The Business Times, 8 September 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, September 8,2010
    23 words
  • 628 1  -  Tough new capital requirements may pinch Western banks By CONRAD TAN [SINGAPORE] Banks worldwide could be required to hold as much as 9 per cent in Tier 1 capital more than twice the current minimum if proposed international guidelines
    628 words
  • 747 1  -  NOL among outfits to move to Chongqing as S’pore companies look beyond traditional bases in China By LEE U-WEN A BUSTLING municipality that styles itself as the “Chicago of China” has put out the welcome mat for companies from Singapore and elsewhere
    HO PENG YEW/LIANHE ZAOBAO  -  747 words
  • 141 1 ST INDEX 3,036.09 (+1.51) ST INDEX FUTURES 3,032 (+1) SIMSCI 359.11 (+0.35) SIMSCI FUTURES 357.80 (-0.10) FOREX US$ S$ US$ (S$ per US$) 1.348 (US$/S$ per 1.540 2.076 EURO (US$/S$/E) 1.279 1.724 Foreign currency per US$ S$ YEN 83.90 62.20 RM 3.125 2.318 HK$ 7.768 5.762 BAHT 31.21
    141 words
  • Page 1 Advertisements
    • 68 1 COMPANIES Telco stocks slip on fears of keener competition PAGE 6 PROPERTY Tender bids spread wide as developers guess at fallout PAGE 12 TRANSPORT HUB Mitsuoka to start Thai production PAGE 23 EXEC MONEY Keeping it all in the family PAGE Deutsche Bank db.com Financial strength. Everywhere in Asia ■<*
      68 words
    • 7 1 Chongqing a draw for NOL, Page 7
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  • TOP STORIES
    • 680 2  -  Move reflects UK’s commitment to boost investment, trade with Asia By NEIL BEHRMANN STEPHEN Green, chairman of HSBC, will step down and become trade minister of the UK’s coalition government. Both the government and HSBC have officially confirmed the appointment of Mr Green,
      REUTERS  -  680 words
    • 517 2 Bloomberg [LONDON] Robert Diamond, the architect of Barclays plc’s investment banking expansion, was appointed chief executive officer and pledged to boost the bank’s consumer unit. Mr Diamond, 59, will become deputy CEO next month before John Varley, 54, steps down at the end of
      Bloomberg; BLOOMBERG  -  517 words
    • 640 2 Cheaper, livelier, new face of China woos businesses A BUSTLING municipality that styles itself as the “Chicago of China” has put out the welcome mat for companies from Singapore and elsewhere and seen some big names walk in through the door. Chongqing is buzzing. Microsoft has already made
      640 words
    • 543 2  -  By MELISSA TAN KAREN NG [SINGAPORE] Mooncake sales have shot up this year despite price increases due to higher ingredient costs. Hotels and restaurants surveyed by BT including Goodwood Park Hotel, Tung Lok, the Marriott Hotel and Crystal Jade reported similar or
      FILE PHOTO  -  543 words
    • 582 4  -  Firm announces new dividend policy of paying at least 30% of net profit By S S JAYASANKARAN MALAYSIAN telecommunications firm Axiata came through with bells on in the second quarter of 2010 despite fears about overpaying for spectrum in India. For the
      REUTERS  -  582 words
    • 637 4  -  By ANTHONY in Tokyo ANTHONY ROWLEY THE Bank of Japan (BOJ) again declined to take decisive action yesterday in the face of the strong yen and a weakening Japanese economy, reflecting what appears to be an agreement between Tokyo and
      AFP  -  637 words
    • 318 4 AP [WASHINGTON] President Barack Obama will call on Congress to pass new tax breaks that would allow US businesses to write off 100 per cent of their new capital investments through 2011, the latest in a series of proposals the White House is
      AP  -  318 words
    • 468 4  -  By SIOW LI SEN [SINGAPORE] Switzerland should continue building on its own strength and traditions and it will remain the financial centre of choice for the very rich, especially those from Europe. And while it should learn from the financial crisis, Switzerland should not
      DESMOND WEE/THE STRAITS TIMES  -  468 words
    • 387 4 Bloomberg [BEIJING] Billionaires Bill Gates and Warren Buffett will publicly explain the purpose of their planned visit to China after a newspaper reported that a number of wealthy Chinese individuals declined to attend an event hosted by the two due to concerns that they’d
      Bloomberg  -  387 words
  • Page 2 Advertisements
    • 328 2 The Asia Human Capital Leadership Series Grand Copthorne Waterfront Hotel 27 28 September 2010 The Human Capital Leadership Institute (HCLI) is proud to present two highly engaging seminars by Professor Dave Ulrich: 1.5 day Forum: Leadership for the Future 27 September 2010, Monday: 9am to 5.30pm 28 September 2010, Tuesday:
      328 words

