The Business Times, 17 August 2010
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2010-08-17
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The Business Times
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Title Section23 2010-08-17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, August 17, 201023 words
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Article, Illustration642 2010-08-17 1 JAMIE LEE - Mercantile exchange to add two new currency products, plans Asian alliance By JAMIE LEE [SINGAPORE] Singapore Mercantile Exchange (SMX) is expected to go live on Aug 31 and will soon add two currency products the Australian dollar-US dollar futures and642 words
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Article141 2010-08-17 1 ST INDEX 2,933.51 (-6.46) ST INDEX FUTURES 2,922 (-7) SIMSCI 346.88 (-0.1) SIMSCI FUTURES 341.90 (-3.60) FOREX US$ S$ US$ (S$ per US$) 1.364 (US$/S$ per 1.558 2.125 EURO (US$/S$/E) 1.280 1.746 Foreign currency per US$ S$ YEN 85.80 62.90 RM 3.182 2.332 HK$ 7.772 5.698 BAHT 31.82141 words
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Article, Illustration840 2010-08-17 1 SAMUEL EE - Financing framework changed; shorter licences will inject contestability By SAMUEL EE [SINGAPORE] The government will amend the Rapid Transit Systems (RTS) Act to implement a new rail financing framework and inject greater contestability in the industry. In her second reading speech on TheFILE PHOTO - 840 words
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Page 1 Advertisements
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Advertisement263 2010-08-17 1 YOUTH OLYMPIC GAMES Politics enters the ring PAGE 10 ECONOMIC GIANT China is now the world’s No 2 economy PAGE 2 PROPERTY Private home sales surge PAGE 2 CORPORATE EARNINGS S-chips put up a robust show PAGE SME Inc From gamer to entrepreneur PAGE 12 Being one’s own boss pays263 words
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TOP STORIES
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Article571 2010-08-17 2 Game-changer for rail industry chugs into view THE government will amend the Rapid Transit Systems Act to implement a new rail financing framework and inject greater contestability in the industry. In the second reading speech on The Rapid Transit Systems Amendment (2010) Bill, Minister in the Prime Minister’s571 words
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886 2010-08-17 2 KALPANA RASHIWALA - Outlook still positive but buyers will be more selective with greater spread of projects By KALPANA RASHIWALA [SINGAPORE] Developers’ sales of private homes surged 82 per cent month on month to 1,544 units in July from the low of 847 units in886 words
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Article, Illustration778 2010-08-17 2 Ascendance marks its growing economic clout [SHANGHAI] After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s sec-ond-largest economy behind the US, according to government figures released yesterday. The milestone, though anticipated for some time, isAFP - 778 words
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Article46 2010-08-17 2 IN our report “Car crash depresses June retail sales” (BT, Aug 14), we gave the wrong figure for the drop in the retail sales index that included vehicle sales. It should be 4.9 per cent, not 4.5 per cent. We are sorry for the error.46 words
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Article, Illustration413 2010-08-17 3 He had been sentenced to two months for forgery Bloomberg [SINGAPORE] DLA Piper LLP’s former Singapore partner Rudy Lim had his jail term for forging a pay slip cut by an appeals judge to one day, from two months. Lim wasBloomberg; FILE PHOTO - 413 words
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528 2010-08-17 3 UMA SHANKARI - Portfolio comprising business-related properties will be worth up to US$1.5b By UMA SHANKARI Reuters [SINGAPORE] Mapletree Investments, a real estate firm wholly owned by Singapore investment company Temasek Holdings, plans to launch a US$300-500 million Japan property fund this year as it looks toReuters - 528 words
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459 2010-08-17 3 He first wants to make sure Afghan strategy is working AFP [WASHINGTON] US Defense Secretary Robert Gates confirmed yesterday plans to leave office next year, saying he first wanted to make sure the start of the American withdrawal from Afghanistan isAFP - 459 words
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Advertisement8 2010-08-17 2 Japan’s growth slowing earlier than expected, Page 188 words
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Advertisement72 2010-08-17 3 singaporeair.com THE FIRST STOP Busi ss ASS LL XUSA BETWEEN ASIA V, m ft: Jr. > **> v «>" J DAILY FLIGHTS SINGAPORE LOS ANGELES* I SINGAPORE NEW YORK EXPERIENCE THE MOST SPACIOUS BUSINESS CLASS SEAT THE WORLD HAS EVER SEEN "Daily flights to Los Angeles from 5 October 2010.72 words
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COMPANY NEWS
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578 2010-08-17 4 JAMIE LEE - Uruguay firm values NZFSU at 33.6% more than Olam’s valuation of the firm By JAMIE LEE COMMODITIES group Olam International’s takeover offer for NZ Farming Systems Uruguay (NZFSU) at NZ$0.55 per share has been upstaged by the Uru-guayan-based Union Agriculture Group, which threw578 words
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Article, Illustration394 2010-08-17 4 MICHELLE QUAH - By MICHELLE QUAH NEPTUNE Orient Lines (NOL) said yesterday that it has finalised an order for two new 10,700-TEU (twenty foot-equivalent unit) container ships, on a day when it also reported higher container shipping volumes. The global shipping and logistics company, which recently394 words
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374 2010-08-17 4 LYNETTE KHOO - By LYNETTE KHOO BARELY two months after terminating the services of its chief executive officer without a replacement, Teledata (Singapore) is now faced with a management vacuum as two other key persons have resigned. The two include executive director Rayson Hazra, one of the374 words
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594 2010-08-17 4 MELISSA TAN - HOCK LOCK SIEW By MELISSA TAN PALM oil giant Wilmar’s acquisition of a 20 per cent stake in its smaller rival Kencana Agri last Friday raises a number of issues not so much about the deal itself than about an apparent lack of594 words
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481 2010-08-17 4 Reuters CDL Hospitality Trusts (CDLHT), one of the largest hotel owners in Singapore, is looking to acquire hotels in Vietnam, India and Japan, but will avoid China due to an oversupply. The company also expects that Singapore’s booming tourism sector,Reuters - 481 words
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Article859 2010-08-17 6 LYNETTE KHOO - 85% of the 99 firms that posted results for Q2 are in the black By LYNETTE KHOO A MAJORITY of S-chips put up a strong showing in the second quarter and first half this year, marking higher profits and margins as they rode the domestic consumption859 words
