The Business Times, 5 September 2011

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Total Pages: 31
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) 120/08/2011 Monday, September 5,
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  • 726 1  -  US president will unveil plan to tackle unemployment as jobs scene remains in the doldrums B y NEIL BEHRMANN in London AFTER a dismal August, in which the US failed to create any new jobs, one man and his plan could
    726 words
  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,843.09 +94.91 KL COMP 1,474.09 +29.28 NIKKEI 225 8,950.74 +152.96 HANG SENG 20,212.91 +630.03 SET INDEX 1,065.18 +27.96 JAKARTA COMP 3,841.73 unch
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  • 843 1  - Shared offices for little and ideas for free Two new co-working spaces open in East and West of Singapore By DEBBIE YONG [SINGAPORE] A variation of the serviced office concept has surfaced in the last two years to growing popularity among the start-up community here. There are now at least
    ARTHUR LEE  -  843 words
  • Page 1 Advertisements
    • 178 1 VIEWS FROM THE TOP Dear Mr President... PAGES 12-13 BizIT SingTel makes gains as algo trading expands PAGE 32 DINING OUT Beyond the usual Italian suspects PAGE 24 COMPANIES The elusiveness of board diversity PAGE 6 Jobs efforts crucial for markets, Page 2 *****1 *****4 SINGAPORE HUBLOT BOUTIQUE MARINA BAY
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 75 2 AFTER a dismal August, in which the US failed to create any new jobs, one man and his plan could decide how bleak the future will be. On Thursday, President Barack Obama will outline his plans to reduce unemployment. The worry
        75 words
      • 62 2 Shared offices for little and ideas for free A VARIATION of the serviced office concept has surfaced in the last two years to growing popularity among the start-up community here. There are now at least five operators of shared offices, termed “co-working spaces”, where entrepreneurs can swap ideas with kindred
        62 words
      • 74 2 SINGAPOREAN companies have become the largest group of foreign property investors in Australia, new data shows. Figures compiled by CB Richard Ellis for BT show that in the first half of 2011, Singapore-based purchasers accounted for 19 per cent of all commercial
        74 words
      • 70 2 A SINGAPORE power generating company, which previously sourced for a cheaper fuel known as orimulsion (basically bitumen mixed with water) from Venezuela six years ago, is now exploring a new, improved version of the “oil-in-water” emulsion feedstock. The new product is being developed by the same
        70 words
      • 65 2 THE US has written to Switzerland to demand it hands over detailed information this week on its citizens using Swiss accounts to dodge tax or see Credit Suisse and nine other banks face charges, newspapers reported yesterday. The letter sent on Aug 31
        65 words
      • 66 2 THE European Union is expected to unveil a draft law next month to toughen up and extend its markets in financial instruments directive. Vertically integrated stock exchanges would be opened to competition under the draft rules that will please countries such as Britain
        66 words
      • 70 2 MORE Malaysians are snapping up properties overseas as they take advantage of the lower exchange rate in countries such as Britain and the US to spread their investments or shop for holiday homes, The Star reported yesterday. Agents say that the number of Malaysian buyers
        70 words
      • 88 2 BUILDING on its telecom network, Singapore Telecommunications is looking to cash in on the connectivity demands of the fast-growing derivatives trading market in Asia by providing to its customers what are known as algorithmic trading facilities. Discussing future prospects, executive vice-president of Business
        88 words
    • 504 2  -  H1 purchases cross A$1.1b, compared to about A$440m for whole of 2010 By UMA SHANKARI [SINGAPORE] Singaporean companies have become the largest group of foreign property investors in Australia, new data shows. Figures compiled by CB Richard Ellis (CBRE) for BT show
      AFP  -  504 words
    • 791 2  -  Signs of worldwide economic slowdown worry investors WALL STREET INSIGHT By ROB CURRAN WITH the global economy hanging in the balance between growth and recession, the direction of markets this week depends on Germany’s efforts to tackle the eurozone debt
      791 words
    • 384 2 NUS climbs 3 places to 28th in 2011, NTU jumps to 58th [SINGAPORE] Two leading Singapore universities have made major advancements in the 2011 QS World University Rankings, re-affirming the international competitiveness of Singapore’s higher education system. National University of Singapore (NUS) moved up
      384 words
    • 671 4  -  It’s on the hunt for a refinery that would supply Quadrise’s MSAR, an improved oil-in-water emulsion By RONNIE LIM [SINGAPORE] It’s almost like a “back to the future” movie plot. A Singapore generating company, which previously sourced for a cheaper fuel known as orimulsion (basically bitumen
      671 words
    • 668 4 It wants details of clients from Swiss banks as in UBS case Reuters [ZURICH] The United States has written to Switzerland to demand that it hand over detailed information this week on its citizens using Swiss accounts to dodge tax or see Credit
      Reuters; REUTERS  -  668 words
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    • 204 2 What makes an MBA program "Executive"? We believe it's about experience. Behind the Rutgers Executive MBA program stands the experience and global reputation of Rutgers University, the 8th oldest university in the United States. Our professors are both highly regarded academics and global industry experts who bring their real-world business
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  • Page 3 Advertisements
    • 131 3 Europe s best airline. 18.8 million voted. One was named. Every year, Skytrax, the world's civil aviation audit and service benchmarking programme, announces the best in the airline business. They do this by simply asking frequent flyers. In 2010,18.8 million passengers were asked to choose their favorite airline in Europe.
      131 words

