The Business Times, 27 October 2010
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2010-10-27
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The Business Times
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Title Section23 2010-10-27 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, October 27,201023 words
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794 2010-10-27 1 JAMIE LEE - Political parties jump into the fray as SGX’s move for ASX awaits go-ahead from Canberra By JAMIE LEE [SINGAPORE] The furore over Singapore Exchange’s (SGX) $10.7 billion bid for ASX took on a strong political tinge as a key Australian party signalled its opposition,794 words
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Article145 2010-10-27 1 H ST INDEX 3,162.51 (-19.57) H ST INDEX FUTURES 3,162 (-19) H SIMSCI 373.94 (-3.33) H SIMSCI FUTURES 374.50 (-2.60) FOREX US$ S$ US$ (S$ per US$) 1.295 (US$/S$ per 1.577 2.042 EURO (US$/S$/E) 1.395 1.807 Foreign currency per US$ S$ YEN 81.20 62.70 RM 3.096 2.390 HK$145 words
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Article634 2010-10-27 1 EMILYN YAP - Move by Suntec Reit comes in wake of foray by K-Reit Asia By EMILYN YAP [SINGAPORE] Suntec Real Estate Investment Trust is buying a one-third interest in some properties in Phase One of Marina Bay Financial Centre (MBFC) for $1.4958 billion or $2,568 per sq634 words
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Advertisement424 2010-10-27 1 PROPERTY Matilda House in Punggol up for tender PAGE 13 SPECIAL FOCUS Clean Energy Expo Asia 2010 PAGES 17, 18, 20 COMPANIES Fate of Oriental Century hangs in the balance PAGE 8 JAPAN Govt may intervene as yen approaches 15-year high PAGE 21 Stock exchange mergers: The good, the bad424 words
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Advertisement356 2010-10-27 2/3 M m I w\ '.it v %T ft (F* l;tT -®fi. Jfi Porsche 911 Carrera 4-hour weekday 1-night stay at Cabriolet* for a day Luxury Yacht Cruise Banyan Tree Villa 1 Memories for a lifetime The high life on the high seas Charge away for an irresistible getaway Charge S$8,000356 words
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TOP STORIES
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818 2010-10-27 4 GRACE LEONG - He makes US$49m in losses, says that he was not well advised by Deutsche Bank, which is fighting his claim By GRACE LEONG [SINGAPORE] Was Chang Tse Wen, a renowned Taiwanese scientist who reaped US$118 million from his development of asthma drug Xolair818 words
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Article, Illustration443 2010-10-27 4 Bloomberg [NEW DELHI] Coal India Ltd’s share sale raised the maximum 152 billion rupees (S$4.4 billion) after investors ordered 15 times the stock available in the nation’s biggest initial public offering. The government sold 631.6 million shares in the world’s biggestBloomberg; BLOOMBERG - 443 words
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594 2010-10-27 4 He hires 39-year-old Castle Point CEO for key investment post Reuters [NEW YORK] Billionaire investor Warren Buffett may have just made one of his boldest market bets: hiring 39-year-old Todd Combs to manage a major part of Berkshire Hathaway’s investments. OnReuters - 594 words
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Article52 2010-10-27 4 IN the Raffles Conversation feature “Noblesse Oblige” (BT, Oct 23), AXA chairman and chief executive Henri de Castries was mentioned as having obtained his bachelor’s degree from Ecole des Hautes Etudes Commerciales de Montreal. He is, in fact, a graduate of the institution’s Paris school. We are sorry for52 words
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Article616 2010-10-27 4 Merger bid runs into Aussie angst THE furore over Singapore Exchange’s $10.7 billion bid for ASX took on a strong political tinge as a key Australian party signalled its opposition, while others are weighing their options. Australia’s Greens Party a member of the coalition government said that it616 words
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1023 2010-10-27 3 JOYCE HOOI - The case for stock exchange mergers is compelling, but too many fail to take off STOCK EXCHANGE MERGERS By JOYCE HOOI [SINGAPORE] Many are called, but it seems few are chosen when it comes to stock exchange mergers. While stock exchanges have been1,023 words
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909 2010-10-27 3 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY WITH its audacious merger-cum-take-over bid for Australia’s ASX, the Singapore Exchange (SGX) is betting on growth by acquisition/merger, a popular strategy among exchanges in recent years since it very quickly offers the benefits of instant size and909 words
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731 2010-10-27 3 S JAYASANKARAN - 2009 AG report reveals 67 cases across 6 ministries By S JAYASANKARAN THE 2008 report of Malaysia’s Auditor-General caused a stir when it was released, with the then Prime Minister Abdullah Badawi promising an investigation into scams and no repeats. But the731 words
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Article, Illustration514 2010-10-27 3 LEE U-WEN - PAUL THE OCTOPUS: JAN 2008 OCT 2010 By LEE U-WEN [SINGAPORE] The oracular octopus named Paul who achieved international renown from his uncannily spot-on predictions at the recent Fifa World Cup has gone up to that big aquarium in the sky. The popular eight-leggedAFP - 514 words
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Advertisement840 2010-10-27 4 FREE 20”/30” American Tourister Trolley Luggage USA AUSTRALIA IN-HOUSE FAIR (26 31 Oct) per Citibank card or Ready Credit member with $3500 $4800 charge respectively for new bookings only, while stocks last All prices are subjected to associated taxes surcharges correct at time of print subject to change fr $51840 words
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Advertisement14 2010-10-27 5 www.vw.com.sg IV r Where on earth will you take it? v Volkswagen. Das Auto.14 words
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Advertisement42 2010-10-27 3 LATITUDE -JustT.O.P. -4-bedroom D.I 0 FREEHOLD development Size from 2,659 sqft to off River Valley Road 2,788 sqft Rare, spacious, bright and Price from $1,9XX psf breezy layout For private presentation BRANDON KOH +65 9671 6641 Look out for the insert today.42 words
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Advertisement209 2010-10-27 7 www.vw.com.sg 'A r; mm The new Touareg. Just arrived in Singapore. The all-new Volkswagen Touareg, luxurious on road, unsurpassed off road. Where you take it is up to you. Just tap your destination into the factory fitted Touchscreen Satellite Navigation System and you're on your way. Whether it's making light209 words
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COMPANY NEWS
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372 2010-10-27 4 LYNETTE KHOO - Deal collapses over issues arising from audit of takeover vehicle ISS Holdings By LYNETTE KHOO THE fate of troubled Oriental Century now hangs in the balance after its proposed reverse takeover (RTO) of international school operator ISS Holdings fell through. The deal’s collapse372 words
