The Business Times, 22 August 2011

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Total Pages: 31
1 32 The Business Times
  • 23 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 Monday, August 22,
    23 words
  • 610 1  -  By JOYCE HOOI [SINGAPORE] Singapore is too small to afford political paralysis, Prime Minister Lee Hsien Loong warned yesterday. “We are too small to be able to afford impasse and gridlock, to have two sides blocking one another so you can’t move, you
    ALPHONSUS CHERN/THE STRAITS TIMES  -  610 words
  • 1190 1  -  They cite shortage of professional staff, unwillingness of Singaporeans to take up certain jobs By TEH SHI NING [SINGAPORE] Construction and logistics firms, restaurants and retailers all hit by successive rounds of measures aimed at tightening the flow of foreign workers into
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  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,733.63 -116.96 KL COMP 1,483.98 +0.31 NIKKEI 225 8,719.24 -244.48 HANG SENG 19,399.92 -220.09 SET INDEX 1,069.20 +7.13 JAKARTA COMP 3,842.75 -47.78
    158 words
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  • TOP STORIES
    • 877 2  -  US likely to skirt recession but lack of action from Europe worrisome: analysts WALL STREET INSIGHT By ROB CURRAN TRADERS of US stocks are looking to Jackson Hole and to Berlin this week for salvation from a European financial crisis that
      877 words
    • 754 2 AFP [TRIPOLI] Libyan rebels snuck into Tripoli by sea yesterday to launch the first salvos in the fight for the capital, as opposition forces surged to join them in a final push to topple Muammar Gaddafi’s shaky regime. A regime spokesman
      AFP; AP  -  754 words
    • 632 2 Some sectors hope for easier employment pass rules CONSTRUCTION and logistics firms, restaurants and retailers all hit by successive rounds of measures aimed at tightening the flow of foreign workers into Singapore are hoping policymakers can make allowances for industry realities. Giving companies time to adjust makes little
      632 words
    • 513 2 He also urges lawmakers to help stimulate economy Bloomberg [MARTHA’S VINEYARD, Massachusetts] President Barack Obama called on US lawmakers to put aside partisan differences and work to find common ground to reduce unemployment and stimulate the nation’s economy. In his weekly radio and
      Bloomberg  -  513 words
    • 797 4  -  Even more worrying is prospect of eurozone’s breakup, says chief economist By ANNA TEO [SINGAPORE] With the global outlook mired in a vicious circle of weakening confidence and low output, the Economist Intelligence Unit (EIU) now sees a higher chance of at least 40
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    • 526 4 EMPLOYMENT PASS CHANGES Alex Tay Regional director, Dairy Farm South Asia “There are not enough Singaporean pharmacists to fill the job openings at private pharmacies, private hospitals and pharmaceutical companies. As such, the industry has had to turn to recruiting foreign pharmacists for many years.
      526 words
  • Page 2 Advertisements
    • 73 2 PINE HEALTH 2010 Back Pain and Neck Pain Relief Speaker: DR PREM PILLAY Director of Spine and Pain Services Neuro Spine and Pain Center Singapore VENUE: X /2ND FLOOR MT ELIZABETH\ MEDICAL CENTER, SEMINAR ROOM 1 TIME AUG 26TH, 6.30-8.00 PM RSVP: clinicsg@yahoo.com; TEL: 6835 4325 WEB: www.spine-neuro.org REG FEE:
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    • 105 2 LUXURY TOURS TRAVEL PTE LTD The Leading Operator i'A Established 1985 > > Y^M "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at
      105 words

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  • Page 4 Advertisements
    • 300 4 JPMorgan Global Dynamic Fund J We believe human behaviour creates unique investment opportunities. Many investors make emotionally influenced decisions that can cause market irregularities. Using behavioural finance investing, the JPMorgan Global Dynamic Fund seeks to capitalise on opportunities arising from these irregularities by selecting both fast-growing and inexpensive stocks. Go
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  • COMPANY NEWS
