The Business Times, 16 August 2010

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 22 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 16,2010
    22 words
  • 955 1  -  CEO says the firm now operates out of Melbourne with a staff of 3 By JAMIE LEE [SINGAPORE] Autron Corporation a mainboard listing that was once linked to Temasek Holdings has been evicted from its headquarters in Singapore after failing to pay rent, BT
    ARTHUR LEE  -  955 words
  • 155 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 2,939.97 -55.09 KL COMP 1,360.15 -0.30 NIKKEI 225 9,253.46 -388.66 HANG SENG 21,071.57 -607.23 SET INDEX 862.16 -12.91 JAKARTA COMP 3,053.01 -7.58
    155 words
  • 555 1  -  Heavy sales returns help widen Q2 net loss to 673m yuan By JAMIE LEE [SINGAPORE] Celestial Nutrifoods which made headlines last year for defaulting on convertible bonds worth more than $200 million has posted what it called a “negative revenue” for its second quarter, an
    555 words
  • Page 1 Advertisements
    • 73 1 VIEWS FROM THE TOP Leaders for the next DINING OUT Garage gets a makeover CORPORATE GOVERNANCE Trust us, we are paying for performance PAGE 7 wave PAGES 10 and 11 PAGE 22 YOUTH OLYMPIC GAMES Magic moments PAGE The BizIT interview Security is a question of trust, says Symantec CEO
      73 words
    • 3 1 8 '*****1 *****4
      3 words
    • 66 1 mi ew Hi feneve o n 4* A If <€>' Cortina watch Singapore Boutiques: The Shoppes at Marina Bay Sands Tel: (65) *****008 ION Orchard Tel: (65) *****238 Singapore Millenia Walk Tel: (65) *****728 Paragon Tel: (65) *****084. Raffles City Tel: (65) *****185 Malaysia Starhill Gallery Tel: (603) *****171. Thailand
      66 words

  • TOP STORIES
    • 502 2 Autron evicted from its S’pore HQ AUTRON Corporation a mainboard listing that was once linked to Temasek Holdings has been evicted from its headquarters in Singapore after failing to pay rent, BT has learnt. This is the latest in a string of credit and legal problems faced by
      502 words
    • 1007 2  -  Disquiet grows over slowing economy, anaemic jobs growth, earnings prospects WALL STREET INSIGHT By ANDREW MARKS ON Wall Street, the final two weeks of August are known as the quiet season, a period unrivalled even by the holiday weeks around Christmas
      1,007 words
    • 1008 2 Preference for bonds over stocks and high trade deficit are worrisome signals NYT [NEW YORK] Like a car spinning its wheels, the American economy hasn’t been getting much traction. Many financial indicators are issuing worrisome signals, millions of people are still out
      NYT; BLOOMBERG  -  1,008 words
    • 16 2 Branchen Stars R1C-A EUR db X-MACROTrading Index Fund I4D GBP 09/08/10 127,60 05/08/10 98,03
      16 words
    • 11 2 FX Select Guaranteed Fund R1D 09/08/10 100,85 USD
      11 words
    • 29 2 Balanced Currency Harvest Euro I1C EUR Booster Capital Guaranteed Fund SGD R1D SGD Double Joy Capital Guaranteed Fund R1D USD 09/08/10 101,77 05/08/10 10,48 05/08/10 9,96
      29 words
    • 447 4  -  Ability to adapt is key to Singapore’s success By JAMIE JAMIE LEE [SINGAPORE] Government policies are not cast in stone and have evolved to suit changing circumstances, said Minister Mentor Lee Kuan Yew. The ability to adapt, as well as fundamental values such
      447 words
    • 933 4  -  Developers are still looking to expand there but analysts are advising caution NEWS ANALYSIS By UMA SHANKARI [SINGAPORE] It is getting increasing difficult to get a sense of the state of China’s residential property market. Developers listed on the Singapore Exchange both household Singaporean
      AFP  -  933 words
    • 699 4  -  Plan to cut off payments to pensioners unless it can be shown they’re still alive By ANTHONY ROWLEY THE official search for Japan’s “missing centenarians” is hotting up following the discovery last month of the partly mummified remains of a man who was
      699 words
    • 727 5  -  Massive losses, big plunges in net profits reported by several companies By JAMIE LEE THE bad news can wait, even when it comes to the results season. The latest crop of companies squeezing in their results over the weekend included several firms that made massive
      727 words
    • 311 5 Bloomberg [NEW YORK] Barclays Plc offered what it says are the first exchange-traded notes designed for betting on changes in yields between different-maturity Treasury bonds, as the Federal Reserve announced this week it would buy long-er-term US debt. Barclays issued on Aug 10 a “steepener” ETN,
      Bloomberg  -  311 words
  • Page 2 Advertisements
    • 100 2 RESTAURANT HOSHIGAOKA With a rich history of more than 38 years in Singapore, it is now newly acquired by JP Pepperdine Group. Newly Rebranded! With Fresh Interiors. R estau^NTHOSHIG aoka Expect refreshingly-new menus of improved quality value-for-money Set Lunch and Ala Carte items. Japanese dining at Value-for-money prices! Daily Set
      100 words
    • 158 2 MERGERS ACQUISITIONS, ALLIANCES PARTNERSHIPS AMA's workshops give you the crucial ingredients for successful M&As, strategic alliances and partnerships. LEARN FROM A TOP M&A SPECIALIST DENNIS UNKOVIC, a partner with the law firm of Meyer, Unkovic Scott LLP (USA), focuses his practice on helping companies conduct their international operations. He is
      158 words

