The Business Times, 14 July 2010
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2010-07-14
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The Business Times
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Title Section23 2010-07-14 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 Wednesday, July 14,23 words
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Article, Illustration593 2010-07-14 1 KALPANA RASHIWALA - Meng Garden sells for $137m; more prime district sites may come to market By KALPANA RASHIWALA [SINGAPORE] A collective sale is said to have been sealed for Meng Garden Apartments off Killiney Road for $137 million or about $1,380 per square foot per593 words
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Article141 2010-07-14 1 ST INDEX 2,928.70 (+3.38) ST INDEX FUTURES 2,928 (+3) SIMSCI 346.74 (+1.00) SIMSCI FUTURES 347.00 (+0.50) FOREX US$ S$ US$ (S$ per US$) 1.385 (US$/S$ per 1.500 2.077 EURO (US$/S$/E) 1.253 1.735 Foreign currency per US$ S$ YEN 88.40 63.90 RM 3.212 2.320 HK$ 7.777 5.616 BAHT 32.39141 words
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782 2010-07-14 1 WINSTON CHAI - Botched hardware repair job caused outage; MAS to look at action against bank By WINSTON CHAI [SINGAPORE] DBS Bank has squarely blamed a botched hardware repair job for causing last week’s widespread service outage. But the explanation may not shield the bank782 words
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Article170 2010-07-14 1 THE following is the response from MAS to DBS chief executive’s letter to customers: “MAS has informed DBS Bank’s senior management that we are seriously concerned with the wide disruption of the bank’s services on Monday, 5 July 2010. As soon as we were aware of the problem,170 words
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Page 1 Advertisements
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Advertisement58 2010-07-14 1 AFRICA-S'PORE BUSINESS FORUM Fostering linkages with Africa PAGES 17-20 TRANSPORT HUB Time to stop flogging the log PAGE 26 EXECUTIVE MONEY The return of macro investing PAGE 36 FOOTBALL Making S'pore an industry hub PAGE 3 Deutsche Bank Connecting Asia's capital markets with global investors. Best Bond House 1 Bond58 words
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TOP STORIES
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Article, Illustration462 2010-07-14 2 NISHA RAMCHANDANI - It will host both local and international racing events By NISHA RAMCHANDANI [SINGAPORE] The $330 million Changi Motorsports Hub (CMH) will be up and running by March 2012, in time for the year’s racing season, said developer SG Changi at the ground-break-ing ceremony yesterday.TERENCE TAN/THE STRAITS TIMES - 462 words
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Article501 2010-07-14 2 DBS blames IBM, braces for backlash DBS Bank has squarely blamed a botched hardware repair job for causing last week’s widespread service outage. But the explanation may not shield the bank from a backlash, with Singapore’s financial regulator saying that it would look at what action to take.501 words
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720 2010-07-14 2 It says plans to sell non-core assets are moving forward Reuters [LONDON] BP prepared for a potential turning point in the worst offshore oil spill in US history as the oil giant poised to test a newReuters - 720 words
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Article203 2010-07-14 2 Bloomberg [ABU DHABI] Abu Dhabi is considering making an investment in BP plc, Crown Prince Sheikh Mohammed bin Zayed Al Nahyan said yesterday. “We are still thinking about it,” he said in an interview here, when asked about potentially buying a stake in theBloomberg - 203 words
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705 2010-07-14 2 So sorry for the inconvenience here’s what happened LETTER FROM DBS CHIEF EXECUTIVE THE following is the text of the letter from DBS chief executive Piyush Gupta: Dear DBS and POSB Customers, I am writing to personally apologise to you for the inconvenience caused by the sudden disruption in our705 words
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386 2010-07-14 2 Bloomberg [LONDON] European companies are preparing the most initial public offerings in two years after IPOs weathered the region’s debt crisis and outperformed US deals. Fifty-nine firms, including oil explorer Fairfield Energy plc and outdoor advertising company Stroer Out-of-Home Media AG, haveBloomberg - 386 words
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Article, Illustration557 2010-07-14 3 MALMINDERJIT SINGH - Sport event organiser feels Republic has advantages to swing things in its favour By MALMINDERJIT SINGH [SINGAPORE] Could Singapore become the Asian hub for a billion-dollar football industry? The organisers of Soccerex Asia certainly think so, as Singapore plays host to the football businessYEN MENG JIIN - 557 words
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Page 3 Advertisements
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Advertisement219 2010-07-14 3 *****38 ARMENIAN" 1_L I 7 my home Conserved shophouses with 6-storey new extension in historic location i -J" HA I STRATA OFFICES FOR SALE LIMITED UNITS Developer Hong How Investments Pte Ltd A Hong How Group Company *****511 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele219 words
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COMPANY NEWS
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Article, Illustration409 2010-07-14 4 KALPANA RASHIWALA - Buyer is consortium of investors that includes German fund manager SEB By KALPANA RASHIWALA CITY Developments Ltd (CDL) has sold the retail mall of Chinatown Point as well as four office units for $250 million to a consortium of investors, which includes409 words
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783 2010-07-14 4 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN THE second quarter results season is upon us and the three local banks are expected to post decent numbers given that they are proxies to the economy. Today the government will release preliminary estimates of Q2 growth783 words
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Article484 2010-07-14 6 LYNETTE KHOO - Action by judicial managers follows their failed attempts to contact the duo By LYNETTE KHOO JUDICIAL managers of Zhonghui Holdings have terminated the employment of two uncooperative directors after attempts to reach them hit the wall. One of the removed directors, Gao Bin, is also disqualified484 words
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376 2010-07-14 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI PARKWAY Life Real Estate Investment Trust (PLife Reit) is expanding its presence in Japan with the 3.1 billion yen (S$48.3 million) acquisition of five nursing home properties, through its wholly owned subsidiary Parkway Life Jap an 3376 words
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385 2010-07-14 6 JAMIE LEE - It says DBS still has strongest franchise among local peers By JAMIE LEE STANDARD Poor’s (S&P) has affirmed its rating on the three Singapore banks as a nod to the lenders’ strong financial profiles and prudent management strategies. It also highlighted385 words
