The Business Times, 22 July 2010
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2010-07-22
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The Business Times
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Title Section23 2010-07-22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, July 22,201023 words
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Article, Illustration824 2010-07-22 1 ANNA TEO - By ANNA TEO [SINGAPORE] Soon after the Lehman crisis broke out, Citigroup was the first, in October 2008, to predict a negative GDP number for Singapore in 2009. Then in May last year, when everyone else was still824 words
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Article, Illustration770 2010-07-22 1 AMIT ROY CHOUDHURY - Companies, developers looking to develop applications for device; thousands expected to snap it up Reports by AMIT ROY CHOUDHURY [SINGAPORE] There’s a new kid on the block, and being online will never be the same again. Apple’s iPad will finally770 words
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187 2010-07-22 1 [SINGAPORE] Unlike the iPhone, the three telcos here will not bundle the iPad with data plans. But all three have prepared specific data plans for the iPad. M1 will offer a pre-paid data card with a value of $20 and a free data187 words
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Article141 2010-07-22 1 ST INDEX 2,926.09 (-22.52) ST INDEX FUTURES 2,926 (-22) SIMSCI 345.39 (-3.33) SIMSCI FUTURES 346.30 (-2.20) FOREX US$ S$ US$ (S$ per US$) 1.372 (US$/S$ per 1.532 2.102 EURO (US$/S$/E) 1.288 1.768 Foreign currency per US$ S$ YEN 87.20 63.50 RM 3.213 2.341 HK$ 7.777 5.667 BAHT 32.29141 words
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Page 1 Advertisements
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Advertisement125 2010-07-22 1 HOCK LOCK SIEW How well do investors understand CFD risks? PAGE 6 OPINION Changing face of China’s investments PAGE 25 BizIT Body set up to boost digital advertising PAGE PROPERTY Firm linked to GIC investing in hotel fund PAGE 32 PATEK PHILIPPE GENEVE F Begin your own tradition. You never125 words
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TOP STORIES
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Article665 2010-07-22 2 iPad rides hype to change the face of the game THERE’S a new kid on the block, and being online will never be the same again. Apple’s iPad will finally be available in Singapore from tomorrow and has been hyped as a game changer. The iPad heralds the665 words
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Article, Illustration787 2010-07-22 2 NEIL BEHRMANN - Recovery since 2009 lows is a structural and cyclical bull market: JP Morgan By NEIL BEHRMANN GLOBAL fund managers are the most pessimistic since the depths of the bear market in the first quarter of 2009, but several major investment banks take the oppositeBLOOMBERG - 787 words
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372 2010-07-22 2 CNA [SINGAPORE] The Singapore Exchange (SGX) is considering whether to scrap the lunchtime break on its securities market to allow continuous trading in each session. Sources told Channel NewsAsia (CNA) that there is currently no timeline for the move, which needs the blessingCNA - 372 words
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469 2010-07-22 2 RONNIE LIM - It also launches in-house probe into why 18 traders quit in past month By RONNIE LIM [SINGAPORE] BP Singapore has started legal action against several former oil traders after the recent mass exodus of almost its entire fuel oil trading team here. Most of469 words
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275 2010-07-22 2 Reuters [CUPERTINO, California] Wall Street analysts lifted their price targets on shares of Apple Inc, encouraged by the technology giant’s strong quarterly results and unusually bullish revenue outlook. Apple shares rose 4 per cent before the bell yesterday, a day after theReuters - 275 words
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702 2010-07-22 4 ANNA TEO - He’s bold, thorough, he respects the data, isn’t dogmatic, and detects the nuances By ANNA TEO [SINGAPORE] Economic forecasting isn’t rocket science but dogged hard work, says Citi economist Kit Wei Zheng. “What we have are a good spreadsheet and our instincts702 words
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Article, Illustration401 2010-07-22 4 Reuters [NEW YORK] Morgan Stanley reported higher-than-expected second-quarter profit as its expanded stable of traders helped it win new business. The New York bank reported an unexpectedly large jump in adjusted earnings, sending its shares up 8 per cent in early trading. Morgan Stanley deliveredReuters; AP - 401 words
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Article, Illustration433 2010-07-22 4 WINSTON CHAI - Measures taken to minimise risk of a similar breakdown By WINSTON CHAI [SINGAPORE] Singapore Telecommunications unit SingNet has been slapped with a $50,000 fine from the country’s media regulator for its mio TV outage in March. The Media Development Authority of Singapore (MDA) saidSTOMP - 433 words
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Article, Illustration630 2010-07-22 4 AP [WASHINGTON] US President Barack Obama aims to usher in a new era of consumer protections and banking restrictions after checking off another legislative victory yesterday just before US election-year politics overtakes the rest of his major agenda. The president yesterdayAP - 630 words
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Page 2 Advertisements
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Advertisement331 2010-07-22 2 °r\ enalliance www.mavenalliance.biz Maver Alliance is proud to present the following workshops by Mr. Tan Sin Liang Compliance Lawyer Banking within a Casino-Related Environment 20 August 2010 Money laundering risks in a casino-related environment are well known. With the opening of both integrated resorts in Singapore, a bank now needs331 words
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Page 3 Advertisements
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Advertisement148 2010-07-22 3 FOUR VISIONARIES. ONE INSPIRATION. m m m 4 i k Ben van Berkel UNStudio, Amsterdam n t r rm m j j? i 't i Takashi Sugimoto Super Potato, Tokyo Created by the world's most accomplished architects and designers, the Inessence Residences represent a culmination of decades of experience and148 words
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Page 4 Advertisements
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Advertisement211 2010-07-22 4 FC. CFO. COO. CEO. Nice initials start with an SMU MPA There’s never been a better time to pursue a career in the accounting profession. Market demand is especially strong today and career opportunities for accountancy graduates are many and varied. Update and expand your professional expertise or even switch211 words
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Page 5 Advertisements
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Advertisement206 2010-07-22 5 INVITATION TO A PRIVATE CIRCLE OF THIRTY. Wheelock Properties' commitment to luxury homes is embodied in our recently completed Ardmore II. These impeccable standards are now mirrored at our latest development Orchard View. The quintessence of privacy and exclusivity take priority at these 30 residences. With each apartment occupying an206 words
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COMPANY NEWS