  • Page 3 Advertisements
    • 142 3 a 4 h m J i nm 4 4 4< I *.ri /i $hj{ i 7 ►-.v 51 7 'A' i i k_Z VLV 9ESH afe&L-^ig 1 s U i t-f SETTY S| I i L i A M u r I A ft A. PPL DELIVERY OF P2028 SETTY
      142 words

  • Page 4 Advertisements
    • 191 4 able W for the fo^ ee yfifti I2S22££^: nnovation hinges got a big S a P cuto vateeffe£^ companies of many leadership to nurture it ability otalen t and then acm. We have a solution for that. Through highly effective experiential learning tools and simulations, the Leadership Development Program (LDP)®
      191 words

  • Page 5 Advertisements
    • 340 5 34°S Buenos Aires, Argentina J An exquisite Marina Bay Sands experience t complete with access to the Sands SkyPark! Yours when you join HSBC Premier. Opportunities arise when you are open to new experiences In a world without boundaries, possibilities abound. And no matter where an opportunity presents itself, we'll
      340 words

  • SINGAPORE MARKETS
    • 687 6  -  STOCKS R SIVANITHY Senior Correspondent HOW quickly they forget. Just a short while ago, the term everyone was fixated on was “PIIGS”, which referred to the debt-laden countries of Portugal, Ireland, Italy and Spain, and their associated sovereign debt problems. The euro was
      687 words
    • 494 6  -  COMMODITY WATCH By FRED SEAMON The writer is associate director, commodity research product development, at CME Group VOLATILITY has returned to the Chicago Board of Trade (CBOT) wheat futures market, as players contemplate supply issues after drought affected much of the crop in eastern
      494 words
    • 406 6 CURRENCIES Bloomberg [NEW YORK] The Dollar Index surged last week, breaking its longest stretch of weekly losses in more than five years, as concern that the global economic recovery is stumbling curbed investors’ appetite for high-er-yielding assets. The US currency
      Bloomberg  -  406 words
    • 113 6 BY CENTS CLOSE UP DBXT AUDMM 5US$ ***** 1014.7 4.6 DBXT USDIGInfl 5US$ ***** 357.2 1.1 GLD 10US$ ***** 277.1 1.7 DBXT iBoxxSing 5SG$ ***** 240.0 2.0 DBXT S&P Short 10US$ 5312 226.8 3.2 DBXT AUDMM 5SG$ ***** 140.0 0.6 DBXT AUDMM 5AU$ ***** 102.8 0.4 OCBC Bk 5.1%NCPS
      113 words
    • 120 6 BY CENTS CLOSE DOWN DBXT iBoxxKR 5US$ *****-518.9 -3.3 DBXT FTVietnam 10US$ 3816-289.3 -5.3 DBXT Nifty 10US$ *****-241.8 -1.5 DBXT MSKorea 10US$ 4722-237.7 -3.6 DBXT FTChina25 10US$ 2889-211.9 -5.1 DBXT SPASX200 10US$ 2811-173.9 -4.4 UOB.ES.1008 1868-112.0 -5.7 Lyxor China H 10US$ 1508-101.9 -4.7 Lyxor Europe 10 US$ 1168 -85.6
      120 words
    • 1623 6 U*u*u* «W .1 fwKid T»'l II •*i IK n t»T*! r+* UHUrWAMM Mil* Uvttt*! WIH '•MV lir,«i id 6Hni <t» TIT 34* J6V n H >« m <K» I i h ht)i\ A\"i ita I IN 9 Ml 1 i 1 Ttl Ai <liut» .i?i: CIITP Uil i
      1,623 words
    • 87 6 Where S$ stands Aug 13 CHNG YR 2010 CLOSE FR Aug 12 S$ LOW S$ HIGH US$ 1.3589 0.41 1.4219 1.3472 Euro 1.7474 0.33 2.0153 1.6886 Pounds 2.1267 0.38 2.2831 2.0003 A$ 1.2238 -0.25 1.2960 1.1515 Yen* 1.5819 1.07 1.5987 1.4467 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.2619 0.22
      87 words
    • 4 6 WEEKLY
      4 words
    • 66 6 Aug 13 VALUE CLOSE BT OB/OS -230.00 +43.00 BT CADI -*****.00 +102.0 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 721.64 +6.55 FTSE ST Small Cap 541.40 +5.14 FTSE ST All Share 726.10 +3.95 FTSE ST China Top 269.64 +2.27 FTSE ST China 298.01 +1.01 FTSE
      66 words
    • 57 6 VOLUME Genting SP 957,956,000 Enzer 334,971,000 Adventus 314,306,000 Golden Agri 291,701,000 Informatics 260,159,000 Equation 146,452,000 Noble Grp 132,643,000 NOL 116,901,000 *Genting HK US$ 111,802,000 China Hongxing 107,094,000 VALUE($) Genting SP 1,318,506,180 UOB 339,581,380 Wilmar 266,832,664 DBS Grp 254,430,075 CapitaLand 246,850,947 SingTel 238,795,241 NOL 230,691,508 Noble Grp 213,176,175
      57 words
    • 1284 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE trading among directors rebounded sharply after two weeks of very low activity with 17 companies that recorded 30 transactions worth $5.4 million, based on filings on the Singapore
      1,284 words
    • 1435 8  -  TEH HOOI LING Senior Correspondent CONCERNS about the global economy weigh down stock prices globally last week. Not spared either were Singapore stocks. The Straits Times Index ended the week down 1.8 per cent. Our portfolios fared slightly better, after taking into consideration dividend distributions.
      1,435 words
  • Page 6 Advertisements
    • 86 6 Phillip Futures Brirraing Global Markets Closer to You www, phi1lipfutures.com.sg 6538 0500 Brought to you by PhiISp Futures Pta 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
      86 words

