The Business Times, 6 October 2010

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Total Pages: 44
1 44 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|2l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, October 6,2010
    23 words
  • 118 1 [SINGAPORE] These four people are as different as they come. But they share one calling financial journalism. Their love for their craft was celebrated last evening when they won honours at the Securities Investors Association of Singapore awards dinner. Three of the four journalists are from
    ARTHUR LEE  -  118 words
  • 782 1  -  By KALPANA RASHIWALA [SINGAPORE] Office rentals have climbed steadily this year, making Singapore a relatively more expensive market compared to just months earlier. In fact, it has climbed nine positions in Colliers International’s latest half-yearly ranking of global office occupancy costs. In
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  • 140 1 ST INDEX 3,162.36 (+4.91) ST INDEX FUTURES 3,160 (+4) SIMSCI 371.99 (+3.59) SIMSCI FUTURES 371.50 (+1.30) FOREX US$ S$ US$ (S$ per US$) 1.315 (US$/S$ per 1.585 2.083 EURO (US$/S$/E) 1.377 1.810 Foreign currency per US$ S$ YEN 83.30 63.40 RM 3.102 2.359 HK$ 7.757 5.900 BAHT 30.15
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  • 549 1  -  Remaining 3G spectrum to be shared by SingTel, M1 and StarHub By WINSTON CHAI [SINGAPORE] The doors to a fourth local mobile operator have now closed and Singapore’s telco scene will remain a three-cornered fight among Singapore Telecommunications, M1 and StarHub. The
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  • Page 1 Advertisements
    • 54 1 EXECUTIVE MONEY Let’s not waste a good crisis PAGE 44 HOCK LOCK SIEW Growling passengers could give up on Tiger PAGE 6 COMMENTARY Asia’s ‘new normal’ isn’t business as usual SPECIAL FEATURE SIAS’ Investors Choice Awards 2010 PAGE 33 PAGES 25 31 Full story, Page 4 Financial solutions. Everywhere in
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  • TOP STORIES
    • 530 2 Talk of 4th telco dies in the air THE doors to a fourth local mobile operator have now closed and Singapore’s telco scene will remain a three-cornered fight between Singapore Telecommunications, M1 and StarHub. The Infocomm Development Authority of Singapore yesterday announced it will allocate the country’s remaining
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    • 588 2  -  Move part of bank’s strategy to become a leading wealth management player By SIOW LI SEN DBS Group Holdings is talking to two asset management houses for a partnership deal as part of its strategy to become a leading wealth management
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    • 120 2 In the article “Housing loans demystified” (BT, Sept 23), it was reported that from Aug 30, for Singaporeans, permanent residents and foreigners who have an existing housing loan on a property whether the property be in Singapore or overseas the maximum financing they can get for their property purchase
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    • 259 2 Reuters [HONG KONG] AIA Group Ltd, which aims to raise about US$15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential plc as it launched the share offering yesterday. AIA, the Asian life insurance
      Reuters  -  259 words
    • 656 4  -  Neither blazing heat nor a long waiting time deters people on the final day KWA GEOK CHOO, 1920-2010 By LYNN KAN [SINGAPORE] Neither the blazing heat nor the sign advising a waiting time of four hours stopped the mass of people
      NEO XIAOBIN/THE STRAITS TIMES  -  656 words
    • 1108 4 Tan Tiong Cheng Chairman, Knight Frank Pte Ltd WE at Knight Frank Singapore are indebted to Mrs Lee Kuan Yew for a singular piece of advice in 1983 when we merged Cheong Hock Chye Co with Knight Frank to form Knight Frank Singapore. As a personal favour to our
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    • 473 4  -  By TEH SHI NING [SINGAPORE] TT International’s (TTI’s) fate remains up in the air after yesterday’s court hearing was adjourned. The Court of Appeal will likely deliver its judgment on whether TTI’s debt-re-structuring scheme merits sanction early next week. This is ahead of
      473 words
    • 604 4  -  By FELDA CHAY [SINGAPORE] Akin to the hunter becoming the hunted (for quotes, in this case), three journalists from The Business Times swapped positions to become newsmakers yesterday by winning awards for their solid reporting of financial news. Reporter Jamie
      ARTHUR LEE  -  604 words
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    • 251 2 r OPEN HOUSE -v j SUPPLY CHAIN CHALLENGES IN THE NEW GLOBAL ORDER. South East Asia in general and Singapore in particular is expected to be at the fore-front of innovations to cater to the demands of future supply chains. The idea is to find both short term solutions to
      251 words

