The Business Times, 19 August 2010

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, August 19,2010
    23 words
  • Article, Illustration
    Lock icon M’sia nears end of fast lane with 8.9% Q2 growth
    467 1  -  Most sectors surged but growth expected to slow in second half of the year By in S JAYASANKARAN MALAYSIA’S economy decelerated in the second quarter, registering 8.9 per cent growth in real gross domestic product terms from the 10.1 per
    AP  -  467 words
  • Article, Illustration
    Lock icon Office market crackles as banks go hunting for space
    864 1  -  Existing players are expanding while new boys in town are sniffing around for lease deals By KALPANA RASHIWALA [SINGAPORE] The Singapore office market is buzzing with leasing interest as banks and other occupiers expand their operations and plan moves to new
    864 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,919.37 (-3.99) ST INDEX FUTURES 2,912 (unch) SIMSCI 344.77 (-0.48) SIMSCI FUTURES 343.90 (+0.20) FOREX US$ S$ US$ (S$ per US$) 1.356 (US$/S$ per 1.552 2.104 EURO (US$/S$/E) 1.284 1.741 Foreign currency per US$ S$ YEN 85.50 63.00 RM 3.160 2.331 HK$ 7.772 5.733 BAHT 31.66
    141 words
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      Lock icon Page 1 Advertisements Column 1
      160 1 SINGAPORE INTERNATIONAL Fishing outside Singapore’s waters PAGE 12 RAINER NG Just look at what’s around his neck PAGE 10 HOCK LOCK SIEW Another spin for gaming stocks PAGE 4 BizIT Yahoo! mulls data centre in Singapore PAGE The star analysts Look out for our exclusive coverage of the BT-StarMine Analyst
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      563 2 Office market crackles as banks go hunting for space THE Singapore office market is buzzing with leasing interest as banks and other occupiers expand their operations and plan moves to new Grade A office buildings. Citigroup is widely tipped to be considering taking more than 200,000 sq ft
      563 words
    • Article
      Lock icon Appeal against TT Int’l scheme: judgment reserved
      820 2  -  OCBC and Ho Lee Construction appeal against earlier High Court approval By TEH SHI NING [SINGAPORE] The Court of Appeal yesterday reserved judgment on two creditors’ objection to a High Court approval of a scheme of arrangement for troubled firm TT International. Lawyers
      820 words
    • Article, Illustration
      Lock icon Big brother leaves law firm, junior steps in
      509 2  -  WongPartnership in musical chairs of high-profile siblings By MICHELLE QUAH [SINGAPORE] Drew Napier director Manoj Sandrasegara will be leaving the firm for rival WongPartnership currently led by his older brother, Dilhan Pillay Sandrasegara. The younger Sandrasegara, 42, will join WongPartnership on Sept
      509 words
    • Article, Illustration
      Lock icon Seoul rejects Pyongyang’s summit offer
      449 2 AP [SEOUL] North Korea has offered to hold a summit with South Korea in an apparent bid to secure economic aid, but Seoul rejected the idea citing increased tensions, a news report said yesterday. Seoul told North Korea last year that it would give the
      AP  -  449 words
    • Article, Illustration
      Lock icon Another spin for gaming stocks
      1062 4  -  HOCK LOCK SIEW By GRACE LEONG THAT the phrases “surprising” and “trumping expectations” showed up in a number of recent analyst reports on Genting Singapore is in itself surprising. Why did so many analysts come up short in their initial projections of Genting Singapore’s earnings
      1,062 words
    • Article, Illustration
      Lock icon The downside to productivity targets
      582 4  -  By LEE U-WEN [SINGAPORE] While targets provide a useful benchmark to determine whether a policy is bearing fruit, this may not always be the case, and is actually a “bad idea” when it comes to measuring productivity. This is the view of John van Reenen,
      THE STRAITS TIMES/ BENJAMIN NG  -  582 words
    • Article, Illustration
      Lock icon A few years needed to dig US out of recession: Obama
      507 4 AP [SEATTLE] A campaigning President Barack Obama said on Tuesday it will take a few years to dig the United States out of the recession, warning impatient voters that any candidate promising faster results “is just looking for your
      AP  -  507 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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      280 3 ttSBSSk 8 3-iv' 5?^ r/ gag m 35* S-aK? mi; -J s&SS v %< •> "V W4 i-.V. .•iir «-.<• -Sis 5 *Wi > rig Imtfl X» £fe if fc 1 v-v > a SlmSmm w mm. •vr dreaiM, hoiwe us in a garden, surrounded by flowers and greenery... a
      280 words
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      97 4 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! RESTAU r™? AOKA Expect refreshingly-new menus of improved quality value-for-money Set Lunch and Ala Carte items. Japanese dining at Value-for-money prices! Daily Set
      97 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Genting S’pore shareholders approve sale of UK casinos
      634 5  -  By GRACE LEONG SHAREHOLDERS of Genting Singapore yesterday gave the green light to the sale of its UK casino operations including Crockfords, the world’s oldest private gaming club to parent Genting Malaysia Bhd for £340 million (S$716 million). An overwhelming majority of
      BLOOMBERG  -  634 words
    • Article
      Lock icon Hedge funds turn the corner in July
      514 5  -  Assets under management grow by US$18.1 billion to US$1.52 trillion By JAMIE LEE HEDGE funds bounced back in July after two months of flat or negative returns, a Eurekahedge report shows. The Eurekahedge Hedge Fund Index which tracks the performance of more than
      514 words
    • Article, Illustration
      Lock icon Court rules in favour of Dovechem founder
      687 6  -  Ng Joo Soon wrongly removed, judge says, and thus remains a director of the company By MICHELLE QUAH IN a case once described as that of “an old man being played out by his own family members”, the High Court of Singapore has
      687 words
    • Article
      Lock icon CSC unit sued for over $10m by Penta-Ocean
      323 6  -  Move follows recent adjudication in the unit’s favour By MELISSA TAN A SUBSIDIARY of main-board-listed CSC Holdings faces a $10.34 million claim from Penta-Ocean Construction, CSC said in a Singapore Exchange (SGX) announcement yesterday. On Monday, Pen-ta-Ocean served a writ of summons
      323 words
    • COMPANY BRIEFS
      • Article
        Lock icon Contel accepts Virago’s 6-month standstill offer
        100 6 CONTEL Corporation said that it has accepted a six-month standstill offer granted by its major creditor, Virago Capital Ltd. Virago, a company incorporated in the British Virgin Islands, is the beneficial owner of Contel’s major debts and security documents originally taken with various banks.
