The Business Times, 4 August 2009

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Total Pages: 36
1 36 The Business Times
  • 22 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sft\ A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 197/08/2008 Tuesday, August 4,2009
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  • 59 1 CORPORATE ANNIVERSARIES Unlike in humans, longevity in business does not come with the genes. To survive and thrive, companies must have the will and the ability to embrace change. In pages 15 to 22, we look at some remarkable Singapore examples from SPH and Boustead to Eu
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  • 942 1  -  JOYCE HOOI Investors confused as statement of comprehensive income jostles for attention with P&L By [SINGAPORE] The average investor in Singapore has probably started peering over his bifocals in bewilderment at the latest quarterly earnings from local firms since April. Brow furrowed, he is
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  • 497 1  -  JAMIE LEE Fallout from forex trading case reaches High Court By [SINGAPORE] Sembcorp Marine subsidiary Jurong Shipyard Pte Ltd (JSPL) has sued Societe Generale to recover U*****.9 million that it paid to the French bank as part of the foreign exchange trading case involving
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  • MARKETS DIGEST
    • 47 1 lorn lay lange 1 COMP 1,171.31 -3.59 IIKKEI225 10,352.47 -4.36 1ANG SENG 20,807.26 +233.93 ;et index 641.43 +17.43 JAKARTA COMP 2,338.80 +15.57 1ANILA COMP 2,835.11 +36.78 ;eoulcomp 1,564.98 +7.69 ;henzhenb 561.25 +12.23 IUMBAI IND 15,924.23 +253.92 12 noon EDT Change )OW 9,256.49 +84.88 IASDAQ 1,997.47 +18.97
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.298 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 43 1 IS$ (S$ ier US$) 1.438 (US$/S$ per 1.677 2.411 :UR0 (US$/S$/E) 1.424 2.046 Forei' in curreno >er US$ S$ 'EN 95.00 66.10 3.512 2.443 IK$ 7.750 5.391 !AHT 34.04 23.68 lUPIAH 9,923 6,903 lENMINBI 6.831 4.752 INDIAN RUPEE 47.87 33.30 1.194 0.831
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 50 1 PROPERTY CORPORATE J* PROPERTY OPINION Steepest fall in office RESULTS KjiVjC™ INVESTMENT Time running out v^ occupancy costs OCBC Q2 profit beats sjßJr^^^^ Fund snaps up 21 forObama page 36 estimates page 2 W'liiH condounits page 3 page 29 igft^mfk SME Inc Acumen heading for greener pastures Smartflex's smart moves
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 86 2 THE average investor in Singapore has probably started peering over his bifocals in bewilderment at the latest quarterly earnings from local firms since April. Brow furrowed, he is wondering why he is seeing double this time there is the familiar profit-and-loss statement and this
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      • 46 2 SEMBCORP Marine subsidiary Jurong Shipyard Pte Ltd has sued Societe Generale to recover U*****.9 million that it paid to the French bank as part of the foreign exchange trading case involving former finance chief Wee Sing Guan. FRONT PAGE
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      • 56 2 OCBC Bank's net profit rose 10 per cent to $466 million in the second quarter from a year earlier, beating analysts' estimates as the group benefited from sharply higher profits at its insurance unit Great Eastern and set aside less than expected provisions for
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      • 100 2 IN one of the first bulk sales of apartments since the economic crisis unfolded last year, a property fund is understood to have purchased the remaining 21 units at Sui Generis condo at Balmoral Crescent for $65 million. Market watchers commented,
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      • 66 2 Cosco Q2 earnings dive 71 to $37m HIT by a sharp drop in revenue and in other gains, shipbuilder Cosco Corporation suffered a 71 per cent plunge in net profit to $37 million for the second quarter ended June 30. The year-on-year earnings fall came as turnover dropped 31 per
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      • 51 2 CREATIVE Technology share price shot up yesterday, prompting a Singapore Exchange query. Possibly spurred by the company's product announcements last week, the counter soared 31.1 per cent from $4.50 to close at $5.90 its highest close since Sept 5, 2008. COMPANY NEWS, PAGE
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      • 51 2 TAT Hong Holdings has attracted a key strategic investor with the potential to open up opportunities in the vast China infrastructure market. Pan-Asian private equity fund AIF Capital Asia 111 has invested $65 million in the listed crane leasing giant. COMPANY NEWS, PAGE
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      • 52 2 NTUC is collaborating with the Association of Small and Medium Enterprises to reach out to more SMEs and intensify their efforts on re-employment, so that as many companies in Singapore can be well-prepared when the re-employment law kicks in by 2012. SINGAPORE NEWS,
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      • 49 2 A PLUNGE in Grade A office rents has raised Singapore's competitive edge somewhat. According to Colliers International, office occupancy costs here were the fourth-highest among 26 Asia-Pacific cities in Q2 this year down a notch from a quarter ago. PROPERTY, PAGE 36
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    • 817 2  -  CONRAD TAN It's up 10% as bank says worst may be over, but pace of recovery uncertain By [SINGAPORE] OCBC Bank's net profit rose 10 per cent to $466 million in the second quarter from a year earlier, beating analysts' estimates as the group
      ARTHUR LEE  -  817 words
    • 424 2  -  ANTHONY ROWLEY Bonuses down 14% while overtime pay dips 17% in June By in Tokyo OMINOUS signs that Japan's economy may be entering deflationary spiral emerged yesterday with news that household earnings plunged by a record 7.1 per cent in June compared
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    • 348 2 Bloomberg LATEST US DATA [WASHINGTON] Spending on US construction projects unexpectedly rose in June, led by an improvement in residential real estate and gains in government projects. The 0.3 per cent in- crease to U*****.7 billion followed a revised 0.8 per cent drop the
      Bloomberg  -  348 words
    • 619 3  -  KALPANA RASHIWALA Other big-ticket transactions could rev up investment sales in second half By [SINGAPORE] IN one of the first bulk sales of apartments since the economic crisis unfolded last year, a property fund is understood to have purchased the remaining
      ARTHUR LEE  -  619 words
    • 488 3 Reuters But both say worst could be over, get investment bank lift [LONDON] HSBC and Barclays reported a surge in bad debts yesterday to a combined US$2l billion as recession took its toll on borrowers but Britain's two biggest banks offered encouragement
      Reuters  -  488 words
    • 737 3 NYT, Bloomberg, AP But it will be slow, arduous compared to former rebounds [WASHINGTON] President Barack Obama's top economic advisers gave upbeat assessments of the American economy on Sunday, predicting an imminent start to a recovery, but a slow and arduous one compared
      NYT, Bloomberg, AP  -  737 words
  • Page 2 Advertisements
    • 377 2 Financial Reporting Standards 2009 Update Date Staying current with evolving accounting and financial reporting requirements Thursday, 10 September 2009 are essential to protect an organisation's marketplace credibility. That is why financial professionals need to stay current with the changes in accounting and Time financial reporting requirements. 9.00 am to 5.30pm
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    • 81 2 Fantasy Waterbeds Pte Ltd x£S(& Where Sleep Matters. •Aft", JjsJ^P Thinkofusas ;> p- A Natural Anaesthetic. Ergonomically designed with rheumatic and arthritic sufferers in mind, you can experience complete holistic sleep and all the benefits that come with it. a Visit our Fantasy Sleep Centre for your ultimate sleep solutions.