  • Page 3 Advertisements
    • 76 3 Wealth Management Asset Management Investment Funds Custody Investor Services Entrepreneurs make new money, We protect it until it becomes old money. I m m i m i k i at I: ill 4 it- 1 aw* m m «> gf. II ft 1 jS" :^5l l;.--i m 1 ,s-> V,'".
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  • Page 4 Advertisements
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    • 9 4 MAS: walk, talk and live governance code, Page 9
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  • Page 5 Advertisements
    • 227 5 bl 1 oulevard SINGAPORE Standing apart, yet keeping the finest company. In Singapore's premier district, Orchard. Far East Organization presents Boulevard Vue a limited collection of 28 bespoke residences in one of Singapore's most exclusive residential enclaves. Boulevard Vue's coveted address instantly invokes recognition. Each residence is a testament to
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  • COMPANY NEWS
    • 417 6  -  Exercise will cost up to $21 m for the offeror, which owns 77.86% of the firm By NISHA RAMCHANDANI INVESTMENT holding company IDT International Holdings (BVI), a wholly owned subsidiary of IDT International, intends to take IDT Holdings Singapore
      417 words
    • 808 6  -  HOCK LOCK SIEW By VEN SREENIVASAN LOW cost does not have to mean low reliability. All budget carriers need to get this ingrained in their corporate psyche. For the airline industry is a cut-throat business at the best of times, with yields constantly
      808 words
    • 432 6  -  HOT STOCKS By LYNETTE KHOO SHARES of Yongnam and Lorenzo International surged in a quieter market yesterday as interest shifted from blue chips to selective plays among second-lin-ers and penny stocks. Dealers attributed the surge in Yongnam shares to an initiation of “buy” call from DBS
      432 words
    • 515 8  -  Proliferation of choices under CPFIS blamed for inferior performance By GENEVIEVE CUA HAVING too many fund choices in the CPF Investment Scheme (CPFIS) has resulted in “inferior” investment performance, says CPF Board deputy chief executive officer Don Yeo. “While our tightening measures may
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    • 305 8 CAPITAMALL Trust has repurchased convertible bonds (CBs) with total principal amount of $100 million (plus accrued interest) for a total cash consideration of about $105.25 million. The repurchase was funded in cash from internal resources. “We saw an opportunity to proactively reduce our debt exposure
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    • 399 9  -  Firms need to be more proactive and move beyond mere compliance CORPORATE GOVERNANCE By FELDA CHAY COMPANIES should move beyond mere compliance with the code of corporate governance when it comes to instilling and enforcing corporate governance practices. Driving home this point yesterday
      399 words
    • 661 9  -  It’ll cater to Asians, Europeans keen on Asian markets By GRACE LEONG THE private banking arm of Societe Generale Group is looking to launch a new wealth management service for its affluent clients in Europe and Asia as it competes for market
      661 words
    • 550 9  -  By JAMIE LEE A GENDER quota or the threat of one could prompt boards here to appoint more women directors, says a corporate lawyer who specialises in directorship and corporate governance issues. But women thinking about taking up a board
      550 words
    • 317 13  -  Contracts to build two rigs come with options for another three rigs By JOYCE HOOI PPL Shipyard a subsidiary of Sembcorp Marine has secured two turnkey contracts worth up to US$364 million collectively to build two jack-up rigs. The contracts, awarded by Atwood Oceanics
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    • 359 13  -  By NISHA RAMCHANDANI SINGAPORE Airlines (SIA) is partnering inflight connectivity provider OnAir to give SIA passengers access to Wi-Fi Internet and mobile telephony services from the first half of 2011 even while cruising at 35,000 feet. These services courtesy of
      359 words
  • Page 6 Advertisements
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    • 423 6 o HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCELS AT TAMPINES AVENUE 8 AND SEGAR ROAD 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 Tampines Avenue 8 and Segar Road for 99-year
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 2263 8 3<1?1H, .9<D' Ù.O-)+-)e'MN 'JM6M+&dFIO 5I.Ke+-)M_ -0+e. 6MKI(')e'I-.P-BZZ=Z@?C;Q_ +H<9)D HA<=D /++8/1 ?D+D@/1 .DD<9+? +H<9)D 9> =D@D,K ?95D+ 'Je' 'JM X-&)'J "..&eF WM.M)eF QMM'I.K -L S4R WF-deF RI0I'MN `'JM E -0+e.aD_ cIFF dM JMFN e' =C 4&e( !ea i)I%M^ 5I.Ke+-)M >A=@AZ X)INea^ BB 9O'-dM) BZCZ e' CZ\ZZ e0 L-) 'JM L-FF-cI.K +&)+-(M(:]
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  • Page 9 Advertisements
    • 131 9 ui \^L 2? _o V > <=& fcN OT. LZ MILUS SWISS MADE SINCE 1919 IMAGINE, CREATE LISTEN lO o UlTZc LP °v cn P CO CN C3 CO \7 6 cr w. «0 05 \\W cP CL <3 3> 7? £3 y REPETITION MINUTES RETROGRADE TIRION MILUS THE PLAYFUL
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  • SINGAPORE MARKETS
    • 581 10  -  Greed stimulated by recent upward momentum tempered by fear; ST Index gains 4.9 points STOCKS R SIVANITHY Senior Correspondent JUDGING by yesterday’s feeble session, when the Straits Times Index hovered in a narrow band before ending 4.91 points higher at 3,162.36, program traders
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 3 0 0 0 10 4 3 Manufacturing 76 41 77 8 8 15 84 49 92 Commerce 24 20 27 4 3 5 28 23 32 Tpt/Stor/Comms 17 12 13
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    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,647 29,647 98,266 98,266 Manufacturing 513,222 25,695 538,917 323,473 2,968 326,441 Commerce 76,888 33,839 110,727 112,773 4,740 117,513 Tpt/Stor/Comms 129,944 1,919 131,863 169,513 230 169,743 Finance 22,173 22,173 226,219 226,219 Construction 247,941 15,171 263,112 78,461
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    • 112 10 Stock name Close Change CapMallsAsia 2.290 +0.050 CapitaLand 4.190 +0.060 CapitaMall 2.110 -0.030 CityDev 12.300 -0.140 ComfortDelGro 1.540 DBS Grp 14.420 +0.060 F&N 6.440 -0.080 Genting SP 2.080 +0.040 Golden Agri 0.580 +0.005 HK Land 6.420 -0.170 JMH 46.700 +0.160 JSH 27.480 +0.320 Jardine C&C 39.400
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    • BROKERS’ TAKE
      • 276 10 Oct 5 close: $4.63 DBS Group Research, Oct 5 SIA Engineering as a member of the Airbus maintenance, repair and overhaul (MRO) network has been awarded a six-year support package contract by Airbus to provide a complete support package for Singapore Airlines’ (SIA) fleet of five Airbus A340-500
        276 words
      • 535 10  -  OCBC Investment Research, Oct 5 Compiled by JOYCE HOOI WE believe the worldwide semiconductor industry is likely to peak in Q3 2010, after showing signs of moderating growth in recent months. According to the Europe Semiconductor Industry Association, global semiconductor sales continued to grow by a slower pace
        535 words
    • 533 10 Euro rises broadly; reverses climb vs yen CURRENCIES Reuters [NEW YORK] The euro jumped against the dollar yesterday on reported Asian buying amid expectations of US quantitative easing, pushing the greenback to an 8-1/2 month low against a basket of currencies. The yen temporarily fell after the Bank of Japan
      Reuters; REUTERS  -  533 words
    • 4 10 DAILY
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    • 66 10 Oct 5 VALUE CLOSE BT OB/OS 182.00 -6.00 BT CADI -*****.00 +94.00 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 780.00 +0.05 FTSE ST Small Cap 578.69 +5.54 FTSE ST All Share 781.29 +1.42 FTSE ST China Top 284.98 -0.18 FTSE ST China 317.59 -2.78 FTSE
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    • 56 10 VOLUME Yongnam 164,001,000 Genting SP 138,749,000 *Genting HK US$ 72,395,000 Bio-Treat 58,894,000 JES 54,124,000 GMG Global 50,967,000 Marco Polo 46,148,000 Lorenzo 45,344,000 Beng Kuang 38,770,000 Datapulse 38,764,000 VALUE($) Genting SP 284,075,660 OCBC Bk 79,275,900 Wilmar 78,282,480 Keppel Corp 62,304,880 UOB 60,396,920 CapitaLand 59,025,262 SingTel 58,215,750 SembMar 52,426,520
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    • 114 10 BY CENTS CLOSE UP DBXT AUDMM 5US$ ***** 340.4 1.4 GLD 10US$ ***** 117.0 0.7 Lyxor India Nifty 10 1869 99.0 5.6 DBXT FTVietnam 10US$ 3699 86.7 1.8 DBXT iBoxxKR 5US$ ***** 61.8 0.4 JSH 2748 42.1 1.2 DBXT MSKorea 10US$ 5260 36.8 0.5 DBXT iBoxxSing 5SG$ ***** 34.0
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    • 121 10 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -90.7 -0.5 DBXT MSTHAI 10US$ 1495 -53.9 -2.7 Jardine C&C 3940 -40.0 -1.0 DBXT AUDMM 5SG$ ***** -25.0 -0.1 HK Land 642 -22.3 -2.6 DBXT SPASX200 10US$ 3164 -18.4 -0.4 Asia Pac Brew 1750 -18.0 -1.0 CityDev 1230 -14.0 -1.1 STXPO
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    • 87 10 Where S$ stands Oct 5 CHNG YR 2010 CLOSE FR Oct 4 S$ LOW S$ HIGH US$ 1.3137 0.08 1.4219 1.3137@ Euro 1.8098 -0.65 2.0153 1.6886 Pounds 2.0887 -0.64 2.2831 2.0003 A$ 1.2621 0.60 1.2960 1.1515 Yen* 1.5761 0.22 1.6080 1.4467 Rupiah* 0.***** 0.17 0.***** 0.0147@ Baht* 4.3579 -0.06
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  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • Page 13 Advertisements
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      269 words

