The Business Times, 15 September 2010
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2010-09-15
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The Business Times
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Title Section23 2010-09-15 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, September 15,201023 words
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783 2010-09-15 1 JAMIE LEE - ADRs of 19 US-listed Chinese firms to be quoted here; others may follow By JAMIE LEE [SINGAPORE] The Singapore Exchange (SGX) said yesterday that it would offer the trading of 19 American Depository Receipts (ADRs) of several large Chinese firms next month.783 words
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Article140 2010-09-15 1 ST INDEX 3,048.65 (-18.16) ST INDEX FUTURES 3,049 (-18) SIMSCI 359.03 (-2.76) SIMSCI FUTURES 359.00 (-3.00) FOREX US$ S$ US$ (S$ per US$) 1.338 (US$/S$ per 1.539 2.060 EURO (US$/S$/E) 1.286 1.721 Foreign currency per US$ S$ YEN 83.30 62.30 RM 3.109 2.323 HK$ 7.768 5.804 BAHT 30.76140 words
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Article, Illustration758 2010-09-15 1 KALPANA RASHIWALA - Property funds offload units as prices rise again By KALPANA RASHIWALA [SINGAPORE] Bulk deals involving high-end apartments are gathering pace again. Some property funds which invested in Singapore’s upmarket residential sector are taking advantage of a price recovery in this segment to exitARTHUR LEE - 758 words
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Page 1 Advertisements
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Advertisement100 2010-09-15 1 COMMENTARY A guide to China’s currency plan PAGE 23 EXECUTIVE MONEY Less liquid stocks give higher returns PAGE 36 STRAIT TALK A welcome, lucid look at maritime realities HOCK LOCK SIEW How valid is ‘buy and hold’ maxim today? PAGE 6 PAGE 24 8 '*****1 *****4 global THE ULTIMATE LIVING100 words
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TOP STORIES
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Article550 2010-09-15 2 SGX to launch ADR trading platform in Oct THE Singapore Exchange said yesterday that it would offer the trading of 19 American Depository Receipts of several large Chinese firms next month. This is seen as a bid to channel funds that are flowing to the US markets which550 words
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410 2010-09-15 2 Fund hopes to sell a minority stake in the business at 1.3 to 1.4 times book value Reuters [SINGAPORE] The logistics unit of Singapore sovereign fund GIC has assets worth over US$8 billion and the fund hopes to sell a minority stakeReuters - 410 words
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Article, Illustration511 2010-09-15 2 Reuters [HONG KONG] The yuan closed higher after hitting a fresh post-revaluation high against the dollar yesterday, with Beijing seen conceding to let the yuan rise as US lawmakers call for a vote on a bill to get tough with ChinaReuters; AFP - 511 words
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568 2010-09-15 4 SIOW LI SEN - Asia-Pac survey shows S’pore customers least likely to ditch banks By SIOW LI SEN [SINGAPORE] Bank customers here seem to be suckers for punishment. Despite getting lousy service, unhappy customers are least likely to ditch their main banks, according to an Ernst Young Asia568 words
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Article, Illustration458 2010-09-15 4 LATEST US DATA Reuters [WASHINGTON] Sales at US retailers posted their largest gain in five months in August on strong receipts at gasoline stations and clothing outlets, further assuaging fears of a double-dip recession. The Commerce Department yesterday said total retail sales rose 0.4Reuters; AFP - 458 words
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712 2010-09-15 4 S JATASANKARAN - By S JATASANKARAN JERNEH Asia and Paramount Corporation yesterday announced the sale of their 80 and 20 per cent interests in Jerneh Insurance to US-based ACE INA International Holdings for RM654 million (S$282 million) cash. Both companies, whose712 words
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686 2010-09-15 4 Reuters [TOKYO] Japanese Prime Minister Naoto Kan will keep his job after an unexpectedly decisive victory in a ruling party leadership vote yesterday, but must now unify his party and forge deals with the opposition in a divided parliament. Mr Kan,Reuters - 686 words
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Page 2 Advertisements
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Advertisement474 2010-09-15 2 IBPO AUDIT TAX-ADVISORY SINGAPORE FINANCIAL REPORTING STANDARDS UPDATE 2010 To stay relevant and effectively maintain your competitive edge in today's market, you need to adapt and evolve in response to the ever changing landscape in Singapore Financial Reporting Standards (FRS). At this one-day seminar, the BDO financial reporting team will474 words
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Advertisement175 2010-09-15 2 V Aalto University Executive MBA Innovative Strategies Inspiring Leadership Finland Poland Singapore South Korea Taiwan Helsinki School of Economics is now Aalto University, Finland's largest and leading institution. Aalto University is an innovative merger of Helsinki School of Economics, Helsinki University of Technology and the University of Arts Design, Helsinki175 words
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Page 3 Advertisements
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Advertisement399 2010-09-15 3 At the heart of medical excellence Raffles Hospital 3.4km I KK Women s and Children's Hospital 1.6km National Skin Centre ParkwayHealth Day Surgery Medical Centre 1.2km Hi aigii is nc ■■Mill ii L Connexion 2.2km < I i i I v i .r m V V N V N IXOV399 words
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Page 4 Advertisements
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Advertisement202 2010-09-15 4 G1 n$ b a 2 RONICS 2 0 10 13-15 September 2010 (Mon Wed) Sands Expo And Convention Centre, Hall A Marina Bay Sands, Singapore 10am 6pm daily www.globaltronics.com.sg Featuring Green Technologies for Electronics Manufacturing N£U FEATURE Printed Electronics Companies will be presenting products services at the Printed Electronics Showcase202 words
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Page 5 Advertisements
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Advertisement205 2010-09-15 5 For more information please visit www.porsche.com.sg Now with a V6 engine to drive your rational side wild. The new Panamera. Starting from SGD 279,888* to the limits you set. Controlled irrationality: the 3.6-litre V6 naturally aspirated engine of the new Panamera and Panamera 4 comes with Direct Fuel Injection (DFI)205 words
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COMPANY NEWS
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Article, Illustration438 2010-09-15 6 UMA SHANKARI - But they’ll have to seek new markets to maintain growth, conference told By UMA SHANKARI FRASERS Hospitality intends to open another nine service residences under its new Modena brand over the next 12 months, chief executive Choe Peng Sum said yesterday. The group, which is438 words
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Article, Illustration309 2010-09-15 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI BUDGET carrier Tiger Airways handled more passengers and enjoyed a higher load factor year-on-year in August. The average load factor rose 5 percentage points to 86 per cent from a year back, while the number of passengers grew 18FILE PHOTO - 309 words
