The Business Times, 7 July 2010

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Total Pages: 35
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, July 7,2010
    23 words
  • Article, Illustration
    Lock icon Best bet is productivity, not more foreign labour
    557 1  -  Minister sketches out response to a tight labour market By CHUANG PECK MING [SINGAPORE] WHEN the property market heated up recently, the government took steps to cool it. But don’t expect the authorities to let in more foreign workers to ease the
    ARTHUR LEE  -  557 words
  • Article
    Lock icon Downtime nightmare could cost DBS dearly
    815 1  -  Banks strive to keep downtime below one hour a year; DBS braces for backlash By WINSTON CHAI [SINGAPORE] As the inquest into the breakdown of DBS Bank’s network continues, it appears that the bank’s showing fell short of the reliability benchmarks laid out by
    815 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 ?ST INDEX 2,868.02 (+24.00) ?ST INDEX FUTURES 2,868 (+24) ?SIMSCI 340.41 (+2.32) ?SIMSCI FUTURES 341.00 (+3.00) FOREX US$ S$ US$ (S$ per US$) 1.389 (US$/S$ per 1.520 2.111 EURO (US$/S$/E) 1.260 1.749 Foreign currency per US$ S$ YEN 87.90 63.30 RM 3.206 2.309 HK$ 7.790 5.610 BAHT 32.42
    143 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      495 2 DBS may count cost of downtime nightmare AS the inquest into the breakdown of DBS Bank’s network continues, it appears that the bank’s showing fell short of the reliability benchmarks laid out by the Monetary Authority of Singapore. FRONT PAGE Best bet is productivity, not more foreign labour
      495 words
    • Article, Illustration
      Lock icon Cost of hosting YOG likely to touch $387m
      674 2  -  Almost $260m of this will go to local companies by way of tenders, contracts By LEE U-WEN [SINGAPORE] The government has projected that the cost of hosting next month’s inaugural Youth Olympic Games (YOG) will touch $387 million more than three times
      FILE PHOTO  -  674 words
    • Article, Illustration
      Lock icon Parkway deems Seow ‘not independent’
      629 2  -  By EMILYN YAP [SINGAPORE] Parkway Holdings’ nominating committee (NC) has deemed vice-chairman Richard Seow unfit for the role of independent director, given his agreement with majority shareholder Fortis Healthcare. The NC was unaware of the details of the agreement until they were disclosed in a
      629 words
    • Article
      Lock icon AgBank said to raise US$19.2b in share sale
      470 2 Bloomberg [HONG KONG] Agricultural Bank of China Ltd (AgBank) is raising US$19.2 billion in an initial public offering (IPO) after setting a final price for shares on sale in Hong Kong and Shanghai, said five people with knowledge of the matter. China’s
      Bloomberg  -  470 words
    • Article, Illustration
      Lock icon Steady rise in Q2 electricity demand
      563 4  -  Improved economic activity in S’pore reason for pick-up in demand By RONNIE LIM [SINGAPORE] Electricity demand in Singapore continued to climb strongly in the second quarter reflecting the pick-up in economic activity here, just-released Energy Market Company data showed explaining the spate of planned
      FILE PHOTO  -  563 words
    • Article
      Lock icon Primus may have halted HLB’s EON bid
      574 4  -  By S JAYASANKARAN THROUGH representations in the High Court of Malaya yesterday, lawyers acting for Primus Pacific Partners may have effectively halted a takeover bid by Hong Leong Bank (HLB) for EON Capital. Primus, a 20.2 per cent shareholder of EON Capital, is
      574 words
    • Article, Illustration
      Lock icon Australia raises bar to further rate hikes
      563 4 Bloomberg [SYDNEY] The Reserve Bank of Australia signalled it’s prepared to refrain from further interest-rate increases in coming months as signs mount that economies around the world will slow. Central bank governor Glenn Stevens yesterday kept the benchmark cash rate at 4.5 per
      Bloomberg; REUTERS  -  563 words
    • Article
      Lock icon Self-radicalised Singaporean detained under ISA
      675 4  -  MHA says two others get Restriction Order By CHUANG PECK MING [SINGAPORE] The government has detained, under the Internal Security Act (ISA), a full-time Singapore Armed Forces national serviceman with links to Muslim radicals and a militant. The Ministry of Home Affairs (MHA), which announced
      675 words
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      119 2 s,E Public Lecture Series 2010 '.QUALITY CLASS for Private Education Organisations The Future of Shopping in Singapore; People, Passion and Profit Presented by: Professor Philip Pearce BA, DipEd(Adel), DPhil(Oxf) Foundation Professor of Tourism James Cook University Australia Free Admission Light refreshments will be served RSVP to Ms Laiza Ma I
      119 words
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      155 3 sfes: n il M I 0 t w When boundaries are pushed... When you are free to express yourself... When living zones are redefined... New high floor loft apartments for sale A prime investment opportunity Attractive prices from $1,650 psf Call *****000 or visit our showflats at 83 Cairnhill Road
      155 words
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      210 4 For The First Time In Asia Malcolm Gladwel I International Best Selling Author of 'The Tipping Point (2000)', 'Blink (2005)' and 'Outliers (2008)' One of 100 Most Influential People Time Magazine 2005 One of 100 Top Global Thinkers Foreign Policy Magazine 2009 CRITICAL INGREDIENTS TO UNLIMITED SUCCESS 20 August 2010,
      210 words
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  • COMPANY NEWS
    • Article
      Lock icon DBS’s IT fiasco: a delayed baptism of fire for Gupta
      506 5  -  HOCK LOCK SIEW By SIOW LI SEN UNDER guidelines for Singapore banks on Internet banking and technology risk management, it is noted that “users of Internet banking services expect to be able to access the online systems 24 hours every
      506 words
    • Article
      Lock icon Hotel Grand Central buys hotel at Surfers Paradise for A$47m
      276 5  -  By KALPANA RASHIWALA SINGAPORE-listed Hotel Grand Central has signed conditional agreements to buy an Australian hotel and its business for A$47 million (S$55.1 million). The price for the Courtyard by Marriott Surfers Paradise, Queensland, works out to about A$116,000 per
      276 words
    • COMPANY NEWS
      • Article
        Lock icon US court dismisses suit: Riverstone
