The Business Times, 14 September 2010

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Total Pages: 34
1 34 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, September 14,2010
    23 words
  • 900 1  -  S’pore banks on firm ground but big players such as HSBC may get more aggressive By CONRAD TAN [SINGAPORE] Singapore banks’ ability to pay dividends or make new loans won’t be hurt by stricter global bank capital rules agreed in Basel on Sunday,
    900 words
  • 141 1 ST INDEX 3,066.81 (+44.53) ST INDEX FUTURES 3,067 (+44) SIMSCI 361.79 (+4.58) SIMSCI FUTURES 362.00 (+4.20) FOREX US$ S$ US$ (S$ per US$) 1.339 (US$/S$ per 1.546 2.069 EURO (US$/S$/E) 1.281 1.715 Foreign currency per US$ S$ YEN 84.00 62.70 RM 3.101 2.316 HK$ 7.768 5.803 BAHT 30.75
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  • 685 1  -  By NISHA RAMCHANDANI [SINGAPORE] The race for the title of the world’s busiest container port is heating up, as Shanghai overtakes Singapore for the first time in year-to-date container throughput, setting the stage for a potential and long anticipated upset in global
    ST FILE PHOTO  -  685 words
  • Page 1 Advertisements
    • 254 1 COMMENTARY Trade policies emerge as political issues in US PAGE 24 HOCK LOCK SIEW Trek has new patent and backing of ‘big brother’ PAGE 6 PROPERTY Market flux will settle soon: CapitaLand exec PAGE 34 OPINION Kim Jong Il’s foray online could backfire PAGE 25 The watchdogs strike back, Page
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  • TOP STORIES
    • 581 2 New bank rules ease fears, alter landscape SINGAPORE banks’ ability to pay dividends or make new loans won’t be hurt by stricter global bank capital rules agreed in Basel on Sunday, analysts BT spoke to said. But big international banks such as HSBC that also have capital well
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    • 1143 2  -  US latest to seek new metric on how well the country its people are doing By ANNA TEO [SINGAPORE] Even as most of Asia cheer the return this year of robust growth, the region and the rest of the world, continue to keep their
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    • 649 4 But the most closely tracked offering will be the one from AIA worth some US$15b [HONG KONG] Five Chinese companies are aiming to raise up to a combined US$2.1 billion from initial public offerings in Hong Kong, reinforcing the
      REUTERS  -  649 words
    • 496 4  -  Tanjong may sell gaming business after privatisation By S JAYASANKARAN USAHA Tegas, a private company controlled by Malaysian tycoon T Ananda Krishnan, is mulling a plan to sell Tanjong’s gaming business after the power, property and entertainment conglomerate was privatised for RM4.66 billion (S$2 billion),
      AFP FILE PHOTO  -  496 words
    • 448 4  -  Cfl REUTERS BREAKINGVIEWS By PETER THAL LARSEN [BASEL] Global bank supervisors are not a fast-moving bunch: the last set of capital rules took a decade to design and implement. So it is to the regulators’ credit that new rules, known as Basel III, were agreed just
      448 words
    • 483 4  -  By MICHELLE QUAH [SINGAPORE] A sizeable proportion of companies from emerging markets have enjoyed stellar growth over the past three years. And their performance was not just due to the underlying economic growth of their countries, but to a handful of strategies employed.
      483 words
    • 637 4 Bloomberg [SHANGHAI] Asian currencies advanced, led by South Korea’s won and the Thai baht, as economic reports showing faster growth in China’s factory output and retail sales bolstered the outlook for regional exports. The yuan jumped to a record high and
      Bloomberg  -  637 words
  • Page 2 Advertisements
    • 567 2 KPMG Seminar Series SINGAPORE _çåÇë ~åÇ kçíÉë Fixed Income Capital Market Products a~íÉë 21 22 October 2010 Pedestrian bond structures have evolved into more fanciful structures. Hybrid securities are designed to entice investors and issuers alike. These are all in response to market perceptions and needs. To make sense of
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    • 181 2 I •S? \N m. 1 4* i* H8i»H saa World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a
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  • Page 3 Advertisements
    • 120 3 We were there when our grandparents used to hide their life savings underthe bed. We were there when our parents kept their passbooks locked up in a drawer. We were there when most people did their banking in banking halls. These days, most people do their banking online. We were
      120 words