  • SINGAPORE NEWS
    • 482 14  -  Analysts say interest in the two executive condo plots will probably be tepid Reports by UMA SHANKARI THE Housing Development Board (HDB) has released two more executive condominium (EC) sites one at Tampines Avenue 8 and the other at Segar Road for
      482 words
    • 414 14 THE compensation structure for real estate agents here remains a hindrance to making the industry more professional, panellists at a congress said yesterday. Most property agents in Singapore get a lot of their income from commissions, which can drive them to try to close
      FILE PHOTO  -  414 words
    • 458 14  -  They can then bag overseas jobs by offering value-add By KAREN NG SINGAPORE process companies need to move up the value chain to offer higher value-added services if they are to exploit overseas business opportunities, said Minister for Trade and
      458 words
    • 390 15  -  Rise in new export orders, inventory, finished goods, imports, input prices By NISHA RAMCHANDANI SINGAPORE’s manufacturing economy contracted for the second time after previously expanding for 15 months straight, as the Purchasing Managers’ Index (PMI) for September registered a 49.5. A reading above 50
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    • 339 15  -  By NISHA RAMCHANDANI NINETY per cent of companies here plan to spend more on customer service training because they believe doing so is a sure-fire way to boost the top line, a survey has shown. Compared with customers in other Asian markets, such
      339 words
    • 280 15  -  By ARTHUR LEE LIFE has its ups and downs. We win some, we lose some. But for some, the loss shall be permanent. To help those who face their final moments, the Singapore Hospice Council (SHC) is seeking at least 300 cyclists to participate
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  • Page 14 Advertisements
    • 302 14 2 0 10 ASEAN's Largest International Machine Tools and Metalworking Technologies Trade Exhibition Conference 24 th Edition Metalex 2010 ASEAN's Largest International Machine Tools and Metalworking Technologies Trade Exhibition Conference 24th Edition 24th-27th November 2010 BITEC, Bangkok Thailand www.metalex.co.th BANGKOK EWELRY FAIR Bangkok Gems Jewelry Fair 2011 Thailand The World's
      302 words

  • Page 15 Advertisements
    • 232 15 A secure property portfolio? Look no further than Malaysia, in Singapore. Malaysia’sNo.1 PropertyDeveloper Prioritise security for a safer environment for your loved ones. As we do with our Safe City Initiative which includes the installation of a comprehensive 24-hour CCTV surveillance system, street patrols by a trained security force, building
      232 words

