The Business Times, 18 August 2010

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Microfilm: NL30858
Total Pages: 31
1 32 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, August 18,2010
    22 words
  • Article, Illustration
    Lock icon Chinese state firm sinks roots in S’pore, plans to take on the world
    982 1  -  MCC Land uses Bukit Batok base to tap the region By EMILYN YAP [SINGAPORE] A Chinese state-owned enterprise is quietly growing its global footprint out of a nondescript industrial building in the leafy suburbs of Bukit Batok.
    JOHN HENG  -  982 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 2,923.36 (-10.15) ST INDEX FUTURES 2,912 (-10) SIMSCI 345.25 (-1.63) SIMSCI FUTURES 343.70 (-0.50) FOREX US$ S$ US$ (S$ per US$) 1.356 (US$/S$ per 1.564 2.121 EURO (US$/S$/E) 1.287 1.745 Foreign currency per US$ S$ YEN 85.30 62.90 RM 3.162 2.332 HK$ 7.770 5.731 BAHT 31.73
    140 words
  • Article
    Lock icon Golden Agri seeks solace in Liberia
    717 1  -  Under-pressure group to cultivate 200,000 ha of palm plantation, create 40,000 jobs in war-hit state By ANGELA TAN [SINGAPORE] With environmental group Greenpeace hot on its heels in homeland Indonesia, Golden Agri Resources is looking more seriously at a reported US$1.6 billion diversification of
    717 words
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      128 1 S’PORE ECONOMY Exports down in July PAGE EXECUTIVE MONEY Commodities still buoyant PAGE 32 TRANSPORT HUB ITF still flies two flags after all these years PAGE 23 MICROCHIP BATTLE Start-up aims to slay Intel PAGE 19 8 *****1 *****4 4 v' h A J/ S, Sill 4 fth m unleashed
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      529 2 Golden Agri seeks solace in Liberia WITH environmental group Greenpeace hot on its heels in homeland Indonesia, Golden Agri Resources is looking more seriously at a reported US$1.6 billion diversification of its palm oil operations to Liberia. FRONT PAGE Chinese developer MCC Land sinks roots in S’pore STATE-OWNED
      529 words
    • Article, Illustration
      Lock icon S’pore exports ease more than expected in July
      577 2  -  Weaker showing with exports down 3.9% from June sets stage for slower second half: analysts By CHUANG PECK MING [SINGAPORE] It is perhaps the first sign of a sec-ond-half economic slowdown everyone is talking about. Trade figures unveiled yesterday show a poor-er-than-expected
      Source: IE Singapore  -  577 words
    • Article
      Lock icon Transport counters dip after rail system changes announced
      441 2  -  Changes to the Act include a new rail financing framework By NISHA RAMCHANDANI [SINGAPORE] Shares in transport groups ComfortDelGro Corp and SMRT Corp fell slightly in trading yesterday, after the government said on Monday that it will make changes to the Rapid
      441 words
    • Article, Illustration
      Lock icon Japan plans crisis meetings on slowing economy
      651 2  -  Options for fiscal, monetary stimulus on the agenda By ANTHONY ROWLEY in Tokyo JAPANESE government officials will later this week begin a series of crisis meetings on the nation’s economy following Monday’s surprise news that Japan’s GDP growth slowed to a virtual halt
      AP  -  651 words
    • Article
      Lock icon Kim Eng eyes major stake in Berjaya’s broking unit
      416 4  -  Berjaya set to sell 70% of Inter-Pacific Securities: report By S JAYASANKARAN BERJAYA Corporation told the stock exchange late Monday that it was “in discussions” with Singa-pore-based stockbroker Kim Eng Holdings for the latter to possibly become a strategic investor in
      416 words
    • Article
      Lock icon Singapore firm at core of suit has dealt with Apple since 2001
      544 4  -  Two other local outfits also dragged into legal row By VICTORIA HO [SINGAPORE] One of the Singapore companies embroiled in Apple’s latest legal battle has had a relationship with the US tech giant stretching back to 2001. JLJ
      544 words
    • Article, Illustration
      Lock icon World Bank offers US$900m for flood-ravaged Pakistan
      510 4 Reuters AFP [ISLAMABAD] The World Bank will release US$900 million to help fund relief efforts for Pakistan’s flood disaster as international agencies warned millions of people were at risk from disease. The World Bank funds will come through the reprogramming of planned projects
      Reuters; AFP; REUTERS  -  510 words
    • Article
      Lock icon Fed adopts rules to protect home buyers
      472 4 Muted response to ban on yield spread premiums NYT [NEW YORK] The Federal Reserve on Monday moved to end a controversial lending practice that had helped propel the housing boom to unsustainable heights and then accelerated its collapse. The Fed announced that it
      NYT  -  472 words
    • Article
      Lock icon Khazanah unit evaluating Parkway listing status
      499 4  -  Parkway Holdings has suspended trading of its shares By NISHA RAMCHANDANI [SINGAPORE] With Parkway Holdings’ public float falling below 10 per cent after Khazanah Nasional raised its stake in the local healthcare company to 95 per cent, the Malaysian sovereign wealth fund is evaluating
