The Business Times, 22 September 2010

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Microfilm: NL30886
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, September 22,2010
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  • Article
    Lock icon SIA flies the flag for retail bond buyers
    663 1  -  In a pioneering move, the carrier is offering retail investors $50m of its $300m bond issue By JAMIE LEE Uphill climb for SGX in retail bond trading, Page 6 [SINGAPORE] Singapore Airlines (SIA) has set aside part of its latest corporate bond
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  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 3,095.39 (+14.41) ST INDEX FUTURES 3,093 (+12) SIMSCI 363.47 (+1.35) SIMSCI FUTURES 362.80 (+0.40) FOREX US$ S$ US$ (S$ per US$) 1.333 (US$/S$ per 1.551 2.068 EURO (US$/S$/E) 1.309 1.745 Foreign currency per US$ S$ YEN 85.40 64.10 RM 3.101 2.326 HK$ 7.763 5.822 BAHT 30.78
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  • Article, Illustration
    Lock icon WATCH THIS GREEN SPACE
    66 1 [SINGAPORE] The green space between The Gateway’s trapezoidal towers and the towering Parkview Square will soon be developed by a Malaysian-controlled entity. Under a historic land-swap deal that Singapore and Malaysia reached on Monday, this grassy plot is one of two downtown sites that will be
    PHOTO: YEN MENG JIIN  -  66 words
  • Article
    Lock icon Stage set for upmarket property launches
    680 1  -  Next 9 months could see slew of mid-tier and high-end projects in market By UMA SHANKARI [SINGAPORE] Developers here plan to launch another 34 residential developments with more than 8,800 units by June 2011, data compiled by Knight Frank shows. Most of the new
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      84 1 LEGAL EAGLES Local law firms expand regional footprints PAGE 2 EXEC MONEY Not all signs point to gloom PAGE 34 TRANSPORT HUB Strait Talk: Going green ahead of schedule INVESTMENTS Malaysia identifies major projects to spur growth PAGE PAGE 22 8 *****1 *****4 The next wave What’s next for the
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      226 1 M’sia-S’pore deal leads all the way, Page 4 J 0 chronometff/> Q t rf* V A I *fa Time, incomparably crafted L.U.C Tourbillon Tech Twist. Chopard vividly illustrates its ability to blend advanced technologies with cutting-edge design through this state-of-the-art model embodying the contemporary essence of its unique Twist concept
      226 words
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      7 1 List of possible property offerings, Page 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon M’sia identifies major projects to spur growth
      701 2  -  Move to attract US$444b in mostly private investments over next 10 years By PAULINE NG IN THE hope of attracting billions of dollars in private investments to spur economic growth, Malaysia has identified more than a hundred major projects it will implement over
      PHOTO: AP  -  701 words
    • Article, Illustration
      Lock icon Local law firms expand regional footprints
      679 2  -  WongPartnership, for one, will set up office in Beijing By MICHELLE QUAH, GRACE LEONG [SINGAPORE] As a buoyant Asia beckons, local law firms are spreading their wings. WongPartnership has just got the go-ahead from China’s Ministry of Justice to set up a representative office
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    • Article
      Lock icon THREE-MINUTE DIGEST
      453 2 SI A flies the flag for retail bond buyers SINGAPORE Airlines has set aside part of its latest corporate bond offering for retail investors the first listed company to do so. The move also marks a coup for the Singapore Exchange, which has been eager to build interest
      453 words
    • Article
      Lock icon Indian shares near 3-year high on foreign fund flows
      384 4 Analysts see more upside on strong economic growth, corporate profits [MUMBAI] Indian shares yesterday soared to an almost three-year high, crossing the key 20,000-point mark in a sign of confidence in the economy and foreign investor interest in local firms, analysts
      384 words
    • Article
      Lock icon Iata more than triples 2010 profit forecast
      647 4  -  Asia-Pac airlines to star in unexpectedly stronger recovery By VEN SREENIVASAN [SINGAPORE] A stronger-than-expected economic recovery and a sharp pick-up in the global inventory restocking cycle have prompted the International Air Transport Association (Iata) to more than triple its 2010 aviation industry profit
      647 words
    • Article, Illustration
      Lock icon MALAYSIA-S’PORE DEAL LEADS ALL THE WAY HERE
      262 4 [SINGAPORE] The open space right next to Marina Bay MRT station is one of two plum sites which Malaysia will develop once Malayan Railway (KTM) moves out of the Tanjong Pagar railway station by July next year. Singapore will vest this and a
      PHOTO: YEN MENG JIIN  -  262 words
    • Article
      Lock icon Demand from overseas, banks fuel F1 ticket sales
      558 4  -  By SAMUEL SAMUEL EE By SAMUEL EE [SINGAPORE] Overseas visitors and financial institutions are revving up Formula One ticket sales this year. According to race organiser Singapore GP (SGP), 96 per cent of all available tickets have been sold, thanks to the
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    • Article
      Lock icon A roaring, fun weekend ahead
      525 4  -  F1 drivers eager to test track with improvements made in response to their feedback By NISHA RAMCHANDANI [SINGAPORE] With mere days till the flag drops on Friday’s practice session, the Formula One (F1) drivers are gearing up for the Singapore Grand Prix (Sept 24-26). “It’s
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    • Article
      Lock icon Possible launches by June 2011
      388 4 PROJECT DEVELOPER LOCATION TOTAL UNITS TENURE DISTRICT Cheung Kong (Hldgs) Ltd, HK Land, Keppel Land Ltd Allgreen Properties UOL Bukit Sembawang IOI and KSH Holdings Kajima Overseas Asia Pte Ltd Wing Tai Holdings Amara Group Heeton Holdings Wing Tai Holdings Bukit Sembawang Allgreen Properties Bukit
