The Business Times, 8 October 2010

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Microfilm: NL30913
Total Pages: 43
1 43 The Business Times
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  • Title Section
    Lock icon Masthead
    78 1 THE BUSINESS TIMES S$1.00 MICA (P) 138/08/2010 CO REGN NO *****2868E Friday, October 8, 2010 S$1.00 online at http://www.businesstimes.com.sg MICA (P) 138/08/2010 CO REGN NO *****2868E Friday, October 8, 2010 S$1.00 MICA (P) 138/08/2010 CO REGN NO *****2868E Friday, October 8, 2010 S$1.00 MICA (P) 138/08/2010 CO REGN NO *****2868E
    78 words
  • Article
    Lock icon Broadcast group wants pay-TV policy revoked
    660 1  -  Some say it fears other regulators may follow suit By WINSTON CHAI [SINGAPORE] Months of industry talks have failed to change the opinion of a regional broadcast group on Singapore’s controversial pay-television policy. In fact, the Cable Satellite Broadcasting Association of Asia (Casbaa) has
    660 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 3,166.65 (-23.42) ST INDEX FUTURES 3,165 (-23) SIMSCI 371.78 (-3.08) SIMSCI FUTURES 371.40 (-3.00) FOREX US$ S$ US$ (S$ per US$) 1.305 (US$/S$ per 1.590 2.075 EURO (US$/S$/E) 1.399 1.824 Foreign currency per US$ S$ YEN 82.40 63.10 RM 3.088 2.367 HK$ 7.756 5.945 BAHT 29.87
    140 words
  • Article
    Lock icon A wider welcome mat to woo global firms
    685 1  -  EDB to partner industry bodies like SBF to attract mid-sized outfits, Asian companies By TEH TEH SHI NING [SINGAPORE] The Singapore government is stepping up efforts to woo global mid-sized companies and Asian enterprises, by roping in industry bodies. In the next
    685 words
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      52 1 FESTIVALS Bottoms up in Munich STOCKS IN PLAY OUE shares plunge on placement news PAGE 9 PAGE 36 HOCK LOCK SIEW Timely for DBS to strike deal for asset management arm PAGE 7 COMMENTARY Tackling ageing population woes PAGE Second coming EXECUTIVE LIFESTYLE PAGE 34 Holiday on ice Luxury Travelogue
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      7 1 Olam, Mindef lauded for innovation, Page 10
      7 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      601 2 A wider welcome mat to woo global firms THE Singapore government is stepping up efforts to woo global mid-sized companies and Asian enterprises by roping in industry bodies. In the next six months, the Economic Development Board plans to partner 10 “multipliers” in a concerted move to ease
      601 words
    • Article, Illustration
      Lock icon Michelle Obama most powerful woman: Forbes
      474 2 Reuters [NEW YORK] US First Lady Michelle Obama beat heads of state, chief executives and celebrities to rank as the world’s most powerful woman in Forbes magazine’s annual listing on Wednesday. Kraft Foods chief executive Irene Rosenfeld, who led a hostile US$18 billion takeover
      Reuters; Source: Forbes  -  474 words
    • Article, Illustration
      Lock icon China draws line in the sand on yuan
      668 2  -  Wen says forcing China to appreciate currency could have disastrous fallout By CONRAD TAN [SINGAPORE] China has made it clear that it won’t bow to demands by the United States and Europe to boost its currency more quickly, warning that an unstable
      REUTERS  -  668 words
    • Article
      Lock icon More efficient law and order last year
      558 2  -  By MICHELLE QUAH [SINGAPORE] Law and order in Singapore improved in efficiency last year, according to respective reports issued by the Commercial Affairs Department (CAD) and the High Court. According to CAD’s annual report, commercial crimes registered a 3.76 per cent dip to
      558 words
    • Article, Illustration
      Lock icon Regulating online gaming one of key issues
      655 4  -  Effort will be strong in S’pore following opening of the two Integrated Resorts By GRACE LEONG [SINGAPORE] Regulating online gaming will be among key challenges faced by various jurisdictions worldwide as efforts to legalise this form of gambling gather momentum, according to a
      BLOOMBERG  -  655 words
    • Article, Illustration
      Lock icon Gold climbs to 3rd new peak as Fed easing looms
      726 4 Reuters [LONDON] Gold rose to a third successive record high yesterday, putting it on track for its strongest weekly performance in six months, as expectations for the Federal Reserve to prop up the economy undermined the dollar. The Fed was
      Reuters; BLOOMBERG  -  726 words
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      136 words
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      626 words
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      89 5 Her manuscript was rejected. Her manuscript was rejected. Her manuscript was rejected. Sold hundreds of millions of books in multiple languages worldwide. You know who she is. We know who you are. Quitting isn’t an option for those hungry to succeed. At CIMB Preferred, we recognise how much you’ve worked
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Algo trading needs clear rules: SGX chief
      583 6  -  Bocker signals urgent need for exchange to grow bigger and faster SGX AGM By JAMIE LEE THERE should be clear rules spelt out for high-fre-quency trading, Singapore Exchange (SGX) chief executive Magnus Bocker said yesterday, citing the example of the use of circuit
      FILE PHOTO  -  583 words
    • Article
      Lock icon JY Pillay and the humorous Exchange
      350 6  -  By JAMIE LEE IT WAS a shareholders’ meeting laced with good humour and compliments, as Singapore Exchange (SGX) chairman JY Pillay led his final annual general meeting at SGX yesterday. Representing the board, lead independent director Low Check Kian praised Mr Pillay for his
      350 words
    • Article
      Lock icon Timely for DBS to strike a deal for asset management arm
      655 7  -  HOCK LOCK SIEW By S IOW LI SEN THE news that DBS Group Holdings is looking to sell its asset management arm in return for a small stake in the buyer is not unexpected given the consolidation in the
      655 words
    • Article
      Lock icon Boustead unit wins TPU deal
      289 7  -  By JOYCE JOYCE HOOI BOUSTEAD Singapore’s wholly owned subsidiary, Boustead Salcon Water Solutions Pte Ltd, has won a multi-million dollar contract to design, engineer and construct a water treatment and return condensate plant for Tuas Power subsidiary TP Utilities Pte Ltd (TPU). The contract was
      289 words
    • Article
      Lock icon Yamada IPO shares 5.3 times subscribed
      267 7  -  By LYNN KAN MUSHROOM grower Yamada Green Resources has reported a strong response to its initial public offering of 105 million shares for a mainboard listing. The invitation shares priced at 22 cents each comprised two million publicoffer shares and 103 million placement shares.