  • Page 4 Advertisements
    • 324 4 FLWsia FRANCHISING LICENSING ASIA 2011 The International Event for Entrepreneurship, Business Opportunities Intellectual Property Rights in Asia Exhibition Conference www.FranchiseLicenseAsia.com 8-10 September 2011 10.30am 6.30pm (Thu Fri) 10.30am 5.30pm (Sat) Hall C, Level 1, Marina Bay Sands, Singapore Come identify business opportunities from leading brands and successful franchises plus gain
      324 words

  • Page 5 Advertisements
    • 389 5 > > i Smarter comes to computing. Today, everything computes. Intelligence has been infused into things no one would recognise as computers: appliances, cars, roadways, clothes, even rivers and cornfields. This is the daily reality of a Smarter Planet. Realising its promise, however, will require more than infusing computation into
      389 words

  • COMPANY NEWS
    • 1963 6  -  Even when legislation is unleashed, the numbers are still found rather wanting, reports MICHELLE QUAH reports MICHELLE QUAH THE European Commission’s (EC) review of its corporate governance regime, which recently closed for public comment, has thrown much attention on the subject of board diversity. Among
      STOCK.XCHNG  -  1,963 words
    • 180 6 NNORWAY legislated in 2003 that businesses should increase the number of women on their boards to 40 per cent by 2008 or face the threat of closure. N SPAIN introduced a 40 per cent quota in 2007, to be reached
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    • 376 7 Reuters [SINGAPORE] Mercuria Energy Group Ltd, one of the world’s largest independent energy traders, expects Asia, via its regional hub here, to become one of the major contributors to its revenue next year when new businesses start and as existing ones grow, senior company
      Reuters  -  376 words
    • 276 7 COMPANY MEETING PLACE DATE TIME Abterra A 7 Temasek Boulevard #11-05 Suntec Tower 1 Singapore *****7 06-Sep 10.00am KXD Digital E 10 Tuas West Drive Function Rm 1, Level 3 Raffles Marina Singapore *****4 08-Sep 10.00am Teckwah Ind E 25 Pandan Crescent #05-15 TIC Tech Centre Singapore *****7
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    • 405 7 stSSep 2 Sep 2 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5
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    • 649 7  -  HOCK LOCK SIEW By EMILYN YAP I(OUE) the stSSep F there are any companies which still do not believe in the benefits of being transparent, perhaps the cost of being reticent will convince them to disclose more. For more than a year, Overseas Union Enterprise
      649 words

