The Business Times, 16 August 2010
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2010-08-16
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The Business Times
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Title Section22 2010-08-16 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 16,201022 words
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Article, Illustration955 2010-08-16 1 JAMIE LEE - 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, BTARTHUR LEE - 955 words
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Article155 2010-08-16 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 -7.58155 words
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555 2010-08-16 1 JAMIE LEE - 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, an555 words
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Advertisement73 2010-08-16 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 CEO73 words
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TOP STORIES
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Article502 2010-08-16 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 by502 words
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1007 2010-08-16 2 ANDREW MARKS - 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 Christmas1,007 words
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Article, Illustration1008 2010-08-16 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 outNYT; BLOOMBERG - 1,008 words
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Article16 2010-08-16 2 Branchen Stars R1C-A EUR db X-MACROTrading Index Fund I4D GBP 09/08/10 127,60 05/08/10 98,0316 words
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Article29 2010-08-16 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 9,9629 words
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447 2010-08-16 4 JAMIE LEE - 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 such447 words
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Article, Illustration933 2010-08-16 4 UMA SHANKARI - 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 SingaporeanAFP - 933 words
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699 2010-08-16 4 ANTHONY ROWLEY - 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 was699 words
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727 2010-08-16 5 JAMIE LEE - 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 massive727 words
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311 2010-08-16 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
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Advertisement100 2010-08-16 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 Set100 words
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Advertisement158 2010-08-16 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 is158 words
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Advertisement142 2010-08-16 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 SETTY142 words
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Advertisement191 2010-08-16 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
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Advertisement340 2010-08-16 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'll340 words
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SINGAPORE MARKETS
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Article, Illustration687 2010-08-16 6 R SIVANITHY - 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 was687 words
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494 2010-08-16 6 FRED SEAMON - 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 eastern494 words
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406 2010-08-16 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 currencyBloomberg - 406 words
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Article113 2010-08-16 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%NCPS113 words
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Article120 2010-08-16 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 -85.6120 words
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Article1623 2010-08-16 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 i1,623 words
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Article87 2010-08-16 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 0.2287 words
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Article66 2010-08-16 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 FTSE66 words
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Article57 2010-08-16 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 213,176,17557 words
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Article, Illustration1284 2010-08-16 8 ROBERT HALILI - 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 Singapore1,284 words
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Article, Illustration1435 2010-08-16 8 TEH HOOI LING - 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
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Advertisement86 2010-08-16 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 above86 words
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COMPANY NEWS
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1066 2010-08-16 7 MAK YUEN TEEN - 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 supplement1,066 words
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Article398 2010-08-16 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 of398 words
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Article280 2010-08-16 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 Tanglin280 words
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Advertisement79 2010-08-16 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 to79 words
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SINGAPORE NEWS
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Article, Illustration712 2010-08-16 9 LEE U-WEN - 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 theSPH-SYOGOC/JOHN HENG - 712 words
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348 2010-08-16 9 YEN PEI WEN - 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 students348 words
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Article1430 2010-08-16 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 ao1,430 words
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Advertisement583 2010-08-16 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
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VIEWS FROM THE TOP
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Article, Illustration4606 2010-08-16 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 commitment4,606 words
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Advertisement584 2010-08-16 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 Prought584 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration945 2010-08-16 12 THOMAS MATHEW - 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 of945 words
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Article, Illustration936 2010-08-16 12 JOANNE CHAN KAREN - 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 with936 words
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Advertisement271 2010-08-16 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 have271 words
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ECONOMY WATCH
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Article, Illustration729 2010-08-16 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 nascentReuters; BLOOMBERG FILE PHOTO - 729 words
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456 2010-08-16 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, wantsBloomberg - 456 words
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461 2010-08-16 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 BankReuters - 461 words
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Advertisement174 2010-08-16 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 Business174 words
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Advertisement91 2010-08-16 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 and91 words
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MALAYSIA/INDONESIA
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Article, Illustration611 2010-08-16 14 PAULINE NG - 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 attracting611 words
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Article, Illustration267 2010-08-16 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 rollAFP; AP - 267 words
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Article, Illustration460 2010-08-16 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
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Article2007 2010-08-16 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 70392,007 words
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Page 14 Advertisements
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Advertisement11 2010-08-16 14 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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GREATER CHINA
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Article, Illustration575 2010-08-16 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 onAP; AFP - 575 words
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413 2010-08-16 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 commentaryReuters - 413 words
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241 2010-08-16 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 ofXinua - 241 words
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Advertisement34 2010-08-16 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 Future34 words
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GREATER CHINA/INDIA
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Article, Illustration530 2010-08-16 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 inBloomberg; AFP - 530 words
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540 2010-08-16 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 signalAFP - 540 words
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236 2010-08-16 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 thatAP - 236 words
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279 2010-08-16 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 onAFP - 279 words
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Advertisement1147 2010-08-16 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 epresentation1,147 words
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Advertisement29 2010-08-16 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.sg29 words
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ASIA-PACIFIC
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Article, Illustration522 2010-08-16 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 areReuters; AFP; REUTERS - 522 words