  • COMPANY NEWS
    • 1066 7  -  Shareholders should be alert to the possible misuse of ‘performance share plans’ by companies, and be ready to challenge them UNTICKING THE BOX By MAK YUEN TEEN OVER the last few years, more companies have introduced share plans either to replace or supplement
      1,066 words
    • 398 7 Aug 13 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
      398 words
    • 280 7 COMPANY MEETING PLACE DATE TIME Contel Corp A Auditorium of Katong Hostel, 369 Tanjong Katong Road, Singapore *****6 14-Aug 10.30am Stratech Sys A Boardroom, Stratech Systems Limited, 2 International Business Park, #06-20/35, Tower 2, The Strategy, Singapore *****0 16-Aug 9.00am Top Global E Orchard Parade Hotel, 1 Tanglin
      280 words
  • Page 7 Advertisements
    • 79 7 MARKETS get thinking FX/CFD trading Guaranteed market prices for all Share CFDs. Low commission on over 7000 global shares automatic rebates for high-volume traders on Singapore stocks. Go long or short with margins from just 10%. Limit your risk with Guaranteed Stops and Trailing Stops. Find all you need to
      79 words


  • SINGAPORE NEWS
    • 712 9  -  S’pore has made sporting history as the host of a new Olympic-branded event COMMENTARY LEE U-WEN Acting Deputy Foreign Editor WITHabouthalf-an-hourto go before the opening ceremony,ominous dark clouds blanketed the Marina Bay area. A friend who was seated at the other end of the
      SPH-SYOGOC/JOHN HENG  -  712 words
    • 348 9  -  They will work as a group to recruit students in the West By YEN PEI WEN THE top four business schools in Asia, as ranked by the Financial Times, have broken from old traditions of competing with each other to secure Western students
      348 words
    • 1430 9 Payment Ex Books Pay Ann (cts) date close date date Adampak Ltd aw 1.000 03-Sep 07-Sep 24-Sep 13-Aug AIMS AMP Cap Ind Reit ag 0.538 06-Aug 11-Aug 16-Sep 30-Jul ARA Asset Mgt aw 2.300 25-Aug 27-Aug 09-Sep 13-Aug Armstrong Ind aw 2.000 09-Sep 14-Sep 30-Sep 13-Aug Ascendasreit ao
      1,430 words
  • Page 9 Advertisements
    • 583 9 CP? ■O^ \nc\ud ed 1 <\: |p I ffl 5 Ki tw m 5;% f i §fc /i& m \--m f L il fc i»». Mr 1 ,'V.•!*.>•• A' 9 **v*W»-< Wf. V v w,. W■ .>.'.iS. "v: "i 3 x DBS ASSET MANAGEMENT Why DBS Exchange Traded Funds (ETFs)?
      583 words

  • VIEWS FROM THE TOP
    • 4606 10 THIS WEEK’S TOPIC What are the leadership qualities and capabilities needed to ride on the next wave of growth and recovery as the world emerges from the downturn? Saw Phaik Hwa President CEO SMRT Corporation Ltd IT begins with a dare-to-do spirit and a commitment
      4,606 words

