The Business Times, 6 August 2010
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2010-08-06
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The Business Times
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Title Section23 2010-08-06 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfrl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, August 6,201023 words
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Article, Illustration608 2010-08-06 1 TEH SHI NING - BT-UniSIM survey finds cooling business sentiment, sees Q3 growth of up to 14.3% By TEH SHI NING [SINGAPORE] Business activity and optimism has cooled, alongside expectations of slower economic growth in the second half of this year. Even so, leading indicators from theSource: BT-UniSIM Business Climate Survey - 608 words
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Article, Illustration723 2010-08-06 1 VICTORIA HO - By VICTORIA HO [SINGAPORE] Come Aug 14, the Barclay’s Premier League (BPL) broadcast on SingTel mio will be a make-or-break event for the operator’s TV service. SingTel’s three-year-old IPTV (Internet protocol television) network had 155,000 customers at the end of 2009, but this numberAFP - 723 words
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Article141 2010-08-06 1 ST INDEX 3,006.76 (+4.89) ST INDEX FUTURES 2,988 (+5) SIMSCI 356.04 (-0.11) SIMSCI FUTURES 354.60 (+1.30) FOREX US$ S$ US$ (S$ per US$) 1.352 (US$/S$ per 1.585 2.143 EURO (US$/S$/E) 1.315 1.778 Foreign currency per US$ S$ YEN 86.30 63.80 RM 3.159 2.336 HK$ 7.766 5.743 BAHT 32.10141 words
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Advertisement107 2010-08-06 1 HOCK LOCK SIEW Rough ride over the next year for SMRT PAGE 6 ARTS Home is where the art is COMMENTARY Singapore’s pivotal role in Asian real estate PAGE 24 WINE Bordeaux 1970: holding up but just PAGE 33 PAGE 32 EXECUTIVE LIFESTYLE The sound of music The growing live107 words
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Advertisement15 2010-08-06 1 Most companies see better sales, Page 2 CIC denies interest in Liverpool FC, Page 415 words
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TOP STORIES
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Article601 2010-08-06 2 In the mood for a cooler economy BUSINESS activity and optimism has cooled, alongside expectations of slower economic growth in the second half of this year. Even so, leading indicators from the latest BT-UniSIM Business Climate Survey predict that Singapore’s gross domestic product may rise by up to601 words
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Article, Illustration698 2010-08-06 2 CONRAD TAN - But setback to reputation from MAS censure will be felt more keenly By CONRAD TAN [SINGAPORE] The blow to DBS Group’s reputation from the systems crash on July 5 and Wednesday’s censure by the Monetary Authority of Singapore (MAS) is likely to beBLOOMBERG - 698 words
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349 2010-08-06 2 TEH SHI NING - Optimism most widespread in mfg sector: survey By TEH SHI NING [SINGAPORE] Business activity may have slowed, but the majority of firms here still expect their overall sales this year to exceed sales in 2009. Close to 60 per cent of firms polled in349 words
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434 2010-08-06 2 [SINGAPORE] It’s tight at the top of the table after the first round of play in the inaugural Business Times Corporate Golf League, which took place on Wednesday at Tanah Merah Country Club’s Garden Course. Asia Pacific Breweries (APB) and KPMG434 words
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Article40 2010-08-06 2 THE story “Keeping official spending above board” (BT, Aug 4) said the Auditor-Gener-al’s 2009/10 Report offers no details on the 10 statutory boards. The AG has clarified that “selected audit observations of statutory boards” were made in the report.40 words
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Article, Illustration628 2010-08-06 4 LYNETTE KHOO - SID launches search service and corporate membership By LYNETTE KHOO [SINGAPORE] The match-making service for listed companies and directors is now on. The Singapore Institute of Directors (SID) officially launched the search service yesterday to help companies cast the net wider to find suitable628 words
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Article, Illustration762 2010-08-06 4 NEIL BEHRMANN - By NEIL BEHRMANN CHINA Investment Corporation (CIC), the US$300 bil-lion-plus sovereign wealth fund, yesterday rubbished reports that it was interested in buying Liverpool Football Club. A Financial Times report quoted an unidentified spokesman for the company as saying that it had “never heard ofAFP - 762 words
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626 2010-08-06 4 ANTHONY ROWLEY - PM says govt may use budget reserves for fresh stimulus By ANTHONY ROWLEY AMID increasing evidence that Japanese firms are being hit by the strong yen, threatening to stall the country’s economic recovery, Trade Minister Masayuki Naoshima yesterday suggested that official626 words
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377 2010-08-06 4 AP [BERLIN] Several versions of Apple’s iPhone, iPad, and iPod Touch have potentially serious security problems, a German government agency said in an official warning on Wednesday. Apple’s iOS operating system has “two critical weak points for which no patch exists”, the Federal OfficeAP - 377 words
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732 2010-08-06 4 Reuters [NEW YORK] Dozens of US billionaires pledged on Wednesday to give at least 50 per cent of their fortunes to charity as part of a philanthropic campaign by two of the world’s richest men Warren Buffett and Bill Gates. Based onReuters - 732 words
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Advertisement198 2010-08-06 2 ht p NANYANG TECHNOLOGICAL UNIVERSITY Rady UC San [Diego School of Management Nanyang Business School Eureka! You have an innovative breakthrough. Here's how you can make it a commercial success. Leadership and Innovation in SCIENCE AND TECHNOLOGY An advanced management programme presented in Singapore and USA Nanyang Business School, NTU,198 words
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Advertisement11 2010-08-06 2 Head to CATS FASTADS in The New Paper for education options!11 words
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Advertisement394 2010-08-06 3 ninn M m m FREEHOLD m m, II -a -*71 MM I n. ill fd 111' i p. Hii^y .JRrfMnSB /-As m m< fi aill^Si SiES m ill 5 s -."pr 1 18 H P —i f—1 A Vision of White in the Orchard. ills pi r i n r394 words
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Advertisement26 2010-08-06 4 Successful company active in production and sales of light aircrafts looks for INVESTORS to extend its market to South Eastern Asia and China, high profitability. bestaircraft@hotmail.com26 words
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Advertisement20 2010-08-06 4 Warehouse (New) In Tuas For Immediate Rent. Ground Floor High Ceiling. [call 9673 2325) V ASL SOLUTIONS PTE LTD J20 words
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Advertisement414 2010-08-06 5 WEAR THE PANTS TM Take charge, roll up your sleeves and answer the call of manhood -Dockers® is calling all men to man-up and Wear The Pants™! Returning to its roots as a brand that provides essential work wear for the man's man, Dockers® is set on re-energizing khakis as414 words
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COMPANY NEWS