  • NAVIGATE THE NEW
    • 1526 16  -  MICHELLE QUAH finds out how firms have had to rethink their strategies and figure out a different way to build sustainable businesses MICHELLE QUAH THE global financial and economic crises have created a new world order, where traditional rules no longer apply. This has meant
      1,526 words
  • Page 16 Advertisements
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  • ECONOMY WATCH
    • 616 17 India, Thailand and others worry hot money pushing up their currencies Reuters [BANGKOK] Policymakers of emerging Asian economies yesterday voiced concerns over hot money that is pushing up their currencies, with India and Thailand saying they were looking at steps to control the flow
      Reuters; REUTERS  -  616 words
    • 318 17 AP [RHODE ISLAND] US Federal Reserve chairman Ben Bernanke said on Monday that the economy could be helped by another round of asset purchases by the central bank. Mr Bernanke’s comment reinforces analysts’ beliefs that the Fed is likely to take
      AP  -  318 words
    • 337 17 Bloomberg [DUBLIN] Ireland’s credit rating may be cut by Moody’s Investors Service after the government pledged as much as 50 billion euros (S$90 billion) to save the country’s banks. Ireland’s Aa2 rating will “most likely” be cut by one level if a downgrade goes
      Bloomberg  -  337 words
  • Page 17 Advertisements
    • 76 17 Congratulations to Health Sciences Authority for winning the Eighth Annual MIS Asia IT Excellence Awards (Best Business Enabler Public Sector) for its Laboratory Integrated Scientific Administration System (LISA) n iL- H 1 1M jr. VI Y' 1 ---m v v. ••>39^ 0*.T "v f fcV* 'f V i »o V.t:
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  • MALAYSIA/INDONESIA
    • 461 18  -  They suggest govt build low-cost homes, tackle unsold bumi stock By PAULINE NG MALAYSIAN developers have asked the government to take several policy burdens off their shoulders, including the provision of low-cost homes. The building of low-cost homes is a social engineering tool, and the
      461 words
    • 399 18 [JAKARTA] Bank Indonesia kept borrowing costs at a record low as slowing inflation gave policymakers room to put off an interest rate increase that could spur capital inflows in South-east Asia’s largest economy. The central bank maintained its reference rate at 6.5 per cent for a
      REUTERS  -  399 words
    • 250 18 AP Reuters [JAKARTA] Indonesia’s president abruptly cancelled a state visit to the Netherlands yesterday after overseas separatists demanded his arrest. Susilo Bambang Yudhoyono who was scheduled to leave yesterday afternoon made the announcement after his luggage had been loaded onto his plane. He told reporters
      AP; Reuters  -  250 words
    • 160 18 AFP Bloomberg [SYDNEY] Former Malaysian prime minister Mahathir Mohamad was released from an Australian hospital yesterday, three days after being admitted with a chest infection, the hospital said. Dr Mahathir, 85, who has been in Australia to address a seminar in Melbourne, will remain under
      AFP; Bloomberg  -  160 words
  • Page 18 Advertisements
    • 2306 18 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES o CENTILLION ENVIRONMENT RECYCLING CENTILLION ENVIRONMENT RECYCLING LIMITED (Company Registration No. *****6445M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Centillion Environment Recycling Limited ("the Company") will be held at
      2,306 words
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    • 21 18 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • GREATER CHINA
    • 595 19 Euro left at mercy of depreciating currencies in China, US, Japan, Britain Bloomberg Reuters [BRUSSELS] China has snubbed pleas for a faster appreciation of the yuan, triggering concern that Europe’s faltering economic recovery may suffer a further blow. European officials voiced
      Bloomberg; Reuters  -  595 words
    • 379 19 Bloomberg [SINGAPORE] The MSCI China Index may fall 10 per cent to 15 per cent this quarter as the government focuses on structural reform instead of boosting the economy as growth moderates, Royal Bank of Scotland Group Plc said. Premier
      Bloomberg  -  379 words
    • 611 19  -  By CHUANG PECK MING TOGETHER, the world fought off the Great Recession and various countries must together do what it takes to ensure lasting economic growth. That’s the conclusion the 48 leaders at the eighth Asia-Europe Meeting (ASEM) here reached yesterday, after two days of
      XINHUA  -  611 words
  • Page 19 Advertisements
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  • INDIA
    • 385 20 This follows weakest manufacturing sector growth since last November Reuters [BANGALORE] Business activity in the Indian services sector expanded at a considerably slower pace in September than in the previous month, with the index falling to a 10-month low mainly due to weakness
      Reuters  -  385 words
    • 424 20 Bloomberg [HONG KONG] Reliance Industries seeking to tap foreign demand for assets from Asia’s second-fast-est-growing economy, plans to raise at least US$1 billion in the biggest dol-lar-denominated bond sale by a non-bank India company. The offering by Mum-bai-based Reliance, India’s largest company by market value,
      Bloomberg  -  424 words
    • 523 20 Absence of booths at stadiums faulted for empty seats AFP AP [NEW DELHI] Embattled Commonwealth Games supremo Suresh Kalmadi yesterday blamed empty venues on ticket booths not being set up outside stadiums, but insisted the blunder had been fixed. The troubled
      AFP; AP  -  523 words
  • Page 20 Advertisements
    • 1524 20 KATS NOTICES BUY IT-SELL IT- FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg PERTAMA GROUP PERTAMA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0483W) (the "Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at
      1,524 words
    • 395 20 Whole Building For Rent To Single Tenant 7 Storey Light Industrial Bldg. For Rent to Single Tenant MacPherson Area (Near Tai Seng MRT) Net Lettable: Approx. 33,000sqft, GFA: 42,000sqft Suits Food Related Trade or Others Existing 3 Cold Rooms, 2 Chiller Rooms Cargo Lifts, Private Car Park Lots, Loading Bay
      395 words

  • ASIA-PACIFIC
    • 598 21 Australian dollar falls more than 1% to 95.76 US cents; shares recover AFP [SYDNEY] Australia yesterday froze interest rates at 4.50 per cent for a fifth consecutive month over patchy global growth and moderating inflation, confounding widespread expectations of a rise. The surprise
      AFP; REUTERS  -  598 words
    • 544 21 Dubbed 21st century Corolla, it’s similar to the Etios compact Bloomberg [TOKYO] Toyota Motor Corp, the world’s biggest carmaker, will sell a low-cost car in Thailand similar to the Etios compact that will go on sale in India in December. The new
      Bloomberg  -  544 words
  • Page 21 Advertisements
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  • Page 22 Advertisements
    • 1281 22 IDT INTERNATIONAL HOLDINGS (BVI) LIMITED (Incorporated theBritish irginIsland CompanyRegistratio No.*****4 aa wholly-ownedsubsidiary IDTINTERNATIONALLIMITED (Incorporated Bermud IDTHOLDINGS (SINGAPORE)LIMITED (Incorporated Singapore) CompanyRegistratio No.*****0219E JOINTANNOUNCEMEN PROPOSEDVOLUNTAR DELISTINGOFIDTHOLDINGS(SINGAPORE)LIMITED .1 1. INTRODUCTION 1.1 DelistingProposal. IDTInternationa Holdings(BVI)Limite (the~~~ ~Offeror aa wholly-ownedsubsidiary IDTInternationa Limite ~IDT International andIDTHoldings(Singapore Limite (the ~Company wish announcethattheBoard Directors(the~~~ ~Board ))o fo of
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  • WORLD
    • 382 23 Reuters [PARIS] Former Societe Generale trader Jerome Kerviel was sentenced to five years in prison, with two suspended, by a Paris court yesterday for his role in a trading scandal and ordered to reimburse the French bank 4.9 billion euros (S$8.9 billion). The
      Reuters; AP  -  382 words
    • 701 23 Kan, Wen agree to hold high-level talks after first meeting since row erupted Reuters [TOKYO] Japanese and Chinese leaders say that they want to improve strained ties, but stress their claims to islands at the heart of a bitter row, suggesting that tensions between
      Reuters  -  701 words
    • 908 24  -  It also unveils a five trillion yen expandable fund to buy financial assets By ANTHONY ROWLEY STUNG into action by mounting political pressure for stronger monetary action to counter the strong yen and a weakening Japanese economy, the Bank of Japan
      BLOOMBERG  -  908 words
    • 492 24 Bloomberg [LONDON] Silver, trading near a 30-year high, may climb as much as 21 per cent next year on demand for an investment that protects wealth and also may benefit from industrial usage, according to Deutsche Bank AG. Silver has outperformed gold, global equities,
      Bloomberg  -  492 words
    • 337 24 Reuters [HONG KONG] An artwork by Modernist master Marc Chagall became the most expensive contemporary Western painting sold in Asia when it was auctioned for US$4.18 million after steady bidding in a Hong Kong sale. Auction house Seoul Auction sold Bestiaire et Musique,
      Reuters; XINHUA  -  337 words
  • Page 23 Advertisements
    • 1031 23 How Can YOU Profit From The Property Market DESPITE THE NEW PROPERTY RULING! Do YOU want to OWN properties with LITTLE OR NO MONEY? Register Now for a FREE 2-hours Property Investment Seminar where you can gain insights on: Singapore’s New Property Ruling and How It AFFECTS YOU! Developing The
      1,031 words