  • Page 7 Advertisements
    • 61 7 yL' m i R PERTH rU ytoe ttr ovK^ct For your chance to win A$5000 connect at www.redefineperth.com 4 Rediscover Perth. Beyond the pristine beaches, international golf courses and the Pinnacles, Perth is evolving. Let the world-class infrastructure, business networks and unlimited experiences stretch your imagination. Let Perth redefine your
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  • SINGAPORE MARKETS
    • 430 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies strengthened for a second week, led by South Korea’s won and Malaysia’s ringgit, as optimism that the global economic recovery is intact bolstered demand for emerg-ing-market assets. The Bloomberg-JPMorgan Asia Dollar Index touched a two-week high on Friday
      Bloomberg  -  430 words
    • 507 8  -  COMMODITIES By V HARIHARAN The writer is Interim CEO, Singapore Mercantile Exchange. AS OF the first quarter of 2011, Asia clearly stands as the dominant centre of the world in terms of gold. Fifty per cent of the world’s demand for gold is
      507 words
    • 608 8  -  STOCKS VEN SREENIVASAN Senior Correspondent AUGUST was the worst month for global equity markets since October 2008. And emerging markets were worst hit. According to Citigroup, emerging market equities fell by 9.2 per cent last month, and underperformed developed markets by 7.3
      608 words
    • 1686 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Aims Amp Cap Ind Reit 2.00 2.00 2 2.00 10.25 0.27 0.21 Amtek Engg Ltd 2.00 2.00 5 0.10 5.67 0.99 0.67 ARA Asset Mgt Ltd 1.71
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    • 4 8 WEEKLY
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    • 65 8 Sep 2 VALUE CLOSE BT OB/OS 60.00 +15.00 BT CADI -*****.00-102.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 659.68 -1.92 FTSE ST Small Cap 444.65 -2.16 FTSE ST All Share 688.93 -5.11 FTSE ST China Top 206.85 -2.47 FTSE ST China 243.79 -3.24 FTSE ST
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    • 62 8 VOLUME Sheng Siong 635,323,000 Genting SP 495,951,000 Golden Agri 397,615,000 Noble Grp 205,339,000 Cosco Corp 148,685,000 PSL Hldgs 147,130,000 TopGlobal W*****9 132,774,000 Yangzijiang 130,060,000 HPH Trust US$ 113,624,000 SingTel 109,199,000 VALUE($) Genting SP 814,051,280 UOB 403,336,231 Keppel Corp 357,796,280 SingTel 341,452,987 DBS Grp 331,552,460 Sheng Siong 330,727,900
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    • 112 8 BY CENTS CLOSE UP GLD 10US$ ***** 682.6 3.2 DBXT Nifty 10US$ ***** 617.6 4.8 DBXT AUDMM 5SG$ ***** 602.0 2.4 DBXT MSKorea 10US$ 5568 576.7 9.4 Jardine C&C 4676 436.0 10.3 IS S&P500 ***** 392.5 2.8 JMH 5400 325.1 5.3 DBXT FTVietnam 10US$ 2778 263.7 8.6 DBXT SPASX200
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    • 123 8 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 *****-180.0 -1.7 DBXT AUD Bonds 5AU$ *****-173.8 -0.8 DBXT S&P Short 10US$ 4542-163.7 -2.9 STI 3000 DBePW*****3 37.5 -25.5 -40.5 KepCorp MBLePW*****1 50.5 -19.0 -27.3 STI 3100BPePW*****9 53 -18.5 -25.9 STI 3150BPePW*****8 68.5 -18.5 -21.3 SIMSCI335MBePW*****0 37.5 -16.0 -29.9 APStrategic W*****6 10
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    • 5 8 WEEKLY
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    • 168 10 SEPT 2 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.245 22.5 5,145 Noble Group 1.565 15.5 16,930 China Sky Chemical 0.104 14.3 1,768 Armstrong Industrial 0.265 10.4 10,070 Pacific Shipping Trust 0.409 8.8 8,180 Li Heng 0.125 7.8 2,500 First Resources 1.330 7.3 25,270 Lippo-MapletreeT 0.575
      168 words
    • 507 10  -  TEH HOOI LING Senior Correspondent FEW believed that a remedy had been found for the ailing world economy. But there are always optimists out there, and others who felt that prices had gone down too far too fast, and that typically presents
      507 words
    • 150 10 SEPT 2 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Sunvic Chemical 0.550 18.3 16,500 CH Offshore 0.380 8.6 6,460 Stats Chippac 0.510 7.4 3,570 China XLX 0.285 5.6 4,845 Dairy Farm 10.233 5.2 10,233 China Energy 0.061 5.2 2,745 Parkway Life Reit 1.895 4.1 9,475 FSL
      150 words
    • 160 10 SEPT 2 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.245 22.5 5,145 JES International 0.200 20.5 10,400 China Sky 0.104 14.3 1,768 China Fishery 1.300 13.0 11,700 Swiber 0.520 11.8 5,200 Li Heng 0.125 7.8 2,500 Hong Leong Asia 1.680 7.7 11,760 Pacific Andes 0.215 7.5
      160 words
    • 1707 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was high for the fourth straight week while the selling among directors remained very low, based on filings on the Singapore Exchange during the
      1,707 words
    • 171 10 SEPT 2 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE MFS Technology Ltd 0.088 17.3 2,376 Innotek 0.355 10.9 4,970 FJ Benjamin 0.330 10.0 8,250 CDL Hospitality Trust 1.850 9.5 12,950 China Merchants (Pacific) 0.560 8.7 6,160 Hong Leong Asia 1.680 7.7 11,760 CWT 1.090 6.9 13,080 Datapulse 0.205
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    • 146 10 SEPT 2 ‘11 BID PRICE WEEK-ON-WEEK CHANGE VALUE HanKore Env 0.043 38.7 4,300 China Titanium 0.004 33.3 500 Lereno Bio-Chem 0.004 33.3 1,000 Ausgroup 0.340 30.8 12,580 Annica 0.019 18.8 3,154 Novo Group 0.300 11.1 19,800 Cosco 1.070 9.7 6,420 China Auto Electronics 0.081 8.0 8,100 Ellipsiz
      146 words
    • 166 10 SEPT 2 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE SanTeh 0.570 50.0 8,550 China Sky 0.104 14.3 1,768 Innotek 0.355 10.9 4,970 Guocoleisure 0.615 9.8 6,150 Hong Fok 0.460 9.5 8,280 Tuan Sing 0.290 9.4 15,080 China Merchants (Pacific) 0.560 8.7 6,160 Pacific Andes 0.215 7.5 10,750 China
      166 words
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    • 18 8 Phillip Futures Bringing Global Markets Closer to You Askthe— Commodities tXpGIT In collaboration with our Exchange Partners mmBMmmmmmmwmmammmmmmmmmsmm
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  • Page 9 Advertisements
    • 115 9 Audi Vorsprung durch Technik Luxury has progressed with lightweight technology. A 6034 o Change the game with the all-new lightweight Audi A6. Lightness is the new paradigm of Luxury. Introducing the all-new Audi A6 a car packed with more than just innovative features, but advanced knowledge in Lightweight engineering gained
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  • SINGAPORE NEWS
    • 1294 11 Payment Ex Books Pay Ann (cts) date close date date Adampak Ltd aw 1.000 06-Sep 08-Sep 23-Sep 12-Aug Adv Integrated Mft aw 0.180 31-Aug 02-Sep 19-Sep 29-Jul Advanced Hldgs aw 0.200 07-Sep 09-Sep 23-Sep 01-Sep AIMS Amp Cap Ind Reit ag 0.530 02-Aug 04-Aug 14-Sep 27-Jul Amtek Engg
      1,294 words
    • 467 11  -  Subsidised acute hospital care may be cheaper than community and home care By TEH SHI NING DOCTORS here say the current healthcare set-up’s financing system may not fit well with the needs of the chronically ill, a study on end-of-life care commissioned by Lien
      467 words
    • 228 11  -  By MICHELLE QUAH SENIOR Counsel Cavinder Bull of Drew Napier has been appointed vice-presi-dent of the Asia Pacific Regional Arbitration Group (Aprag) a year after he was named deputy chairman of the Singapore International Arbitration Centre (SIAC). Aprag, established in
      228 words
  • Page 11 Advertisements
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    • 240 11 LUXURY TOURS TRAVEL PTE LTD The Leading Operator i'A Established 1985 > > Y^M H.WrlWBP "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services
      240 words

