The Business Times, 25 August 2010

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Microfilm: NL30858
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, August 25,2010
    23 words
  • Article
    Lock icon 6 brokerages emerge from ban’s shadow
    628 1  -  They can resume sale of structured notes now after MAS lifts restrictions it imposed in aftermath of Lehman saga By JAMIE LEE [SINGAPORE] Six brokerages banned up to one year from selling structured notes can resume sales of such products now, after the Monetary
    628 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,922.85 (-3.14) ST INDEX FUTURES 2,919 (-3) SIMSCI 343.39 (-0.83) SIMSCI FUTURES 342.00 (-1.50) FOREX US$ S$ US$ (S$ per US$) 1.363 (US$/S$ per 1.539 2.098 EURO (US$/S$/E) 1.262 1.720 Foreign currency per US$ S$ YEN 84.60 62.10 RM 3.147 2.309 HK$ 7.776 5.705 BAHT 31.54
    141 words
  • Article, Illustration
    Lock icon Biotech sector gets top marks but local players are surprised
    676 1  -  By CHEN HUIFEN [SINGAPORE] Singapore has trumped the UK and other well known biotech hotspots to become the No 2 in the world for its capacity to nurture biotechnology innovation, according to a study conducted by a US magazine. But
    Source: Scientific American  -  676 words
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      296 1 PROPERTY New benchmark set for condo land THE SINGLE DAD Tiger Woods and wife officially divorced PAGE 4 YOG The letdown in football PAGE 10 PAGE 9 TRANSPORT HUB Get ready for the Rotterdam Rules PAGE 21 The business of Rolex’s iconic Submarine has gone greener. Read more about it
      296 words
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  • TOP STORIES
    • Article
      Lock icon Move to help delisted firms’ shareholders get share certs
      615 2  -  SGX in talks with MAS and ACRA over changes to current law By MELISSA TAN [SINGAPORE] The Singapore Exchange (SGX) said yesterday that it was in discussions with the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority
      615 words
    • Article
      Lock icon Beijing warns about travel to Philippines
      307 2 It demands answers to the killing of 8 HK tourists in botched police rescue AP AFP [MANILA] China warned its citizens yesterday about travel to the Philippines and demanded answers over how eight Hong Kong tourists were killed in a hostage stand-off in Manila
      AP; AFP  -  307 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      564 2 6 brokerages emerge from ban’s shadow SIX brokerages banned up to one year from selling structured notes can resume sales of such products now, after the Monetary Authority of Singapore lifted the ban yesterday. But some brokerages have shied away from offering new structured notes, given the drastic
      564 words
    • Article
      Lock icon PCCW raises HK$1.3b in new share placement
      586 4  -  HK telco raises US$664m in barely a week By ANGELA ANGELA TAN [SINGAPORE] After a five-year absence from the international debt market, PCCW Limited Hong Kong’s largest provider of telecom services has raised about US$664 million in barely a week. Yesterday, Singapore-listed Pacific
      586 words
    • Article
      Lock icon Recovery fears hammer stocks amid rising yen
      644 4 Markets bracing for more bad news from the US AP Bloomberg [LONDON] World stock markets dropped yesterday amid fears about the pace of the global economic recovery, which caused the yen to surge to a 15-year high against the dollar and a nine-year
      AP; Bloomberg  -  644 words
    • Article
      Lock icon Extra supply by PowerSeraya boosts YTL profit
      453 4  -  By RONNIE RONNIE LIM [SINGAPORE] Singapore’s second-biggest generating company, PowerSeraya, supplied 10 per cent more electricity to the local market in the year ended June, which helped propel revenue and profits for its Malaysian owner YTL Corp. PowerSeraya chief executive John Ng said:
      453 words
    • Article, Illustration
      Lock icon Tiger Woods, wife officially divorced in 10-minute hearing
      816 4 AP AFP [PANAMA CITY, Florida] After nine months of turmoil over his extramarital affairs, Tiger Woods and his Swedish-born wife officially divorced on Monday. The hearing lasted no more than 10 minutes in a Florida judge’s chambers. Woods now begins life as
      AP; AFP  -  816 words
    • Article, Illustration
      Lock icon Myrna Thomas to leave Temasek at end of year
      455 4  -  By MICHELLE QUAH [SINGAPORE] More highlevel changes are afoot at Temasek Holdings: its managing director of corporate affairs, Myrna Thomas, has signalled her intention to leave the Singapore investment firm, after more than four years on the job. BT understands that
      455 words
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      37 2 China condemns attack on Hong Kong tourists, Page 13 s£2 s t ember h. ..m ile st It mumi, ING INGE 1910 '.-.VAm 31 fefi TS A. sr# y m m I -fQV_ lyR 1 > i zegna.com
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  • COMPANY NEWS
    • Article
      Lock icon Olam raises offer price for NZ Farming
      638 5  -  By LYNN KAN COMMODITIES group Olam International yesterday increased its takeover offer for NZ Farming Systems Uruguay (NZFSU) to NZ$0.70 a share, cranking up the heat on rival bidder Union Agriculture Corporation. Just last week, Olam’s initial bid of NZ$0.55 a share was
      638 words
