The Business Times, 8 July 2010

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Microfilm: NL30727
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, July 8,2010
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  • Article, Illustration
    Lock icon Buyers have landed, they’re mostly local
    729 1  -  Foreigners may be in the spotlight, but profile of landed property buyers sticks to trend Reports by KALPANA RASHIWALA [SINGAPORE] Recent high-profile purchases of bungalows on Sentosa Cove by Chinese citizens may have given the impression that foreigners (including PRs) have been snapping up
    Source: CBRE Research, URA Realis  -  729 words
  • Article
    Lock icon Trends emerge as foreigners hunt for landed homes
    301 1 [SINGAPORE] Districts 15 (which includes Katong, Telok Kurau, East Coast Road and Siglap) and 4 (which includes Sentosa Cove) have been the most popular among foreigners buying landed homes this year up to June 8. They are followed by Districts 19, 10
    301 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ?ST INDEX 2,861.03 (-6.99) ?ST INDEX FUTURES 2,861 (-7) ?SIMSCI 336.79 (-3.62) ?SIMSCI FUTURES 335.80 (-5.20) FOREX US$ S$ US$ (S$ per US$) 1.391 (US$/S$ per 1.509 2.099 EURO (US$/S$/E) 1.258 1.750 Foreign currency per US$ S$ YEN 87.20 62.70 RM 3.215 2.312 HK$ 7.792 5.604 BAHT 32.48
    141 words
  • Article, Illustration
    Lock icon BP probes mass flight of its S’pore oil traders
    446 1  -  It wants to know why almost entire fuel oil team quit By RONNIE LIM [SINGAPORE] BP is investigating “issues” surrounding the departure of some 18 traders, believed to be mainly from its Singapore operations or almost its entire fuel oil trading
    446 words
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      53 1 BizIT Local PC shipments to grow 13.6% PAGE 29 COMMENTARY An arc of growth from Asia to Africa PAGE 21 PROFILE Mak Yuen Teen leaves corporate governance unit PAGE 7 OPINION High time Asia had its own currency unit PAGE 20 MALAYAN MOTORS PROPERTY Ocean Financial Centre 63% pre-committed PAGE
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      14 1 BP’s finances remain strong enough, Page 4 Hayward meets UAE SWF officials, Page 4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      665 2 Buyers have landed, they’re mostly local RECENT high-profile purchases of bungalows on Sentosa Cove by Chinese citizens may have given the impression that foreigners (including PRs) have been snapping up more landed homes of late. But not only do Singaporeans remain the predominant buyers of landed homes here,
      665 words
    • Article, Illustration
      Lock icon Thiam expected to say sorry at AGM
      482 2 Reuters [LONDON] Prudential chief executive Tidjane Thiam is expected to apologise directly to shareholders when the insurer holds its annual general meeting next Monday, days after it was humiliatingly forced to pull its US$35.5 billion bid for AIG’s Asian arm. The botched bid,
      Reuters; FILE PHOTO  -  482 words
    • Article, Illustration
      Lock icon Outsourcing prematurely blamed for DBS outage?
      574 2  -  Analysts stress need to ensure there’re checks and balances to manage contracts By WINSTON WINSTON CHAI [SINGAPORE] While the witch-hunt continues, the practice of outsourcing technology functions appears to take an early rap for DBS Bank’s recent consumerbanking outage. But analysts reckon the lesson
      FILE PHOTO  -  574 words
    • Article
      Lock icon ICBC mulls over US$6.6b Shanghai IPO
      709 2 Analysts say AgBank pricing largely in line with expectations Reuters [HONG KONG] Industrial and Commercial Bank of China (ICBC), the world’s most valuable lender, may tap investors for up to US$6.6 billion, sources said, joining Agricultural Bank of China (AgBank), which priced its initial
      Reuters  -  709 words
    • Article
      Lock icon Europe imposes caps on banker bonuses
      510 2 AFP [STRASBOURG] The European Parliament yesterday sounded the death knell for unrestricted banker bonuses, blamed in part for causing the global financial crisis, approving limits from January. MPs said the limits showed the EU was leading the way on one of the most contentious
      AFP  -  510 words
    • Article, Illustration
      Lock icon Tentative resurgence in IPOs globally: E&Y
      611 4  -  But recent numbers still considerably lower than during pre-crisis By MICHELLE QUAH [SINGAPORE] There has been a tentative resurgence in initial public offerings (IPOs) this year especially in Singapore. This comes in the wake of the nascent global recovery coinciding with volatility in the
      Source: Dealogic, Thomson Financial, Ernst & Young  -  611 words
    • Article
      Lock icon BP ‘can weather impact’ of rig disaster
      484 4  -  Oil giant reportedly in talks with SWFs to take stake in group By RONNIE LIM [SINGAPORE] BP’s finances remain strong enough to weather the impact of its Gulf of Mexico rig disaster, BP officials stressed in Singapore yesterday, even as reports said that
      484 words
    • Article
      Lock icon PICTET FUNDS
      267 4 Pictet-Absl Rtn Glo Cons-P EUR 02.07.2010 EUR 97,02 Pictet-Absl Rtn Glo Div-P EUR 02.07.2010 EUR 105,78 Pictet-Asian Equities Ex Japan-P USD 02.07.2010 USD 150,69 Pictet-Asian Local Currency Debt-P USD 02.07.2010 USD 130,44 Pictet-Biotech-P USD 02.07.2010 USD 238,19 Pictet-CHF Liquidity-P 02.07.2010 CHF 124,12 Pictet-Clean Energy-P USD 02.07.2010 USD 69,87
      267 words
    • Article, Illustration
      Lock icon US exports up 17% in first 4 months of year
      417 4 Hike in line with Obama’s strategy to double exports AFP [WASHINGTON] The White House announced yesterday a surge in US exports of almost 17 per cent in the first four months of 2010, touting success in President Barack Obama’s strategy
      AFP; AP  -  417 words
    • Article, Illustration
      Lock icon Hayward meets UAE SWF officials, BP share price rises
      905 4 Reuters AFP [ABU DHABI] BP’s boss met officials from an Abu Dhabi state fund yesterday as hopes for fresh investment and progress towards closing a leaking US oil well lifted the company’s battered shares. A United Arab Emirates official said chief
      Reuters; AFP  -  905 words
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      33 4 NEW ZEALAND PREMIUM PROPERTIES Evening Exhibition, call in for a casual chat on solid investment opportunities. Tonight 5pm 7pm. Exhibition, Level 58 Republic Plaza, 9 Raffles Place Ph 81 739 838 sales@nzpremiumproperties.com www.nzpremiumproperties.com