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336 2010-08-17 6 Reuters [KUALA LUMPUR] Malaysia’s IOI Corp stopped buying palm oil from PT SMART three to four weeks ago, and is still undecided on whether to resume purchases after an environmental audit last week gave a mixed score card to the IndonesianReuters - 336 words
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443 2010-08-17 6 LYNN KAN - Talk of tanker fleet asset injection; Cosco (S) bucks trend, easing 4 cents By LYNN KAN SHARES in China Cosco Group, a leading dry-bulk shipping operator, surged on the Shanghai Stock Exchange and the Stock Exchange of Hong Kong yesterday amid market murmurs about443 words
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Article, Illustration591 2010-08-17 9 CONRAD TAN - Sim S Lim joins the group as country manager of DBS Singapore By CONRAD TAN DBS Group has appointed two senior executives to head its biggest markets one to fill the newly created post of Singapore country manager, and the other to replace591 words
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506 2010-08-17 9 Move comes as Aussie June volume hits record A$1.5b Bloomberg CITIGROUP says it will start so-called dark pool electronic trading in Singapore early next year to meet growing demand in Asia. The bank is expanding its regional footprint after its off-exchange trading inBloomberg - 506 words
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COMPANY NEWS
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83 2010-08-17 9 KHAZANAH garnered 95 per cent of shares in Parkway Holdings, including valid acceptances, at the close of its $3.5 billion general offer yesterday. It had through its unit Integrated Healthcare Holdings (IHH) offered to buy the remaining 76 per cent stake it did83 words
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72 2010-08-17 9 SOUND Global has disclosed that Morgan Stanley and/or its affiliated companies has a charge to 40 million shares held by Sound Water (BVI) Ltd. Sound Water (BVI) is a substantial shareholder of the company and is owned by the company's executive chairman, Wen Yibo and72 words
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74 2010-08-17 9 KTL Global warned that it is expected to report a net loss for the fourth quarter ended June 30 due to the the continued difficult and competitive operating conditions. Its performance was hit by the sluggish demand and intense competition which exerted pressure74 words
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355 2010-08-17 9 Reuters STANDARD Chartered plans to hire 800 bankers in the next 12-18 months for a new service aimed at affluent Asians who do not currently qualify for priority banking services. The London-based bank, which derives most of its earnings from Asia,Reuters - 355 words
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Page 4 Advertisements
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Advertisement210 2010-08-17 4 Your Building Name FOR CORPORATE LEASE Premium Office Towers Mohamed Sultan Road, Singapore 20,000 100,000 sq ft Premium Tower Block 4 Tower Blocks 2 Podium Blocks F&B Terrace Covered Parking Column Free Design Regular layout *****221 *****1 18 WWW.MSOFFICE.COH.SG Business Investment Opportunities in AMERICA One-Day Forum, 4 October 2010, Singapore210 words
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Advertisement116 2010-08-17 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. No Pain, More Sleep Gained. With perfect lumbar, neck and back support, you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses116 words
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Advertisement198 2010-08-17 5 fSfet PATEK PHILIPPE GENEVE Begin your own tradition. a on rt o> »-s T1 P 3 •jr OJ Brt 1 Iraq n 3 O 3 'Tfe Patek Philippe Seal. It embodies the values and standards watch company" Patek Philippe has created a quality benchmark for its mechanical timepieces: the Patek198 words
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Advertisement229 2010-08-17 6 NANYANG TECHNOLOGICAL UNIVERSITY NORWEGIAN SCHOOL OF MANAGEMENT Nanyang Business School NANYANG EXECUTIVE MBA Global Leadership for the Asian Century NBS's flagship MBA programme ranked #1 in Singapore and #27 Worldwide. ***** Financial Times Global MBA Rankings] 9, v Class of 09/10 Executive MBA in Shipping, Offshore Finance The Executive MBA229 words
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Advertisement444 2010-08-17 6 :*AT=i NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed444 words
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Advertisement119 2010-08-17 7 Now there's a faster way to get your smartphone's data StarHub brings you the World's 1st Smartphone Intelligent Signalling Solution. J The smarter mobile network just got faster. StarHub is the world's 1st mobile network to harness Huawei's Smartphone Intelligent Signalling Solution. This revolutionary technology smoothens data interruptions and improves119 words
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SINGAPORE MARKETS
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Article, Illustration576 2010-08-17 8 R SIVANITHY - Its volume boosted turnover excluding foreign currency issues to 1.85b units worth 1.66b STOCKS R SIVANITHY Senior Correspondent UNSURE of how Wall Street might open the week and confronted by conflicting signals from Hong Kong, which rose, and Europe, which weakened, traders here opted forSource: Bloomberg - 576 words
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Article186 2010-08-17 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 4 0 0 0 2 9 4 Manufacturing 32 85 73 3 12 14 35 97 87 Commerce 12 33 26 0 8 5 12 41 31 Tpt/Stor/Comms 8 21 14186 words
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Article117 2010-08-17 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,419 19,419 53,973 53,973 Manufacturing 413,890 51,051 464,941 285,153 4,807 289,959 Commerce 117,812 71,334 189,146 136,192 8,072 144,264 Tpt/Stor/Comms 121,781 1,012 122,793 263,666 122 263,787 Finance 24,000 24,000 167,663 167,663 Construction 34,960 87,398 122,358 5,265117 words
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Article111 2010-08-17 8 Stock name Close Change CapMallsAsia 2.090 +0.020 CapitaLand 3.950 -0.020 CapitaMall 1.920 -0.010 CityDev 11.840 -0.260 ComfortDelGro 1.550 DBS Grp 14.140 -0.060 F&N 5.610 -0.090 Genting SP 1.580 +0.120 Golden Agri 0.575 -0.010 HK Land 5.380 +0.030 JMH 40.220 -0.180 JSH 23.520 -0.280 Jardine C&C 34.000111 words
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Article64 2010-08-17 8 Aug 16 VALUE CLOSE BT OB/OS -334.00-104.00 BT CADI -*****.00-181.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 717.65 -3.99 FTSE ST Small Cap 536.47 -4.93 FTSE ST All Share 723.82 -2.28 FTSE ST China Top 267.60 -2.04 FTSE ST China 297.69 -0.32 FTSE ST Catalist64 words
