The Business Times, 2 August 2010

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, August 2, 2010
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  • 546 1  -  It’s also enhancing cluster knowledge, says chief executive By EMILYN YAP [SINGAPORE] With a long list of new and ongoing projects to look after, JTC Corporation’s chief executive officer Manohar Khiatani hardly has time for hobbies. He would like to pick up golf,
    JOHN HENG  -  546 words
  • 680 1  -  EDB expects biomedical production volumes to rise by 5-10% this year By TEH SHI NING [SINGAPORE] There is room for more global pharmaceutical and medical technology companies in Singapore and the Economic Development Board (EDB) is sanguine about prospects for further
    FILE PHOTO  -  680 words
  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,987.70 +14.23 KL COMP 1,360.92 +15.24 NIKKEI 225 9,537.30 +106.34 HANG SENG 21,029.81 +214.48 SET INDEX 855.83 +15.59 JAKARTA COMP 3,069.28 +27.26
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  • Page 1 Advertisements
    • 191 1 BizIT Iomega ready for Asia CORPORATE BOARDS Do academics make good directors? PAGE 16 DINING OUT New treats at Saint Pierre VIEWS FROM THE TOP Keeping businesses dry PAGE 10 PAGE 20 PAGE 27 longitude. Latitude. AMhide. Portuguese Automatic. Ref.5001 Where you go is entirely up to you. After all,
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    • 3 1 8 "*****1 *****4
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  • TOP STORIES
    • 553 2 Lots of room still for biomed firms in S’pore THERE is room for more global pharmaceutical and medical technology companies in Singapore and the Economic Development Board is sanguine about prospects for further investments in the sector. And despite the recent pullback in biomedical output as reflected in
      553 words
    • 1026 2  -  Market frets over slow economy as major jobs report looms on Friday WALL STREET INSIGHT By ANDREW MARKS IT’S been a great four weeks on Wall Street. But as July gives way to August, and a new monthly employment report looms on Friday, doubts
      XINHUA  -  1,026 words
    • 432 2  -  EMA plans to simplify rules for suppliers to grid By RONNIE LIM [SINGAPORE] Singapore is moving to boost incentives to use solar energy. With more commercial and industrial players installing solar panels, the Energy Market Authority (EMA) plans to simplify the rules so they
      432 words
    • 491 2  -  Group to expand its portfolio by over 50% in next five yrs By EMILYN YAP CAPITALAND’Sservice residence arm, The Ascott Limited, is expanding its portfolio by more than 50 per cent in the next five years. The division hopes to contribute more significantly to CapitaLand
      491 words
    • 727 3  -  Trade sources say S’pore has a key role as British firms zoom in on Asia By NEIL BEHRMANN UK Premier David Cameron’s huge delegation to India emphasises that the new coalition government is intent on increasing and broadening two-way trade and investment
      AP  -  727 words
    • 571 3  -  Top quality speakers at event to be held at MBS conference centre By CHEW XIANG [SINGAPORE] Institutional and private investors will be able to interact with chief executive officers of some of the best performing public listed companies in Singapore and South-east
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  • Page 2 Advertisements
    • 89 2 J II V o 1 I fb An Invitation To A Savoury Summit. Attain new culinary heights when you dine on a golden feast of premium bird's nest cuisine this August. Savour one of the purest delicacies nature has to offer at Si Chuan Dou Hua Restaurant's Bird's Nest Feast.
