The Business Times, 27 July 2010
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2010-07-27
1
32
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section23 2010-07-27 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 27,201023 words
-
663 2010-07-27 1 EMILYN YAP - Japan’s Kirin buys 14.7% stake, setting stage for changes By EMILYN YAP [SINGAPORE] Local conglomerate Fraser Neave (F&N) will be gaining some Japanese flavour in the form of a new major shareholder: Kirin Holdings. The Tokyo-based beverage giant is buying Temasek’s entire 14.7663 words
-
Article, Illustration1003 2010-07-27 1 NISHA RAMCHANDANI - Rival Fortis accepts Khazanah’s general offer and may snap up $116m profit By NISHA RAMCHANDANI [SINGAPORE] The battle for Parkway Holdings ended in smiles for both contenders. Khazanah Nasional got its way when it revised its earlier partial offer of 1.18 billion to a1,003 words
-
Article141 2010-07-27 1 ST INDEX 2,966.99 (-6.48) ST INDEX FUTURES 2,966 (-7) SIMSCI 350.24 (+0.27) SIMSCI FUTURES 350.60 (-0.30) FOREX US$ S$ US$ (S$ per US$) 1.365 (US$/S$ per 1.546 2.111 EURO (US$/S$/E) 1.292 1.763 Foreign currency per US$ S$ YEN 87.20 63.90 RM 3.195 2.341 HK$ 7.766 5.689 BAHT 32.21141 words
-
Page 1 Advertisements
-
Advertisement125 2010-07-27 1 PROPERTY First fall in UK house prices in 15 months PAGE 32 OPINION The Achilles’ heel of the commo markets CORPORATE RESULTS SIA’s Q1 turnaround better than expected PAGE COMMENTARY India’s brand building goes global PAGE 23 PAGE 22 Success all started from sauce PAGE 12 Inc The Wee Tiong125 words
-
Advertisement11 2010-07-27 1 Fortis mulling secondary listing in Singapore, Page 2 8 '*****1 *****411 words
-
-
TOP STORIES
-
Article721 2010-07-27 2 Khazanah poised to win Parkway bride THE battle for Parkway Holdings ended in smiles for both contenders. Khazanah Nasional got its way when it revised its earlier partial offer of $1.18 billion to a $3.5 billion general offer for all Parkway shares it does not own. But rival721 words
-
Article, Illustration471 2010-07-27 2 TEH SHI NING - Industrial production records first fall in 7 months on sharp slowdown in biomed By TEH SHI NING [SINGAPORE] June’s factory output fell short of expectations for the first time this year, as a slowdown in pharmaceutical output put the brakes on manufacturing’s acceleration.Source: EDB - 471 words
-
Article, Illustration363 2010-07-27 2 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Singapore has not seen the last of Fortis Healthcare. The Indian group, which is looking into a secondary listing on the Singapore Exchange, plans to channel the funds that it will raise from selling its stake in Parkway Holdings to363 words
-
Article426 2010-07-27 2 LATEST US DATA Reuters [WASHINGTON] Sales of new US single-family homes rebounded strongly in June from the prior month’s record low, driving the number of houses on the market to its lowest level in nearly 42 years. The Commerce Department said yesterday sales jumpedReuters - 426 words
-
506 2010-07-27 2 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] The financial year of 2009 was more feast than famine for more than a quarter of chief executive officers included in the 2010 Ernst Young Executive and Board Remuneration Report. Of the 55 listed local506 words
-
Article124 2010-07-27 2 IN the report “S-chips prove to be more pain than gain” (BT, July 24), we cited Jiutian Chemical as having been suspended over corporate governance issues and that it was among companies that ran into trouble within three years of listing. This is incorrect. Jiutian has not been suspended124 words
-
Article, Illustration460 2010-07-27 4 ANTHONY ROWLEY - Your Party chief says there should be a law to ensure stable consumer prices By ANTHONY ROWLEY JAPAN is in danger of becoming a “third rate country” if it allows deflation to continue eroding its economic base, according to Yoshimi Watanabe, who hasBLOOMBERG - 460 words
-
711 2010-07-27 4 European stocks mixed; euro rises against the dollar AFP [LONDON] Scepticism over European banking-sector stress tests, which have cleared all but seven European lenders, cast a shadow over the continent’s stock markets yesterday. The results of the tests, published after the close ofAFP - 711 words
-
Article, Illustration885 2010-07-27 4 His removal could ease political, media pressure: analysts AP [LONDON] The board of oil giant BP plc faced a decision yesterday on whether to keep Tony Hayward as its chief executive, although deliberations appeared to have narrowed to setting the terms for hisAP; REUTERS - 885 words
-
377 2010-07-27 4 Reuters [BRUSSELS] European Union competition regulators launched two antitrust investigations yesterday against International Business Machines Corp (IBM), suspecting it of abusing its dominant position in the mainframe computer market. One investigation followed complaints by emulator software vendors T3 and TurboHercules against IBM’sReuters - 377 words
-
-
Page 2 Advertisements
-
Advertisement499 2010-07-27 2 FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. (“the Trustee-Manager”) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of First499 words
-
-
Page 3 Advertisements
-
Advertisement221 2010-07-27 3 ORCHARD! SCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 tf 1 1 ✓'I Ml I ffl nil v >- rJi. _l- Jam > HI r at e fc:^r^ M 5 e T-I II BS 3 S a^K r .JBwff i• 4agHMP*2ta The luxury of space In the heart of221 words
-
-
Page 4 Advertisements
-
Advertisement87 2010-07-27 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. 7 We II knock you out without thepills! We've mastered the science of sleep without counting sheep, drinking milk or popping harmful pills to give you complete holistic sleep and all the benefits that come with it. Waterbeds Latex Memory Foam Spring Mattresses87 words
-