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335 2010-09-15 6 JAMIE LEE - Wide-ranging talks by experts for today’s more aware investors By JAMIE LEE THE Securities Investors Association (Singapore), or SIAS, will launch Singapore’s first Corporate Governance Week next month. The event, from Oct 4 to 8, will bring together various experts in the335 words
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666 2010-09-15 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IS THERE really such a thing as a “long-term” investor who buys stocks to hold them for years and years, riding out the inevitable volatility in the interim because he buys the conventional wisdom which says666 words
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Article, Illustration302 2010-09-15 10 EMILYN YAP - Net proceeds to China-based firm could come up to at least $13.4m By EMILYN YAP YAMADA Green Resources, a China-based mushroom and processed food producer and supplier, is seeking a mainboard listing in Singapore. The company lodged its preliminary prospectus with the Monetary Authority302 words
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490 2010-09-15 10 It points to robust consumer demand in China, India, Indonesia Bloomberg [SINGAPORE] The APS Asia-Pacific Hedge Fund, which has more than doubled in the past 18 months, is betting Asian consumer stocks will continue to rise even as growth in the US turnsBloomberg - 490 words
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408 2010-09-15 10 MICHELLE QUAH - By MICHELLE QUAH DIVERSIFIED book retailer and property developer Popular Holdings has recorded lower revenue and profit for its fiscal first quarter from a year ago with the previous period’s takings boosted by the sale of its One Robin development. The group saw408 words
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265 2010-09-15 10 Reuters [BANGKOK] Thai Beverage Pcl, Thailand’s largest brewer and distiller, has scrapped plans to list shares on its home market and will not do a backdoor listing via a subsidiary, its CEO said yesterday. “We no longer have a plan to list in Bangkok,”Reuters - 265 words
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Article, Illustration503 2010-09-15 11 FELDA CHAY - He is claiming sum for alleged wrongful termination of employment By FELDA CHAY TELEDATA’S former chief executive Christopher Pan has sued the IT and communications company, claiming $1.305 million for alleged wrongful termination of his employment. The claim includes legal costs and interest. The503 words
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336 2010-09-15 11 RACHEL SIM - Low Keng Huat Q2 profit jumps 41 By RACHEL SIM LOW Keng Huat (Singapore), the subject of a takeover offer from Consistent Record Sdn Bhd, yesterday reported a 41 per cent increase in net profit to $28.44 million for the quarter ended July 31, from $20.11 million a year earlier.336 words
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COMPANY BRIEFS
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122 2010-09-15 11 BANYAN Tree Holdings set up the Banyan Tree China Hospitality Fund on Monday to raise a targeted 1-1.5 billion yuan (S$198-S$297 million) by way of a private placement. The private equity fund completed its first closing on the same day with capital commitments122 words
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72 2010-09-15 11 METAX Engineering Corporation said that it has won a US$722,400 order from India Dyeing Mills (P) Ltd for the supply of a reverse osmosis plant for wash water flow and membranes. The order is expected to be fulfilled by January 2011 and is expected72 words
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82 2010-09-15 11 TEE International Ltd said that its subsidiary, TEE Realty Pte Ltd, has exercised the option to buy 448 East Coast Road site for $11.38 million. The site, previously known as Mellow Mansion, has a plot ratio of 1.4 times and a gross floor82 words
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34 2010-09-15 11 MAPLETREE Logistics Trust has completed the acquisition of Multi-Q Centre in South Korea for 28 billion won (S$32 million). This brings the number of properties in its portfolio to 88.34 words
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377 2010-09-15 11 KAREN NG - By KAREN NG CHINA Flexible Packaging Holdings’ net profit plunged 82.1 per cent to 1.7 6 million yuan (S$348,000) for the third quarter ended July 31, from 9.8 million yuan in the corresponding year-ago period. This was despite a377 words
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Page 6 Advertisements
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Advertisement172 2010-09-15 6 »AT-=i V RECRUIT BUY IT-SELL IT-FIND IT CONCORD ENERGY PTE LTD, a locally-based international commodity trading company, is seeking to hire an experienced Manager Projects Energy to join its project development team. Under the direction of the Director of Projects Development, the Project Manager willassistinmanaging,prioritizing,andmonitoringthedevelopmentofinternational energy projects. The successful candidate172 words
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Advertisement178 2010-09-15 6 adv ASIAPOWERCORPORATIONLIMITED (Incorporated theRepublic Singaporeon March1997) (Compan RegistrationNo *****1487C) NOTICEOFEXTRAORDINAR GENERALMEETING NOTICEISHEREBYGIVEN that anExtraordinar Gener Meeting theshareholders Asia PPoowwer Copo mi he CCompa wi behe on30Se embe 2010 30 m. Pr ateRoom1-3,TheExecutives’Club #33-01OCBCCentre 65ChuliaStreet,Singapore*****3 ffor thepurpose consideringand, thoughtfit,passingthe ollowingordinar resolution with or withoutan modifications: ASANORDINAR RESOLUTION: RESOLVEDTHA ((AA)) appro beand178 words
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Advertisement23 2010-09-15 6 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES23 words
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Advertisement50 2010-09-15 7 J £<t th birthday, our m A Off A you packin i tiQee If* %r /i y m. <> rr seats are limited and may not be available on peak travel dates, fare stated is for one-way travel, excludes taxes, please visit www.tigerairways.com for more information, terms and conditions apply.50 words
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Advertisement368 2010-09-15 8/9 Today Marks the Grand Opening of World's First 300mm Manufacturing Operation at STATS ChipPAC Singapore by Mr Lim Swee Say, Minister, Prime Minister's Office, Secretary-General, National Trades Union Congress w m \V lylife y-I—^ 4 We are proud to celebrate this important milestone of STATS ChipPAC in Singapore the official368 words
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Advertisement108 2010-09-15 10 Your health is clearly one 60 medical specialists, MEDICAL SER#I Aesthetics/Cosmetic Surgery Anaesthesiology Anti-aging Cardiology Colorectal Surgery Day Surgery Centre Dentistry Dermatology Ear, Nose Throat (ENT) Fertility Centres General Practioners General Surgery Geriatric Medicine Hand Surgery Laboratory Multi Specialist General Surgery Geriatric Medicine Laboratory Multi Specialist Obstetrics and Gynacology Oncology108 words
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Page 11 Advertisements