      267 words
    • Article
      Lock icon OUE shares plunge on placement news
      423 9  -  The latest share sale will boost the company’s liquidity, say analysts STOCKS IN PLAY By UMA UMA SHANKARI SHARES of developer and hotel operator Overseas Union Enterprise (OUE) fell as much as 7.5 per cent yesterday, a day after the company said its biggest
      423 words
    • Article, Illustration
      Lock icon Spate of ‘buy’ calls lifts Cosco shares
      468 9  -  Shipyard group’s stock price up more than 60% this year By LYNN KAN THE share price of main-board-listed Cosco Corporation (Singapore) has been lifted lately by a series of upgraded calls by brokerages. The latest is from CIMB, which has revised Cosco from
      468 words
    • Article
      Lock icon Kreuz shares up 5.6%
      95 9 Reuters SHARES of Singapore’s oil and gas services firm Kreuz Holdings rose 5.6 per cent to close at 47.5 cents yesterday after the company said it had secured a contract worth US$7.6 million. More than 27.3 million shares changed hands. “The outlook for Kreuz is pretty
      Reuters  -  95 words
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      68 7 Buy Overseas Property at 10% of Singapore Prices! Pick Up A Property For US$50K Only! CIV/T A DT Investment k3lT ArVIVl. International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT Hundreds of properties on offer at the SMART Investment International Property Expo, Hall 401, SUNTEC Singapore, 11 am-8pm, October
      68 words
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      139 7 I Better sound through research Come and EXPERIENCE what we thought was impossible. To US, research is not simply about creating a new product. It's about creating an experience that wasn't possible before. 66 Imagine what kind of experience could emerge from a team of dedicated researches charged with one
      139 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks fall on expected US weakness
      575 8  -  ST Index loses 23 points; market turnover lifted by placement of 120 million OUE shares STOCKS R SIVANITHY Senior Correspondent AFTER gaining 27 points on Wednesday, the Straits Times Index (STI) shed 23.42 points to 3,166.65 yesterday as Hong Kong reversed and Europe opened
      Source: Bloomberg  -  575 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Oct 7 VALUE CLOSE BT OB/OS 129.00-116.00 BT CADI -*****.00-100.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 778.34 -4.96 FTSE ST Small Cap 579.43 -0.02 FTSE ST All Share 781.92 -5.32 FTSE ST China Top 286.09 -1.09 FTSE ST China 321.84 -0.74 FTSE ST Catalist
      64 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME OUE 141,623,000 Genting SP 120,282,000 *Genting HK US$ 90,229,000 SinoGrandnes 79,596,000 RenewableEne 40,918,000 Kreuz 27,314,000 Synear 27,171,000 Memstar 24,424,000 ChinaAniH 21,744,000 Noble Grp 21,340,000 VALUE($) OUE 397,889,140 Genting SP 242,968,970 OCBC Bk 68,436,280 SingTel 63,024,200 Keppel Corp 53,799,510 DBS Grp 52,618,440 *Genting HK US$ 52,001,245 SGX
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 2 0 0 0 3 12 2 Manufacturing 43 67 82 9 7 17 52 74 99 Commerce 15 18 31 0 6 4 15 24 35 Tpt/Stor/Comms 8 16 19
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Sembcorp Marine
        370 8 Oct 7 close: S$4.30 Kim Eng Research, Oct 7 FOLLOWING Sembcorp Marine’s latest announcement of contract wins worth potentially up to US$1 billion, we believe that we are on the cusp of a long-overdue revival in equipment spending in the offshore market. We expect to see even more
        Source: Bloomberg  -  370 words
      • Article, Illustration
        Lock icon Tiger Airways
        427 8  -  Oct 7 close: S$1.96 DMG Partners Research, Oct 7 Compiled by JOYCE HOOI TIGER cancelled 40 flights in four days last week when two of its aircraft were grounded. One had a contaminated fuel tank while the other had a fault in its electrical braking system. We understand
        Source: Bloomberg  -  427 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,877 19,877 73,600 73,600 Manufacturing 450,963 62,625 513,588 272,773 11,519 284,292 Commerce 91,283 17,697 108,980 111,929 2,946 114,875 Tpt/Stor/Comms 112,044 4,751 116,795 196,968 463 197,432 Finance 25,913 6 25,919 216,650 1 216,651 Construction 37,525 2,018
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 2.280 -0.040 CapitaLand 4.210 -0.010 CapitaMall 2.140 +0.010 CityDev 12.300 -0.280 ComfortDelGro 1.540 +0.010 DBS Grp 14.420 -0.140 F&N 6.340 -0.010 Genting SP 2.030 -0.050 Golden Agri 0.580 -0.005 HK Land 6.630 -0.020 JMH 47.400 +0.240 JSH 27.360 -0.140 Jardine C&C
      112 words
    • Article, Illustration
      Lock icon Dollar/yen nears 82; A$ sets 27-year high
      507 8 CURRENCIES Reuters [NEW YORK] The US dollar’s downtrend gathered pace yesterday as it slid to a 15-year low against the Japanese yen and an all-time low against the Swiss franc on the prospect of more money-printing by the US Federal Reserve. The Australian
      Reuters; BLOOMBERG  -  507 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 542.5 1.7 GLD 10US$ ***** 193.0 1.1 CMProp 1800 155.0 105.0 STXPO 100 1514 120.0 8.6 DBXT MSJAP 10US$ 3757 46.9 1.0 DBXT iBoxxKR 5US$ ***** 44.3 0.3 Pru 500US$ 1032 41.7 3.2 DBXT SPASX200 10US$ 3300 40.4 0.9 Asia Pac
      108 words
    • Article
      Lock icon FALLS
      118 8 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ *****-151.1 -0.8 DBXT Nifty 10US$ *****-135.6 -0.7 Jardine C&C 3948 -82.0 -2.0 CityDev 1230 -28.0 -2.2 DBXT MSKorea 10US$ 5385 -22.2 -0.3 OUE 285 -20.0 -6.6 JSH 2736 -18.3 -0.5 Creative Tech 440 -17.0 -3.7 DBXT MSBrazil 10US$ 738 -17.0 -1.7
      118 words
    • Article
      Lock icon CURRENCIES
      86 8 Where S$ stands Oct 7 CHNG YR 2010 CLOSE FR Oct 6 S$ LOW S$ HIGH US$ 1.3057 0.30 1.4219 1.3057@ Euro 1.8239 -0.50 2.0153 1.6886 Pounds 2.0785 0.25 2.2831 2.0003 A$ 1.2909 -0.94 1.2960 1.1515 Yen* 1.5826 -0.36 1.6080 1.4467 Rupiah* 0.***** 0.33 0.*****0.*****@ Baht* 4.3698 0.15 4.3764
      86 words
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      25 9 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.coin.sg. MATS
      25 words
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      164 9 TAKING THE LEADING ROLE. WEALTH. WHAT'S IT TO YOU? If wealth to you means being in prime position to further your ambitions, you will find us perfect partners. At Barclays Wealth, we provide expert guidance on the use of wealth and the independence it allows. As fellow lovers of the
      164 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Wing Tai top bidder for Petir Road site
      462 10  -  Residential project on the site can sell for around $750$800 psf: analysts By UMA SHANKARI WING Tai Holdings has beaten eight other bidders with its top offer of $177.4 million or $345 per square foot per plot ratio (psf ppr) for a
      462 words
    • Article
      Lock icon GSK to fund projects on medicine in Asia
      330 10  -  By NISHA RAMCHANDANI PHARMACEUTICAL and healthcare company GlaxoSmithKline (GSK) is funding four collaborations through its Academic Centre for Excellence (ACE) programme as part of its bid to promote the discovery and development of medicine in Asia. The projects cover areas that include
      330 words
    • Article
      Lock icon Learn all about franchising at FLAsia 2010 this month
      327 10 SINGAPOREANS who want to emulate successful business models can do so when Franchising and Licensing Asia 2010 (FLAsia 2010) comes to town. To be held at Marina Bay Sands from Oct 21-23, the event will feature some 150 international franchises, licences
      327 words
    • Article
      Lock icon Olam and Mindef lauded for innovation
      235 10 SingTel’s group chief executive also singled out for leadership at Frost Sullivan awards ceremony OLAM International and the Ministry of Defence were recognised for innovation excellence at the Frost Sullivan Growth, Innovation and Leadership awards ceremony held last night in conjunction with the Global
