The Business Times, 4 August 2010

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Microfilm: NL30857
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 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 Wednesday, August 4,2010
    23 words
  • Article, Illustration
    Lock icon Khazanah makes waves with $1.5b sukuk
    544 1  -  Issue quadruples size of S$ Islamic bond market here By SIOW LI SEN, PAULINE NG MALAYSIA’s Khazanah Nasional yesterday made its debut in Singapore’s debt market with a splash to the tune of $1.5 billion. Khazanah’s $1.5 billion inaugural issue of sukuk, or Islamic
    544 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 3,014.77 (-10.27) ST INDEX FUTURES 2,994 (-9) SIMSCI 357.37 (-1.10) SIMSCI FUTURES 355.10 (-1.50) FOREX US$ S$ US$ (S$ per US$) 1.352 (US$/S$ per 1.594 2.155 EURO (US$/S$/E) 1.322 1.787 Foreign currency per US$ S$ YEN 86.00 63.60 RM 3.160 2.337 HK$ 7.763 5.743 BAHT 32.18
    141 words
  • Article, Illustration
    Lock icon Electronics sizzler comes with jobs in tow
    643 1  -  Electronics output surged 60.6% in first half; over 4,500 skilled jobs could be in pipeline By AMIT AMIT ROY CHOUDHURY [SINGAPORE] Anecdotal evidence since the beginning of this year pointed to a smart recovery, but now it’s official. Singapore’s electronics sector output grew
    643 words
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      Lock icon Page 1 Advertisements Column 1
      304 1 HOCK LOCK SIEW Genting HK: a gem that’s undervalued BROKING CIMB Securities repositioning itself PAGE 7 OPINION What’s funny to you may not be funny to me PAGE 22 PAGE 5 EXECUTIVE MONEY Westpac a boutique among other banks PAGE TransportHUB MOTORING VW targets Jetta at Japanese competition PAGE 21
      304 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      583 2 Electronics sizzler comes with jobs in tow ANECDOTAL evidence since the beginning of this year pointed to a smart recovery, but now it’s official. Singapore’s electronics sector output grew by a red hot 60.6 per cent in the first half of this year with growth driven by both
      583 words
    • Article
      Lock icon Singapore is priciest Asian country to build in: report
      602 2  -  Republic is 10th most expensive country to build in worldwide By UMA SHANKARI [SINGAPORE] Singapore is the most expensive Asian country to build in except Japan and one of the 10 most expensive worldwide, according to a new report from EC
      602 words
    • Article, Illustration
      Lock icon Investment bank goes places with S’pore office
      490 2  -  By SIOW LI SEN [SINGAPORE] Religare Capital Markets (RCM), an Indian investment bank, has opened a Singapore office as part of a plan to tap into Asia’s rapid-fire economies. Backed by billionaire Malvinder Singh best known in Singapore for the $116.7 million profit
      ARTHUR LEE  -  490 words
    • Article
      Lock icon RIM reassures BlackBerry customers
      544 2 Popular messaging tool remains secure despite data access dispute with UAE Reuters [TORONTO] Research In Motion (RIM) pledged to satisfy the security needs both of customers and governments, a day after the United Arab Emirates threatened to cut off some BlackBerry services because authorities could not
      Reuters  -  544 words
    • Article, Illustration
      Lock icon Taipei eyes investment firm similar to Temasek
      366 4 Group to submit proposal for firm to manage resources, says minister Bloomberg [TAIPEI] Taiwan said it’s considering setting up an investment company similar to Singapore’s Temasek Holdings Pte to manage the island’s assets. The government has asked a group of academics and experts
      Bloomberg  -  366 words
    • Article, Illustration
      Lock icon Newsweek finds a buyer
      598 4 Jon Meacham, its editor since 2006, set to step down AP [NEW YORK] Sidney Harman, the 91-year-old founder of audio equipment maker Harman International Industries Inc, has agreed to buy Newsweek, ending a nearly half-century chapter for the magazine as part of The Washington Post Co.
      AP; AFP  -  598 words
    • Article
      Lock icon Fed likely to stand back from more stimulus
      732 4 Consumer spending may pick up, Fed’s chief tells lawmakers Bloomberg [WASHINGTON] Federal Reserve policymakers signalled they will probably pass on providing more stimulus at their Aug 10 meeting and wait to see if signs of weaker economic growth persist. Chairman Ben Bernanke
      Bloomberg  -  732 words
    • Article
      Lock icon S’pore team on trail of aspirin answer to colorectal cancer
      432 4  -  By CHEN HUIFEN [SINGAPORE] Could over-the-counter aspirin be an answer for patients suffering from colorectal cancer? That’s the question the National Cancer Centre Singapore (NCCS) hopes to answer in the large-scale clinical trial it is leading on the efficacy of
      432 words
    • Article, Illustration
      Lock icon NATIONAL DAY 2010
      220 4 Jointly brought to you by The Business Times and We feel grateful that Singapore and the world economy are recovering from the terrible financial crisis. A most relevant result of the crisis is that the centre of gravity of the world's economy is shifting towards Asia. While
      220 words
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      275 2 SINGAPORE'S 00*33 IT CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg uaii m 4 SINGAPORE'S BIGGEST I.T EXHIBITION OF THE YEAR! STAND TO WIN 1 ST PRIZE OF $20,000 CASH AND OTHER CASH PRIZES! (ONE coupon for EVERY 100 PAID or deposit placed DURING THE 4 DAYS) EXCLUSIVE SHOW OFFERS GREAT BARGAINS FOR PERSONAL,
      275 words
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      Lock icon Page 2 Advertisements Column 2
      11 2 RIM to allow India to monitor its BlackBerry services, Page 12
      11 words
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      1093 3 Adverti ising Feature ,7® vl u I: V\ m i0 m. 59K Y X r i 1 m. «i r. 5 f 1 I > I Sti I H SE;Jf W&l. ad/ <S5 r5 > I rS-' -V--» x *v ■n mi. The Sound... A Freehold Residence In The East
      1,093 words
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      163 4 Clariden Global Proudly Presents the World's Highly Influential Faculties to Singapore Aligning Culture, Leadership and Talent Management Program Professor Michael McGrath 13 14 September, Shangri-La Hotel University of Michigan, Director of the Senior Executive Program Leading influential faculty member at University of Michigan 25 years of experience as a strategy
      163 words
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  • COMPANY NEWS
    • Article
      Lock icon SembMarine Q2 profit up 28%
      452 5  -  Group recommends an interim cash dividend of five cents per share By JOYCE HOOI SEMBCORP Marine yesterday reported a 28 per cent year-on-year rise in net profit for the second quarter of 2010 from $138.1 million to $176.1 million. But Q2 revenue was down 27
      452 words
    • Article
