The Business Times, 1 September 2010

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Total Pages: 33
1 34 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, September 1,2010
    22 words
  • 952 1  -  SingTel, StarHub and M1 rolling out their ultra high-speed broadband packages By WINSTON CHAI, VICTORIA HO [SINGAPORE] Local telcos SingTel, StarHub and M1 are taking their bitter rivalry from this generation to the next in a services showdown on Singapore’s next information
    FILE PHOTOS  -  952 words
  • 450 1  -  New commodities exchange goes live, says it won’t chase volumes for now By SIOW LI SEN [SINGAPORE] The Singapore Mercantile Exchange (SMX) finally began operations yesterday, after some two years of planning and preparation. The commodities exchange went live with four
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  • 141 1 ST INDEX 2,950.33 (-6.73) ST INDEX FUTURES 2,947 (-10) SIMSCI 347.99 (-0.41) SIMSCI FUTURES 348.00 (-0.50) FOREX US$ S$ US$ (S$ per US$) 1.357 (US$/S$ per 1.541 2.091 EURO (US$/S$/E) 1.266 1.717 Foreign currency per US$ S$ YEN 84.20 62.10 RM 3.147 2.320 HK$ 7.781 5.735 BAHT 31.29
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  • Page 1 Advertisements
    • 305 1 EXECUTIVE MONEY UBS hopes to double assets in Singapore PAGE 32 TRANSPORT HUB US plans to grade cars on emissions PAGE 26 EQUITIES SGX market cap dips 0.5% in August PAGE 6 PROPERTY Development charge rates raised PAGE 2 V J ,!i :'C iff -t^-' 5§lw«f s** M $<mmM mM#
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  • TOP STORIES
    • 578 2 Telcos take their fight to the next level SINGAPORE telcos SingTel, StarHub and M1 are taking their bitter rivalry from this generation to the next in a services showdown on Singapore's next information superhighway. The country's new fiber-optic backbone opens for business from today and the three telcos
      578 words
    • 991 2  -  Sentosa sees biggest jump in landed residential DC rates, to the tune of 36% By KALPANA RASHIWALA [SINGAPORE] As expected, the government has raised development charge (DC) rates for residential, commercial and industrial uses starting today on the back of Singapore’s broad-based
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    • 1125 4  -  And opportunities in Asia are the most exciting: new boss By GENEVIEVE CUA IT has been just a month since insurance veteran Mark Tucker took the helm at AIA as group executive chairman and chief executive. Now at the tail end of a
      BLOOMBERG FILE PHOTO  -  1,125 words
    • 577 4  -  No back-payment for NSmen who’ve crossed a milestone before Aug 29 By CONRAD TAN [SINGAPORE] The government will pay monetary awards to Singapore national servicemen (NSmen) who reach major milestones in their national service (NS) from Aug 29, to recognise their contributions, the
      577 words
    • 570 4  -  Sheer size of market presents huge potential for region’s companies By ANTHONY ROWLEY ASIA’S “middle class revolution” is already more than half accomplished in terms of the numbers of those living in developing economies who qualify on income grounds as members
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    • 501 4 But analysts still see choppy markets amid recession fears AP Bloomberg [NEW YORK] A surprise jump in consumer confidence gave US and European stocks a lift. The report showed confidence climbed more than expected in August, giving traders some hope that the slowdown
      AP; Bloomberg  -  501 words
    • 495 4 Big firms welcome easing of controls, simplifying system Reuters AFP [WASHINGTON] President Barack Obama yesterday announced moves to reform US export rules, hoping to boost trade while hampering the sale of sensitive technology. He said that streamlining US export restrictions
      Reuters; AFP; REUTERS  -  495 words
  • Page 2 Advertisements
    • 178 2 E v 1 mm W servcorp.com.sg Or Google "Servcorp' r >' *>? World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call
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    • 149 2 www.comexshow.com.sg THE BIGGEST I.T CONSUMER TECHNOLOGY EXHIBITION IN SINGAPORE OPENS TOMORROW 2nd 5th SEPTEMBER 2010 SUNTEC SINGAPORE LEVELS 1, 2, 3, 4 6 12 NOON 9 PM DAILY FREE ADMISSION 5 show floors of EXCLUSIVE COMEX SHOW offers 820 leading manufacturers suppliers showcasing NEW PRODUCTS TECH GADGETS 345,000 sq ft
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  • Page 3 Advertisements
    • 176 3 A thank-you to our partners. It's about time. Singapore Mercantile Exchange thank Singapore and all our partners for their invaluable cooperation and assistance in making this leading-edge institution a reality. It's time to take Singapore's financial services success to the next level. With special thanks to our members and partners,
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  • Page 5 Advertisements
    • 352 5 TODAY IS INDEPENDENCE DAY FOR BUSINESSES EVERY BUSINESS IN EVERY COMMERCIAL BUILDING IS NOW FREE TO CHOOSE THE NEXT GENERATION FIBRE OPTIC BROADBAND NETWORK. For Singapore's businesses and for StarHub, it is the opening up of a bright new day. Because with freedom of choice comes competitiveness, agility and innovation.
