The Business Times, 3 September 2010

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30885
Total Pages: 40
1 40 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, September 3,2010
    22 words
  • Article
    Lock icon Mega IPOs primed to give year a bang
    984 1  -  Expected offerings by GIC, Mapletree and China shipbuilder whet market’s appetite By LYNETTE KHOO [SINGAPORE] After a slow start to the year, the market for initial public offerings (IPOs) may still end 2010 with a bang if some highly anticipated mega IPOs
    984 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,986.66 (+3.83) ST INDEX FUTURES 2,983 (unch) SIMSCI 352.96 (+0.17) SIMSCI FUTURES 353.00 (+0.70) FOREX US$ S$ US$ (S$ per US$) 1.348 (US$/S$ per 1.539 2.075 EURO (US$/S$/E) 1.279 1.724 Foreign currency per US$ S$ YEN 84.20 62.40 RM 3.129 2.321 HK$ 7.775 5.768 BAHT 31.16
    141 words
  • Article
    Lock icon For S’pore, the dog wags the productivity tail
    531 1  -  Top US economist weighs in on country’s productivity debate By ANNA TEO [SINGAPORE] There has been no secular decline in Singapore’s productivity, says a leading American labour economist. According to Edward Lazear, Singapore’s low productivity in the last few years reflects more
    531 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      95 1 WINE A toast to long-term cellaring PAGE 37 DANCE Rio Carnaval comes to town CURRENCY Thailand keeps close eye on soaring baht PAGE 4 F1 GUIDE Race to have fun PAGE 36 PAGE THE VENICE ARCHITECTURE BIENNALE Singapore says it in style EXECUTIVE LIFESTYLE ?PAGES 40 and 38 PATRON OF
      95 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      15 1 He advised Bush when US economy was on the brink of an abyss, Page 4
      15 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      570 2 Mega IPOs primed to give year a bang AFTER a slow start to the year, the market for initial public offerings may still end 2010 with a bang if some highly-anticipated mega IPOs make their way here. Industry players are expecting at least three blockbuster listings by the
      570 words
    • Article
      Lock icon New Lakeside auditors flag possible misrepresentations
      514 2  -  Matter brought to attention of audit committee and Minister of Finance By JAMIE LEE [SINGAPORE] Auditors of New Lakeside Holdings said fraudulent misrepresentations may have been given to them during the audit of the fiscal 2009 financial results. The chairman of the audit committee
      514 words
    • Article, Illustration
      Lock icon Fed could have tackled risks better: Bernanke
      582 2 Bloomberg Reuters AFP [WASHINGTON] Federal Reserve chairman Ben Bernanke says the US central bank and other regulators could have done a better job tackling mortgage and banking risks that helped precipitate the worst financial crisis in seven decades. “The Fed was slow to
      Bloomberg; Reuters; AFP; REUTERS  -  582 words
    • Article, Illustration
      Lock icon Thailand keeps close eye on soaring baht
      444 4 Currency hits 29-mth high; central bank says move in line with regional trend AFP [BANGKOK] Thailand yesterday ordered the central bank to keep a close eye on the baht and “prepare measures” after the currency soared to a 29-month high against the US
      AFP  -  444 words
    • Article
      Lock icon Big MRT improvements planned over 10 years: LTA
      468 4  -  By NISHA RAMCHANDANI [SINGAPORE] New initiatives are in the works to upgrade and expand Singapore’s rail network over the next decade, with the Jurong East MRT Station modification project the first to be completed next year. The plans were first revealed by
      468 words
    • Article, Illustration
      Lock icon He advised Bush when US economy was on the brink of an abyss
      1305 4  -  By ANNA TEO [SINGAPORE] It was the best of times and the worst of times, says Edward Lazear of his stint as chief economic adviser to expresident George W Bush from 2006 to 2009. The Stanford University
      YEN MENG JIIN  -  1,305 words
    • Article
      Lock icon Botox maker to pay US$600m to settle charge
      514 4 NYT [ATLANTA] The maker of anti-wrinkle agent Botox has reached a US$600 million settlement with federal prosecutors in Atlanta and agreed to plead guilty to illegal promotion of the product. Under the agreement, Allergan Inc will plead guilty to a misdemeanor charge
      NYT  -  514 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      177 2 E v 1 mm W servcorp.com.sg Or Google "Servcorp' r >' *>? World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call
      177 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      69 2 For Sale Prime Land in Devanahalli Bangalore Strategically located within 5 min from New Airport (BIAL) 25 acres (103,000 sq.mts.) land facing the highway Clear titles, owned by corporate Best suited for developments like IT SEZ (approved), Residential, Hospitality, Healthcare or Corporate Campus For further information, please text or write
      69 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      135 3 A. Lange Sohne Datograph SINCERE FINE WATCHES ACQUIRED IN 2002 by Dr Alvin Hong, Neurosurgeon u ft r -r> s*i \m npf/m mm m ixV> N a® \\M a res a 1 m L\ V<* lis V* 1 S& V K-. r fev't vV £&j Li v 1 -v. i:
      135 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      115 4 GREEN SL PROJECTOR World's First* Mercury-Free High-Brightness Projector XJ-A135 visit www.casioproiectors.com.Sig for more details CASIO Singapore Pte Ltd (Sales Marketing Division) 210 Middle Road #10-06 101 Plaza Singapore *****4 Tel (65) 6338 3225 Fax (65) 6338 3226 www.casioprojectors.com.sg Among data projectors with a brightness of 2,000 lumens or more. Source:
      115 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      205 5 ORCHARD SCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 1 UXm el a W! 10^ Vf L [gifiififiii' .5%■IMiiaiMMiiiMHB' una f| xfe j I 4 ~r hJ t, isSi W' The luxury of space. In the heart of Orchard Space is a true expression of luxury. At Orchard Scotts,
      205 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article
      Lock icon Securities trading volume, value firm in August
      363 6  -  For Chinese firms, market turnover slips 2.5% from July to $2.72b last month By JAMIE LEE SECURITIES trading volume and value firmed in August but were lower than a year ago. Average daily value in August rose 10.3 per cent from July to
      363 words
    • Article
      Lock icon Genting HK: a turnaround story
      659 6  -  HOCK LOCK SIEW By VEN SREENIVASAN SOMETIMES the headlines don’t tell the whole story. A case in point is the recent results of Genting Hong Kong. The company recently reported a first-half net profit of US$12 million, reversing a loss of US$34.5 million during the
      659 words
    • Article
      Lock icon BNP Paribas’ call: China big-caps on A, H markets
      442 6  -  It says risk profile of Chinese market better than the valuations imply By LYNETTE KHOO BNP Paribas, which recently upgraded its call on China to “overweight” from “neutral”, recommends buying into the large caps listed on the A-share and H-share markets.
