The Business Times, 24 August 2009

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Total Pages: 28
1 28 The Business Times
  • 21 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday,August24,2oo9
    21 words
  • 682 1  -  i NISHA RAMCHANDANI There's catching up to do as race weekend nears By [SINGAPORE] Michael Schumacher may not be returning to Formula One racing, but the buzz is slowly stealing back to the Singapore Grand Prix as the September event approaches. After a
    682 words
  • 967 1  -  > JAMIE LEE Requirement is among several new rules under consideration in light of recent experience By At Sino-Environment Technology, chairman and chief executive Sun Jiangrong lost the 56 per cent control that he held in the company after he used
    SGX  -  967 words
  • MARKETS DIGEST
    • 50 1 >T Index 2,544.86 -86.65 1 COMP 1,163.79 -24.78 IIKKEI 225 10,238.20 -359.13 1ANG SENG 20,199.02 -694.31 ;et index 644.63 -9.62 JAKARTA COMP 2,333.90 -52.96 1ANILA COMP 2,720.18 -129.83 ;eoulcomp 1,580.98 -10.43 ;henzhen b 499.80 -13.72 IUMBAI IND 15,240.83 -170.80 )OW 9,505.96 +184.56 IASDAQ 2,020.90 +35.38 ;&P 500 1,026.13 +22.04
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.394 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.51 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 49 1 uss s$ US$ (S$ per US$) 1.442 (US$/S$ per 1.648 2.376 EURO (US$,S$/E) 1.429 2.060 Foreign currency per US$ S^ YEN 93.80 "6510 RM 3.523 2.443 HK$ 7.751 5.377 BAHT 34.04 23.61 RUPIAH 10,010 6,943 RENMINBI 6.831 4.739 INDIAN RUPEE 48.69 33.77 A$ 1.205 0.836 NZ$ 1.480 1.027
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 57 1 BizlT Wh^JtKL FORMULA ONE YOUNG INVESTORS' VIEWS FROM THE TOP Hooking up Brawn GP's Barrichello FORUM p^g^— i v Responses to National Resorts World wins in Valencia Takingvlogstoa BE""!S 1^ Day Rally speech RAGE 28 W^\wJi RAGE 20 new level RAGE 9 m^^^J^ PAGES 10-11 Premium wagyu from Japan M
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  • TOP SOTRIES
    • THREE-MINUTE DIGEST
      • 65 2 CONTROLLING shareholders may in future be forced to disclose any significant share pledges they have made, based on new regulations now being studied by the Singapore Exchange. Such shareholders may also have to custodise their shares in Singapore, said SGX chief
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      • 74 2 MICHAEL Schumacher may not be returning to Formula One racing, but the buzz is slowly stealing back to the Singapore Grand Prix next month. After a more subdued start this year against the backdrop of an unprecedented economic recession and the recent U-turn
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      • 77 2 JAPAN heads to the polls next Sunday for a general election that, barring any major and unexpected upset, could change the country's political landscape and provide new orientation in Japanese economic and foreign policy. The main opposition Democratic Party of Japan
        77 words
      • 73 2 WITH Air China last week boosting its stake in Cathay Pacific, the globally renowned Hong Kong airline has moved a step closer to becoming a mainland company, analysts say. By increasing its holding to 29.99 per cent, Air China bolstered its
        73 words
      • 70 2 COMPANIES audited by an overseas accounting firm may need a joint sign-off by a local auditor, while new listings may need to hire governance advisers for two years after their initial public offering. These were the part of the proposed regulatory changes indicated by
        70 words
      • 72 2 SINGAPORE-BASED Park Hotel Group has set its sights on listing in 2011, just in time for its 50th anniversary, although it is still mulling over the details. "We're planning to list in 2011 either in Singapore or Hong Kong. We have to study the
        72 words
      • 75 2 TURNABOUTS in European and Asian economies, along with recent gains in the US, are raising hopes that the worldwide recession is drawing to a close. That's not to say the coast is clear. Many analysts questioned whether the top economies can sustain recoveries after
        75 words
      • 77 2 PRESIDENT Barack Obama's domestic policy proposals will face the reality of skyrocketing deficits tomorrow when officials release two government reports projecting huge budget shortfalls over the next decade. The White House budget office and the Congressional Budget Office, a non-partisan arm of Congress,
        77 words
    • 865 2  -  ANTHONY ROWLEY Party has 40% voter support in 2 opinion polls, against 20% for ruling party By in Tokyo JAPAN heads to the polls next Sunday for a general election that, barring any major and unexpected upset, could change the country's
      AFP  -  865 words
    • 964 2  -  ANDREW MARKS WALL STREET INSIGHT Investors' exuberance attributed to steady flow of economic data confirming recovery By in New York A FUNNY thing happened on the way to the sell-off so much of Wall Street was anticipating it never did happen. For
      964 words
    • 680 3 ■AFP SCMP warns of damage to the HK carrier's standards, quality, reputation [HONG KONG] With Air China last week boosting its stake in Cathay Pacific, the globally renowned Hong Kong airline has moved a step closer to becoming a mainland company, analysts
      ■AFP; AP  -  680 words
    • 717 3 Reuters But political unrest will limit recovery, say economists [BANGKOK] Foreign investors are wading back into Thailand despite a three-year political crisis, stoking stock and currency gains, but economists say political unrest will limit how fast and how far Thailand pulls out of recession.
      Reuters  -  717 words
  • Page 2 Advertisements
    • 31 2 Warmest Congratulations to our Independent Director Mr m. Rajaram ■^li^^ Hiap Seng Engineering Ltd 28 Tuas Crescent, Singapore *****9 Tel: 6861 0667/6897 8082 Fax: 6861 1960/6897 8081 E-mail: info@hiapseng.com Website: www.hiapseng.com
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  • Page 3 Advertisements
    • 457 3 I P ll ft 8 fill lift Capitalise On Asia's Thriving Economies Consistent Outperformance Against Benchmark with Templeton Asian Growth Fund Z'ZSZSS,'*"""" For more than 20 years, Franklin Templeton has been cultivating o 85.2% o sustainable growth through discipline with comprehensive research |"~'h"I BeJ-'s*" insights. We understand Asia's rising economies,
      457 words

