The Business Times, 24 August 2010

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Microfilm: NL30858
Total Pages: 46
1 14 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, August 24,2010
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  • Article
    Lock icon Mortgage default rates halve in two years
    754 1  -  Credit bureau cites buoyant property, stable job markets By MICHELLE QUAH [SINGAPORE] Mortgage default rates in Singapore have fallen dramatically in the last two years, as a buoyant property market and a stable employment situation helped individuals repay more easily. According to figures
    754 words
  • Article
    Lock icon Residential sector may lead hike in DC rates
    985 1  -  Marina Bay, Circle Line could give rates a nudge; collective sales may feel fallout By KALPANA RASHIWALA [SINGAPORE] Development charges are set to appreciate further, led by the residential sector which has seen brisk land deals. These charges are payable to enhance
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  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,925.99 (-10.49) ST INDEX FUTURES 2,922 (-10) SIMSCI 344.22 (-1.25) SIMSCI FUTURES 343.50 (-1.10) FOREX US$ S$ US$ (S$ per US$) 1.356 (US$/S$ per 1.557 2.112 EURO (US$/S$/E) 1.270 1.722 Foreign currency per US$ S$ YEN 85.40 63.00 RM 3.133 2.310 HK$ 7.775 5.734 BAHT 31.49
    141 words
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      135 1 YOUTH OLYMPICS A Singaporean silver lining PAGE 4 A$ JITTERS SingTel seems most vulnerable PROPERTY More buyers spend above $1m on homes PAGE 32 SME INC Plastic made over PAGE 2 PAGE 12 The business of time You are looking at the world’s most expensive and most complicated watch. Find
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      3 1 8 '*****1 *****4
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  • TOP STORIES
    • Article
      Lock icon SingTel may suffer fallout from A$ jitters
      714 2  -  Its Australian unit, Optus, accounts for over 60 per cent of group revenue By LYNETTE KHOO [SINGAPORE] While risks of a political stalemate in Australia are putting the Aussie dollar under pressure, the currency weakness is seen as a short-term blip with muted
      714 words
    • Article
      Lock icon Gillard vows to retain mining tax
      317 2 AFP [SYDNEY] Australia’s embattled Prime Minister Julia Gillard yesterday vowed to retain a controversial tax on mining profits if she succeeds in forming a government following deadlocked national polls. Ms Gillard said she had brokered an agreement with the mining sector ahead of last
      AFP  -  317 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      592 2 Residential sector may lead hike in DC rates DEVELOPMENT charges in Singapore are set to appreciate further, led by the residential sector which has seen brisk land deals. These charges are payable to enhance or intensify the use of some sites. Property consultants suggest that DC rates for
      592 words
    • Article, Illustration
      Lock icon A Singaporean silver lining
      694 4  -  COMMENTARY LEE U-WEN Deputy Foreign Editor SHE raised the roof in Kallang with every point she scored, but Singaporean paddler Isabelle Li just could not muster enough to deliver the gold medal finish that an entire nation was hoping for last night. In the end, she
      XINHUA  -  694 words
    • Article
      Lock icon Philippine bus hostage crisis ends
      735 4 At least 7 hostages dead; gunman is killed by police AFP [MANILA] A dramatic hostage siege in the Philippine capital involving a busload of Hong Kong tourists ended after 12 hours yesterday with several captives walking free and at least 7 hostages dead. The gunman,
      AFP  -  735 words
    • Article
      Lock icon National Day Rally Speech on Sunday
      239 4 [SINGAPORE] Prime Minister Lee Hsien Loong will deliver his National Day Rally (NDR) Speech 2010 at 6.45pm on Sunday. From 6.45pm to 7.30pm, Mr Lee will deliver his speech in Malay and then in Mandarin. From 8pm to 10pm, he will speak in English.
      239 words
    • Article
      Lock icon AIMS AMP Reit plans $79m rights issue
      610 4  -  Funds raised to buy warehouse and logistics facility By NISHA RAMCHANDANI [SINGAPORE] AIMS AMP Capital Industrial REIT (AIMSAMPIREIT) is looking to acquire a ramp-up warehouse and logistics facility for $161 million, which will be partially funded through a rights issue. It has proposed
      610 words
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      409 2 KPMG Seminar Series SINGAPORE a~íÉ Tuesday, 28 September 2010 cáå~åÅá~ä oÉéçêíáåÖ pí~åÇ~êÇë 2010 Update (Second Run) Financial professionals need to keep abreast of changes in accounting and qáãÉ 9.00am to 5.00pm financial reporting requirements to effectively protect their organisation~s sÉåìÉ Orchard Hotel, Singapore marketplace credibility. pÉãáå~ê cÉÉë Client S$480.00 per
      409 words
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      173 words
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      68 3 i StfViv '."4i >■•7. 4 L&: > aMMSb >' J BS v* A BUILDING SO GREEN, SO HUMAN Safe v.* IT CAPTIVATES HEARTS AND MINDS. 5*1 .if .-.'•.-I _.sM£ M Vi JUw 'n a? ft ti I ,i,. /i y V «i I >• •>&' L :-ja i s 1
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      95 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Rest assured. Now you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses Feather Down Pillows/Quilts BWM Bedding Accessories more! #01-15/16 The
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      25 4 1JFIND THE ONES 1 v > THAT FIT! C Recruit the right people through CATS Recruit. Call 1800 289 8822 or email \recruit@sph.com.sg j to advertise.
