The Business Times, 5 August 2011

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Microfilm: NL31591
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S$\ A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, August 5,2011
    23 words
  • Article
    Lock icon Banks ease up on hiring despite hype
    838 1  -  S’pore branches sound bullish but investment banking recruitment slows By LYNN KAN [SINGAPORE] Several global banks have announced job cuts, but their Singapore branches say they are still expanding. Dig deeper, however, and the picture gets fuzzier. Recruiters have told BT there are
    838 words
  • Article
    Lock icon Double-dip fears return to haunt the markets
    872 1  -  Harvard professor sees 50% chance of recession in the US; growth may slow in Europe and Asia By NEIL BEHRMANN in London GLOBAL equity markets lurched sharply lower yesterday as fears mount that the US and Europe could be hit by a double-dip
    872 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 3,107.01 (-23.33) H ST INDEX FUTURES 3,076 (-24) H SIMSCI 360.21 (-2.89) H SIMSCI FUTURES 355.30 (-3.30) FOREX US$ S$ US$ (S$ per US$) 1.212 (US$/S$ per 1.636 1.983 EURO (US$/S$/E) 1.426 1.729 Foreign currency per US$ S$ YEN 79.90 65.90 RM 2.982 2.460 HK$ 7.799
    144 words
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  • TOP STORIES
    • Article
      Lock icon Japan’s twin actions help bring soaring yen down
      775 2  -  Its intervention in forex markets and monetary easing also push stock prices up B y ANTHONY ROWLEY in Tokyo JAPAN yesterday intervened in foreign exchange markets, responding to pleas for help from exporters who are being strangled by a high yen just
      775 words
    • Article, Illustration
      Lock icon NTUC breaks tradition in backing of candidates
      575 2  -  PRESIDENTIAL ELECTION 2011 By LEE U-WEN [SINGAPORE] In a break from tradition, the National Trades Union Congress (NTUC) will allow each of its 60 affiliated unions to independently decide which presidential candidate to endorse for the upcoming election. This is all part of
      DESMOND WEE/THE STRAITS TIMES  -  575 words
    • Article
      Lock icon URA fine-tuning rules for developers after feedback
      616 2  -  New home marketing rules slated for yearend implementation By EMILYN YAP [SINGAPORE] A set of new rules which will affect the way developers market residential projects and the information they share could kick in by year-end, after the Urban Redevelopment Authority (URA) received
      616 words
    • Article
      Lock icon PM’s National Day Rally speech on Aug 14 at UCC
      165 2 [SINGAPORE] Prime Minister Lee Hsien Loong will deliver this year’s National Day Rally speech on Sunday, Aug 14, at the National University of Singapore’s University Cultural Centre (UCC). He is scheduled to speak first in Malay and Mandarin at 6.45pm,
      165 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      553 2 Double-dip fears return to haunt the markets GLOBAL equity markets lurched lower yesterday on trader fears that the US and Europe will experience a double-dip recession next year accompanied by a sharp slowdown in Asia and other emerging markets. The Dow opened weak yesterday while the FTSE was
      553 words
    • Article, Illustration
      Lock icon Tiger will continue to prowl in Australia
      775 4  -  It posts $20.6m Q1 loss on fuel costs, higher tax expense, flight disruptions By VEN SREENIVASAN [SINGAPORE] Tiger Airways remains committed to Australia despite losing more than S$10 million since its July 1 grounding and facing the prospect of several more weeks of
      AFP  -  775 words
    • Article
      Lock icon S’pore has to grow productivity to boost wages: US economist
      611 4  -  Focus on productivity is in the right direction By LYNN KAN [SINGAPORE] While the US needs to mind its debt levels to revive growth, Singapore’s economic trajectory depends on productivity and real wage growth. Stanford University professor Edward Lazear said
      611 words
    • Article
      Lock icon Due diligence key to staying within UK’s bribery law
      367 4  -  By EMILYN YAP [SINGAPORE] Bribes given out by intermediaries and other associated parties not hospitality payments are the real problem that could get companies into trouble with the UK Bribery Act, according to Peter Goldsmith, former attor-ney-general of the UK. This
      367 words
    • Article
      Lock icon Another step on road to regional gas hub
      461 4  -  SLNG awards US$165m contract to build secondary berth at Jurong By RONNIE LIM [SINGAPORE] To inject greater flexibility and provide for future development of Singapore’s $1.7 billion LNG terminal into a regional LNG trading hub, Singapore LNG Corporation (SLNG) has awarded an
      461 words
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      64 2 I Hurry Potter and Iho •1*1 Ordoi nt tho Phoenix SE I :]lft y i 'J onjiii m s-s, Live the Ultimate.™ Ultra-Luxe Music Systems I Elite Private Theatres Multizone Music Movie I Lifestyle Theatre Systems OngRadio Control Systems ONG RADIO Est. 1937 176 Orchard Road, The Centerpoint #03-41 Tel
      64 words
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      233 3 SJ THOMSON GRAND O o ABSOLUTE GRANDEUR ABSOLUTE PRESTIGE ABSOLUTE All units in first 3 batches sold out Premium units at below $1,265 psf now available in limited supply Thomson Grand overlooks the illustrious Singapore Island Country Club, commanding unparalleled views of golf courses and greenery. Thomson Grand is magnificence
      233 words
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      231 4 LONGEST WARRANTY! LOWEST PRICES! PROSTAR WHEY PLATINUM SERIES (5LBS) SUPER SHAKER M UP $20.50 CTo Efl Absolutely ■ir:» leak-proof U017 (1.84LBS) UP $178.50 WHEY GOLD K STANDARD I (5LBS) UP $150 DAILY COMPLETE "U FORMULA 5 (180 TABS) UP $59 $26 WHEY SUPREME (5LBS) rvvY 51 RED ZONE (120 CAPLETS)
      231 words
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      44 4 How to get it right the first time July/August issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      44 words
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      408 5 I ,< At t: I yf w% 1 /A f m 4a mm id 1 t m n IM a «^sfl y xt I 1 /V SW a a ri? i m i s SKI s inn <11 Jll M ■B II H I m* JK1S? 7" M SMIi 1!
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC Q2 earnings up 15% at $577m
      663 6  -  Net interest margin slides; results below analysts’ expectations By SIOW LI SEN OCBC Bank yesterday posted a 15 per cent rise in sec-ond-quarter net profit to $577 million on strong loan growth and higher fee income from trade related and wealth management activities.