      Lock icon Genting HK: a gem that’s undervalued
      814 5  -  HOCK LOCK SIEW By VEN SREENIVASAN THE biggest game in town and the region in recent months has been the gaming sector. The successful openings of the Singapore integrated resorts (IRs) and the continuing buoyancy of the Macau gaming scene seem to have captured
      814 words
    • COMPANY BRIEFS
      • Article
        Lock icon Baker Tech’s Q2 profit trebles to $17.80m
        75 5 BAKER Technology Ltd reported a more than trebling in second-quarter net profit to $17.80 million from $5.4 million a year ago. This was mainly due to the receipt of a $15.8 million tax-exempt dividend from PPL Shipyard. Baker Tech’s subsidiary PPL Holdings owns
        75 words
      • Article
        Lock icon China Aviation’s profit rises 53% in Q2
        70 5 CHINA Aviation Oil (Singapore) Corporation said its net profit for the second quarter rose 53 per cent to US$18.08 million. Revenue was up 78.3 per cent at US$1.44 billion due to higher volume of jet fuel supply and trading coupled with higher jet
        70 words
      • Article
        Lock icon Hiap Seng unit bags US$17.8m contract
        56 5 HIAP Seng Engineering Ltd’s 87 per cent-owned subsidiary, HS Compression Process Pte Ltd, has been awarded a contract worth US$17.8 million for the provision of gas compressor packages and related services. Work has started in Singapore and is scheduled for completion and delivery to
        56 words
      • Article
        Lock icon Yeo Hiap Seng posts Q2 profit of $4.44m
        68 5 DRINKS and property group Yeo Hiap Seng Ltd reported a net profit of $4.44 million for the second quarter ended June 30, compared with a net loss of about $27 million a year ago, which included an impairment loss of over $33
        68 words
    • Article
      Lock icon CIMB Securities aiming to be a retail brand
      588 7  -  It will offer regional products, incentive programmes for the individual investor By LYNETTE KHOO CIMB Securities is rebranding itself to be a retailfocused brokerage, with plans to launch new products and services as well as incentive programmes for the individual investor. This
      588 words
    • Article
      Lock icon Jade back in the black, announces 2-for-3 rights issue
      422 7  -  By MELISSA TAN HOPING to cast off the baggage of its troubled past, Catalist-listed Jade Technologies Holdings yesterday reported a return to profitability and announced a two-for-three rights issue. The company posted a net profit attributable to equity-holders of $400,000 for
      422 words
    • Article
      Lock icon Design Studio shares jump as Depa ups offer
      333 7  -  By FELDA CHAY SHARES of Singapore-list-ed Design Studio Furniture Manufacturer jumped 13.2 per cent yesterday on news that Dubai’s Depa Interiors LLC has raised its offer for the company to 65 cents a share from 55 cents. The news pushed Design Studio
      333 words
    • Article
      Lock icon Market activity picking up but still lower year-on-year
      315 7  -  By JAMIE LEE TRADING activity in the stock market has picked up momentum but has yet to reach the level a year ago. Market turnover last month fell 15 per cent in value terms from July 2009 to $30.1 billion, data from
      315 words
    • Article
      Lock icon At a glance
      205 8 Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 SembCorp Marine 324.94 258.25 25.8 2457.33 2861.11 -14.1 176.13 138.05 27.6 1097.94 1497.62 -26.7
      205 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1113 8 Payment Ex Books Pay Ann (cts) date close date date AIMS AMP Cap Ind Reit ag 0.538 06-Aug 11-Aug 16-Sep 30-Jul Ascendasreit ao 3.370 22-Jul 26-Jul 26-Aug 19-Jul Ascott R Trust ad 2.040 29-Jul 02-Aug 27-Aug 23-Jul Ascott R Trust ao 1.060 29-Jul 02-Aug 27-Aug 23-Jul Ascott R
      1,113 words
    • Article
      Lock icon UMS turns around with Q2 profit of $7.48m
      248 8  -  By KAREN NG RIDING on the sharp turnaround in global demand for semicon equipment, UMS Holdings staged a strong comeback with a sec-ond-quarter net profit of $7.48 million, against a net loss of $22.9 million for the year-ago period. The high precision
      248 words
    • Article
      Lock icon PRIME LENDING RATES
      403 8 Jul 30 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
    • Article
      Lock icon CMA Q2 profit down 24%, revenue up 32%
      476 8  -  It will invest up to $1 b in new malls in S’pore, M’sia and China in H2 2010 By UMA SHANKARI CAPITAMALLS Asia (CMA), which owns and/or manages 88 shopping malls in the region, plans to invest up to $1 billion in
      476 words
    • Article
      Lock icon ST Engineering’s Q2 net profit rises 14% to $124m
      452 8  -  By CONRAD TAN SINGAPORE Technologies Engineering’s net profit rose 14.1 per cent year on year to $124 million in the second quarter, boosted by sharply higher revenue from the sale of land vehicles and equipment. Its land systems division, which makes
      452 words
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      Lock icon Page 5 Advertisements Column 1
      1381 5 4 *11 1 Hi m i, Hi 1 1 s M Isanti Si i Hililll I- p fife Private Collection V.I.P. Lounge Area Our new headquarters in One Commonwealth from Sep 2010 TOURISM HOLDINGS m an m m. m ie m m m A New Move, A New Horizon CTC
      1,381 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Prices dip ahead of expected US drop
      572 6  -  ST Index loses 10 points on program selling; Monday’s buyers sell into strength STOCKS R SIVANITHY Senior Correspondent SOME commentators may call it “profit-taking”, but we prefer to describe yesterday’s 10.27-point drop in the Straits Times Index (STI) to 3,014.77 as program selling
      Source: Bloomberg  -  572 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Aug 3 VALUE CLOSE BT OB/OS 201.00-207.00 BT CADI -*****.00 -90.00 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 740.92 -0.44 FTSE ST Small Cap 548.77 -2.72 FTSE ST All Share 744.21 -2.27 FTSE ST China Top 273.78 -2.11 FTSE ST China 301.49 +0.20 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Genting SP 286,274,000 Golden Agri 179,301,000 Kreuz 122,253,000 AIMSAMPIReit 67,008,000 DesignStudio 62,923,000 China Hongxing 52,576,000 Rowsley 46,218,000 TopGlobal 40,259,000 CapitaLand 37,666,000 MoyaDayen 33,271,000 VALUE($) Genting SP 360,676,740 CapitaLand 153,197,340 Golden Agri 107,738,760 SIA 61,954,388 Kreuz 58,960,970 DBS Grp 55,199,695 Keppel Corp 55,004,350 Noble Grp 53,511,460 UOB
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 2 0 0 0 3 11 2 Manufacturing 48 73 69 4 4 14 52 77 83 Commerce 12 25 31 2 6 3 14 31 34 Tpt/Stor/Comms 8 26 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Exchange
        421 6 Aug 3 close: $7.82 CIMB Research, Aug 3 Q4 FY10 core net profit of $77.3 million was below our expectation ($97.3 million) and the street’s. We were expecting an FY10 net profit of $338 million, and the street, $343 million. Full-year core net profit ($318 million) ended up