  • Page 24 Advertisements
    • 387 24 MATS NOTICES AmendmentstotheScheme ClauseNo. Amendment Definition “Ascertainment Date” TheAscertainmentDatewillbechanged om31July2010 27September2010 Definition "EligibleDebt" This will beamended include the interest accruing the contractualrate omAscertainmentDate EffectiveDate Definition "Excluded Creditor" Thedefinitionwillbechangedsothatthelist Appendix exhaustive Clause5.1(ii) WhavedeletedClause5.1(ii)and enumberedClause5.1(iii) asClause5.1(ii) Clause6.9 The words “and Clause 14” wer inserted after the words “Clause2” Clause6.10 ThetimetabledateshavebeenchangedsothattheCompany mustobtaincourt sanction
      387 words
    • 248 24 JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg feAvft AmendmentstotheScheme ClauseNo. Amendment Definition “Ascertainment Date” TheAscertainmentDatewillbechanged om31July2010 27September2010 Definition "EligibleDebt" This will beamended include the interest accruing the contractualrate omAscertainmentDate EffectiveDate Definition "Excluded Creditor" Thedefinitionwillbechangedsothatthelist Appendix exhaustive 5.1(i) WhavedeletedClause5.1(i)andjoinedupallthesentences formjustClause5.1 6.4(i) AA newclause6.4(i)(e)willbeinsertedsoas provideforthe if i fixed
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  • SIAS INVESTORS' CHOICE AWARDS 2010
    • 1245 25  -  Singapore companies should strive to meet international and global standards of corporate governance, reports JAMIE LEE JAMIE LEE SHAREHOLDERS attending company meetings ought to behave like students heading to class do the homework, listen intently, and ask questions. And while investors here have matured
      1,245 words
    • 1135 26  -  JAMIE LEE The company has constantly honed and refined its corporate governance practices over the years, reports JAMIE LEE SINGAPORE Telecommunications has stood the test of time when it comes to upholding corporate governance. It has clinched the Singapore Corporate Governance Award given out
      FILE PHOTO  -  1,135 words
    • 672 28  -  JAMIE LEE Phillip Securities tries to keep in touch with its clients’ needs, especially as more retail investors are expected to trade online, reports JAMIE LEE PHILLIP Securities is best known for seizing opportunity in Internet trading, being the first in Singapore to offer
      672 words
    • 592 28  -  Its management steered the firm through turbulence and posted a full-year profit, reports JAMIE LEE JAMIE LEE SINGAPORE Airlines (SIA) has extended its winning streak, clinching a prestigious corporate transparency award for the second year running. SIA beat CapitaLand, Singapore Exchange, Singapore Press Holdings, and
      592 words
    • 1087 29  -  Corporate leaders, practitioners, regulators, professional bodies, academics, and investors all have a role to play in driving higher governance standards, says RAJAN EKAMBARAM RAJAN EKAMBARAM The writer is an advisory partner at Ernst Young Advisory THE importance of corporate governance doesn’t diminish even as economies
      1,087 words
    • 1173 31  -  Tiger Airways’ strong tradition of sound corporate governance practices has stood it in good stead, reports JAMIE LEE JAMIE LEE TIGER Airways might be a new cub on the Singapore bourse, but its corporate governance practices stem from a strong tradition. And Tiger
      FILE PHOTO  -  1,173 words
  • Page 25 Advertisements
    • 203 25 MOST TRANSPARENT COMPANY AWARD Property Category CapitaLand Limited Winner for the 10th Consecutive Year REITs Category CapitaMall Trust Winner New Issues Category CapitaMalls Asia Runner-up S to SIAS RS R! NVESTC CHOICE 1 AWARDS SJ AS INVESTO CHOICE 1 AWARDS SIAS INVESTORS CHOICE 1 AWARDS CRYSTAL CLEAR RESULTS. ENDURING SUCCESS.
      203 words

  • Page 26 Advertisements
    • 201 26 LU' A > v: Most Transparent Company Award 2010 (Runner-Up, New Issues Category) SIAS INVESTORS' CHOICE AWARDS 2010 Q M DENTAL CENTRE CITY SQUARE MALL THE CENTREPOINT Tel: *****133 Tel: *****633 Q M DENTAL SURGERY ADMIRALTY ANG MO KIO CENTRAL BOON LAY BOON LAY MRT BRADDELL BT. BATOK BT. PANJANG
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  • Page 27 Advertisements
    • 384 27 SIAS Congratulates Winners of 11™ INVESTORS' CHOICE AWARDS 2010 E SIAS CHOICE AWARDS Towards Excellence In Corporate Governance Transparency SINGAPORE CORRORATI •j r* MAINBOARD Winner SingTel I^^ARB^OllT) Merit Winners Keppel Corporation Bank SINGAPORE MH# W EXCHANGE SINGAPORE CORPORATE GOVERNANCE AWARD ENDORSED BY: ACG A STANDARD PRI C E\/\/ATerhouse(COPERS POOR'S imas
      384 words

