The Business Times, 7 October 2010

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Total Pages: 38
1 38 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, October 7, 2010
    24 words
  • Article, Illustration
    Lock icon Sealed with a kiss
    818 1  -  By ANNA TEO, LYNN KAN [SINGAPORE] A woman with simple pleasures; a devoted wife and mother, strict but loving, who was utterly devoted to her family. And someone who acquired, post-stroke in her twilight years, not only a new zest for life but, in the eyes
    TERENCE TAN/THE STRAITS TIMES  -  818 words
  • Article
    Lock icon Sing$ expected to keep up steady ascent
    852 1  -  Currency has strengthened significantly, but MAS may not push for stronger dollar By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) is expected to keep its monetary policy steady at its twice-yearly policy meeting later this month, economists here say. Although price
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  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 3,190.07 (+27.71) ST INDEX FUTURES 3,188 (+28) SIMSCI 374.86 (+2.87) SIMSCI FUTURES 374.40 (+2.90) FOREX US$ S$ US$ (S$ per US$) 1.310 (US$/S$ per 1.589 2.082 EURO (US$/S$/E) 1.386 1.815 Foreign currency per US$ S$ YEN 83.10 63.40 RM 3.092 2.360 HK$ 7.755 5.920 BAHT 29.95
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      Lock icon Page 1 Advertisements Column 1
      66 1 BizIT Web attracting new ad spend PAGE 29 COMMENTARY Forget ‘paradigms’, nationalism is key PAGE 25 HOCK LOCK SIEW Can SingTel be a good venture capitalist? PAGE 4 PROPERTY Singapore Technologies Building up for sale PAGE 32 In partnership with PATRIMONIO MUNDIAL WO R L D HERITAGE•PATRIMOINEMONDIAL• World Heritage Centre
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      9 1 Growing fears of ‘currency wars’ breaking out, Page 3
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      572 2 Sing$ expected to keep up steady ascent THE Monetary Authority of Singapore is expected to keep its monetary policy steady at its twice-yearly policy meeting later this month, economists say. Although price inflation has accelerated since the last policy meeting in April, they don’t expect MAS to push
      572 words
    • Article, Illustration
      Lock icon Investors look at switching from housing to offices
      623 2  -  Investment sales up to Sept total $21.9b, of which just 17% are for offices By KALPANA RASHIWALA [SINGAPORE] The nascent recovery in Singapore’s office market and the government’s cooling measures in the residential sector are leading some private real estate investors to
      Source: CB Richard Ellis  -  623 words
    • Article, Illustration
      Lock icon Bancassurance to drive HSBC arm’s growth
      499 2  -  By GENEVIEVE CUA [SINGAPORE] HSBC Insurance is looking to bancassurance to drive its growth in the region. It is also looking into the development of standalone health insurance products, as demographic trends and rising prosperity in Asia lead to greater awareness of the need
      FILE PHOTO  -  499 words
    • Article
      Lock icon Stocks, currencies, bonds extend rally
      638 2 Markets betting emerging central banks will fail in battle to curb currency rise Reuters [LONDON] Emerging equities raced to fresh 27-month highs yesterday and currencies extended their rally as the likelihood of more monetary stimulus in the developed world prompted investors to extend bets on
      Reuters  -  638 words
    • Article, Illustration
      Lock icon Growing fears of ‘currency wars’ breaking out
      506 3  -  This could cause world economy to sink into recession again: analysts By CONRAD TAN [SINGAPORE] A competition to weaken currencies by major economies could escalate into trade wars that tip the world economy back into recession, analysts warn. Fears of a currency war
      AFP  -  506 words
    • Article
      Lock icon Two more charged in SLA scam
      699 3  -  By MICHELLE QUAH [SINGAPORE] Two other men have been charged in connection with the $12 million fraud that took place at the Singapore Land Authority (SLA). Yesterday, Christopher Lim Chai Meng, 37, and Ho Yen Teck, 31, were charged for the parts they played
      699 words
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      475 2 KPMG Seminar Series SINGAPORE Date Goods and Services Tax (GST) Seminar GST Essentials: Applying GST to your business activities Thursday, 11 November 2010 In an environment of change and increasing focus on GST compliance, can you afford not to be up to date on GST matters? Come join us for
      475 words
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      7 2 Singapore Technologies Building for sale, Page 32
      7 words
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      149 3 We have the largest number of Southeast Asian brokers with their ears to the ground. And twice as many eyes. More than 1,000 brokers in 50 branches and 60 research analysts across 5 countries, in fact. So what, you ask. So that's more analysts researching the best possible investment opportunities
      149 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon AgBank shores up IPOs in Q3 globally
      577 4  -  Despite fewer IPOs, US$52.7b raised in Q3, compared with US$46.8b in Q2 By LYNETTE KHOO THANKS to the mega initial public offering (IPO) by Agricultural Bank of China (AgBank), funds raised in IPOs were higher globally in the third quarter of this year
      REUTERS  -  577 words
    • Article
      Lock icon Joining a board as an independent director?
      520 4  -  Panellists share some pointers at KPMG workshop CORPORATE GOVERNANCE By LYNETTE KHOO INDEPENDENT directors should conduct their own due diligence on firms before they take up board seats, said panellists at an executive workshop conducted by KPMG yesterday. Robson Lee, an independent director
      520 words
    • Article
      Lock icon PICTET FUNDS
      267 4 Pictet-Absl Rtn Glo Cons-P EUR 01.10.2010 EUR 99,62 Pictet-Absl Rtn Glo Div-P EUR 01.10.2010 EUR 111,15 Pictet-Asian Equities Ex Japan-P USD 30.09.2010 USD 177,18 Pictet-Asian Local Currency Debt-P USD 01.10.2010 USD 138,24 Pictet-Biotech-P USD 01.10.2010 USD 277,49 Pictet-CHF Liquidity-P 01.10.2010 CHF 124,13 Pictet-Clean Energy-P USD 01.10.2010 USD 77,34
      267 words
    • Article
      Lock icon Lippo to sell up to 120.5m OUE shares
      366 4  -  Shares work out to about 12% of OUE’s capital By UMA UMA SHANKARI INDONESIA’S Lippo Group plans to sell up to 120.5 million shares in Overseas Union Enterprise for $2.70 to $2.80 a share. The shares, which will be sold by Lippo
      366 words
    • Article
      Lock icon Can SingTel be a good venture capitalist?