  • Page 11 Advertisements
    • 584 11 Resorts World Sentosa, Singapore 29 30 September 2010 People Strategies for Asia Riding the Wave of Recovery Growth A gathering of distinguished CEOs and thought Leaders at Asia's premier peer-to-peer C-suite platform on human capital and leadership. Over the last two years, the Singapore Human Capital Summit has successfully Prought
      584 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 945 12  -  One of the keys to achieving lifetime success financially is to engage in financial education, writes THOMAS MATHEW THOMAS MATHEW The writer is the chairman of ThomasTheCoach, a wealth mastery training and coaching firm, and will speak on wealth creation at the Singapore Institute of
      945 words
    • 936 12  -  A field trip in China forces a rethink of assumptions about rural poverty, reports JOANNE CHAN KAREN CAMPUS LIFE JOANNE CHAN KAREN The writer is a recent graduate of the Singapore Management University. She was one of two students who conceptualised this new course with
      936 words
  • Page 12 Advertisements
    • 271 12 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
      271 words

  • ECONOMY WATCH
    • 729 13 Hoenig says the move to keep rates near zero is a dangerous gamble Reuters [LINCOLN, Nebraska] The Federal Reserve is undertaking a “dangerous gamble” by keeping rates at near zero for so long, and it must start raising rates or risk damaging the nascent
      Reuters; BLOOMBERG FILE PHOTO  -  729 words
    • 456 13 Bloomberg [STOCKHOLM] Swedish Prime Minister Fredrik Reinfeldt pledged a further round of tax cuts to reduce unemployment and galvanise economic growth as the Nordic country prepares for general elections next month. Mr Reinfeldt’s Moderate Party, which leads the four-party coalition government, wants
      Bloomberg  -  456 words
    • 461 13 This is despite surging growth in Germany Reuters [KUALA LUMPUR] Despite surging growth in Germany, the euro zone’s largest economy, that helped push the 16-member bloc to its fastest expansion rate in three years, Europe’s economic recovery is still “gradual”, European Central Bank
      Reuters  -  461 words
  • Page 13 Advertisements
    • 174 13 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
      174 words
    • 91 13 1 A Better accessibility. s 13 m J -1 a t i' i IP" V ELEVATORS, ESCALATORS AND MOVING SIDEWALKS IN CHANGI AIRPORT TERMINAL 3, PROUDLY BROUGHT TO YOU BY HITACHI ELEVATOR ENGINEERING (S) PTE. LTD. I 1 MOVING SIDEWALKS TOMORRJW TOGETHER Since 1932, we have transported people efficiently and
      91 words

  • MALAYSIA/INDONESIA
    • 611 14  -  Traffic congestions, unrestrained building hampering efforts MALAYSIA INSIGHT PAULINE NG KL Correspondent THERE are growing calls to rebrand Kuala Lumpur. The Malaysian capital is looking dull and jaded, provincial in contrast to bustling and “happening” Hong Kong, Bangkok and Singapore. Even Jakarta is attracting
      611 words
    • 267 14 AFP [KUALA LUMPUR] Europe’s biggest carmaker Volkswagen is to join forces with DRB-Hicom to assemble and manufacture cars in Malaysia, a report said yesterday. DRB is one of Malaysia’s largest car distributors and importers. Volkswagen inked an agreement on Friday with DRB-Hicom to roll
      AFP; AP  -  267 words
    • 460 14 Bloomberg [JAKARTA] Indonesia may miss its 2010 production target for coal after a long-er-than-usual rainy season disrupted mining, according to an industry group. Output by the world’s second-largest coal exporter may be unchanged at 300 million tonnes this year from 2009,
      Bloomberg; REUTERS  -  460 words
    • 2007 14 VOL Aug 13 RM +/-(‘000) A M Realty 0.54 -0.01 170 Abric Bhd 0.26 0.02 2361 Advance Synerg 0.15 0.01 469 Adventa Bhd 2.79 -0.01 636 Ae Multi Hldgs 0.48 unch 1222 Affin Holdings 3.03 0.03 255 Ahmad Zaki Res 0.88 -0.03 1250 Aic Corp 0.81 0.09 7039
      2,007 words
  • Page 14 Advertisements

  • GREATER CHINA
    • 575 15 Move for additional funds to build major natural gas field follows Beijing’s US$3b loan last year AP [ASHGABAT, Turkmenistan] Energy-rich Turkmenistan is reaching out to China for a US$4.1 billion loan to develop one of the world’s largest natural gas fields, state media reported on
      AP; AFP  -  575 words
    • 413 15 Learn from US when modernising armed forces, it urges Reuters [BEIJING] China’s military thinking is outmoded and it should learn from others, especially the United States, when it comes to modernising its vast armed forces, a leading armed forces newspaper said yesterday. A commentary
      Reuters  -  413 words
    • 241 15 Xinua [TAIPEI] The Chinese mainland supports individual tourist travel to Taiwan, but wants time to prepare for possible large tourist flows, said a senior mainland official yesterday. “We are positive about allowing individual mainland tourists to travel to Taiwan, but a lot of
      Xinua  -  241 words
  • Page 15 Advertisements
    • 34 15 WBL Corporation Ltd and its group of companies congratulate our Chairman Mr Ng Ser Miang on being conferred the Meritorious Service Medal at the 2010 National Day Awards U72 WEARNES Building Heritage Creating Future
      34 words

