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SINGAPORE, Aug 1 Asia Pulse - Highlights of today's newspapers:
THE STRAITS TIMES
- Chief executive Barry Waite of Chartered Semiconductor Manufacturing will raise his personal holdings in the Nasdaq- and Singapore mainboard-listed silicon foundry by as much as a quarter this year through the exercise of his options.
- In A dramatic improvement, more than 75 per cent of unit trusts in the Central Provident Fund Investment Scheme showed positive returns in the three months to June 30 - thanks to better-performing stock markets.
- The Mid-Continent trial of Dick Gwee and Tan Hong Pheng took an unexpected turn yesterday after prosecution lawyers sought to amend charges against the duo.
- Singapore Telecom's first-quarter earnings fell 2.5 per cent to $579 million, hit by full-fledged competition and a weakening economy.
- Motor and property group Cycle & Carriage said yesterday its net profit rose 33 per cent to $26 million for the half-year ended June 30.