  • SINGAPORE MARKETS
    • 690 4  -  R SIVANITHY STOCKS IN our Aug 3 column "Where might the next bubble be inflating?" the likelihood was raised that a large, speculative bubble was being inflated in China and readers were alerted to the probable painful consequences on South-east Asian
      690 words
    • 438 4 Legends US$; Rmb; HK$; A) As; Yen; fee) Euro; AA) Baht; (ad) Capital; (ag) Dividend/Distribution; (ah) Final; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (ao) Income; (aq) Income Tax Exempt; (as) Interim; (av)
      438 words
    • 426 4 -AFP COMMODITIES [LONDON] World oil prices surged last week to the highest level so far this year as investor sentiment was driven by tumbling American crude reserves, the weak dollar and encouraging economic data. "Crude oil is poised for a weekly
      -AFP  -  426 words
    • 258 4 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week mostly lower against the dollar with the exception of the Japanese yen, which strengthened on concerns about the prospects of a sustained global economic recovery. Japanese yen: The yen bounced back against the dollar in the past
      -AFP  -  258 words
    • 1379 4 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Company name Allgreen Prop perties 2.60 2.55 10 6.37 17.44 1.09 1.12 ARA Asset Mgt 2.00 2.00 7.50 10.60 1.03 0.80 Armstrong Ind 1.50 2.50 2.35 9.79 0.32
      1,379 words
    • 4 4 WEEKLY
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    • 60 4 Aug 21 VALUE CLOSE IT OB/OS -145.00-211.0C IT CADI -*****.00 -10.0' IT 10-day MA -*****.00 -14.0' TSE ST Mid Cap 581.59 -3.0! TSE ST Small Cap 515.43 +1.3 TSE ST All Share 624.92 -3.2' TSE ST China Top 266.96 -0.4i TSE ST China 264.79 +0.2 TSE ST
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    • 57 4 VOLUME Golden Aqri 676,422,000 Gentinq SP 485,492,000 MDR 334,662,000 Seroja 305,850,000 Abterra 259,156,000 AusGroup 233,826,000 MAP Tech 230,606,000 GMG Global R 223,271,000 Ban Joo 197,148,000 JiutianC 195,020,000 VALUE(S) DBS Grp 474,800,033 Gentinq SP 435,488,225 CapitaLand 372,452,701 Golden Aqri 321,812,125 SingTel 271,323,370 Wilmar 267,298,330 UOB 261,159,501 StraitsAsia 251,023,845
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    • 109 4 :1 BY CENTS CLOSE UP 496 162.8 29.5 EasternEuroi Thai Prime Fd 566 152.8 23.0 DBXT FTVietnam 10US$ 5194 136.9 1.9 iBXT MSAsExJl 10US$ 2416 119.6 3.6 BMT 1300 110.0 9.2 DBXT S&P Short 10US$ 6150 72.1 0.8 lux 288 26.0 9.9 OCBC Bk5.1%NCPS 100 9980 20.0 0.2 Asia
      109 words
    • 106 4 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN 9318-495.7 -3.6 DBXT Ni 10US! Omei lav 1000-330.0 -24.: DBXT MSKorea 10US$ 3942-224.8 -3.8 GLD 10US$ 9250-216.2 -1.6 JMH 2840-196.0 -4.6 JSH 1580-172.9 -7.1 STXPO 100 1308-152.0 -10.4 Seroj. 67.5-132.5 -66.3 DBXT MSTaiwan 10US$ 1338-108.1
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    • 83 4 Aug 21 CHNG CLOSE FRAug20 YR2009 S$ LOW S$ HIGH USS 1.4400 0.53 1.5579 1.4308 Euro 2.0516 0.43 2.0732 1.9150 Pounds 2.3763 0.74 2.4366 2.0356 1.1969 0.36 1.2171 0.9453 ren* 1.5291 0.65 1.7278 1.4831 Rupiah* 0.***** 0.33 0.***** 0.***** Baht* 4.2353 0.45 4.3390 4.1040 Peso* 2.9783
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    • 1357 6  -  TEH HOOI LING OUR portfolios remained relatively resilient despite scares that China's stock markets have plunged into bear territory. In fact, one of our portfolios actually gained. The one-year top losers' portfolio added 3.3 per cent last week. This was thanks to rebounds of bombed
      1,357 words
    • 1534 6  -  ROBERT HALILI INSIDE MARKETS By THE trading by directors surged last week with 51 transactions worth $39.7 million based on filings on the Singapore Exchange in the third week of August. The figures were sharply up from the previous week's 24 trades
      1,534 words