  • Page 4 Advertisements
    • 92 4 Royal Caribbean SPECIAL PROMO! Book by 20th Sep '10 Legend of The Seas (Kid's cruise free promo*) 2N Weekend Cruise from $376 W)T r Note: Terms Conditions Applies 3N Best of Malaysia from $465 Taxes Fees fr $51 $91 4N Isles of Southeast Asia from $589 5N 6N Spice of
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  • COMPANY NEWS
    • 869 5  -  Strong gains come amid upbeat calls raising price target By GRACE LEONG SHARES of Genting Singapore continued to post strong gains yesterday, unfazed by government measures over the past week to alleviate concerns about social gambling problems, with at least one analyst raising
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    • 438 6  -  By KALPANA RASHIWALA TAN Chin Hwee, a decorated fund manager, is joining K-Reit Asia Management Limited (KRAM) as an independent non-executive director on its board from today. The manager of K-Reit Asia also announced that from today, Tan Swee Yiow will relinquish his
      438 words
    • 538 6  -  Proposed TDR will inject more working capital to fund expansion: CEO By LYNETTE KHOO ZIWO Holdings, a Chi-na-based company which was listed on the Singapore mainboard about a year ago, is eyeing a secondary listing on the Taiwan Stock Exchange. The producer of foamed
      538 words
    • 96 6 Reuters [SINGAPORE] Singapore’s Neptune Orient Lines (NOL), the world’s fifth largest container shipping firm, said yesterday it carried 13 per cent more containers in the four weeks to Aug 20 compared to a year ago. NOL said in a statement it shipped the equivalent of 216,900
      Reuters  -  96 words
    • 774 6  -  HOCK LOCK SIEW By VEN SREENIVASAN EXECUTION is sometimes more important than invention. And few companies would be more aware of this than technology specialist Trek 2000 International. Almost a decade ago, the littleknown company with just 70
      774 words
    • 346 7  -  Jobs range from upgrading ships to general repairs By KAREN NG SEMBCORP Marine subsidiary Sembawang Shipyard has won several contracts worth a total of $110 million. One contract is to upgrade a ferry and another is to upgrade a cruise ship. Repair contracts relate
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    • COMPANY BRIEFS
      • 59 7 NERA Telecommunications Ltd has received orders for the supply, delivery, installation and maintenance of microwave radio equipment to cellular operators in Asia. The orders have an aggregate value of $9.3 million. The contracts are not expected to have a significant impact on the
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      • 92 7 ST Engineering’s electronics arm, ST Electronics, has announced that its subsidiary, Telematics Wireless Ltd, has been awarded a contract worth US$21.5 million by Arad Technologies Ltd to supply automatic meter reading (AMR) radio transceivers for Arad’s DIALOG 3G AMR solutions. The supply cooperation agreement
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      • 128 7 SEMBCORP Industries (Sembcorp) has announced that Thermal Powertech Corporation India (TPCIL) has signed financing arrangements with its lenders for the development of a 1,320 megawatt power plant in Andhra Pradesh, India. The financing covers about 75 per cent of the project cost of
        128 words
      • 60 7 COMFORTDELGRO Corporation, which announced a $46.8 million conditional takeover offer for Swan Taxis in July, yesterday declared the offer unconditional. It received acceptances representing more than 93 per cent of all the shares in Swan Taxis as at Sept 10. The Australian Competition and Consumer Commission
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    • 219 7  -  By KALPANA RASHIWALA LUM Chang Holdings said yesterday that subsidiary Lum Chang Building Contractors (LCBC) has been awarded the $119.4 million main contract for the design, construction and maintenance of the Esparina Residences executive condo (EC) project near Buangkok MRT Station. Work on the
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    • 227 7  -  By EMILYN YAP ASCOTT Residence Trust (Ascott Reit) is looking to raise up to $549.5 million by issuing 487.5 million new units. It lodged its offer information statement with the Monetary Authority of Singapore yesterday, after getting unitholders’ approval for
      227 words
    • EARNINGS BRIEFS
      • 75 7 STAMFORD Tyres enjoyed better results for its first quarter ended July 31 as demand for tyres in Singapore, Malaysia and South Africa improved. Net profit rose 24 per cent from a year earlier to $1.1 million, driven by a 16 per cent increase in
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      • 153 7 FREIGHT Links Express Holdings chalked up a net profit of $2.4 million for its first quarter ended July 31. This is 4.6 times the $523,000 earned a year earlier. Higher revenue contributed to the improvement. It rose 20 per cent to $36.6 million on
        153 words
      • 87 7 NOVO Group earned a net profit of US$1.5 million for its first quarter ended July 31, down 62 per cent from US$3.9 million a year back. This was despite revenue rising 13 per cent over the same period to US$117.2 million. Higher cost of
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      • 76 7 XPRESS Holdings’ net profit for its fourth quarter ended July 31 fell 27 per cent year on year to $5.2 million, despite revenue rising 33 per cent to $18.5 million. For the full year, net profit was $8.5 million down 35 per cent from the
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  • Page 5 Advertisements
    • 118 5 electronicAsia 2010 13 -16 October 2010 Hong Kong Convention and Exhibition Centre Real Business through Global Marketplace 570 exhibitors from 12 countries and regions Over 30,000 top quality trade visitors from 143 countries and regions Themed zones: "World of Solar" and "World of Display Technology" Held concurrently with "HKTDC Hong
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    • 421 5 $5 billion to manage 1,000 securities to choose 200 sources of information One Credit Suisse helping you find success Credit Suisse Equities One portfolio to manage, but thousands of stocks to choose. With Credit Suisse Equities, you get the resources you need global research with local perspective, rigorous quantitative analysis,
      421 words

  • Page 6 Advertisements
    • 205 6 A MEMBER OF TÜV SÜD GROUP Preview G1ba: RONICS 2 1 13-15 September 2010 (Mon Wed) Sands Expo And Convention Centre, Hall A Marina Bay Sands, Singapore 10am 6pm daily www.globaltronics.com.sg Featuring Green Technologies for Electronics Manufacturing N£U FEATURE Printed Electronics Companies will be presenting products services at the Printed
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  • Page 7 Advertisements
    • 483 7 Enjoy 0.5% p.a. bonus interest on your savings for 6 months*. •Top-up minimum S$25,000 in fresh funds from now till 30 September 2010 to qualify. Your funds are held in a Multi Currency Savings Account allowing greater flexibility and access. As an HSBC Premier customer, you can be confident that
      483 words