      442 words
    • Article
      Lock icon Super TDR issue price fixed at NT$14 apiece
      388 10  -  By KAREN NG SUPER Group, formerly known as Super Coffeemix Manufacturing, said the issue price of its 40 million Taiwan Depository Receipts (TDRs) has been fixed at NT$14 (S$0.59) apiece. Trading of the TDRs begins on Sept 9. Two TDRs (costing NT$28
      388 words
    • Article
      Lock icon Legal battle over shipyard leads to lower price-tag for PPLH
      655 10  -  Key amendments will enable deal to go through even before the case is concluded By JOYCE HOOI AS the battle over PPL Shipyard wends its way through the courts, the Yangzijiang Shipbuilding consortium’s US$155 million bid for PPL Holdings (PPLH)
      655 words
    • Article
      Lock icon Hyflux, Sembcorp have good global prospects: report
      397 10  -  By MELISSA TAN SINGAPORE’S water firms are well placed to take advantage of increasing investment by governments in water infrastructure worldwide, according to a Credit Suisse report. Estimating that 37 per cent of the global population, or 2.8 billion people, would face “absolute
      397 words
    • Article
      Lock icon Silkair gets new CEO from Oct 11
      230 10  -  By VEN SREENIVASAN SILKAIR will have a new chief executive from Oct 11. Singapore Airlines (SIA) divisional vice-president for customer service Marvin Tan takes over from current CEO Chin Yau Seng who will return to parent SIA as divisional vice-president for cabin crew
      230 words
    • Article, Illustration
      Lock icon StarHub unveils new corporate services
      654 12  -  Telco seizing market opportunity as Next-Gen NBN opens for business By WINSTON CHAI THE arrival of Singapore’s new fibre-optic network gives StarHub a chance to re-enter the exiled market for providing corporate connectivity and the operator is wasting no time in seizing this market opportunity.
      BLOOMBERG  -  654 words
    • Article
      Lock icon 8 S'pore firms debut on Best-Under-A-Billion list
      426 12  -  But all the five firms featured last year in Forbes list fail to make it this time By JOYCE HOOI THIS year’s local showing on the Forbes list of the best 200 Asia-Pacific companies with turnover of less than US$1 billion reflected a
      426 words
    • Article
      Lock icon Semb Utilities to enlarge footprint in Shenyang
      203 12  -  Company signs two agreements to explore prospects in water services By JOYCE HOOI AS part of its expansion in China, Sembcorp Utilities entered into two framework agreements in the Shenyang area, its parent company Sembcorp Industries announced yesterday. Both agreements one signed with
      203 words
    • Article
      Lock icon SMX clears its first trading, clearing cycle
      264 12  -  Its current focus is building a strong base for its systems By FELDA CHAY SINGAPORE Mercantile Exchange (SMX), hailed as the first pan-Asian commodity and currency derivatives exchange, said yesterday that it has successfully completed its first trading, clearing and settlement cycle. With
      264 words
    • Article
      Lock icon Eratat bets on fashionable Chinese for growth
      389 12 Reuters [SINGAPORE] Footwear and apparel maker Eratat Lifestyle, which is expanding its retail footprint in China, may enter the big league and open its first store in the country’s fashion capital, Shanghai. Formerly known as China Eratat Sports Fashion, the firm started out
      Reuters  -  389 words
    • COMPANY BRIEFS
      • Article
        Lock icon NZ Farming recommends Olam bid
        97 12 NZ FARMING Systems Uruguay has recommended that its shareholders accept Olam International’s takeover offer. The recommendation comes a week after Olam revised up its price to 70 NZ cents a share from 55 NZ cents after Uruguay’s Union Agriculture Group put in a rival bid.
        97 words
      • Article
        Lock icon TEE unit takes over MBS workers’ dorm
        106 12 TEE International said that its subsidiary, PBT Engineering Pte Ltd, has taken over the Marina Bay Sands Workers’ Dormitory and will be operating it for nine months from Sept 1 under the preview of Building Construction Authority. This facility, which comprises two blocks
        106 words
      • Article
        Lock icon JP Pepperdine buys Hoshigaoka
        65 12 JP PEPPERDINE, owner of well-known F&B brands Jack’s Place, Eatzi Gourmet and Brewbaker’s kitchen bar, announced the acquisition of Restaurant Hoshigaoka recently. No financial details were provided. Restaurant Hoshigaoka was first opened in Singapore at the Apollo Hotel in 1972. Initially named Hoshigaoka Saryo, the restaurant
        65 words
      • Article
        Lock icon STATS ChipPAC in capital reduction
        59 12 STATS ChipPAC has proposed to reduce its issued share capital by US$600 million. Shareholders may stand to receive around 27 US cents in cash for each issued ordinary share held. The company will hold an extraordinary general meeting on Sept 27 to seek shareholder approval
        59 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      737 6 ©YAMAHA www.yamaha.com.sg A Proud Heritage of Innovation, Leadership and Achievement Yamaha Grand Piano Fair 11 12 September 2010, Saturday Sunday, 10am 9pm, Yamaha Retail Store Plaza Singapura Welcome a World of Music into your Home and Commercial Establishments G m t 1 TP Listen ■*0L Hotels, Bars Restaurants disklavien The
      737 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      157 7 For more information please visit www.porsche.com.sg You can't look into the minds of our engineers. But you can see what they're thinking. The 911 GT3 RS. The objective: more power, increased driving dynamics, less weight. The means: an engine producing 450 hp at 7,900 rpm. And uncompromising lightweight construction to
      157 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Early push gives way to late selling
      567 8  -  STI’s gain sliced from 31 pts to 3.8 pts; HK’s firm finish offset by weak opening in Europe STOCKS R SIVANITHY Senior Correspondent AS correctly pointed out in this column yesterday, the Straits Times Index’s 32-point jump on Wednesday was thanks to program
      Source: Bloomberg  -  567 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Sep 2 VALUE CLOSE BT OB/OS -214.00 -76.00 BT CADI -*****.00 +64.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 725.72 +1.20 FTSE ST Small Cap 536.20 +0.81 FTSE ST All Share 735.42 +1.00 FTSE ST China Top 265.23 -0.16 FTSE ST China 298.59 +1.65 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Genting SP 255,754,000 Adventus 55,859,000 Vallianz Hldgs 53,677,000 UniFiber 52,986,000 Noble Grp 40,466,000 Transcu Grp 38,519,000 Informatics 37,088,000 Pac Andes 36,387,000 Baker Tech 36,220,000 *Genting HK US$ 31,090,000 VALUE($) Genting SP 456,671,040 DBS Grp 76,013,670 Noble Grp 66,377,260 SingTel 56,024,707 UOB 55,094,820 Wilmar 48,357,570 NOL 32,752,320
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 6 0 0 0 9 4 6 Manufacturing 52 42 91 9 1 15 61 43 106 Commerce 25 15 25 3 5 3 28 20 28 Tpt/Stor/Comms 19 7 17
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore banks
