The Business Times, 10 August 2010

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Total Pages: 28
1 28 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) 123/08/2009 Tuesday, August 10,2010
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  • 294 1  -  By JOYCE HOOI [SINGAPORE] Euphoria rose from a sea of red and white at the Padang last night, as Singapore celebrated its 45th year of independence. Buoyed by the pomp and festivity of the presidential gun salute and the regimental colour march, the 26,000-strong crowd
    ARTHUR LEE  -  294 words
  • 775 1  -  But acquisitions of private apartments and condos slip 7.4% in Q2 By KALPANA RASHIWALA [SINGAPORE] Foreigners including permanent residents bought 81 landed homes in Singapore in the second quarter of this year, up from 69 in Q1. And the Q2 figure is the strongest
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  • Page 1 Advertisements
    • 63 1 CORPORATE RESULTS Q2 earnings soar with GDP PAGE 3 OPINION Growth, opportunity and happiness PAGE 22 PROFILE The counsellor to CEOs HOCK LOCK SIEW Time for a new index for S-chips PAGE PAGE 2 More pictures on Page 7 Inc It pays to have a banking relationship PAGE 9 Falcon
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    • 48 1 !V J/ 4 cJ* Q O ■3, •0 ?0 f: -V 2 -a 1& 27 «<. i CJV to co *«< CO vA **> 4? Mi V r A •■> A 1 MM Q^reaueA Depuis 1775 www.breguet.com Boutique Breguet B1-119 The Shoppes at Marina Bay Sands, 2 Bayfront Avenue, Singapore,
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  • TOP STORIES
    • 755 2 Landed home purchases by foreigners surge FOREIGNERS including permanent residents bought 81 landed homes in Singapore in the second quarter of this year, up from 69 in Q1. And the Q2 figure is the strongest quarterly showing since Q2 2007, according to Knight Frank’s analysis of URA Realis
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    • 390 2 San Miguel chief intends to bid for govt monopoly with Robert Kuok and 2 other M’sian tycoons AFP [MANILA] Philippine President Benigno Aquino said yesterday his government would study a US$10 billion offer from a local tycoon to take over the government’s
      AFP  -  390 words
    • 1618 2  -  McKinsey director emeritus Hsieh is well suited for role By ANNA ANNA TEO [SINGAPORE] After more than three decades of business travel as a McKinsey man, Hsieh Tsun-yan found himself in a rather unusual setting for about two weeks in early June on a
      YEN MENG JIIN  -  1,618 words
    • 904 3  -  Combined net profit of 105 firms jumps 47% to $3.7b in quarter ended June By JOYCE JOYCE HOOI [SINGAPORE] After a sluggish start, listed companies in Singapore made up for lost time in the second quarter, with their bottom lines jumpstarted by the recovering
      FILE PHOTO  -  904 words
    • 313 3 Attractive women face discrimination in jobs where looks aren’t important Reuters [LOS ANGELES] Too hot to be an engineer or prison guard? Good looks can kill a woman’s chances of snaring jobs considered “masculine”, according to a study by the University of Colorado Denver
      Reuters  -  313 words
  • Page 2 Advertisements
    • 106 2 RESTAURANT HOSHIGAOKA With a rich history of more than 38 years in Singapore, it is now newly acquired by JP Pepperdine Group. Newly Rebranded! With Fresh Interiors! RESTAU S s^ AOKA Expect refreshingly-new menus of improved quality value-for-money Set Lunch and Ala Carte items. ■'A s. i V 1 H
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  • Page 3 Advertisements
    • 190 3 able W for the fo^ ee yfifti I2S22££^: nnovation hinges got a big S a P cuto vateeffe£^ companies of many leadership to nurture it ability otalen t and then acm. We have a solution for that. Through highly effective experiential learning tools and simulations, the Leadership Development Program (LDP)®
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    • 108 3 Earnings at a glance, Page 4 INVEST INTO AUSTRALIAN DISTRESSED ASSETS FREE ACCESS TO AUSTRALIA'S MOST COMPREHENSIVE LISTING OF DISTRESSED ASSETS Wholesale Investor has created an independent market place for these Distressed Asset Opportunities, which include: Companies in distress Distressed property opportunities Companies in the hands of Administrators, Receivers Distressed
      108 words

  • COMPANY NEWS
    • 671 4  -  HOCK LOCK SIEW By LYNETTE KHOO IT HAS been taken for granted that when assessing the general share price performance of S-chips, one would consider the FTSE ST China Index or the FTSE ST China Top Index the two indices that each track
      Source: Bloomberg  -  671 words
    • 1453 4 3 months ended June 2010 6 months ended June 2010 NET PROFIT CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) TURNOVER 1 HK Land 1,945.87 -562.96 nm 1,070.37 729.58 46.7 2 Jardine Strategic 1,634.03 412.71 295.9
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  • Page 4 Advertisements
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    • 18 4 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • SINGAPORE MARKETS