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833 2010-07-22 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY ANECDOTAL evidence suggests that the market for contracts for differences (CFDs) has grown strongly over the past few years and shows no signs of slowing down. No one knows just how big the local market is, since833 words
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459 2010-07-22 6 JOYCE HOOI - Its sterling results and Sino expansion get thumbs up from at least 3 analysts By JOYCE HOOI NOW that the good times are back for OSIM International, so are the analysts. Post-Brookstone debacle, at least three research houses have initiated coverage of OSIM, in anticipation459 words
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320 2010-07-22 6 CHEW XIANG - By CHEW XIANG PALM oil giant Wilmar International is buying 91.38 per cent of Natural Oleochemicals, a unit of Malaysia’s Kulim group, for RM450 million (S$192.3 million) in cash. The acquisition of the Jo-hor-based oleochemical producer is expected to be completed within three months. Wilmar320 words
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Article267 2010-07-22 6 Pictet-Absl Rtn Glo Cons-P EUR 16.07.2010 EUR 97,95 Pictet-Absl Rtn Glo Div-P EUR 16.07.2010 EUR 107,81 Pictet-Asian Equities Ex Japan-P USD 16.07.2010 USD 156,64 Pictet-Asian Local Currency Debt-P USD 16.07.2010 USD 131,14 Pictet-Biotech-P USD 16.07.2010 USD 250,17 Pictet-CHF Liquidity-P 16.07.2010 CHF 124,12 Pictet-Clean Energy-P USD 16.07.2010 USD 75,25267 words
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431 2010-07-22 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI MALAYSIAN sovereign wealth fund Khazanah Nasional has met one of the two conditions required for its $1.18 billion partial offer for Singapore health group Parkway Holdings to go through based on votes received and reported so far. But voting has431 words
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COMPANY BRIEFS
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59 2010-07-22 6 CHINA Fibretech expects to report “significantly lower revenue and net profit before tax” for the second quarter and first half of FY 2010, compared with a year back. The forecast weaker results are attributable to a drop in demand for its fabric processing services. However,59 words
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Article86 2010-07-22 6 HLN Technologies says it expects to announce a profit result for first-half 2010, after it suffered a net loss of $2.36 million in H1 last year. The improvement is due to the recovery in the global economy, resulting in a significant increase in demand86 words
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Article88 2010-07-22 6 RENEWABLE Energy Asia Group formerly Superior Fastening Technology says its subsidiary in China has signed a memorandum of understanding (MOU) to acquire a unit of Jiangsu Maritime Engineering Services Co. The MOU allows Renewable Energy to conduct due diligence to assess the feasibility of investing in88 words
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Article86 2010-07-22 6 NEPTUNE Orient Lines (NOL) has ordered 10 new 8,400-TEU (twenty foot-equivalent unit) container ships to be delivered in 2013 and 2014. It has also signed a letter of intent for two 10,700-TEU vessels. The total consideration is about US$1.2 billion. The ships will be built86 words
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Article, Illustration666 2010-07-22 7 KALPANA RASHIWALA - Money from StarHub Centre sale to be kept for acquisitions or to repay debt By KALPANA RASHIWALA CAPITACOMMERCIAL Trust (CCT) unitholders will not receive any special payout as a result of the trust’s recently announced $380 million sale of StarHub Centre. Instead, CCT will666 words
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269 2010-07-22 7 MELISSA TAN - By MELISSA TAN MAINBOARD-LISTED Midas Holdings said yesterday its Jilin Midas Aluminium Industries unit has won two contracts worth a combined 130 million yuan (S$26.4 million) to supply aluminium alloy extrusion profiles for 480 railway cars. Midas is a China-based manufacturer of aluminium269 words
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Article326 2010-07-22 7 WINSTON CHAI - By WINSTON CHAI A REBOUND in associate contributions helped lift Keppel Telecommunication Transportation (KTT)’s second-quarter net profit 37.9 per cent to $13.8 million. The profit attributable to shareholders, after exceptional items, for the three months ended June 30 translated to earnings per share of 2.5326 words
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Article362 2010-07-22 7 LYNETTE KHOO - By LYNETTE KHOO PACIFIC Shipping Trust (PST) has pared its distribution per unit (DPU) by 20 per cent from a year ago to 0.793 US cents for the second quarter ended March 31 as it retained more cash to acquire new vessels. Income available for362 words
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328 2010-07-22 9 JOYCE HOOI - The offering consists of 4.5m public offer shares and 75.5m placement shares By JOYCE HOOI OIL and gas player Kreuz Holdings launched an initial public offer (IPO) of 80 million new shares on Catalist yesterday. The IPO, which represents 15.8 per cent328 words
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317 2010-07-22 9 KEPPEL Corp has won two contracts totalling $170 million from repeat customers in the Brazilian market. The deals were secured by its rig-building arm Keppel Offshore Marine Ltd (Keppel O&M) through its units Keppel Shipyard and Keppel FELS Brasil. They are for the respective317 words
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417 2010-07-22 9 KAREN NG - By KAREN NG THE recovery in the prime office sector of Singapore is faster than expected, say Credit Suisse analysts. In a July 20 research report on the Singapore property sector, they said that stocks that are “prime office plays” have417 words
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Article309 2010-07-22 9 WINSTON CHAI - By WINSTON CHAI SINGAPORE Telecom has fired the latest salvo in the battle for cellular song downloads, through a new tie-up with Sony Music. The deal with the record giant will add more than 150,000 tracks to SingTel’s Amped music store, including albums from309 words
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Page 6 Advertisements
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Advertisement173 2010-07-22 6 Looking for a Payroll Partner who... S*!S \\y Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY,173 words
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Page 6 Miscellaneous
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Miscellaneous44 2010-07-22 6 ptW® 9.3 >1 G<° uv wed 10 7^ s 0«^ e ot°_.oN Tomorrow Sales close: 9.00 pm Draw: 9.30 pm $10 Pack available at all outlets. More details at www.singaporepools.com.sg p y© Always play with care. Do not bet illegally. RCB Reg No: *****0202G44 words
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Page 7 Advertisements
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Advertisement68 2010-07-22 7 *****38 ARMENIAN® A. I it I I ffice my home Conserved shophouses with 6-storey new extension in historic location •UU II 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,68 words