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      263 2 THEMONETAR UTHORITYOFSINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENO APPR XIMATEL YEAR TTOOTTALAMOUNTOFFERED SGD1,600,000,00 MINIMUMDENOMINTION SGD1,00 MAS'INTENDEDTENDERAMOUNT** Nil ISSU CODE N*****0S(Reopene ISINCODE SG7P*****175 ISSU TE/SETTLEMEN TE 11 OCTOBER2010 MATURITY TE* 11 JUL 2015 COUPONRATE 2.875%p.a. YIEL ANDPRIC TTOO BEDETERMINED THE UCTION COUPON YMEN TES* 11 JJANUA AND JUL NEXTCOUPON
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      254 4 CLARIDEN GLOBAL EXECUTIVE EDUCATION INVITATION for Sales Leaders in Asia Strategic Sales Leadership Program 21 22 October, 2010 (Shangri-La Hotel, Singapore) 0 V Dr. John F. Monoky Principal of Monoky Associates, the Former Director of Center for Sales Leadership at University of Michigan's Ross School of Business 25 years of
      254 words
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      5 4 Rupee rides high, Page 13
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Soilbuild receives privatisation offer
      322 6  -  Managing director Lim offering $0.80 a share in cash and $0.42 per warrant By JOYCE HOOI PROPERTY developer Soilbuild Group Holdings has received a privatisation offer of $0.80 a share in cash from Dolphin Acquisitions Pte Ltd, the two companies jointly announced yesterday. Soilbuild’s managing director
      FILE PHOTO  -  322 words
    • Article
      Lock icon Uphill climb for SGX in retail bond trading
      776 6  -  HOCK LOCK SIEW By SIOW LI SEN “IHEARD about it but didn’t know it was tomorrow” and “no client has asked about it”. That was what one remisier said yesterday when told about today’s launch of bond trading for retail clients by
      776 words
    • Article, Illustration
      Lock icon Japan’s tyre maker taking stake in Stamford
      410 7  -  By JOYCE HOOI ONE of Stamford Tyres’ big tyrebrand owners Sumitomo Rubber Industries (SRI) will soon become its shareholder too. Japan’s second-largest tyre manufacturer which makes the Falken brand of tyres that Stamford distributes in Asia and South Africa will take a 1.8
      FILE PHOTO  -  410 words
    • Article, Illustration
      Lock icon People count more than systems in governance
      532 7  -  Cultural differences also affect corporate governance practices By LYNETTE KHOO HAVING the framework, processes and structures in place is not enough to implement good corporate governance, but having the right people counts. The Chartered Institute of Management Accountants (CIMA) drove home this message
      FILE PHOTO  -  532 words
    • Article
      Lock icon JES share price surge prompts SGX query
      527 9  -  Firm points to upbeat analyst report as a possible explanation HOT STOCK By LYNN KAN SHARES of China shipbuilding group JES International Holdings skyrocketed from the opening bell yesterday, prompting an early morning query by the Singapore Exchange (SGX) on the trading activity.
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    • Article
      Lock icon Asia hedge fund assets up 3.9%
      286 9 Recovery seen last year stalls on poor inflows, says report Bloomberg [HONG KONG] Asian hedge-fund assets rose 3.9 per cent to US$137.8 billion in the first half as weak net inflows of capital and flat performance slowed asset recovery, according to AsiaHedge. The region’s
      Bloomberg  -  286 words
    • Article
      Lock icon SunVic bullish about demand, earnings
      410 9 Reuters CHEMICALS firm SunVic Chemical expects third-quarter profit to be similar to about 100 million yuan (S$19.9 million) in the previous quarter and said a new cracking plant could add US$400 million to its revenue next year. The firm hopes for an average selling price
      Reuters  -  410 words
    • COMPANY BRIEFS
      • Article
        Lock icon Freeze on Sino-Env’s China bank account
        95 9 THE judicial managers of Sino-Environment Technology Group said that there is a court order to freeze its China bank account which has $14 million. The company has received notification from the Fuzhou Intermediate People’s Court in China regarding proceedings initiated by its subsidiary, Thumb
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      • Article
        Lock icon ST Aerospace in C130 aircraft redelivery
        74 9 ST Aerospace has announced the redelivery of the first of 10 modernised C130 Hercules transport aircraft to the Republic of Singapore Air Force (RSAF). The aircraft is now equipped with a modernised avionics suite that significantly improves the operational readiness, despatch reliability and operational
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      • Article
        Lock icon MapletreeLog in equity fund raising
        166 9 MAPLETREE Logistics Trust Management Ltd has launched an equity fund raising comprising a private placement of up to 207,317,073 new units and a preferential offering of 164,345,224 new units which will raise gross proceeds of about $170 million and more than $130 million, respectively. New
        166 words
      • Article
        Lock icon Hup Soon Global unit terminates agreement
        82 9 HUP Soon Global Corporation said its Malaysian unit will stop distributing the Mitsubishi brand material handling equipment and parts and after-sales service in Malaysia. The termination was mutually agreed between Hup Soon Industrial Equipment Sdn Bhd and Mitsubishi Caterpillar Forklift Asia Pte Ltd. It
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      1665 6 Communication Design International COMMUNICATION DESIGN INTERNATIONAL LIMITED (Incorporated in Singapore with limited liability) (Co. Reg. No: *****5053Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of COMMUNICATION DESIGN INTERNATIONAL LIMITED (the "Company") will be held at 29 Scotts Road, Singapore *****4 on Friday, 8
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      399 6 o HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCEL WOODLANDS S3a AND HOUGANG SI9 On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of land parcels at Woodgrove Avenue and Upper Serangoon View on a 99-year lease.