    • 1343 5  -  Strengthening yuan and rising inflationary pressures cited for poor performance By MICHELLE TAN IT seems that market scepticism shrouding S-chips have somewhat rubbed off on their results for the quarter ended June 30, with most of the companies going “under water” this season being Chinese
      1,343 words
    • 355 5  -  By JOYCE JOYCE HOOI AS part of an ongoing debt restructuring effort, new shares in Advance SCT (ASCT) will be issued to a pair of new creditors, the company announced on Saturday. Two of ASCT’s original creditors Jones Lang Lasalle
      355 words
    • 761 5 Group CEO of ECS, Mr Narong Intanate, shares on the importance of staying ahead of competition. A SPECIAL SERIES BROUGHTTO YOU BY SHAREINVESTOR 1)ExplaintheroleofECSintheICTvaluechain. As one of the leading Info Communications Technology (“ICT”) solutions provider in the region, we
      761 words
    • 973 7  -  Ongoing spat with LTC means the issues in question remain unresolved CORPORATE FOCUS By KELLY TAY MAINBOARD-LISTED Darco Water Technologies Ltd may have once been a hot stock to hold, but it seems as though its waters have since gone murky and its
      973 words
    • 195 7 COMPANY MEETING PLACE DATE TIME Novo Grp A RELC International Hotel Room 601, Level 6 30 Orange Grove Road, Singapore *****2 22-Aug 9.30am Khong Guan Flour A 2 Mac Taggart Road (Level 3) Singapore *****8 26-Aug 12.00pm Sapphire Corp E 123 Genting Lane #07-01 Yenom Industrial Building Singapore
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    • 403 7 Aug 19 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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  • Page 5 Advertisements
    • 144 5 Are You Supplying Air-Conditioners and Refrigerators? Minimum Energy Performance Standards for Household Air-Conditioners and Refrigerators will take effect from 1 September 2011 Currently, all importers and manufacturers who supply registrable household air-conditioners and refrigerators in Singapore must register themselves with the National Environment Agency (NEA). Registered suppliers must also register
      144 words

  • SINGAPORE MARKETS
    • 488 6 CURRENCIES Bloomberg [NEW YORK] The yen reached a post-World War II high versus the dollar, gaining for a second week and spurring speculation that the Bank of Japan will move to weaken the currency as concern that global growth is faltering
      Bloomberg  -  488 words
    • 570 6  -  COMMODITIES By ANDY JAMES The writer is trading manager, ferrous derivatives, at Cargill Singapore FOR decades the iron ore industry was considered a slow moving business whose fortunes were tied to those of the low growth steel industry. This all changed in the
      570 words
    • 1551 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Cap Ind 2.00 2.00 2 2.00 10.00 0.27 0.20 Amtek Engg 2.00 2.00 4 0.09 5.26 1.42 0.58 ARA Asset Mgt 1.83 2.00 6 8.57
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    • 666 6  -  STOCKS VEN SREENIVASAN Senior Correspondent IT CAN be tough writing a market report when there is a massive information overload. And this is a dilemma I faced as I ponder how to explain what has been happening on global markets and where
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    • 4 6 WEEKLY
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    • 63 6 Aug 19 VALUE CLOSE BT OB/OS -1821.00-238.00 BT CADI -*****.00-383.00 BT 10-day MA -*****.00-182.00 FTSE ST Mid Cap 632.87 -20.32 FTSE ST Small Cap 425.26 -13.98 FTSE ST All Share 661.98 -21.96 FTSE ST China Top 198.39 -9.35 FTSE ST China 232.22 -10.53 FTSE ST Catalist 804.90
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    • 59 6 VOLUME Genting SP 554,445,000 Golden Agri 488,354,000 Sheng Siong 216,463,000 HSI*****MBeCW*****9 184,104,000 Noble Grp 179,561,000 Cosco Corp 152,861,000 Yangzijiang 150,872,000 SingTel 132,395,000 HPH Trust US$ 130,692,000 EuNetworks 122,228,000 VALUE($) Genting SP 904,708,669 Keppel Corp 437,816,928 DBS Grp 404,857,127 SingTel 392,561,582 OCBC Bk 338,672,353 Golden Agri 317,891,498 UOB
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    • 113 6 BY CENTS CLOSE UP GLD 10US$ *****1296.1 6.2 DBXT iBoxxSing 5SG$ ***** 194.0 1.5 DBXT S&P Short 10US$ 4827 186.7 3.3 UOB 5.05%NCPS 100 ***** 160.0 1.5 DBXT FTVietnam 10US$ 2527 139.4 4.8 Lyxor AsiaCS 10US$ 5321 120.0 1.9 DBXT DBLCI-OY 5US$ 4186 114.0 2.3 Hyflux 6% CPS 10