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  • Page 3 Advertisements
    • 96 3 f/jr/t* NNKv a** *^s V j^W 1H ByWtfji tj "i s >^ Servcorp Virtual Offices The most professional business image from $99 per month Full business and IT solutions without the physical office space Best address, dedicated receptionist, global network of meeting rooms and value added IT solutions No deposit,
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  • COMPANY NEWS
    • 376 4  - Cosco Q2 earnings dive 71 NISHA RAMCHANDANI Turnover falls 31%, hit by slump in ship repair, ship building, marine engineering By HIT by a sharp drop in revenue and in other gains, shipbuilder Cosco Corporation suffered a 71 per cent plunge in net profit to $37 million for the second
      BLOOMBERG  -  376 words
    • 408 4  -  OH BOON PING By CONSTRUCTION and tech stocks look increasingly promising despite a possible market correction, says DMG Partners. Its top picks include CSC Holdings and Armstrong Industrial. In its small/mid-cap weekly report, DMG says a healthy flow of government projects means construction firms
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    • 338 4  -  ONG BOON KIAT Stock price soars 31% to close at $5.90 By CREATIVE Technology share price shot up yesterday, prompting a Singapore Exchange query. Possibly spurred by the company's product announcements last week, the counter soared 31.1 per cent from $4.50 to close at
      BLOOMBERG  -  338 words
    • 469 4  -  JAMIE LEE RETAIL stocks that previously included now-delisted Robinson and CX Tang were once market darlings but now seem to have fallen out of vogue. With the two casinos coming up in Singapore soon, retail counters may warrant a second look but are unlikely
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    • 346 5  -  TEH SHI NING It cites depreciation of rupiah, drop in casual leasing and other income By LIPPO-MAPLETREE Indonesia Retail Trust (LMIR Trust) yesterday reported a 12.5 per cent year-on-year drop in distributable income to $13.9 million, for its second quarter. Distribution per unit
      FILE PHOTO  -  346 words
    • 399 5 Reuters TRADE finance conditions for commodities firms have improved since the credit crunch last year, but banks remain wary of more corporate failures, and club-style deals are key, two banks said yesterday. "Confidence is better than last year, definitely, and there is liquidity, but for
      – Reuters  -  399 words
    • 312 5  -  NISHA RAMCHANDANI By THE Sembcorp Changi NEWater Plant (SCNP), which is expected to supply 15 per cent of Singapore's current water needs by mid-2010, has kicked off the first phase of commercial operations. Although the initial production capacity stands at 69,000 cubic metres of NEWater
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    • 272 5  -  TEH SHI NING Natural Cool, Sino Techfibre, China Yongsheng see loss By THREE more companies issued profit warnings yesterday Natural Cool and China Yongsheng expect half-year losses, while Sino Techfibre expects a sec-ond-quarter loss. Local air-conditioning services company Natural Cool said that it expects
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    • 358 5  -  OH BOON PING By EPURE International, a water solutions provider, has made its maiden foray into Saudi Arabia with a contract worth about 562 million yuan (SsllB million). In a statement, the group that said that it has inked a letter of
      358 words
    • 527 6  -  YEN SREENIVASAN Bulk of investment will fund Tat Hong's expansion into China and Australia By TAT Hong Holdings has attracted a key strategic investor with the potential to open up opportunities in the vast China infrastructure market. Pan-Asian private equity fund AIF Capital
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    • 1114 6 Bloomberg MTN shareholders say Bharti's offer isn't enough [NEW DELHI] Bharti Airtel, an associated company of Singapore Telecommunications, and MTN Group, extended talks on a merger that would challenge Vodafone Group Pic's push into India and Africa after the two phone companies failed to
      Bloomberg; BLOOMBERG  -  1,114 words
    • 258 6  -  OH BOON PING By SUNPOWER Group, a China-based heat transfer technology specialist, has clinched a 65.9 million yuan (5513.81 million) contract to supply four sets of special-material heat exchangers. The deal involves the design and production of the heat exchangers for a 60,000-tonne polyoxymethylene (POM)
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    • COMPANY BRIEFS
      • 64 6 ST ENGINEERING'S electronics arm, ST Electronics, has been awarded an $8.2 million contract by the Singapore Land Authority (SLA) to transform its Singapore Titles Automated Registration System (Stars) into an integrated land titles registration system for both private and HDB properties. The new system,
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      • 127 6 KEPPEL Integrated Engineering (KIE), part of Keppel Corp, said yesterday that Tong Chong Heong will take over from Wong Boon Kong as chairman of KIE with immediate effect. Mr Tong, who is also currently the chief executive officer (CEO) of Keppel Offshore Marine Ltd, has been
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      • 65 6 MENCAST Holdings Ltd, a sterngear equipment manufacturer and sterngear services provider in Singapore, said net profit rose 13.1 per cent to $4.0 million in the first half of 2009 from a year ago on the back of a strong order book. The group
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      • 57 6 CHASEN Holdings Ltd has invested in a junior gold mining company, Great Bendigo Goldmines Ltd (GBM), which is listed on the Australian Stock Exchange. The group invested Aso.4 million cash through a private placement, with Chasen acquiring 13.5 million shares representing approximately 12.18 per
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      • 49 6 HI-P International yesterday announced a 41 per cent fall in its second-quarter net profit to $15.96 million, from $27.08 million a year ago. This came on the back of a 36.9 per cent drop in revenue, to $177.6 million, from $281.5 million.
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    • 155 6 J Six months ended June 2009 Three months ended June 2009 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS %CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS I (Sm) (S m) (S$m) (S$m) I CHNG 1 OCBCBk 1,011.00 1,047.00 -3.4 2,551.00 2,239.00 13.9 466.00 425.00
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    • 265 6  -  BRANDON CHEW By MARY Chia Holdings has launched a $5.65 million initial public offering (IPO) comprising 24,565,000 new shares for placement at 23 cents each. Trading of its shares is expected to begin on Aug 11, which will make it the first home-grown
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    • 324 6  -  OH BOON PING By RETAIL investors seeking to enhance their financial knowledge can look to a strong line-up of workshops at this year's Invest Fair. To be held on Aug 22 and 23, the investment exhibition will feature eight specialised workshops conducted
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  • Page 4 Advertisements
    • 954 4 %^JPBj_^ L T/*X' I~T^~^T^ &f/e/h£ Kf four 2>/'h/Hg Experience I x^_ *\_IV-j I j w "*^j*~> nanrtarHina Our9roupstartedwlththepopularJack'sPlace O L/CkJkJCIVJI I IC Steakhouse in 1966. We then evolved to include more f^/ dining concepts In each of our 4 dining concepts, our customers recognised our ability to add zing to
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  • Page 5 Advertisements
    • 302 5 NATIONAL DAY 2009 byte Same' values and philosophy have enabled aforum to discuss and debate the A Singapore, a tiny island-state of only future of the global economy. I am I recall a visiting professor from an 710 sq km with 4.86 million people, to sure that Singapore will play
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  • Page 6 Advertisements