  • GREATER CHINA/INDIA
    • 530 16 These are needed to boost country’s agricultural growth to 4% Bloomberg [NEW DELHI] India needs to invest in technology to cultivate dry areas and boost farm production lagging at the slowest pace of growth in five years, Prime Minister Manmohan Singh said in
      Bloomberg; AFP  -  530 words
    • 540 16 AFP [NEW DELHI] India’s prime minister promised a successful Delhi Commonwealth Games yesterday, a day after he intervened to rescue the troubled event that has been beset by delays and allegations of corruption. “The successful organisation of the Commonwealth Games would be another signal
      AFP  -  540 words
    • 236 16 No extra hormones found in formula at centre of complaints AP [BEIJING] China’s Health Ministry found no link between milk powder and apparent breast growth in three babies after an investigation in China’s latest product safety scandal. The ministry investigated following parents’ complaints that
      AP  -  236 words
    • 279 16 AFP [NEW DELHI] India’s flagship outsourcing industry reacted angrily on Saturday to a new US law tightening security at the Mexico border with measures paid for by steep hikes in American work visa fees. The US$600-million legislation, signed into law on
      AFP  -  279 words
  • Page 16 Advertisements
    • 1147 16 adv UNITEDINDUSTRIA ORPOR IONLIMITED ((CCoo.. RegNo*****0181E) I( I (Incorpor ed theRepublic Singapor LLOOSTSHARECERTIFIC Applicationhasbeenmade theDirecors theabo named ompan issue duplicat tificat plac the ollowing tificates the name GOES SALIMwhichha been epor lost destr ed:CCeerrtifica No(s). NoofShares *****69D *****70C 22 XX 1,000 NOTICE HEREB GIVENthat within oureenda omthedat publication, noclaim epresentation
      1,147 words
    • 29 16 «L Lianhe Zaobao ft <L> Sports I S-chips not out of the if woods yet flS despite growing fa consumer confidence To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      29 words

  • ASIA-PACIFIC
    • 522 17 This is to help fund estimated US$1t bill when the 2 Koreas eventually rejoin Reuters AFP [SEOUL] South Korean President Lee Myung-bak yesterday proposed a “reunification tax” to help fund the expected US$1 trillion bill when the two Koreas eventually rejoin. There are
      Reuters; AFP; REUTERS  -  522 words
    • 498 17 AP [TOKYO] Breaking from past governments’ tradition, Japanese Prime Minister Naoto Kan yesterday shunned a visit to a shrine that has outraged Asian neighbours for honouring war criminals. And he apologised for the suffering World War II caused. Members of the now-op-position
      AP  -  498 words
    • 323 17 Liberal-National coalition has 51.4% support Bloomberg [SYDNEY] Australian opposition leader Tony Abbott’s coalition has an elec-tion-winning lead over Prime Minister Julia Gillard’s Labor Party before voters go to the polls on Saturday, according to an opinion poll published yesterday. On a two-party preferred
      Bloomberg; REUTERS  -  323 words
  • Page 17 Advertisements
    • 34 17 Turning information into insight That's the power of BT Associate Editor Vikram Khanna brings to light the trends and personalities behind the news. THE BUSINESS TIMES A publication of sp'i i c I C
      34 words

  • WORLD
    • 629 18 Withdrawal of import concessions over human rights row takes effect AFP [DANKOTUWA, Sri Lanka] Sri Lankan exporters braced for hard times as the EU’s withdrawal of import concessions took effect yesterday after Colombo’s refusal to allow scrutiny of its human rights record. Sri Lanka
      AFP  -  629 words
    • 279 18 Power generators are using more gas amid recovery Bloomberg [SEOUL] South Korea, the world’s second-largest buyer of liquefied natural gas (LNG), increased imports of the fuel for a sixth month as power generators used more gas amid an economic recovery. LNG purchases
      Bloomberg  -  279 words
    • 445 18 NYT [SAN FRANCISCO] Computer security researchers are raising the alarm about vulnerabilities in some of the Web’s most secure corners: the banking, e-commerce and other sites that use encryption to communicate with their users. Those sites, which are typically identified by a closed lock
      NYT  -  445 words
    • 585 20 Asset manager gets control over power firm in unusually structured buyout Reuters AP [NEW YORK] Blackstone Group’s deal to buy Dynegy Inc is an unusually structured buyout that would give it control of the power company without having to refinance or invest
      Reuters; AP  -  585 words
    • 214 20 Bloomberg [NEW YORK] Kentucky’s insurance regulator has prohibited life insurers in the state from automatically retaining death benefits in their corporate general funds and issuing so-called checkbooks to the survivors. “We believe in consumers having choices,” said Kentucky insur- ance commissioner Sharon
      Bloomberg  -  214 words
    • 607 20 They want to show lobbyists, bankers don’t influence rules NYT [WASHINGTON] After passage of the law overhauling the nation’s financial regulations, the federal agencies responsible for writing the rules are striving for transparency to avoid the appearance of improper coziness with lobbyists,
      NYT  -  607 words
  • Page 18 Advertisements
    • 25 18 SUBSIDIARY OF Listen LIVEM Listen N.vadio9l3.com w .radio 1003.com Also hear us on: .iifrRMTS TIMES. /S> aslaone VSf rrzuf.t www.stomp.com.sg asiaone.com w ww.oir»ysg SS& STOMTSTIMES
      25 words