        411 8 DBS Vickers Securities, Sept 2 M-O-M loan growth momentum moderated: July 2010 m-o-m loan growth was slower at 0.7 per cent compared to an average of 0.9 per cent over January to June. July YTD loan growth stood at 6.2 per cent. Loans continued to be driven by
        411 words
      • Article
        Lock icon Yangzijiang Shipbuilding
        558 8  -  Yangzijiang Shipbuilding Sept 2 close: $1.60 OCBC Investment Research, Sept 2 Compiled by LYNETTE KHOO New shipbuilding contracts: Yangzijiang Shipbuilding recently announced that it has entered into 28 shipbuilding contracts worth a total of US$914.98 million since July 1. Eight of these are container ships and the rest
        558 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,755 18,755 57,602 57,602 Manufacturing 316,225 34,116 350,341 228,881 7,187 236,068 Commerce 112,049 120,948 232,997 131,987 17,010 148,997 Tpt/Stor/Comms 121,189 325 121,514 208,028 32 208,059 Finance 15,891 10 15,901 176,020 1 176,021 Construction 72,696 7,318
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.170 +0.060 CapitaLand 3.910 CapitaMall 1.970 CityDev 11.180 +0.080 ComfortDelGro 1.530 +0.020 DBS Grp 14.120 +0.040 F&N 5.570 -0.060 Genting SP 1.760 -0.040 Golden Agri 0.580 HK Land 5.540 +0.080 JMH 42.820 -0.340 JSH 24.580 +0.160 Jardine
      109 words
    • Article, Illustration
      Lock icon Euro inches higher against greenback
      454 8 CURRENCIES Reuters [NEW YORK] The euro edged up yesterday supported by healthy results at Spanish and French bond auctions and stable global equities, but investors remained cautious ahead of a key reading on the US labour market on Friday. The European Central Bank earlier left
      Reuters; BLOOMBERG  -  454 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 266.8 1.7 DBXT FTVietnam 10US$ 3891 199.4 4.0 Jardine C&C 3470 152.0 4.6 DBXT iBoxxKR 5US$ ***** 134.7 0.9 DBXT SPASX200 10US$ 2922 80.8 2.1 DBXT FTChina25 10US$ 2914 78.2 2.0 DBXT S&P500 10US$ 1703 75.5 3.4 DBXT STGLDv100 10US$ 2555
      111 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5342-153.6 -2.1 JMH 4282 -45.8 -0.8 GLD 10US$ ***** -40.4 -0.2 UOB 1862 -28.0 -1.5 UOB 5.05%NCPS 100 ***** -12.0 -0.1 UOB.ES.1009 1870 -10.0 -0.5 Great Eastern 1592 -8.0 -0.5 F&N 557 -6.0 -1.1 SATS 275 -6.0 -2.1 ChinaVision 2K HK$
      120 words
    • Article
      Lock icon CURRENCIES
      84 8 Sep 2 CHNG YR 2010 CLOSE FR Sep 1 S$ LOW S$ HIGH US$ 1.3464 0.21 1.4219 1.3464@ Euro 1.7261 -0.03 2.0153 1.6886 Pounds 2.0708 0.26 2.2831 2.0003 A$ 1.2233 -0.15 1.2960 1.1515 Yen* 1.6015 0.18 1.6080 1.4467 Rupiah* 0.***** 0.19 0.***** 0.***** Baht* 4.3216 0.11 4.3611 4.1977 Peso*
      84 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      107 9 JOY HAS ITS REWARDS. BMW. RANKED THE MOST VALUABLE AUTOMOTIVE BRAND IN THE WORLD.' It's a simple philosophy really. When you follow something you have a passion for, you give it your all, and inevitably, success is a natural outcome. Over the years it's this joy we put into creating
      107 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      327 10 SINGAPORE'S 00*33 IT CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg W-i NOW ON 2 nd 5™ SEPTEMBER SUNTEC SINGAPORE LEVELS Q> Q, O O 12 Noon 9 pm Daily FREE ADMISSION Comex Special Pull-out In Life Sept (Thi TODAY on 2nd Sept (Tnurs) Digital LiTe on 1st Sept (Wed) The Straits Times on
      327 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      315 10 PAPUA NEW GUINEA PORT MORESBY PRIVATE HOSPITAL EXPRESSIONS OF INTEREST Papua New Guinea (PNG) is undergoing one of the most significant economic development phases in its 35 year history since obtaining independence from Australia in 1975. Estimates of revenues from the recently concluded contract to construct one of the largest
      315 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 3
      253 10 Expressions of Interest Sought Loan and Security for Sale On 30 August 2010 Cosimo Borrelli and G Jacqueline Fangonil Walsh of Borrelli Walsh Limited, and Georges Chung of BDO Mauritius (together ~Receivers~) were appointed joint and several receivers of a loan facility and associated security (~Loan Contracts~). The US$35,000,000 loan
      253 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      139 11 w^m www.vw.com.sg mi HI Grrrrrr! m s rs Tiguan r i i o s I The new Tiguan, with 7-speed DSG. Now you can unleash your wild side on all kinds of terrain, even city streets. The compact SUV now comes with a 7-speed DSG automatic gearbox that gives seamless
      139 words
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      24 13 FOR A LIFESTYLE LESS ORDINARY NOW ACCEPTING RESERVATIONS SKYPARKAT MARINA BAY San SINGAPORE HT Preferred Cards www. kudeta.com.sg reservation@kudeta.com.sg Tel: 6688 7688 UOB CARDS
      24 words
Page thumbnail Page 14
  • SINGAPORE NEWS
    • Article
      Lock icon PMI in August down after 15 straight months of growth
      447 14  -  Index slips to 49.4; economists unfazed by the winding-down By TEH SHI NING SINGAPORE’S manufacturing economy shrank in August for the first time after 15 straight months of growth. But economists are not alarmed. They say a winding-down after production
      447 words
    • Article
      Lock icon GIC Real Estate hires India country head
      280 14 THE Government of Singapore Investment Corporation’s real estate arm (GIC Real Estate) has hired Kishore Gotety, who was most recently at RREEF Alternative Investments, as its country head for India. GIC confirmed the appointment and said that Mr Gotety’s appointment was effective from
      280 words
    • Article, Illustration
      Lock icon New rules cool PR hunt for resale flats
      675 14  -  Some delay house hunting to digest latest govt moves By EMILYN YAP NEW rules that prevent people from owning both public and private properties appear to have discouraged some permanent residents from buying resale flats here at least for now. Some agents
      675 words
    • Article
      Lock icon S'pore, Liaoning sign MOU; 4 other deals also inked
      402 14  -  IE Singapore will help further develop Changxing island By TEH SHI NING SINGAPORE and Liaoning yesterday signed a memorandum of understanding (MOU) to further develop Changxing Island, where several Singapore companies have invested in projects. This took place at the fifth
      402 words
    • Article
      Lock icon Committee for arts and culture review set up
      435 14  -  SOTA chairman will helm the 19-member steering commitee By MELISSA TAN THE Ministry of Information, Communications and the Arts (MICA) yesterday announced the formation of an Arts and Culture Strategic Review (ACSR) Steering Committee. Made up of 19 representatives of the public
      435 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SPH raises $150,000 more for charity
        76 14 THE Chinese Newspapers Division of Singapore Press Holdings has raised $150,000 for the President’s Challenge 2010 through direct donations and the sale of tables at its charity gala dinner. The dinner was held last night at the Mandarin Orchard Singapore in conjunction with a