        Source: Bloomberg  -  421 words
      • Article, Illustration
        Lock icon Straits Asia Resources
        409 6  -  Aug 3 close: $2.14 Bank of America-Merrill Lynch, Aug 2 Compiled by LYNETTE KHOO WE expect that Straits Asia Resources (SAR) will soon receive an in-principle land usage permit for its Sebuku coal mine. Despite a series of volume disappointments in the Indonesian coal-mine sector because of
        Source: Bloomberg  -  409 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 29,053 29,053 83,799 83,799 Manufacturing 422,536 47,601 470,137 296,143 3,929 300,072 Commerce 94,177 27,879 122,056 144,317 3,659 147,976 Tpt/Stor/Comms 142,492 410 142,902 289,306 52 289,358 Finance 22,756 78 22,834 202,786 9 202,796 Construction 25,322 46,222
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change CapMallsAsia 2.160 CapitaLand 4.060 +0.010 CapitaMall 1.970 CityDev 12.600 -0.060 ComfortDelGro 1.580 -0.010 DBS Grp 14.540 -0.060 F&N 5.530 +0.020 Genting SP 1.250 -0.040 Golden Agri 0.585 -0.015 HK Land 5.410 +0.060 JMH 41.080 -0.520 JSH 24.300 Jardine C&C 34.360 -1.620 Keppel
      109 words
    • Article, Illustration
      Lock icon US$ hits multi-month troughs vs euro, yen
      461 6 CURRENCIES Reuters [NEW YORK] The dollar tumbled yesterday, plunging in tandem with short-dated US bond yields and hitting multi-month troughs against the euro, yen and sterling on mounting fears that a US economic recovery was faltering. The euro hit a three-month high of
      Reuters; REUTERS  -  461 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP DBXT MSKorea 10US$ 4897 369.0 5.9 DBXT MSTaiwan 10US$ 1636 81.1 3.8 Lyxor Europe 10 US$ 1230 55.4 3.4 Pru 500US$ 916 37.8 3.2 DBXT MSCHINA 10US$ 1208 35.1 2.2 Lyxor Apex50 10US$ 391 24.3 4.8 Asia Pac Brew 1514 24.0 1.6 Lyxor India Nifty
      114 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN Jardine C&C 3436-162.0 -4.5 DBXT Nifty 10US$ *****-147.3 -0.9 JMH 4108 -70.3 -1.3 DBXT S&P Short 10US$ 5181 -67.6 -1.0 DBXT MSINDO 10us$ 1225 -52.7 -3.1 DBXT SPASX200 10US$ 2920 -21.6 -0.5 Lyxor China H 10US$ 1566 -17.6 -0.8 DBXT CSI300 10US$ 946 -10.8 -0.8
      122 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Aug 3 CHNG YR 2010 CLOSE FR Aug 2 S$ LOW S$ HIGH US$ 1.3506 0.26 1.4219 1.3506@ Euro 1.7866 -0.89 2.0153 1.6886 Pounds 2.1498 -0.25 2.2831 2.0003 A$ 1.2308 0.24 1.2960 1.1515 Yen* 1.5696 -0.46 1.5951 1.4467 Rupiah* 0.***** 0.19 0.***** 0.***** Baht* 4.1977 0.09
      87 words
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      251 7 c o 'S r >. /./~i V x c r iAl i s v.* 5' -J r is I >e f3 A > > fc\ >* *c f ■v HI «py f- ,a^v > v %j < V' r/ S ;v --m HW v« V "'v Ask* SAXO CAPITAL MARKETS
      251 words
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      Lock icon Page 8 Advertisements Column 1
      70 8 *****38 ARMENIAN" i's IF m -'r" my home Conserved shophouses with 6-storey new extension in historic location t II -J 1 I H STRATA OFFICES FOR SALE LIMITED UNITS Developer Hong How Investments Pte Ltd A Hong How Group Company *****511 24 boutique SOHO offices 549 1808sf, with ensuite shower
      70 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 1
      25 8 i/v/V JACKPOT 'it ry fw%. m co TOMORROW i 1 *1 a I Towards Community fetfasar n rcbReg»o: 196B*****G For details, visit www.singaporepools.com.sg SINGAPORE m
      25 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Sim Lian tops bids for DBSS site in Tampines
      419 9  -  It plans 680-unit project: 60% 4-room flats; 25% 3-room; the rest 5-room By KALPANA RASHIWALA SIM Lian Land, which emerged as the highest bidder for a site in Tampines designated for public housing under the Design, Build and Sell Scheme (DBSS),
      419 words
    • Article
      Lock icon $40m drive to raise low-wage workers’ productivity, skills, pay
      408 9  -  By TEH SHI NING THE labour movement will lead a $40 million drive to raise the productivity, skills and pay of low-wage workers. Launched yesterday, its Inclusive Growth Programme (IGP) is also the first scheme to tap the $2 billion National
      408 words
    • Article
      Lock icon Taking nanoimprint technology to industry
      256 9  -  By NICHOLAS YEO STATE-OF-THE-ART an-ti-reflective and anti-bacte-rial surfaces are just two industry projects announced in conjunction with the launch of a multi-agency consortium yesterday to promote nanoimprinting technology. ICON, or the Industrial Consortium on Nanoimprint, was launched by the Agency for Science, Technology and Research
      256 words
    • Article
      Lock icon Keeping official spending aboveboard
      558 9  -  AGO scrutinises govt accounts minutely to rectify control lapses By CHUANG PECK MING WHEN auditing the accounts of government ministries, statutory boards and government companies, the Auditor-General’s Office (AGO) leaves no stone unturned even the minutest detail doesn’t escape its scrutiny. And no matter how trifling
      558 words
    • Article, Illustration
      Lock icon Manufacturing grows for 15th straight month
      351 9  -  By LYNN KAN THE latest Singapore Purchasing Managers’ Index (PMI) shows sustained signs of growth in the manufacturing sector, which expanded overall for a 15th straight month. The index an early indicator for manufacturing activity gained 0.9 of a point month on month to
      BLOOMBERG FILE PHOTO  -  351 words
    • Article
      Lock icon SICCI looks beyond India for business
      441 9  -  Search starts with trade mission to Vietnam, Cambodia By MALMINDERJIT SINGH THE Singapore Indian Chamber of Commerce and Industry (SICCI) is broadening its focus to outside of India and is looking at other emerging markets such as Vietnam and Cambodia to help local businesses
      441 words
    • Article
      Lock icon Initiative of $2m to boost SME productivity
      246 9  -  By MELISSA TAN MANUFACTURING sector SMEs got a $2 million leg-up yesterday with the launch of a programme to boost operations management innovation. The Manufacturing Excellence programme will be offered under the Workforce Development Agency’s (WDA) Precision Engineering Workforce Skills Qualifications framework. And
      246 words
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      Lock icon Page 9 Advertisements Column 1
      214 9 I Bei i in 9 Seoul WKKfr- Bangkok Ruala Lumpur Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves
      214 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Bernanke sees rising US household spending
      599 10 He cites wage gains, even as consumer confidence suffers from weak job scene Bloomberg [NEW YORK] Rising wages will probably spur household spending in the next few quarters, even as weak job gains drag down consumer confidence, Federal Reserve chairman Ben S Bernanke said
      Bloomberg; BLOOMBERG  -  599 words
    • Article, Illustration
      Lock icon Desperation grows as jobless benefits run out