      113 words
    • 120 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-854.7 -6.2 IS S&P500 *****-461.9 -3.2 IS DJ US Tech 5695-415.9 -5.7 DBXT MSKorea 10US$ 4929-352.8 -5.6 JMH 4907-270.4 -4.3 DBXT MSEurope 10US$ 3938-190.3 -3.8 DBXT DBCBDJUBS 10US$ 3721-141.9 -3.0 DBXT MSTaiwan 10US$ 1653-128.5 -6.0 DBXT MSAsExJp 10US$ 2883-127.3 -3.5 Lyxor MS
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    • 5 6 WEEKLY
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    • 146 8 AUG 19 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Synear Food 0.142 19.4 4,260 Top Global 0.007 1.4 3,500 Ellipsiz 0.096 1.1 9,600 Advance SCT 0.022 0.0 1,826 Annica 0.016 0.0 2,656 China Oilfield Tech 0.035 0.0 2,485 JEL 0.008 0.0 2,000 Jiutian Chemical 0.029 0.0 2,610 Novo
      146 words
    • 169 8 AUG 19 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Del Monte Pacific 0.455 13.8 4,550 Best World 0.152 4.8 3,040 CSE Global 0.940 2.2 6,580 The Hour Glass 1.065 1.9 9,585 Bukit Sembawang 3.910 0.5 3,910 ASL Marine 0.485 0.0 4,365 Biosensors 1.255 -0.4 25,100 AIMS AMP I
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    • 425 8  -  TEH HOOI LING Senior Correspondent THE relatively high cash holdings helped some of our portfolios weather the wave of selling which hit the market again last Friday. On average, our portfolios shed 3.3 per cent. That’s better than the 4.1 per cent decline chalked
      425 words
    • 152 8 sentiment AUG 19 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Del Monte 0.455 13.8 4,550 China XLX 0.270 3.8 4,590 Dairy Farm 9.723 2.1 9,723 Parkway Life Reit 1.820 0.6 9,100 Kingboard Copper Foil 0.210 0.0 5,250 People's Food 0.735 0.0 8,085 Chemoil Energy 0.327 -0.3
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    • 171 8 AUG 19 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE MFS Technology Ltd 0.075 47.1 2,025 Nera Telecoms 0.340 0.0 7,480 Silverlake Axis 0.345 0.0 11,385 Transpac Indl 1.630 -0.9 4,890 China Merchants (Pacific) 0.515 -1.0 5,665 Poh Tiong Choon Logistic 0.385 -1.3 11,165 Courage Marine 0.103 -1.9 3,296
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    • 160 8 AUG 19 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Fishery 1.150 4.5 10,350 Ho Bee 1.320 0.4 14,520 ASL Marine 0.485 0.0 4,365 Kingboard Copper Foil 0.210 0.0 5,250 Low Keng Huat 0.350 0.0 11,550 Hupsteel 0.182 -1.6 5,642 China Sky 0.091 -2.2 1,547 SC Global 1.170
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    • 170 8 AUG 19 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE SanTeh 0.380 7.0 5,700 Kingboard Copper Foil 0.210 0.0 5,250 Rickmers Maritime 0.330 0.0 3,300 Singapore Land 6.390 -0.6 12,780 Golden Agri-Resources 0.630 -0.8 17,640 China Merchants (Pacific) 0.515 -1.0 5,665 China Sky 0.091 -2.2 1,547 Anwell Tech 0.300
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    • 1559 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE continued weakness in the market prompted another round of heavy buying by directors with a whopping 50 companies recording 104 purchases worth $50 million,
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  • Page 7 Advertisements
    • 126 7 LET'S GO FURTHER ON ONE LITRE OF FUEL. k 3E f w& Vii VS. LET'S GO. We must learn to use energy more efficiently. For over 25 years, the Shell Eco-marathon has supported teams worldwide who explore ways to maximise fuel economy. On July 9th, 93 teams from 12 countries
      126 words


  • SINGAPORE NEWS
    • 533 9  -  PRESIDENTIAL ELECTIONS He stresses the importance of S’poreans learning to live with foreigners By LEE U-WEN PORING over the many options available to them at the Muslim food stall, Tony Tan and his wife Mary chose their favourite dishes along with
      NEO XIAOBIN/THE STRAITS TIMES  -  533 words
    • 574 9  -  He says this sum is similar to what he was earning in banks, investment houses By LEE U-WEN PRESIDENTIAL candidate Tan Jee Say has shed further light on why he thinks an annual salary of half-a-million dollars is enough, if he
      CAROLINE CHIA/THE STRAITS TIMES  -  574 words
    • 1566 9 Payment Ex Books Pay Ann (cts) date close date date Adampak Ltd aw 1.000 06-Sep 08-Sep 23-Sep 12-Aug Adv Integrated Mft aw 0.180 31-Aug 02-Sep 19-Sep 29-Jul AIMS Amp Cap Ind Reit ag 0.530 02-Aug 04-Aug 14-Sep 27-Jul ARA Asset Mgt aw 2.300 22-Aug 24-Aug 08-Sep 10-Aug Ascendasreit
