The Business Times, 6 July 2010
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2010-07-06
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The Business Times
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Title Section23 2010-07-06 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, July 6,201023 words
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Article, Illustration592 2010-07-06 1 CHEW XIANG - Sucrogen is world’s 2nd largest exporter of raw sugar By CHEW XIANG [SINGAPORE] Palm oil giant Wilmar said yesterday it has bought Australia’s largest raw sugar producer for A$1.75 billion (S$2.04 billion) in debt and equity part of a plan to build aREUTERS - 592 words
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Article, Illustration695 2010-07-06 1 TIMOTHY SEOW, SIOW LI SEN - Bank could face MAS action; probe with IBM to see why back-up systems failed By TIMOTHY SEOW, SIOW LI SEN [SINGAPORE] DBS and POSB’s entire consumer banking system and parts of their corporate banking services ground to a halt yesterday morning. Apart from raising theFILE PHOTO - 695 words
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Article139 2010-07-06 1 ?ST INDEX 2,844.02 (-0.17) ?ST INDEX FUTURES 2,844 (unch) ?SIMSCI 338.09 (-0.15) ?SIMSCI FUTURES 338.00 (-1.10) FOREX US$ S$ US$ (S$ per US$) 1.392 (US$/S$ per 1.517 2.112 EURO (US$/S$/E) 1.253 1.744 Foreign currency per US$ S$ YEN 87.80 63.10 RM 3.211 2.306 HK$ 7.788 5.593 BAHT 32.42139 words
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Page 1 Advertisements
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Advertisement65 2010-07-06 1 PROPERTY Boutique developer buys Kim Keat site for $36m EXEC MOVE CEO of CapitaLand's S'pore residential business quits PAGE 5 OPINION US, UK need to rethink economic policies PAGE 22 COMMENTARY New fork in World Cup road PAGES 19 PAGE 30 Inc Integration opening more doors for Cables International PAGE65 words
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Advertisement9 2010-07-06 1 Asia growth on track despite Western woes Page 49 words
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TOP STORIES
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Article511 2010-07-06 2 Glitch grounds DBS consumer banking DBS and POSB’s entire consumer banking system and parts of their corporate banking services ground to a halt yesterday morning. Apart from raising the ire of frustrated customers, the bank now faces possible action from the Monetary Authority of Singapore. FRONT PAGE Wilmar511 words
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Article, Illustration710 2010-07-06 2 LYNETTE KHOO - Raising loan yields, cutting NPL and improving efficiency among key targets By LYNETTE KHOO [SINGAPORE] Agricultural Bank of China aims to improve loan yields to grow its profit, which is expected to jump by at least 30 per cent this year. ConsideredREUTERS/BLOOMBERG - 710 words
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Article, Illustration383 2010-07-06 2 [SINGAPORE] Former Temasek Holdings heir apparent Chip Goodyear could be in line to take over as BP chairman, the Financial Times (FT) has reported. A management clearout could come within the next few weeks, once a leaking oil well in theFILE PHOTO - 383 words
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242 2010-07-06 2 Reuters [SINGAPORE] Carrefour has launched the sale of units in Malaysia, Singapore and Thailand, sources with direct knowledge of the matter told Reuters, in a deal that could raise around US$1 billion for the French retailer. Carrefour is working with investment banks Goldman Sachs andReuters - 242 words
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Article, Illustration489 2010-07-06 4 SIOW LI SEN - Infrastructure works, personal spending enough to carry the day, says DBS chief By SIOW LI SEN [SINGAPORE] Asia’s robust growth will be affected but not derailed by what looks increasingly like a stalling of growth in the US and Europe, said DBS chief489 words
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347 2010-07-06 4 RACHEL SIM - Changes to SICCI-DBS awards aim to promote and recognise the best By RACHEL SIM [SINGAPORE] As trade between Singapore and India spikes, new ways are being devised to challenge and grow some of the companies that will make this possible. The Singapore Indian Chamber of347 words
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718 2010-07-06 4 Reuters [MELBOURNE] Australia’s Centennial Coal Co Ltd agreed to a US$2 billion takeover offer from Thailand’s Banpu Public Co Ltd, giving the top Thai coal group a long-sought beachhead in Australia. The deal is the first of several expected in Australia’s resourcesReuters - 718 words
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Article, Illustration739 2010-07-06 4 ™?;a stock Malaysia A special series brought to you by Bursa Malaysia and ShareInvestor “This year has been extremely good,” beamed Top Glove Corporation chairman Lim Wee Chai. Because of a higher-than-expected surge in demand for rubber gloves owing to the739 words
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Advertisement494 2010-07-06 2 KPMG Seminar Series SINGAPORE a~íÉ Monday, 16 August 2010 dççÇë ~åÇ pÉêîáÅÉë q~ñ EdpqF pÉãáå~ê GST for Real Estate Investment Trusts (REITs), Qualifying Registered Business Trusts (RBTs) and their Managers/Trustee Managers This one-day GST seminar is specially customised for REITs, RBTs, their managers/trustee managers and Special Purpose Companies (SPCs). qáãÉ494 words
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Advertisement9 2010-07-06 2 UOB to subscribe for $100m of shares, Page 59 words
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Page 3 Advertisements
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Advertisement147 2010-07-06 3 We were there when our grandparents used to hide their life savings under the bed. We were there when our parents kept their passbooks locked up in a drawer. We were there when most people did their banking in banking halls. These days, most people do their banking online. We147 words
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Advertisement686 2010-07-06 4 ADVERTISING FEATURE BUSINESS INSIGHTS BY CLARIDEN GLOBAL Clariden Global engages some of the world's most influential faculties to coach executives in Asia It shares how failure to implement the right strategies could prove costly even for highly successful global companies [SINGAPORE] Clariden Global has engaged some of the world's most686 words
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COMPANY NEWS
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570 2010-07-06 5 LYNETTE KHOO - China bank in town to make investor pitch as part of global roadshow By LYNETTE KHOO UNITED Overseas Bank is the first Singapore bank to join the action surrounding the initial public offer by Agricultural Bank of China. It has agreed to subscribe570 words
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Article, Illustration540 2010-07-06 5 KALPANA RASHIWALA - This marks the 5th departure of a senior exec at the group in last 2 years By KALPANA RASHIWALA PROPERTY giant CapitaLand yesterday announced the resignation of Patricia Chia as CEO of its Singapore residential business “to spend more time with her family”. Her540 words
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455 2010-07-06 5 NISHA RAMCHANDANI - SIAS sees no breach of the spirit of the law in Fortis deal By NISHA RAMCHANDANI THREE Parkway Holdings directors said again yesterday that their agreements with majority shareholder Fortis Healthcare would not stand in the way of their fiduciary duties to Parkway. Vice-chairman455 words