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  • Page 3 Advertisements
    • 66 3 Better lifestyle I ECO-FRIENDLY HOME APPLIANCES, PROUDLY BROUGHT TO YOU BY HITACHI HOME ELECTRONICS ASIA (S) PTE. LTD. m ECO-FRIENDLY LED TV INVERTER AIR CONDITIONER INVERTER WASHING MACHINE TOMORROW TPGETHER Putting your dream home together is just more rewarding when you have the right partner that delivers beyond your needs,
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    • 213 3 %1/estpac Australia's First Bank up to for 12 months (AUD250,000 and above, for new funds only) Other promotional offers 3 months up to 4.75% p.a. 6 months up to 5.00% p.a. AA Credit Rating Established in 1817 Australia's oldest bank A leading global bank in sustainability# For larger amounts and
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  • COMPANY NEWS
    • 893 4 At a glance Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG HK Land 1,945.87 -562.96 nm 1,070.37 729.58 46.7 Jardine Strategic 1,634.03 412.71
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    • 721 4  -  HOCK LOCK SIEW By JAMIE LEE BABY-SITTING a rascal isn’t a lot of fun. And FM Holdings, the first Catalist listing to be forced to leave by the Singapore Exchange (SGX), is like that child who throws his food on the floor and
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    • 263 4 Jointly brought to you by The Business Times and “Live Our Dreams, Fly Our Flag” Singapore has helped me achieve my dream and I am proud that Hyflux flies Singapore’s flag as we evolve into a leading global water solutions company. Since gaining independence in 1965, Singapore
      263 words
    • 56 4 Branchen Stars R1C-A EUR db X-MACROTrading Index Fund I4D GBP DB Platinum II 26/07/10 123,18 22/07/10 97,47 FX Select Guaranteed Fund R1D 23/07/10 100,74 USD DB Platinum IV Balanced Currency Harvest Euro I1C EUR Booster Capital Guaranteed Fund SGD R1D SGD Double Joy Capital Guaranteed Fund R1D USD
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    • 946 7  -  Why an approach based on principles in the Code of Corporate Governance is necessary UNTICKING THE BOX By MAK YUEN TEEN Mak Yuen Teen, associate professor at NUS Business School, set up the Corporate Governance and Financial Reporting Centre of the School in 2003 and led
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    • 394 7  -  By NISHA RAMCHANDANI CHIPS packaging and testing firm Stats ChipPAC plans to offer senior notes due 2015 via a private placement to partly fund a proposed capital reduction and cash distribution exercise of up to US$600 million to shareholders. The 83 per cent Temasek Holdings
      394 words
    • 267 7 COMPANY MEETING PLACE DATE TIME Sunpower Grp S M-Hotel, Banquet Suite, Level 10, 81 Anson Road, Singapore *****8 06-Aug 4.30pm Viz Branz E 14 Woodlands Link Singapore *****9 06-Aug 10.00am Asiasons Cap E 5 Shenton Way, #28-01 UIC Building, Singapore *****8 06-Aug 3.00pm Swissco Intl E Republic of
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  • Page 4 Advertisements

  • Page 5 Advertisements
    • 290 5 1996 Steffi Graf wins her 7th Wimbledon title. 1997 Tiger Woods becomes the youngest ever winner of The Masters Tournament. 1998 Chicago Bulls wins 2nd back-to-back NBA title in the 90s. Michael Jordan is named MVP. 1999 2000 Manchester United Pete Sampras wins the League, FA Cup wins Wimbledon, and
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  • SINGAPORE MARKETS
    • 618 6  -  STOCKS VEN SREENIVASAN Senior Correspondent ONE of the strongest weeks for equity markets of late ended on a sobering note last Friday as the US Commerce Department released numbers showing a third consecutive quarter of slowing US economic growth during the April-June period.
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    • 503 6  -  COMMODITY WATCH By FRED FRED SEAMON The writer is associate director, Commodity Research Product Development, CME Group SOYBEANS are one of the most important agricultural commodities in the world because of their ability to produce high protein meal used in livestock feed and
      503 words
    • 390 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies strengthened last week, led by the Philippine peso and Indonesia’s rupiah, as the fastest economic growth in the world and relatively high interest rates attracted funds to the region. The peso, rupiah and Taiwan’s dollar advanced on
      Bloomberg  -  390 words
    • 109 6 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 430.0 1.9 DBXT E50 10US$ 3873 355.1 7.2 DBXT S&P500 10US$ 1744 182.3 8.3 DBXT MSEurope 10US$ 4084 161.9 3.0 SIA 1562 84.0 5.7 Pru 500US$ 879 80.3 7.2 SIA 200 1556 76.0 5.1 SIA.ES.1007 1546 68.0 4.6 DairyFarm 768 65.3
