The Business Times, 12 October 2010

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Total Pages: 45
1 46 The Business Times
  • 78 1 THE BUSINESS TIMES S$1.00 MICA (P) 138/08/2010 CO REGN NO *****2868E Tuesday, October 12, 2010 S$1.00 online at http://www.businesstimes.com.sg MICA (P) 138/08/2010 CO REGN NO *****2868E Tuesday, October 12, 2010 S$1.00 MICA (P) 138/08/2010 CO REGN NO *****2868E Tuesday, October 12, 2010 S$1.00 MICA (P) 138/08/2010 CO REGN NO *****2868E
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  • 658 1  -  Studio sinking roots deeper with its first purpose-built facility outside US By CHRISTOPHER LIM [SINGAPORE] The Force will grow stronger here next year when Lucasfilm Singapore starts putting up an eight-floor building at Fusionopolis that it will move into in 2012. The facility’s
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  • 848 1  -  Some analysts taken by surprise over leg of swap involving Keppel Towers, GE Tower By EMILYN YAP [SINGAPORE] Keppel Land and its unit K-Reit Asia have agreed to an asset swap with transaction values totalling almost $2 billion. Keppel Land is selling its
    Photos: Keppel Land  -  848 words
  • 140 1 ST INDEX 3,163.41 (+10.07) ST INDEX FUTURES 3,161 (+10) SIMSCI 371.32 (+1.19) SIMSCI FUTURES 370.80 (+1.50) FOREX US$ S$ US$ (S$ per US$) 1.307 (US$/S$ per 1.593 2.083 EURO (US$/S$/E) 1.392 1.820 Foreign currency per US$ S$ YEN 82.10 62.80 RM 3.105 2.375 HK$ 7.758 5.934 BAHT 30.06
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  • Page 1 Advertisements
    • 229 1 HOT STOCKS Biosensors soar on wings of Autumn Eagle PAGE 10 SME INC Tackling waste the green way PAGE 16 PROPERTY New buzz in high-end condo market PAGE 4 SALARIES Expectations for 2011 pay hikes moderate PAGE 14 PwC’s Gautam Banerjee Flying the flag for Singapore LEADERS’ PERSPECTIVE PAGE 24
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    • 3 1 8 '*****1 *****4
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  • TOP STORIES
    • 584 2 KepLand, K-Reit shuffle assets in $2b swap KEPPEL Land and its unit K-Reit Asia have agreed to an asset swap with transaction values totalling almost $2 billion. Keppel Land is selling its one-third stake in Phase One of Marina Bay Financial Centre to K-Reit for $1.427 billion. It
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    • 789 2  -  AEM-Evertech’s Ang Seng Thor fined, barred from board seats for 5 years By GRACE LEONG [SINGAPORE] A former executive of Singapore-listed AEM-Evertech whose whis-tle-blowing resulted in his own conviction for bribery and corruption received what his attorney called a lenient sentence because
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    • 440 2 Bloomberg [BEIJING] China’s foreign exchange reserves, the world’s largest, may have climbed to a record US$2.5 trillion, adding fuel to complaints that the nation’s currency intervention is undermining the global economic recovery. Currency holdings rose about US$48 billion in the third quarter, according
      Bloomberg  -  440 words
    • 67 2 IN our report “New SME productivity scheme by Spring” (BT, Oct 9), we said that the Singapore International Chamber of Commerce (SICC) would be one of two Enterprise Development Centres to start running the Productivity Management Programme in November. It should, in fact, be the Singapore Chinese Chamber of
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    • 680 4  -  The price is almost double that for an identical unit sold in 2006 By KALPANA RASHIWALA [SINGAPORE] There seems to be a bit more buzz at the high-end condo market again. SC Global is understood to have sold a penthouse at The
      YEN MENG JIIN  -  680 words
    • 677 4  -  By ANTHONY ROWLEY in Washington THIS year’s annual meetings of the International Monetary Fund and the World Bank closed on a downbeat note on Sunday as Bank of Japan governor Masaaki Shirakawa predicted that the US and Europe probably face a long and
      BLOOMBERG  -  677 words
    • 570 4  -  By RONNIE LIM [SINGAPORE] With the sharp increase in electricity demand here outstripping supply, the Energy Market Authority has decided to up the cap on electricity prices to 60 per cent of total Singapore supplies next year. This is
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    • 530 4 Reuters [HONG KONG] China’s series of policy-tightening measures to prevent a property bubble from bursting will likely speed up sales of some projects as prices in top-tier cities fall, analysts and industry executives say. Since April, China has announced a range of
      Reuters  -  530 words
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 29 4 China property developers facing uncertainty: S&P, Page 44 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • COMPANY NEWS
    • 433 6  -  By JAMIE LEE THERE has been no exit offer from FM Holdings, which has been forced to delist from Catalist by the Singapore Exchange. The company has also rejected the option of liquidation, and will be delisted on Oct 13, it
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    • 658 6  -  It will use $1.7b for expansion and the rest to repay loans, redeem shares By LYNETTE KHOO OWING to strong demand, Global Logistic Properties (GLP) has priced its initial public offer at $1.96 a share, the top end of
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    • COMPANY BRIEFS
      • 85 6 CONSTRUCTION group Lian Beng has reported a 107 per cent rise in net profit attributable to shareholders to $10.92 million for its first quarter ended August 2010 from $5.28 million a year ago. This was achieved on the back of a 32
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      • 85 6 DARCO Water Technologies said that it has filed on Oct 7 a criminal defamation suit against Chen Kuai, the former general manager of its subsidiary Darco Engineering Taiwan (DET), for making defamatory statements about the group. On April 28, Darco initiated an investigation into
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    • 569 6  -  HOCK LOCK SIEW By R SIVANITHY MANAGEMENT consultants McKinsey have done a fair amount of research on the accuracy of analyst forecasts and their findings, although not entirely surprising, are somewhat sobering. In a recent quarterly survey, McKinsey reported that analysts are typically over-optimistic,
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    • 405 10  -  Chinese pte equity investor buys 29.5% stake in firm making cutting-edge stent HOT STOCKS By LYNN KANN SHARES of stent maker Biosensors International Group were flying high yesterday on the wings of an Eagle. At the start of the trading day, the company
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    • 476 10  -  Acquisitions and expansions to bolster its financial position By FELDA CHAY SHARES of Advance SCT (ASCT) rose 11.1 per cent yesterday to close at five cents, with 25.9 million shares changing hands after the company’s expansion announcements at the weekend. The metal trading
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    • 238 10  -  By VEN SREENIVASAN IF you are looking for liquidity and a broad base of shareholders, perhaps no one comes close to computer peripherals maker Digiland International. Going by the company’s own announcement, some 99.6 per cent of its shares were held
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    • 360 10  -  By NISHA RAMCHANDANI BUDGET carrier Tiger Airways flew 17 per cent more passengers in September than it did a year back, despite technical issues with two aircraft from its Singapore fleet that resulted in flight cancellations. Tiger handled 464,000 passengers for the month,
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    • 402 13  -  Deal covers work on firm’s passenger ships that cruise in the Far East By JOYCE HOOI SEMBAWANG Shipyard has scored its first big break in the cruise ship sector through its first long-term contract with a cruise shipoperator Carnival Corporation plc, the world’s largest cruise
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    • 324 13  -  By JOYCE HOOI KEPPEL Seghers has won an engineering, procurement and construction (EPC) contract worth about 187.3 million euros (S$340.8 million) for the second phase of an ener-gy-from-waste (EFW) project in the United Kingdom. This contract called Runcorn II was awarded by Viridor EFW
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    • 631 13  -  By LYNN KAN IN a bid to diversify its vessel holdings, Pacific Shipping Trust (PST) has secured charters for two new 24,000-tonne multi-pur-pose vessels (MPPs) valued at US$30 million each. The ships will be leased for 10 years to Xiamen Ocean Shipping
      Source: Pacific Shipping Trust  -  631 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 140 7 t s i; j ft AIA U M F7 Markets p r Employees > jr v-md OlfER 5 m t Agents OlfER i ■5 i V* X t ln-force Policies OlfER 3 f TO r -v# 9H iisesK «l BBf #V ff /flf V \VS fell TmmWV£ ft v| i
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  • Page 8/9 Advertisements
    • 516 8/9 GLOBAL LOGISTIC PROPERTIES LIMITED CHINA (Company Registration Number: *****5832Z) (Incorporated in Singapore on 28 August 2007) JAPAN A MARKET LEADER IN MODERN LOGISTICS FACILITIES IN CHINA AND JAPAN IPO Now Open. Apply Now! SERVINGASIA’S LARGEST ECONOMIES NETWORK OF25 MAJOR CITIES IN CHINA AND JAPAN 296 COMPLETED PROPERTIES OVER 250 CUSTOMERS