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      21 4 LUnll 7lBbl« r i i;siK(ste aiHU uw f) jg To advertise your Notices Call toll-free 1800 289 8822 or email notices@sph.com.sg
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  • COMPANY NEWS
    • Article
      Lock icon Parkway share price stays above rival bids
      459 5  -  Khazanah begins talks on loans that will allow it to raise its offer: report By NISHA RAMCHANDANI PARKWAY Holdings shares gained three cents to close at $3.87 yesterday, ahead of today’s 5.30pm voting deadline for Khazanah Nasional’s $1.18 billion partial offer for the
      459 words
    • Article
      Lock icon World Cup fever takes a bite out of SGX turnover
      417 5  -  By LYNETTE KHOO THE World Cup fever that has been taking its toll on world stock markets has not spared the Singapore bourse as well. Average daily turnover (ADT) of securities on the Singapore Exchange has slumped as World Cup
      417 words
    • COMPANY BRIEFS
      • Article
        Lock icon Santak Holdings issues loss warning
        94 5 SANTAK Holdings warned that it expects to report “materially lower revenue and a loss before taxation” for the financial year ended June 30, 2010. “The turnover for second half of FY2010 (2H2010) is expected to be lower than first half ofFY2010 (1H2010). The loss before
        94 words
      • Article
        Lock icon Tuan Sing to give up control of Pan-West
        116 5 TUAN Sing Holdings said that it has ceded management control of Pan-West (Private) Limited following an agreement to sell an 11 per cent stake in the latter. Tuan Sing’s wholly owned subsidiary, TS Planet Sports Pte Ltd, which holds 60 per cent
        116 words
      • Article
        Lock icon NISP Sekuritas ceases to be OCBC associate
        53 5 OCBC Bank said that that its subsidiary, PT Bank OCBC NISP Tbk, has sold its 45 per cent stake in PT NISP Sekuritas for 46 billion rupiah or S$7 million. Following the sale, PT NISP Sekuritas has ceased to be an associated company
        53 words
      • Article
        Lock icon China Gaoxian unit buys land in Zhejiang
        51 5 CHINA Gaoxian Fibre Fabric Holdings said a unit has entered into an agreement with the local government of Balidian Town, Huzhou City, Zhejiang Province, China to acquire land, totalling 247,200 square metres, for 200 million yuan. It made the acquisition because of expansion
        51 words
    • Article
      Lock icon Just a re-classification
      177 5 PARKWAY’S Nominating Committee has clarified reports in the media yesterday on the committee’s assessment, saying that the announcement on Tuesday merely re-classified Mr Richard Seow’s independent director status. “Mr Seow had always in the past exercised his independent business judgement with a view to the best interest
      177 words
    • Article, Illustration
      Lock icon Smartflex offers 13m IPO shares at 22 cents each
      366 6  -  Firm hopes to raise about $1.76m in net proceeds from the Catalist listing By RACHEL SIM SMARTFLEX Holdings Ltd has launched its initial public offering (IPO) for its proposed listing on Catalist. The company is a provider of integrated circuit module
      FILE PHOTO  -  366 words
    • Article
      Lock icon Asian bank bonds seen as a buy
      469 6 Bloomberg [SINGAPORE] Bonds sold by Asian banks are a buy because wider spreads don’t reflect the underlying strength of the borrowers, and robust finances mean they’re more likely to gain as risk sentiment improves, according to Amias Berman Co and Morgan Stanley. “We
      Bloomberg  -  469 words
    • Article, Illustration
      Lock icon Call on Wal-Mart and Yum to stop buying from Sinar Mas unit
      856 6 Greenpeace accuses Asia Pulp Paper of destroying rainforest and peat land Bloomberg [JAKARTA] Greenpeace urged Wal-Mart Stores Inc, the world’s largest retailer, and Yum! Brands, Inc to stop buying from Sinar Mas Group’s pulp paper unit, accusing the
      Bloomberg; REUTERS  -  856 words
    • Article, Illustration
      Lock icon Mak Yuen Teen leaves corporate governance unit
      824 7  -  He’ll still lead the GTI with BT and CPA Australia, planning to take it regional PROFILE By MICHELLE QUAH THE man synonymous with the development of corporate governance in Singapore has parted ways with the institution he helped set up almost a decade
      FILE PHOTO  -  824 words
    • Article, Illustration
      Lock icon Court of Appeal rules in Clement Lee’s favour
      616 7  -  His business partner breached a Mareva injunction against him By CHEW XIANG LIFEBRANDZ chairman Clement Lee has won a minor court battle against a business partner in an ongoing dispute over investments in a Myanmar gold mine. On Tuesday, the Court of
      616 words
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      277 words
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      36 6 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
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      40 6 THE SIXMONTH PLAN What brides-to-be need to do before their big day INDIA AT THE WORLD CUP Yes, its presence is there on the sidelines and on the pitch GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      170 6 How to run a business without running out of ideas. i ni. SME MAGAZINE INNOVATE TO BE THE BEST THAT WE CAN BE Heattc |Irtong go« all out to improve productivity July/August issue out now! •When modifications in business models result in innovation. Doing what it takes to make it
      170 words
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      59 7 mmmffice flnme Conserved shophouses with 6-storey new extension in historic location 24 boutique SOHO offices 549 18Q8sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber Flooring STRATA OFFICES FOR SALE LIMITED UNITS TOP obtained Exclusive Marketing Agents 9699 6659 Jeannie 9223 9317 Patrick Developer Hong How Investments Pte
      59 words
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      351 7 t- \MJSmartflex Holdings Ltd. (Incorporated in the Republic of Singapore on 17 February 2010) (Company Registration No. *****3501R) INITIAL PUBLIC OFFERING Closes 12 noon, 15 July 2010 SMARTFLEX Your Smart Link to the Future We are a comprehensive provider of integrated circuit (IC) module assembly and testing services for contact
      351 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Break from turbulence for market?