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Article56 2010-08-17 8 VOLUME Genting SP 274,365,000 Informatics 62,668,000 Noble Grp 56,615,000 Sapphire 56,522,000 *Genting HK US$ 50,318,000 Adventus 49,458,000 SingTel 46,740,000 China Hongxing 30,572,000 TopGlobal 27,310,000 KencanaAgri 27,143,000 VALUE($) Genting SP 423,849,810 SingTel 138,616,634 Wilmar 116,255,640 Noble Grp 90,660,270 DBS Grp 50,670,880 UOB 46,230,180 OCBC Bk 38,906,160 CapitaLand 31,818,38556 words
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BROKERS’ TAKE
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Article393 2010-08-17 8 Aug 16 close: $3.46 CIMB RESEARCH, Aug 16 SECOND quarter 2010 core net profit of $32.2 million (up 25 per cent y-o-y) accounts for 23 per cent of our FY2010 forecast (H1 2010 at 49 per cent) and consensus forecasts. The shortfall emanated from a weaker-than-expected performance393 words
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504 2010-08-17 8 CONRAD TAN - Aug 16 close: $0.335 PHILLIP SECURITIES RESEARCH, Aug 16 Compiled by CONRAD TAN SINO Grandness Food Industry Group reported a stellar set of results for H1 2010. Revenue was 243.8 million yuan (S$48.8 million, up 102.4 per cent y-o-y), gross profit was 70.9 million yuan504 words
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Article, Illustration448 2010-08-17 8 CURRENCIES AFP [TOKYO] The US dollar was under pressure in Asian trade yesterday as investors closely watched for possible steps Japanese authorities may take against the yen’s strength, dealers said. The US dollar was changing hands at 85.81 yen in Tokyo afternoon trade, down fromAFP; BLOOMBERG - 448 words
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Article107 2010-08-17 8 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 3891 102.3 2.0 DBXT S&P Short 10US$ 5373 83.2 1.1 GLD 10US$ ***** 69.5 0.4 Jardine C&C 3400 40.0 1.2 STXPO 100 1420 32.0 2.3 SIA 1598 30.0 1.9 SIA 200 1588 22.0 1.4 GentingSDBSeCW*****0 29.5 21.0 247.1 DBXT iBoxxSing 5SG$ *****107 words
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Article119 2010-08-17 8 BY CENTS CLOSE DOWN DBXT E50 10US$ 3738-223.6 -4.2 DBXT MSKorea 10US$ 4609-154.1 -2.4 DBXT Nifty 10US$ *****-150.0 -0.9 DBXT MSEurope 10US$ 3977-145.9 -2.6 DBXT MSUSA 10US$ 2533-115.9 -3.2 DBXT S&P500 10US$ 1693 -76.4 -3.2 DBXT STGLDv100 10US$ 2493 -65.5 -1.9 DBXT MSJAP 10US$ 3503 -61.4 -1.3 JSH 2352119 words
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Article87 2010-08-17 8 Where S$ stands Aug 16 CHNG YR 2010 CLOSE FR Aug 13 S$ LOW S$ HIGH US$ 1.3638 -0.36 1.4219 1.3472 Euro 1.7450 0.14 2.0153 1.6886 Pounds 2.1245 0.10 2.2831 2.0003 A$ 1.2154 0.69 1.2960 1.1515 Yen* 1.5900 -0.51 1.5987 1.4467 Rupiah* 0.***** -0.33 0.***** 0.***** Baht* 4.2867 -0.5887 words
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A special series brought to you by Bursa Malaysia and ShareInvestor
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Article, Illustration673 2010-08-17 9 Kencana aims to be integrated O&G company Kencana Petroleum is positioning itself for the next uptrend in the oil and gas sector with its latest acquisition a tender assisted drilling rig expected to push it into the big league of fabrication. Group chief673 words
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Page 9 Advertisements
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Advertisement234 2010-08-17 9 For people who love a challenge. AtPSBAcademy,weworkourstudentshard. Whenourgraduatesheadoutintotheworld, they’re armed with much more than just a piece of paper. They have real skills, for real life. From encouraging perseverance and self-discovery to building self-confidence, we ask more of our students so they get more out of it. A MEMBER OF234 words
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SINGAPORE NEWS
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Article, Illustration702 2010-08-17 10 Lee U-wen - COMMENTARY Lee U-wen leeuwen@sph.com.sg Deputy Foreign Editor BOTH boys had put on a stellar showing in their respective taekwondo semi-final matches. Iranian fighter Mohammad Soleimani was like a brick wall, dominating his Uzbekistan opponent with a 5-1 hammering in the 48kg category. Elsewhere atPHOTO: XINHUA - 702 words
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233 2010-08-17 10 EMILYN YAP - By EMILYN YAP THE Building and Construction Authority (BCA) has put together a panel of 12 design and construction professionals to explore ways to raise construction productivity. These professionals hail from Singapore and abroad, and will sit on the International Panel of Experts233 words
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558 2010-08-17 10 CHUANG PECK MING - Lim Boon Heng says Singapore’s gradual approach on jobs issue is working well YESTERDAY IN PARLIAMENT All parliament reports by CHUANG PECK MING RECENTLY, Minister Mentor Lee Kuan Yew said that there should be no set retirement age. So that question558 words
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403 2010-08-17 10 Way paved for a new scheme to defer import GST THE BURDEN of the goods and services tax (GST) will soon be lighter on some businesses. For a few in the marine sector pleasure and recreational ships plying exclusively on international waters and403 words
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BRIEFLY
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93 2010-08-17 10 SINGAPORE has been spared the fallout from the European sovereign debt crisis so far at least, Trade and Industry Minister Lim Hng Kiang told Parliament yesterday. Singapore has continued to chalk up strong gains in exports to the European Union, he said. The island’s93 words
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91 2010-08-17 10 PARLIAMENT has given the nod for Singapore to be part of the United Nations International Convention Against the Taking of Hostages, which means passing a new law to make hostage-taking an offence here. Deputy Prime Minister Wong Kan Seng, who tabled the second91 words
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68 2010-08-17 10 THE Ministry of National Development has introduced the Estate Agents Bill, which seeks to set up a Council for Estate Agencies (CEA) as a statutory board under the ministry to regulate the industry. Among other things, the conditions attached to the licensing of estate agencies68 words
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83 2010-08-17 10 TRANSPORT Minister Raymond Lim said new distance-based fares will cost public transport operators $88 million a year in revenue. Earlier reports have suggested public transport operators SBS Transit and SMRT are expected to miss out on $32 million this year alone. Mr Lim said83 words
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Page 10 Advertisements