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398 2010-07-06 6 ARTHUR SIM - CMA to grant CMMT right of first refusal to acquire Gurney Plaza Extension By ARTHUR SIM METRO Holdings has announced that it exercised its put option to require CapitaRetail Gurney to acquire its interest in the 134,549-sq-ft retail property Gurney Plaza Extension398 words
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Article271 2010-07-06 6 KAREN NG - By KAREN NG SINO-FOREST Corporation has secured funding support for the group’s projects from the China Development Bank Corporation. Sino-Forest’s indirect wholly-owned subsidiary, Sino-Panel (China) Investments Ltd, has entered into a co-operative framework agreement with China Development Bank Corporation’s Guangdong branch (CDB), the group announced yesterday.271 words
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216 2010-07-06 6 ONLINE marketplace ST701 Jobs yesterday unveiled its new, improved portal for job seekers. In its first major revamp since it started in 2006, the Singapore Press Hold-ings-owned portal has been redesigned to cope with a growing number of users. Currently serving about 350,000216 words
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Article, Illustration310 2010-07-06 6 Bloomberg [LONDON] Prudential Plc, which last month abandoned its US$35.5 billion bid for AIA Group Ltd, is being spurned by Asian investors in its Hong Kong and Singapore listings, share trading data show. About 126,500 shares are traded daily on averageBloomberg; BLOOMBERG - 310 words
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277 2010-07-06 6 Bloomberg [MELBOURNE] Jupiter Mines Ltd, an Australian company developing manganese and iron ore mines, said Singapore company Temasek Holdings Pte is interested in its Tshipi project, sending its shares surging. Jupiter is also seeking to raise between A$70 million and A$100 million inBloomberg - 277 words
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275 2010-07-06 7 RACHEL SIM - Blackstone’s stake in China Animal Healthcare signals confidence EQUITY PLAYS Reports by RACHEL SIM ANALYSTS believe good prospects lie ahead for China Animal Healthcare following its announcement of a strategic investment by global private equity fund Blackstone. On the investment move, analysts at DMG275 words
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260 2010-07-06 7 ANALYSTS are bullish on China Fishery following news that the global equity fund, Carlyle Group, will take a stake. After the move was announced on June 29, Singa-pore-listed China Fishery’s share price rose 6.6 per cent from $1.83 to close at $1.95 the next260 words
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126 2010-07-06 7 Reuters [SINGAPORE/KUALA LUMPUR] Malaysian vegetable oil firms Mewah Group is planning an initial public offering in Singapore to raise around US$500 million, two sources involved in the deal said yesterday. The IPO is scheduled for the fourth quarter of this year, and the banksReuters - 126 words
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Article140 2010-07-06 7 Reuters [SEOUL] STX Group plans to list its European unit in Singapore in October to raise as much as US$570 million, according to a media report in Korea yesterday. STX Group will spin off STX Europe’s offshore plant and specialty vessel businesses for a SingaporeReuters - 140 words
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COMPANY BRIEFS
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78 2010-07-06 7 STARHUB has struck a million-dollar technology and network infrastructure deal with Park Regis Singapore. Under the multi-year contract, StarHub will provide structured cabling services, network infrastructure and unified communications systems for the 203-room hotel and its backend facilities. In addition, the telco will78 words
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125 2010-07-06 7 THE proposed management buyout of Contel Corporation for US$22.5 million in cash by Good Idea Ltd has lapsed. Good Idea, a wholly owned unit of Sharpthink Finance Ltd, agreed in 2009 to acquire the business of Contel, an audio and video equipment manufacturer. But125 words
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131 2010-07-06 7 HUP Soon Global Corporation Ltd said that its Thailand subsidiary, Anglo-Thai Company Ltd (ATC), has filed a new civil suit on July 1 against its former managing director, Seri Kulekaluck (SK). ATC is suing him for breach of fiduciary duty as a director131 words
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71 2010-07-06 7 BONVESTS Holdings said a unit has on May 29 incorporated a new company, Singapore Tunisian Investment Company Douz, with a share capital of Tunisian dinar 15 million (S$14 million). The main activity of the new company will be in construction, development, purchase, sale, hiring and71 words
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45 2010-07-06 7 COSCO Corporation (Singapore) Ltd said its Dalian yard will build two 82,000 dwt bulk carriers following the payment of the initial deposits by the shipowners. The vessels are expected to be delivered in April 2012 and July 2012.45 words
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74 2010-07-06 7 SEMBCORP Industries is a step closer to taking over Cascal. It said yesterday that Cascal’s board has decided to express no opinion and remain neutral regarding its tender offer. All of Cascal’s directors and executive officers plan to tender all of their shares for74 words
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Advertisement129 2010-07-06 5 t&ftv WW m w Serviced Offices Cost effective office and IT solutions Best address, best receptionist, best support Flexible lease terms starting at just one month All for less than the cost of a secretary W servcorp.com.sg HSERVCORP Servcorp Virtual Offices The most professional business image from $120 per month129 words
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Advertisement108 2010-07-06 5 $5 billion to manage 1,000 securities to choose 200 sources of information One Credit Suisse helping you find success Credit Suisse Equities One portfolio to manage, but thousands of stocks to choose. With Credit Suisse Equities, you get the resources you need global research with local perspective, rigorous quantitative analysis,108 words
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Advertisement2588 2010-07-06 6 Valuetronics VALUETRONICS HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) Registration No.: ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of VALUETRONICS HOLDINGS LIMITED ("the Company") will be held at M Hotel Singapore, Anson II Level 2, 81 Anson Road, Singapore *****8 on2,588 words
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Advertisement36 2010-07-06 6 OFFICE SPACE FOR LEASE New office space 1010 sqm overlooking waterfront Warehouse space available (if required) Located in Loyang Offshore Base HALLIN CORPORATE SERVICES PTE LTD For enquires, please contact Linda 6546 0341 or email linda.a@hallin.com.sg36 words
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Advertisement84 2010-07-06 6 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Take apermanent break from your aches. Designed for maximum comfort to soothe the most tired and aching muscles, you can finally experience complete holistic sleep and all the benefits that come with it. Visit our Fantasy Sleep Centre for your ultimate sleep solutions.84 words
