The Business Times, 20 July 2010

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Microfilm: NL30728
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, July 20,2010
    23 words
  • Article, Illustration
    Lock icon AIA replaces its boss and may seek a slice of Prudential
    532 1 It hires old hand from Prudential as its chief Reuters Bloomberg [HONG KONG] American International Group (AIG) named former Prudential plc chief executive Mark Tucker as head of its Asia life insurance business, AIA, replacing existing boss Mark Wilson.
    Reuters; Bloomberg  -  532 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 ST INDEX 2,945.42 (-12.30) ST INDEX FUTURES 2,945 (-12) SIMSCI 347.72 (-2.06) SIMSCI FUTURES 347.30 (-2.90) FOREX US$ S$ US$ (S$ per US$) 1.378 (US$/S$ per 1.534 2.114 EURO (US$/S$/E) 1.297 1.787 Foreign currency per US$ S$ YEN 86.90 63.00 RM 3.224 2.340 HK$ 7.776 5.644 BAHT 32.27
    143 words
  • Article, Illustration
    Lock icon Early flood alerts for Orchard Rd businesses
    939 1  -  They will be warned by SMS when waters start to rise; flood barriers recommended By LEE U-WEN, FELDA CHAY [SINGAPORE] Help is at hand for businesses in Orchard Road to make sure that they are better prepared to deal with flash floods. The
    SHIN MIN  -  939 words
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      220 1 HOCK LOCK SIEW China Taisan: a hidden piece of treasure PAGE 6 SME Inc KTL moving with the times PAGE 13 OPINION Wall St reform bill ‘more of the same’ PROPERTY Vertical greening PAGE 30 PAGE 22 8 '*****1 *****4 DESIGNED FOR PERFORMANCE ENGINEERED FOR ELEGANCE r m Self-winding mechanical
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      11 1 Claims from latest flood not likely to exceed $8m, Page 4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      604 2 Early flood alerts for Orchard Rd businesses HELP is at hand for businesses in Orchard Road to make sure that they are better prepared to deal with flash floods. The Public Utilities Board has invited shopowners along the popular belt a new flooding hot spot to sign up
      604 words
    • Article
      Lock icon Loophole exploited by moneylenders closed
      518 2  -  Proceeds from sale of HDB flats no longer allowed as collateral for loans YESTERDAY IN PARLIAMENT Reports by LEE U-WEN [SINGAPORE] Homeowners will no longer be allowed to use their HDB flat or its sale proceeds as collateral for taking loans or paying off debts.
      518 words
    • Article
      Lock icon Debate as HDB spreads its wings
      470 2 [SINGAPORE] The amendment in the bill was a minute one, but it provoked two Members of Parliament enough to raise concerns about the government’s proposal to allow the Housing and Development Board to expand its services overseas. Ang Mo Kio GRC MP Lee Bee
      470 words
    • Article, Illustration
      Lock icon Claims from latest flood not likely to exceed $8m
      541 4  -  Estimated claims from June 16 flood total $8m, of which $3.8m are for vehicle damage By SAMUEL EE [SINGAPORE[While it is too early to assess last weekend’s flood damage to vehicles and property, the signs are insurers may not have to
      THE NEW PAPER FILE PHOTO  -  541 words
    • Article
      Lock icon US lets BP keep oil cap closed for another day
      743 4 AP [NEW ORLEANS] The US government yesterday allowed BP plc to keep the cap shut tight on its damaged Gulf of Mexico oil well for another day after the company promised to watch closely for any signs of new leaks
      AP  -  743 words
    • Article, Illustration
      Lock icon Hungary faces market pressure to agree with IMF
      738 4 Central bank leaves rate unchanged for a third month Reuters [BUDAPEST] Hungary’s markets sold off yesterday after the government rebuffed lenders’ calls for tougher austerity measures, bringing weekend talks on further aid to a premature end and rattling investor confidence. Analysts said
      Reuters; REUTERS  -  738 words
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      508 2 KPMG Seminar Series SINGAPORE léíáçåë A pragmatic approach to versatile forward transactions a~íÉë 26 27 August 2010 Options are versatile forward transactions, enabling better risk-taking and hedging in both the financial and corporate worlds. The option novice tends to shudder when confronted with descriptions of in-, at-or out-of-the money options,
      508 words
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      416 2 SINGAPORE JAPAN GATEWAY TO THE OPEN MIZUNO DREAM CUP Sentosa Golf Club Sept Oct 2010 (qualifying rounds) March 2011 (local final) MIZUNO DREAM CUP Yomiuri Country Club May 2011 THE MIZUNO OPEN YOMIURI CLASSIC Yomiuri Country Club June 2011 THE GATEWAY PASS TO THE OPEN Royal St Georges GC ]uly
      416 words
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      119 3 I M i t f- IP? 4. I w S 3-: %'Wtt > V /> yry ;r?> ttgrai <\ >9 ?«P1: J«j& m U 1960-2010 V !3 m v, **3 <®Sl >? pP&ggrtnjj|tfj^ J! sfM.; 2* >- -A TK 7^ 5^ rV r J5f *ry <v ra ft/ >• /<
      119 words
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      147 4 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Jr NANYANG EXECUTIVE N until mnq S:hapiffq\the Rutune of Business w PROGRAMMES Berkeley-Nanyang Advanced Management Programme* 20 Sep 1 Oct 2010 (NTU, Singapore) 7-18 Mar 2011 (UC Berkeley, USA) Leadership and Innovation in Science and Technology (LIST) Advanced Management Programme* 23 Oct 6 Nov
