The Business Times, 13 August 2010

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Microfilm: NL30857
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, August 13,2010
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  • Article, Illustration
    Lock icon Genting S’pore gets a billion reasons to smile
    661 1  -  Q2 revenue rockets and profit hits S$397m as RWS churns out the cash BY ARTHUR SIM [SINGAPORE] The numbers are startling and the contrast with last year even more so. Genting Singapore (GENS) has raked in almost S$1 billion in revenue for
    FILE PHOTO  -  661 words
  • Article
    Lock icon Heavy-duty US law sits hard on banks, funds
    905 1  -  Rules aimed at tax-dodgers will place huge burden on foreign financial institutions By GENEVIEVE CUA [SINGAPORE] Banks outside the United States already tread carefully when it comes to taking on US citizens or green card holders (permanent residents) as depositors, in the
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  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 2,927.04 (-22.22) ST INDEX FUTURES 2,916 (-22) SIMSCI 344.53 (-2.81) SIMSCI FUTURES 341.90 (-3.60) FOREX US$ S$ US$ (S$ per US$) 1.361 (US$/S$ per 1.570 2.136 EURO (US$/S$/E) 1.292 1.758 Foreign currency per US$ S$ YEN 85.70 63.00 RM 3.179 2.336 HK$ 7.767 5.708 BAHT 31.94
    140 words
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      105 1 EXECUTIVE LIFESTYLE Singapore’s burgeoning festival scene PAGE 29 FESTIVALS AROUND THE WORLD Bright colours in an old city PAGE 34 BOOKS Updating the Getting Things Done system PAGE 33 PROPERTY Jurong EC tender tale with a twist PAGE HUBLOT GENEVE I V W m th w m $e "TT 1*39
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      582 2 Heavy-duty US law sits hard on banks, funds BANKS outside the United States already tread carefully when it comes to taking on US citizens or green card holders (permanent residents) as depositors, in the wake of the American crackdown on tax evasion. But new laws passed earlier this
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    • Article
      Lock icon Jurong EC tender tale with a twist – and no bids
      577 2  - Jurong EC tender tale with a twist and no bids Site’s remoteness, supply of govt land in the pipeline cited for poor response By EMILYN YAP [SINGAPORE] The tender for an executive condominium (EC) site at Jurong West drew gasps of astonishment from market watchers when it closed yesterday not
      577 words
    • Article
      Lock icon Sands, law association settle dispute
      457 2  -  By GRACE LEONG [SINGAPORE] After four months of legal wrangling, Marina Bay Sands (MBS), a Singapore unit of Las Vegas Sands Corp, and its first convention user, a law association, reached an “amicable” settlement under undisclosed terms. Terms of the settlement were “satisfactory”, according to
      457 words
    • Article, Illustration
      Lock icon SingTel Q1 profit down 0.2% to $943m
      569 4  -  Weak contributions from regional units Bharti, Telkomsel, Globe hit results Reports by WINSTON CHAI [SINGAPORE] Singapore Telecommunications’ net profit for the first quarter of its financial year came in flat, as improvements by its units in Singapore and Australia were negated by the
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    • Article
      Lock icon mio TV rings in sales of $14m in Q1
      277 4 AFTER struggling to make a dent for more than three years, SingTel’s fledgling pay-television service appears to have finally stepped into the big league. For the three months ended June 30, the company’s mio TV offering raked in sales of $14
      277 words
    • Article
      Lock icon HSA balm soothes Haw Par’s American pain
      402 4  -  By TEH SHI NING [SINGAPORE] The Republic’s Health Sciences Authority (HSA) yesterday backed Haw Par Corporation, saying that its healthcare products are safe for use. But manufacturers should ensure their products comply with the relevant regulatory require- ments if they intend to market
      402 words
    • Article
      Lock icon CityDev unveils $300m China push
      563 4  -  By UMA SHANKARI [SINGAPORE] City Developments Limited (CDL), which now gets most of its income from Singapore, has set up a new unit with some $300 million on hand to build up its presence in China. The fully-owned subsidiary, CDL China Limited, will target all
      563 words
    • Article, Illustration
      Lock icon Forex markets tense as threat of BOJ intervention looms
      519 4  -  By ANTHONY ROWLEY YESTERDAY was a day of drama in foreign exchange markets as dealers braced for official intervention by the Bank of Japan (BOJ) after Prime Minister Naoto Kan termed the yen’s recent surge “rough” and as officials of the
      REUTERS  -  519 words
    • Article
      Lock icon AIG solicits big investors for AIA stakes: FT
      206 4 Reuters [NEW YORK] American International Group Inc (AIG) has approached some of the world’s biggest investors about taking stakes in its Asian life insurance business AIA, the Financial Times said on Wednesday, citing people familiar with the matter. AIG may place as
      Reuters  -  206 words
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      177 2 E v 1 mm W servcorp.com.sg Or Google "Servcorp' r >' *>? World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call
      177 words
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      212 2 Breakthrough knee and back pain treatm Now available in Singapore For 15 years Abu Thahir has not enjoyed sports due to pain and instability in his knees. After just 3 months of AposTherapy, he was back at the gym and playing sports with no swelling or pain. Abu Thahir used
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      66 3 THE TRUNK-MAKER AND THE "S" LOCK The beauty of rivets hammered home at regular intervals by a hand as precise as a metronome. The deft cutting of a Monogram border for hinges and locks. The motions that create a trunk today are the same as those of the past. Marvel
      66 words
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      362 5 The superlatives are aplenty. But a test drive will leave you speechl Unlike any car you've seen before, the All New XJ is the most aerodynamic Jaguar ever. It is powerful, seductive and confident with a spacious cabin that ushers in a whole new world of comfort and luxury. While
      362 words
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  • COMPANY NEWS
    • Article
      Lock icon CDL reports 18% hike in Q2 earnings
      407 6  -  Net income rises to $164.6m as economic recovery boosts demand for homes, office space By UMA SHANKARI CITY Developments Limited (CDL), Singapore’s sec-ond-largest property company, posted an 18 per cent increase in sec-ond-quarter net profit as economic recovery boosted demand for its homes
      407 words
    • COMPANY BRIEFS
      • Article
        Lock icon Delong Q2 earnings jump three-fold
        44 6 DELONG Holdings’ second-quarter net profit jumped more than three-fold to 124.65 million yuan (S$25 million) from 34.9 million yuan as it sold more hot rolled coils and at higher prices. Revenue rose 29.1 per cent to 2.44 billion yuan.
        44 words
      • Article
        Lock icon Cosco S’pore bags orders worth US$48m
        30 6 COSCO Corporation (Singapore) said one of its yards has secured contracts valued over US$48 million to build two bulk carriers of 35,000 dwt each.