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Advertisement26 2010-07-06 7 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. Q. 526 words
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Advertisement298 2010-07-06 7 Courts expands consumer credit programme with tailored solution v i I a LT The Client's Challenge To secure a SGD 100 million revolving securitisation with the headroom and flexibility to grow and implement expansion plans for Courts' consumer credit programme portfolio. Our Response With our in-depth five year working relationship298 words
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SINGAPORE MARKETS
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Article, Illustration629 2010-07-06 8 VEN SREENIVASAN - Local index closes only 0.17 of a point lower, following range trading on low volumes STOCKS VEN SREENIVASAN Senior Correspondent WITH Wall Street closed for the 4th of July holid a y s and Shanghai’s key index sliding to a 14-month low, there wasSource: Bloomberg - 629 words
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Article65 2010-07-06 8 Jul 5 VALUE CLOSE BT OB/OS -547.00-314.00 BT CADI -*****.00 -83.00 BT 10-day MA -*****.00 -55.00 FTSE ST Mid Cap 688.58 +0.62 FTSE ST Small Cap 516.94 -2.68 FTSE ST All Share 700.34 -0.15 FTSE ST China Top 256.36 -0.51 FTSE ST China 280.97 -1.81 FTSE ST65 words
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Article56 2010-07-06 8 VOLUME Genting SP 111,916,000 UniFiber 77,219,000 TopGlobal 46,342,000 ChinaAniH 36,971,000 K-Green Trust 32,479,000 Noble Grp 23,250,000 SoundGlobal 21,461,000 Healthway 20,929,000 Golden Agri 18,414,000 Abterra 14,834,000 VALUE($) Genting SP 128,531,200 JMH 99,606,229 OCBC Bk 42,685,630 Noble Grp 39,345,092 UOB 36,831,520 K-Green Trust 35,886,500 DBS Grp 32,422,384 SingTel 32,174,30156 words
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Article186 2010-07-06 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 29 69 64 5 3 12 34 72 76 Commerce 15 23 19 1 5 5 16 28 24 Tpt/Stor/Comms 12 17 11186 words
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Article115 2010-07-06 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,379 17,379 54,542 54,542 Manufacturing 167,753 6,325 174,078 134,575 223 134,798 Commerce 73,840 5,338 79,178 170,683 1,492 172,175 Tpt/Stor/Comms 65,676 674 66,350 115,713 99 115,812 Finance 13,094 13,094 125,880 125,880 Construction 93,261 60,887 154,148 6,881115 words
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Article111 2010-07-06 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.050 CapitaLand 3.610 -0.010 CapitaMall 1.930 +0.030 CityDev 11.060 +0.040 ComfortDelGro 1.450 -0.020 DBS Grp 13.900 +0.020 F&N 5.000 -0.090 Genting SP 1.150 -0.010 Golden Agri 0.530 HK Land 4.860 -0.030 JMH 36.440 +0.020 JSH 21.360 +0.160111 words
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Article, Illustration493 2010-07-06 8 CURRENCIES Reuters [LONDON] The US dollar steadied yesterday after falling on weak US jobs data late last week, while the euro edged down in subdued trade as concern over euro zone debt receded but markets fretted about the strength of the recovery. TradersReuters; BLOOMBERG - 493 words
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Article108 2010-07-06 8 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 4333 128.0 2.2 GLD 10US$ ***** 50.1 0.3 DBXT S&P Short 10US$ 5718 44.5 0.6 DBXT MSTaiwan 10US$ 1473 39.0 1.9 DairyFarm 732 23.7 2.4 JSH 2136 22.3 0.8 Lyxor EasternEurope1 447 22.3 3.7 Venture Corp 908 13.0 1.5 Wilmar 588 13.0108 words
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Article123 2010-07-06 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-167.0 -1.0 DBXT FTChina25 10US$ 2824 -71.0 -1.8 Lyxor MS India 10US$ 1514 -54.3 -2.5 OCC 3.93% NCPS10 8900 -50.0 -0.6 Jardine C&C 3064 -22.0 -0.7 F N.ES.1007 501 -21.0 -4.0 DBXT STGLDv100 10US$ 2507 -16.7 -0.5 DBXT CSI300 10US$ 797 -15.3123 words
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Article87 2010-07-06 8 Where S$ stands Jul 5 CHNG YR 2010 CLOSE FR Jul 2 S$ LOW S$ HIGH US$ 1.3927 0.05 1.4219 1.3680 Euro 1.7445 -0.13 2.0153 1.6886 Pounds 2.1060 0.55 2.2831 2.0003 A$ 1.1708 0.88 1.2960 1.1515 Yen* 1.5868 -0.14 1.5927 1.4467 Rupiah* 0.***** 0.11 0.***** 0.***** Baht* 4.2945 -0.3087 words
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Page 8 Advertisements
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Advertisement139 2010-07-06 8 Pulses July issue out now! Enjoy your copy of Pulses and a fresh medium espresso beverage for only $5.50 at any Spinelli Coffee outlet The IRs to add 1.7% points to GDP in a given year? From health to wealth: The attraction of real estate investment trusts. A potent mix:139 words
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SINGAPORE NEWS
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396 2010-07-06 9 FELDA CHAY - Purchasing Managers Index dropped to 51.3 in June from 52.2 in May By FELDA CHAY SINGAPORE’S manufacturing sector continued to expand in June, though at a slower pace from the month before as global manufacturing activity dipped. The Singapore Institute of Purchasing Materials396 words
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Article, Illustration316 2010-07-06 9 KALPANA RASHIWALA - By KALPANA RASHIWALA A PLUM freehold residential site at Dalvey Road has come on the market. Villa D’Este, being offered through a proposed collective sale exercise, has a land area of about 55,480 square feet. Its guide price of $115 million reflects316 words
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SINGAPORE ROUNDUP
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62 2010-07-06 9 HONG Leong Finance (HLF) has launched a new HDB home loan Blitz package, featuring interest rates as low as 1.13 per cent per annum among the lowest in the market. The package also features fixed rates starting from 1.43 per cent per annum.62 words
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Article84 2010-07-06 9 A COLLECTION of 16 original Olympic Games torches on loan from Olympic Museum Collections has arrived in Singapore ahead of the 2010 Youth Olympic Games. The torches from 16 Olympic Games from 1936 to 2008 will be on display at two exhibitions in August: “Blazing84 words
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300 2010-07-06 9 YOUNG Singaporean musicians will join their peers from Japan at a ChildAid Asia concert in Tokyo on Jan 8 next year. At ChildAid Asia 2011, the children will perform before an audience of about 1,800 at the Shinjuku Bunka Centre, a major300 words
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317 2010-07-06 9 Dawn event to celebrate racial harmony; BT/Knight Frank hawker guide will also be distributed A CULTURAL festival to celebrate community bonding and racial harmony is being planned for later this month with the support of the National Integration Council (NIC).317 words
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348 2010-07-06 9 JASLENE PANG - By JASLENE PANG SINGAPORE International Water Week (SIWW) 2010 ended on a high note last week for many local and international water companies. The total value of announcements for projects awarded, tenders, investments into Singapore and R&D MOUs exceeded $2.8 billion348 words