  • Page 3 Advertisements

  • Page 4 Advertisements
    • 17 4 Authentic BalineseWilla Balinese lifestylefon$15, fJ JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ft#,ft.
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    • 107 4 Bei i in 9 Seoul Bangkok mpur' Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major
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    • 10 4 US jobless rate nearing 10%, says BofA Merrill, Page 18
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    • 26 4 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. Q5 MATS
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    • 131 5 i, US* "i. > «&t» J\V,/ -y iv*h ;4l&L -jSSH ill: «E« -A i 'ft I »:■> a: ;v: st &NKl\ -Nl 55 »i7 w r. irm m i k &wru m rxfaA>5 i&ffZ iViK F,f fci m W f. w I a fe 4 or *4 u 4 1
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  • COMPANY NEWS
    • 581 6  -  High mobile penetration makes it unlikely for new player to bid for final 3G spectrum STOCKS IN PLAY By LYNETTE KHOO TELCO stocks fell yesterday on concerns that more competitors may join the market, after the government announced that it is seeking
      581 words
    • 342 6  -  By JAMIE LEE ABTERRA shot into the list of top 20 most active stocks yesterday over an error trade said to have been done by a major US bank. Shares of Abterra which develops mineral resources and trades iron ore were consolidated
      342 words
    • 804 6  -  HOCK LOCK SIEW By VEN SREENIVASAN THE impending transition at the helm of Singapore Airlines comes at a time of great change in the traditional commercial aviation model. Goh Choon Phong, who headed SIA Cargo during one of its most tumultuous periods between 2006
      804 words
    • 418 7  -  NTU-SGX Centre for Financial Education to offer classes to traders, students and the public By JAMIE LEE THE Singapore Exchange (SGX) is pushing for more education in the area of algorithmic, or algo, trading which makes up about 30 per cent of SGX’s
      FILE PHOTO  -  418 words
    • 402 7  -  By LEE U-WEN SEVEN months have passed since Neptune Orient Lines (NOL) moved its China administration and service centre out of Shanghai into a new base in Chongqing, and the company’s group president and chief executive Ron Widdows couldn’t be any happier. With office rentals
      HO PENG YEW/LIANHE ZAOBAO  -  402 words
    • 932 8 They risk suffering record losses when policymakers start raising interest rates Bloomberg [LONDON] Corporate bond investors are facing the potential for record losses when policymakers start to raise interest rates as companies take advantage of falling borrowing costs to sell longer-term debt. Bondholders
      Bloomberg  -  932 words
    • 324 8 Contingency scheme includes 3-year term loan with banks CHINA Essence Group’s plans to refinance its US$50 million DBS Bank loan have been delayed and complicated by “ongoing unfavourable macroeconomic conditions and tightened bank internal controls”. On June 30, the potato products producer ap- proached HSBC
      324 words
    • 188 8 OCBC Bank held an inaugural career fair for its staff, as well as for university students from NUS, NTU and SMU, Insead and Chicago Business School, early this month. Held at the bank’s premises at OCBC Centre, the fair attracted about 500
      188 words
    • 345 8  -  Full-year profit jumps 81.9% on 23% rise in revenue By RACHEL SIM EXPANSION plans are on the cards for Latitude Tree International Group, following a robust financial year. The manufacturer of lifestyle wooden home furniture has plans to upgrade and expand production facilities as
      345 words
    • COMPANY BRIEFS
      • 62 8 HOTEL Grand Central said yesterday that its hotel in Christchurch, Hotel Grand Chancellor Christchurch, suffered some damage as a result of the earthquake that hit the Canterbury region on Sept 4. However, all guests and staff members are safe. The hotel passed council
        62 words
      • 47 8 UNITED Envirotech Ltd has secured a 30 million yuan (S$5.95 million) contract from the Hegang municipal government to construct a 30,000m3/day wastewater recycling facility. The engineering, procurement, construction (EPC) project is expected to be completed by the end of the year.
        47 words
      • 87 8 MOYA Dayen said it has reached an amicable settlement with former deputy chairman and executive director John Lee. This is over claims filed by him against the company regarding the end of his employment and counterclaims against him over breach of employment agreement and
        87 words
      • 54 8 Bloomberg DBS Group’s banking unit plans to sell five-year US dollar bonds at a spread of about 110 basis points more than similar-maturity Treasuries, according to a person familiar with the matter. The benchmark-sized transaction was likely to be priced as early as
        Bloomberg  -  54 words
  • Page 6 Advertisements
    • 360 6 o HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCEL PASIR RIS E3 On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of land parcel at Pasir Ris Drive 1 /Elias Road on a 99-year lease. PASIR RIS
      360 words
    • 76 6 *****38 ARMENIAN ft Mm m 55 VJ i YX m m w ■Y W loc VJ V//J X Conserved shophouses with historic location storey extension new in v STRATA OFFICES FOR SALE LIMITED UNITS 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber
      76 words

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    • 183 8 08/2010 CPA*****0 Everything has changed After more than a year of market volatility, finance, accounting and business professionals are faced with a new landscape. Success depends on you. Experience CPA Congress 2010 the premium global event for strategic business leaders. Navigate the New with… An informative and engaging event where
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    • 98 9 5e?Hnll t\r'K A e, 1 r DEL VERY OF P2026 WEST LEDA Seadrtll 1 4 SHIPYARD PTE LTD 31st August 2010 mrnmm§mfi mmm mmi ?£&s$t 'S ■i-r'i.y SIM SSf IS '.■vr Pi s& SHIPYARD c-z m 'b-i O tPP S£ S» Vi r >-V-y Congratulates <y. to ss ;s l
      98 words

