The Business Times, 10 September 2010

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Total Pages: 42
1 16 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES www.businesstimes.com.sg FRIDAY, SEPTEMBER 10, 2010 S$1.00 CO REGN NO *****2868E MICA(P) 138/08/2010 S|2l A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon S’pore holds firm as US loses competitive edge
    738 1  -  Republic trumps US in competitiveness stakes; still has room to raise its innovation score By Grace Leong gleong@sph.com.sg Singapore SINGAPORE remains the world’s third most competitive economy, leapfrogging the United States, which has slipped to fourth place from second due to large
    738 words
  • Article, Illustration
    Lock icon Another public golf course faces an uncertain future
    635 1  -  By Ven Sreenivasan ven@sph.com.sg Singapore A CLOUD hangs over the future of Green Fairways, that green lung in Bukit Timah and favourite haunt for golfers. Or at least that is how it seems to the hundreds of “weekend warriors”, wanna-be golfers and
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      149 1 www.businesstimes.com.sg ART In memory of a titan L8-9 mega demand S’poreans see fibre-optic ‘light’ OPENNET says that it has been flooded with customer inquiries following the telcos’ launch of fibre-optic broadband packages last week. 2 stock watch GIC launches logistics unit IPO IT aims to raise up to US$3 billion
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      14 1 PERSPECTIVE Alienating life on Planet Blair 32 NIGHTSPOTS Some unique concepts around town L12-13
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  • TOP STORIES
    • Article, Illustration
      Lock icon More S’poreans see the fibre-optic ‘light’
      504 2  -  Flood of customer inquiries follows telcos’ launch of fibre-optic broadband packages By Winston Chai winstonc@sph.com.sg Singapore THE lukewarm response towards fibre-optic connectivity among local households may soon turn red hot as more Singaporeans are now asking how they can get onto the new broadband
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    • Article
      Lock icon MARKETS
      137 2 STI 3,022.28 (+10.86) STI FUTURES 3,023 (+11) SIMSCI 357.21 (+0.86) SIMSCI FUTURES 357.80 (+0.80) STOCKS Thursday Change KL COMP 1,437.78 +3.64 NIKKEI 225 9,098.39 +73.79 HANG SENG 21,167.27 +78.41 SET 921.49 -2.39 JAKARTA 3,230.89 +13.74 MANILA 3,902.56 +97.83 KOSPI 1,784.36 +5.14 SHENZHEN B 705.72 -8.05 MUMBAI IND 18,799.66 +132.95
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    • Article
      Lock icon GIC seen tapping up to US$3b from logistics IPO
      436 4 Global Logistic Properties’ offering may be biggest in S’pore Reuters Singapore SINGAPORE sovereign fund GIC kicked off the initial public offering of its logistics unit yesterday, aiming to raise up to US$3 billion in what could be the city-state’s biggest IPO.
      Reuters  -  436 words
    • Article
      Lock icon Correction
      49 4 IN yesterday’s report on digital advertising in Singapore, the headline says the Media Development Authority and the Interactive Digital Media Program Office will invest $3 million over the next three years to help grow digital advertising. The amount should be $30 million. We are sorry for the error.
      49 words
    • Article
      Lock icon HDB sellers bring down cash premium tags
      443 4  -  By Emilyn Yap emilyny@sph.com.sg Singapore SOME resale flat sellers asking for sky high cash premiums have been brought back down to earth by the recent property cooling measures. Agents have seen a handful of owners lowering their cash-over-valuation (COV) quotes, especially if they
      443 words
    • Article, Illustration
      Lock icon Fed report points to slowing US economy
      739 6 But modest growth seen from mid-July to the end of August NYT New York THEUS economyshowed “widespreadsigns”ofslowing,the Federal Reserve said on Wednesday, although modest growth continued from mid-July through the end of August. The latest regional survey by the 12 district Federal banks,
      NYT; AFP  -  739 words
    • Article
      Lock icon Trade deficit narrows to US$42.8b in July
      571 6 latest us data AP Reuters Bloomberg Washington THE US trade deficit narrowed significantly in July which should give a boost to overall economic growth while a drop in jobless claims will ease concerns that employers will accelerate firings as the world’s largest economy
      AP; Reuters; Bloomberg  -  571 words
    • Article, Illustration
      Lock icon China’s giants start reinventing themselves
      655 7  -  PM Lee finds that initiatives at Hunan Broadcasting System, if repeated at other companies, could transform Hunan By Lee U-Wen leeuwen@sph.com.sg Changsha, China ALTHOUGH based in the somewhat less glamorous city of Changsha in central China, Hunan Broadcasting System (HBS) has more than held its
      HO PENG YEW/LIANHE ZAOBAO  -  655 words
    • Article
      Lock icon F1 races hit 20 next year with India making debut in Oct
      351 7 Reuters Paris FORMULA One will stretch to a record 20 races next year with India making its grand prix debut in late October although no new teams will be coming in, the sport’s governing body said on Wednesday.