    • Article, Illustration
      Lock icon Tiger Airways gets go-ahead to lease planes
      255 5  -  By NISHA RAMCHANDANI BUDGET carrier Tiger Airways has received the green light from the Philippines’ Civil Aeronautics Board (CAB) to lease two Airbus A319 aircraft to Southeast Asian Airlines (SEAIR). “The CAB approval follows a long-standing intent for Tiger Airways Singapore to further
      FILE PHOTO  -  255 words
    • Article
      Lock icon JLJ Holdings appoints lawyer as its non-executive chairman
      463 5  -  The firm also says two of its directors are cooperating with the CPIB By NISHA RAMCHANDANI JLJ Holdings, which has been mentioned in an indictment and civil suit by US technology group Apple Inc against a former Apple employee, is appointing a
      463 words
    • Article
      Lock icon Genting M'sia shareholders OK casino deal
      591 7  -  However minority shareholders criticise £340m deal as being too pricey By GRACE GRACE LEONG A MAJORITY of Genting Malaysia’s shareholders voted yesterday in favour of a £340 million (S$713 million) cash acquisition of 44 UK casinos under the Circus, Maxims, and Mint brands from
      591 words
    • Article, Illustration
      Lock icon Yellow Pages apologises for mailer snafu
      382 7  -  By JAMIE LEE GLOBAL Yellow Pages has apologised for “any misunderstanding” in sending notices to businesses to demand payment for a directo-ry-listing service that they had not signed up for. Businesses that had earlier signed up but would now like to unsubscribe can get
      382 words
    • Article, Illustration
      Lock icon Raffles Education posts 2.8% higher earnings of $52.6m
      415 8  -  Sales for the year ended June 30 fell 7% from a year earlier to $188m By FELDA CHAY RAFFLES Education Corp lifted net profit for its fiscal 2010 2.8 per cent to $52.6 million on the back of a fair-value gain, as
      415 words
    • Article
      Lock icon Time Watch clocks near tripling of Q4 net to HK$34.3m
      378 8  -  By JAMIE LEE TIME Watch Investments yesterday posted a near tripling of its fiscal fourth quarter net profit, thanks to a big boost in fair value of investment properties and higher sales. Net profit for the three months ended June
      378 words
    • Article
      Lock icon Cerebos opens big Thai plant for BRAND’S products
      310 8  -  By VEN SREENIVASAN CEREBOS Pacific has opened the world’s largest manufacturing facility for its flagship BRAND’S® products at the Pinthong Industrial Estate in Thailand. The new plant, built with an investment of some US$38.7 million, will increase manufacturing capacity up to three
      310 words
    • Article
      Lock icon Port operations boost Portek to record FY2010 profit of $12.6m
      295 8  -  By LYNN KAN DESPITE slimmer revenues, Portek fattened its net profits by 46.7 per cent to $12.6 million for the year ended June 30. Revenues for the port operator and engineering group dipped 9.5 per cent to $125.6 million. It
      295 words
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      160 5 THE RX FAMILY JUST GOT BIGGER. 1 THE NEW RX 270 IS JUST ROUND THE CORNER. The new Lexus RX 270 is built with all your driving needs in mind. Enjoy sound like you've never heard before with the Lexus Premium Audio System. And the Vehicle Dynamics Integrated Management (VDIM)
      160 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US futures check Asia market gains
      541 6  -  ST Index gives up early 12-point surplus to close a net three points lower STOCKS VEN SREENIVASAN Senior Correspondent A SHARP fall in Wall Street futures and a weak opening in Europe spooked otherwise stable Asian markets towards the close of trading yesterday. The
      Source: Bloomberg  -  541 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Aug 24 VALUE CLOSE BT OB/OS -581.00 +88.00 BT CADI -*****.00 -85.00 BT 10-day MA -*****.00 -58.00 FTSE ST Mid Cap 720.24 -1.04 FTSE ST Small Cap 533.45 -1.82 FTSE ST All Share 721.94 -0.92 FTSE ST China Top 264.15 -1.82 FTSE ST China 294.70 -1.98 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Genting SP 107,358,000 PineAgritech 55,910,000 Beng Kuang 42,383,000 China Hongxing 41,537,000 *Genting HK US$ 40,847,000 Yangzijiang 36,985,000 Rowsley 35,332,000 SingTel 35,136,000 Oceanus 30,316,000 Golden Agri 28,147,000 VALUE($) Genting SP 167,691,040 SingTel 104,918,380 CapitaLand 79,364,236 DBS Grp 69,037,076 Wilmar 57,809,710 Yangzijiang 56,522,450 Ascendasreit 55,721,613 UOB 48,387,440 NOL
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 4 0 0 0 2 11 4 Manufacturing 34 70 71 7 3 20 41 73 91 Commerce 16 19 26 1 3 8 17 22 34 Tpt/Stor/Comms 11 19 12
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Wing Tai Holdings
        384 6 Aug 24 close: $1.72 CIMB Research, Aug 24 RESULTS are above estimates. Q4 2010 core net profit of $69 million forms 42 per cent of our FY2010 forecast and 30 per cent of consensus, with FY2010 earnings at 122 per cent of our forecast. The variance emanates
        384 words
      • Article, Illustration
        Lock icon FJ Benjamin
        415 6  -  Aug 24 close: $0.355 DMG Partners Securities, Aug 24 Compiled by JAMIE LEE FJ BENJAMIN (FJB) turned around in FY2010 with a good set of earnings ($8.3 million versus FY2009’s loss of $2.7 million). The results came in 4.6 per cent below our expectations, as we had expected