  • SINGAPORE MARKETS
    • 514 8  -  Help also comes from push on companies in the Jardine stable STOCKS R SIVANITHY Senior Correspondent NEAR-FRENZIEDtradingoftheGenting stable yesterday provided the main talking point in a session where the Straits Times Index’s direction was as always dictated by Hong Kong’s Hang Seng Index. With the
      Source: Bloomberg  -  514 words
    • 3 8
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    • 66 8 Sep 13 VALUE CLOSE BT OB/OS 612.00 +123.0 BT CADI -*****.00 +125.0 BT 10-day MA -*****.00 +61.00 FTSE ST Mid Cap 753.66 +7.35 FTSE ST Small Cap 556.34 +5.31 FTSE ST All Share 756.89 +10.22 FTSE ST China Top 279.10 +4.41 FTSE ST China 319.74 +10.74 FTSE
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    • 59 8 VOLUME *Genting HK US$ 372,936,000 Genting SP 204,110,000 Noble Grp 52,784,000 Fuxing 51,604,000 TopGlobal 46,371,000 Golden Agri 39,268,000 Z-Obee Hldgs 35,218,000 China Hongxing 32,138,000 KencanaAgri 26,955,000 Vallianz Hldgs 26,086,000 VALUE($) Genting SP 390,372,330 *Genting HK US$ 239,232,637 Noble Grp 92,214,420 Olam 70,739,350 SingTel 64,155,048 DBS Grp 62,811,920
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 7 0 0 0 7 3 7 Manufacturing 65 41 89 6 4 15 71 45 104 Commerce 27 19 25 5 4 5 32 23 30 Tpt/Stor/Comms 24 8 10
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    • 118 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 23,769 23,769 59,552 59,552 Manufacturing 395,373 12,525 407,898 282,034 685 282,719 Commerce 156,309 42,321 198,630 226,125 6,382 232,507 Tpt/Stor/Comms 100,012 899 100,911 220,805 90 220,895 Finance 25,320 25,320 213,638 213,638 Construction 28,109 50,625 78,734 8,179
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    • 112 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.250 +0.020 CapitaLand 4.000 +0.010 CapitaMall 2.040 +0.040 CityDev 11.760 -0.020 ComfortDelGro 1.550 +0.020 DBS Grp 14.220 +0.060 F&N 5.930 +0.070 Genting SP 1.990 +0.160 Golden Agri 0.595 +0.010 HK Land 6.100 +0.350 JMH 43.540 +0.720 JSH
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    • 485 8 CURRENCIES Reuters [NEW YORK] The dollar shed 1 per cent against the euro yesterday and slipped against other major currencies as strong Chinese economic data and new global banking rules encouraged investors to take on more risk. Thanks to recent better-than-ex-pected
      Reuters; REUTERS  -  485 words
    • BROKERS’ TAKE
      • 505 8  -  CIMB, Sept 13 Compiled by LYNETTE KHOO IN line; maintain “underweight”: All three telcos’ Q2 FY10 results matched expectations. Highlights were: 1) rising data contributions and roaming revenue which lifted mobile and service revenue; 2) improving pay-TV revenue due to the World Cup; 3) higher Ebitda margins as handset
        505 words
      • 385 8 DMG PARTNERS SECURITIES, Sept 13 THE Basel Committee on Banking Supervision raised banks’ Tier 1 capital adequacy ratio (CAR) to 6 per cent, from the current 4 per cent. The common equity to risk-weighted asset ratio has also been raised to 4.5 per cent, from the current
        Source: Bloomberg  -  385 words
    • 110 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 373.3 2.4 DBXT Nifty 10US$ ***** 319.8 1.9 DBXT MSKorea 10US$ 4974 159.2 2.5 Jardine C&C 3746 156.0 4.3 DBXT SPASX200 10US$ 3083 131.1 3.3 Pru 500US$ 965 111.1 9.4 DBXT MSAsExJp 10US$ 2998 101.7 2.6 JMH 4354 96.3 1.7 DBXT
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    • 119 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3734-184.7 -3.6 GLD 10US$ *****-136.5 -0.8 DBXT S&P Short 10US$ 5155 -91.0 -1.3 Berger Int 12 -7.0 -36.8 GentingSMBLePW*****1 23 -6.0 -20.7 TCT 152 -6.0 -3.8 Wilmar 631 -5.0 -0.8 Lyxor Europe 10 US$ 1180 -4.0 -0.3 KepCorp MBLeCW*****2 32.5 -4.0 -11.0
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    • 87 8 Where S$ stands Sep 13 CHNG YR 2010 CLOSE FR Sep 9 S$ LOW S$ HIGH US$ 1.3382 0.25 1.4219 1.3382@ Euro 1.7139 -0.32 2.0153 1.6886 Pounds 2.0679 -0.06 2.2831 2.0003 A$ 1.2481 -0.51 1.2960 1.1515 Yen* 1.5930 0.62 1.6080 1.4467 Rupiah* 0.***** 0.25 0.***** 0.***** Baht* 4.3512 -0.11
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  • Page 9 Advertisements
    • 213 9 PATEK PHILIPPE GENEVE Begin your own tradition. 0: 7T -r pcrq i— H ~»i i»c; o» SL •—i n cr u> n i ft i v 7/ takes 1200 steps to prod of even our simplest self-winding movement. As a family-owned watch that it never becomes 1199" At Patek Philippe
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  • SINGAPORE NEWS
    • 511 10  -  Early-stage talks on introducing greener grades of Euro IV petrol, Euro V diesel By RONNIE LIM WITH the world moving to “greener” transport fuels, Singapore is starting to suss out the oil companies and refiners on the potential for them
      511 words
    • 529 10  -  Public asked to give feedback to the proposals by Sept 26 By GRACE LEONG DEADBEAT dads who default on their maintenance debts will be reported to credit bureaus and those remarrying will be required to declare their maintenance debts to their new spouses under
      529 words
    • 367 10  -  By MICHELLE QUAH THE legal industry will be seeing a couple of high-lev-el movements between international law firms and local ones. Stamford Law Corporation has hired senior arbitration and litigation lawyer, Tan Chuan Thye. Mr Tan, who headed the dispute resolution team at Baker McKenzie
      FILE PHOTO  -  367 words
    • 340 10  -  By UMA SHANKARI THE Housing and Development Board (HDB) has launched a plot at Bedok Reservoir Crescent for sale by public tender under the design, build and sell scheme (DBSS). Around 430 public housing units can be built on the site, which is 179,400
      340 words
    • 265 10  -  By UMA SHANKARI NEW Green Individual Awards will be launched this year to recognise the contributions of professionals and individuals in the green building industry, Environment and Water Resources Minister Yaacob Ibrahim said yesterday. Some 18,000 to 20,000 professionals will need to be trained in
      265 words
    • 351 10 A SURVEY by Reach Reaching Everyone for Active Citizenry at Home shows that most Singaporeans agree with the principles behind government policies on the economy, education and even immigration. But there remains a considerable number who are anxious about competition from foreigners, especially the
      351 words
    • 215 10 Chaired by Civil Service head, the network is part of efforts to anticipate and deal with changes THE government has formed a Strategic Futures Network involving deputy secretaries from all ministries, as part of efforts to anticipate and deal with changes. Senior Minister and Coordinating
      215 words
  • Page 10 Advertisements
    • 105 10 MATS NOTICES UBS(Lux)KeySelectionSICA Registeredoffice:33AavenueJ.FKennedyB.P91,L-2010Luxembourg CommercialRegister:Luxembourg 88.580 VVAATT IdentificationNumber:LU*****428 TTel.: *****0 6051/Fax:*****0-6249 Notice to shareholders of the Subfunds UBS (Lux) Key Selection SICAV–AbsoluteRetur Plus(USD)andUBS(Lux)KeySelection SICA AbsoluteRetur Plus(EUR) The Boar Directors UBS(Lux) Key Selection SICA wishes inform shareholders theSubfundsUBS(Lux)KeySelectionSICA AbsoluteRetur Plus(USD)andUBS(Lux)KeySelectionSICA AbsoluteRetur Plus(EUR)that, sa s asf rf from15October2010,UBSGlobalAssetManagement(UK)Ltd,Londonshall bethePortfolioManager esponsibleforsaidSubfunds. Shareholdersshouldnotethat,owing thechangeoutlinedabove,theymay
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    • 33 10 i QJ FIND THE ONES C" il THAT FIT! <- Recruit the right people through CATS Recruit. Call 1800 289 8822 or email ■0 N i recruit@sph.com.sg to advertise. p C r? s <r^
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  • Page 11 Advertisements
    • 138 11 W m #v 7M jfm* LJM'iSm f mSC '+*WJ il i ft AA f r>. Markets OVER Employees "■"■/a r« fyv jpr M J 9 'wTZa t f'H| > m 31 7 A L FW fffl I !M > it w as << <' .W ln-force Policies inTIWYVi. F Vf
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  • SME Inc
    • 958 12  -  SMEs in Singapore, such as The Soup Spoon, Sue Private Nurses Agency and Lim Tan Motors, are touting the benefits of using Software-as-a-Service, reports TIMOTHY SEOW TIMOTHY SEOW IN THE 1800s, people stopped producing their own power with windmills and waterwheels and started plugging
      PHOTOS: ARTHUR LEE  -  958 words
    • 423 12  -  By TEH HOOI LING UP till recently, the market feared the worst for the global economy. But as far as recent numbers are concerned, things are not as bad as feared. Hence, investor sentiment has improved quite a bit of late. Trading volume has
      423 words
    • 1168 14  -  Ryobi Kiso’s piling techniques provide improved efficiency, effectiveness and reduced environmental damage, giving it a competitive advantage, report DAWN HO HUI LING, DESMOND LI and LIN YEJUN DAWN HO HUI LING, DESMOND LI ,LIN YEJUN The writers are students ofNUS Business School DO YOU recall the
      YEN MENG JIIN  -  1,168 words
    • 148 14  -  By RACHEL SIM HONG Leong Finance (HLF) unveiled its first Small and Medium Enterprise Centre @Branches at City Square Mall yesterday. The centre, staffed by a team of SME specialists, is a one-stop shop that offers the convenience of a complete suite of business
      148 words
    • 970 16  -  Wastepaper recycler Likok’s business has expanded to neighbouring countries, report DAWN HO HUI LING, DESMOND LI and LIN YEJUN DAWN HO HUI LING, DESMOND LI ,LIN YEJUN The writers are students of NUS Business School EVER wondered where the wastepaper that you disposed of ended
      YEN MENG JIIN  -  970 words
    • 511 16  -  But it’s all right to fail in a ‘good’ way, say entrepreneurs By KAREN NG ONE thing that successful entrepreneurs have in common is something that most people don’t talk about: failure. A lot of it. As Sam Loo, managing director of
      YEN MENG JIIN  -  511 words
    • 1038 17  -  And that’s why the company has a big edge in its highly competitive retail industry, report NEIL FOO, EUNICE TAN and TAN WEI LIN NEIL FOO, EUNICE TAN ,TAN WEI LIN The writers are students of NUS Business School LOCATED mainly in the heartlands,
      ARTHUR LEE  -  1,038 words
  • Page 12 Advertisements
    • 98 12 Ready for your MBA? Meet the World's Best Business Schools The MBA Tour in Singapore Thursday 16 September 2010 Shangri-la Hotel, 22 Orange Grove Road -5 I W V Participating Business Schools Brandeis University Melbourne Business School CKGSB Queen's University CUHK Renmin University of China College of William and Mary
      98 words
    • 66 12 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Up To go OFF Quality Waterbeds With perfect lumbar, neck and back support, >you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. #01 -15/16 The Furniture Mall
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  • Page 13 Advertisements
    • 147 13 Today, you do business in a fast, brave new world. A world free from the borders of distance and time. Where information and data have become as critical as power, tools and raw material. These are not an option. They need to be delivered by a partner you can trust
      147 words