        30 words
      • Article
        Lock icon SMX gets MAS nod to start trading
        29 6 SINGAPORE Mercantile Exchange has obtained final approval from the central bank to operate a commodities and currency derivatives exchange in Singapore. Reuters
        29 words
      • Article
        Lock icon Metal Component to issue new shares
        41 6 METAL Component Engineering has proposed an issue of 30 million new ordinary shares at a subscription price of seven cents each. Cal-Comp Electronics Thailand has agreed to subscribe for all the shares for $2.1 million.
        41 words
    • Article
      Lock icon Sembcorp’s Q2 net up 13.6% to $161m
      415 6  -  By JOYCE HOOI SEMBCORP Industries posted a 13.6 per cent increase in its second quarter net profit, from $141.9 million to $161.2 million, driven by the bottom line for its marine business sector. The group’s revenue for the same period fell 12.2 per
      415 words
    • Article
      Lock icon PPLH’s Anthony Aurol out of PPL Shipyard’s board
      222 6  -  JOYCE HOOI SEMBCORP Marine said yesterday that PPL Holdings (PPLH) has failed in its bid to reinstate Anthony Aurol as director and executive director of PPL Shipyard Pte Ltd (PPLS). The High Court also rejected PPLH’s request to stop circular resolutions at
      222 words
    • Article, Illustration
      Lock icon Parkway Q2 profit slips 9% to $36.78m
      570 6  -  By NISHA RAMCHANDANI PARKWAY Holdings saw net profit slide 9 per cent year on year to $36.78 million for the second quarter ended June 30, 2010. However, excluding exceptional items (net of tax), net profit rose 25 per cent to $37.5 million. In
      570 words
    • Article
      Lock icon Why did Haw Par keep mum?
      728 6  -  HOCK LOCK SIEW By WONG WEI KONG TIGER Balm maker Haw Par Corporation, already facing tough questioning from the US Food and Drug Administration (FDA), should also be put under scrutiny for its lack of disclosure of the whole affair. It was revealed earlier
      728 words
    • Article
      Lock icon CAOS still keen on working ties with BP
      636 8  -  No indication from BP S’pore about selling its stake in CAOS: chairman By RONNIE LIM DESPITE its China principals now assuming greater leadership at China Aviation Oil Singapore (CAOS), the jet fuel supplier/oil trader is still keen to maintain a working relationship
      636 words
    • Article, Illustration
      Lock icon Profit surge sees dividend from Soilbuild
      349 8  -  Q2 gain up 66% to $33m despite revenue slipping 24% to $74m By EMILYN YAP SOILBUILD Group yesterday posted higher earnings for the second quarter ended June 30 and declared its first dividend. Net profit was $32.7 million up 66 per cent from a
      349 words
    • Article, Illustration
      Lock icon Noble Group’s Q2 profit tumbles 65%
      432 11  -  Plunge comes even as group’s sales surge 80 per cent to US$12.9 billion By FELDA CHAY COMMODITIES supply chain manager Noble Group’s earnings for the second quarter tumbled 65 per cent from a year ago which saw a US$154 million one-time gain from the
      FILE PHOTO  -  432 words
    • Article
      Lock icon Fair-value changes dent Indofood Q2 gain
      447 11  -  By FELDA CHAY AS a result of substantially lower gains from fair-value changes of its biological assets and net foreign exchange, Indofood Agri Resources Ltd found itself with a 65.5 per cent plunge in second-quarter net profit to 235.4 billion rupiah (S$36 million). The
      447 words
    • Article
      Lock icon Kingsmen Creatives Q2 profit up 30.2% to $4.6m
      418 11  -  By VEN SREENIVASAN DESIGN group Kingsmen Creatives chalked up a 30.2 per cent rise in sec-ond-quarter profit to $4.6 million as it booked in higher contributions from its exhibitions and museums and interiors divisions. With the latest results boosting its first-half earnings
      418 words
    • Article
      Lock icon Petra Foods Q2 earnings rise 58% to US$9.6m
      295 11  -  By KAREN NG PETRA Foods yesterday reported a 58.4 per cent year-on-year surge in sec-ond-quarter net profit to US$9.6 million, from US$6.1 million a year back. The manufacturer and supplier of cocoa ingredients and branded consumer confectionery products attributed the improvement to
      295 words
    • Article
      Lock icon Boustead rides to the rescue of TT Int’l’s project
      593 12  -  It’s pumping $150m to revive stalled Big Box project in Jurong East By VEN SREENIVASAN MAINBOARD-LISTED conglomerate Boustead Singapore has emerged as a “white knight” to rescue troubled TT International’s stalled Big Box project in Jurong East and facilitate a financial
      593 words
    • Article
      Lock icon At a glance
      323 12 6-month and Q2 results ended June 2010 6 months ended June 2010 3 months ended June 2010 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 Semb Corp Ind 320.06 275.55 16.2 4,541.62 4,578.09 -0.8 161.25 141.91 13.6 2,135.35 2,431.35 -12.2 2 CityDev
      323 words
    • Article
      Lock icon Boustead’s Q1 earnings more than triples
      447 12  -  By VEN SREENIVASAN MAINBOARD-LISTED Boustead Singapore more than tripled its quarterly earnings during its April-June first quarter, thanks to strong contributions from all its four main businesses and revenue recognition from the sale of a major commercial-industrial complex. Net profit surged 237 per cent
      447 words
    • Article
      Lock icon Heng Long’s Q2 net profit more than doubles on rising sales
      313 12  -  By RACHEL SIM HENG Long International Limited’s net profit more than doubled to $1.06 million in the second quarter ended 30 June. The 173.5 per cent boost in net profit from $389,000 a year earlier came on the back
      313 words
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      528 6 ALLGREEN PROPERTIES LIMITED Company Registration No.: *****1009N (Incorporated in the Republic of Singapore) The Board of Directors wishes to announce the following unaudited results of the Group for the period ended 30 June 2010. 1 CONSOLIDATED INCOME STATEMENT FOR THE PERIOD ENDED 30 JUNE 2010: 2010 2009 S$'000 S$'000 Turnover
      528 words
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      888 7 Advertising Feature Discover The Luxury of Space Amidst The Natural Rainforest At The Flamingo Valley y n m I J m r1 r -p iJJjBII (III! I I J m ,II im H m V"'" mm mm. &SKI <■& m i;Sss By sensitively marrying the architecture into the natural tropical
