The Business Times, 18 August 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, August 18,
    23 words
  • 826 1  -  Kin Lian was first at nomination centre, Cheng Bock last PRESIDENTIAL ELECTION 2011 By LEE U-WEN, CHUANG PECK MING [SINGAPORE] It’s official: Singapore will witness a historic four-way battle for the honour of becoming the country’s new president come next Saturday. All
    PHOTOS: ARTHUR LEE  -  826 words
  • 906 1  -  Fall in July’s NODX raises odds of technical recession as forecasters relook estimates By CHUANG PECK MING [SINGAPORE] A surprise dip in July’s non-oil domestic exports (NODX), reported yesterday, has raised the odds of a technical recession in the current quarter, with
    906 words
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  • TOP STORIES
    • 601 2  -  Central bank chief says the country can still achieve 5% growth for the year By Pauline Ng in Kuala Lumpur THE Malaysian economy is expected to grow by some 5 per cent this year after expanding 4.4 per cent in the first six
      601 words
    • 705 2 MBSB taps government servants for loans’ growth A special series brought to you by Bursa Malaysia and ShareInvestor “We have 80,000 customers out of 1.2 million civil servants, so there is further potential,” observed Malaysia Building Society Bhd (MBSB) chief executive Ahmad Zaini Othman. Recently
      705 words
    • 552 2  - S’pore 1, HK 0 pull factors that may have drawn Man Utd IPO Peter Lim’s possible involvement could be one reason By JOYCE HOOI [SINGAPORE] Singapore might have acquired a slight whiff of second fiddle to Hong Kong when it comes to going public, but Manchester United’s rumoured move to
      552 words
    • 140 2 HST INDEX 2,828.53 (-4.20) HST INDEX FUTURES 2,827 (-1) GSIMSCI 326.42 (+0.33) HSIMSCI FUTURES 325.90 (-0.30) PRIME RATES SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.731 TAIWAN 4.956 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.25 Source: Bloomberg KL COMP 1,503.07
      140 words
    • 582 2 Technical recession in the frame as exports dip A SURPRISE dip in Singapore’s July non-oil domestic exports, reported yesterday, has raised the odds of a technical recession in the current quarter, with talk too of full-year GDP growth undershooting the official 5-6 per cent forecast if second-half growth
      582 words
    • 647 4 It will let foreigners buy 20b yuan of mainland securities using the currency Reuters [HONG KONG] China will soon allow foreign investors to use the yuan to buy up to 20 billion yuan (S$3.8 billion) worth of mainland securities, Chinese VicePremier Li
      Reuters; BLOOMBERG  -  647 words
    • 567 4 Unions furious at restructuring plans warn of strike action [SYDNEY] Qantas chief executive Alan Joyce vigorously defended the company’s Asia-focused restructuring plans yesterday, saying they were vital to keeping the carrier relevant as a dispute with unions heated up. The airline has faced
      AFP FILE PHOTO  -  567 words
    • 256 4 Reuters [SINGAPORE] A unit of Singapore investment company Temasek is selling an almost 8 per cent stake in Thai telecoms firm Shin Corp for as much as US$316 million, in an attempt to increase the free float of the company, IFR Asia reported. Cedar Holdings,
      Reuters  -  256 words
    • 473 4  -  Deadline of January 2012 for cold shutdown may now have to be pushed back By ANTHONY ROWLEY in Tokyo THE plan to stabilise runaway reactors at Japan’s crippled Fukushima nuclear power plant by next January may have to be revised, because attempts to
      473 words
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  • Page 3 Advertisements
    • 141 3 Supporting SMEs, championing big dreams. Best SME Bank 2010-2011 by Alpha Southeast Asia Magazine Best ASEAN SME Bank 2011 by Asian Banking and Finance Magazine As the longest established local bank, we have always been there for Small and Medium-Sized Enterprises. Through our commitment to support the growth ambition of
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    • 100 5 Why be heavy when light keeps you in front. Luxury has progressed. Get ready to change the game. With advanced lightweight engineering, the all-new Audi A6 is designed to give you heavyweight performance. Aluminium hybrid construction, powerful yet efficient FSI® and TFSI® engines; every single part of the Audi A6
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  • COMPANY NEWS
    • 1039 6  -  It is now seeking yet another EGM to remove the same four men EGM TUSSLE By JAMIE LEE, KELLY TAY EUROPEAN hedge fund Laxey Partners yesterday failed to remove four directors, including Wee Cho Yaw and Wee Ee Cheong, from the board of
      1,039 words
    • 188 6  -  By CARINE LEE OVERSEA-CHINESE Banking Corporation (OCBC) has established a US$5 billion US commercial paper programme. The new facility will allow the Singapore banking group to issue unsecured commercial paper notes within the United States from time to time. The notes, which have