      25 words
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      78 5 MGPA In Asia Square, we created the perfect work, play, live, grow environment that defines the new Marina Bay downtown. Where people love their green office space, the abundant daylight, the fresh air, the lush greenery. Little wonder that Asia Square has won the BCA Green Mark Platinum and US
      78 words
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  • COMPANY NEWS
    • Article
      Lock icon 2009 listings: S’pore sixth among 13 mid-cap markets
      751 6  -  SGX ushered in 22 IPOs, a number it looks set to beat this year By JAMIE LEE SINGAPORE has been ranked sixth globally in terms of the number of listings brought in last year among 13 mid-cap markets, according to a survey
      751 words
    • Article, Illustration
      Lock icon Transcu CEO settles dispute over debt
      490 6  -  By JAMIE LEE TRANSCU Group’s chief executive has agreed to settle a dispute with Bellezza Club Japan (BCJ), which had seized his controlling stake in Transcu as part of a debt claim by BCJ. The issue came to light in January this year after
      FILE PHOTO  -  490 words
    • Article
      Lock icon Wilmar sweetens sugar craving with 2 more purchases
      555 6  -  By ANGELA TAN NEARLY two months after Wilmar International Ltd shocked the market with its A$1.75 billion (S$2.11 billion) purchase of Australian conglomerate CSR Ltd’s sugar business, the Singa-pore-listed palm oil group yesterday unveiled two more purchases in the sugar industry, making
      555 words
    • Article
      Lock icon Reveal more on fair-value changes in commodity plays
      916 6  -  HOCK LOCK SIEW By FELDA CHAY FAIR-VALUE changes depending on which way they swing can bolster or wreak havoc on the financial bottom line of agricultural and commodities companies. This explains the often erratic nature of profitability in the industry. But while
      916 words
    • Article, Illustration
      Lock icon SingTel appoints new chief of international operations
      309 9  -  Hui Weng Cheong’s appointment comes after ‘an extensive search’, both inside and outside the group By JAMIE LEE SINGAPORE Telecommunications (SingTel) has appointed Hui Weng Cheong as CEO International. The appointment will be effective from Oct 1. Mr Hui succeeds Lim Chuan Poh
      FILE PHOTO  -  309 words
    • Article
      Lock icon SMX tie-up with TOCOM a boon for investors
      346 9  -  By LYNETTE KHOO INVESTORS trading on the Singapore Mercantile Exchange (SMX) and Tokyo Commodity Exchange (TOCOM) will soon be able to enjoy high-speed trading access to Singapore and Japan with the latest collaboration between the two exchanges. SMX and TOCOM have agreed
      346 words
    • Article
      Lock icon Silverlake to help build CIMB regional platform
      303 9  -  By RACHEL SIM SILVERLAKE Axis, a Singapore-listed company, is one of four technology players that will help the CIMB Group build a regional core banking platform costing RM1.1 billion (S$469 million). 1Platform will be implemented across Malaysia, Indonesia, Singapore and Thailand. Silverlake Axis,
      303 words
    • Article, Illustration
      Lock icon Wing Tai back in the black with $69m Q4 earnings
      518 10  -  Property group intends to focus on high-end residential sector By UMA SHANKARI PROPERTY group Wing Tai Holdings yesterday reported a return to the black for its fourth quarter ended June 30, 2010. Net profit for the quarter was $68.9 million,
      518 words
    • Article
      Lock icon High-margin drugs push C&O to record profit
      444 10  -  By LYNN KAN MAINBOARD-listed C&O Pharmaceutical has reported a 62 per cent jump in fourth-quarter net profit to HK$60 million (S$10.5 million), as revenue rose 16 per cent to HK$189.3 million. The result took the Chi-na-based drug company’s full-year net profit to a
      444 words
    • Article
      Lock icon FJ Benjamin returns to profit with $8.3m net
      415 10  -  By GRACE LEONG ROBUST consumer spending powered by a strong recovery regionwide helped propel fashion retailer FJ Benjamin Holdings Ltd’s full-year earnings back to the black, the company announced late yesterday. Its net profit for the year ended June 30 was $8.3
      415 words
    • Article
      Lock icon Ryobi Kiso Q4 net falls 52% to $5 million
      284 10  -  By RACHEL SIM RYOBI Kiso Holdings yesterday reported a 52.1 per cent drop in net profit to $5.02 million in the fourth quarter ended June 30, from $10.47 million a year ago. Revenue slid 4.8 per cent to $39.52 million from
      284 words
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      185 6 Looking for a Payroll PartnGT who... s*!S W) Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY,
      185 words
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      25 6 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS
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      119 7 Now there's a faster way to get your smartphone's data StarHub brings you the World's 1st Smartphone Intelligent Signalling Solution. J The smarter mobile network just got faster. StarHub is the world's 1st mobile network to harness Huawei's Smartphone Intelligent Signalling Solution. This revolutionary technology smoothens data interruptions and improves
      119 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Asian markets down but off lows
      579 8  -  US economic prospects prompt risk aversion; ST Index declines 10.5 points STOCKS VEN SREENIVASAN Senior Correspondent WITH the outlook for the US economy in sharp focus, risk aversion kept most key Asian markets in negative territory yesterday, though most closed off their lows. In
      Source: Bloomberg  -  579 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Aug 23 VALUE CLOSE BT OB/OS -669.00 -53.00 BT CADI -*****.00 -93.00 BT 10-day MA -*****.00 -67.00 FTSE ST Mid Cap 721.28 -0.04 FTSE ST Small Cap 535.27 -1.69 FTSE ST All Share 722.86 -2.16 FTSE ST China Top 265.97 +0.08 FTSE ST China 296.68 -0.21 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Genting SP 118,285,000 *Genting HK US$ 76,695,000 Bund Center Inv 63,168,000 Golden Agri 43,889,000 Oceanus 43,716,000 Beng Kuang 39,489,000 Informatics 37,261,000 CapitaComm 35,118,000 StyleMerc 32,239,000 Yangzijiang 23,624,000 VALUE($) Genting SP 182,970,800 DBS Grp 77,500,440 CapitaLand 65,108,690 CapitaComm 49,179,198 UOB 39,285,600 SingTel 37,602,080 Yangzijiang 35,651,510 Noble Grp
      60 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 4 0 0 0 2 9 4 Manufacturing 33 74 72 8 7 16 41 81 88 Commerce 21 21 23 4 3 7 25 24 30 Tpt/Stor/Comms 10 17 13
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon CapitaLand
        517 8 Aug 23 close: $4.02 CIMB Research, Aug 23 ASCOTT, a wholly-owned subsidiary of CapitaLand, will be injecting its interests in 28 serviced apartments in Europe (17 in France under Citadines and the Somerset brand) and Asia (eight across Singapore and Vietnam) into Ascott Residence Trust (ART) for a net
        Source: Bloomberg  -  517 words
      • Article
        Lock icon Healthway Medical
        344 8  -  Aug 23 close: $0.175 DMG Partners Securities, Aug 23 Compiled by JAMIE LEE HEALTHWAY recorded a dismal Q2 2010 net profit ($0.1 million, -97.2 per cent y-o-y), dragged down by start-up costs of its new medical centres and lower-than-expected patient load of its new specialists. As its new