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308 2010-07-14 6 KAREN NG - By KAREN NG EZION Holdings, which specialises in marine logistics and support services for the offshore oil and gas sector, will lease about 15 hectares of land in Australia to develop a marine supply base there. The company said yesterday that its308 words
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Article220 2010-07-14 6 RACHEL SIM - By RACHEL SIM MIYOSHI Precision yesterday reported a 64 per cent drop in net profit to $946,000 for the third quarter ended May 31, 2010. Revenue rose 69.3 per cent to $35.22 million, buoyed by contribution from Giken Sakata Ltd. The group increased its220 words
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Article, Illustration407 2010-07-14 7 MELISSA TAN - Company to fund expansion through its recent US$7m rights issue By MELISSA TAN MAINBOARD-LISTED The Style Merchants (TSM), formerly known as Netelusion, said yesterday it plans to open 50 more fashion retail outlets in mainland China over the next year onFILE PHOTO - 407 words
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431 2010-07-14 7 TIMOTHY SEOW - Conservatism pays off, 52% boosted total net worth: poll By TIMOTHY SEOW AFFLUENT Singaporeans are significantly more conservative investors than their Asian counterparts, and their caution has paid off, revealed an HSBC survey yesterday. The HSBC Affluent Asian Tracker queried people in the top 10431 words
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COMPANY BRIEFS
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94 2010-07-14 7 FRASER and Neave Ltd (F&N) said that its subsidiary, F&N Dairy Investments Pte Ltd, will buy Boncafe International’s 40 per cent interest in F&N Boncafe Beverages Pte Ltd for $240,000. After the purchase, F&N Dairy will own 100 per cent of F&N Boncafe,94 words
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85 2010-07-14 7 COSCO Corporation (Singapore) Ltd said that its subsidiary, Cosco Shipyard Group Co, has signed a contract valued at over US$130 million with an European shipowner to build a vessel specially designed to install offshore wind turbines. The jack-up vessel will be able to carry eight85 words
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67 2010-07-14 7 ASIA Environment Holdings warned that the group expects its net profit for Q2 2010 to be lower than the same period a year ago. Nevertheless, it expects to remain overall profitable for the half-year period. The decrease in profitability for Q2 was attributed to the67 words
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Advertisement1344 2010-07-14 4 BEATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES p COUGAR LOGISTICS CORPORATION LTD. Company Registration No. *****9721C (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the 5 th Annual General Meeting of Cougar Logistics Corporation Ltd. (the "Company") will be1,344 words
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Advertisement2778 2010-07-14 6 MATS Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES SUNLIGHT SUNLIGHT GROUP HLDG LTD (Incorporated in the Republic of Singapore under the Companies Act, Cap. 50) Company Registration No. *****6046G NOTICE OF ELEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held2,778 words
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Page 7 Advertisements
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SINGAPORE MARKETS
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Article, Illustration566 2010-07-14 8 R SIVANITHY - ST Index manages to gain three points, but the broad market finishes mixed STOCKS R SIVANITHY Senior Correspondent MORE than anything, the loss of upward momentum on Wall Street and other Western markets has been instrumental in injecting caution in this part of the world.Source: Bloomberg - 566 words
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Article66 2010-07-14 8 Jul 13 VALUE CLOSE BT OB/OS 226.00 +240.0 BT CADI -*****.00 +6.0 BT 10-day MA -*****.00 +22.00 FTSE ST Mid Cap 705.43 +0.33 FTSE ST Small Cap 531.58 +1.31 FTSE ST All Share 720.55 +0.81 FTSE ST China Top 263.28 -2.48 FTSE ST China 287.58 -2.80 FTSE66 words
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Article55 2010-07-14 8 VOLUME Thakral 116,518,000 Golden Agri 50,441,000 Bund Center Inv 43,740,000 Genting SP 35,771,000 Asiasons 27,813,000 Noble Grp 25,036,000 Yangzijiang 21,994,000 NOL 21,589,000 MacqIntInfra 20,837,000 TopGlobal 17,705,000 VALUE($) DBS Grp 142,414,000 SingTel 55,158,570 Noble Grp 43,212,770 NOL 43,111,280 Genting SP 41,869,850 Wilmar 38,677,780 CapitaLand 36,766,260 UOB 33,830,060 Yangzijiang55 words
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Article186 2010-07-14 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 6 0 0 0 5 6 6 Manufacturing 48 50 78 3 6 13 51 56 91 Commerce 15 17 28 0 3 4 15 20 32 Tpt/Stor/Comms 13 13 15186 words
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BROKERS’ TAKE
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Article, Illustration379 2010-07-14 8 July 13 close: S$1.86 CIMB Research, July 13 EZRA’s Q3 2010 core net profit of US$18 million met our estimates, with 9M 2010 core net profit of US$47 million forming 67 per cent of our full-year forecast and 64 per cent of consensus. We expect a stronger Q4Source: Bloomberg - 379 words
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Article489 2010-07-14 8 JOYCE HOOI - July 13 close: S$0.76 AmFraser Securities, July 13 Compiled by JOYCE HOOI THE Q3 results beat our forecast. Thomson Medical Centre (TMC) announced a 25.4 per cent y-o-y rise in FY2010 Q3 revenue to S$21.8 million. Net profit after taxes (NPAT) for the quarter came to S$4.9489 words
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Article123 2010-07-14 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,137 12,137 35,938 35,938 Manufacturing 186,535 8,662 195,197 195,943 221 196,165 Commerce 195,125 3,680 198,805 83,499 927 84,426 Tpt/Stor/Comms 107,589 299 107,888 192,103 36 192,138 Finance 20,195 45 20,240 226,556 4 226,560 Construction 15,275 28,341123 words
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Article109 2010-07-14 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.070 -0.030 CapitaLand 3.710 CapitaMall 1.960 +0.010 CityDev 10.880 +0.040 ComfortDelGro 1.510 DBS Grp 14.520 +0.140 F&N 5.480 +0.010 Genting SP 1.180 +0.010 Golden Agri 0.535 HK Land 4.970 -0.070 JMH 40.000 -0.500 JSH 23.000 +0.300 Jardine109 words
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Article, Illustration451 2010-07-14 8 CURRENCIES [NEW YORK] The euro rose yesterday after a smooth Greek treasury bill auction helped ease some concerns about Europe’s debt crisis and took some of the sting out of another credit rating downgrade for Portugal. A strong start to the US corporateBLOOMBERG - 451 words
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Article112 2010-07-14 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 4624 330.8 5.5 Lyxor Europe 10 US$ 1128 112.1 7.7 DBXT FTVietnam 10US$ 4290 99.7 1.7 Lyxor MS India 10US$ 1568 74.7 3.6 Jardine C&C 3352 50.0 1.5 JSH 2300 41.5 1.3 OCC 5.1% NCPS 100 ***** 18.0 0.2 DBS Grp 1452112 words