      188 words
    • 688 6  -  HOCK LOCK SIEW By LEE U-WEN EYEBROWS were raised on Tuesday as news broke of Manchester United’s likely initial public offering (IPO) launch in Singapore later this year a deal that could raise as much as US$1 billion for the highly
      FILE PHOTO  -  688 words
    • 281 6  -  By MINDY TAN SUPERMARKET chain Sheng Siong Group, which made its trading debut yesterday amid weak market sentiment, managed to stay above water, albeit with a one-cent gain at 34 cents. The stock, which was issued at an initial public offering (IPO) price
      281 words
    • 447 9  -  This despite a sharp fall in risk appetite among fund managers: survey By MICHELLE TAN DESPITE a sharp fall in risk appetite, fund managers are still showing a “stable optimism” about emerging markets, according to a Bank of America Merrill Lynch (BOA-ML) survey. The August
      447 words
    • 340 9  -  By LYNN KAN JAPAN’S Shionogi Co has made a mandatory unconditional offer, at 50 cents a share, for the remaining 41.83 per cent stake in China-based C&O Pharmaceutical Technology that it and concert parties do not already own. The offer for the remaining
      340 words
    • 551 9 Reuters ASIA’S commodities business is still largely insulated from looming fears of yet another global financial crisis, although new projects might face difficulties in getting financing. All of the 10 banks and oil trading houses contacted said it is business as usual in the
      Reuters; AFP  -  551 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 67 7 www.vw.com.sg Zero road tax for the next 10 years. 0-1-^ WVv/ :'-VT Polo Golf Touran Scirocco Passat Passat CC u. Caddy Transporter To enjoy this offer, test drive at Volkswagen Centre Singapore today. Hurry, offer ends 6 September. m Volkswagen. Das Auto. Volkswagen Centre Singapore, 26 Leng Kee Road and
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  • SINGAPORE MARKETS
    • 614 8  -  But index still closes four points down at 2,828 after scaling intra-day high of 2,856 STOCKS R SIVANITHY Senior Correspondent AN UNCERTAIN session yesterday saw the Straits Times Index first recover 24 points to an in-tra-day high of 2,856 most probably through short-cover-ing after
      Source: Bloomberg  -  614 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 1 6 0 0 0 7 1 6 Manufacturing 59 47 35 8 3 6 67 50 41 Commerce 19 21 19 6 4 2 25 25 21 Tpt/Stor/Comms 20 16 5
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,790 23,790 77,555 77,555 Manufacturing 168,909 5,670 174,579 186,764 196 186,961 Commerce 196,293 5,147 201,440 128,501 401 128,903 Tpt/Stor/Comms 170,803 2,829 173,632 235,095 254 235,348 Finance 16,953 105 17,058 167,552 23 167,575 Construction 20,993 14,018
      123 words
    • 109 8 Stock name Close Change CapMallsAsia 1.175 -0.005 CapitaLand 2.540 +0.020 CapitaMall 1.780 +0.010 CityDev 9.990 -0.020 ComfortDelGro 1.325 +0.020 DBS Grp 13.900 F&N 5.520 -0.060 GLP 1.685 -0.035 Genting SP 1.630 Golden Agri 0.670 +0.035 HK Land 5.750 -0.180 JMH 50.720 -0.860 JSH 29.680 +0.280 Jardine
      109 words
    • 4 8 DAILY
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    • 65 8 Aug 17 VALUE CLOSE BT OB/OS -1653.00 +296.0 BT CADI -*****.00 +63.0 BT 10-day MA -*****.00-166.00 FTSE ST Mid Cap 659.05 +6.44 FTSE ST Small Cap 441.20 +2.19 FTSE ST All Share 685.74 +0.42 FTSE ST China Top 209.87 +0.27 FTSE ST China 243.86 -1.41 FTSE ST
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    • 60 8 VOLUME Golden Agri 162,723,000 Sheng Siong 92,341,000 Genting SP 77,679,000 EuNetworks 70,590,000 HSI*****MBeCW*****9 38,721,000 HPH Trust US$ 30,366,000 Noble Grp 28,819,000 SingTel 28,657,000 Cosco Corp 22,534,000 C&O Pharm 22,326,000 VALUE($) Genting SP 127,302,229 Golden Agri 106,945,535 SingTel 86,072,590 OCBC Bk 57,789,510 Keppel Corp 51,138,421 UOB 49,817,510 Wilmar
      60 words
    • BROKERS’ TAKE
      • Article, Illustration
        286 8 Aug 17 close: S$0.995 DnB Nor Markets, Aug 16 EZRA Holdings announced on Tuesday that its subsidiary Emas AMC has secured 3+2-year contract for the installation of wellhead platforms and associated pipelines in the Gulf of Thailand from Chevron Thailand worth about US$300 million. There has been positive
        Source: Bloomberg  -  286 words
      • 451 8  -  DBS Vickers Research, Aug 17 Compiled by LYNN KAN LOANS grew by 7.7 per cent q-o-q, bringing YTD growth to 12.6 per cent across the three domestic banks in Q2 FY2011. Sing-dollar loans grew by 4.4 per cent q-o-q (YTD: 7.8 per cent). We gather that a sizeable
        451 words
      • 138 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        138 words
    • 495 8 CURRENCIES Reuters [LONDON] The Swiss franc jumped sharply yesterday as fresh steps by the Swiss National Bank to stem the currency’s gains disappointed a market positioned for more radical measures. The SNB said it would boost liquidity by expanding sight deposits to 200