  • Page 28 Advertisements
    • 70 28 Our thanks to the Securities Investors Association (Singapore) and investment community for your votes and recognition Micro-Mechanics Most Transparent Company Award (Mainboard Small Caps) of the SIAS Investors' Choice Awards 2010 Complete, Clear Consistent. This award further encourages us to continue pursuing the highest standards in corporate governance, transparency and
      70 words
    • 274 28 We've done it again! THOMSON MEDICAL CENTRE LIMITED MOST TRANSPARENT COMPANY AWARD (MAINBOARD SMALL CAPS CATEGORY) 11th SIAS Investors' Choice Awards 2010 A heartfelt thank you to all who have nominated us again for the Most Transparent Company Award. We remain committed to high standards of corporate governance and transparency
      274 words

  • Page 29 Advertisements
    • 126 29 SMRT Excellence and Integrity, Trusted Service Your trust and confidence in us drive our growth and development. It's what keeps us working hard to uphold a reputation as a progressive and reliable transport service provider, and to be the customer's choice. Guided by our high governance standards, we live by
      126 words
    • 40 29 Our Heartiest Congratulations To LOGISTICS TRUST Managed by ARA-CWT Trust Management (Cache) Limited On Being Awarded Most Transparent Company Award 2010 Runner-up, New Issues Category SIAS Investors' Choice Awards 2010 Q MACQUARIE r tar Chartered II DBS Living, Breathing Asia
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  • Page 30 Advertisements
    • 113 30 A TOAST TO TRANSPARENCY Once again, SPH is the clear winner with the Most Transparent Company Award* at the SIAS Investors' Choice Awards 2010. S2l I Engaging Minds, Engaging Minds, Enriching L ves We are also proud to announce that our financial journalists are honoured fortheir editorial excellence. z The
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  • Page 31 Advertisements
    • 213 31 Tat Hong Holdings Ltd is proud to be recognised as the Most Transparent Company (Construction Category) at the SIAS 11th investors' Choice Awards 2010 l\ L U <*..»■ B mm I. ft J/ 7. r* r em u m I Mi k i tough Wl Established almost half a century
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  • EDITORIAL & OPINION
    • 478 32 EDITORIAL A WEEK ago, the US House of Representatives passed a bill that effectively took a step forward towards enabling the US Commerce Department to slap duties on imports from countries that have “fundamentally undervalued” currencies. Although China was not mentioned by name,
      478 words
    • 1028 32  -  To successfully meet new requirements, banks should start implementation efforts early By LEONG KOK KEONG ,GARY CHIA Leong Kok Keong is a partner and head of Financial Services, and Gary Chia is partner and head of Financial Services Regulatory Compliance, at KPMG
      REUTERS  -  1,028 words
    • 820 32  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent BEN Bernanke, the chairman of the US Federal Reserve Board, has given a broad hint that the slowing US economy requires another bout of quantitative easing. Expecting a further flood of dollars, the greenback has
      820 words
    • 1157 33  -  A post-crisis real reckoning is still to come and it may not be far away ANTHONY ROWLEY Tokyo Correspondent THOSE who, like myself, predicted that the Asian growth model would need to be redesigned in the wake of the global financial crisis have
      REUTERS  -  1,157 words
    • LETTERS TO THE EDITOR
      • 427 33  -  Larry Haverkamp I REFER to the story, “Casinos find their El Dorado in S’pore” (BT, Sept 17). The article points out that Marina Bay Sands (MBS) is doing great. To name just two games, it earned more than its peers on slot machines
        427 words
      • 209 33  -  Denis Distant I REFER to the article “Time to do away with voting by show of hands?” (BT, Oct 5) and note no mention of the proposed alternate method of vote counting. With only a handful of companies currently prepared to bear the
        209 words
    • 886 33  -  WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own WARREN Buffett says China’s BYD Co has “momentum”. It may have more to do with his name than the company’s. Such is the power of the
      886 words

  • Page 33 Advertisements
    • 941 33 SUN EAST GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Special General Meeting of Sun East Group Limited (the “Company”) will be held on 28 October 2010 at FTSE Room, Level 9, 168 Robinson Road, Capital Tower, Singapore
      941 words