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 80 11 UNSLI h ROYAL PLAZA ON SCOTTS S I N G APO R For the fourth year in a row we have been voted Asia-Pacific's Best Independent Hotel at the TTG Travel Awards. Thank you to our ever-loyal guests for voting us to the top, yet again. I I E TRAVEL
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  • SINGAPORE MARKETS
    • 555 12  -  ST Index halves gains to end 10 points up; market advance-decline score stands at 235-187 STOCKS R SIVANITHY Senior Correspondent A HINT of uncertainty was evident in trading here yesterday as to whether Wall Street on Monday might post a delayed reaction to
      Source: Bloomberg  -  555 words
    • 4 12 DAILY
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    • 66 12 Oct 11 VALUE CLOSE BT OB/OS 72.00 -46.00 BT CADI -*****.00 +32.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 783.84 +5.56 FTSE ST Small Cap 584.65 +2.46 FTSE ST All Share 782.57 +3.01 FTSE ST China Top 290.85 +2.62 FTSE ST China 325.07 +3.12 FTSE
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 4 0 0 0 7 6 4 Manufacturing 67 45 90 7 8 14 74 53 104 Commerce 22 23 29 3 7 6 25 30 35 Tpt/Stor/Comms 11 15 18
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    • 121 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,412 31,412 91,642 91,642 Manufacturing 559,212 54,626 613,838 514,957 6,898 521,855 Commerce 244,849 24,120 268,969 131,669 5,013 136,682 Tpt/Stor/Comms 111,307 2,396 113,703 206,966 124 207,090 Finance 18,630 18,630 173,132 173,132 Construction 57,128 10,009 67,137 13,004
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    • 108 12 Stock name Close Change Stock name Close Change CapMallsAsia 2.250 CapitaLand 4.200 CapitaMall 2.140 -0.010 CityDev 12.500 +0.100 ComfortDelGro 1.520 DBS Grp 14.460 +0.040 F&N 6.310 +0.050 Genting SP 2.020 +0.040 Golden Agri 0.605 +0.030 HK Land 6.630 +0.060 JMH 47.700 +0.300 JSH 27.340 +0.060 Jardine
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    • 514 12 CURRENCIES Reuters [NEW YORK] The US dollar was little changed against the euro and yen yesterday, as traders booked profits on their bets against the greenback after failing to take out key resistance levels. Sentiment towards the dollar remained broadly bearish, however, as
      Reuters; BLOOMBERG  -  514 words
    • 58 12 VOLUME MDR 301,096,000 Golden Agri 196,909,000 Serial Sys 147,610,000 Genting SP 106,794,000 GMG Global 101,876,000 *Genting HK US$ 63,446,000 Biosensors 62,320,000 China Hongxing 53,135,000 Yamada 45,325,000 Cosco Corp 40,772,000 VALUE($) Genting SP 216,121,520 Wilmar 135,507,560 Golden Agri 118,504,895 IndoAgri 84,500,360 Cosco Corp 78,068,660 Keppel Corp 71,010,748 Biosensors
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    • 109 12 BY CENTS CLOSE UP GLD 10US$ ***** 185.6 1.1 DBXT CSI300 10US$ 1065 48.4 3.6 DBXT MSJAP 10US$ 3779 47.0 1.0 DBXT SPASX200 10US$ 3305 44.4 1.0 Lyxor China H 10US$ 1680 43.1 2.0 JMH 4770 39.2 0.6 DBXT FTChina25 10US$ 3220 30.1 0.7 DBXT Nifty 10US$ ***** 30.1
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    • 123 12 BY CENTS CLOSE DOWN Jardine C&C 3876 -84.0 -2.1 DBXT S&P Short 10US$ 4909 -68.0 -1.0 DBXT FTVietnam 10US$ 3719 -45.7 -0.9 UOB.ES.1010 1856 -24.0 -1.3 STXPO 100 1466 -16.0 -1.1 SIA 1606 -14.0 -0.9 SIA 200 1606 -12.0 -0.7 UOB 1856 -12.0 -0.6 Lyxor India Nifty 10 1839
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  • Page 12 Advertisements
    • 140 12 HINLEONG viTOL f* TRAFIGURA GLENCORE Building bonds with global energy partners to power your portfolio. It's about time. SINGAPORE PTE LEONG TRAHGURA UVitol Tap the energy resources fuelling Asia's economic boom via Singapore Mercantile Exchange's energy derivatives offered in tandem with global leaders of the trade. Trade in your time
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  • Page 13 Advertisements
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    • 164 13 FINDING NEW WAYS TO EXPRESS YOURSELF. WEALTH. WHAT'S IT TO YOU? If wealth for you is freedom and the enjoyment of self-expression, we are in perfect accord. At Barclays Wealth, we provide expert guidance on the use of wealth and the independence it allows. As fellow lovers of the Arts,
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  • SINGAPORE NEWS
    • 576 14  -  17 per cent of 3,000 professionals don’t see any salary rise next year: poll By CHUANG PECK MING EVERYTHING seems to be going great for Singapore professionals on the job front, yet they are not looking to a big pay rise next year. “Salary
      Source: Berkley  -  576 words
    • 459 14  -  By AMIT ROY CHOUDHURY THE Information and Communications Technology (ICT) industry needs to adopt new energy-efficient technologies in the coming decade as it would otherwise run the risk of being unable to contribute to growing the global economy, according to a new study. The
      459 words
    • 291 14  -  EPIC Bio, a joint venture with Temasek Life Sciences Ventures, will develop vaccines against flu By NISHA NISHA RAMCHANDANI US-BASED biopharmaceutical company Emergent Biosolutions Inc has teamed up with Temasek Life Sciences Ventures to launch EPIC Bio, a research and development
      291 words
    • 309 15  -  Investment of $51 m makes Singapore the group’s biggest production base By WINSTON CHAI FCI Microconnections has invested $51 million on a second manufacturing plant here to make Singapore its largest production site globally. The size of its new Changi North production facility is
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    • 447 15  -  Institute will also have incubator to help S’pore start-ups grow in China market By TEH SHI NING NATIONAL University of Singapore (NUS) will set up a research institute in Suzhou Industrial Park (SIP) to deepen expertise and connections in China and position
      THE STRAITS TIMES FILE PHOTO  -  447 words
    • SINGAPORE ROUNDUP
      • 40 15 WINCHEER Investment has won the tender for a 22,744 sq metre residential site in Petir Road. The Urban Redevelopment Authority awarded the 99-year leasehold site to Wincheer as it was the highest bidder.
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      • 68 15 MCDONALD’S will invest $200,000 in the further education of 10 employees. The restaurant managers and employees will go for a nine-month advanced diploma programme in food and beverage management, followed by a 12-month degree programme in business management. At the end of the programme, they
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    • 569 15  -  Joint venture law firm to build practice group for the region By GRACE LEONG SINGAPORE law firm Arfat Selvam Alliance LLC is joining forces with US law firm Duane Morris LLP to expand its presence in Asia a result of the
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  • Page 14 Advertisements
    • 1291 14 EUYAN SANG INTERNATIONAL LTD. Company Registration No. *****2179H (Incorporated in Singapore with limited liability) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of EuYan Sang International Ltd. (“the Company”) will be held at The Salon, National Museum of Singapore, 93 Stamford Road, Singapore *****7
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  • Page 15 Advertisements
    • 169 15 Call it return on innovation. SABRINA CALLIN Managing Director,PIMCOAdvisory As part of a global firm managing more than $1 trillion in assets, PIMCO’sSabrinaCallinturnstoCMEGrouptoaccesstheworld’s largest equity index marketplace one that offers a broad array of innovative products based on large-cap, mid-cap and smallcap stock indexes, including the S&P 500, NASDAQ-100, DJIA,
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  • SME Inc
    • 951 16  -  CEO Monica Tung is confident of doubling the company’s revenue as its sludge-eating bacteria tablet, Trap Care, takes off locally and overseas, reports CHEN HUIFEN CHEN HUIFEN MONICA Tung is 62 and John Lee is 65. And they candidly declare that “we are
      ARTHUR LEE  -  951 words
    • 779 17  -  Companies like Tru-Marine enable goods to be delivered to ports on time By STACEY JANINE CHONG, LOUIS CHIN,LEMOUSHMI DEVI The writers are students of NUS Business School NINETY per cent of world trade is transported all over the world by ships, which in turn rely on turbochargers
      FILE PHOTO  -  779 words
    • 654 18  -  In order to grow in the industry, Wah Loon Electrical Engineering is looking to expand beyond Singapore By NATASHA BTE MOHAMED ISMAIL, RINUS DIBIYA KUSWARA KOE FELICIA TAN YU LIN The writers are students of NUS Business School ITS projects have been as varied
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    • 980 18  -  Star Controls is a people-focused company which values both its customers and employees By KEITH LAI WEI XUAN, ENDI ASMIRA, GOH SUAT LYNN The writers are students of NUS Business School SPEND some time at Star Controls Engineering Co Pte Ltd and you will soon realise
      YEN MENG JIIN  -  980 words