  • VIEWS FROM THE TOP
    • 2689 12 Dear Mr President THIS WEEK’S TOPIC Imagine that you are at the Istana, and you are penning a message in the guest book for President Tony Tan Keng Yam. What would you say? Seah Kian Peng CEO (Singapore) NTUC Fairprice Co-operative Ltd THE Istana has changed from housing colonialists to
      NEO XIAOBIN/THE STRAITS TIMES  -  2,689 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 898 14  -  Academics say Islamic products may also be attractive to non-Muslim investors, reports TEH SHI NING reports TEH SHI NING AS Asia’s investor sophistication has grown, so too has demand for socially responsible investments, no longer relegated to the far fringe of mainstream investing.
      AFP  -  898 words
    • 1017 14  -  Daryl Chia sold off half his father’s portfolio and hedged the other half with put options, saving him a few hundred thousand dollars in losses, MICHELLE YEO reports STARTING YOUNG MICHELLE YEO WHILE most collectors hoard antiques, furniture or art, 22-year-old Daryl Chia seeks to collect
      1,017 words
    • 351 14 ASK DR INVEST Q: Now that inflation is on the rise, is there any investment product that can give returns that is at least on a par with the inflation rate? Or how can I prevent the value of my savings from being eroded in value by
      351 words
    • 272 14 ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple
      272 words
  • Page 14 Advertisements
    • 51 14 The Business Times-Citibank Young Investors’ Forum is published every Monday. It aims to raise the financial awareness of young adults, especially tertiary students, and empower them with the financial knowledge and skills vital to making investing and wealth management decisions. The forum is part of Citibank’s efforts to promote financial
      51 words

  • ECONOMY WATCH
    • 644 15 Draft law to be unveiled next month will also lift barriers to clearing choice Reuters [LONDON] The European Union is expected to unveil a draft law next month to toughen up and extend its markets in financial instruments directive (MiFID). Vertically integrated stock
      Reuters  -  644 words
    • 631 15 Sight deposits, spot market intervention among options Reuters [LONDON] A flare-up of the eurozone debt crisis and faltering global growth are piling pressure on the Swiss National Bank to take further steps to try to stop the Swiss franc
      Reuters  -  631 words
    • 292 15 Reuters [TEL AVIV] Tens of thousands of Israelis marched for lower living costs in what protest leaders called “a moment of truth” for a movement that has mounted pressure on Prime Minister Benjamin Netanyahu to take on sweeping economic reform. “An entire
      Reuters  -  292 words
    • 701 15 But analysts see a lift in the sector in the next few years Reuters [LONDON] Britain is finding its way to a new and bet-ter-balanced version of its economy, but it will still be services that lead the way and not the revival of
      Reuters; BLOOMBERG  -  701 words
  • Page 15 Advertisements
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  • Page 16/17 Advertisements
    • 120 16/17 H 9 m vs U o mm mm M rr ml it #3 Ja 2 lr nr pMlfcMl -.rtsss^® <*?, t|». ill 1 rlh ■liia hi an a II •SJh P 1 I LI x s mi itCLLLLLL \f 1 1 i 1 111 P» ■.29§e~ *g%r.K |J> V U
      120 words

  • MALAYSIA/INDONESIA
    • 449 18 They are taking advantage of lower US$, to spread their investments [PETALING JAYA] More Malaysians are snapping up properties overseas as they take advantage of the lower exchange rate in countries such as Britain and the United States to spread their investments or shop for
      BLOOMBERG  -  449 words
    • 306 18 Bloomberg [GENEVA] Indonesia failed to prove that a US ban on clove cigarettes, designed to prevent teenagers from starting to smoke, is unnecessary, a panel of World Trade Organization (WTO) judges said. “The panel found that the ban is inconsistent
      Bloomberg  -  306 words
    • 511 18  -  Critics cite fat premium, tepid profit impact KL Correspondent MALAYSIA INSIGHT S JAYASANKARAN MALAYSIAN conglomerate Sime Darby’s acquisition of a 30 per cent interest in Penang-based high-end property developer E&O has been criticised by the Malaysian business media and analysts alike. One suspects that
      511 words
    • 1838 18 VOL Sep 2 RM +/-(‘000) A M Realty 0.45 unch 0 Abric Bhd 0.30 unch 0 Advance Synerg 0.18 0.01 1962 Adventa Bhd 1.58 -0.03 33 Ae Multi Hldgs 0.19 unch 0 Affin Holdings 2.97 0.04 277 Ahmad Zaki Res 0.72 0.02 119 Aic Corp 1.29 0.02 4
      1,838 words
  • Page 18 Advertisements
    • 1094 18 In The Matter Of The Companies Act, Cap. 50, And In The Matter Of Cranetech International Pte Ltd (Company No. *****0530N) Statutory Declaration By Directors of Company’s Inability To Continue Business By Reason Of Its Liabilities I, Stevany Veronica Burk De Wiffen of 3 Providence House, College Hill, Penryn Cornwall
      1,094 words
    • 116 18 THE SUPERST ARS OF THE HEW ROMANT ICS MOVEMENT I African White Wishful Thinking Hanna Hanna Highest High Black Man Ray King Catholic Style Working With Fire Steel Arizona Sky You Did Cut Me CHINft CRISIS x Sir IE IMS ticket: ticket at the door 108 nett <£00 (FREESTANDING) w
      116 words