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Article123 2010-07-14 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-102.4 -0.6 DBXT S&P Short 10US$ 5378 -81.7 -1.1 JMH 4000 -69.2 -1.2 GLD 10US$ ***** -49.8 -0.3 DBXT MSTaiwan 10US$ 1519 -33.2 -1.6 DairyFarm 710 -30.5 -3.0 OCC 3.93% NCPS10 8980 -20.0 -0.2 OmegaNav 260 -20.0 -7.1 STXPO 100 1292 -20.0123 words
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Article87 2010-07-14 8 Where S$ stands Jul 13 CHNG YR 2010 CLOSE FR Jul 12 S$ LOW S$ HIGH US$ 1.3828 0.01 1.4219 1.3680 Euro 1.7367 0.11 2.0153 1.6886 Pounds 2.0871 -0.78 2.2831 2.0003 A$ 1.2092 -0.24 1.2960 1.1515 Yen* 1.5630 -0.29 1.5951 1.4467 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.2738 0.0187 words
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FUTURE CHINA FORUM
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632 2010-07-14 9 FELDA CHAY - Their low returns constrain country’s financial clout By FELDA CHAY CHINA made “a big mistake” accumulating huge foreign currency reserves that have provided it with little returns, said Nicholas Lardy, a senior fellow at US-based Peterson Institute for International Economics. It is a632 words
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Article, Illustration417 2010-07-14 9 TEH SHI NING - They should partner local private firms, use their branding and int’l footprint By TEH SHI NING FOREIGN companies wanting to invest in China no longer have the advantage of capital and should actively pursue collaboration with local private enterprises so as to succeed,417 words
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Page 9 Advertisements
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Advertisement93 2010-07-14 9 CERT NO FM*****1 ISO 9001:2008 200-MANPORTABLE ACCOMMODATIONCAMP EXSTOCKUNITS-SINGAPORE Sale Rental of Portable, Modular Container Cabins (For Marine Offshore, Onshore Remote Site Camps) Offshore TLQs/ALQs, Control Rooms, Mudlabs, Radio Communication Rooms, Workshops, Offices, Clinics, Sleeper/ Baths, Toilet/ Showers Reefers Chillers, Dry Stores, Cold Rooms, Mess Halls, Kitchens, Recreation Areas TRANSERVE CABINS93 words
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Advertisement26 2010-07-14 9 f "7 vc I Be Vigilant. Be Resilient. Be United Against Terrorism. 1 i|pppg;)p£$£$^ It 18 Be as One. R t r> NATIONAL SECURITY COORDINATION SECRETARIAT26 words
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SINGAPORE NEWS
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535 2010-07-14 10 RONNIE LIM - It’s already planning next plant, which may also be built in Singapore By RONNIE LIM MITSUI Chemicals which has made Singapore its key manufacturing base outside Japan through investments worth more than $1 billion is considering more high-tech, value-add plants here. At a535 words
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409 2010-07-14 10 CHUANG PECK MING - Reports by CHUANG PECK MING IN SELLING Singapore to potential investors in Houston, Texas, on Monday, Prime Minister Lee Hsien Loong went to some length in highlighting Singapore’s historical links with the Middle East. He stressed that businessmen and tourists from the409 words
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Article, Illustration355 2010-07-14 10 THE trend of rising wages in China is a good thing, says Prime Minister Lee Hsien Loong. It’s a “necessary and positive development”, he told some 300 members and guests at a luncheon talk hosted by the Asia Society and GreaterCAROLINE CHIA/THE STRAITS TIMES - 355 words
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Article391 2010-07-14 10 OLIVIA HO - BT Budding Artists Fund one of two beneficiaries By OLIVIA HO CHINESE-CANADIAN contemporary artist Zhou Su Yin will auction off two of her paintings here to raise funds for the arts and the environment. Ms Zhou is in town for her first solo exhibition391 words
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243 2010-07-14 10 JASLENE PANG - By JASLENE PANG A TEAM from Raffles Institution envisioned a smartphone application that could provide information to users based on their moods. And for that, the Aviateurs team won the junior college category in the annual Splash Awards 2010 yesterday. Ubicle from243 words
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Advertisement1056 2010-07-14 10 CHINAKUND TECHNOLOGYHOLDINGSLIMITED (Incorporated theRepublic Singapore) NOTICEOFANNUALGENERALMEETING NOTICEISHEREBYGIVENTHA theAnnualGener Meeting China unda echnologyHoldingsLimited willbeheld 36CarpenterStreetSingapore*****5onthe29thda uly2010 9.00a.m. the ollowing purposes:ASORDINAR USINESS 11.. TToo receiv and, approed, adoptthe uditedAccounts the nancial earended31March2010 togetherwiththeDirectors’Repor and uditors’Repor thereon. Resolution .2 2. TToo appro Directors’ ees S$205,000 the nancial earended31March2010. Resolution .3 3. TToo re-electMrLeong1,056 words
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Page 11 Advertisements
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Advertisement520 2010-07-14 11 CHINAESSENCEGROUP TD. (Incorporated theCaymanIslandson15August2005) (CompanyRegistrationNo.CT-*****2) NOTICEOFANNUALGENERALMEETING NOTICEISHEREBYGIVEN thattheAnnualGeneralMeetingoftheCompanywillbeheld StraitBallroom RendezvousHotelSingapore, BrasBasahRoa Singapore*****9,onThursday29July2010 10.00a.m.totransactthe followingbusiness:ASORDINAR BUSINESS .1 1. TToo receiveandadopttheauditedFinancialStatementsoftheCompanyforthe nancialyearended31March2010andtheReportsoftheDirectorsandAuditorsthereon. (Resolution .2 2. TToo declare FirstandFinaldividendofHKD0.02perordinaryshare(taxnotapplicable)forthe nancialyearended31March2010. (Resolution .3 3. TToo re-electthefollowingDirectorsretiringpursuanttoArticle86(1)oftheCompany’ ArticlesofAssociation:(a)MrZhaoLibin (Resolution (b)MrShenJianwei (Resolution MrShenJianwei,will,uponre-electionas DirectoroftheCompanyremainas memberoftheAudit,NominatingandRemunerationCommitteesandwillbeconsideredindependentforthepurposes ofRule704(8)oftheListingManualofSingaporeExchangeSecurities radingLimited. .4 4. TToo electMr Jiquan, DirectorretiringpursuanttoArticle85(6)oftheCompany’ ArticlesofAssociation. (Resolution .5520 words
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ECONOMY WATCH
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683 2010-07-14 12 Signs from financial markets, real economy point to improving prospects Reuters Bloomberg [PARIS] The signs are growing that Europe may have turned a corner in its struggle to restore financial stability. The evidence comes partly from financial markets, which are calmer, partlyReuters; Bloomberg - 683 words
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Article, Illustration157 2010-07-14 12 Reuters [PARIS] The world needs more than three major credit ratings agencies because their actions exacerbate market swings, European Central Bank president JeanClaude Trichet has said. “The ratings agencies in general tend to amplify rises and falls in financial markets. You can see it stillReuters; BLOOMBERG - 157 words
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345 2010-07-14 12 Reuters [SYDNEY] Australian business conditions improved in June as sales and profitability picked up, while confidence steadied after taking a tax-related hit the previous month, a survey showed yesterday. National Australia Bank’s (NAB) monthly survey of more than 500 firms showed its measure ofReuters - 345 words