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Advertisement88 2010-08-17 10 Winner of 9th Asia Media Awards BRONZE Best in Special Coverage Winner of MPAS Magazine Awards 2010 SILVER Best Chinese Magazine of the Year BRONZE Luxury Magazine of the Year Internationally flavoured with unique Oriental DNA, the bilingual ZbBz reaches out to the elite high networth readers who appreciate life's88 words
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Investor’s Guide To Trading
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1002 2010-08-17 11 A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR EXCHANGE traded funds (ETFs) have surged in popularity around the world over the past few years due to greater awareness about their merits as an investment tool. They are known for low transaction and management fees and1,002 words
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Article, Illustration815 2010-08-17 11 En Primeur Risk vs. Reward: WITH any investment, a sound approach is to evaluate the product, the platform, and the people. In effect, what are you investing in, how are you investing in it, and who are you investing with? In the world815 words
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SME Inc
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Article, Illustration1020 2010-08-17 12 VICTOR KATHEYAS - Gatekeeper Laboratories’ Joseph Ng is all fired up about a new cooling technology for computers, reports VICTOR KATHEYAS VICTOR KATHEYAS JOSEPH Ng, founder and managing director of Gatekeeper Laboratories, always thought he would follow in his father’s footsteps and become an engineer. “Engineering was a passionARTHUR LEE - 1,020 words
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Article, Illustration770 2010-08-17 12 EILEEN TAY - By EILEEN TAY INSPIRED by her boss at the company she used to work for, Annie Yap started up AYP Associates in March last year to fulfil her dream of being an entrepreneur. Previously the CEO of human resource consultancy GMPARTHUR LEE - 770 words
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Article408 2010-08-17 12 TEH HOOI LING - By TEH HOOI LING CONCERNS about the sustainability of the global economy has taken a toll on stock markets globally. Our small cap portfolio didn’t escape the fate either. It shed a rather severe 2.5 per cent in the last five trading sessions. Only four408 words
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Article, Illustration569 2010-08-17 14 CHEN HUIFEN - A business survey shows they are more cautious than their regional peers By CHEN HUIFEN DESPITE the improving economic climate, Singapore SMEs are less optimistic about their own growth prospects this year than their regional peers. According to the latest UPS Asia BusinessSource: UPS Asia Business Monitor - 569 words
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Article, Illustration978 2010-08-17 14 CHAN ZIHUI EMMA, PHAM QUYNH TRANG, TYE MEI PENG - By CHAN ZIHUI EMMA, PHAM QUYNH TRANG, TYE MEI PENG The writers are students of the NUS Business School MILLIONS were left homeless after the massive Sichuan earthquake struck in May 2008. However, there was light at the end of the tunnel for some978 words
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Article, Illustration566 2010-08-17 14 DANIEL CHAN, AMANDA CHNG,SYBIL NG - By DANIEL CHAN, AMANDA CHNG ,SYBIL NG The writers are students of the NUS Business School BILL Gates once said: “My success, part of it certainly, is that I have focused on a few things.” This is a principle that Cables International echoes. FoundedFILE PHOTO - 566 words
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Article, Illustration626 2010-08-17 15 THIS WEEK’S TOPIC Do traditional beliefs surrounding the ongoing Hungry Ghost Festival affect the industry you are in? If so, how? What is your company doing to mark the festival? Angie Tang CEO director Franklin Offshore International Pte Ltd AS part of our company’s tradition, we observe the626 words
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Article, Illustration850 2010-08-17 16 GLENN CHEE - A European label is revolutionising the highly conservative underwear industry, reports GLENN CHEE GLENN CHEE PEOPLE have always wondered why none of Superman’s enemies recognise him when he is dressed as “mild-mannered” reporter Clark Kent after all the only850 words
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Article981 2010-08-17 16 LEE TIONG HENG, YAP HSIEN YEW - Companies need to put in place a comprehensive system to do so COMMENTARY By LEE TIONG HENG, YAP HSIEN YEW Lee Tiong Heng is a director of tax services, and Yap Hsien Yew a tax manager, with Deloitte Singapore and Southeast Asia COMPLIANCE risk covers the981 words
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Article, Illustration390 2010-08-17 16 RACHEL SIM - SMALL CAPS By RACHEL SIM SMARTCARD integrated circuit assembly and test services provider Smartflex Holdings plans to ride on the needs of emerging markets. Executive chairman Tan Tong Guan said the importance of such markets cannot be understated they have big populations andFILE PHOTO - 390 words
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Advertisement6 2010-08-17 12 SME VOICES Respecting tradition PAGE 156 words
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Page 13 Advertisements
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Advertisement140 2010-08-17 13 For the rice fields of China. On the construction sites of Brazil. In the fashion shows of France. As your business expands overseas, leverage on the local business knowledge of our global network of relationship managers, in over 60 countries and territories. With industry recognition for being 'Best Foreign Commercial140 words
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Advertisement69 2010-08-17 14 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Anderco Pte Ltd and Cables International Pte Ltd were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and69 words
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Advertisement291 2010-08-17 15 GLOBAL RESOURCES LOYALNG TOLL OFFSHORE PETROLEUM SERVICES Your Premier Offshore Logistics Provider SUPPLY WATER FRONT FACILITIES -> V lEwk GSGSS® &ms&' 35 3?* J X V V ,..i FREIGHT SERVICES CARGO HANDLING A WORLD-CLASS OIL 8c GAS HUB Toll Offshore Petroleum Services, ("TOPS") owns and operates Loyang Offshore Supply Base,291 words
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Advertisement132 2010-08-17 15 Voices Next week's topic: “Despite experiencing two quarters of sterling economic growth, SMEs here are among the least optimistic among their peers in the region, with only 49 per cent of those polled expecting better business prospects this year. This is according to a recent UPS Asia Business Monitor study.132 words
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MALAYSIA/INDONESIA
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Article, Illustration485 2010-08-17 17 Reuters [JAKARTA] Indonesia will spend more on infrastructure, raise tax revenues and cut subsidies next year, the president said yesterday, moves that would improve prospects for an investment grade credit rating. President Susilo Bambang Yudhoyono’s budget speech in parliament forecast GDPReuters; AFP - 485 words