      787 4  -  local HOCK LOCK SIEW the has By WINSTON CHAI WHENestablishedbusinesses become too expensive to buy, the next best option could be to try and snap up young ones before they turn big and successful. Punting on the next Google or Facebook has long
      787 words
    • Article
      Lock icon Wealthy Asians more risk tolerant than Western counterparts
      612 4 Reuters RIDING on the economic rebound in their region, Asia’s swelling ranks of the wealthy have more risk appetite than Western millionaires, who are sticking to cash and gold after the downturn their equivalent of putting money under the mattress. But private
      Reuters  -  612 words
    • Article, Illustration
      Lock icon China Taisan and Midas shine in dual-listing debut
      491 7  -  Their shares jump in Taiwan and HK respectively, but slip in Singapore By JAMIE LEE CHINA Taisan Technology Group and Midas Holdings made a strong trading debut yesterday in their respective dual-listing markets in Taiwan and Hong Kong. By contrast, shares of
      FILE PHOTO  -  491 words
    • Article
      Lock icon Lukoil planning to list existing shares in Asia
      107 7 Reuters [MOSCOW] Russia’s second largest oil firm Lukoil is seeking to list some existing shares on Asian stock exchanges and has no plans to issue additional shares, vice-presi-dent Leonid Fedun said yesterday. “We are not going to issue additional shares. What I
      Reuters  -  107 words
    • Article
      Lock icon Midas to raise capacity in China by 40%
      260 7 CEO upbeat as China is spending 1t yuan on railway network Bloomberg [HONG KONG] Midas Holdings Ltd, a maker of aluminium alloy profiles used in train carriages, plans to raise manufacturing capacity in China by an additional 40 per cent as the
      Bloomberg  -  260 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI soars to highest level since mid-’08
      597 6  -  Upswing mirrors that in other regional markets, following five-month high on Wall Street STOCKS VEN SREENIVASAN Senior Correspondent THE Straits Times Index (STI) yesterday climbed to its highest level since mid-2008, after a rally that lifted Wall Street to a five-month high on
      Source: Bloomberg  -  597 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Oct 6 VALUE CLOSE BT OB/OS 245.00 +63.00 BT CADI -*****.00 +81.00 BT 10-day MA -*****.00 +24.00 FTSE ST Mid Cap 783.30 +3.30 FTSE ST Small Cap 579.45 +0.76 FTSE ST All Share 787.24 +5.95 FTSE ST China Top 287.18 +2.20 FTSE ST China 322.58 +4.99 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME MDR 168,288,000 Genting SP 109,377,000 Yongnam 77,897,000 Contel 65,822,000 *Genting HK US$ 58,483,000 AddvalTech 54,454,000 NOL 50,792,000 GuangzhaoIFB 47,931,000 SinoGrandnes 38,505,000 Bio-Treat 38,380,000 VALUE($) Genting SP 229,676,310 NOL 106,212,020 Keppel Corp 103,802,930 DBS Grp 93,484,640 SingTel 93,051,260 Wilmar 91,548,580 SembMar 87,244,580 SGX 78,894,030 UOB 74,575,820 Noble
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 7 0 0 0 8 3 7 Manufacturing 72 46 83 4 5 18 76 51 101 Commerce 28 14 27 5 3 7 33 17 34 Tpt/Stor/Comms 22 12 9
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Straits Asia Resources
        305 6 Oct 6 close: S$2.37 OCBC Investment Research, Oct 6 WE met up with Straits Asia Resources (SAR) for an update on the group’s operations. Having delivered sequential recovery in its Q2 2010 earnings, SAR is on track to post stronger H2 2010 earnings over H1 2010’s. As
        305 words
      • Article
        Lock icon Golden Agri-Resources
        700 6  -  Agri-Resources Oct 6 close: S$0.585 Phillip Securities, Oct 6 Compiled by JOYCE HOOI IN separate letters to Smart (a subsidiary of Golden Agri-Resources or GAR) and GAR, dated Sept 21, 2010, the Roundtable On Sustainable Palm Oil (RSPO) Grievance Panel stated that there has been serious non-compliance with
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,829 44,829 143,960 143,960 Manufacturing 551,307 49,678 600,985 404,442 8,129 412,570 Commerce 92,746 24,894 117,640 158,750 3,688 162,438 Tpt/Stor/Comms 195,906 3,470 199,376 349,515 283 349,798 Finance 29,035 99 29,134 306,714 13 306,728 Construction 116,022 13,587
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 2.320 +0.030 CapitaLand 4.220 +0.030 CapitaMall 2.130 +0.020 CityDev 12.580 +0.280 ComfortDelGro 1.530 -0.010 DBS Grp 14.560 +0.140 F&N 6.350 -0.090 Genting SP 2.080 Golden Agri 0.585 +0.005 HK Land 6.650 +0.230 JMH 47.160 +0.460 JSH 27.500 +0.020 Jardine C&C 40.300
      112 words
    • Article, Illustration
      Lock icon $ hits new 15-year low against yen
      532 6 hits new 15-year low against yen CURRENCIES Reuters [NEW YORK] The US dollar fell to a fresh 15-year low against the yen and an 8-1/2 month low against a basket of currencies yesterday, hurt by expectations the US Federal Reserve will further ease monetary policy. Dollar losses accelerated after a
      Reuters; REUTERS  -  532 words
    • Article
      Lock icon RISES
      117 6 BY CENTS CLOSE UP GLD 10US$ ***** 247.5 1.5 DBXT E50 10US$ 4158 231.8 4.4 DBXT iBoxxKR 5US$ ***** 187.3 1.2 DBXT MSKorea 10US$ 5402 186.0 2.7 DBXT AUDMM 5SG$ ***** 179.0 0.8 DBXT SPASX200 10US$ 3269 137.5 3.3 DBXT Nifty 10US$ ***** 127.0 0.7 DBXT FTVietnam 10US$ 3783
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    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4943-112.6 -1.7 Lyxor India Nifty 10 1850 -19.0 -1.0 Great Eastern 1574 -10.0 -0.6 UOB 5.05%NCPS 100 ***** -10.0 -0.1 F&N 635 -9.0 -1.4 SingTel 310 -5.0 -1.6 SingTel 10 309 -5.0 -1.6 ABF SG Bond ETF 115 -4.0 -3.4 CityDev
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    • Article
      Lock icon CURRENCIES
      86 6 Where S$ stands Oct 6 CHNG YR 2010 CLOSE FR Oct 5 S$ LOW S$ HIGH US$ 1.3097 0.31 1.4219 1.3097@ Euro 1.8148 -0.28 2.0153 1.6886 Pounds 2.0836 0.24 2.2831 2.0003 A$ 1.2789 -1.34 1.2960 1.1515 Yen* 1.5768 -0.05 1.6080 1.4467 Rupiah* 0.***** 0.15 0.*****0.*****@ Baht* 4.3764 -0.42 4.3764#
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      103 7 KICK START AN INVESTMENT PORTFOLIO WITH ONLY d\/f A DT Investment C51TArvIVA International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT Dedicated to sourcing the most sought after wines found in Australia and providing capital growth advice, SMART exhibitor Australian Wine Index will be offering all wine lovers a
      103 words
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      109 7 On average, Russian billionaires are 19 years younger than those in America. Private yachts. Private estates. Private islands. By their mid-40s, some Russians have it all. How? Well, that's the billion-dollar question. Is it pure, burning ambition? A better eye for opportunity? Or have they just taken advantage of a
      109 words
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  • KWA GEOK CHOO, 1920-2010
    • Article, Illustration
      Lock icon MM Lee: The last farewell to my wife
      1972 8 ANCIENT peoples developed and ritualised mourning practices to express the shared grief of family and friends, and together show not fear or distaste for death, but respect for the dead one; and to give comfort to the living who will miss the