      888 words
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      1490 8 (Incorporated in Bermuda with limited liability) Interim Results 2010 Dear Shareholders (unaudited) (unaudited) Six months ended Three months ended 30 June 2010 30 June 2009 30 June 2010 30 June 2009 SGD~000 SGD~000 SGD~000 SGD~000 The Board of Directors of Noble Group Limited presents below the unaudited consolidated financial results
      1,490 words
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      25 8 [AuthenticBalinese Villa @JEast Coast 5,000 on 7,000 sqjt-garden '.-Balinese lifestyle for $15,000 per month JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg
      25 words
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      197 9 For more information please visit www.porsche.com.sg Now with a V6 engine to drive your rational side wild. The new Panamera. Starting from SGD 279,888* to the limits you set. Controlled irrationality: the 3.6-litre V6 naturally aspirated engine of the new Panamera and Panamera 4 comes with Direct Fuel Injection (DFI)
      197 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI sheds almost 100 pts in 8 days
      614 10  -  Index yesterday posts fourth straight loss of 22 pts, albeit lower than the 32 pts at intra-day low STOCKS R SIVANITHY Senior Correspondent NOTunexpectedly,some of the selling pressure seen over the past few days eased in the second half of yesterday’s session
      Source: Bloomberg  -  614 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 Aug 12 VALUE CLOSE BT OB/OS -273.00-148.00 BT CADI -*****.00 -89.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 715.09 -6.35 FTSE ST Small Cap 536.26 -2.85 FTSE ST All Share 722.15 -5.53 FTSE ST China Top 267.37 -1.83 FTSE ST China 297.00 -2.75 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 10 VOLUME Adventus 198,253,000 Enzer 115,606,000 Equation 111,930,000 Genting SP 111,120,000 CarrierNet 84,439,000 Spice i2i R 64,525,000 Informatics 63,740,000 Golden Agri 61,578,000 MAP Tech 56,066,000 Linair 50,971,000 VALUE($) Genting SP 141,890,760 UOB 79,166,700 SingTel 75,249,465 DBS Grp 64,226,960 NOL 60,439,370 Noble Grp 56,980,950 CapitaLand 52,911,500 OCBC Bk 46,024,020
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 9 1 0 0 0 6 9 1 Manufacturing 53 74 70 15 4 14 68 78 84 Commerce 12 23 27 2 5 3 14 28 30 Tpt/Stor/Comms 8 18 15
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Golden Agri-Resources
        485 10 Agri-Resources Aug 12 close: S$0.575 Phillip Securities Research, Aug 12 H1 2010 revenue has increased by 38 per cent y-o-y to US$1.35 billion from US$978 million in H1 2009. Q2 2010 revenue has increased by 28 per cent y-o-y to US$726 million from US$566 million. Net profit for
        Source: Bloomberg  -  485 words
      • Article
        Lock icon Yanlord Land Group
        516 10  -  Aug 12 close: S$1.78 CIMB Research, Aug 12 Compiled by JOYCE HOOI Q1 2010 core net profit of S$103 million (up 13 per cent y-o-y) met consensus and our expectations, taking H1 2010 core earnings to S$125.9 million, or 38 per cent of our FY2010 estimate. We
        516 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,829 36,829 72,935 72,935 Manufacturing 388,318 325,325 713,643 218,449 21,749 240,198 Commerce 174,145 358,861 533,006 119,842 46,708 166,551 Tpt/Stor/Comms 153,368 1,154 154,522 256,655 139 256,795 Finance 24,221 24,221 222,034 222,034 Construction 23,913 24,127 48,040 4,405
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 10 Stock name Close Change CapMallsAsia 2.070 -0.040 CapitaLand 3.940 -0.040 CapitaMall 1.900 -0.030 CityDev 12.000 +0.080 ComfortDelGro 1.540 -0.040 DBS Grp 14.160 -0.100 F&N 5.730 +0.130 Genting SP 1.280 +0.010 Golden Agri 0.575 +0.005 HK Land 5.340 -0.090 JMH 41.120 +0.220 JSH 24.000 -0.100 Jardine C&C
      112 words
    • Article, Illustration
      Lock icon Dollar adds to gains on risk aversion
      445 10 CURRENCIES Reuters [NEW YORK] The US dollar rose yesterday, extending the previous day’s strong gains, due to risk aversion fuelled by an unexpected rise in US weekly jobless claims and weak-er-than-expected Greek data. The euro slid to a three-week low against the dollar
      Reuters; BLOOMBERG  -  445 words
    • Article
      Lock icon RISES
      107 10 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5332 183.6 2.6 DBXT iBoxxSing 5SG$ ***** 52.0 0.4 GLD 10US$ ***** 50.3 0.3 Lyxor Malaysia 10US$ 777 46.3 4.6 Asia Pac Brew 1572 30.0 1.9 JMH 4112 29.9 0.5 Jardine C&C 3326 20.0 0.6 F&N 573 13.0 2.3 IDT Hldgs
      107 words
    • Article
      Lock icon FALLS
      131 10 BY CENTS CLOSE DOWN DBXT iBoxxKR 5US$ *****-519.6 -3.3 DBXT Nifty 10US$ *****-253.0 -1.6 DBXT FTChina25 10US$ 2889 -97.9 -2.4 DBXT FTVietnam 10US$ 3775 -85.7 -1.6 DBXT SPASX200 10US$ 2799 -69.4 -1.8 DBXT MSCHINA 10US$ 1158 -62.6 -3.8 DBXT MSINDIA 10US$ 971 -47.6 -3.5 Lyxor Europe 10 US$ 1168
      131 words
    • Article
      Lock icon CURRENCIES
      84 10 Aug 12 CHNG YR 2010 CLOSE FR Aug 11 S$ LOW S$ HIGH US$ 1.3645 -0.43 1.4219 1.3472 Euro 1.7532 1.31 2.0153 1.6886 Pounds 2.1348 0.38 2.2831 2.0003 A$ 1.2207 0.73 1.2960 1.1515 Yen* 1.5987 -0.25 1.5987# 1.4467 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.2714 -0.34 4.3611 4.1977 Peso*
      84 words
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      59 words
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      611 12 KAT3 NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WANG WANG PAWNSHOP PTE. LTD. Co. Reg. No. *****8323W (INCREDITORS’VOLUNTARY LIQUIDATION) Extract theminutes theExtraordinary GeneralMeeting member Wang Wang Pawnshop Pte. Ltd. convened and
      611 words
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      279 12 IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF REN W ASHIONAND ARMENTS SIN APOREPTE. TD. (COMPANY O: *****587Z) (INMEMBERS’ UNTAR LIQUID TION) FINALMEETIN NNOOTICE HEREB GIVEN pursuant Section308 heCompaniesAct,Cap.50, tthhta t at tthe FINALMEETIN hemember fo f of tthe abo namedCompan will beheld ta t at 77
      279 words
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      28 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg.