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425 2010-08-17 17 Bloomberg [KUALA LUMPUR] Malaysia is attracting Islamic investment funds from the US seeking higher returns in Asia as growth in developed economies slows. “Emerging markets is where we see global growth going for the next couple of decades and the source for a lotBloomberg - 425 words
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506 2010-08-17 17 S JAYASANKARAN - He is accused of criminal breach of trust to the tune of RM888,000 By S JAYASANKARAN IN another move signalling Malaysia’s tougher attitude towards corruption, three senior officials including a director-general of the tourism ministry were charged yesterday with criminal breach of trust.506 words
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Page 17 Advertisements
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Advertisement406 2010-08-17 17 Global Entrepolis Singapore 6 8 October 2010 Raffles City Convention Centre Frank Lavin Former U.S. Under Secretary of Commerce for International Trade Dang Thanh Tarn Chairman Dr Fereidun Fesharaki Saigon Invest Chairman Group FACTS Global Energy and Member of the Board Dubai Mercantile Exchange Ravi Thakran Group President South, South406 words
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ECONOMY WATCH
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703 2010-08-17 18 ANTHONY ROWLEY - Q2 expansion slumps to 0.4% from 4-plus% in previous 2 quarters By ANTHONY ROWLEY JAPAN’s economic recovery appears to have stalled earlier than expected, according to data issued yesterday showing that gross domestic product crept up by only 0.4 per cent on an annualised703 words
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486 2010-08-17 18 Bloomberg [NEW YORK] Investors are moving more money than ever before out of stocks and into bonds, widening a valuation gap and convincing JPMorgan Chase and BlackRock that now is the time to buy equities. About US$33 billion flowed out ofBloomberg - 486 words
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Article, Illustration653 2010-08-17 18 US outlook appears bleaker as Germany propels euro area Reuters [WASHINGTON] After worrying about Europe for several months, economists are now turning their focus back to the United States, where high unemployment and a historic housing slump just won’t go away. TheReuters; AFP - 653 words
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661 2010-08-17 18 Many fear they will be made based on political expediency Reuters [LONDON] The British government may find it hard to stick to a coherent strategy as ministries scramble to cut spending by up to 40 per cent on Treasury orders. Prime Minister DavidReuters - 661 words
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Advertisement438 2010-08-17 18 WaterTrust (a business trust constituted under the laws of the Republic of Singapore) (Business Trust Registration No. *****07) NOTICE OF BOOK CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Book and Register of Hyflux Water Trust (“HWT”) will be closed at 5.00pm on 7 September 2010. HWT438 words
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GREATER CHINA/INDIA
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410 2010-08-17 19 Morgan Stanley cites infrastructure, jump in workforce Bloomberg [NEW DELHI] India may become the world’s fastest growing major economy by 2015 outpacing China, as the nation doubles infrastructure investment and adds six-fold more workers than its northern neighbour, Morgan Stanley said. India’s growth may accelerateBloomberg - 410 words
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438 2010-08-17 19 Reuters [BEIJING] China’s major banks could report rising problem loans when they release quarterly earnings, which are expected to show slowing profit growth as Beijing tightened monetary policy to cool a racing economy. April-June quarterly net profits for most Chinese lendersReuters - 438 words
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Article, Illustration387 2010-08-17 19 Deal to give Vedanta access to India’s oil and gas sector AP [MUMBAI] Vedanta Resources plc has agreed to pay US$8.5 billion to US$9.6 billion for a 51 per cent to 60 per cent stake in the India unit ofAP; BLOOMBERG - 387 words
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Article, Illustration646 2010-08-17 19 Data offers central bank room to temper pace of monetary tightening Bloomberg [NEW DELHI] India’s inflation cooled to a six-month low in July, providing central bank governor Duvvuri Subbarao room to temper the pace of monetary tightening after four interest rate hikesBloomberg; REUTERS - 646 words
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Page 19 Advertisements
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ASIA-PACIFIC/WORLD
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Article, Illustration620 2010-08-17 20 Goldman, sued recently for fraud, doesn’t get a top role in the IPO Bloomberg [NEW YORK] Wall Street banks led by JPMorgan Chase Co and Morgan Stanley stand to make a combined US$120 million on General Motors’ (GM) initial public offering (IPO). IfBloomberg; REUTERS - 620 words
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480 2010-08-17 20 Bloomberg [TOKYO] Asian company bond sales may climb to a record this year as borrowers in some of the world’s fastest-growing economies lure US investors with better returns than they can get at home, Nomura Holdings Inc said yesterday. “There’s an appetiteBloomberg - 480 words
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Article, Illustration311 2010-08-17 20 Reuters [LONDON] UK equity trading volumes are this year on track to hit their lowest point, relative to the value of the market, since 2002, research released yesterday showed, with investors cautious about the state of the economy. Data from investment servicesReuters; BLOOMBERG - 311 words
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313 2010-08-17 20 AFP [TOKYO] Kirin Holdings, one of Japan’s top beer companies, said yesterday net profit halved in the first six months and cut its full-year forecast due to charges related to a subsidiary that fudged records. Kirin, which owns Australia’s Lion NathanAFP - 313 words
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386 2010-08-17 20 Reuters [LONDON] Recruiter Michael Page posted a 42 per cent rise in first-half pre-tax profit, boosted by growing demand in Asia and Latin America, defying concerns that a sluggish economic recovery would hit job turnover. Michael Page, which finds jobs for peopleReuters - 386 words
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523 2010-08-17 20 Pressure on prices likely to continue as supply disruptions are expected to be minimal Bloomberg [LONDON] Hedge funds slashed their bets on rising natural gas to the lowest level this year as prices fell, a sign the fuel may repeat lastBloomberg - 523 words