      Reuters  -  351 words
    • Article
      Lock icon SGX hosts motorsport business meet
      361 7  -  By Nisha Ramchandani nishar@sph.com.sg Singapore WITH motorsports gaining increasing traction in Asia, the Singapore Exchange (SGX) is hosting The Business of Motorsports in Asia summit to highlight business opportunities in the region’s emerging motorsports industry. Formula One (F1) head honcho Bernie Ecclestone as well as
      361 words
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      46 2 CONTENTS EXECUTIVE LIFESTYLE Movie Industry L2-3 Cinema L4-5 Crosswords L4 Arts L6-7 Art/Books L8-10 Music/Gaming L11 Nightspots L12-13 NEWS Top Stories 2-7 Companies 8-10 Singapore 11-12 World 13-18 Aviation 19 Shipping 20, 25 Shipping Schedules 21-25 Stocks Stats 26-30 DoverPark Walk L14-15 Books L16 Perspective 31-32
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      287 3 M. i ifiiJ! w I J FREEHOLD m IS*** 1 Wm imt J m Is kg *f2 LI S *s III! AdMlnEn ■SSBiii" liJt »§S?> iW ill I«"""S5:M! i nr #j ■?P '"S:-! 8 8 WS3 Sill haSS® i'i rr-; |p^r|"^g0j|| rt rrrrr |BH3H n r rrrxr i xnr nnrrM
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      107 5 JOY PAVES THE ROAD TO SUCCESS. It's a simple philosophy really. When you follow something you have a passion for, you give it your all, and inevitably, success is a natural outcome. Over the years it's this joy we put into creating cars that has been admired and appreciated, by
      107 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC kids’ savings accounts grow fast
      482 8  -  It now has over 100,000 child-related accounts under its Mighty Savers scheme aimed at young savers below 15 By Conrad Tan conradt@sph.com.sg Singapore OCBC Bank’s efforts to attract deposits from children or parents saving for their future appear to be paying off. The bank
      OCBC  -  482 words
    • Article
      Lock icon SingTel Optus’ 10-year euro bonds heavily oversubscribed
      489 8  -  By Conrad Tan conradt@sph.com.sg Singapore SINGTEL’SOptusunitinAustralia has sold 700 million euros (S$ 1.2 billion) worth of 10-year bonds in an issue that was heavily oversubscribed. The Australian-listed telecom firm had initially announced a sale of some 500 million euros worthofbonds–itsfirsteuro-de-nominated bond issue but
      489 words
    • Article, Illustration
      Lock icon S’pore’s property cooling steps will benefit banks: Moody’s
      381 9  -  It cites reduced exposure to highly leveraged clients and future price shocks By Emilyn Yap emilyny@sph.com.sg Singapore RECENT measures to cool the property market could bring short-term pain but longer-term gain to banks in Singapore, according to Moody’s Investors Service. The ratings
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    • Article
      Lock icon Bid for NZ Farming: Olam not extending closing date
      372 9  -  By Jamie Lee leejamie@sph.com.sg Singapore OLAM International will not extend the closing date of its takeover offer for NZ Farming Systems Uruguay (NZFSU), the commodities group said yesterday. Olam which had raised its offer for NZFSU to NZ$0.70 per share from
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    • Article
      Lock icon TSH wins US$8.7m Taiwan ammunition disposal deal
      215 9  -  By Felda Chay feldac@sph.com.sg Singapore TSH Corporation has won a US$8.7 million contract to dispose of expired ammunition from the Ministry of National Defence of Taiwan. A provider of services such as ordnance and explosive disposal, TSH clinched the deal through its fully
      215 words
    • Article, Illustration
      Lock icon Late ‘buy’ order lifts Singapore market
      889 10  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent EUROPEopenedweakbutmovedin-to the black during the final half-hour of trading in the local market yesterday, giving the impression that Wall Street might rise during its Thursday session. And the result was a program “buy” order that included pushing up
      889 words
    • Article
      Lock icon Super Group TDRs hit limit in bullish debut
      260 10 NOT to be outdone by Yangzijiang Shipbuilding’s Taiwan Depository Receipts, Super Group’s TDRs proved to be an instant hit yesterday when they made their trading debut. Almost immediately after trading kicked off, the TDRs surged 7 per cent in price to NT$
      260 words
    • Article
      Lock icon Far East, Orchard Parade buy Bassein Road residential plots
      434 10  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore FAR East Organization and its listed unit Orchard Parade Holdings have clinched their second residential development site this week. The duo will buy Pastoral View (through a collective sale) and the next door plot being sold