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  • Page 9 Advertisements
    • 243 9 (I V I a FX Traders You'll be in good company > Best Speed of Execution Best Research and Analytics Best Effective Risk Management and Execution Strategies Best Integrated Workflow and Compliance Solutions Best Improved Overall Best Improved Overall Market Share by Volume Market Share by Volume ($5bn $10bn) ($10bn
      243 words

  • VIEWS FROM THE TOP
    • 3534 10 THIS WEEK’S TOPIC What in your view were the key messages from the Prime Minister’s National Day Rally speech? What did he say that connected most with you personally and as a business leader? Edmund Leow Principal Baker McKenzie.Wong Leow, Singapore TO ME, the speech confirms that
      THE STRAITS TIMES FILE PHOTO  -  3,534 words

  • Page 11 Advertisements
    • 324 11 Lenovo 0 recommends Windows® 7 Professional. S3 Windows'7 rcf FOR THOSE tm WHO DO. ENHANCED*) f) EXPERIENCE LUJ FASTER AND OPTIMISED FOR BUSINESS. A THIN LINE DIVIDES 'jk FROM THOSE WHO DON'T, li f i LWhl I "l i. i-aflt I I I II I II' mill r '-II*. I
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1266 12  -  Giving expert tips, a consultant and a professor tell TEH SHI NING what novice investors should look for while trying their luck in wines TEH SHI NING WINE may have lost some of its allure as an investment option here in recent years due to alleged
      1,266 words
    • 1014 12  -  Undergraduate believes in taking risks when young. By MICHELLE YEO CAMPUS LIFE By MICHELLE YEO RISKY decisions are best attempted when young, according to 22-year-old Poh Jin Hui. The second year business undergraduate from the National University of Singapore believes it is better for younger
      ARTHUR LEE  -  1,014 words
    • 300 12 ASK DR INVEST Q: I am very risk-averse. I am in my 20s, but I would like to be a conservative investor. Are there capital guaranteed investment products or similar products in the market? A: There are a variety of low-vola-tility, capital guaranteed instruments being offered
      300 words
  • Page 12 Advertisements
    • 321 12 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock-market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple iPod
      321 words

  • ECONOMY WATCH
    • 654 13 Standards eroding as EU officials rewrite regulations and US rulemaking stalls Bloomberg [NEW YORK] Capital standards designed to fortify the global financial system are eroding as European officials, beset by a debt crisis, rewrite the regulations and US rulemaking stalls. The 27
      Bloomberg  -  654 words
    • 746 13 Experts warn that collateral dispute may derail approval of Athens’ rescue package AFP [HELSINKI] A debate over which eurozone countries can demand collateral from Greece in exchange for loan guarantees threatens to derail the quick approval of Athens’ second bailout programme, experts warn. “Finland has
      AFP  -  746 words
    • 507 13 AFP [REYKJAVIK] Iceland, all but devastated by the 2008 global financial crisis, cannot escape the growing storm which has savaged markets in recent weeks but it has done enough since then to at least weather the worst. “Right now it seems unlikely
      AFP  -  507 words
  • Page 13 Advertisements
    • 261 13 People Strategies for Asia Capitalising on Asia’s Growth Engines Resorts World Sentosa, Singapore, 28 29 September 2011 Discover emerging human capital trends that facilitate growth and success for businesses in Asia. Join Asia’s premier people and leadership conference today! The Singapore Human Capital Summit 2011 programme highlights include: Strengthening Leadership
      261 words

  • MALAYSIA/INDONESIA
    • 759 14 But economy and demand outlook will play a bigger role in the market Reuters [JAKARTA] The latest government crackdown on the Indonesian tin industry will dampen some production and support benchmark prices, but the uncertain economic and demand outlook will play a bigger role
      Reuters; BLOOMBERG  -  759 words
    • 585 14  -  Racial, religious problems adding to country’s economic woes MALAYSIA INSIGHT PAULINE NG KL Correspondent GLOBAL stock-market gyrations are unnerving governments around the world. As with other markets, Malaysia saw billions of ringgit erased from its stock market last week. The volatile swings must be