      28 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Tuas Power raises market share further
      383 13  -  It’s planning to repower old plants to stay competitive By RONNIE LIM SINGAPORE’s third largest generating company Tuas Power (TP) now owned by China Huaneng continued to increase its share of the electricity market here in the first half, latest Huaneng figures show. And
      383 words
    • Article, Illustration
      Lock icon Civil service to see leadership change
      481 13  -  By TEH SHI NING LEADERSHIP renewal is on the cards for Singapore’s civil service. Peter Ong, currently the Ministry of Finance’s permanent secretary, will replace Peter Ho as Head of the Civil Service come Sept 1. Mr Ho, 56, retires from the administrative service
      FILE PHOTOS  -  481 words
    • Article
      Lock icon 34 more firms sign up as YOG sponsors to help defray costs
      482 13  -  SMRT to provide 300 extra train trips for opening, closing days By LEE U-WEN WITH just hours to go before the inaugural Youth Olympic Games (YOG) gets underway, 34 more companies have jumped onboard the sponsorship bandwagon, bringing
      482 words
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      189 words
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  • ECONOMY WATCH
    • Article
      Lock icon Fed resorting to tools Japan used in past decade
      619 14 Quantitative easing credit easing to Fed failed to spur lending in Japan Bloomberg [WASHINGTON] The Federal Reserve’s decision to sustain the current level of its assets intensifies the focus of the central bank on policy tools similar to those used with
      Bloomberg  -  619 words
    • Article, Illustration
      Lock icon Watchdog panel cites global impact of US bailout
      705 14 AP [WASHINGTON] The US$700 billion US bailout programme launched in response to the global economic meltdown had a far greater impact overseas than other countries’ financial rescue plans did on the United States, according to a new report from a congressional watchdog.
      AP  -  705 words
    • Article
      Lock icon EU industrial output unexpectedly down in June
      364 14 Bloomberg [LUXEMBOURG] European industrial production unexpectedly declined in June, led by a drop in durable consumer goods such as furniture and home appliances. Output in the economy of the 16 nations that use the euro dropped 0.1 per cent from May, when it
      Bloomberg  -  364 words
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      781 14 jy i Dome Cafe #04-09/K1 PS. Cafe #03-41 Caffe Beviamo #05-K3/K4 Not Only For Early Birds Lucky you, if you can wake up anytime you like, and breakfast wherever you please! We'd choose Caffe Beviamo for their superb all-day breakfast service. It's easy to see why the Italian-influenced, Australian-style cafe
      781 words
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  • MALAYSIA/INDONESIA
    • BRIEFLY ASIA
      • Article
        Lock icon Jakarta sells bank stake for 1.37t rupiah
        69 15 Bloomberg [JAKARTA] The Indonesian government has raised 1.37 trillion rupiah (S$208 million) selling a stake in PT Bank Negara Indonesia, the nation’s third-biggest state-owned bank, said State Enterprises Minister Mustafa Abubakar yesterday. The government sold a 3.1 per cent stake in Bank Negara
        Bloomberg  -  69 words
      • Article
        Lock icon China levies duty on imported chemical
        68 15 AFP [BEIJING] China yesterday slapped anti-dumping duties of up to 20.1 per cent on a chemical imported from South Korea and Thailand that is used to make clothes and plastic. The Ministry of Commerce said that it would impose tariffs for five years on
        AFP  -  68 words
      • Article
        Lock icon China insurers cleared to up overseas assets
        74 15 Reuters [SHANGHAI] China has modified rules to allow insurance companies to invest as much as three times the previous limit in overseas capital markets, part of a broader reform designed to give them more investment options. Chinese insurers will now be allowed to
        Reuters  -  74 words
      • Article
        Lock icon Jakarta to pare issue of one-year T-bills
        73 15 Reuters [JAKARTA] Indonesia will reduce its issuance of one-year T-bills this year as a main part of its plans to cut debt financing because of higher government revenues, a finance ministry official said yesterday. The move is likely to be aimed at pushing
        Reuters  -  73 words
      • Article
        Lock icon India cricket board throws out challenge
        53 15 AFP [NEW DELHI] India’s cricket board rejected on Wednesday a challenge by suspended Indian Premier League chief Lalit Modi to the composition of a panel probing charges of corruption. The panel is probing allegations of corruption, indiscipline and money-laundering around the hugely successful Twenty20
        AFP  -  53 words
    • Article
      Lock icon Indonesia to build new container port
      404 15 Project is part of plan to cope with overflowing volume at Tanjung Priok Reuters [JAKARTA] Indonesia’s state port firm will start building a new container terminal in Jakarta this year to cope with overflowing volumes at the main shipment hub in Indonesia’s capital as
      Reuters  -  404 words
    • Article
      Lock icon Singapore at 45
      447 15  -  COMMENTARY By LI LIANG SHI AUGUST 9th marks an important day: the separation of Singapore from Malaysia 45 years ago. On the Malaysian side, MPs of the Alliance were instructed to vote for the separation, which was passed on that day after three readings. Over in Singapore,
      447 words
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      Lock icon MMC unaffected by failed port rationalisation: analyst
      323 15 [KUALA LUMPUR] The failed rationalisation of the Port of Tanjung Pelepas (PTP) and Johor Port may not affect the performance of MMC Corp Bhd much, but it does bring up the question of what will happen to PTP and its expansion plans, says
      323 words
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      175 15 EXCITING BUSINESS OPPORTUNITY For aspiring entrepreneurs business owner Dr. Ed Sobey Launched Camp Invention, which now has more than 40,000 kids in 850 centres attending holiday camp each year. AN INTERNATIONAL ACCLAIMED PROGRAM DEVELOPED AT CALIFORNIA STATE UNIVERSITY, FRESNO Attend FREE SEMINAR DISCOVER.... V Very Profitable. MOST-IN-DEMAND program from United
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      98 15 RESTAURANT HOSHIGAOKA With a rich history of more than 38 years in Singapore, it is now newly acquired by JP Pepperdine Group. Newly Rebranded! With Fresh Interiors! :y value Expect refreshingly-new menus of improved quality value-for-money Set Lunch and Ala Carte items. s. \3 H Y Wagyu Shabu Shabu $27.80++
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      1809 15 ACE ACHIEVE INFOCOM LIMITED Registration No. ***** (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Gallery, Level 4, Paramount Hotel, 25, Marine Parade, Singapore *****6 on Monday, the 30 th day of August,
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  • GREATER CHINA
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      Lock icon Worker shortage to delay Cotai Strip’s opening
      641 16 Sands China to open the project with 570 tables, have new CEO by year-end Reuters [MACAU] Sands China, the Macau unit of Las Vegas Sands, said a worker shortage will delay the opening of its new Cotai Strip mega resort to the fourth
      Reuters; REUTERS  -  641 words
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      Lock icon China’s hidden wealth put at 9.3t yuan
      487 16 Bloomberg [BEIJING] China’s households hide as much as 9.3 trillion yuan (S$1.87 trillion) of income that is not reported in official figures, with 80 per cent accrued by the wealthiest people, a study showed. The money, much of it likely “illegal or quasiillegal”,
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      25 16 SUBSIDIARY OF Listen LIVEM Listen N.vadio9l3.com w .radio 1003.com Also hear us on: .iifrRMTS TIMES. /S> aslaone VSf rrzuf.t www.stomp.com.sg asiaone.com w ww.oir»ysg SS& STOMTSTIMES
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  • INDIA
    • Article, Illustration
      Lock icon Meeting over BlackBerry inconclusive
      485 17 India govt talking to telcos to find access to smartphone’s encryption details Reuters [NEW DELHI] A meeting of Indian officials and telecoms operators on whether to restrict Research in Motion’s BlackBerry services over national security fears was inconclusive, a top government official said yesterday. Worried about
