months 1.4549 1.4565 i-months 1.4548 1.4565 >-months 1.4548 1.4566 Source: OCBC
      20 words
    • 58 24 Jun26 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position lul 09 2344 2345 2367 2325 476 Hug 09 2338 2325 2353 2301 1939 >epO9 2340 2319 2349 2296 7698 3d 09 2328 2315 2342 2299 1358 Total o/p: ***** contracts Turnover: *****
      58 words
    • 290 24 Jun2S EURODOLLAR FUTURES Sep09 Dec09 Mar10 Jun10 99.3000 99.0700 98.7900 98.3900 ***** 3695 4604 2855 EUROYEN TIBOR FUTURES Sep09 99.500 99.500 Dec09 Mar10 99.510 99.510 Jun10 Sep10 DedO Mar11 Jun11 99.500 99.510 99.505 99.515 99.505 99.485 99.430 99.385 99.300 99.240 505 25 20 9656 2694 2475 1043
      290 words
    • 192 24 Jun 26 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lul 09 166.5 \ug 09 iep 09 DctO9 161.5 \lov09 161.5 Dec 09 161.5 165.0 161.5 161.5 161.5 164.9 164.5 163.5 161.5 161.5 161.5 84 40 44 18 18
      192 words
    • 87 24 Jun26 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****E 24.09.09 1-Year BY*****W 03.05.10 0.25 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's ah Low Hii 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****X 3.125
      87 words
    • 98 24 Jun26 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1201.00 1196.00 1209.75 1194.75 Aug 09 1128.00 1127.00 1140.00 1126.00 Sep 09 1046.00 1052.00 1062.00 1042.00 Nov09 991.00 1002.00 1009.25 989.50 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 36.08 36.54 37.14 35.91 S.ug 09
      98 words
    • 74 24 CRUDE OIL PRODUCTS Jun2S origin! t/barrel Close Cham irent blend (1-Mth F) 69.33 0.29 VTI (Near Mth) 70.28 2.21 iubai (1-Mth F) 68.53 0.53 "apis blend 72.90 0.45 i/linas 70.45 0.45 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 65.45 76.40 -0.5I -0.3I US$/barrel )pec Oil Basket Price 68.01
      74 words
    • 447 24 Jun 26 iuro 'en (on 'eso lam 'ouni Australia 0.927 5.505 0.574 6.242 39.014 82.231 0.773 10.358 2.844 1.252 65.523 38.907 1.172 6.448 0.879 26.538 27.432 0.489 0.805 Canada 1.079 5.938 0.619 6.733 42.083 88.702 0.833 11.173 3.068 1.350 70.679 41.968 1.264 6.955 0.948 28.626 29.590 0.527
      447 words
    • 69 24 Jun 26 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2 yrs 1.*****
      69 words
    • 148 24 Jun26 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1715 1.1730 0.8053 0.8055 Canadian dollar 1.2635 1.2654 0.8686 0.8690 luro 2.0412 2.0435 1.4032 1.4033 IZ dollar 0.9358 0.9371 0.6433 0.6435 Sterlinc 2.3962 2.3991 1.6472 1.6475 IS dollar 1.4547 1.4562 >$IUS$ to
      148 words
    • 129 24 Jun 26 -long Kong .ondon 942.80 933.30 943.80 934.30 Jun 25 Jun 26 935.35 940.20 936.15 941.20 Source: Thomson Reuters CAST BAR (S$) Jun26 Buying Sellim Kilobar "47,269.39" ***** PAMP GOLD BARS (S$) Selling Buying gm jam ugm !0gm JOgm Ougm oz ozUBS Kinebar™ 105.93 300.67 537.14 1011.15
      129 words
    • 61 24 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1611.75 months 1644.00 1653.25 1685.00 Copper, Grade A (US$/tonne) :ash months 5020.50 5035.00 5118.00 5130.00 .ead (US$/tonne) :ash months 1698.25 1715.00 1720.00 1739.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • 73 24 Jun26 (£/tonne) Close Prev Hii ih/Low ul 09 1605 1622 1623/155! iepO9 1631 1649 1653/158! Dec 09 1637 1654 1654/159 War 10 1636 1650 1647/160' IOFFEE (US$/tonne) Close Pev High/Low ul 09 1270 1288 1304/125' iepO9 1294 1313 1330/1271 Mov09 1318 1335 1352/1301 SUGAR (US tonne) White Close Prev
      73 words
    • 2637 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 5 1.5 2471 >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital Ltd W*****7 7.5 0.5 62 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 12 >878Aztech Systems
      2,637 words

  • Page 25 Advertisements
    • 2990 25 m The Business Times Shipping Times 4k JB8SH!8 ffffHß IBHH WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M PV E ■ISw^rl'^Sia'niTm'iSiß VTli\iaiam iiai iiiirr «L6226issB ihlines) fax:*****163 il^r^™ IV. V ?A"1 If7E^TIH LT^ff^iffWßßßffHM Ut-BSffiBSKsfPwiSS&KB V\\l^t I WAN HAI INtj FVL HL (03| *****8»8 FAX:(O3) *****28s PEN TEL:<O4) *****00 FAX: (04)*****99
      2,990 words