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  • COMPANY NEWS
    • 335 6  -  By LYNETTE KHOO SINGAPORE Exchange (SGX) is consulting the public on the proposed introduction of non-ferrous metals futures contracts for trading on its derivatives market. The introduction of new futures contracts arises from SGX’s partnership with the London Metal Exchange (LME). These contracts are
      335 words
    • 967 6  -  Banks, property stocks take hard knock; Genting’s gamble pays off By FELDA CHAY THE Singapore stock market, which has been treading waters amid overseas economic and market uncertainties, took a dip in August, an apparent additional factor being the measures taken
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    • 416 6  -  DBS is tops; OCBC overtakes UOB in global ranking By SIOW LI SEN SINGAPORE’S three local banks have been ranked the safest in Asia. DBS Group, OCBC Bank and United Overseas Bank took the top three places respectively in Global Finance magazine’s ranking
      416 words
    • 870 7  -  HOCK LOCK SIEW By GRACE LEONG GOING international may be the ultimate goal of many “made-in-Singa-pore” fashion brand owners, but breaking into markets like China is definitely no cakewalk. Riding on the back of a sharp earnings turnaround in fiscal 2010 and
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    • 485 9  -  Up to $168.5m in proceeds if bonds are converted to qualify for rights By LYNN KAN EZRA Holdings is driving itself into “a new lap of growth” with a one-for-five rights issue of new shares to raise about $155.3 million in gross
      FILE PHOTO  -  485 words
    • 317 9  -  By YEN PEI WEN FIRST Singapore, then China and then the world. Just how far has OSIM International, a healthylifestyle products group, travelled in its 30 years? Founder and CEO Ron Sim is happy to provide an answer. “From one table in People’s
      317 words
    • COMPANY BRIEFS
      • 53 9 YANLORD Group said yesterday that it had secured contracted pre-sales totalling 709 million yuan, after it sold 84.3 per cent, or 361 out of 428 apartment units from its Yanlord G53 Apartment project in Nanjing. Average selling price stood at about 20,600 yuan
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      • 36 9 YONGNAM Holdings has been awarded a $25 million contract to supply, lease, install and remove steel struts and walers, as part of the MRT Downtown Line 2 project.
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      • 44 9 SMRT Corporation said yesterday that Dilhan Pillay Sandrasegara has resigned as an independent director. Mr Sandrasegara joins SMRT’s holding company Temasek Holdings as head of portfolio management today and can no longer be viewed as an independent director, SMRT said.
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      • 47 9 ASIA Environment Holdings has proposed to place out 89.2 million shares to Goka Limited and Furui Investments Limited at 15 cents apiece, which would raise about $13.4 million. The shares represent 20 per cent of the issued share capital.
        47 words
      • 45 9 KEPPEL Land has appointed Oon Kum Loon as a non-independent and non-executive director. Mrs Oon has been an independent and non-executive director of Keppel Corporation Limited since 2004, and was the chief financial officer of DBS Group until September 2003.
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      • 30 9 TEE International said yesterday it has clinched two engineering contracts worth $54.2 million in total from the National University Hospital and Citibank.
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    • 267 9 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.02.2011 N*****0E 2006 3 1/8 4700.00 1/2 1/8 30 101.15 0.37 SG7E*****983
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    • 258 9 THAI Beverage yesterday announced its fourth year as a “Diamond Sponsor” of the Bull Charge fun run and a $100,000 donation. The Bull Charge raises funds to help children, the disabled and families in need. And this year there is an additional focus on the
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  • Page 6 Advertisements
    • 250 6 ht p NANYANG TECHNOLOGICAL UNIVERSITY Rady San Diego School of Management Nanyang Business School Eureka! You have an innovative breakthrough. Here's how you can make it a commercial success. T V Leadership and Innovation in SCIENCE AND TECHNOLOGY An advanced management programme presented in Singapore and USA Nanyang Business School,
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  • Page 7 Advertisements
    • 653 7 YOUR U.S. TRADING DESERVES BETTER. PAY LESS: Enjoy Low Commission at US$9.99 per trade* GET MORE: New Upgrades of Power E*TRADE Pro Fully redesigned active trading platform in 2010 Useful Order Types for Risk Management Streaming Options Analytics Nasdaq Total View Free Research Reports Market News US$200 Commission Rebate (basic
      653 words

  • SINGAPORE MARKETS
    • 597 8  -  Probable window-dressing props up market in final minutes while broader market activity is news-driven STOCKS R SIVANITHY Senior Correspondent THE end of the month brought with it a fair amount of probable win-dow-dressing yesterday as the Straits Times Index was propped up in the
      Source: Bloomberg  -  597 words
    • 4 8 DAILY
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    • 65 8 Aug 31 VALUE CLOSE BT OB/OS -337.00 -88.00 BT CADI -*****.00-146.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 719.16 +1.83 FTSE ST Small Cap 531.71 -1.85 FTSE ST All Share 726.98 -1.18 FTSE ST China Top 261.11 -0.16 FTSE ST China 292.82 +2.04 FTSE ST
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 4 0 0 0 5 8 4 Manufacturing 29 73 76 4 11 11 33 84 87 Commerce 10 26 26 2 7 5 12 33 31 Tpt/Stor/Comms 13 19 9
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    • BROKERS’ TAKE
      • 384 8 Aug 31 close: $1.59 DMG PARTNERS SECURITIES, Aug 31 AWARDED 28 new shipbuilding contracts; maintain “buy”: Yangzijiang announced that it has won 28 new shipbuilding contracts valued at US$915 million. No details on the customers’ profile were revealed. Following the contract wins, we raise our FY11 EPS forecast
        Source: Bloomberg  -  384 words
      • 503 8  -  DBS VICKERS, Aug 31 Compiled by LYNETTE KHOO TARGETING second home buyers: After Prime Minister Lee Hsien Loong’s National Day Rally speech, the Ministry of National Development has imposed new measures on the property market aimed at curbing speculation and raising affordability. These are: (i) increase holding
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    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 18,610 18,610 91,222 91,222 Manufacturing 509,086 26,849 535,935 626,728 3,777 630,505 Commerce 101,791 34,390 136,181 112,064 5,226 117,290 Tpt/Stor/Comms 168,969 2,644 171,613 262,124 370 262,494 Finance 33,051 42 33,093 367,546 5 367,552 Construction 39,583 50,357