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      71 9 MATS NOTICES I, Paul Richard Barnett, divorce, of 78 Bayshore Rd, Costa Del Sol, Singapore intend to marry, Lena Mardianis single of No 15 Block L Tiban Ayu, Batam, Indonesia, at Kementerian Agama, Kantor Urusan Agama, Kec. Sekupang Kota Batam, Indonesia on 6th November 2010. Any person knowing of any
      71 words
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      247 9 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AL KHALEEJ INVESTMENTS (S) PTE LTD (IN MEMBERS’VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3146E NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the
      247 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Liver transplant clinic expands to Vietnam
      594 11  -  The clinic there offers screening, consultation services; surgery or transplantation operations will still be carried out at the Singapore clinic By Nisha Ramchandani nishar@sph.com.sg THE Singapore-based Asian Centre for Liver Diseases and Transplantation (ACLDT), which is listed on the Australian Stock Exchange (ASX), is
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    • Article
      Lock icon Two Citi private bankers join UBS
      420 11  -  By Conrad Tan conradt@sph.com.sg UBS has hired two senior private bankers from Citigroup for its Singapore team serving very rich clients, adding to a string of recent senior appointments at private banks in Asia. Jeremy Tan, the more senior of the two, joined the
      420 words
    • Article
      Lock icon BEX is back – and bigger in size
      336 11  - BEX is back and bigger in size Green building products show to draw more exhibitors By Joyce Hooi joyceh@sph.com.sg RIDING on the burgeoning demand for green and sustainable buildings in the region, Build Eco Xpo (BEX) Asia’s will be taking up more space and drawing more people in this year.
      336 words
    • Article, Illustration
      Lock icon Singapore a springboard for Russian firms
      635 12  -  Growing steadily in importance, Russia is now Singapore’s 22nd largest trade partner By Lynn Kan lynnkan@sph.com.sg SINGAPORE is increasingly becoming a springboard for Russian companies that want to expand into Asia, says former ambassador to Russia Michael Tay. “Russian companies are starting to realise
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    • Article
      Lock icon Rabobank expects agricultural product prices to keep rising
      319 12 AGRICULTURAL prices are likely to continue going up, given the rising demand for food and lower yields due to problems such as weather disruptions. Rabobank’s head of food and agribusiness research and advisory in Asia, John Baker, said at the bank’s sharing
      319 words
    • Article
      Lock icon Double-dip recession fears overstated: Rabobank
      298 12 Effects of stimulus waning, but US still recovering THE recovery in major world economies like the US may not be impressive but dou-ble-dip fears are overstated, said Rabobank’s global head of financial markets research Jan Lambregts. Temporary factors such as fiscal and stimulus injections may
      298 words
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  • WORLD
    • Article, Illustration
      Lock icon US can’t extend tax cuts for the wealthiest
      568 13 Obama blames Republicans for pushing flawed policies that led to the recession Bloomberg Washington PRESIDENT Barack Obama said the country can’t afford to extend tax cuts for the wealthiest Americans and accused Republicans of pushing the “flawed policies” that led to the
      Bloomberg; AFP  -  568 words
    • Article
      Lock icon Australian full-time jobs jump
      426 13 A$ hits 4-month peak against US$; risk of more rate hikes rises Reuters Sydney AUSTRALIAN employment surged in August as full-time jobs were created at the fastest pace in two years, adding to the risk of renewed hikes in interest rates and lifting the local dollar
      Reuters  -  426 words
    • Article
      Lock icon Goldman Sachs fined £17.5m by UK watchdog
      344 13 AFP London A BRITISH watchdog hit the iconic but controversial Wall Street bank Goldman Sachs with a fine of £17.5 million (S$36.3 million) yesterday, for information failures tied to US fraud charges. The Financial Services Authority (FSA) said the fine was for “weaknesses
      AFP  -  344 words
    • Article, Illustration
      Lock icon More property curbs in China expected
      416 14 Chinese government determined to see prices decline: Jones Lang LaSalle CEO Bloomberg Shanghai CHINA’s government will issue more measures to curb property speculation because of policy makers’ determination to reduce housing prices, according to Jones Lang LaSalle Inc chief executive officer Colin Dyer. “Prices
      Bloomberg; REUTERS  -  416 words
    • Article
      Lock icon China retail car sales up 60% in August