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    • 119 6 BY CENTS CLOSE DOWN GLD 10US$ *****-394.6 -2.5 DBXT DBLCI-OY 5US$ 3268-298.0 -6.3 JMH 3960-223.1 -4.0 JSH 2348-138.8 -4.2 DBXT STGLDv100 10US$ 2574 -80.3 -2.2 STXPO 100 1356 -44.0 -3.1 Venture Corp 915 -30.0 -3.2 Great Eastern 1662 -28.0 -1.7 F&N 549 -26.0 -4.5 DBXT FTVietnam 10US$ 4129 -24.5
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    • 1575 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.45 2.55 11 11.17 10.48 1.29 1.17 ARA Asset Management Ltd 1.75 1.75 4 7.33 15.56 1.23 1.14 Armstrong Ind Corp Ltd 1.00 1.00
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    • 4 6 WEEKLY
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    • 65 6 Jul 30 VALUE CLOSE BT OB/OS 122.00-158.00 BT CADI -*****.00 -77.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 731.98 -3.94 FTSE ST Small Cap 545.90 -2.72 FTSE ST All Share 737.33 -2.76 FTSE ST China Top 272.57 -1.79 FTSE ST China 300.17 -1.57 FTSE ST
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    • 55 6 VOLUME Genting SP 558,842,000 Informatics 264,142,000 China Hongxing 219,176,000 Noble Grp 210,793,000 Golden Agri 205,497,000 TopGlobal 168,105,000 BerlianLaju 159,558,000 ChinaACorp 150,271,000 Kreuz 138,078,000 CapitaLand 99,184,000 VALUE($) Genting SP 700,796,080 DBS Grp 453,856,735 SIA 388,963,910 CapitaLand 387,102,724 Noble Grp 357,493,068 Wilmar 350,802,980 UOB 299,789,819 SingTel 286,088,210 OCBC Bk
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    • 87 6 Where S$ stands Jul 30 CHNG YR 2010 CLOSE FR Jul 29 S$ LOW S$ HIGH US$ 1.3624 -0.06 1.4219 1.3616 Euro 1.7703 0.60 2.0153 1.6886 Pounds 2.1214 0.43 2.2831 2.0003 A$ 1.2243 0.44 1.2960 1.1515 Yen* 1.5776 -0.87 1.5951 1.4467 Rupiah* 0.***** -0.38 0.***** 0.***** Baht* 4.2232 -0.03
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    • 1410 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THEbuyingplungedwhile the selling among directors remained low last week based on filings on the exchange in the last week of July. A total of four companies recorded a paltry eight insider
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    • 267 8 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.02.2011 N*****0E 2006 3 1/8 4700.00 1/2 1/8 179 101.39 0.37 SG7E*****983
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  • Page 6 Advertisements
    • 85 6 Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 Brought to you by PhiISp Futures Pte Ltd (A member of PhillipCapital) CO, Reg. No: *****5695G The above information does riot constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment produces). Trading in the above products
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  • Page 7 Advertisements
    • 256 7 inlisted a memthe compabe includhad memor not-for- Canon Delighting You Always r@ itn IIOIIV.) G-X--i Brilliant Presentations LV8310 •WXGA-1280x800 pixels 3000 lumens 500:1 contrast ratio 1.2x optical zoom LV7380 •XGA-1024x768 pixels 3000 lumens 500:1 contrast ratio 1.2x optical zoom LV8215 •WXGA-1280 x800 pixels 2600 lumens 450:1 contrast ratio 1.2x optical
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  • Page 8 Advertisements
    • 1847 8 STRATECH SYSTEMS LIMITED (Incorporated in Singapore) (Co. Reg. No: *****8251Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STRATECH SYSTEMS LIMITED (the “Company”) has been re-scheduled to be held on 16 August 2010 at 9.00 am at the Boardroom, Stratech Systems Limited, 2
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    • 196 8 02 Aug 26 Sep 20TO Call us now at *****838 to find out how you can get *0* v 20,000 TNP$ Ms as a headstart to this exciting auction! ne M ?< "'SSvMasri The New Paper Auction is back! For 8 weeks, TNP$ printed in denominations of 100, 200, 300,
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  • SINGAPORE NEWS
    • 200 9 THE observation deck of Marina Bay Sands SkyPark is proving to be a hot favourite for visitors since its opening just a few weeks ago. Last Saturday, over 4,000 people bought tickets ($20 for adults and $14 for children) to take in the
      ARTHUR LEE  -  200 words
    • 503 9  -  That’s the key to staying united during bad times, says Labour chief By CHUANG PECK MING COMING at this juncture when the good times appear to be here again, it is an apt reminder. “We believe in building trust during good times so
      FILE PHOTO  -  503 words
    • 232 9 A GROUP of Singapore businessmen is on a trade mission to penetrate the market in Zhejiang, one of China’s richest provinces. Led by the Singapore Business Federation (SBF) and Singapore Manufacturers’ Federation (SMa), 80 representatives from 61 companies across a spectrum of businesses
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    • 423 9  -  Acceptance of them higher when seen as an economic imperative: study By NISHA RAMCHANDANI TWO-THIRDS of Singaporeans polled in a recent survey say that the government is right to increase the number of foreigners working here if the economy needed it. But