  • SINGAPORE MARKETS
    • 537 10  -  Banks, SingTel rally turns STI’s 15-point loss into a net gain of 1.51 points for a close of 3,036.09 STOCKS R SIVANITHY Senior Correspondent AFTER pushing stocks higher almost nonstop for the past week, traders yesterday reversed gear and bet on Wall Street encountering softness
      Source: Bloomberg  -  537 words
    • 4 10 DAILY
      4 words
    • 66 10 Sep 7 VALUE CLOSE BT OB/OS 281.00 +30.00 BT CADI -*****.00 -55.00 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 742.14 +1.96 FTSE ST Small Cap 543.05 -0.15 FTSE ST All Share 748.11 +0.59 FTSE ST China Top 271.52 +0.11 FTSE ST China 303.95 +2.20 FTSE
      66 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 5 0 0 0 5 6 5 Manufacturing 42 68 76 6 6 19 48 74 95 Commerce 20 22 24 3 6 9 23 28 33 Tpt/Stor/Comms 8 16 17
      186 words
    • BROKERS’ TAKE
      • 426 10 Sept 7 close: $3.08 OCBC INVESTMENT RESEARCH, Sept 7 CHINA gets tougher on environmental issues. According to media reports, China is getting tougher on companies that flout environmental rules; it has ordered banks to stop new lending to companies that pollute excessively or consume too much energy. The
        426 words
      • 501 10  -  companies DBS GROUP RESEARCH, Sept 7 Compiled by JOYCE HOOI THE telecom regulator, IDA would be auctioning three lots of additional 3G spectrum in 1900-2100 MHz band with reserve price of $20 million for each lot. Applicants wishing to secure the spectrum must submit offers by Oct
        501 words
    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,466 9,466 34,654 34,654 Manufacturing 275,216 32,397 307,613 202,455 4,398 206,853 Commerce 273,104 55,549 328,653 290,474 11,189 301,662 Tpt/Stor/Comms 84,114 1,124 85,238 161,638 125 161,763 Finance 12,321 20 12,341 108,818 3 108,821 Construction 16,781 17,647
      121 words
    • 109 10 Stock name Close Change Stock name Close Change CapMallsAsia 2.250 +0.040 CapitaLand 4.000 +0.020 CapitaMall 2.000 -0.010 CityDev 11.700 ComfortDelGro 1.530 DBS Grp 14.260 +0.020 F&N 5.750 +0.060 Genting SP 1.810 +0.030 Golden Agri 0.585 HK Land 5.620 +0.080 JMH 43.300 -0.500 JSH 25.120 -0.340 Jardine
      109 words
    • 465 10 CURRENCIES Reuters [LONDON] The euro fell broadly yesterday after rekindled concerns about the European banking sector prompted investors to sell higher-risk currencies. The yen and the Swiss franc rallied, supported by their safe-haven appeal after a Wall Street Journal report highlighting the shortcomings
      Reuters; REUTERS  -  465 words
    • 62 10 VOLUME *Genting HK US$ 162,297,000 Abterra 149,472,000 Genting SP 85,900,000 GMG Global 51,685,000 Golden Agri 40,453,000 Vallianz Hldgs 31,581,000 Noble Grp 29,444,000 China Hongxing 22,409,000 C&O Pharm 21,935,000 Sun East 20,806,000 VALUE($) Abterra 176,886,325 Genting SP 154,000,000 *Genting HK US$ 91,420,482 SingTel 56,475,330 Noble Grp 50,134,164 Wilmar
      62 words
    • 111 10 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 361.0 1.6 DBXT MSAsExJp 10US$ 2939 175.2 4.6 Thai Prime Fd 780 175.2 20.0 DBXT SPASX200 10US$ 2985 84.9 2.2 OCC 5.1% NCPS 100 ***** 52.0 0.5 Jardine C&C 3584 30.0 0.8 DBXT Nifty 10US$ ***** 27.0 0.2 DBXT S&P Short
      111 words
    • 114 10 BY CENTS CLOSE DOWN DBXT iBoxxKR 5US$ *****-113.2 -0.7 JMH 4330 -67.4 -1.1 DBXT STGLDv100 10US$ 2565 -47.2 -1.3 JSH 2512 -45.8 -1.3 DBXT MSTHAI 10US$ 1370 -37.7 -2.0 APStrategic 160 -34.0 -17.5 APStrategic W*****6 28.5 -10.0 -26.0 Wilmar 638 -10.0 -1.5 SIA 1592 -8.0 -0.5 Star Hub 242
      114 words
    • 87 10 Where S$ stands Sep 7 CHNG YR 2010 CLOSE FR Sep 6 S$ LOW S$ HIGH US$ 1.3482 -0.24 1.4219 1.3450 Euro 1.7208 0.72 2.0153 1.6886 Pounds 2.0714 -0.05 2.2831 2.0003 A$ 1.2271 0.32 1.2960 1.1515 Yen* 1.6059 -0.38 1.6080 1.4467 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.3246 -0.08
      87 words

  • Page 11 Advertisements
    • 317 11 Enjoy foreign currency time deposit rates high as rm rr J m r 1 kv •fit* m > m II B T SSov^d" 3U -50 -50 MM;: 50 50 50 T estaj 50 mi BiF 1 did r^ 9 g Enjoy one of the highest interest rates in the market
      317 words

  • SINGAPORE NEWS
    • 596 12  -  Top offer, from Far East, for Jalan Eunos site is 26.5% more than next highest By KALPANA RASHIWALA DEVELOPERS’ mixed reading of the impact of the Aug 30 property market cooling measures was apparent at a state tender yesterday. Far East
      596 words
    • 446 12  -  By UMA SHANKARI THE Housing Development Board (HDB) yesterday released two residential sites one for an executive condominium (EC) at Pasir Ris and the other for private housing at Sengkang. The EC parcel, which is at the junction of Pasir Ris Drive 1 and
      446 words
    • 388 12  -  Promotion for A$, NZ$, US$ FDs also applies to existing funds By CONRAD TAN MAYBANK Singapore has launched a new promotion to attract foreign-currency fixed deposits, a move that could put further pressure on rivals here. The rates offered on one-year deposits are 5.25-5.4
      388 words
    • 371 12  -  By NISHA RAMCHANDANI THE focus has largely been on upscale hotels in Asia but the economy hotel segment has much room to grow, hotel industry experts said at a forum here yesterday. As such, hotel groups such as Accor (Asia Pacific) have
      AFP  -  371 words
    • SINGAPORE ROUNDUP
      • 87 12 THE Singapore Cricket Club (SCC) International Rugby 7s has several new corporate and media partnerships this year. The Singapore Sports Council and official broadcast partner World Sport Group are currently in talks to show the tournament live on local cable television. Lifestyle cable
        87 words
      • 94 12 SOCIETE Generale Private Banking has named Olivier Gougeon chief executive officer for South Asia from Sept 1. Mr Gougeon replaces Pierre-F Baer and will be based in Singapore. He will manage the day-to-day operations of the Singapore office and pursue the
        94 words
      • 110 12 BUNGALOW specialist Realstar will be issuing iPads to all its sales staff soon. With this move, Realstar expects to boost its market share as the iPad will enable its sales team to show clients customised views of many properties. So far, 1,000 luxury
        110 words
    • 264 12  -  By KAREN NG DBS Private Equity Group has bought a minority stake in engineering, planning and management consultancy Meinhardt Group International Holdings, Meinhardt said yesterday. The purchase comes right after Shahzad Nasim a 32-year Meinhardt stalwart and shareholder completed a multi-mil-lion-dollar acquisition
      264 words
  • Page 12 Advertisements
    • 448 12 adv IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF INTER YOUTH CO PTE. LTD. Company Registration No. *****7658R (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50, that the Final Meeting
      448 words
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  • ACCOUNTANCY SPOTLIGHT
    • 1376 13  -  Various initiatives, prompted by recommendations by the CDAS, are in the works to help move the sector forward, reports LYNETTE KHOO LYNETTE KHOO GIVENSingapore’sambitious moves to grow its accountancy sector over the next decade, industry players have their work cut out. Over the next 10
      1,376 words
    • 716 13  -  By LYNETTE KHOO PRODUCTIVITY has become the holy grail this year as the government aims to bump up output growth and restructure the economy over the next 10 years. Heeding the call to boost productivity, audit firms are deploying various tools, ranging from
      716 words
  • Page 13 Advertisements
    • 86 13 AccountAncy ServiceS Sector Where Are We going? The accountancy profession is undergoing dramatic changes. Amidst this transformation process, many have stopped to ask: Where am I? Where are we going? To help you answer these and other critical questions, come join the 2010 ACCA Singapore Annual Conference, Accountancy Services Sector
      86 words
    • 12 13 This is the second of a four-part series brought to you by
      12 words