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,474 12,474 38,277 38,277 Manufacturing 238,367 26,771 265,138 154,763 2,116 156,879 Commerce 139,732 15,761 155,493 119,457 2,669 122,126 Tpt/Stor/Comms 82,189 152 82,341 131,698 16 131,714 Finance 17,097 17,097 163,521 163,521 Construction 39,735 26,056 65,791 12,542
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.090 -0.020 CapitaLand 4.020 -0.030 CapitaMall 1.960 -0.010 CityDev 11.860 -0.080 ComfortDelGro 1.520 -0.010 DBS Grp 13.800 -0.160 F&N 5.450 -0.050 Genting SP 1.590 +0.090 Golden Agri 0.550 -0.005 HK Land 5.410 JMH 43.000 +0.380 JSH 24.220
      111 words
    • Article, Illustration
      Lock icon Euro under pressure, US$ falls versus yen
      457 8 CURRENCIES Reuters [NEW YORK] The euro edged lower yesterday, hurt by concerns over the euro zone economy and prospects of loose monetary policy until year-end, leading investors to bet against the single currency. Currency speculators extended euro short positions in the week ended
      Reuters; REUTERS  -  457 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 124.7 0.8 DBXT FTVietnam 10US$ 3744 81.3 1.6 DBXT iBoxxUSTr 5US$ ***** 78.6 0.3 JMH 4300 51.5 0.9 OCBC Bk 5.1%NCPS 100 ***** 28.0 0.3 DBXT MSKorea 10US$ 4813 23.1 0.4 OCC 5.1% NCPS 100 ***** 20.0 0.2 DBXT MSTaiwan 10US$
      116 words
    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN DBXT E50 10US$ 3637 -85.4 -1.7 Jardine C&C 3242 -58.0 -1.8 DBXT USDIGInfl 5US$ ***** -32.5 -0.1 DBXT iBoxxSing 5SG$ ***** -24.0 -0.2 DBXT FTChina25 10US$ 2941 -23.1 -0.6 Lyxor EasternEurope1 504 -20.3 -2.9 GLD 10US$ ***** -16.3 -0.1 DBS Grp 1380 -16.0 -1.1 SIA.ES.1008
      130 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 8 Aug 23 CHNG YR 2010 CLOSE FR Aug 20 S$ LOW S$ HIGH US$ 1.3585 -0.34 1.4219 1.3472 Euro 1.7253 0.60 2.0153 1.6886 Pounds 2.1108 0.03 2.2831 2.0003 A$ 1.2042 0.20 1.2960 1.1515 Yen* 1.5872 0.05 1.5987 1.4467 Rupiah* 0.***** -0.23 0.***** 0.***** Baht* 4.3127 -0.37
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      928 words
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      76 10 The Pulse Of Trading You know the market is bullish.Butyoudon’tknow which stock to buy. Every single heart beat is like an opportunity lost. That’s okay. With ShareInvestor’s investment management tools, you are equipped with the knowledge to invest. Through a range of streaming financial data, interactive charting tools and comprehensive
      76 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon July’s CPI edges up 1.3% from June
      406 11  -  The consumer price index was lifted by higher housing and transport costs By JAMIE LEE COST of living in Singapore rose in July compared with the previous month, reversing from a month-on-month decline in June. The consumer price index (CPI) a common indicator
      FILE PHOTO  -  406 words
    • Article, Illustration
      Lock icon Sending people off with dignity
      1379 11  -  Dover Park Hospice co-founder Seet Ai Mee sees a lot more to be done, reports TEH SHI NING TEH SHI NING SEET Ai Mee was contemplating life after politics in 1991, surveying the social sector for an area to pour her energy into, when some
      1,379 words
    • Article
      Lock icon UBS hopes to race ahead with Formula 1
      360 11  -  It will launch its sponsorship at the Singapore GP By NISHA RAMCHANDANI SWISS bank UBS is coming on board as a global partner of Formula 1 (F1), in a tie-up that will be launched at the Singapore Grand Prix next month (Sept
      360 words
    • Article, Illustration
      Lock icon ‘Inclusive workforce’ needed for future growth: Swee Say
      331 11  -  By LYNN KAN TO keep Singapore’s economy growing in the years ahead, the labour force must be more “inclusive” and productive to adjust to a more limited supply of foreign workers, said labour chief Lim Swee Say to NTUC staff, union leaders,
      331 words
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      261 11 W MATS NOTICES nI n In tthematter TheCompani Act,Cap.50 And nI n In tthematter ZHISEN BUILDIN CONSTRUCTIO (PTE) (Compan *****339Z) (InCreditor olunar Liquidation) AAtt an Extraordinar Gener Meeting he member he aboenamed Compan duly conenedandheld 336 Smit SSttrreeet, #06-300 NNeeww rB r Bridge Centr Singapo *****6 on 20 Augus 20
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  • SME Inc
    • Article, Illustration
      Lock icon Push for ‘green’ plastic bags
      1096 12  -  Winrigo has big plans to export its technology of making eco-friendly, biodegradable plastic overseas, reports LYNN KAN LYNN KAN FOR years, wheat husks from local food company Prima of Prima Deli and Prima Taste fame were carted away to its wheat milling site to be
      ARTHUR LEE  -  1,096 words
    • Article
      Lock icon Gains in some stocks offset losses in others
      442 12  -  By TEH HOOI LING OUR small cap portfolio was little changed in the last five trading sessions, with gains in some stocks making up for losses in the others. The stock which popped the most was Armstrong Industrial Corp. It surged 9.4
      442 words
    • Article, Illustration
      Lock icon How earrings help firm develop unique tag
      1042 14  -  PTS Technologies is now one of the top five RFID tag suppliers for small livestock in the UK, reports MELISSA TAN MELISSA TAN HOMEGROWNradiofrequency identification (RFID) tag manufacturer PTS Technologies partly owes its success to earrings. While designing the company’s patented livestock tag,
      ARTHUR LEE  -  1,042 words
    • Article, Illustration
      Lock icon Trio puts Singapore on navigation map
      919 14  -  They develop in-car navigation system that doesn’t use GPS By KAREN NG IN Transformers, the autobot Bumblebee transforms into a nifty Camaro, has its own idea of how to careen down the roads and faithfully protects its friend, Sam Witwicky, from harm. Aiming to
      PHOTOS BY YEN MENG JIIN  -  919 words
    • Article
      Lock icon Uncertain outlook, so cautious optimism
      1609 15 THIS WEEK’S TOPIC Despite experiencing two quarters of sterling economic growth, SMEs here are among the least optimistic among their peers in the region, with only 49 per cent of those polled expecting better business prospects this year. This is according to a recent UPS
      1,609 words
    • Article
      Lock icon Appreciate the importance of a brand – then start building it
      908 15  - Appreciate the importance of a brand then start building it And the way to do it is to engage every single member of the SME’s team COMMENTARY By JONATHAN BONSEY The writer is founder managing director of Bonsey Design, a brand consulting company with clients in toiletries, cosmetics, food, electronics,
      908 words
    • Article, Illustration
      Lock icon Ready to ride any storm to deliver to its customers
      1065 16  -  Consolidated Pipe Carriers, a leading offshore solutions provider with global reach, has been sailing confidently through rough seas By LEE YING, BENJAMIN SEOW, MELINDA WONG The writers are students of the NUS Business School EXPERIENCED Professional Safe Efficient. Such is
      FILE PHOTO  -  1,065 words
    • Article, Illustration
      Lock icon Beyond green packaging
      674 16  -  Eco-friendly Greenpac also strives to save costs for its customers By ANG WEI ZI, HO SU HAN CADENCE, RACHEL LOW The writers are students of the NUS Business School GREENPAC, as the name suggests, is into eco-friendly packaging. It also packs a punch. Today, the two-time Enterprise
      FILE PHOTO  -  674 words