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Article, Illustration573 2010-10-27 4 LYNN KAN - Order book remains strong 128 vessels worth US$5.3b By LYNN KAN YANGZIJIANG Shipbuilding Holdings (YZJ) is starting to reap the benefits of its investments, posting a 32 per cent year-on-year rise in third-quarter net profit to 735 million yuan (S$142.85 million) Group revenueREUTERS - 573 words
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371 2010-10-27 4 WINSTON CHAI - By WINSTON CHAI INDIA-FOCUSED dry bulk shipping company Mercator Lines (Singapore) has posted a flat second-quar-ter profit of US$10.26 million, as a spike in vessel hire expenses and employee costs offset an increase in sales. For the three months ended Sept 30, 2010, earnings371 words
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Article, Illustration298 2010-10-27 4 WINSTON CHAI - By WINSTON CHAI XINREN Aluminum has exceeded its initial target and raised $125.4 million from its initial public offering, thanks to a better-than-ex-pected response from institutional investors. The China-based aluminium producer had initially hoped to raise $96.1 million by offering 198 million shares atARTHUR LEE - 298 words
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Article, Illustration357 2010-10-27 4 FELDA CHAY - By FELDA CHAY INFRASTRUCTURE and civil engineering firm OKP Holdings said yesterday that it has bagged a $22 million contract from the Public Utilities Board (PUB) to raise a part of Orchard Road. Under the contract won by OKP’s whol-ly-owned subsidiary Or357 words
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Article, Illustration598 2010-10-27 5 MICHELLE QUAH - Distribution income falls 3.2% to $46.2m on 2.1% rise in gross revenue REIT EARNINGS By MICHELLE QUAH SUNTEC Real Estate Investment Trust (Suntec Reit) has reported lower distribution income for the quarter ended September 30, 2010, compared to the year-ago period, andFILE PHOTO - 598 words
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441 2010-10-27 5 UMA SHANKARI - By UMA SHANKARI FRASERS Centrepoint Trust (FCT) will buy Bedok Point from parent company Fraser and Neave by the second quarter of next year, the trust’s chief executive, Chew Tuan Chiong, said yesterday. FCT, which owns four suburban malls in Singapore, paid441 words
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Article290 2010-10-27 5 At a glance 3 months ended Sept 2010 9 months ended Sept 2010 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Yangzijiang 417.10 324.04 28.7 1740.01 1414.51 23.0 143.88 109.18 31.8 607.47290 words
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356 2010-10-27 5 KAREN NG - By KAREN NG STARHILL Global Real Estate Investment Trust (Reit) yesterday released stellar results buoyed by recent overseas acquisitions. The trust announced a 5.8 per cent rise in distributable income to $19.4 million for its third quarter ended Sept 30, 2010, up from356 words
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Article, Illustration578 2010-10-27 5 Reuters [SINGAPORE] Marine fuel supplier Chemoil Energy Ltd will offer hedging services to shipping customers next month and expects its derivatives volume to match its physical trades within three to five years, its chief said yesterday. The Singapore-listed company has hired 30 risk,Reuters - 578 words
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Article, Illustration509 2010-10-27 6 NISHA RAMCHANDANI - For the year, net profit rises 24.2% to $15.88m; revenue jumps by 21.2% By NISHA RAMCHANDANI THOMSON Medical Centre, which provides health care for women and children, saw net profit rise 18.5 per cent year-on-year to $4.04 million for the fourth quarter509 words
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Article194 2010-10-27 6 YONGNAM Holdings, a structural steel contractor and specialist civil engineering solutions provider, has been awarded its third and fourth contracts for the MRT Downtown Line 2 (DTL 2) valued at $56.5 million. The contracts are for the supply, installation and removal of struts and walers,194 words
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Article, Illustration85 2010-10-27 6 Reuters [SINGAPORE] Singa-pore-based money manager Lion Global Investors said yesterday that Gerard Lee (left) is joining the company as CEO with effect from Nov 16. Lion is an arm of Singapore’s second largest lender, OCBC Bank, with total assets under management ofReuters - 85 words
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COMPANY BRIEFS
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Article132 2010-10-27 6 ST Engineering is expanding in the Americas. Its US company, Vision Technologies Systems, Inc (VT Systems), has set up a wholly owned subsidiary, VT Systems International LLC, in the state of Delaware. It will also set up VT Systems Ltda as an operating company132 words
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114 2010-10-27 6 TREASURY China Trust (TCT) has reported a distributable income of $845,000 for the third quarter ended Sept 30, compared to a forecast loss of $4.31 million. This is net of unrealised foreign exchange gain of $18.59 million versus the estimated $4.32 million. Its net114 words
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Advertisement333 2010-10-27 4 SID DIRECTORS CONFERENCE 2010 A must for all5 corporate directors Monday 15 November 2010 GETTING IT RIGHT, THE CHALLENGES AND OPPORTUNITIES AHEAD A one-day conference organised by Singapore Institute of Directors (SID) Monday 15 November 2010 from 9.00am 5.30pm Marina Bay Sands, Singapore Guest-of-Honour: Mr. Lim Hng Kiang Minister for333 words
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Advertisement231 2010-10-27 9 A NEW CHAPTER TO SINGAPORE'S BEST-SELLING LUXURY SUV OVER THE PAST DECADE. L t U i 9 m r f 3 THE NEW RX 270. COMPACT ENGINE WITH FEATURES DESIGNED AROUND THE DRIVER. The new RX 270, providing you with ultimate convenience, comfort, safety and enhanced fuel efficiency. As we231 words
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Advertisement120 2010-10-27 5 V J I 1 1 WINE DINE AND HOSPITALITY It's Olttoberiest at Zenden! J3post! Enjoy beer all night as you savour the best of Germany from our special Oktoberfest a la carte menu at Zenden. k a > A GALLERYHOTEL 1 Nanson Road Singapore *****9 Robertson Quay Tel (65) 6849120 words
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Advertisement16 2010-10-27 6 Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg16 words
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Advertisement692 2010-10-27 6 DISCOVER A WORLD OF OPPORTUNITIES IN GLOBAL EMERGING MARKET BONDS ■h L Eastern Middle ft Europe East Africa Latin Asia I America 1 k IK .Vw i f 4t ■J Over the years, Emerging Market (EM) bonds have matured considerably as an asset class. In fact, over the long term,692 words
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SINGAPORE MARKETS
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Article, Illustration586 2010-10-27 7 R SIVANITHY - ST Index sheds 19.6 points; SGX’s price slide continues on concerns over takeover STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday slumped to a 19.5 7-point loss at 3,162.51 in tandem with weakness in the region and a soft opening forBLOOMBERG - 586 words