Advertisement73 2010-07-27 4 u < c; X P s o n r \S2_1—i c 1 w bJ> t-\~) rr: LJ w o FIND THE ONES r? o r r,i B i!! iu r? s u irpy THAinT! S^pC, v Recruit the right people through CATS Recruit. 4— S\ Call 1800 289 8822 or73 words
-
Advertisement9 2010-07-27 4 Hayward’s successor has his work cut out, Page 219 words
-
-
COMPANY NEWS
-
Article, Illustration502 2010-07-27 5 VEN SREENIVASAN - Attributable profit is $252.5 million, revenue $3.47 billion By VEN SREENIVASAN A STRONG recovery in passenger demand and a resurgence in air freight have lifted Singapore Airlines back into the black. SIA yesterday reported a first-quarter attributable profit of $252.5 million, reversing a lossBLOOMBERG - 502 words
-
246 2010-07-27 5 Jeffrey Tan is market head; Moon SeongJin leads Korea Desk OCBC Bank’s private banking unit, Bank of Singapore, yesterday announced two new senior banker hires. Jeffrey Tan, former chief representative at Merrill Lynch Bank (Suisse) SA’s Singapore representative office, has joined the bank246 words
-
339 2010-07-27 5 JAMIE LEE - By JAMIE LEE DISTRIBUTION by First Ship Lease Trust (FSL Trust) fell 61.2 per cent year on year to 0.95 US cents per unit for the second quarter, as the trust sank into the red on an impairment charge following the re-deliv-ery of339 words
-
Article252 2010-07-27 6 CASH company Multistar Holdings is set for de-listing after the Singapore Exchange rejected its application for more time to acquire a new business. SGX said it has doubts over the viability of the enlarged company, and also rejected a plea from Multistar to raise $4 million252 words
-
363 2010-07-27 6 NISHA RAMCHANDANI - Raffles Hospital to be expanded; medical centre in Shanghai starts ops By NISHA RAMCHANDANI RAFFLES Medical Group is expanding its presence both locally and overseas. It announced yesterday that its flagship, Raffles Hospital, has received permission from the Urban Redevelopment Authority to363 words
-
178 2010-07-27 6 THE three local banks, Singtel and Wilmar International make up Singapore’s five representatives on the newly created FTSE CNBC Asia 100 index. The index was created to track the performance of 100 of Asia’s largest companies by market cap. The index has178 words
-
229 2010-07-27 6 THE Singapore Exchange and Eurex will be launching US dollar denominated Euro Stoxx 50 futures here by the end of the year. “Customers will have first-mover advantage to react to weekend or overnight European and US market news and manage their European229 words
-
Article, Illustration422 2010-07-27 9 JOYCE HOOI - 2 weeks more needed to produce thorough environment report: certification agencies By JOYCE HOOI AN independent report on Golden Agri-Resources (GAR) subsidiary PT Smart will be delayed by almost two weeks, the group announced yesterday. Control Union Certification (CUC) and the BSI GroupAFP - 422 words
-
Article120 2010-07-27 9 STARHILL Global Reit secured a three-year, $496 million facility from a five-bank syndicate. DBS, OCBC Bank, Commonwealth Bank of Australia, Société Générale and ING Bank took part. OCBC was facility and security agent. The facility includes a $50 million revolving credit facility and will be secured120 words
-
918 2010-07-27 9 FELDA CHAY, KAREN NG - By FELDA CHAY, KAREN NG ONCE prominent bank owner Agus Anwar, whose personal available assets are said to amount to S$58.3 million, has put forward a proposal to repay the S$103.3 million he owes to creditors. But some are not convinced918 words
-
-
Page 5 Advertisements
-
Advertisement201 2010-07-27 5 NANYANG Pg jjy J( San Diego w) y Scl1001 of Mana 2 ement Nanyang Business School Eureka! You have an innovative breakthrough. Here's how you can make it a commercial success. T f Leadership and Innovation in SCIENCE AND TECHNOLOGY An advanced management programme presented in Singapore and USA Nanyang201 words
-
Advertisement264 2010-07-27 5 THE Garuda Indonesia I PASSENGERS CHOICE the world's most improved airline Winner of World Airline Awards" 2010 Passenger's Choice award The Highest Indonesian Restaurant in the World. There's a place reserved just for you, in the world's highest Indonesian restaurant. It's on board one of our new B737-800NG aircraft and264 words
-
-
Page 6 Advertisements
-
Advertisement3121 2010-07-27 6 Looking for a Payroll PartnGT who... s*!S W) 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,3,121 words
-
-
Page 7 Advertisements
-
Advertisement204 2010-07-27 7 THE LARGEST ASSET MANAGER. A FULL SPECTRUM OF MUTUAL FUNDS. WORLD-CLASS RISK MANAGEMENT. NOW THAT'S A COMBINATION WORTH KNOWING. BlackRock's full spectrum of award-winning mutual funds is ready to help meet your investment goals. Our reputation for delivering consistent results and fewer surprises comes from following two core principles: continually204 words
-
-
SINGAPORE MARKETS
-
Article, Illustration637 2010-07-27 8 VEN SREENIVASAN - It stayed flat before closing at 2,966.99 as banks and bellwether counters failed to respond to positive news STOCKS VEN SREENIVASAN Senior Correspondent SINGAPORE bucked markets in the rest of the region yesterday. While they were mostly higher, the Straits Times Index (STI)Source: Bloomberg - 637 words
-
Article66 2010-07-27 8 Jul 26 VALUE CLOSE BT OB/OS 272.00 -21.00 BT CADI -*****.00 -9.00 BT 10-day MA -*****.00 +27.00 FTSE ST Mid Cap 729.28 -0.33 FTSE ST Small Cap 542.49 +0.17 FTSE ST All Share 732.63 -1.29 FTSE ST China Top 270.36 -0.86 FTSE ST China 297.20 -4.34 FTSE66 words
-
Article186 2010-07-27 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 6 0 0 0 6 5 6 Manufacturing 57 55 69 3 10 13 60 65 82 Commerce 17 24 23 4 3 5 21 27 28 Tpt/Stor/Comms 14 12 18186 words
-
BROKERS’ TAKE
-
Article93 2010-07-27 8 July 26 close: $0.14 KIM ENG RESEARCH, July 26 CHINA Hongxing Sports has just secured a strong orderbook of 504 million yuan (S$101 million) in a trade fair and is trading at a sharp discount to its net cash of 21 cents per share. On the daily93 words
-