      TERENCE TAN/THE STRAITS TIMES  -  1,972 words
    • Article
      Lock icon People sensed what a special person she was
      644 8  -  Excerpts from other eulogies By PM LEE HSIEN LOONG WE stayed in close touch during my years abroad. Once a week I would sit down to write a long letter home, and Mama and Papa would each write me a long letter
      644 words
    • Article
      Lock icon Mama taught me to treat everyone as equals
      614 8  -  By LEE WEI LING MAMA was the steadying influence on me for most of my life. I have always felt strongly about injustices, or the unnecessary suffering of humans and animals. I used to be very upset when the police came to
      614 words
    • Article
      Lock icon How I knew she was back to normal
      188 8  -  By LI XIUQI HER stroke struck in 2003 while she was in London. Shocked by the news, me and my friends prayed fervently and the next day she made a miraculous recovery. I flew over to visit her in the East London
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    • Article
      Lock icon With Mama, what you saw was what you got
      392 8  -  By LEE HSIEN YANG MAMA loved music. She encouraged Loong and me to play the recorder when we were little, moving up to the clarinet in secondary school. We shared a love of classical music. Her favourite was Bach; she also
      392 words
    • Article
      Lock icon She passed to her grandchildren a love of learning
      225 8  -  By LI SHENGWU YE YE and Nai Nai’s lives are a story to occupy many volumes. Coming late into the narrative, I am a minor character who has missed many chapters. I cannot bear witness to the earlier plot twists, climaxes
      225 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Private banks fighting to win Asia’s wealthy
      604 9  -  Many expanding ultra high net worth units through fierce poaching of staff By SIOW LI SEN THE number of newly minted billionaires in Asia is growing by leaps and bounds and this has become the latest battle ground among leading private banks competing
      604 words
    • Article, Illustration
      Lock icon Effective wealth mgt is not about finding a tax haven
      433 9  -  By TEH SHI NING MANAGING wealth effectively is no longer about hunting down the most secretive, low-tax jurisdiction, says Angelo Venardos, president of the Singapore chapter of the Society of Trust and Estate Practitioners. The reputation of the jurisdiction, its
      433 words
    • Article
      Lock icon Advertising sector seen growing rapidly
      494 9  -  Rising numbers of regional HQs here drawing them By TEH SHI NING THE rising number of global consumer businesses planting regional headquarters here is spurring growth in the marketing communications sector which supports it. Digital advertising agency R/GA’s decision to open an office in Singapore,
      494 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Esparina Residences gets 1,155 applicants
        116 9 FRASERS Centrepoint’s 573-unit executive condominium Esparina Residences has attracted 1,155 applicants since it was launched on Sept 30. Almost 75 per cent of the applicants are young professionals aged 25–40. And half of them are in the $8,000-$10,000 monthly income bracket. More than 50 per
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      • Article
        Lock icon Frasers and Far East awarded Pasir Ris site
        84 9 FRASERS Centrepoint and Far East Organization were awarded a 99-year leasehold residential site at the junction of Pasir Ris Drive 3 and Pasir Ris Drive 4 by HDB yesterday. The two developers jointly put in the top bid of $151.4 million, or
        84 words
    • Article
      Lock icon NRF grant for innovation, enterprise institute
      685 10  -  IEI’s private exchange will buy and sell equities in early-stage private start-ups TECHVENTURE CONFERENCE Reports by FELDA CHAY THE National Research Foundation (NRF) will provide a grant of up to $15 million over five years to establish an innovation and enterprise institute that will,
      685 words
    • Article, Illustration
      Lock icon Technological ventures, funds thriving in Asia
      1017 10 THE dotcom implosion did not spell the end of technological ventures. In fact, the industry is is thriving in Asia and is likely to continue to grow given the abundant opportunities available in the developing region. Johnson Chen, of Venture capitalist fund Clearbridge Partners,
      1,017 words
    • Article
      Lock icon SBF launches business continuity mgt portal
      295 10  -  By VICTORIA HO THE Singapore Business Federation (SBF) has launched an online resource for business continuity management (BCM) aimed at helping local businesses get onboard with BCM practices. Called the National BCM Online Resource Library, the information portal consists of a self-assessment test, BCM
      295 words
    • Article
      Lock icon Small car COE premium jumps
      275 10 PREMIUMS for certificates of entitlement were mostly higher in the latest tender, with the COE for small cars surging. Category A, for cars below 1,600cc, spiked $3,131 to $33,132, while Cat B, for cars above 1,600cc, rose a relatively modest $300 to $42,801. Cat E,
      275 words
    • Article
      Lock icon CSR with a tinge of ‘green’
      371 10  -  By KAREN NG CORPORATE social responsibility (CSR) has been taking form recently and seems to be gaining colour the colour green. At the second International Singapore Compact summit for CSR yesterday, Environment and Water Resources Minister Yaacob Ibrahim said: “Our target of a 35
      371 words
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      103 9 Featuring conferences, exhibitions, workshops, and networking events, Singapore International Energy Week 2010 is a week-long, high-level platform for energy professionals, policy makers and commentators to discuss energy issues, strategies and solutions. >> > &v; v >;• N 5S^;.\ lv"''v I 'V,i. Swiss quality also stands for knowledge. Ensuring your success
      103 words
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      160 10 Luxurious retro furnishings, extravagant decor of the old Shanghai instantly transports you back to the old Shanghai British colonial era. The classic soothing tunes of Bai Guang, Zhou Xuan and other singers alike, angelic voices paired with the harmonious tunes of the crystal piano, is sure to tickle your every
      160 words
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      45 10 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY Seven-year-old tabla player is India's Commonwealth Games star P 9 A mwvm mmm INDIAN HIGH COMMISSIONER PAYS TRIBUTE f xX? TO MRS LEE <5? KUAN YEW > -efc GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      45 words
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  • ECONOMY WATCH
    • Article
      Lock icon US service industry index rises again
      358 11 Data not enough to change outlook of high unemployment AP [NEW YORK] The US service sector, the nation’s predominant employer, expanded in September for a ninth straight month, although the growth has not been consistent enough to dent the high unemployment rate. The Institute