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    • 111 8 Stock name Close Change CapMallsAsia 2.100 +0.020 CapitaLand 3.910 -0.070 CapitaMall 1.940 +0.030 CityDev 10.940 -0.520 ComfortDelGro 1.490 DBS Grp 13.880 +0.020 F&N 5.550 -0.040 Genting SP 1.690 +0.030 Golden Agri 0.560 +0.005 HK Land 5.370 +0.090 JMH 43.400 -0.600 JSH 24.880 +0.040 Jardine C&C 32.520
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    • 595 8 CURRENCIES Reuters [LONDON] The yen came within reach of a 15-year high against the dollar yesterday as investors shrugged off the Bank of Japan’s latest policy easing, betting instead on more yen gains that would test official readiness to intervene. With mounting
      Reuters; REUTERS  -  595 words
    • 54 8 VOLUME PineAgritech 115,137,000 Genting SP 114,221,000 Yangzijiang 71,792,000 BerlianLaju 57,343,000 Wilmar 55,728,000 TopGlobal 48,221,000 Golden Agri 45,863,000 Transcu Grp 42,358,000 SingTel 38,769,000 China Hongxing 38,704,000 VALUE($) Wilmar 346,973,785 Genting SP 189,463,780 UOB 133,564,100 SingTel 118,284,700 DBS Grp 114,867,780 Yangzijiang 114,135,490 CapitaLand 109,612,570 CityDev 80,761,390 OCBC Bk 77,280,410
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    • 115 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 203.4 0.6 DBXT S&P Short 10US$ 5531 168.2 2.3 DBXT FTVietnam 10US$ 3743 113.9 2.3 Lyxor Malaysia 10US$ 834 77.3 7.3 OCBC Bk 5.1%NCPS 100 ***** 40.0 0.4 OCC 5.1% NCPS 100 ***** 30.0 0.3 HK Land 537 12.2 1.7 DBXT
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    • 118 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-341.7 -2.1 DBXT AUDMM 5SG$ *****-188.0 -0.8 UOB 5.05%NCPS 100 *****-160.0 -1.5 JMH 4340 -81.4 -1.4 CityDev.ES.1009 1094 -58.0 -5.0 DBXT MSAsExJp 10US$ 2809 -54.2 -1.4 CityDev 1094 -52.0 -4.5 DBXT MSTaiwan 10US$ 1559 -32.6 -1.5 GLD 10US$ ***** -32.6 -0.2 Lyxor
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    • 84 8 Aug 31 CHNG YR 2010 CLOSE FR Aug 30 S$ LOW S$ HIGH US$ 1.3566 -0.18 1.4219 1.3472 Euro 1.7198 0.15 2.0153 1.6886 Pounds 2.0932 0.71 2.2831 2.0003 A$ 1.2068 0.80 1.2960 1.1515 Yen* 1.6080 -0.75 1.608# 1.4467 Rupiah* 0.***** 0.05 0.***** 0.***** Baht* 4.3376 -0.18 4.3611 4.1977 Peso*
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  • Page 9 Advertisements
    • 269 9 Seoul Beijing e V J Bangkok Kuala Lumpur i Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan
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  • SINGAPORE NEWS
    • 449 10  -  It draws 13 bids, with top offer $813 psf ppr possibly a record for hotel land PROPERTY WATCH By UMA SHANKARI A HOTEL site at the junction of Clemenceau Avenue and Havelock Road has proved to be a top draw. It attracted 13
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    • 478 10  -  By UMA SHANKARI ANOTHER five private housing sites which could yield a total of 2,045 private homes were released for sale by the State yesterday. One of the land parcels, at Petir Road, was launched for sale under the Government’s Confirmed List.
      478 words
    • 472 10  -  New govt measures won’t affect genuine buyers: Lim Hwee Hua By LYNN KAN THE latest slew of government measures to temper the property market is ultimately meant to build up a “sustainable” market and will not affect genuine buyers, said the Minister in the
      472 words
    • 495 10  -  Offer includes 1,408 Build-to-Order flats in Yishun Riverwalk By LYNETTE KHOO THE Housing and Development Board (HDB) is offering 3,032 flats for sale the largest supply of flats in a single launch this year under its Build-to-Order (BTO) and Sale of
      495 words
    • 509 10  -  By MICHELLE QUAH THE team tasked with kickstarting the overhaul of the accountancy sector has been revealed and, expectedly, it includes familiar names from the accounting, legal and corporate fields. The 11 people which include former KPMG managing partner Bobby Chin, who
      509 words
    • 506 10 THE population of Singapore crossed 5 million in June, even as the increase in the number of permanent residents (PRs) slowed to a trickle over the past year. Key findings from the latest 2010 census show the number of PRs grew
      Source: Census of Population 2010, advance release  -  506 words
    • 212 10 ROAD closures for the Formula One (F1) night race will be cut by 12 hours which means affected roads will be open to morning traffic the day after the race ends. The move is one of several to encourage non-race fans to visit the Marina
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    • 235 10 MARINA Bay Sands (MBS) is making a splash on the meetings, incentives, conventions and exhibitions (MICE) scene. It has landed 370 deals to bring 345,000 participants to its convention centre through 2012 and lured trade shows that have not been hosted in Singapore before.
      235 words
    • SINGAPORE ROUNDUP
      • 57 10 FORMER chief justice Yong Pung How has been appointed chancellor of Singapore Management University (SMU), taking over from former finance minister Richard Hu, who has been chancellor for eight years. Mr Yong is currently pro-chancellor of SMU, chairman of the university’s advisory board and
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      • 73 10 THE Singapore Land Authority (SLA) has launched a tender for the master tenancy of 33 colonial bungalows at Mount Pleasant. The bungalows will be rented out on three-year leases with an option to renew for two further three-year terms. Their gross floor
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  • ACCOUNTANCY SPOTLIGHT
    • 1318 11  -  With no external training avenues, audit firms are doing their best to equip their staff for specialised services, reports LYNETTE KHOO LYNETTE KHOO IT IS no mean feat for the accountancy sector to stay on top of its game. Besides battling a talent war with the
      1,318 words
    • 450 11  -  By LYNETTE KHOO HAILING the recommendations of the Committee to Develop the Accountancy Sector (CDAS), educators say they are keen to participate in the initiatives on enhancing continuing education for accountancy professionals. CDAS had in April suggested the setting up of post-graduate accountancy
      450 words
  • Page 11 Advertisements
    • 86 11 AccountAncy ServiceS Sector Where Are We going? The accountancy profession is undergoing dramatic changes. Amidst this transformation process, many have stopped to ask: Where am I? Where are we going? To help you answer these and other critical questions, come join the 2010 ACCA Singapore Annual Conference, Accountancy Services Sector
      86 words
    • 12 11 This is the first of a four-part series brought to you by
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 593 12  -  Customer satisfaction scores were found to be strongly correlated with how well companies handle this area, reports TEH SHI NING TEH SHI NING FOLLOWING up complaints quickly has a strong impact on customer satisfaction, second-quarter findings for the Customer Satisfaction Index of Singapore (CSISG) 2010 show.