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  • Page 9 Advertisements
    • 21 9 Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 116 9 Q ISP Be a Qualified Information Security Professional The Association of Information Security Professionals (AISP) has introduced the Qualified Information Security Professional (QISP) training programme to raise professional proficiency and to distinguish information security practitioners in Singapore. QISP participants will gain broad information security knowledge and in-depth skills to handle,
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    • 184 9 RIDING THE REGIONAL RECOVERY 20August2010(Friday) Marina Bay Sands Expo and Convention Center Level 5, Sands Grand Ballroom TOP CEOS SHARE THEIR EXPERIENCE AND INSIGHTS WITH INVESTORS CONFERENCE HIGHLIGHTS: Keynote Address Panelist: Mr Jignesh Shah Chairman FT Group Vice Chairman, Singapore Mercantile Exchange Panel Discussions VIEWS FROM THE TOP The Business
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  • VIEWS FROM THE TOP
    • 2193 10 THIS WEEK’S TOPIC: Which of the initiatives so far announced by the government, and by the private sector, are likely to be the most effective in mitigating future flooding? What more needs to be done? Lim Soon Hock Managing Director PLAN-B ICAG Pte Ltd TO
      REUTERS FILE PHOTO  -  2,193 words
  • Page 10 Advertisements

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1775 11 Some of Valley’s attributes are worth emulating but one can’t under-accentuate strength of S’pore’s vision, plan and project management SINGAPORE tried it. South Korea tried it. Russia, Vietnam and India are all following suit. It seems that when it comes to encouraging innovation and invention,
      STOCKXCHNG  -  1,775 words
    • 942 11  -  CAMPUS LIFE By NARENDRA AGGARWAL The writer, a former Singapore Press Holdings journalist, is director, public affairs, Nanyang Business School, Nanyang Technological University SINGAPORE’S flagship Nanyang Fellows MBA Programme for mid- to senior-level executives and officials has come of age, doubling its intake to 32
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  • Page 11 Advertisements
    • 271 11 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • ECONOMY WATCH
    • 717 12 US seizes imitations of lesser known brands; factories in China blamed NYT [NEW YORK] In this economy, even counterfeiters are trading down. After years of knocking off luxury products like US$2,800 Louis Vuitton handbags, criminals are discovering there is money to be made
      NYT  -  717 words
    • 860 12 67% say Obama not focusing enough on creating jobs: survey US ECONOMY Reuters [WASHINGTON] With November congressional elections fast approaching, time is running out for Democrats to deliver on voters’ top concern: job creation. President Barack Obama’s Democrats have managed to pass only
      Reuters; AFP  -  860 words
    • 473 12 Bloomberg [WASHINGTON] The US financial system remains fragile and banks subjected to additional economic stress might need as much as US$76 billion in capital, according to the results of International Monetary Fund stress tests. The findings, released on Friday as part
      Bloomberg  -  473 words
    • 509 12 Data solidified views central bank may raise rates again Reuters [SEOUL] South Korean exports in July grew faster than expected, easing concerns that the appetite for the country’s manufactured goods may be cooling in line with worries about economic growth in China and
      Reuters; BLOOMBERG  -  509 words
    • 406 12 AFP [FRANKFURT] The European Central Bank (ECB) governing council might breathe a sigh of relief this week as no potential disaster hangs over its monthly meeting for the first time in a while. The main ECB interest rate is sure to
      AFP  -  406 words

  • MALAYSIA/INDONESIA
    • 752 13  -  Investors take a wait-and-see approach amid uncertainty over government policies MALAYSIA INSIGHT PAULINE NG KL Correspondent MALAYSIA’S dramatic fall in foreign direct investment last year has created quite a flap. Although the 81 per cent plunge came in the year of the global meltdown,
      FILE PHOTO  -  752 words
    • 368 13 Reuters [KUALA LUMPUR] Malaysian Syariah finance experts, backed by the central bank, are studying possible conflicts between civil and Islamic law amid a raft of high-profile legal disputes which have dampened the industry’s appeal. Legal wrangles have taken centre stage in Islamic finance in the
      Reuters  -  368 words
    • 2007 13 VOL Jul 30 RM +/-(‘000) A M Realty 0.55 -0.02 37 Abric Bhd 0.25 0.03 10 Advance Synerg 0.14 -0.01 162 Adventa Bhd 3.02 -0.03 889 Ae Multi Hldgs 0.52 -0.01 2385 Affin Holdings 3.05 0 1853 Ahmad Zaki Res 0.86 0.03 313 Aic Corp 0.64 -0.01 38
