The Business Times, 11 October 2011

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Microfilm: NL31669
Total Pages: 35
1 36 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, October 11,
    23 words
  • Article, Illustration
    Lock icon Maxis tycoon dragged into Indian telco case
    577 1  -  Minister accused of favouring Ananda Krishnan in takeover By S JAYASANKARAN in Kuala Lumpur INDIA’S Central Bureau of Investigation is investigating a claim which could potentially result in criminal conspiracy charges being filed against Malaysian tycoon T Ananda Krishnan, his executive Ralph Marshall
    BLOOMBERG  -  577 words
  • Article
    Lock icon Jade fiasco gives point to takeover code tune-up
    650 1  -  Latest SIC update follows discussions with investment bankers, M&A lawyers By SIOW LI SEN [SINGAPORE] The Securities Industry Council (SIC) is reviewing the Singapore Code on Take-overs and Mergers to improve disclosure and prevent a repeat of the Jade Technologies scandal that
    650 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 GST INDEX 2,668.30 (+28.00) GST INDEX FUTURES 2,666.00 (+28.00) GSIMSCI 306.12 (+4.27) GSIMSCI FUTURES 305.90 (+4.80) FOREX US$ S$ US$ (S$ per US$) 1.285 (US$/S$ per 1.562 2.006 EURO (US$/S$/E) 1.354 1.739 Foreign currency per US$ S$ YEN 76.70 59.70 RM 3.126 2.433 HK$ 7.782 6.059 BAHT 30.87
    141 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      276 1 SME Inc De’Quek rides on green wave PAGE 12 S’PORE ECONOMY Challenges abound but 3-5% growth possible: President PAGE 2 COMPANIES Ernst Young quits as Sky China Petroleum auditors PAGE 5 PROPERTY Robinsons to take over Borders space? I PAGE 34 Caution prevails in industrial property sector I PAGE 34
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      13 1 ENTERPRISE 50 Riding the trends puts Jay Gee ahead PAGE 14 *****1 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Challenges abound but 3-5% growth possible: President
      676 2  -  Singapore has strong foundations that will weather coming storm By CHUANG PECK MING [SINGAPORE] It’s going to be tougher for Singapore to scale new economic heights, but it can still grow 3-5 per cent enough to achieve a better life for all Singaporeans,
      KEVIN LIM/THE STRAITS TIMES  -  676 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      565 2 Jade fiasco gives edge to takeover code tune-up THE Securities Industry Council is reviewing the Takeover Code to improve disclosure in order to protect minority shareholders and prevent a repeat of the Jade Technologies scandal which left minorities in the lurch when the takeover failed. One of the
      565 words
    • Article, Illustration
      Lock icon Eurozone summons up the political will, bails out 2 banks
      869 4  -  Dexia and Greece’s Proton rescued, govts pledge to recapitalise others B y NEIL BEHRMANN in London EUROPE seems to be entering its season of rescues with two banks bailed out yesterday and leaders promising to recapitalise others. In fact, German
      BLOOMBERG  -  869 words
    • Article
      Lock icon China buys bank shares in bid to prop up market
      562 4 Reuters [BEIJING] A unit of China’s sovereign wealth fund started to buy more shares in the country’s big banks yesterday, in the clearest sign yet that Beijing is looking to support the country’s struggling stock markets. China’s benchmark Shanghai Composite
      Reuters  -  562 words
    • Article
      Lock icon Tuas Power draws out final phase of $2b project
      591 4  -  By RONNIE LIM [SINGAPORE] As caution creeps in on petrochemi-cal-focused Jurong Island, Tuas Power (TP) has decided to split the final expansion phase of its S$2 billion complex which it has just embarked on into two parts. The genco last week
      591 words
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      115 2 m ss N 5? £L B V LGA R I > N <>> Gerald Genta B V LO A R I o <2 o r sm& xN ss o G v A R co o 22S C Z&M<17</9 <P/ o o <2? <>> i»v:v 'N v--> <o ro R CD
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      89 3 All prepared to welcome YOU thank you for supporting us rf. K, TTG Best Mid-range Hotel, Asia Pacific Furama RiverFront, Singapore V w. Sf M ii A n 2009, 2010 2011 m a ft im *r I M ft ft |/^£> t f "v'W ->£* An Award Winning Brand FURAMA
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  • Page 4 Advertisements
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      229 4 Making Products Come To Life. The process behind creating products that sell Product Design Development Management A 5-day Professional Programme from The University of Warwick 18-23 November, 9am 6pm, SIM Headquarters Product Design and Development is key to renewal and regeneration of an industry. It also promotes long-term competitiveness and
      229 words
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  • COMPANY NEWS
    • Article
      Lock icon E&Y quits as Sky China Petroleum’s auditors
      587 5  -  Unauthorised cash transfer by SinoTech chief sets off string of resignations By LYNETTE KHOO AN unauthorised cash transfer at Nasdaq-listed China company SinoTech Energy has set off a string of resignations including one in Singapore. Singapore-listed Sky China Petroleum yesterday said that Ernst
      587 words
    • Article
      Lock icon Redevelopment may lower CK Tang revalued NTA
      506 5  -  IFA views capital reduction exercise to be fair By JAMIE LEE A REDEVELOPMENT of CK Tang’s department store and the Marriott Hotel into a hotel-cum-commercial building would yield a market value of $350 million for the department store site $10 million less than
      506 words
    • Article
      Lock icon System shortcomings for SGX to fix
      653 5  -  HOCK LOCK SIEW By R SIVANITHY THE Singapore Exchange (SGX) has spent a large amount of money upgrading its computer trading system in the past year, adding new features while enhancing trading speed. More, however, can be done. Based on feedback from dealers and
      653 words
    • COMPANY BRIEFS
      • Article
        Lock icon ST Telemedia unit to buy NxGen for $11.3m
        50 5 TELECHOICE International, a unit of Singapore Technologies Telemedia, has entered into a conditional agreement to buy regional infocomm services provider NxGen Communications for $11.3 million. For the fiscal year 2010, NxGen earned $1.34 million in net profit, on revenue of $18 million.