  • GREATER CHINA/INDIA
    • 684 19 Economists say China provides trade investment but saps manufacturing AFP [WASHINGTON] Soya from Argentina, copper from Chile, iron ore from Brazil: China’s seemingly insatiable appetite for Latin America’s raw materials is credited with fuelling blistering economic growth for both. China’s rise in
      AFP  -  684 words
    • 335 19 Reuters [HONG KONG] A Chinese group made up of five state-owned enterprises has paid US$1.95 billion for a 15 per cent stake in a Brazilian niobium producer, underscoring China’s growing appetite to secure supplies of mineral resources. The deal values Companhia Brasileira
      Reuters  -  335 words
    • 434 19 Consumers spending less on high inflation and interest rates AFP [MUMBAI] India’s retailers look set for a tough annual religious festival season traditionally a time for exuberant spending as high inflation and interest rates force consumers to tighten their belts. The season, which began
      AFP; AP  -  434 words
  • Page 19 Advertisements
    • 1071 19 TM Thinking IR a 6-part series on the insights of investor relations (Part i <&) An advertising feature brought to you by Financial PR Targeted Marketing: Finding your match made i equity heaven Investor relations is inherently niche. While it seems almost painfully obvious to highlight that the objective of
      1,071 words

  • WORLD
    • 674 20 With 70% of bonds maturing in 5 years, US vulnerable to any sentiment shift Reuters [NEW YORK] Insatiable demand for safe haven US government bonds is helping mask a potentially huge financial problem the need to extend the maturity
      Reuters  -  674 words
    • 63 20 A poodle at a rally in Bangkok, Thailand yesterday where about 300 activists gathered to show their support for the drafting of a law for animal rights protection. The draft came after Thai authorities last month seized hundreds of dogs that were being transported to
      AP  -  63 words
    • 498 20 Landsbanki now has enough funds to pay back depositors in full Bloomberg [REYKJAVIK] Iceland declared a three-year dispute with the UK and the Netherlands to be history after it promised to pay out US$11.4 billion from the estate of failed Landsbanki Islands to
      Bloomberg  -  498 words
    • 497 20 Pressure mounts on Germany’s flagship lender to cut costs Reuters [FRANKFURT] A recent sharpening of the eurozone debt crisis is denting revenues at Deutsche Bank, ratcheting up the pressure on Germany’s largest lender to cut costs, several people familiar with the
      Reuters  -  497 words
    • 474 20 Reports say that senior party figures want her to resign Bloomberg [WELLINGTON] Australian Labor lawmakers rallied in support of Prime Minister Julia Gillard after reports said that some senior party figures want her to resign. “Julia Gillard is very firmly the leader of
      Bloomberg  -  474 words
    • 440 20 AFP [SYDNEY] Australia yesterday said its plans to send asylum seekers for processing in the Pacific appeared untenable due to a court ruling against a similar deal with Malaysia, deepening woes for the prime minister. Immigration Minister Chris Bowen said the
      AFP  -  440 words
    • 529 21 But others warn that adopting govt panel proposals now will stifle recovery Bloomberg [LONDON] Investors will require British banks to implement proposals from the government-appointed Independent Commission on Banking as soon as possible or risk a further loss of confidence, analysts say. “The
      Bloomberg  -  529 words
    • 420 21 He is medically unfit to answer to corruption charges AFP [PARIS] The first ever trial of a French ex-president opens today but the accused, Jacques Chirac, was unlikely to appear in court to answer corruption charges after doctors said he was medically unfit.
      AFP  -  420 words
    • 573 21 Socialists maintain uneasy silence about his future role in politics Reuters [PARIS] Dominique Strauss-Kahn, his presidential hopes shattered by a sex assault scandal that rocked his homeland, returned to France yesterday, where he faces a frosty reception from the public and unease among his political
      Reuters; PHOTO: AP  -  573 words
    • 696 22 Lack of central budget control could spark euro break-up: forum AP [CERNOBBIO, Italy] Finance officials and experts gathered in Italy mostly agree that Europe needs deeper political union to preserve the troubled euro even though persistent national identities made the prospect politically unlikely
      AP; BLOOMBERG  -  696 words
    • 602 22  -  By ANTHONY ROWLEY in Tokyo JAPAN has achieved one of the best health care systems in the world since the end of World War II, securing record longevity for its people among other successes, and it should do more to help other Asian
      AFP  -  602 words
    • 600 22 CDU may be pushed aside by the Left party or the Greens Reuters [BERLIN] Chancellor Angela Merkel’s centre-right coalition went into yesterday’s polls in a regional election in Germany’s poorest state, Mecklenburg-Vorpom-mern, with the prospect of a further drubbing. Her Christian Democrats (CDU) have
      Reuters  -  600 words
    • 677 22 AP [WASHINGTON] The US Congress returns to work this coming week, divided over measures to create jobs and scorned by the nation it was elected to help lead. After a five-week break, Republican and Democratic leaders alike promise action to try and ease
      AP  -  677 words
    • 319 22 Reuters [ALPBACH, Austria] A joint bond issue by eurozone countries would get the weakest member’s rating if the issue was jointly guaranteed, the head of Standard Poor’s European sovereign ratings said on Saturday. S&P was not in talks with the European
      Reuters  -  319 words
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  • Page 21 Advertisements
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  • Page 22 Advertisements
    • 149 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARCHBROOK LAGUNA (SINGAPORE) PTE. LTD. (Company Reg No. *****1405W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50, that the FINAL MEETING of the members
      149 words