      593 8  -  Poser arises following the end of three-week losing streak on Wall Street STOCKS VEN SREENIVASAN Senior Correspondent IS the market poised to break out of the month-long turbulence? Or is this the beginning of a new bear market amid renewed concerns of a dou-ble-dip recession?
      Source: Bloomberg  -  593 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Jul 7 VALUE CLOSE BT OB/OS -373.00 -98.00 BT CADI -*****.00-101.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 691.06 -2.38 FTSE ST Small Cap 519.48 -3.82 FTSE ST All Share 704.23 -2.03 FTSE ST China Top 257.14 -2.08 FTSE ST China 286.64 +2.28 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Eastgate Tech 200,400,000 Genting SP 98,332,000 ChinaNTown 59,463,000 Golden Agri 56,008,000 SwingMedia 54,002,000 Bund Center Inv 46,948,000 UMS 34,600,000 Noble Grp 25,310,000 EcoWise 18,995,000 Healthway 18,746,000 VALUE($) Genting SP 114,220,660 UOB 62,617,000 CapitaLand 51,630,440 SingTel 47,580,100 DBS Grp 45,397,780 Wilmar 43,562,798 Noble Grp 42,937,890 OCBC Bk
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 9 7 0 0 0 1 9 7 Manufacturing 39 54 65 3 8 5 42 62 70 Commerce 17 18 20 0 4 5 17 22 25 Tpt/Stor/Comms 8 23 9
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon CapitaCommercial Trust
        430 8 July 7 close: $1.26 OCBC Investment Research, July 7 CLOSER to selling StarHub Centre?: The Business Times reported late last month that CapitaCommercial Trust (CCT) could be close to selling StarHub Centre. GuocoLand and Frasers Centrepoint group were said to have participated in the expression of interest exercise.
        430 words
      • Article
        Lock icon Wilmar International
        601 8  -  Compiled by LYNETTE KHOO July 7 close: $6.00 CIMB Research, July 7 SUGAR to be the next pillar of growth: Wilmar hosted an analysts briefing to shed more light on its recent proposed acquisition of a 100 per cent stake in Sucrogen from CSR Ltd for A$1.75 billion
        601 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,713 29,713 51,568 51,568 Manufacturing 477,747 4,106 481,853 199,190 263 199,453 Commerce 75,885 2,692 78,577 109,100 897 109,997 Tpt/Stor/Comms 67,624 50 67,674 138,669 7 138,676 Finance 16,217 16,217 167,701 167,701 Construction 24,922 11,583 36,505 4,009
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 2.040 -0.020 CapitaLand 3.590 -0.040 CapitaMall 1.950 CityDev 10.940 -0.180 ComfortDelGro 1.430 -0.020 DBS Grp 13.800 -0.160 F&N 5.230 +0.030 Genting SP 1.140 -0.030 Golden Agri 0.525 -0.010 HK Land 5.050 +0.130 JMH 39.340 +2.040 JSH 23.040 +1.460 Jardine C&C 31.000
      112 words
    • Article, Illustration
      Lock icon Euro slides from 7-week high vs US$
      470 8 CURRENCIES Reuters [NEW YORK] The euro fell from sev-en-week highs against the dollar yesterday on concerns about the growth outlook for the global economy and as investors scrutinised details of plans to test the financial health of European banks. A European committee of
      Reuters; BLOOMBERG  -  470 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 3487 479.7 11.0 JMH 3934 283.6 5.5 JSH 2304 203.0 6.8 DBXT Nifty 10US$ ***** 101.5 0.6 DBXT MSEurope 10US$ 3682 87.6 1.7 DBXT S&P Short 10US$ 5697 50.1 0.6 DBXT STGLDv100 10US$ 2538 43.1 1.2 DairyFarm 740 34.8 3.5 Jardine C&C
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    • Article
      Lock icon FALLS
      119 8 BY CENTS CLOSE DOWN GLD 10US$ *****-349.0 -2.1 BMT 750 -50.0 -6.3 DBXT E50 10US$ 3477 -40.3 -0.8 UOB 1936 -32.0 -1.6 WesTech 210 -30.0 -12.5 Lyxor China H 10US$ 1442 -29.2 -1.4 IS MSCI India 100 674 -26.4 -2.7 CityDev 1094 -18.0 -1.6 DBS Grp 1380 -16.0 -1.1
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    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Jul 7 CHNG YR 2010 CLOSE FR Jul 6 S$ LOW S$ HIGH US$ 1.3911 -0.07 1.4219 1.3680 Euro 1.7489 -0.02 2.0153 1.6886 Pounds 2.1017 0.49 2.2831 2.0003 A$ 1.1769 0.15 1.2960 1.1515 Yen* 1.5951 -0.85 1.5951# 1.4467 Rupiah* 0.***** 0.01 0.***** 0.***** Baht* 4.2843 0.08
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore investors to gain from yuan strength: Credit Suisse
      542 9  -  Asian currencies to rally vs US dollar, causing more fund flows into region By CHAN YUPING SINGAPORE investors will reap benefits from China’s shift to a more flexible exchange rate in the second half of this year, and fears of a
      542 words
    • Article, Illustration
      Lock icon Three-floor ALT concept store opens in Heeren
      404 9  -  By NICHOLAS YEO TODAY marks the opening of the ALT concept store at The Heeren Shops on Orchard Road. The shop covers three floors and takes up the space that was formerly the HMV music store. This space amounts to over 23,000 square
      404 words
    • Article
      Lock icon Five more firms join YOG as official supporters
      348 9  -  By LEE U-WEN FIVE more local companies have come on board the Youth Olympic Games (YOG) as official supporters, taking the number to 10 so far. They are Anderco, Cathay Organisation, Eng Wah Cinemas, SDS Media and TTG Asia. All come under
      348 words
    • Article
      Lock icon COE premiums mostly lower
      163 9 Cat B suffers sharpest drop of $4,002; open category Cat E only one to rise by $4 PREMIUMS for certificates of entitlement (COEs) in the latest open bidding exercise were lower all round except for the open category. The sharpest drop was for Category B cars
      163 words
    • Article
      Lock icon Two new centres to train disabled people for work
      190 9 WORKPLACE opportunities for disabled Singaporeans will be boosted by two new Centres for Training and Integration (CTIs) set up by private sector companies. Holiday Inn Singapore Orchard City Centre and Eureka Call Centre Systems aim to equip more than 150 disabled
      190 words
    • Article
      Lock icon Spending holds up in logistics sector last year
      313 9  -  Over 1,200 jobs seen from $481 m of investments By NISHA RAMCHANDANI DESPITE the global economic downturn, Singapore’s logistics sector attracted a total business spending of $481 million last year, nearly matching the previous year’s figure of $484 million, according to figures
      313 words
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      22 9 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES
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  • SINGAPORE INTERNATIONAL
    • Article
      Lock icon Ready to tap improving China-Taiwan trade ties
      1036 10  -  Due to strong historical, cultural and economic links with the province, room seen for more S’pore firms to venture into Fujian following the latest China-Taiwan pact, reports CHUANG PECK MING CHUANG PECK MING TAIWAN’S already-huge investments in China are set to expand even
      1,036 words
    • Article
      Lock icon Pan Pacific stirs investor interest in Xiamen
      337 10  -  Reports by CHUANG PECK MING UOL Group’s Pan Pacific Hotels have got more attention from Chinese investors since the group opened a hotel in Xiamen in Fujian province last August. “With the opening of Pan Pacific Xiamen, we have seen a lot of
      337 words