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517 2010-07-14 12 Transport leads gain in June inflation rate as fuel costs jump Bloomberg [LONDON] UK inflation slowed less than economists forecast in June as higher costs of goods from fuel to food kept the rate of price increases above the government’s 3 per cent limit.Bloomberg - 517 words
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Article, Illustration514 2010-07-14 12 June consumer confidence is highest in 3 years Reuters [TOKYO] Japan needs to proceed with an overhaul of its tax system that could include a sales tax hike despite the ruling party’s loss in the upper house election, Finance MinisterReuters; REUTERS - 514 words
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199 2010-07-14 12 Reuters [DAEJEON, South Korea] The International Monetary Fund’s chief reiterated yesterday that strong growth in Asia and Latin America made it unlikely that the global economy would suffer a double-dip recession. Last week, the IMF upgraded its 2010 global economic growth forecast to 4.6 perReuters - 199 words
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Page 12 Advertisements
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Advertisement101 2010-07-14 12 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 in South East Asia Beijing, Seoul,101 words
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Page 12 Miscellaneous
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Miscellaneous29 2010-07-14 12 i/v/V JACKPOT |P L A Always play with care. f. ffi |HH TOMORROW 75 Do not bet illegally. Towards Community Purpose and Benefit RCB Reg No: *****0202G SINGAPORE m29 words
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MALAYSIA/INDONESIA
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Article, Illustration586 2010-07-14 13 PAULINE NG - Consultants named to conduct feasibility study amid doubts work will start soon By PAULINE NG A PROPOSAL to build a RM36 billion (S$15.5 billion) mass rapid transit (MRT) system in Kuala Lumpur could materialise faster than expected, according to some analysts.THE STAR - 586 words
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384 2010-07-14 13 S JAYASANKARAN - By S JAYASANKARAN AT least one research house has given the thumbs-up to Scomi Marine’s RM550 million (S$237 million) disposal of its marine logistics business despite the fact that the sale will result in considerable losses for the shipping firm. The firm,384 words
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187 2010-07-14 13 Reuters [JAKARTA] Indonesia’s PT Bank Central Asia has raised its expectations for loan growth in 2010 to at least 20 per cent as the domestic economy picks up, and is planning to expand in motorcycle financing and life insurance. The comments byReuters - 187 words
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Page 13 Advertisements
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Advertisement12 2010-07-14 13 JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ERA12 words
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Advertisement347 2010-07-14 13 ':r Global Entrepolis Singapore 6 8 Octi Raffles C I Dr Mari Elka Pangestu Minister of Trade Indonesia John Hagel III Co-Chairman Deloitte Center for the Edge Frank Lavin Former U.S. Under Secretary of Commerce for International Trade > Gita Wirjawan Chairman Indonesia Investment Coordinating Board, Indonesia Dang Thanh Tam347 words
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GREATER CHINA
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Article, Illustration489 2010-07-14 14 Move sparks talk that it may be shifting to a looser money stance Reuters [SHANGHAI] China’s central bank drained a surprisingly small amount of funds from the banking system yesterday, despite improving liquidity, sparking talk that it may be shifting to a looser moneyReuters; AP - 489 words
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243 2010-07-14 14 Reuters [TAIPEI] Taiwan’s top 100 companies strengthened their performance year on year in the first quarter of 2010. But many obstacles could hinder further recovery of their credit profiles in 2010. That’s the finding of two commentaries published recently by Standard Poor’s Ratings Services. AccordingReuters - 243 words
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116 2010-07-14 14 Reuters [TAIPEI] Taiwan’s national stabilisation fund, which the government uses to prop up the stock market in times of crisis, posted a NT$29.7 billion (S$1.27 billion) profit in the six months to June, the Cabinet said in a statement yesterday. The profit came mostlyReuters - 116 words
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111 2010-07-14 14 Reuters [BEIJING] China will fine companies up to two million yuan (S$408,250) for sending misleading or fake information about price increases, according to a new draft regulation by China’s economic planning agency. The announcement by the National Development and Reform Commission (NDRC) appeared toReuters - 111 words
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376 2010-07-14 14 Bloomberg [HONG KONG] Taifook Securities Group, one of Hong Kong’s biggest brokerages for individual investors, plans to focus on its institutional business, betting that its acquisition by China’s largest brokerage by assets will allow it to tap the nation’s growing securities market. The Hong Kong-basedBloomberg - 376 words
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Article, Illustration307 2010-07-14 14 Bloomberg [BEIJING] The European Union has threatened to renew a tariff on bicycles from China for another five years while scrapping similar levies against Vietnam. The EU said it would reconsider letting lapse the 48.5 per cent duty on Chinese bicycles while allowingBloomberg; AFP - 307 words
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Page 14 Advertisements
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Advertisement2268 2010-07-14 14 BAN LEONG TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Registration Number *****3898C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BAN LEONG TECHNOLOGIES LIMITED (the ~Company~) will be held at the Registered Office, 150 Ubi Avenue 4 Level 4, Singapore *****5 on2,268 words
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INDIA
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Article, Illustration457 2010-07-14 15 Price pressure may prompt central bank to resort to tightening Reuters [NEW DELHI] India’s wholesale price inflation could come down to 5-6 per cent by December, but price pressures may prompt the central bank to resort to tightening through unpredictable moves, a top officialReuters; AFP - 457 words
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354 2010-07-14 15 Reuters [BANGALORE] Infosys Technologies edged up its forecast on a revival in outsourcing demand from its mainstay financial clients, but its shares fell as markets worried that a weak European economy could curb orders. India’s No 2 outsourcer reported a surpriseReuters - 354 words
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WORLD