  • ECONOMY WATCH
    • 672 14 But ministers put off talks on permanent mechanism to solve eurozone crises Reuters [BRUSSELS] European Union finance ministers moved closer to agreement on swifter sanctions for budget rule breakers on Monday but put off potentially difficult talks on a permanent mechanism
      Reuters  -  672 words
    • 658 14 Overnight cash rate target is at 4.5% for a 4th month Bloomberg [SYDNEY] Australia’s central bank has extended its pause in raising interest rates “for the time being” as concern that the global economic recovery may falter trumped evidence of an accelerating expansion at
      Bloomberg; BLOOMBERG/REUTERS  -  658 words
    • 501 14 Bloomberg [TOKYO] The Japan Bank for International Cooperation plans to offer US$2.5 billion in loans this fiscal year for clean-energy and water-supply projects abroad to help Japanese companies market their environmental technologies. The state-controlled lender known as JBIC will seek to ally with
      Bloomberg  -  501 words
    • 802 14 Bloomberg [LONDON] Even after a 750 billion euro (S$1.29 trillion) bailout for the weaker economies in the eurozone, investors are skittish about sovereign debt and about the banks that hold the region’s government bonds. A default by Greece could trigger
      Bloomberg; REUTERS  -  802 words
    • 397 14 Bloomberg [NEW YORK] More US stocks are paying dividends that exceed bond yields than any time in at least 15 years as profits rise at the fastest pace in two decades. Kraft Foods Inc and DuPont Co are among
      Bloomberg  -  397 words

  • MALAYSIA/INDONESIA
    • 288 15 AP [TANAH KARO, Sumatra] An Indonesian volcano shot a towering cloud of black ash high into the air yesterday, dusting villages 25 kilometres away in its most powerful eruption since awakening last week from four centuries of dormancy. Some witnesses at the foot of Mount
      AP  -  288 words
    • 375 15 Bloomberg [JAKARTA] Indonesia’s central bank chief said he wants to avoid increasing interest rates, counting on lending and reserve rules for banks to contain inflation and stoke growth in South-east Asia’s biggest economy. “As long as we still can manage our monetary variables
      Bloomberg  -  375 words
    • 316 15 Its draft prospectus doesn’t say how much the chemicals unit seeks to raise Reuters [KUALA LUMPUR] Malaysia’s Petronas has filed a draft prospectus for an initial public offering (IPO) of its entire petrochemicals business, moving a step closer towards creating the country’s second largest
      Reuters  -  316 words
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  • GREATER CHINA
    • 315 16 Bloomberg [HONG KONG] American International Group Inc (AIG) plans to seek Hong Kong listing committee approval on Sept 21, to list its Asian life insurance unit, aiming to raise about US$15 billion, two sources with direct knowledge of the
      Bloomberg  -  315 words
    • 843 16 Overcapacity put at 20% but curbs seen removing only a small fraction Reuters [SHANGHAI] Asian steelmaker shares soared as China intensified a curb on mill output, though analysts warn that more work is needed to trim oversupply in the world’s top producer. The
      Reuters; BLOOMBERG  -  843 words
    • 539 16 Reuters Bloomberg [XIAMEN] Vice-president Xi Jinping reassured overseas firms yesterday that China would treat them fairly and was committed to becoming the world’s most attractive destination for foreign investment. The European Union’s foreign policy chief, Catherine Ashton, had raised worries about the difficulty
      Reuters; Bloomberg  -  539 words
    • 378 16 Reuters [BEIJING] China will intensify efforts to draw factories inland from crowded coastal regions, a government directive said, but warned officials to leave such decisions to companies. The State Council, or Cabinet, stressed the importance of relocating industry inland to keep manufacturing competitive
      Reuters  -  378 words
    • 309 16 Reuters [SHANGHAI] Industrial Commercial Bank of China (ICBC) could stake a claim as a global fund-raising specialist, analysts said yesterday after the bank secured a role in Brazilian oil giant Petrobras’ record share offering. ICBC, the world’s biggest bank by market value,
      Reuters  -  309 words
  • Page 16 Advertisements
    • 109 16 SUN AUTO fj* Automobile Lifestyle Boutique www.sunauto.com.sg AUDI A3 S-Line TFSI A5 S-Line Quattro E250 Saloon Avantgarde BfOWn E250 coupe "Sport" Grey/Black 09/08 C63 AMG Black 10/08 CLK63AMG Black 03/08 E63 AMG Black PORSCHE 11 /08 335 M-sport coupe Black 03/08 335 SE Convertible Blue 03/08 M3 Saloon (M) S.Ston*
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    • 221 16 adv IN THE MATTER OF THE CCOOMPANIES 50 AND IN THE MATTER OF MARUNOUCHI PTE. TD. (INMEMBERS’ UNTAR LIQUID TION) CCOOMPANYREGISTRATION NNOO.. *****6201E Extract heMinutes anExtraordinar Gener Meeting MARUNOUCHI PTE. TD. signed he epresentativ tthhee Holding Compan pursuant Section *****(6) heCompaniesAct,Cap50on 2ndSeptember20 he esolutionssetout belo dulypassed: SPECIAL RESOLUTION That heCompan
      221 words
    • 228 16 IN THE MATTER OF THE CCOOMPANIES 50 AND IN THE MATTER OF PPAACIFICVIIPTE. TD. (INMEMBERS’ UNTAR LIQUID TION) CCOOMPANYREGISTRATION NNOO.. *****502H Extract heMinutes anExtraordinar Gener Meeting PPAACIFICVIIPTE. TD. signed he epresentativ heHolding Compan pursuant Section 79(6) he Companies Act, Cap 50 on 2nd September 20 he esolutions set out belo
      228 words
    • 219 16 IN THE MATTER OF THE CCOOMPANIES 50 AND IN THE MATTER OF MARUNOUCHIVIPTE. TD. (INMEMBERS’ UNTAR LIQUID TION) CCOOMPANYREGISTRATION NNOO.. ***** Extract heMinutes anExtraordinar Gener Meeting MARUNOUCHIVI PTE. TD. signed he epresentativ tthhee Holding Compan pursuant Section *****(6) heCompaniesAct,Cap50on 2ndSeptember20 he esolutionssetout belo dulypassed: SPECIAL RESOLUTION That heCompan be oundup
      219 words
    • 229 16 IN THE MATTER OF THE CCOOMPANIES 50 AND IN THE MATTER OF PPAACIFICVIIIPTE. TD. (INMEMBERS’ UNTAR LIQUID TION) CCOOMPANYREGISTRATION NNOO.. *****503Z Extract heMinutes anExtraordinar Gener Meeting PPAACIFICVIIIPTE. TD. signed he epresentativ heHolding Compan pursuant Section 79(6) he Companies Act, Cap 50 on 2nd September 20 he esolutions set out belo
      229 words