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Article65 2010-10-27 7 Oct 26 VALUE CLOSE BT OB/OS -225.00 +21.00 BT CADI -*****.00-143.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 785.44 -4.40 FTSE ST Small Cap 582.19 -2.76 FTSE ST All Share 782.44 -4.70 FTSE ST China Top 292.20 -2.39 FTSE ST China 332.13 -1.68 FTSE ST65 words
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Article186 2010-10-27 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 5 0 0 0 4 7 5 Manufacturing 38 75 79 3 9 15 41 84 94 Commerce 12 29 28 4 3 8 16 32 36 Tpt/Stor/Comms 10 20 12186 words
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BROKERS’ TAKE
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Article, Illustration414 2010-10-27 7 Oct 26 close: S$1.96 DMG Partners Securities, Oct 26 WE downgrade our rating from “buy” to “neutral” on the back of Yangzijiang’s strong share price performance, up 65 per cent YTD and up 72 per cent since our initiation on March 30. The share price recovery has been414 words
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Article558 2010-10-27 7 LYNETTE KHOO - Oct 26 close: S$0.68 OCBC Investment Research, Oct 26 Compiled by LYNETTE KHOO GOLDEN Agri-Resources (GAR) is likely to see a pretty decent Q3 FY10 performance, aided by the recovery in crude palm oil (CPO) prices in the latter half of the quarter as well as higher CPO558 words
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Article123 2010-10-27 7 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,874 31,874 74,043 74,043 Manufacturing 321,409 50,706 372,115 248,281 2,531 250,812 Commerce 77,982 38,202 116,184 87,145 4,745 91,890 Tpt/Stor/Comms 184,895 421 185,316 167,667 62 167,729 Finance 54,501 113 54,614 485,988 15 486,003 Construction 55,626 1,822123 words
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Article111 2010-10-27 7 Stock name Close Change CapMallsAsia 2.170 -0.010 CapitaLand 4.000 -0.030 CapitaMall 1.990 -0.010 CityDev 13.280 -0.220 ComfortDelGro 1.470 -0.010 DBS Grp 14.400 -0.200 F&N 6.190 -0.040 Genting SP 2.220 -0.020 Golden Agri 0.680 -0.015 HK Land 6.770 +0.030 JMH 44.920 +0.860 JSH 25.660 +0.160 Jardine C&C111 words
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Article, Illustration506 2010-10-27 7 up amid uncertainty before Fed measures CURRENCIES Reuters [NEW YORK] The US dollar rose yesterday, with investors wary of betting against it because of uncertainty over the extent of quantitative easing measures the Federal Reserve may take next week and as the euro again failed to hold above the US$1.4000Reuters; BLOOMBERG - 506 words
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Article53 2010-10-27 7 VOLUME MapletreeInd 78,941,000 Transcu Grp 68,914,000 Genting SP 60,490,000 GMG Global 58,147,000 BerlianLaju 54,856,000 ChinaNTown 48,831,000 FreightLinks 44,968,000 GLP 43,748,000 Golden Agri 40,795,000 SGX 36,570,000 VALUE($) SGX 320,487,860 Genting SP 134,768,180 GLP 98,047,575 MapletreeInd 84,921,056 DBS Grp 72,034,420 Wilmar 58,524,610 UOB 54,712,080 Keppel Corp 46,003,940 SingTel 43,013,08053 words
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Article113 2010-10-27 7 BY CENTS CLOSE UP JMH 4492 111.3 2.0 DBXT FTVietnam 10US$ 3677 51.8 1.1 OCC 5.1% NCPS 100 ***** 50.0 0.5 DBXT S&P Short 10US$ 4833 29.8 0.5 UOB 5.05%NCPS 100 ***** 22.0 0.2 JSH 2566 20.7 0.6 HsuFuChi 350 20.0 6.1 DBXT MSCHINA 10US$ 1320 16.8 1.0 DBXT113 words
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Article119 2010-10-27 7 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-187.7 -1.0 GLD 10US$ *****-124.3 -0.7 Jardine C&C 3894 -52.0 -1.3 DBXT SPASX200 10US$ 3309 -32.4 -0.7 SGX.ES.1011 869 -26.0 -2.9 SGX 872 -23.0 -2.6 Lyxor China H 10US$ 1760 -22.0 -1.0 CityDev 1328 -22.0 -1.6 OCBC Bk 5.1%NCPS 100 ***** -22.0119 words
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SINGAPORE NEWS
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343 2010-10-27 8 UMA SHANKARI - A total of 1,322 units will be offered in the two projects By UMA SHANKARI THE Housing Development Board has launched two more build-to-order (BTO) projects Senja Parc View at Bukit Panjang and Anchorvale Horizon at Sengkang. A total of 1,322343 words
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315 2010-10-27 8 SINGAPORE Cooperation Enterprise (SCE) yesterday said it had signed a Memorandum of Understanding (MOU) with the Republic of Congo to share Singapore’s experience in the development of special economic zones. The MOU was signed between Alphonsus Chia, SCE’s chief executive officer, and Alain315 words
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412 2010-10-27 8 LYNN KAN - Biomedical sector leads 26.2% growth in Sept By LYNN KAN SINGAPORE’S industrial output in September beat consensus estimates, growing 26.2 per cent from a year back, with all clusters reporting higher production. Excluding biomedical manufacturing, output grew 20.4 per cent. Production grew 5.1 per cent on412 words
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376 2010-10-27 8 KAREN NG - By KAREN NG ONLY 12 per cent of Singaporeans cite climate change as their top concern, an HSBC survey has found. But if it is any consolation, the proportion is even lower in major countries France, the United Kingdom and376 words
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Article, Illustration791 2010-10-27 8 KALPANA RASHIWALA - URA also launches another 99-year leasehold plot at Seletar Road By KALPANA RASHIWALA A HOUSE in Punggol built in 1902 by the father of the late legal eagle Howard Cashin has been put up for sale as part of a791 words
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Advertisement554 2010-10-27 8 E To seize opportunities in high yielding bonds for stable income potential HSBC Global Investment Funds Global High Income Bond Bond markets have provided a myriad of opportunities following the financial crisis. In the current low interest rate environment, bonds with attractive yields can offer investors stable income. HSBC Global554 words
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ECONOMY WATCH
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481 2010-10-27 9 Measures aimed at avoiding ‘double-dip recession’ as strong yen, deflation bite AFP [TOKYO] Japan’s Cabinet yesterday approved an extra budget to cover a new stimulus package worth about US$63 billion to avert the threat of a “dou-ble-dip recession” as deflation and a strong yenAFP - 481 words
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789 2010-10-27 9 Emulating Korea will help China improve economic structure Reuters [GYEONGJU, South Korea] The past is not an infallible guide to the future, but a reading of how East Asia’s economies developed suggests China needs to get ready for an appreciable slowdown in growthReuters - 789 words
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Article, Illustration501 2010-10-27 9 Member nations urged to adopt united front on issue AFP [HANOI] Asian leaders faced with rocketing exchange rates and surging stock markets will raise the alarm at a regional summit this week over a “currency war” that threatens to destabilise their economies.AFP; XINHUA - 501 words
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Article, Illustration374 2010-10-27 9 Reuters [BOSTON] The United States does not face a problem of rising inflation for several years and also does not risk a damaging spell of falling prices, Paul Volcker, former chairman of the Federal Reserve, said. “Inflation is not a problem rightReuters; BLOOMBERG - 374 words