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Article, Illustration620 2010-08-06 6 JOYCE HOOI - Net profit for Q2 drops 25.4% from $77.8m to $58.1 m By JOYCE HOOI THE World Cup dealt StarHub a swift kick in the bottom line in the second quarter of this year, along with higher costs from subsidies for the iPhone andBLOOMBERG - 620 words
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322 2010-08-06 6 SIOW LI SEN - By SIOW LI SEN STRONG Asian corporates are hot in the bond markets and what more if you’re linked to Temasek Holdings. Temasek Holdings’ unit STATS ChipPAC, a semiconductor packaging design and assembly company found out this week just how hot its parent322 words
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367 2010-08-06 6 It woos firms to issue bonds for trading on exchange THE Singapore Exchange (SGX) said yesterday it has launched its first initiatives to enhance the listing, trading and distribution of fixed income products to build a more vibrant bond market in Asia. These367 words
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387 2010-08-06 6 Reuters [SINGAPORE] Singapore sovereign wealth fund Government of Singapore Investment Corporation (GIC) has added three banks as joint bookrunners for the upcoming IPO of its logistics unit that could raise as much as US$3 billion, two sources familiar with the deal said yesterday.Reuters - 387 words
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648 2010-08-06 6 NISHA RAMCHANDANI - HOCK LOCK SIEW By NISHA RAMCHANDANI SMRT Corp’s first-quarter results may be setting the stage for the year ahead one potentially fraught with continuing losses from its Circle Line operations and rising costs putting the squeeze on profit margins. For its fiscal648 words
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Article, Illustration514 2010-08-06 8 NISHA RAMCHANDANI - Revenue up 45% y-o-y to $145.1m as passenger numbers surge 39% to 1.5m By NISHA RAMCHANDANI LOW-COST carrier Tiger Airways chalked up a $1.9 million net profit for its first quarter ended June 30, reversing a loss of $6 millionREUTERS - 514 words
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448 2010-08-06 8 UMA SHANKARI - S’pore tops in rise of firm’s revenue per available room By UMA SHANKARI CITY Developments’ (CityDev) London-listed hotel arm Millennium Copthorne Hotels (M&C) yesterday reported a 23.8 per cent jump in second-quar-ter net profit to £20.3 million (S$43.6 million), from £16.4 million for448 words
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264 2010-08-06 8 YEN PEI WEN - By YEN PEI WEN WHILE most credit card companies offer rebates and dining discounts to woo users in, OCBC believes that it has been able to distinguish itself from its competitors by operating a niche market providing privileged access to entertainment and264 words
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421 2010-08-06 8 FELDA CHAY - By FELDA CHAY BOOSTED by a one-off gain of $147.6 million from the sale and leaseback of two hub properties, logistics player CWT Ltd ended the second quarter this year with a net profit of $154.4 million almost 18 times the net profit of421 words
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343 2010-08-06 8 CONTRACT manufacturer Venture Corporation yesterday reported a net profit of $45.8 million for the second quarter ended June 30, 2010, down 24.8 per cent from $60.9 million a year ago, which had included positive fair value adjustment of $25.0 million for derivative financial343 words
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Article, Illustration228 2010-08-06 8 Jointly brought to you by The Business Times and For such a young nation, I am impressed by Singapore’s achievements in many respects. In just over four decades, the nation has established itself as one of the four Asian Tigers due to rapid industrialisation and resulting accomplishments228 words
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COMPANY BRIEFS
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99 2010-08-06 8 CHINA Taisan Technology Group Holdings said that it has submitted an application to the Taiwan Stock Exchange and the Taiwan Central Bank to list up to 125 million Taiwan Depository Receipts (TDR). The issue is equivalent to 250 million shares, based on a proposed99 words
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Article90 2010-08-06 8 KIM Eng Holdings reported that its net profit for the second quarter ended June 30 dropped 73.6 per cent to $9.87 million. Commission and trading income was down 18 per cent from a year ago to $73.77 million. Total income dropped by 45.9 per90 words
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89 2010-08-06 8 THE Hour Glass has reported a net profit of $5.23 million for the first quarter ended June 30, 2010, up 10 per cent from a year ago. Total revenue and other income including rental income grew one per cent to $105.98 million.89 words
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Article196 2010-08-06 8 At a glance Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CWT 166.07 17.94 825.7 349.79 300.03 16.6 154.40 8.71 1,672.8 182.76 146.95196 words
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422 2010-08-06 12 CHEW XIANG - Water company declares an interim dividend for first time one cent a share By CHEW XIANG WATER company Hyflux said yesterday its sec-ond-quarter net profit rose 5 per cent to $27.3 million. And, for the first time, the company declared an interim422 words
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392 2010-08-06 12 KAREN NG - By KAREN NG CLEAN-ROOM gloves maker Riverstone Holdings sees the second-half of 2010 as challenging, due to the weakening US dollar and higher raw material costs. But at its results briefing yesterday, it said it is confident its high level of orders will overcome any392 words
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360 2010-08-06 12 RACHEL SIM - By RACHEL SIM INDONESIA-BASED in-stant-noodle maker Consciencefood Holdings Ltd made a sterling trading debut on the Singapore Exchange (SGX) mainboard yesterday, closing at 30 cents 36.4 per cent above its initial public offering price of 22 cents. Some 217 million shares were traded. Market observers said360 words
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338 2010-08-06 12 UMA SHANKARI - It sees residential projects driving earnings growth By UMA SHANKARI CAPITALAND’S Australian unit Australand expects its residential development business to drive earnings growth over the next 18 months. The group now gets about 80 per cent of its earnings before interest and taxes (Ebit) from338 words
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Advertisement178 2010-08-06 6 MONT* KIARA KUALA LUMPUR Highly-Desired International Community Only $$35,000 Downpayment Required Guarantee S$32,000 p.a. Rental Income National Day Weekend fteturiltlf :s=S 2 Call NOW to Register! Tel: 6100 8237 m rT PROMOT SENI MONT KIARA ONE MONT Zen Kiara 9 mgp PLAZA WONT KIARA I Terms Conditions Applied A LUXURY178 words
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Advertisement155 2010-08-06 7 "his is the New Black The New Jaguar XKR Black. Constructed with an all-aluminium body for lightness with excellent rigidity, it's assertively endowed with performance-enhancing, gloss black 20-inch alloy rims and larger rear spoilers complemented with gloss black upper and lower grilles, side intakes and window surrounds. The menacing look155 words
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Advertisement147 2010-08-06 9 Audi Vorsprung durch Technik rs Mm *bH lpr rc> mv I\fl0tor I LMS R8 In celebration of Singapore's 45 th birthday: The debut of a racing Legend in Asia. The race-winning Audi R8 LMS competes at the Merdeka Millennium Endurance Race for the first time in Asia. For a century,147 words