  • FOCUS: PUBLISHING
    • 1586 19  - Archie gang is going places Besides an updated comic book setting, there’s a digital move, merchandising, maybe a musical, reports GEORGE GENE GUSTINES GEORGE GENE GUSTINES NYT HAS Archie Andrews “gone wild”? Last fall, Archie, the comic book redhead from Riverdale, got married twice. (No worries: Archie is not a
      NYT; ARCHIECOMICS.COM  -  1,586 words
    • 1065 19 Sidney Harman has been branded a ‘vanity mogul’ for his purchase of the magazine, but the truth may be far simpler than that NYT THE day after he turned 92 (yes, 92), Sidney Harman, audio industry pioneer, philanthropist, author, university professor, lover of Shakespeare and
      NYT; BLOOMBERG  -  1,065 words

  • Page 20 Advertisements
    • 85 20 «*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
      85 words

  • AVIATION/SHIPPING
    • 373 21 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose on Friday with Chinese iron ore enquiry still providing support, especially on the larger capesizes. The index, which gauges the cost of shipping commodities including iron ore,
      Reuters  -  373 words
    • 278 21 SGX '000 Aug 13 S$ +/-Vol CH Offshore 0.54 unch 850 Chuan Hup Hldg unch unch 0 Cosco Corp 1.61 0.02 ***** CWT Ltd 0.91 -0.02 1540 Ezra Hldgs 1.87 0.01 5911 First Ship Lea 0.41 0.01 308 Freight Links 0.06 unch ***** Grand Banks 0.46 0.06 4
      278 words
    • 884 21 Brazil’s TAM and Chile’s LAN plan to merge in all-stock deal worth US$2.7b Reuters [SANTIAGO] Brazil’s TAM and Chile’s LAN announced a proposed merger on Friday that would create Latin America’s largest airline and compete for the region’s booming demand for passengers and
      Reuters; REUTERS  -  884 words
    • 2988 21 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
      2,988 words
    • 252 21 Bloomberg [SYDNEY] Qantas Airways, Australia’s biggest carrier, will look to expand capacity on international routes as demand recovers amid “positive signs” in the previous quarter, chief executive Alan Joyce said. “We’re seeing an improvement in the US route,” he said in an interview telecast by
      Bloomberg  -  252 words
  • Page 21 Advertisements
    • 115 21 NOTICE OF PEAK SEASON SURCHARGE In consideration of the pre-Mid Autumn Festival and Chinese October National Days cargo rush, the Members of the Asia/West Africa Trade Agreement have decided to implement a Peak Season Surcharge in the Far East West Africa trade to provide the required service to meet the
      115 words
  • Page 21 Miscellaneous
    • 361 21 CRYPTIC CROSSWORD Across 1 Detect behind fellow with us finicky type (7) 5 Wife detained by weirdo, possibly deprived man (7) 9 Stern batsman’s position facing trial, defensive move? (9,6) 10 Support amateur opera (4) 11 Open top of bottle, European drink (5) 12 Long-legged bird eclipsed star (4) 15
      361 words

  • DINING OUT
    • Article, Illustration
      819 22  -  RESTAURANT REVAMP Garage 30 Merchant Road, 01-07 Riverside Point Tel: 6533-3188 www.garage.com.sg and www. twitter.com/GarageSG (@GarageSG) By Geoffrey Eu THE restaurant formerly known as WineGarage has had its name shortened, its dining room carved up and a new menu installed, but diners who had an affinity with its
      819 words
    • 581 22  -  NEW RESTAURANT Kusabi #01-68/69 The Central Clarke Quay 6 Eu Tong Sen Street Tel: 6225-9415 By Cheah Ui-Hoon RAMEN must be one of the most popular foods in Singapore, judging from the new outlets sprouting up every so often, even after the entry of several top
      581 words
  • Page 22 Advertisements
    • 148 22 FIRST www.faclio913.c< www.omy.sg t&wuiiiti sc. t >'k http //eat omy sg http://cling.omy.sg WINE DINE AND HOSPITALITY i 3 MAGIC MOMENTS AT OSCAR'S. 24 HOURS A DAY Award yourself 24 hours a day, 7 days a week. Savour supper after a show. Indulge in a sumptuous buffet lunch or a la
      148 words