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251 2010-10-27 9 Reuters [SYDNEY] Australian business conditions softened slightly last quarter but confidence rebounded sharply and expectations for the next 12 months improved, underpinning the outlook for solid economic growth. The results from National Australia Bank’s (NAB) survey of over 910 firms also showed that business investmentReuters - 251 words
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Advertisement1565 2010-10-27 9 JERRY LUM *Zm Marketing Director, MBA, CES 55™. HP: 8288 0098 View: jerrylum.myweb.sg NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN that pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore, the following resolutions were duly passed as special resolutions at an extraordinary general meeting of RSH Limited (Company1,565 words
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MALAYSIA/INDONESIA
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422 2010-10-27 10 Govt is seeking to reverse 24% decline in sales in biggest Islamic bond market Bloomberg [KUALA LUMPUR] Malaysia plans to let issuers sell to individual investors sukuk that can be traded on the local stock exchange as the government seeks to reverseBloomberg - 422 words
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Article, Illustration301 2010-10-27 10 Reuters [KUALA LUMPUR] Malaysia’s central bank will intervene in currency markets if movements in the ringgit become “disorderly”, its governor Zeti Akhtar Aziz said yesterday. The ringgit has risen 10.5 per cent against the dollar this year as investors pump cash intoReuters; AFP - 301 words
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354 2010-10-27 10 Reuters [KUALA LUMPUR] Malaysia’s Petronas Chemicals could raise as much as US$4.2 billion in its initial public offering (IPO), the largest ever in South-east Asia, with the unit of state oil giant Petronas setting a price range for the share issue. A termReuters - 354 words
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303 2010-10-27 10 Reuters [JAKARTA] Indonesia is selling cars faster than it is building roads, increasing gridlock in cities and undoing its efforts to attract foreign investment. Analysts expect South-east Asia’s largest economy to build just 14 kilometres of toll roads next year, about as much roadReuters - 303 words
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Advertisement213 2010-10-27 10 NO ONE KNOWS LIKE WE DO When it comes to delivering on time every time, local knowledge is everything. As the pioneer of international express shipping, our local expertise, customs clearance experience and international express network are unparalleled. That's why we can guarantee delivery by noon* to more of Europe213 words
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GREATER CHINA/INDIA
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Article, Illustration502 2010-10-27 11 Modest hike causes stocks to drop from 6-month high on inflation fears Bloomberg [SHANGHAI] China, Asia’s biggest oil consumer, increased retail petrol and diesel prices by 3 per cent yesterday as part of government measures to cool the economy and meetBloomberg; XINHUA - 502 words
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462 2010-10-27 11 Bloomberg [LONDON] AIA Group Ltd traded 9.2 per cent higher than its initial public offering price in unofficial over-the-counter trading on Monday after raising US$17.8 billion in its Hong Kong IPO, according to three people with knowledge of the transactions. AIA’sBloomberg - 462 words
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356 2010-10-27 11 Problem is structural, warns central bank Reuters [MUMBAI] India’s central bank warned yesterday that surging food prices are structural and will put upward pressure on inflation and interest rates. The Reserve Bank of India (RBI) is widely expected to raise interest rates by anotherReuters - 356 words
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388 2010-10-27 11 Bloomberg [SHANGHAI] BYD Co, the Chinese carmaker backed by Warren Buffett, fell the most in almost two years in Hong Kong trading after third-quarter profit dropped 99 per cent amid faltering sales. The shares declined 10 per cent to close at HK$51.05 yesterday,Bloomberg - 388 words
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200 2010-10-27 11 AFP [NEW DELHI] US conglomerate General Electric has landed India’s largest single order for gas and steam turbines in a US$750-million deal with utility giant Reliance Power. GE will provide six gas turbines and three steam turbines to fuel a 2,400-megawatt expansionAFP - 200 words
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Advertisement81 2010-10-27 11 Pulses November issue out now! Singapore private banking centre for Asian millionaires? Cosco Corporation Singapore poised to benefit from China’s shipbuilding industry. Investors: seek alternative investment options or risk losing purchasing power. CFDs: are they inherently riskier than ordinary stocks? In ImPulses, the Mercedes-Benz CLS 500 BlueEfficiency impresses with an81 words
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CLEAN ENERGY EXPO ASIA 2010
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Article, Illustration603 2010-10-27 12 JOYCE HOOI - Financial investment in clean energy firms and projects have been surging in recent times. JOYCE HOOIexplains why the sector has plenty of reasons to get excited JOYCE HOOI AS the emerging markets of Asia become the new darlings of the world economy, theirAFP FILE PHOTO - 603 words
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Article245 2010-10-27 12 JOYCE HOOI - By JOYCE HOOI THIS year’s Clean Energy Expo Asia will be back next week, larger and indubitably better. To be held on Nov 2-4 at the Suntec International Convention and Exhibition Centre, the expo will be 50 per cent larger in terms of exhibition space compared245 words
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Article, Illustration814 2010-10-27 13 YEOH KEAT CHUAN - Several clean energy companies have made Singapore their base for research, manufacturing and headquarters activities, writes YEOH KEAT CHUAN YEOH KEAT CHUAN The writer is the assistant managing director of the Singapore Economic Development Board MOUNTING concerns about climate change and depleting814 words
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Article, Illustration369 2010-10-27 13 SEAN SUTTON - By SEAN SUTTON The writer is president of Vestas Asia Pacific IT might seem ironic that a company specialising in wind turbine generators would set up shop in the balmy tropical stillness of Singapore, but for Vestas, its move from Denmark to369 words
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Article, Illustration832 2010-10-27 14 LAWRENCE WONG - Singapore aims to be a smart energy economy, with innovative, resilient and sustainable energy solutions to fuel its growth, says LAWRENCE WONG LAWRENCE WONG The writer is the chief executive of the Energy Market Authority THE energy landscape is constantly changing and so must theFILE PHOTO - 832 words
