The Business Times, 31 August 2010

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Total Pages: 38
1 38 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, August 31, 2010
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  • 736 1  -  COMMENTARY By KALPANA RASHIWALA THE government has just announced the latest instalment in its gentle therapy of a series of calibrated measures to try and rein in the acceleration in home prices. Is this strategy working? Or should we
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  • 1131 1  -  String of steps to douse speculation; prices and sales of mass-market private homes may be hit By UMA UMA SHANKARI [SINGAPORE] The Prime Minister had hinted on Sunday that major moves were afoot to cool the property market. Even so, when the
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  • 140 1 ST INDEX 2,957.06 (+18.32) ST INDEX FUTURES 2,957 (+19) SIMSCI 348.40 (+2.54) SIMSCI FUTURES 348.50 (+2.80) FOREX US$ S$ US$ (S$ per US$) 1.354 (US$/S$ per 1.558 2.109 EURO (US$/S$/E) 1.274 1.724 Foreign currency per US$ S$ YEN 85.10 62.90 RM 3.138 2.318 HK$ 7.780 5.747 BAHT 31.28
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  • Page 1 Advertisements
    • 241 1 DBS Rajan Raju leaves bank after 11 years PAGE 2 SME INC Back to school for SME leaders PAGE 10 FASTEST GROWING 50 COMPANIES Transport and agriculture firms enjoy boom PAGE 9 Plus profiles of some of these firms in a special 8-page supplement PAGES 17-24 Impact of new measures
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  • TOP STORIES
    • 599 2 Private home-owners can’t play HDB chip any more THE Prime Minister had hinted on Sunday that major moves were afoot to cool the property market. Even so, when the Ministry of National Development spelt out the measures yesterday, several market-watchers did a double-take. Many of them expect private
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    • 412 2  -  Harsher penalties could deter telcos from behaviour that harms new entrants By JAMIE JAMIE LEE [SINGAPORE] Fresh moves by the government to deter anti-competitive behaviour by telcos are aimed at bringing in more broadband service providers to make the best use of
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    • 461 2  -  By in ANTHONY ROWLEY WITH the ink barely dry from an economic agreement with China, Taiwan is is now anxious to form one with Singapore as well, a Taiwanese government official said in Tokyo yesterday. An economic cooperation agreement covering trade and investment
      AP  -  461 words
    • 398 2  -  By SIOW LI SEN [SINGAPORE] Rajan Raju, head of DBS’ consumer banking group, is leaving the bank after 11 years and it is believed he will be joining the global asset management arm of Deutsche Bank. DBS has confirmed Mr Raju’s departure. His
      FILE PHOTO  -  398 words
    • 613 2 KPJ Healthcare banks on hospitals, a whole lot of them, to stay in shape A special series brought to you by Bursa Malaysia and ShareInvestor How do you intend to grow going forward? “We’llbuildoracquireat least two hospitals a year,” replies Siti Sa’diah Sheikh Bakir without hesitation. Ms
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    • 665 4  -  By JAMIE LEE [SINGAPORE] Celestial Nutrifoods which posted a rare “negative revenue” in its second quarter should not have recognised goods with rights of return as sales, accounting experts have told BT. Its practice runs afoul of its own accounting policy, they
      FILE PHOTO  -  665 words
    • 769 4  -  Banks see problems in extra checks needed for home loan applications REACTION TO PM LEE’S NATIONAL DAY RALLY SPEECH By CONRAD TAN [SINGAPORE] New government measures to cool the property market and curb speculation in the resale market for
      FILE PHOTO  -  769 words
    • 484 4  -  By FELDA CHAY [SINGAPORE] Property stocks slid yesterday after the government announced new measures to cool Singapore’s residential property market, even though analysts said the impact on developers is likely to be minimal. Allgreen Properties was the biggest loser among property plays listed
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    • 1153 4  -  By MALMINDERJIT SINGH [SINGAPORE] The economy may be recovering fast from the recession, but companies here are still cautious about their bottom lines. And as a result, new expatriates are no longer offered the sort of packages their peers once enjoyed. According to headhunters
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  • Page 3 Advertisements
    • 117 3 Singapore Mercantile Exchange. It's about time. The first-ever pan-Asian multi-product commodity and currency derivatives exchange to lead the way for riding the high-growth economies of the continent. Inauguration today at 10am by Guest of Honour Mr Ong Chong Tee Deputy Managing Director Monetary Authority of Singapore (MAS) Now open for
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  • Page 4 Advertisements