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225 2010-07-06 9 THE Singapore Human Capital Summit 2010 will take place on Sept 29 and 30 at Resorts World Sentosa. Co-organised by the Ministry of Manpower (MOM) and the Workforce Development Agency (WDA), the event is expected to draw more than 700 local, global and225 words
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Advertisement109 2010-07-06 9 Save more when you @ana.com.sql Save Time Flight booking at your finger tips Save Cash No Ticketing Service Fee Save Hassle Internet check-in for your convenience J ANA Mileage card members, Book online to earn bonus miles! Sign up for ANA Mileage Card Membership for FREE! Enjoy greater convenience, exclusive109 words
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Advertisement40 2010-07-06 9 Tamil Murasu is 75 Singapore’s national Tamil language daily Tamil Murasu turns 75 today, making it one of the oldest Tamil newspapers in the world. To mark the occasion, a bumper issue of the paper will be distributed free today.40 words
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SME Inc
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Article, Illustration835 2010-07-06 10 JASLENE PANG - Offshore cable supply group Cables International already has big plans as part of the Halcyon family, reports JASLENE PANG JASLENE PANG THE ink on an agreement to come under the big umbrella of Halcyon Offshore may not have dried yet, but offshore cable supply group CablesYEN MENG JIIN - 835 words
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516 2010-07-06 10 JASLENE PANG - By JASLENE PANG IN a move to provide greater value-add to its other investee companies, boutique venture consultancy and investment holdings firm Sirius Venture Group Pte Ltd has invested more than half a million dollars in STET Institute Pte Ltd. Following the516 words
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427 2010-07-06 10 TEH HOOI LING - By TEH HOOI LING THE past week hasn’t been that great for the small cap stocks as worries began to emerge on the sustainability of the global economic recovery. Twenty-six stocks in our portfolio declined compared with just two which advanced. The two which427 words
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Article, Illustration1159 2010-07-06 11 CHEN HUIFEN - The noodle manufacturer is the first to develop pasteurised noodles and sell them in supermarkets, reports CHEN HUIFEN CHEN HUIFEN PASTEURISATION may be a process frequently associated with milk, but if homegrown Tan Seng Kee Foods Pte Ltd (TSK) has its way, pasteurised noodlesYEN MENG JIIN - 1,159 words
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Article, Illustration809 2010-07-06 11 Brought to you by SINGAPORE ACCREDITATION COUNCIL In the shipping business, getting poor quality or inaccurate quantity of marine fuel or bunker may lead to unnecessary delays which may result in massive losses. "The wrong quality of fuel could damage the machinery and affect809 words
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Article2806 2010-07-06 12 THIS WEEK’S TOPIC SMEs traditionally find it hard to retain talent. What are some initiatives your firm has implemented to retain employees? What challenges stand in the way of keeping talent? Monica Yeo HR Manager HSR Property Group HSR Code Of Honour #6 elaborates on the fact that2,806 words
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Article1154 2010-07-06 13 LAU GEOK THENG - Marketers cannot ignore the effect and impact of the World Cup COMMENTARY By LAU GEOK THENG IS THE World Cup a marketing extravaganza or just hype with limited impact? Let’s take a look. The World Cup is a truly global event. Although total attendance at the matches1,154 words
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Article, Illustration548 2010-07-06 13 ESTHER SOH - By ESTHER SOH MANY wish their social life was better. And Internet sites such as Facebook have been a big help. But Foound creator Danny Tan reckons more can be done. The fact that people still feel the same frustrations proves no one has548 words
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Advertisement81 2010-07-06 10 f—' v "1 c "7 C PJ U H < A r I I r"> J •n rJ i J "7 c •n "1 FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. -n I r nJ L81 words
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Advertisement5 2010-07-06 10 SME VOICES Retaining talent PG5 words
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Advertisement317 2010-07-06 12 i w Subscribe to 1-year or 2-year of a Daily Newspaper STRAITS TIMES. BERITA HARIAN I 0 <tprr<*-3-month of another Newspaper STRAITS TIMES. THE BUSINESS TIMES ft 4*® ft Visit us at Flavour Fiesta AMK Hub AMK Hub, B1 Exhibition Hall 5-18 July *****10am 10pm The bundle must be made317 words
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Advertisement134 2010-07-06 12 Voices Next week’s topic: A review of the definition of SME in Singapore is underway. Currently an SME is classified as an enterprise with no more than $15 million in fixed asset investment, and a maximum of 200 employees (for those in services sector). As the new definition could have134 words
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Advertisement84 2010-07-06 13 WHETHER YOUR BUSINESS IS BIG OR SMALL, WE’RE EXACTLY THE RIGHT SIZE. At DHL we understand that different companies need different logistics solutions. That’s why we provide air, ocean and road freight expertise that caters for your specific requirements. And we offer you flexibility and easy access to a wide84 words
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ECONOMY WATCH
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910 2010-07-06 14 Officials focus on plugging loopholes, not on changing trends; South Korea a test case for market’s tolerance ANALYSIS Reuters [HONG KONG] Having learned lessons from the past, emerging Asia is showing caution about adopting heavy-handed capital controls to curb heavy investment inflowsReuters - 910 words
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Article, Illustration503 2010-07-06 14 AFP [STOCKHOLM] The Swedish economy is set for unexpectedly strong growth this year, marking a rare bright spot in beleaguered Europe, Finance Minister Anders Borg said yesterday. The finance ministry upgraded sharply its forecast for growth to 3.3 per cent this year fromAFP - 503 words
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507 2010-07-06 14 Reuters [SYDNEY] Australian job advertisements rose for a second month in June, while car sales hit a record and a private measure of inflation rose enough to keep policy makers on edge as they weigh the outlook for interest rates this week.Reuters - 507 words
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Advertisement2468 2010-07-06 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NEW WAVE HOLDINGS LTD. (Company Registration No. *****6870Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of New Wave Holdings Ltd. (the "Company") will be held at 10:30 a.m. (or as2,468 words
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MALAYSIA/INDONESIA
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Article, Illustration349 2010-07-06 15 Bloomberg [JAKARTA] Indonesia kept interest rates unchanged for an 11th month, bucking a trend from Taiwan to India, as policy makers judge they have time to strengthen economic growth before responding to faster inflation. Bank Indonesia maintained its reference rate at 6.5 per cent, itBloomberg; AP FILE PHOTO - 349 words