      399 words
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      1266 7 EZRA b k> jaf J —MA.#* 1 -FOR-5 RIGHTS ISSUE AT S$1.18 Rights Share per emas m m A 1 Rights Issue to raise S$155.26 million Ezra Holdings Limited ("Ezra"), a leading integrated offshore support solutions provider for the oil and gas industry, is undertaking a fully underwritten and renounceable
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Noble and Jardine push STI higher
      604 8  -  Several brokers issue ‘buy’ calls on Noble group after news of US energy supplier takeover STOCKS R SIVANITHY Senior Correspondent THE Noble group yesterday topped the list of contributors to the Straits Times Index (STI), its rise augmenting that of the Jardine stable to
      Source: Bloomberg  -  604 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Sep 21 VALUE CLOSE BT OB/OS 609.00 -80.0 BT CADI -*****.00 +100.0 BT 10-day MA -*****.00 +61.00 FTSE ST Mid Cap 766.07 +5.56 FTSE ST Small Cap 577.25 +4.89 FTSE ST All Share 766.02 +4.05 FTSE ST China Top 283.17 +0.28 FTSE ST China 318.30 +0.09 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME JES 260,685,000 Genting SP 217,293,000 *Genting HK US$ 160,146,000 Noble Grp 123,774,000 Otto Marine 82,536,000 DMX Tech 73,843,000 Kreuz 72,356,000 Yongnam 66,359,000 Spice i2i 61,864,000 Uni Envtech 56,932,000 VALUE($) Genting SP 458,029,485 Noble Grp 235,110,860 *Genting HK US$ 112,373,513 JES 86,150,610 DBS Grp 54,605,820 UOB 48,018,347
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 4 0 0 0 8 7 4 Manufacturing 72 57 71 3 7 20 75 64 91 Commerce 27 14 28 4 2 3 31 16 31 Tpt/Stor/Comms 22 9 10
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    • BROKERS’ TAKE
      • Article
        Lock icon Noble Group
        572 8 Sept 21 close: S$1.94 DBS Group Research, Sept 21 NOBLE Group announced that it has agreed to acquire Sempra Energy Solutions (SES), a unit of the RBS Sempra Commodities joint venture, from the JV owners Sempra Energy and Royal Bank of Scotland (RBS) for US$317 million in cash
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      • Article
        Lock icon JES International
        496 8  -  Sept 21 close: S$0.36 DBS Group Research, Sept 21 Compiled by CONRAD TAN JES International is one of the top 10 private yards in China by order backlog of US$0.8 billion, comprising 85 per cent bulkers, 14 per cent tankers and one per cent ocean engineering work. After
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,408 27,408 44,908 44,908 Manufacturing 883,044 24,486 907,530 385,023 3,493 388,515 Commerce 219,865 73,259 293,124 298,826 15,133 313,958 Tpt/Stor/Comms 163,211 4,031 167,242 191,717 420 192,137 Finance 55,084 75 55,159 187,357 10 187,367 Construction 178,717 8,505
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.220 +0.040 CapitaLand 3.980 +0.030 CapitaMall 1.990 +0.030 CityDev 11.960 +0.280 ComfortDelGro 1.550 DBS Grp 13.880 F&N 6.200 -0.010 Genting SP 2.120 -0.020 Golden Agri 0.590 HK Land 5.970 -0.030 JMH 46.840 +0.540 JSH 27.060 +0.360 Jardine
      110 words
    • Article, Illustration
      Lock icon Euro rises against $ on debt auctions
      497 8 Euro rises against on debt auctions CURRENCIES [NEW YORK] The euro rose against the US dollar yesterday, helped by solid demand at sales of peripheral euro zone debt, while expectations that the US Federal Reserve may consider additional monetary easing weighed on the greenback. Irish, Greek and Spanish government debt
      BLOOMBERG  -  497 words
    • Article
      Lock icon RISES
      105 8 BY CENTS CLOSE UP DBXT E50 10US$ 3981 406.5 8.3 DBXT Nifty 10US$ ***** 110.6 0.6 JMH 4684 72.0 1.2 DBXT MSAsExJp 10US$ 3069 52.0 1.3 JSH 2706 48.0 1.3 DBXT MSKorea 10US$ 5036 29.3 0.4 CityDev 1196 28.0 2.4 OCC 5.1% NCPS 100 ***** 26.0 0.2 DBXT SPASX200
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ *****-295.1 -1.5 DBXT USDIGInfl 5US$ *****-189.3 -0.6 DBXT FTVietnam 10US$ 3691-116.0 -2.3 DBXT S&P Short 10US$ 5041 -65.3 -1.0 GLD 10US$ ***** -45.3 -0.3 DBXT iBoxxSing 5SG$ ***** -45.0 -0.4 DBXT CSI300 10US$ 947 -34.7 -2.7 Asia Pac Brew 1668 -32.0
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    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Sep 21 CHNG YR 2010 CLOSE FR Sep 20 S$ LOW S$ HIGH US$ 1.3324 0.15 1.4219 1.3324@ Euro 1.7494 -0.11 2.0153 1.6886 Pounds 2.0699 0.42 2.2831 2.0003 A$ 1.2608 0.01 1.2960 1.1515 Yen* 1.5605 -0.18 1.6080 1.4467 Rupiah* 0.***** 0.03 0.***** 0.***** Baht* 4.3350 0.11
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      174 9 I Ja *5 V > Rhythmical Africa. One of the fastest emerging continents is also one of the most diverse. Fortunately, with Emirates' extensive network in Africa, doing business in the region has never been more convenient. Our flights to 19 destinations along with quick transit times connecting through Dubai
      174 words
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  • SINGAPORE NEWS
    • Article
      Lock icon LNG terminal holds expansion potential
      566 10  -  It can be ramped up when future trading, other LNG business opportunities arise By RONNIE LIM SINGAPORE’S LNG terminal can potentially be developed to handle over nine million tonnes per annum (tpa) of liquefied natural gas for domestic consumption alone, EMA chief executive Lawrence Wong
      566 words
    • Article, Illustration
      Lock icon SingTel launches $200m venture fund for start-ups
      717 10  -  By VICTORIA HO By VICTORIA HO IN a shot in the arm for the local IT start-up scene, SingTel has launched a $200 million incubation fund to invest in budding infocomm companies. The telecom giant has set up a subsidiary called Innov8 to
      AFP  -  717 words
    • Article
      Lock icon Chile could be launchpad for investors
      503 10  -  Country has ambitious goals for devt, growth, foreign direct investment: official By MALMINDERJIT SINGH SINGAPORE companies looking for opportunities in Latin America should consider Chile as a launchpad, said a visiting government official. “Chile is a stable and serious country which has lots of
      503 words
    • Article
      Lock icon HDB offers for sale 2 sites for private homes
      591 11  -  One in Hougang, the other in Woodlands; 2 BTO projects also launched By UMA SHANKARI A NEW supply of HDB flats and land for private homes has been released by the government to continue meeting housing demand. The Housing Development Board
      591 words
    • Article, Illustration
      Lock icon Prime retail rents in Orchard Rd stabilise
      759 11  -  Rental gap between Orchard, suburban malls shrinking By KALPANA RASHIWALA THE gap between prime average retail rents at Orchard Road and suburban malls continued to narrow to 6.6 per cent in Q3 2010. This is the smallest spread in 15 years. Figures from
      FILE PHOTO; Source: CB Richard Ellis  -  759 words
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      594 10 INAUGURAL SINGAPORE CORPORATE GOVERNANCE WEEK 2010 "The OECD is highly supportive of the 2nd Asian Investors Corporate Governance Conference and Singapore's Inaugural Corporate Governance Week 2010 and wishes you every success—Investors have a key role in promoting good corporate governance. I hope your meeting will serve to invigorate you in