        415 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,488 11,488 34,591 34,591 Manufacturing 350,905 42,028 392,933 230,944 4,257 235,200 Commerce 129,881 28,164 158,045 122,674 4,715 127,390 Tpt/Stor/Comms 126,695 578 127,273 241,685 78 241,763 Finance 19,943 43 19,986 174,614 5 174,619 Construction 18,600 12,568
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 2.080 -0.010 CapitaLand 3.980 -0.040 CapitaMall 1.910 -0.050 CityDev 11.900 +0.040 ComfortDelGro 1.510 -0.010 DBS Grp 13.720 -0.080 F&N 5.400 -0.050 Genting SP 1.540 -0.050 Golden Agri 0.555 +0.005 HK Land 5.350 -0.060 JMH 43.580 +0.580 JSH 24.660 +0.440 Jardine C&C
      113 words
    • Article, Illustration
      Lock icon Yen hits 15-yr high vs $,9-yr high vs euro
      459 6 CURRENCIES Reuters [NEW YORK] The yen rose to a 15-year high against the dollar and a nine-year peak versus the euro yesterday amid fears that the global economy is slowing, testing Japanese authorities’ resolve to stem the currency’s climb. The yen’s
      Reuters; REUTERS  -  459 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5470 122.6 1.7 JMH 4358 79.0 1.3 JSH 2466 60.0 1.8 Asia Pac Brew 1630 40.0 2.5 OCBC Bk 5.1%NCPS 100 ***** 22.0 0.2 OCC 5.1% NCPS 100 ***** 10.0 0.1 StraitsAsia.ES.1008 211 10.0 5.0 MTQ Corp 93 7.0 8.1 SingTel
      109 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3560-250.7 -4.9 DBXT Nifty 10US$ *****-234.3 -1.4 DBXT SPASX200 10US$ 2728-174.4 -4.5 GLD 10US$ *****-115.8 -0.7 DBXT MSCHINA 10US$ 1153 -61.3 -3.8 DBXT MSKorea 10US$ 4770 -58.6 -0.9 Lyxor Europe 10 US$ 1128 -55.9 -3.5 DBXT FTChina25 10US$ 2901 -54.5 -1.4 Jardine
      122 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Aug 24 CHNG YR 2010 CLOSE FR Aug 23 S$ LOW S$ HIGH US$ 1.3569 0.12 1.4219 1.3472 Euro 1.7159 0.55 2.0153 1.6886 Pounds 2.1021 0.42 2.2831 2.0003 A$ 1.2085 -0.36 1.2960 1.1515 Yen* 1.5943 -0.44 1.5987 1.4467 Rupiah* 0.***** 0.06 0.***** 0.***** Baht* 4.3131 -0.01
      87 words
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      307 words
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      64 8 HKLL BUSINESS SCHOOL Columbia Business School EMBA-Global Asia World-Class Executive MBA LONDON 09:00 D X M «r,nV l«i A i; 11 AM T A i_3 Y flfl JM Connected at all times Based in the business capitals of the world, EMBA-Global Asia empowers you to lead in a rapidly changing
      64 words
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      323 8 SINGAPORE'S IT CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg OPENING NEXT THURSDAY! 2" 5" SEPTEMBER 12 pm 9 pm Daily FREE ADMISSION SUNTEC SINGAPORE LEVELS O. 0. l Comex Special Pull-out In Life Sept (Thi TODAY on 2nd Sept (Thurs) Digital Lite on 1st Sept (Wed) The Straits Times on 2nd Sept (Thurs)
      323 words
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  • SINGAPORE NEWS
    • Article
      Lock icon New benchmark set for condo land in Yishun area
      535 9  -  Hoi Hup-Sunway tie-up puts in top bid of $405.53 psf ppr or $165m By KALPANA RASHIWALA A NEW benchmark has been set for condominium land in the Yishun/Sembawang area. A state tender that closed yesterday for a 99-year leasehold plot at
      535 words
    • Article
      Lock icon 7 hi-tech start-ups get investments under NRF scheme
      308 9 SINGAPORE’S move to nurture high-tech start-ups is off to a running start now that three of the seven under the Technology Incubation Scheme (TIS) have made their first investments. The National Research Foundation (NRF) announced yesterday that Clearbridge Accelerator, Neoteny Labs and
      308 words
    • Article
      Lock icon JOil makes biofuels feedstock breakthrough
      441 9  -  By RONNIE LIM THE first-ever commercially produced Jatropha curcas plants through Singapore-developed tissue culture will be ready for markets in India and other regions like East Africa and South-east Asia by the middle of next year. Announcing the breakthrough, Singapore-based JOil, a Temasek-Tata venture, said
      441 words
    • Article, Illustration
      Lock icon End in a blaze of glory in Jalan Besar
      743 10  -  COMMENTARY LEE U-WEN Deputy Foreign Editor IF THERE was one sport at the Youth Olympic Games (YOG) that could be labelled a letdown of sorts, it would be football. The fact that just six countries were allowed to take part in
      ST SYOGO JOHN HENG  -  743 words
    • Article
      Lock icon More S’poreans visiting Switzerland for holidays
      493 10  -  By NISHA RAMCHANDANI SINGAPOREANS have been developing a growing love affair with all things Swiss, making Singapore one of the most important tourism markets in Asia for the land of the Alps. Switzerland-bound traffic from Singapore has more than doubled over the last five
      493 words
    • Article, Illustration
      Lock icon Space Furniture to spend $50m on flagship complex
      554 10  -  By UMA SHANKARI HIGH-END retailer Space Furniture, which is headquartered in Australia, will spend $50 million on a flagship complex in Singapore. The company said yesterday it is developing a 43,000 sq ft complex at Bencoolen Street. Two conservation buildings a bungalow
      554 words
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      582 words