      235 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon More IT courses for disabled people
        56 10 THE Infocomm Accessibility Centre (IAC) and Microsoft Singapore yesterday announced plans to increase services and the number of IT courses for people with disabilities. Microsoft Singapore will also donate an additional $1 million to IAC. These initiatives will help people with disabilities have more
        56 words
      • Article
        Lock icon Anti-counterfeiting pact draft released
        65 10 AFTER a successful conclusion to negotiations on the Anti-Counterfeiting Trade Agreement (ACTA) on Oct 2, the finalised draft text of the multilateral agreement was released on Wednesday. Participating countries include Singapore, Australia, Canada, Japan, the US and Switzerland, among various nations. ACTA’s objective is to set
        65 words
      • Article
        Lock icon ACRA attends int’l forum in Madrid
        63 10 THE Accounting and Corporate Regulatory Authority, better known as ACRA, attended the eighth meeting of the International Forum of Independent Audit Regulators (IFIAR). It was held in Madrid from Sept 27-29. Members of 37 jurisdictions attended. Set up in 2006, IFIAR aims to help
        63 words
      • Article
        Lock icon HSBC donates $100K to five organisations
        60 10 HSBC Insurance gave a $100,000 donation to five Muslim and non-Muslim beneficiary organisations yesterday. The five recipients were Lembaga Biasiswa Kenangan Maulud, the Muslim Kidney Action Association, Muhammadiyah Kindergarten, Singapore Islamic Scholars and Religious Teachers Association (PERGAS), and Singapore Hospice Council. HSBC Insurance (Singapore)
        60 words
    • Article
      Lock icon Tuas Power’s $800m plan to upgrade plants
      528 11  -  Award soon of job to convert oil-fired steam plant into gas-firing ones By RONNIE RONNIE LIM TO TAKE advantage of coming LNG supplies in early2013, China Huaneng Group will be spending an additional, estimated $800 million to “repower” Tuas Power’s two older oil-fired
      528 words
    • Article
      Lock icon EY reports global revenue of US$21.3b
      242 11 PROFESSIONAL services firm Ernst Young (EY) has announced combined global revenue of US$21.3 billion (S$27.8 billion) for the fiscal year ended June 30, 2010. This ranks it third among the Big Four, behind Deloitte Touche Tohmatsu and PwC, which reported global revenue of US$26.6
      242 words
    • Article, Illustration
      Lock icon 13 local companies honoured for infocomm innovation
      392 11  -  By VICTORIA HO THE Infocomm Development Authority (IDA) honoured 13 local companies at its biennial National Infocomm Awards (NIA) ceremony last night. The winners were selected from a pool of nominated companies from different sectors. The awards are handed out in two categories:
      FILE PHOTO  -  392 words
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      170 10 t 7 M k 1* T> M |4* f r* y r WINE DINE AND HOSPITALITY The annual World Gourmet Summit Awards of Excellence seeks to recognise Singapore and Asia's best food and beverage (F&B) industry players, to reward their efforts in bringing the region's gastronomic scene 1NAGIKU to a
      170 words
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      Lock icon Page 10 Advertisements Column 2
      24 10 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      24 words
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      115 11 J school ***** Master the code of business ***** MASTER CLASS SINGAPORE October 11 th 19:30 Gallery Hotel 1 Nanson Road Management Beyond the Market Ranked as one of Europe's top business schools by international journals such as Financial Times, The Economist, BusinessWeek, Forbes, and The Wall Street Journal, IE
      115 words
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      175 12 m I: w m m 'A 1 J k I m /■it;. ■MaMf Mfe*. I 2£ :o sM v* a •\r-ss k! J§ji V< $®S PJS i X v mV V iu V w n u \i. Ik\ StC M pjk\ h. m'* ,J* 4 '"l "J i yUl N
      175 words
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  • ECONOMY WATCH
    • Article
      Lock icon Plaza 2.0 won’t be good for China
      401 13  -  A sharp revaluation of the yuan will punish its mostly low-tech exporters i|8S REUTERS BREAKINGVIEWS By WEI GU TWENTY-FIVE years ago, five countries agreed on a package to adjust the value of the dollar. Prominent US economists such as Fred Bergsten of the
      401 words
    • Article
      Lock icon World Bank, IMF at odds over hot money flows
      594 13 Tension also rising between countries over exchange rates Reuters [WASHINGTON] Emerging economies should consider steps to contain fund flows that could cause currency rallies and asset bubbles, the World Bank chief was quoted as saying this week, but the International Monetary
      Reuters  -  594 words
    • Article
      Lock icon Japan forex reserves hit record high
      349 13 Reuters [TOKYO] Japan’s foreign reserves surged to a record in September after the Ministry of Finance intervened by selling the yen for the first time in more than six years, drawing unwanted attention to imbalances created by currency intervention. Policymakers are at odds over
      Reuters  -  349 words
    • Article, Illustration
      Lock icon Cooperate to rebalance markets: US
      640 13 Competitive dilution could limit global growth: Geithner CURRENCIES AT WAR Bloomberg [WASHINGTON] Treasury Secretary Timothy Geithner called for cooperation to rebalance currency markets and warned of a “damaging dynamic” of competitive weakening that could limit global growth. “More and more countries face stronger pressure to
      Bloomberg; BLOOMBERG  -  640 words
  • Page 13 Advertisements
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      1243 13 ma Lree rust in PREFERENTIAL OFFERING OF 2 NEW UNITS FOR EVERY 25 EXISTING UNITS (FRACTIONS OF A UNIT TO BE DISREGARDED) ISSUE PRICE OF S$0.815 Subscription Closes TODAY! OPENING OF PREFERENTIAL OFFERING Mapletree Logistics Trust Management Ltd. (the "Manager"), as manager of Mapletree Logistics Trust ("MapletreeLog") is issuing new
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sian brewers brace for hike in alcohol duties
      532 14  -  Cigarette prices rise ahead of Budget on talk of likely increase in sin taxes By PAULINE NG MALAYSIA’S brewers are bracing themselves for a decline in sales and an increase in smuggled beer should alcohol duties be raised in the upcoming national
      AFP  -  532 words
    • Article
      Lock icon Rains seen hurting Thailand, Indonesia’s rubber output
      263 14 Reuters [KOCHI, India] Thailand and Indonesia, the world’s top two producers of natural rubber, are likely to produce 9 per cent and 7.7 per cent less respectively than previous estimates due to excessive rains, a senior industry official said. “Unseasonal weather patterns were
      Reuters  -  263 words
    • Article
      Lock icon Indofood CBP jumps 15% on trading debut
      377 14 Reuters [JAKARTA] Indonesia’s PT Indofood CBP Sukses Makmur, the world’s top noodle maker, jumped as much as 15 per cent on its trading debut yesterday as investors snapped up the stock to get exposure to strong Asian consumer demand. The buoyant start for
      Reuters  -  377 words
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      1095 14 MATS cP NOTICES BUY IT- SELL IT- FIND IT Toll free: 1800-289-8822 Email: notices@sph.com. INTHEMATEROF THE OMPANIES CHAPTER50) PURSUANT SECTION290(1)(b AAtt an Extraordinar General eeting fo f of TTSSKLIN (S) PTE ((CCompan Registration No *****1834 duly ccoonnvvened on30 eptember2010,the ffoollowing esolutions set out belo wweerree dulypasse ASSPECIALRESOLUTION )a a)“““ “TThat
      1,095 words
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      342 14 IN THE HIGH COURT OF THEREPUBLICOFSIN APORE OriginatingSummons No. 200/J IN THE MATTER OF SECTION 78G OF THE OMPANIES HAPTER50 AND INTHEMATTEROFNESTRONICSTD. R( R (RCC NNO. 7900 1E) …………Applicant NNOOTICE HEREB GIVEN tthat an Originating Summons led he High Cour he epublic Singapor on October 20 for confiming he rreeduction