      593 words
    • 1029 12  -  By TEH SHI NING UNIVERSITIES and polytechnics may not typically look at students as customers, but one finding from this quarter’s Customer Satisfaction Index for the education sector shows it is in their long-term interest to make sure students have satisfying experiences while
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    • 1127 13  -  But the transportation logistics sector managed to maintain its score, thanks to courier postal services’ improvement, reports TEH SHI NING TEH SHI NING COMMUTERS’recentcom-plaints about trains and buses being overcrowded should soon be a thing of the past once upcoming infrastructure investments are completed, say
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    • 680 13  -  By UMA SHANKARI NATIONAL carrier Singapore Airlines (SIA) scored a record 79.3 points out of a possible 100 in the latest instalment of the Customer Satisfaction Index of Singapore (CSISG). The airline’s score rose by 3.6 points to achieve the highest ever satisfaction
      680 words

  • Page 13 Advertisements
    • 278 13 A HOLISTIC APPROACH TO CUSTOMER SATISFACTION LV SMU SINGAPORE MANAGEMENT UNIVERSITY 10™ ANNIVERSARY I 2000-2010 MANAGEMENT LEVERAGING ON THE CUSTOMER SATISFACTION INDEX OF SINGAPORE TO ENHANCE COMPETITIVENESS The Customer Satisfaction Index of Singapore (CSISG) is an annual study jointly developed by the Institute of Service Excellence at Singapore Management University
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  • ECONOMY WATCH
    • 437 14 Current account deficit shrinks to 8-year low in Q2 Reuters [SYDNEY] Australian retail sales were surprisingly strong in July while sales for June were revised higher, suggesting consumption was not nearly as subdued as feared and the next move in interest rates is still upward.
      Reuters; REUTERS  -  437 words
    • 262 14 Bloomberg [BANGKOK] Thailand’s industrial production growth slowed in July as a faltering global recovery cooled demand for the country’s electronics, giving the central bank less room to keep raising interest rates. Manufacturing output rose 16.3 per cent from a year earlier, after a revised 21.9 per
      Bloomberg  -  262 words
    • 489 14 Finance minister says govt ready to take action on yen if necessary Bloomberg [TOKYO] Japanese ministers yesterday defended measures pledged by the government and the Bank of Japan on Monday after concern deepened that the steps won’t be sufficient to halt the yen’s
      Bloomberg  -  489 words
  • Page 14 Advertisements
    • 157 14 INDUSTRIAL BUILDINGS FOR PURCHASE AND LEASEBACK Owners please call 9231 3317 Ray Int'l Property Consultants Pte Ltd GREEN SLIM P RO J XJ-A135 visit www.casioproiectors.com.se for more details CASIO Singapore Pte Ltd (Sales Marketing Division) 210 Middle Road #10-06 101 Plaza Singapore *****4 Tel (65) 6338 3225 Fax (65) 6338
      157 words
    • 124 14 Pulses September issue out now! newness Ttss r PEOPLE /Kingsmen Creatures forcers Togeiner by des.gn s Togetief w c How will the fallout from the Deepwater Horizon rig disaster affect the offshore industry? Broadway Industrial Group: Does solid state drives present an immediate risk to the company's business? What is
      124 words
    • 14 14 Premier Bungalow Exclusive Dist 11 Private Pool, Lawn ForestView For Rent $13,800 per month
      14 words

  • INDONESIA
    • 537 15 Investors jittery ahead of inflation data, central bank meeting Reuters [JAKARTA] An Indonesian bond swap aimed at extending the maturity profile of government debt and so ease refinancing pressure did not attract successful bids as investors were jittery ahead of inflation data and a
      Reuters  -  537 words
    • 340 15 Bernama [JAKARTA] The business of supplying demonstrators in this large city has become an extraordinary trade that offers the unemployed an income and at the same time teaches them how to demonstrate in an orderly manner. Any group requiring people to stage a demonstration can make
      Bernama  -  340 words
    • 366 15 Reuters [JAKARTA] An Indonesian businessman who played a leading role in a plot to undermine the graft eradication agency in one of Asia’s most corrupt countries was sentenced yesterday to four years in prison. Indonesia is attracting growing interest from foreign investors,
      Reuters; REUTERS  -  366 words
  • Page 15 Advertisements
    • 188 15 Until Chuck Yeager broke the sound barrier, he would not rest. Nor would the designers of the Bell X-1. (California, 1947.) Until you see that we've drawn a line. A line that changes everything. One that sets new standards. That looks at the past with a forensic intensity. And to
      188 words

  • GREATER CHINA
    • 552 16 Currency’s drop for the month is biggest since revaluation in July 2005 Reuters [SHANGHAI] The yuan closed down against the dollar yesterday and notched its biggest monthly loss since its landmark July 2005 revaluation as the People’s Bank of China set a surprisingly
      Reuters; AFP  -  552 words
    • 276 16 Reuters [BEIJING] The Chinese government will give its state-run unions more power to negotiate pay claims and seek to ensure union leaders are not just installed by their firms as proxies of management, state media said yesterday. A burst of strikes
      Reuters  -  276 words
    • 476 16 Regulator throws out its planned sale of Nan Shan Life to a Chinese company Reuters [TAIPEI] Bailed-out insurer American International Group (AIG) faces the prospect of looking for another buyer for its Taiwan unit after regulators yesterday threw out its proposed US$2.2
      Reuters  -  476 words
    • 225 16 Bloomberg [BEIJING] China upheld a preliminary ruling in April that said broiler chicken products imported from the US were subsidised, and imposed five-year punitive tariffs to replace temporary levies. US exporters of broiler chicken and related products will pay anti-subsidy tariffs from 4
      Bloomberg  -  225 words
    • 690 16 Reuters [BEIJING] Three numbers should suffice to give Chinese economic policymakers a sleepless night: 65.4 million, US$28.7 billion and US$2.45 trillion. In order, they are the estimate by a government researcher of how many apartments stand vacant in China, many of them bought
      Reuters; AFP  -  690 words
  • INDIA
    • 616 16 Economists expect more rate hikes on inflation concerns AP Reuters [MUMBAI] India’s economy is on track to grow 8.5 per cent in the current fiscal year to end-March, Finance Minister Pranab Mukherjee said yesterday. The economy grew 8.8 per cent in the quarter
      AP; Reuters; AFP  -  616 words