      585 words
    • 613 14 12 St James’s Square is its fourth investment in a year [PETALING JAYA] The Employees’ Provident Fund (EPF) has confirmed that it has purchased an office block in St James’s Square, London, where one tenant pays one of the city’s highest rents. The EPF
      613 words
  • Page 14 Advertisements
    • 1522 14 BUY IT• SELL IT• FIND IT MATS "VTTf^TS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LEHMAN BROTHERS FINANCE ASIA PTE. LTD. (In Creditors' Voluntary Liquidation) (Company Reg. No. *****5686W) NOTICE TO UNSECURED CREDITORS OF INTENTION TO DECLARE
      1,522 words
    • 167 14 In the matter of the Companies Act, Cap.50 And In the Matter of COMFORT RESOURCES PTE LTD (In Compulsory Liquidation) (Company Registration No. *****3122N) (Under the Order for winding up of the Company dated 20 August 2010 in CWU No. 118 of 2010/J) NOTICE IS HEREBY GIVEN that the creditors
      167 words
    • 12 14 Amidmarket volatility whither S-chips? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      12 words

  • GREATER CHINA/INDIA
    • 395 15 Reuters [NEW DELHI] India needs to take “difficult” decisions to achieve 9 per cent economic growth, but a lack of national consensus is making it tough to push through economic reforms, Prime Minister Manmohan Singh said on Saturday. Mr Singh, who as a finance
      Reuters  -  395 words
    • 618 15 Support for activist grows as his hunger strike enters 6th day Reuters [NEW DELHI] Supporters of an anti-graft activist whose hunger strike campaign has galvanised millions of Indians appeared to reach out to the country’s embattled government yesterday after coming under
      Reuters; AP  -  618 words
    • 647 15 He says US still the single best bet in the world, in terms of where to invest Reuters [CHENGDU, China] US Vice-President Joe Biden rejected views that American power is waning and said that Washington would never default, wrapping up a China
      Reuters  -  647 words
  • Page 15 Advertisements
    • 168 15 YEW CHOON Yew Choon is synonymous with pioneering onshore (land) and offshore (marine) heavy lifts transport, having carried out operations all over S.E. Asia for clients in oil and gas exploration, petrochemical, offshore, power generation, civil engineering and marine sectors. We are well known for our reliability. With more than
      168 words

  • Page 16/17 Advertisements
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      124 words

  • WORLD
    • 773 18 Some worry the turmoil on Wall St will spread west to Silicon Valley NYT [MENLO PARK, California] Let the rest of the United States worry about a double-dip recession. Tech land, stretching from San Jose to San Francisco, is in
      NYT  -  773 words
    • 668 18 Reuters [CHICAGO] The overall US economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better. Farmland prices are setting records and farmer incomes have been buoyed by exports and biofuels, easing the pain of some
      Reuters; AFP  -  668 words
    • 436 18 Bloomberg [SYDNEY] Australia will move to establish an independent parliamentary budget office to provide the nation’s federal lawmakers with research and advice on the cost of their policies, mirroring similar bodies in the United States and Canada. The government will introduce
      Bloomberg  -  436 words
    • 1860 18 VOL Aug 19 RM +/-(‘000) A M Realty 0.43 -0.02 15 Abric Bhd 0.30 unch 14 Advance Synerg 0.18 -0.01 864 Adventa Bhd 1.64 -0.01 42 Ae Multi Hldgs 0.23 0.02 127 Affin Holdings 3.10 -0.06 376 Ahmad Zaki Res 0.73 -0.02 484 Aic Corp 1.24 -0.05 78
      1,860 words
  • Page 18 Advertisements
    • 16 18 www.omy.sg J» V SKI CJ we® MV Ml w ghowbiz.omy sg L'UHix < E81T= mtuiu !8?. lifestyle.omy.sg
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    • 62 18 FREEGOODIEBAG with every September issue purchased at PlayTest@COMEX! Enjoy 30% off subscription gifts. PlayTest@COMEX Learn tips and tricks about gadgets and tech at our exclusive seminars. Date: 1-4 Sep 2011 (Thu-Sun) Venue: Suntec Convention, Level 2 Meeting Rooms 208-209 Log on to www.playtest.sg for details of seminar topics and registration.