  • AVIATION/SHIPPING
    • 853 23 But officials say plans are in place to mitigate the damage AP [MIAMI] As Miami prepares to dredge its port to accommodate supersize freighters, environmentalists are making a last-ditch effort to protect threatened coral reefs and hectares of sea grass that they say would
      AP; AFP  -  853 words
    • 686 23 Reuters [PARIS] Air France-KLM faces a bumpier ride than its peers through the turbulent economic times ahead as it wrestles with high staff costs, a large debt pile and tough competition that have battered its shares this year. The carrier’s stock is the worst performer
      Reuters; AFP  -  686 words
    • 250 23 AP [WASHINGTON] The FBI and Homeland Security have issued a nationwide warning about Al-Qaeda threats to small airplanes, just days before the anniversary of the 2001 terrorist attacks. Authorities say there is no specific or credible terrorist threat for the 10-year anniversary of
      AP  -  250 words
    • 586 23 Third day of gains fuelled by surging iron ore, coal export business to Asia Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose to its highest in nearly nine months on Friday after surging iron
      Reuters  -  586 words
  • Page 23 Miscellaneous
    • 289 23 CRYPTIC CROSSWORD Across 7 Music maker in a third-party relationship? (8) 9 Weak sun has radiance (6) 10 Silence is felt awkwardly (6) 11 Dealing with fish food? The reverse (8) 12 Varied comments circulating quotes (8,6) 15 Addict starts to undergo self-elected rehabilitation (4) 17 Draft line for monotonous
      289 words

  • DINING OUT
    • 849 24  -  Amo seems intent on converting the more curious epicureans among Singaporeans, says GEOFFREY EU says GEOFFREY EU NEW RESTAURANT Amo 38 Craig Road Tel: 8118-8181 THE chef, the jeweller and the wine distributor sounds a little like the title to an experimental Peter Greenaway movie,
      PHOTOS; YEN MENG JIIN  -  849 words
  • Page 24 Advertisements
    • 28 24 Wine, O I I i 1-1. I II \J- I lM Al>H l+Mll+l if Vu A t7> >N Spanish Bar Restaurant of Spain V *5 Spanish Suckling Pig
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    • 132 24 4/ m I MAGIC MOMENTS AT OSCAR'S. 24 HOURS A DAY Award yourself 24 hours a day, 7 days a week. Savour supper after a show. Indulge in a sumptuous buffet lunch or a la carte dinner. The red carpet treatment meets blue ribbon dining... only at Oscar's. OSCAR'S Rodeo
      132 words

  • SINGAPORE STOCKS
    • 8585 25 Week ended: Sep 2 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 12.8 11.1 14.6 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5.2 +0.2 689 5.2 4.5 4.9 5.8 2.5
      8,585 words
    • 1666 26 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 14 t 800 Super 15.6 +0.6 873 16.1 14.9 15.2 15.6 4.7 3.5 6 27.9 5.5 3.7 t AA Grp 4 2.8 3.9
      1,666 words
    • 114 26 Stock name Close Change CapMallsAsia 1.335 CapitaLand 2.540 -0.030 CapitaMall 1.890 +0.025 CityDev 10.450 +0.090 ComfortDelGro 1.370 -0.005 DBS Grp 13.100 -0.050 F&N 5.700 -0.120 GLP 1.770 +0.030 Genting SP 1.615 -0.035 Golden Agri 0.645 -0.020 Stock name Close Change HK Land 5.800 -0.110 JMH 54.000
      114 words
    • 2619 26 Transaction date: Sep 2 HONG KONG Vol HK$ +/-'000 Aeon Stores 17.90 unch 20 Angang Steel 6.11 -0.10 ***** Anhui Conch 31.80 -0.60 ***** Anhuiexpresswa 4.74 -0.08 602 Asia Satellite 16.40 -0.20 0 Asm Pacific 82.15 -2.40 1254 Bank Of E Asia 29.70 -0.40 1964 Beida Jade Bir
      2,619 words
    • 255 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A39cd 38 40.5 3.6 9 3.1 101.6 55 29.5 Genting HK US$ US35.5 +2.5 ***** 38.5 34 35 35.5 2337.5 20.5 10 OGL Resources
      255 words
    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 3 1 0 0 0 13 3 1 Manufacturing 130 34 32 15 6 7 145 40 39 Commerce 50 12 13 9 5 3 59 17 16 Tpt/Stor/Comms 35 8 4
      186 words
    • 972 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 125 -2 51 125 123 112 122 570.6 1261 937 CIMBAsean40 100US$ US1027 +30 89 1050 1020 1027 1042 41.1
      972 words
    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 199,756 199,756 565,819 565,819 Manufacturing 920,077 73,228 993,305 874,873 783 875,656 Commerce 1,096,784 31,043 1,127,827 987,748 3,549 991,297 Tpt/Stor/Comms 712,008 10,853 722,861 1,010,797 978 1,011,775 Finance 98,072 241 98,313 1,041,988 52 1,042,040 Construction 238,962 130,916
      123 words