      Reuters; AFP  -  485 words
    • Article
      Lock icon Rise in June factory output smallest in 13 months
      380 17 Bloomberg [NEW DELHI] India’s industrial production grew at the slowest pace in 13 months in June as growth in electricity, cement and refinery output decelerated. Output at factories, utilities and mines rose 7.1 per cent after a revised 11.3 per cent
      Bloomberg  -  380 words
    • Article
      Lock icon Mahindra preferred bidder for S Korea’s Ssangyong
      203 17 AFP [SEOUL] India’s leading utility vehicle maker Mahindra Mahindra has been chosen as the preferred bidder to take over Ssangyong Motor Company, Ssangyong and its creditors said yesterday. Ssangyong and its manager for the envisioned sale will sign a memorandum of understanding with
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      421 17 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. THECOMPANIES (CAP50) TUNGHINGPLASTIC CTOR (S)PTE COMPANY REG. NO: *****2295K (MEMBERS’ OLUNTAR WINDINGUP) At an Extraordinar Gener Meeting theMembers TUNG HINGPLASTIC CTOR (S)PTE LLTTDD dulycon nedand eld 701 Gean Road #0 04 am CentreSingapore*****7 66 AAugust 2010 11.30 a.m. the ffoollowing special resolution as
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      283 17 INTHEMATTER OF THECOMPANIES 50 AND INTHEMATTER OF GEMPLUSMICROELECTRONICASIA PTE (COMPANY O: *****537H) (INMEMBERS’ UNTAR LIQUID TION) Extract heMinutes anExtraordinar Gener Meeting fo f of GEMPLUS MICROELECTRONICASIAPTE TDsigned bbyy tthhee RReerp r presentativ he Holding Compan pursuant Section 79(6) he CompaniesAct,Cap.50on he day Augus 20 The esolutionsset out belo wweerree dulypassed
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      325 17 UBAM SICA 18,boule ardRoyal, 2449LUXEMBOURG R.C.LuxembourgN° 35.41 INFORMAIONANDNOTICESTOSHAREHOLDERS TheBoard Directors theUBAMSIC inform thedecisionstaken bycircularresolutiondated30July2010,namel The UBAM VP LUECHINAEQUITY sub-fundinvestmen areextended ot o to transferablesecuritieswhicharenotonlyprimarilyissuedbycompanies(i) havingtheirregisteredoffice or(ii)carryingon majorpart theircommercial activity or (iii) as holding companies owning predominant interests companieswiththeirregisteredoffice the ople’ Republic China,Hong Kongand aiwan, butmayalso(iv)belistedonqualifiedexchanges RegulatedMarketsor(v)primarilyoperateor(vi)hav majority their income,profits,assets,productionactivitiesorothercommercialinterests, the
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      1094 17 BankofBaroda (Incorporated in India) India's International Bank BALANCE SHEET AS ON 31ST MARCH 2010 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 ST MARCH 2010 Capital Reserves Surplus Deposits Borrowings Other Liabilities Provisions TOTAL ASSETS Cash and Balances with Reserve Bank of India Balances with Banks and Money at
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon GM posts best quarterly results since 2004, set for IPO filing
      664 18 Sources say it has nailed US$5b credit, marking its return to capital markets Reuters Bloomberg [DETROIT] General Motors posted its biggest quarterly profit in six years yesterday, a day ahead of an expected IPO filing that would open the
      Reuters; Bloomberg; AP FILE PHOTO  -  664 words
    • Article
      Lock icon Prudential trims cost of botched AIA deal
      382 18 Reuters [LONDON] British insurance company Prudential said yesterday that it had reduced the cost of its failed bid for AIG’s Asian unit while confirming it has no further appetite for M&A as the insurer reported fore-cast-beating half-year profit. The botched takeover of AIA
      Reuters  -  382 words
    • Article
      Lock icon Greek recession deepens in Q2 on austerity cuts
      454 18 GDP declines by 1.5% as govt reduces spending AP Reuters [ATHENS] Greece’s recession deepened in the second quarter, according to official estimates released yesterday, as the country felt the painful consequences of the government’s drive to reduce its debt load with aggressive
      AP; Reuters  -  454 words
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      Lock icon July growth in Australian employment slows
      262 18 Bloomberg [SYDNEY] Australian employment growth slowed in July, driving down the nation’s currency as investors bet that the central bank would extend a pause in the most aggressive round of interest-rate increases by a member-nation of Group of 20. The number of people employed
      Bloomberg  -  262 words
    • Article
      Lock icon Japan picks investment firms for test
      442 19 Goldman Sachs, Morgan Stanley and Nomura to face risk-taking scrutiny Bloomberg [TOKYO] Japan’s financial regulator picked Goldman Sachs Group, Morgan Stanley and Nomura Holdings Inc as initial subjects of a new unit to scrutinise risk-taking among investment banks, a person with direct knowledge of
      Bloomberg  -  442 words
    • Article
      Lock icon Panel urges big thinking in US ‘flash crash’ response
      415 19 Reuters [WASHINGTON] US securities regulators are moving forward with technical fixes to the still-unexplained “flash crash” in May but some market players say they want a more wholesale review of high-speed trading. A regulatory advisory committee is still probing exactly what
      Reuters  -  415 words
    • Article, Illustration
      Lock icon A STAND FOR INDIGENOUS PEOPLES
      63 19 [MANILA] Members of global rights group Amnesty International leading hundreds of other activists wearing colourful masks in a march to celebrate the 16th International Day of the World's Indigenous Peoples in Manila last weekend. The group says that there remains an urgent need to respect
      AFP  -  63 words
    • Article
      Lock icon Green website for Hollywood launched
      129 19 Reuters [LOS ANGELES] Television and movie makers have no excuse for not jumping on the “green” movement bandwagon. A new website with resources on everything from recycling sets to cruelty-free mascara makes it simple to do so. The Producers Guild of America on Wednesday unveiled
      Reuters  -  129 words
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      197 18 V* <4 v m *i¥ale& Eating out and eating right... We understand health because we've asked the experts. In consultation with Bibi Chia, a renowned nutritionist, our culinary team led by Executive Chef Tony Khoo presents an all-new well-balanced healthy menu. Choose our selection of nutritious yet delicious gourmet set
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      57 18 Reach Serious Gdurmets In This Targeted Space in Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan AlisaTan Jeffrey Nah Alfred Lee 6319 2045 *****480 6319 2054 6319 2037 9620 1355 9154 8381 9623
      57 words
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      467 19 WAT-3 NOTICES JUNMA TYRE CORD COMPANY LIMITED (Incorporated in the People’s Republic of China) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Conference Room, Junma Building, Zhenxing Road, Chenghang, Yangshe Town, Zhangjiagang City, Jiangsu Province, The People’s
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      1254 19 Y IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF PRIME RESIDENTIAL HOLDINGS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No.*****4408Z) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the member of the abovenamed
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  • WORLD
    • Article, Illustration
      Lock icon CEO’s warning sends Cisco shares tumbling
      764 20 His forecast revenue misses analysts’ targets, sparks fears for tech recovery Reuters [NEW YORK] Cisco Systems Inc CEO John Chambers has warned of “unusual uncertainty” in the global economy and forecast revenue that missed Wall Street targets, sending its shares plummeting and raising fears
      Reuters; AP  -  764 words
    • Article
      Lock icon German experts fuel debate about retirement at 70
      452 20 AP [BERLIN] Germans are famous for being hard workers but retirement at 70? That’s the prescription of two think-tanks, which say years of more toil are inevitable due to stubbornly low birthrates and the ballooning costs of the cradle-to-grave welfare system in
      AP  -  452 words
    • Article
      Lock icon ‘Cathy’ comic strip ending after 34 years
      239 20 AP [KANSAS CITY] The comic strip “Cathy,” which has chronicled the life, frustrations of its namesake for more than 30 years, is coming to an end. Cathy Guisewite, the strip’s creator, said on Wednesday that deciding to end the comic strip was “excruciating.”