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498 2010-08-16 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-positionAP - 498 words
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Article, Illustration323 2010-08-16 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 preferredBloomberg; REUTERS - 323 words
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Advertisement34 2010-08-16 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 C34 words
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WORLD
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Article, Illustration629 2010-08-16 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 LankaAFP - 629 words
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279 2010-08-16 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 purchasesBloomberg - 279 words
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445 2010-08-16 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 lockNYT - 445 words
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Article, Illustration585 2010-08-16 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 investReuters; AP - 585 words
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214 2010-08-16 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 SharonBloomberg - 214 words
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607 2010-08-16 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
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Advertisement25 2010-08-16 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& STOMTSTIMES25 words
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FOCUS: PUBLISHING
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Article, Illustration1586 2010-08-16 19 GEORGE GENE GUSTINES - 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 aNYT; ARCHIECOMICS.COM - 1,586 words
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Article, Illustration1065 2010-08-16 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 andNYT; BLOOMBERG - 1,065 words
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Advertisement85 2010-08-16 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 m85 words
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AVIATION/SHIPPING
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373 2010-08-16 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
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Article278 2010-08-16 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 4278 words
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Article, Illustration884 2010-08-16 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 andReuters; REUTERS - 884 words
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Article2988 2010-08-16 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 DL2812,988 words
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Article252 2010-08-16 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 byBloomberg - 252 words
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Page 21 Advertisements
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Advertisement115 2010-08-16 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 the115 words
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Page 21 Miscellaneous
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Miscellaneous361 2010-08-16 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) 15361 words
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DINING OUT
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Article, Illustration819 2010-08-16 22 Geoffrey Eu - 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 its819 words
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Article, Illustration581 2010-08-16 22 Cheah Ui-Hoon - 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 top581 words
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Page 22 Advertisements
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Advertisement148 2010-08-16 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 la148 words
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SINGAPORE STOCKS
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Article9342 2010-08-16 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-Sonic9,342 words
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Article1870 2010-08-16 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 $mil 10 5 1181 t AA Grp 5.5 +0.5 50 5.5 5 5 6 30.6 5.3 225 130 6222 t APStrategic 182 -131,870 words
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Article116 2010-08-16 24 Stock name Close Change CapMallsAsia 2.070 CapitaLand 3.970 +0.030 CapitaMall 1.930 +0.030 CityDev 12.100 +0.100 ComfortDelGro 1.550 +0.010 DBS Grp 14.200 +0.040 F&N 5.700 -0.030 Genting SP 1.460 +0.180 Golden Agri 0.585 +0.010 HK Land 5.350 +0.010 Stock name Close Change JMH 40.400 -0.720 JSH 23.800116 words
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Article2686 2010-08-16 24 Transaction date: Aug 13 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.70 unch 0 Aeon Stores 12.20 -0.20 10 Angang Steel 11.64 0.24 ***** Anhui Conch 26.65 0.202,686 words
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Article186 2010-08-16 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 7186 words
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Article868 2010-08-16 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 890868 words
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Article265 2010-08-16 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 *****2265 words
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Article123 2010-08-16 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 91,153123 words
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Page 24 Advertisements
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Advertisement26 2010-08-16 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 TIMES26 words
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FINANCE & COMMODITIES
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374 2010-08-16 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 0.0374 words
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Article132 2010-08-16 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 foreign132 words
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Article180 2010-08-16 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 12180 words
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Article22 2010-08-16 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: OCBC22 words
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Article27 2010-08-16 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. Ltd27 words
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Article158 2010-08-16 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 Mar158 words
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Article84 2010-08-16 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 01.04.201784 words
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Article105 2010-08-16 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 41.80105 words
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Article77 2010-08-16 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$/barrel Opec Oil77 words
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2498 2010-08-16 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39 -1 9 1 150 4 4.67 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 12,498 words
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Article465 2010-08-16 25 Aug 13 A$ 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 6.547465 words
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Article85 2010-08-16 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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-08-16 25 Aug 13 Against S$ 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 1.5648154 words
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Article137 2010-08-16 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$) Selling Buying 1gm 127.33 53 5gm 361.66 265 10gm 646.28137 words
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Article70 2010-08-16 25 Aug 13 Aug Aluminium, 99.7% purity (US$/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) Cash70 words
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Article82 2010-08-16 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 1182 words
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Article66 2010-08-16 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 269066 words
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5733 2010-08-16 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
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Article421 2010-08-16 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 2043421 words
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Page 26 Advertisements
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Advertisement16 2010-08-16 26 Shipping lines seeking reliable logistics partners Can they find your services here in thi Shipping Times?16 words
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Advertisement31 2010-08-16 26 Importers looking for Warehouse Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 MC UUJIIMCJJ I IIVILJ SHIPPING TIMES31 words
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Page 27 Advertisements
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Advertisement46 2010-08-16 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 132746 words
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BizIT
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700 2010-08-16 28 RAJU CHELLAM - 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 markets700 words
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Article, Illustration451 2010-08-16 28 VICTORIA HO - 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 that451 words
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Article, Illustration1396 2010-08-16 29 AMIT ROY CHOUDHURY - 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, according1,396 words
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589 2010-08-16 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
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Article, Illustration746 2010-08-16 29 VICTORIA HO - 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 grewBLOOMBERG - 746 words
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BizIT ROUNDTABLE
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Article, Illustration2592 2010-08-16 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 is2,592 words
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Page 28 Advertisements
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Advertisement482 2010-08-16 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 storage482 words
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Page 30 Advertisements
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Advertisement9 2010-08-16 30 This series is brought to you by EMC Corporation9 words
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