        76 words
      • Article
        Lock icon Singapore to host IP forum
        61 14 THE third Global Forum on Intellectual Property (IP) will be held on Jan 6-7, 2011, at Raffles City Convention Centre. It will bring together influential professionals and industry leaders to discuss critical IP issues and global trends. The event will be hosted by the IP
        61 words
      • Article
        Lock icon OCBC to sponsor cycling event
        86 14 OCBC Bank will be title sponsor for the 2011 and 2012 OCBC Cycle Singapore events. More than 9,100 cyclists participated in the 2010 OCBC Cycle event, according to event management company Spectrum Worldwide. OCBC spokeswoman Koh Ching Ching said: “The growth in this year’s event
        86 words
      • Article
        Lock icon Demand for MIT game lab interns
        92 14 THE Singapore-MIT GAMBIT Game Lab yesterday said there has been strong industry demand for its interns after their summer stints at the Massachusetts Institute of Technology (MIT). Under the internship programme, local tertiary students are sent to MIT, where they create games based on
        92 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Ozawa wants tougher moves to foil yen rise
      888 15  -  In televised debate with PM, challenger seen as stronger on policy issues By ANTHONY ROWLEY in Tokyo VETERAN Japanese politician Ichiro Ozawa, who has a strong chance of replacing Nato Kan as Japan’s prime minister this month, yesterday revealed his strategy for
      AP  -  888 words
    • Article, Illustration
      Lock icon US must find will for more stimulus: outgoing adviser
      540 15 Reuters NYT [WASHINGTON] The United States must find the political will for more economic stimulus, even if it pushed up the fiscal deficit in the short run, Christina D Romer, chairwoman of President Barack Obama’s Council of Economic Advisers, said in
      Reuters; NYT  -  540 words
    • Article
      Lock icon Fed officials against monetary easing
      380 15 Lowering rates won’t solve the jobs problem, they say Reuters [HOUSTON] The US central bank should not rush into more monetary easing, which would do little to lower the high US unemployment rate, two top Federal Reserve officials said on Wednesday. The Fed should only
      Reuters  -  380 words
    • Article
      Lock icon S Korean won soars, bonds fall
      263 15 IMF says the currency is undervalued; it also raises its forecast for the economy Bloomberg [SEOUL] South Korea’s won rose to its strongest level in two weeks after the International Monetary Fund said the currency was “undervalued” and raised its economic growth forecast for
      Bloomberg  -  263 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      176 15 o B \C» J w* <<r/, i V IBM I k Luxurious resort living is now but a hop and a jump away. Visit Our Sales Gallery Date Saturday, 4 September 2010 Sunday, 5 September 2010 Time 11 am 6 pm Venue Sales Gallery at KOP Group #12-02 SGX Centre
      176 words
Page thumbnail Page 16
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Realmild suit: Shares belonged to Umno
      645 16  -  M’sian businessman told court why he couldn’t claim for money paid; said he clarified the issue with Dr M By Kuala S JAYASANKARAN in Kuala Lumpur A MALAYSIAN businessman testified in the High Court yesterday that he was told by former premier Mahathir Mohamad
      645 words
    • Article, Illustration
      Lock icon Jakarta plans infrastructure, green investment bonds
      497 16 Reuters [HONG KONG] Indonesia is looking into infrastructure and green bonds, a senior adviser to the government said yesterday, as the biggest economy in Southeast Asia is in need of billions of dollars for the sector’s development. Green bonds are taxexempt bonds issued to
      Reuters; REUTERS  -  497 words
    • Article
      Lock icon Malaysia keeps interest rates unchanged
      375 16 Bloomberg [KUALA LUMPUR] Malaysia’s central bank left interest rates unchanged after three consecutive increases, choosing to support growth as the global recovery slows. Bank Negara Malaysia kept its benchmark overnight policy rate at 2.75 per cent, it said in a statement here yesterday, a decision
      Bloomberg  -  375 words
    • Article
      Lock icon M’sia, Indon dispute may go to int’l court
      194 16 AFP [KUALA LUMPUR] Malaysia said yesterday its ongoing maritime border spat with Indonesia, which flared again recently, triggering angry protests, could end up in the International Court of Justice. Deputy Foreign Minister Richard Riot Jaem said both countries erred in the latest
      AFP  -  194 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1554 16 adv ,I I, RRaimondoJohnSarich,bachelor 60Bayshor Rd#08-05,(S)*****2intend marr ichelle TThenSu ungsingle 635C unggolDr#10-629, (()S S) *****5 BulgariHotels Resor Bali,Uluwatu Bali-Indonesiaon2-Ot-2010.An person wing fo f of an wfulimpediment themarriageshould withoutdela notifythe onsular tion,British High ommission Singapor 100 anglin Road (S) *****9. IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF
      1,554 words
Page thumbnail Page 17
  • GREATER CHINA
    • Article, Illustration
      Lock icon Ping An seeks control of Shenzhen bank
      618 17 Insurer will pay 29b yuan to raise stake in Shenzhen Devt to 52.39% Bloomberg [BEIJING] Ping An Insurance (Group), China’s sec-ond-largest insurer, will pay 29.1 billion yuan (S$5.75 billion) for a stake that will give it control of Shenzhen Development Bank and bolster
      Bloomberg; BLOOMBERG  -  618 words
    • Article
      Lock icon Market access to foreign firms getting worse
      416 17 AP [BEIJING] China has failed to honour promises to the World Trade Organization to open its oil and phone markets, a European business group said yesterday, adding to complaints of worsening conditions for foreign companies. European companies believe market-oriented reforms have stalled and
      AP  -  416 words
    • Article
      Lock icon Rural credit co-ops put up for sale
      262 17 Reuters [BEIJING] China is inviting domestic banks and private and foreign investors to take over the country’s most problematic rural credit cooperatives. The China Banking Regulatory Commission (CBRC) said it particularly hoped that investors would buy into the worst performing of these institutions
      Reuters  -  262 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      72 17 KNOWLEDGE ISN'T POWER UNLESS IT'S SHARED. The world class EMBA program where top executives converge. Ranked No.l in the world by Financial Times (2009) Ranked No.l in the world by The Wall Street Journal (2008) Source: 2009 and 2008 EMBA Survey by FT and WSJ Join our information session to
      72 words
Page thumbnail Page 18
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon No need for another stimulus as growth is stabilising: economist
      536 18 He says there’s plenty of credit and no risk of fixed asset investment slide Reuters [BEIJING] China’s economic slowdown will be modest, ruling out the need for fresh stimulus or a major policy initiative, a senior government researcher said yesterday.