    • 645 5  -  STOCKS R SIVANITHY Senior Correspondent IT would be easy to say stocks look like they’re caught between two opposing forces the urge to sell because of weakening US economic data that suggests a drastic slowdown is on the cards, versus the
      645 words
    • 454 5 CURRENCIES Bloomberg ASIAN currencies strengthened for a third week, led by South Korea’s won and Malaysia’s ringgit, as signs that the US recovery is losing traction spurred demand for assets in the faster-growing economies of the world. The Bloomberg-JPMorgan Asia
      Bloomberg  -  454 words
    • 1416 5 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.45 2.55 11 11.17 10.48 1.29 1.17 ARA Asset Mgt 1.75 1.75 4 7.33 15.56 1.23 1.14 Armstrong Ind 1.00 1.00 3 4.90 8.78 0.52
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    • 66 5 Aug 6 VALUE CLOSE BT OB/OS 243.00 -96.00 BT CADI -*****.00 -40.00 BT 10-day MA -*****.00 +24.00 FTSE ST Mid Cap 737.04 -0.98 FTSE ST Small Cap 548.76 -1.88 FTSE ST All Share 739.78 -2.57 FTSE ST China Top 272.33 -1.97 FTSE ST China 300.73 -1.56 FTSE
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    • 4 5 WEEKLY
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    • 672 5 Weather forecasts from Russia point to a continuation of the drought COMMODITIES AFP [LONDON] Wheat prices struck two-year highs last week as major exporter Russia banned grain exports after a record drought and fires ravaged its crop. Markets shook off news that the
      AFP  -  672 words
    • 56 5 VOLUME Golden Agri 505,946,000 Genting SP 493,735,000 Kreuz 299,048,000 Informatics 267,611,000 Consciencefood 252,261,000 Rowsley 250,623,000 China Hongxing 207,225,000 LeaderEnv 200,065,000 *Genting HK US$ 189,103,000 CapitaLand 185,680,000 VALUE($) CapitaLand 756,233,273 Genting SP 624,717,400 DBS Grp 318,010,089 Wilmar 309,349,150 Golden Agri 300,644,660 UOB 251,488,886 SIA 233,822,191 SingTel 230,820,807 Noble
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    • 112 5 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 801.7 5.4 DBXT Nifty 10US$ ***** 383.3 2.4 DBXT MSKorea 10US$ 4897 368.4 5.9 GLD 10US$ ***** 344.2 2.2 DBXT MSAsExJp 10US$ 2916 325.3 9.0 JMH 4096 183.6 3.4 DBXT USDIGInfl 5US$ ***** 151.2 0.5 DBXT SPASX200 10US$ 2939 122.8 3.2
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    • 116 5 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5145-187.6 -2.6 Jardine C&C 3412-168.0 -4.7 DBXT FTVietnam 10US$ 4029-135.0 -2.4 DBXT MSINDO 10us$ 1233 -59.4 -3.4 UOB 1952 -34.0 -1.7 Keppel Corp 908 -26.0 -2.8 Asia Water W*****0 0.5 -18.0 -97.3 SMRT 205 -17.0 -7.7 Sinobest 10.5 -12.5 -54.3 OCBC
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    • 87 5 Where S$ stands Aug 6 CHNG YR 2010 CLOSE FR Aug 5 S$ LOW S$ HIGH US$ 1.3517 -0.04 1.4219 1.3506 Euro 1.7822 0.18 2.0153 1.6886 Pounds 2.1435 0.33 2.2831 2.0003 A$ 1.2378 -0.08 1.2960 1.1515 Yen* 1.5708 -0.08 1.5951 1.4467 Rupiah* 0.***** -0.03 0.***** 0.***** Baht* 4.2162 -0.08
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    • 1610 6  -  Rare inside sales in Serial System, Total Access Communication and Broadway INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE trading among directors remained low last week with only 12 transactions worth $624,000 based on filings on the
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    • 1486 6  -  TEH HOOI LING Senior Correspondent SMALL cap stocks in Singapore fared pretty well in the last two weeks on the back of decent corporate earnings. On average, our six portfolios advanced by 1.4 per cent, higher than the blue chip index’s 0.7 per cent
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  • SINGAPORE NEWS
    • 398 7  -  Sources say the project is fully owned by GMR following transfer from InterGen last year By RONNIE LIM GMR Infrastructure’s current bid to sell its half-stake in US power generation company InterGen will not affect the Indian group’s plan to push ahead
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    • 85 7 STARS were a prominent feature at NDP 2010, appearing in performances and decorative paraphernalia. NDP 2010’s second act ‘Five Stars’ revolved around the meaning of the five stars on the Singapore flag which stand for the nation’s ideals of democracy, peace, progress, justice and equality. The other acts
      PHOTOS: ARTHUR LEE  -  85 words
    • 403 7 Aug 6 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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    • 311 7 COMPANY MEETING PLACE DATE TIME Samko Timber E Parkroyal on Beach Road, Singapore, Plaza Ballroom 3, 7500 Beach Road, Singapore *****1 10-Aug 3.00pm Sunmart Hldgs E Suntec Singapore, International Convention Exhibition Center, 1 Raffles Boulevard, Suntec City, Meeting Room 207, Level 2, Singapore *****3 10-Aug 11.00am Advanced Hldgs
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    • 1211 7 Payment Ex Books Pay Ann (cts) date close date date AIMS AMP Cap Ind Reit ag 0.538 06-Aug 11-Aug 16-Sep 30-Jul Ascendasreit ao 3.370 22-Jul 26-Jul 26-Aug 19-Jul Ascott R Trust ad 2.040 29-Jul 02-Aug 27-Aug 23-Jul Ascott R Trust ao 1.060 29-Jul 02-Aug 27-Aug 23-Jul Ascott R