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      1422 10 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES OKPHOLDINGSLIMITED (Incorporated theRepublic Singapore) (Compan RegistrationNumber *****1165G) NOTICEOFEXTRAORDINAR GENERALMEETING NOTICEISHEREBYGIVENthatanExtraordinar Gener Meeting OKPHoldingsLimited(the Compan will beheld No agore Dr #B1-06, agoreBuilding,Singapore*****3on21September 2010 4.00pm, or thepurpose consideringand, thoughtfit, passingwith withoutmodifications the ollowingresolution:Ordinar Resolution PROPOSEDDIVERSIFICATIONOF USINESS That: (a) aapppprrov and hereb giv or the div
      1,422 words
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      284 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Lingam, ex-judges allowed to seek review of panel’s findings
      602 11  -  Opposition MP Karpal Singh dubs Court of Appeal’s decision ‘wrong’ By S JAYASANKARAN MALAYSIA’s Court of Appeal yesterday granted controversial lawyer V K Lingam and two retired top judges leave to seek a review of the findings of the 2007 Royal
      602 words
    • Article
      Lock icon New ringgit rules will boost trade: Bank Negara
      317 11 Reuters [KUALA LUMPUR] Recent moves to allow the Malaysian ringgit to be used more widely for trade settlement will bolster this South-east Asian country’s trade with major Asian trading partners, the central bank said yesterday. “The recent changes in the foreign exchange
      Reuters  -  317 words
    • Article, Illustration
      Lock icon Activists hail Norway’s blacklisting of timber firm
      474 11 AFP [KUALA LUMPUR] Malaysian activists yesterday applauded a decision by Norway’s state pension fund to blacklist timber firm Samling Global, which is accused of rampant environmental destruction in Borneo. Rights campaigners have also accused Samling of trampling on the rights of indigenous people,
      AFP  -  474 words
    • Article
      Lock icon Reliance Power may invest US$5b in Indonesia
      228 11 Reuters [JAKARTA] Indian power utility Reliance Power is considering investing as much as US$5 billion in Indonesia, a spokesman for Indonesia’s vice-president said yesterday. Reliance Power’s chief executive, JP Chalasani, met Indonesia’s Vice-Presi-dent Boediono in Jakarta to discuss investment in the southern part
      Reuters  -  228 words
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      479 11 1 NANYANG TECHNOLOGICAL 53V UNIVERSITY Rady SariDiego School of Management Nanyang Business School Eureka! You have an innovative breakthrough. Here's how you can make it a commercial success. T V Leadership and Innovation in SCIENCE AND TECHNOLOGY An advanced management programme presented in Singapore and USA Nanyang Business School, NTU,
      479 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Kan says steep yen moves undesirable
      585 12 The yen’s surge is a threat to export earnings and may deepen deflation Bloomberg [TOKYO] Japan’s Prime Minister Naoto Kan said “steep currency moves are undesirable” as the yen’s climb to a 15-year high prompted the country’s top labour leader to urge joint action
      Bloomberg; AP  -  585 words
    • Article
      Lock icon South African Q2 economic growth slowed to 3.2%
      366 12 Bloomberg [JOHANNESBURG] South African economic growth slowed to an annualised 3.2 per cent in the second quarter on waning demand for exports, even after the football World Cup lured thousands of visitors to the country. Gross domestic product growth eased from 4.6
      Bloomberg  -  366 words
    • Article
      Lock icon European June industrial orders beat expectations
      610 12 Bloomberg [LUXEMBOURG] European industrial orders rose more than economists forecast in June as strengthening global growth helped fuel the region’s fastest expansion in four years in the second quarter. Orders in the 16-nation euro area increased 2.5 per cent from May, when they jumped
      Bloomberg  -  610 words
    • Article, Illustration
      Lock icon Greek debt restructuring fears unfounded
      366 12 Reuters [BRUSSELS] Greece is on track in its efforts to cut spending and return to financial stability, and concerns that it could be forced to restructure its debt are unfounded, the EU’s economic and monetary affairs commissioner wrote in the Wall Street Journal. “Greece has
      Reuters; REUTERS  -  366 words
    • Article
      Lock icon ‘Too big to fail’ hurts small banks
      416 12 Fed official warns against speculative housing investments Reuters [OVERLAND PARK, Kansas] Kansas City Federal Reserve Bank president Thomas Hoenig warned on Monday that landmark financial reforms may not end market perceptions that taxpayers will rescue the largest banks and cautioned against speculative investments
      Reuters  -  416 words
    • Article
      Lock icon German budget deficit jumps to 3.5% in H1
      368 12 AP [BERLIN] Germany’s deficit rose sharply to 3.5 per cent of economic output in the first half of 2010, putting it on track to break EU budget rules due to the costs of the global economic and financial crisis, official data showed
      AP  -  368 words
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  • GREATER CHINA
    • Article
      Lock icon Strong demand for Huijin’s 7-year bond sale
      424 13 The result would bode well for other planned issuances by Huijin Reuters [SHANGHAI] Central Huijin Investment Co auctioned seven-year bonds in China’s interbank market yesterday at a coupon well below forecasts, reflecting strong demand for the issuer’s high credit standing amid ample liquidity.