      663 words
    • Article
      Lock icon StarHub Q2 net jumps 34.3% to $78m
      525 6 By WINSTON CHAI STARHUB’S second-quar-ter net profit jumped 34.3 per cent to $78 million, from $58.1 million last year, as operating expenses fell in the absence of premium pay-television content such as the World Cup and Barclays Premier League (BPL). Earnings per share
      525 words
    • Article
      Lock icon Stanchart S’pore’s H1 income tops $1b
      495 6  -  By MICHELLE TAN Standard Chartered Singapore (Stanchart Singapore) posted a record-breaking income of US$1.094 billion for the first-half ended June 30 yesterday, on the back of double-digit customer income growth. This represents a 20 per cent year-on-year rise in the bank’s H1 income, with
      495 words
    • Article
      Lock icon CapitaLand’s Q2 profit jumps 17.4% to $399m
      728 6  -  Revenue rises 25% to $740.4m; EPS goes up to 9.4 cents By FELDA CHAY HIGHER revenue from development projects in Singapore and China helped CapitaLand to record a 17.4 per cent jump in earnings for the second quarter, compared to a year ago.
      728 words
    • Article
      Lock icon Good corp governance starts from top: RSME
      240 6  -  By KELLY TAY GOOD corporate governance practices should never be seen as an additional compliance cost. In fact, high standards of ethics are especially crucial amid an unfavourable economic outlook, said governance, risk and consulting firm RSM Ethos (RSME) yesterday. RSME senior director
      240 words
    • Article
      Lock icon SMRT to add 119 train trips on two lines
      268 6  -  By EMILYN YAP SMRT will be adding 119 train trips each week on the North-South (NS) and East-West (EW) lines to shorten waiting times during non-peak hours on weekdays and Sundays. It will also be extending the peak hour time period
      268 words
    • Article, Illustration
      Lock icon NATIONAL DAY 2011
      224 6 Jointly brought to you by The Business Times and In 46 years, Singapore has become a cosmopolitan city admired by many nations, with its high living standards and world-class infrastructure. With National Day next week, it is an opportune time to celebrate our achievements, and reflect on
      224 words
    • Article, Illustration
      Lock icon Utilities business lifts Sembcorp
      521 8  -  Second-quarter net profit climbs 8.6% to $175.1 million By KELLY TAY SEMBCORP Industries posted an 8.6 per cent increase in second-quarter net profit, from $161.25 million to $175.1 million, on the back of a strong performance from its utilities business sector. The group’s turnover for the
      FILE PHOTO  -  521 words
    • Article
      Lock icon Hyflux net slides 47% in ‘transition’ quarter
      421 8  -  By LYNN KAN DESALINATION player Hyflux recorded a net profit of $14.5 million for the second quarter ended June 30, down 47 per cent from $27.3 million for the corresponding quarter last year. Turnover shrank 21 per cent to $111.1 million from $140.4
      421 words
    • Article
      Lock icon Keppel wins contracts worth $146m
      216 8  -  By JOYCE HOOI KEPPEL Shipyard Ltd a unit of Keppel Offshore Marine Ltd has won two contracts worth a total of $146 million, it announced yesterday. The first contract was awarded by Single Buoy Moorings Inc (SBM) for the conversion of the very large crude
      216 words
    • Article
      Lock icon PLife Reit’s Q2 DPU rises 13.4%; revenue up 14.1%
      399 8  -  By NISHA RAMCHANDANI PARKWAY Life Real Estate Investment Trust (PLife Reit) posted a 13.4 per cent rise year on year in distribution per unit (DPU) to 2.37 cents for the second quarter ended June 30. Gross revenue strengthened 14.1 per cent
      399 words
    • Article
      Lock icon Venture Q2 profit falls 8.4%
      379 12  -  Revenue dips 3.7% as greenback weakens; 6.7% net margin still within target band By LYNETTE KHOO VENTURE Corp’s net profit for the second quarter ended June 30 slipped 8.4 per cent from a year ago to $42 million as revenue fell on the back of
      379 words
    • Article, Illustration
      Lock icon Riverstone expects stronger H2 than H1
      478 12  -  By MINDYTAN DESPITE the challenging environment, Riverstone Holdings remains optimistic about achieving higher profits for the second half than in the first. This sentiment is bolstered by expected stronger demand for cleanroom gloves and sustained demand for healthcare products, supported by higher production volume
      478 words
    • Article
      Lock icon SPH donates $400,000 to 20 charities
      344 12  -  By DICKSON LI WHEN 82-year-old Osman bin Ameng was admitted to the AWWA Community Home, all he had in savings was a balance of $902.07. Homeless and in poor health, the AWWA Community Home waived his programme fees and provided him with a monthly
      344 words
    • Article, Illustration
      Lock icon Developing Software for the Nation’s Budget
      708 12 A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR This year, a major groundbreaking project is commencing in 27 Malaysian government ministries. Known as Budget Online, it is an online system for out-come-based budgeting, and it involves a full process of top-down planning, bottomup budgeting,
      708 words
    • Article
      Lock icon Rotary Q2 earnings down 26%
      474 12  -  By STEPHANIE RIADY ROTARY Engineering reported a second-quarter net profit of $10.2 million, down 26 per cent from $13.7 million one year ago. This brings its net profit for the six months ended June 30 to $15.5 million, a 44 per cent drop from the
      474 words
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      171 8 CONGRATULATING AQUAMARINE ON ITS HALAL CERTIFICATION w t't (fcli S -1 Ji:Y L Iff" ;-®W. L W A TASTE OF INDONESIA aquamarine 31 JULY-29 AUGUST 2011 Halal-certified food stations V h A To celebrate this achievement, we have flown in guest Chefs from the famed Hotel Borobudur, Jakarta to serve
      171 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI falls for third straight session
      597 10  -  Index’s 23-point drop brings three-day loss on US and European concerns to 108 points STOCKS R SIVANITHY Senior Correspondent NEGATIVE economic signals and expectations of more selling to come in Western markets were the main drags on sentiment here yesterday, resulting in the Straits
      Source: Bloomberg  -  597 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 10 Aug 4 VALUE CLOSE BT OB/OS -288.00-194.00 BT CADI -*****.00-145.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 716.54 -6.73 FTSE ST Small Cap 504.32 -4.18 FTSE ST All Share 753.84 -5.91 FTSE ST China Top 240.06 -2.58 FTSE ST China 283.43 -1.18 FTSE ST Catalist
      64 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 10 VOLUME HPH Trust US$ 64,300,000 Equation 50,745,000 Noble Grp 48,106,000 Golden Agri 44,560,000 Genting SP 44,151,000 Kyodo-All 35,372,000 SingTel 34,263,000 Cosco Corp 29,610,000 Yangzijiang 27,456,000 Vallianz Hldgs 24,697,000 VALUE($) SingTel 114,374,920 SIA 90,262,710 Noble Grp 84,364,030 Genting SP 82,715,500 OCBC Bk 78,991,179 DBS Grp 70,407,150 HPH Trust
      61 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 0 0 3 10 3 Manufacturing 38 75 43 7 8 6 45 83 49 Commerce 12 25 17 3 6 1 15 31 18 Tpt/Stor/Comms 7 26 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon PEC
        374 10 Aug 4 close: $1.01 OCBC Investment Research, Aug 4 PEC Ltd provides engineering, project management and maintenance services to the oil and gas, petrochemical and pharmaceutical industries through its two main operating segments: project works (FY2010: 73 per cent of total revenue) and maintenance services (FY2010: 27 per cent).