    • 269 6 A SATS JURONG OCEANIC TRADING CO. (PRIVATE) LTD (Incorporated in the Republic of Singapore) Company Registration No: *****1094K LOSS OF SHARE CERTIFICATES NOTICE is hereby given that the following Certificates have been reported lost, misplaced or destroyed: Name of Share Certificates Number of Date of Issue Shareholder Number Shares YeoGuanJuat
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  • Page 7 Advertisements
    • 88 7 ■HI IT VMS k l I I I Ik II I I IV ■111 I Enteiprise Si I BNpPNip|PM|Hi^^ M| gg^ fs~> Organised by Co-organiser Official Auditor Media Partners Supported by Held in Enteiprise maxias RSM.ChioLim Jg™[JgL PEAK EZ3 HRAsia \;s SK 88 &«pFS jg_ SSES™1 PRINT. ONLINE. MOBILE SPH
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  • SINGAPORE MARKETS
    • 542 8  -  YEN SREENIVASAN STOCKS STI bounces off a morning low to end the session with a net 22-point gain at 2,681.64 points AFTER a slow start in the morning, the Singapore market perked up during the afternoon session following positive starts in Europe, and
      Bloomberg  -  542 words
    • 95 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 113 3 0 0 0 113 3 lanufacturing 91 35 63 17 95 39 80 Commerce 29 14 24 35 15 26 'pt/Stor/Comms 26 10 27 10 :inance 16 12 17 12 Construction 13 13 'roperties
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    • 118 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 47,248 47,248 93,252 93,252 lanufacturing 356,269 48,146 404,415 272,947 2,330 275,277 lommerce 192,367 40,055 232,422 98,564 24,742 123,306 'pt/Stor/Comms 232,362 2,686 235,048 353,633 648 354,281 :i nance 32,863 10 32,873 250,509 250,509 lonstruction 287,593 27,022 314,615 73,955 406 74,361
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    • 102 8 lapitaLand 3.830 +0.010 lapitaMall 1.580 jtyDev 10.300 +0.160 lomfortDelGrc 1.600 +0.050 losco Corp 1.320 +0.010 IBS Grp 13.940 +0.060 :&N 4.160 +0.010 ienting SP 0.835 -0.010 iolden Agri 0.415 -0.010 IK Land 4.090 +0.200 IMH 30.000 1.200 ISH 16.700 +0.440 lardineC&C 25.200 1.600 Ceppel Corp 8.300
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    • 267 8  -  JAMIE LEE ARA Asset Management Aug 4 close: $0.73 DBS VICKERS SECURITIES, Aug 3 BAGGING a trophy asset: ARA Asset Management Ltd (ARA) announced its appointment as asset manager and convention and exhibition services provider for "Harmony Fund" post the fund's purchase of Suntec Singapore International Convention Exhibition
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    • 286 8 CHART POINT THE local bourse is likely to scale new heights in the near term as the STI powered past the key resistance at 2,424 but may face some selling pressure as it approaches the important 2,680 level, which represents the 50
      : Bloomberg  -  286 words
    • 542 8 Reuters CURRENCIES [NEW YORK] The doUar hit its lowest level of the year against a basket of currencies yesterday, stung by buoyant risk demand as stocks rallied on the back of solid bank earnings and surprisingly strong manufacturing sector data from
      Reuters; BLOOMBERG  -  542 words
    • 4 8 DAILY
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    • 58 8 Aug 3 VALUE CLOSE IT OB/OS 987.00-140.0C IT CADI -*****.00+179. IT 10-day MA -*****.00 +99.01 TSE ST Mid Cap 603.21 +7.9 TSE ST Small Cap 528.73 +13.3. TSE ST All Share 655.98 +6.5 TSE ST China Top 286.13 +3.91 TSE ST China 278.73 +3.3 TSE ST Catalist
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    • 58 8 VOLUME Golden Agri 161,664,000 UniFiber 144,182,000 FrasersComm R 104,256,000 NOL 70,773,000 Gentinq SP 60,912,000 Swiber 49,235,000 Ezion 48,785,000 Lifeßrandz R 37,813,000 Abterra 36,607,000 Hong Fok 35,922,000 VALUE(S) NOL 122,923,330 Capita Land 115,494,160 Sing Tel 87,597,670 DBS Grp 84,804,520 Golden Agri 66,983,205 OCBC Bk 63,018,400 UOB 61,298,920 Keppel
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    • 105 8 CLOSE UP 9375 271.6 2.1 LD 10US$ iBXT Ni 10US$ 9814 219.8 IMH 3000 172.4 4., lardine C&C 2520 160.0 6.: Creative Tech 590 140.0 31.1 MS India 10US$ 1291 79.0 4.. ISH 1670 63.2 2. >sia Pac Brew 1230 50.0 4., iBXT MSEuroi 10US$ 3817 48.9 0: IQB.ES.0908
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    • 115 8 CLOSE DOWN 6250 -89.1 -1.0 DBXT S&P Short 10US! Venture Cor| 902 -53.0 -5.5 DBXT MSTaiwan 10US! 1395 -28.7 -1.4 DBXT FTChina25 10US! 3000 -18.7 -0.4 ICBC Bk4.5%NCPS 100 9220 -10.0 -0.1 ICBC Bk5.1%NCPS 100 9900 -10.0 -0.1 Kei Con 830 -9.0 -1.1 lux 257 -7.0 -2.7 :K Tan.
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    • 88 8 Wh lere S! stands Aug 3 CHNG CLOSE FR Jul 31 YR2009 S$ LOW S$ HIGH uss 1.4359 0.39 1.5579 1.4308 Euro 2.0504 -0.75 2.0732 1.9150 Pounds 2.4163 -1.21 2.4163* 2.0356 AS 1.2053 -0.92 1.2053* 0.9453 Yen* 1.5125 -0.36 1.7278 1.4831 Rupiah* 0.***** 0.24 0.***** 0.***** Baht* 4.2220 0.35
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  • Page 8 Advertisements
    • 53 8 The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing you should carefully
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  • SINGAPORE NEWS
    • 411 9  -  Ll DAN WEI NTUC ASME setting up platform for companies to share good practices By NTUC is collaborating with the Association of Small and Medium Enterprises (ASME) to reach out to more SMEs and intensify their efforts on re-employ-ment, so that as many
      411 words
    • 268 9  -  CHEW XIANG By THE Inland Revenue Authority of Singapore (IRAS) will focus on electronics wholesale traders, small and medium manufacturers, motor traders and marine fuel traders for its goods and services tax audit this year. IRAS audits selected industries every year, and within each
      268 words
    • 620 9  -  LEE U-WEN COMMENTARY By F" ORTY-THREE world records tumbled in just eight days at the recently concluded world swimming championships in Rome and, truth be told, these new marks are likely to be never broken again. Not in the near future, at least,
      REUTERS  -  620 words
  • Page 9 Advertisements
    • 44 9 IBS pS3 33 fro Qii B MM gajMgmgUm New Category: SPBA-Special Merit II I Hffl H (For government agencies and non-profit organisations Rnl that are established for at least 3 yean) M m ulK^j Co-Organised By: Main Sponsor: CitiBUSiPIGSS CltlbSflk Supported By: j^ Singapore
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  • SME Inc
    • 736 10 Acumen Engineering plans to diversify its plastics business by exploring eco-friendly products, reports JESSICA YEO CUMEN Engineering is heading for greener A pastures as A part of its A plan to diversify beyond the plastics business. The company, started in 2000, is taking a slice of
      ARTHUR LEE  -  736 words
    • 434 10  -  RACHEL SIM By SMEs can adopt affordable and cost-efficient business continuity plans (BCPs), going by the experience of Transition Systems Asia. According to chief executive Jonathan Juay, implementing BCP has actually helped Transition systems cut fixed costs. The company's BCP is underpinned by technological
      434 words
    • 1231 10  -  ANG SWEE HOON COMMENTARY By EVERY year, consulting company Interbrand, with Business Week, ranks the world's top brands based on how much they can earn. Over the years, the rankings have remained largely unchanged, except for some musical-chair swapping and the occasional entry of
      1,231 words
    • 1133 11 Smartflex Technology is outshining its competitors and making strong gains in the smartcard industry, writes GU LELE, KUANG BIQING and SHEENA WEE HILE the credit crunch crisis may prove fatal for many manufacturing businesses operating in Asia, it will also demonstrate that good companies with
      ARTHUR LEE  -  1,133 words
    • 882 11 Mooreast is ready to sustain its growth on the strength of its business model, writes CHARLES LIM, FABIAN PHUA and YUE RUI SHENG WHEN the local maritime industry experienced a growth spurt in early 2007, Sim Koon Lam, managing director of Mooreast, knew the company
      JOHN HENG  -  882 words
    • 1397 12 THIS WEEK'S TOPIC Hiring appears to have resumed in some sectors. Is this true of your industry and if so, which kind of positions are available now? Angie Tang CEO Director Franklin Offshore Holdings Pte Ltd "IN view of the current economic condition and an outlook that is
      1,397 words