      Reuters; BLOOMBERG  -  495 words
    • 117 8 BY CENTS CLOSE UP OCBC Bk 5.1%NCPS 100 ***** 240.0 2.3 GLD 10US$ ***** 169.7 0.8 DBXT iBoxxSing 5SG$ ***** 117.0 0.9 DBXT E50 10US$ 3726 71.0 1.6 DBXT FTVietnam 10US$ 2511 56.6 1.9 UOB 5.05%NCPS 100 ***** 50.0 0.5 DBXT AUDMM 5US$ ***** 40.9 0.2 DBXT DBLCI-OY 5US$
      117 words
    • 123 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-145.7 -1.1 DBXT DBCBDJUBS 10US$ 3721-140.8 -3.0 JMH 5072-103.5 -1.7 DBXT DBCBLEB 10US$ 2222 -91.5 -3.3 DBXT FTChina25 10US$ 2786 -36.1 -1.1 IS S&P500 ***** -36.1 -0.3 Jardine C&C 4305 -30.0 -0.7 DBXT S&P Short 10US$ 4577 -26.5 -0.5 HK Land 575
      123 words
    • 5 8 DAILY
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  • Page 9 Advertisements
    • 119 9 EVERYTHING ELSE, REVOLUTIONARY. When the Jaguar E-Type was launched 50 years ago, it was hailed as a stunning car in every aspect of design, refinement and power. Today, its legendary lineage continues with the Jaguar XK range. Constructed with an all-aluminium body for lightness, it gives excellent rigidity with remarkable
      119 words

  • SINGAPORE NEWS
    • 535 10  -  They are important given the uncertain global economic outlook: IE S’pore Reports by FELDA CHAY WITH even more uncertainty over global economic growth and rising inflation in Asia, it is critical for Singapore to have locally based, globally competitive companies, said International Enterprise
      535 words
    • 420 10  -  Slight rise for small, substantial falls for big, open categories By VEN SREENIVASAN THE latest COE premiums have turned out to be a mixed bag, reflecting increasing cautiousness among car buyers. While the premiums for Category A (small cars) rose by $500
      420 words
    • 408 10 ASIA will likely be able to keep growing even as the various crises in the United States and Europe continue to threaten the global economy, the Asian Economic Forum held on the sidelines of the Fastest Growing 50 (FG50) awards ceremony
      408 words
    • 322 10 CITI Singapore has raised a record $570,000 for ChildAid through an annual charity golf event that was held yesterday. The money was raised through the donations of Citi’s partners by the sponsorship of Citi-hosted golf flights, with more than 140 of Citi’s
      DESMOND WEE/THE STRAITS TIMES  -  322 words
    • 301 10  -  By MICHELLE YEO LEADING Singapore-based logistics and supply chain management (SCM) company YCH Group is beefing up its network presence in Australia with its recent acquisition of the LG Electronics Australia (LGE) supply chain business. Under their agreement, YCH Australia will streamline
      301 words
    • 385 10  - S’poreans most travelled in AsiaPacific: survey By KELLY TAY SINGAPOREANS have topped yet another list this time, they are Asia-Pa-cific’s most travelled people. This is according to data released yesterday from the inaugural MasterCard survey on consumer purchasing priorities, focused on travel. Conducted from March to April this year, the
      385 words
    • 283 10  -  By MICHELLE YEO THE 6th annual Singapore Gifts and Stationery Show 2011 (SGSS) opened yesterday, displaying a larger array of enticing gifts and ideas for corporates and individuals. The show Singapore’s largest annual display of the latest in gift trends and stationery opened with
      283 words

  • ECONOMY WATCH
    • 729 11 This is the biggest monthly gain this year; suggesting an improving outlook Bloomberg [WASHINGTON] Some of the gloom that settled over the US economic outlook as stocks and sentiment plunged in recent weeks may soon dissipate as households keep spending and factories keep
      Bloomberg; AP  -  729 words
    • 245 11 Two proposed reforms will boost coffers by 5b euros AFP [MADRID] Spain’s government will request an extraordinary meeting of Parliament next week to approve reforms boosting revenue by about five billion euros (S$8.7 billion) in 2011, a senior minister said yesterday. Prime Minister Jose Luis
      AFP  -  245 words
    • 433 11 Bloomberg [LONDON] UK unemployment claims increased the most in more than two years in July, adding pressure on Prime Minister David Cameron as the economic outlook worsens. Jobless benefit claims rose 37,100 from June to 1.56 million, the biggest gain since
      Bloomberg  -  433 words
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 1189 12  -  Satisfaction scores for both public buses and trains up for the first time since the index was launched in ’07, reports TEH SHI NING reports TEH SHI NING AMID grumbling over the hike in bus and train fares and heated debate over whether Singapore’s public
      1,189 words
    • 1003 12  -  By MINDY TAN STUDENTS from the private education sector are significantly more “satisfied” than those from the public education sector, says Institute of Service Excellence at Singapore Management University (ISES), based on a study conducted between April and June this year. The Customer