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Advertisement272 2010-09-15 11 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. r ,ri m m 49 .sr Cycle Carriage (Exclusive Dealer) Authorised Service Centers: Passenger Cars Mercedes-Benz Center, 301 Alexandra Road. Tel: 6866 1600 Pandan Loop Service272 words
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SINGAPORE MARKETS
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Article, Illustration564 2010-09-15 12 R SIVANITHY - Index again tracks HK and Europe; market advance-decline scoreboard stands at 202 to 216 STOCKS R SIVANITHY Senior Correspondent TRYINGtoanticipatewhat Wall Street might do in the session ahead can be a tricky business. And so it was that traders here yesterday probably decidedSource: Bloomberg - 564 words
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Article66 2010-09-15 12 Sep 14 VALUE CLOSE BT OB/OS 544.00 -68.00 BT CADI -*****.00 -23.00 BT 10-day MA -*****.00 +54.00 FTSE ST Mid Cap 748.66 -5.00 FTSE ST Small Cap 555.13 -1.21 FTSE ST All Share 752.49 -4.40 FTSE ST China Top 279.15 +0.05 FTSE ST China 317.29 -2.45 FTSE66 words
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Article60 2010-09-15 12 VOLUME *Genting HK US$ 225,463,000 Genting SP 174,502,000 Uni Envtech 123,915,000 PineAgritech 121,966,000 Memstar 75,060,000 Golden Agri 73,820,000 Kreuz 72,258,000 Vallianz Hldgs 66,086,000 NetPac W*****1 49,000,000 TSH 47,951,000 VALUE($) Genting SP 341,246,490 *Genting HK US$ 146,132,917 DBS Grp 101,531,480 SGX 101,338,820 Uni Envtech 57,203,355 Noble Grp 57,099,73060 words
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Article186 2010-09-15 12 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 7 0 0 0 4 6 7 Manufacturing 62 63 66 5 9 14 67 72 80 Commerce 18 23 33 5 1 5 23 24 38 Tpt/Stor/Comms 11 20 11186 words
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BROKERS’ TAKE
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Article, Illustration403 2010-09-15 12 Singapore Exchange Sept 14 close: S$8.20 OCBC Investment Research, Sept 14 DESPITE the volatile market, the Singapore Exchange (SGX) has done well since hitting the recent bottom in Q1 of calendar year 2009, when it recorded net earnings of S$55 million for the quarter. Since then, it hasSource: Bloomberg - 403 words
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Article491 2010-09-15 12 CONRAD TAN - Sept 14 close: S$0.59 DMG Partners Research, Sept 14 Compiled by CONRAD TAN WE had previously downgraded Golden Agri-Resources on concerns of possible investigation by the authorities following allegations by Greenpeace. Nothing of that sort has happened, and Golden Agri has confirmed that it is not under investigation491 words
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Article121 2010-09-15 12 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 19,955 19,955 46,569 46,569 Manufacturing 614,739 24,546 639,285 297,877 4,762 302,639 Commerce 97,751 111,018 208,769 131,627 18,666 150,293 Tpt/Stor/Comms 117,297 710 118,007 181,555 88 181,643 Finance 30,739 95 30,834 292,050 13 292,063 Construction 29,576 14,960121 words
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Article112 2010-09-15 12 Stock name Close Change CapMallsAsia 2.190 -0.060 CapitaLand 4.020 +0.020 CapitaMall 1.990 -0.050 CityDev 11.620 -0.140 ComfortDelGro 1.540 -0.010 DBS Grp 14.040 -0.180 F&N 5.940 +0.010 Genting SP 1.910 -0.080 Golden Agri 0.590 -0.005 HK Land 6.000 -0.100 JMH 43.800 +0.260 JSH 25.600 +0.100 Jardine C&C112 words
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Article, Illustration490 2010-09-15 12 hits 15-year low vs yen after Japan vote CURRENCIES Reuters [NEW YORK] The dollar slid to a 15-year low against the yen yesterday after Japan’s prime minister won a ruling party leadership vote, while the euro struggled after an unexpectedly sharp decline in German investor sentiment. A report showing USReuters; AP - 490 words
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Article112 2010-09-15 12 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 258.2 1.5 GLD 10US$ ***** 123.1 0.8 DBXT MSTaiwan 10US$ 1687 49.5 2.2 SGX.ES.1009 818 45.0 5.8 Lyxor India Nifty 10 1690 40.0 2.4 DBXT MSMSIA 10US$ 1189 34.8 2.2 JMH 4380 34.8 0.6 SGX 820 27.0 3.4 Lyxor China H112 words
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Article119 2010-09-15 12 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5122 -44.2 -0.6 DBS Grp 1404 -18.0 -1.3 CityDev 1162 -14.0 -1.2 HK Land 600 -13.4 -1.6 Ascendasreit 217 -12.0 -5.2 SIA 1606 -12.0 -0.7 STXPO 100 1332 -10.0 -0.7 UOB 1862 -10.0 -0.5 Genting SP 191 -8.0 -4.0 Jardine C&C119 words
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Article84 2010-09-15 12 Sep 14 CHNG YR 2010 CLOSE FR Sep 13 S$ LOW S$ HIGH US$ 1.3378 0.03 1.4219 1.3378@ Euro 1.7193 -0.32 2.0153 1.6886 Pounds 2.0614 0.32 2.2831 2.0003 A$ 1.2472 0.08 1.2960 1.1515 Yen* 1.6068 -0.86 1.6080 1.4467 Rupiah* 0.***** -0.25 0.***** 0.***** Baht* 4.3456 0.13 4.3611 4.1977 Peso*84 words
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SINGAPORE NEWS
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Article, Illustration555 2010-09-15 13 CONRAD TAN - DBS says weaker growth due to capacity constraints, driving up inflation By CONRAD TAN INTEREST rates are likely to rise across most of Asia even as economic growth slows sharply in the coming months, because the slowdown is caused by the region’sYEN MENG JIIN - 555 words
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418 2010-09-15 13 KALPANA RASHIWALA - Top bid of $95.07 per square foot per plot ratio comes from Wee Hur Development By KALPANA RASHIWALA A TENDER for a 60-year leasehold industrial site at Kaki Bukit Avenue 4 has attracted a top bid of $95.07 per square foot418 words
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206 2010-09-15 13 SCIENTISTS from the Singapore Immunology Network (SIgN) have helped verify that a new drug is effective against malaria. The discovery and validation of the drug spiroindolone NITD609 is timely as many strains of drug-resistant malaria are emerging. Worldwide, malaria kills approximately one child every206 words
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477 2010-09-15 14 RONNIE LIM - It expects good reception to debt package and to close deal in Q4 By RONNIE LIM REINFORCED by “big-name” investors and backing from South Korea’s export credit agencies, Jurong Aromatics Corporation (JAC) yesterday relaunched a US$1.56 billion debt finance package for its US$2.4 billion477 words
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Article, Illustration328 2010-09-15 14 FANS of adrenaline-filled reality television will soon get just the sort of fix that they crave. And they won’t even have to turn on the TV. The Amazing Race Asia Season 4 will debut online tomorrow a week before it hits the small328 words
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398 2010-09-15 14 KAREN NG - By KAREN NG THE People’s Association will confer its community spirit awards on 10 outstanding partners of the country’s five community development councils this year. Six are from the corporate world Credit Suisse, Dairy Farm Singapore, ExxonMobil Asia Pacific, Mapletree Investments,398 words
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SINGAPORE ROUNDUP
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72 2010-09-15 14 THE inaugural Singapour Festivarts will be held in France from Oct 5 to Jan 30 next year. This event is part of a memorandum of understanding signed by Singapore’s National Heritage Board and France’s Reunion des Musees Nationaux. The cultural festival, held at the72 words