        Source: Bloomberg  -  374 words
      • Article, Illustration
        Lock icon Yangzijiang Shipbuilding
        374 10  -  Compiled by JOYCE HOOI Aug 4 close: $1.33 Kim Eng Research, Aug 4 YANGZIJIANG Shipbuilding saw its share price retreating by more than 6 per cent this week after its peer, Cosco Corp, dropped a bombshell on investors when it announced much weaker-than-expected Q2 2011 results. Share price
        Source: Bloomberg  -  374 words
      • Article
        Lock icon Glossary:
        137 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        137 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,423 25,423 77,390 77,390 Manufacturing 225,195 74,529 299,724 192,708 2,258 194,966 Commerce 82,886 32,909 115,795 154,389 2,484 156,873 Tpt/Stor/Comms 212,771 4,063 216,834 385,828 494 386,321 Finance 20,609 726 21,335 220,400 157 220,557 Construction 45,803 13,857
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 10 Stock name Close Change CapMallsAsia 1.330 -0.005 CapitaLand 2.800 CapitaMall 1.900 +0.010 CityDev 10.310 -0.230 ComfortDelGro 1.395 -0.020 DBS Grp 15.130 +0.030 F&N 5.840 -0.100 GLP 1.990 +0.050 Genting SP 1.855 -0.015 Golden Agri 0.710 -0.010 HK Land 6.800 JMH 53.560 -0.440 JSH 31.040 -0.330 Jardine
      111 words
    • Article, Illustration
      Lock icon Ringgit, Sing$ lead slide in Asian units
      468 10 CURRENCIES Bloomberg [BANGKOK] Asian currencies dropped yesterday, led by Malaysia’s ringgit and the Singapore dollar, on concern that regional central banks will intervene to stem gains that may hurt exports as Japan sold the yen for the first time since March. Japanese Finance
      Bloomberg; ST FILE PHOTO  -  468 words
    • Article
      Lock icon RISES
      114 10 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 544.0 2.3 IS S&P500 ***** 89.7 0.6 DBXT E50 10US$ 4061 82.4 1.7 DBS Bk 4.7% NCPS 100 ***** 70.0 0.7 DBXT Nifty 10US$ ***** 61.8 0.4 DBXT MSEurope 10US$ 4562 46.0 0.8 DairyFarm 888 33.9 3.3 DBXT FTVietnam 10US$ 2585
      114 words
    • Article
      Lock icon FALLS
      120 10 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6013-156.3 -2.1 GLD 10US$ *****-107.8 -0.5 DBXT SPASX200 10US$ 3324-103.0 -2.5 UOB.ES.1108 1995 -90.0 -4.3 STXPO 100 850 -65.0 -7.1 DBXT MSAsExJp 10US$ 3300 -64.2 -1.6 JMH 5356 -53.3 -0.8 DBXT FTChina25 10US$ 2995 -44.8 -1.2 DBXT iBoxxKR 5US$ ***** -43.6 -0.3
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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      146 11 THE STRAITS TIMES Print. .SXBA 1 m 4 Online. 'n. v-,-i r- m r i v mx'd < <i Now, your favourite paper comes App that brings you in a new ST the full print edition*. st Free Trial Valid from now till 7 Sept 2011 Download at App store
      146 words
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      30 12 w lii' m -sr.QMS Bungalow D11 JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
      30 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Decision on gas market could come in a year
      610 13  -  Liberalisation will be costly, requiring conversion of appliances, pipelines By RONNIE LIM THE decision whether to liberalise Singapore’s town gas market which was supposed to have been made by last year could now come 12 months down the road, sources tell
      610 words
    • Article
      Lock icon Younger S’poreans more likely to job hop
      532 13  -  Poll shows higher pay is top factor driving career switch By MINDY TAN YOUNGER Singaporeans are more likely to switch careers within the next five years, especially those from the government, engineering, and information technology sectors. According to HR firm Kelly Services, 60
      532 words
    • Article
      Lock icon Bancassurance drives H1 sales of LIA members 38% higher
      285 13  -  By NICHOLAS YEO THE life insurance industry has generated a 38 per cent jump in sales in the first half of the year. According to the Life Insurance Association, Singapore (LIA), the industry registered total sales of $941.5 million, against $681.2
      285 words
    • Article
      Lock icon Iswaran calls for acceleration in Asean energy security
      421 14  -  But he concedes that greater regional connectivity cannot be done overnight By TEH SHI NING THE case for regional energy cooperation is stronger than ever and Asean must move faster to ensure energy security, Minister in the Prime Minister’s Office S Iswaran
      421 words
    • Article
      Lock icon ‘Perfect storm of economic woes’ possible
      562 14  -  And my advice to govt as president could help: Tony Tan By LEE U-WEN THERE is a chance that the world could experience a “perfect storm of economic problems” that would affect the global economy, including Asia and Singapore, says former deputy prime minister
      562 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon BMW Asia co-sponsors Stanchart marathon
        80 14 BMW Asia yesterday announced its inaugural co-sponsorship of the Standard Chartered Marathon Singapore 2011. Full and half marathon runners now stand a chance to win a BMW X1 sDrive 18i by joining Team BMW. They will also be eligible for running clinics conducted by expert
        80 words
      • Article
        Lock icon ACCA, SIAS run financial literacy class