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480 2010-07-06 15 PAULINE NG - The 2% rise in pool betting duty by the government surprises analysts By PAULINE NG TWO recent decisions on gaming have raised questions as to whether Malaysia is contemplating reform of “sin” sectors. A decision 10 days ago not to legalise480 words
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Article238 2010-07-06 15 Zulkifli Zaini replaces Agus Martowardojo, who’s now Indonesia’s finance minister Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia’s largest financial services company by assets, named Zulkifli Zaini as president director to replace Agus Martowardojo, who was appointed as the country’s finance minister in May. The appointment requiresBloomberg - 238 words
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Advertisement2858 2010-07-06 15 MATS NOTICES •SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg ROTOL SINGAPORE LTD (Incorporated in the Pepublic of Singapore) Co. Reg. No. *****0473W Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 17 Tuas Avenue 9, Singapore2,858 words
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GREATER CHINA/INDIA
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504 2010-07-06 16 It bans products that channel clients’ money into major industries Reuters [BEIJING] China’s banking regulator has ordered trust companies to halt the launch of wealth management products that channel bank clients’ money into key industries, sources told Reuters yesterday. The instruction marks aReuters - 504 words
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143 2010-07-06 16 Reuters [BEIJING] China’s high economic growth and expectations of a stronger yuan are luring global speculative funds into its stock and property markets, a senior foreign exchange regulator said in remarks published yesterday. Deng Xianhong, vice-head of the State Administration of Foreign Exchange, saidReuters - 143 words
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Article, Illustration491 2010-07-06 16 But central govt says fuel price rise will not be rolled back AFP [NEW DELHI] An opposi-tion-led strike over fuel price rises disrupted life across India yesterday, triggering transport mayhem and sporadic violence in major cities where schools and businesses closed down. FlightsAFP; AP - 491 words
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271 2010-07-06 16 Reuters [TAIPEI] China has asked Taiwan to open its US$390 billion economy wider to investment from the global economic powerhouse after the signing of a landmark trade pact and a warming of political relations. Taiwan’s Central News Agency reported that Beijing askedReuters - 271 words
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213 2010-07-06 16 Bloomberg Reuters [NEW DELHI] India’s central bank signalled it’s set to raise interest rates again after an unscheduled increase last week, on concern that increased consumer spending and higher fuel prices will stoke inflation. India’s US$1.2 trillion gross domestic product expanded 8.6Bloomberg; Reuters - 213 words
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Advertisement677 2010-07-06 16 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 DIAMOND STONE PTE. LIMITED (Co. Reg. No: *****3818Z) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 30 June 2010, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That the677 words
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Advertisement77 2010-07-06 16 Internationally flavoured with unique Oriental DNA, the bilingual ZbBz reaches out to the elite high networth readers who appreciate life's finest art, gastronomy, travel, fashion, lifestyle more. Available every first Friday of the Month Borders, Kinokuniya,Page One, Prologue etc. July issue out now. For advertising opportunities, contact Ellen Lee 631977 words
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ASIA-PACIFIC
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Article, Illustration770 2010-07-06 17 New president needs to show Philippines can commit to reform Reuters [MANILA] Philippine President Benigno Aquino III used his recent inauguration to make a pitch for foreign investors to return, but they want to see changes first and their model forReuters; REUTERS - 770 words
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251 2010-07-06 17 Reuters [TOKYO] New inflows into Japanese retail mutual funds dropped sharply for the second month in a row in June, industry data showed, as global share prices fell and worries over the euro zone debt crisis lingered. Newly launched investment trusts or “toushin”Reuters - 251 words
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Page 17 Advertisements
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Advertisement908 2010-07-06 17 Tung Lok Restaurants (2000) Ltd (Incorporated in the Republic of Singapore) Registration No.*****5703N Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the 10th Annual General Meeting of TUNG LOK RESTAURANTS (2000) LTD will be held at Orchard Parade Hotel, 1 Tanglin Road, Level 2, Antica Ballroom, Singapore *****5908 words
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Advertisement2402 2010-07-06 17 (Incorporated in the Republic of Singapore) (Registration No. *****1961C) N O TI C E O F ANNUAL G ENERAL MEETIN G NOTICE IS HEREBY GIVEN that theAnnual General Meeting of the Company will be held at 149 Rochor Road Fu Lu Shou Complex #05-13/15 Singapore *****5 onThursday,29 July 2010 at2,402 words
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ASIA-PACIFIC/WORLD
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Article, Illustration897 2010-07-06 18 Strike would be first action at BT in 23 years, after union rejects pay deal Bloomberg [LONDON] BT Group Plc, facing its first strike in 23 years, is asking managers to stand by to help fix telephone services and field customer calls,Bloomberg; REUTERS - 897 words
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207 2010-07-06 18 AFP [TOKYO] Japanese trading house Itochu Corp said yesterday it will buy a 20 per cent stake in US lithium extraction start-up Simbol Mining, winning exclusive rights to sell the precious metal in Asia. The deal comes amid runaway demand fromAFP - 207 words
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245 2010-07-06 18 Reuters [KUWAIT] Opec member Kuwait may buy some of BP’s Middle East and Asian assets, a Kuwait newspaper said yesterday, as part of the British oil company’s attempt to raise funds and fend off takeover bids. Arabic language daily al-Jarida, citing oil sources, saidReuters - 245 words
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Page 18 Advertisements
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Advertisement3480 2010-07-06 18 MATS NOTICES mi MEGHMANIORGANICS LIMITED NOTICE IS hereby given that the Sixteenth Annual General Meeting of the Members of Meghmani Organics Limited (the "Company") will be held on Wednesday, 28th July, 2010 at 10.30.a.m. at H T Parekh Convention Center, Ahmedabad Management Association, Atira, Dr. Vikramsarabhai Marg, Vastrapur, Ahmedabad -3823,480 words
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Advertisement305 2010-07-06 18 INTHEMATTEROF THE OMPANIES 50 AND IN THE MATTER OF RAIT SIN POREPTE. TD. REG. O.***** 33Z (INMEMBERS’ UNTAR LIQUID TION) NNOOTICEOFRESOLUTIONS [Pursuant Section290(2)(b)] AAtt anExtraordinar Gener Meeting he Compan deemed beheldon30t June 20 he following esolutions duly passed:tI t It wwsa s as RESOLVED: ASSPECIALRESOLUTIONS (1)That tthhee Compan be wwound305 words