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54 2010-09-15 14 AITBIOTECH said yesterday that it has obtained molecular diagnostic (MDx) licences from Exploit Technologies. Developed by the Agency for Science, Technology and Research, the licences are for dengue and tuberculosis detection kits. Aitbiotech also recently obtained the licence for the detection of genome mutations54 words
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50 2010-09-15 14 M1 has teamed up with Lasalle College of the Arts to raise funds for underprivileged youngsters through Beyond Social Services. In an M1 Lasalle T-shirt design contest, Lasalle students are invited to design interpretations of the M1 student benefits they get on mobile plans.50 words
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680 2010-09-15 14 LYNN KAN - Forum: ideals must filter down to affect public sentiment By LYNN KAN WHILE energy-efficient technology is more available and more affordable these days, what will ultimately push businesses to use it will be market-driven incentives, according to academics and building owners at a recent680 words
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Advertisement86 2010-09-15 13 singaporeair.com THE FIRST •OTOP m Bua USA BETW E A m-•'-'V m\ :i .v.- -v m v r\ W-: m im r .WC j**fc Iff* Hi eee .v a# DAILY FLIGHTS ••V V>v?:«: SINGAPORE NEW YORK SINGAPORE Los ANGELES* EXPERIENCE THE MOST SPACIOUS BUSINESS CLASS SEAT THE WORLD HAS EVER86 words
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Advertisement801 2010-09-15 14 WAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CASADILLA GROUP PTE. LTD. (Co. Reg. No: *****7822W) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on 13 September 2010, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That the Company be wound801 words
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Page 14 Miscellaneous
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Miscellaneous28 2010-09-15 14 tJM] JACKPOT L s cO C\ cO TOMORROW i— 1 Towards Communitu n Fu, P o„ end Bend rob Reg No: *****0202G For details, visit www.singaporepools.coiTi.sg SINGAPORE m28 words
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ACCOUNTANCY SPOTLIGHT
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Article, Illustration1874 2010-09-15 15 LYNETTE KHOO - SMPs find themselves between a rock and a hard place as staying put or merging both pose huge challenges, reports LYNETTE KHOO LYNETTE KHOO SMALL is beautiful according to British economist E F Schumacher, but it may not always apply in the context of Singapore’s1,874 words
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590 2010-09-15 15 LYNETTE KHOO - By LYNETTE KHOO AUDIT practitioners are split in their views on the recommendation to raise the current audit exemption threshold. While some believe this is a move in the right direction, bringing Singapore in line with leading jurisdictions, others think it590 words
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Page 15 Advertisements
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Advertisement42 2010-09-15 15 G\.OBMtrainees and issues-good f°' accourt®' ngo ,ous business- them to tracing f nd re \evant, be e« ect J d wherever I *hateve anu the chatteloi iSSSS issots FIND OUT MORE ABOUT THE GLOBAL BODY FOR PROFESSIONAL ACCOUNTANTS +65 6734 8110 www.singapore.accaglobal.com42 words
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Advertisement12 2010-09-15 15 This is the third of a four-part series brought to you by12 words
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ECONOMY WATCH
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484 2010-09-15 16 July slowdown adds to signs that euroregion’s recovery is losing momentum Bloomberg [ZURICH] European industrial production unexpectedly stagnated in July, adding to signs that the euro region’s export-led recovery is losing momentum. Economists had projected a gain of 0.1 per cent in July, theBloomberg - 484 words
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507 2010-09-15 16 UK inflation stays above govt target at 3.1 Bloomberg [LONDON] UK inflation unexpectedly exceeded the government’s 3 per cent limit for a sixth month in August as higher costs of items from air fares to food stoked price pressures in the economy. Consumer prices rose 3.1 per cent from aBloomberg - 507 words
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Article, Illustration531 2010-09-15 16 Current conditions gauge sharply up; euro falls vs dollar Reuters [MANNHEIM] German investor sentiment turned negative in September for the first time since March 2009, a further sign that the recovery of Europe’s biggest economy is losing momentum although a retreat back into recessionReuters; AFP - 531 words
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Article, Illustration468 2010-09-15 16 Reuters [MANILA] The Philippines needs to tap the growing foreign investor confidence that has driven the stock market to record highs to attract funds to improve dilapidated infrastructure, the government said here yesterday. The government of President Benigno Aquino will launchReuters; REUTERS - 468 words
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614 2010-09-15 16 Bloomberg [BEIJING] An International Monetary Fund safety net that emerging nations can draw on in a financial crisis to stem capital outflows should be agreed by the Group of 20 nations in November, Indonesia’s Minister of Trade Mari Pangestu said.Bloomberg - 614 words
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Page 16 Advertisements
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Advertisement18 2010-09-15 16 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.18 words
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M'SIA/INDONESIA
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709 2010-09-15 17 Steps taken so far meet growing voter resistance, investor disappointment Reuters [KUALA LUMPUR] Malaysia’s plans to revitalise investment by backing national champions and ending race-based policies may sound ambitious, but the details are hazy and real economic reform will face formidable obstacles. The governmentReuters - 709 words
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Article, Illustration296 2010-09-15 17 Reuters [JAKARTA] Indonesian deputy central bank governor Hartadi Sarwono yesterday said that September annual inflation may slow to below 6 per cent, but it may be difficult to achieve full-year 2010 inflation of below 6 per cent. The central bankReuters - 296 words
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422 2010-09-15 17 Delays in key LNG project and licences cited as reasons Reuters [JAKARTA] Indonesian state energy firm Pertamina has slashed its investment target for this year by about 40 per cent because of delays in its key liquefied natural gas (LNG) project and licences, anReuters - 422 words
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Advertisement392 2010-09-15 17 Fly SAS on Economy Extra or Business Class at a special price. Check out all our great fares to Europe at www.flysas.com.sg your travel agent or call +65 6235 2488. Singapore Economy Extra Business Class from SGD 2495 from SGD4316 86 Destinations in Scandinavia and Europe. SGD2188 SGD470 taxes/surcharges)* SGD3688392 words
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GREATER CHINA