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  • GREATER CHINA
    • Article
      Lock icon China for proper control on rare earths exports
      328 15 Reuters [BEIJING] China’s measures to control rare earths’ exports are geared to “sustainable” exploitation of the minerals, Premier Wen Jiabao said in Europe, while pledging not to impose a complete ban on exports. China has gradually reduced export quotas for rare earths
      Reuters  -  328 words
    • Article
      Lock icon Beijing urged to follow global investment rules
      490 15 Acquisitions by companies must not be for nationalistic purposes: US official Reuters [WASHINGTON] As Chinese companies increase investments in developing countries, the United States wants to engage China to ensure that such projects conform to international standards and are not aimed at nationalistic
      Reuters  -  490 words
    • Article
      Lock icon China orders mine bosses to go under ground with workers
      250 15 AP [BEIJING] Mine bosses in China who don’t go under ground with their workers will be severely punished under a new regulation that took effect yesterday in the latest bid to improve safety in the world’s deadliest mines. Chinese Premier
      AP  -  250 words
    • Article, Illustration
      Lock icon China unveils its efforts to curb emissions at UN climate talks
      601 15 World’s top polluter making progress, say environmentalists AFP [TIANJIN] China has seized on its hosting of UN climate talks this week to showcase its efforts to curb carbon emissions, and environmentalists say the top greenhouse gas polluter is making
      AFP; XINHUA  -  601 words
  • Page 15 Advertisements
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      276 15 Norfolk in BREAKFAST POINT Sydney Australia Great Location Strong Community Latest release of 1 and 2-bedroom freehold homes will impress you with their individuality. Live in style, and comfort, be inspired with panoramic views of Sydney Harbour, infused with lush greenery and natural ambience. At Breakfast Point, we are creating
      276 words
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      Lock icon Page 15 Advertisements Column 2
      102 15 33 AUCTION MODERN AND CONTEMPORARY ASIAN ART AUCTION SINGAPORE, 9 OCTOBER 2010 MI V.; V FR. 1 14 T t r < if. A V 7* r Cr V? "JSA' ARMY PRINCESS 180 x 130 CM AUCTION SATURDAY 9 OCT 2010 AUCTION 12:30 PM ROYAL PAVILION BALLROOM THE REGENT SINGAPORE
      102 words
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  • INDIA
    • Article
      Lock icon IMF raises India’s 2010 growth forecast
      408 16 It says economy will expand 9.7% this year, keeps 2011 forecast at 8.4% Bloomberg [NEW DELHI] The International Monetary Fund (IMF) raised its 2010 economic growth forecast for India, citing strengthening local consumer demand. The South Asian nation’s economy will expand 9.7 per cent
      Bloomberg  -  408 words
    • Article, Illustration
      Lock icon Games organisers probe water quality at swimming venue
      367 16 Bloomberg [NEW DELHI] Commonwealth Games organisers are investigating the water quality at the event’s swimming venue in New Delhi following reports that competitors had fallen ill. Swimmers from Australia and England are among those hit by stomach viruses, the Australian Broadcasting Corp
      Bloomberg; AP  -  367 words
    • Article
      Lock icon ICICI issue set to take bond sales to a record
      451 16 Companies tapping demand as investors flock to Asia Bloomberg [MUMBAI] ICICI Bank Ltd’s plan to sell as much as US$1 billion of debt has put local companies on course to raise a record amount of international bonds this month from
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    • Article
      Lock icon India’s food inflation eases on improved supplies
      245 16 Reuters [NEW DELHI] India’s annual food inflation eased in late September on improved supplies, which could soothe the central bank’s concerns that high food prices could spill over to other parts of the economy. Food prices are a political concern for the ruling
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      482 16 There s no better time than the change of seasons to inspire bold, new strokes in your signature style. This fall, our global palette of designer colours and textures has intensified with iconic brands like Givenchy, Moschino, Marni and Hermes joining us for the very first time at Paragon. Style
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  • WORLD
    • Article, Illustration
      Lock icon Hungary’s toxic red sludge reaches Danube
      505 17 Concern over water pollution spreads to Romania AFP [BUDAPEST] Hungary’s toxic sludge spill reached the Danube river yesterday with the first sightings of dead fish in Europe’s second longest river, officials said. “I can confirm that we have seen sporadic losses of fish in
      AFP; AP  -  505 words
    • Article
      Lock icon Ted Hughes poem details Sylvia Plath's suicide
      382 17 AP [LONDON] A previously unseen poem by Ted Hughes that details the painful moments surrounding the suicide of his wife Sylvia Plath was to be published by The New Statesman yesterday the magazine said. Hughes, an English poet laureate, and Plath, his American
      AP  -  382 words
    • Article
      Lock icon Draft trade pact more palatable to tech firms
      573 17 Acta’s latest draft is more flexible and exposes tech firms to less legal risk AP [WASHINGTON] For three years, technology and telecommunications companies have watched nervously from the sidelines as the United States and nearly a dozen trading partners have negotiated a
      AP  -  573 words
    • Article
      Lock icon Germany’s industrial output posts surprise jump
      149 18 AFP [BERLIN] German industrial output rose far more than expected in August, by 1.7 per cent, official data showed yesterday after a surprise jump in orders which boosted prospects for the entire eurozone economy. Output in August “was back in phase with a pick-up
      AFP  -  149 words
    • Article
      Lock icon Boom time again for jobs in Australia
      544 18 Massive hiring set to risk hike in interest rates and lift the A$ to a record Reuters [SYDNEY] Australian employment surged past all expectations last month as firms hired a massive 55,800 full-time workers, reviving the risk of a hike in interest rates
      Reuters  -  544 words
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      Lock icon Prolonged joblessness possible: Volcker
      322 18 Bloomberg [OTTAWA] Former Federal Reserve chairman Paul Volcker, an adviser to President Barack Obama, said he doesn’t expect consumer spending to spur growth, and the US and other developed nations face the prospect of protracted joblessness. “This has not been an ordinaryrecession,” Mr Volcker, 83, said
      Bloomberg  -  322 words
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      Lock icon Suspense could drag on past Election Day
      843 19 Many contests expected to be very close and subject to challenges and recounts BATTLE FOR US CONGRESS AP [WASHINGTON] Americans may be waiting well beyond Election Day this year to find out who won control of Congress in next month’s election. That would
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      Lock icon Regional budgets threaten Spanish govt’s austerity
      721 20 Autonomous regions’ debt problem may force central govt to bail them out Reuters [MARTORELL, Spain] Spanish regions and cities are deeply in debt and struggling to pay hospitals, refuse collectors and landscapers, raising the risk of a state bail-out that would endanger Spain’s strict
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      Lock icon Aussie govt says it will not broaden mine tax