      147 words
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  • COMPANY NEWS
    • Article
      Lock icon Khazanah mulling two options for Parkway
      399 5  -  It may up price for existing offer or launch full-fledged general offer By NISHA RAMCHANDANI MALAYSIAN sovereign wealth fund Khazanah Nasional is looking at either raising its $3.78-a-share offer for a bigger stake in Singapore’s Parkway Holdings, or launching a full-fledged general offer that
      399 words
    • Article
      Lock icon No impact from HK court ruling: CapitaLand
      376 5  -  By LYNETTE KHOO CAPITALAND said yesterday that there was no financial impact on the group stemming from a court ruling in Hong Kong concerning a troubled Macau casino project. The group has an effective 20 per cent stake in the Macao Studio City
      376 words
    • Article, Illustration
      Lock icon K-Reit net property income up 49% in Q2, but DPU falls 38%
      574 6  -  It buys office, retail space in Sydney building for A$120 million By EMILYN YAP K-REIT Asia has acquired office and retail space at 77 King Street in Sydney, Australia, for A$120 million (S$145 million). The trust announced the
      574 words
    • Article
      Lock icon China Taisan: a hidden piece of treasure
      684 6  -  HOCK LOCK SIEW By VEN SREENIVASAN THOUGH the market recovery of the past year has lifted most stocks, many S-chips stocks of China-based companies listed in Singapore have underperformed, no thanks to a series of corporate scandals involving these companies. The textile fibre
      684 words
    • Article, Illustration
      Lock icon SENTRAL PLANNING The rerating of MRCB gets underway
      641 6 Ta £i8 Stock Malaysia A special series brought to you by Bursa Malaysia and Sharelnvestor A visitor to the offices of Malaysian Resources Corporation (MRCB) at ISentral in downtown Kuala Lumpur is handed a digitised card and told to press it against
      641 words
    • Article
      Lock icon Yangzijiang wins orders worth US$234m in Q2
      401 8  -  Nod from Taiwan exchange, central bank also moves it closer to TDR listing By JOYCE HOOI YANGZIJIANG Shipbuilding (Holdings) said yesterday it chalked up 10 shipbuilding contracts worth US$234.16 million in the second quarter of this year. The awards lifted Yangzijiang’s outstanding order
      401 words
    • Article, Illustration
      Lock icon Viking buys into two offshore firms
      364 8  -  By NICHOLAS YEO VIKING Offshore and Marine yesterday announced the purchase of controlling stakes in two companies for a total of $29.8 million. Viking is buying 100 per cent of Promoter Hydraulics, a specialist in winches, power packs and marine decking equipment, for $22.3
      FILE PHOTO  -  364 words
    • Article
      Lock icon Credit loss risks on residential property loans limited: S&P
      428 8 THE credit loss risks of Singapore banks would be limited even if an asset bubble were to form, Standard Poor’s Ratings Services said yesterday. Singapore banks’ heavy exposure to home loans and the strong climb in property prices in the past
      428 words
    • Article
      Lock icon Region’s brokers appear attractive: Nomura
      410 8  -  Money velocity seems to be falling as banks hoard cash By MICHELLE QUAH REGIONAL brokerages in China, Hong Kong, Korea, Taiwan, Malaysia, Singapore and Thailand are looking to be attractive investments, after underperforming substantially this year, says Nomura International. Its latest Asian strategy call said
      410 words
    • Article, Illustration
      Lock icon Qian Hu Q2 net profit plunges 42.9%
      364 8  -  By RACHEL SIM ORNAMENTAL fish breeder Qian Hu Corporation has posted a 42.9 per cent drop in second-quarter net profit to $950,000 from a year back hit by air-traffic disruption in Europe, the World Cup in South Africa, unrest in Thailand and bad
      FILE PHOTO  -  364 words
    • COMPANY BRIEFS
      • Article
        Lock icon Temasek on STATS de-listing
        89 8 TEMASEK Holdings said yesterday it has decided not to de-list STATS ChipPAC from the Singapore Exchange “at this time”. The investment company holds 83.05 per cent of STATS ChipPAC through wholly owned subsidiary Singapore Technologies Semiconductors. STATS ChipPAC’s American Depository Shares were de-listed from Nasdaq on
        89 words
      • Article
        Lock icon NOL container shipping jumps
        108 8 HIGHER volumes across all major trade lanes boosted container shipping for Neptune Orient Lines (NOL) by 29 per cent year on year between May 29 and June 25. NOL said the Trans-Pacific and Intra-Asia trade lanes in particular underpinned growth for the four-week period, boosting volume
        108 words
      • Article
        Lock icon Etika proposes to buy 2 firms
        77 8 ETIKA International yesterday proposed to buy two companies, Susu Lembu Asli (Johore) Sdn Bhd and Susu Lembu Asli Marketing Sdn Bhd, for RM89.5 million (S$38 million) from Excel Corporate Solutions Sdn Bhd. It said it believes the proposed acquisitions will generate a new revenue
        77 words
      • Article
        Lock icon Asiamedic expects loss for H1
        47 8 ASIAMEDIC has warned it expects to report a loss for first-half 2010. “This is due mainly to the decrease in revenue from diagnostic imaging as a result of the intense competitive environment as well as the increase in operational costs,” it said.