      AP  -  239 words
    • Article
      Lock icon World youth joblessness to hit record
      356 20 Developing countries worst hit; US, Europe also affected; ILO fears unrest Reuters [GENEVA] World youth unemployment is set to hit a postwar record this year, increasing the potential for social unrest, crime and violence, the International Labour Organisation (ILO) said yesterday. According to the
      Reuters  -  356 words
    • Article
      Lock icon Tiger Woods’ poor form worries TV networks
      401 20 They raise concerns over future contracts Bloomberg [NEW YORK] Tiger Woods was heading out of Ohio by the time live final-round television coverage of last week’s Bridgestone Invitational began. That’s become a familiar occurrence as Woods searches for his first victory since a
      Bloomberg  -  401 words
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      928 20 adv IN THE MATTER OF THE COMPANIESACT. CAP. 50AND IN THE MATTER OF P.T. TUNTEX GARMENT (SINGAPORE) PTE LTD (In members’Voluntary Liquidation) Reg. No. *****1219M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company duly convened and held at 301 Boon Keng Road, Singapore *****9 on
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      132 20 NI N IN THEMATTEROF THECOMPANIESACTCHAPTER50 AND NI N IN THEMATTEROF KISHO ELECTRONICS SINGAPORE PTE (INMEMBER’SVOLUNTAR LIQUIDATION) (Company Registration no. *****1545R) NOTICE OF FINAL MEETING Notice hereby given that pursuant ot o to Section 308 the Companies Act, Chapter 50, the Final Meeting the Member theabovementionedcompany will beheldon14September2010, 22 Guok venue,Singapore*****2.
      132 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Qantas expects higher profit growth this year
      557 21 It returns to the black for FY10 but doesn’t signal return to dividend payouts Reuters [SYDNEY] Qantas Airways expects recovering demand for air travel to lift earnings growth this year after returning to profit in the second half from a year ago, but
      Reuters; AFP  -  557 words
    • Article
      Lock icon Thai Airways seeks 20b baht bank loans
      363 21 Reuters [BANGKOK] Thai Airways International said on Wednesday its board had approved a plan to seek 20 billion baht (S$854.2 million) in loans from domestic banks to help restructure its finances. The airline had also decided to delay a plan to sell up
      Reuters  -  363 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3064 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam SQ323 0605 SQ7366 2315 US5410 0605 LO4032
      3,064 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 21 SGX '000 Aug 12 S$ +/-Vol CH Offshore 0.54 unch 759 Chuan Hup Hldg 0.26 -0.01 63 Cosco Corp 1.59 0.05 ***** CWT Ltd 0.93 -0.07 1356 Ezra Hldgs 1.86 0.02 5026 First Ship Lea 0.40 unch 678 Freight Links 0.06 unch ***** Grand Banks 0.40 -0.09 5
      278 words
    • Article
      Lock icon More carriers taking their B747s out of desert storage
      476 21 Move driven by rebound in cargo, passenger traffic Bloomberg [LONDON] Boeing 747 jumbo jets are being brought out of desert storage as surging bookings spur carriers including British Airways, Cathay Pacific Airways and United Airlines to put their biggest planes into
      Bloomberg  -  476 words
    • Article
      Lock icon Baltic Dry Index’s 7.5% gain the best in 14 months
      368 21 Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity-shipping costs, rose the most in 14 months as rents continue to surge for the capesize-class ships that typically haul iron ore. The gauge climbed 166 points, or 7.5 per cent,
      Bloomberg  -  368 words
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      157 21 SOUTH EAST ASIA AND SOUTH ASIA/ AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE RATE RESTORATION EFFECTIVE 15 SEPTEMBER 2010 FROM SOUTH EAST ASIA AND SOUTH ASIA TO AUSTRALIA As part of the Business Plan 2010, Member Lines of the South East Asia and South Asia Australia Trade Facilitation Agreement will
      157 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Has the Bernanke Put lost its shine?