      62 words

  • ASIA-PACIFIC/WORLD
    • 555 19 Difficult to prove guilt beyond a reasonable doubt, say ex-prosecutors Bloomberg [NEW YORK] Manhattan district attorney (DA) Cyrus Vance Jr will ask a judge to dismiss sexual-assault charges against Dominique Strauss-Kahn because they’d be difficult to prove beyond a reasonable doubt, former prosecutors predict. Strauss-Kahn,
      Bloomberg  -  555 words
    • 345 19 Reuters [DUBLIN] Ireland is to consider a proposal to write off up to six billion euros (S$10.4 billion) worth of mortgage debt in a bid to boost the economy, the country’s housing minister said. A government committee is to consider a proposal
      Reuters; BLOOMBERG  -  345 words
    • 793 19 Reuters [TOKYO] The Bank of Japan will consider easing monetary policy further, possibly at an emergency meeting before next month’s rate review, if further rises in the yen push down Tokyo stock prices enough to hit business sentiment, sources said. The government may also
      Reuters  -  793 words
    • 334 19 [BANGKOK] With his sister barely in office, fugitive former Thai premier Thaksin Shinawatra has launched a high-stakes international charm offensive that analysts say threatens his allies’ hold on power. The one-time billionaire tycoon, toppled in a 2006 coup, has overshadowed the first fortnight of
      AFP  -  334 words
  • Page 19 Advertisements
    • 2050 19 Bringing you the earth’s resources ABTERRA LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3007C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the Company will be held at 7 Temasek Boulevard, #11-05 Suntec Tower 1, Singapore *****7, on Tuesday,
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  • AVIATION/SHIPPING
    • 867 20 With Qantas planning to base new airline here, it’s time to revisit SIA’s right to ply transpacific route COMMENTARY ABOUTsevenyears ago, at the height of the standoff between Singapore Airlines (SIA) pilots and the company over wages, then-minister mentor Lee Kuan Yew remarked that
      AFP  -  867 words
    • 368 20  -  Inclusion allays fears of an international crewing shortage By ALEC ALMAZAN in Manila THE Philippines has, for the third time this decade, made it to the International Maritime Organization (IMO) “White List” of countries that have complied with the revised Standards of Training,
      368 words
    • 646 20 Reuters [LONDON] London’s marine insurance market has not changed its risk assessment of Syria, despite mounting violence and fresh sanctions, although it is monitoring the situation closely, a senior official said. The United States for the first time explicitly called on Thursday for
      Reuters; REUTERS  -  646 words
    • 474 20 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose to its highest level in over 10 weeks on Friday as cargo bookings stayed strong, bolstering sentiment. But brokers said growing world financial turmoil, tighter bank
      Reuters  -  474 words
  • Page 20 Miscellaneous
    • 340 20 CRYPTIC CROSSWORD Across 1 Guinea pig fed it in space (6) 4 US marine tossed about on board (8) 10 A fur almost lost by Asian prince (9) 11 One with cold is after a dry room (5) 12 Type of car difficult to better (7) 13 Anteater cruelly chained
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  • DINING OUT
    • 957 21  -  By Geoffrey Eu NEW RESTAURANT Taratata 35A Keong Saik Road Tel: 6221 4506 www.taratata.sg TARATATA sounds like it ought to be the name of a cool fashion label (it’s not), a type of fancy cake (it isn’t), or a French television show about modern-day rock
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  • Page 21 Advertisements
    • 264 21 Wine, Dine *>$4 V \A IV' '1 y. O I I Ml k .riMOMii^i 'MJYTCT A 4 x j D o E L o Early bird specials up to 15% discount Tel: 6730 3392 T&) Hilton Singapore tV U 4 a STAND TO WIN A PAIR OF AIR TICKETS TO
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  • SINGAPORE STOCKS
    • 8667 22 Week ended: Aug 19 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 12.8 -1 90 13 12 11.5 14.5 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5.2 -0.5 255 5.9
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    • 1736 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 14 t 800 Super 14 -1.6 3958 15.8 14 14 14.1 4.8 25 5.5 3.7 t AA Grp 4 2.7 3.9 19 3.9
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    • 117 23 Stock name Close Change CapMallsAsia 1.140 -0.035 CapitaLand 2.390 -0.110 CapitaMall 1.730 -0.015 CityDev 9.750 -0.280 ComfortDelGro 1.305 DBS Grp 13.510 -0.380 F&N 5.440 -0.130 GLP 1.660 -0.060 Genting SP 1.525 -0.120 Golden Agri 0.635 -0.025 Stock name Close Change HK Land 5.400 -0.300 JMH 49.070
      117 words
    • 2619 23 Transaction date: Aug 19 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.09 -0.01 0 Aeon Stores 18.20 -0.40 4 Angang Steel 6.01 -0.47 ***** Anhui Conch 30.75 -2.65 ***** Anhuiexpresswa 4.65 -0.19 1532 Asia Satellite 16.50 -0.30 3 Asm Pacific 74.05 -2.85 762 Bank Of E Asia 29.30