        47 words
      • Article
        Lock icon China Dairy sees Q2, H1 loss
        64 8 CHINA Dairy Group expects to report a consolidated loss for the second quarter and half-year fiscal 2010. It said it has had to spend more on trade promotion and advertising than it did in Q1 2010. Rising prices of key raw materials continue to
        64 words
      • Article
        Lock icon HG Metal shares for Oriental
        92 8 HG METAL has agreed to issue 163.85 million new shares to Oriental Castle Sdn Bhd at $0.095 apiece under a subscription agreement signed yesterday. HG has also agreed to grant the subscriber a call option to subscribe for a further 153 million shares at the
        92 words
      • Article
        Lock icon Think Env firms ink $19m deal
        85 8 THE Think Environmental Co said its subsidiary Industrial Power Technology Pte Ltd (IPT) and associated company Industrial Power (Thailand) Co have signed an engineering, procurement and construction contract with Surin Bio Power worth $19.6 million to build a rice husk-fired bio-mass power plant in
        85 words
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      194 5 I§p 1 ft II ■a n m jn? FBagaSi iik £S*&^S World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to
      194 words
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      391 6 BUSINESS LEADERS INITIATIVE BUSINESS LEADERS FORUM 2010 25 AUG 2010 GEAR UP FOR GROWTH The Business Leaders Forum with the theme "Gear up for Growth" focuses on business growth strategies and thought leadership for enterprises like yours to successfully bring your business to the next level. Our distinguished keynote speaker
      391 words
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      275 7 mm A C Y N GARDEN HOMES FREEHOLD SBj»> ii i i x MacRitchie Reservoir Park pi Velocity EES A Novena |J National Junior College |J Raffles Girls L Pri Sch BUKIT TIMAH RD m Raffles Girls Sch Tangs *The Shopping "Paragon Centre ORCHARD RD (u/c): Future Downtown Line MRT
      275 words
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      846 8 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE I, Jeremy Menzies Paisley, divorcé, of 835 Bukit Timah Road, #01-01, Singapore *****8 intend to marry Joanna Cristy v. Gavilo, single, of P4B5L6, Summer St, Hillside Sdv, Bajada, Davao City, Philippines at Garden Oases, Porras St, Bo Obrero, Davao City, Philippines on
      846 words
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      112 9 Better development. s 4 •\r W *7# SM t <»<» vv* p> o f- =jj "i r cca BN r fr A 36 ft -VI A M m rs sKi r ft in i r 5 >*iii Jf; I S3 iL 1 ran v-v 1 I ft 1 5 E
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon As expected, stocks fall in low volume
      615 10  -  STI replicates Hang Seng Index’s down-up-down volatility, closing 12 points weaker STOCKS R SIVANITHY Senior Correspondent THE local bourse responded in fairly predictable fashion yesterday to Wall Street’s Friday drop, with the broad market weakening and the Straits Times Index’s (STI) movements dictated
      Source: Bloomberg  -  615 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 Jul 19 VALUE CLOSE BT OB/OS 512.00 -27.00 BT CADI -*****.00-110.00 BT 10-day MA -*****.00 +52.00 FTSE ST Mid Cap 715.42 +0.56 FTSE ST Small Cap 536.59 -2.40 FTSE ST All Share 725.78 -2.47 FTSE ST China Top 263.85 -0.39 FTSE ST China 294.93 +2.65 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 10 VOLUME Golden Agri 83,047,000 LeaderEnv 41,049,000 Abterra 37,127,000 ChinaNTown 30,736,000 Fuxing 27,424,000 Noble Grp 24,854,000 Juken Tech 21,430,000 NOL 20,910,000 Genting SP 17,050,000 SingTel 16,313,000 VALUE($) DBS Grp 69,229,840 SingTel 50,429,020 Golden Agri 47,125,670 Noble Grp 41,977,940 NOL 41,165,680 IS MSCI India 100 40,059,813 UOB 34,462,965 CapitaLand
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 4 0 0 0 6 6 4 Manufacturing 27 61 75 5 2 10 32 63 85 Commerce 13 22 26 1 4 4 14 26 30 Tpt/Stor/Comms 4 22 14
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon CapitaCommercial Trust
        910 10  -  July 19 close: $1.35 Compiled by CONRAD TAN CIMB-GK Securities, July 19 CAPITACOMMERCIAL Trust (CCT) announced that it will sell StarHub Centre to Frasers Centrepoint Ltd (FCL) for $380 million or 42.5 per cent above the last valuation. The proceeds from the sale are earmarked for acquisitions and
        Source: Bloomberg  -  910 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,334 26,334 52,864 52,864 Manufacturing 249,587 14,793 264,380 163,602 2,480 166,082 Commerce 101,987 11,292 113,279 89,762 2,593 92,355 Tpt/Stor/Comms 87,605 146 87,751 157,946 14 157,961 Finance 14,574 14,574 137,626 137,626 Construction 17,622 10,460 28,082 3,135
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 10 Stock name Close Change CapMallsAsia 2.050 -0.010 CapitaLand 3.780 -0.010 CapitaMall 1.990 +0.020 CityDev 11.400 +0.060 ComfortDelGro 1.510 DBS Grp 14.560 -0.240 F&N 5.520 +0.050 Genting SP 1.190 Golden Agri 0.570 +0.010 HK Land 5.270 +0.110 JMH 39.940 -0.360 JSH 23.500 +0.120 Jardine C&C 35.040 +0.520
      109 words
    • Article, Illustration
      Lock icon Euro nears 2-month peak against dollar
      435 10 CURRENCIES Reuters [NEW YORK] The euro hovered near a two-month high against the dollar yesterday, rebounding from lows hit after a downgrade of Ireland’s sovereign ratings, as investors awaited results of European banks’ stress tests. Traders said semi-official demand was helping to push the
      Reuters; BLOOMBERG  -  435 words
    • Article
      Lock icon RISES
      111 10 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5437 165.2 2.3 DBXT iBoxxSvEu 5US$ ***** 141.8 0.5 Jardine C&C 3504 52.0 1.5 DBXT CSI300 10US$ 890 28.9 2.4 JSH 2350 16.5 0.5 HK Land 527 15.2 2.1 DairyFarm 739 13.8 1.4 OCBC Bk.ES.1007 897 12.0 1.4 OCC 5.1% NCPS
      111 words
    • Article
      Lock icon FALLS
      128 10 BY CENTS CLOSE DOWN DBXT AUDMM 5SG$ *****-155.0 -0.7 GLD 10US$ *****-154.2 -0.9 Pru 500US$ 794 -52.3 -4.6 JMH 3994 -49.6 -0.9 DBXT FTChina25 10US$ 2835 -42.7 -1.1 DBXT Nifty 10US$ ***** -33.1 -0.2 Lyxor China H 10US$ 1453 -33.1 -1.6 DBXT MSTaiwan 10US$ 1533 -28.9 -1.4 DBXT MSINDO
      128 words
    • Article
      Lock icon CURRENCIES
      87 10 Where S$ stands Jul 19 CHNG YR 2010 CLOSE FR Jul 16 S$ LOW S$ HIGH US$ 1.3778 -0.17 1.4219 1.3680 Euro 1.7852 -0.25 2.0153 1.6886 Pounds 2.1065 0.68 2.2831 2.0003 A$ 1.1977 0.61 1.2960 1.1515 Yen* 1.5799 -0.05 1.5951 1.4467 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.2683 -0.04
      87 words
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      33 11 LEVIEV EXTRAORDINARY DIAMONDS NEW YORK LONDON MOSCOW DUBAL SINGAPORE www.leviev.com ■ft i Exclusively At YAFRIRO Celebrer La Vie HOTEL LOBBY LI -08 THE SHOPPES AT MARINA BAY SANDS T: (65) 6688 7333 WWW.YAFRIRO.COM