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  • Page 7 Advertisements
    • 143 7 Garuda Indonesia the world's most improved airline Winner of World Airline Awards" 2010 Passenger's Choice award W fW To Jakarta and Back, In a Day. Need a Jakarta/Singapore return trip in just one day? No problem with up to 7 flights daily on our new Boeing B737-800NG aircraft and departures
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  • SME Inc
    • 897 8  -  Company was among the first to see the potential of providing logistics to the sector, reports CHEN HUIFEN CHEN HUIFEN HAVING forged a strong position in spare parts logistics for the marine and offshore sectors, home-grown Griffin Kinetic now wants to penetrate the pharmaceutical logistics
      JOHN HENG  -  897 words
    • 719 8  -  Start-up bridges gap between shoppers and US merchants By CHAN YUPING LOCAL start-up Comgateway offers its customers a unique proposition access to US online merchants without the hassle of worrying about payment and delivery. Founder Danny Lim got the idea for his start-up
      YEN MENG JIIN  -  719 words
    • 896 9  -  The benefits range from better loan spreads to more favourable loan requirements to increased access to financing COMMENTARY By ANAND SRINIVASAN The writer is associate professor, finance and banking, at NUS Business School. He specialises in banking, bankruptcy and executive stock options. This
      896 words
    • 441 9  -  iBy TEH HOOI LING THE past couple of weeks have been good for stocks, as decent corporate earnings reports lifted sentiment. Our small-cap portfolio added 1.8 per cent, more or less in tandem with the blue-chip Straits Times Index’s 1.7 per cent advance. We had
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    • 735 10  -  Furniture, fitting-out firm Falcon now boasts two factories in Vietnam and one in Qatar, report LEE YING, BENJAMIN SEOW and MELINDA WONG LEE YING, BENJAMIN SEOW,MELINDA WONG The writers are students of the NUS Business School SLIGHTLY less than a decade ago, it was a simple
      YEN MENG JIIN  -  735 words
    • 1124 10  -  By LEE YING, BENJAMIN SEOW, MELINDA WONG The writers are students of the NUS Business School GOURMET Jimmie Lee has been featured in The Business Times recommending his favourite haunts to fellow foodies, but industry experts recognise him for something else altogether. Known for his farsighted
      ARTHUR LEE  -  1,124 words
    • 737 11 THIS WEEK’S TOPIC A new, simpler accounting standard is on track to be introduced for SMEs. What benefits can be derived from a simpler standard? What changes do you think should be made, and why? Cheryl Tong Managing Director Pursuit Pte Ltd THE Singapore Accounting Standards
      FILE PHOTO  -  737 words
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  • Page 9 Advertisements
    • 246 9 NWoeeZOfO Youth- OlympicTM© OFFICIAL SUPPORTER Canon Delighting You Always Canon empowers success. M\W M i I M i ii r 9 I Long-term vision means thinking beyond two m m generations. Kenny Yap Executive Chairman Qian Hu Corporation Limited LI E w t flu. li r Entrepreneurs must strive for
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  • Page 10 Advertisements
    • 1324 10 WATS NOTICES BUY IT• SELL IT• FIND IT KHONG GUAN FLOUR MILLING LIMITED (Company Regn. No. *****0096G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KHONG GUAN FLOUR MILLING LIMITED will be held at its registered office
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    • 70 10 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Falcon Incorporation Pte Ltd and Dynaforce International Pte Ltd were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times
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  • Page 11 Advertisements
    • 209 11 NANYANG University of California TECHNOLOGICAL UNIVERSITY Berkeley Nanyang Business School Haas Sch o1 of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished class. Enlightening. Engaging. And insightful teachings to meet the business challenges ahead. The programme has opened my mind to innovative
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    • 546 11 Voices Next week’s topic: Today marks the start of the seventh lunar month, which is also the Hungry Ghost Festival. Do traditional beliefs surrounding the festival affect the industry you are in? If so, how? What is your company doing to mark the festival? If you are an SME owner
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  • ECONOMY WATCH
    • 632 12  -  Move putting upward pressure on yen just when Japan is trying to talk it down: analysts By ANTHONY ROWLEY CHINA again bought significant amounts of Japanese government debt in June, it was revealed yesterday, touching off speculation about what motives lie behind China’s recent
      632 words
    • 570 12 Bloomberg [NEW YORK] US investors own more Treasuries than foreign holders for the first time since the start of the financial crisis in August 2007. Mutual funds, households and banks have boosted the domestic share of the US$8.18 trillion in tradable US debt