      594 words
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      60 11 Linklaters Allen Gledhill Celebrating 10 Years of Partnership I J I I Thank You Linklaters Allen Gledhill thanks all our clients and friends for ten years of support. Linklaters Allen Gledhill brings together the Singapore expertise of Allen Gledhill LLP and the global expertise of Linklaters to provide clients premium
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  • ACCOUNTANCY SPOTLIGHT
    • Article, Illustration
      Lock icon Tackling the talent crunch problem
      1568 12  -  The challenge of grooming, retaining quality staff was the hot topic at the recent ACCA annual conference, reports LYNETTE KHOO LYNETTE KHOO JUST imagine: third-class accounting professionals watching over first-class clients. That could well be the scenario in Singapore if the accountancy sector doesn’t up
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    • Article
      Lock icon More training and ‘charming’ on the cards
      414 12  -  BY LYNETTE KHOO ACCOUNTANCY bodies in Singapore are lending a hand to meet the dire training needs of the industry and raise the attractiveness of a career in the sector. ACCA Singapore country head Darryl Wee says ACCA has been working closely with
      414 words
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      64 12 Your growthure is the measureccess of our success ACCA develops its traineeslobally, and members globally,rigorou with the most rigorousraining. and relevant training. Wedividual’s ensure each individual’sent and own development and’re fit make sure they’re fit forhey can business. So they cannisatio help your organisationn use u grow. And then use
      64 words
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      12 12 This is the last of a four-part series brought to you by
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Irish bond auction calms investor nerves
      415 13 [DUBLIN] Ireland’s borrowing costs jumped at a bond auction yesterday, but appetite for its debt was robust enough to lift bond markets. Despite Ireland’s tough austerity measures, investors are demanding higher yields on its bonds because of concern about how much it might cost
      BLOOMBERG  -  415 words
    • Article
      Lock icon Brazil taps sovereign wealth fund to curb currency surge
      521 13 Impact unlikely to last but national debt could run up in the long run: analysts Reuters [SAO PAULO] Brazil’s government authorised the use of its sovereign wealth fund to buy US dollars in the foreign exchange market, as part of an
      Reuters  -  521 words
    • Article
      Lock icon Rupee rides high on US$24b fund inflow
      530 13 It is up 3% this month, more than any currency in Asia except the won Bloomberg [MUMBAI] Confidence in India’s rupee has been growing since May 2009 as global funds pour an unprecedented US$24 billion into the nation’s stocks and bonds. The Indian
      Bloomberg  -  530 words
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      871 13 FIRST RETAIL ISSUE SINGAPORE AIRLINES BONDS > r If the Bonds offered under the Public Offer are oversubscribed, Singapore Airlines ma}/, at its discretion and in consultation with the Co-ordinating Bookrunners, re-allocate up to S$I00,000,000 in aggregate principal amount of Bonds from the Placement to Public Offer to satisfy such
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia won’t rush into offshore ringgit trading
      456 14 Right conditions must be met, move could be in phases: central bank chief Bloomberg [KUALA LUMPUR] Malaysia will not rush into overseas trading in the ringgit until the right conditions are met, central bank governor Zeti Akhtar Aziz said, downplaying the imminence of
      Bloomberg  -  456 words
    • Article
      Lock icon Sime board slammed for not publishing audit
      428 14  -  By S S JAYASANKARAN AT least two influential blogs friendly towards the ruling United Malays National Organisation (Umno) have slammed the board of Sime Darby for not making public the contents of a forensic audit on the firm’s loss-making energy and utilities division.
      428 words
    • Article
      Lock icon Maybank values M’sia Marine at up to RM6.8b
      404 14 Reuters [KUALA LUMPUR] Malaysia Marine and Heavy Engineering Holdings, which is about to kick off its initial stock offering, could be valued at RM5.7 billion-6.8 billion (up to S$2.9 billion), according to a research report from Maybank. Those prices put the per
      Reuters  -  404 words
    • Article
      Lock icon Indonesia to import 450,000 tonnes sugar
      259 14 Reuters [JAKARTA] Indonesia will import 450,000 tonnes of white sugar more than expected for household consumption in early 2011 to anticipate a fall in sugar production, Trade Minister Mari Pangestu said yesterday. The demand may bolster a market already seeing near-record levels for the
      Reuters  -  259 words
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      105 14 si/ Our people can give you insights into the city's treats and traditions, such as festive Ketupat rice parcels I s V J Everything about PARKROYAL Serviced Suites Kuala Lumpur is designed to enhance your local experience. From our modern suites centrally located in the Golden Triangle area, to our
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  • GREATER CHINA
    • Article
      Lock icon Nuclear power company plans big expansion
      354 15 Listing on the cards next year as it plans to spend 800b yuan in the next decade AFP [BEIJING] China’s main nuclear power company plans to invest nearly 800 billion yuan (S$159 billion) to expand its business over the next decade, state media said
      AFP  -  354 words
    • Article, Illustration
      Lock icon New sale for AIG Taiwan unit after bid fails
      406 15 Reuters [TAIPEI] AIG is sure of at least one bidder for its Taiwan Nan Shan Life unit should the company put it back on the market, with Chinatrust Financial reaffirming its interest yesterday after the original buyers pulled out. China Strategic
      Reuters; BLOOMBERG  -  406 words
    • Article
      Lock icon Foreigners seen directing yuan back into China capital markets
      312 15 Reuters [SHANGHAI] Foreigners are set to funnel offshore yuan back into the mainland’s capital markets as China aims to internationalise its currency, but that isn’t a signal to buy fixed-rate interbank bonds or to position for lower market rates. Some market
      Reuters  -  312 words
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      249 15 It is not the degree but the education that matters to me; an education that helps me dream, plan and execute projects for causes that are dear to me. Sudheer N Marisetti President Abacus Concepts Founding Class of PGPMAX IBRBVIAX I GOFURTHER POST GRADUATE PROGRAMME IN MANAGEMENT FOR SENIOR EXECUTIVES
      249 words
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      239 15 Mk \Z V Knee and back patient's talk pain treatment AposTherapy, a non-surgical and drug-free treatment for knee and lower back pain, is now available in the AposTherapy Centre at Camden Medical Centre. The treatment significantly reduces pain and improves joint function for people suffering from osteoarthritis and other conditions.