      33 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Government very much focused on people: Amy Khor
      585 12 She rebuts MP’s contention about Singapore’s high income inequality YESTERDAY IN PARLIAMENT SINGAPORE has never pursued a “GDP growth at all cost” strategy, the government said yesterday in a robust response to a view that a growth-centred model here has led to
      585 words
    • Article, Illustration
      Lock icon VCH to host gala concert before closing for face-lift
      280 12 MUSIC lovers, take note. Singapore’s grand old dame, the Victoria Concert Hall, will host a final gala concert on July 25 before closing its doors for a three-year face-lift. The final concert will be an invitation-only event, with a limited number
      FILE PHOTO  -  280 words
    • Article
      Lock icon Tobacco ads assigned to history books
      348 12  -  Screws on packet labels also tightened, with ban on light, ultra-light and mild By FELDA CHAY THERE will now be a full ban on tobacco advertising in Singapore, and such companies will no longer be able to sponsor arts and cultural events. In addition
      348 words
    • Article
      Lock icon URA launches site in Kaki Bukit for tender
      417 12  -  By KALPANA RASHIWALA THE Urban Redevelopment Authority (URA) has launched a 3ha site at Kaki Bukit Avenue 4 for tender under the confirmed list. The plot, with a 2.5 plot ratio, is being offered on 60-year-leasehold tenure and is designated for Business
      417 words
    • Article
      Lock icon Temasek selling sterling bonds
      332 12 Reuters SINGAPORE investment company Temasek Holdings will soon sell ster-ling-denominated bonds for the first time to diversify its funding sources. Temasek has hired UBS, Deutsche Bank, HSBC and RBS to sell the bonds, according to a note sent to fund managers yesterday by one of the
      Reuters  -  332 words
    • Article
      Lock icon Simon Tay joins WongPartnership
      263 12  -  By MICHELLE QUAH LAW lecturer and environmentalist Simon Tay has joined law firm WongPartnership as a senior consultant. Associate Professor Tay, who heads the Singapore Institute of International Affairs (SIIA), will contribute to WongPartnership’s environmental and green economy practice. He will also lend his expertise to
      263 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon ABN Amro’s new Asia biz development head
        82 12 PHYLLIS Fong, formerly head of marketing and sales management at ABN Amro Private Banking Hong Kong, has been appointed the private bank’s regional head of business development for Asia. She succeeds Peeter Chris Hart, who will move to Nice, France, to head the
        82 words
      • Article
        Lock icon French honour for NTU secretary
        81 12 THE French government has conferred the Ordre des Palmes academiques (Order of Academic Palms) a civil decoration created in 1808 by Napoleon Bonaparte on Anthony Teo, secretary to the university at Nanyang Technological University (NTU). The title is given to people who have significantly contributed
        81 words
      • Article
        Lock icon Over 280 attendees for hospitality courses
        62 12 MORE than 280 hospitality executives are attending the Cornell-Nanyang Institute of Hospitality Management (CNI)’s general managers programme and professional development programme, which both start this week in Singapore. CNI is a tie-up between Cornell University’s School of Hotel Administration and NTU’s Nanyang Business School.
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      • Article
        Lock icon Nets expands FlashPay network
        64 12 ELECTRONIC payments provider Nets has extended its FlashPay card top-up service to all MRT stations, bus interchanges and bank ATMs. It now has more than 3,000 top-up locations across Singapore. Nets is also holding a “Win free Rides” campaign those who use the card on public
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  • Page 12 Advertisements
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      68 12 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Rest assured. Now you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses Feather Down Pillows/Quilts Bedding Accessories more! #01 -15/16 The
      68 words
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      21 12 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
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  • SME Inc
    • Article, Illustration
      Lock icon Moving with the times
      1126 13  -  Rigging specialist KTL is looking at expansion into Africa and the Middle East, reports JASLENE PANG SMALL CAPS JASLENE PANG LISTED rigging specialist KTL Global Limited might have been founded almost a hundred years ago, but even a 98-year-old can be agile in adapting to the
      ARTHUR LEE  -  1,126 words
    • Article, Illustration
      Lock icon CS Graphics aims to begin a new chapter
      911 14  -  The firm is in talks with publishers here in order to raise its local profile, reports CHEN HUIFEN CHEN HUIFEN SPECIALISTbookprinterCSGraphicsmay not be a familiar name in Singapore, but in the US and UK, it’s an award-winning company well-known among museums and
      JOHN HENG  -  911 words
    • Article
      Lock icon Reap the benefits of sensible segmentation
      1041 14  -  By ANDREAS BIRNIK The writer is adjunct assistant professor of strategy policy at NUS Business School. He specialises in international business, marketing and strategy. This is an abridged version of an article first published in Business Strategy Review written together with Richard Moat, managing
      1,041 words
    • Article
      Lock icon A business born out of happenstance
      492 14 FOUNDED in 1987 by Linus Lee’s father Lee Sian Tee, 63, CS Graphics may never have materialised if not for a call from a long-time German contact. At the time, the elder Mr Lee had already closed his first business venture a print broking
      492 words
    • Article, Illustration
      Lock icon Heatec Jietong amps up employee productivity
      346 14  -  By JASLENE PANG EVEN before raising productivity became the latest mantra in Singapore, heat transfer and piping system specialist Heatec Jietong Holdings Ltd was already spicing up its productivity journey by introducing a pinch of friendly competition. Heatec executive director Winston Chua said: “There
      YEN MENG JIIN  -  346 words
    • Article
      Lock icon Redefining the SME
      1147 15 THIS WEEK’S TOPIC A review of the definition of SME in Singapore is underway. Currently an SME is classified as an enterprise with no more than $15 million in fixed asset investment, and a maximum of 200 employees (for those in services sector). As the new definition
      1,147 words
    • Article
      Lock icon SOE calling for award nominations