      496 22 EDITORIAL WALL Street has had a good run since its March 2009 low, its bankers paying themselves huge bonuses, courtesy of federal government handouts while the market’s major indices have bounced 55 per cent. Providing the main support throughout these past 17 months
      496 words
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      Lock icon Working 10 good Inception ideas into Asian leaders
      846 22  -  THE BOTTOMLINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own. THE dream thriller Inception is quite the mind-bender. Few films in recent memory provoked more chatter than this corporate-espionage tale featuring Leonardo DiCaprio implanting
      846 words
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      Lock icon Branding challenges for firms in Asia
      830 22  -  They need to adopt a longer-term approach to build long-lasting and valuable brands By ANDREAS BIRNIK Andreas Birnik is Adjunct Assistant Professor of Strategy Policy at NUS Business School. He specialises in international business, marketing and strategy. This commentary is based on an article
      AFP; AP FILE PHOTO  -  830 words
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      Lock icon Alarm over India’s yawning trade deficit
      1124 23  -  If the inflows stop or slow down in case of a meltdown in Europe or a double-dip in US, the economy may be hit harder than it was in 2008 YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT AYAWNINGtradedeficitwould
      BLOOMBERG  -  1,124 words
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      Lock icon Company code of conduct applies to all
      1041 23  -  Hurd had to go because, for an honourable company, the highest standards of conduct must start at the top not end before the top By MAK YUEN TEEN The writer is an associate professor at the NUS Business School I WAS once told
      AP FILE PHOTO  -  1,041 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9042 24 Transaction date: Aug 12 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 18.5 +0.5 260 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 6 5834
      9,042 words
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      Lock icon SGX CATALIST
      1772 25 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 +0.5 50 5.5 5 5 5.5 30.6 5.3 225 130 6222 t APStrategic 185 -3
      1,772 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9472 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.86/ APS Alpha Fund Cl B SGD!** 1.15/ APS Alpha Fund Cl B USD!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,472 words
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      Lock icon SGX ETF
      817 25 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 $mil 124 107 6389 ABF SG Bond ETF 118 +3 25 118 118 113.5 118 538.6 913 710 CIMBAsean40 100US$ US906 881 886 36.2 306
      817 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 25 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 $mil 56 33.5 6000 AVJennings A45.5cd +2.5 1 45.5 45.5 42.5 45.5 3.6 7.7 3.6 118.5 31 16 6017 Genting HK US$ US25.5 unch *****
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 11 Index Change Change Change Change Change Change World Index Preliminary 801.9 -2.4 -3.7 -2.1 -7.3 -2.7 -4.6 EAFE Preliminary 742.0 -2.3 -5.5 -2.3 -10.1 -2.9 -7.5 Europe Preliminary 1082.2 -2.5
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    • Article
      Lock icon INTERBANK RATES
      180 26 Aug 12 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.38 0.28 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.00 0.80 12
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      Lock icon US$/S$ FORWARD RATES
      22 26 Aug 12 S$ Bid Offer 1-month 1.3601 1.3612 2-months 1.3600 1.3611 3-months 1.3599 1.3610 6-months 1.3593 1.3605 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      137 26 Aug 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 329.0 326.9 326.9 182 Oct 10 321.0 Nov 10 321.0 Dec 10 319.0 Jan 11 319.0 32 Feb 11 319.0 Mar 11 319.0 Apr 11 319.0 May
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Aug 12 Aug 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 11.11.2010 0.28 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.29 5-Year N*****0N 1.375 01.10.2014 103.10 103.15 103.15
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    • Article
      Lock icon CHICAGO BOT
      105 26 Aug 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1044.50 1036.25 1053.00 1035.00 Sep 10 1016.50 1021.75 1028.00 1013.00 Nov 10 1015.50 1022.00 1029.00 1013.75 Jan 11 1021.50 1028.25 1035.00 1020.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 41.63 41.46 41.70
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Aug 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 78.01 -2.05 WTI (Near Mth) 77.84 -2.32 Dubai (1-Mth F) 76.94 -0.95 Tapis blend 83.40 -0.20 Minas 79.30 -1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 74.89 -0.30 Jet Kerosene 89.80 -1.05 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2342 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 3 4.63 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT W*****9 0.5 1 87 2088 8.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 26 Aug 12 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2130 1.2500 Can dollar 1.2960 1.3120 Euro 1.7480 1.7680 NZ dollar 0.9650 0.9860 Sterling pound 2.1270 2.1510 US dollar 1.3580 1.3740 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 Aug 12 Open High Sett STI Aug 2916 SIMSCI Aug 344.2 344.4 341.9 Taiwan Aug 277.5 277.6 275.2 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 26 Aug 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 07 2815 2809 2821 2803 368 920 Sep 10 2719 2730 2762 2719 1838 9029 Oct 10 2670 2673 2704 2662 ***** ***** Nov 10 2644 2640
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      430 26 Aug 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6250 0 1040 Dec10 99.5700 0 3075 Mar11 99.5100 0 2501 Jun11 99.4150 0 1981 EUROYEN TIBOR FUTURES Sep10 99.6450 99.6450 99.6450 99.6450 400 3593 Dec10 99.6825 99.6825 99.6775 99.6825 300 1809 Mar11 99.6950 99.6950 99.6950
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 Aug 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.941 6.097 0.696 6.982 42.080 80.928 0.770 10.663 2.858 1.258 77.130 40.803 1.223 6.553 0.950 28.685 28.708 0.573 0.899 Canada 1.063 6.482
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    • Article
      Lock icon SIBOR
      85 26 Aug 12 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Aug 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2224 1.2241 0.8987 0.8992 Canadian dollar 1.2995 1.3014 0.9554 0.9560 Euro 1.7570 1.7589 1.2917 1.2921 NZ dollar 0.9713 0.9728 0.7141 0.7146 Sterling pound 2.1352 2.1375 1.5698 1.5702
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    • Article
      Lock icon PRECIOUS METALS
      137 26 Aug 12 GOLD (US$/oz) Aug 11 Aug 12 Hong Kong 1199.60 1200.80 Aug 10 Aug 11 London 1193.95 1198.10 1194.70 1199.00 Source: Thomson Reuters CAST BAR Aug 12 (S$) Selling Buying Kilobar 56,385.79 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126.26 53 5gm 358.45 263 10gm 640.93
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    • Article
      Lock icon LONDON METALS
      71 26 Aug 11 Aug 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2142.00 2160.50 3 months 2131.50 2170.00 Copper, Grade A (US$/tonne) Cash 7200.00 7273.50 3 months 7172.75 7300.00 Lead (US$/tonne) Cash 2065.00 2098.25 3 months 2038.00 2125.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 26 Aug 11 COCOA (£/tonne) Close Prev High/Low Sep 10 2106 2123 2132/2100 Dec 10 2029 2051 2060/2019 Mar 11 2039 2052 2062/2030 May 11 2052 2066 2077/2044 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1708 unch 1723/1704 Nov 10 1734 1732 1746/1729 Jan 11 1726 1719 1733/1718 Mar 11
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    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5576 27 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.
