The Business Times, 3 August 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, August 3,2010
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  • 924 1  -  Tie-up seeks a big slice of low-cost Asean travel market By VEN SREENIVASAN [SINGAPORE] THE regional low-cost carrier business is set to become a three-horse race now that Tiger Airways and Thai Airways have linked up to form Thai Tiger. Based at
    REUTERS  -  924 words
  • 759 1  -  SGX chief tries to bust myths on liquidity and valuations of Chinese company stocks By JAMIE LEE [SINGAPORE] STOCKS of Chinese companies listed in Singapore are more liquid than those of their peers in Hong Kong, Singapore Exchange (SGX) chief executive Magnus
    BLOOMBERG  -  759 words
  • 143 1 ST INDEX 3,025.04 (+37.34) ST INDEX FUTURES 3,003 (+36) SIMSCI 358.47 (+4.18) SIMSCI FUTURES 359.60 (+5.10) FOREX US$ S$ US$ (S$ per US$) 1.353 (US$/S$ per 1.580 2.137 EURO (US$/S$/E) 1.309 1.770 Foreign currency per US$ S$ YEN 86.70 64.10 RM 3.161 2.336 HK$ 7.764 5.738 BAHT 32.22
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  • Page 1 Advertisements
    • 157 1 HOCK LOCK SIEW DBS’ Hong Kong venture floats back into focus DONE DEALS Oxley Land unit buys stake in owner of Devonshire site SME Inc Casting its net far and wide PAGE 11 PROPERTY Park Regis hotel, Chow House sold PAGE 14 PAGE 6 PAGE 32 NARDIN LE LOCLE SUISSE
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  • TOP STORIES
    • 599 2 S-Chips swim faster, ride higher than in HK STOCKS of Chinese companies listed in Singapore are more liquid than those of their peers in Hong Kong, Singapore Exchange chief executive Magnus Bocker said yesterday. Responding to a question during SGX’s results briefing on why some S-chips seek to
      599 words
    • 404 2  -  A subsidiary of Grand Line Int’l has paid over $200m for hotel: sources By UMA SHANKARI [SINGAPORE] Ibis Singapore on Bencoolen, a three-star hotel that opened last year, has been sold for more than $200 million to a Singaporean buyer. Hospitality group Accor
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    • 310 2 LATEST US DATA Bloomberg [CHICAGO] Manufacturing in the US expanded in July at the slowest pace this year, signalling the world’s largest economy is cooling at the start of the second half. The Institute for Supply Management’s (ISM) manufacturing gauge dropped to 55.5
      Bloomberg  -  310 words
    • 894 4  -  It hopes to be the Asian name in region alongside top foreign houses By TEH HOOI LING [SINGAPORE] DBS Vickers has staked an ambitious claim to rank among the top 10, if not the top five, alongside the likes of UBS
      FILE PHOTO  -  894 words
    • 410 4  -  Deal will double its stake in $684m project to two-thirds By RONNIE LIM [SINGAPORE] Sembcorp Utilities wants to buy BP’s one-third stake in a $684 million power and utilities plant in Vietnam, lifting its own share of the project to two-thirds. This
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    • 642 4  -  Minister hints at official intervention in forex markets By ANTHONY ROWLEY JAPAN'S Finance Minister, Yoshihiko Noda, yesterday sharpened his comments on the strong yen, hinting that official intervention might be needed in foreign exchange markets if the currency continues to climb. Other options
      REUTERS  -  642 words
    • 599 4 Bloomberg [NEW YORK] Alan Greenspan, the former chairman of the Federal Reserve Board, has said the slowing economic recovery in the US feels like a “quasi-recession” and the economy might contract again if home prices decline. “We’re in a pause in a recovery, a modest
      Bloomberg  -  599 words
    • 467 4 Bloomberg [DUBAI] Research In Motion Ltd (RIM), maker of the BlackBerry smartphone, faces challenges to overseas expansion as developing countries tighten restrictions on mobile email. The United Arab Emirates, home to Middle East business hub Dubai, said on Sunday it
      Bloomberg  -  467 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 130 3 We were there when our grandparents used to hide their life savings under the bed. We were there when our parents kept their passbooks locked up in a drawer. We were there when most people did their banking in banking halls. These days, most people do their banking online. We
      130 words