      627 10 About 1.4m out of work for 99 weeks or more in June NYT [BRATTLEBORO, Vermont] Facing eviction from her Tennessee apartment after several months of unpaid rent, Alexandra Jarrin packed up whatever she could fit into her two-door coupe recently and drove out
      NYT; AFP  -  627 words
    • Article
      Lock icon Australia holds rates steady at 4.50%
      323 10 AFP [SYDNEY] Australia held its official interest rate steady at 4.50 per cent for a third month yesterday in a welcome reprieve for Prime Minister Julia Gillard as she campaigns for re-elec-tion on a strong economy. The Reserve Bank of Australia (RBA) cited volatile
      AFP  -  323 words
    • Article, Illustration
      Lock icon Hungary central banker blamed for crisis, pay slashed
      769 10 Govt attacks him for holding offshore investments in Cyprus NYT [BUDAPEST] It’s not easy being a central banker in Europe especially during the biggest economic crisis in a generation. But Andras Simor, the governor of the Hungarian Central Bank, has it even
      NYT; REUTERS  -  769 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Johns Hopkins to set up ‘medical city’ in M’sia?
      516 11 RM1.8b project may include a hospital and a medical university: sources [KUALA LUMPUR] The world-renowned teaching and research institution Johns Hopkins may make its way into Malaysia in a big way, says Malaysia’s Business Times. Sources said that Johns Hopkins might
      516 words
    • Article, Illustration
      Lock icon Indonesia plans fewer zeroes in rupiah for convenience
      492 11 Reuters [JAKARTA] Indonesia’s central bank said yesterday that it is studying plans to redenominate its currency a move that would simplify many routine daily transactions which typically run into millions of rupiah. Darmin Nasution, central bank governor-desig-nate, said the move which would
      Reuters  -  492 words
    • Article
      Lock icon CIC may invest up to US$25b in Indonesia
      312 11 Reuters [JAKARTA] China Investment Corp (CIC) may invest up to US$25 billion in Indonesia, an Indonesia minister said yesterday, potentially providing a huge boost to foreign direct investment and improving the country’s hopes of an in-vestment-grade rating. Indonesia, South-east Asia’s biggest economy,
      Reuters  -  312 words
    • BRIEFLY ASIA
      • Article
        Lock icon KL sees RM70b of building projects in ’11
        66 11 Bloomberg [KUALA LUMPUR] Malaysia’s Construction Industry Development Board expects RM70 billion (S$29.7 billion) of new building projects next year, said Sariah Abdul Karib, a senior general manager at the state body. The government and private projects include the expansion of the Light
        Bloomberg  -  66 words
      • Article
        Lock icon Beijing to allow banks to trade more gold
        68 11 Reuters [BEIJING] China will allow its banks to export and import more gold as part of a programme to push forward the development of the country’s market in the precious metal, said the central bank yesterday. The People’s Bank of China also
        Reuters  -  68 words
      • Article
        Lock icon Anil Ambani asked to respond to SEBI notice
        74 11 Reuters [MUMBAI] India’s capital markets regulator has asked billionaire Anil Ambani, two firms controlled by him, and four other executives who are part of his group to respond to a notice, according to a posting on its website. It was unclear what
        Reuters  -  74 words
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      1291 11 il 1I l7£T3tt I •llllSVSiSBSi* IllMSMgSmillHlUlMIKll IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF By The Servings Pte. Ltd. (In Creditors'Voluntary Liquidation) Reg. No. *****8642K NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 8 Wilkie
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      Lock icon Page 11 Advertisements Column 2
      170 11 s right for the foteseeaWe gulf big 8 a P S2Eto nurture it. We have a solution for that. The Center for Creative Leadership (CCL)® designs and delivers leadership programs that drive a strong return for your organization. CCL helps challenge your leaders to perform at their best, enabling your
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Yuan equity linked products in HK pipeline
      617 12 Official expects HK yuan deposits to be reinvested in China via some channel Reuters [HONG KONG] Yuan-de-nominated equity linked products could be launched in Hong Kong by the end of this year as the city’s role as an offshore yuan-settle-ment market continues to
      Reuters; REUTERS  -  617 words
    • Article
      Lock icon Huawei ‘fails to acquire US firms’ despite sweetener
      456 12 Bloomberg [NEW YORK] Huawei Technologies Co failed to reach agreements to buy two US assets last month, even though the Chinese phoneequipment maker offered at least US$100 million more in each case, according to two people with knowledge of the matter. The
      Bloomberg  -  456 words
    • Article, Illustration
      Lock icon Floods to hit China’s rice, pork output
      666 12 Price jumps hamper govt efforts to keep inflation under 3% Bloomberg [BEIJING] China’s worst flooding in more than a decade may cut production of rice, cotton and pork in the largest producer, boosting prices and hampering government efforts to keep inflation under 3
      Bloomberg; AFP  -  666 words
    • Article
      Lock icon Linc Energy inks US$2.7b coal deal with Adani
      324 12 Reuters [PERTH] Australia’s Linc Energy has agreed to sell its Galilee coal tenement to India’s Adani Enterprises in a cash and royalty deal worth US$2.7 billion, Linc’s chief executive told Reuters yesterday. Under the deal, Linc, whose primary business is underground coal
      Reuters  -  324 words
    • Article
      Lock icon Delhi seeks extra spending of US$14.8b
      340 12 Reuters [NEW DELHI] The Indian government yesterday sought parliamentary approval to spend a gross additional US$14.78 billion in the fiscal year to endMarch 2011, on top of the budget target of around US$240 billion. Finance Minister Pranab Mukherjee sought lawmakers’ approval to spend a
      Reuters  -  340 words
    • Article
      Lock icon IPOs get strong investor response
      346 12 Reuters [MUMBAI] A strong response to two initial public offerings (IPOs) in two days in India boosted the hopes of other companies aiming to list in the country as analysts said the attractive valuations were key to investor demand. SKS Microfinance’s US$353 million IPO received
      Reuters  -  346 words
    • Article
      Lock icon RIM to allow India to monitor its Blackberry services
      276 12 Reuters [NEW DELHI] Research in Motion (RIM) has agreed to allow Indian security agencies to monitor its BlackBerry services, The Economic Times newspaper reported yesterday, after pressure from governments worried about national security. RIM has offered to share with Indian security
      Reuters  -  276 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Macau casino revenue in July up 70% as bettors return