        100 words
      • Article
        Lock icon Keppel Shipyard bags $50m contract
        68 6 KEPPEL Shipyard has secured a $50 million contract for the modification of the Floating Production Storage and Offloading (FPSO) vessel OSX-1. The FPSO OSX-1 is owned by OSX 1 Leasing B.V., a subsidiary of OSX Brasil S/A. Work is expected to start in the third
        68 words
      • Article
        Lock icon Tiong Seng unit gets $32.6m contracts
        89 6 TIONG Seng Holdings said that its subsidiary, TSC Contractors (PNG) Ltd, has been awarded two contracts worth about $32.6 million to upgrade roads from Rypinka to Okapa Station Road in Eastern Highlands Province, Papua New Guinea. The contracts were awarded by the Independent State
        89 words
      • Article
        Lock icon ASL Marine Q4 profit slips 4.1% to $7.18m
        113 6 ASL Marine Holdings Ltd reported that its net profit for the fiscal fourth quarter ended June 30, 2010 slipped 4.1 per cent to $7.18 million. Revenue for the quarter rose 2.8 per cent from a year ago to $105.10 million. For the
        113 words
    • Article, Illustration
      Lock icon Soilbuild divests logistics warehouse for $60m
      305 8  -  By YEN PEI WEN SOILBUILD Group Holdings is divesting Penjuru Logistics Hub, a five-storey pur-pose-built logistics warehouse, for $60 million. The integrated boutique developer is expecting to recognise a gain of about $16.3 million from the sale of the property at 34 Penjuru Lane,
      305 words
    • Article
      Lock icon Autron loses its last independent director
      404 8  -  Warwick Davies, 73, a director for 13 years, steps down for health reasons By JAMIE LEE THE last independent director of Autron Corporation a mainboard listed company saddled with credit and legal issues has resigned for health reasons. Warwick Desmond Davies, who has been
      404 words
    • Article
      Lock icon Head to western China, S’pore firms told
      509 8  -  Growth potential there is enormous: PwC forum By LYNETTE KHOO SINGAPORE companies that want a piece of action in China should “go west” in other words, to venture into China’s western region, where the growth potential is enormous. PricewaterhouseCoopers advisory partner Jovi Seet
      509 words
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      264 6 L m My Happiness, My Family, My Legacy, MyLife. My life is filled with happiness. As a retiree I am doing things that I love and, as a grandfather, I am spending more time with the people I love. My family means everything to me and I want to make
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      296 7 m E FIRST IMPRESSIONS LAST STAR L I SUITES H T J' i S s s h s Hi h p Hi l^mh f* '4 s IHR FE Hi ■SSI III I!!! r >!i ft "Si 0 N IV !!i «S. »!< »l Si II! I 0 Is I m
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      275 8 Looking for a Payroll Partner who... Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY, that enable
      275 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Asia stocks drift despite Dow surge
      631 9  -  ST Index moves sideways in absence of new market impetus, ending 3.9 points lower STOCKS VEN SREENIVASAN Senior Correspondent IT WAS another featureless session on Asian equity markets as caution continued to reign despite a strong overnight close on Wall Street. Traders said there
      Source: Bloomberg  -  631 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 41 66 77 7 12 13 48 78 90 Commerce 16 18 30 5 3 6 21 21 36 Tpt/Stor/Comms 10 13 20
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 9 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,611 17,611 57,375 57,375 Manufacturing 352,382 87,090 439,472 299,714 6,783 306,497 Commerce 100,492 169,709 270,201 114,821 19,466 134,287 Tpt/Stor/Comms 91,843 1,038 92,881 198,312 131 198,444 Finance 21,028 21,028 177,265 177,265 Construction 21,766 69,916 91,682 3,865
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 9 Stock name Close Change CapMallsAsia 2.110 +0.020 CapitaLand 3.940 CapitaMall 1.940 +0.020 CityDev 11.620 -0.220 ComfortDelGro 1.520 -0.020 DBS Grp 14.020 -0.080 F&N 5.540 -0.050 Genting SP 1.550 +0.030 Golden Agri 0.575 +0.005 HK Land 5.400 JMH 40.400 -0.200 JSH 23.400 Jardine C&C 33.160 -0.380 Keppel
      108 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 9 Aug 18 VALUE CLOSE BT OB/OS -526.00 +42.00 BT CADI -*****.00 -48.00 BT 10-day MA -*****.00 -52.00 FTSE ST Mid Cap 717.68 -0.95 FTSE ST Small Cap 535.37 +0.23 FTSE ST All Share 721.01 -0.90 FTSE ST China Top 264.54 -1.60 FTSE ST China 295.77 -0.90 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 9 VOLUME Genting SP 146,165,000 Enzer 84,227,000 Adventus 75,667,000 Armstrong 65,248,000 Sapphire 53,427,000 Informatics 45,686,000 AsiaSilk 44,011,000 Noble Grp 39,628,000 Golden Agri 27,442,000 SingTel 27,267,000 VALUE($) Genting SP 225,549,310 Wilmar 124,234,055 SingTel 80,248,495 CapitaLand 77,498,950 DBS Grp 69,058,200 Noble Grp 66,167,360 OCBC Bk 45,057,890 UOB 40,775,042 NOL 34,894,750
      53 words
    • Article
      Lock icon RISES
      107 9 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 376.7 1.5 DBXT MSTHAI 10US$ 1269 62.3 3.8 Pru 500US$ 900 33.9 2.9 Lyxor EasternEurope1 517 21.7 3.2 CIMBAsean40 100US$ 905 17.6 1.5 CerebosPac 432 11.0 2.6 Wilmar 623 10.0 1.6 DBXT CSI300 10US$ 937 8.1 0.6 B Sembawang 469 8.0
      107 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Reits Sector
        371 9 DBS Group Research, Aug 18 THE FTSE ST Real Estate Investment Trusts Index is up 7 per cent YTD, outperforming the Straits Times Index (STI, up 4 per cent), and the FTSE ST Real Estate Holding and Development Index (down one per cent). The Singapore real estate
        371 words
      • Article
        Lock icon Singapore Telecoms Sector
        289 9  -  DBS Group Research, Aug 18 Compiled by CONRAD TAN WE PREFER SingTel and M1 to StarHub. SingTel (“buy”, TP $3.45) is attractive at only 11.4 times PE (compared with the historical average PE of 13.4 times) and 5 per cent dividend yield, with the likelihood of special
        289 words
    • Article
      Lock icon Euro gains on Europe debt sales; yen up too
      444 9 CURRENCIES Reuters [NEW YORK] The euro rose against the dollar yesterday after a German government bond auction attracted solid demand, easing some concerns about fiscal instability in the European Union. The dollar came under fresh selling pressure against the yen, easing
      Reuters  -  444 words
    • Article
      Lock icon FALLS
      118 9 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3769-185.6 -3.5 GLD 10US$ ***** -66.4 -0.4 DBXT MSAsExJp 10US$ 2871 -61.0 -1.5 Jardine C&C 3316 -38.0 -1.1 SIA 200 1544 -36.0 -2.3 JMH 4040 -27.1 -0.5 DBXT S&P Short 10US$ 5329 -25.8 -0.4 SIA.ES.1008 1560 -24.0 -1.5 CityDev 1162 -22.0 -1.9
      118 words
    • Article
      Lock icon CURRENCIES
      87 9 Where S$ stands Aug 18 CHNG YR 2010 CLOSE FR Aug 17 S$ LOW S$ HIGH US$ 1.3539 0.14 1.4219 1.3472 Euro 1.7452 0.03 2.0153 1.6886 Pounds 2.1172 0.20 2.2831 2.0003 A$ 1.2221 0.12 1.2960 1.1515 Yen* 1.5877 0.08 1.5987 1.4467 Rupiah* 0.***** 0.01 0.***** 0.***** Baht* 4.2811 -0.21
      87 words
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      36 9 HERBERT NITSCH. AIRLINE PILOT. DEEPSEA DIVER. EXTREME RECORD BREAKER. 15 l ■j*w J n \w a ia m D S7 THE NEW SUPEROCEAN SGD 5,050.40* E INSTRUMENTS FOR PROFESSIONALS 1 TEL. +65 6732 6347 WWW.BR EITUING.COM
      36 words