      239 words
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  • INDIA
    • Article
      Lock icon Coal India gets regulator’s nod for US$3b IPO
      368 16 The biggest share sale ever by an Indian firm expected to open on Oct 18 [MUMBAI] State-run Coal India has received a go-ahead from the markets regulator for its up to US$3 billion initial public offering expected to be the biggest share
      368 words
    • Article, Illustration
      Lock icon Footbridge sinks Delhi Games into deeper mess
      677 16 AFP AP [NEW DELHI] India’s prob-lem-plagued Commonwealth Games took another hit yesterday when a footbridge under construction at the main stadium for the Delhi Commonwealth Games collapsed, injuring up to six labourers, police said. The structure, a steel arch supporting an approximately 50-metre
      AFP; AP  -  677 words
    • Article
      Lock icon Indian networks told to allow BlackBerry access
      326 16 AFP [NEW DELHI] India has told telecom service providers to make sure that security agencies can monitor messages sent on BlackBerry phones through their networks, a domestic mobile phone company executive said on Monday. Telecom operators have a responsibility under Indian law to
      AFP  -  326 words
    • Article
      Lock icon Gitanjali to spend 25m euros on Italian brands
      216 16 Reuters [MUMBAI] Indian jeweller Gitanjali Gems Ltd plans to spend up to 25 million euros (S$43.6 million) to buy five Italian brands to boost sales in Europe and the Middle East, the company’s chairman said yesterday. Mehul Choksi also said that Gitanjali,
      Reuters  -  216 words
    • Article, Illustration
      Lock icon Bharti awards 3G rollout to Nokia, Ericsson, Huawei
      238 16 AFP [NEW DELHI] India’s top mobile firm Bharti Airtel said on Monday that it had awarded contracts to establish its third-generation (3G) networks in the country to Ericsson, Nokia and Huawei Technologies Co. Swedish telecom equipment maker Ericsson, Finland’s Nokia and China’s
      AFP; BLOOMBERG  -  238 words
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      183 16 08/2010 CPA*****0 Everything has changed After more than a year of market volatility, finance, accounting and business professionals are faced with a new landscape. Success depends on you. Experience CPA Congress 2010 the premium global event for strategic business leaders. Navigate the New with… An informative and engaging event where
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  • ASIA-PACIFIC
    • Article
      Lock icon MUFG seeks stake in Asia bank for growth
      436 17 It’s also eyeing 5-7 midsize and 10-20 small US banks for possible acquisitions Reuters [TOKYO] Mitsubishi UFJ Financial Group (MUFG), Japan’s biggest bank by assets, is looking to buy a 15-20 per cent stake in a bank in South Korea, Australia or
      Reuters  -  436 words
    • Article, Illustration
      Lock icon Slower growth seen for NZ after earthquake
      396 17 Reuters [WELLINGTON] New Zealand’s economic growth is seen slowing over the next two years amid an uncertain outlook, slowly rising interest rates and recovery from a major earthquake, a survey showed yesterday. The economy is seen growing 2.8 per cent in the year
      Reuters; AP  -  396 words
    • Article
      Lock icon Aussie iron ore, coal exports to go up
      651 17 Abare noted that iron ore prices, indexed to spot prices on a quarterly basis, were likely to soften next year as Indian supplies bounce back. Reuters [SYDNEY] Australia yesterday raised its forecasts for iron ore and coal exports, predicting that a boost
      Reuters  -  651 words
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      159 17 Managing risk brings peace of mind. BOB TAKAI GM, Global Commodities, Sumitomo Corporation Bob Takai and his team at Sumitomo Corporation manage risk with composure and ease. As one of the world’s largest trading companies, Sumitomo counts on CME Group for access to the widest range of derivatives products available
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Avoid extreme nationalism, Tokyo urges
      425 18 Healthy China-Japan relationship needed for regional growth, it says AFP [TOKYO] Japan, mired in its worst standoff with China in years, warned yesterday that all sides must avoid “extreme nationalism” and stressed the wider region’s need for Asia’s two biggest powers to get along. China
      AFP; REUTERS  -  425 words
    • Article, Illustration
      Lock icon HP truce clears way for Hurd’s Oracle job
      597 18 He gives up US$14m in HP stock awarded in severance pact [SAN FRANCISCO] Hewlett-Packard Co’s settlement with ousted CEO Mark Hurd clears the way for him to lead Oracle Corp in its push to take business from his former employer. The deal
      597 words
    • Article
      Lock icon No bond control measures yet: BOT
      399 18 Reuters [BANGKOK] The Bank of Thailand (BOT) said yesterday that it had no plans for extra measures to curb bond market inflows, which have helped turn the baht into one of Asia’s fast-est-rising currencies this year. Central bank governor Tarisa Watanagase said existing tools
      Reuters  -  399 words
    • Article, Illustration
      Lock icon Signs point to housing market hitting bottom
      521 19 Housing starts in August rose 10.5%, the largest increase since November LATEST US DATA Reuters [WASHINGTON] US residential construction rose more than expected in August to a four-month high, suggesting the embattled housing market was starting to stabilise following the end of a
      Reuters; AFP  -  521 words
    • Article, Illustration
      Lock icon Yen will hit record in 2010: Sakakibara
      579 19 Latest intervention won’t change trend, adds ‘Mr Yen’ Bloomberg [TOKYO] Japan’s intervention in currency markets won’t stop the yen from reaching a record in 2010, and further attempts to stem gains against the dollar risk criticism from the United States, said Eisuke Sakakibara,
      Bloomberg  -  579 words
    • Article
      Lock icon Yuan rally goes into its ninth day
      358 19 Reuters [HONG KONG] The yuan extended a rally yesterday to nine days, rising the most in that period since January 2008 following strong criticism from US President Barack Obama about China’s currency policy. Active trading in offshore yuan forwards focused on near-term tenors
      Reuters  -  358 words
    • Article
      Lock icon Obama denies empathy criticism
      348 19 AFP [WASHINGTON] President Barack Obama dismissed suggestions on Monday that his cerebral style and exotic background made it tough for him to empathise with the economic fears of heartland Americans. Mr Obama’s critics have frequently argued that his intellectual and academic leadership style or his upbringing
      AFP  -  348 words
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      1098 18 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg nI n In ttheMatter TheCompaniesAct,Cap.50 And nI n In ttheMatter RHEMAINFORMTIO SYTEM PTE (InMember oluntar Liquidation) (Co. eg.No. *****29M) NNOOTICEOFFINALMEETIN NNOOTICE HEREB GIVENhatpursuant ot o to Section 308 he Companies Act, Cap. 50, he Final Meeting he
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      202 18 ANNEX INTHEMATEROFTHE OMPANIES AACCTT,,CAP50ANDINTHEMATEROF AENEASCAPITALADVISORS (SINGAPOR PTE. C( C (Compan RegistrationNo 2007-*****-K) (Incorpor ed theRepublic Singapor (In embers oluntar Liquidation) NOTICEOFFINALMEETING NOTICE hereb giventhatpursuant ttoo SSeecction 308(2) the ompanies AAcctt,, CCap50,thatthe inal eeting the aboenamed ompan will be held 80Sout Bridge Road 03-0 Singapor *****0 on the 23r da fo
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      27 18 Lianhe Zaobao Putting an end to "numbers game Sichuan the first province to drop GDP as rating criterion wmmm% To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      152 19 TWI WINE DINE AND HOSPITALITY THE GOURMET FAST LANE Set your pulse racing with 0 at Claymore's gourmet formula in the month of September. Bite into thick, juicy patties complemented with special ingredients and sandwiched between fluffy, golden buns. Choose from four tasty burgers: the Wagyu Beef Burger, the Tasmanian
      152 words
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      67 19 located at Level 4 Food for your soul Zenden's creative menu and contemporary cuisine is inspired by the arts memorable, provocative, always inventive. Feed your soul at our lunch buffet offer at $23 per person or have our one-for-one dinner main course. Call us now on 6849 8686 for reservations.