  • Page 14 Advertisements
    • 462 14 00 i :":r Global Entrepolis Singapore 6 8 October 2010 Raffles City Convention Centre H Frank Lavin Former U.S. Under Secretary of Commerce for International Trade 1 Dang Thanh Tam Chairman Dr Fereidun Fesharaki Saigon Invest Chairman Group FACTS Global Energy and Member of the Board Dubai Mercantile Exchange -a
      462 words
    • 74 14 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Ryobi Kiso (S) Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by
      74 words

  • Page 15 Advertisements
    • 174 15 Your business goes further with STARHUB NEXT GEN BROADBAND We've always given Singapore the fastest broadband. And now, you can count on us to make the most of the Next Gen Fibre Network for your business. Our comprehensive suite of solutions and services are tailored to get you ahead of
      174 words

  • Page 16 Advertisements
    • 723 16 UBS Equity Fund Management Company S.A. Registered office: 33A avenue J.F. Kennedy, B.P. 91, L-2010 Luxembourg Commercial register: Luxembourg B 31.834 VAT No.: LU 218 429 23 Tel.: *****0 6672/Fax: *****0 6249 UBS Fund Management (Luxembourg) S.A. Registered office: 33A avenue J.F. Kennedy, B.P. 91, L-1855 Luxembourg Commercial register: Luxembourg
      723 words
    • 86 16 W MATS W NOTICES nI n In tthe Matter TheCompaniesAct,Cap.50 And nI n In tthe Matter ORHARDCUPP PTE. TD. f( f (formerlyknownasHARRY’SOR HARDPTE. TD.) (INLIQUID TION) (Co. eg.No.200 48Z) COMPANIESWINDIN UP O. 52 2009/M NNOOTICEOFMEETIN OFCREDITORS TTaakkee notice hat meeting editor heabo matterwillbeheld 1199 KKeeppe oad #02-0 Jit ohBuildingSingapore*****8 on
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    • 138 16 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Likok Paper Trading Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by
      138 words

  • Page 17 Advertisements
    • 105 17 Voices We are extending the deadline for last week’s topic: In recent months, some cash-rich foreign investors have been buying into local small and medium-size enterprises (SMEs) and start-ups. Has your company received such an investment offer? What are the pros and cons of such investments? If you are an
      105 words
    • 72 17 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. iKnow Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank,
      72 words
    • 169 17 Call it return on innovation. SABRINA CALLIN Managing Director,PIMCOAdvisory As part of a global firm managing more than $1 trillion in assets, PIMCO’sSabrinaCallinturnstoCMEGrouptoaccesstheworld’s largest equity index marketplace one that offers a broad array of innovative products based on large-cap, mid-cap and smallcap stock indexes, including the S&P 500, NASDAQ-100, DJIA,
      169 words