      499 words
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      147 2 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Jr NANYANG EXECUTIVE N until mnq S:hapiffq\the Rutune of Business w PROGRAMMES Berkeley-Nanyang Advanced Management Programme* 20 Sep 1 Oct 2010 (NTU, Singapore) 7-18 Mar 2011 (UC Berkeley, USA) Leadership and Innovation in Science and Technology (LIST) Advanced Management Programme* 23 Oct 6 Nov
      147 words
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      388 3 Finn < </ a FREEHOLD 11// j :<■' mi Y y 0 m I fP I 13 NfSrfii r :^x I «Ki -ii!ks fi i 281 /I 1 VfJ i ;V if 5 H rBBBih IIVHf£3&£g£gMt A ft A Vision of White in the Orchard. M >8 mam—r m p
      388 words
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      41 4 "We Deliver Convenience to Homes Offices" Hot Room Table Top Dispenser Hot Cold Dispenser -i J Bottom Load Water Dispenser 4. For more info, please call us at: 6253 5888 or SMS 9018 6099 E-mail: enquiries@pereocean.com Web: www.pereocean.com Terms Conditions Apply
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      58 4 RoyalCaribbean SPECIAL PROMO! Book by 20th Aug '10 Legend of The Seas (Nov '10 Feb'11 Sailing) Note: Terms Conditions Applies I Taxes Fees fr $51 $91 I 2N Weekend Cruise from $326 3N Best of Malaysia from $465 4N Isles of Southeast Asia from $520 5N 6N Spice of Southeast
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaLand bond issue heavily oversubscribed
      641 5  -  The $350m worth of 10-year bonds sold at a cheaper 4.3% interest payout By CONRAD TAN CAPITALAND yesterday sold $350 million worth of 10-year, Singapore-dollar bonds more cheaply than expected, in a debt issue that was heavily oversubscribed by investors hungry for returns. The property
      641 words
    • Article
      Lock icon 6-month and Q2 results ended June 2010
      4187 6 6 MONTHS ENDED JUNE 2010 NET PROFIT (S$M) TURNOVER (S$M) CURR PREV CHNG CURR PREV CHNG 3 MONTHS ENDED JUNE 2010 NET PROFIT (S$M) TURNOVER (S$M) CURR PREV CHNG CURR PREV CHNG 1 HK Land 1,945.87 -562.96 nm 1,070.37 729.58 46.7 2 Jardine
      4,187 words
    • Article
      Lock icon Olam to invest US$43.5m in Ivory Coast facilities
      434 7  -  Investment includes greenfield cocoa processing plant By JAMIE LEE OLAM International said yesterday it would invest US$43.5 million in Africa’s Ivory Coast to set up a greenfield cocoa processing facility in Abidjan and a primary processing and warehousing facility in San Pedro
      434 words
    • Article
      Lock icon Viking appoints chairmen for three of its units
      566 7  -  It hopes that the firms may be listed in three to five years By MELISSA TAN HOPING to lay the groundwork for the future flotation of three of its unlisted subsidiaries, Catalist-listed Viking Offshore and Marine yesterday appointed chairmen for three unlisted
      566 words
    • Article
      Lock icon F&N – the beauty of being big
      596 7  - F&N the beauty of being big HOCK LOCK SIEW By EMILYN YAP CONGLOMERATES are big, but the investing community does not always find them beautiful. The theory is that they are inefficient, hard to understand, and therefore worth less than the sum value of their separate business parts. It is
      596 words
    • Article, Illustration
      Lock icon Link Crest offers to take Pine Agritech private
      567 9  -  Shareholders offered choice of cash for shares, new State Crest shares, or both By LYNETTE KHOO PINE Agritech’s major shareholder Link Crest, which has gained control of 40.97 per cent of the soybean products maker, has launched a mandatory conditional offer to
      567 words
    • COMPANY BRIEFS
      • Article
        Lock icon Novo Group issues Q1 profit warning
        59 9 NOVO Group warned that due to the slowdown of the economic recovery, the group expects to report a lower profit for the first quarter ended July 31, 2010. As it is still in the process of finalising the Q1 results, further details will be
        59 words
      • Article
        Lock icon Pemberton fund increases Juken stake
        98 9 JUKEN Technology said that the Pemberton Asian Opportunities Fund has become a substantial shareholder of the manufacturer of highprecision automotive and plastic moulding components. The fund, domiciled in Cayman Islands and managed out of Singapore, bought an additional three million shares, bringing its total to
        98 words
      • Article
        Lock icon YHI appoints new lead independent director
        118 9 YHI International Ltd has announced the appointment of Henry Tan Song Kok as the lead independent director of the company with effect from Aug 17, 2010. Mr Tan is an independent director of the company and also the chairman of the audit committee of
        118 words
      • Article
        Lock icon Swissco share scheme gets green light
        40 9 SWISSCO International has announced that the High Court has sanctioned a share scheme for the proposed acquisition of Swissco by C2O Holdings. The expected last day of trading of Swissco shares is Aug 25.