      503 14 Big jump suggests drawdown in dealers’ showroom stock Reuters Beijing CARMAKERS in China shipped 18.7 per cent more passenger cars to dealers in August from a year ago, official data showed, chalking up a nearly 60 per cent annual jump in retail
      Reuters  -  503 words
    • Article, Illustration
      Lock icon Rice prices getting to be a worry
      544 15 Global supplies hurt by crop losses in Thailand, Vietnam and Pakistan, the world’s biggest exporters Bloomberg Singapore RICE prices are becoming “worrisome” as global supplies tighten because of crop losses in some of the largest exporters, according to an official in the Philippines,
      Bloomberg; REUTERS  -  544 words
    • Article
      Lock icon China may restructure sovereign wealth fund to sharpen focus
      436 15 Reuters Beijing BEIJING is considering restructuring China Investment Corp (CIC), its US$300 billion sovereign wealth fund, in a bid to boost accountability, two sources with knowledge of the plan said. The proposed re-organisation, which is bound up with manoeuvring among China’s
      Reuters  -  436 words
    • Article, Illustration
      Lock icon BP spreads blame to rig owner, contractor
      654 16 Release of BP report sets off battle with industry giants Transocean, Halliburton with billions in legal liabilities, fines at stake AFP Chicago BP SOUGHT to spread the blame for the Gulf of Mexico oil disaster on Wednesday, setting off a battle of oil
      AFP; AP  -  654 words
    • Article
      Lock icon Police bullets may have hit HK tourist hostages: Manila official
      372 16 Bloomberg Manila GUNFIRE from police may have killed some Hong Kong tourists in a Manila bus hijack last month, lead investigator Philippine Justice Secretary Leila de Lima said yesterday. A former Philippine police inspector seized the tour bus on Aug
      Bloomberg  -  372 words
    • Article
      Lock icon Indonesian tax official charged with bribing policemen, judge
      429 17 Prosecutors say junior official’s revision of a small company’s tax bill resulted in losses to the state of about 571 million rupiah Reuters Jakarta INDONESIA’S state prosecutors on Wednesday charged a tax official with bribing police officers and a judge in a
      Reuters  -  429 words
    • Article
      Lock icon Zinc is big loser on talk of China crackdown on funds
      358 17 Reuters Bloomberg Singapore BASE metals fell sharply yesterday, with markets down more than 2 per cent on average on talk of a Chinese probe on funds, making zinc the big loser after open interest dropped almost 10 per cent,
      Reuters; Bloomberg  -  358 words
    • Article
      Lock icon Petronas Chemicals set for a US$2b listing
      391 17  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur THE Petronas Chemicals Group will be among the region’s largest petrochemicals producers and could be valued at over US$2 billion when it is listed on the Kuala Lumpur stock exchange later this year. The listing was mooted
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    • Article, Illustration
      Lock icon Jakarta no longer ideal for govt, commerce: Yudhoyono
      233 17 Xinhua Jakarta INDONESIAN President Susilo Bambang Yudhoyono said that Jakarta, which is haunted by severe congestion for years, is no longer ideal for the centre of commerce, government and the nation’s capital, the Jakarta Post reported yesterday. “Honestly.. (Jakarta) is no longer
      Xinhua  -  233 words
    • Article
      Lock icon China’s record buying of Japanese bonds upsets Tokyo
      746 18 It plans to seek talks with Beijing as firms are hit by a rising yen Bloomberg Tokyo JAPAN’S government said it will seek discussions with China over the nation’s record purchases of Japanese bonds as an appreciating yen threatens to undermine an
      Bloomberg  -  746 words
    • Article, Illustration
      Lock icon NAB’s takeover bid for Axa Asia blocked again
      733 18 Competition concerns remain even after sale of portal, says regulator Bloomberg Sydney NATIONAL Australia Bank’s planned A$13.3 billion (S$16.4 billion) takeover of asset manager Axa Asia Pacific Holdings was blocked a second time by the regulator, clearing the way for AMP Ltd
      Bloomberg; REUTERS  -  733 words
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      173 15 Howto run a business without running out of ideas. SME X Hcshc founder Chia Shi Tcck's comeback On Chcong polishes TRY, TRY AGAIN ENTREPRENEURS WHO ROSE FROM SETBACKS □ream Uctoiy 1 (J SPRING I July/August issue out now! Did you know that for every successful business, there are approximately 99
      173 words
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  • AVIATION
    • Article, Illustration
      Lock icon Aviation industry eyes slice of US infrastructure aid