  • SINGAPORE STOCKS
    • 9342 23 Week ended: Aug 13 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 11 3148 8Telecom 18.5 -0.5 1389 19 18 18.5 19 1.7 9.8 5.9 88.6 12 6 5834 A-Sonic
      9,342 words
    • 1870 24 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 $mil 10 5 1181 t AA Grp 5.5 +0.5 50 5.5 5 5 6 30.6 5.3 225 130 6222 t APStrategic 182 -13
      1,870 words
    • 116 24 Stock name Close Change CapMallsAsia 2.070 CapitaLand 3.970 +0.030 CapitaMall 1.930 +0.030 CityDev 12.100 +0.100 ComfortDelGro 1.550 +0.010 DBS Grp 14.200 +0.040 F&N 5.700 -0.030 Genting SP 1.460 +0.180 Golden Agri 0.585 +0.010 HK Land 5.350 +0.010 Stock name Close Change JMH 40.400 -0.720 JSH 23.800
      116 words
    • 2686 24 Transaction date: Aug 13 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.70 unch 0 Aeon Stores 12.20 -0.20 10 Angang Steel 11.64 0.24 ***** Anhui Conch 26.65 0.20
      2,686 words
    • 186 24 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 13 1 0 0 0 4 13 1 Manufacturing 59 114 64 17 13 13 76 127 77 Commerce 16 36 25 3 10 3 19 46 28 Tpt/Stor/Comms 9 28 7
      186 words
    • 868 24 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 $mil 124 107 6389 ABF SG Bond ETF 118 +3 28 118 115 113.5 117 538.6 913 710 CIMBAsean40 100US$ US890 -20 42 906 890
      868 words
    • 265 24 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 $mil 56 33.5 6000 AVJennings A45.5cd +2.5 1 45.5 45.5 43 47.5 3.6 7.7 3.6 118.5 31 16 6017 Genting HK US$ US27.5 +1 *****2
      265 words
    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 111,062 111,062 276,730 276,730 Manufacturing 1,447,572 532,006 1,979,578 975,488 43,326 1,018,814 Commerce 486,212 720,907 1,207,119 481,866 98,623 580,489 Tpt/Stor/Comms 533,567 2,583 536,150 959,446 330 959,776 Finance 129,908 14 129,922 869,925 1 869,926 Construction 127,783 91,153
      123 words