    • 434 18  -  By TEH HOOI LING YONGNAM provided the biggest boost to our small-cap portfolio in the past five trading sessions. Its 13 per cent surge helped lift the portfolio 1.6 per cent. That beat the Straits Times Index’s 0.2 per cent advance and the 0.5 per
      434 words
    • 860 19  -  Though beneficial in the long run for small firms, transition may prove to be a pain in the short term, reports CHEN HUIFEN CHEN HUIFEN THE Singapore Financial Reporting Standards (SFRS) for Small Entities may yield cost benefits to small businesses in the longer term, but
      FILE PHOTO  -  860 words
    • 640 19  -  By CHEN HUIFEN IT USED to take staff at local bakery chain Awfully Chocolate about three hours every night to consolidate its cake orders. Now, orders from its multiple outlets are captured real-time into a central IT system so it takes
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    • 1872 20 THIS WEEK’S TOPIC As Singapore’s services sector posts steady growth most recently seen in an 8.5 per cent year-on-year rise in business receipts in Q2 are you finding it increasingly challenging to hire and retain staff? If so, what alternatives have you tried, and how well do
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    • 1002 20  -  JÖRG DIETZEL dispels three branding myths that he has encountered when conducting branding clinics or when teaching strategic brand management to SME leaders COMMENTARY JÖRG DIETZEL The writer is a brand consultant who runs his own consultancy in Singapore and the region. He teaches strategic
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  • Page 16 Advertisements
    • 226 16 K M 2,700 exhibitors, 11 international pavilions MMS—« 55,000 Thai and ASEAN buyers 4,000 new machinery and technologies >, m. -V lologies acks y y i y > > ,<" 500 conference and seminar tracks "x .X" X, 'My I IU lid DCOI www.metalex.co.th 'X X X 'X, 'v. i
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  • Page 17 Advertisements
    • 872 17 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Tru-Marine was among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and supported
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  • Page 18 Advertisements
    • 66 18 Celebrating Singapore´s Enterprising Spirit 2010 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Wah Loon and Star Controls were among the E50 winners in 2009. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by
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  • Page 19 Advertisements
    • 6 19 For more information, go to www.sccci.org.sg/icc
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    • 540 19 Why DBS Exchange Traded Funds (ETFs)? ETFs are efficient, transparent and flexible ETFs are efficient, low-expense instruments that provide you with liquid exposure to select markets and asset classes with no hassle, fees or sales charges. •Asian investment specialists leverage on our deep understanding of Asia and its markets to
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  • Page 20 Advertisements
    • 109 20 Voices Next week’s topic: “Hong Kong legislators have backed a minimum wage law, sparking debate in Singapore about the pros and cons of such a policy here. Do you think Singapore should have a minimum pay law? From an SME perspective, how would such a move be beneficial or detrimental?”
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  • ECONOMY WATCH
    • 372 21 Reuters [MANILA] The Philippine central bank believes keeping a market-determined foreign exchange rate and a build-up in foreign reserves are appropriate responses to a strengthening peso currency, the central bank governor said. World financial leaders and central bankers tried to defuse currency tensions during
      Reuters; BLOOMBERG  -  372 words
    • 482 21 Bloomberg [SYDNEY] Australian home-loan approvals climbed in August for a second-straight month, adding to the case for the central bank to resume raising interest rates. The number of loans granted to build or buy houses and apartments gained one per cent to 47,540
      Bloomberg  -  482 words
    • 684 21 Fed can’t afford to do nothing with inflation below target and jobless figure high: analysts Reuters [WASHINGTON] The US Federal Reserve runs the risk of diminishing returns from its next round of money printing to amplify the subdued
      Reuters  -  684 words
  • Page 21 Advertisements
    • 105 21 Our focus on promoting standards of governance, efficiency and quality has gained recognition from FTSE. Malaysia has now been promoted to FTSE's "Advanced Emerging Market" status from its "Secondary Emerging Market" status. So, if you are looking for an investment destination with high standards of quality and growth potential, look
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  • EMERGING ASIA
    • 1257 22 Low US$ and rush of foreign money spark fears of trade war and capital controls AP [MUMBAI] IPrediany,forcasin T’S boom time in Asia, only Premal Udani, who runs an Indian apparel exporting company, says he has little to show for it. A surging tide of foreign
      AP; AFP  -  1,257 words
    • A special series brought to you by Bursa Malaysia and ShareInvestor
      • 646 22 Mah Sing’s speedy turnaround translates to higher sales Mah Sing Group managing director Leong Hoy Kum is a man in a hurry. Likewise the property group he helms. “From the day we acquire the land, we will launch (a project) within three to six months,”he declares. A
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  • Page 22 Advertisements
    • 2538 22 VIZ BRANZ LIMITED Company Registration No. *****1631K (Incorporated In The Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of VIZ BRANZ LIMITED ("the Company") will be held at Mandarin Orchard Singapore, Mandarin Court, 35th Floor, Orchard Wing, 333 Orchard Road, Singapore
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  • MALAYSIA/INDONESIA
    • 591 23  -  Govt identifies sites in Johor, Negeri Sembilan, Penang for new projects By PAULINE NG in Kuala Lumpur MALAYSIA is planning a new retail experience which involves establishing emporiums in clusters in the city outskirts to draw shoppers and create new “power centres”
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    • 271 23 Bloomberg [SINGAPORE] Malaysia’s industrial output growth quickened in August, an advance that may ease as a cooling global economy crimps demand for the nation’s goods. Production at factories, utilities and mines rose 4 per cent in August from a year earlier after
      Bloomberg  -  271 words
    • 286 23 Reuters [SINGAPORE] Indonesia is in talks with Vietnam and Thailand for govern-ment-to-government arrangements for rice imports, while the Philippines, the world’s biggest importer, may enter the market next month or in December, officials said yesterday. “We would like to import under a
      Reuters  -  286 words
    • 607 23  -  By S JAYASANKARAN in Kuala Lumpur SHARES in Malaysian construction and infrastructure firm Mudajaya Group Bhd (MGB) moved almost 2 per cent higher to RM4.48 apiece here yesterday on an analyst’s report that the Securities Commission (SC) had essentially cleared the firm of any
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  • Page 23 Advertisements
    • 446 23 LionGlobal Emerging Markets Bond Fund Build your portfolio with global emerging market bonds LION GLOBAL INVESTORS 0/ 3.% I W In recent years, emerging economies have shown to possess strong fundamentals as well as disciplined fiscal and monetary policies. These positive structural developments have led to rising credit quality of
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  • LEADERS' PERSPECTIVE
    • 1604 24  -  PwC’s Gautam Banerjee thinks and speaks in terms of the needs and interests of Singapore and believes in creating value for clients and staff, reports ANNA TEO ANNA TEO GROWING up in Mumbai, Gautam Banerjee used to live next door to an apartment that housed
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  • Page 24 Advertisements
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  • GREATER CHINA
    • 593 25 It may increase its holdings in more emerging-market currencies Bloomberg [NEW YORK] China is moving to add more emerg-ing-market currencies to its foreign-exchange reserves, a strategy central banks around the world are following to diversify their US$8.7 trillion in holdings. “We can diversify more
      Bloomberg  -  593 words
    • 338 25 Reuters [HONG KONG] Sihuan Pharmaceutical Holdings Group, China’s largest cardio-cerebral vascular drugmaker, seeks to raise up to US$741 million through its Hong Kong initial public offering, according to a term sheet. It marked the latest in a flurry of stock offerings in the
      Reuters  -  338 words
    • 406 25 CNOOC to pay US$1.1b for US oil gas stake Reuters [NEW YORK] China’s top offshore oil producer CNOOC Ltd has agreed to pay US$1.1 billion for a 33 per cent stake in a US shale oil and gas field, testing the market for the first time since its 2005 failed
      Reuters; BLOOMBERG  -  406 words
  • Page 25 Advertisements
    • 44 25 I ..-V ?s I'/i* f v 'Hi" A ,r.'' 'I if 'wn PATEK PHILIPPE GENEVE Begin your own tradition. You never actually own a Patek Philippe. You merely look after it for the next generation. Annual Calendar Ref. 5205G Tel: (65) 6732 1506 patek.com
      44 words