  • ECONOMY WATCH
    • 520 18 MD urges govts to exit fiscal stimulus gradually, cut debt to sustainable levels Bloomberg [WASHINGTON] The global economy may not generate much employment growth in coming years, with Europe most at risk of a sluggish and jobless recovery, International Monetary Fund managing director Dominique
      Bloomberg; AFP  -  520 words
    • 384 18 Bloomberg [WELLINGTON] New Zealand will record slower economic growth this quarter due to lost output following its worst earthquake in 80 years, the Treasury Department said yesterday. The impact will probably trim about 0.4 percentage point off growth, although one scenario projects
      Bloomberg; AP  -  384 words
    • 386 18 AP [ATHENS] International inspectors are scheduled to start last night a two-week review of Greece’s efforts to overhaul its debt-ridden economy and plan its budget, with a view to approving the second instalment of its bailout loan. The delegation from the European
      AP  -  386 words
    • 484 18 It sees growth moderating in H2 amid budget cuts Bloomberg [ZURICH] Europe’s economy may grow almost twice as fast as previously forecast this year with a more “moderate” expansion in the second half, the European Commission said. Gross domestic product in the
      Bloomberg  -  484 words
    • 391 18  -  OECD report also points to solid recovery for S’pore By NEIL NEIL BEHRMANN A FORECAST China slowdown is likely to moderate rather than dent the Singapore and Asean economic recovery, according to lead indicators of the Organisation for Economic Cooperation and Development (OECD). The
      391 words
  • Page 18 Advertisements
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    • 4 18 www.o my.sg 0 m
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  • MALAYSIA/INDONESIA
    • 515 19 Govt trying to bring budget deficit down to around 5.6% this year, he says Bernama [KUALA LUMPUR] Malaysia is poised to register at least 6 per cent GDP (gross domestic product) growth in 2010, fuelled mainly by domestic demand and consumption,
      Bernama; FILE PHOTO  -  515 words
    • 158 19 Reuters [BANGKOK] Thailand is in talks to sell up to about 300,000 tonnes of rice to Indonesian state procurement agency Bulog, traders and officials from industry and the Thai government said yesterday. Traders said Indonesia may be seeking to
      Reuters  -  158 words
    • 245 19 Developer to invest in projects on 15 ha of land in Danga Bay Bernama [JOHOR BARU] Johor Menteri Besar Abdul Ghani Othman said a number of local companies are now showing an interest in investing in the Iskandar Malaysia development region. Among the companies
      Bernama  -  245 words
  • Page 19 Advertisements
    • 29 19 4Lianhe Zaobao Research report by S'pore& Chinese scholars: Wage hike 11 Li effective than rise in RMBto balance trade tkARmwiii mm To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      29 words
    • 57 19 < m^.t. rsc.vfS'S «riv4~^|.v M. v v4tv V';; xz$}'<. Mi- 1 K<* K**\ M I m .>•- •.--V •M war' mm ggfe, .jifelW^'*^ For us, private banking means working perfectly together as a team. Also with you: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden' \V
      57 words

  • GREATER CHINA
    • 531 20 Beijing, the engine for global recovery, will remain fair and open, he says Wen urges cooling of China’s property market, Pg 33 [BEJING] China’s economy is in “good shape” and has helped power the world’s recovery from the devastating financial crisis that erupted
      BLOOMBERG  -  531 words
    • 302 20 Bloomberg [TOKYO] Taiwan plans to increase its minimum wage for the first time in more than three years to help narrow the income gap between high-earning and poorer households. The wage will increase by 3.47 per cent to NT$17,880 (S$754) from Jan 1, 2011, providing
      Bloomberg  -  302 words
    • 229 20 Reuters [HONG KONG] Global private equity fund Permira has acquired satellite operator Asia Broadcast Satellite (ABS) in a US$200 million management buyout from CVCI, sources familiar with the matter told Reuters yesterday. This is Permira’s third investment in Asia, taking its total
      Reuters  -  229 words
    • 238 20 Reuters [TAIPEI] Primus Financial Holdings, one of the bidders for American International Group’s Taiwan unit, will appeal the regulator’s decision to block the deal, a newspaper reported yesterday. Citing unidentified “top level” sources in Primus, the Economic Daily said Primus did not
      Reuters  -  238 words
    • A special series brought to you by Bursa Malaysia and ShareInvestor
      • Article, Illustration
        606 20 Supermax is a force in global glove making. Talk about adding shareholder value! “If an investor had bought 10,000 of our shares for RM20, 000 when we listed in 2000, he would have made RM240, 000 by now,” says Stanley Thai Kim Sim.“That’s 1.200 percent capital appreciation over the
        606 words
  • Page 20 Advertisements
    • 477 20 :*AT=i Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES SEKSUNINVESTMENTSPTE Company Registration No: *****7455G NEWSPAPER NOTICE Notice herebygivenpursuant Sections76(10)(h)and76(12) the Companies Act,Chapter50 Singapor (the CompaniesAct”),that anExtraordinaryGeneral Meeting SeksunInvestmentsPteLtd(the Company deemed havebeenduly convenedandheldon September2010,thefollowing esolutionwasdulypassedby theCompanyas SpecialResolution: “SpecialResolution Financial Assistance Resolved that: (a) the ovision nancial assistance, directly indirectly bytheCompany SupernovaHoldings(Singapor Pte.Ltd., companyincorporated
      477 words
    • 405 20 SEKSUNINTERNATIONALPTE. D. Company Registration No: *****8483E NEWSPAPER NOTICE Notice herebygivenpursuant Sections76(10)(h)and76(12) theCompanies Act,Chapter50 Singapor (the CompaniesAct”),that anExtraordinaryGeneral Meeting SeksunInternationalPte.Ltd.(the Company deemed havebeenduly convenedandheldon September2010,thefollowing esolutionwasdulypassedby theCompanyas SpecialResolution: “SpecialResolution Financial Assistance Resolved that: (a) the ovision nancial assistance, directly indirectly bytheCompany SupernovaHoldings(Singapor Pte.Ltd., companyincorporated Singapor with egistrationnumber*****0418W SHS”), connectionwiththeacquisition (the “Acquisition”)
      405 words