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SINGAPORE MARKETS
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Article, Illustration568 2010-08-06 10 R SIVANITHY - Growing signs of a slowing American economy bring about uncertainty STOCKS R SIVANITHY Senior Correspondent FOR a second straight day, traders here displayed uncertainty over how Wall Street might behave. An unsettled session in Hong Kong and Europe’s erratic opening meant the Straits TimesSource: Bloomberg - 568 words
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Article66 2010-08-06 10 Aug 5 VALUE CLOSE BT OB/OS 339.00 +23.00 BT CADI -*****.00 +76.00 BT 10-day MA -*****.00 +34.00 FTSE ST Mid Cap 738.02 -1.52 FTSE ST Small Cap 550.64 +1.26 FTSE ST All Share 742.35 +0.80 FTSE ST China Top 274.30 +0.37 FTSE ST China 302.29 +1.46 FTSE66 words
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Article53 2010-08-06 10 VOLUME Consciencefood 217,427,000 Uni Envtech 85,966,000 Informatics 75,830,000 Golden Agri 63,114,000 BerlianLaju 54,462,000 LeaderEnv 48,512,000 ChinaAniH 45,557,000 ChinaNTown 44,450,000 CapitaLand 43,923,000 *Genting HK US$ 41,216,000 VALUE($) CapitaLand 180,637,502 Consciencefood 67,745,080 UOB 63,150,840 DBS Grp 53,167,636 Wilmar 44,848,360 SingTel 42,574,550 Keppel Corp 41,349,620 NOL 39,473,280 Noble Grp 38,630,28053 words
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Article186 2010-08-06 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 4 0 0 0 9 4 4 Manufacturing 63 41 79 5 5 14 68 46 93 Commerce 25 17 22 5 2 5 30 19 27 Tpt/Stor/Comms 15 12 16186 words
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BROKERS’ TAKE
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Article, Illustration414 2010-08-06 10 Aug 5 close: S$4.12 CIMB Research, Aug 5 Q2 FY10 core net profit of S$112 million was broadly in line with our estimate, forming 20 per cent of our FY10 estimate (H1 FY10 forms 43 per cent of our forecast). We believe the results were in line with consensus414 words
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Article, Illustration374 2010-08-06 10 LYNETTE KHOO - Aug 5 close: S$1.67 DMG Partners Securities, Aug 5 Compiled by LYNETTE KHOO GLOUCESTER (87.7 per cent owned by Noble) and Noble have entered into an agreement in which Noble will sell its: 1) 28 per cent Middlemount coal stake; 2) option to buy a further 20 per374 words
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Article119 2010-08-06 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,788 21,788 70,346 70,346 Manufacturing 673,582 37,494 711,076 291,266 4,425 295,691 Commerce 95,257 23,975 119,232 112,443 6,445 118,888 Tpt/Stor/Comms 132,363 716 133,079 178,095 84 178,179 Finance 25,395 3,046 28,441 164,384 320 164,704 Construction 18,821 21,717119 words
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Article110 2010-08-06 10 Stock name Close Change CapMallsAsia 2.130 +0.020 CapitaLand 4.120 +0.040 CapitaMall 1.950 -0.030 CityDev 12.300 -0.180 ComfortDelGro 1.590 DBS Grp 14.620 +0.120 F&N 5.680 +0.020 Genting SP 1.260 -0.010 Golden Agri 0.595 +0.010 HK Land 5.420 +0.050 JMH 41.100 +0.820 JSH 24.080 +0.140 Jardine C&C 34.040110 words
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Article, Illustration416 2010-08-06 10 CURRENCIES [NEW YORK] The euro rose yesterday, boosted by solid German industrial data and signs that Spain and Greece are making progress in trimming budget deficits. The currency also got a lift after European Central Bank (ECB) president Jean-Claude Trichet said incoming economic dataBLOOMBERG - 416 words
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Article103 2010-08-06 10 BY CENTS CLOSE UP JMH 4110 110.9 2.0 DBXT Nifty 10US$ ***** 70.3 0.4 GLD 10US$ ***** 31.1 0.2 Jardine C&C 3404 30.0 0.9 STXPO 100 1364 24.0 1.8 DBXT SPASX200 10US$ 2955 23.0 0.6 HsuFuChi 260 20.0 8.3 TigerAirMBLeCW*****3 54 19.5 56.5 JSH 2408 18.9 0.6 CIMBAsean40 100US$103 words
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Article127 2010-08-06 10 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -97.3 -0.3 DBXT S&P Short 10US$ 5150 -63.5 -0.9 DBXT FTVietnam 10US$ 4080 -54.1 -1.0 UOB 1970 -36.0 -1.8 UOB 5.05%NCPS 100 ***** -20.0 -0.2 CityDev 1230 -18.0 -1.4 Pru 500US$ 908 -13.5 -1.1 DBXT CSI300 10US$ 936 -12.2 -1.0 Lyxor127 words
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Article87 2010-08-06 10 Where S$ stands Aug 5 CHNG YR 2010 CLOSE FR Aug 4 S$ LOW S$ HIGH US$ 1.3512 0.17 1.4219 1.3506 Euro 1.7855 0.11 2.0153 1.6886 Pounds 2.1506 0.16 2.2831 2.0003 A$ 1.2368 -0.17 1.2960 1.1515 Yen* 1.5695 0.96 1.5951 1.4467 Rupiah* 0.***** 0.08 0.***** 0.***** Baht* 4.2126 -0.1187 words
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Advertisement173 2010-08-06 11 Audi Vorsprung durch Technik Sy. ■v i.' >4 t yV, -%> t 'i •>? a.. /> j > w I I m i 1. :-vc-. SMI UNIQUELY BEA6UTIFUL. Progress is beautiful. Celebrate with the Uniquely Beautiful Sports Edition* Complimentary upgrades Up to 10 months free instalments 1.88% interest rate Attractive173 words
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Advertisement1107 2010-08-06 12 [«iAT3 BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I ft BANK OF TAIWAN SINGAPORE BRANCH Unit: NT$1,000 Unit: NT$1,000 Dec 31, 2009 Dec 31, 2008 Revenues: Interest income Less: interest expenses Net interest income Non-interest income, net Fee and commission income, net Gain on financial1,107 words
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Advertisement304 2010-08-06 13 CONGRATULATIONS TO: MR. ALAIN ONG Managing Director Pokka Sales Marketing Pte Ltd Group Executive Director Pokka Corporation (Singapore) Pte Ltd For Being Awarded The Prestigious r. c SUCCESSFUL NTREPRENEUR TM Deep Appreciation From Pokka To Our Esteemed Business Partners For Making Us SINGAPORE'S NO. 1 CHOICE Kimly Food Holdings Pte304 words
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SINGAPORE NEWS
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467 2010-08-06 14 LYNN KAN - Industry posts 28% rise in new business premium sales in the first half, says LIA By LYNN KAN THE insurance industry here is continuing on its road of recovery on the back of Singapore’s rebounding economy. The Life Insurance Association (LIA) said yesterday that467 words
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523 2010-08-06 14 LYNN KAN - By LYNN KAN A NEW Islamic private equity bank will make Singapore its Asia-Pacific headquarters. Al Salam Asia-Pacific, a subsidiary of Bahrainbased Al Salam Bank, will also add $500 million to its current Asian investment portfolio of $200 million over the523 words
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510 2010-08-06 14 SIOW LI SEN - H1 earnings dip slightly on low interest rates By SIOW LI SEN STANDARD Chartered Singapore has posted a first-half 2010 pre-tax profit of US$419 million, down 2.6 per cent year-on-year as costs rose and low interest rates ate into margins. Income was a record US$913510 words
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234 2010-08-06 14 TO celebrate the nation’s upcoming 45th birthday in style, Temasek Holdings yesterday announced the launch of two philanthropic foundations: the Temasek International Foundation and the Temasek Education Foundation. Together, the foundations will manage five endowments with a total of $165 million. The234 words