        40 words
    • Article
      Lock icon FM Holdings in talks on exit option
      409 9  -  Talks held with two shareholders, but no firm offer made By JAMIE LEE FM Holdings which has been forced to delist by the Singapore Exchange (SGX) is in preliminary talks with its two controlling shareholders on an exit option, but no firm offer
      409 words
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      288 5 http://electronicasia.com Messe Munchen International D rOiOloiolOM) J electronicAsia 2010 13-16 October 2010 Hong Kong Convention and Exhibition Centre Approved Event Real Business through Global Marketplace 5/0 exhibitors from 12 countries and regions Over 30,000 top quality trade visitors from 143 countries and regions Themed zones: "World of Solar" and "World
      288 words
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      134 7 The Aalto University Executive MBA is the result of an innovative merger of three renowned Finnish institutions: Helsinki School of Economics, Helsinki University of Technology and the University of Art Design, Helsinki. Tailored for senior executives, the program is taught by an international faculty and focuses on the latest knowledge
      134 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No surprises as Genting dominates
      562 8  -  Speculative penny stocks and volatile Genting in the limelight amid soft session STOCKS R SIVANITHY Senior Correspondent BEFORE trading opened yesterday, most players would probably have predicted few fireworks, little participation, a lop-sid-ed focus on Genting shares and various penny speculatives, and above all, broad-based
      Source: Bloomberg  -  562 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Aug 17 VALUE CLOSE BT OB/OS -568.00-234.00 BT CADI -*****.00 -58.00 BT 10-day MA -*****.00 -57.00 FTSE ST Mid Cap 718.63 +0.98 FTSE ST Small Cap 535.14 -1.33 FTSE ST All Share 721.91 -1.91 FTSE ST China Top 266.14 -1.46 FTSE ST China 296.67 -1.02 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Genting SP 334,800,000 Informatics 70,062,000 *Genting HK US$ 45,218,000 Noble Grp 34,375,000 Armstrong 28,916,000 Adventus 24,993,000 Golden Agri 23,312,000 Healthway 22,946,000 TopGlobal 19,882,000 SingTel 17,097,000 VALUE($) Genting SP 537,315,010 DBS Grp 81,545,989 Wilmar 67,631,670 Noble Grp 55,864,800 SingTel 50,422,498 UOB 34,714,028 CapitaLand 32,979,555 Keppel Corp 28,196,670
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 51 60 75 5 8 15 56 68 90 Commerce 18 24 26 1 4 5 19 28 31 Tpt/Stor/Comms 8 23 12
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Property Sector
        968 8  -  DBS Group Research, Aug 17 Compiled by CONRAD TAN JULY residential sales rebounded 82 per cent month-on-month (m-o-m) to 1,544 units, taking sales in the first seven months to 9,957 units. Activity was focused largely on the $1,000-$1,600 per square foot (psf) segment from three projects 368
        968 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,148 12,148 43,178 43,178 Manufacturing 244,362 53,381 297,743 199,263 5,368 204,632 Commerce 98,454 52,041 150,495 93,842 6,487 100,330 Tpt/Stor/Comms 82,544 47 82,591 141,059 8 141,068 Finance 17,851 1 17,852 159,903 159,903 Construction 16,667 26,250 42,917
      118 words
    • Article, Illustration
      Lock icon Euro up after Irish, Spanish bond sales
      497 8 CURRENCIES Reuters [NEW YORK] The euro rallied for the second straight day against the US dollar and rose from seven-week lows against the yen yesterday, bolstered by Irish and Spanish bond auctions that alleviated concerns about heavily indebted euro zone countries. Ireland’s sale
      Reuters; BLOOMBERG  -  497 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.090 CapitaLand 3.940 -0.010 CapitaMall 1.920 CityDev 11.840 ComfortDelGro 1.540 -0.010 DBS Grp 14.100 -0.040 F&N 5.590 -0.020 Genting SP 1.520 -0.060 Golden Agri 0.570 -0.005 HK Land 5.400 +0.020 JMH 40.600 +0.380 JSH 23.400 -0.120 Jardine
      109 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 86.7 0.5 DBXT SPASX200 10US$ 2856 70.5 1.9 GLD 10US$ ***** 67.8 0.4 JMH 4060 51.5 0.9 DBXT MSJAP 10US$ 3536 44.7 0.9 DBXT MSMSIA 10US$ 1098 38.0 2.6 STXPO 100 1446 26.0 1.8 Pru 500US$ 875 24.4 2.1 DBXT FTVietnam
      110 words
    • Article
      Lock icon FALLS
      113 8 BY CENTS CLOSE DOWN Jardine C&C 3354 -46.0 -1.4 DBXT S&P Short 10US$ 5348 -33.9 -0.5 SIA 1566 -32.0 -2.0 JSH 2340 -16.3 -0.5 Lyxor Apex50 10US$ 379 -10.8 -2.1 Great Eastern 1628 -10.0 -0.6 SIA 200 1580 -8.0 -0.5 SembMar 387 -8.0 -2.0 B Sembawang 461 -7.0 -1.5
      113 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Aug 17 CHNG YR 2010 CLOSE FR Aug 16 S$ LOW S$ HIGH US$ 1.3558 0.59 1.4219 1.3472 Euro 1.7458 -0.05 2.0153 1.6886 Pounds 2.1215 0.14 2.2831 2.0003 A$ 1.2235 -0.67 1.2960 1.1515 Yen* 1.5889 0.07 1.5987 1.4467 Rupiah* 0.***** 0.59 0.***** 0.***** Baht* 4.2723 0.34
      87 words
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      481 9 novita the Lifestyle Makers 'Y v Ideal Relative Humidity 50% -F 5fo p mildexN y- on your c\° ■>- Ideal Relative Humidity 40% CZJ CO Q) O) Ideal Relative Humidity 40% ifr Stop musty odo^ ftop growth 0 Hold in and oflN 0^ ?F elements rslT) J V Keep dry
      481 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Singapore refining margins rising after tepid first half
      365 10  -  Turnaround due to supply disruptions rather than stronger demand: traders By RONNIE LIM SINGAPORE refining margins have started climbing again, the latest figures from BP show. But this appears to be due more to refiners here benefiting from product shortages caused by
      365 words
    • Article
      Lock icon Singaporeans going the distance for work
      255 10  -  By RACHEL SIM ACCORDING to a study by global workplace solutions provider Regus, long-distance commuting is still the norm with 20 per cent of Singaporean commuters. They travel more than 90 minutes every day despite progress in flexible working practices. “To tackle the damaging
      255 words
    • Article, Illustration
      Lock icon Still waiting for a Singapore superstar
      812 10  -  COMMENTARY LEE U-WEN Deputy Foreign Editor FR O M p a s t records, Olympic host nations typically fair quite well on home soil when it comes to racking up the medals. Think China two years ago, which finished head and shoulders above the
      SPH-SYOGOC/ALPHONSUS CHERN  -  812 words
    • Article
      Lock icon Richer pickings in India for S’pore firms