  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • COMPANY NEWS
    • 645 6  -  But it raises 6-mth dividend, signalling confidence in earnings growth By CONRAD TAN OCBC Bank’s net profit rose 8 per cent to $503 million in the second quarter compared to a year ago, missing analysts’ estimates, as the group struggled to boost
      645 words
    • 323 6  -  By NISHA RAMCHANDANI SHARES in SMRT Corp slipped 12 cents or 5.4 per cent in trading to close at $2.10 yesterday, after SMRT cautioned last week that it may not be able to maintain FY2010’s profitability for the current financial year ending March 31,
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    • 411 6  -  By MICHELLE QUAH KEPPEL Corporation is boosting its presence in the Philippines, in a bid to enhance the breadth and depth of its service offerings to clients worldwide. The conglomerate said yesterday that through its subsidiary Keppel Philippines Marine, it will increase
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    • 456 6  -  It can start squeezeout proceedings in Dutch court By JOYCE HOOI AFTER several knock-out rounds and punches thrown in the US and Dutch courts, the final bell is tolling for the SembcorpCascal fight. Sembcorp Industries announced yesterday that its subsidiary Sembcorp Utilities has
      456 words
    • 678 6  -  HOCK LOCK SIEW By SIOW LI SEN DBS’ decision last Friday to take a goodwill impairment charge of $1 billion for its overpriced Hong Kong unit was not a surprise, but it brought several issues back into focus. The charge resulted in
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    • 639 7  -  Offer, at 78 S’pore cents a unit in cash, values the trust at about S$235m By CHEW XIANG HYFLUX Limited and Mitsui Co of Japan are pairing up to take Hyflux Water Trust private at 78 Singapore cents a unit in
      639 words
    • COMPANY BRIEFS
      • 59 7 ST Electronics has been awarded a $28 million contract by Invensys Rail Ltd (formerly Westinghouse Brake and Signalling Holdings Limited) for the signalling system installation on the Singapore Downtown Line (DTL). ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd. Work commences
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      • 60 7 CONSTRUCTION company Lian Beng Group has clinched a $119.5 million contract to build The Scala, a 99-year leasehold condominium development located at Serangoon Avenue 3. The contract was awarded by the Hong Leong Group. Work on the development is expected to commence in October
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      • 58 7 CHINA Angel Food Ltd, a manufacturer and distributor of confectionery and other food products, warned that the group expects to register an unaudited net loss in Q2 and H1 2010. It said it was affected by the continued decline in overall sales, the increase
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      • 71 7 Reuters SINGAPORE’S Stats ChipPAC plans to issue US$600 million of 5-year bonds this week after a series of meetings with investors, a source close to the deal said yesterday. The firm was to meet investors in Singapore starting yesterday, then in Hong Kong today
        Reuters  -  71 words
    • 695 8 A SPECIAL SERIES BROUGHTTO YOU BY SHAREINVESTOR CHINA is the 5th largest pharmaceutical market in the world in 2009 and is expected to clinch the number 3 spot by 2011 with its strong economic growth, massive population of 1.3
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    • 599 8 STARTINGwithjust1humblecranein1969,SinHengHeavy Machinery Limited has grown its crane fleet close to 90 cranes with a total lifting capacity exceeding 9,500 tons and over 200 aerial lifts. In February 2010, Sin Heng successfully listed on the SGX mainboard after accumulating more than 40 years
      599 words
    • 646 8 SETTING itself apart from its peers, Marco Polo Marine Ltd has evolved to become a leading player in the region’s marine logistic market as prospects for South East Asia, particularly Indonesia, improved with the resumption of economic growth. TheGroup’sshipcharteringbusinessprovidestugboats and barges to its customers from the
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    • 757 8 TREASURY China Trust (ticker symbol: tct) is the latest addition to a growing and impressive list of crossborder property vehicles trading out of Singapore’s stock exchange. It has proved a stand-out performer in the rough and tumble of China’s commercial real
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    • 144 9 year saw its stock sinking below its $0.25 offer price to $0.215 on its first day of trading. For most of July, its trading volume has been virtually non-existent. The other four IPOs, their launches clustered together in July, have seen better results. CCM Group, the earliest to launch in
      144 words
    • 254 9  -  It raised $21.6m, the largest haul among Catalist IPOs this year By JOYCE HOOI KREUZ Holdings might be in the subsea industry, but its initial public offering (IPO) has been far from subpar, with investors driving it to $0.44 at yesterday’s close a
      254 words
    • 381 9  -  It buys 14.99% of health product retailer Healthzone By JOYCE HOOI EU Yan Sang International is gunning for a marriage of East and West with its acquisition of a 14.99 per cent slice of Healthzone Limited, an Australian health product retailer and distributor. Eu Yan
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    • 177 9 Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 OCBC Bk 1179.00 1011.00 16.6 2621.00 2551.00 2.7 503.00 466.00 7.9 1236.00 1204.00 2.7
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    • 439 9  -  By LYNN KAN THE rough waters notwithstanding, mainboard-listed Cosco Corporation (Singapore) weathered the second quarter and first half-year with a strong topline and bottomline performance. The China-based ship repair, marine engineering and shipping group yesterday reported an 85 per cent year-on-year surge in
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    • 652 9 A SPECIAL SERIES BROUGHTTO YOU BY SHAREINVESTOR FALCON Energy Group Limited (Falcon) is listed in SGX-ST mainboard being upgraded from Catalist on 8 September 2009. Ranging from the initial exploration to production and post-production stages, Falcon provides a full spectrum of offshore support services
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    • 470 9 THEelectronicsdistributionmarketisbynomeansa sunset industry. In fact, it is an exciting one these days. All around Asia, electronics is demonstrating strong growth, and Singapore-based companiesthathaveanestablishedAsia-widenetwork and are bold enough to continue expanding around the region have found fulfilling rewards. Leading electronics and semiconductor distributor Serial System is one such
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  • Page 6 Advertisements
    • 442 6 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Stamfor esCorporationLimited (CompanyRegistrationNo:*****4416M) NOTICE OF ANNUAL GENERAL MEETING NOTICE HEREBYGIVENthatthe wenty-FirstAnnualGeneralMeeting theshareholders theCompanywillbeheldon18Augus 2010, ednesday ta t at 3.00p.m. 19Lok ang JurongSingapore*****5 transactthefollowingbusinesses:ORDINAR BUSINESS .1 1. TToo receiveandadopttheDirectors’ReportandAuditedFinancialStatementsforthefinancialyearended30April2010togeth withtheAuditors’Report thereon. Resolution .2 2. TToo approvetheproposedDirectors’fees $231,000fortheyearended30April2010.(2009:$207,000) Resolution .3 3. TToo declareandapprove finaltaxexempt(one-tier)dividend centperordinar
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 584 10  -  This comes ahead of expected Wall Street rally on earnings hopes STOCKS R SIVANITHY Senior Correspondent GIVEN the close links that all markets have with each other, it’s highly likely that yesterday’s 37.34-point rise in the Straits Times Index (STI) to a new 52-
      Source: Bloomberg  -  584 words
    • 4 10 DAILY
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    • 66 10 Aug 2 VALUE CLOSE BT OB/OS 408.00 +286.0 BT CADI -*****.00 +176.0 BT 10-day MA -*****.00 +40.00 FTSE ST Mid Cap 741.36 +9.38 FTSE ST Small Cap 551.49 +5.59 FTSE ST All Share 746.48 +9.15 FTSE ST China Top 275.89 +3.32 FTSE ST China 301.29 +1.12 FTSE
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    • 55 10 VOLUME Golden Agri 109,691,000 Kreuz 95,590,000 Genting SP 87,278,000 Rowsley 78,660,000 China Hongxing 72,776,000 Informatics 52,194,000 BerlianLaju 49,067,000 Z-Obee Hldgs 45,123,000 CapitaLand 35,570,000 MoyaDayen 30,626,000 VALUE($) CapitaLand 142,865,040 Genting SP 112,327,120 Golden Agri 64,458,215 F&N 63,015,428 DBS Grp 62,604,120 SingTel 55,524,440 Cosco Corp 47,966,550 OCBC Bk 46,657,010
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    • 186 10 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 1 2 0 0 0 14 1 2 Manufacturing 89 40 67 4 8 14 93 48 81 Commerce 29 12 22 5 0 2 34 12 24 Tpt/Stor/Comms 19 8 14
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    • BROKERS’ TAKE
      • 363 10 Aug 2 close: $1.18 DMG Partners Securities, Aug 2 STRIPPING out the $2.5 million forex loss, Broadway’s positive Q2 FY10 results were within our expectations as the company recorded sequential growth for its earnings on an operating level. On a preview on its Q3 numbers, we are expecting
        Source: Bloomberg  -  363 words
      • Article, Illustration
        514 10  -  Aug 2 close: $2.10 Citi Investment Research, July 30 Compiled by LYNETTE KHOO SMRT reported Q1 FY11 net profit of $38.2 million, slightly below Citi’s forecast of $40 million, and about 22 per cent of Citi and consensus FY11 estimates of $177 million. Management cited a challenging outlook
        Source: Bloomberg  -  514 words
    • 122 10 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 25,163 25,163 57,116 57,116 Manufacturing 354,415 28,778 383,193 255,227 5,123 260,350 Commerce 86,204 22,218 108,422 108,211 3,757 111,969 Tpt/Stor/Comms 188,870 371 189,241 283,778 57 283,835 Finance 20,548 66 20,614 180,862 8 180,870 Construction 21,759 7,092
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    • 113 10 Stock name Close Change CapMallsAsia 2.160 +0.030 CapitaLand 4.050 +0.090 CapitaMall 1.970 +0.060 CityDev 12.660 +0.560 ComfortDelGro 1.590 -0.010 DBS Grp 14.600 +0.200 F&N 5.510 +0.020 Genting SP 1.290 +0.020 Golden Agri 0.600 +0.025 HK Land 5.350 -0.010 JMH 41.600 +2.000 JSH 24.300 +0.820 Jardine C&C
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    • 477 10 CURRENCIES Reuters [NEW YORK] Fear that the US recovery is faltering drove the dollar to a three-month low against a basket of currencies yesterday and the euro broke above US$1.3125, a key technical level, to hit its highest since May. Strong earnings from European
      Reuters; BLOOMBERG  -  477 words
    • 109 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 405.7 2.5 DBXT MSAsExJp 10US$ 2916 325.9 9.0 JMH 4160 270.5 5.1 GLD 10US$ ***** 175.8 1.1 DBXT SPASX200 10US$ 2936 119.0 3.1 DBXT FTChina25 10US$ 3049 115.0 2.9 JSH 2430 110.9 3.5 DBXT MSUSA 10US$ 2618 87.9 2.5 Lyxor China
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    • 122 10 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5231 -71.7 -1.0 Lyxor India Nifty 10 1582 -28.0 -1.7 DBXT FTVietnam 10US$ 4110 -25.7 -0.5 DBXT MSINDO 10us$ 1264 -17.6 -1.0 Sinobest 10.5 -12.5 -54.3 SMRT 210 -12.0 -5.4 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.1 Cityneon 40.5 -9.0 -18.2
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    • 87 10 Where S$ stands Aug 2 CHNG YR 2010 CLOSE FR Jul 30 S$ LOW S$ HIGH US$ 1.3541 0.61 1.4219 1.3541@ Euro 1.7708 -0.03 2.0153 1.6886 Pounds 2.1444 -1.07 2.2831 2.0003 A$ 1.2337 -0.77 1.2960 1.1515 Yen* 1.5624 0.97 1.5951 1.4467 Rupiah* 0.***** 0.58 0.***** 0.***** Baht* 4.2014 0.52
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  • SINGAPORE NEWS
    • 417 11  -  Redevelopment could yield about 120 units averaging 300 sq ft each By KALPANA RASHIWALA GOLDEN Flower Group, controlled by the family of Indonesian businessman Nico Po, has sold a majority stake in the company that owns a residential site at
      417 words
    • 213 11 MORE than 300 international delegates have gathered at Biopolis to discuss the latest research on bioengineering and nanotechnology. They are in town for the fifth International Conference on Bioengineering and Nanotechnology (ICBN), a threeday event that kicked off yesterday. The conference has been organised by Singapore’s
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    • SINGAPORE ROUNDUP
      • 66 11 THE Ministry of Health has awarded Accenture a contract to implement the National Electronic Health Record (NEHR) system, through which healthcare providers can easily exchange patient records. The Accenture team includes Oracle, Orion Health, Initiate Systems and Hewlett-Packard. NEHR is set to to be up
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      • 59 11 SINGAPORE Management University undergraduate Oliver Loke, 23, has become the first Singaporean to be elected a youth member of the World Alliance of YMCAs Executive Committee since the YMCA was set up in 1902. Mr Loke, who beat 31 other international candidates for the post,
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      • 68 11 THE Singapore Youth Olympic Games Organising Committee yesterday announced the 2,400 torchbearers who will take part in the nation’s first Olympic torch relay. The relay begins with the flame arrival ceremony on Aug 6 at the National University of Singapore and ends on Aug 13 at
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    • 534 11  -  By KAREN KAREN NG EIGHT months after its listing on the Singapore mainboard, Q&M Dental Group is spreading its wings to China in a bid to develop dental operations there as a new key driver of growth. The group yesterday unveiled plans to
      534 words
    • 358 12  -  At 82%, they are also among the heaviest users of SMS in the region By LYNN KAN SINGAPOREANS aged eight to 24 years are increasingly toting mobile phones, with a survey showing that handset ownership in this group has edged up
      358 words
    • 225 12 THE National Trade Union Congress (NTUC) said yesterday that its U Care Fund has raised $11.6 million to help low-wage union members beating a $10 million target. Almost half of the money $5.18 million came from the sale of golf flights and donations at
      225 words
    • 257 12 GOVERNMENT feedback unit Reach has added more members and media practitioners to its supervisory panel. Currently, there are 18 new members in a team of 26. Among the new members are Chew V Ming, editor of Stomp; Serene Goh, editor of The Straits Times’
      257 words
    • 272 12 TO reduce fatalities related to work at height (WAH), the Workplace Safety and Health Council (WSH) announced yesterday its recommendation for a two-pronged approach. The first prong starts with a two-day course for line supervisors, priced at about $500. Rolled out since mid-Ju-ly, the
      272 words
    • 585 12 Reuters SIX former BP employees sued by the oil major for breach of contract in Singapore have applied to the court to set aside a search order that had allowed BP’s lawyers to seize their personal computers and mobile phones, court documents showed yesterday.
      Reuters  -  585 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 314 12 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, SPBA
      314 words