        50 words
      • Article
        Lock icon Ryobi Kiso bags Vietnam piling deal
        55 5 RYOBI Kiso Holdings’ unit Raffles Piling Vietnam Co and its joint-venture partner have secured a 51.2 billion dong (S$3.2 million) piling contract to provide foundation works for a luxury apartment project in Vietnam. Bored piling work will start on Oct 15 and is scheduled
        55 words
      • Article
        Lock icon Food Junction sees Q3 loss with China closure
        71 5 FOOD Junction Holdings warned that it expects a loss for the July-September quarter, due mainly to the closing of its Malones Cafe and Restaurant operation in Suzhou, China. The company had ceased the Malones operation in Suzhou on July 31, as it
        71 words
    • Article
      Lock icon Scorpio East non-exec director sues 3 IDs
      174 5 SCORPIO East Holdings non-executive director Hady Hartanto has started legal proceedings against the company’s three independent directors, claiming that the contents of an announcement made by the company last month defamed him. That announcement on Sept 7 included a summary of a report
      174 words
    • STOCKS IN PLAY
      • Article, Illustration
        Lock icon CAO shares up on plans to buy stake in Korean firm
        411 6  -  By NISHA RAMCHANDANI SHARES in China Aviation Oil (Singapore) Corporation (CAO) gained about 6 per cent in trading yesterday after the jet fuel trader announced plans to acquire a 26 per cent stake in Oilhub Korea Yeosu Co (OKYC)
        411 words
      • Article, Illustration
        Lock icon Shares in Heng Long shoot up on LVMH offer
        378 6  -  Crocodile skin tannery counter is up 7%, closing at offer price of $0.60 By EMILYN EMILYN YAP SHARES in homegrown crocodile skin tannery Heng Long International shot up as much as 7.1 per cent yesterday to close at 60 cents a
        Source: Bloomberg  -  378 words
    • Article
      Lock icon Nomura upbeat on A-Reit, says CDLHT may disappoint
      443 6  -  UBS keeps buy rating on UOL on news of office building lease By MINDY TAN ASCENDAS Real Estate Investment Trust (A-Reit) is likely to outperform market expectations in the upcoming results season, while CDL Hospitality Trust (CDLHT) might present disappointing results, projected
      443 words
    • Article
      Lock icon OCBC buys Shanghai building for $183m
      170 6 OCBC Bank has bought a six-storey office building in Shanghai for some $183 million to use as the bank’s headquarters in China. OCBC unit Eastern Realty Company acquired Chinese company Shanghai International Group Plaza Co, which owns the building, from a special purpose vehicle
      170 words
    • Article
      Lock icon Vessel charter gives Ezra, EOC a boost
      398 10  -  Charter of Lewek Emas could reap up to US$1 b over 12yrs for the joint owners By LYNN KAN WITH Vietnam’s Chim Sao offshore oil project hitting first oil yesterday, Ezra Holdings and its 46.5 per cent owned associate EOC Limited will get
      398 words
    • Article
      Lock icon One-time gain boosts Lian Beng Q1 profit
      293 10  -  By DOLLY CHIA HELPED mainly by a one-time gain of $7.9 million from the sale of an investment property, Lian Beng Group posted a 74.7 per cent surge in earnings to $19.1 million for the first quarter ended Aug 31, 2011. The first-quarter
      293 words
    • Article
      Lock icon SIAS’s new Internal Audit Excellence Award
      423 10  -  By MICHELLE TAN UNDERSCORING the importance of the internal audit function, the Securities Investors Association of Singapore (SIAS) yesterday entered into a tripartite relationship with two key institutions to launch an Internal Audit Excellence Award (IAEA), as a new category of its SIAS Annual
      423 words
    • Article
      Lock icon SIAS Corporate Governance Week 2011
      333 10 THE inaugural Singapore Corporate Governance Week 2010 brought together a number of listed companies that publicly pledged to uphold the highest standards in corporate governance. This year’s Singapore Corporate Governance Week will be held from OCt 24-28, 2011. A key feature of the week’s programme
      333 words
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      255 5 N V i j Check-in services really worth checking out. As the "World's Most Improved Airline in 2010", Garuda Indonesia offers you exceptional service even before you board the plane. Get a boarding pass for your return trip when you check-in and a Fast-Track security clearance that is available to
      255 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Traders bet on Western markets’ rise
      602 8  -  STI up 28 points at 2,668.30 amid modest rebound in HK and firm opening in Europe STOCKS R SIVANITHY Senior Correspondent A MODEST rebound in Hong Kong, and a moderately firm opening for Europe because of fresh hopes of more bank bailouts gave rise
      Source: Bloomberg  -  602 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 3 0 0 0 8 3 3 Manufacturing 52 40 32 3 2 4 55 42 36 Commerce 20 16 12 3 3 1 23 19 13 Tpt/Stor/Comms 15 11 15
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,696 19,696 87,094 87,094 Manufacturing 154,760 10,717 165,477 138,514 106 138,619 Commerce 144,499 3,556 148,055 83,131 178 83,310 Tpt/Stor/Comms 96,597 1,062 97,659 147,763 99 147,862 Finance 14,588 14,588 119,124 119,124 Construction 13,631 7,068 20,699 2,510
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.200 +0.020 CapitaLand 2.450 +0.030 CapitaMall 1.835 +0.020 CityDev 9.760 +0.250 ComfortDelGro 1.310 DBS Grp 11.750 +0.210 F&N 5.570 +0.080 GLP 1.580 +0.020 Genting SP 1.565 +0.055 Golden Agri 0.605 +0.015 HK Land 4.790 -0.010 JMH 47.370 +0.250 JSH 26.320 -0.130