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Page 20 Advertisements
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Advertisement30 2010-08-17 20 (ft fr& .Lianhe Zaobao mm mm iJH rI &t 4 K7j market research firms Polls are all the rage now in China To subscribe, call 6388-3838 or go to sphsubscription.com.sg30 words
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FOCUS: COLOMBIAN BOOM
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Article, Illustration1391 2010-08-17 21 NANCY LOPEZ - A mining and oil boom is propelling investment in the South American country despite security concerns, reports NANCY LOPEZ NANCY LOPEZ AP [BOGOTA] SECURITY gains and capitalistfriendly investment rules are spurring an unprecedented mining and oil boom in Colombia, a pro-business outpost on the increasingly leftistAP; PHOTOS: REUTERS, AFP, AP - 1,391 words
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WORLD
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587 2010-08-17 22 Ruling party prepares to discuss nationalisation of mines next month Bloomberg [JOHANNESBURG] Anglo American plc and Lonmin plc, which employ 100,000 people in South Africa, say the government has deprived them of mine rights, threatening investment and job creation inBloomberg - 587 words
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Article, Illustration106 2010-08-17 22 [Wittenberg, West Germany ]A young girl checking out the plastic statuettes of 16th-century Protestant reformer Martin Luther, which are part of the art installation 'Martin Luther I'm Standing Here' by German artist Ottmar Hoerl, in the main square here. The installation of 800 one-metre high figurines,Reuters; AFP - 106 words
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328 2010-08-17 22 Bloomberg [NEW YORK] Research In Motion Ltd (RIM) is seeking to reassure Wall Street customers about the security of its BlackBerry e-mail service as countries including Saudi Arabia and India press for more access to its network, say two peopleBloomberg - 328 words
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573 2010-08-17 22 ANALYSIS: HP’S TOP JOB Reuters [SAN FRANCISCO] The top job at Hewlett-Packard Co (HP) offers a singular opportunity at the helm of a powerful Silicon Valley icon but comes with daunting challenges and high expectations. Unlike in 2005, when MarkReuters - 573 words
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440 2010-08-17 22 He settles harassment claim without board’s knowledge Bloomberg [SAN FRANCISCO] Hewlett-Packard Co’s Mark Hurd surprised the board by settling a sexual-harassment claim before directors could learn more about the incident, a final breach of trust that contributed to his ouster asBloomberg - 440 words
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654 2010-08-17 22 Changes unlikely to rise until economic outlook clears Bloomberg [MONTERREY] Don’t be fooled by CEO exits at Hewlett-Packard, General Motors and Sara Lee this month. Chief executive officer turnover has fallen to a five-year low and may not rise until the economicBloomberg - 654 words
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AVIATION
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Article, Illustration402 2010-08-17 23 CEO says move will help focus on more profitable routes Bloomberg [MELBOURNE] Virgin Blue Holdings, Australia’s sec-ond-largest airline, will scrap New Zealand domestic services as chief executive officer John Borghetti overhauls operations to focus on more profitable routes. The fleet, carrying theBloomberg; BLOOMBERG - 402 words
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198 2010-08-17 23 Bloomberg [KUWAIT] Kuwait Airways Corp, the stateowned carrier being prepared for sale, got a loan from a local financial institution to help pay salaries, an airline spokesman said on Sunday. The company “received approval from the cabinet and has already takenBloomberg - 198 words
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435 2010-08-17 23 VEN SREENIVASAN - Premium travel leads the way with 11.9% jump while economy is up 6.3% By VEN SREENIVASAN [SINGAPORE] The global airline industry enjoyed a strong rebound in travel demand during the first half of this year, with premium travel rising 11.9 per cent,435 words
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389 2010-08-17 23 Bloomberg [TOKYO] All Nippon Airways Co intends to boost profit at its 20.5 mil-lion-member frequent flyer programme after adding twice the number of new cardholders as rival Japan Airlines Corp, which is under bankruptcy protection. “We aim to increase profit every year,”Bloomberg - 389 words
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318 2010-08-17 23 A 44% rise in fuel costs caused gains to be wiped out AFP [KUALA LUMPUR] National carrier Malaysia Airlines (MAS) yesterday said it sank into the red in the second quarter, due to losses on fuel hedging and higher fuel prices. The airlineAFP - 318 words
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Article2990 2010-08-17 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ458 1430 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 --SQ530 1900 Amsterdam SQ323 0605 AZ3993 00252,990 words
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3369 2010-08-17 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.3,369 words
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Page 23 Miscellaneous
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Miscellaneous311 2010-08-17 23 CRYPTIC CROSSWORD Across 8 A graduate dropped off, embarrassed (7) 10 But I, royally, hang around outside (7) 11 I am on top of case and raring to go! (9) 12 Run into kids playing with knives (5) 13 Apart from the walls, that bike hut is sheer poetry (5)311 words
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Page 24 Advertisements
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Article, Illustration912 2010-08-17 25 ‘Classification societies’ are hired and paid by the vessels’ owners LAT-WP [WASHINGTON] To ensure that oil rigs, tankers and other commercial ships are in safe operating condition, governments around the world, including the United States government, often rely on inspections by private firms thatLAT-WP; BLOOMBERG FILE PHOTO - 912 words
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204 2010-08-17 25 Reuters [ISMAILIA] The Suez Canal last week earned its highest daily revenue since the 2008 financial crisis triggered a world trade slump, the canal authority said on Sunday, citing a recovering economy and canal improvements. The canal is an important source ofReuters - 204 words
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330 2010-08-17 25 Warning about Iranian tactics to evade sanctions Reuters [LONDON] All governments should step up their vigilance against dealings with Iran’s shipping sector, a senior United States official said on Monday, describing it as a “critical lifeline for Iran’s proliferation and evasion”. Writing in theReuters - 330 words