        52 5 RIVERSTONE Holdings said that the US District Court Northern District of Georgia has dismissed the suit between Tillotson and some defendants including its Malaysian unit, Riverstone Resources Sdn Bhd. Parties involved are to bear their own costs and lawyer’s fees. Riverstone is a maker of
        52 words
      • Article
        Lock icon Unionmet posts narrower Q2 loss
        68 5 UNIONMET (Singapore) yesterday reported narrower losses for the second quarter ended May 31 compared to a year ago. Net loss for the quarter was US$37,000 against a net loss of US$1.93 million a year ago. Revenue grew strongly to US$7.45 million, up from US$1.61 million
        68 words
      • Article
        Lock icon Sunmart’s July 15 EGM postponed
        136 5 SUNMART Holdings, which is proposing a dual listing on the KOSDAQ Market of the Korea Exchange (KRX), has postponed an extraordinary general meeting (EGM) scheduled for July 15 which was to have been held to approve the dual listing and other matters. The postponement is
        136 words
      • Article
        Lock icon Transcu asks for trading suspension
        51 5 TRANSCU Group has asked for the suspension of trading in its shares from 9am today. It said last night that it is in discussions on a rights issue and/or placement to fund research and development, other business operating costs, and to “address its current liquidity
        51 words
    • Article
      Lock icon Sucrogen will help Wilmar’s Indonesia push
      453 5  -  Wilmar to kickstart sugar cultivation at Indonesia site By CHEW XIANG WILMAR International bought Australia’s Sucrogen to kickstart sugar cultivation in Indonesia, where it has secured a 200,000ha concession in Irian Jaya, chief executive officer Kuok Khoon Hong said yesterday. Wilmar bought Sucrogen in
      453 words
    • Article, Illustration
      Lock icon Temasek report may reveal extent of asset shift, succession
      664 6 It has been expanding into energy, commodities and agriculture Reuters SINGAPORE wealth fund Temasek Holdings is expected to show the extent of its portfolio shift towards the resources sector and may provide clues about leadership changes when unveiling its annual report
      Reuters; FILE PHOTO  -  664 words
    • Article
      Lock icon Golden Agri unit rebuts Greenpeace
      298 10  -  Smart has hired 2 certification bodies to verify claims of unsustainable deforestation By RACHEL SIM THE battle between Golden Agri-Resour-ces and Greenpeace over the conservation group’s allegations that the company has continued to carry out what it regarded as unsustainable deforestation has yet to see
      298 words
    • Article
      Lock icon Etika buys noodle firms for $2.9m
      236 10  -  By NICHOLAS YEO ETIKA International Holdings has agreed to acquire two Indonesian companies PT Sentrafood Indonusa (PTSF) and PT Sentraboga Intiselera (PTSB) for $2.9 million. PTSF and PTSB are involved in the manufacture and distribution of the Salamie and Cintamie in- stant noodle brands.
      236 words
    • Article, Illustration
      Lock icon SingTel makes shopping breezier via 3 mobile apps
      348 10  -  They cover mall directions, property, and product prices By GLENN CHEE SINGAPORE Telecommunications launched three mobile applications yesterday that could make shopping in Singapore more convenient for consumers on the move. The three applications, Go! Shopping, Property Buddy, and Price Pal, were
      348 words
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      76 words
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      678 6 JJASONMARINEGROUPLIMITED Compan RegistrationNo *****6601W (Incorporated theRepublicofSingapore) NOTICEOFANNUALGENERALMEETING NOTICE HEREBYGIVEN thattheAnnualGeneralMeetingof asonMarineGroupLimited(the“Company”)willbeheldat194 andan LLoop#06-05 antechBusinessHubSingapor *****3 Frida 23 uly2010at11:00a.m. ansacttheollowingbusiness: ORDINAR USINESS .1 1. TToo rreceiv andadoptthe uditedFinancial atements orthe inancial earended31March2010andtheRepor oftheDir ctors andthe uditorsthereon. (Resolution1) .2 2. TToo appr theDirectors’eesofS$68,750.00 orthe inancial earended31March2010. (Resolution2) .3 3. TToo rre-electthe ollowingDirectors
      678 words
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      271 7 Best Available Rates Featured Promotions Partnership Programmes Exclusive Member Deals Australia Bahrain Belgium China France Georgia Germar India Search Results: Australia > Sydney Somerset Darling Harbour, Sydney ia Germany India Indonesia I Japan Kazakhstan Korea, South Malaysia Philippines Qatar Russia Singapore m M w MM i Spain Thailand United Arab
      271 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Bargain-hunting gives STI a lift
      602 8  -  Index rises almost one per cent, in line with regional markets’ upbeat performance STOCKS LYNETTE KHOO Correspondent SINGAPORE’S stock market enjoyed a lift yesterday as investors, inspired by the rise in Asian markets, went on a hunt for bargain stocks. Despite jittery trading in the
      Source: Bloomberg  -  602 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jul 6 VALUE CLOSE BT OB/OS -275.00 +272.0 BT CADI -*****.00 +174.0 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 693.44 +4.86 FTSE ST Small Cap 523.30 +6.36 FTSE ST All Share 706.26 +5.92 FTSE ST China Top 259.22 +2.86 FTSE ST China 284.36 +3.39 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Genting SP 102,503,000 Golden Agri 62,277,000 Healthway 46,698,000 Noble Grp 33,109,000 Bund Center Inv 29,735,000 TopGlobal 28,004,000 Z-Obee Hldgs 23,173,000 Ban Joo 21,398,000 Asia Food&Prop 19,553,000 Cosco Corp 18,650,000 VALUE($) Genting SP 118,786,370 UOB 64,857,540 Noble Grp 56,676,430 Wilmar 49,332,773 DBS Grp 49,100,900 Keppel Corp 48,574,630
      60 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 5 0 0 0 8 3 5 Manufacturing 74 24 67 5 3 11 79 27 78 Commerce 21 10 20 3 0 3 24 10 23 Tpt/Stor/Comms 22 3 10
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Sembcorp Industries
        254 8 July 6 close: S$4.16 CIMB Research, July 6 SEMBCORP Industries (SCI) announced that Cascal has withdrawn its previous recommendation that its stockholders reject the tender offer by SCI and instead expresses no opinion and remains neutral on the offer. The tender offer will expire on July 8 and
        Source: Bloomberg  -  254 words
      • Article
        Lock icon Wilmar International
