The Business Times, 28 September 2010
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2010-09-28
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The Business Times
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Title Section23 2010-09-28 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, September 28,201023 words
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1001 2010-09-28 1 CONRAD TAN - 50% jump in public equity stakes over past few months; private equity investments also set to rise By CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corp (GIC) will invest a much bigger portion of its vast portfolio in emerging markets, especially Asia,1,001 words
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Article, Illustration500 2010-09-28 1 SIOW LI SEN - Bank will spend $1.5b, 80% of that on rental, over the next 10 years By SIOW LI SEN [SINGAPORE] DBS Group will spend $1.5 billion over the next 10 years on new offices. A big part of this centresPHOTO: AZIZ HUSSIN/ THE STRAITS TIMES - 500 words
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Article141 2010-09-28 1 ST INDEX 3,113.46 (+20.78) ST INDEX FUTURES 3,114 (+21) SIMSCI 366.44 (+1.87) SIMSCI FUTURES 367.30 (+3.20) FOREX US$ S$ US$ (S$ per US$) 1.322 (US$/S$ per 1.582 2.091 EURO (US$/S$/E) 1.346 1.779 Foreign currency per US$ S$ YEN 84.20 63.70 RM 3.089 2.337 HK$ 7.758 5.869 BAHT 30.56141 words
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Page 1 Advertisements
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Advertisement306 2010-09-28 1 DR BALAJI Colleagues mourn minister’s death SME INC Brewing local brand names INDIA PORTS MARITIME Big plans and investment strategies PAGES PAGE 10 PAGE 2 ;i; si "f I m mhi h t» J 9*SES I -> f. <W»* *< m i*u. Cb LG HUBLOT I RW -i m ■L306 words
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Advertisement9 2010-09-28 1 GIC prepared to stay with Citi, UBS, Page 49 words
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TOP STORIES
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Article, Illustration749 2010-09-28 2 [SINGAPORE] Senior Minister of State for Foreign Affairs Balaji Sadasivan died early yesterday morning. It is believed Dr Balaji, who was 55, suffered a relapse of cancer. He had been in and out of hospital recently. In a condolence letter to Dr Balaji’s wife Ma Swan749 words
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704 2010-09-28 2 LYNETTE KHOO - Global Logistics offering shares at indicative range of $1.78-$1.96 per share By LYNETTE KHOO [SINGAPORE] Global Logistics Properties (GLP), a unit of the Government of Singapore Investment Corporation (GIC), is launching an initial public offering (IPO) of up to $3.9704 words
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412 2010-09-28 2 Foreign investor interest amid IPO flurry boosts sentiments Reuters [MUMBAI] The Indian rupee breached the 45-per-dollar mark to reach a new four-and-half-month high yesterday, as large foreign investor interest in the domestic stock market amid a clutch of initial public offerings (IPOs) boosted sentiment. TheReuters - 412 words
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Article473 2010-09-28 2 GIC cranks up investments in emerging markets THE Government of Singapore Investment Corp will invest a much bigger portion of its vast portfolio in emerging markets, especially Asia, after a major review of its investment policy earlier this year concluded that it was the smart thing to do,473 words
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416 2010-09-28 4 LYNN KAN - By LYNN KAN [SINGAPORE] The Singapore Exchange (SGX) might see some Russian listings in the coming year as Russia is increasingly looking eastward to Singapore and Hong Kong. Giedrius Pukas, managing partner of Quadro Capital Management, told the local media on the416 words
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Article, Illustration560 2010-09-28 4 Two nations test each other’s diplomatic resolve over boat incident AP [TOKYO] Tension between China and Japan bumped back up a notch yesterday as Tokyo asked Beijing to pay for damages to patrol boats hit by a Chinese fishing vessel in disputed waters, countering China’s demand forAP - 560 words
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493 2010-09-28 4 CONRAD TAN - By CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corp (GIC) isn’t in a hurry to sell its shares in Citigroup or UBS, as it believes the worst is over for both banks, group chief investment officer Ng Kok Song said yesterday. GIC493 words
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416 2010-09-28 4 Two rival platforms to launch offshore yuan trading Reuters [SHANGHAI] The yuan extended a rally yesterday even though the Chinese central bank lowered its mid-point after nine days of stronger fixings in the face of growing US pressure to let the currency riseReuters - 416 words
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A special series brought to you by Bursa Malaysia and ShareInvestor
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Article, Illustration663 2010-09-28 4 Hartalega set to expand on superior cost efficiency Synthetics are in, the current emphasis on nitrile gloves placing glovemaker Hartalega Holdings in a sweet spot, an anticipated excess in total output notwithstanding. One of the world’s lowest cost producers of nitrilegloves,Hartalega’snet margins are in excess of 25663 words
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313 2010-09-28 4 Reuters [SINGAPORE] Gold powered to an all-time high at US$1,300 an ounce yesterday as worries about the health of the global economy spurred buying, with top consumer India also defying high prices during the festive season. Silver, often considered the poorReuters - 313 words
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Advertisement399 2010-09-28 2 E«l„ fecial lares fjy ft ft ft Book today ana.c0m.s9 to enjoy amazing value with our all-inclusive fares! Fares from Singapore To Japan: Tokyo (Narita) Fares: Travel period from 01 Oct '10-31 Mar '11 Tokyo (Haneda) Fares: Travel period from 31 Oct -16 Nov '10 Minimum 2 to GO! Must399 words
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Advertisement59 2010-09-28 3 Wealth Management Asset Management Investment Funds Custody Investor Services The expertise is local The network is global The independence is non-negotiable i ri M m mm* iSSt Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo59 words
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Advertisement16 2010-09-28 4 Fresh economic and business ties, Page 9 Asian wave starts in Russia’s Silicon Valley, Page 916 words
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COMPANY NEWS
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726 2010-09-28 5 LYNETTE KHOO - Proxy advisory firm for institutional investors aims to raise headcount, add more clients in Asia By LYNETTE KHOO WHILE Singapore has not flung open the doors for fund managers to enter shareholders meetings yet, one proxy advisory firm expects this will change with726 words
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Article, Illustration679 2010-09-28 5 SIOW LI SEN - DBS splurges but it’s not just a real estate story HOCK LOCK SIEW By SIOW LI SEN SO IT’S finally out: the rent that DBS will pay for its new 700,000 square foot headquarters at Marina Bay Financial Centre (MBFC). Okay, not exactly, but property observers can now do someAP - 679 words
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Article, Illustration257 2010-09-28 6 IN conjunction with its Inaugural Corporate Governance Week from Oct 4-8, the Securities Investors Association (Singapore) is calling on listed companies here to make a public statement. The statement, which will be published in The Business Times, reads: “As a company we are committed to257 words