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Article590 2010-10-27 14 CHRISTOPHER NIGHTINGALE - By CHRISTOPHER NIGHTINGALE The writer is the chairman of Alternative Energy Ltd SINCE electricity was developed some hundred years ago, electrical energy has been produced and distributed to the consumer by large power stations. Generally, such power stations have been fuelled by fossil fuels or by nuclear power.590 words
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Advertisement85 2010-10-27 12 SMART ENERGY FDR A CLEANER FUTURE The completion of one of the world's largest integrated wafer, cell and module facilities this year, is a giant step towards this goal. REC is well positioned as a fully integrated solar energy company. We link our strengths across the complete PV value chain85 words
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Advertisement128 2010-10-27 13 Japan Pavilion at Clean Energy Gxpo Asia EOIO CLEAN ENERGY EXPO 1 A S I 2nd-4th November 2010 Suntec Singapore Hall 401 JETRO will partner with leading Japanese renewable energy firms and government agencies that will showcase innovative technologies and solutions for energy efficiency and clean energy such as solar,128 words
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Advertisement277 2010-10-27 13 ON THE BRIGHTSIDE OF SOLAR ENERGY TheSolarEnergyResearchInstituteofSingapore(SERIS)isSingapore’snational institute for applied solar energy research. Our mission is to conduct research and development for a sustainable energy supply based on solar resources. SERIS conducts industry-oriented R&D as well as use-inspired basic research inthefieldofsolarenergyconversion.Themainemphasisisonthedevelopment of materials, components, processes and systems for photovoltaic electricity277 words
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Advertisement182 2010-10-27 19 The battle for performance efficiency begins. TDI® TFSI® Introducing the new fuel efficient Audi Q7 3.0 TFSI. After the success of the fuel efficient 3.0 TDI® the Audi Q7 now comes with a new 3.0 TFSI® engine and 8-speed tiptronic delivering 272bhp whilst consuming just 10.7 litres of fuel per182 words
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Advertisement209 2010-10-27 14 www.cleanenergyexpoasia.com SINGAPORE PAVILION AT 111 1 CLEAN ENERGY EXPO ASIA 2010 Singapore aims to be a global hub where clean energy products are developed, made, and exported overseas. Since Singapore identified the Clean Energy industry as a strategic growth area for the economy last year, the city-state began to implement209 words
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WORLD
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624 2010-10-27 15 ANTHONY ROWLEY - Many firms fail to break even on export operations at current yen levels: survey By ANTHONY ROWLEY JAPANESE authorities yesterday hinted strongly at the possibility of renewed intervention in currency markets as the yen hovered near another 15-year high against the624 words
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415 2010-10-27 15 Reuters [BRASILIA] Brazil’s finance minister has praised progress by the Group of 20 (G-20) economies on global currency issues and ruled out a new capital gains tax on foreign holdings of local bonds to curb a domestic currency rally. Guido MantegaReuters - 415 words
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Article412 2010-10-27 15 Optimism remains despite Q3 loss by investment banking Reuters [ZURICH] Switzerland’s biggest bank UBS has stopped bleeding client money for the first time since early 2008, meeting a key turnaround goal earlier than anticipated, though investment banking reported a third-quarter loss. Third-quarter net profit atReuters - 412 words
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Article314 2010-10-27 15 The steelmaker forecasts drop in Q4 earnings due to falling steel prices and rising costs Bloomberg [LONDON] ArcelorMittal, the world’s biggest steelmaker, posted a 48 per cent increase in third-quarter profit and forecast a decline in fourth-quarter earnings because of falling steel prices and risingBloomberg - 314 words
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Article, Illustration146 2010-10-27 15 [VERSAILLES] Japanese pop artist Takashi Murakami fooling around in front of his work, ‘Oval Buddha Gold’ at the Palace of Versailles, outside Paris. The exhibition, which will run till Dec 12, will be Murakami’s first major retrospective in France, and he comes afterPHOTOS: AFP, REUTERS - 146 words
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Article, Illustration577 2010-10-27 16 Q3 growth driven by construction, services, eases pressure for stimulus Bloomberg [LONDON] Britain’s economy grew in the third quarter by twice as much as economists forecast as services and construction helped sustain the recovery’s momentum, easing pressure on officials to add stimulus.Bloomberg; REUTERS - 577 words
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Article, Illustration627 2010-10-27 16 Bloomberg [SEOUL] Korea National Oil Corp president Kang Young Won had a message for investment bankers pitching acquisition targets for the state-owned company early this year: Be mindful of competition from China. In June 2009, Mr Kang had failed to buyBloomberg - 627 words
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597 2010-10-27 16 Reuters [SEATTLE] Microsoft Corp’s resident visionary and departing software chief has urged the company to move on from its Windows and Office roots and imagine a “post-PC world” of simple, global Web devices. Five years after Ray Ozzie made his mark with his “Internet ServicesReuters - 597 words
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475 2010-10-27 16 Central bank caught between inflation, slowing growth Bloomberg [SEOUL] South Korea’s economic expansion probably slowed last quarter as the nation’s currency surged the most in Asia and global growth cooled, imperilling exports and increasing scope to extend a pause in interest-rate increases.Bloomberg - 475 words
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Article, Illustration545 2010-10-27 16 Luxury retailer LVMH claims it owns 14.2% of Hermes Bloomberg [PARIS] The founding family of Hermes International SCA did not sell a block of shares in the French maker of Birkin bags and silk scarves to LVMH Moet Hennessy Louis Vuitton SA, according toBloomberg; AFP - 545 words
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645 2010-10-27 17 PAULINE NG - Somalia takes bottom place followed by Afghanistan, Myanmar and Iraq By PAULINE NG SINGAPORE, Denmark and New Zealand tied for first place as the world’s least corrupt nations while Malaysia remained at 56th place, corruption watchdog group Transparency International (TI) said. In its645 words
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Article, Illustration486 2010-10-27 17 LATEST US DATA Bloomberg [NEW YORK] Confidence among US consumers rose in this month from a sev-en-month low, while measures of labour market sentiment showed the biggest part of the economy will have trouble accelerating. The Conference Board’s confidence index increased to 50.2 from a revisedBloomberg; BLOOMBERG FILE PHOTO - 486 words
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325 2010-10-27 17 Bloomberg [BANGKOK] Thailand’s government approved a 2.9 billion baht (S$125.44 million) special budget to help victims of the nation’s worst flooding in five decades, as authorities here worked to strengthen the city’s defences. The government will give 5,000 baht to each family inBloomberg - 325 words