  • SME Inc
    • 906 13  -  There are several avenues that cost-conscious SMEs can avail themselves of to improve their service standards, reports OLIVIA HO OLIVIA HO SERVICE standards overall may be on the rise in Singapore, but industry experts say there’s a lot more that companies especially small and
      906 words
    • 236 13 Singapore Service Star (SSS) What it is: Accreditation scheme that puts members in touch with service improvement tools. Initiated by: Singapore Tourism Board Targets: Retail, F&B, nightspots (and soon to come, travel agencies) How much: Annual membership costs $400 for a retail company with
      236 words
    • 787 14  -  Qianhu CEO Kenny Yap stresses the importance of market diversification for a stable business model, reports RACHEL SIM SMALL CAPS RACHEL SIM HAVING established itself as a leading ornamental fish provider, Qianhu Corporation is now looking to cast its revenue net wider through its
      FILE PHOTO  -  787 words
    • 1020 14  -  It is important that companies are mindful of the tax risks that may arise from decisions made to carry out a particular transaction COMMENTARY By LEE TIONG HENG, YAP HSIEN YEW Lee Tiong Heng is a director of tax services, and Yap Hsien Yew a tax manager,
      BLOOMBERG  -  1,020 words
    • 968 15  -  Atlas combines superb service with an element of surprise, report DAWN HO HUI LING, DESMOND LI, and LIN YEJUN DAWN HO HUI LING, DESMOND LI, LIN YEJUN The writers are students of the NUS Business School MICHAEL Tien, chief executive officer of Atlas Sound Vision Pte Ltd,
      JOHN HENG  -  968 words
    • 845 15  -  By CHAN MEIXUAN, CHAN ZHI HUNG, LU CHUANYUE The writers are students of the NUS Business School EMERIO GlobeSoft chief executive Harish Nim may come across as stern and imposing at first, but he is a delightful man at heart with an inspiring story
      ARTHUR LEE  -  845 words
    • 255 15 Jointly brought to you by The Business Times and Singapore is akin to a father handholding his son through tribulations and celebrations. Tat Hong started in the early 1970s in the crane and heavy equipment business, just a few years after Singapore gained its independence. We braved
      255 words
  • Page 13 Advertisements
    • 100 13 Voices We are extending the deadline to last 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,
      100 words
    • 238 13 COMMENTARY Tax risk management PG m nm K lis 1 -13 lis m m HMJI li ?*r%" i: Q^ut6e<!y Above the scene, live. A coveted luxury... made infinitely practical. 'Iff ""T?.hji Pic™ HSii r ggg! Artist's .Impression VARIETY OF APARTMENT TYPES FROM 2-BEDROOMS ONWARDS 65 FREEHOLD apartments off Grange Road
      238 words