        235 8 July 6 close: S$5.95 Citi Investment Research, July 5 WILMAR is buying Sucrogen Ltd (CSR’s sugar renewable energy business) for A$1.75 billion (S$2.07 billion). Sucrogen has exposure across the sugar value chain. It is the largest Australian raw sugar producer and second largest exporter of raw sugar globally,
        235 words
      • Article
        Lock icon Swing Media
        419 8  -  Compiled by LYNETTE KHOO Swing July 6 close: S$0.05 DMG Partners Securities, July 6 FY10 results were better than forecasted, with outlook remaining bullish. Optical media manufacturer Swing Media saw sales improve 25.7 per cent to HK$798 million (S$142 million), while net profit appreciated 13.3 per cent to
        419 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,620 36,620 77,508 77,508 Manufacturing 231,270 4,112 235,382 218,146 228 218,374 Commerce 103,893 6,531 110,424 108,992 2,300 111,292 Tpt/Stor/Comms 88,138 58 88,196 171,452 8 171,460 Finance 15,913 10 15,923 166,883 1 166,884 Construction 14,185 42,314
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 2.060 +0.010 CapitaLand 3.630 +0.020 CapitaMall 1.950 +0.020 CityDev 11.120 +0.060 ComfortDelGro 1.450 DBS Grp 13.960 +0.060 F&N 5.200 +0.200 Genting SP 1.170 +0.020 Golden Agri 0.535 +0.005 HK Land 4.920 +0.060 JMH 37.300 +0.860 JSH 21.580 +0.220 Jardine C&C 30.740
      112 words
    • Article, Illustration
      Lock icon Australia $, euro rise with risk appetite
      480 8 Australia euro rise with risk appetite CURRENCIES Reuters [NEW YORK] The Australian dollar rallied yesterday after an upbeat assessment of the global economy by the Reserve Bank of Australia (RBA) spurred appetite for high-yielding currencies, while rising risk demand also helped boost the euro. This put the dollar under broad
      Reuters; AFP  -  480 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP JMH 3730 119.4 2.4 DBXT MSTaiwan 10US$ 1502 40.3 2.0 Lyxor China H 10US$ 1463 36.1 1.8 JSH 2158 30.5 1.0 DBXT CSI300 10US$ 818 29.2 2.6 F&N 520 20.0 4.0 Pru 500US$ 756 19.4 1.9 IS MSCI India 100 693 18.1 1.9 DBXT MSINDO
      114 words
    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4228-145.8 -2.4 DBXT S&P Short 10US$ 5661 -79.1 -1.0 DBXT MSBrazil 10US$ 600 -68.0 -7.6 Lyxor EmergingMkts 1 940 -38.9 -2.9 DairyFarm 715 -23.6 -2.3 DBXT MSEmer 10US$ 345 -15.3 -3.1 Lyxor Apex50 10US$ 359 -13.9 -2.7 Lyxor Nasdaq100 10US 689 -12.5
      128 words
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      100 9 A world class production State-of-the-art FPSO for Brazil’s Peregrino field Keppel Shipyard and Maersk FPSOs celebrate the naming of a Floating Production Storage and Offloading (FPSO) vessel, Maersk Peregrino, on 3 July 2010. Customised to handle the heavy crude oil of Brazil’s Peregrino field, the vessel is another milestone project
      100 words
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      2030 10 FABCHEM CHINA LIMITED (Incorporated in the Republic of Singapore on 12 October 2004) (Company Registration Number: *****3128G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FABCHEM CHINA LIMITED will be held at 39 Fishery Port Road, Jurong, Singapore *****5 on Thursday, 22 July
      2,030 words
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      52 10 Conserved shophouses with 6-storey new extension in historic location 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber Flooring STRATA OFFICES FOR SALE LIMITED UNITS Exclusive Marketing Agents 9699 6659 Jeannie 9223 9317 Patrick Developer Hong How Investments Pte Ltd A Hong How
      52 words
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  • SINGAPORE NEWS
    • Article
      Lock icon BG Group on the lookout for more LNG deals
      483 11  -  Firm to recommend Queensland Curtis project for approval later this year By RONNIE LIM SINGAPORE’S appointed LNG buyer, BG Group, which has just secured its first non-power customer an oil refining and petrochemicals operator here is talking with a number of
      483 words
    • Article, Illustration
      Lock icon C Kunalan to spearhead Sports Alumni
      327 11 SINGAPORE'S best-known athlete, former sprinter C Kunalan will spearhead the Sports Alumni, a newly formed association for ex-state sporting representatives and other illustrious names from the sporting world next month onwards. Mr Kunalan told BT that his role as senior manager is to enhance
      ARTHUR LEE  -  327 words
    • Article
      Lock icon Crackdown on lorry drivers flouting the law
      237 11 THE Land Transport Authority (LTA) and traffic police intensified enforcement against errant lorry drivers for two weeks from June 22 to July 6. Tan Hiok Seng, LTA’s director of enforcement and investigations, said: “LTA takes a serious view of those who continue to
      237 words
    • Article
      Lock icon Trade with EU expected to rise this year
      476 12  -  FTA between EU and Singapore could be signed early next year: official By TEH SHI NING TRADE between the European Union and Singapore is expected to increase this year despite worries over the impact of Europe’s debt woes, head of the EU
      476 words
    • Article, Illustration
      Lock icon UOL, CDL to release condos for preview this week
      527 12  -  By KALPANA RASHIWALA AT least two new condos are expected to be released this week 368 Thomson and The Terrene Bukit Timah. UOL Group and LaSalle Investment Management are jointly developing The Terrene on the former Rainbow Gardens site in the
      527 words
    • Article
      Lock icon Better business seen by most in H2: survey
      335 12  -  By FELDA CHAY MOST companies here expect business to keep growing for the rest of the year despite headwinds from the world’s largest economies, according to a survey by recruitment firm Ambition. About nine out of 10 of 445 Singa-pore-based executives surveyed
      335 words
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      399 11 YOUR U.S. TRADING DESERVES BETTER. 1 PAY LESS: Enjoy Low Commission at US$9.99 per trade* GET MORE: New Upgrades of Power E*TRADE Pro Fully redesigned active trading platform in 2010 Useful Order Types for Risk Management Streaming Options Analytics Nasdaq Total View Free Research Reports Market News US$200 Commission Rebate
      399 words
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      310 12 ALMA1 Beijing Seoul Kuala Lumpur Bangkok Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways
      310 words
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  • SERVICE INNOVATION
    • Article, Illustration
      Lock icon Customer driven innovation