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Article275 2010-08-17 25 SGX '000 Aug 16 S$ +/-Vol CH Offshore 0.54 unch 686 Chuan Hup Hldg 0.26 0.01 576 Cosco Corp 1.57 -0.04 ***** CWT Ltd 0.89 -0.02 1162 Ezra Hldgs 1.81 -0.06 5496 First Ship Lea 0.40 -0.01 298 Freight Links 0.06 unch 2662 Grand Banks unch unch 0275 words
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Page 25 Advertisements
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Advertisement29 2010-08-17 25 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement14 2010-08-17 25 Experienced maintenance services wanted. Can they find your services here in the Shipping Times?14 words
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EDITORIAL & OPINION
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523 2010-08-17 26 EDITORIAL IT would be easy to dismiss the Kelantan PAS state government’s attempt to revive the use of gold and silver coins for trade as a quixotic way to hearken to the glory days of the Islamic civilisation. In fact, current politics is at523 words
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Article, Illustration796 2010-08-17 26 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own Bloomberg NOW that’s one big mattress. Last week, we learned China’s households hide as much as 9.3 trillion yuan (S$1.9 trillion) of income not reportedBloomberg - 796 words
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Article, Illustration1187 2010-08-17 26 G PANICKER - Living with oil demand and offshore drilling Potential future costs will make the costly production process even costlier and oil pricier G PANICKER The writer is with BT’s foreign desk THE worst oil spill in US history would have set oil prices afire if it had happened two years ago.AP - 1,187 words
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Article, Illustration1368 2010-08-17 27 SANCHITA BASU DAS - Despite hiccups and hurdles faced by member countries, Asean’s economic integration efforts won’t be derailed easily By SANCHITA BASU DAS The writer is lead researcher for economic affairs at the Asean Studies Centre, Institute of Southeast Asian Studies. She thanks all the presentersFILE PHOTO - 1,368 words
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996 2010-08-17 27 KEITH B RICHBURG - The hukou system is essentially a household registration permit, akin to an internal passport, which critics say perpetuates China’s growing urban-rural divide By KEITH B RICHBURG Researcher Zhang Jie contributed to this report LAT-WP WANG Aijun is the editor ofLAT-WP - 996 words
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Article165 2010-08-17 27 Yeo Chun Cheng - LETTERS TO THE EDITOR Yeo Chun Cheng Director, Broadcast and music, Media Development Authority WE thank your reporter for highlighting MDA’s efforts to catalyse the creation of Web TV content (“Matchmaking the future of TV”, BT, Aug 12). We would like to take this opportunity165 words
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Article96 2010-08-17 27 Michael Sim - Michael Sim Senior manager, corporate communications investor relations, StarHub WE refer to the article, “Match-making the future of TV” (BT, Aug 12). We would like to clarify that the Media Development Authority (MDA) is not involved in the partnership between Mindshare and StarHub. While96 words
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Page 27 Advertisements
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Advertisement103 2010-08-17 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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SINGAPORE STOCKS
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Article8994 2010-08-17 28 Transaction date: Aug 16 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 18 -0.5 1384 19 18 18 18.5 1.7 10.1 5.8 86.2 12 6 58348,994 words
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Article1944 2010-08-17 29 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 5 6 30.6 5.3 225 130 6222 t APStrategic 182 175 190 108 4 0.51,944 words
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Article9470 2010-08-17 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.86/ APS Alpha Fund Cl B SGD!** 1.15/ APS Alpha Fund Cl B USD!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,470 words
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Article829 2010-08-17 29 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 $mil 124 107 6389 ABF SG Bond ETF 118 118 120 538.6 913 710 CIMBAsean40 100US$ US892 +2 1 892 890 892 896 35.7 306829 words
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Article78 2010-08-17 29 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 $mil 56 36.5 6000 AVJennings A45.5cd 43.5 48.5 3.6 7.7 3.6 118.5 31 16 6017 Genting HK US$ US28.5 +1 ***** 29.5 27 28 28.578 words
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FINANCE & COMMODITIES
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374 2010-08-17 30 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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Article181 2010-08-17 30 Aug 16 Bid $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.13 US$ 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 0.80181 words
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Article22 2010-08-17 30 Aug 16 S$ Bid Offer 1-month 1.3635 1.3645 2-months 1.3634 1.3644 3-months 1.3632 1.3643 6-months 1.3628 1.3639 Source: OCBC22 words
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Article135 2010-08-17 30 Aug 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 329.0 328.0 328.8 209 Oct 10 322.5 Nov 10 322.0 Dec 10 320.5 Jan 11 320.5 Feb 11 320.5 156 Mar 11 320.5 Apr 11 320.5 May135 words
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Article90 2010-08-17 30 Aug 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18.11.2010 0.28 0.27 0.22 1-Year BY*****W 03.05.2011 0.33 0.27 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.23 104.25 104.24 5-Year N*****0N 1.37590 words
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Article105 2010-08-17 30 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 2010-08-17 30 CRUDE OIL PRODUCTS Aug 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.33 -1.48 WTI (Near Mth) 75.57 -0.13 Dubai (1-Mth F) 74.09 -0.84 Tapis blend 80.65 -0.75 Minas 76.55 -0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.16 -0.03 Jet Kerosene 86.15 -0.45 US$/barrel Opec Oil77 words
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Article132 2010-08-17 30 Aug 16 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2030 1.2390 Can dollar 1.3030 1.3180 Euro 1.7320 1.7520 NZ dollar 0.9520 0.9730 Sterling pound 2.1130 2.1380 US dollar 1.3600 1.3750 Local dollars to 100 units of foreign132 words
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Article33 2010-08-17 30 Aug 16 Open High Sett STI Aug 2922 SIMSCI Aug 344.7 346.7 344.2 Taiwan Aug 278.6 279.8 279.3 Source: MF Global (S) Pte. Ltd Source: MF Global (S) Pte. Ltd33 words