  • Page 14 Advertisements
    • 616 14 MAT3 NOTICES NI N IN THEMATTEROF THECOMPANIESACTCAP50 AND NI N IN THEMATTEROF PTSMARINEPTE. TD. (CompanyRegistrationNo.*****3368H)(InMembers’oluntarLiquidation) tA t At an Extraordinar General Meeting theMembers PTSMarinePte.Ltd.duly convenedandheld 26BoonLay #01-86 radehub 21, Singapore *****0 on26July2010 12noon,thefollowing SpecialResolutionswerepassed: RESOLVED: .1 1. ThatPTSMARINEPTE. TD.bewound up voluntarily pursuant ot o to Section 290(1)(b) theCompaniesAct.Cap50. .2 2.
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  • Page 15 Advertisements
    • 71 15 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. Atlas Sound Vision Pte Ltd and Emerio GlobeSoft Pte Ltd were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business
      71 words

  • ECONOMY WATCH
    • 870 16 Dire warnings may turn out to be self-fulfilling if they spook consumers AP [WASHINGTON] They are a minority, but a vocal one, and they are hovering like storm clouds over a brittle recovery. They are the Double Dippers: politicians, economists and analysts who foresee
      AP  -  870 words
    • 294 16 Bloomberg [WELLINGTON] New Zealand’s economy is being buoyed by exports to China and Australia that are offsetting weak consumer spending and housing demand, according to a Treasury Department report. Rising commodity prices are boosting returns from sales of cheese, butter and lumber, the
      Bloomberg  -  294 words
    • 495 16 AP [HAVANA] Cuba’s government will scale back controls on small businesses, lay off unnecessary workers and allow more self-em-ployment, President Raul Castro said on Sunday. They are significant steps in a country where the state dominates nearly every facet of the economy. He,
      AP; AFP  -  495 words
    • 324 16 AP [MANILA] The economies of the Pacific region, led by resource-rich East Timor, are projected to expand 4.3 per cent this year but inflation remains a concern, driven by high fuel and utility prices, the Asian Development Bank said yesterday. Excluding East Timor
      AP  -  324 words
  • Page 16 Advertisements
    • 822 16 WAT-3 NOTICES LOSCAMASIAPRIVTELIMITED Company Registration No: *****4502W NEWSPAPER NOTICE Notice hereby given pursuant Sections 76(10)(h) and 76(12) the CompaniesAct,Chapter50 Singapore(the CompaniesAct) that an Extraordinar GeneralMeeting LoscamAsiaPrivateLimited(the Company deemed havebeendulyconvenedandheldon29July2010,thefollowing resolutionwasdulypassedbytheCompany SpecialResolution: “SpecialResolution Financial Assistance Resolved that: (a) theprovision nancialassistance,directly indirectly bytheCompany ot o to ChinaMerchantsLoscamPtyLimitedACN*****6891, company registeredandincorporated Australia(the Borrower) ”),i
      822 words
    • 35 16 FOR CORPORATE LEASE Premium Office Towers Mohamed Sultan Road, Singapore 20,000 100,000 sq ft Premium Tower Block 4 Tower Blocks 2 Podium Blocks F&B Terrace Covered Parking Column Free Design Regular layout *****221 *****118 WWW.MSOFFICE.COM.SG
      35 words
    • 16 16 Head to CATS FASTADS in The New Paper for job opportunities! MATS BUY IT-SELL IT-FIND IT
      16 words