      614 13 World Cup had kept gamblers away in June, when sales fell 20% from May AFP [HONG KONG] Casino revenue in Macau, the world’s biggest gambling hub, surged 70 per cent in July from a year earlier as bettors resumed wagering
      AFP  -  614 words
    • Article
      Lock icon Google HK webpage down after anti-China rhetoric
      246 13 Reuters [SHANGHAI] A question-and-an-swer page on Google Hong Kong’s website became inaccessible to some mainland Chinese users yesterday, underscoring Beijing’s sensitivity about the Internet. The Chinese government, obsessed with maintaining social stability and controlling the flow of information, requires all search engines operating
      Reuters  -  246 words
    • Article
      Lock icon GF Securities plans placement to raise up to 18b yuan
      477 13 CCB said to target Q4 for 75b yuan share sale plan Reuters [SHANGHAI] GF Securities, China’s No 4 brokerage by market capitalisation, said yesterday it plans to raise up to US$2.65 billion in a private share placement to help it
      Reuters  -  477 words
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      184 13 v y i i i WINE DINE AND HOSPITALITY szec^unn COURT Mini Snow-Skin Champagne Truffle Chocolate Ganache Mooncake crowned with the historic YOG logo on white chocolate. Only 2010 boxes of this exclusive commemorative collection are available. Don't miss your chance to partake in this slice of history. Available at
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      59 13 pUNOnLOUJ LRNP FOR R6BUILD @NflSSIM ROnD KHTRN 9456-7348 Newsman Realty Pt® Ltd Sole Marketing Agent 1 Face Gres 1 South/Ea; Face View South/EaenScing NASSIM PLOT B ***** sq ft 60m Frontage Flat Elevated Land Face Greenery Almost sold NASSIM PLOT C ***** sq ft Hill Top Quiet, Serene 3mins walk
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Concerns grow as yen rises to eight-month high
      710 14 PM Kan hints at possibility of new stimulus steps due to uncertain outlook Reuters [TOKYO] Japan’s Finance Minister Yoshihiko Noda yesterday sidestepped questions about intervention to curb yen strength and said markets should determine exchange rates, prompting the currency to rise to
      Reuters; REUTERS  -  710 words
    • Article
      Lock icon Liverpool sale possible in Aug: Broughton
      457 14 Bloomberg [LONDON] Liverpool soccer club, the 18-time English champion put up for sale in April, may find a buyer by Aug 31, chairman Martin Broughton said on Monday amid reports of offers from suitors including Chinese businessman Kenny Huang. “It still remains the objective
      Bloomberg  -  457 words
    • Article
      Lock icon RBS fined £5.6m by FSA
      123 14 AP [LONDON] British authorities have fined the Royal Bank of Scotland £5.6 million (S$12 million) for failing to follow rules designed to prevent banks lending to people who are on government ban lists, such as terrorist groups. The Financial Services Authority yesterday said that RBS
      AP  -  123 words
    • Article
      Lock icon Consumer spending, income flat in June
      508 14 Figures confirm slowdown in US economic recovery LATEST US DATA Reuters AP [WASHINGTON] US consumer spending and incomes were unexpectedly flat in June while personal savings were the highest in a year, implying an anaemic economic recovery for the remainder of this year. The
      Reuters; AP  -  508 words
    • Article, Illustration
      Lock icon Violence after politician’s killing paralyses business in Karachi
      481 14 46 dead in revenge killings, shops shut, bourse closes early Bloomberg [KARACHI] Pakistan’s largest city, Karachi, shuttered shops and businesses after the shooting of a Muslim Shia politician triggered a night of revenge killings. The Karachi Stock Exchange halted trading one hour
      Bloomberg; AFP  -  481 words
    • Article
      Lock icon Crude oil hits 3-month high ahead of US data
      367 14 Bloomberg [NEW YORK] Crude oil rose to a three-month high as the dollar weakened and analysts said that crude inventories declined last week in the US. Crude-oil supplies probably fell by 1.5 million barrels last week, a Bloomberg News survey showed
      Bloomberg  -  367 words
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  • WORLD
    • Article, Illustration
      Lock icon Genzyme launches takeover talks with Sanofi
      417 15 Paris-based Sanofi outlines an offer of US$67-70 a share Bloomberg [NEW YORK] Genzyme Corp, the world’s largest maker of medicines for genetic diseases, has begun takeover talks with SanofiAventis SA after receiving a proposal from the French drugmaker, according to two people with knowledge
      Bloomberg; BLOOMBERG  -  417 words
    • Article
      Lock icon GE, Intel form home-health venture for chronic care
      244 15 Bloomberg [NEW YORK] General Electric (GE) and Intel Corp have formed a joint venture to create products for patients with chronic diseases and for elderly people at home or in assisted living. GE will contribute its home-health unit’s assets and Intel will
      Bloomberg  -  244 words
    • Article
      Lock icon Gulf investment banks forced to seek new niches
      601 15 Traditional sources of income hit by downturn; mergers may be in pipeline Reuters [DUBAI] Local Gulf investment banks and brokers are being forced to seek new business areas to replace traditional sources of income hit by the downturn and as global heavyweights
      Reuters  -  601 words
    • Article, Illustration
      Lock icon Growing your business faster with standards
      874 15 Keeping vegetables fresh throughout the shipping process from the field to the table and making sure that food products meet international food safety requirements are just some of the key quality and standards considerations of NTUC FairPrice's daily operations. "Maintaining high quality standards and
      874 words
    • Article, Illustration
      Lock icon CFC settles lawsuits for US$600m
      295 16 AP [LOS ANGELES] Countrywide Financial Corp agreed to pay US$600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. US District Judge Mariana Pfaelzer in Los Angeles on Monday gave preliminary approval to the agreement, in which the defendants
      AP; BLOOMBERG  -  295 words
    • Article
      Lock icon US probes potential insider trading in BP shares
      568 16 Oil giant also faces billions in fine for underestimating initial oil leak Reuters Bloomberg [HOUSTON] BP faces an investigation into whether its employees profited illegally from the Gulf of Mexico spill, as the oil giant prepared yesterday to kill the blown-out well
      Reuters; Bloomberg  -  568 words
    • Article
      Lock icon FDIC chief rules out top job at new consumer body
      314 16 Bloomberg [WASHINGTON] Sheila Bair, chairman of the Federal Deposit Insurance Corp, has taken herself out of the running to lead the new US con-sumer-protection agency after her name was put forward by Senate Banking Committee chairman Christopher Dodd, a person