    • Article
      Lock icon Save on import duty by tapping on China FTA
      125 10 SINGAPORE’S exports to China have benefited from lower tariffs since the China-Singapore Free Trade Agreement (CSFTA) took effect on Jan 1, 2009. And since Jan 1 this year, no duty has been levied on over 7,400 items, including petrochemicals, processed foods,
      125 words
    • Article, Illustration
      Lock icon Logistics provider banks on investing in Xiamen
      406 10 SINGAPORE’S logistics provider YCH is captivated by Xiamen in Fujian province. “It’s an ideal place for investment as compared to Shanghai in the east, or Guangzhou and Shenzhen in the extreme south where they are overly congested,” says Koh Yong Seng, the group’s
      406 words
    • Article
      Lock icon Understanding the legal landscape
      292 10 Name: Caroline Berube Designation: Managing Partner Company Name: H.J.M. Asia Law Co Q: What are some of the legal issues that Singapore companies should take note of when setting up in Fujian? A: They should first determine the appropriate business vehicle to be adopted and find
      292 words
  • Page 10 Advertisements
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      191 10 inn Seminar Series: Special Focus on West China: Chengdu, Chongqing and Xi'an Join us at the iadvisory Seminar Series: Doing Business in China to hear how rapid urbanisation and shifts in centres of production away from coastal cities are increasing business opportunities in China's western cities of Chengdu, Chongqing and
      191 words
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      15 10 Singapore International a fortnightly series brought to you by IE Singapore and The Business Times
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  • ECONOMY WATCH
    • Article
      Lock icon Focus on bank stress tests as ECB meets
      529 11 The bank is widely expected to keep key interest rate at a record low of 1.0% AFP [FRANKFURT] European “stress tests” to determine the health of the major banks will be the main talking point when analysts seek clear guidance from the
      AFP  -  529 words
    • Article
      Lock icon Policy makers, markets take opposing views
      641 11 ANALYSIS: EUROZONE Reuters [PARIS] Markets abhor a vacuum, and the perception gap between euro zone policymakers and financial professionals is almost certainly at its widest since the single European currency’s launch in 1999. That is one reason why southern European countries’ bonds remain under
      Reuters  -  641 words
    • Article
      Lock icon US consumer loans continue improving in Q1
      226 11 Reuters [WASHINGTON] US bank card delinquencies dipped in the first quarter of this year to the lowest level in eight years, reflecting measured improvement in the overall economy. The American Bankers Association (ABA) said yesterday that consumer loan delinquencies improved for the third
      Reuters  -  226 words
    • Article
      Lock icon BOE likely to keep rate on hold
      465 11 Its monetary policy panel gets a top economic forecaster AFP [LONDON] The Bank of England (BOE) is expected today to keep its key interest rate at a record-low 0.5 per cent as it mulls over the impact of the government’s austerity measures on
      AFP  -  465 words
    • Article, Illustration
      Lock icon Greece to open labour market and cut red tape
      347 11 [ATHENS] Greece will open its labour market and cut red tape in an effort to attract investors who face enormous barriers to starting businesses in the debt-laden country, the Economy Minister said on Tuesday. “One must be a hero to invest
      REUTERS  -  347 words
    • Article
      Lock icon Double-dip recession going on: Bob Geldof
      184 11 AFP [LONDON] Pop star-turned-activist Bob Geldof said on Tuesday that he believes the economy is experiencing a “double-dip recession”, as he accused countries’ leaders of inaction at their recent Group of 20 (G-20) summit in Canada. “We’re not out of the mess. I think
      AFP  -  184 words
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      9 11 Banks’ hidden losses may threaten EU tests, Page 19
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      245 11 4th Annual Risk Management Conference Risk Management igm In The Era 15 -17 July 2010 Shangri-La Hotel, Singapore Policy Forum 115 July 2010 GUESTS OF HONOR Tan Chorh Chuan President, National University of Singapore Ong Chong Tee Deputy Managing Director, Monetary Authority of Singapore KEYNOTE SPEAKER MYRON S SCHOLES Nobel
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bursa faces fight to retain retail investors
      523 12  -  Retail players have been investing offshore through various networks By PAULINE NG BURSA Malaysia’s challenge to retain retail investors could prove that much tougher should offshore markets deliver. Indeed, offshore investment services have emerged as a new growth area for stockbrokers, a top
      BLOOMBERG  -  523 words
    • Article
      Lock icon Khazanah seeks funds for Parkway bid
      260 12 Bloomberg [KUALA LUMPUR] Khazanah Nasional, Malaysia’s sovereign wealth fund, started talks with five banks for loans that would enable it to increase an offer for Parkway Holdings, according to three people with knowledge of the matter. Australia New Zealand Banking Group, CIMB Group Holdings,
      Bloomberg  -  260 words
    • Article, Illustration
      Lock icon Indika projects 83% rise in net profit in 2010
      424 12 Reuters [JAKARTA] PT Indika Energy, Indonesia’s third-big-gest coal miner, said yesterday it expects an 83 per cent increase in net profit in 2010 by producing 30 per cent more coal to tap demand from India and China. Indika, which has lost
      Reuters  -  424 words
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      64 12 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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  • GREATER CHINA
    • Article, Illustration
      Lock icon US unlikely to brand China a manipulator
      735 13 Politics now drives Treasury’s decision that was postponed from April ANALYSIS Reuters [WASHINGTON] The Obama administration is unlikely to risk a diplomatic spat with China by calling it a currency manipulator in an overdue Treasury report, leaving it to Congress to decide whether
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      Lock icon China allays fears it may dump US Treasuries
      400 13 It urges Washington to be responsible guardian of dollar Reuters [BEIJING] China yesterday ruled out the “nuclear” option of dumping its vast holdings of US Treasury securities but called on Washington to be a responsible guardian of the dollar. In the third
      Reuters  -  400 words
    • Article
      Lock icon ICBC launches Canadian operations
      356 13 Reuters [TORONTO] Industrial and Commercial Bank of China (ICBC), the world’s largest bank by market value, said on Tuesday it was launching operations in Canada with a plan to win clients among Chinese immigrants and businesses with ties to both countries. ICBC, which also has a
      Reuters  -  356 words