  • MALAYSIA/INDONESIA
    • 677 17  -  School for students aged 11-18 will occupy 50 acres and cost up to RM150m By PAULINE PAULINE NG THE United Kingdom’s Epsom College will make its debut in Malaysia in September 2012 with its first overseas campus in Bandar Enstek, Negeri Sembilan,
      FILE PHOTO  -  677 words
    • 379 17 Bloomberg [SINGAPORE] Indonesia’s inflation rate climbed to the highest level in 15 months in July, adding pressure on the central bank to join regional policymakers in raising borrowing costs to tame prices. Consumer prices rose 6.22 per cent last month from a year
      Bloomberg  -  379 words
    • BRIEFLY ASIA
      • 107 17 Reuters [JAKARTA] Indonesia has raised 128.3 trillion rupiah (S$1.94 million) from debt sales so far this year, the debt management office said yesterday. Rahmat Waluyanto, director general of debt management at the finance ministry, said the debt office had raised the equivalent of 72.08
        Reuters  -  107 words
      • 83 17 [BEIJING] China’s daily power generation rose to a record high of 13.626 billion kilowatt hours (kwh) on July 30 as a heat wave gripped large parts of the country, the National Development and Reform Commission said yesterday. Local power grid operators in Beijing
        83 words
      • 91 17 AP [BEIJING] The only grandson of China’s former leader Mao Zedong has been promoted to the rank of major general in the People’s Liberation Army, state media confirmed yesterday. Reports have been circulating for months that military historian Mao Xinyu had gained the rank, but
        AP  -  91 words
      • 99 17 Reuters [NEW DELHI] India has no plans to tax imports of wheat for now, Farm Minister Sharad Pawar told reporters yesterday. On July 16, he had said a ministerial panel would consider a proposal to levy import tax on wheat. “The proposal
        Reuters  -  99 words
      • 123 17 Reuters [MUMBAI] An Indian court has rescheduled the hearing of Vodafone’s appeal against the country’s tax department to tomorrow, an official at the Bombay High Court said yesterday. A Vodafone official confirmed that the case, which was earlier set to be heard yesterday, would
        Reuters  -  123 words
  • Page 17 Advertisements
    • 3600 17 MANDATORY UNCONDITIONAL CASH OFFER by PricewaterhouseCoopers Corporate Finance Pte Ltd (Company Registration No. *****1605H) (Incorporated in the Republic of Singapore) for and on behalf of global invacom completing the picture GLOBAL INVACOM LIMITED (Company Registration No. *****127) (Incorporated in England and Wales) to acquire all the issued and paid-up ordinary
      3,600 words

  • GREATER CHINA/INDIA
    • 668 18 Economists remain sanguine; no need for early policy shift, say govt researchers Reuters [BEIJING] Chinese manufacturing shrank in July for the first time since the global downturn in March 2009 as government steps to slow bank lending and fight property speculation hit home. An
      Reuters; AFP  -  668 words
    • 374 18 Bloomberg [NEW DELHI] India’s manufacturing growth accelerated in July, increasing pressure on the central bank to raise interest rates. The Purchasing Managers’ Index rose to 57.6 from 57.3 in June, HSBC Holdings plc and Markit Economics said in a statement yesterday. A reading above 50
      Bloomberg  -  374 words
    • 362 18 AFP [BEIJING] Chinese car maker Geely Holdings yesterday formally completed its deal to buy Sweden’s Volvo Cars from US car giant Ford at a ceremony in London, state media reported. Li Shufu, chairman of both Geely Group and Volvo Car Corporation,
      AFP; AP  -  362 words
    • 554 18 Sale to India’s Adani Enterprises may yield A$1b: report Reuters [PERTH] Linc Energy confirmed it was in talks with India’s Adani Enterprises to sell a key coal asset for a reported A$1 billion (S$1.2 billion) in what could be the largest single purchase by
      Reuters  -  554 words
    • 273 18 AFP [BEIJING] The yuan’s daily trading band is “appropriate” for the time being but could be widened in the future, a vice-governor of China’s central bank said in an interview published yesterday. The yuan is currently allowed to rise or fall by up
      AFP  -  273 words
  • Page 18 Advertisements

  • ASIA-PACIFIC/WORLD
    • 603 19 The bank set aside more than US$61 b of provisions in North America Bloomberg [LONDON] HSBC Holdings said on Sunday that net income doubled in the first half of this year as its North American unit returned to profit for the first time in
      Bloomberg  -  603 words
    • 246 19 AP [NEW YORK] All of her neighbours are gone, forced out. Now Elizabeth Sargent, the last holdout tenant of Carnegie Hall’s towers, is preparing to leave the affordable studios that for more than a century housed some of America’s most brilliant creative
      AP  -  246 words
    • 352 19 Bloomberg [BANGKOK] Thailand’s inflation accelerated in July, supporting the central bank’s view it may need to raise borrowing costs further. An index of consumer prices rose 3.4 per cent last month from a year earlier after climbing 3.3 per cent in June, the Com-
      Bloomberg  -  352 words
    • 277 19 Reuters [NEW YORK] Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market. In a response submitted to the Financial
      Reuters  -  277 words
    • 295 19 Bloomberg [LONDON] Growth in Europe’s manufacturing industry accelerated more than previously estimated in July, indicating an export-led recovery maintained its momentum. A gauge of manufacturing in the 16-nation euro region increased to 56.7 from 55.6 in the previous month, London-based Markit Economics
      Bloomberg  -  295 words
    • 530 19 Bloomberg [SYDNEY] David Jones Ltd, Australia’s second-biggest department store chain, its board and former chief executive officer Mark McInnes were sued by an employee who claims she was sexually harassed at work. Kristy Fraser-Kirk said Mr McInnes made unwelcome sexual advances toward her
      Bloomberg; AFP  -  530 words
  • Page 19 Advertisements
    • 176 19 u aW fot^ foreSeeabte W,,!S22SSi»no—future, e*V e .uiUediSSSS^ of wesstssfi-" 4 to Ttttf"tUY e We have a solution for that Through highly effective experiential learning tools and simulations, the Leadership Development Program (LDP)® is designed to challenge, motivate and empower your leaders. The LDP equips your leaders with the skills
      176 words