      1430 13  -  Service innovation is shifting from focusing on products to centre on customers, reports TEH SHI NING TEH SHI NING THE service innovation strategies employed by businesses are shifting from a focus on products, to centre on customers instead, say marketing academics. But converts to the customer driven
      FILE PHOTO  -  1,430 words
    • Article
      Lock icon Focus on customer-centric strategies
      317 13  -  By TEH SHI NING CUSTOMER-DRIVEN innovation will be one of several approaches discussed at the Global Conference on Service Excellence later this month. Among the international speakers engaged for the conference are V Kumar of Georgia State University’s Robinson College of Business, and Lluis Martinez-Ribes of
      317 words
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      338 13 DATE INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY 21 July: Master Class 22 July: Plenary Sessions VENUE Singapore Management University Administration Building 81 Victoria Street Singapore *****5 WHO SHOULD ATTEND CEOs, COOs, ClOs, MDs, GMs, key decision makers FEE MasterCiass: S $1,000 Plenary Sessions: S $500 Fees are inclusive of
      338 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Service sector’s expansion in June less than forecast
      468 14 Hiring up less than expected, consumer confidence plunges, home purchases fall LATEST US DATA Bloomberg [WASHINGTON] Service industries in the United States expanded in June at a slower pace than forecast, indicating the economy was beginning to cool entering the second half.
      Bloomberg; AFP  -  468 words
    • Article, Illustration
      Lock icon Aussie trade surplus swells to 14-month high
      489 14 A$ edges up in an apparent reprieve for the currency Reuters [SYDNEY] Australia’s trade surplus swelled to the third highest on record in May as exports of gold, wheat and coal all surged, a dramatic turnaround that should help insulate domestic growth from
      Reuters; REUTERS  -  489 words
    • Article
      Lock icon N Korea economy seen shrinking further
      383 14 AFP [SEOUL] North Korea’s economy is expected to continue shrinking this year after South Korea cut off most trade in protest at the sinking of a warship, a report said yesterday. “The North is very likely to see its economy shrink this year,” said
      AFP  -  383 words
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      2134 14 WATS NOTICES BUY IT-SELL IT-FIND IT ENERSAVE CHINA ENERSAVE LIMITED (Incorporated in the Republic of Singapore) (Regn No. *****6776D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twelve Annual General Meeting of the Company will be held on 23 July 2010 at 2.45 p.m. at Raffles Corporate
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Wrangling hits M’sian kampung’s redevelopment
      632 15  -  Residents, politicians oppose govt plan to redevelop 110 years old settlement in KL By Kuala PAULINE NG in Kuala Lumpur THE enormous potential of the enclave notwithstanding, the proposed redevelopment of a Malay settlement located in the shadows of the Petronas Twin Towers in Kuala
      THE STRAITS TIMES FILE PHOTO  -  632 words
    • Article
      Lock icon Greenpeace slams Sinar Mas over deforestation
      522 15 Reuters [JAKARTA] Greenpeace yesterday levelled new accusations of rainforest destruction against Indonesian agribusiness giant Sinar Mas and urged retailers Carrefour and Walmart to stop buying their products. Several top palm oil buyers, including Unilever and Nestle, have said they will stop buying from Sinar
      Reuters  -  522 words
    • Article
      Lock icon Budget will set pace for economy: Najib
      319 15 Bernama [KUALA LUMPUR] The 2011 Budget, which will be tabled on Oct 15, will set the pace to transform Malaysia into a developed and high-income economy by 2020, said Prime Minister Najib Razak. “This will be achieved through the four pillars of national
      Bernama  -  319 words
    • Article
      Lock icon M’sia mulls raising rates for the third time: poll
      260 15 Reuters [KUALA LUMPUR] Malaysia’s central bank may raise rates for the third time in five months after strong economic growth in the first half, but it could be a close call, with many analysts believing it will keep rates on hold
      Reuters  -  260 words
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      1819 15 OFFICE SPACE FOR LEASE New office space 1010 sqm overlooking waterfront Warehouse space available (if required) Located in Loyang Offshore Base HALLIN CORPORATE SERVICES PTE LTD For enquires, please contact Linda 6546 0341 or email linda.a@hallin.com.sg THE THINK ENVIRONMENTAL CO LTD (the “Company”) (incorporated in Bermuda) NOTICE OF ANNUAL GENERAL
      1,819 words
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  • CHINA/INDIA
    • Article
      Lock icon China reserves agency defends asset strategy
      418 16 Safe says it skirted heavy losses during the global crisis; sees stable returns Reuters [BEIJING] The managers of China’s hoard of currency reserves defended their investment record yesterday, saying that they had avoided big losses during the global crisis and voicing confidence they could
      Reuters  -  418 words
    • Article
      Lock icon Monsoon rains fall all over India ahead of schedule
      292 16 Reuters AFP [NEW DELHI] India’s annual monsoon rains, a key factor that drives its economy, have covered the vast country after a sluggish spell, a top weather official said yesterday, boosting the outlook for farm products and rural income. “The monsoon
      Reuters; AFP  -  292 words
    • Article
      Lock icon China set to become No 1 IPO market in 2010: PwC
      292 16 AFP [SHANGHAI] China is on track to become the world’s biggest initial public offering (IPO) market this year in terms of both the number of new listings and funds raised, according to business advisers PricewaterhouseCoopers (PwC). The total number
      AFP  -  292 words
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      3596 16 :*AT^ BUY IT-SELL IT- F NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BPC RISK MANAGEMENT SERVICES PTE. LTD. (In Members’Voluntary Liquidation) CO. REG. NO. *****8163R Extract of the Minutes of an Extraordinary General Meeting of BPC RISK
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      945 16 NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg WESTECH ELECTRONICS LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0445D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Westech Electronics Limited (the “Company”) will be held at 10 Ubi