        72 14 THE Association of Chartered Certified Accountants (ACCA) and the Securities Investors Association Singapore are collaborating to educate polytechnic students on managing their personal finances. Recently, 75 Singapore Polytechnic business students attended a three-hour session as part of the SIAS-ACCA Financial Literacy Workshop, which acquainted
        72 words
    • Article
      Lock icon Around the World with the Frontken Group
      668 14 A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR Singapore. Malaysia. Thailand. Philippines. Taiwan. China. Indonesia. And most recently, Qatar. This is the geographic spread of the Frontken Group, SoutheastAsia’sleadingregionalsurface engineering company. Founded in 1996 with just 12 staff, Frontken is today a major
      668 words
    • Article, Illustration
      Lock icon Grand Tower fetches $1,376 psf ppr
      324 14 GRAND Tower at Moulmein Rise has been sold through a collective sale for $88.5 million or about $1,376 per square foot of potential gross floor area. No development charge is payable. The buyer is 27MR Pte Ltd, a fully-owned unit of boutique developer New
      324 words
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      Lock icon Page 13 Advertisements Column 1
      159 13 MARKET PLACEI A Whole New Supermarket Experience C CANADA s SCARLET Irresistibly delightful, these large cherries burst in your mouth with plump lusciousness. Hurry down to Market Place for Canadian's new season pride today! MEET THE GROWERS Discover and learn about cherries with Laura Emily Geen of Jealous Fruits. Paragon
      159 words
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      Lock icon Page 13 Advertisements Column 2
      25 13 o 2nd item m /c 25% L 1st item voucr Gl\| .Singapor^g^, a V with You! 1 t 6281 5688 or 6757 4403 y www.gnc.com.sg
      25 words
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      89 14 FRANCISTAN6100-8858CEA Reg. R*****4H LicNo:L*****87F CEA Reg. R*****4H OEI TIONG HAM *****sqft. Beautiful, privacy SWISS CLUB *****sqft. Good buy, serene surroundings THIRD AVE *****sqft. Urgent VICTORIA PARK *****sqft. 2 bungalows. Urgent WINDSOR *****sqft. Priced to sell, beautiful, move-in cond YARWOOD *****sqft. Sub-divide PRIME BUY Lic No: R*****5Z BINJAI ***** *****sqft. Best
      89 words
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  • ECONOMY WATCH
    • Article
      Lock icon US is now among highly indebted nations
      353 15 New borrowing takes total public debt to US$14.58t, over 2010 GDP of US$14.53t AFP [WASHINGTON] US gross debt shot up US$238 billion to reach 100 per cent of gross domestic product (GDP) after the government’s debt ceiling was lifted, Treasury figures showed on
      AFP  -  353 words
    • Article, Illustration
      Lock icon Investors turn to Swiss franc on worries over US dollar
      725 15 But, the Swiss are unhappy; authorities will take steps to curb the franc’s rise NYT [GENEVA] The almighty dollar used to be the world’s safest refuge in times of trouble. But what do you do when you are worried about
      NYT; REUTERS  -  725 words
    • Article
      Lock icon US$4b Iranian cash trapped in Korean banks due to sanctions
      444 15 Reuters [SEOUL] Iran could have nearly US$5 billion of cash trapped in South Korea by the end of the year as sanctions stop it repatriating money from oil sales, Korean government sources with direct knowledge of the situation told Reuters
      Reuters  -  444 words
    • Article
      Lock icon CEOs in the US less confident about 2nd half
      423 15 Survey shows they are more cautious, not pessimistic Bloomberg [WASHINGTON] Confidence among US chief executive officers waned at the start of the third quarter as they anticipated smaller gains in sales, employment and equipment purchases, a private survey showed. The Young
      Bloomberg  -  423 words
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      112 15 -'-L nfv. A J r>? Jh IUm AT* IO y m 7M '/J. < 0 1«t x> .Avi i >Aj5f > r I I y.i'r.y •'.ffiSrtv'ra Ay Tjoe Christine, Samsul Arifin, M. Irfan, Basoeki Abdullah, S. Sudjojono, Affandi, Srihadi Soedarsono, Hendra Gunawan, Lee Man Fong, Alit Sembodo. Dipo Andi, Budi
      112 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Mixed bag of fortunes likely ahead for YTLP
      562 16  -  Maybank rates stock a ‘hold’ from a ‘buy’ amid possibility of waning of dividend By in Kuala PAULINE NG in Kuala Lumpur LOWER fuel costs at Power Seraya are expected to boost YTL Power International’s (YTLP) fourth-quar-ter earnings. However, the increasing capital
      562 words
    • Article
      Lock icon Malaysia posts trade surplus of RM7.6b
      394 16 Total trade amounts to RM107.11b, up 7.5% from last year Bernama [KUALA LUMPUR] Malaysia recorded a trade surplus of RM7.6 billion (S$3.1 billion) in June, making it the 164th consecutive month of trade surplus since November 1997, said International Trade and Industry Minister Mustapa
      Bernama  -  394 words
    • Article, Illustration
      Lock icon New party wants Sri Mulyani to run for president in 2014
      418 16 Reuters [JAKARTA] Indonesia’s Independent People Union (SRI) has applied for government approval as a formal political party to pave the way for ex-finance minister Sri Mulyani Indrawati to run for president in 2014, the party’s chairman said on Wednesday.