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Advertisement166 2010-07-22 7 GIFTS PREMIUMS FAIR 11 lh Singapore Gifts Premiums Fair Singapore International Trade Exhibition for Promotional, Corporate, Incentive and Retail Gifts www.SGPFair.com I N K 10 lh StationeryaOfficeLink 01 O Singapore International Trade Exhibition for Office Products and Stationery www.SOLFair.com 28-30 July 2010 (Wed Fri) 10.30am 6.30pm Suntec Singapore, Hall 601166 words
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SINGAPORE MARKETS
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Article, Illustration573 2010-07-22 8 VEN SREENIVASAN - ST Index hits an intra-day high of 2,958 before sliding to a 22.5-point loss at 2,926 STOCKS VEN SREENIVASAN Senior Correspondent IF ever there was a time the market was caught between hope and fear, it must be now. While players are taking heart fromBloomberg - 573 words
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Article66 2010-07-22 8 Jul 21 VALUE CLOSE BT OB/OS 488.00 +33.00 BT CADI -*****.00 -68.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 721.62 -1.52 FTSE ST Small Cap 539.84 -1.25 FTSE ST All Share 723.29 -4.69 FTSE ST China Top 265.48 +0.25 FTSE ST China 292.60 -0.40 FTSE66 words
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Article61 2010-07-22 8 VOLUME Genting SP 110,426,000 Bund Center Inv 87,603,000 CapitaLand 43,667,000 Noble Grp 39,732,000 Golden Agri 32,672,000 Ying Li 29,794,000 FalconEne 22,820,000 RafflesEdu 19,696,000 ISDN Hldgs 18,136,000 *Genting HK US$ 17,599,000 VALUE($) CapitaLand 167,743,810 Genting SP 133,111,231 Wilmar 73,518,410 DBS Grp 72,212,960 Noble Grp 68,242,250 SIA 65,382,540 UOB61 words
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Article186 2010-07-22 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 4 0 0 0 2 9 4 Manufacturing 54 58 67 5 6 11 59 64 78 Commerce 17 22 23 3 4 4 20 26 27 Tpt/Stor/Comms 11 25 9186 words
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BROKERS’ TAKE
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Article, Illustration320 2010-07-22 8 July 21 close: S$4.18 KIM ENG RESEARCH, July 21 KEPPEL Land reported profit after tax and minority interests (Patmi) of S$134.7 million for H1 2010. While this makes up 40 per cent of our full-year estimate, it is largely in line with expectations as we anticipate even strongerSource: Bloomberg - 320 words
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Article595 2010-07-22 8 JOYCE HOOI - July 21 close: S$0.695 CIMB RESEARCH, July 21 Compiled by JOYCE HOOI EZION has announced the development of a second marine supply base on Melville Island, off northern Australia, scheduled for completion in 12 months. Ezion has signed a memorandum of agreement for the lease of 36 hectares595 words
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Article122 2010-07-22 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 27,223 27,223 70,938 70,938 Manufacturing 248,629 34,463 283,092 258,447 6,216 264,663 Commerce 120,051 8,059 128,110 125,633 1,388 127,021 Tpt/Stor/Comms 81,993 71 82,064 198,619 10 198,629 Finance 20,521 45 20,566 208,123 5 208,129 Construction 44,303 6,277122 words
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Article111 2010-07-22 8 Stock name Close Change CapMallsAsia 2.020 -0.020 CapitaLand 3.830 CapitaMall 1.980 -0.030 CityDev 11.800 ComfortDelGro 1.540 -0.010 DBS Grp 14.340 -0.180 F&N 5.570 -0.010 Genting SP 1.190 -0.010 Golden Agri 0.565 -0.015 HK Land 5.170 -0.020 JMH 40.200 +0.160 JSH 23.500 +0.100 Jardine C&C 34.320 +0.320111 words
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Article, Illustration493 2010-07-22 8 CURRENCIES Reuters [NEW YORK] The euro fell against the dollar yesterday after tepid demand at a Portuguese debt sale underscored fears about Europe’s banks days before the European Union was due to reveal which ones need to raise more capital. The dollar softenedReuters; AFP - 493 words
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Article111 2010-07-22 8 BY CENTS CLOSE UP GLD 10US$ ***** 72.7 0.5 STXPO 100 1346 36.0 2.7 Jardine C&C 3432 32.0 0.9 Lyxor China H 10US$ 1508 30.2 1.5 DBXT CSI300 10US$ 926 22.0 1.8 JMH 4020 22.0 0.4 DBXT MSMSIA 10US$ 1052 15.1 1.1 JSH 2350 13.7 0.4 CityDev.ES.1007 1192 12.0111 words
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Article117 2010-07-22 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5362-122.1 -1.6 DBXT E50 10US$ 3692-101.5 -2.0 DBXT FTVietnam 10US$ 4179 -30.2 -0.5 SIA 1474 -24.0 -1.6 UOB 1926 -24.0 -1.2 DairyFarm 721 -20.6 -2.0 Lyxor Europe 10 US$ 1140 -20.6 -1.3 DBS Grp 1434 -18.0 -1.2 UOB.ES.1007 1928 -18.0 -0.9117 words
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Article87 2010-07-22 8 Where S$ stands Jul 21 CHNG YR 2010 CLOSE FR Jul 20 S$ LOW S$ HIGH US$ 1.3742 0.00 1.4219 1.3680 Euro 1.7671 0.70 2.0153 1.6886 Pounds 2.0995 -0.41 2.2831 2.0003 A$ 1.2166 -0.84 1.2960 1.1515 Yen* 1.5788 0.23 1.5951 1.4467 Rupiah* 0.***** 0.21 0.***** 0.***** Baht* 4.2558 0.0687 words
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Page 9 Advertisements
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Advertisement422 2010-07-22 9 m, v.'' > navita f/?e Lifestyle Makers 4--v tr-\ i L. 1 Stop m"iw e onVO^ cX I* 5 f\ 0«S *> ~V> •> -> a a* s s -')»c: CD Qj Co Qj _0> So <& SS \<> to P musty odovtf "'"Wtlmamlonl 0 C?> Stop growth 0 elements422 words
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SINGAPORE NEWS
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420 2010-07-22 10 CHEN HUIFEN - Singapore index rises to 136 in Q2 2010, from 117 in Q4 last year By CHEN HUIFEN SINGAPORE small- and medium-sized enterprises (SMEs) recorded the biggest jump in confidence level among their Asian peers in the second quarter this year, posting a 19-point increase in420 words
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557 2010-07-22 10 CHEN HUIFEN - By CHEN HUIFEN PEOPLE are the most critical factor in ensuring the sustainability of a business, says Tat Hong Holdings group CEO and managing director Roland Ng. And by that, he means more than just the people he attracts and557 words
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Article264 2010-07-22 10 HSBC has appointed a new Singapore chief executive to succeed Guy Harvey-Samuel, who is moving to Hong Kong to help oversee the bank’s Asia-Pacific operations. Alex Hungate, now HSBC’s global head of personal financial services and marketing, based in London, will take over from Mr264 words
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Article, Illustration399 2010-07-22 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI THE National University of Singapore (NUS) is launching an NUS Initiative to Improve Health in Asia (NIHA), aimed at enhancing public health policy and healthcare delivery across the region. With $17 million in funding over 10 years fromFILE PHOTO - 399 words
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209 2010-07-22 10 A SCHEME to accredit cleaning service providers is on its way. This was announced at Cleaners’ Day yesterday as part of efforts to revamp the sector. The government and the labour movement are trying to raise the productivity of low-wage workers and improve public hygiene209 words
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207 2010-07-22 10 CERTIFICATE of Entitlement (COE) premiums ended mostly higher at the close of yesterday’s tender, the second for this month. In the non-transferable categories, the steepest rise was in small cars (1,600 cc and below) and taxis. Category A COEs jumped 22.6 per cent207 words
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SINGAPORE ROUNDUP