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Article, Illustration396 2010-09-15 18/19 Reuters [TIANJIN] China will introduce stricter rules to reduce industrial pollution and increase energy efficiency, which will remain core objectives over the next five years, a senior economic planning official said yesterday. Zhang Xiaoqiang, a vice-chairman of the National Development and ReformReuters; PHOTO: AP - 396 words
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432 2010-09-15 18/19 Although the Chinese presence is still small, it is growing fast in eastern Europe Reuters [MILAN] Chinese builders are making inroads into eastern Europe, a trend that has gotten Europe’s recession-hit builders worried. They now want the European Union to step in afterReuters - 432 words
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373 2010-09-15 18/19 Youku and Tudou could go public as early as year-end Reuters [TIANJIN] Youku and Tudou, China’s two leading Internet video-sharing sites, are racing to be the first to make an offshore IPO, seeking to tap strong interest from overseas investors in the hot sector,Reuters - 373 words
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366 2010-09-15 18/19 Reuters [WASHINGTON] Nine-ty-three US lawmakers have signed a letter urging Democratic leaders in the House of Representatives to schedule a vote on a bill to get tough with China over its currency exchange rate practices, a lawmaker’s office said onReuters - 366 words
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456 2010-09-15 18/19 New tax code, Ohio outsourcing ban part of a trend, they say Reuters [MUMBAI] A delegation of Indian IT companies will visit the United States next week to raise their concerns over what they fear are protectionist measures that could harm theReuters - 456 words
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INDIA
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408 2010-09-15 18/19 Move to make local credit markets more responsive to benchmark rate changes Bloomberg [NEW DELHI] India’s central bank signalled that it may overhaul its decade-old monetary policy to make local credit markets more responsive to changes in benchmark interest rates, as governorBloomberg - 408 words
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Article, Illustration489 2010-09-15 18/19 Bloomberg [NEW DELHI] India’s inflation cooled in August as the prospect of a record crop this year capped food-price increases. The benchmark whole-sale-price index rose 8.5 per cent from a year earlier after July’s 9.8 per cent gain, calculated using aBloomberg; AFP - 489 words
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598 2010-09-15 18/19 Bloomberg [MUMBAI] Billionaire Gautam Adani’s energy producer and India’s state-run rail operator are making this year the nation’s busiest for foreign-currency borrowing since 2007 as rupee funding costs rise. Companies from Adani Power Ltd to Indian Railways Finance Corp have won approval fromBloomberg - 598 words
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359 2010-09-15 18/19 Epicentre of Suzlon’s industry and business will shift to China, an emerging market Bloomberg [NEW DELHI] Suzlon Energy Ltd, India’s biggest maker of wind-turbine generators, said it plans to expand capacity at its plant in China as that market gains importanceBloomberg - 359 words
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188 2010-09-15 18/19 AFP [SHIMLA, India] Indian authorities have overturned environmental approval given to a US$200 million cement plant project planned by French industrial giant Lafarge in northern India. The National Environment Appellate Authority on Monday ruled against the proposed plant in the state of HimachalAFP - 188 words
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Page 18/19 Advertisements
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Advertisement123 2010-09-15 18/19 www.vw.com.sg Streamlined for performance. m 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 spacious123 words
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ASIA-PACIFIC/WORLD
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471 2010-09-15 20 Wealth manager’s move shifts spotlight to rival bidder AMP Reuters [SYDNEY] National Australia Bank (NAB) withdrew its US$12 billion bid for wealth manager AXA Asia Pacific yesterday after a second rejection by regulators, opening a door to a bid by rival fund AMP.Reuters - 471 words
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160 2010-09-15 20 AFP [SEOUL] South Korea’s third-largest banking group yesterday said its board had suspended its chief executive amid an apparent feud among its senior executives and claims of embezzlement. Shinhan Financial Group had suspended CEO Shin Sang-Hoon at a meeting of 12 board members, including chairmanAFP - 160 words
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358 2010-09-15 20 Reuters [HONG KONG] Japan’s credit quality is slowly sinking but not at an extent that could trigger an immediate downgrade, credit rating agency Standard Poor’s (S&P) said yesterday. “Japan’s rating of AA is still valid but the Japanese government credit is slowly sinking,”Reuters - 358 words
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Article, Illustration525 2010-09-15 20 Japan minister says no East China Sea territorial problems AP [TOKYO] Japan said yesterday that China has postponed a senior official’s visit to Tokyo in an escalating diplomatic battle over the arrest of a Chinese fishing boat captain after a shipAP; REUTERS - 525 words
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427 2010-09-15 20 CEO expects 20% growth, sees Singapore becoming a wealth management hub Reuters [ZURICH] Credit Suisse’s private banking chief told Reuters Insider TV that net new assets from rich clients in Asia will grow well above 20 per cent, higher than the 15 toReuters - 427 words
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361 2010-09-15 20 Reuters [BEIJING] Two of the world’s richest men and most generous donors, Warren Buffett and Bill Gates, said yesterday they would not be putting pressure on China’s dozens of billionaires during a visit to the country to promote giving. Microsoft founderReuters - 361 words
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Page 20 Advertisements
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Advertisement115 2010-09-15 20 L*SS mSi WINE DINE AND HOSPITALITY <27 M sze crjuFiD coum (13 Aug 22 Sep 10) Savour a divine ensemble of traditional and revitalising morsels, elegantly cocooned in an inspiring package that will scintillate the senses, and satiate sophisticated desires for marvelous mooncakes. Szechuan Court introduces 2 new mooncake flavours115 words
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WORLD
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488 2010-09-15 21 Deal with Shenhua covers jointly developing mines and supplying China Reuters [TOKYO] Mitsui Co, Japan’s No 2 trading house, said it had inked a broad agreement with China’s Shenhua Group Corp, the world’s largest coal producer, which includes the joint development of coalReuters - 488 words
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360 2010-09-15 21 Senators oppose, House leaders back plan for tax breaks Bloomberg [WASHINGTON] US Senate Republican leaders said on Monday they wouldn’t support a White House plan to extend tax cuts for the mid-dle-class while eliminating reductions for wealthier Americans, splitting with party leaders inBloomberg - 360 words