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WORLD CUP
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Article1062 2010-07-06 19 MALMINDERJIT SINGH - COMMENTARY By MALMINDERJIT SINGH THE semi-finalists are finally confirmed and each of the four teams is only a step away from reaching the World Cup final on July 11. While football enthusiasts are awaiting the feast to resume, it also gives all of us1,062 words
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Article, Illustration731 2010-07-06 19 LEE U-WEN - SEMI-FINAL PREVIEW By LEE U-WEN [SINGAPORE] Just how much energy does Uruguay have left in their tank? Taken to the limit by a battling Ghana in the quarter-finals, the South Americans had Lady Luck firmly on their side as theyAFP - 731 words
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Page 19 Advertisements
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Advertisement630 2010-07-06 19 SKYONEHOLDINGSLIMITED (Compan RegistrationNo:*****2949M) (Incorporated theRepublic Singapore) (the Compan NOTICEOFEXTRAORDINAR GENERALMEETING NOTICEISHEREBYGIVENTHA an xtraordinar gener meeting(the EGM)” ”)o fo of theCompan will be held NootelSingaporeClar Qua MaceRoom,Le 177ARiv alle Road,Singapore*****1on 28 uly 2010 10a.m.(orassoonas acticab ollowing theconclusion adjournment theannual gener meeting theCompan AG conenedonthesameda and thesameplace a.m.) the purpose consideringand, thoughtfit,passingthe630 words
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WORLD
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Article, Illustration889 2010-07-06 20 Urgent need to cut debt, which rose 46.5b euros in Q1 to hit 80.3% of GDP AP [PARIS] Officially, France has no single grand plan to cut the enormous national debt that has contributed to fears about Europe’s financial stability. Bit by bit,AP; AFP - 889 words
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650 2010-07-06 20 Development costs are high and legal hurdles are many Reuters [FRANKFURT] High development costs, complex manufacturing and legal hurdles are holding back generic drugmakers seeking to copy pricey biotech medications nearing the end of their patents. Access to the nascentReuters - 650 words
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225 2010-07-06 20 AFP [BERLIN] German budget overspending is on course to be sharply lower than feared because of unexpectedly robust recovery from the economic downturn, a draft budget obtained by AFP yesterday suggests. Germany’s federal budget deficit will amount to about 65 billion euros (S$113.6AFP - 225 words
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288 2010-07-06 20 AFP [BRUSSELS] A key leading indicator of growth in the eurozone slowed for the second month in a row in June amid weaker exports, waning domestic demand and a slowdown in orders, a reference survey showed yesterday. The Purchasing Managers’ Index (PMI)AFP - 288 words
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818 2010-07-06 20 Some pros use their wines to finance charitable bodies NYT [NEW YORK] Nick Faldo has a crisp shiraz with a hint of licorice. The Jack Nicklaus cabernet sauvignon has aromas of blackberry, red plum and cedar. Luke Donald’s wines includeNYT - 818 words
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Article, Illustration816 2010-07-06 21 Democrats, Republicans harden their positions on budget deficit and unemployment problems NYT [WASHINGTON] Members of Congress left for a recess over the weekend having failed to agree on legislation to address the nation’s fragile employment picture, with both parties placing starkly differentNYT - 816 words
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Page 20 Advertisements
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Advertisement593 2010-07-06 20 NOTICES BUY IT SELL IT FIND IT BROADWAY INDUSTRIAL GROUP LIMITEDI BROADWAY INDUSTRIAL GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5266K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Broadway Industrial Group Limited (the "Company") will be held at593 words
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Page 21 Advertisements
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Advertisement2474 2010-07-06 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda with Limited Liability) (Company Registration No. EC *****) NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting (“AGM”) of Biosensors International Group, Ltd. (the “Company”) will be held at Traders Hotel, 1A Cuscaden Road, Penang2,474 words
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EDITORIAL & OPINION
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Article459 2010-07-06 22 EDITORIAL IN exactly a year, the organisation that steers the global commercial aviation industry will have a new leader. The person who replaces Giovanni Bisignani at the helm of an organisation which represents 96 per cent of scheduled airlines around the world will have459 words
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Article, Illustration799 2010-07-06 22 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent AS expected, US President Barack Obama and his opponents on the political right tried to put their respective spins on the job market report issued by the US Labour Department on Friday. “Make no799 words
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Article, Illustration922 2010-07-06 22 NEIL BEHRMANN - Anti-business rhetoric, higher taxes and other policies have dampened business incentives NEIL BEHRMANN London Correspondent DEVELOPED nations require radical innovative economic policies to combat low growth and growing unemployment. Current economic measures are patently not working as each economic cycle has failed toAFP - 922 words
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Article, Illustration1087 2010-07-06 23 KOBUS BEUKES - The law allows prosecution for bribery committed abroad by British firms and persons who have a close link with UK By KOBUS BEUKES The writer is director, Forensic Services at Deloitte Singapore and Southeast Asia. He may be contacted at kbeukes@deloitte.com THEREUTERS - 1,087 words
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Article, Illustration1147 2010-07-06 23 KEITH BRADSHER - By KEITH BRADSHER NYT PREMIER Wen Jiabao has promised to use an “iron hand” this summer to make his nation more energy efficient. The central government has ordered cities to close inefficient factories by September, like the vast Guangzhou Steel mill here, where mostNYT; BLOOMBERG - 1,147 words
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306 2010-07-06 23 LETTERS TO THE EDITOR LARRY Haverkamp (“Consumers deserve more clarity on insurance policies”, BT, July 1) may have misunderstood some of the points in the letter from the Monetary Authority of Singapore (“Insurance data already available on MAS website”, BT, June 22). Insurance306 words
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218 2010-07-06 23 I REFER to the report “More safety rules for building sites to reduce accidents” (BT, July 3). There were 15 deaths in the construction industry in the first half of 2010. At this rate, fatalities by year-end may equal that of last218 words
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AVIATION