  • Page 11 Advertisements
    • 68 11 ENTERPRISE Celebrating Singapore's Enterprising Spirit 2009 Published every Tuesday and Thursday, this series is part of the Enterprise 50 Educational Project between the E5O partners and the NUS Business School. Smartflex Technology and Mooreast were among the E5O winners in 2008. The annual E5O ranking is co-organised by The Business
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    • 34 11 Call 6-594 7594 for more info or to join our SME Security Awareness seminar Stone Forest IT Micmsoft ppa yiiy OIUI IC lUI COL I I GOLD CERTIFIED ifflf MM www.StoneForestlT.com.sg Partner I lu^^^P
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  • Page 12 Advertisements
    • 1136 12 forum. mm is I SINGAPORE HAS// r>/Vw S MYPOINT A l]toir|a tlV MM's Malaysia visit -ti-Ll IVJII Id /~w M "I am confident plenty I ir^J, Q^" P(JOd will COmC OUt THE IT induslry is promoting a myth a vendoß^W U"■l t thai Singapore leads the world in Liutcs- General's
      1,136 words

  • ECONOMY WATCH
    • 593 13 Reuters Indonesia may be exception with likely rate cut as inflation hits 9-year low [SEOUL] Inflation in South Korea and Indonesia cooled further last month while prices in Thailand fell at a record pace, but analysts believe that Asian policy
      Reuters  -  593 words
    • 485 13 -AP But officials appear willing to extend jobless benefits [WASHINGTON] President Barack Obama's treasury secretary says that he cannot rule out higher taxes to help tame an exploding budget deficit and his chief economic adviser would not dismiss raising them
      -AP |; AP  -  485 words
    • 860 13 ■AP [BEIJING] The crowd in the packed Guosen Securities office jostles around buzzing printers that spit out receipts for their share buys, hoping to cash in on China's stimulus-fuelled stock market boom. "The central government has to fulfil their promise of 8 per
      ■AP; AP  -  860 words
    • 349 13 Bloomberg [FRANKFURT] Retail sales in Germany unexpectedly dropped for a second month in June as rising unemployment prompted consumers to trim spending in Europe's largest economy. Sales, adjusted for inflation and seasonal swings, decreased 1.8 per cent from May when they fell 1.3 per
      – Bloomberg  -  349 words
    • 609 13 Reuters But jobs being lost, albeit at the slowest pace in 13 months [LONDON] British manufacturing activity grew last month for the first time since March 2008, benefiting unexpectedly from the fastest flow of new orders since November 2007, purchasing
      Reuters  -  609 words

  • MALAYSIA/INDONESIA
    • 693 14 Most of the funding will be domestic; growth forecast to pick up to 5% in'lo [JAKARTA] Indonesia's president yesterday unveiled a 2010 budget that promises to trim the fiscal deficit with the help of an accelerating economy and aims to fund most of
      REUTERS  -  693 words
    • 509 14 Bloomberg [JAKARTA] Indonesia's benchmark stock index may gain the most since 1993 as a growing economy and easing inflation bolster companies' earnings, according to the manager of the nation's bestperforming fund. The stock index may advance to 2,600 by year-end, said Winston
      Bloomberg  -  509 words
    • 304 14 [KUALA LUMPUR] Malaysia's mineral wool insulation industry could grow by between RM4OO million (Ssl63 million) and RMSOO million a year, given the country's focus on green buildings, sustainable development and energy efficiency, says a report in Malaysia's Business Times, citing the Malaysian Insulation Manufacturers
      304 words
  • Page 14 Advertisements
    • 32 14 B^HHNHHIIBHBiB^HIBSH^^SKfebi, < ,r. r r-' v Sf^. *i^^^^^l^^ ■HbBb^9l^BHHßfa^. wHH^H^Hi n*,»w f^HHKß^^B&si I^V B Money Fund THE WkP lap STRAIT^TI^ The Business times s-^^^-^^^ yf'Z ifcuß^r I Fund APart<f\rk±!& VSSSSXSSISX STRAITSTIMES. i.iii.r.n. «,nJ-|
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  • SPH TURNS 25
    • 1435 15 SPH has in 25 years become one of the largest, most profitable media companies in the region, chewxiamg traces its roots "THE not so bright go into political science and sociology. When they cannot get a good job, they go on to journalism." That comment,
      Source: SPH  -  1,435 words
    • 1306 15 ST poses questions to SPH chairman Tony Tan and CEO Alan Chan How well has SPH progressed since its inception 25 years ago? Tony Tan (TT): SPH has grown and developed from a newspaper company to a multi-media organisation with different media platforms ranging
      1,306 words