Article344 2010-07-27 8 July 26 close: $1.87 DMG PARTNERS SECURITIES, July 26 RAFFLES Medical achieved earnings growth of 20.3 per cent y-o-y to $10.6 million in Q2 FY2010, on the back of revenue growth of 8.7 per cent. The results were in line with our expectations. The improved results were344 words
-
Article490 2010-07-27 8 JAMIE LEE - Compiled by JAMIE LEE July 26 close: $1.96 UOB-KAY HIAN RESEARCH, July 23 VIETNAM yard visit; positioning for growth: We attended Ezra’s Open House at its two fabrication yards in Ho Chi Minh City and Vung Tau and came away with a stronger sense of the yards’ capabilities490 words
-
-
Article121 2010-07-27 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,568 14,568 50,390 50,390 Manufacturing 256,602 41,790 298,392 239,633 7,328 246,961 Commerce 121,110 39,737 160,847 101,079 3,731 104,810 Tpt/Stor/Comms 118,817 370 119,187 154,421 54 154,476 Finance 21,365 10 21,375 161,816 1 161,817 Construction 49,381 3,096121 words
-
Article112 2010-07-27 8 Stock name Close Change CapMallsAsia 2.050 -0.010 CapitaLand 3.890 +0.010 CapitaMall 1.960 CityDev 11.960 -0.060 ComfortDelGro 1.530 -0.020 DBS Grp 14.280 -0.120 F&N 5.670 -0.080 Genting SP 1.240 +0.030 Golden Agri 0.565 -0.010 HK Land 5.270 -0.130 JMH 40.860 -0.380 JSH 23.980 -0.520 Jardine C&C 35.700112 words
-
Article, Illustration520 2010-07-27 8 CURRENCIES Reuters [LONDON] The euro erased early gains against the US dollar yesterday as caution set in after initial investor calm in the wake of the release of European banks’ stress test results late on Friday. Early risk-taking sentiment faded, with European sharesReuters; BLOOMBERG - 520 words
-
Article56 2010-07-27 8 VOLUME Genting SP 128,032,000 Golden Agri 54,892,000 Informatics 42,482,000 BerlianLaju 36,867,000 Oakwell Engg 33,421,000 StyleMerc 31,245,000 Abterra 30,130,000 Noble Grp 29,581,000 PEC 28,629,000 China Hongxing 28,006,000 VALUE($) Genting SP 156,858,950 Wilmar 103,119,970 DBS Grp 68,206,140 CapitaLand 54,276,739 Noble Grp 50,567,448 SingTel 44,379,372 Keppel Corp 36,699,250 SGX 35,525,87056 words
-
Article112 2010-07-27 8 BY CENTS CLOSE UP DBXT MSCHINA 10US$ 1184 43.7 2.8 Lyxor Europe 10 US$ 1181 42.3 2.7 DBXT MSWorld 10US$ 273 31.4 9.2 Lyxor EasternEurope1 502 30.0 4.6 DBXT FTChina25 10US$ 2995 28.7 0.7 DairyFarm 738 24.6 2.5 UOB 1960 24.0 1.2 Jardine C&C 3570 22.0 0.6 Lyxor Russia112 words
-
Article123 2010-07-27 8 BY CENTS CLOSE DOWN GLD 10US$ *****-111.9 -0.7 JSH 2398 -71.0 -2.1 DBXT Nifty 10US$ ***** -60.0 -0.4 JMH 4086 -51.9 -0.9 DBXT FTVietnam 10US$ 4123 -32.8 -0.6 DBXT MSINDO 10us$ 1246 -21.8 -1.3 HK Land 527 -17.7 -2.4 DBXT S&P Short 10US$ 5288 -16.4 -0.2 DBS Grp 1428123 words
-
Article87 2010-07-27 8 Where S$ stands Jul 26 CHNG YR 2010 CLOSE FR Jul 23 S$ LOW S$ HIGH US$ 1.3638 0.54 1.4219 1.3638@ Euro 1.7624 0.68 2.0153 1.6886 Pounds 2.1136 -0.04 2.2831 2.0003 A$ 1.2226 0.35 1.2960 1.1515 Yen* 1.5707 0.21 1.5951 1.4467 Rupiah* 0.***** 0.32 0.***** 0.***** Baht* 4.2341 0.4387 words
-
-
Page 9 Advertisements
-
Advertisement120 2010-07-27 9 emirates.com/sg llf Our European gallery. Emirates' European collection now includes Amsterdam, Prague and Madrid. Fly Emirates. Keep discovering. Rich in history, culture and stunning architecture, Europe is the world's most enchanting continent. Fly Emirates and experience award-winning entertainment, fine dining and multi-lingual cabin crew. So even getting there is a120 words
-
-
SINGAPORE NEWS
-
Article, Illustration575 2010-07-27 10 LEE U-WEN - Hun Sen committed to conducive and friendly business environment By LEE U-WEN CAMBODIA is rolling out the red carpet for Singapore companies to invest there, with the invitation coming from none other than the kingdom’s Prime Minister Hun Sen. The 59-year-old leader,ALPHONSUS CHERN/THE STRAITS TIMES - 575 words
-
Article, Illustration597 2010-07-27 10 ARTHUR SIM - By ARTHUR SIM THREE weeks into the job, new Asian Civilisations Museum (ACM) director Alan Chong can already expect more money for new initiatives. Speaking to the media for the first time since taking the helm at ACM, Dr Chong also saidMARYANNE TAN/THE STRAITS TIMES - 597 words
-
Article, Illustration429 2010-07-27 10 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY THE government yesterday announced the launch of the first home-grown certification programme for infocomm security professionals that will be accredited under the National Infocomm Competency Framework. The announcement was made yesterday by Chan Yeng Kit, permanent secretary of theFILE PHOTO - 429 words
-
200 2010-07-27 10 EVEN before convocation, 71.7 per cent of Nanyang Technological University’s (NTU) fresh crop of graduates are already employed, up from 67.1 per cent in the same period the year before, according to the university’s own preliminary survey. Speaking at NTU’s convocation ceremony,200 words
-
219 2010-07-27 10 DESPITE the increase in foreign worker levy, only 5 per cent of 300 companies will be hiring fewer foreign workers as a result of it, according a survey. Research firm Achieve Group surveyed 500 companies from a host of industries including services219 words
-
215 2010-07-27 10 THE National University of Singapore’s (NUS) latest spin-off will be developing a new facial mask as its first foray into the multi-bil-lion dollar industry. NUS yesterday announced the establishment of a spin-off company, Clearbridge Nanomedics (CBN), that will develop a nanofibre mesh for use215 words
-
268 2010-07-27 10 It also organised a three-day trip in early July to Jakarta INTERNATIONAL Enterprise Singapore (IE) led its first ever food business mission to South Africa and Nigeria on Sunday to explore expansion opportunities in those countries. The eight participating firms were268 words
-
-
Page 10 Advertisements
-
Advertisement11 2010-07-27 10 VODCAST 《歌洁仪的叶 http://lifestyle.omy.sg 糖什 http://eat.omy.sg11 words
-
-
Page 11 Advertisements
-