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Article, Illustration608 2010-08-06 14 NICHOLAS YEO - Fine wines paired with CEOs’ favourite local hawker food By NICHOLAS YEO A THEME of contrasts was clearly evident at The Business Times Wine Night on Wednesday, where The Business Times Knight Frank CEOs’ Hawker Guide was also launched. At the Wine Night, sponsoredYEN MENG JIIN - 608 words
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SINGAPORE ROUNDUP
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37 2010-08-06 14 HUMAN resource consulting firm Hewitt Associates yesterday announced the launch of the Hewitt Best Employers in Singapore 2011 study in partnership with CATS Recruit in The Straits Times and The Business Times.37 words
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44 2010-08-06 14 TWO Olympic-themed sculptures commissioned as part of the Singapore 2010 Youth Olympic Games legacy were unveiled yesterday at the Marina Bay waterfront promenade. They are also the first public artworks launched under the Marina Bay Public Art Programme.44 words
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42 2010-08-06 14 THE Building and Construction Authority said yesterday it has clinched this year’s Energy and Environment Award from the Aspen Institute for its efforts to steer the industry here towards developing green buildings and sustainable construction.42 words
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201 2010-08-06 14 THIS October, Low Weng Keong, former country managing partner of Ernst Young Singapore, is set to take the reins of CPA Australia, one of the world's biggest international accounting bodies. He will be the organisation’s first Asian-born president, as well as the first201 words
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Advertisement343 2010-08-06 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg HISAKA HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****8585R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 63 Sungei Kadut Loop, Hisaka Industrial Building, Singapore *****4343 words
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Advertisement16 2010-08-06 14 Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.16 words
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ECONOMY WATCH
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Article, Illustration724 2010-08-06 15 He seeks to build case for ending tax cuts for the wealthy as elections loom Reuters LAT-WP [WASHINGTON] The Bush administration’s “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner said on Wednesday as he sought to buildReuters; LAT-WP; BLOOMBERG - 724 words
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393 2010-08-06 15 Reuters [LONDON] More distressed property sales are expected in the next 12 months as changes to international regulations will likely raise the capital cost of holding commercial property on banks’ balance sheets, an industry body said. Growth in distressed property listingsReuters - 393 words
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483 2010-08-06 15 Bloomberg [BANGKOK] Thailand’s economy may expand as much as 8 per cent this year, the fastest pace since 1995, as surging shipments overseas help spur a recovery from the nation’s worst political violence in almost two decades. “We are surprised by theBloomberg - 483 words
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Page 15 Advertisements
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Advertisement160 2010-08-06 15 Honda Odyssey. Singapore’s coolest family car now comes with a 5 year unlimited mileage warranty. Fuel Efficient. Thanks to its powerful yet economical 2.4L i-VTEC engine, the Odyssey uses only 8.9L/100km†, making it the most fuel efficient vehicle in its class. Maximum Safety. Safety is always a top priority, that’s160 words
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MALAYSIA/INDONESIA
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BRIEFLY ASIA
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62 2010-08-06 16 [KUALA LUMPUR] Asia's largest budget airline AirAsia Bhd has deferred the delivery of new aircraft for a third time, blaming capacity constraints at the existing low-cost carrier terminal in Sepang, said a report in Malaysia’s Business Times yesterday. It has deferred the delivery of seven62 words
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41 2010-08-06 16 [JAKARTA] Indonesia’s economy grew a faster-than-expected 6.2 per cent in the second quarter on strong exports, investment and consumer demand, fuelling market expectations of full-year growth above 6 per cent and increased price pressures. Reuters41 words
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83 2010-08-06 16 [CARACAS] Venezuela, the largest oil producer in South America, is shipping 200,000 barrels a day of oil to China to repay US$20 billion of debt borrowed from the Asian giant to finance power, agriculture and technology projects. The Opec member, planning to ramp up83 words
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58 2010-08-06 16 [MUMBAI] India’s biggest private firm Reliance Industries says it will pay US$392 million for a majority share in a US shale gas field. Reliance will buy a 60 per cent stake in a joint venture with Houston-based Carrizo Oil and Gas58 words
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Article, Illustration699 2010-08-06 16 MALMINDERJIT SINGH - Ministers from both countries paint bullish picture for greater cooperation By MALMINDERJIT SINGH [SINGAPORE] Singapore and Malaysia are well-placed to intensify trade and investment relations, said Malaysian Minister of International Trade and Industry Mustapa Mohamed and his Singapore counterpart, Lim Hng Kiang, yesterday.LAU FOOK KONG/THE STRAITS TIMES - 699 words
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536 2010-08-06 16 PAULINE NG - By in Kuala PAULINE NG in Kuala Lumpur THE prolonged uncertainty over the extent of Sime Darby’s loss arising from cost overruns in its energy and utilities division continues to weigh on the Malaysian conglomerate, with a report that it could potentially536 words
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Advertisement1243 2010-08-06 16 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. FREIGHT LINKS EXPRESS HOLDINGS LIMITED (Incorporated theRepublic Singapore) (Compan RegistrationNumber*****0061G) NOTICE OF ANNUAL GENERAL MEETING NOTICEISHEREBYGIVENthattheAnnualGener Meeting reightLinksExpressHoldingsLimitedwillbeheld 51 enjur Roa #04-00, reightLinksExpressLogisticentre Singapore *****3,on uesda 31 ugust2010 9:30a.m. the ollowingpurposes: ASORDINAR USINESS .1 1. TToo receiv andadopttheDirectors’Repor andthe uditedAccounts thefinancial earended30Apr 2010togetherwiththe uditors’Repor1,243 words
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GREATER CHINA
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Article, Illustration588 2010-08-06 17 Lenders ordered to stop loans to people buying third homes in 4 key cities Reuters [BEIJING] China’s banking regulator has ordered lenders to test the impact of a fall in house prices of up to 50 per cent in keyReuters; AFP - 588 words
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573 2010-08-06 17 Reuters AFP [WASHINGTON] A group of US senators raised concerns about China’s currency practices on Wednesday, urging the Obama administration to do more to combat “unfair trade” practices abroad. In a letter to President Barack Obama, 11 senators called for stronger actionReuters; AFP - 573 words
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445 2010-08-06 17 Swire Pacific’s H1 underlying earnings more than double [HONG KONG] Cheung Kong (Holdings) Ltd, the Hong Kong developer controlled by billionaire Li Ka-shing, said first-half profit rose 4 per cent after property sales increased. Profit climbed to HK$11.9 billion (S$2.1 billion), or445 words