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Article66 2010-08-17 30 Aug 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2795 2779 2798 2771 551 7504 Oct 10 2754 2707 2756 2706 5934 ***** Nov 10 2728 2678 2730 2678 ***** ***** Dec 10 2714 267066 words
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Article430 2010-08-17 30 Aug 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6150 0 529 Dec10 99.5400 0 2775 Mar11 99.4750 0 2301 Jun11 99.3800 0 1954 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6525 99.6500 99.6525 2 3597 Dec10 99.6800 99.6850 99.6800 99.6900 114 1773 Mar11 99.7050 0 2043430 words
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Article82 2010-08-17 30 Aug 13 COCOA (£/tonne) Close Prev High/Low Sep 10 2109 2127 2128/2109 Dec 10 2035 2050 2056/2034 Mar 11 2050 2061 2066/2048 May 11 2065 2075 2074/2064 COFFEE (US$/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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2351 2010-08-17 30 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 1 150 4 4.67 45 6227 ASJ Hldgs W*****1 3.5 -0.5 500 1 4 15 1.86 18 2036 Advance SCT Ltd W*****9 0.5 12,351 words
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Article465 2010-08-17 30 Aug 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.926 6.068 0.697 6.932 41.788 80.142 0.766 10.590 2.838 1.269 76.396 40.486 1.217 6.498 0.929 28.484 28.386 0.572 0.892 Canada 1.080 6.550465 words
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Article85 2010-08-17 30 Aug 16 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article155 2010-08-17 30 Aug 16 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2160 1.2173 0.8918 0.8921 Canadian dollar 1.3126 1.3142 0.9626 0.9631 Euro 1.7454 1.7471 1.2801 1.2804 NZ dollar 0.9583 0.9598 0.7028 0.7034 Sterling pound 2.1243 2.1262 1.5580155 words
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Article140 2010-08-17 30 Aug 16 GOLD (US$/oz) Aug 13 Aug 16 Hong Kong 1216.50 1221.80 Aug 12 Aug 13 London 1213.70 1213.05 1214.45 1213.80 Source: Thomson Reuters CAST BAR Aug 16 (S$) Selling Buying Kilobar "57,339.16" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 53 5gm 364.87 267 10gm 651.63140 words
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Article69 2010-08-17 30 Aug 13 Aluminium, 99.7% purity (US$/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 *****.0069 words
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PROPERTY
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Article, Illustration498 2010-08-17 31 Property fund manager shuns Beijing, Shanghai as they’re fully priced Reuters [SINGAPORE] Property fund manager MGPA plans to build malls in smaller Chinese cities as it sees opportunities arising from China’s rapid growth and international retailers planned expansion into the country’s interior.Reuters; BLOOMBERG - 498 words
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174 2010-08-17 31 Reuters [TOKYO] Daiwa Securities Group said yesterday it will take an additional 15 per cent stake in DA Office Investment Corp, making it the biggest shareholder in the real estate investment trust (Reit). Through its subsidiary, Daiwa PI Partners, Japan’s second biggest brokerageReuters - 174 words
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356 2010-08-17 32 Reuters [HONG KONG] Real estate services company DTZ Holdings aims to be profitable at the operating level in the current financial year, although uncertainties in Europe are a major concern, a top executive said yesterday. The London-listed company planned to focus onReuters - 356 words
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Article, Illustration562 2010-08-17 32 UMA SHANKARI - Data refutes earlier report that S’pore is costliest Asian country to build in By UMA SHANKARI SINGAPORE is still a much cheaper place to build than Hong Kong and London, the director of Davis Langdon Seah Singapore (DLS) saidFILE PHOTO - 562 words
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Article329 2010-08-17 32 EMILYN YAP - By EMILYN YAP SOLARIS, an extension of the Fusionopolis research cluster at Buona Vista, has been 60 per cent leased ahead of its completion by the end of the year. The developer Soilbuild Group is in “advanced negotiations” with other potential tenants. Soilbuild’s executive director Low329 words
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Article, Illustration871 2010-08-17 32 Bloomberg [HONG KONG] Developers fell in Hong Kong trading after the government tightened mortgage lending rules and said it will increase the supply of land to help cool surging home prices. Sun Hung Kai Properties Ltd, the world’s biggest builder byBloomberg; REUTERS - 871 words
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Page 31 Advertisements
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Advertisement189 2010-08-17 31 central PRIME OFFICE SPACES FOR LEASE m Sizes available from 2,594 sq ft to single floor of 13,337 sq ft 1 Above Clarke Quay MRT Station > Panoramic views of the Singapore River and Marina Bay IR 1 Gymnasium and pool facilities available For leasing enquiries, please call: *****433 www.fareast.com.sg189 words
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Advertisement279 2010-08-17 31 A'FLUENCE PROFESSIONALS ,111 PTE LTD SHORT TERM LEASE D15 SITE FOR SALE Good Clalslunoalows Olive'Road 7 Units Value Buy! Ranging *****-*****sqft* ***** *****sqf From $7.8m Asking $9xx psf. Almost Sold! <<w Dialvey Vicinity r Swiss Club Best Value Beautiful land/prime locale Conserved Nature Greenery Conserved Nature Greenery Refurbished Retro Charm279 words
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Advertisement77 2010-08-17 31 BEST DEAL PRIME LOCATION /WR\ Jones Lang a LaSalle Trillium 3bdrm/4bdrm Ardmore Park 4bdrm The Cosmopolitan 3bdrm Skypark 4bdrm (Sky bungalow with sky terrace) No.69 One Tree Hill 3bdrm One Oxley Rise Bbdrm For viewing, please call 9618 7188 INDUSTRIAL BUILDINGS FOR PURCHASE AND LEASEBACK Owners please call 9231 331777 words
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Advertisement312 2010-08-17 31 6V6LVN NG 9847-6899 Newsman Realty Pte Ltd Cove Elegant 6800/8000sqft 2 1/2 storey modern home Gracious mastersuite Lovely golf course views Asking $2800psf Treasure Island (3 villas) Ranging Variants Resort-like, faces waterway Each with private b Asking $2800psf Paradise Island 8000sqft greenery lushness *****sqft luxurious living Modern tropical landscape, Individual312 words
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Page 32 Advertisements
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Advertisement114 2010-08-17 32 Prime Freehold Sites At Lornie Road Geylang Road (1) Site for Landed Housing at Lornie Road Site area 2,719.4 sm (29,271 sf) Exclusive District 11 residential enclave OPP granted for semi-detached housing Near Raffles Institution, SJI International School and Marymount Convent To be sold ‘as is where is’ (2) Prime114 words
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