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      234 12 For people who love a challenge. AtPSBAcademy,weworkourstudentshard. Whenourgraduatesheadoutintotheworld, they’re armed with much more than just a piece of paper. They have real skills, for real life. From encouraging perseverance and self-discovery to building self-confidence, we ask more of our students so they get more out of it. A MEMBER OF
      234 words
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      114 13 Rubber imported from Indonesia. Parts assembled in Beijing. Goods delivered to Amsterdam. The simplest products can travel the most complex global routes before they reach their final destination. As one of the world's largest trade finance organisations, our global network connects suppliers and buyers wherever your business takes you. This
      114 words
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      95 15 Voices Next week's topic: “What do you make of Singapore's organisation and performance at the inaugural Youth Olympic Games so far? How do you think Singaporeans or Singapore companies have benefited from the experience?” If you are an SME owner or leader, we would like you to share your views
      95 words
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      91 15 PASSENGERS Garuda Indonesia the world's most improved airline CHOICE Winner of World Airline Awards" 2010 Passenger's Choice award 4L v I i Our Exceptional Service Begins Even Before You Leave the Ground. Fly Garuda Indonesia on our new Boeing B737-800NG aircraft and you enter a world of incomparable luxury and
      91 words
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      345 16 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KIM TOH REALTY COMPANY (PRIVATE) LIMITED. Company Registration Number:-*****0117E (IN MEMBERS'VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 767 Upper Serangoon Road #01-06, Nam Peng Centre, Singapore
      345 words
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      66 16 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. Consolidated Pipe Carriers and Greenpac were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by
      66 words
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      3336 17 MANDATORY UNCONDITIONAL CASH OFFER by UNITEDOVERSEASBANKLIMITED (Company Registration No. *****0026Z) (Incorporated in the Republic of Singapore) forandonbehalfof CONSISTENTRECORDSDN.BHD. (Company Registration No. *****5-T) (Incorporated in Malaysia) toacquirealltheissuedandpaid-upordinarysharesinthecapitalof LOWKENGHUAT(SINGAPORE)LIMITED (Company Registration No. *****0209G) (Incorporated in the Republic of Singapore) other than those already owned, controlled or agreed to be acquired by Consistent
      3,336 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US home ownership won’t yield rich rewards again: economists
      762 18 Supply of homes may rise to as much as twice the level of a healthy market NYT [NEW YORK] Housing in the US will eventually recover from its great swoon. But many real estate experts now believe that home ownership will
      NYT; REUTERS  -  762 words
    • Article
      Lock icon Thai economic growth in Q2 beats estimates
      473 18 GDP rises 9.1% as surging exports drive recovery Bloomberg [BANGKOK] Thailand’s economy expanded more than estimated last quarter as surging exports drove a recovery, countering the impact of political turmoil in April and May that prompted a crackdown on protesters. Gross domestic product
      Bloomberg  -  473 words
    • Article
      Lock icon Viet inflation slows for fifth month in August
      205 18 Bloomberg [HO CHI MINH CITY] Vietnam’s inflation cooled for a fifth month in August, a slowdown that may ease concerns that the government’s devaluation of the dong will stoke price pressures. Consumer prices climbed 8.18 per cent this month from a year
      Bloomberg  -  205 words
    • Article, Illustration
      Lock icon Economist urges Fed to consider rate increase
      480 18 Near-zero rates are ‘bad incentives’ for financial firms Bloomberg [NEW YORK] Raghuram Rajan accurately warned central bankers in 2005 of a potential financial crisis if banks lost confidence in each other. Now the former chief economist of the International Monetary Fund says the
      Bloomberg  -  480 words
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      185 18 Start bidding with The New Paper i headstart 1 exciting auction! The New Paper Auction is back! For 8 weeks, TNP$ printed in denominations of WO, 200, 300, 400, 500 can be found in The New Paper. Pick up a copy, save up and start your bid for these attractive
      185 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon ‘Big scope’ for M’sian products in India
      849 19 But it is more of a challenge to find the right suppliers: M’sia Trade Commissioner Bernama [MUMBAI] If Malaysia plays its cards well, it can easily foray into India’s huge market which has developed an insatiable appetite for good-quality products from Malaysia and
      Bernama; AP FILE PHOTO  -  849 words
    • Article, Illustration
      Lock icon Indonesian banks stock up cash for holiday spike in withdrawals
      428 19 Xinhua [JAKARTA] Indonesian banks are making preparations for the expected increase in banking transactions in the lead-up to the Muslim’s Idul Fitri festivities, which fall on Sept 9 and 10, local media reported here yesterday. Pahala Mansuri, finance and strategy
      Xinhua; REUTERS  -  428 words
    • Article
      Lock icon Indonesia inflation seen rising 1% in Aug
      431 19 It may push annual inflation to 6.5%: statistics bureau Reuters [JAKARTA] Indonesia’s consumer prices are seen rising by about one per cent this month and pushing annual inflation to about 6.5 per cent, above the central bank’s target, the head of the statistics
      Reuters  -  431 words
    • Article
      Lock icon Proton reports 55% jump in Q1 profits
      304 19 AFP [KUALA LUMPUR] Malaysian national carmaker Proton said yesterday its first-quarter profits had leapt 55.13 per cent on the back of rising vehicle sales and improved profit margins. Proton said net profits for the three months to June 30 had risen to RM84.7
      AFP  -  304 words
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      1080 19 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES Ovrrofhr State Bank of India (Incorporated in India) Corporate Centre: Mumbai 400 021., India BALANCE SHEET AS ON 31 ST MARCH 2010 (US$ in 000s) As on As on 1. We, the undersigned Auditors of State Bank of India, appointed under Section 41(1)
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s Mahindra aims to become global SUV player
      530 20 Purchase of Korea’s Ssangyong will help both companies expand: exec AFP [SEOUL] Indian carmaker Mahindra and Mahindra said yesterday that it will use its purchase of South Korea’s Ssangyong Motor to become a global player in the sport utility vehicle market. Pawan
      AFP; REUTERS  -  530 words
    • Article
      Lock icon China may end death penalty for some crimes
      328 20 AFP [BEIJING] China may eliminate capital punishment for some economic crimes as it moves to curb use of the death penalty in a country that is believed to execute more people than the rest of the world combined. China’s National People’s Congress
      AFP  -  328 words
    • Article
      Lock icon India’s proposed reforms up in the air with political wrangling
      443 20 Reuters [NEW DELHI] With India’s main opposition party continuing to object to bills on tax reform and opening up the US$150 billion nuclear power market, several reforms proposed by the coalition government may be delayed. If not passed, the bills