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Article, Illustration380 2010-09-15 21 Bloomberg [LONDON] Citigroup is losing market share in European investment banking as the last partially US govern-ment-owned securities firm slides down the rankings for merger advice, stock sales and bond offerings. At least 12 European managing directors have left this year for competitors includingBloomberg; BLOOMBERG - 380 words
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325 2010-09-15 21 Reuters [CANBERRA] Australia’s minority government said yesterday it will not increase a planned 30 per cent resource tax or extend it beyond iron ore and coal mines in order to maintain support from key independent and Greens lawmakers. Labor Prime MinisterReuters - 325 words
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Page 21 Advertisements
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Advertisement167 2010-09-15 21 Managing risk is an art in itself. DAVID HARDING Managing Director, Winton Capital Management David Harding has a perfectly clear picture of risk. As managing director and a founder of one of London’s most prominent commodity trading advisors, with $13 billion under management, David relies on CME Group to manage167 words
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EDITORIAL & OPINION
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Article468 2010-09-15 22 EDITORIAL AS country rankings go, no major surprises emerged in the 2010 Global Competitiveness Report (GCR) released last week, at least among the top 10 economies deemed to have the best productive potential. The usual suspects fill these top rungs, with some changes in rank among468 words
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Article, Illustration817 2010-09-15 22 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT FLOODS are an annual phenomenon in South Asia. Every year, one or more parts of the sub-continent are inundated, leading to loss of life and livelihood.817 words
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Article, Illustration1225 2010-09-15 22 K SADASHIV - Although it is not mandatory in Singapore, SGX has introduced a guide to assist firms By K SADASHIV The writer is Ernst Young’s Asean leader for climate change and sustainability services THE worldwide growing interest in environmental protection and social responsibility is driving investorsREUTERS - 1,225 words
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Article, Illustration1432 2010-09-15 23 JOHN FOLEY,WEI GU - Beijing is moving slowly to turn the yuan into an internationally used currency, being leery of upsetting the status quo By JOHN FOLEY,WEI GU CHINA’S plans to make its currency global could change the world if they get off the ground. More international useREUTERS - 1,432 words
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Article, Illustration874 2010-09-15 23 MATTHEW LYNN - 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 Bloomberg WHAT was the most successful European company of the 1990s? Easy. The Finnish mobileBloomberg - 874 words
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126 2010-09-15 23 Denis Distant - LETTER TO THE EDITOR Denis Distant I REFER to the article “Lessons for SGX from Abterra fiasco” (BT, Sept 13). The fiasco could have been avoided had circuit breakers been in place, which would have prevented the price of Abterra shares rocketing from126 words
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Page 23 Advertisements
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Advertisement103 2010-09-15 23 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Transport HUB
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777 2010-09-15 24 DAVID HUGHES - Prof Koh thoughtfully sets out Singapore’s oceans policy STRAIT TALK By DAVID HUGHES A COUPLE of weeks ago, Tommy Koh, chairman of the National University of Singapore’s Centre for International Law, delivered the 4th Maritime Leaders Speaker Series lecture on the theme “Singapore777 words
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296 2010-09-15 24 Bloomberg [ZURICH] Total global marine insurance premiums dropped 2 per cent in 2009 as insurers were hurt by a drop in trade volumes. Global premiums for hull, cargo, marine liability and offshore energy insurance reached about US$22.9 billion last year, according toBloomberg - 296 words
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Article, Illustration446 2010-09-15 24 Reuters [TIANJIN, China] Dalian Port, north China’s largest port operator, continues to feel the effects of a major explosion at the complex in July, with operations not expected to completely return to normal until early next year, a top executive said yesterday. AsReuters; FILE PHOTO - 446 words
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Article, Illustration573 2010-09-15 24 US, Europe spending seen resuming as economies rebound Bloomberg [HONG KONG] China Cosco Holdings Co, Asia’s largest shipping line by market value, expects 2011 to be a “good year” as an economic rebound will encourage businesses and consumers in the US and Europe toBloomberg - 573 words
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Article278 2010-09-15 24 SGX '000 Sep 14 S$ +/-Vol CH Offshore 0.52 -0.01 299 Chuan Hup Hldg 0.26 unch 67 Cosco Corp 1.63 -0.02 5639 CWT Ltd 0.98 -0.02 609 Ezra Hldgs 1.75 -0.02 ***** First Ship Lea 0.42 unch 714 Freight Links 0.06 0.01 1492 Grand Banks unch unch 0278 words
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TRANSPORT HUB: AVIATION
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Article, Illustration396 2010-09-15 25 Reuters [PUERTO ORDAZ, Venezuela] A turboprop plane with 51 passengers and crew on board crashed into the yard of a steel mill in southern Venezuela and burst into flames on Monday, killing 15 people. Authorities said that 36 survivors were pulled from the wreckageReuters; REUTERS - 396 words
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394 2010-09-15 25 Passengers wait for hours to board planes, get luggage AP [JERUSALEM] Israeli airport workers staged a oneday strike on Monday to press for pension benefits, stranding thousands of passengers during one of the busiest travel periods of the year. The strike ended afterAP - 394 words
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240 2010-09-15 25 Reuters [MANCHESTER] British Airways ground staff at London’s Heathrow airport have voted overwhelmingly to accept a settlement in a long-running dispute over pay and staffing levels, the GMB union said on Monday. The GMB said that 97 per cent of its more thanReuters - 240 words
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166 2010-09-15 25 Bloomberg [SAO PAULO] Empresa Brasileira de Aeronautica SA, the world’s fourth largest aircraft maker, aims to raise the contribution to total revenue from its executive aviation arm by at least five percentage points to up to 25 per cent this year.Bloomberg - 166 words
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Article3009 2010-09-15 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 06053,009 words
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388 2010-09-15 25 He says route losing money, tie-up with Air NZ can offer Qantas competition AFP [SYDNEY] Australian budget airline Virgin Blue may stop flying its trans-Tas-man route, Virgin Airlines founder Richard Branson warned, after regulators said that they would block a proposed tie-up withAFP - 388 words