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69 2010-07-22 10 SEVEN hundred vehicles with YOG livery in red or purple will transport athletes and officials to and from Games destinations. And the second left-most lanes of some roads will be used by these vehicles. The PIE and CTE, and smaller roads like Bishan Road are69 words
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41 2010-07-22 10 STARBUCKS Coffee Singapore said yesterday its Liat Towers store, which is being renovated, is scheduled to re-open in late August. Starbucks was one of the retailers affected by flooding at Liat Towers on June 16.41 words
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233 2010-07-22 10 ALL 3,500 free tickets for the first dawn flight on the Singapore Flyer as part of the First Light festival have been snapped up. First Light a new arts and culture festival organised by The Arts House in partnership with Singapore Flyer to celebrate community233 words
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200 2010-07-22 10 THE Ministry of Manpower (MOM) is seeking public feedback on proposed changes to the employment agency regulatory framework. These include stiffer penalties against unlicensed agencies; stricter certification of key personnel in these agencies; and a new licence with fewer conditions for executive search200 words
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Page 10 Advertisements
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Advertisement333 2010-07-22 10 MATsS NOTICES LIONCIT REFRIGERATION ARTSPTE (Incorporated he epublic Singapor (Compan egis ationNo *****6D) LLOOSSTT SHARESCERTIFIC ES Theundermentionedshar cer cateshav been eportedlos des ed mislaid:NNaame Shareholder Los Shar Cer catesNo. NNumber Ordinar Shar Ng amWhatt 22 11 Ng amWhatt 44 2249,999 Ng amWhatt 99 6,000 NNOOTICE HEREB GIVEN tthat ne shar333 words
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Advertisement19 2010-07-22 10 www.asiadebtsxchange.com MANAGES DISPUTES IN TIH Contact +65 6505 9555 or Email: contact@asiadebtsxchange.com for more details! AL ASIA DEBTS XCHANGE19 words
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SINGAPORE INTERNATIONAL
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Article722 2010-07-22 11 CHUANG PECK MING - S’pore’s brand name is well recognised, being its 7th biggest foreign investor, reports CHUANG PECK MING CHUANG PECK MING CHINA is a big market. Too big for small players from Singapore to score big there. The odds are against them. So a better bet for Singapore722 words
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Article, Illustration439 2010-07-22 11 CHUANG PECK MING - Reports by CHUANG PECK MING ONE of RSP Architects Planners Engineers’ projects in China’s Shandong province is to turn the city of Yantai into “a world-class tourist destination”. “The master plan will focus on high-end tourism with destination hotels and luxury spa resorts439 words
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448 2010-07-22 11 IT first ventured into Shandong, China in 2003. Now, together with its local partner, Singapore-based EnGro supplies not just the province’s capital Jinan but also four neighbouring cities with materials used to make concrete. The company formerly known as Ssangyong Cement in July448 words
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386 2010-07-22 11 Name: Kim Faulkner Designation: CEO Company Name: Activiste Pte Ltd Q: What are some pointers for product branding in Shandong? A: Shandong is the home of global brands such as Haier and Qingdao beer, and the people there are immensely proud of these brands.386 words
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201 2010-07-22 11 TAP on the China-Singapore FTA (CSFTA) to enjoy tariff savings when exporting your products to China. The CSFTA builds on the existing commitments of the Asean-China FTA but tariffs are reduced at a faster rate. From Jan 1, 2010, more than 7,400201 words
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Page 11 Advertisements
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Advertisement144 2010-07-22 11 IE Awareness Seminar Grow Your Overseas Business with Us Need help looking for business opportunities overseas? International Enterprise Singapore has a range of programmes and schemes to help companies improve their business capabilities, increase market access and promote exports. Join us at the IE Awareness Seminar: Grow Your Overseas Business144 words
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Advertisement15 2010-07-22 11 Singapore International a fortnightly series brought to you by IE Singapore and The Business Times15 words
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ECONOMY WATCH
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771 2010-07-22 12 They include ‘sovereign shock’ which will detail estimated losses in case of debt crisis in a state Bloomberg AP [BRUSSELS] European regulators plan to detail three scenarios when they publish the results of their stress tests on the region’s banks thisBloomberg; AP - 771 words
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581 2010-07-22 12 AP [BERLIN] Germany, Europe’s economic engine, is back in gear after a painful recession, as foreign customers snap up cars and industrial machinery and the country reaps the benefits of stimulus spending that helped keep the motor running at home during the downturn.AP - 581 words
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Article, Illustration424 2010-07-22 12 ANTHONY ROWLEY - By ANTHONY ROWLEY JAPAN’S economic growth could suffer a “lull” if a recent slowdown in overseas demand continues, the government suggested yesterday in the first public acknowledgement that the country’s export-led recovery could be vulnerable. A continued slowdown in exports wouldREUTERS - 424 words
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Article, Illustration479 2010-07-22 12 Bloomberg [OTTAWA] Bank of Canada governor Mark Carney increased interest rates for a second month on Tuesday and gave himself room to delay further moves by cutting his growth forecast and raising new doubts about the global recovery. Mr Carney, 45, increasedBloomberg - 479 words
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489 2010-07-22 12 Reuters [WASHINGTON] Banks worldwide need to strengthen their balance sheets to stabilise the financial system, senior US regulators said on Tuesday. With global bank standard-setters hammering away at new capital rules, Federal Reserve governor Daniel Tarullo told a Senate panel thatReuters - 489 words
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MALAYSIA/INDONESIA
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479 2010-07-22 13 PAULINE NG - Study finds flexible taxation contains cost, boosting 3G handset ownership By PAULINE NG MALAYSIA has boosted the adoption of mobile broadband by applying flexible levels of taxation that have contained costs and led to high ownership of 3G handsets, a study has found. Malaysia’s 3G479 words
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305 2010-07-22 13 Bloomberg [KUALA LUMPUR] Malaysia’s inflation rate climbed in June to the highest level in more than a year, an increase that may be augmented as the government cuts fuel and food subsidies. Consumer prices climbed 1.7 per cent from a year earlier afterBloomberg - 305 words