      Reuters  -  443 words
    • Article
      Lock icon China Resources H1 profit up 8.5%
      343 20 Bloomberg [HONG KONG] China Resources Power Holdings Co, the Hong Kong-listed mainland electricity producer, has increased first-half profit 8.5 per cent after boosting generation to meet demand in the world’s fastest-growing major economy. Net income rose to HK2.46 billion (S$429 million), or 52 Hong
      Bloomberg  -  343 words
    • Article
      Lock icon ZTE wins US$254m Hungary network contract
      316 20 AFP [BEIJING] Chinese telecoms equipment maker ZTE has won a US$254 million contract to build a mobile network in Hungary, reflecting the company’s growing strength in Europe, a report said yesterday. ZTE has made a breakthrough in Europe this year, chief executive Shi Lirong
      AFP  -  316 words
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      Lock icon Page 20 Advertisements Column 1
      152 20 Subscribe and Get Rewarded! The Straits Times Digital The latest news. Anytime, any ens STRAITS TIMES.. ISSSS& >ivi Rising™" j Singapore. curoocrEEw'O' Rev •A uluh n1a> t» tt InsighL- Krwwimn* iA( I Money t&svxxs&sgLr"' sggss) n mow lltotv Id: Rr.l>lt- r«fcmk Gain access to: Full stories from the print edition
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Cambodia, Thailand to reinstate envoys
      581 21 Move follows Thaksin’s resignation as economic adviser AFP [PHNOM PENH] Cambodia and Thailand are to reinstate their ambassadors after fugitive former Thai premier Thaksin Shinawatra resigned yesterday from a controversial role as economic adviser to Phnom Penh. Cambodia said that Thaksin, who was ousted in
      AFP; BLOOMBERG  -  581 words
    • Article
      Lock icon Deutsche Bank launches HK dark pool trading
      397 21 Plans for Australia, Japan, S’pore still being firmed up Bloomberg [SINGAPORE] Deutsche Bank AG started dark pool trading in Hong Kong yesterday, the German lender’s first such platform in Asia, to meet growing demand in the region. After Hong Kong, the bank plans
      Bloomberg  -  397 words
    • Article, Illustration
      Lock icon Rice prices jump on climate turbulence
      857 21 Bloomberg [BANGKOK] Rice is set to rally as consumers and investors seek alternatives to wheat after heat waves, wildfires and floods ruined crops across the Northern Hemisphere. The staple food for half the world tumbled 24 per cent this year in Chicago trading while
      Bloomberg; AFP  -  857 words
    • Article
      Lock icon HSBC looking to buy 70% stake in Nedbank
      682 21 The US$6.8b deal would bulk up HSBC’s presence in Africa Reuters [JOHANNESBURG] HSBC is in talks to buy up to 70 per cent of South Africa’s Nedbank, in a potential US$6.8 billion deal that would give Europe’s biggest lender a broader gateway
      Reuters  -  682 words
    • Article
      Lock icon Moody’s reduces Bahrain’s credit ratings one notch
      439 21 It says govt needs higher oil prices to balance its budget Bloomberg [MANAMA] Bahrain’s sovereign credit ratings were lowered by Moody’s Investors Service, which said higher oil prices were needed by the government to balance its budget and cited the negative outlook on
      Bloomberg  -  439 words
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  • WORLD
    • Article, Illustration
      Lock icon SABMiller, Asahi eyeing Foster’s beer operations
      735 22 No bids yet; other possible suitors are Molson Coors, CocaCola Amatil: analysts Reuters [LONDON] Beverage groups SABMiller and Asahi Breweries are looking at Foster’s Group’s beer operations, valued at more than US$10 billion, but have not yet made any formal offers, sources say. Long-running
      Reuters; BLOOMBERG  -  735 words
    • Article
      Lock icon Potash gets Sinochem, Vale overtures
      578 22 Rejecting BHP offer, firm says it’s talking to third parties Bloomberg AFP [NEW YORK] Potash Corp of Saskatchewan Inc was contacted by China’s Sinochem Group and Brazil’s Vale SA as the company tries to fend off a hostile takeover from BHP Billiton, said a person
      Bloomberg; AFP  -  578 words
    • Article
      Lock icon Claimants who accept final payment cannot sue BP
      430 22 But Feinberg yet to decide if they can sue other companies Bloomberg [NEW YORK] Kenneth Feinberg, who yesterday started drawing from a US$20 billion escrow fund for Gulf oil spill victims, hasn’t decided whether they must waive their right to sue companies
      Bloomberg  -  430 words
    • Article
      Lock icon Television makers predict bright future for 3D sets in US
      664 22 NYT [LOS ANGELES] Now that almost two-thirds of American homes have ditched their old tube televisions for flat-screens and high-definition sets, TV makers are trying to lure consumers back into the stores for the next big thing: 3D TV. To
      NYT  -  664 words
    • Article, Illustration
      Lock icon Merkel defends nuclear tax in clash with industry
      352 22 Reuters [BERLIN] German Chancellor Angela Merkel on Sunday stood by her plan to levy a tax on nuclear power providers, pitting her coalition against industry in a turbulent return to government business after the summer lull. The nuclear tax is one of
      Reuters  -  352 words
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      30 22 Lianhe Zaobao Facing the most drastic wage increase .70% Of enterprises in Peari River Delta raise wages reluctantly Gift "mm" -tjpfe=fc£}lk fcfcisJinif To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • AVIATION
    • Article, Illustration
      Lock icon July passenger traffic at Changi up 15.9%
      427 23  -  On the cargo front, 158,000 tonnes were moved, a rise of 11.8% By VEN SREENIVASAN [SINGAPORE] MORE than 3.67 million passengers passed through Changi Airport’s gates in July 2010, an increase of 15.9 per cent compared to July 2009. The July figure is
      FILE PHOTO  -  427 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2973 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ458 1430 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 0025
      2,973 words
    • Article
      Lock icon Cathay stock rises on staff pact, lower valuation
      252 23 Bloomberg [SINGAPORE] Cathay Pacific Airways Ltd, Hong Kong’s biggest carrier, rose the most in two weeks yesterday because of an agreement with cabin crew at a unit that averted a strike and as the stock traded at a valuation cheaper than Asian
      Bloomberg  -  252 words
    • Article
      Lock icon European airlines risk sabotaging own recovery
      417 23  -  gS REUTERS BREAKINGVIEWS By FIONA MAHARG BRAVO [MADRID] As if they didn’t have enough problems, Europe’s airlines may soon be sabotaging their own recovery. Most of the continent’s legacy carriers are adding capacity despite the stillfragile market and high fuel prices. The growth will
      417 words
    • Article
      Lock icon Recovery gives China Airlines record Q2 net
      335 23 Bloomberg [TAIPEI] China Airlines Ltd, Taiwan’s largest carrier, has posted a record quarterly profit as an economic recovery spurred demand for cargo shipments and travel. Net income surged sixfold to NT$3.71 billion (S$157 million) in the second quarter ended June 30, from NT$595
      Bloomberg  -  335 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3343 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,343 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      301 23 CRYPTIC CROSSWORD Across 1 Work out message in Christ-mas-time poem (6) 4 Ultimately useless dairy product that’s a laugh! (6) 8 Sat artistically by drink and thought (8) 10 Pressed on in dire trouble (6) 11 Cheerful announcement by disheartened girl (4) 12 Not feeling level-headed after endless gins (10)