  • COMPANY NEWS
    • 784 5  -  HOCK LOCK SIEW By VEN SREENIVASAN THE term “game changer” is often overused and overrated. Companies routinely trot out products and services which they claim will be game changers for their businesses. But every once in a while, it turns out
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    • 384 5  -  By FELDA CHAY UNITED Industrial Corp (UIC) yesterday said that it has paid a development charge of $160.1 million to the Urban Redevelopment Authority (URA) for the redevelopment of UIC Building. Located at 5 Shenton Way, the building will be redeveloped
      FILE PHOTO  -  384 words
    • 1024 6  -  Worries stem from SGX proposal to raise market cap for mainboard listings Reports by JAMIE LEE THE initial public offer market is expected to pick up in the current second half, but worries remain over a possible increase in the mar-ket-cap
      BLOOMBERG  -  1,024 words
    • 307 6 Early warning may not address concerns about listing quality: lawyer AMID criticism of the Singapore Exchange’s practice of keeping probes private, one lawyer reckons disclosing such probes would not necessarily raise the level of governance in the market. “Sending out
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    • 552 6  -  Its subsidiary in JV with ship designer, components maker By LYNN KAN SHIPBUILDING company Yangzijiang has been actively churning the waters of late, landing 28 shipbuilding contracts worth a total of nearly US$915 million since July 1. In that same period, mainboard-listed Yangzijiang has
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    • 301 6  -  By LYNETTE KHOO SINOTEL Technologies has launched a one-for-four rights issue to raise gross proceeds of up to $23.6 million. It said yesterday that the proposed renounceable non-underwritten rights issue will involve up to 84.35 million new shares at an issue price of
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    • COMPANY BRIEFS
      • 64 6 KIM Eng Holdings said the company and Berjaya Corporation Berhad have mutually agreed to discontinue discussion on a possible strategic investment in the stockbroking business of Inter-Pacific Securities Sdn Bhd. Berjaya was reportedly set to sell a 70 per cent stake in Inter-Pacific
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      • 71 6 MOYA Dayen, which was sued by its former deputy chairman and executive director John Lee Thian Guan over the cessation of his employment with the company, said it has filed a defence and has instituted a counter-claim against him for breach of his employment
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      • 61 6 FJ Benjamin has bought a 60 per cent stake in Arcangel Limited for US$500,000, making it a subsidiary of the Singapore-listed luxury brand retailer. Arcangel is a brand development and design company owned by Irish-born designer Catherine Deane. FJB sees Catherine Deane as
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      • 65 6 SEMBCORP Industries plans to sell $200 million of notes under its $1.5 billion medium-term note programme. The marine group said $100 million of 4.25 per cent bonds will mature in 2025 while a further $100 million of notes which will pay interest of 0.55
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      • 49 6 ECS Holdings Limited signed a US$89 million syndicated financing package with eight major local and regional banks. The facilities will be used to refinance the existing US$55 million syndicated loan facility as well as to fund expansion and new product agencies.
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      • 50 6 SINGAPORE Technologies Engineering (ST Engg) has appointed Khoo Boon Hui as a non-executive independent director with effect from Sept 1, 2010. Mr Khoo, 56, a Singaporean and the senior deputy secretary, Ministry of Home Affairs, will also be a member of the risk review committee.
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    • 1038 7  -  NCs generally inactive; flaws too in existing set-up and nomination process UNTICKING THE BOX By MAK YUEN TEEN Associate Professor Mak Yuen Teen set up the Corporate Governance and Financial Reporting Centre of the NUS Business School in 2003 and led it
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    • 310 7 THANKS to a surge in revenue and gross profit margin, Micro-Mechanics (Holdings) posted a net profit of $4.8 million for the full year ended June 30, way above the net earnings of $540,000 for FY2009. This translated to earnings per share of 3.44 cents, up
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  • Page 5 Advertisements
    • 35 5 For us, private banking means gaining trust by providing CvlcH"iCl0n. Ivvx J P| security. Also yours: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore swiss PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-01
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  • Page 6 Advertisements
    • 578 6 BEATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF LLAABRADORPTE. TD. (INLIQUID TION) (Co. eg.No.***** 82H) COMPANIESWINDIN UP NNOO.. 33o fo of 200/A NNOOTICEOFMEETIN OF CONTRIBUTORIES TTaakkee notice hat meeting contributories ni n in tthe abo matter will be held 1199
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  • Page 7 Advertisements
    • 506 7 YOUR U.S. TRADING DESERVES BETTER. ~Sii PAY LESS: Enjoy Low Commission at US$9.99 per trade* GET MORE: New Upgrades of Power E*TRADE Pro Fully redesigned active trading platform in 2010 Useful Order Types for Risk Management Streaming Options Analytics Nasdaq Total View Free Research Reports Market News US$200 Commission Rebate
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  • SINGAPORE MARKETS
    • 580 8  -  Sector knocked by government anti-speculative measures; bourse trading still sees low volume STOCKS R SIVANITHY Senior Correspondent PROPERTY stocks took a bit of a hit yesterday after the government announced fresh cool-ing-off measures. This and a push on the ev-er-popular Genting were the only
      Source: Bloomberg  -  580 words
    • 4 8 DAILY
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    • 66 8 Aug 30 VALUE CLOSE BT OB/OS -249.00 +226.0 BT CADI -*****.00 +45.0 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 717.33 -0.32 FTSE ST Small Cap 533.56 +1.75 FTSE ST All Share 728.16 +3.66 FTSE ST China Top 261.27 -0.70 FTSE ST China 290.78 -3.28 FTSE
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    • 53 8 VOLUME Genting SP 100,315,000 Transcu Grp 71,898,000 Equation 53,502,000 StyleMerc 52,167,000 TopGlobal 47,621,000 UniFiber 40,612,000 *Genting HK US$ 39,946,000 LifeBrandz 32,830,000 Yangzijiang 31,133,000 JES 31,123,000 VALUE($) Genting SP 164,688,940 CapitaLand 87,457,033 Wilmar 61,431,540 Yangzijiang 48,210,020 DBS Grp 41,445,366 CityDev 40,220,040 NOL 38,363,620 SingTel 35,718,830 Olam 34,641,360 OCBC
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 3 0 0 0 7 6 3 Manufacturing 65 33 86 4 9 14 69 42 100 Commerce 17 21 29 3 4 4 20 25 33 Tpt/Stor/Comms 24 7 12
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    • BROKERS’ TAKE
      • 416 8 Tiong Corp Aug 30 close: $0.405 DMG Partners Securities, Aug 30 WE have raised our FY11 earnings forecasts for Tiong Woon (TWC) by 6.8 per cent on the back of expectations that deferred projects would return by the beginning of 2011. In addition, we have introduced our
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      • 276 8 Longcheer Holdings Aug 30 close: $0.725 DBS Vickers Securities, Aug 30 Q4 FY10 profit after tax and minority interests (Patmi) of 44.1 million yuan (S$8.8 million) came in better than our 40 million yuan forecast. Outperformance would be greater with core profit of 49 million yuan after stripping
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      • 307 8  -  Aug 30 close: $0.91 CIMB Research, Aug 30 Compiled by LYNETTE KHOO TAT Hong announced on Friday that it has acquired a relevant interest in 92.83 per cent of the shares in Australia-listed Tutt Bryant Group Ltd (TBG) under its recommended cash takeover offer. The group is
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    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,116 10,116 41,614 41,614 Manufacturing 289,539 76,301 365,840 209,635 8,450 218,084 Commerce 110,352 25,689 136,041 85,206 5,995 91,201 Tpt/Stor/Comms 71,506 567 72,073 145,958 63 146,021 Finance 16,823 221 17,044 114,407 29 114,436 Construction 67,708 67,750
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    • 112 8 Stock name Close Change CapMallsAsia 2.080 CapitaLand 3.980 -0.020 CapitaMall 1.910 -0.010 CityDev 11.460 -0.500 ComfortDelGro 1.490 DBS Grp 13.860 +0.140 F&N 5.590 +0.040 Genting SP 1.660 +0.060 Golden Agri 0.555 +0.020 HK Land 5.280 -0.120 JMH 44.000 +1.000 JSH 24.840 -0.160 Jardine C&C 32.600 -0.240
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    • 550 8 CURRENCIES [NEW YORK] The yen rose broadly yesterday after the Bank of Japan’s (BoJ) decision to expand a fund supply tool disappointed investors who had looked for more aggressive measures to curb the yen’s strength. The dollar fell below 85 yen and the