  • COMPANY NEWS
    • 886 5  -  R SIVANITHY IT'S always an interesting and useful exercise to question conventional wisdom in the stock market, either when the mood is overtly bullish or bearish. Of course, many observers would point to a time-honoured maxim that "the market is always right" which if true,
      886 words
    • 513 5  -  JAMIE LEE Governance advisers post-IPO also part of SGX's proposed regulatory changes By COMPANIES audited by an overseas accounting firm may need a joint sign-off by a local auditor, while new listings may need to hire governance advisers for two years after their initial
      513 words
    • 529 7  -  NISHA RAMCHANDANI Group yet to decide whether to list as an equity or a Reit and in Singapore or Hong Kong By SINGAPORE-BASED Park Hotel Group has set its sights on listing in 2011, just in time for its 50th anniversary, although it is
      529 words
    • 221 7 HUANG Xingguo, mayor of Tianjin and He Lifeng, deputy party secretary of Tianjin and newly appointed chairman of Sino-Singapore Tianjin Eco-City Investment and Development Co led a delegation in a visit to Keppel's Marina at Keppel Bay last week, where they also met
      221 words
    • 382 7 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
      382 words
    • 280 7 COMPANY MEETING PLACE DATE TIME Scorpio East A 25 Tai Seng Avenue #06-01 Scorpio East Building Singapore *****4 24-Aug 11.00am Novo Grp A RELC International Hotel Room 502, Level 5 30 Orange Grove Road Singapore *****2 24-Aug 3.00pm Khong Guan A 2 MacTaggart Road (Level 3) Singapore *****8
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    • 417 7  -  OH BOON PING Regency Specialist Hospital expected to remain a drag By HIT by gestation loss from one of its hospitals, Health Management International has reported a net loss of $3.5 million for the year ended June 30, 2009, against a profit
      417 words
  • Page 5 Advertisements
    • 334 5 INITIAL PUBLIC OFFERING j^^ r^SSSIOn I iiGft^ES' PASSION HOLDINGS LIMITED VW ■■fc" JkJM^ (Incorporated in the Republic of Singapore on 21 October 2008) A%ft L S^^^r-^^-^W™ (Company Registration Number: *****0355E) MM^^J Invitation in respect of 126.5 million Invitation Shares comprising 90.0 million New Shares and k-= 36.5 million Vendor Shares
      334 words


  • Page 7 Advertisements
    • 25 7 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. k I •IP NOTICES
      25 words
    • 152 7 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg (£t TJ^ Planning your group retreat? Be it corporate incentive, conference packages, teambuilding, free easy..... Book your group retreat with us today! The Leading Operator J Friendly Professional Service Assured I UftjHHtt A FLEET OF EXCLUSIVE CLASS MOTORCOACHES FOR
      152 words
    • 322 7 w*~ r^ \A/1 I I I -La _ir r Jf m J H^^,^' J^ te| J—•J J J J J f/ J Attend an interactive half day executive leadership workshop with the Professor of consultative selling. s Cil^HuthWaitG New York Times best selling author and creator of SPIN® v cr
      322 words

  • SINGAPORE NEWS
    • 875 8  -  LI DAN WEI 20% of Fortune 500 firms employ diversity officers as they face up to the issues brought on by globalisation By MOST people are familiar with the idea of chief information officers (CIOs) or chief technology officers (CTOs). But what about the
      ARTHUR LEE  -  875 words
    • 491 8  -  RACHEL SIM By I EAGER faces enraptured by the expressive tunes of the violin as beneficiaries of The Business Times Budding Artists Fund listened to the story of Splat the Cat this was a sight that would have tugged at the
      491 words
    • 180 8 ABOUT 400 Citibankers and their families planted 1,000 trees at Changi Coastal Park Connector on Saturday, as part of Citibank Singapore's "Go Paperless, Plant a Tree" campaign. A joint initiative between Citi- bank and Garden City Fund, the campaign aimed to drive environmental
      180 words
  • Page 8 Advertisements
    • 1425 8 A MAIS W^NOTICE< IN THE MATTER OF THE I I COMPANIES ACT, CAP. 50 IN THE MATTER OF AND THE COMPANIES ACT (CHAPTER 50) IN THE MATTER OF BASF CONSTRUCTION CHEMICALS SINGAPORE PTE. LTD. IN THE MAnER OF NOTICE OF RESOLUTIONS JmLn.™ n^D.T.nu unVo«™T,,nL. At an Extraordinary General Meeting (COMPANY
      1,425 words
    • 26 8 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. NOTICES Hii
      26 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1069 9 Budding technopreneur lAN LIM shares his idea of the world's first Web online variety programme platform that empowers media consumers to become media stars HOW many more blogs does the world need? As many as it can take, if you ask me. We
      1,069 words
    • 954 9 CAMPUS LIFE Israel offers many valuable lessons for entrepreneurs, report ESTHER TAN, DARYL TAN and SHERYL BAEY ISRAEL is a land known for its history and religious significance to many of the oldest faiths in the world. However, it is less known as a country of innovation
      954 words
    • 211 9 STUDENTS from the four Singapore universities have been invited to come together on Sept 5 to network and learn more about investing from industry professionals. The theme of the Business Times-Citibank Undergraduate Investment Forum 2009 is "Insights to Financial Instruments", and it is organised by
      211 words
  • Page 9 Advertisements
    • 46 9 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

  • VIEWS FROM THE TOP
    • 3270 10 THIS WEEK'S TOPIC What were the key messages you took from the Prime Minister's National Day Rally speech? In particular, what are your thoughts and suggestions on the main themes in his speech? Loi Pok Yen Group CEO CWT SINGAPORE appears to be a fragile metropolis. Our
      REUTERS  -  3,270 words

  • Page 11 Advertisements
    • 120 11 MM r <^i ■•1 r r> q rj For enquiries, please contact us at 651 3 8798 or email us at secretariat@singaporehcsummit.com ORGANISED BY: STRATEGIC PARTNERS: Government If s Singapore Civil Service College Infocomm Development Authority International Enterprise Singapore Ministry of Foreign Affairs IWV MANPOWER \A/^^/V dCTef°prerrt Singapore Monetary Authority
      120 words