  • Transport HUB
    • 679 34  -  Sibcon delegates should also bear in mind the UNCCC STRAIT TALK By DAVID HUGHES THE word from the Maritime and Port Authority of Singapore (MPA) is that, with three weeks to go, this year’s Singapore International Bunkering Conference and Exhibition (Sibcon) is set to be
      679 words
    • 324 34 Reuters [SINGAPORE] Crude oil freight rates on major routes fell to a 2010 low this week due to a rise in the number of unchartered vessels in the Middle East and a lull in Asia trading with China on holiday. The world’s benchmark Very
      Reuters  -  324 words
    • 88 34 Reuters [PARIS] A strike at France’s top oil port, the world’s third-largest, entered its ninth day yesterday, threatening to halt production at some refineries. The strike, which is blocking dozens of oil tankers, has trimmed output at some oil processing plants and pushed up
      Reuters  -  88 words
    • 183 34 NOMINATIONS for the 2011 Singapore International Maritime Awards (IMA) are open. And the Maritime and Port Authority of Singapore (MPA), which is organising the awards, invites nominations for individuals and firms that have helped develop Singapore as a global hub port and international maritime
      183 words
    • 278 34 SGX '000 Oct 5 S$ +/-Vol CH Offshore 0.56 0.01 958 Chuan Hup Hldg 0.26 unch 230 Cosco Corp 1.85 0.02 9794 CWT Ltd 0.98 unch 622 Ezra Hldgs 1.78 -0.01 2002 First Ship Lea 0.47 0.01 225 Freight Links 0.07 -0.01 436 Grand Banks 0.50 unch 5
      278 words
    • TRANSPORT HUB: AVIATION
      • 448 35 Airline says it may deter leisure tourists more than mainstay business travellers Bloomberg [FRANKFURT] Deutsche Lufthansa, Europe’s sec-ond-biggest airline, and Channel Tunnel train operator Eurostar Group Ltd said that a US travel alert about a possible terrorist threat in the region probably
        Bloomberg; AP  -  448 words
      • 327 35 AFP [MANILA]Emergency talks between Philippine Airlines (PAL) and its cabin crew union collapsed yesterday, with the staff threatening to push on with a strike by the end of the month, the union said. The airline had urged Labour Secretary Rosalinda Baldoz to
        AFP  -  327 words
      • 125 35 Reuters [SYDNEY] Qantas Airways is in talks to buy a Western Australian charter airline for around A$30 million (S$38.2 million) as it seeks to tap into the country’s mining boom, people with knowledge of the matter said yesterday. Qantas was in advanced negotiations
        Reuters  -  125 words
      • 266 35 Reuters [VANCOUVER]Air Canada will resume flights from the Billy Bishop Toronto City Airport in February, the country’s biggest airline said on Monday, initially offering service to Montreal. Air Canada said it will offer passengers up to 15 daily non-stop flights from the
        Reuters  -  266 words
      • 140 35 Bernama [DUBAI] Multinational companies, including from Malaysia, are bidding for a contract to expand Madinah’s Prince Muhammad bin Abdulaziz International Airport. Besides Malaysia, companies eyeing the multi-bil-lion-dollar project come from countries including the United States, Canada, France, Spain, India, South Korea and Turkey. Middle
        Bernama  -  140 words
      • 3000 35 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
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    • TRANSPORT HUB: LAND
      • 279 36 Bloomberg [LONDON] Britain’s coalition government has abandoned proposals for a single high-speed rail line from London to the north of England in favour of a twin-route network that will cost £800 million (S$1.67 billion) more to build. Under the plan, similar to that proposed
        Bloomberg  -  279 words
      • 517 36  -  Mercedes grabs 3rd slot; Toyota stays in the lead, but sales drop a sharp 57.8% By SAMUEL EE BMW continues to speed up the top of the sales chart, followed closely by Mer-cedes-Benz, as the two German luxury makes dominate a shrinking
        517 words
      • 598 36 To overhaul funding, it suggests gas tax hike, mileage charge AP [WASHINGTON] The United States is saddled with a rapidly decaying and woefully underfunded transportation system that will undermine its status in the global economy unless Congress and the public embrace innovative reforms, a bipartisan
        AP  -  598 words
      • 537 36 Bloomberg [LOS ANGELES] Toyota Motor Corp said it hasn’t found evidence that its electronic throttle control caused unintended acceleration, after engineers and technicians investigated more than 4,000 US vehicles whose drivers made such complaints. “Toyota has not found a single case in which
        Bloomberg; AP FILE PHOTO  -  537 words
  • Page 34 Advertisements
    • 48 34 DB SCHENKER Delivering solutions. The main artery of Asia's economy: our Tradelanes. u. r i sJj# 1 ,u\ i\Tl ■4 1 wr*v;.' .<r Z tW *1 1 H x f 1 1,1 W J J? tm* K^sse i i jr v «-,...i i. <9u V' M I tr~Wf
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  • Page 35 Miscellaneous
    • 334 35 CRYPTIC CROSSWORD Across 1 Detectives catching person unknown returned with great energy (7) 5 Soldier’s weapon against indigestion (7) 9 Upright type in novel (5) 10 No oil painting line Japan developed (5,4) 11 Chill first of Riesling in large vessel that will get party going (3-7) 12 Article on
      334 words

  • Page 36 Advertisements
    • 921 36 (Compan RegistrationNo. *****1305R) (Incorporated theRepublic Singapore) Notice of Annual General Meeting NOTICE HEREBYGIVENtha the enty-NinthAnnualGeneralMeeting SinHengHea Machiner Limited(the“Company”)willbeheld Raffl Marina,No.10, uas WWestDrive,Singapore*****4onThursday21October2010 10:00a.m.forthefollo ingpurposes: AS ORDINARY BUSINESS .1 1. TToo recei andadopttheDirectors’Repor andtheAudited inanc Statemen theCompa fortheyearended30June201 togetherwith theAuditors’Reportthereon. (Resolution .2 2. TToo declare nalone-tiertax-exemptcashdividend 0.55Singaporecentsforeachordinar shareheld the pital heCompan
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  • SINGAPORE STOCKS
    • 9070 37 Transaction date: Oct 5 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 13.5 3148 8Telecom 19 unch 55 19 18.5 18.5 19 1.7 9.5 6.1 91 12 5 5834
      9,070 words
    • 1734 38 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 4.5 4 5 25 4.3 225 130 6222 t APStrategic 159 -1 2 159 157 157
      1,734 words
    • 850 38 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 $mil 124 107 6389 ABF SG Bond ETF 119 114.2 116 543.2 992 757 CIMBAsean40 100US$ US990 997 1010 39.6 323 262 DBS STI ETF
      850 words
    • 255 38 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 $mil 56 38 6000 AVJennings A47.5 -4 2 47.5 47.5 47 49.5 3.6 7.4 3.8 123.7 55 16 6017 Genting HK US$ US46 +0.5 *****
      255 words
    • 9387 38 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.27/ APS Alpha Fund (USD)!** 0.97/ 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
      9,387 words
  • Page 37 Advertisements
    • 66 37 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
      66 words