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659 2010-10-27 17 AFP [WASHINGTON] Raising pressure on banks, the Federal Reserve is wading into the investigation of whether mortgage lenders cut corners and used flawed documents to foreclose on homes. Major banks are already under investigation by state officials with subpoena power, who could forceAFP - 659 words
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307 2010-10-27 17 AFP [LONDON] Blackburn Rovers are in takeover talks with Indian company Venkys and hope to complete a sale next month, the English Premier League side confirmed yesterday. Blackburn chairman John Williams said in a statement on the club’s website that a series of meetings betweenAFP - 307 words
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Page 15 Advertisements
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Advertisement162 2010-10-27 15 malausia W" 1 Ft LIMES Fly to Europe on Business Class, and experience 5-Star MH at exceptional value. p- •r 7a*. I 'V. rM KN 0 *5 P k--:-ss FROM SINGAPORE AMSTERDAM LONDON FROM SGD RETURN 5,447 All-inclusive fares FROM SGD RETURN 5,673 All-inclusive fares BOOK NOW malaysiaairlines.com or visit162 words
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Page 17 Advertisements
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Advertisement67 2010-10-27 17 RESIDENCES AT EMERALD HILL Prime District 9 FREEHOLD EXCLUSIVE Set in Charismatic Peranakan Neighborhood with modern vibe 33 Spacious 3Bdrm 4Bdrm apts, PH Strata Houses, Size from 1,657 5,791 sq.ft Private Lifts and Luxurious Fittings Finishes Proximity to Chatsworth Int Sch, Raffles Girls' Sec Sch, etc 3 Mins Stroll to67 words
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EDITORIAL & OPINION
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467 2010-10-27 18 EDITORIAL “ZOU chu qu” in hanyu pinyin means “to go outside”. For Chinese corporations, it spells the strategy of venturing overseas. While not new and evident in the numerous mega Chinese investments in resource-rich industries worldwide to help fuel the economic boom467 words
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Article, Illustration998 2010-10-27 18 RAJAT M NAG - Key tasks include boosting trade, improving livelihoods and working for good governance By RAJAT RAJAT M NAG The writer is managing director-general of the Asian Development Bank. This article is excerpted from an address he gave on Oct 18 toAP - 998 words
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Article, Illustration791 2010-10-27 18 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent HERE is a prediction: If as expected, the Republicans make big electoral gains in next week’s mid-terms taking control of the House of Representatives and perhaps even the Senate these victories are going to791 words
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Article, Illustration1086 2010-10-27 19 PETER C B PHILLIPS, JUN YU, ERIC GHYSELS - S’pore is well-placed to join London and New York, which have strong links with the financial econometrics circuit By PETER C B PHILLIPS, JUN YU, ERIC GHYSELS Peter C B Phillips is sterling professor of economics at Yale University and distinguished term professor andAP - 1,086 words
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Article, Illustration812 2010-10-27 19 AL LABITA - AL LABITA The writer is a Manila-based contributor to BT PHILIPPINE taipan John Gokongwei could not have chosen a more propitious time. Amid a booming stock market, the initial public offering (IPO) of his budget carrier, Cebu Pacific, has taken off with investors snapping upREUTERS - 812 words
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318 2010-10-27 19 Eileen Ang - LETTER TO THE EDITOR Eileen Ang Head, Development Policy (Competition and Market Access) Media Development Authority WE refer to the article “10 companies gunning for universal set-top deal” (BT, Oct 16). The article states that “A universal set-top was mooted by several318 words
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Transport HUB
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Article, Illustration698 2010-10-27 20 VEN SREENIVASAN - Passenger traffic rises 10.5% in September from 6.5% in August but freight traffic drops to 14.8% from 19%, reports VEN SREENIVASAN VEN SREENIVASAN INTERNATIONALair passenger traffic continues to rise, but freight has started to dip. Releasing the latest numbers yesterday, the International Air TransportAFP - 698 words
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Article2987 2010-10-27 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ457 1230 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 06052,987 words
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257 2010-10-27 20 Bloomberg [TOKYO] Osaka Titanium Technologies, the world’s sec-ond-largest producer, plans to raise contract prices for the first time in three years because of higher costs and a recovery in aviation demand, including in China. The company is close to settling a “mid-single” digitBloomberg - 257 words
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Article278 2010-10-27 20 SGX '000 Oct 26 S$ +/-Vol CH Offshore 0.54 -0.01 902 Chuan Hup Hldg 0.25 unch 208 Cosco Corp 1.86 -0.05 ***** CWT Ltd 0.96 -0.02 1761 Ezra Hldgs 1.76 -0.02 6598 First Ship Lea 0.47 -0.01 1923 Freight Links 0.09 0.01 ***** Grand Banks unch unch 0278 words
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607 2010-10-27 20 AP [ABU DHABI] An Abu Dhabi-based investment company is taking a 20 per cent stake in the global aircraft leasing firm AerCap Holdings in a deal valued at US$380 million. The acquisition by Waha Capital, funded largely by shifting theAP - 607 words
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Article904 2010-10-27 21 DAVID HUGHES - Probe by EC does not bode well for the mutual liability insurers STRAIT TALK By DAVID HUGHES TO outsiders the P&I club system must seem to be one of shipping’s deeper mysteries. “P&I” stands for protection and indemnity which does not really tell the uninitiated904 words
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TRANSPORT HUB: LAND/SHIPPING
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Article, Illustration720 2010-10-27 22 SAMUEL EE - Eurokars and Audi are building two of the biggest new facilities in the area By SAMUEL EE ONE end of Leng Kee Road will soon present a refreshed and more modern face of the motor trade even as it undergoes720 words
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524 2010-10-27 22 AFP [WASHINGTON] The United States on Monday unveiled new standards for heavy-duty trucks, vans, buses and delivery vehicles, aimed at improving their fuel efficiency and reducing emissions by up to 20 per cent. “This comprehensive national program is projected to reduceAFP - 524 words
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126 2010-10-27 22 Reuters [LONDON] Braemar Shipping Services posted a 3 per cent rise in first-half pretax profit, helped by its shipbroking business, and said growth in Asia was expected to sustain the demand for shipping. The company, which intends to strengthen its presence significantly in Asia,Reuters - 126 words