      542 10  -  Second CECA review in Nov will highlight better biz conditions By MALMINDERJIT SINGH SINGAPORE businesses and investors interested in India can look forward to a more favourable business and investment environment, according to TCA Raghavan, the Indian High Commissioner to Singapore. He says
      542 words
    • Article, Illustration
      Lock icon Katong apts put up for collective sale
      623 10  -  Amber Glades and Robin Court hope to be third time lucky By UMA SHANKARI AMBER Glades, off Amber Road, and Robin Court, with an adjoining bungalow at Robin Drive, are being put up for collective sale for the third time. The 63-unit freehold
      623 words
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      36 10 i/v/V JACKPOT 'it -J. L —> CO c\ x TOMORROW |p A Yri) Always play with care [responsibly! Do not bet illegally. RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
      36 words
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  • ECONOMY WATCH
    • Article
      Lock icon WTO raps EU tariffs on electronic products
      642 11 Brussels told to bring trade measures into line with international rules Reuters [GENEVA] A World Trade Organization panel gave broad backing on Monday to the United States, Japan and Taiwan in their complaint over controversial European duties on electronic products, and told Brussels
      Reuters  -  642 words
    • Article, Illustration
      Lock icon CPI rate in Britain slows; but inflation still above target
      423 11 Reuters [LONDON] British consumer price inflation slowed in July but as analysts had expected remained above 3 per cent, forcing a third open letter from the Bank of England this year to explain why inflation is still above target. The
      Reuters; REUTERS  -  423 words
    • Article
      Lock icon Danes face challenge of sustaining their benevolence
      771 11 Strains emerge as govt struggles to tighten the budget NYT [COPENHAGEN] For years, Denmark was held out as a model to countries with high unemployment and as a progressive touchstone to liberals in the United States. The Danes, despite their lavish social welfare
      NYT  -  771 words
    • Article
      Lock icon German investor sentiment falls to 16-month low
      389 11 Bloomberg [BONN] German investor confidence dropped to a 16-month low in August, suggesting economic growth will slow from the record-breaking pace set in the second quarter. The Mannheim-based ZEW Center for European Economic Research said its index of investor and analyst expectations, which
      Bloomberg  -  389 words
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      182 11 tl ohtfor^fo teseeable ■muss s®^ <B1<w w i»— iinrfwasSst m ore than eve beWe eTthe <* eSire Butattgsapex o{ manv <* W aCtua abUHy Vead^ 6^ to nurture it. We have a solution for that. The Center for Creative Leadership (CCL)® designs and delivers leadership programs that drive a strong
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia sees national income rising to RM1.7t by 2020
      359 12 It will need to grow at 5-6% a year to reach high-income nation benchmark Bernama [KUALA LUMPUR] Malaysia’s gross national income is projected to increase to almost RM1.7 trillion (S$730 billion) in 2020 under the government’s economic transformation programme (ETP) from
      Bernama; FILE PHOTO  -  359 words
    • Article
      Lock icon Jail terms cuts, release for 58,000 in Indonesia
      231 12 AP AFP [JAKARTA] Indonesia’s Justice Ministry said 58,000 convicts benefited from Indonesia’s national day celebrations yesterday. Most had their jail terms shortened while some 4,700 prisoners were given their freedom. The country traditionally cuts prison terms for some inmates for good behaviour
      AP; AFP  -  231 words
    • Article
      Lock icon Proton-Perodua merger welcomed but can be a difficult process: Mahathir
      437 12 Bernama [SHAH ALAM] Malaysia’s former prime minister Dr Mahathir Mohammad, who inspired the establishment of Proton in the early 80s, has welcomed the idea of a merger between the national car manufacturer and second national car maker Perodua, but says
      Bernama  -  437 words
    • Article
      Lock icon Indonesia calls for maritime border cooperation
      196 12 Bernama [JAKARTA] Indonesian Maritime Affairs and Fisheries Minister Fadel Muhammad wants economic cooperation at the Malaysia-Indonesia maritime border to enable fishermen from both countries to fish in the area without any problems. This would resolve problems of encroachment by fishermen from both sides, he
      Bernama  -  196 words
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      174 12 RIDING THE REGIONAL RECOVERY 20August2010(Friday) Marina Bay Sands Expo and Convention Center Level 5, Sands Grand Ballroom TOP CEOS SHARE THEIR EXPERIENCE AND INSIGHTS WITH INVESTORS CONFERENCE HIGHLIGHTS: Keynote Address Panelist: Mr Jignesh Shah Chairman FT Group Vice Chairman, Singapore Mercantile Exchange Panel Discussions VIEWS FROM THE TOP The Business
      174 words
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      40 12 KhattarWong Congratulates Singapore for being the host of the Singapore 2010 Youth Olympic Games KHATTARWONG Partnership in Practice is the Official Legal Services Sponsor of the inaugural Youth Olympic Games JjJ. £»N*APo«e20f0 Youth- Olympic, XXV TMO OFFICIAL LEGAL SERVICES SPONSOR
      40 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Yuan climb slows as data from Japan, US worry China
      522 13 Time to shift to dollar/yuan NDFs of longer tenor as short-term rise will be limited: traders Reuters AP [SHANGHAI] A slew of weak data from major global economies has set off alarms bells in Beijing, prompting the People’s Bank of
      Reuters; AP  -  522 words
    • Article
      Lock icon Delhi’s Games woes a boon for GMR, Reliance?
      424 13 Bloomberg [NEW DELHI] India’s efforts to stage the Commonwealth Games for US$7.9 billion contrast with the US$70 billion makeover of Beijing for the 204-nation Olympics in 2008. While state control in China ensured the city was ready for rehearsals, Delhi’s govern-ment-run efforts
      Bloomberg  -  424 words
    • Article
      Lock icon Li Ka-shing pays top dollar for two sites
      454 13 His company forked out a total of HK$7.6b for the land AFP [HONG KONG] Hong Kong’s richest man, Li Ka-shing, snapped up two prime residential sites yesterday for prices well above market estimates, despite government measures to cool the overheating property market.