  • CORPORATE ANNIVERSARIES
    • 1256 16 'No matter how capable the current leadership is or what they have accomplished, if they do not plan for succession to a future generation of capable leaders, decades of hard work and prosperity can unravel in a matter of years in the hands of the
      EU VAN SANG  -  1,256 words
    • 1025 18 Ascott plans to expand its presence through management contracts and selective investments in the Asia-Pacific, Europe and the Gulf region, reports uma shaimkari HOMEGROWN serviced residence firm The Ascott Group has come a long way since it was set up 25 years ago. In
      FILE PHOTOS  -  1,025 words
    • 1106 19 Boustead Singapore celebrated its 180 th year of existence last year and continues to make record profits, reports vehi sreerhvasan WHY do some companies struggle to survive, while others thrive, well over a century after they were established? It is a question which has
      1,106 words
    • 1138 20 After 50 years in the fashion retailing business and having undergone a few economic downturns, FJ Benjamin has learnt what it takes to survive, reports Arthur sim CHANGES in the business environment are inevitable. The ability to adapt to these changes quickly, however, will
      1,138 words
    • 1071 20 Singapore's evolution into a financial centre started way before it gained independence 44 years ago. jamie lee speaks to three banks that have been in Singapore for more than a century STANDARD Chartered Bank, known then as The Chartered Bank, was set up
      1,071 words
    • 940 21 A trusted name in traditional Chinese medicine, Eu Van Sang Int'l is now in the hands of a fourth-generation Eu, joyce hooi reports EU Van Sang International is every blackjack player's dream come true. The traditional Chinese medicine stalwart is a study in beating the odds,
      JOHN HENG  -  940 words

  • Page 17 Advertisements
    • 198 17 Ahmedaubaud A/x Bn Provence "THE" Ba,nfa.lore ASCOTT attack B^r<^e\on/su GROUP Be/'i-inej Wtmm^^m% i A Member of Capita Land Berlin Bordeaux C^brtu+jn* Z*s y^^rs of 3russ*ls Cannes Daf/n/nf 6r106a.l Ljv/nf th*.nn<u I jT k^atcltt. Lumpur 'i r~*»+^ H&l bourne. J i Hon-tpe.ll/e.r 0> Hos^ouj fe> Nun/^h hJjz,e. Pawn's Se.ou\ She.nz.he.n •<^^^
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  • Page 21 Advertisements
    • 129 21 in Boncher FU J! FILM able Able General Contractor Pricq/vaTerhouseQopers B 4111- UOB EEL Kodak storaenso^ SjXh wrh markptinn AUen&GiedMi Will 111 a I IXC, LMIVJ. EDMO ENGINEERING TRADING PTE LTD Aii^^ manroland I teckwah group# Q f\ IP IP for a better world™ manroland AG ICli^Wdll manroland Malaysia Sdn.
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  • GREATER CHINA/INDIA
    • 620 23 -Reuters, Bloomberg Domestic demand firm, but exports still weak [MUMBAI] Growth in India's manufacturing activity held steady in July amid robust local demand and a slight rebound in exports, but intense competition curbed companies' pricing power even as raw material costs jumped, a survey
      -Reuters, Bloomberg; REUTERS  -  620 words
    • 276 23 [MUMBAI] Mahindra Mahindra Ltd, India's biggest tractor maker, plans to use China as an export hub for farm equipment to lower production costs. The company may export as much as 30 per cent of its China production in five years, Bharat Doshi, group
      276 words
    • 360 23 -AP [BEIJING] A second man has died of pneumonic plague in north-west China, in an outbreak that has prompted authorities to lock down a town where about a dozen people were infected with the highly contagious and deadly lung disease, a state news agency
      -AP; Reuters Graphic  -  360 words
    • 746 23 Reuters Central bank fears record lending could lead to spike in bad loans: sources [SHANGHAI] China's banking regulator, concerned that record lending could lead to a spike in bad loans, may tighten banks' capital rules by excluding subordinated bonds they sell to other
      Reuters  -  746 words
    • 311 23 Reuters [NEW DELHI] India will make energy efficiency ratings a must for electric appliances, including air-con-ditioners and refrigerators, from January, stepping up domestic efforts to fight climate change, officials said. Power distribution transformers and fluorescent lights will also carry labels that provide
      ■ Reuters  -  311 words
    • 364 23 Reuters [KALGOORLIE, Australia] China may have overstocked on commodities, risking a slowdown in buying and a correction in prices in the second half of this year, top economist Nouriel Roubini said yesterday, also reiterating that the global recession would continue until year-end.
      – Reuters  -  364 words
  • Page 23 Advertisements
    • 105 23 lii'im s ;/k^\ PULSES OUT NOW The August issue is hot off the press. Top story: How do Temasek-linked companies fare? Also, find out what Star Hub CEO Terry Clontz said in his last media interview before the announcement of his retirement. PLUS, take a hike up Dempsey Hill and
      105 words

  • ASIA-PACIFIC/WORLD
    • 667 24 Reuters, Bloomberg Numbers point to higher energy demand while weak dollar supports price [LONDON] Crude oil rose to a one-month high to top US$7l a barrel yesterday as positive Chinese economic data and firmer equities bolstered hopes of economic
      Reuters, Bloomberg; AP  -  667 words
    • 350 24 Reuters [ROME] Injured Ferrari driver Felipe Massa left a Budapest hospital after nine days of treatment yesterday and said he hoped to make a swift return to Formula One. The 28-year-old fractured his skull in an accident during qualifying at last month's Hungarian
      Reuters  -  350 words
    • 625 24 -LAT-WP [LOS ANGELES] US auto dealerships found themselves with an unusual situation this weekend: crowds of buyers and a dwindling supply of cars. The overwhelmingly popular US$l billion federal effort to stimulate auto sales gave dealers another busy weekend capping nine days of
      -LAT-WP  -  625 words
    • 759 24 MT [TOKYO] Eiko Moori, a 24-year-old office worker, felt the pull of manga one day when she saw an ad on her mobile-phone screen. Because she grew up on a steady diet of manga, a form of Japanese cartoon, the
      MT; AFP  -  759 words
    • 152 24 Bloomberg [PARIS] Chi-X Europe Ltd, Europe's biggest alternative trading system, will connect traders to liquidity provided by partners including Knight Capital Group Inc and Citadel Investment Group LLC as it seeks to boost client choice. Chi-Vision will offer access to liquidity from Citadel
      Bloomberg  -  152 words
  • Page 24 Advertisements