      1,003 words
    • 979 13  -  Buses and trains achieved their highest-ever satisfaction levels this year, reports TEH SHI NING reports TEH SHI NING ANYimaginablenumber of factors may make a company’s customers glad or sad, but one clear driver is change in government policies. Statistics back up the
      979 words
    • 928 13  -  By MINDY TAN IT appears that the adage, “you get what you pay for” is not necessarily true. Based on the Customer Satisfaction Index of Singapore (CSISG) which was conducted by the Institute of Service Excellence at Singapore Management University (ISES) between April and
      FILE PHOTO  -  928 words

  • Page 13 Advertisements
    • 277 13 A HOLISTIC APPROACH TO CUSTOMER SATISFACTION LV SMU SINGAPORE I UNIVERSITY MANAGEMENT LEVERAGING ON THE CSISG TO ENHANCE COMPETITIVENESS The Customer Satisfaction Index of Singapore (CSISG) is an annual study jointly developed by the Institute of Service Excellence at Singapore Management University (ISES) and the Singapore Workforce Development Agency (WDA)
      277 words

  • MALAYSIA
    • 462 14 Group plans to sell 26% of unit; analysts say more initial offerings in pipeline Reuters ters [KUALA LUMPUR] Malaysian builder MMC will raise up to RM750 million (S$303.5 million), or about RM2.25 per share, from the listing of its unit Gas Malaysia
      Reuters; ters  -  462 words
    • 552 14 The deal covers 65% stake in refiner Esso and 560 retail stations Reuters [KUALA LUMPUR] San Miguel struck deals yesterday to buy ExxonMobil’s Malaysian assets for US$610 million as the Philippine conglomerate aggressively expands on infrastructure assets outside its home base.
      Reuters  -  552 words
    • 135 14 Reuters [KUALA LUMPUR] Malaysia’s state oil firm Petronas has awarded the Balai Cluster oil field located offshore Sarawak to a joint venture between local oil and gas services provider Dialog Group, Australia’s ROC Oil and Petronas’ exploration arm. Dialog said in a filing to the
      Reuters  -  135 words
  • Page 14 Advertisements
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      134 words

  • Page 15 Advertisements
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  • GREATER CHINA/INDIA
    • 343 16 Approvals for new projects suspended following deadly train collision Bloomberg [HONG KONG] China’s rail construction investment slumped 26 per cent last month after a deadly high-speed train collision prompted officials to suspend approvals for new projects and impose more safety checks. Rail construction
      Bloomberg  -  343 words
    • 176 16 AFP [NEW DELHI] Indian Prime Minister Manmohan Singh yesterday slammed a hunger strike campaign by anti-corruption activist Anna Hazare as “totally misconceived” and deliberately confrontational. “The path he has chosen is totally misconceived and fraught with grave consequences for our parliamentary democracy,” Mr Singh told
      AFP  -  176 words
    • 238 16 AFP [BEIJING] A Chinese lawyer is suing a state-owned energy giant and its US partner over a huge oil spill off China’s north-east coast, amid public anger over the resulting pollution, state media said yesterday. More than 2,100 barrels of oil and
      AFP  -  238 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
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      5,015 words

  • WORLD
    • 560 18 Cost of crude goods, led by energy and food prices, falls for third straight month LATEST US DATA Bloomberg [WASHINGTON] Wholesale costs in the United States rose more than forecast in July, led by higher prices for tobacco, trucks and pharmaceuticals,
      Bloomberg  -  560 words
    • 455 18 He also plans to call for long-term cuts beyond US$1.5t Bloomberg erg [WASHINGTON] US President Barack Obama plans to ask Congress for billions of dollars in fresh spending to boost the economy and reduce unemployment, with a new focus on helping the long-term unemployed, an
      Bloomberg; erg  -  455 words
    • 499 18 Bloomberg [ZURICH] The franc strengthened after the Swiss central bank stopped short of announcing a target rate or temporary peg to the euro in its third attempt in as many weeks to drive down the currency. The Swiss National Bank (SNB) will boost
      Bloomberg; REUTERS  -  499 words
    • 421 18 [LISBON] Portugal’s jobless rate declined to 12.1 per cent in the second quarter as the country, the third in the eurozone to request a bailout, emerged from a recession. The unemployment rate declined from 12.4 per cent in the first quarter, the Lis-bon-based
      421 words
    • 476 18 Bloomberg [BANGKOK] Yingluck Shinawatra became Thailand’s first female prime minister by pledging to lift rural incomes through higher rice prices. The rest of Asia may now have to pay for her campaign promise. Ms Yingluck has said that the government will