      Bloomberg  -  570 words
    • 648 12 Global recovery boosted June exports by 3.8% Bloomberg [BONN] German exports rose more than economists forecast in June as the global recovery helped bolster an export-led expansion in Europe’s largest economy. Sales abroad, adjusted for working days and seasonal changes, rose 3.8 per cent
      Bloomberg; AFP  -  648 words
    • 308 12 Bloomberg [BUDAPEST] Hungarian Premier Viktor Orban, who says that he’s fighting for “economic self-rule”, will end up increasing dependence on creditors by resisting IMF demands to cut next year’s budget deficit, former finance minister Peter Oszko said. The conflict “is about whether Hungary can have
      Bloomberg  -  308 words
    • 363 12 Bloomberg [TOKYO] Goldman Sachs Group has cut its growth forecasts for the world’s two largest economies on signs that stimulus boosts will wane. Japan will grow 1.4 per cent next year, compared with an earlier forecast of a 1.7
      Bloomberg  -  363 words
  • Page 12 Advertisements
    • 561 12 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) CC1 (S) PTE. LTD. (Company No. *****6102G) (2) CC2 (S) PTE. LTD. (Company No. *****7658K) (3) CC3 (S) PTE. LTD. (Company No. *****5710E) (4) JF HOLDINGS (S) PTE. LTD. (Company No. *****1888H) (5)
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    • 390 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NINETY-FIVE PTE. LTD. (Company Registration No. *****4464C) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held 26 Boon Lay Way #01-85 Tradehub 21, Singapore *****0
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  • MALAYSIA/INDONESIA
    • 984 13 Buoyant economy and stock market attracting much investor interest NEWS ANALYSIS NYT [JAKARTA] After years of being known for inefficiency, corruption and instability, Indonesia is emerging from the global financial crisis with a surprising new reputation economic golden child. The country’s economy, the largest
      NYT; REUTERS  -  984 words
    • 452 13 AP [JAKARTA] Indonesia’s an-ti-terrorism unit arrested a radical Islamist cleric yesterday for alleged ties to an Al-Qaeda-affiliated cell accused of plotting high-pro-file assassinations and Mumbai-style attacks targeting foreigners in Jakarta. Abu Bakar Bashir, who has been arrested twice before and spent several years in
      AP; AFP  -  452 words
    • 275 13 Bernama [PETALING JAYA] General Electric (GE) is actively looking into enhancing its presence in Malaysia’s healthcare industry, particularly tourism healthcare, said the president of GE Asean, Stuart Dean. “The local tourism-relat-ed healthcare sector is relatively small and there are lots of opportunities to tap the
      Bernama  -  275 words
    • 183 13 Reuters [JAKARTA] Indonesia state oil and gas firm PT Pertamina may restart a 230,000 barrels per day (bpd) Cilicap refinery unit this week, company officials said yesterday, helping to replenish gasoline and diesel supplies. A Pertamina official said the refinery unit, which
      Reuters  -  183 words
  • Page 13 Advertisements
    • 798 13 :*AT-=i NOTICES 0k Indian Bank (Head Office: 66 Rajaji Salai, Chennai 600 001, India) BALANCE SHEET AS ON 31 st MARCH, 2010 (Rs in thousands) As on 31.03.2010 As on 31.03.2009 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2010 (Rs in thousands) Year ended Year ended 31.03.2010
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  • GREATER CHINA
    • 484 14 Over 2,000 firms in 18 industries told to comply with closure orders by end-September Reuters AFP [SHANGHAI] China has ordered more than 2,000 companies in 18 industries, including cement, coking, iron, paper and dyeing, to shut outdated manufacturing capacity by the end of
      Reuters; AFP  -  484 words
    • 410 14 Many independent economists less bullish about growth Reuters [BEIJING] China’s economy will enjoy a strong, stable second half, putting it on course for full-year growth of about 10-11 per cent, a leading government economist said in comments published yesterday. The forecast
      Reuters; REUTERS  -  410 words
    • 221 14 AFP [BEIJING] Parents and doctors in central China fear that hormones in milk powder they fed their infant daughters have led the babies to prematurely develop breasts, state media reported yesterday. Medical tests indicated that the levels of hormones in three girls, ranging
      AFP  -  221 words
  • Page 14 Advertisements
    • 25 14 SUBSIDIARY OF Listen LIVEM Listen N.vadio9l3.com w .radio 1003.com Also hear us on: .iifrRMTS TIMES. /S> aslaone VSf rrzuf.t www.stomp.com.sg asiaone.com w ww.oir»ysg SS& STOMTSTIMES
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  • GREATER CHINA/INDIA
    • 597 15 ‘Normal’ rate of inflation now seen at 6-8% against 5% in recent years [MUMBAI] India is girding itself for a “new normal” of inflation running at 6 to 8 per cent, from the roughly 5 per cent considered acceptable by policymakers in recent
      REUTERS  -  597 words
    • 464 15 Reuters [HONG KONG] Rupert Murdoch’s News Corp yesterday said that it will sell control of its three Chinese TV channels to a fund backed by China’s No 2 media company, in a pullback from the market after years of difficulty. The