      REUTERS  -  550 words
    • 115 8 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 3659 143.4 3.0 JMH 4400 135.3 2.3 DBXT Nifty 10US$ ***** 73.1 0.5 DBXT E50 10US$ 3676 52.8 1.1 DBXT MSTHAI 10US$ 1316 51.4 3.0 Lyxor LatinAmerica 1 833 37.9 3.5 Lyxor China H 10US$ 1488 31.1 1.6 STXPO 100 1320 22.0
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    • 121 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5407-148.9 -2.0 CityDev 1146 -50.0 -4.2 DBXT iBoxxUSTr 5US$ ***** -48.7 -0.2 DBXT MSINDO 10us$ 1245 -35.2 -2.0 CityDev.ES.1009 1152 -28.0 -2.4 Jardine C&C 3260 -24.0 -0.7 JSH 2484 -21.7 -0.6 HK Land 528 -16.2 -2.2 DBXT MSWorld 10US$ 267 -14.9
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    • 87 8 Where S$ stands Aug 30 CHNG YR 2010 CLOSE FR Aug 27 S$ LOW S$ HIGH US$ 1.3542 0.05 1.4219 1.3472 Euro 1.7225 0.00 2.0153 1.6886 Pounds 2.1081 -0.23 2.2831 2.0003 A$ 1.2165 -1.40 1.2960 1.1515 Yen* 1.5959 0.50 1.6055 1.4467 Rupiah* 0.***** 0.38 0.***** 0.***** Baht* 4.3300 -0.16
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  • SINGAPORE NEWS
    • 909 9  -  Top 50 companies ranked and lauded, based on compound annual growth By RACHEL SIM THE transport and agriculture and related sectors which have been booming in line with the economic recovery are among the sectors which the 50 fastest growing companies hail from. Of
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    • SINGAPORE ROUNDUP
      • 91 9 ERIC Tan will relinquish his position as commissioner of the Immigration and Checkpoints Authority (ICA) and take over as director of the Corrupt Practices Investigation Bureau (CPIB) from Soh Kee Hean on Oct 1. He will be director-designate from tomorrow. Mr Soh will be
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      • 78 9 AGRIBUSINESS group Wilmar International Limited yesterday gifted $1 million to Nanyang Technological University to support scholarships for the Master of Science in Managerial Economics and Master of Public Administration. The sum will fund 10 new donor-supported scholarship awards each year for a total of
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    • 327 9  -  By UMA SHANKARI FAR East Organization yesterday released for lease 31 out of the 69 medical suites at its upcoming Novena Specialist Center. Ranging in size from 549 to 1,442 square feet, they will be rented out for $8-9 per sq ft (psf). Novena
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    • 703 9  -  Travel agents cite pent-up demand, economic boom By GRACE LEONG THE travel bug bit hard this year, with more Singaporeans shelling out bigger amounts for exotic year-end getaways as job security fears subside in the face of a rebounding economy.
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    • 274 9 CITI’S three-year $1 mil-lion-plus partnership with educators promoting financial literacy in Singapore schools has borne fruit and will bear more in the coming years. Yesterday, Citi granted another $380,000 to the Ci-ti-NIE Financial Literacy Hub for Teachers to “scale up” current
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    • 260 9  -  By LYNN KAN PETER ONG, permanent secretary at the Ministry of Finance, has been named head of the Civil Service and will wear several other hats from tomorrow. He has also been appointed permanent secretary of special duties in the Prime
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  • Page 9 Advertisements
    • 225 9 Profiles and other reports, Pages 17-24 Gl<& b a 2 RONICS 2 1 13-15 September 2010 (Mon Wed) Sands Expo And Convention Centre, Hall A Marina Bay Sands, Singapore 10am 6pm daily www.globaltronics.com.sg NEU FEATURE Printed Electronics Companies will be presenting products services at the Printed Electronics Showcase alongside the
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  • SME Inc
    • 1229 10  -  When the economy is down, leaders take the opportunity to upgrade themselves, report EILEEN TAY and JASLENE PANG ADVANCING MANAGEMENT EILEEN TAY,JASLENE PANG WHILEmostcom-paniesscur-ried around for solutions to ensure their survival during the economic tsunami two years ago, a handful of small and medium
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    • 869 10  - Know-how, networking, fun and lots more Aditi Nayak relished her SMU-Spring SME Leaders course By EILEEN TAY A STRONG friendship with business associates was Aditi Nayak’s greatest takeaway from last year’s SMU-Spring SME Leaders Advanced Management Programme. After sitting through the course for nine straight weeks, the class of 20
      FILE PHOTO  -  869 words
    • 1048 11  -  Since joining the Nanyang Executive MBA course, Victor Loo has implemented impactful changes in his firm, reports JASLENE PANG JASLENE PANG THE office of Medic Marketing Pte Ltd a company dealing with medical products may look the way it did a year ago to the
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    • 899 11  -  Sound management policies a key factor in how well it weathered the recession By NUR AZLYN BTE MOHD KHALID, PANG QIXIN JOY ,PREM SINGH The writers are students of the NUS Business School AS companies staggered back to their feet after last year’s
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    • 437 11  -  By TEH HOOI LING SOME buyers seemed to return to the market yesterday, but it was the blue chips which attracted most of the funds. For the week to yesterday, our small-cap portfolio ended 0.4 per cent lower. This was after accounting for dividends
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    • 844 12  -  It’s not easy but GrandWork is able to achieve this by emphasising timely delivery of high quality goods and great after-sales service By LI XIANAN GLORIA, ONG SHI YUAN SHANNON ,YEUNG CHI KI NIKKI The writers are students of NUS Business School IF THE
      FILE PHOTO  -  844 words
    • 912 12  -  EPChem finds its niche when it ventured into wax products and its derivatives By CHAN MIN LI, VALERIE CHUA,SARA LAU The writers are students ofNUS Business School SEAH Cheong Leng fell in love with chemistry after reading a textbook when he was 12 years
      FILE PHOTO  -  912 words
    • 931 13 THIS WEEK’S TOPIC What do you make of Singapore’s organisation and performance at the inaugural Youth Olympic Games? How do you think Singaporeans or Singapore companies have benefited from the experience? Cheryl Tong Managing director Pursuit Pte Ltd SINGAPORE blew it out of the park with
      XINHUA/SYOGOC/FAN JUN, XINHUA/SYOGOC/QI HENG  -  931 words
  • Page 10 Advertisements
    • 78 10 REAL5TAR X ~V^ Good Class Bungalows Yarwjod JH' Garlick :'l Olive Road/Caldecott Mount Echo Park 3 Units'Of Charming 5 Units For Home Dwellers Land Move In Brand New Best Of The Best For Land *****^,1 8000"sqftW Land ***** -***** soft— Land *****-***** sqft Built 6000-***** sqft Built Up To *****
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  • Page 11 Advertisements
    • 69 11 CENTENNIAL BUSINESS CENTRE Brand new serviced offices Office sizes 70sqft to 180sqft Long or short term flexible leases available Raffles Place Suntec City locations Prime corporate address Many window units from $1400 onwards Great city and harbour views Free internet Mail handling Contact: 9681 8379, 9822 8251 Email enquiry@centennial.com.sg Raffles
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    • 151 11 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. CFE Engineers Asia Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by
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  • Page 12 Advertisements
    • 120 12 Pulses September issue out now! r Y PEOPLE Kingsmcn Creatines foince's TogeCtef byflesgn I I How will the fallout from the Deepwater Horizon rig disaster affect the offshore industry? Broadway Industrial Group: Does solid state drives present an immediate risk to the company's business? What is Roxy-Pacific Holdings' main concern?
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    • 70 12 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. GrandWork Interior Pte Ltd and EPChem International Pte Ltd were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times
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  • Page 13 Advertisements
    • 105 13 Voices Next week’s topic: Prime Minister Lee Hsien Loong hinted in his National Day Rally speech that the foreign-worker levy employers must pay could rise in the long term to make it more attractive for firms to hire locals. How would this potentially impact your company? If you are an
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    • 2445 13 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 4Transcu Group Limited (Incorporated in the Republic of Singapore) (Company registration no. *****0320E) NOTICE IS HEREBY GIVEN that the Annual General Meeting of TRANSCU GROUP LIMITED will be held at RELC International Hotel, Tanglin 1 (Level 1), 30 Orange
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  • ECONOMY WATCH