      AFP  -  454 words
    • Article, Illustration
      Lock icon Microfinance firms in India attracting strong interest
      545 13 NYT [MUMBAI] The first microfinance company to sell stock to the public in India got a strong endorsement from investors on Monday when its shares closed up 10.5 per cent on the first day of trading. The strong showing for the company, SKS
      NYT; BLOOMBERG  -  545 words
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      223 words
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      188 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Industrial output increases 1% in July
      524 14 Production is better than forecast and eases concern key industry is slowing LATEST US DATA Bloomberg [WASHINGTON] Production in the United States rose more than forecast in July, easing concern the industry that led the economy out of the recession is beginning to slow.
      Bloomberg  -  524 words
    • Article, Illustration
      Lock icon Drug firms in disputes over job cuts, pensions
      576 14 Jobs in EU pharma industry seen falling further by 2014 Reuters [LONDON] Europe’s pharmaceuticals industry, not known for industrial disputes, is experiencing a spate of clashes as employees fight back against cuts in jobs and benefits. Britain’s second-biggest drugmaker, AstraZeneca, faces the
      Reuters; REUTERS  -  576 words
    • Article, Illustration
      Lock icon Abbot wary of foreign state firms
      445 14 Reuters [CANBERRA] Australia’s opposition will be cautious about investments by foreign state-owned firms if it won cliffhanger elections on Saturday, as economic credibility emerged as a key voter issue. Conservative opposition leader Tony Abbott yesterday said that he would take special care about these
      Reuters; REUTERS  -  445 words
    • Article
      Lock icon Gartmore bleeds assets after Rambourg debacle
      372 14 Reuters [LONDON] UK fund manager Gartmore wants to remain independent despite a continued loss of clients as it struggles to recover from the departure of star manager Guillaume Rambourg. Gartmore shares have slumped by almost half this year after the company said in March
      Reuters  -  372 words
    • Article
      Lock icon Waves can power Australia’s future: scientists
      569 14 Reuters [SINGAPORE] Waves crashing on to Australia’s southern shores each year contain enough energy to power the country three times over, scientists said yesterday in a study that underscores the scale of Australia’s green energy. The research, in the latest issue of the Journal
      Reuters  -  569 words
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  • WORLD
    • Article
      Lock icon ‘Dark pools’ not a big threat to Asia markets
      760 15 Regulators likely to curb their activities and those of other alternative trading systems Reuters [WELLINGTON] “Dark pools” and other alternative trading systems are not as big a threat to Asia’s bourses as they are for their western counterparts, because of regulators’
      Reuters  -  760 words
    • Article, Illustration
      Lock icon No quick fix seen for Fannie and Freddie
      500 15 Reuters [WASHINGTON] The Obama administration will pick the brains of housing finance leaders on how to fix Fannie Mae and Freddie Mac, but made one thing clear yesterday: there is no going back to their pre-cri-sis structure. Treasury Secretary Timothy Geithner, in
      Reuters; BLOOMBERG  -  500 words
    • Article
      Lock icon Barclays to pay US$298min ‘trading with enemy’ case
      304 15 AP [WASHINGTON] Barclays Bank has agreed to pay US$298 million over criminal allegations that it illegally engaged in financial transactions with banks in five countries that were sanctioned by the US. The countries Cuba, Iran, Libya, Sudan and Burma are all under
      AP  -  304 words
    • Article
      Lock icon US is toughening reviews for deepwater oil drilling
      615 18 New ruling meant to redress lax policy which resulted in disastrous oil spill AP Bloomberg [WASHINGTON] The US government is toughening environmental reviews for all new deepwater oil drilling, ending an easy path to oil riches that allowed BP to drill its
      AP; Bloomberg  -  615 words
    • Article, Illustration
      Lock icon Online video service Hulu plans IPO
      438 18 Share sale may value the company at more than US$2b Reuters [NEW YORK] Hulu, the Web video service owned by three of the biggest US broadcast networks, is planning an initial public offering (IPO) that could value the company at more than US$2 billion,
      Reuters; FILE PHOTO  -  438 words
    • Article
      Lock icon Madoff staff case hit by mounds of ‘evidence’
      402 18 AP [NEW YORK] The case against a former executive and two computer programmers charged with cooking the books for disgraced financier Bernard Madoff has been bogged down by a mountain of potential evidence, their lawyers said on Monday. “We have this overwhelming
      AP  -  402 words
    • Article
      Lock icon Fund managers pile into energy stocks in Q2
      489 18 Move in face of Gulf disaster paying off as oil shares recover Reuters [BOSTON] Top hedge fund managers went bargain hunting in the oil sector in the second quarter, buying shares whose prices had tumbled after BP’s Gulf of Mexico well disaster
      Reuters  -  489 words
    • Article
      Lock icon German utilities offer billions in nuclear deal
      506 18 The companies also want a proposed tax to be dropped AP [BERLIN] Germany’s utilities are offering to pay the government billions to let them keep their nuclear power plants running longer instead of shutting them down as mandated under current law, energy giant
      AP  -  506 words
  • Page 15 Advertisements
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      243 15 r > WINE DINE AND HOSPITALITY n *->w £3^ I !> i A DIVINE MID-AUTUMN CELEBRATION AT MERITUS Featuring Mandarin Orchard's auspicious masterpieces, the Mandarin Fortune Dragon and Phoenix Set, and a series of delicate mini snow skin creations such as Mango, Lychee Martini, Green Tea and Tiramisu. Over at
      243 words