  • DINING OUT
    • 1512 12 The ban on Japanese beef was lifted only recently, but already more than a few restaurants have introduced premium wagyu from the Land of the Rising Sun to their menus. AUDREY PHOON reviews three NEW ADDITIONS Raffles Grill Lobby level. Raffles Hotel Singapore |1 Beach Road
      1,512 words
  • Page 12 Advertisements
    • 168 12 LUAUKY WB Restaurant AMW i^UNCH AFFAIR A sumptuous respite from work Executive Set Lunch T™"^ m^ r- s From $42.00 per person 4^m W- >*»^ L^INNER REVELRY sfEtt ■^Ss Mouthwatering highlights to end the day with For reservations information please call 6739 6666 or email f&b@orchardhotel.com.sg ORCHARD HOTEL SINGAPORE A
      168 words

  • INVEST FAIR 2009
    • 1484 13 Speaking on Saturday at the opening of the annual Invest Fair, a major event for investors here, Singapore Exchange CEO HSIEH FU HUA touched on several issues of deep interest to investors. Here is the full text of his speech lAM honoured for this opportunity to
      PHOTOS: SHAREINVESTOR  -  1,484 words

  • ECONOMY WATCH
    • 809 14 ■AP Analysts doubt that top economies can sustain recoveries after incentives end [WASHINGTON] Turnabouts in European and Asian economies, along with recent gains in the US, are raising hopes that the worldwide recession is drawing to a close. That's not to say the coast
      ■AP  -  809 words
    • 1040 14 Bloomberg [JACKSON HOLE, Wyoming] European Central Bank (ECB) president Jean-Claude Trichet has defended his institution against criticism that he has been too cautious in combating the deepest economic slump since the *****. The policies of the world's major central banks led by Mr
      ■ Bloomberg; AP  -  1,040 words
    • 676 14 AFP Pandemic could take toll on productivity, financial systems [WASHINGTON] The markets have begun to pop champagne over global economic recovery, but the elephant lurking in the room swine flu could trample those green shoots. Spotted just four months ago, the new A(H1N1)
      AFP; AP  -  676 words
    • 456 14 win -NYT [NEW YORK] Financial stocks have more than doubled from their March 2009 lows. And with autumn generally a rocky season for the markets fast approaching, it's a good time for a reality check on the banking sector. The goal: To determine
      , win -NYT  -  456 words
    • 238 14 Bloomberg [NEW YORK] Federal Reserve policymakers are concerned about making "a colossal policy error" leading to higher inflation if they don't withdraw extraordinary monetary stimulus soon enough, said Laurence Meyer, vice-chairman of Macroeconomic Advisers LLC and a former Fed governor. "When you talk
      Bloomberg  -  238 words

  • MALAYSIA/INDONESIA
    • 625 15  -  S JAYASANKARAN MALAYSIA INSIGHT Its proposal to take over all the toll concessionaire firms doesn't make sense N May or thereabouts, Asas Serba Sdn Bhd a private company little known to anyone in Malaysia submitted a proposal to the Works Ministry to buy
      625 words
    • 517 15 [KUALA LUMPUR] It was a deal that everyone thought was pretty straightforward. Two brothers, sons of the late Nasimuddin Amin, and their partners had bought a third of Kumpulan Jetson Bhd, a small construction and manufacturing outfit, for RM12.3 million (555.03 million), the
      517 words
    • 380 15 Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd, the nation's biggest fixed-line telephone operator, said that profit fell in the second quarter from a year earlier without the income from its mobile phone operation that was spun off in 2008. Net income
      – Bloomberg; BLOOMBERG  -  380 words
    • 192 15 ■AP [KUALA LUMPUR] Malaysian rescuers recovered the charred remains of nine Chinese sailors who went missing after an oil tanker caught fire after colliding with another vessel, a marine official said yesterday. The bodies of two crew members trapped in the Li-berian-registered Forraasaproduct Brick
      ■AP  -  192 words
    • 2042 15 lug 21 RM Cooo] M Realty 0.61 unch \bric Bhd 0.13 unch \dvance Synergy ...0.15 -0.01 \dventa Bhd 1.78 -0.04 \eMulti Hldgs 0.14 -0.01 \ffin Holdings 1.86 0.01 \hmad Zaki Resou ..0.89 -0.03 \ic Corp 0.43 unch \irasia Bhd 1.41 -0.04 \kn Technology 0.14 0.01 \lliance Financi 2.39
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  • Page 15 Advertisements

  • GREATER CHINA/INDIA
    • 589 16 -AFP Date not announced but may be close to Apec summit on Nov 14-15 in Spore [BEIJING] Barack Obama will make his first presidential visit to China in November to bring fresh impetus to relations between the United States and the
      -AFP  -  589 words
    • 580 16 Bloomberg [HONG KONG] China Construction Bank Corp (CCB) joined rivals including Industrial Commercial Bank of China Ltd (ICBC) in posting profits that beat analyst estimates, on rising fee income and lower bad-loan provisions. CCB, the nation's No 2 lender by market value, had second-quarter net
      – Bloomberg  -  580 words
    • 383 16 -AFP [NEW DELHI] India and Nepal agreed to a new trade treaty on Saturday as Prime Minister Madhav Kumar Nepal ended a five-day official visit to the regional giant that both countries hailed a great success. Mr Nepal, on
      -AFP  -  383 words
    • 659 16 AFP They claim that dynamite blasting caused soil erosion [TAIPEI] Taiwan's leader arrived at Hsiaolin to comfort typhoon survivors but instead was confronted by angry villagers who alleged that a massive government water project had contributed to mudslides which killed hundreds. The
      AFP  -  659 words
    • 716 16 sdf Police, army yet to receive manpower, modern equipment [MUMBAI] After nine months of political grandstanding and a high-profile trial of the lone, surviving gunman from last year's terrorist assault on this city, India's security gaps remain so wide that counterterrorism experts
      sdf; AFP FILE PHOTO  -  716 words
  • Page 16 Advertisements