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Article333 2010-09-28 6 JAMIE LEE - Exchange to launch world’s first global futures contract of the commodity By JAMIE LEE SINGAPORE Mercantile Exchange (SMX) will launch the world’s first international black pepper futures contract. And it has edged into the Vietnamese pepper market, sealing a deal with that country’s333 words
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Article, Illustration388 2010-09-28 6 Reuters DMX Technologies is riding high on its expansion in China’s digital media market, benefiting from the Chinese government’s move to force cable operators to switch from analogue to digital content by 2015. The technology firm that offers software solutions to cableReuters - 388 words
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334 2010-09-28 6 RONNIE LIM - By RONNIE LIM CHINESE oil giant PetroChina, which now owns Singapore Petroleum Company (SPC), is keeping fuel oil reserves for Tuas Power (TP), now owned by China Huaneng, sources say. And cooperation is also likely to be extended to other areas here, including334 words
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Article, Illustration473 2010-09-28 7 VEN SREENIVASAN - A-Sonic Aviation Training will initially take in about 60 technical trainees By VEN SREENIVASAN MAINBOARD-LISTED A-Sonic Aerospace has obtained the approval of the Civil Aviation Authority of Singapore (CAAS) to set up a school to train aerospace engineers and technicians. The CAAS473 words
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Article141 2010-09-28 7 STARHUB CEO Neil Montefiore and SingTel group CEO Chua Sock Koong have been named among the 100 most powerful people in the telecoms industry globally. They were nominated by readers of UK trade magazine Global Telecoms Business. It is the first time Mr Montefiore141 words
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225 2010-09-28 7 JAMIE LEE - By JAMIE LEE OVERSEAS Union Enterprise (OUE) said yesterday it has secured a syndicated loan facility of up to $750 million. This came after OUE said in August that its purchase of DBS Towers One and Two for $870.5 million the largest commercial property225 words
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245 2010-09-28 7 JAMIE LEE - By JAMIE LEE CIMB Bank opened its second branch here yesterday its first on Orchard Road as it sets its sights on affluent customers based in the region. The Malaysian bank has been looking to boost its retail banking in Singapore for245 words
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181 2010-09-28 7 Bloomberg NOBLE Group Ltd, which counts China’s sovereign wealth fund as a shareholder, plans to expand into supplies of nuclear fuel to meet rising demand from China and India, its executive chairman said. The company bought a 5.1 per cent stake inBloomberg - 181 words
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203 2010-09-28 7 DARCO Water Technologies Ltd, a provider of integrated engineering and water treatment solutions, has secured a RM27 million (S$11.6 million) industrial water project in Malaysia. The contract is to build a combined integrated solutions package for pure water production, chemical delivery, wastewater detoxification, and203 words
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Advertisement98 2010-09-28 5 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers98 words
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Advertisement100 2010-09-28 6 The world's biggest electronics event 00; 0 §f rOGfr k «»HODC Hong Kong Electronics Fair (Autumn Edition) 13-16 October 2010 Hong Kong Convention and Exhibition Centre Prime downtown location Over 2,800 quality exhibitors from 25 countries and regions Themed zone highlights: Hall of Fame, In-Vehicle Electronics Navigation Systems and Technology100 words
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Advertisement223 2010-09-28 6 a CONTINUING EDUCATION TRAINING host of opportunities I i rV n The Finer Things in Life Founded in 1969 and headquartered in London, the Wine Spirit Education Trust (WSET) is regarded as the world's leading provider of wine education. The courses given by WSET are intended for people in the223 words
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Advertisement42 2010-09-28 7 www.pwc.com/sg Delivering the value you are lookingfor Understanding what you value is critical to us building long-term, sustainable relationships and contributing to your success. At PwC, we work to create the value our clients, our people and our communities are looking for.42 words
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SINGAPORE MARKETS
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Article, Illustration590 2010-09-28 8 R SIVANITHY - Gains in HK Land, Jardine Matheson, Jardine Strategic and Cycle Carriage add about 10 points to the index, accounting for half the final gain STOCKS R SIVANITHY Senior Correspondent WALL Street rose on Friday and with Hong Kong’s Hang Seng Index gaining strongly yesterday,Source: Bloomberg - 590 words
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Article186 2010-09-28 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 6 0 0 0 6 3 6 Manufacturing 70 63 78 8 9 20 78 72 98 Commerce 29 14 32 4 4 6 33 18 38 Tpt/Stor/Comms 19 9 15186 words
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Article121 2010-09-28 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,205 41,205 85,567 85,567 Manufacturing 851,585 43,683 895,268 445,919 6,363 452,282 Commerce 153,310 44,843 198,153 133,887 10,686 144,574 Tpt/Stor/Comms 132,764 3,465 136,229 212,378 555 212,933 Finance 31,853 30 31,883 287,620 4 287,624 Construction 84,527 12,057121 words
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Article113 2010-09-28 8 Stock name Close Change CapMallsAsia 2.200 +0.010 CapitaLand 4.090 +0.040 CapitaMall 2.020 -0.030 CityDev 12.440 +0.340 ComfortDelGro 1.550 DBS Grp 14.220 +0.140 F&N 6.220 +0.020 Genting SP 2.020 +0.010 Golden Agri 0.565 -0.015 HK Land 6.200 +0.190 JMH 45.700 +0.320 JSH 27.160 +0.580 Jardine C&C 39.200113 words
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Article66 2010-09-28 8 Sep 27 VALUE CLOSE BT OB/OS 504.00 -47.00 BT CADI -*****.00 +78.00 BT 10-day MA -*****.00 +50.00 FTSE ST Mid Cap 775.21 +5.06 FTSE ST Small Cap 580.60 +0.83 FTSE ST All Share 771.21 +4.89 FTSE ST China Top 286.62 +1.62 FTSE ST China 319.11 +1.25 FTSE66 words
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Article57 2010-09-28 8 VOLUME JiutianC 107,553,000 Informatics 98,278,000 ChinaGaoxian 95,667,000 *Genting HK US$ 83,902,000 Genting SP 78,977,000 Golden Agri 63,967,000 GuangzhaoIFB 60,137,000 ChinaNTown 55,366,000 JES 49,674,000 NetPac W*****1 49,000,000 VALUE($) Genting SP 160,843,760 Wilmar 90,405,141 SGX 89,943,210 CapitaLand 74,647,480 DBS Grp 74,557,380 Cosco Corp 73,473,960 UOB 67,059,184 Keppel Corp 62,122,45057 words
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Article, Illustration502 2010-09-28 8 CURRENCIES Reuters [LONDON] The euro fell against the US dollar yesterday, extending earlier losses, as ratings firm Moody’s cut Anglo Irish Bank’s debt and kept it on review for downgrade, highlighting concerns over the eurozone banking sector. “The Moody’s downgrade was moderately significant asReuters; AP - 502 words
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Article112 2010-09-28 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 247.2 1.4 Lyxor MS India 10US$ 1814 182.4 8.2 DBXT MSKorea 10US$ 5140 116.3 1.7 Jardine C&C 3920 114.0 3.0 SGX.ES.1009 910 89.0 10.8 JSH 2716 76.7 2.2 DBXT MSAsExJp 10US$ 3134 68.7 1.7 DBXT FTChina25 10US$ 3110 62.1 1.5 STXPO112 words
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Article122 2010-09-28 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5015-105.7 -1.6 DBXT FTVietnam 10US$ 3638 -48.9 -1.0 ShangriLa Asia 1680 -15.7 -5.2 DairyFarm 790 -11.9 -1.1 OCC 5.1% NCPS 100 ***** -10.0 -0.1 Thai Prime Fd 930 -9.3 -0.7 APStrategic 161 -9.0 -5.3 Wilmar 608 -9.0 -1.5 GentingSBNPeCW*****7 50.5 -6.0122 words