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  • SINGAPORE NEWS
    • Article
      Lock icon More unionised firms re-hiring older workers
      377 10  -  But half of them do not have structured consultation process for staff reaching 62 By NISHA RAMCHANDANI A GROWING number of unionised companies in Singapore are re-hiring older workers. But companies still need to work on other areas, such as putting more effort into
      377 words
    • SINGAPORE ROUNDUP
    • Article, Illustration
      Lock icon A silver good as gold
      651 10  -  COMMENTARY LEE U-WEN Deputy Foreign Editor WHAT a race. What a battle. What drama. It was the swim of a lifetime for Singapore’s Rainer Ng last night. In the end, all that separated him from earning that coveted Youth Olympic Games (YOG) gold medal was
      REUTERS  -  651 words
    • Article, Illustration
      Lock icon Celebrating Indian entrepreneurship in Singapore
      870 10  -  Nominations for SICCI-DBS awards closes on Aug 24 By MALMINDERJIT SINGH At 18, he was an assistant to a cameraman with big dreams of becoming a media icon himself. Less than 10 years later, JK Saravana has not just achieved that but has won the
      870 words
    • Article, Illustration
      Lock icon Eagle wings of excellence
      1076 11  -  Borden now sets its sights on entering emerging markets such as India and South Africa By EUNICE CHEN, GILBERT CHUA ,NG HUIYI The writers are students of the NUS Business School BEING awarded the Enterprise 50 title in 2009 is not the only reason Christopher Yeo,
      ARTHUR LEE  -  1,076 words
    • Article
      Lock icon COE premiums generally lower
      301 11  -  By SAMUEL EE THE COE premium for small cars fell substantially in yesterday’s bidding exercise. Most of the other certificate of entitlement categories also slipped but only slightly. And only the open category (which is transferrable) rose. Category A (for cars below 1,600cc) slumped $3,104 to
      301 words
    • Article
      Lock icon Newton View for sale en bloc
      336 11  -  Freshly launched unit at The Scala in Serangoon also up for auction By EMILYN YAP OWNERS of Newton View have climbed aboard the collective-sale bandwagon, putting their estate up for tender with an indicative price of $153-155 million. The freehold residential development at 26
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      65 11 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. Borden Company Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC
      65 words
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      71 11 *****38 ARMENIAN" i's IF m -'r" T.' my home Conserved shophouses with 6-storey new extension in historic location t II -J 1 I H STRATA OFFICES FOR SALE LIMITED UNITS Developer Hong How Investments Pte Ltd A Hong How Group Company *****511 24 boutique SOHO offices 549 1808sf, with ensuite
      71 words
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  • SINGAPORE INTERNATIONAL
    • Article
      Lock icon Helping hand for S’pore exporters
      843 12  -  IE S’pore’s Exporters’ Development Programme and Exporter’s Seminar series are benefiting businesses, says CHUANG PECK MING CHUANG PECK MING IT’S a no-brainer. Singapore is just a tiny red dot. Its home market is even smaller too small to feed many businesses for long. Sooner or
      843 words
    • Article, Illustration
      Lock icon When a hit product isn’t enough to make it overseas
      405 12  -  Bluetree Electronics couldn’t make it abroad on its own By CHUANG PECK MING BREAKING into the overseas market with help was hard enough for homegrown Bluetree Electronics. “It would be near to impossible had we wanted to do this on
      FILE PHOTO  -  405 words
    • Article, Illustration
      Lock icon Qian Hu relies on two ‘D’ words
      373 12  -  Diversify and differentiation key to export decision By CHUANG PECK MING HOME-GROWN Qian Hu Corporation’s decision to move into the export business and its strategy to stay in it are based on two ‘D’ words: “diversify” and “differentiation”. To diversify and grow its
      ARTHUR LEE  -  373 words
    • Article
      Lock icon Avoiding negotiation pitfalls
      236 12 Name: Sandy Chong Designation: CEO Principal Consultant Company Name: Verity Consulting Pte Ltd QUESTION: Export negotiations remain one of the major problems that exporting companies face. What are some of the pitfalls in export negotiations and how do companies avoid them? ANSWER: Skipping or undermining the importance
      236 words
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      178 12 A if iE-lffi imwNfi llllllRIVIIIfl 'MM** U ■JL r y* > R n HSOT r Seminar Series: Join us at the iadvisory Seminar Series: Doing Business in Cambodia and Lao PDR and hear how you can join the many Singapore companies who are taking advantage of the economic recovery by
      178 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie, NZ dollars weaken on BOJ’s yen stance
      405 13 BOJ sees no threat to Japanese economy from yen’s recent gain [SYDNEY] The Australian and New Zealand dollars fell against the yen on speculation Japan’s officials are not ready to weaken their domestic currency, damping demand for the South Pacific nations’ high-er-yielding
      405 words
    • Article
      Lock icon S Korea bonds rally on talk of foreign buying
      236 13 Reuters [SEOUL] South Korean domestic bond prices rallied yesterday, with long-term paper leading on talk that foreign buying would continue to grow on the back of ample cash liquidity in major countries. The 10-year treasury bond yield fell five basis points
      Reuters  -  236 words
    • Article
      Lock icon Kan to outline fresh stimulus
      300 13 Measures could come in Sept to safeguard recovery: report AFP [TOKYO] Japan’s Prime Minister Naoto Kan plans to flesh out new stimulus measures as early as September in a bid to safeguard a recovery threatened by a strong yen, a report said yesterday. Additional employment
      AFP  -  300 words
    • Article, Illustration
      Lock icon Moderate rise in Australian wage index
      603 13 Reuters [SYDNEY] Australian wages rose only moderately last quarter, keeping annual growth well below levels that would threaten inflation and adding to signs that interest rates can stay on hold for a while to come. The government’s measure of total hourly pay excluding bonuses,
      Reuters; REUTERS  -  603 words
    • Article
      Lock icon NZ economic growth seen slowing in Q2
      319 13 Reuters [WELLINGTON] New Zealand’s economic growth has probably slowed in the second quarter amid a flat housing market, rising unemployment, and mixed confidence levels, a private bank survey showed yesterday. The National Bank of New Zealand’s regional trends survey, seen as a rough
      Reuters  -  319 words
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      17 13 Head to CATS FASTADS in The New Paper for education options! MATS BUY IT• SELL IT-FIND IT
      17 words
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      197 13 NOTICES RICKMERSMARITIME ((aa bbuuis i sinneess 30M unde of re ((Re Numbe NOTICEOFEXTRAORDINAR GENERALMEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the UnitholdersofRickmersMaritimewillbeheld OneMarinaBoulevard,Level Singapore*****9onMonday September2010 11.00a.m.forthepurposeof consideringand, thought passing,withorwithoutamendment,thefollowing OrdinaryResolutions: ORDINAR RESOLUTION THESETTLEMENTAGREEMENT That,subjecttoandcontingentuponthepassingofOrdinaryResolutions and (1) approvalbeand herebygiven,forthepurposesofRule906ofthelisting manual(“Listing Manual”)oftheSingaporeExchangeSecurities rading Limited(“SGX-ST”),fortherestructuringofobligationsundertheAffected MemorandaofAgreement(asdefined Rickmers Maritime’ Circular