  • ASIA-PACIFIC/WORLD
    • 578 17 Reuters Deficit estimates may give fiscal fodder to those who oppose his policies [WASHINGTON] President Barack Obama's domestic policy proposals will face the reality of skyrocketing deficits tomorrow when officials release two government reports projecting huge budget shortfalls over the next decade. The
      – Reuters; AP  -  578 words
    • 528 17 ■AP [SEOUL] Tens of thousands of mourners yesterday filled the lawn outside parliament for the state funeral of ex-President Kirn Dae-jung, a longtime defender of democracy and advocate of reconciliation who won the Nobel Peace Prize for his efforts to reach out to
      ■AP  -  528 words
    • 352 17 ■Reuters [SYDNEY] A leaking Australian oil well is likely to pour oil into the Timor Sea for nearly two months before it can be stopped, the operator said yesterday, as environmentalists expressed grave fears for rare wildlife. Rig operator PTTEP Australasia
      ■Reuters  -  352 words
    • 339 17 Reuters 12,000 hectares of farms, forest seared by flames [ATHENS] Wildfires torched scores of homes and thousands of hectares of forest in the outskirts of Athens yesterday and sent hundreds of residents fleeing their homes, authorities said. Thick plumes of smoke hung over the Acropolis
      Reuters  -  339 words
    • 589 17 Reuters [ZURICH] Clients of ÜBS facing disclosure of their accounts to US tax authorities were not harmless victims, and legal cases against former ÜBS bankers did not affect the bank, its chairman told Swiss Sunday newspapers. "The clients are not just harmless victims. They
      – Reuters; AFP  -  589 words
    • 290 17 Reuters [NEW YORK] What some expected to be a spring fling for the US housing market turned into a hotter summer. Home buying and sales activity typically pick up in the spring as warmer weather boosts activity, but the momentum
      Reuters  -  290 words
    • 718 18 AFP Treaty with US blurs distinction between tax fraud and tax evasion [GENEVA] For more than 60 years, the Swiss have nurtured banking secrecy to the extent that it has become an unshakeable part of Switzerland's image like chocolate, watches, cowbells and Heidi.
      AFP; REUTERS  -  718 words
    • 585 18 -AP [WASHINGTON] Guaranty Bank became the sec-ond-largest US bank to fail this year after the Texas lender was shut down by regulators and most of its operations sold at a loss of billions of dollars for the US government to a major
      -AP  -  585 words
    • 532 18 Bloomberg But lawsuit seeking class-action for rival insurers continues [NEW YORK] American International Group Inc, accused by rivals of shortchanging state workers' compensation pools for 35 years, won dismissal of a lawsuit that sought to recover more than US$l billion for the alleged
      Bloomberg  -  532 words
    • 428 18 ■AFP [NEW YORK] Annie Leibovitz is as famous as the people she photographs but now the genius behind the lens is close to financial ruin a victim, some say, of her own relentless artistic ambition. Among the qualities making Leibovitz, 59, the most
      ■AFP; REUTERS  -  428 words
    • 419 18 ■AFP [NARSINGDI, Bangladesh] In the small Bangladeshi town of Narsingdi, Suria Begum sits in a small hut, a short walk from her house, with two dozen other women where she knits children's hats, mittens and blankets. Like 2.5 million others in the impoverished
      ■AFP  -  419 words
    • 378 18 AFP [ROME] Residents of a village in central Italy were celebrating on Saturday after a ticket sold there produced the richest jackpot in European lottery history nearly 148 million euros (Ss3os million). After weeks of mid-summer lotto madness in Italy, the
      AFP  -  378 words


  • FOCUS: WEALTH GAP
    • 2892 19 -NYT Some economists say the recent explosion of incomes at the top hurt everyone else, by concentrating economic and political power in a small group. 'I think incredibly high incomes can have a pernicious effect on the polity and the economy/ said Harvard economist Lawrence
      -NYT; STOCK.XCHNG  -  2,892 words

  • FORMULA ONE
    • 678 20 [NEW YORK] When looking for a driver to replace the injured Felipe Massa at the European Grand Prix yesterday, Ferrari first turned to 40-year-old Michael Schumacher, a seven-time world champion. After he bowed out with neck problems, the Italian team decided its 38-year-old test
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    • 651 20 -AP Lewis Hamilton finishes in second after starting from pole position, Raikkonen takes third [VALENCIA] Brawn GP's Rubens Barrichello won the European Grand Prix yesterday to claim his first Formula One victory in five years. The 37-year-old Brazilian took advantage of a
      -AP; AFP  -  651 words
    • 400 20 Reuters [KUALA LUMPUR] A Malaysian motorsport outfit is harbouring ambitious plans to break into Formula One with a South-east Asian team by 2016. South-east Asia has already produced two Formula One drivers and currently stages grands prix in Kuala Lumpur and
      Reuters  -  400 words
    • 446 20 Reuters [VALENCIA] Toyota cast doubt on Jarno Trulli's Formula One future on Saturday with motorsport president John Howett saying there was a strong chance the Italian would not be with the team next year. "We are in negotiation (with Trulli) and we haven't reached
      — ______ – Reuters  -  446 words
    • 308 20 [VALENCIA] Suzuka will host the Japanese Grand Prix next year as well as in 2011, the operators of the Honda-owned circuit said yesterday after meeting Formula One supremo Bernie Ecclestone. Next year's race had been due to be hosted by
      308 words
  • Page 20 Advertisements