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261 2010-08-06 17 AFP [BEIJING] China and South Korea are likely to launch negotiations on a free trade agreement next year, Seoul’s ambassador to Beijing said in an interview published yesterday. The South Korean ambassador, Yu Woo-ik, told the China Daily that theAFP - 261 words
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Advertisement194 2010-08-06 17 25% (For dine-in only) off, JWMI3® Lunch Food Bill the big name in seafood Savour our award winning Chilli Crab other popular favourites! Riverside Point The Riverwalk Singapore Indoor Stadium NSRCC/SAFRA Resort Dempsey Hill Not available at East Coast www.jumboseafood.com.sg Tel: 6532 3435 Tel: 6534 3435 Tel: 6440 3435 Tel:194 words
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Advertisement209 2010-08-06 18/19 1 ■V* t 1 I *2. W, 1 \W t,-t "H *2%S »> F wl i VK£><D 5£M^ u BV 850/ M «> y L FORM, FUNCTION AND A WHOLE NEW PHILOSOPHY. At the crossroads of choice, there are two ways to go. The conventional road sodden with footsteps, or209 words
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INDIA
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Article, Illustration975 2010-08-06 20 Otherwise, it will set a troubling global precedent for onerous norms AP [MUMBAI] Telcos and trade groups are urging India to soften tough new security regulations on foreign telecommunications companies believed to be aimed at China which they say could set aAP - 975 words
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407 2010-08-06 20 Reuters [BOSTON] SPX Corp plans to boost its presence in India because the potential for growth there is approaching China’s, where the US manufacturer notched a 50 per cent rise in sec-ond-quarter revenue. The diversified company, which makes productsReuters - 407 words
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290 2010-08-06 20 AFP [NEW DELHI] India’s government said on Wednesday overly aggressive interest rate hikes to check dou-ble-digit inflation could derail economic recovery as it promised to do all it could to tame prices. The pledge came as the Lower House of parliament adoptedAFP - 290 words
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Page 20 Advertisements
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Advertisement1615 2010-08-06 20 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE OMPANIES CCAP50 AND IN THE MATTER OF COLORTRONICSYTEMSPTE.TD. (InMember oluntar Winding-Up) Compan egis ationNo. *****945Z NNOOTICE HEREB GIVEN pursuant Section308 heCompaniesAct,Cap. 50, hat FinalMeeting heMember fo f of ttheCompan willbeheld 00Beac RRoad #25-06 Shaw Singapor *****9702onhe th thdayday1,615 words
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Advertisement189 2010-08-06 20 nI n In thematter theCompaniesAct, Cap 50 And nI n In theMatter Worldwide Investigation Network Pte Ltd (InCreditors’VoluntaryLiquidation)(RegistrationNo.:*****3372K) NOTICEOFRESOLUTIONS tA t At theExtraordinaryGeneralMeeting the aboveCompanydulyconvenedandheld on30July2010 100TrasStreet,#1603 Amara Corporate Tower, Singapore *****7,thefollowingresolutionswereduly passed: SpecialResolution .1 1. Thatpursuant Section290(1)(b) the CompaniesAct(Cap50),theCompany which cannot byreason liabilities continue business be placed under creditors’voluntarywindingup.189 words
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Advertisement6423 2010-08-06 21 Joint Announcement By (Registration No.: *****07) (a business trust constituted on 16 November 2007 under the laws of Singapore) and Galaxy NewSpring Pte. Ltd. (Company Registration No.: *****4849M) (Incorporated in Singapore) in relation to the Proposed Voluntary Delisting of Hyflux Water Trust 1. INTRODUCTION 1.1 Delisting Proposal and Exit Offer.6,423 words
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ASIA-PACIFIC/WORLD
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427 2010-08-06 22 NYT [NEW YORK] It is flotsam of the housing wreck, a stock no longer worthy of the Big Board. But penny by penny, the mortgage giant Fannie Mae is being salvaged in the stock market. Nearly two years after it was effectively nationalised,NYT - 427 words
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Article, Illustration535 2010-08-06 22 Strong iron ore demand from China, higher commodity prices cited AP [SYDNEY] Mining giant Rio Tinto said first-half profit more than tripled amid strong iron ore demand from China and higher commodity prices as the world economy climbed out of recession.AP; AFP - 535 words
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330 2010-08-06 22 AFP [FRANKFURT] The European Central Bank (ECB) kept its main interest rate at a record low of one per cent, a bank spokesman said yesterday, as an audit of Greece noted “considerable progress” in its public debt crisis. The ECB also keptAFP - 330 words
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509 2010-08-06 22 H1 earnings surge 29% as bad loan provisions drop Bloomberg [LONDON] Barclays, Britain’s third-largest bank, paid £194 million (S$413 million) in an effort to settle a probe by US investigators into payments made to countries or people that have had sanctions imposed onBloomberg - 509 words
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535 2010-08-06 22 Reuters AFP [HOUSTON] Texas regulators said better operation and maintenance of BP plc’s Texas City, Texas, refinery could have prevented a 40-day release of excess pollution earlier this year. “The Houston region office determined that the emissions event that occurred on April 6, 2010,Reuters; AFP - 535 words
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Page 22 Advertisements
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Advertisement115 2010-08-06 22 WINE DINE AND HOSPITALITY iwm tc triple! T0P 0F THE M three 45 45 45 This August, celebrate Singapore's 45 th birthday at Triple Three and receive a special 45%* off your total bill if you are turning 45 this year! "Terms Conditions apply. Otherwise, why not swing by Top115 words
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WORLD
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Article, Illustration574 2010-08-06 23 Company will refrain from a host of business practices that thwart rivals AP NYT [SAN FRANCISCO] The Federal Trade Commission of the US is trumpeting its settlement with Intel Corp as a victory for consumers who have overpaid for computer chips forAP; NYT; AFP - 574 words
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Article, Illustration669 2010-08-06 23 NYT Bloomberg [NEW YORK] A pair of the world’s largest media companies reported strong earnings on Wednesday and expressed confidence that the industry might be settling into a groove after a turbulent couple of years. Time Warner said early in the day thatNYT; Bloomberg - 669 words
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Article, Illustration819 2010-08-06 23 Reuters [SAN FRANCISCO] Apple Inc chief financial officer Peter Oppenheimer faces a problem that perhaps every finance chief wishes to have: obscene amounts of cash and nowhere to put it. Apple, the maker of iPhone, iPad, iPod and Mac computer, has accumulatedReuters - 819 words
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579 2010-08-06 23 More US companies tie payout to performance goals Bloomberg [NEW YORK] Chief executive officers in the US are getting bigger long-term incentive awards and more firms are tying those payouts to performance goals, a survey shows. More companies are linking future stock and cash bonusesBloomberg - 579 words