      555 19 Move follows Obama’s proposal for US$50b spending on transportation infrastructure Reuters Washington THE US aviation and aerospace industries are considering asking Congress for a slice of the US$50 billion in infrastructure assistance proposed by President Barack Obama, a top trade group official
      Reuters; REUTERS  -  555 words
    • Article
      Lock icon Airbus, Boeing may differ on engine decisions
      370 19 Reuters Washington ENGINE-MAKER Pratt Whitney said that EADS unit Airbus and its rival Boeing Co could make different decisions on whether to redesign their sin-gle-aisle A320 and 737 planes or use the same design and equip them with new engines. Airbus has indicated
      Reuters  -  370 words
    • Article
      Lock icon Chinese pilots with faked resumes allowed to resume flying after retraining
      275 19 Reuters Beijing CHINESE pilots who had lied about their flying experience have been allowed to return to work after they took remedial action to make up their hours, according to the country’s aviation watchdog. Chinese media reported this month
      Reuters  -  275 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon ANA, First Eastern to set up budget carrier
      529 20 Their respective stakes are 39% and 33.3%; new carrier to start in H2 2011 Bloomberg Tokyo ALL Nippon Airways Co (ANA), Asia’s largest carrier, will team up with Hong Kong-based Victor Chu’s First Eastern Investment Group to set up a discount carrier
      Bloomberg; AFP  -  529 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 20 SGX '000 Sep 9 S$ +/-Vol CH Offshore 0.52 -0.01 1005 Chuan Hup Hldg 0.26 unch 175 Cosco Corp 1.64 0.02 4352 CWT Ltd 0.99 -0.01 1254 Ezra Hldgs 1.74 0.01 3477 First Ship Lea 0.42 unch 174 Freight Links 0.06 0.01 587 Grand Banks unch unch 0
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    • Article
      Lock icon Market looking good, says engine maker Wartsila
      241 20 But big orders held back due to uncertainty: CEO Reuters Helsinki SHIP and power plant engine maker Wartsila said on Wednesday a market pick-up still showed strength, but uncertainty was holding back decisions on large investment projects. “Activity in shipyards has continued and
      Reuters  -  241 words
    • Article
      Lock icon Bulk ship rates seen rallying on key routes
      282 20 Reuters Singapore FREIGHT rates for large dry bulk carriers on key Asian routes are expected to rally next week, analysts and shipbrokers said yesterday, as Chinese steel producers book iron ore vessels for fourth-quarter production. In the panamax market, quarterly contract requirements
      Reuters  -  282 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5665 21 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.
      5,665 words
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      23 20 3* tk Lianhe Zaobao China may expand property tax mm stubbornly high home prices? +iu§flNi*T To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      23 words
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      30 23 Legal services required by shippers owners ki Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      30 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Oil contango doubles as bet is on 2011 recovery
      748 25 The price advantage to buy and hold crude oil hits US$5.76 a barrel at end-August Bloomberg New York OIL traders are showing increasing confidence that the United States economic growth will rebound next year as they take advantage of the widening
      Bloomberg; BLOOMBERG  -  748 words
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  • SGX
    • Article
      Lock icon Untitled
      9091 26 Transaction date: Sep 9 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13 3148 8Telecom 19 unch 200 19 19 18.5 19 1.7 9.5 6.1 91 12 5 5834 A-Sonic 6 +0.5
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    • Article
      Lock icon SGX CATALIST
      1811 29 52-wks Tel Last Vol Day Last Quote Div GrYld 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 175 155 175 103.8 4 0.5 1501
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 4 0 0 0 9 3 4 Manufacturing 75 34 71 7 3 12 82 37 83 Commerce 23 15 29 4 3 4 27 18 33 Tpt/Stor/Comms 16 15 12
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      829 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) AIMS Amp Cap Ind Reit 9-Sep-10 Norman Ip Ka Cheung Buy 500 na 0 0.00 500 0.03
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 29 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 15,678 15,678 53,149 53,149 Manufacturing 580,957 9,111 590,068 274,504 873 275,377 Commerce 89,888 63,729 153,617 95,669 10,895 106,563 Tpt/Stor/Comms 65,211 1,346 66,557 145,859 189 146,047 Finance 11,462 106 11,568 108,820 14 108,835 Construction 17,832 12,304