      111 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Oct 10 VALUE CLOSE BT OB/OS -383.00 +383.0 BT CADI -*****.00 +63.0 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 588.55 +8.58 FTSE ST Small Cap 397.77 +0.27 FTSE ST All Share 639.55 +6.73 FTSE ST China Top 182.87 +2.19 FTSE ST China 218.50 +2.26 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Genting SP 98,838,000 NexGenSCom 81,430,000 Golden Agri 68,217,000 *Genting HK US$ 30,114,000 Noble Grp 26,878,000 Heng Long 22,880,000 SingTel 22,841,000 Artivision 22,502,000 STXOSV 21,539,000 Yangzijiang 20,509,000 VALUE($) Genting SP 151,521,110 SingTel 71,705,250 Keppel Corp 70,378,080 Golden Agri 40,850,515 DBS Grp 39,591,450 Noble Grp 37,255,220 OCBC Bk
      58 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Goodpack Ltd
        306 8 Goodpack Oct 10 close: $1.48 DBS VICKERS RESEARCH, Oct 10 PERFORMANCE likely to follow last Global Financial Crisis: Goodpack’s top line grew 3 per cent y-o-y in FY09, as its market share for synthetic rubber (SR) increased from 10 per cent in FY08 to 15.3 per cent; while
        Source: Bloomberg  -  306 words
      • Article, Illustration
        Lock icon SATS Ltd
        437 8  -  Oct 10 close: $2.12 OCBC INVESTMENT RESEARCH, Oct 10 Compiled by JAMIE LEE SATS confirmed it is in talks to sell Daniels: After news reports said it is looking to sell its UK subsidiary Daniels Group (Daniels), SATS Ltd (SATS) formally clarified via the SGX website that it
        Source: Bloomberg  -  437 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article, Illustration
      Lock icon Fear of euro rebound running out of steam
      502 8 CURRENCIES [LONDON] The euro bounced yesterday, supported by a renewed German and French pledge to unveil a comprehensive plan by the end of the month to rescue the region from a sovereign debt crisis and recapitalise struggling eurozone banks. However, analysts said
      REUTERS  -  502 words
    • Article
      Lock icon RISES
      117 8 BY CENTS CLOSE UP DBXT E50 10US$ 3474 392.9 9.7 DBXT MSUSA 10US$ 2819 187.5 5.5 DBS Bk 4.7% NCPS 100 ***** 148.0 1.4 GLD 10US$ ***** 127.1 0.6 DBXT MSKorea 10US$ 4863 96.3 1.6 UOB.ES.1110 1688 70.0 4.3 Hyflux 6% CPS 10 ***** 69.0 0.7 DBXT FTVietnam 10US$
      117 words
    • Article
      Lock icon FALLS
      115 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4574 -62.9 -1.1 Jardine C&C 4127 -45.0 -1.1 DBXT Nifty 10US$ ***** -21.8 -0.2 JSH 2632 -16.7 -0.5 DBXT MSTHAI 10US$ 1402 -10.3 -0.6 ShangriLa Asia 1474 -9.9 -3.9 ChinaEssen 16 -6.5 -28.9 SIA 200 1136 -6.0 -0.5 Spore Land 593
      115 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      253 9 a C halo AND IT SHINES 43 FLOORS HIGH With a central 43 floor residential tower rising high above the London skyline, Stratford Halo is a landmark development of one, two and three bedroom apartments overlooking the 2012 Olympic Park and Stadium. Due for completion in 2013, apartments in the
      253 words
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      3217 10 GpiCentre EPICENTRE HOLDINGS LIMITED (Company Registration No. *****2930G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of EPICENTRE HOLDINGS LIMITED (the "Company") will be held at 1 Orchid Club Road, Orchid Country Club, Level 1, Golf Clubhouse, Octagon,
      3,217 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Pillay named rector of third UTown college
      471 11  -  Students to benefit from his rich industry experience By MALMINDERJIT SINGH THE man who oversaw the transformation of Singapore Airlines into a world-class enterprise will now guide select students at the National University of Singapore (NUS) to better prepare them for the workforce.
      FILE PHOTO  -  471 words
    • Article
      Lock icon Shell restarts some Bukom plants after checks
      561 11  -  Meanwhile, a probe by the Manpower Ministry into the fire continues By RONNIE LIM PULAU Bukom Shell’s largest manufacturing facility in the world is starting to stir back to life, even as a probe continues into the cause of a 32-hour fire which
      561 words
    • Article
      Lock icon Contract workers become more attractive to MNCs
      469 11  -  Immediate access to skilled candidates who bring value to the organisation By LYNN KAN MENTION “contract workers” and perhaps cleaning ladies or shipyard labourers come to mind. But suitdonning Central Business District-bound executives? Skilled workers on short-term assignments have become a favoured labour
      469 words
    • Article, Illustration
      Lock icon Michael Palmer elected as new Speaker
      271 11 MICHAEL Palmer, lawyer and Member of Parliament for Punggol East, was yesterday elected as the Speaker of the 12th Parliament of Singapore. The 8th Speaker succeeds Abdullah Tarmugi, who was Speaker from 2002 to 2011. Mr Abdullah retired from politics before the May general
      271 words
    • Article, Illustration
      Lock icon Lim Hwee Hua made KKR adviser
      317 11 US-based PE firm wants to tap her regional expertise By DOLLY CHIA LIM Hwee Hua has been appointed senior adviser by US-based global private equity firm Kohlberg Kravis Roberts Co (KKR), following her retirement from public service as a cabinet minister. Co-founder and co-chair
      317 words
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      120 11 ITV A I ■L v >j»' sfi V-' v I'lv 1 II. HUH ITTT 77— a {Mfjfl a ,j ii it ft ft 1. 411 One s destination is never a place, but a new way of seeing tilings." Henry Mill er MaJcz. (y'aJulA. s f: 7T T'-flJi'-- Jfti# m
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      18 11 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices NOTICES
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  • SME Inc
    • Article, Illustration
      Lock icon De’Quek rides on green wave
      1053 12  -  Company aims to become a global innovations-led environmentally-friendly stationery creator and distributor, reports JASLENE PANG AS more companies join in the mantra for green industrial processes and products, stationery firm De’Quek Trading is also trying to see how it can contribute to the green wave.