      5,576 words
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      40 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • executive lifestyle
    • Article, Illustration
      Lock icon Casting the net wide
      1334 29  -  The burgeoning festival scene is breeding as many diverse events as specialised ones, such as this year’s Sun Festival being headlined by David Foster. CHRISTOPHER LIM finds out why CHRISTOPHER LIM A PERENNIAL question for festivals and large events here is how narrowly to focus their
      FILE PHOTO  -  1,334 words
    • Article, Illustration
      Lock icon Concerned about the end of an era
      668 29  -  By CHRISTOPHER LIM THERE’S a reason David Foster’s current tour is called Hitman. Few figures embody the traditional music industry like he does. As a prolific producer and songwriter, he helped to create it, and in those same capacities, and as a performer,
      668 words
    • CINEMA
      • Article, Illustration
        Lock icon An intelligent murder-mystery
        699 30  -  The Girl with the Dragon Tattoo is both difficult to watch in parts yet also impossible to resist as a whole, says GEOFFREY EU GEOFFREY EU THE Girl with the Dragon Tattoo is one of those rare movie pleasures an intelligent, well-con-structed, all-consuming murder-mystery with a killer
        © YELLOWBIRD/PHOTO BY KNUT KOIVISTO  -  699 words
      • Article, Illustration
        Lock icon PCK’s shot at movie-making no good, lah
        553 30  -  By DYLAN TAN NOT every TV series progresses to the big screen. But if you’re Singapore’s longest-running sitcom (167 episodes, eight seasons, 10 years), maybe a cinematic outing is inevitable. So just when you think it’s safe to leave your television off... The
        553 words
    • EVENTS/ENTERTAINMENT
      • Article, Illustration
        Lock icon A showcase of light art
        930 31  -  i Light Marina Bay is Asia’s first sustainable light art festival, reports NATALIE KOH NATALIE KOH ONE used to go “wow” at light festivals, when sculptures or buildings are lit up at night. In these ecologically-sensitive times though, a light show will only make you
        930 words
      • Article, Illustration
        Lock icon Feet in two worlds
        696 31  -  CD REVIEW By CHRISTOPHER LIM WHAT happens to American Idol rejects? For run-ner-ups like Clay Aiken and Adam Lambert, life’s not bad at all, but when Carly Smithson was booted out early in Idol’s 2007 season, things didn’t look so bright. Now, however, she sounds right
        696 words
      • Article, Illustration
        Lock icon Unimaginative movie; waste of top actors’ talent
        402 31  -  DVD REVIEW By NATALIE KOH BOASTING an all-star cast with the likes of Jessica Alba, Jessica Biel, Bradley Cooper, Jaime Foxx, Anne Hathaway, Jennifer Garner, Ashton Kutcher, Julia Roberts, Patrick Dempsey and many others, Valentine’s Day seems full of promise for a rich
        402 words
    • ARTS
      • Article, Illustration
        Lock icon Savour a spiced up ‘Fried Rice Paradise’
        756 32  -  The ingredients for the musical have been pared down as, according to its conceiver, there were too many flaws in the previous edition, reports NATALIE KOH NATALIE KOH IN 1974, the song was written. In 1991, a musical was built around the song
        756 words
      • AROUND TOWN
        • Article, Illustration
          Lock icon A tribute to time
          179 32 AS a meditative response to time, UOB Award winner Soh Chee Hui created his ninth solo exhibition, notes, featuring a series of still-life works that depart from the figurative works featured in his previous exhibition. What remains the same is the usage of familiar visual text
          179 words
        • Article
          Lock icon Regional artists’ view of S’pore
          122 32 CONTEMPORARY artists Veasna Tith from Cambodia and Vichaya Mukdamanee from Thailand have launched a series of specially created works at The Arts House as part of the Singapore International Foundation’s (SIF) Art Associates programme. The exhibition, Diverse Harmony, features the artists’ views on Singapore based
          122 words
        • Article
          Lock icon Open call for S’pore Pavilion
          117 32  -  Compiled by NATALIE KOH THE National Arts Council (NAC) is calling out to artists and curators to submit proposals for the Singapore Pavilion at the 54th Venice Biennale International Art Exhibition in 2011. The Venice Biennale is slated to take place from June to November
          117 words
      • Article, Illustration
        Lock icon Baring the complexity of a human’s life
        596 32  -  By LYNN KAN A STREETLIGHT flickers above a solitary man, bent over as he steps forward. A woman runs in slow motion towards the audience, hurdling through the air with immense control of every fibre of her being. These starting tableaux of individualism
        YEN MENG JIIN  -  596 words
      • Article, Illustration
        Lock icon Enjoyable farce (earplugs not provided)
        534 32  -  By NATALIE KOH SINGAPORE is hardly big enough for a man to be in relationships with three different women without any of them ever meeting each other, much less when they’re in the same house. But in a bedroom farce where hilarity increases proportionately with
        534 words
      • Article, Illustration
        Lock icon Beautiful feast for the eyes and ears
        539 32  -  By NATALIE KOH THE audience was plunged into darkness, making it seem as though there was nothing but pin-drop silence for company. Then, the sound of rain came in. A slight drizzle at first, before it grew into the roar of a heavy
        539 words
    • BOOKS/GAMING/WINE
      • Article, Illustration
        Lock icon Not that easy to make it all work
        1022 33  -  This update to the popular GTD work/life system offers ‘insights’, but don’t expect GTD 2.0, writes KENNETH JAMES ‘Making It All Work: Winning at The Game of Work and The Business of Life’ By David Allen Penguin Books Pages: 305 Price: $26.50
        ARTHUR LEE  -  1,022 words
      • Article, Illustration
        Lock icon Putting PlayStation in nifty motion
        562 33  -  By CHRISTOPHER LIM MICROSOFT’S completely hands-free Kinect motion control game system for its Xbox 360 console will hit stores at $229 in November, but Sony’s PlayStation Move will arrive first on Sept 15 for less money. The Move system is an add-on to any existing
        562 words
      • Article
        Lock icon Superb finish of Austrian Pinot Noir
        1123 33  -  By N K YONG TO the world of Pinot Noir, one must now add Austrian Pinot Noir. Hitherto regarded as a minor player and even a kind of curiosity, a recent blind tasting here pitting the best of Austrians against renowned names in Burgundy
        1,123 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Bright colours in an old city
        953 34  -  The streets of Hyderabad pulsate with excitement during the Hindu festival of Bonalu, held in honour of the goddess Kali. KELSEY COBB reports KELSEY COBB The writer is a social worker who lived in Hyderabad for five months ON one Sunday every year, the
        AP; AFP PHOTOS  -  953 words
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      141 30 SINGAPORE Da Paolo Il Giardino 501 Bukit Timah Road #01-05 Cluny Court Tel: 6463 9628 Da Paolo Il Ristorante 80 Club Street Tel: 6224 7081 Da Paolo La Terrazza 44 Jalan Merah Saga #01-56 Chip Bee Gardens Tel: 6476 1332 il Lido Sentosa Golf Club 27 Bukit Manis Road Tel:
      141 words
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  • Page 31 Miscellaneous
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      306 31 CRYPTIC CROSSWORD Across 1 Teacher to exchange mains device (6-6) 9 Tax one leaving coral island (4) 10 Mother takes in older sort of play (9) 12 Empty vat can be overturned (6) 13 Return from the market (8) 15 Secretion regenerated jolly early! (5,5) 16 Novice from Austrian province
      306 words
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      217 34 The Ascott Limited has serviced residences in India. For more information, visit www.the-ascott.com CITADINES MELBOURNE ON BOURKE NOW IN THE HEART OF THE CITY INTRODUCTORY RATES STARTING FROM AUD$ 150 Introducing the first Citadines Apart'hotel in Australia Citadines Melbourne on Bourke. Located in the heart of the city, enjoy easy
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      12 34 Brought to you by Ascott This series is brought to you by
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