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      2272 13 SPICE i2i LIMITED (Formerly known as MediaRing Ltd.) (Incorporated in the Republic of Singapore on 15 July 1993) (Company Registration No. *****4568R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Spice i2i Limited (the “Company”) will be held
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  • INDIA
    • Article, Illustration
      Lock icon Delhi ‘should curb inflation by Sept’
      507 14 Ex-RBI chief’s call comes as prices of consumer goods show few signs of easing Bloomberg [NEW DELHI] India needs a “contingency plan” by September to control inflation as prices are showing few signs of easing, warned former central bank governor Bimal Jalan. “Inflation is
      Bloomberg; REUTERS  -  507 words
    • Article
      Lock icon Peugeot may revive India factory plan
      348 14 Bloomberg [MUMBAI] PSA Peugeot Citroen, France’s biggest carmaker, may revive a plan to set up a manufacturing facility in India to tap surging car demand in the country, according to a person with direct knowledge of the matter. Peugeot may spend about 700 million
      Bloomberg  -  348 words
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      3903 14 MATS BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg informatics Informatics Education Ltd Registration no *****3419G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Seventh Annual General Meeting of Informatics Education Ltd. (the "Company") will be held at Mandarin Ballroom III, 6th floor,
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      392 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BROMMA FAR EAST PTE LTD (In Members' Voluntary Liquidation) Reg No. *****0477K ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 30 June 2010, the Resolutions set
      392 words
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Greens Party seeking to win balance of power in Senate
      695 15 It will push environmental policies in next Australia govt’s agenda if successful Reuters [CANBERRA] Australia’s Greens Party is on course to win the balance of power in the Senate at elections within months and will seek to push environmental policies
      Reuters; REUTERS  -  695 words
  • Page 15 Advertisements
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      3902 15 MATS BUY IT SELL IT FIND 11 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CMZ HOLDINGS LTD Registration No. *****5314R (Incorporated in the Republic of Singapore) (the "Company") 9 m m NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of CMZ HOLDINGS LTD. will
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      6 15 Australian defence minister quits, Page 16
      6 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Merkel’s Cabinet backs package of budget cuts
      603 16 Chancellor says the cuts are not deep enough to threaten nation’s recovery Bloomberg [BERLIN] German Chancellor Angela Merkel’s Cabinet approved a four-year package of budget cuts, stepping up pressure on fellow European governments to reduce debt that risks tearing apart the euro area.
      Bloomberg  -  603 words
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      Lock icon COMING UP ROSES
      73 16 [PARIS] British designer John Galliano’s magical, floral-inspired collection for Christian Dior transformed The Rodin Museum in Paris on into a garden of earthly delights with the scent of hundreds of pink roses. Actresses Blake Lively, Jessica Alba and Lou Doillon added extra colour at his Fall/Winter 2010-2011
      REUTERS  -  73 words
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      Lock icon Australian defence minister quits
      455 16 AFP [SYDNEY] Australia’s Defence Minister John Faulkner yesterday announced plans to quit the cabinet, dealing a blow to new Prime Minister Julia Gillard as national elections loom. The heavyweight senator said that he would return to the back benches after the polls, but denied the move
      AFP  -  455 words
    • Article
      Lock icon Senior banker to lead Bank of Thailand
      533 16 NEWSMAKER Reuters [BANGKOK] The next head of the Bank of Thailand, Prasarn Trairatvorakul, is cautious about the economic outlook but believes that the central bank will have started tightening monetary policy by the time he takes over in October. Mr Prasarn, 58, has
      Reuters  -  533 words
    • Article
      Lock icon Leveraged buyout pioneers list private firm
      674 18 Kohlberg Kravis Roberts set to go public next week after being thwarted by the crisis NYT [NEW YORK] Henry Kravis, the dealmaker who symbolised the merger mania of the 1980s and became one of the most powerful figures on Wall Street, is cashing in.
      NYT  -  674 words
    • Article, Illustration
      Lock icon Riding out the political storm in Korea
      719 18 NYT [DORASAN, South Korea] Every day, hundreds of South Korean managers and engineers gather here at the steel and glass bus terminal to make an unusual commute, through the minefields and tank traps of the demilitarised zone and into an industrial park that
      NYT; AP  -  719 words
    • Article
      Lock icon Wealthier needn’t be healthier: study
      374 18 Reducing inequality can save lives, say UK social scientists Reuters [LONDON] The suggestion by one of US President Barack Obama’s key economic advisers that wealthier nations are also healthier is not necessarily true, according to a team of British social scientists. The research team studied
      Reuters  -  374 words
  • Page 16 Advertisements
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      488 16 SIMSIANGCHOON (Compan RegistrationNo *****5693M) (Incorporated theRepublic Singapore) NOTICEOFEXTRAORDINAR GENERALMEETING NOTICEISHEREBYGIVENthatan xtraordinar gener meeting SIMSIANGCHOON TD(the Compan will beheld 21ChangiSouth AAvvenue SimSiangChoonBuilding,Singapore*****0on23 uly2010 10.30a.m. thepurpose consideringand, thoug fit, passingwith withoutan amendment,Resolutions and asordinar resolutions: ORDINAR RESOLUTION THEPROPOSEDDIVERSIFICATIONOFTHECOMPANY’S USINESS That: (a) subject Ordinar Resolutions and beingapproed,appro beand hereb given theproposeddiversification theCompan bbusinessinto
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      571 16 WAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SIRIUS MEDICAL INNOVATION PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****0404H) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS Take notice that Mr. Lau Chin Huat of Lau Chin Huat Co., 50 Havelock Road #02-767
      571 words
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  • WORLD CUP
    • Article, Illustration
      Lock icon Dutch peaking nicely to lift Cup – finally
      788 17  - Dutch peaking nicely to lift Cup finally COMMENTARY By MALMINDERJIT SINGH HAS the time finally come when the Netherlands will be crowned World Champions? There are no animal predictions or analyst models behind this prophecy, but the Dutch team’s on and off field performances certainly lend enough support to this
      AFP  -  788 words
    • Article, Illustration
      Lock icon Hats off to the Uruguayan warriors!