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406 2010-08-06 23 NYT [NEW YORK] The Internal Revenue Service (IRS) said on Wednesday that it would overhaul a unit devoted to scrutinising large corporations and wealthy individuals, a shift that would bolster the agency’s growing focus on international tax evasion. The IRS saidNYT - 406 words
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Page 23 Advertisements
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Advertisement38 2010-08-06 23 2MB3 SEEPMMQnQS W[WW 5i I I id'] n hi a 1 hi td'J ity JaffiiMiHi) JERRY LUM ±21 Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg CATS Recruit The first step on your ladder to success CLA/AUG06/g38 words
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EDITORIAL & OPINION
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Article497 2010-08-06 24 EDITORIAL IT was one of the worst-ever system crashes by a local bank, resulting in a seven-hour disruption of ATM, mobile banking and Internet services. The systems failure was a major breach of Internet banking and technology risk management guidelines uncharted territory for the Monetary497 words
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Article, Illustration765 2010-08-06 24 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON YOU probably have never heard of oilman George Mitchell, but more than anyone else, he has changed the global energy outlook. In 1981, Mr Mitchell’s small petroleum company faced dwindling natural gas reserves. He proposed a765 words
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Article, Illustration898 2010-08-06 24 ALOK CHANANI,SUSAN WACHTER - Cost efficiencies and incentives encouraging firms to domicile within city-state’s borders By ALOK CHANANI ,SUSAN WACHTER Alok Chanani is the president of Chanani Real Estate Partners, a US-based real estate advisory and investment management firm with active interests in Asia. Susan Wachter isFILE PHOTO - 898 words
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1432 2010-08-06 25 HEATHER TIMMONS - India’s legal outsourcing firms hiring Western lawyers for document review, due diligence and more for Wall St clients By HEATHER TIMMONS NYT AS an assistant attor-ney-general for New York state, Christopher Wheeler used to spend most of his time arguing in courtrooms in NewNYT - 1,432 words
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Article, Illustration934 2010-08-06 25 JONATHAN WEIL - By JONATHAN WEIL Jonathan Weil is a Bloomberg News columnist. The opinions expressed are his own AS Americans approach the second anniversary of the US Treasury Department’s oft-maligned Troubled Asset Relief Program (TARP), here’s a trivia question to see just how muchBLOOMBERG - 934 words
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Page 25 Advertisements
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Advertisement37 2010-08-06 25 tabid! THE HEARTBEAT OF THE INDIAN COMMUNITY NATIONAL DAY SPECIAL INDIAN CONTRIBUTION TO NATION BUILDING YOG: INDIAN IMPACT <S> i JIO ft 1 i. hJ r GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST37 words
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AVIATION/SHIPPING
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Article, Illustration481 2010-08-06 26 VEN SREENIVASAN - The reshuffle will position Jetstar brands for greater growth: Qantas CEO By VEN SREENIVASAN [SINGAPORE] Qantas chief executive Alan Joyce yesterday announced changes to the top management of low-fare carrier Jetstar. Jetstar Australia chief executive Bruce Buchanan has been named group chief executive forBLOOMBERG - 481 words
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543 2010-08-06 26 Bloomberg [NEW YORK] Delta Air Lines Inc, upgrading its New York hub for overseas flights, plans to renovate one terminal at Kennedy airport and demolish another as part of a US$1.2 billion overhaul, a person familiar with the matter said. TheBloomberg - 543 words
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Article640 2010-08-06 26 Bloomberg [PARIS] Airbus SAS’s order for 30 A3 50s from Cathay Pacific Airways Ltd may spur sales in China, a market already set to receive about a quarter of the aircraft built by the planemaker over the next five years. “The major Chinese airlines watchBloomberg - 640 words
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Article278 2010-08-06 26 SGX '000 Aug 5 S$ +/-Vol CH Offshore 0.54 -0.01 777 Chuan Hup Hldg 0.26 -0.01 115 Cosco Corp 1.63 unch 6380 CWT Ltd 1.01 0.04 7765 Ezra Hldgs 1.99 -0.02 2825 First Ship Lea 0.42 unch 200 Freight Links 0.06 unch 797 Grand Banks unch unch 0278 words
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460 2010-08-06 26 Returns on hauling Mideast crude down 93% since Jan 19 Bloomberg [LONDON] Scrapping of older supertankers with single hulls will speed up as a collapse in rents leaves the vessels unable to find employment, Fearnley Consultants said. Daily returns from hauling twoBloomberg - 460 words
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Article3058 2010-08-06 26 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam SQ323 0605 SQ7366 2315 US5410 0605 LO40323,058 words
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Page 26 Advertisements
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Advertisement146 2010-08-06 26 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE HEAVY WEIGHT SURCHARGE The following feeder operators wish to inform the trade that with effect from 15 August 2010, the following Heavy Weight Surcharge will apply to all SOC shipments from Singapore to all the ports covered by AFDG, namely Indonesia, Thailand,146 words
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SINGAPORE STOCKS
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Article9006 2010-08-06 27 Transaction date: Aug 5 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 11 3148 8Telecom 18.5 -0.5 283 19 18.5 18.5 19 1.7 9.8 5.9 88.6 10.5 6 58349,006 words
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Article1901 2010-08-06 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 5 5.5 27.8 4.8 225 130 6222 t APStrategic 195 182 195 115.7 4 0.51,901 words
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Article9460 2010-08-06 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.17/ APS Alpha Fund (USD)!** 0.87/ APS Alpha Fund Cl B SGD!** 0.17/ APS Alpha Fund Cl B USD!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,460 words
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Article772 2010-08-06 28 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 $mil 124 107 6389 ABF SG Bond ETF 114.5 113 115 522.7 913 710 CIMBAsean40 100US$ US910 +12 3 910 910 905 912 36.4 306772 words
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Article69 2010-08-06 28 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 $mil 56 30 6000 AVJennings A43 41.5 44 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US27.5 -1 ***** 29.5 27 27 27.569 words
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FINANCE & COMMODITIES
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374 2010-08-06 29 In local curr In S$ In US$ dy yr dy yr dy yr Aug 4 Index Change Change Change Change Change Change World Index Preliminary 823.2 0.0 -1.1 0.0 -5.1 -0.2 -1.5 EAFE Preliminary 761.1 -0.3 -3.0 -0.7 -7.7 -0.9 -4.2 Europe Preliminary 1116.8 0.1374 words
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Article180 2010-08-06 29 Aug 5 $S Offer Bid Overnight 0.05 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.40 0.30 1 month 0.55 0.35 2 months 0.60 0.40 3 months 0.65 0.45 6 months 0.85 0.65 9 months 1.00 0.80 12180 words