      Reuters; REUTERS  -  418 words
    • Article
      Lock icon Malaysian Christians slam Islamic officials for church dinner raid
      276 16 AP [KUALA LUMPUR] Malaysian Christian officials have accused Islamic authorities of unlawfully entering a church and harassing guests at a community dinner. The incident reignited criticism that authorities in the Mus-lim-majority country fail to respect the rights of Christian, Buddhist and
      AP  -  276 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      1198 16 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 5 August 2011 issued by Swing Media Technology
      1,198 words
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      Lock icon Page 16 Advertisements Column 2
      187 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ADVANCED RFIC (S) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****2957H) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section308oftheCompaniesAct,Cap. 50, that the FINAL MEETING of the members of the abovenamed Company will be held
      187 words
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  • Article
    Lock icon Busy Year, Good Business: S P Setia Bhd
    1308 17 A SPECIAL SERIES BROUGHTTOYOU BY SHAREINVESTOR 2011 is turning out to be a very busy year for top Malaysian property developer S P Setia Bhd. With new all-time sales records, a whole list of major launches, a vigorous landbank acquisition strategy and
    1,308 words
  • Article
    Lock icon Bigger, Better Projects Throughout the Year: Glomac Berhad
    611 17 As 2011 moves into its second half and companies begin planning for 2012, one of the major real estate players in Greater Kuala Lumpur is lining up more than RM3.8 billion of projects scheduled for completion or launch. The Glomac Group which
    611 words
  • Article
    Lock icon High End Growth from Affordable Roots: Hua Yang Berhad
    688 17 Even as luxury developments and high end commercial projects capture the imagination of investors and affluent buyers, one Malaysian property developer is quietly chalking up spectacular financial growth on the strength of a single simple principle: affordability. “Our mission has always
    688 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon HSBC unit gets nod to join Shanghai Futures Exchange
      692 18 Move a sign of further easing to come in China’s gold trading market Reuters [SHANGHAI] HSBC’s China banking unit has obtained regulatory approval for membership of the Shanghai Futures Exchange, becoming the first foreign bank allowed access to the country’s gold
      Reuters; REUTERS  -  692 words
    • Article
      Lock icon Lehman settles claims with HK affiliate’s liquidators
      348 18 Bloomberg [NEW YORK] Lehman Brothers Holdings Inc said it settled US$20 billion of intercompany claims with liquidators for Lehman Hong Kong and won the affiliate’s support for its liquidation plan. Details of the agreement, which is subject to court approval in the United
      Bloomberg  -  348 words
    • Article
      Lock icon Opportunities amid China property lull
      835 18  -  Foreign investors need not flee in face of curbs COMMENTARY By in ZHANG XINMO in Beijing The writer, a commentator based in Beijing, has been a journalist for over 10 years in China and Hong Kong. He writes mostly on China’s economic issues. CHINA’S property
      835 words
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      309 18 s SlK WMBU fifiO m er mm? a? L vV^ i -X w kV M ll iif j* m **-3 VI Si A V, mi i i|'£® <?*+ -v>' X A Nation's Pride and Joy Commemorate 46 brilliant years at Pan Pacific Singapore on 9 August with a high-tea of
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  • WORLD
    • Article
      Lock icon ECB takes fresh steps to calm eurozone markets
      585 19 It moves to keep banks supplied with funds, signals it’s buying govt bonds Reuters [FRANKFURT] The European Central Bank (ECB) acted yesterday to calm eurozone markets and throw a lifeline to Italy and Spain by announcing new steps to keep banks supplied
      Reuters  -  585 words
    • Article
      Lock icon Rich Americans splurge as many others hold their purse strings
      727 19 NYT [NEW YORK] Nordstrom has a waiting list for a Chanel sequined-tweed coat with a US$9,010 price. Neiman Marcus has sold out in almost every size of Christian Louboutin “Bianca” platform pumps, at US$775 a pair. MercedesBenz said it sold
      NYT  -  727 words
    • Article
      Lock icon Italian, Spanish bond yields dip on ECB move
      413 19 Bloomberg [LONDON] Italian and Spanish bond yields fell from 14-year highs after the European Central Bank indicated it has resumed bond purchases and will offer banks more cash to stop the region’s debt crisis from worsening. German bonds halted a nine-day advance
      Bloomberg  -  413 words
    • Article, Illustration
      Lock icon French court orders probe into Lagarde’s role in payout
      426 19 IMF chief received the news calmly and with relief: lawyer Reuters [PARIS] A French court ordered an investigation yesterday into the role of IMF head Christine Lagarde in a huge settlement paid to a businessman friend of President Nicolas Sarkozy when
      Reuters; AFP  -  426 words
    • Article, Illustration
      Lock icon Hitachi, Mitsubishi said to be in merger talks
      553 19  -  But discussions in disarray after leak of potential deal By ANTHONY ROWLEY in Tokyo JAPANESE industrial giants Hitachi and Mitsubishi Heavy Industries (MHI) have agreed to start negotiations on a mega merger that would create one of the world’s biggest infrastructure companies,
      AP  -  553 words
    • Article
      Lock icon Japan to replace 3 top nuclear energy officials
      635 20 Trade minister plans to step down eventually to take responsibility for missteps Reuters [TOKYO] Japan will replace three senior bureaucrats in charge of nuclear power policy, the minister overseeing energy policy said yesterday, five months after the world’s worst atomic crisis in
      Reuters  -  635 words
    • Article, Illustration
      Lock icon WHO’S WHO GRACE BAYREUTH’S 100th FESTIVAL
      153 20 GERMAN Chancellor Angela Merkel and European Central Bank president Jean-Claude Trichet taking a break from Europe’s debt crisis when they joined the throng of ministers and local celebrities on the red carpet at the opening of the Bayreuth Wagner opera festival. The chancellor (left)
      PHOTOS: AFP, AP  -  153 words
    • Article
      Lock icon Goldman sells US$479m ICBC shares for client
      628 20 Structuring a hedge for Amex helped avoid sensitivities Reuters [HONG KONG] When Goldman Sachs executed a US$479 million block share sale in Industrial and Commercial Bank of China Ltd (ICBC) this week to help American Express Inc (Amex) hedge its position in the
      Reuters  -  628 words
    • Article
      Lock icon GM may report profit despite a stalled market
      633 20 Analysts see a Q2 profit of US$1.97b on US$36.7b sales Reuters [DETROIT] General Motors Co (GM) was expected to post a quarterly profit yesterday, demonstrating the largest US carmaker can thrive in a car market that has stalled because of consumer uncertainty
      Reuters  -  633 words
    • Article
      Lock icon Barclays cuts oil demand growth forecasts
      369 20 Reuters [LONDON] Barclays Capital has cut its estimates of world oil demand growth for this year and 2012 to reflect a slower expansion of the global economy, and particularly a slowdown in the US. The investment bank, which has been one of the most
      Reuters  -  369 words