  • WORLD
    • 694 25 Bloomberg Their holdings are up 15.6% from 2008, double the annual rate of 8% WASHINGTON] US lenders bailed out by the government are returning the favour by stepping up purchases of Treasuries, helping to temper a rise in borrowing costs. Bank holdings of
      Bloomberg; REUTERS  -  694 words
    • 354 25 -NYT [NEW YORK] John F Kennedy has not been president for more than 45 years, but one of his presidential speeches has become an integral part of a marketing campaign to sell wristwatches. A current print and television advertising campaign for the watchmaker
      -NYT  -  354 words
    • 695 25 NYT [NEW YORK] With its ability to collect articles and sell advertisements against them, Google has already become a huge force in the news business and the scourge of many newspapers. Now its subsidiary You Tube wants to do the same thing
      NYT  -  695 words
    • 681 25 Bloomberg [NEW YORK] Wells Fargo's US$l2.7 billion purchase of Wachovia Corp, meant to bolster deposits and mortgage operations, has deepened the company's commitment to investment banking as corporate stock and bond sales surge. Wells Fargo ranked 13th in the second quarter among underwriters
      Bloomberg; AFP  -  681 words
    • 494 25 NYT, AFP MOVe may come if it fails to respond to nuclear talks offer [WASHINGTON] The US administration is talking with allies and Congress about the possibility of imposing an extreme economic sanction against Iran if it fails to respond to President Barack Obama's offer
      NYT, AFP  -  494 words

  • AVIATION
    • 660 26 Reuters Brief jump in share price was triggered but it faces a tough environment ahead [HONG KONG] Hong Kong's top carrier Cathay Pacific Airways reported a bottoming out in weekly revenues, triggering a brief jump in its share price but signalled that it faces a tough
      Reuters  -  660 words
    • 140 26 Xinhua [JAKARTA] A plane lost contact on Sunday while flying from Sentani airport in Jayapura, the capital of Indonesia's Papua province, to Oksibil, the capital of Pegunungan Bintang regency, the Kompas daily reported yesterday. The Twin Otter plane, belonging to Merpati Nusantara Airways, was
      – Xinhua  -  140 words
    • 228 26  -  YEN SREENIVASAN By [SINGAPORE] Qantas has revamped its ticketing website www. qantas. com into a one-stop portal with a new look and a host of service enhancements. Qantas Airlines commercial group executive Rob Gurney said: "Now 10 years old, qantas.com attracts an average 7.5
      228 words
    • 202 26 [LANGKAWI] Jetstar is scheduled to launch flights between Singapore and Langkawi in October, Kedah Tourism Action Council chairman Othman Aziz said over the weekend. "We are confident the flights will bring more Singapore tourists and other tourists passing through Singapore to Langkawi,"
      Bernama  -  202 words
    • 200 26 -AFP [NEW DELHI] India vowed yesterday that it would not step in to help the country's ailing private airlines, which called off a planned stoppage over fuel tax and fees after the government promised to hold talks. The Federation of Indian Airlines (FIA), whose members
      -AFP  -  200 words
    • 227 26 -AFP [VIENNA] Budget airline owner Niki Lauda has portrayed Lufthansa's takeover of Austrian Airlines (AUA) as a catastrophe for Austria, after it made large concessions to secure the deal. "I'm surprised that Mr Proell (Austria's finance minister) is now selling this as a big success," the
      -AFP  -  227 words
    • 2676 26 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bourag Airlines (BOU), BR
      2,676 words
  • Page 26 Advertisements
    • 140 26 BT/ZUJI Deals of the Week DEAL OF THE WEEK ECONOMY CLASS (fr HOTEL (frs) BUSINESS CLASS (frs) Beijing $434 $63 $1,272 Malaysia Airlines Garuda Indonesia DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS WEATHER (frs) (frs) (frs) Bangkok $163 (JetstarAsia) $55 I $468 (Cathay Pacific) Cloudy Hong Kong $328 (JetstarAsia) $103 $1,705
      140 words
  • Page 26 Miscellaneous
    • 207 26 CRYPTIC CROSSWORD (6,4) 26 Killer harboured by Windsor 8 Unfinished business caused 23 Fashion etiquette (4) Castle (4) b Y ill-defined objective (5,3) YESTERDAY'S SOLUTION 27 Authority given for each 11 Digital photographs provid- ACROSS; A delegation (10) ing possible evidence? (12) g vio encei 0 B ytoni 2 Cream
      207 words

  • SHIPPING
    • 370 27 Bloomberg There are 20% more carriers for hire over next 30 days than cargoes [LONDON] A surplus of supertankers competing to deliver two million-barrel cargoes of Middle East crude was unchanged after a week in which oil companies hired more than half the ships that
      Bloomberg  -  370 words
    • 182 27 Bloomberg [LONDON] Roc Maritime Inc of Panama said it is co-operating with authorities to contain an oil spill after one of its commodity ships ran aground on Norway's south-east coast last week. Full City, the company's 167-metre, 26,758 dead-weight-ton vessel, was carrying about
      Bloomberg  -  182 words
    • 90 27 Reuters, AP [Den Helder, Netherlands] The warship 'HNLMS Evertsen' leaving the naval port, Den Helder, on Sunday for its anti-piracy mission in the Gulf of Aden. It is the new flagship of the military operation EU NAVFOR. The US Navy recently warned of increased pirate activity
      Reuters, AP; REUTERS  -  90 words
    • 864 27 -AP Beach that protects Port Fourchon being washed away [CAMINADA HEADLAND, Louisiana] The booming oil hub called Port Fourchon, a nerve centre in the nation's oil supply chain, is turning into a sitting duck for hurricanes as the beach that protects it from
      -AP  -  864 words
    • 365 27 Reuters [DUBAI] High costs to re-ex-port the commodity have moved traders to rethink a strategy to develop the United Arab Emirates into a trading hub for Malaysian palm oil. The UAE's palm oil imports from Malaysia fell nearly 50 per
      – Reuters  -  365 words
    • TRANSPORT STOCKS
      • 107 27 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.53 0.27 1.32 0.66 1.64 0.62
        107 words
      • 32 27 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 1.02 8.80 8.79 3.22 2.83 unch 0.02 0.05 -0.01 0.02 -0.01 unch 31 87 1132 95 13 0
        32 words
      • 12 27 '00 ■recious Ship Jegional Cont .16.40 ...9.85 0.20 0.15 164! 47!
        12 words
      • 8 27 '000 HK$ Vol toil .45.40 2.00 109!
        8 words
      • 26 27 '000 lug 3 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 18.75 2.06 unch 0.10 0.75 unch unch 31 4273 3 0
        26 words
      • 21 27 NTS Vol Evergreen Marine ....19.90 :irst Steamship 47.20 ManHai Lines 17.85 r"ang Ming Marine ..13.15 -0.10 0.80 1.15 0.50 2<
        21 words
      • 39 27 '000 Yen Vol :awasaki Hvylnd ..241.00 -3.00 1188) :awasaki Kisen 354.00 -3.00 73& /litsubishi Hvy 375.00 -4.00 ***** /litsui Eng&Sbldg ..238.00 -2.00 23K /litsui Osk Lines 589.00 12.00 1454! lippon Express 412.00 -23.00 919: lipponYusen 400.00 -5.00 516:
        39 words
    • 759 27 -AP [HONOLULU] A Maui tour company is paying the state of Hawaii nearly US$4OO,OOO for damaging more than 1,200 coral colonies when one of its boats sank at Molokini, a pristine reef and popular diving spot. Another tour operator faces penalties for wrecking
      -AP  -  759 words
  • Page 27 Advertisements