    • 367 16 Bankers estimate the issue could raise more than US$3b AFP [NEW DELHI] State-run Coal India said yesterday that its giant initial public offering, set to raise billions of dollars and possibly become India’s biggest ever share sale, is due to start in
      AFP; REUTERS  -  367 words
    • 371 16 Bloomberg [NEW DELHI] Billionaire Mukesh Ambani’s Reliance Industries Ltd has acquired a stake in India’s luxury Oberoi hotel chain his seventh investment this year as he diversifies from the oil-and-gas industry that made him Asia’s richest man. Reliance Industries, operator of
      Bloomberg  -  371 words
    • 453 16 AFP [NEW DELHI] After BlackBerry won a reprieve, Google and Skype stepped into the firing line yesterday as India’s security agencies widened their crackdown on online communications firms. India’s BlackBerry users heaved a sigh of relief late on Monday after the government gave
      AFP  -  453 words
    • 317 16 Bloomberg [MUMBAI] India’s capital markets regulator revoked a ban on trading in some securities by Barclays Bank plc after the UK lender took steps to rectify its reporting systems. The Securities Exchange Board of India reversed the ban saying the firm had undertaken
      Bloomberg  -  317 words
  • Page 16 Advertisements
    • 134 16 Introducing the new Volkswagen Passat CC. The 4-door coupe. The sleek new 5-seater Passat CC performs exactly like it looks. Part limousine, part coupe, it represents the best of both worlds. It has the aerodynamic design and performance of a sports coupe, while its spacious interior ensures 5 people can
      134 words

  • ASIA-PACIFIC/WORLD
    • 573 18 Move by Japan’s top commodity brokerage reflects plight of industry Reuters [TOKYO] Mitsubishi Corp Futures, Japan’s leading commodity brokerage, will end all trade at the country’s two leading commodity futures exchanges, highlighting the plight of the industry in the country. The firm is especially well-known
      Reuters  -  573 words
    • 467 18 Bloomberg [TOKYO] Japan’s Prime Minister Naoto Kan failed to persuade rival Ichiro Ozawa to drop a leadership challenge, risking a split in the ruling party that may undermine efforts to beat deflation and halt a surging yen. “We agreed
      Bloomberg; BLOOMBERG  -  467 words
    • 503 18 Home price jump also beats forecast in June year on year LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers rose more than forecast in August, a sign the biggest part of the economy may avoid a slowdown that would derail the recovery. The Conference
      Bloomberg  -  503 words
    • 612 18 AFP Reuters [BEIJING] China has pressed North Korea to speed up economic reforms when the two countries leaders met this week, experts said yesterday. Many analysts said North Korean leader Kim Jong-Il’s five-day tour of north-east China which ended on Monday was aimed
      AFP; Reuters  -  612 words
    • 381 18 AFP [BRUSSELS] Wine producers in Australia can no longer use established names such as Champagne, Port or Sherry for their products under an agreement with Europe that comes into force today. Australia has one year to phase out the use of such names under
      AFP  -  381 words
  • Page 18 Advertisements
    • 184 18 WAT-3 NOTICES (CompanyRegistrationNo.*****0104G) NOTICE WARRANTHOLDERS ADJUSTMENT THEEXERCISEPRICEOFWARRANTSPURSUANT THEISSUE OF58,647,201NEWORDINAR SHARESINTHECAPITALOFKSENERGYSERVICES LIMITED(THE~~~ ~COMPANY TheBoard Directors(the~~~ ~Directors ))o fo of theCompanyrefersto: (a) theannouncementdated December2009 relation theconsolidation theoiland gasandmarinedistributionbusinesses theCompanyandcertain its subsidiaries (including Aqua-Terra Supply Co. Limited ~Aqua-Terra and its former associated companySSHCorporationLtd ~SSH (theBusinessConsolidatio (b) theannouncementdated March2010 relation thebusinessconsolidationandthe circulardispatched shareholdersdatedonthesameday; (c)
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  • Page 19 Advertisements
    • 268 19 dreen save o o y 1' I > e V m 9. I wM K A A P? A €5 C$ v-\ i sQ 1 f* w 1 J K y a geroi©Mlaw! aoita uare acnievea savinas o more than 15% of its annual energy consumption through the process of
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  • WORLD
    • 639 20 Rice University, HP separately overcome barrier to rapid miniaturisation NYT [NEW YORK] Scientists at Rice University and Hewlett-Packard are reporting this week that they can overcome a fundamental barrier to the continued rapid miniaturisation of computer memory that has been the basis for the consumer
      NYT  -  639 words
    • 253 20 AP [PALO ALTO, California] Hewlett-Pack-ard’s board of directors has authorised the repurchase of US$10 billion in shares. The announcement comes as the personal computer maker is involved in a bidding contest with rival Dell Inc for the data storage company, 3Par Inc. HP said it
      AP  -  253 words
    • Article, Illustration
      83 20 [DRESDEN, Germany] People listening to a computer-controlled sound installation as they visit the train wagon “Outside in (Blue)” of the “sounding D” project at the main railway station here last week. A special music train will bring concerts, sound art and actions to 16 cities across the country
      AFP  -  83 words
    • 227 20 AFP [WASHINGTON] US networking giant Cisco has made an offer to acquire Internet communications firm Skype, technology blog TechCrunch said on Monday. TechCrunch, citing what it described as “one of our more reliable sources”, said the San Jose, Califor-nia-based Cisco is seeking
      AFP  -  227 words
    • 758 21 Some big banks end or limit loans to sector they fear risks their reputation NYT [NEW YORK] After years of legal entanglements arising from environmental messes and increased scrutiny of banks that finance the dirtiest industries, several large commercial lenders are taking a stand
      NYT  -  758 words
    • 471 21 Execs want govt to pick a few reactor designs, then let firms choose from list AP [ATLANTA] US power utilities are trying to buy the next wave of nuclear reactors much like a consumer buys a light bulb: right off
      AP  -  471 words
    • 552 21 NYT [NEW YORK] The United Nations needs to revise the way it manages its assessments of climate change, with the scientists involved more open to alternative views, more transparent about possible conflicts of interest and more careful to avoid making policy prescriptions, an
      NYT; AFP FILE PHOTO  -  552 words
  • Page 20 Advertisements
    • 41 20 MATCH &WIN Play the AsiaOne Match &Win Game now! A total of 3 prizes of a holiday to a destination of your choice (valued at $1000) and 2 Acer netbook computers to be won. Log on to www.asiaone.com/a1 now to play.