      292 15  -  By JASLENE PANG NON-PROFIT organisation the Spirit of Enterprise (SOE) is calling for nominations for its 2010 Spirit of Enterprise Awards. Into its eighth year, the annual event aims to recognise successful small and medium businesses (SMBs). Serena Wee, board of governor of the SOE
      292 words
    • Article
      Lock icon Small caps hold on to gains, up 0.5%
      408 15  -  By TEH HOOI LING INTEREST in the stock market remains muted, with shares worth less than $1 billion being traded on the Singapore Exchange yesterday. Still, stocks in general managed to hold on to gains made last week. Our small-cap portfolio edged
      408 words
  • Page 13 Advertisements
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      9 13 SME VOICES Redefining small and medium enterprises Page 15
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      104 15 Voices Next week's topic: Cultural differences mean that a different approach is essential for businesses seeking to clinch overseas deals. What interesting experiences have you had while trying to negotiate deals abroad, and what tips would you provide to fellow SMEs to smoothen the process? If you are an SME
      104 words
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      84 15 WHETHER YOUR BUSINESS IS BIG OR SMALL, WE’RE EXACTLY THE RIGHT SIZE. At DHL we understand that different companies need different logistics solutions. That’s why we provide air, ocean and road freight expertise that caters for your specific requirements. And we offer you flexibility and easy access to a wide
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  • ECONOMY WATCH
    • Article
      Lock icon Banks, mutual funds beat bond dealers
      809 16 For the first time, they buy up more Treasuries than the latter at auctions Bloomberg [WASHINGTON] For the first time since the government started collecting the data, central banks, mutual funds and US banks are buying more government securities at Treasury auctions than Wall
      Bloomberg  -  809 words
    • Article
      Lock icon Moody’s cuts Ireland by one notch
      238 16 Reuters Bloomberg [DUBLIN] Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2 yesterday, citing weaker growth prospects and the high costs of rebuilding the country’s crisis-hit banking system. The rating agency, which cut Ireland from Aa1, said the outlook was stable. The
      Reuters; Bloomberg  -  238 words
    • Article, Illustration
      Lock icon After the turmoil, things are looking up in Europe
      676 16 NYT [LONDON] Just two months ago, Europe’s sovereign debt problems seemed grave enough to imperil the global economic recovery. Now, at least some investors are treating it as the crisis that wasn’t. Spain held an auction of 15-year bonds last week
      NYT; AP  -  676 words
    • Article, Illustration
      Lock icon Bernanke, dodging lawmaker jabs on rates, holds back Treasuries
      803 16 Fed chief to present his semiannual report on monetary policy this week Bloomberg [WASHINGTON] It’s an election year and unemployment is high. Congress’ response? Give the Federal Reserve a break. Lawmakers who will question Fed chairman Ben Bernanke this week during
      Bloomberg  -  803 words
    • Article
      Lock icon IMF to push for aid kit of US$1t at G-20 summit
      378 16 Bloomberg [SEOUL] The International Monetary Fund is seeking to increase its lending capacity to US$1 trillion, from the current US$750 billion, at a Group of 20 summit in South Korea in November, according to a Korean government official. The
      Bloomberg  -  378 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Shopping body sees RM60b in tourist spending
      415 17 [KUALA LUMPUR] Foreign tourists are expected to spend a whopping RM60 billion (S$25.6 billion) shopping in the country in 2020, accounting for more than 35 per cent of the total foreign exchange receipts of RM168 billion then, reports Malaysia’s Business Times yesterday. HC
      FILE PHOTO  -  415 words
    • Article
      Lock icon BNP Paribas bullish on Indonesian bonds
      281 17 Reuters [HONG KONG] BNP Paribas Investment Partners, which manages US$682 billion worldwide, is overweight on Indonesian bonds and expects them to outperform debt globally, said London-based investment specialist Ernesto Bettoni. Expectations of a rating upgrade and that central bank policy rates will stay at
      Reuters  -  281 words
    • Article
      Lock icon F&N Bhd drinks to Indochina’s tea culture
      613 17  -  Region holds huge potential for group’s liquid milk business, says CEO By PAULINE NG in Kuala Lumpur INDOCHINA’S lively tea culture bodes well for Fraser Neave Holdings Bhd, its chief executive Tan Ang Meng asserts. The region with its large population and penchant
      613 words
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      Lock icon Page 17 Advertisements Column 1
      305 17 Experience the excitement of Hong Kong whenever you like with Cathay Pacific with 7 flights a day from 1 August 2010, we offer more flights from Singapore to Hong Kong than any other airline. And when you fly to Hong Kong from now to 31 August 2010, you'll earn Double
      305 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Young migrants in Shenzhen underpaid: poll
      509 18 Workers in no position to demand higher pay, have to resort to overtime Reuters [BEIJING] Young migrant workers in the southern Chinese boomtown of Shenzhen are sorely underpaid but are in no position to ask for more money, according to latest survey figures cited
      Reuters; REUTERS  -  509 words
    • Article
      Lock icon Ericsson wins China Mobile deal
      223 18 Reuters [STOCKHOLM] Ericsson has won its largest-ever managed services deal in China, a three-year contract with China Mobile to maintain 22,000 base stations in Hebei province. Ericsson, the world’s top mobile network equipment firm, gave no financial details of the deal, but its stock was
      Reuters  -  223 words
    • Article
      Lock icon Lift mandatory open offer to 100%: SEBI
      243 18 Reuters Bloomberg [MUMBAI] A takeover panel formed by the Securities and Exchange Board of India (SEBI) yesterday recommended lifting the mandatory open offer level to 100 per cent from the current 20 per cent, making it easier for minority shareholders to participate in
      Reuters; Bloomberg  -  243 words
    • Article
      Lock icon Internet TV booms as viewing habits change
      851 18 Big China video sites step up spending to license content NYT [SHANGHAI] Internet TV has arrived in China. Every month, about 300 million people in China are using a computer to watch Chinese TV dramas, Japanese and Korean sitcoms, and even American films
      NYT  -  851 words
    • Article
      Lock icon India under pressure to up rates as inflation set to rise