      474 20 Reuters [PERTH] Australia’s government said yesterday it was committed to its planned resource tax and would not broaden it to include small miners, as talks with industry to hammer out final tax details were set to start. A committee led by
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      Lock icon Suburbs take big hit as US poverty climbs in downturn
      632 21 Analyses paint bleak economic picture for the 100 largest US metropolitan areas AP [WASHINGTON] Battered by the economic downturn, America’s suburbs are bearing the brunt of poverty that has climbed to near-historic levels, creating strains on dwindling safety-net programmes focusing
      AP; AFP  -  632 words
    • Article
      Lock icon BHP, Rio may abort iron ore JV by Dec 31
      320 21 Bloomberg [MELBOURNE] BHP Billiton Ltd and Rio Tinto Group, the world’s largest and third-largest mining companies, may abort their proposed iron ore joint venture by the end of the year because of regulatory objections, Merrill Lynch said. “Given the obstacles
      Bloomberg  -  320 words
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      Lock icon Analysts expect further ECB tightening
      681 22 Its chief sees no immediate need to join global push to ease monetary policy AFP Bloomberg Reuters [FRANKFURT] The European Central Bank (ECB) held its main interest rate at a record low 1.0 per cent yesterday, but could take a tighter line on injecting cash
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    • Article
      Lock icon Strategist sees dollar’s ‘panic’ drop to 74 yen
      442 22 US budget deficit to trigger panic within a year: Wakabayashi Bloomberg [TOKYO] The dollar may fall to a record 74 yen by February 2012 as concerns about the US budget deficit weaken its currency, said Eishi Wakabayashi, the strategist who forecast the
      Bloomberg  -  442 words
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      52 17 changiairportgroup.com The seamless connection between two cities begins with a single partnership. Singapore Changi Airport welcomes China Cargo Airlines. r r m i 3*£ 7A« -=S£ Come 9 October 2010, China Cargo Airlines will provide cargo services from Singapore to Shanghai, six times weekly. fBlSiiffiawg&g CHANGI CHINA CARGO AIRLINES LTD.
      52 words
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      2316 18 WAT-3 BUY IT SELL IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg WINGTAIASIA Resolution 4 Resolution 5 Resolution 6 WING TAI HOLDINGS LIMITED (Company Registration No. *****0239D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 46 th Annual General Meeting of the
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      466 18 I. MATS NOTICES BUY IT• SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg BBAKERTECHNOLOGYLIMITED (UniqueEntityNumber*****0637D) (Incorporated theRepublic Singapore) NOTICEOFEXTRAORDINAR GENERALMEETING NOTICE IS HEREBY GIVEN that an Extraordinar Gener Meeting Bak echnology Limited (the Compan will be held Nautica Le Republic Singapore acht Club 52WestCoast err Road,Singapore*****7on23October2010 ta t at
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      480 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF HUA LI HOLDINGS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****8894K) NOTICE OF RESOLUTION MEMBERS' RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 63 OF THE ARTICLES OF ASSOCIATION OF HUA LI HOLDINGS PTE. LTD. (1)
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      471 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NEWMONT INVESTMENT PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****7385Z) NOTICE OF RESOLUTION MEMBER'S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 68 69 OF THE ARTICLES OF ASSOCIATION OF NEWMONT INVESTMENT PTE. LTD. IT WAS
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      1909 19 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHUAN HUP HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0572R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the FORTIETH ANNUAL GENERAL MEETING of the Company will be held at The Board Room, 390 Jalan Ahmad Ibrahim,
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      1690 20 MATS BUY IT SELL IT FIND 11 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES 50 AND IN THE MATTER OF HARVESTECHOLDIN PTE COMPANYREG. O. *****057M (InMembers’ oluntar Liquidation NNOOTICEOFFINALMEETIN NNOOTICE HEREB GIVENpursuant Section 308(1) he Companies Act, Cap.50,hat FinalGener Meeting tthe aboenamedCompan will beheld ta
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      220 20 IN THE MATTER OF THE OMPANIES CA AND IN THE MATTER OF OCEANFINANCIALPTE. TD. (InMember oluntar Winding-Up Compan egis ationNo.*****093N RESOLUTIONS ASSEDON4TH OF OCT BER20 AAtt an Extraordinar Gener Meeting he Compan held Shenton W #17-03 Singapor *****5on he October20 110.00a.m. hefollowing passed: (1) SPECIALRESOL TION MEMBERS’ VVOOLLUNTAR WINDING-UP ThatOCEANFINANCIALPTE.
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      1688 21 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. LION ASIAPAC LIMITED (Co. Reg. No. *****0586R) (Incorporated in the Republic of Singapore) NOTICE OF 40TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 40th Annual General Meeting of Lion Asiapac Limited (the “Company”) will be held at The Conference Room, 10
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      1524 21 (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA HONGCHENG HOLDINGS LIMITED (the “Company”) will be held at Changi Room, Samsung Hub, 3 Church Street, Level 8, Singapore *****3 on Tuesday, 26 October 2010 at 10.00 am for the following
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  • Page 22 Advertisements
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      1553 22 Micro-Mechanics (Holdings) Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number: *****4632W) Notice of Fourteenth Annual General Meeting NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of the Company will be held at NTUC Centre, Level 8, Room 801, One Marina Boulevard, Singapore *****9 on Tuesday, 26
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      Lock icon Page 22 Advertisements Column 2
      1814 22 SA AK LDINGS MI NOTICE OF ANNUAL GENERAL MEETING ((CCoommppaannyy RReeggiissttrraattiioonn NNoo.. **********1106 ((IInnccoorrppooar a raet e teddi ni in SSiingap limi liabili NO CE HERE GIVE at Annu Gener Meet Santa Hold mit Compa willbeheldat Senok SSoouutthh RRooaadd,, Wo 75 M purposes AASS ORDINAR BUSINE 11.. TToo rreecceeiivvee aanndd
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon JFK-Heathrow ‘shuttle service’ on the cards
      478 23 Bloomberg [DALLAS] American Airlines will step up competition in New York City by coordinating flights with joint-venture partner British Airways plc to offer London departures every half hour each evening. The carriers’ transatlantic business alliance, formally kicked off in London on Wednesday with partner
      Bloomberg; AP  -  478 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3075 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 --SQ279 2350 VS7279 2350 Amsterdam SQ323 0605 LO4032 2345 US5410 0605 SQ324
      3,075 words
    • Article
      Lock icon US, EU airlines seek to curb aircraft subsidies
      474 23 Move targets other nations’ carriers that get cheap loans for Boeing, Airbus jets Bloomberg [WASHINGTON] US airlines reached an agreement in principle with nine European carriers on efforts to curtail aircraft subsidies for rivals in other nations. The Air Transport Association, the
      Bloomberg  -  474 words
    • Article
      Lock icon China Cargo Airlines to start Changi operations
      290 23  -  It’ll have 12 weekly flights to Bangkok, Shanghai Pudong By NISHA RAMCHANDANI [SINGAPORE] Shang-hai-based China Cargo Airlines is slated to begin operations to Changi Airport tomorrow, boosting the number of freighters at Changi to 16. This makes China Cargo Airlines the third cargo
      290 words
    • Article