      Reuters  -  464 words
    • 356 15 India’s sales leap 38% in July; China’s up a mere 13.6%, lowest in 15 months Reuters [BEIJING] Car sales in China rose at their slowest in 15 months in July as the world’s largest auto market cooled further after a roaring 2009,
      Reuters  -  356 words
    • 366 15 AFP [NEW DELHI] India may loosen rules to allow foreign individual investors to invest in the country’s share markets as part of moves to reform Asia’s third-largest economy, a report said yesterday. A government panel set up to explore ways of
      AFP  -  366 words
  • Page 15 Advertisements
    • 152 15 Subscribe and Get Rewarded! The Straits Times Digital The latest news. Anytime, any Gu0 STRAITS TIMESDIGITAL:HTML tWO*K»I AM* Rising v»an forces rethi^ofChinao^ J ,1 tM .un n (re"**-"-! Worid SSTKS A W1*W A lMkk>ck >1 DM nrnl IIMlaricVaM*** ,»>« cnnWn«€Ml «!•<>- nsight THE s««mmy« Jri (■MhltMMMN Gain access to: Full
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  • ASIA-PACIFIC/WORLD
    • 699 16 UK drugmaker to pay US$198m over claims that Seroquel causes diabetes Bloomberg [LONDON] AstraZeneca plc will pay about US$198 million to settle 17,500 lawsuits, or about two-thirds of the total, alleging its antipsychotic drug Seroquel causes diabetes in some users. The settlements resulted from
      Bloomberg  -  699 words
    • 477 16 Bloomberg [SOUTHFIELD, MICHIGAN] Chrysler Group LLC, the US automaker run by Fiat, reported that net loss narrowed to US$172 million in the second quarter, benefiting from lower costs and higher US demand, while operating profits widened. Revenue rose 8.2 per cent to
      Bloomberg; AFP  -  477 words
    • 525 16 Mia Farrow also contradicts supermodel’s evidence AFP Bloomberg [THE HAGUE] Naomi Campbell received a late-night gift of diamonds which ex-Liberian dictator Charles Taylor had promised her over dinner just hours before, the supermodel’s former agent testified yesterday at Taylor’s war crimes trial.
      AFP; Bloomberg; AP  -  525 words
    • 442 16 Reuters [BANGKOK] A Thai court began a trial yesterday into alleged funding irregularities by the ruling Democrat Party, a case that could complicate a long-running political crisis in South-east Asia’s secondlargest economy. The Constitution Court case centres on mismanagement of an election campaign
      Reuters  -  442 words
    • 388 16 Australian regulator plans to rule on takeover proposals by Sept 9 Reuters [SYDNEY] Australia’s competition regulator has agreed to consult the market on National Australia Bank’s (NAB) proposals to salvage its US$12 billion takeover of AXA Asia Pacific, giving it a glimmer of
      Reuters  -  388 words
    • 895 17 Many forced to close as stock trading volumes tumble to a 4-year low Bloomberg [DUBAI] Stock brokers in the United Arab Emirates are struggling to make ends meet as trading volumes tumble to the lowest in four years, forcing some to close. The number of
      Bloomberg  -  895 words
    • 694 17 Bloomberg [CHICAGO] Wheat speculators slowed their bets on higher prices after the biggest monthly gain in Chicago Board of Trade (CBOT) futures in 37 years, a sign the rally may be peaking, according to Grain Service Corp. Speculators including hedge funds raised
      Bloomberg; AFP  -  694 words
    • 617 17 Engineers to drill final leg of relief well to seal leak AP [NEW ORLEANS] BP says its costs to respond to the massive oil spill in the Gulf of Mexico has risen to about US$6.1 billion. That includes expenses for relief well
      AP  -  617 words
    • 427 17 Some US$10m to be spent on R D for testing biofuels at Maui cane fields AP [HONOLULU] The US federal government has turned to a 130-year-old Hawaii sugar grower for help in powering the Navy and weaning the nation off a heavy reliance
      AP  -  427 words
    • 454 17 Currency lifted by EU-led regional aid, German economy Bloomberg [NEW YORK] The euro’s rally from a four-year low in June resulted in losses for followers of bears from Paul Volcker to Dennis Gartman. Since Mr Volcker, the 82-year-old former Federal Reserve chairman,
      Bloomberg  -  454 words


  • WORLD
    • 705 18 Cash flow, credit ratings could be affected; Berkshire spared disruptions Bloomberg [NEW YORK] American International Group says that new controls on Wall Street may force the insurer to raise capital, undergo stress tests and limit bets on private equity and hedge funds. The Dodd-Frank
      Bloomberg; BLOOMBERG FILE PHOTO  -  705 words
    • 312 18 AFP [LONDON] Artwork from the European branches of the collapsed US investment bank Lehman Brothers will go under the hammer in London next month in a £2 million (S$4.3 million) auction, administrators said yesterday. Works by Lucian Freud and Gary Hume will figure
      AFP  -  312 words
    • 573 18 Jodie Fisher says she never intended for him to lose his job Reuters [SAN FRANCISCO] The woman whose sexual harassment accusation against Mark Hurd led to his ouster as chief executive of Hewlett-Packard (HP) came forward yesterday, saying she never intended for Mr