      AP  -  358 words
    • Article
      Lock icon Global central bank action may follow BOJ moves
      235 11 Bloomberg [LONDON] The Bank of Japan may have acted first in a new round of central bank action to prop up the global economy as recoveries in industrial nations falter. The unexpected decision by the Japanese central bank on Tuesday to drop
      Bloomberg  -  235 words
    • Article, Illustration
      Lock icon Japan ruling party crafts stimulus steps
      306 11 Reuters [TOKYO] Japan’s ruling Democratic Party urged Cabinet ministers yesterday to compile an extra budget worth more than 4.8 trillion yen (S$75.8 billion) to bolster an economy struggling with persistent deflation and a rising yen. The Democrats also said the government and central bank
      Reuters  -  306 words
    • Article
      Lock icon US looks to IMF to pressure China
      601 11 Currency adjustments expected to figure in this weekend’s IMF, World Bank annual meetings NYT [WASHINGTON] The United States is increasingly looking to the International Monetary Fund (IMF) to hold countries like China accountable for “rebalancing” the global economy, a Treasury Department official said
      NYT  -  601 words
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      384 11 NEW LAUNCH FREEHOLD COMMERCIAL SPACES I n EE3S i i m s,' 9u .UK A:' 1 v, a A r -;fe i; ARTIST'S IMPRESSION @CHANGI It. a i rril'-" HP torF^'T^ Pfrrjpu it \wm 11 1 u 3sa T BUILD YOUR !> BRANDS ay T n IDEALLY LOCATED JUST A
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      120 12 Leica S2 Leica M9 Leica X1 Leica Digiscoping A LEGEND COMES TO SINGAPORE Leica. A symbol of excellence, heritage, and unparalleled quality to photographers worldwide. Come discover what Leica is all about at our new flagship store, where you can get up close with our prestigious models and have your
      120 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Islamic financial assets may double in 3-5 years: BNM
      519 13 The US$130b global sukuk market expanding at a rate of 40% annually Bloomberg [KUALA LUMPUR] Bank Negara Malaysia (BNM), the country’s central bank, said the global Islamic finance industry’s assets may double to US$2 trillion in the next three to five
      Bloomberg  -  519 words
    • Article, Illustration
      Lock icon Indonesia’s monthly tin exports to fall
      346 13 Reuters [JAKARTA] Indonesia’s monthly tin exports could slip below 7,000 tonnes until March, hit by heavy rain and depleting reserves, tightening supply constraints that have driven global prices to a lifetime high. Indonesia, the world’s top tin exporter, has recently suffered heavy rains and
      Reuters; REUTERS  -  346 words
    • Article
      Lock icon Malaysia Marine IPO poised to raise up to RM2b
      281 13 Reuters [KUALA LUMPUR] Malaysia Marine and Heavy Engineering expects to raise up to RM2 billion (S$856 million) in its initial public offer, which could be the biggest in the country this year. The company is the marine engineering unit of state
      Reuters  -  281 words
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      99 13 Congratulations to Midas Holdings Limited 麦 on its successful listing on the Main Board of the Stock Exchange of Hong Kong Limited 北车长股份有 CNR CHANGCHUN RAILWAY CNRTANGSHAN RAILWAY CHANGCHUN BOMBARDIER VEHICLES CO., LTD. VEHICLE CO., LTD. RAILWAYVEHICLES CO., LTD. 南京南有限责
      99 words
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      103 14 With over 60 prestigious wins, many of which are gold awards for excellence in content and design in magazine publishing, we are worth our weight in gold. But while we value the importance of an exceptional read in each of our magazines, we relish the opportunities, too, to push the
      103 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India’s inflation above ‘comfort zone’: RBI
      411 15 Deputy governor’s remarks prompt speculation of more monetary tightening Bloomberg Reuters [MUMBAI] India’s inflation is above the central bank’s “comfort zone,” deputy governor Subir Gokarn said, prompting speculation of more monetary policy tightening. “The current inflation scenario is a cause of concern as the
      Bloomberg; Reuters  -  411 words
    • Article, Illustration
      Lock icon Ticket sales pick up – but transport still a huge headache
      535 15 Ticket sales pick up but transport still a huge headache COMMONWEALTH GAMES [NEW DELHI] Under-fire Commonwealth Games organisers said yesterday that ticket sales were picking up, but admitted big problems remained with transport. The troubled Games, which kicked off on Monday, have been played out in front of hardly any
      PHOTOS: AFP, AP  -  535 words
    • Article
      Lock icon CIC keen to bid in sale of Russian state assets
      432 15 China fund putting more focus on emerging markets Reuters [MOSCOW] China Investment Corp would like to bid for Russian state assets in a sale that is expected to raise US$50 billion, as the fund shifts focus to emerging markets, a
      Reuters  -  432 words
    • Article
      Lock icon Indian bill aims to stamp out corruption in top judiciary
      267 15 AFP [NEW DELHI] India’s Supreme Court and High Court judges accused of misconduct could face tough new investigations and be forced to step down under a new draft law approved by the Indian Cabinet. The long-delayed Judicial Standards and Accountability
      AFP  -  267 words
    • Article
      Lock icon Indian Oil plans US$2.5b share sale to cut debt
      283 15 Bloomberg [NEW YORK] Indian Oil Corp, the nation’s sec-ond-biggest refiner, plans to sell US$2.5 billion of stock to lower debt and fund new plants, chairman Brij Mohan Bansal said. “We are in the process of appointing the lead managers and bankers,”
      Bloomberg  -  283 words
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      170 15 What we consider a passing grade for our EMBA faculty As you weigh the merits of Executive MBA programs, use the right benchmarks. In the latest Bloomberg Businessweek rankings for EMBA programs, Chicago Booth alumni awarded our faculty an A+ for teaching. And because the same world-class faculty teaches in
      170 words
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  • WORLD
    • Article, Illustration
      Lock icon Asia must give up relying on West: IMF
      853 16  -  Global recovery still fragile; emerging markets must boost domestic demand By ANTHONY ROWLEY ASIAN and other emerging markets cannot continue relying on import demand from advanced economies to sustain their recovery but must make fundamental adjustments, says the International Monetary Fund. The
      BLOOMBERG  -  853 words
    • Article
      Lock icon Emerging Asia’s growth likely to slow to 7.6%
      344 16  -  By JAMIE LEE [SINGAPORE] GDP growth in emerging Asia ex-Japan which is now contributing about half of global growth is expected to slow to 7.6 per cent in 2011 from 9.1 per cent this year, as softening global growth and a withdrawal
      344 words
    • Article
      Lock icon Japan FSA denies considering bank capital surcharge