      Reuters; REUTERS  -  536 words
    • Article
      Lock icon Fund manager cautious on Indian stocks
      301 18 Bloomberg [MUMBAI] Indian stock gains may be limited over the next three to four months as global growth, inflation and valuation concerns prompt investors to avoid riskier assets, HDFC Standard Life Insurance Co said. “Our stance remains cautious,” Prasun Gajri, who manages US$4.9 billion
      Bloomberg  -  301 words
    • Article, Illustration
      Lock icon SAIL shortlists banks for its US$1.7b share sale
      494 18 Reuters [MUMBAI] State-run Steel Authority of India Ltd (SAIL) has shortlisted Deutsche Bank, JP Morgan and four others to manage a share issue that may raise up to US$1.7 billion, sources with direct knowledge said yesterday. Other bankers shortlisted by the largest
      Reuters; BLOOMBERG  -  494 words
    • Article
      Lock icon AIG Taiwan unit buyer optimistic about deal
      189 18 Reuters [TAIPEI] One of the potential buyers of AIG’s Taiwan Nan Shan Life unit still hoped for a favourable solution to the US$2.2 billion sale even after their bid was rejected by Taiwan regulators, an executive said yesterday. Robert Morse, chief executive of
      Reuters  -  189 words
    • Article
      Lock icon RIM, Google and Skype told to build local servers
      356 18 Bloomberg [NEW DELHI] India said it will ask Research In Motion Ltd, Google Inc, Skype Technologies and other service providers to set up servers locally and enable security agencies to monitor mail traffic. “They have to install servers in India” and
      Bloomberg  -  356 words
    • Article
      Lock icon India huffs and puffs to the Games venues
      328 18 AFP [NEW DELHI] With just a month before the opening ceremony of the Commonwealth Games, there are fears sports venues will not be up to international competition standards. The city has undertaken huge infrastructure improvements ahead of the Oct 3 opening, ranging
      AFP  -  328 words
    • Article
      Lock icon Vedanta violating green laws, says govt
      274 18 Reuters [NEW DELHI] India’s environment ministry said on Wednesday that it has found “serious violations” of green laws in Vedanta’s existing alumina refinery in eastern India, the latest in the London-based firm’s mining troubles in India. In a letter to the company posted on
      Reuters  -  274 words
  • Page 18 Advertisements
Page thumbnail Page 19
  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Big BRIC firms victims of success with global funds
      641 19 Shares starting to move in lock-step with developed market indices Reuters [LONDON] Shares of companies from the world’s biggest developing economies are increasingly featuring in global fund portfolios, a possible reason why BRIC markets are underperforming in 2010 compared to emerging
      Reuters  -  641 words
    • Article, Illustration
      Lock icon US productivity dip exceeds forecasts
      434 19 LATEST US DATA Bloomberg [NEW YORK] The productivity of US workers fell more than previously estimated in the second quarter, pushing up labour costs and showing the slowdown in growth will limit profits. The measure of employee output per hour dropped at a 1.8 per
      Bloomberg; BLOOMBERG  -  434 words
    • Article, Illustration
      Lock icon ECB keeps rates steady, extends liquidity lifeline
      485 19 Reuters [FRANKFURT] The European Central Bank held interest rates at a record low yesterday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks. ECB staff also raised their growth forecasts for this year and next but
      Reuters  -  485 words
    • Article
      Lock icon Gillard closer to retaining seat as key lawmaker backs Labor
      373 19 AP [CANBERRA, Australia] Prime Minister Julia Gillard edged closer to retaining power in Australia yesterday when an independent lawmaker said he would support her centre-left Labor Party to form a government. Independent Andrew Wilkie announced his decision to back Labor
      AP  -  373 words
    • Article
      Lock icon Thai court ruling allows 74 stalled projects to restart
      480 19 Bloomberg [BANGKOK] Most of the 76 industrial projects halted last year because of pollution and licensing concerns can be restarted, a Thai court ruled, a decision that may resolve uncertainties about the country’s investment regulations. The Administrative Court will allow 74
      Bloomberg  -  480 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      69 19 WINE DINE AND HOSPITALITY Reach Seriolis Gourmets In This Targeted Space Enjoy special advertisement rates in this dedicated culinary environment. Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred
      69 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      80 19 A I SPARKLING SUNDAYS. BRUNCH AT OSCAR'S Don't miss Oscar's legendary Sunday Brunch. Linger over the latest local and international selections. Toast our new two-tiered champagne choice: Moet et Chandon or Veuve Clicquot. Simply delicious decisions... only at Oscar's. $148++ with free flow Champagne, Wine and Beer $109++ with free
      80 words
Page thumbnail Page 20
  • WORLD
    • Article, Illustration
      Lock icon US August car sales weakest in 27 years
      607 20 Japanese carmakers worst hit, with falls in Toyota, Honda sales exceeding 30% Reuters AP [DETROIT] Automakers posted their weakest US August sales in 27 years, underscoring uncertainty about the strength of the recovery in the world’s largest economy. Sales dropped 21 per
      Reuters; AP  -  607 words
    • Article
      Lock icon Petrobras to pay govt US$42.5b in stock for oil rights
      312 20 Bloomberg [BRASILIA] Petroleo Brasileiro agreed to pay the Brazilian government US$42.5 billion in new stock for the right to develop five billion barrels of offshore oil reserves. Petrobras, as the state-run company is known, will pay an average of US$8.51
      Bloomberg  -  312 words
    • Article, Illustration
      Lock icon Apple offers new TV box to rent movies
      625 20 AP [SAN FRANCISCO] Apple Inc is refining its plans to annex the living room into its entertainment empire. On Wednesday, Apple unveiled a smaller, cheaper version of Apple TV, which connects to a high-defini-tion television and can show rented movies and TV
      AP  -  625 words
    • Article
      Lock icon Get ready for Iran military option: Blair
      521 20 Unacceptable for Iran to have nuclear weapons capability AFP AP [LONDON] Former British premier Tony Blair warned in an interview on Wednesday that the international community may have “no alternative” to taking military action against Iran if it develops a nuclear weapon. “I
      AFP; AP  -  521 words
    • Article
      Lock icon Lehman says two of its units need funds to avoid failure
      544 20 Not bailing out Lehman in 2008 may have been a political decision: inquiry panel chief Reuters [BANGALORE] Two struggling units of Lehman Brothers Holdings, the bankrupt US investment bank, need hundreds of millions of dollars in capital to stave
      Reuters  -  544 words
Page thumbnail Page 21
  • PATRON OF THE ARTS
    • Article, Illustration
      Lock icon Funding for the arts holds steady
      1126 21  -  Corporate patrons collectively gave $16.4 million, and individuals contributed $3 million to the arts scene, reports MELISSA TAN MELISSA TAN FUNDING for the arts and heritage scene may not have caught up to the rapid pace of economic recovery in Singapore, but it is
      LAU FOOK KONG/THE STRAITS TIMES  -  1,126 words
    • Article, Illustration
      Lock icon Helping the local arts scene thrive
      1188 22  -  Stalwart arts patron OCBC Bank is being recognised with its 12th Distinguished Patron of the Arts Award this year, reports MELISSA TAN MELISSA TAN EMILY of Emerald Hill, Boeing Boeing and Cinderel-LAH! If any of these hallmark Singapore plays sound familiar, it’s in part
      1,188 words
    • Article
      Lock icon All in the name of art
      1346 24  -  According to the National Arts Council, there were 71 first-time award recipients this year, reports MELISSA TAN MELISSA TAN WHENChongYoonChouheard he had been awarded a 2010 Arts Supporter award for his contributions to the local arts scene, his first reaction was one of surprise.