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Article, Illustration542 2010-07-14 16 Economists divided on reasons behind the substantial lending contraction NYT [WASHINGTON] The chairman of the Federal Reserve urged banks and regulators on Monday to help the nation’s small businesses get the loans they need to create jobs. Ben Bernanke also acknowledged that economistsNYT; BLOOMBERG - 542 words
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645 2010-07-14 16 NYT [WASHINGTON] As millions of Americans have fallen behind on paying their bills, debt collection law firms have been clogging courtrooms with lawsuits seeking repayment. Few have been as prolific as Cohen Slamowitz, a Woodbury, New York, firm that has specialised in debt collectionNYT - 645 words
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Page 16 Advertisements
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Advertisement221 2010-07-14 16 ••••••••< *****# WV r A V m V LET YOUR MUSICAL TALENT SHINE FOR A GOOD CAUSE ••< Child Aid, the children's charity concert by The Straits Times and The Business Times, is taking centerstage again. We are looking for talented musicians below 19 years old to perform and help221 words
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AFRICA-SINGAPORE BUSINESS FORUM
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Article, Illustration956 2010-07-14 17 As many as 400 delegates from 17 African countries are here for a high-level two-day business conference SINGAPORE is hosting its largestever African delegation which is in town for the inaugural Africa Singapore Business Forum, a two-day event which kicks off today. Among the 400 guestsBLOOMBERG - 956 words
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Article, Illustration993 2010-07-14 18 JOHN VAN WYK - Traditionally, S African private-equity market has made use of lower leverage levels, says JOHN VAN WYK JOHN VAN WYK THE battered reputation of devel-oped-market private equity has cast a long shadow over the industry for the last five years. In the United States and partsBLOOMBERG - 993 words
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Article382 2010-07-14 19 JOYCE HOOI - It managed a 2.5% growth last year, reports JOYCE HOOI JOYCE HOOI MODERN-DAY prospectors are headed for Africa, where they hope to find more than gold. Africa inhabits a niche of its own, being neither an emerging economy like Brazil or Russia, nor an economy propelled by382 words
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471 2010-07-14 19 JOYCE HOOI - By JOYCE HOOI OLAM International might be synonymous with Singaporean enterprise today, but it owes a large part of its origins to Africa, where Olam Nigeria was started in 1989. A spinoff from the Kewalram Chanrai Group, Olam relocated from London to Singapore in 1996471 words
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Article, Illustration433 2010-07-14 19 JOYCE HOOI - By JOYCE HOOI PACIFIC International Lines (PIL) came full circle in Africa this year. The shipping line started its first breakbulk service to the continent in 1967, before transforming it into a full container service as trade exploded in Africa over theFILE PHOTO - 433 words
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Article, Illustration553 2010-07-14 20 JOYCE HOOI - For Portek, going into Africa has made plenty of sense, if the numbers are anything to go by. JOYCE HOOI reports by. JOYCE HOOI FOR the Portek Group’s Larry Lam, explaining why his company ventured into Africa is somewhat beside the point. “Sometimes, forARTHUR LEE - 553 words
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396 2010-07-14 20 LEE U-WEN - By LEE U-WEN WITH 10 years of experience operating in Africa under its belt so far, local education group Informatics knows a thing or two about the huge business prospects in this largely untapped continent. The company first set foot in Nigeria in 2000396 words
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Page 17 Advertisements
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Advertisement3309 2010-07-14 17 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg STRATECH SYSTEMS LIMITED (Incorporated in Singapore) (Co. Reg. No: *****8251Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STRATECH SYSTEMS LIMITED (the “Company”) will be held at the Boardroom, Stratech Systems Limited, 2 International Business Park3,309 words
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Page 18 Advertisements
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Advertisement48 2010-07-14 18 Job search made simple <r *5mI Searching for a job is a breeze at Jobs.ST701 .com. With improved features like our sophisticated job-match technology, job application-management panel and new one-click resume auto-generator, we bring you one step closer to your ideal job. The Leading Online Marketplace 701 st701.com48 words
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Page 19 Advertisements
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Advertisement982 2010-07-14 19 adv GPIndustriesLimited (Incorporated theRepublic Singapor Co.Reg.No.*****2128C NoticeofAnnualGeneralMeeting NOTICE HEREBYGIVENthattheAnnualGeneralMeeting GPIndustriesLimited(“theCompany”)willbeheld Ocean Level PanPacifi Singapor Raffl Boulevar MarinaSquar Singapor *****5onFriday30July2010 4.30p.m.forthefollowingpurposes: ASORDINAR BUSINESS .1 1. TToo rreceiveandadopttheDirectors’ReportandtheAuditedAccounts theCompanyforthe nancialyearended31March2010togetherwiththeAuditors’Reportthereon. (Resolution .2 2. TToo declar naltax-exempt(1-tier)dividend 2.0Singapor centsper dinaryshar forthe nancialyearended31March2010(2009: naltax-exempt(1-tier)dividend 1.0Singapor cent per dinaryshare). (Resolution .3 3. TToo rre-electthefollowingDirectors theCompany982 words
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Page 20 Advertisements
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Advertisement2323 2010-07-14 20 adv JAPAN FOODS HOLDING LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****2314M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of Japan Foods Holding Ltd. ("Company") will be held at the CIMB Investment Centre, Seminar Room, 50 Raffles Place, #01-012,323 words
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Advertisement116 2010-07-14 20 Discover medical excellence and retail therapy under one roof Paragon Medical houses over 60 world-class specialists who are delighted to serve you with utmost attention, delivering standards that can only be exceeded by their medical precision. Experience medical exclusivity at its best, a perfect complement to unrivalled shopping enjoyment at116 words
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ASIA-PACIFIC/WORLD
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605 2010-07-14 21 The White House compares effort to investment in the Internet years ago LAT-WP LAT-WP [WASHINGTON] President Barack Obama is looking again to convince voters that the billions of dollars he has pumped into embryonic clean-energy firms will build a better economy evenLAT-WP - 605 words
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192 2010-07-14 21 Bloomberg [SEOUL] South Korea’s 30 major industrial groups plan to invest 22.4 trillion won (S$26 billion) by 2013 in clean energy, including batteries and solar power, to benefit from the government’s spending on environment-friendly projects. The proposed investment from 2011 to 2013 isBloomberg - 192 words