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Article86 2010-09-28 8 Where S$ stands Sep 27 CHNG YR 2010 CLOSE FR Sep 24 S$ LOW S$ HIGH US$ 1.3224 0.29 1.4219 1.3224@ Euro 1.7767 -0.16 2.0153 1.6886 Pounds 2.0884 -0.38 2.2831 2.0003 A$ 1.2682 -0.22 1.2960 1.1515 Yen* 1.5696 -0.10 1.6080 1.4467 Rupiah* 0.***** 0.29 0.*****0.*****@ Baht* 4.3251 -0.13 4.361186 words
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Advertisement281 2010-09-28 8 v 1 '7S :0^ \yj Trade world-class products with speed to fuel Asia's growth. It's about time. With Singapore Mercantile Exchange, the first pan-Asian commodity and currency derivatives exchange, you can now trade multiple products on a single platform. These include Gold, West Texas Intermediate (WTI), Brent Crude and Euro-USD.281 words
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SINGAPORE NEWS
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508 2010-09-28 9 TEH SHI NING - More bilateral deals are sealed between Singapore, Russian companies RUSSIA-SINGAPORE BUSINESS FORUM By TEH SHI NING FRESH economic and business ties were forged yesterday as key proceedings of the annual Russia-Singa-pore Business Forum got underway. Now in its fifth year,508 words
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459 2010-09-28 9 GRACE LEONG - By GRACE LEONG IT’S still a bull market for those seeking mid- to high-er-level executive positions in banking, accounting, financial services and sales and marketing in Singapore. Despite lingering global economic uncertainty, employers are raising salaries by up to 15 per cent459 words
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495 2010-09-28 9 LYNN KAN - By LYNN KAN RUSSIA is determined to make itself an innovation and technology hub, but its Achilles’ heel is commercialising research achievements, says one of Russia’s few remaining oligarchs. That’s why foreign companies are being wooed to fill this vacuum in the new495 words
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257 2010-09-28 9 WITH outsourcing and with the shift to higher-value, more capital-intensive industries, labour now accounts for just under 40 per cent of total business costs, down from 45 per cent a decade ago. That’s the rough picture from a breakdown of the manufacturing257 words
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291 2010-09-28 9 LYNN KAN - By LYNN KAN TAX authorities around the world have done much to clean house since international tax evasion and transparency of information exchanges became major issues at the break of the financial crisis in 2008. To date, 76 jurisdictions are in the clear291 words
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277 2010-09-28 9 The Ministry of Health (MOH) will draft a new Bill to regulate human-animal combinations in stem cell research, in order to ensure that such work operates within boundaries acceptable to society. The move comes after last week’s recommendations by the Bioethics Advisory Committee277 words
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Article, Illustration338 2010-09-28 9 SAMUEL EE - By SAMUEL EE FERRARI F1 driver Felipe Massa doesn’t just wear Richard Mille watches; the Brazilian ace’s involvement with the Swiss luxury watchmaker extends to the creative process. “I say many important things to Richard like ‘it’s not comfortable’, ‘maybe we can do this’,” heARTHUR LEE - 338 words
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SINGAPORE ROUNDUP
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42 2010-09-28 9 HITACHI Elevator Engineering (Singapore) will be renamed Hitachi Elevator Asia from Oct 1 and will begin operating as regional headquarters for the Hitachi Group’s elevator and escalator business in South-east Asia, India and the Middle East.42 words
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Article78 2010-09-28 9 NATIONAL Development Minister Mah Bow Tan is in Tianjin, China, until tomorrow. He will speak at the opening of the China International Eco-city Forum today. The forum is organised by China’s Ministry of Housing and Urban-Rural Development, China’s National Development and Reform Commission, the Tianjin78 words
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54 2010-09-28 9 NOMURA has appointed Rig Karkhanis to the new role of head of fixed income in Singapore. He joins Nomura from Millennium Partners, where he was a portfolio manager. Prior to that, he was head of rates and currency sales and trading (Asia-Pacific54 words
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Page 9 Advertisements
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Advertisement57 2010-09-28 9 Swiss quality also stands for innovation. Ensuring your success with global mailings. SwissPostoffersyoucross-bordermailing options to make your business even more successful.You can count on us for daily mail, direct mailings, newspapers, magazines and small consignments. With our flexibility, innovativeness and reliability we are your partner for international mailings. Further information57 words
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SME Inc
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Article, Illustration982 2010-09-28 10 JASLENE PANG - Viz Branz has plans to further build loyalty and awareness for its brand, reports JASLENE PANG SMALL CAPS JASLENE PANG WITH the 3-in-1 recipe of bad weather, drought and fires, prices of food products such as coffee have soared in recent weeks. But instant beverages982 words
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476 2010-09-28 10 TEH HOOI LING - By TEH HOOI LING IT was another good week for small-cap stocks. Our portfolio advanced 1.1 per cent, in line with the performance of the bluechip Straits Times Index. Hiap Seng popped 11.6 per cent in the five trading sessions to yesterday,476 words
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Article, Illustration818 2010-09-28 11 LIM LEE TIANG, TAY LIAN YI, WONG SOOK MEI CHARMAINE,YANG QIHUI - Samwoh’s research activities signal approach of a green revolution that could transform Singapore’s building and construction sector By LIM LEE TIANG, TAY LIAN YI, WONG SOOK MEI CHARMAINE ,YANG QIHUI The writers are students of NUS Business School AT its headquarters tucked away in an industrial estate in818 words
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Article, Illustration2083 2010-09-28 12 THIS WEEK’S TOPIC The Singapore government has warned earlier that the current pace of economic growth is unsustainable. What measures have your company put in place, or plan to implement, to minimise the impact of slowing growth? Jackie Cheng CEO HISAKA Holdings Ltd SINCE the financial crisisTHE STRAITS TIMES FILE PHOTO - 2,083 words
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Article, Illustration1216 2010-09-28 13 LI XIANAN GLORIA, ONG SHI YUAN SHANNON, YEUNG CHI KI NIKKI - IPS Securex is the market leader in security scanner distribution in South-east Asia By LI XIANAN GLORIA, ONG SHI YUAN SHANNON, YEUNG CHI KI NIKKI The writers are students ofNUS Business School THE next time you are at Woodlands Checkpoint, take a closer look at1,216 words
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Advertisement248 2010-09-28 10 Singapore Accountancy Convention Date: 2 November 2010, Tuesday Time: 8.00 AM 5.15 PM (Seminar) 6.30 PM -10.00 PM (Gala Dinner) Venue: Marina Bay Sands, Singapore Early Bird Special Register by 15 October 2010 and stand to win an iPad! Double the chances of winning if you register before 30 September248 words
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Advertisement7 2010-09-28 10 SME VOICES Wise to diversify Page 127 words
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Advertisement132 2010-09-28 11 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. Samwoh Corporation Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC132 words