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TRANSPORT HUB: LAND
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Article, Illustration618 2010-09-15 26 Chinese, S Koreans, Germans also eyeing US$40b high-speed railway project Bloomberg [TOKYO] Japan said it’s ready to lend California money to help pay for a planned high-speed railroad as trainmakers from Asia to Europe compete for work on a projectBloomberg; REUTERS - 618 words
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Article405 2010-09-15 26 Bloomberg [NEW JERSEY] New Jersey Transit, the largest statewide mass-transit network in the United States, froze new spending on an US$8.7 billion rail tunnel into Manhattan after the federal government estimated the project may run US$1 billion over budget. James Weinstein, the agency’s executive director,Bloomberg - 405 words
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480 2010-09-15 26 New vehicles test US govt’s economic recovery skills AP [WASHINGTON] The first wave of mass-produced advanced batteries funded by the Obama administration’s economic recovery programme are starting to roll off assembly lines, setting the stage for new hybrid and electric vehicles. So howAP - 480 words
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Article, Illustration416 2010-09-15 26 AFP [BEIJING] The head of China’s Geely has unveiled ambitious plans for the future of Volvo Cars, looking to nearly double global sales by pushing the Swedish brand in China, the world’s largest auto market. The Chinese carmaker completed the purchase of theAFP - 416 words
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311 2010-09-15 26 AFP [TOKYO] The world’s top carmaker Toyota Motor plans to launch six new hybrid models by the end of 2012, a spokesman for the company said yesterday, as competition to build greener cars heats up. The six planned models will expandAFP - 311 words
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Page 24 Advertisements
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Advertisement8 2010-09-15 24 blog.omy.sg/birthday i http://eat.omy.sg 5T5B http://showbiz.omy.sg |sj 4» STB8 words
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Advertisement4 2010-09-15 24 first v rtftlhehrts www.radio9l3.com4 words
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Page 25 Miscellaneous
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Miscellaneous341 2010-09-15 25 CRYPTIC CROSSWORD Across 1 Balloon, first of many captured by radar image (5) 4 Be persuaded to visit (4,5) 9 Without one, coaches left ship (9) 10 Parrot beginning to mimic a crow’s cry (5) 11 Carry out guillotine (7) 12 Paint a picture of harbour fish (7) 13 Fellow341 words
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Page 26 Advertisements
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Advertisement1202 2010-09-15 26 w WATS NOTICES NOTICE OF MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 3 of 2010/L In the Matter of Part VII, Section 210 of the Companies Act (Cap. 50, 2006 Rev. Ed.) And In the Matter of TSING Yl ENTERPRISES PTE. LTD. (Company Registration1,202 words
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Advertisement25 2010-09-15 26 ft ft. Lianhe Zaobao Prices of newly-listed TDR shares show no sign of coolin fr±Hi A; Soffit To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
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SINGAPORE STOCKS
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Article9077 2010-09-15 27 Transaction date: Sep 14 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 21 13 3148 8Telecom 19 unch 160 19 19 19 19.5 1.7 9.5 6.1 91 12 5 58349,077 words
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Article1720 2010-09-15 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 5 25 4.3 225 130 6222 t APStrategic 181 163 178 107.4 4 0.51,720 words
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Article9385 2010-09-15 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.22/ APS Alpha Fund (USD)!** 0.91/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund9,385 words
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Article806 2010-09-15 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 $mil 124 107 6389 ABF SG Bond ETF 113 -2 30 118 113 113 116 515.8 975 750 CIMBAsean40 100US$ US975 +1 4 975 975806 words
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Article259 2010-09-15 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 $mil 56 36.5 6000 AVJennings A47.5cd +1 8 47.5 47 47 48 3.6 7.4 3.8 123.7 51 16 6017 Genting HK US$ US47.5 -3.5 *****3259 words
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Advertisement66 2010-09-15 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 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) 627866 words
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FINANCE & COMMODITIES
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374 2010-09-15 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 13 Index Change Change Change Change Change Change World Index Preliminary 825.8 0.9 -0.8 1.0 -6.0 1.3 -1.3 EAFE Preliminary 766.5 0.9 -2.3 1.3 -8.3 1.7 -3.6 Europe Preliminary 1128.3 0.9374 words
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Article180 2010-09-15 29 Sep 14 $S Offer Bid 0vernight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ 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 0.85 0.65 12180 words
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Article24 2010-09-15 29 Sep 14 S$ Bid Offer 1-month 1.3379 1.3389 2-months 1.3379 1.3389 3-months 1.3379 1.3389 6-months 1.3378 1.3388 Source: OCBC Source: OCBC24 words
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Article132 2010-09-15 29 Sep 14 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2370 1.2750 Can dollar 1.2930 1.3090 Euro 1.7110 1.7310 NZ dollar 0.9690 0.9900 Sterling pound 2.0470 2.0710 US dollar 1.3310 1.3460 Local dollars to 100 units of foreign132 words
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Article27 2010-09-15 29 Sep 14 Open High Sett STI Sep 3049 SIMSCI Sep 362.0 362.9 359.0 Taiwan Sep 286.9 288.2 288.0 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-09-15 29 Sep 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2800 2814 2815 2795 85 698 Oct 10 2740 2708 2746 2695 1015 7690 Nov 10 2682 2643 2690 2633 8280 ***** Dec 10 2663 262666 words
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Article430 2010-09-15 29 Sep 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.5900 0 8512 Mar11 99.5150 0 3016 Jun11 99.4150 0 2819 Sep11 99.2750 0 1641 EUROYEN TIBOR FUTURES Dec10 99.6675 369 2044 Mar11 99.6800 99.6800 99.6800 99.6775 2 1401 Jun11 99.6850 99.6850 99.6850 99.6925 400 3286430 words
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Article131 2010-09-15 29 Sep 14 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 353.4 350.3 353.4 11 Nov 10 350.0 Dec 10 350.0 Jan 11 350.0 Feb 11 350.0 Mar 11 350.0 Apr 11 351.0 May 11 351.0 Jun 11131 words
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Article86 2010-09-15 29 Sep 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 16.12.2010 0.30 0.25 0.25 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 104.08 5-Year N*****0N 1.375 01.10.2014 102.60 7-Year N*****0Z86 words