    • 593 14 Hard to get any new measures through Congress ahead of Nov polls, he says Reuters [WASHINGTON] President Barack Obama said on Sunday the US economy was expanding, but not quickly enough, and there was no “magic bullet” that will fix its problems. Mr
      Reuters; AP  -  593 words
    • 476 14 Bloomberg [NEW YORK] Policy makers should focus on promoting economic growth and job creation rather than deficit reduction, a majority of respondents said in a survey by the National Association for Business Economics released yesterday. Three-quarters of respondents said President Barack Obama’s
      Bloomberg; AFP FILE PHOTO  -  476 words
    • 322 14 NYT [TEHERAN] Iran has transferred assets out of European banks in its latest effort to defend itself against the effects of sanctions that are part of what Iranian officials have called an “economic war” against the country by the United States
      NYT  -  322 words
    • 619 14 Mining firms, banks and builders lead 18.9% surge Bloomberg [SYDNEY] Australian business profits advanced in the three months through June by more than three times the amount forecast by analysts as earnings at mining companies, builders and banks surged. Gross operating profits rose
      Bloomberg  -  619 words
  • Page 14 Advertisements
    • 239 14 METALCOMPONENTENGINEERINGLIMITED (Incorporated theRepublic Singapore) (Compan RegistrationNo*****4700N) NOTICEOFEXTRAORDINAR GENERALMEETING NOTICEISHEREBYGIVENthatan xtraordinar gener meeting (“EGM theCompan willbeheld 10AngMoKioStreet65,#04-02, TTechpoint,Singapore*****9on16September2010 10.00a.m. the purpose considering and, thought passing the ollowing ordinar resolutions: ORDINAR RESOLUTIONS Resolution ProposedSubscription That the allotment andissue 30,000,000 ne ordinar shares thecapital theCompan Cal-CompElectronics(Thailand)Public Compan Limited nI n Investor”), anissue ice
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    • 399 14 w :*AT=i NOTICES BUY IT- SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg HOUSING DEVELOPMENT BOARD STATE LAND PARCEL AVAILABLE FOR APPLICATION UNDER THE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are as follow: m Application Details The prescribed application form
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  • MALAYSIA/INDONESIA
    • 830 15  -  Discrimination claim made with regard to payment of oil money to Pas-controlled state By S JAYASANKARAN IN A historic move, the op-position-controlled Kelantan state government yesterday filed a suit against national oil giant Petronas for untold billions in non-payment of royalties. In a statement
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    • 303 15 AP [TANAH KARO, Indonesia] An Indonesian volcano that had been dormant for more than four centuries erupted for the second day in a row yesterday, spewing towering clouds of ash and forcing the evacuation of more than 21,000 people. Some airplanes had
      AP; REUTERS  -  303 words
    • 372 15 Bloomberg [NEW DELHI] NTPC Ltd, Asia’s sec-ond-largest power producer by market value, may buy stakes in two coal mines in Indonesia as it seeks access to the fuel to fire its generating units and help end blackouts in India. The utility is
      Bloomberg  -  372 words
  • Page 15 Advertisements
    • 1722 15 [••ATS BUY IT. SELL IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NATIXIS Head Office: 30, avenue Pierre-Mendès-France, ***** Paris, France Singapore Branch: 50 Raffles Place #41-01 Singapore Land Tower, Singapore *****3 CONSOLIDATED BALANCE SHEET ASSETS 31/12/09 31/12/08 CONSOLIDATEDBALANCESHEET–LIABILITIESANDEQUITY Assets in millions 31/12/09 31/12/08 Liabilities and Equity in millions Due to
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  • GREATER CHINA/INDIA
    • 530 16 RIM will be allowed to continue operations till govt studies the solutions Reuters AFP [NEW DELHI] BlackBerry maker Research in Motion yesterday avoided an immediate ban in India after it offered the Indian government several solutions to access BlackBerry data. It will be
      Reuters; AFP; REUTERS  -  530 words
    • 660 16 Bloomberg [NEWDELHI] India’s economy probably grew at the fastest pace in 21/2 years, adding pressure on the central bank to raise interest rates even as the global recovery falters. Gross domestic product rose 8.8 per cent in the three months ended June
      Bloomberg; AFP  -  660 words
    • 229 16 AFP [BEIJING] Two of China’s major state-run companies, China Mobile and PetroChina, saw their net profit outstrip that of the nation’s top 500 private firms put together in 2009, a report said yesterday. The figures highlight how state-run enterprises have been
      AFP  -  229 words
    • 293 16 AP [BEIJING] China’s government yesterday announced a global talent search to fill top posts at 12 major state-owned companies in its latest effort to improve performance at huge but inefficient government firms. State industries have hired managers from abroad in the past
      AP  -  293 words
    • 340 16 AP [BEIJING] Tsinghua University, one of China’s top universities, announced plans yesterday to expand the number of international graduate students to about 10 per cent of the programme by 2020, as China’s top schools continue to add foreign students. “Top universities around the world
      AP  -  340 words
    • 330 16 AFP [BEIJING] A Chinese court yesterday freed on parole the wife of the former head of appliance giant Gome, prosecutors said, as the jailed disgraced tycoon battles for control of the empire he founded. The Beijing high court upheld a 14-year jail sentence
      AFP  -  330 words
  • Page 16 Advertisements
    • 605 16 HATS BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg nI n In ttheMatt TheCompaniesAct,Cap.50 And nI n In TheMatt SHININ HOPEPTE. TD. (InCreditors’ oluntar Liquidation) (CO.REG. O.*****092G) AAtt anExtraordinar Gener Meeting fo f of tthe Compan duly conenedand held obinson oad#12-00ASO Building Singapor 85 on Augus20
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    • 118 16 nI n In ttheMatt The Companies Act, Cap. 50 And nI n In TheMatt EASTERNFUELINVESMENT PTE. D. (InCreditors’ oluntar Liquidation) (CO.REG. *****0360Z) AAtt anExtraordinar Gener Meeting fo f of tthe Compa duly conenedand held obinson oad#12-00ASO Building Singapor 85 on Augus 20 .00amhefollowing RReesolutions dulypassed:SPECIALRESOL TION (1) wwaass RESOLVED tthhta
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    • 6 16 China state enterprises growing, Page 25
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  • Fastest Growing 50
    • 730 17 USINESS growth opportunities have been springing up in the ebb of the global crisis, a welcome sign in a crisis-scarred business landscape. While this presents opportunities for firms that have weathered the crisis to recover their footing, for some firms, it is an impetus for further
      Source: DP Information Group  -  730 words
    • 1092 20  -  Diversification pays off for corrosion prevention firm See Hup Seng, reports LYNN KAN LYNN KAN TO see why double award winner See Hup Seng (SHS) managed to grow quickly in the choppy environment of 2008 and 2009, one has to look back to
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    • 815 20  -  By NICO DERKSEN The writer is executive director, international tax services at Ernst Young Solutions LLP AS the pace of global economic activity picks up, many companies are revitalising their plans for overseas expansion. An essential task of this is due diligence of
      815 words
    • 905 21  -  Apart from prudent financial management, UE Metal Enterprises also attributes its growth to trustworthiness and quick delivery, reports CHEN HUIFEN CHEN HUIFEN MOST businessmen would relish the opportunity for their companies to be a monopoly in any environment, but not Ng Eng Guan, 48, managing director
      ARTHUR LEE  -  905 words
    • 938 22  -  Mineral fertiliser supplier Yara Asia banks on quick thinking and versatility to ride out the rough period, reports YEN PEI WEN YEN PEI WEN EVEN a more than century-old agricultural conglomerate such as Yara International ASA was hard hit during the recent economic crisis. But not
      938 words
    • 867 22  -  By TAN TAN SIEW MENG The writer is the head of commercial banking at HSBC Singapore THE Fastest Growing 50 Awards (FG50) are more than a measure of a company’s capacity to grow. It is also about consistency a company must
      REUTERS  -  867 words
    • 1197 24  -  The three pillars of shipbuilding, chartering and specialised services are the key drivers behind Otto Marine’s growth, reports RACHEL SIM RACHEL SIM OTTO Marine’s niche market strategy in building deep water vessels, further boosted by its other two pillars of chartering and specialised services, has proven to
      ARTHUR LEE  -  1,197 words
  • Page 17 Advertisements
    • 416 17 CONTENTS: Turning the company around in tough times PAGE 20 Game for greater challenges PAGE 21 Weathering the economic slump PAGE 22 Building on strengths PAGE 24 UNIPEC SINGAPORE PTE. LTD. Singapore's Fastest Growing 50 FAS /i'J lit* SINGAPORE 1000 SINGAPORE SME 500 UNIPEC SINGAPORE PTE. LTD. is a trading
      416 words