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Advertisement131 2010-09-28 11 1 Two-thirds of the people who have ever reached 65 are alive today. Your first great-grandchild, your second career, your third marathon. Longer lives mean greater possibilities.The chance to explore interests, goals, the world. Time to take advantage of everything that's on offer. At HSBC in Singapore, we draw on131 words
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Advertisement219 2010-09-28 12 Good Class Bungalows Binjai FJark\ Just TOP, Brand New! 5 Units Available For Home Dwellers! L:***** B: 7500 6+2 1 Asking 17.8m REALSTAR THE LEADING BUNGALOW SPECIALIST Cluny Botanic Gardens 4 Units Available For Home Dwellers! L: ***** 210OOsqft fcllfc' For Enquiry Pis Call: Serene 6100 0080 Chatsworth 3 Units219 words
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Advertisement115 2010-09-28 12 Voices Next week’s topic: “As Singapore’s services sector posts steady growth most recently seen in a 8.5 per cent year-on-year rise in business receipts in Q2 are you finding it an increasing challenge in hiring and retaining staff? What alternatives have you tried, and do the methods work for the115 words
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Page 13 Advertisements
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Advertisement65 2010-09-28 13 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. IPS Securex Pte Ltd was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC65 words
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Advertisement33 2010-09-28 13 For us, private banking means gaining trust by providing security. Also yours: +65 6532 5325 orwww.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden' \V Leu SWISS PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-0133 words
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ECONOMY WATCH
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Article, Illustration658 2010-09-28 14 ANTHONY ROWLEY - Move comes as 6th month of export slowdown sparks fears of recession By ANTHONY ROWLEY JAPAN’SPrime Minister Naoto Kan yesterday instructed officials to draw up a growth-stimulating supplementary budget for the current fiscal year after the release of disappointing economic data. GovernmentREUTERS - 658 words
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414 2010-09-28 14 TEH SHI NING - By TEH SHI NING [SINGAPORE] Moves to internationalise the renminbi have definitely sped up in the wake of the financial crisis, and Chinese economist and former central bank adviser Yu Yong Ding says trading partners like Singapore can benefit from diversifying to hold RMB414 words
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410 2010-09-28 14 Bloomberg [FRANKFURT] Loans to households and companies in Europe grew at the fastest pace in 14 months in August after economic growth accelerated. Loans to the private sector rose 1.2 per cent from a year earlier after growing an annual 0.8 per cent inBloomberg - 410 words
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336 2010-09-28 14 Reuters [BANGKOK] Thailand’s Finance Ministry yesterday raised its 2010 economic growth forecast to 7.3-7.8 per cent from 5-6 per cent following a strong first half and robust exports. Exports would remain the key economic driver this year, Satit Rungkasiri, chief of theReuters - 336 words
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Article, Illustration593 2010-09-28 14 AFP [WELLINGTON] The governor of New Zealand’s central bank yesterday warned the country must carefully manage growing trade relations with China, as Wellington moved to tighten foreign investment rules. New Zealand, the world’s largest dairy exporter, has seen rising Chinese interest inAFP - 593 words
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Advertisement280 2010-09-28 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg WaterTrust a( a (a bbusiness ustconstitutedon16Noember2007underthe ws theRepublic Singapore) (RegistrationNo *****07) NOTICEOFEXTRAORDINAR GENERALMEETING NOTICEISHEREBYGIVENthatanExtraordinar Gener Meeting the unitholders Unitholder ”)o fo of HyfluxWater ust HWT)” will beheldon20 October2010 10.00a.m. The uditorium,HyfluxBuilding,202KallangBahr Singapore*****9 thepurpose consideringand, thoughtfit,proposingand passing,with withoutmodifications the ollowingresolution, accordancewith ht h theer280 words
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M'SIA/INDONESIA
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Article, Illustration378 2010-09-28 15 Government has undertaken several new initiatives to prop up economy Bernama [KUALA LUMPUR] Second Finance Minister Ahmad Husni Hanadzlah expects Malaysia to register a gross domestic product (GDP) growth of 5-6 per cent next year. He said that the government has undertaken severalBernama; BLOOMBERG - 378 words
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394 2010-09-28 15 S JAYASANKARAN - By S JAYASANKARAN MALAYSIA’S Deputy Prime Minister Muhyiddin Yassin defended the government’s proposed sale of the troubled Bakun Dam project in Sarawak to the Sarawak state government, denying that it was tantamount to a bailout. “This is a business transaction, a394 words
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569 2010-09-28 15 PAULINE NG - By PAULINE NG ENTREPRENEUR Richard Branson has urged Malaysia to rethink the prosecution of opposition leader Anwar Ibrahim as it is tarnishing the country’s name internationally. “Malaysia has a good reputation overseas (but) what’s happening with Anwar Ibrahim damages Malaysia a lot. The569 words
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187 2010-09-28 15 Reuters [JAKARTA] CIMB Securities, a unit of Malaysian lender CIMB Group, is doubling the size of its Indonesian investment banking team to 24 by the first half of next year, as it sees an increased pipeline of deals. Bernard Thien, president director ofReuters - 187 words
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Advertisement167 2010-09-28 15 Managing risk is an art in itself. DAVID HARDING Managing Director, Winton Capital Management David Harding has a perfectly clear picture of risk. As managing director and a founder of one of London’s most prominent commodity trading advisors, with $13 billion under management, David relies on CME Group to manage167 words
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GREATER CHINA
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421 2010-09-28 16 Its completion marks growing ties between China and Russia, especially in energy AFP [BEIJING] The leaders of China and Russia celebrated yesterday the completion of a cross-border oil pipeline, a symbol of growing ties between the two emerging economic powers, particularly in the energy sector.AFP - 421 words
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389 2010-09-28 16 Little indication that labour costs are a drag on earnings Bloomberg [HONG KONG] Chinese industrial companies’ profits climbed 55 per cent in the first eight months of 2010 from a year earlier, bolstering investment as the government pares back its stimulus package. Net incomeBloomberg - 389 words
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Article, Illustration52 2010-09-28 16 [GUANGZHOU, China] Visitors standing on a piece of glass in the new Guangzhou TV Tower here in southern China’s Guangdong Province. The 600-metre-tall tower launched a test operation last Saturday and attracted numerous people who went up for a bird’s-eye view of the city. Xinhua photo XINHUAXINHUA; Xinhua photo - 52 words
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225 2010-09-28 16 AFP [SHANGHAI] A Chinese credit rating agency has accused the US Securities and Exchange Commission (SEC) of discrimination and threatened legal action after its application to enter the US market was turned down. Dagong Global Credit Rating said yesterday that theAFP - 225 words