  • INDIA
    • 495 21 Robust July factory output and firm world markets boost sentiment Reuters [MUMBAI] Indian shares hit a 3 2-month high yesterday, as investors cheered robust July factory output, with strong world markets also boosting sentiment. Financials topped the gainers with top lender State Bank
      Reuters; AFP  -  495 words
    • 216 21 Reuters [TIANJIN, China] Infosys Technologies, India’s No 2 software outsourcing company, aims to diversify its revenue streams after a year during which Europe’s downturn made the company even more reliant on the United States, its CEO said here yesterday. The company aims
      Reuters  -  216 words
  • Page 21 Advertisements
    • 1905 21 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of JETS TECHNICS INTERNATIONAL HOLDINGS LIMITED (the “Company”) will be held at Connection 1, Level 3, Amara Singapore Hotel, 165 Tanjong Pagar Road, Singapore *****9 on Wednesday, 29 September
      1,905 words
    • 1405 21 WATci Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES VAN DER HORST ENERGY LIMITED (Company Registration No. *****1941G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of Van der Horst Energy Limited (the "Company") will be held at 30
      1,405 words

  • ASIA-PACIFIC/WORLD
    • 525 22 But he declines to predict where the jobless rate might stand at year-end AFP [WASHINGTON] President Barack Obama’s new top economist said on Sunday that he expects the US unemployment rate, which has edged up to 9.6 per cent, to remain high for
      AFP; AP  -  525 words
    • 205 22 Reuters [DUBAI] US-based distressed debt fund Aurelius Capital Management is the only creditor to have not signed on to Dubai World’s US$24.9 billion restructuring deal, the Financial Times said yesterday citing people close to the talks. The company, which bought US$5 million
      Reuters  -  205 words
    • 461 22 It may sell US$2b worth of US plane and vehicle controls Bloomberg [TOULOUSE, FRANCE] BAE Systems Plc’s plan to sell as much as US$2 billion worth of US aircraft and vehicle controls may help Europe’s largest arms company focus on defence services and raise
      Bloomberg  -  461 words
    • 292 22 AFP [LOS ANGELES] Kevin McCarthy, a veteran Hollywood actor best known as the star of the 1956 sci-fi cult film Invasion of the Body Snatchers, has died aged 96, the Los Angeles Times reported on Sunday. Over his 70-plus year career on stage
      AFP; AFP FILE PHOTO  -  292 words
    • 343 22 Reuters [CANBERRA] Australia’s new climate change minister Greg Combet said yesterday the government would continue its push to price carbon emissions, but reassured the powerful coal industry that he would also shield its future. Australia is the world’s biggest coal exporter
      Reuters  -  343 words
    • 510 22 Share sale to fund takeover of Deutsche Postbank, meet stricter capital rules Bloomberg [FRANKFURT] Deutsche Bank AG, Germany’s largest bank, plans to raise at least 9.8 billion euros (S$16.8 billion) in its biggest-ever share sale to take over Deutsche Postbank AG and meet stricter
      Bloomberg  -  510 words
    • 742 23  -  But PM has the edge among party, assembly members By ANTHONY ROWLEY THE outcome of what is seen as a critically important election due today that will decide who takes over Japan’s political helm continued to be a cliff hanger
      742 words
    • 526 23 AFP [LOS ANGELES] Flamboyant diva Lady Gaga’s “Bad Romance” won best video onSunday at the MTV awards, sealing her reputation as the larger-than-life queen of the pop scene. The Video of the Year gong was one of eight MTV Moonmen for Lady Gaga, 24,
      AFP; PHOTOS: AFP, REUTERS  -  526 words
    • 675 23  -  COMMENTARY By STEVE SLATER Steve Slater is an F1 race commentator on STAR Sports’ coverage of the Formula One FOR Fernando Alonso, Scuderia Ferrari and the roaring, adoring ‘tifosi’, the Italian Grand Prix was a dream come true. For McLaren, in particular Lewis Hamilton, it was a
      675 words
    • 536 23 But it is still keeping the captain in custody till Sept 19 AP Reuters [TOKYO] Japan freed 14 crew members of a Chinese ship yesterday, nearly a week after their vessel collided with two Japanese patrol boats near disputed southern islets, but
      AP; Reuters  -  536 words
  • Page 22 Advertisements
    • 343 22 The Business Times HP Innovation Forum TECIinOlOGY eBusiness mnovmiofu Wednesday B October, 2010 9am to 1.30pm Shangri-La Hotel Banyan Room 22 Orange Grove Road, Singapore Free admission Register at www.asiaone.com/btinnovation Closing date is 30 September 2010. As seats are limited, only successful registrants will be notified by 1 October 201
      343 words


  • EDITORIAL & OPINION
    • 498 24 EDITORIAL JAPAN and China are playing a dangerous double game by cultivating strong mutual ties “on land”, as it were, while indulging in acts of brinkmanship at sea, as the incident last week involving the detention by the Japanese coastguard of a Chinese fishing
      498 words
    • 732 24  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent EUROPEAN Union leaders on Sept 16 will hum and haw, scratch their heads and after much furrowing of eyebrows, try and decide how to interact with the emerging, rising powers which dominate today’s globalised
      732 words
    • 991 24  -  Lawmakers grab chance to use China as scapegoat to advance their electoral prospects LEON HADAR Washington Correspondent FIRST the good news: the US trade deficit is down. In fact, according to a report issued by the Commerce Department, the US trade deficit
      REUTERS  -  991 words
    • 1345 25  -  In his book, Edward Steinfeld says China is evolving in much the same way that other modernising nations did By SIMON TAY The writer is chair of the Singapore Institute of International Affairs and the author of ‘Asia Alone: The Dangerous Post-Crisis Divide From
      AP  -  1,345 words
    • 992 25  -  WILLIAM PESEK JR NEVER did I think it would be Kim Jong Il who would get me to open a Twitter account. I was as adamant a holdout of the micro-blab-bing phenomenon as you will find. Best to keep your breakfast menu and
      992 words
    • 333 25  -  LETTER TO THE EDITOR Loo Siew Yee Secretary Securities Industry Council WE refer to Mr Denis Distant’s letter “Takeover code needs fine tuning” (BT, Sept 3). The requirement for a mandatory offer ensures that, where a person pays one or more shareholders a
      333 words