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  • EDITORIAL & OPINION
    • Article
      Lock icon Good momentum in S’pore-Russia links
      487 20 EDITORIAL AMONG the emerging economies touted as the most promising the so-called BRIC grouping, comprising Brazil, Russia, India and China the focus of Singapore businesses has been overwhelmingly on the latter two. This is understandable, given the legacy of historical and cultural links, as well
      487 words
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      Lock icon HK must prick property bubble before it’s too late
      847 20  -  THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own. This article is written with assistance from Kelvin Wong in Hong Kong IN a world of zero interest rates, some things are
      847 words
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      Lock icon Doubts linger if US fiscal system serves as a model
      1097 20  -  In hindsight, eurozone’s criticised fiscal uniformity could prove to be more effective By JOERGEN OERSTROEM MOELLER Joergen Oerstroem Moeller is visiting senior research fellow, Institute of Southeast Asian Studies, Singapore and adjunct professor, Singapore Management University Copenhagen Business school IT
      AFP  -  1,097 words
    • Article, Illustration
      Lock icon Going way beyond the Palin
      1152 21  -  Is the radical right taking over the Republican Party and making things easier for the Democrats in November? LEON HADAR Washington Correspondent KARL Rove, the legendary political strategist who helped George W Bush get elected president twice he is AKA Bush’s Brain is one of
      AP  -  1,152 words
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      Lock icon Handling deferred taxes on fair-value gains
      726 21  -  By CHOO ENG BENG,KOK MOI LRE Choo Eng Beng is partner and Real Estate and Hospitality leader, and Kok Moi Lre is partner, Accounting Consulting Services at PricewaterhouseCoopers THE Singapore government has recently introduced new measures to cool the property market. Property investors are
      STOCK.XCHNG  -  726 words
    • Article
      Lock icon Russia has promise and is resolving its problems
      445 21  -  LETTER TO THE EDITOR A Rozhkov Ambassador of the Russian Federation I RARELY find it necessary to comment on Russia-related articles, but this time it is different. The article “Russia’s Pseudo Modernity” (BT, Sept 18) by Jason Bush, is in my view,
      445 words
    • Article
      Lock icon No intention to wind up TTI: OCBC
      232 21  -  Koh Ching Ching Head, group corporate communications OCBC Bank WE refer to the Hock Lock Siew column “Fate of TTI hangs on re-vote” (BT, Sept 20). We write to clarify OCBC Bank’s position with regard to TT International Ltd’s (TTI) Proposed Scheme of
      232 words
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  • Transport HUB
    • Article
      Lock icon Going green ahead of schedule
      729 22  -  Progress on environmental issues can be made via cooperation, not just legislation STRAIT TALK By DAVID HUGHES SOMETIMES, it can seem that debates on environmental issues affecting shipping are really only the concern of the European countries, the US and a few others. In fact,
      729 words
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      Lock icon Asia demand seen boosting tanker rates
      477 22 Market expected to rebound from last week’s 2010 lows Reuters [SINGAPORE] Freight rates for crude tankers on key Asian routes may rebound slightly from last week’s 2010 lows on expectations that Asian demand will pick up next month, traders and analysts said yesterday. In
      Reuters; BLOOMBERG FILE PHOTO  -  477 words
    • Article
      Lock icon Baltic index drops to one-month low
      450 22 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell on Monday but firmer freight derivatives contract buying was providing some support to the market. The index, which gauges the cost of shipping commodities including iron ore,
      Reuters  -  450 words
    • Article
      Lock icon Seafarers take centre stage
      843 22  -  By MARY LIEW The writer is the executive secretary of the Singapore Maritime Officers’ Union (SMOU) THE captain peers through his weathered binoculars. He spots the city lights in the distance and breaks into a quiet smile, a silent fulfilment knowing he has safely brought his
      843 words
    • Article
      Lock icon Iraq gets maritime fleet since US-led invasion
      292 22 Reuters [BAGHDAD] Iraq’s state sea transport company signed a five-year contract with Global Refinery of Switzerland on Monday to jointly operate 66 ships, Iraqi officials and the Swiss firm said. The deal gives Iraq its first maritime fleet since the start of the
      Reuters  -  292 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 22 SGX '000 Sep 21 S$ +/-Vol CH Offshore 0.54 0.02 1682 Chuan Hup Hldg 0.26 unch 177 Cosco Corp 1.73 0.02 ***** CWT Ltd 1.00 -0.02 518 Ezra Hldgs 1.84 0.01 5851 First Ship Lea 0.42 -0.01 1161 Freight Links 0.06 -0.01 3737 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon NTU, Iata to run joint training programmes
        416 23  -  By VEN SREENIVASAN NANYANG Technological University (NTU) and the International Air Transport Association (Iata) have signed a memorandum of understanding to collaborate on developing and upgrading of human capital for the global aviation industry. The MOU was signed by NTU president Su Guaning
        416 words
      • Article, Illustration
        Lock icon Politics stains Air Force plane tender: senator
        825 23 EADS backer claims govt out to award US$50b refuelling plane deal to Boeing [WASHINGTON] A top Republican senator on Monday launched a fresh attack on what he called the Obama administration’s injection of politics into a projected US$50 billion competition between Boeing and
        REUTERS  -  825 words
      • Article, Illustration
        Lock icon Changi is the best, say travellers in UK, US, Asia
        440 23  -  By VEN SREENIVASAN SINGAPORE Changi Airport has clinched six more “Best Airport” awards in the months of August and September this year. For the 23rd year running, readers of leading travel publication Business Traveller (UK) have named Changi Airport the
        BLOOMBERG FILE PHOTO  -  440 words
      • Article
        Lock icon AirAsia to offer KL-Tokyo service for US$58
        280 23 Reuters [TOKYO] Malaysia’s AirAsia, the first international budget carrier to fly to Tokyo’s Haneda airport, plans to kick off service with US$58 flights between Tokyo and Kuala Lumpur and said it could expand to three more Japanese airports. The 5,000 yen (S$78) flights