      41 words

  • Page 21 Advertisements
    • 216 21 WINE DINE AND HOSPITALITY MID-AUTUMN TRADITIONS Tradition meets elegance with baked and snowskin mooncakes created by Hai Tien Lo's Master Chef Lai Tong Ping. Savour classics White Lotus Seed Paste with Single or Double Yolk, Pandan Paste and Five-grained White Lotus Seed Paste or snowskin flavours including Indulgent Durian, Sweet
      216 words

  • EDITORIAL & OPINION
    • 503 22 EDITORIAL CAUTIOUS and calibrated, or potentially excessive? Reactions to the government’s latest package of measures to cool a frothy property market have touched both ends of the spectrum. On the one hand, observers are generally agreed that the curbs announced on Monday the third wave
      503 words
    • 772 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THE only lady vice-minister in China’s Foreign Ministry is Fu Ying, a well-coiffed, sophisticated, mild-mannered 57-year-old, an ethnic Mongol who speaks flawless English who has served
      772 words
    • 1017 22  -  Central bankers can only help political leaders solve economic problems, says the Fed chief LEON HADAR Washington Correspondent WITH the elected American politicians in the White House and Congress running out of policy options on the economic and national security fronts, President
      BLOOMBERG  -  1,017 words
    • 1290 23  -  The prevailing view is that bankers and traders supported the Obama candidacy because he appealed to their egos By ANDREW ROSS SORKIN NYT DANIEL S Loeb, the hedge fund manager, was one of Barack Obama’s biggest backers in the 2008 presidential campaign. A registered
      NYT; AFP  -  1,290 words
    • 814 23  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book on the Greek debt crisis. The opinions expressed are his own WHAT does a country need to do to make a success of the euro? The European Commission
      814 words
    • 576 23  -  LETTER TO THE EDITOR Darryl Wee Country head ACCA Singapore WE refer to the article “Report environmental, social risks, firms told” by Jamie Lee (BT, Aug 30). We welcome the Singapore Exchange’s (SGX) proposal for listed companies to report on sustainability issues, including environmental
      576 words


  • Transport HUB
    • 749 24  -  The liner shipping industry is beginning to accept that the future has to involve greater dialogue with shippers STRAIT TALK By DAVID HUGHES A FEW weeks ago, I mentioned that the man behind the Shipper’s Voice website, Andrew Traill, is always good value for his opinions.
      749 words
    • 546 24 Firm sees box traffic continuing to grow but at slower pace Bloomberg [HONG KONG] China Merchants Holdings (International) Co, an investor in ports moving about a third of the country’s containers, has said that first-half profit rose 12 per cent as gains
      Bloomberg; BLOOMBERG  -  546 words
    • 292 24 Bloomberg [COLOMBO] China Merchants Holdings (International) Co and Aitken Spence Co have won a contract to build a new terminal in Sri Lanka’s Colombo port, the head of the island nation’s ports authority said. A special meeting of the Cabinet approved the order
      Bloomberg  -  292 words
    • 312 24 AP [HANOI] The new boss of one of Vietnam’s largest state-owned companies has been suspended less than a month after the chairman of the debt-laden ship-building conglomerate was arrested on charges of mismanagement, a company spokeswoman said yesterday. The board of directors of Vietnam Shipbuilding Industry
      AP  -  312 words
    • 278 24 SGX '000 Aug 31 S$ +/-Vol CH Offshore 0.51 -0.01 2127 Chuan Hup Hldg 0.26 -0.01 20 Cosco Corp 1.58 0.03 ***** CWT Ltd 0.90 -0.02 248 Ezra Hldgs unch unch 0 First Ship Lea 0.41 0.01 602 Freight Links 0.06 unch 285 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • 538 25 Course presented to the courts includes debt waiver of 521.5b yen AFP [TOKYO] After a two-month delay, struggling Japan Airlines announced yesterday details of a rehabilitation plan that would see thousands of job cuts as well as route closures and a
        AFP; BLOOMBERG  -  538 words
      • 289 25 Reuters [JAKARTA] Indonesia will spend up to one trillion rupiah (S$150 million) on a new air traffic control radar at Jakarta’s main airport after the existing system failed and caused delays, a minister said yesterday. Fixing Indonesia’s rickety infrastructure is seen as
        Reuters  -  289 words
      • 209 25 Reuters [BANGALORE] Crash investigators are re-evaluating the performance of aircraft braking systems in rainy conditions, following the overshooting of an American Airlines plane on the runway while landing in Jamaica last year, the Wall Street Journal reported. The Boeing 737 aircraft, owned
        Reuters  -  209 words
      • 2941 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 --QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
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      • 543 25 Their revenue takes a beating from suspended flights Reuters [MEXICO CITY] Airport operators in Mexico are feeling the pinch after three troubled airlines suspended dozens of flights and uncertainty remains about whether other companies can pick up the traffic from cancelled routes. Mexicana, one
        Reuters; REUTERS  -  543 words
    • TRANSPORT HUB: LAND
      • 668 26 Graded cars take your pick US plans to label cars ‘A+’ to ‘D’ to help consumers buy fuel-saving vehicles Reuters [WASHINGTON] Gasoline misers such as the Toyota Prius would get an “A-” while muscle cars including the Ferrari 612 would get a “D” under a labelling programme proposed by the
        Reuters; AFP  -  668 words
      • 439 26 Bloomberg [NEW DELHI] Honda Motor Co plans to increase car dealerships by 28 per cent in India and will boost advertising to reverse flagging sales as it introduces its lowest-priced car next year. Honda’s local unit will increase outlets to 150
        Bloomberg  -  439 words
      • 548 26 It wants minicar to be strong contender for small-car market AP [DETROIT] Chrysler on Monday told 400 dealers about its plans to bring the Fiat brand back to the US after a 30-year absence, starting with the Fiat 500 minicar later
        AP  -  548 words
      • 193 26 AFP [WELLINGTON] New Zealand officials have allowed a motorist to keep her licence plate “ARYAN 1” because it was intended to be a gesture of affection towards her former partner, not a statement of white supremacy, it was reported yesterday.