    • Article, Illustration
      Lock icon Korean Wave building up for European storm
      634 21 AFP [SEOUL] South Korea’s pop music industry is eyeing Europe after taking East Asia by storm, with promoters using the power of the Internet to woo distant fans. K-pop over the past decade has established a devoted fan base in China, Japan and
      AFP  -  634 words
    • Article
      Lock icon Rio Tinto’s first half profit rises 35%
      373 21 Booming iron ore sales to China have helped propel underlying profit to US$7.8 billion Reuters [SYDNEY] Global miner Rio Tinto reported a 35 per cent jump in first-half profit yesterday, but it missed market expectations and sweetened the result with a US$2 billion
      Reuters  -  373 words
    • Article
      Lock icon Lloyds Banking in the red
      372 21 It posts £2.3b H1 net loss, against £596m net profit previously AFP [LONDON] Britain’s state-rescued Lloyds Banking Group yesterday reported a first-half net loss of £2.3 billion (S$4.56 billion) after being forced to compensate clients who were mis-sold insurance. LBG, which last month axed 15,000
      AFP  -  372 words
    • Article
      Lock icon Google blasts rivals as patent battle heats up
      537 21 Apple, Microsoft, Oracle accused of colluding to harm its Android system Reuters [LOS ANGELES] Google Inc, fresh from losing a bid to buy thousands of patents from bankrupt Nortel, lashed out at its biggest rivals on Wednesday and accused them of banding
      Reuters  -  537 words
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  • Page 20 Advertisements
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      45 20 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY SPIRI1 Readers tell us what it means to them this National Day I TERRIFIC TAMANNAAH The 21-year-old who is a big hit in Tamil and Telugu films GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      Lock icon Page 20 Advertisements Column 2
      15 20 SINGAPORE 8PM LIVE IN 11 August 2011 WIN EXCLUSIVE TICKETS ON 91.3FM PRESENTED BY www.midaspromotions.com
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      1725 21 BUY IT• SELL IT• FIND IT MATci ir" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES LOST SHARE CERTIFICATE(S) Notice is hereby given that the following share certificates have been reported lost:THE STRAITS TRADING COMPANY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0008D) DBS GROUP HOLDINGS LTD (Incorporated
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      Lock icon Page 21 Advertisements Column 2
      248 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BPC RISK MANAGEMENT SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8163R NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the
      248 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Tough times call for circumspection
      491 22 EDITORIAL THE news is less than encouraging on the economic front. This week, according to the latest Purchasing Managers’ Index (PMI), Singapore’s manufacturing sector shrank for the first time in three quarters. This barometer of industrial activity has been declining, but the lar-ger-than-expected drop from
      491 words
    • Article, Illustration
      Lock icon Lessons from China’s deadly train accident
      750 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE deadly train collision near Wenzhou underlines the incongruous fact that despite China’s soaring economy, vestiges remain of the ultra-left ideology behind the Great Leap
      750 words
    • Article, Illustration
      Lock icon US needs to relook spending on the elderly
      896 22  -  Some of them do live hand-to-mouth, but many more are comfortable and some are rich ROBERT SAMUELSON IF leadership is the capacity to take people where they need to go whether or not they realise it or want it then we’ve had
      AFP  -  896 words
    • Article, Illustration
      Lock icon The global financial rebalancing act
      1454 23  -  A new post-crisis global economy is emerging with its own set of challenges for policymakers to grapple with By ALAN M TAYLOR The writer is a senior adviser at Morgan Sta nley and is joining the economics faculty at the University of Virginia as Souder
      AP  -  1,454 words
    • Article, Illustration
      Lock icon The Greek deal: a stopgap solution at best
      662 23  -  By HUGO DIXON REUTERS BREAKINGVIEWS A DEAL was better than a disaster. But the latest rescue plan for Greece has the astonishing by-product of increasing its debts. It also lets private creditors off lightly while making taxpayers elsewhere in the eurozone pay
      REUTERS  -  662 words
    • Article
      Lock icon What consumers need to know about ILPs
      368 23  -  LETTER TO THE EDITOR Larry Haverkamp Singapore I REFER to the article “Before you take up an ILP” (BT, July 25). BT claims that invest-ment-linked insurance products (ILPs) offer protection at a relatively lower cost”. Relative to what? It’s worth mentioning that the
      368 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Funding delay of FAA worries airport operators
      747 24 Construction project hold-up will endanger airport safety, they warn NYT [WASHINGTON] Airport operators said on Wednesday that a prolonged delay in restoring federal funding for airport construction projects would eventually endanger airport safety and lead to more passenger delays. While airline passengers are
      NYT; AFP  -  747 words
    • Article
      Lock icon Maersk, others seek Asia-US peak-season surcharge
      404 24 Resistance in offing on weak US consumer spending Bloomberg [SINGAPORE] AP Moel-ler-Maersk A/S, owner of the world’s biggest container shipping line, and 14 other carriers will seek a peak-season surcharge two months later than previously scheduled amid weak-er-than-expected demand. The shipping lines will ask
      Bloomberg  -  404 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 24 SGX '000 Aug 4 S$ +/-Vol CH Offshore 0.42 0.01 45 Chuan Hup Hldg 0.25 -0.01 536 Cosco Corp 1.44 -0.05 ***** CWT Ltd 1.26 -0.02 517 Ezra Hldgs 1.18 -0.03 4404 First Ship Lea 0.35 unch 687 Freight Links 0.06 unch 275 Grand Banks 0.37 unch 6
      278 words
    • Article, Illustration
      Lock icon Air France pilots halt cooperation in 2009 crash probe
      543 24 NYT [PARIS] Air France’s largest pilots union suspended cooperation on Wednesday with investigators seeking to identify the causes of a fatal 2009 crash of a Rio de Janeiro-to-Paris flight, in protest of what it said was a decision by investigators to
      NYT; REUTERS  -  543 words
    • Article
      Lock icon Thousands of Afghan-bound boxes stuck at Karachi port
      418 24 Reuters [ISLAMABAD] Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Pakistan’s Karachi port, officials said on Wednesday, in a wrangle over financial guarantees for the goods as part of a transit trade deal brokered by the United States. The
      Reuters  -  418 words
    • Article
      Lock icon American carriers seen standing by their fare hike
      424 24 Reuters [ATLANTA] US airlines are not likely to bow to pressure from the White House and elsewhere to rollback a fare increase facilitated by a Washington political standoff that could net the industry more than US$1 billion in unexpected third-quarter revenue. Analysts
      Reuters  -  424 words
    • Article
      Lock icon SINSPEC and CCSC sign cooperation deal
      128 24 SINSPEC Marine Services Pte Ltd (SINSPEC) a container technical services company based in Singapore has announced the formation of a joint cooperation with the China Classification Society Certification Company (CCSC). Under the terms of the cooperation, both parties will provide each other with classification