      ARTHUR LEE  -  1,053 words
    • Article, Illustration
      Lock icon SMEs’ share of corporate income tax rises to 39.7%
      374 13  -  In education, health, social services, arts, entertainment, they account for 100% By CHEN HUIFEN SMES’ contribution to the total net tax assessed of corporate income tax has been edging up over the last three years, according to the Inland Revenue Authority
      Source: IRAS  -  374 words
    • Article
      Lock icon The concepts of charity and philanthropy
      509 13 ASK NUS PROFS Q: We are planning to give our company’s CSR (corporate social responsibility) efforts a bigger push and are looking into what we can do; for instance, doing more charitable work. “Philanthropy” and “charity” have been terms used. Is there a difference
      509 words
    • Article, Illustration
      Lock icon Riding the trends puts Jay Gee ahead
      937 14  -  Homegrown fashion retailer continues to bring in new brands as it grows empire beyond S’pore, report CHEN YUHONG, NG LI QIN, TAY SIANG BOON ANDY NG LI QIN TAY TAY SIANG BOON ANDY The writers are students from NUS Business School THE fashion
      ARTHUR LEE  -  937 words
    • Article, Illustration
      Lock icon Hiring and firing in China
      572 14  -  SMEs should learn how HR matters are handled over there By KELLY TAY ANY company looking to venture overseas will quickly face the daunting task of learning about, grappling with and adhering to unfamiliar human resource (HR) rules and practices. The same is true for
      572 words
  • Page 12 Advertisements
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      80 12 A DRESS IS STITCHED IN SINGAPORE.THE NEXT NIGHT IT’SAPPLAUDED IN PARIS. In the fashion business there’s no such thing as fashionably late. Our local expertise, customs clearance experience and international network are unparalleled.That’s why when it comes to express shipping, we’re the International Specialists.And why, if you’re a company, small
      80 words
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      11 12 ENTERPRISE 50 Riding the trends puts Jay Gee ahead PAGE 14
      11 words
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  • Page 13 Advertisements
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      31 13 JOINT-PAINS? SLEEP ON WATER! Waterbeds evenly distribute your body weight, relieving pressure on joints and muscles. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381
      31 words
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      121 13 CATS Recruit The first step on your ladder to success CLA/AUG06/g I n vest men tj[ Trends Trade EUR/USD from 1 pip and no re-quotes. c c\; S! Wr r H, Off "Or 4ll to l *g. r S •v p u& *r e G Cs 83? 3 if Standard
      121 words
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      321 14 @SP NANYANG -rt TECHNOLOGICAL UNIVERSITY Nanyang Business School LEADERSHIP CONFERENCE: Transformational Strategies for Succeeding in a Volatile Marketplace m m Ml nj in h /j tt <<? <? v u L Rapid changes in the economy, sudden shifts in consumer preferences, increasing culturally-diverse talent mix in organizations, and intense global
      321 words
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      60 14 t"7 '■WB~ O FIND THE ONES rP T'SU b c; r~7 C 1 U THAT FIT b b n < Recruit the right people through CATS Recruit Call 1800 289 8822 or email recruit@sph.com.sg to advertise. rJ V i c I "7 i ~J b b MATS v > RECRUIT
      60 words
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  • SINGAPORE EXPERIENCE AWARDS
    • Article, Illustration
      Lock icon Hitting all the right notes
      1020 15  -  The Timbre Group has grown from strength to strength since its first outlet opened in 2005, reports NISHA RAMCHANDANI PASSION and a love of the arts have helped local entrepreneurs Danny Loong and Edward Chia of the Timbre Group hit the right note with their
      1,020 words
    • Article, Illustration
      Lock icon TungLok Group serving up a storm
      905 15  -  By NISHA RAMCHANDANI SINGAPORE’S dining scene has gotten a dose of glamour in recent years with more fine-dining establishments and celebrity chef restaurants but casual dining will remain the mainstay of the food and beverage (F&B) industry, according to the TungLok Group. While Marina
      905 words
  • Page 15 Advertisements
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      149 15 This is the second of a 5-part series brought to you by the Singapore Tourism Board As the most prestigious awards platform in Singapore’s tourism industry, Singapore Experience Award recipients individuals and organisations from sectors encompassing Attractions, Business Travel and MICE, Dining, Education, Entertainment, Healthcare, Hospitality and Retail are judged
      149 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US households take a bigger hit after the recession
      706 16 Those who lost jobs and then found work earn 17.5% less than in old jobs NYT [WASHINGTON] In a grim sign of the enduring nature of the economic slump, household income in the United States declined more in the two years
      NYT; AFP  -  706 words
    • Article
      Lock icon German exports rise in Aug for first time in 3 months
      376 16 Bloomberg [FRANKFURT] Exports from Germany, Europe’s largest economy, rose for the first time in three months in August, defying a slowdown of global trade. Exports, adjusted for work days and seasonal changes, surged 3.5 per cent from July, when
      Bloomberg  -  376 words
    • Article
      Lock icon S Korea leader urges swift passage of US trade pact
      261 16 AFP [SEOUL] President Lee Myung-Bak called on South Korea’s Parliament yesterday to urgently ratify a major free trade agreement (FTA) with the United States, saying the US Congress was poised to approve it. “More than anything else, ratification of the
      AFP  -  261 words
  • Page 16 Advertisements
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      1252 16 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Goldtron Limited (Co. Reg. No: *****0234E) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GOLDTRON LIMITED (the “Company”) will be held at Raffles Marina, Compass Ballroom
      1,252 words
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      30 16 fcj^EETflEAM Catch the 9ryaFiar Street Team win ■vnzan. S TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD! 91.3FMI TODAYS BEST MUSIC I
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      206 17 THE HOURGLASS CONGRATULATES P <5 A PARK HOTEL GROUP FOR CELEBRATING So YEARS OF LOVING HOSPITALITY THE f r' -ic r rn. MALMAISON y -A <®5hc untold storv i* T SB 402 is L° v*-till 1 V< f •"•Mil MALMAISON MALMAISON 'rit* 1L l@5 Gv&er it E' i m MALMAISON
      206 words