      1,346 words
    • Article, Illustration
      Lock icon A need for space to create and curate
      1321 24 IT’S not easy being a performing arts start-up without a place to call home, as local strings group re:mix knows all too well. When re:mix was set up in 2006, its very first rehearsal was held in the function room of a
      1,321 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      130 21 SUPPORTING THE ARTS. At Barclays Wealth, supporting the arts is a role we're always happy to play. We are proud to have won a Friend of the Arts award, just as we are proud to provide support and expert guidance in the use of wealth. To find out more, call
      130 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      114 22 S f We Are Honoured To Accept The Prestigious Patron Of The Arts Award 2010 I believe that an important pillar of an elegant, refined society is the strong support for culture and the arts. That is why, for over 30 years, I have endeavoured to help fund, develop and
      114 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      185 23 yW vt *IL tkcir vt *ILihaY yW vt vrMchjtff viftos. feixh oe^f ry Uvt mutt frASsioftS T A n u M 5M0 23B USii thru 0//I1 2iM£HJM lalM A\ V t i V *v w I V i il Book your tickets at SISTIC with your OCBC Titanium Card and
      185 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      496 25 X :v 2010 PATRON Or TUC ARJS AWARDS Thank you to all award recipients for contributing to the vibrant arts scene in Singapore. Conrad Centennial Singapore Hong Leong Foundation HSBC Keppel Corporation Limited Lee Foundation Distinguished Patron of the Arts M1 Limited Ngee Ann Kongsi NTUC Income Insurance Co-operative Ltd
      496 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      59 26 MS w !V' 1 S3 1 F Singapore Press Holdings is proud to be awarded the Distinguished Patron of the Arts for the 18th consecutive year. Joining us this year for this top honour is Radio 100.3. SPH Foundation and omy.sg received the Friend of the Arts and I r
      59 words
Page thumbnail Page 27
  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon China company in US$600m Venezuela port project
      478 27 China Harbour Engineering Co will build a new container terminal Reuters [CARACAS] Venezuela is refurbishing its main port, Puerto Cabello, with Chinese help at a cost of US$600 million after decades of under-investment and spurred on by a scandal over rotting food, officials
      Reuters; REUTERS  -  478 words
    • Article
      Lock icon Surge in pirate attacks in South China Sea
      286 27 Eight attacks off Indonesian island in past 2 weeks AFP AP [KUALA LUMPUR] Seafarers have reported a surge in attacks by armed pirates in a South China Sea shipping lane, an international maritime watchdog said yesterday. Noel Choong, head of the International
      AFP; AP  -  286 words
    • Article
      Lock icon Saab bets on Brazil, India to save its fighter jet
      467 27 Bloomberg [LONDON] Saab AB is stepping up a campaign to sell its Gripen warplane in Asia and eastern Europe as Switzerland’s decision to delay a US$1 billion fighter purchase threatens to curtail production of the 1,320 mile-per-hour jet. Orders from
      Bloomberg  -  467 words
    • Article
      Lock icon Garuda begins Jakarta-Tokyo service
      183 27 Xinhua [JAKARTA] Garuda Indonesia, the country’s flag carrier, has started a direct service linking Jakarta and Tokyo, as part of business expansion, a paper said here yesterday. “We hope the new route will attract businessmen and tourists to travel with Garuda, since Japan Airlines has abandoned
      Xinhua  -  183 words
    • Article
      Lock icon MAS unit to maintain eight Air Mauritius aircraft
      166 27 Bernama [KUALA LUMPUR] Malaysia Airlines System Bhd’s wholly-owned unit, MAS Aerospace Engineering Sdn Bhd (MAE), has signed a one-year agreement with Air Mauritius for the maintenance of eight aircraft six Airbus 340-200s and two Airbus 330-200s. In a statement here yesterday, MAE
      Bernama  -  166 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3086 27 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 --LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam SQ323 0605 SQ7366 2315 US5410 0605 LO4032
      3,086 words
    • Article
      Lock icon Germany moves burden of planned air tax to long-haul
      400 27 Reuters [BERLIN] Germany’s government, battling to find new ways of closing its budget gap, amended plans for raising 1 billion euros (S$ 1.73 billion) a year from a new tax on air passengers, by increasing the levy on long-haul flights. Europe’s
      Reuters  -  400 words
Page thumbnail Page 28
  • EDITORIAL & OPINION
    • Article
      Lock icon Cooling the property market, flexibly
      444 28 EDITORIAL THE Singapore government has acted swiftly and decisively in introducing new and tougher rules to dampen property speculation the third time in a year that the authorities have moved to cool an overheating market. Among the many changes announced earlier this week are a
      444 words
    • Article, Illustration
      Lock icon Uphill task ahead for Obama in Mid-East
      1065 28  -  Due to its own domestic issues, US won’t be able to impose its agenda in the region LEON HADAR Washington Correspondent USPresidentBarackObama’s televised address marking the end of America’s combat mission in Iraq and this week’s start of a new round of Israeli-Palestini-an
      AFP  -  1,065 words
    • Article, Illustration
      Lock icon Japan paying price of just crying and doing nothing
      839 28  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own IT’S the economy that cried wolf. With growth slowing, deflation deepening and the yen inexplicably surging in late August, Japanese policymakers pledged
      839 words
    • Article, Illustration
      Lock icon ADB and its middle-class la-la land
      1224 29  -  The bank has made unrealistic assumptions in a new report on a supposed Asian ‘middle-class revolution’ ANTHONY ROWLEY Tokyo Correspondent I WONDER how many of us would think of ourselves as being “middle class”, financially speaking, if we had to subsist on an income
      ST FILE PHOTO  -  1,224 words
    • Article, Illustration
      Lock icon Will nationalism dissolve the EU?