      Bloomberg  -  476 words
    • 361 19 They hope proposals by France, Germany will usher in region-wide bonds Reuters [MADRID/ROME] Spain and Italy, under the market microscope over debt servicing costs, yesterday welcomed Franco-German proposals for a more integrated eurozone and said they hoped the plans would usher in
      Reuters  -  361 words
    • 302 19 But Frankfurt stock exchange dips in early trading AFP [BERLIN] German commentators yesterday welcomed a vow by Berlin and Paris to give the eurozone a “true economic government”, seen as a first step towards curbing the eurozone financial crisis. The Frankfurt stock exchange however reacted with scepticism,
      AFP  -  302 words
    • 380 19 Arsonists want to hit ‘fat cats’ in protests deriding globalisation, rising rents Bloomberg [BERLIN] Berlin resident Renate Langanke woke up shortly after midnight to a loud explosion. When the pensioner peeked out of her window, she saw flames billowing from two MercedesBenz brand cars
      Bloomberg  -  380 words
    • 396 19 Irish minister wants it to apply to EU, not just eurozone Reuters [DUBLIN] French and German proposals to introduce a new financial transaction tax will face opposition from other European countries and Ireland will insist that any such tax apply to the entire
      Reuters  -  396 words
  • Page 18 Advertisements
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    • 333 18 UJORLD FDHUM Media Integration World Forum Media, Marketing and You, the SME A conference by SMEs for SMEs 20-21 September 2011 Republic Polytechnic Do you feel the need to market your products and services more effectively and cost efficiently? We understand that marketing budgets and resources are precious. And it
      333 words

  • Page 19 Advertisements
    • 164 19 There Are Some Things In Life For Which You'll Never Compromise Your health is clearly one of them, and we understand. That's why Paragon Medical is home to a total of over 60 specialists, ensuring you get the best of care to stay in perfect health. MEDICAL SERVICES: Aesthetics/Cosmetic Surgery
      164 words

  • EDITORIAL & OPINION
    • 485 20 EDITORIAL COMPANY results compiled by DP Information Group show that more than 200 Singapore companies recorded double-digit revenue growth over the past three years while staying profitable every year. That’s quite an achievement, given that these enterprises, large and small, bucked the 2009 global financial
      485 words
    • 753 20  - Beijing banks on people-to-people links with Taiwan THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHEN Ma Ying-jeou became president of Taiwan more than three years ago, he predicted a “new era of cross-straits relations”. In his inaugural address,
      753 words
    • 948 20  -  Without debt mutualisation, the eurozone is unlikely to survive intact By SIMON TILFORD in London The writer is chief economist at the Center for European Reform THE eurozone’s institutional weaknesses have been laid bare. The attempt to run a common monetary policy without a common treasury has
      REUTERS  -  948 words
    • 1365 21  -  Book details Fed’s monetary blunders since 1915 and calls for regulations requiring it to pursue responsible policies NEIL BEHRMANN London Correspondent BENBernankehasbegun the next phase of the US Federal Reserve Bank’s currency war on the rest of the world. A renewed bout
      AFP  -  1,365 words
    • 915 21  -  ANTHONY ROWLEY Tokyo Correspondent AS THE dust (much of it radioactive still) continues to settle on Japan’s Fukushima nuclear disaster, the one thing that is clear is that nothing is clear with regard to the country’s future policy on nuclear power. That also
      AFP  -  915 words


  • AVIATION
    • 504 22 Quarterly result best since the second quarter of 2008 Bloomberg berg [STOCKHOLM] SAS Group, the Nordic region’s largest airline, returned to profit in the second quarter after passenger traffic rose and the carrier cut costs. Net income was 551 million kronor (S$105 million) compared
      Bloomberg; berg; REUTERS  -  504 words
    • 269 22 Bernama [KUALA LUMPUR] Both Malaysia Airlines and AirAsia are expected to see a direct impact on earnings from the higher aircraft parking and landing charges, announced by Malaysia Airports Holdings Bhd (MAHB) on Tuesday. Hong Leong Investment Bank said that it is estimated
      Bernama  -  269 words
    • 527 22 Stalemate looms as board shrinks because members’ terms expire soon Bloomberg berg [SEATTLE] Boeing Co and the National Labor Relations Board (NLRB) were urged by a judge on Tuesday to move quickly in a hearing over allegations of illegal retaliation against a union
      Bloomberg; berg  -  527 words
    • 350 22 Reuters [MOSCOW] Aeroflot, Russia’s flagship airline, is keen to explore the potential of the A380 superjumbo aircraft, Airbus vice-presi-dent Chris Buckley said. “We have started a communication with the airline, we are studying the possibility of Aeroflot’s use of the A380,” Mr Buckley