      Reuters  -  424 words
    • Article
      Lock icon China will ‘tolerate’ breach of 2010 loan target
      168 13 Bloomberg [BEIJING] Chinese officials are likely to “tolerate” banks breaching the nation’s 7.5 trillion yuan (S$1.5 trillion) loan target for 2010 to sustain growth as the economy cools, Societe Generale SA says. The government may allow a “drift upwards”, Hong Kong-based economist
      Bloomberg  -  168 words
    • Article, Illustration
      Lock icon TPG launches 2nd yuan fund in Chongqing
      340 13 Reuters [SHANGHAI] TPG, one of the world’s biggest private equity firms, yesterday launched its second yuandenominated fund in China, underscoring its ambition to expand in the world’s fastest-growing major economy. TPG said it aims to raise five billion yuan (S$1 billion) in a
      Reuters; BLOOMBERG  -  340 words
    • Article, Illustration
      Lock icon Citigroup, HSBC, CIMB seek yuan bonds licence as market opens
      530 13 Bloomberg [SHANGHAI] Citigroup Inc, HSBC Holdings Plc, and CIMB Group Holdings Bhd plan to apply to invest in yuan bonds following the People’s Bank of China (PBOC) decision to open up its interbank debt market. Andrew Au, the Shang-hai-based chief
      Bloomberg; REUTERS  -  530 words
    • Article, Illustration
      Lock icon China condemns attack on HK tourists
      340 13 AP [BEIJING] China has condemned the killing of eight Hong Kong tourists by a disgruntled ex-policeman who hijacked their bus in the Philippines and has demanded an investigation into the attack. Foreign Minister Yang Jiechi telephoned his counterpart Alberto Romulo to voice his concern
      AP  -  340 words
    • Article
      Lock icon Shanghai B shares jump on merger speculation
      266 13 Reuters Bloomberg [SHANGHAI] China’s B shares jumped as much as 9 per cent yesterday afternoon, its biggest daily gain since November last year, propelled by speculation the tiny market will be merged into the country’s forthcoming international currency board. The Shanghai B share
      Reuters; Bloomberg  -  266 words
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      101 13 "4 Ji 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 SH r OKA Expect refreshingly-new menus of improved quality value-for-money Set Lunch and Ala Carte items. W bxfc 0 i:-r<
      101 words
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  • INDIA
    • Article, Illustration
      Lock icon India rejects Vedanta’s bauxite mine project
      591 14 Second blow comes as resource giant faces hurdles with US$9.6b energy deal AFP Reuters [NEW DELHI] New Delhi yesterday rejected a plan by India-focused mining group Vedanta Resources plc to mine bauxite in an eastern state, a blow to the company already facing hurdles
      AFP; Reuters; REUTERS  -  591 words
    • Article
      Lock icon India extends tax refund for exporters by 6 months
      258 14 Bloomberg [NEW DELHI] India will extend by six months a plan to refund taxes to exporters as the government tries to boost overseas sales amid risks to global economic growth. “The global recovery so far has been fragile,” Trade Minister Anand
      Bloomberg  -  258 words
    • Article
      Lock icon ‘Yoga wars’ spoiling spirit of ancient health system
      583 14 WP [NEW DELHI] Heard of Naked Yoga? Kosher Yoga? Yoga for Carpal Tunnel Syndrome? More than 30 million Americans practise some sort of yoga in an ever-expanding industry generating an estimated US$6 billion in the US alone. But in the birthplace of
      WP  -  583 words
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      31 14 Demystifying Singapore Inc That's the power of BT Associate News Editor Wong Wei Kong never hesitates to ask all the awkward questions about corporate Singapore. THE BUSINESS TIMES A publication of
      31 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Home sales plunge 27% to lowest level in 15 years
      562 15 Low mortgage rates fail to provide any relief; home seizures in July up almost 4% LATEST US DATA Bloomberg AP Reuters [NEW YORK] Sales of previously occupied US homes fell to the lowest level in 15 years last month as
      Bloomberg; AP; Reuters  -  562 words
    • Article, Illustration
      Lock icon Rio Tinto may be considering bid for Potash
      668 15 Four other firms may also be mulling over joint bid for the firm Bloomberg Reuters [SYDNEY] Rio Tinto Group may be considering a takeover bid for Potash Corp of Saskatchewan Inc together with a Chinese partner to rival a proposal by BHP
      Bloomberg; Reuters; REUTERS  -  668 words
    • Article
      Lock icon J&J recalls contact lenses in Japan, Europe
      142 15 NYT [NEW YORK] Johnson Johnson (J&J) is voluntarily recalling contact lenses in Japan and elsewhere in Asia and Europe following customer complaints. Johnson Johnson Vision Care is recalling an estimated 100,000 boxes of its 1 Day Acuvue TruEye lenses manufactured in Ireland, the
      NYT  -  142 words
    • Article
      Lock icon HP-Dell battle for 3Par highlights data storage demand
      497 15 NYT [SAN FRANCISCO] Data storage used to be one of the more mundane corners of the technology industry. Now it is where an increasing number of tech companies and Wall Street want to be. On Monday, Hewlett-Packard, the world’s largest technology company,
      NYT  -  497 words
    • Article, Illustration
      Lock icon Potential suitor sounds out Chi-X Europe
      557 15 Reuters [LONDON] Trading platform Chi-X Europe said it may sell all or part of its business after being approached by an unnamed third party, placing rivals such as Nasdaq OMX and BATS in the spotlight as the sector consolidates. “Chi-X can confirm that it
      Reuters  -  557 words
    • Article
      Lock icon No Australian party is clear favourite to win elections
      602 15 Some A$10m still riding on who will form next govt AFP Bloomberg [SYDNEY] Millions of dollars are riding on the outcome of Australia’s deadlocked elections. But betting agencies said yesterday that no party was clear favourite even as bets were continuing
      AFP; Bloomberg  -  602 words
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      145 16/17 Streamlined for performance m J i I r A I Introducing the new Volkswagen Passat CC. The 4-door coupe. The sleek new 5-seater Passat CC performs exactly like it looks. Part limousine, part coupe, it represents the best of both worlds. It has the aerodynamic design and performance of a
      145 words
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  • WORLD
    • Article
      Lock icon Smartphone makers hit as chips are down
      758 18 Chip shortage after last year’s production rollback affects Apple rivals’ output AP [NEW YORK] The seemingly reces-sion-proof smartphone is suffering from a side effect of the rough economy: Manufacturers simply cannot build enough of the gadgets because chip-makers that rolled back production last
      AP  -  758 words
    • Article, Illustration
      Lock icon Chevron fights to ward off US$27b damages payout
      674 18 Reuters [LAGO AGRIO, Ecuador] A run-down court building that also houses the local casino in this Amazon jungle town is the unlikely venue for the largest environmental damages lawsuit ever tried. On the first floor, people play for pennies in The Mirage
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    • Article
      Lock icon Google buys shopping comparison site Like.com
      235 18 AFP [SAN FRANCISCO] Search giant Google has bought the shopping comparison website Like.com, the two companies said on Monday. Like.com specialises in visual search technology that lets people hunt online for bargains using pictures of clothing, handbags, shoes or other items they might desire.