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Article105 2010-09-15 29 Sep 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1025.25 1023.50 1031.00 1018.75 Nov 10 1034.50 1031.00 1041.00 1022.75 Jan 11 1044.00 1040.25 1050.25 1032.00 Mar 11 1052.25 1048.00 1057.75 1040.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 41.34 41.25 41.64105 words
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Article77 2010-09-15 29 CRUDE OIL PRODUCTS Sep 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.05 0.87 WTI (Near Mth) 77.19 0.69 Dubai (1-Mth F) 76.32 0.67 Tapis blend 84.60 0.80 Minas 78.50 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 74.38 0.33 Jet Kerosene 89.20 1.25 US$/barrel Opec Oil77 words
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2288 2010-09-15 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 1158 1 3 -8 2.40 3 6221 Asia-Pacific Strategic W*****6 33 1 150 1 5.48 44 6227 ASJ Hldgs W*****1 3.5 1 42,288 words
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Article464 2010-09-15 29 Sep 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.960 6.304 0.725 7.245 42.960 83.631 0.777 10.844 2.899 1.278 79.877 41.221 1.248 6.652 0.940 29.575 28.682 0.606 0.933 Canada 1.042 6.568464 words
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Article85 2010-09-15 29 Sep 14 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-09-15 29 Sep 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2475 1.2489 0.9324 0.9328 Canadian dollar 1.2998 1.3010 0.9715 0.9717 Euro 1.7199 1.7213 1.2855 1.2856 NZ dollar 0.9756 0.9777 0.7292 0.7302 Sterling pound 2.0588 2.0606 1.5388 1.5390154 words
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Article138 2010-09-15 29 Sep 14 GOLD (US$/oz) Sep 14 Sep 13 Hong Kong 1253.50 1245.30 Sep 10 Sep 13 London 1247.75 1245.85 1248.50 1246.25 Source: Thomson Reuters CAST BAR Sep 14 (S$) Selling Buying Kilobar 57,761.81 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129 54 5gm 367 269 10gm 656138 words
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Article71 2010-09-15 29 Sep 13 Sep 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2098.75 2071.75 3 months 2130.00 2100.00 Copper, Grade A (US$/tonne) Cash 7617.75 7471.75 3 months 7630.00 7486.00 Lead (US$/tonne) Cash 2220.75 2154.75 3 months 2251.00 2185.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-09-15 29 Sep 13 COCOA (£/tonne) Close Prev High/Low Sep 10 1815 1839 1837/1793 Dec 10 1827 1856 1858/819 Mar 11 1850 1876 1878/1843 May 11 1865 1889 1892/1857 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1562 1565 1570/1560 Nov 10 1571 1583 1597/1570 Jan 11 1600 1611 1625/1599 Mar 1182 words
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5732 2010-09-15 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.5,732 words
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Advertisement22 2010-09-15 31 FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132722 words
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Advertisement256 2010-09-15 32 Enjoy Multi-Currency Share financing with an interest from just 2.88% p.a. Control your FX exposure and save even more with low promotional rates from OCBC Securities Multi-Currency Share Financing. Pay as low as only $24 a month for a loan amount of $10,000 1 Interest Rates Schedule 1 USD LOAN256 words
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Advertisement94 2010-09-15 32 Birds' Echoes from the Mountains New Paintings of Liu Yanshui r 0 *rJ» r m I oa*" db isi *J it Hr Singing in Harmony-Ink and colour on paper-138 x 96.5cm-2008 Exhibition 15-19 Sep 10am 8pm Paragon Main Atrium 20 30 Sep 10am 6pm Sin Hua Gallery #18-04 Paragon (Closed94 words
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executive Money
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Article, Illustration1159 2010-09-15 32 Optimists see opportunities despite signs of a slump for the US economy NYT [LONDON] For the better part of a year, a small band of investors and economists has been arguing that the torrent of grim news on jobs and the stagnating US economyNYT; AFP - 1,159 words
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Article, Illustration1020 2010-09-15 33 Key to buy stocks at significant discount to their ‘intrinsic value’: analyst NYT {NEW YORK] Is the stock market making you queasy? Even with the market’s September surge, the losses, stress, and turmoil of the last lost decade provide plenty of reasons to stayNYT; AFP - 1,020 words
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1209 2010-09-15 34 Pension fund eyeing hedge funds and private equity instead of safer bets NYT [SACRAMENTO] Joe Dear is giving a pep talk to more than two dozen colleagues at the California Public Employees’ Retirement System. As Mr Dear paces before hisNYT - 1,209 words
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Article, Illustration1188 2010-09-15 35 CHRISTIAN NOLTING - Asia’s economic strength looks set to continue with interesting opportunities available for investors MONEY MATTERS CHRISTIAN NOLTING The writer is Lead Strategist, Asia Pacific Regional Head of Portfolio Management, Deutsche Bank Private Wealth Management AS developed markets continue to struggle amid the nascent global recovery,AFP; Source: Dealogic 2010 for US (pre-crisis 3-yr average 2006-08), AVCJ Database 2010 -June Update for Asia, IMF April 2010 - 1,188 words
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Article, Illustration939 2010-09-15 36 GENEVIEVE CUA - A liquidity approach to picking stocks trumps other investment styles GENEVIEVE CUA Personal Finance Editor YOU’VE heard of value, growth and momentum as investment styles; and picking stocks based on market capitalisation. But what about liquidity? Roger Ibbotson, finance professor at Yale who isBLOOMBERG - 939 words
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Advertisement336 2010-09-15 33 OLLECTION OF PROPERTY MASTERPIECES AND HOT DEALS OF THE YEAR CBRE CB RICHARD ELUS VRICHARD cLLIa y elit 1^jving showcase 2010 h 16 26 SEP 10 Siam Paragon BANGKOK m THAILAND Enjoy extra special promotions, privileges and hot deals for 11 luxury condominium projects in Thailand. For more details, visit336 words
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Advertisement421 2010-09-15 34 "We Deliver Convenience to Homes Offices" Hot Room Table Top Dispenser Hot Cold Dispenser a J Bottom Load Water Dispenser m For more info, please call us at: 6253 5888 or SMS 9018 6099 E-mail: enquiries@pereocean.com Web: www.pereocean.com Terms Conditions Apply A prosperous Asian bon a wide variety of choices.421 words
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Advertisement28 2010-09-15 34 7 U FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg j to advertise. 1 1 u L28 words
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Advertisement402 2010-09-15 35 Bei i in 9 Seoul I Bangkok uala Lumpur 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 Kazakhstan402 words
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Advertisement91 2010-09-15 36 The wisdom of investing. On the ground expertise. Local understanding. Years of detailed research. Only one signature delivers over 140 years of unparalleled wisdom to your investment portfolio. Ask for J.P. Morgan funds by name when you next talk to your investment advisor. J.E Asset Management www.jpmorganam.com.sg Investors should note91 words
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Advertisement9 2010-09-15 36 MONEY MATTERS Private equity opportunities in Asia Page 359 words
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