      Reuters  -  350 words
  • Page 22 Advertisements
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  • Page 22 Miscellaneous
    • 336 22 CRYPTIC CROSSWORD Across 1 Nice request to perform on stage? (8) 5 Lacking debt, as young whelp receiving help (4-2) 9 Communist register includes a number heading west (8) 10 Conqueror could create a scare (6) 12 Old lover getting mention brings thrill (6) 13 Worried Irish politician holding money
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  • Page 23 Advertisements
  • SHIPPING
    • 3655 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
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    • 522 24 Rising earnings at oil unit outweighs decline in container shipping division Bloomberg berg [COPENHAGEN] AP Moel-ler-Maersk A/S, Denmark’s biggest company, reported a 13 per cent increase in first-half operating profit as rising earnings at the oil unit outweighed a decline in the
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    • 308 24 Reuters [COLOMBO] Sri Lanka said that it had entered into a US$500 million deal with China Merchants Holdings to upgrade the container terminal at the country’s main port, in the commercial capital Colombo. “The total investment in the project is expected to
      Reuters  -  308 words
    • 769 24 Move is to spur growth and ease bottlenecks stoking inflation Bloomberg [NEW DELHI] India aims to pour US$60 billion into ports by 2020 under a drive to spur the fastest growth in more than two decades and ease bottlenecks stoking
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    • 278 24 SGX '000 Aug 17 S$ +/-Vol CH Offshore 0.37 -0.02 100 Chuan Hup Hldg 0.23 0.01 1671 Cosco Corp 1.09 -0.02 ***** CWT Ltd 1.09 0.03 580 Ezra Hldgs 1.00 0.04 ***** First Ship Lea 0.28 unch 2767 Freight Links 0.06 unch 946 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • 8162 25 Transaction date: Aug 17 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 12.8 +0.8 40 13 12.8 12.5 13.9 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5.9 5.6 6
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    • 1580 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 14.5 t 800 Super 15.2 +0.2 419 15.2 15.1 15.2 15.3 5.2 27.2 5.5 3.7 t AA Grp 4 3.1 3.8 19 3.9
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    • 9973 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.26/ APS Alpha Fund (USD)!** 1.05/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.61/ Aberdeen Asset Mgt Asia Limited American Opp 0.572/ Asian Credit Fund
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    • 226 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd 38 42 3.6 8.6 3.2 105.5 55 27 Genting HK US$ US34 +0.5 ***** 34.5 33 33.5 34 2238.7 21 10 OGL Resources
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    • 919 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 126 123 126 575.2 1207 902 CIMBAsean40 100US$ US1051 +9 6 1051 1049 1039 1052 42 350 278 DBS STI
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  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 16 Index Change Change Change Change Change Change World Index Preliminary 816.7 -0.4 -9.0 -0.6 -12.2 -0.5 -6.3 EAFE Preliminary 689.9 -0.1 -13.9 -0.5 -13.9 -0.3 -8.2 Europe Preliminary 1003.7 -0.1
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    • 77 27 CRUDE OIL PRODUCTS Aug 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.70 0.81 WTI (Near Mth) 86.93 -0.98 Dubai (1-Mth F) 103.72 0.67 Tapis blend 114.00 0.66 Minas 110.00 0.66 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.67 0.28 Jet Kerosene 123.70 0.70 US$/barrel Opec Oil
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    • 107 27 Aug 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1340.00 1351.25 1345.00 1333.50 Nov 11 1349.50 1362.25 1354.50 1341.25 Jan 12 1360.25 1369.00 1365.00 1352.50 Mar 12 1366.75 1369.00 1371.00 1359.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 55.00
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    • 81 27 Aug 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 17.11.2011 0.10 1-Year BY*****X 02.05.2012 0.14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.95 104.03 103.95 5-Year N*****0W 1.125 01.04.2016 102.93 103.15 102.95
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    • 460 27 Aug 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6200 0 2572 Dec11 99.5000 0 5255 Mar12 99.5350 0 1268 Jun12 99.5650 0 1839 EUROYEN TIBOR FUTURES Sep11 99.6725 99.6725 99.6725 99.6725 0 1283 Dec11 99.6850 99.6850 99.6850 99.6875 0 1478 Mar12 99.6950 0 2083
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    • 156 27 Aug 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 461.0 461.0 462.5 5 315 Oct 11 464.5 463.0 463.5 19 382 Nov 11 464.5 464.5 464.9 80 421 Dec 11 466.0 498 Jan 12 467.0 392