Advertisement182 2010-07-27 11 Research for Business If, in 2003, you knew that Value at Risk was not the right risk management tool for financial institutions If, in 2005, you knew that the regulatory framework of open-end investment funds would not allow the liquidity of the funds to be guaranteed If, in 2006, you182 words
-
-
SME Inc
-
Article, Illustration984 2010-07-27 12 KAREN NG - The Cheow brothers have come far with their home-made sauce and are now focused on taking the Quickbite brand abroad, reports KAREN NG KAREN NG ‘HUNGER is the best sauce in the world”, Cervantes’ Don Quixote quipped. And while the belly was the primaryYEN MENG JIIN - 984 words
-
Article, Illustration752 2010-07-27 12 CHEN HUIFEN - By CHEN HUIFEN TRADITIONAL Chinese medicine (TCM) company All Link Medical Health Products is eyeing the good manufacturing practice (GMP) certification for its factory in Singapore, seeing it as a stepping stone to export markets in Asia. The GMP standard mayARTHUR LEE - 752 words
-
326 2010-07-27 12 MELISSA TAN - By MELISSA TAN HOMEGROWN pork processor and distributor Ong Joo Joo Food Industries (OJJ) will now have a leg up to diversify its product range after securing investments from two venture capital (VC) firms Sirius Growth Partners and G9 Investments. The investment means that326 words
-
Article, Illustration1002 2010-07-27 14 CHOO RUI QI RACHEL, OUYANG HUIXIAN, PHUA FABIAN, TEO PAI LOONG - Far from resting on its laurels, the successful commodities trader is moving to strengthen its position further, report CHOO RUI QI RACHEL, OUYANG HUIXIAN, PHUA FABIAN and TEO PAI LOONG CHOO RUI QI RACHEL, OUYANG HUIXIAN, PHUA FABIAN TEO PAI LOONG The writers areYEN MENG JIIN - 1,002 words
-
967 2010-07-27 14 WEE HUI YI, MICHELLE WEE, SANDRA WONG - By WEE HUI YI, MICHELLE WEE SANDRA WONG The writers are students of the NUS Business School CHEVON International (S) Pte Ltd is the silent leader in a specialised field relatively unknown to outsiders. But here’s a clue: It can take the heat. You967 words
-
774 2010-07-27 14 NICHOLAS YEO - By NICHOLAS YEO FOR a niche company, its portfolio offering of 10 different pumps is relatively wide. Yet, Euroflo Pumps International found that product range wasn’t enough to keep it on top of the market. Competition is heating up because of increasing pressure774 words
-
215 2010-07-27 14 EUROFLO Pumps International was founded in 1989 with original equipment manufacturer (OEM) pumps to serve booming markets such as marine offshore, shipbuilding, domestic water distribution and buildings, amongst others. Then, it was wholly owned by Winston Engineering, which was a trading house specialising in215 words
-
Article, Illustration1596 2010-07-27 15 Learn versus earn: A case for small business employers and the fresh graduates who join them WHAT happens when you graduate from university? Do you want to be an employee or an entrepreneur? Are you going to join a big multinational corporation (MNC) or aAFP - 1,596 words
-
Article1415 2010-07-27 15 THIS 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? Richard Stuart Managing1,415 words
-
-
Page 12 Advertisements
-
Advertisement7 2010-07-27 12 SME VOICES Harnessing cutural differences PAGE 157 words
-
-
Page 13 Advertisements
-
Advertisement202 2010-07-27 13 Since 2001, EDHEC-Risk Institute has been developing an original research approach which aims to bring the concerns of companies and researchers closer together. oal has led EDHEC-Risk Institute to implement an ambitious strategy to disseminate the results of its research. Whether through international conferences, the Executive Track of its PhD202 words
-
-
Page 14 Advertisements
-
Advertisement50 2010-07-27 14 August Pulses out now! Enjoy your copy of Pulses and a fresh medium espresso beverage for only $5.50 at any Spinelli Coffee outlet Willthegovernmentlandscaleprogramme godowninhistoryasoneoftheboldestmoves tocontrolSingapore'spropertymarket? Propertyinvestmentsofferpotentiallylargereturnsfor littleoutlay. •Weanalysehowtheassetclasshasevolvedandwhatitcan offerinvestors. InImpulses,JBistroservesupstraightforwardmodern Europeanfarethatisagastronomicaldelight. Pulsesisavailableatnewsstands,petrolstationsandleading bookstores.Tosubscribe,pleasecall6388-3838. Get a complimentary copy if you are a Pere Ocean client, while stocks last! Producedby Publishedby50 words
-
Advertisement79 2010-07-27 14 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Wee Tiong Pte Ltd and Chevon International (S) Pte Ltd were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business79 words
-
-
Page 15 Advertisements
-
Advertisement95 2010-07-27 15 Voices Next week’s topic: A new, simpler accounting standard is on track to be introduced for SMEs. What benefits can be derived from a simpler standard? What changes do you think should be made, and why? If you are an SME owner or leader, we would like you to share95 words
-
Advertisement23 2010-07-27 15 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. BEATS NOTICES23 words
-
Advertisement199 2010-07-27 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KINGSMEAD CAPITAL ADVISORS (SINGAPORE) PTE LTD (IN MEMBERS’VOLUNTARY LIQUIDATION) (Co Reg. No. *****1135K) NOTICE IS HEREBY GIVEN that the Final General Meeting of the abovenamed Company will be held at 331 North Bridge Road, #04-04/05199 words
-
-
ECONOMY WATCH
-
Article, Illustration617 2010-07-27 16 But bankers wonder whether there is demand and how much will be repaid Bloomberg [WASHINGTON] President Barack Obama is on the verge of creating as much as US$300 billion in credit for small businesses as bankers raise doubt about whether there’sBloomberg; BLOOMBERG - 617 words
-
Article, Illustration311 2010-07-27 16 NYT [WASHINGTON] Treasury Secretary Timothy Geithner has pressed the case for letting Bush-era tax cuts for the wealthiest Americans expire later this year. In appearances on two television programmes on Sunday, Mr Geithner said that letting tax cuts expire for those who makeNYT - 311 words