  • Page 18 Advertisements
    • 138 18 11:55 am Transferring money to a branch in New York. 11:57 am Paying a supplier in Shanghai. 12:00 pm Having a business lunch HSBC's Business Internet Banking gives you full control and visibility of your financial position, 24/7. On this secured platform, you can enjoy real-time and preferential foreign exchange
      138 words

  • Page 19 Advertisements
    • 352 19 HSBC congratulates the winners of Fastest Growing 50 Awards 2010. As the key sponsor of Fastest Growing 50 Awards 2010, HSBC congratulates the following outstanding corporations and enterprises in Singapore for your spectacular achievements. At HSBC, we are committed to helping you unlock your business' potential through our global network
      352 words

  • Page 20 Advertisements
    • 464 20 Our Heartiest C IPS iFt urotecis proud to be awarded ©KrtBg I®=MS® fksts^ ISO 9001 2000 Cert.No. :*****6 Mr. R. Sakthi CEO ABOUT US CEO's message Leading by Innovation! This recognition is another clear reflection of our strong growth and our commitment to innovate in all aspects of our business
      464 words

  • Page 21 Advertisements
    • 296 21 SCHAEFFLER GROUP -JlCTi Together We Move the World The Schaeffler Group is synonymous with creative technology. We set the world in motion with our three prominent brands INA, FAG, and LuK. As a leading rolling bearings manufacturer and supplier to the automotive industry, we develop and produce precision components from
      296 words
    • 285 21 WWWjBSH i p sT*s SKHfii a» 4, v r V IT m IT'S PARTNERSHIP THAT HELPS US GROW MCC TRANSPORT YOUR INTRA-ASIA PARTNER A.P. MDLLER-MAERSK GROUP We would like to thank our partners in Singapore and across Asia for helping us to become one of Singapore's 'Fastest Growing 50'. We
      285 words

  • Page 22 Advertisements
    • 82 22 SINGAPORE 1QOO SINGAPORE SME 500 ACLM ENGINEERING CONSTRUCTION PTE LTD is proud to be ranked amongst Singapore's Fastest Growing 50 Enterprises We would like to take this opportunity to express our heartfelt thanks to all our customers, business associates and staff members for making this achievement possible. We are a
      82 words

  • Page 23 Advertisements
    • 378 23 \MJe wonata 1) Leeden The Integration Specialist for Welding, Gas and Safety Leeden Limited For Being Awarded The Top 10 "Fastest Growing Internationalising Companies" of 2010 It is our distinct honor to congratulate Leeden Limited (Leeden) as one of the first companies to receive the Top 10 "Fastest Growing Internationalising
      378 words