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369 2010-07-14 21 Bloomberg [SEOUL] Posco, Asia’s third-largest steelmaker, plans to raise 2 trillion won (S$2.3 billion) to help fund acquisitions and investments after second-quarter profit almost tripled on demand from car and appliance makers. Net income climbed to 1.2 trillion won inBloomberg - 369 words
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Article, Illustration319 2010-07-14 21 Reuters [WASHINGTON] Nearly 60 per cent of American voters say they lack faith in President Barack Obama, according to a public opinion poll published yesterday. The results of the Washington Post/ABC News poll are a reversal of what voters said atReuters; AFP - 319 words
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255 2010-07-14 21 AP AFP [ATHENS] Greece yesterday successfully raised 1.25 billion euros (S$2.17 billion) in its first debt auction since receiving international bailout loans. The country’s Public Debt Management Agency said the sale of 26-week treasury bills was oversubscribed 3.64 times, at an interest yieldAP; AFP - 255 words
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233 2010-07-14 22 AP [SAIPAN, Northern Mariana Islands] Proponents of two Saipan casino bills contend the future of the Northern Mariana Islands’ struggling tourism-based economy lies in gambling. Former representatives Pete Deleon Guerrero and Manasses Borja said only a casino on Saipan can save the financially troubled USAP - 233 words
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562 2010-07-14 22 Implementation could take economic conditions of nations into account Bloomberg [NEW YORK] European banks, rattled by investor uncertainty about their ability to withstand a sover-eign-debt crisis, are poised to win a reprieve in Basel, Switzerland, this week as regulatorsBloomberg - 562 words
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516 2010-07-14 22 LATEST US DATA AP [WASHINGTON] The US trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of for-eign-made cars, computers and clothing. The trade deficit increased 4.8 per cent to US$42.3AP - 516 words
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Article, Illustration377 2010-07-14 22 Reuters [PARIS] The French government adopted an unpopular bill yesterday to raise the retirement age after a defiant President Nicolas Sarkozy failed to silence his critics over alleged illegal political donations. Labour Minister Eric Woerth, at the centre of the affair, said heReuters; AP - 377 words
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278 2010-07-14 22 His departure comes weeks after another senior official AP [DUBAI] The head of a renewable energy institute in Abu Dhabi is leaving after only a year in charge as the oil-rich emirate retools ambitious plans for a carbonneutral city. Masdar, the govern-ment-run companyAP - 278 words
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250 2010-07-14 22 Bloomberg [NEW YORK] With two Alzheimer’s drugs in the final stage of human testing and two more being developed behind them, Eli Lilly Co is committed to one of the riskiest bets in medicine to fill a potential US$10 billion revenue gap. Therapies nowBloomberg - 250 words
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Page 21 Advertisements
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Advertisement215 2010-07-14 21 WINE DINE AND HOSPITALITY INDULGENT WEEKENDS AT PAN PACIFIC SINGAPORE From extravagant all-you-can-eat presentations at Global Kitchen and Brunch to sumptuous dim sum buffet at HaiTien Lo featuring new highlights or delectable Japanese kaiseki at Keyaki and Italian set menus at Zambuca; food aficionados are going to be treated to215 words
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Page 22 Advertisements
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Advertisement1235 2010-07-14 22 WAT-3 NOTICES rfZ- Singapore Shipping Corporation Limited Company Registration No: *****1332G (Incorporated in the Republic of Singapore) Notice of Annual General Meeting and Books Closure NOTICE IS HEREBY GIVEN that the 22nd Annual General Meeting of Singapore Shipping Corporation Limited (the "Company") will be held at 10 Hoe Chiang Road1,235 words
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Page 23 Advertisements
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Advertisement7 2010-07-14 23 WATci NOTICES BUY IT-SELL IT-FIND IT adv7 words
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Advertisement3604 2010-07-14 23 GP BATTERIES INTERNATIONAL LIMITED (Company Registration No.: *****2111N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited (“the Company”) will be held at Libra Gemini, Level 1 Marina Mandarin, 6 Raffles Boulevard, Marina Square,3,604 words
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EDITORIAL & OPINION
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484 2010-07-14 24 EDITORIAL ONE of the big surprises in the global economic picture for 2010 so far is how strongly Asian economies have performed, despite lacklustre growth in the G-3 economies of the United States, Europe and Japan. The International Monetary Fund (IMF) has just raised484 words
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Article, Illustration756 2010-07-14 24 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THE dispute over the sinking of a South Korean naval vessel in March has been papered over with a presidential statement unanimously approved by the 15-member United Nations756 words
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Article, Illustration924 2010-07-14 24 LEON HADAR - Despite his critics’ claims to the contrary, his policies so far have been pro-business LEON HADAR Washington Correspondent THE future of American capitalism as we know it is under threat if you are inclined to believe some American business executives and their political alliesAFP - 924 words
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Article, Illustration1132 2010-07-14 25 TAN KIM HENG - There are serious limitations in using macroeconomic policies to fight financial and other economic crises By TAN KIM HENG The writer is an associate professor at the Division of Economics, School of Humanities and Social Sciences, Nanyang Technological University. The views expressed in this articleAFP - 1,132 words
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Article, Illustration830 2010-07-14 25 DAVID BROOKS - By DAVID BROOKS NYT IF YOU go to business conferences, you know that at lunch, it is definitely better to be seated next to a prince than a grind. Princes, who can be male or female, are senior executives at major corporations.NYT - 830 words
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228 2010-07-14 25 Denis Distant - LETTER TO THE EDITOR Denis Distant I REFER to the report “SGX may push boundaries, dabble in investor relations” (BT, July 13). This raises the question: should the Singapore Exchange (SGX) relinquish its regulatory function to another authority as it continues to expand into other228 words
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Page 25 Advertisements