      301 words
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      29 24 Can they find your services here in the Shipping Times? Shipping lines seeking reliable FFTCH TO ADVERTISE, CALL JOE WONG AT 9620 1327 M THE BUSINESS TIMES SHIPPING TIMES
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  • Article, Illustration
    Lock icon Indian ports to outsource all clean-up jobs
    513 25 Govt decides this after its disastrous experience in fighting an oil spill Bernama [NEW DELHI] Ports in India will be allowed to outsource all future clean-up operations to global agencies with expertise in the area. According to the Press Trust of India (PTI)
    Bernama; AFP  -  513 words
  • Article
    Lock icon Bangladesh court deals major blow to ship-breakers
    405 25 It rules all ships scrapped must be certified toxic-free by selling nations AFP [DHAKA] Bangladesh’s Supreme Court has reimposed strict environmental controls on the country’s ship-breaking yards, a lawyer said yesterday, in a verdict likely to trigger protests from the sector. Companies warned
    AFP  -  405 words
  • Article
    Lock icon S’pore, S Korea boost maritime ties with MOU
    281 25  -  More exchanges in maritime technical expertise in pipeline By LYNN KAN [SINGAPORE] Maritime relations between Singapore and South Korea were further forged with the signing of a memorandum of understanding (MOU) by the maritime authorities of the two countries yesterday. The Maritime
    281 words
  • Article
    Lock icon Port Klang union urges standardisation
    225 25 Bernama [PORT KLANG] The Union of Port Ancillary Supply Services (Unepass) yesterday called on the Port Klang Authority (PKA) to standardise the lashing and unlashing rates to avoid undercutting by contractors. The move will also help to reduce the employment of cheap foreign labour by
    Bernama  -  225 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The last chance for climate negotiators
      1010 26  -  Only attitude reversal at Tianjin in October will confirm that we are listening as nature piles pressure all around on humankind G PANICKER The writer is with BT’s foreign desk IT IS hardly news that climate change talks have stalled. In fact, negotiations are
      AFP  -  1,010 words
    • Article, Illustration
      Lock icon Will foreign tycoons buy into Manila gaming firm?
      796 26  -  THE BOTTOM LINE AL LABITA Manila Correspondent The writer is a Manila-based contributor to BT THE mere mention of the names of Malaysian tycoons Robert Kuok, Ananda Krishnan and Francis Yeoh as potential investors was more than enough to ramp up the
      796 words
    • Article
      Lock icon The strengthening ringgit
      470 26 EDITORIAL LAST week, the ringgit surged to a 28-month high against the US dollar. It closed at RM3.126 against the greenback and eased off only slightly the next day. There are several good reasons for the appreciation which should continue until, if some estimates are right, the
      470 words
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      Lock icon Europe takes the bull by the horns
      972 27  -  The eurozone has launched a coordinated austerity drive in the midst of a fragile recovery By JOERGEN OERSTROEM MOELLER Joergen Oerstroem Moeller is a visiting senior research fellow, Institute of Southeast Asian Studies and adjunct professor, Singapore Management University Copenhagen Business School THE
      AP  -  972 words
    • Article, Illustration
      Lock icon Cracks starting to show in the euro
      996 27  -  The biggest danger for European monetary stability is that the European Central Bank pins interest rates near zero for too long By BRENDAN BROWN Brendan Brown is the author of “Euro Crash: The Implications of Monetary Failure in Europe” and is chief economist
      REUTERS  -  996 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8899 28 Transaction date: Aug 23 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 12.5 3148 8Telecom 18.5 18 19 1.7 9.8 5.9 88.6 12 6 5834 A-Sonic 7.5 unch 459
      8,899 words
    • Article
      Lock icon SGX CATALIST
      1746 29 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 4.5 6 27.8 4.8 225 130 6222 t APStrategic 193 +6 38 193 175 193
      1,746 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9480 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.17/ 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.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,480 words
    • Article
      Lock icon SGX ETF
      789 29 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 $mil 124 107 6389 ABF SG Bond ETF 118 115 117.9 538.6 917 716 CIMBAsean40 100US$ US911 912 916 36.4 306 261 DBS STI ETF
      789 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 29 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 $mil 56 36.5 6000 AVJennings A44cd -1.5 5 44 42.5 42.5 44 3.6 8 3.5 114.6 31.5 16 6017 Genting HK US$ US31.5 +2.5 *****
      259 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 30 In local curr In S$ In US$ dy yr dy yr dy yr Aug 20 Index Change Change Change Change Change Change World Index Preliminary 788.1 -0.9 -5.3 -1.1 -9.7 -1.4 -6.6 EAFE Preliminary 732.4 -1.1 -6.7 -1.7 -12.4 -2.1 -9.5 Europe Preliminary 1063.9 -1.0
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 30 Aug 23 $S Offer Bid Overnight 0.03 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.35 0.25 1 month 0.49 0.29 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
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Aug 23 S$ Bid Offer 1-month 1.3556 1.3560 2-months 1.3555 1.3560 3-months 1.3554 1.3559 6-months 1.3551 1.3556 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      152 30 Aug 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 335.0 334.0 334.9 29 Oct 10 335.0 334.0 335.0 16 Nov 10 335.0 334.0 335.0 16 Dec 10 334.5 333.5 335.0 16 Jan 11 335.0 Feb 11
      152 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 30 Aug 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 25.11.2010 0.28 0.28 0.21 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 104.27 5-Year N*****0N 1.375 01.10.2014 102.91 103.06 103.00
      88 words
    • Article
      Lock icon CHICAGO BOT
      105 30 Aug 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1009.25 1016.75 1019.25 1005.75 Nov 10 1004.00 1012.25 1015.00 1000.50 Jan 11 1011.00 1019.25 1021.00 1007.50 Mar 11 1015.75 1024.00 1026.00 1013.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 39.52 39.89 40.09
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Aug 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.13 -1.28 WTI (Near Mth) 73.61 -0.82 Dubai (1-Mth F) 73.20 -1.60 Tapis blend 80.25 -1.55 Minas 75.35 -1.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.64 -1.86 Jet Kerosene 85.30 -0.75 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2319 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39 1 150 -2 4.95 45 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86 18 6168 Asia Water Tech Ltd W*****8 4.5 1 2
      2,319 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 30 Aug 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1960 1.2320 Can dollar 1.2860 1.3010 Euro 1.7140 1.7340 NZ dollar 0.9500 0.9710 Sterling pound 2.1000 2.1240 US dollar 1.3490 1.3650 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 30 Aug 23 Open High Sett STI Aug 2922 SIMSCI Aug 344.2 344.8 343.5 Taiwan Aug 278.6 282.7 280.6 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 30 Aug 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2713 2717 2735 2705 365 5164 Oct 10 2615 2628 2637 2598 1331 ***** Nov 10 2557 2560 2569 2532 ***** ***** Dec 10 2531 2540