      197 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia eases forex rules to cut trade transaction costs
      396 14 China starts official foreign-exchange trade between yuan and ringgit Bloomberg [KUALA LUMPUR] Malaysia yesterday eased regulations in the nation’s for-eign-exchange markets to help lower the transaction costs of external trade, moving a step closer to making the ringgit a freely traded
      Bloomberg  -  396 words
    • Article
      Lock icon Indonesia will delay global sukuk offer to 2011: official
      325 14 Reuters [JAKARTA] Indonesia will delay a planned US$650 million global sukuk offer to the first half of 2011 because a lower budget deficit forecast reduces this year’s borrowing needs, a government official said yesterday. Indonesia, the world’s most populous Muslim country,
      Reuters  -  325 words
    • Article
      Lock icon Pertamina boosts purchases ahead of festive season
      194 14 Reuters [SINGAPORE] Indonesia’s Pertamina has bought 1.2 million barrels of spot gas oil for August delivery, after importing 3.7 million barrels to meet stronger demand during the fasting period and ahead of the festive season, traders said yesterday. The state-run company could purchase
      Reuters  -  194 words
    • Article, Illustration
      Lock icon M’sian firms raise payout to directors last year: survey
      367 14 [KUALA LUMPUR] Malaysian Business magazine’s annual survey revealed that listed companies had paid out higher remuneration to their directors in 2009 compared with the year before. Interestingly, several companies with huge losses also rewarded their directors with huge payouts. The survey,
      FILE PHOTO  -  367 words
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      34 14 AAdvance Yo Career UniversityofOregon AppliedInformationManagement Master ScienceDegreeProgram YYoumanageinformation. AIMhelpsyoumaster TheAIMProgramprovidesstudentswith: Classesofferedentirelyonline Practicalknowledgethatcanbeapplied ta t at work AA flexiblepart-timeschedulefor workingprofessionals Norequiredon-campusresidency TheAIMProgramcurriculumincorporates: Informationmanagementanddesign Businessmanagement Appliedresearch Networkwithcurrentstudentsrepresentinganarray professionalorganizations,including Microsoft,Boeing, Hewlett-Packard, andIntel. http://aim.uoregon.edu aim@uoregon.edu 541-346-4231 Anequal-opportunityaffirmative-actioninstitutioncommitted culturaldiversityandcompliancewiththeAmericanswithDisabilitiesAct.
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      418 14 ©2010 Ernst Young LLP. All Rights Reserved. n Financial reporting update 2010 Thursday, 26 August 2010 8:30 a.m. -1:00 p.m. Venue Marina Mandarin Singapore Level 1, Taurus/Leo Rooms 6 Raffles Boulevard Marina Square Singapore *****4 Registration closes on Monday, 23 August 2010 Registration/Enquiries Karin Fong Tel: +65 6309 6954 Fax:
      418 words
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  • GREATER CHINA
    • Article
      Lock icon Reforms bring China closer to ‘big bang’
      562 15 Nomura cites new pilot scheme to allow foreign institutions access to its capital markets Bloomberg [SINGAPORE] China may be on the cusp of a “big bang” as it allows foreign investors increased access to its domestic capital markets, according to Nomura Holdings Inc.
      Bloomberg  -  562 words
    • Article, Illustration
      Lock icon Foxconn reaches out to workers to halt suicides
      505 15 AP Bloomberg [HONG KONG] Foxconn Technology Group, maker of Apple iPhones and Sony games consoles, plans to increase its China workforce by as much as 40 per cent and locate factories closer to the homes of its migrant workers after a series
      AP; Bloomberg; AFP  -  505 words
    • Article
      Lock icon US tells China to boost trade role in Latin America
      245 15 Reuters [BEIJING] The US hopes China can play a greater role in bringing development and jobs to Latin America, an area where Chinese investment and trade is small but growing fast, a senior US official said yesterday. “We very much
      Reuters  -  245 words
    • Article
      Lock icon Everbright shines on first day of trading
      264 15 Reuters [SHANGHAI] China Everbright Bank shares closed up 18 per cent on their Shanghai debut, trumping first-day performance forecasts for the US$3 billion initial public offering (IPO), boding well for at least US$20 billion in China bank fundraising in the pipeline. The share
      Reuters  -  264 words
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      8 15 www.omy.sg BSCSB liu http^eawmY^S PSHfiS i31S <er http://showbiz.omy.sg
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      133 15 institute for adult learning singapore Apply for the Continuing Education and Training (CET) Innovation Fund. The CET industry is constantly evolving to keep pace with the changing world. To foster a vibrant, inventive adult education sector that encourages constant innovation, the Institute for Adult Learning brings you the CET Innovation
      133 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Lock icon Page 15 Miscellaneous Column 1
      33 15 h'Oi-J JACKPOT n 4 t' C ry CO CO TODAY RCB Reg No: *****0202G Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepoois.com.sg Towards Community Purpose and Benefit SINGAPORE
      33 words
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  • INDIA
    • Article, Illustration
      Lock icon Car parts shortage means long wait for buyers
      743 16 Local component suppliers taken by surprise by surge in vehicle demand Bloomberg [MUMBAI] Utkarsh Parasrampuria, a Mumbai jewellery designer, has waited about three months to receive his new Volkswagen AG Polo. He’s still not sure when it will arrive. “This just goes
      Bloomberg; REUTERS  -  743 words
    • Article
      Lock icon Reliance, CBS to launch 3 new TV channels in South Asia
      210 16 AFP [MUMBAI] Reliance Broadcast Network Ltd and CBS Studios International are to launch three new television channels in India and South Asia, the companies announced yesterday. The English-language channels dedicated to general entertainment, youth and women are due to
      AFP  -  210 words
    • Article
      Lock icon India may cap nuclear liability, opening doors
      479 16 Bloomberg [NEW DELHI] India is set to introduce a revised bill to cap liability for nuclear accidents, resolving a two-year standoff that has kept companies including General Electric Co (GE) out of the nation’s US$175 billion atomic energy market. Nuclear Power Corp of
      Bloomberg  -  479 words
    • Article
      Lock icon Mine controversy: Vedanta willing to relocate
      337 16 AFP [NEW DELHI] Vedanta Resources is willing to relocate a controversial mine planned on land considered sacred by tribal groups in India, the company’s boss was quoted as saying yesterday. Vedanta’s plans suffered a blow this week when a report commissioned by India’s Environment
      AFP  -  337 words
  • Page 16 Advertisements