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Article, Illustration390 2010-07-22 13 Bloomberg [KUALA LUMPUR] Khazanah Nasional, Malaysia’s sovereign wealth fund, sold a RM581.3 million (S$248 million) stake in state-controlled Telekom Malaysia Bhd as part of the government’s plans to reduce its local business holdings. Khazanah sold 178.9 million shares, or 5 per cent,Bloomberg; BLOOMBERG - 390 words
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209 2010-07-22 13 Reuters [SEOUL] Korea Electric Power Corp (Kepco) plans to invest 618 billion won (S$693 million) to buy a 20 per cent stake in Indonesia’s Bayan Resources to secure more coal supplies. The investment is part of South Korea’s effort to try and secureReuters - 209 words
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Article, Illustration882 2010-07-22 13 The luxurious look and feel of the 19-floor Premier Wing represent an expansion of the hotel’s direction BT ADVERTORIAL STEPPING into the Carlton Hotel Singapore today is like entering a different building altogether. The mellow, wood and earth- toned surroundings of the Main Tower give way882 words
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GREATER CHINA
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340 2010-07-22 14 Regulator considers revising rule to make smaller firms’ HK listing easier Bloomberg [BEIJING] Chinese companies raised the most this decade in first-half initial public offerings (IPOs) as Huatai Securities Co and more than 170 other firms tapped the country’s financial markets. CompaniesBloomberg - 340 words
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Article, Illustration744 2010-07-22 14 AFP [HONG KONG] Hong Kong’s billionaire tycoons enjoy a status close to royalty in Asia’s wealth-obsessed financial hub. The city’s richest man Li Ka-shing has the fame of a movie star, while the court case involving the will of eccentric pig-tailed billionaire NinaAFP; REUTERS - 744 words
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306 2010-07-22 14 AFP [BEIJING] China yesterday expressed concern over plans by the United States and South Korea to conduct a major naval exercise from July 25, saying that it could raise tensions in the region. “We express concern over the relevant activities,” foreign ministry spokesmanAFP - 306 words
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725 2010-07-22 14 AFP [BEIJING] China’s growing importance to companies’ bottom lines has led foreign firms to complain more openly about what they say are unfair business policies and market restrictions, experts say. While many top executives express their frustrations anonymously through their chambers of commerce,AFP - 725 words
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Page 14 Advertisements
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Advertisement588 2010-07-22 14 T&T eppel Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2010 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the second quarter and588 words
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INDIA
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Article, Illustration820 2010-07-22 15 Luxury spending in the country last year is less than a tenth of that in China Bloomberg [MUMBAI] Vikram Baidyanath prefers to travel more than 4,000 miles to London to get suits from his favourite brand, Ermenegildo Zegna, than to drive halfBloomberg; BLOOMBERG - 820 words
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476 2010-07-22 15 Firm in talks with Linc for Australian coking coal assets Bloomberg [MUMBAI] Adani Enterprises, controlled by billionaire Gautam Adani, raised US$850 million in the largest share sale to institutional investors by an Indian company this year, according to two people with knowledgeBloomberg - 476 words
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Page 15 Advertisements
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Advertisement596 2010-07-22 15 OFFERCLOSES AT 12 NOON ON JULY 27, 2010 IPO OPENS TODAY! KREUZ HOLDINGS LIMITED (Company Registration No.:*****3628R) (Incorporated in the Republic of Singapore on 18 December 2009) Subsea Solutions Provider for the Oil and Gas Industry Our Group~s origin can be traced to July 2008 with the formation of Kreuz596 words
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SERVICE INNOVATION
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Article, Illustration3712 2010-07-22 16 Felda Chay - Felda Chay Chay, Reporter, The Business Times OVERVIEW AT first glance, the term “service innovation” may appear easy to understand and hence apply. At its most basic, the term appears to refer to improving or creating new ways to provide better service to customers. Yet,3,712 words
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Article, Illustration888 2010-07-22 17 TEH SHI NING - Service innovation can be a differentiator in the face of competition, creating superior value, new revenue streams, reports TEH SHI NING TEH SHI NING A GROWING number of people, both within business schools and the wider business circle, now believe service innovation to be a888 words
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Article, Illustration1177 2010-07-22 17 TEH SHI NING - By TEH SHI NING THESE are exciting times in which to be doing research on the services sector and service innovation in particular, says Katherine Lemon of Boston College’s Carroll School of Management. Innovating on services, whether they be offered as a product or part ofAP - 1,177 words
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ASIA-PACIFIC/WORLD
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558 2010-07-22 18 The first round of bids for the Carrefour assets is due in early Sept Reuters [BANGKOK] Leading Thai conglomerate Berli Jucker said it was keen to bid for the South-east Asian operations that French retailer Carrefour has put up for sale atReuters - 558 words
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Article, Illustration400 2010-07-22 18 Bloomberg Reuters [TOKYO] Mitsubishi UFJ Financial Group (MUFG), Japan’s biggest bank by assets, said it is looking for a new acquisition target in the United States as part of a broader push into overseas markets. The bank said it may spend more thanBloomberg; Reuters; AFP - 400 words
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438 2010-07-22 18 Bloomberg [BANGKOK] Thailand’s exports rose the most in more than 18 years to surpass the record value set before the global financial crisis, adding to evidence of the economy’s resilience to Europe’s debt woes and domestic political unrest. Shipments jumped 46.3 per cent in JuneBloomberg - 438 words
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344 2010-07-22 18 Reckitt will pay 1,171 p per SSL International share Reuters [LONDON] Consumer goods group Reckitt Benckiser agreed to buy Durex condoms and Scholl sandals maker SSL for £2.54 billion (S$5.3 billion) to increase its presence in health and personal care.Reuters - 344 words
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297 2010-07-22 18 AP [SEOUL] The Obama administration moved yesterday to push new sanctions against North Korea over its nuclear weapons programme, as Secretary of State Hillary Rodham Clinton and Defense Secretary Robert Gates showed solidarity with South Korea during a visit to the area thatAP - 297 words
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Page 18 Advertisements
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Advertisement854 2010-07-22 18 il 1I l7£T3tt I •llllSVSiSBSi* IllMSMgSmillHlUlMIKll (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific Shipping854 words