      385 16 Bloomberg [TOKYO] Japan’s financial regulator denied it plans to force the nation’s largest banks to hold more capital than required under Basel III rules, after a person with direct knowledge of the matter told Bloomberg News that talks on whether to apply a
      Bloomberg  -  385 words
    • Article
      Lock icon Outlook for US economy ‘fairly bad’: Goldman
      260 16 Bloomberg [SINGAPORE] Goldman Sachs Group Inc says the US economy is likely to be “fairly bad” or “very bad” over the next 6-9 months. “We see two main scenarios,” analysts led by Jan Hatzius, the New York- based chief US economist at the
      Bloomberg  -  260 words
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      Lock icon Potash giants set to tighten grip on prices
      735 18 Proposed mergers will consolidate sales channels of eight largest miners Bloomberg [MOSCOW] The world’s eight largest potash miners, whose market control already exceeds that of oil cartel Opec, are poised to tighten their grip on prices of the crop fertilizer as proposed
      Bloomberg; REUTERS  -  735 words
  • Page 16 Advertisements
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      1097 16 MA NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA ANIMAL HEALTHCARE LTD. CHINA ANIMAL HEALTHCARE LTD. Incorporated in Bermuda on 10 August 2000 Company Registration No. ***** NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of China Animal Healthcare Ltd. (“Company”)
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US firms rake in US$150b a year from China market
      416 17 Business group says growth prospects for US companies in China are significant Bloomberg [WASHINGTON] China’s market is worth US$150 billion in annual sales to US companies when exports and operations in China are added together, making it a top-10 market
      Bloomberg  -  416 words
    • Article, Illustration
      Lock icon Deloitte is largest private professional services firm
      271 17 [SINGAPORE] Deloitte Touche Tohmatsu says that its member firms have edged out rival PricewaterhouseCoopers (PwC) to become the largest private professional services organisation in the world, based on revenue and headcount. Deloitte said yesterday that for the fiscal year ended May 2010, its
      271 words
    • Article
      Lock icon Toxic sludge spill threatens Danube
      310 17 Bloomberg [BUDAPEST] Hungary’s toxic sludge spill, which killed four and injured more than 100 people, triggered environmental warnings on the Danube River and may threaten neighbouring countries, according to the International Commission for the Protection of the Danube (ICPD). “This is what you call a
      Bloomberg  -  310 words
    • Article
      Lock icon Liverpool board agrees to sell club
      348 17 Reuters [MANCHESTER, England] The Liverpool board has agreed to sell the club to the owners of baseball’s Boston Red Sox, but the fate of England’s most successful side could yet be decided in the courts as a bitter ownership dispute rages on. The English
      Reuters  -  348 words
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      Lock icon EU, South Korea seal free trade pact
      441 17 AFP [BRUSSELS] The European Union sealed a free trade deal with South Korea yesterday, hailing it as a landmark agreement that will kickstart a wave of pacts between the 27-nation bloc and Asian nations. The pact was signed at a summit with South
      AFP; REUTERS  -  441 words
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      142 17 Workforce Skills Qualifications (WSQ) SME Manufacturing Excellence (S.M.E.) Programme The SME Manufacturing Excellence Programme (S.M.E) was launched by Mr Lee Yi Shyan, Minister of State for Trade Industry and Manpower, on 3 August 2010. Programme~s objectives 1) Trains companies~ key personnel to be technology innovators to achieve manufacturing excellence. 2)
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      1691 18 4K92"&3lL Notice Of Tiong Woon Corporation Holding Ltd A nnua General Meetina (Company Registration No. *****5837C) Jnilliuai WCMCIdl IVICCUIIlj (Incorporated in the Republic of Singapore) NOTICE IS HEREBY given that the Annual General Meeting of the Company will be held at No.15 Pandan Crescent, Singapore *****0 on Tuesday, 26 October
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      2210 18 AUSWIN HOLDINGS LIMITED (Company Registration No. *****0189D) (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Auswin Holdings Limited (“the Company”) will be held at 30 Toh Guan Road #07-01, ODC Districentre, Singapore *****0 on Friday,
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      110 18 MATS NOTICES NI N IN THEMATTEROF THECOMPANIESACTCHAPTER50 AND NI N IN THEMATTEROF TTAAISHANSHIPPINGPTE (INMEMBER’SVOLUNTAR LIQUIDATION) (Company Registration no. *****4602R) NOTICE OF FINAL MEETING Notice hereby given that pursuant ot o to Section 308 the CompaniesAct, Chapter 50, the Final Meeting the Member theabovementionedcompany will beheldon November2010, Guok venue,Singapore*****2. Themeeting beingheldforthepurpose
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      226 19 sfZ' v: M -*Z~ >* sr r-—. as -S, >*- r^r< > Si? J- Jo '7' v £S > V- v £*5 t> V Jfi?-. x <- Sir' V >'■ ■^-2 > y JP?. ■<■% <£. Yh''&;-<s > V;[\ x 'HV IT MIGHT NOT BE YOUR FIRST TIME < j
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  • AVIATION
    • Article, Illustration
      Lock icon Delta hoists maintenance services for other airlines
      624 20 It’s also expanding cargo business to meet US$2b services revenue target Bloomberg [ATLANTA] Delta Air Lines Inc is taking on more maintenance work for other carriers in-house and working to expand its cargo business in a bid to boost revenue from those services
      Bloomberg; BLOOMBERG  -  624 words
    • Article
      Lock icon BA gets premium traffic boost
      217 20 Reuters [LONDON] British Airways carried 1.3 per cent more passengers in September compared with the year before, helped by a strong increase in lucrative first and busi-ness-class travel. BA on Tuesday said it carried 3.05 million passengers last month, up on the 2.92 million it
      Reuters  -  217 words
    • Article
      Lock icon Chavez orders airport shake-up
      234 20 Reuters [CARACAS] Venezuela’s Hugo Chavez ordered on Tuesday the “intervention” of Caracas’ international airport to make it a profit-making business for his socialist government. The term usually refers in Venezuela to the state takeover of a privately-run business, but in this case Mr Chavez appeared to
      Reuters  -  234 words
    • Article
      Lock icon Crisis gives plane lessors lesson in financing
      681 20 Reuters [NEW YORK] Aircraft leasing companies have learned a lesson from the financial crisis: tap every possible financing source as cheap funding backed by parents such as American International Group Inc and Royal Bank of Scotland becomes a thing of the past. Lessors
      Reuters  -  681 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3017 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836
      3,017 words
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      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4196 22 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.