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      1438 16 VOLUNTARY CONDITIONAL CASH OFFER by ANZ SINGAPORE LIMITED (Company Registration No.: *****2937W) (Incorporated in the Republic of Singapore) for and on behalf of PEAK RETAIL INVESTMENTS PTE. LTD. (Company Registration No.: *****0755C) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the capital
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Australia’s Labor govt headed for narrow win: poll
      698 17 Victory will pave the way for mining tax and possible carbon trading scheme Reuters [CANBERRA] Australian Prime Minister Julia Gillard’s Labor government will narrowly win Saturday’s election, a Reuters Poll Trend showed yesterday, paving the way for a controversial mining tax and
      Reuters; AFP  -  698 words
    • Article
      Lock icon Levi Strauss launches new global brand in China
      551 17 AP [SHANGHAI] Jeans maker Levi Strauss Co launched a new global brand in China yesterday, joining a growing list of companies that hope to crack this fast-growing and youthful market by tailoring their products to Chinese tastes. From Nissan sedans to watches
      AP  -  551 words
    • Article
      Lock icon Carbon profit grows on trees as NZ farmers ditch sheep
      603 17 [AUCKLAND] New Zealand’s sheep farmers are flocking to a government carbon trading programme that pays more to plant trees than sell wool and mutton. The system, begun in 2008 and the only one of its kind outside Europe, awards farmers
      603 words
    • Article
      Lock icon PICTET FUNDS
      267 17 Pictet-Absl Rtn Glo Cons-P EUR 13.08.2010 EUR 98,35 Pictet-Absl Rtn Glo Div-P EUR 13.08.2010 EUR 108,29 Pictet-Asian Equities Ex Japan-P USD 13.08.2010 USD 162,53 Pictet-Asian Local Currency Debt-P USD 13.08.2010 USD 133,25 Pictet-Biotech-P USD 13.08.2010 USD 260,56 Pictet-CHF Liquidity-P 13.08.2010 CHF 124,12 Pictet-Clean Energy-P USD 13.08.2010 USD 73,58
      267 words
    • Article
      Lock icon S Korea, EU set to seal free trade deal in Oct
      308 17 Xinhua [SEOUL] South Korea and the European Union (EU) are expected to ink the bilateral free trade agreement (FTA) in October, South Korea’s trade ministry said yesterday. “As for now, we expect the EU will be able to get
      Xinhua  -  308 words
  • Page 17 Advertisements
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      78 17 RoyalCaribbean SPECIAL PROMO! Book by 20th Aug '10 Legend of The Seas (Nov '10 Feb '11 Sailing) 2N Weekend Cruise from $326 T r Note: Terms Conditions Applies 3N Best of Malaysia from $465 Taxes Fees fr $51 $91 4N Isles of Southeast Asia from $520 5N 6N Spice of
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      405 17 w MATS NOTICES BUY IT• SELL IT- FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HOTEL ASIA PRIVATE LIMITED (In Members' Voluntary Liquidation) Reg No. *****1000M ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and
      405 words
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      334 17 LOST SHARE CERTIFICATES Thefollowingsharecertificateshavebeenreportedlost,destroyed mislaid:Name Company CertificateNo. nI n In theName No. Shares YYing International *****24 NewestLuckHoldings 235,434,754 Real Estate Limited Limited GuocolandLimited *****48 ChangChuShien 8,000 Oh yeHin NOTICE HEREBYGIVENthat withinfourteen(14)daysfromthedatehereof noclaims representations respect theabove-mentionedcertificatesare made theRegistrars,replacementcertificateswillbeissuedandtheoriginal certificates will be deemed duly cancelled and void. Registrar’ Office B.A.C.S.PRIV TELIMITED 63
      334 words
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  • WORLD
    • Article
      Lock icon German reliance on exports may backfire
      720 18 Without strong domestic demand, it’s vulnerable to a global slowdown Bloomberg [BERLIN] Germany may have become too competitive for its own good. With exports driving the fastest economic growth since reunification, consumers are failing to respond in kind as companies from Siemens AG to
      Bloomberg  -  720 words
    • Article
      Lock icon BHP makes hostile bid for Potash Corp
      302 18 Bid values world’s largest fertiliser maker at US$40b AFP [LONDON] Anglo-Austral-ian mining giant BHP Billiton yesterday launched a hostile takeover bid for Canada’s Potash Corp which values the world’s largest fertiliser producer at about US$40 billion. “BHP Billiton today announced its intention to
      AFP  -  302 words
    • Article, Illustration
      Lock icon PUBLIC ART D(R)IVE
      73 18 [SANTA MONICA BOULEVARD] A neon figure displayed on Santa Monica Boulevard, the historic Route 66, in West Hollywood, California earlier this month. ‘On Route 66 Lights’ is a special Art on the Outside project in celebration of the City of West Hollywood’s 25th Anniversary of Cityhood. Art
      AFP  -  73 words
    • Article
      Lock icon Eurozone bond spreads seen holding
      560 18 Global slowdown fears may derail recent tightening Reuters [LONDON] The growing risk of a global economic slowdown could scupper any further tightening of peripheral eurozone bond yield spreads, which will also depend on sovereigns successfully selling debt into a volatile market. Amid concern over the
      Reuters  -  560 words
    • Article
      Lock icon EMI may need more funds to deal with debt
      395 18 Reuters [LONDON] EMI’s parent company said yesterday further equity injections may be needed, particularly in 2011, as the music group continues to struggle under the weight of its debt in spite of an improved trading performance. The music business, controlled by
      Reuters  -  395 words
    • Article
      Lock icon Latinos, African Americans hit hard by mortgage defaults
      348 18 Xinhua [LOS ANGELES] Latinos and African Americans are about twice as prone to foreclosures in California, being more likely to receive higher-cost sub-prime mortgages than their non-His-panic white counterparts, a study released on Tuesday finds. The Latino and African American communities constitute
      Xinhua  -  348 words
    • Article, Illustration
      Lock icon Calm before the storm in the UK after 100 days of coalition govt
      695 19 However, there is a growing dissatisfaction within the ranks AFP [LONDON] Britain’s coalition government marked its first 100 days yesterday with Deputy Prime Minister Nick Clegg claiming it had surprised many with action not paralysis, though sweeping
      AFP  -  695 words
    • Article
      Lock icon Goldman, Eurotunnel group bulks up for UK rail bid
      240 19 Reuters [LONDON] Goldman Sachs and Groupe Eurotunnel have expanded their bidding group for Britain’s only high-speed rail line, a consortium spokesman said on Tuesday, as first-round bids were due for the £1.5 billion (S$3.1 billion) route. The British government is selling
      Reuters  -  240 words
    • Article
      Lock icon Dow could tumble to 8,000: analyst
      353 19 Bloomberg [LONDON] US stocks could sink by more than 20 per cent if the neckline of a head-and-shoulders pattern on the Dow Jones Industrial Average is breached, according to Elliott Wave International Inc’s Robert Prechter. “The coming months hold the potential to be the
      Bloomberg  -  353 words
    • Article
      Lock icon Latin America seen stepping up forex intervention
      761 19 Reuters [SANTIAGO] South American policymakers will likely step up intervention to stem surging currency gains, but they tread a fine line that risks fuelling inflation and could even put the brakes on a regional rate up-cycle. Lured by higher interest rates and economic
      Reuters  -  761 words