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Advertisement296 2010-09-28 16 Bank Julius Baer presents The Business Times Leadership Conference 2010 REVIVALor RELAPSE? Is the financial crisis really over? What are the options for investors? s$ Thursday 14 October, 2010 9.30am 2pm Capella Singapore Grand Ballroom $150 per participant (inclusive of luncheon) Register at http://pbp.sph.com.sg/btconf2010/ by midnight, 5 October 2010. Payment296 words
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INDIA
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Article, Illustration386 2010-09-28 17 Reuters AFP [NEW DELHI] India promised to completely clean up the athletes’ housing for the Commonwealth Games tomorrow, the latest in a series of missed deadlines that have contributed to woes dogging the showcase event. The Games were supposed to enhance India’s imageReuters; AFP; REUTERS - 386 words
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280 2010-09-28 17 Reuters [NEW DELHI] India aims to halve its peak power deficit within two years but environmental clearances for power plants could significantly impact future capacity addition, the head of the Central Electricity Authority (CEA) said yesterday. Gurdial Singh toldReuters - 280 words
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410 2010-09-28 17 Beset by debt load, it eyes mandate to issue more shares to raise US$1 b Reuters [MUMBAI] India’s No 2 cellular carrier which has tried at least four different and so far fruitless ways to raise capital over the past year or so, willReuters - 410 words
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145 2010-09-28 17 Xinhua [MUMBAI] India has set up its first female police battalion to strengthen women’s position in the force, local media reported yesterday. The battalion was formed on Sunday as it attended a parade held at the police training centre in Jodhpur in the westernXinhua - 145 words
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Page 17 Advertisements
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Advertisement174 2010-09-28 17 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 Dubai174 words
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ASIA-PACIFIC/WORLD
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Article, Illustration618 2010-09-28 18 Its strategy includes converting its stake into common stock for sale by H1 2011 Bloomberg [NEW YORK] The US Treasury Department may announce plans as early as this week to return American International Group Inc (AIG) to independence and recoup taxpayer money from the insurer’sBloomberg; REUTERS - 618 words
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489 2010-09-28 18 Reuters [LISBON] The Organisation for Economic Co-operation and Development (OECD) has warned that Portugal’s high sovereign debt spreads could put its recovery at risk, and urged labour market reforms to boost competitiveness. In a report on the Portuguese economy, the OECD recommended yesterdayReuters - 489 words
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Article674 2010-09-28 18 STEVE SLATER - This year’s Singapore Grand Prix was an exciting race with thrills galore COMMENTARY By STEVE SLATER The writer is a race commentator on STAR Sports coverage on the F1. Catch on-demand repeats of the Singapore Grand Prix on www.espnplayer.sg THE 2010 Singapore Grand Prix was well worthy674 words
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178 2010-09-28 18 Reuters [ZURICH] Swiss regulators will ask big banks UBS and Credit Suisse to go one step further than their international competitors in the amounts of core capital they hold, a newspaper reported on Sunday. A commission of specialists on theReuters - 178 words
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Article, Illustration364 2010-09-28 18 Reuters [KUALA LUMPUR] Economist Nouriel Roubini, noted for his bearish views on the US economic recovery, reiterated his view that the economic recovery of advanced economies is set to slow. Speaking to delegates at a symposium held here yesterday, the professor at New York’sReuters; BLOOMBERG - 364 words
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Article, Illustration630 2010-09-28 19 The nation’s largest consumer lender is said to have US$5.2b of debts Reuters [TOKYO] Japan’s Takefuji Corp is preparing to file for bankruptcy with US$5.2 billion in debts, media said, the biggest consumer lender to fail under the weight of court-ordered interest repayments andReuters; BLOOMBERG - 630 words
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374 2010-09-28 19 Bloomberg [LONDON] Unilever, the maker of Dove soap, has agreed to buy Alberto Culver Co for US$3.7 billion in cash to add VO5 and Nexxus haircare products in the company’s biggest purchase in a decade. Unilever will pay US$37.50 a share for theBloomberg - 374 words
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465 2010-09-28 19 Reuters [SYDNEY] Australia will not put a price on carbon emissions until at least 2012, after Prime Minister Julia Gillard announced that a committee examining the issue would not finish its deliberations until end-2011. Australia, one of the world’s worst per-capitaReuters - 465 words
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Page 18 Advertisements
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Advertisement45 2010-09-28 18 For Corporate Lease Premium Office Buildings Mohamed Sultan Road, Singapore 8,000 100,000 sqft 4 Office Blocks 2 Podiums F&B Terrace Column Free Design Regular Layout Covered Parking 9742 8998 *****1 18 Link (THM) Biz MS Pte Ltd a Member of Link (THM) Group of Companies45 words
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Advertisement111 2010-09-28 18 LUXURY TOURS TRAVEL PTE LTD A The Leading Operator k >\ Established 1985 > T^M "Fulfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These includes transportation, meals, sightseeing tours tourist guides. Our services111 words
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Page 19 Advertisements
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Advertisement118 2010-09-28 19 Legend LIMITED EDITION Specially created forThe Hour Glass,the Mille Miglia Speed Black Power Control boasts of higher legibility with its orange luminescent colour against the robust large 44mm black DLC (diamond-like carbon) case. A rubber strap and a black calf strap with orange stitching are paired specially for this collection.118 words
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WORLD
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Article, Illustration465 2010-09-28 20 They’ll move growth forward while rich countries remain stagnant: World Bank Bloomberg [WASHINGTON] Emerging nations will account for a bigger portion of the global economy than developed countries by 2015, as mid-dle-class populations from South-east Asia to Latin America expand while publicBloomberg; REUTERS - 465 words
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594 2010-09-28 20 Reuters [NEW YORK] Global stock underwriting proceeds have slipped 9 per cent so far in 2010 as investors have proved less willing to take risks amid an uncertain economic recovery. Proceeds from global equity capital markets underwriting activity have fallen to US$496.14 billion fromReuters - 594 words
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Article441 2010-09-28 20 Officials want all communications services to comply NYT [WASHINGTON] Federal law enforcement and national security officials are preparing to seek sweeping new regulations of the Internet, arguing that their ability to wiretap criminal and terrorism suspects is “going dark” as people increasingly communicate online insteadNYT - 441 words
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347 2010-09-28 20 Bloomberg [KUALA LUMPUR] Competitive currency devaluations are detrimental to the world economy, International Monetary Fund (IMF) deputy managing director Naoyuki Shinohara said, while defending Japan’s intervention in the market this month. Japan’s decision was “unique” because it experienced a 20 per cent to 30 perBloomberg - 347 words
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Page 20 Advertisements