      Lock icon Thessaloniki Port looks to Balkan neighbours to boost volume
      434 23 Bloomberg [SOFIA] Thessaloniki Port Authority SA, the operator of Greece’s second-biggest port, is looking north to Balkan neighbours Bulgaria, Serbia and the former Yugoslav republic of Macedonia to boost cargo volume and revenue. The authority started a series of presentations in
      Bloomberg  -  434 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 23 SGX '000 Oct 7 S$ +/-Vol CH Offshore 0.56 -0.01 1068 Chuan Hup Hldg 0.26 -0.01 150 Cosco Corp 1.84 -0.03 ***** CWT Ltd 0.97 -0.02 561 Ezra Hldgs 1.76 -0.02 3916 First Ship Lea 0.47 -0.01 647 Freight Links 0.07 unch ***** Grand Banks 0.50 unch 44
      278 words
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      30 23 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY Seven-year-old tabla player is India's Commonwealth Games star P 3 INDIAN HIGH COMMISSIONER PAYS TRIBUTE V TO MRS LEE is? KUAN YEW cir""
      30 words
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  • Page 24 Advertisements
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      3650 24 SWISSCO HOLDINGS LIMITED (formerly known as C2O HOLDINGS LIMITED) (Incorporated in the Republic of Singapore) (Company Registration No. *****4711D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Swissco Holdings Limited (formerly known as C2O Holdings Limited) (the ~Company~) will be
      3,650 words
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      3380 24 The Directors of the Company are of the opinion that the financial resources available to the Company following the giving of Financial Assistance will be sufficient and having perused the Facility Agreement, the Transaction Documents, information relating to the Proposed New Facility, and the terms and conditions contained therein, are
      3,380 words
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      3811 25 SWISSCO MARITIME PTE LTD (the ~Company~) Registration No: *****7799R (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 60 Penjuru Lane Singapore *****4 on 6 October 2010 at 10.00 a.m. for the
      3,811 words
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      3753 25 (j) A first priority statutory mortgage over the vessel Swissco 1802 in the form prescribed by the Singapore Registry of Ships; (k) The deed of covenants in respect of each of the mortgages stated above; (l) The general assignment of the earnings, insurances and any compensation paid pursuant to any
      3,753 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Keep an eye on business costs
      510 26 EDITORIAL BUSINESS costs haven’t figured as an issue over the past year or two when the economy was in the doldrums. But don’t count on costs staying subdued now that the economy is back on its feet. In fact, signs of rising costs are
      510 words
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      Lock icon US needs entrepreneurs for strong recovery
      751 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IF you’re interested in job creation and who isn’t these days? you should talk to someone like Morris Panner. In 1999, Mr Panner and a few others started a small Boston software company called
      The Washington Post Writers Group  -  751 words
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      Lock icon When central bankers behave like reckless bartenders
      918 26  -  Doling out more booze gets politicians off your back but the hangover will be nasty WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg IT has been 13 years since the Bank of Japan (BOJ)
      Bloomberg; REUTERS  -  918 words
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      Lock icon Tackling ageing population woes
      1471 27  -  China’s one-child policy over the past 30 years demonstrates the working of the law of unintended consequences By VIRGINIE MAISONNEUVE, KATHERINE DAVIDSON Virginie Maisonneuve is from Schroders, the investment managers. She heads the London-based Global and International Equity Team. Katherine Davidson is a research associate in
      REUTERS  -  1,471 words
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      Lock icon Forge a UN climate deal urgently
      551 27  -  PAUL MADDEN The writer is the British High Commissioner, Singapore FOREIGN policy, at its heart, is about ensuring the security and prosperity of our citizens. We cannot do this unless we develop an effective strategy for dealing with climate change. Climate security is inseparably
      AFP  -  551 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9041 28 Transaction date: Oct 7 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 18.5 -0.5 65 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834
      9,041 words
    • Article
      Lock icon SGX CATALIST
      1687 29 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 159 153 162 94.4 4 0.5
      1,687 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9391 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.28/ APS Alpha Fund (USD)!** 0.98/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9688/0.9688 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,391 words
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      Lock icon SGX ETF
      842 29 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 $mil 124 107 6389 ABF SG Bond ETF 116 +1 22 116 116 116 117 529.5 1016 757 CIMBAsean40 100US$ US1010 +1 0 1011 1010
      842 words
    • Article
      Lock icon CLOB INTERNATIONAL
      263 29 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 $mil 56 38 6000 AVJennings A51.5 +1.5 8 51.5 50 48 51 3.6 6.8 4.1 134.1 55 16 6017 Genting HK US$ US44.5 -1 *****
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 30 In local curr In S$ In US$ dy yr dy yr dy yr Oct 6 Index Change Change Change Change Change Change World Index Preliminary 845.5 0.4 1.6 0.4 -3.8 0.6 3.2 EAFE Preliminary 773.8 1.0 -1.4 1.0 -5.4 1.2 1.5 Europe Preliminary 1133.7 0.7
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    • Article
      Lock icon INTERBANK RATES
      177 30 Oct 7 0vernight 0.05 0.03 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 12 months 0.95 0.75
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      Lock icon US$/S$ FORWARD RATES
      22 30 Oct 7 S$ Bid Offer 1-month 1.3040 1.3052 2-months 1.3039 1.3052 3-months 1.3040 1.3052 6-months 1.3038 1.3051 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      140 30 Oct 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 379.9 374.0 379.9 25 Dec 10 375.0 375.0 378.5 50 Jan 11 382.5 382.5 382.5 32 Feb 11 376.5 376.5 381.0 10 Mar 11 381.5 Apr 11
      140 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 30 Oct 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 06.01.2011 0.28 1-Year BY*****W 03.05.2011 0.33 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 109.36 109.39 109.35 7-Year N*****0Z
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    • Article
      Lock icon CHICAGO BOT
      105 30 Oct 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1062.00 1071.75 1075.25 1061.50 Jan 11 1072.00 1081.50 1085.00 1071.50 Mar 11 1080.00 1089.25 1091.25 1079.50 May 11 1084.75 1093.75 1094.75 1084.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 43.44 43.47 43.74
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Oct 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.64 1.63 WTI (Near Mth) 83.27 0.52 Dubai (1-Mth F) 82.12 1.20 Tapis blend 91.55 1.30 Minas 84.90 1.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.97 1.03 Jet Kerosene 95.25 1.75 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2348 30 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 609 1 3 2.00 2 6221 Asia-Pacific Strategic W*****6 39 1 150 19 4.08 43 6227 ASJ Hldgs W*****1 2.5 1 4 2.60
      2,348 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 30 Oct 7 As at 9am Oct 7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2750 1.3140 Can dollar 1.2850 1.3010 Euro 1.8090 1.8310 NZ dollar 0.9750 0.9970 Sterling pound 2.0630 2.0870 US dollar 1.3000 1.3150 Local dollars to 100 units