      Bloomberg  -  314 words
    • Article
      Lock icon BP sends Japan’s Mitsui US$480m bill for leak
      357 16 Reuters [TOKYO] Japanese trading house Mitsui Co said BP plc has sent it a US$480 million bill seeking help in the clean-up of the disastrous Gulf of Mexico oil spill, but it has not decided if it will shoulder any costs. Mitsui,
      Reuters  -  357 words
    • Article
      Lock icon SEC: Funds’ derivatives disclosure inadequate
      360 18 Shareholders may not know which products are used to generate profits Bloomberg [NEW YORK] US securities regulators have said they are concerned that the use of derivatives has increased in the mutual-fund industry without shareholders comprehending the risks or investment strategies. The Securities Exchange Commission
      Bloomberg  -  360 words
    • Article, Illustration
      Lock icon Extra tough glass finds its use in tablets, TVs
      788 18 Corning in talks with Asian firms to bring Gorilla to TV market AP [CORNING, New York] An ultra-strong glass that has been looking for a purpose since its invention in 1962 is poised to become a multi-billion-dollar bonanza for Corning Inc.
      AP  -  788 words
    • Article
      Lock icon Parched Russia will cut grain harvest forecast: minister
      285 18 AFP Bloomberg [MOSCOW] Russia, one of the world’s top wheat exporters, yesterday said it was cutting the grain harvest forecast for this year by millions of tonnes amid its worst drought in years. “I think we will have (a grain harvest of)
      AFP; Bloomberg  -  285 words
    • Article, Illustration
      Lock icon Filmmakers begin to resist that extra dimension
      857 18 NYT [LOS ANGELES] While Hollywood rushes dozens of 3-D movies to the screen nearly 60 are planned in the next two years, including Saw VII and Mars Needs Moms! a rebellion among some filmmakers and viewers has been complicating the industry’s drive into
      NYT; AFP  -  857 words
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      85 16 «*r WHY IS HE ANGRY? II Bs 7 m ii li ••ill KEEPING YOU ON TOP OF THE WHAT ARE THEY DOING? NEWS ASIAONE NEWS THE STRAITS TIMES THE BUSINESS TIMES THE NEW PAPER LIANHE ZAOBAO Li N o y-^ick' ■< 0#V. *2vV 7;'. v' ■4. M wsnn 1 m
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  • STEM CELL RESEARCH
    • Article, Illustration
      Lock icon Adult stem cell work gathers pace
      1950 17  -  Doctors are currently studying many innovative therapies with adult stem cells, rather than embryonic cells, reports MALCOLM RITTER MALCOLM RITTER AP [NEW YORK] A FEW months ago, Thomas Einhorn was treating a patient with a broken ankle that would not heal, even with multiple
      AP  -  1,950 words
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      152 18 Subscribe and Get Rewarded! The Straits Times Digital The latest news. Anytime, any ens STRAITS TIMES.. ISSSS& >ivi Rising™" j Singapore. curoocrEEw'O' Rev •A uluh n1a> t» tt InsighL- Krwwimn* iA( I Money t&svxxs&sgLr"' sggss) n mow lltotv Id: Rr.l>lt- r«fcmk Gain access to: Full stories from the print edition
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  • Transport HUB
    • Article
      Lock icon Protecting young seafarers
      1097 19  -  There must be a recognition of the duty of care the industry has to its most vulnerable employees STRAIT TALK By DAVID HUGHES THE International Maritime Organization (IMO) recently held a diplomatic conference to update the regulatory framework that governs the way seafarers are trained. The conference,
      1,097 words
    • Article
      Lock icon Lloyd’s creates sanctions clause
      246 19 Reuters [LONDON] London’s marine insurance market has created a clause ensuring underwriters do not breach sanctions due in part to Western measures against Iran, a senior Lloyd’s Market Association (LMA) official said on Monday. Marine underwriters in London have been looking at ways to deal with
      Reuters  -  246 words
    • Article, Illustration
      Lock icon Premiums on insuring pirate ransoms half of 2008 peak
      733 19 Buying US$5m of coverage now costs as little as US$15,000 a voyage Bloomberg [LONDON] Kidnap and ransom premiums paid to insure against Somali piracy have slumped since the BBC Trinidad was hijacked in the Gulf of Aden in August 2008 as
      Bloomberg; REUTERS  -  733 words
    • Article
      Lock icon Sea Asia bound for record year in 2011
      351 19  -  By JOYCE HOOI BUOYED by a recovering economy, exhibition space take-up has reached a record high, nine months before the start of Sea Asia 2011. Bookings for the biennial international maritime conference and exhibition event have zipped past 2,800 square metres a
      351 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 19 SGX '000 Aug 3 S$ +/-Vol CH Offshore 0.55 -0.01 2431 Chuan Hup Hldg 0.26 unch 111 Cosco Corp 1.64 -0.04 ***** CWT Ltd 0.97 -0.02 1546 Ezra Hldgs 2.01 -0.02 4335 First Ship Lea 0.41 -0.01 508 Freight Links 0.05 -0.01 3580 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Mexicana in talks with investors
        507 20 The Mexican airline studies whether its largest unit should file for bankruptcy [MEXICO CITY] Grupo Mexicana de Aviacion, Mexico’s biggest airline by passengers, is in talks with international investors as it considers whether its largest unit should file for bankruptcy, chief executive officer Manuel Borja
        REUTERS  -  507 words
      • Article
        Lock icon New holiday packages to attract visitors
        255 20 SINGAPORE Airlines, Changi Airport Group (CAG) and the Singapore Tourism Board (STB) hope to boost visitor numbers by offering new value-packed holiday packages. And under a recently signed memorandum of understanding, the three will work together on advertising and other joint activities worldwide. STB’s
        255 words
      • Article
        Lock icon China’s air force holds major 5-day exercises
        270 20 Reuters [BEIJING] China’s air force began a five-day exercise yesterday with fighter jets, spy planes and helicopters, state media said, against a backdrop of increased diplomatic and military tensions with Washington. Chinese media has announced several military drills over the past few weeks,
        Reuters  -  270 words
      • Article
        Lock icon Embraer Q2 net income tumbles 79% on revenue drop
        226 20 Reuters [SAO PAULO] Embraer, the world’s third-largest commercial aircraft maker, said on Monday second-quarter net income tumbled 79 per cent, underscoring a decline in sales of jets and nonoperational items that offset a reduction in costs. Embraer earned 101.7 million reais
        Reuters  -  226 words
      • Article
        Lock icon Boeing raises forecast for Indian demand
        341 20 Country’s faster economic growth boosting air travel Bloomberg [MUMBAI] Boeing raised its 20-year forecast for Indian aircraft demand by 15 per cent as faster economic growth encourages air travel in the world’s sec-ond-most populous nation. India will require 1,150 new commercial planes worth US$130