  • INDIA
    • 368 17 Bloomberg [DUBAI] Emirates Telecommunications Corporation (Etisalat), the United Arab Emirates’ biggest phone company, said it is considering Idea Cellular Ltd among potential investment targets in India. “There are many options in India, and we are not excluding Idea Cellular,” Jamal Al-Jarwan, chief executive officer
      Bloomberg  -  368 words
    • 315 17 Reuters [MUMBAI] Indian shares climbed 0.5 per cent yesterday and hit their highest level in 31 months for the second day, bolstered by rising foreign investor interest in the fast-expanding economy. Overseas funds have poured US$13.1 billion into Indian stocks this year, adding to
      Reuters  -  315 words
    • 685 17 But he also believes world is big enough for the two to cooperate, compete Reuters [NEW DELHI] China is seeking to expand its influence in South Asia at India’s expense, Indian Prime Minister Manmohan Singh warned in rare public
      Reuters; AFP  -  685 words
  • Page 17 Advertisements
    • 283 17 2 0 10 ASEAN's Largest International Machine Tools and Metalworking Technologies Trade Exhibition Conference 24 lh Edition Metalex 201 0 ASEAN's Largest International Machine Tools and Metalworking Technologies Trade Exhibition Conference 24th Edition 24th-27th November 2010 BITEC, Bangkok Thailand www.metalex.co.th BANGKOK w EWELRY FAIR Thai Gem Jewelry Traders Association Bangkok
      283 words

  • ASIA-PACIFIC/WORLD
    • 724 18 PM promises stable govt, but defection of a single MP will bring down admin AP [CANBERRA] Australian Prime Minister Julia Gillard will lead the country’s first minority government in 67 years after two independent lawmakers yesterday threw their support behind her centre-left
      AP; AFP  -  724 words
    • 658 18 Economic growth not fast enough to meet work demand Bloomberg [WASHINGTON] The jobless rate in the United States is likely to approach 10 per cent in coming months as the economy fails to grow quickly enough to employ people rejoining the labour
      Bloomberg; AFP  -  658 words
    • 361 18 Reuters [SEOUL] Samsung Electronics, the world’s top memory chip maker, warned yesterday the computer memory chip market could be in oversupply from next quarter as a sputtering global economy may further weaken PC sales. “If the PC market continues to slow, we
      Reuters  -  361 words
    • 349 18 Reuters [BERLIN] German manufacturing orders unexpectedly fell in July at their steepest rate in more than a year, weighed down by weaker demand from abroad and a be-low-average volume of big orders. The data sent the euro to a session low against the US
      Reuters  -  349 words
    • 482 19 The changes are needed in response to a shrinking Reit market Bloomberg [TOKYO] Japan will consider relaxing tax requirements as part of changes to rules for real estate investment trusts after the market shrank by more than half in the past
      Bloomberg  -  482 words
    • 458 19 AP [WASHINGTON] Turns out politics, for all its focus on the gloomy economy, is a re-cession-proof industry. This year’s volatile election is bursting with money, setting fundraising and spending records in a high-stakes struggle for control of Congress amid looser but still fuzzy campaign
      AP; REUTERS  -  458 words
    • 534 19 Need for extra income ends era of ‘one job for life’ NYT [OSAKA] For decades, the standard career path in Japan was to graduate from college, join a company and to stay there until retirement one job for life. But with
      NYT  -  534 words
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  • Page 19 Advertisements
    • 206 19 WINE DINE AND HOSPITALITY > SAGRA DEL PORCINO 8 to 25 September 2010 To the Italians, the rich, meaty porcini mushroom is perhaps the king of mushrooms. Ristorante Bologna's well-loved Porcini Mushroom Risotto and Homemade Tagliolini Pasta with Sauteed Porcini Mushrooms are some of the all-time favourites. Another must-try is
      206 words