      4,196 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      360 20 CRYPTIC CROSSWORD Across 1 Paper needs right editor most important position (3-3) 5 Yellow sea bird half destroyed is beginning to move it’s alive (8) 9 I’m at the pharmacy I’d like a lift! (4-2-2) 10 Bird to study after autumn abandoning one of the lakes (6) 11 Hasten in
      360 words
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      119 21 YV x 1 1 5S1 r v..'J. a£ BUT IT S THE FIRST TIME YOU'D WATCH IT FROM v. I m J.S F~ WS J Ml i 2 k W m W* ffi THE OCBC ELITE WORLD CARD. WELCOME TO A WORLD OF PRIVILEGED ACCESS. I BESPOKE CONCIERGE I BUSINESS
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  • SHIPPING
    • Article
      Lock icon Share sale nod buoys Shipping Corp of India
      437 23 Cabinet okays sale of 10% stake; firm to spend US$4.3b to buy 57 new ships Reuters [MUMBAI] Shares in Shipping Corporation of India, the country’s largest shipping firm, leapt by as much as a fifth yesterday after the Indian Cabinet approved a
      Reuters  -  437 words
    • Article, Illustration
      Lock icon Supertanker glut cuts earnings
      429 23 Bloomberg [LONDON] A glut of supertankers competing for two million-barrel cargoes of Middle East crude oil stayed unchanged, cutting earnings from the ships by 19 per cent to their lowest in almost 13 months. There are 28 per cent more very large crude carriers, or VLCCs,
      Bloomberg; BLOOMBERG  -  429 words
    • Article
      Lock icon SITC drops 7.9% in debut trading in HK
      353 23 It may face weaker demand as China’s export growth eases Bloomberg [HONG KONG] SITC International Holdings Co, a Chinese company that provides marine shipping services, fell on its first day of trading in Hong Kong as investors sold stocks on concern a
      Bloomberg  -  353 words
    • Article
      Lock icon Houston Ship Channel opens to tanker traffic
      395 23 Bloomberg [NEW YORK] The Houston Ship Channel, which serves the largest US petroleum port, opened for inbound tankers and all outbound traffic after crews lowered the damaged electrical tower that closed the waterway, the Coast Guard said. The channel allowed exiting vessels to
      Bloomberg  -  395 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 23 SGX '000 Oct 6 S$ +/-Vol CH Offshore 0.57 0.01 1544 Chuan Hup Hldg 0.26 0.01 37 Cosco Corp 1.87 0.02 ***** CWT Ltd 0.98 0.01 809 Ezra Hldgs 1.78 unch 6019 First Ship Lea 0.48 0.01 865 Freight Links 0.07 0.01 1839 Grand Banks unch unch 0
      278 words
  • Page 23 Advertisements
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      27 23 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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      30 23 Experienced 1>hfp maintenance services wanted. Can they find your services here in the Shipping Times? Experienced 1>hfp maintenance services wanted. Can they find your services here in the Shipping Times?