  • Page 24 Advertisements
    • 273 24 We are better known by our projects around the region! Our Heartfelt Thanks and Appreciation To our shareholders, customers, business associates and employees on the award to our subsidiary: Yongnam Engineering Construction (Private) Limited One of The Fastest Growing 50 Companies in 2010 Well established structural steel contractor and specialist
      273 words

  • CORPORATE CHINA
    • 2116 25 But for how much longer can the state control of vast swaths of China’s economy generate growth? NYT [BEIJING] DURING its decades of rapid growth, China thrived by allowing once-suppressed private entrepreneurs to prosper, often at the expense of the old, inefficient state sector of the
      NYT; AP  -  2,116 words
  • Page 25 Advertisements

  • ASIA-PACIFIC/WORLD
    • 538 26  -  Yen rises as markets shrug off slight increase in BoJ special lending to banks By ANTHONY ROWLEY A SERIES of emergency meetings in Tokyo yesterday designed to produce official policy responses to the soaring yen and weakening Japanese economy ended in anti-climax with only
      538 words
    • 374 26 LATEST US DATA AP [WASHINGTON] Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles. Consumer spending rose 0.4 per cent in July after three lacklustre months, the Commerce Department said yesterday.
      AP  -  374 words
    • 325 26 AFP [SEOUL] South Korea’s top steelmaker POSCO signed a final deal yesterday to buy a 68 per cent stake in trading and energy firm Daewoo International for 3.37 trillion won (S$3.83 billion), officials said. The purchase is seen as helping POSCO, the
      AFP; REUTERS  -  325 words
    • 633 26 Reuters AP [PARIS] US biotech company Genzyme yesterday rejected a US$18.5 billion acquisition bid by French drugmaker Sanofi-Aventis’ saying it undervalues the company. In a letter to Sa-nofi-Aventis, Genzyme chairman and CEO Henri A Termeer said the board unanimously rejected the offer. He
      Reuters; AP; REUTERS  -  633 words
    • 199 26 Reuters [SYDNEY] Equal pay for men and women remains a pipe dream in Australia with a report yesterday showing the pay gap between the sexes is wider now than 30 years ago. The report by KPMG, commissioned by the non-profit group Diversity Council
      Reuters  -  199 words
  • Page 26 Advertisements
    • 165 26 Pulses September issue OUT NOW! r IT o 9? h PEOPl£ II III How will the fallout from the Deepwater Horizon rig disaster affect the offshore industry? Broadway Industrial Group: Does solid state drives present an immediate risk to the company's business? What is Roxy-Pacific Holdings' main concern? America: surprisingly
      165 words

  • WORLD
    • 682 27  -  F1 COMMENTARY By STEVE SLATER The writer is an F1 race commentator on STAR Sports’ coverage of the F1 ALTHOUGH none of the top three drivers had a perfect race in a dramatic and inci-dent-packed Belgian Grand Prix, they all kept their cool as
      682 words
    • 686 27 Low key movie Temple Grandin grabs top honours EMMYS Reuters [LOS ANGELES] HBO again grabbed the most prizes at the Prime time Emmy Awards on Sunday, but the premium cable network’s little TV movie Temple Grandin stole the thunder of its US$200
      Reuters; PHOTOS: REUTERS  -  686 words
    • 508 27 Company owns up partial responsibility for blowout: source Bloomberg [LONDON] BP plc’s internal investigation of the Deepwater Horizon rig disaster pins some of the blame on the company for mistakes made when finishing the oil well, including misreading pressure data that indicated a
      Bloomberg  -  508 words
    • 670 27 Bloomberg [NEW YORK] Last year, billionaire fund manager Stanley F Druckenmiller shifted US$700 million of his own money to his family foundation. Before the transfer, the foundation had assets of about US$6.5 million. Transferring a quarter of his reported net worth to the
      Bloomberg  -  670 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 177 28 C a V V 4 S A \xete $\W W ute a V.e uP A A^e^ C et^edoc U0^ et \Y\e usU n d\oo^ 0 \det d^ a aV T n u\ tYve va i a \Y\ex s\tvce Q\i e utet vno 1 Dt WW ftlC^' 3^ a Tac°° 1$
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  • AVIATION
    • 726 29 RM997m project, to be ready in 2012, can handle 30m passengers a year Xinhua Reuters [KUALA LUMPUR] Malaysia started the construction of its new low-cost carrier terminal (LCCT) in Sepang, Selangor. The ground-breaking ceremony of the LCCT, to be named Kuala Lumpur International Airport
      Xinhua; Reuters; AP  -  726 words
    • 333 29 AFP [BEIJING] China has set up a special task force bringing together officials from six different government agencies to investigate a plane crash last week that killed 42 people, state media reported yesterday. The team, which includes personnel from the work
      AFP  -  333 words
    • 264 29 Reuters [DHAKA] Bangladesh on Sunday approved plans for a new international airport near Dhaka to be completed by 2013, officials said. The US$7.2 billion Sheikh Mujibur Rahman airport, named after the Bangladesh independence leader, will have two runways with provision for a third and will
      Reuters  -  264 words
    • 2978 29 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 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 0025
      2,978 words
    • 3366 30 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.
      3,366 words
    • 138 29 Xinhua [MANILA] The Philippines’ Cebu Pacific (CEB) will start flying to Beijing early next month, the airline said yesterday. The Manila-Bei-jing-Manila route is CEB’s 16th international destination and will be launched on Sept 5, it said. CEB’s thrice weekly serv- ice will depart Manila
      Xinhua  -  138 words
    • 155 29 Xinhua [KIEV] The international airport of the eastern Ukrainian city of Kharkiv opened a new modern terminal on Saturday in order to meet UEFA’s demands and provide world-class facilities for Euro 2012. The opening ceremony was attended by Ukrainian President Viktor Yanukovych, government officials
      Xinhua  -  155 words
  • Page 29 Miscellaneous
    • 341 29 CRYPTIC CROSSWORD Across 1 Deposit now empty and being redeveloped (4,7) 9 Stationery article found in the Telegraph magazine? (5,4) 10 Supplement for modern-day university teacher (3-2) 11 Noise that might disturb quiet stream (6) 12 Restricts dog ends (8) 13 Put a lower value on degree in seed production
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  • Page 30 Advertisements
    • 34 30 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 327 THE BUSINESS TIMES inc DU3IIMC33 IIIVIC3 SHIPPING TIMES
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  • SHIPPING
    • 516 31 It intends to call international tender to order 3 tankers of 80,000dwt in Sept Reuters [JAKARTA] Indonesia’s state oil and gas firm Pertamina said yesterday it plans to spend US$600 million on new oil tankers in the next three years to upgrade
      Reuters  -  516 words
    • 280 31 SGX '000 Aug 30 S$ +/-Vol CH Offshore 0.51 -0.01 211 Chuan Hup Hldg 0 M$ +/-Vol .26 0.01 24 ses Cosco Corp 1.55 0.01 7352 CWT Ltd 0.92 unch 689 Ezra Hldgs 1.77 0.02 5061 First Ship Lea 0.40 unch 167 Freight Links 0.06 unch 2465 Grand
      280 words
    • 282 31 It partners Aitken Spence in sole bid to build terminal Bloomberg [COLOMBO] China Merchants Holdings (International) Co and Aitken Spence Co are likely to win a contract to build a US$500 million terminal in Sri Lanka’s Colombo port, according to the island nation’s
      Bloomberg  -  282 words
    • 269 31 AFP [LONDON] Japanese, EU and NATO forces cooperated on Sunday to intercept pirates who were preparing to attack ships in the Gulf of Aden, the NATO counter-piracy task force said. A Japanese Maritime Self Defence aircraft spotted a pirate skiff with seven suspected pirates on
      AFP  -  269 words
  • Page 31 Advertisements
    • 27 31 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
      27 words
    • 170 31 We care, we provide. SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that
      170 words