        AFP  -  193 words
      • 219 26 Bloomberg [STOCKHOLM] Volvo Cars, the Swedish automaker owned by Zhejiang Geely, plans to challenge BMW and Daimler with its new V60 station wagon in Europe. Volvo forecasts annual sales of 50,000 of the V60, a sportier vehicle which goes on sale this
        Bloomberg  -  219 words
      • 293 26 AFP [BEIJING] China’s Great Wall Motor Co Ltd plans to set up auto assembly lines in five countries by the end of 2012 as it steps up efforts to expand overseas, state media said yesterday. The privately owned auto maker, based in the northern province
        AFP  -  293 words
  • Page 24 Advertisements
    • 555 24 WATci NOTICES A m m iff m m m a REA GROUP RENEWABLE ENERGY ASIA GROUP LIMITED (formerly known as SUPERIOR FASTENING TECHNOLOGY LIMITED) (Incorporated in Bermuda) (Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in
      555 words
    • 17 24 fr-Zitk Lianhe Zaobao Built by overseas Chinese Haikou's century-old Qilou Arcades to turn into commercial centre ss-nnmmmi
      17 words

  • Page 25 Miscellaneous
    • 302 25 CRYPTIC CROSSWORD Across 1 Maverick girl, not entirely suitable (6) 5 Quickly following vehicle, hardtop? (8) 9 Insects from swamps a stupid boy collected (5,5) 10 Piece of news I came across on the way back (4) 11 Womaniser reluctant to attend a wild party? Not quite (8) 12 Cry
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  • SINGAPORE STOCKS
    • 8916 27 Transaction date: Aug 31 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20.5 13 3148 8Telecom 18 -0.5 130 18 18 18 18.5 1.7 10.1 5.8 86.2 12 6 5834
      8,916 words
    • 1736 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 9 4.5 1181 t AA Grp 4.5 4 4.5 25 4.3 225 130 6222 t APStrategic 194 179 190 115.1 4 0.5
      1,736 words
    • 9328 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ APS Alpha Fund (USD)!** 0.85/ APS Alpha Fund Cl B SGD!** 1.14/ APS Alpha Fund Cl B USD!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,328 words
    • 813 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 $mil 124 107 6389 ABF SG Bond ETF 115 113 115 525 919 716 CIMBAsean40 100US$ US914 -5 65 919 914 912 917 36.6 306
      813 words
    • 259 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 $mil 56 36.5 6000 AVJennings A44cd -0.5 2 44 44 43.5 47 3.6 8 3.5 114.6 31.5 16 6017 Genting HK US$ US28.5 -0.5 *****
      259 words
  • Page 27 Advertisements
    • 67 27 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 •SINCERE FINE WATCHES SINCERE NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65)
      67 words


  • FINANCE & COMMODITIES
    • 374 29 In local curr In S$ In US$ dy yr dy yr dy yr Aug 30 Index Change Change Change Change Change Change World Index Preliminary 784.3 -0.2 -5.8 -0.2 -10.2 -0.1 -6.9 EAFE Preliminary 730.2 0.3 -7.0 0.2 -12.6 0.3 -9.4 Europe Preliminary 1059.2 -0.2
      374 words
    • 180 29 Aug 31 RATES Aug 31 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.33 0.23 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months
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    • 22 29 Aug 31 S$ Bid Offer 1-month 1.3561 1.3573 2-months 1.3561 1.3573 3-months 1.3560 1.3573 6-months 1.3557 1.3570 Source: OCBC
      22 words
    • 132 29 Aug 31 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1980 1.2350 Can dollar 1.2710 1.2860 Euro 1.7040 1.7240 NZ dollar 0.9440 0.9660 Sterling pound 2.0850 2.1090 US dollar 1.3490 1.3650 Local dollars to 100 units of foreign
      132 words
    • 27 29 Aug 31 Open High Sett STI Sep 2947 SIMSCI Sep 347.6 348.6 348.0 Taiwan Sep 273.7 274.1 268.3 Source: MF Global (S) Pte. Ltd
      27 words
    • 66 29 Aug 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2716 2720 2720 2710 189 2911 Oct 10 2658 2615 2658 2603 1443 ***** Nov 10 2580 2570 2585 2550 7921 ***** Dec 10 2575 2562
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    • 427 29 Aug 31 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6875 0 1062 Dec10 99.5750 0 2484 Mar11 99.5200 0 2713 Jun11 99.4450 0 1954 EUROYEN TIBOR FUTURES Sep10 99.6550 0 3745 Dec10 99.6800 99.6975 99.6800 99.6900 0 1867 Mar11 99.7050 0 2043 Jun11 99.7300 99.7300
      427 words
    • 155 29 Aug 31 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 341.0 339.0 339.0 22 Oct 10 339.0 339.0 339.0 20 Nov 10 339.5 339.5 339.5 35 Dec 10 339.5 339.5 340.0 6 Jan 11 340.0 Feb 11
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    • 86 29 Aug 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 02.12.2010 0.28 0.23 0.23 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.25 5-Year N*****0N 1.375 01.10.2014 102.78 7-Year N*****0Z
      86 words
    • 105 29 Aug 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1018.00 1022.00 1029.00 1016.00 Nov 10 1022.50 1026.00 1034.00 1020.50 Jan 11 1031.75 1034.25 1042.00 1029.25 Mar 11 1036.00 1038.75 1046.00 1035.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 39.95 40.20 40.50
      105 words