        Bloomberg  -  341 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2981 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 --JL5083 2230 --MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
        2,981 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Volkswagen trains sights on Cat A segment
        540 21  -  It’s banking on the Jetta to improve on an ‘underperforming market share’ By SAMUEL EE VOLKSWAGEN is now targeting the small sedan segment in Singapore with the Jetta, after entering and taking over the small hatchback market here with its Golf and Polo
        540 words
      • Article, Illustration
        Lock icon New Eurokars Centre to drive sales
        464 21  -  More products and growing affluence to fuel demand By SAMUEL EE EVEN as the overall market shrinks, motor magnate Karsono Kwee is preparing for higher volumes with a new $35 million Eurokars Centre on Leng Kee Road. Mr Kwee, the executive chairman of the
        ARTHUR LEE  -  464 words
      • Article
        Lock icon US auto sales seen rising slightly in July
        297 21 Reuters [DETROIT] US July auto sales are on track to rise from a year-earlier tally that was boosted by government incentives, pointing to a gradual recovery in one of the first indicators of consumer demand for the third quarter. Industrywide auto sales
        Reuters  -  297 words
      • Article
        Lock icon LA seeks to become US’s mass transit leader
        616 21 AP [LOS ANGELES] The region famous for jilting the street car to take up a love affair with the automobile is trying to rekindle its long-ago romance with commuter rail. If successful, the novel plan to borrow billions from the federal government,
        AP  -  616 words
      • Article
        Lock icon China’s July car sales grow at faster pace on discounts
        471 21 Bloomberg [BEIJING] China’s passen-ger-car sales grew at a faster pace in July as the government introduced subsidies for fuel-efficient models and dealers offered discounts to clear inventories in the world’s biggest automobile market. Retail deliveries of cars, sport-utility vehicles and
        Bloomberg  -  471 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      131 19 SEMINARS China Accounting Framework Practices FTliHRKSTO Insights On China Tax Insights On SGX Listing Manual Details and online registration at: www.probizqroup.com/events.html Probiz Resource Advisory Pte Ltd www.Drobiz-qroup.com Tel: 6400-6514 SETTING NEW STANDARDS Software for the Shipping Business A market leader in developing unique liner shipping software for shipping lines and
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      Lock icon Page 19 Advertisements Column 2
      8 19 吃能肉教你新 http://eat.omy.sg http://blog.omy.sg/ellenaguan/
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      327 20 CRYPTIC CROSSWORD Across 1 Person helping pianist with compelling work? (4-6) 6 Superior role over in the Beehive state (4) 9 One who has depressant drug needs day off (5) 10 Drink in here? Shop stocks nothing but (6,3) 12 Retired professors from Cambridge ultimately deserve one (7) 13 Cheat
      327 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon What’s funny to you may not be funny to me
      841 22  -  Humour ads with a safe judgment appeal to collectivistic rather than individualistic consumers LEE YIH HWAI The writer is associate professor in marketing at NUS Business School. He specialises in consumer behaviour with particular emphasis in the marketing promotions domain.
      AFP  -  841 words
    • Article, Illustration
      Lock icon What it takes for China to be a world power
      768 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator IN A dramatic challenge, China has demanded that the United States recognise it as a world power and not, as it has in the past, relegated
      768 words
    • Article
      Lock icon Double-dip recession unlikely
      503 22 EDITORIAL DESPITE the global economic recovery since the second half of 2009, a minority of observers continue to forecast a double-dip recession, at least in the United States. These include respected economists such as Paul Krugman of Princeton and Robert Shiller of Yale. Theirs is, however, not
      503 words
    • Article, Illustration
      Lock icon US financial reform just beginning
      1554 23  -  Legislation protects but doesn’t prevent crashes; many weaknesses, imbalances that led to the crisis remain unaddressed By EZRA KLEIN LAT-WP [WASHINGTON] FINANCIAL reform has passed. The sprawling legislation is meant to be an air bag protecting us from the next major crash, which of course
      LAT-WP; AFP  -  1,554 words
    • Article, Illustration
      Lock icon What’s safe then is now risky, and vice versa
      866 23  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of “Bust”, a forthcoming book on the Greek debt crisis. The opinions expressed are his own WHAT is risky and what is safe? That has always been a crucial
      866 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9021 24 Transaction date: Aug 3 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 20 11 3148 8Telecom 19 +1 1390 19 18.5 18.5 19 1.7 9.5 6.1 91 10 6 5834
      9,021 words
    • Article
      Lock icon SGX CATALIST
      1892 25 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 5 6 27.8 4.8 225 130 6222 t APStrategic 195 -3 6 195 180 181
      1,892 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9422 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.17/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.9584/0.9584 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.5932/ Asian Credit Fund
      9,422 words
    • Article
      Lock icon SGX ETF
      790 25 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 $mil 124 107 6389 ABF SG Bond ETF 114 114 115 520.4 913 710 CIMBAsean40 100US$ US913 902 908 36.5 306 255 DBS STI ETF
      790 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 25 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 $mil 56 30 6000 AVJennings A43 40.5 48 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US26 -0.5 ***** 26.5 25 25.5 26
      74 words
  • Page 24 Advertisements
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      67 24 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 •SINCERE FINE WATCHES SINCERE NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65)
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 2 Index Change Change Change Change Change Change World Index Preliminary 822.9 1.8 -1.2 1.7 -5.2 2.3 -1.5 EAFE Preliminary 761.3 1.9 -3.0 2.2 -7.6 2.9 -4.0 Europe Preliminary 1115.4 2.6