      Reuters  -  573 words
    • 787 18 NYT [NEW YORK] Its fire-engine-red logo peeks out of fashionable handbags and from the back pockets of designer jeans. Bankers read it in first-class. Hipsters read it on the subway on their way to work. It’s The Economist. The newsweekly, a bible of global
      NYT  -  787 words
  • Page 18 Advertisements

  • AVIATION
    • 682 19 Business travellers drawn by prospect of oil deals despite high air ticket prices Reuters [BAGHDAD] Baghdad is getting back on the map of international airlines after 20 years of violence as the prospect of multi-billion oil deals lures business travellers. Gone
      Reuters; REUTERS  -  682 words
    • 313 19 AFP [MOSCOW] Thousands of air travellers were stranded yesterday as Moscow choked in the worst smog in living memory from spreading wildfires that threatened a second Russian nuclear facility. About 2,000 people were stranded at Moscow’s Domodedovo international airport when major delays hit
      AFP  -  313 words
    • 3002 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1920 SQ530 1920 Amsterdam SQ323 0605 AZ3993 0025
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    • 332 19 Bloomberg [BOSTON] Empresa Brasileira de Aeronautica SA, the world’s fourth-largest aircraft maker, will have a backlog of more than US$17 billion before the end of the year, said Luiz Carlos Aguiar, the company’s vice president of finance. The current backlog stands at US$16.2
      Bloomberg  -  332 words
    • 295 19 Bernama [KOTA KINABALU] Malaysia Airlines yesterday announced that it has chosen Kota Kinabalu to be its Eastern Hub, as the airline sets its eyes on China, Taiwan, North Asia, Indonesia and Australia markets. Its managing director cum chief executive, Azmil Zahruddin said the
      Bernama  -  295 words
    • 3363 20 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,363 words
  • Page 19 Miscellaneous
    • 302 19 CRYPTIC CROSSWORD Across 1 Disconcerted by return of leading ticket seller (3,3) 4 Decorate, with help from sailor (8) 9 Commotion across the French city (6) 10 Starts dance company with no restriction on labour (4,4) 11 Vehicle wear precedes sign of permanent damage (6,3) 13 Diplomas once protective of
      302 words

  • Page 20 Advertisements
    • 34 20 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES int. UUJIIMCJJ IIIVILJ SHIPPING TIMES
      34 words

  • SHIPPING
    • 937 21  -  The Republic must remain vigilant and innovative as markets change, says BJORN O TONSBERG BJORN O TONSBERG The writer is vice-president, Region Asia Pacific, Wilhelmsen Ships Service SINGAPORE has had tremendous success in establishing a strong and dynamic maritime cluster covering all commercial, financial, operational
      FILE PHOTO  -  937 words
    • 331 21 Bloomberg [MUMBAI] Jawaharlal Nehru Port, India’s busiest container harbour, was closed yesterday morning as hundreds of containers floated in the sea following a collision between two vessels on Saturday. It is unclear when the port will re-open, Dock Master B
      Bloomberg  -  331 words
    • 685 21 News fans worries about security in strategic waterway NYT [WASHINGTON] Investigators in the United Arab Emirates said on Friday that a terrorist attack caused the mysterious damage to a Japanese oil tanker last week as it passed through the Strait of Hormuz, raising
      NYT  -  685 words
  • Page 21 Advertisements

  • EDITORIAL & OPINION
    • 540 22 EDITORIAL JAPAN bewails the “strong yen” phenomenon and indeed the strength of the yen is a legitimate cause for concern. But there is also the problem of the “weak dollar”. Although these are different sides of the same coin they need to be
      540 words
    • 816 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is a professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT THE lights are going out all over America literally. Colorado Springs has made
      NYT  -  816 words
    • 1036 22  -  Society should gain economically and in well-being from the sharing of S’pore’s growth By HO KONG WENG The writer, an assistant professor at the Division of Economics, Nanyang Technological University, works on economic growth, social mobility, inequality, and happiness research, using both international and Singapore data.
      FILE PHOTO  -  1,036 words
    • 1510 23  -  Many believe that the govt food delivery system needs to be dismantled for something radical, like food coupons or cash By JIM YARDLEY NYT [JHABUA, India] INSIDE the drab district hospital, where dogs patter down the corridors, sniffing for food, Ratan Bhuria’s children are curled together
      NYT; AP  -  1,510 words
    • 870 23  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg IT SOUNDS more like a plot for a horror film than a legitimate news story. It began last week when Tokyo’s oldest man turned out to be
      Bloomberg; AP  -  870 words


  • SINGAPORE STOCKS
    • 9369 24 Week ended: Aug 6 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 11 3148 8Telecom 19 +1 4283 19.5 18 19 19.5 1.7 9.5 6.1 91 10.5 6 5834 A-Sonic