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Article22 2010-08-06 29 Aug 5 S$ Bid Offer 1-month 1.3518 1.3522 2-months 1.3517 1.3520 3-months 1.3515 1.3519 6-months 1.3509 1.3513 Source: OCBC22 words
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Article132 2010-08-06 29 Aug 5 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2290 1.2660 Can dollar 1.3230 1.3380 Euro 1.7720 1.7920 NZ dollar 0.9790 1.0000 Sterling pound 2.1400 2.1640 US dollar 1.3440 1.3590 Local dollars to 100 units of foreign132 words
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Article29 2010-08-06 29 Aug 5 Open High Sett STI Aug 2982 2982 2988 SIMSCI Aug 353.3 356.0 354.6 Taiwan Aug 280.5 282.4 280.6 Source: MF Global (S) Pte. Ltd29 words
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Article67 2010-08-06 29 Aug 5 Aug KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2650 2700 2702 2650 82 1886 Sep 10 2620 2645 2656 2608 810 ***** Oct 10 2571 2619 2623 2571 ***** ***** Nov 10 256967 words
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Article424 2010-08-06 29 Aug 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6050 0 1599 Dec10 99.5450 0 2861 Mar11 99.4600 0 3051 Jun11 99.3450 0 2431 EUROYEN TIBOR FUTURES Sep10 99.6450 99.6450 99.6450 99.6500 50 3455 Dec10 99.6850 99.6850 99.6850 99.6925 67 1506 Mar11 99.7075 100 2043424 words
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Article149 2010-08-06 29 Aug 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 325.0 324.0 325.0 39 Oct 10 321.0 321.0 321.0 14 Nov 10 321.0 320.0 320.0 34 Dec 10 320.0 319.6 319.6 20 Jan 11 319.0 Feb 11149 words
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Article88 2010-08-06 29 Aug 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04.11.2010 0.28 0.23 0.23 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.33 104.36 104.34 5-Year N*****0N 1.375 01.10.2014 103.0788 words
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Article105 2010-08-06 29 Aug 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1053.00 1053.50 1065.75 1048.00 Sep 10 1029.25 1022.75 1034.75 1018.75 Nov 10 1024.25 1018.00 1029.50 1012.75 Jan 11 1030.25 1024.75 1035.25 1020.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 41.36 40.95 41.41105 words
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Article77 2010-08-06 29 CRUDE OIL PRODUCTS Aug 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 82.72 0.14 WTI (Near Mth) 82.52 -0.02 Dubai (1-Mth F) 79.44 1.27 Tapis blend 85.75 1.20 Minas 82.45 1.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.94 1.22 Jet Kerosene 93.22 1.75 US$/barrel Opec Oil77 words
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2264 2010-08-06 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -3 4.88 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 1 87 18442,264 words
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Article465 2010-08-06 29 Aug 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.927 6.194 0.695 7.102 42.257 81.701 0.789 10.668 2.889 1.259 78.290 41.164 1.237 6.656 0.961 29.122 29.352 0.577 0.915 Canada 1.078 6.680465 words
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Article85 2010-08-06 29 Aug 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-08-06 29 Aug 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2361 1.2371 0.9143 0.9148 Canadian dollar 1.3332 1.3342 0.9861 0.9866 Euro 1.7779 1.7788 1.3150 1.3154 NZ dollar 0.9818 0.9824 0.7262 0.7265 Sterling pound 2.1426 2.1438 1.5848 1.5853154 words
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Article137 2010-08-06 29 Aug 5 GOLD (US$/oz) Aug 05 Aug 04 Hong Kong 1196.80 1195.80 Aug 04 Aug 03 London 1199.85 1187.50 1200.60 1188.30 Source: Thomson Reuters CAST BAR Aug 05 (S$) Selling Buying Kilobar 55,715.97 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125.19 52 5gm 354.17 260 10gm 633.44137 words
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Article69 2010-08-06 29 Aug 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2217.50 2193.75 3 months 2228.00 2204.00 Copper, Grade A (US$/tonne) Cash 7477.50 7398.25 3 months 7505.00 7425.00 Lead (US$/tonne) Cash 2219.25 2197.00 3 months 2243.00 2220.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article82 2010-08-06 29 Aug 4 COCOA (£/tonne) Close Prev High/Low Sep 10 2294 2259 2325/2270 Dec 10 2177 2152 2202/2155 Mar 11 2159 2134 2179/2139 May 11 2167 2141 2185/2148 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1741 1717 1747/1717 Nov 10 1760 1736 1767/1737 Jan 11 1746 1725 1748/1726 Mar 1182 words
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5433 2010-08-06 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.5,433 words
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Page 30 Advertisements
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Advertisement6 2010-08-06 30 Shipping lines seeking reliable logistics partners6 words
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Advertisement30 2010-08-06 30 Importers I M JT Can they find looking TOT your services Warehouse Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 —-THE BUSINESS TIMES SHIPPING TIMES30 words
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Page 31 Advertisements
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Advertisement46 2010-08-06 31 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132746 words
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executive lifestyle
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ARTS
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Article, Illustration625 2010-08-06 32 CHEAH UI-HOON - Two Singaporean artists both who happen to work with ceramics are holding exhibitions in Melbourne and New York, in conjunction with Singapore’s National Day. CHEAH UI-HOON reports CHEAH UI-HOON WHEN Michelle Lim was leaving for further studies in Australia, one of the common assumptions625 words
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Article, Illustration472 2010-08-06 32 NATALIE KOH - By NATALIE KOH FOR the first time since its inauguration in 2004, the Singapore Heritage Festival will be holding a three-day festival finale titled Heritage Sparkles in the City, which will feature four concerts, performing art showcases, culinary demonstrations and ethnic craft472 words
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Article, Illustration708 2010-08-06 32 Down to ‘earth’ from ‘space’ and content IN ceramics, form is like marriage, it’s what you have to live with on a longer term; while surface decoration is like dating. That’s something which ceramicist Wee Hong Ling heard recently in a lecture, which pushed her into dating mode. “I focused708 words
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Article, Illustration688 2010-08-06 32 MADHVI SUBRAHMANIAN - By MADHVI SUBRAHMANIAN IN 1992, Vincent Leow made headlines in the Singapore art scene when he urinated in a cup and drank his own urine in front of an audience. This was part of his performance art piece called Coffee Talk, where he was688 words
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PURSUITS/ARTS
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1133 2010-08-06 33 N K YONG - From a recent tasting, the vintage is found to be showing its age and needs to be drunk up, says N K YONG WINE N K YONG IN 1982 (the year I started looking seriously at wine), the most recent collectible vintage was 1970.1,133 words