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 26 Aug 3 $S Offer Bid Overnight 0.05 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.40 0.30 1 month 0.55 0.35 2 months 0.60 0.40 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.05 0.85 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 26 Aug 3 S$ Bid Offer 1-month 1.3515 1.3518 2-months 1.3513 1.3517 3-months 1.3512 1.3515 6-months 1.3506 1.3509 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon SICOM FUTURES
      146 26 Aug 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 323.9 320.0 323.9 7 Oct 10 317.0 317.0 317.0 14 Nov 10 316.0 316.0 316.0 4 Dec 10 320.0 316.0 316.0 28 Jan 11 316.0 316.0 314.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 26 Aug 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04.11.2010 0.29 0.23 0.23 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.41 104.45 104.43 5-Year N*****0N 1.375 01.10.2014 103.15
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    • Article
      Lock icon CHICAGO BOT
      105 26 Aug 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1053.25 1052.50 1073.00 1049.00 Sep 10 1019.25 1012.00 1037.00 1008.50 Nov 10 1010.00 1005.00 1029.50 1001.25 Jan 11 1016.25 1011.00 1035.25 1007.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 40.44 39.83 40.92
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Aug 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.95 3.72 WTI (Near Mth) 81.53 2.55 Dubai (1-Mth F) 77.19 2.65 Tapis blend 83.20 2.00 Minas 79.95 2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.50 0.73 Jet Kerosene 89.12 1.84 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2317 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -3 4.88 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 1 87 2400
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 26 Aug 3 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2210 1.2590 Can dollar 1.3120 1.3280 Euro 1.7690 1.7900 NZ dollar 0.9820 1.0030 Sterling pound 2.1330 2.1580 US dollar 1.3420 1.3580 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 Aug 3 Open High Sett STI Aug 2994 SIMSCI Aug 357.0 359.5 355.1 Taiwan Aug 279.4 282.0 280.9 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      76 26 Aug 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2620 2641 2636 2616 477 3015 Sep 10 2598 2593 2600 2576 3390 ***** Oct 10 2572 2562 2576 2538 ***** ***** Nov 10 2560 2555
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      421 26 Aug 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6100 0 1599 Dec10 99.5850 0 2972 Mar11 99.5250 0 2551 Jun11 99.4150 0 2131 EUROYEN TIBOR FUTURES Sep10 99.6550 181 3495 Dec10 99.6900 85 1543 Mar11 99.7050 0 2043 Jun11 99.7100 99.7150 99.7100 99.7100 100
      421 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 26 Aug 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.934 6.170 0.689 7.072 42.086 81.462 0.783 10.672 2.878 1.243 78.137 41.102 1.231 6.674 0.945 28.936 29.310 0.571 0.911 Canada 1.071 6.606
      465 words
    • Article
      Lock icon SIBOR
      85 26 Aug 3 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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      Lock icon INTERBANK CURRENCY RATES
      154 26 Aug 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2310 1.2317 0.9108 0.9111 Canadian dollar 1.3181 1.3187 0.9752 0.9754 Euro 1.7864 1.7875 1.3217 1.3222 NZ dollar 0.9902 0.9912 0.7326 0.7332 Sterling pound 2.1546 2.1559 1.5941 1.5947
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      138 26 Aug 3 GOLD (US$/oz) Aug 03 Aug 02 Hong Kong 1183.70 1183.60 Aug 02 Jul 30 London 1184.25 1175.10 1185.05 1175.85 Source: Thomson Reuters CAST BAR Aug 03 (S$) Selling Buying Kilobar 55,139.24 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123.05 51 5gm 350.56 257 10gm 625.95
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      Lock icon LONDON METALS
      71 26 Aug 2 Aug 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2207.00 2162.75 3 months 2217.00 2175.00 Copper, Grade A (US$/tonne) Cash 7485.00 7273.50 3 months 7510.00 7296.50 Lead (US$/tonne) Cash 2190.00 2054.50 3 months 2214.00 2077.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon LIFFE
      82 26 Aug 2 COCOA (£/tonne) Close Prev High/Low Sep 10 2257 2273 2281/2243 Dec 10 2171 2185 2194/2157 Mar 11 2154 2164 2165/2144 May 11 2160 2174 2174/2154 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1778 1810 1827/1776 Nov 10 1793 1829 1843/1792 Jan 11 1783 1818 1822/1781 Mar 11
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    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5583 27 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.
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      46 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • executive Money
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      Lock icon Westpac a boutique among other banks
      993 29  -  Its edge lies in 2 areas attractive Aussie dollar term deposit rates and financing facilities for investing in Australian and New Zealand properties, reports GENEVIEVE CUA GENEVIEVE CUA WESTPAC Private Bank Asia is a boutique alongside large local and foreign banks, says Sean Straton,
      993 words
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      Lock icon Emerging markets that are maturing pose a new challenge
      576 29 Emerging equities, currencies, bonds moving out of sync with each other Reuters [LONDON] Investors buying into emerging markets for a leveraged bet on global growth and portfolio diversification are having to rethink their strategies as the integration of major developing markets
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      Lock icon Focus policy on externality-driven jobs
      978 29  -  By ROBERT J SHILLER NYT [NEW YORK] Across the United States, thousands of federally financed stimulus projects are under way, aimed at bolstering the economy and putting people to work. The results so far have not been spectacular. Why not? There’s nothing wrong with the
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      Lock icon Och-Ziff wins investors on founder’s reputation
      1472 31  -  US hedge fund also known for consistent returns of 10-20% and for hedging risks By KAMBIZ FOROOHAR Bloomberg [NEW YORK] DANIEL Och, founder of US$25 billion hedge fund firm Och-Ziff Capital Management Group LLC, looks out from the podium over the crowd of investors
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      513 31 There's an easier way to move gold into your portfolio. 1 c m i LL i 1 4 ft HI If you wanted to invest in gold, you could look for a place to buy it, hire someone to transport it, and store it behind steel walls. Or you could
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      198 32 We have the largest number of Southeast Asian brokers with their ears to the ground. And twice as many eyes. More than 1,000 brokers in 50 branches and 60 research analysts across 5 countries, in fact. So what, you ask. So that's more analysts researching the best possible investment opportunities
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