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      445 30 Aug 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6775 0 942 Dec10 99.6200 0 3584 Mar11 99.5550 0 2966 Jun11 99.4500 0 2192 EUROYEN TIBOR FUTURES Sep10 99.6575 510 3745 Dec10 99.6900 99.7025 99.6900 99.6925 23 1823 Mar11 99.7075 0 2043 Jun11 99.7150 0
      445 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 30 Aug 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.934 6.061 0.702 6.931 41.566 79.954 0.761 10.541 2.792 1.264 76.322 40.175 1.209 6.498 0.922 28.492 28.075 0.572 0.891 Canada 1.070 6.486
      464 words
    • Article
      Lock icon SIBOR
      85 30 Aug 23 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Aug 23 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2082 1.2091 0.8912 0.8916 Canadian dollar 1.2930 1.2940 0.9537 0.9542 Euro 1.7212 1.7221 1.2696 1.2699 NZ dollar 0.9558 0.9565 0.7050 0.7053 Sterling pound 2.1111 2.1123 1.5572
      155 words
    • Article
      Lock icon PRECIOUS METALS
      137 30 Aug 23 GOLD (US$/oz) Aug 23 Aug 20 Hong Kong 1228.30 1130.80 Aug 20 Aug 19 London 1226.50 1233.90 1226.90 1234.90 Source: Thomson Reuters CAST BAR Aug 23 (S$) Selling Buying Kilobar 57,456.86 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 54 5gm 365.94 268 10gm 652.7
      137 words
    • Article
      Lock icon LONDON METALS
      73 30 Aug 20 Aug 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2037.75 2060.00 3 months 2040.00 2066.00 Copper, Grade A (US$/tonne) Cash 7236.50 7286.25 3 months 7255.00 7305.00 Lead (US$/tonne) Cash 2030.50 2078.75 3 months 2056.00 2105.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      73 words
    • Article
      Lock icon LIFFE
      82 30 Aug 20 COCOA (£/tonne) Close Prev High/Low Sep 10 2061 2066 2073/2037 Dec 10 2000 2014 2030/1976 Mar 11 2016 2034 2048/1995 May 11 2030 2047 2058/2007 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1751 1711 1752/1715 Nov 10 1791 1751 1792/1754 Jan 11 1804 1764 1804/1766 Mar 11
      82 words
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  • PROPERTY
    • Article
      Lock icon China ramps up public housing investment
      1022 31 The govt must rein in prices before a bubble forms, while ensuring property investment remains robust Reuters [BEIJING] With one arm, China is pouring cold water on property speculators. With the other, it is tossing a life buoy to the real estate sector via
      Reuters  -  1,022 words
    • Article, Illustration
      Lock icon Housing prices may send US back into recession
      856 31 Bloomberg [NEW YORK] Housing led the US out of seven of the last eight recessions. This time, it may kill the recovery. Home sales collapsed after a federal tax credit for buyers expired in April. Since then, the manufactur-ing-led expansion, which began
      Bloomberg; AFP  -  856 words
    • Article
      Lock icon Shanghai new home sales halved in January-July
      237 32 AFP [SHANGHAI] Sales of new homes in Shanghai dropped 48 per cent in the first seven months of 2010 from a year earlier, as China’s efforts to cool the property market began to bite, state media said yesterday. By the end of July,
      AFP  -  237 words
    • Article
      Lock icon False Shanghai data blurs China property picture
      196 32 [BEIJING] Chinese companies in Shanghai have falsified answers in replies to some surveys by the national statistics agency, calling into question the reliability of the country’s property market data. The problems, from omitting information to reporting incorrect prices, were identified by the Shanghai
      196 words
    • Article, Illustration
      Lock icon More buyers spend above $1 million on homes
      567 32  -  DTZ report shows mainland Chinese buyers closing in on Indonesians Reports by UMA SHANKARI MORE private home buyers are paying more than $1 million apiece for a property as prices climbed in the past year, a new report from DTZ shows. The
      Source: URA, DTZ Research  -  567 words
    • Article, Illustration
      Lock icon Over 80% of Viva Vista’s shoebox units snapped up
      306 32 MORE than 80 per cent of the 144 residential units in Oxley Holdings’ Viva Vista were snapped up during the project’s preview yesterday indicating that there is still strong demand for small, or shoebox, apartments. The sizes of the units in
      306 words
    • Article
      Lock icon Japan Reit bond market thaws, still faces risks
      246 32 Bloomberg [TOKYO] Japan’s real estate investment trust (Reit) bond market is starting to thaw after two years as the economy rebounds, though property prices would need to rise for a full recovery, according to Fitch Ratings. “New bond sales are recovering to
      Bloomberg  -  246 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      131 31 Cove Drive Elegant 6800/8000sqft -flTTT 2 1/2 storey modern home Gracious master suite Lovely golf course views Asking $2800psf Treasure Island (3viiias)| Ranging fm 8500 12,000sqft land Variants of 9000 12,000sqft built-up Resort-like, faces waterway Each with private berth Asking $2800psf Paradise 8000saiLaf£§f Mo Indi pte Aski 6V61VN NG 9847-6899
      131 words
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      Lock icon Page 31 Advertisements Column 2
      191 31 OFFICE SPACE FOR REGENCY HOUSE iv\ ill IT V II V 1 1 f If i' 8 it i aiiM v IftiW Unit sizes from 1,700 sq ft to 3,500 sq ft Minutes walk to Dhoby Ghaut and Somerset MRT Stations Conveniently located near shopping, banking and postal service Ample
      191 words
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      Lock icon Page 31 Advertisements Column 3
      132 31 Stevens MRT ABSubject Site Sites at Robin Drive 200m to Stevens MRT 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) 6227 6066Tender Closing on16 September 2010 (Thur), 2.30pmPotential for 60 apts
      132 words
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      444 32 GATEWAY TO THE OPEN CHAMPIONSHIP r va CI /QIZITID OPEN 4k il# >.'K r. 1 GATEWAY to THE OPEN MIZUNO DREAM CUP H ENGLAND SINGAPORE APAN APAN GATEWAY TO THE OPEN MIZUNO DREAM CUP Sentosa Golf Club Sept Oct 2010 (qualifying rounds) March 2011 (local final) MIZUNO DREAM CUP Yomiuri
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      209 32 Elevated site at Pasir Panjang Less than 100m from MRT Dist. 5, corner of Balmeg Hill; Seaview Land 28,263 sf, GPR 1.4 5-sty; 999,999 yrs Less than 100m to Haw Par Villa MRT Educational research institutions nearby Potential for 40 apts of average 1,000 sf 6227 6066eptember 2010 (Thur), 2.30pm,
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  • THE BUSINESS TIMES Green Energy
    • Article, Illustration
      Lock icon THE RACE FOR RENEWABLE ENERGY
      295 1  -  Joyce Hooi T HE ‘green energy’ umbrella is a rather generous and fittingly shady one. It has welcomed into its fold the fields of renewable energy such as solar, wind and geothermal energy with plenty of room to spare for energy efficiency in the form
      PHOTOS: AP, BLOOMBERG, STOCKXCHNG  -  295 words
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      Lock icon Seeking regional energy solutions