      AFP  -  235 words
    • Article
      Lock icon Judge blocks Obama’s stem cell directive
      567 18 He says govt funding for embryo-linked research breaks law Bloomberg [NEW YORK] Federal funding for embryonic stem cell studies in the US is once again under attack after a judge blocked President Barack Obama’s expanded rules for scientists, potentially disrupting the field and discouraging
      Bloomberg  -  567 words
    • Article
      Lock icon Drilling moratorium will stay, US spill panel told
      428 18 Blast probe focuses on communication, chain of command AP [WASHINGTON] The top federal offshore oil drilling regulator told the presidential oil spill commission that the temporary halt to deep-water drilling will remain in place for a couple of more months. The Interior
      AP  -  428 words
    • Article, Illustration
      Lock icon Big investors shun stocks, go for gold, bonds
      676 19 Volatility in equities unnerves investors punished by losses in the last decade AP [NEW YORK] The smart money has moved away from stocks. So is the era of stock investing over? It’s too early to tell, but one thing is certain: “Money
      AP; FILE PHOTO  -  676 words
    • Article
      Lock icon Nordstrom’s inventory brainstorm paying off
      547 19 It’s among those with biggest gains in same-store sales NYT [SEATTLE] US retailers have been deploying all sorts of gimmicks and promotions to spur customer spending. Wal-Mart Stores hoped that deeper cuts in its standard rollbacks would be a draw, but then said that the
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      50 18 i Mtosos Mia [fe@a @dsb3 h JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ft KA fc*-®#. Lianhe Zaobao Turning iPod Touch toiPhone Apple 4* "Peel" inventor speaks §to Zaobao ihiPod Touch (I S >A N T I) |*H&§IWiSiSi To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      404 19 WINE DINE AND HOSPITALITY MID-AUTUMN TRADITIONS Tradition meets elegance with baked and snowskin mooncakes created by Hai Tien Lo's Master Chef Lai Tong Ping. Savour classics White Lotus Seed Paste with Single or Double Yolk, Pandan Paste and Five-grained White Lotus Seed Paste or snowskin flavours including Indulgent Durian, Sweet
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      336 20 c a V NS to Wete ed att^ acn Yfl a\P T Y\\\p^ a aeoet t\te P c dW B aqS6 rf\ai tot \\otes as cte ,\d doc MP s euO ta^e toe hou U3A d aft eT v^otu v\oM e OS d\o°^ e a me \det d\o a» tt\e
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  • Transport HUB
    • Article
      Lock icon Get ready for the Rotterdam Rules
      867 21  -  Dealing with liability, they are expected to be ratified soon and have a far-reaching impact on maritime commerce STRAIT TALK By DAVID HUGHES AFTER having read some 5,000 words on the Rotterdam Rules on carrier liability, I have quite a headache. That, I hasten
      867 words
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      Lock icon Japan to inspect damaged Mitsui oil tanker
      353 21 AFP [TOKYO] Japanese inspectors were due to board an oil tanker when it sailed into Tokyo Bay yesterday, almost a month after a suspected militant attack in the Strait of Hormuz between Iran and Oman. Officials for the United Arab Emirates have said
      AFP; REUTERS  -  353 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 21 SGX '000 Aug 24 S$ +/-Vol CH Offshore 0.52 -0.01 1611 Chuan Hup Hldg 0.26 -0.01 2 Cosco Corp 1.55 unch ***** CWT Ltd 0.89 0.01 1099 Ezra Hldgs 1.77 -0.04 8809 First Ship Lea 0.40 unch 273 Freight Links 0.06 unch 1035 Grand Banks 0.37 -0.01 2
      278 words
    • Article
      Lock icon Warning: piracy up in South China Sea
      205 21 Reuters [SINGAPORE] Global shipping industry groups warned oil tankers and freight vessels on Monday to take precautionary measures when travelling in the South China Sea after a recent spike in piracy. Armed pirates have attacked at least five vessels, including chemical and liquefied
      Reuters  -  205 words
    • Article
      Lock icon Ship supply seen weighing on rates
      382 21 Reuters [LONDON] Tufton Oceanic, advisers to the world’s largest shipping hedge fund, expects the dry bulk fleet to grow for up to three years and freight rates to be under pressure. “What looked in January 2010 like a two-year challenging supply situation is now
      Reuters  -  382 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Dubai Airport hits 4m monthly passenger mark
        446 22  -  It handled 4.31 million passengers in July, up 14.3% from 3.77 million By VEN SREENIVASAN DUBAI International Airport, a leading rival hub airport of Singapore’s Changi, broke the elusive 4 million monthly passenger mark coming into the second half of the year. The
        446 words
      • Article
        Lock icon Small plane crashes in Nepal, 14 feared dead
        141 22 AP [KATMANDU, Nepal] A small passenger plane heading to the Mount Everest region crashed yesterday outside Nepal’s capital in heavy rain with 14 people aboard, including five US nationals and a Japanese tourist, officials said. A witness said the plane broke into
        AP  -  141 words
      • Article
        Lock icon Swiss airport gets int’l safety status
        262 22 Reuters [GENEVA] Switzerland’s Sion airport in the heart of Alpine ski and summer mountain touring country has won top-level safety status, putting it on the same level as major international hubs. The decision came from the Montreal-based International Civil Aviation Organisation (ICAO) and means
        Reuters  -  262 words
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        Lock icon LaGuardia goes for upscale restaurants
        724 22 With travellers waiting longer, US airports are doing away with fast food AP [NEW YORK] Forget about greasy french fries, soggy pizza or that sandwich that’s been sitting out for hours. Filet mignon, crispy duck confit and crab cakes are taking off at the city’s