  • EDITORIAL & OPINION
    • 510 28 WHILE the market rallies over the past few weeks have certainly lifted sentiment, it may now be time for a serious reality check. If anything, the main headlines of the previous week added up to just one word: caution. The growing confidence in the market,
      510 words
    • 1050 28  -  PRAKASH PILLAI There're still plenty of opportunities for foreign investors, particularly in property sector By reeks of commercial opportunity is the real estate sector, comprising residential (housing), industrial (industrial parks, factories, plants), corporate (offices, research centres) and commercial (retail malls, hotels) developments. Liberalisation
      BLOOMBERG  -  1,050 words
    • 757 28  -  YOGI AGGARWAL THE BOTTOM LINE TWO recent seemingly unrelated events highlighted the possibilities of the Indian retail market and the kind of threat that it may pose for the foreign investor. A report released early last month by analyst A T Kearney,
      757 words
    • 1490 29  -  LEON HADAR Slide in opinion polls is making it difficult for him to win support on key legislation in health reform and climate change Washington Correspondent HE was elected as US president in the midst of the worst economic downturn since the Great Depression of
      REUTERS  -  1,490 words
    • 793 29  -  PAUL KRUGMAN -NYT AMERICANS are angry at Wall Street, and rightly so. First the financial industry plunged us into economic crisis, then it was bailed out at taxpayer expense. And now, with the economy still deeply depressed, the industry is paying itself gigantic bonuses. If you
      -NYT  -  793 words
    • 275 29  -  Lawrence Wong LETTER TO THE EDITOR WE refer to Mak Yuen Teen's letter "Removing recommendations (ratings) a regressive step" (BT, July 16, 2009). We disagree with Prof Mak's views and suggestion on the motive of SGX. The first objective of the Structured Module
      275 words


  • SINGAPORE STOCKS
    • 8855 30 Transaction date: Aug 3 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E j3 12 3 3148 8Telecom 8.5 2.5 5834 A-Sonic 24.5 12 5000 ABRHIdgs 13 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 73.5 26.5 5550 ARA 7 2.5
      8,855 words
    • 1608 31 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil 19 5 1181 s AAGrp 26 12 8538 t APStrategic 4 05 1501 s Advanced System 7.5 2 3480 t Adventus 23.5
      1,608 words
    • 412 31 Hii Low Code Comi fete fogol Hii Low Big seta Cvr P/E imil 110 100 6389 ABF SG Bond ETF 847 427 CIMBAsean40 100US$ 270 149 DBS STI ETF 100 3903 3534 DBXT DJE50 10US$ DBXTDJE50Sh 10US$ 3072 1682 DBXT FTChina25 10US$ 5268 3228 DBXT FTVietnam 10US$ 2333
      412 words
    • 249 31 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      249 words
    • 9341 31 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.965/ AIGIF Spore Bond Fund/ A 1.303/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.04/ APS Alpha Fund (USD)!** 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5136/ APS Komaba
      9,341 words
  • Page 30 Advertisements
    • 24 30 yJD DEFY TIME CONSTRAINTS 4L ""^T^ iUDEMARSPIGUET W(£&^ MILLENARY COLLECTION ":"^S^^^S^^^^ V^H^x y-^ I For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com S^^feteT^V Av >-*^^J
      24 words