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      222 16/17 BMW Gran Turismo pml-bmw.com.sg v> 0 ■f "'A m\n A f A J Sheer Driving Pleasure V V X" ?I >• t'7 u FORM, FUNCTION AND A WHOLE NEW PHILOSOPHY. At the crossroads of choice, there are two ways to go. The conventional road sodden with footsteps, or the road
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      519 18 adv NI N IN THEMATTEROF THECOMPANIESACTCAP50 AND NI N IN THEMATTEROF ASIATOWERSPTE (INMEMBERS’VOLUNTAR LIQUIDATION) (Co. Reg. No: *****0986C) tA t At an Extraordinar General Meeting the abovenamed Company duly convened and held th thFloorFloor Menara Batavia, Jl. K.H.Mas Mansyur Kav 126, Jakarta *****, Indonesia on August 2010 10.00 a.m., the
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      24 18 tt-S-®#. Lianhe Zaobao How would a "hard landing" for China's property sector impact housing market here? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      24 words
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  • FOCUS: MICROCHIP BATTLE
    • Article, Illustration
      Lock icon Start-up aims to slay chip Goliath Intel
      1149 19 A US$48 million joint venture based in Austin, Texas is betting it can modify low-power smart-phone chips to run computer servers NYT [NEW YORK] AGROUP of investors including companies from the United States, Europe and the United Arab Emirates have formed a venture
      NYT; AP  -  1,149 words
    • Article, Illustration
      Lock icon Chipmakers fight for top spot in LTE technology
      840 19 Ample opportunity, big challenges seen for smaller players in new mobile standard as they jostle to compete behind leader Qualcomm Reuters [TOKYO] LTE, the next generation of high-speed wireless technology, should be a goldmine for chip companies, though smaller players will face
      Reuters; AFP  -  840 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon S’pore poised to be Asia’s commodity hub
      474 20 EDITORIAL COME Aug 31 and we will witness the emergence of a big new player in Singapore’s financial market landscape. It will be the Singapore Mercantile Exchange (SMX), which bills itself as the first pan-Asian multi-prod-uct exchange. It will offer a state-of-the-art electronic
      474 words
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      Lock icon China should consider its route to development
      767 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator WHILE voices in China continue to be raised against American naval exercises near the China coast, asserting Beijing's increased influence in global affairs, other voices are now being heard
      767 words
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      Lock icon Balancing thirst for oil with safety
      931 20  -  The number of environmental accidents in China rose 98% in the first six months of 2010 By SAM CHAMBERS Sam Chambers is co-author of “Oil On Water”, a study of how China is shifting global oil trading patterns SOMETIMES statistics collide at just the
      REUTERS  -  931 words
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      Lock icon The politics of identity
      1251 21  -  A large majority of Americans are opposed to the plans to build a mosque close to the site of Ground Zero LEON HADAR Washington Correspondent AN ANGRY debate has erupted among Americans over the plan to build an Islamic centre (aka the Ground Zero Mosque) in
      AP  -  1,251 words
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      Lock icon The crisis in Europe is far from over
      829 21  -  The resistance to the bailout package will rise as the terms turn out to be immoral and absurd. And the big-deficit nations are locked in a downward economic spiral MATTHEW LYNN Matthew Lynn is a Bloomberg News columnist and the author of
      FILE PHOTO  -  829 words
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      2453 22 MAND OR CONDITIONALOFFER by SA CAPITALPRIVTELIMITED (Compan RegistrationNo *****1542N) (Incorporated theRepublic Singapore) ffro r or andonbehalf LINK CREST LIMITED (Compan RegistrationNo *****65) (Incorporated theBritishVirginIslands) ot o to acquirealltheissuedandpaid-upordinar shares thecapital PINE GRITECHLIMITED (Compan RegistrationNo *****) (Incorporated Ber uda) otherthanthosealready wned,controlled agreed beacquired theOfferorandpartiesacting concer with .1 1. INTRODUCTION 1.1 SA
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  • Transport HUB
    • Article, Illustration
      Lock icon Centre to groom S’pore supply chain specialists
      569 23  -  Plan to set up a US$4m training hub to grow local and regional talent By VEN SREENIVASAN SINGAPORE is one of the most critical supply chain management nodes in the Asia-Pacific yet very few Singaporeans have training, skills and expertise in this area.
      569 words
    • Article
      Lock icon S’pore ideal location for Greatship
      825 23 INDIA-BASED Great Eastern Shipping’s wholly owned subsidiary Greatship (India) Ltd was looking to develop its global offshore operations and found Singapore to be an ideal location, given its large international maritime cluster and probusiness environment. In addition, the company felt that the skill sets of
      825 words
    • Article
      Lock icon TRANSPORT STOCKS
      273 23 SGX '000 Aug 17 S$ +/-Vol CH Offshore 0.54 0.01 1564 Chuan Hup Hldg 0.26 unch 80 Cosco Corp 1.57 unch 8865 CWT Ltd 0.89 -0.01 1149 Ezra Hldgs 1.84 0.03 4318 First Ship Lea 0.40 unch 176 Freight Links 0.06 -0.01 6618 Grand Banks unch unch 0
      273 words
    • Article
      Lock icon Fleet growth may cap freight rates
      508 23 Bloomberg [SINGAPORE] Freight rates for some of the biggest vessels which carry iron ore, coal and grains may be capped because of fleet growth, said DnB NOR ASA, Norway’s largest bank. “Although volumes are expected to rise, the dry bulk carrier fleet is set
      Bloomberg  -  508 words
    • Article
      Lock icon ITF still flies two flags after all these years
      1002 23  -  But what counts is what the ITF is doing to strengthen the International Bargaining Forum STRAIT TALK By DAVID HUGHES SINCE 1948, the International Transport Workers’ Federation (ITF) has pursued a campaign against so-called flags of convenience (FOCs) as a key