      128 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8232 25 Transaction date: Aug 4 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 14.8 13.1 15.4 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 6.6 unch 215 7 6.6 6.6 7.4
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    • Article
      Lock icon SGX CATALIST
      1580 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 20 t 800 Super 20 -0.5 1556 21 20 20 20.5 6.9 35.8 5.5 3.7 t AA Grp 3.7 3.7 3.8 17.6 3.6
      1,580 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10000 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.36/ APS Alpha Fund (USD)!** 1.12/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.68/ Aberdeen Asset Mgt Asia Limited American Opp 0.6014/ Asian Credit Fund
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    • Article
      Lock icon GLOBALQUOTE
      234 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43cd unch 1 43 43 43 47.5 3.6 8.1 3.4 112 55 24.5 Genting HK US$ US42.5 -0.5 ***** 43.5 42 42.5 43 2798.4
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    • Article
      Lock icon SGX ETF
      921 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 +1 7 117 117 117 118 534.1 1207 890 CIMBAsean40 100US$ US1113 +11 7 1115 1113 1089 1105 44.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 3 Index Change Change Change Change Change Change World Index Preliminary 853.4 -1.2 -4.9 -0.9 -7.6 -1.1 -1.9 EAFE Preliminary 727.0 -2.0 -9.2 -1.5 -8.7 -1.7 -3.1 Europe Preliminary 1055.3 -2.0
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Aug 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.07 -2.46 WTI (Near Mth) 91.69 -2.00 Dubai (1-Mth F) 110.04 -0.20 Tapis blend 120.68 -0.13 Minas 116.68 -0.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.11 -0.67 Jet Kerosene 129.80 -0.80 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Aug 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1364.00 1373.00 1374.25 1356.75 Sep 11 1363.75 1370.00 1372.00 1354.50 Nov 11 1373.00 1379.75 1382.25 1364.00 Jan 12 1383.50 1390.25 1392.00 1374.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 56.28
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 27 Aug 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 03.11.2011 0.20 1-Year BY*****X 02.05.2012 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.99 104.03 104.00 5-Year N*****0W 1.125 01.04.2016 102.66 102.95 102.75
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      469 27 Aug 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6300 0 3634 Dec11 99.5200 0 4150 Mar12 99.4800 0 1891 Jun12 99.4500 0 2084 EUROYEN TIBOR FUTURES Sep11 99.6700 99.6700 99.6700 99.6700 0 1374 Dec11 99.6700 99.6700 99.6700 99.6700 0 1478 Mar12 99.6700 99.6700 99.6700
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    • Article
      Lock icon SICOM FUTURES
      142 27 Aug 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 483.0 483.0 483.0 26 393 Oct 11 486.0 486.0 486.0 20 409 Nov 11 489.0 488.0 488.0 30 420 Dec 11 492.0 490.0 490.0 66 537 Jan
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      51 27 As on 3 August 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4332 1.4132 1.4265 1.4221 Aust-US Dollar Sep-11 1.072 1.062 1.0628 1.0779 BASE METALS Copper Cash Sep-11 9703 9536 9546
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Aug 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.261 Can dollar 1.276 1.227 Euro 1.761 1.694 Sterling pound 2.016 1.939 NZ dollar 1.069 1.019 US dollar 1.22 1.174 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Aug 4 Open High Sett STI Aug 3076 SIMSCI Aug 358.9 360.0 355.3 Taiwan Aug 293.1 294.7 287.5 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2337 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 24.5 2 3 1 150 26 5.63 33 ASJ Hldgs W*****1 0.5 1 4 7 8.40 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8
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    • Article
      Lock icon INTERBANK RATES
      177 27 Aug 4 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.12 US$ Offer Bid 7 days 0.26 0.16 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.65 0.45 9 months 0.75 0.55 12
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 27 Aug 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 6.857 0.747 8.307 47.330 90.538 0.851 11.309 3.176 1.251 91.843 45.109 1.291 7.236 0.829 30.831 31.789 0.651 1.065 Canada 0.971 6.659
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    • Article
      Lock icon SIBOR
      85 27 Aug 4 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      138 27 Aug 4 GOLD (US$/oz) Aug 04 Aug 03 Hong Kong 1662.00 1668.60 Aug 03 Aug 02 London 1666.55 1638.99 1667.39 1639.80 Source: Thomson Reuters CAST BAR Aug 04 (S$) Selling Buying Kilobar 68,947.59 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 439 322 10gm 783
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    • Article
      Lock icon LONDON METALS
      70 27 Aug 3 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2496.25 2555.00 3 months 2525.00 2583.00 Copper, Grade A (US$/tonne) Cash 9509.25 9657.00 3 months 9535.00 9680.00 Lead (US$/tonne) Cash 2505.50 2544.00 3 months 2522.00 2561.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Aug 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2902 1.2917 1.0650 1.0653 Canadian dollar 1.2528 1.2545 1.0341 1.0347 Euro 1.7278 1.7296 1.4262 1.4265 NZ dollar 1.0311 1.0324 0.8511 0.8515 Sterling pound 1.9818 1.9838 1.6358 1.6361
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Aug 4 S$ Bid Offer 1-month 1.2114 1.2125 2-months 1.2114 1.2124 3-months 1.2113 1.2123 6-months 1.2103 1.2114 Source: OCBC
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    • Article
      Lock icon PALM OIL
      65 27 Aug 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3182 3170 3182 3170 254 2521 Sep 11 3122 3121 3134 3118 3180 ***** Oct 11 3116 3101 3121 3100 ***** ***** Nov 11 3110 3091
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    • Article
      Lock icon LIFFE
      82 27 Aug 3 COCOA (£/tonne) Close Prev High/Low Sep 11 1836 1854 1859/1835 Dec 11 1864 1884 1888/1861 Mar 12 1882 1899 1904/1880 May 12 1893 1912 1910/1893 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2094 2120 2144/2079 Nov 11 2126 2152 2175/2112 Jan 12 2143 2169 2190/2134 Mar 12
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  • Article
    Lock icon SHIPPING TIMES
    5222 28 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
    5,222 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      41 28 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      41 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      302 30 CRYPTIC CROSSWORD Across 1 Negotiating off-shore traffic (5-7) 9 Salad plant in middle of night shooting up rapidly (9) 10 101 runs then caught by Australian, roughly (5) 11 Decline to lose a prize (6) 12 Rated as befitting celebrity quintet? (4-4) 13 Take off money staff brought in (6)
      302 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Lights! Camera! Tie-ups
      1846 34  -  More filmmakers are realising the reel benefits of joining forces with regional partners to work on co-productions, reports DYLAN TAN reports DYLAN TAN SINGAPORE-BASED actordirector Michael Chua’s new action film, Fist of Dragon, was shot in China and Malaysia and stars a multinational cast including Chinese newcomer