        AP  -  724 words
      • Article
        Lock icon Taiwan investors exit from China carrier
        206 22 AFP [TAIPEI] Taiwanese flag carrier China Airlines and two other firms have terminated their investment in a Chinese cargo airline, the island’s sole holdings in a mainland carrier, officials said yesterday. China Airlines has discarded its 25 per cent stake in Yangtze River Express
        AFP  -  206 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2973 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1320 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
        2,973 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Toyota’s China sales may rise 10% in 2011
        470 23 US beefs up probe into Corolla, Matrix cars due to possible engine defect Bloomberg AP [BEIJING] Toyota Motor Corp’s sales in China may grow more than 10 per cent next year, the company’s local chief said. The expected increase compares with Toyota’s
        Bloomberg; AP  -  470 words
      • Article, Illustration
        Lock icon Germany’s multi-billion rail masterplan sparks friction
        752 23 AFP [STUTTGART] With work barely begun, public ire over one of Europe’s biggest construction projects has exposed some hard truths about Germany, the continent’s top economy. Protesters have come out in force against a 7 billion euro (S$12.2 billion) grand plan to turn Stuttgart
        AFP  -  752 words
      • Article
        Lock icon Ch Karnchang wins Thai rail contract
        231 23 Reuters [BANGKOK] Thailand’s Ch Karnchang Pcl has offered the lowest bid to build a rail system, part of Bangkok’s 52 billion baht (S$2.24 billion) “blue line” mass transit project, a government agency said yesterday. Ch Karnchang’s 5.03 billion baht bid was below the 5.3
        Reuters  -  231 words
      • Article, Illustration
        Lock icon Prius gets sound option for better safety
        443 23 AP [TOKYO] Toyota’s Prius hybrid is becoming a little less quiet with a new electronic humming device that is the automaker’s answer to complaints that pedestrians can’t hear the top-selling car approaching. The 12,600 yen (S$200) speaker system that goes under the hood
        AP  -  443 words
      • Article
        Lock icon China Railway in talks on S African project
        177 23 Bloomberg [BEIJING] China Railway Group Ltd, the world’s second-largest publicly traded heavy construction company, said it is in talks with South Africa’s government for a US$30 billion high-speed rail project. Discussions are at an early stage and no funding is in place,
        Bloomberg  -  177 words
      • Article
        Lock icon Hero Honda sees slowdown on rates rise
        425 23 Bloomberg [MUMBAI] Hero Honda Motors Ltd, maker of about half the motorcycles sold in India, says demand will grow more slowly this year as the central bank raises interest rates to pare inflation. “In the second half, demand should start tapering off,” CFO
        Bloomberg  -  425 words
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      60 21 LUNCH ON US! Join us for a business lunch at M-Hotel Singapore on 26 August 2010, Thursday (12pm 2pm). We like to welcome you if you want to learn more about the latest liner shipping solutions. Email marketing sin@softship.com or call +65 *****497 for more information about this event. RSVP
      60 words
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      39 21 USING SUPPLYTIME SINGAPORE In collaboration with the Maritime and Port Authority of Singapore 27-28 September 2010 Programme Registration available at www.bimco.org For more information, please contact BIMCO Education: Tel: +45 4436 6800 Fax: +45 4436 6868 E-mail: education@bimco.org www.bimco.org
      39 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      267 22 CRYPTIC CROSSWORD Across 1 Mark a black creepy-crawly (6) 4 Accordingly, let for hire off Cowes (6) 8 Transport company started transferring portable bed (8) 10 Spoken verse code I deciphered (6) 11 Sordid beginning makes Eric a neurotic (4) 12 One-sided lie, natural misbehaviour (10) 13 Represent small people
      267 words
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  • Page 23 Advertisements
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      36 23 mtuM Z4N Luxuri I H|BH fnjp'tWimti Sailing Dates: 10 or 17 January, 2011 Log on to setrave Hers. c*m the ultimate travel resource bu SPH Sponsored By: RoyalCaribbean Content Powered By: rednano.sg Singapore's directory search engine
      36 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Keeping energy supply ahead of demand
      499 24 EDITORIAL THE lights will never go out in Singapore, a former genco chief used to say, referring to the fact that electricitygenerating capacity here, or supply, has always tended to exceed demand. And with long-term strategic planning like the Republic’s move to diversify gas
      499 words
    • Article, Illustration
      Lock icon China should rethink its strategy of threats
      761 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator CHINA is warning Asian countries that holding military exercises with the United States is bad for their health. South Korea and Vietnam, both of which recently conducted naval activities
      761 words
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      Lock icon Effective corporate governance for SMEs
      928 24  -  The firms face increasing fraud risks if they don’t enact sound corporate governance By GARY PAN,EVELYN GAY Gary Pan is an associate professor of accounting (education) from the Singapore Management University’s School of Accountancy and Evelyn Gay is a final-year student pursuing a double degree
      ATOS ORIGIN ASIA PACIFIC  -  928 words
    • Article, Illustration
      Lock icon Can Mr Nice Guy get nasty now ?