-
484 2010-07-27 16 AFP [TOKYO] Japanese exports rose in June on shipments to Asia but the pace of growth was the slowest this year amid signs that recovery may be losing steam as global demand falls, data showed yesterday. “We previously saw a robust, V-shaped recovery inAFP - 484 words
-
659 2010-07-27 16 Bloomberg [NEW YORK] For all the criticism of record budget deficits, President Barack Obama can take comfort knowing that for the first time in half a century, government bond yields are declining during an economic expansion and Treasury Secretary TimothyBloomberg - 659 words
-
Article, Illustration794 2010-07-27 16 NYT [NEW YORK] As US companies report earnings this month for the second quarter, news of healthy profits has helped the stock market the Standard Poor’s 500-stock index is up 7 per cent for July. But the source of thoseNYT; AP - 794 words
-
-
MALAYSIA/INDONESIA
-
Article, Illustration402 2010-07-27 17 [KUALA LUMPUR] The former chief executive officer of Port of Tanjung Pelepas (PTP) Ismail Hashim is poised to join Johor Port Bhd as its new executive director beginning on August 1, replacing Abdul Khalid Lal Khan, says a report in Malaysia’sBLOOMBERG - 402 words
-
379 2010-07-27 17 [KUALA LUMPUR] A quarter of the RM20 billion (S$8.5 billion) Facilitation Fund will be used to help build up to seven new highways during the 10th Malaysia Plan, says a report in Malaysia’s Business Times. The fund, announced under the 10th Malaysia Plan379 words
-
593 2010-07-27 17 Stronger finances may lead govt to cut debt issuance target for rest of the year Reuters [JAKARTA] Indonesia’s finance minister said the government expected its economy to grow at 5.9 per cent this year, slightly faster than budgeted, and predicted a smaller-than-forecast budget deficit.Reuters - 593 words
-
-
Page 17 Advertisements
-
Advertisement314 2010-07-27 17 LET YOUR BRAND ASPIRATIONS TAKE FLIGHT The Association of Small and Medium Enterprises and Lianhe Zaobao cordially invite local brands to come forth and take part in the Singapore Prestige Brand Award (SPBA) 2010. A brand evolves and develops its full potential through strategic brand building. Over the years, SPBA314 words
-
-
GREATER CHINA
-
Article, Illustration730 2010-07-27 18 This is part of 7.7t yuan lent to finance local government infrastructure works Bloomberg [SHANGHAI] Chinese banks may struggle to recoup about 23 per cent of the 7.7 trillion yuan (S 1.5 5 trillion) that they’ve lent to finance local government infrastructure projects,Bloomberg; AFP - 730 words
-
262 2010-07-27 18 Reuters [BEIJING] Worries that China is throwing up obstacles to foreign business are misplaced, Commerce Minister Chen Deming said in an article published yesterday. “In fact, China will open wider in the future,” Mr Chen wrote in an opinion piece in the FinancialReuters - 262 words
-
220 2010-07-27 18 Reuters [BEIJING] A Chinese court sentenced a senior political adviser to death, suspended for two years, in the latest development in a wide-ranging investigation of corruption tied to home appliance magnate Huang Guangyu. Chen Shaoji, who was head of the Chinese People’s PoliticalReuters - 220 words
-
-
Page 18 Advertisements
-
Advertisement285 2010-07-27 18 Hewitt Associates, a global human resources consulting company invites you to participate in the Hewitt Best Employer in Singapore 2011 study. Partnering TheBusiness Times and CATSRecruit inTheStraitsTimes, the Hewitt Best Employer in Singapore study is in its sixth year in Asia. The largest employee research of its kind with views285 words
-
-
GREATER CHINA/INDIA
-
613 2010-07-27 19 High-profile visit this week seeks big trade and partnering deals with Asian giant AFP [LONDON] Britain’s Prime Minister David Cameron goes to India this week targeting a new special relationship with the former jewel in its colonial crown, now one of theAFP - 613 words
-
Article, Illustration364 2010-07-27 19 AFP [SHANGHAI] China’s Zijin Mining Group offered cash to journalists covering a toxic spill at a mine it operates in the south-east, state media said yesterday, in an apparent bid to gain favourable coverage. Poisonous waste water from the Fujian province copper mine operated by ZijinAFP - 364 words
-
326 2010-07-27 19 Reuters [MUMBAI] Robust domestic demand should boost India’s economic growth but inflation and its impact on profitability of companies is a concern, a survey of chief executives by a top industry body showed. Most CEOs expect higher capacity utilisation and expansion in the secondReuters - 326 words
-
Article, Illustration571 2010-07-27 19 Recent heavy rainfall expected to help lift grain output Bloomberg [MUMBAI] India’s monsoon, the main source of irrigation for the nation’s 235 million farmers, gained momentum over the weekend, paring the seasonal rainfall deficiency and aiding the planting of rice, cotton and soybean crops.Bloomberg; AP - 571 words
-
215 2010-07-27 19 Reuters [BEIJING] A more flexible exchange rate will help China keep a lid on inflation and nip asset price bubbles in the bud, Hu Xiaolian, a deputy governor of the People’s Bank of China, said yesterday. The essay is the third by MsReuters - 215 words
-
-
Page 19 Advertisements
-
Advertisement24 2010-07-27 19 si* Lianhe Zaobao Fish in troubled water? Buyers hope to purchase flood-Mi condosat bargain prices SHS To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
-
Advertisement7 2010-07-27 19 V I \< FIRST W* iittilietttts www.r"adio91 3.com7 words
-
-
ASIA-PACIFIC/WORLD
-
Article, Illustration588 2010-07-27 20 It forecasts budget deficit this year as economy feels pain of financial crisis Bloomberg [ABU DHABI] If the palm-shaped islands and skyscrapers of Dubai came to symbolise the excesses of the economic boom in the Gulf, the less glitzy Abu Dhabi represented the sobriety. YetBloomberg; REUTERS - 588 words
