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SINGAPORE - FRENCH retailer Casino has hired Deutsche Bank and RBS to advise it on a potential bid for Carrefour's Malaysia, Singapore and Thailand assets, two sources told Reuters.

Casino hires advisers for bid

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_559913.html

Casino hires advisers for bid »

MANISLOR (Indonesia) - A MINORITY Islamic sect told followers on Friday to prepare for war after rock-throwing mobs attacked one of their mosques in central Indonesia, calling its members heretics. The weeklong violence in Manislor, a village in West Java province, peaked on Thursday after more than 500 hard-liners from the Islamic Defenders Front, known as FPI, clashed with 3,000 Ahmadiyah sect followers. At least eight people were injured, including three police.

Minority sect calls for fightback

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_560130.html

Minority sect calls for fightback »

HONG KONG - CHINESE flag carrier Air China announced on Friday that its subsidiary Shenzhen Airlines had agreed to buy 10 aeroplanes from Airbus at a price of US$814 million (S$1.1 billion)

Shenzhen Airlines to buy 10 planes

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_560090.html

Shenzhen Airlines to buy 10 planes » Click on headline for full report »

SUNSHINE Empire kingpin James Phang Wah, 50, painted as a cunning and unscrupulous swindler by the court, was jailed nine years and fined $60,000 for masterminding Singapore's biggest Ponzi scheme.He was described by the court as a man with no 'principles, scruples and morals' for running a fraudulent company that amassed over $180 million and for faking accounts.

Sunshine Empire head jailed

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_559812.html

Sunshine Empire head jailed »

EDUCATION, employment and self-reliance must continue to underpin the Government's strategy to build a socially cohesive Singapore, said the Finance Minister on Friday.This has become even more important as the relationship between the state and the market and the objectives of economic policy are set to change dramatically all over the world, said Mr Tharman Shanmugaratnam.

Building a cohesive S'pore

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_560056.html

Building a cohesive S'pore »

LONDON - THE pressure on Prudential chief Tidjane Thiam to quit in the wake of the insurer's failed bid for Asian rival AIA has eased, with big investors refusing to put their weight behind an attempt to remove him. Both Mr Thiam and Pru chairman Harvey McGrath faced calls to step down after the insurer's US$35.5 billion (S$48.4 billion) bid for AIG's Asian arm hit the rocks in early June, leaving the company to pay out 450 million pounds (S$958 million) in fees.

Pru exec ouster pressure dying

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_560051.html

Pru exec ouster pressure dying » Click on headline for full report »

YANGON - NORTH Korean embassy officials have seized hundreds of copies of an unauthorised biography of their reclusive leader Kim Jong-Il in Myanmar, the author said on Friday.Hein Latt, 62, a well-known Myanmar writer, told AFP he had been asked by North Korean diplomats in Yangon earlier this month to withdraw his Burmese language book Kim Jong Il: North Korea's Dear Leader from sale.

Kim biography seized

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_560019.html

Kim biography seized »

IT WAS a nervous re-opening for Wendy's fast food restaurant at Liat Towers on Friday as the rain poured down for several hours in the morning.Over a month ago, the outlet was forced to close after just three days because the first-floor restaurant was flooded as a result of heavy rain, which also affected many malls in Orchard Road.

Wendy's re-opens

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_560025.html

Wendy's re-opens »

TOUGHER enforcement and repeated reminders to improve safety at workplaces seem to have paid off.Fewer workers died from work-related incidents in the first half of this year compared with the same period last year, Manpower Minister Gan Kim Yong said on Friday.

Fewer workplace incidents

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_560024.html

Fewer workplace incidents » Click on headline for full report »

HIGHER costs sent first-quarter profits falling at transport giant SMRT Corp and there could be more of the same in the months ahead, it warned.Net profit came in at $38.2 million for the three months to June 30, down 20.7 per cent from the $48.2 million recorded a year ago.

SMRT Q1 earnings down 21%

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_560022.html

SMRT Q1 earnings down 21% »

NEW YORK - STOCKS fell and interest rates rose in the Treasury market on Friday after the government said the US economy grew at a slower pace than expected during the second quarter. The Commerce Department said the gross domestic product, the broadest measure of the economy, grew at an annual pace of 2.4 per cent from April to June. That's less than the 2.5 per cent economists polled by Thomson Reuters had forecast.

US stocks down on slow growth

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_560020.html

US stocks down on slow growth »

BONDING between new Chinese immigrant groups and the established clan associations is expected to be strengthened in the months ahead.This follows the election on Friday of property developer Chua Thian Poh, 62, as the new president of the Singapore Federation of Chinese Clan Associations.

Leadership change at clan

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_560021.html

Leadership change at clan » Click on headline for full report »

MANILA - GOVERNMENT troops killed three communist rebels in a clash on Friday in the northern Philippines while roadside bombings blamed on another guerrilla faction wounded four soldiers in a southern city, officials said.The country's 41-year communist rebellion is one of Asia's longest-running insurgencies. Maoist rebels, who are on a US terrorist blacklist, have become more active in recent months, attacking distant military and police outposts to seize badly needed weapons.

3 Philippine rebels killed

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_560013.html

3 Philippine rebels killed »

WASHINGTON - US ECONOMIC growth slowed in the second quarter as a capital investment drive by businesses saw imports increasing at their fastest pace since the first quarter of 1984, a government report showed on Friday. Gross domestic product expanded at a 2.4 per cent annual rate, the Commerce Department said in its first estimate, after a revised 3.7 per cent growth pace in the January-March quarter.

US Q2 growth slows

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_560010.html

US Q2 growth slows »

TICKETS for the opening and closing ceremonies of the Singapore 2010 Youth Olympic Games will go on sale Monday.

YOG tickets on sale

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_560009.html

YOG tickets on sale » Click on headline for full report »

NEW DELHI - INDIAN badminton ace and world number two Saina Nehwal was awarded India's highest sporting honour on Friday.

Nehwal gets top sporting honour

http://www.straitstimes.com/BreakingNews/Sport/Story/STIStory_559982.html

Nehwal gets top sporting honour »

KUALA LUMPUR - A MALAYSIAN court on Friday acquitted a Muslim man of arson charges on Friday after he was accused of torching a church during a religious tensions over whether non-Muslims can use the word 'Allah' to refer to God. The firebombing of the church in this Muslim-majority country marked the start of an unprecedented string of assaults on places of worship in January following a court verdict that allowed Christians to use 'Allah' in their Malay-language publications.

Man acquitted of church torching

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_559978.html

Man acquitted of church torching »

MADRID - SPAIN faces another austerity budget in 2011 as it seeks to reduce its public deficit, Prime Minister Jose Luis Rodriguez Zapatero said on Friday.

Spain faces another austerity budget

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_559974.html

Spain faces another austerity budget » Click on headline for full report »

A PRIME multi-purpose site in the Central Business District has been put up for tender.The 1.5ha plot at the corner of Peck Seah and Choon Guan streets and next to Tanjong Pagar MRT station was launched on Friday as a confirmed list site.

Multi-purpose site for tender

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_559975.html

Multi-purpose site for tender »

WHILE iPhone fever hits Singapore on the July 30, there are still some alternatives available for those who don't find the iPhone enticing.The newest entrant into the mobile phone operating system market, Google's Android recently passed the two year mark and is starting to pick up momentum in the lucrative mobile phone market.

iPhone 4 hits the stores

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_559941.html

iPhone 4 hits the stores

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