  • FINANCE & COMMODITIES
    • 374 39 In local curr In S$ In US$ dy yr dy yr dy yr Oct 4 Index Change Change Change Change Change Change World Index Preliminary 828.2 -0.7 -0.5 -0.6 -5.9 -0.7 0.6 EAFE Preliminary 756.9 -0.6 -3.6 -0.6 -7.9 -0.8 -1.6 Europe Preliminary 1107.8 -0.8
      374 words
    • 132 39 Oct 5 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2600 1.2980 Can dollar 1.2780 1.2940 Euro 1.7870 1.8080 NZ dollar 0.9640 0.9850 Sterling pound 2.0690 2.0930 US dollar 1.3080 1.3230 Local dollars to 100 units of foreign
      132 words
    • 27 39 Oct 5 Open High Sett STI Oct 3160 SIMSCI Oct 370.5 372.0 371.5 Taiwan Oct 290.1 290.4 289.1 Source: MF Global (S) Pte. Ltd
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    • 178 39 Oct 5 Bid $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ 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 0.63 0.43 9 months 0.80 0.60
      178 words
    • 24 39 Oct 5 S$ Bid Offer 1-month 1.3141 1.3153 2-months 1.3140 1.3153 3-months 1.3141 1.3153 6-months 1.3139 1.3152 Source: OCBC Source: OCBC
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    • 66 39 Oct 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Oct 10 2700 2715 2715 2700 164 556 Nov 10 2671 2702 2709 2663 1449 ***** Dec 10 2668 2705 2705 2658 7573 ***** Jan 11 2681 2703
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    • 419 39 Oct 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6450 0 7402 Mar11 99.5850 0 1512 Jun11 99.5150 0 1871 Sep11 99.4350 0 486 EUROYEN TIBOR FUTURES Dec10 99.6900 99.7225 99.6900 99.7025 100 2876 Mar11 99.7250 99.7250 99.7250 99.7275 0 1311 Jun11 99.7400 99.7600 99.7300
      419 words
    • 140 39 Oct 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 369.0 368.0 369.0 10 Dec 10 370.0 370.0 370.0 18 Jan 11 371.0 Feb 11 371.1 371.1 371.1 2 Mar 11 372.5 Apr 11 373.0 May 11
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    • 88 39 Oct 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 06.01.2011 0.29 0.23 0.23 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.13 5-Year N*****0S 2.875 01.07.2015 109.30 109.35 109.35
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    • 105 39 Oct 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1054.00 1057.00 1061.50 1042.00 Jan 11 1064.00 1066.75 1070.75 1052.50 Mar 11 1072.50 1075.00 1078.75 1060.75 May 11 1076.50 1078.25 1082.25 1064.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 43.10 43.49 43.62
      105 words
    • 77 39 CRUDE OIL PRODUCTS Oct 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.98 0.87 WTI (Near Mth) 81.57 -0.05 Dubai (1-Mth F) 80.30 0.11 Tapis blend 89.65 0.20 Minas 83.00 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.83 1.56 Jet Kerosene 93.30 0.55 US$/barrel Opec Oil
      77 words
    • 2343 39 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 3 unch 380 1 3 -8 2.17 2 6221 Asia-Pacific Strategic W*****6 39 1 150 19 4.08 43 6227 ASJ Hldgs W*****1 2.5 1 4
      2,343 words
    • 464 39 Oct 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.980 6.416 0.696 7.438 42.817 85.697 0.799 10.843 2.974 1.292 82.591 41.993 1.261 6.708 0.929 29.775 28.905 0.605 0.959 Canada 1.020 6.546
      464 words
    • 85 39 Oct 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 39 Oct 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2597 1.2615 0.9586 0.9591 Canadian dollar 1.2851 1.2871 0.9779 0.9786 Euro 1.8089 1.8110 1.3765 1.3769 NZ dollar 0.9752 0.9765 0.7421 0.7424 Sterling pound 2.0822 2.0846 1.5845 1.5849
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    • 138 39 Oct 5 GOLD (US$/oz) Oct 04 Oct 05 Hong Kong 1316.60 1323.30 Oct 04 Oct 01 London 1314.50 1318.40 1315.25 1318.85 Source: Thomson Reuters CAST BAR Oct 05 (S$) Selling Buying Kilobar 59,845.10 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 134 56 5gm 381 279 10gm 680
      138 words
    • 71 39 Oct 4 Oct 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2330.50 2328.75 3 months 2363.00 2359.00 Copper, Grade A (US$/tonne) Cash 8048.50 8088.00 3 months 8064.00 8100.00 Lead (US$/tonne) Cash 2249.00 2268.75 3 months 2277.00 2295.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 39 Oct 4 COCOA (£/tonne) Close Prev High/Low Dec 10 1847 1868 1872/1846 Mar 11 1867 1886 1890/1865 May 11 1886 1903 1905/1885 Jul 11 1900 1915 1919/1899 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1634 1725 1714/1617 Jan 11 1661 1750 1739/1645 Mar 11 1984 1772 1759/1670 May 11
      82 words
    • 5688 40 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 41 Advertisements
    • 28 41 r FREIGHT FORWARDER urgently needed by shippers I Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • Page 42 Advertisements
    • 357 42 PICK UP A PROPERTY FOR US$50K ONLY! ClVf A DT Investment C5lTJLr\IVX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT SMART exhibitor American Foreclosure Property Group who locates value buys on properties sold by banks or secured through auctions will be offering all visitors the chance to own
      357 words

  • Page 43 Advertisements
    • 565 43 Watch PUBLIC INSIGHT tonight for real-time investment, real-life tips More listed companies on SGX are enjoying the benefits of television exposure on Public Insight programme. Seize the opportunity to leverage on our effective penetration to connect with institutional and retail investors throughout Asia! PT Id TREASURYCHINATRUST m 1 i u.
      565 words

  • executive Money
    • 1253 44  -  Two factors point to an unlikely repeat of the 1970s bear market low US interest rates and dynamism of the emerging markets MONEY MATTERS LIM SAY BOON The writer is chief investment officer, DBS, Private Banking THERE is bad news, good news and even
      Source: Bloomberg  -  1,253 words
    • 725 42 After a miserable decade, signs are pointing to a revival by large-cap stocks NYT [NEW YORK] Ever since big blue-chip domestic stocks fell out of favour in early 2000, many market strategists have regularly been predicting their imminent return to glory. In
      NYT  -  725 words
    • 670 43  -  Equity valuations are compelling but no one wants to jump in yet: Legg Mason CEO By GENEVIEVE CUA INVESTORS may be nearing an inflection point in terms of their risk appetite, says Legg Mason chairman and chief executive Mark Fetting, who believes equity valuations
      FILE PHOTO  -  670 words
  • Page 44 Advertisements
    • 103 44 Emerging Market Funds UP, Wisdom never emerges overnight. On the ground expertise. Local understanding. Years of detailed research. That's the wisdom behind every one of our funds. J.P. Morgan a signature that delivers over 140 years of unparalleled wisdom to your investment portfolio. Talk to your investment advisor about our
      103 words
    • 9 44 EQUITIES Investors ‘may be near inflection point’ PAGE 43
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