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  • EDITORIAL & OPINION
    • Article
      Lock icon Sending the right signals to investors
      465 24 EDITORIAL ONE of the unintended consequences of Malaysia’s af-firmative-action policies has been the phenomenon of unsold houses set aside for indigenous Malaysians (called “bumiputras” in Malay) in housing projects throughout the country. This is posing headaches for property developers. The quota-units are a legacy
      465 words
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      Lock icon China human rights: Need to keep watch on the ground
      763 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator IN late June, China issued new regulations to make confessions obtained through torture inadmissible in court. They seemed a major step forward on the country’s long
      763 words
    • Article, Illustration
      Lock icon A taxing tale of India and China
      923 24  -  Capital gains tax imposed by the two nations meets contrasting responses from investors By ROHAN ROHAN SOLAPURKAR The author is the head of tax of BDO in Singapore. BDO is the fifth largest international accounting firm with offices across 115 countries. BDO offers
      AFP FILE PHOTO  -  923 words
    • Article, Illustration
      Lock icon Forget ‘paradigms’, nationalism is key
      1311 25  -  Theories professing to explain a ‘New World Order’ come and go as events negate them and national interest rules LEON HADAR Washington Correspondent SINCE the end of geostrategic competition between the United States and the (former) USSR, and with the ideological struggle between democratic capitalism
      AFP  -  1,311 words
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      168 25 Every Success Needs A Catalyst, Accelerate your career with a CPA Singapore. ''A Lim Kexin Certified Public Accountant Singapore Senior Tax Consultant, PricewaterhouseCoopers World Bank Emerging Youth Leader Council Member of National Youth Council SMU's First Female Valedictorian Mentor with Financial Women's Association (Singapore) c A A community leader and
      168 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9139 26 Transaction date: Oct 6 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 13.5 3148 8Telecom 19 unch 118 19 19 19 19.5 1.7 9.5 6.1 91 12 5 5834
      9,139 words
    • Article
      Lock icon SGX CATALIST
      1712 27 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 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 159 152 160 94.4 4 0.5
      1,712 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9385 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.27/ APS Alpha Fund (USD)!** 0.96/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,385 words
    • Article
      Lock icon SGX ETF
      862 27 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 $mil 124 107 6389 ABF SG Bond ETF 115 -4 324 118 115 111 115 525 1016 757 CIMBAsean40 100US$ US1009 +19 117 1016 986
      862 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 27 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 $mil 56 38 6000 AVJennings A50 +2.5 33 52 49 49 50 3.6 7 4 130.2 55 16 6017 Genting HK US$ US45.5 -0.5 *****
      255 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Oct 5 Index Change Change Change Change Change Change World Index Preliminary 840.7 1.5 1.0 1.7 -4.3 1.9 2.5 EAFE Preliminary 766.4 1.3 -2.4 1.7 -6.3 2.0 0.4 Europe Preliminary 1125.4 1.6
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 28 Oct 6 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.35 0.25 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.53 0.33 6 months 0.63 0.43 9 months 0.80 0.60 12
      177 words
    • Article
      Lock icon USS/SS FORWARD RATES
      22 28 Oct 6 S$ Bid Offer 1-month 1.3095 1.3107 2-months 1.3094 1.3107 3-months 1.3095 1.3107 6-months 1.3096 1.3108 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      134 28 Oct 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 375.0 373.0 375.0 133 Dec 10 375.0 374.5 375.0 70 Jan 11 376.0 Feb 11 376.5 375.0 376.5 28 Mar 11 376.5 Apr 11 377.0 May 11
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 28 Oct 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 06.01.2011 0.29 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 104.13 5-Year N*****0S 2.875 01.07.2015 109.35 109.40 109.40 7-Year N*****0Z
      86 words
    • Article
      Lock icon CHICAGO BOT
      105 28 Oct 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1071.75 1054.00 1077.75 1049.75 Jan 11 1081.50 1064.00 1087.50 1060.75 Mar 11 1089.25 1072.50 1095.00 1068.50 May 11 1093.75 1076.50 1099.25 1072.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 43.47 43.10 43.71
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Oct 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 84.01 0.03 WTI (Near Mth) 82.75 1.18 Dubai (1-Mth F) 80.92 0.62 Tapis blend 90.25 0.60 Minas 83.60 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.94 0.11 Jet Kerosene 93.50 0.20 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2363 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 unch 147 1 3 2.00 2 6221 Asia-Pacific Strategic W*****6 39 1 150 19 4.08 43 6227 ASJ Hldgs W*****1 2.5 1 4 2.60
      2,363 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 28 Oct 6 As at 9am Oct 6 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2610 1.2990 Can dollar 1.2820 1.2980 Euro 1.8040 1.8250 NZ dollar 0.9710 0.9930 Sterling pound 2.0720 2.0960 US dollar 1.3030 1.3190 Local dollars to 100 units
      134 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 28 Oct 6 Open High Sett STI Oct 3181 3181 3188 SIMSCI Oct 371.2 375.7 374.4 Taiwan Oct 289.2 292.9 291.9 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon PALM OIL
      71 28 Oct 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Oct 10 2730 2745 2745 2730 103 292 Nov 10 2720 2729 2736 2717 497 9960 Dec 10 2705 2730 2735 2703 8884 ***** Jan 11 2708 2735
      71 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      427 28 Oct 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6650 0 7502 Mar11 99.6050 0 1512 Jun11 99.5400 0 1871 Sep11 99.4600 0 486 EUROYEN TIBOR FUTURES Dec10 99.7025 303 2786 Mar11 99.7275 12 1299 Jun11 99.7350 99.7350 99.7350 99.7600 105 2775 Sep11 99.7550 0
      427 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 Oct 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 6.526 0.704 7.563 43.257 86.997 0.810 10.902 3.015 1.299 83.876 42.421 1.278 6.699 0.943 30.033 29.204 0.614 0.975 Canada 1.012 6.601
      464 words
    • Article
      Lock icon SIBOR
      85 28 Oct 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Oct 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2770 1.2783 0.9752 0.9753 Canadian dollar 1.2914 1.2934 0.9862 0.9868 Euro 1.8142 1.8161 1.3854 1.3856 NZ dollar 0.9825 0.9847 0.7503 0.7513 Sterling pound 2.0805 2.0831 1.5888 1.5893
      154 words
    • Article
      Lock icon PRECIOUS METALS
      139 28 Oct 6 GOLD (US$/oz) Oct 06 Oct 05 Hong Kong 1346.20 1323.30 Oct 04 Oct 05 London 1314.50 1338.95 1315.25 1339.30 Source: Thomson Reuters CAST BAR Oct 06 (S$) Selling Buying Kilobar 60,744.97 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 386 283 10gm 690
      139 words
    • Article
      Lock icon LONDON METALS
      71 28 Oct 5 Oct 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2346.75 2330.50 3 months 2380.00 2363.00 Copper, Grade A (US$/tonne) Cash 8159.25 8048.50 3 months 8176.00 8064.00 Lead (US$/tonne) Cash 2283.25 2249.00 3 months 2311.00 2277.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      82 28 Oct 5 COCOA (£/tonne) Close Prev High/Low Dec 10 1828 1847 1856/1825 Mar 11 1850 1867 1877/1847 May 11 1870 1886 1892/1866 Jul 11 1886 1900 1899/1884 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1640 1634 1648/1600 Jan 11 1666 1661 1675/1627 Mar 11 1689 1984 1695/1650 May 11
      82 words
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  • BizIT
    • Article, Illustration
      Lock icon Web attracting new ad spend
      751 29  -  Two industry veterans with opposing views discuss how companies should spend their online ad dollars, reports VICTORIA HO VICTORIA HO ONLINE advertising spending in Singapore is on the rise, although different companies are advocating different methods for reaching out online. One recommends care-fully-targeted spending, while
      751 words
    • Article
      Lock icon Key online consumer hot spots
      175 29  -  By VICTORIA HO BRANDTOLOGY produced a report highlighting the top 10 channels for some key consumer hot spots for the months of July and August in Singapore. For credit cards, HardwareZone took the top spot, with 53.5 per cent of the online “buzz” occurring in
      175 words
    • Article, Illustration
      Lock icon Google debuts second-factor authentication in Singapore
      570 29  -  Businesses can offer the authentication via mobile phones Reports by RAJU CHELLAM IF you thought second-fac-tor authentication is a security device that’s specific only for banks and financial institutions, think again. Any business enterprise, including SMBs (small and medium-sized businesses), can offer sec-ond-factor security
      570 words
    • Article
      Lock icon Is e-commerce safe on mobiles?