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    • 615 13 Reuters [JAKARTA] Indonesia’s plans to unearth and export its vast coking coal resources could stumble over the need for large rail projects, meaning little relief for the tight global market for at least the next five years. Central Kalimantan province holds 1.4 billion
      Reuters  -  615 words
  • Page 13 Advertisements
    • 617 13 HATS NOTICES In the Matter of The Companies Act (chapter 50) And In the Matter of ES ENGINEERING SYSTEMS PTE LTD (In Member’sVoluntary Liquidation) Co. Reg. No. *****1940Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General
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  • GREATER CHINA/INDIA
    • 766 14 PMI falls for a third month in July, hitting a 17-month low of 51.2 Reuters [BEIJING] China’s vast manufacturing sector cooled further last month as the government kept its foot on the credit brakes and held firm in its efforts to deter
      Reuters; REUTERS  -  766 words
    • 374 14 Talks on for US$1.5b movie-themed park, say sources AFP Reuters [NEW DELHI] Indian tycoon Anil Ambani has begun talks with Universal Studios on building a US$1.5 billion mov-ie-themed amusement park in India, a source with knowledge of the discussions said on Saturday. The park, which
      AFP; Reuters  -  374 words
    • 576 14 AP Reuters [MUMBAI] ICICI Bank, India’s largest private sector bank, said quarterly profit rose 17 per cent as it cut costs and eliminated bad loans amid revived credit demand in India’s growing economy. Net profit in the quarter ended June 30 was
      AP; Reuters  -  576 words
    • 901 14 Remarks about undervalued yuan edited in boardroom ANALYSIS Reuters [WASHINGTON] Substantially. That single word, left out of the International Monetary Fund’s assessment of China’s undervalued currency, laid bare the tricky IMF internal politics that govern even its most routine interactions with the world’s newest
      Reuters; REUTERS  -  901 words
  • Page 14 Advertisements
    • 35 14 m tr i Z4N Luxurious %astAsia Sailing Dates: 10 or 17 January, 2011 Log on to :11 setraveiiers.c^m the ultimate travel resource bu SPH Sponsored By: RoyalCaribbean Content Powered By: rednano.sg Singapore's directory search engine
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  • ASIA-PACIFIC/WORLD
    • 613 15 It’ll be hard to make oil firms compensate communities in developing countries AFP [LONDON] The Gulf of Mexico oil spill triggered huge compensation claims against BP in the United States but energy groups are likely to escape hefty payouts for leaks
      AFP  -  613 words
    • 359 15 Bloomberg Reuters [LONDON] BP plc, seeking cash to help pay for the worst-ever US oil spill, informed the governments of Vietnam and Pakistan that it put its production assets in the countries up for sale. In Vietnam, BP plans to sell interests in
      Bloomberg; Reuters  -  359 words
    • 570 15 Bloomberg AFP [SYDNEY] Prime Minister Julia Gillard said a re-elect-ed Labor government will allow Australia’s pension industry to offer a new standardised fund recommended by a federally commissioned review. The fund, called MySuper, may cut fees savers pay to asset managers by 40
      Bloomberg; AFP; REUTERS  -  570 words
    • 733 15 A higher yen is a risk for exporters in the future, say analysts AFP [TOKYO] Post-crisis global demand has driven up profits at Japan’s top companies, but the yen is also rising owing to fears for the recovery’s durability casting a shadow over
      AFP  -  733 words
    • 543 15 Reuters [BUDAPEST] Australian Mark Webber took back the Formula One championship lead from Lewis Hamilton yesterday after snatching victory in a Hungarian Grand Prix that Red Bull team mate Sebastian Vettel had been favourite to win. McLaren’s Hamilton retired with a suspected gearbox
      Reuters; AP  -  543 words
  • Page 15 Advertisements
    • 26 15 SIX -S- Lianhe Zaobao M life Dual listing losing its flitter investor interest wanes? m U m il To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • FOCUS: CORPORATE BOARDS
    • 2914 16  -  While they bring prestige and fresh perspectives to a company, analysts wonder if they have the time and financial sophistication By GRAHAM BOWLEY NYT [NEW YORK] WHAT does Shirley Ann Jackson know about shipping parcels? For that matter, what does Steven Sample understand about mutual funds? Ms
      NYT; STOCKXCHNG  -  2,914 words

  • WORLD
    • 661 17 Walkout by truckers results in fuel hold-up, disrupting plans of travellers AFP [ATHENS] Disaster has struck Greece’s crucial tourism industry at the peak of a summer season badly needed by its recession-hit economy with a national fuel shortage that is compounding
      AFP  -  661 words
    • 413 17 Osborne’s call comes ahead of H1 earnings results by major lenders Reuters [LONDON] British finance minister George Osborne urged the country’s banks to use strong first-half profits to boost business lending rather than pay large bonuses, in an interview published on Saturday.