  • AVIATION
    • 837 26 Planemakers hope to cut maintenance, fuel costs for A320s and Boeing 737s Reuters [WASHINGTON] Boeing Co and Airbus are about to roll the dice on plans to update their single-aisle planes, probably reaching different conclusions and possibly tipping the balance of sales in
      Reuters; FILE PHOTO  -  837 words
    • 217 26 Bernama [SEOUL] Asiana Airlines of South Korea will launch a plane exclusively for Chinese tourists visiting the country, in a bid to draw more Chinese tourists after the government’s decision to ease visa restrictions for visitors from China, Xinhua news
      Bernama  -  217 words
    • 221 26 Reuters [LONDON] Passenger traffic at BAA airports fell 0.6 per cent in August year-on-year, hit by the continued weakness of the UK leisure market, which has led to casualties among small British tour operators. BAA, which is majority owned by Spain’s Ferrovial, on Friday
      Reuters  -  221 words
    • 261 26 AFP [WASHINGTON] In the largest US arms deal ever, the administration of President Barack Obama is ready to notify Congress of plans to offer advanced aircraft to Saudi Arabia worth up to US$60 billion, The Wall Street Journal reported yesterday.
      AFP  -  261 words
    • 3000 26 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 0025
      3,000 words
    • 3098 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,098 words
  • Page 26 Miscellaneous
    • 338 26 CRYPTIC CROSSWORD Across 1 Form of transport trouble after third of strikes (4) 3 Warning sound mainly preceding childminder’s musical gathering (10) 8 Daughter, gasping for breath crossing line, faded (8) 9 Finish, annually, welcoming a time at home (6) 10 A change incorporating single flier’s home (6) 11 Pair
      338 words

  • Page 27 Advertisements
    • 31 27 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O 6 327 THE BUSINESS TIMES SHIPPING TIMES
      31 words

  • 452 28 Firm expects at least 10% growth in its profit this year, says CFO [SHANGHAI] China’s Ningbo Port said yesterday that its reduced initial public offering size would benefit shareholders and boost its post-debut share price. The firm, which cut the size of
    BLOOMBERG  -  452 words
  • 224 28 Reuters [NAIROBI] Kenya yesterday invited bids for the first phase of construction of a new port along its coast in Lamu, involving the building of three berths. The port is part of a proposed US$22 billion development plan meant to connect Kenya to
    Reuters  -  224 words
  • 224 28 Reuters [BEIJING] China Petroleum Chemical Corp (Sinopec) started building its first liquefied natural gas (LNG) receiving terminal in eastern Shandong province on Friday after the project received final approval from the government. The Qingdao terminal, able to handle three million tonnes of
    Reuters  -  224 words
  • 343 28 Bernama [KOTA KINABALU] Malaysia’s Ministry of Transport will consider seriously the views of all parties before making a decision on whether or not to review the Cabotage Policy. Transport Minister Kong Cho Ha said on Sunday that the ministry has had a
    Bernama; THE STAR  -  343 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 741 29 RQcM RAPID FFSHDRE MARINE Engineering Excellence C Integrating for Engineering Excellence ANNOUNCING THE FORMATION OF SINGAPORE'S MAJOR HOME-GROWN OI MARINE HVAC REFRIGERATION HUB FFSHORE, RAPID Offshore Marine (RO&M) is pleased to announce the successful acquisition and integration of three leading offshore and marine companies in Singapore, creating arguably Singapore's largest
      741 words

  • SINGAPORE STOCKS
    • 9082 30 Transaction date: Sep 13 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 unch 318 19.5 19 18.5 19 1.7 9.5 6.1 91 12 5 5834
      9,082 words
    • 1902 31 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 181 +6 1 181 181 161
      1,902 words
    • 9382 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.2/ APS Alpha Fund (USD)!** 0.9/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.9721/0.9721 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
      9,382 words
    • 850 31 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 $mil 124 107 6389 ABF SG Bond ETF 115 -1 10 115 115 115 117 525 974 748 CIMBAsean40 100US$ US974 +28 190 974 954
      850 words
    • 78 31 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 $mil 56 36.5 6000 AVJennings A46.5cd unch 2 46.5 46.5 46.5 48.5 3.6 7.5 3.7 121.1 51 16 6017 Genting HK US$ US51 +7 *****6
      78 words