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    • 247 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd unch 12 40.5 40 37.5 40.5 3.6 8.6 3.2 105.5 55 27.5 Genting HK US$ US30 -4.5 ***** 35 30 29.5 30 1975.4
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 10 0 0 0 0 6 10 0 Manufacturing 44 128 33 13 20 3 57 148 36 Commerce 23 38 13 5 11 3 28 49 16 Tpt/Stor/Comms 12 31 4
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    • 1009 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 126 +6 330 127 120 115 126 575.2 1261 911 CIMBAsean40 100US$ US1019 -10 66 1261 1019 1009 1024 40.8
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    • 125 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 166,600 166,600 614,187 614,187 Manufacturing 1,122,823 59,630 1,182,453 1,053,179 1,592 1,054,771 Commerce 782,868 33,175 816,043 712,331 2,853 715,184 Tpt/Stor/Comms 957,256 10,924 968,180 1,257,788 1,064 1,258,852 Finance 116,071 1,353 117,424 1,172,402 288 1,172,690 Construction 175,403 104,661
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 374 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 19 Index Change Change Change Change Change Change World Index Preliminary 775.6 -0.9 -13.6 -1.3 -16.1 -0.6 -10.9 EAFE Preliminary 653.0 -1.9 -18.5 -2.0 -17.9 -1.3 -12.8 Europe Preliminary 939.8 -1.6
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    • 77 24 CRUDE OIL PRODUCTS Aug 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.66 -3.31 WTI (Near Mth) 81.79 -5.76 Dubai (1-Mth F) 104.52 -0.85 Tapis blend 115.10 -0.90 Minas 111.10 -0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.72 0.55 Jet Kerosene 124.90 -0.20 US$/barrel Opec Oil
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    • 107 24 Aug 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1359.75 1352.00 1366.00 1340.00 Nov 11 1368.50 1361.00 1375.00 1348.50 Jan 12 1378.75 1371.75 1385.50 1359.25 Mar 12 1383.50 1377.00 1390.00 1365.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 55.39
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    • 79 24 Aug 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 17.11.2011 0.11 1-Year BY*****X 02.05.2012 0.14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.95 104.00 103.95 5-Year N*****0W 1.125 01.04.2016 102.86 10-Year NX*****X
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    • 474 24 Aug 19 Aug OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5900 0 2887 Dec11 99.4550 0 4905 Mar12 99.4950 0 1243 Jun12 99.5400 0 342 EUROYEN TIBOR FUTURES Sep11 99.6850 99.6850 99.6825 99.6825 26 1229 Dec11 99.7050 99.7100 99.7050 99.7050 696 1675 Mar12 99.7125 300
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    • 175 24 Aug 20 Aug RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 460.0 457.0 459.0 13 315 Oct 11 461.1 458.0 461.1 34 370 Nov 11 459.5 459.5 459.7 2 374 Dec 11 464.4 459.9 460.2 19 498
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    • 97 24 As on 19Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Oct-11 1878.50 1832.00 1850.90 1820 Silver Sep-11 42.505 41.075 42.140 40.695 CURRENCY US Dollar-Jap Yen Sep-11 76.57 76.30 76.30 76.51 Euro-US
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    • 121 24 As at 9am Aug 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.298 1.225 Can dollar 1.25 1.202 Euro 1.772 1.704 Sterling pound 2.041 1.963 NZ dollar 1.023 0.975 US dollar 1.232 1.185 Local dollars to 100 units of foreign
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    • 28 24 Aug 19 Sett Open High Sett STI Aug 2733 SIMSCI Aug 323.3 323.5 314.3 Taiwan Aug 264.3 264.7 253.1 Source: MF Global (S) Pte Ltd
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    • 2598 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 43 4.88 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Aztech Grp W*****3 0.5 1 20 103
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    • 154 24 Aug 19 $S Offer Bid 0vernight 0.03 par 1-month 3/16 1/16 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.12 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
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    • 463 24 Aug 19 Aug A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.024 6.617 0.724 8.070 47.328 88.496 0.791 11.249 3.088 1.259 89.872 44.116 1.255 7.482 0.817 30.071 30.885 0.628 1.035 Canada 0.977
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    • 85 24 Aug 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
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    • 155 24 Aug 19 Aug Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2541 1.2554 1.0344 1.0346 Canadian dollar 1.2245 1.2262 1.0100 1.0105 Euro 1.7324 1.7343 1.4289 1.4293 NZ dollar 0.9957 0.9969 0.8213 0.8216 Sterling pound 1.9986 2.0005 1.6485
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    • 22 24 Aug 19 S$ Bid Offer 1-month 1.2121 1.2134 2-months 1.2117 1.2131 3-months 1.2115 1.2130 6-months 1.2069 1.2099 Source: OCBC
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    • 137 24 GOLD (US$/oz) Aug 18 Aug 19 Hong Kong 1795.00 1864.70 Aug 19 Aug 18 London 1852.70 1822.79 1853.70 1823.80 Source: Thomson Reuters CAST BAR Aug 19 (S$) Selling Buying Kilobar 76,695.46 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 72 5gm 488 358 10gm 871 716 20gm