  • Page 26 Advertisements
    • 22 26 Insiders' trades. Brokers' recommendations. Dividend table.The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.
      22 words

  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 2 Index Change Change Change Change Change Change World Index Preliminary 805.7 -1.9 -10.2 -1.9 -13.3 -1.9 -7.8 EAFE Preliminary 677.7 -2.3 -15.4 -2.2 -15.6 -2.2 -10.3 Europe Preliminary 980.6 -2.9
      374 words
    • 81 27 CRUDE OIL PRODUCTS Sep 1 CRUDE (FOB origin)8815 US$/barrel Close Change Brent blend (1-Mth F) 115.05. 0.07 WTI (Near Mth) 89.08 0.17 Dubai (1-Mth F).1762 108.72 -0.42 Tapis blend 122.18 0.47 Minas 116.93 0.47 8815 85.17 177.4 176.2 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.67 -0.53 Jet Kerosene 127.14
      81 words
    • 127 27 1.4369 1.6278 Sep 2 Sep-11 1.0483 1.0401 1.0416 Sep-11 9042.00 8842.00 8995.00 Oct-11 85.76 85.04 Aug-11 181.00 178.50 179.20 Sep-11 180.60 178.00 179.00 SOYBEANS (5,000 min; US cents/60 lb bushels)Sep-*****2.*****2.00 Close Previous High/Low Sep 11 1436.00 1424.75 1441.75 1426.00.. Nov 11A 1445.75 1434.50 1452.00 1435.**********50 Jan 12Se 1455.75
      127 words
    • 79 27 Sep 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 01.12.2011 0.18 1-Year BY*****X 02.05.2012 0.19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.76 5-Year N*****0W 1.125 01.04.2016 102.89 103.07 103.05 10-Year NX*****X
      79 words
    • 457 27 Sep 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6200 0 2503 Dec11 99.4650 0 1400 Mar12 99.4800 0 915 Jun12 99.5100 0 1074 EUROYEN TIBOR FUTURES Sep11 99.6700 99.6700 99.6700 99.6700 100 1525 Dec11 99.6800 99.6800 99.6800 99.6950 0 2254 Mar12 99.6950 5 2388
      457 words
    • 167 27 Sep 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 473.0 473.0 473.0 10 396 Nov 11 475.0 474.0 474.0 24 351 Dec 11 478.0 477.0 478.0 17 524 Jan 12 480.0 478.0 478.1 29 339 Feb
      167 words
    • 121 27 As at 9am Sep 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.258 Can dollar 1.256 1.208 Euro 1.75 1.683 Sterling pound 1.985 1.909 NZ dollar 1.054 1.004 US dollar 1.22 1.174 Local dollars to 100 units of foreign
      121 words
    • 155 27 Sep 2 Sep $S Offer Bid 0vernight 0.03 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.01 US$ 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
      155 words
    • 27 27 Sep 2 Open High Sett STI Sep 2844 SIMSCI Sep 326.7 329.8 324.4 Taiwan Sep 273.1 273.6 271.3 Source: MF Global (5) Pte Ltd
      27 words
    • 2485 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 10 -15 20 1 150 25 12.80 32 ASJ Hldgs W*****1 0.5 1 4 29 7.00 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 0.1
      2,485 words
    • 462 27 Sep 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.046 6.829 0.751 8.331 49.112 91.282 0.822 11.355 3.174 1.258 93.411 45.074 1.288 7.489 0.841 31.036 32.023 0.660 1.070 Canada 0.956 6.532
      462 words
    • 85 27 Sep 2 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
      85 words
    • 140 27 Sep 2 GOLD (US$/oz) Sep 01 Sep 02 Hong Kong 1821.00 1852.00 Sep 02 Sep 01 London 1874.19 1825.49 1875.26 1827.21 Source: Thomson Reuters Source: Reuters CAST BAR Sep 02 (S$) Selling Buying Kilobar 75,958.23 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 170 71 5gm 483 354
      140 words
    • 71 27 Sep 2 Sep 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2399.50 2418.50 3 months 2436.00 2455.00 Copper, Grade A (US$/tonne) Cash 9056.75 9126.75 3 months 9076.00 9145.00 Lead (US$/tonne) Cash 2479.50 2570.50 3 months 2460.00 2550.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 154 27 Sep 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2876 1.2892 1.0695 1.0700 Canadian dollar 1.2315 1.2331 1.0229 1.0234 Euro 1.7131 1.7158 1.4230 1.4240 NZ dollar 1.0234 1.0244 0.8501 0.8502 Sterling pound 1.9498 1.9517 1.6196 1.6198
      154 words
    • 22 27 Sep 2 S$ Bid Offer 1-month 1.2036 1.2047 2-months 1.2030 1.2043 3-months 1.2023 1.2036 6-months 1.1989 1.2004 Source: OCBC
      22 words
    • 67 27 Sep 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3180 3185 3186 3174 346 2142 Oct 11 3104 3109 3109 3083 1112 ***** Nov 11 3069 3050 3069 3034 6215 ***** Dec 11 3055 3043
      67 words
    • 82 27 Sep 2 COCOA (£/tonne) Close Prev High/Low Sep 11 1930 1927 1940/1911 Dec 11 1951 1945 1960/1934 Mar 12 1969 1959 1975/1952 May 12 1975 1964 1981/1959 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2241 2295 2287/2230 Nov 11 2275 2325 2327/2246 Jan 12 2296 2345 2344/2267 Mar 12
      82 words
  • Page 27 Advertisements
    • 104 27 SMX MARKET UPDATE As on 2 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold OCT-11 1880.60 1828.30 1871.60 1826.8 Silver DEC-11 42.600 41.900 42.405 41.535 CURRENCY GBP-US Dollar SEP-11 1.6194 1.6179 1.6182 1.6176 Euro-US Dollar SEP-11 1.4285 1.4183 1.4212 1.4269 US DOllar-Jap Yen SEP-11 76.90
      104 words