      926 29  -  Pursuit of national interests and right wing populism are the products of a generational change By CHARLES KUPCHAN The writer is a professor of international affairs at Georgetown University and a senior fellow at the US Council on Foreign Relations. He is the author of
      LAT-WP; BLOOMBERG  -  926 words
    • Article
      Lock icon Takeover Code needs finetuning
      182 29  -  LETTER TO THE EDITOR Denis Distant ON April 29, Sim Siang Choon Ltd posted on SGX.net details of a mandatory takeover offer from Jit Sun Investments Pte Ltd at 11 cents per share. About four months later, on Sept 1, it repeated the offer on SGX.net
      182 words
Page thumbnail Page 29
Page thumbnail Page 30
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8986 30 Transaction date: Sep 2 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 20.5 13 3148 8Telecom 18.5 +0.5 100 18.5 18.5 18 18.5 1.7 9.8 5.9 88.6 12 6 5834
      8,986 words
    • Article
      Lock icon SGX CATALIST
      1875 31 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 4.5 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 194 176 188 115.1 4 0.5
      1,875 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9382 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.86/ APS Alpha Fund Cl B SGD!** 1.15/ APS Alpha Fund Cl B USD!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,382 words
    • Article
      Lock icon SGX ETF
      840 31 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 116 -2 4 116 116 112 116 529.5 937 725 CIMBAsean40 100US$ US937 +7 1 937 937
      840 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 31 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A44cd unch 1 44 44 43.5 46 3.6 8 3.5 114.6 31.5 16 6017 Genting HK US$ US30 +1 *****
      78 words
Page thumbnail Page 31
Page thumbnail Page 32
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 32 In local curr In S$ In US$ dy yr dy yr dy yr Sep 1 Index Change Change Change Change Change Change World Index Preliminary 798.7 2.5 -4.1 2.1 -8.8 2.8 -4.9 EAFE Preliminary 742.6 2.3 -5.4 2.2 -11.1 2.8 -7.3 Europe Preliminary 1093.0 2.9
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 32 Sep 2 $S Offer Bid Overnight 0.05 0.03 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.33 0.23 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.90 0.70 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 32 Sep 2 S$ Bid Offer 1-month 1.3474 1.3483 2-months 1.3474 1.3483 3-months 1.3474 1.3483 6-months 1.3476 1.3485 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      152 32 Sep 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 349.5 349.0 349.5 8 Nov 10 347.0 346.9 347.0 16 Dec 10 346.0 346.0 346.0 12 Jan 11 347.0 347.0 347.0 20 Feb 11 347.0 347.0 347.0
      152 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 32 Sep 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 02.12.2010 0.28 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.25 5-Year N*****0N 1.375 01.10.2014 102.80 102.85 102.85 7-Year N*****0Z
      86 words
    • Article
      Lock icon CHICAGO BOT
      105 32 Sep 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1004.50 1008.00 1015.25 1003.50 Nov 10 1005.50 1010.00 1017.50 1004.00 Jan 11 1015.00 1019.25 1026.50 1013.75 Mar 11 1020.75 1024.25 1031.00 1019.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 39.55 39.48 40.02
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 32 CRUDE OIL PRODUCTS Sep 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.89 0.01 WTI (Near Mth) 73.90 2.26 Dubai (1-Mth F) 73.97 0.22 Tapis blend 80.45 -0.35 Minas 75.35 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.28 -0.16 Jet Kerosene 84.85 -1.15 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2257 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 4 0.5 2740 1 3 -7 1.88 3 6221 Asia-Pacific Strat W*****6 38.5 1 150 -3 5.04 44 6227 ASJ Hldgs W*****1 3.5 1 4
      2,257 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 32 Sep 2 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2120 1.2490 Can dollar 1.2730 1.2880 Euro 1.7140 1.7340 NZ dollar 0.9490 0.9700 Sterling pound 2.0670 2.0910 US dollar 1.3400 1.3560 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 32 Sep 2 Open High Sett STI Sep 2983 SIMSCI Sep 352.9 357.5 353.0 Taiwan Sep 270.4 274.4 272.5 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5555 33 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      5,555 words
    • Article
      Lock icon PALM OIL
      66 32 Sep 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2675 2690 2697 2675 953 2714 Oct 10 2594 2593 2599 2584 2495 9622 Nov 10 2535 2542 2548 2529 ***** ***** Dec 10 2525 2535
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      421 32 Sep 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6925 0 1062 Dec10 99.5800 0 5384 Mar11 99.5100 0 3063 Jun11 99.4100 0 2319 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6500 99.6500 99.6500 100 3682 Dec10 99.7000 99.7000 99.6850 99.6850 1 1867 Mar11 99.7000 0 2043
      421 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 32 Sep 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 6.179 0.709 7.054 42.466 81.770 0.763 10.724 2.838 1.271 77.697 40.783 1.223 6.613 0.920 29.064 28.267 0.589 0.907 Canada 1.047 6.472
      464 words
    • Article
      Lock icon SIBOR
      85 32 Sep 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 32 Sep 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2224 1.2234 0.9072 0.9074 Canadian dollar 1.2799 1.2815 0.9499 0.9505 Euro 1.7231 1.7247 1.2788 1.2792 NZ dollar 0.9615 0.9635 0.7136 0.7146 Sterling pound 2.0741 2.0756 1.5393 1.5394
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 32 Sep 2 GOLD (US$/oz) Sep 02 Sep 01 Hong Kong 1247.80 1250.10 Sep 01 Aug 31 London 1244.15 1246.80 1244.55 1247.20 Source: Thomson Reuters CAST BAR Sep 02 (S$) Selling Buying Kilobar 57,714.73 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129.47 54 5gm 367.01 269 10gm 655.91
      138 words
    • Article
      Lock icon LONDON METALS
      71 32 Sep 1 Sep 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2084.75 2042.25 3 months 2108.00 2058.00 Copper, Grade A (US$/tonne) Cash 7593.25 7426.25 3 months 7606.00 7440.00 Lead (US$/tonne) Cash 2088.25 2043.50 3 months 2115.00 2070.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      82 32 Sep 1 COCOA (£/tonne) Close Prev High/Low Sep 10 1926 1951 1960/1901 Dec 10 1945 1954 1973/1916 Mar 11 1960 1968 1982/1931 May 11 1974 1978 1992/1947 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1617 1602 1629/1591 Nov 10 1647 1641 1656/1618 Jan 11 1662 1657 1672/1636 Mar 11
      82 words
Page thumbnail Page 33
Page thumbnail Page 34
Page thumbnail Page 35
  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      279 35 CRYPTIC CROSSWORD Across 1 Conservationists after ten years in decline (8) 5 Comatose snake encircling shelter (6) 9 Really arrive twice! (4,4) 10 Go off track that’s badly relaid (6) 11 Mournful linesman’s mood? (7) 12 Fully dressed American vocalist? (7) 13 Imparted knowledge misleadingly in the legend (11) 16
      279 words
  • executive lifestyle
    • MUSIC/GAMING
      • Article, Illustration
        Lock icon A promising debut; refreshing sounds
        907 35  -  53A’s first album does not disappoint, while more seasoned Iron Maiden and Mystery Jets continue to please, says CHRISTOPHER LIM CD REVIEW CHRISTOPHER LIM THERE comes a time in every cover band’s career when it considers taking the leap into original material, and local band
        907 words
      • Article, Illustration
        Lock icon Kane & Lynch 2 violent and disturbing
        522 35  - Kane Lynch 2 violent and disturbing By CHRISTOPHER LIM SOME games aren’t suitable for children, such as fantasy game Dante’s Inferno. But Kane Lynch 2: Dog Days is a little too violent even for young teenagers. In fact, it’s disturbing for adults. The sequel to 2007’s Kane Lynch: Dead Men
        522 words