  • INDIA
    • 444 26 AFP [NEW DELHI] Delhi’s Commonwealth Games suffered its first positive drugs test yesterday, leaving the women’s 100m with potentially a third different winner, as India braced itself to hail a new track queen. Nigeria’s 100m gold medallist Osayemi Oludamola, who only inherited
      AFP; AP  -  444 words
    • 367 26 It has projects worth 100b rupees and has bid for 25,000 km of roads, says chairman Bloomberg [MUMBAI] Billionaire Virendra Mhaiskar said his IRB Infrastructure Developers plans to build US$1 billion of roads each year as India accelerates investment in highways, ports and
      Bloomberg  -  367 words
    • 322 26 Bloomberg [MUMBAI] India’s two largest stock exchanges will allow investors to put in bids for shares before bourses open to reduce price swings. The National Stock Exchange, India’s biggest, and the Bombay Stock Exchange, Asia’s oldest, will introduce a 15-minute session during which buy
      Bloomberg  -  322 words
    • 172 26 Bloomberg [MUMBAI] India, the sec-ond-biggest grower of cotton, halted registration of shipping contracts after Cargill Inc, Louis Dreyfus Commodities and rivals filled the quota set by the government 10 days after bookings opened. Traders applied for permits to ship 5.5 million bales,
      Bloomberg  -  172 words
  • Page 26 Advertisements
    • 1864 26 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CFMHOLDINGSLIMITE (RegistrationNo.*****3708R) NOTICE OF THE TENTH ANNUAL GENERAL MEETING NOTICEISHEREBYGIVENthatthe enthAnnualGeneralMeeting CFMHoldingsLimited(the~~~ ~Company willbe held TheGrassroots Club,190AngMoKio enue Singapore*****6onThursday28October2010 10.00 a.m.forthefollowingpurposes: As Ordinary Business .1 1. TToo receiveandadopttheDirectors ReportandtheAuditedAccountsforthe nancialyearended30June2010, togetherwiththeIndependentAuditor ss Reportthereon. (Resolution .2 2. TToodeclare one-tiertaxexempt naldividend 0.70Singaporecentperordinaryshareforthe nancialyearended 30June2010. (Resolution
      1,864 words