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WORLD
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Article, Illustration634 2010-07-22 19 Upturn in light commercial vehicle arm offsets drop in passenger car sales AP [MILAN] The Italian automaker Fiat, which controls Chrysler, yesterday reported a return to sec-ond-quarter profits on improved sales of agriculture equipment and trucks, and said it may raise itsAP; AFP - 634 words
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665 2010-07-22 19 Reuters AFP [HOUSTON] BP plc on Tuesday reached a deal to sell US$7 billion in assets to Apache Corp as the British oil company raises money to cover costs related to the oil spill in the Gulf of Mexico. Earlier in theReuters; AFP - 665 words
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1065 2010-07-22 20 Relationship managers’ remuneration going back up to boom 2006-07 levels for limited, savvy advisers Bloomberg [ZURICH] Swiss banks face the highest wage demands in three years from bankers skilled at winning wealthy clients in Asia, where the number of millionaires rose 26 perBloomberg - 1,065 words
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Article, Illustration307 2010-07-22 20 Reuters [FARNBOROUGH, England] A British team aiming to smash the current land speed record has unveiled the design of a pen-cil-shaped car that it hopes will travel at more than 1,000 miles (1,609 km) an hour. After three years of aerodynamic research, construction isReuters; BLOOMBERG - 307 words
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663 2010-07-22 20 They agree on 11 initiatives at two-day Washington talks AFP [WASHINGTON] Nations pledged on Tuesday to work together to improve the efficiency of energy guzzlers from televisions to cars, showing practical cooperation on climate change despite a deadlock on sealing a treaty.AFP - 663 words
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Article, Illustration573 2010-07-22 20 Reuters [LOS ANGELES] Billionaire Carl Icahn launched a lower hostile bid on Tuesday for Lions Gate Entertainment Corp, ending a 10-day truce with the studio, which then announced a debt-to-equity swap that cut his stake. Mr Icahn offered US$6.50 eachReuters - 573 words
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Page 19 Advertisements
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Advertisement215 2010-07-22 19 -M* /r^T\A *****9 ra a mm m m MttrlWV^mVTS m :s i LET YOUR MUSICAL TALENT SHINE FOR A GOOD CAUSE I VA, I 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 19215 words
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Page 20 Advertisements
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Advertisement32 2010-07-22 20 SINGAPORE FEVER Why are firms in India catching it? Over 4,000 have set up base here SIGN OF THE INDIAN RUPEE GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)32 words
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Advertisement10 2010-07-22 20 Si 3 J. > I V H FIRST VrtU^ ettrtS www.radio9l3.com10 words
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AVIATION
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Article, Illustration389 2010-07-22 21 Commercial plane orders have shown a rebound in global demand AP Bloomberg [FARNBOROUGH, England] Aircraft orders at the Farnborough International Airshow this week have reached US$25 billion, indicating a rapid recovery in the sector, and more were expected yesterday. Excitement about the strong start forAP; Bloomberg; BLOOMBERG - 389 words
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640 2010-07-22 21 Bloomberg [SEOUL] Korean Air intends to get 50 per cent of passenger revenue from premium classes by 2019 as it adds new planes and challenges Singapore Airlines and Cathay Pacific Airways for business travellers. “We’re aiming to become a real luxuryBloomberg - 640 words
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581 2010-07-22 21 AFP [SYDNEY] A pioneering Australian inventor whose “black box” flight data recorder revolutionised the safety of air travel and aided countless crash investigations has died aged 85, officials said yesterday. David Warren, whose own father died in a planeAFP - 581 words
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311 2010-07-22 21 Taiwan’s top two carriers saw their shares fall this week Reuters [TAIPEI] China and Taiwan face a widening dispute over scheduling of direct flights, an important factor behind US$100 billion in two-way trade, raising tension between old foes just weeks after theyReuters - 311 words
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Article3067 2010-07-22 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL8363,067 words
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Page 21 Miscellaneous
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Miscellaneous330 2010-07-22 21 CRYPTIC CROSSWORD Across 1 I am poet, so am wandering in land ’twixt rivers (11) 7 Something hairy? It sounds a bit intellectual for ’Arry (7) 8 Religious writing’s important richness not wholly apparent (7) 10 Manipulate a wet lot with one finally (3,5) 11 One cuttting fruit by river330 words
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Page 22 Advertisements
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Advertisement34 2010-07-22 22 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES inc UUJIIMC3J IIIVICJ SHIPPING TIMES34 words
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SHIPPING
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4086 2010-07-22 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.4,086 words
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295 2010-07-22 23 Bloomberg [MONTREAL] A lockout of workers at the Port of Montreal may trigger layoffs at exporters such as AbitibiBowater Inc and delay an investment project at Cascades Inc if an agreement isn’t reached within days. AbitibiBowater, North America’s largest newsprint maker, ships a “significant”Bloomberg - 295 words
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794 2010-07-22 23 Western insurance firms withdrawing coverage, vessels lose entry to ports LAT-WP [TEHERAN] Just weeks after the United States and the United Nations imposed new rounds of sanctions on Iran, Teheran’s ability to ship vital goods has been significantly curtailed as some of the world’s mostLAT-WP - 794 words
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194 2010-07-22 23 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co received a US$975 million order for 10 container vessels, its first box-ship contract in two years, as the global economic rebound revives world trade. The vessels, each able to carry as many as 8,400 20-foot boxes, will beBloomberg - 194 words
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Article, Illustration505 2010-07-22 23 Bloomberg [HONG KONG] Most of northeast China’s Dalian port resumed operations on Tuesday after a pipeline explosion caused an oil spill that spread across more than 183 square kilometres of sea. Dalian Port (PDA) Co said all its terminals in the Xingang and DayaowanBloomberg; AFP - 505 words
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Article278 2010-07-22 23 SGX '000 Jul 21 S$ +/-Vol CH Offshore 0.54 unch 283 Chuan Hup Hldg 0.27 unch 50 Cosco Corp 1.51 unch 9331 CWT Ltd 0.91 unch 358 Ezra Hldgs 1.89 -0.01 7197 First Ship Lea 0.42 -0.01 826 Freight Links 0.05 -0.01 902 Grand Banks 0.45 0.02 9278 words
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Page 23 Advertisements