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Advertisement1168 2010-09-28 20 WAT-ii NOTICES BUY IT-SELL IT-FIND IT L.C. DEVELOPMENT LTD Company Registration No. *****1118N (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of L.C. Development Ltd (the "Company") will be held at Crowne Plaza Changi Airport, Chengal Ballroom, 751,168 words
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Advertisement9 2010-09-28 20 NOTICEOFAPPOINTMENTFOR INSURANCESTUD FOR CHANGIAIRPOR GROUP(SINGAPORE)PTE PursuanttotheRequestforProposalfortheInsuranceStudy publishedon16July2010,GLIndustrialServicesSingapore PteLtdhasbeenappointedtoundertaketheStudy Wthankallwhohadsubmittedtheirbids.9 words
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Advertisement186 2010-09-28 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LARES PERMARINI SHIPPING PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****9D1BE) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of186 words
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INDIA PORTS & MARITIME
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Article, Illustration833 2010-09-28 21 MALMINDERJIT SINGH - It may want to leverage on Singapore’s expertise, reports MALMINDERJIT SINGH MALMINDERJIT SINGH INDIA may explore the possibility of a bilateral treaty with Singapore in the maritime sector to leverage on the latter’s expertise, says GK Vasan, India’s Minister for Shipping. “Singapore has an impressive833 words
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Article, Illustration317 2010-09-28 21 AMIT ROY CHOUDHURY - 276 port projects identified entailing US$13.7b investment By AMIT AMIT ROY CHOUDHURY INDIA has embarked on a major drive to improve its maritime infrastructure, which plays a pivotal role in the country’s economic development, says K Mohandas, secretary at the Ministry of Shipping. The official noted317 words
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Article, Illustration456 2010-09-28 22 AMIT ROY CHOUDHURY - Plenty of opportunities in infrastructure sector, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY INDIAN industry is extremely competitive and there is plenty of opportunities for Singaporean companies to partner with their Indian counterparts, says Chandrajit Banerjee, director-general of the Confederation of Indian Industry (CII). CII456 words
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426 2010-09-28 22 Contributed by Sunmedia PIPAVAV Shipyard Limited (PSL), located at Pipavav on the Saurashtra coast of Gujarat, western India, has developed the most modern and the largest shipyard facility in India. The shipyard has commenced commercial operations since June this year, said a company spokesman.Contributed by Sunmedia - 426 words
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Article, Illustration449 2010-09-28 22 Contributed by Sunmedia BHARATI Shipyard Limited (BSL) was founded by naval architects Vijay Kumar and Prakash Chandra Kapoor. The company started as a partnership firm in 1973 with a small shipbuilding facility in Ratnagiri and became a private limited company in 1976. In 2004, BSL becameContributed by Sunmedia - 449 words
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Article, Illustration621 2010-09-28 23 AMIT ROY CHOUDHURY - Trade and investment volumes, tourism and other people-to-people exchanges between the two countries have grown steadily, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY BILATERAL relations between India and Singapore have progressively acquired greater depth and substance, says India’s High Commissioner to Singapore, TCA Raghavan. Dr Raghavan tells621 words
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251 2010-09-28 23 Contributed by Sunmedia KAKINADA Seaports Limited (KSPL) operates the Kakinada Deep Water Port (KDWP), the first privatised port on the east coast of India located between the major ports of Visakhapatnam and Chennai. According to a company spokesman, KDWP is a multi-product, all-weatherContributed by Sunmedia - 251 words
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Article, Illustration302 2010-09-28 23 Contributed by Sunmedia THE Essar Group is a multinational conglomerate and a leading player in the sectors of steel, oil gas, power, communications, shipping, ports logistics, projects and minerals. With operations in more than 20 countries across five continents, the group employs 60,000 people, withContributed by Sunmedia - 302 words
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Page 21 Advertisements
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Advertisement146 2010-09-28 21 Rs.3,100Croreofboldinvestment Investing additional Rs. 1,000 Crore for building 2nd drydock (740 mtrs long x 60 mtrs wide) associated facilities in next 18months India's first world class, global scale and only modular shipbuilding and engineeringcompany The shipyard is currently building 74,500 DWT Panamax Vessels for European CustomersandOffshoreSupplyVesselsfor ONGC. Vessels will start146 words
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Advertisement97 2010-09-28 21 m m m *1 i V'\U' t. N >\'ll ■II W k o ca£ a Mfw D ft a v &/&t~y o.c /v&Ze./yi&ri£ i$ no~t an &nd owt ~£h& r o-f a. tn&tu joutn&y. 0 0 n Se/iaVmcj reSponSibly totoco-ds the en/* Fort went i$ mtecjFtiJ to all out- />USi97 words
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Page 22 Advertisements
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Page 23 Advertisements
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Advertisement258 2010-09-28 23 Confederation of Indian Industry IndiaSingapore Since 1895 BUSINESS Innovation Competitiveness Sustainability Industrial growth Knowledge skills Brand salience for India Integrity campaign SMEs Indian MNCs SOCIETY Affirmative action Healthcare Population Empowerment Functional literacy HIV /AIDS Gender equality Inclusion Disability The enduring Singapore-India relationship continuously gains fresh momentum from innovative initiatives. A258 words
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EDITORIAL & OPINION
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Article484 2010-09-28 24 EDITORIAL MALAYSIA clearly needs to regain some speed if it is to reach its avowed goal of transforming itself into a developed nation by 2020. In that context, the latest of its development plans unveiled last week, the Economic Transformation Programme with a RM1.4 trillion (S$598.4 billion)484 words
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Article, Illustration753 2010-09-28 24 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT “NATIONAL shame” that’s what the lead headline on the front page of The Times of India read when a gleaming new pedestrian bridge being constructed at753 words
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Article, Illustration1064 2010-09-28 24 ANDY XIE - Govt must recapitalise banks to stop property deflation from affecting other investments By ANDY XIE Andy Xie is an independent economist based in Shanghai and was formerly Morgan Stanley’s chief economist for the Asia-Pacific region. The opinions expressed are his own IT’S ShanghaiAFP - 1,064 words
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Article, Illustration1173 2010-09-28 25 CHEW SOON BENG, ROSALIND CHEW - With more foreign workers coming, the key to increasing earnings of local low-wage workers is raising productivity By CHEW SOON BENG, ROSALIND CHEW The writers are from the Division of Economics, Nanyang Technological University A MINIMUM wage law is based on the basic needs argumentREUTERS - 1,173 words
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Article, Illustration731 2010-09-28 25 LIZ GOOCH - By LIZ GOOCH IHT [KUALA LUMPUR] WITH the Islamic finance industry worth an estimated US$1 trillion and growing rapidly, it is perhaps no surprise that a number of Asia-Pacific nations are among a growing band of countries worldwide to signal their intentionIHT - 731 words