  • WORLD
    • 770 20 Investigators want to subpoena BP managers to decide if laws were broken Bloomberg Reuters AP [WASHINGTON] Lawyers at the US Justice Department conducting a criminal probe of oil well explosion in the Gulf of Mexico have recommended that a grand
      Bloomberg; Reuters; AP; REUTERS  -  770 words
    • 699 20  -  In terms of danger, Schumacher takes the crown in Hungary COMMENTARY By STEVE SLATER The writer is an F1 race commentator on STAR Sports’ coverage of the Formula One THE Australian’s victory in the Hungarian Grand Prix could be deemed by some as fortuitous,
      AFP  -  699 words
    • 605 20 Bloomberg [BRUSSELS] Europe’s financial crisis is making drugmakers such as Johnson Johnson, Sanofi-Aventis SA and Merck Co lower forecasts and reduce spending, adding pressure on the companies which are already squeezed by generic competition. Germany, Greece and Spain have cut or
      Bloomberg  -  605 words
    • 604 20 Tumblr a new spin in the flurry of social media NYT [NEW YORK] By now, plenty of traditional media companies have hopped on the social media bandwagon, pumping out news updates on Facebook and Twitter. But do those companies have the time and resources to work yet another Web outlet
      NYT  -  604 words
    • 309 20 Bloomberg [LONDON] Banks in Europe’s most indebted nations need to refinance US$122 billion of bonds this year, likely paying high interest costs even after receiving a clean bill of health from regulators. Italy’s Intesa Sanpaolo SpA has the most debt coming due at US$28
      Bloomberg  -  309 words

  • AVIATION
    • 705 21 Move comes as rival Boeing also looks at production hike to meet demand surge Reuters [PARIS] Planemaker Airbus dusted off plans to increase output of its most popular jetliners after a stream of new orders brought fresh signs of a dying recession. Friday’s
      Reuters; BLOOMBERG  -  705 words
    • 213 21 Bloomberg [HONG KONG] AviChina Industry Technology Co said units controlled by the company and its parent plan to set up a 1.2 billion yuan (S$240 million) venture with companies including Jiangxi Copper Co’s parent to develop, produce and sell aircraft parts, provide aviation
      Bloomberg  -  213 words
    • 215 21 Bloomberg [MANILA] Philippine Airlines, the nation’s largest carrier, said it may miss its goal of returning to profit this fiscal year after the resignation of pilots forced the cancellation of at least 22 flights. “We may have to revise this
      Bloomberg  -  215 words
    • 2982 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 0025
      2,982 words
    • 342 21 Asia’s low-cost rivals get lift from Japan’s open skies deals Reuters [TOKYO] Japan’s All Nippon Airways plans to seek investment from overseas airlines and investment funds to help set up a low-cost carrier (LCC) which it aims to launch as early as
      Reuters; BLOOMBERG FILE PHOTO  -  342 words
    • 178 21 AP [MEXICO CITY] More than 500 pilots and flight attendants with financially troubled Mexicana de Aviacion staged a demonstration inside Mexico City’s airport on Sunday to protest possible layoffs or salary reductions. Pilots and attendants chanting “Inept businessmen, enough!” marched by Mexicana’s counter holding
      AP  -  178 words
  • Page 21 Miscellaneous
    • 322 21 CRYPTIC CROSSWORD Across 1 Pays for time sick, resulting in deadlock (10) 6 Worker given cards (4) 9 Places where people look to clean suit? (5,5) 10 The jumper from a fairy’s back? (4) 12 Delighted journalist after rejecting story (6) 13 Ceasefire caught out unhappy supporter (4,4) 15 Could
      322 words

  • Page 22 Advertisements
    • 37 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 d 1327 THE BUSINESS TIMES I nc uu jiivlj.J i IIVICJ SHIPPING TIMES
      37 words
  • SHIPPING
    • 3317 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.
      3,317 words
    • 486 23 But Hambantota port will handle oil bunkering itself: port authority chief Reuters [HAMBANTOTA, Sri Lanka] Sri Lanka on Sunday said it would invite outside investors into its US$1.5 billion Hambantota port project, the keystone of a US$6 billion post-war infrastructure revitalisation drive. The invitation for
      Reuters; REUTERS  -  486 words
    • 433 23 AFP [BRUSSELS] Somali pirates seized yesterday a Panamanian freighter with 23 crew from Egypt, India, Pakistan and Sri Lanka in the Gulf of Aden, European anti-pira-cy forces said. Early in the morning, the freighter indicated it was captured “under small arms fire from a pirate
      AFP  -  433 words
    • 245 23 Bernama [KUALA LUMPUR] Westports Malaysia, Port Klang’s leading terminal, and Orient Overseas Container Line (OOCL) have jointly launched the KTX3 Service, which provides fast connectivity to Japan for Malaysian shippers. The KTX3 service on the Intra-Asia trade now connects Westports with direct weekly
      Bernama  -  245 words
    • 136 23 Bloomberg [LONDON] The number of supertankers competing to haul 2 million-barrel cargoes of Middle East crude oil climbed to a record, Imarex ASA said. Ninety-three very large crude carriers, or VLCCs, are available for hire over the next four weeks, exceeding the previous record
      Bloomberg  -  136 words
    • 222 23  -  It will deliver units for use onboard deepwater drillship By JOYCE HOOI LOCAL oil services firm OEG Asia-Pacific PTE and its United Kingdom-based sister company OEG Offshore (OEG) have clinched a US$600,000 contract with offshore deepwater drilling heavyweight Seadrill. The project will involve
      222 words
    • 278 23 SGX '000 Aug 2 S$ +/-Vol CH Offshore 0.55 unch 1377 Chuan Hup Hldg 0.26 unch 105 Cosco Corp 1.68 0.04 ***** CWT Ltd 0.99 0.06 7117 Ezra Hldgs 2.03 0.03 5237 First Ship Lea 0.42 0.01 567 Freight Links 0.06 unch 811 Grand Banks unch unch 0
      278 words