  • ASIA-PACIFIC/WORLD
    • 500 27 AP [JOHANNESBURG] Nelson Mandela failing classes, fussing over his children, fighting with his wife. This is not the anti-apart-heid icon of Long Walk to Freedom, Mr Mandela’s 1995 autobiography. Conversations with Myself, which goes on sale today in 22 countries and 20 languages from
      AP; AFP  -  500 words
    • 548 27 Bond yields rise at talk of measures to help business cope with surge in baht Reuters [BANGKOK] Thailand may impose a tax on bonds to slow foreign inflows, the government said yesterday, as it grapples with a surge in the baht against
      Reuters  -  548 words
    • 423 27 Reuters [LONDON] Reported fresh attempts to outdo BHP Billiton’s US$39 billion bid for Canadian group Potash Corp look unwieldy, analysts said, suggesting the world’s biggest miner still has the field to itself. Bernstein analyst Paul Galloway said that getting the financial clout
      Reuters  -  423 words
    • 450 29 Move comes after IMF chief says it is willing to extend bailout loans [LONDON] Credit-default swaps on Greece fell to the lowest level in four months after the International Monetary Fund said it may be willing to extend bailout loans. Contracts on Greek
      450 words
    • 412 29 [MANILA] Philippine President Benigno Aquino yesterday ordered that charges be filed against Manila’s police chief and three other law enforcement officials over their handling of a deadly bus hijacking in August. Mr Aquino also called for lesser charges against Manila Mayor
      AFP  -  412 words
    • 554 29 [STOCKHOLM] Peter Diamond and Dale Mortensen of the US and British-Cypri-ot Christopher Pissarides yesterday won the 2010 Nobel Economics Prize for work on why supply and demand do not always meet in the labour market and elsewhere. The prize highlights one aspect of
      AP, AFP  -  554 words
    • 326 29 [BRUSSELS] Language divided Belgium faces a decisive week as a French-speaking leader yesterday mooted a break-up ahead of a deadline set by the king to resume marathon talks to form a government. “The situation is very serious,” Elio Di Rupo, head of the Francophone
      326 words
    • 897 33 Washington meetings showcase growing influence of emerging markets Reuters [WASHINGTON] Emerging market finance leaders came to the centre of Western power this weekend and dispensed advice to the world’s richest nations. Three years into a financial crisis spawned in the United States, advanced nations are
      Reuters  -  897 words
    • 375 33 Reuters [SEOUL] The South Korean won fell back from earlier gains after hitting a more than five-month high against the US dollar yesterday, following a local media report on the possibility of a withholding tax on bond investments by foreigners.
      Reuters  -  375 words
    • 330 33 Reuters [WASHINGTON] Much higher capital standards are needed for the financial industry to be a source of economic growth over the long-run, a top US Federal Reserve official said. International bankers this weekend warned a global crackdown on bank oversight could undermine a fragile
      Reuters  -  330 words
  • Page 27 Advertisements
    • 90 27 Congratulations to National University Hospital and Tan Tock Seng Hospital, in collaboration with Integrated Health Information Systems Pte Ltd on winning the 2010 National Infocomm Award (Most Innovative Use ofTechnology Public Sector) for their Closed Loop Medication Management System (CLMM) involving Electronic Inpatient Medication Records (elMR) 9 f -0- >
      90 words