-
305 2010-07-27 20 AP [MANILA] The Philippine Stock Exchange yesterday rolled out a new trading system that quickly plunged the market into disarray with wildly wrong data. It took the bourse more than three hours after the close of trading to issue the correct figure forAP - 305 words
-
Article667 2010-07-27 20 STEVE SLATER - Ferrari has taken a big hit to its reputation COMMENTARY By STEVE SLATER The writer is a race commentator on STAR Sports’ coverage of the F-1 IN THE aftermath of the German Grand Prix, Ferrari fans should be celebrating a sparkling return to form and a667 words
-
296 2010-07-27 21 Reuters [GENEVA] A World Trade Organization (WTO) panel has ruled that the European Union (EU) was wrong to impose duties on three types of electronics products from the United States, Japan and Taiwan, trade sources said yesterday. The WTO panelReuters - 296 words
-
468 2010-07-27 21 Move comes ahead of a new 9b euro loan due in Sept AFP [ATHENS] Auditors from the European Union (EU) and International Monetary Fund (IMF) began a new probe yesterday into Greek budget cuts to judge whether a new loan of nineAFP - 468 words
-
Article, Illustration847 2010-07-27 21 BP needs to mend fences with partners in US, repair its tarnished reputation AP [NEW YORK] For BP, removing Tony Hayward is just the beginning. The rumoured departure of the man who became the vilified public face of the Gulf oil spill changesAP - 847 words
-
Article, Illustration447 2010-07-27 21 He favours publicprivate partnerships in building highways Bloomberg [MANILA] Philippine President Benigno Aquino backed a “fiscal responsibility” bill to narrow the budget deficit and touted privately funded roads and railways as a way to free funds for social services. The bill will prohibitBloomberg; AFP - 447 words
-
464 2010-07-27 21 Wikileaks releases 92,000 documents dating back to 2004 AFP [WASHINGTON] A whistleblower leaked tens of thousands of secret military files on the Afghan war yesterday, documenting the deaths of innocent civilians and how Pakistan’s spy agency secretly supports the Taliban. The leaksAFP - 464 words
-
-
Page 20 Advertisements
-
Advertisement71 2010-07-27 20 1 4 8 t t 0 I L |*V I.' |f> L j I SttWL WHO'S ON TOP? cr y& \\l KEEPING TABS LFE ON n ir> DIVA HEALTH MOTORING RELAX SOSHIOK J r \'m its* rf i 1 4 i in' 41 a iKBu jrm XWWi I ■> I'll71 words
-
-
EDITORIAL & OPINION
-
526 2010-07-27 22 EDITORIAL THE “charm offensive” which the International Monetary Fund (IMF) has launched towards East Asia has attracted much comment, but precisely why are managing director Dominique Strauss-Kahn and his aides wooing the region with such assiduousness? Ostensibly, it is because the IMF feels bad526 words
-
Article, Illustration830 2010-07-27 22 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent LAUNCHING his presidential candidacy in February 2007, US Senator Barack Obama emphasised his strong opposition to the decision by President George W Bush to invade Iraq and oust Saddam Hussein. In fact, the members of the powerful830 words
-
Article, Illustration913 2010-07-27 22 NEIL BEHRMANN - Two researchers say heavy speculation has not been the cause of food price inflation NEIL BEHRMANN London Correspondent DO INVESTMENT banks, pension funds, speculators and other so-called investors in commodity markets cause food price inflation? Extra demand from any source, whether it beAFP - 913 words
-
Article, Illustration1041 2010-07-27 23 SONYA MADEIRA STAMP - More firms buying into the intrinsic value of the brand but it remains to be seen how they will tackle developed markets By SONYA MADEIRA STAMP The author is managing partner of Rice Communications (Singapore). She chaired the panel discussion entitled ‘Indian Brands: Moving upREUTERS - 1,041 words
-
Article, Illustration874 2010-07-27 23 PAUL KRUGMAN - 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 NEVER say that the gods lack a sense of humour. I bet they’re still chuckling on OlympusAFP - 874 words
-
-
AVIATION
-
Article, Illustration583 2010-07-27 24 It is operating hourly flights between the 2 cities Bloomberg [ATLANTA] For New York business travellers bound for Chicago, there’s a new shuttle in town. Opening another front in the competition for highfare corporate passengers, Delta Air Lines is operating hourly flights between New YorkBloomberg; AP - 583 words
-
285 2010-07-27 24 Minister says he’s cautiously optimistic about outcome AFP [TAIPEI] Taiwan and China have agreed to reopen talks to resolve a dispute over the number of flights between the former rival nations, a Taiwanese transport official said on Sunday. In May, the twoAFP - 285 words
-
243 2010-07-27 24 Reuters [NICOSIA] A work-to-rule protest by Greek air traffic controllers over austeritydriven reforms in their sector has disrupted hundreds of flights in and out of Cyprus. Cyprus national carrier Cyprus Airways said more than a dozen flights were cancelled yesterday and airport operatorsReuters - 243 words
-
516 2010-07-27 24 Govt to inject additional 12b rupees into loss-making carrier Bloomberg [MUMBAI] National Aviation Co of India, the state-owned parent of Air India, plans to sell new bonds to sustain the company that has never posted a profit. The Indian government will guarantee theBloomberg - 516 words
-
Article2966 2010-07-27 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 00252,966 words
-
-
Page 24 Miscellaneous
-
Miscellaneous330 2010-07-27 24 CRYPTIC CROSSWORD Across 1 Coaches dismissed one child’s father that’s obvious (11) 9 Lying about source of money accepted by copper (corrupt) (9) 10 A little grass cutter (5) 11 Lands, say, on the western side of Edinburgh (6) 12 Completely reveal entitlement (8) 13 Looking for understanding (6) 15330 words
-
-
Page 25 Advertisements
-
Advertisement24 2010-07-27 25 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES SHIPPING TIMES24 words