  • EDITORIAL & OPINION
    • 489 24 EDITORIAL A DAY after tens of thousands of mostly raw military reports about the war in Afghanistan were released by the WikiLeaks organisation, the US Congress moved ahead to approve US$59 billion to pay for troop increase in Afghanistan. To paraphrase an old Middle Eastern
      489 words
    • 736 24  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent WHEN she gets back to work in September, the European Union’s foreign policy chief Catherine Ashton must take a quick decision on naming top officials in the bloc’s new diplomatic service and then hammer
      736 words
    • 1032 24  -  There are stark differences in monetary policies being pursued around the globe GERARD LYONS The writer is Head of Global Research and Chief Economist at Standard Chartered Bank THE global economy is currently a tale of two worlds. A buoyant East contrasts with
      AP  -  1,032 words
    • 1596 25  -  Ozawa’s emergence from limbo in DPJ polls is among scenarios that may bring some life and vision back into politics ANTHONY ROWLEY Tokyo Correspondent JAPAN’S political revolution is looking rather like a hot-air balloon that took a long time to inflate. Yet
      REUTERS  -  1,596 words
    • 737 25  -  fcS REUTERS BREAKINGVIEWS By JOHN FOLEY FOR China, July could be called “the month of five symbols”. The demographic, financial and monetary milestones give insight into the future of the world’s third-biggest economy. With them in mind, investors might want to think five times
      AP  -  737 words
    • 170 25  -  LETTERS TO THE EDITOR Ms Ethel Tan Company Secretary Singapore Airlines Ltd WE refer to the Letter to the Editor by Mr Denis Distant “SIA, let shareholders have printed annual reports” (BT, July 30). We thank Mr Distant for his feedback and would
      170 words
    • 195 25  -  Loh Pin Chuan Public and Government Affairs Manager ExxonMobil Asia Pacific Pte Ltd WE refer to the commentary “World to cook because of greed and cowardice” by Paul Krugman (BT, July 27), in which ExxonMobil was said to have spent “tens of millions of dollars promoting climate-change
      195 words


  • SINGAPORE STOCKS
    • 9013 26 Transaction date: Aug 2 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 11 3148 8Telecom 18 unch 330 18 18 18 18.5 1.7 10.1 5.8 86.2 10 6 5834
      9,013 words
    • 1888 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 198 -4 12 198 162 175
      1,888 words
    • 9416 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.595/ Asian Credit Fund
      9,416 words
    • 816 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 $mil 124 107 6389 ABF SG Bond ETF 114 113.5 115 520.4 913 710 CIMBAsean40 100US$ US913 +11 23 913 913 908 912 36.5 306
      816 words
    • 74 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 $mil 56 30 6000 AVJennings A43 41.5 45.5 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US26.5 +1 ***** 26.5 25 26 26.5
      74 words


  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 30 Index Change Change Change Change Change Change World Index Preliminary 807.3 -0.4 -3.0 -0.6 -6.9 -0.4 -3.8 EAFE Preliminary 747.4 -0.8 -4.8 -0.9 -9.6 -0.7 -6.7 Europe Preliminary 1087.6 -0.6
      374 words
    • 177 28 Aug 2 $S Offer Bid Overnight 0.01 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.40 0.30 1 month 0.55 0.35 2 months 0.60 0.40 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.05 0.85 12
      177 words
    • 22 28 Aug 2 S$ Bid Offer 1-month 1.3523 1.3535 2-months 1.3522 1.3534 3-months 1.3521 1.3533 6-months 1.3515 1.3528 Source: OCBC
      22 words
    • 128 28 Aug 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 324.0 Oct 10 315.0 Nov 10 313.0 Dec 10 312.0 Jan 11 312.5 Feb 11 312.5 Mar 11 312.5 Apr 11 313.0 May 11 313.0 Jun 11
      128 words
    • 86 28 Aug 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04.11.2010 0.29 0.29 0.29 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 104.41 5-Year N*****0N 1.375 01.10.2014 103.12 7-Year N*****0Z
      86 words
    • 105 28 Jul 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1052.50 1026.75 1054.75 1026.25 Sep 10 1012.00 992.75 1015.00 992.50 Nov 10 1005.00 988.00 1007.00 987.50 Jan 11 1011.00 995.50 1013.00 995.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 39.83 39.27 39.82
      105 words
    • 77 28 CRUDE OIL PRODUCTS Jul 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.23 -0.06 WTI (Near Mth) 78.98 0.61 Dubai (1-Mth F) 74.54 0.37 Tapis blend 81.20 0.70 Minas 77.95 0.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.77 0.02 Jet Kerosene 87.28 0.67 US$/barrel Opec Oil
      77 words
    • 2357 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -4 4.95 45 6227 ASJ Hldgs W*****1 4 1 4 14 1.75 18 2036 Advance SCT Ltd W*****9 0.5 1 87 2400
      2,357 words
    • 132 28 Aug 2 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2220 1.2580 Can dollar 1.3120 1.3280 Euro 1.7630 1.7830 NZ dollar 0.9810 1.0020 Sterling pound 2.1200 2.1440 US dollar 1.3480 1.3640 Local dollars to 100 units of foreign
      132 words
    • 29 28 Aug 2 Open High Sett STI Aug 2994 2994 3003 SIMSCI Aug 350.8 357.0 356.6 Taiwan Aug 272.6 280.7 279.3 Source: MF Global (S) Pte. Ltd
      29 words
    • 66 28 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2620 2648 2650 2620 180 3164 Sep 10 2572 2600 2610 2572 2199 ***** Oct 10 2549 2570 2583 2545 9462 ***** Nov 10 2548 2570
      66 words
    • 418 28 Aug 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.5950 0 1499 Dec10 99.5550 0 3172 Mar11 99.4800 0 2051 Jun11 99.3650 0 2131 EUROYEN TIBOR FUTURES Sep10 99.6475 99.6550 99.6475 99.6550 700 3656 Dec10 99.6950 99.6950 99.6950 99.6900 201 1591 Mar11 99.7025 0 2043
      418 words
    • 465 28 Aug 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.933 6.181 0.697 7.084 42.126 81.619 0.791 10.702 2.884 1.245 78.252 41.341 1.234 6.624 0.955 28.996 29.393 0.578 0.912 Canada 1.072 6.623
      465 words
    • 85 28 Aug 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 28 Aug 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2338 1.2352 0.9123 0.9125 Canadian dollar 1.3221 1.3236 0.9776 0.9778 Euro 1.7693 1.7716 1.3083 1.3088 NZ dollar 0.9908 0.9921 0.7326 0.7329 Sterling pound 2.1360 2.1381 1.5794 1.5796
      154 words
    • 138 28 Aug 2 GOLD (US$/oz) Jul 30 Aug 02 Hong Kong 1169.00 1183.60 Jul 29 Jul 30 London 1164.00 1175.10 1164.50 1175.85 Source: Thomson Reuters CAST BAR Aug 02 (S$) Selling Buying Kilobar 55,524.44 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 124.12 52 5gm 353.1 259 10gm 630.23
      138 words
    • 71 28 Jul 30 Jul 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2162.75 2076.25 3 months 2175.00 2093.00 Copper, Grade A (US$/tonne) Cash 7273.50 7208.25 3 months 7296.50 7230.50 Lead (US$/tonne) Cash 2054.50 2027.50 3 months 2077.50 2050.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 82 28 Jul 30 COCOA (£/tonne) Close Prev High/Low Sep 10 2273 2286 2309/2273 Dec 10 2185 2197 2219/2181 Mar 11 2164 2179 2200/2157 May 11 2174 2185 2204/2168 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1741 unch 1750/1739 Sep 10 1810 1747 1813/1740 Nov 10 1829 1765 1832/1760 Jan 11
      82 words