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Page 25 Advertisements
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Advertisement3 2010-09-28 25 NANYANG TECHNOLOGICAL UNIVERSITY3 words
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AVIATION
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Article, Illustration521 2010-09-28 26 It will delay adding new planes until B787s are delivered Bloomberg [CALGARY] Air Canada is forgoing replacing aircraft as it tries to repay almost C$1 billion (S$1.3 billion) of debt in the next two years while Canada’s corporate bond market begins to outperformBloomberg; BLOOMBERG - 521 words
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Article, Illustration315 2010-09-28 26 AFP [KUALA LUMPUR] Billionaire entrepreneur Richard Branson said yesterday that his Virgin Galactic is on track to offer commercial space travel within 18 months, and that space hotels are next on the drawing board. The project’s SpaceShipTwo, an aircraft built by aviationAFP - 315 words
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249 2010-09-28 26 Bloomberg [MONTREAL] Global airlines must purchase new, more fuel-efficient planes to cut costs and increase profits if they are to survive, said Gary Scott, president of Bombardier Inc’s commercial aircraft unit. Airline earnings will shrink next year after peaking at US$8.9 billion in 2010Bloomberg - 249 words
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272 2010-09-28 26 Two leased aircraft will start flights to Jeddah and Calicut next month AFP [RAS AL-KHAIMAH, United Arab Emirates] Gulf airline Ras al-Khaimah (RAK) Airways will resume passenger flights next month after a hiatus of about two years, the company’s chairman announced onAFP - 272 words
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142 2010-09-28 26 AP [NEW YORK] With a flight attendant yelling “heads down, stay down”, passengers cowered and prayed on a tense descent into Kennedy Airport as malfunctioning landing gear sent sparks flying and left one of the plane’s wings dragging along the tarmac. NoAP - 142 words
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Article2993 2010-09-28 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 00252,993 words
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3412 2010-09-28 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.3,412 words
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Page 26 Miscellaneous
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Miscellaneous308 2010-09-28 26 CRYPTIC CROSSWORD Across 1 Set off full of beans, ready to start a fight (7-5) 9 Layer of subsoil difficult to sift (4-3) 10 Herring or puffer fish? (7) 11 Oriental revolutionary’s crossed lines without leader (7) 12 Outwardly tense time before a star returns from sickness (7) 13 Turning308 words
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Page 27 Advertisements
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Advertisement18 2010-09-28 27 USE THIS SPACE TO SELL? CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES18 words
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SHIPPING
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Article, Illustration306 2010-09-28 28 Its ships are sailing directly from Asia to tap faster growth in these markets Reuters [COPENHAGEN] The world’s biggest container shipping line, Maersk Line, is increasingly serving Latin America and Africa with vessels sailing directly from Asia to tap the accelerating growth inReuters; FILE PHOTO - 306 words
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487 2010-09-28 28 Xinhua Xinhua [SEOUL] Hyundai Merchant Marine Co, South Korea’s second-largest shipping line, jumped to its highest in almost three years in Seoul trading on speculation that it may become a takeover target. Hyundai Merchant rose by the daily 15 per cent limit for aXinhua - 487 words
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Article278 2010-09-28 28 SGX '000 Sep 27 S$ +/-Vol CH Offshore 0.56 0.01 1241 Chuan Hup Hldg 0.26 unch 134 Cosco Corp 1.89 0.03 ***** CWT Ltd 0.98 0.01 915 Ezra Hldgs 1.75 -0.01 4003 First Ship Lea 0.45 0.02 797 Freight Links 0.08 0.01 6161 Grand Banks 0.37 0.01 6278 words
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512 2010-09-28 28 Shipbrokers also cite possible weather factors, seasonal demand Reuters [SINGAPORE] The cost to book crude oil tankers will soar nearly 180 per cent in the fourth quarter, fuelled by a rise in floating storage volume, possible weather disruptions and seasonal demand, aReuters - 512 words
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249 2010-09-28 28 Bernama [SOMALIA] The Greek-operated cargo ship MV Lugela with a dozen crew members on board was hijacked in the latest case of piracy off Somalia, the East African Seafarers’ Assistance Programme confirmed yesterday, reports China’s Xinhua news agency. The MV Lugela was taken byBernama - 249 words
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Page 28 Advertisements
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Advertisement29 2010-09-28 28 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2010-09-28 28 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article9170 2010-09-28 29 Transaction date: Sep 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13 3148 8Telecom 19.5 -0.5 1461 20 19.5 19.5 20 1.7 9.3 6.3 93.4 12 5 58349,170 words
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Article1801 2010-09-28 30 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 1181 t AA Grp 4 unch 430 4 4 4 5 22.2 3.9 225 130 6222 t APStrategic 161 -91,801 words
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Article9392 2010-09-28 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.24/ APS Alpha Fund (USD)!** 0.93/ 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 WM9,392 words
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Article835 2010-09-28 30 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 $mil 124 107 6389 ABF SG Bond ETF 123cd 115 120 561.5 981 755 CIMBAsean40 100US$ US981 988 993 39.2 318 261 DBS STI ETF835 words
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Article259 2010-09-28 30 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 $mil 56 36.5 6000 AVJennings A50.5 +0.5 19 51 50 49.5 51 3.6 6.9 4 131.5 55 16 6017 Genting HK US$ US47.5 -1 *****259 words
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FINANCE & COMMODITIES
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374 2010-09-28 31 In local curr In S$ In US$ dy yr dy yr dy yr Sep 24 Index Change Change Change Change Change Change World Index Preliminary 835.9 1.2 0.4 1.2 -4.8 1.5 1.1 EAFE Preliminary 768.1 0.6 -2.1 1.0 -6.8 1.3 -1.0 Europe Preliminary 1128.8 1.4374 words
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Article177 2010-09-28 31 Sep 27 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.35 0.25 1 month 0.48 0.28 2 months 0.50 0.30 3 months 0.53 0.33 6 months 0.65 0.45 9 months 0.80 0.60 12177 words
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Article24 2010-09-28 31 Sep 27 S$ Bid Offer 1-month 1.3218 1.3221 2-months 1.3218 1.3221 3-months 1.3218 1.3221 6-months 1.3218 1.3222 Source: OCBC Source: OCBC24 words
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Article132 2010-09-28 31 Sep 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2590 1.2960 Can dollar 1.2830 1.2980 Euro 1.7720 1.7920 NZ dollar 0.9650 0.9860 Sterling pound 2.0820 2.1040 US dollar 1.3150 1.3290 Local dollars to 100 units of foreign132 words
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Article27 2010-09-28 31 Sep 27 Open High Sett STI Sep 3114 SIMSCI Sep 364.2 368.2 367.3 Taiwan Sep 288.1 291.7 290.3 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-09-28 31 Sep 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 10 2780 2763 2780 2738 737 2159 Nov 10 2750 2732 2750 2714 3025 ***** Dec 10 2755 2735 2755 2717 ***** ***** Jan 11 2760 274166 words