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      329 18/19 i. a F m *5 e*' beif j ov~ e *We"* w < PARK HOTEL GROUP CELEBRATING YEARS OF LOVING HOSPITALITY Established since 1961, PARK HOTEL GROUP has expanded from 1 hotel to a portfolio of 8 hotels located across the Asia Pacific. 50 years down the road, our commitment
      329 words
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      224 20 THE STRAITS TIMES. Get the All-in-One news experience for just $2 more! a .a •J THE* A fr Z WA •A •4 > With a newspaper subscription at $24.65* A per month, add $2 to enjoy our Online, iPad and iPhone editions. For a limited period only. 4 STEPS TO
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon One dies as striking Freeport miners and police clash
      414 21 Reuters [GORONG GORONG, Indonesia] A clash between striking workers and police near Freeport McMoRan’s Indonesian copper mine killed one protester and injured others, complicating a pay dispute that appears far from being resolved. The demonstration by the miners, over access to
      Reuters; AP  -  414 words
    • Article
      Lock icon Indonesia’s refined tin shipments extend fall
      233 21 Bloomberg [JAKARTA] Refined tin shipments from Indonesia, the largest exporter, dropped for a third month last month after prices slumped, a trade ministry official said. Exports tumbled 39 per cent to 5,233 tonnes last month from 8,560 tonnes in August, said Toto Rusbianto, head
      Bloomberg  -  233 words
    • Article
      Lock icon Glencore may buy Bumi stake from Bakries
      376 21 Commodities supplier is most obvious suitor: Liberum analysts Bloomberg [LONDON] Glencore International Plc, the world’s largest publicly traded commodities supplier, may consider buying a stake in Indonesian coal producer Bumi plc, according to Liberum Capital Ltd analysts. PT Bakrie Brothers Tbk, with 47
      Bloomberg  -  376 words
  • Page 21 Advertisements
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      109 21 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download for FREE from Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will
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      251 21 WHERE A BUSINESS GOES DEPENDS ON WHERE IT IS Marina Bay Financial Centre (MBFC) welcomes you to seize this limited opportunity to be part of Tower 3 and one of the world's most vibrant financial hubs. An iconic addition to the heart of the New Downtown, MBFC is the first
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Sinopec buying Canada’s Daylight Energy for C$2.2b
      401 22 Deal underscores China’s quest to secure energy to power its economy Reuters [TORONTO] A unit of China Petrochemical Corp (Sinopec) has signed a deal to buy Canadian oil and gas explorer Daylight Energy Ltd for C$2.2 billion (S$2.74 billion) in cash, underscoring China’s
      Reuters  -  401 words
    • Article
      Lock icon New rules plug China wealth management loopholes
      351 22 Reuters Bloomberg [BEIJING] China has signed off a set of rules for its small but booming wealth management sector to temper rapid growth and prevent banks from exploiting loopholes to beat regulation. More than just an area of growth, China’s wealth industry has
      Reuters; Bloomberg  -  351 words
    • Article
      Lock icon 100m farmers to flood cities by 2020
      204 22 AFP [BEIJING] More than 100 million Chinese farmers will move to cities by 2020, posing huge challenges for urban planners and already stretched social welfare systems, according to a new official forecast. China has seen an unprecedented wave of urbanisation as millions of
      AFP  -  204 words
    • Article, Illustration
      Lock icon WHEN CHINA CHANGED
      74 22 [WUHAN] A visitor looking at a picture in the newly-built 1911 Revolution Museum here, capital of central China’s Hubei Province, last Friday. The museum has been divided into seven exhibition halls, showcasing the history of the 1911 Revolution, which began on Oct 10, 1911 with an armed
      XINHUA  -  74 words
    • Article
      Lock icon India telcos allowed to trade and share airwaves
      339 22 Bloomberg [NEW DELHI] India will allow operators in its crowded cellular sector to share and trade airwaves and will also unveil rules to allow carriers to exit the industry, the telecoms minister said as he unveiled a new telecoms policy. Under the
      Bloomberg  -  339 words
    • Article, Illustration
      Lock icon Temasek may increase stake in Alibaba
      549 22 Sources say S’pore firm approached over help in funding Bloomberg [NEW YORK] Alibaba Group Holding Ltd has talked with Singapore’s Temasek Holdings about providing financing to buy the 40 per cent stake in itself held by Yahoo! Inc, according to people familiar with the
      Bloomberg  -  549 words
  • Page 22 Advertisements
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      438 22 :",?~}~!?}:[_$&"_?`')*{"=>^[?$< C.K. TANG LIMITED (Incorporated in Singapore) (Company Registration No.: *****0023H) DESPATCH OF SUPPLEMENTAL CIRCULAR BY C.K. TANG LIMITED IN RELATION TO THE PROPOSED SELECTIVE CAPITAL REDUCTION 1. Introduction The board of directors (the "Board" or the "Directors") of C.K. Tang Limited (the "Company") refers to the adjourned extraordinary general
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      166 22 MATS NOTICES In the Matter of The Companies Act (Cap. 50) and In the Matter of Bharuch Pte Ltd (In Liquidation) Reg. No. *****1572W Notice of Final Meeting Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting of the Members
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      Lock icon Page 22 Advertisements Column 3
      103 22 Celebrate Diwali at Rang Mahal This Diwali, Rang Mahal presents a majestic range of gift boxes filled with traditional handcrafted mitthai sweets. A hallmark of our tradition and pride for 4 decades in authentic flavours. Corporate Mitthai Gift Box $42+ (21 mitthais) The Ladoo Collection $55+ (12 ladoos) Premium Mitthai
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  • Page 23 Advertisements
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      50 23 M •J,, 1 Mr Teo Kiang Ang Managing Director Trans-cab Holdings Pte Ltd has been conferred the Public Service Medal (PBM) at the 2011 National Day Awards EZ-Link Pte Ltd HONGLEONG ru II p Cj liS P^ rINANLt UM HUA YONG LLP (0470) RSM Chio Lim Standard Chartered Star Hub
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  • WORLD
    • Article, Illustration
      Lock icon Galleon founder may get up to 25 years
      613 24 Judge to consult nonbinding sentencing guidelines that could make it more severe Bloomberg [NEW YORK] Galleon Group LLC’s Raj Rajaratnam faces a federal judge this week who will weigh wildly divergent portraits of the disgraced hedge fund manager while interpreting guidelines that
      Bloomberg; BLOOMBERG  -  613 words
    • Article
      Lock icon London City’s job openings slide 19%