      402 18 Bloomberg [NEW DELHI] India’s inflation will accelerate in July, the government’s top statistician said, increasing pressure on the central bank to raise interest rates next week for a fourth time in five months. “The inflation number in July will
      Bloomberg  -  402 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      289 18 For 4 weeks, purchase any 2 SPH newspapers at Buzz Pods islandwide and receive a voucher* to enjoy over 50% savings at these attractions! 1 Check out our weekly deals! Weekl 12 to 18 July: Purchase 2 Adult ticket* V pfcON} w $15 (RSP per Adult Ticket) 5Week 3 26
      289 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon UK to tap dormant bank accounts
      455 19 Hundreds of millions of pounds to be used for community projects: Cameron Bloomberg [LONDON] UK Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects. Mr Cameron said that he would press ahead
      Bloomberg  -  455 words
    • Article
      Lock icon Philips Q2 profit rises to 262m euros on strong sales
      360 19 AP [THE HAGUE, Netherlands] Royal Philips Electronics NV, the world’s largest maker of lights, said yesterday its second-quarter profit rose sharply, thanks to strong sales at its lighting and consumer electronics divisions, particularly in emerging markets. Net profit was 262
      AP  -  360 words
    • Article
      Lock icon Aussie PM extends lead in election race
      323 19 Reuters [SYDNEY] Australian Prime Minister Julia Gillard’s chances of winning an August 21 election were boosted yesterday with an opinion poll showing voters overwhelmingly preferred her as prime minister. The country’s first woman prime minister, appointed in a Labor party coup last month,
      Reuters  -  323 words
    • Article
      Lock icon US$500m of new aid for Pakistan
      484 19 Washington hopes this will win over sceptical public Reuters [ISLAMABAD] US Secretary of State Hillary Clinton announced more than US$500 million in new aid projects for Pakistan yesterday, which Washington hopes will help win over a sceptical public in an ally vital to winning
      Reuters  -  484 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      67 19 MASERATI EXCELLENCE THROUGH PASSION GRANCABRIO, BY MASERATI rij --7-* -S--V- a WBr\ Hong Seh Motors Pte Ltd Official Maserati Importer, Singapore Head Office: 1 0 Fourth Lok Yang Road Singapore *****7 Head Office Tel: 6266-1 555 City Showroom: 390A Havelock Road Waterfront Plaza #01-06/08 Singapore *****4 Showroom hours: Monday Friday:
      67 words
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  • WORLD
    • Article
      Lock icon US stock investors bet on Republican gain
      808 20 Erosion of Obama’s control of Congress could slow pace of tax legislation Bloomberg [NEW YORK] Growing dissatisfaction with US President Barack Obama before this year’s elections is good news for stock investors, if history is any guide. The Standard Poor’s 500 Index has
      Bloomberg  -  808 words
    • Article, Illustration
      Lock icon UK curry houses sweat over industry’s future
      765 20 AFP [LONDON] Spicy, steaming hot, scooped up in naan bread and washed down with a cold beer, there are few dishes more favoured by the British than the curry for a takeaway or a late-night meal after the pubs shut. But restaurateurs are
      AFP  -  765 words
    • Article
      Lock icon Jobs riddle dogs Obama as midterm polls loom
      640 20 Spike a short-term or permanent shift in worker demand? NYT [WASHINGTON] Welcome as it is, progress toward finally capping the Gulf of Mexico’s oil leak hasn’t resolved the biggest conundrum facing President Barack Obama before the midterm elections. That conundrum, which reclaims
      NYT  -  640 words
    • Article
      Lock icon US firms plan to hire but service sector lags: survey
      412 20 Reuters [WASHINGTON] Plans by US firms to increase payrolls over the next six months have risen to the highest level since January 2008, but some service sector companies still see layoffs, according to a survey released yesterday. The survey by
      Reuters  -  412 words
    • Article, Illustration
      Lock icon SUMMER SPLASH
      62 21 [TOKYO] A girl trying to beat the summer heat at a Tokyo park. The Japan Meteorological Agency reported over the weekend that the temperature in central Tokyo shot up to 31 degrees Celsius (88 F) at noon as the weather men declared the rainy season seemed to be
      AP  -  62 words
    • Article
      Lock icon Countries upbeat on Europe bank stress tests
      398 21 No nasty surprises for Spain’s ‘cajas’: association head Reuters [LONDON] Bankers and officials in Spain, Greece and Belgium joined a swell of countries saying that they saw no big shocks from Europe’s stress test of its banks, although doubts linger whether the health
      Reuters  -  398 words
    • Article, Illustration
      Lock icon Talk persists of NY mayor running for president
      353 21 Reuters [BOSTON] New York City Mayor Michael Bloomberg, one of the richest men in America, says his views are too polarising for him to become president of the US. But analysts say however much he may protest, conditions may be gelling for
      Reuters  -  353 words
    • Article
      Lock icon US watchdog criticises handling of car dealers
      418 21 Treasury moves in recent crisis led to closures, adding to jobless rolls AP [WASHINGTON] The Treasury Department failed to consider the economic fallout when it told General Motors and Chrysler to quickly shutter many dealerships as part of government-led bankruptcies, a federal watchdog
      AP  -  418 words
    • Article
      Lock icon Proving manipulation to become easier
      709 21 Financial bill to allow CFTC to better police the trading practice Bloomberg [NEW YORK] Traders will face new rules aimed at making it easier for regulators to prove manipulation in markets for commodities such as oil, wheat and natural gas under the financial overhaul awaiting
      Bloomberg  -  709 words
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  • Page 21 Advertisements
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      1099 21 Consolidated financial statements year ended 31 December 2009 Balance sheet at 31 December 2009 In thousands of euros 31 Dec 2009 31 Dec 2008 ASSETS Cash and amounts due from central banks and post office banks 600,206 369,555 Treasury bills and money-market instruments 8,108,016 4,943,852 Due from credit institutions 42,389,150
      1,099 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Market response to AgBank IPO was astute
      521 22 EDITORIAL THE weak trading debut of Agricultural Bank of China (AgBank) last week would have come as a big disappointment to the bank, its backers, the Chinese government and, indeed, the big-name investors who had agreed to support the issue. But it was
      521 words
    • Article, Illustration