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    • 69 24 Aug 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2320.50 2303.25 3 months 2355.00 2338.00 Copper, Grade A (US$/tonne) Cash 8804.50 8750.50 3 months 8825.00 8770.00 Lead (US$/tonne) Cash 2306.50 2307.50 3 months 2302.00 2301.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 67 24 Aug 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3134 3115 3143 3117 531 6180 Oct 11 3050 3035 3064 3035 1812 ***** Nov 11 3003 3003 3023 2990 9358 ***** Dec 11 3011 2987
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    • 82 24 Aug 19 COCOA (£/tonne) Close Prev High/Low Sep 11 1871 1874 1883/1863 Dec 11 1889 1888 1901/1879 Mar 12 1908 unch 1919/1900 May 12 1917 1918 1925/1911 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2270 2275 2318/2256 Nov 11 2300 2305 2349/2288 Jan 12 2318 2322 2365/2317 Mar 12
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  • 5154 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
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  • Page 25 Advertisements
    • 43 25 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? KLINE BSA Malaysia Ben Line Agencies (Malaysia) Sdn Bhd Tel: 03-7955 2233 Fax: 03-7958 5233 Email: rickmers-malaysia@benline.com.my To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 838 27  -  The ICT services provider is using its global reach to lure customers, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY AN INCREASED demand for cloud hosting services is driving businesses in Singapore and the region, according to ICT services provider T-Systems. Uwe Schlager, Singapore
      838 words
    • 322 27 Bloomberg [SAN FRANCISCO] Jive Software Inc, planning to sell shares to the public as soon as this year, is wagering that it can outpace Salesforce.com Inc and Lithium Technologies Inc in luring companies to set up social networks. Jive chose Morgan Stanley, Goldman
      Bloomberg  -  322 words
    • BizIT FOCUS: TECHNOLOGY CHALLENGE
      • 2959 28  -  New technologies like cloud computing present both challenges and unprecedented opportunities for SMBs Moderator: Amit Roy Choudhury Technology Editor A COMBINATION of factors, including, among others, globalisation and competitive pressures, is forcing companies, particularly small and medium-sized businesses (SMBs), to go up the technology spiral rapidly.
        2,959 words
    • 1339 30  -  With HP pondering whether to sell its PC division and taking a step back from mobile devices, the operating system could be attractive for hardware-only device makers <we say> AMIT ROY CHOUDHURY Technology Editor LAST week was probably one of the most
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    • 548 30 Reuters [NEW YORK] The sudden demise of Hewlett-Packard Co’s webOS TouchPad after just seven weeks on shelves was a reminder of how tech giants have failed so far to take a bite out of Apple Inc’s iPad. The TouchPad joins Dell
      Reuters; AFP  -  548 words
    • 846 31  -  Cloud computing may finally allow unified communications to come of age <you say> By STEPHEN YEO The writer is BT Global Services’ CEO for South-east Asia THE IT industry is prone to getting enthusiastic about emerging technologies. In many cases, this has the positive
      846 words
    • 340 31  -  By AMIT ROY CHOUDHURY ASIA-PACIFIC mobile phone shipments will hit 836 million in 2016, driven by growth in mobile users in the emerging markets and the proliferation of broadband enabled handsets, according to telecoms analyst firm Ovum. In a new forecast, Ovum
      AP  -  340 words
  • Page 27 Advertisements
    • 55 27 <we say> webOS: An orphan in search of a parent? PG 30 S; IS V I Be Vigilant. Be Resilient. Be United Against Terrorism. KSSK IRTTTFIWATI, mm ijffc ;:=V;T .5 R- > I FJJIIIH vft 4 IJ'I R88 ffiJffl MIP#® -'0. :'-<VCA !HT*RKR $3$ ST HI Be as One. R<*L
      55 words


  • Page 29 Advertisements
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  • Page 30 Advertisements
    • 32 30 2010EDITION A collection from The Business Times The diverseexperiences ofsome of the mostinfluential thinkers,corporate chiefs andsocial activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores
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  • Page 31 Advertisements
    • 70 31 ISSUE FOUR e? fe- WB.M'. «t» 0 1 I < i-Y-'i. "j -ii i'7 J 4 v.. PATEK PHILIPPE WATCH COLLECTOR'S JOURNAL 1 V Comes With Your Personal Watch Collector'sJournal GET I T NOW Available At All Leading Bookstores sPHmagazines 1 JSfflfc M 'V'V> jtf .4 A M. i >.
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  • Page 32 Advertisements
    • 208 32 Sony recommends Windows® 7. make, believe lintel) inside is CORE 7 SONY For the world's chosen. The new VAIO Z Series redefines ultimate mobility and performance in extreme dimensions: 16.65mm X 1.165kg. With its 13-second boot up*, its 2 nd generation Intel® Core™ i7 Processor kicks in immediately with a
      208 words