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    • 88 27 As on 16 Aug 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Oct-11 1786.8 1763.4 1783.3 1756.5 Silver Sep-11 40.13 39.345 39.945 39.31 CURRENCY US Dollar-Jap Yen Sep-11 76.81 76.79 76.8 76.68
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    • 121 27 As at 9am Aug 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.299 1.226 Can dollar 1.245 1.198 Euro 1.76 1.693 Sterling pound 2.014 1.937 NZ dollar 1.029 0.98 US dollar 1.219 1.173 Local dollars to 100 units of foreign
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    • 154 27 Aug 17 $S Offer Bid 0vernight 0.05 0.03 1-month 3/16 1/16 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
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    • 27 27 Aug 17 Open High Sett STI Aug 2827 SIMSCI Aug 326.2 329.6 325.9 Taiwan Aug 270.1 272.2 268.4 Source: MF Global (S) Pte Ltd
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    • 2389 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 33 5.28 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 0.8 1
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    • 462 27 Aug 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.029 6.702 0.729 8.175 47.628 89.497 0.804 11.251 3.126 1.255 90.934 44.528 1.263 7.472 0.826 30.381 31.355 0.638 1.049 Canada 0.971 6.510
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    • 85 27 Aug 17 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
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    • 154 27 Aug 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2629 1.2634 1.0491 1.0493 Canadian dollar 1.2266 1.2273 1.0190 1.0194 Euro 1.7321 1.7326 1.4389 1.4390 NZ dollar 1.0061 1.0073 0.8358 0.8366 Sterling pound 1.9783 1.9793 1.6434 1.6439
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    • 22 27 Aug 17 S$ Bid Offer 1-month 1.2034 1.2038 2-months 1.2029 1.2035 3-months 1.2021 1.2027 6-months 1.1973 1.1980 Source: OCBC
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    • 137 27 Aug 17 GOLD (US$/oz) Aug 16 Aug 17 Hong Kong 1777.20 1793.00 Aug 15 Aug 16 London 1739.66 1776.59 1740.66 1777.50 Source: Thomson Reuters CAST BAR Aug 17 (S$) Selling Buying Kilobar 74,049.35 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 471 346 10gm 841
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    • 71 27 Aug 16 Aug 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2339.75 2339.50 3 months 2375.00 2375.00 Copper, Grade A (US$/tonne) Cash 8808.75 8888.25 3 months 8830.00 8908.00 Lead (US$/tonne) Cash 2358.75 2400.25 3 months 2356.00 2398.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 65 27 Aug 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3150 3153 3160 3137 665 9358 Oct 11 3060 3073 3080 3044 3710 ***** Nov 11 3018 3033 3042 3003 ***** ***** Dec 11 3002 3021
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    • 82 27 Aug 16 COCOA (£/tonne) Close Prev High/Low Sep 11 1880 1837 1887/1830 Dec 11 1896 1853 1905/1843 Mar 12 1911 1872 1920/1867 May 12 1921 1883 1929/1880 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2314 2296 2315/2265 Nov 11 2344 2329 2347/2297 Jan 12 2355 2338 2358/2313 Mar 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 865 28  -  With its third phase of expansion, the independent data centre provider is generating as much as 6% of global revenue from Singapore, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY WITH its third phase of expansion in Singapore, the world’s largest carri-er-neutral data centre
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    • 1108 28  -  Can the search engine giant find the correct formula to profit from its US$12.5b bet? <we say> AMIT ROY CHOUDHURY Technology Editor GOOGLE’S decision, announced earlier this week, to buy Motorola Mobility for a whopping US$12.5 billion, subject to necessary approvals, left analysts and industry watchers
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    • 198 28 Bloomberg [OAKLAND] HTC Corp, Asia’s second-big-gest maker of smart phones, filed a complaint at the US International Trade Commission (ITC) that seeks to block imports of Apple Inc’s iPhone, iPad, and Mac computers. The complaint filed on Tuesday in Washington claims Apple is infringing
      Bloomberg  -  198 words
  • Page 28 Advertisements
    • 438 28 MATS €0 NOTICES BUY IT- SELL IT- FIND IT IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF CAPITALAND CHINA HOLDINGS (COMMERCIAL) PTE LTD (Co. Reg. No. *****4894C) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of
      438 words
    • 42 28 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY I did the best I could As President S.R. Nathan steps down, he looks back at his 12 years in office GOODBYE, MISTER YAHOOOOO GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • PROPERTY