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Advertisement4 2010-07-14 25 WM NANYANG TECHNOLOGICAL UNIVERSITY4 words
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Transport HUB
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Article923 2010-07-14 26 DAVID HUGHES - Accurate onboard record-keeping of hours of work and rest is essential to ensure humane conditions and safety STRAIT TALK By DAVID HUGHES FORTY years ago, we joked about the idea of bridge watchkeepers falling asleep in the nice comfy chairs that were just starting923 words
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Article, Illustration592 2010-07-14 26 Bloomberg [TOKYO] Kawasaki Heavy Industries Ltd, Japan’s third-largest maker of heavy machines, may buy steel plates from China and South Korea for the first time to build ships if domestic prices rise too much. “We wouldn’t deny the possibility of using imported steel,”Bloomberg; REUTERS - 592 words
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Article281 2010-07-14 26 SGX '000 Jul 13 S$ +/-Vol CH Offshore 0.55 0.02 1856 Chuan Hup Hldg 0.27 unch 149 Cosco Corp 1.53 0.01 9223 CWT Ltd 0.92 -0.02 215 Ezra Hldgs 1.86 0.05 ***** First Ship Lea 0.42 0.01 554 Freight Links 0.05 -0.01 38 Grand Banks unch unch 0281 words
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291 2010-07-14 26 Bloomberg [WASHINGTON] Northrop Grumman Corp may shut its US Navy shipyard in Avondale, Louisiana, threatening about 5,000 jobs, without additional orders for military vessels, Governor Bobby Jindal said. The company “has indicated to us that Northrop Grumman does not intend to keep AvondaleBloomberg - 291 words
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TRANSPORT HUB: AVIATION
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663 2010-07-14 27 VEN SREENIVASAN - Awards recognise contributions of airlines to S’pore’s air hub status By VEN SREENIVASAN CHANGI Airport Group (CAG) yesterday celebrated its strong partnership with airlines at the Changi Airline Awards 2010. The event, which recognises the contribution of airlines to Singapore’s air hub status,663 words
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402 2010-07-14 27 NYT [NEW YORK] On a flight from Newark, New Jersey, to the West Coast not long ago, Jeff Jarvis, author of the book What Would Google Do? fell into a conversation with a fellow passenger familiar with his work. But it was not aNYT - 402 words
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251 2010-07-14 27 Bloomberg [SEATTLE] China’s first narrow-body jet may take a technological leap with a contract awarded to a joint venture between General Electric Co (GE) and state-owned Aviation Industry Corp (AVIC) to help design a new way to control the plane. The dealBloomberg - 251 words
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316 2010-07-14 27 Reuters [LONDON] British Business Secretary Vince Cable has submitted a cost analysis of a £10.5 billion (S$21.9 billion) military air tanker deal to officials conducting a defence review, his department said on Monday. Mr Cable told a British newspaper he wasReuters - 316 words
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Article, Illustration298 2010-07-14 27 VEN SREENIVASAN - By VEN VEN SREENIVASAN JTC has started construction of components manufacturing and maintenance, repair and overhaul (MRO) facilities (CMMF) at Seletar Aerospace Park (SAP). The project, which comprises seven standard factory buildings, will occupy a three hectare site at the southern tip of theFILE PHOTO - 298 words
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Article3004 2010-07-14 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 06053,004 words
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TRANSPORT HUB: LAND
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352 2010-07-14 28 The high-speed line will save the Hong Kong public 40m hours per year Bloomberg [HONG KONG] MTR Corp, the builder of a HK$66.9 billion (S$11.8 billion) highspeed train line here, said work on the railway may be completed ahead of scheduleBloomberg - 352 words
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159 2010-07-14 28 AFP [BEIJING] China and Argentina yesterday agreed contracts for an array of projects in the rail sector totalling US$10 billion, Argentine Transport Minister Juan Pablo Schiavi told AFP. The news came during a visit to Beijing by Argentine President Cristina Kirchner, who wasAFP - 159 words
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656 2010-07-14 28 AP [YOKOHAMA] Nissan took the wraps off its new March subcompact yesterday, which is being manufactured in Thailand for sale in Japan, underlining a trend for Japanese carmakers to shift more production abroad. Nissan Motor Co said it was setting upAP - 656 words
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390 2010-07-14 28 Carmaker says it is tackling a number of improvements AP [TOKYO] Toyota will start studying an assessment of the company’s quality control conducted by four outside experts to help beef up quality controls at the re-call-battered carmaker under a programme thatAP - 390 words
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Article, Illustration359 2010-07-14 28 AP [DETROIT] Corvette owners could soon be revving up an engine they built with their own hands. General Motors Co (GM) said on Monday that buyers who order a 2011 Corvette Z06 or ZR1 can help assemble their cars’ high-per-formance LS7AP - 359 words
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223 2010-07-14 28 AP [DETROIT] A decade ago, the PT Cruiser roared onto the road with trendsetting looks and Al Capone swagger. In a sea of bland Honda Civics and Toyota Camrys, it was a retro hit. Chrysler could barely keep up with demand. Last week,AP - 223 words
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Article1854 2010-07-14 28 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 5 5.5 27.8 4.8 22.5 13 8538 t APStrategic 18 unch 3 18 17 16.51,854 words
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Article754 2010-07-14 28 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 $mil 124 107 6389 ABF SG Bond ETF 115 114 120 525 883 645 CIMBAsean40 100US$ US863 864 871 34.5 306 231 DBS STI ETF754 words
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Article82 2010-07-14 28 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 $mil 56 28 6000 AVJennings A40 +2 1 40 40 39 41.5 3.6 8.8 3.2 104.2 31 13.5 6017 Genting HK US$ US18.5 +0.5 45682 words
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Page 26 Advertisements
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Advertisement136 2010-07-14 26 NYirfsiisric r V i 2030 We keep moving and the world keeps moving. Some day in the not-too-distant future, you may see a ship like this on the horizon. You won't be dreaming, but you will be seeing the realization of a dream —NYK's Super Eco Ship. Sunshine will supply136 words
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Page 27 Miscellaneous
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Miscellaneous289 2010-07-14 27 CRYPTIC CROSSWORD Across 1 Club overhauls counselling and welfare, for example (6,8) 9 Grandmother avid about cotton material (7) 10 Large plant around a cold lake produces molasses (7) 11 Club for the press (4) 12 Tries again Alan’s dummy runs (10) 14 Tittle-tattle concerning white china holiday mementos I289 words