      648 17  -  COMMENTARY LEE U-WEN Acting Deputy Foreign Editor LOVE them or hate them you’ve got to hand it to the warriors who make up Uruguay’s national football team. Before the start of the World Cup, not many (except perhaps their own countrymen) gave them much
      648 words
  • Page 17 Advertisements
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      1365 17 KSH HOLDINGS LIMITED Registration No. *****3337G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 4th Annual General Meeting of KSH HOLDINGS LIMITED will be held at Furama City Centre Singapore, Ballroom 1, Level 5, 60 Eu Tong Sen Street Singapore *****4 on Friday, 23 July 2010 at
      1,365 words
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  • Page 18 Advertisements
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      19 18 VODCAST 看 Ris Low 化妆世 iPhone case 赢 http://south-africa-2010.omy.sg/ 电陈有来 VODCAST 送《 http://lifestyle.omy.sg/
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      4 18 first v rtftlhehrts www.radio9l3.com
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      221 18 action community for entrepreneurship BlueSky exchange This is the third of four sessions of the "Going Global" series. Each session will feature a CEO sharing how the company's competitiveness and capabilities were primed to engage the international market. The "Going Global" series is a collaboration between the Action Community for
      221 words
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  • STRESS TESTING
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      Lock icon Banks’ hidden losses may threaten EU tests
      1842 19 EU also hasn’t disclosed tests’ criteria, including if they contain a sovereign default Bloomberg [LONDON] THE US government’s bank stress tests a year ago helped financial stocks to rebound 36 per cent over the next seven months. Europe’s plan to follow may not
      Bloomberg; BLOOMBERG  -  1,842 words
  • Page 19 Advertisements
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      2088 19 KEDA COMMUNICATIONS LTD. (Incorporated in Bermuda) (Bermuda Company Registration No.: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Keda Communications Ltd. (“the Company”) will be held at Merchant Court Ballroom B, Swissotel Merchant Court, 20 Merchant Road, Singapore *****1, on Friday, 30
      2,088 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon High time Asia had its own currency unit
      1047 20  -  It makes no sense for any one country or region to be at the mercy of another’s currency ANTHONY ROWLEY Tokyo Correspondent MONETARY reform in Asia is often viewed as a subject of “academic” interest only. The real world, some argue, is
      AP  -  1,047 words
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      Lock icon Does financial reform Bill spell genuine reform in US?
      775 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group “These reforms making their way through Congress will hold Wall Street accountable so we can help prevent another financial crisis like the one that we’re still recovering from.” US President Barack
      The Washington Post Writers Group  -  775 words
    • Article
      Lock icon When systems go on the blink
      462 20 EDITORIAL DBS Bank’s computer system breakdown on Monday was not the first time a technology glitch has disrupted business and raised customers’ hackles. Nor will it be the last. But it is a timely reminder that systems can and do go down. A quick
      462 words
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      Lock icon An arc of growth from Asia to Africa
      1371 21  -  Driven by Africa’s abundant resources, it would allow the continent to solve some of its biggest challenges in the future GERARD LYONS The writer is chief economist and head of Global Research at Standard Chartered Bank RARELYhasAfricabeen in the news so much.
      REUTERS  -  1,371 words
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      Lock icon The redheaded stepchild of the BRIC economies
      699 21  -  By JULIAN RIMMER The writer is a trader at CF Global Trading in London. The opinions expressed are his own. His firm or clients may own or trade securities discussed in this column WHENstrategistsap-praise the Russian stock market, they cheep “It’s cheap!” without
      699 words
    • Article
      Lock icon No financial support or fuel subsidy for Emirates
      414 21  -  LETTER TO THE EDITOR Nick Rees WE refer to the article “Emirates changing the game that SIA must play” (BT, June 28) and the letter “Emirates still subject to Dubai’s finance woes” (BT, June 29). Allow us to correct two misconceptions communicated
      414 words
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  • AVIATION
    • Article
      Lock icon Garuda to finish debt revamp within 2 weeks
      290 22 Bloomberg [SHANGHAI] PT Garuda Indonesia, seeking to reorganise debt ahead of a planned initial share sale, said it may reach an agreement with creditors within two weeks. Lawyers are finalising an accord with European credit agencies, chief executive officer Emirsyah Satar said
      Bloomberg  -  290 words
    • Article, Illustration
      Lock icon AirAsia suspends booking services to upgrade system
      435 22 Carrier says new system would be able to cope with its current growth Bernama [KUALA LUMPUR] Lowcost airline AirAsia Bhd will shut down its current booking system for three days starting tomorrow to replace it with a new system that can cope with
      Bernama; BLOOMBERG  -  435 words
    • Article
      Lock icon Are cancellations airlines’ fault? Read the fine print
      461 22 NYT [NEW YORK] Many passengers have been surprised this year by how little airlines are doing for customers when a flight is cancelled. In the scramble to be rebooked, travellers are generally given two options: a refund for the unused portion of
      NYT  -  461 words
    • Article
      Lock icon US lawmakers tussle over flight curbs in Virginia
      404 22 LAT-WP [WASHINGTON] A handful of federal lawmakers are seeking to vastly expand the number of long-dis-tance flights at Reagan National Airport, easing long-time restrictions designed to protect neighbouring communities from noise and air pollution. The move resurrects an idea that has infuriated
      LAT-WP  -  404 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3044 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      331 22 CRYPTIC CROSSWORD Across 7 Son must have bravery, not wanting a whip (7) 8 A he-man wandering around one Californian city (7) 10 Communicate basic instruction for voter (3,6) 11 Little bird to ’oller and in French! (5) 12 This competitor getting nearer? Not first! (5) 13 Form of belief
      331 words
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  • Page 23 Advertisements
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      34 23 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES int. UUJIIMCJJ IIIVILJ SHIPPING TIMES
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  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4063 23 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.