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 30 Sep 9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2220 1.2590 Can dollar 1.2880 1.3030 Euro 1.6990 1.7190 NZ dollar 0.9600 0.9820 Sterling pound 2.0640 2.0880 US dollar 1.3350 1.3500 Local dollars to 100 units of foreign currency: Currencies Bid
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    • Article
      Lock icon STOCK MARKETS
      2 30
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    • Article, Illustration
      Lock icon Untitled
      92 30 YTD change: +4.30% 52-week high: 3,043.28 on Aug 3,2010 52-week low: 2,576.84 on Oct 5,2009 Source: Bloomberg YTD change:-18.94% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: -3.22% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg
      Source: Bloomberg  -  92 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 30 In local curr In S$ In US$ dy yr dy yr dy yr Sep 8 Index Change Change Change Change Change Change World Index Preliminary 811.0 0.3 -2.6 0.1 -7.6 0.5 -3.3 EAFE Preliminary 751.0 -0.1 -4.3 -0.2 -10.2 0.2 -6.0 Europe Preliminary 1105.5 0.6
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Sep 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2405 1.2418 0.9243 0.9246 Canadian dollar 1.2955 1.2973 0.9653 0.9659 Euro 1.7029 1.7044 1.2688 1.2690 NZ dollar 0.9733 0.9743 0.7252 0.7254 Sterling pound 2.0680 2.0703 1.5409 1.5414
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    • Article
      Lock icon LIFFE
      81 30 Sep 8 COCOA (£/tonne) Close Prev High/Low Sep 10 1890 1925 1922/1864 Dec 10 1907 1943 1940/1878 Mar 11 1926 1960 1956/1900 May 11 1939 1972 1961/1912 COFFEE (US$/tonne) Close Prev High/Low Sep 10 1610 1595 Nov 10 1635 1620 1700/1631 Jan 11 1656 1639 1722/1654 Mar 11 1676
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    • Article
      Lock icon PALM OIL
      64 30 Sep 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2770 2782 2782 2770 43 740 Oct 10 2696 2700 2709 2677 795 8657 Nov 10 2640 2644 2655 2625 4085 ***** Dec 10 2625 2623
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    • Article
      Lock icon CHICAGO BOT
      93 30 Sep 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 10 1041.*****3.*****9.*****0.25 Nov 10 1048.*****2.*****7.*****5.00 Jan 11 1058.*****1.*****6.*****4.25 Mar 11 1064.*****6.*****1.*****1.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 10 41.16 41.26 41.32 40.87 Oct 10 41.28 41.39 41.47 41.01 Dec 10 41.68 41.79 41.88
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    • Article
      Lock icon OIL
      75 30 Sep 8 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 78.13 1.71 WTI (Near Mth) 74.61 0.85 Dubai (1-Mth F) 75.13 0.84 Tapis blend 83.10 1.20 Minas 77.00 0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.44 0.69 Jet Kerosene 87.28 0.88 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      71 30 Sep 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2130.75 2136.50 3 months 2160.00 2165.00 Copper, Grade A (US$/tonne) Cash 7659.75 7614.00 3 months 7675.00 7629.00 Lead (US$/tonne) Cash 2205.50 2154.75 3 months 2235.00 2164.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      69 30 Sep 9 GOLD (US$/oz) Sep 08 Sep 09 Hong Kong 1258.*****5.60 Sep 07 Sep 08 London 1256.*****8.25 1256.*****8.50 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.72 26.50 Source: UOB PLATINUM /Lon (US$/oz) Sep 08 Close Previous PM Fix 1555.*****6.00 AM Fix 1554.*****2.00 Source: Thomson Reuters Source: Thomson
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Why US school reform isn’t working
      847 31  -  While teachers say student apathy is a big drawback, little is being done to raise falling student motivation Robert Samuelson The Washington Post Writers Group AS 56 million American children return to the nation’s 133,000 elementary and secondary schools, the promise of “reform” is
      The Washington Post Writers Group; AFP  -  847 words
    • Article, Illustration
      Lock icon The alienating life on Planet Blair
      758 32  -  By Neil Collins fcS REUTERS BREAKINGVIEWS THE subtitle on Tony Blair’s memoirs might read: Everything which you read, and we denied, was true. The schism at the heart of the last Labour government, the plotting and paranoia, and the stand-up, drag-down rows were all,
      fcS REUTERS BREAKINGVIEWS; PHOTOS: AFP AND BLOOMBERG  -  758 words
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      87 1 Executive LifestyleTHEBUSINESSTIMES|SEPTEMBER10,2010BTTHE BUSINESS TIMES SEPT EMBER 10, 2010 LIGHTS, CAMERA, SINGAPORE! The local film industry is seeing a boom and heading in the right direction with increased support from the government and audiences filling the halls. Our cover story has the details. L2-3 CINEMA Same old tricks, new gimmicks L4
      87 words
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  • BT Executive Lifestyle
    • COVER STORY