      1058 1  -  VALERIE CHOYand DICKSON YEOsay S’pore can help but there are no quick fixes for rural energy needs in South-east Asia VALERIE CHOY,DICKSON YEO Valerie Choy and Dickson Yeo are energy analysts at the Energy Studies Institute. ENERGY is crucial everywhere, no less in rural South-east Asia
      REUTERS FILE PHOTO  -  1,058 words
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      Lock icon Towards a clean, electrifying future
      789 2  -  Up to 5 million charging points with revenue of US$6.5b are estimated to be set up globally by 2015, says OLIVER RISSE OLIVER RISSE Oliver Risse is the managing director of Greenlots WE are at a tipping point in transportation technology. Ever since the first
      FILE PHOTO; AFP  -  789 words
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      Lock icon Motorists’ choices shape the future of sustainable mobility
      869 2  -  They must be encouraged to choose environmentally friendly car models By ZENO KERSCHBAUMER Zeno Kerschbaumer is the managing director of Volkswagen Group Singapore Pte Ltd THE Singapore media has in recent months been awash with talk about climate change and reducing carbon
      FILE PHOTO  -  869 words
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      Lock icon A boost for energy efficiency
      1050 4  -  Singapore can balance economic development with climate change mitigation. ANDREW TAN AND LAWRENCE WONG explain how ANDREW TAN,LAWRENCE WONG Andrew Tan is chief executive officer of the National En vironment Agency and Lawrence Wong is chief executive of the Energy Market Authority CLIMATE change and
      1,050 words
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      Lock icon Climate change: Global issue, local impacts
      1128 4  -  By TAN YONG SOON Tan Yong Soon is the Permanent Secretary, National Climate Change, Prime Minister’s Office. This article was adapted from Mr Tan’s keynote address at the Conference on EU and Asian Policy Responses to Climate Change Energy Security Post-Copenhagen on July 26,
      FILE PHOTO  -  1,128 words
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      Lock icon Go Green – and keep your firm in the black
      671 6  - Go Green and keep your firm in the black Asia’s rapid rate of growth, coupled with the density of its major cities, makes the region a phenomenal case study on the importance of Green IT. By BEN WILLIAMS By BEN WILLIAMS Ben Williams is corporate vice-president, Asia Pacific, AMD, Inc
      STOCKXCHNG  -  671 words
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      Lock icon EMA’s intelligent energy system a ‘living lab’
      845 6  -  IES looks set to cultivate technologies to be applied in electricity grids worldwide By DENIS GROSS Denis Gross is the director of ‘Cleantech Investor’, a bimonthly publication. The full version of this article first appeared in the July/August 2010 issue of ‘Cleantech Investor’
      STOCKXCHNG  -  845 words
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      Lock icon Winning by design
      918 8  -  Manufacturing and construction offer the biggest opportunities for change to environmental sustainability, says GARY QUEK GARY QUEK Gary Quek is the country manager for Autodesk, Singapore and Brunei CHANGE is all around us, from spiralling energy costs to worldwide product commoditisation to climate change. The environment in
      918 words
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      Lock icon The urgent need for energy-efficient buildings
      1034 8  -  They can produce big savings and help save the environment By ALLEN ANG Allen Ang is assistant general manager (projects) at City Developments Ltd ACCORDING to the summary report on the Energy Efficiency in Buildings project by the World Business Council for Sustainable Development
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      Lock icon Renewable energy in East Asia
      1179 10  -  Countries should strategise the development of renewable infrastructure to suit the conditions of local contexts, says KEVIN PUNZALAN KEVIN PUNZALAN Kevin Punzalan was previously a research analyst at the Centre for Non-Traditional Security Studies in the S Rajaratnam School of International Studies at the Nanyang
      BLOOMBERG, REUTERS  -  1,179 words
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      Lock icon More energy efficient appliances available
      514 10  -  They form at least 50% of models at Daikin, Miele, Mitsubishi and Panasonic By RACHEL SIM THE shift towards energy efficient appliances is becoming increasingly evident and companies such as Mitsubishi Electric, Panasonic, Hitachi, Daikin and Miele are leading the pack. Of these, all except
      FILE PHOTO  -  514 words
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      Lock icon Real estate investment goes green
      2400 12 Investors are realising that incorporating sustainability into property investment strategies can make sound long-term business sense TODAY’S real estate investors are aware that environmental issues can have an impact on investment portfolios and that incorporating sustainability into property investment strategies can make sound long-term business
      FILE PHOTOS  -  2,400 words
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      27 1 CONTENTS: Towards a clean, electrifying future PAGE 2 A boost for energy efficiency PAGE 4 Winning by design PAGE 8 Renewable energy in East Asia PAGE 10
      27 words
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      56 3 Panasonic ideas for life Your first step towards a greener lifestyle begins here. choose Panasonic 'eco ideas' brilliant technology, you'll save beyond dollars and cents. You'll save great amounts of energy and water, which in turn, saves the earth. Join us today and make the difference. Together, we save. 9
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      98 5 Better development >- 1 n £p- r. J ~BM U m iriu r~ ii i m pi i i >. I 1:1 :v. ■M v Ss V A r 55. W v win m r r iris: as 01 R s' 'flw. TV c* 3 ESi Si, -t ft I'EU
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      193 9 AT THE SOPHIA RESIDENCE Inspired by Art Winner of Another Prestigious BCA Green Mark Platinum Award m i!K Bffi *r r y £3B T AJ tfSL Ki t§ «r •< ;V*«\ KM r V Iff 4. -i. SL m SOPHIA RESIDENCE Inspired by Art /—n ION y Orchard/ 5®f OKrhsrrl
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      801 11 A special feature brought to you by Gas is better Research shows that switching from electric heaters to gas heaters will save you money and it is also more environment-friendly tonnes of greenhouse gases into the atmosphere a year. This estimate is based on a household with 3.6 normal users.
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      500 13 Energy Efficient Industries In Action: Today, more than ever, energy efficiency can stand between the survival and success of companies worldwide. It can help significantly enhance long-term business competitiveness and improve bottom lines. As such, the National Environment Agency (NEA), Energy Market Authority (EMA) and Economic Development Board (EDB) introduced
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      252 14 Mitsubishi Electric f P W Air-Conditioner A MITSUBISHI ELECTRIC INVERTER ,r, Easiest to Clean! Reachable Inner Vent for Easy Clean Quietes 19dB Excellent Energy Savings Mitsubishi Electric Starmex MXY-4A38VA inverter air conditioners have the LARGEST cooling capacity with 4 Ticks. EXCELLENT ALL Mitsubishi Electric Starmex inverter air conditioners have attained
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