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 30 Oct 7 Open High Sett STI Oct 3165 SIMSCI Oct 374.3 374.7 371.4 Taiwan Oct 291.9 292.5 292.1 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon . THE BUSINESS TIMES SHIPPING TIMES
      5686 31 THE BUSINESS TIMES SHIPPING TIMES 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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    • Article
      Lock icon PALM OIL
      72 30 Oct 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Oct 10 2740 2765 2765 2740 196 207 Nov 10 2720 2800 2800 2724 1148 9733 Dec 10 2720 2786 2788 2717 ***** ***** Jan 11 2727 2780
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      407 30 Oct 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6750 0 7415 Mar11 99.6300 0 1512 Jun11 99.5800 0 1821 Sep11 99.5000 0 486 EUROYEN TIBOR FUTURES Dec10 99.6925 0 2786 Mar11 99.7175 0 1299 Jun11 99.7250 99.7250 99.7250 99.7500 200 2575 Sep11 99.7450 0
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 30 Oct 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 6.627 0.708 7.683 43.785 88.372 0.816 11.043 3.059 1.308 85.063 42.836 1.292 6.783 0.949 30.375 29.588 0.623 0.991 Canada 1.001 6.634
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    • Article
      Lock icon SIBOR
      85 30 Oct 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Oct 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2914 1.2932 0.9903 0.9908 Canadian dollar 1.2929 1.2943 0.9915 0.9917 Euro 1.8233 1.8257 1.3982 1.3988 NZ dollar 0.9871 0.9893 0.7570 0.7580 Sterling pound 2.0734 2.0758 1.5900 1.5904
      154 words
    • Article
      Lock icon PRECIOUS METALS
      139 30 Oct 7 GOLD (US$/oz) Oct 06 Oct 07 Hong Kong 1346.20 1362.00 Oct 06 Oct 05 London 1347.60 1338.95 1348.00 1339.30 Source: Thomson Reuters CAST BAR Oct 07 (S$) Selling Buying Kilobar 60,967.53 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 137 57 5gm 388 284 10gm 693
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    • Article
      Lock icon LONDON METALS
      69 30 Oct 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2330.50 2346.75 3 months 2365.00 2380.00 Copper, Grade A (US$/tonne) Cash 8241.00 8159.25 3 months 8259.00 8176.00 Lead (US$/tonne) Cash 2288.00 2283.25 3 months 2316.00 2311.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon LIFFE
      82 30 Oct 6 COCOA (£/tonne) Close Prev High/Low Dec 10 1848 1828 1857/1832 Mar 11 1869 1850 1879/1854 May 11 1889 1870 1896/1875 Jul 11 1905 1886 1912/1893 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1627 1640 1646/1621 Jan 11 1657 1666 1673/1650 Mar 11 1680 1689 1691/1675 May 11
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      28 32 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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      3094 33 WAT-3 BUY IT SELL IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg GEMS TV HOLDINGS LIMITED Company Registration No. CR-*****6 (Incorporated in Cayman Islands with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Gems TV Holdings Limited (“the Company”) will be
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  • executive lifestyle
    • Article, Illustration
      Lock icon Second coming
      1562 34  -  The once-moribund Hong Kong film industry gets another shot in the arm from China as star-studded cross-territory collaborations such as John Woo’s Reign of Assassins continue to fuel its boom, reports DYLAN TAN DYLAN TAN FROM its golden age in the 1980s to its decline in the 1990s
      YEN MENG JIIN  -  1,562 words
    • CINEMA
      • Article, Illustration
        Lock icon Profiteering from life’s little problems
        654 35  -  How typical of Hollywood when an emotional wreck of a woman turns bestselling author in Eat Pray Love says DYLAN TAN DYLAN TAN JUST as there is no correct reply to the question “does my butt look big in this?” (Say no and you’ll be
        654 words
      • Article, Illustration
        Lock icon Dinner game leaves a bad taste in the mouth
        573 35  -  By GEOFFREY EU IF taxidermy involving mice sounds like a vaguely appealing hobby, then Dinner for Schmucks might be just the movie for you. Similarly, if a screwball comedy about losers who invite other losers to dinner in order to make
        BLOOMBERG  -  573 words
      • Article, Illustration
        Lock icon Better at home than in cinemas
        372 35  -  DVD REVIEW By CHRISTOPHER LIM ALTHOUGH Avatar is a movie you need to watch in 3D cinemas to fully appreciate, Clash Of The Titans only shines when it sheds its awful 3D pretensions. It’s a story that mashes together elements from Greek mythology, with
        372 words
      • Article, Illustration
        Lock icon This one’s not for claustrophobes
        561 35  -  By DYLAN TAN THE next time you think you’re having a bad day in the office, you just need to remember what Paul Conroy in Buried went through. He’s an American truck driver in Iraq who gets waylaid and wakes up in total darkness inside
        561 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Bottoms up in Munich
        1005 36  -  The Oktoberfest marked its 200th anniversary this year with a special Jubilee beer but there was more on offer than just beer, says H Y LI H Y LI The writer is a researcher based in Singapore and has spent time in an immersion programme in
        AFP; AFP, REUTERS  -  1,005 words
    • MUSIC
      • Article, Illustration
        Lock icon Classical pianist cum app developer
        794 37  -  Lang Lang’s musical passions have led him down some unconventional paths, reports CHRISTOPHER LIM INTERVIEW/CD REVIEW CHRISTOPHER LIM LANG Lang is one of the few superstars of the classical music world, and is certainly the biggest from China, but he says that celebrity is just
        794 words
      • Calling the (classical) tunes
        • Article, Illustration
          Lock icon Best of both worlds
          483 37  -  VOX More classically trained musicians in Singapore are taking their instrumental skills to new heights by breaking new ground with their music. From a pop/rock string quartet to a funky ensemble made up of Chinese and Western instruments, BT looks at a number of new musical
          483 words
        • Article, Illustration
          Lock icon They put fun into classics
          268 37  -  I-SIS TRIO By MELISSA LWEE FORMED two-and-a-half years ago by professional musicians and teachers harpist Katryna Tan, cellist Natasha Liu, violinist Cindy Yan, the I-Sis Trio is living proof that classical music doesn’t have to be boring. After all, the talented girls have been making
          268 words
        • Article, Illustration
          Lock icon What, no Mao suits?
          357 37  -  THE TENG ENSEMBLE By MELISSA LWEE AS far as ensembles go, the Teng Ensemble is far from conventional. By mixing both Chinese and Western instruments, the group challenges the notions of traditionality and modernity with new arrangements of traditional folksongs or by commissioning new work that
          357 words
        • Article, Illustration
          Lock icon Rare performance
          283 37  -  ARTSYLUM QUARTET By CHRISTOPHER LIM THE Artsylum Quartet cut its teeth on mainstream classical canon and branched out into jazz and pop, but it broke significant new ground in June when it performed with Singaporean theremin virtuoso Shueh-li Ong. The four-day programme at the Esplanade’s Concourse area was
          283 words
        • Article, Illustration
          Lock icon Hire an Irish fiddling band
          275 37  -  GOLDFIELD FIDDLING By MELISSA LWEE FIDDLING may be an Irish tradition but if you are partial to some foot-tapping merry-making, there’s a band in Singapore that you can hire for that very purpose. Called Goldfield Fiddling, the group is made up of violinist Lester Kong
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    • BOOKS
      • Article
        Lock icon Why read a Booker?