      PHOTO-ILLUSTRATION: MOHD KHAIRIE  -  1,846 words
    • WINE/ARTS
      • Article, Illustration
        Lock icon Charged pulls in the crowds
        458 30  -  By DYLAN TAN THERE’S something to be said about Teater Ekamatra’s sold-out seven-show re-run of award-winning playwright Chong Tze Chien’s Charged at this year’s Man Singapore Theatre Festival. Recipient of Best Script at last year’s The Straits Times Life! Theatre Awards, Wednesday evening’s full house
        TEATER EKAMATRA  -  458 words
      • Article
        Lock icon Fruits of Bordeaux’s loom
        1310 30  -  Incredibly clement climate conditions upped the ante for the Bordeaux 2008 vintages, writes N K YONG writes N K YONG TASTING wines from their birth through various stages in their development and ultimate maturation is always interesting and a great learning experience. It was Andre Simon,
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      • Article, Illustration
        Lock icon Woods spins racy yarn
        575 30  -  By TAN TECK HENG WITH director Glen Goei behind the local production of Steven Sondheim’s popular musical Into the Woods, spectacle is almost a given, considering his saucy interpretation of The Importance of Being Earnest in 2009 with an all-male cast. But contrary to expecta- tions,
        575 words
      • Article, Illustration
        Lock icon Lofty art of lowly drains
        768 30  -  By CHEAH UI-HOON EXPLORATIONS into a drainage system mightsoundlikegutterart,butit’stakenartist Charles Lim on a fast boat to the Venice Film Festival. Lim’s short film, All the Lines Flow Out, has been selected for the 68th Venice Film Festival to be in competition in the Orizzonti (New
        768 words
    • ARTS
      • Article, Illustration
        Lock icon Get high on art
        419 31  -  As we approach Singapore’s birthday this year, there are other visual pyrotechnics to soak in instead of the staple fireworks displays. Art exhibitions are being put on across the country to mark the growth of our nation, be it to celebrate our iconic buildings or turn
        419 words
      • Article, Illustration
        Lock icon The artbeat of a nation
        378 31 BUILDINGSliketheOldSupremeCourtBuilding,Singa-poreArt MuseumandRed Dot Trafficare well-known for their old, yet beautiful architecture, but how many people really know the history of these places and their significance to Singapore’s history? Take, for instance, The Fullerton Hotel, which was originally home to the General Post Office decades ago,
        378 words
      • Article, Illustration
        Lock icon Quirky brush works
        387 31 ART has always been a way of tracking the history of a country, whether of its culture, politics or traditions. And in New Pop New World, the inaugural exhibition of Element Art Space (formerly known as SBin Art Plus), works by artists from the older and younger
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      • Article, Illustration
        Lock icon Slant on painting
        343 31 WHEN walking along the streets of Singapore, not many people take notice of the cleaners who pick up after them, maintaining the country’s clean and green image. But award-winning artist Hong Sek Chern does, and is dedicating her latest series of works to these unsung heroes. Titled
        ART-2 GALLERY  -  343 words
      • Article, Illustration
        Lock icon EDB gets stamp of art approval
        261 31 THE Economic Development Board is 50 years old this year, and to mark its birthday that falls eight days before the nation’s, two new commemorative stamps have been created by prominent local designers. The idea is to “raise awareness of Singapore’s past economic achievements
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      • Article, Illustration
        Lock icon On the ties that blind
        607 31 WHEN you’re so close to each other, it’s not hard to find a common thread binding Singaporeans and Malaysians. So it’s no surprise that Food, Sex Death (right) last Thursday night at The Arts House had no trouble connecting with its Singapore audience. Presented by
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    • MUSIC
      • Article, Illustration
        Lock icon Hit after glorious hit
        621 32  -  The hit-churning folk-pop machine of the 1990s The Cranberries kept the audiences screaming at fever pitch with their anthemic ditties, reviews DYLAN TAN reviews DYLAN TAN REUNION tours tend to be filthy lucre affairs designed to bank on nostalgia and milk (now-older and presumably more affluent)
        HYPE RECORDS  -  621 words
      • Article, Illustration
        Lock icon Softly does it
        717 32  -  CD REVIEWS By CHRISTOPHER LIM IT’S nigh impossible to pin local music down in a sentence, which isagoodthing.Thatdiversity’sap- parentinthisweek’salbums.Theyareallrelatively chilled out, but that’s about the only common denominator. Frontman of Concave Scream, Sean Lam, has released his first solo album under the project name Hanging Up The
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      • Article, Illustration
        Lock icon Livewire Ahn casts vocal spell
        501 32  -  By ENYA LIM FANS of Eurasian singer-songwriter Priscilla Ahn got more than their $98 tickets’ worth when she treated them to a live, intermission-free two hour musical chronology of her career that even included three bonus tracks at her Esplanade concert last week. Looking younger
        PHOTO: JOANNA KWA/GREENHORN PRODUCTIONS  -  501 words
      • Article, Illustration
        Lock icon SCO gets revitalised
        485 32  -  By NATALIE KOH WHENyou’reregardedasatraditional art form not hip enough for a younger generation obsessed with contemporary and pop acts, what do you do? Where the Singapore Chinese Orchestra is concerned, the trick is to reach out to the youth by speaking a language they understand. After 15
        485 words
    • CINEMA/GAMING
      • Article, Illustration
        Lock icon Fie, the bosses from hell
        590 33  -  By GEOFFREY EU IT’S the nightmare scenario we all dread: a superior in the office who gives us a miserable time and turns our working lives into a living hell. But that’s the real world. It’s a different story altogether in Horrible Bosses, where murderous
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      • Article, Illustration
        Lock icon Cashless clash
        476 33  -  GAMING REVIEW By CHRISTOPHER LIM THERE are plenty of distinct game genres but increasingly, there are games like League of Legends that blend several in this case role-playing games (RPGs) and real-time strategy (RTS). League of Legends isn’t new in places like the United States, but it’s a
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      • Article, Illustration
        Lock icon Paws up for simians
        692 33  -  The hairy Planet of the Apes franchise gets a reboot as a standalone origin story but with CGI apes that outclass real actors, says DYLAN TAN DYLAN TAN THERE’S bound to be some monkey business at the box office all over the world this weekend as
        PHOTOS: 20TH CENTURY FOX, AP  -  692 words
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        Lock icon Gulliver’s travails
        423 33  -  DVD REVIEW By CHRISTOPHER LIM CLASSIC fantasy yarns are always ripe for modern reinvention since they’re not bogged down by inconvenient things like historical accuracy. Jonathan Swift’s novel Gulliver’s Travels, for one, has seen no end of TV and movie adaptations over the years. Its latest iteration from
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