  • WORLD
    • 609 20 More than 160 firms seek to raise US$56b, but appetite for stocks remains weak NYT [NEW YORK] Wall Street’s IPO pipeline is jammed. As many as 161 companies are seeking to raise more than US$56 billion through initial public offerings, according to
      NYT  -  609 words
    • 357 20 AFP Bloomberg [ATHENS] Greece’s Socialist government retained its finance minister in a cabinet reshuffle announced early yesterday, but changed other key officials involved in the effort to reform the country’s troubled economy. Under the changes, George Papaconstantinou remains finance minister, but the ministers of
      AFP; Bloomberg  -  357 words
    • 91 20 [LONDON] Former American supermodel Jerry Hall plans to auction some of her art collection next month, including this famous oil canvas portrait of her painted by British artist Lucian Freud when the model was eight months pregnant. Sotheby’s, which released the photo of the portrait on Monday,
      AP  -  91 words
    • 323 20 Reuters AFP [VIENNA] Iran is pushing ahead with its nuclear programme in defiance of tougher sanctions and is hampering the United Nations watchdog’s work by barring some inspectors, the agency says in a new report. A confidential International Atomic Energy Agency (IAEA) report,
      Reuters; AFP  -  323 words
    • 477 20 AP [SAN FRANCISCO] Oracle Corp has hired former Hewlett-Packard Co chief executive Mark Hurd to help lead the database software maker in a pivotal moment in Oracle’s 33-year history as it tries to move in on more of HP’s turf. Oracle and HP are longtime
      AP  -  477 words
    • 232 20 Bloomberg [LONDON] Cockroach brains may be a source of new antibiotics capable of killing deadly drug-resistant bacteria, according to research that suggests that the germ-spreading pests may be good for something after all. Insects such as cockroaches have a defence mechanism against bacteria,
      Bloomberg  -  232 words
  • Page 20 Advertisements
    • 782 20 UIMSMgSmillHllUMIKll HOUSING DEVELOPMENT BOARD STATE LAND AVAILABLE FOR APPLICATION UNDER THE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are as follow: Application Details The application form is available from HDB Land Sales Website at www.hdb.gov.sg/hdblandsales. The completed application form must be submitted
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  • Transport HUB
    • 411 21 Big discounts in freight rates offer arbitrage opportunities for Asian importers Reuters [SINGAPORE] Freight rates for dirty tankers to Asia are expected to trade near this year’s lows with a lull in traffic due to weak seasonal demand, traders said yesterday. Rates for tankers
      Reuters; BLOOMBERG FILE PHOTO  -  411 words
    • 278 21 SGX '000 Sep 7 S$ +/-Vol CH Offshore 0.52 -0.01 1959 Chuan Hup Hldg 0.26 unch 40 Cosco Corp 1.65 -0.02 ***** CWT Ltd 0.97 0.02 3293 Ezra Hldgs 1.74 -0.02 2465 First Ship Lea 0.43 unch 189 Freight Links 0.06 unch 70 Grand Banks unch unch 0
      278 words
    • 271 21  -  By JOYCE HOOI BOAT Asia has signed on for another three-year stint at Marina at Keppel Bay, its organiser, TMX Show Productions, announced yesterday. Debuting at Keppel Bay in 2008, the show will continue to be held there from 2011 to
      271 words
    • 717 21  -  Marine insurers gloomy about rates as well as market prospects STRAIT TALK By DAVID HUGHES TWO press releases attracted my attention this week. One brought encouraging news, the other was gloomier. First, the good news. London’s Baltic Exchange has started reporting and
      717 words
    • 270 21 Reuters [SINGAPORE] Iran has been storing straight-run fuel oil on supertankers for at least three months, in an unprecedented move prompted by China’s poor feedstock demand and financing difficulties faced by buyers due to Western sanctions, industry sources said recently. At least
      Reuters  -  270 words
    • TRANSPORT HUB: AVIATION
      • 649 22 Its CEO sees strong case, hopes Qantas chief’s stance on merger will change Reuters Bloomberg [LONDON] British Airways (BA) would be keen on reopening merger talks with Qantas Airways if Australia’s top carrier was interested in reviving a deal that collapsed in
        Reuters; Bloomberg; BLOOMBERG  -  649 words
      • 384 22 AP [NEW YORK] A flight attendant who captured America’s attention when he told off a plane full of passengers and then slid down an emergency chute resigned from his job last week and was not fired, his lawyer said on Sunday. Steven Slater
        AP  -  384 words
      • 251 22 Markets are cooling after earlier rapid rebound, says Iata Reuters [GENEVA] Growth in demand for air freight, a leading indicator of the strength of world trade, is set to slow in the rest of 2010 and through 2011, the International Air Transport Association said
        Reuters  -  251 words
      • 285 22 AP [MONROVIA, Liberia] Delta Air Lines Inc has launched a new flight from the US to Liberia, becoming the first American carrier to serve the West African nation that is recovering from more than a decade of civil war. Delta said on Sunday that
        AP  -  285 words
      • 3034 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
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    • TRANSPORT HUB: LAND
      • 638 23  -  Its creations will be made outside Japan for the first time in Bangkok factory Reports by SAMUEL EE JAPANESE exoticar marque Mitsuoka will build its fanciful creations outside Japan for the first time when its Bangkok factory opens in November. Mitsuoka offers a line of
        638 words
      • 226 23 MAINBOARD-LISTED Jackspeed Corp is optimistic that Mitsuoka’s new assembly operation in Thailand will steadily boost demand for its leather upholstery. Jackspeed makes cus-tom-fitted automotive leather trims for car seats, along with leather wrapping for automotive interior products. Its wholly owned subsidiary Jackson Vehicle Thailand has
        226 words
      • 374 23 Bloomberg [MUMBAI] Maruti Suzuki India Ltd, the nation’s biggest carmaker, will boost production capacity 46 per cent on surging demand in Asia’s third-largest car market. Maruti will be able to make as many as 1.75 million vehicles annually after constructing new factories
        Bloomberg  -  374 words
      • 616 23 Bloomberg [BERLIN] Bayerische Motoren Werke, the world’s largest maker of luxury autos, will expand the BMW and Mini model ranges to boost annual sales 55 per cent over the next decade and fend off Volkswagen AG and Daimler AG. A new factory and expansion
        Bloomberg; BLOOMBERG  -  616 words
      • 605 23 Transit services hit by protests over austerity measures AP [PARIS] Strikes hobbled public transit across France and in London yesterday, with tourists and commuters bearing the brunt of a wave of discontent over government austerity measures. French unions challenged unpopular President Nicolas Sarkozy with
        AP  -  605 words
  • Page 21 Advertisements
    • 124 21 NYKTOGISTIC r v ■4 2030 We keep moving and the world keeps moving. Some day in the not-too-distant future, you may see a ship like this on the horizon. You won't be dreaming, but you will be seeing the realization of a dream —NYK's Super Eco Ship. Sunshine will supply
      124 words