      340 24 Demand still firm for those working in regulation, compliance after UBS fiasco Bloomberg [LONDON] The number of job vacancies at London’s financial-services companies fell in September to the lowest this year as banks battle the UK’s faltering economy and a weakening global outlook for
      Bloomberg  -  340 words
    • Article
      Lock icon Global crisis could hit Latin American export markets
      454 24 Officials fear effects of lower demand for raw materials AFP [BUENOS AIRES] The global economic crisis is worrying officials in Latin America, who fear the effects of a decline in demand for the region’s raw materials, particularly from China, analysts said. As
      AFP  -  454 words
    • Article, Illustration
      Lock icon Greece activates rescue fund to create new bank
      485 25 Bloomberg Proton Bank will reorganise into a new lender called New Proton Bank [ATHENS] Greece’s central bank activated a rescue fund set up under an EUled bailout in May 2010 to restructure Proton Bank SA, with the Hellenic Financial Stability Fund becoming
      Bloomberg; AP  -  485 words
    • Article
      Lock icon US unlikely to fall into recession, stocks attractive: Russell CIO
      411 25  -  By CONRAD TAN THE United States will likely suffer slow economic growth and high unemployment for a long time, but isn’t expected to slide into a recession, the chief investment officer of a large US-based asset manager said in a
      411 words
    • Article
      Lock icon Two Americans share Nobel economics prize
      374 25 AP [STOCKHOLM] Americans Thomas Sargent and Christopher Sims won the Nobel economics prize yesterday for research that sheds light on the cause-and-ef-fect relationship between the economy and policy instruments such as interest rates and government spending. Mr Sargent and Mr Sims both 68 carried
      AP  -  374 words
    • Article
      Lock icon iPhone 4S breaks Apple’s pre-order record
      264 25 Reuters [NEW YORK] More than one million consumers in seven countries ordered Apple’s latest phone, the iPhone 4S, in the first day, beating the company’s previous record despite complaints from fans when the product was unveiled. Apple said yesterday that iPhone 4S pre-orders as
      Reuters  -  264 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      1007 24 High performance leadership The role of leadership is a factor in determining how much an organisation can achieve and how big it can grow. Learn what are some of the traits of effective leadership and how you can incorporate them to your leadership style in these workshops and seminar. A
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  • Page 25 Advertisements
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      1142 25 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SOPHOCLES CAPITAL PTE. LIMITED. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1344N NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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      Lock icon Page 25 Advertisements Column 2
      293 25 S P Jain EMBA OPEN HOUSE "Tangled Traffic: Success Failure of the Singapore Solution" hi ::i=s m W »W I! :SJ *1 ft '3 V' 'II r I "II! v W 1 »v-r SSg? J "Traffic congestion is a negative externality and results in market failure. Singapore, with its small
      293 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Will Steve Jobs win his last bet?
      511 26 EDITORIAL THE late co-founder of Apple Computer, Steve Jobs, made a lot of bets on products that consumers would love, and he invariably won, despite often defying prevailing wisdom. His magic touch built a reputation for Apple that attracted devotees around the world.
      511 words
    • Article, Illustration
      Lock icon The preferred villain of US politicians on the make
      794 26  -  THE BOTTOM LINE LEON HADAR Washington Correspondent TAKING swipes at China has been a Washington pastime for years. China’s growing economy and its military assertiveness at a time when the foundations of American economic power and geo-strategic pre-eminence are eroding make
      794 words
    • Article, Illustration
      Lock icon Creating your own compensation culture
      1128 26  -  With effort and ingenuity, almost any organisation can do it to reward performance By FILIPPO SARTI The writer is CEO, Regus, Asia-Pacific I HAVE never taken kindly to the idea of respecting my elders and betters. There is a fallacy in that smug paternalistic expression
      STOCK.XCHNG  -  1,128 words
    • Article, Illustration
      Lock icon Transparency in wealth management
      1376 27  -  Singapore stands to gain a lot from being a proactive player in the move towards transparency for tax purposes By EDMUND LEOW DAWN QUEK DAWN QUEK Edmund Leow is a principal and Dawn Quek is a senior associate at Baker McKenzie THE issue of increased transparency
      1,376 words
    • Article
      Lock icon Audit moving with the times
      510 27  -  LETTER TO THE EDITOR Ernest Kan Ernest Kan, ICPAS president; Michael Izza, ICAEW chief executive WILLIE Cheng raises some challenging issues for the accountancy and audit profession following the roundtable organised by ICPAS and ICAEW to debate audit in light of the European Commission’s Green
      510 words
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      Lock icon Striking big in the golden market
      808 27  -  By DAVID DAVID SINCLAIR The writer heads policy and research at the UK-based International Longevity Centre, a think tank on longevity and demographic change. He is a speaker at the Investing In The Ageing Boom conference in Singapore, Oct 13-14 OLDER people play an
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  • AVIATION
    • Article, Illustration
      Lock icon Engineers’ strike likely to delay Qantas flights
      389 28 40 services may be disrupted; at least 11,000 passengers already affected By VEN SREENIVASAN [SINGAPORE] If you are due to take a Qantas flight, be prepared for delays of between two and three hours. More than 40 domestic and international flights are expected
      389 words
    • Article
      Lock icon Airbus suppliers plan hike in output
      461 28 Reuters [PARIS] Airbus suppliers are ready to keep up with a possible leap in future production to 48-50 narrowbody jets a month, while warning that some of the industry’s smallest parts manufacturers are facing a lending squeeze from French banks. Airbus, the world’s largest
      Reuters  -  461 words
    • Article
      Lock icon Ferrovial sells 6% stake in BAA to Alinda for 325m euros
      572 28 Reuters [MADRID] Spanish infrastructure firm Ferrovial has cut its stake in UK airport operator BAA to just below 50 per cent after selling a 6 per cent share, removing BAA’s debts from its balance sheet. Ferrovial said yesterday that
      Reuters  -  572 words
    • Article, Illustration
      Lock icon Gulfstream, Cessna add new models