        Reuters  -  280 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3002 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 --SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
        3,002 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon SAIC may take slice of GM share sale
        525 24 US Treasury: IPO will be open to retail, institutional and overseas investors [SHANGHAI] SAIC Motor Corp said that it may invest in the initial public offering of partner General Motors Co, cementing ties between the biggest US and Chinese carmakers. China’s largest
        BLOOMBERG  -  525 words
      • Article, Illustration
        Lock icon Ital Auto opens Ferrari Store at Sands
        382 24  -  It offers Ferrari and Formula One fans lifestyle products By SAMUEL EE [SINGAPORE] Ferrari distributor Ital Auto has opened a Ferrari Store at Marina Bay Sands the 38th such retail outlet worldwide featuring merchandise by the Italian sports car maker. The Prancing Horse
        382 words
      • Article
        Lock icon China alleges bribery, fines Toyota arm
        295 24 AP [SHANGHAI] Authorities in eastern China say they have fined Japanese automaker Toyota Motor Corp’s finance unit for giving bribes to car dealers a charge the company is disputing. The accusation comes at a time of rising tensions between China and Japan and amid
        AP  -  295 words
      • Article, Illustration
        Lock icon World truck market seen growing over 50% by 2015
        313 24 Reuters [HANOVER, Germany] The global market for commercial trucks will grow by more than half by 2015, a senior executive at Daimler, the world’s largest lorry manufacturer said on Monday. Ahead of a key industry trade fair this week, Daimler Trucks
        Reuters; BLOOMBERG FILE PHOTO  -  313 words
      • Article
        Lock icon Proton launches sports car in Indonesia
        181 24 Bernama [JAKARTA] Malaysian national carmaker, Proton, introduced Satria Neo CPS, featuring a sporty facelift and speed performance on par with a sports car to Indonesian sports car fans on Monday. It aims to sell 30 units of the sporty model in the last three
        Bernama  -  181 words
      • Article
        Lock icon Rolls-Royce plans Ghost-line expansion
        399 24 Bloomberg [BERLIN] Rolls-Royce Motor Cars Ltd plans to expand the US$245,000 Ghost model line that went on sale last year as Bayerische Motoren Werke AG’s ultra-luxury nameplate aims to double sales in 2010. “I’m quite confident that we’re going to see a Ghost derivative to come,”
        Bloomberg  -  399 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      341 23 CRYPTIC CROSSWORD Across 1 Evidence of termites in all the ground after last of maple leaves (3-4) 5 Smear something on a wound? (7) 9 In essence, hard boring task (5) 10 Cause of wetness? We’re told to check sinks (9) 11 What the elderly often have to suffer (10)
      341 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9102 25 Transaction date: Sep 21 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 20.5 +1 503 20.5 20 20 20.5 1.7 8.8 6.6 98.2 12 5 5834
      9,102 words
    • Article
      Lock icon SGX CATALIST
      1718 26 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 174 +6 10 174 168 174
      1,718 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9378 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.23/ APS Alpha Fund (USD)!** 0.92/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,378 words
    • Article
      Lock icon SGX ETF
      817 26 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 $mil 124 107 6389 ABF SG Bond ETF 118cd 112 118 538.6 979 755 CIMBAsean40 100US$ US973 968 977 38.9 316 261 DBS STI ETF
      817 words
    • Article
      Lock icon CLOB INTERNATIONAL
      254 26 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 $mil 56 36.5 6000 AVJennings A47.5 48 50 3.6 7.4 3.8 123.7 55 16 6017 Genting HK US$ US52.5 -1 *****6 54.5 51.5 52.5 53
      254 words
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      66 25 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 20 Index Change Change Change Change Change Change World Index Preliminary 835.0 1.0 0.3 0.9 -5.0 1.1 0.0 EAFE Preliminary 771.9 1.0 -1.6 1.0 -7.4 1.2 -2.5 Europe Preliminary 1131.9 1.5
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 27 Sep 21 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/4 US$ Offer Bid 7 days 0.34 0.24 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.68 0.48 9 months 0.85 0.65 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Sep 21 S$ Bid Offer 1-month 1.3330 1.3340 2-months 1.3330 1.3341 3-months 1.3330 1.3340 6-months 1.3330 1.3342 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Sep 21 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2500 1.2880 Can dollar 1.2870 1.3030 Euro 1.7330 1.7530 NZ dollar 0.9630 0.9850 Sterling pound 2.0630 2.0870 US dollar 1.3260 1.3410 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Sep 21 Open High Sett STI Sep 3093 SIMSCI Sep 362.3 365.0 362.8 Taiwan Sep 290.0 292.1 290.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 27 Sep 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 10 2767 2772 2765 2732 572 3507 Nov 10 2711 2720 2715 2676 2442 ***** Dec 10 2708 2708 2709 2664 7152 ***** Jan 11 2708 2707
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      427 27 Sep 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6100 0 7448 Mar11 99.5450 0 2666 Jun11 99.4550 0 1944 Sep11 99.3500 0 586 EUROYEN TIBOR FUTURES Dec10 99.6850 99.6850 99.6850 99.6850 100 2820 Mar11 99.7025 0 1516 Jun11 99.7175 0 3150 Sep11 99.7150 0
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    • Article
      Lock icon SICOM FUTURES
      146 27 Sep 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 354.0 350.0 354.0 9 Nov 10 354.0 Dec 10 354.0 354.0 354.0 8 Jan 11 353.5 353.5 353.5 10 Feb 11 352.0 352.0 352.0 12 Mar 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 27 Sep 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 23.12.2010 0.30 0.26 0.26 1-Year BY*****W 03.05.2011 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.12 104.16 104.14 5-Year N*****0N 1.375 01.10.2014 102.76
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    • Article
      Lock icon CHICAGO BOT
      105 27 Sep 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1084.50 1069.00 1099.50 1068.25 Jan 11 1094.50 1078.25 1109.50 1078.00 Mar 11 1102.00 1084.75 1116.75 1084.25 May 11 1104.75 1088.25 1117.25 1088.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 42.65 41.91 42.86