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Article, Illustration338 2010-10-27 22 AP [BERLIN] German military and international anti-pira-cy forces attacked a cargo ship being held by Somali pirates off eastern Africa and freed it on Monday, but the hijackers got away, the German shipping company said. None of the 16 crew members aboard theAP; REUTERS - 338 words
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407 2010-10-27 22 AP Reuters [SHANGHAI] Two bullet trains glided silently out of a gleaming new station yesterday to inaugurate China’s latest high speed rail line, as officials boasted of setting world records using domestic technology. Many, but not all, of the trains plying the new railwayAP; Reuters - 407 words
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238 2010-10-27 22 AFP [SHANGHAI] China Railway Construction said it expects to lose 4.2 billion yuan (S$816.29 million) in unforeseen costs on a rail line for Muslim pilgrims in Saudi Arabia. The company signed a contract worth 12.1 billion yuan in February 2009 with theAFP - 238 words
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Page 20 Miscellaneous
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Miscellaneous300 2010-10-27 20 CRYPTIC CROSSWORD Across 1 Phone left in recess (6) 5 Extremely fashionable black suit (2,6) 9 With bandleader in capital (10) 10 Formerly working with church (4) 11 Article in French daily exposing drink (8) 12 Mistake made by fielder at Oxford? (4-2) 13 Unsatisfactory, a bygone king (4) 15300 words
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Page 21 Advertisements
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Advertisement488 2010-10-27 21 ATTEND THE REGION’S PREMIER BUNKERING EVENT 14 16 March 2011 The Al Diar Siji Hotel, Fujairah, UAE The Seventh International FUJAIRAH BUNKERING FUEL OIL FORUM (FUJCON 2011) In conjunction with the Fujairah Bunkering Week, 12 to 16 March 2011 Under the Patronage of H.H. Sheikh Hamad Bin Mohammed Al Sharqi,488 words
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SINGAPORE STOCKS
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Article9068 2010-10-27 29 Transaction date: Oct 26 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 14.5 3148 8Telecom 18.5 unch 204 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 58349,068 words
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Article1716 2010-10-27 30 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 7 4 1181 t AA Grp 4 unch 91 4 4 4 4.5 22.2 3.9 225 130 6222 t APStrategic 165 1571,716 words
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Article9406 2010-10-27 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.3/ APS Alpha Fund (USD)!** 1.01/ 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 WM9,406 words
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Article829 2010-10-27 30 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 $mil 124 107 6389 ABF SG Bond ETF 116 114 116 529.5 1036 757 CIMBAsean40 100US$ US1026 -1 7 1026 1026 1022 1032 41 325829 words
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Article259 2010-10-27 30 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 $mil 55 38 6000 AVJennings A52 -2.5 3 52 52 52 54 3.6 6.7 4.2 135.4 55 16 6017 Genting HK US$ US44 -1 ***** 45.5259 words
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Advertisement66 2010-10-27 29 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 2010-10-27 31 In local curr In S$ In US$ dy yr dy yr dy yr Oct 25 Index Change Change Change Change Change Change World Index Preliminary 861.3 0.4 3.5 0.2 -2.9 0.7 5.4 EAFE Preliminary 783.4 0.2 -0.2 0.3 -4.7 0.8 3.6 Europe Preliminary 1162.4 0.2374 words
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Article182 2010-10-27 31 Oct 26 Oct 26 $S Offer Bid 0vernight 0.04 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ 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 0.62 0.52 9 months 0.80182 words
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Article22 2010-10-27 31 Oct 26 S$ Bid Offer 1-month 1.2945 1.2955 2-months 1.2944 1.2955 3-months 1.2945 1.2955 6-months 1.2944 1.2954 Source: OCBC22 words
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Article121 2010-10-27 31 Oct 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.249 Can dollar 1.292 1.243 Euro 1.838 1.768 Sterling pound 2.072 1.993 NZ dollar 1.001 0.954 US dollar 1.313 1.263 Local dollars to 100 units of foreign121 words
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Article27 2010-10-27 31 Oct 26 Open High Sett STI Oct 3162 SIMSCI Oct 377.1 377.5 374.5 Taiwan Oct 293.3 294.5 293.8 Source: MF Global (S) Pte. Ltd27 words
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Article76 2010-10-27 31 Oct 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Nov 10 3062 3050 3062 3041 434 2234 Dec 10 3069 3047 3061 3038 2809 ***** Jan 11 3066 3053 3066 3035 8026 ***** Feb 11 3055 305276 words
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Article424 2010-10-27 31 Oct 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6650 0 8505 Mar11 99.6150 0 2057 Jun11 99.5650 0 1569 Sep11 99.4950 0 2066 EUROYEN TIBOR FUTURES Dec10 99.6800 1 3021 Mar11 99.6925 5 1545 Jun11 99.6950 99.6950 99.6950 99.7000 209 2045 Sep11 99.6925 0424 words
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Article152 2010-10-27 31 Oct 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 404.0 402.0 404.0 12 Dec 10 405.1 404.5 404.5 40 Jan 11 407.0 405.0 406.0 50 Feb 11 408.0 407.0 408.0 28 Mar 11 410.0 410.0 409.0152 words
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Article82 2010-10-27 31 Oct 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27.01.2011 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 103.97 5-Year N*****0S 2.875 01.07.2015 109.10 109.15 109.13 7-Year N*****0Z82 words
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Article105 2010-10-27 31 Oct 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1217.75 1199.50 1223.50 1199.00 Jan 11 1230.00 1211.50 1235.50 1211.00 Mar 11 1237.25 1218.75 1242.75 1218.50 May 11 1239.25 1221.75 1245.25 1221.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 49.47 48.30 50.20105 words
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Article77 2010-10-27 31 CRUDE OIL PRODUCTS Oct 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.50 1.33 WTI (Near Mth) 82.42 1.16 Dubai (1-Mth F) 81.10 1.32 Tapis blend 88.00 0.80 Minas 83.00 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 84.00 1.44 Jet Kerosene 95.40 1.75 US$/barrel Opec Oil77 words
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2467 2010-10-27 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 unch 24 1 3 2.00 2 6221 Asia-Pacific Strategic W*****6 39 1 150 15 4.23 43 6227 ASJ Hldgs W*****1 3.5 1 4 152,467 words
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Article464 2010-10-27 31 Oct 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.593 0.709 7.674 43.948 88.169 0.803 11.061 3.062 1.316 84.905 42.643 1.281 6.836 0.962 30.295 29.582 0.627 0.989 Canada 0.990 6.527464 words
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Article85 2010-10-27 31 Oct 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article138 2010-10-27 31 Oct 26 GOLD (US$/oz) Oct 26 Oct 25 Hong Kong 1337.00 1347.00 Oct 25 Oct 22 London 1335.44 1323.45 1336.21 1324.20 Source: Thomson Reuters CAST BAR Oct 26 (S$) Selling Buying Kilobar 60,006.67 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 134 56 5gm 382 280 10gm 682138 words