      4,063 words
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      Lock icon Swire Shipping to stand trial over oil spill
      349 24 Aussie court orders the same for the vessel’s master and 3 other companies AFP [SYDNEY] A Hong Kong shipping company was yesterday ordered to stand trial over one of Australia’s worst ever oil spills which blackened a string of popular tourist beaches
      AFP  -  349 words
    • Article
      Lock icon Yemen faces Al-Qaeda, pirate threats in vital strait
      441 24 Reuters [ADEN, Yemen] On a rocky volcanic outcrop set in the deep and treacherous waters of a vital strait linking Europe to Asia, Yemen’s coastguard is building a base to help secure one of the world’s busiest waterways. Somali pirates trawl the
      Reuters  -  441 words
    • Article
      Lock icon Supertanker surplus shrinks, rental fall slows
      440 24 Bloomberg [LONDON] The supply of supertankers competing to haul 2 million barrel cargoes of Middle East crude oil has shrunk, and a more than two-week slide in rental income has slowed. There are 15 per cent more very large crude carriers, or VLCCs, for
      Bloomberg  -  440 words
    • Article
      Lock icon JFE unit rides on iron ore wave
      503 24 Universal chasing deals to build up to 5 carrying vessels Bloomberg [TOKYO] JFE Holdings Inc’s shipbuilding unit, Japan’s second-largest by output, is aiming to win orders for as many as five vessels, mostly to be used to carry iron ore, by October amid
      Bloomberg  -  503 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8817 26 Transaction date: Jul 7 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 unch 77 16 16 16 16.5 1.7 11.3 5.1 76.6 10 5.5 5834
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    • Article
      Lock icon SGX CATALIST
      1783 27 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 19 +1 25 19 17 18
      1,783 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9389 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.568/ Asian Credit Fund 1.2397/ Asian
      9,389 words
    • Article
      Lock icon SGX ETF
      757 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 124 +7 39 124 115 115 124 566 883 632 CIMBAsean40 100US$ US845 842 847 33.8 306
      757 words
    • Article
      Lock icon CLOB INTERNATIONAL
      70 27 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 $mil 56 27.5 6000 AVJennings A42 39 47 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US18.5 -0.5 1634 19 18.5 18.5 19
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 6 Index Change Change Change Change Change Change World Index Preliminary 768.7 1.8 -7.7 1.6 -10.7 2.2 -9.6 EAFE Preliminary 717.5 2.1 -8.6 2.3 -13.8 2.9 -12.7 Europe Preliminary 1032.3 2.7
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 28 Jul 7 $S Offer Bid Overnight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.55 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jul 7 S$ Bid Offer 1-month 1.3901 1.3906 2-months 1.3898 1.3904 3-months 1.3896 1.3902 6-months 1.3889 1.3895 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      143 28 Jul 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 342.0 330.0 340.0 12 Sep 10 315.0 Oct 10 310.0 310.0 310.0 6 Nov 10 306.0 306.0 305.0 12 Dec 10 305.0 Jan 11 305.0 Feb 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 28 Jul 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 07.10.2010 0.32 0.26 0.25 1-Year BY*****W 03.05.2011 0.35 0.33 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.62 104.65 104.60 5-Year N*****0N 1.375
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    • Article
      Lock icon CHICAGO BOT
      105 28 Jul 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 964.25 962.75 976.25 959.25 Aug 10 940.50 944.50 958.00 938.50 Sep 10 912.50 916.25 929.25 910.25 Nov 10 900.00 905.75 920.00 899.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 35.84 36.01 36.50
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Jul 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 72.78 1.60 WTI (Near Mth) 72.02 0.28 Dubai (1-Mth F) 70.88 0.47 Tapis blend 76.65 0.05 Minas 73.25 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 66.77 0.27 Jet Kerosene 81.95 0.25 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2222 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 unch 57 1 15 -5 6.33 46 4085 ASJ Hldgs W*****1 3.5 0.5 200 1 4 7 2.00 19 2036 Advance SCT Ltd W*****9 0.5
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 28 Jul 7 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1700 1.2050 Can dollar 1.3080 1.3240 Euro 1.7410 1.7610 NZ dollar 0.9530 0.9740 Sterling pound 2.0910 2.1150 US dollar 1.3800 1.3960 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Jul 7 Open High Sett STI Jul 2861 SIMSCI Jul 340.9 343.6 335.8 Taiwan Jul 262.1 265.6 261.9 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 28 Jul 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2390 2398 2402 2390 320 3413 Aug 10 2328 2305 2334 2305 1783 ***** Sep 10 2297 2270 2303 2270 8203 ***** Oct 10 2280 2250
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      415 28 Jul 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.4050 0 2745 Dec10 99.3050 0 1946 Mar11 99.2150 0 1421 Jun11 99.0950 0 1745 EUROYEN TIBOR FUTURES Sep10 99.6675 29 3536 Dec10 99.6750 99.6750 99.6750 99.6750 0 1272 Mar11 99.6800 0 1909 Jun11 99.6900 99.6950
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 28 Jul 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.897 5.751 0.674 6.610 39.928 76.988 0.740 10.376 2.727 1.226 72.648 39.478 1.180 6.505 0.901 27.306 27.550 0.562 0.848 Canada 1.114 6.409
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    • Article
      Lock icon SIBOR
      85 28 Jul 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Jul 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1791 1.1802 0.8481 0.8486 Canadian dollar 1.3143 1.3151 0.9454 0.9455 Euro 1.7494 1.7505 1.2583 1.2586 NZ dollar 0.9618 0.9629 0.6918 0.6923 Sterling pound 2.0982 2.0994 1.5092 1.5095
      154 words
    • Article
      Lock icon PRECIOUS METALS
      141 28 Jul 7 GOLD (US$/oz) Jul 06 Jul 07 Hong Kong 1212.10 1188.60 Jul 05 Jul 06 London 1206.60 1193.00 1207.40 1193.75 Source: Thomson Reuters CAST BAR Jul 07 (S$) Selling Buying Kilobar 57,391.59 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 54 5gm 364.87 268 10gm 651.63
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    • Article