  • FINANCE & COMMODITIES
    • 364 32 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jul 31 World Index Preliminary 751.0 0.3 10.8 0.6 13.7 0.6 13.1 t EAFE Preliminai 718.3 0.4 10.6 1.0 15.3 1.0 15.2 Euro[ Prelim inan 990.6 -0.2 8.7 0.6 15.2 0.6 15.1
      364 words
    • 190 32 Aug 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Sep 09 200.0 Oct09 198.1 NOV09 198.0 Dec 09 198.1 Jan 10 198.0 Feb 10 200.0 199.0 198.1 198.0 198.1 198.0 199.0 199.0 198.1 198.0 198.1 198.0 199.0 70
      190 words
    • 464 32 Aug 3 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.901 5.719 0.588 6.488 40.073 83.071 0.795 10.235 2.940 1.261 69.747 40.236 1.203 6.496 0.898 27.427 28.494 0.499 0.837 Canada 1.110 6.348 0.653 7.202 44.480
      464 words
    • 131 32 As at 9am Aug 3 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1920 1.2280 .an dollar 1.3260 1.3420 Euro 2.0380 2.0610 NZ dollar 0.9450 0.9650 iterlini ind 2.3910 2.4180 US dollar 1.4290 1.4450 Local dollars to 100 units of foreign
      131 words
    • 175 32 Aug 3 $S Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/2 ys$ 5/16 7/16 9/16 11/16 Offer 3/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.39 0.50 0.60 0.95 1.50 1.60 Offer 0.25 0.29
      175 words
    • 92 32 Aug 3 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi. Day's ill Low 3-Month BQ*****E 05.11.09 1-Year BY*****W 03.05.10 0.29 0.35 0.29 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hi, 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year
      92 words
    • 78 32 Aug 3 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** 3 mths 0.***** 0.***** 6 mths 9 mths 12 mths 0.***** 1.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 2.***** 4yrs 2.*****
      78 words
    • 175 32 Aug 3 GOLD (USS/oz) GOLD (USS/oz) Jul 31 AugO3 Hong Kong 933.80 952.60 934.80 953.60 Jul 30 Jul 31 London 935.70 940.45 936.50 941.25 Source: Thomson Reuters Jul 31 Au\ 03 GOLD BULLION COINS (S$) Selling Buying 1 oz 1532.24 1384 UBS GOLD LUNAR KINEBAR (S$) Selling Buying
      175 words
    • 100 32 Ju/3J SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Aug 09 1134.00 1128.25 1140.00 1110.50 Sep 09 1044.00 1029.00 1045.25 1027.00 Nov09 982.00 971.00 984.00 964.00 Jan 10 984.50 974.50 985.25 969.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low AugO9 35.06 34.93 35.28 34.53 Sep 09
      100 words
    • 77 32 CRUDE OIL PRODUCTS Jul 31 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 70.43 0.77 WTI (Near Mth) 69.29 2.11 Dubai (1-Mth F) 68.07 2.00 Tapis blend 74.05 2.00 Minas 70.50 2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S4.72 75.57 3.67 3.26 US$/barrel Opec Oil
      77 words
    • 157 32 Aug 3 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2026 1.2043 0.8370 0.8374 Canadian dollar 1.3348 1.3369 0.9290 0.9295 Euro 2.0453 2.0474 1.4235 1.4236 NZ dollar 0.9537 0.9551 0.6638 0.6641 Sterling 2.4098 2.4127 1.6772 1.6771 US
      157 words
    • 64 32 Jul 31 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1867.00 months 1890.00 1854.51 1879.01 Copper, Grade A (US$/tonne) :ash months 5719.50 5719.00 5604.5I 5602.0I .ead (US$/tonne) :ash 1859.00 months 1879.00 1799.51 1820.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00
      64 words
    • 74 32 Jul 31 :OCOA (Btonne) Close Prev Hii ih/Low SepO9 1810 1831 1830/1804 Dec 09 1835 1855 1854/1829 Mar 10 1838 1857 1848/1831 May 10 1831 1848 1841/1829 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1468 unch 1475/1460 SepO9 1504 1490 1505/1476 Nov09 1525 1515 1526/1500 SUGAR (US tonne) White
      74 words
    • 27 32 Aug 3 ten Hii Sett STI Aui 2656 IIMSCI Am 316.9 321.0 321.0 "aiwan Aui 256.2 256.7 254.0 Source: MF Global (S) He. Ltd
      27 words
    • 21 32 Aug 3 Bid Offer -month 1.4370 1.4385 !-months 1.4371 1.4386 i-months 1.4371 1.4386 >-months 1.4373 1.4388 Source: OCBC
      21 words
    • 62 32 Aug 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low AugO9 2360 2340 2360 2320 167 999 SepO9 2258 2315 2315 2250 2388 ***** Oct09 2232 2295 2296 2225 8612 ***** Nov09 2225 2287 2288 2216 2501 *****
      62 words
    • 281 32 Aug 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.5250 99.3000 99.0100 98.6050 6085 3685 4119 3170 EUROYEN TIBOR FUTURES SepO9 99.485 99.485 DecO9 Mar10 Jun10 Sep10 Dec10 99.380 99.380 Mar11 Jun11 99.485 99.380 99.485 99.490 99.485 99.450 99.395 99.350 99.265 99.205
      281 words
    • 2244 32 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 4.5 >036AdvanceSCTLtdW*****9 0.5 1 15 5 4.11 1 87 1491 11.00 57 12 )092 Asia Environment W*****4 0.5 1 38 60 48.00 0 S816# Asiasons Capital
      2,244 words

  • Page 33 Advertisements
    • 2591 33 m The Business Times Shipping Times Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE HIMIMI CotllVHOll Destination Destination uVwIV udUUllUdll STXPOTBN RTM/ANR/TIL STXPO TBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I dlllvll I lIV VA 911 I™ 0 UdjJW (111 II Jjl MIDDLE-EAST SERVICE F.E./S.E.A
      2,591 words

  • Page 34 Advertisements
    • 4213 34 f^i SI IFfFi EASTERN CAR LINER, LTD I i*smM*'i'i: !<«'■:■ L tffSl I*—-_—-1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS |i^^M MmHHmUHjIjU llllllllilTllllllll^^^^M I I '"UK!) I Lillinq(KT) I MNL I MUA I SIN I PKL I )KT I SURA I VOY 111 [ID DiSIINAMN PCL/PHL SERVICE AMX SERVICE
      4,213 words

  • PROPERTY
    • 1891 35 -AP Heavily in debt, Carlos Justo plans to create billion-dollar real estate team [MIAMI] It's the perfect Miami morning at Carlos Justo's penthouse warm and bright, with luxury yachts powering through the sparkling blue Atlantic Ocean some 30 stories below. Mr Justo, a 53-year-old
      -AP; AP  -  1,891 words
    • 339 36 [SINGAPORE] Property launches again attracted strong interest at the weekend days after the government warned buyers against over-committing themselves. "Our ground checks last weekend revealed that buyers continued to throng showflats," DMG Partners Securities analyst Brandon Lee said in a note yesterday. TID a
      339 words
    • 554 36  -  EMILYN YAP Some firms may expand as rents fall and the economy stabilises By [SINGAPORE] A plunge in Grade A office rents has raised Singapore's competitive edge somewhat. According to Colliers International, office occupancy costs here were the fourth-highest among 26 Asia-Pacific cities
      FILE PHOTO  -  554 words
    • 415 36 Bernama Projects in Selangor may be completed in 2016 or 2017 [RAWANG, Selangor] Property developer GuocoLand (Malaysia) Bhd plans to roll out several high-end projects in stages at Emerald Rawang in Selangor with a total gross development value (GDV) of RMI.7 billion (***** million).
      Bernama  -  415 words
    • 383 36 Bloomberg Capital raisings beef up balance sheets, cut default risks [SINGAPORE] Investors should buy bonds of Australian property developers including Stockland and GPT Group as balance sheets buoyed by share sales reduce the chance they will default on their debt, Nomura Holdings said. "Our
      Bloomberg; BLOOMBERG  -  383 words
    • 441 36 Reuters [SAO PAULO] Auctioneer Sotheby's has much experience dealing in expensive landscapes, but its real estate arm has now begun marketing Brazilian farmland as local and foreign money flows into its agriculture sector. Sotheby's International Realty opened an office in February in Mato Grosso do Sul,
      – Reuters  -  441 words
  • Page 35 Advertisements
    • 274 35 S^Zl IZI EX] KF Property Network PteLM Hf^iP^TwßPW^ ■'WfTflaHT'BtfT^BP^H PJ>^ Viva Novena (Next to United Square) ||fiSii^3i||Sillßiiifl ■y|?J|jjj|jj|| i 2y|||j£^^J^^^^^^^^^^J freehold 235 units 3 Towers 30-storey FACTORY FOR SALE FACTORY FOR SALE 2/3/3+s/4br/PH 957/1300/1500/1900/5000sf "TV Freehold 176 units sitting on 248,000 sf Rare Resort Lifestyle! jgiiM SKlljl A purpose-built single-storey
      274 words
    • 181 35 We Are The Property Arm Of A SGX-Listed Company With Diverse Interests In Retail, Property And Financial Businesses. We are looking for residential and/or commercial sites suitable for redevelopment, including vacant land, old houses, shophouses, enbloc properties, conservation houses and buildings. We are willing to offer reasonable prices for suitable
      181 words

  • Page 36 Advertisements
    • 23 36 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. SAT3 NOTICES
      23 words