      Lock icon Obama doing too little on jobs and the economy
      827 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is a professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT THE latest hot political topic is the “Obama paradox” the supposedly mysterious
      NYT  -  827 words
    • Article, Illustration
      Lock icon Wall St reform bill ‘more of the same’
      1088 22  -  Is it authority to avoid another collapse or more power to failed US agencies? LEON HADAR Washington Correspondent ONE more signature to go that of President Barack Obama in a week and the financial reform legislation approved by the US Senate will
      BLOOMBERG  -  1,088 words
    • Article, Illustration
      Lock icon Facing up to second-half challenges
      1050 23  -  Domestic demand and govt’s ability to provide stimulus will likely help S’pore withstand external demand slowdown By SANCHITA BASU DAS The writer is Lead Researcher for Economic Affairs at the Asean Studies Centre, Institute of Southeast Asian Studies. She is the author of the forthcoming
      AFP  -  1,050 words
    • Article, Illustration
      Lock icon ECB needs a self-stress test
      797 23  -  REUTERS BREAKINGVIEWS By PIERRE BRIANÇON JEAN-CLAUDE Trichet, president of the European Central Bank (ECB), has been pushing hard for stress tests to be conducted on eurozone banks. But the ECB itself could probably do with a thorough examination of its own. It has loaded dodgy
      AFP  -  797 words
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  • AVIATION
    • Article, Illustration
      Lock icon Dreamliner thrills with maiden trip outside US
      680 24 Reuters AP [FARNBOROUGH, England] Boeing Co’s new 787 Dreamliner touched down in Britain on Sunday on its first trip outside the United States, thrilling hordes of eager planespotters who came out to see the breakthrough carbon-composite plane. A media circus ensued as Boeing
      Reuters; AP; AFP  -  680 words
    • Article
      Lock icon Biggest orders likely to come from Middle East
      652 24 Tentative upswing in demand driven mainly by emerging markets, low-cost carriers FARNBOROUGH AIRSHOW Reuters AP [FARNBOROUGH, England] Middle Eastern buyers are poised to place some of the largest orders at Farnborough as the global aviation industry’s biggest airshow opened in the sleepy
      Reuters; AP  -  652 words
    • Article
      Lock icon MAS inks deal with Pratt and Whitney
      151 24 AP [KUALA LUMPUR] Malaysia Airlines said yesterday that it has awarded a US$680 million deal to US jet engine maker Pratt and Whitney to supply 34 engines for its 17 new Airbus planes. The flag carrier has ordered up to 25 A330-300 and
      AP  -  151 words
    • Article
      Lock icon Emirates orders 30 B777-300ER
      393 24 Bloomberg AP [DUBAI] Emirates Airline has ordered 30 Boeing 777-300ER aircraft valued at US$9.1 billion, as the largest Arab airline expands its fleet of long-range jets. The order, announced yesterday at the Farnborough Airshow in the UK, adds to a fleet of 71 B777-300ERs previously ordered,
      Bloomberg; AP  -  393 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2984 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 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 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 0025
      2,984 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      344 24 CRYPTIC CROSSWORD Across 1 Pet given oxtail? (7) 5 Signs of promotion for loading rubbish aboard ship! (7) 9 Break down in lane, say, undergoing repairs (7) 10 Listening to fresh track, one went away indifferent (7) 11 People deputising to cover golf rankings (9) 12 Fear unloaded rifle being
      344 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3291 25 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.
    3,291 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      27 25 Shipping lines seeking reliable Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      27 words
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  • Article, Illustration
    Lock icon China seals Dalian port after spill
    826 26 Efforts on to clean up 50 sq km oil slick caused by crude pipeline explosions Reuters [BEIJING] China has closed the Dalian Xingang oil port in its north-east, home to the country’s largest oil reserve bases, after crude pipeline explosions spilled oil into the
    Reuters; AP  -  826 words
  • Article
    Lock icon Traders fix ships to store gas oil, jet fuel in Europe
    408 26 Reuters [SINGAPORE] Trading firms Vitol and Hetco have fixed two Aframaxes ship each to store gas oil and/or jet fuel in the European oil hub of Amsterdam, Rotterdam, Antwerp (ARA), ahead of winter to take advantage of a marginally
    Reuters  -  408 words
  • Article
    Lock icon KL box rates near pre-crisis levels
    391 26 [KUALA LUMPUR] Malaysia’s container shipping freight rates have returned to near pre-crisis levels, driven by a combination of demand and shortage of container equipment, says a report in Malaysia’s Business Times yesterday. “We started to see rates go up from the last quarter of
    391 words
  • Article
    Lock icon Singamas sees box prices rising on shortage
    453 26 Bloomberg [SINGAPORE] Singamas Container Holdings, the world’s second-biggest maker of shipping boxes, said prices will rise as much as 9 per cent by year-end as shippers struggle for containers amid rebounding global trade. The price of a standard 20-foot box has already risen
    Bloomberg  -  453 words
  • Article
    Lock icon TRANSPORT STOCKS
    278 26 SGX '000 Jul 19 S$ +/-Vol CH Offshore 0.54 -0.01 1483 Chuan Hup Hldg 0.26 unch 28 Cosco Corp 1.49 -0.01 5595 CWT Ltd 0.91 -0.02 562 Ezra Hldgs 1.86 -0.01 2551 First Ship Lea 0.42 unch 1195 Freight Links 0.05 unch 1012 Grand Banks 0.43 0.03 12
    278 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8838 27 Transaction date: Jul 19 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 8.5 3148 8Telecom 18.5 -0.5 1363 19 18.5 18 18.5 1.7 9.8 5.9 88.6 10 5.5 5834
      8,838 words
    • Article
      Lock icon SGX CATALIST
      1809 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 5.5 30.6 5.3 225 130 t APStrategic 185 140 180 109.8 4 0.5 1501
      1,809 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9407 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ APS Alpha Fund (USD)!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.6021/ Asian Credit Fund
      9,407 words
    • Article
      Lock icon SGX ETF
      771 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 $mil 124 107 6389 ABF SG Bond ETF 115 112.6 120 525 886 680 CIMBAsean40 100US$ US874 -10 20 874 874 871 877 35 306
      771 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 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 $mil 56 28 6000 AVJennings A39 -1 2 39 39 39 44 3.6 9 3.1 101.6 31 14.5 6017 Genting HK US$ US19 unch 5545