      945 words
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      27 17 WE WERE THERE WHEN SINGAPORE GREETED THE FIRST INTERNATIONAL TRADERS. WE WERE THERE WHEN SINGAPORE ENTERED THE INDUSTRIAL REVOLUTION. WE WERE THERE CONTRIBUTING TO SINGAPORE'S ECONOMIC TRANSFORMATION
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      433 18/19 OCEAN FINANCIAL CENTRE WE WELCOME A NEW BUSINESS ERA. S55 org. A ii 2010 Ss! Si Ff:is:. ly'.H i S! as liaise Sis i I OCEAN FINANCIAL CENTRE. as sas ■■•2 liS& ■•222 Minn >:•: RaB2BS!*q SI m&ssphiv Ul; Miuiwg&Pi'ini »j'li 1 iiSiiilftl 2§ ■•£22 ■•22 SISIlii i m I
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      303 20 W mm A J0* 'li z «Sg§??5 j iiflB Ml rt ■r~~ AV ■..< OCEAN FINANCIAL CENTRE IN i: r f* Ocean Financial Centre is leading the way towards a sustainable future. The building of the future will house advanced eco technologies that will achieve overall energy savings of 35%
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  • ASIA-PACIFIC
    • Article
      Lock icon Financial crisis boosts CFO standing: E&Y
      568 21  -  Shift in perception of finance function to an enabling partner to business By MICHELLE QUAH [SINGAPORE] The global financial crisis has boosted the standing of chief financial officers (CFOs) around the world, creating an unprecedented demand for the financial expertise of such professionals, says
      568 words
    • Article, Illustration
      Lock icon IMF raises Korea’s 2010 growth forecast to 5.75%
      504 21 June current-account surplus to increase to US$3.8b: Seoul AFP Bloomberg [SEOUL] The International Monetary Fund (IMF) yesterday raised its growth forecast for South Korea for this year to 5.75 per cent, pointing to an impressive recovery from the global crisis. Asia’s fourth-largest
      AFP; Bloomberg; BLOOMBERG  -  504 words
    • Article
      Lock icon NZ recovery ‘may be stalling’: survey
      409 21 AFP [WELLINGTON] New Zealand’s ex-port-led recovery may be stalling, according to a business-confidence survey released yesterday. The New Zealand Institute of Economic Research’s (NZIER) quarterly survey of business opinion found renewed weakness in manufacturing, construction and investment intentions in the June quarter. Small firms,
      AFP  -  409 words
    • Article
      Lock icon Philippine inflation signals steady rates in Q3
      394 21 Reuters [MANILA] Philippine inflation unexpectedly slowed to a seven-month low in June, reinforcing expectations a week before a central bank review that the key policy rate will be held at a record low at least until the fourth quarter. The Philippines, which imports
      Reuters  -  394 words
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      2068 21 THE STYLE MERCHANTS LIMITED (Company Registration Number: *****) (Incorporated in Bermuda on 24 January 2000) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of THE STYLE MERCHANTS LIMITED (Formerly known as NeteLusion Limited) (the “Company”) will be held at Function room: Tanglin 1, Level
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  • WORLD
    • Article, Illustration
      Lock icon UK economy grows strongly in Q2: survey
      595 22 But a clampdown on govt spending may plunge it back into recession, it warns Reuters [LONDON] Britain’s services sector enjoyed its strongest growth for two years over the past three months and manufacturing grew strongly, but tougher times may be ahead as firms
      Reuters; REUTERS  -  595 words
    • Article, Illustration
      Lock icon Sarkozy linked to L’Oreal cash scandal directly
      634 22 AFP [PARIS] President Nicolas Sarkozy was directly linked for the first time to L’Oreal heiress Liliane Bettencourt’s murky finances yesterday, with claims that his presidential campaign received 150,000 euros (S$262,000) in cash. An aide to Mr Sarkozy dismissed the latest reports as “totally
      AFP  -  634 words
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      64 22 Do you know this logo? L J 1 A 1 I I I b in cash! Simply logon to WWW.doyOllknOW.Sg and tell us which directories this logo belongs to and be in the draw to win $100,000, $15,000 worth of multimedia products, as well as one of many weekly attractive
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  • WORLD CUP
    • Article, Illustration
      Lock icon Germany looking to blitz goal-shy Spain
      663 23  -  But Spanish striker Villa is seeking to break Gonzalez’s goal record of 44 SEMI-FINAL PREVIEW By LEE U-WEN MOST football purists would agree that a meeting between Germany and Spain would grace any major final. The two European giants did exactly that two years
      PHOTOS: REUTERS, AFP  -  663 words
    • Article, Illustration
      Lock icon German angst as psychic octopus picks Spain to win
      329 23 AFP [BERLIN] The cries of despair from all around Germany could probably be heard in South Africa as a “psychic” octopus named Paul tipped Spain to beat Germany in tonight’s football World Cup semi-final. The eight-legged oracle who has accurately predicted
      AFP  -  329 words
    • Article
      Lock icon Statistics point to some ‘home’ advantage
      536 23  -  Perceived benefits for ‘home’ teams fade from Q-finals By CHU SINGFAT The writer is Associate Professor of Business Analytics at the National University of Singapore Business School. He has published articles using World Cup data to illustrate fundamental concepts (and misconceptions) in statistics SINCE
      536 words
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      144 23 A STAR ALLIANCE MEMBER Singapore to Europe from SG$ 1188* Amsterdam Hamburg Moscow Barcelona Bologna Athens Madrid Istanbul Munich Zurich Paris Vienna Dusseldorf Stockholm Manchester k Free accomodation or free city sightseeing tour in Istanbul. Turkish Airlines takes you to more than 60 cities in Europe and over 160 cities
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  • EDITORIAL & OPINION
    • Article
      Lock icon Kan moves to the political centre
      471 24 EDITORIAL JAPAN’S Prime Minister Naoto Kan sees himself as pragmatic and decisive compared to his predecessor Yukio Hatoyama who was politically more ideological. This difference is manifesting itself in relations between government and business which appear to be warming as Mr Kan makes concessions
      471 words
    • Article, Illustration
      Lock icon Will trade deal with China pay off for Taiwan’s Ma?