        674 38  -  CLARISSA TAN assesses the relevance of the Booker Prize in our high-tech, rapid-fire world, as BT reviews this year’s six shortlisted novels CLARISSA TAN WHY read a Booker? Why read a hefty tome about rape, or cultural identity, or the meaning of democracy, or technology, or
        674 words
      • Article, Illustration
        Lock icon C for Concept
        777 38  -  C By Tom McCarthy Publisher: Jonathan Cape Price: $48.95 (after GST) Pages: 310 Rating: A minus By CLARISSA TAN AUTHOR Tom McCarthy is also a contemporary artist and, his novel C, tipped to win this year’s Booker, has the feel of a work of conceptual art about
        RANDOM HOUSE, UK  -  777 words
      • Article, Illustration
        Lock icon Boy wonder
        725 38  -  Room By Emma Donoghue Publisher: Picador Price: $27.00 (before GST) Pages: 321 Rating: B By CLARISSA TAN JACK is a five-year-old who lives with his mother. The both of them spend their days playing games involving colour pencils, eggshells, the cardboard cores of toilet rolls. Sometimes, they watch
        PAN MACMILLAN, UK; ANDREW BAINBRIDGE  -  725 words
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        Lock icon Force of July
        482 38  -  The Long Song By Andrea Levy Publisher: Headline Review Price: $30.95 (before GST) Pages: 312 Rating: A By CLARISSA TAN AT various junctures of The Long Song Andrea Levy’s novel which chronicles the experiences of a Jamaican slave woman in the 19th century we are reminded of
        482 words
      • Article, Illustration
        Lock icon Prose in full flight
        451 38  -  Parrot And Olivier In America By Peter Carey Publisher: Faber Price: $30.95 (before GST) Pages: 452 Rating: B By CHEAH UI-HOON A NOVEL which adapts the life of Alexis de Tocqueville for non Political Science or American history students might sound a bit daunting, but one
        ASHLEY GILLBERTSON  -  451 words
    • BOOKS/PURSUITS
      • Article, Illustration
        Lock icon Damon’s demons
        623 39  -  In A Strange Room By Damon Galgut Publisher: Atlantic Books Price: $32.95 (after GST) Pages: 180 Rating: A BOOKER PRIZE By AUDREY PHOON “A JOURNEY is a gesture inscribed in space, it vanishes even as it’s made. You go from one place to another place, and on to
        NIGEL MAISTER; ATLANTIC BOOKS  -  623 words
      • Article, Illustration
        Lock icon A surfeit of ambition
        489 39  -  The Finkler Question By Howard Jacobson Publisher: Bloomsbury Price: $32.95 (before GST) Pages: 310 pages Rating: B minus By CHRISTOPHER LIM THE best character portraits can speak volumes about larger issues without commenting directly on them, and Howard Jacobson’s adept at crafting compellingly flawed characters that
        JENNY JACOBSON  -  489 words
      • Article, Illustration
        Lock icon Selling to the faithful
        693 39  -  Asia’s largest Leica store opens in Raffles Hotel, reports CHRISTOPHER LIM PHOTOGRAPHY CHRISTOPHER LIM The digital camera movement was to the camera industry what the quartz revolution was to the artisan watch industry it pruned away old brands that could not compete in a new market
        LEICA  -  693 words
      • Article, Illustration
        Lock icon Back-lane art to the fore
        490 39  -  ARTS By CHEAH UI-HOON ON a family holiday in Melbourne last year, photographer Andrew Chew was struck by the amount of graffiti art he saw in and around the city. Out came his camera and, very soon, Chew was snapping shots of the graffiti with
        ANDREW CHEN  -  490 words
      • AROUND TOWN
        • Article, Illustration
          Lock icon Greek mythos takes centre stage
          101 39 EIGHT professional actors, Isabella Chiam, Hang Qian Chou, Jasmine Koh, Ghazali Muzakir, Judy Ngo, Daphne Ong, Eleanor Tan and Tan Shou Chen, have banded together to form the COLLAB Theatre Ensemble. Their inaugural production is Metamorphoses by Mary Zimmerman. Led by award-winning director Christina Sergeant,
          101 words
        • Article
          Lock icon Artists leave their mark
          135 39 ON the Coney Island boardwalk at West 21st Street, Brooklyn, in July this year, two artists one from New York and the other from Singapore invited people to use rollerblades, remote-control cars, feet, balls and balloons to create print marks on large-scale canvases. This weekend, Instinc
          135 words
        • Article
          Lock icon Twists, turns and Confusions
          60 39 STAGE Club presents Confusions a play of four self-contained acts when, put together, spin an entertaining tale of relationships between characters. Written by renowned playwright Alan Ayckbourn, the quirky play puts witty twists on mundane situations. Confusions runs from Oct 13 to Oct 16 at DBS
          60 words
        • Article
          Lock icon Zooming in on human nature
          95 39  -  Compiled by NATALIE KOH,CHEAH UI-HOON HUMAN nature is the open-ended theme of the second Singapore International Photography Festival (SIPF), showcased at various venues on the island. At The Nanyang Academy of Fine Arts (Nafa), which is presenting two exhibitions, the galleries will show the photographic
          95 words
    • LUXURY TRAVELOGUE
      • Article, Illustration
        Lock icon Holiday on ice
        1081 40  -  Winter is about to descend on Lapland and the fun will begin downhill skiing, dog-sled safaris and ice-driving courses. By GEOFFREY EU By GEOFFREY EU IT’S only 11 shopping weeks until Christmas, that time of year when a holiday mood prevails, along with fairy-tale lights and traffic
        PHOTOS BY GEOFFREY EU; AUDI  -  1,081 words
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  • Page 35 Miscellaneous
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      304 35 CRYPTIC CROSSWORD Across 1 Protester more unprepared about South America (8) 6 Adorn wealthy men who did not start first (6) 9 One who has designs on eating out? (6) 10 Remove sandals from a Parisian dandy of old with left foot out (8) 11 Acid a mob abandoned in
      304 words
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      122 36 NOW DEFINING GLOBAL LIVING IN CHINA From the spacious exclusivity and refinement of Ascott to the vibrancy of independent city-living at Citadines, or the pampering touches for the family at Somerset, there is an Ascott serviced residence designed to make you feel at home. Because life is about living. ASCOTT
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      12 36 Brought to you by Ascott This series is brought to you by
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      176 40 Citiaalc! Private ••I m JS J I: r A New Standard In Wealth Management Services Citigold Private Client is a unique wealth management offering that is exclusively designed for individuals with portfolios of over S$1 Million. At Citigold Private Client, you will have access to professional and personalised wealth advisory
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      42 40 Exclusive travel experiences await you when you start a Citigold Private Client relationship and invest with us This is the second of a five-part series on unique travel experiences brought to you by Visit www.citigoldprivateclient.com or call +65 6388 3388 for details
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      54 42 Sheer Driving Pleasure Performance Motors Limited pml-bmw.com.sg L r r 2 I as? SERIE THE BMW -J 9HK W.. TfiMMawrr-- mirm>i flHMi ii.. ■HHHi 1 ■HMUHi I ]g m i W r <1 T K< I «r r i IPSisrsai! -w Car specifications may vary from the model shown. Options
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      156 43 Performance Motors Limited pml-bmw.com. sg PRINCIPLES OF LEADERSHIP The BMW 7 Series. Inspired by the core principles that take leaders from success to success. ACCEPT NO COMPROMISE. SET EXACTING STANDARDS, THEN EXCEED THEM. FOLLOW YOUR INSTINCTS. MAKE DECISIONS AN EXTENSION OF YOUR INSTINCT. DARE TO INNOVATE. PIONEER TECHNOLOGIES THAT MAKE
      156 words