  • AVIATION/SHIPPING
    • 653 21 [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted a third weekly drop as Chinese raw material demand weakened and new ships took to sea. The index tracking transport costs on international trade routes retreated 66 points, or 2.6
      653 words
    • 625 21  -  YEN SREENIVASAN It has started to allocate land plots for buildings, will call for tenders soon By [SINGAPORE] With more companies reviving delayed projects at Seletar Aeropace Park (SAP), JTC Corp and the other authorities tasked with overseeing the construction of Singapore's latest aerospace
      625 words
    • TRANSPORT STOCKS
      • 106 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.52 0.27 1.20 0.63 1.48 0.57 0.05
        106 words
      • 31 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 1.01 8.64 8.79 3.11 unch unch -0.03 -0.02 -0.01 -0.04 unch unch 127 69 641 207 0 0
        31 words
      • 12 21 '00 ■recious Ship Jegional Cont 16.10 9.80 0.10 0.40 997 8236
        12 words
      • 11 21 '000 Doil iingamas Cont .39.85 ...1.35 -0.85 1219 -0.03 *****
        11 words
      • 22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop ...7.20 .19.50 .unch .unch unch -0.25 unch unch 4 1557 0 0
        22 words
      • 22 21 Evergreen Marine ....20.10 :irst Steamship 37.80 /Van Hai Lines 16.00 r"ang Ming Marine...12.20 -0.40 -0.70 -0.40 -0.45 8 1 3 11
        22 words
      • 37 21 '000 :awasaki Hvy Ind ..246.00 :awasaki Kisen 378.00 Mitsubishi Hvy 367.00 /litsuiEng&Sbldg...252.00 /litsui Osk Lines 559.00 Jippon Express 378.00 Jippon Yusen 399.00 -5.00 ***** -7.00 6106 -7.00 ***** -5.00 5413 -8.00 ***** unch 7782 unch 6025
        37 words
    • 438 21  -  VEN SREENIVASAN Another two jets to join air ambulance fleet by year-end By [SINGAPORE] Flying Doctors Asia (FDA), a ful-ly-owned subsidiary of jet charter company Executive Jets Asia Inc (EJA), has added a second Gulfstream Westwind 2 aircraft to its existing fleet of
      438 words
    • 2674 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 Bh J/nn^ n^ Bouraq Airlines (BOU), BR
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  • Page 21 Miscellaneous
    • 246 21 CRYPTIC CROSSWORD ACROSS 18 Tripe from hand to mouth H27 i i 28 I parrot? (3,4) 25 Chicken Peter Oosterhuis has consumed (7) 5 Giver and taker of orderSi rm 21 Keep one variation of dia ect 26 Darling, we won't trouble first to read Porterhouse (7) the scorers (5)
      246 words

  • SINGAPORE STOCKS
    • 9185 22 Week ended: Aug 21 52-wks Tel High Low Code Last Sale Vol Week Last Quote Div GrYld Net C000) High Low Buyer Seller C'vr P/E M Cap Company 15.5 3 3148 8Telecom 8 2.5 5834 A-Sonic 28.5 12 5000 ABRHIdgs 14.5 5.5 1938 AEI Corp 8 1 1100
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    • 1795 23 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AA Grp 26 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 22.5 8.5 3518 s Afor 12.5 2 1524 t Alantac 11 3.5 7814
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    • 440 23 52-Wk Tel h Low Code Last Sale Vol C000) Week Ih Low Last Quote Buyer Seller Div GrYld Cvr Net MCap P/E Slllll Hii Coi Hii 110 100 6389 ABFSGBondETF 110 798 427 CIMBAsean40 100US$ US717 274 149 DBSSTIETF1OO 259 3903 3534 DBXT DJE5O 10US$ US3897 DBXTDJE50Sh 10US$
      440 words
    • 264 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
      264 words
    • 38 23 lapitaLand 3.640 -0.020 _apr Jev" lorrn Forl iro .osco .orp mp ieir ETrTg" fen" vgn JMH 28.400 +0.100 Ia~7( line Fppel .orp mp lam SIA Engg 2.620 -0.020 :ngg >eml .orp >eml \af >ing
      38 words
    • 104 23 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 10 5 0 0 0 3 10 5 lanufacturini 75 106 53 12 14 12 87 120 65 Commerce 19 47 16 24 55 21 r/O ms 33 34 :inance 20 10 20 instruction 11
      104 words
    • 119 23 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 101,461 101,461 317,310 317,310 lanufacturini 2,722,687 224,152 2,946,839 1,352,091 19,026 1,371,117 Commerce 917,060 128,496 1,045,556 396,617 60,716 457,333 'pt/Stor/Comms 1,076,777 9,888 1,086,665 1,116,627 1,724 1,118,351 :inance 161,272 145 161,417 1,143,090 11 1,143,101 Construction 632,659 140,031 772,690 236,188 2,568 238,756
      119 words
    • 2660 23 Transaction date: Aug2l 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! ;on Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing Airport
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  • Page 22 Advertisements
    • 25 22 Le maitre de I'horlogerie depuis 1875 B""^1|J MV >^"i£S^^^^W( ROYAL OAK OFFSHORE S»"'V- M 1 For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com I m\m J
      25 words