  • Page 22 Miscellaneous
    • 321 22 CRYPTIC CROSSWORD Across 1 Biblical character to tease about epistle (6) 4 Reliant three-wheeler initially showing signs of corrosion (8) 9 Perfect time to enter club (4-2) 10 Secretly record song about liberal country (8) 11 Despatched criminal leader in need to reform (9) 13 State of silent exasperation (5)
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  • Page 23 Advertisements
    • 32 23 Some Indian chefs are changing the way diners perceive Indian cuisine... and earning Michelin stars too TIME FOR A TITAN EXPANSION GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • EDITORIAL & OPINION
    • 477 24 EDITORIAL INVESTORS are often told that the best investment strategy is to buy and hold because over the long term returns from stocks will always exceed those from bonds. Of course, timing plays a crucial role but this piece of received wisdom has taken hold
      477 words
    • 768 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THIRTY years ago, China’s paramount leader, Deng Xiaoping, designated Shenzhen, a sleepy fishing village next to Hong Kong, as the country’s first special economic zone. Today, it
      768 words
    • 1086 24  -  Two competing versions of the final 3 days’ events were revisited in last week’s inquiry By ANDREW ROSS SORKIN NYT WHAT really happened? Next Tuesday will be the second anniversary of Lehman Brothers’ bankruptcy and the ensuing panic that helped spawn the deepest recession
      NYT; BLOOMBERG  -  1,086 words
    • 1026 25  -  The US$50b stimulus package proposed by Obama won’t raise the rate of employment before the November elections LEON HADAR Washington Correspondent USPRESIDENTBarack Obama and the members of Congress are returning to Washington this week after the long summer vacation which officially ended on this
      AFP  -  1,026 words
    • 768 25  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book on the Greek debt crisis. The opinions expressed are his own THERE is something surprising about a private banker warning his colleagues about the rich. It would
      768 words
    • 533 25  -  LETTERS TO THE EDITOR Christopher Chong Partner ACH Investments Pte Ltd Corporate and Financial Advisors I READ with some disquiet Mak Yuen Teen’s article, “Give the time or give up the post” (BT, Sept 6). In his article, he noted that “for example, at Xpress
      533 words
    • 271 25  -  Tay Poh Choo (Ms) Vice-president Corporate Communications/Service Excellence Singapore Post Ltd WE thank Narayana Narayana for his feedback, “When is mail delivered nowadays?” (BT, Aug 31). Mr Narayana made some interesting observations on the frequency of mail delivery in the past when letter mail was
      271 words