    • Article, Illustration
      Lock icon ArcelorMittal deals meeting resistance
      447 19 Bloomberg [JOHANNESBURG] ArcelorMittal South Africa’s sale of shares to black investors linked to government and plans to buy a company with ties to one of the sons of the nation’s president are “seriously embarrassing” and should be stopped, unions said. The Congress of South Africa Trade
      Bloomberg; AP  -  447 words
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  • Page 19 Advertisements
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      18 19 -S- <Si tk Lianhe Zaobao SUPPIV Chain Asia to make S'pore "Mecca" for Asian logistics supply chain personnel
      18 words
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      39 19 SHOLAY.. 35 YEARS ON *'L t tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY DARING DEV Dev Patel wants Hollywood to see him as more than just the "goofy Indian sidekick" tit GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS
      39 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Quicker response needed to aid Pakistan
      515 20 EDITORIAL THE World Bank’s move on Tuesday to release US$900 million to help fund relief efforts for Pakistan’s flood disaster underscores the urgency of the situation and hopefully, would help galvanise global response to the calamity. So far, the world has been slow to
      515 words
    • Article, Illustration
      Lock icon Meteoric rise of another controversial Indian tycoon
      790 20  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT LATE Indian industrialist Dhirubhai Ambani used to say that at every radical stage of growth you have to move into a new orbit where the rivalries and
      790 words
    • Article, Illustration
      Lock icon Commonsense the way forward for the West
      919 20  -  Recovery so far has been caused by natural economic forces, not by Obama or Fed’s policies NEIL BEHRMANN London Correspondent WESTERNnationsare in urgent need of commonsense policies to regenerate their ailing economies. Clearly, the monetary and Keynesian fiscal policies that were instituted during
      BLOOMBERG  -  919 words
    • Article, Illustration
      Lock icon A win-win game for China, Japan
      1046 21  -  Rather than quibble about the size of their economies, Beijing and Tokyo should cooperate to create sustainable growth ANTHONY ROWLEY Tokyo Correspondent NEWS this week that the size of China’s economy surpassed that of Japan’s in the second quarter of 2010 generated a good
      BLOOMBERG  -  1,046 words
    • Article, Illustration
      Lock icon Waning competitiveness is what really ails the West
      953 21  -  Stimulus is prescribed as a panacea for recession. But in today’s global economy, it isn’t effective in the best of circumstances, and is outright wrong for solving Western countries’ problems ANDY XIE The writer is an independent economist based in Shanghai and
      AP  -  953 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      106 20 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, *****4 PHONE: 6319-6319 FAX: 6319-8277 INTERNET: http://business-times.asia1.com.sg EMAIL: Press releases: btnews@sph.com.sg Letters to the Editor: btletter@sph.com.sg OPS DESK: 6319-5360 CUSTOMER SERVICE 6388-3838 Chief Executive Officer Singapore Press Holdings ALAN CHAN Senior Exec Vice-President (Marketing) LESLIE FONG Editor-in-Chief (English
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  • AVIATION
    • Article
      Lock icon Chatter over mobile-phone use on flights
      820 22 Its supporters call bans outdated and unfair; opponents counter it’s unsafe and annoying Reuters [CHICAGO] A battle is brewing in the court of public opinion and in Congress over whether US aeroplane passengers should be allowed to use mobile phones in flight as many
      Reuters  -  820 words
    • Article
      Lock icon AirAsia’s Q2 earnings jump 43% to RM199m
      227 22 AP [KUALA LUMPUR] Budget carrier AirAsia said yesterday second quarter profit surged 43 per cent, buoyed by strong passenger growth and rising income from in-flight services. Profit for the three months through June rose to RM199 million (S$85 million) from RM139.2 million a
      AP  -  227 words
    • Article, Illustration
      Lock icon King’s rainmakers take to the skies to ease Thai drought
      482 22 AFP [HUA HIN, Thailand] High above Thailand’s parched landscape, the kingdom’s fleet of intrepid royal rainmakers work their meteorological wizardry. A squadron of 20 aircraft plunges through the clouds firing a cocktail of chemicals that they hope will provoke a
      AFP  -  482 words
    • Article
      Lock icon UK travel firm collapse ruins vacationers’ plans
      235 22 Kiss Flights demise comes after Sun4u folded last week AFP [LONDON] Budget travel firm Kiss Flights has become the latest British holiday company to collapse, leaving plans for tens of thousands of holidaymakers in tatters. The company which operated flights to Greece, Egypt,
      AFP  -  235 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3047 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836
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    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4159 23 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.
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      327 22 CRYPTIC CROSSWORD Across 1 A saint is repeatedly going around his town? (6) 4 Irregular picadors getting into trouble (8) 9 Twist vehicle around in underground tunnel (6) 10 Give account of some French bed to English (8) 11 Damaged net at home could be this (4-5) 13 Dance as
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  • Page 23 Advertisements
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      34 23 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES int. UUJIIMCJJ IIIVILJ SHIPPING TIMES
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  • Article, Illustration
    Lock icon Bounce in global trade lifts Maersk and DP World
    558 24 Both firms bullish about prospects after H1 earnings beat estimates Reuters [DUBAI] A recovery in global trade lifted profits at key port and shipping operators yesterday and promised even better results in the second half of the year. Danish shipping and
    Reuters; BLOOMBERG  -  558 words
  • Article
    Lock icon Panalpina sees strong global freight demand
    321 24 Reuters [SINGAPORE] Swiss logistics group Panalpina said it was “cautiously optimistic” that China’s economy would remain strong for the next few years, driving global demand for air and ocean freight. Panalpina, along with rivals Kuehne Nagel and Deutsche Bahn’s Schenker are slowly recovering from
    Reuters  -  321 words
  • Article
    Lock icon Singamas sees better H2 margins
    357 24 Reuters [HONG KONG] Singamas Container Holdings, the world’s No 2 shipping container maker, expects gross margins to rise from the first half of the year on strong demand as global trade recovers, its CEO said yesterday. The company expects to make 550,000 twenty-foot equivalent units
    Reuters  -  357 words
  • Article
    Lock icon China Shipping earnings jump 60% in H1
    444 24 It cites higher rates for transporting iron ore, coal and grains Bloomberg [HONG KONG] China Shipping Development, the dry-bulk arm of the nation’s second-biggest shipping group, said first-half profit rose 60 per cent as rates for transporting iron ore, coal and grains increased.