  • Page 26 Advertisements
    • 3270 26 r**VHBXBH9I^B9iHI In c eastern car liner, ltd inn infiFT^- I \f-~L- A specialize in roro heavy lift UPTO 450 tons~| I WEEKLY EXPRESS SAILING SCHEDULE I I ■F|7TWTTTTTF rR^^H 1 1 1 1 1 1 1 PCL/PHL SERVICE AMX SERVICE Connoting ECL Sv< via MALTA ?SS!SP VOV -E-HffilL- Nl»l J_Uj___
      3,270 words

  • BizIT
    • 772 27  -  ONG BOON KIAT HTC's Touch Pro 2 oozes power and business-centric goodies By SMARTPHONES are getting more powerful, but harnessing all that computing power to deliver palm-sized applications that work well is no mean feat. Count Taiwanese vendor HTC's new smartphone Touch Pro 2 as
      772 words
    • <what's up>
      • 150 27 MICROSOFT has announced upgrade details, pricing and availability of Windows 7 for Asia. From June 26, 2009, those who buy a PC from a participating manufacturer or retailer, which runs Windows Vista Home Premium, Business or Ultimate, will receive an upgrade to Windows
        150 words
      • 91 27 THE Media Development Authority (MDA) and a quartet of game firms here -Activate Interactive, Garena Interactive, Infocomm Asia Holdings (lAH Games) and Mikoishi have joined hands to fuel made-in-Singapore games. The group is seeking game proposals which have the potential to be deployed
        91 words
      • 61 27 BROADCASTASIA and CommunicAsia, two of Singapore's largest tradeshows, officially drew 54,354 attendees this year, compared to 62,500 in 2008. Half of the attendees hailed from overseas, according to organiser Singapore Exhibition Services (SES). The inaugural iGov Global Exchange event, held alongside both events, turned
        61 words
      • 72 27 SUN Microsystems and the Singapore Management University's School of Information Systems have inked a deal to promote technologies related to the financial services industry. As part of the deal, Sun is allowing SMU undergraduates free and round-the-clock access to hardware
        72 words
      • 73 27 HEWLETT-PACKARD has appointed Neal Clapper as vice- president and general manager of Enterprise Storage and Servers (ESS) for Asia-Pacific and Japan. She replaces Tony Parkinson, who will be taking up a new assignment within HP. The veteran staffer, who has been with HP since 1980,
        73 words
    • 1090 28 Analysis shows the SaaS market will grow by 27% while packaged software market growth will increase by just 3% this year, writes AMIT ROY CHOUDHURY SINGAPORE firms are expected to show significant interest in adopting SaaS (Software-as-a-Service) applications provided by third party vendors this year, despite
      1,090 words
    • 171 28 [SAN FRANCISCO] Apple Inc's new entry-level iPhone model costs US$l79 in materials and manufacturing expense, according to a teardown analysis by research group iSuppli. The 16-gigabyte version of the new iPhone 3GS carries a bill of materials of U*****.46 and costs US$6.5O
      -Reuters  -  171 words
    • <what's new>
      • 94 28 ARMED with the world's first noise-cancelling feature on a media device, as well as other high-end goodies, the new Sony Walkman XIOOO series of MP3 player looks set to take on the flagship models of Apple and other rivals. It comes with a
        94 words
      • 204 28 PHILIPS last week unleashed a raft of LCD TVs, home theatre systems and iPod docking systems in Singapore, a total of 20 new models. Heading the list is the Cinema 21:9 LCD TV, a 56-inch whopper with a 21:9 cinema proportion, priced at $10,999. Other
        204 words
      • 81 28 THE latest media hub from Linksys by Cisco, the NMH3OO, has all the features of its predecessors except for a pre-installed hard drive. This is meant to offer users the flexibility of choosing the best hard drives for their audio, video and
        81 words
      • 123 28 THE new Sony Ericsson W995 Walkman phone is a music jukebox that's also a sharpshooter of images and video clips, thanks to a head-turning 8.1-megapixel camera. Besides the high pixel count, it also whets the appetite of gadget lovers with features like
        123 words
    • 780 28 &lt;you say&gt; Such products can be like new, and help organisations save big By CARSTEN AHRENS AN UNCERTAIN economy means hard times for IT budgets, but it need not necessarily mean hard times for your company's IT performance. As IT budgets come under
      780 words
  • Page 27 Advertisements
    • 2800 27 tor IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0219E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting of IDT Holdings (Singapore) Limited will be held at Meeting Room 306, Level 3, Suntec Singapore International Convention Exhibition Centre, 1
      2,800 words