      Reuters  -  413 words
    • 801 17 AFP [WASHINGTON] The question of death and taxes has risen to the fore in Washington as the demise of prominent billionaires underscored a fluke which allows big estates to escape taxes, but only for this year. Highlighting the conundrum has been the death
      AFP  -  801 words
    • 578 17 AFP [PARIS] Champagne corks are popping again in the luxury business as “It” bags and expensive watches this year sell like hotcakes from Beijing to New York, signalling the turning of a page after the global financial crisis. As the owner of Gucci, Yves
      AFP  -  578 words
    • 446 17 Fund warns that Madrid’s fiscal goals based on overly optimistic view Reuters [WASHINGTON] The IMF cautioned Spain on Friday that its deficit-reduction goals rely on overly optimistic economic forecasts and its budget picture will darken if the economy proves weaker than the government
      Reuters  -  446 words

  • BT ROUNDTABLE
    • 2880 18 OVERVIEW “I HAVE seen the future, and it works,” said American journalist and lecturer Lincoln Steffens after visiting Moscow in 1919 in the wake of the Russian revolution. He might have been less enthusiastic now had he been able to peer into a crystal
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  • AVIATION/SHIPPING
    • 589 19 The US estimates Cuba has 4.6b barrels of oil and 10t cubic feet of gas Reuters [HAVANA] A Chinese-built drilling rig is expected to arrive in Cuban waters in early 2011, likely opening the way for full-scale exploration of the island’s untapped offshore
      Reuters  -  589 words
    • 285 19 Reuters [BANGKOK] Flag carrier Thai Airways International Pcl said yesterday it plans to form a new low-fare airline with Singapore’s Tiger Airways Holdings Ltd, adding to Asia’s crowded budget airline market. The two airlines will hold a joint news conference here today
      Reuters  -  285 words
    • 278 19 SGX '000 Jul 30 S$ +/-Vol CH Offshore 0.55 0.01 73 Chuan Hup Hldg 0.26 unch 109 Cosco Corp 1.64 -0.02 ***** CWT Ltd 0.93 -0.02 757 Ezra Hldgs 2.00 -0.04 3540 First Ship Lea 0.41 -0.01 1153 Freight Links 0.06 unch 5400 Grand Banks unch unch 0
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    • 287 19 AP [WASHINGTON] Congress on Friday approved far-reaching US aviation safety legislation developed in response to a deadly commuter airline crash in western New York state last year. The safety measures apply to all airlines and are the first comprehensive attempt in decades to revise
      AP  -  287 words
    • 374 19 Bloomberg [MELBOURNE] Dubai World Central-Al Maktoum International, set to become the world’s largest airport, may use “one-stop” processing to get travellers in and out of aircraft more quickly. Operator Dubai Airports has trialed Siemens AG technology that allows passengers to pass through check-in, customs,
      Bloomberg; AP  -  374 words
    • 2996 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 Amsterdam SQ323 0605 LO4032 2345 US5410 0605 SQ324 2345 AZ3992 1525 US5411 2345 KL835 1525 Athens SQ348 0105 Atlanta DL281
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  • Page 19 Miscellaneous
    • 327 19 CRYPTIC CROSSWORD Across 1 Drink juice after eating new biscuit (6,4) 6 Keep firm hold of travel bag (4) 10 Old theologian left yard in a strange way (5) 11 One getting crust from studying it? (9) 12 Exercise equipment separated by European fellow holding record (4,3) 13 Ornament wild
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  • DINING OUT
    • 729 20  -  NEW MENU Saint Pierre 3 Magazine Road #01-01 Central Mall Tel: 6438-0887 www.saintpierre.com.sg By Geoffrey Eu IT WAS a lot less crowded at the top when Saint Pierre first showed up on the fine-dining scene in 2000. It quickly scaled the culinary heights with a winning
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    • 529 20  -  PROMOTIONAL MENU Absinthe 48 Bukit Pasoh Road Tel: 6222 9068 By Audrey Phoon THERE’S something about ordering a set meal that doesn’t make for an entirely satisfying dining affair. Not in terms of the quantity or quality, but because it’s all rather impersonal
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  • Page 20 Advertisements
    • 353 20 fUtSTV rthttiehrtS www.radio913.com VODCAST 美要 http://showbiz.omy.sg 张 http://cling.omy.sg vy j i i WINE DINE AND HOSPITALITY BEDAZZLING CELEBRATIONS AT SWISSOTELTHE STAMFORD 7-9 AUGUST Z010 SINGAPORE'S 45™ NATIONAL DAY EQUINOX RESTAURANT 5-COURSE SET DINNER 150++ 7-COURSE SET DINNER 180++ Set menus only. A la carte menu not available. An additional
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  • SINGAPORE STOCKS
    • 9307 21 Week ended: Jul 30 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 10.5 3148 8Telecom 18 unch 2670 18.5 18 18 18.5 1.7 10.1 5.8 86.2 10 6 5834 A-Sonic
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    • 2098 22 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 4.5 6 27.8 4.8 225 130 6222 t APStrategic 202 +2 82 202 160 162
      2,098 words
    • 115 22 Stock name Close Change CapMallsAsia 2.130 +0.030 CapitaLand 3.960 +0.060 CapitaMall 1.910 -0.040 CityDev 12.100 +0.060 ComfortDelGro 1.600 -0.010 DBS Grp 14.400 -0.100 F&N 5.490 -0.100 Genting SP 1.270 Golden Agri 0.575 +0.005 HK Land 5.360 Stock name Close Change JMH 39.600 -0.380 JSH 23.480 -0.320
      115 words
    • 2684 22 Transaction date: Jul 30 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Stores 11.5 -0.1 4 Angang Steel 11.72 -0.12 ***** Anhui Conch 27.15 -0.15 3512 Anhuiexpresswa 4.9 0.2 2454