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Article, Illustration513 2010-08-06 33 CHRISTOPHER LIM - GAMING By CHRISTOPHER LIM THE best game plots are those that confound expectations, and Red Dead Redemption does that abundantly and with apparent glee. It’s a cowboy game that’s only about cowboys as far as the battles are concerned. What really grabs you are the characters513 words
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Article269 2010-08-06 33 NATALIE KOH - By NATALIE KOH JUST three months after the successful run of their debut production Rafta Rafta, HuM Theatre will take the fun-filled show to Chennai on Aug 12. Their adaptation of Ayub Khan-Din’s Rafta Rafta humorously depicts the treatment of inter-racial marriage and secondgeneration immigrants269 words
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AROUND TOWN
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Article, Illustration154 2010-08-06 33 PORTRAITS by 50 finalists from the KL PHOTOAWARDS Contemporary Photographic Portrait Competition have travelled from Kuala Lumpur and will be featured here in Singapore. The 2010 awards, which is in its second year, received 1,700 entries from 38 countries and saw Singaporean photographer Andrew Ng come in154 words
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111 2010-08-06 33 AFTER the success of their performance, SOUNDING, last year, Magnetic Band from the Young Musicians’ Society returns this National Day eve with music that explores post-60’s Experimentalism. The YMS Arts Centre will transform its first level into an exhibition of live performances. Titled SITE-THINGS, the performance111 words
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Article141 2010-08-06 33 CENTRE for Fathering is offering the public the chance to attend two special seminars that will help people live their lives more happily. The speakers, Landon Saunders and Mike Cope, are from Heartbeat, a non-profit educational organisation in the US, and have given countless self-help speeches. The141 words
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97 2010-08-06 33 NATALIE KOH - Compiled by NATALIE KOH WHAT better way to celebrate Singapore’s 45th anniversary of independence than to look back on the decades and see photographic evidence of how life used to be. Enter Times of Our Lives Singapore Flyer, a one-of-a-kind collection of images that captures97 words
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MUSIC
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Article, Illustration741 2010-08-06 34 CHRISTOPHER LIM - A birthday, a launch and a family affair all marked by a fusion of classical and modern in music, reports CHRISTOPHER LIM CHRISTOPHER LIM ROCK music is packed with sub-genres such as emo and post-hardcore, so it shouldn’t surprise people that classical music isn’tCHRISTOPHER LIM - 741 words
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Article, Illustration652 2010-08-06 34 DYLAN TAN - No sex, no drugs just good ol’ rock and roll By DYLAN TAN YOU’D think that after Slash left the stage at Fort Canning on Monday night, he’d be busy indulging in some good old backstage rock-and-roll debauchery. But after you’ve (presumably) done all the sex and drugs in theAMOS WONG - 652 words
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Article, Illustration583 2010-08-06 34 CHRISTOPHER LIM - CD REVIEWS By CHRISTOPHER LIM THERE’S more to Singapore’s musical voice than National Day songs in the air and JJ Lin’s awful Youth Olympic Games cheer. ARCN TEMPL is a project by Vivian Wang and Leslie Low from local band The Observatory, and its debut583 words
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Article, Illustration506 2010-08-06 34 NATALIE KOH - Teenage Dream Katy Perry Warner Music Rating: B- By NATALIE KOH CRITICS were quick to label Katy Perry a one-hit wonder when she shot to fame in 2008 with her single, I Kissed a Girl, but the darkhaired beauty proved them wrong many times over506 words
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CINEMA
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Article, Illustration692 2010-08-06 35 DYLAN TAN - Despite being panned, The Last Airbender is doing just fine at the box office, says DYLAN TAN DYLAN TAN HERE’S the good news: for once, critics and moviegoers alike seem to agree that The Last Airbender, a live-action adaptation of the popular Nickelodeon animated TV seriesBLOOMBERG - 692 words
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Article, Illustration506 2010-08-06 35 CHRISTOPHER LIM - DVD REVIEWS By CHRISTOPHER LIM THE Hong Kong film industry has had a monopoly on Chinese gangster movies, and in the 1990s that wasn’t a bad thing. In the last decade, however, its movie output has started to parody itself in a slick procession of predictable506 words
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Article, Illustration479 2010-08-06 35 NATALIE KOH - By NATALIE KOH GERARD Butler should stick to roles that involve kicking Persian messengers down massive holes in the ground while being half-naked, of course and Jennifer Aniston needs to stop turning every role she has into Rachel from Friends. With that said,479 words
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Article, Illustration635 2010-08-06 35 GEOFFREY EU - By GEOFFREY EU IF not for recent real-life headlines about sleeper Russian agents going under deep cover for decades and leading alternate lives as suburban moms and dads, a movie about a CIA intelligence officer who is a Russian superspy635 words
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562 2010-08-06 36 jaime ee - Psst. wanna know a few secrets? off the cuff jaime ee SO you think it’s only the US military that’s worried about having its secret files on Afghanistan released to the public on Julian Assange’s whistleblowing website Wikileaks? Don’t be so sure. Unbeknownst to most people, including Wikileaks, a Singapore562 words
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Article, Illustration1469 2010-08-06 36 DYLAN TAN - The growing live concert scene here is sweet music to everyone’s ears, reports DYLAN TAN DYLAN TAN LOCAL music fans have had a good week so far. Since Monday, there have been well over a dozen bigname international acts including pop diva Katy Perry, R&B superstarTIGER BEER; FILE PHOTOS - 1,469 words
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Page 33 Advertisements
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Advertisement82 2010-08-06 33 ASSETS OF WEALTH PASSION FINE WINE INVESTMENT BEST INVESTMENT OF THE DECADE (2000-2009) The Guardian, 21 Nov 2009 FREE PREVIEW BY ASSETTON Call or email for more details Economic case for investing in Bordeaux Fine Wine is compelling (negligible correlation to mainstream assets). Proven asset for portfolio diversification, with stable82 words
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Page 33 Miscellaneous
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Miscellaneous293 2010-08-06 33 CRYPTIC CROSSWORD Across 1 Part that is holding others up on stage? (10,4) 9 Prediction favouring Oriental players (8) 10 Raise objections when not completely reserved (5) 12 Some unpatriotic disturbance (4) 13 Film direction taken by mental case (10) 15 First-class student (8) 16 Spiny plant cut sack almost293 words
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Page 35 Advertisements
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Advertisement16 2010-08-06 35 -s- tt. Lianhe Zaobao Growing number of rooftop clubs bars pushing nightlife here to new heights16 words
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Advertisement14 2010-08-06 36 WINE Bordeaux 1970: holding up but just PAGE 33 Additional reporting by CHRISTOPHER LIM14 words
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