    • 689 29  -  It launches separate EOI exercises for 135 Cecil Street and Robinson Centre after receiving ‘unsolicited offers’ By KALPANA RASHIWALA ALPHA Core Real Estate Fund, managed by Keppel Land unit Alpha Investment Partners, has put up for sale two office blocks in the CBD
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    • 1542 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 21/07/2011 99 893 1786 2000 District 3 NON-LANDED
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    • 215 29  -  By NICHOLAS YEO THE Singapore City Gallery at the URA Centre was opened yesterday by Minister of State for National Development, Lee Yi Shyan. It is the only gallery that tells the story of Singapore’s physical planning efforts, and it has now been revamped with greater
      215 words
    • 1322 30 It aims to raise 150b rupees in 2011, 38% more than previous year Bloom berg [MUMBAI] Housing Development Finance Corp, India’s biggest mortgage lender, is planning record debt sales in 2011 as demand for loans from homebuyers in smaller cities makes
      Bloomberg; BLOOMBERG FILE PHOTO  -  1,322 words
    • 234 30 Xi nhua [MACAU] The average transaction price of Macau’s residential units increased by 15.7 per cent quarter-on-quarter to 44,269 patacas (S$6,627) per square metre of usable area in the second quarter of 2011, according to the figures released yesterday by the
      Xinhua  -  234 words
    • 313 31 Shanghai developer attributes fall to fewer properties completed Bloomberg [HONG KONG] Shui On Land Ltd, the Shang-hai-based developer controlled by Hong Kong billionaire Vincent Lo, said that first-half profit fell 50 per cent after it completed fewer properties. Net income in the
      Bloomberg; BLOOMBERG  -  313 words
    • 359 31 Profit surges 48% to RM84.3m on 38% jump in revenue Bernama [KUALA LUMPUR] For the first six months of 2011, Mah Sing Group Bhd racked up RM1.24 billion (S$501.8 million) in sales, meeting above 60 per cent of its full year
      Bernama  -  359 words
  • Page 29 Advertisements
    • 40 29 SAVILLS INDUSTRIAL Land the best returns for your industrial properties Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636 I savills.com savills AGENCY NO. L*****88B
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  • Page 30 Advertisements
    • 120 30 AWJk RESIDENCES RESIDENCE Wilby Central *****888 Wilby Bukit Timah *****505 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit
      120 words
    • 160 30 SAFFRO N London Singapore Hong Kong LONDON PROPERTY OWNERS Central London's No. I Estate Agent EXPERTS IN LETTINGS PROPERTY MANAGEMENT Saffron rent a new London Property every 30 minutes! Central St. Giles UNISON Clapham Mews Neo Bezier Arthaus Baltimore Wharf Bramah Monty Nawaz +65 6832 5188 +65 9730 8851 Corporate
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    • 62 30 Freehold Industrial Building At Genting Road For Sale •Modern High-Tech 5-storey Terrace Factory Building •Excellent Corporate Image •Part of “The Blue Building” project •LandArea: 5,758 sq ft •GFA: 16,943 sq ft •ZonedIndustrialBusiness1 •NeartoPotongPasir&future Mattar MRT Stations Expression of Interest Closing6thSept11(Tue),2.30pm 6595 0689 Irinn Lee (Ms) irinn@credo.com.sg (CEARegnNo: R*****4F) Agency Licence
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  • Page 31 Advertisements
    • 1047 31 BUY IT• SELL IT• FIND IT [•SATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES _@/,/!=;@&]:}[~<|$;[^-)=&/-!+\> C.K. TANG LIMITED (Incorporated in Singapore) (Company Registration No.: *****0023H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the C.K Tang Limited (the "Company") will be held at RELC
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    • 399 31 I L-, ROBINSON CENTRE FOR SALE High Quality Office Building NLA approximately 132,000 sq ft 96.5% Occupancy 20 Storeys 71 Carparking Lots Multi Tenanted Prestigious Entrance Lobby Expression of Interest Closing: 8 Sept 2011 (Thursday), 4pm Investment Properties Tel: 6224 8181 6 Battery Road #32-01 Singapore *****9 Agency Licence No.:
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  • VISIONARIES
    • 998 32 Renzo Piano says architecture mixes things up: history and geography, anthropology and the environment, science and society SOME architects take their jobs very seriously, if only because buildings are so much a part of the collective subconscious. The Italian architect Renzo Piano even considers it
      AP, FANNY SCHERTZER  -  998 words
  • Page 32 Advertisements
    • 161 32 A limited collection of bespoke residences in the heart of prestigious Orchard Road, Alba is an architectural masterpiece created by Bernardo Fort-Brescia of the highly-respected US-based design firm Arquitectonica. Be the limited few to know. 3 For a private viewing of the new Alba sales gallery on 1 River Valley
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