      771 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ONLY a week after Taiwan signed the equivalent of a free trade agreement (FTA) with China, the impact is already being felt across the region. A
      771 words
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      Lock icon It’s not the dollar-yuan rate that’s the problem
      1107 24  -  US should work towards closing its huge fiscal deficits and encouraging personal saving By RONALD I MCKINNON The writer is a professor of international economics at Stanford University. The opinions expressed are his own Bloomberg I’LL say it at the outset: focusing
      Bloomberg; AFP  -  1,107 words
    • Article, Illustration
      Lock icon Will voters back DPJ again on Sunday?
      1447 25  -  Analysts have begun to talk about a possible grand coalition government being formed if the election is inconclusive ANTHONY ROWLEY Tokyo Correspondent SUMO and soccer events have been riveting Japan’s attention in recent weeks and only now that these events are over is
      REUTERS  -  1,447 words
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      Lock icon Fossilised thinking more harmful than fossil fuels
      587 25  -  BURKHARD VARNHOLT The writer is CIO of Bank Sarasin THE oil disaster in the Gulf of Mexico is probably the worst environmental catastrophe in American history. It will be remembered as a historical turning point and possibly even as the start of a
      587 words
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  • Transport HUB
    • Article
      Lock icon State of shipping: mixed messages
      761 26  -  It’s ‘a mood of renewed optimism tempered by underlying caution’ STRAIT TALK By DAVID HUGHES RECENT press releases landing on my desk have carried decidedly mixed messages about the economic state of health of the shipping industry. For those looking for signs of real recovery
      761 words
    • Article
      Lock icon Anchor Ship may use fund to buy dry-bulk vessels
      302 26 It plans to start raising 200b yen for new fund in Sept Bloomberg [TOKYO] Anchor Ship Investment Co, Japan’s largest ship-fund manager, said it may invest part of a planned 200 billion yen (S$3.16 billion) fund on its first dry-bulk vessels
      Bloomberg  -  302 words
    • Article
      Lock icon Keppel on track with FPSO conversion
      225 26 [SINGAPORE] Keppel Shipyard is on track to complete the conversion of a floating production, storage and offloading (FPSO) vessel for Maersk, a long-time customer. In a naming ceremony on Saturday at Keppel Shipyard, sponsor Eva Ruud named the vessel Maersk Peregrino. Mrs Ruud is
      225 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Jakarta to spend over 1t rupiah to expand Bali airport terminal
        191 27 Xinhua [JAKARTA] State airport operator PT Angkasa Pura I has allocated more than one trillion rupiah (S$153 million) in new investment to finance the expansion of the international terminal at Ngurah Rai International Airport in Bali, The Jakarta Post
        Xinhua  -  191 words
      • Article
        Lock icon US long overdue in meeting Taiwan’s F-16 request: ex-official
        390 27 Updated model will help narrow defence gap with China Reuters [WASHINGTON] The United States is “way past due” to meet Taiwan’s request for updated F-16 fighter jets to help plug a growing gap with China, said a former US official overseeing
        Reuters  -  390 words
      • Article
        Lock icon Macquarie cuts ratings of Taiwan’s airlines
        85 27 Bloomberg [TAIPEI] Taiwan’s airlines industry was downgraded to “underweight” from “overweight” at Macquarie Group Ltd which cited a risk of slower cargo demand growth and a possible decline in fares on cross-strait flights next year. China Airlines Ltd and EVA Airways Corp were both
        Bloomberg  -  85 words
      • Article, Illustration
        Lock icon EU court upholds blocking of Aer Lingus takeover
        360 27 EC decision allowing Ryanair to keep minority stake in Irish rival upheld AFP Reuters [LUXEMBOURG] The European Union’s general court barred no-frills airline Ryanair from taking over Aer Lingus yesterday but said that Ryanair could keep a minority stake in its Irish
        AFP; Reuters; BLOOMBERG  -  360 words
      • Article
        Lock icon Reports of planes denied refuelling ‘false’, says Iran
        446 27 EU tightens curbs on airspace use by Iran Air on safety concern AFP [TEHERAN] Iran said yesterday that claims made by some Iranian officials that its passenger planes were being denied refuelling by airports in Britain, Germany and the United Arab Emirates
        AFP  -  446 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2976 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 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
        2,976 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon BMW powers into third place
        501 28  -  Fellow German marques Merc, VW and Audi also ride high in Top 10 list Reports by SAMUEL EE [SINGAPORE] BMW has powered ahead to overtake traditional rival MercedesBenz at half-time, based on estimated sales figures. Sales from January to June point to BMW being Singapore’s
        501 words
      • Article
        Lock icon Toyota and Kia tie for S’pore’s top model
        327 28 SINGAPORE’S top model is a tie between a mature Japanese unit and a younger and prettier Korean. From January to June this year among authorised distributors sales of the Toyota Corolla Altis and Kia Cerato Forte were identical at 1,242 units. Another
        327 words
      • Article, Illustration
        Lock icon Toyota starts recall of Lexus, Crown cars
        525 28 More than 95,000 vehicles in Japan, S Korea affected AP [TOKYO] Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South Korea over the latest trouble for the
        AP; BLOOMBERG  -  525 words
      • Article
        Lock icon Taxis prove cheaper than rides on Greece’s bloated railroads