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Article421 2010-09-28 31 Sep 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6300 0 8023 Mar11 99.5750 0 2562 Jun11 99.5050 0 1871 Sep11 99.4100 0 486 EUROYEN TIBOR FUTURES Dec10 99.6925 99.6925 99.6925 99.6900 95 2206 Mar11 99.7150 0 1516 Jun11 99.7300 0 3150 Sep11 99.7250 99.7250421 words
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Article149 2010-09-28 31 Sep 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 10 359.5 357.5 359.0 136 Nov 10 360.0 359.0 359.0 24 Dec 10 360.0 359.0 359.0 34 Jan 11 360.0 358.5 359.0 66 Feb 11 360.5 359.0 359.0149 words
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Article90 2010-09-28 31 Sep 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 30.12.2010 0.30 0.26 0.26 1-Year BY*****W 03.05.2011 0.34 0.29 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.21 104.27 104.27 5-Year N*****0N 1.37590 words
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Article105 2010-09-28 31 Sep 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1126.00 1093.50 1128.25 1090.00 Jan 11 1135.50 1103.25 1137.50 1099.50 Mar 11 1142.50 1110.75 1143.25 1107.50 May 11 1144.00 1113.50 1145.50 1110.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 44.48 43.51 44.56105 words
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Article77 2010-09-28 31 CRUDE OIL PRODUCTS Sep 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.01 1.02 WTI (Near Mth) 76.45 3.33 Dubai (1-Mth F) 75.71 0.93 Tapis blend 84.90 1.05 Minas 78.25 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.50 0.23 Jet Kerosene 88.20 0.80 US$/barrel Opec Oil77 words
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2427 2010-09-28 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 229 1 3 -8 2.40 3 6221 Asia-Pacific Strategic W*****6 39 1 150 17 4.13 44 6227 ASJ Hldgs W*****1 2.5 1 42,427 words
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Article464 2010-09-28 31 Sep 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 6.423 0.713 7.446 43.236 85.931 0.808 11.021 2.965 1.309 82.581 42.121 1.269 6.724 0.947 30.200 29.328 0.607 0.960 Canada 1.018 6.536464 words
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Article85 2010-09-28 31 Sep 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-09-28 31 Sep 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2685 1.2692 0.9597 0.9600 Canadian dollar 1.2908 1.2917 0.9766 0.9770 Euro 1.7789 1.7798 1.3458 1.3462 NZ dollar 0.9691 0.9702 0.7332 0.7338 Sterling pound 2.0906 2.0916 1.5816 1.5820154 words
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Article138 2010-09-28 31 GOLD (US$/oz) Sep 27 Sep 24 Hong Kong 1297.90 1297.10 Sep 24 Sep 23 London 1295.40 1293.25 1295.80 1293.50 Source: Thomson Reuters CAST BAR Sep 27 (S$) Selling Buying Kilobar 59,070.42 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132 55 5gm 376 276 10gm 671 551 20gm138 words
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Article71 2010-09-28 31 Sep 24 Sep 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2286.50 2260.50 3 months 2318.00 2292.00 Copper, Grade A (US$/tonne) Cash 7946.00 7883.00 3 months 7945.00 7885.00 Lead (US$/tonne) Cash 2267.50 2246.50 3 months 2296.00 2275.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-09-28 31 Sep 24 COCOA (£/tonne) Close Prev High/Low Dec 10 1883 1879 1905/1875 Mar 11 1900 1897 1920/1893 May 11 1916 1912 1929/1913 Jul 11 1929 1924 1936/1931 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1716 1726 1736/1736 Nov 10 1727 1737 1761/1695 Jan 11 1755 1764 1788/1725 Mar 1182 words
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PROPERTY
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Article, Illustration633 2010-09-28 32 Ruler says Dubai’s vision is unchanged, all existing projects are going ahead Bloomberg [DUBAI] The ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum said the emirate is recovering after state-controlled holding company Dubai World reached a debt-restructur-ing settlement with creditors.Bloomberg; REUTERS - 633 words
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413 2010-09-28 32 Bloomberg [SHANGHAI] China will bar companies that have held land for more than a year without developing it from buying additional plots, seeking a “reasonable” correction in the nation’s home prices, the government said. The government also will increase land available for smaller, affordableBloomberg - 413 words
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717 2010-09-28 35 Reuters [LONDON] Barclays has renewed its focus on the commercial property sector, bringing its real estate investment and corporate bankers under a single banner with a view to luring clients from embattled UK banking peers. Britain’s fourth-largest bank, which emerged from the globalReuters - 717 words
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Article, Illustration482 2010-09-28 35 Average price for freehold Vacanza units expected to top $1,000 psf A JOINT venture between Hoi Hup Realty and Malaysia’s Sunway group is previewing Vacanza East, a freehold condo in the Kembangan area, today. The average price is expected to be slightly over $1,000 perAilivt's - 482 words
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Article, Illustration795 2010-09-28 36 KALPANA RASHIWALA - They boost tally of properties auctioned so far this quarter to about $54.1 m By KALPANA RASHIWALA TWO Good Class Bungalows (GCBs) at Margoliouth Road (off Stevens Road) and Sixth Avenue were sold at a Colliers International auction last week for a795 words
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Advertisement3442 2010-09-28 32 MATS NOTICES BUY IT• SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg LCDeV L.C. Development Ltd Company Registration No. *****1118N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 38 th Annual General Meeting3,442 words
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Advertisement1362 2010-09-28 33 k1 enturesLimited (Incorporated theRepublicofSingapore) (Company Registration No.: *****0535W) NoticeofAnnualGeneralMeeting/Closur ofBooks ALLMEMBERSARECORDIALL INVITEDTO TTENDtheAnnualGeneralMeetingofk1 enturesLimited(the“Company”)which willbeheldatFourSeasonsHotel,FourSeasonsBallroom(Level2),190OrchardBoulevard,Singapore*****6onFriday15October 2010 at 2.30 p.m. to transact the following business: AAss OOrrddiina .1 1. TToo receiveandadopttheDirectors’ReportandAuditedAccountsfortheyearended Resolution 30 June 2010. .2 2. TToo declare taxexemptone-tier naldividendof0.5centspersharefortheyearended Resolution 30 June 2010 (2009: 0.75 cents). .3 3. TToo1,362 words
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INDUSTRIAL SPACE
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Article, Illustration1089 2010-09-28 34 UMA SHANKARI - More new industry-level infrastructure projects are in the works for JTC, reports UMA SHANKARI UMA SHANKARI INDUSTRIAL landlord JTC Corporation is looking to build new cutting-edge projects including an offshore and marine centre, a general aviation centre and a medtech centre as it looks to anchor new1,089 words
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Advertisement137 2010-09-28 34 amic scape I t i SJWJW pasrajera £irLr& bvwhsSBK isaPs bbg&X MTO JMSiw s <^<z> Algr KM t,,i 8HHHHHRR& :o a d cal la Biopolis Tuas Biomedical Park MedTech Park As the one-stop infrastructure provider for the biomedical industry in Singapore, JTC invites businesses to set up operations in the137 words
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Advertisement7 2010-09-28 34 This series is brought to you by7 words
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Advertisement255 2010-09-28 36 ■Mli K i« K I -»L M •J v ID >• Q i!h y! ir Wk >• tMji 5I.. The Smarter Choice For Today's Most Advanced r ~"t Business has a new destination address in 71 Robinson Road a state-of-the-art commercial development right in the heart of the Central Business255 words
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