  • PROPERTY
    • 489 29 Dip is the first in 16 months as recovery persuades more owners to sell Bloomberg [LONDON] Luxury-home prices in central London declined in July for the first time in 16 months as the recovery persuaded more owners to sell, broker Knight Frank LLP said.
      Bloomberg  -  489 words
    • 755 29 Widely diversified Media Prima to optimise its assets Ta J?!2 Stock Malaysia A special series brought to you by Bursa Malaysia and ShareInvestor Shifting demographics and lifestyles mean different things to different people. To Media Prima, it means increasing advertising spend, especially in the Malay media which
      755 words
    • 175 29 Bloomberg [WELLINGTON] Fewer New Zealanders want to sell their homes and the average asking price is falling as the property market slows, according to an industry website. The number of properties listed for sale fell 2.3 per cent in July from June, according
      Bloomberg; BLOOMBERG  -  175 words
    • 890 30 Top state-owned banks may be sitting on enormous unreported debt NYT [WUHU] The Anhui Salt Industry Corp is a state-owned company that has 11,000 employees, access to government salt mines and a Communist Party boss. Now it has swaggered into a
      NYT; AFP  -  890 words
    • 339 31 Trio of ex-Morgan Stanley veterans set up GreenOak Real Estate Reuters [LONDON] Three of the world’s most accomplished real estate bankers John Carrafiell, Sonny Kalsi and Fred Schmidt have launched a new investment and advisory firm as the pace of restructuring in the property sector
      Reuters  -  339 words
    • 246 31 Reuters [LONDON] British Land and joint venture partner Blackstone confirmed plans yesterday to develop a new 700,000 square foot UK headquarters for UBS at the Broadgate Estate in the City of London. The banks agreed to rent the bespoke-built property, to be developed
      Reuters; BLOOMBERG  -  246 words
    • 586 32  -  50 per cent stake in retail portion of Malacca Centre in Raffles Place also transacted By KALPANA RASHIWALA INVESTMENT sales of property have been gathering momentum in the private sector, with several deals inked recently. They include the Park Regis hotel at New Market
      FILE PHOTO  -  586 words
    • 306 32 It has an indicative price tag of $171m to $175m BALMORAL Condominium, located in the prime District 10 area, has been put up for sale by tender with an indicative price tag of $171 million to $175 million, or about $1,866 to
      306 words
  • Page 29 Advertisements
    • 340 29 PRIME FREEHOLD RESIDENTIAL REDEVELOPMENT SITE FOR SALE Balmoral Condominium Singapore Chinese Girls' Sch O (J Anglo-Chinese Sch (Pri) Bu Kit T/ Balmoral Plaza '*Ay R o. Sloane Court Hotel o <\T" The Pines qi Club SUBJECT I SITE <? o o #00 NEWTON Newton Food Centre o .0 Raffles Girls'
      340 words
    • 173 29 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. Undoubtedly, SPBA is an
      173 words

  • Page 30 Advertisements
    • 362 30 central PRIME OFFICE SPACES FOR LEASE IHi i ■tit* 1 Sizes available from 2,594 sq ft to single floor of 13,337 sq ft Above Clarke Quay MRT Station Panoramic views of the Singapore River and Marina Bay IR 1 Gymnasium and pool facilities available For leasing enquiries, please call: *****433
      362 words
    • 226 30 FOR SALE BY EXPRESSIONS OF INTEREST la. Under instructions from the Receivers and Managers, Chris Campbell, John Greig and Nicholas Harwood of Deloitte. Noosa 94 NOOSA DRIVE, NOOSA HEADS, QUEENSLAND, AUSTRALI) m Hastings Street 'ar < m. w m m Ho ft": > -t wra x&Smpv. r --*r m 5*
      226 words

  • Page 31 Advertisements
    • 347 31 Prime Freehold Sites At Lornie Road Geylang Road (1) Site for Landed Housing at Lornie Road Site area 2,719.4 sm (29,271 sf) Exclusive District 11 residential enclave Planning approval granted for 2-storey semi-detached housing Near Raffles Institution, SJI International School and Marymount Convent Close to MacRitchie Reservoir, Singapore Island Country
      347 words

  • Page 32 Advertisements
    • 511 32 y<r MAKE YOUR MARK WITH THE RIGHT MIX OF ASSETS Even in uncertain times, there can be exceptional opportunities if investors pick the right asset classes and stay invested. The United G Strategic Fund (the "Fund") offers you the opportunity to invest in a portfolio comprising primarily of exchange-traded funds
      511 words
    • 23 32 I_[FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. 3
      23 words