        256 28 Bloomberg [ATHENS] Railroads in Greece lose more money than anywhere else in Europe, underlining the magnitude of the task facing Prime Minister George Papandreou as he tries to rescue his country from the debt crisis that threatens the viability of the
        Bloomberg  -  256 words
      • Article, Illustration
        Lock icon Nissan’s Infiniti to come with hybrid system, 2 clutches
        449 28 It’s also packing in green technology in conventional cars AP [YOKOHAMA] Nissan is readying a new hybrid system for its Infiniti luxury model, which is set to go on sale later this year, while revamping technology for regular gas engines to
        AP; AFP  -  449 words
      • Article
        Lock icon Toyota to make Etios engines in India
        154 28 Reuters [TOKYO] Toyota Motor Corp yesterday said it would invest about nine billion yen (S$143 million) to produce engines and transmissions for the Etios compact car in India developed for the local market. Local unit Toyota Kirloskar Auto Parts, held 90 per cent
        Reuters  -  154 words
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      Lock icon Page 26 Advertisements Column 1
      232 26 The best-run_PROJECTS run BEN I IIMEL" J "1 I Sottas o 0 D **K9f 'as m ■Wtfp /i Read this only if YOUR BUSINESS DEALS with FPSO Conversions, Construction Projects, Oil Gas Projects or Turnarounds We understand YOUR PAIN: "Your worker is ordering materials on one side, there are labour
      232 words
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      Lock icon Page 26 Advertisements Column 2
      43 26 SHIPPING WNTED SOC 1. GENERALMANAGEROPERATIONS 2. STOWAGEPLANNER 3. TARIFF/BOOKINGCO-ORDINATOR Bengal iger Line leading rnational eeder rrequires enthusiastic andhandson eamplaers expandand ntribut existingbusinessactivities IInntteerrested candidaesshouldha least 10 ears experienc andbeselfmotiv edandwilling tra AAppli ations hr@btl-feeders om X > I m HBSlW®® eWS m tW www.radio9l3.com
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      Lock icon Page 26 Advertisements Column 3
      31 26 T r, I JERRY LUM Marketing Director, MBA. CES itua HP: 8288 0098 View: jerrylum.myweb.sg ft#,ft. 世 http://south-africa-2010.omy.sg 网灵第 VODCAST PODCAST @Blog GALLERY 快 http://blog.omy.sg/south-africa-2010 Lingzhi@South Africa http://twitter.com/lingzhiSA2010
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      354 27 CRYPTIC CROSSWORD Across 1 Traveller may take along this immoral woman (7) 5 Artist on track in struggle to survive (3,4) 9 Fellow eating last of cobbler before cheese (7) 10 Beginning to coach more promising staff (7) 11 Graduate twice brought in to reshape one’s old school (4,5) 12
      354 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8815 29 Transaction date: Jul 6 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 18 7.5 3148 8Telecom 16 +0.5 100 16 16 15.5 16 1.7 11.3 5.1 76.6 10 5.5 5834
      8,815 words
    • Article
      Lock icon SGX CATALIST
      1628 30 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 10 5 1181 t AA Grp 5 4.5 5.5 27.8 4.8 22.5 13 8538 t APStrategic 18 -2 150 18 18 18
      1,628 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9357 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.5715/ Asian Credit Fund 1.2386/ Asian
      9,357 words
    • Article
      Lock icon SGX ETF
      777 30 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 $mil 117 107 6389 ABF SG Bond ETF 117 +1 1 117 117 111 117 534.1 883 632 CIMBAsean40 100US$ US845 846 851 33.8 306
      777 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 30 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 $mil 56 27.5 6000 AVJennings A42 39 47 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US19 +0.5 1073 19 18.5 18.5 19
      255 words
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      50 29 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 •SINCERE HAUTE HORLOGERIE SINCERE HILTON SINGAPORE (65) 6738 9971 WATCHES OF SWITZERLAND PARAGON (65) 6732 9793
      50 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 31 In local curr In S$ In US$ dy yr dy yr dy yr Jul 5 Index Change Change Change Change Change Change World Index Preliminary 755.3 -0.1 -9.3 -0.1 -12.1 -0.3 -11.5 EAFE Preliminary 702.4 -0.1 -10.5 -0.3 -15.8 -0.5 -15.2 Europe Preliminary 1005.4 -0.4
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 31 Jul 6 $S Offer Bid Overnight 0.08 0.03 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.55 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Jul 6 S$ Bid Offer 1-month 1.3879 1.3889 2-months 1.3876 1.3887 3-months 1.3874 1.3885 6-months 1.3867 1.3878 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 31 Jul 6 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1540 1.1890 Can dollar 1.3020 1.3180 Euro 1.7360 1.7560 NZ dollar 0.9480 0.9690 Sterling pound 2.0970 2.1220 US dollar 1.3900 1.4060 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 31 Jul 6 Open High Sett STI Jul 2868 SIMSCI Jul 338.3 341.3 341.0 Taiwan Jul 257.3 262.4 262.0 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 31 Jul 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2340 2398 2397 2340 39 3447 Aug 10 2317 2330 2336 2308 1551 ***** Sep 10 2293 2301 2306 2277 9535 ***** Oct 10 2281 2282
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      412 31 Jul 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.4000 0 2745 Dec10 99.2950 0 1946 Mar11 99.1950 0 1421 Jun11 99.0600 0 1745 EUROYEN TIBOR FUTURES Sep10 99.6675 99.6675 99.6675 99.6675 151 3407 Dec10 99.6750 0 1272 Mar11 99.6800 0 1909 Jun11 99.6750 404
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    • Article
      Lock icon SICOM FUTURES