      78 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 29 In local curr In S$ In US$ dy yr dy yr dy yr Jul 16 Index Change Change Change Change Change Change World Index Preliminary 790.8 -1.7 -5.0 -1.7 -8.2 -1.6 -6.3 EAFE Preliminary 732.9 -1.5 -6.6 -1.2 -11.3 -1.2 -9.4 Europe Preliminary 1062.5 -1.6
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 29 Jul 19 $S Offer Bid Overnight 1/16 1/32 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.40 0.30 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
      177 words
    • Article
      Lock icon USS/SS FORWARD RATES
      22 29 Jul 19 S$ Bid Offer 1-month 1.3769 1.3781 2-months 1.3767 1.3780 3-months 1.3766 1.3779 6-months 1.3759 1.3772 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 29 Jul 19 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1840 1.2200 Can dollar 1.2990 1.3140 Euro 1.7700 1.7910 NZ dollar 0.9650 0.9860 Sterling pound 2.1000 2.1240 US dollar 1.3730 1.3890 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 29 Jul 19 Open High Sett STI Jul 2945 SIMSCI Jul 350.4 350.9 347.3 Taiwan Jul 270.8 272.4 270.2 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 29 Jul 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2486 2504 2504 2478 825 8316 Sep 10 2469 2474 2474 2448 3897 ***** Oct 10 2435 2454 2455 2429 7998 ***** Nov 10 2436 2449
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      386 29 Jul 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.4750 0 2774 Dec10 99.4300 0 1960 Mar11 99.3650 0 1094 Jun11 99.2400 0 2781 EUROYEN TIBOR FUTURES Sep10 99.6525 400 3324 Dec10 99.6750 75 1371 Mar11 99.6975 0 1959 Jun11 99.7025 10 1396 Sep11 99.6850
      386 words
    • Article
      Lock icon SICOM FUTURES
      132 29 Jul 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 322.9 321.4 321.5 111 Sep 10 311.0 Oct 10 301.0 Nov 10 298.0 10 Dec 10 297.0 30 Jan 11 297.0 20 Feb 11 297.5 20 Mar
      132 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 29 Jul 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 21.10.2010 0.31 0.32 0.27 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 104.45 5-Year N*****0N 1.375 01.10.2014 102.58 102.75 102.70
      88 words
    • Article
      Lock icon CHICAGO BOT
      105 29 Jul 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1019.50 1019.00 1027.00 1013.00 Sep 10 998.00 1001.00 1006.25 992.75 Nov 10 985.00 988.00 992.75 978.25 Jan 11 992.25 995.00 1000.00 986.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 38.31 38.59 38.69
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Jul 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.21 -0.12 WTI (Near Mth) 75.85 -0.66 Dubai (1-Mth F) 74.34 -0.32 Tapis blend 80.35 -0.40 Minas 77.10 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 67.11 -0.61 Jet Kerosene 85.92 -0.18 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2324 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 150 -17 52.86 46 6227 ASJ Hldgs W*****1 4 0.5 399 1 4 2.00 19 2036 Advance SCT Ltd W*****9 0.5 1 87 2817
      2,324 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 29 Jul 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.917 5.904 0.671 6.773 40.954 78.895 0.757 10.585 2.808 1.226 74.558 40.458 1.200 6.635 0.912 27.998 28.107 0.568 0.871 Canada 1.090 6.437
      465 words
    • Article
      Lock icon SIBOR
      85 29 Jul 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 Jul 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1992 1.2006 0.8709 0.8711 Canadian dollar 1.3073 1.3093 0.9494 0.9500 Euro 1.7860 1.7878 1.2970 1.2972 NZ dollar 0.9781 0.9796 0.7103 0.7108 Sterling pound 2.1127 2.1150 1.5343 1.5346
      154 words
    • Article
      Lock icon PRECIOUS METALS
      137 29 Jul 19 GOLD (US$/oz) Jul 16 Jul 19 Hong Kong 1205.90 1193.30 Jul 15 Jul 16 London 1212.55 1192.15 1213.55 1193.15 Source: Thomson Reuters CAST BAR Jul 19 (S$) Selling Buying Kilobar 56,890.83 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127.33 53 5gm 361.66 265 10gm 646.28
      137 words
    • Article
      Lock icon LONDON METALS
      69 29 Jul 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1959.50 1999.75 3 months 1978.00 2016.00 Copper, Grade A (US$/tonne) Cash 6468.75 6661.50 3 months 6485.00 6680.00 Lead (US$/tonne) Cash 1751.75 1779.50 3 months 1770.00 1798.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50
      69 words
    • Article
      Lock icon LIFFE
      82 29 Jul 16 COCOA (£/tonne) Close Prev High/Low Sep 10 2445 2419 2470/2424 Dec 10 2276 2253 2299/2248 Mar 11 2231 2207 2247/2214 May 11 2230 2206 2240/2215 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1741 1730 1730/1717 Sep 10 1764 1753 1769/1731 Nov 10 1773 1761 1779/1739 Jan 11
      82 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Vertical horizons
      895 30  -  In space-scarce S’pore, vertical greening offers a solution that is both aesthetic and functional. NICHOLAS YEO reports SINGAPORE GARDEN FESTIVAL NICHOLAS YEO Source: Centre for Urban Greenery and Ecology AS more high-rise buildings sprout around the island, there is an ever-increas-ing need to keep Singapore green it’s beneficial
      Source: Centre for Urban Greenery and Ecology; PHOTOS BY YEN MENG JIIN  -  895 words
    • Article, Illustration
      Lock icon Buyers snap up 92 flats at HK$40m each
      678 31 Sun Hung Kai may put up another 50 apartments for sale this week Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd, the world’s biggest developer by market value, will put another 50 luxury apartments up for sale in Hong Kong after buyers
      Bloomberg; AFP  -  678 words
    • Article
      Lock icon S Korea to unveil housing market steps on Thurs
      342 31 Reuters [SEOUL] South Korea said yesterday it will unveil measures aimed at boosting housing transactions on Thursday, sending shares of home builders higher. The Ministry of Land, Transport and Maritime Affairs confirmed measures aimed at “normalising housing transactions” would be discussed
      Reuters  -  342 words
    • Article
      Lock icon Beijing flat prices rise to 22 times income levels: report
      179 31 AFP [BEIJING] A typical Beijing flat costs about 22 times average incomes in the city, state media said yesterday, highlighting the challenge China faces providing affordable housing amid a property boom. A 90-square-metre apartment in Beijing cost 1.6 million yuan
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      Lock icon UK home price growth weakens in July
      181 31 Reuters [LONDON] Asking prices for British homes fell for the first time this year in July, lowering the annual rate of growth to 3.7 per cent from 5 per cent in June, property website Rightmove showed yesterday. Rightmove blamed the weakening on a
      Reuters  -  181 words
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