  • FINANCE & COMMODITIES
    • 374 32 In local curr In S$ In US$ dy yr dy yr dy yr Sep 9 Index Change Change Change Change Change Change World Index Preliminary 817.4 0.9 -1.8 0.9 -6.9 1.0 -2.5 EAFE Preliminary 758.2 1.0 -3.4 0.9 -9.3 1.0 -5.1 Europe Preliminary 1117.2 1.1
      374 words
    • 180 32 Sep 13 $S Offer Bid 0vernight 0.10 0.06 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ 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 0.65 12
      180 words
    • 22 32 Sep 13 S$ Bid Offer 1-month 1.3381 1.3391 2-months 1.3380 1.3391 3-months 1.3380 1.3391 6-months 1.3379 1.3390 Source: OCBC
      22 words
    • 129 32 Sep 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 350.4 348.0 350.4 8 Nov 10 349.0 Dec 10 349.0 349.0 349.0 8 Jan 11 348.5 Feb 11 348.5 Mar 11 348.5 Apr 11 349.0 May 11
      129 words
    • 88 32 Sep 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 16.12.2010 0.30 0.30 0.25 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.09 104.15 104.12 5-Year N*****0N 1.375 01.10.2014 102.57
      88 words
    • 105 32 Sep 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 10 1023.50 1037.75 1032.00 1022.25 Nov 10 1031.00 1046.00 1047.50 1030.00 Jan 11 1040.25 1055.25 1055.75 1040.25 Mar 11 1048.00 1062.00 1062.00 1045.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 10 41.25 41.08 41.36
      105 words
    • 77 32 CRUDE OIL PRODUCTS Sep 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 78.18 -0.35 WTI (Near Mth) 76.50 2.24 Dubai (1-Mth F) 75.65 -0.39 Tapis blend 83.80 -0.45 Minas 77.70 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 74.05 unch Jet Kerosene 87.95 unch US$/barrel Opec Oil
      77 words
    • 2257 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 720 1 3 2.20 3 6221 Asia-Pacific Strategic W*****6 33 1 150 1 5.48 44 6227 ASJ Hldgs W*****1 3.5 1 4 25
      2,257 words
    • 132 32 Sep 13 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2360 1.2730 Can dollar 1.2900 1.3060 Euro 1.7020 1.7220 NZ dollar 0.9710 0.9920 Sterling pound 2.0500 2.0740 US dollar 1.3320 1.3470 Local dollars to 100 units of foreign
      132 words
    • 29 32 Sep 13 Open High Sett STI Sep 3045 3050 3067 SIMSCI Sep 357.8 362.9 362.0 Taiwan Sep 279.4 287.0 286.8 Source: MF Global (S) Pte. Ltd
      29 words
    • 464 32 Sep 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.962 6.302 0.728 7.242 43.210 83.912 0.783 10.824 2.891 1.273 79.949 41.159 1.248 6.663 0.947 29.600 28.665 0.603 0.932 Canada 1.039 6.550
      464 words
    • 85 32 Sep 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 32 Sep 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2472 1.2488 0.9321 0.9326 Canadian dollar 1.2962 1.2980 0.9687 0.9693 Euro 1.7140 1.7158 1.2809 1.2813 NZ dollar 0.9800 0.9814 0.7324 0.7329 Sterling pound 2.0680 2.0702 1.5455 1.5460
      154 words
    • 138 32 GOLD (US$/oz) Sep 10 Sep 13 Hong Kong 1248.10 1245.30 Sep 10 Sep 08 London 1247.75 1258.25 1248.50 1258.50 Source: Thomson Reuters CAST BAR Sep 13 (S$) Selling Buying Kilobar 57,584.19 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129 54 5gm 366 269 10gm 654 537 20gm
      138 words
    • 70 32 Sep 10 Sep Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2071.75 2077.75 3 months 2100.00 2105.00 Copper, Grade A (US$/tonne) Cash 7471.75 7540.75 3 months 7486.00 7555.00 Lead (US$/tonne) Cash 2154.75 2171.75 3 months 2185.00 2201.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 82 32 Sep 10 COCOA (£/tonne) Close Prev High/Low Sep 10 1839 1872 1867/1834 Dec 10 1856 1876 1882/1846 Mar 11 1876 1897 1902/1870 May 11 1889 1914 1916/1885 COFFEE (US$/tonne) Close Prev High/Low Sep 10 1565 1574 1586/1579 Nov 10 1583 1591 1620/1581 Jan 11 1611 1617 1637/1608 Mar 11
      82 words
    • 67 32 Sep 13 Sep KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 10 2801 2829 2830 2800 137 725 Oct 10 2698 2737 2742 2698 1464 8171 Nov 10 2660 2676 2689 2649 7065 ***** Dec 10 2650
      67 words
    • 430 32 Sep 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.7078 0 481 Dec10 99.5700 0 8766 Mar11 99.4650 0 3016 Jun11 99.3500 0 2819 EUROYEN TIBOR FUTURES Sep10 99.6450 0 3557 Dec10 99.6625 99.6625 99.6625 99.6675 2 1998 Mar11 99.6750 99.6750 99.6750 99.6775 5 1401
      430 words

  • PROPERTY
    • 497 33 Runaway prices may also imperil social stability if left unchecked, says PM Reuters [TIANJIN, China] Stabilising house prices is an essential task for every level of government in China, Premier Wen Jiabao said yesterday, underlining how worries about a red-hot property market have
      Reuters; BLOOMBERG  -  497 words
    • 1336 33 NYT [NEW YORK] Rebecca and Trent Dupaix of Eagle Mountain, Utah, spent a year searching for their dream home. The couple, who have five children, considered 15 to 20 houses before finding “the one”. They were thrilled when they closed on
      NYT  -  1,336 words
    • 309 33 Reuters [SHANGHAI] Grosvenor, one of Britain’s biggest property investors, has delayed the launch of its second China property fund until early next year due to adverse market conditions, a top executive said yesterday. However, the privately owned investor, which manages the estate of the Duke
      Reuters  -  309 words
    • 375 34  -  Launch of condo project on Farrer Court site will go ahead by year-end By UMA SHANKARI RECENT policy moves to cool the local property market have created some “flux”, but things should “settle” in a couple of months, the chief executive of CapitaLand’s
      375 words
    • 621 34 Bloomberg [HONG KONG] Risks in Hong Kong’s property market may exceed those in 1997 if falling prices coincide with rising interest rates, Hong Kong Monetary Authority chief executive Norman Chan said. The property market has been rising “quite rapidly” and may collapse
      Bloomberg  -  621 words
    • 194 34 Reuters [SHANGHAI] The city’s stock of individual mortgages fell by 1.06 billion yuan (S$209 million) in August, the first monthly fall this year, as government efforts to cool down the sector continued to hit home purchases. The fall came after net new
      Reuters  -  194 words
    • 318 34 Bloomberg [SINGAPORE] A recovery in Chinese property transactions even as price gains slow suggests policy makers will probably introduce further tightening measures, Credit Suisse Group AG said. UBS AG disagrees. Home prices in 70 major cities climbed 9.3 per cent last month from a year
      Bloomberg  -  318 words
    • 208 34 PROPERTY consultancy SLP International is hiring Nicholas Mak as executive director of its research and consultancy division. Mr Mak, formerly a real estate lecturer at Ngee Ann Polytechnic, will officially join the firm tomorrow. SLP started off in 2001 marketing industrial properties in Singapore,
      208 words
  • Page 33 Advertisements
    • 204 33 Elevated site at Pasir Panjang Less than 100m from MRT Subject Site Dist. 5, corner of Balmeg Hill; Seaview Land 28,263 sf, GPR 1.4 5-sty; 999,999 yrs Less than 100m to Haw Par Villa MRT Educational research institutions nearby 6227 6066Tender Closing on3 September 2010 (Thur), 2.30pmentialfor40aptsofaverage1,000s Tender Closing onr40aptsofavera
      204 words
    • 152 33 JONES LANG LASALLE Real value in a changing world For Sale By Expression Of Interest 18 New Industrial Road r 111! Cove Drive Elegant 6800/8000sqft 2 1/2 storey modern home Gracious master suite Lovely golf course views Asking $2800psf IV" Paradj bwtss Indivi tn, Aswng $2800psf Ocean Drive Modern 6800/7300sqft
      152 words

  • Page 34 Advertisements
    • 331 34 World Renowned Lindsay Park ANGASTON, BAROSSA VALLEY, SOUTH AUSTRALIA Lindsay Park a unique investment opportunity One of Australia’s most prestigious and historic country estates with iconic homestead World-famous thoroughbred property established by the late Colin Hayes AM OBE in 1965 Strategically situated in Australia’s premier and internationally renowned wine region,
      331 words