      612 28 Honeywell says global business-jet sales may rise in ’12 Bloomberg [LAS VEGAS] General Dynamics Corp’s Gulfstream unit and Cessna Aircraft are among business-jet makers adding new models as demand begins to rebound after an order slump that forced industrywide production cuts of more than 40
      Bloomberg; FILE PHOTO  -  612 words
    • Article
      Lock icon Infratil may sell Glasgow Prestwick Airport
      392 28 Bloomberg [WELLINGTON] Infratil Ltd may sell Glasgow Prestwick Airport following flight cuts by Ryanair Holdings Plc, the airfield’s largest operator of scheduled passenger services. “Glasgow isn’t performing,” Marko Bogoievski, chief executive officer of Wellington, New Zealand-based Infratil, said in an Oct 5 interview. “It’s
      Bloomberg  -  392 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      314 28 CRYPTIC CROSSWORD Across 1 Finding two pence in water brings a lump in one’s throat(5,5) 6 Fruit regularly seen in doctor’s bag (4) 9 Review degree given for hot rock (5) 10 Unruly mob sent to film location (9) 12 Dine out and finish uncertain (13) 14 Elated, when hands
      314 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    2767 29 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
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  • SHIPPING
    • Article, Illustration
      Lock icon France’s Le Havre sets its sights on transshipment
      526 30  -  Container port poised to double capacity, offer incentives to liners By JOYCE HOOI AFTER two years of regulation upheaval and jousting with labour unions, the port of Le Havre France’s largest container port is ready to tackle the transshipment market. The port
      FILE PHOTO  -  526 words
    • Article
      Lock icon Tanker sector fears for future over earnings rout
      314 30 Reuters [LONDON] There is growing concern that if oil tanker earnings remain at levels below operating costs it will threaten the sustainability of the industry, officials with industry association Intertanko said. The crude tanker market continues to struggle with a supply glut
      Reuters  -  314 words
    • Article
      Lock icon Shipping industry faces financing squeeze
      540 30 Reuters Bloomberg [LONDON] The shipping industry will face tougher financing conditions in the next 24 months as banks tighten credit lines with more asset sales and ship seizures expected, industry bankers said. Many European banks are restructuring and are under pressure to shrink their balance
      Reuters; Bloomberg  -  540 words
    • Article
      Lock icon CMA CGM denies China ship order report
      429 30 Reuters [PARIS] CMA CGM, the world’s third-largest container shipping group, has denied a Chinese newspaper report that it was looking at placing US$2 billion worth of orders to shipyards in China, saying that cutting debt remains its priority. In a statement on Friday,
      Reuters  -  429 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 30 SGX '000 Oct 10 S$ +/-Vol CH Offshore 0.38 unch 22 Chuan Hup Hldg 0.21 -0.01 70 Cosco Corp 0.94 0.02 5973 CWT Ltd 0.95 0.01 245 Ezra Hldgs 0.83 0.02 2680 First Ship Lea 0.28 -0.01 1388 Freight Links 0.05 unch 765 Grand Banks 0.32 0.01 14
      278 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7964 31 Transaction date: Oct 10 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 12 8Telecom 12.5 10.7 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 5 unch 74 5 4.7
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    • Article
      Lock icon SGX CATALIST
      1483 32 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 13 t 800 Super 13.6cd 13.7 14 4.7 4 5.3 24.3 5.5 2.5 t AA Grp 2.5 2.2 2.9 11.9 2.4 200 104
      1,483 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10075 32 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.05/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.58/ Aberdeen Asset Mgt Asia Limited American Opp 0.5887/ Asian Credit Fund
      10,075 words
    • Article
      Lock icon GLOBALQUOTE
      225 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38 36 43.5 3.6 9.2 3 99 53 25.5 Genting HK US$ US27.5 +0.5 ***** 28 26.5 27.5 28 1810.7 20 10 OGL Resources
      225 words
    • Article
      Lock icon SGX ETF
      793 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 123cd 117 122 561.5 1261 856 CIMBAsean40 100US$ US913 +6 8 915 913 916 925 36.5 350 259 DBS STI
      793 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 7 Index Change Change Change Change Change Change World Index Preliminary 789.7 0.2 -12.0 -0.4 -11.1 0.6 -11.7 EAFE Preliminary 668.6 0.7 -16.5 0.5 -14.9 1.5 -15.5 Europe Preliminary 986.8 0.4
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 33 CRUDE OIL PRODUCTS Oct 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.40 0.92 WTI (Near Mth) 83.07 0.82 Dubai (1-Mth F) 99.69 1.58 Tapis blend 112.71 0.87 Minas 105.71 0.87 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.00 0.50 Jet Kerosene 120.00 2.30 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 33 Oct 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1158.25 1163.75 1170.00 1152.25 Jan 12 1170.00 1175.75 1181.75 1164.25 Mar 12 1179.25 1185.00 1191.00 1173.50 May 12 1187.25 1193.75 1199.00 1182.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 49.07
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 33 Oct 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.01.2012 0.24 1-Year BY*****X 02.05.2012 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.61 103.65 103.65 5-Year N*****0W 1.125 01.04.2016 102.62 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      434 33 Oct 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4500 0 2502 Mar12 99.3650 0 3458 Jun12 99.3300 0 1228 Sep12 99.3050 0 769 EUROYEN TIBOR FUTURES Dec11 99.6900 0 2382 Mar12 99.6800 0 2128 Jun12 99.6825 0 1470 Sep12 99.6800 0 610 Dec12 99.6850
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      111 33 As on 07 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1667.50 1632.30 1641.20 1653.1 Silver DEC-11 32.465 31.990 32.045 32 CURRENCY US Dollar-Jap Yen DEC-11 76.82 76.53 76.66 76.54 Euro-US Dollar DEC-11 1.3517 1.3374 1.3389 1.3438 Aust-US Dollar DEC-11 0.9788
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    • Article
      Lock icon SGX FUTURES
      157 33 Oct 10 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 423.0 419.5 423.0 21 275 Dec 11 423.0 420.0 423.0 49 488 Jan 12 424.5 423.0 424.1 24 246 Feb 12 424.0 424.0 424.0 9 136
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    • Article
      Lock icon LONDON METALS