    • 77 29 CRUDE OIL PRODUCTS Aug 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.27 0.60 WTI (Near Mth) 74.47 -0.80 Dubai (1-Mth F) 74.28 1.20 Tapis blend 81.20 1.25 Minas 76.20 1.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.22 0.89 Jet Kerosene 86.40 1.45 US$/barrel Opec Oil
      77 words
    • 2345 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3.5 2146 1 3 -7 2.00 4 6221 Asia-Pacific Strategic W*****6 38.5 1 150 -3 5.04 45 6227 ASJ Hldgs W*****1 3.5 1 4 15
      2,345 words
    • 5721 30 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      5,721 words
    • 464 29 Aug 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 6.057 0.703 6.922 41.849 80.487 0.749 10.666 2.800 1.274 76.154 40.352 1.207 6.563 0.909 28.507 27.836 0.577 0.890 Canada 1.060 6.420
      464 words
    • 85 29 Aug 31 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 155 29 Aug 31 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2061 1.2077 0.8894 0.8898 Canadian dollar 1.2781 1.2801 0.9425 0.9431 Euro 1.7163 1.7182 1.2656 1.2659 NZ dollar 0.9467 0.9482 0.6981 0.6986 Sterling pound 2.0902 2.0921 1.5413
      155 words
    • 138 29 Aug 31 GOLD (US$/oz) Aug 31 Aug 30 Hong Kong 1235.00 1237.10 Aug 26 Aug 27 London 1239.05 1241.00 1239.55 1241.70 Source: Thomson Reuters CAST BAR Aug 31 (S$) Selling Buying Kilobar 57,873.09 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129.47 54 5gm 368.08 270 10gm 656.98
      138 words
    • 71 29 Aug 27 Aug 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2044.75 2012.25 3 months 2058.00 2023.00 Copper, Grade A (US$/tonne) Cash 7447.25 7291.50 3 months 7459.00 7304.50 Lead (US$/tonne) Cash 2064.50 2000.00 3 months 2090.00 2025.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 29 Aug 27 COCOA (£/tonne) Close Prev High/Low Sep 10 1981 2023 2033/1981 Dec 10 1931 1945 1961/1929 Mar 11 1943 1957 1973/1940 May 11 1955 1970 1985/1953 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1597 1563 1621/1548 Nov 10 1637 1597 1661/1583 Jan 11 1653 1613 1677/1600 Mar 11
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  • executive Money
    • 672 32  -  UBS hopes industry/profession-wise segmentation of its S’pore-domiciled clients will double its assets here ‘Based on reports such as Capgemini, the growth of the number of millionaires here is mind-boggling. There is so much space to grow. If we put our act together and be
      672 words
    • 281 32  -  By GENEVIEVE CUA JP MORGAN Asset Management is making its first foray into Singapore’s crowded retail market with the launch of 21 funds. Most of the line-up are equities funds investing in emerging markets and natural resources. Andrew Creber, the firm’s
      281 words
    • 564 32 Bloomberg [NEW YORK] Meyer Shields says earnings at Warren Buffett’s Berkshire Hathaway Inc will increase the most since 2006 this year. He’s also telling investors to sell the shares because the economic recovery is weakening. The Stifel Nicolaus Co analyst
      Bloomberg  -  564 words
    • 1528 33  -  Is the global economy in jeopardy? Can emerging markets keep the recovery going? MONEY MATTERS HAREN SHAH Mr Shah is senior investment specialist with Citi Private Bank. Opinions expressed herein should be regarded solely as general market commentary, and may change without prior notice.
      Source: Haver and CIRA. As of June 30,2010  -  1,528 words
    • 988 33 NYT [NEW YORK] The estate tax is a great wedge issue in a politically polarised time. Take this oft-cited example: If a billionaire dies this year, no estate tax will be paid, but the estate of someone with more than US$1 million who
      NYT; AFP  -  988 words
  • Page 32 Advertisements
    • 1423 32 MATS Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF BBAANKOFSIN APOREASSET MANAGEMENTTD. (INMEMBERS’ UNTAR LIQUID TION) CO.REG. O. *****468E NNOOTICEOFRESOLUTIONS AAtt anExtraordinar Gener Meeting he Compan held TheBoar oom,Bank Singapor Limited, affl Place, #08-0 RReepublic Plaza, Singapor 86 on 25t day
      1,423 words
    • 188 32 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GMX PERFORMANCE FILMS PTE LTD (REG. NO.: *****9833M) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the
      188 words

  • Page 33 Advertisements
    • 60 33 2nd Annual Asia Trade Export Finance Conference 5-6 October, 2010 Grand Hyatt Singapore Over 200 senior management attendees will discuss the outlook for trade finance in Asia At Sponsors include: Bank of America Merrill Lynch, Citi, ABN Amro, National Australia Bank, Standard Chartered, Atradius and many more. events@exportagroup.com In partnership
      60 words

  • Page 34 Advertisements
    • 88 34 Never invest in anything without the right signature. In today's investment environment one signature stands out as a sign of trust, reliability and performance J.P. Morgan. Ask for our funds by name when you next talk to your investment advisor. iE Asset Management www.jpmorganam.com.sg Investors should note that any investment
      88 words