  • Page 28 Advertisements
    • 3497 28 [Equation EQUATION CORP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****111 ON) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Forth Annual General Meeting of Equation Corp Limited will be held at 300 Jalan Bukit Ho Swee, The Equation, Singapore *****6 on Thursday, 28
      3,497 words
    • 3175 28 NOTICES Health Management International Ltd (Company Reg. No: *****5241E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of HEALTH MANAGEMENT INTERNATIONAL LTD will be held at: Venue i-Connect Room, 168 Jalan Bukit Merah, Ground Floor, Surbana One, Singapore *****8 Date/Time Wednesday, 27 October
      3,175 words

  • Page 29 Advertisements
    • 405 29 Enjoy speciaHares fly^ Book today ana.c0m.s9 to enjoy amazing value with our all-inclusive fares! Japan Tokyo (Haneda/Narita)/ Osaka/Nagoya/Fukuoka Sapporo/Okinawa/ Other Japan domestic cities 5 Fares from Singapore To Japan: Tokyo (Narita) Fares: Travel period from 01 Oct '10-31 Mar '11 Tokyo (Haneda) Fares: Travel period from 31 Oct -16 Nov
      405 words

  • WORLD
    • 584 30 Uncertainties over emissions rules limiting their ability to raise capital Reuters [MELBOURNE] Asia-Pacific companies are worried that tougher laws on greenhouse gas emissions will hit financial performance and uncertainties on the issue are already limiting their ability to raise capital, a survey
      Reuters  -  584 words
    • 337 30 AFP [SEOUL] Hundreds of researchers at a UN global climate change body met in South Korea yesterday to discuss reform after embarrassing errors in a landmark report dented the organisation’s credibility. The Intergovernmental Panel on Climate Change (IPCC) started a four-day session in
      AFP  -  337 words
    • 297 30 Reuters [SINGAPORE] Saudi Arabia, Opec’s top oil exporter, will keep full contracted volumes of crude supply in November to at least six term buyers in Asia, steady with October levels and as expected by most traders, sources with refiners said yesterday. The
      Reuters  -  297 words
    • 673 31 Republicans’ donors could be oil interests or foreign-owned firms, he claims NYT [PHILADELPHIA] With his party facing losses in next month’s election, President Barack Obama pressed his argument on Sunday that the opposition is trying to steal the election with secret special-interest money,
      NYT; AFP  -  673 words
    • 673 31  -  F1 COMMENTARY By STEVE SLATER The writer is an F1 race commentator on STAR Sports’ coverage of the Formula One THE Red Bull walkover at Suzuka on Sunday, where neither McLaren nor Ferrari could match their pace, was rightly regarded as one of the best races of
      673 words
  • Page 30 Advertisements
    • 2534 30 [SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg METAX ENGINEERING CORPORATION LIMITED (Incorporated theRepublic Singapore) (Compan RegistrationNo *****0111H) NOTICE OF ANNUAL GENERAL MEETING NOTICEISHEREBYGIVENthattheAnnualGener Meeting MetaxEngineeringCorporation Limited(the“Company”)willbeheld 28ThirdLok angRoad,Singapore*****6onThursda 28October2010 10.00am the ollowingpurposes:ASORDINAR USINESS .1 1. TToo receiv andadopttheauditedaccounts the nancial earended30 une2010together with theRepor theDirectorsandIndependent uditors andStatement theDirectors thereon. (Resolution
      2,534 words
    • 188 30 Rt>yal Caribbean Legend of the Seas m 2-NIGHT MALACCA WEEKEND CRUISE KNlSTwBEST.OF MALAYSIA CRUISE Singapore Departures: 2010' Nov 26 Dec 3 10..17 20 20.11' Jan 14. 21, Feb 6».. 4-NIGHT ISLES OFSOUTHEAST ASIA CRUISE Singapore Departures: 2010' Nov 22", 29, Dec 6 13 2011' Jan 10,17, 29, Feb 2 9
      188 words

  • Page 31 Advertisements
    • 520 31 Register online at www.carbonforumasia.com ilSiS il \Zi The Asia-Pacific Carbon Markets Crossroads Part of SINGAPORE INTERNATIONAL ENERGYWEEK 27 October 4 November 2010 www.singapore.iew.com.sg Carbon Market Trade Fair Conference 27 28 October 2010, Raffles City Convention Centre, Singapore O B an 9ea -1 a\ en energy Powering tomorrow', world n tun
      520 words

  • Page 32 Advertisements
    • 2074 32 PLATO CAPITAL LIMITED (Company Registration No. *****7443M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of PLATO CAPITAL LIMITED (the "Company") will be held at The Heritage Meeting Room, Link Hotel, 50 Tiong Bahru Road, Singapore *****3 on
      2,074 words
    • 555 32 MATS Q Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES E3 HOLDINGS LTD (Incorporated in Singapore) Company Registration No. *****5255E NOTICE OF ANNUAL GENERAL MEETING NOTICE HEREBYGIVENthattheAnnualGeneraMeetin E3HoldingsLtd.willbeheldon28Octobe 2010 ta t at 10.00a.m. Lion City Hotel,PalmsRoom,15 anjongKatongRoad,Singap *****0 transa the following businesses: AS ORDINARY BUSINESS 1. TToo rreceiveandadopttheDirectors’ReportandAuditedAccounts theCompanyforthe nancialyearended 30June2010togeth withtheAuditors’Reportthereon.
      555 words
    • 594 32 INTHEMATTEROFTHECOMPANIES CT (CHAPTER 50) AND IN THE MATTER OF CLIFTONS PTE. LIMITED (Incorporated Singapore) (Compan egistration o.:*****5570R) SSTTAATUTOR DECLARATION DIRECTORSOFCOMPANY'SINABILIT TTOO CONTINUEBUSINESS REASONOF ITS LIABILITIES ,I I,RRaginiDhan antray(NRICNo.:S*****93G) fo f of CliftonsPte.Limite 20Cecil et, 4-0 EquityPlaza,Singapor 705mak oat andsay follo 11.. II am he director he aboenamed compan .2 2.
      594 words
    • 572 32 IN THE MATTER OF THE OMPANIES 50 AND IN THE MATTER OF HU YUESIN POREPTE. D. (InMember oluntar Winding-Up Compan egis ation 200 *****R RESOL TIONS SSEDON9TH OF OCTOBER20 AAtt an Extraordinar Gener Meeting he Compan held Lane72 aoAnRd.Sec. 11,, PPao AnVillageJen ehHsiang, ainan, aiwan, Chinaon he October20 .00a.m. he
      572 words

  • Page 33 Advertisements
    • 1230 33 STJAMESHOLDINGSLIMITED (RegistrationNo:*****0338M) (Incorporated theRepublic Singapor NOTICEOFANNUALGENERALMEETING NOTICEISHEREBYGIVEN that the EighthAnnualGeneralMeeting St. JamesHoldingsLimited(the“Company”)willbeheld Movida,St.James PowerStation, SentosaGateway#01-01,Singapor *****4,onWednesday27October2010, 3.30p.m.,forthepurpose transactingthefollowing business: ASORDINAR BUSINESS .1 1. TToo rreceive andadopttheauditedaccountsforthe nancial yearended30June2010togetherwiththeReports the Directo andAuditorsand Statement Directorsthereon. (Resolution .2 2. TToo approvethepayment $157,000asDirectors’feesforthe nancialyearended30June2010.(2009:$157,000) (Resolution .3 3. TToo rre-electthefollowingDirectors etiringpursuant Article107 theCompany’ Articles Association:
      1,230 words