    Bloomberg  -  444 words
  • Article
    Lock icon TRANSPORT STOCKS
    278 24 SGX '000 Aug 18 S$ +/-Vol CH Offshore 0.53 -0.01 2469 Chuan Hup Hldg 0.26 -0.01 100 Cosco Corp 1.55 -0.02 5974 CWT Ltd 0.89 unch 717 Ezra Hldgs 1.84 unch 3309 First Ship Lea 0.40 unch 331 Freight Links 0.06 unch 2161 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8961 25 Transaction date: Aug 18 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 12 3148 8Telecom 18 unch 220 18.5 18 18 18.5 1.7 10.1 5.8 86.2 12 6 5834
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    • Article
      Lock icon SGX CATALIST
      1949 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 5 1181 t AA Grp 5 -0.5 20 5 5 4.5 5.5 27.8 4.8 225 130 6222 t APStrategic 185 178
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9471 26 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!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.9657/0.9657 AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • Article
      Lock icon SGX ETF
      765 26 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 $mil 124 107 6389 ABF SG Bond ETF 118 113.5 120 538.6 913 710 CIMBAsean40 100US$ US905 +13 60 905 902 905 910 36.2 306
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    • Article
      Lock icon CLOB INTERNATIONAL
      74 26 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 $mil 56 36.5 6000 AVJennings A45.5cd 43.5 50.5 3.6 7.7 3.6 118.5 31 16 6017 Genting HK US$ US27.5 unch ***** 28.5 27 27.5 28
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 17 Index Change Change Change Change Change Change World Index Preliminary 806.0 1.3 -3.2 0.8 -7.5 1.3 -4.1 EAFE Preliminary 747.1 0.9 -4.8 0.4 -10.2 0.9 -7.0 Europe Preliminary 1097.2 1.4
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    • Article
      Lock icon INTERBANK RATES
      180 27 Aug 18 $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.12 US$ 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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    • Article
      Lock icon US$/S$ FORWARD RATES
      21 27 Aug 18 Bid Offer 1-month 1.3550 1.3563 2-months 1.3549 1.3562 3-months 1.3548 1.3561 6-months 1.3545 1.3557 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 27 Aug 18 As at 9am Aug Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2150 1.2520 Can dollar 1.3050 1.3210 Euro 1.7330 1.7530 NZ dollar 0.9560 0.9770 Sterling pound 2.0960 2.1210 US dollar 1.3460 1.3620 Local dollars to 100 units of
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 27 Aug 18 Open High Sett STI Aug 2916 2916 2912 SIMSCI Aug 343.7 345.5 343.9 Taiwan Aug 279.2 281.6 277.8 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 27 Aug 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2771 2735 2771 2720 271 6845 Oct 10 2686 2650 2686 2639 4251 ***** Nov 10 2650 2610 2652 2592 ***** ***** Dec 10 2645 2602
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      427 27 Aug 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6475 0 717 Dec10 99.5900 0 2451 Mar11 99.5200 0 2551 Jun11 99.4150 0 2454 EUROYEN TIBOR FUTURES Sep10 99.6575 99.6575 99.6575 99.6575 0 3678 Dec10 99.6950 100 1823 Mar11 99.7100 0 2043 Jun11 99.7200 99.7200
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    • Article
      Lock icon SICOM FUTURES
      146 27 Aug 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 334.0 333.0 334.0 34 Oct 10 330.0 Nov 10 329.0 329.0 329.0 40 Dec 10 329.0 327.5 327.5 172 Jan 11 327.5 Feb 11 328.0 Mar 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 27 Aug 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18.11.2010 0.28 0.22 0.22 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 104.29 104.33 104.30 5-Year N*****0N 1.375 01.10.2014 103.02
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    • Article
      Lock icon CHICAGO BOT
      105 27 Aug 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1045.25 1034.00 1047.75 1029.50 Nov 10 1042.00 1031.50 1044.25 1027.50 Jan 11 1048.50 1037.75 1050.75 1033.00 Mar 11 1050.25 1039.75 1051.25 1035.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 41.59 41.45 41.87
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Aug 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.35 2.13 WTI (Near Mth) 75.68 0.47 Dubai (1-Mth F) 74.71 0.96 Tapis blend 81.70 1.60 Minas 76.90 0.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.05 -0.06 Jet Kerosene 84.75 -0.50 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2417 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39 1 150 2 4.74 45 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86 18 2036 Advance SCT Ltd W*****9 0.5 1 87 2400
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      Lock icon INTERBANK CROSS RATES
      464 27 Aug 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.929 6.111 0.700 6.991 41.975 80.699 0.769 10.561 2.842 1.264 77.024 40.574 1.219 6.554 0.936 28.726 28.474 0.580 0.900 Canada 1.077 6.580
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    • Article
      Lock icon SIBOR
      85 27 Aug 18 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Aug 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2188 1.2201 0.8994 0.8996 Canadian dollar 1.3123 1.3141 0.9684 0.9689 Euro 1.7402 1.7420 1.2842 1.2844 NZ dollar 0.9636 0.9651 0.7111 0.7116 Sterling pound 2.1028 2.1055 1.5518 1.5524
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    • Article
      Lock icon PRECIOUS METALS
      137 27 Aug 18 GOLD (US$/oz) Aug 17 Aug 18 Hong Kong 1226.70 1222.50 Aug 16 Aug 17 London 1224.10 1225.85 1224.85 1226.60 Source: Thomson Reuters CAST BAR Aug 18 (S$) Selling Buying Kilobar 57,190.43 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 53 5gm 363.8 267 10gm 649.49
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      Lock icon LONDON METALS
      71 27 Aug 17 Aug 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2131.00 2113.50 3 months 2141.00 2118.00 Copper, Grade A (US$/tonne) Cash 7359.25 7224.50 3 months 7382.00 7250.00 Lead (US$/tonne) Cash 2102.00 2066.75 3 months 2130.00 2095.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon LIFFE
      82 27 Aug 17 COCOA (£/tonne) Close Prev High/Low Sep 10 2077 2104 2119/2073 Dec 10 2034 2033 2055/2020 Mar 11 2049 2047 2066/2030 May 11 2065 2062 2082/2046 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1744 1730 1752/1725 Nov 10 1786 1770 1797/1768 Jan 11 1799 1780 1806/1780 Mar 11
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  • BizIT
    • Article, Illustration
      Lock icon Yahoo! mulls data centre in Singapore
      701 28  -  Online giant on a roll in South-east Asia, will hire 100 professionals this year, reports RAJU CHELLAM RAJU CHELLAM ONE of the world’s biggest IT companies, Yahoo! Inc, is thinking of setting up its first Asia data centre (DC) in Singapore. “We’re still at