  • SINGAPORE STOCKS
    • 8997 26 Transaction date: Sep 7 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 21 13 3148 8Telecom 19 -1.5 4311 20.5 19 19 19.5 1.7 9.5 6.1 91 12 5 5834
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    • 1922 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 4.5 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 160 -34 60 178 160 155
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    • 9348 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.2/ APS Alpha Fund (USD)!** 0.89/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9672/0.9672 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,348 words
    • 814 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 $mil 124 107 6389 ABF SG Bond ETF 116 113.5 118 529.5 950 744 CIMBAsean40 100US$ US950 +5 1 950 947 945 947 38 308
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    • 78 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 $mil 56 36.5 6000 AVJennings A46cd +2 12 46 46 45.5 47.5 3.6 7.6 3.7 119.8 46.5 16 6017 Genting HK US$ US42 -2 *****7
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  • Page 26 Advertisements
    • 66 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 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) 6278
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  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Sep 6 Index Change Change Change Change Change Change World Index Preliminary 815.2 0.3 -2.1 0.5 -6.8 0.4 -2.8 EAFE Preliminary 756.2 0.7 -3.6 0.9 -9.3 0.8 -5.3 Europe Preliminary 1107.3 0.3
      374 words
    • 180 28 Sep 7 Sep 7 $S Offer Bid Overnight 0.04 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.33 0.23 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.85
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    • 22 28 Sep 7 S$ Bid Offer 1-month 1.3479 1.3483 2-months 1.3479 1.3483 3-months 1.3479 1.3483 6-months 1.3477 1.3482 Source: OCBC
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    • 134 28 Sep 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 355.0 351.0 355.0 16 Nov 10 350.0 Dec 10 350.0 Jan 11 350.0 Feb 11 350.0 Mar 11 352.0 352.0 351.0 12 Apr 11 351.0 May 11
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    • 88 28 Sep 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 09.12.2010 0.29 0.25 0.25 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 104.25 104.27 104.27 5-Year N*****0N 1.375 01.10.2014 102.73
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    • 105 28 Sep 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1029.75 1007.50 1031.25 1008.00 Nov 10 1035.00 1009.00 1041.25 1009.00 Jan 11 1043.75 1018.50 1049.75 1018.50 Mar 11 1049.00 1025.00 1054.25 1025.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 40.32 39.66 40.40
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    • 77 28 CRUDE OIL PRODUCTS Sep 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.91 1.49 WTI (Near Mth) 74.10 -0.34 Dubai (1-Mth F) 75.22 0.56 Tapis blend 82.20 0.60 Minas 77.10 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.77 0.08 Jet Kerosene 87.20 unch US$/barrel Opec Oil
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    • 2111 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 -0.5 1542 1 3 -9 2.75 3 6221 Asia-Pac Strategic W*****6 28.5 -10 10 1 150 12 5.61 44 6227 ASJ W*****1 3.5 1
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    • 132 28 Sep 7 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2200 1.2570 Can dollar 1.2910 1.3060 Euro 1.7150 1.7350 NZ dollar 0.9630 0.9850 Sterling pound 2.0570 2.0810 US dollar 1.3400 1.3540 Local dollars to 100 units of foreign
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    • 27 28 Sep 7 Open High Sett STI Sep 3032 SIMSCI Sep 358.1 358.5 357.8 Taiwan Sep 277.7 278.7 277.3 Source: MF Global (S) Pte. Ltd
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    • 66 28 Sep 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2740 2748 2751 2740 441 1318 Oct 10 2663 2681 2685 2655 2086 9331 Nov 10 2614 2628 2636 2608 ***** ***** Dec 10 2601 2608
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    • 436 28 Sep 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.7000 0 1012 Dec10 99.5950 0 5384 Mar11 99.5300 0 2763 Jun11 99.4300 0 2369 EUROYEN TIBOR FUTURES Sep10 99.6450 99.6450 99.6450 99.6450 346 3568 Dec10 99.6600 99.6750 99.6600 99.6800 1 1879 Mar11 99.6800 99.6800 99.6800
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    • 464 28 Sep 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 6.191 0.713 7.082 42.615 82.208 0.765 10.738 2.848 1.266 78.447 40.559 1.229 6.631 0.921 29.148 28.448 0.592 0.912 Canada 1.054 6.526
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    • 85 28 Sep 7 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 28 Sep 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2285 1.2295 0.9114 0.9119 Canadian dollar 1.2948 1.2958 0.9606 0.9611 Euro 1.7234 1.7249 1.2786 1.2793 NZ dollar 0.9699 0.9710 0.7196 0.7202 Sterling pound 2.0754 2.0765 1.5397 1.5401
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    • 138 28 Sep 7 GOLD (US$/oz) Sep 06 Sep 07 Hong Kong 1248.80 unch Sep 03 Sep 06 London 1246.50 1249.45 1247.50 1250.45 Source: Thomson Reuters CAST BAR Sep 07 (S$) Selling Buying Kilobar 57,981.16 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 54 5gm 369 270 10gm 659
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    • 71 28 Sep 6 Sep 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2165.00 2121.00 3 months 2193.00 2147.00 Copper, Grade A (US$/tonne) Cash 7693.50 7633.25 3 months 7709.00 7646.00 Lead (US$/tonne) Cash 2168.25 2141.00 3 months 2196.00 2168.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 28 Sep 6 COCOA (£/tonne) Close Prev High/Low Sep 10 1963 1953 1970/1941 Dec 10 1965 1952 1967/1946 Mar 11 1978 1966 1980/1960 May 11 1987 1980 1992/1974 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1592 1604 1600/1590 Nov 10 1617 1639 1648/1616 Jan 11 1632 1655 1663/1632 Mar 11
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    • 5720 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.
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  • Page 30 Advertisements
    • 34 30 I FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      34 words

  • Page 31 Advertisements
    • 1295 31 MAT3 Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES TTD TEE INTERNATIONAL LIMITED (Incorporated in Singapore with limited liability) (Company Registration No.: *****7107D) NOTICE OF TENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of TEE International Limited ("the Company") will be held at York Hotel Singapore,
      1,295 words
    • 400 31 BEATS Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES RegistrationNo.*****2527Z NOTICEOFANNUALGENERALMEETING NOTICEISHEREBYGIVEN thatthe welfthAnnualGeneralMeeting LIANBENGGROUP TD(the~~~ ~Company willbeheld No.25, PlayfairRoad,Level LianBengBuilding,Singapore*****0onFriday24September2010 10.00a.m.forthefollowingpurposes:ASORDINAR BUSINESS:11 TToo receiveandadopttheDirectors ReportandtheAuditedAccountsforthef if financialyearended31May2010togetherwiththeAuditors Reportthereon. (Resolution 22 TToo declare f if firstandf if final(taxexemptone-tier)dividend 0.40centsperordinaryshareforthef if financialyearended31May2010. (Resolution 33 TToo declare special(taxexemptone-tier)dividend 0.40centsperordinaryshareforthef if financialyearended31May2010. (Resolution 44
      400 words
  • executive Money
    • 803 31  -  The long-term US Treasury bond may face an unusually high level of interest rate risk going forward because of its long duration MONEY MATTERS MARTIN BEAULIEU Martin E Beaulieu is vice-chairman and head of global distribution at MFS Investment Management. His opinions do
      AFP  -  803 words
    • 1052 32  -  Family offices have thrived among the wealthy in Hong Kong for a number of years, but they appear to be relatively uncommon here GENEVIEVE CUA Personal Finance Editor IF YOUR family has at least US$10-20 million in assets, you could well benefit from the
      1,052 words

  • Page 32 Advertisements
    • 267 32 Enjoy Multi-Currency Share Bnancing with an interest from just2.88% p.a. Control your FX exposure and save even more with low promotional rates from OCBC Securities Multi-Currency Share Financing. Pay as low as only $24 a month for a loan amount of $10,000 1 Interest Rates Schedule 1 2010 September October
      267 words
    • 174 32 CENTER FOR AMERICAN EDUCATION Attention all 'O' level Students! With 4*0* level passes, you can begin a U.S. Degree program right now! Register now without obligation for January 201 I term. Advanced Diploma in partnership with BROWARD VSiCOLLEGE Credits transferable to top U.S. universities Eligibility: 'O' level and 'A' level
      174 words