  • EDITORIAL & OPINION
    • 487 34 EDITORIAL THE ongoing Commonwealth Games in New Delhi have undoubtedly been the most controversial edition of the so-called “friendly games” for countries which were once part of the British Raj. Despite getting seven years to prepare for the event, the organising committee
      487 words
    • 724 34  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent AS it struggles to assert its flagging global influence, the European Union should switch the focus from politics to what it does best: trade, investments, transfer of technology, and export of consumer norms and
      724 words
    • 1040 34  - Fed to the rescue in US economic recovery But if it does more QE, then the US could be accused of doing what it says China is doing LEON HADAR Washington Correspondent EVEN the most cheerful forecaster looking to a speedy American economic recovery from the Great Recession would have
      REUTERS  -  1,040 words
    • 1116 35  -  With over 600m people dependent on agriculture, India must balance conflicting demands to give its poor a decent deal YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT IT WAS a watershed moment for India’s agricultural system when the country’s Supreme Court
      AFP  -  1,116 words
    • 834 35  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own NOBEL Peace Prize folks have done something even past winner Barack Obama hasn’t: take on China. Good for them for shining a spotlight on human rights in
      834 words
    • 415 35  -  LETTERS TO THE EDITOR Yeo Kim Thye Director, airport operations Changi Airport Group I REFER to “Growling passengers could give up on Tiger” (BT, Oct 6) and wish to clarify the reference to the Flight Information Display System (FIDS) at Changi
      415 words
    • 275 35  -  Denis Distant I REFER to the article, “With more algos, does SGX need circuit breakers?” (BT, Oct 11). Many a time have I raised in your letters page the need for the Singapore Exchange to introduce circuit breakers, but to no avail
      275 words


  • AVIATION
    • 886 36 European airlines pushing EU to slow growth of Mid-east rivals Bloomberg [PARIS] Air France-KLM Group is teaming up with Europe’s biggest airlines to push for European Union action to slow the encroachment of Emirates and other Gulf carriers, saying the region’s status as an
      Bloomberg; BLOOMBERG  -  886 words
    • 366 36 It retains right to the EasyJet name for up to 50 years Bloomberg [LONDON] EasyJet Plc has resolved a brand licence dispute with founder and biggest shareholder Stelios Haji-Ioannou, giving Europe’s second-largest discount airline greater freedom to boost revenue through marketing deals with other travel
      Bloomberg; BLOOMBERG  -  366 words
    • 2972 36 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam SQ323 0605 AZ3993 0025
      2,972 words
    • 282 36 AP [MOJAVE, California] Virgin Galactic’s space tourism rocket SpaceShipTwo achieved its first solo glide flight on Sunday, marking another step in the company’s eventual plans to fly paying passengers. SpaceShipTwo was carried aloft by its mothership to an altitude of 45,000 feet and
      AP  -  282 words
    • 201 36 AFP [SYDNEY] A computer glitch that shut down check-in services for Australia’s Virgin Blue last month, stranding thousands, cost the airline up to A$20 million (S$25.7 million, it said yesterday. The carrier’s national reservations, check-in and boarding systems crashed on Sept 26,
      AFP  -  201 words
    • 3395 37 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,395 words
  • Page 36 Miscellaneous
    • 337 36 CRYPTIC CROSSWORD Across 1 Places that attract men getting married (7,5) 9 An early experience of a setter’s design (9) 10 Relative value finally found in Mediterranean city (5) 11 No-one gets disheartened with income from this sort of music (3,3) 12 Doctor protecting source of tropical fish (8) 13
      337 words


  • 420 38 Govt deploys fuel trucks as strike in Marseille oil terminals continue Bloomberg [PARIS] A strike by workers at the French port of Marseille’s oil terminals entered its 15th day, forcing the government to transport fuel by road and rail to avoid shortages as refineries in
    Bloomberg; AFP  -  420 words
  • 193 38 AFP [DUBAI] The Gulf emirate of Dubai, home to the biggest port in the Middle East, yesterday opened a Dubai Logistics Corridor aimed at easing the flow of shipments between sea and air ports in the trade hub. The new facility links
    AFP  -  193 words
  • 381 38 Reuters [ST PETERSBURG, Russia] Russia is set to build a new export terminal worth US$300-US$500 million and capable of shipping 18 million tonnes of coal a year via the Barents Sea, the head of the Lavna Trading Port Company told Reuters. The new
    Reuters  -  381 words
  • 398 38 It is seeking oil and gas assets to expand its business Reuters [HONG KONG] Hong Kong-listed Brightoil Petroleum (Holdings) Ltd said yesterday that its global bunker sales network will be completed in a year and it is seeking oil and
    Reuters  -  398 words
  • 278 38 SGX '000 Oct 11 S$ +/-Vol CH Offshore 0.56 0.01 622 Chuan Hup Hldg 0.26 unch 155 Cosco Corp 1.90 0.01 ***** CWT Ltd 1.00 0.02 2327 Ezra Hldgs 1.77 unch 2471 First Ship Lea 0.47 0.01 398 Freight Links 0.08 0.01 300 Grand Banks 0.50 unch 42
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  • Page 38 Advertisements

  • Page 39 Advertisements
    • 1371 39 WAT-3 ~vrir^F^ Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES ULTRO TECHNOLOGIES LIMITED (Company Registration Number *****0318G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 23rd Annual General Meeting of ULTRO TECHNOLOGIES LIMITED (the “Company”) will be held at 1 Changi Business Park
      1,371 words
    • 2507 39 roi LQJ HUPSteel HUPSTEEL LIMITED Company Registration Number: *****1452D (Incorporated in Singapore with Limited Liability) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of HUPSteel Limited ("the Company") will be held at 116 Neythal Road Singapore *****3 on Thursday, 28 October 2010 at
      2,507 words

  • SINGAPORE STOCKS
    • 9153 40 Transaction date: Oct 11 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 -0.5 200 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834
      9,153 words
    • 1746 41 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 162 +3 1 162 162 154
      1,746 words
    • 9390 41 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.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,390 words
    • 829 41 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 $mil 124 107 6389 ABF SG Bond ETF 116 114.2 121 529.5 1016 757 CIMBAsean40 100US$ US1008 +2 40 1008 1008 1004 1012 40.3 323
      829 words
    • 259 41 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 $mil 56 38 6000 AVJennings A49.5 -2 2 49.5 49 49 50.5 3.6 7.1 4 128.9 55 16 6017 Genting HK US$ US43.5 unch *****
      259 words