      9,369 words
    • 1885 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 5 5.5 27.8 4.8 225 130 6222 t APStrategic 195 -7 18 198 162 180
      1,885 words
    • 113 25 Stock name Close Change CapMallsAsia 2.130 CapitaLand 4.090 -0.030 CapitaMall 1.940 -0.010 CityDev 12.200 -0.100 ComfortDelGro 1.590 DBS Grp 14.620 F&N 5.630 -0.050 Genting SP 1.260 Golden Agri 0.605 +0.010 HK Land 5.400 -0.020 Stock name Close Change JMH 40.960 -0.140 JSH 24.100 +0.020 Jardine C&C
      113 words
    • 186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 8 2 0 0 0 8 8 2 Manufacturing 107 68 58 13 7 18 120 75 76 Commerce 33 16 32 10 4 5 43 20 37 Tpt/Stor/Comms 15 19 10
      186 words
    • 863 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 115 +1 13 115 114.5 114 118 525 913 710 CIMBAsean40 100US$ US910 +8 126 913 897
      863 words
    • 261 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 30 6000 AVJennings A43 40.5 44 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US26.5 +1 *****3 29.5 25 26.5 27
      261 words
    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 118,435 118,435 333,541 333,541 Manufacturing 2,224,367 219,957 2,444,324 1,438,147 20,593 1,458,740 Commerce 469,427 119,097 588,524 598,998 26,938 625,936 Tpt/Stor/Comms 733,737 2,756 736,493 1,158,318 314 1,158,632 Finance 113,977 3,205 117,182 914,382 338 914,720 Construction 128,918 108,563
      123 words

  • Page 25 Advertisements
    • 50 25 Job se made easy X ff >■ <tuSearching for a job at Jobs.ST701 .com is no sweat at all! With improved features like our sophisticated job-match technology, job application-management panel and new one-click resume auto-generator, we bring you one step closer to your ideal job. The Leading Online Marketplace 701
      50 words

  • FINANCE & COMMODITIES
    • 374 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 6 Index Change Change Change Change Change Change World Index Preliminary 817.1 -0.9 -1.9 -1.0 -5.8 -0.5 -1.9 EAFE Preliminary 758.4 -0.5 -3.4 -0.1 -7.5 0.3 -3.7 Europe Preliminary 1103.3 -1.0
      374 words
    • 181 26 Aug 6 $S Offer Bid Overnight 1/16 1/32 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.40 0.30 1 month 0.55 0.35 2 months 0.60 0.40 3 months 0.65 0.45 6 months 0.80 0.60 9 months 1.00 0.80 12
      181 words
    • 22 26 Aug 6 S$ Bid Offer 1-month 1.3494 1.3507 2-months 1.3493 1.3505 3-months 1.3491 1.3504 6-months 1.3485 1.3497 Source: OCBC
      22 words
    • 131 26 Aug 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 327.0 325.0 327.0 51 Oct 10 322.0 Nov 10 322.0 Dec 10 319.5 Jan 11 319.5 Feb 11 319.5 Mar 11 319.5 Apr 11 319.5 May 11
      131 words
    • 86 26 Aug 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04.11.2010 0.28 0.22 0.22 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.32 5-Year N*****0N 1.375 01.10.2014 103.11 7-Year N*****0Z
      86 words
    • 105 26 Aug 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1059.00 1055.00 1061.25 1046.50 Sep 10 1039.00 1034.75 1041.25 1025.25 Nov 10 1033.50 1029.00 1035.25 1019.50 Jan 11 1039.50 1034.50 1041.00 1026.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 41.39 41.26 41.62
      105 words
    • 77 26 CRUDE OIL PRODUCTS Aug 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.21 -0.57 WTI (Near Mth) 80.86 -1.28 Dubai (1-Mth F) 79.33 -0.37 Tapis blend 85.15 -0.50 Minas 81.85 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.27 0.11 Jet Kerosene 92.55 -0.70 US$/barrel Opec Oil
      77 words
    • 2483 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -3 4.88 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 1 87 2088
      2,483 words
    • 133 26 Aug 6 As at 9am Aug Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2260 1.2620 Can dollar 1.3220 1.3380 Euro 1.7730 1.7940 NZ dollar 0.9780 1.0000 Sterling pound 2.1370 2.1620 US dollar 1.3450 1.3610 Local dollars to 100 units of
      133 words
    • 23 26 Aug 9 Open High Sett STI Aug SIMSCI Aug Taiwan Aug 280.8 283.1 282.4 Source: MF Global (S) Pte. Ltd
      23 words
    • 66 26 Aug 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2811 2822 2831 2811 751 1781 Sep 10 2728 2762 2770 2723 1644 ***** Oct 10 2686 2730 2736 2686 ***** ***** Nov 10 2678 2721
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    • 400 26 Aug 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6050 0 1074 Dec10 99.5650 0 3079 Mar11 99.4950 0 2751 Jun11 99.4000 0 2281 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6525 99.6500 99.6525 1 3454 Dec10 99.6950 0 1506 Mar11 99.7100 17 2043 Jun11 99.7150 39
      400 words
    • 465 26 Aug 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.932 6.212 0.695 7.126 42.235 82.028 0.790 10.662 2.887 1.258 78.674 41.212 1.239 6.649 0.962 29.125 29.428 0.577 0.918 Canada 1.073 6.667
      465 words
    • 85 26 Aug 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 26 Aug 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2383 1.2400 0.9175 0.9180 Canadian dollar 1.3290 1.3308 0.9847 0.9852 Euro 1.7809 1.7832 1.3196 1.3201 NZ dollar 0.9841 0.9858 0.7292 0.7298 Sterling pound 2.1478 2.1502 1.5914 1.5918