      • Article, Illustration
        Lock icon Produced and directed by us
        1790 2 / 3  -  With more local movies being released this year, the Singapore film industry is finally going places and seeing the light at the end of the tunnel. By Dylan Tan By Dylan Tan dylantan@sph.com.sg AFTER a lacklustre year for local movies in 2009, where only six
        1,790 words
    • CINEMA
      • Article, Illustration
        Lock icon Same old tricks, new gimmicks
        795 4 / 5  -  Zombie-bashing video-game crossover movie Resident Evil gets a makeover with 3-D technology and a new character. By Dylan Tan By Dylan Tan dylantan@sph.com.sg IN THE past, the 3-D format was usually reserved for a special occasion. More often than not, it would coincide with the
        795 words
      • Article, Illustration
        Lock icon Important message, ineffective execution
        572 4 / 5  -  By Dylan Tan dylantan@sph.com.sg IN a scene from Love Cuts, the ninth local film to hit the screens this year, supporting actress Christy Yow’s character Kristy laments that losing her breasts would spell the end of her modelling career. It’s meant to be a poignant scene
        572 words
      • Article, Illustration
        Lock icon Visit pre-Arthurian Camelot
        488 4 / 5  -  dvd review By Christopher Lim limchris@sph.com.sg COMING-OF-AGE prequels are an easy way to re-invent old stories for the teenage crowd, while also having a free hand to invent without needing to worry too much about being faithful to the source material. That’s why one might be forgiven
        488 words
    • ARTS
      • Article, Illustration
        Lock icon Those posters, reinterpreted
        789 6 / 7  -  An exhibition rounds up reinterpretations by 10 local artists, many of them award winners of Singapore’s good old, memorable campaign posters. Natalie Koh reports Natalie Koh natksl@sph.com.sg GROWING up with posters and slogans is something that Singaporeans are all too familiar with. So much so that invariably,
        789 words
      • Article, Illustration
        Lock icon Interactive work kicks off new Open Call
        420 6 / 7  -  By Natalie Koh natksl@sph.com.sg AFTER two successful years of its Open Call programme, which supports artistic, critical and rigorous visual arts proposals, The Substation has added a new instalment Performance Open Call. The instalment was created to recognise the importance of the performing
        420 words
      • Article, Illustration
        Lock icon Moving play on suicide draws sniffles
        577 6 / 7  -  By Natalie Koh natksl@sph.com.sg SUICIDE is a touchy topic. One would not want to come across as being insensitive spouting lines like “he killed himself because he was sad shameful”. But what if that comes from the mother of the victim? Doesn’t that put
        TUCKYS PHOTOGRAPHY  -  577 words
      • AROUND TOWN
        • Article, Illustration
          Lock icon Special sneak peek
          122 6 / 7 SOTHEBY’S will preview its Hong Kong Autumn Sale items in Singapore this weekend. Out of the 3,200-plus lots to be offered in the sale series, 360 will be showcased here. These highlights are in five categories: modern and contemporary South-east Asian paintings; 20th century Chinese art; contemporary
          122 words
        • Article
          Lock icon Forbidden love story
          109 6 / 7 THE Singapore Repertory Theatre is offering another thought-provoking experience Blackbird, directed by Tracie Pang and starring Emma Yong and Daniel Jenkins. The play was commissioned in 2005 by the Edinburgh International Festival and won the Laurence Olivier Award in 2007 for Best New Play. With the theme
          109 words
        • Article
          Lock icon Art attack
          81 6 / 7 FIFTY artworks by prison inmates and ex-offenders are featured at the Singapore Art Museum. Among them are winning entries from the Yellow Ribbon Art Competition and finest selections of Prison Art. This Yellow Ribbon Community Art Exhibition is a unique platform for inmates and ex-offenders to showcase their
          81 words
        • Article
          Lock icon Calling all performers
          70 6 / 7  -  Compiled by Natalie Koh TOY Factory Productions is calling on aspiring and established actors, actresses, dancers, singers, performers, and art practitioners to join it for its upcoming musical production, 881. The story is about two childhood friends who have dreams of performing “getai”. The audition is on
          70 words
    • ART/BOOKS
      • Article, Illustration
        Lock icon In memory of a titan
        788 8 / 9  -  Asian art collectors paid tribute to the late Wu Guanzhong with a public exhibition of some of his best works in Beijing last week. By Jaime Ee By Jaime Ee jaime@sph.com.sg JUST before he passed away in June this year, the acclaimed artist Wu Guanzhong