      69 33 Oct 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2194.25 2195.00 3 months 2228.00 2228.00 Copper, Grade A (US$/tonne) Cash 7349.50 7208.25 3 months 7369.00 7225.00 Lead (US$/tonne) Cash 1957.50 1943.75 3 months 1940.00 1922.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 33 Oct 7 COCOA (£/tonne) Close Prev High/Low Dec 11 1717 1735 1740/1707 Mar 12 1746 1763 1769/1736 May 12 1762 1779 1784/1754 Jul 12 1779 1795 1796/1772 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1955 2025 2046/1933 Jan 12 1983 2051 2074/1960 Mar 12 2009 2075 2092/1993 May 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1992 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 1 1 150 44 105.00 31 ASJ Hldgs W*****1 0.5 1 4 36 6.60 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.6 1 20 100
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 33 Oct 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 6.267 0.730 7.685 48.459 88.583 0.757 11.534 3.087 1.271 86.386 42.830 1.269 7.786 0.905 30.105 30.491 0.632 0.988 Canada 0.982 6.156
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    • Article
      Lock icon SIBOR
      82 33 Oct 10 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      138 33 Oct 10 GOLD (US$/oz) Oct 10 Oct 07 Hong Kong 1661.00 1656.00 Oct 07 Oct 06 London 1651.80 1641.10 1652.55 1641.85 Source: Thomson Reuters CAST BAR Oct 10 (S$) Selling Buying Kilobar 73,500.34 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 165 68 5gm 467 342 10gm 835
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    • Article
      Lock icon PALM OIL
      57 33 Oct 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2820 2810 2920 2792 537 991 Nov 11 2818 2798 2820 2780 1737 ***** Dec 11 2799 2793 2818 2772 ***** ***** Jan 12 2796 2804
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    • Article
      Lock icon STOCK INDEX FUTURES
      26 33 Oct 10 Open High Sett STI Oct 2666 SIMSCI Oct 300.5 306.6 305.9 Taiwan Oct 254.7 256.5 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 33 Oct 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2680 1.2691 0.9875 0.9876 Canadian dollar 1.2452 1.2468 0.9697 0.9703 Euro 1.7378 1.7395 1.3534 1.3537 NZ dollar 0.9972 0.9986 0.7766 0.7771 Sterling pound 2.0052 2.0072 1.5617 1.5620
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Oct 10 S$ Bid Offer 1-month 1.2839 1.2849 2-months 1.2837 1.2848 3-months 1.2831 1.2843 6-months 1.2802 1.2816 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Oct 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.297 1.236 Can dollar 1.274 1.225 Euro 1.768 1.7 Sterling pound 2.051 1.973 NZ dollar 1.026 0.978 US dollar 1.314 1.264 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      160 33 Oct 10 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.01 US$ 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 0.75 0.55 9 months 0.95 0.75 12
      160 words
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  • PROPERTY
    • Article
      Lock icon Caution prevails in industrial property sector
      635 34  -  Amid slow exports, new supply could depress rents; site sales see fewer bids By FELDA CHAY LATEST research from two property consultancy firms is backing the view that caution has taken over the industrial property sector. Reports released by DTZ and SLP International Property
      635 words
    • Article
      Lock icon Three residential sites up for en bloc sale again
      466 34  -  By FELDA CHAY THREE residential sites that were put up for collective sale previously but failed to draw buyers are making another attempt to go en bloc, with one property lowering its asking price, while the other two have done away
      466 words
    • Article
      Lock icon HK seen resuming subsidised housing
      366 34 Reuters [HONG KONG] Hong Kong Chief Executive Donald Tsang is expected to announce the resumption of building subsidised housing for sale in his final policy speech tomorrow, in order to soothe public discontent about the city’s sky-high property prices. Mr Tsang, who is going to
      Reuters  -  366 words
    • Article, Illustration
      Lock icon Robinsons ‘in talks’ to lease Borders space
      538 34  -  By KALPANA RASHIWALA RETAILER Robinsons is said to be in talks to lease the former Borders space at Wheelock Place. The L-shaped space on the ground floor comes to about 29,000 square feet. The retail group already has a presence at Wheelock Place
      FILE PHOTO  -  538 words
    • Article
      Lock icon China home sales dive 32% during golden week
      231 34 Bloomberg [SHANGHAI] China’s home transactions fell during the week-long public holiday after residential prices posted their first monthly decline in a year, according to Soufun Holdings Ltd. Transactions in 20 major cities slipped by an average 32 per cent from a year
      Bloomberg  -  231 words
    • Article, Illustration
      Lock icon Franklin bullish on Japan, India property
      391 35  -  It’s raising funds for the second Asia-focused real estate fund of funds By UMA SHANKARI FRANKLIN Templeton is taking a contrarian stance and betting on the real estate markets in Japan and India. The US-based fund manager, which is currently raising money for a
      AFP  -  391 words
    • Article
      Lock icon Pavilion to raise RM800m in M’sia IPO
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      Lock icon Auction sales at lowest level since Q1 2009: JLL
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      167 34 Prime Residential Site For Sale By Tender Site: 58,867.0 Sq M (633,644.39 Sq Ft) GFA: 123,620.7 Sq M (1,330,653.21 Sq Ft) Plot Ratio: 2.1 (20 25 storeys) Tenure: 99 Years Leasehold (1982) Near to MRT (Clementi Mall); NUS; SIM; Nan Hwa (Pri. Sch.); Polytechnic; etc. Near future Jurong East Regional
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      159 34 FOR SALE White House Park GCB enquiries viewing appointments Dial 909-***** Chong CS (R*****2F) Site area: approx. *****sf, total floor area: approx. *****sf. Neighbouring Botanic Gardens, Dalvey n Nassim estates. Within White House Park Good Class Bungalow area. DTZ Debenham Tie Leung (SEA) Pte Ltd. Estate Agent Licence L*****01G Business
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      101 34 PRIME INDUSTRIAL BUILDING FOR SALE BY TENDER Address Description Land area GFA Tenure Zoning Remark Tender Closing Date 36 Tuas Ave 8 A 2-storey purpose built factory with Mezzanine office Approx. 86,700 sq ft Approx. 107,000 sq ft JTC 30 27 years wef July 1999 Business 2 Selling with vacant
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      20 34 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS I NOTICES 5
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  • LEADERS' PERSPECTIVE
    • Article, Illustration
      Lock icon Thinking ahead, thinking long-term
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      191 36 Performance Motors Limited WHAT IS THE TRUE MEASURE OF LEADERSHIP? DRIVE. pml-bmw.com.sg Sheer Driving Pleasure To know the substance of a leader, look at how he wields power. It's a point of view that the BMW 7 Series celebrates. That's why our V8 and six-cylinder engines come with TwinPower Turbo
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