-
-
SHIPPING
-
3301 2010-07-27 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.3,301 words
-
661 2010-07-27 26 Boost from rising Chinese demand for iron ore will ease transport glut Bloomberg [LONDON] Profits in the commodity shipping market may go up soon as a rebound in steel and iron-ore prices signal improving Chinese demand that will ease the transport glut. ChineseBloomberg - 661 words
-
Article, Illustration238 2010-07-27 26 AFP [SYDNEY] A boat crafted from thousands of empty plastic bottles sailed into Sydney Harbour yesterday, completing an epic trans-Pacific voyage to highlight the benefits of recycling. The Plastiki catamaran, which is made from 12,500 bottles and is the brainchild of an heirAFP - 238 words
-
184 2010-07-27 26 Reuters [TEHERAN] Iran will react swiftly if its commercial shipping or aviation are subjected to inspection, President Mahmoud Ahmadinejad warned on Sunday. A UN Security Council resolution on June 9 imposed restrictions on Iranian shipping and other sectors to try to persuade TeheranReuters - 184 words
-
332 2010-07-27 26 Reuters [ROME] A team of marine archaeologists using sonar scanners have discovered four ancient shipwrecks off the tiny Italian island of Zannone, with intact cargoes of wine and oil. The remains of the trading vessels, dating from the first century BC to the 5th7th centuryReuters - 332 words
-
254 2010-07-27 26 Reuters [BEIJING] Nearly 8,000 workers and hundreds of fishing boats have managed to clean up the oil spill off the major northern Chinese port of Dalian, nine days after a pipeline blast leaked 1,500 tonnes of heavy crude into the sea. “By 6Reuters - 254 words
-
-
Page 26 Advertisements
-
Advertisement28 2010-07-27 26 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESSTIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES28 words
-
Advertisement15 2010-07-27 26 Experienced sh«*p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
-
-
SINGAPORE STOCKS
-
Article8981 2010-07-27 27 Transaction date: Jul 26 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 10.5 3148 8Telecom 18 unch 1255 18 18 18 18.5 1.7 10.1 5.8 86.2 10 6 58348,981 words
-
Article1880 2010-07-27 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 6 27.8 4.8 225 130 6222 t APStrategic 200 160 180 118.7 4 0.51,880 words
-
Article9418 2010-07-27 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 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.599/ Asian Credit Fund9,418 words
-
Article783 2010-07-27 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 $mil 124 107 6389 ABF SG Bond ETF 113 -6 1 113 113 114 119 515.8 891 710 CIMBAsean40 100US$ US891 +11 160 891 888783 words
-
Article77 2010-07-27 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 $mil 56 29 6000 AVJennings A43 41 43 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US22.5 unch ***** 23 22 22 22.577 words
-
-
FINANCE & COMMODITIES
-
374 2010-07-27 29 In local curr In S$ In US$ dy yr dy yr dy yr Jul 23 Index Change Change Change Change Change Change World Index Preliminary 804.5 0.3 -3.4 0.2 -6.9 0.2 -4.8 EAFE Preliminary 746.2 0.7 -4.9 0.5 -10.1 0.5 -8.1 Europe Preliminary 1089.7 0.1374 words
-
Article180 2010-07-27 29 Jul 26 $S Offer Bid Overnight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/16 US$ 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 12180 words
-
Article22 2010-07-27 29 Jul 26 S$ Bid Offer 1-month 1.3643 1.3655 2-months 1.3641 1.3654 3-months 1.3640 1.3653 6-months 1.3634 1.3647 Source: OCBC22 words
-
Article132 2010-07-27 29 Jul 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2150 1.2520 Can dollar 1.3120 1.3280 Euro 1.7590 1.7790 NZ dollar 0.9870 1.0090 Sterling pound 2.1000 2.1250 US dollar 1.3620 1.3780 Local dollars to 100 units of foreign132 words
-
Article27 2010-07-27 29 Jul 26 Open High Sett STI Jul 2966 SIMSCI Jul 350.7 352.1 350.6 Taiwan Jul 274.8 276.6 275.9 Source: MF Global (S) Pte. Ltd27 words
-
Article66 2010-07-27 29 Jul 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2574 2550 2577 2540 186 5150 Sep 10 2525 2491 2531 2491 3112 ***** Oct 10 2510 2473 2525 2472 9181 ***** Nov 10 2514 247066 words
-
Article421 2010-07-27 29 Jul 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.5350 0 2202 Dec10 99.4800 0 1781 Mar11 99.4000 0 2347 Jun11 99.2700 0 1981 EUROYEN TIBOR FUTURES Sep10 99.6550 0 3460 Dec10 99.6875 0 1522 Mar11 99.7025 0 1961 Jun11 99.7000 15 1599 Sep11 99.6850421 words
-
Article134 2010-07-27 29 Jul 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 316.0 Sep 10 310.5 Oct 10 303.0 Nov 10 299.0 Dec 10 299.0 Jan 11 299.0 Feb 11 299.0 Mar 11 299.0 Apr 11 299.0 May 11134 words
-
Article86 2010-07-27 29 Jul 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 28.10.2010 0.30 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.45 104.48 104.42 5-Year N*****0N 1.375 01.10.2014 102.70 7-Year N*****0Z86 words
-
Article105 2010-07-27 29 Jul 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1017.00 1016.00 1022.00 1012.00 Sep 10 991.00 990.50 997.00 986.50 Nov 10 981.50 979.50 986.75 975.75 Jan 11 989.75 987.50 995.00 983.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 39.07 38.90 39.16105 words
-
Article77 2010-07-27 29 CRUDE OIL PRODUCTS Jul 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.10 -0.31 WTI (Near Mth) 79.07 0.24 Dubai (1-Mth F) 75.26 1.75 Tapis blend 81.75 1.90 Minas 78.50 1.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.33 1.56 Jet Kerosene 88.27 2.82 US$/barrel Opec Oil77 words
-
2409 2010-07-27 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -5 5.00 46 6227 ASJ Hldgs W*****1 4 1 4 14 1.75 19 2036 Advance SCT W*****9 0.5 1 87 2817 6.002,409 words
-
Article465 2010-07-27 29 Jul 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.929 6.082 0.694 6.966 42.071 81.013 0.782 10.684 2.866 1.228 76.774 41.381 1.224 6.639 0.945 28.804 28.895 0.580 0.897 Canada 1.077 6.550465 words