      Lock icon LONDON METALS
      69 28 Jul 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1968.75 1910.25 3 months 1995.00 1937.00 Copper, Grade A (US$/tonne) Cash 6578.00 6439.75 3 months 6605.00 6469.00 Lead (US$/tonne) Cash 1756.50 1739.50 3 months 1780.00 1765.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 28 Jul 6 COCOA (£/tonne) Close Prev High/Low Jul 10 2594 2557 2615/2550 Sep 10 2394 2400 2415/2390 Dec 10 2204 2212 2226/2203 Mar 11 2174 2178 2187/2168 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1625 1688 1655/1625 Sep 10 1650 1710 1708/1643 Nov 10 1648 1708 1695/1646 Jan 11
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  • BizIT
    • Article, Illustration
      Lock icon Local PC shipments to grow 13.6%
      864 29  -  APEJ growth, driven by China, will outpace the Republic’s growth, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE Singapore personal computer (PC) market is set to see robust growth this year of 13.6 per cent, which translates to 1.3 million units being sold. However,
      864 words
    • Article, Illustration
      Lock icon Intel redefines the computing experience
      563 29  -  By RAJU CHELLAM IF you think smart phones and tablet computers are the future, think again. Think of a future where sensors embedded in your home appliances monitor energy usage and automatically configure optimal power needs to save you money on your electricity bill. A
      563 words
    • Article
      Lock icon Samsung H2 growth to slow as Europe weakens
      453 29 Reuters [SEOUL] Samsung Electronics, will struggle to replicate its record quarterly profits in the second half of the year as a fragile European economy cuts into demand for flat screens, and buoyant chip prices are set to ease. Samsung, three times bigger
      Reuters  -  453 words
    • Article, Illustration
      Lock icon Microsoft struggling to connect with younger demographic, developers
      707 29 NYT [MOUNTAIN VIEW, California] Microsoft’s engineers and executives spent two years creating a new line of smart phones with playful names that sounded like creatures straight out of The Cat in the Hat Kin One and Kin Two. Stylish designs, an emphasis
      NYT; REUTERS  -  707 words
    • Article
      Lock icon Borders launches e-bookstore, smartphone apps
      459 29 Borders says its e-bookstore will offer 1.5m titles Reuters [NEW YORK] Borders Group Inc’s electronic bookstore went live yesterday and the head of its bookselling business predicted that it would quickly catch up with rivals and win a piece of the fast growing e-book sector.
      Reuters  -  459 words
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  • PROPERTY
    • Article
      Lock icon No new property tightening for China
      155 30 Reuters [BEIJING] China has no plans to launch a new round of property market tightening in the third quarter, a senior official said in remarks published yesterday, refuting earlier media reports. Wang Yulin, deputy research head with the Ministry of Housing and Ur-ban-Rural Development,
      Reuters  -  155 words
    • Article
      Lock icon China property market set for ‘healthy’ correction
      375 30 Prices in 70 Chinese cities rose 12.4% in May, the 2nd-fastest pace on record Bloomberg [BEIJING] China’s home prices are set to fall as much as 20 per cent in a “healthy” correction, said Michael Klibaner, head of China research at Jones Lang
      Bloomberg  -  375 words
    • Article
      Lock icon Ascott wins two more China Somerset contracts
      307 30 CAPITALAND’S wholly owned service residence business unit, The Ascott Limited, has secured contracts to manage two more properties, one each in Xi’an and Shenzhen. This follows the group’s recent expansion into Chengdu with the opening of Somerset Riverview, Chengdu in April. The latest
      307 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN JUNE 9 AND JUNE 15,2010
      1438 30 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 10/06/2010 99 1066 1886 1770 One Shenton Apt 14/06/2010 99
      1,438 words
    • Article
      Lock icon US commercial sales in H1 below average
      887 31 Lack of available supply sparking demand for the few deals being offered Bloomberg [NEW YORK] US commercial real estate sales in the first half totalled about a quarter of the average of the previous six years as owners kept properties off the market,
      Bloomberg  -  887 words
    • Article, Illustration
      Lock icon US shopping centre vacancy rate reaches 10-year high in Q2
      570 31 Reuters [NEW YORK] Retailers shuttered more stores in US shopping centres during the second quarter, further delaying a rebound in the struggling retail real estate market, according to research firm Reis Inc. Shopping centres and strip malls have been pounded
      Reuters; AFP  -  570 words
    • Article, Illustration
      Lock icon Ocean Financial Centre 63% pre-committed
      599 32  -  The latest firms to lease space in OFC are BNP Paribas Singapore and ANZ Reports by FELDA CHAY IN A show that prime office space is back in demand, Keppel Land said that the new Ocean Financial Centre (OFC), set to be completed in the
      599 words
    • Article
      Lock icon 22 per cent of 50 Collyer Quay taken up
      182 32 OVERSEAS Union Enterprise Ltd (OUE) said yesterday that 22 per cent of the net lettable area (NLA) at 50 Collyer Quay has been pre-committed. The initial line-up of tenants include European bank Skandinaviska Enskilda Banken AB (PUBL); Bain Company SE Asia
      182 words
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      121 30 KnightFrank.com. sg 12 FREEHOLD LAND FOR SALE BY TENDER Novena Square Novena v* Vg Plaza y United V Square" Subject Site H Freehold Residential Redevelopment Land at Hertford Road 100% owners' consent Land area 1,445.1 sq m (approx. 15,555 sq ft) Master Plan 2008-PR 1.4 Within 1km to ACS (Junior)
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      Lock icon Page 32 Advertisements Column 2
      225 32 THE QUILLION TEAM The Luxury Properties Specialist Bespoke Service: 6222 2321 9189 5111 PENTHOUSES Ardmore Pk Penthouse Singapore's most desirable address Unrivalled location in Orchard 8700sf of beautifully designed gracious living spaces, elegant bathroom with natural light, extensive terraces offering stunning views from its 29th floor The Claymore Penthouse Distinctive
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