  • EDITORIAL & OPINION
    • 517 32 EDITORIAL INDIA’S electric power plans should receive a push with the Lower House of Parliament approving a civil nuclear liability bill last week. The bill’s passage in the Upper House is assured. The measure comes two years after former US president George Bush
      517 words
    • 812 32  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THERE have been few acts by the Indian government in recent months that have given rise to as many misgivings as its attempt to push through the
      812 words
    • 1018 32  -  With the positive mindset of the region’s leaders, 2015 is an achievable target MALMINDERJIT SINGH Correspondent The writer was formerly with the ASEAN Desk at the Trade Division of the Ministry of Trade and Industry, Singapore Asean economic ministers met last week in Vietnam
      REUTERS  -  1,018 words
    • 686 33  -  His all-time high popularity rating has tumbled amid doubts about his ability to govern this crisis-prone nation AL LABITA Manila Correspondent THAT bloody hostage drama last week in Manila has damaged the political fortunes of Philippine president Benigno Aquino. His all-time high popularity
      AFP  -  686 words
    • 650 33  -  RONNIE LIM Energy Editor CONSTRUCTION of the long-delayed $1.2 billion Island Power project here will start in the first quarter of next year, India’s GMR Infrastructure announced yesterday, following its signing of an EPC (engineering, procurement and construction) deal with
      650 words
    • 213 33  -  LETTERS TO THE EDITOR Denis Distant I REFER to the letter “Turn off that phone, man!” from David Mason (BT, Aug 28) and am surprised that his attitude has not changed after 15 years. There was a time when the bank I worked for had a
      213 words
    • 290 33  -  Narayana Narayana IN February, SingPost announced that, effective May 15, delivery and collection on Saturdays of what is now facetiously termed as “snail mail” would stop. The rationale trotted out to the public was that apparently “new communication tools have contributed to a decline in
      290 words