      1,002 words
    • TRANSPORT HUB: AVIATION
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        Lock icon UK airports strike on busy holiday weekend averted
        492 24 Union move follows management’s offer of new pay deal to workers AFP [LONDON] A strike that could have shut down six British airports on a key holiday weekend was averted on Monday after management offered a new pay deal to workers, both
        AFP; REUTERS  -  492 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2970 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 --JL5083 2230 MU8214 2230 QF82 2230 --LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
        2,970 words
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        Lock icon China Southern H1 profit surges more than 50-fold
        246 24 AFP [SHANGHAI] China Southern, Asia’s largest carrier by passenger numbers, said first-half net profit soared more than 50-fold from a year earlier due to surging demand and the sale of its maintenance unit. The Guangzhou-based carrier said its net profit for the
        AFP  -  246 words
      • Article
        Lock icon LAN-TAM merger should meet regulatory muster: CEO
        230 24 Reuters [SAO PAULO] Brazilian airline TAM said on Monday it was certain its deal to merge with Chile’s LAN would not violate rules restricting foreign investment, after discussing the plans with Brazil’s President Luiz Inacio Lula da Silva before announcing the merger. Marco
        Reuters  -  230 words
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        Lock icon 6 badly hurt in ‘miracle’ crash flown to Bogota
        613 24 Officials are probing a range of possible causes AP [BOGOTA, Colombia] Survivors say everything seemed normal as a jetliner with 131 people on board prepared to land in a storm on a Caribbean resort. Suddenly it plunged to earth, killing one
        AP; AFP  -  613 words
    • TRANSPORT HUB: LAND
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        Lock icon Used-car imports take a back seat
        533 25  -  The parallel-import business of cars is hit hard by big cuts in the COE quota By SAMUEL EE LESS than 5 per cent of the parallel-imported cars sold in Singapore this year were used and this number may not increase because of strong COE
        533 words
      • Article
        Lock icon Renault to unveil Korean-built SM5 luxury sedan
        201 25 Bloomberg [PARIS] Renault SA, struggling to maintain a European foothold in larger cars, plans to bolster its upscale offering with South Korean imports. A version of the Renault Samsung SM5 sedan will be unveiled next week and assembled at the French company’s Korean
        Bloomberg  -  201 words
      • Article
        Lock icon SGX CATALIST
        1929 25 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 5 1181 t AA Grp 5.5 5 6 30.6 5.3 225 130 6222 t APStrategic 185 +3 2 185 175 175
        1,929 words
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        Lock icon US port authority moves to end nepotism
        737 25 Bloomberg [TRENTON, New Jersey] The Delaware River Port Authority, which has borrowed more than US$1 billion to maintain road and rail links between New Jersey and Philadelphia, may end “free rides” while trying to curb nepotism and conflicts of interest. The proposed actions
        Bloomberg  -  737 words
      • Article, Illustration
        Lock icon Singapore’s top GM exec heads to Malaysia
        323 25  -  He is currently the MD of GM Overseas Distribution Corp By SAMUEL EE GENERAL Motors (GM) veteran Kittichai Jarusrojpoka is leaving Singapore and heading across the Causeway to take over the carmaker’s operations in Malaysia. Mr Kittichai, a Thai national, is now managing
        323 words
      • Article
        Lock icon US probing steering problems in 2010 Kia Soul
        280 25 AP [WASHINGTON] The 2010 Kia Soul, a boxy vehicle that has been marketed to urban motorists, is being investigated by government regulators for potential loss of steering control. The National Highway Traffic Safety Administration said on Monday on its website that it
        AP  -  280 words
      • Article
        Lock icon SGX ETF
        761 25 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 118 112.5 117.5 538.6 913 710 CIMBAsean40 100US$ US892 895 901 35.7 306 255 DBS STI ETF
        761 words
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        Lock icon CLOB INTERNATIONAL
        78 25 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A45.5cd 43.5 50 3.6 7.7 3.6 118.5 31 16 6017 Genting HK US$ US27.5 -1 ***** 30 27.5 27.5 28
        78 words
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      60 23 LUNCH ON US! Join us for a business lunch at M-Hotel Singapore on 26 August 2010, Thursday (12pm 2pm). We like to welcome you if you want to learn more about the latest liner shipping solutions. Email marketing_sin@softship.«om or call +65 *****497 for more information about this event. RSVP to
      60 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      307 24 CRYPTIC CROSSWORD Across 1 Records a pound, extraordinary sum (6) 4 Mysterious European, very tense man (8) 9 What winter in Lapland is like? Head off, if not (6) 10 Completely astonish toxopholite? (4,4) 11 Ambassador’s enthralled by sign in reference book (9) 13 Admit juvenile’s lost face (5) 14
      307 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8966 26 Transaction date: Aug 17 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 $mil 20 11 3148 8Telecom 18 unch 558 18.5 18 18 18.5 1.7 10.1 5.8 86.2 12 6 5834
      8,966 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9472 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.85/ APS Alpha Fund Cl B SGD!** 1.14/ APS Alpha Fund Cl B USD!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,472 words
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      267 27 Os\ vWm„ st; **s. iWt jp l s f II 1,5 4" E •V 4 i- V\;\>'. K r/ V/1 V' => SAXO CAPITAL MARKETS A TRADER'S BEST CALL Is there something missing from your choice of ETFs? SAXO enables you to actively trade 850 ETFs from around the world.