        788 words
      • Article, Illustration
        Lock icon Easy-to-read primer on Islamic finance
        553 8 / 9  -  book review Reviewed by R Sivanithy sivan@sph.com.sg IT would be fair to say that if the world’s financial markets were organised along Islamic financial principles, the banking crisis of 2008 would probably not have happened. This is because Islamic finance is built on socially responsible
        553 words
    • ART
      • Article, Illustration
        Lock icon A supreme makeover
        884 10  -  Singapore’s old Supreme Court and City Hall will open their doors to the public to an unprecedented degree before being transformed into the National Art Gallery. By Clarissa Tan By Clarissa Tan btnews@sph.com.sg WHAT these two grand old ladies must have seen, sitting squarely as they do
        NATIONAL ARCHIVES OF SINGAPORE; NATIONAL ART GALLERY OF SINGAPORE; PHOTOS: ARTHUR LEE  -  884 words
    • MUSIC/GAMING
      • Article, Illustration
        Lock icon The right way to do cover songs
        655 11  -  Aiza Seguerra impresses and Sheryl Crow surprises, but Esperanza Spalding delights. By Christopher Lim cd review By Christopher Lim limchris@sph.com.sg COVERsongsareonlyinterest-ing when artists re-invent them. Merely parroting the originals is a waste of CD space. The importance of originality is even greater when
        655 words
      • Article, Illustration
        Lock icon Sim-ply addictive
        548 11  -  By Christopher Lim limchris@sph.com.sg WAY before there were virtual worlds like Second Life that let you interact with real people online, there was SimCity and The Sims. Both allowed you to control semi-au-tonomous characters without identifying too closely with them, and were therefore more cathartic than playing as
        548 words
    • NIGHTSPOTS
      • RAISING THE BAR
        • Article, Illustration
          Lock icon The Chupitos Bar
          435 12 / 13 #01-02B, 3C River Valley Road, Clarke Quay For contact details please visit www.thechupitosbar.com ‘DOING shots” may be a fast but not fun–waytogetsloshedbutTheChupitos Bar is out to change that impression. “Chupitos” means “little drinks” in Spanish and the bar bills itself as Singapore’sfirst interactiveshots bar, boasting more than
          CHUPITOS PHOTOS BY ARTHUR LEE  -  435 words
        • Article, Illustration
          Lock icon Ku De Ta Singapore
          441 12 / 13 Melissa Lwee checks out a couple of night spots around town with rather unique concepts. Marina Bay Sands SkyPark 6688 7688 GIVEN the construction chaos still evident at the Marina BaySands SkyPark, it’s hard to imagine that in less than a week it will boast the
          YEN MENG JIIN  -  441 words
        • Article, Illustration
          Lock icon TAB
          344 12 / 13  -  By Christopher Lim limchris@sph.com.sg 442 Orchard Road #02-29 Orchard Hotel www.tab.com.sg THERE are plenty of large concert venues and tiny pubs here, but few mid-sized concert venues. TAB hopes to fill that vacuum. It has got two floors at Orchard Hotel in addition to a ticketing and bag-check counter
          344 words
        • Article
          Lock icon Filter
          89 12 / 13 mellwee@sph.com.sg 1 Nanson Road, beside Gallery Hotel 6734 0205 TOUTED as Singapore’s only Members Club, Filter had its soft launch yesterday. With a capacity of 300, it aims to cater to a more mature market reminis- cent of member-oriented venues in Hong Kong such as Halo and Kee Club.
          89 words
    • DOVER PARK HOSPICE WALK
      • Article, Illustration
        Lock icon A walk to remember
        462 14 / 15  -  People turned out in force last Sunday to support a worthy cause raising funds for Dover Park Hospice. By Arthur Lee By Arthur Lee arthurl@sph.com.sg DEPUTY Prime Minister Teo Chee Hean and about a thousand others took part in the Dover Park Hos-pice-Business Times charity walk
        ARTHUR LEE  -  462 words
    • WINE
      • Article, Illustration
        Lock icon Tipping the glass in China
        1146 16  -  Good wines retain their charm wherever they’re drunk, and whatever food they’re taken with. By N K Yong By N K Yong btnews@sph.com.sg THIS week’s column is somewhat of a travelogue as the notes refer to wines drunk during this week’s visits to Beijing and
        1,146 words
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  • Page 4 / 5 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 / 5 Miscellaneous Column 1
      291 4 / 5 CRYPTIC CROSSWORD Across 1 It’s sedate travelling in America (9) 9 Artilleryman going to jetty for sword (6) 10 Bird found colourful article in French port (9) 11 Hound, one coming from Jalalabad perhaps (6) 12 Police club (9) 13 Support for young animal (4,2) 17 Too poetic (3) 19
      291 words
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