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Article, Illustration361 2010-07-06 24 Jetstar, to fly from Singapore, and AirAsia X could hurt incumbents: analyst Bloomberg [SINGAPORE] Qantas Airways and AirAsia are challenging Singapore Airlines and other full-service carriers with a low-fare, long-haul business model that has previously failed. Qantas’s Jetstar unit will add budgetBloomberg - 361 words
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230 2010-07-06 24 AFP [TOKYO] Japan’s main international gateway, Narita Airport near Tokyo, yesterday started testing full-body scanners as an additional security measure, despite privacy concerns. The transport ministry said it will test five different types of scanners, which can see through clothing and are made by US,AFP - 230 words
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Article2987 2010-07-06 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 00252,987 words
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808 2010-07-06 24 Dulles incident is latest of 22 errors out of Washington LAT-WP [WASHINGTON] A 120-seat United Airlines plane bound for Reagan National Airport from Chicago narrowly avoided colliding with a business jet departing from Dulles last Monday, the latest of 22 recentLAT-WP - 808 words
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Page 24 Miscellaneous
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Miscellaneous310 2010-07-06 24 CRYPTIC CROSSWORD Across 1 Virtually unique service and comfort (6) 4 service and structured care, making a killing (8) 9 Return looking embarrassed about enjoyment (6) 10 Creating a remarkable end to match? (8) 11 Man captured in photos gets profits (8) 13 Gun, with nothing left inside, is hot310 words
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3247 2010-07-06 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.3,247 words
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Page 25 Advertisements
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SHIPPING
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Article, Illustration484 2010-07-06 26 Major lender RBS says vessel prices more likely to go down than up Bloomberg [LONDON] Most Greek shipowners, who account for more vessel orders than any other nation, are waiting for prices to drop before expanding their fleets, according to Royal BankBloomberg; BLOOMBERG - 484 words
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Article278 2010-07-06 26 SGX '000 Jul 5 S$ +/-Vol CH Offshore 0.54 0.02 1587 Chuan Hup Hldg 0.26 unch 1 Cosco Corp 1.45 0.02 9442 CWT Ltd 0.87 -0.01 412 Ezra Hldgs 1.75 -0.02 2424 First Ship Lea 0.38 unch 610 Freight Links 0.05 -0.01 993 Grand Banks unch unch 0278 words
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498 2010-07-06 26 Its expenses related to oil leak crosses US$3b mark Reuters [LONDON] Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its US oil spill toppedReuters - 498 words
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150 2010-07-06 26 Bloomberg [TAIPEI] CPC Corp, Taiwan’s state-owned oil company, and its partners in a shipping venture planned to commission the building of six crude oil tankers and one oil product carrier to replace existing vessels. The venture, in which the oil refiner will hold 48Bloomberg - 150 words
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305 2010-07-06 26 Reuters [SINGAPORE] Singaporebased joint-venture firm Matrix Bharat Marine Fuels (MXB) will start supplying bunker fuel to two ports in Kochi on the Indian west coast from July 22, to capitalise on growing demand in the country, its managing director said yesterday.Reuters - 305 words
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Page 26 Advertisements
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Advertisement29 2010-07-06 26 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2010-07-06 26 Experienced Stlfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8869 2010-07-06 27 Transaction date: Jul 5 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 7.5 3148 8Telecom 15.5 15 15.5 1.7 11.7 5 74.2 10 5.5 5834 A-Sonic 7 -0.5 198,869 words
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Article1793 2010-07-06 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 4.5 5.5 27.8 4.8 24 13 8538 t APStrategic 20 unch 15 20 17.5 17.51,793 words
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Article9389 2010-07-06 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.9363/0.9363 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.572/ Asian Credit Fund 1.2376/ Asian9,389 words
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Article753 2010-07-06 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 107 6389 ABF SG Bond ETF 116 unch 3 116 116 111.1 116 529.5 883 632 CIMBAsean40 100US$ US845 841 846 33.8 306753 words
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Article70 2010-07-06 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27.5 6000 AVJennings A42 39.5 47 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US18.5 unch 1590 19 18.5 18 18.570 words
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FINANCE & COMMODITIES
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374 2010-07-06 29 In local curr In S$ In US$ dy yr dy yr dy yr Jul 2 Index Change Change Change Change Change Change World Index Preliminary 754.7 -0.3 -9.4 -0.5 -12.2 -0.1 -11.4 EAFE Preliminary 703.1 0.3 -10.4 0.3 -15.5 0.7 -14.8 Europe Preliminary 1009.1 0.3374 words
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Article180 2010-07-06 29 Jul 5 $S Offer Bid Overnight 0.05 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12180 words
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Article22 2010-07-06 29 Jul 5 S$ Bid Offer 1-month 1.3915 1.3928 2-months 1.3912 1.3926 3-months 1.3910 1.3924 6-months 1.3903 1.3917 Source: OCBC22 words
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Article132 2010-07-06 29 Jul 5 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1610 1.1960 Can dollar 1.3030 1.3190 Euro 1.7370 1.7580 NZ dollar 0.9500 0.9700 Sterling pound 2.1020 2.1270 US dollar 1.3850 1.4010 Local dollars to 100 units of foreign132 words
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Article27 2010-07-06 29 Jul 5 Open High Sett STI Jul 2844 SIMSCI Jul 339.1 340.7 338.0 Taiwan Jul 251.9 257.5 257.0 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-07-06 29 Jul 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2401 2380 2401 2380 534 3757 Aug 10 2357 2311 2359 2311 1606 ***** Sep 10 2333 2290 2338 2290 7301 ***** Oct 10 2320 228266 words
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Article412 2010-07-06 29 Jul 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.3950 0 2795 Dec10 99.2900 0 1346 Mar11 99.1950 0 1421 Jun11 99.0650 0 2145 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6750 99.6500 99.6750 57 3319 Dec10 99.6825 0 1272 Mar11 99.6875 0 1909 Jun11 99.6700 99.6800412 words
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Article125 2010-07-06 29 Jul 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 339.5 339.5 339.5 4 Sep 10 311.0 Oct 10 305.5 Nov 10 304.0 Dec 10 303.5 Jan 11 303.5 Feb 11 303.5 Mar 11 303.5 Apr 11125 words
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Article93 2010-07-06 29 Jul 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 07.10.2010 0.32 0.33 0.27 1-Year BY*****W 03.05.2011 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.53 104.55 104.55 5-Year N*****0N 1.375 01.10.2014 102.3693 words