  • FINANCE & COMMODITIES
    • 380 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Aug21 World Index Preliminary 773.7 1.4 14.2 1.1 17.2 1.6 17.3 t EAFE Prel liminai 738.0 1.1 13.7 0.9 18.9 1.4 19.1 Euroi Prelim inan
      380 words
    • 183 24 Aug 21 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) iep 09 204.5 3d 09 MOV09 Dec 09 Ian 10 202.5 =eb 10 204.5 202.5 204.5 204.0 203.5 203.5 202.5 203.0 20 20 411 776 828 1020 551 392
      183 words
    • 462 24 Aug2l AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.902 5.668 0.581 6.431 40.392 83.048 0.778 10.362 2.922 1.228 68.819 40.014 1.196 6.533 0.880 27.294 28.237 0.503 0.830 Canada 1.109 6.284 0.644 7.131 44.786 92.084
      462 words
    • 122 24 As at 9am Aug 21 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1860 1.2210 .an dollar 1.3150 1.3320 luro 2.0430 2.0670 IZ dollar 0.9670 0.9880 iterlini ind 2.3650 2.3920 JS dollar 1.4330 1.4500 .ocal dollars to 100 units if foreign
      122 words
    • 152 24 Aug 21 Xterniqht 1/4 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 0.15 IS$ Offer 1/8 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.39 0.50 0.55 0.75 1.40 1.50 Offer 0.25 0.29 0.30 0.35 0.55 0.90 1.00
      152 words
    • 83 24 Aug2l 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****Z 19.11.09 -Year BY*****W 03.05.10 0.28 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year NXO11OOH 3.625 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X 3.125
      83 words
    • 67 24 Aug2l mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 0.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.*****
      67 words
    • 127 24 Aug2l -long Kong .ondon 943.10 940.40 944.10 941.40 Aug 21 Aug 20 952.85 940.45 953.65 941.25 Source: Thomson Reuters CAST BAR (S$) Aug21 Buying Sellim Kilobar "46,904.52" ***** PAMP GOLD BARS (S$) Selling Buying gm jam ugm !0gm JOgm Ougm oz ozUBS Kinebar™ 104.86 298.53 532.86 1003.66 2426.76
      127 words
    • 101 24 Aug 21 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 09 1023.00 999.25 1035.75 998.00 Nov09 973.00 957.00 988.00 951.75 Jan 10 975.75 959.50 989.00 955.00 Mar10 974.75 959.50 985.75 954.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 09 36.33 35.80 36.65 35.40 3d 09
      101 words
    • 74 24 CRUDE OIL PRODUCTS Aug 20 origin] t/barrel Close Cham irent blend (1-Mth F) 74.01 0.7: VTI (Near Mth) 72.24 -0.0. iubai (1-Mth F) 72.89 2.4I "apis blend 79.90 2.7! i/linas 77.40 2.5! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 70.72 79.85 1.22 2.55 US$/barrel )pec Oil Basket Price
      74 words
    • 149 24 Aug 21 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1952 1.1970 0.8294 0.8299 Canadian dollar 1.3253 1.3271 0.9197 0.9201 luro 2.0589 2.0610 1.4288 1.4290 IZ dollar 0.9735 0.9747 0.6756 0.6758 Sterlinc 2.3751 2.3776 1.6482 1.6485 IS dollar 1.4410 1.4423 >$IUS$
      149 words
    • 65 24 Aug 21 Aug2l minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1894.00 months 1928.00 1871.75 1906.00 Copper, Grade A (US$/tonne) :ash months 6270.50 6270.00 6050.51 6049.01 .ead (US$/tonne) :ash 1840.00 months 1863.00 1796.01 1820.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months
      65 words
    • 72 24 Aug 21 (£/tonne) Close Prev Hii ih/Low SepO9 1872 1833 1885/1819 Dec 09 1882 1849 1890/1835 Mar 10 1881 1854 1888/1839 May 10 1880 1855 1890/1848 COFFEE (US$/tonne) Close Pev High/Low SepO9 1335 1344 1354/1326 Nov09 1358 1367 1380/1350 Jan 10 1377 1385 1400/1372 SUGAR (US tonne) White Close
      72 words
    • 24 24 STI Aui 2559 2559 2540 IIMSCI Am 307.7 308.9 307.0 "aiwan Aui 245.3 248.0 242.3 Source: MF Global (S) He. Ltd
      24 words
    • 22 24 Aug 20 S$ Bid Offer 1-month 1.4455 1.4470 2-months 1.4457 1.4472 3-months 1.4457 1.4472 6-months 1.4460 1.4476 Source: OCBC
      22 words
    • 58 24 Aug 21 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position iep 09 2352 2380 2394 2290 1193 3d 09 2344 2378 2378 2259 3848 tovO9 2320 2345 2346 2234 ***** )ecO9 2300 2335 2337 2228 2779 Total o/p: ***** contracts Turnover: *****
      58 words
    • 305 24 Aug 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.5975 99.4450 99.1750 98.7700 6727 1676 3230 3822 EUROYEN TIBOR FUTURES SepO9 99.470 99.470 DecO9 Mar10 Jun10 Sep10 99.445 99.445 Dec10 99.440 99.440 Mar11 Jun11 99.465 99.445 99.440 99.465 99.490 99.520 99.520 99.480
      305 words
    • 2449 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 -0.5 279 >036AdvanceSCTLtdW*****9 0.5 1 15 5.29 1 87 1358 12.00 57 12 )092 Asia Environment W*****4 0.5 S816# Asiasons Capital W*****7 6 unch 648
      2,449 words