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Advertisement29 2010-07-22 23 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2010-07-22 23 Experienced &h;p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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EDITORIAL & OPINION
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521 2010-07-22 24 EDITORIAL THE unusual urgency with which a housing bill was expedited through Parliament this week was well warranted and welcome even (or perhaps especially) if it sounds the death knell for a small but insidious industry. In going for the roof over the borrower’s head, Singapore’s521 words
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Article, Illustration784 2010-07-22 24 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent KOREANS have their own brand of positivism, which means that they rarely do things by halves and also that they sometimes get carried away by their own enthusiasm. This can be a good thing when the enthusiasm784 words
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Article, Illustration966 2010-07-22 24 NICOLAS VERON - Test results must allow foreign observers to understand banks’ exposures to risk factors i8S REUTERS BREAKINGVIEWS By NICOLAS NICOLAS VERON The writer is a senior fellow at Bruegel in Brussels, and a visiting fellow at the Peterson Institute for International Economics in Washington. This articleAFP - 966 words
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Article, Illustration1844 2010-07-22 25 KEN MILLER - Despite various barriers to Chinese investments abroad, its go-out policy is slowly gathering pace and scope By KEN MILLER The writer is CEO and president of the merchant banking firm Ken Miller Capital LLC, director of the USA Pavilion at the 2010 Shanghai World Expo,AP - 1,844 words
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516 2010-07-22 25 KEN MILLER - By KEN MILLER PURE aid from China takes the form of medical and technical assistance, scholarships, investments in Chinese-lan-guage programmes, or funds for turnkey plants. Unlike the US government, the Chinese government gives aid without any conditions relating to human rights or democracy promotion. Rather,516 words
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SINGAPORE STOCKS
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Article8961 2010-07-22 26 Transaction date: Jul 21 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 19 +0.5 948 19 18.5 18.5 19 1.7 9.5 6.1 91 10 6 58348,961 words
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Article1675 2010-07-22 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 5 5.5 27.8 4.8 225 130 6222 t APStrategic 185 131 180 109.8 4 0.51,675 words
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Article9405 2010-07-22 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.14/ 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 0.64/ Aberdeen Asset Mgt Asia Limited American Opp 0.5894/ Asian Credit Fund9,405 words
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Article746 2010-07-22 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 110 -5 65 113 110 108 118 502.1 886 690 CIMBAsean40 100US$ US877 877 881 35.1 306746 words
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Article254 2010-07-22 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 28 6000 AVJennings A42 41 3.6 8.3 3.4 109.4 31 15.5 6017 Genting HK US$ US21.5 +1.5 ***** 21.5 20 21 21.5 1415.7254 words
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FINANCE & COMMODITIES
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374 2010-07-22 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 20 Index Change Change Change Change Change Change World Index Preliminary 784.8 -0.4 -5.7 -0.8 -9.2 -0.5 -7.2 EAFE Preliminary 727.7 -0.3 -7.3 -0.8 -12.4 -0.5 -10.5 Europe Preliminary 1055.5 -0.3374 words
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Article177 2010-07-22 28 Jul 21 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.15 US$ 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 12177 words
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Article22 2010-07-22 28 Jul 21 S$ Bid Offer 1-month 1.3721 1.3726 2-months 1.3719 1.3725 3-months 1.3718 1.3723 6-months 1.3711 1.3717 Source: OCBC22 words
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Article146 2010-07-22 28 Jul 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 320.0 318.0 318.0 64 Sep 10 310.0 Oct 10 301.0 301.0 301.0 24 Nov 10 297.5 297.5 297.5 12 Dec 10 296.9 296.9 296.9 12 Jan 11146 words
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Article90 2010-07-22 28 Jul 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 21.10.2010 0.30 0.25 0.25 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 104.45 104.46 104.46 5-Year N*****0N 1.375 01.10.2014 102.7090 words
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Article105 2010-07-22 28 Jul 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1011.75 1008.00 1014.25 998.50 Sep 10 986.75 986.25 990.50 977.00 Nov 10 973.00 972.00 976.25 962.75 Jan 11 981.00 980.00 984.50 971.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 38.40 37.96 38.48105 words
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Article77 2010-07-22 28 CRUDE OIL PRODUCTS Jul 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.16 0.01 WTI (Near Mth) 77.38 0.79 Dubai (1-Mth F) 74.03 0.57 Tapis blend 80.20 0.75 Minas 76.95 0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 66.77 0.77 Jet Kerosene 86.52 1.09 US$/barrel Opec Oil77 words
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2393 2010-07-22 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39.5 1 150 2 4.68 46 6227 ASJ Hldgs W*****1 4 1 4 7 1.88 19 2036 Advance SCT Ltd W*****9 0.5 1 87 28172,393 words
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Article132 2010-07-22 28 Jul 21 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2000 1.2370 Can dollar 1.3070 1.3230 Euro 1.7590 1.7800 NZ dollar 0.9760 0.9980 Sterling pound 2.0840 2.1080 US dollar 1.3650 1.3800 Local dollars to 100 units of foreign132 words
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Article29 2010-07-22 28 Jul 21 Open High Sett STI Jul 2956 2956 2926 SIMSCI Jul 347.2 350.4 346.3 Taiwan Jul 271.8 273.7 272.1 Source: MF Global (S) Pte. Ltd29 words
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Article66 2010-07-22 28 Jul 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2515 2522 2529 2500 1119 7246 Sep 10 2479 2483 2390 2460 3411 ***** Oct 10 2447 2457 2467 2467 ***** ***** Nov 10 2451 245266 words
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Article427 2010-07-22 28 Jul 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.5350 0 2774 Dec10 99.4900 0 1790 Mar11 99.4300 0 1238 Jun11 99.3100 0 2181 EUROYEN TIBOR FUTURES Sep10 99.6700 99.6700 99.6550 99.6575 1 3324 Dec10 99.6900 99.6900 99.6900 99.6900 0 1371 Mar11 99.7050 2 1961427 words
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Article465 2010-07-22 28 Jul 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.915 5.994 0.686 6.878 41.790 80.073 0.771 10.649 2.841 1.231 75.608 41.096 1.214 6.676 0.929 28.426 28.551 0.577 0.884 Canada 1.092 6.548465 words
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Article85 2010-07-22 28 Jul 21 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-07-22 28 Jul 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2134 1.2140 0.8843 0.8844 Canadian dollar 1.3253 1.3264 0.9658 0.9663 Euro 1.7675 1.7686 1.2881 1.2884 NZ dollar 0.9857 0.9868 0.7183 0.7189 Sterling pound 2.1017 2.1033 1.5316 1.5322154 words