      1171 25  - Can Mr Nice Guy get nasty now Is it too late for Obama to become more confrontational with the Republicans to foil their misinformation campaigns? LEON HADAR Washington Correspondent UNLESS US President Barack Obama and the Democrats are showered with unexpected good news in the coming three months Unemployment falls
      AFP  -  1,171 words
    • Article, Illustration
      Lock icon Copyrights and copy wrongs
      1420 25  -  At certain point, copyrights stop protecting innovation and begin protecting profit, scaring off future inventors By EZRA KLEIN LAT-WP I PRIDE myself on being a man of substance. A wonk. A nerd, even. And like most nerds, I don’t have a great eye for fashion. So
      LAT-WP; AP  -  1,420 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8879 26 Transaction date: Aug 24 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 20.5 13 3148 8Telecom 19 +0.5 4006 20.5 18.5 18.5 19 1.7 9.5 6.1 91 12 6 5834
      8,879 words
    • Article
      Lock icon SGX CATALIST
      1736 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 9 5 1181 t AA Grp 5 5 6 27.8 4.8 225 130 6222 t APStrategic 190 -3 1 190 190 190
      1,736 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9481 27 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
      9,481 words
    • Article
      Lock icon SGX ETF
      805 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 118 113 117 538.6 917 716 CIMBAsean40 100US$ US912 +1 0 912 912 908 912 36.5 306
      805 words
    • Article
      Lock icon CLOB INTERNATIONAL
      254 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 36.5 6000 AVJennings A44cd 42.5 44.5 3.6 8 3.5 114.6 31.5 16 6017 Genting HK US$ US30 -1.5 ***** 31.5 29.5 30 30.5
      254 words
  • Page 26 Advertisements
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      67 26 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 •SINCERE FINE WATCHES SINCERE NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65)
      67 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Aug 23 Index Change Change Change Change Change Change World Index Preliminary 791.0 0.1 -5.0 0.1 -9.4 0.2 -6.2 EAFE Preliminary 734.2 0.2 -6.5 0.3 -12.2 0.3 -9.2 Europe Preliminary 1069.9 0.6
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 28 Aug 24 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/16 US$ 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
      23 28 Aug 24 Bid Offer 1-month 1.3624 1.3635 2-months 1.3623 1.3635 3-months 1.3622 1.3634 6-months 1.3619 1.3631 Source: OCBC Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      147 28 Aug 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 333.0 333.0 333.0 5 Oct 10 332.5 Nov 10 332.0 332.0 332.0 8 Dec 10 332.3 332.0 332.3 16 Jan 11 332.0 332.0 332.0 8 Feb 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 28 Aug 24 Aug TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 25.11.2010 0.28 0.23 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 104.27 104.31 104.30 5-Year N*****0N 1.375 01.10.2014
      91 words
    • Article
      Lock icon CHICAGO BOT
      105 28 Aug 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1007.00 1009.25 1016.50 1003.00 Nov 10 1005.50 1004.00 1010.75 998.50 Jan 11 1012.75 1011.00 1016.75 1005.75 Mar 11 1017.50 1015.75 1021.75 1013.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 39.25 39.52 39.87
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Aug 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 73.53 -0.60 WTI (Near Mth) 72.70 -0.91 Dubai (1-Mth F) 72.52 -0.68 Tapis blend 79.50 -0.75 Minas 74.60 -0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.89 -0.75 Jet Kerosene 84.70 -0.60 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2356 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 39 1 150 -1 4.87 45 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86 18 6168 Asia Water Tech Ltd W*****8 4.5 unch 368
      2,356 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 28 Aug 24 As at 9am Aug Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1970 1.2330 Can dollar 1.2800 1.2950 Euro 1.7060 1.7260 NZ dollar 0.9510 0.9720 Sterling pound 2.0920 2.1170 US dollar 1.3500 1.3650 Local dollars to 100 units of
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Aug 24 Open High Sett STI Aug 2919 SIMSCI Aug 343.8 346.2 342.0 Taiwan Aug 280.4 281.3 278.0 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5675 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      5,675 words
    • Article
      Lock icon PALM OIL
      66 28 Aug 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2690 2670 2717 2667 885 4879 Oct 10 2620 2570 2633 2569 3807 ***** Nov 10 2555 2510 2567 2502 ***** ***** Dec 10 2533 2481
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      436 28 Aug 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6950 0 967 Dec10 99.6400 0 3584 Mar11 99.5800 0 2966 Jun11 99.4750 0 2192 EUROYEN TIBOR FUTURES Sep10 99.6600 99.6600 99.6550 99.6550 0 3745 Dec10 99.6900 84 1825 Mar11 99.7050 0 2043 Jun11 99.7300 99.7300
      436 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 Aug 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.936 6.015 0.701 6.879 41.506 79.468 0.748 10.551 2.784 1.259 75.668 40.289 1.206 6.554 0.922 28.315 27.899 0.575 0.885 Canada 1.068 6.425
      464 words
    • Article
      Lock icon SIBOR
      85 28 Aug 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Aug 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2052 1.2064 0.8846 0.8848 Canadian dollar 1.2872 1.2885 0.9448 0.9450 Euro 1.7195 1.7213 1.2621 1.2624 NZ dollar 0.9568 0.9580 0.7023 0.7026 Sterling pound 2.0963 2.0988 1.5387 1.5393
      154 words
    • Article
      Lock icon PRECIOUS METALS
      137 28 Aug 24 GOLD (US$/oz) Aug 23 Aug 24 Hong Kong 1228.30 1220.00 Aug 20 Aug 23 London 1226.50 1223.70 1226.90 1224.15 Source: Thomson Reuters CAST BAR Aug 24 (S$) Selling Buying Kilobar 57,213.97 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 53 5gm 363.8 267 10gm 649.49
      137 words
    • Article
      Lock icon LONDON METALS
      70 28 Aug 23 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2039.00 2037.75 3 months 2040.00 unch Copper, Grade A (US$/tonne) Cash 7235.00 7236.50 3 months 7255.00 unch Lead (US$/tonne) Cash 2021.50 2030.50 3 months 2048.00 2056.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      82 28 Aug 23 COCOA (£/tonne) Close Prev High/Low Sep 10 2090 2061 2098/2055 Dec 10 2015 2000 2019/1984 Mar 11 2025 2016 2027/2001 May 11 2033 2030 2039/2013 COFFEE (US$/tonne) Close Prev High/Low Sep 10 1737 1751 1787/1727 Nov 10 1777 1791 1838/1767 Jan 11 1787 1804 1844/1782 Mar 11
      82 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      47 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      47 words
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  • Page 31 Advertisements
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      58 31 Accounting Blues? Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. CoWP Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg Routine Accounting SWAT Accounting
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      16 31 www.omy.sg V E k 'f •J k http://eat.omy.sg s mm i i m i± I http://lifestyle.omy.sg
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  • executive Money
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      Lock icon No longer a nation in waiting
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      Lock icon Investors banking on diversification
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      11 32 MONEY MATTERS Indonesia no longer a nation in waiting PAGE 31
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