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Article71 2010-10-27 31 Oct 25 Oct 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2340.75 2334.00 3 months 2373.00 2365.00 Copper, Grade A (US$/tonne) Cash 8507.50 8318.00 3 months 8518.00 8334.00 Lead (US$/tonne) Cash 2558.00 2503.25 3 months 2585.00 2530.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article155 2010-10-27 31 Oct 26 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2803 1.2814 0.9890 0.9891 Canadian dollar 1.2673 1.2689 0.9790 0.9794 Euro 1.8056 1.8077 1.3948 1.3954 NZ dollar 0.9727 0.9741 0.7514 0.7519 Sterling pound 2.0405 2.0426 1.5763155 words
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Article82 2010-10-27 31 Oct 25 COCOA (£/tonne) Close Prev High/Low Dec 10 1963 1925 1964/1931 Mar 11 1993 1948 1993/1957 May 11 2007 1961 2004/1972 Jul 11 2020 1976 2018/2002 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1835 1804 1849/1819 Jan 11 1863 1826 1870/1839 Mar 11 1844 1813 1852/1829 May 1182 words
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5673 2010-10-27 32 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.5,673 words
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Advertisement6 2010-10-27 32 Shipping lines seeking reliable logistics partners6 words
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Advertisement23 2010-10-27 32 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES23 words
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Advertisement28 2010-10-27 33 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132728 words
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Page 34 Advertisements
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Advertisement576 2010-10-27 34 CitiFX Pro How strong is your FX trading pulse? Singapore exclusive Todd Elmer's first and only Institutional FX outlook seminar this year Limited seats available. Register now to avoid disappointment. V* CitiFX Pro on +65 6328 2854 ISI sg-enquiries@citifxpro.com www.citifxpro.com/asia/ fxhealthcheck "Existing Citigold customers may submit questions in advance for576 words
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executive Money
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Article, Illustration989 2010-10-27 34 However, what is considered good for the environment is a matter of debate NYT [NEW YORK] GREEN investing has been getting a boost lately through a combination of increasing attention to climate change and low returns from traditional investments. In the past, any investment thatNYT; REUTERS - 989 words
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Article, Illustration1008 2010-10-27 35 JOHN F WASIK - More than 40 ways are available to wager on the direction of currencies in the US$4t global currency market By JOHN F WASIK NYT WHILE the longterm outlook for the US dollar seems to be dismal these days, what about other currencies? And if youNYT; AFP - 1,008 words
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Article887 2010-10-27 35 JOHN DORFMAN - Prices are rising as more people turn to the precious metal By JOHN DORFMAN John Dorfman, chairman of Thunderstorm Capital in Boston, is a columnist for Bloomberg News. The opinions expressed are his own. His firm or clients may own or trade securities discussed in this887 words
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Article, Illustration855 2010-10-27 23 OOI BOON JIN - The concept of joint audits on globally active high net worth individuals was recently mooted by the OECD MONEY MATTERS OOI BOON JIN This article was contributed by Ooi Boon Jin, partner and head of international executive services at KPMG in Singapore. The views expressed855 words
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Article, Illustration1274 2010-10-27 23 Bloomberg [LONDON] The lowest-rated junk bonds are the most expensive corporate debt following a Federal Re-serve-induced rally in high-risk assets, adding to concern fixed-income securities are overvalued. The extra yield investors demand to hold global bonds rated CCC or lower instead of government debt isBloomberg; STOCK.XCHNG - 1,274 words
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Article, Illustration803 2010-10-27 24 GENEVIEVE CUA - Barclays Wealth believes the 2008 financial crisis is helping to reshape attitudes to retirement, reports GENEVIEVE CUA GENEVIEVE CUA YOU may think that retirement is a relatively easy goal among the wealthy but even so, a survey of wealthy individuals has found most rejecting traditional retirement,803 words
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551 2010-10-27 24 NYT [NEW YORK] At a time when savers complain that they are earning almost no interest from their bank accounts, some investors on Monday bought US government bonds that effectively had negative interest. Bizarre as it sounds, that is correct. In an auctionNYT - 551 words
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Advertisement89 2010-10-27 35 MP3 TECHNOLOGY PTE LTD (IN CREDITORS’ VOLUNTARY WINDING UP) RC No.: *****1332D NOTICE IS HEREBY GIVEN that the Final Meeting of the members of the above-mentioned company will be held at No. 20 Mactaggart Road #07-02 Singapore *****9 on 27 November 2010 at 10 a.m. for the purposes stated in89 words
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Advertisement141 2010-10-27 35 SATS congratulates Airphil Express on its inaugural flight to Singapore 27 October 2010 rph 'hx 1 airphilexpre Daily MNL-SIN-MNL flights from 27 October 2010: MNL-SIN 2P800 Arrives SIN at 2005hrs SIN MNL 2P 801 Departs SIN at 2055hrs Daily CEB-SIN-CEB flights starting 1 December 2010: CEB SIN 2P 796 Arrives141 words
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Advertisement506 2010-10-27 36 There's an easier way your portfolio. Q C c I 9 rnw TL c ■v Mm a c I o i i L. r i a i If you wanted to invest in gold, you could look for a place to buy it, hire someone to transport it, and store506 words
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Advertisement144 2010-10-27 23 Artist Impre S^-gv+Arti: Artist Impression Balanced Australian Property Investment First international pre-release Prime Brisbane location within 2km of the CBD and overlooking Victoria Park Golf course and city views. Direct access to the Queensland University of Technology and several elite private schools. 1, 2 3 bedroom apartments from just $298,000144 words
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Advertisement242 2010-10-27 23 Deal with FX Aggressor Deal on Phillip FXTrader High speed trading As low as 0 spread across various currency pairs Huge liquidity up to 10 leve of market depth Direct market access to multi-bank liquidity Advanced features designed for professional traders Phillip FX Trader is a high frequency trading platform242 words
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Advertisement102 2010-10-27 24 Natural Resources Funds There are many natural resources funds, but only one with the right signature. With so many funds on the market, how do you narrow the field? Simply look for funds bearing a signature you can trust J.P. Morgan. Talk to your investment advisor about natural resources funds102 words
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