      306 29 IS your mobile phone secure enough for carrying out financial transactions? Do the right tools exist in the mobile space to authenticate your transactions as well as they do in the fixed-line space? No in both cases, says research house Gartner Inc. “Enterprise apps must
      306 words
    • Article
      Lock icon Firms on the prowl for tech talent
      417 29  -  By AMIT ROY CHOUDHURY [SINGAPORE] There’s a buzz in the Singapore technology industry and firms are on the prowl for new talent. According to a new survey, more than 78 per cent of firms in Singapore are planning to hire technology staff within
      417 words
    • BizIT FOCUS: WORKING SMARTER
      • Article, Illustration
        Lock icon Working longer hours isn’t smart
        2398 30 Instead, using technology in a creative manner can raise productivity and improve work-life balance Panellists Ong Ba Sou, director of technology, Rajah and Tann Koay Saw Lean, director of human resource, Rajah and Tann Venu Reddy, director, corporate development and client services, Asia Pacific, AMI
        2,398 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      92 29 «|P VISIT SMART EXPO 2010 for live presentations from Real Estate and Finance Gurus and over SG$500 in gifts for all visitors absolutely FREE! 9-10 October 2010, Hall 401, SUNTEC Singapore International Convention Exhibition Centre 3 m 7 --5-2 13 4 (*Combined newsstand cover price of The Business Times and
      92 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      63 30 mageFORMULA Canon Delighting You Always I I r 1 Get up to $1000 off yourscanner. I I Trade-in any brand of old scanner and get up to $1,000* discount off any purchase of Canon document, cheque, or network scanner. For more details, visit www.canon.com.sg/business/products/scanners or call 6862 2666. Hurry, promotion
      63 words
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      Lock icon Page 30 Advertisements Column 2
      8 30 This series is brought to you by Canon
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      84 31 am Ma igl il ir«T» Ef•IIBJ C&H 4*% uimattiS M r>» i 2>2 E p .im. 31 *■*■£■:It* v- 2fl& AWAKEN YOUR AMBITIONS WITH CANON Canon's business technologies empower you to accomplish more in the office, giving you the time to pursue your ambitions and passions after work. So be
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  • PROPERTY
    • Article
      Lock icon China’s Golden Week holiday fails to ignite property sales
      290 32 Buyers waiting as price-cooling policies take effect Xinhua [BEIJING] The National Day holiday, which often witnesses the annual peak time for property sales in China, failed to see the market rebound as the country’s property price-cooling policies started to take effect.
      Xinhua  -  290 words
    • Article, Illustration
      Lock icon S’pore Technologies building at Tanjong Pagar put on sale
      326 32 Price expectations for the freehold office block are $1,500 psf of NLA THE Singapore Technologies Building in the Tanjong Pagar area has been put on the market. Price expectations for the 13-storey freehold office block, completed in 1986, are $1,500 per
      326 words
    • Article
      Lock icon Resale cash premiums set to slide
      1188 34  -  Govt measures take effect, with 25% fall in transactions of HDB resale flats By EMILYN YAP MEASURES to cool the property market have started to take effect in the public housing sector. The Housing Development Board (HDB) estimates that transactions of resale flats fell
      1,188 words
    • Article, Illustration
      Lock icon Balancing act with constant fine-tuning
      1086 35  -  The govt has stepped in many times to restore sanity to the housing market here By EMILYN YAP BT looks at some of the major rules imposed on the Singapore public and private housing markets in the past 30 years and their impact. 1980-1989: Lowering
      Source: Knight Frank, DTZ, Hersing, archives  -  1,086 words
    • Article, Illustration
      Lock icon Hope emerging for struggling Dubai property
      616 36 Signs of recovery in low prices, rental costs draw firms to relocate or expand AFP [DUBAI] Dubai faces an uphill struggle to revive its real estate sector that was battered by the global financial crisis, but industry reps at a subdued property fair in
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      Lock icon Japan property shares jump on BOJ’s asset-buying plan
      566 37 Central bank’s move may also accelerate M&As in the country’s Reit sector Reuters [TOKYO] Mitsubishi Estate and other Japanese property stocks jumped yesterday as investors bet the Bank of Japan’s (BOJ) surprise plan to buy assets including real estate investment trusts (Reits)
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      Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPTEMBER 8 AND 14, 2010
      1150 37 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 09/09/2010 99 570 1080 1895 The Arris Apt 09/09/2010 FH 990 1369 1383 District
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      328 34 A i <V% Its. EVELYN NG *****899 Newsman Realty Pte Ltd Maryland Drive GCBFOR SALE r Chanceiy Strata Bungalows Freehold (4,800 6,500 sq. ft.) F 5 Within 1 km to ACS (Barker) SCGS J ma j n tenance fees 2-storey basement attic with pte lift f or |j m jted
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      87 35 8 Nassim Hill Brand New Showflat Prestigious Address, 16 units only Freehold. Foreigners Eligible Short stroll to Orchard Shopping belt Good investment value Immediate occupation Private pool lawn 4 5 bedrooms ensuites Size 3218 sq ft 5759 sq ft Viewing by appointment only. Residential 9847 1311 New Freehold Project on
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      428 35 cnvi A DT Investment iJlj 1/\I\1 International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 9 -10 Oct 11am 8pm Hall 401, SUNTEC Singapore FREE ENTRY www.smartexpos.com Hotline 6408 9697 OVERSEAS PROPERTY MARKET UPDATE Show Highlights .r > Investment Opportunities In Distressed Real Estate Markets Worldwide Robert Moles Chairman
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      98 36 Single-Storey Warehouse For Lease Located along Tuas South Ave 3 Total gross floor area 323,979 sq ft High ceiling of up to 10m Heavy floor loading of up to 20 KN/sqm |"3 Far East Organization INSPIRING BETTER LIVES For leasing enquiries: Call *****422 www.fareast.com.sg SENTOSA SOUTH COVE Built over three
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