  • FINANCE & COMMODITIES
    • 374 42 In local curr In S$ In US$ dy yr dy yr dy yr Oct 8 Index Change Change Change Change Change Change World Index Preliminary 845.7 0.1 1.6 0.1 -3.8 0.2 3.4 EAFE Preliminary 772.5 -0.2 -1.6 -0.2 -5.3 -0.1 1.9 Europe Preliminary 1133.0 -0.1
      374 words
    • 177 42 Oct 11 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.07 US$ 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 0.62 0.52 9 months 0.80 0.60 12
      177 words
    • 22 42 Oct 11 S$ Bid Offer 1-month 1.3067 1.3078 2-months 1.3067 1.3078 3-months 1.3067 1.3078 6-months 1.3066 1.3078 Source: OCBC
      22 words
    • 152 42 Oct 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 10 389.3 381.0 389.3 27 Dec 10 389.0 389.0 389.0 20 Jan 11 391.0 390.5 391.0 50 Feb 11 391.5 391.5 391.5 10 Mar 11 393.5 393.5 393.5
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    • 84 42 Oct 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13.01.2011 0.29 0.27 0.24 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 104.13 104.16 104.16 5-Year N*****0S 2.875 01.07.2015 109.32
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    • 105 42 Oct 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1135.00 1065.00 1135.00 1062.00 Jan 11 1145.00 1075.00 1145.00 1072.00 Mar 11 1153.25 1083.25 1153.25 1080.00 May 11 1157.25 1087.25 1157.25 1083.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Oct 10 46.22 43.79 47.10
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    • 77 42 CRUDE OIL PRODUCTS Oct 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 84.82 0.67 WTI (Near Mth) 82.78 1.31 Dubai (1-Mth F) 80.06 -2.67 Tapis blend 89.20 -2.90 Minas 82.45 -3.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.00 -2.00 Jet Kerosene 93.60 -1.80 US$/barrel Opec Oil
      77 words
    • 2348 42 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 -0.5 57 1 3 -8 2.40 2 6221 Asia-Pacific Strategic W*****6 39 1 150 17 4.15 43 6227 ASJ Hldgs W*****1 2.5 1 4
      2,348 words
    • 132 42 Oct 11 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2560 1.2870 Can dollar 1.2800 1.2950 Euro 1.8000 1.8200 NZ dollar 0.9710 0.9920 Sterling pound 2.0720 2.0950 US dollar 1.3040 1.3190 Local dollars to 100 units of foreign
      132 words
    • 27 42 Oct 11 Open High Sett STI Oct 3161 SIMSCI Oct 369.0 372.3 370.8 Taiwan Oct 289.4 291.1 287.1 Source: MF Global (S) Pte. Ltd
      27 words
    • 66 42 Oct 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Last Av Vol Open Month Range Price Price High Low Done Position Oct 10 2900 2900 2900 2900 3 148 Nov 10 2905 2929 2950 2895 2755 8302 Dec 10 2903 2930 2940 2886 ***** ***** Jan 11 2900 2929
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    • 383 42 Oct 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6800 0 7615 Mar11 99.6400 0 1712 Jun11 99.5950 0 1754 Sep11 99.5250 0 1416 EUROYEN TIBOR FUTURES Dec10 99.6925 0 2786 Mar11 99.7175 0 1454 Jun11 99.7400 0 2574 Sep11 99.7350 350 947 Dec11 99.7300
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    • 464 42 Oct 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 6.557 0.706 7.626 43.652 87.713 0.807 10.987 3.052 1.309 84.680 42.871 1.285 6.751 0.947 30.268 29.550 0.617 0.983 Canada 1.005 6.591
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    • 85 42 Oct 11 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 42 Oct 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2842 1.2860 0.9828 0.9833 Canadian dollar 1.2911 1.2924 0.9880 0.9882 Euro 1.8191 1.8211 1.3921 1.3925 NZ dollar 0.9815 0.9827 0.7511 0.7514 Sterling pound 2.0818 2.0842 1.5932 1.5937
      154 words
    • 138 42 Oct 11 GOLD (US$/oz) Oct 08 Oct 11 Hong Kong 1333.30 1350.40 Oct 07 Oct 08 London 1331.90 1347.65 1332.90 1348.00 Source: Thomson Reuters CAST BAR Oct 11 (S$) Selling Buying Kilobar 60,557.72 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 56 5gm 385 282 10gm 688
      138 words
    • 71 42 Oct 8 Oct 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2385.75 2291.75 3 months 2420.00 2325.00 Copper, Grade A (US$/tonne) Cash 8304.00 8086.75 3 months 8310.00 8100.00 Lead (US$/tonne) Cash 2243.75 2181.00 3 months 2272.00 2209.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 82 42 Oct 8 COCOA (£/tonne) Close Prev High/Low Dec 10 1870 1840 1874/1828 Mar 11 1892 1862 1896/1851 May 11 1910 1881 1913/1870 Jul 11 1927 1897 1931/1886 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1655 1621 1657/1590 Jan 11 1687 1653 1689/1623 Mar 11 1710 1677 1713/1647 May 11
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  • PROPERTY
    • 519 43 Govt may introduce rent-to-own subsidised housing to curb prices: paper [HONG KONG] The number of secondary home sales in 10 of Hong Kong’s biggest private housing estates jumped 79 per cent last week, underscoring optimism that the government won’t accelerate a crackdown on property
      REUTERS  -  519 words
    • 317 44 Bloomberg [TAIPEI] Taiwan will tighten its taxation of vacant land from next year after property prices surged, fuelling concern that a real estate bubble was forming. The government will tax all idle land at a rate from one per cent and exemptions will
      Bloomberg  -  317 words
    • 277 44 S&P believes there is room for average selling prices to adjust downward Reuters [HONG KONG] China’s property developers may face further price cuts of up to 10 per cent in major cities in the next 12 months. Despite the sector volatil- ity and
      Reuters  -  277 words
    • 377 44 TWO resort projects on idyllic islands are being offered for sale to individual investors one each in the Maldives and Cambodia. The Maldives project will be launched for sale in London, Hong Kong, and Singapore this November and December by Jones Lang
      377 words
    • 327 44  -  By KALPANA RASHIWALA TANG Wei Leng a star investment sales property consultant until she left the business more than three years ago is rejoining the industry. Colliers International yesterday announced her appointment as an executive director and head of department for investment
      327 words
    • 409 45  -  Tenants at the $87m project so far come from the private and public sectors By EMILYN YAP CLEANTECH One the first building to take shape at the CleanTech Park ecobusiness centre is 50 per cent let ahead of its completion in December next year.
      ARTIST IMPRESSION  -  409 words
    • 254 45  -  By KALPANA RASHIWALA FAR East Organization is said to have sold 76 units at The Lanai, a 999-year leasehold condo in the Hillview area, at a preview that started last Saturday. The units sold include a bulk deal. Prices at
      254 words
    • 318 45  -  By FELDA CHAY THE Housing and Development Board (HDB) is putting up for sale today a public housing site at Upper Serangoon Road under the Design, Build, and Sell Scheme (DBSS) the third piece of land to be sold under the scheme
      318 words
  • Page 43 Advertisements
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  • Page 44 Advertisements
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  • Page 46 Advertisements
    • 1550 46 Advertisement JEC Show Asia 2010: Forefront of composites developments JEC Show Asia 2010, to be held on 12-14 October 2010 at the Suntec International Convention Exhibition Centre in Singapore, is the leading composites platform in the Asia Pacific region that brings together all global composites industry players. il,K. I 14
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