      143 31 Jul 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 342.0 Sep 10 315.0 Oct 10 310.0 310.0 310.0 12 Nov 10 305.0 305.0 305.0 12 Dec 10 305.0 305.0 305.0 12 Jan 11 305.0 Feb 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 31 Jul 6 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 07.10.2010 0.32 0.26 0.26 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.55 104.59 104.55 5-Year N*****0N 1.375 01.10.2014
      91 words
    • Article
      Lock icon CHICAGO BOT
      105 31 Jul 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 962.75 953.50 967.25 950.50 Aug 10 944.50 937.00 948.50 934.75 Sep 10 916.25 915.50 922.25 912.75 Nov 10 905.75 905.50 912.50 903.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 36.01 35.87 36.32
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 31 CRUDE OIL PRODUCTS Jul 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 71.18 -0.50 WTI (Near Mth) 71.74 -0.47 Dubai (1-Mth F) 70.41 -0.49 Tapis blend 76.60 -0.35 Minas 73.10 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 66.50 -0.27 Jet Kerosene 81.70 -0.75 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2228 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 unch 142 1 15 6.00 46 4085 ASJ Hldgs W*****1 3 1 4 8 2.17 19 2036 Advance SCT Ltd W*****9 0.5 1 87 2817
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 31 Jul 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.899 5.748 0.674 6.609 39.678 76.929 0.746 10.376 2.720 1.223 72.576 39.364 1.178 6.533 0.900 27.315 27.503 0.558 0.848 Canada 1.112 6.391
      465 words
    • Article
      Lock icon SIBOR
      85 31 Jul 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 31 Jul 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1774 1.1789 0.8482 0.8487 Canadian dollar 1.3092 1.3110 0.9431 0.9438 Euro 1.7480 1.7498 1.2593 1.2597 NZ dollar 0.9626 0.9642 0.6935 0.6941 Sterling pound 2.1099 2.1120 1.5200 1.5204
      154 words
    • Article
      Lock icon PRECIOUS METALS
      143 31 Jul 6 GOLD (US$/oz) Jul 06 Jul 05 Hong Kong 1212.10 1210.10 Jul 05 Jul 02 London 1206.60 1205.60 1207.40 1206.40 Source: Thomson Reuters CAST BAR Jul 06 (S$) Selling Buying Kilobar 58,264.71 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 54 5gm 370.22 272 10gm 662.33
      143 words
    • Article
      Lock icon LONDON METALS
      70 31 Jul 5 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1910.25 1911.50 3 months 1937.00 1936.50 Copper, Grade A (US$/tonne) Cash 6439.75 6380.00 3 months 6469.00 6410.00 Lead (US$/tonne) Cash 1739.50 1728.75 3 months 1765.00 1753.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      82 31 Jul 5 COCOA (£/tonne) Close Prev High/Low Jul 10 2557 2555 2556/2516 Sep 10 2400 2378 2403/2369 Dec 10 2212 2199 2216/2190 Mar 11 2178 2164 2181/2153 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1688 1729 1708/1688 Sep 10 1710 1750 1738/1705 Nov 10 1708 1748 1735/1704 Jan 11
      82 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5325 32 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.
    5,325 words
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      33 33 I' P Can they FREIGHT I find .y° ur m services FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      33 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon A balancing act
      1272 34  -  It’s a battle of global recovery versus fiscal austerity with clear skies some distance away HAREN SHAH The writer is senior investment specialist at Citi Private Bank MARKETS seem to be emerging from a bad patch of turbulence but it may still be too early to turn
      Source: Bloomberg. As of June 08, 2010. Half-Yearly Returns: H2 ‘09 (July-December 2009), H1 ‘10 (January – June 08, 2010); Source: Citi Investment Research and Analysis. As of June 23,2010  -  1,272 words
    • Article, Illustration
      Lock icon Property bonds slump sets off default fears
      1306 35 Yield spreads widen on falling US employment and home sales Bloomberg [NEW YORK] Bonds sold by real-estate companies are performing the worst compared with the rest of the market since March 2009 on concern the slowing economic recovery will cause more defaults. Yield
      Bloomberg; AFP  -  1,306 words
    • Article
      Lock icon Capital curbs won’t deter HSBC’s bond buying in Asia
      382 35 Reuters [HONG KONG] Indonesian and South Korea measures to control capital inflows are “sensible”, said the Asia fixed-income head of HSBC Global Asset Management, and won’t deter the firm from buying bonds from these two countries. Cecilia Chan said HSBC liked
      Reuters  -  382 words
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      79 34 MARKETS get thinking FX/CFD trading Guaranteed market prices for all Share CFDs. Low commission on over 7000 global shares automatic rebates for high-volume traders on Singapore stocks. Go long or short with margins from just 10%. Limit your risk with Guaranteed Stops and Trailing Stops. Find all you need to
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      Lock icon Page 35 Advertisements Column 1
      88 35 unning late in filing w y(» l Aur accounts? Call 6-222 6868 to find out more today. AccountServe www.AccountServe.com.sg Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. ts U/ If J" i-M, Win 2 Tickets To Exotic
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      50 35 Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG Zhang Yanling, Executive Vice President, Bank of China, PRC Nicholas Lardy, Senior Fellow, Peterson Institute for International Economics, USA Fang Fenglei, Chairman, Hopu Investment Management, PRC Liu Yonghao, Chairman, New Hope Group, PRC and many more…
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      79 36 CIMBBANK QCIMB preferred Free withdrawals atCIMB ATMs across the region. Withdrawing money overseas can be expensive and inconvenient. Unless you're a CIMB ATM cardholder. Southeast Asia's most extensive ATM network is now fully integrated and free for all CIMB Group customers*. No one makes banking in Southeast Asia easier. For
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