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Article138 2010-07-22 28 Jul 21 GOLD (US$/oz) Jul 20 Jul 21 Hong Kong 1183.20 1189.50 Jul 19 Jul 20 London 1179.45 1192.45 1180.45 1193.45 Source: Thomson Reuters CAST BAR Jul 21 (S$) Selling Buying Kilobar 56,596.58 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126.26 53 5gm 359.52 264 10gm 643.07138 words
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Article69 2010-07-22 28 Jul 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1949.50 1950.50 3 months 1971.00 1972.00 Copper, Grade A (US$/tonne) Cash 6625.75 6494.75 3 months 6641.00 6510.00 Lead (US$/tonne) Cash 1819.00 1755.00 3 months 1839.00 1775.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article82 2010-07-22 28 Jul 20 COCOA (£/tonne) Close Prev High/Low Sep 10 2319 2345 2386/2314 Dec 10 2193 2183 2230/2184 Mar 11 2162 2153 2201/2152 May 11 2161 2152 2193/2156 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1678 1720 1700/1680 Sep 10 1684 1730 1727/1680 Nov 10 1703 1742 1736/1700 Jan 1182 words
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BizIT
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Article, Illustration561 2010-07-22 29 RAJU CHELLAM - Aim is to grow digital advertising seven-fold by 2020 with Singapore as hub, reports RAJU CHELLAM RAJU CHELLAM SOME of the world’s most famous brands, including Google and Yahoo! have teamed up with major local brands such as SPH and Golden Village to561 words
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310 2010-07-22 29 RAJU CHELLAM - By RAJU CHELLAM WHAT’S in a name? Some people call it LBS (Location Based Services), some others call it “awareness” or “presence”, but one of the world’s biggest brands calls it Google Places. That was soft-launched in Singapore in April, and will see a310 words
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Article1041 2010-07-22 29 LIM KOK HIN - Being more productive can relieve a lot of work-related pressure <you say> By LIM LIM KOK HIN The author is senior director GM business imaging solutions and business solutions division, Canon Singapore IN MARCH this year, accountancy firm Thornton Grant noted a 45 per cent increase1,041 words
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680 2010-07-22 29 AMIT ROY CHOUDHURY - By AMIT AMIT ROY CHOUDHURY CORPORATE networks in Singapore have adopted a risk-based approach to technology deployment, which is driven by government organisations such as the Monetary Authority of Singapore. And Matthew Gyde, Datacraft Asia’s general manager for security solutions, said that as a680 words
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Article, Illustration385 2010-07-22 29 JASLENE FANG - The company had a 21% market share in unit terms in June By JASLENE FANG SAMSUNG Electronics has announced a new line-up of mobile computers and printing devices in its latest move to increase market share. Moon Sung-Hyun, managing director of Samsung385 words
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PROPERTY
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299 2010-07-22 30 EMILYN YAP - Hong Kong the most expensive in Asia-Pacific: survey By EMILYN YAP [SINGAPORE] Parking a car in Singapore’s central business district (CBD) may seem expensive, but it still costs substantially less compared to other cities such as London and Hong Kong. Colliers International tracked parking299 words
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Article, Illustration396 2010-07-22 30 Authorities fail to agree on whether to ease curbs on mortgage lending Reuters [SEOUL] South Korea yesterday put on hold a plan to announce measures aimed at boosting the property market, as policymakers were unable to reach an agreement on whether to easeReuters; BLOOMBERG - 396 words
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Article, Illustration860 2010-07-22 31 Buyers unable to gauge how far prices have fallen during 2-year slump Bloomberg [DUBAI] A dearth of Dubai home sales and foreclosure auctions is stalling a recovery because buyers aren’t able to gauge how far prices have fallen during the market’s two-yearBloomberg; AFP - 860 words
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Article, Illustration378 2010-07-22 32 EMILYN YAP - Pacifica Partners may gain up to 36% stake in fund set up by Accor and InterGlobe By EMILYN YAP [SINGAPORE] Pacifica Partners, a hotel investment firm linked to the Government of Singapore Investment Corp (GIC), will buy a stake in a hotel378 words
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1486 2010-07-22 32 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 24/06/2010 99 1636 3029 1851 People's Park Cplx Apt1,486 words
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Page 30 Advertisements
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Advertisement436 2010-07-22 30 Meier Suites New Units released Exclusive Unrivalled Premium Development r b i L u V I 4 H 55 Exclusive Freehold Suites with 114 Carpark Lots. Nestled in the tranquil enclave of prime district 15 at Margate Road, off Meyer Road. Premium Suites ranging from 1798-2228 sqft, primarily in 3436 words
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Advertisement182 2010-07-22 30 Cove Drive *****/ ***** sqft. Full seaview berth. Wide frontage. Top quality. Cove Drive *****/***** sqft. Full seaview. 40M frontage. 30M Pool. Park 8 cars. Cove Grove *****/ ***** sqft. Unblocked seaview with Pte Berth. Rare. •Treasure Island *****/ ***** sqft. Best of the best quality. Ocean Front Super Penthouse.182 words
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Advertisement134 2010-07-22 30 adv BULK SALE: Up to 40% DISCOUNT D.09 PRIME FREEHOLD RESIDENTIAL SPACIOUS 3 4 BDRMS NEARBY SCOTTS ORCHARD ROAD TOP Soon COMMERCIAL BUILDINGS FOR SALE CBD FREEHOLD ROBINSON RD. RAFFLES PLACE NEXT TO MRT NEW RETAIL MALL NEAR REDHILL MRT CORPORATE BLDG Site Area: 22,000sf GFA: 57,000sf Simon Sim Site134 words
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Advertisement54 2010-07-22 30 Head to CATS FASTADS in The New Paper for job opportunities! BUY IT-SELL IT-FIND IT GCB Land Mt Echo Park Land Size 16,826 sqft Ideal for rebuild Vacant Possession Quiet ambience North/East facing Appointed Sole Agent Citiprop Pacific KC Ng 9853 1001 Head to CATS FASTADS in The New Paper54 words
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Page 31 Advertisements
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Advertisement369 2010-07-22 31 THE QUILLION TEAM The Luxury Properties Specialist Bespoke Service: 6222 2321 9189 5111 PENTHOUSES Ardmore Pk Penthouse Singapore's most desirable address Unrivalled location in Orchard 8700sf of beautifully designed gracious living spaces, elegant bathroom with natural light, extensive terraces offering stunning views from its 29th floor. Four Seasons Park Penthouse369 words
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Page 32 Advertisements
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Advertisement118 2010-07-22 32 RESIDENCES Exclusively Yours I s s ►> m m A RARE LUXURY Two exclusive 1 8th storey penthouse units Functional layout (3,200sf space on a single level 800sf roof terrace) Floor-to-ceiling windows, end-to-end views Private lift lobby, exquisite finishes Freehold residences Foreigners eligible Close to the upcoming Stevens MRT Close118 words
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