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Sep 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.52 2.03 WTI (Near Mth) 74.70 1.11 Dubai (1-Mth F) 75.87 -1.01 Tapis blend 84.15 -1.05 Minas 78.05 -1.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.50 -0.22 Jet Kerosene 88.49 -0.18 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2357 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aero W*****0 2.5 unch 103 1 3 -8 2.40 3 6221 Asia-Pacific Strat W*****6 39 6 11 1 150 9 4.46 44 6227 ASJ Hldgs W*****1 2.5
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Sep 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 6.346 0.723 7.348 43.343 84.891 0.809 10.991 2.935 1.300 81.361 41.658 1.262 6.733 0.950 30.059 29.130 0.610 0.947 Canada 1.025 6.508
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    • Article
      Lock icon SIBOR
      85 27 Sep 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Sep 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2613 1.2629 0.9463 0.9468 Canadian dollar 1.2933 1.2953 0.9703 0.9711 Euro 1.7445 1.7463 1.3088 1.3092 NZ dollar 0.9702 0.9717 0.7279 0.7285 Sterling pound 2.0665 2.0687 1.5504 1.5509
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    • Article
      Lock icon PRECIOUS METALS
      138 27 Sep 21 GOLD (US$/oz) Sep 20 Sep 21 Hong Kong 1280.60 1277.90 Sep 17 Sep 20 London 1276.40 1282.30 1277.15 1282.70 Source: Thomson Reuters CAST BAR Sep 21 (S$) Selling Buying Kilobar 58,772.96 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132 55 5gm 374 274 10gm 668
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    • Article
      Lock icon LONDON METALS
      71 27 Sep 20 Sep 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2164.25 2151.55 3 months 2195.00 2180.00 Copper, Grade A (US$/tonne) Cash 7703.50 7711.00 3 months 7715.00 7720.00 Lead (US$/tonne) Cash 2165.75 2174.25 3 months 2195.00 2202.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 27 Sep 20 COCOA (£/tonne) Close Prev High/Low Dec 10 1865 1884 1893/1862 Mar 11 1880 1900 1908/1877 May 11 1895 1915 1921/1893 Jul 11 1905 1924 1912/1906 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1645 1660 1649/1648 Nov 10 1654 1669 1675/1646 Jan 11 1682 1695 1699/1674 Mar 11
      82 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5733 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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      Lock icon Page 29 Advertisements Column 1
      29 29 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      29 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      32 30 LGT-Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com www.lgt.com Singapore, Hong Kong and 27 other locations worldwide. Wealth Management
      32 words
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      1013 30 B6AT3 "vnr^Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES PASSION HOLDINGS LIMITED Company Registration No. *****0355E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Passion Holdings Limited (“the Company”) will be held at Suntec Singapore International Convention Exhibition
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      181 31 J UCLA ipus y of Singapore Executive MBA This busy HR Director travels extensively yet is able to achieve Two World-Class MBAs in 15 Months. Derek Miller Class of 2011 Human Resources Director Amgen Inc., California, USA One-of-a-Kind Format 6 sessions 2 weeks each Every 3 months Ideal for frequent
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      66 32 The art of accurate advice. At LGT, your personal private banker provides you with a state of the art investment platform and unbiased recommendations: Simple. Understandable. Effective. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com $25\
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      341 32 The Business Times HP Innovation Forum £RROM TECIMOIOGY Business innoYfiTion§ Wednesday G October, 2010 9am to 1.30pm Shangri-La Hotel Banyan Room 22 Orange Grove Road, Singapore Free admission Register atwww.asiaone.com/btinnovation Closing date is 30 September 2010. As seats are limited, Njilf only successful registrants will be notified by 1 October
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      217 33 Offi ehouseSpac Offi spac 8000 *****sq LLooca 11BedokNorth WWaarrehouse 40,000 80,000+sq Hea oorloading up 20KN/m2 HHigh eiling up 10m FFoorr leasingenquiries: CCAALL*****497ro r or*****500 B ACADEMY FINANCE] GLOBAL RESOURCES INVESTING 19 October 2010, Singapore, Hotel Ritz-Carlton Millenia How can investors profit from volatile metals markets? Is gold about to peak,
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  • executive Money
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      973 34 Despite the bumpy road ahead for the US economy, a look at stocks and bonds suggests a somewhat smoother ride NYT IF the financial markets predict economic health several months down the road, a quick survey of recent stock and bond performance seems to
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      659 30 Hard economic times have tilted the field in favour of those who are attracted to payouts Bloomberg HIGH technology historically has meant low dividends, or no dividends, for investors. Dividends were for old geezers who bought utility stocks. Hot-shot computer, software and Internet search companies
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      949 31 They are responding to the economic environment by managing their money conservatively Few believe the economy is recovering, with only one in six of those surveyed describing it as expanding, according to a global quarterly poll. Bloomberg THREE out of five global investors say the
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      859 32  -  ‘Hindcast’ is an apt description for economists who mark down forecasts as growth indicators start to sputter Caroline Baum Caroline Baum, author of ‘Just What I Said’, is a Bloomberg News columnist JOHN Maynard Keynes once said that “when the facts change, I change
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      87 34 Never invest in anything without the right signature. In today's investment environment one signature stands out as a sign of trust, reliability and performance J.P. Morgan. Ask for our funds by name when you next talk to your investment advisor. Asset Management www.jpmorganam.com.sg Investors should note that any investment is
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