      154 words
    • 138 26 Aug 9 GOLD (US$/oz) Aug 09 Aug 06 Hong Kong 1208.70 1197.40 Aug 06 Aug 05 London 1208.20 1192.90 1208.95 1193.65 Source: Thomson Reuters CAST BAR Aug 06 (S$) Selling Buying Kilobar "55,774.82" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125.19 52 5gm 355.24 260 10gm 633.44
      138 words
    • 70 26 Aug 6 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2181.75 2191.25 3 months 2191.00 2200.00 Copper, Grade A (US$/tonne) Cash 7344.75 7371.00 3 months 7370.00 7399.00 Lead (US$/tonne) Cash 2135.50 2160.25 3 months 2161.00 2185.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 82 26 Aug 6 COCOA (£/tonne) Close Prev High/Low Sep 10 2193 2292 2297/2179 Dec 10 2106 2180 2190/2098 Mar 11 2090 2160 2157/2082 May 11 2105 2167 2170/2096 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1718 1740 1756/1708 Nov 10 1740 1760 1775/1730 Jan 11 1732 1745 1760/1719 Mar 11
      82 words

  • PROPERTY
    • 429 27 Bloomberg [SEATTLE] The percentage of US homeowners who owe more than their properties are worth declined in the second quarter as tax credits boosted prices in California and foreclosures surged, a real estate data provider said. The company, Zillow.com found that 21.5 per
      Bloomberg; BLOOMBERG  -  429 words
    • 438 27 Bright future prospects, says Real Estate Association Bernama [KUALA LUMPUR] The Real Estate and Housing Developers’Association Malaysia (Rehda) is optimistic of the future prospects of the property market in Malaysia. “For the first half of this year, the Rehda Property Industry Survey for first half
      Bernama  -  438 words
    • 525 27 Drop of 3.9% adds to signs that interest rate hikes by RBA cooling demand Bloomberg [SYDNEY] Australian home-loan approvals fell in June, after gaining in May for the first time in eight months, adding to signs that the most aggressive round of interest-rate gains by
      Bloomberg  -  525 words
    • 379 28 Transactions down 20% from 2 months ago, investors decline by 50% Bernama [HANOI] The villa and townhouse market in Hanoi has stagnated over the last two months, Vietnam’s news agency quoted industry insiders as saying last week. “At the moment, the number of transactions
      Bernama  -  379 words
    • 201 28 Reuters [BEIJING] China’s trust firms are channelling a growing amount of money to real estate developers eager for access to credit, but such funding might be curbed later this year, the China Business News reported yesterday. Trust companies invested 80.2 billion yuan (S$16 billion) in
      Reuters  -  201 words
    • 237 28 Reuters [BEIJING] Property prices in China’s major cities will fall later this year because of the government’s tightening campaign and a coming surge in housing supply, the country’s top listed developer said in comments published yesterday. The government will not end its
      Reuters; REUTERS  -  237 words
    • 225 28 Reuters [LONDON] British property investor Quintain Estates and Development has sold Pier Walk at its Greenwich Peninsula development near London’s Canary Wharf to a unit of Germany’s largest open-ended fund manager DekaBank. Deka Immobilien GmbH paid £97.1 million (S$208.7 million) in cash
      Reuters  -  225 words
    • 786 28 Cache contains over 25,000 sketches of Philip Johnson NYT [NEW YORK] A huge and previously unknown trove of archival material from Philip Johnson’s architectural practice including his hand-drawn sketches for towers that helped define postmodern architecture is to be put up for
      NYT  -  786 words
  • Page 27 Advertisements
    • 317 27 tk Lianhe Zaobao SMEs A brand is a promise to customers fJiSKIISIN mstiiiign*)s To subscribe, call 6388-3838 or go to sphsubscription.com.sg MATS NOTICES nI n In tthematter TheCompaniesAct, Cap. 50 And nI n In ttheMatter ZHISEN BUILDIN CONSTRUCTION(PTE) (Compan *****339Z) (Incorporated he epublic Singap NNOOTICE CREDITORSOFMEETIN Notice hereb given, pursuant
      317 words
    • 1414 27 BEATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES DMX TECHNOLOGIES DMX TECHNOLOGIES GROUP LIMITED (Incorporated in Bermuda on 29 October 2001) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a special general meeting (the "SGM") of DMX TECHNOLOGIES GROUP LIMITED (the "Company") will be held
      1,414 words
    • 24 27 Newly restored office space 13,713 sqft, over 4 floors City Hall MRT Parking available Single tenant preferred FOR VIEWING CALL 9686 1113 Premiere Realty
      24 words

  • Page 28 Advertisements
    • 133 28 Novena Site for High Rise Condo 6227 *****3 Aug 2010 (Mon), 2.30 pm, Tender Closing onr140aptsofavera 23 Aug 2010 (Mon), 2.30 pm Subject Site A L an d E n bl oc S a l es O ffi ce B u ildi n g s P ro j ec t
      133 words
    • 126 28 Cove Mb 6V6LVN NG 9847-6899 Newsman Realty Pte Ltd Elegant 6800/8000sqft 2 1/2 storey modern home Gracious master suite Lovely golf course views Asking $2800psf Treasure Island (3viiias)| Ranging fm 8500 12,000sqft land Variants of 9000 12,000sqft built-up Resort-like, faces waterway Each with private berth Asking $2800psf Paradise Island 8000sqft
      126 words