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Article105 2010-07-06 29 Jul 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 962.75 953.50 967.25 950.50 Aug 10 944.50 937.00 948.50 934.75 Sep 10 916.25 915.50 922.25 912.75 Nov 10 905.75 905.50 912.50 903.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 36.01 35.87 36.32105 words
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Article77 2010-07-06 29 CRUDE OIL PRODUCTS Jul 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 71.68 -0.28 WTI (Near Mth) 72.21 -0.34 Dubai (1-Mth F) 70.90 -1.43 Tapis blend 76.95 -1.40 Minas 73.45 -2.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 66.77 -1.34 Jet Kerosene 82.45 -2.25 US$/barrel Opec Oil77 words
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2188 2010-07-06 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 -0.5 1 1 15 -10 6.67 46 4085 ASJ Hldgs W*****1 3 -0.5 200 1 4 8 2.17 19 2036 Advance SCT Ltd W*****9 0.52,188 words
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Article465 2010-07-06 29 Jul 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.894 5.701 0.672 6.558 39.356 76.345 0.740 10.306 2.704 1.221 71.978 39.120 1.172 6.517 0.895 27.107 27.297 0.555 0.842 Canada 1.118 6.373465 words
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Article85 2010-07-06 29 Jul 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-07-06 29 Jul 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1718 1.1732 0.8420 0.8422 Canadian dollar 1.3098 1.3118 0.9412 0.9417 Euro 1.7434 1.7454 1.2527 1.2530 NZ dollar 0.9594 0.9610 0.6894 0.6899 Sterling pound 2.1108 2.1133 1.5167 1.5171154 words
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Article141 2010-07-06 29 Jul 5 GOLD (US$/oz) Jul 02 Jul 05 Hong Kong 1209.50 1210.10 Jul 01 Jul 02 London 1217.30 1205.60 1218.30 1206.40 Source: Thomson Reuters CAST BAR Jul 05 (S$) Selling Buying Kilobar 58,433.77 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 55 5gm 371.29 273 10gm 663.4141 words
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Article71 2010-07-06 29 Jul 2 Jul 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1911.50 1900.75 3 months 1936.50 1926.00 Copper, Grade A (US$/tonne) Cash 6380.00 6299.50 3 months 6410.00 6330.00 Lead (US$/tonne) Cash 1728.75 1710.75 3 months 1753.00 1735.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-07-06 29 Jul 2 COCOA (£/tonne) Close Prev High/Low Jul 10 2555 2567 2610/2542 Sep 10 2378 2408 2415/2365 Dec 10 2199 2244 2252/2198 Mar 11 2164 2205 2215/2157 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1729 1740 1774/1686 Sep 10 1750 1766 1795/1697 Nov 10 1748 1761 1792/1701 Jan 1182 words
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PROPERTY
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Article, Illustration397 2010-07-06 30 KALPANA RASHIWALA - It will develop a 20-storey apartment building, with prices at about $1,400 psf By KALPANA RASHIWALA BOUTIQUE developer BS Capital has bought a freehold site at Kim Keat Road-Lorong Ampas for just over $36 million or $670 per square foot of potential397 words
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412 2010-07-06 30 It believes focus on premium properties will place it ahead of competition Bernama [KUALA LUMPUR] Sunway City Bhd (Suncity), developer of the Sunway Integrated Resort City in Bandar Sunway, expects prices at its property launches to increase by 20 per cent thisBernama - 412 words
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870 2010-07-06 30 Downgrade of credit rankings by ratings agencies makes borrowing costlier Bloomberg [DUBAI] Syariah-compliant loans slumped to a fiveyear low in Europe, the Middle East and Africa in the first half on credit-ratings downgrades and falling property prices. Islamic syndicated loans declinedBloomberg - 870 words
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Article, Illustration466 2010-07-06 31 Bloomberg [HONG KONG] Hong Kong’s home sales fell to the lowest level in 14 months in June, as the city’s government tried to rein in rising prices with rules on new home sales. Total sales of residential units fell to HK$33 billionBloomberg; REUTERS - 466 words
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262 2010-07-06 31 Reuters [HONG KONG] Chinese developer Glorious Property says it is cautious about the outlook for sales later this year, after the central government unveiled harsh measures to rein in the red-hot property sector. The Shanghai-based developer logged contracted sales of 4.2 billion yuanReuters - 262 words
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673 2010-07-06 31 OLIVIA HO - Korean investors building up property holdings in Asia, including Singapore By OLIVIA HO SOUTH Korean investors are keen on a larger slice of their Asian neighbours’ real estate pie and some of them have their eye on Singapore. Korean investment in Asian673 words
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Page 30 Advertisements
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Advertisement139 2010-07-06 30 RARE DALVEY ROAD RESIDENTIAL REDEVELOPMENT SITE OPOSEDS TEVE LT WHTE HOUSE GCBA SRAEL THE RESIDENCE LADY RUSSIAN HILL SHANGRI NASSIM ROAD EMBASSY HOTEL GCBA RAFFLES JAPAN GIRLS SEC CLUNYPARK EMBASSY GCBA ARDMORE SPORE BOTANIC GARDEN PARK NASSIM PARK RESIDENCES Prominent corner location; Dalvey and Stevens Road Regular shaped site, area139 words
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Advertisement90 2010-07-06 30 KnightFrank.com.sg FREEHOLD FOR SALE BY a Novena .Novena Square Mou mein Road Mmiton w Goldhill Plaza United Square i (Junior). 4 SJI Junior "»a, NorioJK£22--SUBJECT SITE 1 "HMSwdRoad Little India m LAND TENDER Freehold Residential Redevelopment Land at Hertford Road 100% owners' consent Land area 1,445.1 sq m (approx. 15,55590 words
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Page 31 Advertisements
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Advertisement251 2010-07-06 31 ■V EmVNiN.GJ 9847-6899 Newsman Realty Pte Ltd Cove Way Elegant 6800/8000sqft 2 1/2 storey modern home Gracious master suite Lovely golf course views Asking $2800psf neg Treasure Island (3 viiias)| Ranging fm 8500 12,000sqft land Variants of 9000 12,000sqft built-up Resort-like, faces waterway Each with private berth Asking $2800psf neg251 words
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Advertisement90 2010-07-06 31 For Sale By Tender TS19-*****KTS19-*****PTS19-*****T TS19-*****N TS19-*****W TS19-*****W TS19-*****N TS19-*****C TS19-*****X MACKENZIE ROAD TS19-*****N TS19-*****T Global Real Estate Group 490 Lorong 6 Toa Payoh #09-15 Singapore *****0 Mackenzie Mansions (District 9) Site Area 12,890 sq ft MP 2008 Zoned ‘Residential’ Freehold Plot Ratio 2.1 (24m AMSL) Residential Apartment Block Near90 words
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Advertisement167 2010-07-06 31 OFFICE SPACE FOR LEASE REGENCY HOUSE ST X\ -N\ K N\ ■N x I A X 1 i t* m 1 m lift ffl if ft Unit sizes from 1,700 sq ft to 8,030 sq ft Minutes walk to Dhoby Ghaut and Somerset MRT Stations Conveniently located near shopping, banking167 words
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Page 32 Advertisements
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Advertisement116 2010-07-06 32 MARKETS get thinking FX/CFD trading Trade world indices and commodities in SGD and avoid currency exposure. i 4 EURO \-R44 M S1 2 k20 :v ■V m HK *****529 C lOO mamm 9W! r HEIMIU]) STA'. miiirnr rH rH SGD-denominated CFDs available on major indices and commodities. Eliminate your currency116 words
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