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SINGAPORE STOCKS
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Article8915 2010-07-14 29 Transaction date: Jul 13 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 $mil 18 7.5 3148 8Telecom 17 unch 630 17 17 16.5 17 1.7 10.6 5.5 81.4 10 5.5 58348,915 words
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Article9411 2010-07-14 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.5931/ Asian Credit Fund 1.2439/ Asian9,411 words
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Advertisement50 2010-07-14 29 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 •SINCERE HAUTE HORLOGERIE SINCERE HILTON SINGAPORE (65) 6738 9971 WATCHES OF SWITZERLAND PARAGON (65) 6732 979350 words
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Advertisement302 2010-07-14 30 SAXO Opinion 91 We let WORLD FINANCE FOREIGN EXCHANGE AWARDS 2010 prajFjy DIGITAL MARKETS AWARDS 2010 50 in fcL III VMWtfe 4 SINGAPORE TOKYO we are No.1. A TRADER'S BEST CALL the professiionalsfdo the talking for us. FXWeek BEST BANKS 2009 EUROMONEY FX Poll 2009 COPENHAGEN FXWeek Best Banks Awards302 words
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FINANCE & COMMODITIES
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374 2010-07-14 31 In local curr In S$ In US$ dy yr dy yr dy yr Jul 12 Index Change Change Change Change Change Change World Index Preliminary 793.0 -0.1 -4.7 -0.2 -8.2 -0.3 -6.8 EAFE Preliminary 738.7 0.2 -5.9 0.0 -11.9 0.0 -10.5 Europe Preliminary 1069.1 0.4374 words
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Article177 2010-07-14 31 Jul 13 $S Offer Bid Overnight 0.02 PAR 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/8 US$ 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 12177 words
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Article24 2010-07-14 31 Jul 13 S$ Bid Offer 1-month 1.3839 1.3852 2-months 1.3837 1.3850 3-months 1.3835 1.3848 6-months 1.3828 1.3841 Source: OCBC Source: OCBC24 words
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Article136 2010-07-14 31 Jul 13 As at 9am NOTE RATES Jul 13 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1990 1.2360 Can dollar 1.3260 1.3420 Euro 1.7290 1.7500 NZ dollar 0.9760 0.9970 Sterling pound 2.0620 2.0860 US dollar 1.3720 1.3870 Local dollars to136 words
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Article29 2010-07-14 31 Jul 13 Open High Sett STI Jul 2935 2935 2928 SIMSCI Jul 346.0 349.4 347.0 Taiwan Jul 266.3 268.4 266.3 Source: MF Global (S) Pte. Ltd29 words
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Article66 2010-07-14 31 Jul 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2450 2449 2450 2438 584 1938 Aug 10 2384 2395 2398 2375 1590 ***** Sep 10 2335 2353 2354 2325 7124 ***** Oct 10 2325 233566 words
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Article427 2010-07-14 31 Jul 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.4350 0 2721 Dec10 99.3550 0 1460 Mar11 99.2650 0 992 Jun11 99.1250 0 2319 EUROYEN TIBOR FUTURES Sep10 99.6550 99.6550 99.6475 99.6475 3 3174 Dec10 99.6550 0 1422 Mar11 99.6675 0 1959 Jun11 99.6900 99.6900427 words
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Article146 2010-07-14 31 Jul 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 327.8 327.8 325.0 2 Sep 10 307.0 Oct 10 301.0 Nov 10 292.0 Dec 10 290.0 Jan 11 290.0 290.0 290.0 10 Feb 11 290.0 290.0 290.0146 words
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Article88 2010-07-14 31 Jul 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 14.10.2010 0.31 0.26 0.26 1-Year BY*****W 03.05.2011 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.55 104.59 104.59 5-Year N*****0N 1.375 01.10.2014 102.4688 words
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Article105 2010-07-14 31 Jul 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 1031.75 1025.50 1043.00 1017.50 Aug 10 997.75 993.25 1009.00 986.25 Sep 10 966.50 unch 976.50 959.25 Nov 10 951.00 953.25 960.75 945.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.50 37.38 37.60105 words
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Article77 2010-07-14 31 CRUDE OIL PRODUCTS Jul 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.34 -1.23 WTI (Near Mth) 74.89 -1.33 Dubai (1-Mth F) 73.27 -0.48 Tapis blend 79.15 -0.20 Minas 75.95 -0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 67.61 unch Jet Kerosene 86.02 0.52 US$/barrel Opec Oil77 words
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2280 2010-07-14 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 0.5 84 1 15 6.00 46 6227 ASJ Hldgs W*****1 3.5 1 4 7 2.00 19 2036 Advance SCT Ltd W*****9 0.5 1 87 28172,280 words
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Article465 2010-07-14 31 Jul 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.902 5.893 0.694 6.765 40.789 78.813 0.769 10.552 2.794 1.228 74.577 40.385 1.204 6.629 0.925 28.094 28.170 0.580 0.870 Canada 1.109 6.533465 words
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Article85 2010-07-14 31 Jul 13 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article137 2010-07-14 31 Jul 13 GOLD (US$/oz) Jul 12 Jul 13 Hong Kong 1208.40 1204.40 Jul 09 Jul 12 London 1208.45 1198.25 1209.45 1199.25 Source: Thomson Reuters CAST BAR Jul 13 (S$) Selling Buying Kilobar 57,402.29 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 54 5gm 364.87 268 10gm 651.63137 words
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Article71 2010-07-14 31 Jul 12 Jul 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1950.75 1983.50 3 months 1971.00 2004.00 Copper, Grade A (US$/tonne) Cash 6609.00 6741.25 3 months 6630.00 6760.00 Lead (US$/tonne) Cash 1763.25 1824.50 3 months 1784.00 1845.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article154 2010-07-14 31 Jul 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2038 1.2052 0.8697 0.8700 Canadian dollar 1.3347 1.3361 0.9643 0.9645 Euro 1.7346 1.7362 1.2532 1.2533 NZ dollar 0.9799 0.9811 0.7080 0.7082 Sterling pound 2.0756 2.0778 1.4996 1.4999154 words
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Article82 2010-07-14 31 Jul 12 COCOA (£/tonne) Close Prev High/Low Jul 10 2621 2613 2630/2597 Sep 10 2386 2385 2402/2368 Dec 10 2219 2212 2230/2204 Mar 11 2183 2182 2195/2177 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1680 1682 1680/1660 Sep 10 1705 1709 1710/1671 Nov 10 1701 1702 1705/1664 Jan 1182 words
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5309 2010-07-14 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. 1 **********W 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 *Loads5,309 words
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Page 32 Advertisements
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Advertisement6 2010-07-14 32 Shipping lines seeking reliable logistics partners6 words
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Advertisement28 2010-07-14 33 Il ZZZ7ZT. M Can they FREIGHT FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132728 words
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Advertisement7 2010-07-14 34 34 The Business Times, Wednesday, July 14,7 words
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