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Aug 16 Index Change Change Change Change Change Change World Index Preliminary 796.1 0.0 -4.4 0.2 -8.2 0.3 -5.3 EAFE Preliminary 740.2 -0.2 -5.7 0.5 -10.6 0.6 -7.8 Europe Preliminary 1081.7 -0.1
      374 words
    • Article
      Lock icon INTERBANK RATES
      178 28 Aug 17 $S Offer Bid Overnight 0.05 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.38 0.28 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.00 0.80 12
      178 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Aug 17 S$ Bid Offer 1-month 1.3551 1.3563 2-months 1.3551 1.3562 3-months 1.3549 1.3561 6-months 1.3545 1.3557 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      138 28 Aug 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 330.0 329.0 330.0 119 Oct 10 326.0 325.5 326.0 38 Nov 10 325.5 Dec 10 324.0 60 Jan 11 324.0 Feb 11 324.0 Mar 11 324.0 Apr
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 28 Aug 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18.11.2010 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 104.25 104.28 104.24 5-Year N*****0N 1.375 01.10.2014 103.01 7-Year N*****0Z
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    • Article
      Lock icon CHICAGO BOT
      105 28 Aug 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1034.00 1043.50 1050.25 1031.25 Nov 10 1031.50 1044.00 1048.50 1028.25 Jan 11 1037.75 1050.50 1054.00 1034.00 Mar 11 1039.75 1051.75 1055.50 1036.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 41.45 42.52 42.71
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      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Aug 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.22 -0.11 WTI (Near Mth) 75.21 -0.36 Dubai (1-Mth F) 73.75 -0.34 Tapis blend 80.10 -0.55 Minas 75.95 -0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.11 -0.05 Jet Kerosene 85.25 -0.90 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2311 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39 1 150 2 4.74 45 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86 18 2036 Advance SCT Ltd W*****9 0.5 1 87 2400
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 28 Aug 17 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2070 1.2440 Can dollar 1.2940 1.3100 Euro 1.7330 1.7530 NZ dollar 0.9500 0.9720 Sterling pound 2.1150 2.1400 US dollar 1.3500 1.3660 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Aug 17 Open High Sett STI Aug 2912.0 SIMSCI Aug 344.0 345.6 343.7 Taiwan Aug 279.5 280.0 279.0 Source: MF Global (S) Pte. Ltd
      27 words
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      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5710 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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      Lock icon INTERBANK CROSS RATES
      464 28 Aug 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.939 6.131 0.701 7.011 42.099 81.031 0.770 10.613 2.853 1.269 77.264 40.755 1.223 6.546 0.936 28.780 28.627 0.577 0.902 Canada 1.065 6.530
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    • Article
      Lock icon SIBOR
      85 28 Aug 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Aug 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2225 1.2242 0.9021 0.9026 Canadian dollar 1.3022 1.3038 0.9609 0.9613 Euro 1.7437 1.7461 1.2867 1.2874 NZ dollar 0.9635 0.9646 0.7110 0.7112 Sterling pound 2.1195 2.1217 1.5640 1.5643
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    • Article
      Lock icon PRECIOUS METALS
      137 28 Aug 17 GOLD (US$/oz) Aug 17 Aug 16 Hong Kong 1226.70 1221.80 Aug 16 Aug 13 London 1224.10 1213.05 1224.85 1213.80 Source: Thomson Reuters CAST BAR Aug 17 (S$) Selling Buying Kilobar 57,227.88 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 53 5gm 363.8 267 10gm 650.56
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    • Article
      Lock icon LONDON METALS
      71 28 Aug 16 Aug 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2113.50 2101.25 3 months 2118.00 2110.00 Copper, Grade A (US$/tonne) Cash 7224.50 7132.25 3 months 7250.00 7156.00 Lead (US$/tonne) Cash 2066.75 2031.00 3 months 2095.00 2057.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 28 Aug 16 COCOA (£/tonne) Close Prev High/Low Sep 10 2104 2109 2113/2073 Dec 10 2033 2035 2036/2000 Mar 11 2047 2050 2048/2014 May 11 2062 2065 2063/2029 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1730 1731 1739/1707 Nov 10 1770 1768 1780/1743 Jan 11 1780 1775 1780/1748 Mar 11
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    • Article
      Lock icon PALM OIL
      66 28 Aug 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2750 2770 2779 2750 600 7278 Oct 10 2674 2685 2709 2670 4683 ***** Nov 10 2653 2646 2679 2637 ***** ***** Dec 10 2645 2636
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      415 28 Aug 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6350 0 526 Dec10 99.5700 0 2001 Mar11 99.4950 0 2051 Jun11 99.3900 0 2142 EUROYEN TIBOR FUTURES Sep10 99.6525 105 3678 Dec10 99.6825 99.6825 99.6825 99.6900 130 1773 Mar11 99.7050 0 2043 Jun11 99.7125 76
      415 words
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      52 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES I FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES
      52 words
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      333 31 CoWP Accounting Blues? M Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. sssS*. Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg Routine Accounting
      333 words
  • executive Money
    • Article, Illustration
      Lock icon Family philanthropy – beyond giving
      1260 31  - Family philanthropy beyond giving It can become the life-force that invigorates the family identity and the keystone for the survival of the family dynasty MONEY MATTERS JUNE LEE The writer is head of family governance at UBS Wealth Management in Singapore IT HAS always been a tradition in Asia and
      FILE PHOTO  -  1,260 words
    • Article, Illustration
      Lock icon Pledging fortunes takes extra effort in shaky recovery
      957 31 NYT [NEW YORK] Warren Buffett and Bill and Melinda Gates gave billionaires a jolt of positive publicity two weeks ago with the unveiling of The Giving Pledge a promise by 40 individuals and couples to donate at least half of their fortunes
      NYT; AFP  -  957 words
    • Article
      Lock icon Commodities still buoyant
      600 32  -  Thanks to rising demand and growth in the emerging markets, reports GENEVIEVE CUA GENEVIEVE CUA COMMODITYinvest-ments hit a record US$300 billion in assets under management in July, but will the party continue? Barclays Capital, in its August issue of The Commodity Investor, believes that strong medium term
      600 words
    • Article
      Lock icon Rich Londoners hire new breed of housing agents
      795 32 Bloomberg [LONDON] Beverley Kirby gave up trying to buy a house on her own in London’s Chelsea area after twice getting burned by owners reneging on agreements to sell to her. The night before Ms Kirby was due to sign for one
      Bloomberg  -  795 words
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      428 32 BLACKROCK GLOBAL FUNDS (BGF) GLOBAL ALLOCATION FUND WHOLE WORLD. MULTI-CLASS. ALL WEATHER. ONE FUND. In this increasingly complex market, it is more important than ever to access a fund which can make the challenging asset allocation decisions for you. And who better than a manager with a proven track record
      428 words
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      Lock icon Page 32 Advertisements Column 2
      6 32 FAMILY PHILANTHROPY Beyond giving PAGE 31
      6 words