      • Article, Illustration
        Lock icon Local jazz diva takes risks with debut
        586 35  -  By DYLAN TAN LISTENING to Sarah Cheng-De Winne’s sassy debut EP, Let’s Pretend, it’s hard to believe the 22-year-old has no formal jazz theory training. It’s a highly polished effort that belies her age and the sev-en-track mini-album boasts a good dollop of
        586 words
    • ARTS
      • Article, Illustration
        Lock icon Exploring terror, nostalgia in urban spaces
        822 36  -  MADHVI SUBRAHMANIAN looks at how Vibha Galhotra and Ketna Patel respond to the process of urbanisation in their works MADHVI SUBRAHMANIAN ACCORDING to the latest United Nations reports, almost half of the world’s population lives in cities today and by the year 2030 they
        822 words
      • Article, Illustration
        Lock icon Flashy Rio Carnaval comes to town
        743 36  -  By LYNN KAN THE Brazilian Carnival (or “Carnaval”, as Brazilians call it) in Rio de Janeiro and Salvador is one of the best-known Carnavals and street parties today a riotous explosion of feathers, glitter and skin. The nearly week-long event takes place just before
        BEIJA FLOR  -  743 words
      • Article, Illustration
        Lock icon Revisiting the 1980s for insights today
        632 36  -  By NATALIE KOH PLAYING Pac-Man, listening to Michael Jackson (on cassette tapes, no less) and watching Star Wars these are memories that people all over the world who lived through the 1980s look back on with nostalgia. Such memories are the premise of Give
        632 words
      • Article, Illustration
        Lock icon Retrieving a lost page in history
        508 36  -  By NATALIE KOH IN 1777, a republic called the Lan Fang Republic was founded by a small group of Hakka Chinese in West Borneo. It went through 10 presidents before the Dutch took over in 1884 and has since become a fading story for
        508 words
    • PURSUITS
      • Article, Illustration
        Lock icon Race to have fun
        1180 37  -  September is here, and that can mean only one thing: Formula One season is upon us again. With F1 parties and events galore both in the run-up to and during the race weekend, the dilemma is in deciding just which do to attend. BT’s list of
        1,180 words
      • AROUND TOWN
        • Article, Illustration
          Lock icon Exploring a monumental Indian epic
          117 37 IN her third solo exhibition, Maya: An Illusion, artist Joyotee Ray Chaudhury explores the defining moments and characters from the monumental Indian epic, the Mahabharata. With bold colours and fluid lines, which distinguish her style, the artist brings legendary characters to the present, showing the
          117 words
        • Article
          Lock icon A chance to visit 16 galleries
          111 37 ART Galleries Association Singapore is giving art fanatics the chance to visit 16 galleries in one day. The Singapore Art Walk 2010 will bring people from art gallery Art Seasons in Kaki Bukit all the way to Andrewshire in Hillview Avenue. There will also
          111 words
        • Article
          Lock icon Now adaptation of a classic folk tale
          184 37  -  Compiled by NATALIE KOH AFTER the ACE! Festival, which saw sold-out shows of Momotaro The Peach Boy by some of the best local and international acts, local theatre company I Theatre brings a new adaptation of the show to the Singapore Airlines Theatre.
          184 words
      • Article, Illustration
        Lock icon A toast to long-term cellaring
        1039 37  -  WINE By N K YONG FINE wines need to age to develop to their optimum potential. This cellaring period varies depending on many factors, chief among which is their pedigree. Instant gratification has no place in the vocabulary of fine wine. It is also a
        1,039 words
      • Article, Illustration
        Lock icon A Vongerichten culinary treat at S’pore GP
        331 37  -  By MELISSA LWEE SINGAPORE’S reputation as a food paradise is not lost on top-tier international chefs who have been turning up on our shores, and Formula One is just one more reason for acclaimed chef Jean-Georges Vongerichten to make a return trip. The
        331 words
    • COVER STORY
      • Article, Illustration
        Lock icon Slice of the city – Singapore says it in style
        800 38  - Slice of the city Singapore says it in style The Singapore pavilion at the Venice Architecture Biennale is cogent, rather classy, and appeals to the geek in all of us, reports CLARISSA TAN CLARISSA TAN LET’S say that Singapore meets its projected population of 6.5 million. And that it fits
        JING QUEK; OWEN LAM  -  800 words
    • CINEMA
      • Article, Illustration
        Lock icon It’s tough Going the Distance with this one
        595 39  -  The script disappoints, with funny moments few and far between, says GEOFFREY EU GEOFFREY EU AT THE start of Going the Distance, a film about the perils of the long-dis-tance relationship, newly-single music executive Garrett (Justin Long) has just been dumped by
        595 words
      • Article, Illustration
        Lock icon Dark, sexy drama signals bright future for local film scene
        533 39  -  By DYLAN TAN SEX sells and Hush’s director Jeremiah R Oh should know it by now. Even before his short film opens for several exclusive screenings at Sinema Old School for the public, it’s been in the spotlight in the
        533 words
      • Article, Illustration
        Lock icon Dark tale of revenge and justice
        360 39  -  DVD REVIEW By CHRISTOPHER LIM MEL Gibson has been getting publicity for all the wrong reasons lately, but the frenzied edge in his private life is probably what makes him so good at playing movie roles about desperate men single-handed-ly battling steep odds. Post-apocalyptic
        360 words
      • Article, Illustration
        Lock icon Horror movies that don’t scare anybody
        599 39  -  By DYLAN TAN WITH the Seventh Month festivities now in full swing, two new horror-themed movies have opened just in time before the real-life spookfest winds down in about a week. However, don’t count on both films to give you the jitters. Vampires Suck
        599 words
    • Article, Illustration
      Lock icon Where’s everybody?
      1162 40  -  CLARISSA TAN wonders if the Venice Architecture Biennale, which this year has the theme ‘People meeting in architecture’, may have forgotten about the human beings CLARISSA TAN To be sure, nobody wants to walk through display after tedious display of public housing. Also, it would be misguided indeed
      PHOTOS: CLARISSA TAN; PIERRE CHARRON  -  1,162 words
Page thumbnail Page 36
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Lock icon Page 37 Advertisements Column 1
      26 37 -s- tk Lianhe Zaobao Number prices of new homes up in Beijing, Shanghai, Guangzhou Shenzhen in August ff»iS«iRR3it$f9£ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      26 words
Page thumbnail Page 38
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Lock icon Page 39 Advertisements Column 1
      182 39 -T,.. _^gdpore SEP SA TURDAY -7p™ Organised by ART GALLERIES ASSOCIATION SINGAPORE, ART WALK, is your chance to visit 16 galleries in one day. There will be exclusive previews of new artworks from artists, talks, interacting with artists, workshop and demonstration. Indulge in diverse genres of art by local and
      182 words
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Lock icon Page 40 Advertisements Column 1
      263 40 Slice of the city Singapore says it in style, Page 38 Journeys to treasure were always meant to be shared. 20% off Business Class fares. Valid for year-end travel from 1 November to 31 December 2010 1-for-1 Business Class fares. Valid for early bird bookings for travel from 1 January
      263 words
    • Advertisement
      Lock icon Page 40 Advertisements Column 2
      9 40 ARTS Exploring terror, nostalgia in urban spaces PAGE 36
      9 words