  • Page 28 Advertisements
    • 1157 28 THE BUSINESS TIMES SHIPPING TIMES 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
      1,157 words
    • 1392 28 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
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  • Page 29 Advertisements
    • 962 29 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE AMCL AMEL Approx transit time ex-Singapore 8 D 9 D 14 D 20 D 23 D 30 D 27 D 26 D 8 D 10 D
      962 words
    • 872 29 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MNL MU SIN PKL JKT SUR GOLD MENAM 110 40 122 09/09 11/09 POSITIVE STAR 64 100 08/09 11/09 14/09 15/09 19/09 21/09 SEIYO SAPPHIRE 4B 35 80 16/09 17/09 22/09 KING FISHER 23 60 19/09
      872 words
    • 735 29 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO, COCHIN, NHAVA SHEVA, JEBEL ALI ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL VOY SIN PKL (N PORT) CMB (JCT2) NSA (NSICT) CMB(JCT2) SCI KOLKATA 024W 29 AUG 30 AUG OMIT 05 SEP 08 SEP MANHATTAN BR 129W 05
      735 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 883 30  -  Mahindra Satyam aims to cash in on in-house expertise of the Mahindra group, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY DIFFERENTIATINGitself from other Indian vendors that specialise in IT services, Mahindra Satyam is banking on engineering services, among other things, to boost growth in
      883 words
    • 488 30 Reuters [BERLIN] Smartphone vendor Sony Ericsson said it saw Google’s acquisition of rival Motorola Mobility as a move to protect Google’s Android software from legal attacks by rivals. All the latest Sony Ericsson smartphone models use Google’s Android software and it
      Reuters  -  488 words
    • 1054 30  -  Microsoft needs to rush devices loaded with its latest OS update out in the market <viewIT> VICTORIA HO Reporter THREE weeks ago, Windows Phone 7 caught a lucky break when Hewlett-Packard (HP) sounded the death knell for webOS phones, effectively banishing them
      1,054 words
    • 416 30 Reuters [LONDON] The Financial Times has pulled its iPad and iPhone apps from Apple’s App Store after losing a battle to keep control of customer data obtained through subscriptions. Apple has recently begun to insist that subscriptions to apps that it hosts
      Reuters  -  416 words
    • 841 32  -  Telco provides its customers facilities for the mathematics-based trading system which relies on its low-latency network, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY BUILDING on its telecom network, Singapore Telecommunications (SingTel) is looking to cash in on the connectivity demands of the
      841 words
    • 1171 32 They struggle with debt, losses and falling prices as consumers desert PCs Bloomberg [SAN FRANCISCO] Memory chipmakers ProMOS Technologies Inc, Powerchip Technology Corp and Elpida Memory Inc, burdened by debt, losses and falling prices, are under increasing pressure to seek mergers or exit
      Bloomberg  -  1,171 words
    • 588 32  -  Organiser reports higher sales this year than last, but some exhibitors note slower foot traffic By VICTORIA HO THIS year’s Comex IT fair, the biggest so far, fared slightly better than last year, according to its organiser. The show attracted 822,000 eager visitors over
      588 words
    • 418 32 Bloomberg [OAKLAND, California] Nokia Oyj transferred about 2,000 patents and patent applications to Mosaid Technologies Inc, a Canadian owner of intellectual property in electronics, in a move that may reduce administration costs. Mosaid will keep one-third of revenue from the patents and give two-thirds
      Bloomberg  -  418 words

  • Page 31 Advertisements
    • 208 31 Sony recommends Windows® 7. make, believe lintel) inside is CORE 7 SONY For the world's chosen. The new VAIO Z Series redefines ultimate mobility and performance in extreme dimensions: 16.65mm X 1.165kg. With its 13-second boot up*, its 2 nd generation Intel® Core™ i7 Processor kicks in immediately with a
      208 words