  • SINGAPORE STOCKS
    • 8976 34 Transaction date: Aug 30 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 20.5 13 3148 8Telecom 18.5 unch 50 18.5 18.5 18 18.5 1.7 9.8 5.9 88.6 12 6 5834
      8,976 words
    • 1738 35 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 4.5 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 194 178 188 115.1 4 0.5
      1,738 words
    • 9375 35 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ 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 0.9725/0.9725 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,375 words
    • 797 35 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 $mil 124 107 6389 ABF SG Bond ETF 115 113.2 118 525 919 716 CIMBAsean40 100US$ US919 +3 25 919 919 919 924 36.8 306
      797 words
    • 255 35 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 $mil 56 36.5 6000 AVJennings A44.5cd -0.5 5 44.5 44.5 44.5 48.5 3.6 7.9 3.6 115.9 31.5 16 6017 Genting HK US$ US29 -1.5 *****
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  • FINANCE & COMMODITIES
    • 374 36 In local curr In S$ In US$ dy yr dy yr dy yr Aug 27 Index Change Change Change Change Change Change World Index Preliminary 783.1 0.9 -5.9 0.7 -10.3 0.8 -7.1 EAFE Preliminary 728.0 0.8 -7.2 0.5 -12.8 0.5 -9.7 Europe Preliminary 1061.4 0.8
      374 words
    • 182 36 Aug 30 $S Offer Bid Overnight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.35 0.25 1 month 0.49 0.29 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
      182 words
    • 22 36 Aug 30 S$ Bid Offer 1-month 1.3532 1.3542 2-months 1.3532 1.3542 3-months 1.3532 1.3542 6-months 1.3528 1.3539 Source: OCBC
      22 words
    • 142 36 Aug 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 345.9 341.9 341.9 39 Oct 10 343.0 342.5 342.5 19 Nov 10 342.1 342.0 342.1 24 Dec 10 342.0 342.0 342.5 10 Jan 11 342.5 Feb 11
      142 words
    • 90 36 Aug 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 02.12.2010 0.28 0.24 0.24 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 104.23 104.25 104.25 5-Year N*****0N 1.375 01.10.2014 102.69
      90 words
    • 105 36 Aug 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1022.00 1013.00 1024.75 1013.25 Nov 10 1026.00 1014.50 1029.50 1014.00 Jan 11 1034.25 1022.25 1037.75 1022.25 Mar 11 1038.75 1026.00 1041.00 1026.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 40.20 39.49 40.27
      105 words
    • 77 36 CRUDE OIL PRODUCTS Aug 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.67 0.61 WTI (Near Mth) 75.27 1.89 Dubai (1-Mth F) 73.08 0.64 Tapis blend 79.95 0.55 Minas 74.95 0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.33 0.72 Jet Kerosene 84.95 0.55 US$/barrel Opec Oil
      77 words
    • 2410 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 38.5 1 150 -3 5.04 45 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86 18 6168 Asia Water Tech W*****8 4.5 0.5 402 1
      2,410 words
    • 133 36 Aug 30 As at 9am Aug Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2090 1.2450 Can dollar 1.2810 1.2970 Euro 1.7140 1.7340 NZ dollar 0.9540 0.9750 Sterling pound 2.0890 2.1140 US dollar 1.3450 1.3600 Local dollars to 100 units of
      133 words
    • 27 36 Aug 30 Open High Sett STI Aug 2957 SIMSCI Aug 345.8 349.9 348.5 Taiwan Aug 272.1 276.6 273.9 Source: MF Global (S) Pte. Ltd
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    • 66 36 Aug 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2716 2720 2720 2710 189 2911 Oct 10 2658 2615 2658 2603 1443 ***** Nov 10 2580 2570 2585 2550 7921 ***** Dec 10 2575 2562
      66 words
    • 418 36 Aug 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6875 0 1062 Dec10 99.5900 0 2784 Mar11 99.5350 0 2613 Jun11 99.4350 0 1954 EUROYEN TIBOR FUTURES Sep10 99.6500 0 3745 Dec10 99.6850 14 1867 Mar11 99.7000 65 2043 Jun11 99.7275 1 2885 Sep11 99.7300
      418 words
    • 464 36 Aug 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 6.120 0.706 6.999 42.140 81.148 0.766 10.728 2.823 1.265 76.830 40.471 1.218 6.567 0.926 28.811 28.137 0.578 0.900 Canada 1.060 6.488
      464 words
    • 85 36 Aug 30 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 36 Aug 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2172 1.2185 0.8995 0.8998 Canadian dollar 1.2902 1.2919 0.9535 0.9540 Euro 1.7234 1.7254 1.2736 1.2741 NZ dollar 0.9621 0.9632 0.7110 0.7113 Sterling pound 2.1075 2.1096 1.5574 1.5578
      154 words
    • 137 36 Aug 30 GOLD (US$/oz) Aug 27 Aug 30 Hong Kong 1235.70 1237.10 Aug 26 Aug 27 London 1239.05 1241.00 1239.55 1241.70 Source: Thomson Reuters CAST BAR Aug 30 (S$) Selling Buying Kilobar 57,655.88 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129.47 54 5gm 367.01 269 10gm 654.84
      137 words
    • 71 36 Aug 27 Aug 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2044.75 2012.25 3 months 2058.00 2023.00 Copper, Grade A (US$/tonne) Cash 7447.25 7291.50 3 months 7459.00 7304.50 Lead (US$/tonne) Cash 2064.50 2000.00 3 months 2090.00 2025.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 82 36 Aug 27 COCOA (£/tonne) Close Prev High/Low Sep 10 1981 2023 2033/1981 Dec 10 1931 1945 1961/1929 Mar 11 1943 1957 1973/1940 May 11 1955 1970 1985/1953 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1597 1563 1621/1548 Nov 10 1637 1597 1661/1583 Jan 11 1653 1613 1677/1600 Mar 11
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  • PROPERTY
    • 610 37 Long-term prospects outweigh current price volatility, says the company Bloomberg [TOKYO] Mitsui Fudosan Co, Japan’s largest developer, plans to open more shopping centres in China as the company bets consumer spending will spur demand even as the government attempts to cool
      Bloomberg  -  610 words
    • 392 37 Bloomberg [LONDON] UK home values dropped in August by the most in 16 months as the housing market endured a “modest re-pricing” that is likely to last as long as a year, Hometrack Ltd said. The average cost of a home
      Bloomberg; BLOOMBERG  -  392 words
    • 749 37 50-year old law to ensure egalitarian living is abused AFP [STOCKHOLM] A charming one-bedroom apartment in what may be Stockholm’s trendiest neighbourhood for a mere 410 rent-control-led euros (S$708) a month: sound too good to be true? It is. And the catch was steep.
      AFP  -  749 words
    • 685 38 Move shows govt won’t let property market slump further: analyst Bloomberg [SEOUL] South Korea will ease mortgage lending rules and extend tax breaks to encourage buyers back to the property market after home sales slumped to the lowest level in almost
      Bloomberg; BLOOMBERG  -  685 words
    • 355 38 AFP [HONG KONG] Agricultural Bank of China said yesterday that it has temporarily suspended property market loans to counter a surge in real-estate lending, but insisted the country’s property sector was “healthy”. AgBank stopped giving mortgages between Aug 24 and Aug 31 “to ensure an
      AFP; REUTERS  -  355 words
    • 385 38 Bernama [KUALA LUMPUR] The property sector is likely to be downgraded if Bank Negara Malaysia imposes a lower mortgage loan-to-val-ue ratio (LVR), says Kenanga Research. Bank Negara is reported to have written to financial institutions to secure feedback on the possibility of
      Bernama  -  385 words
    • 402 38  -  By LYNN KAN THE number of payment dispute cases between building contractors and sub-con-tractors soared last year on the back of the property and construction boom. 169 cases were lodged with the Singapore Mediation Centre (SMC), the body that administers the adjudication process,
      402 words
    • 219 38  - Subsidiary of RoxyPacific buys Bukit Timah site By FELDA CHAY AN associated firm of Roxy-Pacific Holdings has bought the freehold Toh Tuck Apartment site for $33.9 million. Mequity, which is 45 per cent owned by Roxy-Pacific’s wholly owned subsidiary Roxy Land, will finance the purchase internally and through bank borrowings.
      219 words
  • Page 37 Advertisements
    • 132 37 Stevens MRT ABSubject Site Sites at Robin Drive 200m to Stevens MRT Dist. 10, Robin Court adjoining plot Land 40,518 sf, GPR 1.4 5-sty; FH Less than 200m to Stevens MRT Station Within 1km to SCGS ACS (Barker Rd) 6227 6066Tender Closing on16 September 2010 (Thur), 2.30pmPotential for 60 apts
      132 words
    • 51 37 Goldbell Towers Fully fitted offices for Lease 51,000 sf (sub-divisible to 4,500 sf) Regular floor plate of 9,343 sf per floor Excellent move in condition with fully fittedmeetingrooms,managerialoffices open concept work space Raised flooring full height windows Sheltered access to Newton MRT Attractively priced. Available 1Q 2011 Business Space 6293
      51 words
    • 138 37 Elevated site at Pasir Panjang Less than 100m from MRT Subject Site Dist. 5, corner of Balmeg Hill; Seaview Land 28,263 sf, GPR 1.4 5-sty; 999,999 yrs Less than 100m to Haw Par Villa MRT Educational research institutions nearby 6227 6066Tender Closing on3 September 2010 (Thur), 2.30pmentialfor40aptsofaverage1,000s Tender Closing onr40aptsofavera
      138 words

  • Page 38 Advertisements
    • 417 38 The NUS Institute of Real Estate Studies (IRES) INVITES YOU! 2011 Will Asian Property Markets Crash Economic Recovery? The NUS-IRES Forum (Supported By SINGAPORE INTERNATIONAL CHAMBER OF COMMERCE) The Jurong Room, Shangri-La Hotel, Singapore, 22 Orange Grove Road, S’pore *****0 16 September (Thursday), 9am 2pm You Cannot Miss This! For
      417 words