  • Page 24 Advertisements
    • 26 24 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 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 13 Index Change Change Change Change Change Change World Index Preliminary 796.7 -0.1 -4.3 -0.1 -8.3 -0.2 -5.5 EAFE Preliminary 741.5 0.2 -5.5 -0.1 -11.0 -0.2 -8.3 Europe Preliminary 1082.5 0.0
      374 words
    • 132 25 Aug 13 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2080 1.2450 Can dollar 1.2970 1.3110 Euro 1.7350 1.7550 NZ dollar 0.9610 0.9820 Sterling pound 2.1060 2.1300 US dollar 1.3520 1.3660 Local dollars to 100 units of foreign
      132 words
    • 180 25 Aug 13 $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.38 0.28 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.00 0.80 12
      180 words
    • 22 25 Aug 13 S$ Bid Offer 1-month 1.3582 1.3595 2-months 1.3581 1.3593 3-months 1.3580 1.3592 6-months 1.3574 1.3587 Source: OCBC
      22 words
    • 27 25 Aug 13 Open High Sett STI Aug 2929.0 SIMSCI Aug 342.0 347.2 346.0 Taiwan Aug 275.2 279.4 278.6 Source: MF Global (S) Pte. Ltd
      27 words
    • 158 25 Aug 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 329.5 327.0 328.4 42 520 Oct 10 322.5 311 Nov 10 322.0 417 Dec 10 320.5 20 592 Jan 11 320.5 461 Feb 11 320.5 434 Mar
      158 words
    • 84 25 Aug 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 11.11.2010 0.28 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.25 5-Year N*****0N 1.375 01.10.2014 103.01 7-Year N*****0Z 2.375 01.04.2017
      84 words
    • 105 25 Aug 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1052.00 1057.00 1081.00 1052.75 Sep 10 1043.50 1026.00 1044.00 1027.00 Nov 10 1044.00 1028.50 1044.75 1028.75 Jan 11 1050.50 1035.00 1050.75 1035.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 41.80 41.09 41.80
      105 words
    • 77 25 CRUDE OIL PRODUCTS Aug 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.81 -1.20 WTI (Near Mth) 75.70 -2.14 Dubai (1-Mth F) 74.93 -2.01 Tapis blend 81.40 -2.00 Minas 77.30 -2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.19 -2.70 Jet Kerosene 86.60 -3.20 US$/barrel Opec Oil
      77 words
    • 2498 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39 -1 9 1 150 4 4.67 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 1
      2,498 words
    • 465 25 Aug 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.935 6.119 0.700 6.999 42.015 80.797 0.774 10.664 2.851 1.261 77.109 40.813 1.224 6.531 0.944 28.782 28.720 0.576 0.901 Canada 1.070 6.547
      465 words
    • 85 25 Aug 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 25 Aug 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2234 1.2246 0.9007 0.9008 Canadian dollar 1.3088 1.3102 0.9636 0.9638 Euro 1.7466 1.7483 1.2859 1.2860 NZ dollar 0.9698 0.9715 0.7140 0.7146 Sterling pound 2.1248 2.1273 1.5643 1.5648
      154 words
    • 137 25 Aug 13 GOLD (US$/oz) Aug 13 Aug 12 Hong Kong 1216.50 1200.80 Aug 12 Aug 13 London 1213.70 1213.05 1214.45 1213.80 Source: Thomson Reuters CAST BAR Aug 13 (S$) Selling Buying Kilobar 56,886.55 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127.33 53 5gm 361.66 265 10gm 646.28
      137 words
    • 70 25 Aug 13 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2101.25 2155.75 3 months 2110.00 2163.50 Copper, Grade A (US$/tonne) Cash 7132.25 7230.25 3 months 7156.00 7255.00 Lead (US$/tonne) Cash 2031.00 2074.00 3 months 2057.00 2100.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 82 25 Aug 13 COCOA (£/tonne) Close Prev High/Low Sep 10 2109 2127 2128/2109 Dec 10 2035 2050 2056/2034 Mar 11 2050 2061 2066/2048 May 11 2065 2075 2074/2064 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1731 1735 1761/1720 Nov 10 1768 1766 1791/1755 Jan 11 1775 1765 1787/1755 Mar 11
      82 words
    • 66 25 Aug 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 07 2780 2795 2795 2780 80 624 Sep 10 2750 2780 2792 2744 1220 7982 Oct 10 2694 2718 2737 2682 ***** ***** Nov 10 2661 2690
      66 words
    • 5733 26 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.
      5,733 words
    • 421 25 Aug 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6200 0 3704 Dec10 99.5500 0 3011 Mar11 99.4850 0 2201 Jun11 99.3900 0 1981 EUROYEN TIBOR FUTURES Sep10 99.6425 99.6475 99.6425 99.6475 100 3597 Dec10 99.6800 99.6800 99.6800 99.6850 64 1859 Mar11 99.7000 100 2043
      421 words

  • Page 26 Advertisements

  • Page 27 Advertisements
    • 46 27 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
      46 words

  • BizIT
    • 700 28  -  Govts are biggest IT drivers here and globally, say analysts. RAJU CHELLAM reports RAJU CHELLAM THEgovern-mentis the biggest infotech spender, both in Singapore as well as in the major developed countries worldwide. In fact, the current uptick in the global ICT markets
      700 words
    • 451 28  -  By VICTORIA HO GOOGLE, StarHub and SingTel. These are the top three technology brands Singaporeans are talking about online, according to the Digital Brand Index survey conducted by Brandtology and PR firm, Edelman. John Kerr, director for Edelman Digital Asia, told BizIT that
      451 words
    • 1396 29  -  Symantec CEO Enrique Salem tells AMIT ROY CHOUDHURY about the rising risk of cyber attacks <the bizIT interview> AMIT ROY CHOUDHURY SECURITY today is not about putting up higher walls around information or locking down the use of mobile devices within the enterprise network. Instead, according
      1,396 words
    • 589 29 It intends to allow purchases in small increments by compiling buyers’ transactions AP [SAN FRANCISCO] PayPal wants to make it easier to buy low-cost digital goods online, whether it’s a single article on a news website or virtual items in a video game.
      AP  -  589 words
    • 746 29  -  By VICTORIA HO ASIA is experiencing explosive growth in mobile phone sales, and local manufacturers are putting up a serious fight on home turf against large global players, in the large unpenetrated markets of India and China. Worldwide, device sales grew
      BLOOMBERG  -  746 words
    • BizIT ROUNDTABLE
      • 2592 30 Panellists: Bill Padfield, CEO, Datacraft Asia; Alvin Kok, Head of Infocomm Services, Singapore Telecommunications (SingTel); Steven Leonard, President EMC Asia Pacific and Japan; Chris Morris, Research Director, Cloud Technologies and Services, Practice Group, IDC Asia/Pacific. Moderator: Amit Roy Choudhury CLOUD computing is
        2,592 words
  • Page 28 Advertisements
    • 482 28 <the bizIT interview> Protecting data,inspiring confidence Page 29 A Special Feature Brought To You By EMC EMC Guarantees 20% Capacity Advantage for its Unified Storage Systems i2 J® where information lives® EMC Life's Simple when You are Efficient. GUARANTEED. The EMC Guarantee For many years, the total amount of storage
      482 words