  • Page 25 Advertisements
    • 2795 25 m The Business Times Shipping Times M mM^M KPP fc| WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M Tmmmw §m Mm^JA -XV M^vJm] mmWWi^U^jmUli. %Tr.\ lAf A M UAI I llirr TELi*****588 (14 LINES) FAX: ***** 163 HHII^^ I'a mt~ 111 M fiTw^lH B!>5H>H!!>!!lB=HBWllJB HSIKHfIPMSIIIIIPffiHWPV \^B I WAN HAI INt
      2,795 words

  • Page 26 Advertisements
    • 3413 26 KsflHHß99|^H9|H^H I Inn eastern car liner, ltd Hip s®as^ I I^Slb I specialize in roro heavy lift UPTO 450 TONS~| WEEKLY EXPRESS SAILING SCHEDULE I I ■F~fWTTTTn~TJ^^^H MM 1 1 1 I 1 1 1 1 1 WWulu^uH r^^^^^^^sfis^if^^r^'^^ iss™™ t -^p- m^ 29 p /p g —'r— k"c »^^>«-
      3,413 words

  • BIZIT
    • 530 27  -  WINSTON CHAI Technology seen to take root in cash societies where few own credit cards By' SINGAPORE'S mobile phone saturation should make it an prime adopter of mobile payments, but an industry expert says that the technology could first take root in
      530 words
    • 707 27  -  TANG WENG SING <you say> By INFORMATION security typically tops the list of business concerns for any organisation. Around the world, many organisations have built up their defences to protect their information systems from virus infections, spam, external hackers and other outside threats and annoyances. In recent
      707 words
    • 521 27 -AFP [SAN FRANCISCO] Apple has told US regulators that it is studying a Google Voice application for iPhones and is not conspiring with telecom partner AT&T to bar the software from the coveted mobile devices. Apple, Google and AT&T each explained their sides
      -AFP; REUTERS  -  521 words
    • 506 27 AFP [SAN FRANCISCO] MySpace has announced that it is buying online music discovery hotspot iLike and plans to expand the service to other forms of entertainment such as games and films. Financial terms of the deal were not disclosed last week, but technology
      AFP  -  506 words
    • <what's new>
      • 91 27 INDIA'S Tata Communications and its supplier Tyco Telecommunications last week completed the installation, testing and commissioning of a new 6,700 km subsea cable that links Hong Kong, Singapore, Tokyo, Vietnam and the Philippines. Called the TGN-Intra Asia (TGN-IA) Cable System, it is said to
        91 words
      • 65 27 CABLE&WIRELESS Worldwide has inked a deal with the Singapore Exchange (SGX) to let Cable&Wireless' financial services customers access SGX's securities and derivatives market data. Global financial traders, brokers and investment firms will be able to subscribe to SGX's market data services and receive real time information.
        65 words
      • 49 27  -  ONG BOON KIAT IT services and business solutions provider Patni has appointed V Mathivanan as its Asia-Pacific president. The industry veteran, previously of Singapore Network Services (now known as Crimson Logic) and PSA Corporation, will head Patni's recently created Asia-Pacific headquarters in Singapore. Compiled by
        49 words
    • 619 28 Massive network by Cisco will feature virtualisation and energy-saving technologies, reports ONG BOON KIAT THE mega networking infrastructure of Resorts World at Sentosa (RWS) which will link up tens of thousands of IT equipment and other devices across the 49-hec-tare integrated resort is being built with
      REUTERS  -  619 words
    • 123 28 -AP [SAN FRANCISCO] Three of Google's largest rivals are joining a coalition to oppose a legal settlement that would give the Internet search leader digital rights to millions of copyrighted books. Microsoft, Yahoo and Amazon.com are all part of a group
      -AP  -  123 words
    • <what's new>
      • 140 28 KOREA'S Yukyung Technologies has launched the Viliv S5 Mobile Internet Device (MID) and Viliv X7O EX MID two powerful families of Wi-Fi-enabled touchscreen devices that let users make voice calls and send text messages, run PC applications and surf the Web on-the-go. Based on Intel's
        140 words
      • 95 28 LOGITECH has released a trio of hardware accessories that promise to enhance the computer gaming experience. Retailing for $550, the Flight System G940 is the company's first force-feedback flight simulation controller, with a design said to be inspired by military and commercial planes and helicopters. The
        95 words
      • 144 28 AIMING to entice car racing fans is the new Nokia 6710 Navigator phone, available exclusively from Sing Tel. The handset comes with a race guide for the upcoming 2009 Formula 1 Sing Tel Singapore Grand Prix, which lets racing fans receive the latest news
        144 words
      • 100 28 CANON has announced 10 new printers and all-in-one (AIO) devices, including an A3 photo printer (PIXMA Pro9ooo Mark II), a business inkjet printer with waterfast prints (PIXMA iX7000), and a range of seven AIOs for homes and businesses. Heading the bumper crop is the PIXMA Pro9ooo
        100 words
      • 80 28  -  ONG BOON KIAT NEOSYS Software has released its range of keenly priced software aimed at advertising agencies in Singapore. It comprises a trio of offerings in the areas of media buying and selling; job costing and billing; and accounting and finance. Pricing starts at US$2OO
        80 words
    • 461 28 ■Reuters [TAIPEI] China Mobile, the world's largest mobile carrier, aims to sign a series of deals with key Taiwanese firms, helping them gain access into China's rapidly growing telecoms market. They include an agreement with smartphone maker HTC to launch at least
      ■Reuters  -  461 words