      2,684 words
    • 186 22 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 3 0 0 0 7 8 3 Manufacturing 88 75 71 18 10 17 106 85 88 Commerce 26 30 24 9 4 7 35 34 31 Tpt/Stor/Comms 25 12 7
      186 words
    • 845 22 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114 -5 2 114 113 113.5 115 520.4 903 710 CIMBAsean40 100US$ US902 +22 503 903 888
      845 words
    • 82 22 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 30 6000 AVJennings A43 unch 8 43 43 40.5 48 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US25.5 +3 *****
      82 words
    • 123 22 Sing foreign stocks. Value calculated using Monday's exchange rates. TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 271,471 271,471 414,307 414,307 Manufacturing 1,475,525 153,612 1,629,137 1,297,891 19,875 1,317,766 Commerce 532,329 77,312 609,641 658,543 12,895 671,438 Tpt/Stor/Comms 725,087 2,062 727,149 1,327,881 271 1,328,152 Finance
      Sing & foreign $ stocks. Value calculated using Monday's exchange rates.  -  123 words

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    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 374 23 In local curr In S$ In US$ dy yr dy yr dy yr Jul 30 Index Change Change Change Change Change Change World Index Preliminary 807.3 -0.4 -3.0 -0.6 -6.9 -0.4 -3.8 EAFE Preliminary 747.4 -0.8 -4.8 -0.9 -9.6 -0.7 -6.7 Europe Preliminary 1087.6 -0.6
      374 words
    • 180 23 Jul 30 $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.23 US$ Offer Bid 7 days 0.40 0.30 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 12
      180 words
    • 24 23 Jul 30 S$ Bid Offer 1-month 1.3605 1.3617 2-months 1.3604 1.3616 3-months 1.3603 1.3615 6-months 1.3597 1.3610 Source: OCBC Source: OCBC
      24 words
    • 132 23 Jul 30 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2170 1.2470 Can dollar 1.3150 1.3300 Euro 1.7600 1.7800 NZ dollar 0.9890 1.0100 Sterling pound 2.1040 2.1280 US dollar 1.3550 1.3700 Local dollars to 100 units of foreign
      132 words
    • 27 23 Jul 30 Open High Sett STI Aug 2967 SIMSCI Aug 349.8 352.4 351.5 Taiwan Aug 274.0 275.3 272.3 Source: MF Global (S) Pte. Ltd
      27 words
    • 66 23 Jul 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2571 2585 2600 2571 527 4762 Sep 10 2540 2542 2560 2538 2189 ***** Oct 10 2509 2514 2529 2506 8017 ***** Nov 10 2498 2506
      66 words
    • 415 23 Jul 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6000 0 1399 Dec10 99.5700 0 3441 Mar11 99.5000 0 2151 Jun11 99.3850 0 2031 EUROYEN TIBOR FUTURES Sep10 99.6550 99.6550 99.6550 99.6550 11 3355 Dec10 99.6850 99.6950 99.6850 99.6900 95 1597 Mar11 99.7025 82 2043
      415 words
    • 172 23 Jul 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 328.8 328.8 328.8 16 380 Sep 10 320.0 571 Oct 10 311.0 321 Nov 10 309.0 307.0 309.0 40 413 Dec 10 308.0 307.0 308.0 132 594
      172 words
    • 88 23 Jul 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 28.10.2010 0.28 1-Year BY*****W 03.05.2011 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.48 104.60 104.50 5-Year N*****0N 1.375 01.10.2014 103.21 103.30 103.30
      88 words
    • 105 23 Jul 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1052.50 1026.75 1054.75 1026.25 Sep 10 1012.00 992.75 1015.00 992.50 Nov 10 1005.00 988.00 1007.00 987.50 Jan 11 1011.00 995.50 1013.00 995.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 39.83 39.27 39.82
      105 words
    • 77 23 CRUDE OIL PRODUCTS Jul 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.29 1.59 WTI (Near Mth) 78.37 1.54 Dubai (1-Mth F) 74.17 -0.17 Tapis blend 80.50 unch Minas 77.25 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.75 0.98 Jet Kerosene 86.61 0.69 US$/barrel Opec Oil
      77 words
    • 2628 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -6 5.05 46 6227 ASJ Hldgs W*****1 4 1 4 14 1.75 19 2036 Advance SCT Ltd W*****9 0.5 unch 150 1
      2,628 words
    • 465 23 Jul 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.929 6.083 0.689 6.976 41.739 80.416 0.776 10.636 2.857 1.246 76.967 40.897 1.223 6.600 0.932 28.717 28.982 0.575 0.898 Canada 1.076 6.545
      465 words
    • 85 23 Jul 30 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 23 Jul 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2218 1.2236 0.8980 0.8985 Canadian dollar 1.3147 1.3164 0.9663 0.9667 Euro 1.7740 1.7758 1.3038 1.3040 NZ dollar 0.9803 0.9823 0.7205 0.7213 Sterling pound 2.1250 2.1277 1.5618 1.5624
      154 words
    • 138 23 Jul 30 GOLD (US$/oz) Jul 30 Jul 29 Hong Kong 1169.00 1166.30 Jul 29 Jul 30 London 1164.00 1175.10 1164.50 1175.85 Source: Thomson Reuters CAST BAR Jul 30 (S$) Selling Buying Kilobar 55,190.60 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 124.12 51 5gm 350.96 257 10gm 627.02
      138 words
    • 70 23 Jul 30 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2162.75 2076.25 3 months 2175.00 2093.00 Copper, Grade A (US$/tonne) Cash 7273.50 7208.25 3 months 7296.50 7230.50 Lead (US$/tonne) Cash 2054.50 2027.50 3 months 2077.50 2050.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 82 23 Jul 30 COCOA (£/tonne) Close Prev High/Low Sep 10 2273 2286 2309/2273 Dec 10 2185 2197 2219/2181 Mar 11 2164 2179 2200/2157 May 11 2174 2185 2204/2168 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1741 unch 1750/1739 Sep 10 1810 1747 1813/1740 Nov 10 1829 1765 1832/1760 Jan 11
      82 words

  • 5677 24 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.