      701 words
    • Article
      Lock icon Search giant back on the prowl
      351 28  -  By RAJU CHELLAM IN January 2009, Carol Bartz took over as CEO of Yahoo! Inc and sent this missive to all Yahoo! staff: “Look for this company’s brand to kick ass again.” More than a year later, the company is still very much in
      351 words
    • Article
      Lock icon Many Singapore firms ill-prepared for new law, says HP official
      766 28  -  Survey finds 80% of data stored by firms is unstructured By AMIT ROY CHOUDHURY WHILE Singapore may have introduced a new law last year requiring firms to produce electronic information as evidence in court when requested, companies here continue to
      766 words
    • Article
      Lock icon India may be near resolution of BlackBerry dispute
      397 28 NYT [MUMBAI] Indian officials and Research in Motion (RIM), the maker of popular BlackBerry devices, appear to be making progress toward resolving a battle over the government’s ability to monitor encrypted email and instant messages. Government officials, wireless phone companies and RIM
      NYT  -  397 words
    • Article, Illustration
      Lock icon Lawson rides manufacturing boom in Asia
      870 28  -  By VICTORIA HO ENTERPRISE resource planning (ERP) software company Lawson is betting big on the Asia-Pacific region where it sees robust growth over the next five years. Speaking to BizIT, Lawson’s CEO Harry Debes noted that currently business from the region makes up just
      870 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Downtown housing project in Oakland revived
      1236 29 New developer opts for rental units to woo people working in San Francisco NYT [OAKLAND, California] When first conceived by its original developer, Oakland City Walk seemed a safe bet. The four-building condominium complex stands two blocks from the ornate tower of City Hall
      NYT; BLOOMBERG  -  1,236 words
    • Article, Illustration
      Lock icon Luxury hotelier Nazarian shops in New York and renovates in Florida
      865 30 He says 2006-2007 frenzy is coming back, with any hotel deal in key markets getting 40-50 bids per asset Bloomberg [LOS ANGELES] Sam Nazarian, the US hospitality entrepreneur who played himself on HBO’s Entourage, plans to renovate the Ritz
      Bloomberg; BLOOMBERG  -  865 words
    • Article, Illustration
      Lock icon Landmark site at City Hall draws 14 bids
      505 31  -  Far East submits 3 separate bids, Wing Tai and a consortium 2 each By UMA SHANKARI [SINGAPORE] Ten developers and consortiums handed in 14 different bids to buy and redevelop a landmark commercial site at City Hall with the historic Capitol Theatre,
      FILE PHOTO  -  505 words
    • Article
      Lock icon US architecture billings index rises in July
      274 31 Reuters [NEW YORK] A closely watched leading indicator of US non-resi-dential construction spending rose in July but remained at a level that indicates falling demand for the 30th consecutive month, an architects’ trade group said yesterday. The Architecture Billings Index was up 1.9
      Reuters  -  274 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 18 WITH CONTRACT DATES BETWEEN JULY 21 AND JULY 27, 2010
      1687 32 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 26/07/2010 99 883 1642 1860 The Sail Marina
      1,687 words
    • Article, Illustration
      Lock icon Demand for JTC industrial space mixed in Q2
      406 32  -  Net take-up of its ready-built facilities turns negative while prepared industrial land demand rises By EMILYN YAP [SINGAPORE] JTC Corporation has turned in a mixed report card for the second quarter in terms of demand for its industrial properties. Net take-up of
      FILE PHOTO  -  406 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      23 29 The Twins At Balmoral Crescent 2 storey Penthouse 4 bedroom ensuite, 4499 sq ft Freehold Unblock, facing Goodwood Hill Call 9847 1311/9183 3547
      23 words
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      Lock icon Page 29 Advertisements Column 2
      125 29 8 Nassim Hill Townhouses Penthouses Lift to every floor Freehold. Foreigners eligible Good investment value Immediate occupation Private ionize pool lawn 4 5 ensuite bedrooms Size 3218 sq ft 5759 sq ft Viewing by appointment only. Residential 9847 1311 Sentosa Island Sandy Island 18 villas with pontoon 5 luxurious bedrooms
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      Lock icon Page 29 Advertisements Column 3
      298 29 adv Large Oceanfront Bungalow Land in Sentosa Cove -<■- One of the largest oceanfront land parcels approx.18,000 sq ft Opportunity to build your own bungalow approx.14,000 sq ft max. Rare dual views Front: Waterway view, Rear: Sea view Sea frontage: approx. 32m wide For more information, please contact: VIVIENNE K00
      298 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      111 30 Stevens MRT Sites at Robin Drive 200m to Stevens MRT B A Subject Site Dist. 10, Robin Court adjoining plot Land 40,518 sf, GPR 1.4 5-sty; FH Less than 200m to Stevens MRT Station Within 1km to SCGS ACS (Barker Rd) Potential for 60 apts of average 1,000 sf 6227
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      Lock icon Page 30 Advertisements Column 2
      218 30 FOR SALE BY TENDER joneslanglasalle.com.sg NEW LAUNCH Redevelopment Site Along Owen Road 13 Adjoining Shophouses 100% Consensus Total Site Area: 15,388 sq ft (approx) Zoning: Residential with Commercial at 1st Storey Freehold Plot ratio: 3.0, up to 5 storeys In close proximity to City Square Mall, Mustafa Centre, Peh Kio
      218 words
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  • Page 31 Advertisements
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      263 31 375 Mu lfS£rce£ LONDON ROYAL BOROUGH OF KENSINGTON CHELSEA E m, as if I n m t, i rf m s r A PRESTIGIOUS COLLECTION OF APARTMENTS PENTHOUSES A rare and unique opportunity in Kensington Located adjacent to Holland Park, Knightsbridge and Chelsea A new 999 year lease Residents' private
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      288 31 Single-Storey Warehouse For Lease Located along Tuas South Ave 3 Total gross floor area 323,835 sq ft High ceiling of up to 10m Heavy floor loading of up to 20 KN/m 2 Far East Organization INSPIRING BETTER LIVES (2 For leasing enquiries: Call *****422 www.fareast.com.sg PRIME FREEHOLD RESIDENTIAL REDEVELOPMENT SITE
      288 words
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      117 32 COLLECTIVE SALE SELEGIE CENTRE 189 SELEGIE ROAD SINGAPORE *****2 DIST 7 FREEHOLD PLOT RATIO 4:2 ZONED COMMERCIAL MRT 2 5 MINS WALK TO LITTLE INDIA DHOBY GHAUT/BUGIS CIRCLE LINE STATIONS 10 STOREY BLDG 33 SHOPS UNITS 25 APTS GROUND AREA 903.85 SQ M/ 1214.7 SQ M NO DC CHARGE FOR
      117 words