-
Article85 2010-07-27 29 Jul 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
-
Article138 2010-07-27 29 Jul 26 GOLD (US$/oz) Jul 26 Jul 23 Hong Kong 1191.40 1199.10 Jul 23 Jul 22 London 1190.40 1195.55 1191.20 1196.55 Source: Thomson Reuters CAST BAR Jul 26 (S$) Selling Buying Kilobar 56,344.06 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126.26 53 5gm 358.45 263 10gm 639.86138 words
-
Article69 2010-07-27 29 Jul 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2009.75 2022.00 3 months 2030.00 2044.00 Copper, Grade A (US$/tonne) Cash 7008.00 6992.75 3 months 7029.00 7010.00 Lead (US$/tonne) Cash 1958.00 1919.50 3 months 1979.00 1940.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
-
Article154 2010-07-27 29 Jul 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2236 1.2251 0.8968 0.8971 Canadian dollar 1.3175 1.3193 0.9656 0.9661 Euro 1.7620 1.7639 1.2914 1.2917 NZ dollar 0.9967 0.9978 0.7305 0.7307 Sterling pound 2.1096 2.1120 1.5462 1.5466154 words
-
Article82 2010-07-27 29 Jul 23 COCOA (£/tonne) Close Prev High/Low Sep 10 2297 2273 2305/2254 Dec 10 2178 2157 2183/2139 Mar 11 2152 2136 2160/2121 May 11 2154 2141 2161/2126 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1710 1669 1677/1670 Sep 10 1730 1691 1736/1677 Nov 10 1744 1707 1748/1695 Jan 1182 words
-
-
PROPERTY
-
Article1234 2010-07-27 30 MONICA DAVEY - One US town is handing out city land now for future property tax revenues, reports MONICA DAVEY MONICA DAVEY NYT [BEATRICE, Nebraska] GIVE away land to make money? It hardly sounds like a prudent scheme. But in a bit of deja vu, that is exactly what thisNYT - 1,234 words
-
221 2010-07-27 30 Reuters [MUMBAI] Indian real estate firm DLF is buying out the stake held by a property unit of debt-laden Dubai World in an equal joint venture in India for about two billion rupees (S$58 million), The Economic Times reported yesterday. A unitReuters - 221 words
-
238 2010-07-27 30 Shortage of industry professionals spurs BCAA, SISV initiative THE booming construction industry over the years has created a shortage of qualified surveyors and other specialists. As such, in a release by the Building and Construction Authority (BCA), it was revealed that the BCA Academy (BCAA)238 words
-
Article, Illustration529 2010-07-27 31 Decline comes as economy chalks up quarterly growth of 1.5% Bloomberg [SEOUL] South Korea’s construction industry had its biggest annual contraction since at least 2008 in the second quarter, deepening a dilemma for policymakers faced at the same time with a sustained expansion inBloomberg; AP - 529 words
-
169 2010-07-27 31 Reuters [MADRID] Spanish mortgage lending fell in May for the third straight month after a brief rise in February as the country’s banks, five of which failed a Europe-wide stress test on Friday, continued to withhold credit. Mortgage lending for homes totalled 6.4 billionReuters - 169 words
-
Article, Illustration551 2010-07-27 32 Further decline seen as govt budget cuts bite, more putting homes on sale Bloomberg [LONDON] UK house prices fell this month for the first time in 15 months as the government’s budget squeeze curbed demand and more people tried to sellBloomberg; BLOOMBERG - 551 words
-
304 2010-07-27 32 Sale brings in HK$8b for firm, partners as demand stays strong Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd, the world’s biggest developer by market value, has sold 300 flats at an apartment project in Hong Kong’s Island South district over the pastBloomberg - 304 words
-
Article, Illustration382 2010-07-27 32 OCBC, which has owned a site at 11 Bassein Road in the Novena area since the 1940s, has teamed up with the owners of Pastoral View next door who are doing a collective sale, to sell the two properties together. Both Pastoral View,382 words
-
-
Page 30 Advertisements
-
Advertisement270 2010-07-27 30 RESIDENCES Exclusively Yours K W> 1 M"" 1 r*^ v m\ S a- m S 1 iV| m fV/) V 'V •3. S s s %Lil I >• vn» A RARE LUXURY Two exclusive 1 8th storey penthouse units Functional layout (3,200sf space on a single level 800sf roof terrace)270 words
-
Advertisement310 2010-07-27 30 Visit us at Dessert Snacks Delights City Square Mall Now till 30 Jul 2010 111.30am 8.30pm Subscribe to 1-year or 2-year of a Daily Newspaper am pick your choice of sift .2 year. .1-vear— ISubscriptioi OUT OF Subscription!* if o Sony Wireless Style Walkman® MP3 OTO Neck Snuggler NWZ-W202 OTO310 words
-
-
Page 31 Advertisements
-
Advertisement240 2010-07-27 31 Novena Site for High Rise Condo B A Subject Site •Dist. 11, Pastoral View adjoining site •Land 51,395 sf GPR 2.8 36-sty; FH •Approx.400mtoNovenaMRT,NovenaSq •Within1kmof SJIJr, 2kmofACSJr&Pri 6227 *****3 Aug 2010 (Mon), 2.30 pm, Tender Closing onr140aptsofavera 23 Aug 2010 (Mon), 2.30 pm •Potential for 140 apts of average 1,000240 words
-
Advertisement170 2010-07-27 31 RARE DALVEY ROAD RESIDENTIAL REDEVELOPMENT SITE PROPOSED STEV LT PROPERTY SHANGRI-LA HOTEL JAPAN EMBASSY B ARDMORE PARK Prominent corner location; Dalvey and Stevens Road Regular shaped site, area approximately 55,480 sq ft Potential Gross Floor Area of 49,071 sq ft Ideal for super exclusive luxurious development Quiet and tranquil surroundings170 words
-
Advertisement149 2010-07-27 31 Bank Auction Sale District 1 New Age Office Tower! 7 Strata Titled Office Units The Central Within an Office SOHO Retail Mall Development Total Strata Area: Approx 7,553 sq ft At the heart of Singapore’s Central Region Located above Clarke Quay MRT High floor with view of Marina Bay Sands149 words
-
-
Page 32 Advertisements
-
Advertisement194 2010-07-27 32 FOR SALE Major New Brisbane Office Building ew long term lease to Global Engineering Company Net Income of $A6.9million approx Building construction completed in late 2009 Significant depreciation benefits For Sale at 8.25% net initial yield Closing Date: 27 August 2010 (Fri) -5$ I iM 0 r HI ■i i':.194 words
-