    5,677 words
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  • BizIT
    • 1014 26  -  New connections growing despite 137% market penetration, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WHILE the number of new mobile connections in Singapore is growing despite a high penetration rate, the average revenue per user (Arpu) is falling and last year it
      Source: Frost & Sullivan  -  1,014 words
    • 452 26  -  By MELISSA TAN IMAGINE this hypothetical day. You leave the house for work and belatedly realise you’ve left the fan on. But no sweat you log on to a Web portal where you can see live video footage of your bedroom, and click on
      452 words
    • 554 26  -  It says fog in the cloud can be cloak for criminals to hide Reports by RAJU CHELLAM BEWARE of the fogs that the clouds conceal. Since criminal activity tends to follow the money, and if the money is in the cloud, then the fog
      554 words
    • 315 26 THE Information Security Forum (ISF) has listed 10 future scenarios that identify the key areas of risk to businesses, in its Threat Horizon 2012 report released last week. Here’s the list in random order: Contingency fails: An over-reliance on the Internet can
      315 words
    • 550 26 Reuters [HELSINKI] An increasingly heated battle in the global smartphone market is set to weigh on handset vendors’ profit margins for the rest of the year, analysts said on Friday. All top mobile phone vendors including Nokia, Samsung Electronics and Research in Motion
      Reuters  -  550 words
    • 950 27  -  Ex-Iomega chief looking to take on competitors, reports VICTORIA HO <the bizIT interview> VICTORIA HO WITH EMC behind him, Iomega’s Jonathan Huberman is ready to tackle the more “complex” go-to-market models in Asia facing smaller storage makers. Mr Huberman, then the CEO
      950 words
    • 924 27  -  Using transformation to realise the business value of IT <you say> By SANDI THOMAS The author is general manager, Asia-Pacific, communications sector, Microsoft Corporation THE global economy suffered a major slump in 2009, but reports indicate a growing optimism about recovery this year and we could not
      924 words
    • <what’s up>
      • 76 27 NETWORK Hardware Resale (NHR) has moved its sales director for the Americas region to its Singapore-based Asia-Pacific headquarters. Jason Ogden, who will spearhead sales for the region, has been with the US-based company for seven years. NHR resells and provides warranties for second-hand
        76 words
      • 56 27 FORMER Sun Microsystems Asia-Pacific president and COO, Lionel Lim, will be CA Technologies’ Asia-Pacific president come end-August. Mr Lim will oversee CA’s business over Singapore and South-east Asia, including Australia, New Zealand, India, China, Taiwan, and Korea. He has 30 years of industry experience
        56 words
      • 45 27  -  Compiled by VICTORIA HO LIFESTYLE portal inSing.com has partnered cinema operators to refresh its movie section. The refreshed look will provide a list of showtimes across cinemas on the island, as well as allow users to book tickets online.
        45 words
    • 528 27  -  By VICTORIA VICTORIA HO SINGAPORE’S overall security appliance market for the first quarter of this year grew 8 per cent over the same quarter last year, according to research agency IDC. Within this, the UTM (Unified Threat Management) segment posted a 107 per cent
      528 words
    • 282 27 AFP [LAS VEGAS] A hacker on Saturday brought mobile phone snooping to the modestly financed, showing how to build a call-catching system for about US$1,500. Chris Paget demonstrated his creation for more than a thousand people crammed into a grand room at a DefCon
      AFP  -  282 words
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    • 99 28 (©MARKETS get thinking FX/CFD trading The world's No. 1 CFD provider* FX/CFD trading provides a simple way to profit from rising and falling prices. Access global markets 24/7; FX plus thousands of shares, ETFs, commodities and indices on one account. Automatic rebates on Singapore shares and FX for high-volume traders.
      99 words